Document:

TRANSITION
SERVICES AGREEMENT

 

This
TRANSITION SERVICES AGREEMENT (this “Agreement”), dated as of November [___], 2019 (the “Effective
Date”), is made and entered into by and between Taronis Technologies, Inc., a Delaware corporation (“Tech”),
and Taronis Fuels, Inc., a Delaware corporation and wholly owned subsidiary of Tech (“Fuels”). Each of Tech
and Fuels may be referred to herein individually as a “Party” and collectively as the “Parties.”
For purposes of this Agreement, capitalized terms used herein and not otherwise defined shall have the respective meanings ascribed
to such terms in the Master Distribution Agreement (as defined below).

 

RECITALS

 

WHEREAS,
the board of directors of Tech (the “Tech Board”) has determined that it is advisable and in the best interests
of Tech and Tech’s stockholders to separate Fuels’ businesses from that of Tech standing along, creating two independent
publicly traded companies (the “Distribution”);

 

WHEREAS,
to effectuate the Distribution, Tech and Fuels have entered into a Master Distribution Agreement, dated as of November
[__], 2019 (the “Master Distribution Agreement”); and

 

WHEREAS,
to facilitate and provide for an orderly transition in connection with the Distribution, the Parties desire to enter into this
Agreement to set forth the terms pursuant to which each of the Parties shall provide Services to the other Party for a transitional
period;

 

NOW,
THEREFORE, in consideration of the mutual agreements, provisions and covenants contained in this Agreement, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally
bound, hereby agree as follows:

 

Article
I. Services

 

Section
1.01 Services.

 

	 	(a)	With
    respect to each applicable service set forth on Schedule 1 hereto (the “Services”), the Party identified
    on Schedule 1 hereto as the “Provider” of such Service agrees to provide, or to cause one or more members of its
    Group to provide, such Service to the other Party (the “Recipient”), or any members of the Recipient’s
    Group, in each case for the period commencing on the Effective Date and ending on the earlier of (i) the date that a Party
    terminates the provision of such Service pursuant to Section 4.02 and (ii) the date set forth on Schedule 1 with respect to
    such Service (the “Service Period”). The Parties acknowledge and agree that the “Service” as
    described on Schedule 1 may be amended or modified, or added to with greater specificity, by the Parties following the Effective
    Date, via a revision of such Schedule 1 duly executed by an authorized officer of each of the Parties.
	 	 	 
	 	(b)	At
    any time during the term of this Agreement, either Party may request that the other Party provide or cause its Group to provide
    additional services hereunder (the “Additional Services”) by providing written notice of such request,
    it being understood that the Party that receives such request may in its sole discretion decline to provide such requested
    Additional Services. If a Provider agrees to undertake to provide the Additional Services, upon the mutual written agreement
    as to the nature, cost, duration and scope of such Additional Services, Tech and Fuels shall supplement in writing the Services
    set forth on Schedule 1 to include such Additional Services. Except where the context otherwise indicates or requires, any
    such Additional Services specified on Schedule 1 or so agreed upon in writing by the Parties shall be deemed to be “Services”
    under this Agreement.

 

    	 

    	 

    

 

Section
1.02 Performance of Services.

 

	 	(a)	The
    Provider shall perform, or shall cause one or more members of its Group to perform, all Services to be provided by the Provider
    in a manner that is based on its past practice and that is substantially similar in all material respects to such Services
    (or analogous services) provided by or on behalf of Tech or any of its Subsidiaries with respect to the Fuels Business or
    Tech Business, as applicable, during the twelve (12) months prior to the Effective Date (collectively referred to as the “Level
    of Service”).
	 	 	 
	 	(b)	Nothing
    in this Agreement shall require the Provider to perform or cause to be performed any Service to the extent that the manner
    of such performance would constitute a violation of any applicable Law or any existing contract or agreement with a Third
    Party. As between the Parties, the Provider shall be the party that determines, in its sole discretion, whether to communicate
    with and shall be the party that communicates with Third Parties in connection with any necessary Third Party consents required
    under any existing contract or agreement with a Third Party to allow the Provider to perform, or cause to be performed, Services
    to be provided to the Recipient hereunder, with any such communications to be in the sole discretion of Provider. Unless otherwise
    agreed in writing by the Parties, all reasonable and documented out-of-pocket costs and expenses (if any) incurred by any
    Party or any member of its Group in connection with obtaining any Third Party consent that is required to allow the Provider
    to perform or cause to be performed any Services hereunder shall be paid for by the Recipient. If, with respect to a Service,
    a required Third-Party consent has not been obtained, or the performance of a Service by or on behalf of the Provider
    would constitute a violation of any applicable Law, the Provider shall have no obligation to perform or cause to be performed
    such Service.
	 	 	 
	 	(c)	The
    Provider shall not be obligated to perform or to cause to be performed any Service in a manner that is materially more burdensome
    (with respect to service quality, service quantity, or allocation of personnel or resources) than such services (or analogous
    services) provided by or on behalf of Tech or any of its Subsidiaries with respect to the Fuels Business or Tech Business,
    as applicable, during the 12-month period prior to the Effective Date. Without limiting the generality of the foregoing, the
    Provider shall not be required to maintain the employment of any specific employee(s), hire additional employees or third-party
    service providers or purchase, lease or license any additional equipment, software or other assets or properties in order
    the provide the Services hereunder. If the Recipient requests that the Provider perform or cause to be performed any Service
    in a manner that exceeds the Level of Service, then the Parties shall reasonably cooperate and act in good faith to determine
    whether the Provider will be required to provide such requested higher Level of Service. If the Parties determine that the
    Provider shall provide the requested higher Level of Service, then such higher Level of Service shall be documented in a written
    agreement signed by the Parties, which may be an amendment or addendum to this Agreement.

 

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	 	(d)	Neither
    the Provider nor any member of its Group shall be required to perform or to cause to be performed any of the Services for
    the benefit of any Third Party or any other Person other than the Recipient and the members of its Group. EXCEPT AS EXPRESSLY
    PROVIDED IN THIS Section 1.02 OR Section 6.04, EACH PARTY ACKNOWLEDGES AND AGREES THAT ALL SERVICES ARE PROVIDED ON AN “AS-IS”
    BASIS, THAT THE RECIPIENT ASSUMES ALL RISK AND LIABILITY ARISING FROM OR RELATING TO ITS USE OF AND RELIANCE UPON THE SERVICES,
    AND THAT THE PROVIDER MAKES NO OTHER REPRESENTATIONS OR GRANTS ANY WARRANTIES, EXPRESS OR IMPLIED, EITHER IN FACT OR BY OPERATION
    OF LAW, BY STATUTE OR OTHERWISE, WITH RESPECT TO THE SERVICES. EACH PARTY SPECIFICALLY DISCLAIMS ANY OTHER WARRANTIES, WHETHER
    WRITTEN OR ORAL, OR EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF QUALITY, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR USE
    OR PURPOSE OR THE NON-INFRINGEMENT OF ANY INTELLECTUAL PROPERTY RIGHTS OF THIRD PARTIES.
	 	 	 
