AMENDMENT AND PARTIAL RESCISSION OF MEMBERSHIP INTEREST PURCHASE AGREEMENTMembership Interest Purchase Agreement • January 15th, 2021 • SMG Industries Inc. • Crude petroleum & natural gas • Texas
This Amendment and Partial Rescission of Membership Interest Purchase Agreement (the “Amendment and Partial Rescission Agreement”), dated effective February 27, 2020 (the “Effective Date”) is made and entered into by and among 5J Oilfield Services, LLC, a Texas limited liability company (“5J”), and James E. Frye, Jr. an individual and the sole member and managing member of 5J (“5J Member”), on the one hand; and SMG Industries Inc., a Delaware corporation (“SMGI”). For purposes hereof each of 5J, the 5J Member and SMGI may be referred to as a “Party” and collectively as the “Parties”.
