LOAN AGREEMENTLoan Agreement • September 25th, 2008 • Mitcham Industries Inc • Services-equipment rental & leasing, nec • Texas
THIS AGREEMENT made and entered into on this 24th day of September, 2008, by and between MITCHAM INDUSTRIES, INC., a Texas corporation, with principal offices at Huntsville, in Walker County, Texas (herein referred to as “Borrower”), and First Victoria National Bank, a national banking corporation, with its offices and domicile in Victoria, Victoria County, Texas, (herein referred to as “Lender”) to induce Lender to extend credit to Borrower in the amounts evidenced by the promissory note described in Paragraph II A of this agreement (herein referred to as the “Loan”) and evidencing the line of credit described herein.
