Document:

Exhibit 4.6

 

LOAN
AUTHORIZATION AND AGREEMENT (LA&A)

 

A PROPERLY SIGNED
DOCUMENT IS

REQUIRED PRIOR TO ANY

DISBURSEMENT

 

 

 

	CAREFULLY READ THE LA&A:

This document describes the terms and conditions of your loan. It is your responsibility to comply
with ALL the terms and conditions of your loan.

                                                      

 

 

	SIGNING THE LA&A:

                                                     All borrowers must sign the LA&A.

                                                      ·     Sign your name exactly as it appears on the LA&A.
If typed incorrectly, you should sign with the correct spelling.

                                                     ·     If your middle initial appears on the signature line, sign with
your middle initial.

                                                     ·     If a suffix appears on the signature line, such as Sr. or Jr.,
sign with your suffix.

                                                     ·     Corporate Signatories: Authorized representatives should sign the signature
page.

                                                      

                                                     Your signature represents your agreement
to comply

with the terms and conditions of the
loan.

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	1	 

     

    

 

U.S. Small Business
Administration

 

Economic Injury Disaster Loan

 

 

LOAN AUTHORIZATION AND AGREEMENT

 

Date: 05.22.2020 (Effective Date)

 

On the above date, this Administration (SBA) authorized
(under Section 7(b) of the Small Business Act, as amended) a Loan (SBA Loan #1806077803) to Vivakor, Inc. (Borrower) of 2 PARK
PLZ STE 800 IRVINE California 92614 in the amount of one hundred and fifty thousand and 00/100 Dollars ($150,000.00), upon the
following conditions:

 

PAYMENT

 

		·	Installment payments, including principal and interest, of $731.00 Monthly, will begin
Twelve (12) months from the date of the promissory Note. The balance of principal and interest will be payable Thirty
(30) years from the date of the promissory Note.

 

INTEREST

 

		·	Interest will accrue at the rate of 3.75% per annum and will accrue only on funds actually
advanced from the date(s) of each advance.

 

PAYMENT TERMS

 

		·	Each payment will be applied first to interest accrued to the date of receipt of each payment,
and the balance, if any, will be applied to principal.

 

		·	Each payment will be made when due even if at that time the full amount of the Loan has not yet
been advanced or the authorized amount of the Loan has been reduced.

 

COLLATERAL

 

		·	For loan amounts of greater than $25,000, Borrower hereby grants to SBA, the secured party hereunder,
a continuing security interest in and to any and all “Collateral” as described herein to secure payment and performance
of all debts, liabilities and obligations of Borrower to SBA hereunder without limitation, including but not limited to all interest,
other fees and expenses (all hereinafter called “Obligations”). The Collateral includes the following property that
Borrower now owns or shall acquire or create immediately upon the acquisition or creation thereof: all tangible and intangible
personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d)
chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts,
including health-care insurance receivables and credit
card receivables, (h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and
software and (k) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code. The security
interest Borrower grants includes all accessions, attachments, accessories, parts, supplies and replacements for the Collateral,
all products, proceeds and collections thereof and all records and data relating thereto.

 

		·	For loan amounts of $25,000 or less, SBA is not taking a security interest in any collateral.

 

 

 

    	 	2	 

     

    

 

REQUIREMENTS RELATIVE TO COLLATERAL

 

		·	Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary
course of business) described in the "Collateral" paragraph hereof without the prior written consent of SBA.

 

		·	Borrower will neither seek nor accept future advances under any superior liens on the collateral
securing this Loan without the prior written consent of SBA.

 

USE OF LOAN PROCEEDS

 

		·	Borrower will use all the proceeds of this Loan solely as working capital to alleviate economic
injury caused by disaster occurring in the month of January 31, 2020 and continuing thereafter and to pay Uniform Commercial Code
(UCC) lien filing fees and a third-party UCC handling charge of $100 which will be deducted from the

Loan amount stated above.

 

REQUIREMENTS FOR USE OF LOAN PROCEEDS AND RECEIPTS

 

		·	Borrower will obtain and itemize receipts (paid receipts, paid invoices or cancelled checks)
and contracts for all Loan funds spent and retain these receipts for 3 years from the date of the final disbursement. Prior to
each subsequent disbursement (if any) and whenever requested by SBA, Borrower will submit to SBA such itemization together with
copies of the receipts.

 

		·	Borrower will not use, directly or indirectly, any portion of the proceeds of this Loan to relocate
without the prior written permission of SBA. The law prohibits the use of any portion of the proceeds of this Loan for voluntary
relocation from the business area in which the disaster occurred. To request SBA's prior written permission to relocate, Borrower
will present to SBA the reasons therefore and a description or address of the relocation site. Determinations of (1) whether a
relocation is voluntary or otherwise, and (2) whether any site other than the disaster-affected location is within the business
area in which the disaster occurred, will be made solely by SBA.

 

		·	Borrower will, to the extent feasible, purchase only American-made equipment and products with
the proceeds of this Loan.

 

		·	Borrower will make any request for a loan increase for additional disaster-related damages as
soon as possible after the need for a loan increase is discovered. The SBA will not consider a request for a loan increase received
more than two (2) years from the date of loan approval unless, in the sole discretion of the SBA, there are extraordinary
and unforeseeable circumstances beyond the control of the borrower.

 

DEADLINE FOR RETURN OF LOAN CLOSING DOCUMENTS

 

		·	Borrower will sign and return the loan closing documents to SBA within 2 months of the date
of this Loan Authorization and Agreement. By notifying the Borrower in writing, SBA may cancel this Loan if the Borrower fails
to meet this requirement. The Borrower may submit and the SBA may, in its sole discretion, accept documents after 2 months of the
date of this Loan Authorization and Agreement.

 

 

 

    	 	3	 

     

    

 

COMPENSATION FROM OTHER SOURCES

 

		·	Eligibility for this disaster Loan is limited to disaster losses that are not compensated by other sources. Other sources
                                                                                                              include but are not limited to: (1) proceeds of policies of insurance or other indemnifications, (2) grants or other reimbursement (including loans)
from government agencies or private organizations, (3) claims for civil liability against other individuals,
organizations or governmental entities, and (4) salvage (including any sale or re-use) of items of damaged property.

 

		·	Borrower will promptly notify SBA of the existence and status of any claim or application for
such other compensation, and of the receipt of any such compensation, and Borrower will promptly submit the proceeds of same (not
exceeding the outstanding balance of this Loan) to SBA.

 

		·	Borrower hereby assigns to SBA the proceeds of any such compensation from other sources and
authorizes the payor of same to deliver said proceeds to SBA at such time and place as SBA shall designate.

 

		·	SBA will in its sole discretion determine whether any such compensation from other sources is
a duplication of benefits. SBA will use the proceeds of any such duplication to reduce the outstanding balance of this Loan, and
Borrower agrees that such proceeds will not be applied in lieu of scheduled payments.

 

DUTY TO MAINTAIN HAZARD INSURANCE

 

		·	Within 12 months from the date of this Loan Authorization and
Agreement the Borrower will provide proof of an active and in effect hazard insurance policy including fire, lightning, and extended
coverage on all items used to secure this loan to at least 80% of the insurable value. Borrower will not cancel such coverage and
will maintain such coverage throughout the entire term of this Loan. BORROWER MAY NOT BE ELIGIBLE FOR EITHER ANY FUTURE DISASTER
ASSISTANCE OR SBA FINANCIAL ASSISTANCE IF THIS INSURANCE IS NOT MAINTAINED AS STIPULATED HEREIN THROUGHOUT THE ENTIRE TERM OF THIS
LOAN. Please submit proof of insurance to: U.S. Small Business Administration, Office of Disaster Assistance, 14925 Kingsport
Rd, Fort Worth, TX. 76155.

 

BOOKS AND RECORDS

 

		·	Borrower will maintain current and proper books of account in a manner satisfactory to SBA for
the most recent 5 years until 3 years after the date of maturity, including extensions, or the date this Loan is paid in full,
whichever occurs first. Such books will include Borrower's financial and operating statements, insurance policies, tax returns
and related filings, records of earnings distributed and dividends paid and records of compensation to officers, directors, holders
of 10% or more of Borrower's capital stock, members, partners and proprietors.

 

		·	Borrower authorizes SBA to make or cause to be made, at Borrower's expense and in such a manner
and at such times as SBA may require: (1) inspections and audits of any books, records and paper in the custody or control of Borrower
or others relating to Borrower's financial or business conditions, including the making of copies thereof and extracts therefrom,
and (2) inspections and appraisals of any of Borrower's assets.

 

		·	Borrower will furnish to SBA, not later than 3 months following the expiration of Borrower's
fiscal year and in such form as SBA may require, Borrower's financial statements.

 

		·	Upon written request of SBA, Borrower will accompany such statements with an 'Accountant's Review
Report' prepared by an independent public accountant at Borrower's expense.

 

		·	Borrower authorizes all Federal, State and municipal authorities to furnish reports of examination,
records and other information relating to the conditions and affairs of Borrower and any desired information from such reports,
returns, files, and records of such authorities upon request of SBA.

 

 

 

    	 	4	 

     

    

 

LIMITS ON DISTRIBUTION OF ASSETS

 

		·	Borrower will not, without the prior written consent of SBA, make any distribution of Borrower’s
assets, or give any preferential treatment, make any advance, directly or indirectly, by way of loan, gift, bonus, or otherwise,
to any owner or partner or any of its employees, or to any company directly or indirectly controlling or affiliated with or controlled
by Borrower, or any other company.

 

EQUAL OPPORTUNITY REQUIREMENT

 

		·	If Borrower has or intends to have employees, Borrower will post SBA Form 722, Equal Opportunity
Poster (copy attached), in Borrower's place of business where it will be clearly visible to employees, applicants for employment,
and the general public.

 

DISCLOSURE OF LOBBYING ACTIVITIES

 

	 	·	Borrower agrees to the attached Certification Regarding Lobbying Activities

 

BORROWER’S CERTIFICATIONS

 

Borrower certifies that:

 

		·	There has been no substantial adverse change in Borrower's financial condition (and organization,
in case of a business borrower) since the date of the application for this Loan. (Adverse changes include, but are not limited
to: judgment liens, tax liens, mechanic's liens, bankruptcy, financial reverses, arrest or conviction of felony, etc.)

 

		·	No fees have been paid, directly or indirectly, to any representative (attorney, accountant,
etc.) for services provided or to be provided in connection with applying for or closing this Loan, other than those reported on
SBA Form 5 Business Disaster Loan Application'; SBA Form 3501 COVID-19 Economic Injury Disaster Loan Application; or SBA Form 159,
'Compensation Agreement'. All fees not approved by SBA are prohibited.

 

		·	All representations in the Borrower's Loan application (including
all supplementary submissions) are true, correct and complete and are offered to induce SBA to make this Loan.

 

		·	No claim or application for any other compensation for disaster losses has been submitted to
or requested of any source, and no such other compensation has been received, other than that which Borrower has fully disclosed
to SBA.

 

		·	Neither the Borrower nor, if the Borrower is a business, any principal who owns at least 50%
of the Borrower, is delinquent more than 60 days under the terms of any: (a) administrative order; (b) court order; or (c) repayment
agreement that requires payment of child support.

 

		·	Borrower certifies that no fees have been paid, directly or indirectly, to any representative
(attorney, accountant, etc.) for services provided or to be provided in connection with applying for or closing this Loan, other
than those reported on the Loan Application. All fees not approved by SBA are prohibited. If an Applicant chooses to employ an Agent, the
compensation an Agent charges to and that is paid by the Applicant must bear a necessary and reasonable relationship to the services
actually performed and must be comparable to those charged by other Agents in the geographical area. Compensation cannot be contingent
on loan approval. In addition, compensation must not include any expenses which are deemed by SBA to be unreasonable for services
actually performed or expenses actually incurred. Compensation must not include charges prohibited
in 13 CFR 103 or SOP 50-30, Appendix 1. If the compensation exceeds $500 for a disaster home loan or $2,500 for a disaster
business loan, Borrower must fill out the Compensation Agreement Form 159D which will be provided for Borrower upon request or
can be found on the SBA website.

 

		·	Borrower certifies,
to the best of its, his or her knowledge and belief, that the certifications and representations in the attached Certification
Regarding Lobbying are true, correct and complete and are offered to induce SBA to make this Loan.

 

 

 

    	 	5	 

     

    

 

CIVIL AND CRIMINAL PENALTIES

 

		·	Whoever wrongfully misapplies the proceeds of an SBA disaster loan shall be civilly liable to
the Administrator in an amount equal to one-and-one half times the original principal amount of the loan under 15 U.S.C. 636(b).
In addition, any false statement or misrepresentation to SBA may result in criminal, civil or administrative sanctions including,
but not limited to: 1) fines, imprisonment or both, under 15 U.S.C. 645, 18 U.S.C. 1001, 18 U.S.C. 1014, 18 U.S.C. 1040, 18 U.S.C. 3571,
and any other applicable laws; 2) treble damages and civil penalties under the False Claims Act, 31 U.S.C. 3729; 3) double damages
and civil penalties under the Program Fraud Civil Remedies Act, 31 U.S.C. 3802; and 4) suspension and/or debarment from all Federal
procurement and non-procurement transactions. Statutory fines may increase if amended by the Federal Civil Penalties Inflation
Adjustment Act Improvements Act of 2015.

 

RESULT OF VIOLATION OF THIS LOAN AUTHORIZATION
AND AGREEMENT

 

		·	If Borrower violates any of the terms or conditions of this Loan Authorization
and Agreement, the Loan will be in default and SBA may declare all or any part of the indebtedness immediately due and payable.
SBA's failure to exercise its rights under this paragraph will not constitute a waiver.

 

		·	A default (or any violation of any of the terms and conditions) of any SBA Loan(s) to Borrower
and/or its affiliates will be considered a default of all such Loan(s).

 

DISBURSEMENT OF THE LOAN

 

		·	Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this
Loan Authorization and Agreement and the general requirements of SBA.

 

		·	Disbursements may be made in increments as needed.

 

		·	Other conditions may be imposed by SBA pursuant to general requirements of SBA.

 

		·	Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change
in Borrower's financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet
any of the terms or conditions of this Loan Authorization and Agreement.

 

		·	NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND
AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD.

 

PARTIES AFFECTED

 

		·	This Loan Authorization and Agreement will be binding upon Borrower and Borrower's successors
and assigns and will inure to the benefit of SBA and its successors and assigns.

 

 

 

    	 	6	 

     

    

 

RESOLUTION OF BOARD OF DIRECTORS

 

		·	Borrower shall, within 180 days of receiving any disbursement of this Loan, submit the appropriate
SBA Certificate and/or Resolution to the U.S. Small Business Administration, Office of Disaster Assistance, 14925 Kingsport Rd,
Fort Worth, TX. 76155.

 

ENFORCEABILITY

 

		·	This Loan Authorization and Agreement is legally binding, enforceable and approved upon Borrower’s
signature, the SBA’s approval and the Loan Proceeds being issued to Borrower by a government issued check or by electronic
debit of the Loan Proceeds to Borrower’ banking account provided by Borrower in application for this Loan.

 

 _______________________________

 

______________________________________

James E. Rivera

Associate Administrator

U.S. Small Business Administration

 

The undersigned agree(s) to be bound by the
terms and conditions herein during the term of this Loan, and further agree(s) that no provision stated herein will be waived without
prior written consent of SBA. Under penalty of perjury of the United States of America, I hereby certify that I am authorized
to apply for and obtain a disaster loan on behalf of Borrower, in connection with the effects of the COVID-19 emergency.

