Document:

Exhibit
      10.1

     

    ASSUMPTION
      AGREEMENT AND EIGHTH

    AMENDMENT
      TO LOAN AND SECURITY AGREEMENT

    

    THIS
      ASSUMPTION AGREEMENT AND EIGHTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (the
      "Eighth Amendment"), made and entered into as of the 14th day of February,
      2007,
      by and among SMF Energy Corporation, a Delaware corporation (hereinafter
      referred to as "SMF"), successor by merger to Streicher Mobile Fueling, Inc.,
      a
      Florida corporation, SMF Services, Inc., a Delaware corporation (hereinafter
      referred to as "SSI"), H & W Petroleum Company, Inc., a Texas corporation
      (hereinafter referred to as "H & W" and, collectively with SMF and
      SSI, as "Borrower") and Wachovia Bank, National Association, successor by merger
      to Congress Financial Corporation (Florida) (hereinafter referred to as
      "Lender").

     

    RECITALS:

     

    A.    On
      September 26, 2002, Streicher Mobile Fueling, Inc. ("STR") and Lender entered
      into a Loan and Security Agreement (the "Loan Agreement"), which, among other
      things, established a revolving line of credit (the "Revolving Loans") by Lender
      in favor of STR.

    

    B.    STR
      and
      Lender executed a Consent and First Amendment to Loan and Security Agreement
      dated as of March 31, 2003 (the "First Amendment"), which, among other things,
      consented to certain subordinated debt of STR and modified certain defined
      terms
      in the Loan Agreement.

    

    C.    STR
      and
      Lender executed a Second Amendment to Loan and Security Agreement dated as
      of
      August 29, 2003 (the "Second Amendment"), which, among other things, (1)
      permitted STR to incur certain additional secured Indebtedness, and (2) released
      Lender's security interest in the patents (including the related trade names
      utilized in such patents) constituting a portion of the Collateral, subject
      to
      the terms and conditions stated therein.

    

    D.    STR
      and
      Lender executed a Third Amendment to Loan and Security Agreement dated as of
      August 30, 2003 (the "Third Amendment"), which, among other things, modified
      certain terms of the Loan Agreement in order to reflect that the amount of
      the
      additional secured Indebtedness contemplated by the Second Amendment exceeded
      the actual amount thereof.

    

    E.    STR,
      SSI
      and Lender executed a Fourth Amendment to Loan and Security Agreement dated
      as
      of February 18, 2005 (the "Fourth Amendment"), which, among other things, added
      SSI as an additional borrower under the Revolving Loans, extended the term
      of
      the Loan Agreement, and modified the applicable Interest Rate, the unused line
      fee and certain covenants of the Loan Agreement.

    

    F.    STR,
      SSI,
      H & W and Lender executed a Fifth Amendment to Loan and Security Agreement
      dated as of October 1, 2005 (the "Fifth Amendment"), which, among other things,
      added H & W as an additional borrower under the Revolving Loans, extended
      the term of the Loan Agreement, increased the Maximum Credit amount for the
      Revolving Loans, added certain inventory to the Borrowing Base, decreased the
      applicable Interest Rate, and modified certain covenants and other terms of
      the
      Loan Agreement.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    G.    STR,
      SSI,
      H & W and Lender executed a Sixth Amendment to Loan and Security Agreement
      effective as of March 31, 2006 (the "Sixth Amendment"), which, among other
      things, (1) added (a) an Interest Rate option based on the London interbank
      offered rate and (b) certain leased Vehicles and Equipment to the Excluded
      Assets from the Collateral, and (2) amended the capital expenditures covenant
      of
      the Loan Agreement.

    

    H.    STR,
      SSI,
      H & W and Lender executed a Seventh Amendment to Loan and Security Agreement
      dated as of September 26, 2006 (the "Seventh Amendment"), which, among other
      things, amended Sections 1.4 and 9.10 of the Loan Agreement limiting Borrower's
      loans and advances to other persons and increasing the amount of the Maximum
      Credit for Revolving Loans.

    

    I.    Contemporaneously
      with this Eighth Amendment, STR is being merged into SMF (the “Merger”), which
      is assuming all the liabilities of STR, including, without limitation, all
      liabilities to Lender under and in connection with the Loan
      Agreement.

    

    J.    SMF,
      STR,
      SSI, H & W and Streicher Realty, Inc., a Florida corporation, have each
      requested Lender’s consent to the Merger, and Lender hereby agrees to grant its
      consent thereto, conditioned upon the terms and conditions set forth
      below.

    

    NOW
      THEREFORE, in consideration of the mutual covenants of the parties hereto,
      and
      for other good and valuable consideration, it is agreed as follows:

     

    1.    The
      statements in the foregoing Recitals are true and correct and are incorporated
      herein as if set forth in full.

     

    2.    Unless
      otherwise defined herein, all terms used herein shall have the definitions
      specified in the Loan Agreement, as modified by the First Amendment, the Second
      Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment,
      the
      Sixth Amendment and the Seventh Amendment; all references hereinafter made
      to
      the Loan Agreement shall include the modifications thereto effectuated pursuant
      to the First Amendment, the Second Amendment, the Third Amendment, the Fourth
      Amendment, the Fifth Amendment, the Sixth Amendment and the Seventh
      Amendment.

     

    3.    Borrower
      confirms and acknowledges that the principal balance of Revolving Loans
      outstanding under the Loan Agreement as of the close of business on February
      9,
      2007 was $10,114,321, which amount, together with all accrued interest, fees
      and
      other charges under the Loan Agreement are due and payable without any defense,
      set-off or counterclaim.

     

    4.    The
      terms
      of the Loan Agreement are hereby amended such that:

     

      
        	
              	(a)	
                the
                  term “Borrower”, as used in the Loan Agreement, shall hereafter refer to
                  SMF Energy Corporation, a Delaware corporation, SMF Services, Inc.,
                  a
                  Delaware corporation, and H & W Petroleum Company, Inc., a Texas
                  corporation; and

              

      

    

     

      
        	
              	(b)	
                all
                  representations, warranties, covenants and other terms of the Loan
                  Agreement which have been applicable to STR, SSI and H & W shall,
                  effective from and after the date of this Eighth Amendment, apply
                  to
                  Borrower, as hereinabove
                  redefined.

              

      

    

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

       

    

    5.    SMF
      hereby reaffirms the grant of, and hereby grants, the security interest in
      property described in and pursuant to the Loan Agreement. As security for the
      prompt payment and performance of all of the Obligations, SMF hereby grants
      and
      re-grants to Lender a continuing security interest in, and lien upon all, and
      right of setoff against, and hereby assigns and re-assigns to Lender as
      security, all personal property (except Vehicles and patents, patent rights
      and
      patent applications) and real property and fixtures of SMF, whether now owned
      or
      hereafter acquired or existing, and wherever located, including, without
      limitation:

     

    
      	
            	(a)	
              all
                Accounts;

            

    

     

    
      	
            	(b)	
              all
                general intangibles, including without limitation, all Intellectual
                Property;

            

    

     

    
      	
            	(c)	
              all
                goods, including, without limitation, Inventory and
                Equipment;

            

    

     

    
      	
            	(d)	
              all
                Real Property and fixtures;

            

    

     

    
      	
            	(e)	
              all
                chattel paper (including all tangible and electronic chattel
                paper);

            

    

     

    
      	
            	(f)	
              all
                instruments (including all promissory
                notes);

            

    

     

    
      	
            	(g)	
              all
                documents;

            

    

     

    
      	
            	(h)	
              all
                deposit accounts;

            

    

     

    
      	 	
              (i)

            	
              all
                letters of credit, banker's acceptances and similar instruments and
                including all letter-of-credit
                rights;

            

    

     

    
      	 	
              (j)

            	
              all
                supporting obligations and all present and future liens, security
                interests, rights, remedies, title and interest in, to and in respect
                of
                Receivables and other Collateral, including (i) rights and remedies
                under
                or relating to guaranties, contracts of suretyship, letters of credit
                and
                credit and other insurance related to the Collateral, (ii) rights
                of
                stoppage in transit, replevin, repossession, reclamation and other
                rights
                and remedies of an unpaid vendor, lienor or secured party, (iii)
                goods
                described in invoices, documents, contracts or instruments with respect
                to, or otherwise representing or evidencing, Receivables or other
                Collateral, including returned, repossessed and reclaimed goods,
                and (iv)
                deposits by and property of account debtors or other persons securing
                the
                obligations of account debtors;

            

    

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    
      	 	
              (k)

            	
              all
                (i) investment property (including securities, whether certificated
                or
                uncertificated, securities accounts, security entitlements, commodity
                contracts or commodity accounts) and (ii) monies, credit balances,
                deposits and other property of SMF now or hereafter held or received
                by or
                in transit to Lender or its Affiliates or at any other depository
                or other
                institution from or for the account of Borrower, whether for safekeeping,
                pledge, custody, transmission, collection or
                otherwise;

            

    

     

    
      	 	
              (l)

            	
              all
                commercial tort claims, including, without limitation, those disclosed
                to
                Lender in writing;

            

    

     

    
      	
            	(m)	
              to
                the extent not otherwise described above, all
                Receivables;

            

    

     

    
      	
            	(n)	
              all
                Records; and

            

    

     

    
      	 	
              (o)

            	
              all
                products and proceeds of the foregoing, in any form, including insurance
                proceeds and all claims against third parties for loss or damage
                to or
                destruction of or other involuntary conversion of any kind or nature
                of
                any or all of the other Collateral.

