Document:

ALKAME
HOLDINGSALKAME HOLDINGS, INC. & XTREME TECHNOLOGIES, INC.

STOCK
PURCHASE DEFINITIVE AGREEMENT

 

AGREEMENT
made April 21st, 2014, by and between Alkame Holdings, Inc., a Nevada corporation (“Buyer”), and Xtreme Technologies,
Inc., an Idaho corporation (the “Company”).

 

WHEREAS,
the Company is a C corporation with approximately 10,226,315 shares of common stock outstanding, representing 100% of the capital
stock of the Company (the “Company Shares”); and

 

WHEREAS,
Buyer desires to purchase, and Company desires to sell, all of the Shares in a transaction the parties intend to qualify as a
tax free reorganization under Section 368 of the Internal Revenue Code ; and

 

WHEREAS,
Company has already obtained approval from its directors and shareholders to consummate this transaction in accordance with the
terms and conditions set forth in a Letter of Intent, executed by the parties on or about August 22, 2013 (“Letter of Intent”);

 

WHEREAS,
the Company has outstanding indebtedness to Mt. West Bank, DLS Living Trust and to three of the Company’s major shareholders
(the “Company Obligations”), which Buyer and Company desire to eliminate from the Company’s balance sheet concurrent
with the purchase and sale of the Company Shares (as defined below).

 

NOW,
THEREFORE, it is hereby mutually agreed as follows:

 

1.                  
Sale and Purchase of Shares. Subject to the terms and conditions set forth in this Agreement, at the Closing, as hereinafter
defined, the Company shall sell to Buyer, and Buyer shall purchase from the Company, all of the outstanding shares of Company
(the “Company Shares”). Prior to the Closing, the Company shall issue and deliver the certificates representing the
Company Shares, to Buyer, free and clear of any liens, claims and encumbrances outside of normal SEC restrictions.

 

2.                  
Purchase Price and Payments on Company Obligations.

 

The
Purchase Price for the Company Shares is $2,000,000.00 (subject to increase as set forth below in Paragraph 3), payable as follows:

 

a)                  
A cash payment of $50,000.00 has been previously paid as a non-refundable deposit and is held in a client trust account at Owens
& Crandall, PLLC, and upon the execution of this Agreement, said deposit shall be remitted to Company;

 

b)                  
An additional cash payment of $525,000.00 shall be paid by wire transfer on or before the Closing Date and delivered to Owens
& Crandall, PLLC trust account along with the initial cash payment of $50,000.00 already remitted to Company, the following
Company Obligations shall be paid, removing such obligations from the Company’s balance sheet:

 

DescriptionApproximate
Balance

	1.	Mountain West Bank loan
    #47006730	$125,576.78
	2.	Mountain West Bank loan #47006722	$152,275.70
	3.	DLS Living Trust	$114,682.00
	4.	Jeff Crandall	$51,720.00
	5.	John Marcheso	$51,720.00
	6.	Michael Bibin	$51,720.00
	7.	Keith Fuqua	$16,000.00
	8.	Owens & Crandall, PLLC	$11,305.52*
	 	Total 	$575,000.00

 

*any
balance remaining after the pay-offs listed above are made shall be allocated towards the payment of seller’s legal fees
and costs incurred in connection with this transaction.

 

    	 

    	 

    

 

and

 

c)                  
The balance of $1,425,000.00 shall be payable by the issuance of shares of Buyer’s Series C  Preferred Stock with a
stated value of $1.00 per share to be divided pro rata among the Company’s shareholders of record as of the Closing
Date. The Series C Preferred Stock shall include an option to convert such shares of Series C Preferred Stock into the
Buyer’s Common Stock at the closing price of Buyer’s common stock, as quoted on the OTCQB; and

 

d)                  
Buyer acknowledges that Robert Thomas, one of the Company’s previous officers and directors, holds outstanding options to
purchase up to 1,009,000 shares of Company common stock at the price of $.10/share. At the Closing, pursuant to Idaho law, the
Company shall notify Mr. Thomas of his 30-day right to exercise any or all of his remaining options. If he elects to exercise
any of his options within such 30-day period, Buyer agrees to issue additional shares of Buyer’s Series B Preferred Stock
in exchange for such Company shares, at a value equal to the share exchange value paid for the Company Shares acquired hereunder.
Buyer shall have the right to receive all of the consideration paid by Mr. Thomas for such shares. If Mr. Thomas fails to exercise
the option within such 30-day period, all of his options expire and are of no further value. At Closing, Company agrees to provide
Seller with written evidence that all other outstanding options have been relinquished or otherwise terminated.

 

3.                  
The Closing; Purchase Price Increase.

 

(a)                   
The Closing shall be tentatively held at the offices of Xtreme Technologies, Inc., 1149 N. Warren St., Hayden, ID 83835 at 10:00
am on or before Friday, May 27th, 2014, or electronically and both parties consider it valid and binding. (the "Closing
Date").

 

(b)                   
If Buyer fails to make the full Purchase Price payment on or before the Closing Date, then the parties agree that the Purchase
Price shall increase by the amount of $50,000.00 per month for each successive month thereafter for a maximum of three (3) months
(“Extension Payments”). In addition, Buyer shall be required to make an additional non-refundable deposit of $50,000.00
on or before the Closing Date and for each successive month after the Closing Date, in order to keep this Agreement from terminating.
In any and all events, this Agreement shall terminate on August 9, 2014 if the entire Purchase Price and all applicable Extension
Payments and deposits have not been paid by Buyer, and upon termination, Company shall be entitled to retain all deposits and
other payments received from Buyer.

 

(c)                    
Between the date of this Agreement and the Closing Date, the parties agree that the business of the Company shall be conducted
only in the ordinary course, except that the signatories on the Company's bank accounts shall be changed such that each check
written by the Company over $500.00 shall require the signature of a representative of Buyer and a representative of the Company.
The Company shall use its best efforts between the date of this Agreement and the Closing Date to preserve the Company's business
organization, to keep available the services of the Company's present officers and employees, and to preserve the good will of
the Company's suppliers, customers and others having business relations with it. The Company shall afford to Buyer and its authorized
representatives full access during normal business hours to all properties, books, records, contracts and documents of the Company
and a full opportunity to make such reasonable investigations as they shall desire to make of the Company, and the Company shall
furnish or cause to be furnished to Buyer and its authorized representatives all such information with respect to the affairs
and businesses of the Company as Buyer may reasonably request.

 

(d)                   
At the Closing, in addition to any other instruments or documents referred to herein:

 

(i)                     
The Company shall deliver to Buyer, free and clear of any lien, claim or encumbrance, certificates representing the Company Shares
purchased hereunder; outside of normal SEC restrictions and

 

(ii)                    
Buyer shall deliver the cash portion of the Purchase Price as directed herein payable on the tentative Closing Date to the attorney’s
escrow account until all of the conditions are met;

 

(iii)                  
Buyer shall deliver the shares of Buyer’s Series B Preferred Stock to Sellers specified attorney escrow in Section 2(b)
above;

 

(iv)                  
The Company shall deliver audited financial statements and unaudited pro forma financial information at the time of signing this
definitive agreement in accordance with the requirements of Rule 8-04 of Regulation S-X to be used by the Buyer in its filings
with the U.S. Securities and Exchange Commission, The Sellers audit will need to be completed prior to the release of stock and
cash from the escrow;

 

(v)                   
The Company shall deliver to the Buyer non-disclosure agreements and non- compete agreements signed by the Jeffery J. Crandall,
John N. Marcheso and Michael J. Bibin, the principal shareholders of the Company, in the form attached hereto as Exhibit “A”
(Nondisclosure/Non- circumvention Agreement”);

 

(vi)                  
Except for the options held by Robert Thomas (as described above in Paragraph 2(d)), the Company shall deliver to the Buyer written
evidence that all outstanding options have been relinquished or otherwise terminated; and

 

(vii)                
The Company shall deliver to the Buyer written evidence that no shareholder has exercised dissenters rights (appraisal rights)
under Idaho Code §§ 30-1-1301 through 30-1-1331.

 

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4.A              
Representations and Warranties of Company. Company represents and warrants to Buyer as follows:

 

(a)         
Existence; Good Standing; Corporate Authority; Compliance With Law. The Company is a corporation duly incorporated, validly
existing and in good standing under the laws of its jurisdiction of incorporation. The Company is duly licensed or qualified to
do business as a foreign corporation and is in good standing under the laws of all other jurisdictions in which the character
of the properties owned or leased by it therein or in which the transaction of its business makes such qualification necessary.
The states in which the Company is licensed or qualified to do business as a foreign corporation are listed on Schedule 4.A(a)
hereof. The Company has all requisite corporate power and authority to own its properties and carry on its business as now conducted.
The Company is not in default with respect to any order of any court, governmental authority or arbitration board or tribunal
to which the Company is a party or is subject, and the Company is not in violation of any laws, ordinances, governmental rules
or regulations to which it is subject. The Company has obtained all licenses, permits and other authorizations and has taken all
actions required by applicable laws or governmental regulations in connection with its business as now conducted.

 

(b)           
Validity and Effect of Agreements. This Agreement constitutes, and all agreements and documents contemplated hereby when
executed and delivered pursuant hereto will constitute, the valid and legally binding obligations of the Company enforceable in
accordance with their terms. Except as set forth on Schedule 4(b), the execution and delivery of this Agreement does not and the
consummation of the transactions contemplated hereby will not (i) require the consent of any third party, (ii) result in the breach
of any term or provision of, or constitute a default under, or result in the acceleration of or entitle any party to accelerate
(whether after the giving of notice or the lapse of time or both) any obligation under, or result in the creation or imposition
of any lien, charge, pledge, security interest or other encumbrance upon any part of the property of the Company pursuant to any
provision of, any order, judgment, arbitration award, injunction, decree, indenture, mortgage, lease, license, lien, or other
agreement or instrument to which the Company is a party or by which it is bound, or violate or conflict with any provision of
the Bylaws or Articles of Incorporation of the Company as amended to the date of this Agreement.

 

(c)          
Capitalization.  The Company has authorized capital stock as set forth on Schedule 4(c) of which those shares indicated
on said Schedule 4.A(c) as outstanding and no more are presently issued and outstanding. Except for rights granted pursuant to
this Agreement, and as set forth on Schedule 4(c), there are no outstanding rights, warrants, options, convertible debts, subscriptions,
agreements or commitments giving anyone any right to require the Company to sell or issue, any capital stock or other securities.
Except as set forth on Schedule 4(c), the Company has no subsidiaries and does not own nor is a holder of record and/or beneficially
own any shares of any class in the capital of any other corporation or entity, and does not own any legal and/or beneficial interests
in any partnerships, business trusts or joint ventures or in any other unincorporated trade or business enterprises.

 

(d)         
Records. The corporate minute books of the Company to be delivered to Buyer at the Closing Date shall contain true and
complete copies of the Articles of Incorporation, as amended to the Closing Date, Bylaws, as amended to the Closing Date, and
the minutes of all meetings of directors and shareholders and certificates reflecting all actions taken by the directors or shareholders
without a meeting, from the date of incorporation of the Company to the Closing Date.

 

(e)          
Officers  and  Directors;  Bank  Accounts;  Insurance. The officers and directors of the Company are as set forth in Schedule
4.A (e). Schedule 4(e) also sets forth (i) the name of each bank, savings institution or other person with which the Company has
an account or safe deposit box and the names and identification of all persons authorized to drawn thereon or to have access thereto,
(ii) a list of all insurance policies owned by the Company, together with a brief statement of the coverage thereof. All of such
policies of insurance are maintained with financially sound and reputable insurance companies, funds or underwriters and are of
the kinds and cover such risks and are in such amounts and with such deductibles and exclusions as are consistent with prudent
business practice. All such policies (a) are in full force and effect and (b) are sufficient for compliance by the Company with
all requirements of law and all agreements to which the Company is a party. The Company is not in default in any material respect
with respect to its obligations under any of such insurance policies and has not received any notification of cancellation of
any such insurance policies.

 

(f)         
Financial Statements. The unaudited balance sheets and notes thereto of the Company as of December 31, 2013 and 2012 (hereinafter
referred to as the "Year End Balance Sheets"), the unaudited statement of operations of the Company for the years ended
December 31, 2013 and 2012 (hereinafter referred to as the "Year End Financial Statements") (collectively the "Financial
Statements") fully and fairly set forth the financial condition of the Company as of the dates indicated, and the results
of its operations for the periods indicated, in accordance with generally accepted accounting principles consistently applied,
except as otherwise stated therein.

 

(g)            
Undisclosed Liabilities. Except as described on Schedule 4A (g), the Company has no liabilities or obligations whatsoever,
either accrued, absolute, contingent or otherwise, which are not reflected or provided for in the Financial Statements except
(i) those arising after the date of the Year End Balance Sheets which are in the ordinary course of business, in each case in
normal amounts and none of which is materially adverse; and (ii) which shall be disclosed to Buyer at Closing.

 

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(h)           
Absence of Certain Changes or Events since the Date of the Year End Balance Sheets. Except as described on Schedule 4.A
(h), since the date of the Year End Balance Sheets, the Company has not:

 

(i)                  
incurred any obligation or liability (fixed or contingent), except normal trade or business obligations incurred in the ordinary
course of business and consistent with past practice, none of which is materially adverse, and except in connection with this
Agreement and the transactions contemplated hereby;

 

(ii)                
discharged or satisfied any lien, security interest or encumbrance or paid any obligation or liability (fixed or contingent),
other than in the ordinary course of business and consistent with past practice;

 

(iii)               
mortgaged, pledged or subjected to any lien, security interest or other encumbrance any of its assets or properties (other than
mechanic's, material man's and similar statutory liens arising in the ordinary course of business and purchase money security
interests arising as a matter of law between the date of delivery and payment);

 

(iv)              
transferred, leased or otherwise disposed of any of its assets or properties except for a fair consideration in the ordinary course
of business and consistent with past practice or, except in the ordinary course of business and consistent with past practice,
acquired any assets or properties;

 

(v)                
canceled or compromised any debt or claim, except in the ordinary course of business and consistent with past practice;

 

(vi)              
waived or released any rights of material value;

 

(vii)             
except pursuant to those contracts listed on Schedule 4(n) hereto, transferred or granted any rights under any concessions, leases,
licenses, agreements, patents, inventions, trademarks, trade names, service marks or copyrights or with respect to any know-how;

 

(viii)           
made or granted any wage or salary increase to any employee, entered into any employment contract with, or made any loan to, or
entered into any material transaction of any other nature with, any officer or employee of the Company;

 

(ix)              
entered into any material transaction, contract or commitment, except (i) contracts listed on Schedule 4(n) hereto and (ii) this
Agreement and the transactions contemplated hereby;

 

(x)                
suffered any casualty loss or damage (whether or not such loss or damage shall have been covered by insurance) which affects in
any material respect its ability to conduct business; or

 

(xi)              
declared any dividends or bonuses, or authorized or affected any amendment or restatement of the Articles of Incorporation or
Bylaws of the Company or taken any steps looking toward the dissolution or liquidation of the Company.

 

Between
the date of this Agreement and the Closing Date, Shareholders will not cause the Company to do, without the prior written consent
of Buyer, any of the things listed in subsections (i) through (xi) above.

 

(i)                  
Taxes. The Company (i) has duly and timely filed or caused to be filed all federal, state, local and foreign tax returns
(including, without limitation, consolidated and/or combined tax returns) required to be filed by it prior to the date of this
Agreement which relate to the Company or with respect to which the Company or the assets or properties of the Company are liable
or otherwise in any way subject, (ii) has paid or fully accrued for all taxes shown to be due and payable on such returns (which
taxes are all the taxes due and payable under the laws and regulations pursuant to which such returns were filed), and (iii) has
properly accrued for all such taxes accrued in respect of the Company or the assets and properties of the Company for periods
subsequent to the periods covered by such returns. No deficiency in payment of taxes for any period has been asserted by any taxing
body and remains unsettled at the date of this Agreement.

 

(j)                 
Title to Company Shares. The Shares are duly authorized, validly issued, fully paid and nonassessable.

 

(k)                
Title to Property and Assets. The Company has good and marketable title to all of the properties and assets used by it
in the conduct of its business (including, without limitation, the properties and assets reflected in the Financial Statements
and those listed on Schedule 4.A(k) hereto, except any thereof since disposed of for value in the ordinary course of business
and none of such properties or assets is, except as disclosed in the Financial Statements, subject to a contract of sale not in
the ordinary course of business, or subject to security interests, mortgages, encumbrances, liens or charges of any kind or character.

 

(l)                
Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the
assets of the Company or required to be used in the ordinary course of business are in good, merchantable or in reasonably repairable
condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given
to any inventory with respect to obsolete or discontinued products. All of the inventories and equipment, including equipment
leased to others, are well maintained and in good operating condition.

 

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(m)              
Real Estate. Schedule 4.A (m) contains a list of all real property owned by the Company or in which the Company has a leasehold
or other interest and of any lien, charge or encumbrance thereupon. Schedule 4A (m) also contains a substantially accurate description
identifying all such real property and the significant rental terms (including rents, termination dates and renewal conditions).
The improvements upon such properties and use thereof by the Company conform to all applicable lease restrictions, zoning and
other local ordinances. The Company: (i) has not caused any releases of any Hazardous Substance (as defined herein) anywhere which
requires remediation or clean-up pursuant to any Environmental Law (as defined herein), and (ii) has not disposed of Hazardous
Substances anywhere except in compliance in all material respects with applicable Environmental Laws. The Company not has conducted
or engaged in any operation or activity involving the use, storage or disposal of any Hazardous Substance except as authorized
by applicable Environmental Laws. There is no pending or threatened, lawsuit, action, claim or proceeding by any third party alleging
or asserting that either Company has violated or is about to violate any applicable Environmental Law. “Environmental Law”
shall be defined as any judgment, decree, order, law, license, permit, rule or regulation pertaining to environmental matters,
including, without limitation, those arising under the Resource Conservation and Recovery Act (“RCRA”), the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, as amended (“CERCLA”), the Superfund Amendments and
Reauthorization Act of 1986 (“SARA”), the Federal Water Pollution Control Act, the Solid Waste Disposal Act, as amended,
the Federal Clean Water Act, the Federal Clean Air Act, the Toxic Substances Control Act, or any state or local statute, regulation,
ordinance, order or decree relating to health, safety or the environment. Hazardous Substance shall be defined as any hazardous
waste, as defined by 42 U.S.C. 6903(5), any hazardous substance as defined by 42 U.S.C. 9601(14), any pollutant or contaminant
as defined by 42 U.S.C. 9601(33) or any toxic substance, oil or hazardous material or other chemical or substance regulated by
any Environmental Laws.

 

(n)                
List of Contracts and Other Data. Schedule 4.A (n) sets forth the following:

 

(i)                  
all patents and registrations for trademarks, trade names, service marks and copyrights which are unexpired as of the date of
this Agreement and which are used in connection with the operation of the Company's business, as well as all applications pending
on said date for patents or for trademark, trade name, service mark or copyright registrations, and all other proprietary rights,
owned or held by the Company and which are reasonably necessary to, or used in connection with, the business of the Company,

 

(ii)                
all licenses granted by or to the Company and all other agreements to which the Company is a party and which relate, in whole
or in part, to any items of the categories mentioned in (i) above or to other proprietary rights of the Company which are reasonably
necessary to, or used in connection with, the business of the Company;

 

(iii)               
all contracts, understandings and commitments (including, without limitation, mortgages, indentures and loan agreements) to which
the Company is a party, or to which it or any of its assets or properties are subject and which are not specifically referred
to in subsections (i) or (ii) above.

