Document:

Exhibit 10.3

 

BAT GROUP, INC.

Room 104, No. 33 Section D,

No. 6 Middle Xierqi Road,

Haidian District, Beijing, China 100085

+86(010)59441080

 

October 17, 2019

 

BEIJING___

BEIJING__CHINA____

 

Re: Director Offer Letter

 

Dear Mr. Weicheng Pan

 

Bat Group, Inc., a Delaware corporation
(the “Company”), is pleased to offer you a position as a member of its Board of Directors (the “Board”).
We believe your background and experience will be a significant asset to the Company and we look forward to your participation
on the Board. Should you choose to accept this position as a member of the Board, this letter agreement (the “Agreement”)
shall constitute an agreement between you and the Company and contains all the terms and conditions relating to the services you
agree to provide to the Company.

 

1. 
Term. This Agreement is effective upon your acceptance and signature below. Your term as director shall continue
subject to the provisions in Section 8 below or until your successor is duly elected and qualified. The position shall be up for
re-election each year at the annual shareholder’s meeting and upon re-election, the terms and provisions of this Agreement
shall remain in full force and effect.

 

2.  
Services. You shall render services as a member of the Board and the Board’s committees set forth on Schedule
A attached hereto (hereinafter your “Duties”). During the term of this Agreement, you shall attend and participate
in such number of meetings of the Board and of the committee(s) of which you are a member as regularly or specially called. You
may attend and participate at each such meeting via teleconference, video conference or in person. You shall consult with the other
members of the Board and committee(s) as necessary via telephone, electronic mail or other forms of correspondence.

 

3.  
Compensation. As compensation for your services to the Company, you will receive $10,000 in cash per year paid
quarterly for serving on the Board starting from the date of this Agreement, which shall be paid to you quarterly in arrears as
determined by the Company. You shall be reimbursed for reasonable and approved expenses incurred by you in connection with the
performance of your Duties.

 

4.  No
Assignment. Because of the personal nature of the services to be rendered by you, this Agreement may not be assigned by
you without the prior written consent of the Company.

 

5. 
Confidential Information; Non-Disclosure. In consideration of your access to certain Confidential Information
(as defined below) of the Company, in connection with your business relationship with the Company, you hereby represent and agree
as follows:

 

a. Definition. For purposes of this
Agreement the term “Confidential Information” means:

 

i. Any information which
the Company possesses that has been created, discovered or developed by or for the Company, and which has or could have commercial
value or utility in the business in which the Company is engaged; or

 

ii. Any information which is related to the business
of the Company and is generally not known by non-Company personnel.

 

iii. Confidential Information
includes, without limitation, trade secrets and any information concerning services provided by the Company, concepts, ideas, improvements,
techniques, methods, research, data, know-how, software, formats, marketing plans, and analyses, business plans and analyses, strategies,
forecasts, customer and supplier identities, characteristics and agreements.

 

b. Exclusions. Notwithstanding
the foregoing, the term Confidential Information shall not include:

 

i. Any information which
becomes generally available to the public other than as a result of a breach of the confidentiality portions of this Agreement,
or any other agreement requiring confidentiality between the Company and you;

 

ii. Information received from a third party in
rightful possession of such information who is not restricted from disclosing such information; and

 

iii. Information known by you prior to receipt
of such information from the Company, which prior knowledge can be documented.

 

     

     

    

 

c. Documents. You
agree that, without the express written consent of the Company, you will not remove from the Company's premises, any notes, formulas,
programs, data, records, machines or any other documents or items which in any manner contain or constitute Confidential Information,
nor will you make reproductions or copies of same. You shall promptly return any such documents or items, along with any reproductions
or copies, to the Company upon the earliest of Company's demand, termination of this Agreement, or your termination or Resignation,
as defined in Section 8 herein.

 

d. Confidentiality.
You agree that you will hold in trust and confidence all Confidential Information and will not disclose to others, directly
or indirectly, any Confidential Information or anything relating to such information without the prior written consent of the Company,
except as maybe necessary in the course of your business relationship with the Company. You further agree that you will not use
any Confidential Information without the prior written consent of the Company, except as may be necessary in the course of your
business relationship with the Company, and that the provisions of this paragraph (d) shall survive termination of this Agreement.

 

e. Ownership. You
agree that Company shall own all right, title and interest (including patent rights, copyrights, trade secret rights, mask work
rights, trademark rights, and all other intellectual and industrial property rights of any sort throughout the world) relating
to any and all inventions (whether or not patentable), works of authorship, mask works, designations, designs, know-how, ideas
and information made or conceived or reduced to practice, in whole or in part, by you during the term of this Agreement and that
arise out of your Duties (collectively, “Inventions”) and you will promptly disclose and provide all Inventions
to the Company. You agree to assist the Company, at its expense, to further evidence, record and perfect such assignments, and
to perfect, obtain, maintain, enforce, and defend any rights assigned.

 

6. Non-Competition. You agree
and undertake that you will not, so long as you are a member of the Board and for a period of 12 months following termination of
this Agreement for whatever reason, directly or indirectly as owner, partner, joint venture, stockholder, employee, broker, agent
principal, corporate officer, director, licensor or in any other capacity whatsoever, engage in, become financially interested
in, be employed by, or have any connection with any business or venture that is engaged in any activities involving services or
products which compete, directly or indirectly, with the services or products provided or proposed to be provided by the Company
or its subsidiaries or affiliates; provided, however, that you may own securities of any public corporation
which is engaged in such business but in an amount not to exceed at any one time, one percent of any class of stock or securities
of such company, so long as you has no active role in the publicly owned company as director, employee, consultant or otherwise.

 

7. Non-Solicitation. So
long as you are a member of the Board and for a period of 12 months thereafter, you shall not directly or indirectly solicit for
employment any individual who was an employee of the Company during your tenure.

 

8. Termination
and Resignation. Your membership on the Board may be terminated for any or no reason by a vote of the stockholders holding
at least a majority of the shares of the Company’s issued and outstanding shares entitled to vote. Your membership on the
Board or on a Board committee may be terminated for any or no reason by a majority of the Board at any time, if you have been declared
incompetent by an order of a court of competent jurisdiction or convicted of a felony. You may also terminate your membership on
the Board or on a committee for any or no reason by delivering your written notice of resignation to the Company (“Resignation”),
and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice
of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder
will terminate subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) that
you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your
Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective date of
such termination or Resignation shall be forfeited and cancelled.

 

9. Governing
Law. All questions with respect to the construction and/or enforcement of this Agreement, and the rights and obligations
of the parties hereunder, shall be determined in accordance with the law of the State of New York applicable to agreements made
and to be performed entirely in the State of New York.

 

10. Entire
Agreement; Amendment; Waiver; Counterparts. This Agreement expresses the entire understanding with respect to the subject
matter hereof and supersedes and terminates any prior oral or written agreements with respect to the subject matter hereof. Any
term of this Agreement may be amended and observance of any term of this Agreement may be waived only with the written consent
of the parties hereto. Waiver of any term or condition of this Agreement by any party shall not be construed as a waiver of any
subsequent breach or failure of the same term or condition or waiver of any other term or condition of this Agreement. The failure
of any party at any time to require performance by any other party of any provision of this Agreement shall not affect the right
of any such party to require future performance of such provision or any other provision of this Agreement. This Agreement may
be executed in separate counterparts each of which will be an original and all of which taken together will constitute one and
the same agreement, and may be executed using facsimiles of signatures, and a facsimile of a signature shall be deemed to be the
same, and equally enforceable, as an original of such signature.

 

11. Indemnification.
The Company shall, to the maximum extent provided under applicable law, indemnify and hold you harmless from and against any
expenses, including reasonable attorney’s fees, judgments, fines, settlements and other legally permissible amounts
(“Losses”), incurred in connection with any proceeding arising out of, or related to, your performance of
your Duties, other than any such Losses incurred as a result of your negligence or willful misconduct. The Company shall
advance to you any expenses, including reasonable attorneys’ fees and costs of settlement, incurred in defending any
such proceeding to the maximum extent permitted by applicable law. Such costs and expenses incurred by you in defense of any
such proceeding shall be paid by the Company in advance of the final disposition of such proceeding promptly upon receipt by
the Company of (a) written request for payment; (b) appropriate documentation evidencing the incurrence, amount and nature of
the costs and expenses for which payment is being sought; and (c) an undertaking adequate under applicable law made by or on
your behalf to repay the amounts so advanced if it shall ultimately be determined pursuant to any non-appealable judgment or
settlement that you are not entitled to be indemnified by the Company.