            

    

     

    6.    SMF
      hereby assumes all obligations under the Loan Agreement and the other Financing
      Agreements to which STR is a party (including, without limitation, that certain
      Subordination Agreement dated January 21, 2003, by and among Active Investors
      III and C. Rodney O'Connor, Lender, as successor by merger to Congress Financial
      Corporation (Florida), and STR (the "Subordination Agreement") and any other
      agreements, instruments or documents executed in connection therewith or which
      incorporate the terms thereof by reference thereto (collectively, the "Other
      Agreements"), and covenants and agrees to fully and faithfully pay, perform,
      observe, satisfy and discharge each and every one of the obligations and
      covenants of its merger predecessor under the Loan Agreement and the other
      Financing Agreements to which it is a party, as though the Loan Agreement and
      such Financing Agreements had originally been made, executed and delivered
      by
      SMF. Each of SSI and H & W acknowledges and agrees that it is bound by the
      Subordination Agreement and the Other Agreements as if it had originally been
      made, executed and delivered by SSI and H & W.

     

    7.    Each
      and
      every reference to the Loan Agreement in the other Financing Agreements shall
      be
      deemed to refer to the Loan Agreement, as modified by this Eighth
      Amendment.

     

    8.    The
      effectiveness of the amendments contained in Section 4 of this Eighth Amendment
      is subject to satisfactory compliance with conditions precedent requiring that
      Lender shall have received:

     

    
      	
            	(a)	
              evidence,
                in form and substance satisfactory to Lender, that Lender has valid
                perfected and first priority security interests in and liens upon
                the
                Collateral;

            

    

     

    
      	
            	(b)	
              all
                requisite corporate action and proceedings in connection with this
                Eighth
                Amendment and the other Financing Agreements shall be satisfactory
                in form
                and substance to Lender, and Lender shall have received all information
                and copies of all documents, including records of requisite corporate
                action and proceedings which Lender or its counsel may have requested
                in
                connection therewith, such documents, where requested to be certified
                by
                appropriate corporate officers or governmental
                authorities;

            

    

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    
      	
            	(c)	
              the
                following documents, each fully executed and/or delivered in form
                and
                substance acceptable to Lender: (i) a Delaware UCC-1 financing statement
                and/or UCC-3 statement of change reflecting SMF as debtor; and (ii)
                an
                amended and restated guarantee agreement from Streicher Realty, Inc.
                for
                the Obligations;

            

    

     

    
      	
            	(d)	
              copies
                of all executed documentation pertaining to the
                Merger;

            

    

     

    
      	
            	(e)	
              copies
                of such current certified good standing, organizational and authorizing
                documents for SMF as Lender may reasonably request in connection
                with the
                Merger and this Eighth Amendment; 

            

    

     

    
      	
            	(f)	
              a
                written opinion of counsel for Borrower and Streicher Realty, Inc.,
                in
                form and substance acceptable to
                Lender;

            

    

     

    
      	
            	(g)	
              All
                consents, waivers, acknowledgments and other agreements from third
                persons
                which Lender may reasonably deem necessary in order to permit, protect
                and
                perfect its security interests in and liens upon the Collateral furnished
                by SMF or to effectuate the provisions or purposes of the Agreement
                and
                the other Financing Agreements, including acknowledgments by lessors,
                mortgagees and warehousemen of Lender’s security interests in the
                Collateral, waivers by such persons of any security interests, liens
                or
                other claims by such persons to the Collateral and agreements permitting
                Lender access to, and the right to remain on, the premises to exercise
                its
                rights and remedies and otherwise deal with the
                Collateral;

            

    

     

    
      	
            	(h)	
              evidence
                of insurance and loss payee endorsements required under the Agreement
                and
                under the other Financing Agreements;
                and

            

    

     

    
      	
            	(i)	
              such
                additional documents, instruments and agreements as are required
                hereunder
                as well as those which Lender or its counsel may reasonably
                request.

            

    

     

    9.    Borrower
      represents and warrants to Lender that, except as has been otherwise disclosed
      to Lender in writing, the representations and warranties contained in the Loan
      Agreement and all related loan documentation are true and correct on and as
      of
      the date hereof (with the same force and effect as if made on and as of the
      date
      hereof, other than representations and warranties made as of a specific date
      which shall be deemed made as of such date) and with respect to this Eighth
      Amendment and the related documentation referenced herein, and that no Default
      or Event of Default shall have occurred and be continuing. Specifically, (a)
      SSI
      represents and warrants that its Certificate of Incorporation and Bylaws,
      certified on February 18, 2005, were not amended on or subsequent to their
      aforesaid certification date, and (b) H & W represents and warrants that its
      Articles of Incorporation and Bylaws, certified on October 1, 2005, were not
      amended on nor subsequent to their aforesaid certification date.

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

       

    

    10.    Borrower
      acknowledges and confirms that all Collateral furnished in connection with
      the
      Loan Agreement, except patents, continue to secure the Obligations and
      indebtedness thereunder, as hereby modified.

