Document:

SUBORDINATION
      AGREEMENT

    

    

    THIS
      SUBORDINATION AGREEMENT executed effective as of the 19th day of November 2007,
      by and between [Name of Investor] (“Loan Holder”),
      Wachovia Bank, National Association ("Lender"), SMF Energy
      Corporation, a Delaware corporation (“SMF”), H & W
      Petroleum Company, Inc. (“H & W”) and SMF Services, Inc.
      (“SSI”) (SMF, H & W and SSI are referred to collectively as
“Borrower").

    

    WITNESSETH:

    

    WHEREAS,
      Loan Holder is the legal owner and holder of an unsecured Promissory Note dated
      November 19, 2007, executed by SMF in favor of Loan Holder (the "Note")
      (the
      loan evidenced by the Note, together with any present or future unsecured
      indebtedness of Borrower to Loan Holder of every kind and description, direct
      or
      contingent, due or not due, original, renewed or extended and whether now in
      existence or hereafter arising in connection with the Note are referred to
      as
      the "Subordinated
      Debt”);
      and

    

    WHEREAS,
      Lender and Borrower have entered into that certain Loan and Security Agreement
      dated September 26, 2002 (as at any time amended, the “Loan Agreement) and
      certain other loan documents in connection therewith (collectively, the
      "Loan
      Documents")
      which
      provide to Lender a first priority security interest ("Lender's
      Security Interest")
      in
      certain assets of Borrower whether now owned or hereafter acquired (the
      "Collateral"),
      in
      exchange for prior and continuing loans by Lender to Borrower (the “Loans");
      and

    

    WHEREAS,
      Borrower will materially benefit as a result of Lender continuing to make Loans
      to Borrower; and

    

    WHEREAS,
      Loan Holder is a shareholder of SMF and as such will benefit from Lender
      continuing to extend the Loans to Borrower; and

    

    WHEREAS,
      Loan Holder acknowledges that Lender is willing to continue extending the Loans
      only on the condition that the Subordinated Debt be subordinate and inferior
      to
      the Loans, and to all other indebtedness of Borrower to Lender, whether now
      in
      existence or hereafter created; and

    

    WHEREAS,
      Loan Holder has agreed to subordinate the Note and Subordinated Debt to the
      lien
      and effect of the Loans and Lender's Security Interest and all security
      instruments securing the Loans, and all other indebtedness of Borrower to Lender
      of every kind and description, direct or contingent, due or not due, secured
      or
      unsecured, original, renewed
      or
      extended, whether now in existence or hereafter arising, except that Lender
      has
      agreed to permit Loan Holder to be repaid with a portion of the proceeds of
      a
      proposed offering by SMF of equity securities meeting certain criteria set
      forth
      herein; and

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    WHEREAS,
      Loan Holder acknowledges that Lender would not continue to extend the Loans
      without the execution of this Agreement by Loan Holder and by any other
      subsequent lenders to Borrower (“Other
      Loan Holders”);
      and

    

    NOW,
      THEREFORE, in consideration of, and as an inducement to Lender to continue
      to
      extend the Loans to Borrower, Loan Holder, Lender and Borrower do hereby agree
      as follows:

    

    1. The
      facts
      as set forth above are true and correct and are incorporated herein by
      reference.

    

    2. Loan
      Holder and Borrower do hereby warrant and represent that the Note represents
      the
      only indebtedness currently outstanding that is due and owing from Borrower
      to
      Loan Holder except for the debt evidenced by a promissory note dated August
      8,
      2007 (the “Secured
      Note”)
      and
      secured by a first priority security interest in certain property of Borrower
      other than the Collateral pursuant to a Security Agreement dated August 8,
      2007
      (the “Security
      Agreement”)
      between Borrower and the trustee named in the Indenture Agreement of even date
      therewith for the Secured Notes, which is subject to a Subordination Agreement
      dated July 13, 2007 in favor of Lender (the "July
      2007 Subordination Agreement").

