Document:

TRICCAR, Inc. 8-K

 

EXHIBIT
      10.2

 

ARTICLES
OF INCORPORATION OF 

TRICCAR,
INC. 

a
Nevada Corporation

 

TRICCAR,
Inc., a corporation organized and existing under the laws of the State of Nevada (the “Corporation”), hereby certifies
as follows:

 

A.
The name of the Corporation under which it was formed is TRICCAR, Inc. The Corporation’s original Articles of Incorporation
was filed with the Secretary of State of the State of Nevada on January 2, 2020.

 

B.
This Articles of Incorporation was duly adopted in accordance with Chapter 78 of the Nevada Revised Statutes of the U.S. state
of Nevada.

 

C.
The text of this Articles of Incorporation of this Corporation is hereby filed in its entirety as set forth in Exhibit A attached
hereto.

 

IN
WITNESS WHEREOF, TRICCAR, Inc. has caused this Articles of Incorporation to be executed by the undersigned officer, thereunto
duly authorized, this 2nd day of January 2020.

 

	 

	TRICCAR,
                                         Inc.

	 

	 

	a
                                         Nevada corporation

	 

	 

	 

	 

	 

	 

	By:

	

	 

	 

	 

	Name:
                                       William                                        M. Townsend

	 

	 

	 

	Title:
                                       Agent

	 

 

 

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EXHIBIT
A

 

ARTICLE
1

 

The
name of this corporation is TRICCAR, Inc. (hereafter, the “Corporation’).

 

ARTICLE
2

 

The
address of the Corporation’s registered office in the State of Nevada is 848 N. Rainbow Blvd., #3254, Las Vegas, Nevada
89107. The name of its registered agent at such address is Mail Link LLC.

 

ARTICLE
3

 

Section
1. Authorized Stock. This Corporation is authorized to issue three hundred seventy-two million five hundred one thousand
(372,500,000) shares of Class A Common Stock, par value $0.0001 per share (the “Class A Common Stock”), twenty-seven
million five hundred thousand (27,500,00) shares of Class B Common Stock, par value $0.0001 per share (the “Class B Common
Stock”, and together with the Class A Common Stock, the “Common Stock”), and fifty million (50,000,000) shares
of Preferred Stock. The number of authorized shares of any class or classes of stock may be increased or decreased (but not below
the number of shares thereof then outstanding) by the affirmative vote of the holders of at least a majority of the voting power
of the issued and outstanding shares of Common Stock of the Corporation, voting together as a single class.

 

Section
2. Common Stock. A statement of the designations of each class of Common Stock and the powers, preferences and rights and
qualifications, limitations or restrictions thereof is as follows: 

 

(a)
Voting Rights. 

 

(i)
Except as otherwise provided herein or by applicable law, the holders of shares of Class A Common Stock and Class B Common Stock
shall at all times vote together as one class on all matters (including the election of directors) submitted to a vote or for
the consent of the stockholders of the Corporation. 

 

(ii)
Each holder of shares of Class A Common Stock shall be entitled to one (1) vote for each share of Class A Common Stock held as
of the applicable date on any matter that is submitted to a vote or for the consent of the stockholders of the Corporation. 

 

(iii)
Each holder of shares of Class B Common Stock shall be entitled to twenty (20) votes for each share of Class B Common Stock held
as of the applicable date on any matter that is submitted to a vote or for the consent of the stockholders of the Corporation.

 

(b)
Dividends. Subject to the preferences applicable to any series of Preferred Stock, if any, outstanding at any time, the
holders of Class A Common Stock and the holders of Class B Common Stock shall be entitled to share equally, on a per share basis,
in such dividends and other distributions of cash, property or shares of stock of the Corporation as may be declared by the Board
of Directors from time to time with respect to the Common Stock out of assets or funds of the Corporation legally available therefor;
provided, however, that in the event that such dividend is paid in the form of shares of Common Stock or rights to acquire Common
Stock, the holders of Class A Common Stock shall receive Class A Common Stock or rights to acquire Class A Common Stock, as the
case may be, and the holders of Class B Common Stock shall receive Class B Common Stock or rights to acquire Class B Common Stock,
as the case may be. 

 

(c)
Liquidation. Subject to the preferences applicable to any series of Preferred Stock, if any outstanding at any time, in
the event of the voluntary or involuntary liquidation, dissolution, distribution of assets or winding up of the Corporation, the
holders of Class A Common Stock and the holders of Class B Common Stock shall be entitled to share equally, on a per share basis,
all assets of the Corporation of whatever kind available for distribution to the holders of Common Stock. 

 

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(d)
Subdivision or Combinations. If the Corporation in any manner subdivides or combines the outstanding shares of one class
of Common Stock, the outstanding shares of the other class of Common Stock will be subdivided or combined in the same manner.

 

(e)
Equal Status. Except as expressly provided in this Article 3, Class A Common Stock and Class B Common Stock shall have
the same rights and privileges and rank equally, share ratably and be identical in all respects as to all matters. Without limiting
the generality of the foregoing, (i) in the event of a merger, consolidation or other business combination requiring the approval
of the holders of the Corporation’s capital stock entitled to vote thereon (whether or not the Corporation is the surviving
entity), the holders of the Class A Common Stock shall have the right to receive, or the right to elect to receive, the same form
of consideration, if any, as the holders of the Class B Common Stock and the holders of the Class A Common Stock shall have the
right to receive, or the right to elect to receive, at least the same amount of consideration, if any, on a per share basis as
the holders of the Class B Common Stock, and (ii) in the event of (x) any tender or exchange offer to acquire any shares of Common
Stock by any third party pursuant to an agreement to which the Corporation is a party or (y) any tender or exchange offer by the
Corporation to acquire any shares of Common Stock, pursuant to the terms of the applicable tender or exchange offer, the holders
of the Class A Common Stock shall have the right to receive, or the right to elect to receive, the same form of consideration
as the holders of the Class B Common Stock and the holders of the Class A Common Stock shall have the right to receive, or the
right to elect to receive, at least the same amount of consideration on a per share basis as the holders of the Class B Common
Stock.

 

(f)
Conversion. 

 

(i)
As used in this Section 2(f), the following terms shall have the following meanings: 

 

(1)
“Founder” shall mean either William Townsend or Katrina Yao each as a natural living person, and “Founders”
shall mean all of them. 

 

(2)
“Class B Stockholder” shall mean (a) the Founders, (b) the registered holder of a share of Class B Common Stock of
TRICCAR Holdings, Inc. on August 22, 2017 (the “Effective Time”) which converts one-to-one into Class B Common Stock
of TRICCAR, Inc., (c) each natural person who Transferred shares of Class B Common Stock (or securities convertible into or exchangeable
for shares of Class B Common Stock) prior to the Effective Time to a Permitted Entity that, as of the Effective Time, complies
with the applicable exception for such Permitted Entity specified in Section 2(f)(iii)(2), and (d) the initial registered holder
of any shares of Class B Common Stock that were originally issued by the Corporation after the Effective Time. 

 

(3)
“Permitted Entity” shall mean, with respect to any individual Class B Stockholder, any trust, account, plan, corporation,
partnership, or limited liability company specified in Section 2(f)(iii)(2) established by or for such individual Class B Stockholder,
so long as such entity meets the requirements of the exception set forth in Section 2(f)(iii)(2) applicable to such entity. 

 

(4)
“Transfer” of a share of Class B Common Stock shall mean any sale, assignment, transfer, conveyance, hypothecation
or other transfer or disposition of such share or any legal or beneficial interest in such share, whether or not for value and
whether voluntary or involuntary or by operation of law. A “Transfer” shall also include, without limitation, a transfer
of a share of Class B Common Stock to a broker or other nominee (regardless of whether or not there is a corresponding change
in beneficial ownership), or the transfer of, or entering into a binding agreement with respect to, Voting Control over a share
of Class B Common Stock by proxy or otherwise; provided, however, that the following shall not be considered a “Transfer”
within the meaning of this Section 2(f)(i)(4): 

 

a)
the granting of a proxy to officers or directors of the Corporation at the request of the Board of Directors of the Corporation
in connection with actions to be taken at an annual or special meeting of stockholders; 

 

b)
entering into a voting trust, agreement or arrangement (with or without granting a proxy) solely with stockholders who are Class
B Stockholders, that (A) is disclosed either in a Schedule 13D filed with the Securities and Exchange Commission or in writing
to the Secretary of the Corporation, (B) either has a term not exceeding one (1) year or is terminable by the Class B Stockholder
at any time and (C) does not involve any payment of cash, securities, property or other consideration to the Class B Stockholder
other than the mutual promise to vote shares in a designated manner; or 

 

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c)
the pledge of shares of Class B Common Stock by a Class B Stockholder that creates a mere security interest in such shares pursuant
to a bona fide loan or indebtedness transaction so long as the Class B Stockholder continues to exercise Voting Control over such
pledged shares; provided, however, that a foreclosure on such shares of Class B Common Stock or other similar action by the pledgee
shall constitute a “Transfer.” 

 

(5)
“Voting Control” with respect to a share of Class B Common Stock shall mean the power (whether exclusive or shared)
to vote or direct the voting of such share of Class B Common Stock by proxy, voting agreement or otherwise. 

 

(ii)
Each share of Class B Common Stock shall be convertible into one (1) fully paid and nonassessable share of Class A Common Stock
at the option of the holder thereof at any time upon written notice to the transfer agent of the Corporation. 

 

(iii)
Each share of Class B Common Stock shall automatically, without any further action, convert into one (1) fully paid and nonassessable
share of Class A Common Stock upon a Transfer of such share, other than a Transfer: 

 

(1)
from a Founder, or such Founder’s Permitted Entities, to the other Founder, or such Founder’s Permitted Entities.

 

(2)
by a Class B Stockholder who is a natural person to any of the following Permitted Entities, and from any of the following Permitted
Entities back to such Class B Stockholder and/or any other Permitted Entity established by or for such Class B Stockholder: 

 

a)
a trust for the benefit of such Class B Stockholder and for the benefit of no other person, provided such Transfer does not involve
any payment of cash, securities, property or other consideration (other than an interest in such trust) to the Class B Stockholder
and, provided, further, that in the event such Class B Stockholder is no longer the exclusive beneficiary of such trust, each
share of Class B Common Stock then held by such trust shall automatically convert into one (1) fully paid and nonassessable share
of Class A Common Stock; 

 

b)
a trust for the benefit of persons other than the Class B Stockholder so long as the Class B Stockholder has sole dispositive
power and exclusive Voting Control with respect to the shares of Class B Common Stock held by such trust, provided such Transfer
does not involve any payment of cash, securities, property or other consideration (other than an interest in such trust) to the
Class B Stockholder, and, provided, further, that in the event the Class B Stockholder no longer has sole dispositive power and
exclusive Voting Control with respect to the shares of Class B Common Stock held by such trust, each share of Class B Common Stock
then held by such trust shall automatically convert into one (1) fully paid and nonassessable share of Class A Common Stock; 

 

c)
a trust under the terms of which such Class B Stockholder has retained a “qualified interest” within the meaning of
§2702(b)(1) of the Code and/or a reversionary interest so long as the Class B Stockholder has sole dispositive power and
exclusive Voting Control with respect to the shares of Class B Common Stock held by such trust; provided, however, that in the
event the Class B Stockholder no longer has sole dispositive power and exclusive Voting Control with respect to the shares of
Class B Common Stock held by such trust, each share of Class B Common Stock then held by such trust shall automatically convert
into one (1) fully paid and nonassessable share of Class A Common Stock; 

 

d)
an Individual Retirement Account, as defined in Section 408(a) of the Internal Revenue Code, or a pension, profit sharing, stock
bonus or other type of plan or trust of which such Class B Stockholder is a participant or beneficiary and which satisfies the
requirements for qualification under Section 401 of the Internal Revenue Code; provided that in each case such Class B Stockholder
has sole dispositive power and exclusive Voting Control with respect to the shares of Class B Common Stock held in such account,
plan or trust, and provided, further, that in the event the Class B Stockholder no longer has sole dispositive power and exclusive
Voting Control with respect to the shares of Class B Common Stock held by such account, plan or trust, each share of Class B Common
Stock then held by such trust shall automatically convert into one (1) fully paid and nonassessable share of Class A Common Stock;

 

 

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e)
a corporation in which such Class B Stockholder directly, or indirectly through one or more Permitted Entities, owns shares with
sufficient Voting Control in the corporation, or otherwise has legally enforceable rights, such that the Class B Stockholder retains
sole dispositive power and exclusive Voting Control with respect to the shares of Class B Common Stock held by such corporation;
provided that in the event the Class B Stockholder no longer owns sufficient shares or has sufficient legally enforceable rights
to enable the Class B Stockholder to retain sole dispositive power and exclusive Voting Control with respect to the shares of
Class B Common Stock held by such corporation, each share of Class B Common Stock then held by such corporation shall automatically
convert into one (1) fully paid and nonassessable share of Class A Common Stock; 

 

f)
a partnership in which such Class B Stockholder directly, or indirectly through one or more Permitted Entities, owns partnership
interests with sufficient Voting Control in the partnership, or otherwise has legally enforceable rights, such that the Class
B Stockholder retains sole dispositive power and exclusive Voting Control with respect to the shares of Class B Common Stock held
by such partnership; provided that in the event the Class B Stockholder no longer owns sufficient partnership interests or has
sufficient legally enforceable rights to enable the Class B Stockholder to retain sole dispositive power and exclusive Voting
Control with respect to the shares of Class B Common Stock held by such partnership, each share of Class B Common Stock then held
by such partnership shall automatically convert into one (1) fully paid and nonassessable share of Class A Common Stock; or 

 

g)
a limited liability company in which such Class B Stockholder directly, or indirectly through one or more Permitted Entities,
owns membership interests with sufficient Voting Control in the limited liability company, or otherwise has legally enforceable
rights, such that the Class B Stockholder retains sole dispositive power and exclusive Voting Control with respect to the shares
of Class B Common Stock held by such limited liability company; provided that in the event the Class B Stockholder no longer owns
sufficient membership interests or has sufficient legally enforceable rights to enable the Class B Stockholder to retain sole
dispositive power and exclusive Voting Control with respect to the shares of Class B Common Stock held by such limited liability
company, each share of Class B Common Stock then held by such limited liability company shall automatically convert into one (1)
fully paid and nonassessable share of Class A Common Stock. 

 

Notwithstanding
the foregoing, if the shares of Class B Common Stock held by the Permitted Entity of a Class B Stockholder would constitute stock
of a “controlled corporation” (as defined in Section 2036(b)(2) of the Code) upon the death of such Class B Stockholder,
and the Transfer of shares Class B Common Stock by such Class B Stockholder to the Permitted Entity did not involve a bona fide
sale for an adequate and full consideration in money or money’s worth (as contemplated by Section 2036(a) of the Code),
then such shares will not automatically convert to Class A Common Stock if the Class B Stockholder does not directly or indirectly
retain Voting Control over such shares until such time as the shares of Class B Common Stock would no longer constitute stock
of a “controlled corporation” pursuant to the Code upon the death of such Class B Stockholder (such time is referred
to as the “Voting Shift”). If the Class B Stockholder does not, within five (5) business days following the
mailing of the Corporation’s proxy statement for the first annual or special meeting of stockholders following the Voting
Shift, directly or indirectly through one or more Permitted Entities assume sole dispositive power and exclusive Voting Control
with respect to such shares of Class B Common Stock, each such share of Class B Common Stock shall automatically convert into
one (1) fully paid and nonassessable share of Class A Common Stock. 

 

(h)
by a Class B Stockholder that is a partnership, or a nominee for a partnership, which partnership beneficially held more than
five percent (5%) of the total outstanding shares of Class B Common Stock as of the Effective Time, to any person or entity that,
at the Effective Time, was a partner of such partnership pro rata in accordance with their ownership interests in the partnership
and the terms of any applicable partnership or similar agreement binding the partnership at the Effective Time, and any further
Transfer(s) by any such partner that is a partnership or limited liability company to any person or entity that was at such time
a partner or member of such partnership or limited liability company pro rata in accordance with their ownership interests in
the partnership or limited liability company and the terms of any applicable partnership or similar agreement binding the partnership
or limited liability company at the Effective Time. All shares of Class B Common Stock held by affiliated entities shall be aggregated
together for the purposes of determining the satisfaction of such five percent (5%) threshold. 

