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EXHIBIT 10.2
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement (this “Amendment”) is made and entered into on June 17, 2022 (“Effective Date”), by and between Sila Realty Trust, Inc. (the “REIT”), Sila Realty Operating Partnership, LP, the operating company subsidiary of the REIT (the “Operating Company”), and the Operating Company’s subsidiary, Sila Realty Management Company, LLC (the “REIT Operator” and, together with the REIT and the Operating Company, the “Company”), and Mary (“Kay”) C. Neely (“Executive”).  Company and Executive shall be collectively referred to as the “Parties.”
WHEREAS, Company and Executive are parties to an Employment Agreement dated as of July 28, 2020 (the “Employment Agreement”); and
WHEREAS, the Parties wish to amend the Employment Agreement.
NOW, THEREFORE, for good and valuable consideration, including the covenants contained herein, the receipt and the sufficiency of which is acknowledged by each party hereto, the Parties hereby agree as follows:
1.Amendments. The Parties hereby acknowledge and agree that as of the Effective Date, the Employment Agreement is amended as follows:
a.Section 1(b) of the Employment Agreement is deleted in its entirety and replaced with the following: “(b) The term of employment under this Agreement commenced on September 30, 2020 (the date of the Closing (as defined in that certain Membership Interest Purchase Agreement by and among the REIT, the Operating Company, Carter Validus Advisors II, LLC and the other parties thereto, dated as of July 28, 2020) and continues through December 31, 2025 (the “Initial Term”).  Thereafter, the term of employment under this Agreement shall automatically renew for successive one (1) year terms (each a “Renewal Term” and together with the Initial Term collectively, the “Term of Employment”) unless either Executive or REIT Operator provides a written notice of non-renewal at least sixty (60) days prior to the expiration of the Initial Term or any Renewal Term.  If a notice of non-renewal is provided in accordance with this Section, Executive’s employment under this Agreement shall terminate upon the expiration of the then-current term.  Notwithstanding the foregoing, Executive’s employment under this Agreement may be terminated earlier than the scheduled expiration of a Term, in accordance with Section 4 below.”; and
b.The phrase “Upon any such termination of Executive’s employment without Cause or for Good Reason during the Term of Employment, Executive shall be entitled to receive the following:” in Section 4(c) of the Employment Agreement is replaced with, “Upon any such termination of Executive’s employment without Cause or for Good Reason during the Term of Employment, or upon a termination of Executive’s employment because of a non-renewal by the REIT Operator pursuant to Section 1(b), Executive shall be entitled to receive the following:”.
    2.        Conflict; Ratification. In the event of a conflict or inconsistency between the provisions of this Amendment and the Employment Agreement, the provisions of this Amendment shall control and govern. As modified by this Amendment, the Employment Agreement is ratified and remains in full force and effect in accordance with its terms. The execution, delivery and performance of this Amendment shall not, except as expressly provided herein, constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of the parties under the Employment Agreement.  
    3.        Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original and it shall not be necessary in making proof of this Amendment to produce or account for more than one such counterpart.  Delivery of executed copies of this Amendment, or subsequent addendums to this Amendment, by one party to the other using facsimile or any other 
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scanning or imaging technique shall constitute delivery of original signed counterparts for purposes of binding the parties hereto.  The parties agree that the electronic signature of a party to this Amendment shall be as valid as an original signature of such party and shall be effective to bind such party to this Amendment.  The parties agree that an electronically signed version of this Amendment shall be deemed (a) to be “written” or “in writing”; (b) to have been signed; and (c) to constitute a record established and maintained in the ordinary course of business and an original written record when printed from electronic files.    
IN WITNESS WHEREOF, the Parties hereto have executed this Amendment to the Employment Agreement.

SILA REALTY TRUST, INC.

