Document:

Exhibit 10.2

Crypto 1 Acquisition Corp

1221 Brickell Avenue

Suite 900

Miami, Florida 33131

 

June 16, 2021

 

Crypto 1 Sponsor LLC

1221 Brickell Avenue

Suite 900

Miami, Florida 33131

 

RE: Securities Subscription Agreement 

 

 Ladies and Gentlemen:

 

This agreement (the “Agreement”)
is entered into on June 16, 2021 by and between Crypto 1 Sponsor LLC, a Delaware limited liability company (the “Subscriber”
or “you”), and Crypto 1 Acquisition Corp, a Cayman Island exempted company (the “Company”, “we”
or “us”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to purchase 5,750,000
shares (the “Shares”) of Class B ordinary shares, $0.0001 par value per share (the “Class B Ordinary Shares”)
up to 750,000 of which are subject to forfeiture by you if the underwriters of the initial public offering (“IPO”)
of units of the Company (the “Units”), do not fully exercise their over-allotment option (the “Over-allotment
Option”). The Company and the Subscriber’s agreements regarding such Shares are as follows:

 

1.            Purchase of Shares. For the sum of $25,000, which the Company acknowledges receiving in cash, the Company hereby issues the
Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture, on the terms and subject
to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution
of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name
representing the Shares (the “Original Certificate”), or effect such delivery in book-entry form.

 

2.            Representations, Warranties, and Agreements.

 

2.1           Subscriber’s Representations, Warranties and Agreements. To induce the Company to issue the Shares to the Subscriber,
the Subscriber hereby represents and warrants to the Company and agrees with the Company as follows:

 

2.1.1         
No Government Recommendation or Approval. The Subscriber understands that no federal or state agency has passed upon or
made any recommendation or endorsement of the offering of the Shares.

 

2.1.2         
No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Subscriber of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (a) the formation and governing documents of the Subscriber,
(b) any agreement, indenture or instrument to which the Subscriber is a party, or (c) any law, statute, rule or regulation to which the
Subscriber is subject, or any agreement, order, judgment or decree to which the Subscriber is subject.

 

2.1.3          Organization
and Authority. The Subscriber is a Delaware limited liability company, validly existing and in good standing under the laws of
Delaware and possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.
Upon execution and delivery by you, this Agreement is a legal, valid and binding agreement of Subscriber, enforceable against
Subscriber in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency,
fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally and subject to general
principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

 

     

     

    

 

2.1.4         
 Experience, Financial Capability and Suitability.

 

(a)          Subscriber is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in
the Shares and (ii) able to bear the economic risk of its investment in the Shares for an indefinite period of time because the Shares
have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and therefore cannot be
sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Subscriber is capable
of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests.

 

(b)          Subscriber must bear the economic risk of this investment until the Shares are sold pursuant to: (i) an effective registration
statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Subscriber is able to bear
the economic risks of an investment in the Shares and to afford a complete loss of Subscriber’s investment in the Shares.

 

2.1.5         
Access to Information; Independent Investigation. Prior to the execution of this Agreement, the Subscriber has had the opportunity
to ask questions of and receive answers from representatives of the Company concerning an investment in the Company, as well as the finances,
operations, business and prospects of the Company, and the opportunity to obtain additional information to verify the accuracy of all
information so obtained. In determining whether to make this investment, Subscriber has relied solely on Subscriber’s own knowledge
and understanding of the Company and its business based upon Subscriber’s own due diligence investigation and the information furnished
pursuant to this paragraph. Subscriber understands that no person has been authorized to give any information or to make any representations
which were not furnished pursuant to this Section 2 and Subscriber has not relied on any other representations or information in
making its investment decision, whether written or oral, relating to the Company, its operations and/or its prospects.

 

2.1.6         
Regulation D Offering. Subscriber represents that it is an “accredited investor” as such term is defined in
Rule 501(a) of Regulation D promulgated under the Securities Act and acknowledges the sale contemplated hereby is being made in reliance
on a private placement exemption to “accredited investors” within the meaning of Section 501(a) of Regulation D promulgated
under the Securities Act or similar exemptions under state law.

 

2.1.7         
Investment Purposes. The Subscriber is purchasing the Shares solely for investment purposes, for the Subscriber’s
own account and not for the account or benefit of any other person, and not with a view towards the distribution or dissemination thereof.
The Subscriber did not decide to enter into this Agreement as a result of any general solicitation or general advertising within the meaning
of Rule 502(c) of Regulation D promulgated under the Securities Act.

 

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2.1.8          Restrictions
on Transfer; Shell Company. Subscriber understands the Shares are being offered in a transaction not involving a public offering
within the meaning of the Securities Act. Subscriber understands the Shares will be “restricted securities” within the
meaning of section (a)(3) of Rule 144 promulgated under the Securities Act (“Rule 144”), and Subscriber
understands that the Certificates (as defined in Section 3.3) or book-entries representing the Shares will contain a legend
in respect of such restrictions. If in the future the Subscriber decides to offer, resell, pledge or otherwise transfer the Shares,
such Shares may be offered, resold, pledged or otherwise transferred only pursuant to (a) registration under the Securities Act
covering such offer, resale, pledge or other transaction or (b) an available exemption from registration. Subscriber agrees that if
any transfer of its Shares or any interest therein is proposed to be made, as a condition precedent to any such transfer, Subscriber
may be required to deliver to the Company an opinion of counsel satisfactory to the Company. Absent registration or an exemption,
the Subscriber agrees not to resell the Shares. Subscriber further acknowledges that because the Company is a shell company,
Subscriber may not be able to rely on Rule 144 promulgated under the Securities Act with respect to the resale of the Shares until
one year following consummation of the initial business combination of the Company, despite technical compliance with the
requirements of Rule 144 and the release or waiver of any contractual transfer restrictions.

 

2.1.9         
No Governmental Consents. No governmental, administrative or other third-party consents or approvals are required, necessary
or appropriate on the part of Subscriber in connection with the transactions contemplated by this Agreement.

 

2.2           Company’s
Representations, Warranties and Agreements. To induce the Subscriber to purchase the Shares, the Company hereby represents and
warrants to the Subscriber and agrees with the Subscriber as follows:

 

2.2.1         
Organization and Corporate Power. The Company is a Delaware corporation and is qualified to do business in every jurisdiction
in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating
results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions
contemplated by this Agreement.

 

2.2.2         
No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (a) the certificate of incorporation or by-laws of the
Company, (b) any agreement, indenture or instrument to which the Company is a party, or (c) any law, statute, rule or regulation to which
the Company is subject, or any agreement, order, judgment or decree to which the Company is subject.

 

 

2.2.3         
Title to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Shares will be duly
and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Subscriber
will have or receive good title to the Shares, free and clear of all liens, claims and encumbrances of any kind, other than (a) transfer
restrictions hereunder and other agreements to which the Shares may be subject which have been notified to the Subscriber in writing,
(b) transfer restrictions under federal and state securities laws, and (c) liens, claims or encumbrances imposed due to the actions of
the Subscriber.

 

2.2.4         
No Adverse Actions. There are no actions, suits, investigations or proceedings pending, threatened against or affecting
the Company that: (a) seek to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this
Agreement or (b) question the validity or legality of any transactions or seeks to recover damages or to obtain other relief in connection
with any transactions.

 

    - 3 - 

     

    

 

3.            Forfeiture of Shares.

 

3.1           Partial
or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is
not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of the Shares (such
transferees, the “Initial Shareholders”)) shall forfeit any and all rights to such number of Shares (up to an
aggregate of 750,000 Shares, pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately
following such forfeiture, the Subscriber (and all other Initial Shareholders prior to the IPO, if any) will own an aggregate number
of Shares (not including any Shares issuable upon exercise of any warrants or any shares of Class A ordinary shares, par value
$0.0001 per share (the “Class A ordinary shares”, together with the Class A ordinary shares, the “Class
A Ordinary Shares”) purchased by Subscriber or any other Initial Shareholder in the IPO or in the aftermarket) equal to
20% of the issued and outstanding Shares immediately following the IPO.

 

3.2             Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then
after such time the Subscriber (or Initial Shareholder or other successor in interest), shall no longer have any rights as a holder of
such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

 

3.3            Share Certificates. In the event an adjustment to the original certificates representing
the Shares (the “Original Certificates”), if any, is required pursuant to this Section 3,
then the Subscriber shall return such Original Certificates to the Company or its designated agent as soon as practicable upon its receipt
of Notice (as defined in Section 6.2) from the Company advising Subscriber of such adjustment, following which a new certificate
representing the Shares (the “New Certificate” and together with the Original Certificates, the “Certificates”),
if any, shall be issued in such amount representing the adjusted number of Shares held by the Subscriber. The New Certificate, if any,
shall be returned to the Subscriber as soon as practicable. Any such adjustment for any uncertificated securities held by the Subscriber
shall be made in book-entry form.

 

4.            Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement,
the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the
trust account, which will be established for the benefit of the Company’s public shareholders and into which substantially all of
the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon
the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases
Units in the IPO or shares of Class A ordinary shares in the aftermarket, any additional shares of Class A ordinary shares included in
the Units or shares of Class A ordinary shares so purchased shall be eligible to receive any liquidating distributions by the Company.
However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful
completion of an initial business combination.

 

5.            Restrictions
on Transfer.

 

5.1            Securities Law Restrictions. In addition to any restrictions to be contained in that certain letter agreement (commonly
known as an “Insider Letter”) by and between Subscriber and the Company to be dated as of the closing of the IPO, Subscriber
agrees not to sell, transfer, pledge, hypothecate or otherwise dispose of all or any part of the Shares unless, prior thereto (a) a registration
statement on the appropriate form under the Securities Act and applicable state securities laws with respect to the offer and sale of
the Shares proposed to be transferred shall then be effective or (b) the Company has received an opinion from counsel reasonably satisfactory
to the Company, that such registration is not required because such transaction is exempt from registration (i) under the Securities Act
and the rules promulgated thereunder by the Securities and Exchange Commission and (ii) with respect to all applicable state securities
laws. 

 

5.2            Lock-up. Subscriber acknowledges that the Shares will be subject to lock-up provisions
(the “Lock-up”) contained in the Insider Letter.

 

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5.3             Restrictive
Legends. Any Certificates shall have endorsed thereon legends substantially as follows:

 

“THE OFFER AND SALE OF THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES
NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT COVERING SUCH OFFER, SALE, TRANSFER, PLEDGE OR OTHER DISPOSAL UNDER SUCH ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION
UNDER SUCH ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL, IS AVAILABLE.”

 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO A LOCKUP AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE LOCKUP.”

 

5.4            Additional Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration of an
extraordinary dividend payable in a form other than Class A Ordinary Shares, a spin-off, a share split, an adjustment in conversion ratio,
a recapitalization or a similar transaction affecting the Company’s outstanding shares of Class A Ordinary Shares without receipt
of consideration, any new, substituted or additional securities or other property, which are by reason of such transaction distributed
with respect to any Shares subject to this Section 5 or into which such Shares thereby become convertible shall immediately be
subject to this Section 5 and Section 3. Appropriate adjustments to reflect the distribution of such securities or property
shall be made to the number or class of Shares subject to this Section 5 and Section 3.

 

5.5            Registration
Rights. Subscriber acknowledges that the Shares are being purchased pursuant to an exemption from the registration requirements of
the Securities Act and will become freely-tradable only after certain conditions are met or the offer and sale of the Shares is registered
under the Securities Act pursuant to that certain registration rights agreement to be dated as of the closing of the IPO by and between
Subscriber, the Company, and the other parties thereto (the “Registration Rights Agreement”) prior to the closing
of the IPO.

 

6.             Other Agreements.

 

6.1             Further Assurances. Subscriber agrees to execute such further instruments and to take such further action as may reasonably
be necessary to carry out the intent of this Agreement.

 

6.2            Notices. All notices, requests, consents, claims, demands, waivers, and other communications hereunder (each, a “Notice”)
shall be in writing and addressed to the parties at the addresses set forth on the first page of this Agreement (or to such other address
that may be designated by the receiving party from time to time in accordance with this Section 6.2). A Notice shall be deemed
to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a
nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or email (with confirmation of transmission)
if sent during normal business hours of the recipient, and on the next business day if sent after normal business hours of the recipient;
or (d) on the third day after the date mailed, by certified or registered mail (in each case, return receipt requested, postage pre-paid).

 

6.3            Entire
Agreement. This Agreement, together with the Insider Letter and the Registration Rights Agreement, each substantially in the
form to be filed as an exhibit to the Registration Statement on Form S-1 associated with the Company’s IPO, embodies the
entire agreement and understanding between the Subscriber and the Company with respect to the subject matter hereof and supersedes
all prior oral or written agreements and understandings relating to the subject matter hereof. No statement, representation,
warranty, covenant or agreement of any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change
or restrict, the express terms and provisions of this Agreement.

 

    - 5 - 

     

    

 

6.4           Modifications and Amendments. The terms and provisions of this Agreement may be modified or amended only by written agreement
executed by all parties hereto.

 

6.5            Assignment. The rights and obligations under this Agreement may not be assigned by either party hereto without the prior
written consent of the other party.

 

6.6            Successors and Assigns; No Third-Party Beneficiaries. This Agreement shall be binding upon and shall inure to the benefit
of the parties hereto and their respective permitted successors and permitted assigns. This Agreement is for the sole benefit of the parties
hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon
any other person or entity any legal or equitable right, benefit, or remedy of any nature whatsoever under or by reason of this Agreement.

 

6.7            Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with
and governed by the laws of New York applicable to contracts wholly performed within the borders of such state, without giving effect
to the conflict of law principles thereof.

 

6.8            Severability. In the event that any court of competent jurisdiction shall determine that any provision, or any portion thereof,
contained in this Agreement shall be unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the
extent that such court deems it reasonable and enforceable, and as so limited shall remain in full force and effect. In the event that
such court shall deem any such provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement shall nevertheless
remain in full force and effect.

 

6.9            Waivers and Consents. No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth
in writing and signed by the party so waiving. No waiver by any party shall operate or be construed as a waiver in respect of any failure,
breach, or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring
before or after that waiver. No failure to exercise, or delay in exercising, any right, remedy, power, or privilege arising from this
Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power, or
privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege. No
Notice on a party not expressly required under this Agreement shall entitle the party receiving such Notice to any other or further Notice
in similar or other circumstances or constitute a waiver of the rights of the party giving such Notice to any other or further action
in any circumstances without such Notice.

 

6.10          
Survival of Representations and Warranties. All representations and warranties made by the parties hereto in this Agreement
or in any other agreement, certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery hereof
and any investigations made by or on behalf of the parties.

 

6.11           No
Broker or Finder. Each of the parties hereto represents and warrants to the other that no broker, finder or other financial
consultant has acted on its behalf in connection with this Agreement or the transactions contemplated hereby in such a way as to
create any liability on the other. Each of the parties hereto agrees to indemnify and save the other harmless from any claim or
demand for commission or other compensation by any broker, finder, financial consultant or similar agent claiming to have been
employed by or on behalf of such party and to bear the cost of legal expenses incurred in defending against any such claim.

 

    - 6 - 

     

    

 

6.12          
Headings and Captions. The headings and captions of the various subdivisions of this Agreement are for convenience of reference
only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof.

 

6.13          
Counterparts. This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party,
it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission
or any other form of electronic delivery, such signature shall create a valid and binding obligation of the party executing (or on whose
behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.

 

6.14          
Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity
or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption
or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. The
words “include,” “includes,” and “including” will be deemed to be followed by
 “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender,
and words in the singular form will be construed to include the plural and vice versa, unless the context otherwise requires. The words
 “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,”
and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The
parties hereto intend that each representation, warranty, and covenant contained herein will have independent significance. If any party
hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation,
warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has
not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or
covenant.

 

6.15          
Mutual Drafting. This Agreement is the joint product of the Subscriber and the Company and each provision hereof has been
subject to the mutual consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto.

 

7.            Voting and Tender of Shares. The Subscriber agrees to vote the Shares in favor of an initial business combination that the
Company negotiates and submits for approval to the Company’s shareholders and the Subscriber shall not seek redemption with respect
to such Shares. Additionally, the Subscriber agrees not to tender any Shares in connection with a tender offer presented to the Company’s
shareholders in connection with an initial business combination negotiated by the Company.

 

8.            Indemnification. Each party shall indemnify the other against any loss, cost or damages (including reasonable attorney’s
fees and expenses) incurred as a result of such party’s breach of any representation, warranty, covenant or agreement in this Agreement.

 

[Signature Page Follows]

 

    - 7 - 

     

    

  

If the foregoing accurately sets forth our understanding
and agreement, please sign the enclosed copy of this Agreement and return it to us.

 

	 	Very truly yours,

 

	 	CRYPTO 1 ACQUISITION CORP

 

	 	By: 	 
	 	Name:	Michael (Xu) Zhao
	 	Title:	Chief Executive Officer

 

 

  

Accepted and agreed as of the date first written
above.

 

	CRYPTO 1 SPONSOR LLC	 

 

	By: 	 	 
	Name:	David Hytha	 
	Title:	Managing Member	 

[Signature Page to Subscription
Agreement]Exhibit 10.57

 

Execution Version

 

EXECUTIVE
SERVICES AGREEMENT

 

THIS
EXECUTIVE SERVICES AGREEMENT (this “Agreement”) is made and entered
into as of November 3, 2021 (the “Effective Date”), by and between Jonathan Hartigan (“Executive”)
and Evolve Transition Infrastructure GP LLC (formerly known as Sanchez Midstream Partners GP LLC), a Delaware limited liability company
(the “Company”) and the general partner of Evolve Transition Infrastructure LP (formerly known as Sanchez Midstream
Partners LP), a Delaware limited partnership (the “Partnership,” and together with the Company, the “Partnership
Parties”). Executive and the Company are collectively referred to herein as the “Parties,” and
individually as a “Party.”

 

WHEREAS,
the Parties wish that Executive be hired as an employee of the Company as of the Effective Date, and to transition into the role of the
President and Chief Investment Officer of the Company effective as of December 1, 2021, in each case, to provide services for and
on behalf of the Partnership Parties; and

 

WHEREAS,
the Parties wish to memorialize their agreement with respect to the terms and conditions of Executive’s employment as specified
hereunder.

 

NOW,
THEREFORE, in consideration of the mutual promises contained herein and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, mutually agree
as follows:

 

1.            Term:
Effective as of the Effective Date, Executive agrees to provide services as an employee of the Company for and on behalf of the Partnership
Parties, and effective as of December 1, 2021, the Company agrees to employ Executive as the Company’s President and Chief
Investment Officer, in each case, (i) reporting to such persons as shall be determined in the absolute discretion of the Company’s
Board of Directors (the “Board”), (ii) pursuant to the terms and conditions of this Agreement, and (iii) continuing
from the Effective Date until Executive’s services are terminated by either Executive or the Company, as applicable, in accordance
with Section 4 below (the “Term”).

 

2.            Place
of Services: Executive will perform Executive’s duties under this Agreement at the Partnership Parties’ offices in
Houston, Texas.

 

3.            Compensation:
During the Company’s employment of Executive, and subject to this Agreement, the Company agrees as follows:

 

a.            Base
Salary: Executive’s annual base salary is $375,000, subject to applicable withholdings and deductions (“Base Salary”).
Executive’s Base Salary may be increased during the Term in the absolute discretion of the Board, or, if applicable, an authorized
committee thereof, in accordance with the rules and procedures governing the Board. To the extent Executive’s Base Salary
is increased during the Term, such increased rate shall thereafter be considered Executive’s “Base Salary” for purposes
of this Agreement.

 

    

    

    

 

b.            Annual
Bonus: In addition to Executive’s Base Salary, during the Term, Executive shall receive an annual bonus for services rendered
by Executive to the Partnership Parties equal to an amount between one hundred (100%) and one hundred fifty percent (150%) of Executive’s
Base Salary, as determined by the Board, in its sole discretion, subject to applicable withholdings and deductions (the “Annual
Bonus”). The Annual Bonus with respect to the 2021 and 2022 annual periods (the “Initial Bonus Amounts”)
shall be payable to Executive in cash or common units representing limited partner interests (“Common Units”)
of the Partnership (or in a combination of cash and Common Units), as determined by the Board. The Initial Bonus Amounts that are payable
in cash shall be paid to Executive on January 2, 2024 (“Deferred Initial Bonus Amounts”); provided that,
to the extent the Initial Bonus Amounts are payable in Common Units, such Common Units shall be delivered to Executive no later than
March 15th of the year following the applicable annual period for which such Initial Bonus Amounts relate. With respect
to the 2021 annual period, Executive shall be eligible to receive a pro-rated Annual Bonus (calculated as the Annual Bonus that would
have been paid for the entire 2021 annual period multiplied by a fraction, the numerator of which is equal to the number of days Executive
worked in such annual period, and the denominator of which is equal to the total number of days in such period). With respect to the
2023 annual period and thereafter, the Annual Bonus shall be payable to Executive in cash no later than March 15th of
the year following the annual period for which such Annual Bonus relates. The preceding Annual Bonus percentages may be increased during
the Term in the absolute discretion of the Board, or, if applicable, an authorized committee thereof, in accordance with the rules and
procedures governing the Board. To the extent the preceding Annual Bonus percentages are increased during the Term, such increased percentages
shall thereafter be considered Executive’s “Annual Bonus” for purposes of this Agreement.

 

c.            Long-Term
Incentive Compensation Awards:

 

i.            The
Board has approved a grant to Executive of restricted units in respect of 2,589,888 Common Units pursuant to the Company’s 2021
Equity Inducement Award Program, such grant to be made and effective on the Effective Date (the “Inducement Award”).
Subject to Executive’s continued employment (unless otherwise provided for therein), the Inducement Award shall vest and become
nonforfeitable if and to the extent the performance goals specified therein are attained. All other terms and conditions of the Inducement
Award shall be governed by the Award Agreement that evidences the Inducement Award and the “Inducement Plan” (that is incorporated
by reference in such Award Agreement) unless otherwise provided for thereunder.

