Document:

Fourth Amended and Restated Registration Rights Agreement

 Exhibit 10.6 
 FOURTH AMENDED AND RESTATED 
 REGISTRATION RIGHTS AGREEMENT 
 This Fourth Amended and Restated Registration Rights Agreement (as amended, this “Agreement”) is made as of July 24, 2007,
among North American Technologies Group, Inc., a Delaware corporation (the “Company”), and the stockholders listed on Exhibit A hereto (each individually a “Stockholder” and collectively the
“Stockholders”). 
 RECITALS 
 WHEREAS, the Stockholders or their affiliates have acquired or will acquire either shares of the Company’s common stock, par value $.001 per share (the “Common Stock”), or securities
convertible into shares of the Common Stock pursuant to either (i) that certain Common Stock Purchase Agreement dated as of November 8, 2004, by and among Avalanche Resources, Ltd. and the Purchasers named therein (the “Stock
Purchase Agreement”); (ii) that certain Exchange Agreement dated as of November 8, 2004, by and between the Company and Sponsor Investments, LLC (the “Exchange Agreement”); (iii) that
certain Securities Purchase Agreement dated July 7, 2005, among the Company and certain Purchasers (as defined therein) (the “July 2005 Securities Purchase Agreement”); (iv) that certain Securities Purchase
Agreement dated December 28, 2005, among the Company and certain Purchasers (as defined therein) (the “December Securities Purchase Agreement”) (v) those certain Loan Documents as such term is defined in that
certain Construction Loan Agreement dated as of February 5, 2004, as amended from time to time, among the Company, Tietek LLC, Tietek Technologies, Inc. and Opus 5949 LLC (the “Opus Loan Agreement”); (vi) that
certain Securities Purchase Agreement of even date herewith among the Company and certain Purchasers (as defined therein) (the “2006 Securities Purchase Agreement”); (vii) that certain Securities Purchase Agreement dated
July 24, 2007 (the “July 2007 Securities Purchase Agreement”); and (viii) as the same may be amended from time to time; and 
 WHEREAS, in order to induce the Stockholders or their affiliates to enter into the Stock Purchase Agreement, the Exchange Agreement, the July 2005 Securities Purchase Agreement, the December Securities Purchase
Agreement, the 2006 Securities Purchase Agreement, the July 2007 Securities Purchase Agreement or the Opus Loan Agreement, as the case may be, the Company has agreed to provide the Stockholders with certain rights to register Shares of the
Company’s Common Stock, as provided herein. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the promises and the mutual agreements herein contained, the Stockholders and the Company hereby agree as follows:

 1. Demand Registrations. 
 Requests for Registration. The Initiating Holders may request registration under the Securities Act of all or any portion of their Registrable Securities on Form S-1 or any similar long-form registration
(“Long-Form Registrations”), and any Holders may 

  

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request registration under the Securities Act of all or any portion of their Registrable Securities on Form S-2 or S-3 or any similar short-form registration
(“Short-Form Registrations”) if the Company is eligible to use any such short-form. All registrations requested pursuant to this Section 1(a) are referred to herein as “Demand Registrations.” The
Initiating Holders and any Holders may request a Demand Registration no earlier than one (1) year from the date of this Fourth Amended and Restated Agreement. Each request for a Demand Registration shall specify the approximate number of
Registrable Securities requested to be registered and the anticipated per share price range for such offering. Within ten days after receipt of any such request, the Company shall give written notice of such requested registration to all other
holders of Registrable Securities and, subject to Section 1(d) below, shall include in such registration all Registrable Securities with respect to which the Company has received written requests for inclusion therein within 15 days after the
receipt of the Company’s notice. On or prior to each filing date, the Company shall prepare and file with the Commission a Registration Statement covering the resale of all or such maximum portion of the Registrable Securities as permitted by
SEC Guidance (provided that the Company shall use diligent efforts to advocate with the Commission for the registration of all of the Registrable Securities in accordance with the SEC Guidance, including without limitation, the Manual of Publicly
Available Telephone Interpretations D.29) that are not then registered on an effective Registration Statement for an offering to be made on a continuous basis pursuant to Rule 415. “SEC Guidance” means (i) any
publicly-available written or oral guidance, comments, requirements or requests of the Commission staff and (ii) the Securities Act. 
 (a) Long-Form Registrations. The Initiating Holders shall be entitled to request six (6) Long-Form Registrations in which the Company shall pay all Registration Expenses (the “Company-Paid Long-Form
Registrations”); provided, however, that each of the Group A and the Group B shall be limited to three (3) such requests which do not include a member of the other as one of the Initiating Holders. Any sales by the
Initiating Holders pursuant to a registration statement that has been filed with the Commission but that has not been declared effective as of the date hereof shall count as one of the permitted Long-Form Registrations. A registration shall not
count as one of the permitted Long-Form Registrations until it has become effective and the holders of Registrable Securities initially requesting the Long-Form Registration are able to register and sell at least 90% of the Registrable Securities
requested to be included in such registration by such holders; provided that in any event the Company shall pay all Registration Expenses in connection with any registration initiated as a Long-Form Registration whether or not it has become
effective and whether or not the holders of Registrable Securities have been able to register and sell at least 90% of the Registrable Securities to be included in such registration by such holders. All Long-Form Registrations shall be underwritten
registrations. 
 (b) Short-Form Registrations. In addition to the Long-Form Registrations provided pursuant to Section 1(b), the
Holders shall be entitled to request unlimited Short-Form Registrations in which the Company shall pay all Registration Expenses provided, however, that Shares representing at least 15% of the Company’s issued and outstanding Common Stock will
be included in such registration. Demand Registrations shall be Short-Form Registrations 

  

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whenever the Company is eligible to use any applicable short form. The Company shall use its best efforts to qualify and/or maintain qualification for
registration on Form S-3 or any comparable or successor form. 
 2. Priority on Demand Registrations. The Company shall not include in
any Demand Registration any securities which are not Registrable Securities without the prior written consent of the Holders owning more than 50% of the Registrable Securities being requested to be registered. If a Demand Registration is an
underwritten offering and the managing underwriters advise the Company in writing that in their opinion the number of Registrable Securities and, if permitted hereunder other securities requested to be included in such offering, exceeds the number
of Registrable Securities and other securities, if any, which can be sold in an orderly manner in such offering within a price range acceptable to the Holders owning more than 50% of the Registrable Securities being requested to be registered, then
the Company shall include in such registration before the inclusion of any securities which are not Registrable Securities (other than securities requested to be included in such registration pursuant to contractual obligations with the Company) the
number of Registrable Securities requested to be included which in the opinion of such underwriters can be sold in an orderly manner within the price range of such offering, pro rata among the respective holders thereof on the basis of the amount of
Registrable Securities owned by each such holder. Any Persons other than holders of Registrable Securities who participate in Demand Registrations which are not at the Company’s expense must pay their share of the Registration Expenses as
provided in Section 4 hereof. Notwithstanding any other provision of this Agreement if any SEC Guidance sets forth a limitation on the number of Registrable Securities permitted to be registered on a particular Registration Statement (and
notwithstanding that the Company used diligent efforts to advocate with the Commission for the registration of all or a greater portion of Registrable Securities), unless otherwise directed in writing by a Holder as to its Registrable Securities,
the number of Registrable Securities to be registered on such Registration Statement will first be reduced by Registrable Securities represented by Warrant Shares (applied, in the case that some Warrant Shares may be registered, to the Holders on a
pro rata basis based on the total number of unregistered Warrant Shares held by such Holders), and second by Registrable Securities represented by Conversion Shares (applied, in the case that some Conversion Shares may be registered, to the Holders
on a pro rata basis based on the total number of unregistered Conversion Shares held by such Holders). 
 (a) Selection of
Underwriters. The selection of investment banker(s) and manager(s) for any Demand Registration must be approved by the Holders owning more than 50% of the Registrable Securities being requested to be registered. 
 (b) Other Registration Rights. Except as provided in this Agreement, the Company shall not grant to any Persons the right to request the Company
to register any equity securities of the Company, or any securities convertible or exchangeable into or exercisable for 

  

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such securities, without the prior written consent of Holders owning more than 50% of the Registrable Securities; provided that the Company may grant
rights to other Persons to participate in Piggyback Registrations so long as such rights are subordinate to the rights of the holders of Registrable Securities with respect to such Piggyback Registrations. 
 3. Piggyback Registrations. 
 (a)
Right to Piggyback. Whenever the Company proposes to register any of its securities under the Securities Act (other than pursuant to a Demand Registration or any registration on Form S-4 or Form S-8) and the registration form to be used may
be used for the registration of Registrable Securities (a “Piggyback Registration”), the Company shall give prompt written notice to all Holders of Registrable Securities of its intention to effect such a registration and,
subject to Sections 2(c) and 2(d) below, shall include in such registration all Registrable Securities with respect to which the Company has received written requests for inclusion therein within 20 days after the receipt of the Company’s
notice. 
 (b) Piggyback Expenses. The Registration Expenses of the holders of Registrable Securities shall be paid by the Company in
all Piggyback Registrations. 
 (c) Priority on Primary Registrations. If a Piggyback Registration is an underwritten primary
registration on behalf of the Company, and the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number which can be sold in such offering
without adversely affecting the marketability of the offering, the Company shall include in such registration (i) first, the securities the Company proposes to sell, (ii) second, the Registrable Securities requested to be included in such
registration and other securities requested in such registration pursuant to contractual obligations with the Company, pro rata among the holders of such Registrable Securities and other securities on the basis of the number of shares owned by each
such holder, and (iii) third, other securities requested to be included in such registration. 
 4. Priority on Secondary
Registrations. 
 (a) If a Piggyback Registration is an underwritten secondary registration on behalf of holders of the Company’s
securities, and the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number which can be sold in such offering without adversely affecting
the marketability of the offering, the Company shall include in such registration (i) first, the securities requested to be included therein by the holders requesting such registration, the Registrable Securities requested to be included in
such registration and other securities requested to be included in such registration pursuant to contractual obligations with the Company, pro rata among the holders of such securities on the basis of the number of securities owned by each such
holder and (ii) other securities requested to be included in such registration. Notwithstanding any other provision of this Agreement if any SEC Guidance sets forth a limitation on the number of Registrable Securities permitted to be registered
on a particular Registration Statement (and notwithstanding that the Company used diligent efforts to advocate with the Commission for the registration of all or a greater portion of Registrable Securities), unless otherwise directed in 

  

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writing by a Holder as to its Registrable Securities, the number of Registrable Securities to be registered on such Registration Statement will first be
reduced by Registrable Securities represented by Warrant Shares (applied, in the case that some Warrant Shares may be registered, to the Holders on a pro rata basis based on the total number of unregistered Warrant Shares held by such Holders), and
second by Registrable Securities represented by Conversion Shares (applied, in the case that some Conversion Shares may be registered, to the Holders on a pro rata basis based on the total number of unregistered Conversion Shares held by such
Holders). 
 (b) Other Registrations. If the Company has previously filed a registration statement with respect to Registrable
Securities pursuant to Section 1 or Registrable Securities pursuant to this Section 2, and if such previous registration has not been withdrawn or abandoned, the Company shall not file or cause to be effected any other registration of any
of its equity securities or securities convertible or exchangeable into or exercisable for its equity securities under the Securities Act (except on Form S-8 or any successor form), whether on its own behalf or at the request of any holder or
holders of such securities, until a period of at least 90 days has elapsed from the effective date of such previous registration. 
 5.
Registration Procedures. Whenever the holders of Registrable Securities have requested that any Registrable Securities be registered pursuant to this Agreement, the Company shall use its best efforts to effect the registration and the sale of
such Registrable Securities in accordance with the terms of this Agreement and the intended method of disposition thereof, and pursuant thereto the Company shall as expeditiously as possible: 
 (a) prepare and file with the Securities and Exchange Commission a registration statement with respect to such Registrable Securities and use its best
efforts to cause such registration statement to become effective; provided that before filing a registration statement or prospectus or any amendments or supplements thereto, the Company shall, if requested, furnish to the counsel selected by
the Initiating Holders in the event of a Company-Paid Long-Form Registration or by Holders owning more than 50% of the Registrable Securities prepared to be registered under any other registration hereunder, copies of all such documents proposed to
be filed (excluding exhibits); 
 (b) notify each holder of Registrable Securities of the effectiveness of each registration statement filed
hereunder and prepare and file with the Securities and Exchange Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement
effective for a period of not less than 180 days and comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement during such period in accordance with the intended methods
of disposition by the sellers thereof set forth in such registration statement; 
 (c) furnish to each seller of Registrable Securities such
number of copies of such registration statement, each amendment and supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus), and such other documents as such seller may reasonably request in
order to facilitate the disposition of the Registrable Securities owned by such seller; 
  

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 (d) use its best efforts to register or qualify such Registrable Securities under such other securities
or blue sky laws of such jurisdictions as any seller reasonably requests and do any and all other acts and things which may be reasonably necessary or advisable to enable such seller to consummate the disposition in such jurisdictions of the
Registrable Securities owned by such seller; provided that the Company shall not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this subparagraph,
(ii) subject itself to taxation in any such jurisdiction, or (iii) consent to general service of process in any such jurisdiction; 
 (e) notify each seller of such Registrable Securities, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of the happening of any event as a result of which the prospectus included in such
registration statement contains an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading, and, at the request of the holders of a majority of the sellers of such Registrable Securities, the
Company shall prepare a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus shall not contain an untrue statement of a material fact or omit to state any fact
necessary to make the statements therein not misleading; 
 (f) cause all such Registrable Securities to be listed on each securities
exchange on which similar securities issued by the Company are then listed and, if not so listed, to be listed on the NASD automated quotation system and, if listed on the NASD automated quotation system, use its best efforts to secure designation
of all such Registrable Securities covered by such registration statement as a NASDAQ “national market system security” within the meaning of Rule 11Aa2-1 of the Securities and Exchange Commission or, failing that, to secure NASDAQ
authorization for such Registrable Securities; 
 (g) provide a transfer agent and registrar for all such Registrable Securities not later
than the effective date of such registration statement; 
 (h) enter into such customary agreements (including underwriting agreements in
customary form) as the holders of a majority of the Registrable Securities being sold and the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities; 
 (i) make available for inspection by any seller of Registrable Securities, any underwriter participating in any disposition pursuant to such registration
statement and any attorney, accountant, or other agent retained by any such seller or underwriter, all information reasonably requested by any such seller, underwriter, attorney, accountant, or agent, so as to permit such Persons to comply with
their respective due diligence obligations under the Securities Act; 
 (j) otherwise use its best efforts to comply with all applicable
rules and regulations of the Securities and Exchange Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months beginning with the first day of the
Company’s first full calendar quarter after the effective date of the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; and 
  

