LOAN AGREEMENTLoan Agreement • March 3rd, 2020 • SMG Industries Inc. • Crude petroleum & natural gas • Texas
THIS LOAN AGREEMENT (“Agreement”) is made and delivered, by and among SMG INDUSTRIES, INC., a Texas corporation (“Borrower” and “Grantor”, whether one or more, jointly and severally), 5J OIL FIELD SERVICES, LLC, a Texas limited liability company, and 5J TRUCKING, LLC, a Texas limited liability company, (“Guarantor”, whether one or more, jointly and severally), and AMERISOURCE LEASING CORPORATION, a Texas corporation (“Lender”) in connection with a loan from Lender to Borrower in the principal amount of $1,600,000.00 (the “Note”, together with all documents executed in connection therewith being the “Loan Documents”; each Borrower and Guarantor being referred to herein as a “Loan Party”).
REVOLVING ACCOUNTS RECEIVABLE ASSIGNMENT AND TERM LOAN FINANCING AND SECURITY AGREEMENTFinancing and Security Agreement • March 3rd, 2020 • SMG Industries Inc. • Crude petroleum & natural gas • Texas
THIS REVOLVING ACCOUNTS RECEIVABLE ASSIGNMENT AND TERM LOAN FINANCING AND SECURITY AGREEMENT (the “Agreement”) is made as of February 27, 2020 by and between 5J Oil Field Services, LLC and 5J Trucking, LLC whose address are 710 N. Post Oak Rd., Suite 315, Houston, Texas 77024, together with SMG Industries, Inc. whose address is 710 N. Post Oak Rd., Suite 315, Houston, Texas 77024 and each other Person who from time to time may become a Party hereto or an affiliate (individually and collectively herein “Client” or the “Company”, and Amerisource Funding, Inc., a Texas Corporation (together with its successors and assigns, “Amerisource”), as lender (each a “Party” and, collectively herein, the “Parties”).
MEMBERSHIP INTEREST PURCHASE AGREEMENT by and among 5J Oilfield Services, LLC, A Texas limited liability company and the Sole Member and Managing Member of 5J Oilfield Services, LLC listed herein, on the one hand; and SMG Industries Inc., A Delaware...Membership Interest Purchase Agreement • March 3rd, 2020 • SMG Industries Inc. • Crude petroleum & natural gas • Texas
This Membership Interest Purchase Agreement, dated as of February 27, 2020 (this “Agreement”), is made and entered into by and among 5J Oilfield Services, LLC, a Texas limited liability company (“5J”), and James E. Frye, Jr. an individual and the sole member and managing member of 5J (“5J Member”), on the one hand; and SMG Industries Inc., a Delaware corporation (“SMGI”). For purposes hereof each of 5J, the 5J Member and SMGI may be referred to as a “Party” and collectively as the “Parties”.
MEMBERSHIP INTEREST PURCHASE AGREEMENT by and among 5J Trucking, LLC, A Texas limited liability company and the Members and Sole Manager of 5J Trucking, LLC listed herein, on the one hand; and SMG Industries Inc., A Delaware corporation February 27, 2020Membership Interest Purchase Agreement • March 3rd, 2020 • SMG Industries Inc. • Crude petroleum & natural gas • Texas
This Membership Interest Purchase Agreement, dated as of February 27, 2020 (this “Agreement”), is made and entered into by and among (i) 5J Trucking, LLC, a Texas limited liability company (“5J”), (ii) Judy M. Frye as trustee of THE JUDY FRYE TRUST and James E. Frye, Jr. as trustee of THE JAMES FRYE, JR. TRUST (collectively, the “5J Members”), and (iii) James E. Frye, Jr. an individual and the sole manager of 5J (“5J Manager”), on the one hand; and SMG Industries Inc., a Delaware corporation (“SMGI”). For purposes hereof each of 5J, the 5J Members and SMGI may be referred to as a “Party” and collectively as the “Parties”.
ContractMaster Lease Agreement • March 3rd, 2020 • SMG Industries Inc. • Crude petroleum & natural gas
THIS MASTER LEASE AGREEMENT (this "Lease") is made as of February 27, 2020, between UTICA LEASECO, LLC, its successors and assigns ("Lessor"), 5J TRUCKING, a Texas limited liability company, d/b/a 5J and 5J Trucking, LLC (“5J Trucking”), its successors and permitted assigns, and 5J OILFIELD SERVICES, LLC, a Texas limited liability company (“5J Oil”), its successors and permitted assigns (hereafter referred to both individually, and collectively (if more than one), as "Lessee"). Each duty, obligation, representation, warranty, covenant, and agreement of Lessee under this Lease, or any document, exhibit, schedule, rider, or other instrument incorporated herein by reference, is made jointly and severally by each party comprising Lessee, and their respective permitted successors and assigns.
