EX-10.1



 EXHIBIT 10.1 

ASSET CONTRIBUTION AND 

SHARE SUBSCRIPTION AGREEMENT 

by and among 
 GLOBAL
ENERGY SERVICES OPERATING, LLC, 
 a Delaware limited liability company, 

INDEPENDENCE CONTRACT DRILLING LLC, 

a Delaware limited liability company, 

and 
 INDEPENDENCE
CONTRACT DRILLING, INC., 
 a Delaware corporation 

 
  

November 23, 2011 
  

 







 Table of Contents 

 

							
	1. DEFINITIONS	  	 	1	  
	 1.1
	 	 Definitions
	  	 	1	  
	 1.2
	 	 Interpretation
	  	 	4	  
		
	2. CONTRIBUTION AND ASSIGNMENT; ISSUANCE OF SHARES	  	 	5	  
	 2.1
	 	 Contribution and Assignment by GES
	  	 	5	  
	 2.2.
	 	 Contribution and Assignment by RAC
	  	 	6	  
	 2.3
	 	 Obligations Being Assumed; Liabilities Not Being Assumed
	  	 	6	  
	 2.4
	 	 Excluded Assets
	  	 	7	  
	 2.5
	 	 Issuance of Shares
	  	 	8	  
	 2.6
	 	 Further Assurances
	  	 	8	  
		
	3. CLOSING AND CLOSING DATE DELIVERABLES	  	 	8	  
	 3.1
	 	 Closing
	  	 	8	  
	 3.2
	 	 Closing Deliveries by GES
	  	 	9	  
	 3.3
	 	 Closing Deliveries by RAC
	  	 	10	  
	 3.4
	 	 Closing Deliveries by the Company
	  	 	11	  
	 3.5
	 	 Cooperation
	  	 	11	  
		
	4. REPRESENTATIONS AND WARRANTIES OF GES	  	 	12	  
	 4.1
	 	 Title to and Adequacy of GES Contributed Assets
	  	 	12	  
	 4.2
	 	 No Prior Assignment
	  	 	12	  
	 4.3
	 	 Organization; Good Standing; Qualification and Power
	  	 	12	  
	 4.4
	 	 Authorization
	  	 	12	  
	 4.5
	 	 Consents
	  	 	13	  
	 4.6
	 	 Compliance with Other Instruments
	  	 	13	  
	 4.7
	 	 Compliance with Laws; Permits
	  	 	13	  
	 4.8
	 	 Real Estate
	  	 	14	  
	 4.9
	 	 Environmental Matters
	  	 	15	  
	 4.10
	 	 Rig Contract
	  	 	17	  
	 4.11
	 	 Tax Matters
	  	 	17	  
	 4.12
	 	 Intellectual Property
	  	 	18	  
	 4.13
	 	 Litigation
	  	 	19	  
	 4.14
	 	 Insurance
	  	 	20	  
	 4.15
	 	 Financial Statements
	  	 	20	  
	 4.16
	 	 Brokers
	  	 	20	  
	 4.17
	 	 Investment Representations
	  	 	20	  
	 4.18
	 	 Corrupt Practices
	  	 	22	  
	 4.19
	 	 Assigned Contracts
	  	 	22	  
	 4.20
	 	 Employment and Labor Matters
	  	 	23	  
	 4.21
	 	 Employee Benefit Plans
	  	 	24	  
	 4.22
	 	 Transactions with Affiliates
	  	 	26	  
	 4.23
	 	 Updated Disclosure Schedules at Closing
	  	 	26	  









							
	5. REPRESENTATIONS AND WARRANTIES OF RAC	  	 	26	  
	 5.1
	 	 Title to and Adequacy of RAC Contributed Assets
	  	 	26	  
	 5.2
	 	 No Prior Assignment
	  	 	26	  
	 5.3
	 	 Organization; Good Standing; Qualification and Power
	  	 	26	  
	 5.4
	 	 Authorization
	  	 	27	  
	 5.5
	 	 Compliance with Laws
	  	 	27	  
	 5.6
	 	 Rig Contract
	  	 	27	  
	 5.7
	 	 Brokers
	  	 	27	  
	 5.8
	 	 Tax Matters
	  	 	27	  
	 5.9
	 	 Investment Representations
	  	 	28	  
		
	6. REPRESENTATIONS AND WARRANTIES OF THE COMPANY	  	 	30	  
	 6.1
	 	 Organization; Good Standing; Qualification
	  	 	30	  
	 6.2
	 	 Capitalization and Voting Rights
	  	 	30	  
	 6.3
	 	 Authorization
	  	 	31	  
	 6.4
	 	 Valid Issuance of Shares
	  	 	31	  
	 6.5
	 	 Intentionally Deleted
	  	 	31	  
	 6.6
	 	 Consents
	  	 	31	  
	 6.7
	 	 Intentionally Deleted
	  	 	32	  
	 6.8
	 	 Transactions with Affiliates
	  	 	32	  
	 6.9
	 	 Registration Rights
	  	 	32	  
	 6.10
	 	 Disclosure
	  	 	32	  
	 6.11
	 	 Brokers
	  	 	32	  
	 6.12
	 	 Tax Matters
	  	 	32	  
	 6.13
	 	 Updated Disclosure Schedules at Closing
	  	 	33	  
		
	7. SURVIVAL OF REPRESENTATIONS; INDEMNIFICATION	  	 	33	  
	 7.1
	 	 Survival of Representations Made by Each Contributor
	  	 	33	  
	 7.2
	 	 Agreement to Indemnify by GES
	  	 	34	  
	 7.3
	 	 Agreement to Indemnify by RAC
	  	 	35	  
	 7.4
	 	 Per Share Fair Market Value
	  	 	35	  
	 7.5
	 	 Conditions of Indemnification by Each Contributor
	  	 	37	  
	 7.6
	 	 Survival of Representations by the Company
	  	 	37	  
	 7.7
	 	 Agreement to Indemnify by the Company
	  	 	38	  
	 7.8
	 	 Conditions of Indemnification by the Company
	  	 	38	  
		
	8. EMPLOYEES AND CONTRACTORS	  	 	39	  
	 8.1
	 	 Employees to be Hired by the Company
	  	 	39	  
	 8.2
	 	 Contractors to be Engaged by the Company
	  	 	40	  
	 8.3
	 	 Workers’ Compensation; Medical Claims and Other Benefits
	  	 	40	  
		
	9. COVENANTS	  	 	41	  
	 9.1
	 	 Government Filings
	  	 	41	  
	 9.2
	 	 Maintenance of Business and Notice of Changes
	  	 	41	  
	 9.3
	 	 Pending Closing
	  	 	42	  
	 9.4
	 	 Insurance
	  	 	43	  


  
 ii 









							
	 9.5
	 	 Title and Survey
	  	 	43	  
	 9.6
	 	 Offering Materials
	  	 	44	  
	 9.7
	 	 Commercially Reasonable Efforts to Close
	  	 	45	  
	 9.8
	 	 Confidentiality of Materials
	  	 	45	  
	 9.9
	 	 Non-Solicitation
	  	 	46	  
	 9.10
	 	 Tax Matters
	  	 	48	  
	 9.11
	 	 Financial Statements
	  	 	50	  
	 9.12
	 	 Post-Closing Access to Books and Records
	  	 	51	  
	 9.14
	 	 Title to Contributed Assets
	  	 	51	  
		
	10. CONDITIONS TO CLOSING APPLICABLE TO THE COMPANY	  	 	52	  
	 10.1
	 	 Rule 144A Offering
	  	 	52	  
	 10.2
	 	 No Termination
	  	 	52	  
	 10.3
	 	 Bring-Down of Contributor Warranties, Representations and Covenants
	  	 	52	  
	 10.4
	 	 No GES Material Adverse Effect or RAC Material Adverse Effect
	  	 	52	  
	 10.5
	 	 Pending Actions
	  	 	52	  
	 10.6
	 	 Required Governmental Approvals
	  	 	52	  
	 10.7
	 	 Title to Contributed Assets
	  	 	53	  
	 10.8
	 	 All Necessary Documents
	  	 	53	  
		
	11. CONDITIONS TO CLOSING APPLICABLE TO THE CONTRIBUTORS	  	 	53	  
	 11.1
	 	 Rule 144A Offering
	  	 	53	  
	 11.2
	 	 No Termination
	  	 	53	  
	 11.3
	 	 Bring-Down of Company Warranties, Representations and Covenants
	  	 	53	  
	 11.4
	 	 No Company Material Adverse Change
	  	 	54	  
	 11.5
	 	 Pending Actions
	  	 	54	  
	 11.6
	 	 Required Governmental Approvals
	  	 	54	  
	 11.7
	 	 All Necessary Documents
	  	 	54	  
		
	12. TERMINATION	  	 	54	  
	 12.1
	 	 Termination
	  	 	54	  
		
	13. GENERAL PROVISIONS	  	 	55	  
	 13.1
	 	 Cost and Expenses
	  	 	55	  
	 13.2
	 	 Knowledge
	  	 	55	  
	 13.3
	 	 Entire Agreement
	  	 	55	  
	 13.4
	 	 Counterparts
	  	 	56	  
	 13.5
	 	 Assignment, Successors and Assigns
	  	 	56	  
	 13.6
	 	 Severability
	  	 	56	  
	 13.7
	 	 Headings
	  	 	56	  
	 13.8
	 	 Risk of Loss
	  	 	56	  
	 13.9
	 	 Governing Law
	  	 	56	  
	 13.10
	 	 Press Releases and Public Announcements
	  	 	56	  
	 13.11
	 	 U.S. Dollars
	  	 	56	  
	 13.12
	 	 Notices, Etc.
	  	 	56	  
	 13.13
	 	 Submission to Jurisdiction; Venue
	  	 	57	  


  
 iii 









							
	 13.14
	 	 Waiver
	  	 	58	  
	 13.15
	 	 No Third-Party Beneficiary
	  	 	58	  
	 13.16
	 	 Disclosures
	  	 	58	  
	 13.17
	 	 Enforcement Costs
	  	 	58	  

 Exhibits 
 “A”
– Rig Contract(s) 
 “B” – Form of Bill of Sale, Assignment and Assumption Agreement 

“C” – Form of GES Contract Assignment 

“D” – Form of Deed 
 “E” – Form of
Transition Services Agreement 
 “F” – Form of Registration Rights Agreement 

“G” – Form of RAC Contract Assignment 

“H” – Definitive Amounts of the RAC Threshold and RAC Cap 

“I” – Definitive Amounts of the Company Threshold and Company Cap 

Annexes 
 “A” – GES Disclosure Schedules

 “B” – Company Disclosure Schedules 

  
 iv 








 ASSET CONTRIBUTION AND SHARE SUBSCRIPTION AGREEMENT 

This Asset Contribution and Share Subscription Agreement (this “Agreement”) is made as of November 23, 2011 (the
“Effective Date”), by and among GLOBAL ENERGY SERVICES OPERATING, LLC, a Delaware limited liability company (“GES”), INDEPENDENCE CONTRACT DRILLING LLC, a Delaware limited liability company
(“RAC”, and together with GES, each, a “Contributor” and collectively, the “Contributors”), and INDEPENDENCE CONTRACT DRILLING, INC., a Delaware corporation (the “Company”).

 R E C I T A L S 

WHEREAS, GES owns assets related to the design, manufacture and service of mobile land drilling rigs, components and related operations (the
“Business”); and 
 WHEREAS, RAC owns assets consisting of cash and rights under the Rig Contract (as defined herein); and

 WHEREAS, subject to the terms of this Agreement, (i) GES desires to contribute certain assets and certain liabilities related to the
Business to the Company in exchange for a number of shares of common stock of the Company (the “GES Shares”), equal to (a) the Aggregate Value of the GES Contributed Assets (as defined herein) divided by (b) the per share
price set forth in the Rule 144A Offering (as defined herein) (the “GES Contribution”), and (ii) RAC desires to contribute cash and the rights under the Rig Contract to the Company in exchange for a number of shares of common
stock of the Company (the “RAC Shares”, and together with the GES Shares, the “Shares”) equal to (i) the Aggregate Value of the RAC Contributed Assets (as defined herein) divided by (ii) the lesser of
(A) $17.00 per share of common stock of the Company or (B) the amount that is 85% of the per share price set forth in the Rule 144A Offering (the “RAC Contribution”); and 

WHEREAS, for U.S. federal income Tax purposes (and state, local and foreign Tax (as defined herein) purposes where applicable), GES, RAC, and
the Company intend for the GES Contribution, the RAC Contribution, and the Rule 144A Offering to be treated as a single interrelated transaction that qualifies as a transaction described in Section 351 of the Internal Revenue Code of 1986, as
amended (the “Code”). 
 AGREEMENT 

NOW THEREFORE, in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 1. DEFINITIONS. 

1.1 Definitions. For purposes of this Agreement, the following terms have the meanings specified in the indicated Section of this
Agreement: 

  
 1 









			
	 Defined Term
	    	 Section

	 401(k) Plan
	    	4.21(a)(iii)
	 Affiliate(s)
	    	4.22; 6.8
	 Aggregate Value of the GES Contributed Assets
	    	2.1(g)
	 Aggregate Value of the RAC Contributed Assets
	    	2.2
	 Agreement
	    	Preamble
	 Assigned Contracts
	    	4.19(a)
	 Benefit Plan(s)
	    	4.21(h)
	 Bill of Sale, Assignment and Assumption Agreement
	    	3.2(a)
	 Business
	    	Recitals
	 Business Day
	    	3.1
	 Carve-Out Financial Statements
	    	9.11
	 Closing
	    	3.1
	 Closing Date
	    	3.1
	 COBRA
	    	8.1(b)
	 Code
	    	Recitals
	 Company
	    	Preamble
	 Company Cap
	    	7.7(a)
	 Company Disclosure Schedules
	    	6
	 Company Group
	    	7.2
	 Company Material Adverse Effect
	    	6.1
	 Company Offering Materials
	    	9.6(a)
	 Company Permits
	    	6.7
	 Company Threshold
	    	7.7(a)
	 Contributed Assets
	    	2.2
	 Contributor(s)
	    	Recitals
	 Damages
	    	7.2(a)
	 Deed
	    	3.2(c)
	 Effective Date
	    	Preamble
	 Effective Time
	    	3.1
	 Environmental Law(s)
	    	4.9(a)(i)
	 Environmental Permits
	    	4.9(a)(ii)
	 ERISA
	    	4.21(h)
	 ERISA Affiliate
	    	4.21(h)
	 Estimated Property Taxes
	    	9.10(c)
	 FCPA
	    	4.18
	 Fundamental Company Representations
	    	7.6(b)
	 Fundamental GES Representations
	    	7.1(b)
	 Fundamental RAC Representations
	    	7.1(b)
	 GAAP
	    	9.11
	 GES
	    	Preamble


  
 2 









			
	 Defined Term
	    	 Section

	 GES Assumed Liabilities
	    	2.3(a)(i)
	 GES Cap
	    	7.2(a)
	 GES Company(ies)
	    	9.9(a)
	 GES Contract Assignment
	    	3.2(b)
	 GES Contributed Assets
	    	2.1
	 GES Contribution
	    	Recitals
	 GES Disclosure Schedules
	    	4
	 GES Excluded Assets
	    	2.4
	 GES FF&E
	    	2.1(a)
	 GES Group
	    	7.7(a)
	 GES Intellectual Property
	    	4.12(a)
	 GES Parent
	    	3.2(h)
	 GES Material Adverse Effect
	    	4.3
	 GES Permits
	    	2.1(f)
	 GES Retained Liabilities
	    	2.3(a)(ii)
	 GES Shares
	    	Recitals
	 GES Threshold
	    	7.2(a)
	 GES Transfer Taxes
	    	9.10(a)
	 Governmental Authority(ies)
	    	4.5
	 Hazardous Materials
	    	4.9(a)(iii)
	 Improvements
	    	2.1(e)
	 Information
	    	9.8(a)
	 Intellectual Property
	    	4.12(a)
	 IRS
	    	4.21(a)(iii)
	 Knowledge
	    	13.2
	 Land
	    	2.1(e)
	 Law(s)
	    	4.4
	 Lien(s)
	    	4.6
	 Multiemployer Plan
	    	4.21(h)
	 Non-Disclosure Agreement
	    	9.8(c)
	 Original Survey
	    	9.5(b)
	 Outside Closing Date
	    	3.1
	 Per Share Fair Market Value
	    	7.4
	 Permitted Exceptions
	    	9.5(a)
	 Permitted Lien(s)
	    	4.6
	 Person(s)
	    	4.5
	 Property Taxes
	    	9.10(g)(i)
	 RAC
	    	Preamble
	 RAC Assumed Liabilities
	    	2.3(b)(i)
	 RAC Cap
	    	7.3
	 RAC Cash Contribution
	    	2.2
	 RAC Contract Assignment
	    	3.3(b)
	 RAC Contributed Assets
	    	2.2


  
 3 









			
	 Defined Term
	    	 Section

	 RAC Contribution
	    	Recitals
	 RAC Group
	    	7.7(a)
	 RAC Material Adverse Effect
	    	5.3
	 RAC Offering Materials
	    	9.6(b)
	 RAC Retained Liabilities
	    	2.3(b)(ii)
	 RAC Shares
	    	Recitals
	 RAC Threshold
	    	7.3
	 RAC Transfer Taxes
	    	9.10(b)
	 Real Estate
	    	2.1(e)
	 Registration Rights Agreement
	    	3.2(e)
	 Reg D
	    	4.17(b)
	 Remaining Deposit
	    	2.1(c)
	 Restricted Period
	    	9.9(a)
	 Restrictive Covenants
	    	9.9(e)
	 Rig Contract
	    	2.1(b)
	 Rule 144A Offering
	    	6.2(a)
	 Securities Act
	    	4.17(b)
	 Shares
	    	Recitals
	 Straddle Period
	    	9.10(g)(ii)
	 SWOP
	    	2.4
	 Surveys
	    	9.5(b)
	 Tax Returns
	    	9.10(g)(iv)
	 Tax(es)
	    	9.10(g)(iii)
	 Term Loan
	    	2.1(g)
	 Term Loan Liabilities
	    	2.1(g)
	 Title Commitment
	    	9.5(a)
	 Title Company
	    	9.5(a)
	 Title Policy
	    	9.5(a)
	 Transfer Taxes
	    	9.10(g)(v)
	 Transferred Contractors
	    	4.20(b)
	 Transferred Employees
	    	4.20(a)
	 Treasury Regulations
	    	9.10(g)(vi)
	 Updated Survey
	    	9.5(b)
	 WSS
	    	2.4

 1.2 Interpretation. Unless the context of this Agreement otherwise requires, (a) words of any
gender shall be deemed to include each other gender, (b) words using the singular or plural number shall also include the plural or singular number, respectively, (c) references to “hereof”, “herein”, “hereby”
and similar terms shall refer to this entire Agreement, (d) all references in this Agreement to Sections, Annexes and Exhibits shall mean and refer to 

  
 4 








 
Sections, Annexes and Exhibits of this Agreement, (e) all references to statutes and related regulations shall include all amendments of the same and any successor or replacement statutes
and regulations, and (f) references to any Person shall be deemed to mean and include the successors and permitted assigns of such Person (or, in the case of a Governmental Authority, Persons succeeding to the relevant functions of such
Person). 
 2. CONTRIBUTION AND ASSIGNMENT; ISSUANCE OF SHARES. 

2.1 Contribution and Assignment by GES. Upon the terms and subject to the conditions of this Agreement, at the Closing on the Closing
Date (as such terms are defined herein), GES shall contribute, assign, transfer, convey, grant and set over to the Company, and the Company shall acquire, free and clear of any Liens other than Permitted Liens (as defined herein), all of GES’s
right, title and interest in and to the assets of GES related to the Business, other than the GES Excluded Assets (collectively referred to herein as the “GES Contributed Assets”), including, without limitation, the following: 

(a) All of GES’s right, title and interest in and to the furniture, fixtures, equipment and other tangible personal property owned or
leased by GES set forth in Section 2.1(a) of the GES Disclosure Schedules (the “GES FF&E”). 
 (b) All of
GES’s right, title, and interest in and to those certain Drilling Rig Contracts dated on even date herewith by and between GES and RAC (collectively, the “Rig Contract”), copies of which are attached hereto as Exhibit A,
including, without limitation, any and all amendments, supplements and modifications thereto, and replacements thereof, and all purchase orders, works-in-process, records, data, inventory, vendor contracts and equipment purchased (including any
inventory or equipment for which GES has made a down payment), created or used by GES in connection with the Business and GES’s obligations under the Rig Contract, as set forth in Section 2.1(b) of the GES Disclosure Schedules. 

(c) All cash paid to GES under the Rig Contract or any Assigned Contract that has not been spent by GES on its obligations under the Rig
Contract or such Assigned Contract or accrued by GES for outstanding obligations under the Rig Contract or such Assigned Contract as of the Closing Date (the “Remaining Deposit”). Prior to the Closing, GES shall provide to the
Company for its approval a reconciliation statement that shows all amounts spent or accrued by GES for obligations under the Rig Contract and the Assigned Contracts, including any and all reasonable supporting documentation requested by the Company.

 (d) All of GES’s rights, title and interest in and to the GES Intellectual Property. 

(e) All of that certain tract of real property located in Harris County, Texas, as further described on Section 2.1(e) of the GES
Disclosure Schedules (the “Land”), including, without limitation, all buildings, structures, improvements, construction-in-progress and fixtures (collectively the “Improvements”) of every kind and nature now or
hereafter located on the Land or forming a part thereof (the Land and the Improvements are hereinafter collectively referred to as the “Real Estate”), together with: (i) all options related to the Real Estate or other rights
thereunder; (ii) all right, title and interest of GES in and to any land in any 

  
 5 








 
adjacent streets, alleys, easements and rights-of-way related to the Real Estate; (iii) all rights, tenements, hereditaments, easements, privileges and appurtenances belonging to the Real
Estate or any portion thereof, including without limitation, all titles, estates, interests, licenses, agreements, air rights, water and canal rights, mineral rights, and all other rights at any time acquired by GES in and to any of the foregoing;
and (iv) all right, title and interest of GES in and to all leases, subleases, licenses, tenancies, agreements, contracts or grants of right made by GES or at any time granted or acquired by GES with respect to the Real Estate or any portion
thereof. 
 (f) All of GES’s licenses and permits required to operate the Business, as set forth on Section 2.1(f) of the
GES Disclosure Schedules (collectively, the “GES Permits”), to the extent such GES Permits are assignable. 
 (g) For the
purposes of this Agreement, the “Aggregate Value of the GES Contributed Assets” shall be Thirty Six Million and No/100 Dollars ($36,000,000.00), less the Term Loan Liabilities being assumed by the Company. “Term Loan
Liabilities” means the outstanding principal amount of the indebtedness, together with the accrued but unpaid interest thereon and any accrued but unpaid fees, penalties, charges, expenses and other amounts, related to the Term Loan as of
the Closing Date. “Term Loan” means the term loan facility provided to GES by Iberiabank pursuant to that certain Loan Agreement dated May 9, 2011. 

2.2 Contribution and Assignment by RAC. Upon the terms and subject to the conditions of this Agreement, at the Closing on the Closing
Date, RAC shall contribute an amount in cash equal to all cash invested in RAC by its members, less any transaction costs, if any, general and administrative expenses, if any, and any amounts previously paid to GES pursuant to the Rig Contract (the
“RAC Cash Contribution”), to the Company and shall contribute, assign, transfer, convey, grant and set over to the Company, and the Company shall acquire, free and clear of any Liens (as defined in Section 4.6), all of
RAC’s right, title and interest in and to the Rig Contract (such right, title and interest, together with the RAC Cash Contribution, shall be collectively referred to herein as the “RAC Contributed Assets”, and together with
the GES Contributed Assets, the “Contributed Assets”). Notwithstanding the foregoing, for the purposes of this Agreement, the “Aggregate Value of the RAC Contributed Assets” shall be equal to all cash contributions
made to RAC by its members as of the Closing Date, plus Two Million and No/100 Dollars ($2,000,000.00). 
 2.3 Obligations Being Assumed;
Liabilities Not Being Assumed. 
 (a) GES Liabilities. 

(i) As of the Closing Date, the Company shall assume, perform or otherwise discharge when due, at its sole expense, and without liability,
cost, loss or expense of GES, those certain liabilities of GES set forth in Section 2.3(a) of the GES Disclosure Schedules (collectively, the “GES Assumed Liabilities”). For clarification, the GES Assumed Liabilities
shall not, except as specifically set forth in Section 9.10(c) with respect to Property Taxes, include any liability for any Tax (including any liability for any Taxes of (i) GES, (ii) the GES Parent, or (iii) resulting
from, relating to, or arising in connection with the use, ownership or operation of the GES Contributed Assets on or prior to the Closing Date or transfer of the GES Contributed Assets hereunder). GES represents and warrants that it is not in
default of any of the GES Assumed Liabilities, and GES agrees that the Company shall not be obligated to assume, and the Company shall not have any liability for or in connection with, any GES Assumed Liability that is in default as of the Effective
Date. 

  
 6 








 (ii) GES agrees that the Company shall not be obligated to assume, perform or otherwise
discharge, and that the Company is not assuming or performing, and that GES shall be solely responsible for performing and satisfying, or otherwise discharging, at its sole expense, and without liability, cost, loss or expense of the Company, all
liabilities and obligations of GES, other than the GES Assumed Liabilities (collectively, the “GES Retained Liabilities”). 

(b) RAC Liabilities. 

(i) As of the Closing Date, the Company shall assume, perform or otherwise discharge when due, at its sole expense, and without liability,
cost, loss or expense of RAC, all liabilities and obligations of RAC related to the RAC Contributed Assets (collectively, the “RAC Assumed Liabilities”). For clarification, the RAC Assumed Liabilities shall not, except as
specifically set forth in Section 9.10(b) with respect to RAC Transfer Taxes and Section 9.10(d) with respect to Property Taxes, include any liability for any Tax (including any liability for any Taxes of (i) RAC, or
(ii) resulting from, relating to, or arising in connection with the use, ownership or operation of the RAC Contributed Assets on or prior to the Closing Date or transfer of the RAC Contributed Assets hereunder). RAC represents and warrants that
it is not in default of any of the RAC Assumed Liabilities, and RAC agrees that the Company shall not be obligated to assume, and the Company shall not have any liability for or in connection with, any RAC Assumed Liability that is in default as of
the Effective Date. 
 (ii) RAC agrees that the Company shall not be obligated to assume, perform or otherwise discharge, and that the
Company is not assuming or performing, and that RAC shall be solely responsible for performing and satisfying, or otherwise discharging, at its sole expense, and without liability, cost, loss or expense of the Company, all liabilities and
obligations of RAC, other than the RAC Assumed Liabilities (collectively, the “RAC Retained Liabilities”). 
 2.4
Excluded Assets. Notwithstanding any provision in this Agreement to the contrary, GES and its Affiliates, Southwest Oilfield Products Inc., a Delaware corporation (“SWOP”), and SWOP Acquisition, LLC, a Texas limited liability
company d/b/a GES Well Servicing Systems (“WSS”), shall retain all assets of GES that are not contributed to the Company pursuant to this Agreement, including, without limitation, (i) all contracts between GES and third
parties, other than the Rig Contract and the Assigned Contracts, and all purchase orders, works-in-process, inventory and equipment created or used by GES in connection with its obligations under such contracts, (ii) except for the Remaining
Deposit and any deposits or prepaid expenses paid by GES under any of the Assigned Contracts or in connection with any of the GES Contributed Assets, the cash of GES on-hand on the Closing Date, the working capital of GES as of the Closing Date, and
the books and records of GES on the Closing Date, including, without limitation, the books and records related to the Business conducted prior to Closing, and (iii) those certain assets set forth in Section 2.4 of the GES Disclosure
Schedules (collectively, the “GES Excluded Assets”). For the avoidance of doubt, the GES Excluded 

  
 7 








 
Assets shall remain the property of GES, SWOP and WSS, as applicable, and GES and the Company shall cooperate and use all reasonable efforts to separate the GES Excluded Assets and the GES
Contributed Assets during the period between the Effective Date and the Closing Date. The Company shall not assume any liabilities related to the GES Excluded Assets. 

2.5 Issuance of Shares. In exchange for the contribution of the Contributed Assets, the Company hereby agrees to issue the GES Shares to
GES and the RAC Shares to RAC and assume the GES Assumed Liabilities and the RAC Assumed Liabilities. The Shares shall be the total consideration paid by and required of the Company with respect to the subject matter of this Agreement. 

2.6 Further Assurances. The Contributors and the Company hereby agree to execute such additional documents, complete such other
formalities, and extend such other cooperation as may be reasonably requested or required to perfect the Company’s interest in the Contributed Assets and to permit the Company to be duly recorded as the registered owner and proprietor of the
rights hereby conveyed. Each Contributor covenants and agrees that in the event that title to (a) any property, assets or rights (including Assigned Contracts or Assumed Liabilities) covered in this Agreement cannot be transferred or assigned
by it without the consent of or notice to a third party and in respect of which any necessary consent or notice has not as of the Closing Date been given or obtained, or (b) any such property, assets or rights (including Assigned Contracts or
Assumed Liabilities) are non-assignable in their nature and will not pass by this Agreement, the beneficial interest in and to the same will in any event pass to Company; and each Contributor covenants and agrees (x) to hold, and hereby
declares that it shall hold, such property, assets or rights in trust solely for, and for the benefit of, the Company, (y) to use all reasonable means to obtain and to secure such consents and give such notices as may be required to effect a
valid transfer or assignments of such property, assets or rights, and (z) to make or complete such transfer or assignments as soon as possible; provided that the Company shall reimburse the applicable Contributor for all reasonable expenses
incurred pursuant to clauses (y) and (z) of this Section 2.6. 
 3. CLOSING AND CLOSING DATE DELIVERABLES. 

3.1 Closing. The term “Closing” as used herein shall refer to the actual contribution, transfer, assignment and
delivery of the Contributed Assets to the Company in exchange for the Shares. The Closing shall take place at the offices of BoyarMiller, 4265 San Felipe, Suite 1200, Houston, Texas 77027, at 10:00 a.m. local time on the first
(1st) “Business Day”, being any day other than Saturdays, Sundays or days on which banks in the United States are traditionally closed for business, occurring after all of the conditions, and the obligations with respect to the
parties hereto, to consummate the transactions contemplated hereby (other than conditions with respect to actions the respective parties will take at the Closing or by their nature will occur at the Closing) have been satisfied or waived, or at such
other place and time or on such other date as is mutually agreed to in writing by the Contributors and the Company (“Closing Date”); provided, however, if the Closing does not occur on or before January 31, 2012
(the “Outside Closing Date”), or such later date as may have been agreed upon in writing by the parties hereto, any of GES, RAC or the Company may terminate this Agreement by written notice to the other parties whereupon this
Agreement shall be of no further force and effect. Notwithstanding any provision herein to the contrary, the parties need not attend the 

  
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Closing in person, and the delivery of all documents and funds as described in Sections 3.2 and 3.3 may be handled by wire transfer and electronic mail or by facsimile transmission.
The transactions contemplated by this Agreement shall be considered closed, and possession of the Contributed Assets and the risk of their loss shall be deemed to have been passed to the Company, upon the delivery of the documents and funds as
provided in Sections 3.2 and 3.3. The Closing shall be deemed effective as of 12:01 a.m. on the Closing Date (the “Effective Time”). 

3.2 Closing Deliveries by GES. At the Closing, GES shall deliver to the Company: 

(a) a Bill of Sale, Assignment and Assumption Agreement, substantially in the form of Exhibit B attached hereto (the “Bill of
Sale, Assignment and Assumption Agreement”), duly executed by GES; and all such other bills of sale, employee work product assignments, contract assignments and other documents and instruments of sale, assignment, conveyance and transfer,
as the Company may deem necessary or reasonably desirable; 
 (b) an Assignment and Assumption of Contract, substantially in the form of
Exhibit C attached hereto (the “GES Contract Assignment”), duly executed by GES; 
 (c) a Contribution General
Warranty Deed, substantially in the form of Exhibit D attached hereto (the “Deed”), duly executed and acknowledged by GES; 

(d) a Transition Services Agreement, substantially in the form of Exhibit E attached hereto (the “Transition Services
Agreement”), pursuant to which GES and the Company will provide each other with certain services related to their respective businesses post-Closing, duly executed by GES; 

(e) a registration rights agreement (the “Registration Rights Agreement”), with terms and conditions substantially similar to
those in the registration rights agreement to be entered into by the Company and the investors under the Rule 144A Offering, and with the additional terms and conditions set forth on the term sheet attached hereto as Exhibit F; 

(f) a certificate of the Secretary or an Assistant Secretary of GES certifying as to: (i) the resolutions of the Managing Member of GES
authorizing and approving the execution, delivery and performance by GES of this Agreement, any agreements, instruments, certificates or other documents executed by GES pursuant to this Agreement and the transactions contemplated hereby; and
(ii) the incumbency and signatures of the officers of GES executing the documents listed in Section 3.2(i) hereof; 
 (g) a
certificate of the Secretary of State of the State of Delaware, and of the Secretary of State (or other applicable office) of any other state in which GES is qualified to do business, of a date not earlier than ten (10) days prior to the
Closing Date, as to the good standing of GES in such state(s); 

  
 9 








 (h) a certificate of GES Global Energy Services, Inc., a Delaware corporation (the “GES
Parent”), conforming to the requirements of Treasury Regulations Section 1.1445-2(b)(2) stating that GES Parent is not, as of the Closing Date, a “foreign person” within the meaning of
Section 1445 of the Code, in form and substance reasonably satisfactory to the Company and duly executed by GES Parent; 
 (i) a
certificate executed by the President of GES certifying as to the matters set forth in Sections 10.3, 10.4, 11.5 and 11.6; 

(j) all documents, affidavits, certificates and information reasonably required by the Title Company or Title Underwriter to issue the Title
Policy; and 
 (k) such other documents as the Company may reasonably request to carry out the purposes of this Agreement. 

3.3 Closing Deliveries by RAC. At the Closing, RAC shall deliver to the Company: 

(a) the RAC Cash Contribution in immediately available funds via wire transfer to a bank account or bank accounts specified by the Company in
writing; 
 (b) an Assignment and Assumption of Contract, substantially in the form of Exhibit G attached hereto (the “RAC
Contract Assignment”), duly executed by RAC; 
 (c) the Registration Rights Agreement, duly executed by RAC; 

(d) a certificate of the Secretary or an Assistant Secretary of RAC certifying as to: (i) the resolutions of the Managers of RAC
authorizing and approving the execution, delivery and performance by RAC of this Agreement and any agreements, instruments, certificates or other documents executed by RAC pursuant to this Agreement and the transactions contemplated hereby; and
(ii) the incumbency and signatures of the officers of RAC executing the documents listed in subclause (i) hereof; 
 (e) a
certificate of the Secretary of State of the State of Delaware, and of the Secretary of State (or other applicable office) of any other state in which RAC is qualified to do business, of a date not earlier than ten (10) days prior to the
Closing Date, as to the good standing of RAC in such state(s); 
 (f) a certificate executed by the President of RAC certifying as to the
matters set forth in Sections 10.3, 10.4, 11.5 and 11.6; and 
 (g) such other documents as the Company may
reasonably request to carry out the purposes of this Agreement. 

  
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 3.4 Closing Deliveries by the Company. At the Closing, the Company shall deliver: 

(a) a stock certificate issued in the name of GES evidencing the GES Shares; 

(b) a stock certificate issued in the name of RAC evidencing the RAC Shares; 

(c) the Bill of Sale, Assignment and Assumption Agreement, duly executed by the Company; 

(d) the GES Contract Assignment, duly executed by the Company; 

(e) the RAC Contract Assignment, duly executed by the Company; 

(f) the Transition Services Agreement, duly executed by the Company; 

(g) the Registration Rights Agreement, duly executed by the Company; 

(h) a certificate of the Secretary or an Assistant Secretary of the Company certifying as to: (i) the resolutions of the Board of
Directors of the Company authorizing and approving the execution, delivery and performance by the Company of this Agreement and any agreements, instruments, certificates or other documents executed by the Company pursuant to this Agreement and the
transactions contemplated hereby; and (ii) the incumbency and signatures of the officers of the Company executing the documents listed in Section 3.4(i) hereof; 

(i) a certificate of the Secretary of State of the State of Delaware, and of the Secretary of State (or other applicable office) of any other
state in which the Company is qualified to do business, of a date not earlier than ten (10) days prior to the Closing Date, as to the good standing of the Company in such state(s); 

(j) a certificate executed by an authorized officer of the Company certifying as to the matters set forth in Sections 10.5,
10.6, 11.3, and 11.4; and 
 (k) such other documents as any Contributor may reasonably request to carry out the
purposes of this Agreement. 
 3.5 Cooperation. The Contributors and the Company shall, upon request by any other party hereto, on
and after the Closing Date, cooperate with one another by furnishing any additional information, executing and delivering any additional documents and/or instruments and doing any and all such other things as may be reasonably required by the
parties to consummate or otherwise implement the transactions contemplated by this Agreement. 

  
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 4. REPRESENTATIONS AND WARRANTIES OF GES. GES represents and warrants the following as of
the date hereof, and as of the Closing Date, except to the extent that the representation or warranty is limited to a specific period of time, to the Company, subject to such qualifications and exceptions set forth on the GES Disclosure Schedules
attached hereto as Annex A (the “GES Disclosure Schedules”): 
 4.1 Title to and Adequacy of GES
Contributed Assets. GES has good, complete and marketable title to all of the GES Contributed Assets, free and clear of all Liens of any kind or nature whatsoever, other than Permitted Liens. All of the GES Contributed Assets are in the
exclusive possession and control of GES and GES has the unencumbered right to use, and the right to transfer to the Company in accordance with the terms and provisions of this Agreement, all of the GES Contributed Assets without interference from
and free of the rights and claims of all others. The GES Contributed Assets are all of the assets other than the Excluded Assets necessary for the conduct of the Business as currently conducted; provided, however, that GES makes no
representations or warranties as to the sufficiency of the GES Contributed Assets to operate the Business to the extent that the Company does not have adequate working capital. 

4.2 No Prior Assignment. Except for the Permitted Liens, GES has not previously assigned, transferred, pledged or otherwise encumbered
or granted any right, license or interest in, to or under the GES Contributed Assets, or any portion thereof. 
 4.3 Organization; Good
Standing; Qualification and Power. GES is a limited liability company duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation and has all requisite limited liability company power and authority to
own, lease or otherwise hold its properties and assets and to carry on its business as presently conducted. GES is duly licensed or qualified to transact business as a foreign limited liability company and is in good standing in each jurisdiction in
which the nature of the business transacted by it or the character of the properties owned or leased by it requires such licensing or qualification, except for those jurisdictions where the failure to be so licensed, qualified or in good standing
would not have a material adverse effect on the business, condition (financial or otherwise), properties, assets, results of operations or liabilities of GES taken as a whole, or impair the ability of GES to close the transactions contemplated by
this Agreement (a “GES Material Adverse Effect”). 
 4.4 Authorization. GES has full limited liability company power
and authority to execute and deliver this Agreement, to purchase the GES Shares, and to consummate the transactions contemplated by this Agreement. Any and all limited liability company action on the part of GES and its officers, managers and
members necessary for the authorization, execution and delivery of this Agreement, and the performance of all obligations of GES hereunder and thereunder, has been taken. This Agreement has been duly and validly executed and delivered and
constitutes a valid and legally binding obligation of GES, enforceable against GES in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other Laws of general application
affecting enforcement of creditors’ rights generally and (ii) as limited by Laws relating to the availability of specific performance, injunctive relief or other equitable remedies. As used in this Agreement, “Law” means
any applicable constitutional provisions, statute, act, code, common law, regulation, rule, ordinance, order, decree, ruling, proclamation, resolution, judgment, decision, declaration, or interpretation or advisory opinion or letter of a domestic,
foreign or international Governmental Authority, in each case which has the force of law. 

  
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 4.5 Consents. No consent, approval, order or authorization of, or registration,
qualification, or filing with, any Governmental Authority or Person is required on the part of GES in connection with the execution, delivery and performance by GES of this Agreement, and the purchase and receipt of the GES Shares by GES. As used in
this Agreement, “Governmental Authority” means any federal, state, local or foreign government or any court, arbitral tribunal, administrative or regulatory agency, or other governmental authority, agency or instrumentality. As used
in this Agreement, “Person” means any natural person, corporation, limited partnership, general partnership, limited liability company, joint stock company, joint venture, association, company, estate, trust, bank trust company,
land trust, business trust, or other organization, whether or not a legal entity, custodian, trustee-executor, administrator, nominee or entity in a representative capacity. 

4.6 Compliance with Other Instruments. GES is not in violation, breach or default (with or without notice or lapse of time, or both) of
(i) any provision of its certificate of formation or limited liability company agreement or similar organizational documents, (ii) any provision of any mortgage, indenture or other evidence of indebtedness to which it is a party or by
which it is bound, or (iii) any judgment, decree, order, writ, federal or state statute, rule or regulation, license or permit of any Governmental Authority applicable to it except, with respect to clauses (i) and (ii), as would not
reasonably be expected to have a GES Material Adverse Effect. The execution, delivery and performance by GES of this Agreement and the transactions contemplated hereby and thereby will not (a) result in, with or without the passage of time or
giving of notice or both, any breach or default under, or acceleration of, or give rise to any right of termination, rescission, or acceleration or modification of, any provision of its certificate of formation or limited liability company agreement
or similar organizational documents, or any material mortgage, contract, lease, agreement, instrument, or indenture to which it is a party, or any judgment, decree, order, writ, statute, rule or regulation, license or Permit by which it is bound or
(b) result in the creation of any mortgages, pledges, security interests, liens, charges, claims, restrictions, easements or other encumbrances of any nature (“Liens”) upon any of the properties or assets of GES, other than
Permitted Liens. For the purpose of this Agreement, “Permitted Liens” means, collectively, (x) Liens that are specifically disclosed on Section 4.6 of the GES Disclosure Schedules, (y) liens for Taxes which are
not yet due, or (z) liens for mechanics, materialmen, laborers, employees, suppliers or similar liens arising by operation of law for amounts which are owed, but not yet due. 

4.7 Compliance with Laws; Permits. The GES Permits set forth on Section 2.1(e) of the GES Disclosure Schedules are all of
the material franchises, permits, licenses, authorizations, approvals and other rights and privileges from Governmental Authorities that GES is required to have in order to own, lease and otherwise hold its properties and assets and to conduct the
Business as presently conducted. All GES Permits are valid and in full force and effect. GES has not received any written communication, nor, to the Knowledge of GES has there been any oral communication or any threat, that any Governmental
Authority intends to cancel or terminate any GES Permit. Neither GES nor, to the Knowledge of GES, any of its managers, members, officers, employees, agents or consultants, is in violation of any law applicable to GES. To the extent that any GES
Permits are not assignable, GES agrees to cooperate with the Company in its efforts to obtain licenses and permits required to operate the Business. 

  
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 4.8 Real Estate. 

(a) GES has provided to the Company copies of all surveys, environmental reports and studies and other documents related to the Real Estate in
the possession of GES. Except for Permitted Liens and the Permitted Exceptions, GES has good and marketable title to the Real Estate free and clear of all options, rights of first offer, rights of first refusal, leases, covenants, conditions,
easements, agreements, claims, and other Liens of every kind and there exists no restriction on the use or transfer of the Real Estate. 

(b) Except as set forth in Section 4.8(b) of the GES Disclosure Schedules, to the Knowledge of GES, there are no material defects
to the Real Estate, ordinary wear and tear excepted, and all Improvements are sufficient for the operation of the Business as currently conducted thereon. All Improvements located on, and the use presently being made of, the Real Estate comply with
all applicable zoning and building codes, ordinances and regulations and all applicable fire, environmental, occupational safety and health standards and similar standards established by Law, including Environmental Laws, except where non-compliance
does not have a GES Material Adverse Effect, and use thereof by the Company to conduct the Business following Closing, in a substantially similar manner as conducted by GES prior to Closing, will not result in any violation of any such code,
ordinance, regulation or standard. The present use and operation of the Real Estate does not constitute a non-conforming use and, to the Knowledge of GES, is not subject to a variance. There is no proposed, pending or, to the Knowledge of GES,
threatened change in any such code, ordinance, regulation or standard that would materially adversely affect the Business. There is no injunction, decree, order, writ or judgment outstanding, or any claim, litigation, administrative action or
similar proceeding pending or, to the Knowledge of GES, threatened, relating to the ownership, use or occupancy of the Real Estate or any portion thereof, or the operation of the Business as currently conducted thereon. 

(c) At and after the Closing, the Company shall have the right to maintain or use such Real Estate, including the space, facilities or
appurtenances outside the building set-back lines, whether on, over or under the ground, and to conduct such activities thereon as maintained, used or conducted by GES on the date hereof and such right is not subject to revocation. No proceeding is
pending or, to the Knowledge of GES, threatened that could adversely affect the zoning classification of the Real Property. 
 (d) The Real
Estate is served by water, gas, electric, telephone, and sewer utilities, which utilities are available on the Real Estate or are available at the edge of the Real Estate within contiguous public rights-of-way, and which utilities are of proper size
and/or capacity to adequately meet all needs and requirements for the use of the Real Estate and Improvements for their intended purpose. At and after the Closing, the Company shall have all rights, easements and agreements necessary for the use and
maintenance of water, gas, electric, telephone, sewer or other utility pipelines, poles, wires, conduits or other like facilities, and appurtenances thereto, over, across and under the Real Estate. 

  
 14 








 (e) There is no pending or threatened condemnation proceeding against the Real Estate or any
portion thereof. Except as set forth in Section 4.8(e) of the GES Disclosure Schedules, no part of any Improvements on the Real Estate encroaches upon any property adjacent thereto or upon any easement, nor is there any encroachment or overlap
upon the Real Estate. 
 (f) Except as set forth in Section 4.8(f) of the GES Disclosure Schedules, to the Knowledge of GES,
there is no material condition affecting the Real Estate or the Improvements located thereon which requires repair or correction to restore the same to reasonable operating condition. 

(g) The Land is comprised of separate lots for Property Tax and assessment purposes, and no other real property is included in such tax
parcels. 
 (h) The current use and occupancy of the Real Estate and the operation of the Business thereon do not violate any easement,
covenant, condition, restriction or similar provision in any instrument of record or other unrecorded contract affecting the Real Estate, and GES has not received any notice of violation of any such instruments or contracts. 

4.9 Environmental Matters. 

(a) For the purpose of this Agreement, the following terms have the meanings set forth below: 

(i) “Environmental Law” means all past and present applicable laws, statutes, enactments, orders, regulations,
rules and ordinances of any Governmental Authority relating to pollution or protection of human health, safety, the environment, natural resources or laws relating to releases or threatened releases of Hazardous Materials into the indoor or outdoor
environment (including, without limitation, ambient air, surface water, groundwater, land, surface and subsurface strata) or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, release, transport or handling of
Hazardous Materials, including, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act, the Hazardous Materials Transportation Act, the Resource Conservation and Recovery Act, the Clean Water Act, the Clean Air
Act, the Toxic Substances Control Act, the Occupational Safety and Health Act, and the common law, including, but not limited to, the law of nuisance, trespass, and strict liability. 

(ii) “Environmental Permits” means all permits, registrations, approvals, licenses, filings and submissions to
any Governmental Authority required by any Environmental Law. 
 (iii) “Hazardous Materials” means
(i) pollutants or contaminants, (ii) hazardous, toxic, infectious or radioactive substances, chemicals, materials or wastes (including, without limitation, those defined as hazardous under any Environmental Law), (iii) petroleum or
petroleum products, 

  
 15 








 
including crude oil or any derivative or fraction thereof, (iv) asbestos and asbestos-containing materials, (v) solid wastes, (vi) mold, (vii) medical wastes
(vii) polycholorinated biphenyls, or (ix) any other chemical, pollutant, contaminant, substance or waste that is regulated or for which liability or standards of care are imposed under any Environmental Law. 

(b) The Real Estate, all current and previous conditions on and uses of the Real Estate, and all current and previous ownership and operations
of GES in connection with the Business (including without limitation transportation and disposal of Hazardous Materials) or the Real Estate: (i) comply and have at all times prior to Closing complied with all Environmental Laws; and
(ii) do not cause, have not caused, and will not cause liability to be incurred by GES under any Environmental Law, except where such non-compliance or liability does not have a GES Material Adverse Effect. GES is not in violation of any
Environmental Law. 
 (c) GES, in connection with the Business, has properly obtained and is in compliance in all material respects with all
Environmental Permits, has properly made all filings with and submissions to any Governmental Authority required by any Environmental Law, and no deficiencies have been asserted by any Governmental Authority with respect to such items. Further, the
consummation of the transactions contemplated hereby will not: (i) require GES or the Company to provide notices, obtain governmental approval or take any actions, including, but not limited to, any repairs, construction or capital
expenditures, in order for the Company to continue to hold all Environmental Permits and to remain in compliance with the terms and conditions of all Environmental Permits and Environmental Laws; or (ii) require the Company to obtain any new
Environmental Permit. 
 (d) There has been no material spill, discharge, leak, leaching, emission, migration, injection, disposal, escape,
dumping, or release of any kind on, beneath, above, or into the Real Estate or from the Real Estate into the environment surrounding the Real Estate, or, to the Knowledge of GES, any property formerly owned, leased or operated by GES. 

(e) To the Knowledge of GES, there are no (i) Hazardous Materials stored, disposed of, generated, manufactured, refined, transported,
produced, or treated at, upon, or from the Real Estate; (ii) asbestos fibers or asbestos-containing materials, mold, lead-based paint, or polychlorinated biphenyls on, at, in, about or beneath the Real Estate; or (iii) underground storage
tanks on or beneath the Real Estate. 
 (f) There has not been any civil, criminal or administrative action, suit, summons, citation,
complaint, claim, notice, demand, request, judgment, order, Lien, proceeding, hearing, study, inquiry or investigation based on or related to any Environmental Permit or Environmental Law threatened against GES in connection with the Real Estate or
the Business. 
 (g) GES has never received from any person any notice of, nor does GES have any Knowledge of, any past, present or
anticipated future events, conditions, circumstances, activities, practices, incidents, actions, agreements or plans that could: (i) interfere with, prevent, or increase the costs of compliance or continued compliance with any


  
 16 








 
Environmental Permit or any renewal or transfer thereof or any Environmental Law; (ii) make more stringent any restriction, limitation, requirement, or condition under any Environmental Law
or any Environmental Permit in connection with the operations at the Real Estate; or (iii) give rise to any liability, loss or expense, or form the basis of any civil, criminal, or administrative action, suit, summons, citation, complaint,
claim, notice, demand, request, judgment, order, lien, proceeding, hearing, study, inquiry, or investigation involving the Real Estate, GES or the Business, based on or related to an Environmental Permit, or an Environmental Law or to the presence,
manufacture, generation, refining, processing, distribution, use, sale, treatment, recycling, receipt, storage, disposal, transport, handling, emission, discharge, release or threatened release of any Hazardous Materials. 

(h) GES is not currently operating or required to be operating the Business or the Real Estate under any compliance order, schedule, decree or
agreement, any consent decree, order or agreement, or corrective action decree, order or agreement issued or entered into under any Environmental Law. 

4.10 Rig Contract. There is no (i) default in any material respect on the part of GES under the Rig Contract or (ii) to
GES’s Knowledge, default in any material respect on the part of the other party or parties under the provisions of the Rig Contract. The Rig Contract is valid, binding and in full force and effect and is enforceable by GES in accordance with
its terms, except (1) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other Laws of general application affecting enforcement of creditors’ rights generally and (2) as limited by Laws relating to the
availability of specific performance, injunctive relief or other equitable remedies. 
 4.11 Tax Matters. 

(a) All Tax Returns required to be filed that encompass or relate in any manner to the GES Contributed Assets or the Business have been duly
and timely filed (subject to all applicable extensions), and all such Tax Returns are true, complete and correct in all material respects. 

(b) All Taxes (whether or not shown on any Tax Return) relating to the GES Contributed Assets or the Business that are due and payable have
been timely paid (subject to all applicable extensions). 
 (c) Neither GES, nor the GES Parent on GES’s behalf, has received a
proposal, assertion or assessment by any Tax authority for deficiencies related to its Taxes that has not been resolved. 
 (d) Neither GES,
nor GES Parent on GES’s behalf, is a party to any agreement providing for the allocation or sharing of its Taxes or has liability for Taxes of any other Person under any applicable Law, as transferee or successor, by contract or otherwise,
including an obligation under Treasury Regulations Section 1.1502-6 (or any similar provision of state, local or foreign Law) (other than Taxes of GES Parent). 

  
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 (e) GES, or GES Parent on GES’s behalf, has complied in all material respects with all
applicable Laws relating to the payment and withholding of Taxes and has timely withheld and paid over to the proper taxing authorities all amounts required to be withheld and paid by it under all applicable Laws. 

(f) Neither GES, nor GES Parent on GES’s behalf, has waived any statute of limitations with respect to the assessment or collection of
any Taxes or agreed to any extension of time within which to file any Tax Return or to extend the period for the assessment or collection of any Taxes. 

(g) Except as set forth in Section 4.11(g) of the GES Disclosure Schedules, there are no pending or, to GES’s Knowledge,
threatened audits, examinations, investigations or other proceedings in respect of Taxes or Tax Returns of GES or GES Parent. 
 (h) Except
for Taxes not yet due and payable, (i) there are no Liens for unpaid Taxes upon the GES Contributed Assets, and (ii) no claim for unpaid Taxes has been made by any Tax authority that could give rise to any such Lien. 

(i) GES is disregarded as an entity separate from its owner, GES Parent, for U.S. federal income tax purposes (and state, local, foreign Tax
purposes where applicable). 
 (j) GES Parent is not a “foreign person” within the meaning of Section 1445 of the Code. 

(k) GES does not own any ownership interest in any other Person (including any shares of capital stock, partnership interests, limited
liability company interests, or beneficial interests in any trusts). 
 (l) GES does not have an obligation (i) to make a payment that
is not deductible under Section 280G of the Code, or (ii) under any agreements, contracts, arrangements or plans to indemnify, gross-up or otherwise compensate any Person, in whole or in part, for any excise Tax under Section 4999 of
the Code that is imposed on such Person or individual or any other Person. 
 (m) GES does not have an obligation (i) to make a payment
to any Person under any Tax allocation agreement, Tax sharing agreement, Tax indemnity obligation or similar written or unwritten agreement, arrangement, understanding or practice with respect to Taxes or (ii) under any record retention,
transfer pricing, closing or other agreement or arrangement with any Tax authority that will survive the Closing or impose any liability on the Company after the Closing. 

4.12 Intellectual Property. 

(a) Section 4.12(a) of the GES Disclosure Schedules identifies all material United States and foreign (i) patents, patent
applications, utility models or statutory invention registrations (whether or not filed); (ii) trademarks and service marks, and registrations and applications for registration thereof (whether or not filed); (iii) registered copyrights
and registrations and 

  
 18 








 
applications for registration thereof (whether or not filed); and (iv) processes, formulations, methods, software, technology, know-how, formulae, products, trade secrets and inventions and
any and all tangible embodiments related to any of the preceding (collectively, “Intellectual Property”) related to the Business, are owned or licensed by GES or that GES has any right to or interest in (the “GES
Intellectual Property”). For the avoidance of doubt, the GES Intellectual Property does not include (A) any Intellectual Property related to SWOP or WSS and (B) the corporate names, logos, domain names, websites and URLs owned by
GES, SWOP and WSS. 
 (b) The GES Intellectual Property constitutes all of the Intellectual Property used in, related to, associated with,
generated by or necessary to allow GES to carry on the Business as presently conducted. GES has ownership of, or valid licenses to use, all of the GES Intellectual Property, free and clear of all Liens, other than Permitted Liens. All consents
required under or pursuant to the GES Intellectual Property in connection with the transactions contemplated by this Agreement have been obtained and furnished in writing to GES. The making, using, or selling of products and the performance of
methods covered by the GES Intellectual Property, including any products resulting from such GES Intellectual Property or methods for making such products, whether on their own or in combination with any Intellectual Property to be purchased,
licensed, or used in connection with the development of, design of, procurement of equipment and technology for, construction of, ownership of, operation and maintenance of, and expansion or modification of the Business, does not infringe,
misappropriate, or otherwise violate (and no facts exist that are reasonably likely to give rise to any infringement, misappropriation or other violation of) any patent, copyright, trade secret, trademark, or other Intellectual Property of any
Person, and, except as set forth in Section 4.12(b) of the GES Disclosure Schedules, there is no action, suit, proceeding, or investigation pending or, to the Knowledge of GES, threatened, against GES or against any officer, manager, or
director of GES, or otherwise involving any GES Intellectual Property, technology, or product resulting from such GES Intellectual Property or methods for making such products, in any case alleging any such infringement, misappropriation, or other
violation . No GES Intellectual Property, including any products resulting from such GES Intellectual Property or methods for making such products, is subject to any outstanding order, judgment, decree, stipulation, or agreement restricting the use
thereof by GES. To the Knowledge of GES, no third party is infringing, misappropriating or otherwise violating or has infringed, misappropriated or otherwise violated any GES Intellectual Property, and there is no action, suit, proceeding, or
investigation pending or threatened by GES concerning any such violation. 
 (c) GES has taken all commercially reasonable measures to
protect, maintain, and exploit GES Intellectual Property, including protecting the confidentiality of trade secrets and other confidential information of GES and seeking trademark registration where appropriate, in each case with respect to the
development of, design of, construction of, procurement of equipment and technology for, operation and maintenance of, and modification or expansion of the Business. 

4.13 Litigation. Except as set forth in Section 4.13 of the GES Disclosure Schedules, there is no action, suit, proceeding
or investigation pending or, to the Knowledge of GES, threatened against GES, or against any officer, manager, member or director of GES in such individual’s capacity as such, or involving any assets of GES. GES is not a party or subject to any
material order, writ, injunction, judgment or decree of any court or government agency or instrumentality. 

  
 19 








 4.14 Insurance. Section 4.14 of the GES Disclosure Schedules sets forth a
complete list of GES’s insurance policies and all such policies are in full force and effect. There is no claim by or on behalf of GES pending under any such policies as to which coverage has been denied in writing or disputed in writing, or,
to the Knowledge of GES, orally, by the underwriter of such policy. 
 4.15 Financial Statements. The financial information provided
by GES to the Company for inclusion in the Company Offering Materials (i) is correct and was prepared by GES in good faith, (ii) does not contain any untrue statement of material fact and (iii) does not omit to state therein a
material fact required to be stated therein or necessary to make the statements therein not misleading. 
 4.16 Brokers. GES has not
engaged any broker, finder or agent in connection with the transactions contemplated by this Agreement so as to give rise to any claim against GES, the Company or RAC for any brokerage or finder’s commission, fee or similar compensation. 

4.17 Investment Representations. 

(a) GES is experienced in evaluating and investing in securities of companies in the development stage and acknowledges that it can bear the
economic risk of a complete loss of its investment, and has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of an investment in the GES Shares. GES has not been formed for the
specific purpose of acquiring the GES Shares. GES is familiar with the business and financial condition and operations of the Company and has had access to such information concerning the Company and the GES Shares as it deems necessary to enable it
to make an informed investment decision concerning the purchase or acquisition of the GES Shares. With the assistance of GES’s own professional advisors, to the extent that GES has deemed appropriate, GES has made its own legal, Tax, accounting
and financial evaluation of the merits and risks of an investment in the GES Shares and the consequences of this Agreement. GES has considered the suitability of the GES Shares as an investment in light of its own circumstances and financial
condition. 
 (b) GES is an “accredited investor” within the meaning of Securities and Exchange Commission Rule 501 of Regulation
D, as presently in effect (“Reg D”), under the Securities Act of 1933, as amended (the “Securities Act”). GES agrees to furnish any additional information requested by the Company or any of its representatives or
Affiliates to assure compliance with applicable U.S. federal and state securities laws in connection with the purchase and sale of the GES Shares. 

