Master Lease Agreement dated February 2, 2018

Exhibit 10.22

CERTIFICATE OF ACCEPTANCE

MASTER LEASE AGREEMENT NO.: CW/1261-1

EQUIPMENT LEASE SCHEDULE NO.: CW/1261-1-A

This Certificate of Acceptance is attached to and made a part of Equipment Lease Schedule No. CW/1261-1-A (the “Schedule”) by and between M/G Finance Co., Ltd., a Texas limited partnership as Lessor and the Lessee set forth below and relating to the Lease of the Equipment described therein.

Lessee hereby acknowledges and agrees that:

By Lessee’s signature below, Lessee authorizes and requests Lessor to make payment to the supplier of the equipment. Lessee also agrees that the equipment has not been delivered, installed or accepted on a trial basis.

With the delivery of this Certificate to Lessor, Lessee acknowledges and agrees that the Lessee’s obligations to Lessor become absolute and irrevocable in accordance with the Schedule and the Lease.

Dated as of Feb 2, 2018.

LESSEE:

PEG Partners, LLC

a Delaware Limited Liability Company

ONLY THE COUNTERPART OF AN EQUIPMENT LEASE SCHEDULE MARKED “LESSOR’S ORIGINAL COPY” SHALL BE DEEMED TO BE THE ORIGINAL LEASE AGREEMENT FOR PURPOSES OF CONSTITUTING CHATTEL PAPER OR COLLATERAL, AND POSSESSION OF ANY COPY OF THE MASTER LEASE AGREEMENT DESCRIBED HEREIN SHALL BE WITHOUT FORCE AND EFFECT FOR PURPOSES OF CONSTITUTING CHATTEL PAPER OR COLLATERAL.

EQUIPMENT LEASE SCHEDULE NO. CW/1261-1-A

This Equipment Lease Schedule No. CW/1261-1-A is hereby incorporated in and made a part of that certain Master Lease Agreement No. CW1261-1 (the “Lease”), by and between M/G Finance Co., Ltd., a Texas limited partnership (“Lessor”) and PEG Partners, LLC., a Delaware Limited Liability Company, (“Lessee”). Capitalized terms not defined herein shall have the meanings set forth in the Lease.

11. THIS EQUIPMENT LEASE SCHEDULE IS ENTERED INTO PURSUANT TO THE MASTER LEASE AGREEMENT IDENTIFIED ABOVE. ALL OF THE TERMS AND CONDITIONS OF THE MASTER LEASE AGREEMENT ARE HEREBY INCORPORATED HEREIN AND MADE A PART HEREOF. BY EXECUTING THIS EQUIPMENT LEASE SCHEDULE, THE PARTIES HEREBY REAFFIRM ALL OF THE TERMS AND CONDITIONS OF THE MASTER LEASE AGREEMENT EXCEPT AS MODIFIED HEREBY.

EXHIBIT A

(Equipment Listing)

This Exhibit A is to be attached to and become a part of Equipment Lease Schedule CW/1261-1-A, by and between M/G Finance Co., Ltd. as Lessor and PEG Partners, LLC as Lessee:

See the attached Schedule of Equipment to this Exhibit A for equipment detail.

The Schedule of Equipment is hereby verified correct and the undersigned Lessee acknowledges receipt of a copy.

EXHIBIT A - SCHEDULE OF EQUIPMENT

CW1261

PEG Partners, LLC

EXHIBIT B

PURCHASE OPTION RIDER TO LEASE EQUIPMENT SCHEDULE

MASTER LEASE AGREEMENT NO.: CW/1261-1

EQUIPMENT LEASE SCHEDULE NO.: CW/1261-1-A

This Purchase Option Rider (“Rider”) is attached and made a part of that Equipment Lease Schedule No. CW/1261-1-A (“Schedule”) by and between the Lessee and Lessor set forth below:

EXECUTION PAGE FOLLOWS:

The parties have executed and delivered this Rider as set forth below:

EXHIBIT C

ADDITIONAL COLLATERAL

This Exhibit C is to be attached to and become a part of Equipment Lease Schedule CW/1261-1-A, by and between M/G Finance Co., Ltd. as Lessor and PEG Partners, LLC as Lessee.

Lessee hereby pledges as Additional Collateral to secure the debts and obligations arising under Master Lease Agreement CW/1261-1 and Equipment Lease Schedule CW/1261-1-A, all of the following, property, whether real, personal, or intangible and all accessions, substitutions, and replacements thereto, and all of Lessee’s interest therein, and all rents, proceeds, and products thereof, and grants a security interest in the same in accordance with the terms and provision contained in the Master Lease Agreement:

See the attached Schedule of Additional Collateral to this Exhibit C for equipment detail.

