13D Filing: Cross River Capital Management LLC and Enservco Corp (ENSV)

The funds for the purchase of the 12,074,420
Shares beneficially owned by Cross River Capital came from the working capital of Cross River Partners. The net investment costs
(including commissions, if any) of the Shares beneficially owned by Cross River Capital is approximately $7,466,385. No borrowed
funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes in the ordinary course
of business.

The funds for the purchase of the 12,074,420
Shares beneficially owned by Cross River Management came from the working capital of Cross River Partners. The net investment costs
(including commissions, if any) of the Shares beneficially owned by Cross River Management is approximately $7,466,385. No borrowed
funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes in the ordinary course
of business.

The funds for the purchase of the 12,074,420
Shares directly owned by Cross River Partners came from the working capital of Cross River Partners. The net investment costs (including
commissions, if any) of the Shares directly owned by Cross River Partners is approximately $7,466,385. No borrowed funds were used
to purchase the Shares, other than any borrowed funds used for working capital purposes in the ordinary course of business.

The funds for the purchase of 73,900 of the
Shares directly owned by Mr. Murphy came from Mr. Murphy’s personal funds. The net investment costs (including commissions,
if any) of 73,900 of the Shares directly owned by Mr. Murphy is approximately $99,765. No borrowed funds were used to purchase
73,900 of the Shares. In addition, and in connection with Mr. Murphy’s appointment to the Board, Mr. Murphy was granted certain
stock options, 50,000 of which vested on 01/19/17, exercisable until 01/18/21 at a strike price of $0.37 per share, as is more
fully described in Item 4 below. The funds for the purchase of the 12,074,420 Shares indirectly beneficially owned by Mr. Murphy
came from the working capital of Cross River Partners. The net investment costs (including commissions, if any) of the Shares indirectly
beneficially owned by Mr. Murphy is approximately $7,466,385. No borrowed funds were used to purchase the Shares, other than any
borrowed funds used for working capital purposes in the ordinary course of business.