(c) The GES Shares to be acquired by GES under this Agreement will be acquired for investment for GES’s own account, not as a nominee or
agent, and not with a view to the resale or distribution of any part thereof. GES has no present intention of selling, granting any participation in, or otherwise transferring or distributing the GES Shares. GES does not presently have any contract,
undertaking, agreement or arrangement with any Person to sell, transfer or grant participation to such Person or to any third Person, with respect to any of the GES Shares. 

  
 20 








 (d) GES understands that no public market now exists for any of the securities issued by the
Company, and that no public market may ever exist for the GES Shares. 
 (e) GES confirms that it is not relying on any communication
(written or oral) of the Company or any of its representatives or Affiliates, as investment advice or as a recommendation to purchase or acquire the GES Shares. It is understood that information and explanations related to the terms and conditions
of the GES Shares provided by the Company or any of its representatives or Affiliates shall not be considered investment advice or a recommendation to purchase or acquire the GES Shares, and that neither the Company nor any of its representatives or
Affiliates is acting or has acted as an advisor to GES in deciding to invest in the GES Shares. GES acknowledges that neither the Company nor any of its representatives or Affiliates has made any representation regarding the proper characterization
of the GES Shares for purposes of determining GES’s authority to invest in the GES Shares. 
 (f) GES understands that the GES Shares
have not been registered under the Securities Act or under any state securities Laws or blue sky Laws by reason of specific exemptions under the provisions thereof which depend in part upon the investment intent of GES and of the other
representations made by GES in this Agreement. GES understands that the Company is relying upon the representations and agreements contained in this Agreement (and any supplemental information) for the purpose of determining whether this transaction
meets the requirements for such exemptions. GES further understands that as such the GES Shares are characterized as “restricted securities” under the Securities Act and that under the Securities Act and applicable regulations, such Shares
may be resold without registration under the Securities Act only in certain limited circumstances as provided by applicable Law. In this connection, GES represents that it is familiar with Rule 144 promulgated under the Securities Act, as presently
in effect, and understands the resale limitations imposed thereby and by the Securities Act. Consequently, GES understands that GES must bear the economic risks of the investment in the GES Shares for an indefinite period of time. GES understands
that no federal or state agency or other Governmental Authority has passed upon the merits or risks of an investment in the GES or made any finding or determination concerning the fairness or advisability of an investment in the GES Shares. 

(g) GES agrees: (A) that it will not sell, assign, pledge, give, transfer or otherwise dispose of the GES Shares or any interest therein,
or make any offer or attempt to do any of the foregoing, except pursuant to a registration of the GES Shares under the Securities Act and all applicable state securities Laws, or in a transaction which is exempt from the registration provisions of
the Securities Act and all applicable state securities Laws; (B) that any certificates, book entry notations or document representing the GES Shares may bear a legend making reference to the foregoing restrictions; and (C) that the Company
and its Affiliates shall not be required to give effect to any purported transfer of such GES Shares except upon compliance with the foregoing restrictions. 

  
 21 








 (h) GES acknowledges that neither the Company nor any other Person offered to sell the GES
Shares to it by means of any form of general solicitation or advertising, including but not limited to: (A) any advertisement, article, notice or other communication published in any newspaper, magazine or similar media or broadcast over
television or radio or (B) any seminar or meeting whose attendees were invited by any general solicitation or general advertising. 

(i) GES confirms that the Company has not (A) given any guarantee or representation as to the potential success, return, effect or
benefit (either legal, regulatory, Tax, financial, accounting or otherwise) of an investment in the GES Shares or (B) made any representation to the Buyer regarding the legality of an investment in the Securities under applicable legal
investment or similar laws or regulations. In deciding to purchase the Securities, the Buyer is not relying on the advice or recommendations of the Company and the Buyer has made its own independent decision that the investment in the Securities is
suitable and appropriate for the Buyer. 
 (j) GES will comply with all applicable laws and regulations in effect in any jurisdiction in
which GES purchases, acquires or sells GES Shares and obtain any consent, approval or permission required for such purchases, acquisitions or sales under the laws and regulations of any jurisdiction to which GES is subject or in which GES makes such
purchases, acquisitions or sales, and the Company shall have no responsibility therefor. 
 (k) There is no suit, action or legal,
administrative or arbitration proceeding (including any citations, complaints, consent orders, compliance schedules or other similar enforcement orders), claim or action or any governmental investigation pending against GES or, to the Knowledge of
GES, threatened against GES that questions or challenges GES’s participation, or right to participate in, the transactions contemplated by this Agreement. 

4.18 Corrupt Practices. Neither GES nor any manager, member, director, officer, agent, employee or, to the Knowledge of GES, any other
person associated with or acting on behalf of GES has used any funds of GES for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity, made any direct or indirect unlawful payment to any foreign or
domestic governmental official or employee; violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), or has made any illegal bribe,
rebate, payoff, influence payment, kickback or other unlawful payment; and GES has conducted the Business in material compliance with the FCPA and analogous state laws and has instituted and maintains policies and procedures designed to ensure, and
which are reasonably expected to continue to ensure, continued material compliance therewith. 
 4.19 Assigned Contracts. 

(a) The contracts set forth in Section 2.1(b) of the GES Disclosure Schedules and in Section 4.19 of the GES
Disclosure Schedules are correct and complete lists of the agreements, contracts, commitments and understandings, written or oral, to which GES is a party or is subject, and which relate in any respect to the Rig Contract or the Business
(collectively, the “Assigned Contracts”). 

  
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 (b) There is no (i) default in any material respect on the part of GES under any Assigned
Contract or (ii) to the Knowledge of GES, default in any material respect on the part of the other party or parties under the provisions of any Assigned Contract. All Assigned Contracts are valid, binding and in full force and effect and are
enforceable by GES in accordance with their terms, except (1) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other Laws of general application affecting enforcement of creditors’ rights generally and
(2) as limited by Laws relating to the availability of specific performance, injunctive relief or other equitable remedies. 
 4.20
Employment and Labor Matters. 
 (a) Section 4.20(a) of the GES Disclosure Schedules sets forth a correct and complete
list of all persons employed by GES with respect to the Business to whom the Company will offer employment pursuant to Section 8.1 (the “Transferred Employees”) and their respective start dates, positions, salary or
wages, days/weeks of vacation, service credit with GES, outstanding vacation, bonus for fiscal year 2010, projected or anticipated bonus for fiscal year 2011. At the Closing, GES will provide flexible spending account balances of the Transferred
Employess as of the Effective Time. 
 (b) Section 4.20(b) of the GES Disclosure Schedules sets forth a correct and complete
list of all independent contractors engaged by GES with respect to the Business to whom the Company will offer engagement pursuant to Section 8.1 (the “Transferred Contractors”) and their respective start dates,
positions and wage rate. 
 (c) Except as disclosed in Section 4.20(c) of the GES Disclosure Schedules, there is no labor
trouble, dispute, grievance, controversy, strike or request for union representation pending or, to the Knowledge of GES, threatened against GES or affecting the Business. 

(d) GES is in compliance with all applicable Laws regarding employment and employment practices, terms and conditions of employment and wages
and hours, and is not engaged in any unfair labor practice. There are no disputes pending or, to GES’s Knowledge, threatened, between GES and any of the Transferred Employees, which controversies have resulted, or could reasonably be expected
to result, in a Proceeding for which GES could be liable. There is no unfair labor practice charge or complaint against GES pending before the National Labor Relations Board, the Equal Employment Opportunity Commission, the Department of Labor, the
Office of Federal Contract Compliance Programs, the Occupational Safety and Health Administration, the labor relations board or comparable body of any state or foreign jurisdiction, or any Governmental Authority, and, to GES’s Knowledge, none
is or has been threatened for which GES could be liable. 
 (e) Except as set forth on Section 4.20(e) of the GES Disclosure
Schedules, GES is not a party to, or bound by, any collective bargaining agreement, employment contract or consulting agreement with regard to any of the Transferred Employees. Neither GES nor, to the Knowledge of GES, any of the Transferred
Employees is in violation of any term of any employment contract, noncompetition agreement, collective bargaining agreement, or any restrictive covenant to a former employer relating to the right of any such Transferred Employee


  
 23 








 
to be employed by GES because of the nature of the Business or to the use of proprietary information of others. None of the Transferred Employees has given notice to GES, nor, to the Knowledge of
GES, does any such Transferred Employee intend to, terminate his or her employment or engagement with GES. 
 4.21 Employee Benefit
Plans. 
 (a) With respect to all Benefit Plans, including those in which the Transferred Employees are participants: 

(i) all Benefit Plans are in material compliance and have been administered in form and in operation with all material
requirements of Law applicable thereto, and there has been no notice issued by any Governmental Authority questioning or challenging such compliance; 

(ii) GES Parent sponsors the Global Energy Services Profit Sharing and Savings Plan (the “401(k) Plan”);
except as disclosed in Section 4.21(a)(iii) of the GES Disclosure Schedules, to the knowledge of GES, the 401(k) Plan complies in form and in operation with all applicable requirements of sections 401(a) and 501 of the Code, the 401(k)
Plan has been determined by the Internal Revenue Service (the “IRS”) to be qualified under section 401(a) and 501 of the Code, and no event has occurred which would reasonably be expected to adversely affect the 401(k) Plan’s
qualified status under such sections of the Code or to a Tax under section 501 of the Code; and GES has previously delivered to the Company a complete and accurate copy of the most recent determination letter that GES has received from the IRS with
respect to the qualified status of the 401(k) Plan; 
 (iii) no action has been taken to correct any defects with respect to
any Benefit Plan under any IRS correction procedure and, to the Knowledge of GES, no such action is required; 
 (iv) except
as disclosed in Section 4.21(a)(v) of the GES Disclosure Schedules, neither the execution of this Agreement nor the consummation of the transactions contemplated by this Agreement will, either alone or in combination with another event
result in (A) any payment of severance or other compensation to any current or former employee of GES or (B) result in the acceleration of the time of payment or vesting of any compensation or benefit; 

(v) except as disclosed in Section 4.21(a)(vi) of the GES Disclosure Schedules, no Benefit Plan provides any type
of severance or similar payments to employees of GES; and 
 (vi) there are no material actions, suits or claims (other than
routine claims for benefits) pending or, to the Knowledge of GES, threatened involving such Benefit Plans or the assets thereof, and, to the Knowledge of GES, no facts exist which could give rise to any such actions, suits or claims (other than
routine claims or benefits). 

  
 24 








 (b) Neither GES nor any ERISA Affiliate has any liability with respect to or in the preceding
six years participated in any union-sponsored multiemployer welfare benefit fund maintained pursuant to any “employee welfare benefit plan” as defined in Section 3(1) of ERISA. 

(c) Neither GES nor any ERISA Affiliate has any liability with respect to, or in the preceding six years, maintained, contributed to, had an
obligation to contribute to, or incurred any liability with respect to, either (i) a Multiemployer Plan (as that term is defined below) or (b) an employee pension benefit plan (as defined in Section 3(2) of ERISA) that is or was
subject to Title IV of ERISA or Section 412 or Section 430 of the Code or Section 302 or Section 303 of ERISA. There is no Lien on any of the GES Contributed Assets that is imposed under the Code or ERISA and no fact or
circumstance exists that could reasonably be expected to give rise to any such Lien and none of the GES Contributed Assets, none of the other assets of GES, and none of the assets of any ERISA Affiliate is subject to any Lien arising under
section 303(k) of ERISA or section 430(k) of the Code. 
 (d) Each Benefit Plan and welfare plan of any ERISA Affiliate which
constitutes a “group health plan” (as defined in section 607(1) of ERISA or section 4980B(g)(2) of the Code), has been operated in compliance with applicable Law in all material respects, including Section 4980B(f) of the Code. 

(e) Except as disclosed in Section 4.21(e) of the GES Disclosure Schedules, neither GES nor any ERISA Affiliate has liability
under any Benefit Plan or otherwise for providing post-retirement medical or life insurance benefits, other than statutory liability for providing group health plan continuation coverage under Part 6 of Title 1 of ERISA and section 4980B (or any
predecessor section thereto) of the Code. 
 (f) Except as disclosed in Section 4.21(f) of the GES Disclosure Schedules, there
are no pending claims against GES under any workers compensation plan or policy or for long term disability. 
 (g) Except as disclosed in
Section 4.21(g) of the GES Disclosure Schedule, none of the Benefit Plans is subject to Section 409A of the Code. 
 (h)
For the purpose of this Agreement, “Benefit Plan” shall mean (A) any “employee welfare benefit plan” and “employee pension benefit plan” as those terms are respectively defined in sections 3(1) and 3(2)
of ERISA (whether or not such plan is subject to ERISA), (B) any “multiemployer plan” (as defined in section 3(37) or 4001(a)(3) of ERISA) (a “Multiemployer Plan”) and (C) any other retirement or deferred
compensation plan, incentive compensation plan, stock plan, unemployment compensation plan, vacation pay, severance pay, bonus or benefit arrangement, insurance or hospitalization program, employment agreement, covenant not to compete and any other
employee benefit plan, program, agreement or arrangement sponsored, maintained, or contributed to by GES or any person that as of any date during the six-year period immediately preceding the Closing Date, was or is required to be


  
 25 








 
treated as a single employer under Section 414 of the Code or Section 4001(a)(14) of ERISA with GES (an “ERISA Affiliate”) for the benefit of GES employees or former
employees and their respective dependents or with respect to which GES has any liability or may have any contingent liability. “ERISA” shall mean the Employee Retirement Income Security Act of 1974 and the rules and regulations
promulgated thereunder, as amended from time to time. 
 4.22 Transactions with Affiliates. Except as set forth in
Section 4.22 of the GES Disclosure Schedules and as to the transactions contemplated by this Agreement, to the Knowledge of GES, none of GES’s Affiliates is a party to or subject to any agreements, contracts or obligations related
to the Business or any of the GES Contributed Assets, and none of such Affiliates has any ownership interest, directly or indirectly, in any firm, corporation or other entity that competes with GES. As used in this Agreement,
“Affiliate” means (i) with respect to GES, the GES Parent and its subsidiaries, including SWOP and WSS, any direct or indirect equity owner of any such entities, any Affiliate or family member of any such equity owner, or any
officer, director, manager or employee of any such equity owners, and any employees, officers, managers or directors of such entities (other than managers or directors representing direct or indirect investors in such entities). 

4.23 Updated Disclosure Schedules at Closing. In connection with the certificate to be delivered to the Company by GES at Closing
pursuant to Section 3.2(f), GES shall provide to the Company an updated copy of the GES Disclosure Schedules to ensure that all of the representations and warranties made by GES in this Section 4 are correct and complete in
all material respects on and as of the Closing Date. No disclosure made by GES pursuant to this Section 4.23 shall be deemed to amend or supplement the GES Disclosure Schedules or to prevent or cure any misrepresentation of breach of
warranty or covenant. 
 5. REPRESENTATIONS AND WARRANTIES OF RAC. RAC represents and warrants the following as of the date hereof,
and as of the Closing Date, except to the extent that the representation or warranty is limited to a specific period of time, to the Company as follows: 

5.1 Title to and Adequacy of RAC Contributed Assets. RAC has good, complete and marketable title to all of the RAC Contributed Assets,
free and clear of all Liens of any kind or nature whatsoever. All of the RAC Contributed Assets are in the exclusive possession and control of RAC and RAC has the unencumbered right to use, and the right to transfer to the Company in accordance with
the terms and provisions of this Agreement, all of the RAC Contributed Assets without interference from and free of the rights and claims of all others. 

5.2 No Prior Assignment. RAC has not previously assigned, transferred, pledged or otherwise encumbered or granted any right, license or
interest in, to or under the RAC Contributed Assets, or any portion thereof. 
 5.3 Organization; Good Standing; Qualification and
Power. RAC is a limited liability company duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation and has all requisite limited liability company power and authority to own, lease or otherwise hold
its properties and assets and to carry on its business as presently conducted. RAC is duly licensed or qualified to transact business as a foreign limited liability 

  
 26 








 
company and is in good standing in each jurisdiction in which the nature of the business transacted by it or the character of the properties owned or leased by it requires such licensing or
qualification, except for those jurisdictions where the failure to be so licensed, qualified or in good standing would not have a material adverse effect on the business, condition (financial or otherwise), properties, assets, results of operations
or liabilities of RAC, or impair the ability of RAC to close the transactions contemplated by this Agreement (a “RAC Material Adverse Effect”). 

5.4 Authorization. RAC has full limited liability company power and authority to execute and deliver this Agreement, to purchase the RAC
Shares, and to consummate the transactions contemplated by this Agreement. Any and all limited liability company action on the part of RAC and its officers, managers and members necessary for the authorization, execution and delivery of this
Agreement, and the performance of all obligations of RAC hereunder and thereunder, has been taken. This Agreement has been duly and validly executed and delivered and constitutes a valid and legally binding obligation of RAC, enforceable against RAC
in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other Laws of general application affecting enforcement of creditors’ rights generally and (ii) as limited by
Laws relating to the availability of specific performance, injunctive relief or other equitable remedies. 
 5.5 Compliance with Laws.
Neither RAC, nor, to the Knowledge of RAC, any of its directors, officers, employees, agents or consultants, is in violation of any Law applicable to RAC, and the issuance of all membership interests in RAC has been in compliance with all applicable
Laws, including the Securities Act. 
 5.6 Rig Contract. There is no (i) default in any material respect on the part of RAC under
the Rig Contract or (ii) to RAC’s Knowledge, default in any material respect on the part of the other party or parties under the provisions of the Rig Contract. The Rig Contract is valid, binding and in full force and effect and is
enforceable by RAC in accordance with its terms, except (1) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other Laws of general application affecting enforcement of creditors’ rights generally and
(2) as limited by Laws relating to the availability of specific performance, injunctive relief or other equitable remedies. 
 5.7
Brokers. RAC has not engaged any broker, finder or agent in connection with the transactions contemplated by this Agreement so as to give rise to any claim against RAC for any brokerage or finder’s commission, fee or similar
compensation. 
 5.8 Tax Matters. 

(a) All Tax Returns required to be filed that encompass or relate in any manner to the RAC Contributed Assets have been duly and timely filed
(subject to all applicable extensions), and all such Tax Returns are true, complete and correct in all material respects. 
 (b) All Taxes
(whether or not shown on any Tax Return) relating to the RAC Contributed Assets that are due and payable have been timely paid (subject to all applicable extensions). 

  
 27 








 (c) Except for Taxes not yet due and payable, (i) there are no Liens for unpaid Taxes upon
the RAC Contributed Assets, and (ii) no claim for unpaid Taxes has been made by any Tax authority that could give rise to any such Lien. 

(d) RAC is classified as a partnership for U.S. federal income tax purposes, and will continue to be classified as a partnership for U.S.
federal income tax purposes, at all times through the Closing. 
 5.9 Investment Representations. 

(a) RAC is experienced in evaluating and investing in securities of companies in the development stage and acknowledges that it can bear the
economic risk of a complete loss of its investment, and has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of an investment in the RAC Shares. RAC has not been formed for the
specific purpose of acquiring the RAC Shares. RAC is familiar with the business and financial condition and operations of the Company and has had access to such information concerning the Company and the RAC Shares as it deems necessary to enable it
to make an informed investment decision concerning the purchase or acquisition of the RAC Shares. With the assistance of RAC’s own professional advisors, to the extent that RAC has deemed appropriate, RAC has made its own legal, Tax, accounting
and financial evaluation of the merits and risks of an investment in the RAC Shares and the consequences of this Agreement. RAC has considered the suitability of the RAC Shares as an investment in light of its own circumstances and financial
condition. 
 (b) RAC is an “accredited investor” within the meaning of Securities and Exchange Commission Rule 501 of Reg D under
the Securities Act. RAC agrees to furnish any additional information requested by the Company or any of its representatives or Affiliates to assure compliance with applicable U.S. federal and state securities laws in connection with the purchase and
sale of the RAC Shares. 
 (c) The RAC Shares to be acquired by RAC under this Agreement will be acquired for investment for RAC’s own
account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof. Subject to distributions being made to the members of RAC pursuant to the provisions of the Amended and Restated Limited Liability
Company Agreement of RAC, neither RAC nor any member of RAC has the present intention of selling, granting any participation in, or otherwise transferring or distributing the RAC Shares. RAC does not presently have any contract, undertaking,
agreement or arrangement with any Person to sell, transfer or grant participation to such Person or to any third Person, with respect to any of the RAC Shares. 

(d) RAC understands that no public market now exists for any of the securities issued by the Company, and that no public market may ever
exist for the RAC Shares. 
 (e) RAC confirms that it is not relying on any communication (written or oral) of the Company or any of its
representatives or Affiliates, as investment advice or as a recommendation to purchase or acquire the RAC Shares. It is understood that information and explanations related to the terms and conditions of the RAC Shares provided by the Company or any
of its representatives or Affiliates shall not be considered investment advice or a recommendation to purchase or acquire the RAC Shares, and that neither the Company nor 

  
 28 








 
any of its representatives or Affiliates is acting or has acted as an advisor to RAC in deciding to invest in the RAC Shares. RAC acknowledges that neither the Company nor any of its
representatives or Affiliates has made any representation regarding the proper characterization of the RAC Shares for purposes of determining RAC’s authority to invest in the RAC Shares. 

(f) RAC understands that the RAC Shares have not been registered under the Securities Act or under any state securities Laws or blue sky Laws
by reason of specific exemptions under the provisions thereof which depend in part upon the investment intent of RAC and of the other representations made by RAC in this Agreement. RAC understands that the Company is relying upon the representations
and agreements contained in this Agreement (and any supplemental information) for the purpose of determining whether this transaction meets the requirements for such exemptions. RAC further understands that as such the RAC Shares are characterized
as “restricted securities” under the Securities Act and that under the Securities Act and applicable regulations, such Shares may be resold without registration under the Securities Act only in certain limited circumstances as provided by
applicable Law. In this connection, RAC represents that it is familiar with Rule 144 promulgated under the Securities Act, as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act. Consequently, RAC
understands that RAC must bear the economic risks of the investment in the RAC Shares for an indefinite period of time. RAC understands that no federal or state agency or other Governmental Authority has passed upon the merits or risks of an
investment in the RAC or made any finding or determination concerning the fairness or advisability of an investment in the RAC Shares. 

(g) RAC agrees: (A) that it will not sell, assign, pledge, give, transfer or otherwise dispose of the RAC Shares or any interest therein,
or make any offer or attempt to do any of the foregoing, except pursuant to a registration of the RAC Shares under the Securities Act and all applicable state securities Laws, or in a transaction which is exempt from the registration provisions of
the Securities Act and all applicable state securities Laws; (B) that any certificates, book entry notations or document representing the RAC Shares may bear a legend making reference to the foregoing restrictions; and (C) that the Company
and its Affiliates shall not be required to give effect to any purported transfer of such RAC Shares except upon compliance with the foregoing restrictions. 

(h) RAC acknowledges that neither the Company nor any other Person offered to sell the RAC Shares to it by means of any form of general
solicitation or advertising, including but not limited to: (A) any advertisement, article, notice or other communication published in any newspaper, magazine or similar media or broadcast over television or radio or (B) any seminar or
meeting whose attendees were invited by any general solicitation or general advertising. 
 (i) RAC confirms that the Company has not
(A) given any guarantee or representation as to the potential success, return, effect or benefit (either legal, regulatory, Tax, financial, accounting or otherwise) of an investment in the RAC Shares or (B) made any representation to the
Buyer regarding the legality of an investment in the Securities under applicable legal investment or similar laws or regulations. In deciding to purchase the Securities, the Buyer is not relying on the advice or recommendations of the Company and
the Buyer has made its own independent decision that the investment in the Securities is suitable and appropriate for the Buyer. 

  
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 (j) RAC will comply with all applicable laws and regulations in effect in any jurisdiction in
which RAC purchases, acquires or sells RAC Shares and obtain any consent, approval or permission required for such purchases, acquisitions or sales under the laws and regulations of any jurisdiction to which RAC is subject or in which RAC makes such
purchases, acquisitions or sales, and the Company shall have no responsibility therefor. 
 (k) There is no suit, action or legal,
administrative or arbitration proceeding (including any citations, complaints, consent orders, compliance schedules or other similar enforcement orders), claim or action or any governmental investigation pending against RAC or, to the Knowledge of
RAC, threatened against RAC that questions or challenges RAC’s participation, or right to participate in, the transactions contemplated by this Agreement. 

6. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company hereby represents and warrants as of the date hereof, and as of the
Closing Date, except to the extent that the representation or warranty is limited to a specific period of time, to the Contributors, subject to such qualifications and exceptions set forth on the Company Disclosure Schedules attached hereto as
Annex B (the “Company Disclosure Schedules”): 
 6.1 Organization; Good Standing; Qualification. The
Company is an entity duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation and has all requisite corporate power and authority to own, lease or otherwise hold its properties and assets and to carry on
its business as presently conducted. The Company is duly licensed or qualified to transact business as a foreign corporation and is in good standing in each jurisdiction in which the nature of the business transacted by it or the character of the
properties owned or leased by it requires such licensing or qualification, except for those jurisdictions where the failure to be so licensed, qualified or in good standing would not have a material adverse effect on the business, condition
(financial or otherwise), properties, assets, results of operations or liabilities of the Company (a “Company Material Adverse Effect”). 

6.2 Capitalization and Voting Rights. 

(a) On the Closing Date, after the Closing and immediately following the issuance of the Shares and the closing of that certain offering of
common stock of the Company for a minimum of $100,000,000 and up to $250,000,000, in a transaction qualifying under Rule 144A of the Securities Act and being managed by FBR Capital Markets (the “Rule 144A Offering”), the Company
will have the capitalization set forth on Section 6.2(a) of the Company Disclosure Schedules. Except as set forth in Section 6.2(a) of the Company Disclosure Schedules, there are no equity interests in the Company issued,
reserved for issuance or outstanding. 

  
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 (b) Except as contemplated by this Agreement or the Rule 144A Offering, or as set forth in
Section 6.2(b) of the Company Disclosure Schedules, there is not outstanding any option, warrant, right (contingent or other, including conversion, exchange, participation, right of first refusal, co-sale or preemptive rights) or
agreement for the purchase or acquisition from the Company of any of its equity interests or any options, warrants or rights convertible into or exchangeable for any such equity interests, other than any such option, warrant, right or agreement held
by or for the benefit of the Company. Except as contemplated by this Agreement or the Rule 144A Offering, or as set forth in Section 6.2(b) of the Company Disclosure Schedules, there is no written agreement by the Company to issue equity
interests, subscriptions, warrants, options, convertible or exchangeable securities or other such rights or to distribute to holders of its equity securities any evidence of indebtedness or asset. Except as contemplated by this Agreement and the
Rule 144A Offering: (i) the Company is not a party or subject to any written agreement, and, to the Knowledge of the Company, there is no written agreement between or among any holders of the Company’s equity interests, relating to the
acquisition or disposition of any security of the Company, including any preemptive rights, rights of first offer or rights of first refusal, or to voting or giving written consents with respect to any security of the Company, including any voting
trust agreement; (ii) the Company does not have any written agreement (contingent or otherwise) to purchase, redeem or otherwise acquire any of its equity interests or other securities or any interest therein or to pay any dividend or make any
other accrual or distribution in respect thereof; and (iii) no Person is entitled to any preemptive or similar right with respect to the issuance of any equity interests or other securities of the Company. 

6.3 Authorization. The Company has all corporate power and authority to execute and deliver this Agreement, to issue and sell the
Shares, and to consummate the transactions contemplated by this Agreement. Any and all corporate action on the part of the Company and its officers, directors and shareholders necessary for the authorization, execution and delivery of this
Agreement, and the performance of all obligations of the Company hereunder and thereunder, has been taken. This Agreement has been duly and validly executed and delivered and constitutes a valid and legally binding obligation of the Company,
enforceable against the Company in accordance with its respective terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other Laws of general application affecting enforcement of creditors’ rights
generally and (ii) as limited by Laws relating to the availability of specific performance, injunctive relief or other equitable remedies. 

6.4 Valid Issuance of Shares. The Shares that are being issued to the Contributors hereunder, when issued, sold and delivered in
accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid and nonassessable, and will be free and clear of all Liens and restrictions imposed by or through the Company other than
restrictions as set forth in this Agreement and under applicable state and federal securities laws. Except as set forth in Section 6.4 of the Company Disclosure Schedules, no stock transfer Taxes are due as a result of the issuance and
purchase of the Shares. 
 6.5 Intentionally Deleted. 

6.6 Consents. Other than requirements in connection with Reg D or other applicable federal securities laws or under state securities and
blue sky Laws, and other than with respect to the Rule 144A Offering, and other than with respect to the corporate authorization of this Agreement, the issuance of the Shares, the Rule 144A Offering and the transactions contemplated by any of the
foregoing, no consent, approval, order or authorization of, or registration, qualification, or filing with, any Governmental Authority or Person is required on the part of the Company in connection with the execution, delivery and performance by the
Company of this Agreement and the issuance, sale and delivery of the Shares. 

  
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 6.7 Intentionally Deleted. 

6.8 Transactions with Affiliates. Except as set forth in Section 6.8 of the Company Disclosure Schedules and except for the
transactions contemplated by this Agreement, the Company is not a party to or subject to any agreements, contracts or obligations with any Affiliate of the Company, any direct or indirect equity owner of the Company, any Affiliate or family member
of any such equity owner, or any officer, director, manager or employee of the Company. To the Knowledge of the Company, none of such Persons has any ownership interest, directly or indirectly, in any firm, corporation or other entity that competes
materially and directly with the Company. As used in this Agreement, “Affiliate” means with respect to the Company, the subsidiaries of the Company, any direct or indirect equity owner of the Company, any Affiliate or family member
of any such equity owner, or any officer, director, manager or employee of any such equity owners, and any employees, officers, managers or directors of such entities (other than managers or directors representing direct or indirect investors in
such entities). 
 6.9 Registration Rights. Except as contemplated by the Registration Rights Agreement and the documents related to
the Rule 144A Offering or otherwise related to registration rights under this Agreement or any document related hereto, the Company has not granted or agreed to grant any registration rights with respect to the registration of its securities under
the Securities Act, including piggyback registration rights, to any Person. 
 6.10 Disclosure. The Company has made available to the
Contributors all the information reasonably available to the Company that the Contributors have requested for deciding whether to acquire the Shares, including certain of the Company’s projections describing its proposed business plan, which
were prepared in good faith, but the Company makes no representation or warranty regarding the accuracy of such projections. 
 6.11
Brokers. Other than FBR Capital Markets, the Company has not engaged any broker, finder or agent in connection with the transactions contemplated by this Agreement so as to give rise to any claim against any Contributor or the Company for any
brokerage or finder’s commission, fee or similar compensation. 
 6.12 Tax Matters. 

(a) Prior to the contributions of the GES Contributed Assets and the RAC Contributed Assets pursuant to this Agreement, the Company has, since
its formation, had no assets or operations. 

  
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 (b) There is no plan or intention by the Company to dispose of any of the Contributed Assets
other than in the normal course of business operations. 
 (c) There is no plan or intention on the part of the Company to redeem or
otherwise reacquire any of the GES Shares, the RAC Shares, or the common stock issued pursuant to the Rule 144A Offering. 
 (d) Other than
with respect to the issuance of the GES Shares, the RAC Shares, and the common stock pursuant to the Rule 144A Offering, there is no binding obligation on the Company to issue any stock in the Company. 

6.13 Updated Disclosure Schedules at Closing. In connection with the certificate to be delivered to the Contributors by the Company at
Closing pursuant to Section 3.4(h), the Company shall provide to the Contributors an updated copy of the Company Disclosure Schedules to ensure that all of the representations and warranties made by the Company in this
Section 6 are correct and complete in all material respects on and as of the Closing Date. No disclosure made by the Company pursuant to this Section 6.13 shall be deemed to amend or supplement the Company Disclosure
Schedules or to prevent or cure any misrepresentation of breach of warranty or covenant. 
 7. SURVIVAL OF REPRESENTATIONS;
INDEMNIFICATION 
 7.1 Survival of Representations Made by Each Contributor. 

(a) Except as set forth in Section 7.1(b), the representations and warranties made by GES contained in Section 4 and
the representations and warranties made by RAC contained in Section 5 shall survive the Closing and shall continue for a one (1) year period following the Closing. The covenants and agreements of the Contributors contained in this
Agreement shall survive until fully performed in accordance with their terms. 
 (b) The representations and warranties of GES contained
Section 4.9 (Environmental Matters), Section 4.11 (Taxes), Section 4.12 (Intellectual Property), Section 4.17 (Investment Representations), Section 4.20 (Employment and Labor Matters) and
Section 4.21 (Employee Benefit Plans) and the representations and warranties of RAC contained in Section 5.8 (Taxes) and Section 5.9 (Investment Representations) shall survive until the expiration of the
applicable statute of limitations (after taking into account any tolling, extensions, mitigation or waiver thereof) plus sixty (60) days, at which time such representations and warranties and any right to make an indemnification claim based
thereon shall terminate. The representations and warranties of the GES contained in Section 4.1 (Title to GES Contributed Assets), Section 4.2 (No Prior Assignment), Section 4.3 (Qualification and Power),
Section 4.4 (Authority), Section 4.5 (Consents) and Section 4.15 (Brokers), and of RAC contained in Section 5.1 (Title to RAC Contributed Assets), Section 5.2 (No Prior Assignment),
Section 5.3 (Qualification and Power), Section 5.4 (Authority) and Section 5.7 (Brokers) shall survive indefinitely. The representations and warranties of GES contained in Section 4.1 (Title to GES
Contributed Assets), Section 4.2 (No Prior Assignment), Section 4.3 (Qualification and Power), Section 4.4 (Authority) and Section 4.11 (Taxes) shall be referred to herein as the “Fundamental
GES Representations”), and the representations and warranties of RAC contained in Section 5.1 (Title to RAC Contributed Assets), Section 5.2 (No Prior Assignment), Section 5.3 (Qualification and Power),
Section 5.4 (Authority) and Section 5.8 (Taxes) shall be referred to herein as “Fundamental RAC Representations”). 

  
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 7.2 Agreement to Indemnify by GES. 

(a) Subject to the terms and conditions of this Section 7.2, GES shall indemnify, defend and hold harmless the Company and its
successors and assigns, representatives and Affiliates, and each of its directors, officers, partners, members, managers, employees and agents (collectively, the “Company Group”) from and against all claims, actions or causes of
action, assessments, demands, losses, damages, judgments, fines, settlements, liabilities, costs, Taxes and expenses, including interest, penalties and reasonable attorneys’, experts’ and accounting fees and expenses of any nature
whatsoever (collectively, “Damages”), asserted against, suffered by, imposed upon or incurred by any member of the Company Group to the extent caused by, arising out of or resulting from (i) a breach of any representation or
warranty of GES contained herein, (ii) a breach of any covenant or agreement of GES contained herein or (iii) the GES Retained Liabilities. The indemnity provided for in this Section 7.2 is not limited to third-party claims
against members of the Company Group. Except in the case of fraud, the indemnification provided in this Section 7.2 shall be the sole and exclusive remedy of the Company with respect to breaches of any representation or warranty of GES
contained herein. Notwithstanding the foregoing, GES shall not be liable for Damages for any matter described under Section 7.2(a)(i) unless the total of all Damages in respect of claims made under this Section 7.2(a)(i) by
the Company Group for indemnification from GES shall exceed $1,800,000.00 in the aggregate (the “GES Threshold”), and then for the entire amount of such Damages, including the Threshold; provided, however, that such
limitation shall not apply in the case of fraud or with respect to a breach of any Fundamental GES Representation. The maximum aggregate amount for which GES shall be liable to the Company Group for all Damages for any matter described under this
Section 7.2(a)(i) shall not exceed $18,000,000.00 (the “GES Cap”); provided, however, that such limitation shall not apply in the case of fraud or with respect to a breach of any Fundamental GES
Representation. Except for Damages arising from third-party claims for Damages payable in cash, which shall be payable by GES solely in cash, GES shall have the option, in its sole discretion, to satisfy any indemnification obligation under this
Section 7.2 by payment in cash or by the forfeiture of the number of GES Shares equal to (y) the amount of the indemnification obligation owed by GES, divided by (z) the Per Share Fair Market Value of the GES Shares at the time
such indemnification obligation is owed to the Company. 
 (b) Notwithstanding any provision herein to the contrary, GES shall indemnify and
hold harmless each of the members of the Company Group from and against any and all Damages (including reasonable costs of investigation) asserted against, suffered by, imposed upon or incurred by each of the members of the Company Group arising out
of or based upon (i) the failure of the Rule 144A Offering to comply with the Securities Act and all applicable federal and state securities and blue sky Laws or (ii) any untrue statement or alleged untrue statement of material fact
contained in the Company Offering Materials or in any amendment or supplement thereto or arising out of or based upon any omission or alleged omission to state therein material fact required to be stated therein or necessary to make the statements
therein not misleading, except insofar as such Damages arise out of or are based upon 

  
 34 








 
any untrue statement or omission or alleged untrue statement or omission that has been made therein or omitted therefrom in reliance upon and in conformity with the information relating to the
Company or the Business furnished in writing by or on behalf of the Company expressly for use in connection with the Company Offering Materials. 

7.3 Agreement to Indemnify by RAC. Subject to the terms and conditions of this Section 7.3, RAC shall indemnify, defend and
hold harmless the Company Group from and against all Damages asserted against, suffered by, imposed upon or incurred by any member of the Company Group to the extent caused by, arising out of or resulting from (a) a breach of any representation
or warranty of RAC contained herein, (b) a breach of any covenant or agreement of RAC contained herein or (c) the RAC Retained Liabilities. The indemnity provided for in this Section 7.3 is not limited to third-party claims
against members of the Company Group. Except in the case of fraud, the indemnification provided in this Section 7.3 shall be the sole and exclusive remedy of the Company with respect to breaches of any representation or warranty of RAC
contained herein. Notwithstanding the foregoing, RAC shall not be liable for Damages for any matter described under Section 7.3(a) unless the total of all Damages in respect of claims made under this Section 7.3(a) by the
Company Group for indemnification from RAC shall exceed, in the aggregate, 5% of the Aggregate Value of the RAC Contributed Assets (the “RAC Threshold”) and then for the entire amount of the Damages, including the RAC Threshold;
provided, however, that such limitation shall not apply in the case of fraud or with respect to a breach of any Fundamental RAC Representation. The maximum aggregate amount for which RAC shall be liable to the Company Group for all
Damages for any matter described under this Section 7.3(a) shall not exceed 50% of the Aggregate Value of the RAC Contributed Assets (the “RAC Cap”); provided, however, that such limitation shall not apply
in the case of fraud or with respect to a breach of any Fundamental RAC Representation. Any indemnification obligation of RAC under this Section 7.3 shall be satisfied in full by the forfeiture of the number of RAC Shares equal to
(i) the amount of the indemnification obligation owed by RAC, divided by (ii) the Per Share Fair Market Value of the RAC Shares at the time such indemnification obligation is owed to the Company. The amounts of the RAC Threshold and the
RAC Cap shall be definitively determined and set forth on Exhibit H at the Closing. 
 7.4 Per Share Fair Market Value.
For the purpose of this Agreement, “Per Share Fair Market Value” shall be determined as follows: 
 (i) If
the Company’s common stock is publicly traded at the date on which the Per Share Fair Market Value is to be determined, the Per Share Fair Market Value shall equal the average closing price for the Company’s common stock for the thirty
(30) trading days immediately preceding the date on which Per Share Fair Market Value is to be determined. 
 (ii) If
the Company’s common stock is not publicly traded on the date of such determination, the Per Share Fair Market Value shall be determined by an agreement between the Company and GES or RAC, as applicable (the “Indemnifying
Party”), within fifteen (15) days after the date in question; provided, however, if the Company and the Indemnifying Party are unable to agree upon such valuation within such time period, the Per Share Fair Market Value
shall be determined by an appraisal firm mutually selected by the 

  
 35 








 
Company and the Indemnifying Party, which appraisal shall be binding on both the Company and the Indemnifying Party. In the event the Company and the Indemnifying Party are unable to agree on the
selection of an appraisal firm within ten (10) days, then each party shall, within ten (10) days thereafter, select an appraisal firm to appraise the Per Share Fair Market Value of the common stock of the Company, and the two selected
appraisers shall select a third appraiser. All three appraisers shall have experience in appraising businesses similar in type and nature to the Company for at least ten (10) years. Each appraisal firm so selected shall furnish the Company and
the Indemnifying Party with a written appraisal within thirty (30) days of its selection, setting forth its determination of the Per Share Fair Market Value as of the date of the indemnification obligation is owed to the Company. Such appraisal
shall assume that the operation of the Company’s assets shall be the highest and best use thereof, and the appraisal shall include value for any intangible assets of the Company, such as goodwill. The Per Share Fair Market Value shall be agreed
upon by the three appraisers; provided, however, that if the three appraisers cannot agree upon such value, then the valuations of each of the three appraisers shall be submitted to the Company and the Indemnifying Party and the Per
Share Fair Market Value shall be determined as follows: 
 (A) If any two or more of the appraisers are able to agree on the
Per Share Fair Market Value, then such value shall be the Per Share Fair Market Value. 
 (B) If no two appraisers agree upon
such value, then the Per Share Fair Market Value shall be determined in the following manner: 
 (1) If the highest value
set by one appraiser is not more than one hundred ten percent (110%) of the next lower value set by another appraiser and the lowest value set by one appraiser is not less than ninety percent (90%) of the next higher value set by another
appraiser, then the values set by the three appraisers shall be added together and divided by three, and the amount resulting shall represent the Per Share Fair Market Value. 

(2) If the highest value set by one appraiser is more than one hundred ten percent (110%) of the next lower value set by
another appraiser, then the highest value shall be reduced to an amount equal to said one hundred ten percent (110%) figure; and if the lowest value set by one appraiser is less than ninety percent (90%) of the next higher value set by
another appraiser, then the lowest value shall be increased to an amount equal to said ninety percent (90%) figure. The three values, adjusted as provided above, shall be added together and divided by three, and the amount resulting shall
represent the Per Share Fair Market Value. 

  
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 7.5 Conditions of Indemnification by Each Contributor. The obligations and liabilities of
each Contributor to indemnify the Company Group under Section 7.2 or 7.3, as applicable, resulting from the assertion of any Damages by third parties shall be subject to the following terms and conditions: 

(a) The indemnified party will give the indemnifying party prompt notice of any such claim, and the indemnifying party will undertake the
defense thereof by representatives of its own choosing reasonably satisfactory to the indemnified party, provided that failure to provide such notice will not relieve the indemnifying party of its obligations hereunder unless and to the extent it is
actually prejudiced by such failure to receive such notice. If the indemnifying party, within twenty (20) days after notice of any such claim, fails to give notice of its intent to defend such claim, the indemnified party will (upon further
notice to the indemnifying party) have the right to undertake the defense, compromise or settlement of such claim on behalf of and for the account and risk of the indemnifying party. 

(b) Notwithstanding anything in this Section 7.5 to the contrary, (i) an indemnified party shall have the right, at its own
cost and expense, to participate in the defense, compromise or settlement of such claim (except if there exists an actual or potential conflict of interest between the indemnified party and the indemnifying party, such participation, including the
reasonable fees and expenses of one separate counsel, shall be at the expense of the indemnifying party), (ii) the indemnifying party shall not, without the written consent of the indemnified party, which consent shall not be unreasonably
withheld or delayed, settle or compromise any claim or consent to the entry of any judgment (x) which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to the indemnified party a release from all
liability in respect of such claim or (y) as a result of which injunctive or other equitable relief would be imposed against the indemnified party, and (iii) the indemnified party shall have the right to control the defense or settlement
of that portion of any claim which seeks an order, injunction or other equitable relief against the indemnified party; provided, however, that in connection with the defense or settlement of the portion of such claim which seeks
equitable relief, the indemnified party shall reasonably cooperate with the indemnifying party. 
 7.6 Survival of Representations by the
Company. 
 (a) Except as set forth in Section 7.6(b), the representations and warranties made by the Company contained in
Section 6 shall survive the Closing and shall continue for a one (1) year period following the Closing. The covenants and agreements of the Company contained in this Agreement shall survive until fully performed in accordance with
their terms. 
 (b) The representations and warranties of the Company contained Section 6.1 (Qualification),
Section 6.2 (Capitalization), Section 6.3 (Authority) and Section 6.4 (Valid Issuance of Shares) (collectively, the “Fundamental Company Representations”), and Section 6.6 (Consents)
and Section 6.11 (Brokers) shall survive indefinitely. 

  
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 7.7 Agreement to Indemnify by the Company. 

(a) Subject to the terms and conditions of this Section 7.7, the Company shall indemnify, defend and hold harmless each of the
Contributors and their respective successors and assigns, representatives and Affiliates, and each of their respective directors, officers, partners, members, managers, employees and agents (with respect to GES, the “GES Group”, and
with respect to RAC, the “RAC Group”) from and against all Damages asserted against, suffered by, imposed upon or incurred by any member of the GES Group or the RAC Group to the extent caused by a breach of any covenant, agreement,
representation or warranty of the Company contained herein. The indemnity provided for in this Section 7.7 is not limited to third-party claims against members of the GES Group or the RAC Group. Except in the case of fraud, the
indemnification provided in this Section 7.7 shall be the sole and exclusive remedy of the Contributors with respect to breaches of any representation or warranty of the Company contained herein. Notwithstanding the foregoing, the
Company shall not be liable for Damages hereunder unless the total of all Damages in respect of claims made by the GES Group or the RAC Group for indemnification by the Company shall exceed, in the aggregate, 5% of the aggregate value contributed to
the Company by GES and RAC (the “Company Threshold”), and then for the entire amount of the Damages, including the Company Threshold; provided, however, that such limitation shall not apply in the case of fraud, with
respect to a breach of any Fundamental Company Representation or with respect to any covenant or agreement of the Company pertaining to Taxes. The maximum aggregate amount for which the Company shall be liable to the Contributors for all Damages
hereunder shall not exceed 50% of the aggregate value contributed to the Company by GES and RAC (the “Company Cap”); provided, however, that such limitation shall not apply in the case of fraud, with respect to a
breach of any Fundamental Company Representation or with respect to any covenant or agreement of the Company pertaining to Taxes. The amounts of the Company Threshold and the Company Cap shall be definitively determined and set forth on
Exhibit I at the Closing. 
 (b) Notwithstanding any provision herein to the contrary, the Company shall indemnify and hold
harmless each of the members of each of the GES Group and the RAC Group from and against any and all Damages (including reasonable costs of investigation) asserted against, suffered by, imposed upon or incurred by the members of each of the GES
Group and the RAC Group arising out of or based upon (i) the failure of the Rule 144A Offering to comply with the Securities Act and all applicable federal and state securities and blue sky Laws or (ii) any untrue statement or alleged
untrue statement of material fact contained in the Company Offering Materials or in any amendment or supplement thereto or arising out of or based upon any omission or alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading, except insofar as such Damages arise out of or are based upon any untrue statement or omission or alleged untrue statement or omission that has been made therein or omitted therefrom in
reliance upon and in conformity with the information relating to the Company, the Business, the GES Group or the RAC Group furnished in writing by or on behalf of either the GES Group or the RAC Group expressly for use in connection with the Company
Offering Materials. 
 7.8 Conditions of Indemnification by the Company. The obligations and liabilities of the Company to indemnify
the GES Group and the RAC Group under Section 7.7 resulting from the assertion of any Damages by third parties shall be subject to the following terms and conditions: 

(a) The indemnified party will give the indemnifying party prompt notice of any such claim, and the indemnifying party will undertake the
defense thereof by representatives of its own choosing reasonably satisfactory to the indemnified party, provided 

  
 38 








 
that failure to provide such notice will not relieve the indemnifying party of its obligations hereunder unless and to the extent it is actually prejudiced by such failure to receive such notice.
If the indemnifying party, within twenty (20) days after notice of any such claim, fails to give notice of its intent to defend such claim, the indemnified party will (upon further notice to the indemnifying party) have the right to undertake
the defense, compromise or settlement of such claim on behalf of and for the account and risk of indemnifying party. 
 (b) Notwithstanding
anything in this Section 7.8 to the contrary, (i) an indemnified party shall have the right, at its own cost and expense, to participate in the defense, compromise or settlement of such claim (except if there exists an actual or
potential conflict of interest between the indemnified party and the indemnifying party, such participation, including the reasonable fees and expenses of one separate counsel, shall be at the expense of the indemnifying party), (ii) the
indemnifying party shall not, without the written consent of the indemnified party, which consent shall not be unreasonably withheld or delayed, settle or compromise any claim or consent to the entry of any judgment (x) which does not include
as an unconditional term thereof the giving by the claimant or the plaintiff to the indemnified party a release from all liability in respect of such claim or (y) as a result of which injunctive or other equitable relief would be imposed
against the indemnified party, and (iii) the indemnified party shall have the right to control the defense or settlement of that portion of any claim which seeks an order, injunction or other equitable relief against the indemnified party;
provided, however, that in connection with the defense or settlement of the portion of such claim which seeks equitable relief, the indemnified party shall reasonably cooperate with the indemnifying party. 

8. EMPLOYEES AND CONTRACTORS. 

8.1 Employees to be Hired by the Company. 

(a) The Company shall offer employment to all of the Transferred Employees at the same base salary and will allow such individuals to
participate in the employee benefit plans and programs of the Company, which plans and programs are or will be substantially comparable to those provided to such individuals by GES immediately prior to Closing. The Company shall employ all of the
Transferred Employees for at least ninety (90) days following the Closing Date, other than any Transferred Employee terminated by the Company for cause, and shall bear sole responsibility for any severance payments, if any, owed to any
Transferred Employee terminated by the Company. The Company shall credit all Transferred Employees for any and all past services to GES or its predecessors for all purposes under the Company’s employee benefit plans, policies, programs and
compensation arrangements. The Company will provide Transferred Employees credit for deductibles under the Company’s group health plan to the extent such deductibles are paid under the GES health plan. GES shall terminate the employment of all
Transferred Employees effective as of the Closing. The Company shall permit the Transferred Employees to rollover their respective assets (including any plan loans) held under the 401(k) Plan into the Company’s (or one of its Affiliate’s)
401(k) plan. 
 (b) GES shall retain responsibility and all liability for any health care continuation coverage or notice requirement under
Section 4980B of the Code and Part G of Subtitle B of Title 1 of ERISA (“COBRA”) and similar state law arising on or before the Closing Date with respect to any Transferred Employee. The Company shall be responsible for COBRA
and similar state law continuation coverage or notice requirements arising after the Closing with respect to any employee of the Company who was a Transferred Employee. 

  
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 (c) As of the Closing, GES shall pay all amounts due and payable to any Transferred Employees as
of the Closing, except with respect to the GES Assumed Liabilities. 
 (d) The provisions of this Section 8.1 are a covenant
between GES and the Company and shall not, in any manner, create any contractual right or rights of employment for any Transferred Employee. 

(e) With respect to employment Tax matters (i) the Company shall not assume GES’s obligation to prepare, file and furnish IRS Form
W-2s with respect to the Transferred Employees for the year including the Closing Date; (ii) GES and the Company shall utilize the “standard procedure” with respect to each Transferred Employee pursuant to Revenue Procedure 2004-53,
34 I.R.B 320; and (iii) GES and the Company shall work in good faith to adopt similar procedures under applicable wage payment, reporting and withholding Laws for all Transferred Employees in all appropriate jurisdictions. 

(f) Notwithstanding any provision in this Section 8.1 to the contrary, in the event that the Closing occurs on or prior to
December 31, 2011, GES and the Company agree that the Transferred Employees that have accepted an offer of employment from the Company will not become employees of the Company until January 31, 2012, and during the period between the
Closing and such date of employment, GES and the Company shall enter into a reasonable and customary secondment arrangement or agreement with terms acceptable to both GES and the Company, providing that GES will make the Transferred Employees that
have accepted an offer of employment from the Company available to the Company at the Company’s sole cost and expense. 
 8.2
Contractors to be Engaged by the Company. On the Closing Date, the Company shall offer engagement to all of the Transferred Contractors at the same rate paid to such Transferred Contractors by GES immediately prior to Closing. GES shall
terminate the engagement of all Transferred Contractors effective as of the Closing. 
 8.3 Workers’ Compensation; Medical Claims and
Other Benefits. 
 (a) GES shall remain solely responsible for any liability arising from workers’ compensation claims, both
medical and disability, for Transferred Employees which are based on injuries occurring prior to the Closing regardless of when such claims are filed. The Company shall be solely responsible for such claims of Transferred Employees based on injuries
occurring after the Closing. 

  
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 (b) Except as otherwise provided herein, GES shall remain solely responsible for all benefits
payable under the Benefit Plans, including the satisfaction of all claims for medical, dental, life insurance, health, accident, disability or other benefits brought by or in respect of Transferred Employees under a Benefit Plan that relate to
events or injuries incurred prior to the Closing regardless of when such claim is filed. 
 9. COVENANTS. 

9.1 Government Filings. The Company and each Contributor covenant and agree with each other to (i) promptly file, or cause to be
promptly filed, with any Governmental Authorities all such notices, applications or other documents as may be necessary to consummate the transactions contemplated hereby and (ii) thereafter diligently pursue all consents or approvals from any
such Governmental Authorities as may be necessary to consummate the transactions contemplated hereby. 
 9.2 Maintenance of Business and
Notice of Changes. 
 (a) For the period commencing on the date hereof and expiring on the Closing Date (the “Pre-Closing
Period”), each Contributor shall (i) conduct and carry on their respective businesses only in the ordinary course of business (ii) use their best efforts to maintain, preserve and protect the goodwill, rights, properties and
assets of their respective businesses; (iii) consult with the other parties to this Agreement regarding all significant developments, transactions and proposals relating to its business or operations; (iv) refrain from doing any act or
omitting to do any act, or permitting any act or omission to act, which will cause a breach of the representation and warranties made by such party under this Agreement; (v) duly comply with all Laws applicable to their respective businesses
and, in the case of each Contributor, the Contributed Assets or as may be required for the valid and effective transfer and assignment of the Contributed Assets; and (vi) promptly notify the other parties hereto of any other occurrence, event,
incident, action, failure to act, or transaction with respect to the Contributed Assets outside the ordinary course of business;. 
 (b) GES
shall give the Company prompt notice of any GES Material Adverse Effect that may occur with regard to GES during the Pre-Closing Period. 

(c) GES shall give the Company prompt notice of any damage, destruction, or loss (whether or not covered by insurance) to any of the
Contributed Assets. 
 (d) RAC shall give the Company prompt notice of any RAC Material Adverse Effect that may occur with regard to RAC
during the Pre-Closing Period. 
 (e) The Company shall give the Contributors prompt notice of any Company Material Adverse Effect that may
occur during the Pre-Closing Period. 

  
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 9.3 Pending Closing. 

(a) Without limiting the generality of Section 9.2(a), during the Pre-Closing Period, neither Contributor shall, without the prior
written consent of the Company: 
 (i) sell, lease, mortgage, pledge, transfer, assign or otherwise dispose or encumber any
of the Contributed Assets, or suffer or permit the creation of any Lien upon any of the Contributed Assets; 
 (ii) change,
amend, terminate or otherwise modify the Rig Contract, other than in the ordinary course of business; 
 (iii) enter into any
contract (or series of related contracts) related to the Contributed Assets; 
 (iv) terminate any contract related to the
Contributed Assets outside the ordinary course of business; 
 (v) delay or postpone the payment of accounts payable or other
liabilities with respect to the Contributed Assets outside the ordinary course of business; 
 (vi) cancel, compromise, waive
or release any action, claim, demand or proceeding related to the Contributed Assets outside the ordinary course of business; 

(vii) enter into any contracts or grant any rights under or with respect to any Intellectual Property; 

(viii) make or authorize a change in its certificate of formation, limited liability company agreement or other organizational
documents; 
 (ix) enter into any employment, collective bargaining, or similar contract or agreement with any of the
Transferred Employees or modify the terms of any such existing contract or agreement with any of the Transferred Employees; 

(x) commit to pay any bonus or grant any increase in the base compensation or made any other changes in employment terms to any
of the Transferred Employees outside of the ordinary course of business; 
 (xi) adopt, amend, modify or terminate any
Benefit Plan including any bonus, profit sharing, incentive, severance, or similar contract or agreement for the benefit of any of the Transferred Employees; 

(xii) terminate any Transferred Employee other than for cause; 

(xiii) make any distribution or dividend of the Contributed Assets or any portion thereof with respect to its equity interests
(whether in cash or in kind); 
 (xiv) agree to do any of the items prohibited by this Section 9.3(a). 

  
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 (b) Without limiting the generality of Section 9.2(a), during the Pre-Closing
Period, RAC shall continue to fund all of its obligations under the Rig Contract. 
 (c) Without limiting the generality of
Section 9.2(a), during the Pre-Closing Period, the Company shall not issue any equity interests, or any options, warrants or rights to any equity interests. 

9.4 Insurance. 
 (a)
During the Pre-Closing Period, GES shall maintain in full force and effect with respect to their respective businesses, policies of insurance of the same type, character and coverage as the policies currently carried and described in
Section 4.13 of the GES Disclosure Schedules. 
 (b) On or before the Closing, the Company shall cause insurance policies of the
type and with the coverage limits that are substantially comparable to the insurance policies currently carried by GES to insure the GES Contributed Assets to be in full force and effect as of the Closing Date. 

9.5 Title and Survey. 

(a) GES has delivered to the Company a preliminary title commitment (the “Title Commitment”), sufficient for the issuance of
a TLTA Owner Policy of Title Insurance with respect to the Real Estate in the amount of $3,900,000.00 (the “Title Policy”), issued by American Title Company of Houston, 2000 Bering Drive, Suite 1000, Houston, Texas 77057 (the
“Title Company”) as agent for First American Title Insurance Company (the “Title Underwriter”), together with true, correct and legible copies of all instruments referred to therein as conditions or exceptions to
title. The Company will have ten (10) days after receipt of the last of the Title Commitment, legible copies of documents evidencing title exceptions, and the Updated Survey (defined below) to object in writing to matters disclosed in the Title
Commitment other than the standard printed exceptions contained in the promulgated form of the Title Commitment. The Company’s failure to object under this paragraph within the time allowed will constitute a waiver of the Company’s right
to object, except that the requirements in Schedule C of the Title Commitment will not be deemed to have been waived. If objections hereunder are made by the Company within the time allowed, GES shall notify the Company within five (5) days of
receipt of such objections as to whether GES intends to cure such objections, in which event GES shall have ten (10) days after the date of such notice to the Company to cure such objections. If GES has not notified the Company within five
(5) days of receipt of the Company’s objections under this paragraph of its intent to cure such objections or if GES elects not to cure all of such objections, the Company shall have only the right, by giving notice thereof to GES within
ten (10) days of the expiration of GES’s reply period or receipt of GES’s election not to cure the Company’s objections, (a) to terminate this Agreement, or (b) to waive such objections under this paragraph and proceed
to Closing. In the event the Company does not give such election notice within said ten (10) days period, the Company shall be deemed to have elected option (b) above. Should GES elect to cure the Company’s objections and fail to do
so within the time allowed hereunder, the Company may elect to extend the Closing Date as necessary to allow GES to cure such objections, or to terminate this Agreement, 

  
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or to waive such objections and proceed to Closing under the provisions as stated herein. Those exceptions that appear in the Title Commitment and conditions shown on the Updated Survey (defined
below), in each case as accepted by the Company pursuant to the terms of Section 9.5, shall constitute the “Permitted Exceptions”; provided, however, that the term “Permitted Exceptions” shall not
include any Liens or title defects that GES is obligated to cure hereunder or agrees to cure before the Closing. 
 (b) GES has delivered to
the Company a Texas Society of Professional Surveyors Category 1A, Condition II, as-built survey for the Real Estate (“Original Survey”). The Company may, at the Company’s sole discretion and expense, have prepared by a Texas
registered land surveyor, and deliver to GES, not later than thirty (30) days after the Effective Date, an updated survey of the Real Estate (“Updated Survey”) and metes and bounds field note description thereof, properly
certified to the Company and the Title Company. The Original Survey and the Updated Survey (collectively, the “Surveys”), shall: (i) identify the Real Estate by metes and bounds or platted lot description; (ii) show that
such Survey was made and staked on the ground with corners permanently marked; (iii) set forth the dimensions and total area of the Real Estate; (iv) show the location of all Improvements, highways, streets, roads, railroads, rivers,
creeks, or other waterways, fences, easements, and rights of way on the Real Estate with all easements and rights of way referenced to their recording information; and (v) show any discrepancies or conflicts in boundaries, any visible
encroachments, and any portion of the Real Estate lying within the 100-year floodplain as shown on the current Federal Emergency Management Agency map. The Company may within fifteen (15) days after its receipt of each Survey object in writing
to any matter that constitutes a defect or encumbrance to title on such Survey or if such Survey shows any part of the Real Estate to lie in a 100-year floodplain area. The Company’s failure to object under this paragraph within the time
allowed will constitute a waiver of the Company’s right to object, except that the requirements in Schedule C of the Title Commitment will not be deemed to have been waived. The Company’s failure to make an objection with regard to the
Original Survey shall constitute a waiver of the Company’s right to make the same objection to the Updated Survey. If objections hereunder are made by the Company within the time allowed, such objections shall be dealt with in accordance with
the provisions of Section 9.5(a). The legal description used in the Updated Survey and approved by the Company and GES shall be utilized in the Deed and other documents and schedules related to this Agreement, including Schedule
2.1(e) of the GES Disclosure Schedules (which schedule shall, notwithstanding Section 4.23, be updated with such description from the Updated Survey that is so approved). 

(c) At the Closing, the Company shall, at the Company’s sole cost and expense, obtain the Title Policy with respect to the Real Estate.
The Title Policy shall show fee simple title to the Real Estate vested in the Company, subject only to: (a) current real estate Taxes not yet due and payable, the liability for which is apportioned pursuant to Section 9.9; and
(b) the Permitted Exceptions. 
 9.6 Offering Materials. 

(a) The Company shall promptly provide to GES, when available, copies of all materials and documents related to and prepared in connection
with the Rule 144A Offering and any other sale of interests in the Company before the Closing Date, including, 

  
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without limitation, any and all organizational documents of the Company (the “Company Offering Materials”). The Closing shall be subject to the review and approval of the Company
Offering Materials by GES, which approval shall not be unreasonably withheld or delayed. 
 (b) RAC shall promptly provide to GES, when
available, copies of all materials and documents related to and prepared in connection with the sale of any of its equity interests, including, without limitation, any and all organizational documents of RAC (the “RAC Offering
Materials”). The Closing shall be subject to the review and approval of the RAC Offering Materials by GES and the Company, which approval shall not be unreasonably withheld or delayed. 

9.7 Commercially Reasonable Efforts to Close. 

(a) Subject to the terms and conditions hereof, each party hereto covenants and agrees to use all commercially reasonable efforts to
consummate the transactions contemplated hereby and will fully cooperate with the other parties hereto for such purpose. 
 (b) The Company
and each Contributor agrees to immediately notify the other parties to the Agreement of any event, fact or circumstance of which such party becomes aware that could reasonably be expected to result in the failure of a condition set forth in
Sections 10 or 11 to be satisfied and, if such condition is curable, to allow such party a reasonable opportunity to satisfy such condition. 

9.8 Confidentiality of Materials. 

(a) The parties hereto agree with respect to all technical, commercial and other information that is furnished or disclosed by any other party
hereto, including information regarding such party’s (and its subsidiaries’ and Affiliates’) organization, personnel, business activities, customers, policies, assets, finances, costs, sales, revenues, technology, rights, obligations,
liabilities and strategies (“Information”), that, unless and until the transaction contemplated by this Agreement shall have been consummated, (a) such Information is confidential and/or proprietary to the furnishing/disclosing
party and entitled to and shall receive treatment as such by the receiving party; (b) the receiving party will hold in confidence and not disclose nor use (except in respect of the transactions contemplated by this Agreement) any such
Information, treating such Information with the same degree of care and confidentiality as it accords its own confidential and proprietary Information; provided, however, that the receiving party shall not have any restrictive obligation with
respect to any Information which (i) is available to the general public, (ii) is or becomes publicly known through no wrongful act or omission of the receiving party or any third party that the receiving party knows, after reasonable
inquiry, has a duty of confidentiality to such disclosing party with respect to such information, or (iii) is known by the receiving party without any proprietary restrictions by the furnishing/disclosing party at the time of receipt of such
Information; and (c) all such Information furnished to a party hereto by any other party hereto, unless otherwise specified in writing, shall remain the property of the furnishing/disclosing party and, in the event this Agreement is terminated,
shall be returned to it, together with any and all copies made thereof, upon request for such return by it (except for documents submitted to a Governmental Authority with the consent of the furnishing/disclosing party or upon subpoena and which
cannot be 

  
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retrieved with reasonable effort) and in the case of (x) oral information furnished to any party by the other which shall have been reduced to writing by the receiving party and (y) all
internal documents of any party describing, analyzing or otherwise containing Information furnished by the other party, all such writings and documents shall be destroyed, upon request, in the event this Agreement is terminated, and each party shall
confirm in writing to the other compliance with any such request. 
 (b) Each party hereto acknowledges that the remedy at law for any
breach by either party of its obligations under this Section 9.8 is inadequate and that the other parties shall be entitled to equitable remedies, including an injunction, in the event of breach by such party. 

(c) Reference is hereby made to that certain Non-Disclosure Agreement dated October 14, 2011 by and between GES and the Company, as
successor-in-interest to Independence Contract Drilling, LLC (the “Non-Disclosure Agreement”). In the event of a conflict between the provisions of this Agreement and the Non-Disclosure Agreement, the terms of the Non-Disclosure
Agreement shall govern. 
 9.9 Non-Solicitation. 

(a) During the period beginning on the Closing Date and ending on the three (3) year anniversary of the Closing Date (the
“Restricted Period”), none of GES, SWOP and WSS (each, a “GES Company”), and collectively, the “GES Companies”), shall (and each shall cause its Affiliates not to) directly, or indirectly through
another Person, (i) induce or attempt to induce any employee of the Company (or any of its Affiliates) to leave his or her employment, or in any way interfere with the relationship between the Company (or any of its Affiliates) and any such
employee, (ii) hire any person who was an employee of the Company (or any of its Affiliates) at any time during the six-month period immediately prior to the date on which such hiring would take place, or (iii) call on, solicit or service
any customer, charterer, lessor, vendor, licensee, licensor or other business relation of the Company in order to induce or attempt to induce such Person to cease doing or decrease their business with the Company or its Affiliates, or in any way
interfere with the relationship between any such customer, charterer, lessor, vendor, licensee, licensor or other business relation of the Company or its Affiliates (including making any negative statements or communications about the Company or its
Affiliates). Notwithstanding the foregoing, the restrictions set forth in this Section 9.9(c) shall not apply to the employees of any shareholders of the Company and shall not prohibit (Y) the employment of employees of the Company
who solicit any of the GES Companies for employment or (Z) the solicitation of employees through general advertising (e.g., newspaper or internet), or the hiring of employees responding to such general advertising. Furthermore, for the
avoidance of doubt, nothing in this Section 9.9 (c) shall prohibit any of the GES Companies from doing business with any vendors of the Company in the normal course of business. 

(b) During the Restricted Period, the Company shall not (and shall cause its Affiliates not to) directly, or indirectly through another
Person, (i) induce or attempt to induce any employee of the GES Companies (or any of their Affiliates) to leave his or her employment, or in any way interfere with the relationship between the GES Companies (or any of their Affiliates) and any
such employee, (ii) hire any person who was an employee of the GES 

  
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Companies (or any of their Affiliates) at any time during the six-month period immediately prior to the date on which such hiring would take place, or (iii) with respect to the GES Affiliate
Businesses, call on, solicit or service any customer, charterer, lessor, vendor, licensee, licensor or other business relation of the GES Companies in order to induce or attempt to induce such Person to cease doing or decrease their business with
the GES Companies or their Affiliates, or in any way interfere with the relationship between any such customer, charterer, lessor, vendor, licensee, licensor or other business relation of the GES Companies or their Affiliates (including making any
negative statements or communications about the GES Companies or their Affiliates). Notwithstanding the foregoing, the restrictions set forth in this Section 9.9(b) shall not apply to (A) the employees of any members of IDM Group,
Ltd., the ultimate parent of the GES Companies or (B) the Transferred Employees, and shall not prohibit (Y) the employment of employees of the GES Companies who solicit the Company for employment or (Z) the solicitation of employees
through general advertising (e.g., newspaper or internet), or the hiring of employees responding to such general advertising. Furthermore, for the avoidance of doubt, nothing in this Section 9.9 (b) shall prohibit the Company from
doing business with any vendors of the GES Companies in the normal course of business. 
 (c) If, at the time of enforcement of any of the
provisions of this Section 9.9, a court determines that the restrictions stated herein are unreasonable under the circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable under
the circumstances shall be substituted for the stated period, scope or area. The parties further agree that such court shall be allowed to revise the restrictions contained herein to cover the maximum period, scope or geographical area permitted by
Law. 
 (d) Notwithstanding anything to the contrary contained herein, the restricted periods set forth in Section 9.9(a) or
(b), respectively, shall be extended with respect to any breaching party for a period equal to any time period that such breaching party is in violation of Section 9.9(a) or (b), respectively. 

(e) If either GES or the Company, or any of their respective Affiliates breaches, or threatens to commit a breach of, any of the provisions of
Section 9.8 or this Section 9.9 (the “Restrictive Covenants”), the non-breaching party shall have the right and remedy (i) to have the Restrictive Covenants specifically enforced by any court of
competent jurisdiction, it being agreed that any breach or threatened breach of the Restrictive Covenants would cause irreparable injury to such party and that money damages would not provide an adequate remedy to the non-breaching party; and
(ii) to require the breaching party to account for and pay over to the non-breaching party any profits, monies, accruals, increments or other benefits derived or received by the breaching party as the result of any transactions constituting a
breach of the Restrictive Covenants. Each of the rights and remedies set forth herein shall be independent of the others, severally enforceable, and in addition to, and not in lieu of, any other rights and remedies available to the non-breaching
party at law or in equity. 
 (f) Notwithstanding any provision in this Agreement to the contrary, the Restrictive Covenants shall not apply
to Lime Rock Management, L.P. and its Affiliates or 4D Global Energy Advisors S.A.S. and its Affiliates. 

  
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 9.10 Tax Matters. 

(a) GES Transfer Taxes. GES shall pay and be responsible for any Transfer Taxes imposed on, or resulting from, the transfer of any of
the GES Contributed Assets (collectively, “GES Transfer Taxes”). GES, RAC, and the Company agree to use their commercially reasonable efforts to mitigate, reduce or eliminate any GES Transfer Taxes, and to obtain any certificate or
other document from any Tax authority or any other Person as may be necessary to mitigate, reduce or eliminate any GES Transfer Taxes. GES at its own expense shall file, or cause to be filed, all necessary Tax Returns and other documentation with
respect to any GES Transfer Taxes. GES, RAC, and the Company shall each cooperate with one another in the preparation of any necessary Tax Returns and other related documentation with respect to GES Transfer Taxes (including any exemption
certificates and forms as each may request to establish an exemption from (or otherwise reduce) or make a report with respect to GES Transfer Taxes). 

(b) RAC Transfer Taxes. The Company shall pay and be responsible for any Transfer Taxes imposed on, or resulting from, the transfer of
any of the RAC Contributed Assets (collectively, “RAC Transfer Taxes”). GES, RAC, and the Company agree to use their commercially reasonable efforts to mitigate, reduce or eliminate any RAC Transfer Taxes, and to obtain any
certificate or other document from any Tax authority or any other Person as may be necessary to mitigate, reduce or eliminate any RAC Transfer Taxes. The Company at its own expense shall file, or cause to be filed, all necessary Tax Returns and
other documentation with respect to any RAC Transfer Taxes. GES, RAC, and the Company shall each cooperate with one another in the preparation of any necessary Tax Returns and other related documentation with respect to RAC Transfer Taxes (including
any exemption certificates and forms as each may request to establish an exemption from (or otherwise reduce) or make a report with respect to RAC Transfer Taxes). 

(c) Property Taxes on GES Contributed Assets. With respect to any Property Taxes, including payments in-lieu-of Property Taxes,
assessed on any of the GES Contributed Assets for a Straddle Period, the liability for such Property Taxes shall be prorated on a daily basis between GES and the Company as of the Closing Date, (i) with GES being liable for the portion of such
Property Taxes equal to the product of (1) the amount of such Property Taxes for the entirety of the Straddle Period, multiplied by (2) a fraction, the numerator of which is the number of days in the Straddle Period ending on and including
the Closing Date and the denominator of which is the total number of days in the Straddle Period, and (ii) with the Company being liable for the remainder of such Property Taxes. Prior to the Closing Date, GES and the Company shall jointly, in
good faith, estimate the amount of Property Taxes for which GES is liable with regard to Straddle Periods pursuant to this Section 9.10(c) (the “Estimated Property Taxes”), and GES shall make a cash payment at the
Closing to the Company for the amount of the Estimated Property Taxes. If the Property Taxes for a Straddle Period cannot be reasonably determined prior to the Closing because the applicable Tax rate or assessment with respect to the applicable
Assets is not fixed for such Straddle Period, the amount of Estimated Property Taxes shall be determined based upon the amount of the applicable Property Taxes for the preceding Tax year; provided, that GES and the Company shall recalculate
and reprorate said Property Taxes and payments and make the necessary adjustments and payments promptly upon the issuance, and on the basis, of the actual Property Tax bills received for such Straddle Period. 

  
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 (d) Property Taxes on RAC Contributed Assets. With respect to any Property Taxes,
including payments in-lieu-of Property Taxes, assessed on any of the RAC Contributed Assets for a Straddle Period, the liability for such Property Taxes shall be the responsibility of the Company. 

(e) Tax Cooperation. The Company and each Contributor shall, with respect to the matters contemplated in this Agreement, (i) each
assist the other parties as may reasonably be requested by the other in the preparation and timely filing of any Tax Return (including any claim for a Tax refund); (ii) each assist the other as may reasonably be requested by the other in
connection with any proceeding with respect to Taxes or Tax Returns; (iii) each retain and make available to the other any information, records, or other documents relating to any Taxes or Tax Returns as may reasonably be requested by the
other; (iv) each provide the other with any information as may reasonably be requested by the other in order to allow them to comply with any information reporting or withholding requirements contained in the Code or other applicable Laws; and
(v) each provide the other with such certificates or forms, and timely execute any Tax Return, that are reasonably necessary or appropriate to establish an exemption from (or reduction in) any GES Transfer Tax or RAC Transfer Tax. In addition,
the Company and the Contributors each will retain until the applicable statutes of limitations (including any extensions) have expired copies of all Tax Returns (including supporting work schedules, and other records or information that may be
relevant to such Tax Returns) and other Tax records relating to the Contributed Assets and the Business in its possession and will not destroy or otherwise dispose of any such Tax Returns or records without first providing the other with a
reasonable opportunity to review and copy or retain the same. 
 (f) Tax Treatment. For U.S. federal income tax purposes (and state,
local, and foreign Tax purposes where applicable), GES, RAC, and the Company intend for the GES Contribution, the RAC Contribution, and the Rule 144A Offering to be treated as a single integrated transaction that qualifies as a transaction described
in Section 351 of the Code. Each of GES, RAC, and the Company shall report and file (and shall cause its Affiliates to report and file) its respective U.S. federal income tax returns (and state, local, and foreign Tax Returns where applicable)
in all respects and for all purposes consistent with such intent and treatment. Except as otherwise required by applicable Law, neither GES, RAC, nor the Company shall take any position, or allow its respective Affiliates to take any position,
whether in any applicable Tax Return, audit, examination, claim, adjustment, litigation or other proceeding with respect to U.S. federal income tax (and state, local, or foreign Tax purposes where applicable), which is inconsistent with such intent
and treatment. 
 (g) Tax Definitions. For purposes of this Agreement, the following terms shall have the indicated meanings: 

(i) “Property Taxes” means any real property, personal property, ad valorem and other similar Tax. 

  
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 (ii) “Straddle Period” means a Tax period that begins on or
before and ends after the Closing Date. 
 (iii) “Tax” or “Taxes” means (i) any and
all U.S. federal, state, local or foreign taxes or levies of any kind and any and all other like assessments, customs, duties, imposts, charges or fees, including income, gross receipts, license, payroll, parking, excise, severance, occupation,
premium, windfall profits, environmental, customs duties, capital stock, franchise, profits, withholding, social security, employment, unemployment, wage, production, disability, occupation, real property, personal property, sales, use, transfer,
registration, value added, alternative or add-on minimum, estimated, transaction, capital, capital gains, net worth, stamp, documentary, recapture, business license, business organization, lease or other taxes or other charges imposed by or on
behalf of or payable to any Tax authority, together with any interest, fines, penalties, assessments, or additions resulting from, attributable to, or incurred in connection with any of the foregoing (whether or not disputed), (ii) any
liability for the payment of any amounts of the type described in clause (i) of this definition as a result of being a member of an affiliated, consolidated, combined, unitary or aggregate group for any Tax period, including pursuant to
Treasury Regulations Section 1.1502-6 (or any similar provision under state, local or foreign Law), and (iii) liability for the payment of any amounts of the type described in clause (i) or (ii) of this definition as a result of
being a transferee of or successor to any Person or as a result of any express or implied obligation to assume such Taxes or to indemnify any other Person. 

(iv) “Tax Return” means any return, declaration, report, claim for refund or information return or statement
relating to Taxes (solely as contemplated in clause “(i)” of the definition of Tax or Taxes), including any schedule or attachment thereto, and including any amendment thereof. 

(v) “Transfer Taxes” means any and all transfer, sales, use, purchase, value added, excise, real property,
personal property, intangible stamp, or similar Taxes (solely as contemplated in clause “(i)” of the definition of Tax or Taxes). 

(vi) “Treasury Regulations” means the regulations promulgated by the United States Treasury Department under
the Code. 
 9.11 Financial Statements. Prior to the Closing, GES will deliver to the Company correct and complete copies of
(i) the audited carve-out balance sheets related to the Business as of December 31, 2009 and as of December 31, 2010 and the related audited carve-out statements of income, stockholders’ equity and cash flows for each of the
years then ended, (ii) the reviewed carve-out balance sheet related to the Business as of September 30, 2011 and the related reviewed carve-out statements of income, stockholders’ equity and cash flows for the nine months ended
September 30, 2011, together with the report with respect to each of the items in subclauses (i) and (ii) hereof thereon of Calvetti, Ferguson & Wagner, P.C., as GES’s independent certified public accountants (the
“Carve-Out Financial Statements”). The Carve-

  
 50 








 
Out Financial Statements will be prepared in accordance with U.S. generally accepted accounting principles as in effect from time to time (“GAAP”), consistently applied and will
present fairly the financial position and results of operations of the Business at the dates and for the periods indicated therein. 
 9.12
Post-Closing Access to Books and Records. 
 (a) After the Closing, upon the written request of the Company, GES shall provide to the
Company, during normal business hours, access to the books and records, files, papers and documents of GES that are related to the Business. To the extent that the Company requires copies of such books and records, files, papers and documents, GES
shall provide the Company with such copies at the Company’s sole expense. 
 (b) After the Closing, upon the written request of GES,
the Company shall provide to GES, during normal business hours, access to the books and records, files, papers and documents of the Company that are related to the Business. To the extent that GES requires copies of such books and records, files,
papers and documents, the Company shall provide GES with such copies at GES’s sole expense. 
 (c) The covenants set forth in this
Section 9.12 shall survive the Closing indefinitely 
 9.13 Cooperation. From time to time from and after the Closing
Date, each of the Contributors will use commercially reasonable efforts, upon the Company’s request, to (i) provide access to financial data and information of the Business, to the extent and in the form it is available to either of the
Contributors, and access to each of the Contributor’s personnel and outside accountants, as necessary for the Company or any representative of the Company to prepare any financial statements or other disclosures pursuant to reporting
requirements of applicable U.S. federal securities laws, and (ii) cooperate, and use commercially reasonable efforts to cause each of the Contributor’s personnel and outside accountants to cooperate, in a customary and reasonable manner
with underwriter due diligence in connection with an initial public offering of securities of the Company or any affiliate of the Company, including furnishing financial information of the type required by Regulation S-X, as promulgated by the U.S.
Securities and Exchange Commission, or other applicable U.S. federal securities laws. The Company shall, or shall cause its affiliates to, promptly, upon request by or on behalf of the Contributors, reimburse the Contributors for all reasonably
documented payments to third parties (including reasonable attorneys’ and accountants’ fees) incurred by the Contributors in connection with the cooperation of the Contributors contemplated by this Section 9.13. 

9.14 Title to Contributed Assets. 

(a) At the Closing, GES shall contribute, assign, convey, transfer and deliver to the Company good, complete and marketable title to all of
the GES Contributed Assets free and clear of any Liens of any kind or nature whatsoever, other than Permitted Liens. 

  
 51 








 (b) At the Closing, RAC shall contribute, assign, convey, transfer and deliver to the Company
good, complete and marketable title to all of the RAC Contributed Assets free and clear of any Liens of any kind or nature whatsoever. 

10. CONDITIONS TO CLOSING APPLICABLE TO THE COMPANY. 

The obligations of the Company hereunder (including the obligation of the Company to close the transactions herein contemplated) are subject to
the following conditions precedent: 
 10.1 Rule 144A Offering. The transactions contemplated by the Rule 144A Offering, with at least
$100,000,000 in capital raised through such Rule 144A Offering, shall close simultaneously with the transactions contemplated by this Agreement. 

10.2 No Termination. Neither the Company nor either Contributor shall have terminated this Agreement pursuant to
Section 12.1. 
 10.3 Bring-Down of Contributor Warranties, Representations and Covenants. All warranties and
representations made by the Contributors herein and in any other document or certificate delivered by either Contributor pursuant hereto to the Company shall be correct and complete in all material respects on and as of the Closing Date (except for
the representations and warranties made by GES in Section 4.17 and RAC in Section 5.7, which shall be correct and complete in all respects), and all representations and warranties made by the Contributors herein and in any
other document or certificate delivered by either Contributor pursuant hereto to the Company that are qualified by materiality or GES Material Adverse Effect or RAC Material Adverse Effect shall be correct and complete in all respects, in each case,
with the same effect as if such warranties and representations had been made on and as of the Closing Date, and the Contributors shall have performed and complied with in all material respects all agreements and covenants on its part required to be
performed or complied with by it under the terms of this Agreement on or prior to the Closing Date. 
 10.4 No GES Material Adverse Effect
or RAC Material Adverse Effect. Since the Effective Date, there shall have been no material damage, destruction or loss to, or GES Material Adverse Effect or RAC Material Adverse Effect on or to the Contributed Assets. 

10.5 Pending Actions. No proceeding by any Governmental Authority and no proceeding by any other Person shall be pending on the Closing
Date that challenges, or might result in a challenge to, this Agreement or any transactions contemplated hereby, or which claims, or might give rise to a claim for, damages against the Company in a material amount as a result of the consummation of
this Agreement. 
 10.6 Required Governmental Approvals. The Company shall have received evidence reasonably satisfactory to it of the
receipt of all consents, approvals and authorizations of any Governmental Authority required on the part of each Contributor in connection with the performance by such Contributor of its respective obligations under this Agreement and the
consummation of the transactions contemplated hereby, and each Contributor shall have complied with any applicable provisions of Law requiring any notification, declaration, filing, registration and/or qualification with any Governmental Authority
in connection with such performance and consummation. 

  
 52 








 10.7 Title to Contributed Assets. 

(a) GES shall have the ability to contribute, assign, convey, transfer and deliver to the Company good, complete and marketable title to all
of the GES Contributed Assets free and clear of any Liens of any kind or nature whatsoever, other than Permitted Liens. 
 (b) RAC shall
have the ability to contribute, assign, convey, transfer and deliver to the Company good, complete and marketable title to all of the RAC Contributed Assets free and clear of any Liens of any kind or nature whatsoever. 

10.8 All Necessary Documents. All proceedings to be taken in connection with the consummation of the transactions contemplated by this
Agreement and all documents incident thereto, shall be reasonably satisfactory in form and substance to the Company and the Company shall have received copies of such documents as the Company may reasonably request in connection therewith, including
those documents to be delivered pursuant to Sections 3.2 and 3.3. 
 The Company shall have the right to waive any of the
foregoing conditions precedent, which waiver, if any, shall be in writing and signed by the Company. 
 11. CONDITIONS TO CLOSING
APPLICABLE TO THE CONTRIBUTORS. 
 The obligations of each Contributor hereunder (including the obligation of each Contributor to close
the transactions herein contemplated) are subject to the following conditions precedent: 
 11.1 Rule 144A Offering. The transactions
contemplated by the Rule 144A Offering, with at least $100,000,000 in capital raised through such Rule 144A Offering, shall close simultaneously with the transactions contemplated by this Agreement. 

11.2 No Termination. Neither the Company nor either Contributor shall have terminated this Agreement pursuant to
Section 12.1. 
 11.3 Bring-Down of Company Warranties, Representations and Covenants. All warranties and representations
made by the Company herein and in any other document or certificate delivered by the Company pursuant hereto to the Contributors shall be correct and complete in all material respects on and as of the Closing Date, and all representations and
warranties made by the Company herein and in any other document or certificate delivered by the Company pursuant hereto to the Contributors that are qualified by materiality or Company Material Adverse Effect shall be correct and complete in all
respects, in each case, with the same effect as if such warranties and representations had been made on and as of the Closing Date, and the Company shall have performed and complied with in all material respects all agreements and covenants on its
part required to be performed or complied with by it under the terms of this Agreement on or prior to the Closing Date. 

  
 53 








 11.4 No Company Material Adverse Effect. Since the Effective Date, there shall have been
no material damage, destruction or loss to, or Company Material Adverse Effect on or to the Company. 
 11.5 Pending Actions. No
proceeding by any Governmental Authority and no proceeding by any other Person, shall be pending on the Closing Date which challenges, or might result in a challenge to, this Agreement or any transactions contemplated hereby, or which claims, or
might give rise to a claim for, damages against the Contributors in a material amount as a result of the consummation of this Agreement. 

11.6 Required Governmental Approvals. The Contributors shall have received evidence reasonably satisfactory to it of the receipt of all
consents, approvals and authorizations of any Governmental Authority required on the part of the Company in connection with the performance by the Company of its respective obligations under this Agreement and the consummation of the transactions
contemplated hereby, and the Company shall have complied with any applicable provisions of Law requiring any notification, declaration, filing, registration and/or qualification with any Governmental Authority in connection with such performance and
consummation. 
 11.7 All Necessary Documents. All proceedings to be taken in connection with the consummation of the transactions
contemplated by this Agreement and all documents incident thereto, shall be reasonably satisfactory in form and substance to each Contributor and each Contributor shall have received copies of such documents as such Contributor may reasonably
request in connection therewith, including those documents to be delivered pursuant to Section 3.4. 
 Each of the Contributors
shall have the right to waive any of the foregoing conditions precedent, which waiver, if any, shall be in writing and signed by the applicable Contributor. 

12. TERMINATION. 
 12.1
Termination. This Agreement may be terminated at any time prior to the Closing as follows: 
 (a) by unanimous agreement of the
Company and each of the Contributors; 
 (b) by the Company or by either Contributor, if at or before the Closing any condition set forth
herein for the benefit of the Company or either Contributor, respectively, shall not have been timely met or cannot be timely met; provided that the party seeking to terminate is not in breach of or default under this Agreement; 

  
 54 








 (c) by the Company or by either Contributor if any representation or warranty made herein for
the benefit of the Company or either Contributor, respectively, is untrue in any material respect (except for those representations or warranties that are qualified by materiality or Material Adverse Effect, which shall be true in all respects), or
either Contributor or the Company, respectively, shall have defaulted in any material respect in the performance of any obligation under this Agreement; or 

(d) by the Company or by either Contributor if the Closing has not occurred on or before the Outside Closing Date. 

If either party terminates this Agreement pursuant to this Section 12.1, all rights and obligations of the Contributors and the Company hereunder
shall terminate without any liability of any party hereto, other than any liability of any party then in breach or the obligations of the parties hereto in Sections 9.8, 13.1, 13.9 and 13.17. 

13. GENERAL PROVISIONS. 

13.1 Cost and Expenses. Except as otherwise provided herein, the Company shall bear the sole responsibility for all of the costs and
expenses (including attorneys’ fees, accountants’ fees and other professional fees and expenses) incurred by GES, RAC and the Company in connection with the negotiation, preparation, execution and delivery of this Agreement and the
transactions contemplated by this Agreement. To the extent that GES pays for any costs and expenses related to this Agreement prior to Closing, the Company shall promptly reimburse GES for such costs and expenses; provided, however,
that in the event the transactions contemplated by this Agreement and the Rule 144A Offering fail to close in accordance with the terms of this Agreement, GES shall reimburse any payments made by the Company to reimburse expenses to GES prior to the
Closing to the Company (except for reimbursements for any accounting expenses) as promptly as practicable. Notwithstanding any of the foregoing, in the event the transactions contemplated by this Agreement and the Rule 144A Offering fail to close in
accordance with the terms of this Agreement, each of the parties hereto shall bear the sole responsibility for any and all costs and expenses (including attorneys’ fees and other professional fees and expenses) incurred by it in connection with
this Agreement, except that the Company shall bear sole responsibility for all accounting expenses of any party hereto (and the Company will reimburse any accounting expenses of any party hereto incurred prior to the Closing). 

13.2 Knowledge. The term “Knowledge”, (i) when used with regard to the Company or RAC, means the actual knowledge,
after due inquiry, of the directors, managers and officers of the Company or RAC, as applicable and (ii) when used with regard to GES, means the actual knowledge, after due inquiry, of Michael Stansberry, Chris Ruffner or Nancy Wade. 

13.3 Entire Agreement. The GES Disclosure Schedules, the Company Disclosure Schedules and the Exhibits referenced in this Agreement are
incorporated into this Agreement and, together with the Bill of Sale, Assignment and Assumption Agreement, the GES Contract Assignment, the Deed, the Transition Services Agreement, the RAC Contract Assignment and the Registration Rights Agreement,
contain the entire agreement between the parties hereto with respect to the transactions contemplated hereunder, and supersede all negotiations, representations, warranties, commitments, offers, contracts and writings prior to the date hereof. 

  
 55 








 13.4 Counterparts. This Agreement may be executed in counterparts, each of which shall be
deemed an original, but all of which, together, shall constitute one and the same instrument. Facsimiles or other electronic copies of signatures will be deemed to be originals. 

13.5 Assignment, Successors and Assigns. The respective rights and obligations of the parties hereto shall not be assignable without the
prior written consent of the other parties. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their successors and permitted assigns. 

13.6 Severability. If any provision hereof shall be held invalid or unenforceable by any court of competent jurisdiction or as a
result of future legislative action, such holding or action shall be strictly construed and shall not affect the validity or effect of any other provision hereof. 

13.7 Headings. The captions of the various Sections of this Agreement have been inserted only for convenience of reference and shall not
be deemed to modify, explain, enlarge or restrict any of the provisions of this Agreement. 
 13.8 Risk of Loss. Risk of loss, damage
or destruction to the Contributed Assets shall be upon the applicable Contributor until the Closing, and shall thereafter be upon the Company. 

13.9 GOVERNING LAW. THE VALIDITY, INTERPRETATION AND EFFECT OF THIS AGREEMENT SHALL BE GOVERNED EXCLUSIVELY BY THE LAWS OF THE STATE
OF TEXAS, EXCLUDING THE “CONFLICT OF LAWS” RULES THEREOF. 
 13.10 Press Releases and Public Announcements. No party,
without the prior written approval of the other parties (which approval shall not be unreasonably withheld or delayed), will make any press release or other public announcement concerning the transactions contemplated by this Agreement, whether
prior to or after the Closing, except to the extent required by Law (including securities Laws of any jurisdiction and rules and regulations of any applicable stock exchange), in which case the other parties will be so advised as far in advance as
possible and will be given an opportunity to comment on such release or announcement. 
 13.11 U.S. Dollars. All amounts expressed in
this Agreement and all payments required by this Agreement are in United States dollars. 
 13.12 Notices, Etc. All notices and other
communications required or permitted hereunder shall be in writing and shall be deemed effectively given (a) upon personal delivery, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the
recipient; if not, then on the next business day, (c) three (3) business days after having been sent by registered or certified mail, return receipt requested, postage prepaid or (d) one (1) day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with 

  
 56 








 
written verification of receipt. All notices and other communications shall be addressed to the parties at their respective addresses set forth below, or at such other address as such party may
designate by ten (10) days advance written notice to the other parties hereto. 
  

			
	If, to the Company:	  	with copies to:
		
	 Independence Contract Drilling, Inc.
 11616 N.
Galayda Street
 Houston, Texas 77086
 Attn: Chief Executive
Officer
 Telephone: (281) 820-7895
 Telecopy: (281)
605-5034
	  	 Fulbright & Jaworski, L.L.P.
 1301 McKinney,
Suite 5100
 Houston, Texas 77010
 Attention: David S.
Peterman
 Telephone: (713) 651-3635
 Telecopy: (713)
615-5246

		
	if to GES:	  	with copies to:
		
	 Global Energy Services Operating, LLC
 11616 N.
Galayda Street
 Houston, Texas 77086
 Attn: Chief Executive
Officer
 Telephone: (281) 447-9000
 Telecopy:
(832) 645-7421
	  	 BoyarMiller
 4265 San Felipe, Suite 1200

Houston, Texas 77027
 Attention: J. William Boyar

Telephone: (832) 615-4218
 Telecopy: (713) 552-1758

		
	If to RAC:	  	with copies to:
		
	 Independence Contract Drilling, LLC
 11616 N.
Galayda Street
 Houston, Texas 77086
 Attn: Chief Executive
Officer
 Telephone: (281) 820-7895
 Telecopy: (281)
605-5034
	  	 Fulbright & Jaworski, L.L.P.
 1301 McKinney,
Suite 5100
 Houston, Texas 77010
 Attention: David S.
Peterman
 Telephone: (713) 651-3635
 Telecopy: (713)
615-5246



 Any party may from time to time change its address for the purpose of notices to that party by a similar notice
specifying a new address, but no such change shall be deemed to have been given until it is actually received by the party sought to be charged with its contents. 

13.13 SUBMISSION TO JURISDICTION; VENUE. THE PARTIES HERETO HEREBY IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF ANY FEDERAL OR
STATE COURT LOCATED WITHIN HARRIS COUNTY, THE STATE OF TEXAS OVER ANY DISPUTE ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS 

  
 57 








 
CONTEMPLATED HEREBY AND EACH PARTY HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH DISPUTE OR ANY SUIT, ACTION OR PROCEEDING RELATED THERETO SHALL BE HEARD AND DETERMINED IN SUCH
COURTS. THE PARTIES HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION WHICH THEY MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH DISPUTE BROUGHT IN SUCH COURT OR ANY DEFENSE OF INCONVENIENT FORUM
FOR THE MAINTENANCE OF SUCH DISPUTE. EACH OF THE PARTIES HERETO AGREES THAT A JUDGMENT IN ANY SUCH DISPUTE MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. 

13.14 Waiver. Any party hereto may waive compliance by or extend the time of performance of any obligation or act for any other party
with respect to any provision of this agreement. No waiver of any provision or extension shall be construed as a waiver of any other provision or an extension of time for the performance of any other obligation or act hereunder. No waiver and no
modification or amendment of any provision of this Agreement shall be effective unless specifically made in writing and duly signed by the party to be bound thereby. 

13.15 No Third-Party Beneficiary. This Agreement is being entered into solely for the benefit of the parties hereto, the Company Group,
the GES Group and the RAC Group, and the parties do not intend that any employee or any other person shall be a third-party beneficiary of the covenants by either the Company or either Contributor contained in this Agreement. 

13.16 Disclosures. 
 (a)
All matters disclosed by the Contributors in the GES Disclosure Schedules shall be deemed a disclosure of such matter only for the purpose of the Section of this Agreement referred to in the GES Disclosure Schedules, and shall not be deemed a
disclosure with respect to any other Section of this Agreement unless specifically so stated in writing by the Contributors in the GES Disclosure Schedule. 

(b) All matters disclosed by the Company in the Company Disclosure Schedules shall be deemed a disclosure of such matter only for the purpose
of the Section of this Agreement referred to in the Company Disclosure Schedules, and shall not be deemed a disclosure with respect to any other Section of this Agreement unless specifically so stated in writing by the Company in the Company
Disclosure Schedule. 
 13.17 Enforcement Costs. In the event that either party seeks to enforce its rights or remedies under this
Agreement (whether for injunctive relief or damages or both) or seeks a declaration of costs or obligations under this Agreement, the prevailing party shall be awarded its reasonable attorneys’ fees, costs and expenses. 

[Signature Page Follows] 

  
 58 








 IN WITNESS WHEREOF, the parties have executed this Asset Contribution Agreement as of the date
first written above. 
  

			
	GLOBAL ENERGY SERVICES
	 OPERATING, LLC,
 a Delaware
limited liability company

		
	By:	 	 /s/ Michael Stansberry

		 	Michael Stansberry, Chief Executive Officer
	
	INDEPENDENCE CONTRACT
	 DRILLING, LLC,
 a Delaware
limited liability company

		
	By:	 	 /s/ Byron Dunn

		 	Byron Dunn, Chief Executive Officer
	
	INDEPENDENCE CONTRACT
	 DRILLING, INC.,
 a Delaware
corporation

		
	By:	 	 /s/ Byron Dunn

		 	Byron Dunn, Chief Executive Officer









 JOINDER TO ASSET CONTRIBUTION AND SUBSCRIPTION AGREEMENT 

The UNDERSIGNED hereby agrees, effective as of the date set forth below, to become a party to that certain Asset Contribution and
Subscription Agreement dated effective November 23, 2011 by and among Global Energy Services Operating, LLC, Independence Rig Asset Company, LLC and Independence Contract Drilling Corporation (as amended, the “Contribution
Agreement”), for the limited purpose of acknowledging the covenants set forth in Section 9.9 of the Contribution Agreement, and agreeing to cause its Affiliates to be bound by and comply with them. 

 

					
	Dated Effective: November 23, 2011	 	 SOUTHWEST OILFIELD PRODUCTS INC.,

a Delaware corporation

			
		 	By:	 	 /s/ Michael Stansberry

		 		 	Michael Stansberry, Chief Executive Officer








 JOINDER TO ASSET CONTRIBUTION AND SUBSCRIPTION AGREEMENT 

The UNDERSIGNED hereby agrees, effective as of the date set forth below, to become a party to that certain Asset Contribution and
Subscription Agreement dated effective November 23, 2011 by and among Global Energy Services Operating, LLC, Independence Rig Asset Company, LLC and Independence Contract Drilling Corporation (as amended, the “Contribution
Agreement”), for the limited purpose of acknowledging the covenants set forth in Section 9.9 of the Contribution Agreement, and agreeing to cause its Affiliates to be bound by and comply with them. 

 

							
	Dated Effective: November 23, 2011	 		 	 SWOP ACQUISITION, LLC,
 a
Texas limited liability company
 d/b/a GES Well Servicing Systems

				
		 		 	By:	 	 /s/ Michael Stansberry

		 		 		 	Michael Stansberry, Chief Executive Officer








 ANNEX A 

GES Disclosure Schedules 







 DISCLOSURE SCHEDULES 

OF 

GLOBAL ENERGY SERVICES OPERATING, LLC 
 These Disclosure Schedules are attached as Annex A to the Asset Contribution and Share Subscription Agreement (the “Agreement”) by and among GLOBAL ENERGY SERVICES
OPERATING, LLC, a Delaware limited liability company (“GES”), INDEPENDENCE CONTRACT DRILLING LLC, a Delaware limited liability company (“RAC”, and together with GES, each, a “Contributor”
and collectively, the “Contributors”), and INDEPENDENCE CONTRACT DRILLING, INC. a Delaware corporation (the “Company”). 
  

	 	1.	Capitalized terms used herein without definition shall have the same meaning ascribed to such terms in the Agreement. 


 

	 	2.	Any disclosures contained in the schedules which refer to a document are qualified in their entirety by reference to the text of such document; provided, that
(i) such disclosure is consistent with the text of such document, and (ii) a true, complete, and correct copy of such document has been delivered to Company. 


 

	 	3.	Section captions and other headings contained in the schedules are for reference and identification purposes only and shall not affect in any way the meaning or
interpretation of any provisions of the schedule or the scope of the disclosures required herein, which shall be governed by the express terms of the Agreement. 


  
 GES DISCLOSURE SCHEDULES









 SECTION 2.1(a) 
 TO 
 GES DISCLOSURE SCHEDULES 

GES FF&E 
 Please see
attached. 

  
 SECTION 2.1(a) TO THE GES
DISCLOSURE SCHEDULES 








 GES LLC 

Fixed Asset Schedule 
 September 30, 2011 

 

																																																													
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Costs	 	 	Accumulated Depreciation	 	 	Net Bank
Value	 	 	Gain\
(Loss)	 	 	Proceeds	 
	 Description
	 	Asset #	 	Serial #	 	Ref.	 	Life (Yrs)	 	Date
Acq.	 	Retire
Date	 	Beginning
Balance
12/31/2010	 	 	Addns.	 	 	Disposal	 	 	Ending
Balance
09/30/11	 	 	Beginning
Balance
12/31/2010	 	 	Prior
Mo.
YTD
Depr.
Exp.
8/31/2011	 	 	Current
Mo.
YTD
Expense	 	 	Disposal	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 
		 		 		 		 		 		 		 				 				 				 				 				 				 				 				 				 				 				 			
	Office Equipment ILLEGIBLE	 		 		 		 		 		 		 				 				 				 				 				 				 				 				 				 				 				 			
	 CISCO 2801 Router WIC-IDSU-T1_V2
	 		 		 	ISS010	 	########	 	08/23/07	 	07/27/12	 	 	1,540.00	  	 				 				 	 	1,540.00	  	 	 	1,052.33	  	 	 	205.33	  	 	 	25.67	  	 				 	 	1,283.33	  	 	 	256.67	  	 	 	—  	  	 			
	 T1 WAN Interface CARD
	 		 		 	ISS010	 	########	 	08/23/07	 	07/27/12	 	 	771.00	  	 				 				 	 	771.00	  	 	 	526.85	  	 	 	102.80	  	 	 	12.85	  	 				 	 	642.50	  	 	 	128.50	  	 	 	—  	  	 			
	 Dell Laser Printer 1720DN
	 		 		 	DEL000	 	########	 	11/27/07	 	10/31/12	 	 	2,723.57	  	 				 				 	 	2,723.57	  	 	 	1,724.93	  	 	 	363.14	  	 	 	45.39	  	 				 	 	2,133.46	  	 	 	590.11	  	 	 	—  	  	 			
	 DNPCX330 ID Card Printer with HICO/LOCO Mag Encoder
	 		 		 	ART001	 	########	 	03/19/08	 	02/21/13	 	 	5,999.95	  	 				 				 	 	5,999.95	  	 	 	3,399.97	  	 	 	799.99	  	 	 	100.00	  	 				 	 	4,299.96	  	 	 	1,699.99	  	 	 	—  	  	 			
	 ZOLL AED Plus Detribulator
	 		 		 	GRO220	 	########	 	08/18/08	 	07/23/13	 	 	1,888.15	  	 				 				 	 	1,888.15	  	 	 	912.61	  	 	 	251.75	  	 	 	31.47	  	 				 	 	1,195.83	  	 	 	692.32	  	 	 	—  	  	 			
	 LAT D830,T7500 (2.20GHZ)4M,CORE 2 DUO
	 	########	 	ISC3HFI	 	DEL008	 	########	 	05/01/11	 	04/20/13	 				 	 	222.12	  	 				 	 	222.12	  	 	 	—  	  	 	 	37.02	  	 	 	9.25	  	 				 	 	46.27	  	 	 	175.84	  	 	 	—  	  	 			
	 LAT D830,T7500 (2.20GHZ)4M,CORE 2 DUO
	 	########	 	6SC3HFI	 	DEL008	 	########	 	05/01/11	 	04/20/13	 				 	 	222.12	  	 				 	 	222.12	  	 	 	—  	  	 	 	37.02	  	 	 	9.25	  	 				 	 	46.27	  	 	 	175.84	  	 	 	—  	  	 			
	 PWS M6300,T7250(2.00GHZ\2M L2) DUAL CORE
	 	########	 	GBHMJFI	 	DEL008	 	########	 	05/01/11	 	04/20/13	 				 	 	778.39	  	 				 	 	778.39	  	 	 	—  	  	 	 	129.73	  	 	 	32.43	  	 				 	 	162.17	  	 	 	616.23	  	 	 	—  	  	 			
	 LAT D630C,T7700(2.40GHZ)4M,CORE 2 DUO
	 	########	 	IXMWKFI	 	DEL008	 	########	 	05/01/11	 	04/20/13	 				 	 	608.32	  	 				 	 	608.32	  	 	 	—  	  	 	 	101.39	  	 	 	25.35	  	 				 	 	126.73	  	 	 	481.59	  	 	 	—  	  	 			
	 LAT ATG D630,T7250(2.00GHZ)2M,CORE 2 DUO
	 	########	 	2LS2LFI	 	DEL008	 	########	 	05/01/11	 	04/20/13	 				 	 	902.47	  	 				 	 	902.47	  	 	 	—  	  	 	 	150.41	  	 	 	37.60	  	 				 	 	188.02	  	 	 	714.46	  	 	 	—  	  	 			
	 LAT ATG D630,T7250(2.00GHZ)2M,CORE 2 DUO
	 	########	 	3KS2LFI	 	DEL008	 	########	 	05/01/11	 	04/20/13	 				 	 	902.47	  	 				 	 	902.47	  	 	 	—  	  	 	 	150.41	  	 	 	37.60	  	 				 	 	188.02	  	 	 	714.46	  	 	 	—  	  	 			
	 LAT ATG D630,T7250(2.00GHZ)2M,CORE 2 DUO
	 	########	 	3LS2LFI	 	DEL008	 	########	 	05/01/11	 	04/20/13	 				 	 	902.47	  	 				 	 	902.47	  	 	 	—  	  	 	 	150.41	  	 	 	37.60	  	 				 	 	188.02	  	 	 	714.46	  	 	 	—  	  	 			
	 LAT ATG D630,T7250(2.00GHZ)2M,CORE 2 DUO
	 	########	 	9KS2LFI	 	DEL008	 	########	 	05/01/11	 	04/20/13	 				 	 	902.47	  	 				 	 	902.47	  	 	 	—  	  	 	 	150.41	  	 	 	37.60	  	 				 	 	188.02	  	 	 	714.46	  	 	 	—  	  	 			
	 LAT ATG D630,T7250(2.00GHZ)2M,CORE 2 DUO
	 	########	 	DKS2LFI	 	DEL008	 	########	 	05/01/11	 	04/20/13	 				 	 	902.47	  	 				 	 	902.47	  	 	 	—  	  	 	 	150.41	  	 	 	37.60	  	 				 	 	188.02	  	 	 	714.46	  	 	 	—  	  	 			
		 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 502 -5130/5000 Subtotal
	 		 		 		 		 		 		 	 	12,922.67	  	 	 	6,343.33	  	 	 	—  	  	 	 	19,266.00	  	 	 	7,616.69	  	 	 	2,780.24	  	 	 	479.68	  	 	 	—  	  	 	 	10,876.62	  	 	 	8,389.38	  	 	 	—  	  	 	 	—  	  
	 Desk & Credenza
	 		 		 		 	########	 	04/20/01	 	03/14/08	 	 	1,596.00	  	 				 				 	 	1,596.00	  	 	 	1,596.00	  	 	 	—  	  	 	 	—  	  	 				 	 	1,596.00	  	 	 	—  	  	 	 	—  	  	 			
	 Voicemail - AVM Jr.
	 		 		 		 	########	 	04/27/01	 	04/01/06	 	 	2,593.00	  	 				 				 	 	2,593.00	  	 	 	2,593.00	  	 	 	—  	  	 	 	—  	  	 				 	 	2,593.00	  	 	 	—  	  	 	 	—  	  	 			
	 Server - Poweredge 1400SC
	 		 		 		 	########	 	01/21/02	 	12/26/06	 	 	4,067.00	  	 				 				 	 	4,067.00	  	 	 	4,067.00	  	 	 	—  	  	 	 	—  	  	 				 	 	4,067.00	  	 	 	—  	  	 	 	—  	  	 			
	 HP Compaq Laptop
	 		 		 	OLSO10	 	########	 	12/29/03	 	12/02/08	 	 	3,854.00	  	 				 				 	 	3,854.00	  	 	 	3,854.00	  	 	 	—  	  	 	 	—  	  	 				 	 	3,854.00	  	 	 	—  	  	 	 	—  	  	 			
	 Akai Plasma Monitor
	 		 		 		 	########	 	05/12/04	 	04/16/09	 	 	2,706.24	  	 				 				 	 	2,706.24	  	 	 	2,706.24	  	 	 	—  	  	 	 	—  	  	 				 	 	2,706.24	  	 	 	—  	  	 	 	—  	  	 			
	 RefurbHP nc6000 Laptop Computer
	 		 		 	HEW090	 	########	 	04/30/05	 	04/04/10	 	 	1,260.03	  	 				 				 	 	1,260.03	  	 	 	1,260.03	  	 	 	—  	  	 	 	—  	  	 				 	 	1,260.03	  	 	 	—  	  	 	 	—  	  	 			
	 HP nc6000 Laptop - USH5200009A
	 		 		 	HEW090	 	########	 	06/07/05	 	05/12/10	 	 	1,448.98	  	 				 				 	 	1,448.98	  	 	 	1,448.98	  	 	 	—  	  	 	 	—  	  	 				 	 	1,448.98	  	 	 	—  	  	 	 	—  	  	 			
	 HP dc7600XPP - RF5ANPDZV002
	 		 		 	HEW090	 	########	 	11/14/05	 	10/19/10	 	 	1,599.50	  	 				 				 	 	1,599.50	  	 	 	1,599.50	  	 	 	—  	  	 	 	—  	  	 				 	 	1,599.50	  	 	 	—  	  	 	 	—  	  	 			
	 HP Computer 3.2 Gig 160 Hr w/19” Flat Panel Monitor/3 YR Warranty
	 		 		 	HEW090	 	########	 	01/31/06	 	01/05/11	 	 	1,377.48	  	 				 				 	 	1,377.48	  	 	 	1,377.48	  	 	 	—  	  	 	 	—  	  	 				 	 	1,377.48	  	 	 	—  	  	 	 	—  	  	 			
	 Compaq Presario V4000T CTO NB w/Intel Pent, Processor 2.0 GHz plus MSN Office 2003 SBE
	 		 		 	ATT003	 	########	 	02/10/06	 	01/15/11	 	 	2,068.97	  	 				 				 	 	2,068.97	  	 	 	2,068.97	  	 	 	—  	  	 	 	—  	  	 				 	 	2,068.97	  	 	 	—  	  	 	 	—  	  	 			
	 HP Digital Media Projector plus CSP Service Plan
	 		 		 	CHA003	 	########	 	04/28/06	 	04/02/11	 	 	1,547.95	  	 				 				 	 	1,547.95	  	 	 	1,470.55	  	 	 	77.40	  	 	 	—  	  	 				 	 	1,547.95	  	 	 	—  	  	 	 	—  	  	 			
	 Sony FJ270P/B Centr. 1.86 PM750, 1GB\DDR2 Laptop Computer w/Targus Mobile
	 		 		 	CHA003	 	########	 	04/28/06	 	04/02/11	 	 	3,604.66	  	 				 				 	 	3,604.66	  	 	 	3,424.43	  	 	 	180.23	  	 	 	—  	  	 				 	 	3,604.66	  	 	 	—  	  	 	 	—  	  	 			
	 Cornelius Cube Ice Maker -B500
	 		 		 		 	########	 	07/31/06	 	07/05/11	 	 	1,623.75	  	 				 				 	 	1,623.75	  	 	 	1,461.38	  	 	 	162.38	  	 	 	—  	  	 				 	 	1,623.75	  	 	 	—  	  	 	 	—  	  	 			
	 HPnc6120 LT/XP Pro/Filed Service
	 		 		 		 	########	 	07/31/06	 	07/05/11	 	 	1,809.56	  	 				 				 	 	1,809.56	  	 	 	1,628.60	  	 	 	180.96	  	 	 	—  	  	 				 	 	1,809.56	  	 	 	—  	  	 	 	—  	  	 			
	 HPnc6120 LT/XP Pro/Filed Service
	 		 		 		 	########	 	07/31/06	 	07/05/11	 	 	1,809.56	  	 				 				 	 	1,809.56	  	 	 	1,628.60	  	 	 	180.96	  	 	 	—  	  	 				 	 	1,809.56	  	 	 	—  	  	 	 	—  	  	 			
	 HPnc6120 LT/XP Pro/Filed Service
	 		 		 		 	########	 	07/31/06	 	07/05/11	 	 	1,809.56	  	 				 				 	 	1,809.56	  	 	 	1,628.60	  	 	 	180.96	  	 	 	—  	  	 				 	 	1,809.56	  	 	 	—  	  	 	 	—  	  	 			
	 HPnc6120 LT/XP Pro/Filed Service
	 		 		 		 	########	 	07/31/06	 	07/05/11	 	 	1,809.56	  	 				 				 	 	1,809.56	  	 	 	1,628.60	  	 	 	180.96	  	 	 	—  	  	 				 	 	1,809.56	  	 	 	—  	  	 	 	—  	  	 			
	 HPnc6120 LT/XP Pro/Filed Service
	 		 		 		 	########	 	07/31/06	 	07/05/11	 	 	1,976.60	  	 				 				 	 	1,976.60	  	 	 	1,778.94	  	 	 	197.66	  	 	 	—  	  	 				 	 	1,976.60	  	 	 	—  	  	 	 	—  	  	 			
	 HP Compaq Business Notebook
	 		 		 	HEW090	 	########	 	10/03/06	 	09/07/11	 	 	6,166.70	  	 				 				 	 	6,166.70	  	 	 	5,344.47	  	 	 	822.23	  	 	 	—  	  	 				 	 	6,166.70	  	 	 	—  	  	 	 	—  	  	 			
	 2-Way Radios(Delmar Communications)
	 		 		 	EH0065	 	########	 	10/13/06	 	09/17/11	 	 	4,114.20	  	 				 				 	 	4,114.20	  	 	 	3,497.07	  	 	 	548.56	  	 	 	68.57	  	 				 	 	4,144.20	  	 	 	—  	  	 	 	—  	  	 			
	 Phs, Data and Voice Cabling
	 		 		 	CON003	 	########	 	10/23/06	 	09/27/11	 	 	3,406.63	  	 				 				 	 	3,406.63	  	 	 	2,895.64	  	 	 	454.22	  	 	 	56.78	  	 				 	 	3,406.63	  	 	 	—  	  	 	 	—  	  	 			
	 Hp Notebook Cnx9420FFTUT2400H780XGeF51Pa
	 		 		 	CHA003	 	########	 	10/31/06	 	10/05/11	 	 	2,068.49	  	 				 				 	 	2,068.49	  	 	 	1,758.22	  	 	 	275.80	  	 	 	34.47	  	 				 	 	2,068.49	  	 	 	—  	  	 	 	—  	  	 			
	 H24-Q3714A, HP Color LaserJet 5550n JPSC6BH07H
	 		 		 	TIG001	 	########	 	12/31/06	 	12/05/11	 	 	2,999.99	  	 				 				 	 	2,999.99	  	 	 	2,449.99	  	 	 	400.00	  	 	 	50.00	  	 				 	 	2,899.99	  	 	 	100.00	  	 	 	—  	  	 			
	 Cisco Wireless for 7415 B
	 		 		 	ALL023	 	########	 	12/31/06	 	12/05/11	 	 	2,025.87	  	 				 				 	 	2,025.87	  	 	 	1,654.46	  	 	 	270.12	  	 	 	33.76	  	 				 	 	1,958.34	  	 	 	67.53	  	 	 	—  	  	 			
	 EVO 10307 Server for Project Management
	 		 		 	ISS010	 	########	 	01/12/07	 	12/17/11	 	 	6,554.00	  	 				 				 	 	6,554.00	  	 	 	5,243.20	  	 	 	873.87	  	 	 	109.23	  	 				 	 	6,226.30	  	 	 	327.70	  	 	 	—  	  	 			
	 Refrigerator
	 		 		 	CHA003	 	########	 	02/28/07	 	02/02/12	 	 	2,094.46	  	 				 				 	 	2,094.46	  	 	 	1,640.66	  	 	 	279.26	  	 	 	34.91	  	 				 	 	1,954.83	  	 	 	139.63	  	 	 	—  	  	 			
	 Edge Guard Gateway Security Systems
	 		 		 	ISS010	 	########	 	03/22/07	 	02/24/12	 	 	2,117.09	  	 				 				 	 	2,117.09	  	 	 	1,623.10	  	 	 	282.28	  	 	 	35.28	  	 				 	 	1,940.67	  	 	 	176.42	  	 	 	—  	  	 			
	 HP DX2200 Business Desktop
	 		 		 		 	########	 	04/30/07	 	04/03/12	 	 	4,476.97	  	 				 				 	 	4,476.97	  	 	 	3,357.73	  	 	 	596.93	  	 	 	74.62	  	 				 	 	4,029.27	  	 	 	447.70	  	 	 	—  	  	 			
	 HP NC8430 Business NoteBook SN: CNU7200SKZ
	 		 		 	ALL023	 	########	 	07/14/07	 	06/17/12	 	 	1,691.54	  	 				 				 	 	1,691.54	  	 	 	1,184.08	  	 	 	225.54	  	 	 	28.19	  	 				 	 	1,437.81	  	 	 	253.73	  	 	 	—  	  	 			
	 HP NC8430 Business NoteBook SN: CNU7200SLV
	 		 		 	ALL023	 	########	 	07/14/07	 	06/17/12	 	 	1,691.54	  	 				 				 	 	1,691.54	  	 	 	1,184.08	  	 	 	225.54	  	 	 	28.19	  	 				 	 	1,437.81	  	 	 	253.73	  	 	 	—  	  	 			
	 Sony Cyber Shot 8.1 Mega Pixel Camera
	 		 		 	T&T010	 	########	 	02/19/08	 	01/23/13	 	 	289.98	  	 				 				 	 	289.98	  	 	 	169.16	  	 	 	38.66	  	 	 	4.83	  	 				 	 	212.65	  	 	 	77.33	  	 	 	—  	  	 			
	 Dell Precision M4300 Laptop
	 		 		 	T&T010	 	########	 	02/19/08	 	01/23/13	 	 	1,844.99	  	 				 				 	 	1,844.99	  	 	 	1,076.24	  	 	 	246.00	  	 	 	30.75	  	 				 	 	1,352.99	  	 	 	492.00	  	 	 	—  	  	 			
	 Cubicles with desks and upper cabinet-New Mfg Trailer
	 		 		 	MET185	 	########	 	06/15/08	 	05/20/13	 	 	33,635.64	  	 				 				 	 	33,635.64	  	 	 	17,378.41	  	 	 	4,484.75	  	 	 	560.59	  	 				 	 	22,423.76	  	 	 	11,211.88	  	 	 	—  	  	 			
	 Refurbished Haworth Unigroup Workstations
	 		 		 	CRG002	 	########	 	08/15/08	 	07/20/13	 	 	4,202.27	  	 				 				 	 	4,202.27	  	 	 	2,031.10	  	 	 	560.30	  	 	 	70.04	  	 				 	 	2,661.44	  	 	 	1,540.83	  	 	 	—  	  	 			
	 DELL 3115CN MFP CLR LASER
	 	########	 	4ZDTNCI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	304.74	  	 				 	 	304.74	  	 	 	—  	  	 	 	63.49	  	 	 	12.70	  	 				 	 	76.19	  	 	 	228.56	  	 	 	—  	  	 			
	 DELL 5310N LASER PRINTER
	 	########	 	33HV4BI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	483.45	  	 				 	 	483.45	  	 	 	—  	  	 	 	100.72	  	 	 	20.14	  	 				 	 	120.86	  	 	 	362.59	  	 	 	—  	  	 			
	 DELL 3110CN COLOR LASER PRINTER
	 	########	 	5WQB99I	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	222.08	  	 				 	 	222.08	  	 	 	—  	  	 	 	46.27	  	 	 	9.25	  	 				 	 	55.52	  	 	 	166.56	  	 	 	—  	  	 			
	 OPTI 745 MT E,CORE E4400L1/2.00GHZ,2M,80
	 	########	 	2ZPC3FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	356.03	  	 				 	 	356.03	  	 	 	—  	  	 	 	74.17	  	 	 	14.83	  	 				 	 	89.01	  	 	 	267.02	  	 	 	—  	  	 			
	 OPTI 745 MT E,CORE E4400L1/2.00GHZ,2M,80
	 	########	 	4YPC3FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	356.03	  	 				 	 	356.03	  	 	 	—  	  	 	 	74.17	  	 	 	14.83	  	 				 	 	89.01	  	 	 	267.02	  	 	 	—  	  	 			
	 OPTI 745 MT E,CORE E4400L1/2.00GHZ,2M,80
	 	########	 	80QC3FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	356.03	  	 				 	 	356.03	  	 	 	—  	  	 	 	74.17	  	 	 	14.83	  	 				 	 	89.01	  	 	 	267.02	  	 	 	—  	  	 			
	 OPTI 745 MT E,CORE E4400L1/2.00GHZ,2M,80
	 	########	 	9YPC3FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	356.03	  	 				 	 	356.03	  	 	 	—  	  	 	 	74.17	  	 	 	14.83	  	 				 	 	89.01	  	 	 	267.02	  	 	 	—  	  	 			
	 OPTI 745 MT E,CORE E4400L1/2.00GHZ,2M,80
	 	########	 	DXPC3FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	356.03	  	 				 	 	356.03	  	 	 	—  	  	 	 	74.17	  	 	 	14.83	  	 				 	 	89.01	  	 	 	267.02	  	 	 	—  	  	 			
	 OPTI 745 MT E,CORE E4400L1/2.00GHZ,2M,80
	 	########	 	FZPC3FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	356.03	  	 				 	 	356.03	  	 	 	—  	  	 	 	74.17	  	 	 	14.83	  	 				 	 	89.01	  	 	 	267.02	  	 	 	—  	  	 			
	 OPTI 745 MT E,CORE E4400L1/2.00GHZ,2M,80
	 	########	 	IWPC3FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	356.03	  	 				 	 	356.03	  	 	 	—  	  	 	 	74.17	  	 	 	14.83	  	 				 	 	89.01	  	 	 	267.02	  	 	 	—  	  	 			
	 OPTI 745 MT E,CORE E4400L1/2.00GHZ,2M,80
	 	########	 	BVPC3FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	356.03	  	 				 	 	356.03	  	 	 	—  	  	 	 	74.17	  	 	 	14.83	  	 				 	 	89.01	  	 	 	267.02	  	 	 	—  	  	 			
	 OPTI 745 MT E,CORE E4400L1/2.00GHZ,2M,80
	 	########	 	DVPC3FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	356.03	  	 				 	 	356.03	  	 	 	—  	  	 	 	74.17	  	 	 	14.83	  	 				 	 	89.01	  	 	 	267.02	  	 	 	—  	  	 			
	 PWS M6300,T7250(2.00GHZ/2M L2) DUAL CORE
	 	########	 	IL8K3FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	331.93	  	 				 	 	331.93	  	 	 	—  	  	 	 	69.15	  	 	 	13.83	  	 				 	 	82.98	  	 	 	248.95	  	 	 	—  	  	 			


  
 1 of 7 








 GES LLC 

Fixed Asset Schedule 
 September 30, 2011 

 

																																																													
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Costs	 	 	Accumulated Depreciation	 	 	Net Book
Value	 	 	Gain\
(loss)	 	 	Proceeds	 
	 Description
	 	Asset #	 	Serial #	 	Ref.	 	Life (Yrs)	 	Date
Acq.	 	Retire
Date	 	Beginning
Balance
12/31/2010	 	 	Address	 	 	Disposal	 	 	Ending
Balance
09/30/11	 	 	Beginning
Balance
12/31/2010	 	 	Prior
Mo.
YTD
Depr.
Exp.
8/31/2011	 	 	Current
Mo.
YTD
Expense	 	 	Disposal	 	 	Ending
Balance
09/30/2011	 	 	Ending
Balance
09/30/11	 	 	Ending
Balance
09/30/11	 	 	Ending
Balance
09/30/11	 
	 BASE.NBK.CORE.T7200.CMER.M90
	 	########	 	C7T6WDI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	503.94	  	 				 	 	503.94	  	 	 	—  	  	 	 	104.99	  	 	 	21.00	  	 				 	 	125.98	  	 	 	377.95	  	 	 	—  	  	 			
	 BASE.NBK.CORE.T7200.CMER.M90
	 	########	 	8DWRPCI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	601.84	  	 				 	 	601.84	  	 	 	—  	  	 	 	125.38	  	 	 	25.08	  	 				 	 	150.46	  	 	 	451.38	  	 	 	—  	  	 			
	 BASE.NBK.CMER.T7250.M6300
	 	########	 	419DYDI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	456.55	  	 				 	 	456.55	  	 	 	—  	  	 	 	95.12	  	 	 	19.02	  	 				 	 	114.14	  	 	 	342.41	  	 	 	—  	  	 			
	 LAT D830.T7500 (2.20GHZ)4M.CORE 2 DUO
	 	########	 	CHH28FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	595.96	  	 				 	 	595.96	  	 	 	—  	  	 	 	124.16	  	 	 	24.83	  	 				 	 	148.99	  	 	 	446.97	  	 	 	—  	  	 			
	 LAT D830.T7500 (2.20GHZ)4M.CORE 2 DUO
	 	########	 	FHH28FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	595.96	  	 				 	 	595.96	  	 	 	—  	  	 	 	124.16	  	 	 	24.83	  	 				 	 	148.99	  	 	 	446.97	  	 	 	—  	  	 			
	 LAT D830.T7500 (2.20GHZ)4M.CORE 2 DUO
	 	########	 	IH3DDFI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	649.73	  	 				 	 	649.73	  	 	 	—  	  	 	 	135.36	  	 	 	27.07	  	 				 	 	162.43	  	 	 	487.30	  	 	 	—  	  	 			
	 PWS M6300.T7250(2.00GHZ/2M 1.2) DUAL CORE
	 	########	 	FIXFDFI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	446.15	  	 				 	 	446.15	  	 	 	—  	  	 	 	92.95	  	 	 	18.59	  	 				 	 	111.54	  	 	 	334.61	  	 	 	—  	  	 			
	 PWS M6300.T7250(2.00GHZ/2M 1.2) DUAL CORE
	 	########	 	HIXFDFI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	446.15	  	 				 	 	446.15	  	 	 	—  	  	 	 	92.95	  	 	 	18.59	  	 				 	 	111.54	  	 	 	334.61	  	 	 	—  	  	 			
	 LAT D830.T7500 (2.20GHZ)4M.CORE 2 DUO
	 	########	 	3BITMF1	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	522.13	  	 				 	 	522.13	  	 	 	—  	  	 	 	43.51	  	 	 	21.76	  	 				 	 	65.27	  	 	 	456.86	  	 	 	—  	  	 			
	 LAT D830.T7500 (2.20GHZ)4M.CORE 2 DUO
	 	########	 	12G2RFI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	522.13	  	 				 	 	522.13	  	 	 	—  	  	 	 	43.51	  	 	 	21.76	  	 				 	 	65.27	  	 	 	456.86	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	88SDZFI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	450.29	  	 				 	 	450.29	  	 	 	—  	  	 	 	37.52	  	 	 	18.76	  	 				 	 	56.29	  	 	 	394.01	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	B8SDZFI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	450.29	  	 				 	 	450.29	  	 	 	—  	  	 	 	37.52	  	 	 	18.76	  	 				 	 	56.29	  	 	 	394.01	  	 	 	—  	  	 			
	 LAT D830.T7500 (2.20GHZ)4M.CORE 2 DUO
	 	########	 	BY5LYFI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	598.05	  	 				 	 	598.05	  	 	 	—  	  	 	 	49.84	  	 	 	24.92	  	 				 	 	74.76	  	 	 	523.29	  	 	 	—  	  	 			
	 LAT D430.U7600(1.20GHZ ULV)DUO CORE
	 	########	 	F52LYFI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	812.13	  	 				 	 	812.13	  	 	 	—  	  	 	 	67.68	  	 	 	33.84	  	 				 	 	101.52	  	 	 	710.62	  	 	 	—  	  	 			
	 LAT D430.U7600(1.20GHZ ULV)DUO CORE
	 	########	 	J52LYFI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	812.13	  	 				 	 	812.13	  	 	 	—  	  	 	 	67.68	  	 	 	33.84	  	 				 	 	101.52	  	 	 	710.62	  	 	 	—  	  	 			
	 LAT D430.U7600(1.20GHZ ULV)DUO CORE
	 	########	 	6ZG82GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	652.42	  	 				 	 	652.42	  	 	 	—  	  	 	 	54.37	  	 	 	27.18	  	 				 	 	81.55	  	 	 	570.87	  	 	 	—  	  	 			
	 LAT D430.U7600(1.20GHZ ULV)DUO CORE
	 	########	 	9ZG82GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	652.42	  	 				 	 	652.42	  	 	 	—  	  	 	 	54.37	  	 	 	27.18	  	 				 	 	81.55	  	 	 	570.87	  	 	 	—  	  	 			
	 LAT D430.U7600 1.20GHZ ULV)DUO CORE
	 	########	 	HTG82GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	749.08	  	 				 	 	749.08	  	 	 	—  	  	 	 	62.42	  	 	 	31.21	  	 				 	 	93.64	  	 	 	655.45	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	2KV05GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	353.37	  	 				 	 	353.37	  	 	 	—  	  	 	 	29.45	  	 	 	14.72	  	 				 	 	44.17	  	 	 	309.20	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	2LV05GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	353.37	  	 				 	 	353.37	  	 	 	—  	  	 	 	29.45	  	 	 	14.72	  	 				 	 	44.17	  	 	 	309.20	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	3KV05GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	353.37	  	 				 	 	353.37	  	 	 	—  	  	 	 	29.45	  	 	 	14.72	  	 				 	 	44.17	  	 	 	309.20	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	5LV05GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	353.37	  	 				 	 	353.37	  	 	 	—  	  	 	 	29.45	  	 	 	14.72	  	 				 	 	44.17	  	 	 	309.20	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	6KV05GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	353.37	  	 				 	 	353.37	  	 	 	—  	  	 	 	29.45	  	 	 	14.72	  	 				 	 	44.17	  	 	 	309.20	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	CKV05GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	353.37	  	 				 	 	353.37	  	 	 	—  	  	 	 	29.45	  	 	 	14.72	  	 				 	 	44.17	  	 	 	309.20	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	DJV05GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	353.37	  	 				 	 	353.37	  	 	 	—  	  	 	 	29.45	  	 	 	14.72	  	 				 	 	44.17	  	 	 	309.20	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	FKV05GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	353.37	  	 				 	 	353.37	  	 	 	—  	  	 	 	29.45	  	 	 	14.72	  	 				 	 	44.17	  	 	 	309.20	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	JJV05GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	353.37	  	 				 	 	353.37	  	 	 	—  	  	 	 	29.45	  	 	 	14.72	  	 				 	 	44.17	  	 	 	309.20	  	 	 	—  	  	 			
	 LAT ATG D630.T7250 (2.00GHZ)2M.CORE 2 DUO
	 	########	 	3MZT6GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	1,054.33	  	 				 	 	1,054.33	  	 	 	—  	  	 	 	87.86	  	 	 	43.93	  	 				 	 	131.79	  	 	 	922.54	  	 	 	—  	  	 			
	 LAT ATG D630.T7250 (2.00GHZ)2M.CORE 2 DUO
	 	########	 	8MZT6GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	1,054.33	  	 				 	 	1,054.33	  	 	 	—  	  	 	 	87.86	  	 	 	43.93	  	 				 	 	131.79	  	 	 	922.54	  	 	 	—  	  	 			
	 LAT ATG D630.T7250 (2.00GHZ)2M.CORE 2 DUO
	 	########	 	DNZT6GI	 	DEL008	 	########	 	06/20/11	 	06/09/13	 				 	 	1,054.33	  	 				 	 	1,054.33	  	 	 	—  	  	 	 	87.86	  	 	 	43.93	  	 				 	 	131.79	  	 	 	922.54	  	 	 	—  	  	 			
	 LAT D830.T7500 (2.20GHZ)4M.CORE 2 DUO
	 	########	 	DNZT6GI	 	DEL008	 	########	 	07/18/11	 	07/07/13	 				 	 	453.55	  	 				 	 	453.55	  	 	 	—  	  	 	 	18.90	  	 	 	18.90	  	 				 	 	37.80	  	 	 	415.76	  	 	 	—  	  	 			
	 LAT D830.T7500 (2.20GHZ)4M.CORE 2 DUO
	 	########	 	DNZT6GI	 	DEL008	 	########	 	07/18/11	 	07/07/13	 				 	 	453.55	  	 				 	 	453.55	  	 	 	—  	  	 	 	18.90	  	 	 	18.90	  	 				 	 	37.80	  	 	 	415.76	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	DNZT6GI	 	DEL008	 	########	 	07/18/11	 	07/07/13	 				 	 	315.20	  	 				 	 	315.20	  	 	 	—  	  	 	 	13.13	  	 	 	13.13	  	 				 	 	26.27	  	 	 	288.94	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	DNZT6GI	 	DEL008	 	########	 	07/18/11	 	07/07/13	 				 	 	315.20	  	 				 	 	315.20	  	 	 	—  	  	 	 	13.13	  	 	 	13.13	  	 				 	 	26.27	  	 	 	288.94	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	DNZT6GI	 	DEL008	 	########	 	07/18/11	 	07/07/13	 				 	 	315.20	  	 				 	 	315.20	  	 	 	—  	  	 	 	13.13	  	 	 	13.13	  	 				 	 	26.27	  	 	 	288.94	  	 	 	—  	  	 			
	 OPTI 755 MT.CORE E4500/2.20GHZ.2M.800
	 	########	 	DNZT6GI	 	DEL008	 	########	 	07/18/11	 	07/07/13	 				 	 	315.20	  	 				 	 	315.20	  	 	 	—  	  	 	 	13.13	  	 	 	13.13	  	 				 	 	26.27	  	 	 	288.94	  	 	 	—  	  	 			
	 PORT REP.W/90W AC.2P.LAT D-SERIES.CUST
	 	########	 	DNZT6GI	 	DEL008	 	########	 	07/18/11	 	07/07/13	 				 	 	196.43	  	 				 	 	196.43	  	 	 	—  	  	 	 	8.18	  	 	 	8.18	  	 				 	 	16.37	  	 	 	180.06	  	 	 	—  	  	 			
	 PWST7400.XN.E5440.2.83GHZ.QC.2X6MB.1333
	 	########	 	DNZT6GI	 	DEL008	 	########	 	07/18/11	 	07/07/13	 				 	 	2,095.48	  	 				 	 	2,095.48	  	 	 	—  	  	 	 	87.31	  	 	 	87.31	  	 				 	 	174.62	  	 	 	1,920.86	  	 	 	—  	  	 			
	 LAT ATG D630.T7250(2.00GHZ)2M.CORE 2 DUO
	 	########	 	DNZT6GI	 	DEL008	 	########	 	07/18/11	 	07/07/13	 				 	 	834.02	  	 				 	 	834.02	  	 	 	—  	  	 	 	34.75	  	 	 	34.75	  	 				 	 	69.50	  	 	 	764.52	  	 	 	—  	  	 			
	 LAT ATG D630.T7250(2.00GHZ)2M.CORE 2 DUO
	 	########	 	DNZT6GI	 	DEL008	 	########	 	07/18/11	 	07/07/13	 				 	 	834.02	  	 				 	 	834.02	  	 	 	—  	  	 	 	34.75	  	 	 	34.75	  	 				 	 	69.50	  	 	 	764.52	  	 	 	—  	  	 			
	 LAT ATG D630.T7250(2.00GHZ)2M.CORE 2 DUO
	 	########	 	DNZT6GI	 	DEL008	 	########	 	07/18/11	 	07/07/13	 				 	 	834.02	  	 				 	 	834.02	  	 	 	—  	  	 	 	34.75	  	 	 	34.75	  	 				 	 	69.50	  	 	 	764.52	  	 	 	—  	  	 			
		 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 504-5130/5000 Subtotal
	 		 		 		 		 		 		 	 	117,942.76	  	 	 	28,369.09	  	 	 	—  	  	 	 	146,311.85	  	 	 	89,708.51	  	 	 	15,104.89	  	 	 	2,402.27	  	 	 	—  	  	 	 	107,215.68	  	 	 	39,096.17	  	 	 	—  	  	 	 	—  	  
																			
	 Cysco Systems 2800 Series
	 		 		 	ISS010	 	########	 	03/22/07	 	02/24/12	 	 	8,657.57	  	 				 				 	 	8,657.57	  	 	 	6,637.47	  	 	 	1,154.34	  	 	 	144.29	  	 				 	 	7,936.11	  	 	 	721.46	  	 	 	—  	  	 			
	 Zebra Card P120i Color CRD PTR Dual Sided USB
	 		 		 	SMP050	 	########	 	03/26/07	 	02/28/12	 	 	9,336.01	  	 				 				 	 	9,336.01	  	 	 	7,157.61	  	 	 	1,244.80	  	 	 	155.60	  	 				 	 	8,558.01	  	 	 	778.00	  	 	 	—  	  	 			
	 Zebra 4X2 Alien Squig w/perf Class 1, Gen 2 96BIT 1000Lbs
	 		 		 	SMP050	 	########	 	04/17/07	 	03/21/12	 	 	13,074.53	  	 				 				 	 	13,074.53	  	 	 	9,805.90	  	 	 	1,743.27	  	 	 	217.91	  	 				 	 	11,767.08	  	 	 	1,307.45	  	 	 	—  	  	 			
	 Industrial Touch Screen PC with Biometric Barcode
	 		 		 	SMP050	 	########	 	05/21/07	 	04/24/12	 	 	17,472.00	  	 				 				 	 	17,472.00	  	 	 	12,812.80	  	 	 	2,329.60	  	 	 	291.20	  	 				 	 	15,433.60	  	 	 	2,038.40	  	 	 	—  	  	 			
	 Adaptee Snap 410 ITB Rack Mount GB
	 		 		 	ISS010	 	########	 	06/14/07	 	05/18/12	 	 	2,484.34	  	 				 				 	 	2,484.34	  	 	 	1,780.44	  	 	 	331.25	  	 	 	41.41	  	 				 	 	2,153.09	  	 	 	331.25	  	 	 	—  	  	 			
	 HP NC8430 Business NoteBook SN: CNU7060DIF
	 		 		 	ALL023	 	########	 	07/27/07	 	06/30/12	 	 	2,220.45	  	 				 				 	 	2,220.45	  	 	 	1,554.32	  	 	 	296.06	  	 	 	37.01	  	 				 	 	1,887.38	  	 	 	333.07	  	 	 	—  	  	 			
	 HP NC8430 Business NoteBook SN: CNU7260SZW
	 		 		 	ALL023	 	########	 	07/25/07	 	06/28/12	 	 	3,034.51	  	 				 				 	 	3,034.51	  	 	 	2,124.16	  	 	 	404.60	  	 	 	50.58	  	 				 	 	2,579.33	  	 	 	455.18	  	 	 	—  	  	 			
	 HP NC8430 Business NoteBook SN: CNU7300MJQ
	 		 		 	ALL023	 	########	 	07/31/07	 	07/04/12	 	 	1,869.24	  	 				 				 	 	1,869.24	  	 	 	1,308.47	  	 	 	249.23	  	 	 	31.15	  	 				 	 	1,588.85	  	 	 	280.39	  	 	 	—  	  	 			
	 Dell Laser Printer 1720DN
	 		 		 	DEL000	 	########	 	11/27/07	 	10/31/12	 	 	2,723.57	  	 				 				 	 	2,723.57	  	 	 	1,724.93	  	 	 	363.14	  	 	 	45.39	  	 				 	 	2,133.46	  	 	 	590.11	  	 	 	—  	  	 			
	 16PT Dominion KX KVM-1 Box
	 		 		 	WAR04	 	########	 	11/30/07	 	11/03/12	 	 	2,852.94	  	 				 				 	 	2,852.94	  	 	 	1,806.86	  	 	 	380.39	  	 	 	47.55	  	 				 	 	2,234.80	  	 	 	618.14	  	 	 	—  	  	 			
	 Coreldraw Graphics Suite X3 Corel
	 		 		 	WAR04	 	########	 	01/31/08	 	01/04/13	 	 	373.46	  	 				 				 	 	373.46	  	 	 	224.08	  	 	 	49.79	  	 	 	6.22	  	 				 	 	280.10	  	 	 	93.37	  	 	 	—  	  	 			
	 Cisco Firewall and Switches
	 		 		 	NWN001	 	########	 	06/01/08	 	05/06/13	 	 	11,024.01	  	 				 				 	 	11,024.01	  	 	 	5,695.74	  	 	 	1,653.60	  	 	 	183.73	  	 				 	 	7,533.07	  	 	 	3,490.94	  	 	 	—  	  	 			
	 Air Rover XL60BA
	 		 		 	AIR002	 	########	 	10/01/08	 	09/05/13	 	 	9,585.42	  	 				 				 	 	9,585.42	  	 	 	4,313.44	  	 	 	1,278.06	  	 	 	159.76	  	 				 	 	5,751.25	  	 	 	3,834.17	  	 	 	—  	  	 			
	 72” Elan Station and Caster Kit
	 		 		 	WAR04	 	########	 	10/16/08	 	09/20/13	 	 	1,390.00	  	 				 				 	 	1,390.00	  	 	 	625.50	  	 	 	185.33	  	 	 	23.17	  	 				 	 	834.00	  	 	 	556.00	  	 	 	—  	  	 			
	 GT AJE 4-Capital Lease-Computer
	 		 		 	AJE 4	 	########	 	04/30/08	 	04/15/11	 	 	240,235.00	  	 				 	 	(240,235.00	) 	 	 	—  	  	 	 	220,215.42	  	 	 	20,019.58	  	 	 	—  	  	 	 	(240,235.00	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 			
	 GT AJE 5-Capital Lease-Copier
	 		 		 	AJE 5	 	########	 	04/30/08	 	04/15/11	 	 	26,592.00	  	 				 	 	(26,592.00	) 	 	 	—  	  	 	 	24,376.00	  	 	 	2,216.00	  	 	 	—  	  	 	 	(26,592.00	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 			
		 		 		 	  
	 	  
	 	  
	 	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 620-6150/5000 Subtotal
	 		 		 		 		 		 		 	 	352,925.05	  	 	 	—  	  	 	 	(266,827.00	) 	 	 	86,098.05	  	 	 	302,163.12	  	 	 	33,899.06	  	 	 	1,434.97	  	 	 	(266,827.00	) 	 	 	70,670.14	  	 	 	15,427.91	  	 	 	—  	  	 	 	—  	  
																			
	 Copier Lease for Accounting Dept
	 		 		 		 	########	 	08/09/06	 	07/14/11	 	 	6,400.00	  	 				 				 	 	6,400.00	  	 	 	5,760.00	  	 	 	640.00	  	 	 	—  	  	 				 	 	6,400.00	  	 	 	—  	  	 	 	—  	  	 			
	 Workstations for Employees
	 		 		 	SCC001	 	########	 	03/31/08	 	03/05/13	 	 	31,844.99	  	 				 				 	 	31,844.99	  	 	 	18,045.49	  	 	 	4,246.00	  	 	 	530.75	  	 				 	 	22,822.24	  	 	 	9,022.75	  	 	 	—  	  	 			
	 PWS.M4300, T7800(2.60GHZ)4M.CORE 2 DUO
	 	########	 	IWHK0FI	 	DEL008	 	########	 	04/15/11	 	04/04/13	 				 	 	1,237.26	  	 				 	 	1,237.26	  	 	 	—  	  	 	 	257.76	  	 	 	51.55	  	 				 	 	309.32	  	 	 	927.95	  	 	 	—  	  	 			
	 BizHub C451 - #061-0009771-000
	 		 	A00K010005501	 	KON021	 	########	 	05/16/11	 	05/05/13	 				 	 	3,874.46	  	 				 	 	3,874.46	  	 	 	—  	  	 	 	645.74	  	 	 	161.44	  	 				 	 	807.18	  	 	 	3,067.28	  	 	 	—  	  	 			


  
 2 of 7 









 GES LLC 

Fixed Asset Schedule 
 September 30, 2011 

 


																																																													
	 	 	Costs	 	 	Accumulated Depreciation	 	 	Net Book Value	 	 	Gain\(Loss)	 	 	Proceeds	 
	 Description
	 	Asset #	 	Serial #	 	Ref.	 	Life (Yrs)	 	Date Acq.	 	Retire Date	 	Beginning
Balance
12/31/2010	 	 	Addns.	 	 	Disposal	 	 	Ending
Balance
09/30/11	 	 	Beginning
Balance
12/31/2010	 	 	Prior Mo.
YTD
Depr. Exp.
8/31/2011	 	 	Current Mo.
YTD
Expense	 	 	Disposal	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 
	 BizHub C451-#008-3031510-000
	 		 	A00K010009301	 	BAN001	 	########	 	07/18/11	 	07/07/13	 				 	 	3,872.55	  	 				 	 	3,872.55	  	 				 	 	161.36	  	 	 	161.36	  	 				 	 	322.71	  	 	 	3,549.84	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 621-6150/5000 SubTotal
	 	 	38,244.99	  	 	 	8,984.27	  	 	 	—  	  	 	 	47,229.26	  	 	 	23,805.49	  	 	 	5,950.86	  	 	 	905.09	  	 	 	—  	  	 	 	30,661.45	  	 	 	16,567.81	  	 	 	—  	  	 	 	—  	  
																			
	 CISCO’s Zebra R2844Z 4TT Advance Portal System
	 		 		 	SMP050	 	########	 	02/23/07	 	01/28/12	 	 	10,133.85	  	 				 				 	 	10,133.85	  	 	 	7,938.18	  	 	 	1,351.18	  	 	 	168.90	  	 				 	 	9,458.26	  	 	 	675.59	  	 	 	—  	  	 			
	 Industrial PC with Barcode Swipe and Finger Print Scanner
	 		 		 	SMP050	 	########	 	02/23/07	 	01/28/12	 	 	15,600.00	  	 				 				 	 	15,600.00	  	 	 	12,220.00	  	 	 	2,080.00	  	 	 	260.00	  	 				 	 	14,560.00	  	 	 	1,040.00	  	 	 	—  	  	 			
	 Industrial Touch Screen PC with Biometric Barcode
	 		 		 	SMP050	 	########	 	05/21/07	 	04/24/12	 	 	17,472.00	  	 				 				 	 	17,472.00	  	 	 	12,812.80	  	 	 	2,329.60	  	 	 	291.20	  	 				 	 	15,433.60	  	 	 	2,038.40	  	 	 	—  	  	 			
	 Konica Minolta Copier
	 		 	A02E012004388	 	KON021	 	########	 	08/24/11	 	08/13/13	 	 	1,209.59	  	 				 				 	 	1,209.59	  	 	 	—  	  	 	 	—  	  	 	 	50.40	  	 				 	 	50.40	  	 	 	1,159.19	  	 	 	—  	  	 			
	 Konica Minolta Copier
	 		 	A02E012004379	 	KON021	 	########	 	08/24/11	 	08/13/13	 	 	1,209.58	  	 				 				 	 	1,209.58	  	 	 	—  	  	 	 	—  	  	 	 	50.40	  	 				 	 	50.40	  	 	 	1,159.18	  	 	 	—  	  	 			
	 Konica Minolta Copier
	 		 	A02E012004403	 	KON021	 	########	 	08/24/11	 	08/13/13	 	 	1,209.58	  	 				 				 	 	1,209.58	  	 	 	—  	  	 	 	—  	  	 	 	50.40	  	 				 	 	50.40	  	 	 	1,159.18	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 623-6150/5000 SubTotal
	 	 	46,834.60	  	 	 	—  	  	 	 	—  	  	 	 	46,834.60	  	 	 	32,970.98	  	 	 	5,760.78	  	 	 	871.30	  	 	 	—  	  	 	 	39,603.06	  	 	 	7,231.54	  	 	 	—  	  	 	 	—  	  
																			
	 Voice and Data Cabling for Bldg 4
	 		 		 		 	########	 	09/15/06	 	08/20/11	 	 	6,404.18	  	 				 				 	 	6,404.18	  	 	 	5,550.29	  	 	 	853.89	  	 	 	—  	  	 				 	 	6,404.18	  	 	 	—  	  	 	 	—  	  	 			
	 HP NC8430 Business NoteBook SN# CNU7060DDQ
	 		 		 	ALL023	 	########	 	08/15/07	 	07/19/12	 	 	2,539.00	  	 				 				 	 	2,539.00	  	 	 	1,734.98	  	 	 	338.53	  	 	 	42.32	  	 				 	 	2,115.83	  	 	 	423.17	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
													
	 611-6150/5000 Sub Total
	 	 	8,943.18	  	 	 	—  	  	 	 	—  	  	 	 	8,943.18	  	 	 	7,285.27	  	 	 	1,192.42	  	 	 	42.32	  	 	 	—  	  	 	 	8,520.01	  	 	 	423.17	  	 	 	—  	  	 	 	—  	  
		 		 		 		 	########	 		 		 	 	44,309.88	  	 				 	 	(44,309.88	) 	 	 	—  	  	 	 	44,309.88	  	 	 	—  	  	 	 	—  	  	 	 	(44,309.88	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 			
																			
	 2007 Grant Thorton AJE- Copier Machine
	 		 		 	JEROD375	 	########	 	12/31/08	 	12/05/13	 	 	93,300.00	  	 				 	 	(93,300.00	) 	 	 	—  	  	 	 	37,320.00	  	 	 	12,440.00	  	 	 	1,555.00	  	 	 	(48,205.00	) 	 	 	3,110.00	  	 	 	(3,110.00	) 	 	 	(45,095.00	) 	 	 	—  	  
	 Adjust Accum Depn to GL Account
	 		 		 		 	########	 	12/31/07	 	12/25/08	 	 	(0.03	) 	 				 				 	 	(0.03	) 	 	 	11,825.73	  	 				 				 				 	 	11,825.73	  	 	 	(11,825.76	) 	 	 	—  	  	 			
	 Grant Thorton Audit Adjustment
	 		 		 	ADDJE14	 	########	 	12/31/09	 	12/26/10	 	 	(72,428.00	) 	 				 	 	72,428.00	  	 	 	—  	  	 	 	(72,428.00	) 	 				 				 	 	72,428.00	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
													
	 Ending Balance- Office Equipment
	 	 	642,995.10	  	 	 	43,696.69	  	 	 	(332,008.88	) 	 	 	354,682.91	  	 	 	484,577.68	  	 	 	77,128.26	  	 	 	7,690.63	  	 	 	(286,913.88	) 	 	 	282,482.69	  	 	 	72,200.22	  	 	 	(45,095.00	) 	 			
																			
	 Software 100-0050/5050
	 		 		 		 		 		 		 				 				 				 				 				 				 				 				 				 				 				 			
																			
	 Auto Cad Software - GT AJE 3
	 		 		 	AJE 3	 	########	 	12/31/08	 	12/05/13	 	 	106,587.39	  	 				 				 	 	106,587.39	  	 	 	42,634.96	  	 	 	14,211.65	  	 	 	1,776.46	  	 				 	 	58,623.06	  	 	 	47,964.33	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 501-5130/5050 Sub Total
	 	 	106,587.39	  	 	 	—  	  	 	 	—  	  	 	 	106,587.39	  	 	 	42,634.96	  	 	 	14,211.65	  	 	 	1,776.46	  	 	 	—  	  	 	 	58,623.06	  	 	 	47,964.33	  	 	 	—  	  	 	 	—  	  
		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 AutoCad 2006 standalone Full System
	 		 		 	TOT025	 	########	 	06/30/06	 	06/04/11	 	 	3,696.74	  	 				 				 	 	3,696.74	  	 	 	3,388.68	  	 	 	308.06	  	 	 	—  	  	 				 	 	3,696.74	  	 	 	—  	  	 	 	—  	  	 			
	 AutoCad Mechanical 2007 Commercial New SLM
	 		 		 	TOT025	 	########	 	01/30/07	 	01/04/12	 	 	8,390.00	  	 				 				 	 	8,390.00	  	 	 	6,712.00	  	 	 	1,118.67	  	 	 	139.83	  	 				 	 	7,970.50	  	 	 	419.50	  	 	 	—  	  	 			
	 AutoCad Inventor Series
	 		 		 	DIG001	 	########	 	05/08/07	 	04/11/12	 	 	9,007.70	  	 				 				 	 	9,007.70	  	 	 	6,605.65	  	 	 	1,351.16	  	 	 	150.13	  	 				 	 	8,106.93	  	 	 	900.77	  	 	 	—  	  	 			
	 AutoCad Inventor Professional 2007 Full Suite
	 		 		 	DIG001	 	########	 	05/16/07	 	04/19/12	 	 	7,945.00	  	 				 				 	 	7,945.00	  	 	 	5,826.33	  	 	 	1,059.33	  	 	 	132.42	  	 				 	 	7,018.08	  	 	 	926.92	  	 	 	—  	  	 			
	 AutoCad Electrical 2008 Full Seat
	 		 		 	DIG001	 	########	 	05/16/07	 	04/19/12	 	 	4,725.00	  	 				 				 	 	4,725.00	  	 	 	3,465.00	  	 	 	630.00	  	 	 	78.75	  	 				 	 	4,173.75	  	 	 	551.25	  	 	 	—  	  	 			
	 AutoCad Software
	 		 		 	DIG001	 	########	 	12/31/05	 	12/05/10	 	 	7,990.00	  	 				 				 	 	7,990.00	  	 	 	7,990.00	  	 	 	—  	  	 	 	0.00	  	 				 	 	7,990.00	  	 	 	—  	  	 	 	—  	  	 			
	 AutoCad Inventor Series
	 		 		 	ECA04	 	########	 	11/30/07	 	11/03/12	 	 	104,375.57	  	 				 				 	 	104,375.57	  	 	 	66,104.53	  	 	 	13,916.74	  	 	 	1,739.59	  	 				 	 	81,760.86	  	 	 	22,614.71	  	 	 	—  	  	 			
	 Interior Rent
	 		 		 	DEL013	 	########	 	12/21/07	 	11/24/12	 	 	1,423.89	  	 				 				 	 	1,423.89	  	 	 	878.07	  	 	 	189.85	  	 	 	23.73	  	 				 	 	1,091.65	  	 	 	332.24	  	 	 	—  	  	 			
	 Adobe Acrobat Professional & Win 7 User
	 		 		 	WAR004	 	########	 	12/31/07	 	12/04/12	 	 	1,348.90	  	 				 				 	 	1,348.90	  	 	 	831.82	  	 	 	179.85	  	 	 	22.48	  	 				 	 	1,034.16	  	 	 	314.74	  	 	 	—  	  	 			
	 AutoCad Software Development and Implementation
	 		 		 	TEG001	 	########	 	04/21/08	 	03/26/13	 	 	2,747.84	  	 				 				 	 	2,747.84	  	 	 	1,511.31	  	 	 	366.38	  	 	 	45.80	  	 				 	 	1,923.49	  	 	 	824.35	  	 	 	—  	  	 			
	 AutoCad Software Development and Implementation
	 		 		 	TEG001	 	########	 	04/21/08	 	03/26/13	 	 	12,514.40	  	 				 				 	 	12,514.40	  	 	 	6,882.92	  	 	 	1,668.59	  	 	 	208.57	  	 				 	 	8,760.08	  	 	 	3,754.32	  	 	 	—  	  	 			
	 AutoCad Software Development and Implementation
	 		 		 	TEG001	 	########	 	04/21/08	 	03/26/13	 	 	17,314.87	  	 				 				 	 	17,314.87	  	 	 	9,523.18	  	 	 	2,308.65	  	 	 	288.58	  	 				 	 	12,120.41	  	 	 	5,194.46	  	 	 	—  	  	 			
	 Autodesk Inventor Systems Suite 2009 Commercial
	 		 		 	ECA04	 	########	 	11/30/08	 	11/04/13	 	 	4,359.00	  	 				 				 	 	4,359.00	  	 	 	1,816.25	  	 	 	581.20	  	 	 	72.65	  	 				 	 	2,470.10	  	 	 	1,888.90	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 502-5130/5050 SubTotal
	 	 	185,838.90	  	 	 	—  	  	 	 	—  	  	 	 	185,838.91	  	 	 	121,535.73	  	 	 	23,678.48	  	 	 	2,902.54	  	 	 	—  	  	 	 	148,116.75	  	 	 	37,722.16	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 Software Development
	 		 		 	TEG001	 	########	 	05/09/08	 	04/13/13	 	 	14,612.05	  	 				 				 	 	14,612.05	  	 	 	7,793.09	  	 	 	1,948.27	  	 	 	243.53	  	 				 	 	9,984.90	  	 	 	4,627.15	  	 	 	—  	  	 			
	 HMI Development and Testing-Software Installation
	 		 		 	S&P001	 	########	 	06/06/08	 	05/11/13	 	 	7,500.00	  	 				 				 	 	7,500.00	  	 	 	3,875.00	  	 	 	1,000.00	  	 	 	125.00	  	 				 	 	5,000.00	  	 	 	2,500.00	  	 	 	—  	  	 			
	 CAD Design/Drafting Support
	 		 		 	TEG001	 	########	 	09/01/08	 	08/06/13	 	 	30,180.15	  	 				 				 	 	30,180.15	  	 	 	14,084.07	  	 	 	4,024.02	  	 	 	503.00	  	 				 	 	18,611.09	  	 	 	11,569.06	  	 	 	—  	  	 			
	 SolidWorks Premium 2011
	 		 	9000-0085-9191-1988-NPTH-6JC9	 	PRO016	 	########	 	12/15/10	 	11/19/15	 	 	7,465.33	  	 				 				 	 	7,465.33	  	 	 	124.42	  	 	 	995.38	  	 	 	124.42	  	 				 	 	1,244.22	  	 	 	6,221.11	  	 	 	—  	  	 			
	 SolidWorks Premium 2011 - Greg Hager - WSS
	 		 	9000-0085-9190-3309-W2ZK-X7J1
	 	PRO016	 	########	 	12/15/10	 	11/19/15	 	 	7,465.33	  	 				 				 	 	7,465.33	  	 	 	124.42	  	 	 	995.38	  	 	 	124.42	  	 				 	 	1,244.22	  	 	 	6,221.11	  	 	 	—  	  	 			
	 SolidWorks Premium 2011
	 		 	9000-0085-9192-5293-J7CJ-SS28	 	PRO016	 	########	 	12/15/10	 	11/19/15	 	 	7,465.33	  	 				 				 	 	7,465.33	  	 	 	124.42	  	 	 	995.38	  	 	 	124.42	  	 				 	 	244.22	  	 	 	6,221.11	  	 	 	—  	  	 			
	 SolidWorks Premium with Simulation Premium 2011
	 		 	9000-0085-9192-5293-J7CJ-SS28
	 	PRO016	 	########	 	12/15/10	 	11/19/15	 	 	5,000.00	  	 				 				 	 	5,000.00	  	 	 	83.33	  	 	 	666.67	  	 	 	83.33	  	 				 	 	833.33	  	 	 	4,166.67	  	 	 	—  	  	 			
	 SolidWorks Premium 2011
	 		 	9000-0086-5086-1869-7NPY-N477	 	PRO016	 	########	 	02/28/11	 	02/02/16	 				 	 	5,932.10	  	 				 	 	5,932.10	  	 	 	—  	  	 	 	593.21	  	 	 	98.87	  	 				 	 	692.08	  	 	 	5,240.02	  	 	 	—  	  	 			
	 SolidWorks Premium 2011
	 		 	9000-0086-5087-6658-3679-8CF7	 	PRO016	 	########	 	02/28/11	 	02/02/16	 				 	 	5,932.10	  	 				 	 	5,932.10	  	 	 	—  	  	 	 	593.21	  	 	 	98.87	  	 				 	 	692.08	  	 	 	5,240.02	  	 	 	—  	  	 			
	 SolidWorks Premium 2011
	 		 	9000-0087-4466-9144-RTR4-HM83
	 	PRO016	 	########	 	05/15/11	 	04/18/16	 				 	 	6,075.53	  	 				 	 	6,075.53	  	 	 	—  	  	 	 	405.04	  	 	 	101.26	  	 				 	 	506.29	  	 	 	5,569.24	  	 	 	—  	  	 			
	 SolidWorks Premium 2011
	 		 	9000-0087-4467-1864-MB95-4W27
	 	PRO016	 	########	 	05/15/11	 	04/18/16	 				 	 	6,075.53	  	 				 	 	6,075.53	  	 	 	—  	  	 	 	405.04	  	 	 	101.26	  	 				 	 	506.29	  	 	 	5,569.24	  	 	 	—  	  	 			
	 SolidWorks Premium with Simulation Premium 2011
	 		 	0000-0054-8636-8361-5B3P-Q512	 	PRO016	 	########	 	08/10/11	 	07/14/16	 				 	 	5,412.50	  	 				 	 	5,412.50	  	 	 	—  	  	 	 	90.21	  	 	 	90.21	  	 				 	 	180.42	  	 	 	5,232.08	  	 	 	—  	  	 			
	 SolidWorks EPDM CAD Editor
	 		 	0010 0089 2019 0439	 	PRO016	 	########	 	08/10/11	 	07/14/16	 				 	 	25,260.14	  	 				 	 	25,260.14	  	 	 	—  	  	 	 	421.00	  	 	 	421.00	  	 				 	 	842.00	  	 	 	24,418.13	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 530-6150 /5050 SubTotal
	 	 	79,688.20	  	 	 	54,687.90	  	 	 	—  	  	 	 	134,376.10	  	 	 	26,208.76	  	 	 	13,132.79	  	 	 	2,239.60	  	 	 	—  	  	 	 	41,581.46	  	 	 	92,794.94	  	 	 	—  	  	 	 	—  	  
		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 Microsoft Visual Studio- Net Scale System
	 		 		 	PAR017	 	########	 	12/31/09	 	12/05/14	 	 	8,598.00	  	 				 				 	 	8,598.00	  	 	 	1,719.60	  	 	 	1,146.00	  	 	 	143.30	  	 				 	 	3,099.30	  	 	 	5,588.70	  	 	 	—  	  	 			
	 Sales Tax- Microsoft Visual Studio
	 		 		 	PAR017	 	########	 	12/31/09	 	12/05/14	 	 	709.34	  	 				 				 	 	709.34	  	 	 	141.87	  	 	 	94.58	  	 	 	11.82	  	 				 	 	248.27	  	 	 	461.07	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 533-6150/5050 SubTotal
	 	 	9,307.34	  	 	 	—  	  	 	 	—  	  	 	 	9,307.34	  	 	 	1,861.47	  	 	 	1,240.98	  	 	 	155.12	  	 	 	—  	  	 	 	3,257.57	  	 	 	6,049.77	  	 	 	—  	  	 	 	—  	  
		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 Traverse Hardware
	 		 		 	ISS010	 	########	 	11/30/06	 	11/04/11	 	 	48,787.03	  	 				 				 	 	48,787.03	  	 	 	40,655.86	  	 	 	6,504.94	  	 	 	813.12	  	 				 	 	47,973.91	  	 	 	813.12	  	 	 	—  	  	 			
	 Traverse Hardware
	 		 		 	ISS010	 	########	 	01/12/07	 	12/17/11	 	 	80,847.07	  	 				 				 	 	80,847.07	  	 	 	64,677.66	  	 	 	10,779.61	  	 	 	1,347.45	  	 				 	 	76,804.72	  	 	 	4,042.35	  	 	 	—  	  	 			
	 Traverse Hardware Ent System
	 		 		 	ISS010	 	########	 	10/19/07	 	09/22/12	 	 	9,757.40	  	 				 				 	 	9,757.40	  	 	 	6,342.31	  	 	 	1,300.99	  	 	 	162.62	  	 				 	 	7,805.92	  	 	 	1,951.48	  	 	 	—  	  	 			
	 Windows SRVR STD 2003 R2 32-bit X 64
	 		 		 	DEL000	 	########	 	10/25/07	 	09/28/12	 	 	5,215.54	  	 				 				 	 	5,215.54	  	 	 	3,390.10	  	 	 	695.41	  	 	 	86.93	  	 				 	 	4,172.43	  	 	 	1,043.11	  	 	 	—  	  	 			


  
 3 of 7 









 GES LLC 

Fixed Asset Schedule 
 September 30, 2011 

 


																																																													
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Costs	 	 	Accumulated Depreciation	 	 	Net Book
Value	 	 	Gain\
(Loss)	 	 	Proceeds	 
	 Description
	 	Asset
#	 	 Serial #
	 	Ref.	 	Life (Yrs)	 	Date
Acq.	 	Retire
Date	 	Beginning
Balance
12/31/2010	 	 	Addns.	 	 	Disposal	 	 	Ending
Balance
09/30/11	 	 	Beginning
Balance
12/31/2010	 	 	Prior
Mo.
YTD
Depr.
Exp.
8/31/2011	 	 	Current
Mo.
YTD
Expense	 	 	Disposal	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 
	 Traverse Warehouse Manager Module
	 		 		 	ISS010	 	########	 	03/26/08	 	02/28/13	 	 	2,925.00	  	 				 				 	 	2,925.00	  	 	 	1,657.50	  	 	 	390.00	  	 	 	48.75	  	 				 	 	2,096.25	  	 	 	828.75	  	 	 	—  	  	 			
	 Sales Quoting Tool & Hosted Sharepoint Deployment
	 		 		 	EPC001	 	########	 	07/29/08	 	07/03/13	 	 	40,000.00	  	 				 				 	 	40,000.00	  	 	 	20,000.00	  	 	 	5,333.33	  	 	 	666.67	  	 				 	 	26,000.00	  	 	 	14,000.00	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 620-6150/5050 Subtotal
	 		 		 		 		 		 		 	 	187,532.04	  	 	 	—  	  	 	 	—  	  	 	 	187,532.04	  	 	 	136,723.43	  	 	 	25,004.27	  	 	 	3,125.53	  	 	 	—  	  	 	 	164,853.23	  	 	 	22,678.81	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance- Software
	 		 		 		 		 		 		 	 	568,953.88	  	 	 	54,687.90	  	 	 	—  	  	 	 	623,641.78	  	 	 	328,964.35	  	 	 	77,268.18	  	 	 	10,199.25	  	 	 	—  	  	 	 	416,431.77	  	 	 	207,210.00	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Furniture & Fixtures 100-4100/5100
	 		 		 		 		 		 		 				 				 				 				 				 				 				 				 				 				 				 			
		 		 		 		 		 		 		 	 	14,810.00	  	 				 	 	(14,810.00	) 	 	 	—  	  	 	 	14,810.00	  	 	 	—  	  	 	 	—  	  	 	 	(14,810.00	) 	 	 	—  	  	 				 				 			
	 Reception Furnitures- Desk & Panels
	 		 		 		 	########	 	10/05/04	 	08/30/11	 	 	1,189.00	  	 				 				 	 	1,189.00	  	 	 	1,075.76	  	 	 	113.24	  	 	 	—  	  	 				 	 	1,189.00	  	 	 	—  	  	 	 	—  	  	 			
	 File Cabinets/Desks/Sec.Chairs/Tapestry
	 		 		 	HAR020	 	########	 	03/10/06	 	02/01/13	 	 	2,273.28	  	 				 				 	 	2,273.28	  	 	 	1,596.71	  	 	 	216.50	  	 	 	27.06	  	 				 	 	1,840.27	  	 	 	433.01	  	 	 	—  	  	 			
	 Mogen Office Furniture
	 		 		 	LIN002	 	########	 	11/15/06	 	10/09/13	 	 	5,732.92	  	 				 				 	 	5,732.92	  	 	 	3,412.45	  	 	 	545.99	  	 	 	68.25	  	 				 	 	4,026.69	  	 	 	1,706.23	  	 	 	—  	  	 			
	 Office Depot Credit Plan
	 		 		 		 	########	 	12/31/06	 	11/24/13	 	 	6,990.56	  	 				 				 	 	6,990.56	  	 	 	4,077.83	  	 	 	665.77	  	 	 	83.22	  	 				 	 	4,826.82	  	 	 	2,163.74	  	 	 	—  	  	 			
	 Mahogany Office Furniture Set and Customer Chair
	 		 		 	CHA003	 	########	 	02/28/07	 	01/22/14	 	 	828.11	  	 				 				 	 	828.11	  	 	 	463.35	  	 	 	78.87	  	 	 	9.86	  	 				 	 	552.07	  	 	 	276.04	  	 	 	—  	  	 			
	 HON Metro Classic Office Desk Left & Right Pedestal
	 		 		 	MET185	 	########	 	03/03/07	 	01/25/14	 	 	1,342.26	  	 				 				 	 	1,342.26	  	 	 	751.03	  	 	 	127.83	  	 	 	15.98	  	 				 	 	894.84	  	 	 	447.42	  	 	 	—  	  	 			
	 Office Desk and Chairs
	 		 		 	MET185	 	########	 	03/15/07	 	02/06/14	 	 	1,946.25	  	 				 				 	 	1,946.25	  	 	 	1,065.80	  	 	 	185.36	  	 	 	23.17	  	 				 	 	1,274.33	  	 	 	671.92	  	 	 	—  	  	 			
	 Office Desk
	 		 		 	MET185	 	########	 	03/15/07	 	02/06/14	 	 	1,292.47	  	 				 				 	 	1,292.47	  	 	 	707.78	  	 	 	123.09	  	 	 	15.39	  	 				 	 	846.26	  	 	 	446.21	  	 	 	—  	  	 			
	 Office Furniture Room 39
	 		 		 	CHA003	 	########	 	06/04/07	 	04/28/14	 	 	1,488.44	  	 				 				 	 	1,488.44	  	 	 	779.66	  	 	 	141.76	  	 	 	17.72	  	 				 	 	939.13	  	 	 	549.31	  	 	 	—  	  	 			
	 Mogen L-Shaped Desk 72X84
	 		 		 	LIN002	 	########	 	06/18/07	 	05/12/14	 	 	2,717.08	  	 				 				 	 	2,717.08	  	 	 	1,390.89	  	 	 	258.77	  	 	 	32.35	  	 				 	 	1,682.00	  	 	 	1,035.08	  	 	 	—  	  	 			
	 Desk Shell and Book case
	 		 		 	MET185	 	########	 	08/13/07	 	07/07/14	 	 	1,003.42	  	 				 				 	 	1,003.42	  	 	 	489.76	  	 	 	95.56	  	 	 	11.95	  	 				 	 	597.27	  	 	 	406.15	  	 	 	—  	  	 			
	 Desk Shell 66X30X29 Rect.
	 		 		 	MET185	 	########	 	08/13/07	 	07/07/14	 	 	779.36	  	 				 				 	 	779.36	  	 	 	380.40	  	 	 	74.22	  	 	 	9.28	  	 				 	 	463.90	  	 	 	315.46	  	 	 	—  	  	 			
	 Desk SNGLPED. with Book Case
	 		 		 	MET185	 	########	 	08/13/07	 	07/07/14	 	 	2,468.02	  	 				 				 	 	2,468.02	  	 	 	1,204.63	  	 	 	235.05	  	 	 	29.38	  	 				 	 	1,469.06	  	 	 	998.96	  	 	 	—  	  	 			
	 Hon Desk Shell 10500 66”
	 		 		 	MET185	 	########	 	08/31/07	 	07/25/14	 	 	1,399.95	  	 				 				 	 	1,399.95	  	 	 	683.31	  	 	 	133.33	  	 	 	16.67	  	 				 	 	833.30	  	 	 	566.65	  	 	 	—  	  	 			
	 42” Round Table and Upholstered High back Guest Chair
	 		 		 	MET185	 	########	 	02/18/08	 	01/12/15	 	 	1,415.96	  	 				 				 	 	1,415.96	  	 	 	589.98	  	 	 	134.85	  	 	 	16.86	  	 				 	 	741.69	  	 	 	674.27	  	 	 	—  	  	 			
	 Pedestal Desk. Guest Chair and 4Book Cases
	 		 		 	MET185	 	########	 	02/18/08	 	01/12/15	 	 	2,959.51	  	 				 				 	 	2,959.51	  	 	 	1,233.13	  	 	 	281.86	  	 	 	35.23	  	 				 	 	1,550.22	  	 	 	1,409.29	  	 	 	—  	  	 			
	 Lateral File Cabinet
	 		 		 	MET185	 	########	 	06/09/08	 	05/04/15	 	 	3,126.20	  	 				 				 	 	3,126.20	  	 	 	1,153.72	  	 	 	297.73	  	 	 	37.22	  	 				 	 	1,488.67	  	 	 	1,637.53	  	 	 	—  	  	 			
	 Overhead Doors for Building Seven
	 		 		 	OVE100	 	########	 	06/01/08	 	04/26/15	 	 	15,350.20	  	 				 				 	 	15,350.20	  	 	 	5,664.95	  	 	 	1,644.66	  	 	 	182.74	  	 				 	 	7,492.36	  	 	 	7,857.84	  	 	 	—  	  	 			
	 Office Furniture for Dennis Gilpatrick
	 		 		 	CP1010	 	########	 	06/01/08	 	04/26/15	 	 	1,459.27	  	 				 				 	 	1,459.27	  	 	 	538.54	  	 	 	156.35	  	 	 	17.37	  	 				 	 	712.26	  	 	 	747.01	  	 	 	—  	  	 			
	 Reclassed fixed assets
	 		 		 		 	########	 	05/31/08	 	04/25/15	 	 	19,963.62	  	 				 				 	 	19,963.62	  	 	 	7,367.53	  	 	 	2,138.96	  	 	 	237.66	  	 				 	 	9,744.15	  	 	 	10,219.47	  	 	 	—  	  	 			
	 12’ Conference table, 21” x 72” Credenza and 12 chairs
	 		 		 	CAP001	 	########	 	07/17/08	 	06/11/15	 	 	10,979.33	  	 				 				 	 	10,979.33	  	 	 	3,921.19	  	 	 	1,045.65	  	 	 	130.71	  	 				 	 	5,097.55	  	 	 	5,881.78	  	 	 	—  	  	 			
	 Security Guard Shack
	 		 		 	ALP001	 	########	 	02/22/08	 	01/16/15	 	 	4,527.58	  	 				 				 	 	4,527.58	  	 	 	1,886.49	  	 	 	431.20	  	 	 	53.90	  	 				 	 	2,371.59	  	 	 	2,155.99	  	 	 	—  	  	 			
	 Security Camera System
	 		 		 	YAL001	 	########	 	06/23/08	 	05/18/15	 	 	20,000.00	  	 				 				 	 	20,000.00	  	 	 	7,380.95	  	 	 	1,904.76	  	 	 	238.10	  	 				 	 	9,523.81	  	 	 	10,476.19	  	 	 	—  	  	 			
	 Glass Etchings QDS
	 		 		 	TER001	 	########	 	09/08/08	 	08/03/15	 	 	16,145.47	  	 				 				 	 	16,145.47	  	 	 	5,381.82	  	 	 	1,537.66	  	 	 	192.21	  	 				 	 	7,111.70	  	 	 	9,033.77	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance- Furniture & Fixtures
	 		 		 		 		 		 		 	 	142,188.26	  	 	 	—  	  	 	 	(14,810.00	) 	 	 	127,378.26	  	 	 	68,007.66	  	 	 	12,569.04	  	 	 	1,502.25	  	 	 	(14,810.00	) 	 	 	67,268.96	  	 	 	60,109.30	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Shop Equipments 100-4200/5200
	 		 		 		 		 		 		 				 				 				 				 				 				 				 				 				 				 				 			
