Document:

Exhibit 10.1

 

TRANSITION SERVICES
AGREEMENT

 

This TRANSITION SERVICES AGREEMENT
(this “Agreement”), dated as of            , 2016 (the “Effective Date”), by and between AdvanSix
Inc., a Delaware corporation (“AdvanSix”), on behalf of itself and the other members of the AdvanSix Group,
and Honeywell International Inc., a Delaware corporation (“Honeywell”), on behalf of itself and the other members
of the Honeywell Group. AdvanSix and Honeywell shall collectively be referred to as the “Parties,” and each
individually a “Party.” Each Party or any member of its Group providing services or occupancy rights
hereunder shall be a “Provider,” and each Party or any member of its Group receiving services or occupancy rights
hereunder shall be a “Recipient.” The term the “Business” as used herein shall mean either
the AdvanSix Business or the Honeywell Business, as applicable. Capitalized terms used in this Agreement but not otherwise defined
herein shall have the meanings ascribed to such terms in the Separation Agreement (as defined below).

 

WHEREAS, in connection with the contemplated
Spin-Off of AdvanSix and concurrently with the execution of this Agreement, Honeywell and AdvanSix are entering into a Separation
and Distribution Agreement (the “Separation Agreement”);

 

WHEREAS, following the Spin-Off, each Party
desires to provide to the other, and to receive from the other, certain services, subject to the terms and conditions set forth
herein.

 

NOW, THEREFORE, in consideration of the mutual
covenants and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Parties agree as follows:

 

ARTICLE I

 

SERVICES

 

SECTION 1.01. Services to be Provided
to the AdvanSix Group.

 

(a) In General.

 

(i) Commencing immediately after
the Distribution, and in accordance with the terms and conditions of this Agreement, Honeywell shall provide, or shall cause the
applicable members of the Honeywell Group to provide, to AdvanSix or the applicable members of the AdvanSix Group in connection
with

    	 	 	 

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the conduct of the AdvanSix Business the services described
on Schedule A hereto (the “AdvanSix Services”).

 

(ii) Honeywell may, in its sole
discretion and without any written notice to AdvanSix engage, or cause the applicable members of the Honeywell Group to engage,
one or more parties (including any third parties) to provide some or all of the AdvanSix Services; provided that (x) Honeywell
shall be responsible for the performance or non-performance of any such parties and (y) such parties agree in writing to be bound
by confidentiality provisions at least as restrictive to them as the terms of Section 6.01 of this Agreement.

 

(iii) Commencing immediately after
the Distribution, and in accordance with the terms and conditions of this Agreement, Honeywell shall, and shall cause the applicable
members of the Honeywell Group to, pay, perform, discharge and satisfy, as and when due, its and their respective obligations
as Recipients under this Agreement.

 

SECTION 1.02. Services to be Provided
to the Honeywell Group.

 

(a) In General.

 

(i) Commencing immediately after
the Distribution, and in accordance with the terms and conditions of this Agreement, AdvanSix shall provide, or shall cause the
applicable members of the AdvanSix Group to provide, to Honeywell or the applicable members of the Honeywell Group in connection
with the conduct of the Honeywell Business the services described on Schedule B hereto (the “Honeywell Services”
and, together with the AdvanSix Services, the “Services”).

 

(ii) AdvanSix may, in its sole
discretion and without any written notice to Honeywell engage, or cause the applicable members of the AdvanSix Group to engage,
one or more parties (including any Affiliates of the AdvanSix Group or any third parties) to provide some or all of the Honeywell
Services; provided, that (x) AdvanSix shall be responsible for the performance or non-performance of any such parties and
(y) such parties agree in writing to be bound by confidentiality provisions at least as restrictive to it as the terms of Section
6.01 of this Agreement.

 

(iii) Commencing immediately after
the Distribution, and in accordance with the terms and conditions of this Agreement, AdvanSix shall, and shall cause the applicable
members of the AdvanSix Group to, pay, perform, discharge and satisfy, as and when due, its and their respective obligations as
Recipients under this Agreement.

 

SECTION 1.03. Service Coordinators.
Honeywell and AdvanSix shall each nominate a representative to act as the primary contact person with respect to the performance
of the Services (each, a “Service Coordinator”). Unless otherwise agreed upon by the Parties, all communications
relating to this Agreement and to the Services

    	 	 	 

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provided hereunder shall be directed to the Service Coordinators. On or prior to the Distribution Date, each Party shall provide to the other Party the name and relevant contact information for each respective Party’s initial Service Coordinators. Either Party may replace its Service Coordinator
at any time by providing notice in accordance with Section 11.01 of this Agreement. The Service Coordinators will consult
and coordinate with each other on a regular basis and no less frequently than monthly during the term of this Agreement.

 

SECTION 1.04. Standard of
Performance. (a) Each Provider shall (and shall cause any party performing the Services on its behalf to)
(i) perform its Services in compliance with applicable Law and (ii) use commercially reasonable efforts, skill and
judgment in providing its Services hereunder, in a manner consistent with past practice up to one year prior to the
Distribution Date (the standards identified in the preceding subclauses (i) and (ii), collectively the “Service
Standards”). If the Provider has not provided such Services (or substantially similar services) during the one year
prior to the Distribution Date, then the Services shall be performed in a competent and professional manner consistent with
industry standards. The Services shall be used solely for the operation of the applicable Business for substantially the same
purpose as used by the applicable Recipient immediately prior to the Distribution Date.

 

(b) Subject to Section 3.04, in the
event of a material failure (the “Material Failure”) of a Provider to perform any of its Services in accordance
with the Service Standards, the applicable Recipient will provide the Provider with written notice of such Material Failure, and
the Provider will use commercially reasonable efforts to remedy such failure as soon as reasonably possible from the date of such
notice. Without prejudice to the foregoing, if the Provider is not able to remedy a Material Failure within thirty (30) days of
its receipt of written notice that a Material Failure has occurred, the dispute resolution procedures set forth in Section 11.10(a)
will apply; provided, however, that in the event that the Executive Committee (as such term is defined in Section
11.10(a)) is unable to resolve the Dispute in accordance with Section 11.10(a), then the Recipient may obtain replacement
services and the Provider shall pay the reasonable out-of-pocket cost of any such replacement services, less the amount the Recipient
would have paid pursuant to this Agreement for such Services if performed by the Provider. If the Recipient chooses to obtain
the replacement services, (i) the Recipient may terminate the affected Services upon notice and the Provider will no longer
provide such Services to the Recipient, or (ii) after the Provider remedies the Material Failure, the Recipient may request that
the Provider resume providing the affected Services.

 

SECTION 1.05. Cooperation. (a)
Each Party and its Service Providers shall, and shall use commercially reasonable efforts to cause any party performing the Services
on their behalf to, cooperate with the other Party and the other members of its Group in all matters relating to the provision
and receipt of the Services and to minimize the expense, distraction and disturbance to the other Party’s business, and shall
perform all obligations hereunder in good faith and in accordance with principles of fair dealing.

    	 	 	 

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(b) Each Party and its Recipients will
use commercially reasonable efforts to provide information and documentation reasonably required by each Provider to perform the
Services, as applicable, in the manner they were provided in the ordinary course prior to the Distribution Date, and will use
commercially reasonable efforts to make available, as reasonably requested by each Provider, sufficient resources and timely decisions,
approvals and acceptances in order that each Provider may perform its obligations under the Agreement in a timely and efficient
manner.

 

(c) Each Party and its Service Providers
shall follow, and shall use commercially reasonable efforts to cause any party performing the services on their behalf to follow,
the policies, procedures and practices, including all environmental policies, of the other Party and its Recipients applicable
to the Services that are in effect as of the Distribution Date and of which such Party has been reasonably informed.

 

(d) A failure of any Recipient to act
in accordance with this Section 1.05 that prevents any Provider from providing a Service hereunder shall relieve such Provider
of its obligation to provide such Service until such time as the failure has been cured; provided, that such Provider has
previously notified such Recipient in writing of such failure. Notwithstanding the foregoing, neither Party shall have any obligation
to purchase, upgrade, enhance or otherwise modify any computer hardware, software or network environment currently used by such
Party in connection with its Business, or to provide any support or maintenance services for any computer hardware, software or
network environment that has been upgraded, enhanced or otherwise modified from the computer hardware, software or network environments
that are currently used by such Party in connection with its Business.

 

(e) To the extent that any third-party
proprietor of information or software to be disclosed or made available to any Recipient in connection with performance of the
Services hereunder requires a specific form of non-disclosure agreement as a condition of its consent to use of the same for the
benefit of the Recipient or to permit the Recipient access to such information or software, the Recipient will, as a condition
to the receipt of such portion of the Services, execute (and will cause its employees and Affiliates to execute, if required)
any such form.

 

(f) Within the first 45 days following
the Distribution Date, the Parties may agree to include within the scope of this Agreement other services that have historically
been provided to the AdvanSix Business by the Honeywell Group or the Honeywell Business by the AdvanSix Group, as applicable,
in each case that are within the same functional categories as those listed on the Schedules (such services, the “Other
Services”). If a Party identifies an Other Service it desires to use, it shall notify the other Party and the Parties
shall discuss in good faith the terms under which such Other Services may be provided to the applicable Business by the relevant
Group. If the Parties agree to include any Other Service within the scope of this Agreement, such Other Service shall be added
to the relevant Schedule and shall be deemed to be a “Service” for all purposes hereunder, and the applicable Provider
shall provide it pursuant to the terms of this Agreement. The charges for the Other Service will be determined on a basis consistent

    	 	 	 

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with the methodology for determining the charges for other Services
as provided in Section 4.01 of this Agreement.

 

SECTION 1.06. Migration Projects.
Subject to Section 10.01(b), prior to the end of the applicable Term, each Provider will provide the Recipient, upon written
request (the “Project Work Request”), with such reasonable support as may be necessary to migrate the Services
to the Recipient’s internal organization or to a third party provider (the “Project
Work”), including without limitation exporting and providing (subject to applicable Law) all relevant data and information
of the applicable Recipient from the systems of the applicable Provider or any party performing the Services on its behalf; provided,
however, for avoidance of doubt, that the Recipient shall bear any portion of the cost of Project Work associated with the
setup of such Recipient’s data warehousing infrastructure or hosting environment. After the Provider receives the Project
Work Request, the Parties shall meet to discuss and agree on the scope and cost of the Project Work, taking into consideration
the Provider’s then-available resources. Where required for migrating the Services, Recipient’s Personnel will be granted reasonable
access to the respective facilities of the Provider during normal business hours. Project Work may be out-sourced to external service
partners (including those involving conversion programs or other programming, or extraordinary management supervision and/or coordination);
provided that the Provider shall be responsible for the performance or non-performance of such partners. Each Party shall
pay its internal and third party costs incurred in connection with all Project Work performed by such Party’s Personnel;
provided that the Recipient shall bear the costs of all third party providers engaged in completing a Project Work.

 

SECTION 1.07. The Parties acknowledge that
any Provider may make changes from time to time in the manner of performing Services if the Provider is making similar changes
in performing the same or substantially similar Services for itself or other members of its Group; provided, however,
that, unless expressly contemplated in Schedule A or Schedule B hereto, such changes shall not affect the Fees for such Service
payable by the Recipient under this Agreement or decrease the manner, scope, time frame, nature or quality or level of the Services
provided to the Recipient, except upon prior written approval of the Recipient.

 

SECTION 1.08. No Provider shall be authorized
by, or shall have any responsibility under, this Agreement to manage the affairs of the business of any Recipient.

    	 	 	 

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ARTICLE
II

REAL ESTATE

 

SECTION 2.01. Occupancy
Rights. Each Provider set forth on Schedule E, with respect to the location set forth on such Schedule opposite such
Provider’s name (each, a “Shared Real Property”), hereby grants to the Recipient set forth on such Schedule
opposite such Shared Real Property, a limited license for reasonable use and access to the space utilized by such Recipient or
any member of its Group in the conduct of the Recipient’s Business as of the Distribution Date, for the sole purpose of transitioning
the Recipient’s Business and in accordance with the terms, covenants and conditions of this Article II. The Recipient’s
right to use and access the applicable Shared Real Property shall be consistent with the use and access afforded to the Recipient’s
Business as of the Distribution Date. The Recipient’s use shall include the right to use the fixtures, improvements and furnishings
located within the Shared Real Property consistent with such use as of the Distribution Date.

 

SECTION 2.02. Use.
The Recipient shall use the applicable Shared Real Property (and the furnishings contained therein) for the same purposes as such
Shared Real Property is utilized as of the Distribution Date and for no other purpose. The Shared Real Property may be occupied
only by the Personnel of the applicable Recipient reasonably required in furtherance of the activities of the Recipient’s
Business or the other purposes set forth in this Agreement. The Recipient shall be responsible for pickup and delivery of goods
at any common shipping dock at any Shared Real Property, and any shipments shall include proper labeling to distinguish the Recipient’s
goods from the Provider’s goods.

 

SECTION 2.03. License
Fee. Each Recipient shall pay a monthly gross license fee for its Shared Real Property as set out on Schedule E (each,
a “Monthly License Fee”). The Monthly License Fee for each Shared Real Property shall be payable in advance
on or before the first (1st) day of each calendar month of the term of the license. The Monthly License Fee for any period during
the respective license term which is for less than one month shall be prorated.

 

SECTION 2.04. License
Term. The license granted under this Article II will be effective as of immediately after the Distribution and will automatically
expire at the earlier of (I) the end of the period set forth in Schedule E with respect to each Shared Real Property, or
(II) the expiration date of the relevant underlying lease pertaining to each Shared Real Property (in which case the Provider shall
provide to the Recipient written notice 30 days prior to such expiration).

 

SECTION 2.05. Access
and Common Areas. Unless otherwise specified on Schedule E, the Recipient (including its Personnel) shall access the
applicable Shared Real Property through existing employee entrances designated by the Provider. Access to any other areas (“Other
Areas”) in, on or about the applicable Shared Real Property (including conference room(s), break area(s), designated
smoking area(s), restroom(s), machine shop(s), shipping/receiving area(s) and cafeteria(s) other than to the extent located within
the Shared Real Property) shall be as otherwise designated by the Provider

    	 	 	 

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in its reasonable discretion. Except as
otherwise expressly provided herein, the Recipient shall not access any other areas.

 

SECTION 2.06. Compliance
with Sellers’ Policies. The Recipient shall comply with the Provider’s reasonable policies and procedures, security
requirements and rules and regulations with respect to the applicable Shared Real Property and the Recipient’s occupancy
of such Shared Real Property. Such policies may be changed from time to time upon reasonable prior notice at the applicable Provider’s
sole reasonable discretion.

 

SECTION 2.07. Insurance.
Each Party agrees, during the term of this license, to cause its Recipients under this Article II to carry and maintain (i) commercial
general liability insurance with a single combined liability limit of $5,000,000 per occurrence and (ii) workers compensation/employer’s
liability insurance with a liability limit of $1,000,000 per occurrence, and in the case of the policies described in clauses (i)
and (ii), naming the applicable Provider (and other parties as may be reasonably required) as an additional insured, against liability
with respect to accidents occurring on, in or about the applicable Shared Real Property or arising out of the use and occupancy
of such Shared Real Property by the Recipient and its Personnel and visitors. All such insurance policies shall contain a waiver
of subrogation in the applicable Provider’s favor. The Parties acknowledge that the Providers shall have no responsibility
to insure or actively maintain any Recipient’s personal property, including any Recipient’s equipment and trade fixtures,
located in the Shared Real Property. Notwithstanding the aforesaid liability limits, said limits shall not diminish or otherwise
impact or affect the obligations of the Parties and their Recipients hereunder. The policy(s) maintained by the applicable Recipient
shall be issued by a company licensed to do business in the country where the Shared Real Property is located and the applicable
Recipient shall deposit a certificate evidencing the same with the applicable Provider on or before the Effective Date. During
the term of the license granted in Section 2.01, the applicable Providers under this Article II shall maintain insurance policies
for the Shared Real Property as in effect as of the Effective Date.

 

SECTION 2.08. Surrender.
Upon the expiration or termination of the license granted under this Article II, each Recipient shall, at its sole cost and expense,
(i) remove their personal property, equipment, trade fixtures and other goods and effects, and repair any damage to the Shared
Real Property resulting from such removal, and (ii) otherwise quit and deliver up the Shared Real Property peaceably and quietly
and in as good order and condition as the same were in on the Distribution Date, reasonable wear and tear, damage by fire and the
elements excepted. In the event any Recipient fails to repair and perform the aforementioned facilities restoration and otherwise
deliver the Shared Real Property as set forth above, the Provider or any member of its Group shall have the right to make said
reasonable repairs and reasonably perform such facilities restoration, charge such Recipient or any member of its Group the reasonable
costs of such repairs and restoration, and such Recipient or any member of its Group shall reimburse the Provider or the member
of its Group, as applicable, within thirty (30) days of receipt of invoice. Any property left in the Shared Real Property after
the expiration

    	 	 	 

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or termination of the license granted under
this Article II shall be deemed to have been abandoned and the property of the Providers to dispose of as the Providers deem expedient
and at the sole cost and expense of the Recipients.

 

SECTION 2.09. License
Rights. The rights granted herein in favor of each Recipient are in the nature of a license and shall not create any leasehold
or other estate or possessory rights in Shared Real Property, and if the license granted under this Article II expires or is terminated,
the Recipient shall vacate the Shared Real Property, and any occupancy or activity of the Recipient thereafter in the Shared Real
Property shall be considered a trespass.

 

SECTION 2.10. Relocation.
Each Provider shall have the right, at its cost, to relocate the applicable Recipient to other area(s) of each Shared Real Property
by providing the Recipient reasonable advance notice, provided that such relocation does not reduce the rights of the Recipient
or increase the obligations of the Recipient under this Agreement or unreasonably interrupt the day-to-day operations of the Recipient’s
Business.

 

SECTION 2.11. Alterations.
The Recipient shall not make any alterations, additions or improvements to the Shared Real Property.

 

SECTION 2.12. Controlling
Provisions. In the event of a conflict between the terms of this Article II and any other provision in this Agreement with
regard to the right to use the Shared Real Property specified in this Article II, the terms of Article II shall control. In the
event of a conflict between the terms of this Agreement and the terms set forth on Schedule E attached hereto, the terms
of Schedule E shall control.

 

ARTICLE
III

 

LIMITATIONS

 

SECTION 3.01. General Limitations.
Unless expressly provided otherwise herein: (i) the Providers shall be required to provide the Services hereunder only
to the extent that such Services were provided to the applicable Business in the ordinary course prior to the Distribution Date
and (ii) the Services provided by the Providers hereunder shall be available only for the purposes of conducting the applicable
Business. Notwithstanding anything to the contrary in this Agreement, no Provider will be required to perform or cause to be performed
any of the Services for the benefit of any other person other than the applicable Recipient or a member of such Recipient’s Group.

 

SECTION 3.02. Third-Party Limitations. (a) Nothing in this Agreement shall be deemed to require the provision of any Service by any Provider to any Recipient if
the provision of such Service requires the consent, waiver or approval from, or notification to, any third party (including a Governmental
Authority), whether under applicable Law, by the terms of any contract to which such Provider or other member of its Group is a
party or otherwise, unless and until such consent, waiver or approval has

    	 	 	 

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been obtained or such notification has been made. Furthermore,
each Party acknowledges and agrees that the Services provided by a Provider through third parties or using third party Intellectual
Property are subject to the terms and conditions of any applicable agreements between the Provider of such Service and such third
parties (such agreements, the “Third Party Agreements”). The Recipient will be responsible
for obtaining, and shall pay all costs of obtaining, any consents, waivers or approvals and making any notifications that may be
necessary (including under the Third Party Agreements or any new Third Party Agreements) to permit Services to be provided hereunder. Each Provider
shall use commercially reasonably efforts to assist the Recipient in obtaining any necessary consent (including any necessary licenses,
waivers or approvals and making any necessary notifications) in order to provide such Services under this Agreement (including
with respect to the Third Party Agreements or any new Third Party Agreements; it being understood that each Recipient shall only be granted access
to Third Party Agreements during the term of this Agreement, and upon expiration of the applicable service term shall procure its own standalone
license with the applicable third party provider).

 

(b) The Provider will not be required
to provide the Recipient access to such third party Intellectual Property or to use such third party Intellectual Property in
the performance of Services if doing so would not be permitted by the applicable Third Party Agreements with such third parties.

 

SECTION 3.03. Compliance with Laws.
(i) Neither Party shall provide, or cause to be provided, any Service to the extent that the provision of such Service would
require such Party, the other members of its group or any of their respective Personnel to violate (a) any applicable Law, (b)
any policies and/or procedures of such Party designed to respond to applicable Law, or (c) in any material respect, any other policies
and/or procedures of such Party in existence on the Distribution Date. If a Party cannot provide a Service due to (c) above or
because provision of such Service would require the consent, waiver or approval of any third-party (including a Governmental Authority)
and such consent, waiver or approval has not been obtained prior to the Distribution, the Parties shall cooperate in good faith
to identify an acceptable alternative arrangement to provide the affected Service sufficient for the purposes of the other Party
and, if mutually agreed, the modified or alternative Service shall be added to the relevant Schedule and the Provider shall provide
it pursuant to the terms of this Agreement; provided, that if the alternative arrangement results from (c) above, the Party
providing such Service shall bear any additional costs resulting from such acceptable alternative arrangement.

 

SECTION 3.04. Force Majeure. The Parties
shall use commercially reasonable efforts to provide, or cause to be provided, the Services without interruption. In the event
that any Provider is wholly or partially prevented from, or delayed in, providing one or more Services, or one or more Services
are interrupted or suspended, by reason of events beyond its reasonable control (including acts of God, act of Governmental Authority,
act of the public enemy or due to fire, explosion, accident, floods, embargoes, epidemics, war, acts of terrorism, nuclear disaster,
civil unrest and/or riots, civil commotion, insurrection, severe or adverse weather conditions, lack of or

    	 	 	 

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shortage of electrical power, malfunctions of equipment or software,
or any other cause beyond the reasonable control of the Provider whose performance is affected by such event (each, a “Force
Majeure Event”)), the Provider shall promptly give notice of any such Force Majeure Event to the Recipient and shall
indicate in such notice the effect of such event on its ability to perform hereunder and the anticipated duration of such event.
The Provider shall not be obligated to deliver the affected Services during such period, and the Recipient shall not be obligated
to pay for any Services not delivered; provided that, for the duration of a Force Majeure Event, the Provider shall use
commercially reasonable efforts to avoid or remove such Force Majeure Event, and shall use commercially reasonable efforts to resume
its performance under this Agreement with the least practicable delay. If the suspension of the Provider’s performance continues
for more than two (2) consecutive months as a result of a Force Majeure Event, the Recipient may terminate this Agreement with
respect to the affected Service by giving written notice to the Provider.

