CREDIT AGREEMENT Dated as of August 15, 2014 by and among HYDROCARB ENERGY COPORATIONCredit Agreement • August 21st, 2014 • Hydrocarb Energy Corp • Crude petroleum & natural gas • New York
TERM LOAN NOTEHydrocarb Energy Corp • August 21st, 2014 • Crude petroleum & natural gas
This Term Loan Note (“Term Note”) is issued pursuant to, and is subject to the terms and conditions set forth in, that certain Credit Agreement dated as of August 15, 2014 among the Borrower, the other Persons named therein as members of the Borrower Group, the Lender, and another lender and agent named therein, and evidences the Term Loan made by the Lender thereunder (including all annexes, exhibits and schedules thereto and as from time to time amended, restated, supplemented or otherwise modified, the “Credit Agreement”) and is entitled to the benefit and security of the Credit Agreement, the Guaranty and Collateral Agreement and all of the other Loan Documents referred to therein. Reference is hereby made to the Credit Agreement for a statement of all of the terms and conditions under which the Term Loan evidenced hereby is made and is to be repaid. The principal balance of the Term Loan, any rates of interest applicable thereto and the date and amount of payment made on account o
STOCK GRANT AGREEMENTStock Grant Agreement • August 21st, 2014 • Hydrocarb Energy Corp • Crude petroleum & natural gas • New York
THIS STOCK GRANT AGREEMENT (this “Agreement”) dated as of August 15, 2014 (the “Effective Date”), is by and between Hydrocarb Energy Corporation, a corporation duly formed and existing under the laws of the State of Nevada (the “Company”) and each of Shadow Tree Funding Vehicle A—Hydrocarb LLC, a limited liability company duly formed and existing under the laws of the State of Delaware, its successors and assigns, and Quintium Private Opportunity Fund, LP, its successors and assigns (each a “Grantee” and toegether, the “Grantees”).
GUARANTEE AND COLLATERAL AGREEMENTGuarantee and Collateral Agreement • August 21st, 2014 • Hydrocarb Energy Corp • Crude petroleum & natural gas • New York
THIS GUARANTEE AND COLLATERAL AGREEMENT, dated as of August 15, 2014 (this “Agreement”), made by HYDROCARB ENERGY CORPORATION, a Nevada corporation (the “Borrower”), and each of the other signatories hereto as of the date hereof (together with the Borrower and any other entity that becomes a party hereto from time to time after the date hereof as provided herein, the “Grantors”), in favor of SHADOW TREE CAPITAL MANAGEMENT LLC, a Delaware limited liability company, in its capacity as agent (the “Agent”) for the Lenders (defined below). For the purpose of this Agreement the Agent, and/or its successors and/or assignors, acting on behalf of the Lenders shall be referred to as the “Secured Party”.
