COOPERATION AND SETTLEMENT AGREEMENTCooperation and Settlement Agreement • April 9th, 2021 • Taronis Fuels, Inc. • Industrial inorganic chemicals • Delaware
This Cooperation and Settlement Agreement (this “Agreement”), dated as of April 8, 2021, is by and among Thomas Wetherald (“Wetherald”), Tobias Welo (“Welo”), Mary Pat Thompson (“Thompson”), Andrew McCormick (“McCormick”) and Sergey Vasnetsov (“Vasnetsov”, and together with Wetherald, Welo, Thompson and McCormick, the “Consent Participants”), on the one hand, and Taronis Fuels, Inc., a Delaware corporation (the “Company”), Robert Dingess (“Dingess”), Kevin Pollack (“Pollack”), William Staunton (“Staunton”) and Peter Molloy (“Molloy”, and together with Dingess, Pollack and Staunton, the “Original Directors”), on the other hand. Each of the Consent Participants, Original Directors and the Company are referred to herein as a “Party” and collectively, as the “Parties.”
