SECURITY AGREEMENTSecurity Agreement • September 28th, 2018 • Phi Inc • Air transportation, nonscheduled • Louisiana
This Security Agreement (this “Security Agreement”), dated and effective as of September 28, 2018 (the “Effective Date”), is made by PHI, Inc., a Louisiana corporation, PHI Air Medical, L.L.C., a Louisiana limited liability company, and PHI Tech Services, Inc., a Louisiana corporation (individually and collectively, “Grantor”) in favor of Thirty Two, L.L.C., a Nevada limited liability company (“Secured Party”).
LOAN AGREEMENTLoan Agreement • September 28th, 2018 • Phi Inc • Air transportation, nonscheduled • Louisiana
This LOAN AGREEMENT (this “Agreement”), dated and effective as of September 28, 2018 (the “Effective Date”), is by and among Thirty Two, L.L.C., a Nevada limited liability company (“Lender”), PHI, Inc., a Louisiana corporation, as borrower (“PHI”), PHI Air Medical, L.L.C., a Louisiana limited liability company, and PHI Tech Services, Inc., a Louisiana corporation, as guarantors (individually, collectively and interchangeably, the “Subsidiary Guarantors”).
GUARANTY AGREEMENTGuaranty Agreement • September 28th, 2018 • Phi Inc • Air transportation, nonscheduled • Louisiana
This Guaranty Agreement (this “Guaranty”), dated and effective as of September 28, 2018 (the “Effective Date”), is made by PHI Air Medical, L.L.C., a Louisiana limited liability company, and PHI Tech Services, Inc., a Louisiana corporation (individually and collectively, “Guarantor”) in favor of Thirty Two, L.L.C., a Nevada limited liability company (“Lender”). Guarantor agrees as follows:
