Core Insights - Vivakor Inc. has signed a non-binding term sheet for a $40 million commodity intermediation credit facility to support its crude oil trading platform [1][3] Group 1: Agreement Details - The agreement involves a wholesaler acting as an intermediary for Vivakor Supply & Trading, LLC, providing credit support for physical crude oil transactions [2] - The credit support may include letters of credit, surety bonds, cash deposits, and/or guarantees [3] Group 2: Operational Structure - Vivakor operates in the oil and gas industry, focusing on technologies and assets in the US and Kuwait [4] - The company manages logistics services and terminaling & storage products and services [4] Group 3: Future Expectations - Vivakor plans to utilize midstream logistics capabilities, including its trucking fleet and network of crude oil stations and terminal facilities [3]