0001185185-12-002344 Sample Contracts

NOVATION AGREEMENT
Novation Agreement • November 1st, 2012 • GlyEco, Inc. • Industrial inorganic chemicals • Arizona

THIS NOVATION AGREEMENT AND AMENDMENT NO. 1 TO ASSET PURCHASE AGREEMENT (this “Novation and Amendment”), executed as of October 29, 2012, by and among Antifreeze Recycling, Inc., a South Dakota corporation (“Seller”), Robert J. Kolhoff, an individual (the “Selling Principal”), GlyEco Acquisition Corp. #7, an Arizona corporation (“Buyer”), and GlyEco Acquisition Corp. #6, an Arizona corporation (“New Buyer”), collectively referred to as the “Parties,” relates to the Asset Purchase Agreement (the “Agreement”), executed on October 3, 2012, by and between Seller, Selling Principal, and Buyer.

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