Lessor may be supplement, modify or amend this Exhibit after execution to correct or further identify or describe the Additional Collateral, provided that a true and correct copy of the supplemented, amended or modified Exhibit is provided to Lessee. This Exhibit is hereby verified correct and the undersigned Lessee acknowledges receipt of a copy.

EXHIBIT C - SCHEDULE OF ADDITIONAL COLLATERAL

CW1261

PEG Partners, LLC

MASTER LEASE AGREEMENT

NO. CW/1261-1

THIS MASTER LEASE AGREEMENT, by and between M/G FINANCE CO., LTD., a Texas limited partnership (“Lessor”), with its address for notice hereunder being 1655 Louisiana St., Beaumont, Texas 77701 and PEG PARTNERS, LLC, a Delaware Limited Liability Corporation (“Lessee”) with its principal office located at 10375 Richmond Avenue, Suite 825, Houston, TX 77042 and its billing address and address for notice hereunder being 10375 Richmond Avenue, Suite 825, Houston, TX 77042, replaces and substitutes lease CW/1105-1 between Lessor and Lessee, and Lessor and Lessee hereby agree as follows:

1. LEASE. Lessor hereby leases to Lessee and Lessee hereby leases from Lessor, subject to the terms and conditions hereinafter set forth, the items of personal property (“Equipment”) described in each Equipment Schedule (“Schedule”) entered into, from time to time, pursuant to this Master Lease Agreement. This Master Lease Agreement is intended to be incorporated by reference into one or more Equipment Schedules from time to time. As to Equipment leased pursuant to any such individual Equipment Schedule, the terms of such Schedule shall prevail over the terms hereof in case of conflict. Each Schedule shall constitute a separate and distinct individual lease contract and the manually executed copy of such Schedule marked “Lessor’s Original Copy” shall be the instrument in which a security interest may be acquired by any assignee of Lessor. The rights, remedies, powers and privileges of the Lessor or its assignee under each such Schedule shall be interpreted separately and apart from any other Schedule. Notwithstanding any other provision hereof or of any other document involving a transfer, assignment, financing, granting of a security interest, or otherwise, any reference to this Master Lease Agreement shall mean, shall deemed to mean and shall be limited to, this Master Lease Agreement as the same is incorporated under any particularly identified specific Equipment Schedule(s). The term “Lease” as used hereinafter shall refer to an individual Schedule which incorporates this Master Lease Agreement. Until a Schedule is signed by Lessor, an Equipment Schedule signed by Lessee constitutes an irrevocable offer by Lessee to lease from Lessor.

2. SELECTION OF EQUIPMENT; ACCEPTANCE AND DELIVERY OF EQUIPMENT. Lessee will select the type, quantity and supplier of each item of Equipment designated in the appropriate Schedule, and in reliance thereon such Equipment will then be ordered by Lessor from such supplier or Lessor will accept an

assignment of any existing purchase order therefore. Lessee agrees to inspect the Equipment and to execute a Certificate of Acceptance (set forth in the Schedule) after the Equipment has been delivered and after Lessee is satisfied that the Equipment is satisfactory in every respect. Lessee hereby authorizes Lessor to insert in the Schedule identifying data with respect to the Equipment. In addition to the other amounts due and owing hereunder, Lessee shall pay for all transportation, insurance, rigging, drayage and any other charges with respect to delivery and installation of the Equipment. Lessee will provide a suitable place of installation for use of the Equipment as specified by the manufacturer. Lessee agrees that the Equipment Location shall at all times comply with applicable state and local codes. Lessor shall not be liable for any failure or delay in supplying the Equipment from any cause not subject to the direct control of Lessor.

3. DISCLAIMER OF WARRANTIES AND CLAIMS; LIMITATION OF REMEDIES. THERE ARE NO WARRANTIES BY OR ON BEHALF OF LESSOR. Lessee acknowledges and agrees by his signature below as follows:

LESSEE ACKNOWLEDGES RECEIPT PRIOR TO THE EXECUTION OF THIS LEASE OF AN ACCURATE AND COMPLETE STATEMENT DESIGNATING THE PROMISES AND WARRANTIES, AND ANY DISCLAIMERS OF WARRANTIES, LIMITATIONS OR MODIFICATIONS OF REMEDIES, OR LIQUIDATED DAMAGES, INCLUDING THOSE OF A THIRD PARTY, SUCH AS THE MANUFACTURER OF THE EQUIPMENT, THAT WERE PROVIDED TO LESSOR BY THE SELLER OF THE EQUIPMENT.

