EX-10.2
ERock, Inc.
TAX RECEIVABLE AGREEMENT
among
EROCK, INC.,
a Delaware corporation,
ENCHANTED ROCK HOLDINGS, LLC,
a Delaware limited liability company,
and
CERTAIN OTHER PERSONS NAMED HEREIN
dated as of June 11, 2026
Table of Contents
Page
Article I DETERMINATION OF REALIZED TAX BENEFIT
4
Section 1.01
Realized Tax Benefit and Realized Tax Detriment
4
Section 1.02
Assumptions, Conventions, and Principles for Calculations
4
Section 1.03
Procedures Relating to Calculation of Tax Benefits
6
Article II TAX BENEFIT PAYMENTS, THE CONSOLIDATED GROUP, AND TRANSFERS OF CORPORATE ASSETS
9
Section 2.01
Payments
9
Section 2.02
No Duplicative Payments
9
Section 2.03
Order of Payments
9
Section 2.04
No Escrow or Clawback; Reduction of Future Payments
10
Section 2.05
Admission of PubCo into a Consolidated Group; Transfers of Corporate Assets
10
Article III EARLY TERMINATIONS AND CHANGE OF CONTROL
12
Section 3.01
…