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 (k) in the event of the issuance of any stop order suspending the effectiveness of a registration
statement, or of any order suspending or preventing the use of any related prospectus or suspending the qualification of any common stock included in such registration statement for sale in any jurisdiction, the Company shall use its best efforts
promptly to obtain the withdrawal of such order. 
 6. Registration Expenses. 
 (a) All expenses incident to the Company’s performance of or compliance with this Agreement, including, without limitation, all registration and
filing fees, fees and expenses of compliance with securities or blue sky laws, printing expenses, messenger and delivery expenses, fees and disbursements of custodians, and fees and disbursements of counsel for the Company and all independent
certified public accountants, underwriters (excluding discounts and commissions), and other Persons retained by the Company (all such expenses being herein called “Registration Expenses”), shall be borne as provided in this
Agreement, except that the Company shall, in any event, pay its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit or
quarterly review, the expense of any liability insurance, and the expenses and fees for listing the securities to be registered on each securities exchange on which similar securities issued by the Company are then listed or on the NASD automated
quotation system. Notwithstanding the foregoing, the holders of Registrable Securities (and not the Company) shall pay all underwriting discounts and commissions with respect to the Registrable Securities. 
 (b) In connection with each Company-Paid Long-Form Registration, each Short-Form Registration, and each Piggyback Registration, the Company shall
reimburse the holders of Registrable Securities included in such registration for the reasonable fees and disbursements of one counsel chosen by the Initiating Holders in the event of a Company-Paid Long Form Registration and the Required Holders in
the event of any other registration hereunder. 
 (c) To the extent Registration Expenses are not required to be paid by the Company and
unless otherwise approved by the Company’s board of directors, each holder of securities included in any registration hereunder shall pay those Registration Expenses allocable to the registration of such holder’s securities so included or
otherwise incurred by such holder, and any Registration Expenses not so allocable shall be borne by all sellers of securities included in such registration in proportion to the aggregate selling price of the securities to be so registered.

 7. Termination of Previous Registration Rights. The Stockholders acknowledge and agree that this Agreement terminates all
previously existing rights of the Stockholders to register shares of the Company’s common stock. 
  

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 8. Indemnification. 
 (a) The Company agrees to indemnify, to the extent permitted by law, each holder of Registrable Securities, its officers and directors, and each Person who controls such holder (within the meaning of the Securities
Act) against all losses, claims, damages, liabilities, and expenses caused by any untrue or alleged untrue statement of material fact contained in any registration statement, prospectus, or preliminary prospectus or any amendment thereof or
supplement thereto or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, except insofar as the same are caused by or contained in any information furnished in
writing to the Company by such holder expressly for use therein or by such holder’s failure to deliver a copy of the registration statement or prospectus or any amendments or supplements thereto after the Company has furnished such holder with
a sufficient number of copies of the same. In connection with an underwritten offering, the Company shall indemnify such underwriters, their officers and directors, and each Person who controls such underwriters (within the meaning of the Securities
Act) to the same extent as provided above with respect to the indemnification of the holders of Registrable Securities, except with respect to any information supplied by any underwriter for use in such registration statement, prospectus, or other
offering document and except that with respect to any untrue statement or omission or alleged untrue statement or omission made in any preliminary prospectus, the indemnity agreement contained in this Section shall not inure to the benefit of the
underwriter from whom the Person asserting any such losses, claims, damages, liabilities, or expenses purchased shares concerned (or to the benefit of any person controlling such underwriter) to the extent that any such loss, claim, damage,
liability, or expense of the underwriter or controlling person results from an untrue statement or omission in the preliminary prospectus which was corrected in the prospectus if a copy of the prospectus was not sent or given to such Person as
required by the Securities Act. 
 (b) In connection with any registration statement in which a holder of Registrable Securities is
participating, each such holder shall furnish to the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such registration statement or prospectus and, to the extent permitted by law,
shall indemnify the Company, its directors and officers and each Person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities, and expenses resulting from any untrue or alleged untrue
statement of material fact contained in the registration statement, prospectus, or preliminary prospectus or any amendment thereof or supplement thereto or any omission or alleged omission of a material fact required to be stated therein or
necessary to make the statements therein not misleading, but only to the extent that such untrue statement or omission is contained in any information or affidavit so furnished in writing by such holder; provided that the obligation to
indemnify shall be individual, not joint and several, for each holder and shall be limited to the net amount of proceeds received by such holder from the sale of Registrable Securities pursuant to such registration statement. 
 (c) Any Person entitled to indemnification hereunder shall (i) give prompt written notice to the indemnifying party of any claim with respect to
which it seeks indemnification (provided that the failure to give prompt notice shall not impair any Person’s right to indemnification hereunder, except to the extent such failure has prejudiced the indemnifying party) and
(ii) unless in such indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit 

  

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such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the
indemnifying party shall not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent shall not be unreasonably withheld). An indemnifying party who is not entitled to, or elects not to,
assume the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party
a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. 
 (d)
The indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or on behalf of the indemnified party or any officer, director, or controlling Person of such indemnified party and
shall survive the transfer of securities. The indemnifying parties also agree to make such provisions as are reasonably requested by any indemnified party for contribution to such party in the event the indemnification provided hereunder is called
for under the terms hereof but is unavailable for any reason. 
 9. Participation in Underwritten Registrations. No Person may
participate in any registration hereunder which is underwritten unless such Person (i) agrees to sell such Person’s securities on the basis provided in any underwriting arrangements approved by the Person or Persons entitled hereunder to
approve such arrangements, (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements, and other documents required under the terms of such underwriting arrangements; provided that no holder of
Registrable Securities included in any underwritten registration shall be required to make any representations or warranties to the Company (other than representations and warranties regarding such holder and such holder’s intended method of
distribution) or to undertake any indemnification obligations to the Company with respect thereto, except as otherwise provided in Section 6 hereof, and (iii) upon the request of the Company, agrees to enter into agreements to not sell any
of its equity securities for a specified period prior to or following the effective date of the Company’s filing and effectiveness of any registration statement. 
 10. Holdback Agreement. No Holder shall effect any public sale, public distribution (including sales pursuant to Rule 144 under the Securities Act), or public offering of any Holder’s shares or of any
other capital stock or equity securities of the Company, or any securities convertible into or exchangeable or exercisable for such stock or securities, during the seven days before and the 180-day period or other period designated by the
underwriter after the beginning on the effective date of an underwritten public offering (except as part of any such registration), unless the underwriters managing such registration agree otherwise in writing. 
 11. Definitions. 
 “Board” means the board of directors of the Company. 
 “Commission” means the
Securities and Exchange Commission or any other federal agency at the time administering the Securities Act. 
  

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 “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any
similar successor federal statute, and the rules and regulations thereunder, all as the same shall be in effect from time to time. 
 “Group A” means Crestview Capital Master, LLC., Big Bend XI Investments, Ltd., HLT FFT, LLC, Midsummer Investment Ltd., Islandia, L.P., Rooster LP, Toibb Investment, LLC, Michael Toibb, Scott M. and Cheryl Hergott
Living Trust, Richard Kiphart, Enable Growth Partners, LP, Enable Opportunity Partners, LP, Pierce Diversified Strategy Master Fund LLC, Ena, and their successor and assigns. 
 “Group B” means Sponsor Investments, LLC, Herakles Investments, Inc., Astraea Investment Management, L.P., Opus 5949 LLC and Paul
Pottinger, Christopher Bancroft, Michael Jordan, John M. Pigott, Goh Yong Siang, Pat Long, David Kellogg, Charles Jarvie and David Pasahow, as individuals, and their successors and assigns. 
 “Holder” means (i) any Stockholder holding Registrable Securities and (ii) any person holding Registrable Securities to
whom the rights under this Agreement have been transferred. 
 “Initiating Holders” means any Holder or Holders who
in the aggregate hold not less than twenty percent (20%) of the Registrable Securities then outstanding and who propose to register securities representing not less than ten percent (10%) of the Registrable Securities then outstanding.

