REVOLVING LINE OF CREDIT FACILITY AGREEMENTRevolving Line of Credit Facility Agreement • October 18th, 2016 • PetroShare Corp. • Crude petroleum & natural gas • Colorado
This Revolving Line of Credit Facility Agreement (this “Agreement”) sets forth the terms pursuant to which Providence Energy Partners III, LP, whose address is 16400 North Dallas Parkway, Suite 400, Dallas, TX 75248 (“Lender”) is making available to PetroShare Corp., whose address is 7200 S. Alton Way, Suite B-220, Centennial, CO 80112 (“Borrower”), a revolving line of credit (the “Line of Credit”), to be evidenced by a Promissory Note dated of even date herewith and in the form of Exhibit A attached hereto and made a part hereof (the “Note”). In partial consideration of this Line of Credit, Borrower has agreed to sell and assign certain oil and gas interests to Lender, in accordance with that certain Letter Agreement between Borrower and Lender of even date herewith. The terms of the Line of Credit are as follows:
