Document:

EX-10.1

 Exhibit 10.1 
  

 
  

TENTH AMENDMENT TO 

AMENDED AND RESTATED CREDIT AGREEMENT 

Dated as of October 4, 2017 

among 
 GULFPORT ENERGY
CORPORATION, 
 as Borrower, 

THE BANK OF NOVA SCOTIA, 

as Administrative Agent 
 and 

The Lenders Party Hereto 
 THE
BANK OF NOVA SCOTIA, KEYBANK NATIONAL ASSOCIATION, 
 and PNC BANK, NATIONAL ASSOCIATION, 

as Joint Lead Arrangers and Joint Bookrunners 

KEYBANK NATIONAL ASSOCIATION and 

PNC BANK, NATIONAL ASSOCIATION, 

as Co-Syndication Agents 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, 

WELLS FARGO BANK, N.A. and 

BARCLAYS BANK PLC, 
 as
Co-Documentation Agents 
  
  

 

 TENTH AMENDMENT TO AMENDED 

AND RESTATED CREDIT AGREEMENT 

THIS TENTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is entered into
as of October 4, 2017, among GULFPORT ENERGY CORPORATION, a Delaware corporation (“Borrower”), THE BANK OF NOVA SCOTIA, as Administrative Agent (“Administrative
Agent”) and L/C Issuer, the Lenders party hereto. 
 R E C I T A
L S 
 A. Borrower, the financial institutions signing as Lenders thereto, Administrative Agent and the
other agents party thereto are parties to an Amended and Restated Credit Agreement dated as of December 27, 2013, as amended by a First Amendment to Amended and Restated Credit Agreement dated as of April 23, 2014, a Second Amendment to
Amended and Restated Credit Agreement dated as of November 26, 2014, a Third Amendment to Amended and Restated Credit Agreement dated as of April 10, 2015, a Fourth Amendment to Amended and Restated Credit Agreement and Limited Consent and
Waiver dated as of May 29, 2015, a Fifth Amendment to Amended and Restated Credit Agreement dated as of September 18, 2015, a Sixth Amendment to Amended and Restated Credit Agreement dated as of February 19, 2016, a Seventh Amendment
to Amended and Restated Credit Agreement dated as of December 13, 2016, an Eighth Amendment to Amended and Restated Credit Agreement dated as of March 29, 2017, and a Ninth Amendment to Amended and Restated Credit Agreement dated as of
May 4, 2017 (collectively, the “Original Credit Agreement”; the Original Credit Agreement as amended by this Amendment is referred to herein as the “Credit Agreement”). 

B. The parties desire to amend the Original Credit Agreement as hereinafter provided. 

NOW, THEREFORE, in consideration of these premises and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: 
 1. Same Terms. All terms used herein that are defined in the
Original Credit Agreement shall have the same meanings when used herein, unless the context hereof otherwise requires or provides. In addition, from and after the Effective Date, (i) all references in the Original Credit Agreement and, where
appropriate in the context, in the other Loan Documents to the “Agreement” shall mean the Original Credit Agreement, as amended and waived by this Amendment, as the same may hereafter be amended and waived from time to time, and
(ii) all references in the Loan Documents to the “Loan Documents” shall mean the Loan Documents, as amended and waived by the Modification Papers, as the same may hereafter be amended and waived from time to time. In addition, the
following terms have the meanings set forth below: 
 “Effective Date” means the date on which the conditions
specified in Section 2 below are satisfied (or waived in writing by the Administrative Agent). 

“Modification Papers” means this Amendment, and all of the other documents and agreements executed in connection with
the transactions contemplated by this Amendment. 
 2. Conditions Precedent. The obligations and
agreements of the Lenders as set forth in this Amendment are subject to the satisfaction, unless waived in writing by Administrative Agent, of each of the following conditions (and upon such satisfaction, this Amendment shall be deemed to be
effective as of the Effective Date): 

  
 TENTH AMENDMENT – Page 1

 (a) Tenth Amendment to Credit Agreement. This Amendment shall have
been duly executed and delivered by each of the parties hereto. 
 (b) Fees and Expenses. Administrative Agent
shall have received payment of all out-of-pocket fees and expenses (including reasonable attorneys’ fees and expenses) incurred by Administrative Agent in connection with the preparation, negotiation and execution of the Modification Papers.

 3. Amendment to Original Credit Agreement. On the Effective Date, Section 1.01 of the Original Credit
Agreement shall be amended by replacing the following defined term to read in its entirety as follows: 

“Senior Notes” means any unsecured Indebtedness of Borrower (and any unsecured Guarantees thereof by
the Guarantors) in an aggregate principal amount not exceeding $2,100,000,000. 
 4. Waiver
of Borrowing Base Reduction. Section 4.05(e) of the Credit Agreement requires that, absent a waiver from the Required Lenders, upon any issuance of Senior Notes, the effective Borrowing Base shall be reduced by 25%
of the principal amount of such Senior Notes offering (the “Automatic Borrowing Base Reduction”), subject to certain exceptions set forth therein. The Borrower has informed the Lenders that it intends to offer, subject to
market conditions and other factors, up to an aggregate principal amount of $500,000,000 of Senior Notes concurrently with or promptly after the Effective Date (the “October 2017 Senior Notes Issuance”). Borrower has
requested that the Lenders waive the Automatic Borrowing Base Reduction in connection with the October 2017 Senior Notes Issuance (the “Subject Waiver”). Subject to the terms and conditions herein, and provided that all or a
portion of the net proceeds of the October 2017 Senior Notes Issuance are used to repay in full all outstanding Loans, Lenders hereby consent to and expressly permit the Subject Waiver, and confirm that after giving effect to the October 2017
Senior Notes Issuance, the Borrowing Base will remain at $1,000,000,000. This waiver is limited and does not relate to any other covenant or provision of the Credit Agreement or any other Loan Document. 

5. Certain Representations. Borrower represents and warrants that, as of the Effective Date: (a) Borrower has full power and
authority to execute the Modification Papers to which it is a party and such Modification Papers constitute the legal, valid and binding obligation of Borrower enforceable in accordance with their terms, except as enforceability may be limited by
general principles of equity and applicable bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting the enforcement of creditors’ rights generally; (b) no authorization, approval, consent or other action by,
notice to, or filing with, any Governmental Authority or other Person is required for the execution, delivery and performance by Borrower thereof; and (c) no Default has occurred and is continuing or will result from the consummation of the
transactions contemplated by this Amendment. In addition, Borrower represents that after giving effect to the Modification Papers, all representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct
in all material respects (provided that any such representations or warranties that are, by their terms, already qualified by reference to materiality shall be true and correct without regard to such additional materiality qualification) on and as
of the Effective Date as if made on and as of such date except to the extent that any such representation or warranty expressly relates to an earlier date, in which case such representation or warranty is true and correct in all material respects
(or true and correct without regard to such additional materiality qualification, as applicable) as of such earlier date. 

  
 TENTH AMENDMENT – Page 2

 6. No Further Amendments. Except as previously amended or waived in writing
or as amended or waived hereby, the Original Credit Agreement shall remain unchanged and all provisions shall remain fully effective between the parties thereto. 

7. Acknowledgments and Agreements. Borrower acknowledges that on the date hereof all outstanding Obligations, in each case
as amended and waived hereby, are payable in accordance with their terms, and Borrower waives any defense, offset, counterclaim or recoupment with respect thereto. Borrower, Administrative Agent, L/C Issuer and each Lender that is a party hereto do
hereby adopt, ratify and confirm the Original Credit Agreement, as amended and waived hereby, and acknowledge and agree that the Original Credit Agreement, as amended and waived hereby, is and remains in full force and effect. Borrower acknowledges
and agrees that its liabilities and obligations under the Original Credit Agreement and under the other Loan Documents, in each case as amended and waived hereby, are not impaired in any respect by this Amendment.  

8. Limitation on Agreements. The consents, waivers and modifications set forth herein are limited precisely as written and
shall not be deemed (a) to be a consent under or a waiver of or an amendment to any other term or condition in the Original Credit Agreement or any of the other Loan Documents, or (b) to prejudice any other right or rights that
Administrative Agent or the Lenders now have or may have in the future under or in connection with the Original Credit Agreement and the other Loan Documents, each as amended and waived hereby, or any of the other documents referred to herein or
therein. The Modification Papers shall constitute Loan Documents for all purposes.  
 9. Confirmation of
Security. Borrower hereby confirms and agrees that all of the Collateral Documents that presently secure the Obligations shall continue to secure, in the same manner and to the same extent provided therein, the payment and performance of the
Obligations as described in the Original Credit Agreement as modified by this Amendment. 
 10. Counterparts.
This Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be deemed an original, but all of which constitute one instrument. In making proof of this Amendment, it shall not be necessary to produce
or account for more than one counterpart thereof signed by each of the parties hereto. 
 11. Incorporation of Certain
Provisions by Reference. The provisions of Section 11.15 of the Original Credit Agreement captioned “Governing Law, Jurisdiction; Etc.” and Section 11.16 of the Original Credit Agreement captioned “Waiver of Right to
Trial by Jury” are incorporated herein by reference for all purposes. 
 12. Entirety, Etc. This Amendment,
the other Modification Papers and all of the other Loan Documents embody the entire agreement between the parties. THIS AMENDMENT, THE OTHER MODIFICATION PAPERS AND ALL OF THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND
MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

[This space is left intentionally blank. Signature pages follow.] 

  
 TENTH AMENDMENT – Page 3

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment to be effective as of the
date and year first above written. 
  

			
	BORROWER
	
	GULFPORT ENERGY CORPORATION
		
	By:	 	 /s/ Keri Crowell

		 	Keri Crowell
		 	Chief Financial Officer

  
 TENTH AMENDMENT – Signature
Page S-1 

 
			
	ADMINISTRATIVE AGENT:
	
	THE BANK OF NOVA SCOTIA,
	as Administrative Agent and L/C Issuer
		
	By:	 	 /s/ Alan Dawson

		 	Alan Dawson
		 	Director
	
	LENDERS:
	
	 THE BANK OF NOVA SCOTIA,

as a Lender

		
	By:	 	 /s/ Alan Dawson

		 	Alan Dawson
		 	Director

  
 TENTH AMENDMENT – Signature
Page S-2 

 
			
	KEYBANK NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ George E. McKean

	Name:	 	George E. McKean
	Title:	 	Senior Vice President

  
 TENTH AMENDMENT – Signature
Page S-3 

 
			
	CREDIT SUISSE AG,
	Cayman Islands Branch,
	as a Lender
		
	By:	 	 /s/ Nupur Kumar

	Name:	 	Nupur Kumar
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Andrew Griffin

	Name:	 	Andrew Griffin
	Title:	 	Authorized Signatory

  
 TENTH AMENDMENT – Signature
Page S-4 

 
			
	BARCLAYS BANK PLC,
	as a Lender
		
	By:	 	 /s/ Sydney G. Dennis

	Name:	 	Sydney G. Dennis
	Title:	 	Director

  
 TENTH AMENDMENT – Signature
Page S-5 

 
			
	WELLS FARGO BANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Matthew W. Coleman

	Name:	 	Matthew W. Coleman
	Title:	 	Director

  
 TENTH AMENDMENT – Signature
Page S-6 

 
			
	ZB, N.A. dba AMEGY BANK,
	as a Lender
		
	By:	 	 /s/ Larry L. Sears

	Name:	 	Larry L. Sears
	Title:	 	Senior Vice President – Amegy Bank Division

  
 TENTH AMENDMENT – Signature
Page S-7 

 
			
	COMPASS BANK,
	as a Lender
		
	By:	 	 /s/ Gabriela Azcarate

	Name:	 	Gabriela Azcarate
	Title:	 	Vice President

  
 TENTH AMENDMENT – Signature
Page S-8 

 
			
	PNC BANK, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /a/ Danielle Goodrick

	Name:	 	Danielle Goodrick
	Title:	 	Assistant Vice President

  
 TENTH AMENDMENT – Signature
Page S-9 

 
			
	U.S. BANK NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Nicholas T. Hanford

	Name:	 	Nicholas T. Hanford
	Title:	 	Vice President

  
 TENTH AMENDMENT – Signature
Page S-10 

 
			
	ASSOCIATED BANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Kyle Lewis

	Name:	 	Kyle Lewis
	Title:	 	Vice President

  
 TENTH AMENDMENT – Signature
Page S-11 

 
			
	IBERIABANK,
	as a Lender
		
	By:	 	 /s/ Tyler S. Thoem

	Name:	 	Tyler S. Thoem
	Title:	 	Senior Vice President

  
 TENTH AMENDMENT – Signature
Page S-12 

 
			
