CREDIT AND SECURITY AGREEMENTCredit and Security Agreement • July 1st, 2021
Contract Type FiledJuly 1st, 2021This Credit and Security Agreement (the “Agreement”) is made and entered into as of the 21 day of September, 2020, by Sky Quarry Inc., a Delaware corporation with its principal place of business located at 1800 Vine Street #200, Los Angeles, CA 90028, 2020 Resources LLC, a Delaware limited liability company with its principal place of business located at 67750 South Seep Ridge Rd, Bonanza, UT 84008, and 2020 Resources (Canada) Ltd., a named Alberta corporation with its principal place of business located at 67750 South Seep Ridge Rd, Bonanza, UT 84008 (collectively, “Co- Borrowers”), in favor of Loeb Term Solutions LLC, an Illinois limited liability company with an address at 8609 W. Bryn Mawr, Suite 208, Chicago, IL 60609 (“Lender”).