Energy and Environmental Services, Inc. (OTCPK:EESE) entered into a letter of intent to acquire Patriot Chemicals & Services LLC for $1 million on December 21, 2018. Under the terms, Energy and Environmental will pay $0.3 million in cash, $0.3 million in notes and 2 million shares of Energy and Environmental common stock. Earnouts could add an additional 1 million shares in each of year one and year two. The transaction is subject to completion of a definitive agreement, to customary representations and to closing price adjustments. Energy and Environmental Services, Inc. (OTCPK:EESE) completed the acquisition of Patriot Chemicals and Services, LLC for $1 million on May 16, 2019. The consideration is Subject to pricing adjustments. Energy and Environmental Services will issue to Patriot's members 2.9 million shares of common stock, $0.165 million in notes, and $0.165 million in promissory notes. Earnouts could add an additional 1.0 million shares in each of year one and year two. The earnouts would be achieved if Patriot realizes earnings before interest, taxes, depreciation and amortization of $0.54 million in year one and $0.72 million in year two.