	MORGAN STANLEY SENIOR FUNDING, INC.,
	as a Lender
		
	By:	 	 /s/ Pat Layton

	Name:	 	Pat Layton
	Title:	 	Vice President

  
 TENTH AMENDMENT – Signature
Page S-13 

 
			
	BOKF, NA DBA BANK OF OKLAHOMA,
	as a Lender
		
	By:	 	 /s/ John Krenger

	Name:	 	John Krenger
	Title:	 	Vice President

  
 TENTH AMENDMENT – Signature
Page S-14 

 
			
	JPMORGAN CHASE BANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Greg Determann

	Name:	 	Greg Determann
	Title:	 	Authorized Officer

  
 TENTH AMENDMENT – Signature
Page S-15 

 
			
	COMMONWEALTH BANK OF AUSTRALIA,
	as a Lender
		
	By:	 	 /s/ Sonia Schneider

	Name:	 	Sonia Schneider
	Title:	 	Associate Director

  
 TENTH AMENDMENT – Signature
Page S-16 

 
			
	ABN AMRO CAPITAL USA LLC,
	as a Lender
		
	By:	 	 /s/ Elizabeth Johnson

	Name:	 	Elizabeth Johnson
	Title:	 	Director
		
	By:	 	 /s/ Darrell Holley

	Name:	 	Darrell Holley
	Title:	 	Managing Director

  
 TENTH AMENDMENT – Signature
Page S-17 

 
			
	FIFTH THIRD BANK,
	as a Lender
		
	By:	 	 /s/ Thomas Kleiderer

	Name:	 	Thomas Kleiderer
	Title:	 	Director

  
 TENTH AMENDMENT – Signature
Page S-18 

 
			
	CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH,
	as a Lender
		
	By:	 	 /s/ Melissa E. Brown

	Name:	 	Melissa E. Brown
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Joshua Hogarth

	Name:	 	Joshua Hogarth
	Title:	 	Authorized Signatory

  
 TENTH AMENDMENT – Signature
Page S-19Exhibit 10.1

 

TERMINATION
AGREEMENT

 

This
termination agreement (the “Termination Agreement”) entered into and executed

 

	BETWEEN:	 	QUEST
    SOLUTION, INC., a Delaware corporation, with principal address at 860 Conger Street, Eugene, Oregon, 97402, USA, and represented
    here by its President and Chief Executive Officer, Shai S. Lustgarten;
	 	 	 
	 	 	(“QSI”)
	 	 	 
	AND
    	 	JOEY
    TROMBINO, a person having a place residence at 2877 de l’ecu, St. Laurent Quebec, H4R 3N2;
	 	 	 
	 	 	(“Trombino”)
	 	 	 
	 	 	(Each
    of QSI and Trombino is referred to here as a “Party” and collectively as the “Parties”)

 

PREAMBLE:

 

WHEREAS,
QSI and Trombino have entered into that certain Contractor Agreement dated as of October 1, 2016 (the “Agreement”)

 

WHEREAS,
QSI and Trombino have entered into that certain Amendment #1 to Contractor Agreement dated as of April 24, 2017 (the “Amendment
1”)

 

WHEREAS
on August 21, 2017 (the “Termination Notice Date”) QSI notified Trombino it was, at its sole discretion, terminating
without cause the Agreement and the Amendment 1.

 

WHEREAS
on August 25, 2017 QSI published an 8k whereby it announced that it was terminating without cause the Agreement and the Amendment
1 with an effective date of August 31, 2017 (the “Effective Date”).

 

WHEREAS
in consideration of the mutual benefits to be derived by the Parties, they have agreed to enter into this Termination Agreement.

 

NOW,
THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the Parties hereby
agree as follows:

 

	1.	Preamble

 

The
preamble forms an integral part of this Termination Agreement.

 

    	1 

    	 

    

 

	2.	Payment
    of Monies to Trombino

 

As
a result of the termination of the Agreement and Amendment 1, QSI agrees to pay by wire transfer the following amounts to Trombino
as set forth below which shall be deemed full payment under the Agreement and Amendment 1:

 

	 	●	$52,000
    for fees owed pursuant to the Agreement and Amendment 1 to be paid as follows:

 

$26,000
on the execution of this Termination Agreement, and;

 

$26,000
on November 1, 2017.

