Document:

Exhibit 10.4

 

THIS WARRANT AND THE SHARES ISSUABLE
UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS.
THEY MAY NOT BE SOLD, OFFERED FOR SALE, OR TRANSFERRED IN THE ABSENCE OF EITHER AN EFFECTIVE REGISTRATION UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, AND APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL FOR THE COMPANY THAT SUCH TRANSACTION IS
EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND APPLICABLE STATE SECURITIES LAWS.

 

W-____

EVO Transportation & Energy Services,
Inc.,

a Delaware corporation

 

COMMON STOCK PURCHASE WARRANT

 

	Original Issue Date:	July 20, 2018
	Warrant Holder:	Dan Thompson II LLC
	No. of Shares:	1,200,000 shares of Common Stock

 

This Common Stock Purchase
Warrant (this “Warrant”) certifies that, for value received, the Warrant Holder named above is entitled to purchase
from EVO Transportation & Energy Services, Inc., a Delaware corporation (the “Company”), during the period
specified in this Warrant, 1,200,000 fully paid and non-assessable shares of Common Stock (“Warrant Stock”),
at the purchase price per share provided in Section 1.2 of this Warrant (the “Warrant Exercise Price”), all
subject to the terms and conditions set forth in this Warrant. Capitalized terms not otherwise defined shall have the meanings
set forth in Section 5 below.

 

Section
1. Period for Exercise and Exercise Price.

 

1.1 Period for Exercise.
The right to purchase shares of Warrant Stock represented by this Warrant may be exercised during the period commencing on
the Original Issue Date listed above and expiring on the tenth anniversary of such date (the “Expiration Date”).
From and after the Expiration Date this Warrant shall be null and void and of no further force or effect.

 

1.2 Warrant Exercise
Price. The Warrant Exercise Price shall be $2.50 per share, subject to adjustment as hereinafter provided.

 

Section
2. Exercise of Warrant.

 

2.1 Manner of Exercise.
The Warrant Holder may exercise this Warrant on or after the date hereof, but not later than the Expiration Date, during normal
business hours on any business day by surrendering this Warrant to the Company at the principal office of the Company or the principal
office of its transfer agent (the “Transfer Agent”), together with an executed Notice of Exercise attached hereto
as Annex A. The Notice of Exercise shall be accompanied by payment of the Warrant Exercise Price for the number of shares of Warrant
Stock for which this Warrant is then exercised, by cash or by certified or official bank check.

 

2.2 When Exercise Effective.
Each exercise of this Warrant shall be deemed to have been effected on the day on which all requirements of Section 2.1 shall
have been met with respect to such exercise. At such time the Person in whose name any certificate for shares of Warrant Stock
shall be issuable upon such exercise shall be deemed for all corporate purposes to have become the holder of record of such shares,
regardless of the actual delivery of certificates evidencing such shares.

 

     

     

    

 

2.3 Issuance of Stock.
As soon as practicable after each exercise of this Warrant, the Company at its expense will cause to be issued via book-entry
in the name of the Warrant Holder or as the Warrant Holder may direct, the number of shares of Warrant Stock to which the Warrant
Holder shall be entitled upon such exercise.

 

2.4 Partial Exercise.
This Warrant may be exercised in part, and the Warrant Holder shall be entitled to receive a new warrant, which shall be dated
as of the date of this Warrant, covering the number of shares in respect of which this Warrant shall not have been exercised.

 

Section 3. Warrant Adjustments. Warrant and
the Warrant Exercise Price shall be subject to adjustment from time to time upon the occurrence of certain events as follows:

 

3.1 Reclassification
or Merger. In case of any capital reclassification or reorganization (other than a result of a subdivision, combination or
dividend as described below), or in case of any merger or consolidation of the Company with or into another corporation (other
than a merger with another corporation in which the Company is a continuing corporation and which does not result in any reclassification
or change of outstanding securities issuable upon exercise of this Warrant), or in case of any sale of all or substantially all
of the assets of the Company, the Company, or such successor or purchasing corporation, as the case may be, shall execute and deliver
to the Warrant Holder a new Warrant (in form and substance reasonably satisfactory to the Warrant Holder) providing that the Warrant
Holder shall have the right to exercise such new Warrant and upon such exercise to receive, in lieu of the shares of the Common
Stock theretofore issuable upon exercise of this Warrant, the kind and amount of shares of stock, other securities, money and property
receivable upon such reclassification, change or merger had the Warrant been exercised immediately prior to such event. Such new
Warrant shall provide for adjustments that shall be as nearly equivalent as may be practicable to the adjustments provided for
in this Section 3 to pursue the economic benefit intended to be conferred upon the Warrant Holder by this Warrant. The provisions
of this Section 3.1 shall similarly apply to any successive reclassification, changes, mergers and transfers.

 

3.2 Subdivisions or
Combination of Shares. If the Company, at any time while this Warrant remains outstanding and unexpired, shall subdivide or
combine its Common Stock or in the event of any dividend payable on the Common Stock in shares of the Common Stock, the number
of shares of the Warrant Stock issuable upon exercise hereof shall be proportionately adjusted and the Warrant Exercise Price shall
be increased or decreased, as the case may be, so that the aggregate Warrant Exercise Price of this Warrant shall at all times
remain unchanged.

 

3.3 Notice of Adjustment
Events. Whenever the Company engages in an event which would give rise to adjustments under this Section 3, the Company shall
mail to the Warrant Holder, at least ten (10) days prior to the record date with respect to such event or, if no record date shall
be established, at least ten (10) days prior to such event, a notice specifying (i) the nature of the contemplated event, and (ii)
the date on which any such record is to be taken for the purpose of such event, and (iii) the date on which such event is expected
to become effective, and (iv) the time, if any is to be fixed, when the holders of record of Common Stock (or other securities)
shall be entitled to exchange their shares of Common Stock (or other securities) for securities or other property deliverable in
connection with such event.

 

3.4 Notice of Adjustments.
Whenever the Warrant Exercise Price shall be adjusted pursuant to the provisions hereof, the Company shall within thirty (30)
days of such adjustment deliver a certificate signed by its Chief Executive Officer, Chief Financial Officer, Secretary or Assistant
Secretary to the Warrant Holder as the registered holder hereof setting forth, in reasonable detail, the event requiring the adjustment,
the amount of the adjustment, the method by which such adjustment was calculated, and the Warrant Exercise Price after giving effect
to such adjustment.

 

    	EVO: Common Stock Purchase Warrant	Page 2

     

    

 

Section
4. Ownership, Transfer and Substitution of Warrants.