 

SECTION 3.05. Title to Equipment; Management
and Control; Reservation of Rights. (a) All procedures, methods, systems, strategies, tools, equipment, facilities and
other resources used by any Provider in connection with the provision of Services (the “Equipment”) shall remain
the property of such Provider and, except as otherwise provided herein, shall at all times be under the sole direction and control
of such Provider.

 

(b) Except as otherwise expressly provided
herein, management of and control over, the provision of the Services (including the determination or designation at any time
of the Equipment, employees and other resources to be used in connection with the provision of the Services) shall reside solely
with the Provider. All Personnel providing the Services will remain at all times, and be deemed to be, employees or representatives
solely of the Provider responsible for providing such Services (or any parties performing the Services on its behalf) for all
purposes, and not to be employees or representatives of the Recipient. Without limiting the generality of the foregoing, all labor
matters relating to any employees of a Party shall be within the exclusive control of such Party, and the other Party shall take
no action affecting such matters. Such Party shall provide for and pay the compensation and other benefits of such employees,
including salary, health, accident and workers’ compensation benefits and all taxes and contributions which an employer
is required to pay relating to the employment of employees. No Party shall be liable to the other Party or to any of its Personnel
for such Party’s failure to perform its compensation, benefit or tax obligations. In no event shall either Party be obligated
to maintain the employment of any specific employee; provided that such Party shall remain responsible for the performance
of the Services in accordance with this Agreement.

 

SECTION 3.06. Interim Basis Only.
Each Party acknowledges that the purpose of this Agreement is to provide Services to the other Party on an interim basis. Accordingly,
at all times from and after the Distribution Date, each of Honeywell and AdvanSix shall, subject to the terms and conditions of
this Agreement, use its respective commercially reasonable efforts to make or obtain any approvals, permits or licenses,

    	 	 	 

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implement any computer systems and take, or cause to be taken,
any and all other actions necessary or advisable for it to provide the Services for itself as soon as practicable after the date
hereof and terminate this Agreement with respect to each Service prior to the Term for such Service set forth herein.

 

ARTICLE
IV

 

PAYMENT

 

SECTION 4.01. Fees. In connection
with each Service, each Recipient shall pay to the Provider (a) the fees as set forth in the applicable Schedule with respect to
such Service, (b) any third party fees, costs and expenses which are charged to the Provider in connection with provision of the
Services to the Recipient; and (c) any other fees as agreed to by the Parties in writing (collectively, the “Fees”).
At the option of the Provider, it may elect to have one of the members of its Group provide a Service hereunder and submit an invoice
for the applicable Fees to the Recipient on its behalf.

 

SECTION 4.02. Extension
of Services. If, for any reason, the provision of any Services or access to any Shared Real Property extends beyond
the applicable service period or access period set forth in the Schedules attached hereto, the Fees payable each month beyond
the initial service period or access period with respect to such Services or access to such Shared Real Property shall be
automatically and permanently increased by ten percent (10%).

 

SECTION 4.03. Billing and Payment Terms. (a) All amounts due under this Agreement shall be billed and paid for in the following manner (i) each Party shall invoice
the other Party on a monthly basis (such invoice to set forth a description of the Services provided and reasonable documentation
to support the charges thereon (including, where applicable, reasonable documentation as to such Party’s cost allocation and third
party costs in respect of such charges), which invoice and documentation shall be in the same level of detail and in accordance
with the procedures for invoicing as provided to the Provider’s other businesses) for all Services that such Party delivered
or caused to be delivered during the preceding month, (ii) each such invoice shall be payable within 30 days after the date of
the invoice and (iii) payment of all invoices in respect of the Services provided hereunder shall be made in U.S. Dollars.

 

(b) If any invoice is not paid in full
within sixty (60) days after the date of the invoice, interest shall accrue on the unpaid amount at the annual rate equal to the
“Prime Rate” as reported on the thirtieth day after the date of the invoice in The Wall Street Journal (or, if such
day is not a business day, the first business day immediately after such day), calculated on the basis of a year of 360 days and
the actual number of days elapsed between the end of the thirty (30)-day payment period and the actual payment date.

 

(c) If there is a Dispute (as defined
in Section 11.10) between the Parties regarding the amounts shown as billed to a Recipient on any invoice, the relevant Provider
shall, upon the written request of such Recipient, furnish such reasonable documentation to

    	 	 	 

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substantiate the amounts billed including listings of the dates, times and amounts of the Services in question where applicable
and practicable. Delivery of such documentation shall constitute written notice of a Dispute pursuant to Section 11.10, and
the provisions of Section 11.10 shall apply to such Dispute. The Recipient may withhold any payments subject to a Dispute;
provided, that any disputed payments, to the extent ultimately determined to be payable to the Provider, shall bear interest
as set forth in Section 4.03(b).

 

SECTION 4.04. Sales Taxes. All consideration
under this Agreement is exclusive of any sales, use, excise, transfer, value-added, goods or services, or similar Tax excluding
all other Taxes, including Taxes based upon or calculated
by reference to income, receipts or capital or withholding Taxes) imposed against or on
Services (“Sales Taxes”) provided hereunder, and such Sales Taxes will be added to the Fees where applicable.
Such Sales Taxes shall be separately stated on the relevant invoice to the Recipient. The Recipient shall be responsible for any
such Sales Taxes and shall remit such Sales Taxes to the Provider (and such Provider shall remit such amounts to the applicable
taxing authority); provided that (a) in the case of value-added Taxes, the Recipient shall
not be obligated to pay such Taxes unless the Provider has issued to the Recipient a valid value-added tax (“VAT”)
invoice in respect thereof, and (b) in the case of all Sales Taxes, the Recipient shall not be obligated to pay such Sales Taxes
if and to the extent that the Recipient has provided any valid exemption certificates or other applicable documentation that would
eliminate or reduce the obligation to collect and/or pay such Sales Taxes.

 

SECTION 4.05. No Offset. Except as
set forth in Section 4.03(c), no Recipient shall withhold any payments to its Provider under this Agreement in order to offset
payments due to such Recipient pursuant to this Agreement, the Separation Agreement, any Ancillary Agreement or otherwise, unless
such withholding is mutually agreed by the Parties or is provided for in the final ruling of a court having jurisdiction pursuant
to Section 11.10(c). Any required adjustment to payments due hereunder will be made as a subsequent invoice.

 

SECTION 4.06. Funding of Payroll.
Payroll checks disbursed by or at the direction of Honeywell or a member of the Honeywell Group as part of the Services shall be
funded in immediately available funds to an account as directed by Honeywell or such Group member on the day the checks are issued
to employees of the Recipient; provided that the Recipient has received 48 hours’ advance written notice of the amount
required. Direct deposit of payroll will be funded on payday (alternately referred to as the settlement date); provided
that the Recipient has received 48 hours’ advanced written notice of the amount required.

 

SECTION 4.07. Customer Receipt Payments
and Bank Account Transition Process. (a) For a period of twelve (12) months following the Distribution (“Customer
Receipt Payment Period”), in the event any payments related to trade receivables intended for the AdvanSix Group or the
Honeywell Group (the “Intended Payee”) is incorrectly received by any member of the other Group (the “Customer
Receipt Payee”) such Customer Receipt Payee will, as soon as reasonably practicable, but

    	 	 	 

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in no event in more than 10 Business Days following receipt
of such payment, send the applicable Intended Payee through wire transfer an amount equal to the value of such payment (each, a
“Customer Receipt Payment”).

 

(b) For each Customer Receipt
Payment, the Customer Receipt Payee must provide the applicable customer(s) payment details to allow the Intended Payee to
identify the customer(s) and the related transaction(s) associated with the Customer Receipt Payment, including each
customer’s name, accounts receivable account number and payment amount. On or prior to the Distribution Date, each
Party shall provide the other Party with the relevant contact information of the persons to send this information.

 

(c) The Intended Payee will pursue corrections
to the banking details internally. If payments are not being sent to the correct bank account of the Intended Payee within thirty
(30) days following the Distribution, the Customer Receipt Payee will send a letter to the respective customer every month, informing
the customer of the need to use the correct bank account as designated by the Intended Payee. If payments continue to be incorrectly
sent for eleven (11) months after the Distribution, the Customer Receipt Payee and the Intended Payee will send a final joint
letter one month prior to the expiration of the Customer Receipt Payment Period.

 

(d) Each Party agrees to not send the
other Party any Customer Receipt Payments from customers found on the U.S. Treasury Office of Foreign Assets Control’s Specially-designated
Nationals List or from any countries with which U.S. persons are prohibited from conducting business. Each Party agrees to not
accept Customer Receipt Payments made in cash. Each Party agrees to immediately notify the other Party of any Customer Receipt
Payments falling within the scope of this Section 4.07(d) and to cooperate with the other Party in taking any action recommended
by the other Party in connection with such Customer Receipt Payments.

 

(e) All Customer Receipt Payments made
by any Customer Receipt Payee to any Intended Payee hereunder shall be made by a wire transfer of immediately available funds
in U.S. Dollars to a bank account designated in writing by the Intended Payee entitled to receive payment. Customer Receipt Payments
may be bundled or sent on a per payment basis.

 

(f) All bank fees incurred for transmitting
Customer Receipt Payments pursuant to this Section 4.07 will be paid by the Intended Payee and may be deducted from the applicable
Customer Receipt Payments sent to the Intended Payee by the Customer Receipt Payee.

 

ARTICLE V

 

ACCESS AND SECURITY

 

SECTION 5.01. Access; Work Policy.

    	 	 	 

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(a) At all times during the Term, each
Party shall provide, and shall cause its Affiliates and third parties to provide, the other Party and its Personnel reasonable
ingress to and egress from its facilities and premises, and reasonable access to its equipment and Personnel, for any purpose
connected with the delivery or receipt of Services hereunder, the exercise of any right under this Agreement or the performance
of any obligations required by this Agreement. “Personnel” shall mean, with respect to any Party, the employees,
directors, officers, agents, counsel, accountants, in-house attorneys, independent contractors and other professional consultants
of (i) such Party, (ii) the Affiliates of such Party and (iii) any third parties engaged by such Party or its Affiliates
to provide a Service.

 

(b) Each Party’s Personnel shall
comply with the other Party’s safety and security regulations applicable to each specific site or facility while working
at such site or facility. Except as otherwise agreed to by the Parties, each Party’s Personnel shall observe the working
hours, working rules, and holiday schedules of the other Party while working on the premises of the other Party.

 

SECTION 5.02. Security Level; Additional
Security Measures.

 

(a) The Parties shall work together to
ensure that, when providing Services, they are each able to maintain their current level of physical and electronic security during
the Term.

 

(b) Any Provider may take physical or
information security measures that affect the manner in which Services are provided, so long as the substance or overall functionality
of any affected Services remains the same as it was prior to the Distribution Date; provided, that the Recipient shall
be given reasonable, prior written notice of any such physical or information security measures that are material.

 

SECTION 5.03. Security Breaches. In
the event of a security breach that relates to the Services, the Parties shall, subject to any applicable Law, cooperate with each
other regarding the timing and manner of (a) notification to their respective customers, potential customers, employees and/or
agents concerning a breach or potential breach of security and (b) disclosures to appropriate Governmental Authorities.

 

SECTION 5.04. Systems Security. (a) If either Party or its Personnel will be given access to any of the computer systems or software of the other Party or any
party performing the Services on its behalf (“Systems”) in connection with the performance of the Services,
the accessing Party and its Personnel shall comply with all system security policies, procedures and requirements related to the
Systems (as amended from time to time, the “Security Regulations”) in effect as of the Effective Date and of
which such accessing Party or its Personnel has been reasonably informed, and will not tamper with, compromise or circumvent any
security or audit measures employed by such the Party granting such access and its Personnel.

 

(b) Each Party and its Affiliates shall use commercially reasonable efforts to ensure that only those of their respective Personnel
who are specifically authorized to

    	 	 	 

    	 	15

    

have access to the Systems of the other Party gain such access,
and to prevent unauthorized access, use, destruction, alteration or loss of information contained therein, including notifying
its Personnel regarding the restrictions set forth in this Agreement and establishing appropriate policies designed to effectively
enforce such restrictions.

 

(c) If, at any time, either Party determines
that any Personnel of the other Party or its Affiliates has sought to circumvent, or has circumvented, its Security Regulations,
that any unauthorized Personnel of the other Party or its Affiliates has accessed its Systems or that any Personnel of the other
Party or its Affiliates has engaged in activities that may lead to the unauthorized access, use, destruction, alteration or loss
of data, information or software, such Party shall immediately terminate any such Personnel’s access to the Systems and
immediately notify the other Party.

 

(d) Honeywell, AdvanSix and their respective
Personnel, shall access and use only those Systems, and only such data and information within such Systems to which it has been
granted the right to access and use. Any Party shall have the right to deny the Personnel of the other Party access to such Party’s
Systems, after prior written notice and consultation with the other Party, in the event the Party reasonably believes that such
Personnel pose a security concern.

 

(e) A Party subject to a Change in Control (as defined below)
shall permanently delete from its Systems and destroy all confidential Information pertaining to the other Party or its Affiliates
and, at the request of such Party, provide evidence reasonably satisfactory to the other Party that such deletion and destruction
has occurred. As used herein, a “Change in Control Transaction” means (i) the acquisition (whether by merger,
consolidation, share exchange, business combination, recapitalization, liquidation, dissolution, equity investment, joint venture
or otherwise) by any person or group (or the shareholders of any person) of more than 50% of the assets of a Party and its subsidiaries,
taken as a whole (based on the fair market value thereof), or assets comprising 50% or more of the consolidated revenues or EBITDA
of a Party and its subsidiaries, taken as a whole, including in any such case through the acquisition of one or more subsidiaries
of a Party or (ii) acquisition in any manner (including through a tender offer or exchange offer) by any  person or group
(or the shareholders of any person) of more than 50% of a Party’s equity securities.

 

SECTION 5.05. Records and Inspection Rights.
During the term of this Agreement and for seven (7) years thereafter or in accordance with their respective corporate records retention
policies, whichever is longer, each Party agrees to maintain accurate records arising from or related to any Service provided hereunder,
including accounting records and documentation produced in connection with the provision of any Service. Upon reasonable written
notice from a Recipient, the applicable Provider shall make available to such Recipient or its Personnel (i) at such Recipient’s
sole expense, reasonable access to or, at such Provider’s expense, copies of, the records with respect to such Service during
regular business hours, and (ii) electronic copies of any such records (to the extent such records have not been migrated to the
Recipient), in which case the Recipient shall reimburse the Provider for reasonable out-of-pocket expenses incurred in providing
the Recipient with any such electronic records.

 

ARTICLE
VI

 

CONFIDENTIALITY

 

SECTION 6.01. Confidential Information.
Each Party hereby acknowledges that confidential Information of such Party or members of its Group may be exposed to the Personnel
of the other Party or its Group as a result of the activities contemplated by this Agreement. Each Party agrees, on behalf of itself
and its Affiliates, that such Party’s obligation to use and keep confidential such Information of the other Party or its Group
shall be governed by Sections 7.01(c) and 7.08 of the Separation Agreement.

    	 	 	 

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ARTICLE
VII

 

INTELLECTUAL PROPERTY AND DATA

 

SECTION 7.01. Ownership of Data and Intellectual
Property. (a) Each Party shall own all data and information (i) provided by it to the other Party in connection with its
receipt of Services or (ii) created by or for the other Party solely on behalf of it in relation to the provision of Services (collectively,
“Service Receiver Data”).

 

(b) Upon the request of the Recipient, and
at Recipient’s expense, any Service Receiver Data in possession of a Provider shall be promptly provided to the Recipient in the
format in which such Provider maintains such data as of the time of such request; provided that the Provider may retain
the relevant Service Receiver Data and provide a copy thereof to the Recipient: (i) if necessary for such Provider to continue
to provide the Services during the Term; or (ii) if such Provider is unable to delete the Service Receiver Data from its archives
using commercially reasonable efforts.

 

(c) All other data, information and Intellectual
Property provided by each Party (including its Affiliates) and their respective licensors and information, content and software
providers in connection with performance of the Services shall remain the property of such Party (or its Affiliates). Each Party
hereby grants to the other Party and to its Affiliates and any third parties providing Services under this Agreement a nonexclusive,
nontransferable, world-wide, royalty-free license, for the term of this Agreement, to use the Intellectual Property owned by the
granting Party solely to the extent strictly necessary for the other Party to perform its obligations under, and for the granting
Party to receive and use the Services as contemplated by, this Agreement, only to the extent of the interest held by the granting
Party or its Affiliates.

 

(d) Subject to the terms of the Separation
Agreement, each Provider acknowledges and agrees that it will acquire no right, title or interest (including any license rights
or rights of use) to any work product resulting from the provision of Services hereunder for the Recipient’s exclusive use
and such work product shall remain the exclusive property of the Recipient. To the extent title to any such work product vests
in the Provider by operation of Law, each Party hereby assigns (and shall cause any such other Provider to assign) to the relevant
Recipient all right, title and interest in and to such work product, and the Provider shall provide such assistance and execute
such documents as the Recipient may reasonably request to assign to such Recipient all right, title and interest in and to such
work product. Each Recipient acknowledges and agrees that it will acquire no right, title or interest (other than a non-exclusive,
perpetual worldwide right of use) to any work product resulting from the provision of Services hereunder that is not for the Recipient’s
exclusive use and such work product shall remain the exclusive property of the Provider.

    	 	 	 

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ARTICLE
VIII

 

LIMITATION OF LIABILITY; DISCLAIMER OF WARRANTIES

 

SECTION 8.01. Limitation of Liabilities. (a) No Party or any of its Affiliates shall be liable (including any liability for the acts and omissions of its employees,
agents and sub-contractors) to another Party or its Affiliates for Liabilities in connection with performing Services under this
Agreement except with respect to direct damages arising out of such Party’s willful misconduct or gross negligence; provided
that the foregoing limitation shall not apply to a Party’s breach of its obligations pursuant to Article IV or Article VI
or to payments in respect of costs or expenses of third party service providers to the extent expressly provided in Section 1.04(b).

 

(b) Notwithstanding any other provision
of this Agreement, no Party or any of its Affiliates shall be liable for any consequential, indirect or punitive damages or any
damages that are not reasonably foreseeable or are speculative or remote, unless, in each case, such damages are recovered by
a third party in a Third-Party Claim under Section 9.01 or Section 9.02 pursuant to an order entered against the indemnified
Party or its Affiliates.

 

(c) Notwithstanding anything to the contrary
in this Agreement, no Party or its Affiliates shall be liable for Liabilities incurred by the other Party or its Affiliates for
any action taken or omitted to be taken by such first Party or its Affiliates under or in connection with this Agreement to the
extent such action or omission arises from actions taken or omitted to be taken by, or the gross negligence or willful misconduct
of, the other Party or its Affiliates or any authorized Personnel of the other Party or its Affiliates.

 

(d) Without limiting the rights under
Section 11.10(d), in no event shall any Provider or its Affiliates be liable pursuant to Section 9.01 hereof for Liabilities
in excess of the actual amounts payable by any Recipients or their Affiliates in connection with the Services provided hereunder
plus an amount equal to the amount, if any, of any Insurance Proceeds or Third-Party Proceeds that are actually received by such
Provider in accordance with Section 6.04 of the Separation Agreement, which shall apply, mutatis mutandis, herein.

 

SECTION 8.02. Disclaimer of Warranties.
EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, NEITHER PARTY MAKES, AND EACH PARTY EXPRESSLY DISCLAIMS, ANY AND ALL REPRESENTATIONS
OR WARRANTIES WHATSOEVER, WHETHER EXPRESS, IMPLIED OR STATUTORY, WITH RESPECT TO THE SERVICES TO BE PROVIDED UNDER THIS AGREEMENT,
INCLUDING WARRANTIES WITH RESPECT TO MERCHANTABILITY, OR SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT
OF ANY SOFTWARE OR HARDWARE PROVIDED HEREUNDER, AND ANY WARRANTIES ARISING FROM COURSE OF DEALING, COURSE OF PERFORMANCE OR TRADE
USAGE. NEITHER PARTY, AS A PROVIDER, MAKES ANY REPRESENTATION OR

    	 	 	 

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WARRANTY THAT ANY SERVICE COMPLIES WITH ANY LAW, DOMESTIC OR
FOREIGN.

 

ARTICLE
IX

INDEMNIFICATION

 

SECTION 9.01. Indemnification by the Provider.
Subject to the terms of Article VIII and this Article IX, from and after the Distribution Date.

 

(a) AdvanSix in its capacity as a Provider
and on behalf of each member of its Group in its capacity as a Provider, shall indemnify, defend and hold harmless the Honeywell
Indemnitees from and against any and all Liabilities arising from or in connection with the willful misconduct or gross negligence
of AdvanSix or any member of its Group, in their capacity as a Provider, in connection with the provision of the Services.

 

(b) Honeywell in its capacity as a Provider
and on behalf of each member of its Group in its capacity as a Provider, shall indemnify, defend and hold harmless the AdvanSix
Indemnitees from and against any and all Liabilities arising from or in connection with the willful misconduct or gross negligence
of Honeywell or any member of its Group, in their capacity as a Provider, in connection with the provision of the Services.

 

SECTION 9.02. Indemnification by the Recipient.
Subject to the terms of Article VIII and this Article IX, from and after the Distribution Date,

 

(a) AdvanSix in its capacity as a Recipient
and on behalf of each member of its Group in its capacity as a Recipient, shall indemnify, defend and hold harmless the Honeywell
Indemnitees from and against any and all Liabilities arising from or in connection with or by reason of this Agreement or any
Services provided by a member of the Honeywell Group hereunder except to the extent such Liabilities arise out of or in connection
with the willful misconduct or gross negligence of Honeywell or any member of its Group, in their capacity as a Provider, in connection
with the provision of the Services.

 

(b) Honeywell in its capacity as a Recipient
and on behalf of each member of its Group in its capacity as a Recipient, shall indemnify, defend and hold harmless the AdvanSix
Indemnitees from and against any and all Liabilities arising from or in connection with or by reason of this Agreement or any
Services provided by a member of the AdvanSix Group hereunder except to the extent such Liabilities arise out of or in connection
with the willful misconduct or gross negligence of AdvanSix or any member of its Group, in their capacity as a Provider, in connection
with the provision of the Services.

