AMENDMENT NUMBER ONE TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • January 2nd, 2020 • Superior Drilling Products, Inc. • Oil & gas field machinery & equipment
This AMENDMENT NUMBER ONE TO LOAN AND SECURITY AGREEMENT (this “Amendment”), dated as of December 30, 2019, is entered into by and between AUSTIN FINANCIAL SERVICES, INC., a Delaware corporation (“Lender”) and SUPERIOR DRILLING PRODUCTS, INC., a Utah corporation, SUPERIOR DRILLING SOLUTIONS, LLC, a Utah limited liability company, HARD ROCK SOLUTIONS, LLC, a Utah limited liability company, EXTREME TECHNOLOGIES, LLC, a Utah limited liability company, MEIER LEASING, LLC, a Utah limited liability company, and MEIER PROPERTIES, SERIES LLC, a Utah limited liability company (individually and collectively, “Borrower”), with reference to the following facts:
