Document:

Exhibit 4.35

 

TRADITION CAPITAL BANK

www.tradition.bank

952-806-6600

February 21, 2019

 

		RE:	Titan El Toro, LLC

Tradition Capital Bank Loan Agreement

 

To Whom It May Concern:

 

According to Section 4.10 of the Loan Agreement, Titan El Toro,
LLC is required to maintain a Debt Service Coverage Ratio of 1.25 to 1.0. Lender hereby waives the violation of the Debt Service
Coverage Ratio for 2018, and eliminates the requirement for 2019 and thereafter.

 

According to Section 4.19 of the Loan Agreement, Titan El Toro,
LLC is required to maintain a Minimum Tangible Equity position of at least $225,000. Lender hereby waives the violations of the
Equity Covenant for 2018, and eliminates the requirement for 2019 and thereafter.

 

According to Section 4.20 of the Loan Agreement, Titan El Toro,
LLC shall maintain a Debt to Equity ratio of 4.0 or less. Lender hereby waives the violations of the Debt to Equity ratio for 2018
and eliminates the requirement for 2019 and thereafter.

 

Please let me know if you need any additional information.

 

Sincerely,

 

Tradition Capital Bank

Vonda Wurzburger

Senior Vice President

Member FDIC ●  Equal Housing LenderExhibit 10.58

 

AMENDMENT
To

 

EQUIPMENT
LEASE AGREEMENT

 

THIS AMENDMENT TO EQUIPMENT
LEASE AGREEMENT (this “Amendment”) is entered into April 15, 2019, by and between Sheehy Enterprises,
Inc., a Wisconsin corporation (the “Lessor”), and Sheehy Mail Contractors, Inc., a Wisconsin corporation
(the “Lessee”). Capitalized terms used herein and not otherwise defined have the meanings given to such
terms in the Original Agreement (as defined below).

 

RECITALS

 

A. The
Lessor and Lessee entered into that certain Equipment Lease Agreement effective January 2, 2019 (the “Original Agreement”).

 

B. The
Parties desire to amend the Original Agreement as set forth herein.

 

AGREEMENTS

 

In consideration of
the promises herein, the recitals set forth above, which are incorporated into this Amendment by this reference, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Amendment agree
as follows:

 

1. Amendment
of Section 2.

 

Section 2 of the Original
Agreement is hereby deleted in its entirety and replaced with the following:

 

2. Lease Payments.
Lessor and Lessee acknowledge that effective January 2, 2019, EVO Transportation & Energy Services, Inc. promised to pay $400,000
to Lessor as an initial payment under the Original Agreement pursuant to a promissory note dated January 2, 2019. Commencing on
the Effective Date, the Lessee agrees to pay to the Lessor an amount equal to $83,333.00 per month (each, a “Lease
Payment”) for 48 months (the “Lease Term”), unless earlier terminated in accordance with
this Agreement. The first Lease Payment will be made on the Effective Date. Thereafter, Lease Payments during the Lease Term will
be due on each subsequent monthly anniversary of the Effective Date.

 

2. No
Other Amendments. Except as amended hereby, the Original Agreement shall in all other respects remain in full force and effect.

 

3. Third
Party Benefit. Nothing in this Amendment, expressed or implied, is intended to confer on any person other than the parties
to this Amendment or their respective successors or assigns, any rights, remedies, obligations or liabilities under or by reason
of this Amendment.

 

4. Governing
Law and Forum. All issues and questions concerning the construction, validity, enforcement, and interpretation of this Amendment
will be governed by the governing law, jurisdiction, waiver of jury trial, and other provisions set forth in Section 8.5 of
the Option Agreement.

 

5. Counterparts.
This Amendment may be executed simultaneously with original, facsimile, or.pdf signatures in one or more counterparts, each of
which will be deemed an original, but all of which together will constitute one and the same instrument.

 

***Signature Page
Follows***

 

     

     

    

 

IN WITNESS WHEREOF,
the Parties hereto have caused this Amendment to Equipment Lease Agreement to be duly executed as of the day and year first above
written.

 

	 	LESSOR:
	 	 
	 	SHEEHY ENTERPRISES,
    INC.
	 	 
	 	By:	 
	 	Name:	John Sheehy
	 	Its:	Chief Executive Officer
	 	 
	 	LESSEE:
	 	 
	 	EVO Transportation
    & Energy Services, Inc. on behalf of: 
	 	 
	 	SHEEHY MAIL CONTRACTORS,
    INC.
	 	 
