SEC Contract Filing

Filing Date: 2018-03-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.43
<SEQUENCE>3
<FILENAME>a1043sparkandservcotermina.htm
<DESCRIPTION>EXHIBIT 10.43
<TEXT>
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<div><a name="sC0A5E2854F91D5F2954103795E12ABAE"></a></div><div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">TERMINATION AGREEMENT</font></div><div style="line-height:138%;padding-bottom:13px;text-align:justify;text-indent:312px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:12pt;">This Termination Agreement (&#8220;Agreement&#8221;) entered into as of March 7, 2018 (the &#8220;Effective Date&#8221;) is among Retailco Services, LLC, a Texas limited liability company with an address of 12140 Wickchester Lane, Suite 100, Houston, TX 77079 and (&#8220;Servco&#8221;) with NuDevco Retail, LLC as Guarantor, and Spark Holdco, LLC, a Delaware limited liability company, with offices located at 12140 Wickchester Lane, Suite 100, Houston, TX 77079 (together with its subsidiaries collectively &#8220;Client&#8221;). NuDevco Retail, LLC (&#8220;NuDevco&#8221;), a Texas limited liability company with its principal place of business at 12140 Wickchester Lane, Suite 100, Houston, TX 77079, is an additional party to this Termination Agreement solely for the purposes of its guaranty associated with the original Master Service Agreement among the Parties. Servco, Client and NuDevco may each individually be called a &#8220;Party&#8221; and collectively may be referred to as the &#8220;Parties.&#8221;</font></div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">RECITALS</font></div><div style="line-height:138%;padding-bottom:13px;text-align:justify;text-indent:312px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Whereas, </font><font style="font-family:inherit;font-size:12pt;">Servco and Client are parties to a Master Service Agreement, effective as of January 1, 2016 and as amended by the parties from time to time (collectively hereafter the &#8220;MSA&#8221;); and &#160;&#160;&#160;&#160;</font></div><div style="line-height:138%;padding-bottom:13px;text-align:justify;text-indent:312px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Whereas, </font><font style="font-family:inherit;font-size:12pt;">the Parties desire to terminate the MSA.</font></div><div style="line-height:138%;padding-bottom:13px;text-align:justify;text-indent:312px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Now, therefore,</font><font style="font-family:inherit;font-size:12pt;">&#32;in consideration of the mutual promises and covenants set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto agree as follows: </font></div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">AGREEMENTS</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:0px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:12pt;font-weight:bold;padding-right:205px;">1.</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Definitions and Interpretations</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Definitions.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#32;Capitalized terms used in this Agreement but not defined in the body of this Agreement shall have the meanings ascribed to them in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Exhibit A</font><font style="font-family:inherit;font-size:12pt;">. Capitalized terms defined in the body of this Agreement are listed in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Exhibit A</font><font style="font-family:inherit;font-size:12pt;">&#32;with reference to the location of the definitions of such terms in the body of this Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Interpretations. </font><font style="font-family:inherit;font-size:12pt;">In this Agreement, unless a clear contrary intention appears: (a)&#160;the singular includes the plural and vice versa; (b) reference to a Person includes such Person&#8217;s successors and assigns but, in the case of a Party, only if such successors and assigns are permitted by this Agreement, and reference to a Person in a particular capacity excludes such Person in any o