Exhibit 10.2
FIRST SUPPLEMENTAL INDENTURE
to
INDENTURE
Dated as of February 15, 2011
among
BASIC ENERGY SERVICES, INC.
as Issuer,
The GUARANTORS named therein
and
WELLS FARGO BANK, N.A.
as Trustee
 
7 3/4% Senior Notes due 2019, Series A
7 3/4% Senior Notes due 2019, Series B

 

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FIRST SUPPLEMENTAL INDENTURE
     SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
August 5, 2011, among Maverick Stimulation Company, LLC, a Colorado limited
liability company (“Maverick Stimulation”), Maverick Coil Tubing Services, LLC,
a Colorado limited liability company (“Maverick Coil Tubing”), MCM Holdings,
LLC, a Colorado limited liability company (“MCM”), Maverick Thru-Tubing
Services, LLC, a Colorado limited liability company (“Maverick Thru-Tubing”),
The Maverick Companies, LLC, a Colorado limited liability company (“Maverick
Companies”), Maverick Solutions, LLC, a Colorado limited liability company
(“Maverick Solutions”), MSM Leasing, LLC, a Colorado limited liability company
(together with Maverick Stimulation, Maverick Coil Tubing, MCM, Maverick
Thru-Tubing, Maverick Companies, and Maverick Solutions, collectively, the “New
Guarantors”), each an indirect subsidiary of Basic Energy Services, Inc. (or its
successor), a Delaware corporation (the “Issuer”), the Guarantors (the “Existing
Guarantors”) under the Indenture referred to below, and Wells Fargo Bank, N.A.,
as trustee under the Indenture referred to below (the “Trustee”).
W I T N E S S E T H :
     WHEREAS the Issuer has heretofore executed and delivered to the Trustee an
Indenture (as such may be amended from time to time, the “Indenture”), dated as
of February 15, 2011 providing for the issuance of its 7 3/4 % Senior Notes due
2019 (the “Notes”);
     WHEREAS under certain circumstances the Issuer is required to cause the New
Guarantors to execute and deliver to the Trustee a supplemental indenture
pursuant to which each New Guarantor shall unconditionally guarantee all of the
Issuer’s obligations under the Notes pursuant to a Note Guarantee on the terms
and conditions set forth herein; and
     WHEREAS pursuant to Section 8.01 of the Indenture, the Trustee, the Issuer
and the Existing Guarantors are authorized to execute and deliver this
Supplemental Indenture;
     NOW THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the New
Guarantors, the Issuer, the Existing Guarantors and the Trustee mutually
covenant and agree for the equal and ratable benefit of the Holders as follows:
     1. Definitions. (a) Capitalized terms used herein without definition have
the meanings assigned to them in the Indenture.
     (b) For all purposes of this Supplemental Indenture, except as otherwise
herein expressly provided or unless the context otherwise requires: (i) the
terms and expressions used herein shall have the same meanings as corresponding
terms and expressions used in the Indenture; and (ii) the words “herein,”
“hereof” and “hereby” and

 

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other words of similar import used in this Supplemental Indenture refer to this
Supplemental Indenture as a whole and not to any particular section hereof.
     2. Agreement to Guarantee. Each New Guarantor hereby agrees, jointly and
severally with all Existing Guarantors, to guarantee the Issuer’s obligations
under the Notes on the terms and subject to the conditions set forth in
Article 10 of the Indenture and to be bound by all other applicable provisions
of the Indenture. From and after the date hereof, each New Guarantor will be a
Guarantor for all purposes under the Indenture and the Notes.
     3. Ratification of Indenture; Supplemental Indentures Part of Indenture.
Except as expressly amended hereby, the Indenture is in all respects ratified
and confirmed and all the terms, conditions and provisions thereof shall remain
in full force and effect. This Supplemental Indenture shall form a part of the
Indenture for all purposes, and every Holder heretofore or hereafter
authenticated and delivered shall be bound hereby.
     4. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
     5. Trustee Makes No Representation. The Trustee shall not be responsible in
any manner whatsoever for or in respect of the validity or sufficiency of this
Supplemental Indenture or for or in respect of the recitals contained herein,
all of which are made solely by the Issuer.
     6. Multiple Counterparts. The parties may sign multiple counterparts of
this Supplemental Indenture. Each signed counterpart shall be deemed an
original, but all of them together represent one and the same agreement.
     7. Headings. The headings of this Supplemental Indenture have been inserted
for convenience of reference only, are not to be considered a part hereof, and
shall in no way modify or restrict any of the terms or provisions hereof.
[Signatures on following pages]

2

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     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the date and year first above written.

              BASIC ENERGY SERVICES, INC.
 
       
 
  By:   /s/ Kenneth V. Huseman
 
       
 
  Name:   Kenneth V. Huseman
 
  Title:   President
 
            NEW GUARANTOR:
 
            MAVERICK STIMULATION COMPANY, LLC
 
       
 
  By:   /s/ Kenneth V. Huseman
 
       
 
  Name:   Kenneth V. Huseman
 
  Title:   President
 
            MAVERICK COIL TUBING SERVICES, LLC
 
       
 
  By:   /s/ Kenneth V. Huseman
 
       
 
  Name:   Kenneth V. Huseman
 
  Title:   President
 
            MCM HOLDINGS, LLC
 
       
 
  By:   /s/ Kenneth V. Huseman
 
       
 
  Name:   Kenneth V. Huseman
 
  Title:   President
 
            MAVERICK THRU-TUBING SERVICES, LLC
 
       
 
  By:   /s/ Kenneth V. Huseman
 
       
 
  Name:   Kenneth V. Huseman
 
  Title:   President

Signature Page to First Supplemental Indenture

 

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              THE MAVERICK COMPANIES, LLC
 
       
 
  By:   /s/ Kenneth V. Huseman
 
       
 
  Name:   Kenneth V. Huseman
 
  Title:   President
 
            MAVERICK SOLUTIONS, LLC
 
       
 
  By:   /s/ Kenneth V. Huseman
 
       
 
  Name:   Kenneth V. Huseman
 
  Title:   President
 
            MSM LEASING, LLC
 
       
 
  By:   /s/ Kenneth V. Huseman
 
       
 
  Name:   Kenneth V. Huseman
 
  Title:   President

Signature Page to First Supplemental Indenture

 

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              EXISTING GUARANTORS:
 
            ACID SERVICES, LLC     ADMIRAL WELL SERVICE, INC.     BASIC ENERGY
SERVICES GP, LLC       By: BASIC ENERGY SERVICES,               INC., its sole
Member     BASIC ENERGY SERVICES, L.P.       By: BASIC ENERGY SERVICES GP,    
          LLC, its General Partner       By: BASIC ENERGY SERVICES,    
          INC., its sole Member     BASIC ESA, INC.     BASIC MARINE SERVICES,
INC.     CHAPARRAL SERVICE, INC.     FIRST ENERGY SERVICES COMPANY     GLOBE
WELL SERVICE, INC.     HENNESSEY RENTAL TOOLS, INC.     JETSTAR ENERGY SERVICES,
INC.     JETSTAR HOLDINGS, INC.     JS ACQUISITION LLC     LEBUS OIL FIELD
SERVICE CO.     OILWELL FRACTURING SERVICES, INC.     PERMIAN PLAZA, LLC    
PLATINUM PRESSURE SERVICES, INC.     SCH DISPOSAL, L.L.C.     SLEDGE DRILLING
CORP.     WILDHORSE SERVICES, INC.     XTERRA FISHING & RENTAL TOOLS CO.
 
       
 
  By:   /s/ Kenneth V. Huseman
 
       
 
  Name:   Kenneth V. Huseman
 
  Title:   President

Signature Page to First Supplemental Indenture

 

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              TAYLOR INDUSTRIES, LLC
 
       
 
  By:   /s/ Kenneth V. Huseman
 
       
 
  Name:   Kenneth V. Huseman
 
  Title:   Chief Executive Officer

Signature Page to First Supplemental Indenture

 

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              BASIC ENERGY SERVICES LP, LLC
 
       
 
  By:   /s/ Jerry Tufly
 
       
 
  Name:   Jerry Tufly
 
  Title:   President

Signature Page to First Supplemental Indenture

 

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              WELLS FARGO BANK, N.A., as Trustee
 
       
 
  By:   /s/ John C. Stohlmann
 
       
 
  Name:   John C. Stohlmann
 
  Title:   Vice President

Signature Page to First Supplemental Indenture