EX-10.1



 Exhibit 10.1 

TENTH AMENDMENT TO 

AMENDED AND RESTATED CREDIT AGREEMENT 

THIS TENTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is entered into as of September 29,
2016, by and among WELLS FARGO BANK, NATIONAL ASSOCIATION, as agent (“Agent”) for the Lenders (as defined in the Credit Agreement referred to below), the Lenders party hereto, and NUVERRA ENVIRONMENTAL SOLUTIONS, INC., a Delaware
corporation (“Borrower”). 
 WHEREAS, Borrower, Agent, and Lenders are parties to that certain Amended and Restated Credit
Agreement dated as of February 3, 2014 (as amended, restated, modified or supplemented from time to time, the Credit Agreement”); 

WHEREAS, Agent, Lenders and Borrower have agreed to amend the Credit Agreement in certain respects. 

NOW THEREFORE, in consideration of the premises and mutual agreements herein contained, the parties hereto agree as follows: 

1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein and not otherwise defined shall have the meanings
ascribed to such terms in the Credit Agreement. 
 2. Amendments to Credit Agreement. In reliance upon the representations and
warranties of Borrower set forth in Section 6 below, and subject to the satisfaction of the conditions to effectiveness set forth in Section 5 below, the Credit Agreement is hereby amended as follows: 

(a) Section 6.14 of the Credit Agreement is hereby amended to replace the reference to “September 30, 2016” with “October
14, 2016” in lieu thereof. 
 (b) Schedule 1.1 of the Credit Agreement is hereby amended to amend and restate the following definitions
in their entirety to read as follows: 
 “Applicable Margin” means, as of any date of determination and with
respect to Base Rate Loans or LIBOR Rate Loans, as applicable, the applicable margin set forth in the following table that corresponds to the Average Excess Availability (without giving effect to any Interest Payment Reserves, Appraisal Reserves or
Permitted Disposition Reserves) of Borrower for the most recently completed month: 








							
	 Level
	  	 Average Excess
Availability
	  	 Applicable Margin Relative to Base Rate
Loans
(the “Base Rate Margin”)
	  	 Applicable Margin Relative to LIBOR
Rate
Loans (the “LIBOR Rate Margin”)

				
	 I
	  	> $40,000,000	  	4.00 percentage points	  	5.00 percentage points
				
	 II
	  	< $40,000,000 and > $20,000,000	  	4.25 percentage points	  	5.25 percentage points
				
	 III
	  	< $20,000,000	  	4.50 percentage points	  	5.50 percentage points

 The Applicable Margin shall be re-determined as of the first day of each calendar month of
Borrower. 
 “Applicable Unused Line Fee Percentage” means 1.00 percentage points. 

3. Waiver; Effectiveness of the Amendment; Continuing Effect. Except as expressly set forth in Section 2, nothing in this
Amendment shall constitute a modification or alteration of the terms, conditions or covenants of the Credit Agreement or any other Loan Document, or a waiver of any other terms or provisions thereof, and the Credit Agreement and the other Loan
Documents shall remain unchanged and shall continue in full force and effect, in each case as amended hereby. This Amendment is a Loan Document. 

4. Reaffirmation and Confirmation. Borrower hereby ratifies, affirms, acknowledges and agrees that the Credit Agreement and the other
Loan Documents to which it is a party represent the valid, enforceable and collectible obligations of Borrower, and further acknowledges that there are no existing claims, defenses, personal or otherwise, or rights of setoff whatsoever with respect
to the Credit Agreement or any other Loan Document. Borrower hereby agrees that this Amendment in no way acts as a release or relinquishment of the Liens and rights securing payments of the Obligations. The Liens and rights securing payment of the
Obligations are hereby ratified and confirmed by Borrower in all respects. 
 5. Conditions to Effectiveness of Effective Date
Amendments. The Amendments set forth in Section 2 shall become effective upon the satisfaction of each of the following conditions precedent, in each case satisfactory to Agent in all respects (the “Effective Date”):

 (a) Agent shall have received a copy of this Amendment executed and delivered by Agent, the Lenders party hereto, and the Loan Parties;
and 
 (b) after giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing on the date hereof or
as of the Effective Date. 

  
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 6. Representations and Warranties. In order to induce Agent and Lenders to enter into this
Amendment, Borrower hereby represents and warrants to Agent and Lenders that: 
 (a) after giving effect to this Amendment, all
representations and warranties contained in the Loan Documents to which Borrower is a party are true, correct and complete in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties
that already are qualified or modified by materiality in the text thereof) on and as of the date of this Amendment, as though made on and as of such date (except to the extent that such representations and warranties relate solely to an earlier
date, in which case such representations and warranties shall be true, correct and complete in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or
modified by materiality in the text thereof) on and as of such earlier date); 
 (b) after giving effect to this Amendment, no Default or
Event of Default has occurred and is continuing; and 
 (c) this Amendment and the Loan Documents, as amended hereby, constitute legal,
valid and binding obligations of Borrower and are enforceable against Borrower in accordance with their respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium or
similar laws relating to or limiting creditors’ rights generally. 
 7. Reserved. 

8. Miscellaneous. 
 (a)
Expenses. Borrower agrees to pay on demand all reasonable out-of-pocket costs and expenses of Agent (including reasonable attorneys’ fees) incurred in connection with the preparation, negotiation, execution, delivery and administration
of this Amendment and all other instruments or documents provided for herein or delivered or to be delivered hereunder or in connection herewith. All obligations provided herein shall survive any termination of this Amendment and the Credit
Agreement as amended hereby. 
 (b) Choice of Law and Venue; Jury Trial Waiver; Reference Provision. Without limiting the
applicability of any other provision of the Credit Agreement or any other Loan Document, the terms and provisions set forth in Section 12 of the Credit Agreement are expressly incorporated herein by reference. 

(c) Counterparts. This Amendment may be executed in any number of counterparts, and by the parties hereto on the same or separate
counterparts, and each such counterpart, when executed and delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment. Delivery of an executed counterpart of this Amendment by
telefacsimile or other electronic method of transmission shall be equally effective as delivery of an original executed counterpart of this Agreement. 

  
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 (d) Severability. Each provision of this Amendment shall be severable from every other
provision of this Amendment for the purpose of determining the legal enforceability of any specific provision. 
 9. Release. 

(a) In consideration of the agreements of Agent and Lenders contained herein and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, each of Borrower and each Guarantor that executes a Consent and Reaffirmation to this Amendment, on behalf of itself and its successors, assigns, and other legal representatives (Borrower, each Guarantor
and all such other Persons being hereinafter referred to collectively as the “Releasors” and individually as a “Releasor”), hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges
Agent, Issuing Bank and Lenders, and their successors and assigns, and their present and former shareholders, Affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (Agent,
Issuing Bank, each Lender and all such other Persons being hereinafter referred to collectively as the “Releasees” and individually as a “Releasee”), of and from all demands, actions, causes of action, suits,
covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities
whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which any Releasor may now or hereafter own, hold,
have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment, in any way related to or in
connection with the Credit Agreement, or any of the other Loan Documents or transactions thereunder or related thereto. 
 (b) Each of
Borrower and each Guarantor that executes a Consent and Reaffirmation to this Amendment understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction
against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. 

(c) Each of Borrower and each Guarantor that executes a Consent and Reaffirmation to this Amendment agrees that no fact, event, circumstance,
evidence or transaction which could now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above. 

[Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized and delivered as of the date first above written. 
  

					
	NUVERRA ENVIRONMENTAL SOLUTIONS, INC., as Borrower
		
	By:	 	     /s/ Mark Johnsrud

	 Name: Mark Johnsrud
 Title:
  CEO




  
 Signature Page to Tenth Amendment to
Amended and Restated Credit Agreement 








 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent and as a Lender
		
	By:	 	     /s/ Zachary S. Buchanan

	 Name: Zachary S. Buchanan
 Title:
  Authorized Signatory




  
 Signature Page to Tenth Amendment to
Amended and Restated Credit Agreement 








 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	     /s/ Lauren Trussell

	 Name: Lauren Trussell
 Title:
  Vice President




  
 Signature Page to Tenth Amendment to
Amended and Restated Credit Agreement 








 
			
	CITIZENS BANK OF PENNSYLVANIA, as a Lender
		
	By:	 	     /s/ John R. Kendrich

	 Name: John F. Kendrich
 Title:
  Officer




  
 Signature Page to Tenth Amendment to
Amended and Restated Credit Agreement 








 
			
