EX-10.2


 Exhibit 10.2 

July 15, 2016 
 FROM: The
Agent and the Required Lenders 
  

	TO:	C&J Energy Services Ltd. and the undersigned Loan Parties 

 3990 Rogerdale 

Houston, TX 77042 

Attn: Danielle Hunter 
  

	Re:	Amendment and Extension of Forbearance Period Under Second Forbearance 

 Ladies and Gentlemen: 

This letter agreement (this “Agreement”) is made with respect to that certain Second Forbearance Agreement, dated as of June
30, 2016, entered into by and between C&J Energy Services Ltd. (“Parent”), CJ Lux Holdings S.à r.l., a Luxembourg private limited liability company (société à responsabilité limitée),
having its registered office at 15, rue Edward Steichen, L-2540 Luxembourg, having a share capital of $2,000,000 and registered with the Luxembourg Register of Commerce and Companies under number B190.857 (“Luxembourg Borrower”), CJ
Holding Co. (“U.S. Borrower” and, together with Parent and Luxembourg Borrower, the “Borrowers”), certain other Loan Parties identified on the signature pages thereto, Cortland Capital Market Services LLC, in
its capacity as successor Administrative Agent to Bank of America, N.A. under the Credit Agreement (as defined herein) (in such capacity, the “Agent”) and the lenders appearing on the signature pages thereto (as amended, modified,
supplemented or replaced from time to time, the “Second Forbearance”).1 

Pursuant to Section 3(b) of the Second Forbearance, the Forbearance Period shall terminate immediately and automatically upon the
earliest to occur of (i) July 17, 2016, at 11:59 p.m. New York time and (ii) the occurrence of a Forbearance Termination Event. 

The Loan Parties, the Agent and the Required Lenders desire to enter into this Agreement to extend the date by which the Forbearance Period
shall terminate to the earliest of (i) July 20, 2016 at 11:59 p.m. New York time and (ii) the occurrence of a Forbearance Termination Event. 

Now, therefore, in consideration of the mutual agreements contained herein and other good and valuable consideration, the sufficiency and
receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree that Section 3(b) of the Second Forbearance shall be amended to replace the words “July 17, 2016, at 11:59 p.m. New York
time” with “July 20, 2016 at 11:59 p.m. New York time”. 
 Except as otherwise provided herein, all of the terms of the First
Limited Waiver, First Forbearance and Second Forbearance shall continue in full force and effect. This Agreement shall be deemed to be a Loan Document. 
  

 

	1 	Capitalized terms used in this Agreement and not defined herein shall have the meanings ascribed thereto in the Second Forbearance. 







 This Agreement may be executed in multiple counterparts. It shall not be necessary that the
signature of, or on behalf of, each party, or that the signature of all persons required to bind any party, appear on each counterpart. All counterparts shall collectively constitute a single document. Any signature page to any counterpart
may be detached from such counterpart without impairing the legal effect of the signatures thereon and thereafter attached to another counterpart identical thereto except having attached to it additional signature pages. 

Please acknowledge your agreement with the terms hereof by executing this Agreement in the spaces provided below.

[Remainder of page intentionally left blank] 






 
			
	Very truly yours,
	
	CORTLAND CAPITAL MARKET SERVICES LLC, as Agent and on behalf of the Consenting Lenders
		
	By:	 	 /s/ Polina Arsentyeva

	Name:	 	Polina Arsentyeva
	Title:	 	Associate Counsel








 
					
	Acknowledged and Agreed:
	
	C&J ENERGY PRODUCTION SERVICES-CANADA LTD. (formerly Nabors Production Services Ltd.)
	C&J ENERGY SERVICES LTD.
	C&J ENERGY SERVICES, INC.
	C&J SPEC-RENT SERVICES, INC.
	C&J WELL SERVICES, INC. (formerly Nabors Completion & Production Services Co.)
	CJ HOLDING CO.
		
	By:	 	 /s/ Danielle Hunter

		 	Name:	 	Danielle Hunter
		 	Title:	 	Executive Vice President, General Counsel, Chief Risk Officer
	
	BLUE RIBBON TECHNOLOGY, INC.
	C&J VLC, LLC
	KVS TRANSPORTATION, INC.
	MOBILE DATA TECHNOLOGIES LTD.
	TOTAL E&S, INC.
		
	By:	 	 /s/ Danielle Hunter

		 	Name:	 	Danielle Hunter
		 	Title:	 	Executive Vice President, General Counsel, Chief Risk Officer
	
	ESP COMPLETION TECHNOLOGIES LLC
	TELLUS OILFIELD INC.
	TIGER CASED HOLE SERVICES, INC.
		
	By:	 	 /s/ Danielle Hunter

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








 
					
	C&J CORPORATE SERVICES (BERMUDA) LTD.
		
	By:	 	 /s/ Danielle Hunter

		 	Name:	 	Danielle Hunter
		 	Title:	 	Director
	
	CJ LUX HOLDINGS S.À R.L.
	PENNY GLOBAL HOLDINGS S.À R.L.
	PENNY GLOBAL LEASING S.À R.L.
	PENNY LUXEMBOURG FINANCING S.À R.L.
	PENNY TECHNOLOGIES S.À R.L.
		
	By:	 	 /s/ Danielle Hunter

		 	Name:	 	Danielle Hunter
		 	Title:	 	Type A Manager
		
		 	COPPER IRELAND FINANCING I LTD.
		 	COPPER IRELAND FINANCING II LTD.
		
	By:	 	 /s/ Danielle Hunter

		 	Name:	 	Danielle Hunter
		 	Title:	 	Director
		
		 	C&J INTERNATIONAL B.V.
		
	By:	 	 /s/ Danielle Hunter

		 	Name:	 	Danielle Hunter
		 	Title:	 	Managing Director A
		
		 	C&J INTERNATIONAL MIDDLE EAST FZCO
		
	By:	 	 /s/ Angus Fraser

		 	Name:	 	Angus Fraser
		 	Title:	 	General Manager