     

    11.    Borrower
      hereby releases and forever discharges Lender and each and every one of its
      directors, officers, employees, representatives, legal counsel, agents, parents,
      subsidiaries and affiliates, and persons employed or engaged by them, whether
      past or present (hereinafter collectively referred to as the "Lender
      Releasees"), of and from all actions, agreements, damages, judgments, claims,
      counterclaims, and demands whatsoever, liquidated or unliquidated, contingent
      or
      fixed, determined or undetermined, at law or in equity, which Borrower, had,
      now
      has, or may have against the Lender Releasees, or any of them, for, upon or
      by
      reason of any matter, cause or thing whatsoever to the date of this Eighth
      Amendment, whether arising out of, related to or pertaining to the Obligations,
      the Financing Agreements, or otherwise, including, without limitation, the
      negotiation, closing, administration, and funding of the Obligations or the
      Financing Agreements. Borrower acknowledges that this provision is a material
      inducement for Lender entering into this Eighth Amendment and this provision
      shall survive payment in full of all Obligations and termination of all
      Financing Agreements.

     

    12.    Borrower
      shall pay all out-of-pocket expenses incurred by Lender in connection with
      the
      preparation for and closing of the transaction contemplated under this Eighth
      Amendment, including, without limitation, the reasonable fees and expenses
      of
      special counsel for Lender. In addition, Borrower shall pay any and all taxes
      (together with interest and penalties, if any, applicable thereto) and fees,
      including, without limitation, documentary stamp taxes, now or hereafter
      required in connection with the execution and delivery of the Loan Agreement,
      as
      hereby amended, and all related documents, instruments and
      agreements.

     

    13.    Except
      as
      expressly modified herein, all terms and provisions of the Loan Agreement,
      and
      all other documents, instruments and agreements executed and/or delivered in
      connection with the Loan Agreement, shall remain unchanged and in full force
      and
      effect; provided,
      however,
      in the
      event of any inconsistency, incongruity or conflict between the terms of the
      Loan Agreement and the terms of this Eighth Amendment, the terms of this Eighth
      Amendment shall govern and control. No consent of Lender hereunder shall operate
      as a waiver or continuing consent with respect to any instance or event other
      than those specified herein. Neither this Eighth Amendment nor
      any
      earlier waiver or amendment of the Loan Agreement will constitute a novation
      or
      have the effect of discharging any liability or obligation evidenced by the
      Agreement or any related document. This Eighth Amendment shall not be deemed
      to
      prejudice any rights or remedies which Lender may now have or may have in the
      future under or in connection with the Loan Agreement or the Financing
      Agreements or any of the instruments or agreements referred to therein, as
      the
      same may be amended, restated or otherwise modified. This Eighth Amendment
      is
      part of the Loan Agreement and constitutes a Financing Agreement
      thereunder.

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

       

    

    14.    All
      covenants, agreements, representations and warranties contained herein shall be
      binding upon and inure to the benefit of the parties hereto, their respective
      successors and assigns, except that Borrower shall not have the right to assign
      its rights hereunder or any interest herein without the prior written consent
      of
      Lender.

     

    15.    This
      Eighth Amendment may be executed in any number of counterparts and by different
      parties hereto in separate counterparts, each of which, when so executed, shall
      be deemed to be an original and shall be binding upon all parties, their
      successors and assigns, and all of which taken together shall constitute one
      and
      the same agreement. 

     

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

     

    17.    LENDER
      AND BORROWER EACH HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY
      RIGHT THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED
      HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS EIGHTH AMENDMENT
      OR
      THE LOAN AGREEMENT AND ANY AGREEMENT, DOCUMENT OR INSTRUMENT EXECUTED IN
      CONJUNCTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS
      (WHETHER ORAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO. THIS PROVISION IS
      A
      MATERIAL INDUCEMENT FOR LENDER ENTERING INTO THIS EIGHTH AMENDMENT.

     

    [Remainder
      of page intentionally left blank;

    signatures
      begin on following page.]

     

     

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

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

     

    
      	 	 	 
	 	BORROWER:
	 	 
	 	SMF ENERGY CORPORATION, a Delaware corporation,
              successor by merger to STREICHER
              MOBILE FUELING, INC.,
              a
              Florida corporation 
	 
 	 
 	 
 
	 	By:  	/s/
              Richard E.
              Gathright
	 	Name: 	Richard E. Gathright 
	 	Title: 	President and Chief Executive
              Officer 

    

     

    
      	 	 	 
	 	SMF SERVICES, INC., a Delaware corporation
	 
 	 
 	 
 
	 	By:  	/s/ Richard
              E.
              Gathright
	 	Name: 	Richard E. Gathright 
	 	Title: 	President and Chief Executive
              Officer 

    

     

    
      	 	 	 
	 	H & W PETROLEUM COMPANY, INC., a Texas
              corporation
	 
 	 
 	 
 
	 	By:  	/s/
              Richard E.
              Gathright
	 	Name: 	Richard E. Gathright 
	 	Title: 	Chief Executive
              Officer 

    

     

    
      	 	 	 
	 	LENDER:
	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION,
              successor
              by merger to CONGRESS FINANCIAL CORPORATION (FLORIDA) 
	 
 	 
 	 
 
	 	By:  	/s/
              Pat
              Cloninger
	 	Name: 	Pat
              Cloninger
	 	Title: 	DirectorExhibit
      10.2

     

    NINTH
      AMENDMENT TO LOAN AND SECURITY AGREEMENT

    

    THIS
      NINTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (the "Ninth Amendment"), made
      and
      entered into as of the 15th day of February, 2007, by and among SMF Energy
      Corporation, a Delaware corporation (hereinafter referred to as "SMF"),
      successor by merger to Streicher Mobile Fueling, Inc., a Florida corporation,
      SMF Services, Inc., a Delaware corporation (hereinafter referred to as "SSI"),
      H
& W Petroleum Company, Inc., a Texas corporation (hereinafter referred to as
      "H & W" and, collectively with SMF and SSI, as "Borrower") and Wachovia
      Bank, National Association, successor by merger to Congress Financial
      Corporation (Florida) (hereinafter referred to as "Lender").

     

    RECITALS:

     

    A.    On
      September 26, 2002, Streicher Mobile Fueling, Inc. ("STR") and Lender entered
      into a Loan and Security Agreement (the "Loan Agreement"), which, among other
      things, established a revolving line of credit (the "Revolving Loans") by Lender
      in favor of STR.

    

    B.    STR
      and
      Lender executed a Consent and First Amendment to Loan and Security Agreement
      dated as of March 31, 2003 (the "First Amendment"), which, among other things,
      consented to certain subordinated debt of STR and modified certain defined
      terms
      in the Loan Agreement.

    

    C.    STR
      and
      Lender executed a Second Amendment to Loan and Security Agreement dated as
      of
      August 29, 2003 (the "Second Amendment"), which, among other things, (1)
      permitted STR to incur certain additional secured Indebtedness, and (2) released
      Lender's security interest in the patents (including the related trade names
      utilized in such patents) constituting a portion of the Collateral, subject
      to
      the terms and conditions stated therein.

    

    D.    STR
      and
      Lender executed a Third Amendment to Loan and Security Agreement dated as of
      August 30, 2003 (the "Third Amendment"), which, among other things, modified
      certain terms of the Loan Agreement in order to reflect that the amount of
      the
      additional secured Indebtedness contemplated by the Second Amendment exceeded
      the actual amount thereof.

    

    E.    STR,
      SSI
      and Lender executed a Fourth Amendment to Loan and Security Agreement dated
      as
      of February 18, 2005 (the "Fourth Amendment"), which, among other things, added
      SSI as an additional borrower under the Revolving Loans, extended the term
      of
      the Loan Agreement, and modified the applicable Interest Rate, the unused line
      fee and certain covenants of the Loan Agreement.

    

    F.    STR,
      SSI,
      H & W and Lender executed a Fifth Amendment to Loan and Security Agreement
      dated as of October 1, 2005 (the "Fifth Amendment"), which, among other things,
      added H & W as an additional borrower under the Revolving Loans, extended
      the term of the Loan Agreement, increased the Maximum Credit amount for the
      Revolving Loans, added certain inventory to the Borrowing Base, decreased the
      applicable Interest Rate, and modified certain covenants and other terms of
      the
      Loan Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    G.    STR,
      SSI,
      H & W and Lender executed a Sixth Amendment to Loan and Security Agreement
      effective as of March 31, 2006 (the "Sixth Amendment"), which, among other
      things, (1) added (a) an Interest Rate option based on the London interbank
      offered rate and (b) certain leased Vehicles and Equipment to the Excluded
      Assets from the Collateral, and (2) amended the capital expenditures covenant
      of
      the Loan Agreement.

    

    H.    STR,
      SSI,
      H & W and Lender executed a Seventh Amendment to Loan and Security Agreement
      dated as of September 26, 2006 (the "Seventh Amendment"), which, among other
      things, amended Sections 1.4 and 9.10 of the Loan Agreement limiting Borrower's
      loans and advances to other persons and increasing the amount of the Maximum
      Credit for Revolving Loans.

    

    I.    On
      February 14, 2007, STR merged with and into SMF, and, contemporaneously
      therewith, Borrower and Lender executed an Assumption Agreement and Eighth
      Amendment to Loan and Security Agreement, dated as of February 14, 2007 (the
      "Eighth Amendment"), pursuant to which, among other things, SMF assumed all
      of
      STR's obligations as a Borrower under the Loan Agreement and the other Financing
      Agreements (as defined in the Loan Agreement) to which STR is a
      party.

    

    J.    Borrower
      and Lender desire to amend the Loan Agreement to, among other things, extend
      the
      maturity date of the Loan Agreement from September 25, 2007 to June 30, 2008
      and
      modify certain financial covenants, and Lender is agreeable to same, subject
      to
      the terms and conditions hereinafter set forth.

     

    NOW
      THEREFORE, in consideration of the mutual covenants of the parties hereto,
      and
      for other good and valuable consideration, it is agreed as follows:

     

    1.    The
      statements in the foregoing Recitals are true and correct and are incorporated
      herein as if set forth in full.

     

    2.    Unless
      otherwise defined herein, all terms used herein shall have the definitions
      specified in the Loan Agreement, as modified by the First Amendment, the Second
      Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment,
      the
      Sixth Amendment, the Seventh Amendment and the Eighth Amendment; all references
      hereinafter made to the Loan Agreement shall include the modifications thereto
      effectuated pursuant to the First Amendment, the Second Amendment, the Third
      Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth Amendment,
      the
      Seventh Amendment and the Eighth Amendment.

     

    3.    Borrower
      confirms and acknowledges that the principal balance of Revolving Loans
      outstanding under the Loan Agreement as of the close of business on February
      9,
      2007 was $10,114,321, which amount, together with all accrued interest, fees
      and
      other charges under the Loan Agreement are due and payable without any defense,
      set-off or counterclaim.

     

    4.    The
      Loan
      Agreement is hereby modified as follows (all references to Sections and
      Subsections being the applicable Sections and Subsections of the Loan
      Agreement):

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    
      	 	
              (a)

            	
              In
                Section 12.1, the "Renewal Date" in subsection (a) is extended, from
                the
                date that is five (5) years from the date of the Loan Agreement,
                to June
                30, 2008.

            

    

    

    5.    In
      addition, the Loan Agreement is hereby modified as follows (all references
      to
      Sections and Subsections being the applicable Sections and Subsections of the
      Loan Agreement):

     

    
      	 	
              (a)

            	
              The
                definition of "Information Certificate" contained in Section 1.34
                of the
                Loan Agreement is amended and restated in its entirety to read as
                follows:
                

            

    

    

    1.34 "Information
      Certificate" shall mean the Information Certificate of SMF Energy Corporation
      (or its predecessor in interest, Streicher Mobile Fueling, Inc.) dated August
      30, 2002 (revised September 26, 2002) and delivered to Lender, the Information
      Certificate of SMF Services, Inc. dated on or about February 18, 2005 and
      delivered to Lender and the Information Certificate of H & W Petroleum
      Company, Inc. dated on or about October 5, 2005 and delivered to Lender, in
      each
      case, containing material information with respect to Borrower, its business
      and
      assets provided by or on behalf of Borrower to Lender in connection with this
      Agreement and the other Financing Agreements and the financing arrangements
      provided for herein, and in each case, as each such Information Certificates
      has
      been updated and delivered to Lender prior to February 15, 2007, and as each
      such Information Certificate may be updated after February 15, 2007 from time
      to
      time and as the same may be approved in writing by Lender.

    

    
      	 	
              (b)

            	
              Subclause
                (i) in the proviso contained in Section 9.9(f) is amended and restated
                in
                its entirety to read as follows:

            

    

    

    
      	 	 	
              (i)
                Borrower may only make regularly scheduled payments of principal
                and
                interest in respect of such Indebtedness in accordance with the terms
                of
                the agreement or instrument evidencing or giving rise to such
                Indebtedness, as in effect on the date hereof, and in accordance
                with any
                subordination agreement (if any) applicable to such
                Indebtedness,

            

    

    

    
      	 	
              (c)

            	
              Sections
                9.21 and 9.22 are amended and restated in their entireties to read
                as
                follows:

            

    

    

    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. 

    

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

       

      

        
          	
                  
                    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 and each

                	 	
                   

                	
                  
                    $2,500,000

                  

                	 
	
                  month
                    thereafter

                	 	 	 	 

        

         

      

    

    9.22 Excess
      Availability.
      Borrower shall maintain Excess Availability as determined by Lender in an amount
      not less than: (a) at all times during the period beginning on February 15,
      2007
      and ending on July 15, 2007, $750,000, and (b) at all times on and after July
      16, 2007, $2,000,000.

    

    6.    Each
      and
      every reference to the Loan Agreement in the other Financing Agreements shall
      be
      deemed to refer to the Loan Agreement, as modified by this Ninth
      Amendment.