4. STATUTORY FINANCE LEASE. Lessee agrees and acknowledges that it is the intent of both parties to this Lease that it qualify as a statutory finance lease under Chapter 2A of the Texas Business and Commerce Code, as amended and corresponding provisions of subsequent law (“Chapter 2A”). Lessee acknowledges and agrees that Lessee has selected both: (1) the Equipment; and (2) the supplier from whom Lessor is to purchase the Equipment. Lessee acknowledges that Lessor has not participated in any way in Lessee’s selection of the Equipment or of the supplier, and

Lessor has not selected, manufactured, or supplied the Equipment. Without limiting the foregoing, and in addition to any other provisions of this Lease, Lessor shall be entitled to the benefits of Sections 2A-209, 2A-211(2), 2A-212(1), 2A-213, 2A-219(1), 2A-220(1)(a), 2A-221, 2A-405(c), 2A-407, 2A-504, 2A-516(2), and 2A-517(1) and (2) of Chapter 2A, whether or not this Lease qualifies as a statutory finance lease. If this Lease does not qualify as a statutory finance lease under Chapter 2A, no rights or remedies referred to in Chapter 2A will be conferred upon Lessee unless expressly granted in this Lease or as required by applicable law.

5. TERM. This Master Lease Agreement shall be effective when signed by both parties and shall continue in effect until all obligations of Lessee under each Schedule are fully discharged. The Lease term for each Schedule shall commence on the Installation Date and continue from the Commencement Date for the number of months set forth in the Equipment Schedule (“Initial Lease Term”). The Installation Date shall be the applicable of (i) the date the Equipment is installed at the location set forth in the Schedule (“Equipment Location”) and declared acceptable for maintenance by the manufacturer or if Lessee causes a delay in installation and acceptance, seven (7) days after delivery of the Equipment; or (ii) if the Equipment is already in place under lease from another party and is being purchased by Lessor for lease to Lessee hereunder, the date Lessor pays for the Equipment. Lessee shall promptly sign and deliver to Lessor a Certificate of Acceptance in the form attached hereto as Exhibit A as of the Installation Date. The Commencement Date shall be the first day of the month following the month in which the Installation Date occurs or the Installation Date if such date is the first day of the month. Lessee hereby authorizes Lessor to insert the Commencement Date on the Equipment Schedule.

6. RENT PAYMENTS. The rent for the Equipment described in each Schedule shall be due and payable on the dates set forth therein. Such rents shall be payable at Lessor’s address set forth above unless Lessor otherwise designates. Lessee shall also pay Lessor an administrative fee of $150.00 for each Lease entered into pursuant to this Master Lease Agreement. This Lease is a net lease and Lessee agrees that its obligation to pay all rent and other sums payable hereunder are absolute and unconditional and shall not be subject to any abatement, reduction, setoff, defense, counterclaim or recoupment for any reason whatsoever. If any payment, whether for rent or otherwise, is not paid when due, Lessor may charge interest on the amount past due at a rate of 1.5% per month (or the maximum amount permitted by applicable law if less). Payments thereafter received shall be applied first to delinquent installments and then to current installments.

7. ADVANCE PAYMENT. Any Advance Payment set forth in the Acceptance Certificate or any Schedule shall be held as security for the performance of this Lease. Lessor may apply Advance Payments to cure any default under this Lease in whole or in part at the sole discretion of Lessor. On the expiration or earlier termination of each Schedule to this Lease or any extension or renewal thereof, provided Lessee has paid all of the rent called for and fully performed all other provisions of this Lease, Lessor will return to the Lessee any then remaining balance of the Advance Payment with respect to such Lease, without interest. Said Advance Payment may be commingled with Lessor’s other funds.

8. LOCATION. The Equipment shall be kept at the Equipment Location specified in the applicable Schedule, or, if none is specified, at Lessee’s billing address set forth above and shall not be removed without Lessor’s prior written consent. Upon Lessor’s request, Lessee shall provide Lessor or its agents access to (a) the Equipment at all reasonable times for the purpose of inspection, and (b) Lessee’s books and records relating to the Equipment at all reasonable times for the purpose of verifying Lessee’s compliance with its obligations under this Lease. Lessee shall not part with possession or control of or suffer or allow to pass out of its possession or control any item of the Equipment or change the location of the Equipment or any part thereof from the address shown in the applicable Schedule. Lessor may at its sole discretion and either before or after delivery to Lessee, install or have installed Global Position Satellite (“GPS”) tracking systems on any or all of the Equipment. Lessee hereby agrees to Lessor’s installation and use of such GPS tracking systems, and Lessee will fully cooperate with Lessor for the installation, maintenance, use of such systems. Any intentional destruction, removal, disabling, or other interference of Lessor’s installation and use of the GPS systems will be deemed a default and material breach of this Master Lease Agreement. In the event Lessee becomes sixty (60) days or more overdue in rent owed under this or any other Master Lease Agreement with Lessor or any schedule made in connection therewith, then the costs of procuring and installing the GPS tracking systems and all fees Lessor may incur to use such system to track the Equipment will be charged to and paid by Lessee as additional rent due hereunder.

9. USE; MAINTENANCE. Lessee shall use the Equipment in a careful manner, shall comply with all laws relating to its possession, use or maintenance, and shall not make any alterations, additions, or improvements to the Equipment without Lessor’s prior written consent. All additions, repairs or improvements made to the Equipment shall belong to Lessor. Lessee agrees to purchase, at its expense, all licenses which may be necessary for the use or operation of the Equipment. Lessee shall, at its sole expense, keep the Equipment in good repair, condition and working order.

10. OWNERSHIP; PERSONALTY; REGISTRATION OF TITLE. The Equipment is, and shall remain, the property of Lessor, and Lessee shall have no right, title or interest therein or thereto except as expressly set forth in this Lease. The parties expressly agree that the Equipment is and shall remain personal property even though installed in or attached to real property and shall not be deemed to be a fixture or appurtenant thereto. The Equipment shall be severable from any real estate to which it may be attached and shall remain the property of Lessor, free of any and all claims of anyone, including Lessee, having or hereafter acquiring any interest in such real estate. Lessee shall affix tags, decals, or plates provided by Lessor to the Equipment indicating Lessor’s ownership and shall not permit their removal or concealment. Any Equipment requiring registration of title with a governmental entity, may, at Lessor’s sole option be registered under the laws of the State of Texas. Lessee shall have the obligations to (a) determine any requirement to register the title of the Equipment with any governmental entity, (b) bear all costs of registration and applicable costs and taxes arising under the laws of the State of Texas or otherwise and (c) indemnify and hold Lessor harmless from and against such obligations, taxes and costs upon demand therefore.

11. SURRENDER. By this Lease, Lessee acquires no ownership rights in the Equipment and has no right to purchase the Equipment, except as may be provided in the applicable Schedule. Upon the expiration or earlier termination of this Lease, or in the event of default under this Lease, Lessee agrees to return the Equipment in good repair, ordinary wear and tear from proper use thereof alone excepted, by delivering it to such place or carrier as Lessor may specify at Lessee’s sole cost and expense. In the event Lessee fails to return the Equipment to Lessor as directed, Lessor is entitled to charge and Lessee shall be obligated to pay, rent to Lessor in the same periodic amounts as indicated on the Schedule to which the Equipment relates, until the Equipment is returned to Lessor.

12. RENEWAL. Upon the expiration or earlier termination or cancellation of this Lease, or in the event of default under Paragraph 19 hereof, Lessee agrees to pay a termination fee of $150.00 and Lessee shall return the Equipment in accordance with Paragraph 11 hereof. At Lessor’s option, this Lease may be continued on a month-to-month basis until 30 days after Lessee returns the Equipment to Lessor. In the event the Lease is so continued, Lessee shall be assessed and agrees to pay a renewal fee of $150.00 and, in addition, shall pay to Lessor rents in the same periodic amounts indicated on the Schedule to which the Equipment relates.

13. LOSS AND DAMAGE. Lessee hereby assumes the entire risk of damage to or loss of the Equipment or any item thereof from any cause whatsoever, whether or not insured against, from and after the date the Equipment is delivered to the Equipment Location until returned to Lessor. No loss, theft, damage or destruction of the Equipment

