Complete 'Section 1. Definitions. For purposes h ... ' for this contract: Information identified with "___" has been excluded from this exhibit because it is both not material and would likely cause competitive harm to the registrant if publicly disclosed.
SUPPLY AGREEMENT
This Supply Agreement (the "Agreement") is entered into as of February 28, 2019 by and between Florida Chemical Company, LLC, a Delaware limited liability company ("FCC") and Flotek Chemistry, LLC, an Oklahoma limited liability company ("Flotek").
WHEREAS, the parties desire to set forth the terms pursuant to which FCC will supply certain products to Flotek; and
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants and agreements contained herein, the parties do hereby agree as follows:
1. Definitions. For purposes hereof:
"Affiliate" means any party controlled by, controlling under common control with, the party to whom the reference is made.
"Margin" means $___ per pound of Terpene Product.
"Maximum Quantity" means ___ pounds of Terpene Product per Year, prorated for any partial Year included in the Term.
"Minimum Quantity" means ___ pounds of Terpene Product per Year, prorated for any partial Year included in the Term.