     

    7.    Reference
      is made to that certain Subordination Agreement dated January 21, 2003, by
      and
      among Active Investors III and C. Rodney O'Connor, Lender, as successor by
      merger to Congress Financial Corporation (Florida), and SMF, as successor by
      merger to Streicher Mobile Fueling, Inc. (the "Subordination Agreement") and
      to
      each of the other agreements, instruments or documents executed in connection
      therewith or which incorporate the terms thereof by reference thereto
      (collectively, the "Other Agreements"). Lender acknowledges that,
      notwithstanding provisions in the Subordination Agreement and the Other
      Agreements prohibiting principal payments on the Subordinated Debt (as defined
      in the Subordination Agreement), Lender has consented to each principal payment
      made by Borrower and disclosed to Lender prior to the date hereof in respect
      of
      the Subordinated Debt. Lender agrees that, notwithstanding anything to the
      contrary contained in the Subordination Agreement or the Other Agreements,
      Lender consents to one or more principal payments to be made by Borrower on
      or
      prior to February 28, 2007 in respect of such Subordinated Debt, in the amounts
      and at the times specified in the Subordinated Debt documents as in effect
      on
      the date hereof, so long as no Default or Event of Default exists under the
      Loan
      Agreement on the date of any such payment or would exist as a result of any
      such
      payment, and Borrower agrees that, based upon such consent, Borrower is
      authorized to make such principal payments notwithstanding prohibitions on
      such
      payments contained in the Subordination Agreement and the Other
      Agreements.

     

    8.    The
      effectiveness of the amendments contained in Section 4 and Section 5 of this
      Ninth Amendment is subject to satisfactory compliance with conditions precedent
      requiring that Lender shall have received:

     

    
      	
            	(a)	
              all
                requisite corporate action and proceedings in connection with this
                Ninth
                Amendment and the other Financing Agreements shall be satisfactory
                in form
                and substance to Lender, and Lender shall have received all information
                and copies of all documents, including records of requisite corporate
                action and proceedings which Lender or its counsel may have requested
                in
                connection therewith, such documents, where requested to be certified
                by
                appropriate corporate officers or governmental
                authorities;

            

    

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    
      	
            	(b)	
              copies
                of such current certified good standing, organizational and authorizing
                documents for SMF as Lender may reasonably request in connection
                with this
                Ninth Amendment; and

            

    

     

    
      	
            	(c)	
              such
                additional documents, instruments and agreements as are required
                hereunder
                as well as those which Lender or its counsel may reasonably
                request.

            

    

     

    9.    As
      partial consideration for Lender's agreement to amend the Loan Agreement as
      provided above, Lender has fully earned a nonrefundable facility fee in the
      amount of forty-five thousand dollars ($45,000), which shall be paid to Lender
      simultaneously with the execution of this Ninth Amendment and upon the
      effectiveness thereof, irrespective of any actual further funding under the
      Revolving Loans.

     

    10.    Borrower
      represents and warrants to Lender that, except as has been otherwise disclosed
      to Lender in writing, the representations and warranties contained in the Loan
      Agreement and all related loan documentation are true and correct on and as
      of
      the date hereof (with the same force and effect as if made on and as of the
      date
      hereof, other than representations and warranties made as of a specific date
      which shall be deemed made as of such date) and with respect to this Ninth
      Amendment and the related documentation referenced herein, and that no Default
      or Event of Default shall have occurred and be continuing. Specifically, (a)
      SMF
      represents and warrants that its Certificate of Incorporation and Bylaws,
      certified on February 14, 2007, were not amended on or subsequent to their
      aforesaid certification date, (b) SSI represents and warrants that its
      Certificate of Incorporation and Bylaws, certified on February 18, 2005,
      were not amended on or subsequent to their aforesaid certification date, and
      (c)
      H & W represents and warrants that its Articles of Incorporation and Bylaws,
      certified on October 1, 2005, were not amended on nor subsequent to their
      aforesaid certification date.

     

    11.    Borrower
      acknowledges and confirms that all Collateral furnished in connection with
      the
      Loan Agreement, except patents, continue to secure the Obligations and
      indebtedness thereunder, as hereby modified.

     

    12.    Borrower
      hereby releases and forever discharges Lender and each and every one of its
      directors, officers, employees, representatives, legal counsel, agents, parents,
      subsidiaries and affiliates, and persons employed or engaged by them, whether
      past or present (hereinafter collectively referred to as the "Lender
      Releasees"), of and from all actions, agreements, damages, judgments, claims,
      counterclaims, and demands whatsoever, liquidated or unliquidated, contingent
      or
      fixed, determined or undetermined, at law or in equity, which Borrower, had,
      now
      has, or may have against the Lender Releasees, or any of them, for, upon or
      by
      reason of any matter, cause or thing whatsoever to the date of this Ninth
      Amendment, whether arising out of, related to or pertaining to the Obligations,
      the Financing Agreements, or otherwise, including, without limitation, the
      negotiation, closing, administration, and funding of the Obligations or the
      Financing Agreements. Borrower acknowledges that this provision is a material
      inducement for Lender entering into this Ninth Amendment and this provision
      shall survive payment in full of all Obligations and termination of all
      Financing Agreements.