 

 

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(i)
by a Class B Stockholder that is a limited liability company, or a nominee for a limited liability company, which limited liability
company beneficially held more than five percent (5%) of the total outstanding shares of Class B Common Stock as of the Effective
Time, to any person or entity that, at the Effective Time, was a member of such limited liability company pro rata in accordance
with their ownership interests in the company and the terms of any applicable agreement binding the company and its members at
the Effective Time, and any further Transfer(s) by any such member that is a partnership or limited liability company to any person
or entity that was at such time a partner or member of such partnership or limited liability company pro rata in accordance with
their ownership interests in the partnership or limited liability company and the terms of any applicable partnership or similar
agreement binding the partnership or limited liability company. All shares of Class B Common Stock held by affiliated entities
shall be aggregated together for the purposes of determining the satisfaction of such five percent (5%) threshold. 

 

(j)
Each share of Class B Common Stock held of record by a Class B Stockholder who is a natural person, or by such Class B Stockholder’s
Permitted Entities, shall automatically, without any further action, convert into one (1) fully paid and nonassessable share of
Class A Common Stock upon the death of such Class B Stockholder; provided, however, that: 

 

(k)
If a Founder, or such Founder’s Permitted Entity (in either case, the “Transferring Founder”) Transfers exclusive
Voting Control (but not ownership) of shares of Class B Common Stock to the other Founder (the “Transferee Founder”)
which Transfer of Voting Control is contingent or effective upon the death of the Transferring Founder, then each share of Class
B Common Stock that is the subject of such Transfer shall automatically convert into one (1) fully paid and nonassessable share
of Class A Common Stock upon that date which is the earlier of: (a) nine (9) months after the date upon which the Transferring
Founder died, or (b) the date upon which the Transferee Founder ceases to hold exclusive Voting Control over such shares of Class
B Common Stock; provided, further, that if the Transferee Founder shall die within nine (9) months following the death of the
Transferring Founder, then a trustee designated by the Transferee Founder and approved by the Board of Directors may exercise
Voting Control over: (x) the Transferring Founders’ shares of Class B Common Stock and, in such instance, each such share
of Class B Common Stock shall automatically convert into one (1) fully paid and nonassessable share of Class A Common Stock upon
that date which is the earlier of: (A) nine (9) months after the date upon which the Transferring Founder died, or (B) the date
upon which such trustee ceases to hold exclusive Voting Control over such shares of Class B Common Stock; and (y) the Transferee
Founders’ shares of Class B Common Stock (or shares held by an entity of the type referred to in paragraph (2) below established
by or for the Transferee Founder) and, in such instance, each such share of Class B Common Stock shall automatically convert into
one (1) fully paid and nonassessable share of Class A Common Stock upon that date which is the earlier of: (A) nine (9) months
after the date upon which the Transferee Founder died, or (B) the date upon which such trustee ceases to hold exclusive Voting
Control over such shares of Class B Common Stock; and 

 

(l)
If all Founders die simultaneously, a trustee designated by the Founders and approved by the Board of Directors may exercise Voting
Control over the Founders’ shares of Class B Common Stock and, in such instance, each such share of Class B Common Stock
shall automatically convert into one (1) fully paid and nonassessable share of Class A Common Stock upon that date which is the
earlier of: (a) nine (9) months after the date upon which all Founders died, or (b) the date upon which such trustee ceases to
hold exclusive Voting Control over such shares of Class B Common Stock. 

 

(3)
The Corporation may, from time to time, establish such policies and procedures relating to the conversion of the Class B Common
Stock to Class A Common Stock and the general administration of this dual class common stock structure, including the issuance
of stock certificates with respect thereto, as it may deem necessary or advisable, and may request that holders of shares of Class
B Common Stock furnish affidavits or other proof to the Corporation as it deems necessary to verify the ownership of Class B Common
Stock and to confirm that a conversion to Class A Common Stock has not occurred. A determination by the Secretary of the Corporation
that a Transfer results in a conversion to Class A Common Stock shall be conclusive. 

 

    52 

     

    
 

 

(4)
In the event of a conversion of shares of Class B Common Stock to shares of Class A Common Stock pursuant to this Section 2, such
conversion shall be deemed to have been made at the time that the Transfer of such shares occurred. Upon any conversion of Class
B Common Stock to Class A Common Stock, all rights of the holder of shares of Class B Common Stock shall cease and the person
or persons in whose names or names the certificate or certificates representing the shares of Class A Common Stock are to be issued
shall be treated for all purposes as having become the record holder or holders of such shares of Class A Common Stock. Shares
of Class B Common Stock that are converted into shares of Class A Common Stock as provided in this Section 2 shall be retired
and may not be reissued. 

 

(5)
Reservation of Stock. The Corporation shall at all times reserve and keep available out of its authorized but unissued
shares of Class A Common Stock, solely for the purpose of effecting the conversion of the shares of Class B Common Stock, such
number of its shares of Class A Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding
shares of Class B Common Stock into shares of Class A Common Stock. 

 

ARTICLE
4

 

The
names and addresses of the Corporation’s Board of Directors are William M. Townsend at 848 N. Rainbow Blvd., #3254, Las
Vegas, Nevada 89107 and Katrina Yao at 848 N. Rainbow Blvd., #3254, Las Vegas, Nevada 89107.

    53TRICCAR, Inc. 8-K

 
EXHIBIT
      10.3

 

AGREEMENT
AND PLAN OF MERGER

 

This
AGREEMENT AND PLAN OF MERGER (the “Merger Agreement”), is entered into effective as of January 31, 2020 by and among
Frontier Oilfield Services, Inc., a Texas Corporation (“FOSI”) and TRICCAR, Inc., a Nevada corporation and a wholly-owned
subsidiary of FOSI (“TRICCAR”).

 

WHEREAS,
the respective Boards of Directors of FOSI and TRICCAR have determined that it is advisable and in the best interests of each
of such corporations that FOSI be merged with and into TRICCAR pursuant to §92A.180 of the Nevada General Corporation Law,
under which TRICCAR would survive, and with each holder of shares of FOSI Stock receiving one share for each share of TRICCAR
Stock in exchange for such shares of FOSI Stock;

 

WHEREAS,
the Boards of Directors of FOSI and TRICCAR have approved this Merger Agreement, shareholder approval not being required pursuant
to §92A.180 of the Nevada General Corporation Law;

 

WHEREAS,
the parties hereto intend that the reorganization contemplated by this Merger Agreement shall constitute a tax-free reorganization
pursuant to Section 368(a)(1) of the Internal Revenue Code;

 

NOW,
THEREFORE, in consideration of the mutual agreements and covenants herein contained, FOSI, and TRICCAR

 

hereby
agree as follows:

 

	 

	(1)

	Merger.
                 FOSI shall be merged with and into TRICCAR (the “Merger”), and TRICCAR shall be the surviving corporation
                 (hereinafter sometimes referred to as the “Surviving Corporation”). The Merger shall become effective
                 at 5:00 o’clock p.m. on February 1, 2020 (the “Effective Time”).

 

	 

	(2)

	Name/Shares. 
                 Upon effectiveness of the merger, the name of TRICCAR shall remain TRICCAR, Inc.  Each share of common stock
                 of FOSI shall become one share of common stock of TRICCAR without any further action required on the part of
                 any shareholders.

 

	 

	(3)

	Succession.
                 At the Effective Time, the separate corporate existence of FOSI shall cease, and TRICCAR shall succeed to all
                 of the assets and property (whether real, personal or mixed), rights, privileges, franchises, immunities and
                 powers of FOSI, and TRICCAR shall assume and be subject to all of the duties, liabilities, obligations and restrictions
                 of every kind and description of FOSI, including, without limitation, all outstanding indebtedness of FOSI.

 

	 

	(4)

	Directors.
                 The Directors of FOSI immediately preceding the Effective Time shall be the Directors of the Surviving Corporation
                 at and after the Effective Time until their successors are duly elected and qualified.

 

	 

	(5)

	Officers.
                 The officers of FOSI immediately preceding the Effective Time shall be the officers of the Surviving Corporation
                 at and after the Effective Time, to serve at the pleasure of the Board of Directors of TRICCAR.

