SECURITY AGREEMENTSecurity Agreement • June 13th, 2023 • Stabilis Solutions, Inc. • Natural gas distribution • Texas
THIS SECURITY AGREEMENT (this “Security Agreement”) is executed effective as of June 9, 2023, by STABILIS SOLUTIONS, INC., a Florida corporation, STABILIS LNG EAGLE FORD LLC, a Delaware limited liability company, STABILIS GDS, INC., a Delaware corporation, and STABILIS LNG PORT ALLEN, LLC, a Texas limited liability company (hereinafter sometimes referred to individually as a “Debtor” and collectively as “Debtors”), each of whose principal place of business and chief executive office is located at 11750 Katy Freeway, Suite 900, Houston, Texas, 77079, and CADENCE BANK, a Mississippi state banking corporation (“Secured Party”), with offices at 1333 West Loop South, Suite 1700, Houston, Texas 77027. All capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in that certain Loan Agreement dated of even date herewith executed by Debtors and Secured Party, and all modifications, renewals, extensions, amendments, restatements and rearrangements thereof
REVOLVING LINE OF CREDIT NOTE $10,000,000.00 Houston, Texas June 9, 2023Stabilis Solutions, Inc. • June 13th, 2023 • Natural gas distribution
FOR VALUE RECEIVED, STABILIS SOLUTIONS, INC., a Florida corporation, STABILIS LNG EAGLE FORD LLC, a Delaware limited liability company, STABILIS GDS, INC., a Delaware corporation, and STABILIS LNG PORT ALLEN, LLC, a Texas limited liability company (hereinafter sometimes referred to individually as a “Maker,” and collectively, jointly and severally as “Makers”), each of whose principal place of business and chief executive office is located at 11750 Katy Freeway, Suite 900, Houston, Texas, 77079, jointly and severally promise to pay to the order of CADENCE BANK, a Mississippi state banking corporation (“Payee”), at its banking offices at 1333 West Loop South, Suite 1700, Houston, Texas 77027, or at such other place and to such other party or parties as the owner and holder hereof may from time to time designate in writing, the sum of TEN MILLION AND NO/100 DOLLARS ($10,000,000.00), or the unpaid principal balance outstanding from all advances made hereunder from time to time, in lawful
LOAN AGREEMENTLoan Agreement • June 13th, 2023 • Stabilis Solutions, Inc. • Natural gas distribution • Texas
THIS LOAN AGREEMENT (this “Agreement”) is executed effective as of June 9, 2023, by STABILIS SOLUTIONS, INC., a Florida corporation (“Solutions”), STABILIS LNG EAGLE FORD LLC, a Delaware limited liability company (“Eagle Ford”), STABILIS GDS, INC., a Delaware corporation (“GDS”), STABILIS LNG PORT ALLEN, LLC, a Texas limited liability company (“Port Allen”), and CADENCE BANK, a Mississippi state banking corporation (“Bank”), whose address for purposes hereof is 1333 West Loop South, Suite 1700, Houston, Texas 77027. Each Borrower’s address for purposes hereof is 11750 Katy Freeway, Suite 900, Houston, Texas 77079.
