COOPERATION AND SUPPORT BINDING TERM SHEETBinding Term Sheet • January 26th, 2023 • Barnwell Industries Inc • Crude petroleum & natural gas • Delaware
This Cooperation and Support Binding Term Sheet (this “Term Sheet”) is made and entered into as of January 21, 2023 (the “Signing Date”), by and among, Alexander C. Kinzler (“AK”), MRMP-Managers LLC, the Ned L. Sherwood Revocable Trust, NLS Advisory Group, Inc. and Ned L. Sherwood (collectively, the “MRMP Stockholders,” and each, a “MRMP Stockholder”). AK and the MRMP Stockholders are collectively referred to as the “Parties,” and AK and each of the MRMP Stockholders, a “Party.” As of the Signing Date, the provisions of this Term Sheet will be binding upon the Parties.
