Exhibit 10.39





 


		
        U.S.
        Small Business Administration

         

        Unconditional
        Guarantee 



  


	SBA Loan #	65911350-04
	 	 
	SBA Loan Name	Superior Drilling, LLC
	 	 
	Guarantor	Meier Family Holding Co, LLC
	 	 
	Borrower	Superior Drilling Products, LLC, Meier Leasing, LLC and Meier Management Company, LLC
	 	 
	Lender	Proficio Bank
	 	 
	Date	December 30, 2013
	 	 
	Note Amount	$627, 000.00


 


		1.	GUARANTEE:



 


Guarantor
unconditionally guarantees payment to Lender of all amounts owing under the Note. This Guarantee remains in effect until the Note
is paid in full. Guarantor must pay all amounts due under the Note when Lender makes written demand upon Guarantor. Lender is not
required to seek payment from any other source before demanding payment from Guarantor.


 


		2.	NOTE:



 


The
“Note” is the promissory note dated December, 2013 in
the principal amount of Six Hundred Twenty-Seven Thousand Dollars and
Zero Cents Dollars, from Borrower to Lender. It
includes any assumption, renewal, substitution, or replacement of the Note, and multiple notes under a line of
credit.


 


		3.	DEFINITIONS:



 


“Collateral”
means any property taken as security for payment of the Note or any guarantee of the Note.


“Loan”
means the loan evidenced by the Note.


“Loan
Documents” means the documents related to the Loan signed by Borrower, Guarantor or any other guarantor, or anyone who pledges
Collateral.


“SBA”
means the Small Business Administration, an Agency of the United States of America.


 




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		4.	LENDER’S GENERAL POWERS:



 


Lender
may take any of the following actions at any time, without notice, without Guarantor’s consent, and without making demand
upon Guarantor:


 


		A.	Modify the terms of the Note or any other Loan Document
except to increase the amountsdue under the Note;



 


		B.	Refrain from taking any action on the Note, the Collateral,
or any guarantee;



 


		C.	Release any Borrower or any guarantor of the Note;



 


		D.	Compromise or settle with the Borrower or any guarantor
of the Note;



 


		E.	Substitute or release any of the Collateral, whether
or not Lender receives anything in return;



 


		F.	Foreclose upon or otherwise obtain, and dispose of, any Collateral at public or private sale, with
or without advertisement;



 


		G.	Bid or buy at any sale of Collateral by Lender or any
other lienholder, at any price Lender chooses; and



 


		H.	Exercise any rights it has, including those in the Note
and other Loan Documents.



 


These
actions will not release or reduce the obligations of Guarantor or create any rights or claims against Lender.


 


		5.	FEDERAL LAW:



 


When
SBA is the holder, the Note and this Guarantee will be construed and enforced under federal law, including SBA regulations. Lender
or SBA may use state or local procedures for filing papers, recording documents, giving notice, foreclosing liens, and other purposes.
By using such procedures, SBA does not waive any federal immunity from state or local control, penalty, tax, or liability. As to
this Guarantee, Guarantor may not claim or assert any local or state law against SBA to deny any obligation, defeat any claim of
SBA, or preempt federal law.


 


		6.	RIGHTS, NOTICES, AND DEFENSES THAT GUARANTOR WAIVES:



 


To
the extent permitted by law,


 


		A.	Guarantor waives all rights to:



 


		1)	Require presentment, protest, or demand upon Borrower;



		2)	Redeem any Collateral before or after Lender disposes
of it;



		3)	Have any disposition of Collateral advertised; and



		4)	Require a valuation of Collateral before or after Lender
disposes of it.



 


		B.	Guarantor waives any notice of:



 


		1)	Any default under the Note;



		2)	Presentment, dishonor, protest, or demand;



		3)	Execution of the Note;



		4)	Any action or inaction on the Note or Collateral, such as disbursements, payment, nonpayment, acceleration,
intent to accelerate, assignment, collection activity, and incurring enforcement expenses;



		5)	Any change in the financial condition or business operations
of Borrower or any guarantor;



		6)	Any changes in the terms of the Note or other Loan Documents, except increases in the amounts due
under the Note; and



		7)	The time or place of any sale or other disposition of
Collateral.



 


		C.	Guarantor waives defenses based upon any claim that:



 


		1)	Lender failed to obtain any guarantee;



		2)	Lender failed to obtain, perfect, or maintain a security
interest in any property offered or taken as Collateral;



		3)	Lender or others improperly valued or inspected the Collateral;



		4)	The Collateral changed in value, or was neglected, lost,
destroyed, or underinsured;



 




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		5)	Lender impaired the Collateral;



		6)	Lender did not dispose of any of the Collateral;



		7)	Lender did not conduct a commercially reasonable sale;



		8)	Lender did not obtain the fair market value of the Collateral;



		9)	Lender did not make or perfect a claim upon the death or disability of Borrower or any guarantor of
the Note;



		10)	The financial condition of Borrower or any guarantor was overstated or has adversely changed;



		11)	Lender made errors or omissions in Loan Documents or administration of the Loan;



		12)	Lender did not seek payment from the Borrower, any other guarantors, or any Collateral before demanding
payment from Guarantor:



		13)	Lender impaired Guarantor’s suretyship rights;



		14)	Lender modified the Note terms, other than to increase amounts due under the Note. If Lender modifies
the Note to increase the amounts due under the Note without Guarantor’s consent, Guarantor will not be liable for the increased
amounts and related interest and expenses, but remains liable for all other amounts;



		15)	Borrower has avoided liability on the Note; or



		16)	Lender has taken an action allowed under the Note, this Guarantee, or other Loan Documents.



 


		7.	DUTIES AS TO COLLATERAL:



 


Guarantor
will preserve the Collateral pledged by Guarantor to secure this Guarantee. Lender has no duty to preserve or dispose of any Collateral.


 


		8.	SUCCESSORS AND ASSIGNS:



 


Under
this Guarantee, Guarantor includes heirs and successors, and Lender includes its successors and assigns.


 


		9.	GENERAL PROVISIONS:



 


		A.	ENFORCEMENT EXPENSES. Guarantor promises to pay all expenses Lender incurs to enforce this Guarantee,
including, but not limited to, attorney’s fees and costs.
	 	 	 



		B.	SBA NOT A CO-GUARANTOR. Guarantor’s liability will continue even if SBA pays Lender. SBA is
not a co-guarantor with Guarantor. Guarantor has no right of contribution from SBA.
	 	 	 



		C.	SUBROGATION RIGHTS. Guarantor has no subrogation rights as to the Note or the Collateral until the
Note is paid in full.
	 	 	 



		D.	JOINT AND SEVERAL LIABILITY. All individuals and entities signing as Guarantor are jointly and severally
liable.
	 	 	 



		E.	DOCUMENT SIGNING. Guarantor must sign all documents necessary at any time to comply with the Loan
Documents and to enable Lender to acquire, perfect, or maintain Lender’s liens on Collateral.
	 	 	 



		F.	FINANCIAL STATEMENTS. Guarantor must give Lender financial
statements as Lender requires.
	 	 	 



		G.	LENDER’S RIGHTS CUMULATIVE, NOT WAIVED. Lender may exercise any of its rights separately
or together, as many times as it chooses. Lender may delay or forgo enforcing any of its rights without losing or impairing any
of them.
	 	 	 



		H.	ORAL STATEMENTS NOT BINDING. Guarantor may not use an oral statement to contradict or alter the written
terms of the Note or this Guarantee, or to raise a defense to this Guarantee.
	 	 	 



		I.	SEVERABILITY. If any part of this Guarantee is found
to be unenforceable, all other parts will remain in effect.
	 	 	 



		J.	CONSIDERATION. The consideration for this Guarantee is
the Loan or any accommodation by Lender as to the Loan.






 




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		10.	STATE-SPECIFIC PROVISIONS:



  


	
         

         

         

         

         

         

         

         

         






 






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