shall alter or relieve Lessee of any obligation under this Lease, which shall continue in full force and effect. Lessee agrees to give Lessor prompt notice of any damage to or loss of the Equipment. In the event of damage to any part of the Equipment, Lessee shall immediately place the same in good repair at Lessee’s expense. In the event of damage to or loss of the Equipment or any item thereof, and irrespective of payment from any insurance coverage maintained by the Lessee, but applying full credit therefor, Lessee shall, at the option of Lessor, (a) place the Equipment in good repair, condition and working order or (b) replace the Equipment with identical equipment in good repair, condition and working order and transfer clear title to such replacement equipment to Lessor, whereupon such replacement equipment shall be deemed the Equipment for all purposes hereof, or (c) pay Lessor in cash the following: (i) all amounts due by Lessee to Lessor with respect to this Lease up to the date of the loss; plus (ii) the total amounts due for the remaining term of this Lease attributable to said items; plus (iii) Lessor’s estimate of Lessor’s residual interest in the Equipment as of the Commencement Date (the “Residual Value”), which will be determined at Lessor’s sole discretion. Upon Lessor’s receipt of such payment, this Lease shall terminate only with respect to such Equipment so paid for, and Lessee shall become entitled to title thereto, AS IS, WHERE IS, and without any warranty whatsoever, express or implied. Proceeds of insurance shall be paid to Lessor with respect to such repairable damage to the Equipment and shall, at the election of Lessor, be applied either to the repair of the Equipment by payment by Lessor directly to the party completing the repairs, or to the reimbursement of Lessee for the cost of such repairs; provided, however, that Lessor shall have no obligation to make such payment or any part thereof until receipt of such evidence as Lessor shall deem satisfactory that such repairs have been completed and further provided that Lessor may apply such proceeds to the payment of any rent or other sum due or to become due hereunder if at the time such proceeds are received by Lessor there shall have occurred any Event of Default or any event which with lapse of time or notice, or both, would become and Event of Default.

14. INSURANCE; LIENS; TAXES. Lessee shall provide and maintain at its sole cost and expense insurance against loss, theft, damage, or destruction of the Equipment in an amount not less that the full replacement value of the Equipment, with loss payable to Lessor. Lessee also shall provide and maintain at its sole cost and expense comprehensive general all-risk liability insurance including but not limited to, product liability coverage, insuring Lessor and Lessee, with a severability of interest endorsement, or its equivalent, against any and all loss or liability for all damages, either to persons or property or otherwise, which might result from or happen in connection with the condition, use or operation of the Equipment, with such limits and with an insurer satisfactory to Lessor, but not less than $1,000,000.00 and naming Lessor and/or each of its assigns as an additional insured. Each policy shall expressly provide that said insurance as to Lessor and/or its assigns shall not be invalidated by any act, omission, or

neglect of Lessee and cannot be canceled without 30 days prior written notice to Lessor and/or its assigns. As to each policy, Lessee shall furnish to Lessor and/or each of its assigns a certificate or certificates of insurance from the insurer(s) on the Commencement Date and thereafter as requested by Lessor and/or its assigns, in form and containing such matters as reasonably required by Lessor. Neither Lessor nor its assigns shall have any obligation to ascertain the existence of or provide any insurance coverage for the Equipment or for Lessee’s benefit. Any failure of Lessor to insist on Lessee’s provision of a certificate of insurance shall not be deemed a waiver of any rights hereunder and shall not excuse or release Lessee’ of its obligation to procure and provide such insurance. It is further understood and agreed that the insurance coverage provided by Lessee shall operate independent and apart from any indemnity obligations imposed on Lessee under this agreement. Lessee shall keep the Equipment free and clear of all levies, liens, and encumbrances. Lessee shall pay all charges and taxes (local, state, and federal) which may now or hereafter be imposed upon the ownership, leasing, rental, sale, purchase, possession, or use of the Equipment, excluding, however, all taxes on or measured by Lessor’s net income. If Lessee fails to procure or maintain said insurance or to pay said charges or taxes, Lessor shall have the right, but shall not be obligated, to effect such insurance, or pay such charges or taxes. In that event, Lessor shall notify Lessee of such payment and Lessee shall repay to Lessor the cost thereof within 15 days after such notice is mailed to Lessee. Lessor shall file personal property returns with respect to the Equipment, and Lessee shall pay to Lessor, in advance and at the time(s) required by Lessor, the taxes Lessor anticipates will be due during the year. Lessee acknowledges that Lessor may require a monthly payment of such anticipated taxes and any deficiency shall be paid by Lessee upon demand by Lessor.

15. INDEMNIFICATION. Lessee shall indemnify, defend and hold harmless the Lessor, and Lessor’s officers, directors, representatives and employees from and against all losses, damages, injuries, death claims, demands and expenses, of whatsoever nature (i) arising out of the manufacture, purchase, ownership, delivery, lease, possession, use, misuse, condition, repair, storage or operation of any Equipment, regardless of where, how and by whom operated; (ii) arising out of negligence, tort, warranty, strict liability or any other cause of action with respect to the leased Equipment; (iii) arising out of any encumbrance being asserted against the Equipment; and (iv) arising out of the assessment, payment, non-payment or partial payment of any sales, use or other taxes pertaining to the equipment. Such indemnification shall survive the expiration, cancellation, or termination of this Lease. IT IS THE EXPRESS INTENT OF THE LESSOR AND LESSEE THAT THIS INDMENITY PROVISION SHALL COVER AND INCLUDE ANY CLAIMS ASSERTING THAT ANY PERSON TO BE INDEMNIFIED HEREUNDER WAS NEGLIGENT IN WHOLE OR INPART OR OTHERWISE CAUSED OR CONTRIBUTED TO THE CAUSE OF THE LOSS, DAMAGES, INJURIES, DEATH, OR EXPENSES.

16. ASSIGNMENT BY LESSEE PROHIBITED. Lessee shall keep the Equipment free and clear of all claims, liens, and encumbrances, except for those placed thereon by Lessor. Without the prior written consent of Lessor, Lessee shall not assign or otherwise encumber this Lease, the Equipment or any of its rights hereunder or sublease or lend the Equipment. Upon any permitted assignment or sublease, Lessee shall sign and deliver to Lessor, or any assignee of Lessor, at Lessee’s expense, such documentation as Lessor or such assignee may require, including but not limited to documentation to evidence and put third parties on notice of Lessor’s or its assignee’s interest in the Equipment. No permitted assignment or sublease shall relieve Lessee of any of its obligations hereunder, which obligations shall remain those of a principal and not a surety or guarantor.

17. ASSIGNMENT BY LESSOR. Lessor may sell or assign its rights and interests or grant a security interest in this Lease and the Equipment for purposes of securing loans to Lessor or otherwise, and may also sell and assign its title and interest as owner of the Equipment and/or as Lessor under this Lease. Lessee hereby (a) consents to such sales or assignments; (b) agrees to promptly sign and deliver such further acknowledgments and other documents as may be reasonably requested by Lessor to effect such sales or assignments; (c) agrees that any security assignee shall have all the rights, but none of the obligations, of Lessor under this Lease, except Lessor’s obligation not to disturb Lessee’s quiet possession and use of the Equipment, provided Lessee is not in default hereunder; and (d) upon written notice from Lessor, agrees to pay all rent and other sums payable under this Lease to such assignee designated by Lessor (or to any other party subsequently designated by such assignee) without any abatement, reduction, setoff, defense or counterclaim that Lessee may have against Lessor, Lessee’s sole remedy therefor being a claim for damages or injunctive relief against Lessor.

18. TIME OF ESSENCE. Time is of the essence of this Lease, and this provision shall not be impliedly waived by the acceptance on occasion of late or defective performance.

19. DEFAULT. Any of the following events or conditions shall constitute an event of default hereunder, (a) Lessee fails to pay any amount due and owing hereunder or under any other Master Lease Agreement, Equipment Schedule, Lease or any other agreement between Lessee and/or its affiliates and Lessor and/or its affiliates or any other liability, debt, or other duty of Lessee and/or its affiliates to Lessor and/or its affiliates, whether now existing or later incurred, matured or unmatured, direct or contingent, and any renewals, extensions, and substitutions of the same, when due or within ten (10) days

thereafter; (b) Lessee fails to observe, keep, or perform any provision of this Lease or any other Master Lease Agreement, Equipment Schedule, Lease or other agreement between Lessee and/or its affiliates and Lessor and/or its affiliates or any other liability, debt, or other duty of Lessee and/or its affiliates to Lessor and/or its affiliates, whether now existing or later incurred, matured or unmatured, direct or contingent, and any renewals, extensions, and substitutions of the same; (c) Lessee or any guarantor becomes insolvent or makes an assignment for the benefit of creditors or ceases doing business as a going concern; (d) a receiver, trustee, conservator, or liquidator of Lessee or any guarantor is appointed with or without the application or approval of Lessee or such guarantor; (e) the filing by or against Lessee or any guarantor of a petition under the Bankruptcy Code or any amendment thereto; or under any other insolvency law or laws providing for, but not limited to, the benefit of debtors or; (f) any false or misleading representation or statement made or furnished to Lessor by or on behalf of Lessee or any guarantor; (g) Lessee or any guarantor dissolves, liquidates, or suspends its business or any individual Lessee or individual guarantor dies; (h) Lessee or any guarantor enters into any merger, consolidation or similar re-organization; (i) Lessee or any guarantor transfers all or any substantial part of its operations or assets; (j) without thirty (30) days advance written notice to Lessor, Lessee or any guarantor changes its name or principal place of business; (k) when Lessor believes in good faith that the prospect for performance of the terms and conditions of this Lease by Lessee or any guarantor is impaired; or (1) Lessee, or any guarantor of the Lease shall suffer an adverse material change in its financial condition from the date hereof, and as a result thereof Lessor deems itself or any of the Equipment to be insecure.

20. REMEDIES. If an event of default occurs under this Lease or under any other Master Lease Agreement, Equipment Schedule, Lease or other agreement between Lessee and/or its affiliates and Lessor and/or its affiliates or any other liability, debt, or other duty of Lessee and/or its affiliates to Lessor and/or its affiliates, whether now existing or later incurred, matured or unmatured, direct or contingent, and any renewals, extensions, and substitutions of the same, then Lessor, with or without notice to Lessee (except as set forth below), shall have the right to exercise any one or more of the following remedies, concurrently or separately, in any order and without any election of remedies being deemed to have been made:

Upon return or repossession of the Equipment, Lessor may at its sole discretion sell or lease each item of Equipment in such manner and upon such terms as Lessor may in its sole discretion determine. The proceeds of such sale or lease shall be applied to reimburse Lessor for Lessor’s Loss and any additional amounts due under clauses (e), (f) or (g).

No right or remedy herein conferred upon or reserved to Lessor is exclusive of any other right or remedy herein, or by law or by equity provided or permitted, but each shall be cumulative of every other right or remedy given herein or now or hereafter existing by law or equity or by statute or otherwise, and may be enforced concurrently therewith or from time to time. No single or partial exercise by Lessor of any right or remedy hereunder shall preclude any other or further exercise of any other right or remedy.

21. LIMITED PREARRANGED AMENDMENTS; LIMITED POWER OF ATTORNEY. In the event it is necessary to amend the terms of this Lease or the terms of any Schedule to reflect a change in one or more of the following conditions: (a) Lessor’s actual cost of procuring the Equipment, or (b) Lessor’s actual cost of providing the Equipment to Lessee, or (c) a change in rent payments as a result of (a) or (b) above, or (d) description of the Equipment, then Lessee agrees that any such amendment shall be described in a letter from Lessor to Lessee, and unless within 15 days after the date of such letter Lessee objects in writing to Lessor, this Lease shall be deemed amended and such amendments shall be incorporated in this Lease herein as if originally set forth. Lessee grants to Lessor a specific power of attorney for Lessor to use and hereby authorizes Lessor as follows: (1) Lessor may sign and/or file on Lessee’s behalf or on Lessor’s behalf any document Lessor deems necessary to perfect or protect Lessor’s interest in the Equipment, including a UCC-1 Financing Statement or any other document pursuant to the Uniform Commercial Code; and (2) Lessor may sign, endorse or negotiate for Lessor’s benefit any instrument representing proceeds from any policy of insurance covering the Equipment. Lessee hereby ratifies all action of Lessor in executing and/or filing UCC financing statements prior to the execution of this Lease or any Schedule,

22. MULTIPLE LESSEES. Lessor may, with the consent of any one of the Lessees hereunder modify, extend, or change any of the terms hereof without the consent or knowledge of the others, without in any way releasing, waiving, or impacting any right granted to Lessor against the others. Lessees and each of them are jointly and severally responsible and liable to Lessor under this Lease.

23. EXPENSES OF ENFORCEMENT. In the event of any legal action with respect to this Lease, the prevailing party in any such action shall be entitled to reasonable attorney fees, including, without limitation, actions at the trial level, actions in bankruptcy court, on appeal or review, or incurred without action, suits, or proceedings, together with all costs and expenses incurred in pursuit thereof.

24. ENTIRE AGREEMENT; NO ORAL MODIFICATIONS; NO WAIVER. This instrument constitutes the entire agreement between Lessor and Lessee. No provision of this Lease shall be modified or rescinded unless in writing signed by a representative of Lessor. Waiver by Lessor of any provision hereof in one instance shall not constitute a waiver as to any other instance.

25. SEVERABILITY. This Lease is intended to constitute a valid and enforceable legal instrument, and no provision of this Lease that may be deemed unenforceable shall in any way invalidate any other provision or provisions hereof, all of which shall remain in full force and effect.

