CREDIT AGREEMENT between DEEP DOWN, INC. as Borrower and WHITNEY NATIONAL BANK as Lender As of November 11, 2008Credit Agreement • November 14th, 2008 • Deep Down, Inc. • Oil & gas field machinery & equipment
THIS CREDIT AGREEMENT is entered into as of November 11, 2008, between DEEP DOWN, INC., a Nevada corporation (“Borrower”), and WHITNEY NATIONAL BANK, a national banking association (the “Lender”).
EXHIBIT B GUARANTY (Corporate)Deep Down, Inc. • November 14th, 2008 • Oil & gas field machinery & equipment • Texas
THIS GUARANTY (as amended, supplemented, or restated, this “Guaranty”) is executed as of November 11, 2008, by ELECTROWAVE USA, INC., a Nevada corporation, FLOTATION TECHNOLOGIES, INC., a Maine corporation, MAKO TECHNOLOGIES, LLC, a Nevada limited liability company, and DEEP DOWN INC., a Delaware corporation (collectively, the “Guarantors”) for the benefit of WHITNEY NATIONAL BANK, a national banking association (“Lender”).
EXHIBIT F SECURITY AGREEMENTSecurity Agreement • November 14th, 2008 • Deep Down, Inc. • Oil & gas field machinery & equipment
THIS SECURITY AGREEMENT (this “Agreement”) is executed as of November 11, 2008, by DEEP DOWN, INC., a Nevada corporation, ELECTROWAVE USA, INC., a Nevada corporation, FLOTATION TECHNOLOGIES, INC., a Maine corporation, MAKO TECHNOLOGIES, LLC, a Nevada limited liability company, and DEEP DOWN INC., a Delaware corporation (collectively, “Debtor), for the benefit of WHITNEY NATIONAL BANK, a national banking association (“Secured Party”).