 

 

Vivakor, Inc.

 

 _________________________________________                                    Date:
     05.22.2020                 

 

Matthew Nicosia, Owner/Officer

 

Note: Corporate Borrowers must execute
Loan Authorization and Agreement in corporate name, by a duly authorized officer. Partnership Borrowers must execute in firm name,
together with signature of a general partner. Limited Liability entities must execute in the entity name by the signature of the
authorized managing person.

 

 

 

    	 	7	 

     

    

 

 

CERTIFICATION REGARDING LOBBYING

 

 

 

For loans over $150,000, Congress requires
recipients to agree to the following:

 

		1.	Appropriated funds may NOT be used for lobbying.

 

		2.	Payment of non-federal funds for lobbying must be reported on Form SF-LLL.

 

		3.	Language of this certification must be incorporated into all contracts and subcontracts exceeding
$100,000.

 

		4.	All contractors and subcontractors with contracts exceeding $100,000 are required to certify and disclose accordingly.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	8	 

     

    

 

CERTIFICATION REGARDING
LOBBYING

 

 

Certification for
Contracts, Grants, Loans, and Cooperative Agreements

 

Borrower and all Guarantors (if any) certify, to
the best of its, his or her knowledge and belief, that:

 

(1)       
No Federal appropriated funds have been paid or will be paid, by or on behalf of the undersigned, to any person for influencing
or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an
employee of a Member of Congress in connection with awarding of any Federal contract, the making of any Federal grant, the making
of any Federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, or modification
of any Federal contract, grant, loan, or cooperative agreement.

 

(2)       
If any funds other than Federal appropriated funds have been paid or will be paid to any person for influencing or attempting
to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of
a Member of Congress in connection with this Federal loan, the undersigned shall complete and submit Standard Form LLL, "Disclosure
Form to Report Lobbying," in accordance with its instructions.

 

(3)      
The undersigned shall require that the language of this certification be included in the award documents for all sub-awards
at all tiers (including subcontracts, sub-grants, and contracts under grants, loans, and co-operative agreements) and that all
sub-recipients shall certify and disclose accordingly.

 

This certification is a material representation
of fact upon which reliance was placed when this transaction was made or entered into. Submission of this certification is a prerequisite
for making or entering into this transaction imposed by Section 1352, Title 31, U.S. Code. Any person who fails to file the required
certification shall be subject to a civil penalty of not less than $10,000.00 and not more than $100,000.00 for each such failure.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	9	 

     

    

 

 

 

	 	This Statement of Policy is Posted

                                                

                                               In Accordance with Regulations of the

                                                

                                               Small
                                         Business Administration

                                                

                                               This Organization Practices

                                                

                                               Equal
                                         Employment Opportunity

                                                
	 

 

We do not discriminate on the ground of
race, color, religion, sex, age, disability or national origin in the hiring, retention, or promotion of employees; nor in determining
their rank, or the compensation or fringe benefits paid them.

 

	 	This Organization Practices	 
	 	 	 
	 	Equal Treatment of Clients	 

 

We do not discriminate on the basis of race,
color, religion, sex, marital status, disability, age or national origin in services or accommodations offered or provided to our
employees, clients or guests.

 

	 	These
                                         policies and this notice comply with regulations of the

United
States Government.

 

Please report violations
of this policy to:

	 

 

Administrator

Small Business Administration

Washington,
D.C. 20416

 

In
order for the public and your employees to know their rights under 13 C.F.R Parts 112, 113, and 117, Small Business Administration
Regulations, and to conform with the directions of the Administrator of SBA, this poster must be displayed where it is clearly
visible to employees, applicants for employment, and the public.

 

Failure to display the
poster as required in accordance with SBA Regulations may be considered evidence of

noncompliance and subject
you to the penalties contained in those Regulations.

 

 

 

    	 	10	 

     

    

 

	 	Esta Declaración De Principios Se Publica

                                                

                                               De Acuerdo Con Los Reglamentos De La

                                                

                                               Agencia Federal Para el Desarrollo de la Pequeña Empresa

                                                

                                               

Esta Organización Practica

 

Igualdad
Oportunidad De Empleo

                                               
	 

 

No discriminamos por razón de raza, color,
religión, sexo, edad, discapacidad o nacionalidad en el empleo, retención o ascenso de personal ni en la determinación
de sus posiciones, salarios o beneficios marginales.

 

	 	Esta Organización Practica	 
	 	 	 
	 	Igualidad En El Trato A Su
    Clientela	 

 

No discriminamos por razón de raza, color,
religión, sexo, estado civil, edad, discapacidad o nacionalidad en los servicios o facilidades provistos para nuestros
empleados, clientes o visitantes.

 

	 	Estos principios
y este aviso cumplen con los reglamentos del Gobierno de los Estados Unidos de América.

                                                     

 

Favor de informar
violaciones a lo aquí indicado a:

	 

 

Administrador

Agencia Federal Para el Desarrollo de
la

Pequeña Empresa

Washington, D.C. 20416

 

A fin de que el público
y sus empleados conozcan sus derechos según lo expresado en las Secciones 112, 113 y 117 del Código de Regulaciaones
Federales No. 13, de los Reglamentos de la Agencja Federal Para el Desarrollo de la Pequeña Empresa y de acuerdo con las
instrucciones del Administrador de dicha agencia, esta notificación debe fijarse en un lugar claramente visible para los
empleados, solicitantes de empleo y público en general. No fijar esta notificación según lo requerido por
los reglamentos de la Agencia Federal Para el Desarrollo de la Pequeña Empresa, puede ser interpretado como evidencia de
falta de cumplimiento de los mismos y conllevará la ejecución de los castigos impuestos en estos reglamentos.

 

 

 

 

    	 	11	 

     

    

 

NOTE

 

A
PROPERLY SIGNED NOTE IS

REQUIRED
PRIOR TO ANY

DISBURSEMENT

 

 

 

 

	CAREFULLY
READ THE NOTE: It is your promise to repay the loan.

                                                      

                                                      ·     The
                                                     Note is pre-dated. DO NOT CHANGE THE DATE OF THE NOTE.

                                                     ·
                                             LOAN PAYMENTS will be due as stated in the
                                         Note.

                                                     ·     ANY
                                         CORRECTIONS OR UNAUTHORIZED MARKS MAY VOID THIS DOCUMENT.

                                                     

 

 

 

 

	SIGNING
                                         THE NOTE: All borrowers must sign the Note.

                                                     

                                                      

                                                      ·     Sign your name exactly as it appears on the Note.
If typed incorrectly, you should sign with the correct spelling.

                                                     ·     If your middle initial appears on the signature line, sign with
your middle initial.

                                                     ·     If a suffix appears on the signature line, such as Sr. or Jr.,
sign with your suffix.

                                                     ·     Corporate Signatories: Authorized representatives should sign the signature
page.

                                                     

 

 

 

 

 

 

 

 

 

 

 

    	 	12	 

     

    

 

 

	
         

        
	
        U.S. Small Business Administration

         

        NOTE

         

        (SECURED
        DISASTER LOANS)

         
	Date: 05.22.2020
	
         

        Loan Amount: $150,000.00

	
         

        Annual Interest Rate: 3.75%

 

 

	SBA Loan # 1806077803	Application #3600183132

 

		1.	PROMISE TO PAY: In return for a loan, Borrower promises to pay to the order of SBA the
amount of one hundred and fifty thousand and 00/100 Dollars ($150,000.00), interest on the unpaid principal balance,
and all other amounts required by this Note.

 

		2.	DEFINITIONS: A) “Collateral” means any property taken as security for payment
of this Note or any guarantee of this Note. B) “Guarantor” means each person or entity that signs a guarantee
of payment of this Note. C) “Loan Documents” means the documents related to this loan signed by Borrower, any
Guarantor, or anyone who pledges collateral.

 

		3.	PAYMENT TERMS: Borrower must make all payments at the place SBA designates. Borrower
may prepay this Note in part or in full at any time, without notice or penalty. Borrower must pay principal and interest payments
of $731.00 every month
beginning Twelve (12) months from the date of the Note. SBA will apply each installment payment first to pay interest
accrued to the day SBA receives the payment and will then apply any remaining balance to reduce principal. All remaining principal
and accrued interest is due and payable Thirty (30) years from the date of the Note.

 

		4.	DEFAULT: Borrower is in default under this Note if Borrower does not make a payment when
due under this Note, or if Borrower: A) Fails to comply with any provision of this Note, the Loan Authorization and Agreement,
or other Loan Documents; B) Defaults on any other SBA loan; C) Sells or otherwise transfers, or does not preserve
or account to SBA’s satisfaction for, any of the Collateral or its proceeds; D) Does not disclose, or anyone acting
on their behalf does not disclose, any material fact to SBA; E) Makes, or anyone acting on their behalf makes, a materially
false or misleading representation to SBA; F) Defaults on any loan or agreement with another creditor, if SBA believes the
default may materially affect Borrower’s ability to pay this Note; G) Fails to pay any taxes when due; H) Becomes
the subject of a proceeding under any bankruptcy or insolvency law; I) Has a receiver or liquidator appointed for any part
of their business or property; J) Makes an assignment for the benefit of creditors; K) Has any adverse change in
financial condition or business operation that SBA believes may materially affect Borrower’s ability to pay this Note; L)
Dies; M) Reorganizes, merges, consolidates, or otherwise changes ownership or business structure without SBA’s
prior written consent; or, N) Becomes the subject of a civil or criminal action that SBA believes may materially affect
Borrower’s ability to pay this Note.

 

		5.	SBA’S RIGHTS IF THERE IS A DEFAULT: Without notice or demand and without giving
up any of its rights, SBA may: A) Require immediate payment of all amounts owing under this Note; B) Have recourse
to collect all amounts owing from any Borrower or Guarantor (if any); C) File suit and obtain judgment; D) Take possession
of any Collateral; or E) Sell, lease, or otherwise dispose of, any Collateral at public or private sale, with or without
advertisement.

 

		6.	SBA’S GENERAL POWERS: Without notice and without Borrower’s consent, SBA may:
A) Bid on or buy the Collateral at its sale or the sale of another lienholder, at any price it chooses; B) Collect
amounts due under this Note, enforce the terms of this Note or any other Loan Document, and preserve or dispose of the Collateral.
Among other things, the expenses may include payments for property taxes, prior liens, insurance, appraisals, environmental remediation
costs, and reasonable attorney’s fees and costs. If SBA incurs such expenses, it may demand immediate reimbursement from
Borrower or add the expenses to the principal balance; C) Release anyone obligated to pay this Note; D) Compromise,
release, renew, extend or substitute any of the Collateral; and E) Take any action necessary to protect the Collateral or
collect amounts owing on this Note.

 

 

 

    	 	13	 

     

    

 

		7.	FEDERAL LAW APPLIES: When SBA is the holder, this Note will be interpreted and enforced
under federal law, including SBA regulations. 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 Note, Borrower may not claim or assert against SBA any local or state law
to deny any obligation, defeat any claim of SBA, or preempt federal law.

 

		8.	GENERAL PROVISIONS: A) All individuals and entities signing this Note are jointly and
severally liable. B) Borrower waives all suretyship defenses. C) Borrower must sign all documents required at any
time to comply with the Loan Documents and to enable SBA to acquire, perfect, or maintain SBA’s liens on Collateral. D)
SBA may exercise any of its rights separately or together, as many times and in any order it chooses. SBA may delay or forgo
enforcing any of its rights without giving up any of them. E) Borrower may not use an oral statement of SBA to contradict
or alter the written terms of this Note. F) If any part of this Note is unenforceable, all other parts remain in effect.
G) To the extent allowed by law, Borrower waives all demands and notices in connection with this Note, including presentment,
demand, protest, and notice of dishonor. Borrower also waives any defenses based upon any claim that SBA did not obtain any guarantee;
did not obtain, perfect, or maintain a lien upon Collateral; impaired Collateral; or did not obtain the fair market value of Collateral
at a sale. H) SBA may sell or otherwise transfer this Note.

 

		9.	MISUSE OF LOAN FUNDS: Anyone who wrongfully misapplies any proceeds of the loan will
be civilly liable to SBA for one and one- half times the proceeds disbursed, in addition to other remedies allowed by law.

 

		10.	BORROWER’S NAME(S) AND SIGNATURE(S): By signing below, each individual or entity
acknowledges and accepts personal obligation and full liability under the Note as Borrower.

 

 

 

 

 

Vivakor, Inc.

 

 _________________________________________

Matthew Nicosia, Owner/Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	14	 

     

    

 

 

SECURITY AGREEMENT

 

 

 

 

Read this document carefully. It grants
the SBA a security interest (lien) in all the property described in paragraph 4.

 

 

This document is predated. DO NOT CHANGE THE
DATE ON THIS DOCUMENT.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	15	 

     

    

 

	 

                                               

                                                

                                               
	 

                                                

                                               U.S. Small Business Administration

SECURITY AGREEMENT

 

 

 

	 

                                                                                SBA Loan #:

                                                                                 
	

                                                                                 

                                                                                1806077803

	 

                                                                                Borrower:

                                                                                 
	

                                                                                 

                                                                                Vivakor, Inc.

	 

                                                                                Secured Party:

                                                                                 
	 

                                                                                The
Small Business Administration, an Agency of the U.S. Government

	 

                                                                                Date:

                                                                                 
	 

                                                                                05.22.2020

	
         

        Note Amount:

         

        
	
         

        $150,000.00

 

 

	 	1.	DEFINITIONS.

  

Unless otherwise specified, all terms used
in this Agreement will have the meanings ascribed to them under the Official Text of the Uniform Commercial Code, as it may be
amended from time to time, (“UCC”). “SBA” means the Small Business Administration, an Agency of the U.S.
Government.

 

		2.	GRANT OF SECURITY INTEREST.

 

For value received, the Borrower grants to
the Secured Party a security interest in the property described below in paragraph 4 (the “Collateral”).

 

	 	3.	OBLIGATIONS SECURED.

 

This Agreement secures the payment and performance
of: (a) all obligations under a Note dated 05.22.2020, made by Vivakor, Inc. , made payable to Secured Lender, in the amount of
$150,000.00 (“Note”), including all costs and expenses (including reasonable attorney’s
fees), incurred by Secured Party in the disbursement, administration and collection of the loan evidenced by the Note; (b) all
costs and expenses (including reasonable attorney’s fees), incurred by Secured Party in the protection, maintenance and enforcement
of the security interest hereby granted; (c) all obligations of the Borrower in any other agreement relating to the Note; and (d)
any modifications, renewals, refinancings, or extensions of the foregoing obligations.

 

 

 

    	 	16	 

     

    

 

		4.	COLLATERAL DESCRIPTION.

 

The Collateral in which this security interest
is granted includes the following property that Borrower now owns or shall acquire or create immediately upon the acquisition
or creation thereof: all tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment,
(c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper,
(e) documents, (f) letter of credit rights, (g) accounts, including health-care insurance receivables and credit card receivables,
(h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and software and (k)
as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code. The security interest Borrower
grants includes all accessions, attachments, accessories, parts, supplies and replacements for the Collateral, all products, proceeds
and collections thereof and all records and data relating thereto.