 

SECTION 9.03. Exclusive Remedies; Procedures.
Without limiting the rights under Section 11.10(d), the remedies and indemnities expressly provided in Section 1.04(b)
(with respect to payment of costs associated with replacement services), Article VIII and this Article IX of this Agreement
shall be the sole and exclusive

    	 	 	 

    	 	19

    

remedies of the Provider and its Affiliates and the Recipient and its Affiliates, as applicable,
for any Liabilities of any kind or nature (including any diminution in value) regardless of the form of action through which such
damages are sought (e.g., contract, warranty, tort (including negligence and strict liability) or otherwise) arising out
of, in connection with or under this Agreement, or in respect of the Services or actions taken by, or omissions of, any Party in
connection with the transactions contemplated hereby. The indemnification procedures in Section 6.05 of the Separation Agreement
shall apply, mutatis mutandis, to any indemnification claim made under this Agreement.

 

ARTICLE
X

TERM AND TERMINATION

 

SECTION 10.01. Term of Agreement. (a) Unless the Parties otherwise agree in writing, the term of this Agreement shall become effective on the Effective Date
and shall remain in force until the earlier of (a) termination or expiration of all of the respective Terms and (b) termination
in accordance with Section 10.02(a). “Term” shall mean, with respect to each of the Services or the license
granted under Article II, the period of time beginning on the Effective Date and expiring on the date set forth in the applicable
Schedule (it being understood that if such expiration date falls on any date other than the last day of the applicable month, the
Recipient shall pay the Provider for the Services on a pro-rata basis with respect to such month), unless earlier terminated pursuant
to Section 10.02(b). Notwithstanding anything to the contrary contained herein, if the Separation Agreement shall be terminated
in accordance with its terms, this Agreement shall be automatically terminated and void ab initio with no further action
by the Parties and shall be of no further force or effect. The obligation of any Party to make a payment for Services previously
rendered shall not be affected by the expiration of the Term and shall continue until full payment is made.

 

(b) Notwithstanding Section 10.01(a),
if a Provider does not complete any Project Work before the expiration of the Term, such Provider shall be required to continue
the Project Work until its completion pursuant to the terms of Section 1.06.

 

SECTION 10.02. Termination. (a)
Termination by Honeywell Group or AdvanSix. This Agreement may be terminated by either Party (the “Terminating
Party”) upon written notice to the other Party (which notice, in case of material breach, shall specify the basis for
such claim for breach of this Agreement), if:

 

(i) the other Party materially
breaches this Agreement, the period for resolution of the Dispute relating to such breach set forth in Section 11.10(a) and (b)
has expired and such breach is not cured, to the reasonable satisfaction of the Terminating Party, within thirty (30) days of
written notice thereof; or

 

(ii) the other Party makes a general
assignment for the benefit of creditors or becomes insolvent, or a receiver is appointed for, or a court approves reorganization
or arrangement proceedings on, such Party.

    	 	 	 

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(b)  Partial Termination. Except
as otherwise described in the Schedules hereto, any Recipient may, on thirty (30) days’ written notice to the applicable
Provider, terminate its receipt of any Service; provided, however, that the Recipient shall continue to pay the
Fees in respect of such Service for up to sixty (60) days after delivery of such written notice to the extent the Provider is
unable to terminate third party commitments in respect of such Service without penalty prior to such date. Any termination notice
delivered by the Recipient shall specify in detail the Service or Services to be terminated, and the effective date of such termination.
Effective upon the termination of such Service, an appropriate reduction will be made in the aggregate Fees charged to the Recipient
(on a pro rata basis for terminations occurring during the middle of any monthly period, except to the extent that such Services
require the Provider to make expenditures on a per month basis (in which case the reduction will be applied beginning from the
following month)).

 

SECTION 10.03. Effect of Termination.
In the event that this Agreement is terminated for any reason:

 

(a) Each Party agrees and acknowledges
that the obligations of each Party to provide the Services, or to cause the Services to be provided, hereunder shall immediately
cease. Upon cessation of the Provider’s obligation to provide any Service, the Recipient shall stop using, directly or indirectly,
such Service.

 

(b) Upon request, each Party shall, and
shall cause its Affiliates to, return to the other Party all tangible personal property and books, records or files owned by such
other Party or its Affiliates and third parties and used in connection with the provision of Services that are in their possession
as of the termination date.

 

(c) The following matters shall survive
the termination of this Agreement, including the rights and obligations of each Party thereunder, in addition to any claim for
breach arising prior to termination: Section 2.03, Section 2.08, Article IV, Section 5.05, Article VI, Article VII,
Article VIII, Article IX, the last sentence of Section 10.01(a), Section 10.01(b), this Section 10.03
and Article XI (other than Section 11.12).

 

ARTICLE
XI

MISCELLANEOUS

 

SECTION 11.01. Notices. All notices,
requests, claims, demands and other communications under this Agreement shall be in writing and shall be provided in the manner
set forth in the Separation Agreement.

 

SECTION 11.02. Severability. If any
provision of this Agreement or the application thereof to any Person or circumstance is determined by a court of competent jurisdiction
to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances
or in jurisdictions other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect
and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to either Party. Upon any such determination, any such

    	 	 	 

    	 	21

    

provision, to the extent determined to be invalid, void or unenforceable,
shall be deemed replaced by a provision that such court determines is valid and enforceable and that comes closest to expressing
the intention of the invalid, void or unenforceable provision.

 

SECTION 11.03. Entire Agreement; Conflict
with Separation Agreement. (b) This Agreement, the Separation Agreement, the other Ancillary Agreements and the Appendices,
Exhibits and Schedules hereto and thereto contain the entire agreement between the Parties with respect to the subject matter hereof
and supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with
respect to such subject matter, and there are no agreements or understandings between the Parties with respect to the subject matter
hereof other than those set forth or referred to herein or therein. The Parties agree that, in the event of a conflict between
the terms of this Agreement and the Separation Agreement with respect to the subject matter hereof, the terms of this Agreement
shall govern.

 

SECTION 11.04. Waivers. No failure
or delay of any Party (or the applicable member of its Group) in exercising any right or remedy under this Agreement shall operate
as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance
of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise
of any other right or power. Waiver by any Party of any default by the other Party of any provision of this Agreement shall not
be deemed a waiver by the waiving Party of any subsequent or other default.

 

SECTION 11.05. Third Party Rights.
Except for the indemnification rights under this Agreement of any Honeywell Indemnitee or AdvanSix Indemnitee in their respective
capacities as such, (a) the provisions of this Agreement are solely for the benefit of the Parties hereto and are not intended
to confer upon any Person except the Parties hereto any rights or remedies hereunder and (b) there are no third-party
beneficiaries of this Agreement and this Agreement shall not provide any third person with any remedy, claim, liability, reimbursement,
cause of action or other right in excess of those existing without reference to this Agreement.

 

SECTION 11.06. Assignability. This
Agreement shall be assignable, in whole or in part, in accordance with the terms of Section 12.03 of the Separation Agreement.

 

SECTION 11.07. Binding Effect. This
Agreement shall be binding upon, inure to the benefit of, and be enforceable by the successors and permitted assigns of the Parties
hereto.

 

SECTION 11.08. Schedules. All Schedules
attached hereto are incorporated herein and expressly made a part of this Agreement as though completely set forth herein. All
references to this Agreement herein or in any of the Schedules shall be deemed to refer to this entire Agreement, including all
Schedules.

    	 	 	 

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SECTION 11.09. Governing Law. This
Agreement shall be governed by, and construed in accordance with, the Laws of the State of New York, regardless of the Laws
that might otherwise govern under applicable principles of conflicts of Laws thereof.

 

SECTION 11.10. Dispute Resolution (a) In the event of any dispute, controversy or claim (a “Dispute”) arising out of or relating to this Agreement
(other than any Sections of this Agreement that contain their own dispute resolution mechanics, to which this Section 11.10
shall not apply), the Service Coordinators shall meet (by telephone or in person) no later than five (5) business days after receipt
of notice by a Party of a request for resolution of a Dispute. The Service Coordinators shall enter into negotiations aimed at
resolving any such Dispute. If the Service Coordinators are unable to reach a mutually satisfactory resolution of the Dispute within
ten (10) business days after receipt of notice of the Dispute, the Dispute shall be referred to an Executive Committee comprised
of specified transition leaders (the “Executive Committee”) from Honeywell
and AdvanSix. On or prior to the Distribution Date, each Party shall provide the other Party with the name and relevant contact information for its respective initial Executive Committee member, and either Party may replace its Executive Committee members at any time with other members of similar seniority by providing
written notice in accordance with Section 11.01. The Executive Committee will meet (by telephone or in person) during the
next ten (10) business days and attempt to resolve the Dispute. In the event that the Executive Committee is unable to resolve
the Dispute, then the Parties shall retain all rights with respect to remedies hereunder.

 

(b) If Honeywell and AdvanSix fail to resolve
a Dispute within the periods provided under Section 11.10(a), such dispute shall, at the request of either Party hereto (a
“Mediation Request”), be submitted to non-binding mediation in accordance with the then current Model Procedure
for Mediation of the CPR Institute for Dispute Resolution (“CPR”), except as modified herein. The mediation
shall be held in New York, New York. The Parties shall have 20 days from receipt by a Party of a Mediation Request to agree on
a mediator. If no mediator has been agreed upon by the Parties within 20 days of receipt by a Party (or Parties) of a Mediation
Request, then any Party may request (on written notice to the other Parties), that the CPR appoint a mediator in accordance with
the Procedure. All mediation pursuant to this clause shall be confidential and shall be treated as compromise and settlement negotiations,
and no oral or documentary representations made by the Parties during such mediation shall be admissible for any purpose in any
subsequent proceedings. No Party hereto shall disclose or permit the disclosure of any information about the evidence adduced
or the documents produced by the other Parties in the mediation proceedings or about the existence, contents or results of the
mediation without the prior written consent of such other Parties except in the course of a judicial or regulatory proceeding
or as may be required by Law or requested by a Governmental Authority or securities exchange. Before making any disclosure permitted
by the preceding sentence, the Party intending to make such disclosure shall give the other Parties reasonable written notice
of the intended disclosure and afford the other Parties a reasonable opportunity to protect its interests. If the Dispute has
not been resolved within 60 days of the

    	 	 	 

    	 	23

    

appointment of a Mediator, or within 90 days of receipt
by a Party of a Mediation Request (whichever occurs sooner), or within such longer period as the Parties may agree to in writing,
then any Party may file an action on the Dispute in any court having jurisdiction in accordance with Section 11.10(c).

 

(c) Each Party irrevocably consents to
the exclusive jurisdiction, forum and venue of the Commercial Division of the Supreme Court of the State of New York, New York
County and the United States District Court for the Southern District of New York over any and all claims, disputes, controversies
or disagreements between the Parties or any of their respective Subsidiaries, Affiliates, successors and assigns under or related
to this Agreement or any document executed pursuant to this Agreement or any of the transactions contemplated hereby or thereby.
Each of AdvanSix and Honeywell hereby agrees that service of any process, summons, notice or document by U.S. registered mail
to its respective address set forth in Section 11.01, shall be effective service of process for any litigation brought against
it in any such court. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO TRIAL
BY JURY IN CONNECTION WITH ANY LITIGATION ARISING OUT OF OR RELATING IN ANY WAY TO THIS AGREEMENT, THE SERVICES OR THE TRANSACTION
CONTEMPLATED HEREBY.

 

(d) Notwithstanding anything herein to the
contrary, in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this
Agreement, the affected Party shall have the right to specific performance and injunctive or other equitable relief of its rights
under this Agreement, in addition to any and all other rights and remedies at Law or in equity, and all such rights and remedies
shall be cumulative. The other Party shall not oppose the granting of such relief on the basis that money damages are an adequate
remedy. The Parties agree that the remedies at Law for any breach or threatened breach hereof, including monetary damages, are
inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at Law would be
adequate is waived. Any requirements for the securing or posting of any bond with such remedy are waived.

 

SECTION 11.11. Construction. The rules
of interpretation set forth in Section 12.14 of the Separation Agreement are incorporated by reference into this Agreement, mutatis
mutandis.

 

SECTION 11.12. Counterparts. This
Agreement may be executed in one or more counterparts, all of which counterparts shall be considered one and the same agreement,
and shall become effective when one or more counterparts have been signed by each Party and delivered to the other Party. This
Agreement may be executed by facsimile or PDF signature and a facsimile or PDF signature shall constitute an original for all purposes.

 

SECTION 11.13. Relationship of the Parties.
Expect as specifically provided herein, neither Party shall act or represent or hold itself out as having authority to act as an
agent or partner of the other Party or in any way bind or commit the other Party to any obligations or agreement. Nothing contained
in this Agreement shall be

    	 	 	 

    	 	24

    

construed as creating a partnership, joint venture, agency,
trust, fiduciary relationship or other association of any kind, each Party being individually responsible only for its obligations
as set forth in this Agreement. The Parties’ respective rights and obligations hereunder shall be limited to the contractual
rights and obligations expressly set forth herein on the terms and conditions set forth herein.

 

SECTION 11.14. Further Assurances.
From time to time after the date hereof, without further consideration, each Party shall execute and deliver such formal license
agreements as another Party may reasonably request to evidence any license provided for herein or contemplated hereby.

 

Signature Page Follows

    	 	 	 

    	 	25

    

IN WITNESS WHEREOF, the Parties have caused
this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

 

	 	ADVANSIX inc.,
	 	 
	 	by
	 	 	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HONEYWELL INTERNATIONAL INC.,
	 	 	 
	 	by
	 	 	 

    	 

    	

    

Schedule A

 

Transition Services
to be Provided by Honeywell

 

	1.	Enterprise IT Services
	 	 
	 	Provider:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:
	 	 	 
	 	Recipient:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Services and Charges:	See Annex 1.	 
	 	 	 	 
	 	Term:	Each Honeywell Enterprise IT Service will be provided
    for up to 24 months from the Distribution Date, unless extended or earlier terminated, in whole or in part, in accordance
    with the relevant provisions of this Agreement.	 
	 	 	 	 
	 	Note:	Provider will perform the services
        described in the Description of Services.

         

        All of the Services are subject
        to any licensing and/or other restrictions, imposed on Honeywell by software vendors, and all of the Services are subject
        to any and all agreements, contracts or commitments Provider has or may have with any third parties.

	 

 

Description of Enterprise IT Services:

 

1. Application Hosting (AH) Backup: Administration
of backup systems for the server environment. Major activities include supervision and technical support of the external device.

 

2. AH Backup – Core: Administration of
disk storage space outside of the server environment. Major activities include supervision and technical support of the external
device.

 

3. AH Cloud: Consumption of metered cloud usage
outside of Provider’s environment. Major activities include data consumed, supervision and technical support of the external
cloud usage.

 

4. AH Cloud – Connected Platform – Core:
Consumption of metered cloud usage outside of the Honeywell environment. Major activities include data consumed, supervision and
technical support of the external cloud usage.

 

5. AH Hardware Lease: Payment of lease costs
of AH hardware such as server, enterprise computing appliance and workstation.

 

6. AH Hardware Maintenance: Administration of
AH hardware maintenance by outsourced suppliers. Major activities include supervision and technical support.

    	S-1

    	

    

7. AH IAM – Core: All support services
required to manage day to day operations for LDAP and Active Directory accounts in a network environment. These services include,
but are not necessary limited to, the following: account maintenance, directory synchronization, storage and maintenance.

 

8. AH IMAC: Functions performed by outsourced
suppliers for standard or non-standard activity to either install, move, add or change equipment for a Provider project request.

 

9. AH Other: Administration of service requests
requiring resource usage (specifically with respect to time and materials) for AH out of warranty by the outsource supplier. Administration
of the distributed computing functions not addressed in previous categories by the outsource suppliers including software license
renewals. Major activities include supervision, technical support, actual software license renewal, user account administration,
account maintenance, access controls and management of profiles.

 

10. AH SAP Basis Support: Administration of the
SAP function by the outsourced third party supplier. Major activities include supervision and technical support.

 

11. AH Shared Hosting: Administration of shared
server and data base functions by the outsourced third party supplier. Major activities include supervision and technical support.

 

12. AH Software Maintenance: Payment of costs
for license administration and maintenance of AH software by outsourced suppliers. Major activities include supervision, licensing
and technical support.

 

13. AH Storage: Administration of AH storage
by the outsource supplier.

 

14. AH Storage – GFS Core: Administration
of AH storage, GFS core, by the outsource supplier.

 

15. AH Storage – Storage Core: Administration
of storage, storage core by the outsource supplier.

 

16. AH Support: Functions performed by the outsourced
supplier for service and labor of server and workstation services. Major activities include supervision and technical support.

 

17. Communication Services (CS) Collaboration Support:
Microsoft Exchange and Active Directory support.

 

18. CS EVAN: Administration of the WAN router
and LAN services router network function necessary to connect each site to the network by the outsource supplier. Major activities
include supervision and technical support.

 

19. CS Hardware Lease: Payment of lease costs
of AH hardware such as server, enterprise computing appliance and workstation.

 

20. CS Hardware Maintenance: Administration of
AH hardware maintenance by outsourced suppliers. Major activities include supervision and technical support.

 

21. CS LEC: Administration of the local phone
service. Major activities include supervision and technical support.

 

22. CS Long Distance: Administration of the long
distance function by the outsource supplier. Major activities include supervision and technical support.

 

23. CS MACD: Perform functions by outsourced
suppliers for standard or non-standard activity to either install, move, add or change equipment for a Provider project request

 

24. CS Other: Administration of the telecom functions
not addressed in previous CS categories by the outsource suppliers. Major activities include supervision, technical support, user
account administration, account maintenance, access controls and management of profiles

    	S-2

    	

    

25. CS Wireless LAN – Core: Administration
of the wireless access, gateway, or function by the outsource supplier. Major activities include supervision, customer support,
gateway administration, and technical support.

 

26. DT Desktop Support: Management and technical
support for active desktop assets provided by outsource supplier.

 

27. DT Hardware Lease: Payment of costs for desktop
and laptop leases, peripherals, early terms and buyouts.

 

28. DT Printer Services: Administration of print
device leases, cost per copy, labor, early terms and buyouts. Major activities include management and technical support.

 

29. HD Helpdesk Calls: Administration of the
helpdesk function by the outsource supplier. Major activities include supervision and technical support.

 

30. HD Helpdesk Calls – Core: Administration
of the helpdesk function by the outsource supplier. Major activities include supervision and technical support.

 

31. Provider Connected Person: Provide all support
services required to manage day to day operations for each connected person in a network environment. These services include,
but are not necessary limited to, the following: LDAP and active directory account maintenance, directory synchronization, storage
and maintenance; mail and messaging; Lync communication, account maintenance, directory synchronization, storage and maintenance.

 

32. Security Other – DLP Core: Administration
of the information technology security functions not addressed in previous categories by outsourced suppliers. Major activities
include supervision, technical support, user account administration, account maintenance, access controls and management.

 

33. Security Other – Firewall Core: Administration
of the information technology security functions not addressed in previous categories by outsourced suppliers. Major activities
include supervision, technical support, user account administration, account maintenance, access controls and management.

 

34. SS Cellular: Administration of the cellular
function by the outsource supplier. Major activities include supervision and technical support.

 

35. SS PDA Administration of the remote access
across functional PDA/MDM operations function by the outsource suppliers. Major activities include supervision, account maintenance
and technical support

 

36. SAP, BW, Non-ERP Support: Application support
with third-party supplier. Administration of the intellectual technology support for Enterprise Resource Planning (ERP) applications
including Level 2 (L2) and Level 3 (L3) break/fix, technical support, user account administration, account maintenance, access
controls and management.

 

37. SAP, BW, Non-ERP Support – Clone Addition:
Application support with 3rd party supplier. Administration of the intellectual technology support for non-ERP applications including
L2 and L3 break/fix, technical support, user account administration, account maintenance, access controls and management. This
Service is in connection with the additional clone solution.

 

38. SAP, BW, Optivision – Clone Addition:
Payment of additional infrastructure costs, including SAP Basis, on-going support and other hardware related maintenance and support
charges for SAP, BW and Optivision applications, subject to Provider’s reasonable discretion.

 

39. SAP and Oracle L&M: Payment of license
and maintenance (L&M) costs that are charged to

    	S-3

    	

    

the Strategic Business Unit via Provider.

 

40. Non-ERP Applications L&M: Payment of
L&M costs in connection with third party vendors.

 

41. Site Support: Support for on-site activities
through the outsourced on-site technical enterprise support provider (ESUP), RL Canning, consistent with the ESUP RL Canning support
model.

 

42. Technical Support from PMT Service Delivery:
Support from Provider’s Service Delivery (SD) staff, generally consistent with support Recipient receives as of the Distribution
Date.

 

43. Depreciation of Software Assets: Payment
of depreciation costs relating to software assets associated with major applications which will be used by Recipient during the
Term.

 

44. ERP (O2C, P2P, SIOP, Financials, EH&S, PM, PS)
Applications (including SAP, APO-DP, SAP PI, HP QC, Autosys, Elemica, Specification Database, SDS, DG, GLM, REACH, TSCA CDR, OSHA
RMP, DHS CFATS, EHS, MSDS, Web Interface), ERP Analytics Applications (including SAP BW HANA, SAP Business Objects, SAP BEX):
Management and administration of applications including necessary updates for regulatory and statutory compliance, security, subject
matter expertise. Travel and Expenses (T&E) will be charged back to Recipient as required and incurred by Provider.

 

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

45. Commercial and Digital Customer Applications (including
Salesforce.com, Marketing Websites on Rackspace, ROSI mobile app, Easy Maintenance mobile app, JDET Pricing Analysis DB):
Management and administration of applications including necessary updates for regulatory and statutory compliance, security, subject
matter expertise. T&E will be charged back to Recipient as required and incurred by Provider.

 

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

46. EH&S Applications Non-SAP (including 3E Ariel,
IHS Essentials 7.5 Suite, Impact ERM, PAIR (Sharepoint CAPA Site), IHS Stature, OHM, LeakDas, TIPP, Safer Trace, Safer Realtime,
Chemical Lookup Tool): Management and administration of applications including necessary updates for regulatory and statutory
compliance, security, subject matter expertise. T&E will be charged back to Recipient as required and incurred by Provider.