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

       

    

    13.    Borrower
      shall pay all out-of-pocket expenses incurred by Lender in connection with
      the
      preparation for and closing of the transaction contemplated under this Ninth
      Amendment, including, without limitation, the reasonable fees and expenses
      of
      special counsel for Lender. In addition, Borrower shall pay any and all taxes
      (together with interest and penalties, if any, applicable thereto) and fees,
      including, without limitation, documentary stamp taxes, now or hereafter
      required in connection with the execution and delivery of the Loan Agreement,
      as
      hereby amended, and all related documents, instruments and
      agreements.

     

    14.    Except
      as
      expressly modified herein, all terms and provisions of the Loan Agreement,
      and
      all other documents, instruments and agreements executed and/or delivered in
      connection with the Loan Agreement, shall remain unchanged and in full force
      and
      effect; provided,
      however,
      in the
      event of any inconsistency, incongruity or conflict between the terms of the
      Loan Agreement and the terms of this Ninth Amendment, the terms of this Ninth
      Amendment shall govern and control. No consent of Lender hereunder shall operate
      as a waiver or continuing consent with respect to any instance or event other
      than those specified herein. Neither this Ninth Amendment nor
      any
      earlier waiver or amendment of the Loan Agreement will constitute a novation
      or
      have the effect of discharging any liability or obligation evidenced by the
      Agreement or any related document. This Ninth Amendment shall not be deemed
      to
      prejudice any rights or remedies which Lender may now have or may have in the
      future under or in connection with the Loan Agreement or the Financing
      Agreements or any of the instruments or agreements referred to therein, as
      the
      same may be amended, restated or otherwise modified. This Ninth Amendment is
      part of the Loan Agreement and constitutes a Financing Agreement
      thereunder.

     

    15.    All
      covenants, agreements, representations and warranties contained herein shall
      be
      binding upon and inure to the benefit of the parties hereto, their respective
      successors and assigns, except that Borrower shall not have the right to assign
      its rights hereunder or any interest herein without the prior written consent
      of
      Lender.

     

    16.    This
      Ninth Amendment may be executed in any number of counterparts and by different
      parties hereto in separate counterparts, each of which, when so executed, shall
      be deemed to be an original and shall be binding upon all parties, their
      successors and assigns, and all of which taken together shall constitute one
      and
      the same agreement. 

     

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

     

    18.    LENDER
      AND BORROWER EACH HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY
      RIGHT THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED
      HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS NINTH AMENDMENT
      OR
      THE LOAN AGREEMENT AND ANY AGREEMENT, DOCUMENT OR INSTRUMENT EXECUTED IN
      CONJUNCTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS
      (WHETHER ORAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO. THIS PROVISION IS
      A
      MATERIAL INDUCEMENT FOR LENDER ENTERING INTO THIS NINTH AMENDMENT.

     

    [Remainder
      of page intentionally left blank;

    signatures
      begin on following page.]

     

     

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

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

     

    
      	 	 	 
	 	BORROWER:
	 	 
	 	SMF ENERGY CORPORATION, a Delaware corporation,
              successor by merger to STREICHER
              MOBILE FUELING, INC.,
              a
              Florida corporation 
	 
 	 
 	 
 
	 	By:  	/s/
              Richard E.
              Gathright
	 	Name: 	Richard E. Gathright 
	 	Title: 	President and Chief Executive
              Officer 

       

      
        	 	 	 
	 	SMF SERVICES, INC., a Delaware
                corporation
	 
 	 
 	 
 
	 	By:  	/s/ Richard
                E.
                Gathright
	 	Name: 	Richard E. Gathright 
	 	Title: 	President and Chief Executive
                Officer 

      

       

      
        	 	 	 
	 	H & W PETROLEUM COMPANY, INC., a Texas
                corporation
	 
 	 
 	 
 
	 	By:  	/s/
                Richard E.
                Gathright
	 	Name: 	Richard E. Gathright 
	 	Title: 	Chief Executive
                Officer 

      

       

      
        	 	 	 
	 	LENDER:
	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION,
                successor
                by merger to CONGRESS FINANCIAL CORPORATION (FLORIDA) 
	 
 	 
 	 
 
	 	By:  	/s/
                Pat
                Cloninger
	 	Name: 	Pat
                Cloninger
	 	Title: 	Director

      

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

      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 or any future amendment to the Agreement
        but,
        nevertheless, consents to all terms and provisions of the foregoing Ninth
        Amendment which are applicable to it, and agrees to be bound by and comply
        with
        such terms and provisions, and (3) acknowledges and confirms that its guarantee
        in favor of Lender executed in connection with the 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 guarantee in connection with the Agreement,
        as
        modified by the Ninth Amendment.

       

      
        	 	 	 
	 	GUARANTOR:
	 	 
	 	STREICHER REALTY, INC., a Florida
corporation 
	 
 	 
 	 
 
	 	By:  	/s/
                Richard E.
                Gathright
	 	Name: 	Richard E. Gathright 
	 	Title: 	President and Chief Executive
                Officer

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