	 	By:	/s/ Damon Cuzick
	 	Name:	Damon Cuzick
	 	Its:	PresidentExhibit
10.59

 

Promissory
Note

 

	$400,000.00	January
    2, 2019
	 	Peoria,
    Arizona

 

For
value received, the undersigned EVO Transportation and Energy Services Inc. (“Maker”) hereby promises to pay to the
order of Sheehy Enterprises Inc. (“Holder”) or their designee at 127 Central
Avenue, Waterloo, WI 53594 or such place as the Holder may designate to Maker in writing
from time to time in lawful U.S. currency the principal sum of Four Hundred Thousand Dollars and 00/100 ($400,000.00), together
with accrued interest from the above date at a rate equivalent to five point six five percent (5.65%)
per annum (the “Note”).

 

Note
shall be paid in full together will all accrued interest within sixty (60) days of the date
shown above. Notwithstanding the foregoing Note shall automatically renew a maximum of four (4) times for thirty (30)
days each time so long as neither Maker or Holder are in default on the Note. (the “Renewals”) .

 

If,
after all Renewals have been exhausted, if Maker has not paid the Note in full Note shall increase in value to Four Hundred Fifty
Thousand Dollars ($450,000.00) and shall convert to shares in EVO Transportation and Energy
Services Inc. at $2.50 per share.

 

This
Note may not be changed orally but only by an agreement in writing signed by both parties.

 

	MAKER:	 
	EVO
    Transportation & Energy Services, Inc.	 
	 	 
	/s/
    John Yeros	 
	By:
    John Yeros	 
	Its:
    CEO	 

 

	HOLDER:	 
	Sheehy
    Enterprises, Inc.	 
	 	 
	/s/
    John Sheehy	 
	By:
    John Sheehy	 
	Its:
    CEOExhibit
10.60

 

AMENDMENT
To

 

EQUITY
PURCHASE AGREEMENT

 

THIS
AMENDMENT TO EQUITY PURCHASE AGREEMENT (this “Amendment”) is made effective as of December 26,
2018, by and between EVO Transportation & Energy Services, Inc., a Delaware corporation (“Company”)
and Billy (Trey) Peck Jr. (“Peck”). Capitalized terms used herein and not otherwise defined have the
meanings given to such terms in in the Original Agreement (as defined below).

 

RECITALS

 

A.
The Equity Holder and the Company entered into that certain Equity Purchase Agreement dated June 1, 2018 (the
“Original Agreement”).

 

B.
The Parties desire to amend the Original Agreement as set forth herein.

 

AGREEMENTS

 

In
consideration of the promises herein, the recitals set forth above, which are incorporated into this Amendment by this reference,
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this
Amendment agree as follows:

 

1. Amendment
of Section 1.2. Subsection (a) of Section 1.2 of the Original Agreement is hereby deleted in its entirety and replaced
with the following:

 

(a)
The aggregate consideration (the “Purchase Price”) to be paid or issued by Buyer to or for the
benefit of the Equity Holder for the Equity Interests is:

 

(i)
Two Million Nine Hundred Fifty Thousand Dollars ($2,950,000) (the “Cash Purchase Price”), subject
to the Working Capital Adjustment, payable as follows:

 

(A)
Four Hundred Fifty Thousand Dollars ($450,000) to be paid within Ten (10) Business Days following such time as the Buyer
raises Forty Million Dollars ($40,000,000) in a public debt or equity securities offering (the “Public
Offering” as further defined in Exhibit A), Forty Million Dollars ($40,000,000) in a private debt or
equity securities offering or a series of private debt or equity securities offerings (the “Private Offerings” as
further defined in Exhibit A) or Forty Million Dollars ($40,000,000) total in some combination of a Public Offering
and Private Offerings on behalf of the Company and at the direction of the Equity Holder to the appropriate Person in respect
of the Line of Credit with Bank of Missouri, pursuant to a payoff letter delivered by such Person to Buyer and the Company in
form and substance reasonably satisfactory to Buyer.

 

However,
if Buyer fails to make the Four Hundred Fifty Thousand Dollar ($450,000) payment, as set forth above, on or before February 28,
2019 then at the option of Equity Holder by written notice to Buyer, Buyer shall immediately surrender all right, title and interest
in all of the outstanding shares of stock in the Company to Equity Holder and all shares shall be re-issued to Equity Holder.

 

     

     

    

 

(B)
The remaining Two Million Five Hundred Thousand Dollars ($2,500,000) payable in equal monthly installments of Fourteen
Thousand Dollars ($14,000) each commencing on the Closing Date, provided that the remaining balance of the Cash Purchase
Price will be paid, the earlier of, within Ten (10) Business Days following completion of the Public Offering or Private
Offerings, or February 28, 2019. The above agreement to be evidenced by a promissory note in the form of Exhibit B
attached hereto and incorporated herein by reference (the “Seller Note”).

 

If
Buyer fails to pay balance of the Cash Purchase Price, as set forth above, on or before February 28, 2019 then at the option of
Equity Holder by written notice to Buyer, Buyer shall immediately surrender all right, title and interest in all of the outstanding
shares of stock in the Company to Equity Holder and all shares shall be re-issued to Equity Holder.

 

Seller
Note shall be secured by a Security Agreement by Buyer to Equity Holder secured by the Equity Interests (and all associated UCC
financing statements and filings) and a Pledge Agreement by Buyer to Equity Holder as to all Company stock. Such Security Agreement
and Pledge Agreement shall be in substantially the form attached hereto as Exhibit C and incorporated herein by reference;

 

(ii)
Five Hundred Thousand (500,000) shares of common stock, par value $0.0001 per share (the “Common
Stock”) of Buyer issued to Equity Holder pursuant to this Agreement and the Subscription Agreement, attached
hereto as Exhibit D and incorporated herein by reference, (the “Buyer
Shares”);

 

(iii)
Three Hundred Thirty-Three Thousand Three Hundred Thirty-Three (333,333) warrants to purchase Common Stock at a Strike Price
of Three and 00/100 Dollars ($3.00) per share, to be issued upon the one-year anniversary of the Closing Date pursuant to a
Warrant Agreement in the form attached as Exhibit E and incorporated herein by reference;

 

(iv)
Three Hundred Thirty-Three Thousand Three Hundred Thirty-Three (333,333) warrants to purchase Common Stock at a Strike Price
of Five and 00/100 Dollars ($5.00) per share, to be issued upon the two-year anniversary of the Closing Date pursuant to a
Warrant Agreement in the form attached as Exhibit E;

 

(v)
Three Hundred Thirty-Three Thousand Three Hundred Thirty-Three (333,333) warrants to purchase Common Stock at a Strike Price
of Seven and 00/100 Dollars ($7.00) per share, to be issued upon the three-year anniversary of the Closing Date pursuant to a
Warrant Agreement in the form attached as Exhibit E; and

 

    2

     

    

 

(vi)
Continued employment of Equity Holder by the Buyer at the Company according to a term Employment Agreement1 between
Equity Holder and Company attached hereto as Exhibit F and incorporated herein by reference (the “Employment
Agreement”).

 

2.       No
Other Amendments. Except as amended hereby, the Original Agreement shall in all other respects remain in full force and effect.

 

3.       Third
Party Benefit. Nothing in this Amendment, expressed or implied, is intended to confer on any person other than the parties
to this Amendment or their respective successors or assigns, any rights, remedies, obligations or liabilities under or by reason
of this Amendment.

 

4.       Governing
Law and Forum. This Amendment and the legal relations among the Parties hereto will be governed by and construed in accordance
with the internal substantive Laws of the State of Missouri (without regard to the Laws of conflict that might otherwise apply)
as to all matters, including without limitation matters of validity, construction, effect, performance and remedies. Each of the
Parties hereto irrevocably submits to the exclusive jurisdiction of the courts of the State of Missouri, County of Greene and
of the United States located in Missouri, for the purposes of any such action or other proceeding arising out of this Amendment
or any transaction contemplated hereby.

 

5.       Counterparts.
This Amendment may be executed simultaneously with original, facsimile, or.pdf signatures in one or more counterparts, each of
which will be deemed an original, but all of which together will constitute one and the same instrument.

 

***Signature
Page Follows***

 

 

 

1
Trey will have the right to foreclose on the Seller Note if Buyer terminates his employment other than for Cause, and he
would also be entitled to severance.

 

    3

     

    

 

IN
WITNESS WHEREOF, the Parties hereto have caused this Amendment to Equity Purchase Agreement to be duly executed as of the day
and year first above written.

 

	PECK:
 
	 	COMPANY: 

	 	 	 	 
	 	 	EVO TRANSPORTATION & ENERGY SERVICES, INC.
	 	 	 	 
	/s/
    Billy (Trey) Peck Jr.	 	By:	/s/
    Damon Cuzick
	Billy
(Trey) Peck Jr.
	 	 	Name:
    Damon Cuzick
	 	 	 	Its:
    President

 

 

Signature
Page to Amendment to Equity Purchase Agreement

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