Document:

amerexgroup_10qsb-ex1032.htm

     

    EXHIBIT
10.32

    GLENWOOD
CAPITAL, LLC

    

    

    May 7,
2008

     

    Stephen
K. Onody

    Chief
Operating Officer

    Amerex
Group, Inc.

    1105 N.
Peoria Avenue

    Tulsa, OK
74106

     

    Dear Mr.
Onody:

     

    This
letter confirms that Amerex Group, Inc. (the “Client”) has engaged Glenwood
Capital, LLC (the “LLC”) to perform financial and other consulting services for
the Client upon the terms set forth herein and in the attached Engagement Terms,
incorporated herein by this reference, and sets
forth the LLC’s duties, responsibilities, and the fee arrangement.

     

    The LLC
will provide only those financial and other consulting services expressly
described in the
attached Engagement Terms (the “Work”).  By its signature below, the
Client authorizes the LLC to commence work for its domestic and, if applicable,
international operations.  Any advice provided pursuant to our work
will be oral, unless other arrangements are made to provide the Client
with a written report.

     

    We can
begin our review upon receipt of the executed engagement letter and the
indicated retainer.
We will forward a Document Request under separate cover and appreciate receipt
of the requested information as soon as possible.  The LLC assumes any
information provided by the Client is accurate and complete in all material
respects.  The LLC will not conduct an audit, but may or
may not perform independent investigation of the accuracy or completeness of
such data.

     

    Upon
completion of the engagement, the LLC will not be responsible for updating any
of the work products that may result from changes in circumstances such as
changes in accounting rules,
market conditions, or conditions within the Client.  It is our company
policy to destroy all documents related to this assignment one year following
our final invoice.  The LLC, nevertheless,
will welcome a new engagement to advise the Client of the effect of such changes
on the
LLC’s work product.

     

    The
services provided to the Client and the work product are for the sole use and
benefit of the Client
and may not be relied upon by any third party without the prior written consent
of the LLC which
may be withheld or conditioned in its sole discretion.

     

    The fees
for services rendered to perform the work are $37,500.00 per month, payable in
advance by wire transfer (instructions are attached).  In addition, we
require a retainer of $18,750, representing one-half of the monthly fee.  We will bill for our services on a monthly
basis,
with subsequent payments due on the monthly anniversary date of the execution of
this agreement.  We
will bill out of pocket expenses, on a bi-weekly basis, with payment due within
five business days of billing.  We will offset our final billings
against the retainer. Any excess retainer will be returned to you within ten
days of completing the engagement.

    
 

    
      7101
COLLEGE BLVD, SUITE 710 - OVERLAND PARK, KANSAS 66210 - (913)
652-9300 - (913) 652-9305 FAX

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
Mr.
Stephen K. Onody

    May 7, 
2008 

    Page
2

     

    

    In
addition to the monthly fees and expenses described above, the Client agrees to
pay the LLC a contingent fee in the amount to be negotiated within twenty (20)
business days of the execution of this agreement.  The contingent fee
shall be billed upon completion of the engagement and shall be due
within five (5) business days.

     

    If the
foregoing is in accordance with your understanding, please execute this letter
in the space provide and return to the LLC.  The duplicate copy of
this letter is for your files.

     

    Thank you
for this opportunity to be of service to you. 

     

    Very
truly yours,

     

     

    GLENWOOD
CAPITAL, LLC

    

    

    By: /s/
Randall D. Humphreys

    Randall
D. Humphreys, Manager

     

     

    Attachment  -
Amerex Group, Inc. - Engagement Terms

     

     

    The
foregoing meets with Amerex Group, Inc.’s approval, and the LLC is authorized to
proceed with the services outlined.

     

    Amerex Group, Inc.

    

    By:  /s/
Nicholas J. Malino

    Nicholas
J. Malino, President and CEO

    

    

    7101
COLLEGE BLVD, SUITE 710 - OVERLAND PARK, KANSAS 66210 - (913)
652-9300 - (913) 652-9305 FAX

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

Mr. Stephen K. Onody

    May 7, 
2008

    Page 3

     

    Amerex Group, Inc.

    
      Engagement Terms

    

     

    These
terms apply to the engagement described in any arrangement letter referencing
them (and supersede
any inconsistent terms) but shall also apply to any additional work the LLC is
asked to perform on behalf
of the client.

     

    Confidentiality

     

    Client
shall at no time disclose any of LLC’s Work product and other confidential
material, or its role in this
engagement to any third party (except to a government agency or court if part of
the scope of the Work, or
pursuant to a subpoena but only after 10 days notice to the LLC or such shorter
time as allowed by the
issuer of the subpoena) without LLC’s prior written consent in each
case.  Client’s use of the Work product shall in all events be
restricted to the client’s internal use.

     

    The LLC
shall treat as confidential any information provided by the Client to the LLC
which is marked confidential or which the LLC reasonably believes to be
confidential, and shall not disclose such confidential information to any third
party without Client’s consent except as required by law.  However,
the LLC
is not required to treat as confidential any confidential information which (a)
is or becomes public knowledge without any act by the LLC; (b) is or becomes
lawfully available to the LLC from a source
other than the Client; or (c) is independently developed by the LLC without any
reference to the confidential information.

     

    Client Privileges: Use of Counsel

     

    The
parties acknowledge that certain documents and other communications involving
and/or disclosed to or by the
LLC may be subject to one or more claims of privilege by or on behalf of
Client.  The Client is solely responsible for managing the
recognition, establishment and maintenance of all such privileges.

     

    Agreed Upon Scope of Work

     

    LLC shall
be obligated only for the Work or deliverables specified herein, and only for
changes in such scope
that are set forth in writing and duly executed by the parties
hereto.  To the extent all relevant terms and conditions of an
engagement are not fully provided, at the request of either party, the parties
shall work
diligently and in good faith to so provide.  Unless expressly provided
herein, the LLC’s services shall not include the giving of testimony or
appearing or participating in any discovery proceedings, administrative
hearings, court proceedings, or in other legal or regulatory inquiries or
proceedings.  It is understood that unless the Client or LLC otherwise
agree in writing, the LLC shall have no responsibility to update
any of the Work after its completion.

     

    Indemnification

     

    Client
shall indemnify the LLC and its members and managers against all costs, fees,
expenses, damages and
liabilities (including defense costs) associated with any claim arising from or
in any way relating to any
services, Work product or deliverables provided by the LLC or otherwise related
to this engagement, except to the extent attributable to the LLC’s fraud, gross
negligence or willful misconduct.  Such indemnification
shall also extend to any claims arising out of the disclosure of any information
by Client to the
LLC, as well as any claims whatsoever arising out of the engagement of the LLC
by the Client. The terms of this paragraph shall apply regardless of the nature
of any claim asserted (including those made
under contract, by statute, or in negligence, tort or strict liability), and
whether the same are asserted by the
Client, the LLC or other third party.  Such terms shall also continue
to apply after any termination of the
agreement and during any dispute between the parties, but shall not apply to the
gross negligence or willful misconduct of the LLC or its authorized agents in
the performance of the Work.

