Document:

EX-4.6

 Exhibit 4.6 
  

 
 REGISTRATION RIGHTS AGREEMENT

 between 
 PROFRAC HOLDING
CORP. 
 and 
 THE HOLDERS PARTY
TO THIS REGISTRATION RIGHTS AGREEMENT 
 Dated as of _____________ 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	 
			
	 Section 1.1
	  	Definitions	  	 	1	 
		
	 ARTICLE II REGISTRATION RIGHTS
	  	 	4	 
	 Section 2.1
	  	Shelf Registration	  	 	4	 
	 Section 2.2
	  	Piggyback Registration	  	 	5	 
	 Section 2.3
	  	Sale Procedures	  	 	6	 
	 Section 2.4
	  	Cooperation by Holders	  	 	8	 
	 Section 2.5
	  	Restrictions on Public Sale by Holders of Registrable Securities	  	 	8	 
	 Section 2.6
	  	Expenses	  	 	9	 
	 Section 2.7
	  	Indemnification	  	 	9	 
	 Section 2.8
	  	Transfer or Assignment of Registration Rights	  	 	11	 
	 Section 2.9
	  	Transfer Restrictions	  	 	11	 
	 Section 2.10
	  	Aggregation of Registrable Securities	  	 	12	 
		
	 ARTICLE III MISCELLANEOUS
	  	 	12	 
			
	 Section 3.1
	  	Communications	  	 	12	 
	 Section 3.2
	  	Successors and Assigns	  	 	13	 
	 Section 3.3
	  	Assignment of Rights	  	 	13	 
	 Section 3.4
	  	Recapitalization (Exchanges, etc. Affecting the Common Stock)	  	 	13	 
	 Section 3.5
	  	Enforcement	  	 	13	 
	 Section 3.6
	  	Counterparts	  	 	13	 
	 Section 3.7
	  	Governing Law, Submission to Jurisdiction	  	 	13	 
	 Section 3.8
	  	Waiver of Jury Trial	  	 	14	 
	 Section 3.9
	  	Severability of Provisions	  	 	14	 
	 Section 3.10
	  	Entire Agreement	  	 	14	 
	 Section 3.11
	  	Amendment	  	 	14	 
	 Section 3.12
	  	No Presumption Against the Drafting Party	  	 	14	 
	 Section 3.13
	  	Interpretation	  	 	15	 

  

  
 i 

 REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”), is made and entered into as of ________________________, between
ProFrac Holding Corp., a Delaware corporation (the “Company”), and the holders set forth on the signature page hereto (the “Holders”). 

WHEREAS, on the date hereof, the Company closed the initial public offering (the “IPO”) of its shares of Class A common
stock, par value $0.01 per share (“Common Stock”); 
 WHEREAS, pursuant to that certain
Pre-IPO Reorganization Agreement dated as of November [•], 2021 (the “Reorganization Agreement”), by and among ProFrac Holdings, LLC, a Texas limited liability company and an Affiliate
(as defined below) of the Company (“ProFrac Holdings”), Eagleton Ventures, Inc., a Texas corporation (“Eagleton”), and the other parties thereto, the Company and Eagleton will enter into a registration rights
agreement on the closing date of the IPO; and 
 WHEREAS, as contemplated by that certain Purchase and Sale Agreement dated as of
November 17, 2021 (the “Purchase Agreement”), by and among ProFrac Holdings and the Sellers named therein (the “Munger Sellers”), the Company has agreed to let the Munger Sellers join this Agreement as
additional Holders. 
 NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by each party hereto, the parties hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.1 Definitions. The terms set forth below are used herein as so defined: 

“Affiliate” means, with respect to any Person, any other Person that directly, or indirectly through one or more
intermediaries, controls, is controlled by, or is under common control with, such first Person. 
 “Agreement” has the
meaning specified therefor in the introductory paragraph. 
 “Automatic Shelf Registration Statement” means an
“automatic shelf registration statement” as defined in Rule 405 promulgated under the Securities Act. 
 “Business
Day” means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by Law to be closed in The City of New York. 

“Commission” means the United States Securities and Exchange Commission. 

“Common Stock” has the meaning specified therefor in the Recitals of this Agreement. 

  
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 “Company” has the meaning specified therefor in the introductory paragraph
of this Agreement. 
 “control” means the possession, direct or indirect, of the power to direct or cause the direction of
the management and policies of a Person, whether through the ownership of voting securities, by contract, or otherwise. 

“Eagleton” has the meaning specified therefor in the Recitals of this Agreement. 

“Effective Date” means the date of effectiveness of a Shelf Registration Statement filed pursuant to
Section 2.1(a). 
 “Effectiveness Period” has the meaning specified therefor in Section 2.1(a).

 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations of
the Commission promulgated thereunder. 
 “Filing Date” has the meaning specified therefore in Section 2.1(a).

 “Governmental Authority” means any foreign, domestic, supranational, federal, territorial, state or local governmental
entity, quasi-governmental entity, court, tribunal, judicial or arbitral body, commission, board, bureau, agency or instrumentality, or any regulatory, administrative or other department, agency, or any political or other subdivision, department or
branch of any of the foregoing. 
 “Holder” means Eagleton, any Munger Seller or any owner of Registrable Securities to
whom Eagleton or such Munger Seller has transferred Registrable Securities and made an assignment of its rights under this Agreement pursuant to Section 2.8. 

“Included Registrable Securities” has the meaning specified therefor in Section 2.2(a). 

“IPO” has the meaning specified therefor in the Recitals of this Agreement. 

“Law” means any law, rule, regulation, ordinance, code, judgment, order, treaty, convention, governmental directive or other
legally enforceable requirement, U.S. or non-U.S., of any Governmental Authority, including common law. 

“Losses” has the meaning specified therefor in Section 2.7(a). 

“Managing Underwriter” means, with respect to any Underwritten Offering, the book running lead manager of such Underwritten
Offering. 
 “Munger Sellers” has the meaning specified therefor in the Recitals of this Agreement. 

“Nasdaq” means the Nasdaq Global Select Market.     

“Person” means any individual, corporation, partnership, limited liability company, limited liability partnership, syndicate,
person, trust, association, organization or other entity, including any Governmental Authority, and including any successor, by merger or otherwise, of any of the foregoing. 

  
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 “Piggyback Notice” has the meaning specified therefor in
Section 2.2(a). 
 “Piggyback Opt-Out Notice” has the meaning specified
therefor in Section 2.2(a). 
 “Piggyback Registration” has the meaning specified therefor in
Section 2.2(a). 
 “ProFrac Holdings” has the meaning specified therefor in the Recitals of this Agreement.

 “Purchase Agreement” has the meaning specified therefor in the Recitals of this Agreement. 

“Reorganization Agreement” has the meaning specified therefor in the Recitals of this Agreement. 

“Registrable Securities” means (a) the Shares and (b) any shares of Common Stock issued or issuable with respect to
the Shares by way of a stock dividend or stock split or in exchange for or upon conversion of such shares or otherwise in connection with a combination of shares, distribution, recapitalization, merger, consolidation, other reorganization or other
similar event with respect to the Common Stock. Any Registrable Security will cease to be a Registrable Security at the earliest of the following: (a) when a registration statement covering such Registrable Security has been declared
effective by the Commission and such Registrable Security has been sold or disposed of pursuant to such effective registration statement; (b) when such Registrable Security has been disposed of pursuant to any section of Rule 144 (or any
similar provision then in force) under the Securities Act; (c) when such Registrable Security is acquired by the Company or one of its subsidiaries; (d) when such Registrable Security has been sold in a private transaction in which the
transferor’s rights under this Agreement are not assigned to the transferee of such securities; and (e) as to Registrable Securities beneficially owned by a Holder, the date on which all Registrable Securities beneficially owned by such
Holder may be sold in a single sale pursuant to any section of Rule 144 under the Securities Act (or any similar provision then in force under the Securities Act) without any restriction or other requirement that must be satisfied by such Holder or
the Company (other than satisfaction of the customary requirements of the Company’s transfer agent associated with the removal of restrictive legends). 

“Registration Expenses” has the meaning specified therefor in Section 2.6(a). 

“Resale Opt-Out Notice” has the meaning specified therefor in
Section 2.1(b). 
 “Securities Act” means the Securities Act of 1933, as amended from time to time, and the
rules and regulations of the Commission promulgated thereunder. 
 “Selected Court” has the meaning specified therefore in
Section 3.7. 
 “Selling Expenses” has the meaning specified therefor in Section 2.6(a).

  
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 “Selling Holder” means a Holder who is selling Registrable Securities
pursuant to a registration statement. 
 “Shares” means (i) in the case of Eagleton, the shares of Common Stock issued
to Eagleton as a result of the transactions contemplated by the Reorganization Agreement (including the Right Agreement attached thereto), and (ii) in the case of a Munger Seller, the shares of Common Stock issued to such Munger Seller as a
result of the transactions contemplated by the Purchase Agreement (including the Right Agreement attached thereto). 
 “Shelf
Registration Statement” means a registration statement under the Securities Act that permits the public resale of the Registrable Securities from time to time as permitted by Rule 415 of the Securities Act (or any similar provision then
in force under the Securities Act). 
 “Transfer” has the meaning specified therefor in Section 2.9. 

“Underwritten Offering” means an offering (including an offering pursuant to a Shelf Registration Statement) in which
Common Stock is sold to an underwriter on a firm commitment basis for reoffering to the public or an offering that is a “bought deal” with one or more investment banks. For the avoidance of doubt, any offering or sale of Common Stock by
the Company pursuant to an “at-the-market” offering as defined in Rule 415(a)(4) of the Securities Act shall not be considered an Underwritten Offering
hereunder. 
 “WKSI” means a well-known seasoned issuer (as defined in the rules and regulations of the Commission). 

ARTICLE II 
 REGISTRATION
RIGHTS 
 Section 2.1 Shelf Registration. 

(a) Shelf Registration. As soon as practicable but in no event more than thirty (30) days following the date of this Agreement,
the Company shall use its commercially reasonable efforts to prepare and file a Shelf Registration Statement under the Securities Act covering the Registrable Securities. The Company shall use its commercially reasonable efforts to cause such Shelf
Registration Statement to become effective as promptly as practicable after the date of filing of such Shelf Registration Statement (the “Filing Date”). The Company will use its commercially reasonable efforts to cause
such Shelf Registration Statement filed pursuant to this Section 2.1(a) to be continuously effective under the Securities Act until the earliest of (i) all Registrable Securities covered by the Shelf Registration Statement have been
distributed in the manner set forth and as contemplated in such Shelf Registration Statement, (ii) there are no longer any Registrable Securities outstanding or (iii) one year from the Effective Date (the “Effectiveness
Period”). A Shelf Registration Statement filed pursuant to this Section 2.1(a) shall be on such appropriate registration form of the Commission as shall be selected by the Company. A Shelf Registration Statement when declared
effective (including the documents incorporated therein by reference) will comply as to form in all material respects with all applicable requirements of the Securities Act and the Exchange Act and will not 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, in the case of any prospectus contained in such Shelf Registration Statement,

  
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 in the light of the circumstances under which a statement is made). As soon as practicable following the
date that a Shelf Registration Statement filed pursuant to this Section 2.1(a) becomes effective, but in any event within five (5) Business Days of such date, the Company shall provide the Holders with written notice of the
effectiveness of a Shelf Registration Statement.     
 (b) Resale Registration
Opt-Out. Any Holder may deliver advance written notice (a “Resale Opt-Out Notice”) to the Company requesting that such Holder not be included in a
Shelf Registration Statement filed pursuant to Section 2.1(a). Following receipt of a Resale Opt-Out Notice from a Holder, the Company shall not be required to include the Registrable Securities of
such Holder in such Shelf Registration Statement. 
 (c) Delay Rights. Notwithstanding anything to the contrary contained herein, the
Company may delay the filing of a Shelf Registration Statement required by Section 2.1(a) and may, upon written notice to any Selling Holder whose Registrable Securities are included in the Shelf Registration Statement, suspend such
Selling Holder’s use of any prospectus which is a part of the Shelf Registration Statement (in which event the Selling Holder shall discontinue sales of the Registrable Securities pursuant to the Shelf Registration Statement) if (i) the
Company is pursuing a financing, acquisition, merger, reorganization, disposition or other similar transaction or a material event or occurrence has occurred with respect to the Company that has not been disclosed to the public and (ii) the
Company determines in good faith that the disclosure of such transaction or event at such time would be detrimental to the Company or the holders of the Common Stock; provided, however, that in no event will the Company’s
obligation to file a Shelf Registration Statement pursuant to Section 2.1(a) or a Selling Holder’s right to sell Registrable Securities be suspended for a period that exceeds an aggregate of sixty (60) days in any one hundred
eighty (180) day period. Upon disclosure of such information or the termination of the condition described above, the Company shall provide prompt notice to the Selling Holders whose Registrable Securities are included in the Shelf Registration
Statement, and shall promptly terminate any suspension of sales it has put into effect and shall take such other actions necessary or appropriate to permit registered sales of Registrable Securities as contemplated in this Agreement. 

Section 2.2 Piggyback Registration. 

(a) Participation. If (x) the Company proposes to file (A) a registration statement under the Securities Act providing for
the public offering of Common Stock, for its own account or for the account of a selling stockholder (other than a Holder pursuant to this Agreement), excluding a registration statement on Form S-4 or Form S-8 promulgated under the Securities Act (or any successor forms thereto), a registration statement for the sale of Common Stock issued upon conversion of debt securities, a registration statement for sale to the
public in an Underwritten Offering, or any form not available for registering the Registrable Securities for sale to the public, or (B) a prospectus supplement to an effective Shelf Registration Statement, so long as the Company is a WKSI at
such time, and (y) a Holder’s Registrable Securities shall not have been included in a Registration Statement pursuant to Section 2.1(a), then the Company will notify such Holder of the proposed filing and afford such Holder an
opportunity to include all or any part of the Registrable Securities then held by such Holder (the “Included Registrable Securities”) that may properly be offered on such registration statement (a “Piggyback
Registration”); provided, however, that the Company may at any time withdraw or cease 

  
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 proceeding with any such registration if it shall at the same time withdraw or cease proceeding with the
registration of all other equity securities originally proposed to be registered. Each Holder of Registrable Securities agrees that the fact that such a notice has been delivered shall constitute confidential information and such Holder agrees not
to disclose that such notice has been delivered or effect any public sale or distribution of Common Stock until the earlier of (i) the date that the applicable registration statement or prospectus supplement has been filed with the Commission
and (ii) twenty (20) days after the date of such notice. Each Holder desiring to include in such Piggyback Registration all or part of such Registrable Securities held by such Holder that may be included in such Piggyback Registration shall,
within three (3) Business Days after receipt of the above-described notice from the Company in the case of a filing of a registration statement and within two (2) Business Days after the day of receipt of the above-described notice from
the Company in the case of a filing of a prospectus supplement to an effective Shelf Registration Statement with respect to a Piggyback Registration, so notify the Company in writing (such notice, a “Piggyback Notice”), and
in such notice shall inform the Company of the number of Registrable Securities such Holder wishes to include in such Piggyback Registration and provide the Company with such information with respect to such Holder as shall be reasonably necessary
in order to assure compliance with federal and applicable state securities Laws. If no request for inclusion from a Holder is received within the time period specified in this Section 2.2(a), such Holder shall have no further right to
participate in such Piggyback Registration. . 
 Section 2.3 Sale Procedures. In connection with its obligations under
this Article II, the Company will, as promptly as practicable: 
 (a) subject to Section 2.1(c), prepare and file with the
Commission such amendments and supplements to the Shelf Registration Statement and the prospectus used in connection therewith as may be necessary to keep a Shelf Registration Statement effective for the Effectiveness Period and as may be necessary
to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by a Shelf Registration Statement; 

(b) furnish to each Selling Holder (i) as far in advance as reasonably practicable before filing a Shelf Registration Statement or any
other registration statement contemplated by this Agreement or any supplement or amendment thereto (other than any amendment or supplement resulting from the filing of a document incorporated by reference therein), upon request, copies of reasonably
complete drafts of all such documents proposed to be filed (excluding exhibits and any document incorporated by reference therein), and provide each such Selling Holder the opportunity to object to any information pertaining to such Selling Holder
and its plan of distribution that is contained therein and make the corrections reasonably requested by such Selling Holder with respect to such information prior to filing such Shelf Registration Statement or such other registration statement and
the prospectus included therein or any such supplement or amendment thereto, and (ii) such number of copies of such Shelf Registration Statement or such other registration statement and the prospectus included therein and any such supplements
and amendments thereto as such Persons may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities covered by such Shelf Registration Statement or any other registration statement; 

  
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 (c) if applicable, use its commercially reasonable efforts to register or qualify the
Registrable Securities covered by a Shelf Registration Statement or any other registration statement contemplated by this Agreement under the securities or blue sky laws of such jurisdictions as the Selling Holders shall reasonably request, provided
that the Company will not be required to qualify generally to transact business in any jurisdiction where it is not then required to so qualify or to take any action which would subject it to general service of process in any such jurisdiction where
it is not then so subject; 
 (d) promptly notify each Selling Holder, at any time when a prospectus relating thereto is required to be
delivered under the Securities Act, of (i) the filing of a Shelf Registration Statement or any other registration statement contemplated by this Agreement or any prospectus included therein or any amendment or supplement thereto (other than any
amendment or supplement resulting from the filing of a document incorporated by reference therein), and, with respect to such Shelf Registration Statement or any other registration statement or any post-effective amendment thereto, in each case
other than an Automatic Shelf Registration Statement, when the same has become effective; and (ii) the receipt of any written comments from the Commission with respect to any filing referred to in clause (i) and any written request by the
Commission for amendments or supplements to such Shelf Registration Statement or any other registration statement or any prospectus or prospectus supplement thereto; 

(e) immediately notify each Selling Holder, at any time when a prospectus relating thereto is required to be delivered under the Securities
Act, of (i) the happening of any event as a result of which the prospectus contained in a Shelf Registration Statement or any other registration statement contemplated by this Agreement or any supplemental amendment thereto, includes an untrue
statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing; (ii) the issuance or threat of issuance
by the Commission of any stop order suspending the effectiveness of such Shelf Registration Statement or any other registration statement contemplated by this Agreement, or the initiation of any proceedings for that purpose; or (iii) the
receipt by the Company of any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the applicable securities or blue sky laws of any jurisdiction. Following the provision of such notice but
subject to Section 2.1(c), the Company agrees to as promptly as practicable amend or supplement the prospectus or prospectus supplement or take other appropriate action so that the prospectus or prospectus supplement does not include 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 in the light of the circumstances then existing and to take such other action as is
necessary to remove a stop order, suspension, threat thereof or proceedings related thereto; 
 (f) otherwise use its commercially
reasonable efforts to comply with all applicable rules and regulations of the Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve (12) months
beginning after the Effective Date of such registration statement, which earnings statement shall satisfy the provisions of Section l1(a) of the Securities Act and Rule 158 promulgated thereunder; 

  
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 (g) cause all such Registrable Securities registered pursuant to this Agreement to be listed
on each securities exchange or nationally recognized quotation system on which similar securities issued by the Company are then listed; provided, that nothing herein shall prevent the Company from consummating a transaction in which the
Common Stock ceases to be listed on a securities exchange; 
 (h) use its commercially reasonable efforts to cause the Registrable
Securities to be registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Company to enable the Selling Holders to consummate the disposition of such
Registrable Securities; 
 (i) provide a transfer agent and registrar for all Registrable Securities covered by such registration statement
not later than the Effective Date; and 
 (j) if reasonably requested by a Selling Holder, (i) incorporate in a prospectus supplement
or post-effective amendment such information as such Selling Holder reasonably requests to be included therein relating to the sale and distribution of Registrable Securities by such Selling Holder, including information with respect to the number
of Registrable Securities being offered or sold, the purchase price being paid therefor and any other terms of the offering of the Registrable Securities to be sold in such offering; and (ii) make all required filings of such prospectus
supplement or post-effective amendment after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment. 

Each Selling Holder, upon receipt of notice from the Company of the happening of any event of the kind described in subsection (e) of
this Section 2.3, shall forthwith discontinue disposition of the Registrable Securities until such Selling Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by subsection (e) of this
Section 2.3 or until it is advised in writing by the Company that the use of the prospectus may be resumed, and has received copies of any additional or supplemental filings incorporated by reference in the prospectus, and, if so
directed by the Company, such Selling Holder will deliver to the Company (at the Company’s expense) all copies in its possession or control, other than permanent file copies then in such Selling Holder’s possession, of the prospectus and
any prospectus supplement covering such Registrable Securities current at the time of receipt of such notice. 
 Section 2.4
Cooperation by Holders. The Company shall have no obligation to include Registrable Securities of a Holder in the Shelf Registration Statement under Article II of this Agreement if such Selling Holder has failed to timely furnish such
information that the Company determines, after consultation with its counsel, is reasonably required in order for the registration statement or prospectus supplement, as applicable, to comply with the Securities Act. 

Section 2.5 Restrictions on Public Sale by Holders of Registrable Securities. In the event of an Underwritten Offering, if
requested by a Managing Underwriter, each Holder of Registrable Securities hereby agrees, and shall cause any directors, officers and Affiliates of such Holder to agree, to be bound by reasonable and customary “lock up” agreements with
such Managing Underwriters restricting the ability to dispose of the Common Stock, directly or indirectly, during the period requested by the Managing Underwriter; provided, however, that such period shall in no event be greater than that
which applies to executive officers and directors of 

  
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 the Company. In order to enforce the foregoing covenant, the Company shall have the right to impose stop
transfer instructions with respect to the Registrable Securities and such other securities of each Holder (and the securities of every other Person subject to the foregoing restriction) until the end of such period. 

Section 2.6 Expenses. 

(a) Certain Definitions. “Registration Expenses” means all expenses incident to the Company’s performance under
or compliance with this Agreement to effect the registration of Registrable Securities in a Shelf Registration Statement pursuant to Section 2.1 or a Piggyback Registration pursuant to Section 2.2, and the disposition of such
securities, including, without limitation, all registration, filing, securities exchange listing and Nasdaq fees, all registration, filing, qualification and other fees and expenses of complying with securities or blue sky laws, fees of the
Financial Industry Regulatory Authority, fees of transfer agents and registrars, all word processing, duplicating and printing expenses, the fees and disbursements of counsel and independent public accountants for the Company, including the expenses
of any special audits or “comfort” letters required by or incident to such performance and compliance. Except as otherwise provided in Section 2.7, the Company shall not be responsible for legal fees or disbursements incurred
by Holders in connection with the exercise of such Holders’ rights hereunder. In addition, the Company shall not be responsible for any “Selling Expenses,” which means all underwriting fees, discounts and selling commissions or
broker or similar commissions or fees, and transfer taxes allocable to the sale of the Registrable Securities. 
 (b) Expenses. The
Company will pay all reasonable Registration Expenses in connection with a Shelf Registration Statement or a Piggyback Registration, whether or not any sale is made pursuant to such Shelf Registration Statement or Piggyback Registration. Each
Selling Holder shall pay all Selling Expenses in connection with any sale of its Registrable Securities hereunder. 

Section 2.7 Indemnification. 

(a) By the Company. In the event of a registration of any Registrable Securities under the Securities Act pursuant to this Agreement,
the Company will indemnify and hold harmless each Selling Holder thereunder, its directors, officers and agents and each Person, if any, who controls such Selling Holder within the meaning of the Securities Act and the Exchange Act, and its
directors, officers and agents, against any losses, claims, damages, expenses or liabilities (including reasonable attorneys’ fees and expenses) (collectively, “Losses”), joint or several, to which such Selling Holder or
controlling Person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Losses (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon any untrue
statement or alleged untrue statement of any material fact (in the case of any prospectus, in light of the circumstances under which such statement is made) contained in the Shelf Registration Statement or any other registration statement
contemplated by this Agreement, any preliminary prospectus or final prospectus contained therein, or any free writing prospectus related thereto, or any amendment or supplement thereof, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus, in light of the circumstances under which they were made) not misleading, 

  
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 and will reimburse each such Selling Holder, its directors and officers and each such controlling Person for
any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Loss or actions or proceedings; provided, however, that the Company will not be liable in any such case if and to the extent that
any such Loss arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by or on behalf of such Selling Holder expressly for inclusion in the Shelf
Registration Statement or such other registration statement, or prospectus supplement, as applicable. 
 (b) By Each Selling Holder.
Each Selling Holder agrees to, severally and not jointly, indemnify and hold harmless the Company, its directors, officers and agents and each Person, if any, who controls the Company within the meaning of the Securities Act or of the Exchange Act
to the same extent as the foregoing indemnity from the Company to the Selling Holders, but only with respect to information furnished in writing by or on behalf of such Selling Holder expressly for inclusion in the Shelf Registration Statement or
prospectus supplement relating to the Registrable Securities, or any amendment or supplement thereto. 
 (c) Notice. Promptly after
receipt by an indemnified party hereunder of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party hereunder, notify the indemnifying party in writing
thereof, but the omission so to notify the indemnifying party shall not relieve it from any liability which it may have to any indemnified party other than under this Section 2.7(c) except to the extent that the indemnifying party is materially
prejudiced by such failure. In any action brought against any indemnified party, it shall notify the indemnifying party of the commencement thereof. The indemnifying party shall be entitled to participate in and, to the extent it shall wish, to
assume and undertake the defense thereof with counsel reasonably satisfactory to such indemnified party and, after notice from the indemnifying party to such indemnified party of its election so to assume and undertake the defense thereof, the
indemnifying party shall not be liable to such indemnified party under this Section 2.7(c) for any legal expenses subsequently incurred by such indemnified party in connection with the defense thereof other than reasonable costs of
investigation and of liaison with counsel so selected; provided, however, that, (i) if the indemnifying party has failed to assume the defense and employ counsel or (ii) if the defendants in any such action include both the
indemnified party and the indemnifying party and counsel to the indemnified party shall have concluded that there may be reasonable defenses available to the indemnified party that are different from or additional to those available to the
indemnifying party, or if the interests of the indemnified party reasonably may be deemed to conflict with the interests of the indemnifying party, then the indemnified party shall have the right to select a separate counsel and to assume such legal
defense and otherwise to participate in the defense of such action, with the reasonable expenses and fees of such separate counsel and other reasonable expenses related to such participation to be reimbursed by the indemnifying party as incurred.
Notwithstanding any other provision of this Agreement, the indemnifying party shall not settle any indemnified claim without the consent of the indemnified party, unless the settlement thereof imposes no liability or obligation on, includes a
complete release from liability of, and does not contain any admission of wrong doing by, the indemnified party. 

  
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 (d) Contribution. If the indemnification provided for in this Section 2.7
is held by a court or government agency of competent jurisdiction to be unavailable to the Company or any Selling Holder or is insufficient to hold them harmless in respect of any Losses, then each such 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 Company on the one hand and of such Selling Holder
on the other in connection with the statements or omissions which resulted in such Losses, as well as any other relevant equitable considerations. The relative fault of the Company on the one hand and each Selling Holder on the other shall be
determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact has been made by, or relates to, information supplied by such party, and
the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be just and equitable if contributions pursuant to this paragraph were
to be determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the first sentence of this paragraph. The amount paid by an indemnified party as a result of the
Losses referred to in the first sentence of this paragraph shall be deemed to include any legal and other expenses reasonably incurred by such indemnified party in connection with investigating or defending any Loss which is the subject of this
paragraph. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to indemnification or contribution from any Person who is not guilty of such fraudulent misrepresentation.

 (e) Other Indemnification. The provisions of this Section 2.7 shall be in addition to any other rights to
indemnification or contribution which an indemnified party may have pursuant to law, equity, contract or otherwise. 

Section 2.8 Transfer or Assignment of Registration Rights. The right to cause the Company to register Registrable
Securities granted to Eagleton and the Munger Sellers by the Company under this Article II may be transferred or assigned by Eagleton and the Munger Sellers, respectively, only to one or more transferee(s) or assignee(s) of such Registrable
Securities that is an Affiliate of Eagleton or the Munger Sellers, as applicable. The Company shall be given written notice prior to any such transfer or assignment, stating the name and address of each such transferee and identifying the securities
with respect to which such registration rights are being transferred or assigned, and each such transferee shall assume in writing responsibility for its obligations under this Agreement. 

Section 2.9 Transfer Restrictions. Without the prior written approval of the Company, no Holder shall, directly or
indirectly, sell, offer or agree to sell, or otherwise transfer, or loan or pledge (other than a pledge in connection with a bona fide third party debt financing), through swap or hedging transactions, or grant any option to purchase, make any short
sale or otherwise dispose of (“Transfer”) any Shares to (a) any Person whose business directly and substantially competes with the business of the Company or (b) any Person who after giving effect to such Transfer and, to
the Transferring Holder’s knowledge, would own 5.0% or more of the outstanding shares of Common Stock (other than any Person entitled to file a Schedule 13G with respect to the Common Stock pursuant to Rule
13d-1(b)(1) under the Exchange Act); provided, however, that this Section 2.9 shall not apply to (A) a transfer to an Affiliate of such Holder or (B) any Transfer effected through
an open market transaction in which the transferee’s identity is not known to such Holder. Any attempt to Transfer any Shares in violation of this Section 2.9 shall be null and void ab initio and no right, title or interest therein
or thereto shall be Transferred to the purported Transferee. The Company will not give, and will not permit the Company’s transfer agent to give, any effect to such attempted Transfer on its records. 

  
 11 

 Section 2.10 Aggregation of Registrable Securities. All Registrable
Securities held or acquired by Persons who are Affiliates of one another shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 

ARTICLE III 

MISCELLANEOUS 

Section 3.1 Communications. All notices and demands provided for hereunder shall be in writing and shall be given by
registered or certified mail, return receipt requested, e-mail, air courier guaranteeing overnight delivery or personal delivery. Such notices and communications shall be sent to the Company at the address set
forth below (with copies sent at the address set forth below) or at such address or to the attention of such other Person as the Company has specified by prior written notice to the Holders. Such notices and communications shall be sent to any
Holder at the address set forth on the signature page to this Agreement or at such address or to the attention of such other Person as the Holder has specified by prior written notice to the Company, or if to a transferee of a Holder, to the
transferee at the address provided pursuant to Section 2.8. 
 If to the Company: 

ProFrac Holding Corp. 
 333
Shops Boulevard, Suite 301 
 Willow Park, Texas 76087 

Attention: Robert Willette 
 E-mail: [•] 
 with a copy (which shall not constitute notice) to: 

Vinson & Elkins LLP 

1001 Fannin Street 
 Suite 2500

 Houston, Texas 77002 

Attention: Michael S. Telle 

                  Scott D. Rubinsky 

E-mail:      mtelle@velaw.com 

                  srubinsky@velaw.com 

All notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; upon actual receipt if sent by
certified or registered mail, return receipt requested, or regular mail, if mailed; upon actual receipt if sent via e-mail; and upon actual receipt when delivered to an air courier guaranteeing overnight
delivery. 

  
 12 

 Section 3.2 Successors and Assigns. This Agreement shall inure to the
benefit of and be binding upon the successors and assigns of each of the parties, including subsequent Holders of Registrable Securities to the extent permitted herein. 

Section 3.3 Assignment of Rights. All or any portion of the rights and obligations of Eagleton or a Munger Seller under
this Agreement may be transferred or assigned by Eagleton or such Munger Seller in accordance with Section 2.8. 

Section 3.4 Recapitalization (Exchanges, etc. Affecting the Common Stock). The provisions of this Agreement shall apply to
the full extent set forth herein with respect to any and all shares of capital stock of the Company or any successor or assign of the Company (whether by merger, consolidation, sale of assets or otherwise) which may be issued in respect of, in
exchange for or in substitution of, the Registrable Securities, and shall be appropriately adjusted for combinations, recapitalizations and the like occurring after the date of this Agreement. 

Section 3.5 Enforcement. The parties hereto agree that irreparable damage would occur in the event that any of the
provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. Accordingly, each of the parties shall be entitled to specific performance of the terms hereof, including an injunction or
injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in the Selected Courts, this being in addition to any other remedy to which such party is entitled at law or in equity. Each of
the parties hereby further waives (a) any defense in any action for specific performance that a remedy at law would be adequate and (b) any requirement under any law to post security as a prerequisite to obtaining equitable relief. 

Section 3.6 Counterparts. This Agreement may be executed in two or more counterparts (including by means of facsimile and
electronically transmitted portable document format (pdf) signature pages), all of which shall be considered one and the same instrument and shall become effective when one or more counterparts have been signed by each of the parties and delivered
to the other party. 
 Section 3.7 Governing Law, Submission to Jurisdiction. This Agreement and all disputes or
controversies arising out of or relating to this Agreement or the transactions contemplated hereby shall be governed by, and construed in accordance with, the internal laws of the State of Delaware, without regard to the laws of any other
jurisdiction that might be applied because of the conflicts of laws principles of the State of Delaware. Each of the parties irrevocably agrees that any legal action or proceeding arising out of or relating to this Agreement brought by any party or
its successors or assigns against the other party shall be brought and determined in the Court of Chancery of the State of Delaware (or, only if such court declines to accept jurisdictions over a particular matter, then in the United States District
Court for the District of Delaware, or, if jurisdiction is not then available in the United States District Court for the District of Delaware (but only in such event), then in any court sitting of the State of Delaware in New Castle County) and any
appellate court from any of such courts (in any case, the “Selected Court”), and each of the parties hereby irrevocably submits to the exclusive jurisdiction of the Selected Courts for itself and with respect to its property,
generally and unconditionally, with regard to any such action or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. Each of the parties agrees not to commence any action, suit or

  
 13 

 
proceeding relating thereto except in the Selected Courts, other than actions in any court of competent jurisdiction to enforce any judgment, decree or award rendered by any such court in
Delaware as described herein. Each of the parties further agrees that notice as provided herein shall constitute sufficient service of process and the parties further waive any argument that such service is insufficient. Each of the parties hereby
irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any action or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby,
(a) any claim that it is not personally subject to the jurisdiction of the Selected Courts as described herein for any reason, (b) that it or its property is exempt or immune from jurisdiction of any such court or from any legal process
commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (c) that (i) the suit, action or proceeding in any such court is
brought in an inconvenient forum, (ii) the venue of such suit, action or proceeding is improper or (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such courts. 

Section 3.8 Waiver of Jury Trial. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 3.9 Severability of Provisions. Whenever possible, each provision or portion of any provision of this Agreement
shall be interpreted in such manner as to be effective and valid under applicable Law, but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable Law or rule
in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or portion of any provision in such jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction as if such
invalid, illegal or unenforceable provision or portion of any provision had never been contained herein. 
 Section 3.10
Entire Agreement. This Agreement, the Reorganization Agreement and the Purchase Agreement constitute the entire agreement, and supersede all prior written agreements, arrangements, communications and understandings and all prior and
contemporaneous oral agreements, arrangements, communications and understandings between the parties with respect to the subject matter hereof and thereof. 

Section 3.11 Amendment. This Agreement may not be amended, modified or supplemented in any manner, whether by course of
conduct or otherwise, except by an instrument in writing specifically designated as an amendment hereto, signed on behalf of the Company and the Holder(s) of a majority of the Registrable Securities. 

Section 3.12 No Presumption Against the Drafting Party. The Company, Eagleton and the Munger Sellers acknowledge that each
party to this Agreement has been represented by legal counsel in connection with this Agreement and the transactions contemplated by this Agreement. Accordingly, any rule of law or any legal decision that would require interpretation of any claimed
ambiguities in this Agreement against the drafting party has no application and is expressly waived. 

  
 14 

 Section 3.13 Interpretation. When a reference is made in this Agreement
to a Section or Article such reference shall be to a Section or Article of this Agreement unless otherwise indicated. The table of contents and headings contained in this Agreement are for convenience or reference purposes only and shall not affect
in any way the meaning or interpretation of this Agreement. All words used in this Agreement will be construed to be of such gender or number as the circumstances require. The word “including” and words of similar import when used in this
Agreement will mean “including, without limitation,” unless otherwise specified. The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to the
Agreement as a whole and not to any particular provision in this Agreement. The term “or” is not exclusive. The word “will” shall be construed to have the same meaning and effect as the word “shall.” References to days
mean calendar days unless otherwise specified. 
 [Signature page follows.] 

  
 15 

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

			
	Company:
	
	ProFrac Holding Corp.
		
	By:	 	 
	Name:	 	Dan Wilks
	Title:	 	Managers

  

			
	
		
	By:	 	 
	Name:	 	Farris Wilks
	Title:	 	Managers

 Signature Page to Registration Rights Agreement 

 
			
	 Holders:

	
	 Eagleton Ventures, Inc.

		
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	

  

			
	 Address:

	
	 
	
	 
	
	 
		
	 Telephone:
	 	 
		
	 Email:
	 	 

 Signature Page to Registration Rights Agreement 

 
			
	 CBS Munger Holdings, L.P.

		
	 By:
	 	 CBS Munger Genpar, LLC, its general partner

		
	 By:
	 	 
	Name:	 	 B. Blaine Sheppard

	Title:	 	 President

  

			
	 Address:

	
	 
	
	 
	
	 
		
	 Telephone:
	 	 
		
	 Email:
	 	 

 Signature Page to Registration Rights Agreement 

 
			
	Wilson Legacy Partners, LP
		
	By:	 	WBW Sands, LLC, its general partner
		
	By:	 	 
	Name:	 	Word B. Wilson
	Title:	 	President

  

			
	 Address:

	
	 
	
	 
	
	 
		
	 Telephone:
	 	 
		
	 Email:
	 	 

 Signature Page to Registration Rights Agreement 

 
			
	Encantar Properties, LP
		
	By:	 	Encantar Properties Management, LLC, its general partner
		
	By:	 	 
	Name:	 	Jake E. McAlister
	Title:	 	President

  

			
	 Address:

	
	 
	
	 
	
	 
		
	 Telephone:
	 	 
		
	 Email:
	 	 

 Signature Page to Registration Rights Agreement 

 
			
	 Stephen T. Goree

	
	 

  

			
	 Address:

	
	 
	
	 
	
	 
		
	 Telephone:
	 	 
		
	 Email:
	 	 

 Signature Page to Registration Rights Agreement 

 
			
	 Chris Howard

	
	 

  

			
	 Address:

	
	 
	
	 
	
	 
		
	 Telephone:
	 	 
		
	 Email:
	 	 

 Signature Page to Registration Rights AgreementEX-10.6

 Exhibit 10.6 

INDUSTRIAL LEASE 

This Industrial Lease Agreement (the “Lease”) is made this ___ day of ___________, 2022, but effective as of
___________________ ___, 202__ (the “Effective Date”) between WILKS DEVELOPMENT, LLC, a Texas limited liability company, (“Landlord”) and the Tenant named below. 

Article I. BASIC TERMS 
  

			
	Tenant	  	ProFrac Services, LLC, a Texas limited liability company
		
	Tenant’s Notice Address	  	333 Shops Blvd., St. 301, Willow Park, Texas 76087
		
	 Landlord’s Notice (and Rent Payment)

Address
	  	 c/o Wilks Development, LLC
 P.O. Box
1032, Cisco, Texas 76437

		
	Premises	  	The real property commonly known as 602 S HWY 163, together with the parking areas, landscaping, walkways, the Building, and similar improvements and easements associated with the foregoing or operation thereof, as described
on Exhibit A
		
	Building	  	Approximately 6,000 square feet of office space, approximately 9,200 square feet for shop space, approximately 800 square feet for storage space, and approximately 5,292 square feet for truck wash space
for a total rentable square footage of 21,292 
		
	Lease Term	  	Beginning on the Commencement Date and ending on ________________ ___, 2032. 
		
	Commencement Date	  	Effective Date of this Lease
		
	Permitted Uses	  	General office, administration, distribution, truck wash, and warehouse use; provided, however, Tenant shall not use the Premises in a manner inconsistent with the uses permitted by the applicable zoning code, and in no event shall
manufacturing be permitted.

  
 Industrial Lease 

Page 1 of 22 

 Article II. LEASE TERM 

Section 2.01 Lease of Premises for Lease Term; Renewal Term 

Landlord hereby leases the Premises to Tenant and Tenant leases the Premises from Landlord for the Lease Term. Tenant, upon notice to Landlord not less than
sixty (60) days prior to the expiration of the Lease Term, shall have the right to renew the Lease Term for an additional term of ten (10) years (“Renewal Term”), commencing on the day after the end of the Lease Term, at market
rate and mutually acceptable by both parties. 
 Section 2.02 Delivery. 

If for any reason Landlord cannot deliver possession of the Premises to Tenant on the Commencement Date, Landlord will not be subject to any liability, nor
will the failure affect the validity of this Lease or the obligations of Tenant or extend the Lease Term. But if such a delay occurs, Tenant will not be obligated to pay Rent until possession of the Premises is tendered to Tenant. However, if
Landlord does not deliver possession of the Premises within ninety (90) days after the Commencement Date, Tenant may, at Tenant’s option, by notice in writing to Landlord within ten (10) days, cancel this Lease. If Landlord does not
deliver possession of the Premises within one hundred twenty (120) days after the Commencement Date, Landlord may, by notice in writing to Tenant within ten (10) days, cancel the Lease. If either party cancels the Lease, Landlord will
return any moneys previously deposited by Tenant, and the parties will be discharged from all obligations hereunder, except those provided to survive termination. 

Article III. RENT 
 Section 3.01
Base Rent. 
 Tenant shall pay to Landlord during the Term the following sum, in equal monthly installment, each in advance, without demand, offset or
deduction, on the first day of each month during the Term. Upon the execution of this Lease, Tenant shall pay Landlord the amount of $___________ as rent for the first month of the Lease Term. The first payment to be made upon execution of this
Lease by Tenant will be applied by Landlord for the rental for the first month of the Term. Rent for any period during the Lease Term that is for less than one month will be a prorated portion of the monthly installment. Rent will be payable without
notice or demand and without any deduction, offset, or abatement in U.S. currency to Landlord at the address stated in Article 1 or to other persons or at other places as Landlord may designate in writing. 

 

															
	 Lease Month(s)
	  	Type of Space	  	Square
Feet (SF)	 	  	Annual
Rental
per SF	 	  	Monthly
Rental	 
	 1 - 12
	  	Conditioned	  	 	_____ SF	 	  	$	____/SF	 	  	$	_______	 
	  	Unconditioned	  	 	_____ SF	 	  	$	____/SF	 	  	$	_______	 
	 Total
	  
	  	$	_______	 
	 13 - 24
	  	Conditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	  	Unconditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	 Total
	  
	  	$	_______	 
	 25 - 36
	  	Conditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	  	Unconditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	 Total
	  
	  	$	_______	 

  
 Industrial Lease 

Page 2 of 22 

			                        			                        				                        				                        	
	 37 - 48
	  	Conditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	  	Unconditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	 Total
	  
	  	$	_______	 
	 49 – 60
	  	Conditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	  	Unconditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	 Total
	  
	  	$	_______	 
	 61 - 72
	  	Conditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	  	Unconditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	 Total
	  
	  	$	_______	 
	 73 - 84
	  	Conditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	  	Unconditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	 Total
	  
	  	$	_______	 
	 85 - 96
	  	Conditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	  	Unconditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	 Total
	  
	  	$	_______	 
	 97 - 108
	  	Conditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	  	Unconditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	 Total
	  
	  	$	_______	 
	 109-120
	  	Conditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	  	Unconditioned	  	 	_____ SF	 	  	$	____ /SF	 	  	$	_______	 
	 Total
	  
	  	$	_______	 

 Section 3.02 Additional Rent. 

All sums payable by Tenant under this Lease or otherwise due by Tenant under this Lease, other than Base Rent, are “Additional Rent”;
the term “Rent” includes both Base Rent and Additional Rent. Tenant shall pay applicable sales tax on all Rent paid to Landlord hereunder. 

Additional Rent includes, but is not limited to, Real Estate Charges and Insurance Expenses, as defined herein below. Landlord shall receive the Additional
Rent set forth herein, free and clear of any and all expenses, costs, impositions, taxes, assessments, liens or charges, of any nature whatsoever. The initial annual nets for Real Estate Charges and Insurances Expenses are estimated at $_____/SF.
Tenant acknowledges and understands that this amount is an estimate only and subject to change as provided herein. 
 “Real Estate
Charges” shall include ad valorem taxes, general and special assessments, parking surcharges, fees imposed by any property owner’s or civic association, any tax or excise on rents, any tax or charge for governmental services (such
as street maintenance or fire protection) and any tax or charge which replaces any of such above-described “Real Estate Charges”; provided, however, that “Real Estate Charges” shall not be
deemed to include any franchise (except as set forth below), estate, inheritance or general income tax; provided, further, that the immediately preceding exclusions notwithstanding, Real 

  
 Industrial Lease 

Page 3 of 22 

 
Estate Charges shall in any event include the so-called “margin tax” imposed as a result of Texas House Bill 3 signed in to law on or about
May 18, 2006, and thereafter codified in Chapter 171 of the Texas Tax Code, as same may have been heretofore and/or may hereafter be amended, supplemented or superseded, as well as any other tax, no matter how same is formulated, which is
assessed on account of, attributed to or measured by or based upon, in whole or in part, Landlord’s rent or other charges or prorations payable under this Lease. If, at any time during the Lease Term, the present method of taxation or
assessment shall be changed such that the whole or any part of the taxes, assessments, levies, impositions or charges now levied, assessed or imposed on real estate and the improvements thereon shall be discontinued and, as a substitute therefor, or
in lieu of and/or in addition thereto, taxes, assessments, levies, impositions or charges shall be levied, assessed and/or imposed wholly or partially as a capital levy or otherwise on the rents received herein or any part thereof, then such
substitute or additional taxes, assessments, levies, impositions or charges, to the extent so levied, assessed or imposed, shall be deemed to be included within Real Estate Charges. “Insurance Expenses” shall include all
premiums and other expenses incurred by Landlord for liability insurance, fire and extended coverage property insurance, loss of rents insurance, and such other insurance as may be reasonable and necessary for the leased Premises, as Landlord shall
determine in its sole discretion (plus whatever endorsements or special coverages which Landlord, in Landlord’s sole discretion may consider appropriate). In the event Landlord carries such insurance under a blanket policy or policies, Tenant
shall pay the portion of the cost of such policy or policies equitably allocated by Landlord to the leased Premises. 
 Section 3.03 Interest.

 Any Rent or other amount due to Landlord, if not paid within five (5) days following the date when due, will bear interest from the date due
until paid at the rate of 18% per annum, but not to exceed the highest rate legally permitted. 
 Section 3.04 Late Charge. 

If any installment of Rent or any other sums due from Tenant is not received by Landlord within five (5) days following the due date, Tenant will pay to
Landlord a late charge equal to 5% of such overdue amount. A fifty dollar ($50) fee will be assessed for any returned checks and all late charges and interest will apply until certified funds are received, and the Tenant’s account is in good
standing. Notwithstanding the foregoing, the late fee referenced herein shall not be charged with respect to the first occurrence during any 12-month period that Tenant fails to make payment within three
(3) business days of the due date, and shall not be due until five (5) days after Landlord delivers written notice of such delinquency to Tenant. The parties hereby agree that such late charge represents a fair and reasonable estimate of
the costs Landlord will incur by reason of late payment by Tenant. 
 Section 3.05 Security Deposit. 

Contemporaneously with Tenant’s execution and delivery of this Lease, Tenant shall deposit with Landlord $________ which will thereafter remain on deposit
with Landlord as the security deposit to be held and disbursed pursuant hereto.
 Tenant acknowledges its obligation to deposit with Landlord the sum stated
in Section 3.05 above, to be held by Landlord without interest as security for the performance by Tenant of Tenant’s covenants and obligations under this Lease. Tenant agrees that such deposit may be
co-mingled with Landlord’s other funds, need not be deposited in an interest-bearing account and is not an advance payment of Rent or a measure of Landlord’s damages in case of an event of default by
Tenant hereunder. Upon the occurrence 

  
 Industrial Lease 

Page 4 of 22 

 
of any event of default by Tenant hereunder, Landlord may, from time to time, without prejudice to any other remedy provided herein or provided by law, use such deposit fund to the extent
necessary to make good any arrears of Rent and any other damage, injury, expense or liability caused to Landlord by such event of default, and Tenant shall pay to Landlord, within ten (10) days of Tenant’s receipt of Landlord’s
written demand, the amount so applied in order to restore the security deposit to its original amount. If Tenant is not then in default hereunder, any remaining balance of such deposit shall be returned by Landlord to Tenant following termination of
this Lease. 
 Article IV. Intentionally Deleted. 

Article V. UTILITIES 

Section 5.01 Utilities. 
 Tenant shall pay for all
water, gas, heat, light, power, telephone, trash and other utilities and services supplied to the Premises, together with any taxes. If any of those services are not separately metered to Tenant, Tenant will pay a reasonable proportion to be
determined by Landlord of all charges jointly metered with other portions of the Premises. If these charges remain unpaid for thirty (30) days after they become due and for ten (10) days following Tenant’s receipt of written notice
thereof from Landlord, Tenant shall be in default and Landlord may exercise all remedies available to Landlord as provided in Article 12 of this Lease. Landlord agrees to pay for all other standard utilities necessary to operate the Premises,
as determined by Landlord in Landlord’s sole and absolute discretion. 
 Notwithstanding the foregoing, Landlord shall have no liability, whatsoever, in
the event of any interruption, failure or curtailment of any utilities nor shall such interruption, failure or curtailment of any utilities constitute a constructive or partial eviction. Unless otherwise approved in advance by Landlord, Tenant shall
make no change in the conduct of business in the Premises from the manner of the conduct of business in the Premises as of the Effective Date of this Lease, or install additional equipment not located on the Premises as of the Effective Date of this
Lease which would have the effect of materially increasing Tenant’s consumption of any utilities, as determined by Landlord in Landlord’s sole and absolute discretion. 

Landlord agrees to allow Tenant to install separate UPS power devices in the Premises as Tenant desires; provided, however, Landlord shall not be liable to
Tenant in the event of any failure of or damage to such power devices or for any damage or consequences resulting from or in any way related to the use of such power devices in the Premises. Tenant shall assume all costs associated with installing
and using such UPS power devices, including, but not limited to, the costs of any increase in costs to utilities serving the Premises resulting from the use and operation of such devices. 

Article VI. INSURANCE 

Section 6.01 Tenant’s Insurance. 
 Tenant, at its
expense, will maintain the following insurance coverages during the Lease Term: 
  

	 	a)	 Liability Insurance. Commercial general liability insurance insuring Tenant against liability for bodily
injury, property damage (including loss of use of property) and personal injury at the Premises, including contractual liability. Such insurance will name Landlord, its property manager (if any), any mortgagee, and such other parties as Landlord may
designate, as 

  
 Industrial Lease 

Page 5 of 22 

	 	
additional insured. The initial amount of such insurance will be One Million and No/100 Dollars ($1,000,000) per occurrence. The liability insurance obtained by Tenant under this
Section 6.01 will (i) be primary and (ii) insure Tenant’s obligations to Landlord under Section 6.04. The amount and coverage of such insurance will not limit Tenant’s liability
nor relieve Tenant of any other obligation under this Lease. 

  

	 	b)	 Worker’s Compensation Insurance. Worker’s compensation insurance in the statutory
amount (and employers’ liability insurance) covering all employees of Tenant employed or performing services at the Premises, in order to provide the statutory benefits required by the laws of the state in which the Premises are located.

  

	 	c)	 Automobile Liability Insurance. Automobile liability insurance, including, but not limited to,
passenger liability, on all owned, nonowned, and hired vehicles used in connection with the Premises, with a combined single limit per occurrence of not less than One Million Dollars ($1,000,000) for injuries or death of one or more persons or loss
or damage to property. This does not apply to personal owned vehicles for any employee, contractor, or vendor visiting the location, provided that Tenant shall indemnify and hold Landlord harmless against all claims, liabilities, judgments, demands,
causes of action, losses, damages, costs and expenses, including reasonable attorney’s fees, for damage to any property or injury to or death of any person arising from the use of any such vehicles while on the Property or in connection with
Landlord’s use of the Premises, whether owned by Landlord’s employee, contractor or vendor visiting the Property. 

  

	 	d)	 Personal Property Insurance. Personal property insurance covering leasehold improvements paid for
by Tenant and Tenant’s personal property and fixtures from time-to-time in, on, or at the Premises, in an amount not less than 100% of the full replacement cost,
without deduction for depreciation, providing protection against events protected under “All Risk Coverage,” as well as against sprinkler damage, vandalism, and malicious mischief. Any proceeds from the personal property
insurance will be used for the repair or replacement of the property damaged or destroyed, unless the Lease Term is terminated under an applicable provision herein. If the Premises are not repaired or restored in accordance with this Lease, Landlord
will receive any proceeds from the personal property insurance allocable to Tenant’s leasehold improvements. 

 Section 6.02
Landlord’s Insurance. 
 During the Lease Term, Landlord will maintain in effect all risk insurance covering loss of or damage to the Property in
the amount of its replacement value with such endorsements and deductibles as Landlord determines from time-to-time. Landlord will have the right to obtain flood,
earthquake, and such other insurance as Landlord determines from time-to-time or is required by any mortgagee of the Property. Landlord will not insure Tenant’s
fixtures or equipment or building improvements installed or paid by Tenant. Landlord may obtain commercial general liability insurance in an amount and with coverage determined by Landlord insuring Landlord against liability with respect to the
Premises and the Property. The foregoing policy obtained by Landlord will not provide primary insurance, will not be contributory and will be excess over any liability insurance maintained by Tenant. Landlord will also maintain a rental income
insurance policy, with loss payable to Landlord. The cost of Landlord’s insurance will be paid by Tenant to Landlord as Additional Rent as stipulated in Section 3.02 herein. 

  
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 Section 6.03 General Insurance Provisions. 

 

	 	a)	 Any insurance which Tenant is required to maintain under this Lease will include a provision which requires the
insurance carrier to give Landlord not less than thirty (30) days’ written notice prior to any cancellation or modification of such coverage. 

  

	 	b)	 Prior to the earlier of Tenant’s entry into the Premises or the Commencement Date, Tenant will deliver to
Landlord an insurance company certificate that Tenant maintains the insurance required by Section 6.01 and not less than thirty (30) days prior to the expiration or termination of any such insurance, Tenant will
deliver to Landlord renewal certificates therefor. Tenant will provide Landlord with copies of the policies promptly upon request from time-to-time.

  

	 	c)	 All insurance policies required under this Lease will be with companies having a “General Policy
Rating” of A- or better, as set forth in the most current issue of the Best Key Rating Guide. 

  

	 	d)	 Without limiting the provisions of Section 6.04, Landlord and Tenant, on behalf of
themselves and their insurers, each hereby waive any and all rights of recovery against the other, the agents, advisors, employees, members, officers, directors, partners, trustees, beneficiaries and shareholders of the other and the agents,
advisors, employees, members, officers, directors, partners, trustees, beneficiaries and shareholders of each of the foregoing (collectively, “Representatives”), for loss of or damage to its property or the property of others
under its control, to the extent that such loss or damage is covered by any insurance policy in force (whether or not described in this Lease) at the time of such loss or damage, or required to be carried under this Article 6. All property
insurance carried by either party will contain a waiver of subrogation against the other party to the extent such right was waived by the insured party prior to the occurrence of loss or injury. 

Section 6.04 Indemnity. 
  

	 	a)	 Tenant hereby waives all claims against Landlord and its Representatives (collectively, the
“Landlord Indemnitees”) for damage to any property or injury to or death of any person in, upon or about the Premises or the Property arising at any time and from any cause (except to the extent caused by the gross negligence
or willful misconduct of Landlord). Tenant shall hold Landlord Indemnitees harmless from and defend Landlord Indemnitees from and against all claims, liabilities, judgments, demands, causes of action, losses, damages, costs and expenses, including
reasonable attorney’s fees, for damage to any property or injury to or death of any person arising from (i) the use or occupancy of the Premises or the Property by Tenant or persons claiming under Tenant, except to the extent such is
caused by the gross negligence or willful misconduct of Landlord, (ii) the negligence or willful misconduct of Tenant in, upon or about the Property, or (iii) any breach or default by Tenant under this Lease. 

 

	 	b)	 Except to the extent caused by the Tenant or its Representatives, Landlord shall hold Tenant and its
Representatives (collectively “Tenant Indemnitees”) harmless from and defend Tenant Indemnitees from and against all claims, liabilities, judgments, demands, causes of action, losses, damages, costs and expenses, including
reasonable attorney’s fees, for damage to any property or injury to or death of any person arising from (i) the gross negligence or willful misconduct of Landlord, or (ii) default by Landlord under this Lease. 

  
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 Article VII. PROTECTION OF LENDERS 

Section 7.01 Subordination. 
 This Lease
shall be automatically subordinated and inferior to any Mortgage (as defined below) now or hereafter encumbering the Property or any part thereof. Notwithstanding that such subordination is self-operative without any further act of Tenant, Tenant
will, from time-to-time, within ten (10) days of request from Landlord, execute and deliver any documents or instruments to confirm such subordination. If Tenant
fails to execute and deliver such documents, Landlord is hereby authorized to execute such documents as Tenant’s duly authorized irrevocable agent and
attorney-in-fact. “Mortgage” includes any mortgage, deed of trust or ground lease, together with any amendments, additional advances,
restatements, modifications or consolidations of such instrument. 
 Section 7.02 Attornment. 

If Landlord’s interest in the Property is acquired by any ground lessor, beneficiary, mortgagee, or purchaser at a foreclosure sale, Tenant will attorn to
the transferee of or successor to Landlord’s interest in the Property and recognize such transferee or successor as successor Landlord under this Lease. Tenant waives the protection of any statute or rule of law which gives Tenant any right to
terminate this Lease or surrender possession of the Premises upon the transfer of Landlord’s interest. 
 Section 7.03 Estoppel Certificates.

 Within ten (10) days after Landlord’s request, Tenant will execute, acknowledge and deliver to Landlord a written statement certifying:
(i) that none of the terms or provisions of this Lease have been changed (or if they have been changed, stating how they have been changed); (ii) that this Lease has not been canceled or terminated; (iii) the last date of payment of the
Rent and other charges and the time period covered by such payment; (iv) that Landlord is not in default under this Lease (or if Landlord is claimed to be in default, setting forth such default in reasonable detail); and (v) such other
information with respect to Tenant or this Lease as Landlord may reasonably request or which any prospective purchaser or encumbrancer of the Property may require. Landlord may deliver any such statement by Tenant to any prospective purchaser or
encumbrancer of the Property, and such purchaser or encumbrancer may rely conclusively upon such statement as true and correct. If Tenant does not deliver such statement to Landlord within such ten (10) day period, Landlord, and any prospective
purchaser or encumbrancer, may conclusively presume and rely upon (and Tenant will be estopped from denying): (i) that the terms and provisions of this Lease have not been changed except as otherwise represented by Landlord; (ii) that this
Lease has not been canceled or terminated except as otherwise represented by Landlord; (iii) that not more than one month’s Rent (except as to Base Rent which is due on an annual basis) or other charges have been paid in advance; and
(iv) that Landlord is not in default under this Lease. 
 Article VIII. USE OF PREMISES 

Section 8.01 Manner of Use. 
  

	 	a)	 Tenant will use the Premises only for the Permitted Uses. Tenant will not cause or permit the Premises to be
used in any way which (i) constitutes a violation of any Legal Requirements (as defined below) or the rules and regulations (the “Rules and Regulations”) established by Landlord, a copy of which is attached as Exhibit
C, as they may be amended in writing by 

  
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Landlord, (ii) annoys or interferes with the rights of tenants of the Property, or (iii) constitutes a nuisance or waste or will invalidate any insurance carried by Landlord. Tenant
will obtain and pay for all necessary permits, including a certificate of occupancy, and will promptly take all actions necessary to comply with all applicable Federal, State or local statutes, ordinances, notes, regulations, orders, recorded
declarations, covenants and requirements (collectively, “Legal Requirements”) regulating the use by Tenant of the Premises, including, without limitation, the Occupational Safety and Health Act and the Americans With
Disabilities Act. 

  

	 	b)	 Without limiting any other provision of this Lease, Landlord agrees that certain Representatives of Tenant
shall have unrestricted 24/7/365 access to the Premises, (i) subject to any Landlord imposed security requirements or measures or any other closures of the Property by Landlord resulting from any Casualty or any other reasonable purpose, and
(ii) provided further that Landlord shall have no responsibility or liability and Tenant shall assume all responsibility and liability and shall indemnify and hold Landlord harmless for any damage to any property or injury to or death of any
person in, upon or about the Premises or the Property arising at any time from such unrestricted access. 

  

	 	c)	 Notwithstanding the foregoing, Tenant understands and acknowledges that Landlord shall in no event be liable to
Tenant or to any other third-party, and Tenant waives all claims or liability against Landlord and shall indemnify and hold Landlord harmless in connection with any access (restricted or unrestricted) to the Premises and/or to the Property.