	 Shipping Container 10x12
	 		 		 		 	########	 	03/26/01	 	02/18/08	 	 	5,035.00	  	 				 				 	 	5,035.00	  	 	 	5,035.00	  	 	 	—  	  	 	 	—  	  	 				 	 	5,035.00	  	 	 	—  	  	 	 	—  	  	 			
	 Welding Machine
	 		 		 	TEC080	 	########	 	04/06/05	 	02/29/12	 	 	1,989.54	  	 				 				 	 	1,989.54	  	 	 	1,657.95	  	 	 	189.48	  	 	 	23.69	  	 				 	 	1,871.12	  	 	 	118.43	  	 	 	—  	  	 			
	 Welding Machine
	 		 		 	TEC080	 	########	 	04/06/05	 	02/29/12	 	 	1,989.54	  	 				 				 	 	1,989.54	  	 	 	1,657.95	  	 	 	189.48	  	 	 	23.69	  	 				 	 	1,871.12	  	 	 	118.43	  	 	 	—  	  	 			
	 Used Hyster H110 XL forklift
	 		 		 	FOR025	 	########	 	10/27/05	 	09/20/12	 	 	19,485.00	  	 				 				 	 	19,485.00	  	 	 	14,613.75	  	 	 	1,855.71	  	 	 	231.96	  	 				 	 	16,701.43	  	 	 	2,783.57	  	 	 	—  	  	 			
	 Welding Machine
	 		 		 	TEC080	 	########	 	11/04/05	 	09/28/12	 	 	2,985.00	  	 				 				 	 	2,985.00	  	 	 	2,238.75	  	 	 	284.29	  	 	 	35.54	  	 				 	 	2,558.57	  	 	 	426.43	  	 	 	—  	  	 			
	 1998 Snorkel Manlift
	 		 		 	RSC001	 	########	 	11/10/05	 	10/04/12	 	 	11,500.00	  	 				 				 	 	11,500.00	  	 	 	8,625.00	  	 	 	1,095.24	  	 	 	136.90	  	 				 	 	9,857.14	  	 	 	1,642.86	  	 	 	—  	  	 			
	 2000 Atlas Compressor
	 		 		 	RSC001	 	########	 	11/10/05	 	10/04/12	 	 	4,300.00	  	 				 				 	 	4,300.00	  	 	 	3,225.00	  	 	 	409.52	  	 	 	51.19	  	 				 	 	3,685.71	  	 	 	614.29	  	 	 	—  	  	 			
	 1998 Coleman Lite Tower
	 		 		 	RSC001	 	########	 	11/10/05	 	10/04/12	 	 	3,500.00	  	 				 				 	 	3,500.00	  	 	 	2,625.00	  	 	 	333.33	  	 	 	41.67	  	 				 	 	3,000.00	  	 	 	500.00	  	 	 	—  	  	 			
	 1998 Coleman Lite Tower
	 		 		 	RSC001	 	########	 	11/10/05	 	10/04/12	 	 	3,500.00	  	 				 				 	 	3,500.00	  	 	 	2,625.00	  	 	 	333.33	  	 	 	41.67	  	 				 	 	3,000.00	  	 	 	500.00	  	 	 	—  	  	 			
	 Welding Machine
	 		 		 	TEC080	 	########	 	11/10/05	 	10/04/12	 	 	6,280.18	  	 				 				 	 	6,280.18	  	 	 	4,710.14	  	 	 	598.11	  	 	 	74.76	  	 				 	 	5,383.01	  	 	 	897.17	  	 	 	—  	  	 			
	 20’ Container-Elec Invent
	 		 		 	JE010001	 	########	 	02/11/06	 	01/05/13	 	 	2,652.07	  	 				 				 	 	2,652.07	  	 	 	1,862.76	  	 	 	284.15	  	 	 	31.57	  	 				 	 	2,178.49	  	 	 	473.58	  	 	 	—  	  	 			
	 4 Mach Line CV-305/LF-42 w/ Adapt Bushing K-1500-4
	 		 		 	TEC080	 	########	 	02/28/06	 	01/22/13	 	 	13,172.56	  	 				 				 	 	13,172.56	  	 	 	9,252.16	  	 	 	1,254.53	  	 	 	156.82	  	 				 	 	10,663.50	  	 	 	2,509.06	  	 	 	—  	  	 			
	 Terax 6 KW Generator Trailer Mounted Light Tower
	 		 		 	TEC080	 	########	 	03/30/06	 	02/21/13	 	 	1,850.00	  	 				 				 	 	1,850.00	  	 	 	1,277.38	  	 	 	176.19	  	 	 	22.02	  	 				 	 	1,475.60	  	 	 	374.40	  	 	 	—  	  	 			
	 Light Tower Model TX3060D-4MH
	 		 		 	GEN001	 	########	 	04/12/06	 	03/06/13	 	 	4,500.00	  	 				 				 	 	4,500.00	  	 	 	3,053.57	  	 	 	482.14	  	 	 	53.57	  	 				 	 	3,589.29	  	 	 	910.71	  	 	 	—  	  	 			
	 Light Tower Model TX3060D-4MH
	 		 		 	GEN001	 	########	 	04/12/06	 	03/06/13	 	 	4,500.00	  	 				 				 	 	4,500.00	  	 	 	3,053.57	  	 	 	482.14	  	 	 	53.57	  	 				 	 	3,589.29	  	 	 	910.71	  	 	 	—  	  	 			
	 Light Tower Model TX3060D-4MH
	 		 		 	GEN001	 	########	 	04/12/06	 	03/06/13	 	 	4,500.00	  	 				 				 	 	4,500.00	  	 	 	3,053.57	  	 	 	482.14	  	 	 	53.57	  	 				 	 	3,589.29	  	 	 	910.71	  	 	 	—  	  	 			
	 Light Tower Model TX3060D-4MH
	 		 		 	GEN001	 	########	 	04/12/06	 	03/06/13	 	 	4,500.00	  	 				 				 	 	4,500.00	  	 	 	3,053.57	  	 	 	482.14	  	 	 	53.57	  	 				 	 	3,589.29	  	 	 	910.71	  	 	 	—  	  	 			
	 DP20001-Digital Manometer/Calibrator .05 w/Kit
	 		 		 	MER001	 	########	 	04/21/06	 	03/15/13	 	 	1,606.00	  	 				 				 	 	1,606.00	  	 	 	1,089.79	  	 	 	152.95	  	 	 	19.12	  	 				 	 	1,261.86	  	 	 	344.14	  	 	 	—  	  	 			
	 v80 D Diesel Used Fork Lift 8000lb. Capacity
	 		 		 	PIL025	 	########	 	04/28/06	 	03/22/13	 	 	8,500.00	  	 				 				 	 	8,500.00	  	 	 	5,767.86	  	 	 	809.52	  	 	 	101.19	  	 				 	 	6,678.57	  	 	 	1,821.43	  	 	 	—  	  	 			
	 2001 E-Z Go Golf Cart
	 		 		 	JE040003	 	########	 	04/30/06	 	03/24/13	 	 	1,700.00	  	 				 				 	 	1,700.00	  	 	 	1,153.57	  	 	 	161.90	  	 	 	20.24	  	 				 	 	1,335.71	  	 	 	364.29	  	 	 	—  	  	 			
	 2001 Club Golft Cart
	 		 		 	JE040003	 	########	 	04/30/06	 	03/24/13	 	 	1,700.00	  	 				 				 	 	1,700.00	  	 	 	1,153.57	  	 	 	161.90	  	 	 	20.24	  	 				 	 	1,335.71	  	 	 	364.29	  	 	 	—  	  	 			
	 2 Lincoln Welding Machines
	 		 		 	JE050003	 	########	 	05/24/06	 	04/17/13	 	 	6,817.00	  	 				 				 	 	6,817.00	  	 	 	4,544.67	  	 	 	649.24	  	 	 	81.15	  	 				 	 	5,275.06	  	 	 	1,541.94	  	 	 	—  	  	 			
	 Model 1045 Trans.Proc. Cable
	 		 		 	JE0500044	 	########	 	05/26/06	 	04/19/13	 	 	1,813.22	  	 				 				 	 	1,813.22	  	 	 	1,208.81	  	 	 	172.69	  	 	 	21.59	  	 				 	 	1,403.09	  	 	 	410.13	  	 	 	—  	  	 			
	 RAD 1400 NGX Pneumatic torque wrench w/ regulator
	 		 		 		 	########	 	06/07/06	 	05/01/13	 	 	5,533.24	  	 				 				 	 	5,533.24	  	 	 	3,688.83	  	 	 	526.98	  	 	 	65.87	  	 				 	 	4,281.67	  	 	 	1,251.57	  	 	 	—  	  	 			
	 Genie Z45/22 Articulated Boom Lift- Sn: Z45002840
	 		 		 	EH0100	 	########	 	06/08/06	 	05/02/13	 	 	9,286.25	  	 				 				 	 	9,286.25	  	 	 	6,190.83	  	 	 	884.40	  	 	 	110.55	  	 				 	 	7,185.79	  	 	 	2,100.46	  	 	 	—  	  	 			
	 Genie Z45/22 4x4 Articulated Boom Lift-Sn: Z45002008
	 		 		 	EH0100	 	########	 	06/08/06	 	05/02/13	 	 	10,378.75	  	 				 				 	 	10,378.75	  	 	 	6,919.17	  	 	 	988.45	  	 	 	123.56	  	 				 	 	8,031.18	  	 	 	2,347.57	  	 	 	—  	  	 			
	 1997 LLG40HA Articulated Boom Lift - Sn: 300034271
	 		 		 	EH0100	 	########	 	06/08/06	 	05/02/13	 	 	7,507.50	  	 				 				 	 	7,507.50	  	 	 	5,005.00	  	 	 	715.00	  	 	 	89.38	  	 				 	 	5,809.38	  	 	 	1,698.13	  	 	 	—  	  	 			
	 Trane 30 Ton Portable Air Conditioning Unit
	 		 		 	EH0100	 	########	 	06/08/06	 	05/02/13	 	 	2,949.38	  	 				 				 	 	2,949.38	  	 	 	1,996.25	  	 	 	280.89	  	 	 	35.11	  	 				 	 	2,282.26	  	 	 	667.12	  	 	 	—  	  	 			
	 Containers for Paint Shop
	 		 		 		 	########	 	06/26/06	 	05/20/13	 	 	4,250.00	  	 				 				 	 	4,250.00	  	 	 	2,782.74	  	 	 	404.76	  	 	 	50.60	  	 				 	 	3,238.10	  	 	 	1,011.90	  	 	 	—  	  	 			


  
 4 of 7 









 GES LLC 

Fixed Asset Schedule 
 September 30, 2011 

 


																																																													
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Costs	 	 	Accumulated Depreciation	 	 	Net Book
Value	 	 	Gain\
(Loss)	 	 	Proceeds	 
	 Description
	 	 Asset
#
	 	 Serial
#
	 	 Ref.
	 	 Life (Yrs)
	 	 Date
Acq.
	 	 Retire
Date
	 	Beginning
Balance
12/31/2010	 	 	Addns.	 	 	Disposal	 	 	Ending
Balance
09/30/11	 	 	Beginning
Balance
12/31/2010	 	 	Prior
Mo.
YTD
Depr.
Exp.
8/31/2011	 	 	Current
Mo.
YTD
Expense	 	 	Disposal	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 
	 20’ Containers
	 		 		 		 	########	 	7/11/06	 	06/04/13	 	 	3,000.00	  	 				 				 	 	3,000.00	  	 	 	1,928.57	  	 	 	321.43	  	 	 	35.71	  	 				 	 	2,285.71	  	 	 	714.29	  	 	 	—  	  	 			
	 2400 EZGO Golf Cart
	 		 		 		 	########	 	7/15/06	 	06/08/13	 	 	1,948.50	  	 				 				 	 	1,948.50	  	 	 	1,252.61	  	 	 	185.57	  	 	 	23.20	  	 				 	 	1,461.38	  	 	 	487.13	  	 	 	—  	  	 			
	 SG-60 Forklift SN 4462008652
	 		 		 		 	########	 	7/19/06	 	06/12/13	 	 	13,406.25	  	 				 				 	 	13,406.25	  	 	 	8,618.30	  	 	 	1,276.79	  	 	 	159.60	  	 				 	 	10,054.69	  	 	 	3,351.56	  	 	 	—  	  	 			
	 The Windsor Auction
	 		 		 		 	########	 	7/19/06	 	06/12/13	 	 	17,690.26	  	 				 				 	 	17,690.26	  	 	 	11,372.31	  	 	 	1,684.79	  	 	 	210.60	  	 				 	 	13,267.70	  	 	 	4,422.57	  	 	 	—  	  	 			
	 The Windsor Auction
	 		 		 		 	########	 	7/19/06	 	06/12/13	 	 	16,329.47	  	 				 				 	 	16,329.47	  	 	 	10,497.52	  	 	 	1,555.19	  	 	 	194.40	  	 				 	 	12,247.10	  	 	 	4,082.37	  	 	 	—  	  	 			
	 DC DW Frame Wall Jig
	 		 		 		 	########	 	8/31/06	 	07/25/13	 	 	14,531.00	  	 				 				 	 	14,531.00	  	 	 	9,168.37	  	 	 	1,383.90	  	 	 	172.99	  	 				 	 	10,725.26	  	 	 	3,805.74	  	 	 	—  	  	 			
	 Containers
	 		 		 		 	########	 	8/31/06	 	07/25/13	 	 	5,700.00	  	 				 				 	 	5,700.00	  	 	 	3,596.43	  	 	 	542.86	  	 	 	67.86	  	 				 	 	4,207.14	  	 	 	1,492.86	  	 	 	—  	  	 			
	 Toyota 8.500lb Forklift
	 		 		 		 	########	 	9/15/06	 	08/09/13	 	 	18,158.94	  	 				 				 	 	18,158.94	  	 	 	11,241.25	  	 	 	1,729.42	  	 	 	216.18	  	 				 	 	13,186.85	  	 	 	4,972.09	  	 	 	—  	  	 			
	 Lincoln Tig Welding Machine
	 		 		 		 	########	 	9/26/06	 	08/20/13	 	 	1,515.50	  	 				 				 	 	1,515.50	  	 	 	938.17	  	 	 	144.33	  	 	 	18.04	  	 				 	 	1,100.54	  	 	 	414.96	  	 	 	—  	  	 			
	 Golf Cart
	 		 		 		 	########	 	9/29/06	 	08/23/13	 	 	2,706.25	  	 				 				 	 	2,706.25	  	 	 	1,675.30	  	 	 	257.74	  	 	 	32.22	  	 				 	 	1,965.25	  	 	 	741.00	  	 	 	—  	  	 			
	 2-EZ Go Carts S/N 1068608 and 1183928
	 		 		 	LAR015	 	########	 	10/06/06	 	08/30/13	 	 	2,754.00	  	 				 				 	 	2,754.00	  	 	 	1,704.86	  	 	 	262.29	  	 	 	32.79	  	 				 	 	1,999.93	  	 	 	754.07	  	 	 	—  	  	 			
	 40 Foot Steel Dry Box 8’6”
	 		 		 	RCS000	 	########	 	10/17/06	 	09/10/13	 	 	1,865.90	  	 				 				 	 	1,865.90	  	 	 	1,132.87	  	 	 	177.70	  	 	 	22.21	  	 				 	 	1,332.79	  	 	 	533.11	  	 	 	—  	  	 			
	 Plasma Cutter Power Max 600
	 		 		 	TEC080	 	########	 	10/23/06	 	09/16/13	 	 	6,817.00	  	 				 				 	 	6,817.00	  	 	 	4,138.89	  	 	 	649.24	  	 	 	81.15	  	 				 	 	4,869.29	  	 	 	1,947.71	  	 	 	—  	  	 			
	 Lincoln Mig PackageCV305/LF72
	 		 		 	TEC080	 	########	 	10/23/06	 	09/16/13	 	 	13,844.86	  	 				 				 	 	13,844.86	  	 	 	8,405.81	  	 	 	1,318.56	  	 	 	164.82	  	 				 	 	9,889.19	  	 	 	3,955.67	  	 	 	—  	  	 			
	 Hydro-Power Shear
	 		 		 	BA1001	 	########	 	10/30/06	 	09/23/13	 	 	10,225.50	  	 				 				 	 	10,225.50	  	 	 	6,208.34	  	 	 	973.86	  	 	 	121.73	  	 				 	 	7,303.93	  	 	 	2,921.57	  	 	 	—  	  	 			
	 Lincoln Welding Machine-GCV305
	 		 		 		 	########	 	10/31/06	 	09/24/13	 	 	1,342.30	  	 				 				 	 	1,342.30	  	 	 	814.97	  	 	 	127.84	  	 	 	15.98	  	 				 	 	958.79	  	 	 	383.51	  	 	 	—  	  	 			
	 98 Club Car w/Shield Charger Strobe light A9836-692441
	 		 		 	LAR015	 	########	 	12/04/06	 	10/28/13	 	 	1,212.40	  	 				 				 	 	1,212.40	  	 	 	721.67	  	 	 	115.47	  	 	 	14.43	  	 				 	 	851.57	  	 	 	360.83	  	 	 	—  	  	 			
	 TOTO11-Pd8-Frm5012300
	 		 		 	TOTO11	 	########	 	12/31/06	 	11/24/13	 	 	14,531.00	  	 				 				 	 	14,531.00	  	 	 	8,476.42	  	 	 	1,383.90	  	 	 	172.99	  	 				 	 	10,033.31	  	 	 	4,497.69	  	 	 	—  	  	 			
	 Electric Caterpillar CI. NOR30P 2LL01274
	 		 		 	MUS201	 	########	 	01/12/07	 	12/06/13	 	 	12,695.96	  	 				 				 	 	12,695.96	  	 	 	7,254.83	  	 	 	1,209.14	  	 	 	151.14	  	 				 	 	8,615.12	  	 	 	4,080.84	  	 	 	—  	  	 			
	 Fluke 11000S Current Clamp
	 		 		 	BUT129	 	########	 	02/15/07	 	01/09/14	 	 	2,481.70	  	 				 				 	 	2,481.70	  	 	 	1,388.57	  	 	 	236.35	  	 	 	29.54	  	 				 	 	1,654.47	  	 	 	827.23	  	 	 	—  	  	 			
	 Fluke 724-Temp Caliburator
	 		 		 	BUT129	 	########	 	02/23/07	 	01/17/14	 	 	250.50	  	 				 				 	 	250.50	  	 	 	140.16	  	 	 	23.86	  	 	 	2.98	  	 				 	 	167.00	  	 	 	83.50	  	 	 	—  	  	 			
	 260-8RT Simpson Multimeter
	 		 		 	BUT129	 	########	 	02/23/07	 	01/17/14	 	 	3,933.00	  	 				 				 	 	3,933.00	  	 	 	2,200.61	  	 	 	374.57	  	 	 	46.82	  	 				 	 	2,622.00	  	 	 	1,311.00	  	 	 	—  	  	 			
	 230425 Hipot 4KV AC 5KV DC Biddle
	 		 		 	BUT129	 	########	 	02/23/07	 	01/17/14	 	 	2,146.00	  	 				 				 	 	2,146.00	  	 	 	1,200.74	  	 	 	204.38	  	 	 	25.55	  	 				 	 	1,430.67	  	 	 	715.33	  	 	 	—  	  	 			
	 Motorolla 2-Way Radio
	 		 		 	JE022001	 	########	 	02/28/07	 	01/22/14	 	 	2,738.17	  	 				 				 	 	2,738.17	  	 	 	1,532.07	  	 	 	260.78	  	 	 	32.60	  	 				 	 	1,825.45	  	 	 	912.72	  	 	 	—  	  	 			
	 Fluke 1550B-Megohmmeter
	 		 		 	BUT129	 	########	 	03/23/07	 	02/14/14	 	 	1,407.25	  	 				 				 	 	1,407.25	  	 	 	770.64	  	 	 	134.02	  	 	 	16.75	  	 				 	 	921.41	  	 	 	485.84	  	 	 	—  	  	 			
	 1997 EZGO Cart SN 1015989
	 		 		 	LAR015	 	########	 	03/31/07	 	02/22/14	 	 	1,407.25	  	 				 				 	 	1,407.25	  	 	 	770.64	  	 	 	134.02	  	 	 	16.75	  	 				 	 	921.41	  	 	 	485.84	  	 	 	—  	  	 			
	 1997 EZGO Cart SN 889207
	 		 		 	LAR015	 	########	 	03/31/07	 	02/22/14	 	 	6,170.25	  	 				 				 	 	6,170.25	  	 	 	3,378.95	  	 	 	587.64	  	 	 	73.46	  	 				 	 	4,040.04	  	 	 	2,130.21	  	 	 	—  	  	 			
	 2003 EZGo Carts
	 		 		 	LAR015	 	########	 	04/17/07	 	03/11/14	 	 	10,225.50	  	 				 				 	 	10,225.50	  	 	 	5,477.95	  	 	 	973.86	  	 	 	121.73	  	 				 	 	6,573.54	  	 	 	3,651.96	  	 	 	—  	  	 			
	 Lincoln Mig PackageCV305/LF72
	 		 		 	TEC080	 	########	 	06/22/07	 	05/16/14	 	 	38,181.60	  	 				 				 	 	38,181.60	  	 	 	19,545.34	  	 	 	3,636.34	  	 	 	454.54	  	 				 	 	23,636.23	  	 	 	14,545.37	  	 	 	—  	  	 			
	 2003 Yamaha Golf Cart
	 		 		 	LAR015	 	########	 	07/25/07	 	06/18/14	 	 	1,948.50	  	 				 				 	 	1,948.50	  	 	 	974.25	  	 	 	185.57	  	 	 	23.20	  	 				 	 	1,183.02	  	 	 	765.48	  	 	 	—  	  	 			
	 Trac Torch CM-27 PKG W/C 58 Welding Machine
	 		 		 	ASS001	 	########	 	08/25/07	 	07/19/14	 	 	4,726.00	  	 				 				 	 	4,726.00	  	 	 	2,306.74	  	 	 	450.10	  	 	 	56.26	  	 				 	 	2,813.10	  	 	 	1,912.90	  	 	 	—  	  	 			
	 Pipe Bevel Machine Model 3-8
	 		 		 	ASS001	 	########	 	08/25/07	 	07/19/14	 	 	979.80	  	 				 				 	 	979.80	  	 	 	478.24	  	 	 	93.31	  	 	 	11.66	  	 				 	 	583.21	  	 	 	396.59	  	 	 	—  	  	 			
	 Pipe Bevel Machine Model 7-12
	 		 		 	ASS001	 	########	 	08/25/07	 	07/19/14	 	 	1,397.25	  	 				 				 	 	1,397.25	  	 	 	681.99	  	 	 	133.07	  	 	 	16.63	  	 				 	 	831.70	  	 	 	565.55	  	 	 	—  	  	 			
	 NS-Lincoln Package CV305/LF72 Welding Machine
	 		 		 	TEC080	 	########	 	08/22/07	 	07/16/14	 	 	25,190.37	  	 				 				 	 	25,190.37	  	 	 	12,295.30	  	 	 	2,399.08	  	 	 	299.89	  	 				 	 	14,994.27	  	 	 	10,196.10	  	 	 	—  	  	 			
	 Welding Machine Racks
	 		 		 	NEZ000	 	########	 	08/31/07	 	07/25/14	 	 	30,000.00	  	 				 				 	 	30,000.00	  	 	 	14,642.86	  	 	 	2,857.14	  	 	 	357.14	  	 				 	 	17,857.14	  	 	 	12,142.86	  	 	 	—  	  	 			
	 Hardware tools for technicians
	 		 		 		 	########	 	03/31/08	 	02/23/15	 	 	23,055.00	  	 				 				 	 	23,055.00	  	 	 	9,331.79	  	 	 	2,195.71	  	 	 	274.46	  	 				 	 	11,801.96	  	 	 	11,253.04	  	 	 	—  	  	 			
	 20’ Sea Container
	 		 		 	EQU002	 	########	 	05/07/08	 	04/01/15	 	 	1,997.21	  	 				 				 	 	1,997.21	  	 	 	760.84	  	 	 	190.21	  	 	 	23.78	  	 				 	 	974.83	  	 	 	1,022.38	  	 	 	—  	  	 			
	 15 Ton Crane for Bldg 2- Engine and Generator Shop
	 		 		 	CRA001	 	########	 	08/15/08	 	07/10/15	 	 	53,000.00	  	 				 				 	 	53,000.00	  	 	 	18,297.62	  	 	 	5,047.62	  	 	 	630.95	  	 				 	 	23,976.19	  	 	 	29,023.81	  	 	 	—  	  	 			
	 15 Ton Crane for Bldg 3- Mud Pump Shop
	 		 		 	CRA001	 	########	 	08/15/08	 	07/10/15	 	 	53,000.00	  	 				 				 	 	53,000.00	  	 	 	18,297.62	  	 	 	5,047.62	  	 	 	630.95	  	 				 	 	23,976.19	  	 	 	29,023.81	  	 	 	—  	  	 			
	 Lincoln Vantage 500 Welder Diesel
	 		 		 	TEC080	 	########	 	08/29/08	 	07/24/15	 	 	15,104.00	  	 				 				 	 	15,104.00	  	 	 	5,034.67	  	 	 	1,618.29	  	 	 	179.81	  	 				 	 	6,832.76	  	 	 	8,271.24	  	 	 	—  	  	 			
	 Marvel Saw
	 		 		 	SOU25	 	########	 	03/19/09	 	02/11/16	 	 	5,525.00	  	 				 				 	 	5,525.00	  	 	 	1,447.02	  	 	 	526.19	  	 	 	65.77	  	 				 	 	2,038.99	  	 	 	3,486.01	  	 	 	—  	  	 			
	 Sales Tax- Marvel Saw
	 		 		 	SOU25	 	########	 	03/19/09	 	02/11/16	 	 	455.82	  	 				 				 	 	455.82	  	 	 	119.38	  	 	 	43.41	  	 	 	5.43	  	 				 	 	168.22	  	 	 	287.60	  	 	 	—  	  	 			
	 Health Flame Cutter
	 		 		 	SOU25	 	########	 	03/19/09	 	02/11/16	 	 	2,125.00	  	 				 				 	 	2,125.00	  	 	 	556.55	  	 	 	202.38	  	 	 	25.30	  	 				 	 	784.23	  	 	 	1,340.77	  	 	 	—  	  	 			
	 Sales Tax- Health Flame Cutter
	 		 		 	SOU25	 	########	 	03/19/09	 	02/11/16	 	 	175.31	  	 				 				 	 	175.31	  	 	 	45.91	  	 	 	16.70	  	 	 	2.09	  	 				 	 	64.70	  	 	 	110.61	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 504-5130/5200 Subtotal
	 		 		 		 		 		 		 	 	606,175.80	  	 	 	—  	  	 	 	—  	  	 	 	606,175.80	  	 	 	333,915.10	  	 	 	57,712.89	  	 	 	7,156.44	  	 	 	—  	  	 	 	398,784.43	  	 	 	207,391.37	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 Tektronics Osillascope
	 		 		 		 	########	 	03/17/01	 	02/09/08	 	 	2,200.00	  	 				 				 	 	2,200.00	  	 	 	2,200.00	  	 	 	—  	  	 	 	—  	  	 				 	 	2,200.00	  	 	 	—  	  	 	 	—  	  	 			
	 Ironworker 40 Ton (Bend Mach)
	 		 		 		 	########	 	08/20/01	 	07/14/08	 	 	2,558.00	  	 				 				 	 	2,558.00	  	 	 	2,558.00	  	 	 	—  	  	 	 	—  	  	 				 	 	2,558.00	  	 	 	—  	  	 	 	—  	  	 			
	 Hyster 50 Forklift-SN6815
	 		 		 		 	########	 	09/08/01	 	08/02/08	 	 	5,000.00	  	 				 	 	(5,000.00	) 	 	 	—  	  	 	 	5,000.00	  	 	 	—  	  	 	 	—  	  	 	 	(5,000.00	) 	 	 	—  	  	 	 	—  	  	 	 	2,500.00	  	 	 	2,500.00	  
	 Hyster Forklift-SN9745
	 		 		 		 	########	 	09/09/01	 	08/03/08	 	 	4,000.00	  	 				 	 	(4,000.00	) 	 	 	—  	  	 	 	4,000.00	  	 	 	—  	  	 	 	—  	  	 	 	(4,000.00	) 	 	 	—  	  	 	 	—  	  	 	 	2,500.00	  	 	 	2,500.00	  
	 Golf Cart ‘98 Yamaha SN741
	 		 		 		 	########	 	08/29/02	 	07/23/09	 	 	2,436.00	  	 				 				 	 	2,436.00	  	 	 	2,436.00	  	 	 	—  	  	 	 	—  	  	 				 	 	2,436.00	  	 	 	—  	  	 	 	—  	  	 			
	 Used Nissan PD90YForklift 144”MFH
	 		 		 	ACT015	 	########	 	01/27/05	 	12/22/11	 	 	21,482.39	  	 				 				 	 	21,482.39	  	 	 	18,413.48	  	 	 	2,045.94	  	 	 	255.74	  	 				 	 	20,715.16	  	 	 	767.23	  	 	 	—  	  	 			
	 Used Nissan PD90YForklift 60”MFH
	 		 		 	ACT015	 	########	 	01/27/05	 	12/22/11	 	 	18,986.94	  	 				 				 	 	18,986.94	  	 	 	16,274.52	  	 	 	1,808.28	  	 	 	226.04	  	 				 	 	18,308.84	  	 	 	678.11	  	 	 	—  	  	 			
	 JIGS SKIDS 5803
	 		 		 	JECM120	 	########	 	09/30/10	 	08/24/17	 	 	14,468.36	  	 				 				 	 	14,468.36	  	 	 	516.73	  	 	 	1,377.94	  	 	 	172.24	  	 				 	 	2,066.91	  	 	 	12,461.45	  	 	 	—  	  	 			
	 CROWN SKID TOOLING (JIGS)
	 		 		 	JECM120	 	########	 	09/30/10	 	08/24/17	 	 	14,081.13	  	 				 				 	 	14,081.13	  	 	 	502.90	  	 	 	1,341.06	  	 	 	167.63	  	 				 	 	2,011.59	  	 	 	12,069.54	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 501-5130/5200 Subtotal
	 		 		 		 		 		 		 	 	85,212.82	  	 	 	—  	  	 	 	(9,000.00	) 	 	 	76,212.82	  	 	 	51,901.62	  	 	 	6,573.22	  	 	 	821.65	  	 	 	(9,000.00	) 	 	 	50,296.50	  	 	 	25,916.32	  	 	 	5,000.00	  	 	 	5,000.00	  
		 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 Welding Machine
	 		 		 	TEC080	 	########	 	03/30/05	 	02/22/12	 	 	1,989.54	  	 				 				 	 	1,989.54	  	 	 	1,657.95	  	 	 	189.48	  	 	 	23.69	  	 				 	 	1,871.12	  	 	 	118.43	  	 	 	—  	  	 			
	 Welding Machine
	 		 		 	TEC080	 	########	 	03/30/05	 	02/22/12	 	 	1,989.54	  	 				 				 	 	1,989.54	  	 	 	1,657.95	  	 	 	189.48	  	 	 	23.69	  	 				 	 	1,871.12	  	 	 	118.43	  	 	 	—  	  	 			
	 Welding Machine
	 		 		 	TEC080	 	########	 	10/21/05	 	09/14/12	 	 	16,110.00	  	 				 				 	 	16,110.00	  	 	 	12,082.50	  	 	 	1,534.29	  	 	 	191.79	  	 				 	 	13,808.57	  	 	 	2,301.43	  	 	 	—  	  	 			
	 4 Foot Radial Drill
	 		 		 	MAC001	 	########	 	11/02/05	 	09/26/12	 	 	6,500.00	  	 				 				 	 	6,500.00	  	 	 	4,875.00	  	 	 	619.05	  	 	 	77.38	  	 				 	 	5,571.43	  	 	 	928.57	  	 	 	—  	  	 			
	 Welding Machine
	 		 		 	TEC080	 	########	 	11/30/05	 	10/24/12	 	 	12,560.35	  	 				 				 	 	12,560.35	  	 	 	9,270.73	  	 	 	1,196.22	  	 	 	149.53	  	 				 	 	10,616.49	  	 	 	1,943.86	  	 	 	—  	  	 			
	 Welding Machine
	 		 		 	TEC080	 	########	 	11/21/05	 	10/15/12	 	 	3,140.09	  	 				 				 	 	3,140.09	  	 	 	2,317.69	  	 	 	299.06	  	 	 	37.38	  	 				 	 	2,654.12	  	 	 	485.97	  	 	 	—  	  	 			
	 Welding Machine
	 		 		 	TEC080	 	########	 	11/23/05	 	10/17/12	 	 	18,845.40	  	 				 				 	 	18,845.40	  	 	 	13,909.70	  	 	 	1,794.80	  	 	 	224.35	  	 				 	 	15,928.85	  	 	 	2,916.55	  	 	 	—  	  	 			
	 1992Used 11000lb Forklift
	 		 		 	MYE020	 	########	 	12/31/05	 	11/24/12	 	 	5,362.50	  	 				 				 	 	5,362.50	  	 	 	3,894.20	  	 	 	510.71	  	 	 	63.84	  	 				 	 	4,468.75	  	 	 	893.75	  	 	 	—  	  	 			


  
 5 of 7 









 GES LLC 

Fixed Asset Schedule 
 September 30, 2011 

 


																																																													
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Costs	 	 	Accumulated Depreciation	 	 	Net Book
Value	 	 	Gain\
(Loss)	 	 	Proceeds	 
	 Description
	 	Asset
#	 	 Serial #
	 	Ref.	 	Life (Yrs)	 	Date
Acq.	 	Retire
Date	 	Beginning
Balance
12/31/2010	 	 	Addns.	 	 	Disposal	 	 	Ending
Balance
09/30/11	 	 	Beginning
Balance
12/31/2010	 	 	Prior Mo.
YTD
Depr.
Exp.
8/31/2011	 	 	Current
Mo.
YTD
Expense	 	 	Disposal	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 
	 1995 Used 5000lb Forklift
	 		 		 	MYE020	 	########	 	12/31/05	 	11/24/12	 	 	12,870.00	  	 				 				 	 	12,870.00	  	 	 	9,346.07	  	 	 	1,225.71	  	 	 	153.21	  	 				 	 	10,725.00	  	 	 	2,145.00	  	 	 	—  	  	 			
	 Ingersall-Rand Portable Air Compressor
	 		 		 		 	########	 	05/31/06	 	04/24/13	 	 	5,775.00	  	 				 				 	 	5,775.00	  	 	 	3,850.00	  	 	 	550.00	  	 	 	68.75	  	 				 	 	4,468.75	  	 	 	1,306.25	  	 	 	—  	  	 			
	 40 Foot Steel Dry Box 8’6”
	 		 		 	REF090	 	########	 	10/24/06	 	09/17/13	 	 	4,590.00	  	 				 				 	 	4,590.00	  	 	 	2,786.79	  	 	 	437.14	  	 	 	54.64	  	 				 	 	3,278.57	  	 	 	1,311.43	  	 	 	—  	  	 			
	 Nissan Forklift Model # PH02A25V
	 		 		 	MYE020	 	########	 	05/17/07	 	04/10/14	 	 	7,490.90	  	 				 				 	 	7,490.90	  	 	 	3,923.80	  	 	 	713.42	  	 	 	89.18	  	 				 	 	4,726.40	  	 	 	2,764.50	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 503-5130/5200 Subtotal
	 		 		 		 		 		 		 	 	97,223.32	  	 	 	—  	  	 	 	—  	  	 	 	97,223.32	  	 	 	69,572.38	  	 	 	9,259.36	  	 	 	1,157.42	  	 	 	—  	  	 	 	79,989.16	  	 	 	17,234.16	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 Forklink Cat V250B
	 		 		 		 	########	 	02/21/01	 	01/16/08	 	 	27,500.00	  	 				 				 	 	27,500.00	  	 	 	27,500.00	  	 	 	—  	  	 	 	(0.00	) 	 				 	 	27,500.00	  	 	 	—  	  	 	 	—  	  	 			
	 Dual motor test stand
	 		 		 		 	########	 	12/06/07	 	10/30/14	 	 	95,184.29	  	 				 				 	 	95,184.29	  	 	 	41,926.41	  	 	 	9,065.17	  	 	 	1,133.15	  	 				 	 	52,124.73	  	 	 	43,059.56	  	 	 	—  	  	 			
	 IS400 Engraving System
	 		 		 	HER030	 	########	 	08/26/08	 	07/21/15	 	 	15,269.98	  	 				 				 	 	15,269.98	  	 	 	5,271.78	  	 	 	1,454.28	  	 	 	181.79	  	 				 	 	6,907.85	  	 	 	8,362.13	  	 	 	—  	  	 			
	 Engine Overhaul- Forklift Cat Model V250B
	 		 		 	ATR001	 	########	 	03/01/09	 	01/24/16	 	 	19,700.00	  	 				 				 	 	19,700.00	  	 	 	5,159.52	  	 	 	1,876.19	  	 	 	234.52	  	 				 	 	7,270.24	  	 	 	12,429.76	  	 	 	—  	  	 			
	 Sales Tax- Engine Overhaul
	 		 		 	ATR001	 	########	 	03/01/09	 	01/24/16	 	 	1,625.25	  	 				 				 	 	1,625.25	  	 	 	425.66	  	 	 	154.79	  	 	 	19.35	  	 				 	 	599.79	  	 	 	1,025.46	  	 	 	—  	  	 			
	 Electrical Engine
	 		 		 		 	########	 	12/31/09	 	11/24/16	 	 	336,746.00	  	 				 				 	 	336,746.00	  	 	 	48,106.57	  	 	 	32,071.05	  	 	 	4,008.88	  	 				 	 	84,186.50	  	 	 	252,559.50	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 502-5130/5200 Subtotal
	 		 		 		 		 		 		 	 	496,025.52	  	 	 	—  	  	 	 	—  	  	 	 	496,025.52	  	 	 	128,389.95	  	 	 	44,621.48	  	 	 	5,577.68	  	 	 	—  	  	 	 	178,589.11	  	 	 	317,436.41	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 Used Flat Bad for Yard Truck
	 		 		 	CNC001	 	########	 	10/07/08	 	09/01/15	 	 	1,540.00	  	 				 				 	 	1,540.00	  	 	 	495.00	  	 	 	146.67	  	 	 	18.33	  	 				 	 	660.00	  	 	 	880.00	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 623-6150/5200 Subtotal
	 		 		 		 		 		 		 	 	1,540.00	  	 	 	—  	  	 	 	—  	  	 	 	1,540.00	  	 	 	495.00	  	 	 	146.67	  	 	 	18.33	  	 	 	—  	  	 	 	660.00	  	 	 	880.00	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
		 		 		 		 		 		 		 	 	261,335.12	  	 				 	 	(261,335.12	) 	 	 	—  	  	 	 	261,335.12	  	 	 	—  	  	 	 	—  	  	 	 	(261,335.12	) 	 	 	—  	  	 				 				 			
	 Audit Adjustment- AJE # 1 Period 8
	 		 		 		 		 	09/30/07	 		 				 				 				 	 	—  	  	 	 	40,228.35	  	 	 	—  	  	 	 	—  	  	 				 	 	40,228.35	  	 	 	(40,228.35	) 	 	 	—  	  	 			
	 To Correct to general Ledger Balance
	 		 		 		 		 	09/30/07	 		 				 				 				 	 	—  	  	 	 	30,245.34	  	 	 	—  	  	 	 	—  	  	 				 	 	30,245.34	  	 	 	(30,245.34	) 	 	 	—  	  	 			
	 Grant Thorton Audit Adjustment
	 		 		 	GT	 	########	 	12/31/09	 	12/26/10	 	 	(455,934.00	) 	 				 				 	 	(455,934.00	) 	 	 	(455,934.00	) 	 	 	—  	  	 	 	—  	  	 				 	 	(455,934.00	) 	 	 	—  	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance - Shop Equipment
	 		 		 		 		 		 		 	 	##########	  	 	 	—  	  	 	 	(270,335.12	) 	 	 	821,243.46	  	 	 	460,148.86	  	 	 	118,313.62	  	 	 	14,731.53	  	 	 	(270,335.12	) 	 	 	322,858.89	  	 	 	498,384.57	  	 	 	5,000.00	  	 	 	5,000.00	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Land 11609 N Galayda 100-4210
	 		 		 		 		 		 		 				 				 				 				 				 				 				 				 				 				 				 			
	 11609 N Galayda
	 		 		 	LAN005	 	########	 	03/22/06	 		 	 	89,167.05	  	 				 				 	 	89,167.05	  	 				 				 				 				 				 	 	89,167.05	  	 				 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance - Land 11609 N Galayda
	 		 		 		 		 		 		 	 	89,167.05	  	 	 	—  	  	 	 	—  	  	 	 	89,167.05	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	89,167.05	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Land 11616 N Galayda 100-4230
	 		 		 		 		 		 		 				 				 				 				 				 				 				 				 				 				 				 			
	 11616 N Galayda
	 		 		 	LAN005	 	########	 	03/22/06	 		 	 	236,842.86	  	 				 				 	 	236,842.86	  	 				 				 				 				 				 	 	236,842.86	  	 				 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance - Land 11616 N Galayda
	 		 		 		 		 		 		 	 	236,842.86	  	 	 	—  	  	 	 	—  	  	 	 	236,842.86	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	236,842.86	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Land 11617 N Galayda 100-4240
	 		 		 		 		 		 		 				 				 				 				 				 				 				 				 				 				 				 			
	 11617 N Galayda
	 		 		 	LAN005	 	########	 	03/22/06	 		 	 	195,189.91	  	 				 				 	 	195,189.91	  	 				 				 				 				 				 	 	195,189.91	  	 				 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance - Land 11617 N Galayda
	 		 		 		 		 		 		 	 	195,189.91	  	 	 	—  	  	 	 	—  	  	 	 	195,189.91	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	195,189.91	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Land-Allen Industrial Park 100-4251
	 		 		 		 		 		 		 				 				 				 				 				 				 				 				 				 				 				 			
	 Acquisition of Real Property
	 		 		 	JEROD74	 	########	 	10/02/07	 		 	 	512,987.41	  	 				 				 	 	512,987.41	  	 				 				 				 				 				 	 	512,987.41	  	 				 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance- Land Allen Industrial Park
	 		 		 		 		 		 		 	 	512,987.41	  	 	 	—  	  	 	 	—  	  	 	 	512,987.41	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	512,987.41	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Land Improvements 100-4255/5255
	 		 		 		 		 		 		 				 				 				 				 				 				 				 				 				 				 				 			
	 Site Pad 2 Located on Breen Rd- 25 Tonnes of Limestone
	 		 		 	CKG002	 	########	 	05/01/08	 	01/17/28	 	 	14,740.00	  	 	 	—  	  	 				 	 	14,740.00	  	 	 	1,965.33	  	 	 	552.75	  	 	 	61.42	  	 				 	 	2,579.50	  	 	 	12,160.50	  	 	 	—  	  	 			
	 Six Foot Chain Link Fence Installation
	 		 		 	ATL002	 	########	 	05/01/08	 	01/17/28	 	 	26,358.00	  	 	 	—  	  	 				 	 	26,358.00	  	 	 	3,514.40	  	 	 	988.43	  	 	 	109.83	  	 				 	 	4,612.65	  	 	 	21,745.35	  	 	 	—  	  	 			
	 Road for Truck Access- Dimensions 18’ X90’ X6”
	 		 		 	CKG002	 	########	 	05/01/08	 	01/17/28	 	 	14,000.00	  	 	 	—  	  	 				 	 	14,000.00	  	 	 	1,866.67	  	 	 	525.00	  	 	 	58.33	  	 				 	 	2,450.00	  	 	 	11,550.00	  	 	 	—  	  	 			
	 Building 1 Drive way and Packing
	 		 		 	CKG002	 	########	 	05/01/08	 	01/17/28	 	 	18,500.00	  	 	 	—  	  	 				 	 	18,500.00	  	 	 	2,466.67	  	 	 	693.75	  	 	 	77.08	  	 				 	 	3,237.50	  	 	 	15,262.50	  	 	 	—  	  	 			
	 8X8X10 Guard House Building
	 		 		 	ALP001	 	########	 	05/01/08	 	01/17/28	 	 	4,527.58	  	 	 	—  	  	 				 	 	4,527.58	  	 	 	603.68	  	 	 	169.78	  	 	 	18.86	  	 				 	 	792.33	  	 	 	3,735.25	  	 	 	—  	  	 			
	 Concrete Slabs by Building 7 Parking lot and roll up doors
	 		 		 	CKG002	 	########	 	05/09/08	 	01/25/28	 	 	22,075.00	  	 	 	—  	  	 				 	 	22,075.00	  	 	 	2,943.33	  	 	 	735.83	  	 	 	91.98	  	 				 	 	3,771.15	  	 	 	18,303.85	  	 	 	—  	  	 			
	 Cement Ramps/Drive Building 1
	 		 		 	CKG002	 	########	 	05/31/08	 	02/16/28	 	 	10,500.00	  	 	 	—  	  	 				 	 	10,500.00	  	 	 	1,356.25	  	 	 	393.75	  	 	 	43.75	  	 				 	 	1,793.75	  	 	 	8,706.25	  	 	 	—  	  	 			
	 Reclass land improvement costs
	 		 		 	CKG002	 	########	 	05/31/08	 	02/16/28	 	 	22,377.00	  	 	 	—  	  	 				 	 	22,377.00	  	 	 	2,890.36	  	 	 	839.14	  	 	 	93.24	  	 				 	 	3,822.74	  	 	 	18,554.26	  	 	 	—  	  	 			
	 Truck Pad
	 		 		 	CKG002	 	########	 	01/31/09	 	10/18/28	 	 	24,000.00	  	 	 	—  	  	 				 	 	24,000.00	  	 	 	2,300.00	  	 	 	800.00	  	 	 	100.00	  	 				 	 	3,200.00	  	 	 	20,800.00	  	 	 	—  	  	 			
	 Sales Tax- Truck Pad
	 		 		 	CKG002	 	########	 	01/31/09	 	10/18/28	 	 	1,980.00	  	 	 	—  	  	 				 	 	1,980.00	  	 	 	189.75	  	 	 	66.00	  	 	 	8.25	  	 				 	 	264.00	  	 	 	1,716.00	  	 	 	—  	  	 			
	 Guard Gate and Fence
	 		 		 	CKG002	 	########	 	01/31/09	 	10/18/28	 	 	11,617.00	  	 	 	—  	  	 				 	 	11,617.00	  	 	 	1,113.30	  	 	 	387.23	  	 	 	48.40	  	 				 	 	1,548.93	  	 	 	10,068.07	  	 	 	—  	  	 			
	 Sales Tax- Guard Gate and Fence
	 		 		 	CKG002	 	########	 	01/31/09	 	10/18/28	 	 	958.40	  	 	 	—  	  	 				 	 	958.40	  	 	 	91.85	  	 	 	31.95	  	 	 	3.99	  	 				 	 	127.79	  	 	 	830.61	  	 	 	—  	  	 			
	 Paint Yard Stabilization
	 		 		 	CKG002	 	########	 	02/23/09	 	11/04/12	 	 	111,375.00	  	 	 	—  	  	 				 	 	111,375.00	  	 	 	56,925.00	  	 	 	19,800.00	  	 	 	2,475.00	  	 				 	 	79,200.00	  	 	 	32,175.00	  	 	 	—  	  	 			
	 Sales Tax- Paint Yard Stabilization
	 		 		 	CKG002	 	########	 	02/23/09	 	11/04/12	 	 	9,188.44	  	 	 	—  	  	 				 	 	9,188.44	  	 	 	4,696.31	  	 	 	1,633.50	  	 	 	204.19	  	 				 	 	6,534.00	  	 	 	2,654.44	  	 	 	—  	  	 			
	 Build Double Gates 60’ long Galvanized Tubing Installed
	 		 		 	LON002	 	########	 	10/08/09	 	06/25/29	 	 	14,260.00	  	 	 	—  	  	 				 	 	14,260.00	  	 	 	891.25	  	 	 	475.33	  	 	 	59.42	  	 				 	 	1,426.00	  	 	 	12,834.00	  	 	 	—  	  	 			
	 Sales Tax- Double Gate with Galvanized tubing
	 		 		 	LON002	 	########	 	10/08/09	 	06/25/29	 	 	1,176.45	  	 	 	—  	  	 				 	 	1,176.45	  	 	 	73.53	  	 	 	39.22	  	 	 	4.90	  	 				 	 	117.65	  	 	 	1,058.81	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance- Land Improvements
	 		 		 		 		 		 		 	 	307,632.87	  	 	 	—  	  	 	 	—  	  	 	 	307,632.87	  	 	 	83,887.67	  	 	 	28,131.66	  	 	 	3,458.64	  	 	 	—  	  	 	 	115,477.98	  	 	 	192,154.89	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Building 11609 Galayda 100-4260/5360
	 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 11609 N Galayda
	 		 		 		 	########	 	04/22/06	 	09/29/44	 	 	295,998.60	  	 				 				 	 	295,998.60	  	 	 	36,051.11	  	 	 	5,059.81	  	 	 	632.48	  	 				 	 	41,743.39	  	 	 	254,255.21	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance - Building 11609 N Galayda
	 		 		 		 		 		 		 	 	295,998.60	  	 	 	—  	  	 	 	—  	  	 	 	295,998.60	  	 	 	36,051.11	  	 	 	5,059.81	  	 	 	632.48	  	 	 	—  	  	 	 	41,743.39	  	 	 	254,255.21	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 


  
 6 of 7 









 GES LLC 

Fixed Asset Schedule 
 September 30, 2011 

 


																																																													
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Costs	 	 	Accumulated Depreciation	 	 	Net Book
Value	 	 	Gain\(Loss)	 	 	Proceeds	 
	 Description
	 	Asset
#	 	Serial #	 	Ref.	 	Life (Yrs)	 	Date
Acq.	 	Retire
Date	 	Beginning
Balance
12/31/2010	 	 	Addns.	 	 	Disposal	 	 	Ending
Balance
09/30/11	 	 	Beginning
Balance
12/31/2010	 	 	Prior Mo.
YTD
Depr.
Exp.
8/31/2011	 	 	Current
Mo.
YTD
Expense	 	 	Disposal	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 	 	Ending
Balance
9/30/2011	 
	 Building (11616) 100-4270/5370
	 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 11616 N Galayda
	 		 		 		 	########	 	04/22/06	 	09/29/44	 	 	269,168.94	  	 				 				 	 	269,168.94	  	 	 	32,783.40	  	 	 	4,601.18	  	 	 	575.15	  	 				 	 	37,959.72	  	 	 	231,209.22	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance - Building 11616 N Galayda
	 		 		 		 		 		 		 	 	269,168.94	  	 	 	—  	  	 	 	—  	  	 	 	269,168.94	  	 	 	32,783.40	  	 	 	4,601.18	  	 	 	575.15	  	 	 	—  	  	 	 	37,959.72	  	 	 	231,209.22	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Building 11617 N Galayda 100-4280/5380
	 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 11617 N Galayda
	 		 		 		 	########	 	04/22/06	 	09/29/44	 	 	218,632.64	  	 				 				 	 	218,632.64	  	 	 	26,628.33	  	 	 	3,737.31	  	 	 	467.16	  	 				 	 	30,832.81	  	 	 	187,799.83	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance - Building 11617 N Galayda
	 		 		 		 		 		 		 	 	218,632.64	  	 	 	—  	  	 	 	—  	  	 	 	218,632.64	  	 	 	26,628.33	  	 	 	3,737.31	  	 	 	467.16	  	 	 	—  	  	 	 	30,832.81	  	 	 	187,799.83	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Building - Allen Industrial Park 100-4281/5381
	 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 Acquisition of Real Property
	 		 		 	JEROD74	 	########	 	10/02/07	 	03/11/46	 	 	##########	  	 				 				 	 	##########	  	 	 	164,941.03	  	 	 	32,988.21	  	 	 	4,123.53	  	 				 	 	202,052.76	  	 	 	1,727,757.30	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance-Building Allen Industrial Park
	 		 		 		 		 		 		 	 	##########	  	 	 	—  	  	 	 	—  	  	 	 	##########	  	 	 	164,941.03	  	 	 	32,988.21	  	 	 	4,123.53	  	 	 	—  	  	 	 	202,052.76	  	 	 	1,727,757.30	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Building Improvements 100-4295/5395
	 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 Building Improvements
	 		 		 	RECLASS	 	########	 	10/15/08	 	09/09/15	 	 	227,237.19	  	 				 				 	 	227,237.19	  	 	 	73,040.53	  	 	 	21,641.64	  	 	 	2,705.20	  	 				 	 	97,387.37	  	 	 	129,849.82	  	 	 	—  	  	 			
	 Exterior Lighting- Buildings 3 and 7
	 		 		 		 	########	 	04/30/08	 	03/25/15	 	 	14,400.00	  	 				 				 	 	14,400.00	  	 	 	5,657.14	  	 	 	1,371.43	  	 	 	171.43	  	 				 	 	7,200.00	  	 	 	7,200.00	  	 	 	—  	  	 			
	 Interior Lighting- Building 7
	 		 		 		 	########	 	04/30/08	 	03/25/15	 	 	20,300.00	  	 				 				 	 	20,300.00	  	 	 	7,975.00	  	 	 	1,933.33	  	 	 	241.67	  	 				 	 	10,150.00	  	 	 	10,150.00	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance-Building Improvements
	 		 		 		 		 		 		 	 	261,937.19	  	 	 	—  	  	 	 	—  	  	 	 	261,937.19	  	 	 	86,672.67	  	 	 	24,946.40	  	 	 	3,118.30	  	 	 	—  	  	 	 	114,737.37	  	 	 	147,199.82	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Automotive 100-4300/5300
	 		 		 		 		 		 		 				 				 				 				 				 				 				 				 				 				 				 			
	 2000 Ford F-350 4Door Tandem Diesel
	 		 		 	CNC001	 	########	 	08/11/08	 	07/16/13	 	 	12,000.00	  	 				 				 	 	12,000.00	  	 	 	5,800.00	  	 	 	1,600.00	  	 	 	200.00	  	 				 	 	7,600.00	  	 	 	4,400.00	  	 	 	—  	  	 			
	 1981 Trailer -32’ Dual Tandem Gooseneck
	 		 		 	TRA016	 	########	 	08/15/08	 	07/20/13	 	 	3,815.75	  	 				 				 	 	3,815.75	  	 	 	1,844.28	  	 	 	508.77	  	 	 	63.60	  	 				 	 	2,416.64	  	 	 	1,399.11	  	 	 	—  	  	 			
	 Toyota Tacoma
	 		 	5TENX22N66ZI48961	 	LERS	 	########	 	11/30/08	 	11/04/13	 	 	10,475.92	  	 				 				 	 	10,475.92	  	 	 	4,364.97	  	 	 	1,396.79	  	 	 	174.60	  	 				 	 	5,936.35	  	 	 	4,539.57	  	 	 	—  	  	 			
	 Ford Super Duty F250
	 		 	1FTSW21R88EC59799	 	LERS	 	########	 	11/30/08	 	11/04/13	 	 	10,475.92	  	 				 				 	 	10,475.92	  	 	 	4,364.97	  	 	 	1,396.79	  	 	 	174.60	  	 				 	 	5,936.35	  	 	 	4,539.57	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance - Automotive
	 		 		 		 		 		 		 	 	36,767.59	  	 	 	—  	  	 	 	—  	  	 	 	36,767.59	  	 	 	16,374.21	  	 	 	4,902.35	  	 	 	612.79	  	 	 	—  	  	 	 	21,889.35	  	 	 	14,878.24	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Leasehold Improvement 100-4400/5400
	 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 Building Lease
	 		 		 		 	########	 	07/01/90	 	07/18/21	 	 	16,171.00	  	 				 				 	 	16,171.00	  	 	 	10,695.11	  	 	 	342.24	  	 	 	42.78	  	 				 	 	11,080.13	  	 	 	5,090.87	  	 	 	—  	  	 			
	 Carpet - Building 3
	 		 		 		 	########	 	10/11/02	 	03/20/41	 	 	2,000.00	  	 				 				 	 	2,000.00	  	 	 	427.35	  	 	 	34.19	  	 	 	4.27	  	 				 	 	465.81	  	 	 	1,534.19	  	 	 	—  	  	 			
	 Remodel - Building 3
	 		 		 		 	########	 	10/15/02	 	03/24/41	 	 	3,359.00	  	 				 				 	 	3,359.00	  	 	 	717.74	  	 	 	57.42	  	 	 	7.18	  	 				 	 	782.33	  	 	 	2,576.67	  	 	 	—  	  	 			
	 Remodel - Building 3
	 		 		 		 	########	 	10/15/02	 	03/24/41	 	 	700.00	  	 				 				 	 	700.00	  	 	 	149.57	  	 	 	11.97	  	 	 	1.50	  	 				 	 	163.03	  	 	 	536.97	  	 	 	—  	  	 			
	 Carpet - Building 3
	 		 		 		 	########	 	10/18/02	 	03/27/41	 	 	2,171.00	  	 				 				 	 	2,171.00	  	 	 	463.89	  	 	 	37.11	  	 	 	4.64	  	 				 	 	505.64	  	 	 	1,665.36	  	 	 	—  	  	 			
	 Remodel - Building 3
	 		 		 		 	########	 	11/27/02	 	05/06/41	 	 	445.00	  	 				 				 	 	445.00	  	 	 	94.13	  	 	 	7.61	  	 	 	0.95	  	 				 	 	102.69	  	 	 	342.31	  	 	 	—  	  	 			
	 Cabling - Building 3
	 		 		 		 	########	 	12/19/02	 	05/28/41	 	 	1,052.00	  	 				 				 	 	1,052.00	  	 	 	220.29	  	 	 	17.98	  	 	 	2.25	  	 				 	 	240.52	  	 	 	811.48	  	 	 	—  	  	 			
	 Install limestone parking lot - Bldg. 3
	 		 		 		 	########	 	10/15/02	 	03/24/41	 	 	15,480.00	  	 				 				 	 	15,480.00	  	 	 	3,307.69	  	 	 	264.62	  	 	 	33.08	  	 				 	 	3,605.38	  	 	 	11,874.62	  	 	 	—  	  	 			
	 Lease bldg. Cleanup - N.Hou. Roselyn
	 		 		 		 	########	 	10/15/02	 	03/24/41	 	 	21,525.96	  	 				 				 	 	21,525.96	  	 	 	4,599.56	  	 	 	367.97	  	 	 	46.00	  	 				 	 	5,013.52	  	 	 	16,512.44	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance - Leasehold improvements
	 		 		 		 		 		 	 	62,903.96	  	 	 	—  	  	 	 	—  	  	 	 	62,903.96	  	 	 	20,675.33	  	 	 	1,141.10	  	 	 	142.64	  	 	 	—  	  	 	 	21,959.07	  	 	 	40,944.89	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 Oxidation Equipment 100-4500/5500
	 		 		 		 		 		 		 				 				 				 	 	—  	  	 				 				 				 				 				 				 				 			
	 Air Compressor
	 		 		 	SES001	 	########	 	10/27/05	 	09/20/12	 	 	5,500.00	  	 				 				 	 	5,500.00	  	 	 	4,125.00	  	 	 	523.81	  	 	 	65.48	  	 				 	 	4,714.29	  	 	 	785.71	  	 	 	—  	  	 			
	 Used 8600 Electric Airless sprayer
	 		 		 	HOF015	 	########	 	11/11/05	 	10/05/12	 	 	1,900.00	  	 				 				 	 	1,900.00	  	 	 	1,425.00	  	 	 	180.95	  	 	 	22.62	  	 				 	 	1,628.57	  	 	 	271.43	  	 	 	—  	  	 			
	 Schmitt 6 Sack Sand Pot
	 		 		 	HOF015	 	########	 	11/11/05	 	10/05/12	 	 	1,500.00	  	 				 				 	 	1,500.00	  	 	 	1,125.00	  	 	 	142.86	  	 	 	17.86	  	 				 	 	1,285.71	  	 	 	214.29	  	 	 	—  	  	 			
	 Clemco 3 Sack Sand Pot
	 		 		 	HOF015	 	########	 	11/11/05	 	10/05/12	 	 	1,000.00	  	 				 				 	 	1,000.00	  	 	 	750.00	  	 	 	95.24	  	 	 	11.90	  	 				 	 	857.14	  	 	 	142.86	  	 	 	—  	  	 			
	 Mastercraft A718 Forklift
	 		 		 	CWP010	 	########	 	12/12/05	 	11/05/12	 	 	11,797.50	  	 				 				 	 	11,797.50	  	 	 	8,707.68	  	 	 	1,123.57	  	 	 	140.45	  	 				 	 	9,971.70	  	 	 	1,825.80	  	 	 	—  	  	 			
	 2 40’x8x8 1/2 tall Empty Containers
	 		 		 	RSC	 	########	 	03/31/06	 	02/22/13	 	 	1,724.00	  	 				 				 	 	1,724.00	  	 	 	1,190.38	  	 	 	164.19	  	 	 	20.52	  	 				 	 	1,375.10	  	 	 	348.90	  	 	 	—  	  	 			
	 4 Empty Containers @ $800 ca
	 		 		 	RSC	 	########	 	03/31/06	 	02/22/13	 	 	3,448.00	  	 				 				 	 	3,448.00	  	 	 	2,380.76	  	 	 	328.38	  	 	 	41.05	  	 				 	 	2,750.19	  	 	 	697.81	  	 	 	—  	  	 			
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Ending Balance - Oxidation Equipment
	 		 		 		 		 		 		 	 	26,869.50	  	 	 	—  	  	 	 	—  	  	 	 	26,869.50	  	 	 	19,703.82	  	 	 	2,559.00	  	 	 	319.88	  	 	 	—  	  	 	 	22,582.70	  	 	 	4,286.80	  	 	 	—  	  	 	 	—  	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																			
	 GRAND TOTAL
	 		 		 		 		 		 		 	 	##########	  	 	 	98,384.58	  	 	 	(617,154.00	) 	 	 	##########	  	 	 	1,829,416.14	  	 	 	393,346.09	  	 	 	47,574.22	  	 	 	(572,059.00	) 	 	 	##########	  	 	 	4,672,577.53	  	 	 	(40,095.00	) 	 	 	5,000.00	  
		 		 		 		 		 		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 		 		 		 		 		 		 				 				 				 				 				 				 				 				 				 	 	—  	  	 				 			


  
 7 of 7 








 SECTION 2.1(b) 
 TO 
 GES DISCLOSURE SCHEDULES 

ANCILLARY ITEMS RELATED TO THE RIG
CONTRACT 
 Please see attached. 

  
 SECTION 2.1(b) TO THE GES
DISCLOSURE SCHEDULES 









																									
	 vendor
	 	 item
	  	 description
	  	 vendor p/n
	  	 ges p/n
	  	 lead time
	  	COST	 	  	down payment	 	  	order date	  	due date	  	po #
											
	nov	 	top drive	  	500t	  	 TDS-11SA Top Drive System
 Package - 500T
/
	  		  	10-12 weeks	  	$	1,557,868.30	  	  	$	467,360.49	  	  	11/23/2011	  		  	*00015000
	nov	 	ST-80C Hydraulic Iron Roughneck System	  		  		  		  	10-12 weeks	  	$	289,260.60	  	  	$	86,778.18	  	  	11/23/2011	  		  	*00015000
	nov	 	hydraulic catwalk	  	pipe cat pc-5-47	  		  		  	18-20 weeks	  	$	537,500.00	  	  	$	161,250.00	  	  	11/23/2011	  		  	*00015000
											
	derrick	 	shakers	  	two single derrick shaker	  	FLC503 Shakers	  	35,010.00 each	  	10-12 weeks	  	$	70,020.00	  	  	  
	 NO
	   
	  		  		  	
	derrick	 	d-silter	  	stand alone inline	  	s-416-s	  		  	10-12 weeks	  	$	10,350.00	  	  	  		  		  	
	derrick	 	d-sander	  	stand alone vertical	  	dsv-10-3	  		  	10-12 weeks	  	$	9,630.00	  	  	  		  		  	
	derrick	 	DEGASSER	  	Derrick* Vacu-Flo 1200 Degasser	  	Vacu-Flo 1200	  		  	10-12 weeks	  	$	24,750.00	  	  	  		  		  	
											
	hi-line	 	telescoping legs	  	20”, 14”, 16” & 18”	  		  		  	7-8 weeks	  	$	144,000.00	  	  	 	NO	  	  		  		  	
											
	pt welding	 	mud pit	  		  		  		  	16-18 weeks	  	$	725,000.00	  	  	$	217,500.00	  	  		  		  	
											
	american block	 	traveling block	  	350 ton	  	B42E350	  		  	16-18 weeks	  	$	119,000.00	  	  	$	47,600.00	  	  	11/22/2011	  	3/20/2012	  	*00015072
	american block	 	rotary table	  	Rotary Table - 27-1/2”	  	RK275	  	ROT00005829-00	  	16-18 weeks	  	$	94,700.00	  	  	$	37,880.00	  	  	11/22/2011	  	3/20/2012	  	*00015072
											
		 	master bushing includes bowl#3	  	GES STOCK	  		  		  	6-8 weeks	  				  	  
	 STOCK
	   
	  		  		  	
		 	insert bowl #1	  	GES STOCK	  		  		  	6-8 weeks	  				  	  		  		  	
	american block	 	insert bowl #2	  	GES STOCK	  		  		  	6-8 weeks	  				  	  		  		  	
											
	Ingersoll Rand	 	bop	  	50t Ton Manual Pneumatic Hoist System LIFTCHAIN 50 METRIC TON BOP HANDLING SYSTEM CONSISTING OF TWO 25 METRIC TON GEARED AIR MOTOR POWERED HOIST AND HAND GEARED TROLLEYS	  	 MODEL

BHS50MA6-30-30-P1
	  		  	18-24 weeks	  	$	126,115.52	  	  	 	NO	  	  	11/18/2011	  	3/12/2011	  	*00014991
	Ingersoll Rand	 	Man Rider Air Winch	  	Man Rider 500lb Rating	  	FA2BMR-13MK16	  	WIN00009428-00	  	14-18 weeks	  	$	37,498.00	  	  	 	NO	  	  	11/18/2011	  	2/1/2011	  	*00014991
											
	Hercules	 	Deadline Anchor	  	ANCHOR, DEADLINE 100,000LB LOAD DECK MOUNTED	  	HA131T	  	ANC00004722-00	  	8-10 weeks	  	$	31,900.00	  	  	 	no	  	  		  		  	
											
	 vendor
	 	 item
	  	 description
	  	 vendor p/n
	  	 ges p/n
	  	 lead time
	  	COST	 	  	down payment	 	  	 	  	 	  	 
	Pinnacle Industries	 	Compressor, Main Air	  	Sullair GES STOCK	  	1809	  	COM00004723-00	  	6-8 weeks	  				  	 	STOCK	  	  		  		  	
	Pinnacle Industries	 	Dryer, Refridgerated Air	  	Gardner Denver GES STOCK	  	RNC 125	  	DRY00007056-00	  	6-8 weeks	  				  	  		  		  	
											
	Parker Hannifin	 	Cylinder-Hydraulic Sub Raising	  		  	377-2513-147	  	CYL00009268-00	  	10 weeks	  	$	6,994.00	  	  	 	NO	  	  	11/23/2011	  		  	*00014995
	Parker Hannifin	 	Hydraulic Cylinder, Drillers Cabin Raising	  		  	377-3734-001	  	CYL00004704-00	  	8-10 weeks	  	$	9,566.00	  	  	 	NO	  	  	11/23/2011	  		  	*00014995









																									
	 Parker Hannifin
	 	CYLINDER, DRILL CABIN RAISING HI FLR, 181” STROKE WITH TRUNION MOUNT PAINTED BLACK PRIMER	  		  	SD84MC-X-181.125 / 377-2934-048	  	CYL00004686-00	  	10-12 weeks	  	$	 13,022.00	  	  	 	NO	  	  		  		  	*00014995
	 GRAINGER
	 	Hydraulic Cylinder, Mast Leveling	  		  	1831438 / 5Z367	  	CYL00004712-00	  	2 WEEKS	  	$	315.00	  	  	 	NO	  	  	11/22/2011	  	12/9/2011	  	*00015076
											
	 Clover
	 	mast raising cylinder	  	CYLINDER-HYDRAULIC, MAST RAISING, EXTENDS TO 45 FT. TWO STAGE NON-STANDARD EXTENDED LENGTH	  	01-0927 / new # 9000216	  	CYL00008946-00	  	12-14 weeks	  	$	77,044.00	  	  	 	NO	  	  	11/18/2011	  	2/1/2012	  	*00014997
											
	 Mustang Caterpillar
	 	Engine / Gen Set	  	Caterpillar	  	3512C / SR4B	  	ENG00004834-00	  	12-14 weeks	  	$	1,310,000.00	  	  	$	131,000.00	  	  	11/18/2011	  		  	*00015087
											
	 amerimex
	 	equivalent to geb28	  		  		  	15% down	  	14-18 weeks	  				  				  		  		  	
		 	equivalent to geb29	  		  		  	25% 2-months	  	14-18 weeks	  	$	357,400.00	  	  	$	53,610.00	  	  		  		  	
		 	equivalent to geb22	  		  		  	40% shipment	  	14-18 weeks	  				  				  	11/18/2011	  	2/21/2012	  	*00014998
											
	 unico
	 	unico 1600 hp drive	  		  	qty 2	  	VFD1001314 00	  	10-12 weeks	  	$	99,480.00	  	  	 	no	  	  		  		  	
		 	unico 1200 hp drive	  		  	qty 3	  	VFD1001315 00	  	10-12 weeks	  	$	215,379.00	  	  	 	no	  	  		  		  	
											
	 SIEMENS
	 	FLENDER GEAR BOX	  		  	qty 2	  	GBX00004379-01	  	24-26 WEEKS	  	$	256,000.00	  	  	 	on order already	  	  		  		  	*00012707
											
	 EBM PABST
	 	FAN	  		  	QTY 14	  		  	12-14 WEEKS	  	$	1,500.00	  	  	 	NO	  	  		  		  	
											
	 eupec thermal
	 	Diode Bridge Rectifier Assembly	  	3200A/700VAC DIODES - D4709N20T, Includes Snubbers & Cooling Fans	  	B6U0661-00V005	  	DBR1001369 00	  	12-14 WEEKS	  	$	5,450.53	  	  	 	no	  	  		  		  	
											
	 BOMCO PUMPS
	 		  		  		  	COUPLE IN STOCK	  	8-10 WEEKS	  	$	348,000.00	  	  	$	174,000.00	  	  	11/18/2011	  	1/9/2012	  	*00015081
											
	 ADVANCED
	 	CLOSING UNIT	  		  		  		  	12-14 WEEKS	  	$	94,907.00	  	  	 	NO	  	  	11/23/2011	  		  	*00015091
	 HORN EQUIP
	 	CHOKE & KILL MANIFOLD	  		  		  		  	10-12 WEEKS5	  	$	58,163.00	  	  				  	11/23/2011	  		  	*00015101
	 HORN EQUIP
	 	BOP STACK	  	11” 5K SINGLE, DOUBLE, ANNULAR	  		  		  	12-14 WEEKS	  	$	274,000.00	  	  	 	NO	  	  	11/23/2011	  		  	*00015102
											
	 TSC DRILL PIPE
	 	15,000 FEET	  		  		  		  	20-22 WEEKS	  	$	884,400.00	  	  	 	NO	  	  	11/23/2011	  	4/10/2012	  	*00015069
	 SMITH SERVICES
	 	DRILL COLLARS	  		  		  		  	22-24 WEEKS	  	$	161,676.00	  	  	 	NO	  	  	11/23/2011	  	4/1/2012	  	*00015071








 SECTION 2.1(e) 
 TO 
 GES DISCLOSURE SCHEDULES 

LEGAL DESCRIPTION OF THE LAND 

Legal description of the property: 
 A
15.050-ACRE TRACT OF LAND SITUATED IN THE WILEY S. POWELL SURVEY, ABSTRACT 622, HARRIS COUNTY, TEXAS, BEING OUT OF THE ALLEN INDUSTRIAL PARK, AN UNRECORDED SUBDIVISION OF 20.48821 ACRES AS DESCRIBED IN DEED TO IDM EQUIPMENT, LLC, RECORDED
UNDER HARRIS COUNTY CLERK’S FILE NUMBERS 20070592667 OF THE OFFICIAL PUBLIC RECORDS OF REAL PROPERTY, (AS TO TRACTS 1-6) AND DEEDS TO IDM EQUIPMENT, LTD. RECORDED UNDER HARRIS COUNTY CLERK’S FILE NUMBER Z167750 OF THE OFFICIAL PUBLIC
RECORDS OF REAL PROPERTY, (AS TO LOTS 7, 8 AND 9), HARRIS COUNTY CLERK’S FILE NUMBER Z167751 OF THE OFFICIAL PUBLIC RECORDS OF REAL PROPERTY, (AS TO LOTS 10 AND 11) AND HARRIS COUNTY CLERK’S FILE NUMBER 20070592669 OF THE OFFICIAL PUBLIC
RECORDS OF REAL PROPERTY, (AS TO LOTS 12 AND 13); BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS, (BEARINGS BASED ON THE TEXAS COORDINATE SYSTEM OF 1983, SOUTH CENTRAL ZONE (4204), AS DETERMINED BY GPS MEASUREMENTS): 

BEGINNING at a 1-1/2-inch iron pipe found in the north right-of-way line of Breen Road (60-foot width) marking the southeast comer of a called
8-acre tract of land described in a special warranty deed to Donald M Wright and Doris Glynda Wright recorded under Harris County Clerk’s File Number 1253792 of the Official Public Records of Real Property, same being the southwest comer of
said Lot 13 and of the herein described tract of land; 
 THENCE North 02°14’10” West, with the east line of said Wright
8-acre tract and the west line of said Lots 13 (called Tract 5), 12 (called Tract 6), 11 and 10, at a distance of 189.34 feet pass a found 3/8-inch iron rod bears North 87°46’ East, 0.9 feet, at a distance of 377.34 feet pass a found
3/4-inch iron rod, continuing in all a total distance of 749.80 feet to a 1-1/2-inch iron pipe found at the northeast comer of said called 8-acre tract of land and an interior comer of said called Lot 10 and the herein described tract of land;

 THENCE South 87°17’31” West, a distance of 644.77 feet with the north line of said called 8-acre tract of land and a
south line of said Lot 10 to a found 1-1/4-inch iron pipe found in the northeasterly right-of-way of the Burlington Northern Santa Fe Railroad at the northwest comer of said called 8-acre tract of land and the most west southwest comer of said
called Lot 10 and of the herein described tract of land; 
 THENCE North 27°56’57” West, a distance of 22.29 feet with said
northeasterly right-of way line of the Burlington Northern Santa Fe Railroad and the southwesterly line of said 

  
 SECTION 2.1(e) TO THE GES
DISCLOSURE SCHEDULES 








 
Lot 10 to a 5/8-inch iron rod with cap stamped “RPLS 5485” set at the southwest comer of a called 10.114 acre tract of land described in a deed to Entex (now Centerpoint Energy Entex)
recorded under Harris County Clerk’s File Number T153368 of the Official Public Records of Real Property, the northwest comer of said Lot 10 and the herein described tract of land; 
 THENCE North 87°17’31” East, with the south line of said called 10.114 acre tract of land and the north line of said Lot 10 and Lot 6 (called Tract 4), at 981.78 feet pass a
found 5/8-inch iron rod at the common comer of said Lots 10 and 6, continuing in all a distance of 1321.88 feet to a 3/8-inch iron rod found at the northwest comer of a called 2.72897 acre tract of land described in a deed to IWC Services, Inc.
recorded under Harris County Clerk’s File Number S592673 of the Official Public Records of Real Property and the northeast comer of said Lot 6 for the most northerly northeast comer of the herein described tract of land; 

THENCE South 02°14’10” East, a distance of 172.99 feet with the west line of said called 2.72897 acre tract of land and the east
line of said Lot 6 to a 5/8-inch iron rod with cap stamped “RPLS 5485” set at the northwest comer of a called 0.41143-acre tract of land denoted as Tract 6 in said deed to IDM Equipment, LLC, recorded under Harris County Clerk’s File
Number 20070592667 of the Official Public Records of Real Property for an interior comer of the herein described tract of land; 
 THENCE
North 87°45’35” East, a distance of 430.22 feet with the south line of said called 2.72897 acre tract of land and the north line of said called 0.41143-acre tract of land to an “X” cut in concrete set at the point of
curvature of a curve to the left; 
 THENCE continuing along the south line of said called 2.72897-acre tract of land and the north line
of said called 0.41143-acre tract of land and with the arc of said curve to the left having an arc length of 70.25 feet, a radius of 76.91 feet, a central angle of 52°20’00” and a chord which bears North 61°35’23” East,
67.83 feet to an “X” cut in concrete set at the point of reverse curvature of a curve to the right; 
 THENCE continuing along
the south line of said called 2.72897-acre tract of land and the north line of said called 0.41143-acre tract of land and with the arc of said reverse curve to the right having an arc length of 85.17 feet, a radius of 106.91 feet, a central angle of
45°38’36” and a chord which bears North 58°14’42” East, 82.93 feet to an ‘X” cut in concrete set in the west right-of-way line of North Houston Rosslyn Road (width varies) at the northeast comer of said called
0.41143-acre tract of land for the most easterly northeast comer of the herein described tract of land; 
 THENCE South
02°14’10” East, a distance of 30.29 feet with said west right-of-way line of North Houston Rosslyn Road as described in a deed to the County of Harris recorded under Harris County Clerk’s File Number K542290 of the Official Public
Records of Real Property and the east line of said called 0.41143-acre tract of land to a 5/8-inch iron rod with cap stamped RPLS 1628” found at the northeast comer of a called 1.8478 acre tract of land described in a deed to Four Seasons
Business Park 1, LLC recorded under Harris 

  
 SECTION 2.1(e) TO THE GES
DISCLOSURE SCHEDULES 








 
County Clerk’s File Number 20070032770 of the Official Public Records of Real Property and the southeast comer of said called 0.41143-acre tract of land for the most easterly southeast comer
of the herein described tract of land; 
 THENCE along the north line of said called 1.8478 acre tract of land and the south line of said
called 0.41143-acre tract of land, with the arc of a non-tangent curve to the left having an arc length of 57.73 feet, a radius of 76.91 feet, a central angle of 43°00’39” and having a chord which bears South 56°55’44”
West, 56.39 feet to a 5/8-inch iron rod with cap found stamped “RPLS 1628” at the point of reverse curvature of a curve to the right; 

THENCE along the north line of said called 1.8478 acre tract of land and the south line of said called 0.41143-acre tract of land, with a the arc
of said reverse curve to the right having an arc length of 97.65 feet, a radius of 106.91 feet, a central angle of 52°20’00” and having a chord which bears South 61°35’24” West, 94.29 feet to a 5/8-inch iron rod with cap
found stamped “RPLS 1628” at the point of tangency; 
 THENCE South 8J045’35” West, a distance of 409.50 feet, along
the north line of said called 1.8478 acre tract of land and the south line of said called 0.41143-acre tract of land to an “X’ cut in concrete set in the east line of a called 0.2058-acre tract of land denoted as Tract 1 in said deed to
IDM Equipment, LLC, recorded under Harris County Clerk’s File Number 20070592667 of the Official Public Records of Real Property for an interior comer of the herein described tract of land; 

THENCE South 02°11‘14” East, a distance of 141.00 feet with the west line of said called 1.8478-acre tract of land and said called
Tract 1 to a 5/8-inch iron rod with cap stamped “RPLS 1628” found at the southwest comer of said called 1.8478-acre tract of land and the southeast comer of said called Tract 1 for an interior comer of the tract herein described tract of
land; 
 THENCE North 87°45’35” East, a distance of 542.66 feet with the south line of said called 1.8478-acre tract of
land and the north line of a called 2.8611-acre tract of land denoted as Tract 2 and 3 in said deed to IDM Equipment, LLC, recorded under Harris County Clerk’s File Number 20070592667 of the Official Public Records of Real Property to a
5/8-inch iron rod with cap stamped “RPLS 1628” found in the west right-of-way line North Houston Rosslyn Road (width varies) as described in a deed to the County of Harris recorded under Harris
County Clerk’s File Number K542289 of the Official Public Records of Real Property at the southeast comer of said called 1.8478-acre tract of land and the northeast comer of said called Tract 2 and 3 for an east comer of the herein described
tract of land; 
 THENCE South 02°14’10” East, a distance of 206.03 feet with said west right-of-way line of North Houston
Rosslyn Road and the east line of said called Tract 2 and 3 to a 5/8-inch iron rod with cap stamped “RPLS 5485” set for the southeast comer of said called Tract 2 and 3 and the northeast comer of a called 1.4969-acre tract of land
described in a deed to Meritex Properties, L.P. recorded under Harris County Clerk’s File Number N541080 of the Official Public Records of Real Property for the most east southeast comer of the herein described tract of land from which a broken
2-112-inch galvanized fence post bears South 54°14’ East, 0.5 feet; 

  
 SECTION 2.1(e) TO THE GES
DISCLOSURE SCHEDULES 








 THENCE South 87°45’35” West, a distance of 602.70 feet with the north line of said
called 1.4969-acre tract of land and a called 1.56688-acre tract of land described in a deed to Chapman& Cole recorded under Harris County Clerk’s File Number L379848 of the Official Public Records of Real Property and a deed to Chapman
Children’s Trust and Cole Children’s Trust recorded under Harris County Clerk’s File Number S850545 of the Official Public Records of Real Property and the south line of said called Tract 2 and 3 to a 5/8-inch iron rod found in the
east line of a called 1.2651-acre tract of land denoted as Lot 8 in said deed to IDM Equipment, Ltd. Recorded under Harris County Clerk’s File Number Z167750 of the Official Public Records of Real Property, at the northwest comer of said called
1.4969-acre tract and the southwest comer of said called Tract 2 and 3 for an interior comer of the herein described tract of land; 

THENCE South 02°14’10” East, a distance of 222.63 feet with the east line of said called Lot 8 and Lot 9, a called 1.25667-acre
tract of land also described in heretofore noted deed, and the west line of said called 1.56688-acre tract of land to a 5/8-inch iron rod found in the north right-of-way line of Breen Road (60-foot width) at the southwest comer of said called
1.56688-acre tract of land and the southeast comer of said called Lot 9 for the most south southeast comer of the herein described; 

THENCE South 87°30’29” West, along the said north right-of-way line of Breen Road and the south line of said called Lot 9 and said
called Lot 13, at 320.98 feet pass a found 3/8” iron rod found, all a total distance of 627.99 feet to the POINT OF BEGINNING and containing 15.050-acres (655,582 square feet) of land. 

  
 SECTION 2.1(e) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 2.1(f) 
 TO 
 GES DISCLOSURE SCHEDULES 

GES PERMITS 
 GES holds the following GES Permits, none of which are assignable: 
  

	1.	Combustible Waste Storage Permit Number 07004608/4761116 from the City of Houston Solid Waste Management Department for seven storage units on site, with an expiration
date of January 18, 2012. 

  

	2.	Combustible Waste Storage Permit Number 09088254/4872897 from the City of Houston Solid Waste Management Department for one storage units on site, with an expiration
date of June 29, 2012. 

  

	3.	Fire Prevention Permit Number 09085751/4945050-a1 from the City of Houston – Houston Fire Department Permit Section, with an expiration date of September 22,
2012. 

  

	4.	Fire Prevention Permit Number 09085751/4945051-c7 from the City of Houston – Houston Fire Department Permit Section, with an expiration date of September 22,
2012. 

  

	5.	Fire Prevention Permit Number 09085751/4945052-f7 from the City of Houston – Houston Fire Department Permit Section, with an expiration date of September 22,
2012. 

  

	6.	Fire Prevention Permit Number 09085751/4945053-h3 from the City of Houston – Houston Fire Department Permit Section, with an expiration date of September 24,
2012. 

  

	7.	Fire Prevention Permit Number 09085751/4945054-l1 from the City of Houston – Houston Fire Department Permit Section, with an expiration date of September 22,
2012. 

  

	8.	Fire Prevention Permit Number 09086661/4945055-m3 from the City of Houston – Houston Fire Department Permit Section, with an expiration date of September 24,
2012. 

  

	9.	Life Safety Compliance Certificate from the City of Houston for Building 1 located at 11616 North Galayda Street, issued on October 4, 2010.


  

	10.	Life Safety Compliance Certificate from the City of Houston for Building 2 located at 11603 North Galayda Street, issued on July 1, 2010. 



  
 SECTION 2.1(f) TO THE GES
DISCLOSURE SCHEDULES 









	11.	Certificate of Occupancy from the City of Houston for Building 3 located at 11609 North Galayda Street, issued on October 22, 2010. 


 

	12.	Receipt for Certificate of Occupancy from the City of Houston Department of Public Works & Engineering Code Enforcement for Building 4 located at 11601 North
Galayda Street, issued on September 18, 2009. 

  

	13.	Life Safety Compliance Certificate from the City of Houston for Building 5 located at 7444 Getty Street, issued on May 3, 2010. 


 

	14.	Certificate of Occupancy from the City of Houston for Building 6 located at 11617 North Galayda Street, issued on October 26, 2010. 


 

	15.	Certificate of Occupancy from the City of Houston for Building 7 located at 11611 North Houston Rosslyn Road, issued on October 26, 2010. 


 

	16.	Certificate of Occupancy from the City of Houston for Building 8 located at 11611 North Houston Rosslyn Road, issued on October 22, 2010. 


 

	17.	Certificate of Occupancy from the City of Houston for Building 9 located at 11611 North Houston Rosslyn Road, issued on October 26, 2010. 



  
 SECTION 2.1(f) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 2.3(a) 
 TO 
 GES DISCLOSURE SCHEDULES 

GES ASSUMED LIABILITIES 

 

	1.	Wages related to the Transferred Employees that are accrued and unpaid as of the Closing Date. 


 

	2.	Vacation time related to the Transferred Employees that is accrued and unused as of the Closing Date. 


 

	3.	Sick leave related to the Transferred Employees that is accrued and unused as of the Closing Date. 


 

	4.	Amounts in flexible spending and employee benefit accounts related to the Transferred Employees as of the Closing Date. 


 

	5.	All discretionary Bonuses payable to the Transferred Employees under the existing discretionary bonus plan as of the Closing Date. For the avoidance of doubt, this does
not include the $20,000 bonus due to Ed Pitts payable in March 2012, which shall remain a liability of GES. 

  

	6.	The obligations related to the Term Loan Liabilities. 

  

	7.	The lease obligations related to the GES information technology equipment, as further described as documents numbered 6 and 8 on Schedule 4.19.


  

	8.	The lease obligations related to that certain real property lease, as further described as document number 11 on Schedule 4.19. 


 

	9.	Costs and expenses, including attorneys’ fees, accountants’ fees and other professional fees and expenses, incurred by GES in connection with the negotiation,
preparation, execution and delivery of the Agreement and the transactions contemplated by the Agreement. 


  
 SECTION 2.3(a) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 2.4 
 TO 
 GES DISCLOSURE SCHEDULES 

GES EXCLUDED ASSETS 

 

	1.	All contracts between GES and third parties, other than the Rig Contract and the Assigned Contracts, and all purchase orders, works-in-process, inventory and equipment
created or used by GES in connection with its obligations under such contracts. 

  

	2.	Prepaid expenses related to GES and its Affiliates, other than the Remaining Deposit, any prepaid expenses and deposits related to any of the Assigned Contracts and any
other prepaid expenses and deposits directly related to any other rig construction contracts entered into between RAC and GES. 

  

	3.	Shop tools in Building 3 and front of Building 5. 

  

	4.	Test equipment related to testing of Well Servicing equipment for WSS. 

  

	5.	Jib cranes and similar equipment related to the assembly of Well Servicing equipment for WSS. 


 

	6.	Computers and other information technology equipment in the possession of Chris Ruffner and Michael Stansberry and any employees of WSS or SWOP as of the Effective
Date. 


  
 SECTION 2.4 TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.6 
 TO 
 GES DISCLOSURE SCHEDULES 

PERMITTED LIENS 

 

	1.	GES has granted to Iberiabank a first lien deed of trust on the Real Estate, pursuant to that certain Deed of Trust, Security Agreement and UCC Financing Statement for
Fixture Filing, filed May 11, 2011 and recorded under the Harris County Clerk’s File No. 20110190625. 

  

	2.	GES has granted a security interest in all of its assets to secure the obligations of GES under the Term Loan pursuant to that certain Security Agreement dated
May 9, 2011, by and between GES and Iberiabank, and evidenced by UCC Financing Statements # 2011 1736563, 2011 1736787, and 2011 1738361, in each case filed with the Delaware Department of State on May 9, 2011. 


  
 SECTION 4.6 TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.8(b) 
 TO 
 GES DISCLOSURE SCHEDULES 

REAL ESTATE MATERIAL DEFECTS 

None. 

  
 SECTION 4.8(b) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.8(e) 
 TO 
 GES DISCLOSURE SCHEDULES 

REAL ESTATE ENCROACHMENTS 

 

	1.	The gravel and concrete roads referred to as Getty Lane and Galayda Street encroach upon the gas pipeline easement granted to Entex, Inc. by document filed under Harris
County Clerk’s File No. G086415. 

  

	2.	The gravel and concrete road referred to as Getty Lane encroaches along the east property line upon the pipeline easement granted to United Gas Pipeline Company by
instrument(s) recorded under Volume 3456, Page 556 of the Deed Records of Harris County, Texas. 

  

	3.	The gravel and concrete road referred to as Getty Lane encroaches along the east property line upon the pipeline easement(s) granted to Industrial Gas Supply
Corporation filed for record under Harris County Clerk’s File No. D574205 and File No. D574206, and as referred to as the Texas Compressor Corp easement on the survey. 


 

	4.	A 10’x38’ metal storage building encroaches upon the tract northerly adjacent to the Real Estate. 


  
 SECTION 4.8(e) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.8(f) 
 TO 
 GES DISCLOSURE SCHEDULES 

REPAIRS OR CORRECTIONS TO REAL ESTATE
OR THE IMPROVEMENTS 
 None. 

  
 SECTION 4.9(a) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.11(g) 

TO 

GES DISCLOSURE SCHEDULES 
 TAX EXAMINATIONS 
  

	1.	During the week of July 18, 2011, GES was notified by the IRS of a pending examination via telephone. The IRS has provided GES with an information document
request, but, as of the Effective Date, GES has not met with the examiner nor provided such requested documentation. 


  
 SECTION 4.11(g) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.12(a) 

TO 

GES DISCLOSURE SCHEDULES 
 GES INTELLECTUAL PROPERTY 
  

	1.	The plans and specifications associated with the Quicksilver Rig. 

  

	2.	The plans and specifications associated with the Frontier Class Rig. 

  

	3.	The plans and specifications associated with the Pioneer Class Rig. 

  

	4.	The plans and specifications associated with the Ultra Rig. 

  

	5.	All rights, title and interest in, to and associated with the Generation 4 software designed by GES. 


 

	6.	The following trademarks: 

  

	 	a.	Serial Number: 76701176 (Word Mark) – Quicksilver 

  

	 	b.	Serial Number: 76701893 (Word Mark) – Ultra 

  

	 	c.	Serial Number: 76701180 (Word Mark) – Pioneer 

  

	 	d.	Serial Number: 76701178 (Word Mark) – Frontier 

  

	 	e.	Serial Number: 78569368 (Word Mark) – Quicksilver Drilling System 

  

	 	f.	Serial Number: 78566894 (Word Mark) – Quicksilver Drilling Rig 


  
 SECTION 4.12(a) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.12(b) 

TO 

GES DISCLOSURE SCHEDULES 
 PROCEEDINGS RELATED TO GES INTELLECTUAL PROPERTY 
 None. 

  
 SECTION 4.12(b) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.13 
 TO 
 GES DISCLOSURE SCHEDULES 

LITIGATION 
 None. 

  
 SECTION 4.13 TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.14 
 TO 
 GES DISCLOSURE SCHEDULES 

INSURANCE 
 Please see attached. 

  
 SECTION 4.14 TO THE GES
DISCLOSURE SCHEDULES 









			
	



	 	Global Energy Services Operating, LLC
	 	Insurance Summary
	 	Term: 03/16/2011 to 03/16/2012

  

															
	 Coverage
	  	 	 	 	 Limits of Liability
	  	Deductible	 	  	Annual
Premium	 
	 Workers’ Compensation/Employers Liability
	  	 	Workers’ Compensation:	  	 		  	 	NIL	  	  	$	215,996	  
	 Travelers Casualty Insurance Co
	  	 	Statutory	  	 	 As Prescribed by State Law
	  				  			
	 Policy Number: HSUB2959N35911
	  				 		  				  			
	 Policy Term: 03/16/2011 - 03/16/2012
	  	 	Employers Liability:	  	 		  				  			
		  	$	1,000,000	  	 	 Bodily Injury by Accident – Each Accident
	  				  			
		  	$	1,000,000	  	 	 Bodily Injury by Disease – Policy Limit
	  				  			
		  	$	1,000,000	  	 	 Bodily Injury by Disease – Each Employee
	  				  			
		  	  
  
	  
 Stop Gap Liability:
	  
   
	 		  				  			
		  	$	1,000,000	  	 	 Bodily Injury by Accident – Each Accident
	  				  			
		  	$	1,000,000	  	 	 Bodily Injury by Disease – Policy Limit
	  				  			
		  	$	1,000,000	  	 	 Bodily Injury by Disease – Each Employee
	  				  			
		  	  
  
	  
 Maritime Liability:
	  
   
	 		  				  			
		  	$	1,000,000	  	 	 Each Accident
	  				  			
		  	$	1,000,000	  	 	 Aggregate
	  				  			
					
	 Commercial Package
	  	 	General Liability:	  	 		  	$	25,000	  	  	$	471,576	  
	 (General Liability; EBL; Auto; Umbrella)
	  	$	2,000,000	  	 	 General Total Limit (Other Products/Completed Operations)
	  	 	Each Event	  	  			
	 St. Paul Fire & Marine Insurance Co
	  	$	2,000,000	  	 	 Products/Completed Work Total Limit
	  				  			
	 Policy Number: VK04209710
	  	$	1,000,000	  	 	 Personal Injury - Each Person
	  				  			
	 Policy Term: 03/16/2011 - 03/16/2012
	  	$	1,000,000	  	 	 Advertising Injury - Each Person
	  				  			
		  	$	1,000,000	  	 	 Each Event - Combined Single Limit - Bodily Injury and Property Damage
	  				  			
		  	$	100,000	  	 	 Premises Damage Limit
	  				  			
		  	$	5,000	  	 	 Medical Expense Limit
	  				  			
					
		  	 	Employee Benefits Liability	  	 		  				  			
		  	 	(Claims Made):	  	 		  	$	1,000	  	  			
		  	$	1,000,000	  	 	 Each Wrongful Act
	  	 	Each Claim	  	  			
		  	$	3,000,000	  	 	 Total Limit
	  				  			
		  				 	 Each Claim Deductible
	  				  			
					
		  	 	Business Automobile:	  	 		  				  			
		  	$	1,000,000	  	 	 Combined Liability - Bodily Injury and Property Damage (Symbol 1 - Any Auto)
	  	 	NIL	  	  			
		  	$	1,000,000	  	 	 Combined Single Limit - Uninsured/Underinsured Motorist Bodily Injury (Symbol 1 - Any Auto)
	  				  			
		  	$	2,500	  	 	 Personal Injury Protection (Symbol 5)
	  				  			
		  	$	5,000	  	 	 Medical Payments (Symbol 2)
	  				  			
		  	 	ACV or Cost of Repair	  	 	 Collision (Symbol 8 & 10)
	  	$	1,000	  	  			
		  	 	ACV or Cost of Repair	  	 	 Comprehensive (symbol 8 & 10)
	  	$	1,000	  	  			
					
		  	 	Umbrella Liability:	  	 		  				  			
		  	$	25,000,000	  	 	 General Total Limit
	  	$	10,000	  	  			
		  	$	25,000,000	  	 	 Products/Completed Operations Total Limit
	  	 	SIR	  	  			
		  	$	25,000,000	  	 	 Personal Injury Each Person Limit
	  				  			
		  	$	25,000,000	  	 	 Advertising Injury Each Person Limit
	  				  			
		  	$	25,000,000	  	 	 Each Event Limit
	  				  			


  
 1 









			
	



	 	Global Energy Services Operating, LLC
	 	Insurance Summary
	 	Term: 03/16/2011 to 03/16/2012

  

															
	 Coverage
	  	 	 	  	 Limits of Liability
	  	Deductible	 	  	Annual
Premium	 
	 Underlying Coverages:
	  	 	General Liability:	  	  		  				  			
		  	$	2,000,000	  	  	 GeneralAggregate (Other Products/Completed Operations)
	  				  			
		  	$	2,000,000	  	  	 Products/Completed Operations
	  				  			
		  	$	1,000,000	  	  	 Personal Injury and Advertising Injury
	  				  			
		  	$	1,000,000	  	  	 Each Occurrence
	  				  			
		  	  
  
	  
 Employee Benefits Liability:
	  
   
	  		  				  			
		  	$	1,000,000	  	  	 Each Wrongful Act
	  				  			
		  	$	3,000,000	  	  	 Aggregate
	  				  			
		  	  
  
	  
 Automobile Liability:
	  
   
	  		  				  			
		  	$	1,000,000	  	  	 Combined Single Limit
	  				  			
		  	  
  
	  
 Employers Liability:
	  
   
	  		  				  			
		  	$	1,000,000	  	  	 Bodily Injury by Accident – Each Accident
	  				  			
		  	$	1,000,000	  	  	 Bodily Injury by Disease – Policy Limit
	  				  			
		  	$	1,000,000	  	  	 Bodily Injury by Disease – Each Employee
	  				  			
		  	  
  
	  
 Maritime Employers Liability:
	  
   
	  		  				  			
		  	$	1,000,000	  	  	 Bodily Injury by Accident – Each Accident
	  				  			
		  	$	1,000,000	  	  	 Bodily Injury by Disease – Policy Limit
	  				  			
					
	 Commercial Property
	  	$	39,018,585	  	  	 Property Values
	  	$	10,000	  	  	$	201,747	  
	 Hanover Insurance Company
	  	$	19,569,334	  	  	 SWOP Scheduled Inventory Values
	  				  			
	 Policy Number: RHD818668306
	  	$	5,000,000	  	  	 Flood – Any One Occ & Annual Agg Limit – Applicable to Flood Zones X ONLY
	  	$	50,000	  	  			
	 Policy Term: 03/16/2011 - 03/16/2012
	  	$	5,000,000	  	  	 Earthquake Any One Occ & Annual Agg Limit
	  	$	50,000	  	  			
		  				  		  	$	250,000	  	  			
		  				  		  	 	Named Storm	  	  			
		  				  		  	 	72 Hours	  	  			
		  				  		  	 	BI Waiting Period	  	  			
					
	 Executive Risk Package
	  	 	Directors & Officers Liability:	  	  		  				  	$	38,502	  
	 (D&O; EPL; Fiduciary; Crime; Special Crime Workplace Violence Expense)
	  	$	5,000,000	  	  	 Maximum Aggregate Limit of Liability for this coverage section
	  	 	NIL	  	  			
	  	$	1,000,000	  	  	 D&O Insuring Clause C
	  	 	Clause A	  	  			
	 Executive Risk Indemnity (Chubb)
	  				  	 D&O Coverage - Section IV
	  	$	35,000	  	  			
	 Policy Number: 82114985
	  				  		  	 	Clause B	  	  			
	 Policy Term: 03/16/2011 - 03/16/2012
	  				  		  	$	35,000	  	  			
		  				  		  	 	Clause C	  	  			
		  	  
  
	  

Prior & Pending Litigation Dates:
	  
   
	  		  				  			
		  	 	1/1/2007	  	  	 D&O Insuring Clause A
	  				  			
		  	 	1/1/2007	  	  	 D&O Insuring Clause B
	  				  			
		  	 	1/1/2007	  	  	 D&O Insuring Clause C
	  				  			
		  	  
  
	  
 Employment Practices Liability:
	  
   
	  		  				  			
		  	$	3,000,000	  	  	 Maximum Aggregate Limit
	  	$	15,000	  	  			
		  	$	3,000,000	  	  	 EPL Insuring Clause B
	  	$	15,000	  	  			
		  	  
  
	  
 Prior & Pending Litigation Dates:
	  
   
	  		  				  			
		  	 	3/16/2006	  	  	 EPL Insuring Clause A
	  				  			
		  	 	3/16/2006	  	  	 EPL Insuring Clause B
	  				  			


  
 2 









			
	



	 	 Global Energy Services Operating, LLC

Insurance Summary
 Term: 03/16/2011 to
03/16/2012


  

															
	 Coverage
	 	 	 	 	 Limits of Liability
	  	Deductible	 	  	Annual
Premium	 
		 	 	Fiduciary Liability:	  	 		  				  			
		 	$	1,000,000	  	 	 Maximum Aggregate Limit
	  	 	NIL	  	  			
		 	  
  
	  

Prior & Pending Litigation Dates:
	  
   
	 		  				  			
		 	 	3/16/2006	  	 	 EPL Insuring Clause A
	  				  			
		 	 	3/16/2006	  	 	 EPL Insuring Clause B
	  				  			
		 	  
  
	  
 Crime Insurance Section:
	  
   
	 		  				  			
		 	$	5,000,000	  	 	 Employee Theft
	  	$	15,000	  	  			
		 	$	5,000,000	  	 	 Premises
	  	$	15,000	  	  			
		 	$	5,000,000	  	 	 In Transit
	  	$	15,000	  	  			
		 	$	5,000,000	  	 	 Forgery
	  	$	15,000	  	  			
		 	$	5,000,000	  	 	 Computer Fraud
	  	$	15,000	  	  			
		 	$	5,000,000	  	 	 Funds Transfer Fraud
	  	$	15,000	  	  			
		 	$	5,000,000	  	 	 Money Orders & Counterfeit Currency Fraud
	  	$	15,000	  	  			
		 	$	5,000,000	  	 	 Credit Card Fraud
	  	$	15,000	  	  			
		 	  
  
	  
 Special Crime Section:
	  
   
	 		  				  			
		 	$	1,000,000	  	 	 Special Coverage
	  	 	NIL	  	  			
		 	$	1,000,000	  	 	 Custody
	  				  			
		 	$	1,000,000	  	 	 Expense
	  				  			
		 	$	1,000,000	  	 	 Accidental Loss Subject to:
	  				  			
		 	$	1,000,000	  	 	 Loss of Life Benefit
	  				  			
		 	 	25	% 	 	 Mutilation (Percentage of Loss of Life Benefit)
	  				  			
		 	 	100	% 	 	 All Other Accidental Loss
	  				  			
		 	$	1,000,000	  	 	 Legal Liability costs
	  				  			
		 	$	5,000,000	  	 	 Emergency Political Repatrition
	  				  			
		 	  
  
	  
 Workplace Violence Expense:
	  
   
	 		  				  			
		 	$	1,000,000	  	 	 Policy Limit
	  	 	NIL	  	  			
					
	 Excess Directors & Officers Liability
	 	$	5,000,000	  	 	 Excess of $5,000,000
	  	 	Underlying D&O	  	  	$	11,000	  
	 Continental Casualty Company
	 				 		  				  			
	 Policy Number: 287356403
	 				 		  				  			
	 Policy Term: 03/16/2011 - 03/16/2012
	 				 		  				  			
	  
 Foreign Package
	 	  
  
	  
 Foreign General Liability:
	  
   
	 		  				  	$	60,905	  
	 (Foreign Liability; Foreign Auto; Foreign WC; Foreign AD&D; Foreign Crime)
	 	$	2,000,000	  	 	 General Total Limit
	  				  			
	 	$	2,000,000	  	 	 Products - Completed Work Total Limit
	  				  			
	 St. Paul Fire & Marine Insurance Company
	 	$	1,000,000	  	 	 Personal Injury Limit
	  				  			
	 Policy Number: GB08300013
	 	$	1,000,000	  	 	 Advertising Injury Limit
	  				  			
	 Policy Term: 03/16/2011 - 03/16/2012
	 	$	1,000,000	  	 	 Each Event Limit
	  				  			
		 	$	10,000	  	 	 Medical Expense Limit - Per Person
	  				  			
		 	$	250,000	  	 	 Damage Limit Premises
	  				  			
		 	  
  
	  
 Employee Benefits Liability:
	  
   
	 		  				  			
		 	$	1,000,000	  	 	 Each Wrongful Act
	  	$	1,000	  	  			
		 	$	1,000,000	  	 	 Total Limit
	  				  			
		 	  
  
	  
 Foreign Automobile/DIC:
	  
   
	 		  				  			
		 	$	1,000,000	  	 	 Combined Liability Single Limit
	  				  			
		 	$	10,000	  	 	 Medical payments Protection
	  				  			
		 	$	25,000	  	 	 Medical Expenses Per Accident
	  				  			


  
 3 









			
	



	 	 Global Energy Services Operating, LLC

Insurance Summary
 Term: 03/16/2011 to
03/16/2012


  

											
	 Coverage
	 	 	 	 	 Limits of Liability
	  	Deductible	  	Annual
Premium
		 	  
  
	  
 Voluntary Workers’ Compensation
	  
   
	 		  		  	
		 	 
 	Statutory as Prescribed by WC law
of the State of Hire	  
  	 		  		  	
		 	 
 	US and Canadian Resident
Employees of the Insured	  
  	 		  		  	
		 	 	Repatritation / Transportation Express	  	 		  		  	
		 	$	 250,000	  	 	 Transportation Expenses Each Person Limit
	  		  	
		 	$	 500,000	  	 	 Transportation Expenses Total Limit
	  		  	
		 	 
 	US and Canadian Resident
Employees of the Insured	  
  	 		  		  	
		 	 
 	Third Country National Employees of
the Insured	  
  	 		  		  	
		 	 
 	Local National Employees of the
Insured	  
  	 		  		  	
		 	  
  
	  
 Employers Liability
	  
   
	 		  		  	
		 	$	 1,000,000	  	 	 Each Employee for Injury by disease
	  		  	
		 	$	1,000,000	  	 	 Policy Limit for Injury by disease
	  		  	
		 	$	 1,000,000	  	 	 Each Accident for Injury by Accident
	  		  	
		 	 
 	US and Canadian Resident
Employees of the Insured	  
  	 		  		  	
		 	  
  
 
	  
 Accidental Death and
Dismemberment:
	  
   
  
	 		  		  	
		 	$	100,000	  	 	 Each Employee, subject to Benefit Schedule
	  		  	
		 	$	300,000	  	 	 Each Accident Limit (All Employees)
	  		  	
		 	$	500,000	  	 	 Total Limit (All Accidents During the Annual Policy Period)
	  		  	
		 	$	10,000	  	 	 Medical Expenses - Each Employee
	  		  	
		 	$	50,000	  	 	 Medical Expenses Total Limit All Employees)
	  		  	
		 	  
  
	  
 Benefit Schedule:
	  
   
	 		  		  	
		 	 	100	% 	 	 Loss of Life
	  		  	
		 	 	100	% 	 	 Total and permanent loss of sight in both eyes
	  		  	
		 	 	100	% 	 	 Total and permanent loss of hearing in both ears
	  		  	
		 	 	50	% 	 	 Total and permanent loss of sight in one eye
	  		  	
		 	 	50	% 	 	 Total and permanent loss of sight in one ear
	  		  	
		 	 	100	% 	 	 Loss of two limbs
	  		  	
		 	 	50	% 	 	 Loss of one limb
	  		  	
		 	 	100	% 	 	 Total and permanent loss of sight in one eye and loss of one limb
	  		  	
		 	 	100	% 	 	 Total and permanent loss of hearing in one ear and loss of one limb
	  		  	
		 	 	25	% 	 	 Loss of thumb and index finger on the same hand
	  		  	
		 	  
  
	  
 Global Kidnap and Ransom:
	  
   
	 		  		  	
		 	$	100,000	  	 	 Ransom
	  		  	
		 	$	100,000	  	 	 Transit
	  		  	
		 	$	100,000	  	 	 Crisis Response Fees & Expenses
	  		  	
		 	$	100,000	  	 	 Additional Expenses
	  		  	
		 	$	100,000	  	 	 Legal Liability
	  		  	
		 	 
 	Limits are Per Insured Event and In
the Aggregate	  
  	 		  		  	


  
 4 








 SECTION 4.19 
 TO 
 GES DISCLOSURE SCHEDULES 

ASSIGNED CONTRACTS 

 

	1.	Service Agreement dated June 16, 2010, by and between IDM Equipment Co and Waste Management of Texas Inc. 


 

	2.	Recycling Service Agreement dated March 29, 2011, by and between Global Energy Services and Abitibi Consolidated Corporation. 


 

	3.	Consulting Services Agreement dated May 1, 2010, by and between Global Energy Services and Alui, Inc. 


 

	4.	Software Financing Agreement number 983710 dated March 22, 2011, by and between GES Global Energy Services Inc. and CIT Technology Financing Services, Inc.


  

	5.	Software Acceptance dated March 31, 2011, by and between GES Global Energy Services Inc. and CIT Technology Financing Services, Inc. 


 

	6.	Lease Agreement No. 1038-01 dated August 24, 2007, by and between IDM Equipment, LLC and Insight Financial Corporation and as amended by that certain
Amendment No. 1 dated November 29, 2007, Amendment No. 2 dated February 12, 2008, and Amendment No. 3 dated May 1, 2008. Pursuant to that certain Acknowledgement of Assignment effective May 23, 2008, Insight
Financial Corporation assigned its rights under Lease Agreement No. 1038-01 to Macquarie Equipment Finance, LLC. 

  

	7.	Internet Services Contract dated April 27, 2010, by and between Global Energy Services and LOGIX. 


 

	8.	Premier Lease Agreement dated August 23, 2011, by and between Global Energy Services, Inc. and Konica Minolta Premier Finance. 


 

	9.	Standard CPC Maintenance Contract dated August 23, 2011, by and between Global Energy Services, Inc. and Konica Minolta Premier Finance. 


 

	10.	Sales and Service Agreement dated April 1, 2011, by and between Global Energy Services and Nestle Waters North America Inc. 


 

	11.	Oral lease agreement dated November 10, 2007, by and between Donald M. Wright and IDM Equipment, LLC, as amended by that certain Lease Modification and Extension
Agreement dated December 11, 2008, relating to a portion of the 8 acre site owned by Mr. and Mrs. Don Wright located to the west of the Real Estate, currently leased on a month-to-month basis, terminable upon 30 days notice of either
party thereto. 


  
 SECTION 4.19 TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.20(a) 

TO 

GES DISCLOSURE SCHEDULES 
 TRANSFERRED EMPLOYEES 
 Please see attached.


  
 SECTION 4.20(a) TO THE GES
DISCLOSURE SCHEDULES 








 Independence Contract Drilling 

Employee Transfer Schedule 
 November 19, 2011 
  

											
	 Account
	  	 D/I/S
	  	 Rate
	  	Department	  	Annual
Wage/
Salary	  	 Job Title

						
	  501  	  	D	  		  	MECHANICAL	  		  	
		  		  	H	  	Serrano, Gustavo A	  		  	Mechanic 1
		  		  	H	  	Uriostegui, Francisco	  		  	Mechanic 2
						
	502	  	D	  		  	ELECTRICAL	  		  	
						
		  		  	H	  	Barrera, Eloy	  		  	Electrical Control System Wire Person
		  		  	H	  	Bennett, Nicholas	  		  	Electrical Control System Foreman
		  		  	H	  	Cooper, Curtis	  		  	Electrical Rig Up Foreman
		  		  	H	  	Garcia, Randy	  		  	Electrical Assembly Lead Man
		  		  	H	  	Moore, Rayford G	  		  	Electrical Rig Up Foreman
		  		  	H	  	Nguyen, Chon Van	  		  	Electrical Control System Wire Person
		  		  	H	  	Nguyen, Hien Minh	  		  	Electrical Rig Up
		  		  	H	  	Nguyen, Ho Hai	  		  	Electrical Rig Up
		  		  	H	  	Nguyen, Kevin	  		  	Electrical Rig Up
		  		  	H	  	Pierson, Janes E	  		  	Electrical Rig Up
		  		  	H	  	Quach, Paul	  		  	Electrical Control System Wire Person
		  		  	H	  	Templeton, Danny L	  		  	Electrical Rig Up
						
	503	  	D	  		  	FABRICATION	  		  	
		  		  	H	  	Lopez, Rigoberto	  		  	Welder
		  		  	H	  	Moran Jr, Victor H	  		  	Fitter
		  		  	H	  	Moran Sr, Victor H	  		  	Fabrication Supervisor
		  		  	H	  	Perez Rodriguez, David	  		  	Supervisor









											
						
	   504  
	  	D	  		  	RIG UP	  		  	
		  		  	H	  	Dana, Aaron L	  		  	Manufacturing Supervisor
		  		  	H	  	Haney, Jimmy L	  		  	Crane operator Leadman
		  		  	H	  	Scott, Raymond W	  		  	Material Handling Supervisor
		  		  	H	  	Torres, Carlos I	  		  	Rig Up Leadman
		  		  	H	  	Turner, Finis E	  		  	Rig Up Supervisor
						
	 506
	  	D	  		  	FIELD SERVICE	  		  	
		  		  	H	  	Barnes, Anthony T	  		  	Field Service Electrical Tech - Level 1
		  		  	H	  	Barnes, Byron D	  		  	Senior Field Service Engineer
		  		  	H	  	Cates, Christopher R	  		  	Field Svc Elec Tech - Level 1
		  		  	H	  	Coleman Jr, David	  		  	Field Svc Elec Tech - Level 2
		  		  	H	  	Love, Barry L	  		  	Field Svc Elec Tech - Level 3
		  		  	H	  	Martin, George E	  		  	Field Service Electrical Tech - Level 1
		  		  	H	  	Nguyen, Giang	  		  	Electrical Control System Foreman
		  		  	H	  	Nnamadim, Ferdinand	  		  	Field Svc Elec Tech - Level 3
		  		  	H	  	Ramos, Cesilio H	  		  	Field Svc Elec Tech - Level 3
		  		  	H	  	Richards, Daniel N	  		  	Field Svc Elec Tech - Level 1
		  		  	S	  	Adams, Randell	  		  	Field Service Coordinator
		  		  	S	  	Sullivan, Finis M	  		  	Director of Field Service
						
	 522
	  	I	  		  	PROJECT MGT	  		  	
		  		  	S	  	Johnson, Margaret L	  		  	Project Mgmt Coordinator
		  		  	S	  	Shrove Jr, James R	  		  	Project Manager, GES DS
		  		  	S	  	Wade, Nancy A	  		  	Project Mgmt & Admin / HR Manager
						
	 523
	  	I	  		  	MFG MGT	  		  	
		  		  	S	  	Hancock, James T	  		  	Vice President / General Manager
						
	 524
	  	I	  		  	MFG MECH MGT	  		  	
		  		  	S	  	McCoy, Paul E	  		  	Mech Production Sr Mgr
						
	 525
	  	I	  		  	MFG ELEC MGT	  		  	
		  		  	S	  	McDonald, Lance R	  		  	Electrical Manufacturing Mgr









											
						
	   528  
	  	I	  		  	FACILITIES	  		  	
		  		  	H	  	McCoy, Lawrence	  		  	Facilities Coordinator
		  		  	H	  	Whitaker, Jeff	  		  	Maintenance Technician 2
						
	 529
	  	I	  		  	ENGR MGT	  		  	
		  		  	S	  	Fortson, Fred	  		  	V P of Engineering
						
	 530
	  	I	  		  	ELEC ENGR	  		  	
		  		  	S	  	Afanassiev, Iouri	  		  	Electronic Engineer
		  		  	S	  	Frank, Chad E	  		  	Manager of Electrical Engineering
		  		  	S	  	Olsen, Allen	  		  	Applications Engineer
		  		  	S	  	Schlueter, Carl	  		  	Drafter / Designer
		  		  	S	  	Vo, Thanh	  		  	Electrical Engineer
						
	 531
	  	I	  		  	ENGR CONTROLS	  		  	
		  		  	S	  	Bunds, Mark E	  		  	Senior Software Developer
						
	 532
	  	I	  		  	MECH/STR ENGR	  		  	
		  		  	H	  	Garcia, America B	  		  	Mechanical Drafter
		  		  	H	  	Gephart, Robert J	  		  	Drafter Mating/Piping 3-D
		  		  	S	  	Anthony, Alan J	  		  	Manufacturing Engineer
		  		  	S	  	Nichols, Joseph	  		  	Mechanical Engineer
		  		  	S	  	Oliver, Krystle E	  		  	Engineering Coordinator
						
	 611
	  	SGA	  		  	SALES OUTSIDE	  		  	
		  		  	H	  	Cagle, Dawn R	  		  	Administrative Assistant
						
	 612
	  	SGA	  		  	SALES INSIDE	  		  	
		  		  	S	  	Cruz, Xochilt	  		  	Inside Sales
						
	 620
	  	SGA	  		  	IT	  		  	
		  		  	S	  	Anzaldua, Eduardo	  		  	Director of IT
		  		  	S	  	Boswell, Diana M	  		  	Desktop Support Specialist
						
	 621
	  	SGA	  		  	ACCOUNTING	  		  	
		  		  	H	  	Chilcutt, Bridget C	  		  	Staff Accountant
		  		  	H	  	Couch, Amy E	  		  	Accounts Payable Lead









											
		  		  	S	  	Craig, Julie A	  		  	Assistant Controller
		  		  	S	  	Mahoney, Michael A	  		  	Controller
		  		  	S	  	Oketch, Silvanus E	  		  	Staff Accountant
						
	   622  
	  	SGA	  		  	HR	  		  	
		  		  	S	  	Joyce, Michaelyn R	  		  	Corporate PR & Ben Coord
		  		  	S	  	Washam, Kristi	  		  	Recruiter
						
	 623
	  	SGA	  		  	MATL MGT/PUR	  		  	
		  		  	H	  	Hirsch, Michael	  		  	Shipping / Receiving Clerk
		  		  	H	  	Nguyen, Trung Phuoc	  		  	Warehouse Manager
		  		  	H	  	Ochoa, Stella M	  		  	Receiving Clerk
		  		  	S	  	Bobo, Dennis R	  		  	Purchasing Manager
		  		  	S	  	D’Entremont, David A	  		  	Buyer
		  		  	S	  	Horton, Lisa R	  		  	Buyer
		  		  	S	  	O’Brien, David A	  		  	Purchasing & Planning Manager
		  		  	S	  	Pitts, Edward S	  		  	Director of Materials Management
		  		  	S	  	Riggins, Thomas D	  		  	Materials Coordinator
						
	 624
	  	SGA	  		  	QA / QC	  		  	
		  		  	H	  	Arie, Clayde R	  		  	QC Inspector
		  		  	H	  	Babineaux, Ron C	  		  	QC Inspector
		  		  	H	  	Byrd, Jolanda L	  		  	QC Inspector
		  		  	H	  	Crisp, Garry E	  		  	QA / QC Coordinator
		  		  	H	  	Manck, Christie R	  		  	Document Control Assistant
		  		  	H	  	Reyna, Jessica	  		  	Document Control Assistant
		  		  	H	  	Turner, Joshua L	  		  	QC Inspector
		  		  	H	  	Wright, Shannon R	  		  	Document Control Assistant
		  		  	S	  	Berger, Eric A	  		  	Director of QA/QC API Mgmt Rep
		  		  	S	  	Stansberry, Catherine	  		  	QA/QC Document Ctrl Admin








 SECTION 4.20(b) 

TO 

GES DISCLOSURE SCHEDULES 
 TRANSFERRED CONTRACTORS 
  

							
	 Name
	  	 Date of Contract
	  	Rate	  	 Duties

	 Agustin Arvizo
	  	11/07/2011	  		  	Welder
	 Robert Coles
	  	08/23/2011	  		  	Welder
	 Aaron Davidson
	  	11/11/2011	  		  	Welder
	 Richard de Carvalho
	  	11/07/2011	  		  	Welder
	 Jose De Leon
	  	06/06/2011	  		  	Welder
	 Jose Diaz
	  	08/09/2011	  		  	Welder
	 Taurino Fermin
	  	08/26/2011	  		  	Welder
	 Tommy Ford
	  	01/28/2009	  		  	Welder
	 Ronald Guidry
	  	09/19/2011	  		  	Welder
	 Taylor Harney
	  	08/30/2011	  		  	Welder
	 Garland Hill, Sr.
	  	07/27/2011	  		  	Welder
	 Juan Mendoza
	  	05/25/2011	  		  	Welder
	 Justin Morris
	  	06/29/2011	  		  	Welder
	 Adalberto Perez
	  	08/22/2011	  		  	Welder
	 Victor Perez
	  	08/10/2011	  		  	Welder
	 Fredy Leonel Pozo
	  	01/27/2009	  		  	Welder
	 Juan Ramirez
	  	08/26/2011	  		  	Welder
	 Kirk Rogers
	  	09/01/2011	  		  	Welder
	 Moises Sarabia
	  	09/08/2011	  		  	Welder
	 Randall Shackelford
	  	01/28/2009	  		  	Welder
	 Ray Smith
	  	05/24/2011	  		  	Welder
	 Sammy Templeton
	  	09/12/2011	  		  	Welder
	 Todd Theriot
	  	10/08/2009	  		  	Welder
	 Robinson Vargas
	  	06/06/2011	  		  	Welder
	 Carlos Ventura
	  	09/16/2011	  		  	Welder
	 Jerry Vines Jr.
	  	07/20/2011	  		  	Welder
	 Gregg Woerner
	  	01/28/2009	  		  	Welder
	 Steven Yates
	  	07/07/2011	  		  	Welder


  
 SECTION 4.20(b) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.20(c) 

TO 

GES DISCLOSURE SCHEDULES 
 LABOR DISPUTES 
 None. 

  
 SECTION 4.20(c) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.20(e) 

TO 

GES DISCLOSURE SCHEDULES 
 LABOR AGREEMENTS 
 None. 

  
 SECTION 4.20(e) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.21(a)(iii) 

TO 

GES DISCLOSURE SCHEDULES 
 401(K) PLAN COMPLIANCE 

GES is relying on a prototype determination letter obtained by Fidelity Management & Research Co from the Internal Revenue Service on
March 31, 2008. 

  
 SECTION 4.2l(a)(iii) TO THE
GES DISCLOSURE SCHEDULES 








 SECTION 4.21(a)(v) 

TO 

GES DISCLOSURE SCHEDULES 
 COMPENSATION PAYMENTS AND ACCELERATION OF BENEFITS 

None. 

  
 SECTION 4.2l(a)(v) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.21(a)(vi) 

TO 

GES DISCLOSURE SCHEDULES 
 SEVERANCE PAYMENTS 
 GES does not have any
Benefit Plans that require severance payments but the common practice of GES is to provide to each employee that is involuntarily terminated, except those employees that are terminated for cause, a severance payment equal to two weeks of such
employee’s cash compensation at the time such employee is terminated. 

  
 SECTION 4.2l(a)(vi) TO THE
GES DISCLOSURE SCHEDULES 








 SECTION 4.21(e) 

TO 

GES DISCLOSURE SCHEDULES 
 POST-RETIREMENT BENEFITS 

None. 

  
 SECTION 4.2l(e) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.21(f) 

TO 

GES DISCLOSURE SCHEDULES 
 WORKERS’ COMPENSATION CLAIMS AND LONG TERM DISABILITY 

None. 

  
 SECTION 4.2l(f) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.21(g) 

TO 

GES DISCLOSURE SCHEDULES 
 BENEFIT PLANS SUBJECT TO SECTION 409A OF THE CODE 

None. 

  
 SECTION 4.2l(g) TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 4.22 
 TO 
 GES DISCLOSURE SCHEDULES 

TRANSACTIONS WITH AFFILIATES 

Transactions with Affiliates: 
  

	1.	GES has an outstanding receivable owed to it by Archer Drilling, an affiliate of an indirect investor of GES Parent. This receivable is a GES Excluded Asset.


