EX-10.1



 Exhibit 10.1 

EXECUTION COPY 

SECOND AMENDMENT TO 

TERM LOAN CREDIT AGREEMENT 

THIS SECOND AMENDMENT TO TERM LOAN CREDIT AGREEMENT (this “Amendment”) is entered into as of September 22, 2016, by and
among the Required Lenders (as defined in the Credit Agreement referred to below) and NUVERRA ENVIRONMENTAL SOLUTIONS, INC., a Delaware corporation (“Borrower”). 

WHEREAS, Borrower, Wilmington Savings Fund Society, FSB, as Administrative Agent (“Agent”), and Lenders are parties to that
certain Term Loan Credit Agreement dated as of April 15, 2016 (as amended, restated, modified or supplemented from time to time, the “Credit Agreement”); 

WHEREAS, the Required 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 5 below, and subject to the satisfaction of the conditions to effectiveness set forth in Section 4 below, the Credit Agreement is hereby amended as follows: 

(a) Section 6.15 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

6.15. Compensation. Borrower will not, and will not permit any of its Subsidiaries to pay or otherwise compensate Mark D.
Johnsrud (including in the form of a salary, or a bonus award or other incentive compensation, and regardless of whether such compensation is paid in cash or in kind) in his capacity as chief executive officer of the Borrower or otherwise, except
that, beginning on September 22, 2016, Borrower and/or its Subsidiaries may, in the aggregate, award Mark D. Johnsrud an annual salary not exceeding $700,000. 

3. 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. 







 4. 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. 
 5. 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. 
 6. 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. 

  
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 (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. 

(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. 
 7. 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, 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, 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/ Joseph M. Crabb

	Name: Joseph M. Crabb
	Title: Executive Vice President



  
 Signature Page to Second Amendment
to Term Loan Credit Agreement 








 
			
	 ASCRIBE II INVESTMENTS LLC, as a Lender

		
	By:	 	 /s/ Lawrence First

	 Name: Lawrence First

	 Title: Managing Director



  

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

	Name: Lawrence First
	Title: Managing Director



  
 Signature Page to Second Amendment
to Term Loan Credit Agreement 








 
			
	ECF VALUE FUND, LP, as a Lender
		
	 By:
	 	 /s/ Jeffrey Gates

	 Name: Jeffrey Gates

	 Title: Managing Partner




  
 Signature Page to Second Amendment
to Term Loan Credit Agreement 








 
			
	ECF VALUE FUND II, LP, as a Lender
		
	By:	 	 /s/ Jeffrey Gates

	Name: Jeffrey Gates
	Title: Managing Partner



  
 Signature Page to Second Amendment
to Term Loan Credit Agreement 








 
			
	ECF VALUE FUND INTERNATIONAL MASTER, LP, as a Lender
		
	 By:
	 	 /s/ Jeffrey Gates

	 Name: Jeffrey Gates

	 Title: Managing Partner




  
 Signature Page to Second Amendment
to Term Loan Credit Agreement 








 
			
	Acknowledged by:
	
	WILMINGTON SAVINGS FUND SOCIETY, FSB as Administrative Agent
		
	By:	 	 /s/ Geoffrey J. Lewis

	Name: Geoffrey J. Lewis
	Title: Vice President



  
 Signature Page to Second Amendment
to Term Loan Credit Agreement 








 EXECUTION COPY 

CONSENT AND REAFFIRMATION 

Each of the undersigned (each a “Guarantor”) hereby (i) acknowledges receipt of a copy of the foregoing Second Amendment
to Term Loan 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 8 of the foregoing Second Amendment to Term Loan 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/ Joseph M. Crabb

	Name: Joseph M. Crabb
	Title: Vice President and Secretary


  

			
	HECKMANN WATER RESOURCES (CVR), INC.
		
	By:	 	 /s/ Joseph M. Crabb

	Name: Joseph M. Crabb
	Title: Vice President and Secretary


  

			
	1960 WELL SERVICES, LLC
		
	By:	 	 /s/ Joseph M. Crabb

	Name: Joseph M. Crabb
	Title: Vice President and Secretary









 
			
	 HEK WATER SOLUTIONS, LLC

		
	 By:
	 	 /s/ Joseph M. Crabb

	 Name: Joseph M. Crabb

	 Title: Vice President and Secretary



  

			
	 APPALACHIAN WATER SERVICES, LLC

		
	 By:
	 	 /s/ Joseph M. Crabb

	 Name: Joseph M. Crabb

	 Title: Vice President and Secretary



  

			
	BADLANDS POWER FUELS, LLC, a Delaware limited liability company
		
	 By:
	 	 /s/ Joseph M. Crabb

	 Name: Joseph M. Crabb

	 Title: Vice President and Secretary



  

			
	BADLANDS POWER FUELS, LLC, a North Dakota limited liability company
		
	 By:
	 	 /s/ Joseph M. Crabb

	 Name: Joseph M. Crabb

	 Title: Vice President and Secretary



  

			
	 LANDTECH ENTERPRISES, L.L.C.

		
	 By:
	 	 /s/ Joseph M. Crabb

	 Name: Joseph M. Crabb

	 Title: Vice President and Secretary




  
 Signature Page to Second Amendment
to Term Loan Credit Agreement 








 
			
	 BADLANDS LEASING, LLC

		
	 By:
	 	 /s/ Joseph M. Crabb

	 Name: Joseph M. Crabb

	 Title: Vice President and Secretary



  

			
	 IDEAL OILFIELD DISPOSAL, LLC

		
	 By:
	 	 /s/ Joseph M. Crabb

	 Name: Joseph M. Crabb

	 Title: Vice President and Secretary



  

			
	 NUVERRA TOTAL SOLUTIONS, LLC

		
	 By:
	 	 /s/ Joseph M. Crabb

	 Name: Joseph M. Crabb

	 Title: Vice President and Secretary



  

			
	 NES WATER SOLUTIONS, LLC

		
	 By:
	 	 /s/ Joseph M. Crabb

	 Name: Joseph M. Crabb

	 Title: Vice President and Secretary



  

			
	HECKMANN WOODS CROSS, LLC
		
	By:	 	 /s/ Joseph M. Crabb

	Name: Joseph M. Crabb
	Title: Vice President and Secretary



  
 Signature Page to Second Amendment
to Term Loan Credit Agreement