 

4.1 Transfer and Exchange
of Warrants. The Warrant Holder, by acceptance hereof, agrees to give written notice to the Company before transferring this
Warrant or transferring any Warrant Stock issuable or issued upon the exercise hereof of such Warrant Holder’s intention
to do so, describing briefly the manner of any proposed transfer of this Warrant or such Warrant Holder’s intention as to
the disposition to be made of shares of Warrant Stock issuable or issued upon the exercise hereof. For any proposed transfer other
than a transfer to an affiliate (as defined by Rule 405 of Regulation C under the Securities Act of 1933, as amended) of the Warrant
Holder, such Warrant Holder shall also provide the Company with an opinion of counsel reasonably satisfactory to the Company to
the effect that the proposed transfer of this Warrant or disposition of shares may be effected without registration or qualification
(under any Federal or State law) of this Warrant or the shares of Warrant Stock issuable or issued upon the exercise hereof. Upon
receipt by the Company of such written notice and, for transfers to non-affiliates, opinion of counsel, such Warrant Holder shall
be entitled to transfer this Warrant, or to exercise this Warrant in accordance with its terms and dispose of the shares received
upon such exercise or to dispose of shares of Warrant Stock received upon the previous exercise of this Warrant, all in accordance
with the terms of the notice delivered by the Warrant Holder to the Company, provided that an appropriate legend respecting the
aforesaid restrictions on transfer and disposition may be endorsed on this Warrant or the certificates for such shares. Notwithstanding
the foregoing, upon registration of the Warrant Shares under the Securities Act, no such opinion shall be required.

 

4.2 Transfers; Registered
Holder as Owner.  Subject to the provisions of Section 4.1 hereof, this Warrant and all rights hereunder are transferable,
in whole or in part, at the principal office of the Company by the Warrant Holder hereof in person or by duly authorized attorney,
upon surrender of this Warrant properly endorsed. Each taker and holder of this Warrant, by taking or holding the same, consents
and agrees that the bearer of this Warrant, when endorsed, may be treated by the Company and all other persons dealing with this
Warrant as the absolute owner hereof for any purpose and as the person entitled to exercise the rights represented by this Warrant,
or to the transfer hereof on the books of the Company, any notice to the contrary notwithstanding; but until such transfer on such
books, the Company may treat the registered holder hereof as the owner for all purposes.

 

Section
5. Definitions.

 

As used in this Warrant,
the following terms have the meanings ascribed to such terms below.

 

5.1 “Board”
means the Board of Directors of the Company.

 

5.2 “Common Stock”
means the Company’s Common Stock, $0.0001 par value per share.

 

5.3 “Fair Market
Value” means, as of any particular date: (a) the volume weighted average of the closing sales prices of the Common
Stock for such day on all domestic securities exchanges on which the Common Stock may at the time be listed; (b) if there have
been no sales of the Common Stock on any such exchange on any such day, the average of the highest bid and lowest asked prices
for the Common Stock on all such exchanges at the end of such day; (c) if on any such day the Common Stock is not listed on a domestic
securities exchange, the closing sales price of the Common Stock as quoted on the OTC Bulletin Board, the Pink OTC Markets or similar
quotation system or association for such day; or (d) if there have been no sales of the Common Stock on the OTC Bulletin Board,
the Pink OTC Markets or similar quotation system or association on such day, the average of the highest bid and lowest asked prices
for the Common Stock quoted on the OTC Bulletin Board, the Pink OTC Markets or similar quotation system or association at the end
of such day; in each case, averaged over twenty (20) consecutive business days ending on the business day immediately prior to
the day as of which “Fair Market Value” is being determined; provided, that if the Common Stock is listed on
any domestic securities exchange, the term “business day” as used in this sentence means business days on which such
exchange is open for trading. If at any time the Common Stock is not listed on any domestic securities exchange or quoted on the
OTC Bulletin Board, the Pink OTC Markets or similar quotation system or association, or if the Board determines in its discretion
that the closing prices or bid and asked prices, as applicable, do not accurately reflect the “Fair Market Value” of
the Common Stock due to insufficient trading volume, then the “Fair Market Value” of the Common Stock shall be the
fair market value per share as determined in good faith by the Board.

 

    	EVO: Common Stock Purchase Warrant	Page 3

     

    

 

5.4 “OTC Bulletin
Board” means the Financial Industry Regulatory Authority OTC Bulletin Board electronic inter-dealer quotation system.

 

5.5 “Person”
means an individual, partnership, corporation, business trust, limited liability company, joint stock company, trust, unincorporated
association, joint venture, or other entity of whatever nature.

 

5.6 “Pink OTC
Markets” means the OTC Markets Group Inc. electronic inter-dealer quotation system, including OTCQX, OTCQB and OTC
Pink.

 

5.7 “Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

Section
6. No Rights or Liabilities as Shareholder.

 

Nothing contained in
this Warrant shall be construed as conferring upon the Warrant Holder any rights as a Shareholder of the Company or as imposing
any liabilities on the Warrant Holder to purchase any securities or as a Shareholder of the Company, whether such liabilities are
asserted by the Company or by creditors of the Company.

 

Section
7. Miscellaneous.

 

7.1 Amendment and Waiver.
This Warrant may be amended with, and any term, covenant, agreement or condition contained in this Warrant may be waived with,
the written consent of the Company and the Warrant Holder. Any waiver of any term, covenant, agreement or condition contained in
this Warrant shall not be deemed a waiver of any other term, covenant, agreement or condition, and any waiver of any default in
any such term, covenant, agreement or condition shall not be deemed a waiver of any later default thereof or of any default of
any other term, covenant, agreement or condition.

 

7.2 Representations
and Warranties to Survive Closing. All representations, warranties and covenants contained herein shall survive the execution
and delivery of this Warrant and the issuance of any Warrant Stock upon the exercise hereof.

 

7.3 Severability. The
invalidity or unenforceability of any provisions hereof in any jurisdiction shall not affect the validity, legality or enforceability
of the remainder hereof in such jurisdiction or the validity, legality or enforceability hereof, including any such provision,
in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the
fullest extent permitted by law.

 

7.4 Successors and
Assigns. All representations, warranties, covenants and agreements of the parties contained in this Warrant or made in writing
in connection herewith, shall, except as otherwise provided herein, be binding upon and inure to the benefit of their respective
successors and permitted assigns.

 

    	EVO: Common Stock Purchase Warrant	Page 4

     

    

 

7.5 Notices. All
communications in connection with this Warrant shall be in writing and shall be deemed properly given if hand delivered or sent
by telecopier (provided that such communication is confirmed by same-day deposit in the United States mail first class postage
prepaid) or overnight courier with adequate evidence of delivery or sent by registered or certified mail return receipt requested
and, if to the Warrant holder, addressed to such Warrant Holder at his or its address as shown on the books of the Company or its
Transfer Agent, and if to the Company, at its offices at:

 

EVO Transportation & Energy
Services, Inc.

8285 West Lake Pleasant Parkway

Peoria, AZ 85382

Attention: Chief Executive Officer

 

or such other addresses or Persons as the
recipient shall have designated to the sender by a written notice given in accordance with this Section 7.5. Any notice called
for hereunder shall be deemed delivered when sent in accordance with this Section 7.5.

 

7.6 Fractional Shares.
No fractional shares of Warrant Stock will be issued in connection with any exercise hereunder, but in lieu of such fractional
shares the Company shall make a cash payment to the Warrant Holder equal to the fractional share issuable times the fair market
value of one share of Common Stock, as determined by the Company’s Board of Directors.

 

7.7 Governing Law.
The validity and construction of this Warrant and all matters pertaining hereto are to be determined in accordance with the
laws of the State of Delaware without reference to the conflict of law principles of that state.

 

7.8 Headings. The
headings used herein are solely for the convenience of the parties and shall not serve to modify or interpret the text of the Sections
at the beginning of which they appear.

 

7.9 Signatures.
This Warrant may be executed by facsimile or electronic signature.

 

IN WITNESS WHEREOF,
the Company has caused this Warrant to be executed as of the day first above written.

 

	 	EVO Transportation & Energy Services, Inc.,
	 	 
	 	a Delaware corporation
	 	 	 	 
	 	By:	/s/ John P. Yeros
	 	 	Name:	John P. Yeros
	 	 	Its:	Chief Executive Officer

 

    	EVO: Common Stock Purchase Warrant	Page 5

     

    

 

Annex A to Common Stock Purchase Warrant

 

NOTICE OF EXERCISE

(Complete and sign only upon exercise of
the

Common Stock Purchase Warrant in whole or
in part.)

 

To: EVO Transportation & Energy Services,
Inc.

 

The undersigned, the
holder of the attached Common Stock Purchase Warrant to which this Notice of Exercise applies (the “Warrant”),
hereby irrevocably elects to exercise pursuant to Section 2.1 of the Warrant and to purchase _________ shares of Common Stock,
from EVO Transportation & Energy Services, Inc. and herewith makes payment of $____________________________ therefor in cash
or by certified or official bank check.

 

The undersigned hereby
requests that such securities be issued in the name(s) and delivered to the address(es) as follows:

 

Name: ________________________________________________________________________

Address: ______________________________________________________________________

Social Security Number: __________________________________________________________

Deliver to: _____________________________________________________________________

Address: ______________________________________________________________________

 

If the foregoing evidences
an exercise of the Warrant to purchase fewer than all of the shares of Common Stock to which the undersigned is entitled under
such warrant, please issue a new warrant, of like tenor, relating to the remaining portion of the securities issuable upon exercise
of such warrant in the name(s), and deliver the same to the address(es), as follows:

 

Name: ________________________________________________________________________

Address: ______________________________________________________________________

Dated: ________________________________________________________________________

 

	 	 	 
	(Name of Warrant Holder)	(Social Security or Taxpayer Identification 	 
	 	Number of Warrant Holder, if applicable)	 

 

SIGN HERE:

The undersigned and any recipient of Common
Stock or a new Warrant hereunder are “accredited investors” as defined in Regulation D promulgated under the Securities
Act of 1933, as amended.

 

	 	 	 	 
	(Signature of Warrant Holder or Authorized Signatory)	 	Date	 
	 	 	 	 
	 	 	 	 
	(Type or Print Name of Warrant Holder or Authorized Signatory)	 	 	 

 

NOTE: The above name and signature should
correspond exactly with the name on the first page of this Warrant or with the name of the assignee appearing in the form of assignment
attached as Annex B to the Warrant.

 

    	EVO: Common Stock Purchase Warrant	Page 6

     

    

 

Annex B to Common Stock Purchase Warrant

 

FORM
OF ASSIGNMENT

 

(To be executed upon transfer of Common
Stock Purchase Warrant)

 

FOR VALUE RECEIVED, the undersigned hereby
sells, assigns and transfers to ____________________ the right represented by the within Warrant, as such right may apply to _________
shares of Common Stock which are the subject of the within Warrant, together with all rights, title and interest therein, and does
hereby irrevocably constitute and appoint ____________________ attorney to transfer such Warrant on the warrant register of the
within named Company, with full power of substitution.

 

DATED: _________________.

 

	 	Signature:
	 	 
	 	 

 

(Signature must conform in all respects
to name of Holder as specified on the face of the Warrant)

 

    	EVO: Common Stock Purchase Warrant	Page 7Exhibit 10.5

 

EXECUTIVE
EMPLOYMENT AGREEMENT

 

This
Executive Employment Agreement (the “Agreement”) is entered into and effective as of July 25, 2018 (the
“Effective Date”), by and between EVO Transportation & Energy Services, Inc. (the “Company”)
and Michael Zientek (“Executive”).

 

1.  Duties
and Scope of Employment.

 

(a)  Positions
and Duties. During the Employment Term (as defined below), Executive will be employed as the Chief Financial Officer of
the Company. Executive’s authority, duties, and responsibilities will correspond to Executive’s position and will
include any particular authority, duties, and responsibilities consistent with the Executive’s position that the
Company may assign to Executive from time to time.

 

(b)  Obligations.
During the Employment Term, Executive is required to faithfully and conscientiously perform his assigned duties and
to diligently observe all of his obligations to the Company. Executive agrees to devote his full business time and
efforts, energy and skill to his employment at the Company, and Executive agrees to apply all his skill and experience to
the performance of his duties and advancing the Company’s interests. The foregoing shall not preclude Executive from
(i) engaging in civic, charitable or religious activities (including serving as a director, trustee or officer) or, with
the prior written consent of the Company, from serving on the boards of directors of other  companies or (ii) engaging
in investments, including but not limited to real estate investments and acting as the general partner or manager thereof, as
long as such activities do not interfere or conflict with Executive’s responsibilities to or his abilities to perform
his duties hereunder. During the Employment Term, Executive may not perform services as an employee or consultant of
any other competitive organization and Executive will not assist any other person or organization in competing with the
Company or in preparing to engage in competition with the business or proposed business of the Company. Executive shall
comply with and be bound by Company’s operating policies, procedures, and practices from time to time in effect during
his employment that apply to all executive-level employees of the Company. By signing this Agreement, Executive confirms to
the Company that he has no contractual commitments or other legal obligations that would prohibit him from performing his
duties for the Company.

 

(c)  Employment
Term. The term of this Agreement shall be four (4) years commencing on the Effective Date, unless terminated earlier pursuant
to the terms herein (the “Initial Term”). Unless earlier terminated pursuant to the terms herein, the
Initial Term shall be automatically renewed for consecutive additional one-year terms (each, a “Renewal Term”)
upon the expiration of the Initial Term or any Renewal Term unless the Company or Executive delivers to the other at least 90
days prior to the expiration of the Initial Term or the then-current Renewal Term, as the case may be, a written notice specifying
that the term of Executive’s employment will not be renewed at the end of the Initial Term or the then-current Renewal Term,
as the case may be. Like the Initial Term, the then-current Renewal Term is subject to earlier termination pursuant to the terms
herein. The Executive’s period of employment hereunder is referred herein as the “Employment Term,”
whether the Initial Term, the then-current Renewal Term, or the shorter period through the date of an earlier termination thereof
as provided elsewhere herein The notice of non-renewal given by the Company is referred to herein as the “Company’s
Non-Renewal.” The notice of non-renewal given by Executive is referred to herein as the “Executive’s
Non-Renewal.”

 

     

     

    

 

(d)  Place
of Performance. Executive will initially primarily report to the Company’s principal office, which is currently located
in the Phoenix, Arizona area. Executive understands and agrees that his duties will include reasonable travel, including but not
limited to travel to offices of the Company, its Affiliates, and such other business travel as is reasonably necessary and appropriate
to the performance of Executive’s duties hereunder, subject to reimbursement of expenses pursuant to Section 6 below.