 

If
QSI defaults on the November 1, 2017 payment, QSI will be assessed a $20,000 penalty due immediately.

 

In
addition, QSI will reimburse any business related expenses incurred up to the termination date of August 31, 2017 except that
after August 24, 2017, Mr. Trombino may not use the Company’s credit card for expenses, unless pre-approved in writing by
the Company’s CEO. Any charges on the credit card after such date shall be the responsibility of Trombino. Any expense incurred
after August 24, 2017 should be pre-approved by the CEO. 

 

	3.	Release
    and Discharge

 

QSI
its officers, directors, agents, employees, consultants,
affiliated and/or related companies, ascendant or descendant companies, and successors-in-interest hereby
releases and forever discharges Trombino, his heirs, legatees and assigns of and from all claims, demands, actions, suits, proceedings,
causes of action, judgments, or litigation, past, present or and/or future, directly or indirectly, related to or arising from
the Agreement and Amendment 1or the termination thereof including without limitation
any and all contractual arrangements, verbal or written, executed by and between Trombino and the Released Parties, and any and
all services arising from, relating to, or connected with the Agreement and Amendment 1 or
the termination thereof.

 

Upon
payment in full of all amounts due under this Termination Agreement, Trombino his,
ascendant or descendant companies, and successors-in-interest hereby releases and forever
discharges QSI, his heirs, legatees and assigns of and from all claims, demands, actions, suits, proceedings, causes of action,
judgments, or litigation, past, present or and/or future, directly or indirectly, related to or arising from the Agreement
and Amendment 1or the termination thereof including without limitation any and all contractual
arrangements, verbal or written, executed by and between QSI and the Released Parties, and any and all services arising from,
relating to, or connected with the Agreement and Amendment 1 or the termination thereof.

 

	4.	Confidential
    Information

 

Trombino
acknowledges that all records with respect to clients, business associates, consultants, customer or referral lists, contracting
parties and referral sources of the QSI, and all personal, financial and business and proprietary information of QSI, its employees,
officers, directors and shareholders obtained by Trombino during the term of the Agreement and Amendment 1 and not generally known
in the public (the “Confidential Information”) are valuable, special and unique and proprietary assets of the QSI’s
business. Trombino hereby agrees that he will not at any time, directly or indirectly, disclose any Confidential Information,
in full or in part, in written or other form, to any person, firm, company, association or other entity, or utilize the same for
any reason or purpose whatsoever other than for the sole benefit of and pursuant to written authorization granted by QSI.

 

    	2 

    	 

    

 

“Confidential
Information” shall also include any information (including, but not limited to, technical or non-technical data, a formula,
a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product
plans, or a list of actual or potential customers) that: (i) derives economic value, actual or potential, from not being generally
known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure
or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy. In the case of
QSI’s business, QSI’s trade secrets include, without limitation, information regarding names and addresses of any
customers, sales personnel, account invoices, training and educational manuals, administrative manuals, prospective customer leads,
in whatever form, whether or not computer or electronically accessible “on-line”.

 

	5.	Resignation
    as Officer or Director

 

Trombino
hereby affirms his resignation from any position he held as an officer of QSI or any of its affiliates and or subsidiaries. Trombino
undertakes to sign any document that might be required by QSI in order to ensure that Trombino’s resignation as an officer
is duly recorded with the relevant authority in each of the appropriate jurisdictions. Trombino represents that the QSI quarterly
and annual financial statements filed with the SEC for which Trombino signed the Certification by Chief Financial Officer pursuant
to rule 13a-14(a)/15(d)-14(a) as the Principal Accounting Officer (“Financial Statements”) were prepared in accordance
to United States Generally Accepted Accounting Principles and to Trombino’s knowledge, the Financial Statements did not
contain any untrue statement of material fact or omit any information that would be material.

 

	6.	Assistance
    with Management of Certain Ongoing Matters

 

Trombino
understands that QSI may require his assistance regarding the management of certain ongoing matters, such as the management of
accounts payables. Trombino undertakes to expend reasonable commercial efforts up to a total of 10 hours from the Effective Date
to assist QSI with such matters. Any assistance requested from Trombino above that shall be on the basis of a consultancy or services
agreement the terms and conditions of which shall be mutually agreed upon between the Parties.

 

	7.	Covenants

 

7.1
Trombino and QSI mutually agree that neither Trombino nor QSI will disparage or make false or derogatory statements about each
other or any subsidiary or affiliated entity of QSI and any officer, shareholder, director, employee or agents of QSI in their
individual or representative capacities (the “Covered Parties”). Trombino or QSI shall report to each other any actions
or statements that are attributed to Trombino, QSI or any of the Covered Parties that the reporting party believes are disparaging,
derogatory or false. Trombino or QSI may take actions consistent with the provision for breach of this Termination Agreement should
either Trombino or QSI determine that the other party has disparaged or made false or derogatory statements about Trombino, QSI
or any of the Covered Parties.

 

    	3 

    	 

    

 

7.2
As of August 24, 2017, Trombino represents that he has not used the Company’s credit card for any expense and has destroyed
the credit card. Trombino will not utilize the credit card or the number linked thereto for any charge after the date of this
Agreement. QSI confirms that it has cancelled the said credit card.

 

7.3
Trombino hereby agrees that for a period of one year following the Effective Date, he will not himself or as part of a business
for which he is working solicit any individual currently employed or employed in the last 24 months by QSI or any of its current
or former affiliates.

 

	8.	Miscellaneous

 

8.1
This Termination Agreement constitutes the entire agreement between the Parties relating to its subject matter and supersedes
all prior agreements, discussions, negotiations and representations whether oral or written, related to its subject matter.

 

8.2.
Each of the Parties agree to hold harmless and indemnify the other Party, its subsidiaries and affiliates, and its shareholders,
officers, directors, agents and employees (hereinafter the “Injured Party”), for any claim, loss, damage, cost and
expense, including reasonable attorney’s fees, that the Injured Party may suffer or incur, arising from, in connection with,
or relating to, any violation by the former Party, its subsidiaries, affiliates, successors-in interest, shareholders, officers,
directors, agents and employees, of any of the undertakings contained in this Termination Agreement.

 

8.3.
Each of the Parties certify that it/he has actively sought the advice of independent legal counsel in this connection and that
it/he voluntarily executed this Termination Agreement with full knowledge and awareness of the contents and consequences thereof.

 

8.4.
Each of the Parties certify that it/he has full powers and authority to execute, conclude, and deliver this Termination Agreement
and give full legal force and effect to the release and discharge sought to be effected thereunder.

 

8.5.
Governing Law and Forum Selection. The parties have specifically requested and agreed that this Termination Agreement shall
be governed by and interpreted according to the laws of the State of Delaware, without regard to the conflicts of laws principles
thereof. Any dispute or other litigation brought by the parties, which arises from or relates to this Termination Agreement, shall
be filed in a court of competent jurisdiction in Lane County, Oregon.

 

8.6.
Attorney’s Fees. If any arbitration or litigation is instituted to interpret, enforce, or rescind this Termination
Agreement, or with respect to a claim, dispute, or other matter arising out of or relating to this Termination Agreement, including
but not limited to any proceeding brought under the United States Bankruptcy Code, the prevailing arty on a claim shall be entitled
to recover with respect to the claim, in addition to any other relief awarded, the prevailing party’s reasonable attorney’s
fees, expert witness fees, and other fees, costs, and expenses of every kind, including but not limited to the costs and disbursements
specified in ORCP 68 A(2), incurred in connection with the arbitration, the litigation, any appeal or petition for review, the
collection of any award, or the enforcement of any order, as determined by the arbitrator or court.

 

8.7.
This Termination Agreement may be executed in any number of counterparts, each of which will constitute an original hereof and
all of which together will constitute one and the same instrument. Each counterpart may be delivered by fax or email and a faxed
or emailed copy is as effective as an original.

 

    	4 

    	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement this 29th day of September 2017 at Montreal, Quebec.

 

	QUEST
    SOLUTION, INC.	 	 
	 	 	 
	/s/
    Shai S. Lustgarten	 	/s/
    Joey Trombino
	Per:
    SHAI S. LUSTGARTEN,

PRESIDENT & CEO	 	JOEY
    TROMBINO

 

(Signature
page to the Termination Agreement dated September 29, 2017)

 

    	5

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