 

ii.            Executive
shall be eligible to receive awards under the Sanchez Production Partners LP Long-Term Incentive Plan or any successor thereto (the “Plan”)
and to participate in any long-term incentive programs available generally to the Company’s executive officers in the future, both
as determined in the sole discretion of the Board, or, if applicable, a committee thereof.

 

d.            In
addition to the Base Salary and Annual Bonuses and incentives payable to Executive pursuant to this Section 3, Executive shall also
be entitled to the following benefits during the Term, unless otherwise modified by the Board.

 

    

    

    

 

		i.	participation in the applicable retirement
                                            plans, health and welfare plans and disability insurance plans of the Partnership Parties,
                                            under the terms of such plans (in effect from time to time) and to the same extent and under
                                            the same conditions such participation and coverages are provided to other similarly situated
                                            executive officers of the Company;

 

		ii.	unlimited paid vacation each calendar
                                            year which may be used in Executive’s reasonable discretion, so long as the vacation
                                            time does not interfere with Executive’s ability to complete his or her corporate obligations,
                                            and is used only for time off for vacation and personal days, and not for other purposes
                                            covered by leave of absence and paid sick leave policies; and

 

		iii.	reimbursement within thirty (30) days
                                            of its receipt from Executive of supporting receipts, to the extent required by the Company’s
                                            reimbursement policies, for all of Executive’s out-of-pocket business expenses reasonably
                                            and actually incurred by Executive in connection with his or her employment hereunder (Board
                                            approval shall be required for any single expense exceeding $10,000 or for expenses exceeding
                                            in the aggregate annually $120,000 and reimbursement of any and all business expenses is
                                            conditioned on Executive submitting his or her request to the Company for reimbursement and
                                            supporting substantiation within ninety (90) days of the date on which any such expenses
                                            shall have been incurred).

 

4.            Termination

 

a.            Services
Terminable At-Will; Notice of Termination: The Term and Executive’s employment hereunder may be terminated by Executive or
the Company at any time and for any reason, the date of such termination of employment being the “Termination Date”;
provided, that, any purported termination shall be communicated by a written “Notice of Termination” to the
other in accordance with Section 26 below. The Notice of Termination shall (i) indicate the specific termination provision
of this Agreement relied upon, (ii) to the extent applicable, set forth in reasonable detail the facts and circumstances claimed
to provide a basis for the termination of Executive’s services, under the provision so indicated, and (iii) specify the effective
Termination Date of Executive’s services hereunder (which shall not be earlier than the date the Notice of Termination is sent,
and shall not be later than thirty (30) days after the date of the Notice of Termination is sent).

 

    

    

    

 

b.            Definitions:
For purposes of this Agreement, the following definitions shall apply:

 

i.            Affiliate:
means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled
by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct
or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting
securities, by contract or otherwise.

 

ii.            Area
of Interest: means (a) during the Restriction Period prior to or on the Termination Date, the continental United States, and
(b) during the Restriction Period following the Termination Date, any county in the United States in which the Company or its Affiliates:
(i) owns or operates any material asset or (ii) evaluated a potential material investment or potential material project during
the twelve (12) months prior to the Termination Date, and each county in the United States adjacent to any such county.

 

iii.            Business:
means the business conducted by the Company and its Affiliates in respect of the acquisition, development and ownership of infrastructure
related to the transition of energy supply to lower carbon sources.

 

iv.            Cause:
the Company will have “Cause” to terminate Executive’s services under this Agreement for any of the following
reasons:

 

1.            Executive’s
commission or conviction of, or plea of nolo contendere to, any felony or crime involving moral turpitude;

 

2.            Executive
being charged with, or a defendant in, an action brought by the Securities and Exchange Commission or another federal or state regulator
based primarily on Executive’s individual alleged acts or omissions during Executive’s appointment as an officer of, or while
providing services to, the Partnership Parties;

 

3.            Executive’s
commission of a willful and material act of fraud or embezzlement of the Company’s funds or other assets causing material damage
to the Company; or

 

4.            Executive’s
willful and material misrepresentations or concealments on any written reports submitted to the Board;

 

provided, that, any of the events described
in Section 4(b)(iv)(3) or Section 4(b)(iv)(4) above shall constitute Cause only if Executive fails to cure such event
to the reasonable satisfaction of the Board within thirty (30) calendar days of receiving written notice from the Board of the event
which allegedly constitutes Cause.

 

    

    

    

 

v.            Change
in Control: means, except as otherwise acknowledged on Schedule B of this Agreement, the occurrence of any of the following
events: (A) any merger, consolidation or other transaction involving the Partnership or the Company, whether in one or a series
of related transactions, which results in any “person” or “group” within the meaning of those terms as used in
Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended, other than an Affiliate of the Partnership
or the Company, directly or indirectly acquiring control over more than fifty percent (50%) of the equity interests of the Partnership
or the Company, as applicable, (B) the direct or indirect sale, transfer, conveyance or other disposition, in one or a series of
related transactions, of all or substantially all of the assets of the Partnership, (C) any dissolution or liquidation of the Partnership
or the Company (other than in connection with a bankruptcy proceeding or a statutory winding up); or (D) any other transaction pursuant
to which the Company or any Affiliate controlled by the Company exercises its rights to purchase all of the Common Units pursuant to
Section 15.1 of the Third Amended and Restated Agreement of Limited Partnership of the Partnership (as amended and as may be further
amended, restated, supplemented or otherwise modified from time to time).

 

vi.            Good
Reason: Executive will have “Good Reason” to terminate Executive’s employment hereunder for any of
the following reasons to which Executive does not consent in writing:

 

1.            the
relocation of Executive’s primary place of performing services for the Partnership Parties to a location that increases Executive’s
commute to such location by more than fifty (50) miles from Executive’s primary place of performing services as set forth in Section 2;

 

2.            a
material diminution in Executive’s Base Salary;

 

3.            a
material diminution in the authority, duties or responsibilities of Executive to the Partnership Parties as an officer following appointment
to the officer role on December 1, 2021; or

 

4.            any
other action or inaction that constitutes the Company’s material breach of any provision of this Agreement;

 

provided, that, any of the conditions
described in Section 4(b)(vi)(1) through 4(b)(vi)(4) above shall constitute Good Reason only if the Company fails to cure
such condition to the reasonable satisfaction of Executive within thirty (30) calendar days of receiving written notice from Executive
of the condition which allegedly constitutes Good Reason; and provided further, that, Executive’s termination shall constitute
a termination by Executive for Good Reason only if the Termination Date occurs not later than ninety (90) calendar days following the
initial existence of one or more of the conditions described in Section 4(b)(vi)(1) through 4(b)(vi)(4) above.

 

vii.            Disability:
For purposes of this Agreement, “Disability” shall mean the earlier of:

 

1.            a
written determination by a physician that Executive has been unable to substantially perform Executive’s usual and customary services
for the Partnership Parties under this Agreement for a period of at least one hundred twenty (120) consecutive days (or one hundred eighty
(180) non-consecutive days) during any twelve (12) month period as a result of Executive’s incapacity due to mental or physical
illness; or

 

    

    

    

 

2.            “disability”
as such term is defined in the Company’s applicable long-term disability insurance plan as it is in effect at the time Executive
becomes Disabled.

 

viii.         New
Business Opportunity: means any commercial proposal, prospect, solicitation, deal, transaction or opportunity relating to the Business.

 

ix.            Offtake
Condition: has the meaning ascribed to such term in that certain Framework Agreement by and between HOBO Renewable Diesel LLC and
Evolve Transition Instructure LP, dated November 3, 2021.

 

x.            Person:
means any individual, corporation, limited liability company, joint venture, trust, unincorporated organization, association, government
agency or political subdivision thereof, or other entity.

 

c.            Compensation
Upon Certain Events.

 

i.            Termination
by the Company for Cause or by Executive Without Good Reason: If Executive’s employment hereunder is terminated by the Company
for Cause or by Executive without Good Reason, then:

 

1.            the
Company shall pay to Executive an amount equal to Executive’s accrued but unpaid then-current Base Salary and any unpaid expense
reimbursements or similar cash entitlements, pursuant to the applicable policies of the Company and its Affiliates, through the Termination
Date, but excluding any payments or benefits with respect to vacation time; and

 

2.            the
treatment of each long-term incentive compensation award shall be governed by the terms and conditions of the applicable award agreement
for such award and the Plan or similar incentive award program under which such award was granted.

 

ii.            Termination
Upon Executive’s Death or Disability: Upon Executive’s death or Disability:

 

1.            the
Company shall pay to Executive (or Executive’s designated beneficiaries), an amount equal to Executive’s accrued but unpaid
then-current Base Salary and Deferred Initial Bonus Amounts, as well as any unpaid expense reimbursements or similar cash entitlements,
pursuant to the applicable policies of the Company and its Affiliates, through the Termination Date, but excluding any payments or benefits
with respect to vacation time;

 

    

    

    

 

2.            provided
that the Offtake Condition is achieved prior to the Termination Date as determined by the Board in good faith, to the extent not yet
paid to Executive (or Executive’s designated beneficiaries), the Company shall pay to Executive (or Executive’s designated
beneficiaries) (x) the amount of Executive’s Annual Bonus for the last full year during which Executive performed services
for the Partnership Parties, and (y) the amount of Executive’s Annual Bonus for the current year, based on Executive’s
Annual Bonus for such last full year and pro-rated based on Executive’s Termination Date, which amounts shall be payable at the
time, and to the extent that, such Annual Bonus amounts are payable to similarly situated executive officers of the Company; and

 

3.            the
treatment of each long-term incentive compensation award shall be governed by the terms and conditions of the applicable award agreement
for such award and the Plan or similar incentive award program under which such award was granted.

 

iii.            Termination
by the Company Without Cause or by Executive for Good Reason: If Executive’s employment hereunder is terminated by the Company
without Cause, or by Executive for Good Reason, then:

 

1.            the
Company shall pay to Executive an amount equal to Executive’s accrued but unpaid then-current Base Salary and Deferred Initial
Bonus Amounts, as well as any unpaid expense reimbursements or similar cash entitlements, pursuant to the applicable policies of the
Company and its Affiliates, through the Termination Date, but excluding any payments or benefits with respect to vacation time;

 

2.            provided
that the Offtake Condition is achieved prior to the Termination Date as determined by the Board in good faith, the Company shall pay
to Executive an amount equal to (x) one hundred percent (100%) of Executive’s Base Salary; plus (y) one hundred percent
(100%) of the largest Annual Bonus paid to (or due to be paid to) Executive for the year in which the Termination Date occurred or any
year in the three (3)-calendar year period immediately preceding the Termination Date, which shall be paid in a single lump sum within
fourteen (14) calendar days of the Termination Date;

 

3.            provided
that the Offtake Condition is achieved prior to the Termination Date as determined by the Board in good faith, if Executive timely elects
continuation coverage under COBRA, then the Company shall pay the COBRA premiums for Executive and Executive’s eligible dependents
directly to the applicable insurer(s) until the earliest of: (x) the eighteen (18)-month anniversary of the Termination Date;
(y) the date Executive is no longer eligible to receive COBRA continuation coverage; and (z) the date on which Executive becomes
eligible to receive substantially similar coverage from another employer or other source (such period referred to herein as the “COBRA
Continuation Period”));

 

    

    

    

 

4.            provided
that the Offtake Condition is achieved prior to the Termination Date as determined by the Board in good faith, to the extent not yet
paid to Executive, the Company shall pay to Executive (x) the amount of Executive’s Annual Bonus for the last full year during
which Executive performed services for the Partnership Parties, and (y) the amount of Executive’s Annual Bonus for the current
year, based on Executive’s Annual Bonus for such last full year and pro-rated based on Executive’s Termination Date, which
amounts shall be payable at the time, and to the extent that, such Annual Bonus amounts are payable to similarly situated executive officers
of the Company; and

 

5.            the
treatment of each long-term incentive compensation award shall be governed by the terms and conditions of the applicable award agreement
for such award and the Plan or similar incentive award program under which such award was granted;

 

provided, that, as a condition
to receiving the benefits described in the above paragraphs 2-4, Executive must sign and return a release of all known and unknown claims
in a termination agreement that is acceptable to the Company within the applicable deadline set forth therein, but in no event later
than forty-five (45) days after the Termination Date.

 

iv.            Change
in Control: If, during the period beginning sixty (60) days prior to and ending two (2) years immediately following a Change
in Control, either (A) the Company terminates Executive’s employment without Cause, or (B) Executive terminates Executive’s
employment with the Company for Good Reason, in each case constituting a “separation from service” within the meaning of
Section 409A of the Internal Revenue Code of 1986 (the “Code”) (“Separation from Service”),
then:

 

1.            the
Company shall pay to Executive an amount equal to Executive’s accrued but unpaid then-current Base Salary and Deferred Initial
Bonus Amounts, as well as any unpaid expense reimbursements or similar cash entitlements, pursuant to the applicable policies of the
Company and its Affiliates, through the Termination Date, but excluding any payments or benefits with respect to vacation time;

 

2.            provided
that the Offtake Condition is achieved prior to the Termination Date as determined by the Board in good faith, the Company shall pay
to Executive, in a single lump sum within fourteen (14) calendar days of the Termination Date, an amount equal to (x) two hundred
percent (200%) of Executive’s then-current Base Salary; plus (y) two hundred percent (200%) of the largest Annual Bonus paid
to (or due to be paid to) Executive for the year in which the Termination Date occurred or any year in the three (3)-calendar year period
immediately preceding the Termination Date;

 

    

    

    

 

3.            provided
that the Offtake Condition is achieved prior to the Termination Date as determined by the Board in good faith, if Executive timely elects
continuation coverage under COBRA, then the Company shall pay the COBRA premiums for Executive and Executive’s eligible dependents
directly to the applicable insurer(s) during the COBRA Continuation Period;

 

4.            provided
that the Offtake Condition is achieved prior to the Termination Date as determined by the Board in good faith, to the extent not yet
paid to Executive the Company shall pay to Executive, (x) the amount of Executive’s Annual Bonus for the last full year during
which Executive performed services for the Partnership Parties, and (y) the amount of Executive’s Annual Bonus for the current
year, based on Executive’s Annual Bonus for such last full year and pro-rated based on Executive’s Termination Date, which
amounts shall be payable at the time, and to the extent that, such Annual Bonus amounts are payable to similarly situated executive officers
of the Company; and

 

5.            the
treatment of each long-term incentive compensation award shall be governed by the terms and conditions of the applicable award agreement
for such award and the Plan or similar incentive award program under which such award was granted;

 

provided, that, as a condition
to receiving the benefits described in the above paragraphs 2-4, Executive must sign and return a release of all known and unknown claims
in a termination agreement that is acceptable to the Company within the applicable deadline set forth therein, but in no event later
than forty-five (45) days after the Termination Date.

 

5.            Non-Competition.

 

a.            In
General: During the Term and until the one (1)-year anniversary following Executive’s termination of employment with the Company
(the “Restriction Period”), Executive shall not directly or indirectly (i) invest or otherwise take advantage
of any New Business Opportunity in the Area of Interest, (ii) engage in any other activity or take any other employment in either
case relating to, or competing with, the Business in the Area of Interest, (iii) perform services in the Area of Interest for third
parties that are competitive with the Business (“Competitive Services”), (iv) induce or solicit employees,
salesmen, agents, consultants, distributors, representatives or advisors to terminate or reduce their relations with the Company and
its Affiliates, (v) induce or solicit customers or suppliers of the Company and its Affiliates to terminate or reduce their business
relations with the Company and its Affiliates, (vi) induce or solicit any investors in connection with any (A) New Business
Opportunity in the Area of Interest or (B) business that engages or participates in the Business in the Area of Interest or that
performs Competitive Services or (vii) own, operate, advise, manage, carry on, establish, acquire control of, invest in or have
an interest (in the capacity of a shareholder, partner, principal, consultant, or any other relationship or capacity) in or otherwise
be engaged or affiliated with, any business that engages or participates in the Business in the Area of Interest or that performs Competitive
Services.

 

    

    

    

 

b.            Permitted
Outside Activities: Notwithstanding anything to the contrary, the prohibitions of Section 5(a) shall not be deemed to prevent
Executive from engaging in (i) activities listed in Schedule A of this Agreement, (ii) passive personal investments,
charitable or public service activities or other business activities expressly approved by the Board and (iii) acquisitions or ownership
of passive equity interests in businesses engaged in the Business in the Area of Interest, provided any equity acquired or owned is publicly
traded, is not more than one percent (1%) of the economic interest of such business and does not grant Executive any material rights
of control.

 

6.            Non-Disparagement.
During the Term and thereafter, Executive will not, directly or indirectly, make any disparaging statement or other negative remarks,
written or oral, about the Company or any of its Affiliates or any of their directors, officers, employees or managers, whether past
or present. This Section 6 shall not, however, prohibit Executive from testifying or otherwise participating in any legal proceeding,
cooperating or otherwise participating in a governmental investigation, or otherwise making any statements or taking any action required
or protected by applicable law.

 

7.            Patents,
Copyrights, Trademarks, and Other Property Rights. Any and all inventions, improvements, discoveries, formulas, technology, business
and sales strategies, administration and accounting systems, processes, and computer software relating to the Company or its respective
Affiliates’ businesses (whether or not patentable), discovered, developed, or learned by Executive during Executive’s employment
with the Company (including prior to Executive’s execution of this Agreement) are the sole and absolute property of the Company
and are “works made for hire” as that term is defined in the copyright laws of the United States and Executive will agree
to assign any and all rights thereto to the Company or such Affiliate. The Company is the sole and absolute owner of all patents, copyrights,
trademarks, and other property rights to those items and Executive will fully assist the Company to obtain the patents, copyrights, trademarks,
or other property rights to all such inventions, improvements, discoveries, formulas, technology, business and sales strategies, administration
and accounting systems, processes, or computer software.

 

    

    

    

 

8.            Confidential
Information. During the Term and thereafter, Executive will not, directly or indirectly, use, divulge, transmit or otherwise
disclose (except as required by applicable law) any trade secrets or other confidential or proprietary information of the Company or
its Affiliates, including any such information relating to the Company’s or its Affiliates’ operations, finances, processes,
services, techniques, customers or plans; provided, however, that Executive may disclose such information (a) to the extent required
to enable Executive to comply with applicable laws and regulations or with duly issued administrative, legislative or legal process (it
being understood and agreed that Executive shall provide the Company with notice as soon as reasonably practicable of any such disclosure
obligation so that the Company may seek a protective order or other appropriate remedy) and (b) to Executive’s attorneys,
accountants and professional advisors, to the extent necessary to facilitate their representation of Executive, so long as, in each case,
such attorneys, accountants and professional advisors agree to be bound by this Section 8 (it being understood and agreed that Executive
shall remain responsible for any breach of this Agreement by any such persons). All files, records or other documents (regardless of
media) relating to the business of the Company or its Affiliates, whether prepared by Executive or otherwise, shall be the exclusive
property of the Company and shall be promptly returned by Executive to the Company at the end of the Term. In addition, Executive is
hereby advised that in accordance with the Defend Trade Secrets Act of 2016 an individual may not be held criminally or civilly liable
under any federal or state trade secret law for the disclosure of a trade secret that (i) is made in confidence to a federal, state,
or local government official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating
a suspected violation of law; or (ii) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing
is made under seal.

 

9.            Reasonableness
of Restrictions. Executive acknowledges and agrees that the covenants contained in Sections 5, 6, 7 and 8 above are reasonable
in scope and duration and are reasonably necessary to protect the legitimate business interests of the Company and its Affiliates. Executive
further acknowledges that Executive’s skills are such that Executive can be gainfully employed in noncompetitive employment and
that the restrictions and other covenants in this Section 5, 6, 7 and 8 will in no way prevent Executive from earning a living.
Executive understands that the foregoing restrictions may limit Executive’s ability to engage in certain businesses anywhere in
the Area of Interest during the Restriction Period, but acknowledges that Executive is receiving sufficient consideration and other benefits
to justify such restriction. Without limiting the rights of the Company to pursue any other legal and/or equitable remedies available
to it for any breach by Executive of the covenants contained in Sections 5, 6, 7 and 8 above, Executive acknowledges that a breach of
those covenants would cause a loss to the Company for which it could not reasonably or adequately be compensated by damages in an action
at law, that remedies other than injunctive relief could not fully compensate the Company for a breach of those covenants and that, accordingly,
the Company shall be entitled to injunctive relief to prevent any breach or continuing breaches of Executive’s covenants as set
forth in Sections 5, 6, 7 and 8 above, and may seek such relief, at its sole option, before an arbitrator or a court of law. It is the
intention of the Parties that if, in any such action before any court or arbitrator (as the case may be) empowered to enforce such covenants,
any term, restriction, covenant, or promise is found to be illegal, invalid or unenforceable under any present or future law, then such
term, restriction, covenant, or promise shall be deemed modified to the extent necessary to make it enforceable to the maximum extent
permitted by applicable law. Executive agrees that the Company may seek, at its sole option, confidential treatment of any part or all
of such proceedings, and Executive agrees that Executive will not object to such treatment.

 

10.            Indemnification:
During the Term, and for at least six (6) years following the termination of Executive’s employment hereunder (regardless
of the reason for such termination), the Company shall maintain directors and officers insurance for the benefit of Executive that is
no less favorable than the directors and officers insurance provided to any other director, officer, or executive of the Company. The
rights provided in this Section 10 are in addition to any other rights to indemnification, exculpation, or contribution Executive
may otherwise have under any agreement, contract, policy, by-law, certificate of incorporation, or otherwise.

 

    

    

    

 

 

11.            Section 409A
of the Code:

 

a.            This
Agreement is intended to comply with, or be exempt from, Section 409A of the Code (“Section 409A”)
and will be interpreted accordingly. Notwithstanding anything in this Agreement to the contrary, any references under this Agreement
to the termination of Executive’s employment hereunder, or “Termination Date” shall be deemed to refer to the date
upon which Executive has experienced a Separation from Service. It is the intent of the Parties that all compensation and benefits payable
or provided to Executive (whether under this Agreement or otherwise) shall fully comply with the requirements of Section 409A. Notwithstanding
the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A.

