Item 1.01. Entry into a Material Definitive Agreement.

On September 22, 2022, Enservco Corporation ("we" or the "Company") issued a $750,000 Revolving Promissory Note (the "Note") to Cross River Partners, LP ("Cross River"), which is an entity controlled by Richard Murphy, our Chief Executive Officer and Chairman. The Note is structured as a revolving credit facility to the Company with advances to be made on an ad hoc basis by Cross River to the Company. The Note has a one year term and accrues interest at 8.00% per annum. Prior to the September 22, 2023 maturity date, the Company is required to make principal payments to Cross River upon demand with thirty (30) days' notice. The Note is not convertible into the Company's equity and is to be secured by certain of the Company's owned real property located in North Dakota.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 is hereby incorporated by reference into this Item 2.03.




Item 9.01.   Exhibits.

(d)   Exhibits

Exhibit     Description
Number
10.1          Revolving Promissory Note dated September 22, 2022 of Enservco
            Corporation issued to Cross River Partners, LP
104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document)

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