 

2.  At-Will
Employment. The parties agree that Executive’s employment with the Company will be “at-will” employment
and may be terminated at any time, upon written notice, either by the Company without Cause (in any such case, “Company’s
At-Will Termination”) or by Executive without Good Reason (in any such case, “Executive’s At-Will
Termination”). Executive understands and agrees that neither his job performance for, nor promotions, commendations,
bonuses or the like from, the Company give rise to or in any way serve as the basis for modification, amendment, or extension,
by implication or otherwise, of his employment with the Company. However, as described in this Agreement, Executive may be entitled
to Severance Pay (defined below) and Severance Benefits (defined below) depending upon the circumstances of the termination of
the Employment Term as set forth in Section 7(b) below.

 

3.  Compensation.

 

(a)  Initial
Base Salary. During the Employment Term, the Company will pay Executive an annual base salary as compensation for his
services (the “Base Salary”) at the initial rate of $230,000. The Base Salary will be paid
periodically in accordance with the Company’s normal payroll practices. The Base Salary will be subject to review and
adjustments will be made based upon the Company’s standard practices.

 

(b)  Annual
Incentive Bonus. During the Employment Term, Executive will be eligible to earn an annual incentive bonus (an
“Annual Bonus”) under the same or substantially same bonus arrangement, plan or program as in
effect for other director-level employees of the Company from time to time and based upon the same general objective
standards as are applied to the other executive-level employees of Company, provided that Executive’s personal
performance objectives shall be unique to his role as Chief Financial Officer. Consistent therewith, the Board (or
a committee of the Board, if applicable) will determine Executive’s target bonus opportunity and the criteria for earning such
bonus, as well as Executive’s achievement of such criteria, and the amount of the Annual Bonus earned and payable
to Executive for such year. Any Annual Bonus that is earned and becomes payable pursuant to this Section 3(b) will be paid
no later than March 15 of the calendar year immediately following the calendar year to which the Annual Bonus
relates. Executive’s Annual Bonus for calendar year 2018 shall be prorated on a weekly basis for his period of
employment in such year. Executive must remain employed by the Company through December 31 of the applicable calendar year to
be eligible to earn an Annual Bonus for such year; provided, however, that if the Employment Term ends prior to December 31
by reason of either termination by Executive for Good Reason or by the Company’s At-Will Termination, the Annual Bonus
for such partial calendar year shall be prorated on a weekly basis for his period of employment in such year. The
determinations of the Board (or a committee thereof) with respect to the Annual Bonus will be final and binding unless there
is direct evidence that the determination was in violation of the terms and provision of this Section 3(b) or the applicable
program, plan or arrangement.

 

    	 	-2-	 

     

    

 

(c)  Equity.
During the Employment Term, Executive will be eligible to receive awards of stock options pursuant to the same or
substantially same stock option arrangement, plan or program as in effect for other executive-level employees of the Company
from time to time and based upon the same objective standards as are applied to the other executive-level employees of
Company. Consistent therewith, the Board (or a committee of the Board, as applicable) will determine whether Executive will be
granted any such equity awards and the terms of any such award in accordance with the terms of the applicable program,
plan or arrangement that may be in effect from time to time.

 

4.  Employee
Benefits. During the Employment Term, Executive will be entitled to participate in the employee benefit plans and
programs currently and hereafter maintained by the Company of general applicability to other executive-level employees and to
employees generally of the Company, subject to eligibility requirements and the applicable terms and conditions of the
subject plan or program and the determination of any committee uniformly administering such plan or program. The Company
reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time. In addition,
the Company will cause Executive to be covered by a directors and officers liability insurance policy in an amount and scope
of coverage customary for the size and industry of the Company’s business (but in no event less than $2,000,000)
commencing on the date of this Agreement.

 

5.  Vacation.
During the Employment Term, Executive will be entitled to paid vacation of not less than 20 days per calendar year, prorated
for any partial calendar year of employment, in accordance with the Company’s standard vacation policy (including,
without limitation, its policy on the maximum accrual, carry-over and payout), with the timing and duration of specific
vacations mutually and reasonably agreed to by Executive and the Company.

 

6.  Expenses.
During the Employment Term, the Company will reimburse Executive for reasonable travel, lodging, meal, entertainment or other
expenses incurred by Executive in the furtherance of or in connection with the performance of Executive’s duties hereunder,
in accordance with the Company’s expense reimbursement policy as in effect from time to time.

 

7.  Accrued
Obligations; Severance; COBRA.

 

(a)  Accrued
Obligations. Upon the termination or expiration of the Employment Term for any reason, Company shall pay to Executive the
following: (i) all unpaid Base Salary through the last day of the Employment Term; (ii) all unreimbursed expenses that otherwise
are payable to Executive pursuant to Section 6 above, and (iii) all other accrued payments or benefits to which Executive is entitled
and has earned under the terms of any applicable compensation, bonus, award or similar arrangement, plan or program (collectively,
the “Accrued Obligations”). The Accrued Obligations shall be paid to Executive in a lump sum in cash
within thirty (30) days following the termination or expiration of the Employment Term, unless otherwise required by law or the
terms of the applicable arrangement, plan or program, in which case the same shall be paid as soon as permitted thereunder.

 

    	 	-3-	 

     

    

 

(b)  Severance.
If the Employment Term ends by reason of either termination by Executive for Good Reason or by the Company’s At-Will Termination,
the Company shall pay to Executive the greater of (as applicable, “Severance Pay”) (i) an amount
equal to the product of (A) the number of full or partial months, if any, in the period beginning on the date the Employment
Term ended and ending on the date the Initial Term would have ended, if later than the date the Employment Term actually ended,
multiplied by (B) Executive’s monthly Base Salary (as in effect immediately prior to the termination date)
or (ii) an amount equal to one-half of Executive’s annual Base Salary (as in effect immediately prior to the termination
date). The Severance Pay shall be paid by the Company to Executive in substantially equal monthly installments, without reduction
or set off (other than as provided in Section 11(a) below), in accordance with the Company’s standard payroll procedures,
commencing on the 60th day following the termination or expiration of the Employment Term, provided that the revocation period(s)
set forth in the Release Agreement set forth in Section 8(a) below have expired without revocation. If the Employment Terms ends
by reason of termination by the Company for Cause, by the Company’s Non-Renewal or Executive’s Non-Renewal of the
Initial Term or any Renewal Term, by Executive’s At-Will Termination, or due to Executive’s death or disability, no
Severance Pay will be owing or paid to Executive.

 

(c)  COBRA.
If the Employment Term ends by reason of either termination by Executive for Good Reason or by the Company’s At-Will Termination,
to the extent Executive and Executive’s spouse and/or dependent children properly (and timely) elect COBRA continuation
coverage under the Company’s group health insurance plan, the Company shall pay, on Executive’s behalf, all of the
premiums due for such coverage for a period beginning on the date the Employment Term so ended and ending on the earliest to occur
of (as applicable, “Severance Benefits”) (i) the date on which Executive is no longer entitled
to COBRA continuation coverage under the Company’s group health insurance plan, (ii) the last day of the month that
includes or immediately precedes the first day that Executive is covered under another employer’s group health insurance
plan or (iii) the last day of the month in which Executive receives his final Severance Pay payment; provided, however, that notwithstanding
the foregoing or any other provision in this Agreement to the contrary, the Company may unilaterally amend this Section 7(c) or
eliminate the benefit provided hereunder, upon written notice to Executive, but only if and to the extent necessary to avoid the
imposition of excise taxes, penalties or similar charges on the Company, including, without limitation, under Code Section 4980D.
If the Employment Term ends by reason of termination by the Company for Cause, by the Company’s Non-Renewal or Executive’s
Non-Renewal of the Initial Term or any Renewal Term, by Executive’s At-Will Termination, or due to Executive’s death
or disability, no Severance Benefits will be owing to Executive.

 

8.  Conditions
to Receipt of Severance Pay and Severance Benefits.

 

(a)  Release
of Claims. The receipt of Severance Pay and Severance Benefits will be subject to Executive signing, delivering, not revoking
and complying with a general release and waiver of claims in favor of the Company and its officers, directors and affiliates,
which general release and waiver of claims shall be in a form prepared by the Company, in its reasonable discretion. By way of
example and not limitation, the general release and waiver of claims will include any claims for wages, bonuses, employment benefits,
or damages of any kind whatsoever, arising out of any contracts, express or implied, any covenant of good faith and fair dealing,
express or implied, any theory of wrongful discharge, any legal restriction on the Company’s right to terminate employment,
or any federal, state or other governmental statute or ordinance, including, without limitation, Title VII of the Civil Rights
Act of 1964, the federal Age Discrimination in Employment Act, the American with Disabilities Act, the Family and Medical Leave
Act, or any other legal limitation on the employment relationship.

 

    	 	-4-	 

     

    

 

(b)  Compliance
with Covenants. The receipt of Severance Pay and Severance Benefits will be subject to Executive’s compliance with Sections
9(a), 9(b), 9(c) and 9(d) of this Agreement. In the event Executive breaches any of Sections 9(a), 9(b), 9(c) or 9(d), (i) all
remaining payments of Severance Pay and/or Severance Benefits to which Executive otherwise is entitled pursuant to Section 7(b)
and Section 7(c) will immediately cease, and (ii) Executive will repay, or cause to be repaid, to the Company the full amount
of any payments of Severance Pay and Severance Benefits previously paid by the Company to Executive or on behalf of Executive
pursuant to Section 7(b) and/or Section 7(c) prior to the date of such breach.

 

9.  Restrictive
Covenants.

 

(a)  Non-Competition.
In recognition of the consideration provided herein, and in connection with the protection of the Company’s
trade secrets and customer contacts, Executive agrees that, during the Employment Term and ending on the later to occur of
(i) the twelve (12) month anniversary following the termination or expiration of the Employment Term or (ii) the last day of
the Severance Pay period as set forth in Section 7(b) (as applicable, the “Restricted
Period”), Executive shall not either directly or indirectly, whether for consideration or otherwise: (i) engage
in (except on behalf of the Company or any of its Affiliates), or compete with the Company or any of its Affiliates in, a
Competing Business anywhere in the Territory (any such entity, a “Competing Entity”); or (ii) form
or assist others in forming, be employed by, perform services for, become an officer, director, member or partner of, or
participant in, or consultant or independent contractor to, invest in or own any interest in (whether through equity or debt
securities), assist (financially or otherwise) or lend Executive’s name, counsel or assistance to, any Competing
Entity.

 

(b)  Non-Solicitation.
In recognition of the consideration provided herein, Executive agrees that, during the Restricted Period, Executive shall not
either directly or indirectly, whether for consideration or otherwise: (i) solicit or accept business from any customer of the
Company for the purpose of providing goods or services in a Competing Business or solicit or induce any customer of the Company
to terminate, reduce or alter in a manner adverse to the Company, any existing business arrangement or agreement with the Company,
(ii) be employed by any customer of the Company or (iii) solicit, hire, attempt to solicit or attempt to hire any person who is
or was an employee of the Company or any of its Affiliates at any time during the twelve (12) months prior to such solicitation
or hire. The restrictions set forth in this Section 9(b) shall not prohibit any form of general advertising or solicitation that
is not directed at a specific person or entity or does not relate to a Competing Business.

 

(c)  Non-Disclosure
and Non-Use of Confidential Information. At all times both during the Employment Term and thereafter, Executive agrees that
he will not, either directly or indirectly, (i) divulge, use, disclose (in any way or in any manner, including by posting on the
Internet), reproduce, distribute, or reverse engineer or otherwise provide Confidential Information to any person, firm, corporation,
reporter, author, producer or similar person or entity; (ii) take any action that would make available Confidential Information
to the general public in any form; (iii) take any action that uses Confidential Information to solicit any customer of the
Company or prospective customer (with whom the Company has had a substantive discussion on it becoming a customer of the Company
within the immediately preceding twelve (12) months) in violation of Section 9(b); or (iv) take any action that uses Confidential
Information for solicitation of, or marketing for, any service or product on Executive’s behalf or on behalf of any entity
other than the Company or its Affiliates with which Executive was in fact associated, except (A) as required in connection with
the performance of such Executive’s duties to the Company or any of its Affiliates, (B) as required to be included in any
report, statement or testimony requested by any municipal, state or national regulatory body having jurisdiction over Executive,
(C) as required in response to any summons or subpoena or in connection with any litigation, (D) to the extent necessary in order
to comply with any law, order, regulation, ruling or governmental request applicable to Executive, (E) as required in connection
with an audit by any taxing authority, or (F) as permitted by the express written consent of the Company.

 

    	 	-5-	 

     

    

 

(i)  In
the event Executive is required to disclose Confidential Information pursuant to any of the foregoing exceptions, Executive shall
promptly notify the Company of such pending disclosure and assist the Company (at the Company’s sole expense, which will
be advanced to Executive whenever reasonable to do so) in seeking a protective order or in objecting to such request, summons
or subpoena with regard to the Confidential Information. If the Company does not obtain such relief prior to the time that Executive
is required to disclose such Confidential Information, Executive may disclose that portion of the Confidential Information (A)
which counsel to Executive advises Executive that he is required to disclose or (B) which could subject Executive to be liable
for contempt or suffer censure or penalty. In such cases, Executive shall promptly provide the Company with a copy of the Confidential
Information so disclosed. This provision applies without limitation to unauthorized use of Confidential Information in any
medium, including film, videotape, audiotape and writings of any kind (including books, articles, emails, texts, blogs and websites).

 

(ii)  Executive
is hereby notified, pursuant to the federal Defend Trade Secrets Act of 2016 (“DTSA”), that an individual
shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret
that is made (A) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney,
and (B) solely for the purpose of reporting or investigating a suspected violation of law; or (C) where the disclosure of
a trade secret is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.
In addition, Executive is hereby notified under the DTSA that, if an individual files a lawsuit for retaliation by an employer
for reporting a suspected violation of law, the individual may disclose a trade secret to his or her attorney and use the trade
secret information in the court proceeding if the individual (Y) files any document containing the trade secret under seal; and
(Z) does not disclose the trade secret, except pursuant to court order.

 

(d)  Inventions
and Patents; Third Party Information. The results and proceeds of Executive’s services to the Company (whether prior
to or during the Employment Term), including, without limitation, any works of authorship related to the Company resulting from
Executive’s services during Executive’s employment with the Company and any works in progress will be works-made-for-hire.
The Company will be deemed the sole owner throughout the universe of such works-made-for-hire and any and all rights of whatsoever
nature therein, whether or not now or hereafter known, existing, contemplated, recognized or developed, with the right to use
the same in perpetuity in any manner the Company determines in its sole discretion without any further payment to Executive whatsoever.
If, for any reason, any of such results and proceeds will not legally be a work-made-for-hire or there are any rights which do
not accrue to the Company under the preceding sentence, then Executive hereby irrevocably assigns and agrees to assign to the
Company any and all of Executive’s right, title and interest thereto, including, without limitation, any and all copyrights,
patents, trade secrets, trademarks and/or other rights of whatsoever nature therein, whether or not now or hereafter known, existing,
contemplated, recognized or developed. The Company will have the right to use the same in perpetuity throughout the universe in
any manner the Company determines without any further payment to Executive whatsoever. Executive will, from time to time, as may
be reasonably requested by the Company, and at the Company’s sole expense, sign such documents and assist the Company to
establish or document the Company’s exclusive ownership of any and all rights in any such results and proceeds, including,
without limitation, the execution of appropriate copyright or patent applications or assignments. To the extent Executive has
any rights in any such results and proceeds that cannot be assigned in the manner described above, Executive unconditionally and
irrevocably waives the right to enforce such unassignable rights. This Section 9(d) is subject to, and will not be deemed
to limit, restrict or constitute any waiver by the Company of, any rights of ownership to which the Company may be entitled by
operation of law by virtue of the Company being Executive’s employer. This Agreement does not apply to an invention or other
works of authorship for which no equipment, supplies, facility or trade secret information of the Company was used and which was
developed entirely on Executive’s own time, and (i) which does not relate (A) directly to the business of the Company or
(B) to the Company’s actual or demonstrably anticipated research or development, or (ii) which does not result from any
work performed by Executive for the Company hereunder.

 

    	 	-6-	 

     

    

 

(e)  Enforcement;
Remedies. Executive acknowledges that the covenants set forth in Sections 9(a), 9(b), 9(c) and 9(d) impose a reasonable restraint
on Executive in light of the business and activities of the Company and its Affiliates. Executive acknowledges that a breach of
Sections 9(a), 9(b), 9(c) or 9(d) by Executive will cause serious and potentially irreparable harm to the Company and its Affiliates.
Executive therefore acknowledges that a breach of Sections 9(a), 9(b), 9(c) or 9(d) by Executive cannot be adequately compensated
in an action for damages at law, and equitable relief would be necessary to protect the Company and its Affiliates from a violation
of this Agreement and from the harm which this Agreement is intended to prevent. By reason thereof, Executive acknowledges that
the Company is entitled, in addition to any other remedies it may have under this Agreement or otherwise, to preliminary and permanent
injunctive and other equitable relief to prevent or curtail any breach or threatened breach of this Agreement. Executive acknowledges,
however, that no specification in this Agreement of a specific legal or equitable remedy may be construed as a waiver of or prohibition
against pursuing other legal or equitable remedies in the event of a breach of this Agreement by Executive. If Executive breaches
this Section 9, Executive shall pay the reasonable attorneys’ fees and costs incurred by the Company in connection with
enforcing its rights under this Agreement.

 

(f)  Modification.
In the event that any provision or term of this Sections 9(a), 9(b), 9(c) or 9(d), or any word, phrase, clause, sentence or other
portion thereof (including, without limitation, the geographic and temporal restrictions and provisions contained in Sections
9(a) or 9(b)) is held to be unenforceable or invalid for any reason, such provision or portion thereof will be modified or deleted
in such a manner as to be effective for the maximum period of time, the maximum geographical area, and otherwise to the maximum
extent as to which it may be enforceable under applicable law. Such modified restriction(s) shall be enforced by a court having
jurisdiction. In the event that such modification is not possible, because each of Executive’s obligations in Sections 9(a),
9(b), 9(c) and 9(d) is a separate and independent covenant, any unenforceable obligation shall be severed and all remaining obligations
shall be enforceable.

 

10.  Definitions.
For purposes of this Agreement, the following defined terms have the following meanings:

 

(a)  “Affiliate”
means, with respect to the Company, any corporation, limited liability company, partnership, business trust or organization, or
other entity directly or indirectly controlling, controlled by or under common control with the Company, where control means holding
more than 50% of both the voting interests of the entity and the authority to direct the management and policies of the entity.

 

    	 	-7-	 

     

    

 

(b)  “Cause”
means any of the following: (i) Executive’s conviction of, or plea of guilty or nolo contendere to, a
misdemeanor involving dishonesty, wrongful taking of property, immoral conduct, bribery or extortion or any felony;
(ii) willful material misconduct by Executive in connection with the business of the Company and its
Affiliates; (iii) Executive’s continued and willful failure to perform substantially his responsibilities to the
Company under this Agreement; (iv) Executive’s material breach of this Agreement; (v) Executive’s
fraud, theft or material dishonesty against the Company, its Affiliates or its customers; (vi) Executive’s willful
and material breach of the Company’s written code of conduct and business ethics or other material written policy,
procedure or guideline in effect from time to time and applicable to the Company’s employees generally relating to
personal conduct; or (vii) Executive’s willful attempt to obstruct or willful failure to cooperate when with any
investigation authorized by the Board or any governmental or self-regulatory entity. Any
determination of cause by the Company shall be made by a resolution approved by a majority of the members of the Board,
provided that with respect to Sections 10(a)(ii), 10(a)(iii), 10(a)(iv), 10(a)(vi) and 10(a)(vii) and notwithstanding any
other provision of this Agreement to the contrary, Company shall not terminate the Employment Term for Cause unless
(x) the Company notifies Executive in writing of such determination within ninety (90) days following the
Company’s first knowledge of the existence thereof (which notice specifically identifies the reasons and details
therefore), (y) Executive fails to remedy the same within thirty (30) days after the date on which he received such
notice (the “Remedial Period”), and (z) the Company terminates the Employment Term for Cause within
thirty (30) days after the end of the Remedial Period. 

 

(c)  “Code”
means the Internal Revenue Code of 1986, as amended.

 

(d)  “Competing
Business” means (i) a business that is engaged in the acquisition or operation of compressed natural gas fueling
stations, (ii) a business that is engaged in providing freight trucking services, or (iii) any other business in which the Company
or any of its Affiliates is then-currently engaged or was engaged at any time in the twelve (12) month period prior to Executive’s
last day of employment with the Company.

 

(e)  “Confidential
Information” means confidential or proprietary information and/or techniques of the Company or its Affiliates entrusted
to, developed by, or made available by the Company or any of its Affiliates to Executive during the Employment Term, whether in
writing, in computer form, reduced to a tangible form in any medium, or conveyed orally, that is not generally known by others
in the form in which it is or was used by the Company or its Affiliates. Examples of Confidential Information include, without
limitation: (i) sales, sales volume, sales methods, sales proposals, business plans or statements of work; (ii) customers
of the Company, prospective customer (with whom the Company has had a substantive discussion on it becoming a customer of the
Company within the immediately preceding twelve (12) months), and customer records, including contact and preference information;
(iii) costs of goods or services charged by vendors and suppliers to the Company; (iii) prices charged to specific customers and
non-public general price lists and similar pricing information; (iv) terms of contracts with customer; (vii) non-public information
and materials describing or relating to the financial condition and affairs of the Company or its Affiliates, including but not
limited to, financial statements, budgets, projections financial and/or investment performance information, research reports,
personnel matters, products, services, operating procedures, organizational responsibilities and marketing matters, policies or
procedures; (viii) non-public information and materials describing existing or new processes, products and services of the Company
or its Affiliates, including marketing materials, analytical data and techniques, and product, service or marketing concepts under
development, and the status of such development; (ix) the business or strategic plans of the Company or its Affiliates; (x) the
information technology systems, network designs, computer program code, and application practices of the Company or its Affiliates;
(xi) acquisition candidates of the Company or its Affiliates or any studies or assessments relating thereto; and (xii) trademarks,
service marks, trade secrets, trade names and logos. In addition and notwithstanding the foregoing, Confidential Information does
not include either (y) information that, other than as a result of a breach by Executive of this Agreement, is or becomes
generally known to and available for use by the public and (z) information that is, at any time, either on the Company’s
website or is in brochures, advertising and other materials furnished or provided to customers of the Company and prospective
customer (with whom the Company has had a substantive discussion on it becoming a customer of the Company within the immediately
preceding twelve (12) months).

 

    	 	-8-	 

     

    

 

(f)  
“Disability” means Executive’s inability to perform one or more essential functions of his position,
after taking into account reasonable accommodations, by reason of any medically diagnosed physical or mental impairment and such
inability continues for a period of at least 120 consecutive calendar days. A determination of such Disability will be made by
a physician reasonably acceptable to the Company and Executive (or, if applicable, his spouse or legal representative).

 

(g)  “Good
Reason” means the occurrence of any of the following events, without the written consent of Executive:

 

(i)  any
reduction in Executive’s Base Salary (as it may have been increased after the Effective Date), except by no more than ten
percent (10%) as part of an across the board salary reduction uniformly applied to all executive-level employees of the Company;

 

(ii)  any
material reduction in Executive’s authority, duties or responsibilities or the assignment to Executive of any duties that
are inconsistent with his position or;

 

(iii)  any
other action or inaction that constitutes a material breach by the Company of this Agreement or any other agreement under which
Executive provides services to the Company or any of its Affiliates.

 

Notwithstanding
any other provision of this Agreement to the contrary, Executive shall not terminate the Employment Term for Good Reason unless
(A) Executive notifies the Company in writing of the condition that Executive believes constitutes Good Reason within ninety
(90) days following the Executive’s first knowledge of the existence thereof (which notice specifically identifies such
condition and the details regarding its existence), (ii) the Company fails to remedy such condition within thirty (30) days after
the date on which it receives such notice (the “Remedial Period”), and (iii) Executive terminates
the Employment Term within thirty (30) days after the end of the Remedial Period for Good Reason.

 

    	 	-9-	 

     

    

 

(h)  “Section
409A” means Section 409A of the Code and the Treasury Regulations issued thereunder.

 

(i)  “Territory”
means any State in the United States in which the Company and its Affiliates then-currently conduct their business or have
conducted their business at any time in the prior twelve (12) months.

 

11.  Tax
Matters

 

(a)  Withholding.
All payments made pursuant to this Agreement will be subject to withholding of taxes as required by applicable law.

 

(b)  Responsibility.
Notwithstanding anything to the contrary herein, the Company makes no representations or warranties to Executive with respect
to any tax, economic or legal consequences of this Agreement or any payments or other benefits provided hereunder, including without
limitation under Section 409A, and no provision of the Agreement shall be interpreted or construed to transfer any liability for
failure to comply with Section 409A or any other legal requirement from Executive or any other individual to the Company or any
of its Affiliates, except as provided below. Executive, by executing this Agreement, shall be deemed to have waived any claim
against the Company and its Affiliates with respect to any such tax, economic or legal consequences; provided, however, if any
amount payable pursuant to this Agreement is included in Executive’s gross income under Section 409A(a)(1)(A) of the Code,
then (i) Executive shall be responsible for the payment of the income taxes imposed on such payment and the amount of interest
under Section 409A(a)(1)(B)(i)(I) of the Code and (ii) the Company shall be responsible for the payment of the amount due under
Section 409A(a)(1)(B)(i)(II) of the Code within 30 days after such time as a final determination is made that such amount is due
and payable by Executive (whether by an agreed assessment, a decision upon administrative appeal, or a decision by a court having
jurisdiction). The parties intend that the payment under the preceding clause (ii) will comply with Treasury Regulation Sections
1.409A-3(i)(1)(i), 1.409A-3(i)(1)(v) and 1.409A-3(i)(1)(v).

 

(c)  Section
409A. The parties intend that this Agreement and the payments and other benefits provided hereunder be exempt from the requirements
of Section 409A to the maximum extent possible, whether pursuant to the short-term deferral exception described in Treasury Regulations
Section 1.409A-1(b)(4), the involuntary separation pay plan exception described in Treasury Regulations Section 1.409A-1(b)(9)(iii),
or otherwise. To the extent Section 409A is applicable to this Agreement and any such payments and benefits, the parties
intend that this Agreement and such payments and benefits comply with the deferral, payout and other limitations and restrictions
imposed under Section 409A. Notwithstanding any other provision of this Agreement to the contrary, this Agreement shall be interpreted,
operated and administered in a manner consistent with such intentions. Without limiting the generality of the foregoing, and notwithstanding
any other provision of this Agreement to the contrary:

 

(i)  if
at the time Executive’s employment hereunder terminates, Executive is a “specified employee,” as defined in
Treasury Regulations Section 1.409A-1(i) and determined using the identification methodology selected by the Company from
time to time, or if none, the default methodology, then to the extent necessary to avoid subjecting Executive to the imposition
of any additional tax under Section 409A, any and all amounts payable under this Agreement on account of such termination
of employment that would (but for this provision) be payable within six (6) months following the date of termination, shall instead
be paid in a lump sum on the first day of the seventh month following the date on which Executive’s employment terminates
or, if earlier, upon Executive’s death;

 

    	 	-10-	 

     

    

 

(ii)  a
termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the
payment of amounts or benefits upon or following a termination of employment unless such termination is also a “separation
from service,” as defined in Treasury Regulations Section 1.409A-1(h) after giving effect to the presumptions contained
therein, and, for purposes of any such provision of this Agreement, references to “terminate,” “termination,”
“termination of employment” and like terms shall mean separation from service;

 

(iii)  each
payment made under this Agreement shall be treated as a separate payment and the right to a series of installment payments under
this Agreement shall be treated as a right to a series of separate payments; and

 

(iv)  with
regard to any provision in this Agreement that provides for reimbursement of expenses or in-kind benefits, except for any expense,
reimbursement or in-kind benefit provided pursuant to this Agreement that does not constitute a “deferral of compensation,”
within the meaning of Treasury Regulations Section 1.409A-1(b), (A) the right to reimbursement or in-kind benefits shall not be
subject to liquidation or exchange for another benefit, (B) the amount of expenses eligible for reimbursement, or in-kind benefits
provided, during any taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided,
in any other taxable year, and (C) such payments shall be made no later than two and a half months after the end of the calendar
year in which the expenses were incurred.

 

(d)  Limitation
on Payments Under Certain Circumstances.

 

(i)  Notwithstanding
any other provision of this Agreement to the contrary, in the event that Executive becomes entitled to receive or receives any
payments, options, awards or benefits (including, without limitation, the monetary value of any non-cash benefits and the accelerated
vesting of stock awards) under any agreement, arrangement, plan or program with the Company or any person affiliated with the
Company (collectively, the “Payments”), that may separately or in the aggregate constitute “parachute
payments” within the meaning of Code Section 280G and the Treasury regulations promulgated thereunder (“Section
280G”) and it is determined that, but for this Section 12(d)(i), any of the Payments will be subject to any
excise tax pursuant to Code Section 4999 or any similar or successor provision (the “Excise Tax”),
the Company shall pay to Executive either (i) the full amount of the Payments or (ii) an amount equal to the Payments reduced
by the minimum amount necessary to prevent any portion of the Payments from being an “excess parachute payment” (within
the meaning of Section 280G) (the “Capped Payments”), whichever of the foregoing amounts results in
the receipt by Executive, on an after-tax basis (with consideration of all taxes incurred in connection with the Payments, including
the Excise Tax), of the greatest amount of Payments notwithstanding that all or some portion of the Payments may be subject to
the Excise Tax. For purposes of determining whether Executive would receive a greater after-tax benefit from the Capped Payments
than from receipt of the full amount of the Payments and for purposes of Section 11(d)(iii) (if applicable), Executive shall be
deemed to pay federal, state and local taxes at the highest marginal rate of taxation for the applicable calendar year.

 

    	 	-11-	 

     

    

 

(ii)  All
computations and determinations called for by Sections 11(d)(i) and 11(d)(iii) shall be made and reported in writing to the Company
and Executive by a third-party service provider selected by the Company and Executive (the “Tax Advisor”),
and all such computations and determinations shall be conclusive and binding on the Company and Executive. For purposes of such
calculations and determinations, the Tax Advisor may rely on reasonable, good faith interpretations concerning the application
of Code Sections 280G and 4999. The Company and Executive shall furnish to the Tax Advisor such information and documents as the
Tax Advisor may reasonably request in order to make their required calculations and determinations. The Company shall bear all
fees and expenses charged by the Tax Advisor in connection with its services.

 

(iii)  In
the event that Section 11(d)(i) applies and a reduction is required to be applied to the Payments thereunder, the Payments shall
be reduced by the Company in a manner and order of priority that provides Executive with the largest net after-tax value; provided
that payments of equal after-tax present value shall be reduced in the reverse order of payment. Notwithstanding anything to the
contrary herein, any such reduction shall be structured in a manner intended to comply with Section 409A.

 

12.  Assignment.
This Agreement and Executive’s rights under this Agreement are personal to Executive and shall not be assignable by Executive.
The Company may, by written notice to Executive, assign this Agreement to any affiliated or successor to all or substantially
all of the business and assets the Company and then only so long as such affiliate or successor assumes and agrees, in such form
and substance as is reasonably satisfactory to Executive, to perform all of the Company’s duties, responsibilities, obligations
and liabilities hereunder, including without limitation upon the termination of the Employment Term; provided, however, the termination
of Executive’s employment hereunder by such affiliate or successor and the immediate hiring and continuation of Executive’s
employment by such affiliate or successor upon the identical terms and provisions of this Agreement shall not be deemed to constitute
a termination of the Employment Term. All of the terms and provisions of this Agreement shall be binding upon and inure to the
benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns.

 

13.  Notices.
All notices, requests, demands and other communications called for hereunder will be in writing and will be deemed given (a) on
the date of delivery if delivered personally, (b) one (1) day after being sent by a reputable commercial overnight service, or
(c) four (4) days after being mailed by registered or certified mail, return receipt requested, prepaid and addressed to the parties
or their successors at the following addresses, or at such other addresses as the parties may later designate in writing:

 

	 	If to the Company:
	 	 
	 	EVO Transportation & Energy Services, Inc.
	 	8285 West Lake Pleasant Parkway
	 	Peoria, AZ 85382
	 	Attention: John P. Yeros
	 	 
	 	If to Executive:
	 	 
	 	Michael Zientek
	 	23784 North 75th Street
	 	Scottsdale, AZ 85255

 

    	 	-12-	 

     

    

 

14.  Severability.
In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable
or void, this Agreement will continue in full force and effect without said provision.

 

15.  Integration.
This Agreement represents the entire agreement and understanding between the parties as to the subject matter herein and supersedes
all prior or contemporaneous agreements whether written or oral. No waiver, alteration or modification of any of the provisions
of this Agreement will be binding unless in writing that specifically refers to this Agreement and is signed by Executive and
a duly authorized representative of the Company.

 

16.  Waiver
of Breach. The waiver of a breach of any term or provision of this Agreement must be in writing and will not operate as or
be construed to be a waiver of any other previous or subsequent breach of this Agreement.

 

17.  Headings.
All captions and section headings used in this Agreement are for convenient reference only and do not form a part of this Agreement.

 

18.  Governing
Law. This Agreement will be construed and interpreted in accordance with, and any dispute or controversy arising from any
breach or asserted breach of this Agreement will be governed by, the laws of the State of Arizona without regard to any choice
of law rules. Any action brought to enforce or interpret this Agreement must be brought in the state or federal courts for the
State of Arizona, and the parties hereby consent to the jurisdiction and venue of such courts in the event of any dispute. Each
of the parties knowingly and voluntarily waives all right to trial by jury in any action or proceeding arising out of or relating
to this Agreement, Executive’s employment by the Company, or for recognition or enforcement of any judgment.

 

19.  Acknowledgment.
Executive acknowledges that he has had the opportunity to discuss this Agreement with and obtain advice from his private attorney,
has had sufficient time to, and has carefully read and fully understands all the provisions of this Agreement, and is knowingly
and voluntarily entering into this Agreement.

 

20.  Counterparts.
This Agreement may be executed in counterparts, and may delivered personally or by facsimile or electronic transmission, and each
counterpart will have the same force and effect as an original and will constitute an effective, binding agreement on the part
of each of the undersigned parties.

 

{Signature
Page Follows}

 

    	 	-13-	 

     

    

 

IN
WITNESS WHEREOF, each of the parties has executed this Employment Agreement, in the case of the Company by its duly authorized
officer, as of the Effective Date in the preamble hereof.

 

COMPANY:

 

EVO
Transportation & Energy Services, Inc.

 

	By:	/s/ John
    Yeros	                Date: July
    25, 2018
	Name:	John Yeros	 
	Title:	Chief Executive Officer	 
	 	 	 
	EXECUTIVE:	 
	 	 	 
	/s/ Michael Zientek	                Date: July 25, 2018
	Name:	Michael Zientek	 

 

    	 	-14-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00286-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00286-of-00352.parquet"}]]