 

		5.	RESTRICTIONS ON COLLATERAL TRANSFER.

 

Borrower will not sell, lease, license or otherwise
transfer (including by granting security interests, liens, or other encumbrances in) all or any part of the Collateral or Borrower’s
interest in the Collateral without Secured Party’s written or electronically communicated approval, except that Borrower
may sell inventory in the ordinary course of business on customary terms. Borrower may collect and use amounts due on accounts
and other rights to payment arising or created in the ordinary course of business, until notified otherwise by Secured Party in
writing or by electronic communication.

 

		6.	MAINTENANCE AND LOCATION OF COLLATERAL; INSPECTION; INSURANCE.

 

Borrower must promptly notify Secured Party
by written or electronic communication of any change in location of the Collateral, specifying the new location. Borrower hereby
grants to Secured Party the right to inspect the Collateral at all reasonable times and upon reasonable notice. Borrower must:
(a) maintain the Collateral in good condition; (b) pay promptly all taxes, judgments, or charges of any kind levied or assessed
thereon; (c) keep current all rent or mortgage payments due, if any, on premises where the Collateral is located; and (d) maintain
hazard insurance on the Collateral, with an insurance company and in an amount approved by Secured Party (but in no event less
than the replacement cost of that Collateral), and including such terms as Secured Party may require including a Lender’s
Loss Payable Clause in favor of Secured Party. Borrower hereby assigns to Secured Party any proceeds of such policies and all unearned
premiums thereon and authorizes and empowers Secured Party to collect such sums and to execute and endorse in Borrower’s
name all proofs of loss, drafts, checks and any other documents necessary for Secured Party to obtain such payments.

 

		7.	CHANGES TO BORROWER’S LEGAL STRUCTURE, PLACE OF BUSINESS, JURISDICTION OF ORGANIZATION,
OR NAME.

 

Borrower must notify Secured Party by written
or electronic communication not less than 30 days before taking any of the following actions: (a) changing or reorganizing the
type of organization or form under which it does business; (b) moving, changing its place of business or adding a place of business;
(c) changing its jurisdiction of organization; or (d) changing its name. Borrower will pay for the preparation and filing of all
documents Secured Party deems necessary to maintain, perfect and continue the perfection of Secured Party’s security interest
in the event of any such change.

 

		8.	PERFECTION OF SECURITY INTEREST.

 

Borrower consents,
without further notice, to Secured Party’s filing or recording of any documents necessary to perfect, continue, amend or
terminate its security interest. Upon request of Secured Party, Borrower must sign or otherwise authenticate all documents that
Secured Party deems necessary at any time to allow Secured Party to acquire, perfect, continue or amend its security interest
in the Collateral. Borrower will pay the filing and recording costs of any documents relating to Secured Party’s security
interest. Borrower ratifies all previous filings and recordings, including financing statements and notations on certificates
of title. Borrower will cooperate with Secured Party in obtaining a Control Agreement satisfactory to Secured Party with respect
to any Deposit Accounts or Investment Property, or in otherwise obtaining control or possession of that or any other Collateral.

 

 

 

    	 	17	 

     

    

 

		9.	DEFAULT.

 

Borrower is in default
under this Agreement if: (a) Borrower fails to pay, perform or otherwise comply with any provision of this Agreement; (b) Borrower
makes any materially false representation, warranty or certification in, or in connection with, this Agreement, the Note, or any
other agreement related to the Note or this Agreement; (c) another secured party or judgment creditor exercises its rights against
the Collateral; or (d) an event defined as a “default” under the Obligations occurs. In the event of default and if
Secured Party requests, Borrower must assemble and make available all Collateral at a place and time designated by Secured Party.
Upon default and at any time thereafter, Secured Party may declare all Obligations secured hereby immediately due and payable,
and, in its sole discretion, may proceed to enforce payment of same and exercise any of the rights and remedies available to a
secured party by law including those available to it under Article 9 of the UCC that is in effect in the jurisdiction where Borrower
or the Collateral is located. Unless otherwise required under applicable law, Secured Party has no obligation to clean or otherwise
prepare the Collateral for sale or other disposition and Borrower waives any right it may have to require Secured Party to enforce
the security interest or payment or performance of the Obligations against any other person.

 

		10.	FEDERAL RIGHTS.

 

When SBA is the holder of the Note, this Agreement
will be construed and enforced under federal law, including SBA regulations. Secured Party or SBA may use state or local procedures
for filing papers, recording documents, giving notice, enforcing security interests or liens, and for any 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 Agreement,
Borrower 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.

 

		11.	GOVERNING LAW.

 

Unless SBA is the holder of the Note, in which
case federal law will govern, Borrower and Secured Party agree that this Agreement will be governed by the laws of the jurisdiction
where the Borrower is located, including the UCC as in effect in such jurisdiction and without reference to its conflicts of laws
principles.

 

		12.	SECURED PARTY RIGHTS.

 

All rights conferred in this Agreement on Secured
Party are in addition to those granted to it by law, and all rights are cumulative and may be exercised simultaneously. Failure
of Secured Party to enforce any rights or remedies will not constitute an estoppel or waiver of Secured Party’s ability to
exercise such rights or remedies. Unless otherwise required under applicable law, Secured Party is not liable for any loss or damage
to Collateral in its possession or under its control, nor will such loss or damage reduce or discharge the Obligations that are
due, even if Secured Party’s actions or inactions caused or in any way contributed to such loss or damage.

