SUBORDINATION AGREEMENTSubordination Agreement • June 30th, 2006 • United Heritage Corp • Crude petroleum & natural gas
THIS SUBORDINATION AGREEMENT (this “Agreement”) is executed by and among LOTHIAN OIL INC. (“Subordinated Lender”) and UNITED HERITAGE CORPORATION and UHC NEW MEXICO CORPORATION (collectively, “Borrower”) and Sterling Bank, a Texas state chartered bank (“Senior Lender”), dated June 16, 2006, to be effective as of March 31, 2006.
GUARANTYGuaranty • June 30th, 2006 • United Heritage Corp • Crude petroleum & natural gas • Texas
THIS GUARANTY (as amended, restated, or supplemented, this “Guaranty”) is executed June 16, 2006, effective as of March 31, 2006, by the undersigned (jointly and severally, “Guarantor” and collectively, the “Guarantors”), for the benefit of Sterling Bank (the “Lender”).
SECURITY AGREEMENT, PLEDGE AND FINANCING STATEMENTSecurity Agreement, Pledge and Financing Statement • June 30th, 2006 • United Heritage Corp • Crude petroleum & natural gas • Texas
This Security Agreement, Pledge and Financing Statement (this “Agreement”) is made and entered into June 16, 2006, effective as of March 31, 2006, by UNITED HERITAGE CORPORATION, a Utah corporation, and UHC NEW MEXICO CORPORATION, a New Mexico corporation (individually and collectively, the “Debtor”), in favor of Sterling Bank (the “Secured Party”).
STOCK PLEDGE AGREEMENTStock Pledge Agreement • June 30th, 2006 • United Heritage Corp • Crude petroleum & natural gas • Texas
This STOCK PLEDGE AGREEMENT (this “Agreement”), dated June 16, 2006, effective as of March 31, 2006, is entered into between United Heritage Corporation, a Utah corporation (“Pledgor”) and Sterling Bank (“Secured Party”), with reference to the following:
AMENDED AND RESTATED CREDIT AGREEMENT BETWEEN LOTHIAN OIL INC., as “Parent Borrower” and UNITED HERITAGE CORPORATION, LOTHIAN OIL (USA) INC., LOTHIAN OIL TEXAS I, INC., and UHC NEW MEXICO CORPORATION and, collectively, with Parent Borrower,...Credit Agreement • June 30th, 2006 • United Heritage Corp • Crude petroleum & natural gas • Texas
THIS AMENDED AND RESTATED CREDIT AGREEMENT is made and entered into the 16th day of June, 2006, effective as of March 31, 2006, by and between LOTHIAN OIL INC., a Delaware corporation (the “Parent Borrower”), UNITED HERITAGE CORPORATION, a Utah corporation, LOTHIAN OIL (USA) INC., a Texas corporation, LOTHIAN OIL TEXAS I, INC., a Texas corporation, and UHC NEW MEXICO CORPORATION, a New Mexico corporation (“Subsidiary Borrowers” and, collectively, with Parent Borrower, “Borrowers”), and STERLING BANK, a Texas state chartered bank (the “Lender”).