 Section 8.02 Environmental Requirements. 
  

	 	a)	 Definition of “Hazardous Material”. “Hazardous Material” means any
flammable items, explosives, radioactive materials, oil, hazardous or toxic substances, material or waste or related materials, including any substances defined as or included in the definition of “hazardous substances”,
“hazardous wastes”, “hazardous materials” or “toxic substances” now or hereafter regulated under any Legal Requirements, including, without limitation, petroleum-based products,
paints, solvents, lead, cyanide, DDT, printing inks, acids, pesticides, ammonia compounds and other chemical products, asbestos, PCBs and similar compounds, and including any different products and materials which are found to have adverse effects
on the environment or the health and safety of persons; provided, however, “Hazardous Material” does not include any de minimis quantities of office or other cleaning supplies, or other materials customarily used in
Tenant’s business, so long as such use is in accordance with Legal Requirements. 

  

	 	b)	 Tenant’s Obligations. Tenant will not cause or permit any Hazardous Material to be
generated, produced, brought upon, used, stored, treated or disposed of in or about the Property by Tenant, its agents, employees, contractors, sublessees or invitees without (i) the prior written consent of Landlord, and (ii) complying
with all applicable Legal Requirements pertaining to the transportation, storage, use or disposal of such Hazardous Material (collectively, “entitled to take into account such other Environmental Laws”), including, but not
limited to, obtaining proper permits. Landlord may consider factors or facts Landlord deems reasonably relevant in granting or withholding consent to Tenant’s proposed activity with respect to Hazardous Material. Landlord will not, however, be
required to consent to the installation or use of any storage tanks on the Property. 

  
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 If Tenant’s transportation, storage, use or disposal of Hazardous Materials results in
the contamination of the soil or surface or ground water, release of a Hazardous Material or loss or damage to person(s) or property or the violation of any Environmental Law, then Tenant agrees to: (x) notify Landlord immediately of any
contamination, claim of contamination, release, loss or damage, (y) after consultation with Landlord, clean up the contamination in full compliance with all Environmental Laws, and (z) indemnify, defend and hold Landlord harmless from and
against any claims, suits, causes of action, costs and fees, including, without limitation, attorney’s fees and costs, arising from or connected with any such contamination, claim of contamination, release, loss or damage. Tenant will fully co-operate with Landlord and provide such documents, affidavits and information as may be requested by Landlord (A) to comply with any Environmental Law, (B) to comply with the request of any lender,
purchaser or tenant, and/or (C) as otherwise deemed reasonably necessary by Landlord in its discretion. Tenant will notify Landlord promptly in the event of any spill or other release of any Hazardous Material at, in, on, under or about the
Premises which is required to be reported to a governmental authority under any Environmental Law, will promptly forward to Landlord copies of any notices received by Tenant relating to alleged violations of any Environmental Law, will promptly pay
when due any fine or assessment against Landlord, Tenant or the Property and remove or bond any lien filed against the Property relating to any violation of Tenant’s obligations with respect to Hazardous Material. 

 

	 	c)	 Landlord’s Rights. Landlord will have the right, but not the obligation, without in any way
limiting Landlord’s other rights and remedies under this Lease, to enter upon the Premises, or to take such other actions as it deems necessary or advisable, to investigate, clean up, remove or remediate any Hazardous Material or contamination
by Hazardous Material present on, in, at, under or emanating from the Premises or the Property in violation of Tenant’s obligations under this Lease or under any laws regulating Hazardous Material or that Tenant is liable under this Lease to
clean up, remove or remediate. Landlord will have the right, at its election, in its own name or as Tenant’s agent, to negotiate, defend, approve and appeal, at Tenant’s expense, any action taken or order issued by any governmental agency
or authority against Tenant, Landlord or the Premises or the Property relating to any Hazardous Material or under any related law or the occurrence of any event or existence of any condition that would cause a breach of any of the covenants set
forth in this Section 8.02. 

 If Landlord determines, in good-faith, that a release or other
environmental condition may have occurred during the Lease Term, at Tenant’s cost, Landlord may require an environmental audit of the Premises by a qualified environmental consultant. Tenant will, at its sole cost and expense, take all actions
recommended in such audit to remediate any environmental conditions for which it is responsible under this Lease. 
  

	 	d)	 Radon Disclosure. Radon gas is a naturally occurring radioactive gas that, when it has accumulated in a
building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of Radon that exceed Federal and State guidelines have been found in buildings in Texas. Additional information regarding Radon and Radon
testing may be obtained from your county public health unit. 

  
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 Section 8.03 Landlord’s Access. 

Landlord or its agents may enter the Premises, upon 24 hours’ notice to Tenant (except in the case of an emergency in which prior notice shall not be
required), to show the Premises to potential buyers, investors or other parties, for routine property inspections and maintenance or for any other purpose Landlord deems reasonably necessary. Without limiting the foregoing, during the last twelve
(12) months of the Lease Term, Landlord may enter the Premises, upon 24 hours’ notice to Tenant, to show the Premises to potential tenants, and may place customary “For Lease” signs on the Premises. 

Section 8.04 Common Areas. 
  

	 	a)	 Common Areas. “Common Areas” means all areas within the Property which are
available for the common use of tenants of the Property and which are not leased or held for the exclusive use of Tenant or other tenants, including, but not limited to, parking areas, driveways, sidewalks, access roads, landscaping, and planted
areas. Landlord, from time-to-time, may change the size, location, nature, and use of any of the Common Areas, convert Common Areas into leaseable areas, construct
additional parking facilities in the Common Areas, and increase or decrease Common Area land or facilities so long as Tenant’s use of the Premises is not materially affected. 

 

	 	b)	 Use of Common Areas. Tenant will have the nonexclusive right (in common with other tenants and all
others to whom Landlord has granted or may grant such rights) to use the Common Areas for the purposes intended, subject to such reasonable Rules and Regulations as Landlord may establish or modify from time-to-time. Tenant agrees to abide by all such rules and regulations and to use its best efforts to cause others who use the Common Areas with Tenant’s express or implied permission to abide by the
Rules and Regulations. At any time, Landlord may close any Common Areas to perform any acts as, in Landlord’s reasonable judgment, are desirable to maintain or improve the Property. Tenant will not interfere with the rights of Landlord, other
tenants, or any other person entitled to use the Common Areas. 

 Section 8.05 Signs. 

Tenant shall be permitted to erect, place, or paint a sign or signs on the exterior of the Building and at the Premises, provided all signs are in conformance
with Landlord’s sign criteria established for the Property. 
 Article IX. CONDITION AND MAINTENANCE OF PREMISES 

Section 9.01 Existing Conditions. 
 Tenant hereby
accepts the Property and the Premises in their present “as is, where is, with all faults” condition. Tenant acknowledges that neither Landlord nor any agent of Landlord has made any representation as to the condition of the
Property or the Premises or the suitability of the Property or the Premises for Tenant’s intended use. Tenant represents and warrants that Tenant has made its own inspection of and inquiry regarding the condition of the Property and the
Premises and is not relying on any representations of Landlord or any broker with respect thereto. 
 Section 9.02 Landlord’s Obligations.

 Subject to the provisions of Article 10 (Casualty and Condemnation), and except for damage caused by any act or omission of Tenant or
Tenant’s employees, agents, contractors or invitees, Landlord will maintain the Common Areas in good order, condition and repair and will keep the foundation, roof, building systems (including the heating, ventilating and air conditioning
system located within the Common Areas), sprinkler mains, structural supports and exterior walls of the improvements on the Property in good order, condition and repair. Landlord will not be obligated to maintain heating,

  
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ventilating and air conditioning systems or repair windows, doors or plate glass that serve the Premises only. Tenant will promptly report in writing to Landlord any defective condition known to
it which Landlord is required to repair. Notwithstanding the foregoing, Landlord may repair, at Tenant’s expense, any damage to the Property caused by Tenant’s acts or omissions which would otherwise be Landlord’s responsibility to
maintain, and Tenant agrees to reimburse Landlord for all costs incurred by Landlord, plus fifteen (15%) percent, in doing so within thirty (30) days of receipt of an invoice from Landlord; provided, however, that Tenant shall have the option,
and reasonable time in which, to repair such damage on its own accord and at its own expense. 
 Section 9.03 Tenant’s Obligations. 

Subject to the provisions of Article 10 (Casualty and Condemnation), at its sole cost and expense, Tenant will keep all portions of the Premises
(including, without limitation, all systems and equipment, dock levelers, bumpers, doors and floors, including slabs and slab repairs, crack filling and joint repairs) in good order, condition and repair (including repainting and refinishing, as
needed). If any portion of the Premises or any system or equipment in the Premises which Tenant is obligated to repair cannot be fully repaired or restored, Tenant will promptly replace such portion of the Premises or system or equipment. At
Tenant’s request, Landlord may perform Tenant’s maintenance and repair obligations under this Section 9.03 and Tenant will reimburse Landlord for all costs incurred, plus fifteen (15%) percent, in doing so within
thirty (30) days of receipt of an invoice from Landlord. Tenant shall, at its sole cost and expense, enter into and maintain a contract with a certified third-party HVAC service contractor, providing for the periodic (at least
quarterly) service, maintenance and repair of the HVAC system serving the Premises, which shall provide for a scope of work and periodic services, at a minimum, in accordance with manufacturer’s specifications. Tenant shall, at its sole cost
and expense, enter into and maintain a contract with a certified pest control service contractor that shall provide pest control treatments to the interior and exterior of the Premises at a minimum of 90-day
intervals. Upon request by Landlord, Tenant shall furnish Landlord with a copy of the current service contracts, which contracts shall be in form and substance reasonably satisfactory to Landlord and a current certificate of insurance of the
Tenant’s service contractor naming Landlord as an additional insured and such certificate shall be in form and substance and contain such coverages satisfactory to Landlord. In the event Landlord obtains an assignable warranty for any HVAC
system servicing the Premises, to the extent assignable, Landlord shall assign to Tenant any such assignable warranty on parts and labor for the HVAC system. If any repairs or maintenance required to be made or maintained by Tenant hereunder are not
made within ten (10) days after written notice delivered to Tenant by Landlord, or within such lesser time as is reasonable to require in the event of an emergency, Landlord may at its option make such repairs without liability to Tenant for
any loss or damage which may result to Tenant’s stock or business by reason of such repairs; and Tenant shall pay to Landlord upon demand, as additional rental hereunder, the Landlord’s cost of such repairs plus interest thereon at the per
annum rate set forth in Section 3.03, such interest to accrue continuously from the date of payment by Landlord until repayment by Tenant. At the expiration or termination of this Lease, Tenant shall surrender the Premises
in good condition, excepting reasonable wear and tear and losses required to be restored by Landlord pursuant to the terms hereof. 

  
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 Section 9.04 Alterations, Additions, and Improvements. 

 

	 	a)	 Tenant’s Work. Tenant may not make any installations, alterations, additions, or
improvements or major repairs in or to the Premises without obtaining Landlord’s prior written consent, except for the installation of unattached, moveable trade fixtures which may be installed without drilling, cutting, or otherwise defacing
the Premises. All work will be performed in accordance with plans and specifications approved by Landlord. Tenant will procure all necessary permits and licenses before undertaking any work on the Premises and will perform all work in a good and
workmanlike manner employing materials of good quality and in conformity with all applicable Legal Requirements and insurance requirements. Tenant will (i) employ only contractors reasonably approved by Landlord, (ii) require all
contractors employed by Tenant to carry worker’s compensation insurance in accordance with statutory requirements and commercial general liability insurance covering such contractors on or about the Premises with a combined single limit not
less than $2 million, and (iii) submit certificates evidencing such coverage to Landlord prior to the commencement of any work. Landlord may inspect Tenant’s work at reasonable times. Tenant will prosecute and complete such work with
reasonable diligence and will provide Landlord with “as built” plans, copies of all construction contracts and proof of payment for all labor and materials. 

 

	 	b)	 No Liens. Tenant will pay when due all claims for labor and material furnished to the Premises and keep
the Property at all times free from liens for labor and materials. Tenant will give Landlord at least twenty (20) days’ prior written notice of the commencement of any work on the Premises, regardless of whether Landlord’s consent to
such work is required. Landlord may record and post notices of non-responsibility on the Premises. 