    

    3. Loan
      Holder hereby unconditionally subordinates the Note and the Subordinated Debt
      to
      the Loans and to all other present and future debts and obligations of Borrower
      to Lender, including all obligations of Borrower to Lender of every kind and
      description, direct or contingent, due or not due, secured or unsecured,
      original, renewed or extended, whether now in existence or hereafter arising
      and
      to the lien and effect of Lender's Security Interest in and to the Collateral
      and to all Loan Documents and all other debts and obligations of Borrower to
      Lender. Nothing herein shall affect the security interest of Loan Holder
      pursuant to the Security Agreement, to the extent such security interest secures
      obligations of Borrower to Loan Holder arising under or in connection with
      the
      Secured Note, and nothing herein shall modify or amend in any manner the July
      2007 Subordination Agreement, which remains in full force and effect.

    

    4. Loan
      Holder and Borrower do hereby warrant, represent and agree that no payment
      (principal, interest or any other payment) shall be made, permitted or accepted
      under the Note or Subordinated Debt until all of the Loans have been fully
      paid
      and the Loan Agreement terminated, excepting for payments of interest in money
      or shares of stock of Borrower which shall be permitted so long as no Event
      of
      Default (as defined in the Loan Agreement) has occurred and is continuing.
      If
      any payment is made to Loan Holder in payment of the Note or the Subordinated
      Debt, or if any security or proceeds thereof is received on account of the
      Note
      or the Subordinated Debt contrary to the terms of this Agreement, the Borrower
      agrees that the same shall be and constitute an Event of Default. Loan Holder
      acknowledges that (i) upon the occurrence of an Event of Default, Lender shall
      be entitled to immediately exercise all remedies provided to Lender in
      connection with the Collateral and under the Loan Documents, and (ii) following
      the occurrence of such Event of Default and so long as the same shall be
      continuing, (A) each and every amount paid by or on behalf of any Borrower
      to
      Loan Holder or items received by Loan Holder (from any Borrower or from an
      individual or an entity on behalf of any Borrower) from and after such
      occurrence shall be forthwith paid by Loan Holder to Lender, in precisely the
      form received (except for Loan Holder's endorsement, where necessary), to be
      credited and applied, in Lender's sole discretion, upon any indebtedness
      (principal and/or interest and/or otherwise as Lender may elect, in its sole
      discretion) then owing to Lender by Borrower and, whether matured or unmatured,
      and, until so delivered, the same shall be held in trust by Loan Holder as
      the
      property of Lender; and (B) in the event of a failure of Loan Holder to endorse
      any instrument for the payment of monies so received by Loan Holder payable
      to
      Loan Holder's order, Lender, or any officer or employee of Lender, is hereby
      irrevocably constituted and appointed attorney-in-fact (coupled with an
      interest) for Loan Holder and Loan Holder's heirs, representatives, successors
      and assigns, with full power to make any such endorsement and with full power
      of
      substitution. Notwithstanding anything herein to the contrary and in accordance
      with the terms and conditions of the Note or Subordinated Debt, (i) Loan Holder
      may, at Loan Holder’s election, convert all or part of the Note or Subordinated
      Debt into common stock of SMF; to the extent permitted by the terms of the
      Note
      or as may subsequently be agreed by Borrower and Loan Holder and (ii) Borrower
      shall be entitled, so long as no Event of Default (as defined in the Loan
      Documents) has occurred and is continuing, to repay to Loan Holder in accordance
      with the terms of the Note, as the same may be hereinafter amended, the
      outstanding principal balance of the Note and the Subordinated Debt associated
      therewith from the proceeds of any issuance or sale by SMF of equity securities
      after the date hereof (but only to the extent of the net proceeds from such
      issuance or sale), and Loan Holder may accept and retain any such payment
      without regard to the provisions of this Agreement. 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    5. Loan
      Holder agrees that it will not exercise any collection rights with respect
      to
      the Note or Subordinated Debt, will not take possession of, sell or dispose
      of,
      accept any lien on, or otherwise deal with, any Collateral, and will not
      exercise or enforce any right or remedy which may be available to Loan Holder
      with respect to the Note or Subordinated Debt upon default of Borrower under
      the
      Loans or any other indebtedness of Borrower to Lender or under the Subordinated
      Debt until such time as the Loans, as the same may be modified from time to
      time, including all principal, interest and other charges associated therewith,
      have been paid in full and no other debts or obligations are due and owing
      from
      Borrower to Lender and the Loan Agreement is terminated. Loan Holder agrees
      to
      promptly notify Lender, in writing, by certified mail, return receipt requested,
      of any default by Borrower under the Notes or Subordinated Debt; and Lender
      agrees to promptly notify Loan Holder in the same manner of any Event of
      Default, but failure of Lender to notify Loan Holder shall not negate the Event
      of Default. 

    

    6. Upon
      any
      distribution of the assets or readjustment of indebtedness of Borrower, whether
      by reason of reorganization, liquidation, dissolution, bankruptcy, receivership,
      assignment for the benefit of creditors, or any other action or proceeding
      involving the readjustment of all or any part of the Subordinated Debt or the
      application of the assets of the Borrower to the payment or liquidation thereof,
      either in whole or in part, Lender shall be entitled to receive payment in
      full
      of any and all indebtedness under the Loans or otherwise then owing to Lender
      by
      Borrower prior to the payment of all or any of the Subordinated Debt.

    

    7. Loan
      Holder agrees that Loan Holder shall not transfer, assign, encumber, hypothecate
      or subordinate, at any time while this Agreement remains in effect, any right,
      claim or interest of any kind in or to any of Loan Holder's Subordinated Debt,
      either principal or interest or otherwise, unless such transfer, encumbrance,
      hypothecation or subordination is made upon prior written notice to Lender,
      subject to this Subordination Agreement, and the transferee or recipient has
      expressly assumed the covenants and obligations contained herein; and provided
      further that there shall promptly be placed on each of the Notes a legend
      reciting that the same is subject to this Agreement.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    8. Loan
      Holder acknowledges that Lender may, at any time, in its discretion, increase
      or
      decrease the amount of the Loans, renew or extend the time of payment of all
      or
      any portion of the Loans or any other existing or future indebtedness or
      obligations of Borrower to Lender and/or waive or delay in enforcing any rights
      or release any collateral relative thereto at any time(s) and, in reference
      thereto, to modify or amend the Loan Documents (including, without limitation,
      to add or release any person or entity as a borrower or guarantor thereunder,
      to
      accept additional collateral as security for the Loans or to release any
      existing Collateral, to expand the Events of Default contained therein, to
      expand Lender's enforcement remedies thereunder, or otherwise) and/or make
      and
      enter into such agreement(s), compromise(s) and other indulgence(s), as Lender
      may deem proper or desirable, without notice to or further assent of Loan
      Holder, all without in any manner impairing or affecting this Agreement or
      any
      of Lender's rights hereunder.

    

    9. Loan
      Holder hereby agrees that Loan Holder will render to Lender, upon demand, from
      time to time, a statement of the account of Loan Holder with Borrower. Borrower
      agrees to duly comply with and conform with each and every term of this
      Agreement, on its part required to be performed.

    

    10. All
      notices, demands and communications given or made hereunder or pursuant thereto
      shall be in writing and shall be hand delivered, delivered by recognized
      expedited carrier, or mailed by registered or certified mail with postage
      prepaid, addressed in each case as follows and shall be deemed to have been
      given or made when so mailed:

    

    
      	 	
              To
                Loan Holder:

            	
              [Investor]

            
	 	 	
              [Address]

            
	 	 	
              [Address]

            
	 	 	
              Attention:
                [Authorized Representative]

            
	 	 	 
	 	
              To
                Lender:

            	
              Wachovia
                Bank, National Association.