 

		13.	SEVERABILITY.

 

If any provision of this Agreement is unenforceable,
all other provisions remain in effect.

 

 

 

    	 	18	 

     

    

 

		14.	BORROWER CERTIFICATIONS.

 

Borrower certifies that: (a) its Name (or Names)
as stated above is correct; (b) all Collateral is owned or titled in the Borrower’s name and not in the name of any other
organization or individual; (c) Borrower has the legal authority to grant the security interest in the Collateral; (d) Borrower’s
ownership in or title to the Collateral is free of all adverse claims, liens, or security interests (unless expressly permitted
by Secured Party); (e) none of the Obligations are or will be primarily for personal, family or household purposes; (f) none of
the Collateral is or will be used, or has been or will be bought primarily for personal, family or household purposes; (g) Borrower
has read and understands the meaning and effect of all terms of this Agreement.

 

		15.	BORROWER NAME(S) AND SIGNATURE(S).

 

By signing or otherwise authenticating below,
each individual and each organization becomes jointly and severally obligated as a Borrower under this Agreement.

 

 

 

 

 

 

 

Vivakor, Inc.

 

_______________________________________                                    Date:
     05.22.2020                 

 

Matthew Nicosia, Owner/Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	19Exhibit 10.10 

 

SUB-CONTRACT
AGREEMENT

 

FOR

 

Remediation
of oily sludge material in KOC SEK Fields {Lot - C)

 

BETWEEN

 

BETWEEN

 

[ ]

AND

VIVAKOR-ME

 

(SUB-CONTRACT
No.                    )

 

 

SUB-CONTRACT
AGREEMENT

 

 

This SUB-CONTRACT AGREEMENT ("AGREEMENT") for oily sludge
material remediation services is made and entered into as on 07/12/2019
(the "Effective Date"), by and between:

 

	(a)	[        ], having its registered address at [        ], hereinafter
referred to as "[        ]" (the "CONTRACTOR"); and
                                         and

 

	(b)	VIVAKOR
                                         MIDDLE EAST, a company organized
                                         and existing under the laws of the State of Qatar and having its registered address at
                                         Al Mana Twin Towers, CR Number 74308 hereinafter referred to as "VIVAKOR-ME"
                                         (the "SUB-CONTRACTOR"
                                         ).

 

	1.	Scope
                                         of Work:

 

[        ] and Vivakor-ME, agree to cooperate
on a pilot up to 1,000 cubic meters for KOC's Soil Remediation program to allow for Vivakor-ME to prove its technology on KOC
sludge/soil.

 

By agreeing to cooperate on a pilot of
1,000 cubic meters for KOC's Soil Remediation program, Vivakor ME agrees not to burden [        ] with any legal or financial
responsibility for the pilot program and [ ]also agrees not to burden Vivakor-ME with any legal or financial responsibility
for the pilot program.

 

[        ] will seek approval from KOC
to have Vivakor-ME as a sub-contractor. [        ] will also seek approval from KOC to allow for Vivakor-ME to operate from the
site currently occupied by TERI & process sludge from that site as Vivakor-ME's machinery &equipment is fully set-up and
installed on that site.

 

 

 

 

    	 	1	 

     

    

 

Should KOC insist that Vivakor-ME work
using [       ]'s sludge, Vivakor-ME is ready and willing to truck the sludge from         site to the site currently occupied
by TERI.

 

[       ] will not contribute financially
to this pilot program; all costs are to be borne by Vivakor-ME.

 

[       ] will, also help by providing
a safety officer and a site supervisor on site.

 

In turn, Vivakor-ME will not absorb any
outstanding legal or financial commitments that are currently held by        .

 

[       ] will not have any responsibility
with Vivakor-ME either in the event that the trial is satisfactory or in the event that it unsuccessful.

 

	2.	Indemnification

 

	2.1	SUB-CONTRACTOR
                                         agrees to indemnify, hold harmless, and defend CONTRACTOR, its officers, directors,
                                         members, agents, representatives employees from any and all liabilities, claims, damages,
                                         penalties, fines, forfeitures, suits and the cost incidents thereto caused by SUB-CONTRACTOR
                                         or its officers, directors, agentsor
employees, negligent or willful acts or omissions in the performance of work or by the breach of any term or provisions set forth
in the Agreement.

 

	2.2	CONTRACTOR
                                         agrees to indemnify, hold harmless, and defend SUB-CONTRACTOR, its
                                         officers, directors, members, agents, representatives employees from any and all
                                         liabilities, claims, damages, penalties, fines, forfeitures, suits and the cost incidents
                                         thereto caused by CONTRACTOR or its officers, directors, agents or employees, negligent
                                         or willful acts or omissions in the performance of work or by the breach of any term
                                         or provisions set forth in the Agreement.

 

IN
WITNESS WHEREOF, the duly authorized representatives of the parties hereto have executed this AGREEMENT as of the day and
year first written above:

 

	For and on behalf of the CONTRACTOR	 For and on behalf of
the SUB-CONTRACTOR
	 	 
	[       ]	VIVAKOR
MIDDLE EAST
	 	 
	  	

____________________________

Name

Title:

 

 

 

 

 

 

 

    	 	2

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