 

    2

     

    

 

12. Not an Employment Agreement.
This Agreement is not an employment agreement, and shall not be construed or interpreted to create any right for you to continue
employment with the Company.

 

13. Acknowledgement.
You accept this Agreement subject to all the terms and provisions of this Agreement. You agree to accept as binding, conclusive,
and final all decisions or interpretations of the Board of Directors of the Company of any questions arising under this Agreement.

 

The Agreement has been executed and delivered by the undersigned
and is made effective as of the date set first set forth above.

 

	 	Sincerely,
	 	 	 
	 	BAT GROUP, INC.
	 	 	 
	 	By:	/s/ Jiaxi Gao
	 	Name:	Jiaxi Gao
	 	Title:	Chief Executive Officer

 

	AGREED AND ACCEPTED:	 
	 	 
	/s/ Weicheng Pan	 
	Weicheng Pan	 

 

 

3emesz-ex1026_737.htm

EXHIBIT 10.26

 

Emerge Energy Services LP

5600 Clearfork Main Street, Suite 400

Fort Worth, Texas 76109

 

April 23, 2019

 

William L. Transier

Transier Advisors, LLC

12128 Madeleine Circle

Dallas, TX  75230

 

Re:Non-Employee Director Compensation

 

Dear Mr. Transier:

 

As duly approved by the Board of Directors (the “Board”) of Emerge Energy Services GP LLC (the “General Partner”), the general partner of Emerge Energy Services LP (the “Partnership” and, together with the General Partner, the “Company”), this letter confirms the terms of your appointment as a member of the Board.  

 

As a member of the Board, you (or, the “Director”) will receive the following compensation and benefits during the term of this letter agreement: (i) reimbursement for all reasonable and documented out-of-pocket expenses incurred by you in connection with your service to the Company in accordance with the Company’s applicable policies; and (ii) annual cash compensation of $360,000.00, payable in equal monthly installments in advance of the applicable month of service (the “Annual Retainer”).  In the event that (i) your service as a member of the Board is terminated by the Company without “Cause” (as defined below) within the period that is nine months from the date hereof and (ii) within ten days following such termination date, you execute and deliver to the Company a general release of claims in the form attached hereto as Exhibit A (but updated to reflect any changes or updates in applicable law), then the Company shall, within two (2) business days following the date on which you deliver to the Company such general release of claims, (1) pay to you a lump sum payment equal to (x) $180,000 less (y) all amounts already paid to you hereunder (including any portion of the Annual Retainer but excluding any amounts paid as reimbursement for reasonable and documented out-of-pocket expenses) prior to the date of such termination, and (2) execute and deliver to you a general release of claims in the form attached hereto as Exhibit B (but updated to reflect any changes or updates in applicable law).  For the avoidance of doubt, should your service as a member of the Board be terminated by the Company for Cause, due to your resignation for any reason, or due to your death or disability, in any case, within the period that is nine months from the date hereof, then you shall not be entitled to the payment described in the preceding sentence.  In addition, you will be covered by the Company’s directors’ and officers’ insurance policy and the Company’s existing indemnification and similar protections under the applicable organizational documents.

 

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US-DOCS\107387206.2

For purposes of this Agreement, “Cause” means the occurrence of any of the following, as affirmatively determined by a majority of the members of the Board who qualify as “independent” under the listing standards of the New York Stock Exchange (collectively, the “Independent Directors”) in their good faith and reasonable judgment: (i) willful and continued refusal to perform your duties, other than by reasons of disability, (ii) committing an act constituting a felony under state or federal law, (iii) engaging in an act of fraud, dishonesty or gross misconduct in connection with the business of the Company or its affiliates, or (iv) theft or misappropriation, or attempted theft or misappropriation, of funds, property or a business opportunity from the Company or its affiliates; provided, however, that in the case of clauses (i) and (iv) of the preceding portion of this sentence, the Independent Directors shall have given you at least 30 days’ notice of their initial determination that your conduct may provide the Company with a basis for terminating your service for “Cause,” and you shall be provided with a reasonable opportunity during the 30-day period following such notice to cure the conditions that are the alleged basis for terminating your service for “Cause.”

