CREDIT AGREEMENT by and among FOOTHILLS RESOURCES, INC. and EACH OF ITS SUBSIDIARIES THAT ARE SIGNATORIES HERETO as Borrowers, THE LENDERS THAT ARE SIGNATORIES HERETO as the Lenders, and WELLS FARGO FOOTHILL, LLC as Agent Dated as of December 13, 2007Credit Agreement • December 17th, 2007 • Foothills Resources Inc • Crude petroleum & natural gas • New York
THIS CREDIT AGREEMENT (this “Agreement”), is entered into as of December 13, 2007, by and among the lenders identified on the signature pages hereof (such lenders, together with their respective successors and permitted assigns, are referred to hereinafter each individually as a “Lender” and collectively as the “Lenders”), WELLS FARGO FOOTHILL, LLC., a Delaware limited liability company, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, “Agent”), FOOTHILLS RESOURCES, INC., a Nevada corporation (“Parent”) and each of Parent’s Subsidiaries identified on the signature pages hereof (such Subsidiaries, together with Parent, are referred to hereinafter each individually as a “Borrower”, and individually and collectively, jointly and severally, as the “Borrowers”).
SECURITY AGREEMENTPatent Security Agreement • December 17th, 2007 • Foothills Resources Inc • Crude petroleum & natural gas • New York
This SECURITY AGREEMENT (this “Agreement”), dated as of December 13, 2007, among Grantors listed on the signature pages hereof and those additional entities that hereafter become parties hereto by executing the form of Supplement attached hereto as Annex 1 (collectively, jointly and severally, the “Grantors” and each, individually, a “Grantor”), and WELLS FARGO FOOTHILL, LLC, a Delaware limited liability company, in its capacity as administrative agent for the Lender Group and the Bank Product Provider (together with its successors and assigns, the “Agent”).