            
	 	 	
              110
                East Broward Boulevard

            
	 	 	
              Suite
                2050

            
	 	 	
              Miami,
                FL 33301

            
	 	 	
              Attention:
                Portfolio Manager

            
	 	 	 
	 	 	 
	 	
              To
                Borrower:

            	
              SMF
                Energy Corporation.

            
	 	 	
              200
                West Cypress Creek Road

            
	 	 	
              Suite
                400

            
	 	 	
              Fort
                Lauderdale, FL 33309

            
	 	 	
              Attn:
                Richard E. Gathright, President

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    or
      to
      such other address or to such other person as any party shall designate to
      the
      others for such purposes in the manner hereinabove set forth.

    

    11. The
      parties hereto acknowledge and agree that Loan Holder shall be deemed to have
      appointed Lender as Loan Holder’s attorney-in-fact (coupled with an interest)
      for the purposes of ensuring compliance with Lender’s rights under Section 4
      hereof and, in any bankruptcy or other insolvency proceeding, to give Lender
      the
      right (without any obligation or liability): (a) to file proofs of claim for
      the
      Subordinated Debt, either in Lender’s or Loan Holder’s name; (b) to receive any
      assets of Borrower distributed on account of the Subordinated Debt for
      application to the Loans; (c) to vote claims for the Subordinated Debt to accept
      or reject any plan of reorganization or liquidation; and (d) to take any action
      in such bankruptcy or other insolvency proceeding that Loan Holder would be
      authorized to take in respect of the Subordinated Debt but for this Agreement.
      The terms of this Agreement shall remain in full force and effect until the
      Loan
      and any other indebtedness of any Borrower to Lender, or any Replacement
      Facility (as defined below) is indefeasibly paid in full and Lender's
      commitments to make further extensions of credit to any Borrower have been
      terminated

     

    12. This
      Agreement may be signed in multiple counterparts, and each such counterpart
      shall have the same binding force and effect as if it were signed by all parties
      hereto. This Agreement shall be governed by the laws of the State of Delaware.
      The terms of this Agreement cannot be waived, changed or terminated, except
      by a
      written document signed by Lender. This Agreement shall be binding upon the
      undersigned and their successors and assigns and shall inure to the benefit
      of
      and shall be enforceable by Lender, and any participants, successors or assigns
      of Lender. In addition, any person or entity whose loans (a "Replacement
      Facility")
      are
      used to refinance and pay in full the Loan shall be deemed for all purposes
      hereof to be the successor to Lender, and from and after the date of any such
      refinancing and satisfaction in full of the Loan, such persons or entities
      shall
      be deemed a party hereto in the place and stead of Lender, as if such persons
      or
      entities had been original signatories hereto, and all loans, advances,
      liabilities, debit balances, covenants and duties at any time or times owed
      by
      Borrowers to such successor shall be deemed for all purposes hereunder to
      constitute and be the "Loans".

    

    13. WAIVER
      OF JURY TRIAL.
      BORROWER, LOAN HOLDER AND LENDER HEREBY MUTUALLY, KNOWINGLY, WILLINGLY,
      INTENTIONALLY AND VOLUNTARILY WAIVE THEIR RIGHT TO TRIAL BY JURY AND NO PARTY
      NOR ANY ASSIGNEE, SUCCESSOR, HEIR, OR LEGAL REPRESENTATIVE OF THE PARTIES (ALL
      OF WHOM ARE HEREINAFTER COLLECTIVELY REFERRED TO AS THE "PARTIES") SHALL SEEK
      A
      JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM OR ANY OTHER LITIGATION
      PROCEEDING BASED UPON OR ARISING OUT OF THIS AGREEMENT OR THE LOAN DOCUMENTS
      OR
      ANY INSTRUMENT EVIDENCING, SECURING OR RELATING TO THIS AGREEMENT OR THE LOAN
      DOCUMENTS, THE INDEBTEDNESS OR OTHER OBLIGATIONS REFERRED TO HEREIN OR ANY
      RELATED AGREEMENT OR INSTRUMENT, ANY OTHER COLLATERAL FOR THE INDEBTEDNESS
      REFERRED TO HEREIN OR ANY COURSE OF ACTION, COURSE OF DEALING, STATEMENTS
      (WHETHER VERBAL OR WRITTEN) OR ACTIONS RELATING TO THE LOAN OR TO THIS
      AGREEMENT. THE PARTIES ALSO WAIVE ANY RIGHT TO CONSOLIDATE ANY ACTION IN WHICH
      A
      JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL HAS
      NOT
      BEEN WAIVED. THE PROVISIONS OF THIS PARAGRAPH HAVE BEEN FULLY NEGOTIATED BY
      THE
      PARTIES. THE WAIVER CONTAINED HEREIN IS IRREVOCABLE, CONSTITUTES A KNOWING
      AND
      VOLUNTARY WAIVER, AND SHALL BE SUBJECT TO NO EXCEPTIONS. LENDER HAS IN NO WAY
      AGREED WITH OR REPRESENTED TO LOAN HOLDER OR ANY OTHER PARTY THAT THE PROVISIONS
      OF THIS PARAGRAPH WILL NOT BE FULLY ENFORCED IN ALL INSTANCES.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the undersigned have executed this Subordination Agreement
      as
      of the date first written above.

     

    

    

    
      	
              LOAN
                HOLDER:

            	
              [Name
                of Investor]

            
	 	 
	 	 
	 	 
	 	
              By:
                __________________________________

            
	 	
              Name:
                _______________________________

            
	 	
              Title:
                ________________________________

            
	 	 
	 	 
	 	 
	 	 
	
              LENDER:

            	
              WACHOVIA
                BANK, NATIONAL ASSOCIATION

            
	 	 
	 	 
	 	 
	 	
              By:
                __________________________________

            
	 	
              Name:
                _______________________________

            
	 	
              Title:
                ________________________________

            
	 	 
	 	 
	 	 
	
              BORROWER:

            	
              SMF
                ENERGY CORPORATION

            
	 	 
	 	 
	 	 
	
            	
              By:
                _____________________________________

            
	 	
              Richard
                E. Gathright

            
	 	
              President
                and Chief Executive Officer

            
	 	 
	 	 
	 	 
	 	 
	 	
              H
                & W PETROLEUM COMPANY, INC.

            
	 	 
	 	 
	 	 
	
            	
              By:
                _____________________________________

            
	
            	
              Richard
                E. Gathright

            
	
               

            	
              President
                and Chief Executive
                Officer

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      	 	 	 
	 	SMF SERVICES,
              INC.
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
Richard
              E. Gathright
	 	President and Chief Executive
              OfficerCONSENT
      AND 

    TWELFTH
      AMENDMENT TO LOAN AND SECURITY AGREEMENT

    

    THIS CONSENT
      AND TWELFTH
      AMENDMENT TO LOAN AND SECURITY AGREEMENT (this
      "Amendment") is made and entered into as of November 21, 2007, by and among
      SMF
      Energy Corporation,
      a
      Delaware corporation and successor-by-merger to Streicher Mobile Fueling, Inc.,
      a Florida corporation ("SMF"); SMF
      Services, Inc.,
      a
      Delaware corporation ("SSI"); H
      & W Petroleum Company, Inc.,
      a Texas
      corporation ("H & W" and, collectively with SMF and SSI, "Borrower"); and
Wachovia
      Bank, National Association,
      a
      national banking association and successor-by-merger to Congress Financial
      Corporation (Florida) ("Lender").

    

    R
      E C
      I T A L S

    

    A. Borrower
      and Lender are parties to that certain Loan and Security Agreement dated
      September 26, 2002 (as at any time amended, restated, supplemented or otherwise
      modified, the "Loan Agreement"). The Obligations under (and as defined in)
      the
      Loan Agreement are guaranteed by Streicher
      Realty, Inc.,
      a
      Florida corporation ("Guarantor").

