SECURITY AGREEMENTSecurity Agreement • May 3rd, 2013 • TX Holdings, Inc. • Crude petroleum & natural gas
This Security Agreement made and entered into this 30th day of April, 2012, between WILLIAM L. SHREWSBURY of 9413 Collier Road, Catlettsburg, KY 41129 (“Lender”) and TX HOLDINGS, INC., a Georgia corporation authorized to do business in and doing business in the Commonwealth of Kentucky, of 12080 Virginia Boulevard, Ashland, KY 41102 (“Debtor”).
LEASE AGREEMENTLease Agreement • May 3rd, 2013 • TX Holdings, Inc. • Crude petroleum & natural gas
This lease made and entered into this 19th day of November, 2012, by and between WILLIAM L. SHREWSBURY and PEGGY L. SHREWSBURY, his wife, of P. O. Box 1425, Ashland, KY 41105-1425, hereinafter collectively “Lessor”, and TX Holdings, Inc., of 12070 Virginia Blvd., Ashland, KY. 41102, at 606-929-5655.
BUSINESS LOAN AGREEMENTBusiness Loan Agreement • May 3rd, 2013 • TX Holdings, Inc. • Crude petroleum & natural gas • Kentucky
THIS BUSINESS LOAN AGREEMENT dated November 7, 2012, is made and executed between TX Holdings, Inc. (“Borrower”) and Home Federal Savings & Loan Association (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement: (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement. TERM. This Agreement shall be effective as of November 7, 2012, and shall continue in full force and effect until such t
