CREDIT AND SECURITY AGREEMENTCredit and Security Agreement • November 1st, 2024 • Enservco Corp • Oil & gas field services, nec • Michigan
PATHWARD, NATIONAL ASSOCIATION (together with its successors and assigns, “Lender”), BUCKSHOT TRUCKING LLC, a Wyoming limited liability company (“Buckshot”; and together with each other person that joins this Agreement as a Borrower, each a “Borrower” and collectively the “Borrowers”), and ENSERVCO CORPORATION, a Delaware corporation (“Enservco”; and together with each other entity that joins this Agreement as a corporate guarantor are individually and collectively, the “Corporate Guarantor”) enter into this Credit and Security Agreement (as the same may be amended, restated, supplemented or otherwise modified, the “Agreement”) on October 23, 2024 (the “Closing Date”). For good and valuable consideration, the receipt and sufficiency of which are acknowledged, Borrowers and Lender agree as follows:
SECURITY AGREEMENT (All Assets)Security Agreement • November 1st, 2024 • Enservco Corp • Oil & gas field services, nec
This Security Agreement (“Agreement”) is made October 23, 2024, by and between PATHWARD, NATIONAL ASSOCIATION (together with its successors and assigns, "Lender"), whose address is 5480 Corporate Drive, Suite 350, Troy, Michigan 48098 and ENSERVCO CORPORATION, a Delaware corporation, whose address is 14133 County Road 9 ½, Longmont, Colorado 80504 ("Guarantor").
REVOLVING NOTERevolving Note • November 1st, 2024 • Enservco Corp • Oil & gas field services, nec
This Revolving Note (“Note”) is referred to in and was delivered pursuant to the Credit and Security Agreement (as amended, restated or otherwise modified from time to time, the “Credit Agreement”) as of even date herewith between Borrower and Lender under which Advances, repayment and further Advances may be made from time to time, pursuant to the provisions of the Credit Agreement. Reference is made to the Credit Agreement for additional terms relating to this Note and the security given for this Note. Any capitalized terms used in this Note, if not defined in this Note, will have the meanings assigned to such terms in the Credit Agreement.
GUARANTYGuaranty • November 1st, 2024 • Enservco Corp • Oil & gas field services, nec • Michigan
This Guaranty ("Guaranty") is made on October 23, 2024, by ENSERVCO CORPORATION, a Delaware corporation ("Guarantor") whose mailing address is 14133 County Road 9 1/2, Longmont, Colorado 80504, in favor of PATHWARD, NATIONAL ASSOCIATION (together with its successors and assigns, "Lender") whose mailing address is 5480 Corporate Drive, Suite 350, Troy, Michigan 48098 to induce Lender to make a loan and/or extend or continue credit to BUCKSHOT TRUCKING LLC, a Wyoming limited liability company (the "Borrower") and because Guarantor, whose economic success is vitally linked to Borrower's success, has determined that executing and delivering this Guaranty is in Guarantor’s interest and to Guarantor’s financial benefit.
