Enservco Corporation (NYSEMKT:ENSV) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement

On March 31, 2017, Enservco Corporation, a Delaware corporation
(the Company) entered into the Tenth Amendment
(the Amendment) effective as of March 31, 2017,
with respect to the Companys Amended and Restated Revolving
Credit and Security Agreement (the Credit Agreement),
dated as of September 12, 2014, by and among the Company and PNC
Bank, National Association (PNC), an unaffiliated bank. The
Amendment, among other things, modified the definition of
Adjusted EBITDA, amended certain financial covenants of the
Company, amended the term of the 2014 Credit Agreement to April
30, 2018, and required the Company to obtain at least $1.0
million subordinated indebtedness. In connection with the
Amendment, the Company paid PNC an amendment fee in the amount of
$75,000. In addition, the Companys largest stockholder, Cross
River Partners, L.P., established a letter of credit with an
unaffiliated bank in the amount of $1.5 million in favor of PNC.
The Company expects that such letter of credit will be replaced
by a subordinated debt agreement with Cross River Partners,
L.P.

The preceding is a summary of the material provisions of the
Amendment and is qualified in its entirety by reference to the
complete text of the form of Amendment included as Exhibit 10.1
to this Current Report on Form 8-K and incorporated by reference
herein.

Item 2.02 Results of Operations and Financial
Condition.

On March 31, 2017, the Company issued a press release announcing
its financial and operating results for the quarter and full year
ended December 31, 2016. A copy of the press release is furnished
herewith as Exhibit 99.1.

The information in this Current Report on Form 8-K furnished to
Item 2.02, including Exhibit 99.1, shall not be deemed to be
filed for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the Exchange Act), or
otherwise subject to liability under that section, and they shall
not be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended (the Securities
Act), or the Exchange Act, except as shall be expressly
set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:

The following exhibit is furnished with this Current Report on
Form 8-K:

About Enservco Corporation (NYSEMKT:ENSV)

Enservco Corporation provides well and fluid management services to the domestic onshore oil and natural gas industry. The Company’s services include frac water heating, hot oiling and acidizing (well enhancement services), and water transfer, water treatment, water hauling, fluid disposal, frac tank rental (fluid management services) and other general oilfield services. Well enhancement services consist of frac water heating, acidizing, hot oiling services and pressure testing. These services are provided by its subsidiary, Heat Waves Hot Oil Service LLC (Heat Waves), which utilize a fleet of approximately 200 custom designed trucks and other related equipment. The Company owns or leases, and operates approximately 65 water-hauling trucks and trailers equipped with pumps to move water from or into wells, tanks and other storage facilities. Each truck has a hauling capacity of approximately 130 barrels. It also provides well-site construction and roustabout services.

Enservco Corporation (NYSEMKT:ENSV) Recent Trading Information

Enservco Corporation (NYSEMKT:ENSV) closed its last trading session down -0.042 at 0.260 with 208,056 shares trading hands.