 

b.            Notwithstanding
any provision in this Agreement or elsewhere to the contrary, if upon a termination of employment Executive is deemed to be a “specified
employee” within the meaning of Section 409A using the identification methodology selected by the Company from time to time,
or if none, the default methodology under Section 409A, any payments or benefits due upon a termination of Executive’s employment
under any arrangement that constitutes a “deferral of compensation” within the meaning of Section 409A shall be delayed
and paid or provided (or commence, in the case of installments) on the first payroll date on or following the earlier of (i) the
date which is six (6) months and one (1) day after Executive’s termination of employment for any reason other than death,
and (ii) the date of Executive’s death, and any remaining payments and benefits shall be paid or provided in accordance with
the normal payment dates specified for such payment or benefit; provided, that, payments or benefits that qualify as short-term deferral
(within the meaning of Section 409A and Final Treasury Regulations Section 1.409A-1(b)(4)) or involuntary separation pay (within
the meaning of Section 409A and Final Treasury Regulations Section 1.409A-1(b)(9)(iii)(A)) and are otherwise permissible under
Section 409A and the Final Treasury Regulations, shall not be subject to such six (6)-month delay.

 

c.            Each
payment made under this Agreement shall be designated as a “separate payment” within the meaning of Section 409A.

 

d.            To
the extent that any payment hereunder is subject to Section 409A and may be payable in one of two calendar years, payment shall
be made in the later year.

 

e.            Any
amount of expenses eligible for reimbursement, or in-kind benefit provided, during a calendar year shall not affect the amount of expenses
eligible for reimbursement, or in-kind benefit to be provided, during any other calendar year. Any reimbursement shall be made no later
than the last day of the calendar year following the calendar year in which the expenses to be reimbursed were incurred. The right to
any reimbursement or in-kind benefit pursuant to this Agreement shall not be subject to liquidation or exchange for any other benefit.

 

f.            In
the event that either Executive or the Company’s senior management becomes aware that any provision of this Agreement violates
Section 409A, the Parties will meet and confer regarding such issues and will engage in good faith discussions regarding whether
and how the Agreement can be modified so as to minimize the likelihood of a Section 409A violation while providing Executive with
financial terms substantially commensurate to those set forth in this Agreement.

 

    

     

    

 

g.            Notwithstanding
the foregoing, the Company and the Partnership make no representations or warranties and will have no liability to Executive or any other
person if any provisions of or payments under this Agreement are determined to constitute deferred compensation subject to Section 409A
but not to satisfy the conditions of Section 409A.

 

12.            Section 280G:

 

a.            If
any of the payments or benefits received or to be received by Executive (including, without limitation, any payment or benefits received
in connection with a Change in Control or Executive’s termination of employment, whether pursuant to the terms of this Agreement
or any other plan, arrangement or agreement, or otherwise) (all such payments collectively referred to herein as the “280G
Payments”) constitute “parachute payments” within the meaning of Section 280G of the Code and would, but
for this Section 12, be subject to the excise tax imposed under Section 4999 of the Code (the “Excise Tax”),
then prior to making the 280G Payments, a calculation shall be made comparing (i) the Net Benefit (as defined below) to Executive
of the 280G Payments after payment of the Excise Tax to (ii) the Net Benefit to Executive if the 280G Payments are limited to the
extent necessary to avoid being subject to the Excise Tax. Only if the amount calculated under (i) above is less than the amount
under (ii) above will the 280G Payments be reduced to the minimum extent necessary to ensure that no portion of the 280G Payments
is subject to the Excise Tax. “Net Benefit” shall mean the present value of the 280G Payments net of all federal,
state, local, foreign income, employment, and excise taxes. Any reduction made pursuant to this Section 12 shall be made in a manner
determined by the Company that is consistent with the requirements of Section 409A.

 

b.            All
calculations and determinations under this Section 12 shall be made by an independent accounting firm or independent tax counsel
appointed by the Company (the “Tax Counsel”) whose determinations shall be conclusive and binding on the Company
and Executive for all purposes. For purposes of making the calculations and determinations required by this Section 12, the Tax
Counsel may rely on reasonable, good faith assumptions and approximations concerning the application of Section 280G and Section 4999
of the Code. The Company and Executive shall furnish the Tax Counsel with such information and documents as the Tax Counsel may reasonably
request in order to make its determinations under this Section 12. The Company shall bear all costs the Tax Counsel may reasonably
incur in connection with its services.

 

13.            Tax
Withholding: The Company may withhold from any payments or benefits referenced under this Agreement, and payable from the Company
to Executive, all federal, state, city or other taxes as shall be required pursuant to any law or governmental regulation or ruling,
and any deductions authorized by Executive.

 

    

     

    

 

14.            Entire
Agreement: This Agreement constitutes the entire agreement between Executive and the Company with respect to the subject matter
hereof and supersedes any and all prior agreements, understandings, discussions, negotiations, and/or undertakings, whether written or
oral. Executive specifically agrees that Executive is not relying on any representations, promises, understandings, discussions, negotiations,
or undertakings, whether written or oral, express or implied, other than those contained in this Agreement. Notwithstanding the foregoing,
for the avoidance of doubt, nothing in this Agreement supersedes or affects the validity of any indemnification agreement, long term
incentive plan, or equity, severance, bonus or other similar agreement between Executive and the Company, or any of its parents, subsidiaries,
Affiliates, or related companies, or any of their successors, which shall remain in effect in accordance with their terms.

 

15.            Governing
Law; Disputes:

 

a.            Governing
Law: This Agreement shall be interpreted and enforced in accordance with the laws of the State of Texas, without regard to the principles
of conflict of laws.

 

b.            Mandatory
Arbitration: Subject to the sole exception to this provision provided in Section 9, any controversy or claim between Executive
and the Company arising out of or relating to or concerning this Agreement and the transactions or relationship contemplated hereby (together,
an “Employment Matter”) will be finally settled by confidential arbitration in Harris County, Texas administered
by the American Arbitration Association and governed by the Commercial Arbitration Rules in effect at the time that the arbitration
is initiated (the “Arbitration Rules”). The arbitration will be conducted in Harris County, Texas before a
single neutral arbitrator, admitted to practice law in Texas for at least ten (10) years, who is a former judge, and appointed in
accordance with the Arbitration Rules. The arbitrator will follow Texas law in adjudicating the dispute and will have the authority to
grant any remedy or relief allowed by applicable law. The arbitrator will provide a detailed written statement of decision, which will
be part of the arbitration award and admissible in any judicial proceeding to confirm, correct or vacate the award.

 

c.            Injunction
and Enforcement of Arbitration Awards: Executive or the Company may bring an action or special proceeding in a state or federal court
of competent jurisdiction sitting in Harris County Texas to enforce any arbitration award under Section 15(b) above. The Parties
agree that the Company may seek, at its sole option, confidential treatment of any part or all of any such proceeding, and Executive
agrees that Executive will not object to such treatment.

 

d.            THE
PARTIES VOLUNTARILY AND IRREVOCABLY SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF TEXAS AND THE FEDERAL COURTS OF THE UNITED
STATES OF AMERICA IN HARRIS COUNTY, TEXAS, FOR PURPOSES OF ANY PROCEEDING TO SEEK INJUNCTION RELIEF PURSUANT TO SECTION 9 OR A PROCEEDING
TO COMPEL ARBITRATION OR TO ENFORCE AN ARBITRATION AWARD PURSUANT TO SECTION 15(c), AND EACH PARTY IRREVOCABLY AGREES THAT ALL SUCH
CLAIMS SHALL BE HEARD AND DETERMINED IN SUCH COURTS. EACH PARTY IRREVOCABLY WAIVES, TO THE EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH
IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH CLAIM BROUGHT IN SUCH COURT OR ANY DEFENSE OF INCONVENIENT FORUM FOR THE MAINTENANCE
OF SUCH CLAIM. EACH PARTY AGREES THAT A JUDGMENT IN ANY SUCH CLAIM MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT
OR IN ANY OTHER MANNER PROVIDED BY LAW.

 

    

     

    

 

e.            NOTWITHSTANDING
ANY PROVISION HEREIN TO THE CONTRARY, EACH PARTY VOLUNTARILY AND IRREVOCABLY WAIVES TRIAL BY JURY IN ANY PROCEEDING ARISING OUT OF, CONNECTED
WITH OR RELATING IN ANY WAY TO THIS AGREEMENT OR THE OBLIGATIONS OF THE PARTIES HEREUNDER.

 

16.            Cooperation:
Executive agrees that he or she shall assist and cooperate with the Company regarding any legal matters, including litigation
matters that arise or continue during the Term or following the Termination Date. Executive shall not receive additional compensation
for such assistance and cooperation; however, the Company shall reimburse Executive for all reasonable expenses incurred in fulfilling
this obligation.

 

17.            Invalid
or Unenforceable Provisions: Without limiting any similar provision in this Agreement or other contract between the Parties,
if any provision of this Agreement is determined to be unenforceable as a matter of governing law, a reviewing court or arbitrator, as
the case may be, shall have the authority to “blue pencil” or otherwise modify such provision so as to render it enforceable
while maintaining the Parties’ original intent (as reflected herein) to the maximum extent possible. This Agreement shall be severable,
and the invalidity or unenforceability of any particular provision of this Agreement shall not affect the other provisions hereof.

 

18.            Successors
and Assigns; Third Party Beneficiary:

 

a.            This
Agreement shall be binding upon and shall inure to the benefit of the Company, and its successors and assigns, and the Company shall
require any successor or assign to expressly assume and agree to perform this Agreement in the same manner and to the same extent that
the Company would be required to perform this Agreement if no such succession or assignment had taken place. The term “Company”
as used herein shall include each such entity’s successors and assigns. The term “successors and assigns” as used herein
shall include, without limitation, a corporation or other entity acquiring a majority ownership of the Company or all or substantially
all the assets and business of the Company (including this Agreement), whether by operation of law or otherwise.

 

b.            Neither
this Agreement nor any right or interest hereunder shall be assignable or transferable by Executive, or by Executive’s beneficiaries
or legal representatives, except by will or by the laws of descent and distribution. This Agreement shall inure to the benefit of and
be enforceable by Executive’s legal personal representative.

 

    

     

    

 

19.            No
Waiver: No failure on the part of any Party at any time to require the performance by any other Party of any term of this Agreement
shall be taken or held to be a waiver of such term or in any way affect such Party’s right to enforce such term, and no waiver
on the part of any Party of any term of this Agreement shall be taken or held to be a waiver of any other term hereof or the breach hereof.

 

20.            Modification
or Amendment: This Agreement may not be modified, altered, or amended, nor shall any new contract be entered into between the
Parties hereto, except in a writing signed by both Executive and the Board.

 

21.            Headings:
Headings and other captions in this Agreement are for convenience of reference only and shall not be used in interpreting, construing,
or enforcing any of the provisions of this Agreement.

 

22.            Construction:
The Parties have had ample opportunity to review, and have in fact reviewed and understand, this Agreement. Accordingly, the normal rule of
construction, to the effect that any ambiguities are to be resolved against the drafting party, shall not be employed in the interpretation
of this Agreement. For purposes of this Agreement, the connectives “and,” “or,” and “and/or” shall
be construed either disjunctively or conjunctively as necessary to bring within the scope of a sentence or clause all subject matter
that might otherwise be construed to be outside of its scope.

 

23.            Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original and both of which together shall constitute
one and the same instrument. Facsimile, PDF, and other true and accurate copies of this Agreement shall have the same force and effect
as originals hereof.

 

24.            Right
to Counsel: Each Party, including Executive, acknowledges that such Party has had the right to seek the advice of independent
legal counsel prior to the execution of this Agreement. By executing this Agreement, each Party warrants and represents to each other
Party that (i) the executing Party has consulted with an attorney of the executing Party’s choice prior to the execution of
this Agreement, to the extent such Party chose to do so, and (ii) the executing Party understands each and every term and provision
of this Agreement without explanation by any other Party. Each Party warrants and represents that such Party is under no duress or other
coercion to sign this Agreement and that such Party is signing this Agreement of such Party’s own free will.

 

25.            Survivability
of Terms: The terms and provisions of the Company’s and Executive’s obligations or agreements under this Agreement
shall survive any termination of Executive’s employment hereunder.

 

26.            Notices:
All notices and all other communications provided for in this Agreement (including the Notice of Termination) shall be provided in writing
and shall be sent via overnight delivery (with proof of delivery retained by the sending Party) to the following addresses:

 

    

     

    

 

IF TO THE COMPANY:

 

Evolve Transition Infrastructure GP
LLC

c/o Evolve Transition Infrastructure
LP

1360 Post Oak Blvd, Suite 2400

Houston, TX 77056

Attn: Jack Howell

Email: Howell@stonepeakpartners.com

 

With a copy to:

 

Sidley Austin LLP

1000 Louisiana St., Suite 5900

Houston, Texas 77002

Attention: Cliff W. Vrielink

Email: cvrielink@sidley.com

 

IF TO EXECUTIVE:

 

Jonathan Hartigan

c/o Evolve Transition Infrastructure
LP

1360 Post Oak Blvd, Suite 2400

Houston, TX 77056

 

[Signature Page Follows]

 

    

     

    

 

IN WITNESS WHEREOF,
the Parties hereto have duly executed this Agreement as of the Effective Date first written above.

 

	COMPANY	 
	 	 
	Evolve Transition Infrastructure GP
    LLC	 
	 	 
	By:	 
	 	/s/
Charles Ward	 
	 	Name:	Charles Ward	 
	 	Title:	Chief Financial Officer	 

 

	EXECUTIVE	 
	/s/ Jonathan Hartigan	 
	Jonathan Hartigan	 

 

[Signature Page to
Executive Services Agreement]

 

    

     

    

 

Schedule A

 

Permitted Outside
Activities

 

The business of, or the performance
of services with respect to, developing, constructing, owning and operating renewable fuels facilities that are not in contravention
of that certain Framework Agreement by and between HOBO Renewable Diesel LLC and Evolve Transition Instructure LP, dated November 3,
2021.

 

    

     

    

 

Schedule B

 

Change in Control
Matters

 

Clause
(B) of the Change in Control definition set forth in Section 4(b)(v) of this Agreement shall not apply with respect to
any direct or indirect sale, transfer, conveyance or other disposition, in one or a series of related
transactions of the assets that relate to the Partnership’s midstream business (“Midstream Assets”),
and such Midstream Assets, to the extent sold, transferred, conveyed or disposed, shall not be taken into consideration in determining
whether a Change in Control has occurred for purposes of Section 4(b)(v) of this Agreement.

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