EXHIBIT 10.10
 
  
     
    
    State and Local Taxes
    
    Federal Excise Tax (FET)
    
    Federal Highway Use Tax (FHUT)
    
    State Highway Use and Fuel Taxes
    
    Property Taxes
 Sales Tax and Federal Excise Tax
  Federal Highway Use Tax (FHUT)
  Other Taxes




---



##### 



Payments
 Note:
 Automated
Truck Payment (ATP) save you time. voided Note:
  Sincerely,/s/ Susan F. FarmerSusan F. FarmerContract Administrator

(940) 484-8100 PACCAR Financial Corp.
1700 Woodbrook St Denton, TX 76205 Phone: (940) 484-8100 / Fax:
(940) 484-8160
 Temporary Coupon
 No.
    
    Account Number
    
    Due Date
    
    Amount Due
    
    Installment1
    
    900-651-600-00006068985
    
    Nov 6,10
    
    $9,381.11
    
    Loan CreditFrancis Drilling
Fluids Ltd 

IF YOU HAVE ANY QUESTIONS CALL: (940) 484-8100
    
    LATE CHARGES 

ADDITIONAL PAYMENT
    
    
    
    FOR PROPER CREDIT RETURN THIS COUPON WITH YOUR PAYMENTTOTAL PAYMENT
 PACCAR Financial Corp. 
PO Box 530491
Atlanta, GA 30353-0491
    
    (PACCAR LOGO)
 90065160000006068985 15801 000938111




---



##### 



Account Information:
 Account Number
    
    Equipment
    
    Due Date900-651-600-00006068985
    
    Peterbilt VIN: 1XPWDU9X2BD126800
    
    Nov 6, 10900-651 -600-00006068985
    
    Peterbilt VIN: 1XPWDU9X4BD126801
    
    Nov 6,10900-651-600-00006068985
    
    Peterbilt VIN: 1XPWDU9X6BD126797
    
    Nov 6,10900-651-600-00006068985
    
    Peterbilt VIN: 1XPWDU9X8BD126798
    
    Nov 6,10900-651-600-00006068985
    
    Peterbilt VIN: 1XPWDU9XXBD126799
    
    Nov 6, 10




---



##### 



(PACCAR LOGO)
    
    EQUIPMENT LEASE AGREEMENTSCHEDULE A: RENTAL PAYMENTS
 PACCAR Financial Corp. Francis Drilling Fluids, Ltd.
 COMMENCEMENT DATE:
    
    TERM OF LEASE(NO. OF MONTHS):
    
    LOCATION OF THE EQUIPMENT:October 6, 2010
    
    60
    
    240 Jasmine Road Crowley, LA 70526STATE OF JURISDICTION:
    
    STATE TITLING EQUIPMENT:
    
    BASE PLATE REGISTRATION (STATE,
COUNTY, CITY):Louisiana
    
    Louisiana
    
    Louisiana, Acadia, Crowley
 DESCRIPTION OF EQUIPMENTVEHICLE IDENTIFICATION
    
    
    TAXABLE
    
    
    SCHEDULE A
    
    
    MONTHLYYEAR
    
    MAKE
    
    
    MODEL
    
    
    NUMBER
    
    
    GROSS WEIGHT
    
    
    VALUE
    
    
    RENTAL PMT2011
    
    Peterbilt
    
    
    388
    
    
    
    1XPWDU9X6BD126797
    
    
    
    80000
    
    
    $
    109,856.00
    
    
    $
    1,733.232011
    
    Peterbilt
    
    
    388
    
    
    
    1XPWDU9X8BD126798
    
    
    
    80000
    
    
    
    109.856.00
    
    
    
    1,733.232011
    
    Peterbilt
    
    
    388
    
    
    
    1XPWDU9XXBD126799
    
    
    
    80000
    
    
    
    109,856.00
    
    
    
    1,733.232011
    
    Peterbilt
    
    
    388
    
    
    
    1XPWDU9X2BD126800
    
    
    
    80000
    
    
    
    109,856.00
    
    
    
    1,733.232011
    
    Peterbilt
    
    
    388
    
    
    
    1XPWDU9X4BD126801
    
    
    
    80000
    
    
    
    109,856.00
    
    
    
    1,733.23
 
 *
    
    The reported taxable gross weight must be no more than the highest gross weight declared for any purpose including registering a vehicle in a state. MONTHLY RENTALS1. Schedule A Value (Total Equipment Cost)
    
    
    
    
    
    $
    549,280.002. Adjustments
    
    
    
    
    
    
    0.003. Adjusted Schedule A Value
    
    
    
    
    
    
    549,280.004. Base Monthly Value
    
    
    
    
    
    
    8,666.155. Tax AdditionsState Louisiana
    
    
    4.0000
    %
    
    
    346.65County Acadia
    
    
    4.2500
    %
    
    
    368.31City Crowley
    
    
    0.0000
    %
    
    
    0.00ICC
#

(If exempt from state & local taxes)6. Total Monthly Rentals
    
    
    
    
    
    $
    9,381.11AMOUNT DUE AT DELIVERY1. Advance Rentals
1 @ $9,381.11
    
    
    
    
    
    $
    9,381.112. Security Deposit (refundable)
    
    
    
    
    
    
    0.003. Interim Rent (Extra Days)
    
    
    
    
    
    
    0.004. License, Title, UCC & Registration
    
    
    
    
    
    
    0.005. Other n/a
    
    
    
    
    
    
    0.006. Document Preparation Fee
    
    
    
    
    
    
    0.007. Total Amount Due at Delivery
    
    
    
    
    
    $
    9,381.11Advance rental payment and interim rent are due at delivery,
thereafter monthly rental payments are due on the same day
of each month beginning November 6, 2010.
 LESSOR:
PACCAR Financial Corp.
    
    
    
    LESSEE: Francis Drilling Fluids, Ltd.BY:
    
    /s/ Kimberly Slater
    
    
    
    BY:
    
    /s/ Michael FrancisMichael FrancisTITLE:
    
    
    
    
    
    TITLE: PresidentDATE October 6, 2010
    
    
    
    
    
    DATE October 6, 2010




---



##### 



(PACCAR LOGO)
    
    TERMINAL RENTAL ADJUSTMENT CLAUSE
 PACCAR Financial Corp. Drilling Fluids, Ltd.
 DESCRIPTION OF EQUIPMENTYEAR
    
    MAKE
    
    
    MODEL
    
    
    VEHICLE IDENTIFICATION NUMBER
    
    
    TRAC VALUE2011
    
    Peterbilt
    

    388
    
    

    1XPWDU9X6BD126797
    
    
    $
    21,971.202011
    
    Peterbilt
    
    388
    
    

    1XPWDU9X8BD126798
    
    
    
    21,971.202011
    
    Peterbilt
    

    388
    
    

    1XPWDU9XXBD126799
    
    
    
    21,971.202011
    
    Peterbilt
    

    388
    
    

    1XPWDU9X2BD126800
    
    
    
    21,971.202011
    
    Peterbilt
    
    388

    
    

    1XPWDU9X4BD126801
    
    
    
    21,971.20
   LESSOR:
PACCAR Financial Corp.
    
    
    
    LESSEE:
Francis Drilling Fluids, Ltd.BY:
    
    
    
    
    
    BY:
    
    /s/ Michael FrancisMichael FrancisTITLE:
    
    
    
    
    
    TITLE: PresidentDATE: October 6, 2010
    
    
    
    
    
    DATE: October 6, 2010
 REQUIRED STATEMENT BY LESSEE:
  (i)
    
    Lessee intends that more than 50% of the use of the Equipment subject to this Modified
TRAC Supplement is to be used in a trade or business of the Lessee, and(ii)
    
    Lessee has been advised, and Lessee understands and agrees that Lessee will not be
treated as the owner of the Equipment identified above for Federal Income Tax purposes.
 LESSEE: Francis Drilling Fluids, Ltd.BY:
    /s/ Michael Francis




---



##### 



(PACCAR LOGO)
    
    CASUALTY AND
TERMINATION SCHEDULE
 PACCAR Financial Corp. Francis Drilling Fluids,
 Period
    
    Date
    
    
    Percentage1
    
    
    11/6/10
    
    
    
    100.282
    
    
    12/6/10
    
    
    
    99.513
    
    
    1/6/11
    
    
    
    98.564
    
    
    2/6/11
    
    
    
    97.535
    
    
    3/6/11
    
    
    
    96.486
    
    
    4/6/11
    
    
    
    95.427
    
    
    5/6/11
    
    
    
    94.358
    
    
    6/6/11
    
    
    
    93.269
    
    
    7/6/11
    
    
    
    92.1610
    
    
    8/6/11
    
    
    
    91.0411
    
    
    9/6/11
    
    
    
    89.9112
    
    
    10/6/11
    
    
    
    88.7613
    
    
    11/6/11
    
    
    
    87.5914
    
    
    12/6/11
    
    
    
    86.4215
    
    
    1/6/12
    
    
    
    85.2216
    
    
    2/6/12
    
    
    
    84.0217
    
    
    3/6/12
    
    
    
    82.7918
    
    
    4/6/12
    
    
    
    81.5519
    
    
    5/6/12
    
    
    
    80.3120
    
    
    6/6/12
    
    
    
    79.0521
    
    
    7/6/12
    
    
    
    77.7922
    
    
    8/6/12
    
    
    
    76.5223
    
    
    9/6/12
    
    
    
    75.2324
    
    
    10/6/12
    
    
    
    73.9425
    
    
    11/6/12
    
    
    
    72.6326
    
    
    12/6/12
    
    
    
    71.3027
    
    
    1/6/13
    
    
    
    69.9828
    
    
    2/6/13
    
    
    
    68.6329
    
    
    3/6/13
    
    
    
    67.2730
    
    
    4/6/13
    
    
    
    65.9031
    
    
    5/6/13
    
    
    
    64.5232
    
    
    6/6/13
    
    
    
    63.1333
    
    
    7/6/13
    
    
    
    61.7434
    
    
    8/6/13
    
    
    
    60.3335
    
    
    9/6/13
    
    
    
    58.9036
    
    
    10/6/13
    
    
    
    57.4837
    
    
    11/6/13
    
    
    
    56.0338
    
    
    12/6/13
    
    
    
    54.5839
    
    
    1/6/14
    
    
    
    53.1240
    
    
    2/6/14
    
    
    
    51.6441
    
    
    3/6/14
    
    
    
    50.1542
    
    
    4/6/14
    
    
    
    48.6443
    
    
    5/6/14
    
    
    
    47.1344
    
    
    6/6/14
    
    
    
    45.6145
    
    
    7/6/14
    
    
    
    44.0846
    
    
    8/6/14
    
    
    
    42.5447
    
    
    9/6/14
    
    
    
    40.9948
    
    
    10/6/14
    
    
    
    39.4349
    
    
    11/6/14
    
    
    
    37.8650
    
    
    12/6/14
    
    
    
    36.2751
    
    
    1/6/15
    
    
    
    34.6952
    
    
    2/6/15
    
    
    
    33.0853
    
    
    3/6/15
    
    
    
    31.4654
    
    
    4/6/15
    
    
    
    29.8355
    
    
    5/6/15
    
    
    
    28.2056
    
    
    6/6/15
    
    
    
    26.5757
    
    
    7/6/15
    
    
    
    24.9558
    
    
    8/6/15
    
    
    
    23.3059
    
    
    9/6/15
    
    
    
    21.6560
    
    
    10/6/15
    
    
    
    20.00
 LESSOR: PACCAR Financial Corp.
    
    
    

    LESSEE: Francis Drilling Fluids, Ltd.BY:
    
    /s/ Kimberly Slater
    
    
    
    BY:
    
    /s/ Michael FrancisMichael FrancisTITLE:
    
    
    
    
    
    TITLE: PresidentDATE: October 6, 2010
    
    
    
    
    
    DATE: October 6, 2010




---



##### 



(LOGO)EQUIPMENT ACCEPTANCE ACKNOWLEDGMENT
 PACCAR Financial Corp Francis Drilling Fluids, Ltd.
 1.
    
    The Equipment leased under the above Equipment Lease Agreement
and the Schedule A
dated October 6, 2010(a) has been delivered to and, as of this date, is unconditionally accepted by the Lessee;(b) is in good condition (operating and otherwise) and repair;(c) is in full compliance with the terms of said Agreement;(d) is marked to show Lessors interest in the manner requested by the Lessor.2.
    
    Unless otherwise specified on any Schedule(s) the Commencement Date under any
Schedule(s) is, and the obligation of the Lessee to pay rental with respect to said
Equipment commences on, the date of this Acknowledgment.3.
    
    In the event that the Lessee shall at any time hereafter have any problems with said
Equipment, it will look solely to the manufacturer for satisfaction and will nevertheless
continue to pay rentals to Lessor free of any setoff, counterclaim or defense.
  Accepted as of this sixth day of October, 2010
 LESSEE:  Francis Drilling
Fluids, Ltd.By:
    /s/ Michael FrancisMichael FrancisTITLE:
President




---



##### 



(PACCAR FINANCIAL LOGO)
    
    REQUEST FOR LEASE INSURANCE CERTIFICATION
 TO: INSURANCE COMPANY OR AGENT
    
    
    
    FROM: LESSEENAME:     Louisiana Companies
    
    
    
    NAME:     Francis Drilling Fluids, Ltd.ADDRESS:     2201 West Congress Blvd.
    
    
    
    ADDRESS:     240 Jasmine RoadCITY, STATE, ZIP:     Lafayette, LA 70506
    
    
    
    CITY, STATE, ZIP:     Crowley, LA 70526AGENT:     Annette Latiolais
    
    PHONE NUMBER:     337-233-3932
  þ LIABILITY*
    
    þ PHYSICAL DAMAGE
    
    o POLLUTION LIABILITY *$1,000,000 minimum combined
single limits per occurrence.
    
    $5,000 maximum deductible,
comprehensive (or C.A.C.) and
collision.
    
    $  minimum
for transportation of
hazardous materials.EXCEPTION:
    
    EXCEPTION:           7,500
    
    EXCEPTION:
 
 
 PACCAR Financial Corp.
 COMMENCEMENT
    
    
    
    
    
    
    
    VEHICLE INDENTIFICATION
    
    TERMDATE
    
    YEAR
    
    MAKE
    
    MODEL
    
    NUMBER
    
    (YEARS)10/6/2010
    
    2011
    
    Peterbilt
    
    388
    
    1XPWDU9X6BD126797
    
    5.0010/6/2010
    
    2011
    
    Peterbilt
    
    388
    
    1XPWDU9X8BD126798
    
    5.0010/6/2010
    
    2011
    
    Peterbilt
    
    388
    
    1XPWDU9XXBD126799
    
    5.0010/6/2010
    
    2011
    
    Peterbilt
    
    388
    
    1XPWDU9X2BD126800
    
    5.0010/6/2010
    
    2011
    
    Peterbilt
    
    388
    
    1XPWDU9X4BD126801
    
    5.00
    PACCAR Financial Corp.

    BY:
    /s/ Michael FrancisMichael FrancisADDRESS:     P.O. Box 2374
    
    TITLE:     PresidentCITY, STATE, ZIP:     Denton, TX 76202
    
    DATE:     October 6, 2010FAX:     (425) 468-8561