CREDIT AGREEMENT AMONG EVOLUTION PETROLEUM CORPORATION THE GUARANTORS SIGNATORY HERETO AND TEXAS CAPITAL BANK, N.A. February 29, 2012 REVOLVING LINE OF CREDIT AND LETTER OF CREDIT FACILITY OF UP TO $50,000,000Credit Agreement • March 6th, 2012 • Evolution Petroleum Corp • Crude petroleum & natural gas • Texas
This CREDIT AGREEMENT is made and entered into as of the 29th day of February, 2012, by and among EVOLUTION PETROLEUM CORPORATION, a Nevada corporation (the “Borrower”), NGS SUB. CORP., a Delaware corporation (“NGS Sub”), TERTIAIRE RESOURCES COMPANY, a Texas corporation (“Tertiaire”), NGS TECHNOLOGIES, INC., a Delaware corporation (“NGS Technologies”), EVOLUTION OPERATING CO., INC., a Texas corporation (“Evolution Operating,” and NGS Sub, Tertiaire, NGS Technologies and Evolution Operating, collectively, the “Initial Guarantors”), and TEXAS CAPITAL BANK, N.A., a national banking association (the “Lender”).