 The terms “register”, “registered” and “registration” refer to a
registration effected by preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering of the effectiveness of such registration statement. 
 “Registrable Securities” shall mean (i) the Common Stock issued to any person who is a party hereto, (ii) any Common
Stock issued or issuable with respect to the Common Stock referred to in clause (i) above by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation, or other reorganization,
and (iii) any other shares of Common Stock held by Persons holding securities described in clauses (i) or (ii) above. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when they have
been distributed to the public pursuant to an offering registered under the Securities Act or sold to the public through a broker, dealer, or market maker in compliance with Rule 144 under the Securities Act (or any similar rule then in force) or
repurchased by the Company or any subsidiary. For purposes of this Agreement, a Person shall be deemed to be the holder of Registrable Securities, and the Registrable Securities shall be deemed to be in existence, whenever such Person has the right
to acquire such Registrable Securities (upon conversion or exercise or otherwise, but disregarding any restrictions or limitations upon exercise of such right), whether or not the acquisition has actually been effected, and such Person shall be
entitled to exercise the rights of a holder of Registrable Securities hereunder. 
 “Required Holders” means Holders
owning a majority of Registrable Securities which are requested to be registered stock hereunder. 
  

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 “Rule 144” means Rule 144 as promulgated by the Commission under the Securities
Act, as such Rule may be amended from time to time, or any similar successor rule that may be promulgated by the Commission. 
 “Rule 145” means Rule 145 as promulgated by the Commission under the Securities Act, as such Rule may be amended from time to time, or any similar successor rule that may be promulgated by the Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder or any
similar federal statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time. 
 “Shares” means the Company’s Common Stock or any securities exercisable and/or convertible into the Company’s Common Stock. 
 12. Miscellaneous. 
 (a) No Inconsistent Agreements. Except in compliance with
Section 8(c) hereof, the Company shall not hereafter enter into any agreement with respect to its securities which is inconsistent with or violates the rights granted to the holders of Registrable Securities in this Agreement. 
 (b) Remedies. Any Person having rights under any provision of this Agreement shall be entitled to enforce such rights specifically to recover
damages caused by reason of any breach of any provision of this Agreement and to exercise all other rights granted by law. The parties hereto agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of
this Agreement and that any party may in its sole discretion apply to any court of law or equity of competent jurisdiction (without posting any bond or other security) for specific performance and for other injunctive relief in order to enforce or
prevent violation of the provisions of this Agreement. 
 (c) Amendments and Waivers. Except as otherwise provided herein, the
provisions of this Agreement may be amended or waived only upon the prior written consent of each of the Company, the Initiating Holders, and the holders of a majority of the Registrable Securities. It is acknowledged that the Holders executing this
Fourth Amended and Restated Registration Rights Agreement are amending each of the July 2005 Amended and Restated Registration Rights Agreement, the December 2005 Second Amended and Restated Registration Rights Agreement and the September 2006 Third
Amended and Restated Registration Rights Agreement pursuant to the provisions thereof. 
 (d) Successors and Assigns. All covenants
and agreements in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not. In addition, whether or not any express
assignment has been made, the provisions of this Agreement which are for the benefit of purchasers or holders of Registrable Securities are also for the benefit of, and enforceable by, any subsequent holder of such Registrable Securities.

  

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 (e) Severability. Whenever possible, each provision of this Agreement shall be interpreted in such
manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity,
without invalidating the remainder of this Agreement. 
 (f) Counterparts. This Agreement may be executed simultaneously in two or
more counterparts (including by means of telecopied signature pages), any one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same Agreement. 
 (g) Descriptive Headings. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this
Agreement. 
 (h) Governing Law. The corporate law of the State of Delaware shall govern all issues and questions concerning the
relative rights and obligations of the Company and its stockholders. All other issues and questions concerning the construction, validity, interpretation and enforcement of this Agreement and the schedules hereto shall be governed by, and construed
in accordance with, the laws of the State of New York, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of New York. 
 (i) Notices. All notices and other communications required or permitted hereunder
shall be in writing and shall be mailed by registered or certified mail, postage prepaid, return receipt requested, or otherwise delivered by hand or by messenger, addressed (a) if to a Stockholder, at such Stockholder’s address set forth
on Exhibit A, or at such other address as such Stockholder shall have furnished to the Company in writing, or (b) if to the Company, at its address set forth on the signature page of this Agreement addressed to the attention of the
Corporate Secretary, or at such other address as the Company shall have furnished to the Stockholders. Unless specifically stated otherwise, if notice is provided by mail, it shall be deemed to be delivered upon proper deposit in a mailbox, and if
notice is delivered by hand or by messenger, it shall be deemed to be delivered upon actual delivery. 
  

 12 

 IN WITNESS WHEREOF, the parties have executed this Third Amended and Restated Registration Rights
Agreement as of the date first written above. 
  

							
	NORTH AMERICAN TECHNOLOGIES GROUP, INC.	  	CRESTVIEW CAPITAL MASTER, LLC
				
	By:	 	 /s/ Mahesh Shetty
	  	By:	 	 Crestview Capital Master, LLC
 Crestview Capital Partners
LLC
 Its Sole Manager
  
 /s/ Robert Hoyt
  

		 	Mahesh Shetty	  		 	Manager
	Its:	 	Chief Financial Officer	  		 	
		
	MIDSUMMER INVESTMENT, LTD	  	SPONSOR INVESTMENTS, LLC
		 		  	By: Herakles Investments, Inc., Managing Member
				
	By:	 	 /s/ Scott Kaufman
	  	By:	 	 /s/ D. K. Ash

				
	Its:	 	 Managing Director
Midsummer Capital LLC
Acting as investment Manager of
Midsummer Investment, LTD
	  	Its:	 	  

		
	OPUS 5949 LLC	  	TOIBB INVESTMENT LLC
	By:	 	Sammons VPC, Inc., Managing Member	  	By:	 	Toibb Management LLC, Manager
				
	By:	 	 /s/ Heather Kreager
	  	By:	 	  

		 		  		 	Harris Toibb
	Its:	 	 Vice President
	  	Its:	 	Manager
		
	MICHAEL TOIBB	  	 SCOTT M. AND CHERYL L. HERGOTT
 LIVING TRUST

				
	By:	 	  
	  	By:	 	  

				
		 		  	Its:	 	  

							
	ASTRAEA INVESTMENT MANAGEMENT, L.P.	  	BIG BEND XI INVESTMENTS, LTD.
				
	By:	 	  
	  	By:	 	  

				
	Its:	 	  
	  	Its:	 	  

		
	HLT FFT, LLC	  	HERAKLES INVESTMENTS, INC.
				
	By:	 	  
	  	By:	 	  

				
	Its:	 	  
	  	Its:	 	  

		
	ISLANDIA, LP	  	RICHARD KIPHART
				
	By:	 	 /s/ Edgar R. Berner
  
	  	By:	 	  

				
	Its:	 	 V.P. of John Lang, Inc., G.P.
  
	  	Its:	 	  

		
	ROOSTER LP	  	ENABLE GROWTH PARTNERS, LP
				
	By:	 	 /s/ Anthony R. Berner
  
	  	By:	 	 /s/ Adam Epstein
  

				
	Its:	 	 President of Duck Jibe II, General Partner
  
	  	Its:	 	 Principal
  

		
	ENABLE OPPORTUNITY PARTNERS, LP	  	PIERCE DIVERSIFIED STRATEGY MASTER FUND, LLC, ENA
				
	By:	 	 /s/ Adam Epstein
  
	  	By:	 	 /s/ Adam Epstein
  

				
	Its:	 	 Principal
  
	  	Its:	 	 Principal
  

							
	CHRISTOPHER BANCROFT, Individually	  	CHARLES JARVIE, Individually
				
	By:	 	  
	  	By:	 	  

		
	MICHAEL JORDAN, Individually	  	DAVID KELLOGG, Individually
				
	By:	 	  
	  	By:	 	  

		
	PAT LONG, Individually	  	DAVID PASAHOW, Individually
				
	By:	 	  
	  	By:	 	  

		
	JOHN M. PIGOTT, Individually	  	PAUL POTTINGER, Individually
				
	By:	 	  
	  	By:	 	  

			
	GOH YONG SIANG, Individually	  		 	
				
	By:	 	  
	  		 	

 EXHIBIT A 
 SCHEDULE OF STOCKHOLDERS 
 CRESTVIEW CAPITAL MASTER, LLC 
 95 Revere Drive, Suite A 
 Northbrook, Illinois 60062 
 Attn: Richard Levy 
 TEL: (847) 418-8303 
 FAX: (847) 559-5807 
 For all notices to
Crestview Capital Master, LLC, provide a copy to: 
 FELDMAN WEINSTEIN, LLP 
 The Graybar Building 
 420 Lexington Ave

 New York, New York 10170-0002 
 Attn: Joseph Smith 
 TEL: (212) 931-8719 
 FAX: (212) 997-4242 
 SPONSOR INVESTMENTS, LLC 
 Two Lincoln Centre 
 5420 LBJ Freeway, Suite 1450 
 Dallas, Texas 75240 
 Attn: Bruce Leadbetter 
 TEL: (972) 490-2360 
 FAX: (972) 490-2345 

For all notices to Sponsor Investments, LLC, provide a copy to: 
 LATHAM & WATKINS LLP 
 233 South Wacker Drive 
 Sears Tower, Suite 5800 
 Chicago, Illinois
60606 
 Attn: Richard S. Meller 
 TEL: (312) 876-7700 
 FAX: (312) 993-9767 
 SAMMONS CORPORATION 
 5949 Sherry Lane,
Suite 1900 
 Dallas, Texas 75225 
 Attn: Legal Department 
 TEL: (214) 210-5058 
 FAX: (214) 210-508 
  

 A-i 

 BIG BEND XI INVESTMENTS, LTD. 
 Attn: Steven D. Leeke 
 TEL: 214-443-1945 
 FAX: 214-443-1980 
 For all notices to Big Bend XI Investments, Ltd., provide a copy to: 

TEL: 
 FAX:  
 HLT FFT, LLC 
 TEL: 
 FAX: 
 For all notices to HLT FFT, LLC, provide a
copy to: 
 TEL: 
 FAX: 
 ISLANDIA, LP 
 TEL:

 FAX: 
 For all notices to
Islandia, LP, provide a copy to: 
 TEL: 
 FAX: 
  

 A-ii 

 MIDSUMMER INVESTMENT, LTD. 
 485 Madison Avenue, 23rd floor 
 New York, New York 10022 
 Attn: Michel A. Amsalem 
 TEL: (212) 584-2140 
 FAX: (212) 584-2142 
 For all notices to Midsummer Investments Ltd., provide a copy to: 
 TEL: 
 FAX: 
 OPUS 5949 LLC 
 TEL: 
 FAX: 
 For all notices to Opus 5949 LLC, provide a
copy to: 
 TEL: 
 FAX:  
 TOIBB INVESTMENT LLC 
 Attn:
Howard Smuckler 
 TEL: (818) 883-3098  
 FAX: (818) 883-0858 
 For all notices to Toibb Investement LLC, provide a copy to: 
 TEL: 
 FAX: 
  

 A-iii 

 MICHAEL TOIBB 
 Attn:
Howard Smuckler 
 TEL: (818) 883-3098  
 FAX: (818) 883-0858 
 For all notices to Michael Toibb, provide a copy to: 
 TEL: 
 FAX: 
 SCOTT M. AND CHERYL L. HERGOTT LIVING TRUST 
 Attn: Howard Smuckler

 TEL: (818) 883-3098  
 FAX:
(818) 883-0858 
 For all notices to Scott M. and Cheryl L. Hergott Living Trust, provide a copy to: 
 TEL: 
 FAX: 
 RICHARD KIPHART 
 TEL: 
 FAX: 
 For all notices to Richard Kiphart, provide a
copy to: 
 TEL: 
 FAX: 
  

 A-iv 

 ROOSTER LP 
 TEL:

 FAX: 
 For all notices to Rooster
LP, provide a copy to: 
 TEL: 
 FAX: 
 ENABLE GROWTH PARTNERS, LP 
 TEL: 
 FAX: 
 For all
notices to Enable Growth Partners, LP, provide a copy to: 
 TEL: 
 FAX: 
 ENABLE OPPORTUNITY PARTNERS, LP

 TEL: 
 FAX: 
 For all notices to Enable Opportunity Partners, LP, provide a copy to: 
 TEL: 
 FAX: 
  

 A-vFourth Amendment to Construction Loan Agreement

 Exhibit 10.7 
 FOURTH AMENDMENT 
 TO CONSTRUCTION LOAN AGREEMENT 
 This FOURTH AMENDMENT TO CONSTRUCTION LOAN AGREEMENT (this “Agreement”), dated as of July 26, 2007, is entered into by and among
the following parties: 
 (a) TIETEK LLC, a Delaware limited liability company (the “Borrower”); 

(b) NORTH AMERICAN TECHNOLOGIES GROUP, INC., a Delaware corporation (the “Company”), and TIETEK TECHNOLOGIES, INC., a
Texas corporation (“TTT”) (the Company and TTT shall be collectively referred to as the “Borrower Affiliates” and the Borrower Affiliates and the Borrower shall be collectively referred to as the “Borrower
Group”); and 
 (c) OPUS 5949 LLC (formerly known as Tie Investors, LLC), a Texas limited liability company (the
“Lender” and, together with the Borrower Group, the “Parties”). 
 RECITALS 
 A. The Borrower, the Borrower Affiliates, and the Lender entered into that certain Construction Loan Agreement, dated as of February 5, 2004, as
amended by (1) that certain Release, dated February 22, 2005, by and among the Parties, (2) that certain Limited Waiver and First Amendment to Construction Loan Agreement dated July 7, 2005, (3) that certain Second Amendment
to Construction Loan Agreement dated December 29, 2005, and (4) that certain Third Amendment to Construction Loan Agreement dated September 18, 2006 (as so amended, the “Loan Agreement”), pursuant to which the Lender
agreed to make available to the Borrower Group certain financial accommodations and modifications to the Loan Documents. 
 B. The Borrower
and the Borrower Affiliates have requested that, subject to the terms, conditions, covenants and limitations contained in this Agreement, the Lender amend certain terms and conditions of the Loan Agreement and the Note to permit the Borrower to
obtain additional financing that will be subordinate to the Loan (as defined in the Loan Agreement, as amended hereby) on the terms set forth below. 
 C. The Lender has agreed to the actions described in Paragraph B preceding, in each instance upon and subject to the terms, conditions, covenants and limitations contained in this Agreement. 
 ACKNOWLEDGMENTS: 
 (a) The Borrower
and the Borrower Affiliates hereby acknowledge and agree to the accuracy of all Recitals included in this Agreement. 
 (b) The Borrower and
the Borrower Affiliates acknowledge and agree that all amounts advanced to, or for the benefit of, the Borrower, including, but not limited to, the Loan prior to the date hereof are, and shall continue to be, obligations under the Loan Documents
(the “Obligations”) and subject to all the terms and conditions in the Loan Agreement and the other Loan Documents, in each instance as amended and modified by this Agreement. 
  

 Page 1 

 (c) The Borrower and the Borrower Affiliates acknowledge and agree that (i) as of July 25,
2007, the outstanding principal and accrued but unpaid amount of the Obligations is $14,070,777.78, of which $14,000,000.00 is the amount of outstanding principal of the Prior Note, $70,777.78 is the amount of accrued but unpaid interest thereon;
and (ii) the Obligations are enforceable against the Borrower without offset, reduction, or counterclaim. 
 AGREEMENTS

 NOW, THEREFORE, in consideration of the premises herein contained and other good and valuable consideration, the sufficiency of which
is hereby acknowledged, the Parties hereto, intending to be legally bound, agree to the above Recitals, Acknowledgments and as follows: 
 1.
DEFINITIONS. All capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Loan Agreement. 
 2. AMENDMENTS TO LOAN DOCUMENTS. 
 2.1 The following definitions in
Section 1.1 of the Loan Agreement are hereby amended and restated in their entirety to read as follows: 
 “Debentures” the 8% Convertible Debentures of the Company in the original principal amount of up to $3,000,000, issued pursuant that certain Securities Purchase Agreement dated as of July 24, 2007 (the “July 2007
SPA”). 
 “Loan Documents” This Agreement, the Limited Waiver and First Amendment to Construction Loan Agreement dated
as of July 7, 2005, the Second Amendment to Construction Loan Agreement dated as of December 29, 2005, the Third Amendment to Construction Loan Agreement dated as of September 18, 2006, this Fourth Amendment to Construction Loan
Agreement dated as of the date hereof, the Note, the Deed of Trust, the Security Agreement, the Patent Security Agreement, the Intercreditor Agreement, the Voting Agreement, the Non-Compete Agreement, the NATK Royalty Agreement, the TieTek Royalty
Agreement, the Membership Pledge Interest Agreements, the Solvency Certificates, and any other documents to be executed by Borrower or any of their respective shareholders pertaining to the Loan, and as the same may be amended from time to time.

 “Note” collectively, (i) that certain Amended and Restated Promissory Note, dated as of July 7, 2005, in the
stated principal amount of $14,000,000 made by TieTek LLC, payable to the order of the Lender, as amended by the First Amendment dated December 29, 2005, Second Amendment dated September 18, 

  

 Page 2 

 
2006 and Third Amendment dated July 26, 2007, (ii) any other promissory notes evidencing any portion of the Loan, including any instruments amended
and restated by the instrument referred to in clause (i) immediately preceding, and (iii) any promissory notes or other agreement evidencing any renewals, extensions, increases, amendments, modifications, restatements or payment-in-kind in
respect of any of the foregoing.” 
 2.2 All references to the “Loan Agreement” or the “Construction
Agreement” or other similar terms intended to refer to the Loan Agreement in each of the Loan Documents and in any other documents or agreements by, between or among any of the Borrower Group and their respective affiliates, and or for the
benefit of the Lender will from and after the date hereof refer to the Loan Agreement, as amended hereby, and all obligations of the Borrower Group under the Loan Agreement, as amended hereby, shall be secured by and be entitled to the benefits of
said Loan Documents and such other documents and agreements. All Loan Documents heretofore executed by all or any of the Borrower Group shall remain in full force and effect to secure the Loan (as defined in the Loan Agreement), and such Loan
Documents, as amended hereby, are hereby ratified and affirmed. 
 3. CONDITIONS PRECEDENT TO EFFECTIVENESS. The effectiveness of this
Agreement is subject to the fulfillment of each of the following terms and conditions to the satisfaction of Lender in its sole discretion at or before 2:00 p.m. (Dallas time) July 26, 2007. 
 3.1 The Lender shall have received fully executed copies of the July 2007 SPA among the Company and certain purchasers of Debentures
issued pursuant to the July 2007 SPA, in form and substance satisfactory to Lender. 
 3.2 The Lender shall have received a
legal opinion of the Borrower’s counsel in form and substance satisfactory to the Lender as to much matters as Lender may request with respect to each member of the Borrower Group, this Agreement, the Loan Agreement, the other Loan Documents
and each agreement and instrument delivered in connection with, or contemplated by, this Agreement. 
 3.3 The Lender shall
have received evidence satisfactory to the Lender that each Purchaser (as defined in the July 2007 SPA) has funded the Applicable Subscription Amount (as defined in the July 2007 SPA). 
 3.4 The Lender shall have received the Third Amendment to Amended and Restated Promissory Note in form of attached hereto as Exhibit
A, appropriately executed by TieTek LLC. 
 4. LENDER CONSENT AND WAIVER. By execution hereof, Lender hereby consents to
(i) the payment of PIK Interest on the Note in NATK Shares for the interest payments due April 1, 2007 and July 1, 2007 and for any interest that accrued from July 1, 2007 through the date of this Agreement; (ii) the payment
of PIK Interest on the Note at the Applicable Rate of 700 base points per annum for interest payments due April 1, 2007 and July 1, 2007 and for any interest accrued from July 1, 2007 through the date of this Agreement and waives any
default under the Loan Documents or Loan Agreement that may have resulted therefrom; (iii) the transactions contemplated in the July 2007 SPA; and (iv) the amendment of the Note to amend and restate the definition of “Debenture
Termination Date.” 
  

 Page 3 

 5. RATIFICATIONS, REPRESENTATIONS AND WARRANTIES. 
 5.1 The terms and provisions set forth in this Agreement shall supersede all inconsistent terms and provisions set forth in the Loan
Agreement and, except as expressly set forth in this Agreement, the terms and provisions of the Loan Agreement and each of the other Loan Documents are ratified and confirmed and shall continue in full force and effect. The Parties hereto agree that
the Loan Agreement shall continue to be legal, valid, binding and enforceable in accordance with its terms. 
 5.2 The
Borrower and the Borrower Affiliates hereby represent and warrant to the Lender as follows: 
 (a) the execution, delivery and
performance of this Agreement and any and all other agreements executed and/or delivered in connection herewith or therewith have been authorized by all requisite action on the part of the Borrower and the Borrower Affiliates and will not violate
(i) the Regulations of the Borrower; or (ii) the articles of incorporation or bylaws of either of the Borrower Affiliates; 
 (b) the representations and warranties contained in this Agreement, the Loan Agreement and the Loan Documents are true and correct in all material respects on and as of the date hereof as though made on and as of such date; 
 (c) no Default or Event of Default under the Loan Agreement or the Loan Documents have occurred or are continuing, unless such Default or
Event of Default has been specifically waived in writing by the Lender; 
 (d) the consummation of the transactions
contemplated hereby will not (i) violate any provision of the organizational documents or governing instruments of the Borrower or either of the Borrower Affiliates, (ii) violate any judgment, order, ruling, injunction, decree or award of
any court, administrative agency or governmental body against, or binding upon, the Borrower or either of the Borrower Affiliates, or (iii) constitute a violation by the Borrower or the Borrower Affiliates of any law or regulation of any
jurisdiction applicable to the Borrower or the Borrower Affiliates; 
 (e) this Agreement was reviewed by the Borrower and the
Borrower Affiliates, who acknowledge and agree that the Borrower and the Borrower Affiliates (i) understand fully the terms of this Agreement and the consequences of the issuance hereof, (ii) have been afforded an opportunity to have this
Agreement reviewed by, and to discuss this Agreement with, such attorneys and other persons as the Borrower or the Borrower Affiliates may wish, and (iii) have entered into this Agreement of their own free will and accord and without threat or
duress; and 
 (f) this Agreement and all information furnished to the Lender are made and furnished in good faith, for value
and valuable consideration; and this Agreement has not been made or induced by any fraud, duress or undue influence exercised by the Lender, or any other person. 
  

 Page 4 

 6. MISCELLANEOUS. 
 6.1 Misrepresentation. The Borrower shall indemnify and hold the Lender harmless from and against any losses, damages, costs and
expenses (including attorneys’ fees) incurred by the Lender as a direct or indirect result of (i) breach of any representation or warranty contained in this Agreement, or (ii) any breach or default under any of the covenants or
agreements contained in this Agreement. 
 6.2 Covenants and Agreements. The Borrower and the Borrower Affiliates
hereby agree and acknowledge that the Borrower is truly indebted to the Lender for the Obligations (without offset, counterclaim, or reduction) pursuant to the terms of the Loan Agreement and the Loan Documents and hereby agree to observe, comply
with and perform all of the obligations, terms, and conditions under or in connection with the Loan Agreement and the Loan Documents. 
 6.3 Ratification of Liens and Security Interests. The Borrower and the Borrower Affiliates hereby acknowledge and agree that the liens and security interests granted pursuant to or otherwise in connection with
the Loan Agreement and the Loan Documents are valid and subsisting liens and security interests and are superior to all liens and security interests other than those exceptions approved by the Lender in writing and as otherwise permitted under the
Loan Agreement or the Loan Documents. 
 6.4 No Waiver. The Borrower and the Borrower Affiliates agree that nothing
contained in this Agreement shall affect or impair the validity or priority of the liens and security interests under the Loan Agreement or the Loan Documents. The Lender further reserves all of its rights and remedies under the Loan Agreement and
the Loan Documents, except as expressly modified herein. 
 6.5 Survival of Representations and Warranties. Except as
provided otherwise in this Agreement, all representations and warranties made in the Loan Agreement or any of the Loan Documents including, without limitation, any document furnished in connection with this Agreement, shall survive the execution and
delivery of this Agreement, and no investigation by the Lender or any subsequent event shall affect the representations and warranties or the right of the Lender to rely upon them. 
 6.6 Expenses of the Lender. The Borrower agrees to pay on demand all costs and expenses incurred by the Lender in connection with
the preparation, negotiation and execution of this Agreement and any other agreements executed pursuant hereto, including, without limitation, the reasonable costs and fees of the Lender’s legal counsel. 
 6.7 Severability. Any provision of this Agreement held by a court of competent jurisdiction to be invalid or unenforceable shall
not impair or invalidate the remainder of this Agreement, and the effect thereof shall be confined to the provision so held to be invalid or unenforceable. 
  

 Page 5 

 6.8 Headings. The headings of the sections and subsections of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement. 
 6.9 Counterparts. This Agreement may
be executed in any number of counterparts, each of which shall be an original, but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of this Agreement by facsimile shall have the same force
and effect as the delivery of an original executed counterpart of this Agreement. Any party delivering an executed counterpart of this Agreement by facsimile shall also deliver an original executed counterpart, but the failure to do so shall not
affect the validity, enforceability or binding effect of this Agreement. 
 6.10 No Commitment. The Borrower and the
Borrower Affiliates agree the Lender has made no commitment or other agreement regarding the Loan Agreement or the Loan Documents, except as expressly set forth in this Agreement. The Borrower and the Borrower Affiliates warrant and represent that
neither the Borrower nor the Borrower Affiliates will rely on any commitment or other agreement on the part of the Lender unless such commitment or agreement is in writing and signed by the Lender. 
 6.11 Survival. All representations, warranties, covenants and agreements of the Parties made in this Agreement shall survive the
execution and delivery hereof, until such time as all of the obligations of the Parties hereto shall have lapsed in accordance with their respective terms or shall have been discharged in full. 
 6.12 Time of Essence. The Parties to this Agreement have agreed specifically with regard to the times for performance set forth in
this Agreement. Further, the Parties to this Agreement acknowledge that the agreements with regard to the times for performance are material to this Agreement. Therefore, the Parties agree and acknowledge that time is of the essence to this
Agreement. 
 6.13 Law Governing. THIS AGREEMENT SHALL BE DEEMED TO HAVE BEEN SUBSTANTIALLY NEGOTIATED AND MADE IN
THE STATE OF TEXAS AND SHALL BE INTERPRETED AND THE RIGHTS OF THE PARTIES DETERMINED IN ACCORDANCE WITH THE LAWS OF THE UNITED STATES APPLICABLE THERETO AND THE INTERNAL LAWS OF THE STATE OF TEXAS APPLICABLE TO AN AGREEMENT EXECUTED, DELIVERED AND
PERFORMED THEREIN, WITHOUT GIVING EFFECT TO THE CHOICE-OF-LAW RULES THEREOF OR ANY OTHER PRINCIPLE THAT COULD REQUIRE THE APPLICATION OF THE SUBSTANTIVE LAW OF ANY OTHER JURISDICTION. 
 6.14 Consent to Jurisdiction. EACH PARTY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY TEXAS OR FEDERAL COURT SITTING
IN DALLAS, TEXAS, FOR THE PURPOSES OF ANY SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF THIS AGREEMENT, THE LOAN DOCUMENTS, THE NOTE OR ANY TRANSACTION CONTEMPLATED HEREBY OR THEREBY. THE PARTIES HEREBY AGREE AND CONSENT THAT, IN ADDITION TO ANY
METHODS OF SERVICE OF PROCESS PROVIDED FOR UNDER APPLICABLE LAW, ALL SERVICE OF PROCESS IN ANY SUCH SUIT, 

  