  

	2.	Lime Rock affiliates, Archer Limited and Xtreme Coil Drilling Corp are customers of GES. 


 

	3.	GES and its affiliates, SWOP, WSS, and GES Parent, share certain administrative services, including but not limited to, servers, Rackspace email hosting, AutoCad
licensing, CISCO firewall, Myfax phone lines, Logix internet circuit communications and various equipment. 

 Interests in
competitors held by Affiliates: 
  

	1.	An affiliate of Lime Rock has an investment in Tesco Corporation, an NYSE-traded company that manufactures drilling equipment. 


 

	2.	An affiliate of Lime Rock has an investment in Xtreme Coil Drilling Corp, a TSX-traded company that manufactures and operates
its own drilling equipment. 


  
 SECTION 4.22 TO THE GES
DISCLOSURE SCHEDULES 








 SECTION 9.5(c) 
 TO 
 GES DISCLOSURE SCHEDULES 

PERMITTED TITLE EXCEPTIONS 

To be provided at the Closing. 

  
 SECTION 9.5(c) TO THE GES
DISCLOSURE SCHEDULES 








 ANNEX B 

Company Disclosure Schedules 







 DISCLOSURE SCHEDULES 

OF 

INDEPENDENCE CONTRACT DRILLING, INC. 
 These Disclosure Schedules are attached as Annex B to the Asset Contribution and Share Subscription Agreement (the “Agreement”) by and among GLOBAL ENERGY SERVICES
OPERATING, LLC, a Delaware limited liability company (“GES”), INDEPENDENCE CONTRACT DRILLING LLC, a Delaware limited liability company (“RAC”, and together with GES, each, a “Contributor”
and collectively, the “Contributors”), and INDEPENDENCE CONTRACT DRILLING, INC. a Delaware corporation (the “Company”). 
  

	 	1.	Capitalized terms used herein without definition shall have the same meaning ascribed to such terms in the Agreement. 


 

	 	2.	Any disclosures contained in the schedules which refer to a document are qualified in their entirety by reference to the text of such document; provided, that
(i) such disclosure is consistent with the text of such document, and (ii) a true, complete, and correct copy of such document has been delivered to GES. 


 

	 	3.	Section captions and other headings contained in the schedules are for reference and identification purposes only and shall not affect in any way the meaning or
interpretation of any provisions of the schedule or the scope of the disclosures required herein, which shall be governed by the express terms of the Agreement. 


  
 COMPANY DISCLOSURE SCHEDULES









 SECTION 6.2(a) 
 TO 
 COMPANY DISCLOSURE SCHEDULES 

COMPANY EQUITY INTERESTS 

Pursuant to the Independence Drilling Corporation 2011 Omnibus Incentive Plan (the “Plan”), the Company may issue various kinds of
equity and similar awards, including options, stock appreciation rights, restricted stock awards, restricted stock unit awards, performance stock awards and performance unit awards, cash incentive awards and other stock-based and cash-based awards
to any of the employees of the Company and its affiliates, directors of the Company and any consultant, agent, representative, advisor or independent contractor who renders services to the Company or an affiliate. The Company plans to reserve shares
of the Company’s common stock for the issuance of equity and similar awards pursuant to the Plan from time to time in accordance with the terms thereof and as determined by the Board of Directors of the Company or other appropriate authority.


  
 SECTION 6.2(a) TO THE COMPANY
DISCLOSURE SCHEDULES 








 SECTION 6.2(b) 
 TO 
 COMPANY DISCLOSURE SCHEDULES 

COMPANY OPTIONS 
 Pursuant to the Plan, the Company may issue various kinds of equity and similar awards, including options, stock appreciation rights, restricted stock awards, restricted stock unit awards, performance
stock awards and performance unit awards, cash incentive awards and other stock-based and cash-based awards to any of the employees of the Company and its affiliates, directors of the Company and any consultant, agent, representative, advisor or
independent contractor who renders services to the Company or an affiliate. The Company plans to issue equity and similar awards pursuant to the Plan from time to time in accordance with the terms thereof and as determined by the Board of Directors
of the Company or other appropriate authority. 

  
 SECTION 6.2(b) TO THE COMPANY
DISCLOSURE SCHEDULES 








 SECTION 6.4 
 TO 
 COMPANY DISCLOSURE SCHEDULES 

STOCK TRANSFER TAXES 

None. 

  
 SECTION 6.4 TO THE COMPANY
DISCLOSURE SCHEDULES 








 SECTION 6.8 
 TO 
 COMPANY DISCLOSURE SCHEDULES 

TRANSACTION WITH AFFILIATES 

 

	1.	Pursuant to the Plan, the Company may issue various kinds of equity and similar awards, including options, stock appreciation rights, restricted stock awards,
restricted stock unit awards, performance stock awards and performance unit awards, cash incentive awards and other stock-based and cash-based awards to any of the employees of the Company and its affiliates, directors of the Company and any
consultant, agent, representative, advisor or independent contractor who renders services to the Company or an affiliate. 

  

	2.	An affiliate of Lime Rock Partners III, L.P., which is an affiliate of a director of the Company has an investment in Xtreme Coil Drilling Corp., a TSX-traded provider
of contract drilling services, which may compete with the Company. 

  

	3.	An affiliate of Lime Rock Partners III, L.P., which is an affiliate of a director of the Company, has an investment in Archer Limited, an Oslo Borse-traded provider of
oilfield services, including contract drilling, which may compete with the Company. 

  

	4.	An affiliate of Lime Rock Partners III, L.P., which is an affiliate of a director of the Company, has an investment in Tesco Corporation, an NYSE-traded company that
manufactures drilling equipment, which may compete with the Company. 


  
 SECTION 6.8 TO THE COMPANY
DISCLOSURE SCHEDULES 








 EXHIBIT A 

Rig Contract 








 Global Energy Services Operating, LLC Drilling Rig Contract 

This Drilling Rig Contract and all Exhibits attached to and incorporated into this Contract by reference (“Contract”) is entered into on
the 23rd day of November, 2011 (“Execution Date”) by and between Global Energy Services Operating, LLC (“Seller”) and Independence Contract Drilling, LLC (“Buyer”). Seller and Buyer may be referred
to collectively as the “Parties” and individually as a “Party.” 
 In consideration of the promises below, the
Parties agree as follows. 
  

	1.	Scope of Contract 

 1.1 Seller agrees to
sell and Buyer agrees to buy, under the terms and conditions stated in this Contract, the equipment and materials as set forth in Exhibit A (“Rig”). 
 1.2 Buyer Responsibility: Buyer, through its own analysis, is solely responsible for making the final product selection and assuring that all performance, endurance, maintenance, safety, and warning
requirements for Buyer’s particular application are met. Buyer must analyse all aspects of its particular application and follow applicable industry standards and product information. If Seller provides product options, Buyer is responsible for
determining the utility and functionality of the option, as well as its suitability and sufficiency for the reasonably foreseeable uses of the Rig by Buyer. 
  

	2.	Terms 

 2.1 Buyer agrees to pay
$13,665,350 (“Sales Price”) for the purchase of Rig as listed in the Seller’s Quote GES11-6114-04 attached as Exhibit B (“Quote”). 
 2.2 Payment shall be tendered by Buyer to Seller in installments, as follows: 
  

	a.	a down payment of 40% of the Sales Price (“Down Payment”) shall be paid within five business days after the Execution Date of this Contract (the date
when these funds are received being the “Effective Date”); 

  

	b.	a second payment of 30% of the Sales Price shall be due and payable within 75 days of the Execution Date of this Contract and shall be paid by wire transfer of
immediately available funds; 

  

	c.	a final payment of 30% of the Sales Price shall be due and payable immediately prior to delivery Ex-Works (Incoterms 2000) Seller’s Houston, Texas facility or any
other facility designated by Seller (“EXW”) and shall be paid by wire transfer of immediately available funds; and 

  

	d.	all payments are to be tendered in U.S. Dollars($) on or before 5:00 p.m., Central Standard Time (U.S.) on the date due in the form of cleared funds at the bank
designated by Seller with all time periods measured in calendar days. 

 2.3 The timely receipt of payment of Down Payment is a
condition precedent to this Contract becoming effective. If Down Payment is not made and received when due, Seller may, at its sole option, terminate this Contract by delivery of written notice to Buyer. 

2.4 In the event Seller’s costs increase more than 3% during



 
performance of this Contract due to events beyond its reasonable control including, but not limited to, changes in law or regulations, exchange rate fluctuations, or changes in the prices of raw
materials from the date of Quote, Seller shall submit evidence of the increase and Buyer shall reimburse Seller for the increased costs. Seller shall have the right to submit evidence of escalation without regard to the 3% threshold, if Buyer delays
execution of this Contract or work on Rig for a total of more than 20 days in the aggregate. 
 2.5 Buyer and Seller agree that, in addition to
the payment of the Sales Price, Buyer shall be entitled to the payment of a Contingent Bonus, calculated and payable subject to and in accordance with the terms of Annex I hereto. 

 

	3.	Delivery 

 3.1 Date: EXW Delivery Date
shall be as listed in Exhibit B (“Delivery Date”). 
 3.2 Risk of Loss: Risk of loss of Rig transfers to Buyer upon
delivery of Rig to Buyer or Buyer’s designated carrier or other representative in accordance with the provisions of §3.3; provided, however, that title to Rig shall not pass from Seller to Buyer until the Sales Price is paid in full.

 3.3 Delivery: Delivery of Rig shall be EXW, not packed for export. 
 3.4 Notice of Completion and Inspection: Seller shall provide Buyer with 30 days prior notice of the Rig’s expected completion date (“Completion Date”), and Buyer shall have 10 days
after Completion Date (meaning the date on which Rig is ready for delivery to the carrier in disassembled form) to inspect and accept Rig or to raise objections that Rig, in whole or in part, does not meet Technical Specifications (as defined in
§5.1). If Buyer fails to raise objections in writing during the inspection period, Rig is deemed accepted and delivery is deemed to have occurred. If Buyer timely raises an objection, §3.7 will apply to corrections. Buyer shall accept the
scope of supply pursuant to Exhibit D. 
 3.5 Testing: Incorporated into Technical Specifications (as defined in §5.1) is the
protocol of components testing for Rig, and Buyer shall have the right to have a representative present at any testing. 
 3.6 Buyer
Representatives at Inspections: In the event Buyer desires to have a representative present for pre-operational testing in Seller’s plant, Buyer shall notify Seller and request that Seller notify Buyer five business days in advance of any
testing. If Buyer’s representative after Seller’s delivery of prior notice of the location and time of the testing of Rig is absent during any testing, Buyer shall be deemed to have accepted the results of the testing. 

3.7 Opportunity to Cure: In the event that Buyer timely raises objections in accordance with §3.4 that Rig does not meet Technical Specifications,
Seller shall have a reasonable period of time to correct any defect, and Completion Date shall be delayed to reflect the new Completion Date, if applicable. Buyer will be entitled to inspect any correction work and to request further testing and/or
further work to remedy defects as may be necessary until Rig meets Technical Specifications. Seller shall be responsible for all costs of testing and any necessary cures.


 


  
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 3.8 Cancellation: Where cancellation of this Contract is for Buyer’s convenience, Buyer shall
reimburse Seller for all work performed (regardless of the state of completion) and shall pay to Seller (a) the net cost of all materials, transportation, insurance, and handling for which Seller has made firm contracts prior to Seller’s
receipt of Buyer’s cancellation notice and which cannot be cancelled and (b) all amounts paid in settlement or termination of claims of subcontractors and suppliers and all other reasonable costs and expenses incurred in effecting cancellation
(including all restocking charges and demobilization costs). For any parts, equipment or components for which Buyer has reimbursed Seller or funded in full through down payment, shall be transferred at Buyer’s cost for shipping and delivery as
soon as reasonably possible to Buyer. 
  

	4.	Changes 

 4.1 No changes or modifications
to this Contract including, but not limited to, any Rig specification, shall be made without the prior written consent of both Parties, as described on Exhibit E. Seller is not obligated to accept and reserves the right to reject any change
or modification to this Contract. 
 4.2 Consent by Buyer or Seller may only be established by written consent executed by a designated
representative as identified in Exhibit F. No individual or official not named on Exhibit F is authorized to execute a modification to this Contract, and the Parties specifically acknowledge and agree that no apparent authority may be
relied on in modifying this Contract. 
 4.3 If Buyer requests and Seller agrees to a modification or change to Rig that results in a change in
the Completion Date, the Parties agree to a reasonable extension of the estimated Completion Date to reflect the new expected date of completion. All requested changes shall be documented in accordance with Exhibit E. 

 

	5.	Technical Specifications 

 5.1 All
specifications (“Technical Specifications”) delivered in connection with this Contract shall be set forth in Quote. 
 5.2 None
of Technical Specification for any Rig to be delivered pursuant to this Contract may be amended, modified, altered or changed in any way without the prior written consent of both Parties in accordance with the provisions of Article 4. 

5.3 Buyer acknowledges that any amendment, modification, alteration or other change to Technical Specifications may result in an alteration to the Sales
Price and/or a change in the expected Completion Date and/or the Delivery Date. 
  

	6.	Documentation 

 Seller shall produce to
Buyer all required final documentation (“Documentation”) as set out in Exhibit C. 
  

	7.	Packing/Shipping 

 7.1 Buyer shall engage
a third-party contractor responsible for packing all Rig in accordance with Buyer’s requirements. 
 7.2 Seller shall not be responsible or
liable for packaging Rig for shipment or for shipping Rig. 



	8.	Warranty of Workmanship and Materials 


8.1 New equipment manufactured by Seller is warranted to be free of defects in materials and workmanship and to conform to the specifications contained
herein for a period of 12 months from Delivery Date or 18 months from the Completion Date, whichever period expires first, provided Buyer subjects the new equipment to the operating conditions specified by Buyer when the order is placed and in
accordance with Seller’s operating and maintenance instructions, if any, and storage requirements, if any. Remanufactured equipment provided by Seller is warranted for 12 months from Completion Date. THIS IS SELLER’S SOLE AND EXCLUSIVE
WARRANTY. If a defect in Rig appears within a designated warranty period, and Buyer has given written notice within such warranty period (or 30 days after expiration of such warranty period in the event a defect in Rig appears within 30 days of
expiration of such warranty period), Seller will promptly repair or replace the part, at Seller’s option, by shipping a similar part FOB shipping point or, at Seller’s option, refund an equitable portion of the Sales Price. Seller may
require the return of the defective part within 60 days of failure to a designated Seller location, transportation prepaid to establish Buyer’s claim. No allowance will be made for repairs undertaken without Seller’s prior written consent.
This warranty applies only to equipment manufactured by Seller and excludes standard equipment maintenance items, hoses, and expendables. Any descriptions of equipment, drawings, specifications, and any samples, models, bulletins, or similar
material, used in connection with this sale are for the sole purpose of identifying equipment and are not to be construed as an express warranty that Rig will conform to the description. Any field advisory or installation support is advisory only.
EXCEPT FOR THE WARRANTIES EXPRESSLY PROVIDED ABOVE, THERE ARE NO OTHER WARRANTIES AND NONE SHALL BE IMPLIED IN LAW OR OTHERWISE INCLUDING THOSE OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, CONFORMITY TO MODELS OR SAMPLES, DILIGENCE, AND
WORKMANLIKE SERVICE. SELLER’S WARRANTY OBLIGATIONS AND PURCHASER’S REMEDIES ARE SOLELY AND EXCLUSIVELY AS STATED IN THIS ARTICLE 8. Purchaser’s sole and exclusive remedy for breach of warranty under this Article 8, whether
based upon warranty, contract or tort, including negligence, will be to proceed under this warranty. All liability of Seller shall terminate 12 months from Delivery Date or 18 months from the Completion Date, whichever period expires first.

 8.2 Notwithstanding the provisions of §8.1, the Warranty shall not apply to any part of Rig that: 

 

	a.	has been altered or repaired by anyone other than Seller or Seller’s duly authorized representative; 


 

	b.	has been used or maintained other than in accordance with Documentation; 

  

	c.	has been misused or damaged due to the unreasonable use, negligence, or accident of Buyer, Buyer’s customer, or any other person or entity;


  

	d.	has been unreasonably used by Buyer, Buyer’s customer, or any other person or entity after any person or entity knew or should have known of the defect; or


  

	e.	is considered expendable in nature and expires as a result of normal wear and tear in the use of Rig.



 


  
 Domestic Drilling Rig
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 8.3 To the extent that Seller has received from the manufacturer thereof a warranty with term and scope
similar to the warranties provided to Seller herein, and such warranties are assignable from Seller to Buyer, any portion of Rig sold to Buyer pursuant to this Contract but not manufactured by Seller is not warranted to any extent by Seller, but
Seller shall assign to Buyer, without recourse, any warranties furnished to Seller by the vendors or manufacturers of that equipment to the extent any warranties are assignable by Seller. Seller shall cooperate with Buyer in any resulting dispute
Buyer may have with any vendors or manufacturers, provided Seller shall not be obligated to incur any costs or initiate any litigation. 
 8.4
Seller’s liability for any breach of Warranty shall be limited to: 
  

	a.	causing Rig to perform in accordance with this Contract and Technical Specifications by repairing or replacing (at Seller’s option) any defective Rig; or


  

	b.	reimbursing Buyer for the cost of repair or replacement in accordance with the provisions of §8.6. 


8.5 If Seller advises Buyer that Seller is able to perform the warranty work, as described in §8.4, Buyer or owner/operator is obligated to allow
the warranty work to be performed by Seller at Seller’s cost. In the event Seller determines that the repair or replacement is not a valid warranty claim, Buyer or owner/operator shall be charged for the parts, labor, and other trip expenses,
including per diem rates where applicable, at Seller’s then current published rates, subject to Buyer’s right to contest the warranty determination in accordance with Article 11. 

8.6 In the event Seller advises Buyer or the owner/operator that Seller is unable to perform the warranty work, as described in §8.4, Buyer or
owner/operator may elect to cause the necessary warranty repairs or replacements to be made by a third party. In this event, Seller’s sole obligation shall be to reimburse Buyer for the reasonable costs incurred by Buyer for the repairs or
replacements. If Buyer elects to proceed under the provisions of this §8.6, Buyer shall, as soon as possible (but in any event prior to the commencement of the repairs or replacements), notify Seller of the time, place, and estimated cost of
the repairs or replacements. Seller shall have the right to verify, at its sole cost and expense, by its own representative, the nature and extent of the defects complained of prior to the time that the repairs or replacements are made, and if, in
fact, no breach of the warranty has occurred, Buyer shall pay to Seller a per diem fee equal to Seller’s then current labor rate schedule and the reasonable expenses incurred by the representative, subject to Buyer’s right to contest the
warranty determination in accordance with Article 11. Seller does not warrant the work of others who conduct repairs or replacements. 
 8.7 The
remedies provided above for breach of the warranty are exclusive. In no event shall the obligation of Seller to repair or replace (or to reimburse Buyer for the cost of repairing or replacing) defective parts be construed to require Seller to repair
or replace (or to reimburse Buyer for the cost of repairing or replacing) more than the original purchase price of the part that is found to be defective. Rig, as a whole,



 
shall not be construed to be a “part” for the purposes of the preceding sentence and this Contract. 
 8.8 Seller shall have no obligation or liability for any breach of the warranty unless (a) the date of discovery of the defect or failure of Rig to perform in accordance with this Contract or
Technical Specifications was prior to the expiration of the designated warranty period set forth in §8.1 and (b) Buyer shall have provided Seller with written notice of the defect or failure within 30 days of discovery. 

8.9 Buyer represents that it reviewed Technical Specifications and is satisfied that Rig meets its operating requirements. 

8.10 Seller offers no warranties for structural design or operating performance of Rig manufactured pursuant to drawings, designs, or specifications of
Buyer or a third party acting for Buyer. 
 8.11 Seller may subcontract all orders. 

 

	9.	Limitations of Liability 

 9.1 Neither
Buyer nor Seller shall be liable for any special, indirect, speculative or consequential damages of any type or character (including, but not limited to, loss of profit, use, or production) arising from or related in any way to this Contract or its
performance. 
 9.2 To the full extent of applicable law and not specifically found elsewhere in this Contract, Seller’s total liability,
in the aggregate, to Buyer or any entity claiming by, through, or under Buyer for any Claims from any cause or causes including, but not limited to, any breach of contract or warranty or negligence or strict liability shall not exceed the Sales
Price of Rig provided by Seller. 
  

	10.	Indemnification 

 10.1 During the
performance of this Contract, the Parties’ indemnity obligations shall apply to events at any geographic location where this Contract is being performed by Buyer or Seller or, following the Delivery Date, where Rig is being used by or for the
benefit of Buyer. 
 10.2 SELLER AGREES TO DEFEND, PROTECT, RELEASE, INDEMNIFY, AND HOLD BUYER OR ITS PARENT, SUBSIDIARY, OR AFFILIATED
COMPANIES AND ITS AND THEIR AGENTS, CONTRACTORS, EMPLOYEES, INSURERS, INVITEES, OFFICERS, OWNERS, REPRESENTATIVES, OR STOCKHOLDERS (“BUYER’S GROUP”) HARMLESS FROM AND AGAINST ALL CAUSES OF ACTION, CLAIMS, DAMAGES, DEMANDS, LIABILITY,
LOSSES, AND SUITS OF EVERY TYPE AND CHARACTER, INCLUDING ALL LITIGATION EXPENSES, COURT COSTS, AND ATTORNEY’S FEES, ARISING OUT OF OR RELATED IN ANY WAY TO THE RIG OR THIS CONTRACT (“CLAIMS”) ARISING IN FAVOR OF SELLER OR ITS PARENT,
SUBSIDIARY, OR AFFILIATED COMPANIES AND ITS AND THEIR AGENTS, CONTRACTORS, EMPLOYEES, INSURERS, INVITEES, OFFICERS, OWNERS, REPRESENTATIVES, OR STOCKHOLDERS (“SELLER’S GROUP”) THAT ARE ASSERTED FOR PERSONAL INJURY, DEATH, OR LOSS OF
OR DAMAGE TO ANY PROPERTY ARISING OUT 

 


  
 Domestic Drilling Rig
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OF, RESULTING FROM, OR RELATING IN ANY WAY TO THIS CONTRACT OR ANY ACTS OR OMISSIONS IN CONNECTION HEREWITH INCLUDING, WITHOUT LIMITATION, ANY BREACH OF THIS CONTRACT, REGARDLESS OF WHETHER
BUYER OR OTHERS MAY BE WHOLLY, CONCURRENTLY, OR SOLELY NEGLIGENT OR OTHERWISE AT FAULT, AND REGARDLESS OF ANY DEFECT IN PREMISES, EQUIPMENT OR MATERIALS, IRRESPECTIVE OF WHETHER PREEXISTING AT EXECUTION OF THIS CONTRACT. 

10.3 BUYER AGREES TO DEFEND, PROTECT, RELEASE, INDEMNIFY, AND HOLD SELLER’S GROUP HARMLESS FROM AND AGAINST ALL CLAIMS ARISING IN FAVOR OF
BUYER’S GROUP (OTHER THAN MEMBERS OF SELLER’S GROUP) THAT ARE ASSERTED FOR PERSONAL INJURY, DEATH, OR LOSS OF OR DAMAGE TO ANY PROPERTY ARISING OUT OF, RESULTING FROM, OR RELATING IN ANY WAY TO THIS CONTRACT OR ANY ACTS OR OMISSIONS IN
CONNECTION HEREWITH INCLUDING, WITHOUT LIMITATION, ANY BREACH OF THIS CONTRACT, REGARDLESS OF WHETHER SELLER OR OTHERS MAY BE WHOLLY, CONCURRENTLY, OR SOLELY NEGLIGENT OR OTHERWISE AT FAULT, AND REGARDLESS OF ANY DEFECT IN PREMISES, EQUIPMENT OR
MATERIALS, IRRESPECTIVE OF WHETHER PREEXISTING AT EXECUTION OF THIS CONTRACT. 
 10.4 Buyer specifically acknowledges that Rig is being
purchased for use in an inherently dangerous endeavor. Buyer understands the importance of obtaining appropriate training for personnel operating Rig and represents to Seller that only appropriately trained and qualified individuals shall operate or
work on Rig. WITHOUT PREJUDICE TO SELLER’S WARRANTY AND SUBJECT ALWAYS TO THE PROVISIONS OF §10.3, BUYER AGREES TO INDEMNIFY SELLER FROM ANY CLAIMS ARISING ON ACCOUNT OF LOSS OR DAMAGE TO ANY PROPERTY, INCLUDING RIG, IN CONNECTION WITH
BUYER’S USE OR OPERATION OF RIG AFTER THE DELIVERY DATE REGARDLESS OF WHETHER ANY MEMBER OF SELLER’S GROUP OR OTHERS MAY BE WHOLLY, CONCURRENTLY, OR SOLELY NEGLIGENT OR OTHERWISE AT FAULT (EXCEPT TO THE EXTENT ARISING FROM OR RELATING TO A
DEFECT OR FAILURE COVERED UNDER THE WARRANTY PURSUANT TO THIS CONTRACT). 
 10.5 Seller shall not be liable for the structural design or
operating performance of Rig manufactured according to designs, drawings, or specifications of Buyer or any party acting for Buyer. 
 10.6
THE INDEMNITY OBLIGATIONS UNDERTAKEN IN THIS CONTRACT SHALL BE SUPPORTED BY APPROPRIATE INSURANCE AS SPECIFIED HEREIN; PROVIDED, HOWEVER, THAT THE INDEMNITY OBLIGATIONS SHALL NOT BE LIMITED BY THE TYPES OF AND AMOUNT OF INSURANCE COVERAGE
OBTAINED. 



	11.	Law and Venue 

 The validity of this
Contract and all Claims arising hereunder shall be construed, interpreted, and governed in accordance with the laws of the State of Texas. The Parties agree that for purposes of all Claims that arise out of or are related in any way to the subject
matter of this Contract that proper venue shall be the federal and state district courts located in Houston, Harris County, Texas. 
  

	12.	Force Majeure 

 12.1 For purposes of this
Contract, “Force Majeure” shall be defined to mean acts of God, acts, orders, decrees, instructions or other requirements of governmental authorities taking effect after Effective Date, insurrections, mobilization, riots, acts of
terrorism, vandalism, sabotage, strikes, lock-outs or other labor disturbances (it being expressly agreed that Buyer shall have no right to compel Seller to settle any strike or other dispute), quarantines, floods, storms, hurricanes, tornadoes,
droughts or other adverse weather condition, fires, explosions, embargoes, or by other cause not reasonably foreseeable by the Parties. 
 12.2
Seller shall not be liable for delays due to Force Majeure events. Seller shall give Buyer written notice within seven days of commencement of the cause or event and shall promptly resume performance upon expiration of the cause or event.

  

	13.	Insurance 

 13.1 Seller shall maintain all
appropriate insurances prior to the Delivery Date as set out in Exhibit G. Seller shall provide Buyer with certificates evidencing its insurance upon request. 
 13.2 Buyer shall maintain all appropriate insurances from the Date of Execution of this Contract including, without limitation, at least coverage set forth in Exhibit G. Buyer shall provide Seller
with certificates evidencing its insurance upon request. 
  

	14.	Spare Parts 

 Seller and Buyer recognize
the potential need for adequate spare parts during operations. Spare parts, subject to market conditions and plant capacity, shall be available from Seller to Buyer at competitive prices subject to negotiation for a period of at least two years from
Completion Date. 
  

	15.	Taxes and Duties 

 The Sales Price does
not include any provision for taxes or duties levied or imposed by any authority or entity; Buyer agrees to be solely responsible for and indemnify (and reimburse, if necessary) Seller from any and all taxes or duties levied or imposed. 

 

	16.	Default and Termination 

 16.1 Seller
shall be deemed in default if one or more of the following events occur provided that Buyer has given Seller written notice of the default and Seller has failed to cure within 30 days of the notice. Buyer may terminate this Contract, if Seller
(a) makes an assignment for the benefit of creditors or consents to or acquiesces in the appointment of a receiver, liquidator, fiscal agent, or trustee; (b) becomes insolvent or enters into a voluntary or involuntary bankruptcy or


 

  

  

	
	Domestic Drilling Rig Contract (DRC 04-2010)










 
receivership; (c) fails to deliver pursuant to Article 3; or (d) has breached any warranty or representation material to this Contract. 

16.2 In the event of default termination, Seller shall assist Buyer and cooperate in the transfer of work in progress for the value equal to the amount
of payments previously received, residual materials, and in the performance of Buyer’s other reasonable requests. 
 16.3 Buyer shall be
deemed in default if one or more of the following events occur provided that Seller has given Buyer written notice of the default and Buyer has failed to cure within 30 days of the notice. Seller may terminate this Contract, if Buyer (a) makes an
assignment for the benefit of creditors or consents to or acquiesces in the appointment of a receiver, liquidator, fiscal agent, or trustee; (b) becomes insolvent or enters into a voluntary or involuntary bankruptcy or receivership;
(c) without regard to (a) or (b) suffers from a material change in credit or financial condition unsatisfactory to Seller; (d) fails to make any payment as and when required pursuant to Article 2; or (e) has breached any warranty
or representation material to this Contract. 
 16.4 In the event Seller terminates in whole or in part, Seller shall have no further
obligations or liability under this Contract and Buyer shall be liable to Seller in accordance with §3.8. In the event of default termination, Seller shall assist Buyer and cooperate in the transfer of work in progress for the value equal to
the amount of payments previously received by Seller, residual materials, and in the performance of Buyer’s other reasonable requests but only after payment of all sums due from Buyer. 

 

	17.	Confidential Information 

 17.1 All
information to be provided by Seller or by any other person or entity on behalf of Seller is information that Seller deems confidential and proprietary, and Seller must be assured that confidentiality will be strictly maintained.
“Confidential Information” means all information furnished by Seller or any other person or entity on behalf of or at the request of Seller including, but not limited to, quotes (including Quote), correspondence, discussions,
negotiations, price, documents (including this Contract), analyses, data, reports, business plans, marketing information, projections or other commercial information, all engineering and other drawings and documents, manufacturing practices, all
intellectual property, know-how and technical information (including Technical Specifications) relating to or in respect of Rig or the project to which it relates and capital and operating costs related to the subject matter of the project to which
Rig relates. 
 17.2 Buyer may only disclose the Confidential Information to its officers, directors, employees, consultants and independent
contractors who have a need to know such information for the purpose of using, operating or utilizing Rig, provided that the persons and entities shall be notified of the confidential nature of the information in advance and agree to abide by the
confidentiality provisions of this Contract the same as if they themselves were Buyer. In the event Buyer is compelled by subpoena or other legal directive to disclose any Confidential Information, Buyer shall immediately notify Seller in writing
and allow Seller to seek protection of the Confidential



 
Information. 
 17.3 All rights in, to and under the Confidential Information shall remain
solely with Seller. 
 17.4 Buyer acknowledges that Seller will be irreparably harmed by any breach of the confidentiality obligations set forth
in this Contract. Accordingly, in addition to damages and other relief allowed by applicable law, Buyer agrees that in the event of any breach, Seller shall be entitled, without posting of security or a bond, to equitable relief, including, without
limitation, temporary and/or permanent injunctive relief and specific performance. 
 17.6 The confidentiality obligations set forth in this
Contract shall survive any termination of this Contract. 
  

	18.	Miscellaneous 

 18.1 Entire Contract: This
Contract expresses the complete agreement of the parties as of the time of execution, and all prior written or oral agreements, and contemporary oral agreements, are hereby superseded by this Contract. In the event of a conflict between the terms
and conditions of this Contract and the exhibits and/or attachments that form a part of this Contract, the terms and conditions of this Contract shall prevail. Therefore, this Contract shall prevail over all other terms and conditions. 

18.2 Amendment: This Contract may not be amended, modified or supplemented except by a written agreement expressly designated as an amendment,
modification or supplement of this Contract and executed by both Parties in accordance with the provisions of §4.2. 
 18.3 Waiver: No
waiver of any of the provisions of this Contract shall be binding upon a Party unless the waiver is in writing and specifically designated as a waiver and shall be executed in accordance with the provisions of §4.2. No waiver of any of the
provisions of this Contract shall be deemed or shall constitute a waiver of any other provision of this Contract (whether or not similar), nor shall the waiver constitute a continuing waiver, unless otherwise expressly provided therein. 

18.4 Severability: If any portion of this Contract or the application thereof to any persons or circumstances should be found to be invalid by a court of
competent jurisdiction, the invalidity shall not affect the remaining portions or application thereof which can be given effect without the invalid portion or application. 
 18.5 Written Assurance of Domestic Use Only: Buyer hereby gives written assurance to Seller that neither Rig nor any technical data provided to Buyer hereunder is intended to or will be shipped, exported,
or re-exported, directly or indirectly, to any country, person, or other entity contrary to any laws, regulations, or administrative orders of the United States or any other jurisdiction applicable to a transaction affecting this Contract. Buyer
further acknowledges that Seller, in determining to execute this Contract and perform its obligations under this Contract, has expressly relied on the written assurance contained in this §18.5. 

18.6 Counterparts and Facsimile Execution: This Contract may be executed in multiple counterparts, each being deemed an original copy of this Contract,
but all of which, when taken 

 


  
 Domestic Drilling Rig
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 agreement. The Parties may sign and deliver this Contract by facsimile transmission or by electronic mail
in “portable document format.” 
 18.7 Survival: The provisions of this Contract that are intended to extend beyond its termination
shall survive termination of the Contract, including without limitation, any liability, indemnity, and confidentiality provisions contained in this Contract, and the provisions applicable to the enforcement of those provisions and/or the enforcement
of rights and obligations incurred hereunder. 
 18.8 Compliance with Laws: The Parties represent and warrant that they are independently
familiar with and at all times shall observe and comply with all federal, state, and local laws, ordinances, rules, and regulations in any manner affecting this Contract and the Rig. The Parties further agree to fully comply with all laws and
regulations controlling the export of controlled commodities. 
 18.9 Authority to Execute: Each of the persons executing this Contract
represents and warrants that they have full right and authority to execute this instrument on behalf of Buyer and Seller, respectively, and to legally bind each Party to all of its provisions. 

18.10 Notices: Any required notices shall be in writing and may be served either personally on the authorized representative of the receiving Party or by
facsimile, courier, express delivery, or registered or certified mail to the address of that Party (or at any other address for a Party as specified by 10 days prior notice): 

 

			
	Buyer:	  	Attention: Legal
		  	11616 North Galayda Street
		  	Houston, Texas 77086
		
	Seller:	  	Attention: Legal
		  	11616 North Galayda Street
		  	Houston, Texas 77086

 BUYER ACKNOWLEDGES THAT THIS CONTRACT CONTAINS WARRANTY, INDEMNITY, AND INSURANCE PROVISIONS.




			
	Exhibit and Annex List:
		
	 •       Exhibit A
	  	Description of Rig and Materials
		
	 •       Exhibit B
	  	GESO’s Quote
		
	 •       Exhibit C
	  	Documentation
		
	 •       Exhibit D
	  	Rig Acceptance Certificate
		
	 •       Exhibit E
	  	Change Order Form
		
	 •       Exhibit F
	  	Representation of Authorization
		
	 •       Exhibit G
	  	Required Insurance
		
	 •       Annex I
	  	Contingent Bonus

 IN WITNESS WHEREOF, Buyer and Seller have caused this Contract to be executed by their duly authorized
representatives to be effective as of the day and year first above written. 
  

			
	BUYER
	
	INDEPENDENCE CONTRACT DRILLING, LLC
		
	By:	 	 /s/ Byron Dunn

		 	  

	Name:	 	Byron Dunn
		 	  

	Title:	 	CEO
		 	  

	
	SELLER
	
	GLOBAL ENERGY SERVICES OPERATING, LLC
		
	By:	 	
		 	  

	Name:	 	
		 	  

	Title:	 	
		 	  


 
 


  
 Domestic Drilling Rig
Contract (DRC 04-2010) 









 agreement. The Parties may sign and deliver this Contract by facsimile transmission or by electronic mail
in “portable document format.” 
 18.7 Survival: The provisions of this Contract that are intended to extend beyond its termination
shall survive termination of the Contract, including without limitation, any liability, indemnity, and confidentiality provisions contained in this Contract, and the provisions applicable to the enforcement of those provisions and/or the enforcement
of rights and obligations incurred hereunder. 
 18.8 Compliance with Laws: The Parties represent and warrant that they are independently
familiar with and at all times shall observe and comply with all federal, state, and local laws, ordinances, rules, and regulations in any manner affecting this Contract and the Rig. The Parties further agree to fully comply with all laws and
regulations controlling the export of controlled commodities. 
 18.9 Authority to Execute: Each of the persons executing this Contract
represents and warrants that they have full right and authority to execute this instrument on behalf of Buyer and Seller, respectively, and to legally bind each Party to all of its provisions. 

18.10 Notices: Any required notices shall be in writing and may be served either personally on the authorized representative of the receiving Party or by
facsimile, courier, express delivery, or registered or certified mail to the address of that Party (or at any other address for a Party as specified by 10 days prior notice): 

 

			
	Buyer:	  	Attention: Legal
		  	11616 North Galayda Street
		  	Houston, Texas 77086
		
	Seller:	  	Attention: Legal
		  	11616 North Galayda Street
		  	Houston, Texas 77086

 BUYER ACKNOWLEDGES THAT THIS CONTRACT CONTAINS WARRANTY, INDEMNITY, AND INSURANCE PROVISIONS.




			
	Exhibit and Annex List:
		
	 •       Exhibit A
	  	Description of Rig and Materials
		
	 •       Exhibit B
	  	GESO’s Quote
		
	 •       Exhibit C
	  	Documentation
		
	 •       Exhibit D
	  	Rig Acceptance Certificate
		
	 •       Exhibit E
	  	Change Order Form
		
	 •       Exhibit F
	  	Representation of Authorization
		
	 •       Exhibit G
	  	Required Insurance
		
	 •       Annex I
	  	Contingent Bonus

 IN WITNESS WHEREOF, Buyer and Seller have caused this Contract to be executed by their duly authorized
representatives to be effective as of the day and year first above written. 
  

			
	BUYER
	
	INDEPENDENCE CONTRACT DRILLING, LLC
		
	By:	 	
		 	  

	Name:	 	
		 	  

	Title:	 	
		 	  

	
	SELLER
	
	GLOBAL ENERGY SERVICES OPERATING, LLC
		
	By:	 	 /s/ MICHAEL STANSBERRY

		 	  

	Name:	 	MICHAEL STANSBERRY
		 	  

	Title:	 	PRESIDENT
		 	  


 
 


  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 Exhibit A 
 Description of Rig and Materials 
 Seller will provide the following equipment and
components: 
 QuickSilver Drilling System QDSH 1600 
 Specifications for the above equipment and components are more fully set out in Seller’s Quote attached as Exhibit B. 
 Price: US$13,665,350 
 Ex Works Houston Delivery Date with all shipping and packing costs and
expenses for Buyer’s account. 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 Exhibit B 
 GESO’s Quote 
 See Quotation GES11-6114-04 attached. 

Delivery Date: April 15, 2012 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








  
 



 
 Independence 
  

 
 Quote No. GES11-6114-04 

QuickSilver® Drilling System 
 QDSH-1600 

11/22/2011 

  

					
	THEINRICH\004676\00002\744081.1	 		 	









 Global Energy Services 

Houston, Texas, USA 
 QuickSilver® Drilling System 

QDSH-1600 
 Quote
No.: GES11-6114-03 
 Specification Summary 
 The QuickSilver Drilling System is designed to rig up & rig down on a new location (within 1 00 miles) in less than 48 hours. All components requiring elevation are raised with hydraulic
cylinders; no cranes are required. Round bottom mud tanks eliminate the need for mud guns. GES’ Electronic Driller provides automated control of WOB, ROP and RT. Optional walking or skidding systems available. 

 

			
	Horsepower	  	1600 HP
	Hook Load	  	750,000 lb.
	Lines	  	12
	Mast Height	  	136’
	Base Dimensions	  	13’ x 9’
	Racking Capacity	  	19,500’ of 5” DP, 4 stands of 6-1/2” DC
	Rotary Table	  	27.5” (37.5” Optional)
	Rotary Load	  	750,000 lb. with Full Setback
	Setback Load	  	505,000 lb.
	Drill Floor Height	  	26’
	Clear Working Height	  	22.5’
	Drill Floor Dimensions	  	40’ x 21.5’ Approximate
	Engine-Generators	  	3 x Cat 3512C & KATO or Caterpillar
	Mud Pumps	  	2 x 1600 HP Each
	Catwalk	  	18” Structural Steel with V-Door
	Loads	  	22

 GES is a certified API Spec Q1, Spec 4F and Spec 7K facility. All appropriate GES manufactured equipment will carry the
API Monogram. The Drawworks, Mast, Substructure and accessories are manufactured to the following specifications: 
  

	 	•	 	 Mast, Crown and Substructure to comply with API 4F 


  

	 	•	 	 Crown Sheave Assemblies comply with API 8A 


  

	 	•	 	 Traveling Block API 8A 


  

	 	•	 	 Drawworks and Rotary Table comply with API 7K 


  

	 	•	 	 Mud Pumps API 7K 


  

	 	•	 	 Designed to 0°F thru 104°F (-17.8°C thru 40°C) ambient 


 All equipment will be sandblasted, primed and finish coated with an industrial epoxy polyurethane coating system, per GES standard one color coating specification No.N00-0000-005. 

  

					
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		 		 	SECTION 1
			
	1.0	 		 	MAST, SUBSTRUCTURE, DRAWWORKS & ACCESSORIES
			
	1.1	 	1	 	MAST ASSEMBLY
			
		 		 	GES freestanding hydraulically raised mast with 136’ clear height and a 750,000 lb. static hook load capacity when strung on 12 lines. Features a 13’ x 9’
base and comes complete with ladders, lighting and crown assembly.
			
		 		 	The mast is designed to be telescoped out horizontally using a tandem axle truck, and retracted in horizontally using a tandem axle truck along with the mast dolly
mounted drill line spooler. The mast will remain mounted on the 4-axle removable mast dolly complete with integrated hydraulically operated drill line spooler assembly for transportation.
			
		 		 	The two (2) hydraulic mast raising cylinders remain mounted on the mud boat during transportation and are easily positioned for the mast raising and lowering
operation.
			
		 		 	The drill line spooler integration onto the mast dolly facilitates the mast being transported with the traveling block remaining strung up. The traveling block is
transported in the mast lower section secured in the block cradle.
			
		 		 	Mast mounted hydraulic make-up and breakout cylinders are supplied complete with drill floor level sheave assemblies and include all necessary hydraulic hoses, fittings,
and valves for operation.
			
		 		 	Crown assembly is supplied complete with a main cluster assembly consisting of five (5) 36” diameter sheaves, a fast line sheave assembly consisting of one (1)
42” diameter sheave and a tandem deadline sheave assembly consisting of one (1) 42” diameter sheave and one (1) 36” sheave, all grooved for 1-3/8” wireline and arranged to accommodate a six (6) sheave traveling block. Includes a
removable fifth wheel plate mounted on the front side of the crown frame, 42” high handrails, bumper blocks, padeyes for block suspension line and tugger sheaves.
			
		 		 	Racking board has a racking capacity of 19,500’ of 5” drill pipe and four (4) stands of 6-1/2” drill collars or 23,400’ of 4-1/2” drill pipe and
four (4) stands of 6-1/2” drill collars.
			
		 		 	Racking board comes complete with adjustable diving board, finger covers for the driller’s side fingers, a 1500 lb. pull back winch and mount, a SALA block, safety
chains on each finger, 78” handrails, racking board frame and a ladder landing platform with handrails.
			
		 		 	Includes the following:
				
		 		 	•	 	Two (2) tong counterweights complete with buckets, guides, blocks and wireline
				
		 		 	•	 	Padeyes mounted in the mast intermediate section and the counterweights mounted on the substructure base.
				
		 		 	•	 	Two (2) M491 or equal tugger sheave units grooved for 9/16” diameter wireline
				
		 		 	•	 	Mast dolly mounted hydraulic drill line spooler supplied with 5,000’ of 1-3/8” EIPS drilling line.
				
		 		 	•	 	One (1) mast stand. The mast comes with all the necessary drive pins and bolts for assembly.


  

					
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		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	GES-1600-M


							
			
	1.2	 	1	 	TELESCOPING SUBSTRUCTURE
			
		 		 	Telescoping substructure with the following:
				
		 		 	•	 	Hydraulically raised substructure with a 26’ drill floor height with 22.5’ clear working height under the rotary beams. Casing capacity of 750,000 lbs. and setback
capacity of 505,000 lbs. for a combined load capacity of 1,255,000 lbs.
				
		 		 	•	 	Substructure outfitted with checkered floor plate and safety handrails with toe-boards.
				
		 		 	•	 	BOP trolley beams to extend to the front of the rig – under the V-door.
				
		 		 	•	 	Independent rotary drive built into substructure.
				
		 		 	•	 	Three (3) sets of stairs from working floor: two (2) to the ground and one (1) to the trip tank landing complete with handrails.
				
		 		 	•	 	One (1) mousehole to be included for Range II pipe.
				
		 		 	•	 	One (1) rathole to be included for Range II pipe.
				
		 		 	•	 	BOP stabilizer padeyes.
				
		 		 	•	 	V door ramp.
				
		 		 	•	 	Mast pedestal with shoes.
			
		 		 	The drill floor area is 21.5’ x 40’ (approximate). Approximate transport dimensions:
				
		 		 	•	 	Rotary side sub base: 40’ x 11.5’
				
		 		 	•	 	Setback side sub base: 40’ x 10.25’


							
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	QDSH-1600-S


							
			
	1.3	 	Lot	 	DRILL COLLARS
			
		 		 	Drill Collar
				
		 		 	•	 	DC 8.00 X 2.81 X 31.00 NC 56 BB box
		 		 	 up NC 56 API RG pin DWN STD slip 10” HB 1”
 above slip APP on OD
 8 each

			
		 		 	Drill Collar
				
		 		 	•	 	DC 7X2.81X31 NC50 BB box up NC
		 		 	 50 API RG pin DWN STD slip 10” HB 1” above slip
 applied on OD
 24 each

			
	1.4	 	Lot	 	DRILL PIPE
			
		 		 	DRILL PIPE - TEXAS STEEL CONVERSION, DRILL
		 		 	PIPE. 5” IEU X 19.50 LB/FT GRADE S-135 RANGE 2:
		 		 	31.5’(+6”/-12”) pipe body meets 95%
		 		 	Remaining wall tool joints - 6 5/8” OD X
2 3/4”


  

					
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		 		 	 ID with NC 50 threads, tool joints 2” longer
 than standard API - 9” pin tong space, 12” box
 tong space ARMACOR M HARDBANDING box
end
 only/HARDBANDING is inlaid (applied in a 3/32”
 deep groove) box tool joint approx. 3” length of Hardband on the
 OD (flush to 1/32”
raised) approx. 75” length of Hardband on
 the 18 degree taper and 3 fingers (flush with

taper) TK34 internal plastic coating mand
 and
break included (3 cycles). Plastic thread protectors.
 15 K feet total

			
	1.5	 	1	 	BOP UNIT
			
		 		 	BOP STACK:
				
		 		 	•	 	 Double BOP 11” 5,000 Studded Top & Bottom, Horn HD
 W/4 - 4 1/16 5,000 Outlets, New, With Rams

				
		 		 	•	 	 Annular BOP 11” 5,000 Horn Spherical, W/11” 5,000
 Bottom Flange, With new Packer and Seal Kit, New

				
		 		 	•	 	 Mud Cross 11” 5,000 Flanged Top and Bottom, W/2-4 1/8 5,000
 Extended Flanged Outlets, 24” Tall

				
		 		 	•	 	 Single BOP 11” 5,000 Flanged Top & Bottom, Horn HS
 W/4 - 4 1/16 5,000 Outlets, New, With Rams

			
		 		 	CLOSING UNIT:
				
		 		 	•	 	5 Station 120 Gallon Accumulator
				
		 		 	•	 	Single Manual Broad Band Regulators
				
		 		 	•	 	1 Fail Safe  3/4” Full Flow Regulator
				
		 		 	•	 	With direct read gauges on remote
				
		 		 	•	 	1 43 to 1 Graco air pump high/low
				
		 		 	•	 	Bypass valve 12 11 gallon bottles
				
		 		 	•	 	5 1” Barksdale valves 1” Triplex pump
				
		 		 	•	 	25 HP Electric Motor #2 Allen Bradley
				
		 		 	•	 	Starter & Barksdale Pressure Switch
				
		 		 	•	 	Remote Control Panel 6 Station
				
		 		 	•	 	120” JB 16 Remote Hose Assembly
				
		 		 	•	 	Gallons HD 32 Oil 10WT Hydraulic
			
	1.6	 	1	 	DRAWWORKS
			
		 		 	GES-1600-AC Drawworks:
				
		 		 	•	 	1600 HP input power
				
		 		 	•	 	Heavy duty drawworks skid designed to travel on the mud boat during transportation
				
		 		 	•	 	Heavy duty shell cover with removable access panels
				
		 		 	•	 	Heavy duty drum sized for the application and grooved for 1-3/8” drill line


  

					
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		 		 	•	 	One (1) integrated parking brake system HPU
				
		 		 	•	 	One (1) spring set, hydraulic release disc parking brake complete with controller
				
		 		 	•	 	Configured to operate with one AC drive motor
			
		 		 	Drive Assembly:
				
		 		 	•	 	One (1) 1500 HP continuous, 1830 HP intermittent drawworks duty AC drive motor complete with one (1) 20 HP blower, pressure switch, junction box, RTDs, space heater and
encoder.
				
		 		 	•	 	Drawworks controls are mounted in the driller’s cabin.


							
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	GES-1600-AC


							
			
		 		 	SECTION 2
			
	2.0	 		 	MAST & RIG FLOOR ACCESSORIES
			
	2.1	 		 	TRAVELING ASSEMBLY
			
		 		 	One (1) 400 ton traveling block with six (6) 42” sheaves, sealed bearings grooved for 1-3/8” drill line.
			
		 		 	T-Bar Conversion Kit


							
				
		 		 	Manufacturer:	 	Global Energy Services or Equal
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	2.2	 		 	TOP DRIVE
			
		 		 	Top Drive System Package - Model TDS-11SA - 500T complete with the following:
				
		 		 	•	 	7500 psi Mud Path
				
		 		 	•	 	Counterbalance Package
				
		 		 	•	 	S-Pipe Package – RH Front, 5000 psi, 4” LPT
				
		 		 	•	 	Carriage Package
				
		 		 	•	 	Lubrication Kit
				
		 		 	•	 	PH – 75 Pipe Handler Package w/Tool Kit
				
		 		 	•	 	Driller’s Console, UL, Purge - able w/Driller’s Console Cable Assembly
				
		 		 	•	 	Guide Beam Kit
				
		 		 	•	 	Basic Tieback Kit
				
		 		 	•	 	Hydraulic Package
				
		 		 	•	 	Kit, Service Loop, UL
				
		 		 	•	 	Derrick Leg Cable Kit
				
		 		 	•	 	Electrical Package


  

					
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		 		 	Manufacturer:	 	NOV
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TDS-11SA


							
			
	2.3	 		 	IRON ROUGHNECK SYSTEM
			
		 		 	Hydraulic Iron Roughneck System
			
		 		 	Compact, pedestal mounted unit combines spinning and torque, the ST-80C is floor mounted socket for support; no hanging cables or overhead equipment is involved. HPU
model HP-35S included.
			
		 		 	Technical Specifications:


									
					
		 		 	•	 	Tubular OD Range	 	4-1/4” to 8-1/2” (108-216 mm)
					
		 		 	•	 	Nominal Drill Pipe Sizes	 	3-1/2” to 5-1/2” (89-140mm)
					
		 		 	•	 	Spin Speed	 	100 RPM (nominal on 5” DP)
					
		 		 	•	 	Spin Torque	 	1,750 ft./lbs. (2372 Nm)
					
		 		 	•	 	Maximum Make-up Torque	 	    60,000 ft./lbs. (81500 Nm)
					
		 		 	•	 	Maximum Brake-up Torque	 	    80,000 ft./lbs. (108500 Nm)
					
		 		 	•	 	Horizontal Adjustment	 	    60” (1542 mm)
					
		 		 	•	 	Vertical Adjustment	 	    72” (914 mm)
					
		 		 	•	 	Nominal Connection Height	 	    23” to 59” (584-1498 mm)


							
				
		 		 	Manufacturer:	 	NOV
		 		 	Country of Origin:	 	USA


							
			
	2.4	 	1	 	HYDRAULIC CATWALK
			
		 		 	Pipe Cat - PC-5-47
				
		 		 	•	 	V-Door Ramp 26’-30’
				
		 		 	•	 	SBC Amphion Controls Pipe Cat
				
		 		 	•	 	Radio Control, Pipe Cat
				
		 		 	•	 	Local Control Station
				
		 		 	•	 	50 HP HPU Unit


							
				
		 		 	Manufacturer:	 	NOV
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	PC-5-47


							
			
	2.5	 	1	 	INDEPENDENT ROTARY SYSTEM
			
		 		 	27.5” rotary table featuring a rigid box-type base, cartridge type pinion shaft assembly with roller bearings, turntable locking-dog with selection of permanent
lock in both directions. Heat treated spiral bevel ring gear and pinion. Precision alloy-steel main table ball bearing and upper thrust ball bearing, centralized oil and grease lubrication.
			
		 		 	Drive Assembly:
				
		 		 	•	 	One (1) 1150 HP continuous, 1400 HP intermittent rotary duty AC drive motor
				
		 		 	•	 	One (1) 15 HP blower, pressure switch, junction box, and RTDs


  

					
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		 		 	•	 	Space heater and encoder
				
		 		 	•	 	One (1) rotary master bushing
				
		 		 	•	 	One (1) pneumatic inertia brake system, spring release and air set
				
		 		 	•	 	One (1) torque tube driveshaft


							
				
		 		 	Manufacturer:	 	Global Energy Services or Equal
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	2.6	 	1	 	MUD BOAT
			
		 		 	One (1) mud boat complete with:
				
		 		 	•	 	Fabricated steel structure
				
		 		 	•	 	Mast dolly guides
				
		 		 	•	 	Deadline anchor mount
				
		 		 	•	 	Hydraulic mast leveling cylinders
				
		 		 	•	 	Mast guides
				
		 		 	•	 	Raising padeyes


							
				
		 		 	Mud Boat Area:	 	13.5’ x 51.6’ (approximate)
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	QDSH-1600-MB


							
			
	2.7	 	1	 	DEADLINE ANCHOR
			
		 		 	One (1) deadline anchor for use with 1-3/8” wire rope, 100,000 lb. deadline load.
			
		 		 	Note: Deadline Anchor is mounted on the Mud Boat.


							
				
		 		 	Manufacturer:	 	Hercules
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	HA-131T


							
			
	2.8	 	1	 	HYDRAULIC POWER UNIT (HPU)
			
		 		 	HPU system is complete with the following:
				
		 		 	•	 	Oilfield type skid, 10’ wide x 40’ long (approximate) with loading hitches
				
		 		 	•	 	High pressure piping
				
		 		 	•	 	Low pressure piping
				
		 		 	•	 	Lighting fixtures
				
		 		 	•	 	Air supply line
			
		 		 	HPU package is supplied complete with:
				
		 		 	•	 	One (1) 75 HP electric motor driven hydraulic pump
				
		 		 	•	 	One (1) 4-cylinder diesel driven portable power unit
				
		 		 	•	 	One (1) 50 gallon fuel tank


  

					
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		 		 	Unitized complete with:
				
		 		 	•	 	Commercial Shearing gear pumps
				
		 		 	•	 	All necessary valves, hoses, fittings, quick disconnects
				
		 		 	•	 	Valve bank for substructure, driller’s cabin and equipment skid elevation
				
		 		 	•	 	One (1) 1200 gallon reservoir tank
			
		 		 	Unit also supplies the hydraulic power for mast raising / lowering and operation of the drill line spooler.
			
	2.9	 	1	 	STANDPIPE ASSEMBLY
			
		 		 	5” single standpipe assembly with clamps installed on off-driller’s side to include weld type unions with schedule XXH piping.
			
	2.10	 	1	 	STANDPIPE MANIFOLD ASSEMBLY
			
		 		 	5” 5,000 lb. WP standpipe manifold assembly with:
				
		 		 	•	 	Connections for one (1) 2” 5000 PSI pressure gauge
				
		 		 	•	 	One (1) 2” 5000 PSI kill/fill line
				
		 		 	•	 	Two (2) 2” welded connections for mud pump sensors
				
		 		 	•	 	Welded type unions and schedule XXH piping to be utilized
			
	2.11	 	1	 	ROTARY HOSE
			
		 		 	4” full bore ID x approximately 65’ (75’ with top drive) 5000 PSI working pressure coupled with Fig. 1002 connections on each end.
			
	2.12	 	1	 	50MT BOP HANDLING SYSTEM
			
		 		 	One (1) 50MT pneumatic BOP handling system complete with:
				
		 		 	•	 	Two (2) 25 metric ton air powered hoists
				
		 		 	•	 	Air powered trolleys
				
		 		 	•	 	17’ lift
			
	2.13	 	1	 	FLOW LINE
			
		 		 	10” Flowline from the bell nipple to the shaker.
			
	2.14	 	12	 	PIPE RACKS
			
		 		 	18” high x 28’ long triangular pipe racks composed of:
				
		 		 	•	 	4” pipe
				
		 		 	•	 	3/4” plate legs
			
	2.15	 	2	 	HYDRAULIC WINCH
			
		 		 	PD-12C hydraulic drill floor service winches.
				
		 		 	•	 	Planetary type hydraulic winch


  

					
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		 		 	•	 	Power in and power out
				
		 		 	•	 	Automatic fail safe brake
				
		 		 	•	 	Includes all piping for the handling winches
				
		 		 	•	 	335’ of 9/16” wireline
				
		 		 	•	 	Maximum pull 8300# mean, 12000# bare drum
			
	2.16	 	1	 	MANRIDER WINCH
			
		 		 	Ingersoll-Rand Manrider air winch
			
		 		 	Personnel rating: 500 lbs.
			
	2.17	 	1	 	WIRELINE UNIT
			
		 		 	One (1) Five Star Wireline Unit complete per the following:
				
		 		 	•	 	Lightweight sturdy construction
				
		 		 	•	 	Single lift frame and forklift pockets
				
		 		 	•	 	Skid base has provision for easy mounting on drill floor
				
		 		 	•	 	Guards on all rotating parts
				
		 		 	•	 	Drum capacity: 15,000 feet of 0.092” wireline
				
		 		 	•	 	Hydraulic transmission and heavy duty hydraulic motor
				
		 		 	•	 	High performance dual drum brake


									
			
	2.18	 	1	 	MAST DOLLY AND DRILL LINE SPOOLER
			
		 		 	One (1) four axle mast dolly complete with integrated drill line spooler to include 5,000’ of 1-3/8” EIPS drill
line.


							
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	GES-QDSH-MD


							
			
		 		 	SECTION 3
			
	3.0	 		 	MUD SYSTEMS, UNITIZATION & ACCESSORIES
			
		 		 	Mud pumps, unitization and accessories is to be supplied per the following:
			
	3.1	 	2	 	MUD PUMP
			
		 		 	Single acting triplex 1600 HP mud pump complete with the following:
			
		 		 	Fully enclosed welded steel plate frame power end, double helical gears, double extended pinion shaft, self-aligning spherical main and pinion shaft bearings, roller
bearings at crank and crosshead end of connecting rods, shim-adjustable and replaceable crosshead guide, oil-bath and positive flow lubrication systems, electric motor-driven, external circulating
lube


  

					
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		 		 	oil pump and filter with ac motor, oil gauge and associated piping. Fluid-end modules, suction and discharge manifold included. Liner flushing pump and reservoir
includes AC electric motor, piping, manifold and hose. Companion flange for suction manifold 8” suction strainer.