Section 9.05 Condition Upon Termination. 
 Upon the
expiration or termination of the Lease Term, Tenant will surrender the Premises to Landlord broom clean and in the condition which Tenant is required to maintain the Premises under this Lease. Landlord may require Tenant, at its expense, to remove
any alterations, additions or improvements made by Tenant during the Term of this Lease prior to the expiration of the Lease and to restore the Premises to their prior condition. Any work which Tenant is not required to remove will, at
Landlord’s option, become Landlord’s property and will be surrendered to Landlord upon the expiration or earlier termination of the Lease, except that Tenant may remove any of Tenant’s machinery, equipment, trade fixtures, and other
moveable property, which can be removed without damage to the Property so long as Tenant repairs any damage caused by such removal. 
 Section 9.06
Exemption of Landlord from Liability. 
 Landlord will not be liable for any damage or injury to any person, business (or any loss of income therefrom),
goods, wares, merchandise or other property of Tenant, Tenant’s employees, invitees, customers or any other person in or about the Property or the Premises, whether such damage or injury is caused by or results from: (a) fire, steam,
electricity, water, gas or rain; (b) the breakage, leakage, obstruction or other defects of pipes, sprinklers, wires, appliances, plumbing, air conditioning or lighting fixtures or any other cause; (c) conditions arising in or about the
Property or the Premises, or from other sources or places; (d) any curtailment or interruption in utility services or (e) any act or omission of any other tenant of the Property. Tenant will give Landlord prompt notice upon the occurrence
of any accident or casualty at the Premises. The provisions of this Section will not exempt Landlord from liability for its gross negligence or willful misconduct; provided, however, Landlord will not be liable for any consequential damages. 

  
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 Article X. CASUALTY AND CONDEMNATION 

Section 10.01 Damage to Premises. 
  

	 	a)	 If the Premises are destroyed or rendered untenantable, either wholly or in part, by fire or other casualty
(“Casualty”), Tenant will immediately notify Landlord in writing upon the occurrence of such Casualty. Landlord may elect either to (i) repair the damage caused by such casualty as soon as reasonably possible, in which
case this Lease will remain in full force and effect, or (ii) if (A) Landlord estimates it will take more than nine (9) months to repair the Premises or (B) the Casualty occurs during the last six (6) months of the Lease Term and
Landlord estimates it will require more than thirty (30) days to repair, terminate the Lease Term as of the date the Casualty occurred. Landlord will notify Tenant within thirty (30) days after receipt of notice of the Casualty whether
Landlord elects to repair the damage or terminate the Lease Term. If Landlord elects to repair the damage, Tenant will pay Landlord the portion of the deductible amount under Landlord’s insurance allocable to the damage to the Premises and, if
the damage was due to an act or omission of Tenant or its employees, agents, contractors or invitees, the difference between the actual cost of repair and any insurance proceeds received by Landlord. 

 

	 	b)	 If based on the estimate of Landlord’s architect or contractor, it will take Landlord more than nine
(9) months to rebuild the Premises or (ii) the Casualty occurs during the last six (6) months of the Lease Term and the damage is estimated by Landlord to require more than thirty (30) days to repair, Tenant may elect to
terminate the Lease Term as of the date the Casualty occurred, which must be exercised by written notification to Landlord within thirty (30) days after the occurrence of the Casualty. 

 

	 	c)	 If the Property is destroyed or damaged by Casualty and Landlord elects to repair or restore the Property
pursuant to the provisions of this Article 10, any Rent payable during the period of such damage, repair and/or restoration will be reduced according to the degree, if any, to which Tenant’s use of the Premises is impaired.

  

	 	d)	 The provisions of this Article 10 will govern the rights and obligations of Landlord and Tenant in the
event of any damage or destruction of or to the Property. Tenant waives the protection of any statute, code or judicial decision which grants a tenant the right to terminate a lease in the event of the damage or destruction of the leased property.

 Section 10.02 Condemnation. 

If more than 20% of the floor area of the Premises or more than 25% of the parking on the Property is taken by eminent domain, or if the condemnation renders
the Premises unsuitable for Tenant’s purposes, either Landlord or Tenant may terminate the Lease Term as of the date the condemning authority takes title or possession, by delivering notice to the other within ten (10) days after receipt
of written notice of such taking (or in the absence of such notice, within ten (10) days after the condemning authority takes title or possession). If neither party terminates the Lease Term, this Lease will remain in effect as to the portion
of the Premises not taken, except that the Rent will be reduced in proportion to the reduction in the floor area of the Premises. Any condemnation award or payment will be paid to Landlord. Tenant will have no claim against Landlord for the value of
the unexpired lease term or otherwise; provided, however, Tenant may make a separate claim with the condemning authority for its personal property and/or moving costs so long as Landlord’s award is not reduced thereby. 

  
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 Article XI. ASSIGNMENT AND SUBLETTING 

Section 11.01 No Assignment or Sublease Permitted. 

Tenant will not assign or transfer this Lease or sublease the Premises or any part thereof or interest therein, or mortgage, pledge or hypothecate its
leasehold interest, in each case without the prior written consent of Landlord. In the event Tenant is a corporation, a partnership or a limited liability company, the conveyance of the controlling interest(s) of the corporation or other entity, or
a sale of substantially all the assets of the corporation or other entity, or the assignment of all or any portion of any general partnership interest or managing member or manager therein, as the case may be, shall be deemed an assignment for the
purposes hereof. 
 Article XII. DEFAULTS AND REMEDIES 

Section 12.01 Covenants and Conditions. 

Tenant’s performance of each of Tenant’s obligations under this Lease is a condition as well as a covenant. Tenant’s right to continue in
possession of the Premises is conditioned upon such performance. Time is of the essence in the performance by Tenant of all covenants and conditions. 

Section 12.02 Defaults. 
 Each of the following
constitutes an “Event of Default” under this Lease: 
  

	 	a)	 Tenant fails to pay any installment of Rent or any other obligation under this Lease involving the payment of
money when due and such nonpayment continues after twenty (20) days; 

  

	 	b)	 Tenant fails to perform any of Tenant’s other obligations under this Lease, as defined herein below, and
such failure continues for a period of twenty (20) days after written notice from Landlord; provided that if more than twenty (20) days are reasonably required to complete such performance, Tenant will not be in default if Tenant commences
such performance within the twenty (20) day period and thereafter diligently pursues its completion but in any event, completion must take place no later than sixty (60) days after the initial notice from Landlord; 

 

	 	c)	 Tenant shall do or permit to be done anything which creates a lien upon the Premises or upon all or any part of
the Building, and Tenant fails to discharge or bond around any lien within twenty (20) days after Tenant learns that any such lien or encumbrance is filed against the Premises; or 

 

	 	d)	 Tenant, or any guarantor under this Lease becomes insolvent or bankrupt, has a receiver or trustee appointed
for any part of its property, makes an assignment for the benefit of its creditors, or any proceeding is commenced either by Tenant or against it under any bankruptcy or insolvency laws, which proceeding is not dismissed within thirty
(30) days; provided, however, if a court of competent jurisdiction determines that any of the acts described in this subsection (e) is not an Event of Default under this Lease, and a trustee is appointed to take possession (or if Tenant
remains a debtor in possession) and such trustee or Tenant assigns, subleases, or transfers Tenant’s interest hereunder, then Landlord will receive, as Additional Rent, the excess, if any, of the rent (or any other consideration) paid in
connection with such assignment, transfer or sublease over the rent payable by Tenant under this Lease. 

  
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	 	e)	 Tenant shall desert or vacate or shall commence to desert or vacate the Premises or any substantial portion of
the Premises or shall, at any time prior to the last month of the Lease Term, remove or attempt to remove, without the prior written consent of Landlord, all or a substantial amount of Tenant’s goods, wares, equipment, fixtures, furniture, or
other personal property. 

  

	 	f)	 Omitted. 

Section 12.03 Remedies. 
 On the occurrence of an
Event of Default, Landlord may, at any time thereafter, with or without notice or demand, and without limiting Landlord in the exercise of any right or remedy which Landlord may have: 

 

	 	a)	 take any one or more of the actions permissible by law to insure performance by Tenant of Tenant’s
covenants and obligations under this Lease. In this regard, and without limiting the generality of the immediately preceding sentence, it is agreed that if Tenant fails to open for business or, having opened for business, deserts or vacates the
Premises, Landlord may enter upon and take possession of the Premises in order to protect them from deterioration and may nevertheless continue to demand from Tenant payment by Tenant to Landlord of the Rent and other charges provided in this Lease,
without any obligation to relet; however, if Landlord does, at its sole discretion, elect to relet the Premises, such action by Landlord shall not be deemed as an acceptance of Tenant’s surrender of the Premises unless Landlord expressly
notifies Tenant of such acceptance in writing, Tenant hereby acknowledging that Landlord shall otherwise be reletting as Tenant’s agent and Tenant furthermore hereby agreeing to pay Landlord on demand any deficiency that may arise between the
monthly Rent and other charges as provided in this Lease and that actually collected by Landlord under any reletting. 

  

	 	b)	 enter upon the Premises, and do whatever Tenant is obligated to do under the terms of this Lease; and Tenant
agrees to reimburse Landlord on demand for any expenses which Landlord might incur in thus effecting compliance with Tenant’s obligations under this Lease, and Tenant further agrees that Landlord shall not be liable for any damages resulting to
the Tenant from such action. 

  

	 	c)	 pay or bond around any lien, whether or not contested by Tenant; and in such event Tenant agrees to reimburse
Landlord on demand for all costs and expenses incurred in connection with any such action, with Tenant further agreeing that Landlord shall in no event be liable for any damages or claims resulting from such action. 

 

	 	d)	 terminate this Lease by written notice to Tenant, in which event Tenant shall immediately surrender the
Premises to Landlord, and if Tenant fails to do so, Landlord may, without prejudice to any other remedy which Landlord may have for possession or arrearages in Rent (including any late charge or interest which may have accrued pursuant to this
Lease), enter upon and take possession of the Premises and expel or remove Tenant and any other person who may be occupying the Premises or any part thereof. In addition, Tenant agrees to pay to Landlord on demand the amount of all loss and damage
which Landlord may suffer by reason of any termination effected pursuant to this Section, said loss and damage to be determined by either of the following alternative measures of damages: 

  
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	 	i.	 Until Landlord is able, through efforts the nature of which is to be at the sole discretion of Landlord, to
relet the Premises under terms satisfactory to Landlord, in Landlord’s sole discretion, Tenant shall pay to Landlord on or before the 1st day of each calendar month, the monthly Rent and other charges provided in this Lease to be paid by Tenant
to Landlord. If and after the Premises have been relet by Landlord, Tenant shall pay to Landlord on the 20th day of each calendar month the difference between the monthly Rent and other charges provided in this Lease to be paid by Tenant to Landlord
for such calendar month and that actually collected by Landlord under any such reletting for such month (net of amortized expenses incurred by Landlord in connection with such reletting). If it is necessary for Landlord to bring suit in order to
collect any such deficiency, Landlord shall have a right to allow such deficiencies to accumulate and to bring an action on several or all of the accrued deficiencies at one time. Any such suit shall not prejudice in any way the right of Landlord to
bring a similar action for any subsequent deficiency or deficiencies. Any amount collected by Landlord from subsequent tenants under any such reletting for any calendar month in excess of the monthly Rent and other charges provided in this Lease
shall be credited to Tenant in reduction of Tenant’s liability for any calendar month for which the amount collected by Landlord will be less than the monthly Rent and other charges provided in this Lease; but Tenant shall have no right to such
excess other than the above-described credit. 

  

	 	ii.	 When Landlord desires, Landlord may demand a final settlement. Upon demand for a final settlement, Landlord
shall have a right to, and Tenant hereby agrees to pay, the difference between the total of all monthly Rent and other charges provided in this Lease to be paid by Tenant to Landlord for the remainder of the Lease Term and the reasonable rental
value of the Premises for such period, such difference to be discounted to present value at a rate equal to 8% per annum. 

If Landlord elects to exercise the remedy prescribed in Section 12.03(a) above, such election shall in no way prejudice Landlord’s
right at any time thereafter to cancel said election in favor of the remedy prescribed in Section 12.03(d) above, provided that at the time of such cancellation, Tenant is still in default. Similarly, if Landlord elects to compute damages in
the manner prescribed by Section 12.03(b)(i) above, such election shall in no way prejudice Landlord’s right at any time thereafter to demand a final settlement in accordance with this Section. Pursuit of any of the above remedies shall
not preclude pursuit of any other remedies prescribed in other sections of this Lease and any other remedies provided by law, it being hereby agreed that all such rights and remedies shall be cumulative of one another. Forbearance by Landlord to
enforce one or more of the remedies herein provided upon an event of default by Tenant shall not be deemed or construed to constitute a waiver of such default. 

Landlord may restrain or enjoin any breach or threatened breach of any covenant, duty or obligation of Tenant herein contained without the necessity of
proving the inadequacy of any legal remedy or irreparable harm. The remedies of Landlord hereunder and/or at law or in equity shall be deemed cumulative and not exclusive of each other. 

In the event that any one or more provisions of this Article 12 authorize Landlord to enter the Premises, Landlord is entitled and is hereby authorized,
without any notice to Tenant, to enter upon the Premises by use of a duplicate key, a master key, a locksmith’s entry procedures or any other means not involving personal confrontation, and to alter or change the door locks on all entry doors
of the Premises, thereby 

  
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permanently excluding Tenant. In such event, Landlord shall not be obligated to place any written notice on the Premises explaining Landlord’s action; moreover, if a reason for
Landlord’s action is the failure of Tenant to pay any Rent when due pursuant to this Lease, Landlord shall not be required to provide the new key (if any) to Tenant until and unless all Rent defaults of Tenant have been fully cured. The terms
and provisions of this Section 20.7 supersede the terms and conditions of Section 93.002 of the Texas Property Code, which terms are hereby expressly waived by Tenant. 

Section 12.04 Damages. 
 On any termination,
Landlord’s damages will include, but shall not be limited to, all costs and fees, including reasonable attorneys’ fees and costs, that Landlord incurs in connection with any bankruptcy court or other court proceeding or any legal action
with respect to the Lease, the obtaining of relief from any stay in bankruptcy restraining any action to evict Tenant, or the pursuing of any action with respect to Landlord’s right to possession of the Premises. All such damages suffered
(apart from Rent payable hereunder) will constitute pecuniary damages which will be paid to Landlord prior to assumption of the Lease by Tenant or any successor to Tenant in any bankruptcy or other proceedings. 

It is further agreed that, in addition to payments required pursuant to Section 12.03(a) and Section 12.03(d) above, Tenant shall compensate
Landlord for all reasonable expenses incurred by Landlord in repossessing the Premises following an event of default by Tenant hereunder (including, among other expenses, any increase in insurance premiums caused by the vacancy of the Premises), all
expenses incurred by Landlord in reletting the Premises thereafter (including, among other expenses, costs of repairs, remodeling, replacements, advertisements and brokerage fees) and all concessions granted to a new tenant upon such reletting
(including, among other concessions, renewal options), all losses incurred by Landlord as a direct result of Tenant’s event of default, and a reasonable allowance for Landlord’s administrative efforts, salaries, and overhead attributable
directly to Tenant’s event of default and Landlord’s pursuing the rights and remedies provided herein and under applicable law. 
 If, on account
of any breach or default by either party hereto in its obligations hereunder, the other party hereto shall employ an attorney to represent, enforce or defend any of its rights or remedies hereunder, the
non-prevailing party in any such legal action agrees to pay any reasonable attorney’s fees and costs incurred by the prevailing party in connection therewith. 

Section 12.05 Cumulative Remedies. 
 Except as
otherwise expressly provided herein, any and all rights and remedies which Landlord may have under this Lease and at law and equity are cumulative and will not be deemed inconsistent with each other, and any two or more of all such rights and
remedies may be exercised at the same time to the greatest extent permitted by law.
 Article XIII. MISCELLANEOUS PROVISIONS 

Section 13.01 Covenant of Quiet Enjoyment. 
 Tenant
on paying the Rent and performing its obligations hereunder will peacefully and quietly have, hold and enjoy the Premises throughout the Lease Term without any manner of hindrance from Landlord, subject however to all the terms and provisions
hereof. 

  
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 Section 13.02 Landlord’s Liability and Indemnity. 

The obligations of this Lease run with the land, and this Lease will be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns. No owner of the Property will be liable under this Lease except for breaches of Landlord’s obligations occurring while it is owner of the Property. The obligations of Landlord will be binding upon the assets of Landlord
which comprise the Property but not upon other assets of Landlord. No individual Representative will be personally liable under this Lease or any other instrument, transaction or undertaking contemplated hereby. 

Section 13.03 Notice to Landlord. 
 Tenant will give
written notice of any failure by Landlord to perform any of its obligations under this Lease to Landlord and to any ground lessor, mortgagee or beneficiary under any Mortgage encumbering the Property whose name and address have been furnished to
Tenant. Landlord will not be in default under this Lease unless Landlord (or such ground lessor, mortgagee or beneficiary) fails to cure such nonperformance within thirty (30) days after receipt of Tenant’s notice or such longer period as
may be required to diligently complete such matter. If Landlord (or such ground lessor, mortgagee or beneficiary) cannot perform any of its obligations due to events beyond its reasonable control, the time provided for performing such obligations
will be extended by a period of time equal to the duration of such events. Events beyond Landlord’s reasonable control include, but are not limited to, acts of God, war, civil commotion, labor disputes, epidemics, pandemics, quarantine
restrictions and recommendations, moratoriums, strikes, fire, flood or other casualty or weather conditions, shortages of labor or material, and Legal Requirements. 

Section 13.04 Holding Over. 
 If Tenant does not
vacate the Premises upon the expiration or earlier termination of this Lease, (i) Tenant will indemnify Landlord against all damages, costs, liabilities and expenses, including attorneys’ fees, which Landlord incurs on account of
Tenant’s failure to vacate and (ii) the Base Rent will increase to 200% of the Base Rent then in effect; and Tenant’s obligation to pay Additional Rent will continue. Any holdover by Tenant does not constitute an extension of the
Lease or recognition by Landlord of any right of Tenant to remain in the Premises, and Tenant will be deemed a tenant at sufferance. 

Section 13.05 Additional Provisions. 
 The exhibits
and riders, if any, attached hereto, are incorporated herein by reference. 
 Section 13.06 Landlord’s Consent. 

Tenant will pay Landlord its reasonable fees and expenses incurred in connection with any act by Tenant which requires Landlord’s consent or approval
under this Lease. 
 Section 13.07 Landlord’s Right to Cure. 

If Tenant defaults in the performance of any obligation under this Lease, Landlord will have the right (but is not required) to perform such obligation and, if
necessary, to enter upon the Premises. All costs incurred by Landlord (together with interest at the rate of 15% per annum, but not to exceed the highest legal rate) will be deemed to be Additional Rent under this Lease and will be payable to
Landlord within 30 days of Tenant’s receipt of Landlord’s invoice for same. Landlord may exercise the foregoing rights without waiving any of its other rights or releasing Tenant from any of its obligations under this Lease. 

  
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 Section 13.08 Interpretation. 

The captions of the Articles or Sections of this Lease are not a part of the terms or provisions of this Lease. Whenever required by the context of this Lease,
the singular includes the plural and the plural includes the singular. The masculine, feminine and neuter genders each include the other. In any provision relating to the conduct, acts or omissions of Tenant, the term
“Tenant” includes Tenant’s agents, employees, contractors, invitees, successors or others using the Premises with Tenant’s express or implied permission. This Lease does not, and nothing contained herein, will
create a partnership or other joint venture between Landlord and Tenant. A determination by a court of competent jurisdiction that any provision of this Lease or any part thereof is illegal or unenforceable will not invalidate the remainder of such
provision, which will remain in full force and effect. 
 Section 13.09 Incorporation of Prior Agreements; Modifications. 

This Lease is the only agreement between the parties pertaining to the lease of the Premises. All amendments to this Lease must be in writing and signed by all
parties. Any other attempted amendment will be void. 
 Section 13.10 Notices. 

Except as otherwise permitted hereunder, all notices, requests and other communications required or permitted under this Lease shall be in writing and shall be
sent by (i) certified mail, return receipt requested, postage prepaid; (ii) telefax or electronic mail, provided that an original of such facsimile or electronic mail is also sent to the addressee by means described in clauses (i), (iii)
or (iv); (iii) a national overnight delivery service which maintains delivery records; or (iv) personal delivery. Notices to Tenant shall be delivered to Tenant’s Notice Address. Notices to Landlord shall be delivered to Landlord’s
Notice (and Rent Payment) Address. Payment shall be considered delivered/paid on the date of mailing or deposit with a national overnight delivery service, so long as such payment is actually received by Landlord within five (5) days of
mailing/deposit. All other notices shall be effective upon delivery (or refusal to accept delivery). Either party may change its notice address upon notice to the other party. 

Section 13.11 Waivers. 
 All waivers will be in
writing and signed by the waiving party. Landlord’s failure to enforce any provision of this Lease or its acceptance of Rent is not a waiver and will not prevent Landlord from enforcing that provision or any other provision of this Lease in the
future. No statement on a payment check from Tenant or in a letter accompanying a payment check will be binding on Landlord. Landlord may, with or without notice to Tenant, negotiate such check without being bound by to the conditions of such
statement. 
 Section 13.12 Memorandum of Lease. 

Neither party may record this Lease in the public records. 

Section 13.13 Binding Effect; Choice of Law. 
 This
Lease will bind any party who legally acquires any rights or interest in this Lease from Landlord or Tenant, provided that Landlord will have no obligation to Tenant’s successor unless the rights or interests of Tenant’s successor are
acquired in accordance with the terms of this Lease. The laws of the State of Texas govern this Lease and exclusive venue shall be in Crockett County, Texas. 

  
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 THE PARTIES HERETO WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY
PARTY(IES) AGAINST ANY OTHER PARTY(IES) ON ANY MATTER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS LEASE OR THE RELATIONSHIP OF THE PARTIES HEREUNDER. 

Section 13.14 Execution of Lease. 
 This Lease may be
executed in counterparts and, when all counterpart documents are executed, the counterparts will constitute a single binding instrument. Landlord’s delivery of this Lease to Tenant is not be deemed to be an offer to lease and will not be
binding upon either party until executed and delivered by both parties. This Lease may be executed or delivered by electronic or facsimile means, and copies of executed signature pages stored electronically in portable document format (.pdf) shall
be binding as originals. 
 Section 13.15 Survival. 

All representations and warranties of Landlord and Tenant, Tenant’s indemnity under Section 6.04, the provisions of
Section 8.02 and all obligations of Tenant to pay Additional Rent hereunder, shall survive the termination of this Lease. 

Section 13.16 No Brokers. 
 Landlord and Tenant each
represent and warrant to the other that no brokers are owed a commission or fee with respect to this Lease or the Premises. Landlord and Tenant each agree to indemnify and hold the other party harmless from any claim, demand, cost or liability,
including, without limitation, attorneys’ fees and expenses, asserted by any broker based upon dealings with that broker. 
 Section 13.17
Legal Costs. 
 In any enforcement proceeding brought by either party with respect to this Lease, the nonprevailing party will pay to the prevailing
party in such proceeding all costs, including reasonable attorneys’ fees and court costs, incurred by such other party with respect to said proceeding and any appeals therefrom. 

[SIGNATURE PAGE FOLLOWS] 

  
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Page 21 of 22 

							
	LANDLORD REPRESENTATIVE:	  	TENANT:
		
	WILKS DEVELOPMENT, LLC, a Texas limited	  	ProFrac Services, LLC, a Texas limited liability
	liability company,	  	company,
				
	By:	 	
                     
        
	  	By:	  	
                     
            

	Jess Green, its Authorized Representative	  	
		  	Printed Name: Ladd Wilks
	Date of Signature:                               
                                         
    	  	
		  	Title: CEO
	LANDLORD’S CORPORATE APPROVAL:	  	
	NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, NEITHER THIS LEASE NOR ANY AMENDMENT HERETO WILL BE A VALID AND ENFORCEABLE OBLIGATION OF LANDLORD UNLESS THIS LEASE OR AMENDMENT IS EXECUTED BY KYLE WILKS
WITHIN 20 DAYS OF THE EXECUTION OF THIS LEASE OR ANY SUCH AMENDMENT.	  	Date of
Signature:                                       
                                 
		
	WILKS DEVELOPMENT, LLC , a Texas limited liability company,	  	
			
	By:	 	
                     

	  	
		
	Printed Name:                                 
                                         
  	  	
		
	Title:                                   
                                         
               	  	
		
	Date of Signature:                               
                                        	  	

  

  
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Page 22 of 22 

 EXHIBIT “A” 

  
 A-1 

 EXHIBIT “B” 

  
 B-1 

 EXHIBIT “C” 

RULES AND REGULATIONS 

  
 C-3

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