PROSPERITY BANKLoan Agreement • March 28th, 2018 • Tengasco Inc • Crude petroleum & natural gas • Texas
This letter sets forth the Loan Agreement (this “Loan Agreement”) among TENGASCO, INC. (“Borrower”), a Delaware corporation; TENNESSEE LAND & MINERAL CORPORATION (“TLMC”), TENGASCO PIPELINE CORPORATION (“TPC”) and MANUFACTURED METHANE CORPORATION (“MMC”) (each of TLMC, TPC, and MMC are a “Guarantor” and collectively “Guarantors”); and PROSPERITY BANK, successor by merger to The F&M Bank & Trust Company (“Lender”), a Texas state banking association, with respect to loans from Lender to Borrower and obligations of Borrower and Guarantors to Lender. This Loan Agreement amends and restates the Loan and Security Agreement dated June 29, 2006, between Borrower and Lender’s predecessor-in-interest, Citibank, N.A., a national banking association formerly known as Citibank Texas, N.A., as Agent and as a Bank, which was succeeded first by Sovereign Bank and then by Lender.