	 	(e)	Each
    Party shall be responsible for its own compliance with any and all Laws applicable to its performance under this Agreement.
    No Party shall knowingly take any action in violation of any such applicable Law.

 

Section
1.03 Determination of Allocated Costs; Dispute Resolution; Payment.

 

	 	(a)	From
    and after the Effective Date and during the Service Period, the actual costs to applicable Provider of providing the Services
    to the Recipient, including, without limitation, the salaries, employment taxes and benefits applicable to the employees of
    the Provider actually engaged in providing the Services, based on the percentage of time spent by such employees in providing
    such services relative to the time spent by such employees on matters not relating to such services, plus applicable allocated
    overhead and other expenses incurred, in each case without mark-up (the “Allocated Costs”), will be determined
    and allocated in good faith by the Parties jointly, on a monthly basis, commencing as of the end of the first (1st)
    calendar month following the Effective Date and continuing thereafter as of the end of each succeeding one (1) calendar month
    period. The Allocated Costs so determined by the Parties shall be subject to quarterly review (“Review Period”)
    and approval by the Audit Committee of each Party, or such other committee as determined by the Board of Directors of each
    Party (the “Audit Committees”).
	 	 	 
	 	(b)	In
    the event of a dispute between the Parties or their applicable Audit Committees, concerning the proposed Allocated Costs in
    respect of any month(s) comprising a Review Period, then the Parties shall mutually select and engage a recognized certified
    public accountant acceptable to each of the them to review disputed items and to determine the Allocated Costs for the month(s)
    comprising the Review Period in question; provided, however, if such Parties cannot agree on a mutually acceptable certified
    public accountant, each Party or such party’s Audit Committee, each shall name a recognized certified public accountant
    and those two certified public accountants shall select a third recognized certified public accountant which shall be used
    for the purposes of this Section 1.03(b). The selected certified public accountant’s opinion concerning the Allocated
    Costs for the quarterly period in question shall be final and binding on all Parties. The expenses of the certified public
    accountant will be borne by each Party in the same proportion by which their respective positions as initially presented to
    the certified public accountant differs from the final resolution as determined by the certified public accountant.

 

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	 	(c)	The
    Allocated Costs for each month comprising a Review Period during the Service Period, as finally determined pursuant to Section
    1.03(a) or Section 1.03(b), as applicable, will be invoiced, in arrears, by the applicable Provider to the applicable Recipient
    as set forth in Article III. Together with any invoice for Allocated Costs, the Provider shall provide the Recipient with
    reasonable documentation, including any additional documentation reasonably requested by the Recipient to the extent that
    such documentation is in the Provider’s or its Group’s possession or control, to confirm the calculation of the
    Allocated Costs.

 

Section
1.04 Changes in the Performance of Services.
Subject to the performance Level of Service, the Provider may make changes from time to time in the manner of performing the
Services if the Provider is making similar changes in performing analogous services for itself or its Group and if the Provider
furnishes to the Recipient reasonable prior written notice of such changes. No such change shall materially adversely affect the
timeliness or quality of the applicable Service.

 

Section
1.05 Transitional Nature of Services. The
Parties acknowledge the transitional nature of the Services and agree to reasonably cooperate and to use commercially reasonable
efforts to effectuate a smooth transition of the Services from the Provider to the Recipient (or its designee).

 

Section
1.06 Subcontracting. A Provider may hire
or engage one or more Third Parties to perform any or all of its obligations under this Agreement; provided, however, that (a)
such Provider shall use the same degree of care (but at least reasonable care) in selecting each such Third Party as it would
if such Third Party was being retained to provide similar services to the Provider or its Group and (b) such Provider shall in
all cases remain primarily responsible for all of its obligations under this Agreement with respect to the Services.

 

Article
II. OTHER ARRANGEMENTS

 

Section
2.01 Access. The Recipient shall, and shall
cause the members of its Group to, allow the Provider and the members of its Group and their respective Representatives reasonable
access to the facilities of the Recipient and the members of its Group that is necessary for the Provider to fulfill its obligations
under this Agreement. In addition to the foregoing right of access, the Recipient shall, and shall cause the members of its Group
to, afford the Provider and the members of its Group and their respective Representatives, upon reasonable advance written notice,
reasonable access during normal business hours to the facilities, Information, systems, infrastructure and personnel of the Recipient
and the members of its Group as reasonably necessary for the Provider to verify the adequacy of internal controls over information
technology, reporting of financial data and related processes employed in connection with the Services being provided by the Provider
or the members of the Provider Group, including in connection with verifying compliance with Section 404 of the Sarbanes-Oxley
Act of 2002; provided that (i) such access shall not unreasonably interfere with any of the business or operations of the Recipient
or any member of its Group and (ii) in the event that the Recipient determines that providing such access could be commercially
detrimental, violate any applicable Law or agreement or waive any attorney-client privilege, then the Parties shall use commercially
reasonable efforts to permit such access in a manner that avoids such harm and consequence. The Provider agrees that all of its
and its Group’s employees shall, and that it shall use commercially reasonable efforts to cause its Representatives’
employees to, when on the property of the Recipient or a member of the Recipient’s Group, or when given access to any facilities,
Information, systems, infrastructure or personnel of the Recipient or a member of the Recipient’s Group, conform to the
policies and procedures of the Recipient and the members of the Recipient’s Group, as applicable, concerning health, safety,
conduct and security which are made known or provided to the Provider from time to time.

 

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Section
2.02 Audit Assistance. Each of the Parties and the members of their respective Groups are or may be subject to regulation
and audit by a Governmental Authority (including a Governmental Authority with respect to Taxes) or parties to contracts with
such Parties or the members of their Groups. If such a Third Party exercises its right to examine or audit such Party’s
or a member of its Group’s books, records, documents or accounting practices and procedures pursuant to such applicable
Law or contract provisions, and such examination or audit relates to the Services, then the other Party shall provide, at the
sole cost and expense of the requesting Party (except if related to the Recipient’s receipt of Services, in which case
such cost and expense shall be the Recipient’s responsibility), all assistance reasonably requested by the Party that
is subject to the examination or audit in responding to such examination or audits or requests for Information, to the extent
that such assistance or Information is within the reasonable control of the cooperating Party and is related to the Services.
The requesting Party shall consult and cooperate with the cooperating Party to limit the scope of any such examination or
audit to the extent reasonably possible.

 

Section
2.03 Title to Intellectual Property. Except as otherwise expressly provided for under this Agreement, the Master
Distribution Agreement, or another Ancillary Agreement, the Recipient acknowledges that it shall acquire no right, title or
interest (including any license rights or rights of use) in any intellectual property which is owned or licensed by the
Provider, by reason of the provision of the Services hereunder (other than the receipt and use of the Services by the
Recipient during the term of this Agreement as contemplated hereunder). The Recipient shall not remove or alter any
copyright, trademark, confidentiality or other proprietary notices that appear on any intellectual property owned or licensed
by the Provider, and the Recipient shall reproduce any such notices on any and all copies thereof. The Recipient shall not
attempt to decompile, translate, reverse engineer or make excessive copies of any intellectual property owned or licensed by
the Provider, and the Recipient shall promptly notify the Provider of any such attempt, regardless of whether by the
Recipient or any Third Party, of which the Recipient becomes aware.

 

Article
III. BILLING; TAXES

 

Section
3.01 Procedure. Allocated Costs for the Services
as well as any Covered Taxes (as defined below) (collectively, the “Charges”) due and owing in accordance with
this Agreement, shall be charged to and payable by the Recipient. Amounts payable pursuant to this Agreement shall be paid by
wire transfer (or such other method of payment as may be agreed between the Parties from time to time) to the Provider (as directed
by the Provider), on a monthly basis, which amounts shall be due within thirty (30) days after the Recipient’s receipt of
each such invoice, including reasonable documentation pursuant to Section 1.02(e). All amounts due and payable hereunder shall
be invoiced and paid in U.S. dollars.

 

Section
3.02 Late Payments. Charges not paid when due pursuant to this Agreement (and any amounts billed or otherwise invoiced or
demanded and properly payable that are not paid within thirty (30) days of the receipt of such bill, invoice or other demand)
shall accrue interest at a rate per annum equal to the Prime Rate plus one percent (1%) or the maximum rate under applicable
Law, whichever is lower.

 

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Section
3.03 Taxes.

 

	 	(a)	Without
    limiting any provisions of this Agreement, the Charges shall be exclusive of all sales, use, value-added, goods and services,
    services, excise, consumption, transfer or similar taxes, and any related penalties and interest, arising from the payment
    of such Charges to the Provider under this Agreement (other than any taxes measured by or imposed on the Provider’s
    gross or net income, or franchise or other similar taxes of the Provider) (“Covered Taxes”).
	 	 	 
	 	(b)	The
    Recipient shall pay, or reimburse the Provider for, any and all Covered Taxes.
	 	 	 
	 	(c)	Where
    required by applicable Law, the Recipient shall pay any Covered Taxes directly to the relevant Governmental Authority in compliance
    with applicable Law. If any Covered Taxes are assessed on the receipt of Charges by the Provider under this Agreement, the
    Provider shall notify the Recipient, pay such Covered Taxes directly to the applicable Governmental Authority and promptly
    provide the Recipient with an official receipt showing such payment, and the Recipient shall (without duplication) reimburse
    the Provider for such Covered Taxes.
	 	 	 
	 	(d)	In
    the event that applicable Law requires any Covered Taxes to be withheld from a payment of Charges by a Recipient to a Provider
    under this Agreement, the Recipient shall make such required withholding, pay such withheld amounts over to the applicable
    Governmental Authority in compliance with applicable Law, and increase the amount payable to the Provider as necessary so
    that, after the Recipient has withheld such amounts, the Provider receives an amount equal to the amount the Provider would
    have received had no such withholding been required.
	 	 	 
	 	(e)	The
    Recipient and the Provider shall use reasonable efforts, and shall cooperate with each other in good faith, to secure (and
    to enable the Recipient to claim) any exemption from, or otherwise to minimize, any Covered Taxes or to claim a tax refund
    therefor or tax credit in respect thereof, and the Recipient shall not be responsible for any Covered Taxes to the extent
    that such Covered Taxes would not have been imposed if (i) the Provider was eligible to claim an exemption from or reduction
    of such Covered Taxes, (ii) the Recipient used commercially reasonable efforts to notify the Provider of such eligibility
    reasonably in advance and (iii) the Provider failed to claim such exemption or reduction. If the Provider receives a refund
    with respect to any Covered Taxes paid or borne by the Recipient under this Agreement, the Provider shall promptly pay such
    refund to the Recipient net of costs and expenses (including any additional taxes) incurred by the Provider in connection
    with the receipt of such refund or the payment of such refund to the Recipient net of costs and expenses (including any additional
    taxes) incurred by the Provider in connection with the receipt of such refund or the payment of such refund to the Recipient.
	 	 	 
	 	(f)	Except
    as mutually agreed to in writing by Tech and Fuels, no Party or any member of its Group shall have any right of set-off or
    other similar rights with respect to (a) any amounts received pursuant to this Agreement or (b) any other amounts claimed
    to be owed to the other Party or any of member of its Group arising out of this Agreement.

 

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Article
IV. TERM AND TERMINATION

 

Section
4.01 Term. This Agreement shall commence upon the Effective Date and shall terminate upon the earlier to occur of:
(a) the last date on which either Party is obligated to provide any Service to the other Party in accordance with the terms of
this Agreement; (b) the mutual written agreement of the Parties to terminate this Agreement in its entirety; and (c) 11:59 p.m.,
Arizona time on September 1, 2020. Unless otherwise terminated pursuant to Section 4.02, this Agreement shall terminate with respect
to each Service as of the close of business on the last day of the Service Period for such Service.

 

Section
4.02 Early Termination.

 

	 	(a)	Without
    prejudice to the Recipient’s rights with respect to Force Majeure, the Recipient may from time to time terminate this
    Agreement with respect to the entirety of any individual Service:

 

	 	(i)	for
    any reason or no reason, at least thirty (30) days following written request to the Provider to terminate such Service, if
    the Provider agrees in writing to such termination; provided, however, that any such termination (x) may only be effective
    as of the date agreed to in writing by the Parties, (y) shall not result in a reduction of Charges with respect to calendar
    year 2019, and (z) shall result in a reduction of Charges following calendar year 2019 only if and to the extent expressly
    set forth in Schedule 1; or
	 	 	 
	 	(ii)	if
    the Provider of such Service has failed to perform any of its material obligations under this Agreement with respect to such
    Service, and such failure shall continue to be uncured for a period of thirty (30) days (or ninety (90) days if Provider is
    using good-faith efforts to so cure during such thirty (30) day period and thereafter) after receipt by the Provider of written
    notice of such failure from the Recipient; provided, however, that any such termination may only be effective as of the last
    day of a month; provided, further, that the Recipient shall not be entitled to terminate this Agreement with respect to the
    applicable Service if, as of the end of such period, there remains a good-faith Dispute between the Parties (undertaken in
    accordance with the terms of Section 7.02) as to whether the Provider has cured the applicable breach.

