GUARANTYGuaranty • August 17th, 2016 • Superior Drilling Products, Inc. • Oil & gas field machinery & equipment • Maryland
THIS GUARANTY (this “Guaranty”) is made and effective this _____ day of August, 2016, by and from the undersigned individual(s), each having a principal residence address as set forth on the signature page(s) to this Guaranty (individually and collectively, “Guarantor”), to and for the benefit of FEDERAL NATIONAL PAYABLES, INC. doing business as FEDERAL NATIONAL COMMERCIAL CREDIT, a Delaware corporation (“Federal National”), whose principal address is 7315 Wisconsin Ave, Suite 820W, Bethesda, Maryland 20814-3225.
MODIFICATION, CONSENT AND FORBEARANCE AGREEMENTModification, Consent and Forbearance Agreement • August 17th, 2016 • Superior Drilling Products, Inc. • Oil & gas field machinery & equipment • Maryland
This Modification, Consent and Forbearance Agreement (“Agreement”) is entered into as of this 16th day of August, 2016, by and 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”).
