On July 30, 2019, the Company through Mid-Con Petroleum, LLC and Mid-Con Drilling, LLC (collectively the Subsidiaries), both wholly owned subsidiaries, borrowed in the aggregate $3,351,099.00 from Cornerstone Bank of Overland Park, Kansas (the Cornerstone Loans), on the following terms: 6% interest; July 24, 2025 maturity date; interest only payments for 12 months beginning August 24, 2019; and blended payments of principal and interest commencing August 24, 2020. These loans are secured by a first mortgage against the Subsidiaries Kansas assets, and the Company guaranteed repayment of the Cornerstone Loans. The net proceeds were applied to reduce the amount owing under the Companys reserve-based revolving loan facility with CrossFirst Bank to $6,650,000, and CrossFirst Bank released its security interests in the Subsidiaries Kansas assets.