     

    7101 COLLEGE BLVD, SUITE
710 - OVERLAND PARK, KANSAS 66210 - (913) 652-9300 - (913)
652-9305 FAX

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Mr. Stephen K. Onody

      May 7, 
2008
Page
4

       

    

    The
Client acknowledges that the LLC is only providing consulting services, and is
not providing any assurances or other guaranties to the Client that by
contracting for the LLC’s consulting services the Client
will benefit financially.  The Client also acknowledges that the LLC
is basing its Work product and other services it provides to Client on
information provided to the LLC by the Client.  The LLC is not
undertaking any independent review or investigation as to the accuracy or
completeness of the information
provided to the LLC by the Client, and as such in no event shall the LLC be
responsible for any loss or claim of the Client or any third party resulting
from errors in the Work product or consulting services
resulting from any incomplete or incorrect information provided to the LLC by
the Client.  The Client
expressly agrees to hold the LLC and its members and managers harmless from and
against any and all claims, damages, loss or expenses (whether from the Client
or any third party), including reasonable
legal fees, which may arise as a result of any incomplete or incorrect
information provided to the LLC by the Client.

     

    Work Described

     

    The LLC
shall provide the following services and deliverables which constitute the
Work:

     

    1.
Assessment of financial condition.

     

    2. Assessment of the state of the business.

     

     

     

    
      7101
COLLEGE BLVD, SUITE 710 - OVERLAND PARK, KANSAS 66210 - (913)
652-9300 - (913) 652-9305 FAX

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Mr. Stephen K. Onody

      May 7, 
2008

      Page
5

    

    

    

    

    Wire Instructions

    
 

    
       
Glenwood
Capital, LLC

      Citizens
Bank, NA 

      Overland
Park, KS 

      ABA#:
101100566

      Account #: 004006232

       

       

       

      7101
COLLEGE BLVD, SUITE 710 - OVERLAND PARK, KANSAS 66210 - (913)
652-9300 - (913) 652-9305 FAXFiled by Bowne Pure Compliance

Exhibit 4.1

Execution Copy

REGISTRATION RIGHTS AGREEMENT

This
Registration Rights Agreement (this “Agreement") is made and entered into as of May 19, 2008, by and among Heckmann Corporation, a Delaware corporation (the “Company"), and the investors
signatory hereto (each a “Investor” and collectively, the “Investors") and will be effective at the
Effective Time of the Merger described below.

WHEREAS, concurrently with the execution of this Agreement and as a condition to the Company
and Investors’ entering into this Agreement, the Company and certain Investors who are holders of
China Water & Drinks, Inc.’s (“CWDK”) 5% Convertible Notes due January 29, 2011 (the “Notes”),
which are convertible into shares of CWDK’s common stock, are entering into a conversion agreement
(the “Conversion Agreement”), pursuant to which such holders will, subject to the terms thereof,
among other things, convert their Notes into CWDK common stock, execute and deliver a written
election to acquire all stock in a merger involving CWDK and the Company (the “Merger”), and
release certain liens in their favor, and in consideration for such conversion, stock election and
release, CWDK will grant to such holders the right to a Contingent Payment (as defined in the
Conversion Agreement), which may at the Company’s discretion be payable, in all or in part, in
shares of the Company’s common stock (such stock, the “Contingent Payment Stock”).

WHEREAS, concurrently with the execution of this Agreement and as a condition to the Company
and Investors’ entering into this Agreement, CWDK and certain specified holders of CWDK common
stock are entering into a release agreement (the “Release Agreement”), pursuant to which each such
holder will execute and deliver an election to receive all stock in the Merger, release certain
obligations and waive certain potential defaults of CWDK, if any, and release Xu Hong Bin from his
obligations under the Make Good Escrow Agreement, and in consideration for such stock election,
waiver and release, the Company will grant to such holders the right to a Contingent Payment (as
defined in the Release Agreement).

This Agreement is made in connection with that certain Agreement and Plan of Merger and
Reorganization, dated as of the date hereof, among the Company and the signatories thereto (the
“Merger Agreement"), the Conversion Agreement and the Release Agreement.

This Agreement is a material inducement to the Investors entering into the Conversion
Agreement and Release Agreement, as applicable.

The Company and the Investors hereby agree as follows:

1. Definitions. Capitalized terms used and not otherwise defined herein that are
defined in the Conversion Agreement will have the respective meanings given such terms in the
Conversion Agreement. As used in this Agreement, the following terms have the respective meanings
set forth in this Section 1:

 

 

 

“Advice” has the meaning set forth in Section 6(d).

“Closing Date” has the meaning set forth in the Merger Agreement.

“Commission” means the Securities and Exchange Commission.

“Commission Comments” means written comments which are received by the Company from the
Commission to a filed Registration Statement, a copy of which shall have been provided by the
Company to the Holders, which either (i) requires the Company to limit the number of Registrable
Securities which may be included therein to a number which is less than the number sought to be
included thereon as filed with the Commission or (ii) requires the Company to exclude Contingent
Payment Stock issuable to certain Holders from such Registration Statement.

“Effective Date” means, as to a Registration Statement, the date on which such Registration
Statement is first declared effective by the Commission.

“Effectiveness Date” means (a) with respect to the initial Registration Statement required to
be filed pursuant to Section 2(a), the earlier of: (i) the 90th day following the
Closing Date; provided, that, if the Commission reviews and has written comments to such
filed Registration Statement that would require the filing of a pre-effective amendment thereto
with the Commission, then the Effectiveness Date under this clause (a)(i) shall be the
120th day following the Closing Date, and (ii) the fifth Trading Day following the date
on which the Company is notified by the Commission that the initial Registration Statement will not
be reviewed or is no longer subject to further review and comments, and (b) with respect to a
Registration Statement required to be filed under Section 2(b), the earlier of: (i) the
90th day following the date Contingent Payment Stock becomes issuable to Holders
pursuant to the Conversion Agreement; provided, that, if the Commission reviews and has
written comments to such filed Registration Statement that would require the filing of a
pre-effective amendment thereto with the Commission, then the Effectiveness Date under this clause
(b)(i) shall be the 120th day following the date on which the Contingent Payment Stock
becomes issuable to Holders, and (ii) the fifth Trading Day following the date on which the Company
is notified by the Commission that such Registration Statement will not be reviewed or is no longer
subject to further review and comments.

“Effectiveness Period” means, as to any Registration Statement required to be filed pursuant
to this Agreement, the period commencing on the Effective Date of such Registration Statement and
ending on the earliest to occur of (a) the second anniversary of such Effective Date, (b) such time
as all of the Registrable Securities covered by such Registration Statement have been publicly sold
by the Holders of the Registrable Securities included therein, or (c) such time as all of the
Registrable Securities covered by such Registration Statement may be sold by the Holders without
volume restrictions pursuant to Rule 144, as determined by the counsel to the Company pursuant to a
written opinion letter to such effect, addressed and acceptable to the Company’s transfer agent and
the affected Holders.

“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

2

 

“Filing Date” means (a) with respect to the initial Registration Statement required to be
filed pursuant to Section 2(a), the thirtieth calendar day following the Closing Date; and (b) with
respect to any additional Registration Statements required to be filed pursuant to Section 2(b),
the thirtieth calendar day following the date Contingent Payment Stock becomes issuable to Holders.

“Holder” or “Holders” means the holder or holders, as the case may be, from time to time of
Registrable Securities.

“Indemnified Party” has the meaning set forth in Section 5(c).

“Indemnifying Party” has the meaning set forth in Section 5(c).

“Losses” has the meaning set forth in Section 5(a).

“Proceeding” means an action, claim, suit, investigation or proceeding (including, without
limitation, an investigation or partial proceeding, such as a deposition), whether commenced or
threatened.

