FIRST ADDENDUM TO EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • November 14th, 2012 • Vertex Energy Inc. • Refuse systems
This First Addendum to Amended and Restated Executive Employment Agreement (this “Agreement”) dated to be effective as of August 31, 2012 (the “Effective Date”), is by and between Vertex Energy, Inc., a Nevada corporation (“Vertex”) and Chris Carlson, an individual (“Executive”), each referred to herein as a “Party” and collectively the “Parties”.
SECOND ADDENDUM TO EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • November 14th, 2012 • Vertex Energy Inc. • Refuse systems
This Second Addendum to Executive Employment Agreement (this “Agreement”) dated to be effective as of August 31, 2012 (the “Effective Date”), is by and between Vertex Energy, Inc., a Nevada corporation (“Vertex”) and Benjamin P. Cowart, an individual (“Executive”), each referred to herein as a “Party” and collectively the “Parties”.
VERTEX ENERGY, INC. EMPLOYMENT AGREEMENTEmployment Agreement • November 14th, 2012 • Vertex Energy Inc. • Refuse systems • Texas
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made this 17th day of August 2012 (the “Execution Date”), to be effective as of the Effective Date as defined below, between Vertex Energy, Inc., a Nevada corporation (the “Company”), and John Strickland (“Employee”) (each of Company and Employee is referred to herein as a “Party,” and collectively referred to herein as the “Parties”).
FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • November 14th, 2012 • Vertex Energy Inc. • Refuse systems
THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of October 10, 2012 (the “Effective Date”), between VERTEX ENERGY, INC., a Nevada corporation (“Borrower”), and BANK OF AMERICA, N.A. (“Lender”). Capitalized terms used but not defined in this Amendment have the meanings given them in the Credit Agreement (defined below).
NON-COMPETITION AND NON-SOLICITATION AGREEMENTNon-Competition and Non-Solicitation Agreement • November 14th, 2012 • Vertex Energy Inc. • Refuse systems • Texas
This Non-Competition and Non-Solicitation Agreement (this “Agreement”) dated as of August 31, 2012 (the “Effective Date”), is by and among Vertex Energy, Inc., a Nevada corporation (the “Protected Party”), Vertex Holdings, L.P., a Texas limited partnership (“Holdings”), B & S Cowart Family L.P., a Texas family liability partnership (“B&S LP” and together with Holdings, the “Sellers”), Benjamin P. Cowart, an individual (“Cowart”), Chris Carlson, an individual (“Carlson”), and Greg Wallace, an individual (“Wallace” and together with the Sellers, Cowart and Carlson, the “Restricted Parties” and each a “Restricted Party”). The Protected Party and each of the Restricted Parties are each individually referred to herein as a “Party” and together collectively referred to herein as the “Parties”. Capitalized terms used and not otherwise defined herein have the meanings set forth in the Purchase Agreement (as defined below).
SECOND ADDENDUM TO THE EMPLOYMENT AGREEMENT BETWEEN VERTEX ENERGY, INC. and GREG WALLACEEmployment Agreement • November 14th, 2012 • Vertex Energy Inc. • Refuse systems
THIS SECOND ADDENDUM (this “Addendum”) made this 15th day of June, 2012 by and between GREG WALLACE (hereinafter “Wallace”) and VERTEX ENERGY, INC., a Nevada corporation, (hereinafter referred to as the “Company”), to the Employment Agreement originally executed on or about January 1, 2007, amended on or about February 22, 2010, and modified by that certain Addendum to Employment Agreement entered into on July 5, 2011, as amended, modified and added to from time to time, the "Agreement" between the same parties.