    

    B. The
      parties hereto desire to amend the Loan Agreement upon the terms and subject
      to
      the conditions hereinafter set forth.

    

    NOW,
      THEREFORE, for and in consideration of Ten Dollars ($10.00) in hand paid and
      other good and valuable consideration, the receipt and sufficiency of which
      are
      hereby acknowledged, the parties hereto, intending to be legally bound, hereby
      agree as follows:

    

    1. Each
      capitalized term used in this Amendment, unless otherwise defined herein, shall
      have the meaning ascribed to such term in the Loan Agreement. 

    

    2. Borrower
      has requested that Lender consent to SMF's incurrence of unsecured Subordinated
      Debt pursuant to one or more Promissory Notes dated November 19, 2007 executed
      by SMF in favor of certain investors in the aggregate principal amount of
      approximately $2,000,000. Lender hereby consents to SMF's incurrence of such
      Subordinated Debt provided that: (a) the proceeds of such Subordinated Debt
      (in
      an amount not less than $1,800,000 and not more than $2,000,000) shall be fully
      funded and received by SMF on or before the close of business on the date hereof
      and shall be used by Borrower exclusively for working capital purposes, (b)
      Lender shall have received and approved, prior to the date that such
      Subordinated Debt is incurred, copies of the proposed documents intended to
      evidence such Subordinated Debt, with true, correct and complete copies of
      such
      executed documents to be furnished to Lender promptly after execution, (c)
      such
      Subordinated Debt shall be subject and subordinate to the payment of the
      Obligations pursuant to Subordination Agreements in form and substance similar
      to the Subordination Agreements attached hereto as Exhibit
      A
      with
      only such changes as may be disclosed to and accepted by Lender in writing
      in
      its discretion, and (d) such Subordinated Debt shall otherwise be subject to
      the
      terms of Section
      9.9(e)
      of the
      Loan Agreement.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    3. Subject
      to the satisfaction of each of the conditions precedent set forth in this
      Amendment, the Loan Agreement is hereby amended as follows:

    

    (a) By
      deleting in its entirety the definition of "Capital Expenditures" contained
      in
Section
      1.70
      of the
      Loan Agreement and by substituting in lieu thereof the following:

    

    1.70 "Capital
      Expenditures" shall mean expenditures made or liabilities incurred for the
      acquisition of any fixed assets or improvements, replacements, substitutions
      or
      additions thereto which have a useful life of more than one year, including
      the
      total principal portion of Indebtedness under Capital Leases, but excluding
      any
      such expenditures made with restricted cash constituting proceeds of Excluded
      Assets (including restricted cash deposited in the account described in
      subclause (i) of the definition of "Excluded Assets").

    

    (b) By
      deleting the reference to "$300,000" contained in Section
      2.2(e)
      of the
      Loan Agreement and by substituting in lieu thereof "$1,000,000".

    

    (c) By
      deleting Section
      9.21
      of the
      Loan Agreement in its entirety and by substituting in lieu thereof the
      following:

    

    9.21 Fixed
      Charge Coverage Ratio.
      Borrower shall not, as of any month end in which the Average Excess Availability
      is less than the amount set forth below and corresponding to such month, or
      as
      of the end of any month during which an Event of Default occurs or exists,
      on a
      cumulative basis for the applicable fiscal year, permit the ratio of (a) EBITDA
      to (b) Fixed Charges to be less than 1.0 to 1.0.

    

    
      	
              Month

            	
              Average
                Excess Availability

            
	
              February
                2007

            	
              $1,500,000

            
	
              March
                2007

            	
              $1,500,000

            
	
              April
                2007

            	
              $1,500,000

            
	
              May
                2007

            	
              $1,500,000

            
	
              June
                2007

            	
              $2,500,000

            
	
              July
                2007

            	
              $2,500,000

            
	
              August
                2007

            	
              $2,500,000

            
	
              September
                2007

            	
              $2,500,000

            
	
              October
                2007 

            	
              $1,800,000

            
	
              November
                2007

            	
              $800,000

            
	