By: /s/ Michael A. Seton
Name: Michael A. Seton
Title: Chief Executive Officer

SILA REALTY OPERATING PARTNERSHIP, LP 

By: SILA REALTY TRUST, INC., its general partner

By: /s/ Michael A. Seton
Name: Michael A. Seton
Title: Chief Executive Officer

SILA REALTY MANAGEMENT COMPANY, LLC

By: SILA REALTY OPERATING PARTNERSHIP, LP, its managing member 

By: SILA REALTY TRUST, INC., its general partner

By: /s/ Michael A. Seton
Name: Michael A. Seton
Title: Chief Executive Officer

EXECUTIVE
/s/ Kay C. Neely
MARY “KAY” C. NEELY
#17484453v2    Page 2 of 2VERTEX ENERGY, INC. 8-K

 

Exhibit 10.2

 

 

EXECUTION VERSION

Confidential

 

 

 

 

 

 

 

 

 

 

 

AMENDMENT NO. 1
TO THE

 

FIRST AMENDED
AND RESTATED REGISTRATION RIGHTS AGREEMENT

 

June 15, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 

    	 

    

 

AMENDMENT NO.
1 TO THE

FRIST AMENDED
AND RESTATED REGISTRATION RIGHTS AGREEMENT

 

This AMENDMENT NO. 1 TO THE FIRST AMENDED AND
RESTATED REGISTRATION RIGHTS

AGREEMENT
(this “Amendment”) is made and entered into as of June 15, 2022, by and among Vertex Energy Inc., a Nevada corporation
(the “Company”), and each of the undersigned entities (the “Holders”). Capitalized terms used herein
have the meanings ascribed thereto in the Registration Rights Agreement (as defined below) except where otherwise defined herein.

 

RECITALS

 

WHEREAS,
the Company and the Holders are party to that certain First Amended and Restated Registration Rights Agreement, dated as of May 26, 2022
(as amended, restated, supplemented or otherwise modified from time to time pursuant to the terms thereof, the “Registration
Rights Agreement”); and

 

WHEREAS,
Section 5.5 of the Registration Rights Agreement provides that the Registration Rights Agreement may be amended upon the prior written
consent of the Company and the Holders of at least sixty-six and two-thirds percent (66 2/3%) in interest of the Registrable Securities;
and

 

WHEREAS,
the undersigned, being the Company and the Holders of at least sixty-six and two-thirds percent (66 2/3%) in interest of the Registrable
Securities, desire to amend the Registration Rights Agreement upon the terms and conditions set forth herein.

 

NOW,
THEREFORE, in consideration of the premises and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto hereby agree as follows:

 

AGREEMENT

 

1.                  
Section 2.1.1 of the Registration Rights Agreement. The first sentence of Section 2.1.1 of
the Registration Rights Agreement is hereby amended by deleting such sentence in its entirety and inserting the following in lieu thereof:

 

“The Company
shall use commercially reasonable efforts to file with the Commission on July 1, 2022 (the “Filing Deadline”), a Registration
Statement for a Shelf Registration on Form S-3 (the “Form S-3 Shelf”) or, if the Company is then ineligible to use
a Form S-3 Shelf, a Registration Statement for a Shelf Registration on Form S-1 (the “Form S-1 Shelf”), in each case,
covering the resale by the Holders of all the Registrable Securities (determined as of two (2) business days prior to such filing) on
a delayed or continuous basis and shall use commercially reasonable efforts to cause such Registration Statement to be declared effective
under the Securities Act as promptly as reasonably practicable after the initial filing thereof (including, if then a “well-known
seasoned issuer” (as defined in Rule 405 of the Securities Act, a “WKSI”) by filing such Registration Statement
as an automatically effective shelf registration statement) and in no event later than forty- five (45) days following the initial filing
of the Registration Statement (the “Effectiveness Deadline”); provided, that the Effectiveness Deadline shall be extended
to seventy-five (75) days after the initial filing of the Registration Statement if the Registration Statement is reviewed by the staff
of the Commission.”

 

2.                  
WKSI. The Company hereby represents and warrants to each Holder that (i) as of the date of
this Amendment, the Company satisfies all of the requirements for being a “well-known seasoned issuer” (as defined in Rule
405 of the Securities Act, a “WKSI”) except for requirements related to the historical timely filing of required Exchange
Act reports (the “Reporting Requirements”), (ii) the Company will satisfy all such Reporting Requirements as of July
1, 2022, and (iii) the Company is not aware of any facts or circumstances that are reasonably likely to cause the Company to not be a
WKSI on and after July 1, 2022.

 

3.                  
Effect of Amendment. Except as set forth herein, all other terms and provisions of the Registration
Rights Agreement remain unchanged and in full force and effect. On and after the date hereof, each reference in the

    	 

    	 

    

Registration Rights
Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import shall mean and be a reference
to the Registration Rights Agreement as amended or otherwise modified by this Amendment. For the avoidance of doubt, references to the
phrases “the date of this Agreement” or “the date hereof”, wherever used in the Registration Rights Agreement,
as amended by this Amendment, shall mean May 26, 2022.

 

4.                  
Construction. This Amendment shall be governed by all provisions of the Registration Rights
Agreement unless context requires otherwise, including all provisions concerning governing law.

 

5.                  
Entire Agreement. This Amendment and the Registration Rights Agreement constitute the entire
agreement between the parties on the subject matter contained herein and therein.

 

6.                  
Counterparts. This Amendment may be executed and delivered, including by facsimile transmission
or portable document format (.PDF), in one or more counterparts, and by the different parties hereto in separate counterparts, each of
which when executed shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement.

 

[Signature Pages Follow]

 

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be duly executed on its behalf as of the date first above written.

 

COMPANY:

 

VERTEX ENERGY INC.

 

	 	By:	/s/ Chris Carlson
	 	 	Name: Chris Carlson
	 	 	Title:   Chief Financial Officer, Secretary and Treasurer

 

HOLDERS:

 

	 	WHITEBOX MULTI-STRATEGY PARTNERS, LP
	 	 
	 	 	By: Whitebox Advisors LLC its investment manager
	 	 	 
	 	By: 	/s/ Lisa Conrad
	 	 	Name: Lisa Conrad
	 	 	Title:   General Counsel & Chief Compliance Officer 

 

	 	WHITEBOX RELATIVE VALUE PARTNERS, LP
	 	 	 By: Whitebox Advisors LLC its investment manager
	 	 	 
	 	By: 	/s/ Lisa Conrad
	 	 	Name: Lisa Conrad
	 	 	Title:   General Counsel & Chief Compliance Officer

 

	 	WHITEBOX GT FUND, LP 
	 	 	
    By: Whitebox Advisors LLC its investment manager

	 	 	 
	 	By: 	/s/ Lisa Conrad
	 	 	Name: Lisa Conrad
	 	 	Title:   General Counsel & Chief Compliance Officer

 

    	 

    	 

    

 

 

	 	PANDORA SELECT PARTNERS, LP 
	 	  	
    By:  Whitebox Advisors LLC its investment manager 

	 	 	 
	 	By: 	/s/ Lisa Conrad
	 	 	Name: Lisa Conrad
	 	 	Title:   General Counsel & Chief Compliance Officer

 

	 	 
	 	GLOBAL CREDIT OPPORTUNITIES II FUND A MASTER SCSP
	 	 	By: BlackRock Financial Management, Inc., its investment manager
	 	 	 
	 	By: 	/s/ Zach Viders
	 	 	Name: Zach Viders
	 	 	Title:   Managing Director
	 	 	 

 

	 	GCO II FUND B (INVESTMENT 2), L.P.
	 	 	By: BlackRock Financial Management, Inc., its portfolio
    manager
	 	 	 
	 	By: 	/s/ Zach Viders
	 	 	Name: Zach Viders
	 	 	Title:   Authorized Signatory

 

	 	BLACKROCK DIVERSIFIED PRIVATE DEBT FUND MASTER LP
	 	 	By:  BlackRock Financial Management, Inc., its manager
	 	 	 
	 	By: 	/s/ Zach Viders
	 	 	Name: Zach Viders
	 	 	
    Title:   Authorized Signatory

 

	 	CROWDOUT CREDIT OPPORTUNITIES FUND LLC
	 	 
	 	By: 	/s/ Alexander Schoenbaum
	 	 	Name: Alexander Schoenbaum
	 	 	
    Title:   Managing Member

	 	 	 

 

	 	CROWDOUT CAPITAL LLC 
	 	 	 
	 	By: 	/s/ Alexander Schoenbaum
	 	 	Name: Alexander Schoenbaum
	 	 	Title:   Chief Executive Officer

 

	 	HIGHBRIDGE TACTICAL CREDIT MASTER FUND, L.P.
	 	By: Highbridge Capital Management, LLC, as Trading Manager and not in its individual capacity
	 	 	 
	 	By: 	/s/ Jonathan Segal
	 	 	Name: Jonathan Segal
	 	 	Title:   Managing Director, Co-Chief Investment Officer

 

	 	CHAMBERS ENERGY CAPITAL IV, LP
	 	By: 	CEC Fund IV GP, LLC, its general partner
	 	 	 
	 	By: 	/s/ Robert Hendricks
	 	 	Name: Robert Hendricks
	 	 	
    Title:   Partner

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