SEC Contract Filing

Filing Date: 2021-11-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>snmp-20211103ex105e1bae1.htm
<DESCRIPTION>EX-10.5
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.11.0.85--><!--Created on: 11/9/2021 02:13:35 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="margin-top:30pt;min-height:36pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">Exhibit 10.5</b></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><a name="_Hlk82529502"></a><b style="font-weight:bold;">EXECUTIVE SERVICES AGREEMENT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="margin-bottom:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><b style="font-weight:bold;">THIS EXECUTIVE SERVICES AGREEMENT</b> (this &#8220;<font style="font-style:italic;font-weight:bold;">Agreement</font>&#8221;) is made and entered into as of November 3, 2021 (the &#8220;<font style="font-style:italic;font-weight:bold;">Effective Date</font>&#8221;), by and between Mike Keuss (&#8220;<font style="font-style:italic;font-weight:bold;">Executive</font>&#8221;) and Evolve Transition Infrastructure GP LLC (formerly known as Sanchez Midstream Partners GP LLC), a Delaware limited liability company (the &#8220;<font style="font-style:italic;font-weight:bold;">Company</font>&#8221;) and the general partner of Evolve Transition Infrastructure LP (formerly known as Sanchez Midstream Partners LP), a Delaware limited partnership (the &#8220;<font style="font-style:italic;font-weight:bold;">Partnership</font>,&#8221; and together with the Company, the &#8220;<font style="font-style:italic;font-weight:bold;">Partnership Parties</font><font style="white-space:pre-wrap;">&#8221;). Executive and the Company are collectively referred to herein as the &#8220;</font><font style="font-style:italic;font-weight:bold;">Parties</font>,&#8221; and individually as a &#8220;<font style="font-style:italic;font-weight:bold;">Party</font>.&#8221;</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="margin-bottom:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><b style="font-weight:bold;">WHEREAS</b>, the Parties wish that Executive be hired as an employee of the Company as of the Effective Date, and to transition into the role of the President and Chief Operating Officer of the Company effective as of December 1, 2021, in each case, to provide services for and on behalf of the Partnership Parties; and</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="margin-bottom:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><b style="font-weight:bold;">WHEREAS</b>, the Parties wish to memorialize their agreement with respect to the terms and conditions of Executive&#8217;s employment as specified hereunder.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="margin-bottom:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><b style="font-weight:bold;">NOW, THEREFORE</b>, in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, mutually agree as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="margin-bottom:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">1.</font><b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Term</b>: Effective as of the Effective Date, Executive agrees to provide services as an employee of the Company for and on behalf of the Partnership Parties, and effective as of December 1, 2021, the Company agrees to employ Executive as the Company&#8217;s President and Chief Operating Officer, in each case, (i) reporting to such persons as shall be determined in the absolute discretion of the Company&#8217;s Board of Directors (the &#8220;<font style="font-style:italic;font-weight:bold;">Board</font>&#8221;), (ii) pursuant to the terms and conditions of this Agreement, and (iii) continuing from the Effective Date until Executive&#8217;s services are terminated by either Executive or the Company, as applicable, in accordance with Section 4 below (the &#8220;<font style="font-style:italic;font-weight:bold;">Term</font>&#8221;).</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 0pt 36pt;"><font style="margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">2.</font><b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Place of