SUBORDINATION AGREEMENTSubordination Agreement • March 10th, 2016 • Superior Drilling Products, Inc. • Oil & gas field machinery & equipment
THIS SUBORDINATION AGREEMENT (“Agreement”) is entered into as of March 8, 2016, among Superior Drilling Products, Inc., a Utah corporation (“Superior”), Superior Drilling Solutions, LLC, a Utah limited liability company (“Drilling”), Hard Rock Solutions, LLC, a Utah limited liability company (“Hard Rock”), Extreme Technologies, LLC, a Utah limited liability company (“Extreme”, and together with Superior, Drilling and Hard Rock, “Borrower” or “Borrowers”), FEDERAL NATIONAL PAYABLES, INC., a Delaware corporation doing business as Federal National Commercial Credit (“Lender”) and the noteholder whose name and address is set forth on the signature page to this Agreement (hereinafter collectively called “Noteholder”).
SUPERIOR DRILLING PRODUCTS, INC. NonSTATUTORY Stock Option AGREEMENT (Employee, Director, Consultant)Nonstatutory Stock Option Agreement • March 10th, 2016 • Superior Drilling Products, Inc. • Oil & gas field machinery & equipment
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 10th, 2016 • Superior Drilling Products, Inc. • Oil & gas field machinery & equipment • Maryland
THIS LOAN AND SECURITY AGREEMENT (“Agreement”) is entered into as of March 8, 2016, among Superior Drilling Products, Inc., a Utah corporation (“Superior”), Superior Drilling Solutions, LLC, a Utah limited liability company (“Drilling”), Hard Rock Solutions, LLC, a Utah limited liability company (“Hard Rock”), Extreme Technologies, LLC, a Utah limited liability company (“Extreme”, and together with Superior, Drilling and Hard Rock, “Borrower” or “Borrowers”), and FEDERAL NATIONAL PAYABLES, INC., a Delaware corporation doing business as Federal National Commercial Credit (“Lender”).