	CAPITAL ONE BUSINESS CREDIT CORP., as a Lender
		
	By:	 	     /s/ Edward Behnen

	 Name: Edward Behnen
 Title:
  Director




  
 Signature Page to Tenth Amendment to
Amended and Restated Credit Agreement 








 
					
	ASCRIBE II INVESTMENTS, LLC, as a Lender
		
	By:	 	     /s/ Lawrence A. First

	 Name: Lawrence A. First
 Title:
  Managing Director

	
	ASCRIBE III INVESTMENTS, LLC, as a Lender
		
	By:	 	     /s/ Lawrence A. First

	 Name: Lawrence A. First
 Title:
  Managing Director




  
 Signature Page to Tenth Amendment to
Amended and Restated Credit Agreement 








 CONSENT AND REAFFIRMATION 

Each of the undersigned (each a “Guarantor”) hereby (i) acknowledges receipt of a copy of the foregoing Tenth Amendment
to Amended and Restated Credit Agreement (terms defined therein and used, but not otherwise defined, herein shall have the meanings assigned to them therein); (ii) consents to Borrower’s execution and delivery thereof; (iii) agrees to
be bound thereby, including Section 9 of the foregoing Tenth Amendment to Amended and Restated Credit Agreement; and (iv) affirms that nothing contained therein shall modify in any respect whatsoever any Loan Documents to which the
undersigned is a party and reaffirms that each such Loan Document is and shall continue to remain in full force and effect. Although each Guarantor has been informed of the matters set forth herein and has acknowledged and agreed to same, each
Guarantor understands that Agent and Lenders have no obligation to inform such Guarantor of such matters in the future or to seek such Guarantor’s acknowledgment or agreement to future consents, amendments or waivers, and nothing herein shall
create such a duty. 
  

					
	HECKMANN WATER RESOURCES CORPORATION
		
	By:	 	     /s/ Mark Johnsrud

	Name: Mark Johnsrud
	Title:   CEO
	
	HECKMANN WATER RESOURCES (CVR), INC.
		
	By:	 	     /s/ Mark Johnsrud

	Name: Mark Johnsrud
	Title:   CEO
	
	1960 WELL SERVICES, LLC
		
	By:	 	     /s/ Mark Johnsrud

	 Name: Mark Johnsrud
 Title:
  CEO










 
			
	HEK WATER SOLUTIONS, LLC
		
	By:	 	     /s/ Mark Johnsrud

	Name: Mark Johnsrud
	Title:   CEO
	
	APPALACHIAN WATER SERVICES, LLC
		
	By:	 	     /s/ Mark Johnsrud

	Name: Mark Johnsrud
	Title:   CEO
	
	BADLANDS POWER FUELS, LLC, a Delaware limited liability company
		
	By:	 	     /s/ Mark Johnsrud

	Name: Mark Johnsrud
	Title:   CEO
	
	BADLANDS POWER FUELS, LLC, a North Dakota limited liability company
		
	By:	 	     /s/ Mark Johnsrud

	Name: Mark Johnsrud
	Title:   CEO
	
	LANDTECH ENTERPRISES, L.L.C.
		
	By:	 	     /s/ Mark Johnsrud

	Name: Mark Johnsrud
	Title:   CEO



  
 Signature Page to Tenth Amendment to
Amended and Restated Credit Agreement 








 
			
	BADLANDS LEASING, LLC
		
	By:	 	     /s/ Mark Johnsrud

	 Name: Mark Johnsrud
 Title:
  CEO

	
	IDEAL OILFIELD DISPOSAL, LLC
		
	By:	 	     /s/ Mark Johnsrud

	 Name: Mark Johnsrud
 Title:
  CEO

	
	NUVERRA TOTAL SOLUTIONS, LLC
		
	By:	 	     /s/ Mark Johnsrud

	 Name: Mark Johnsrud
 Title:
  CEO

	
	NES WATER SOLUTIONS, LLC
		
	By:	 	     /s/ Mark Johnsrud

	 Name: Mark Johnsrud
 Title:
  CEO

	
	HECKMANN WOODS CROSS, LLC
		
	By:	 	     /s/ Mark Johnsrud

	Name: Mark Johnsrud
	Title:   CEO



  
 Signature Page to Tenth Amendment to
Amended and Restated Credit Agreement