 

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

47. Manufacturing and Engineering Non-SAP Applications
(including Accolade, Aspen, Autodesk Suite (ACAD Mechanical, Inventor, Navisworks, Robot), Integraph suite (ICAS, InTools, PVElite,
CADWorx, Tank, Caesar2, SmartPlant, MathCAD), Chemdoodle, ChemDraw, CHF Packout, MESF, Lactam Tracker, EMOC, Hopewell SQL LIMS
5.1, Chestefield SQL LIMS 5.1, Frankford SQL LIMS 5.1, Hopewell COA, LIMSLINK, BlueCielo Meridian, Meridium, NWA Quality Analyst,
Pipeflo, PRVSuite, Unisim Design R410, Railcar Tracking, Railtrac, Yardmaster, Weighmaster, ITS Mobile (SAP), Vendor Qualification
system, Apollo RCCA, Vocollect, ADCA, Optivision): Management and administration of applications including necessary updates
for regulatory and statutory compliance, security, subject matter expertise. T&E will be charged back to Recipient as required
and incurred by Provider.

 

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

48. Time and Attendance Applications (including Kronos):
Management and administration of

    	S-4

    	

    

applications including necessary updates for regulatory and
statutory compliance, security, subject matter expertise. T&E will be charged back to Recipient as required and incurred by
Provider.

 

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

49. Trade Compliance Applications (Amber Road):
Management and administration of applications including necessary updates for regulatory and statutory compliance, security, subject
matter expertise. T&E will be charged back to Recipient as required and incurred by Provider.

 

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

50. Financial Reporting Applications (HFM) Licenses:
Management and administration of applications including necessary updates for regulatory and statutory compliance, security, subject
matter expertise. T&E will be charged back to Recipient as required and incurred by Provider. Support will be provided
by Provider and corporate vendors.

 

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

51. Environment, Health and Safety Applications (including
ETS): Management and administration of applications including necessary updates for regulatory and statutory compliance,
security, subject matter expertise. T&E will be charged back to Recipient as required and incurred by Provider. Support will
be provided by Provider and corporate vendors.

 

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

52. Procure to Pay Applications (including Dolphin, KOFAX,
pCards): Management and administration of applications including necessary updates for regulatory and statutory compliance,
security, subject matter expertise. T&E will be charged back to Recipient as required and incurred by Provider. Support will
be provided by Provider and corporate vendors.

 

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

53. Order to Cash Applications (including Autobank, FCSM):
Management and administration of applications including necessary updates for regulatory and statutory compliance, security, subject
matter expertise. T&E will be charged back to Recipient as required and incurred by Provider. Support will be provided by
Provider and corporate vendors.

 

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

54. Financial and Tax Applications (including SAP Global
Risk and Compliance, CCH Tax Research, HFM Flex, Reuters, VAT T&E, e-Rec): Management and administration of applications
including necessary updates for regulatory and statutory compliance, security, subject matter expertise. T&E will be charged
back to Recipient as required and incurred by Provider. Support will be provided by Provider and corporate vendors.

    	S-5

    	

    

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

55. Knowledge Management Applications (including Documentum,
Sharepoint, Nintex Forms and Workflow): Management and administration of applications including necessary updates for
regulatory and statutory compliance, security, subject matter expertise. T&E will be charged back to Recipient as required
and incurred by Provider. Support will be provided by Provider and corporate vendors.

 

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

56. Procurement Application (including TrackVia, DNB
Supplier Risk Manager, Digital Forms, Remedy Tickets: Management and administration of applications including necessary
updates for regulatory and statutory compliance, security, subject matter expertise. T&E will be charged back to Recipient
as required and incurred by Provider. Support will be provided by Provider and corporate vendors.

 

*Note: The Term and the limits of this Service is limited
to licensing and/or other restrictions imposed on Provider by software vendors.

 

57. Recipient Infrastructure Costs: Payment of
Recipient’s direct infrastructure pass-thorough costs that are based on employee identification (EID) consumption, including
desktop, mobile, printer and other EID based services.

    	S-6

    	

    

	2.	Human Resources / Labor Services
	 	 
	 	Provider:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:
	 	 	 
	 	Recipient:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Services and
    Charges:	See
    Annex 1.	 
	 	 	 	 
	 	Term:	The Human
    Resources / Labor Services will be provided for up to 6 months from the Distribution Date, except to the extent that another
    period is expressly specified herein, or unless extended or earlier terminated, in whole or in part, in accordance with the
    relevant provisions of this Agreement.	 
	 	 	 	 
	 	Note:	Provider
    will perform the services described in   the Description of Services.	 
	 	 	 	 
	 	 	All of
    the Services are subject to any and all agreements, contracts or commitments Provider has or may have with any third parties.	 

 

Description of Human Resources /
Labor Services:

 

1. Payroll: Support in transferring
payroll data from Provider to Recipient, process Recipient’s payroll for weekly and bi-weekly paychecks, including the delivery
of such paychecks to Recipient’s employees, W-2 creation and access through March 31, 2017, provide Recipient’s employees
with 800 phone number support relating to payroll, paychecks and deductions, access to live CSA support during service center
hours, and provide appropriate and reasonable payroll reporting support until such time Recipient engages a third party payroll
provider to provide such services. Additionally, Provider will provide payroll data to support the transitions contemplated by
this Agreement and Recipient’s future provider of payroll services.

 

2. Staffing: US Direct Hire:
Process and enter requisitions for direct hire positions, recruit candidates for such positions, make offers, and manage a portion
of on-boarding candidates that are hired. Recipient’s direct hire positions services will be handled through a recruitment
processing outsourcing relationship, Randstad SourceRight, with such services subject to that certain Statement of Work #1 dated
January 1, 2013, under that certain Master Service Agreement dated December 1, 2012 by and between Provider and Randstad SourceRight.
Provider will use a third party, Taleo, to provide the applicant tracking system Provider uses to manage job postings and applicant
tracking and workflow movement throughout the staffing process.

 

3. Healthcare & Welfare Programs:
For a period of 3 months beginning on the Distribution Date, Provider will provide Recipient’s employees with continued
healthcare, inclusive of vision, dental, short term disability, long term disability, and family and medical leave coverage, including
HSA/FSA administration, and call center support. Recipient’s employees will have the ability to

    	S-7

    	

    

view and access health, dental and vision
coverage, deductible and out of pocket maximum continuation. Provider will administer support for all of Recipient’s employees
who are covered immediately prior to the Distribution Date by Provider’s existing health, welfare and benefits programs
and services through Provider’s existing call center and My Benefits resources. Recipient’s employees will be transitioned
to Cigna with regard to health and welfare programs to allow both (A) family and medical leave, and (B) short term disability
claims and tracking, with payments issued for short term disability.

 

4. Peoplesoft: Use of Provider’s
Peoplesoft system to store Recipient’s employee and job records, with Recipient having the ability to make queries and retrieve
data and reports from Provider’s Peoplesoft system as they relate to Recipient’s employees. Provider will ensure that
the US payroll module is available during the Term. Additionally, Provider will maintain data flow to downstream systems, as reasonably
required by Recipient; provided however, data maintenance will not be covered by this Service. Further, Provider will provide
Recipient with access to HR Direct, to provide current employee view and self-service capability via HR Direct to Recipient’s
employees, with Provider to ensure data changes take effect in Peoplesoft. Recipient will have the ability to update personal
employee information in HR Direct; however, Recipient will not have the ability to use the Manager View or HRG View capabilities
to perform any transactions. With regard to any Peopesoft queries that Recipient requires to be created, Provider will build such
queries and develop and apply security for such queries; provided, however, Recipient must provide Provider with definitive descriptions
of what population may access such queries (both public and private). Provider will support the onboarding process, which will
programmatically send applicant data to Peopesoft for entry or update, or Provider will manually enter such data on behalf of
Recipient. Provider, in its sole discretion, may allow certain of Recipient’s users to perform their own data entry into
Peoplesoft for certain of Recipient’s populations, or Provider, in its sole discretion, may allow such of Recipient’s
users to submit Smart Forms to the Provider’s Human Resources Data Administration mailbox to process with Peoplesoft. Provider
and Recipient acknowledge and agree that joint transition project(s) will be required.

 

*Note: Peoplesoft and Provider
will have access to all of Recipient’s and Recipient’s employees’ data on Peoplesoft.

 

5. Learning Hub Access:
Access to Learning Hub for Recipient’s employees, who may self-enroll or be assigned, with all of Recipient’s employee’s
Learning Hub records to be stored with Provider’s Learning Hub vendor, SuccessFactors(SAP); provided, however, Recipient
may obtain such records, subject to Learning Hub’s terms and conditions. Additionally, Peoplesoft will direct Recipient’s
employees to Learning Hub for use consistent with Provider’s past practices.

    	S-8

    	

    

	3.	Financial Services
	 	 
	 	Provider:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:
	 	 	 
	 	Recipient:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Services and
    Charges:	See Annex 1.	 
	 	 	 	 
	 	Term:	The Financial
    Services will be provided for up to 12 months from the Distribution Date, unless extended or earlier terminated, in whole
    or in part, in accordance with the relevant provisions of this Agreement.	 
	 	 	 	 
	 	Note:	Provider
    will perform the services described in   the Description of Services.	 
	 	 	 	 
	 	 	All of
    the Services are subject to any and all agreements, contracts or commitments Provider has or may have with any third parties.	 

 

Description of Financial Services:

 

1. Travel & Expense Processing
– Travel and expense processing services consistent with those provided to Recipient prior to the Distribution Date,
including corporate card services, travel and expense Help Desk services. Provider will also provide expense management support.

 

2. Customer-to-Cash Services
– Services in connection with new account set-up and approvals, credit review of new customers, Order release and approvals,
schedule of executive approval updates, collection of cash from customers, dispute management and escalation, reporting and forecasting
of cash. Review credit and debit memos, identify/offset items as required, Statements are provided upon request to Customers for
balancing and reconciliation purposes; Customer Orders that go on Credit Hold are reviewed for credit release. Investigate credit
holds; negotiate/follow up with customers for payment. Work with the Customer Service and commercial team as required; Identify
and contact Customers regarding past due accounts; Provide support and reporting to resolve all bankruptcy and other bad debt
customer issues; Use commercially reasonable efforts to support all reasonable requests related to audits, including providing
copies of invoices, proof of cash receipts and proof of receipt of payment and closing of specific invoices as long as Seller
has access to those documents at Buyer’s locations.

 

3. Procure-to-Pay Services:
Procure-to-pay services consistent with those provided to Recipient prior to the Distribution Date, including cash disbursements,
creation and maintenance of vendor master, processing of purchase orders, document scanning services, mailroom services, invoice
approval workflows, PO and non PO invoice processing, process vendor payments, vendor reconciliation, error resolution as required,
vendor helpdesk services, supporting vendor interfaces and accruals and reporting; ; weekly fund settlement between Provider and
Recipient.

    	S-9

    	

    

4. Record-to-Report Services:
Record-to-report services consistent with those provided to Recipient prior to the Distribution Date, including monthly finance
close processes, fixed asset accounting, consolidation of financial statements, enabling accurate and timely reporting of Recipient
financial statements, HFM and SAP administrative support; provided, however, the close may be delayed up to 5 days initially compared
to current state.

 

5. Cash Applications: Services
in connection with the allocation of cash to receivables for closing balances (created pre-Distribution Date) on Provider’s
books and records, the allocation of cash to receivables for invoices generated after the Distribution Date, the transition and
training of Recipient’s service providers for the duration of the TSA, manual allocation employed in instances where Autobank
tool may not be able to allocate cash automatically, this process is in place today and will continue for the duration of the
TSA in the same manner as it is currently; weekly fund settlement between Provider and Recipient.

 

6. Accounting-to-Reporting Services
– Shared accounting-to-reporting services for Recipient during the Term, pursuant to that certain shared services
agreement with CapGemini / Genpact with Provider and CapGemini / Genpact and GFC providing shared services to Recipient, including
accounting and accruals, SAP/FICO services including trouble shooting and monthly close, Monthly Consolidation and HFM, and support
with monthly financials.

 

7. Financial Planning and Analysis
(FP&A): FP&A support relating to Sales / OI Flash (WD2), cost management including OEF and indirect reporting
(WD 5), raws forecast presentations (WD2), monthly Capex Uploads (WD5), AR and regional reporting (WD 7), Shipped not billed report
(WD1).

    	S-10

    	

    
	4.	Health, Safety & Environmental Services

 

	 	Provider:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Recipient:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Services and Charges:	See Annex 1.	 
	 	 	 	 
	 	Term:	The Health, Safety & Environmental Services will be provided
    for up to 12 months from the Distribution Date, unless extended or earlier terminated, in whole or in part, with the relevant
    provisions of this Agreement.	 
	 	 	 	 
	 	Note:	Provider will perform the services described in   the
    Description of Services.	 
	 	 	 	 
	 	 	All of the Services are subject to any and all agreements, contracts
    or commitments Provider has or may have with any third parties.	 

 

Description of Health, Safety &
Environmental Services:

 

1. eMOC Software and Support:
(Engineering Management of Change) access and support from Provider for electronic management of changes in processes for safety
management.

 

2. Event Tracking System - Support
and Metric: Access and support from Provider for incident reporting/tracking system. Recipient to continue to be able
to report as well as receive reports, including metrics and weekly, monthly and annual cost of incidents during TSA period.

 

3. Remediation Management:
Support from Honeywell remediation team for remediation at main facilities as well as ongoing Cogentrix Steam site remediation.
This support may require participation and discussion in Recipient internal meetings.

 

4. Transportation Emergency Response:
Access and support from Provider with respect to ChemTek Service for reporting incidents and Transportation ER for coordinating
responses to incidents. Costs incurred by Provider from Chemtrec and Transportation ER, which are allocated to Recipient incidents
will be passed on to Recipient.

 

5. Transportation
Support & Emergency Response: Provider personnel to handle and manage call distribution and response coordination
as well as support for transportation and Department of Transportation regulatory matters. Provider to be available
to monitor Chemtrec calls and support transportation and Department of Transportation questions and concerns as they arise. 

    	S-11

    	

    

	5.	Sales Services 

 

	 	Provider:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Recipient:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Services and Charges:	See Annex 1.	 
	 	 	 	 
	 	Term:

         
	The Sales Service will be provided for up to 3 months from the
    Distribution Date, unless extended or earlier terminated, in whole or in part, with the relevant provisions of this Agreement.	 
	 	 	 	 
	 	Note:	Provider will perform the services described in   the
    Description of Services.	 
	 	 	 	 
	 	 	All of the Services are subject to any and all agreements, contracts
    or commitments Provider has or may have with any third parties.	 

 

Description of Sales Services:

 

1. Car Use for Recipient’s
Sales Team: Use of those certain 12 vehicles owned by Provider that Recipient’s sales team uses as of the Distribution
Date. Recipient may provide 1 months’ written notice to Provider in the event it desires to reduce the number of vehicles
Recipient may use pursuant to this Agreement. The monthly charge for this Service will be reduced in the amount of $2,119 per
month for each vehicle that is no longer in use by Recipient, with such reduction to be effective on a date which is 30 days after
notice of reduction is delivered to Provider. In the event such reduction becomes effective between Provider’s invoices,
the charges for such reduction shall be prorated. Recipient’s employees’ contribution toward such vehicles will be
retained by Recipient and used to offset the costs for this Service.

    	S-12

    	

    

	6.	Product Stewardship Services 

 

	 	Provider:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Recipient:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Services and Charges:	See Annex 1.	 
	 	 	 	 
	 	Term:

         
	The Product Stewardship Services will be provided for up to
    12 months from the Distribution Date, unless extended or earlier terminated, in whole or in part, with the relevant
    provisions of this Agreement.	 
	 	 	 	 
	 	Note:	Provider will perform the services described in   the
    Description of Services.	 
	 	 	 	 
	 	 	All of the Services are subject to any and all agreements, contracts
    or commitments Provider has or may have with any third parties.	 

 

Description of Product Stewardship
Services:

 

1. Reach Registration: Support
to Only Representative in use of or access to REACH European registration system for sharing/accessing information regarding toxicity.

    	S-13

    	

    

	7.	Operations & Manufacturing Services 

 

	 	Provider:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Recipient:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Services and Charges:	See Annex 1.	 
	 	 	 	 
	 	Term:

         
	The Operations and Manufacturing Services will be provided for
    up to 6 months from the Distribution Date, unless otherwise provided herein, or unless extended or earlier terminated, in
    whole or in part, with the relevant provisions of this Agreement.	 
	 	 	 	 
	 	Note:	Provider will perform the services described in   the
    Description of Services.	 
	 	 	 	 
	 	 	All of the Services are subject to any and all agreements, contracts
    or commitments Provider has or may have with any third parties.	 

 

Description of Operations &
Manufacturing Services:

 

1. OT S&N General Support
of Other OT Systems and Networks: Provide services in connection with: (A) Process Historian, Uniformance Process Studio,
Remote Connectivity and other Basic OT Applications, and design, deploy, and provide day-to-day support and renewal of appropriate
processes for managing the above described applications over their respective life-cycles, and provide services in connection
with performance measurement of the above described applications, and implementation of upgrades, troubleshooting, root cause
analysis and optimization of basic applications, and providing general technical support for the above-listed technologies, (B)
OT Wireless Technology, including day-to-day support of existing wireless systems integral to the process control infrastructure
of the site (One Wireless) and implementation of upgrades, troubleshooting, root cause analysis and optimization of OS software,
(C) small control platforms, including configuring small Provider controllers and related computing devices, such as HC-900 and
MasterLogic, preparing graphic displays and deployment of Human Machine Interfaces (HMI) for small controllers and assisting start-up
and commissioning of sub-systems and devices controlled by small controllers and (D) training activities to Recipient in connection
with each of the aforementioned services.

 

2. OT
S&N Process Control Optimization and Advanced Applications: Provide services
in connection with : (A) Process Variability Reduction (PVR), including planning and implementation of short-term and long-term
work for PVR activities and for optimization of production processes through use of process control technology, which may include:
identification of variability, testing of loop performance, loop tuning, instrument calibration and conditioning and other related
variability reduction activities, (B) process optimization, including identification of opportunities for the 

    	S-14

    	

    

deployment of intermediate and advanced
process control applications in existing manufacturing plants, and scoping, design, implementation and optimization of new control
applications for the manufacturing processes, using their existing automation platform, (C) Advanced Process Control (APC) Applications,
including evaluating the economic benefits of advanced process control applications such as Multivariate Controls, Fuzzy Logic,
Neural-Networks-based and other advanced control technologies; identifying necessary tasks and estimation of effort required to
deploy APC; configuring and installing of APC’s; tuning of APC appropriate parameters for optimal performance; and monitoring
of APC for continuous delivery of expected operational metrics, and (D) training activities to Recipient in connection with each
of the aforementioned services.

 

3. OT
S&N Capital Projects and Automation Step-Change Support: Provide services in
connection with (A) basic engineering, including defining needs, evaluating alternatives and selection of all instrumentation
devices, control strategies and infrastructure used to monitor and control new engineering systems, machinery and manufacturing
processes, (B) detailed engineering, including design, installation, commissioning, optimization and continuous support of automation
infrastructure used to monitor and control new engineering systems, machinery and manufacturing processes, which may include:
(i) defining control strategies for continuous chemical processes: distillation columns, reactors, boilers, and similar processes,
(ii) configuring of Distributed Control Systems (DCS) and related computing devices, (iii) preparing graphic displays and deployment
of Human Machine Interfaces (HMI), (iv) continually optimizing the automation platform and systems to ensure process operations
are conducted automatically to the full extent of their capabilities, and (v) training activities to Recipient in connection with
each of the aforementioned services.

 

4. OT
S&N Safety Engineering Services: Hazard Analysis, Risk Identification, Design of Safety Instrumented Systems Including Deployment
and Life-Cycle Support: Provide services in connection with: (A) participating in
teams tasked with the performance of hazardous operations analysis (HAZOP), process hazard analysis (PHA) and layers of protection
analysis (LOPA) and generate guidance for the determination of appropriate automation-based mitigating remedies; (B) providing
technical knowledge with respect to required safety automation codes and regulations applicable to manufacturing facilities and
guide Recipient to achieve compliance, (C) preparing and managing organizational know-how documentation (standards and best engineering
practices) on the design, implementation, testing and validation of all life-cycle activities associated with safety automation
systems, (D) allocating appropriate safety layers for process risks identified in hazard analysis, through the definition of Instrumented
Protective Functions (IPF) and Safety Instrumented Functions (SIF), (E) performing engineering calculations for the determination
of Safety Integrity Levels (SIL) and analysis of optimal risk-reduction alternatives, (F) documenting the capture all required
specifications of the safety layers of the automation systems: functional logic, reliability of devices, SIL calculations, testing
procedures, protocols for installation, commissioning and validation, (G) providing technical expertise on scoping and estimation
of safety automated systems to capital projects throughout all their development phases, (H) developing applications (programming)
of safety-related logic, design and implement integration with Distributed Control Systems (DCS) and Human-Machine Interfaces
(HMI), provide commissioning services and lead testing and validation activities for Safety Instrumented Systems (SIS), (I) delivering
conceptual and detailed design of SIS fully compliant with IEC 61508 and 61511 standards (ANSI/ISA 84), including field instruments,
actuators, logic solvers and interfaces to other systems, and (J) training activities to Recipient in connection with each of
the aforementioned services.

 

5. OT
S&N Process Controls Systems and Network Administration and Security: Provide
services in connection with: (A) access control, including managing Recipient’s employees who are authorized to access,
operate, and modify the following system computing components of Recipient: firewalls, gateways, switches, servers, workstations,
and similar components, and the means to authenticate users and validate such users’ privileges, (B) change management,
including controlling 

    	S-15

    	

    

administrative and technical procedures
for implementing modifications, upgrades, additions and deletions of all system components, with modifications concerning hardware,
operating and configuration system software, third party software and documentation, (C) back-up and recovery, including organizing
and implementing all activities required to ensure that system software, application software, configuration parameters and critical
process data can be retrieved in the event of system faults, and be fully functional in the least amount of time possible, (D)
data integrity, including managing all ancillary systems required to guarantee that the automation information is available as
needed (e.g., UPS, encryption servers, anti-virus, patches and software version updates, and all other security activities, (E)
performance monitoring, including managing all activities required to determine the operational conditions of the following system
elements: CPU utilization, cache utilization, number of transactions, job waiting times, disk capacity utilization, system error
messages, network traffic and load, I/O load, alarms, and similar system elements, (F) performance delivery, including confirming
that the system delivers the availability and reliability required by the users, and that the expected performance does not degrade
over time, which may require troubleshooting, root cause analysis, implementation of fixes and day-to-day improvement, and (G)
training activities to Recipient in connection with each of the aforementioned services.