 

(iv)              
the names and current annual compensation rates of all management employees of the Company; and

 

(v)                
all customer backlog which is represented by firm purchase orders, identifying the customers, products and purchase prices.

 

True
and complete copies of all documents and complete descriptions of all oral understandings, if any, referred to in this Section
4A(n) have been provided or made available to Buyer and his counsel.

 

(o)                   
Business Property Rights. (i) The property referred to in Section 4.A(n)(i) above, together with all designs, methods,
inventions and know-how related thereto and all trademarks, trade names, service marks, and copyrights claimed or used by the
Company which have not been registered (collectively "Business Property Rights"), constitute all such proprietary rights
owned or held by the Company and which are reasonably necessary to, or used in the conduct of the business of the Company. The
computer software and all related designs, methods, inventions and know-how constitute trade secrets of the Company within the
meaning of all applicable laws, and the Company has taken all necessary steps required by law to protect these trade secrets as
such. The Company owns or has valid rights to use all such Business Property Rights without conflict with the rights of others.
No person or corporation has made or threatened to make any claims that the operation of the business of the Company is in violation
of or infringes any Business Property Rights or any other proprietary or trade rights of any third party. No third party is in
violation of or is infringing upon any Business Property Rights.

 

(p)                   
No Breach or Default. Except as described on Schedule 4.A(p), the Company is not in default under any contract to which
it is a party or by which it is bound, nor has any event occurred which, after the giving of notice or the passage of time or
both, would constitute a default under any such contract. The Company has no reason to believe that the parties to such contracts
will not fulfill their obligations under such contracts in all material respects or are threatened with insolvency.

 

(q)                
Labor Controversies. Schedule 4.A(q) sets forth the following:

 

(i)                  
the names and current annual compensation rates of all employees of the Company; and

 

(ii)                
all collective bargaining agreements, employment and consulting agreements, executive compensation plans, bonus plans, profit-sharing
plans, deferred compensation agreements, employee pension or retirement plans, employee stock purchase and stock option plans,
group life insurance, hospitalization insurance or other plans or arrangements providing for benefits to employees of the Company;

 

The
Company is not a party to any collective bargaining agreement. There are not any controversies between the Company and any of
its employees which might reasonably be expected to materially adversely affect the conduct of its business, or any unresolved
labor union grievances or unfair labor practice or labor arbitration proceedings pending or threatened relating to its business,
and there are not any organizational efforts presently being made or threatened involving any of the Company's employees. The
Company has not received notice of any claim that the Company has not complied with any laws relating to the employment of labor,
including any provisions thereof relating to wages, hours, collective bargaining, the payment of social security and similar taxes,
equal employment opportunity, employment discrimination and employment safety, or that the Company is liable for any arrears of
wages or any taxes or penalties for failure to comply with any of the foregoing.

 

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(r)                     
Litigation. There are no actions, suits or proceedings with respect to the Company involving claims by or against the Company
which are pending or, to the Company’s best knowledge, threatened against any of them, whether individually or jointly,
at law or in equity, or before or by any federal, state, municipal or other governmental department, commission, board, bureau,
agency or instrumentality. No basis for any action, suit or proceeding exists, and there are no orders, judgments, injunctions
or decrees of any court or governmental agency with respect to which the Company has been named or to which the Company is a party,
which apply, in whole or in part, to the business of the Company, or to any of the assets or properties of the Company or which
would result in any material adverse change in the business or prospects of the Company.

 

(s)                     Potential
Conflicts of Interest. No officer, director or stockholder of the Company or any affiliate of any of them (a) owns, directly
or indirectly, any interest in (excepting not more than five percent (5%) stock holdings for investment purposes in securities
of publicly held and traded companies) or is an officer, director, employee or consultant of any person or entity which is a competitor,
lessor, lessee, customer or supplier of the Company; (b) owns, directly or indirectly, in whole or in part, any tangible or intangible
property which the Company is using or the use of which is necessary for the business of the Company; or (c) has any cause of
action or other claim whatsoever against, or owes any amount to, the Company, except for claims in the ordinary course of business,
such as for accrued vacation pay, accrued benefits under employee benefit plans and similar matters and agreements. 

 

(t)                     Suppliers
and Customers. Schedule 4.A(t) lists all of the suppliers and all of the customers the Companies during each of the
last two fiscal years. The relationships of the applicable Company with such suppliers and customers are good commercial working
relationships and, except as set forth on Schedule 4(t), no supplier or customer of material importance to the Company has cancelled
or otherwise terminated, or threatened to cancel or otherwise to terminate, its relationship with the Company, or has during the
last twelve (12) months decreased materially, or threatened to decrease or limit materially, its services, supplies or materials
for use by the Company or its usage or purchase of the services or products of the Company except for normal cyclical changes
related to customers’ businesses. No such supplier or customer intends to cancel or otherwise substantially modify its relationship
with Company or to decrease materially or limit its services, supplies or materials to Company, or its usage or purchase of the
services of the Company, and, the communication of the transactions contemplated hereby will not materially adversely affect the
relationship of Buyer with any such supplier or customer. 

 

(u)                
Accounts Receivable. All accounts and notes receivable reflected on the Year End Balance Sheets, and all accounts
and notes receivable arising subsequent to the date of the Year End Balance Sheets, have arisen in the ordinary course of business,
represent valid obligations owing to the Company and have been collected or are collectible in the aggregate recorded amounts
thereof in accordance with their terms.

 

(v)                   
Broker. Neither the Company nor any affiliate of the Company has retained, utilized or been represented by any broker,
agent, finder or intermediary in connection with the negotiation or consummation of the transactions contemplated by this Agreement.

 

(w)                  
No Misrepresentation or Omission. No representation or warranty by the Company in this Section 4.A or in any other Section
of this Agreement, or in any certificate or other document furnished or to be furnished by the Company pursuant hereto, contains
or will contain any untrue statement of a material fact or omits or will omit to state a material fact necessary in order to provide
Buyer with accurate information as to the Company. The representations of the Company made in writing in connection with the transactions
contemplated hereby (in each case except as affected by the transactions contemplated by this Agreement) shall survive the Closing
and the transactions contemplated hereby.

 

4.B              
Representations and Warranties of Buyer.

 

(a)             
Existence; Good Standing; Corporate Authority; Compliance With Law. Buyer is a corporation duly incorporated, validly existing
and in good standing under the laws of its jurisdiction of incorporation.

 

(b)           
Validity and Effect of Agreements. This Agreement constitutes, and all agreements and documents contemplated hereby when
executed and delivered pursuant hereto will constitute, the valid and legally binding obligations of Buyer enforceable in accordance
with their terms. The execution and delivery of this Agreement does not and the consummation of the transactions contemplated
hereby will not (i) require the consent of any third party, (ii) result in the breach of any term or provision of, or constitute
a default under, or result in the acceleration of or entitle any party to accelerate (whether after the giving of notice or the
lapse of time or both) any obligation under, or result in the creation or imposition of any lien, charge, pledge, security interest
or other encumbrance upon any part of the property of Buyer pursuant to any provision of, any order, judgment, arbitration award,
injunction, decree, indenture, mortgage, lease, license, lien, or other agreement or instrument to which Buyer is a party or by
which any of them is bound, or violate or conflict with any provision of the Bylaws or Articles of Incorporation of the Buyer
as amended to the date of this Agreement (other than agreements requiring to the increase in the authorized shares of the Buyer’s
common stock, for which approval of Buyer’s shareholders is required).

 

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5.                  
Buyer's Conditions of Closing.  The obligation of Buyer to purchase and pay for the Shares shall be subject to and conditioned
upon the satisfaction at the Closing of each of the following conditions:

 

(a)           
All representations and warranties of the Company contained in this Agreement and the Schedules hereto shall be true and correct
at and as of the Closing Date, the Company shall have performed all agreements and covenants and satisfied all conditions on their
part to be performed or satisfied by the Closing Date pursuant to the terms of this Agreement, and Buyer shall have received a
certificate of the Company dated the Closing Date to such effect.

 

(b)                
There shall have been no material adverse change since the date of the Year End Balance Sheets in the financial condition, business
or affairs of the Company, the Company shall not have suffered any material loss (whether or not insured) by reason of physical
damage caused by fire, earthquake, accident or other calamity which substantially affects the value of its assets, properties
or business, and Buyer shall have received a certificate of the Company dated the Closing Date to such effect.

 

(c)                    
Neither any investigation of the Company nor the Schedules attached hereto or any supplement thereto nor any other document delivered
to Buyer as contemplated by this Agreement, shall have revealed any facts or circumstances which materially impairs the Company
or its financial condition, assets, liabilities (absolute, accrued, contingent or otherwise), reserves, business, operations or
prospects.

 

(d)                   
No suit, action, investigation, inquiry or other proceeding by any governmental body or other person or legal or administrative
proceeding shall have been instituted or threatened which questions the validity or legality of the transactions contemplated
hereby.

 

(e)                    
As of the Closing Date, there shall be no effective injunction, writ, preliminary restraining order or any order of any nature
issued by a court of competent jurisdiction directing that the transactions provided for herein or any of them not be consummated
as so provided or imposing any conditions on the consummation of the transactions contemplated hereby, which is unduly burdensome
on the Company.

 

(f)                    
The Company shall have delivered to Buyer audited financial statements and unaudited pro forma financial information in accordance
with the requirements of Rule 8-04 of Regulation S-X to be used by the Buyer in its filings with the U.S. Securities and Exchange
Commission;

 

(g)                    
The Company shall deliver to the Buyer non-disclosure agreements and non-compete agreements signed by the Jeffery J. Crandall,
John N. Marcheso and Michael J. Bibin, the principal shareholders of the Company, in the form attached hereto as Exhibit “A”
(Nondisclosure/Non- circumvention Agreement”);

 

(h)                   
Except for the options held by Robert Thomas (as described above in Paragraph 2(d)), the Company shall have delivered to the Buyer
written evidence that all outstanding options have been relinquished or otherwise terminated; and

 

(i)                     
The Company shall have delivered to the Buyer written evidence that no shareholder has exercised dissenters rights (appraisal
rights) under Idaho Code §§ 30-1-1301 through 30-1-1331.

 

6.                  
 The  Compan y’s  and  Selling  Stockholder ’s  Co nditions  of  Closing . The obligation of the Company to
sell the Shares shall be subject to and conditioned upon the satisfaction at the Closing of each of the following conditions:

 

(a)                   
All representations and warranties of Buyer contained in this Agreement shall be true and correct at and as of the Closing Date,
Buyer shall have performed all agreements and covenants and satisfied all conditions on its part to the performed or satisfied
by the Closing Date pursuant to the terms of this Agreement, and the Company shall have received a certificate of Buyer dated
the Closing Date to such effect.

 

(b)                   
The approval and all consents from third parties and governmental agencies required to consummate the transactions contemplated
hereby shall have been obtained.

 

(c)                    
No suit, action, investigation, inquiry or other proceeding by any governmental body or other person or legal or administrative
proceeding shall have been instituted or threatened which questions the validity or legality of the transactions contemplated
hereby.

 

(d)                   
As of the Closing Date, there shall be no effective injunction, writ, preliminary restraining order or any order of any nature
issued by a court of competent jurisdiction directing that the transactions provided for herein or any of them not be consummated
as so provided or imposing any conditions on the consummation of the transactions contemplated hereby, which is unduly burdensome
on the Company.

 

7.                  
Consents and Approvals of Parties.  (a) Each of the parties to this Agreement hereby consents to the transactions contemplated
by this Agreement and hereby waives any right that any of the parties to this Agreement may have to object to the transactions
contemplated by this Agreement or to claim any preemptive or other right by reason of such transactions, under any agreement or
under the By-laws or the Articles of Incorporation of the Company.

 

(b)
The Company shall provide Buyer with a Certificate of the Company evidencing that the transactions contemplated by this Agreement
have been approved by the shareholders and Board of Directors of the Company at separate meetings of the shareholders and Board
of Directors specially convened for that purpose.

 

    	7

    	 

    

 

8.                  
Indemnification. (a) The Company agrees to indemnify and hold harmless Buyer against (i) any payment, loss, cost or expense
(including reasonable attorney's fees) made or incurred by or asserted against Buyer and/or the Company at any time after the
Closing Date in respect of any omission, misrepresentation, breach of warranty, or non-fulfillment of any term, provision, covenant
or agreement on the part of the Company contained in this Agreement, or from any misrepresentation in, or omission from, any certificate
or other instrument furnished or to be furnished pursuant to this Agreement; (ii) any actual or alleged liability (including,
without limitation, any liability or alleged liability for cleanup, removal, remediation or other response costs or for death
or injury to person or property) arising from (x) the violation by the Company of any Environmental Law on or prior to the Closing
Date, (y) the release, emission, discharge or presence on or prior to the Closing Date of any Hazardous Substance, toxic pollutants
or other chemical by-products onto, from or into any real property presently or formerly owned, leased or operated by the Company
or any affiliate thereof or any predecessors in interest of any of them, or (z) the transportation by the Company or their subcontractors
of any Hazardous Substance, toxic pollutant or other chemical by-product; (iii) any claim under or pursuant to any employee benefit
plan or any liability under ERISA or the Internal Revenue Code with respect to any employee benefit plan or other benefit plan
of any person that at any time prior to the Closing Date an employee or provided service to the Company; (iv) any claims for worker’s
compensation relating to the period prior to the Closing Date.

 

(b)
Buyer agrees to indemnify and hold harmless the Company and any of its officers and directors against any payment, loss, cost
or expense (including reasonable attorney's fees) made or incurred by or asserted against them at any time after the Closing Date
in respect of any omission, misrepresentation, breach of warranty, or non-fulfillment of any term, provision, covenant or agreement
on the part of Buyer contained in this Agreement, or from any misrepresentation in, or omission from, any certificate or other
instrument furnished or to be furnished pursuant to this Agreement

 

9.                  
Termination  and  Abandonment.  (a) The transactions contemplated herein may be terminated and/or abandoned at any time
before or after approval thereof by the Company or Buyer, but not later than the Closing Date:

 

(i)         
by mutual consent of the Company and Buyer;

 

(ii)         
by Buyer on or before the Closing Date if any of the conditions provided for in Section 5 hereof for the benefit of such party
shall not have been met and Company is unable to cure the alleged  breach  within  30  days  of  written  notice  thereof,  which
 notice  must describe  the  failed condition(s) in reasonable detail;

 

(iii)         
by the Company on or before the Closing Date if any of the conditions provided for in Section 6 hereof for the benefit of such
party shall not have been met and Buyer is unable to cure the alleged breach within 30 days of written notice thereof, which notice
must describe the failed condition(s) in reasonable detail;

 

(b)
In the event of termination and/or abandonment by the Company or Buyer, or all of them, pursuant to subsection (a) above, written
notice thereof shall forthwith be given to the other party and the transactions contemplated by this Agreement shall be terminated
and/or abandoned, without further action the Company or Buyer. If the transactions contemplated by this Agreement are terminated
and/or abandoned as provided herein, no party hereto shall have any liability or further obligation to any other party to this
Agreement; provided, however, that if Company terminates the transactions contemplated herein as a result of Buyer’s breach,
as set forth above in subparagraph 9(a)(iii), the nonrefundable deposit of $50,000.00 shall be retained by Company, as agreed
upon by the parties under the Letter of Intent.

 

10.               
Attorneys' Fees. Company and Buyer shall each be responsible for its own attorneys' fees in connection with the negotiation
and preparation of this Agreement.

 

11.               
Further Assurances. The parties from time to time shall execute and deliver such additional documents and instruments and
take such additional actions as may be necessary to carry out the transactions contemplated in this Agreement.

 

12.               
Binding Effect. Subject to the provisions of this Section, this Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective successors, assigns, heirs, executors and administrators; provided, however, that except
as expressly provided in this Section neither party may assign its rights or delegate its obligations hereunder without the consent
of the other parties.

 

13.               
Confidentiality. Each party agrees that disclosure of the terms of this Agreement would be prejudicial to the interests
of the parties hereto. Accordingly, each party agrees not to disclose the terms of this Agreement or the nature of any disputes
or proceedings under this Agreement except to the extent required by law, as may be necessary to enforce such party's rights hereunder,
for a party to obtain or renew bank financing, or as may be required by generally accepted accounting principles, in the opinion
of Buyer’s independent certified public accountant, in Buyer’s financial statements or the notes thereto.

 

14                
Exclusive Dealing. Neither the Company nor any of Company’s officers or directors, directly or indirectly, through
any representative or otherwise, will solicit or entertain offers from, negotiate or in any manner encourage, discuss, accept
or consider any proposal from any other person relating to the acquisition, in whole or in part, of the assets of the Company,
or its business whether directly or indirectly, through purchase, merger, consolidation, or otherwise. The Company will notify
Buyer, immediately upon learning thereof, regarding any contact between the Company and their representatives or other person
regarding any such offer or proposal.

 

    	8

    	 

    

 

15                
Disclosure Of Information

 

(a)           
The Company acknowledges that, in the course of its relationship with Buyer, they have had access to certain confidential and/or
non-public information pertaining to Buyer, including without limitation, trade secrets, know-how, formulas, marketing plans,
financial information, processes, policies, formulas, creations, designs, materials, techniques, patents, technologies, compositions,
improvements, ideas, specifications, or other information relating to Buyer. All information, and all documents, records, notebooks,
drawings, photographs, and any repositories or representations of such information, in whatever form or media, and whether or
not specifically labeled confidential, are hereinafter referred to as “Confidential Information". The Company, on behalf
of themselves and each of their respective employees, agents, representatives, and affiliate, agrees that from the date hereof
keep secret and confidential and shall not in any manner disclose or exploit any Confidential Information other than to those
specific individuals who are required to obtain such Confidential Information for the purpose of performing their obligations
under this Agreement. The Company agrees that they, and their respective employees, agents, representatives, and affiliates will
hold in strict trust and confidence all such Confidential Information, that neither they nor any of their respective employees,
agents, representatives, or affiliates will use such Confidential Information for any purposes whatsoever other than in the course
of performance of their respective obligations under this Agreement. Neither the Company nor any of their respective employees,
agents, representatives or affiliates shall copy, reproduce, sell, reveal, use or otherwise disclose any such Confidential Information
to any persons or entity whatsoever except in the course of performance of their respective obligations under this Agreement.

 

(b)          
Upon consummation of the transaction contemplated by this Agreement, the Company shall provide Buyer with all lists, books, records,
files, documents, forms and similar items, and all copies thereof in its possession, which contain any Confidential Information.

 

16.7Miscellaneous.
(a) Any notice given hereunder shall be in writing and shall be conclusively presumed to have been given when delivered by hand
or when deposited in the United States mail, certified mail, return receipt requested, postage prepaid, addressed to the parties
at the addresses indicated in this Agreement. The address of any party hereto may be changed by giving notice thereof to all other
parties hereto at any time.

 

(b)            This
Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understanding and agreements
concerning the subject matter hereof. No modification hereof shall be binding upon any party unless in writing and signed by or
on behalf of the party against which the modification is asserted.

 

(c)            Waiver
of any provision hereof must be in writing signed by the party to be charged with the effect thereof. Waiver of any default or
breach of this Agreement shall not be deemed a waiver of any other default or breach.

 

(d)            All
section headings herein shall be only for purposes of reference and shall have no substantive significance.

 

(e)            This
Agreement shall be governed by and construed in accordance with the laws of the State of Idaho. Each of the parties hereto, as
to any legal action or proceeding arising out of or based upon this Agreement, (i) hereby submits to the jurisdiction of, and
waives all objections to venue in, the courts of the State of Idaho, the United States District Court for Idaho and any court
from which an appeal might be taken from such courts and (ii) agrees that in the event that service cannot be made upon him or
it in any such proceeding by personal service within the State of Nevada, service may be effected by mail to him or it in the
same manner as notices are required to be given to him or it under subsection (a) above.

 

(f)            Wherever
possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable laws;
should any portion of this Agreement be declared invalid for any reason in any jurisdiction, such declaration shall have no effect
upon the remaining portions of this Agreement, furthermore, the entirety of this Agreement shall continue in full force and effect
in all other jurisdictions and said remaining portions of this Agreement shall continue in full force and effect in the subject
jurisdiction as if this Agreement had been executed with the invalid portions thereof deleted.

 

(g)          All
of the terms, conditions, warranties and representations contained in this Agreement shall survive, in accordance with their terms,
delivery by the Selling Stockholders of the consideration to be given by him hereunder and delivery by Buyer of the consideration
to be given by them hereunder, and shall survive the execution hereof and the Closing hereunder.

 

(h)        
All notices, demands and other communications hereunder shall be in writing or by written telecommunication, and shall be deemed
to have been duly given if delivered personally or if mailed by certified mail, return receipt requested, postage prepaid, or
if sent by overnight courier, or sent by written telecommunication, as follows:

 

    	9

    	 

    

 

If
to the Company, to:

 

Jeffery
Crandall, President 

Xtreme
Technologies, Inc. 11495 Warren St.

Hayden,
ID  83835

Fax
 

 

With
a copy sent contemporaneously to:

 

Owens
& Crandall, PLLC 

8596
N. Wayne Dr., Ste. A

Hayden,
Idaho 83835

Fax
#: 208-667-1939

 

If
to the Buyer, to:

 

Robert
Eakle, President

Alkame
Holdings, Inc. 3

651
Lindell Rd. Suite D #356

Las
Vegas, NV 89103

Email:
robert.eakle@alkamewater.com

 

With
a copy sent contemporaneously to:

 

Scott
Doney, Esq. 

Cane,
Clark, LLP

3273
E. Warm Springs Rd.

Las
Vegas, NV 89120

Fax
: 702-944-7100

 

Any
such notice shall be effective (a) if delivered personally, when received, (b) if sent by overnight courier, when receipted for,
(c) if mailed, three (3) days after being mailed as described above, and (d) if sent by written telecommunication, when dispatched.

 

(remainder
of page left intentionally blank)

 

    	10

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written.

 

	Buyer:

	 	Seller(s):
	Alkame HoldingsAlkame Holdings,
    Inc.	 	Xtreme Technologies, Inc.
	By:	/s/ Robert K. Eakle	 	By: /s/ Jeffrey J. Crandall
    
	Title:	CEO and President	 	Title: President/ CEO
	Date:	 4/21/14	 	Date:4/21/14

 EXHIBIT
“A”

 

NONDISCLOSURE
AND NON-CIRCUMVENTION AGREEMENT

 

The
undersigned,(hereinafter “Principal”), a primary shareholder and former director and officer of Xtreme
Technologies, Inc., an Idaho corporation, d/b/a Advanced Hydration Technology and Bio2 Pet Labs, or any of their successors, assigns
and affiliated companies (hereinafter “Company”), in consideration of the sale of the capital stock of Company to
Alkame Holdings, Inc., a Nevada corporation (“Buyer”), hereby agrees and covenants as follows:

 

1.                 
Nondisclosure.

 

(a)               
The Principal acknowledges that, in the course of Company’s relationship with Buyer, they have had access to certain confidential
and/or non-public information pertaining to Buyer, including without limitation, trade secrets, know-how, formulas, marketing
plans, financial information, processes, policies, formulas, creations, designs, materials, techniques, patents, technologies,
compositions, improvements, ideas, specifications, or other information relating to Buyer. All information, and all documents,
records, notebooks, drawings, photographs, and any repositories or representations of such information, in whatever form or media,
and whether or not specifically labeled confidential, are hereinafter referred to as “Confidential Information”. The
Principal, on behalf of themselves and each of their respective employees, agents, representatives, and affiliate, agrees that
from the date hereof keep secret and confidential and shall not in any manner disclose or exploit any Confidential Information
other than to those specific individuals who are required to obtain such Confidential Information for the purpose of performing
their obligations under this Agreement. The Principal agrees that they, and their respective employees, agents, representatives,
and affiliates will hold in strict trust and confidence all such Confidential Information, that neither they nor any of their
respective employees, agents, representatives, or affiliates will use such Confidential Information for any purposes whatsoever
other than in the course of performance of their respective obligations under this Agreement. Neither the Principal nor any of
their respective employees, agents, representatives or affiliates shall copy, reproduce, sell, reveal, use or otherwise disclose
any such Confidential Information to any persons or entity whatsoever except in the course of performance of their respective
obligations under this Agreement.

 

(b)              
Upon consummation of the transaction described above, the Principal shall warrant, represent and certify that they have (i) not
and will not use any Confidential Information other than in the course of their relationship with Buyer, (ii) deleted all Confidential
Information from all personal computers and (iii) return to Buyer all paper or other hard copies of any and all Confidential Information
in their possession or control.

 

(c)               
The Principal acknowledges that any breach by them or their employees, agents, representatives, or affiliates, of any provision
of this Agreement, would cause great and irreparable harm to Buyer, which harm could not reasonably be reduced to monetary damages.
Accordingly, in addition to whatever other rights Buyer may have in the event of such breach, Buyer shall have the right to specific
performance or an injunction or similar relief prohibiting further breach of this Agreement by the Principal or their respective
employees, agents or representatives, or affiliates.

 

2.         
Non-Competition.

 

(a)               
For a period of three (3) years following the Closing Date, the Principal will not, as a principal, agent, employee, consultant,
officer, director, investor, joint venture participant or partner of any person, firm, corporation or business entity other than
Buyer, directly or indirectly, without the express prior written consent of Buyer: (1) engage or participate in any business whose
products or services are competitive with that that of the Principal; (2) aid or counsel any other person, firm, corporation or
business entity to do any of the above; (3) become engaged by a firm, corporation, partnership or joint venture which competes
with the business of the Principal; or (4) approach, solicit business from, or otherwise do business or deal with any customer
of the Principal in connection with any product or service competitive to any provided by the Principal.

 

(b)              
For a period of two (3) years following the Closing Date, the Principal will not solicit, encourage, or cause others to solicit
or encourage any employees, independent contractors, or clients of the Principal to terminate their employment, contractual, or
client relationship with the Principal or Buyer.

 

(c)               
The Principal believes that the restrictions placed on them, in the light of all the consideration paid and circumstances surrounding
this transaction and the nature of Buyer’s and the Principal’s business, are reasonable as to scope, period of time
and geographical area. Nevertheless, it is the intent of the parties that this Agreement be enforceable and restrict the Principal
only to the extent permitted by law. In the event any court of competent jurisdiction finds any provision of this Agreement unlawfully
onerous or oppressive, the parties will stipulate and agree to such modification of the terms of this Agreement as such court
shall consider appropriate and shall not claim that this Agreement is void or voidable.

 

3.                 
 Attorney’s Fees.In the event that any litigation or other legal action should be required by reason of any of
the terms or provisions of this Agreement, Principal shall agree to submit to exclusive jurisdiction and venue in Kootenai County,
Idaho, and Company shall be entitled to reasonable attorneys' fees and costs in connection with such litigation or legal action.

 

IN
WITNESS  WHEREOF, the undersigned has executed this Agreement as of this___day of___, 2014.

 

 

(Name
of Principal)

    	11EX10.1-1Q14

Exhibit 10.1

[Form of 2014 PRSU]

CELANESE CORPORATION
2009 GLOBAL INCENTIVE PLAN 
 

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT 
DATED <<date>>

<<NAME>>

Pursuant to the terms and conditions of the Celanese Corporation 2009 Global Incentive Plan, you have been awarded Performance-Based Restricted Stock Units, subject to the restrictions described in this Agreement:

Performance RSU Target Award

<<Target Units>> Units

This grant is made pursuant to the Performance-Based Restricted Stock Unit Award Agreement dated as of <<date>>, between Celanese and you, which Agreement is attached hereto and made a part hereof.

Page 1

	
		
	 
	© 2014 Celanese Corporation

CELANESE CORPORATION
2009 GLOBAL INCENTIVE PLAN

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
This Performance-Based Restricted Stock Unit Award Agreement (the “Agreement”) is made and entered into as of <<date>> (the “Grant Date”), by and between Celanese Corporation, a Delaware corporation (the “Company”), and <<NAME>> (the “Participant”).  Capitalized terms used, but not otherwise defined, herein shall have the meanings ascribed to such terms in the Celanese Corporation 2009 Global Incentive Plan (as amended from time to time, the “2009 Plan”).
1.Performance RSU Award:  In order to encourage the Participant’s contribution to the successful performance of the Company, the Company hereby grants to the Participant as of the Grant Date, pursuant to the terms of the 2009 Plan and this Agreement, an award (the “Award”) of <<# Units>> performance-based Restricted Stock Units (“Performance RSUs”) representing the right to receive, subject to the attainment of the performance goals set forth in Appendix A, the number of Common Shares to be determined in accordance with the formula set forth in Appendix A. The Participant hereby acknowledges and accepts such Award upon the terms and subject to the performance requirements and other conditions, restrictions and limitations contained in this Agreement and the 2009 Plan.
2.    Performance-Based Adjustment and Vesting:  
(a)    Subject to Section 3 and Section 6 of this Agreement, the Performance RSUs are subject to adjustment for performance during the Performance Period in accordance with the performance measures, targets and methodology set forth in Appendix A. The number of Performance RSUs determined after the Performance Period based on such performance is referred to as the “Performance-Adjusted RSUs.”  
(b)    Subject to Section 3 and Section 6 of this Agreement, the Performance-Adjusted RSUs shall vest fifty percent (50%) on February 1, 2016 and fifty percent (50%) on January 1, 2017 (each, a “Vesting Date”).  Each period between the Grant Date and a Vesting Date shall be referred to as a “Vesting Period.”
3.    Effects of Certain Events:
(a)    If the Participant’s employment with the Company is terminated by the Company without Cause or due to the Participant’s Retirement prior to the final Vesting Date (other than as provided in Section 3(b)), then: 
(i) in all such cases the Performance RSUs shall remain subject to adjustment for performance as provided in Section 2(a) above, including if such termination of employment occurs during the Performance Period; and 
(ii) a prorated number of the Performance-Adjusted RSUs will vest on each Vesting Date that occurs after such termination of employment in an amount equal to (x) the unvested Performance-Adjusted RSUs in each applicable Vesting Period multiplied by (y) a fraction, the numerator of which is the number of complete and partial calendar months from the Grant Date to the date of termination, and the denominator of which is the number of complete and partial calendar months in each applicable Vesting Period, such product to be rounded up to the nearest whole number.  

Page 2

Such prorated Performance-Adjusted RSUs will be settled following the applicable Vesting Date(s) in accordance with the provisions of Section 4, subject to any applicable taxes under Section 7 upon such vesting and settlement.  The remaining portion of the Award shall be immediately forfeited and cancelled without consideration as of the date of the Participant’s termination of employment. To the extent permitted by applicable country, state or province law, as consideration for the vesting provisions upon Retirement contained in this Section 3(a), upon Retirement, the Participant shall enter into a departure and general release of claims agreement with the Company that includes two-year noncompetition and non-solicitation covenants in a form acceptable to the Company.
(b)    Notwithstanding any provision herein to the contrary, if the Participant’s employment with the Company is terminated by the Company in connection with a Qualifying Disposition, as determined by the Company, other than for Cause, and regardless of whether the Participant is then eligible for Retirement or is offered employment with the acquiror or successor, then: 
(i) a prorated number of the unvested Performance RSUs determined in accordance with the provisions of Section 3(a) had those provisions applied shall remain subject to adjustment for performance as provided in Section 2(a) above, including if such termination of employment occurs during the Performance Period, and shall be settled in accordance with the provisions of Section 3(a); and 
(ii) the remaining number of the unvested Performance RSUs that would have otherwise been forfeited had the provisions of Section 3(a) applied shall remain subject to adjustment for performance as provided in Section 2(a) above, including if such termination of employment occurs during the Performance Period, and any such  Performance-Adjusted RSUs will vest and be settled within thirty (30) days following the later of (A) the last day of the Performance Period or (B) the date of such termination of employment, subject to any applicable taxes under Section 7 upon such vesting and settlement. 
Notwithstanding the foregoing, in case of a termination of employment covered by this Section 3(b), if the Committee determines that the Participant has been offered employment with the acquiror or successor and in connection with that employment will receive a substitute award from the acquiror or successor with an equivalent (or greater) economic value and no less favorable vesting conditions as this Award, the Committee in its discretion may determine not to provide for the additional vesting under clause (ii) of this Section 3(b).    
(c)    If the Participant’s employment with the Company is terminated due to the Participant’s death or Disability prior to the final Vesting Date, then a prorated number of Performance RSUs will vest in an amount equal to: 
(i) either (x) the Target number of Performance RSUs granted hereby if such termination of employment occurs prior to the first Vesting Date as set forth in Section 4 below, or (y) the number of Performance-Adjusted RSUs if such termination of employment occurs on or after such Vesting Date, in either case multiplied by 
(ii) a fraction, the numerator of which is the number of complete and partial calendar months from the Grant Date to the date of termination, and the denominator of which is the number of complete and partial calendar months in each applicable Vesting Period, such product to be rounded up to the nearest whole number. 

Page 3

The prorated number of Performance RSUs shall immediately vest and a number of Common Shares equal to such prorated number of Performance RSUs described above shall be delivered to the Participant or beneficiary within thirty (30) days following the date of termination, subject to the provisions of Section 7.  The remaining portion of the Award shall be immediately forfeited and cancelled without consideration as of the date of the Participant’s termination of employment for death or Disability.  
(d)    Upon the termination of a Participant’s employment with the Company for any other reason prior to the final Vesting Date, the portion of the Award that shall not have been vested shall be immediately forfeited and cancelled without consideration as of the date of the Participant’s termination of employment.  
4.    Settlement of Performance RSUs:  The Committee shall determine the Performance-Adjusted RSUs as soon as administratively practicable following the computation of the Company’s performance during the Performance Period (but not later than 2 1⁄2 months after the first Vesting Date).  The date of such determination is referred to as the “Performance Certification Date.” Subject to Sections 2, 3, 5, 6 and 7 of this Agreement, the Company shall deliver to the Participant (or to a Company-designated brokerage firm or plan administrator) as soon as administratively practicable after each Vesting Date (but in no event later than 2 1⁄2 months after such Vesting Date, and not before the Performance Certification Date in connection with the first Vesting Date), in complete settlement of the Performance-Adjusted RSUs vesting on such Vesting Date, a number of Common Shares equal to fifty percent (50%) of the Performance-Adjusted RSUs determined in accordance with this Agreement.
5.    Rights as a Stockholder:  The Participant shall have no voting, dividend or other rights as a stockholder with respect to the Award until the Performance RSUs have vested and Common Shares have been delivered pursuant to this Agreement.
6.    Change in Control; Dissolution:  
(a)    Notwithstanding any other provision of this Agreement to the contrary, upon the occurrence of a Change in Control, with respect to any unvested Performance RSUs granted pursuant to this Agreement that have not previously been forfeited:
(i)    If (i) a Participant’s rights to the unvested portion of the Award are not adversely affected in connection with the Change in Control, or, if adversely affected, a substitute award with an equivalent (or greater) economic value and no less favorable vesting conditions is granted to the Participant upon the occurrence of a Change in Control, and (ii) the Participant’s employment is terminated by the Company (or its successor) without Cause within two years following the Change in Control, then Performance RSUs in an amount equal to the higher of (A) the Target number of Performance RSUs granted hereby (or, as applicable, the substitute award) or (B) the number of Performance RSUs payable based on estimated Company performance during the Performance Period through the Change in Control as determined by the Committee in accordance with this Agreement, shall immediately vest and a number of Common Shares equal to the number of Performance RSUs so determined shall be delivered to the Participant within thirty (30) days following the date of termination, subject to the provisions of Section 7.
(ii)    If a Participant’s right to the unvested portion of the Award is adversely affected in connection with the Change in Control and a substitute award is not made pursuant to Section 6(a)(i) above, then upon the occurrence of a Change in Control, a number of Performance RSUs equal to the higher of (A) the Target number of Performance RSUs granted hereby or (B) the number of Performance RSUs payable based on estimated 

Page 4

Company performance during the Performance Period through the Change in Control as determined by the Committee in accordance with this Agreement, shall immediately vest and a number of Common Shares equal to the number of Performance RSUs so determined shall be delivered to the Participant within thirty (30) days following the occurrence of the Change in Control, subject to the provisions of Section 7. 
(b)    Notwithstanding any other provision of this Agreement to the contrary, in the event of a corporate dissolution of the Company that is taxed under Section 331 of the Internal Revenue Code of 1986, as amended, then in accordance with Treasury Regulation Section 1.409A-3(j)(4)(ix)(A), this Agreement shall terminate and any Performance RSUs granted pursuant to this Agreement that have not previously been forfeited shall immediately become Common Shares and shall be delivered to the Participant within thirty (30) days following such dissolution.
7.    Income and Other Taxes:  The Company shall not deliver Common Shares in respect of any vested Performance RSUs unless and until the Participant has made arrangements satisfactory to the Committee to satisfy applicable withholding tax obligations for U.S. federal, state, and local income taxes (or the foreign counterpart thereof) and applicable employment taxes.    Unless otherwise permitted by the Committee, withholding shall be effected at the minimum statutory rates by withholding Performance RSUs in connection with the vesting and/or settlement of Performance-Adjusted RSUs.  The Participant acknowledges that the Company shall have the right to deduct any taxes required to be withheld by law in connection with the vesting or settlement of Performance-Adjusted RSUs from any amounts payable by it to the Participant (including, without limitation, future cash wages).  The Participant acknowledges and agrees that amounts withheld by the Company for taxes may be less than amounts actually owed for taxes by the Participant in respect of the Award.  Any vested Performance-Adjusted RSUs shall be reflected in the Company’s records as issued on the respective dates of issuance set forth in this Agreement, irrespective of whether delivery of such Common Shares is pending the Participant’s satisfaction of his or her withholding tax obligations.
8.    Securities Laws:  The Company may impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any resales by the Participant or other subsequent transfers by the Participant of any Common Shares issued as a result of the vesting or settlement of the Performance RSUs, including without limitation (a) restrictions under an insider trading policy, and (b) restrictions as to the use of a specified brokerage firm for such resales or other transfers.  Upon the acquisition of any Common Shares pursuant to the vesting or settlement of the Performance-Adjusted RSUs, the Participant will make or enter into such written representations, warranties and agreements as the Company may reasonably request in order to comply with applicable securities laws or with this Agreement and the 2009 Plan.  All accounts in which such Common Shares are held or any certificates for Common Shares shall be subject to such stop transfer orders and other restrictions as the Company may deem advisable under the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange or quotation system upon which the Common Shares are then listed or quoted, and any applicable federal or state securities law, and the Company may cause a legend or legends to be put on any such certificates (or other appropriate restrictions and/or notations to be associated with any accounts in which such Common Shares are held) to make appropriate reference to such restrictions.
9.    Non-Transferability of Award:  The Performance RSUs may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant other than by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company; provided, that the Participant may designate a beneficiary, on a form provided by the Company, to receive any portion of the Award payable hereunder following the Participant’s death.   

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10.    Other Agreements; Release of Claims:  Subject to Sections 10(a), 10(b) and 10(c) of this Agreement, this Agreement and the 2009 Plan constitute the entire understanding between the Participant and the Company regarding the Award, and any prior agreements, commitments or negotiations concerning the Award are superseded.
(a)    The Participant acknowledges that as a condition to the receipt of the Award, the Participant: 
(1)    shall have delivered to the Company an executed copy of this Agreement; 
(2)    shall be subject to the Company’s stock ownership guidelines, to the extent applicable to the Participant; 
(3)    shall be subject to policies and agreements adopted by the Company from time to time, and applicable laws and regulations, requiring the repayment by the Participant of incentive compensation under certain circumstances, without any further act or deed or consent of the Participant; and
(4)    shall have delivered to the Company an executed copy of the Long-Term Incentive Claw-Back Agreement (if a current version of such Long-Term Incentive Claw-Back Agreement is not already on file, as determined by the Committee in its sole discretion).  For purposes hereof, “Long-Term Incentive Claw-Back Agreement” means an agreement between the Company and the Participant associated with the grant of long-term incentives of the Company, which contains terms, conditions, restrictions and provisions regarding one or more of (i) noncompetition by the Participant with the Company, and its customers and clients; (ii) non-solicitation and non-hiring by the Participant of the Company’s employees, former employees or consultants; (iii) maintenance of confidentiality of the Company’s and/or clients’ information, including intellectual property; (iv) nondisparagement of the Company; and (v) such other matters deemed necessary, desirable or appropriate by the Company for such an agreement in view of the rights and benefits conveyed in connection with an award.
(b)    On or before the first Settlement Date, the Participant shall sign a full and final release, in a form prescribed by the Company, of any and all claims regarding calculation of the Performance-Adjusted RSUs under this Award as a condition to receiving payment on this Award.
(c)    If the Participant is a non-resident of the U.S., there may be an addendum containing special terms and conditions applicable to awards in the Participant’s country.  The issuance of the Award to any such Participant is contingent upon the Participant executing and returning any such addendum in the manner directed by the Company.
11.    Not a Contract for Employment; No Acquired Rights; Agreement Changes:  Nothing in the 2009 Plan, this Agreement or any other instrument executed in connection with the Award shall confer upon the Participant any right to continue in the Company's employ or service nor limit in any way the Company's right to terminate the Participant's employment at any time for any reason.  The grant of Performance RSUs hereunder, and any future grant of awards to the Participant under the 2009 Plan, is entirely voluntary and at the complete and sole discretion of the Company. Neither the grant of these Performance RSUs nor any future grant of awards by the Company shall be deemed to create any obligation to grant any further awards, whether or not such a reservation is expressly stated at the time of such grants. The Company has the right, at any time and for any reason, to amend, suspend or terminate the 2009 Plan; provided, however, that no such amendment, suspension, or termination shall adversely affect the Participant’s rights hereunder.  

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12.    Severability:  Should any provision of this Agreement be declared or held to be illegal, invalid or otherwise unenforceable, (a) such provision shall either be reformed, if possible, to the extent necessary to render it legal, valid and enforceable, or otherwise severed, (b) the remainder of this Agreement shall not be affected except to the extent necessary to reform or sever such illegal, invalid or unenforceable provision, and (c) in no event should such partial invalidity affect the remainder of this Agreement, which shall still be enforced.
13.    Further Assurances:  Each party shall cooperate and take such action as may be reasonably requested by either party hereto in order to carry out the provisions and purposes of this Agreement.
14.    Binding Effect:  The Award and this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective permitted heirs, beneficiaries, successors and assigns.
15.    Electronic Delivery:  By executing this Agreement, the Participant hereby consents to the delivery of any and all information (including, without limitation, information required to be delivered to the Participant pursuant to applicable securities laws), in whole or in part, regarding the Company and its subsidiaries, the 2009 Plan, and the Award via electronic mail, the Company’s or a plan administrator’s web site, or other means of electronic delivery.
16.    Personal Data:  By accepting the Award under this Agreement, the Participant hereby consents to the Company’s use, dissemination and disclosure of any information pertaining to the Participant that the Company determines to be necessary or desirable for the implementation, administration and management of the 2009 Plan.
17.    Miscellaneous:  
(a)    Governing Law.  Notwithstanding the place where this Agreement may be executed by any of the parties hereto, the parties expressly agree that all the terms and provisions hereof shall be governed by, construed under and interpreted in accordance with the laws of the State of Delaware, without regard to its conflicts of laws rules. 
(b)    The Participant is reminded to read the following carefully and after consulting with counsel of their choice: 
The Participant agrees that the following provisions requiring arbitration, prohibiting recovery of attorneys’ fees, waiving class actions and mass actions, waiving the right to a jury trial, waiving any right to seek punitive damages, limiting actual damages, and limiting remedies by waiving any right to injunctive or other equitable or legal relief are and were an important part of the Company’s decision to adopt the Operative Documents and for Participant to be offered this Agreement.  The Participant understands and agrees that absent the foregoing provisions, the Operative Documents would not have been offered or entered into or would have materially changed.  The Participant acknowledges the benefits of receiving potential incentive awards.  In reliance on the Participant’s intent to abide by and enter into the following provisions, the parties have entered into the Operative Documents.
(c)    MANDATORY ARBITRATION.  All disputes arising out of or related in any manner to the Operative Documents shall be resolved exclusively by arbitration to be conducted only in the county and state of Dallas, Texas in accordance with the rules of the International Institute for Conflict Prevention & Resolution (“CPR”) applying the laws of Delaware.  The arbitration shall be conducted by a single arbitrator.  The parties agree that the following arbitrators shall be requested to serve as the single arbitrator, in the following order, until an arbitrator is seated to preside over this matter: (1) Rob Walters, (2) Brian Lidji, (3) Craig Budner, (4) George Bowles, and (5) Ray Guy. Should all the selected arbitrators refuse to serve, the parties shall request that CPR select a retired 

Page 7

judge with at least 10 years of judicial experience. Discovery shall be as provided by the CPR rules.  The arbitration award shall be in writing and shall include a reasoned opinion by the Arbitrator.  Consistent with the waiver of all claims to punitive or exemplary damages, the Arbitrator shall have no authority to award such damages.  The parties understand that their right to appeal or to seek modification of any ruling or award of the arbitrator is severely limited, if any.  Awards issued by the arbitrator shall be final and binding, and judgment may be entered on it in any court of competent jurisdiction.  All parties shall keep confidential the fact of the arbitration, the dispute being arbitrated, and the decision of the arbitrator.  Any and all disputes regarding this arbitration provision and its enforceability shall be exclusively submitted to the United States District Court for the District of Delaware, if it has jurisdiction, and failing that, to the Delaware state court in Wilmington, Delaware.
(d)    No Recovery of Attorneys’ Fees and Costs.  Each party agrees that in any litigation or proceeding between the parties arising out of, connected with, related to, or incidental to the relationship between them in connection with the Operative Documents, each party shall bear all of its own attorneys’ fees and costs regardless of which party prevails. 
(e)    CLASS ACTION AND MASS ACTION WAIVER. Any claim, whether brought in a court of law or in arbitration, must be brought in the Participant’s individual capacity, and not as a representative of any purported class or as a “mass action” (involving multiple plaintiffs)  (“Class/Mass Action”).  The parties expressly waive any ability to maintain any Class/Mass Action in any forum.  The arbitrator shall not have authority to combine or aggregate similar claims or conduct any Class/Mass Action nor make an award to any person or entity not a party to the arbitration.  Any claim that all or part of this Class/Mass Action waiver is unenforceable, unconscionable, void, or voidable may be determined only by a court of competent jurisdiction and not by an arbitrator.  The Participant understands that but for this Agreement, he or she would have had a right to litigate through a court, to have a judge or jury decide the case and to be party to a Class/Mass Action.  However, in exchange for the potential incentive awards provided herein and the receipt of the benefit of arbitration, the Participant understands and chooses to have only his or her individual claims decided, each in a separate case, by an arbitrator.
(f)    WAIVER OF JURY TRIAL.  To the extent permitted by applicable law and expressly because of the complexity of the matters in the Operative Documents, each party waives any right to have a jury participate in resolving any dispute arising out of or relating to the Operative Documents.  
(g)    WAIVER OF PUNITIVE AND EXEMPLARY DAMAGE CLAIMS. The Participant waives, to the fullest extent allowed by law, any claims or rights to recover punitive, exemplary or similar damages.
(h)    LIMIT ON ACTUAL DAMAGES. In no event may the actual damages awarded to the Participant in a dispute arising out of or relating to the Operative Documents exceed the Fair Market Value of the Performance RSU Target Award set forth on the first page of this Agreement as of the vesting date, reduced by the value of any shares or payments previously received under this Agreement (the “Damages Limit”).  The Participant knowingly, voluntarily and irrevocably waives and releases any claim to damages in excess of this Damages Limit.
(i)    LIMITATION OF REMEDIES.  The procedures and remedies set forth in this Agreement shall constitute the sole remedies available to the Participant.  In no event shall the Participant seek equitable relief, injunctive relief, or otherwise bring claims directly or derivatively for ultra vires, corporate waste, breach of fiduciary duty, or any other claim or cause of action, whether legal or equitable, sounding in contract or tort.  Nothing in this clause is intended to waive 

