0001493152-19-014735 Sample Contracts

TRANSITION SERVICES AGREEMENT
Transition Services Agreement • September 30th, 2019 • Taronis Fuels, Inc.

This TRANSITION SERVICES AGREEMENT (this “Agreement”), dated as of November [___], 2019 (the “Effective Date”), is made and entered into by and between Taronis Technologies, Inc., a Delaware corporation (“Tech”), and Taronis Fuels, Inc., a Delaware corporation and wholly owned subsidiary of Tech (“Fuels”). Each of Tech and Fuels may be referred to herein individually as a “Party” and collectively as the “Parties.” For purposes of this Agreement, capitalized terms used herein and not otherwise defined shall have the respective meanings ascribed to such terms in the Master Distribution Agreement (as defined below).

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INDEMNIFICATION AGREEMENT
Indemnification Agreement • September 30th, 2019 • Taronis Fuels, Inc. • Delaware

THIS INDEMNIFICATION AGREEMENT (this “Agreement”) dated as of ________, 2019, is made by and between TARONIS FUELS, INC., a Delaware corporation (the “Company”), and __________(“Indemnitee”).

SEPARATION AGREEMENT
Separation Agreement • September 30th, 2019 • Taronis Fuels, Inc. • Delaware

This Separation Agreement (this “Agreement”) is dated as of [ ], 2019 by and between TAronis Technologies, Inc., a Delaware corporation (“Tech”) and Taronis Fuels, Inc., a Delaware corporation and presently a wholly owned Subsidiary of Tech (“Fuels”).

Master Distribution Agreement By and Between Taronis Technologies, Inc. And Taronis Fuels, Inc. Dated as of November [__], 2019
Master Distribution Agreement • September 30th, 2019 • Taronis Fuels, Inc. • Delaware

This Master Distribution Agreement (this “Agreement”), dated as of November [___], 2019 (the “Execution Date”), is made and entered into by and between Taronis Technologies, Inc., a Delaware corporation (“Tech”), and Taronis Fuels, Inc., a Delaware corporation and wholly owned subsidiary of Tech (“Fuels”). Each of Tech and Fuels may be referred to herein individually as a “Party” and collectively as the “Parties.”

TAX SHARING AGREEMENT
Tax Sharing Agreement • September 30th, 2019 • Taronis Fuels, Inc. • Delaware

THIS TAX SHARING AGREEMENT (this “Agreement”), dated as of [ ], 2019, is by and between TARONIS TECHNOLOGIES, INC. (“Tech”), a Delaware corporation, and TARONIS FUELS, INC. (“Fuels”), Delaware corporation. Each of Tech and Fuels is sometimes referred to herein as a “Party” and, collectively, as the “Parties.”

DISTRIBUTION AND LICENSE AGREEMENT
Distribution and License Agreement • September 30th, 2019 • Taronis Fuels, Inc. • Delaware

THIS Distribution and License Agreement, (hereinafter “Agreement”), dated the 16th day of July, 2019 is between Taronis Technologies, Inc., a Delaware Corporation, f/k/a MagneGas Applied Technology Solutions, Inc. and f/k/a MagneGas Corporation, and MAGNEGAS IP, LLC, a Delaware limited liability company (collectively, the “Company”); and Taronis Fuels, Inc., a Delaware Corporation (“Distributor”).

ASSIGNMENT AND ASSUMPTION AND AMENDMENT OF CONTRACT
Assignment and Assumption and Amendment of Contract • September 30th, 2019 • Taronis Fuels, Inc.

THIS ASSIGNMENT AND ASSUMPTION AND AMENDMENT OF CONTRACT AGREEMENT (this “Agreement”) is made and as of [ ], 2019 (the “Effective Date”), by and between TARONIS TECHNOLOGIES, INC., a Delaware corporation (“Assignor”), and TARONIS FUELS, INC., a Delaware corporation (“Assignee”) and [ ] (“ ”).

DIRECTOR SERVICES AGREEMENT
Director Services Agreement • September 30th, 2019 • Taronis Fuels, Inc. • Delaware

THIS DIRECTOR SERVICES AGREEMENT (this “Agreement”) is made and entered into as of [ ], 2019, by and between Taronis Fuels, Inc., a Delaware corporation (the “Company”), and [ ], an individual (“Director”).

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