 

6. Estimation
Support: Provide estimating function and Recipient’s continued access to such
support.

 

7. AdvanSix Discipline Engineering
Plant: Provide discipline engineering at a baseline level of support primarily in connection with plant maintenance and
reliability functions.

 

8. Process
Safety Consulting: Provide process safety strategy and methodology consulting, and
support for release modeling training and validation.

 

9. Honeywell
China GMS: Cause an engineer employed by Provider to be reasonable available in connection
with certain projects, including HPW ATS and sulfite production projects, through completion of Global Mobility Services (GMS)
assignment. The duration of the Honeywell China GMS service shall not exceed the limitations of current visa arrangements with
GMS.

    	S-16

    	

    

	8.	Procurement Services

 

	 	Provider:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Recipient:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Services
    and Charges:	See Annex
    1.	 
	 	 	 	 
	 	Term:	The
    Procurement Services will be provided for up to 6 months from the Distribution Date, except to the extent another period is
    expressly specified herein, or unless extended or earlier terminated, in whole or in part, with the relevant provisions of
    this Agreement.	 
	 	 	 	 
	 	Note:	Provider will perform
    the services described in the Description of Services.	 
	 	 	 	 
	 	 	All of the Services
    are subject to any and all agreements, contracts or commitments Provider has or may have with any third parties.	 

 

Description of Procurement Services:

 

1. Contractor Qualification System
- ISNET World: Use of system for determining whether contractors meet the qualifications for to perform work on-site.

 

2. Competitive Bidding - Ariba E-Sourcing
Events and E-Auction: For 18 months following the Distribution Date, support by Provider personnel to facilitate use of
system that allows procurement team to e-source suppliers, including dissemination of requests for quotes or requests for proposals
and e-auction platform for response to such requests.

 

3. Master Data Management (Buyer
Support and Reporting): For 24 months following the Distribution Date, support via Provider’s procurement team handling
all procurement data in IT applications, including internally maintained data and data maintained in Ariba. Additional support
via Provider’s general buyer support team will be provided to the main procurement personnel of Recipient. Provider will
supply Recipient with supplier-quality reporting metrics and associated reports for Recipient’s sites and suppliers.

    	S-17

    	

    

	9.	Customer Support Services

 

	 	Provider:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Recipient:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Services
    and Charges:	See Annex
    1.	 
	 	 	 	 
	 	Term:	The
    Customer Support Services will be provided for up to 6 months from the Distribution Date, except to the extent another period
    is expressly specified herein, or unless extended or earlier terminated, in whole or in part, with the relevant provisions
    of this Agreement.	 
	 	 	 	 
	 	Note:	Provider will perform
    the services described in the Description of Services.	 
	 	 	 	 
	 	 	All of the Services
    are subject to any and all agreements, contracts or commitments Provider has or may have with any third parties.	 

 

Description of Customer Support
Services:

 

1. Customer Service Staffing:
Provider’s customer service support based in Mexico will perform standard work-order to cash processes, including server
testing. Additionally, such customer service support will train 5.7 full time equivalent employees of Recipient. As such full
time equivalent employees, or any portion thereof, receives sufficient training, as Recipient determines, in its commercially
reasonable discretion, the charges associated with such training will be reduced by $6,246.03 for each full time equivalent employee
that has been sufficiently trained, or any portion thereof; provided, however, such reduction shall only take effect after Recipient
delivers one months’ notice of such sufficient training to Provider.

 

2. Customer Support Master Data:
Provider to provide SAP modular master data support for Recipient’s customer information, with Provider to make changes
to customer data and customer pricing, and train Recipient’s customer service representatives in connection with changing
customer data and customer pricing.

    	S-18

    	

    

	10.	Supply Chain / Logistics Services

 

	 	Provider:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Recipient:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Services
    and Charges:	See Annex
    1.	 
	 	 	 	 
	 	Term:	The
    Supply Chain / Logistics Services will be provided for the period provided herein, unless extended or earlier terminated,
    in whole or in part, in accordance with the relevant provisions of this Agreement.	 
	 	 	 	 
	 	 	All
    of the Services are subject to any and all agreements, contracts or commitments Provider has or may have with any third parties.	 

 

Description of Supply Chain / Logistics
Services:

 

1. Regulatory Compliance for Transportation:
For a period of 12 months beginning on the Distribution Date, provide regulatory oversight related to transportation compliance
for Recipient’s private fleets (which include shipments by truck, rail or vessel). Services include obtaining and maintaining
HAZMAT and DOT registrations for private fleets, maintaining necessary information in the Environmental Health and Safety module
of SAP to support Recipient’s needs regarding transportation of dangerous goods, and educating Recipient with respect to
any developments in regulations or policies relating to Recipient’s transportation. Such services may be provided by Provider
or Currie Associates. Provider will manage the relationship between Recipient and Currie Associates.

 

2. Private Fleet Compliance:
For a period of 6 months of the Distribution Date, subject to Provider’s contract with JJKeller, Provider will maintain
and manage its contractual relationship with JJKeller such that JJKeller will continue to provide Recipient with private fleet
compliance services and support.

    	S-19

    	

    

	11.	Legal / Contracts Services

 

	 	Provider:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Recipient:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

 

	 	Services
    and Charges:	See Annex
    1.	 
	 	 	 	 
	 	Term:	The
    Legal / Contracts Services will be provided for up to 18 months from the Distribution Date, or unless extended or earlier
    terminated, in whole or in part, with the relevant provisions of this Agreement.	 
	 	 	 	 
	 	Note:	1. Provider will perform the
        services described in the Description of Services.

         

        2. All services are subject to
        any licensing and/or other restrictions imposed on Honeywell by software vendors, and all of the Services are subject
        to any and all agreements, contracts or commitments Provider has or may have with any third parties.

	 

 

Description of Legal/Contracts Services:

 

1. Passport: Use of Passport
platform, including legal matter management and legal spend management applications.

 

2. Thomson Reuter IP Manager:
Use of system (or assistance via Honeywell user), including patent and trademark docketing, filing and prosecution progress/timelines
and tracking of patent and trademark related payments.

 

3. WIDS: Use of system for
preparing, documenting and filing invention disclosure statements.

 

4. HIPI: Use of system,
including virtual file room for determining internal use of existing aging patents and offering for licensing to third-parties,
and tracking licensing fees and income.

    	S-20

    	

    
Annex 1 to Schedule A 

 

Services and Charges

 

	Service	Monthly
    Billing

    Amount

    

    (in US Dollars)	Applicable
    Notes 

    

    (All Monthly Billing

    Amounts Stated Herein

    Are Fixed Amounts,

    Unless Otherwise

    Stated}
	                                   	 	 
	Enterprise
    IT Services:	 	 
	1.
    AH Backup	$983.30	 
	2.
    AH Backup – Core	$7,686.16	 
	3.
    AH Cloud 	$74.22	 
	4.
    AH Cloud – Connected Platform – Core	$1,942.50	 
	5.
    AH Hardware Lease	$7,369.61	 
	6.
    AH Hardware Maintenance	$3,161.17	 
	7.
    AH IAM – Core 	$12,687.70	Variable
    and Dependent Costs
	8.
    AH IMAC	$626.26	 
	9.
    AH Other	$17,393.29	 
	10.
    AH SAP Basis Support	$20,377.27	 
	11.
    AH Shared Hosting	$2,604.23	 
	12.
    AH Software Maintenance	$52,769.87	 
	13.
    AH Storage	$2,020.03	 
	14.
    AH Storage – GFS Core	$4,994.81	 
	15.
    AH Storage – Storage Core	$11,469.09	 
	16.
    AH Support	$7,035.62	 
	17.
    CS Collaboration Support	$3.37	Variable
    and Dependent Costs
	18.
    CS EVAN	$688.15	 
	19.
    CS Hardware Lease	$17.47	 
	20.
    CS Hardware Maintenance	$310.46	 
	21.
    CS LEC	$805.31	 
	22.
    CS Long Distance	$461.28	 
	23.
    CS MACD	$570.71	 
	24.
    CS Other	$78.12	 
	25.
    CS Wireless LAN – Core 	$1,291.00	 
	26.
    DT Desktop Support	$1,370.71	Variable
    and Dependent Costs

    	S-21

    	

    

	27.
    DT Hardware Lease	$915.53	Variable
    and Dependent Costs
	28.
    DT Printer Services	$718.10	 
	29.
    HD Helpdesk Calls	$83.88	Variable
    and Dependent Costs
	30.
    HD Helpdesk Calls – Core 	$1,693.94	Variable
    and Dependent Costs
	31.
    Honeywell Connected Person	$2,212.79	Variable
    and Dependent Costs
	32.
    Security Other – DLP Core	$3,814.27	 
	33.
    Security Other – Firewall Core	$9,613.30	 
	34.
    SS Cellular	$3.12	Variable
    and Dependent Costs
	35.
    SS PDA	$529.44	Variable
    and Dependent Costs
	36.
    SAP, BW,  Non-ERP Support	$47,655.04	 
	37.
    SAP, BW,  Non-ERP Support – Clone Addition	$19,985.00	 
	38.
    SAP, BW, Optivision – Clone Addition	$55,785.86	 
	39.
    SAP and Oracle  L&M	$26,687.50	 
	40.
    Non-ERP Applications L&M	$69,886.25	 
	41.
    Site Support	$56,000.00	 
	42.
    Technical Support from PMT Service Delivery 	$53,382.00	 
	43.
    Depreciation of Software Assets	$78,225.00	 
	44.
    ERP (O2C, P2P, SIOP, Financials, EH&S, PM, PS) Applications (including SAP, APO-DP, SAP PI, HP QC, Autosys, Elemica, Specification
    Database, SDS, DG, GLM, REACH, TSCA CDR, OSHA RMP, DHS CFATS, EHS, MSDS, Web Interface), ERP Analytics Applications (including
    SAP BW HANA, SAP Business Objects, SAP BEX)	$126,874.97	 
	45.
    Commercial and Digital Customer Applications (including Salesforce.com, Marketing Websites on Rackspace, ROSI mobile app,
    Easy Maintenance mobile app, JDET Pricing Analysis DB)	$26,250.00	 
	46.
    EH&S Applications Non-SAP (including 3E Ariel, IHS Essentials 7.5 Suite, Impact ERM, PAIR (Sharepoint CAPA Site), IHS  Stature,
    OHM, LeakDas, TIPP, Safer Trace, Safer Realtime, Chemical Lookup Tool)	$4,375.04	 
	47.
    Manufacturing and Engineering Non-SAP Applications (including  Accolade, Aspen, Autodesk Suite (ACAD Mechanical,
    Inventor, Navisworks, Robot), Integraph suite (ICAS, InTools, PVElite, CADWorx, Tank, Caesar2, SmartPlant, MathCAD), Chemdoodle,
    ChemDraw, CHF Packout, MESF, Lactam Tracker, EMOC, Hopewell SQL LIMS 5.1, Chestefield SQL LIMS 5.1, Frankford SQL LIMS 5.1,
    Hopewell COA, LIMSLINK, BlueCielo Meridian, Meridium, NWA Quality Analyst, Pipeflo, PRVSuite, Unisim Design R410, Railcar
    Tracking, Railtrac, Yardmaster, Weighmaster, ITS Mobile (SAP), Vendor Qualification system, Apollo RCCA, Vocollect, ADCA,
    Optivision)	$28,000.04	 

    	S-22

    	

    

	48.
    Time and Attendance Applications (including  Kronos)	$2,625.00	 
	49.
    Trade Compliance Applications (Amber Road)	$437.54	 
	50.
    Financial Reporting Applications (including (HFM) Licenses	$936.25	 
	51.
    Environment, Health and Safety Applications (including ETS)	$218.72	 
	52.
    Procure to Pay Applications (including Dolphin, KOFAX, pCards)	$6,851.25	 
	53.
    Order to Cash Applications (including Autobank, FCSM)	$11,777.50	 
	54.
    Financial and Tax Applications (including SAP Global Risk and Compliance, CCH Tax Research, HFM Flex, Reuters, vAT T&E,
    e-Rec)	$39,690.00	 
	55.
    Knowledge Management Applications (including Documentum, Sharepoint, Nintex Forms and Workflow)	$9,652.39	 
	56.
    [Procurement Applications (including TrackVia, DNB Supplier Risk Manager, Digital Forms, Remedy Tickets)]	[TBD]	 
	57.  Recipient
    Infrastructure Costs	$117,254.17*	 
	 	 	 
	Total
    Enterprise IT Services	$960,925.57	 
	 	 	 
	*
    Recipient Infrastructure Costs Break-Down ( Recipient will be billed directly by Provider for the items listed below, in
    addition to any items listed in the above services and charges table for Enterprise IT Services):	 	 
	A.
    CS Collaboration Support	$44.49	Variable
    and Dependent Costs
	B.
    DT Desktop Support	$21,684.60	Variable
    and Dependent Costs
	C.
    DT Hardware Lease	$24,223.82	Variable
    and Dependent Costs
	D.
    DT Hardware Purchases	$78.75	Variable
    and Dependent Costs
	E.
    HD Helpdesk Calls	$2,298.45	Variable
    and Dependent Costs
	F.
    Provider Connected Person	$4,406.78	Variable
    and Dependent Costs
	G.
    SS Air Card	$1,050.74	Variable
    and Dependent Costs
	H.
    SS Calling Cards	$15.75	Variable
    and Dependent Costs
	I.
    SS Cellular	$477.75	Variable
    and Dependent Costs
	J.
    SS Pagers	$151.20	Variable
    and Dependent Costs
	K.
    SS PDA	$13,255.80	Variable
    and Dependent Costs
	L.
    AH Backup	$909.30	 
	M.
    AH Hardware Lease	$17,289.30	 
	N.
    AH Hardware Maintenance	$86.10	 
	O.
    AH IMAC	$337.05	 
	P.
    AH Other	$87.50	 

    	S-23

    	

    

	Q.
    AH Support	$562.80	 
	R.
    CS Depreciation/Amortization	$211.05	 
	S.
    CS EWAN	$853.13	 
	T.
    CS Hardware Lease	$780.15	 
	U.
    CS Hardware Maintenance	$1,410.15	 
	V.
    CS LEC	$6,418.77	 
	W.
    CS Long Distance	$2,833.95	 
	X.
    CS MACD	$843.15	 
	Y.
    CS Other	$3,544.62	 
	Z.
    DT Printer Services	$13,399.05	 
	 	 	 
	Human
    Resources Services:	 	 
	1.
    Payroll	$19,891.20	 
	2.
    Staffing: US Direct Hire	$47,250.00	 
	3.
    Healthcare & Welfare Programs	$12,765.90	 
	4.
    Peoplesoft	$17,772.30	 
	5.
    Learning Hub Access	$8,610.00	 
	 	 	 
	Total
    Human Resource Services	$106,289.40	 
	 	 	 
	Financial
    Services:	 	 
	1.
    Travel & Expense Processing	$610.05	 
	2.
    Customer-to-Cash Services	$16,322.25	 
	3.
    Procure-to-Pay Services 	$19,013.40	 
	4.
    Record-to-Report Services	$19,337.85	 
	5.
    Cash Applications	$3,499.65	 
	6.
    Accounting-to-Reporting Services	$31,500.00	 
	7.
    Financial Planning and Analysis	$2,625.00	 
	Total
    Financial Services 	$92,908.20	 
	 	 	 
	Health,
    Safety & Environment Services:	 	 
	1.
    eMOC Software and Support	$787.50	 
	2.
    Event Tracking System – Support and Metric	$1,575.00	 
	3.
    Remediation Management	$1,155.00	 
	4.
    Transportation Emergency Response	$787.50	 
	5.
    Transportation Support & Emergency Response (Honeywell) Resource Support	$0.00*	Variable

    	S-24

    	

    

	 	 	 
	Total
    Health, Safety & Environment Services 	$4,305.00	 
	*
                                                                                                                                                  Third-party
                                                                                                                                                  vendor
                                                                                                                                                  bills
                                                                                                                                                  Provider
                                                                                                                                                  per-incident;
                                                                                                                                                  Provider
                                                                                                                                                  will
                                                                                                                                                  charge-back
                                                                                                                                                  Recipient
                                                                                                                                                  for
                                                                                                                                                  the
                                                                                                                                                  cost
                                                                                                                                                  of
                                                                                                                                                  such
                                                                                                                                                  services
                                                                                                                                                  as
                                                                                                                                                  such
                                                                                                                                                  services
                                                                                                                                                  are
                                                                                                                                                  incurred.

         
	 	 
	Sales
    Services:	 	 
	1.
    Sales Team Company Cars	$26,698.35	 
	 	 	 
	Total
    Sales Services 	$26,698.35	 
	 	 	 
	Product
    Stewardship Services:	 	 
	1.
    Reach Registration	$1,155.00	 
	 	 	 
	Total
    Product Stewardship Services 	$1,155.00	 
	 	 	 
	Operating
    & Manufacturing Services:	 	 
	1.
    OT S&N General Support of Other OT Systems and Networks	$0.00*	 
	2.
    OT S&N Process Control Optimization and Advanced Applications	$0.00*	 
	3.
    OT S&N Capital Projects and Automation Step-Change Support	$0.00*	 
	4.
    OT S&N Safety Engineering Services: Hazard Analysis, Risk Identification, Design of Safety Instrumented Systems Including
    Deployment and Life-Cycle Support	$0.00*	 
	5.
    OT S&N Process Controls Systems and Network Administration and Security	$0.00*	Variable
	6.
    Estimation Support	$0.00*	 
	7.
    AdvanSix Discipline Engineering Plant Support	$0.00*	Variable
	8.
    Process Safety Consulting	$0.00*	Variable
	9.
    Honeywell China GMS	$0.00**	Variable
	 	 	 
	Total
    Operating & Manufacturing Services 	$   0.00	 
	*Billed
    on a $122.85 per hour basis.	 	 
	**Billed
    on a $90.30 per hour basis, plus any charges, costs or fees relating to the national status of any of Provider’s employees.	 	 

    	S-25

    	

    

	Procurement
    Services:	 	 
	1.
    Contractor Qualification System – ISNET World	$4,200.00	 
	2.
    Competitive Bidding – Ariba E-Sourcing Events and E-Auction	$5,407.50	 
	3.
    Master Data Management, Buyer Support and Reporting	$7,507.50	 
	 	 	 
	Total
    Procurement Services 	$17,115.00	 
	 	 	 
	Customer
    Support Services:	 	 
	1.
    Customer Support Master Data	$4,590.60	 
	2.
    Customer Service Staffing	$32,791.50	 
	 	 	 
	Total
    Customer Support Services 	$37,382.10	 
	 	 	 
	Supply
    Chain / Logistics Services:	 	 
	1.
    Regulatory Compliance For Transportation	$5,888.40	 
	2.
    Private Fleet Compliance	$1,092.00	 
	 	 	 
	Total
    Supply Chain/Logistics Services 	$6,980.40	 
	 	 	 
	Legal
    / Contracts Services:	 	 
	1.
    Passport Legal Billing and Matter Management	$945.00	 
	2.
    Thompson Reuter IP Manager	$157.50	 
	3.
    WIDS	$157.50	 
	4.
    HIPI Virtual File Room	$420.00	 
	 	 	 
	Total
    Legal / Contracts Services 	$1,680.00	 
	 	 	 
	 	 	 

    	S-26

    	

    
Schedule B

 

Transition Services
to be Provided by AdvanSix

 

	1.	Operations
    & Manufacturing Services
	 	 	 
	 	Provider:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:
	 	 	 
	 	Recipient:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:
	 	 	 

	 	Services
    and Charges:	See
    Annex 1.	 
	 	 	 	 
	 	Term:	The
    Operations / Manufacturing Services will be provided for up to 6 months from the Distribution Date, except to the extent that
    another period is expressly specified herein, or unless extended or earlier terminated, in whole or in part, in accordance
    with the relevant provisions of this Agreement.	 
	 	 	 	 
	 	Note:	Provider
    will perform the services described in   the Description of Services.	 

 

Description of Operations &
Manufacturing Services:

 

	1.
    Energy & Sustainability Program Management:  Provide Energy and Sustainability Program Management
    support and services. Such support and services will be provided by Keith Togna, an employee of Provider.
	 
	2. Simulation
    Services:  Provide Simulation Services and support. Such services and support will be provided by Jay Khare,
    an employee of Provider.
	 
	3.
    Support for Advanced Materials (AM), Orange Site and China Projects:  Provide support for SP, Orange
    Site and China projects. Such support will be provided by Greg Cleotelis, with respect to general project, technical and permitting
    support at the Orange Site, and Adam Schuette, with respect to completing open Advanced Materials projects, including the
    Air Separation Module Project startup, phase 2 processes, and other Packaging and Composites packages. Each of Greg Cleotelis
    and Adam Schuette are employees of Provider.
	 
	4. Discipline
    Engineering Support:  Provide discipline engineering support in connection with non-Provider Recipient projects
    and Provider will train and transition Recipient and Recipient’s employees to perform such support services on and after
    the Distribution Date. Such support shall be provided by Ken Twigg, Karold Loiterman, and Nitin Jasani, who are employees
    of Provider.

    	S-27

    	

    

	5.
    Project Controls Support:  Provide Project Controls support and services in connection with non-Provider
    Recipient projects and Provider will train and transition Recipient and Recipient’s employees to perform such support
    services on and after the Distribution Date. Such support shall be provided by Darlene Hilt, Tammy Bobeau, Carrie Bouchee
    and Beverly Clarke, who are employees of Provider.
	 
	6. OT
    S&N General Support of Other OT Systems and Networks:  Provide services in connection with: (A) Process
    Historian, Uniformance Process Studio, Remote Connectivity and other Basic OT Applications, and design, deploy, and provide
    day-to-day support and renewal of appropriate processes for managing the above described applications over their respective
    life-cycles, and provide services in connection with performance measurement of the above described applications, and implementation
    of upgrades, troubleshooting, root cause analysis and optimization of basic applications, and providing general technical
    support for the above-listed technologies, (B) OT Wireless Technology, including day-to-day support of existing wireless systems
    integral to the process control infrastructure of the site (One Wireless) and implementation of upgrades, troubleshooting,
    root cause analysis and optimization of OS software, (C) small control platforms, including configuring small Provider controllers
    and related computing devices, such as HC-900 and MasterLogic, preparing graphic displays and deployment of Human Machine
    Interfaces (HMI) for small controllers and assisting start-up and commissioning of sub-systems and devices controlled by small
    controllers and (D) training activities to Recipient in connection with each of the aforementioned services.
	 
