SEC Contract Filing

Filing Date: 2022-05-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>ex10-2.htm
<DESCRIPTION>AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT DATED MAY 26, 2022
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<P STYLE="margin: 0; text-align: left"><A HREF="vtnr-8k_052622.htm">VERTEX ENERGY, INC. 8-K</A></P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0; text-align: left">&nbsp;</P>

<P STYLE="margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Execution Version&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><I>Confidential</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.75in"></P>

<P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>FIRST AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT</B></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS FIRST AMENDED
AND RESTATED REGISTRATION RIGHTS AGREEMENT (as amended from time to time in accordance with the terms hereof, this &ldquo;<U>Agreement</U>&rdquo;),
dated as of May 26, 2022, is made and entered into by and among Vertex Energy Inc., a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;),
and each of the undersigned entities (together with any person or entity who hereafter becomes a party to this Agreement pursuant
to&nbsp;<U>Section&nbsp;5.2</U>&nbsp;of this Agreement, a &ldquo;<U>Holder</U>&rdquo; and collectively the &ldquo;<U>Holders</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECITALS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, each of the
Company and the Holders is party to, and hereby consents to this amendment and restatement of, that certain Registration Rights
Agreement (the &ldquo;<U>Existing Registration Rights Agreement</U>&rdquo;), dated as of April 1, 2022, pursuant to which the Company
granted the Holders certain registration rights with respect to certain securities of the Company, as set forth therein; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company
is party to that certain Loan and Security Agreement (the &ldquo;<U>Original Loan Agreement</U>&rdquo;), dated as of April 1, 2022,
by and among the Company, Vertex Refining Alabama LLC, a Delaware limited liability company (&ldquo;<U>Borrower</U>&rdquo;), certain
direct and indirect subsidiaries of the Company from time to time party thereto and Cantor Fitzgerald Securities, as administrative
and collateral agent for the Lenders, pursuant to which the Lenders agreed to lend to Borrower an aggregate of $125,000,000; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, in connection
with the transactions contemplated by the Original Loan Agreement, and in accordance with that certain Warrant Agreement (the &ldquo;<U>Original
Warrant Agreement</U>&rdquo;), dated as of April 1, 2022, by and between the Company and the Warrant Agent (as defined therein),
pursuant to an exemption from registration provided by Section 4(a)(2), and Rule 506 thereunder, of the Securities Act, the Company
issued to the Holders an aggregate of 2,750,000 warrants (the &ldquo;<U>Original Warrants</U>&rdquo;), with each Original Warrant
entitling the holder thereof to purchase one share of Common Stock (such shares of Common Stock, as may be adjusted in accordance
with the Original Warrant Agreement, the &ldquo;<U>Original Warrant Shares</U>&rdquo;) at the Exercise Price (as defined in the
Original Warrant Agreement); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company
has entered into that certain Amendment Number One to Loan and Security Agreement (the &ldquo;<U>Loan Amendment</U>&rdquo;), dated
as of the date hereof, pursuant to which the Lenders agreed to lend to Borrower an additional aggregate amount of $40,000,000;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, in connection
with the transactions contemplated by the Loan Amendment, and in accordance with the terms of that certain Warrant Agreement (the
&ldquo;<U>New Warrant Agreement</U>&rdquo;), dated as of the date hereof, by and between the Company and the Warrant Agent (as
defined therein), and pursuant to an exemption from registration provided by Section 4(a)(2), and Rule 506 thereunde