“Prospectus” means the prospectus included in a Registration Statement (including, without
limitation, a prospectus that includes any information previously omitted from a prospectus filed
as part of an effective registration statement in reliance upon Rule 430A promulgated under the
Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms
of the offering of any portion of the Registrable Securities covered by a Registration Statement, a
“free writing prospectus” as defined in Rule 405 under the Securities Act and all other amendments
and supplements to the Prospectus, including post-effective amendments, and all material
incorporated by reference or deemed to be incorporated by reference in such Prospectus.

“Registrable Securities” means: (i) the Parent Common Stock issuable to Holders in connection
with the Merger, (ii) the Contingent Payment Stock, (iii) and any securities issued or issuable
upon any stock split, dividend or other distribution, recapitalization or similar event, or any
price adjustment as a result of such stock splits, reverse stock splits or similar events with
respect to any of the securities referenced in (i) or (ii) above.

“Registration Statement” means the initial registration statement required to be filed in
accordance with Section 2(a) and any additional registration statements required to be filed under
this Agreement, including in each case the Prospectus, amendments and supplements to such
registration statements or Prospectus, including pre- and post-effective amendments, all exhibits
thereto, and all material incorporated by reference or deemed to be incorporated by reference
therein.

“Rule 144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as
such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by
the Commission having substantially the same effect as such Rule.

 

3

 

“Rule 415” means Rule 415 promulgated by the Commission pursuant to the Securities Act, as
such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by
the Commission having substantially the same effect as such Rule.

“Rule 424” means Rule 424 promulgated by the Commission pursuant to the Securities Act, as
such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by
the Commission having substantially the same effect as such Rule.

“Securities Act” means the Securities Act of 1933, as amended.

2. Registration.

(a) On or prior to its applicable Filing Date, the Company shall prepare and file with the
Commission a Registration Statement covering the resale of all Registrable Securities (including
Contingent Payment Stock, whether or not such Contingent Payment Stock is then issuable) not
already covered by an existing and effective Registration Statement for an offering to be made on a
continuous basis pursuant to Rule 415. Each Registration Statement required to be filed under this
Agreement shall be filed on Form S-1 (or if the Company is then eligible to utilize Form S-3
promulgated under the Securities Act, on Form S-3, or if another form of registration is required,
it shall utilize such other available form appropriate for such purpose) and contain (except if
otherwise required pursuant to written comments received from the Commission upon a review of such
Registration Statement, other than as to the characterization of any Holder as an underwriter,
which shall not occur without such Holder’s written consent) a “Plan of Distribution” section in
substantially the form attached hereto as Annex A. The Company shall cause each
Registration Statement required to be filed under this Agreement to be declared effective under the
Securities Act as soon as possible but, in any event, no later than its Effectiveness Date, and
shall use its reasonable best efforts to keep each such Registration Statement continuously
effective during its entire Effectiveness Period. By 5:00 p.m. (New York City time) on the
business day immediately following the Effective Date of each Registration Statement, the Company
shall file with the Commission in accordance with Rule 424 under the Securities Act the final
prospectus to be used in connection with sales pursuant to such Registration Statement (whether or
not such filing is technically required under such Rule).

(b) If for any reason a Registration Statement is effective but not all outstanding
Registrable Securities are registered for resale pursuant thereto, then the Company shall prepare
and file by the applicable Filing Date an additional Registration Statement to register the resale
of all such unregistered Registrable Securities for an offering to be made on a continuous basis
pursuant to Rule 415.

(c) Each Holder agrees to furnish to the Company a completed Questionnaire in substantially
the form attached to this Agreement as Annex B (a “Selling Holder Questionnaire”).

3. Registration Procedures.

In connection with the Company’s registration obligations hereunder, the Company shall:

 

4

 

(a) Not less than four trading days prior to the filing of a Registration Statement or any
related Prospectus or any amendment or supplement thereto, the Company shall furnish to each Holder
copies of the “Selling Stockholders” section of such document, the “Plan of Distribution” and any
risk factor contained in such document that addresses specifically this transaction or the Selling
Stockholders, as proposed to be filed, which documents will be subject to the review of such
Holder. The Company shall use commercially reasonable efforts to reflect in such documents such
comments as the Holders and their respective counsel may reasonably propose. The Company shall not
file a Registration Statement, any Prospectus or any amendments or supplements thereto in which the
“Selling Stockholder” section thereof differs from the disclosure received from a Holder in its
Selling Holder Questionnaire (as amended or supplemented). The Company shall not file a
Registration Statement, any Prospectus or any amendments or supplements thereto in which it (i)
characterizes any Holder as an underwriter, (ii) excludes a particular Holder due to such Holder
refusing to be named as an underwriter, or (iii) reduces the number of Registrable Securities being
registered on behalf of a Holder except pursuant to, in the case of subsection (iii), the
Commission Comments, without, in each case, such Holder’s express written authorization.

(b) (i) Prepare and file with the Commission such amendments, including post-effective
amendments, to each Registration Statement and the Prospectus used in connection therewith as may
be necessary to keep such Registration Statement continuously effective as to the applicable
Registrable Securities for its Effectiveness Period and prepare and file with the Commission such
additional Registration Statements in order to register for resale under the Securities Act all of
the Registrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any
required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424;
(iii) respond as promptly as reasonably possible to any comments received from the Commission with
respect to each Registration Statement or any amendment thereto and, as promptly as reasonably
possible provide the Holders true and complete copies of all correspondence from and to the
Commission relating to such Registration Statement that would not result in the disclosure to the
Holders of material and non-public information concerning the Company; (iv) comply in all material
respects with the provisions of the Securities Act and the Exchange Act with respect to the
Registration Statement(s) and the disposition of all Registrable Securities covered by each
Registration Statement; and (v) take such action as may be necessary so that (A) each Registration
Statement and any amendment thereto does not, when it becomes effective, contain an untrue
statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading, and (B) each Prospectus, and any amendment
or supplement to such Prospectus, does not at any time during the Effectiveness Period include an
untrue statement of a material fact or omit to state a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading.

(c) Notify the Holders as promptly as reasonably possible (and, in the case of (i)(A) below,
not less than three trading days prior to such filing and (if requested by any such Person) confirm
such notice in writing no later than one Trading Day following the day (i)(A) when a Prospectus or
any Prospectus supplement or post-effective amendment to a Registration Statement is proposed to be
filed; (B) when the Commission notifies the Company whether there will be a “review” of such
Registration Statement and whenever the Commission comments in writing on such Registration
Statement (the Company shall provide true and complete copies

 

5

 

thereof and all written responses thereto to each of the Holders that pertain to the Holders
as a Selling Stockholder or to the Plan of Distribution, but not information which the Company
believes would constitute material and non-public information); and (C) with respect to each
Registration Statement or any post-effective amendment, when the same has become effective; (ii) of
any request by the Commission or any other Federal or state governmental authority for amendments
or supplements to a Registration Statement or Prospectus or for additional information; (iii) of
the issuance by the Commission of any stop order suspending the effectiveness of a Registration
Statement covering any or all of the Registrable Securities or the initiation of any Proceedings
for that purpose; (iv) of the receipt by the Company of any notification with respect to the
suspension of the qualification or exemption from qualification of any of the Registrable
Securities for sale in any jurisdiction, or the initiation or threatening of any Proceeding for
such purpose; (v) of the occurrence of any event or passage of time that makes the financial
statements included in a Registration Statement ineligible for inclusion therein or any statement
made in such Registration Statement or Prospectus or any document incorporated or deemed to be
incorporated therein by reference untrue in any material respect or that requires any revisions to
such Registration Statement, Prospectus or other documents so that, in the case of such
Registration Statement or the Prospectus, as the case may be, it will not contain any untrue
statement of a material fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under which they were made,
not misleading; and (vi) of the occurrence of any material pending corporate development that, in
the discretion of the Company upon advice of counsel, makes it appropriate to suspend, in
accordance with Section 6(d) herein, the availability of a Registration Statement and the related
Prospectus. For purposes of Section 3(c)(iv), “notification” shall include the dissemination of a
press release or similar announcement in the ordinary course, or the filing of any report or
registration statement under the federal securities laws.

(d) Use its reasonable best efforts to avoid the issuance of, or, if issued, obtain the
withdrawal of (i) any order suspending the effectiveness of a Registration Statement, or (ii) any
suspension of the qualification (or exemption from qualification) of any of the Registrable
Securities for sale in any jurisdiction, at the earliest practicable moment.

(e) Furnish to each Holder, without charge, at least one conformed copy of each Registration
Statement and each amendment thereto and all exhibits to the extent requested by such Person
(including those previously furnished) promptly after the filing of such documents with the
Commission.

(f) Prior to any public offering of Registrable Securities, register or qualify such
Registrable Securities for offer and sale under the securities or Blue Sky laws of all
jurisdictions within the United States as any Holder may request, to keep each such registration or
qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and
all other acts or things necessary or advisable to enable the disposition in such jurisdictions of
the Registrable Securities covered by the Registration Statement(s).

(g) Upon the occurrence of any event contemplated by Section 3(c)(v), as promptly as
reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to
the affected Registration Statements or a supplement to the related Prospectus or any document
incorporated or deemed to be incorporated therein by reference, and file any other

 

6

 

required document so that, as thereafter delivered, no Registration Statement nor any
Prospectus will contain an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading.

(h) Promptly deliver to each Holder, without charge, as many copies of each Prospectus or
Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such
Holder may reasonably request. The Company hereby consents to the use of such Prospectus and each
amendment or supplement thereto by each of the Holders in connection with the offering and sale of
the Registrable Securities covered by such Prospectus and any amendment or supplement thereto.

(i) Cooperate with the Holders to facilitate the timely preparation and delivery of
certificates representing Registrable Securities to be delivered to a transferee pursuant to the
Registration Statement(s), which certificates shall be free of all restrictive legends, and to
enable such Registrable Securities to be in such denominations and registered in such names as any
such Holders may request.

(j) In the event that any broker-dealer registered under the Exchange Act shall be an
“affiliate” (as defined in Rule 2720(b)(1) of the FINRA Conduct Rules (or any successor provision
thereto)) of the Company or has a “conflict of interest” (as defined in Rule 2720(b)(7) of the
FINRA Conduct Rules (or any successor provision thereto)) and such broker-dealer shall be intended
to underwrite, participate as a member of an underwriting syndicate or selling group or assist in
the distribution of any Registrable Securities covered by the Registration Statements, whether as a
Holder of such Registrable Securities or as an underwriter, a placement or sales agent or a broker
or dealer in respect thereof, or otherwise, and such Holder cannot by reasonable efforts appoint an
alternative broker-dealer then the Company shall assist such broker-dealer in complying with the
requirements of the FINRA Conduct Rules, including, without limitation, by (A) engaging a
“qualified independent underwriter” (as defined in Rule 2720(b)(15) of the FINRA Conduct Rules (or
any successor provision thereto)) to participate in the preparation of the registration statement
relating to such Registrable Securities, to exercise usual standards of due diligence in respect
thereto and to recommend the public offering price of such Registrable Securities, (B) indemnifying
such qualified independent underwriter to the extent of the indemnification of underwriters
provided in Section 5 hereof, and (C) providing such information to such broker-dealer as may be
required in order for such broker-dealer to comply with the requirements of the FINRA Conduct
Rules.

(k) Make generally available to its securityholders as soon as practicable, but in any event
not later than eighteen months after (i) the effective date (as defined in Rule 158(c) under the
Securities Act) of the Registration Statements, (ii) the effective date of each post-effective
amendment to the Registration Statements, and (iii) the date of each filing by the Company with the
Commission of an Annual Report on Form 10-K that is incorporated by reference in the Registration
Statements, an earning statement of the Company and its subsidiaries complying with Section 11(a)
of the Securities Act and the rules and regulations of the Commission thereunder (including, at the
option of the Company, Rule 158).

 

7

 

(l) Use its reasonable best efforts to take all other steps necessary to effect the
registration, offering and sale of the Registrable Securities contemplated hereby.

4. Registration Expenses. All fees and expenses incident to the performance of or
compliance with this Agreement by the Company shall be borne by the Company whether or not any
Registrable Securities are sold pursuant to a Registration Statement. The fees and expenses
referred to in the foregoing sentence shall include, without limitation, (i) all registration and
filing fees (including, without limitation, fees and expenses (A) with respect to filings required
to be made with any trading market on which the Common Stock is then listed for trading, and (B) in
compliance with applicable state securities or Blue Sky laws), (ii) printing expenses (including,
without limitation, expenses of printing certificates for Registrable Securities and of printing
prospectuses if the printing of prospectuses is reasonably requested by the holders of a majority
of the Registrable Securities included in the Registration Statement), (iii) messenger, telephone
and delivery expenses, (iv) fees and disbursements of counsel for the Company, (v) Securities Act
liability insurance, if the Company so desires such insurance, and (vi) fees and expenses of all
other Persons retained by the Company in connection with the consummation of the transactions
contemplated by this Agreement. In addition, the Company shall be responsible for all of its
internal expenses incurred in connection with the consummation of the transactions contemplated by
this Agreement (including, without limitation, all salaries and expenses of its officers and
employees performing legal or accounting duties), the expense of any annual audit and the fees and
expenses incurred in connection with the listing of the Registrable Securities on any securities
exchange as required hereunder.

5. Indemnification.

(a) Indemnification by the Company. The Company shall, notwithstanding any
termination of this Agreement, indemnify and hold harmless each Holder, the officers, directors,
agents, investment advisors, partners, members and employees of each of them, each Person who
controls any such Holder (within the meaning of Section 15 of the Securities Act or Section 20 of
the Exchange Act) and the officers, directors, agents and employees of each such controlling
Person, to the fullest extent permitted by applicable law, from and against any and all losses,
claims, damages, liabilities, costs (including, without limitation, reasonable costs of preparation
and reasonable attorneys’ fees) and expenses (collectively, “Losses”), as incurred, arising out of
or relating to any untrue or alleged untrue statement of a material fact contained in any
Registration Statement, any Prospectus or any form of prospectus or in any amendment or supplement
thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged
omission of a material fact required to be stated therein or necessary to make the statements
therein (in the case of any Prospectus or form of prospectus or supplement thereto, in light of the
circumstances under which they were made) not misleading, except to the extent, but only to the
extent, that (1) such untrue statements or omissions are based solely upon information regarding
such Holder furnished in writing to the Company by such Holder expressly for use therein, or to the
extent that such information relates to such Holder or such Holder’s proposed method of
distribution of Registrable Securities and was reviewed and expressly approved in writing by such
Holder expressly for use in the Registration Statement, such Prospectus or such form of Prospectus
or in any amendment or supplement thereto (it being understood that the Holder has approved Annex A
hereto for this purpose) or (2) in the case of an occurrence of an event of the type specified in
Section 3(c)(ii)-(v), the use by such Holder of an outdated or

 

8

 

defective Prospectus after the Company has notified such Holder in writing that the Prospectus
is outdated or defective and prior to the receipt by such Holder of an Advice or an amended or
supplemented Prospectus, but only if and to the extent that following the receipt of the Advice or
the amended or supplemented Prospectus the misstatement or omission giving rise to such Loss is or
would have been corrected. The Company shall notify the Holders promptly of the institution,
threat or assertion of any Proceeding of which the Company is aware in connection with the
transactions contemplated by this Agreement.

(b) Indemnification by Holders. Each Holder shall, severally and not jointly,
indemnify and hold harmless the Company, its directors, officers, agents and employees, each Person
who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20 of
the Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to
the fullest extent permitted by applicable law, from and against all Losses, as incurred, arising
solely out of or based solely upon any untrue statement of a material fact contained in any
Registration Statement, any Prospectus, or any form of prospectus, or in any amendment or
supplement thereto, or arising solely out of or based solely upon any omission of a material fact
required to be stated therein or necessary to make the statements therein not misleading to the
extent, but only to the extent that, such untrue statements or omissions are based solely upon
information regarding such Holder furnished in writing to the Company by such Holder expressly for
use therein. In no event shall the liability of any selling Holder hereunder be greater in amount
than the dollar amount of the net proceeds received by such Holder upon the sale of the Registrable
Securities giving rise to such indemnification obligation.

(c) Conduct of Indemnification Proceedings. If any Proceeding shall be brought or
asserted against any Person entitled to indemnity hereunder (an “Indemnified Party”), such
Indemnified Party shall promptly notify the Person from whom indemnity is sought (the “Indemnifying
Party”) in writing, and the Indemnifying Party shall assume the defense thereof, including the
employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees
and expenses incurred in connection with defense thereof; provided, that the failure of any
Indemnified Party to give such notice shall not relieve the Indemnifying Party of its obligations
or liabilities pursuant to this Agreement, except (and only) to the extent that it shall be finally
determined by a court of competent jurisdiction (which determination is not subject to appeal or
further review) that such failure shall have proximately and materially adversely prejudiced the
Indemnifying Party.

An Indemnified Party shall have the right to employ separate counsel in any such Proceeding
and to participate in the defense thereof, but the fees and expenses of such counsel shall be at
the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party has agreed in
writing to pay such fees and expenses; (2) the Indemnifying Party shall have failed promptly to
assume the defense of such Proceeding and to employ counsel reasonably satisfactory to such
Indemnified Party in any such Proceeding; or (3) the named parties to any such Proceeding
(including any impleaded parties) include both such Indemnified Party and the Indemnifying Party,
and such Indemnified Party shall have been advised by counsel that a conflict of interest is likely
to exist if the same counsel were to represent such Indemnified Party and the Indemnifying Party
(in which case, if such Indemnified Party notifies the Indemnifying Party in writing that it elects
to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying Party shall
not have the right to assume the defense thereof and such

 

9

 

counsel shall be at the expense of the Indemnifying Party). The Indemnifying Party shall not
be liable for any settlement of any such Proceeding effected without its written consent, which
consent shall not be unreasonably withheld. No Indemnifying Party shall, without the prior written
consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect of
which any Indemnified Party is a party, unless such settlement includes an unconditional release of
such Indemnified Party from all liability on claims that are the subject matter of such Proceeding.

All fees and expenses of the Indemnified Party (including reasonable fees and expenses to the
extent incurred in connection with investigating or preparing to defend such Proceeding in a manner
not inconsistent with this Section) shall be paid to the Indemnified Party, as incurred, within
twenty five trading days of written notice thereof to the Indemnifying Party (regardless of whether
it is ultimately determined that an Indemnified Party is not entitled to indemnification hereunder;
provided, that the Indemnifying Party may require such Indemnified Party to undertake to
reimburse all such fees and expenses to the extent it is finally judicially determined that such
Indemnified Party is not entitled to indemnification hereunder).

(d) Contribution. If a claim for indemnification under Section 5(a) or 5(b) is
unavailable to an Indemnified Party (by reason of public policy or otherwise), then each
Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount
paid or payable by such Indemnified Party as a result of such Losses, in such proportion as is
appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in
connection with the actions, statements or omissions that resulted in such Losses as well as any
other relevant equitable considerations. The relative fault of such Indemnifying Party and
Indemnified Party shall be determined by reference to, among other things, whether any action in
question, including any untrue or alleged untrue statement of a material fact or omission or
alleged omission of a material fact, has been taken or made by, or relates to information supplied
by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge,
access to information and opportunity to correct or prevent such action, statement or omission.
The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject
to the limitations set forth in Section 5(c), any reasonable attorneys’ or other reasonable fees or
expenses incurred by such party in connection with any Proceeding to the extent such party would
have been indemnified for such fees or expenses if the indemnification provided for in this Section
was available to such party in accordance with its terms. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent misrepresentation. The
obligations of the Holders in this Section 5(d) to contribute shall be several in proportion to the
number of Registrable Securities sold by them and not joint.

The parties hereto agree that it would not be just and equitable if contribution pursuant to
this Section 5(d) were determined by pro rata allocation or by any other method of allocation that
does not take into account the equitable considerations referred to in the immediately preceding
paragraph. Notwithstanding the provisions of this Section 5(d), no Holder shall be required to
contribute, in the aggregate, any amount in excess of the amount by which the proceeds actually
received by such Holder from the sale of the Registrable Securities subject to the Proceeding
exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or
alleged omission.

 

10

 

The indemnity and contribution agreements contained in this Section are in addition to any
liability that the Indemnifying Parties may have to the Indemnified Parties.

6. Miscellaneous.

(a) Remedies. In the event of a breach by the Company or by a Holder, of any of their
obligations under this Agreement, each Holder or the Company, as the case may be, in addition to
being entitled to exercise all rights granted by law and under this Agreement, including recovery
of damages, will be entitled to specific performance of its rights under this Agreement. The
Company and each Holder agree that monetary damages would not provide adequate compensation for any
losses incurred by reason of a breach by it of any of the provisions of this Agreement and hereby
further agrees that, in the event of any action for specific performance in respect of such breach,
it shall waive the defense that a remedy at law would be adequate.

(b) No Piggyback on Registrations. Except as and to the extent specified in
Schedule 6(b), neither the Company nor any of its security holders (other than the Holders
in such capacity pursuant hereto) may include securities of the Company in a Registration Statement
other than the Registrable Securities, and the Company shall not during the Effectiveness Period
enter into any agreement providing any such right to any of its security holders. The Company may
not file any other registration statement following the Effective Time of the Merger (other than on
Form S-8) until after the fifteenth day following such date as the initial Registration Statement
required to be filed in accordance with Section 2(a) has been filed with the Commission.

(c) Compliance. Each Holder covenants and agrees that it will comply with the
prospectus delivery requirements of the Securities Act as applicable to it in connection with sales
of Registrable Securities pursuant to the Registration Statement.

(d) Discontinued Disposition. Each Holder agrees by its acquisition of such
Registrable Securities that, upon receipt of a notice from the Company of the occurrence of any
event of the kind described in Sections 3(c)(v) or (vi), such Holder will forthwith discontinue
disposition of such Registrable Securities under the Registration Statement until such Holder’s
receipt of the copies of the supplemented Prospectus and/or amended Registration Statement or until
it is advised in writing (the “Advice”) by the Company that the use of the applicable Prospectus
may be resumed, and, in either case, has received copies of any additional or supplemental filings
that are incorporated or deemed to be incorporated by reference in such Prospectus or Registration
Statement. Notwithstanding anything to the contrary set forth in this Agreement, the Company may
not suspend the availability of any Registration Statement, and the Holder shall not be required to
discontinue disposition of Registrable Securities pursuant to this Section, for an aggregate of
more than thirty trading days during any 365-day period (which need not be on consecutive days).
The Company may provide appropriate stop orders to enforce the provisions of this paragraph.