 Page 6 

 
ACTION OR PROCEEDING IN ANY TEXAS OF FEDERAL COURT SITTING IN DALLAS, TEXAS MAY BE MADE BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, AND
SERVICE SHALL BE COMPLETE FIVE (5) DAYS AFTER THE SAME SHALL HAVE BEEN SO MAILED. EACH PARTY IRREVOCABLY WAIVES ANY OBJECTION TO THE LAYING OF VENUE OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF THIS AGREEMENT, THE LOAN DOCUMENTS, THE NOTE
OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY IN ANY TEXAS OR FEDERAL COURT SITTING IN DALLAS, TEXAS AND FURTHER IRREVOCABLY WAIVE AND AGREE NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION, SUIT OR PROCEEDING BROUGHT IN ANY SUCH
COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 
 6.15 Waiver; Modification. NO PROVISION OF THIS AGREEMENT
MAY BE WAIVED, CHANGED OR MODIFIED, OR THE DISCHARGE THEREOF ACKNOWLEDGED, ORALLY, BUT ONLY BY AN AGREEMENT IN WRITING SIGNED BY THE PARTY AGAINST WHOM THE ENFORCEMENT OF ANY WAIVER, CHANGE, MODIFICATION OR DISCHARGE IS SOUGHT. NO DELAY ON THE PART
OF THE LENDER IN EXERCISING ANY RIGHT, POWER OR PRIVILEGE HEREUNDER, SHALL OPERATE AS A WAIVER THEREOF, NOR SHALL ANY WAIVER OF ANY RIGHT, POWER OR PRIVILEGE HEREUNDER OPERATE AS A WAIVER OF ANY OTHER RIGHT, POWER OR PRIVILEGE HEREUNDER, NOR SHALL
ANY SINGLE OR PARTIAL EXERCISE OF ANY RIGHT, POWER OR PRIVILEGE HEREUNDER PRECLUDE ANY OTHER OR FURTHER EXERCISE THEREOF, OR THE EXERCISE OF ANY OTHER RIGHT, POWER OR PRIVILEGE HEREUNDER. ALL RIGHTS AND REMEDIES HEREIN PROVIDED ARE CUMULATIVE AND
ARE NOT EXCLUSIVE OF ANY RIGHTS OR REMEDIES WHICH THE PARTIES HERETO MAY OTHERWISE HAVE AT LAW OR IN EQUITY. 
 6.16
Waiver of Jury Trial. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE BORROWER AND THE BORROWER AFFILIATES HEREBY IRREVOCABLY AND EXPRESSLY WAIVE ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER
BASED UPON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THE ACTIONS OF THE LENDER IN THE NEGOTIATION, ADMINISTRATION OR ENFORCEMENT THEREOF. 
 6.17 Final Agreement. THIS AGREEMENT AND THE LOAN DOCUMENTS REPRESENT THE ENTIRE EXPRESSION OF THE PARTIES WITH RESPECT TO THE
SUBJECT MATTER HEREOF ON THE DATE THIS AGREEMENT IS EXECUTED. NEITHER THIS AGREEMENT NOR THE LOAN DOCUMENTS MAY BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS BETWEEN THE PARTIES. 
  

 Page 7 

 6.18 Release. EACH OF THE BORROWER AND THE BORROWER AFFILIATES HEREBY
ACKNOWLEDGES THAT AS OF THE DATE HEREOF IT HAS NO DEFENSE, COUNTERCLAIM, OFFSET, CROSS-COMPLAINT, CLAIM OR DEMAND OF ANY KIND OR NATURE WHATSOEVER THAT CAN BE ASSERTED TO REDUCE OR ELIMINATE ALL OR ANY PART OF THE LIABILITY OF THE BORROWER TO REPAY
THE OBLIGATIONS OR TO SEEK AFFIRMATIVE RELIEF OR DAMAGES OF ANY KIND OR NATURE FROM THE LENDER OR ITS RESPECTIVE AFFILIATES, PARTNERS, PARTICIPANTS, AGENTS, ATTORNEYS, OFFICERS, DIRECTORS, AGENTS, EMPLOYEES, SUCCESSORS, ASSIGNS, AND PREDECESSORS,
AND EACH OF THE BORROWER AND THE BORROWER AFFILIATES HEREBY VOLUNTARILY AND KNOWINGLY RELEASES AND FOREVER DISCHARGES THE LENDER AND ITS AFFILIATES, PARTICIPANTS, PREDECESSORS, PARTNERS, AGENTS, OFFICERS, DIRECTORS, EMPLOYEES, SUCCESSORS AND
ASSIGNS, FROM ALL POSSIBLE CLAIMS, DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES, AND LIABILITIES WHATSOEVER, KNOWN OR UNKNOWN, ANTICIPATED OR UNANTICIPATED, SUSPECTED OR UNSUSPECTED, FIXED, CONTINGENT, OR CONDITIONAL, AT LAW OR IN
EQUITY, ORIGINATING IN WHOLE OR IN PART ON OR BEFORE THE DATE THIS AGREEMENT IS EXECUTED, IN EACH CASE WHICH EITHER THE BORROWER OR ANY OF THE BORROWER AFFILIATES MAY NOW OR HEREAFTER HAVE AGAINST THE LENDER, AND ITS RESPECTIVE AFFILIATES, PARTNERS,
PARTICIPANTS, AGENTS, OFFICERS, DIRECTORS, EMPLOYEES, ATTORNEYS, SUCCESSORS, ASSIGNS, AND PREDECESSORS, IF ANY, AND IRRESPECTIVE OF WHETHER ANY SUCH CLAIMS ARISE OUT OF CONTRACT, TORT, VIOLATION OF LAW OR REGULATIONS, OR OTHERWISE, AND ARISING FROM
THE OBLIGATIONS, THE EXERCISE OF ANY RIGHTS AND REMEDIES UNDER THE LOAN AGREEMENT OR THE LOAN DOCUMENTS, AND NEGOTIATION FOR AND EXECUTION OF THIS AGREEMENT. THE BORROWER AND THE BORROWER AFFILIATES HEREBY COVENANT AND AGREE NEVER TO INSTITUTE ANY
ACTION OR SUIT AT LAW OR IN EQUITY, NOR INSTITUTE, PROSECUTE, OR IN ANY WAY AID IN THE INSTITUTION OR PROSECUTION OF ANY CLAIM, ACTION OR CAUSE OF ACTION, RIGHTS TO RECOVER DEBTS OR DEMANDS OF ANY NATURE AGAINST THE LENDER, AND ITS RESPECTIVE
AFFILIATES, PARTICIPANTS, AGENTS, ATTORNEYS, PARTNERS, OFFICERS, DIRECTORS, EMPLOYEES, SUCCESSORS, ASSIGNS, AND PREDECESSORS ARISING OUT OF OR RELATED TO THE LENDER’S ACTIONS, OMISSIONS, STATEMENT, REQUESTS OR DEMANDS ORIGINATING ON OR
PRIOR TO THE DATE HEREOF IN ADMINISTERING, ENFORCING, MONITORING, COLLECTION OR ATTEMPTING TO COLLECT THE INDEBTEDNESS OF THE BORROWER TO THE LENDER, WHICH INDEBTEDNESS WAS EVIDENCED BY THE LOAN AGREEMENT AND THE LOAN DOCUMENTS. 
 6.19 Agreement Binding on the Borrower and the Borrower Affiliates. The Borrower and the Borrower Affiliates agree that this
Agreement will be binding on the Borrower and the Borrower Affiliates and their respective successors and assigns; provided, no obligation or right hereunder shall be assignable by the Borrower or any of the Borrower Affiliates (whether voluntarily,
involuntarily or by operation of law) without the prior written consent of the Lender. 
  

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 IN WITNESS WHEREOF, the Borrower, the Borrower Affiliates, and the Lender have caused this Agreement to
be executed and delivered as of the date first written. 
  

			
	BORROWER:
	
	TIETEK LLC, a Delaware limited liability company
		
	By:	 	/s/ Mahesh Shetty
	Name:	 	Mahesh Shetty
	Title:	 	CFO North American Technologies Group, Inc., sole
	shareholder of TieTek Technologies, Inc. the sole Member of TieTek, LLC
	
	BORROWER AFFILIATES:
	
	 NORTH AMERICAN TECHNOLOGIES GROUP, INC.,
 a
Delaware corporation

		
	By:	 	/s/ Mahesh Shetty
	Name:	 	Mahesh Shetty
	Title:	 	CFO
	
	TIETEK TECHNOLOGIES, INC., a Texas corporation
		
	By:	 	/s/ Mahesh Shetty
	Name:	 	Mahesh Shetty
	Title:	 	CFO North American Technologies Group, Inc., sole
	shareholder of TieTek Technologies, Inc.
	
	LENDER:
	
	OPUS 5949 LLC (fka Tie Investors LLC), a Texas limited liability company)
		
	By:	 	Sammons VPC, Inc., Manager
	Name:	 	/s/ Heather Kreager
	Title:	 	Vice President

  

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