26. ADDITIONAL SECURITY. In the event that this Master Lease Agreement or any Lease entered into pursuant to this Master Lease Agreement, is not deemed to be a true lease under Chapter 2A, then solely in that event and for that limited purpose, (a) it shall be deemed a security agreement and, in that regard, Lessee hereby grants to Lessor a purchase money security interest in the Equipment, and all accessions, substitutions and replacements thereto, and all of Lessee’s interest therein, and all proceeds and products thereof to secure Lessee’s prompt payment and performance as and when due of all of Lessee’s obligations and indebtedness to Lessor under this Lease or under any other Master Lease Agreement, Equipment Schedule, Lease or other agreement between Lessee and/or its affiliates and Lessor and/or its affiliates or any other liability, debt, or other duty of Lessee and/or its affiliates to Lessor and/or its affiliates, whether now existing or later incurred, matured or unmatured, direct or contingent, and any renewals, extensions, and substitutions of the same, and (b) the aggregate of all consideration that constitutes interest under applicable law that is taken, reserved, contracted for, charged or received hereunder or under any other agreements or otherwise in connection with this Lease shall under no circumstances exceed the maximum amount of interest allowed by applicable law, and any excess shall be credited on this note by the holder hereof (or if such obligations shall have been paid in full, refunded to Lessee ); and in the event of an event of default hereunder, or in the event of any required or permitted prepayment, then such consideration that constitutes interest may never include more than the maximum amount allowed by applicable law, and excess interest, if any, provided for in this note or otherwise shall be canceled automatically as of the date of such acceleration or prepayment and, if theretofore prepaid, shall be credited to such obligation (or if such obligations shall have been paid in full, refunded to Lessee).

27. FINANCIAL REPORTS. Upon Lessor’s request, Lessee and Guarantor agrees to furnish within sixty (60) days after Lessee’s and Guarantor’s first three fiscal quarters and within one hundred twenty (120) days after each of its fiscal year-ends during the Term of this Lease, its balance sheet as of the end of each such period and the related statements of income and retained earnings. In the case of year-end statements, the reports shall be audited, if available, and in any event reviewed, by Lessee’s and Guarantor’s then acting certified public accounting firm.

28. NO ORAL AGREEMENTS. THIS AGREEMENT AND THE RELATED TRANSACTION DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN OR AMONG THE PARTIES, AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

29. ONE ORIGINAL. Only one original counterpart of this Master Lease Agreement and each Schedule shall be executed by the parties and the original counterpart of each such document shall be marked as “LESSOR’S ORIGINAL COPY”. No security interest may be created in a Schedule through the transfer or possession of any counterpart other than the sole original counterpart marked as “LESSOR’S ORIGINAL COPY”, together with a certified copy of the original counterpart of this Master Lease Agreement marked as “LESSOR’S ORIGINAL COPY”. All other counterparts shall be copies and marked as “DUPLICATE”.

30. MISCELLANEOUS. Notices provided for herein shall be in writing and sent by certified or registered mail, postage prepaid, to the parties at the addresses for notice set forth in each Schedule, and such notices shall be deemed received three (3) business days after such deposit in the U. S. Mail. Except as provided herein, this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Lessee shall provide Lessor with such documents as Lessor may request from time to time including, but not limited to, corporate resolutions, opinions of counsel, financial statements, and UCC Financing Statements. Any provision of this Lease which may be prohibited or unenforceable in any jurisdiction shall not, as to such jurisdiction, invalidate the remaining provisions hereof and shall not invalidate or render unenforceable such provision in any other jurisdiction. This Lease shall be governed by and construed in accordance with the laws of the State of Texas, without reference to its internal choice of law principles. Lessee agrees that this will be deemed executed in Jefferson County, Texas and is performable in Jefferson County, Texas and should any legal action, suit, or proceeding be initiated by any party to this Agreement with regard to, or arising out of, this Lease or the Equipment covered hereby, such action shall be brought only in the Courts of applicable jurisdiction for the State of Texas located in Jefferson County, Texas, and all parties consent to the jurisdiction of such Courts as to all such actions. LESSEE HEREBY WAIVES ANY RIGHT TO A JURY TRIAL WITH RESPECT TO ANY MATTER ARISING UNDER OR IN CONNECTION WITH THIS LEASE.

31. TAX INDEMNITY. Lessee represents warrants and covenants as follows:

Signatures page to follow:

EXECUTED effective as of the date signed by both parties.