 

	 	(b)	The
    Provider may terminate this Agreement with respect to any individual Service, but not a portion thereof, at any time upon
    prior written notice to the Recipient if the Recipient has failed to perform any of its material obligations under this Agreement
    relating to such Service, including making payment of Charges for such Service when due, and such failure shall continue to
    be uncured for a period of thirty (30) days (or ninety (90) days if Recipient is using good-faith efforts to so cure during
    such thirty (30) day period and thereafter) after receipt by the Recipient of a written notice of such failure from the Provider;
    provided, however, that any such termination may only be effective as of the last day of a month; provided, further, that
    the Provider shall not be entitled to terminate this Agreement with respect to the applicable Service if, as of the end of
    such period, there remains a good-faith Dispute between the Parties (undertaken in accordance with the terms of Section 7.02)
    as to whether the Recipient has cured the applicable breach.

 

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Section
4.03 Interdependencies. The Parties acknowledge
and agree that: (a) there may be interdependencies among the Services being provided under this Agreement; (b) upon the request
of either Party, the Parties shall cooperate and act in good faith to determine whether (i) any such interdependencies exist with
respect to the particular Service that a Party is seeking to terminate pursuant to Section 4.02 and (ii) in the case of such termination,
the Provider’s ability to provide a particular Service in accordance with this Agreement would be materially and adversely
affected by such termination of another Service; and (c) in the event that the Parties have determined that such interdependencies
exist (and, in the case of such termination that the Provider’s ability to provide a particular Service in accordance with
this Agreement would be materially and adversely affected by such termination), the Parties shall negotiate in good faith to amend
Schedule 1 with respect to such termination of such impacted Service, which amendment shall be consistent with the terms of comparable
Services. To the extent that the Provider’s ability to provide a Service is dependent on the continuation of a specified
Service, the Provider’s obligation to provide such dependent Service shall terminate automatically with the termination
of such supporting Service.

 

Section
4.04 Effect of Termination. Upon the termination
of any Service pursuant to this Agreement, the Provider of the terminated Service shall have no further obligation to provide
the terminated Service.

 

Section
4.05 Information Transmission. The Provider,
on behalf of itself and the members of its Group, shall use commercially reasonable efforts to provide or make available, or cause
to be provided or made available, to the Recipient, in accordance with the Master Distribution Agreement, any Information received
or computed by the Provider for the benefit of the Recipient concerning the relevant Service during the Service Period; provided,
however, that, except as otherwise agreed to in writing by the Parties (a) the Provider shall not have any obligation to provide,
or cause to be provided, Information in any nonstandard format, (b) the Provider and the members of its Group shall be reimbursed
for their reasonable costs in accordance with the Master Distribution Agreement for creating, gathering, copying, transporting
and otherwise providing such Information, and (c) the Provider shall use commercially reasonable efforts to maintain any such
Information in accordance with the Master Distribution Agreement.

 

Article
V. CONFIDENTIALITY; PROTECTIVE ARRANGEMENTS

 

Section
5.01 Tech and Fuels Obligations. Subject
to Section 5.04, until the five (5)-year anniversary of the Effective Date, each of Tech and Fuels, on behalf of itself and each
member of its Group, agrees to hold, and to cause its respective Representatives to hold, in confidence, with at least the same
degree of care that applies to Tech’s proprietary and confidential Information pursuant to policies in effect as of the
Effective Date, all proprietary or confidential Information concerning the other Party or the members of its Group or their respective
businesses (“Confidential Information”) that is either in its possession (including Confidential Information
in its possession prior to the Effective Date) or furnished by such other Party or such other Party’s Group members or their
respective Representatives at any time pursuant to this Agreement, and shall not use any such Confidential Information other than
for such purposes as may be expressly permitted hereunder, except, in each case, to the extent that such Confidential Information
has been (a) in the public domain or generally available to the public, other than as a result of a disclosure by such Party or
any member of its Group or any of their respective Representatives in violation of this Agreement; (b) later lawfully acquired
from other sources by such Party or any of member of its Group, which sources are not themselves bound by a confidentiality obligation
or other contractual, legal or fiduciary obligation of confidentiality with respect to such Confidential Information; or (c) independently
developed or generated without reference to or use of the Confidential Information of the other Party or any member of its Group,
in each case other than as may be required by applicable law or order of a Governmental Authority. If any Confidential Information
of a Party or any member of its Group is disclosed to the other Party or any member of its Group in connection with providing
the Services, then such disclosed Confidential Information shall be used only as required to perform such Services.

 

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Section
5.02 No Release; Return or Destruction. Other
than as may be required by law or order of a Governmental Authority, each Party agrees (a) not to release or disclose, or permit
to be released or disclosed, any Confidential Information of the other Party addressed in Section 5.01 to any other Person, except
its Representatives who need to know such Confidential Information in their capacities as such (whom shall be advised of their
obligations hereunder with respect to such Confidential Information) and except in compliance with Section 5.04, and (b) to use
commercially reasonable efforts to maintain such Confidential Information in accordance with the Master Distribution Agreement.
Without limiting the foregoing, when any such Confidential Information is no longer needed for the purposes contemplated by the
Master Distribution Agreement, this Agreement or any other Ancillary Agreements, each Party will promptly after request of the
other Party either return to the other Party all such Confidential Information in a tangible form (including all copies thereof
and all notes, extracts or summaries based thereon) or notify the other Party in writing that it has destroyed such information
(and such copies thereof and such notes, extracts or summaries based thereon).

 

Section
5.03 Privacy and Data Protection Laws. Each
Party shall comply with all applicable state, federal and foreign privacy and data protection Laws that are or that may in the
future be applicable to the provision of the Services under this Agreement.

 

Section
5.04 Protective Arrangements. In the event
that a Party or any member of its Group either determines on the advice of its counsel that it is required to disclose any Confidential
Information of the other Party pursuant to applicable Law or receives any request or demand under lawful process or from any Governmental
Authority to disclose or provide Confidential Information of the other Party (or any member of its Group) that is subject to the
confidentiality provisions hereof, such Party shall notify the other Party (to the extent legally permitted) as promptly as practicable
under the circumstances prior to disclosing or providing such Information and shall reasonably cooperate, at the expense of the
other Party, in seeking any appropriate protective order requested by the other Party. In the event that such other Party fails
to receive such appropriate protective order in a timely manner and the Party receiving the request or demand reasonably determines
that its failure to disclose or provide such Information shall actually prejudice the Party receiving the request or demand, then
the Party that received such request or demand may thereafter disclose or provide such Information to the extent required by such
Law (as so advised by its counsel) or by lawful process or such Governmental Authority, and the disclosing Party shall promptly
provide the other Party with a copy of the Information so disclosed, in the same form and format so disclosed, together with a
list of all Persons to whom such Information was disclosed, in each case to the extent legally permitted.

 

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Article
VI. LIMITED LIABILITY AND INDEMNIFICATION

 

Section
6.01 Limitations on Liability.

 

	 	(a)	THE
    LIABILITIES OF THE PROVIDER AND ITS GROUP MEMBERS AND THEIR RESPECTIVE REPRESENTATIVES, COLLECTIVELY, UNDER THIS AGREEMENT
    FOR ANY AND ALL ACTS OR FAILURES TO ACT IN CONNECTION HEREWITH (INCLUDING THE PERFORMANCE OR BREACH OF THIS AGREEMENT), OR
    FROM THE SALE, DELIVERY, PROVISION OR USE OF ANY AND ALL SERVICES PROVIDED UNDER OR CONTEMPLATED BY THIS AGREEMENT, WHETHER
    IN CONTRACT, TORT (INCLUDING NEGLIGENCE AND STRICT LIABILITY) OR OTHERWISE, SHALL NOT IN THE AGGREGATE EXCEED FIFTY (50%)
    PERCENT OF THE CHARGES PAID AND PAYABLE TO PROVIDER BY THE RECIPIENT PURSUANT TO THIS AGREEMENT.
	 	 	 
	 	(b)	The
    limitations in Section 6.01(a) shall not apply in respect of any Liability to the extent arising out of or in connection with
    the gross negligence, willful misconduct or fraud of or by the Party (or a member of its Group) to be charged.
	 	 	 
	 	(c)	IN
    NO EVENT SHALL EITHER PARTY, THE MEMBERS OF ITS GROUP OR THEIR RESPECTIVE REPRESENTATIVES BE LIABLE TO THE OTHER PARTY FOR
    ANY INDIRECT, PUNITIVE, EXEMPLARY, REMOTE, SPECULATIVE OR SIMILAR DAMAGES IN EXCESS OF COMPENSATORY DAMAGES OF THE OTHER PARTY
    IN CONNECTION WITH THE PERFORMANCE OF THIS AGREEMENT (OTHER THAN ANY SUCH LIABILITY AS PERMITTED BY THE MASTER DISTRIBUTION
    AGREEMENT) AND EACH PARTY HEREBY WAIVES ON BEHALF OF ITSELF, THE MEMBERS OF ITS GROUP AND ITS REPRESENTATIVES ANY CLAIM FOR
    SUCH DAMAGES, WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE.

 

Section
6.02 Obligation to Re-Perform. In the event
of any breach of this Agreement by the Provider with respect to the provision of any Services which the Provider can reasonably
be expected to re-perform in a commercially reasonable manner, the Provider shall promptly correct in all material respects such
error, defect or breach or re-perform in all material respects such Services at the request of the Recipient and at the sole cost
and expense of the Provider. Any request for re-performance in accordance with this Section 6.02 by the Recipient must be in writing
and specify in reasonable detail the particular error, defect or breach, and such request must be made no more than one month
from the later of (x) the date on which such breach occurred and (y) the date on which such breach was reasonably discovered by
the Recipient.

 

Section
6.03 Recipient Indemnity. In addition to
(but not in duplication of) its other indemnification obligations (if any) under the Master Distribution Agreement, this Agreement
or any other Ancillary Agreement, but subject to the limitations set forth in Section 6.01, the Recipient shall indemnify, defend
and hold harmless the Provider, the members of the Provider’s Group and each of their respective Representatives, and each
of the successors and assigns of any of the foregoing (collectively, the “Provider Indemnitees”), from and
against any and all claims of Third Parties to the extent relating to, arising out of or resulting from the Provider’s furnishing
or failing to furnish the Services provided for in this Agreement, other than Third Party Claims to the extent arising out of
the gross negligence, willful misconduct or fraud of Provider or a member of Provider’s Group.

 

    	10

    	 

    

 

Section
6.04 Provider Indemnity. In addition to (but
not in duplication of) its other indemnification obligations (if any) under the Master Distribution Agreement, this Agreement
or any other Ancillary Agreement, but subject to the limitations set forth in Section 6.01, the Provider shall indemnify, defend
and hold harmless the Recipient, the members of the Recipient’s Group and each of their respective Representatives, and
each of the successors and assigns of any of the foregoing (collectively, the “Recipient Indemnitees”), from
and against any and all Liabilities to the extent relating to, arising out of or resulting from the sale, delivery, provision
or use of any Services provided by such Provider hereunder, but only to the extent that such Liability relates to, arises out
of or results from the gross negligence, willful misconduct or fraud of Provider or a member of Provider’s Group.

 

Section
6.05 Indemnification Procedures. The procedures
for indemnification set forth in Master Distribution Agreement shall govern claims for indemnification under this Agreement, mutatis
mutandis.

 

Article
VII. MISCELLANEOUS

 

Section
7.01 Independent Contractors. The Parties
each acknowledge and agree that they are separate entities, each of which has entered into this Agreement for independent business
reasons. The relationships of the Parties hereunder are those of independent contractors and nothing contained herein shall be
deemed to create a joint venture, partnership or any other relationship between the Parties or the respective members of its Group.
Employees performing Services hereunder do so on behalf of, under the direction of, and as employees of, the Provider, and the
Recipient shall have no right, power or authority to direct such employees.

 

Section
7.02 Dispute Resolution. In the event of
any controversy, dispute or claim (a “Dispute”) arising out of or relating to any Party’s rights or obligations
under this Agreement (whether arising in contract, tort or otherwise), calculation or allocation of the costs of any Service or
otherwise arising out of or relating in any way to this Agreement (including the interpretation or validity of this Agreement),
such Dispute shall be resolved in accordance with the dispute resolution process referred to in the Master Distribution Agreement.

 

Section
7.03 Incorporation by Reference. The provisions
of Article X of the Master Distribution Agreement (Miscellaneous) are incorporated herein by reference and shall apply to this
Agreement as though fully set forth herein, including the representations and warranties of the Parties as set forth therein,
provided that any reference therein to the “Agreement” shall be deemed a reference to this Agreement.

 

[Signatures
appear on following page]

 

    	11

    	 

    

 

IN
WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly authorized representatives as of the Effective
Date.

 

	 	Taronis
    Technologies, Inc.
	 	 	 
	 	By:	 
	 	Name:	Scott
    Mahoney
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	Taronis
    Fuels, Inc.
	 	 	 
	 	By:	 
	 	Name:	Scott
    Mahoney
	 	Title:	Chief
    Executive Officer

 

    	12

    	 

    

 

Schedule
1

 

Services;
Service Period; Additional Notes

 

	Item
    or Service	 	Provider
                                                                                                                                                   (Tech or Fuels or Both)
	 	Service
    Period	 	Additional
    Notes
	Executive
    Office:	 	Fuels	 	12
    months	 	Subject
    to extension
	Finance:	 	Both	 	12
    months	 	Subject
    to extension
	Taxation:	 	Both	 	12
    months	 	Subject
    to extension
	Legal/Compliance:	 	Both	 	12
    months	 	Subject
    to extension
	Government
    Relations/Public Relations:	 	Both	 	12
    months	 	Subject
    to extension
	Risk:	 	Both	 	12
    months	 	Subject
    to extension
	Information
    Technology: 	 	Fuels	 	12
    months	 	Subject
    to extension
	Marketing
    & Product Management:	 	Fuels	 	12
    months	 	Subject
    to extension
	Operations:	 	None	 	12
    months 	 	Subject
    to extension
	Human
    Resources:	 	Fuels	 	12
    months	 	Subject
    to extension
	Payroll:	 	Fuels	 	12
    months	 	Subject
    to extension
	Back
    Office/Computers/Communications:	 	Fuels	 	12
    months	 	Subject
    to extension
	Websites
    and Domains:	 	Fuels	 	12
    months	 	Subject
    to extension
	Software:	 	Fuels	 	12
    months	 	Subject
    to extension
	Regulatory:	 	Both	 	12
    months	 	Subject
    to extension
	SEC
    and OTC Compliance:	 	Both	 	12
    months	 	Subject
    to extension
	Asset
    maintenance:	 	Fuels	 	12
    months	 	Subject
    to extension
	Advertising:	 	Fuels	 	12
    months	 	Subject
    to extension
	Real
    Estate:	 	Fuels	 	12
    months	 	Subject
    to extension

 

    	13DISTRIBUTION
AND LICENSE AGREEMENT

 

THIS
Distribution and License Agreement, (hereinafter “Agreement”), dated the 16th day of July, 2019 is between
Taronis Technologies, Inc., a Delaware Corporation, f/k/a MagneGas Applied Technology
Solutions, Inc. and f/k/a MagneGas Corporation, and MAGNEGAS IP, LLC, a Delaware limited liability company (collectively, the
“Company”); and Taronis Fuels, Inc., a Delaware Corporation (“Distributor”).

 

RECITALS

 

WHEREAS,
the Company owns all right, title and interest in the trademark registrations identified in Schedule A (the “Trademarks”);

 

WHEREAS,
the Company owns all right, title and interest in the patents identified in Schedule B (the “Patents”);

 

WHEREAS,
the Distributor desires to be the exclusive worldwide manufacturer and distributor of gases created using the equipment and methods
claimed within the Patents;

 

WHEREAS,
in exchange for this right, Distributor will compensate Company.

 

NOW,
THEREFORE, in consideration of the foregoing Recitals which are incorporated by reference herein and forth other good and valuable
consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

 

AGREEMENT

 

		1.	Definitions.

 

		1.1.	“Trademark”
                                         or “Trademarks” means any registered trademark or trademark application listed
                                         in Schedule A.

 

		1.2.	“Patent”
                                         or “Patents” means any registered trademark or trademark application listed
                                         in Schedule B.

 

		1.3.	“Trademark
                                         Territory” means every country and territory in which a trademark from Schedule
                                         A is in use.

 

		1.4.	“Patent
                                         Territory” is defined as every country and territory in which a patent from Schedule
                                         B exists.

 

		1.5.	“Product”
                                         is defined as any gas produced using the equipment and methods claimed within any Patent,
                                         but excluding water treatment or treated water.

 

		1.6.	“Third-Parties”
                                         means any individual or entity that is not a party to this Agreement.

 

		1.7.	“Forecast”
                                         means the Distributor’s anticipated purchase quantities.

 

		2.	Trademark
                                         License Grant. Subject to the terms of this Agreement, Company grants to Distributor
                                         an exclusive license to use the Trademarks in conjunction with the Product within the
                                         Trademark Territory.

 

		3.	Patent
                                         License Grant. Subject to the terms of this Agreement, Company grants to Distributor
                                         an exclusive license under the Patents to make, use, sell, and offer for sale the Product
                                         within the Patent Territory.

 

		4.	Right
                                         to Enforce Trademarks. Company retains the right to enforce the Trademarks. If Distributor
                                         becomes aware of trademark infringement within the Trademark Territory, Distributor must
                                         inform Company within fourteen (14) calendar days. The Company may then choose whether,
                                         and how, to enforce the Trademarks against Third-Parties. The Company has the right to
                                         file lawsuits to enforce the Trademarks, and the right to join Distributor if Company
                                         determines joinder is appropriate. The Company bears the cost of such lawsuits, and the
                                         right to recover any damages or settlement payments.

 

    	1

    	 

    

 

		5.	Right
                                         to Enforce Patents. The Company retains the sole right to enforce the Patents. If
                                         Distributor becomes aware of patent infringement within the Patent Territory, Distributor
                                         must inform Company within fourteen (14) calendar days. The Company may then choose whether,
                                         and how, to enforce the Patents against Third-Parties. The Company has the right to file
                                         lawsuits to enforce the Patents, and the right to join Distributor if Company determines
                                         joinder is appropriate. The Company bears the cost of such lawsuits, and the right to
                                         recover any damages or settlement payments.

 

		6.	Prohibition
                                         of Sublicensing and Sale of Similar Products. Distributor may sublicense Trademarks
                                         or Patents with written consent of the Company.

 

		7.	Patent
                                         and Trademark Fees. Company is solely responsible for tracking and paying all fees
                                         and costs associated with maintaining registration of the Trademarks and Patents.

 

		8.	Grant
                                         Back of Products Developed by Distributor. Distributor, or its employees and members,
                                         may choose to develop inventions related to Products (“Distributor Invention”).
                                         If Distributor believes that it has reduced to practice a product that is an invention
                                         and is an appropriate subject of patent protection, Distributor shall contact Company
                                         within thirty (30) days, and prior to any public disclosure. Distributor hereby assigns
                                         any Inventions related to Products to Company. It is the sole responsibility of Company
                                         to file and prosecute any patent applications to achieve patents for Distributor Inventions.
                                         Schedule B will be amended from time to time to include any patents/applications
                                         resulting from a Distributor Invention, and that Distributor and Company agree to license.

 

		9.	Licensing
                                         New Trademarks to Distributor. The Company may seek to use and/or register additional
                                         trademarks. If the additional trademarks are related to the Product, Company may add
                                         the trademarks to Schedule A. Distributor will cooperate with Company to facilitate
                                         registration of additional trademarks, including helping Company to provide proof of
                                         use to the relevant trademark office, including executing any documents reasonably necessary
                                         for the procurement of registrations.

 

		10.	Licensing
                                         New Patents to Distributor. The Company may file additional patent applications,
                                         and be awarded additional patents. If the additional patents/applications are related
                                         to the Product, Company may add the patents/applications to Schedule B. The Company
                                         acknowledges that if additional patents are issued to Company, and the patents are related
                                         to the Product, Company will only license to Distributor and not to Third-Parties.

 

		11.	Royalty
                                         Payment. Distributor shall pay Company a royalty in exchange for the above licenses
                                         (“Royalty Payments”). Royalty Payments are calculated as seven percent (7%)
                                         of any net cash proceeds received by the Distributor in relation to use of the above
                                         licenses in any form or fashion. Distributor shall issue a Royalty Payment each month.
                                         The Royalty Payment is due no later than thirty (30) days after receipt of net cash proceeds
                                         received by the Distributor in relation to is use of the above licenses. Royalty payments
                                         will be wired or deposited electronically to an account specified by Company.

 

		12.	Sales
                                         Forecasts. Upon request, Distributor shall provide a Forecast of anticipated purchase
                                         quantities to Company. The scope of a requested Forecast will be negotiated between Company
                                         and Distributor at the time of the request.

 

		13.	Marking.
                                         All Products and advertising of Products bearing the Trademark must be marked with appropriate
                                         legend. Specifically, TM or ®, and such other legend as from time to time required
                                         by Company. All Products and advertising of the Products claimed by the Patents must
                                         be marked in accordance with 35 USC 287(a) as follows:

 

		13.1.1.	U.S.
                                         Pat. No. [Patent number(s) from Schedule B]

 

		14.	Quality
                                         Control. Distributor agrees to use Trademarks in conjunction with the Products under
                                         the quality standards and business practices that Company will from time to time establish
                                         and promulgate. The Company maintains the right, at any reasonable time, and without
                                         prior notice, to inspect Distributor’s use of the Trademarks in conjunction with
                                         Products for the purpose of insuring that the quality of Product under Trademarks meets
                                         or exceeds Company’s standards. The Distributor agrees to provide Product of a
                                         high quality, fit for its intended purpose.

 

    	2

    	 

    

 

		15.	Term
                                         and Termination. This Agreement shall remain in effect in perpetuity from the Effective
                                         Date, subject to termination as set forth herein.

 

		15.1.	This
                                         Agreement may be terminated by the Company if:

 

		15.1.1.	Company
                                         serves written notice of termination on Distributor twelve (12) months in advance of
                                         the anniversary of the Effective Date of this Agreement; or

 

		15.1.2.	Distributor
                                         fails to make a Royalty Payment when due; or

 

		15.1.3.	Distributor
                                         ceases production of any gas available for creation under this Agreement for a period
                                         of three (3) months.

 

		15.2.	In
                                         the event the other party breaches its obligation(s) under this Agreement, a party may
                                         terminate this Agreement in whole or in part subject to such notice if it sends a written
                                         notice demanding to cure the breach within reasonable period to the breaching party and
                                         breaching party fails to cure such breach.

 

		16.	Governing
                                         Law. This Agreement is interpreted and governed by the laws of Delaware, and the
                                         United States of America, as appropriate.

 

		17.	Venue.
                                         Venue for any litigation concerning this Agreement, the Patents, or Trademarks is the
                                         City of Phoenix, Maricopa County, State of Arizona or the Federal District Court situated
                                         in the City of Phoenix, Arizona.

 

		18.	Dispute
                                         Resolution.

 

		18.1.	If
                                         a dispute arises from or relates to this Agreement or the breach thereof, and if the
                                         dispute cannot be settled through direct discussions, the parties agree to endeavor first
                                         to settle the dispute by mediation administered by the American Arbitration Association
                                         under its Commercial Mediation Procedures before resorting to arbitration. The parties
                                         further agree that any unresolved controversy or claim arising out of or relating to
                                         this contract, or breach thereof, shall be settled by arbitration administered by the
                                         American Arbitration Association in accordance with its Commercial Arbitration Rules
                                         and judgment on the award rendered by the arbitrator(s) may be entered in any court having
                                         jurisdiction thereof. The arbitrator(s) shall be qualified in the field of intellectual
                                         property. The place of arbitration shall be Phoenix, Arizona. The arbitration shall be
                                         governed by the laws of the State of Arizona.

 

		18.2.	In
                                         making determinations regarding the scope of exchange of electronic information, the
                                         arbitrator(s) and the parties agree to be guided by The Sedona Principles, Third Edition:
                                         Best Practices, Recommendations & Principles for Addressing Electronic Document Production.

 

		18.3.	Hearings
                                         will take place pursuant to the standard procedures of the Commercial Arbitration Rules
                                         that contemplate in person hearings.

 

		18.4.	The
                                         arbitrators will have no authority to award punitive or other damages not measured by
                                         the prevailing party’s actual damages, except as may be required by statute.

 

		18.5.	The
                                         arbitrator(s) shall award to the prevailing party, if any, as determined by the arbitrators,
                                         all of their costs and fees. “Costs and fees” mean all reasonable pre-award
                                         expenses of the arbitration, including the arbitrators’ fees, administrative fees,
                                         travel expenses, out-of-pocket expenses such as copying and telephone, court costs, witness
                                         fees, and attorneys’ fees. The award of the arbitrators shall be accompanied by
                                         a reasoned opinion.

 

    	3

    	 

    

 

	19.	Notices.
                                         All notices relating to this Agreement must be in writing, and are deemed given when
                                         personally delivered, or upon delivery when sent by a method that permits tracking and
                                         signature confirmation (e.g., FedEx), or when emailed and confirmation provided by return
                                         email. Notices are to be addressed as follows:

 

	Company	 	 
	 	 	 
	 	TARONIS
    TECHNOLOGIES, INC.,	 
	 	 	 
	 	Attention:
                                         Chief Executive Officer

                                                          

        Address:
        300 W. Clarendon Avenue 

        #230, Phoenix, Arizona 85013
	 
	 	 	 
	Distributor	 	 
	 	 	 
	 	TARONIS
                                         FUELS, INC.

                                                          

        Attention:
        General Counsel

         

        Address:
        300 W. Clarendon Avenue 

        #230, Phoenix, Arizona 85013
	 

 

Either
party may change its address for notices by giving notice to the other party in the manner set forth in this section.

 

		20.	Integration.
                                         This Agreement constitutes the entire understanding and contractual rights and obligations
                                         of the parties concerning this Agreement, the Patents, and the Trademarks, and any prior
                                         or contemporaneous terms not expressed herein are not enforceable.

 

		21.	Severability.
                                         The parties intend as follows:

 

		21.1.	that
                                         if any provision of this Agreement is held to be unenforceable, then that provision will
                                         be modified to the minimum extent necessary to make it enforceable, unless that modification
                                         is not permitted by law, in which case that provision will be disregarded

 

		21.2.	that
                                         if an unenforceable provision is modified or disregarded in accordance with this section
                                         21, then the rest of the agreement will remain in effect as written; and

 

		21.3.	that
                                         any unenforceable provision will remain as written in any circumstances other than those
                                         in which the provision is held to be unenforceable.

 

		22.	Legal
                                         Fees. If either party brings an action to enforce their rights under this Agreement,
                                         the prevailing party may recover its expenses and reasonable legal fees from the losing
                                         party incurred in connection with the action and any appeal.

 

[Signature
Page Follows]

 

[The
Remainder of This Page is Intentionally Blank]

 

    	4

    	 

    

 

IN
WITNESS WHEREOF, this Agreement is executed and agreed to on behalf of the parties by their respective, duly authorized officers
or representatives identified below.

 

	COMPANY:	 
	 	 
	By:	/s/
    Scott     Mahoney	 
	Name:	Scott
    Mahoney	 
	Title:	Chief
    Executive Officer	 

 

DISTRIBUTOR:

 

	By:	/s/
    Scott     Mahoney	 
	Name:	Scott
    Mahoney	 
	Title:	President
    	 

 

    	5

    	 

    

 

Schedule
A – Trademarks

 

	Mark	 	Class

        

        Goods/Services
	 	Country	 	Serial
    No.	 	Reg.
    No.	 	Owner
    of Mark	 	Registration
    Date
	 	 	 	 	 	 	 	 	 	 	 	 	 
	MagneGas	 	IC
    004. US 001 006 015. G & S: Fuel for motor vehicles, namely an oxygen-rich, hydrocarbon-free gas produced as a byproduct
    of recycling liquid waste such as anti-freeze, oil waste and sewage.	 	US	 	78039484	 	2812824	 	MAGNEGAS
                                         CORPORATION DELAWARE

        150
        Rainville Road Tarpon Springs Florida 34689
	 	February
    10, 2004
	 	 	 	 	 	 	 	 	 	 	 	 	 
	MagneGas
    2	 	IC
    004. US 001 006 015. G & S: Fuels.	 	US	 	86642367	 	5156799	 	MAGNEGAS
                                         CORPORATION DELAWARE

        11885
        44th Street North Clearwater Florida 33762
	 	March
    7, 2017
	 	 	 	 	 	 	 	 	 	 	 	 	 
	mAgnetote	 	IC
    007. US 013 019 021 023 031 034 035. G & S: Portable tank system being a gas welding apparatus and containing a gas used
    for cutting and welding metal	 	US	 	86816532	 	5157232	 	MAGNEGAS
                                         CORPORATION DELAWARE

        11885
        44th Street North Clearwater Florida 33762
	 	March
7, 2017

	 	 	 	 	 	 	 	 	 	 	 	 	 
	venturi	 	IC
    007. US 013 019 021 023 031 034 035. G & S: machines for gasification, namely, industrial electrochemical reactors for
    converting liquid waste into gaseous hydrocarbon fuels	 	US	 	86454770	 	4952283	 	MAGNEGAS
                                         CORPORATION DELAWARE

        150
        Rainville Road Tarpon Springs Florida 34689
	 	May
    3, 2016
	 	 	 	 	 	 	 	 	 	 	 	 	 
	VENTURI
    Plasma Arc Flow	 	IC
    008. Machines for producing synthetic gas and decontaminating and sterilizing liquefied waste streams	 	US	 	TBD	 	TBD	 	Taronis
                                         Technologies, Inc. 

        DELAWARE

        

        11885
        44 th Street North Clearwater, FL 33762
	 	TBD

 

    	6

    	 

    

 

Schedule
B – Patents

 

	Serial
    Number	 	Date
    of Filing	 	Publication
    Number	 	Patent
    Number	 	Patent
    or Patent Application Title
	 	 	 	 	 	 	 	 	 
	09/372,277	 	8/11/1999	 	 	 	6,183,604	 	DURABLE
    AND EFFICIENT EQUIPMENT FOR THE PRODUCTION OF A COMBUSTIBLE AND NON-POLLUTANT GAS FROM UNDERWATER ARCS AND METHOD THEREFOR
	 	 	 	 	 	 	 	 	 
	09/970,405	 	10/03/2001	 	2003/0133855	 	6,663,752	 	CLEAN
    BURNING LIQUID FUEL PRODUCED VIA A SELF-SUSTAINING PROCESSING OF LIQUID FEEDSTOCK
	 	 	 	 	 	 	 	 	 
	09/896,422	 	6/29/2001	 	2002/0004022	 	6,673,322	 	APPARATUS
    FOR MAKING A NOVEL, HIGHLY EFFICIENT, NONPOLLUTANT, OXYGEN RICH AND COST COMPETITIVE COMBUSTIBLE GAS AND ASSOCIATED METHOD
	 	 	 	 	 	 	 	 	 
	10/008,813	 	12/07/2001	 	2003/0106787	 	6,926,872	 	APPARATUS
    AND METHOD FOR PRODUCING A CLEAN BURNING COMBUSTIBLE GAS WITH LONG LIFE ELECTRODES AND MULTIPLE PLASMA-ARC-FLOWS
	 	 	 	 	 	 	 	 	 
	10/020,091	 	12/14/2001	 	2003/0113597	 	6,972,118	 	APPARATUS
    AND METHOD FOR PROCESSING HYDROGEN, OXYGEN AND OTHER GASES
	 	 	 	 	 	 	 	 	 
	12/828,905	 	07/01/2010	 	2012/0000787	 	8,236,150	 	PLASMA-ARC-THROUGH
    APPARATUS AND PROCESS FOR SUBMERGED ELECTRIC ARCS
	 	 	 	 	 	 	 	 	 
	14/244,229	 	04/03/2014	 	2014/0299463	 	9,700,870	 	Method
    and Apparatus for the Industrial Production of New Hydrogen-Rich Fuels
	 	 	 	 	 	 	 	 	 
	14/288,807	 	05/28/2014	 	N/A	 	9,433,916	 	Plasma-arc-through
    Apparatus and Process for Submerged Electric Arcs with Venting
	 	 	 	 	 	 	 	 	 
	15/230,537
    	 	8/08/2016	 	US
    2016-0340790 A1	 	10,100,416	 	Plasma-arc-through
    Apparatus and Process for Submerged Electric Arcs with Venting
	 	 	 	 	 	 	 	 	 
	15/612,457
    	 	6/02/2017	 	US
    2017-0321130 A1	 	10,100,262	 	Method
    and Apparatus for the Industrial Production of New Hydrogen-Rich Fuels
	 	 	 	 	 	 	 	 	 
	62/542,689
    	 	8/08/2017	 	-	 	-	 	System,
    Method, and Apparatus for Gasification of a Solid or Liquid 
	 	 	 	 	 	 	 	 	 
	15/720,816
    	 	9/29/2017	 	US
    2018-0093248 A1	 	-	 	Apparatus
    for Flow-Through of Electric Arcs
	 	 	 	 	 	 	 	 	 
	16/052,759
    	 	8/02/2018	 	-	 	-	 	System,
    Method, and Apparatus for Gasification of a Solid or Liquid

 

    	7

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