VERTEX ENERGY, INC. Stock Option AgreementStock Option Agreement • March 21st, 2013 • Vertex Energy Inc. • Refuse systems • Texas
VERTEX ENERGY, INC. (the “Company”), for value received, hereby agrees to issue common stock purchase options entitling _____________ (“Holder” or the “Option Holder”) to purchase an aggregate of _____________ shares of the Company’s common stock (“Common Stock”). Such option is evidenced by option certificates in the form attached hereto as Schedule 1a, Schedule 1b, Schedule 1c and Schedule 1d (such instrument being hereinafter referred to as an “Option,” and such Option and all instruments hereafter issued in replacement, substitution, combination or subdivision thereof being hereinafter collectively referred to as the “Option”). The Option is issued in consideration for services rendered and to be rendered to the Company and evidences the grant of the Option to the Holder by the Board of Directors of the Company on _______________ (the “Grant Date”). The number of shares of Common Stock purchasable upon exercise of the Option is subject to adjustment as provided in Section 5 below.
WAIVER AND SECOND AMENDMENT TO CREDIT AGREEMENTCredit Agreement • March 21st, 2013 • Vertex Energy Inc. • Refuse systems
THIS WAIVER AND SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of January 18, 2013 (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).