	7. OT
    S&N Process Control Optimization and Advanced Applications: Provide services in connection with : (A) Process
    Variability Reduction (PVR), including planning  and implementation of short-term and long-term work for PVR activities
    and for optimization of production processes through use of process control technology, which may include: identification
    of variability, testing of loop performance, loop tuning, instrument calibration and conditioning and other related variability
    reduction activities, (B) process optimization, including identification of opportunities for the deployment of intermediate
    and advanced process control applications in existing manufacturing plants, and scoping, design, implementation and optimization
    of new control applications for the manufacturing processes, using their existing automation platform, (C) Advanced Process
    Control (APC) Applications, including evaluating the economic benefits of advanced process control applications such as Multivariate
    Controls, Fuzzy Logic, Neural-Networks-based and other advanced control technologies; identifying necessary tasks and estimation
    of effort required to deploy APC; configuring and installing of APC’s; tuning of APC appropriate parameters for optimal
    performance; and monitoring of APC for continuous delivery of expected operational metrics, and (D) training activities to
    Recipient in connection with each of the aforementioned services.
	 
	8. OT
    S&N Capital Projects and Automation Step-Change Support: Provide services in connection with (A) basic engineering,
    including defining needs, evaluating alternatives and selection of all instrumentation devices, control strategies and infrastructure
    used to monitor and control new engineering systems, machinery and manufacturing processes, (B) detailed engineering, including
    design, installation, commissioning, optimization and continuous support of automation infrastructure used to monitor and
    control new engineering systems, machinery and manufacturing processes, which may include: (i) defining control strategies
    for continuous chemical processes: distillation columns, reactors, boilers, and similar processes, (ii) configuring of Distributed
    Control Systems (DCS) and related computing devices, (iii) preparing graphic displays and deployment of Human Machine Interfaces
    (HMI), (iv) continually optimizing the automation platform and systems to ensure process operations are conducted automatically
    to the full extent of their capabilities, and (v) training activities to Recipient in connection with each of the aforementioned
    services.
	 
	9. OT
    S&N Safety Engineering Services: Hazard Analysis, Risk Identification, Design of Safety

    	S-28

    	

    

	Instrumented Systems Including
        Deployment and Life-Cycle Support: Provide services in connection with: (A) participating in teams tasked with
        the performance of hazardous operations analysis (HAZOP), process hazard analysis (PHA) and layers of protection analysis
        (LOPA) and generate guidance for the determination of appropriate automation-based mitigating remedies; (B) providing
        technical knowledge with respect to required safety automation codes and regulations applicable to manufacturing facilities
        and guide Recipient to achieve compliance, (C) preparing and managing organizational know-how documentation (standards
        and best engineering practices) on the design, implementation, testing and validation of all life-cycle activities associated
        with safety automation systems, (D) allocating appropriate safety layers for process risks identified in hazard analysis,
        through the definition of Instrumented Protective Functions (IPF) and Safety Instrumented Functions (SIF), (E) performing
        engineering calculations for the determination of Safety Integrity Levels (SIL) and analysis of optimal risk-reduction
        alternatives, (F) documenting the capture all required specifications of the safety layers of the automation systems:
        functional logic, reliability of devices, SIL calculations, testing procedures, protocols for installation, commissioning
        and validation, (G) providing technical expertise on scoping and estimation of safety automated systems to capital projects
        throughout all their development phases, (H) developing applications (programming) of safety-related logic, design and
        implement integration with Distributed Control Systems (DCS) and Human-Machine Interfaces (HMI), provide commissioning
        services and lead testing and validation activities for Safety Instrumented Systems (SIS), (I) delivering conceptual and
        detailed design of SIS fully compliant with IEC 61508 and 61511 standards (ANSI/ISA 84), including field instruments,
        actuators, logic solvers and interfaces to other systems, and (J) training activities to Recipient in connection with
        each of the aforementioned services.

	 
	10. OT
    S&N Process Controls Systems and Network Administration and Security: Provide services in connection with: (A)
    access control, including managing Recipient’s employees who are authorized to access, operate, and modify the following
    system computing components of Recipient: firewalls, gateways, switches, servers, workstations, and similar components, and
    the means to authenticate users and validate such users’ privileges, (B) change management, including controlling administrative
    and technical procedures for implementing modifications, upgrades, additions and deletions of all system components, with
    modifications concerning hardware, operating and configuration system software, third party software and documentation, (C)
    back-up and recovery, including organizing and implementing all activities required to ensure that system software, application
    software, configuration parameters and critical process data can be retrieved in the event of system faults, and be fully
    functional in the least amount of time possible, (D) data integrity, including managing all ancillary systems required to
    guarantee that the automation information is available as needed (e.g., UPS, encryption servers, anti-virus, patches and software
    version updates, and all other security activities, (E) performance monitoring, including managing all activities required
    to determine the operational conditions of the following system elements: CPU utilization, cache utilization, number of transactions,
    job waiting times, disk capacity utilization, system error messages, network traffic and load, I/O load, alarms, and similar
    system elements, (F) performance delivery, including confirming that the system delivers the availability and reliability
    required by the users, and that the expected performance does not degrade over time, which  may require troubleshooting,
    root cause analysis, implementation of fixes and day-to-day improvement, and (G) training activities to Recipient in connection
    with each of the aforementioned services.

    	S-29

    	

    

	2.	Procurement Services
	 	 	 
	 	Provider:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:
	 	 	 
	 	Recipient:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:
	 	 	 

	 	Services
    and Charges:	See
    Annex 1.	 
	 	 	 	 
	 	Term:	The
    Procurement Services will be provided for up to 1 month from the Distribution Date, except to the extent that another period
    is expressly specified herein, or unless extended or earlier terminated, in whole or in part, in accordance with the relevant
    provisions of this Agreement.	 
	 	 	 	 
	 	Note:	Provider
    will perform the services described in   the Description of Services.	 

 

Description of Procurement Services:

 

	1.
    Colonial Heights Natural Gas Supply:  Administration of existing shared gas supply agreement servicing
    Recipient’s Colonial Heights location. Additionally, Provider will be responsible for such location’s receipt
    of appropriate gas supply, which shall be consistent with the gas supply provided to such location prior to the Distribution
    Date, and Provider will promptly pay any and all invoices relating to such shared gas supply agreement. Such shared gas supply
    agreement currently has an expiration date of October 31, 2016. Recipient will reimburse Provider for a portion of the actual
    costs of natural gas supply to the Colonial Heights location during the Term, consistent with the allocation of actual costs
    of natural gas supply between Recipient and Provider which exist as of the Distribution Date. 

    	S-30

    	

    

	3.	Customer Support  Services
	 	 
	 	Provider:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:
	 	 	 
	 	Recipient:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:
	 	 	 

	 	Services
    and Charges:	See
    Annex 1.	 
	 	 	 	 
	 	Term:	The
    Customer Support Services will be provided for up to 2 months from the Distribution Date, except to the extent that another
    period is expressly specified herein, or unless extended or earlier terminated, in whole or in part, in accordance with the
    relevant provisions of this Agreement.	 
	 	 	 	 
	 	Note:	Provider
    will perform the services described in   the Description of Services.	 

 

Description of Customer Support
Services:

 

	1.
    MARS Project Support:  Provide Recipient with, and make available to Recipient, 1 full time equivalent
    employee of Provider’s Customer Service staff, who will provide taxware support to Recipient in connection with Recipient’s
    MARS project. Recipient may provide written notice to Provider that it no longer requires this Service, and the charges relating
    to this Service shall be prorated.

    	S-31

    	

    

	4.	Supply Chain / Logistics Services
	 	 
	 	Provider:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:
	 	 	 
	 	Recipient:	Honeywell International Inc.
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:
	 	 	 

	 	Services
    and Charges:	See
    Annex 1.	 
	 	 	 	 
	 	Term:	The
    Supply Chain / Logistics Services will be provided for up to 4 months from the Distribution Date, except to the extent that
    another period is expressly specified herein, or unless extended or earlier terminated, in whole or in part, in accordance
    with the relevant provisions of this Agreement.	 
	 	 	 	 
	 	Note:	Provider
    will perform the services described in   the Description of Services.	 

 

Description of Supply Chain / Logistics
Services:

 

	1.
    Rail Procurement:  Provide rail procurement support through Richard Dodd (“Dodd”),
    an employee of Provider, and former employee of Recipient. Dodd will complete all of Recipient’s rail procurement work,
    as assigned by Recipient, and Dodd will train any of Recipient’s employees that are engaged to perform rail procurement
    support, or similar work, after the expiration of the Term.

    	S-32

    	

    

Annex 1 to Schedule B

 

Services and Charges

 

	Service	Monthly
    Billing

    Amount

    

    (in US Dollars)	Applicable
    Notes
	 	 	 
	Operating
    & Manufacturing Services:	 	 
	1.
    Energy & Sustainability	$0.00*	 
	2.
    Simulation Services	$0.00*	 
	3.
    Support for Advanced Materials (AM), Orange Site and China Projects	$0.00*	 
	4.
    Discipline Engineering Support	$0.00*	 
	5.
    Project Controls Support	$0.00*	 
	6.
    OT S&N General Support of Other OT Systems and Networks	$0.00*	 
	7.
    OT S&N Process Control Optimization and Advanced Applications	$0.00*	 
	8.
    OT S&N Capital Projects and Automation Step-Change Support	$0.00*	 
	9.
    OT S&N Safety Engineering Services: Hazard Analysis, Risk Identification, Design of Safety Instrumented Systems Including
    Deployment and Life-Cycle Support	$0.00*	 
	10.
    OT S&N Process Controls Systems and Network Administration and Security	$0.00*	 
	 	 	 
	Total
    Operating & Manufacturing Services 	$   0.00	 
	*Variable,
                                                                                                          Billed on a $122.85
                                                                                                          per hour basis.

         
	 	 
	Procurement
    Services:	 	 
	1.
    Colonial Heights Natural Gas Supply	$1,050.00	Variable
	 	 	 
	Total
    Procurement Services 	$1,050.00	 
	 	 	 

    	S-33

    	

    

	 	 	 
	 	 	 
	Customer
    Support Services:	 	 
	1.
    MARS Project Support	$6,558.30	 
	 	 	 
	Total
    Procurement Services 	$6,558.30	 
	 	 	 
	Supply
    Chain / Logistics Services:	 	 
	1.
    Rail Procurement	$4,200.00	 
	 	 	 
	Total
    Supply Chain/Logistics Services 	$4,200.00	 
	 	 	 
	 	 	 

    	S-34

    	

    

Schedule C

 

[Intentionally Omitted]

    	S-35

    	

    

Schedule D

 

[Intentionally Omitted]

    	S-36

    	

    

Schedule E

 

Shared Real Property

 

	 	Provider:	Honeywell International Inc.
	 	 	Global Real Estate
	 	 	21925 Field Parkway, Suite 220
	 	 	Deer Park, Illinois 60010
	 	 	Attention:  Rick Kriva, Vice President
    of Global Real Estate
	 	 	Telephone:
	 	 	 
	 	Recipient:	AdvanSix Resins & Chemicals LLC
	 	 	115 Tabor Road
	 	 	Morris Plains, NJ  07950
	 	 	Attention:
	 	 	Telephone:

	 	Term:	 	The Shared Real
    Property will be provided from 12 months from the Distribution, except to the extent that another period is expressly  specified
    in this Schedule E with respect to any Shared Real Property described below, or unless earlier terminated, in whole
    or in part, in accordance with the relevant provisions of this Agreement. 
	 	 	 	 
	 	Restrictions Applicable
    to the Shared Real Property	 	Recipient’s occupancy
    and use of the Shared Real Property is subject to any rules and restrictions Provider may impose from time to time, in its
    sole discretion (including, without limitation, with respect to use by Recipient and its Personnel of existing employee entrances).
    Further, Provider may restrict Recipient from occupying or using any part of any Shared Real Property described below if Provider
    determines, in its sole discretion, that such restriction is reasonably necessary for the conduct of Provider’s business.

 

Shared Real Property to be provided by Honeywell to
AdvanSix:

 

		●	Continued
                                                                                                                                                                                             occupancy
                                                                                                                                                                                             of,
                                                                                                                                                                                             and
                                                                                                                                                                                             access
                                                                                                                                                                                             to,
                                                                                                                                                                                             certain
                                                                                                                                                                                             portions
                                                                                                                                                                                             Provider’s
                                                                                                                                                                                             Morris
                                                                                                                                                                                             Plains,
                                                                                                                                                                                             New
                                                                                                                                                                                             Jersey
                                                                                                                                                                                             location,
                                                                                                                                                                                             commonly
                                                                                                                                                                                             known
                                                                                                                                                                                             as
                                                                                                                                                                                             115
                                                                                                                                                                                             Tabor
                                                                                                                                                                                             Road,
                                                                                                                                                                                             Morris
                                                                                                                                                                                             Plains,
                                                                                                                                                                                             NJ,
                                                                                                                                                                                             including
                                                                                                                                                                                             continued
                                                                                                                                                                                             access
                                                                                                                                                                                             to
                                                                                                                                                                                             all
                                                                                                                                                                                             of
                                                                                                                                                                                             the
                                                                                                                                                                                             “Common
                                                                                                                                                                                             Areas”,
                                                                                                                                                                                             as
                                                                                                                                                                                             designated
                                                                                                                                                                                             by
                                                                                                                                                                                             Provider,
                                                                                                                                                                                             in
                                                                                                                                                                                             each
                                                                                                                                                                                             case,
                                                                                                                                                                                             solely
                                                                                                                                                                                             for
                                                                                                                                                                                             use
                                                                                                                                                                                             as
                                                                                                                                                                                             Recipient’s
                                                                                                                                                                                             headquarters.
                                                                                                                                                                                             Recipient’s
                                                                                                                                                                                             right
                                                                                                                                                                                             to
                                                                                                                                                                                             occupy
                                                                                                                                                                                             and
                                                                                                                                                                                             access
                                                                                                                                                                                             Provider’s
                                                                                                                                                                                             Morris
                                                                                                                                                                                             Plains
                                                                                                                                                                                             location,
                                                                                                                                                                                             as
                                                                                                                                                                                             described
                                                                                                                                                                                             herein,
                                                                                                                                                                                             shall
                                                                                                                                                                                             terminate
                                                                                                                                                                                             on
                                                                                                                                                                                             the
                                                                                                                                                                                             earlier
                                                                                                                                                                                             of:
                                                                                                                                                                                             (A)
                                                                                                                                                                                             12
                                                                                                                                                                                             months
                                                                                                                                                                                             after
                                                                                                                                                                                             the
                                                                                                                                                                                             Distribution
                                                                                                                                                                                             Date,
                                                                                                                                                                                             or
                                                                                                                                                                                             (B)
                                                                                                                                                                                             at
                                                                                                                                                                                             such
                                                                                                                                                                                             time
                                                                                                                                                                                             as
                                                                                                                                                                                             Provider
                                                                                                                                                                                             determines
                                                                                                                                                                                             that
                                                                                                                                                                                             Recipient
                                                                                                                                                                                             has
                                                                                                                                                                                             adequately
                                                                                                                                                                                             transitioned
                                                                                                                                                                                             into
                                                                                                                                                                                             its
                                                                                                                                                                                             new
                                                                                                                                                                                             headquarters.
                                                                                                                                                                                             The
                                                                                                                                                                                             Monthly
                                                                                                                                                                                             License
                                                                                                                                                                                             Fee
                                                                                                                                                                                             for
                                                                                                                                                                                             the
                                                                                                                                                                                             Morris
                                                                                                                                                                                             Plains
                                                                                                                                                                                             location
                                                                                                                                                                                             shall
                                                                                                                                                                                             be
                                                                                                                                                                                             $15,000.	 

 

		●	Occupancy
                                                                                                                                                                                             of,
                                                                                                                                                                                             and
                                                                                                                                                                                             access
                                                                                                                                                                                             to,
                                                                                                                                                                                             that
                                                                                                                                                                                             certain
                                                                                                                                                                                             3,900
                                                                                                                                                                                             square
                                                                                                                                                                                             foot
                                                                                                                                                                                             portion
                                                                                                                                                                                             of
                                                                                                                                                                                             the
                                                                                                                                                                                             research
                                                                                                                                                                                             and
                                                                                                                                                                                             development
                                                                                                                                                                                             offices
                                                                                                                                                                                             and
                                                                                                                                                                                             laboratory
                                                                                                                                                                                             space
                                                                                                                                                                                             in
                                                                                                                                                                                             Provider’s
                                                                                                                                                                                             Morristown
                                                                                                                                                                                             CTC,
                                                                                                                                                                                             New
                                                                                                                                                                                             Jersey
                                                                                                                                                                                             location,
                                                                                                                                                                                             commonly
                                                                                                                                                                                             known
                                                                                                                                                                                             as
                                                                                                                                                                                             101
                                                                                                                                                                                             Columbia
                                                                                                                                                                                             Road,
                                                                                                                                                                                             Morristown,
                                                                                                                                                                                             NJ,
                                                                                                                                                                                             for
                                                                                                                                                                                             a	 

    	S-37

    	

    

Term of 12 months beginning on
the Distribution Date, including access to all of the “Common Areas”, as designated by Provider, in each case, solely
for use as Recipient’s research and development activities. Recipient’s right to occupy and access Provider’s
Morristown CTC’s location, as described herein, shall terminate on the earlier of: (A) 12 months after the Distribution
Date, or (B) at such time as Provider determines that Recipient has adequately transitioned into its new headquarters. The Monthly License Fee for the Morristown
location shall be $9,750.

 

		●	Continued
                                                                                                                                                                                             occupancy
                                                                                                                                                                                             of,
                                                                                                                                                                                             and
                                                                                                                                                                                             access
                                                                                                                                                                                             to,
                                                                                                                                                                                             certain
                                                                                                                                                                                             portions
                                                                                                                                                                                             of
                                                                                                                                                                                             the
                                                                                                                                                                                             office
                                                                                                                                                                                             and
                                                                                                                                                                                             laboratory
                                                                                                                                                                                             space
                                                                                                                                                                                             in
                                                                                                                                                                                             Provider’s
                                                                                                                                                                                             Shanghai,
                                                                                                                                                                                             China
                                                                                                                                                                                             location,
                                                                                                                                                                                             commonly
                                                                                                                                                                                             known
                                                                                                                                                                                             as
                                                                                                                                                                                             No.
                                                                                                                                                                                             430,
                                                                                                                                                                                             Li
                                                                                                                                                                                             Bing
                                                                                                                                                                                             Road,
                                                                                                                                                                                             Shanghai,
                                                                                                                                                                                             China,
                                                                                                                                                                                             for
                                                                                                                                                                                             a
                                                                                                                                                                                             term
                                                                                                                                                                                             of
                                                                                                                                                                                             24
                                                                                                                                                                                             months
                                                                                                                                                                                             beginning
                                                                                                                                                                                             on
                                                                                                                                                                                             the
                                                                                                                                                                                             Distribution
                                                                                                                                                                                             Date,
                                                                                                                                                                                             including
                                                                                                                                                                                             continued
                                                                                                                                                                                             access
                                                                                                                                                                                             to
                                                                                                                                                                                             all
                                                                                                                                                                                             of
                                                                                                                                                                                             the
                                                                                                                                                                                             “Common
                                                                                                                                                                                             Areas”,
                                                                                                                                                                                             as
                                                                                                                                                                                             designated
                                                                                                                                                                                             by
                                                                                                                                                                                             Provider,
                                                                                                                                                                                             in
                                                                                                                                                                                             each
                                                                                                                                                                                             case,
                                                                                                                                                                                             solely
                                                                                                                                                                                             for
                                                                                                                                                                                             Recipient’s
                                                                                                                                                                                             laboratory
                                                                                                                                                                                             and
                                                                                                                                                                                             general
                                                                                                                                                                                             office
                                                                                                                                                                                             activities.
                                                                                                                                                                                             Recipient’s
                                                                                                                                                                                             right
                                                                                                                                                                                             to
                                                                                                                                                                                             occupy
                                                                                                                                                                                             and
                                                                                                                                                                                             access
                                                                                                                                                                                             Provider’s
                                                                                                                                                                                             Shanghai
                                                                                                                                                                                             location,
                                                                                                                                                                                             as
                                                                                                                                                                                             described
                                                                                                                                                                                             herein,
                                                                                                                                                                                             shall
                                                                                                                                                                                             terminate
                                                                                                                                                                                             on
                                                                                                                                                                                             the
                                                                                                                                                                                             earlier
                                                                                                                                                                                             of:
                                                                                                                                                                                             (A)
                                                                                                                                                                                             24
                                                                                                                                                                                             months
                                                                                                                                                                                             after
                                                                                                                                                                                             the
                                                                                                                                                                                             Distribution
                                                                                                                                                                                             Date,
                                                                                                                                                                                             or
                                                                                                                                                                                             (B)
                                                                                                                                                                                             at
                                                                                                                                                                                             such
                                                                                                                                                                                             time
                                                                                                                                                                                             as
                                                                                                                                                                                             Provider
                                                                                                                                                                                             determines
                                                                                                                                                                                             that
                                                                                                                                                                                             Recipient
                                                                                                                                                                                             has
                                                                                                                                                                                             adequately
                                                                                                                                                                                             transitioned
                                                                                                                                                                                             into
                                                                                                                                                                                             its
                                                                                                                                                                                             new
                                                                                                                                                                                             headquarters.
                                                                                                                                                                                             The
                                                                                                                                                                                             Monthly
                                                                                                                                                                                             License
                                                                                                                                                                                             Fee
                                                                                                                                                                                             for
                                                                                                                                                                                             the
                                                                                                                                                                                             Shanghai
                                                                                                                                                                                             location
                                                                                                                                                                                             shall
                                                                                                                                                                                             be
                                                                                                                                                                                             $30,000.	 

    	S-38Exhibit 10.2

 

TAX MATTERS AGREEMENT (this “Agreement”),
dated as of     , 2016, by and between Honeywell International Inc., a Delaware
corporation (“HII”), and AdvanSix, Inc., a Delaware corporation (“AdvanSix” and, together with HII, the
“Parties”).

 

W I T N E S S E T H :

 

WHEREAS AdvanSix is a wholly-owned subsidiary
of HII and a member of the affiliated group of which HII is the common parent;

 

WHEREAS, pursuant to the Separation Agreement,
HII and AdvanSix have effected or agreed to effect (i) the Internal Transactions (the steps of which are described in Schedule
I of the Separation Agreement) and (ii) the Distribution (together, the “Transactions”); and

 

WHEREAS the Parties intend that each of the applicable
Transactions qualify for its Intended Tax Treatment;

 

NOW, THEREFORE, in consideration of the mutual
covenants and agreements contained herein, the Parties hereby agree as follows:

 

ARTICLE
I

Definitions

 

SECTION 1.01. Definition of Terms.
The following terms shall have the following meanings. Capitalized terms used but not defined in this Agreement shall have
the meanings ascribed to them in the Separation Agreement.

