EX-10.1


 Exhibit 10.1 

EXECUTION COPY 
 PNC
BANK, NATIONAL ASSOCIATION 
 2100 Ross Avenue, Suite 1850 

Dallas, Texas 75201 

March 16, 2017 
 CJ Holding Co. 

3990 Rogerdale 
 Houston, Texas 77042 

	Attention:	Mark Cashiola 


	    	Chief Financial Officer 

  

	 	Re:	Revolving Credit and Security Agreement, dated as of January 6, 2017 (as amended, supplemented, amended and restated or otherwise modified from time to time prior to the date hereof, the “Credit
Agreement”), by and among C&J Energy Services, Inc., a corporation organized under the laws of the State of Delaware (“Holdings”), CJ Holding Co., a corporation organized under the laws of the State of Delaware
(“CJ Holding”), the other Subsidiaries of Holdings from time to time party thereto as borrowers (together with Holdings and CJ Holding, collectively, the “Borrowers”), the financial institutions which are now or
which hereafter become a party thereto (collectively, the “Lenders” and individually a “Lender”) and PNC Bank, National Association, as agent for Lenders (in such capacity, the “Agent”). Capitalized
terms used herein but not defined herein shall have the same meaning as set forth in the Existing Credit Agreement. 

 Dear Mr. Cashiola:

 The Borrower, the Required Lenders and the Agent party hereto desire to amend the Credit Agreement as set forth in this letter agreement
(this “Letter Agreement”). Therefore, in consideration of the foregoing, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree
that, effective as of the date hereof, the definition of “Permitted Growth CapEx Amount” appearing in Section 1.2 of the Credit Agreement is hereby amended by deleting the reference to “$25,000,000” in the chart appearing in
such definition and inserting a reference to “$60,000,000” in its place. 
 All of the representations and warranties made by the
Borrowers in or pursuant to the Credit Agreement (after giving effect to this Letter Agreement) and the Other Documents are true and correct in all material respects (without duplication of any materiality or Material Adverse Effect qualifiers) on
and as of the date hereof as if made on and as of the date hereof (except to the extent any such representation or warranty expressly relates only to any earlier and/or specified date). 

This Letter Agreement and the actions taken hereby shall not impair, prejudice or otherwise adversely affect Agent’s rights at any time
to exercise any right, privilege or remedy in connection with any present or future Default or Event of Default with respect to the Credit Agreement or any Other Documents. No Borrower shall be entitled to rely upon any verbal statements made or
purported to be made by or on behalf of Agent in connection with any alleged agreement by Agent to refrain from exercising any of its rights. Agent and the Borrowers hereby agree that (i) this Letter Amendment shall constitute an “Other
Document” and (ii) the Credit Agreement and the Other Documents shall remain in full force and effect except as specifically modified hereby. 

  
 C&J Energy Services Letter Amendment
(First Amendment) 







 Agent expressly reserves all of its rights and remedies under the Credit Agreement and any Other
Documents and otherwise in connection with any present or future Default or Event of Default thereunder, and all of the terms and conditions of the Credit Agreement any Other Documents shall remain and continue in full force and effect except as
amended hereby. Any failure or delay by Agent in exercising any such rights and remedies shall not impair, prejudice or otherwise adversely affect Agent’s right to exercise them in the future, and shall not constitute a modification thereof or
of any of the terms and conditions of the Credit Agreement or any Other Documents. 
 Each of the undersigned hereby agrees that this Letter
Amendment may be executed in one or more counterparts, each of which when so executed, shall be deemed to be an original, but all of which, when taken together, shall constitute one and the same instrument. 

[Signature pages follow] 

  

					
	C&J Energy Services Letter Amendment (First Amendment)	 	2	  	








 
			
	Sincerely,
	
	 PNC BANK, NATIONAL ASSOCIATION,

  as Agent and a Lender

		
	By:	 	 /s/ Renae Sinclair

		 	Name: Renae Sinclair
		 	Title: Vice President


 [SIGNATURE PAGE TO LETTER
AMENDMENT (FIRST AMENDMENT)] 







					
	AGREED AND ACCEPTED AS OF THE
	  DATE FIRST ABOVE WRITTEN:
	
	 C&J ENERGY SERVICES, INC.,

  as Holdings and as a Borrower

		
	By:	 	     /s/ Danielle Hunter

		 	Name:	 	Danielle Hunter
		 	Title:	 	Executive Vice President, General Counsel Chief Risk and Compliance Officer and Corporate Secretary
	
	CJ HOLDING CO.
	BLUE RIBBON TECHNOLOGY, INC.
	C&J SPEC-RENT SERVICES, INC.
	C&J WELL SERVICES, INC.
	KVS TRANSPORTATION, INC.
	TIGER CASED HOLE SERVICES, INC.
	 TOTAL E&S INC.,

  each as a Borrower

		
	By:	 	     /s/ Danielle Hunter

		 	Name:	 	Danielle Hunter
		 	Title:	 	Executive Vice President, General Counsel and Chief Risk Officer
	
	ESP COMPLETION TECHNOLOGIES LLC, as a Borrower
		
	By:	 	     /s/ Danielle Hunter

		 	Name:	 	Danielle Hunter
		 	Title:	 	Executive Vice President and General Counsel
	
	TELLUS OILFIELD INC., as a Borrower
		
	By:	 	     /s/ Danielle Hunter

		 	Name:	 	Danielle Hunter
		 	Title:	 	Executive Vice President, General Counsel and Chief Risk Officer

 [SIGNATURE PAGE TO LETTER AMENDMENT
(FIRST AMENDMENT)]