 

Our expectation is that the Board (or any committee thereof) will meet as frequently as is necessary given the circumstances of the Company.  It is our expectation that you will participate in those meetings, which attendance may be telephonic.  These meetings will not be compensable time.

 

Your service on the Board will be in accordance with, and subject to, the organizational documents of the Company and applicable law concerning the service of directors in the state of Delaware, as the same may be further amended from time to time.  Moreover, a member of the Board may resign or be removed by the members of the General Partner at any time, with or without cause, in which event this letter agreement shall, subject to the payment provisions set forth above, terminate as of the date of such resignation or removal, except as specifically provided herein.

 

  The Company and the Director each acknowledge that in order for the Director to perform his duties as a director of the Company, the Director shall necessarily be obtaining access to certain confidential information concerning the Company and its affiliates, including, but not limited to business methods, information systems, financial data and strategic plans which are unique assets of the Company or its affiliates (“Confidential Information”).  The Director covenants that he shall not, either directly or indirectly, in any manner, utilize or disclose to any person, firm, corporation, association or other entity any Confidential Information, except (i) as required by law, (ii) pursuant to a subpoena or order issued by a court, governmental body, agency or official, or (iii) to the extent such information (A) is generally known to the public (other than as a result of a disclosure by Director in violation of this letter agreement), (B) was known to the Director on a non-confidential basis prior to its disclosure to the Director by the Company, (C) was obtained by the Director on a non-confidential basis from a third party (other than the Company or any affiliate thereof) which, to Director’s knowledge, was not prohibited from disclosing such information to the Director pursuant to any contractual, legal or fiduciary obligation, or (D) was independently derived by the Director without any use of Confidential Information.   With respect to clause (i) and (ii) above, the Director will, to the extent commercially practicable and permitted by law, notify us promptly in writing (which may be via email) so that we may seek, at the sole expense of the Company, a protective order or other appropriate remedy or, in our sole discretion, waive 

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compliance with the terms of this letter agreement.  In the event that no such protective order or other remedy is obtained, or that we waive compliance with the terms of this letter agreement, the Director will be permitted to furnish only that portion of the Confidential Information that you are advised by legal counsel (which may be internal counsel) is legally required or requested to be furnished and will exercise your commercially reasonable efforts to obtain reliable assurance that confidential treatment will be accorded to the Confidential Information.  This paragraph shall continue in effect after the Director has ceased acting as a Director of the Company.  Notwithstanding the foregoing, nothing herein is intended to or shall prevent the Director from communicating directly with, cooperating with, or providing information (including trade secrets) in confidence to, any federal, state or local government regulator (including, but not limited to, the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission, or the U.S. Department of Justice) for the purpose of reporting or investigating a suspected violation of law, or from providing such information to the Director’s attorney or in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.  Nothing in this letter is intended to conflict with 18 U.S.C. § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b).

 

In accepting this offer, you are representing to us that you do not know of any conflict or legal prohibition that would restrict you from becoming, or could reasonably be expected to preclude you from remaining a director of the General Partner.

 

The waiver by either party of the breach of any provision of this letter agreement shall not operate as or be construed as a waiver of any subsequent breach thereof.

 

The rights and benefits of the Company under this letter agreement shall not be transferable except by operation of law without Director’s consent, and all the covenants and agreements hereunder shall inure to the benefit of, and be enforceable by or against, its successors and assigns.  The duties and obligations of the Director under this letter agreement are personal and therefore the Director may not assign any right or duty under this letter agreement without the prior written consent of the Company.

 

No amount that is deferred compensation subject to Section 409A of the Internal Revenue Code, as amended (the “Code”) shall be payable pursuant to this letter upon a termination of service unless your termination of service constitutes a “separation from service” from the Company within the meaning of Section 409A of the Code and the Department of Treasury regulations and other guidance promulgated thereunder (“Section 409A”). For purposes of Section 409A, your right to receive any installment payments under this letter shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

 

This letter agreement shall be binding upon and inure to the benefit of and be enforceable by each of the parties hereto and their respective successors, assigns (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), heirs and personal legal representatives.  The Company shall require and cause any successor (whether direct or indirect, and whether by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business or assets 

3

 

of the Company to expressly to assume and agree to perform this letter agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

 

You and the Company acknowledge that this letter agreement is governed by and shall be construed in accordance with laws of the state of New Jersey without giving effect to any choice or conflict of law provision or rule (whether of the state of New Jersey or any other jurisdiction) that would cause the application of the laws of any jurisdictions other than the state of New Jersey.

 

This letter sets forth the terms of your service with the Company and supersedes any prior representations or agreements, whether written or oral. This letter must be accepted within five business days of the date set forth above, and it may not be modified or amended (or any term or provision waived) except by a written agreement, signed by a duly authorized representative of the Company and by you.

 

We look forward to working with you.

 

 

Very truly yours,

 

Emerge Energy Services GP LLC 

 

 

By:____________________________________

Name: 

Title:

 

Emerge Energy Services LP 

By: Emerge Energy Services GP LLC

 

 

By:__________________________________

Name: 

Title:

 

 

[Signature page continues on following page]

 

 

 

4

 

ACCEPTED AND AGREED

 

I hereby consent to be designated as a member of the Board and agree to so serve, subject to the terms and conditions set forth herein. 

 

 

 

William L. Transier

 

 

Dated:  April 23, 2019

 

 

5

 

EXHIBIT A

 

GENERAL RELEASE

For valuable consideration, the receipt and adequacy of which are hereby acknowledged, the undersigned does hereby release and forever discharge the “Releasees” hereunder, consisting of Emerge Energy Services GP LLC (the “General Partner”), Emerge Energy Services LP (the “Partnership” and, together with the General Partner, the “Company”) and their respective partners, subsidiaries, associates, affiliates, successors, heirs, assigns, agents, directors, officers, employees, representatives, lawyers, insurers, and all persons acting by, through, under or in concert with them, or any of them, of and from any and all manner of action or actions, cause or causes of action, in law or in equity, suits, debts, liens, contracts, agreements, promises, liability, claims, demands, damages, losses, costs, attorneys’ fees or expenses, of any nature whatsoever, known or unknown, fixed or contingent (hereinafter called “Claims”), which the undersigned now has or may hereafter have against the Releasees, or any of them, by reason of any matter, cause, or thing whatsoever from the beginning of time to the date hereof.  The Claims released herein include, without limiting the generality of the foregoing, any Claims in any way arising out of, based upon, or related to the service or termination of service of the undersigned by the Releasees, or any of them; any alleged breach of any express or implied contract of service; any alleged torts or other alleged legal restrictions on Releasees’ right to terminate the service of the undersigned; and any alleged violation of any federal, state or local statute or ordinance.  Notwithstanding the foregoing, this general release (the “Release”) shall not operate to release any rights or claims of the undersigned (i) to the payments provided in exchange for this Release under that certain Non-Employee Director Compensation Agreement, effective as of April 23, 2019, between the Company and the undersigned, (ii) to accrued or vested benefits the undersigned may have, if any, as of the date hereof under any applicable plan, policy, practice, program, contract or agreement with the Company, (iii) to any Claims, including claims for indemnification and/or advancement of expenses arising under any indemnification agreement between the undersigned and the Company or under the bylaws, certificate of incorporation or other similar governing document of the Company, (iv) to any Claims which cannot be waived under applicable law, (v) with respect to the undersigned’s right to communicate directly with, cooperate with, or provide information to, any federal, state or local government regulator, or (vi) arising out of (a) the Company’s intentional, willful or gross misconduct or (b) the Company’s fraud or breach of fiduciary duty.

 

The undersigned represents and warrants that there has been no assignment or other transfer of any interest in any Claim which the undersigned may have against Releasees, or any of them, and the undersigned agrees to indemnify and hold Releasees, and each of them, harmless from any liability, Claims, demands, damages, costs, expenses and attorneys’ fees incurred by Releasees, or any of them, as the result of any such assignment or transfer or any rights or Claims under any such assignment or transfer.  It is the intention of the parties that this indemnity does not require payment as a condition precedent to recovery by the Releasees against the undersigned under this indemnity.

 

Notwithstanding anything herein, the undersigned acknowledges and agrees that, pursuant to 18 USC Section 1833(b), the undersigned will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made: (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and 

Exhibit A

 

solely for the purpose of reporting or investigating a suspected violation of law; or (ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.

 

The undersigned agrees that if the undersigned hereafter commences any suit arising out of, based upon, or relating to any of the Claims released hereunder or in any manner asserts against Releasees, or any of them, any of the Claims released hereunder, then the undersigned agrees to pay to Releasees, and each of them, in addition to any other damages caused to Releasees thereby, all attorneys’ fees incurred by Releasees in defending or otherwise responding to said suit or Claim.

 

The undersigned further understands and agrees that neither the payment of any sum of money nor the execution of this Release shall constitute or be construed as an admission of any liability whatsoever by the Releasees, or any of them, who have consistently taken the position that they have no liability whatsoever to the undersigned.

 

IN WITNESS WHEREOF, the undersigned has executed this Release this ____ day of ___________, ____.

 

 

 

 

Exhibit A

 

EXHIBIT B

 

GENERAL RELEASE

For valuable consideration, the receipt and adequacy of which are hereby acknowledged, the undersigned do hereby release and forever discharge the “Releasees” hereunder, consisting of William L. Transier and his heirs and assigns, of and from any and all manner of action or actions, cause or causes of action, in law or in equity, suits, debts, liens, contracts, agreements, promises, liability, claims, demands, damages, losses, costs, attorneys’ fees or expenses, of any nature whatsoever, known or unknown, fixed or contingent (hereinafter called “Claims”), which the undersigned now have or may hereafter have against the Releasees, or any of them, by reason of any matter, cause, or thing whatsoever from the beginning of time to the date hereof.  The Claims released herein include, without limiting the generality of the foregoing, any Claims in any way arising out of, based upon, or related to the service or termination of service of the undersigned by the Releasees, or any of them; any alleged breach of any express or implied contract of service; any alleged torts or other alleged legal restrictions on Releasees’ right to terminate the service of the undersigned; and any alleged violation of any federal, state or local statute or ordinance.  Notwithstanding the foregoing, this general release (the “Release”) shall not operate to release any rights or claims of the undersigned arising out of (i) Mr. Transier’s intentional, willful or gross misconduct or (ii) Mr. Transier’s fraud or breach of fiduciary duty.

 

The undersigned represent and warrant that there has been no assignment or other transfer of any interest in any Claim which the undersigned may have against Releasees, or any of them, and the undersigned agree to indemnify and hold Releasees, and each of them, harmless from any liability, Claims, demands, damages, costs, expenses and attorneys’ fees incurred by Releasees, or any of them, as the result of any such assignment or transfer or any rights or Claims under any such assignment or transfer.  It is the intention of the parties that this indemnity does not require payment as a condition precedent to recovery by the Releasees against the undersigned under this indemnity.

 

The undersigned agree that if the undersigned hereafter commence any suit arising out of, based upon, or relating to any of the Claims released hereunder or in any manner asserts against Releasees, or any of them, any of the Claims released hereunder, then the undersigned agree to pay to Releasees, and each of them, in addition to any other damages caused to Releasees thereby, all attorneys’ fees incurred by Releasees in defending or otherwise responding to said suit or Claim.

 

The undersigned further understand and agree that neither the payment of any sum of money nor the execution of this Release shall constitute or be construed as an admission of any liability whatsoever by the Releasees, or any of them, who have consistently taken the position that they have no liability whatsoever to the undersigned.

 

 

[Signature page follows]

Exhibit B

 

IN WITNESS WHEREOF, the undersigned have executed this Release this ____ day of ___________, ____.

 

 

 

Emerge Energy Services GP LLC 

 

 

By:____________________________________

Name: 

Title:

 

Emerge Energy Services LP 

By: Emerge Energy Services GP LLC

 

 

By:__________________________________

Name: 

Title:

 

Exhibit B

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