Common Contracts

BUSINESS SEPARATION AGREEMENT

Business Separation Agreement • October 1st, 2020 • Delaware

• Contract Type
  Business Separation Agreement
• Filed
  October 1st, 2020
• Jurisdiction
  Delaware

This Business Separation Agreement (this “Agreement”), is entered into as of October 1, 2020 and effective as of the Separation Time (as defined herein), by and among Sasol Chemicals (USA) LLC, a Delaware limited liability company (“Sasol Chemicals”), Louisiana Integrated PolyEthylene JV LLC, a Delaware limited liability company (“NewCo”), and LyondellBasell LC Offtake LLC, a Delaware limited liability company (the “Investor Member”). Capitalized terms used in this Agreement have the meanings ascribed to such terms in Article VII.