Page 8

or limit any claim brought pursuant to any federal or state statute related to the protection of civil rights.
18.    Performance RSUs Subject to Plan:  By entering into this Agreement the Participant agrees and acknowledges that the Participant has received and read a copy of the 2009 Plan and the 2009 Plan’s prospectus.  The Performance RSUs and the Common Shares issued upon vesting of such Performance RSUs are subject to the 2009 Plan, which is hereby incorporated by reference.  In the event of any conflict between any term or provision of this Agreement and a term or provision of the 2009 Plan, the applicable terms and provisions of the 2009 Plan shall govern and prevail. 
19.    Validity of Agreement:  This Agreement shall be valid, binding and effective upon the Company on the Grant Date.  However, the Performance RSUs granted pursuant to this Agreement shall be forfeited by the Participant and this Agreement shall have no force and effect if it is not duly executed by the Participant and delivered to the Company on or before <<cut-off date>>.
20.    Headings:  The headings preceding the text of the sections hereof are inserted solely for convenience of reference, and shall not constitute a part of this Agreement, nor shall they affect its meaning, construction or effect.
21.    Compliance with Section 409A of the Internal Revenue Code:  Notwithstanding any provision in this Agreement to the contrary, this Agreement will be interpreted and applied so that the Agreement does not fail to meet, and is operated in accordance with, the requirements of Section 409A of the Code.  The Company reserves the right to change the terms of this Agreement and the 2009 Plan without the Participant’s consent to the extent necessary or desirable to comply with the requirements of Code Section 409A.  Further, in accordance with the restrictions provided by Treasury Regulation Section 1.409A-3(j)(2), any subsequent amendments to this Agreement or any other agreement, or the entering into or termination of any other agreement, affecting the Performance RSUs provided by this Agreement shall not modify the time or form of issuance of the Performance RSUs set forth in this Agreement. In addition, if the Participant is a “specified employee” within the meaning of Code Section 409A, as determined by the Company, any payment made in connection with the Participant’s separation from service shall not be made earlier than six (6) months and one day after the date of such separation from service to the extent required by Code Section 409A.
22.    Definitions:  The following terms shall have the following meanings for purposes of this Agreement, notwithstanding any contrary definition in the 2009 Plan:
(a)    “Adjusted EBIT” means a measure used by the Company’s management to measure performance, defined as net earnings (loss) less interest income plus loss (earnings) from discontinued operations, interest expense, and taxes, and further adjusted for noncontrolling interests and certain items as determined by the Company (consistent with the provisions of Section 13(b) of the 2009 Plan) and as approved by the Committee, as publicly reported by the Company as a non-GAAP financial measure.
(b)    “Cause” means (i) the Participant's willful failure to perform the Participant's duties to the Company (other than as a result of total or partial incapacity due to physical or mental illness) for a period of 30 days following written notice by the Company to the Participant of such failure, (ii) conviction of, or a plea of nolo contendere to, (x) a felony under the laws of the United States or any state thereof or any similar criminal act in a jurisdiction outside the United States or (y) a crime involving moral turpitude, (iii) the Participant's willful malfeasance or willful misconduct which is demonstrably injurious to the Company or its affiliates, (iv) any act of fraud by the Participant, (v) any material violation of the Company's business conduct policy, (vi) any material violation of the Company's policies concerning harassment or discrimination, (vii) the Participant's 

Page 9

conduct that causes material harm to the business reputation of the Company or its affiliates, or (viii) the Participant's breach of any confidentiality, intellectual property, noncompetition or non-solicitation provisions applicable to the Participant under the Long-Term Incentive Claw-Back Agreement or any other agreement between the Participant and the Company.
(c)    “Change in Control” means:
(i)    any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either (A) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this subparagraph, the following acquisitions shall not constitute a Change of Control:  (i) any acquisition directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Affiliate, or (iv) any acquisition pursuant to a transaction that complies with clauses (A), (B) or (C) in paragraph (iii) of this definition; or
(ii)    individuals who, as of the effective date of this Agreement, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the effective date of this Agreement whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual was a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or
(iii)    consummation of a reorganization, merger, statutory share exchange or consolidation or similar transaction involving the Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or stock of another entity by the Company or any of its subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (A) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such corporation resulting from such 

Page 10

Business Combination) beneficially owns, directly or indirectly, 50% or more of, respectively, the then-outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the Business Combination, and (C) at least a majority of the members of the board of directors (or, for a non-corporate entity, equivalent governing body) of the entity resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or
(iv)    approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.
Notwithstanding the foregoing, if it is determined that an Award hereunder is subject to the requirements of Section 409A and the Change in Control is a “payment event” under Section 409A for such Award, the Company will not be deemed to have undergone a Change in Control unless the Company is deemed to have undergone a “change in control event” pursuant to the definition of such term in Section 409A.
(d)    “Disability” has the same meaning as “Disability” in the Celanese Corporation 2008 Deferred Compensation Plan or such other meaning as determined by the Committee in its sole discretion, provided that in all events a “Disability” under this Agreement shall constitute a “disability” within the meaning of Treasury Regulation Section 1.409A-3(i)(4).
(e)    “Net Sales” means sales of the Company less sales returns, allowances and discounts.
(f)    “Operating EBITDA” means a measure used by the Company’s management to measure performance and is defined as net earnings less interest income plus loss (earnings) from discontinued operations, interest expense, taxes, and depreciation and amortization, and further adjusted for noncontrolling interests and certain items as determined by the Company (consistent with the provisions of Section 13(b) of the 2009 Plan) and as approved by the Committee, as publicly reported by the Company as a non-GAAP financial measure.
(g)    “Operative Documents” means the 2009 Plan and this Agreement.  
(h)    “Performance Period” means the period from January 1, 2014 through December 31, 2015.
(i)    “Qualifying Disposition” means a sale or other disposition by the Company or one or more subsidiaries of all or part of a business, business unit, segment or subsidiary in a stock, asset, merger or other similar transaction or combination thereof, and determined by the Committee to be a Qualifying Disposition.

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(j)    “Retirement” of the Participant shall mean a voluntary separation from service on or after the date when the Participant is both {55 years of age and has ten years}1 of service with the Company, as determined by the Company in its discretion based on payroll records.  Retirement shall not include voluntary separation from service in which the Company could have terminated the Participant’s employment for Cause.
(k)    “Settlement Date” means the date that Common Shares are delivered to the Participant following a Vesting Date.  
[Signatures on following page]

	
		
	 
	 

	1 For the CEO, replace bracketed language with “65 years of age and has five years”.

Page 12

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its behalf by its duly authorized officer and the Participant has also executed this Agreement in duplicate.

	
					
	 
	CELANESE CORPORATION

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ MARK C. ROHR
	 

	 
	 
	Chairman and Chief Executive Officer

	 
	 
	 

	This Agreement has been accepted and agreed to by the undersigned Participant.

	 
	 
	 

	 
	PARTICIPANT

	 
	 
	 
	 

	 
	 
	 

	 
	By:
	 
	 

	 
	Name:
	<<NAME>>
	 

	 
	Employee ID:  <<Personnel Number>>

	 
	 
	 
	 

	 
	Date:
	 
	 

Page 13

APPENDIX A
CALCULATION OF THE PERFORMANCE-BASED VESTING
	
				
	Name of Participant:
	<<NAME>>

	Grant Date:
	<<date>>

	 
	Threshold
	Target
	Maximum

	Performance RSUs subject to the Award:
	<<Threshold units>>
	<<Target Units>>
	<<Max Units>>

Performance-Based Vesting Calculation
The Performance RSUs are subject to adjustment based on the achievement of specified levels of (i) the Company’s Adjusted EBIT during the Performance Period and (ii) under certain circumstances, the Company’s Operating EBITDA and Net Sales during the Performance Period.  The number of Performance RSUs determined after such adjustment (and subject further to the additional vesting requirements of Section 2(b) of the Agreement) are referred to as the “Performance-Adjusted RSUs.”  The potential performance-based adjustments are summarized as follows:
A.  Calculation of Performance Adjustment based on the Adjusted EBIT Results 
The following table outlines the percentage of the Performance PRSUs that may become earned based on Adjusted EBIT performance during the Performance Period.

	
				
	Adjusted EBIT
	Result
	Goal Achievement for Performance Period (in Millions)*
	Performance Adjustment Percentage

	Below Threshold
	 
	0%

	Threshold
	 
	34%

	Target
	 
	100%

	Superior
	 
	200%

* To the extent not otherwise included as an adjustment to Adjusted EBIT (as defined), if (a) the historic financial statements of the Company for period(s) ending prior to the Performance Period are retrospectively recast in connection with a change in accounting principle or method adopted during the Performance Period, (b) the Company effects an acquisition, disposition, merger, spin-off or other similar transaction, or enters/exits a joint venture, affecting the Company or any subsidiary or any portion thereof, during the Performance Period, (c) the Company suffers or incurs items of gain, loss or expense determined to be unusual in nature, or charges for restructurings, discontinued operations, extraordinary items, or any other unusual or infrequent items, (d) there are changes in tax law or other such laws or provisions affecting reported results, (e) the Company establishes accruals or reserves, or impairs assets, for reorganization or restructuring programs, and/or (f) the Company incurs or is adversely affected by any other eventuality contemplated by the last sentence of Section 13(b) of the 2009 Plan, then in each such case where the amount is significant to the Company, the Committee, in conformity with IRC § 162(m), shall adjust the Goal Achievement for the Performance Period to include or exclude these items, matters or amounts. 

The Performance Adjustment Percentage for the Performance Period shall be calculated by straight-line interpolation for results achieved between Threshold and Target, or for results achieved between Target and Superior.  No Performance RSUs will be earned for the Performance Period if Goal Achievement is Below Threshold, except as provided in Section B below.

Page 14

As an example, for an award of 100 Target Performance RSUs, the number of Performance-Adjusted RSUs for the Performance Period will equal 34 for Goal Achievement at Threshold, 100 for Goal Achievement at Target and 200 for Goal Achievement at or above Superior.
		
	B.
	Alternative Calculation of Performance Adjustment if Threshold Adjusted EBIT is not Achieved 

If Adjusted EBIT for the Performance Period is below Threshold, the number of Performance-Adjusted RSUs will equal 34% of the Target number of Performance RSUs if Operating EBITDA for the Performance Period is greater than ____ percent (__%) of Net Sales for the Performance Period.

Page 15

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