 

“10% Acquisition Transaction”
has the meaning set forth in Section 4.06.

 

“Accounting Firm” has the
meaning set forth in Section 3.01(c).

 

“Active Trade or Business”
means the active conduct (determined in accordance with Section 355(b) of the Code) of the trade or business described in the Tax
Opinion Representations for purposes of satisfying the requirements of Section 355(b) of the Code as it applies to the Distribution
with respect to AdvanSix.

 

“AdvanSix” has the meaning
set forth in the preamble.

 

“AdvanSix SAG” has the meaning
set forth in Section 4.03(a)(v).

 

“AdvanSix Stock” means (i)
all classes or series of stock or other equity interests of AdvanSix and (ii) all other instruments properly treated as stock of
AdvanSix for U.S. Federal income Tax purposes.

    	 

    		2

    

“AdvanSix Tax Group” means
(i) AdvanSix, (ii) any Person that is or was a Subsidiary of AdvanSix as of the Distribution or at any time prior to the Distribution
and (iii) any Person that was a Subsidiary of one or more Persons described in clause (ii) at any time prior to the Distribution.

 

“Agreement” has the meaning
set forth in the preamble.

 

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

 

“Determination” means (i)
any final determination of liability in respect of a Tax that, under applicable Law, is not subject to further appeal, review or
modification through proceedings or otherwise (including the expiration of a statute of limitations or period for the filing of
claims for refunds, amended Tax Returns or appeals from adverse determinations), including a “determination” as defined
in Section 1313(a) of the Code or execution of an IRS Form 870AD, or (ii) the payment of Tax by a Party (or its Subsidiary) that
is responsible for payment of that Tax under applicable Law, with respect to any item disallowed or adjusted by a Taxing Authority,
as long as the responsible Party determines that no action should be taken to recoup that payment and the other Party agrees.

 

“E&P” has the meaning
set forth in Section 2.02(b)(iv).

 

“HII” has the meaning set
forth in the preamble.

 

“HII Consolidated Group” means
any consolidated, combined, unitary or similar group of which (i) any member of the HII Tax Group is or was a member and (ii) any
member of the AdvanSix Tax Group is or was a member.

 

“HII Tax Group” means HII
and any Person that is or was a Subsidiary of HII as of the Distribution or at any time prior to the Distribution, excluding each
member of the AdvanSix Tax Group.

 

“Indemnifying Party” means
a Party that has an obligation to make an Indemnity Payment.

 

“Indemnitee” means a Party
that is entitled to receive an Indemnity Payment.

 

“Indemnity Payment” means
an indemnity payment contemplated by this Agreement and the Separation Agreement.

 

“Intended Tax Treatment” means,
with respect to each of the applicable Transactions, the U.S. Federal income Tax consequences (if any) set forth for such Transaction
in Appendix A.

 

“IRS” means the U.S. Internal
Revenue Service.

    	 

    		3

    

“Ordinary Taxes” means Taxes
other than (i) Transaction Taxes and (ii) Transfer Taxes.

 

“Parties” has the meaning
set forth in the preamble.

 

“Pre-Distribution Tax Period”
means any taxable period (or portion thereof) that ends on or before the Distribution Date.

 

“Proposed Acquisition Transaction”
has the meaning set forth in Section 4.03(b).

 

“Protective Section 336(e) Election”
means, with respect to an entity, a protective election under Section 336(e) of the Code and Section 1.336-2(j) of the Regulations
(and any similar provision of U.S. state or local Law for such jurisdictions as HII shall determine at its sole discretion) to
treat the disposition of the Stock of such entity, pursuant to the Distribution, as a deemed sale of the assets of such entity
in accordance with Section 1.336-2(h) of the Regulations (or any similar provision of U.S. state or local Law).

 

“Records” has the meaning
set forth in Section 5.01.

 

“Refund Recipient” has the
meaning set forth in Section 2.03.

 

“Regulations” means the Treasury
regulations promulgated under the Code.

 

“Restricted Period” has the
meaning set forth in Section 4.03(a).

 

“Ruling” means a private letter
ruling (including any supplemental ruling) issued by the IRS in connection with the Transactions, whether granted prior to, on
or after the date hereof.

 

“Satisfactory Guidance” has
the meaning set forth in Section 4.04(b).

 

“Separation Agreement” means
the Separation and Distribution Agreement dated as of the date of this Agreement by and between HII and AdvanSix, including the
Schedules thereto.

 

“Straddle Period” has the
meaning set forth in Section 2.05(b).

 

“Subsidiary” means, with respect
to any Person, a corporation, partnership, association, limited liability company, trust or other form of legal entity in which
such Person and/or one or more Subsidiaries of such Person has either (i) a majority ownership in the equity thereof; (ii) the
power to elect, or to direct the election of, a majority of the board of directors or other analogous governing body of such entity;
or (iii) the title or function of general partner or manager, or the right to designate the Person having such title or function.

    	 

    		4

    

“Tax Advisor” means (i) for
purposes of Section 5.06, a local Tax counsel or accountant of recognized national standing in the relevant jurisdiction and (ii)
for all other purposes of this Agreement, a U.S. Tax counsel of recognized national standing.

 

“Tax Attribute” has the meaning
set forth in Section 2.04.

 

“Tax Contest” means an audit,
review, examination or other administrative or judicial proceeding, in each case by any Taxing Authority.

 

“Tax Dispute” has the meaning
set forth in Section 5.06.

 

“Tax Opinion Representations”
means representations regarding certain facts in existence at the applicable time made by HII and AdvanSix that serve as a basis
for the Tax Opinion.

 

“Tax Opinion” means the written
opinion of Cravath, Swaine & Moore LLP issued to HII to the effect that each of the applicable Transactions should qualify
for its Intended Tax Treatment.

 

“Tax Opinions/Rulings” means
(i) any Ruling and (ii) any opinion of a Tax Advisor relating to the Transactions, including those issued on the Distribution Date
or to allow a party to take actions otherwise prohibited under Section 4.03(a) of this Agreement.

 

“Tax Return” means any return,
declaration, statement, report, form, estimate or information return relating to, (i) for purposes of Article III, Taxes other
than payroll and employment related Taxes and (ii) for all other purposes of this Agreement, Taxes, in each case, including any
amendments thereto and any related or supporting information, required or permitted to be filed with any Taxing Authority.

 

“Tax Return Preparer” means
HII.

 

“Taxes” means all forms of
taxation or duties imposed by any Governmental Authority, or required by any Governmental Authority to be collected or withheld,
including charges, in each case, in the nature of a tax, together with any related interest, penalties and other additional amounts.

 

“Taxing Authority” means any
Governmental Authority charged with the determination, collection or imposition of Taxes.

 

“Transaction Tax Contest”
means a Tax Contest with the purpose or effect of determining or redetermining Transaction Taxes.

 

“Transaction Taxes” means
all (i) Taxes imposed on HII, AdvanSix or any of their respective Subsidiaries resulting from the failure of any step of the Transactions

    	 

    		5

    

to qualify for its Intended Tax Treatment, (ii) Taxes imposed on any third party resulting from the failure of any step of the
Transactions to qualify for its Intended Tax Treatment for which HII, AdvanSix or any of their respective Subsidiaries is or becomes
liable for any reason and (iii) reasonable, out-of-pocket legal, accounting and other advisory or court fees incurred in connection
with liability for Taxes described in clause (i) or (ii).

 

“Transactions” has the meaning
set forth in the recitals.

 

“Transfer Taxes” means all
transfer, sales, use, excise, stock, stamp, stamp duty, stamp duty reserve, stamp duty land, documentary, filing, recording, registration,
value-added and other similar Taxes (excluding, for the avoidance of doubt, any income, gains, profit or similar Taxes, however
assessed).

 

“Unqualified Tax Opinion”
has the meaning set forth in Section 4.04(d).

 

ARTICLE
II

 

 Allocation of Tax Liabilities and Tax Benefits

 

SECTION 2.01. HII Indemnification of
AdvanSix. After the Distribution, HII shall be liable for, and shall indemnify and hold AdvanSix harmless from, the
following Taxes, whether incurred directly by AdvanSix or indirectly through one of its Subsidiaries:

 

(a) Ordinary Taxes of HII and its Subsidiaries
(which, for the avoidance of doubt, shall include AdvanSix and its Subsidiaries prior to the Distribution) for any taxable period;
and

 

(b) Transaction Taxes;

 

in each case, other than Taxes for which AdvanSix
is liable under Section 2.02.

 

SECTION 2.02. AdvanSix Indemnification
of HII. After the Distribution, AdvanSix shall be liable for, and shall indemnify and hold HII harmless from, the
following Taxes, whether incurred directly by HII or indirectly through one of its Subsidiaries:

 

(a) Ordinary Taxes of AdvanSix and its Subsidiaries,
in each case, for any taxable period other than a Pre-Distribution Tax Period;

 

(b) Transaction Taxes attributable to:

 

(i) the failure to be true when made
or deemed made of (A) any Tax Opinion Representation made by AdvanSix or (B) any representation made by AdvanSix, any Subsidiary
or controlling shareholder of AdvanSix, any counterparty to any Proposed Acquisition Transaction or any of such

    	 

    		6

    

counterparty’s
Affiliates for purposes of obtaining a Ruling or an Unqualified Tax Opinion intended to be Satisfactory Guidance;

 

(ii) any action or omission by AdvanSix
or any Subsidiary of AdvanSix in breach of the covenants set forth herein (including those in Section 4.03), in any other Ancillary
Agreement or in the Separation Agreement;

 

(iii) the application of Section 355(e)
or 355(f) of the Code to any of the Transactions by virtue of any acquisition (or deemed acquisition) of AdvanSix Stock (including
newly issued AdvanSix Stock) or assets of AdvanSix or any Subsidiary of AdvanSix;

 

(iv) a determination that the Distribution
was used principally as a device for the distribution of the earnings and profits (“E&P”) within the meaning of
Section 355(a)(1)(B) of the Code if such determination was based in whole or in part on any sale or exchange of AdvanSix Stock
or on any distribution on AdvanSix Stock occuring after the Distribution in excess of its E&P; or

 

(v) any other action or omission taken
after the Distribution by AdvanSix or any Subsidiary of AdvanSix, except to the extent such action or omission is otherwise expressly
required or permitted by this Agreement (other than under Section 4.04), any other Ancillary Agreement or the Separation Agreement;
and

 

(c) Any and all Transfer Taxes incurred by the
HII Tax Group or the AdvanSix Tax Group as a result of the Transactions.

 

SECTION 2.03. Refunds, Credits and
Offsets. Subject to Section 2.04, if HII, AdvanSix or any of their respective Subsidiaries receives any refund of any
Taxes for which the other Party is liable under Sections 2.01 and 2.02 (a “Refund Recipient”), such Refund
Recipient shall pay to the other Party the entire amount of the refund (including interest, but net of any Taxes imposed with
respect to such refund) within 10 business days of receipt or accrual; provided, however, that the other Party,
upon the request of such Refund Recipient, shall repay the amount paid to the other Party (plus any penalties, interest or
other charges imposed by the relevant Taxing Authority) in the event such Refund Recipient is required to repay such refund.
In the event a Party would be a Refund Recipient but for the fact it applied a refund to which it would otherwise have been
entitled against a Tax liability arising in a subsequent taxable period, then such Party shall be treated as a Refund
Recipient and the economic benefit of so applying the refund shall be treated as a refund, and shall be paid within 10
business days of the due date of the Tax Return to which such refund is applied to reduce the subsequent Tax liability.

 

SECTION 2.04. Carrybacks. If a Tax
Return of AdvanSix or any of its Subsidiaries for any taxable period ending after the Distribution Date reflects any net
operating loss, net capital loss, excess Tax credit or other Tax attribute (a “Tax Attribute”), then AdvanSix or
its applicable Subsidiary shall waive the right to carry back any such Tax Attribute to a Pre-Distribution Tax Period to the
extent permissible under

    	 

    		7

    

applicable
Law. In the event that AdvanSix or any of its Subsidiaries does carry back a Tax Attribute to a Pre-Distribution Tax Period, then
(i) no payment with respect to such carryback shall be due to AdvanSix or any of its Subsidiaries from HII and (ii) if AdvanSix
or any of its Subsidiaries receives any refund, credit or offset of any Taxes in connection with such carryback, AdvanSix shall
promptly pay to HII the full amount of such refund or the economic benefit of the credit or offset (including interest, but net
of any Taxes imposed with respect to such refund).

 

SECTION 2.05. Straddle Periods. (a)
HII and AdvanSix shall take all commercially reasonable actions necessary or appropriate to close the taxable year of each member
of the AdvanSix Tax Group for all Tax purposes as of the end of the Distribution Date to the extent permitted by applicable Law.

 

(b) For any taxable period that includes (but
does not end on) the Distribution Date (a “Straddle Period”), Taxes for the Pre-Distribution Tax Period shall be computed
(i) in the case of Taxes imposed on a periodic basis (such as real, personal and intangible property Taxes), on a daily pro rata
basis and (ii) in the case of other Taxes generally, as if the taxable period ended as of the close of business on the Distribution
Date and, in the case of any such other Taxes that are attributable to the ownership of any equity interest in a partnership, other
“flowthrough” entity or “controlled foreign corporation” (within the meaning of Section 957(a) of the Code
or any comparable U.S. state or local or foreign Law), as if the taxable period of that entity ended as of the close of business
on the Distribution Date (whether or not such Taxes arise in a Straddle Period of the applicable owner).

 

(c) HII shall be entitled to any deduction arising
out of a liability of R&C LLC that may be treated as incurred in the Pre-Distribution Tax Period under the “recurring
item exception” pursuant to Section 1.461-5 of the Regulations, and the Parties shall file all Tax Returns in a manner consistent
therewith. AdvanSix shall pay (or cause to be paid) all such liabilities in the ordinary course consistent with the past practice
of HII and R&C LLC.

 

ARTICLE
III

 

Tax Returns, Tax Contests and Other Administrative Matters

 

SECTION 3.01. Responsibility for
Preparing Tax Returns. (a) HII shall timely prepare or cause to be timely
prepared any Tax Returns of the HII Tax Group and the AdvanSix Tax Group that are required or permitted to be filed for any
taxable period beginning before the Distribution Date. If AdvanSix is responsible for filing any such Tax Return under
Section 3.02(a), HII shall, subject to Section 3.01(c), promptly deliver such prepared Tax Return to AdvanSix reasonably in
advance of the applicable filing deadline.

    	 

    		8

    

 

(b) To the extent that any Tax Return described in Section 3.01(a) or (b) is required to be filed by a Party other than the
Tax Return Preparer or directly relates to matters for which another Party may have an indemnification obligation to the Tax Return
Preparer or that may give rise to a refund to which that other Party would be entitled, under this Agreement, the Tax Return Preparer
shall (i) prepare the relevant portions of the Tax Return on a basis consistent with past practice, except (A) as required by applicable
Law or to correct any clear error, (B) as a result of changes or elections made on any Tax Return of a HII Consolidated Group that
do not relate primarily to the AdvanSix Tax Group or (C) as mutually agreed by the Parties; (ii) notify the other Party of any
such portions not prepared on a basis consistent with past practice; (iii) provide the other Party a reasonable opportunity to
review the relevant portions of the Tax Return; and (iv) consider in good faith any reasonable comments made by the other Party.

 

(c) The Parties shall attempt in good faith to
resolve any issues arising out of the review of any such Tax Return as soon as practically possible. If the Parties are unable
to resolve their differences, then the Parties shall collectively select an independent accounting firm (the “Accounting
Firm”) and shall instruct the Accounting Firm to use its best efforts to prepare the relevant portions of the Tax Return
on behalf of the Tax Return Preparer in compliance with Section 3.01(c) as promptly as practically possible. All determinations
of the Accounting Firm relating to the disputed items, absent fraud, shall be final and binding on the Parties. The fees and expenses
of the Accounting Firm shall be borne by AdvanSix.

 

SECTION 3.02. Filing of Tax Returns
and Payment of Taxes. (a) Each Party shall execute and timely file each Tax Return that it is responsible for filing
under applicable Law and shall timely pay to the relevant Taxing Authority any amount shown as due on each such Tax Return.
The obligation to make payments pursuant to this Section 3.02(a) shall not affect a Party’s right, if any, to receive
payments under Section 3.02(b) or otherwise be indemnified under this Agreement.

 

(b) In addition to its obligations under Section
3.01(b), the relevant Tax Return Preparer shall, no later than 5 business days before the due date (including extensions) of any
Tax Return described in Section 3.01(a), notify the other Party of any amount (or any portion of any such amount) shown
as due on that Tax Return for which the other Party must indemnify the Tax Return Preparer under this Agreement. The other Party
shall pay such amount to the Tax Return Preparer no later than the due date (including extensions) of the relevant Tax Return.
A failure by an Indemnitee to give notice as provided in this Section 3.02(b) shall not relieve the Indemnifying Party’s
indemnification obligations under this Agreement, except to the extent that the Indemnifying Party shall have been actually prejudiced
by such failure.

    	 

    		9

    

(c) Neither AdvanSix nor any of its Subsidiaries
shall file, amend, withdraw, revoke or otherwise alter any Tax Return of any HII Consolidated Group.

 

(d) Neither AdvanSix nor any of its Subsidiaries
shall file, amend, withdraw, revoke or otherwise alter any Tax Return of AdvanSix or any of its Subsidiaries to the extent such
Tax Return relates to the Pre-Distribution Tax Period without the prior written consent of HII, which consent shall not be unreasonably
withheld or delayed.

 

SECTION 3.03. Tax Contests. (a) HII
or AdvanSix, as applicable, shall, within 10 business days of becoming aware of any Tax Contest (including a Transaction Tax Contest)
that could reasonably be expected to cause the other Party to have an indemnification obligation under this Agreement, notify the
other Party of such Tax Contest and thereafter promptly forward or make available to the Indemnifying Party copies of notices and
communications relating to the relevant portions of such Tax Contest. A failure by an Indemnitee to give notice as provided in
this Section 3.03(a) (or to promptly forward any such notices or communications) shall not relieve the Indemnifying Party’s
indemnification obligations under this Agreement, except to the extent that the Indemnifying Party shall have been actually prejudiced
by such failure.

 

(b) HII and AdvanSix each shall have the exclusive
right to control the conduct and settlement of any Tax Contest, other than a Transaction Tax Contest, relating to any Tax Return
that it is responsible for preparing pursuant to Section 3.01. Notwithstanding the foregoing, if the conduct or settlement of any
portion or aspect of any such Tax Contest could reasonably be expected to cause a Party to have an indemnification obligation under
this Agreement, then the Indemnitee shall not accept or enter into any settlement without the consent of the Indemnifying Party,
which consent shall not be unreasonably withheld or delayed.

 

(c) HII shall have the exclusive right to control
the conduct and settlement of any Transaction Tax Contest, provided, that HII shall not accept or enter into any settlement
relating to any Transaction Tax to the extent that AdvanSix is liable for such Transaction Tax pursuant to Section 2.02(b) without
the consent of AdvanSix, which consent shall not unreasonably be withheld or delayed.

 

SECTION 3.04. Expenses. Each Party
shall bear its own expenses in the course of any Tax Contest, other than expenses included in the definition of Transaction
Taxes, which shall be governed by Article II.

 

ARTICLE
IV

 

Tax Matters Relating to the Transactions

 

SECTION 4.01. Mutual Representations. Each
Party represents that it knows of no fact, and has no plan or intention to take any action, that it knows or reasonably should
expect, after consultation with a Tax Advisor, is inconsistent with the qualification of any step of the Transactions for its Intended
Tax Treatment.

    	 

    		10

    

SECTION 4.02. Mutual Covenants. (a)
Each Party shall use its reasonable best efforts to cause the Tax Opinion to be issued, including by executing the Tax Opinion
Representations requested by Cravath, Swaine & Moore LLP that are true and correct.

 

(b) Except as otherwise expressly required or
permitted by the Separation Agreement, this Agreement or any other Ancillary Agreement, after the Distribution neither Party shall
take or fail to take, or cause or permit its respective Subsidiaries to take or fail to take, any action, if such action or omission
would be inconsistent with its Tax Opinion Representations or the Intended Tax Treatment.

 

SECTION 4.03. Restricted Actions. (a)
Subject to Section 4.04, during the period beginning on the Distribution Date and ending on, and including, the last day of the
two-year period following the Distribution Date (the “Restricted Period”), AdvanSix shall not (and shall not cause
or permit any of its Subsidiaries to), in a single transaction or a series of transactions:

 

(i) enter into any Proposed Acquisition
Transaction;

 

(ii) take any affirmative action that
permits a Proposed Acquisition Transaction to occur by means of an agreement to which neither AdvanSix nor any of its Subsidiaries
is a party (including by (A) redeeming rights under a shareholder rights plan, (B) making a determination that a tender offer is
a “permitted offer” under any such plan or otherwise causing any such plan to be inapplicable or neutralized with respect
to any Proposed Acquisition Transaction or (C) approving any Proposed Acquisition Transaction, whether for purposes of Section
203 of the Delaware General Corporate Law or any similar corporate statute, any “fair price” or other provision of
AdvanSix’s charter or bylaws or otherwise);

 

(iii) liquidate or partially liquidate
AdvanSix, whether by merger, consolidation or otherwise (provided that, for the avoidance of doubt, a merger of another
entity into AdvanSix or any of its Subsidiaries shall not constitute an action described in this Section 4.03(a)(iii));

 

(iv) cause or permit AdvanSix to cease
to engage in the Active Trade or Business;

 

(v) sell or transfer 50% or more of
the gross assets of the Active Trade or Business or 50% or more of the gross assets of the “separate affiliated group”
(within the meaning of Section 355(b)(3)(B) of the Code) of AdvanSix (the “AdvanSix SAG”) held immediately before the
Distribution (provided, however, that the foregoing shall not apply to sales, transfers or dispositions of assets
to any member of the AdvanSix SAG); or

 

(vi) redeem or otherwise repurchase
(directly or indirectly) any AdvanSix Stock, except to the extent such redemptions or repurchases meet the

    	 

    		11

    

following requirements:
(A) those redemptions or purchases are for business reasons unrelated to the Distribution, (B) AdvanSix Stock to be purchased is
widely held, (C) those redemptions or purchases will be made on the open market and (D) the aggregate amount of those redemptions
or purchases will be less than 20% of the total value of the outstanding AdvanSix Stock.

 

(b) (i) For purposes of this Agreement, “Proposed
Acquisition Transaction” means any transaction or series of transactions (or any agreement, understanding or arrangement
to enter into a transaction or series of transactions) as determined for purposes of Section 355(e) of the Code, in connection
with which one or more Persons would (directly or indirectly) acquire, or have the right to acquire (including pursuant to an option,
warrant or other conversion right), from any other Person or Persons, an interest in AdvanSix Stock that, when combined with any
other acquisitions of AdvanSix Stock that occur after the Distribution (but excluding any other acquisition described in clause
(ii)) comprises 40% or more of the value or the total combined voting power of all interests that are treated as outstanding equity
in AdvanSix for U.S. Federal income Tax purposes immediately after such transaction or, in the case of a series of related transactions,
immediately after any transaction in such series. For this purpose, any recapitalization, repurchase or redemption of AdvanSix
Stock and any amendment to the certificate of incorporation (or other organizational documents) of AdvanSix shall be treated as
an indirect acquisition of AdvanSix Stock by any shareholder to the extent such shareholder’s percentage interest in interests
that are treated as outstanding equity in AdvanSix for U.S. Federal income Tax purposes increases by vote or value.

 

(ii) Notwithstanding the foregoing,
a Proposed Acquisition Transaction shall not include (x) the adoption by AdvanSix of a shareholder rights plan that meets the requirements
of IRS Revenue Ruling 90-11, (y) transfers on an established market of AdvanSix Stock that are described in Safe Harbor VII of
Section 1.355-7(d) of the Regulations or (z) issuances of AdvanSix Stock that satisfy Safe Harbor VIII (relating to acquisitions
in connection with a Person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of
an employer) of Section 1.355-7(d) of the Regulations; provided, that such transaction or series of transactions shall constitute
a Proposed Acquisition Transaction if meaningful factual diligence is necessary to establish that Section 4.03(b)(ii)(x), (y) or
(z) applies.

 

(c) If AdvanSix merges or consolidates with another
entity to form a new entity, references in this Agreement to AdvanSix shall be to that new entity and AdvanSix Stock shall refer
to the capital stock or other relevant instruments or rights of that new entity.

 

(d) The provisions of this Section 4.03, including
the definition of “Proposed Acquisition Transaction”, are intended to monitor compliance with Section 355 of the Code
and shall be interpreted accordingly. Any clarification of, or

    	 

    		12

    

change in, Section 355 of the Code or the Regulations thereunder
shall be incorporated into this Section 4.03 and its interpretation.

 

SECTION 4.04. Consent to Take Certain Restricted
Actions. (a) AdvanSix may (and may cause or permit its Subsidiaries to) take an action otherwise prohibited under Section 4.03(a)
if HII consents in writing, which consent shall be at HII’s sole discretion. For the avoidance of doubt, HII’s written
consent pursuant to this Section 4.04(a) shall not in any way relieve AdvanSix of its indemnification obligations under Section
2.02(b).

 

(b) HII may, at its sole discretion and as a
condition to granting its written consent pursuant to Section 4.04(a), require AdvanSix to provide Satisfactory Guidance; provided,
however, the provision of Satisfactory Guidance shall not obligate HII to grant its written consent pursuant to Section
4.04(a).

 

(c) For purposes of this Agreement, “Satisfactory
Guidance” means either a Ruling or an Unqualified Tax Opinion concluding that the proposed action will not cause any step
of the Transactions to fail to qualify for its Intended Tax Treatment. Such Ruling or Unqualified Tax Opinion will constitute Satisfactory
Guidance only if they are satisfactory to HII at its sole discretion in both form and substance, including with respect to any
underlying assumptions or representations and any legal analysis contained therein.

 

(d) For purposes of this Agreement, “Unqualified
Tax Opinion” means an unqualified “will” opinion of a Tax Advisor that permits reliance by HII. The Tax Advisor,
in issuing its opinion, shall be permitted to rely on the validity and correctness, as of the date given, of any previously issued
Tax Opinions/Rulings, unless such reliance would be unreasonable under the circumstances, and shall assume that each of the applicable
Transactions would have qualified for its Intended Tax Treatment if the action in question did not occur.

 

SECTION 4.05. Procedures Regarding Opinions
and Rulings. (a) If AdvanSix notifies HII that it desires to take a restricted action described in Section 4.03(a) and HII
requires Satisfactory Guidance as a condition to consenting to such restricted action pursuant to Section 4.04(b), HII shall use
commercially reasonable efforts to expeditiously obtain, or assist AdvanSix in obtaining, such Satisfactory Guidance. Notwithstanding
the foregoing, HII shall not be required to take any action pursuant to this Section 4.05(a) if, upon request, AdvanSix fails to
certify that all information and representations relating to AdvanSix or any Subsidiary of AdvanSix in the relevant documents are
true, correct and complete or fails to obtain certification from any counterparty to any Proposed Acquisition Transaction that
all information and representations relating to such counterparty in the relevant documents are true, correct and complete. AdvanSix
shall reimburse HII for all reasonable out-of-pocket costs and expenses incurred by HII or any Subsidiary of HII in obtaining Satisfactory
Guidance within 10 business days after receiving an invoice from HII therefor.

    	 

    		13

    

(b) Notwithstanding anything herein to the contrary,
AdvanSix shall not seek a Ruling with respect to a Pre-Distribution Tax Period (whether or not relating to the Transactions) if
HII determines that there is a reasonable possibility that such action could have a significant adverse impact on HII or any Subsidiary
of HII.

 

SECTION 4.06. Notification and Certification
Regarding Certain Acquisition Transactions. If AdvanSix proposes to enter into any 10% Acquisition Transaction or take any
affirmative action to permit any 10% Acquisition Transaction to occur at any time during the 30-month period following the Distribution
Date, AdvanSix shall undertake in good faith to provide HII, no later than 10 business days following the signing of any written
agreement with respect to such 10% Acquisition Transaction or obtaining knowledge of the occurrence of any such 10% Acquisition
Transaction that takes place without written agreement, with a written description of such transaction (including the type and
amount of AdvanSix Stock to be acquired) and a brief explanation as to why AdvanSix believes that such transaction does not result
in the application of Section 355(e) or 355(f) of the Code to the Transactions. For purposes of this Section 4.06, “10% Acquisition
Transaction” means any transaction or series of transactions that would be a Proposed Acquisition Transaction if the percentage
specified in the definition of Proposed Acquisition Transaction were 10% instead of 40%.

 

SECTION 4.07. Reporting. HII and AdvanSix
shall (i) timely file any appropriate information and statements (including as required by Section 6045B of the Code and Section
1.355-5 and, to the extent applicable, Section 1.368-3 of the Regulations) to report each of the applicable Transactions as qualifying
for its Intended Tax Treatment and (ii) absent a change of Law or an applicable Determination otherwise, not take any position
on any Tax Return that is inconsistent with such qualification.

 

SECTION 4.08. Tax
Treatment of Certain Amounts Paid Pursuant to the EMA. Amounts paid pursuant to the EMA shall be treated in the manner as described
in the EMA.

 

SECTION 4.09. Protective Section 336(e)
Election. (a) HII will make a Protective Section 336(e) Election with respect to the Distribution. Accordingly, the
Parties agree that this Agreement constitutes a written, binding agreement to make a Protective Section 336(e) Election as
contemplated by Section 1.336-2(h)(1)(i) of the Regulations. AdvanSix will cooperate with HII to facilitate the making of
such election.

 

(b) If AdvanSix realizes a Tax benefit from the
step-up in Tax basis resulting from a failure of the Distribution to qualify (in whole or in part) for its Intended Tax Treatment
and the election described in Section 4.09(a), unless AdvanSix has indemnified HII for the resulting Transaction Taxes under Section
2.02(b), AdvanSix shall make quarterly payments to HII in an amount equal to 100 percent of the actual Tax savings if, as and when
realized arising from the step-up in Tax basis resulting from the Protective Section 336(e) Election, determined on a “with
and without” basis (treating any deductions or amortization attributable to the step-up in Tax basis resulting from the Protective
Section 336(e) Election as the last items claimed for any taxable period,

    	 

    		14

    

 including after the utilization of any available net
operating loss carryforwards), net of any reasonable out-of-pocket expenses necessary to secure such Tax savings.

 

ARTICLE
V

 

Procedural Matters

 

SECTION 5.01. Cooperation. Each Party
shall cooperate with reasonable requests from the other Party in matters covered by this Agreement, including in connection with
the preparation and filing of Tax Returns, the calculation of Taxes, the determination of the proper financial accounting treatment
of Tax items and the conduct and settlement of Tax Contests. Such cooperation shall include:

 

(i) retaining until the expiration of
the relevant statute of limitations (including extensions) of records, documents, accounting data, computer data and other information
(“Records”) necessary for the preparation, filing, review, audit or defense of all Tax Returns relevant to an obligation,
right or liability of either Party under this Agreement;

 

(ii) providing the other Party reasonable
access to Records and to its personnel (ensuring their cooperation) and premises during normal business hours to the extent relevant
to an obligation, right or liability of the other Party under this Agreement or otherwise reasonably required by the other Party
to complete Tax Returns or to compute the amount of any payment contemplated by this Agreement; and

 

(iii) notifying the other Party prior
to disposing of any relevant Records and affording the other Party the opportunity to take possession or make copies of such Records
at its discretion.

 

SECTION 5.02. Interest. Any payments
required pursuant to this Agreement that are not made within the time period specified in this Agreement shall bear interest from
the end of that period. Interest required to be paid pursuant to this Agreement shall, unless otherwise specified, be computed
at the rate and in the manner provided in the Code for interest on underpayments and overpayments, as applicable, for the relevant
period.

 

SECTION 5.03. Indemnification Claims and
Payments. (a) An Indemnitee shall be entitled to make a claim for payment with respect to Taxes under this Agreement when the
Indemnitee determines that it is entitled to such payment and is able to calculate with reasonably accuracy the amount of such
payment. Except as otherwise provided in Sections 3.02(b) and 3.03, the Indemnitee shall provide to the Indemnifying Party notice
of such claim within 60 business days of the first date on which it so becomes entitled to make such claim. Such notice shall include
a description of such claim and a detailed calculation of the amount claimed.

    	 

    		15

    

(b) Except as otherwise provided in Sections
3.02(b) and 3.03, the Indemnifying Party shall make the claimed payment to the Indemnitee within 30 business days after receiving
such notice, unless the Indemnifying Party reasonably disputes its liability for, or the amount of, such payment.

 

(c) A failure by an Indemnitee to give notice
as provided in Section 3.02(b), 3.03 or 5.03(a) shall not relieve the Indemnifying Party’s indemnification obligations under
this Agreement, except to the extent that the Indemnifying Party shall have been actually prejudiced by such failure.

 

(d) Nothing in this Section 5.03 shall prejudice
a Party’s right to receive payments pursuant to Section 3.02(b) or 3.03.

 

SECTION 5.04. Amount of Indemnity
Payments. The amount of any Indemnity Payment shall be (i) reduced to take into account any Tax benefit actually realized
by the Indemnitee resulting from the incurrence of the liability in respect of which the Indemnity Payment is made and (ii)
increased to take into account any Tax cost actually realized by the Indemnitee resulting from the receipt of the Indemnity
Payment, including any Tax cost arising from such Indemnity Payment having resulted in income or gain to either Party, for
example, under Section 1.1502-19 of the Regulations, and any Taxes imposed on additional amounts payable pursuant to this
clause (ii). For purposes of calculating the amount of any Tax benefit or Tax cost, the applicable Indemnitee shall be deemed
to be subject to a 39% Tax rate in the taxable year in which such Tax benefit or Tax cost was realized and any Tax attributes
of such Indemnitee shall be disregarded.

 

SECTION 5.05. Treatment of Indemnity
Payments. Any Indemnity Payment (other than any portion of a payment that represents interest accruing after the
Distribution Date) shall be treated by HII and AdvanSix for all Tax purposes as a distribution from AdvanSix to HII
immediately prior to the Distribution (if made by AdvanSix to HII) or as a contribution from HII to AdvanSix immediately
prior to the Distribution (if made by HII to AdvanSix), except as otherwise required by applicable Law or a
Determination.

 

SECTION 5.06. Tax Disputes. Notwithstanding
Section 6.07, this Section 5.06 shall govern the resolution of any dispute arising between the Parties in connection with this
Agreement, other than a dispute (i) relating to liability for Transaction Taxes (ii) in which the amount of liability in dispute
exceeds $20 million (a “Tax Dispute”) or (iii) relating to a Tax Return as described in Section 3.01(c). The Parties
shall negotiate in good faith to resolve any Tax Dispute for 45 calendar days (unless earlier resolved). Upon notice of either
Party after 45 calendar days, the matter will be referred to an Accounting Firm acceptable to both Parties. The Accounting Firm
may, in its discretion, obtain the services of any third party necessary to assist it in resolving the Tax Dispute. The Parties
shall instruct the Accounting Firm to furnish notice to each Party of its resolution of the Tax Dispute as soon as practicable,
but in any event no later than 60 calendar days after its acceptance of the matter for resolution. Any such resolution by the Accounting
Firm will be binding on the Parties and the Parties

    	 

    		16

    

shall take, or cause to be taken, any action necessary to implement the resolution.
All fees and expenses of the Accounting Firm shall be shared equally by the Parties. If, having determined
that a Tax Dispute must be referred to an Accounting Firm, after 45 calendar days the Parties
are unable to find an Accounting Firm willing to adjudicate the Tax Dispute in question and that the Parties in good faith find
acceptable, then this Section 5.06 shall cease to apply to that Tax Dispute.

 

ARTICLE
VI

 

Miscellaneous

 

SECTION 6.01. Termination. This Agreement
will terminate without further action at any time before the Distribution upon termination of the Separation Agreement. If terminated,
no Party will have any Liability of any kind to the other Party or any other Person on account of this Agreement, except as provided
in the Separation Agreement.

 

SECTION 6.02. Applicability. This Agreement
shall not apply before the Distribution.

 

SECTION 6.03. Survival. Except as expressly
set forth in this Agreement, the covenants and indemnification obligations in this Agreement shall survive the Spin-Off and shall
remain in full force and effect.

 

SECTION 6.04. Separation Agreement. The
Parties agree that, in the event of a conflict between the terms of this Agreement and the Separation Agreement with respect to
the subject matter hereof, the terms of this Agreement shall govern.

 

SECTION 6.05. Confidentiality. Each Party
hereby acknowledges that confidential Information of such Party or its Subsidiaries may be exposed to employees and agents of the
other Party or its Subsidiaries as a result of the activities contemplated by this Agreement. Each Party agrees, on behalf of itself
and its Subsidiaries, that such Party’s obligations with respect to Information and data of the other Party or its Subsidiaries
shall be governed by Section 7.08 of the Separation Agreement.

 

SECTION 6.06. Counterparts; Entire
Agreement. (a) This Agreement may be executed in one or more counterparts, all of which counterparts shall be considered
one and the same agreement, and shall become effective when one or more counterparts have been signed by each Party and
delivered to the other Party. This Agreement may be executed by facsimile or PDF signature and a facsimile or PDF signature
shall constitute an original for all purposes.

 

(b) This Agreement, the Separation Agreement,
the other Ancillary Agreements and the Appendices, Exhibits and Schedules hereto and thereto contain the entire agreement between
the Parties with respect to the subject matter hereof and supersede all previous agreements, negotiations, discussions, writings,
understandings, commitments and conversations with respect to such subject matter, and there are no

    	 

    		17

    

agreements or understandings
between the Parties with respect to the subject matter hereof other than those set forth or referred to herein or therein.

 

SECTION 6.07. Governing Law;
Jurisdiction. This Agreement shall be governed by, and construed in accordance with, the Laws of the State of New York,
regardless of the Laws that might otherwise govern under applicable principles of conflicts of laws thereof. Subject to
Section 5.06, each Party irrevocably consents to the exclusive jurisdiction, forum and venue of the Commercial Division of
the Supreme Court of the State of New York, New York County and the United States District Court for the Southern District of
New York over any and all claims, disputes, controversies or disagreements between the Parties or any of their respective
Subsidiaries, Affiliates, successors and assigns under or related to this Agreement or any document executed pursuant to this
Agreement or any of the transactions contemplated hereby or thereby.

 

SECTION 6.08. Waiver of Jury Trial. EACH
PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT
ISSUES, AND THEREFORE EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY
IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES
THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE OTHER PARTY
WOULD NOT, IN THE EVENT OF ANY LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH PARTY UNDERSTANDS AND HAS CONSIDERED
THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES THIS WAIVER VOLUNTARILY AND (iv) EACH PARTY HAS BEEN INDUCED TO ENTER INTO
THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 6.08.

 

SECTION 6.09. Assignability. Neither this
Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation
of law or otherwise by either Party without the prior written consent of the other Party. Any purported assignment without such
consent shall be void. Subject to the preceding sentences, this Agreement will be binding upon, inure to the benefit of, and be
enforceable by, the Parties and their respective successors and assigns. Notwithstanding the foregoing, either Party may assign
this Agreement without consent in connection with (a) a merger transaction in which such Party is not the surviving entity and
the surviving entity acquires or assumes all or substantially all of such Party’s assets, or (b) the sale of all or substantially
all of such Party’s assets; provided, however, that the assignee expressly assumes in writing all of the obligations
of the assigning Party under this Agreement, and the assigning Party provides written notice and evidence of such assignment and
assumption to the non-assigning Party. No assignment permitted by this Section 6.09 shall release the assigning Party from liability
for the full performance of its obligations under this Agreement.

    	 

    		18

    

SECTION 6.10. Third-Party Beneficiaries. (a)
The provisions of this Agreement are solely for the benefit of the Parties hereto and are not intended to confer upon any Person
except the Parties hereto any rights or remedies hereunder and (b) there are no third-party beneficiaries of this Agreement and
this Agreement shall not provide any third Person with any remedy, claim, liability, reimbursement, cause of action or other right
in excess of those existing without reference to this Agreement.

 

SECTION 6.11. Notices. All notices or
other communications under this Agreement shall be in writing and shall be deemed to be duly given when (a) delivered in person,
(b) on the date received, if sent by a nationally recognized delivery or courier service or (c) upon the earlier of confirmed receipt
or the fifth business day following the date of mailing if sent by registered or certified mail, return receipt requested, postage
prepaid, addressed as follows:

 

If to HII, to:

 

Honeywell International Inc.

115 Tabor Road

Morris Plains, NJ 07950

Attn: Vice President, Tax and General
Tax Counsel

e-mail: *
* *

 

with a copy to:

 

Cravath, Swaine & Moore LLP

Worldwide Plaza

825 Eighth Avenue

New York, NY 10019

Attn:   Stephen L. Gordon, Esq.
            Lauren Angelilli, Esq.

e-mail: * * *

 

If to AdvanSix, to:

 

AdvanSix Inc.

115 Tabor Road

Morris Plains, NJ 07950

Attn: General Counsel

e-mail: * * *

 

with a copy to:

 

Either Party may, by notice to the other Party,
change the address to which such notices are to be given.

 

SECTION 6.12. Severability. If any provision
of this Agreement or the application thereof to any Person or circumstance is determined by a court of competent

    	 

    		19

    

jurisdiction to
be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances
or in jurisdictions other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect
and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to either Party. Upon any such determination, any such provision,
to the extent determined to be invalid, void or unenforceable, shall be deemed replaced by a provision that such court determines
is valid and enforceable and that comes closest to expressing the intention of the invalid, void or unenforceable provision.

 

SECTION 6.13. Headings. The article, section
and paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning
or interpretation of this Agreement.

 

SECTION 6.14. Waivers of Default. No failure
or delay of either Party (or the applicable member of its Group) in exercising any right or remedy under this Agreement shall operate
as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance
of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise
of any other right or power. Waiver by either Party of any default by the other Party of any provision of this Agreement shall
not be deemed a waiver by the waiving Party of any subsequent or other default.

 

SECTION 6.15. Specific Performance. In
the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement,
HII shall have the right to specific performance and injunctive or other equitable relief of its rights under this Agreement, in
addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative. AdvanSix
shall not oppose the granting of such relief on the basis that money damages are an adequate remedy. The Parties agree that the
remedies at law for any breach or threatened breach hereof, including monetary damages, are inadequate compensation for any loss
and that any defense in any action for specific performance that a remedy at law would be adequate is waived. Any requirements
for the securing or posting of any bond with such remedy are waived. The Parties acknowledge and agree that the right of specific
enforcement is an integral part of this Agreement and without that right, neither HII nor AdvanSix would have entered into this
Agreement.

 

SECTION 6.16. Amendments. No provisions
of this Agreement shall be deemed waived, amended, supplemented or modified by either Party, unless such waiver, amendment, supplement
or modification is in writing and signed by the authorized representative of each Party.

 

SECTION 6.17. Interpretation. The rules
of interpretation set forth in Section 12.14 of the Separation Agreement shall be incorporated by reference to this Agreement,
mutatis mutandis. NOTWITHSTANDING THE FOREGOING, THE PURPOSE OF ARTICLE IV IS TO ENSURE THAT EACH OF THE APPLICABLE

    	 

    		20

    

TRANSACTIONS
QUALIFIES FOR ITS INTENDED TAX TREATMENT AND, ACCORDINGLY, THE PARTIES AGREE THAT THE LANGUAGE THEREOF SHALL BE INTERPRETED IN
A MANNER THAT SERVES THIS PURPOSE TO THE GREATEST EXTENT POSSIBLE.

 

SECTION 6.18. Compliance by
Subsidiaries. The Parties shall cause their respective Subsidiaries to comply with this Agreement.

    	 

    		21

    

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

 

	 	HONEYWELL INTERNATIONAL INC.,
	 	 
	 	by
	 	 	 
	 	 	Name:
	 	 	Title:

 

	 	AdvanSix, Inc.,
	 	 
	 	by
	 	 	 
	 	 	Name:
	 	 	Title:

    	 

    		 

    

Appendix A

 

Intended Tax Treatment

 

		1.	The Contributions, the Share Issuance and the Special Dividend, taken together,
are intended to be treated as a reorganization described in Section 368(a)(1)(D) of the Code.

 

		2.	The receipt of shares of AdvanSix Common Stock in the Share Issuance and
the receipt of cash in the Special Dividend are each intended to qualify for non-recognition of gain or loss under Section 361.

 

		3.	The Distribution is intended to qualify for non-recognition of gain or loss
under Section 355 and Section 361.

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