 

	 

	(6)

	Other
                 Agreements. At the Effective Time, TRICCAR shall assume any obligation of FOSI to deliver or make available shares
                 of FOSI Stock under any agreement or employee benefit plan not referred to in Paragraph 5 herein to which FOSI
                 is a party. Any reference to FOSI Stock under any such agreement or employee benefit plan shall be deemed to
                 be a reference to TRICCAR Stock and one share of TRICCAR Stock shall be issuable in lieu of each share of FOSI
                 Stock required to be issued by any such agreement or employee benefit plan, subject to subsequent adjustment
                 as provided in any such agreement or employee benefit plan.

 

	 

	(7)

	Further
                 Assurances. From time to time, as and when required by the Surviving Corporation, TRICCAR, or by its successors
                 or assigns, there shall be executed and delivered on behalf of FOSI such deeds and other instruments, and there
                 shall be taken or caused to be taken by it all such further and other action, as shall be appropriate, advisable
                 or necessary in order to vest, perfect or conform, of record or otherwise, in the Surviving Corporation, the
                 title to and possession of all property, interests, assets, rights, privileges, immunities, powers, franchises
                 and authority of FOSI, and otherwise to carry out the purposes of this Merger Agreement, and the officers and
                 directors of the Surviving Corporation are fully authorized, in the name and on behalf of FOSI or otherwise,
                 to take any and all such action and to execute and deliver any and all such deeds and other instruments.

 

    54 

     

    
 

	 

	(8)

	Certificates.
                 At and after the Effective Time, all of the outstanding certificates which immediately prior thereto represented
                 shares of FOSI Stock shall be deemed for all purposes to evidence ownership of and to represent the shares of
                 TRICCAR Stock, as the case may be, into which the shares of FOSI Stock represented by such certificates have
                 been converted as herein provided and shall be so registered on the books and records of TRICCAR and its transfer
                 agent. The registered owner of any such outstanding certificate shall, until such certificate shall have been
                 surrendered for transfer or otherwise accounted for to TRICCAR or its transfer agent, have and be entitled to
                 exercise any voting and other rights with respect to, and to receive any dividends and other distributions upon,
                 the shares of TRICCAR Stock, as the case may be, evidenced by such outstanding certificate, as above provided.

 

	 

	(9)

	Amendment.
                 The parties hereto, by mutual consent of their respective boards of directors, may amend, modify or supplement
                 this Merger Agreement prior to the Effective Time.

 

		(10)	The
Certificate of Incorporation of the Surviving Corporation shall be the Certificate of Incorporation.

 

		(11)	Termination.
This Merger Agreement may be terminated, and the Merger and the other transactions provided for herein may be abandoned, at any
time prior to the Effective Time, whether before or after approval of this Merger Agreement by the board of directors of FOSI
or TRICCAR, by action of the board of directors of FOSI if it determines for any reason, in its sole judgment and discretion,
that the consummation of the Merger would be inadvisable or not in the best interests of FOSI and its stockholders.

 

		(12)	Counterparts.
This Merger Agreement may be executed in one or more counterparts, and each such counterpart hereof shall be deemed to be an original
instrument, but all such counterparts together shall constitute but one agreement.

 

		(13)	Descriptive
Headings. The descriptive headings herein are inserted for convenience of reference only and are not intended to be part of or
to affect the meaning or interpretation of this Merger Agreement.

 

		(14)	Governing
Law. This Merger Agreement shall be governed by and construed in accordance with the laws of the State of Nevada.

 

    55 

     

    

  

IN
WITNESS WHEREOF, FOSI and TRICCAR have caused this Merger Agreement to be executed and delivered as of the date first above.

 

	FRONTIER
                                         OILFIELD SERVICES, INC.

	 

	 

	 

	By:

	

/s/ Donald
                                         Ray Lawhorne 

	 

	 
	Donald
                                         Ray Lawhorne, Chief Executive Officer
	 

	 

	 

	TRICCAR,
                                         INC.

	 

	 

	 

	By:

	

/s/ Donald
                                         Ray Lawhorne 

	 

	 
	Donald
                                         Ray Lawhorne, Chief Executive Officer
	 

 

    56

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