LIMITED LOAN GUARANTY AGREEMENTLimited Loan Guaranty Agreement • September 24th, 2014 • Mammoth Energy Partners LP • Oil & gas field services, nec • Oklahoma
THIS GUARANTY AGREEMENT (this “Guaranty”) is made as of the 3rd day of July, 2013, by the undersigned (“Guarantor” whether one or more), to and for the benefit of INTERNATIONAL BANK OF COMMERCE, whose address is 3817 N.W. Expressway, Suite 100, Oklahoma City, Oklahoma 73112 (“Lender”).
GUARANTOR ACKNOWLEDGEMENT AND CONSENTLimited Loan Guaranty Agreement • October 14th, 2014 • Mammoth Energy Partners LP • Oil & gas field services, nec
The undersigned Guarantors do hereby acknowledge that they have executed that certain Limited Loan Guaranty Agreement dated effective as of July 3, 2013 (the “Guaranty Agreement”), guaranteeing Borrower’s payment and performance of the Note and the Loan Documents up to an amount equal to $ 15,000,000.00 (the “Original Limitation”), which Original Limitation has been reduced to $7,500,000 (the “Current Limitation”) due to Borrower reaching certain financial milestones, as provided in the Guaranty Agreement. Each Guarantor hereby consents to the execution of that certain First Modification to Loan and Security Agreement executed of even date herewith. Each Guarantor hereby reaffirms the Guaranty Agreement in favor of Lender up to the Current Limitation. Guarantor acknowledges and agrees that the aforesaid Guaranty Agreement is hereby amended to guaranty, up to the Current Limitation, the Amended Note which is increasing the current principal balance back to the original balance of the No
