TERMINATION, RELEASE AND TRANSACTION FEE AGREEMENTTermination, Release • April 16th, 2008 • Newpark Resources Inc • Oil & gas field machinery & equipment • Texas
This Termination, Release and Transaction Fee Agreement (this “Agreement”), dated as of April 10, 2008, is entered into by and among (i) Newpark Resources, Inc., a Delaware corporation (“Newpark”), Newpark Drilling Fluids LLC, a Texas limited liability company and a direct wholly-owned subsidiary of Newpark (“DFI”), Newpark Texas, L.L.C., a Louisiana limited liability company and an indirect wholly-owned subsidiary of Newpark (“Newpark Texas” and, together with Newpark and DFI, the “Newpark Parties”), and (ii) Trinity Storage Services, L.P., a Texas limited partnership (“Trinity”) and Trinity TLM Acquisitions, LLC, a Texas limited liability company (“TLM”) and Moss Bluff Property, L.P., a Texas limited partnership (“MBP” and, together with Trinity and TLM, the “Trinity Parties”). Each Newpark Party and each Trinity Party are referred to herein from time to time collectively as the “Parties” and individually as a “Party”.
