AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • June 27th, 2023 • Phoenix Capital Group Holdings, LLC • Metal mining • Ontario
NOW THEREFORE in consideration of the covenants and agreements contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged by each of the parties), the parties covenant and agree as follows:
SUBORDINATE MASTER REVOLVING LINE OF CREDIT NOTE (ACCRUAL PAY)Phoenix Capital Group Holdings I LLC • July 20th, 2023 • Metal mining • Delaware
FOR VALUE RECEIVED, the undersigned, Phoenix Capital Group Holdings, LLC, a Delaware limited liability company (the “Borrower”), with an address of ________________, promises to pay to the order of Phoenix Capital Group Holdings I LLC, a Delaware limited liability company (the “Lender”), with an address of _______________, in lawful money of the United States of America in immediately available funds, the principal sum of up to [SEVENTY-FIVE MILLION DOLLARS ($75,000,000.00)] or, if less, the aggregate unpaid principal amount of all loans made by the Lender pursuant to that certain Revolving Line of Credit Loan Agreement, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”), between the Borrower and the Lender. This Note is the “Accrual Pay Note” referred to in the Loan Agreement and is entitled to the benefits and subject to the conditions thereof. Simultaneously herewith, the Borrower is also entering into that