              December
                2007

            	
              $800,000

            
	
              January
                2008

            	
              $800,000

            
	
              February
                2008 and

              each
                month thereafter

            	
              $1,800,000

            

    

    

    
      
        
        

      

      
        -
          2 -

        
          

        

      

      
        
        

      

       

    

    (d) By
      deleting Section
      9.22
      of the
      Loan Agreement in its entirety and by substituting in lieu thereof the
      following:

    

    9.22 Excess
      Availability.
      Borrower shall maintain Excess Availability as determined by Lender in an amount
      not less than: (a) at all times on or before November 22, 2007, $750,000, (b)
      at
      all times during the period beginning on November 23, 2007 and ending on
      December 30, 2007, $500,000, and (c) at all times on and after December 31,
      2007, $750,000.

    

    4. Borrower
      hereby ratifies and reaffirms the Obligations, each of the Financing Agreements
      and all of Borrower's covenants, duties, indebtedness and liabilities under
      the
      Financing Agreements.

    

    5. Borrower
      acknowledges and stipulates, to induce Lender to enter into this Amendment,
      that
      the Loan Agreement and the other Financing Agreements executed by Borrower
      are
      legal, valid and binding obligations of Borrower that are enforceable against
      Borrower in accordance with the terms thereof; all of the Obligations are owing
      and payable without defense, offset or counterclaim (and to the extent there
      exists any such defense, offset or counterclaim on the date hereof, the same
      is
      hereby waived by Borrower); and the security interests and liens granted by
      Borrower in favor of Lender are duly perfected, first priority security
      interests and liens.

    

    6. Borrower
      represents and warrants to Lender, to induce Lender to enter into this
      Amendment, that no Default or Event of Default exists on the date hereof; the
      execution, delivery and performance of this Amendment have been duly authorized
      by all requisite corporate action on the part of Borrower and this Amendment
      has
      been duly executed and delivered by Borrower; and except as may have been
      disclosed in writing by Borrower to Lender prior to the date hereof, all
      of
      the representations and warranties made by Borrower in the Loan Agreement are
      true and correct on and as of the date hereof.

    

    7. In
      consideration of Lender's willingness to enter into this Amendment, Borrower
      hereby agrees to pay to Lender a nonrefundable amendment fee (the "Amendment
      Fee") in the amount of five thousand dollars ($5,000) in immediately available
      funds on the date hereof, which shall be fully earned on the date hereof.
      Additionally, to induce Lender to enter into this Amendment and grant the
      accommodations set forth herein, Borrower agrees to pay, on
      demand,
      all
      costs and expenses incurred by Lender in connection with the preparation,
      negotiation and execution of this Amendment and any other Financing Documents
      executed pursuant hereto and any and all amendments, modifications, and
      supplements thereto, including, without limitation, the costs and fees of
      Lender's legal counsel and any taxes or expenses associated with or incurred
      in
      connection with any instrument or agreement referred to herein or contemplated
      hereby.

    

    
      
        
        

      

      
        -
          3 -

        
          

        

      

      
        
        

      

       

    

    8. The
      effectiveness of the amendments to the Loan Agreement set forth in this
      Amendment is subject to the satisfaction of each of the following conditions
      precedent, in each case in form and substance satisfactory to
      Lender:

    

    (a) Lender
      shall have received duly executed and delivered counterparts of this Amendment
      from Borrower and Guarantor;

    

    (b) Lender
      shall have received full payment of the Amendment Fee and the other amounts
      described in the preceding paragraph; 

    

    (c) Borrower
      shall have received all of the proceeds of the Subordinated Debt contemplated
      by
      Section 2 hereof, and Lender shall have received a fully-executed original
      counterpart of each Subordination Agreement contemplated by Section 2 of this
      Amendment with respect to such Subordinated Debt; and 

    

    (d) no
      Default or Event of Default shall exist or occur on the date hereof.

