MONTAUK RENEWABLES, INC. Item 1.01. Entry into a Material Definitive Agreement.
On
Under the terms of the Amendment, Messrs. Carroll's and Redeker's rights to repurchase certain of the intellectual property transferred to Montauk Ag pursuant to the MIAPA have been terminated. Additionally, the restricted stock awards granted to each of Messrs. Carroll and Redeker in connection with their respective employment with the Company following the closing of the transactions contemplated by the MIAPA have been amended to remove the performance-based vesting criteria and will be subject only to time-based vesting requirements over a five-year period.
The foregoing description of the terms of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is attached hereto as Exhibit 2.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
2.1 First Amendment to Membership Interest and Asset Purchase
Agreement, dated May 26, 2022 , by and among J.P. Carroll & Co., LLC ,
Eagle Creek Ranch, L.L.C. , NR3 Nutrient Recovery, LLC , Joseph P.
Carroll, Jr., Martin A. Redeker , Montauk Ag Renewables, LLC and
Montauk Energy Holdings, LLC
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
2
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