 

11

 

(e) Piggy-Back Registrations. If at any time during the Effectiveness Period there
is not an effective Registration Statement covering all of the Registrable Securities and the
Company shall determine to prepare and file with the Commission a registration statement relating
to an offering for its own account or the account of others under the Securities Act of any of its
equity securities, other than the Company’s registration statement registering 50,000,000 Units of
the Company (File No. 333-144056) and any successor registration statement thereto or registration
statements on Form S-4 or Form S-8 (each as promulgated under the Securities Act) or their then
equivalents relating to equity securities to be issued solely in connection with any acquisition of
any entity or business or equity securities issuable in connection with stock option or other
employee benefit plans, then the Company shall send to each Holder written notice of such
determination and, if within fifteen calendar days after receipt of such notice, any such Holder
shall so request in writing, the Company shall include in such registration statement all or any
part of such Registrable Securities such holder requests to be registered, subject to customary
underwriter cutbacks and lockups applicable to all holders of registration rights.

(f) Amendments and Waivers. The provisions of this Agreement, including the
provisions of this Section 6(f), may not be amended, modified or supplemented, and waivers or
consents to departures from the provisions hereof may not be given, unless the same shall be in
writing and signed by the Company and the Holders of no less than a majority of the then
outstanding Registrable Securities. Notwithstanding the foregoing, a waiver or consent to depart
from the provisions hereof with respect to a matter that relates exclusively to the rights of
certain Holders and that does not directly or indirectly affect the rights of other Holders may be
given by Holders of at least a majority of the Registrable Securities to which such waiver or
consent relates; provided, further that no amendment or waiver to any provision of this
Agreement relating to naming any Holder or requiring the naming of any Holder as an underwriter may
be effected in any manner without such Holder’s prior written consent. Section 2(a) may not be
amended or waived except by written consent of each Holder affected by such amendment or waiver.

(g) Notices. Any and all notices or other communications or deliveries required or
permitted to be provided hereunder shall be in writing and shall be deemed given and effective on
the earliest of (a) the date of transmission, if such notice or communication is delivered via
facsimile (provided the sender receives a machine-generated confirmation of successful
transmission) at the facsimile number specified in this Section prior to 6:30 p.m. (New York City
time) on a Trading Day, (b) the next Trading Day after the date of transmission, if such notice or
communication is delivered via facsimile at the facsimile number specified in this Section on a day
that is not a Trading Day or later than 6:30 p.m. (New York City time) on any Trading Day, (c) the
Trading Day following the date of mailing, if sent by U.S. nationally recognized overnight courier
service, or (d) upon actual receipt by the party to whom such notice is required to be given. The
address for such notices and communications shall be as follows:

	 	 	 	 	 
	 

	 	If to the Company:
	 	Heckmann Corporation
	 

	 	 	 	75080 Frank Sinatra Drive
	 

	 	 	 	Palm Desert, California 92211
	 

	 	 	 	Attn: Don Ezzell
	 

	 	 	 	Facsimile: (760) 341-3727

 

12

 

	 	 	 	 	 
	 

	 	With a copy to:
	 	DLA Piper US LLP
	 

	 	 	 	2415 East Camelback Road, Suite 700 
	 

	 	 	 	Phoenix, Arizona 85016 
	 

	 	 	 	Facsimile: (480) 606-5524 
	 

	 	 	 	Attn.: Steven D. Pidgeon, Esq.
	 
	 	 	 	 
	 

	 	If to a Investor:
	 	To the address set forth under such Investor’s name on the signature pages hereto.

If to any other Person who is then the registered Holder:

	 	 	 	 	 
	 

	 	 	 	To the address of such Holder as it appears in the stock
transfer books of the Company
	 
	 	 	 	 
	 

	 	With a copy to:
	 	Winston & Strawn LLP
	 

	 	 	 	200 Park Avenue
	 

	 	 	 	New York, New York 10166 
	 

	 	 	 	Facsimile: (212) 294-4700 
	 

	 	 	 	Attn.: Eric L. Cohen, Esq.

or such other address as may be designated in writing hereafter, in the same manner, by such
Person.

(h) Successors and Assigns. This Agreement shall inure to the benefit of and be
binding upon the successors and permitted assigns of each of the parties and shall inure to the
benefit of each Holder. The Company may not assign its rights or obligations hereunder without the
prior written consent of each Holder. Each Holder may assign their respective rights hereunder in
the manner and to the Persons as permitted under the Conversion Agreement.

(i) Execution and Counterparts. This Agreement may be executed in any number of
counterparts, each of which when so executed shall be deemed to be an original and, all of which
taken together shall constitute one and the same Agreement. In the event that any signature is
delivered by facsimile transmission, such signature shall create a valid binding obligation of the
party executing (or on whose behalf such signature is executed) the same with the same force and
effect as if such facsimile signature were the original thereof.

(j) Governing Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York, regardless of the laws that might otherwise govern under
applicable principles of conflicts of law thereof.

(k) Consent to Jurisdiction; Venue. In any action or proceeding between any of the
parties arising out of or relating to this Agreement or any of the transactions contemplated by
this Agreement, each of the parties: (a) irrevocably and unconditionally consents and submits to
the exclusive jurisdiction and venue of the Court of Chancery of the State of Delaware; and (b)
agrees that all claims in respect of such action or proceeding may be heard and determined
exclusively in the Court of Chancery of the State of Delaware. Each of the parties hereto agrees
that a final judgment in any such action or proceeding and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.
Nothing in this Agreement shall affect the right of any party to this Agreement to serve process in
any other manner permitted by Legal Requirements.

 

13

 

(l) WAIVER OF JURY TRIAL. EACH OF THE PARTIES IRREVOCABLY WAIVES ANY AND ALL RIGHTS
TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING BETWEEN THE PARTIES ARISING OUT OF OR RELATING TO THIS
AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

(m) Cumulative Remedies. The remedies provided herein are cumulative and not
exclusive of any remedies provided by law.

(n) Severability. If any term, provision, covenant or restriction of this Agreement is
held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in
full force and effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their reasonable efforts to find and employ an alternative means to achieve the
same or substantially the same result as that contemplated by such term, provision, covenant or
restriction. It is hereby stipulated and declared to be the intention of the parties that they
would have executed the remaining terms, provisions, covenants and restrictions without including
any of such that may be hereafter declared invalid, illegal, void or unenforceable.

(o) Headings. The headings in this Agreement are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.

(p) Independent Nature of Investors’ Obligations and Rights. The obligations of each
Investor under this Agreement are several and not joint with the obligations of each other
Investor, and no Investor shall be responsible in any way for the performance of the obligations of
any other Investor under this Agreement. Nothing contained herein or in any Transaction Document,
and no action taken by any Investor pursuant thereto, shall be deemed to constitute the Investors
as a partnership, an association, a joint venture or any other kind of entity, or create a
presumption that the Investors are in any way acting in concert or as a group with respect to such
obligations or the transactions contemplated by this Agreement or any other Transaction Document.
Each Investor acknowledges that no other Investor will be acting as agent of such Investor in
enforcing its rights under this Agreement. Each Investor shall be entitled to independently
protect and enforce its rights, including without limitation the rights arising out of this
Agreement, and it shall not be necessary for any other Investor to be joined as an additional party
in any Proceeding for such purpose. The Company acknowledges that each of the Investors has been
provided with the same Registration Rights Agreement for the purpose of closing a transaction with
multiple Investors and not because it was required or requested to do so by any Investor.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

SIGNATURE PAGES TO FOLLOW]

 

14

 

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

	 	 	 	 	 
	 	 	HECKMANN CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Richard J. Heckmann
	 

	 	 	 	 
	 

	 	 	 	Name: Richard J. Heckmann

Title: Chief Executive Officer and Chief Financial Officer

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

SIGNATURE PAGES OF INVESTORS TO FOLLOW]

 

 

 

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

	 	 	 	 	 
	 	 	GOLDMAN SACHS INTERNATIONAL
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Barend Pennings
	 

	 	 	 	 
	 

	 	 	 	Name: Barend Pennings

Title: Managing Director

	 	 	 	 	 
	 	 	ADDRESS FOR NOTICE
	 
	 	 	 	 
	 

	 	c/o:
	 	Goldman Sachs (Asia) LLC
	 

	 	 	 	 
	 

	 	Street:
	 	Cheung Kong Center / 62nd Floor
	 

	 	 	 	 
	 

	 	 	 	2 Queen’s Road Central
	 

	 	 	 	 
	 

	 	City/State/Zip:
	 	Hong Kong
	 

	 	 	 	 
	 

	 	Attention:
	 	Raymond Chow / Stella Ngan
	 

	 	 	 	 
	 

	 	Tel:
	 	(852) — 2978-0432
	 

	 	 	 	 
	 

	 	Fax:
	 	(852) — 2233-5619
	 

	 	 	 	 
	 

	 	Email:
	 	ficc-1stops-hk@gs.com
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Cc:
	 	Sullivan & Cromwell, LLP
	 

	 	 	 	 
	 

	 	Street:
	 	28th Floor, Nine Queen’s Road Central
	 

	 	 	 	 
	 

	 	City/State/Zip:
	 	Hong Kong
	 

	 	 	 	 
	 

	 	Attention:
	 	William Y. Chua, Esq.
	 

	 	 	 	 
	 

	 	Tel:
	 	(852) — 2826-8632
	 

	 	 	 	 
	 

	 	Fax:
	 	(852) — 2522-2280
	 

	 	 	 	 
	 

	 	Email:
	 	chuaw@sullcrom.com
	 

	 	 	 	 

 

 

 

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

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	NAME OF INVESTING ENTITY
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	THE PINNACLE FUND, L.P.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	PINNACLE ADVISORS, L.P.,
its General Partner
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	PINNACLE FUND MANAGEMENT, LLC,

its General Partner
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	/s/ Barry M. Kitt
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name:
	 	Barry M. Kitt
	 

	 	 	 	 	 	 	 	Title:
	 	Sole Member

	 	 	 	 	 
	 	 	ADDRESS FOR NOTICE
	 
	 	 	 	 
	 

	 	c/o:
	 	The Pinnacle Fund, L.P.
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Street:
	 	4965 Preston Park Blvd., Suite 240
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	City/State/Zip:
	 	Plano, Texas 75093
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Attention:
	 	Barry M. Kitt
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Tel:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Fax:
	 	(972) 985-2121
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Email:	 	 
	 

	 	 	 	 

 

 

 

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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	NAME OF INVESTING ENTITY
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	PINNACLE CHINA FUND, L.P.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	PINNACLE CHINA ADVISORS, L.P., its General Partner
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	PINNACLE CHINA MANAGEMENT, LLC, its General Partner
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	KITT CHINA MANAGEMENT, LLC, its manager
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	By:	 	/s/ Barry M. Kitt
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Name:
	 	Barry M. Kitt
	 

	 	 	 	 	 	 	 	 	 	Title:
	 	Manager

	 	 	 	 	 
	 	 	ADDRESS FOR NOTICE
	 
	 	 	 	 
	 

	 	c/o:
	 	The Pinnacle Fund, L.P.
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Street:
	 	4965 Preston Park Blvd., Suite 240
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	City/State/Zip:
	 	Plano, Texas 75093
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Attention:
	 	Barry M. Kitt
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Tel:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Fax:
	 	(972) 985-2121
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Email:	 	 
	 

	 	 	 	 

 

 

 

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

	 	 	 	 	 	 	 
	 	 	NAME OF INVESTING ENTITY
	 
	 	 	 	 	 	 
	 	 	LIBERTY HARBOR MASTER FUND I, L.P.
	 	 	By:	 	Liberty Harbor I GP, LLC, its general partner
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Brendan McGovern
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Brendan McGovern
	 

	 	 	 	Title:
	 	Vice President

	 	 	 	 	 
	 	 	ADDRESS FOR NOTICE
	 
	 	 	 	 
	 

	 	c/o:
	 	Liberty Harbor I GP, LLC
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Street:
	 	1 New York Plaza
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	City/State/Zip:
	 	New York, NY 10004
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Attention:
	 	Brendon McGovern; Jon Yoder
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Tel:
	 	212-357-5817; 212-902-0328
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Fax:
	 	646-835-3510; 212-256-5597
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Email:
	 	Brendan.mcgovern@libertyharborllc.com;
jon.yoder@gs.com
	 

	 	 	 	 

 

 

 

Annex A

Plan of Distribution

The Selling Stockholders and any of their pledgees, donees, transferees, assignees and
successors-in-interest may, from time to time, sell any or all of their shares of Common Stock on
any stock exchange, market or trading facility on which the shares are traded or quoted or in
private transactions. These sales may be at fixed or negotiated prices. The Selling Stockholders
may use any one or more of the following methods when selling shares:

ordinary brokerage transactions and transactions in which the broker-dealer solicits Investors;

block trades in which the broker-dealer will attempt to sell the shares as agent but may position
and resell a portion of the block as principal to facilitate the transaction;

purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

an exchange distribution in accordance with the rules of the applicable exchange;

privately negotiated transactions;

to cover short sales made after the date that this Registration Statement is declared effective
by the Commission;

broker-dealers may agree with the Selling Stockholders to sell a specified number of such shares at
a stipulated price per share;

a combination of any such methods of sale; and

any other method permitted pursuant to applicable law.

The Selling Stockholders may also sell shares under Rule 144 under the Securities Act, if
available, rather than under this prospectus.

Broker-dealers engaged by the Selling Stockholders may arrange for other brokers-dealers to
participate in sales. Broker-dealers may receive commissions or discounts from the Selling
Stockholders (or, if any broker-dealer acts as agent for the purchaser of shares, from the
purchaser) in amounts to be negotiated. The Selling Stockholders do not expect these commissions
and discounts to exceed what is customary in the types of transactions involved.

The Selling Stockholders may from time to time pledge or grant a security interest in some or
all of the Shares owned by them and, if they default in the performance of their secured
obligations, the pledgees or secured parties may offer and sell shares of Common Stock from time to
time under this prospectus, or under an amendment to this prospectus under Rule 424(b)(3) or other
applicable provision of the Securities Act of 1933 amending the list of selling stockholders to
include the pledgee, transferee or other successors in interest as selling stockholders under this
prospectus.

 

A-1

 

Upon the Company being notified in writing by a Selling Stockholder that any material
arrangement has been entered into with a broker-dealer for the sale of Common Stock through a block
trade, special offering, exchange distribution or secondary distribution or a purchase by a broker
or dealer, a supplement to this prospectus will be filed, if required, pursuant to Rule 424(b)
under the Securities Act, disclosing (i) the name of each such Selling Stockholder and of the
participating broker-dealer(s), (ii) the number of shares involved, (iii) the price at which such
the shares of Common Stock were sold, (iv)the commissions paid or discounts or concessions allowed
to such broker-dealer(s), where applicable, (v) that such broker-dealer(s) did not conduct any
investigation to verify the information set out or incorporated by reference in this prospectus,
and (vi) other facts material to the transaction. In addition, upon the Company being notified in
writing by a Selling Stockholder that a donee or pledgee intends to sell more than 500 shares of
Common Stock, a supplement to this prospectus will be filed if then required in accordance with
applicable securities law.

The Selling Stockholders also may transfer the shares of Common Stock in other circumstances,
in which case the transferees, pledgees or other successors in interest will be the selling
beneficial owners for purposes of this prospectus.

The Selling Stockholders and any broker-dealers or agents that are involved in selling the
shares may be deemed to be “underwriters” within the meaning of the Securities Act in connection
with such sales. In such event, any commissions received by such broker-dealers or agents and any
profit on the resale of the shares purchased by them may be deemed to be underwriting commissions
or discounts under the Securities Act. Discounts, concessions, commissions and similar selling
expenses, if any, that can be attributed to the sale of Securities will be paid by the Selling
Stockholder and/or the purchasers. Each Selling Stockholder has represented and warranted to the
Company that it acquired the securities subject to this Registration Statement in the ordinary
course of such Selling Stockholder’s business and, at the time of its purchase of such securities
such Selling Stockholder had no agreements or understandings, directly or indirectly, with any
person to distribute any such securities.

The Company has advised each Selling Stockholder that it is the view of the Commission that it
may not use shares registered on this Registration Statement to cover short sales of Common Stock
made prior to the date on which this Registration Statement shall have been declared effective by
the Commission. If a Selling Stockholder uses this prospectus for any sale of the Common Stock, it
will be subject to the prospectus delivery requirements of the Securities Act. The Selling
Stockholders will be responsible to comply with the applicable provisions of the Securities Act and
Exchange Act, and the rules and regulations thereunder promulgated, including, without limitation,
Regulation M, as applicable to such Selling Stockholders in connection with resales of their
respective shares under this Registration Statement.

The Company is required to pay all fees and expenses incident to the registration of the
shares, but the Company will not receive any proceeds from the sale of the Common Stock. The
Company has agreed to indemnify the Selling Stockholders against certain losses, claims, damages
and liabilities, including liabilities under the Securities Act.

 

A-2

 

Annex B

HECKMANN CORPORATION
 

Selling Securityholder Notice and Questionnaire

The undersigned beneficial owner of common stock (the “Common Stock”), of Heckmann Corporation, a
Delaware corporation (the “Company”), understands that the Company has filed or intends to file
with the Securities and Exchange Commission (the “Commission”) a Registration Statement for the
registration and resale of the Registrable Securities, in accordance with the terms of the
Registration Rights Agreement, dated as of May
 _____ 
, 2008 (the “Registration Rights Agreement”),
among the Company and the Investors named therein. A copy of the Registration Rights Agreement is
available from the Company upon request at the address set forth below. All capitalized terms used
and not otherwise defined herein shall have the meanings ascribed thereto in the Registration
Rights Agreement.

The undersigned hereby provides the following information to the Company and represents and
warrants that such information is accurate:

QUESTIONNAIRE

	1.	 	Name.

	 	 	 	 	 
	 

	 	(a)
	 	Full Legal Name of Selling Securityholder
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	(b)
	 	Full Legal Name of Registered Holder (if not the same as (a) above) through
which Registrable Securities Listed in Item 3 below are held:
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	(c)
	 	Full Legal Name of Natural Control Person (which means a natural person who
directly or indirectly alone or with others has power to vote or dispose of the
securities covered by the questionnaire):
	 
	 	 	 	 
	 

	 	 	 	 

	2.	 	Address for Notices to Selling Securityholder:

 

 

 

	 	 	 
	Telephone:

	 	 
	 

	 	 

 

B-1

 

	 	 	 
	Fax:

	 	 
	 

	 	 

	 	 	 
	Contact Person:

	 	 
	 

	 	 

	3.	 	Beneficial Ownership of Registrable Securities:

Type and Principal Amount of Registrable Securities beneficially owned:
 

 

 

 

	4.	 	Broker-Dealer Status:

	 	(a)	 	Are you a broker-dealer?

Yes o       No o

	 	Note: 	 	If yes, the Commission’s staff has indicated that you should be
identified as an underwriter in the Registration Statement.

	 	(b)	 	Are you an affiliate of a broker-dealer?

Yes o       No o

	 	(c)	 	If you are an affiliate of a broker-dealer, do you certify that you bought the
Registrable Securities in the ordinary course of business, and at the time of the
purchase of the Registrable Securities to be resold, you had no agreements or
understandings, directly or indirectly, with any person to distribute the Registrable
Securities?

Yes o       No o

	 	Note:  	 	If no, the Commission’s staff has indicated that you should be
identified as an underwriter in the Registration Statement.

	5.	 	Beneficial Ownership of Other Securities of the Company Owned by the Selling Securityholder.

	 
	 	 	Except as set forth below in this Item 5, the undersigned is not the beneficial or
registered owner of any securities of the Company other than the Registrable Securities
listed above in Item 3.

Type and Amount of Other Securities beneficially owned by the Selling
Securityholder:
 

 

 

B-2

 

 

 

 

	6.	 	Relationships with the Company:

	 
	 	 	Except as set forth below, the undersigned did not hold any position or office and did not
have any other material relationship with the Company (or its predecessors or affiliates)
during the past three years.

	 
	 	 	State any exceptions here:

 

 

7. The Company has advised each Selling Stockholder that it is the view of the Commission that it
may not use shares registered on the Registration Statement to cover short sales of Common Stock
made prior to the date on which the Registration Statement is declared effective by the Commission,
in accordance with 1997 Securities and Exchange Commission Manual of Publicly Available Telephone
Interpretations Section A.65. If a Selling Stockholder uses the prospectus for any sale of the
Common Stock, it will be subject to the prospectus delivery requirements of the Securities Act.
The Selling Stockholders will be responsible to comply with the applicable provisions of the
Securities Act and Exchange Act, and the rules and regulations thereunder promulgated, including,
without limitation, Regulation M, as applicable to such Selling Stockholders in connection with
resales of their respective shares under the Registration Statement.

The undersigned agrees to promptly notify the Company of any inaccuracies or changes in the
information provided herein that may occur subsequent to the date hereof and prior to the Effective
Date for the Registration Statement.

By signing below, the undersigned consents to the disclosure of the information contained herein in
its answers to Items 1 through 6 and the inclusion of such information in the Registration
Statement and the related prospectus. The undersigned understands that such information will be
relied upon by the Company in connection with the preparation or amendment of the Registration
Statement and the related prospectus.

IN WITNESS WHEREOF the undersigned, by authority duly given, has caused this Notice and
Questionnaire to be executed and delivered either in person or by its duly authorized agent.

	 	 	 	 	 	 	 
	Dated:

	 	 
	 	Beneficial Owner:
	 	 
	 

	 	 
	 	 	 	 

	 	 	 	 	 
	 

	 	By:
	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:

Title:

 

B-3

 

PLEASE FAX A COPY OF THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE, AND RETURN THE ORIGINAL
BY OVERNIGHT MAIL, TO:

o

 

B-4

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