    

    9. Upon
      the
      effectiveness of the amendments set forth in this Amendment, each reference
      in
      the Loan Agreement to "this Agreement," "hereunder," or words of like import
      shall mean and be a reference to the Loan Agreement, as amended by this
      Amendment.

    

    10. This
      Amendment shall be binding upon and inure to the benefit of the parties hereto
      and their respective successors and assigns.

    

    11. This
      Amendment shall be governed by and construed in accordance with the internal
      laws of the State of Florida, without giving effect to its conflict of laws
      principles.

    

    12. Except
      as
      otherwise expressly provided in this Amendment, nothing herein shall be deemed
      to amend or modify any provision of the Loan Agreement or any of the other
      Financing Agreements, each of which shall remain in full force and effect.
      This
      Amendment is not intended to be, nor shall it be construed to create, a novation
      or accord and satisfaction, and the Loan Agreement as herein modified shall
      continue in full force and effect.

    

    13. This
      Amendment may be executed in any number of counterparts and by different parties
      to this Amendment on separate counterparts, each of which, when so executed,
      shall be deemed an original, but all such counterparts shall constitute one
      and
      the same agreement. Any manually-executed signature page delivered by a party
      by
      facsimile or other electronic transmission shall be deemed to be an original
      signature page hereto.

    

    

    [Remainder
      of page intentionally left blank; 

    signatures
      commence on following page.]

     

    
      
        
        

      

      
        -
          4 -

        
          

        

      

      
        
        

      

    

    To
      the fullest extent permitted by applicable law, the parties hereto each hereby
      waives the right to trial by jury in any action, suit, counterclaim or
      proceeding arising out of or related to this Amendment.

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
      day
      and year first above written.

    

    

    
      	 	
              "LENDER":

               

              WACHOVIA
                BANK, NATIONAL ASSOCIATION

               

              By: /s/
                Pat
                Cloninger                                                     
                

              Name:
                Pat Cloninger

              Title:
                Director

            
	 	 
	 	 
	 	
              "BORROWER":

               

              SMF
                ENERGY CORPORATION

               

              By:
                /s/ Michael S.
                Shore                                                
                

              Name:
                Michael S. Shore

              Title:
                Senior Vice President & Chief Financial Officer

               

               

              SMF
                SERVICES, INC.

               

              By: /s/
                Michael S.
                Shore                                                
                

              Name:
                Michael S. Shore

              Title:
                Senior Vice President& Chief Financial Officer

               

               

              H
                & W PETROLEUM COMPANY, INC.

               

              By: /s/
                Michael S.
                Shore                                                
                

              Name:
                Michael S. Shore

              Title:
                Senior Vice President & Chief Financial
                Officer

            

    

     

    
      Twelfth
        Amendment to Loan Agreement

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    JOINDER

    

    The
      undersigned: (1) acknowledges and confirms that Lender’s loans, advances and
      credit to Borrower have been, are and will continue to be of direct economic
      benefit to the undersigned, (2) acknowledges that it has previously waived
      any
      right to consent to the foregoing Amendment or any future amendment to the
      Loan
      Agreement but, nevertheless, consents to all terms and provisions of the
      foregoing Amendment that are applicable to it, and agrees to be bound by and
      comply with such terms and provisions, and (3) acknowledges and confirms that
      its guaranty in favor of Lender executed in connection with the Loan Agreement
      is valid and binding and remains in full force and effect in accordance with
      its
      terms (without defense, setoff or counterclaim against enforcement thereof),
      which include, without limitation, its guaranty in connection with the Loan
      Agreement, as modified by the foregoing Amendment.

     

     

    
      	 	
              "GUARANTOR":

              

              STREICHER
                REALTY, INC.,

              a
                Florida corporation

              

              By: /s/
                Michael S.
                Shore                                                

              Name:
                Michael S. Shore

              Title:
                Senior Vice President&
                Chief Financial Officer

            

    

    
 

    
      Twelfth
        Amendment to Loan Agreement

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    Form
      of Subordination Agreement

    

    (See
      attached.)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}]]