							
				
		 		 	Manufacturer:	 	BOMCO
		 		 	Country of Origin:	 	China
		 		 	Model Number:	 	1600 HP


							
			
	3.2	 	2	 	AC DRIVE MOTORS
			
		 		 	One (1) 1500 HP continuous, 1830 HP intermittent mud pump duty AC drive motor complete with:
				
		 		 	•	 	One (1) 20 HP blower
				
		 		 	•	 	Pressure switch, junction box, RTDs and space heater


							
				
		 		 	Manufacturer:	 	TBD
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	3.3	 	2	 	PUMP SKID UNITIZATION
			
		 		 	Mud Pumps will be unitized complete per the following:
				
		 		 	•	 	Structural steel three-runner skid master skid
				
		 		 	•	 	One (1) belt drive assembly with guard, belts and drive sheaves
				
		 		 	•	 	One (1) adjustable motor base plate


							
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	N/A


							
			
	3.4	 	2	 	PULSATION DAMPENER
			
		 		 	Pulsation Dampener per the following:
				
		 		 	•	 	5000 PSI maximum service pressure
				
		 		 	•	 	20 gallon surge capacity
				
		 		 	•	 	4” API 5000 ring joint connection


							
				
		 		 	Manufacturer:	 	BOMCO
		 		 	Country of Origin:	 	China
		 		 	Model Number:	 	PD-55 style


  

					
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	3.5	 	2	 	RELIEF VALVE
			
		 		 	3” relief valve, manual reset type, 1500-6000 PSI with welded connections.


							
				
		 		 	Manufacturer:	 	TBD
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	3.6	 	2	 	PRESSURE GAUGE
			
		 		 	Pressure gauge, 0-6,000 PSI range with 2” flanged connection.
			
	3.7	 	2	 	STRAINER ASSEMBLY
			
		 		 	Strainer assembly with 5” outlet.
			
	3.8	 	1	 	LOW PRESSURE MUD UNITIZATION
			
		 		 	Suction system complete for two (2) pumps as follows:
			
		 		 	Mount two (2) charging pumps on existing mud pump skid extension. Provide two (2) 8” suction lines from suction valves on one common line fed by the pill and
suction pits in the suction tank. The suction lines feed the mud pump and the supercharging pump. The charging pump discharges directly to the triplex pump.
			
		 		 	Two (2) supercharging pump assembly complete with:
			
		 		 	5 x 6 x11 centrifugal pump with mechanical seal mounted on an oilfield base type skid with coupling, OSHA compliant coupling guard and 40 HP, 1200 rpm, 480 volt,
3-phase, 60 Hz AC motor.


							
				
		 		 	Manufacturer:	 	TBD
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	3.9	 	1	 	HIGH PRESSURE MUD UNITIZATION
			
		 		 	One (1) 5” 5,000 PSI WP high pressure mud delivery system for two (2) mud pumps as follows:
			
		 		 	Provide one (1) 5” schedule XXH line complete with hammer unions at break points from mud pumps to the bottom of the substructure via vibrator hoses and schedule
XXH pipe.
			
	3.10	 	SET	 	VIBRATOR HOSES
			
		 		 	Four (4) 4” full bore ID x 12’ 5000 lb. working pressure with 5” Fig 1002 connections for connection of mud pumps to above high pressure mud
lines.
			
		 		 	SECTION 4
			
	4.0	 	1	 	LOW PRESSURE MUD SYSTEM
			
		 		 	Low Pressure Mud System complete with:
				
		 		 	•	 	One (1) self elevating equipment skid


  

					
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		 		 	•	 	One (1) mud cleaning round bottom tank
				
		 		 	•	 	One (1) suction round bottom tank
				
		 		 	•	 	One (1) mud mixing skid
				
		 		 	•	 	One (1) mud gas separator and trip tank skid
				
		 		 	•	 	Total capacity of approximately 900 BBL


							
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	4.1	 	1	 	SELF ELEVATING EQUIPMENT SKID
			
		 		 	All equipment, shakers, desilter, degasser and centrifuge are mounted on the self elevating equipment skid. The shaker sump aligns and feeds into the mud ditch on the
cleaning tank.
			
		 		 	This skid assembly is supplied complete with the following:
			
		 		 	Dual Derrick® FLC-503 / High “G” Shaker
				
		 		 	•	 	Two (2) Single Side Tensioning Systems
				
		 		 	•	 	Pyramid & Pyramid Plus Screen Technology
				
		 		 	•	 	+5° uphill to -1° downhill / hand ratchet adjustable while drilling
			
		 		 	One (1) common skid complete with:
				
		 		 	•	 	Dual integrated hopper’s for screen underflow
				
		 		 	•	 	Center trough for feeder by-pass
				
		 		 	•	 	Center walkway with galvanized serrated grating
				
		 		 	•	 	Three (3) gates for channeling flow within the trough
				
		 		 	•	 	One (1) Door for directing screen underflow from hopper’s
			
		 		 	Two (2) Weir feeder’s with common back tank complete with:
				
		 		 	•	 	Individual weir flow diverter gates
				
		 		 	•	 	One drop in weir close-off door
				
		 		 	•	 	Center by-pass with 8” ANSI flange for knife gate valve
			
		 		 	One (1) 8” Knife gate valve complete with:
				
		 		 	•	 	Cast iron body
				
		 		 	•	 	304 stainless steel gate
				
		 		 	•	 	Viton seat
				
		 		 	•	 	Hand wheel actuator
				
		 		 	•	 	Standard Hopper – for screen underflow
			
		 		 	Derrick® Desilter (Stand Alone Inline)
		 		 	Model # S-416-S
				
		 		 	•	 	Complete w/ Sixteen 4” Cones
				
		 		 	•	 	Rated at 1,280 GPM with 75’ of head
			
		 		 	Derrick® Desander (Stand Alone Vertical)
			
		 		 	Model# DSV-10-3
				
		 		 	•	 	Complete w/ Three 10” Cones
				
		 		 	•	 	Rated at 1500 GPM with 75’ of head


  

					
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		 		 	Derrick® Degasser
		 		 	Model# VACU-Flo @ 1200
				
		 		 	•	 	Vessel and Vacuum pump skid mounted
				
		 		 	•	 	Complete with Venturi and Eductor


							
				
		 		 	Manufacturer:	 	Derrick
		 		 	Country of Origin:	 	USA


							
			
	4.2	 	1	 	MUD CLEANING TANK
			
		 		 	Mud Cleaning Tank five (5) compartments as follows:
				
		 		 	•	 	Approximately 57 BBL Sand Trap compartment
				
		 		 	•	 	Approximately 91 BBL Degassing compartment
				
		 		 	•	 	Approximately 91 BBL Desilting compartment
				
		 		 	•	 	Approximately 91 BBL Desander compartment
				
		 		 	•	 	Approximately 115 BBL Centrifuge compartment
			
		 		 	The Mud cleaning tank is comprised of:
				
		 		 	•	 	Round bottom to reduce settling
				
		 		 	•	 	Solid checkered plate decking
				
		 		 	•	 	Hinged man-ways in each compartment
				
		 		 	•	 	Fold-over handrails with built-in toe plate
				
		 		 	•	 	Gated mud ditch for easy clean out
				
		 		 	•	 	Four (4) full partitions with top equalizers
				
		 		 	•	 	Four (4) 8” bottom equalizer valves
				
		 		 	•	 	Porch to accommodate desilter/desander pump
				
		 		 	•	 	Mud ditch with dump gate to each compartment
				
		 		 	•	 	Tank clean-out
				
		 		 	•	 	Mud jetting system fed off rim line
			
		 		 	The Mud cleaning tank Components comprised of:
				
		 		 	•	 	Two (2) 6 x 8 x 14 direct drive Centrifugal pumps with 11” impellers, mechanical seals each powered by a 75 HP, 480 volt, 3-phase, 60 hertz AC motor mounted on tank
porch
				
		 		 	•	 	One (1) 8” bottom equalizer with butterfly valve to suction tank
				
		 		 	•	 	One (1) 8” ditch connection to suction tank
				
		 		 	•	 	One (1) 6” mud mix line connection to suction tank
				
		 		 	•	 	One (1) 3” water line connection to suction tank
				
		 		 	•	 	One (1) 2” water inlet complete with butterfly valves for filling each tank compartment
				
		 		 	•	 	Four (4) 8” butterfly valve clean-out gates
				
		 		 	•	 	Four (4) 10 HP agitators
				
		 		 	•	 	One (1) 1” diameter x 25’ long valved water wash-down hose


  

					
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	4.3	 	1	 	SUCTION TANK
			
		 		 	Suction Tank three (3) compartments as follows:
				
		 		 	•	 	Approximately 146 BBL Pill compartment
				
		 		 	•	 	Approximately Two (2) 150 BBL Suction compartments
			
		 		 	The Suction tank is comprised of:
				
		 		 	•	 	Round bottoms to eliminate the need for mud guns and to reduce settling
				
		 		 	•	 	Solid checkered plate decking
				
		 		 	•	 	Hinged man-ways in each compartment
				
		 		 	•	 	Fold-over handrails with built-in toe plate
				
		 		 	•	 	Gated mud ditch for easy clean out
				
		 		 	•	 	Two (2) full partitions with top equalizers
				
		 		 	•	 	Two (2) 8” bottom equalizer valves
				
		 		 	•	 	Porch to accommodate two (2) mud mixing and circulation pumps
				
		 		 	•	 	Mud ditch with dump gate to each compartment
				
		 		 	•	 	Tank clean-out
			
		 		 	The Suction tank Components comprised of:
				
		 		 	•	 	Two (2) direct drive 6 x 8 x 14 centrifugal pumps: one (1) transfer and one (1) mixing with 11” impeller, mechanical seals, powered by a 75 HP, 1800 rpm, 480 volt, 3-phase, 60
Hz motor
				
		 		 	•	 	Three (3) 10 HP agitators
				
		 		 	•	 	Three (3) 8” butterfly valve clean-out gates
				
		 		 	•	 	Six (6) 6” butterfly suction valves, two (2) in each compartment for mixing system
				
		 		 	•	 	One (1) 2” water inlet complete with butterfly valves per compartment for filling compartments.
				
		 		 	•	 	One (1) 1” diameter x 25’ long valve water wash-down hose
				
		 		 	•	 	One Hull Hopper
			
	4.4	 		 	MUD MIXING SKID
			
		 		 	Mud mixing skid to include the following equipment:
				
		 		 	•	 	One (1) two-runner 10’ wide by 12’ long mud mixing skid with oilfield type hitch on each end
				
		 		 	•	 	lighting and roof
				
		 		 	•	 	two (2) 6” hoppers complete with sack table
			
	4.5	 	1	 	MUD GAS SEPARATOR & TRIP TANK
			
		 		 	Oilfield type skid combination to include the Mud Gas Separator, Choke & Kill Manifold to be comprised of the following:
			
		 		 	Mud Gas Separator:
				
		 		 	•	 	Each skid to be 3-runner, 8’ wide x 20’ long (approximately)


  

					
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		 		 	•	 	One (1) 1200gpm mud gas separator, 48” diameter and 16’ overall length
				
		 		 	•	 	Inlet to be 6” diameter
				
		 		 	•	 	Outlet to be 8” diameter
				
		 		 	•	 	Vent line to be 8” diameter
				
		 		 	•	 	Inspection hatch to be 20” diameter
				
		 		 	•	 	Hydraulically raised
				
		 		 	•	 	Unit also includes integrated piping
			
		 		 	Trip Tank:
			
		 		 	One (1) approximately 100 BBL trip tank complete with two (2) 2x3x13 centrifugal pumps with 11” impellers with direct drive pumps with mechanical seals powered by
25 HP, 1800 RPM, 480 volt 3-phase, 60 Hz AC motors and provisions for remote start/stop from drill floor. Manual line-of-sight markers inside tank to gauge fluid level.
			
		 		 	Choke & Kill Manifold Mounting:
				
		 		 	•	 	Manifold Consisting of:
				
		 		 		 	5 Way Cross 4 1/8” 5,000wp x 4 1/18” 5,000wp x 2 1/16”
		 		 		 	5,000wp x 2 1/16” 5,000wp x 2 1/16” 5,000wp
		 		 		 	Manual Gate Valve, 4 1/8” 5,000wp Cameron Type
		 		 		 	FC w/ Handwheels
		 		 		 	Manual Gate Valve, 2 1/16” 5,000wp Cameron Type
		 		 		 	FC w/ Handwheels
		 		 		 	Adjustable Choke, Cameron H2, 2 1/16” 5,000wp
		 		 		 	Inlet x Outlet
		 		 		 	Adjustable Choke, Cameron H2, 2 1/16” 5,000wp
		 		 		 	Inlet x Outlet
		 		 		 	Companion Flange, 4 1/8” 5,000wp x 3” LP
		 		 		 	Spacer Spool, 2 1/16 5,000
		 		 		 	Buffer Tank, 9” OD x 7” 4130 75k Yield W/3-
		 		 		 	2 1/16” 5,000 extended flanged outlets
		 		 		 	Ring Gasket R-24
		 		 		 	Set Studs 7/8” x 6” B-7 W/2 nuts ea. (8 per set)
		 		 		 	Hydraulic Gate Valve, 4 1/8 5,000 Cameron Type
		 		 		 	Check Valve, 2 1/16 5M Type R
			
	4.6	 	1	 	JUNK BOX SKID WITH KOOMEY UNIT MOUNTS


  

					
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		 		 	SECTION 5
			
	5.0	 	1	 	POWER, AC DRIVE AND CONTROL SYSTEM
			
		 		 	GES, Power & AC Control system including the following:
			
	5.1	 	3	 	DIESEL ENGINES
			
		 		 	Caterpillar D-3512C SCAC diesel electric land engine rated at 1476 HP @ 1200 rpm, including:
			
		 		 	Updraft Radiator, rated 55°C, for engine jacket water and after cooler, blower fan, fan drive, fan pulleys, belt guard, water connections, fan guard, core guard and
fuel cooler.


							
				
		 		 	Manufacturer:	 	Caterpillar
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	3512C


							
			
	5.2	 	3	 	GENERATORS
			
		 		 	867 Frame, 2 Bearing, 1750 kVA, 600v, 60 Hertz, 0.7 p.f., form wound with Class H insulation, 1200 rpm, includes: space heater, bus bar and cable extension
box.


							
				
		 		 	Manufacturer:	 	Kato or Caterpillar
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	5.3	 	3	 	GENERATOR SKID UNITIZATION
			
		 		 	Oilfield type skid assembly to accommodate the engine, generator, radiator, compressor, dryer, cold start, and receiver, built as follows:
			
		 		 	Oilfield skid base, 18” wide flange, primary runners with 6” pipe ends oil field type hitch at each end with integrated step, 10’ wide x 31’ 6”
long roof (curved design) access ladder to roof, fuel and air piping with unions for connection of the engines and between skids, and pancake-style mufflers (mounted under roof).
			
		 		 	Est. Dimensions: 10’ wide x 40’


							
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	5.4	 	2	 	COMPRESSOR
			
		 		 	Sullair 1809, Rotary Screw compressor complete per the following:
				
		 		 	•	 	25 HP
				
		 		 	•	 	Capacities from 106 acfm
				
		 		 	•	 	Pressures from 125 psig


  

					
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		 		 	•	 	Insulated intake and exhaust louvers
				
		 		 	•	 	High efficiency centrifugal Fan
			
	5.5	 	1	 	AIR DRYER
			
		 		 	One (1) Gardner Denver RNC-125 or equal refrigerated air dryer.
			
	5.6	 	1	 	COLD START
			
		 		 	One (1) Gardner Denver HDRS-3 or equal cold start complete with 9 HP Lombardini or equal Diesel, 16.5 CFM @ 125 psig.
			
	5.7	 	2	 	AIR RECEIVER
			
		 		 	Air receiver, 240 gallon with pressure relief valve, gauge and piping.
			
	5.8	 	1	 	POWER & AC CONTROL HOUSE
			
		 		 	GES Power & Control House designed to operate the following:
				
		 		 	•	 	Three (3) Caterpillar D-3512C SCAC diesel electric land engine rated at 1476 HP @ 1200 rpm, with 1750 kVA, 600 volt, 60 hertz generators
				
		 		 	•	 	One (1) 1600 HP GES Drawworks (DW) with one (1) 1500/1830 HP AC traction motor
				
		 		 	•	 	One (1) 800 HP Rotary Table (RT) with one (1) 1150/1500 HP AC traction motor
				
		 		 	•	 	One (1) 800 HP Top Drive (TD) with one (1) 800 HP AC traction motor
				
		 		 	•	 	Two (2) 1600 HP Mud Pumps (MP) with one (1) 1500/1830 HP AC traction motor each
			
		 		 	One (1) approximately 12’ wide x 11’6” high Power/Control House with two (2) 10-ton air conditioning systems containing three (3) Generator Cubicles
including:
				
		 		 	•	 	Synchronizing System
				
		 		 	•	 	Ground Fault Detection System
				
		 		 	•	 	Diesel Engine Battery System
				
		 		 	•	 	Power Limit Circuit
				
		 		 	•	 	Woodward Generator control modules
			
		 		 	Two (2) 3200A, 3-phase Diode Converters
		 		 	Two (2) 1200 HP (Dual 600 HP) Variable Frequency Drives, 4 Quadrant PWM Inverter for RT & TD
		 		 	Three (3) 1600 HP (Dual 800 HP) Variable Frequency Drives, 4 Quadrant PWM Inverter for DW, MP1, and MP2.
		 		 	Two (2) 800ADC, 940VDC, Dynamic Brake Chopper (for DC Bus Over Voltage Protection)
			
		 		 	Siemens S7-300 PLC system contains the following:
				
		 		 	•	 	CPU module
				
		 		 	•	 	I/O modules
				
		 		 	•	 	Communication modules
				
		 		 	•	 	Interfaces to all the control system components
			
		 		 	One (1) HMI station with manual redundant communications Interface between the VFD


  

					
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		 		 	Control House and Driller’s Cabin
		 		 	One (1) lot Software design, configuration and programming of PLC and HMI
		 		 	One (1) 1250A Feeder Breaker for 1000 kVA, 600-480v transformer
		 		 	One (1) 150A Feeder Breaker for 112.5 kVA Lighting transformer
		 		 	Nine (9) Sections of 480 VAC, Motor Control Center (MCC) & Distribution
		 		 	One (1) 120/208v, Lighting Panel
		 		 	One (1) Plug Panel Section for Output Power & Control
		 		 	One (1) Lot Generator Input Windows with bus & lug connections
		 		 	One (1) 1000 kVA, 600-480v, MCC Transformer
		 		 	One (1) 112.5 kVA, 480-208/120v Lighting Transformer
		 		 	Two (2) 3200A AC Reactors
			
	5.9	 	1	 	CAMP TRANSFORMER
			
		 		 	Camp Transformer, 112.5 kVA, 480-120/208 volt mounted on skid.
			
		 		 	Distribution box containing one (1) main breaker box and six (6) 100 amp receptacles to feed six (6) trailers.
			
		 		 	Transformer to receive power from the VFD house via one (1) run of cable from VFD control house to transformer incoming power
box.


							
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	


							
			
	5.10	 	1	 	DRILLER’S CABIN/PARTS ROOM
			
		 		 	12’ wide x 28’ long x 7’ clear ceiling height with 3’ porch on one (1) end. Driller’s cabin walls are fabricated of 12-gauge insulated panels
and the crimp wall parts room is open to the drill floor. Parts room to be fully enclosed with viewing windows similar to driller’s cabin.
			
		 		 	Driller’s Cabin House includes:
				
		 		 	•	 	Two (2) personnel doors
				
		 		 	•	 	One (1) side walkway
				
		 		 	•	 	One (1) air conditioner
				
		 		 	•	 	Three (3) interior lights
				
		 		 	•	 	Removable transportation covers
			
		 		 	Parts Room includes:
				
		 		 	•	 	One (1) set of shelves
				
		 		 	•	 	One (1) work bench
				
		 		 	•	 	Two (2) interior lights
				
		 		 	•	 	Two (2) 110 outlets
			
		 		 	Driller’s cabin/tool room is to be unitized with master skid and will be elevated to drill floor height by hydraulic cylinders.


  

					
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		 		 	One raising skid to accommodate driller’s cabin and parts room designed elevate to the substructure level.
			
		 		 	Controls and indicators located on the operation consoles include:
			
		 		 	Three (3) Hand Throttles:
				
		 		 	1.	 	Mud Pump 1
				
		 		 	2.	 	Mud Pump 2
				
		 		 	3.	 	Rotary Table
			
		 		 	One (1) Joystick for Drawworks
			
		 		 	Seven (7) Selector Switches:
				
		 		 	1.	 	Mud Pump 1 “ON – OFF”
				
		 		 	2.	 	Mud Pump 2 “ON – OFF”
				
		 		 	3.	 	Drawworks “ON – OFF”
				
		 		 	4.	 	Rotary Table “Reverse-Off-Forward”
				
		 		 	5.	 	Rotary Table Brake “ON-OFF”
				
		 		 	6.	 	Drawworks “Slow-Normal”
				
		 		 	7.	 	Drawworks Hydraulic Brake “Park-Auto”
			
		 		 	Two (2) Analog Gauges:
				
		 		 	1.	 	Hook Load
				
		 		 	2.	 	Rotary Torque
			
		 		 	One (1) Potentiometer for Rotary Table Torque Limit
		 		 	One (1) Momentary Pushbutton for “Drawworks Limit Override”
			
		 		 	Two (2) Pushbuttons:
				
		 		 	1.	 	Rig HPU “Start-Stop & ON light”
				
		 		 	2.	 	Trip tank “Start-Stop & ON light”
			
		 		 	Two (2) Emergency Shutdown pushbuttons:
				
		 		 	1.	 	Power/Control House emergency shutdown (VFD’s Shutdown)
				
		 		 	2.	 	Drawworks emergency shutdown (Drawworks VFD Shutdown)
			
		 		 	Two (2) HMI stations with touch screens will provide controls, status monitoring, data acquisition and management for the following:
				
		 		 	•	 	Drawworks
				
		 		 	•	 	Mud pumps
				
		 		 	•	 	Auto driller
				
		 		 	•	 	Crown floor stops
				
		 		 	•	 	Rotary table
				
		 		 	•	 	Drives
				
		 		 	•	 	Top drive
				
		 		 	•	 	Alarms/shutdowns
				
		 		 	•	 	System data


  

					
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		 		 	The indicators and controls displayed on the HMI screen will include:
			
		 		 	 1.      Generators

			
		 		 	 a.      Run / Stop

			
		 		 	 b.      Online / Offline

			
		 		 	 c.      KW, kVA, VOLTS, Hz

			
		 		 	 d.      RUN TIME

			
		 		 	 2.      Mud Pumps

			
		 		 	 a.      Digital/Analog control

			
		 		 	 b.      Pump pressure max set point

			
		 		 	 c.      Strokes set point

			
		 		 	 d.      On/off status

			
		 		 	 e.      Make Connection Pause

			
		 		 	 3.      Drawworks

			
		 		 	 a.      Crown Floor Stops

			
		 		 	 b.      Block Position

			
		 		 	 c.      HI/LOW speed

			
		 		 	 d.      Park Brake

			
		 		 	 e.      Power Limit

			
		 		 	 4.      Auto Driller

			
		 		 	 a.      Weight on Bit

			
		 		 	 b.      Rate of Penetration

			
		 		 	 c.      Hook load

			
		 		 	 5.      Rotary Table

			
		 		 	 a.      Torque Set point

			
		 		 	 b.      Actual Torque

			
		 		 	 c.      Speed (RPM)

			
		 		 	 d.      Automatic Torque Release

			
		 		 	 e.      Park Brake

			
		 		 	 6.      Drives

			
		 		 	 a.      On/off status

			
		 		 	 b.      MAX RPM

			
		 		 	 c.      Actual rpm

			
		 		 	 d.      Voltage

			
		 		 	 e.      Current

			
		 		 	 f.       KW

			
		 		 	 g.      Torque

			
		 		 	 7.      Alarms

			
		 		 	 a.      Drive lockouts

			
		 		 	 b.      Motor Overtemp

			
		 		 	 c.      Blower / Auxiliary Equipment Fault

			
		 		 	 d.      Crown Floor Exceeded

			
		 		 	 e.      Bearing oil Pressure Failure

			
		 		 	 f.       Brake Limit Switch Fault

			
		 		 	 g.      Over speed Fault



  

					
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		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	


					
			
	5.11	 	1	 	GES ELECTRONIC DRILLER
			
		 		 	One (1) GES Electronic Driller controls the drilling operation by utilizing the regenerative ability of the AC Drawworks. The electronic driller provides weight on bit (WOB), rate
of penetration (ROP), Rotary torque control and monitoring.


							
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	ED1600


					
			
		 		 	SECTION 6
			
	6.0	 		 	HOUSES, TANKS & MISCELLANEOUS
			
		 		 	System equipment, Houses and Tanks complete per the following:
			
	6.1	 	1	 	TOOL HOUSE SKID ASSEMBLY
			
		 		 	10’ wide x 32’ long three-runner oilfield type skid with loading hitches 28’ long parts room complete
with:


							
				
		 		 	•	 	Two (2) Open shelves
				
		 		 	•	 	One (1) Work bench
				
		 		 	•	 	Two (2) Lights
				
		 		 	•	 	One (1) Plug Panel
				
		 		 	•	 	Three (3) Electrical outlets
				
		 		 	•	 	Two (2) 66” Sliding doors on either side
				
		 		 	•	 	One (1) Manway door


					
			
	6.2	 	1	 	DRILL WATER TANK
			
		 		 	500 BBL round water tank with:


							
				
		 		 	•	 	3” water line to suction tank.
				
		 		 	•	 	One (1) 5’ porch (approximate)
				
		 		 	•	 	Two (2) 2 x 3 x 13 centrifugal pump each powered by a 25 HP, 1800 rpm, 480 volts, 3-phase, 60 Hz AC motor.


					
			
	6.3	 	1	 	DIESEL FUEL TANK
			
		 		 	500 BBL Cylindrical Diesel tank with:


							
				
		 		 	•	 	Two (2) Roper AMD 27 pumps each with 3 HP, 1800 rpm, 480 volt, 3-phase, 60 Hz AC motor
				
		 		 	•	 	One (1) 5’ porch (approximate)
				
		 		 	•	 	2” fuel line


  

					
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	 ITEM
	 	 QTY
	 	 DESCRIPTION

			
		 		 	SECTION 7
			
	7.0	 		 	RIG UP, TEST, RIG DOWN
			
		 		 	Is all inclusive of all labor and facilities to complete per the following per GES standard:
			
	7. 1	 	1	 	STRUCTURAL & MECHANICAL
			
		 		 	The Mechanical Rig-up is based on GES standard practice and scope of supply and is to include the following:
				
		 		 	•	 	Set and assemble mast and substructure
				
		 		 	•	 	Install all flooring and handrails
				
		 		 	•	 	Install stairs and v-door
				
		 		 	•	 	Set and align rotary table
				
		 		 	•	 	Set and align Drawworks
				
		 		 	•	 	Set driller’s cabin/tool house skid assembly
				
		 		 	•	 	Install mast accessories (racking board, etc.)
				
		 		 	•	 	String up traveling block
				
		 		 	•	 	Set and align mud pumps
			
		 		 	Set and align equipment including:
				
		 		 	•	 	Mud system
				
		 		 	•	 	Water tank
				
		 		 	•	 	Fuel tank
				
		 		 	•	 	Driller’s Cabin
				
		 		 	•	 	BOP Closing unit
				
		 		 	•	 	Catwalk
			
		 		 	Provide pipe, fittings, hoses and valves for following accessory systems:
				
		 		 	•	 	Water system that provides water supply to rig floor wash down
				
		 		 	•	 	Fuel system that provides fuel to feed and return lines from fuel tank to generator sets
				
		 		 	•	 	Air system that provides air supply for accumulator unit and rig floor air manifold
				
		 		 	•	 	Transportation tie-down “D” rings every 10’-0” or where possible
			
		 		 	Provide hose connections from rig floor air manifold and other floor tools.
		 		 	Provide air supply to generator set engine starters.
			
		 		 	Provide and install the following miscellaneous items:
				
		 		 	•	 	Two (2) hydraulic hoist mounts
				
		 		 	•	 	Tong back-up post
				
		 		 	•	 	Hose hobbles for vibrator hoses
			
	7.2	 	1	 	ELECTRICAL
				
		 		 	•	 	All electrical will conform to GES standard guidelines.
				
		 		 	•	 	Provide and install two (2) mast light strings with fluorescent light fixtures and obstruction light.
				
		 		 	•	 	Provide and install rig lighting package consisting of fluorescent and metal halide light fixtures for rig floor, mud tanks, utility skids, substructure and
doghouse.
				
		 		 	•	 	Provide and install power and control cable for generators, AC motors, driller’s console and all related functions indicated in this
proposal.


  

					
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	 ITEM
	 	 QTY
	 	 DESCRIPTION

			
	7.3	 	1	 	TESTING
			
		 		 	Testing will be per GES standard for all the GES supplied equipment will include the following:
				
		 		 	•	 	Fill mud tanks with water
				
		 		 	•	 	Provide lube products to all machinery
				
		 		 	•	 	Circulate water throughout mud system
				
		 		 	•	 	Run air compressors
				
		 		 	•	 	Mud pump test for maximum of four (4) hours at 3000 PSI
				
		 		 	•	 	Run all solids control equipment
				
		 		 	•	 	Load test generators
				
		 		 	•	 	Run all generator sets in parallel
				
		 		 	•	 	Test all VFD assignments
			
	7.4	 	1	 	PROJECT MANAGEMENT
			
		 		 	Project Management services includes the following:
				
		 		 	•	 	Management of the interface between products supplied
				
		 		 	•	 	Technical coordination
				
		 		 	•	 	Scheduling
				
		 		 	•	 	Proactive problem identification and resolution
				
		 		 	•	 	Contract administration
				
		 		 	•	 	Coordination and assistance
				
		 		 	•	 	Regular project status reporting and planning/scheduling of equipment installation and commissioning.
			
		 		 	A GES Project Manager provides the customer with one central point of communication and insures that all design specification, manufacturing, and delivery schedules
are maintained.
			
		 		 	SECTION 8
			
	8.0	 		 	TRAINING, COMMISSIONING, DOCUMENTATION AND MANUALS
			
	8.1	 	1	 	TRAINING
			
		 		 	GES will provide rig up and rig down training during the last two weeks of the project and during final assembly of the rig. GES will also provide training for the
following items during the last four to six weeks of the project at GES facility up to 10 people:
				
		 		 	•	 	Electronic Driller Operation
				
		 		 	•	 	Generator Controls Operation and Maintenance
				
		 		 	•	 	VFD Controls and Maintenance
				
		 		 	•	 	Mud System Operation
				
		 		 	•	 	Mast & Substructure Operation and Maintenance
				
		 		 	•	 	HPU Operation and Maintenance
				
		 		 	•	 	Drawworks Operation and Maintenance


  

					
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	 ITEM
	 	 QTY
	 	 DESCRIPTION

			
	8.2	 	1	 	COMMISSIONING & FIELD TRAINING
				
		 		 	•	 	One (1) electrical commissioning technician will be available for a total of fourteen (14) days, and
				
		 		 	•	 	One (1) mechanical commissioning technician will be available for a total of ten (10) days at the rig up site.
			
		 		 	Travel and per diem will be charged at cost. An extension of the support will be charged per GES applicable service rate sheet.
			
	8.3	 	1	 	GES STANDARD DOCUMENTATION
			
		 		 	Global Energy Services Standard Data Book to include the following sections, as applicable:
				
		 		 	a.	 	Complete list of serial numbers for all serialized equipment
				
		 		 	b.	 	GES Certificate of Conformance for these items:
					
		 		 		 	•	  	Mast
					
		 		 		 	•	  	Crown
					
		 		 		 	•	  	Substructure
					
		 		 		 	•	  	Drawworks
					
		 		 		 	•	  	Traveling Block
					
		 		 		 	•	  	Rotary Table
				
		 		 	c.	 	GES Certificate of Compliance for completed rig
			
	8.4	 	1	 	OPERATION & MAINTENANCE MANUAL
			
		 		 	Operation and Maintenance manuals, three (3) hard copies and one (1) electronic copy. A recommended spares list for one year of operation will be
provided.
			
		 		 	TOTAL ONE (1) RIG EX-WORKS GES PLANT, HOUSTON, TEXAS LESS EXPORT PACKING AND BOXING
			
		 		 	Delivery: Global Energy Services reserves the right to re verify the quoted delivery at time of order placement based upon existing backlog, signed approved drawings
and the material procurement situation. All items are subject to prior sale. The customer shall be advised of delivery following GES receipt of the signed approved purchase agreement and the deposit.


  

					
	QUICKSILVER® DRILLING SYSTEM	 	QDSH-1600	 	PAGE 25 of 25
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 Exhibit C 
 Documentation 
 Seller shall provide to Buyer within 45 days after the Ex Works delivery of
Rig in accordance with the provisions of Article 3 of this Contract the following Documentation: 
 Standard Data Book to include the following
sections as applicable 
  

	•	 	 Complete list of serial numbers for all serialized equipment 



 

	•	 	 GES Certificate of Conformance for the following: 


  

	 	•	 	 Mast 


  

	 	•	 	 Crown 


  

	 	•	 	 Substructure 


  

	 	•	 	 Drawworks 


  

	 	•	 	 Traveling Block 


  

	 	•	 	 Rotary Table 


  

	•	 	 GES Certificate of Compliance for compete rig 


 Operations and Maintenance manuals, two (2) hard copies and one (1) electronic copy 

Recommended spares list for one year of operations 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 Exhibit D 
 Rig Acceptance Certificate 
 DATE:
        /    /         
  

			
	LOCATION:	  	 11616 North Galayda Street
  

Houston, Texas 77086
  
 USA


 DESCRIPTION OF WORK: In accordance with Exhibit B 
 This certifies that the above described GESO Drilling Rig and associated equipment has been rigged up and tested in conformity with the scope of work described in Exhibit B of the Drilling Rig Contract
dated November 23, 2011, between Global Energy Services Operating, LLC and Independence Contract Drilling, LLC. 
  

			
	ACCEPTED:
	
	INDEPENDENCE CONTRACT DRILLING, LLC
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  



  
 Domestic Drilling Rig
Contract (DRC 04-2010) 









					
	



	 	Exhibit E	 	

  

CHANGE ORDER FORM 

  

					
		 	CUSTOMER:	 	
			
		 	JOB NO.:	 	
			
		 	CHANGE NO.:	 	
			
		 	PROJECT:	 	
			
		 	ORIGINAL PO NO.:	 	
			
		 	NEW PO NO. (IFREQ.):	 	
			
		 	Rates subject to change without notice	 	

  

					
	ITEM	  	DESCRIPTION	 	SUBTOTAL
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 


			
	 	 
	PRICE CHANGE:	  	 
	 	 
	DELIVERY CHANGE:	  	 


							
	 	 
	GESO AUTHORIZATION (COO
only)	 	CUSTOMER AUTHORIZATION
	 	 	 	 
	Print Name:    
	 	 	 	Print Name:  	  	 
	 	 	 	 
	Signature:    
	 	 	 	Signature:  	  	 
	 	 	 	 
	Date:    	 	 	 	Date:  	  	 


  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 Exhibit F 
 Representation of Authorization 
 The following identified individuals may negotiate and
execute a modification of the terms of this Contract: 
  

			
	SELLER:	  	Global Energy Services Operating, LLC
		
		  	Anyone of the following:
		
		  	Mike Stansberry
		
		  	Chris Ruffner
		
	BUYER:	  	Independence Contract Drilling, LLC
		
		  	Any two of the following (two approvals required):
		
		  	Byron Dunn
		
		  	Jay Mitchell
		
		  	Steve Hale

 The Parties may from time to time change the above designations by written notice given in accordance with the Notice
provisions of this Contract. 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 Exhibit G 
 Required Insurance 
 1. Seller: During the performance of this Contract, Seller
shall maintain, at its own cost and expense, the following policies of insurance and shall provide certificates of insurance to Buyer: 
  

	 	(a)	Worker’s Compensation and Employer’s Liability Insurance in accordance with applicable statutory requirements; and 


 

	 	(b)	Protection and Indemnity, or its equivalent, including Employer’s Liability, Comprehensive General Liability or similar coverage insuring the liabilities and
obligations assumed by Seller under this Contract, including Broad Form Contractual Liability coverage, with limits of not less than USD$5,000,000 for bodily injury per occurrence and USD$1,000,000 for property damage per occurrence, with excess
liability limits of USD$10,000,000. 

 All such insurance policies shall be obtained from insurance companies authorized to
conduct business under the laws of the State of Texas, United States of America. 
 2. Buyer: During the performance of this Contract,
Buyer shall maintain, at its cost and expense, the following policies of insurance shall provide certificates of insurance to Seller: 
  

	 	(a)	Worker’s Compensation or any equivalent coverage required by any applicable laws; and 


 

	 	(b)	Protection and Indemnity, or its equivalent, including Employer’s Liability, Comprehensive General Liability or similar coverage insuring the liabilities and
obligations assumed by Buyer under this Contract, including Broad Form Contractual Liability coverage, with limits of not less than USD$5,000,000 for bodily injury per occurrence and USD$1,000,000 for property damage per occurrence, with excess
liability limits of USD$10,000,000. 

 All such insurance policies shall be obtained from insurance companies authorized to
conduct business in the applicable jurisdiction(s) or other qualified and licensed insurance companies. 
 3. Naming, Waiving Subrogation,
and Notices: The insurance policies described in Sections 1 and 2 above shall, either on the faces thereof or by appropriate endorsement: 
  

	 	(a)	as to the insurance specified in Sections 1(b) and 2(b), name the other Party and the other Party’s affiliates as additional insured to the extent of the indemnity
obligations assumed by the primary insured Party pursuant to the terms of this Contract, and provide that payments there under shall be made to the extent that their respective interests may appear; 


 

	 	(b)	provide that they shall not be cancelled or their coverage reduced except upon 10 days prior written notice to the other Party; and 


 

	 	(c)	contain waiver of subrogation provisions pursuant to which the insurer waives all express and implied rights of subrogation against the other Party and the other
Party’s affiliates arising out of, resulting from, or in any way attributable to this Contract, whether occasioned by the acts, omissions, sole negligence or concurrent negligence of the other Party or the other Party’s affiliates in
connection therewith, Buyer and Seller hereby waiving any rights to subrogate against each other. 

 4. Miscellaneous:

 (a) The failure of either Party to provide adequate insurance shall in no way reduce or offset the indemnity obligations set forth in
this Contract. 
 (b) All deductibles on the policies are for the account of the Party obtaining the insurance. 

Certificates of insurance evidencing the above referenced insurance shall be provided by the Parties upon written request; provided, however, that Buyer
shall provide Seller with the appropriate certificates relating to §2(b) above prior to Buyer sending its representatives to Seller’s facility in Houston, Texas, United States of America, whether Seller has requested such certificate or
not; and provided further, that Seller shall not be required to send any of its representatives to Buyer’s facility until Seller receives the required certificates of insurance and any such delay created by the failure to timely provide the
necessary insurance certificate shall be a permitted delay as to Seller. 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 Annex I 
 Contingent Bonus 
 General Statement. 

Buyer and Seller acknowledge and agree that the Sales Price under this Contract represents the cost of manufacture of the subject rig, without any markup
for profit margin. It is understood that Seller is willing to enter into this “cost-only” contract in consideration of Buyer agreeing to pay to Seller the Contingent Bonus as further described and calculated hereunder. Seller understands
that no Contingent Bonus will be due and payable hereunder in the event the transactions contemplated by that certain Asset Contribution and Share Subscription Agreement dated as of November 23, 2011 (the “Contribution
Agreement”), executed by Seller, Buyer and the Independence Contract Drilling, Inc. (the “Company”), are consummated. 

Payment of Contingent Bonus. 
 In the
event the Company fails to consummate the transactions contemplated by the Contribution Agreement, upon the liquidation of Buyer’s assets and distribution of such assets to Buyer’s members, Buyer shall promptly determine whether a payment
of a Contingent Bonus is due to Seller hereunder, and if such a payment is due, shall make such payment to Seller at substantially the same time as such liquidating distribution is made to Buyer’s members. 

Notwithstanding anything contained herein to the contrary, no Contingent Bonus shall be due and payable until each holder of Class A Units of Buyer
shall have received the return of their “Preferred Capital Value”, “Preferred Unpaid Yield” and “Preferred Unreturned Capital Value” (as such terms are defined in the Buyer’s Company Agreement (defined below)).

 Calculation of Contingent Bonus. 
 The “Contingent Bonus” shall mean an amount to be paid to Seller, if and only if the Triggering Events occur, out of certain of the Net Liquidation Proceeds, which Contingent Bonus shall
be determined and paid as follows: 
 (i) First, Buyer shall distribute to the Class A Members, out of the
Net Liquidation Proceeds, all amounts required to be distributed under Sections 7.5(a) and 7.5(b) of Buyer’s Company Agreement; 
 (ii) Second, Buyer shall pay to Seller and distribute to the Class B Members all of the remaining Net Liquidation Proceeds in accordance with the Pre-Payout Percentages (defined below), until an aggregate
amount equal to the Payout Amount has been paid to Seller and distributed to the Class B Members; and 
 (iii)
Third, Buyer shall distribute to the Class A Members and the Class B Members and pay to Seller any and all remaining Net Liquidation Proceeds in accordance with the Post-Payout Percentages. 

Definitions. 
 (a)
“Buyer’s Capital Contributions” shall mean the aggregate amount of all capital contributions made by the Class A Members to Buyer as of and prior to December 15, 2011. 

(b) “Buyer’s Company Agreement” shall mean that certain Amended and Restated Limited Liability Company Agreement of
Independence Contract Drilling, LLC. 
 (c) “Class A Members” shall mean the Class A Members of Buyer.

 (d) “Class B Members” shall mean the Class B Members of Buyer. 

(f) “Denominator” shall mean the sum of (i) Buyer’s Capital Contributions, plus (ii) Seller’s Base
Bonus, plus (iii) $2,000,000. 
 (g) “Net Liquidation Proceeds” shall mean the net proceeds realized by
Buyer from the liquidation of all of Buyer’s assets and the satisfaction of all of Buyer’s liabilities (except for the payment of the Contingent Bonus and the return of capital to the Class A Members and the Class B Members).

 (h) “Payout Amount” shall mean the aggregate sum of the Seller’s Base Bonus, plus $2,000,000.

 (i) “Post-Payout Percentages” shall mean, (i) with respect to the Class A Members, the percentage
determined by dividing Buyer’s Capital Contributions by the Denominator, (ii) with respect to Seller, the percentage determined by dividing Seller’s Base Bonus by the Denominator, and (iii) with respect to the Class B Members,
the percentage determined by dividing $2,000,000 by the Denominator. 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 (j) “Pre-Payout Percentages” shall mean, (i) with respect to Seller,
the percentage determined by dividing the Seller’s Base Bonus by the Payout Amount, and (ii) with respect to the Class B Members, the percentage determined by dividing $2,000,000 by the Payout Amount. 

(k) “Seller’s Base Bonus” shall mean (i) the Sales Price (including any increases or cost reimbursements due
to change orders), (ii) divided by .75, and (iii) times .25. 
 (1) “Triggering Events” shall mean
(i) the failure by Seller, Buyer and certain third parties to complete the formation of Independence Contract Drilling, Inc., a Delaware corporation (the “Company”), pursuant to and in accordance with the terms, provisions and
conditions of the Contribution Agreement, and (ii) the liquidation of Buyer’s assets in accordance with the terms of Buyer’s Company Agreement. 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 









 Global Energy Services Operating, LLC Drilling Rig Contract 

This Drilling Rig Contract and all Exhibits attached to and incorporated into this Contract by reference (“Contract”) is entered into on
the 23rd day of November, 2011 (“Execution Date”) by and between Global Energy Services Operating, LLC (“Seller”) and Independence Contract Drilling, LLC (“Buyer”). Seller and Buyer may be referred
to collectively as the “Parties” and individually as a “Party.” 
 In consideration of the promises below, the
Parties agree as follows. 
  

	1.	Scope of Contract 

 1.1 Seller agrees to
sell and Buyer agrees to buy, under the terms and conditions stated in this Contract, the equipment and materials as set forth in Exhibit A (“Rig”). 
 1.2 Buyer Responsibility: Buyer, through its own analysis, is solely responsible for making the final product selection and assuring that all performance, endurance, maintenance, safety, and warning
requirements for Buyer’s particular application are met. Buyer must analyse all aspects of its particular application and follow applicable industry standards and product information. If Seller provides product options, Buyer is responsible for
determining the utility and functionality of the option, as well as its suitability and sufficiency for the reasonably foreseeable uses of the Rig by Buyer. 
  

	2.	Terms 

 2.1 Buyer agrees to pay
$13,665,350 (“Sales Price”) for the purchase of Rig as listed in the Seller’s Quote GES11-6114-04 attached as Exhibit B (“Quote”). 
 2.2 Payment shall be tendered by Buyer to Seller in installments, as follows: 
  

	a.	a down payment of 40% of the Sales Price (“Down Payment”) shall be paid within five business days after the Execution Date of this Contract (the date
when these funds are received being the “Effective Date”); 

  

	b.	a second payment of 30% of the Sales Price shall be due and payable within 75 days of the Execution Date of this Contract and shall be paid by wire transfer of
immediately available funds; 

  

	c.	a final payment of 30% of the Sales Price shall be due and payable immediately prior to delivery Ex-Works (Incoterms 2000) Seller’s Houston, Texas facility or any
other facility designated by Seller (“EXW”) and shall be paid by wire transfer of immediately available funds; and 

  

	d.	all payments are to be tendered in U.S. Dollars ($) on or before 5:00 p.m., Central Standard Time (U.S.) on the date due in the form of cleared funds at the bank
designated by Seller with all time periods measured in calendar days. 

 2.3 The timely receipt of payment of Down Payment is a
condition precedent to this Contract becoming effective. If Down Payment is not made and received when due, Seller may, at its sole option, terminate this Contract by delivery of written notice to Buyer. 

2.4 In the event Seller’s costs increase more than 3% during



 performance of this Contract due to events beyond its reasonable control including, but not limited to,
changes in law or regulations, exchange rate fluctuations, or changes in the prices of raw materials from the date of Quote, Seller shall submit evidence of the increase and Buyer shall reimburse Seller for the increased costs. Seller shall have the
right to submit evidence of escalation without regard to the 3% threshold, if Buyer delays execution of this Contract or work on Rig for a total of more than 20 days in the aggregate. 
 2.5 Buyer and Seller agree that, in addition to the payment of the Sales Price, Buyer shall be entitled to the payment of a Contingent Bonus, calculated and payable subject to and in accordance with the
terms of Annex I hereto. 
  

	3.	Delivery 

 3.1 Date: EXW Delivery Date
shall be as listed in Exhibit B (“Delivery Date”). 
 3.2 Risk of Loss: Risk of loss of Rig transfers to Buyer upon
delivery of Rig to Buyer or Buyer’s designated carrier or other representative in accordance with the provisions of §3.3; provided, however, that title to Rig shall not pass from Seller to Buyer until the Sales Price is paid in full.

 3.3 Delivery: Delivery of Rig shall be EXW, not packed for export. 
 3.4 Notice of Completion and Inspection: Seller shall provide Buyer with 30 days prior notice of the Rig’s expected completion date (“Completion Date”), and Buyer shall have 10 days
after Completion Date (meaning the date on which Rig is ready for delivery to the carrier in disassembled form) to inspect and accept Rig or to raise objections that Rig, in whole or in part, does not meet Technical Specifications (as defined in
§5.1). If Buyer fails to raise objections in writing during the inspection period, Rig is deemed accepted and delivery is deemed to have occurred. If Buyer timely raises an objection, §3.7 will apply to corrections. Buyer shall accept the
scope of supply pursuant to Exhibit D. 
 3.5 Testing: Incorporated into Technical Specifications (as defined in §5.1) is the
protocol of components testing for Rig, and Buyer shall have the right to have a representative present at any testing. 
 3.6 Buyer
Representatives at Inspections: In the event Buyer desires to have a representative present for pre-operational testing in Seller’s plant, Buyer shall notify Seller and request that Seller notify Buyer five business days in advance of any
testing. If Buyer’s representative after Seller’s delivery of prior notice of the location and time of the testing of Rig is absent during any testing, Buyer shall be deemed to have accepted the results of the testing. 

3.7 Opportunity to Cure: In the event that Buyer timely raises objections in accordance with §3.4 that Rig does not meet Technical Specifications,
Seller shall have a reasonable period of time to correct any defect, and Completion Date shall be delayed to reflect the new Completion Date, if applicable. Buyer will be entitled to inspect any correction work and to request further testing and/or
further work to remedy defects as may be necessary until Rig meets Technical Specifications. Seller shall be responsible for all costs of testing and any necessary cures.


 


  
 Domestic Drilling Rig
Contract (DRC 04-2010) 









 3.8 Cancellation: Where cancellation of this Contract is for Buyer’s convenience, Buyer shall
reimburse Seller for all work performed (regardless of the state of completion) and shall pay to Seller (a) the net cost of all materials, transportation, insurance, and handling for which Seller has made firm contracts prior to Seller’s
receipt of Buyer’s cancellation notice and which cannot be cancelled and (b) all amounts paid in settlement or termination of claims of subcontractors and suppliers and all other reasonable costs and expenses incurred in effecting
cancellation (including all restocking charges and demobilization costs). For any parts, equipment or components for which Buyer has reimbursed Seller or funded in full through down payment, shall be transferred at Buyer’s cost for shipping and
delivery as soon as reasonably possible to Buyer. 
  

	4.	Changes 

 4.1 No changes or modifications
to this Contract including, but not limited to, any Rig specification, shall be made without the prior written consent of both Parties, as described on Exhibit E. Seller is not obligated to accept and reserves the right to reject any change
or modification to this Contract. 
 4.2 Consent by Buyer or Seller may only be established by written consent executed by a designated
representative as identified in Exhibit F. No individual or official not named on Exhibit F is authorized to execute a modification to this Contract, and the Parties specifically acknowledge and agree that no apparent authority may be
relied on in modifying this Contract. 
 4.3 If Buyer requests and Seller agrees to a modification or change to Rig that results in a change in
the Completion Date, the Parties agree to a reasonable extension of the estimated Completion Date to reflect the new expected date of completion. All requested changes shall be documented in accordance with Exhibit E. 

 

	5.	Technical Specifications 

 5.1 All
specifications (“Technical Specifications”) delivered in connection with this Contract shall be set forth in Quote. 
 5.2 None
of Technical Specification for any Rig to be delivered pursuant to this Contract may be amended, modified, altered or changed in any way without the prior written consent of both Parties in accordance with the provisions of Article 4. 

5.3 Buyer acknowledges that any amendment, modification, alteration or other change to Technical Specifications may result in an alteration to the Sales
Price and/or a change in the expected Completion Date and/or the Delivery Date. 
  

	6.	Documentation 

 Seller shall produce to
Buyer all required final documentation (“Documentation”) as set out in Exhibit C. 
  

	7.	Packing/Shipping 

 7.1 Buyer shall engage
a third-party contractor responsible for packing all Rig in accordance with Buyer’s requirements. 
 7.2 Seller shall not be responsible or
liable for packaging Rig for shipment or for shipping Rig. 



	8.	Warranty of Workmanship and Materials 


8.1 New equipment manufactured by Seller is warranted to be free of defects in materials and workmanship and to conform to the specifications contained
herein for a period of 12 months from Delivery Date or 18 months from the Completion Date, whichever period expires first, provided Buyer subjects the new equipment to the operating conditions specified by Buyer when the order is placed and in
accordance with Seller’s operating and maintenance instructions, if any, and storage requirements, if any. Remanufactured equipment provided by Seller is warranted for 12 months from Completion Date. THIS IS SELLER’S SOLE AND EXCLUSIVE
WARRANTY. If a defect in Rig appears within a designated warranty period, and Buyer has given written notice within such warranty period (or 30 days after expiration of such warranty period in the event a defect in Rig appears within 30 days of
expiration of such warranty period), Seller will promptly repair or replace the part, at Seller’s option, by shipping a similar part FOB shipping point or, at Seller’s option, refund an equitable portion of the Sales Price. Seller may
require the return of the defective part within 60 days of failure to a designated Seller location, transportation prepaid to establish Buyer’s claim. No allowance will be made for repairs undertaken without Seller’s prior written consent.
This warranty applies only to equipment manufactured by Seller and excludes standard equipment maintenance items, hoses, and expendables. Any descriptions of equipment, drawings, specifications, and any samples, models, bulletins, or similar
material, used in connection with this sale are for the sole purpose of identifying equipment and are not to be construed as an express warranty that Rig will conform to the description. Any field advisory or installation support is advisory only.
EXCEPT FOR THE WARRANTIES EXPRESSLY PROVIDED ABOVE, THERE ARE NO OTHER WARRANTIES AND NONE SHALL BE IMPLIED IN LAW OR OTHERWISE INCLUDING THOSE OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, CONFORMITY TO MODELS OR SAMPLES, DILIGENCE, AND
WORKMANLIKE SERVICE. SELLER’S WARRANTY OBLIGATIONS AND PURCHASER’S REMEDIES ARE SOLELY AND EXCLUSIVELY AS STATED IN THIS ARTICLE 8. Purchaser’s sole and exclusive remedy for breach of warranty under this Article 8, whether based
upon warranty, contract or tort, including negligence, will be to proceed under this warranty. All liability of Seller shall terminate 12 months from Delivery Date or 18 months from the Completion Date, whichever period expires first. 

8.2 Notwithstanding the provisions of §8.1, the Warranty shall not apply to any part of Rig that: 

 

	a.	has been altered or repaired by anyone other than Seller or Seller’s duly authorized representative; 


 

	b.	has been used or maintained other than in accordance with Documentation; 

  

	c.	has been misused or damaged due to the unreasonable use, negligence, or accident of Buyer, Buyer’s customer, or any other person or entity;


  

	d.	has been unreasonably used by Buyer, Buyer’s customer, or any other person or entity after any person or entity knew or should have known of the defect; or


  

	e.	is considered expendable in nature and expires as a result of normal wear and tear in the use of Rig.



 


  
 Domestic Drilling Rig
Contract (DRC 04-2010) 









 8.3 To the extent that Seller has received from the manufacturer thereof a warranty with term and scope
similar to the warranties provided to Seller herein, and such warranties are assignable from Seller to Buyer, any portion of Rig sold to Buyer pursuant to this Contract but not manufactured by Seller is not warranted to any extent by Seller, but
Seller shall assign to Buyer, without recourse, any warranties furnished to Seller by the vendors or manufacturers of that equipment to the extent any warranties are assignable by Seller. Seller shall cooperate with Buyer in any resulting dispute
Buyer may have with any vendors or manufacturers, provided Seller shall not be obligated to incur any costs or initiate any litigation. 
 8.4
Seller’s liability for any breach of Warranty shall be limited to: 
  

	a.	causing Rig to perform in accordance with this Contract and Technical Specifications by repairing or replacing (at Seller’s option) any defective Rig; or


  

	b.	reimbursing Buyer for the cost of repair or replacement in accordance with the provisions of §8.6. 


8.5 If Seller advises Buyer that Seller is able to perform the warranty work, as described in §8.4, Buyer or owner/operator is obligated to allow
the warranty work to be performed by Seller at Seller’s cost. In the event Seller determines that the repair or replacement is not a valid warranty claim, Buyer or owner/operator shall be charged for the parts, labor, and other trip expenses,
including per diem rates where applicable, at Seller’s then current published rates, subject to Buyer’s right to contest the warranty determination in accordance with Article 11. 
 8.6 In the event Seller advises Buyer or the owner/operator that Seller is unable to perform the warranty work, as described in §8.4, Buyer or owner/operator may elect to cause the necessary warranty
repairs or replacements to be made by a third party. In this event, Seller’s sole obligation shall be to reimburse Buyer for the reasonable costs incurred by Buyer for the repairs or replacements. If Buyer elects to proceed under the provisions
of this §8.6, Buyer shall, as soon as possible (but in any event prior to the commencement of the repairs or replacements), notify Seller of the time, place, and estimated cost of the repairs or replacements. Seller shall have the right to
verify, at its sole cost and expense, by its own representative, the nature and extent of the defects complained of prior to the time that the repairs or replacements are made, and if, in fact, no breach of the warranty has occurred, Buyer shall pay
to Seller a per diem fee equal to Seller’s then current labor rate schedule and the reasonable expenses incurred by the representative, subject to Buyer’s right to contest the warranty determination in accordance with Article 11. Seller
does not warrant the work of others who conduct repairs or replacements. 
 8.7 The remedies provided above for breach of the warranty are
exclusive. In no event shall the obligation of Seller to repair or replace (or to reimburse Buyer for the cost of repairing or replacing) defective parts be construed to require Seller to repair or replace (or to reimburse Buyer for the cost of
repairing or replacing) more than the original purchase price of the part that is found to be defective. Rig, as a whole,



 
shall not be construed to be a “part” for the purposes of the preceding sentence and this Contract. 
 8.8 Seller shall have no obligation or liability for any breach of the warranty unless (a) the date of discovery of the defect or failure of Rig to perform in accordance with this Contract or
Technical Specifications was prior to the expiration of the designated warranty period set forth in §8.1 and (b) Buyer shall have provided Seller with written notice of the defect or failure within 30 days of discovery. 

8.9 Buyer represents that it reviewed Technical Specifications and is satisfied that Rig meets its operating requirements. 

8.10 Seller offers no warranties for structural design or operating performance of Rig manufactured pursuant to drawings, designs, or specifications of
Buyer or a third party acting for Buyer. 
 8.11 Seller may subcontract all orders. 

 

	9.	Limitations of Liability 

 9.1 Neither
Buyer nor Seller shall be liable for any special, indirect, speculative or consequential damages of any type or character (including, but not limited to, loss of profit, use, or production) arising from or related in any way to this Contract or its
performance. 
 9.2 To the full extent of applicable law and not specifically found elsewhere in this Contract, Seller’s total liability,
in the aggregate, to Buyer or any entity claiming by, through, or under Buyer for any Claims from any cause or causes including, but not limited to, any breach of contract or warranty or negligence or strict liability shall not exceed the Sales
Price of Rig provided by Seller. 
  

	10.	Indemnification 

 10.1 During the
performance of this Contract, the Parties’ indemnity obligations shall apply to events at any geographic location where this Contract is being performed by Buyer or Seller or, following the Delivery Date, where Rig is being used by or for the
benefit of Buyer. 
 10.2 SELLER AGREES TO DEFEND, PROTECT, RELEASE, INDEMNIFY, AND HOLD BUYER OR ITS PARENT, SUBSIDIARY, OR AFFILIATED
COMPANIES AND ITS AND THEIR AGENTS, CONTRACTORS, EMPLOYEES, INSURERS, INVITEES, OFFICERS, OWNERS, REPRESENTATIVES, OR STOCKHOLDERS (“BUYER’S GROUP”) HARMLESS FROM AND AGAINST ALL CAUSES OF ACTION, CLAIMS, DAMAGES, DEMANDS, LIABILITY,
LOSSES, AND SUITS OF EVERY TYPE AND CHARACTER INCLUDING ALL LITIGATION EXPENSES, COURT COSTS, AND ATTORNEY’S FEES, ARISING OUT OF OR RELATED IN ANY WAY TO THE RIG OR THIS CONTRACT (“CLAIMS”) ARISING IN FAVOR OF SELLER OR ITS PARENT
SUBSIDIARY OR AFFILIATED COMPANIES AND ITS AND THEIR AGENTS, CONTRACTORS, EMPLOYEES, INSURERS, INVITEES, OFFICERS, OWNERS, REPRESENTATIVES, OR STOCKHOLDERS (“SELLER’S GROUP”) THAT ARE ASSERTED FOR PERSONAL INJURY, DEATH, OR LOSS OF OR
DAMAGE TO ANY PROPERTY ARISING OUT 

 


  
 Domestic Drilling Rig
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OF, RESULTING FROM, OR RELATING IN ANY WAY TO THIS CONTRACT OR ANY ACTS OR OMISSIONS IN CONNECTION HEREWITH INCLUDING, WITHOUT LIMITATION, ANY BREACH OF THIS CONTRACT, REGARDLESS OF WHETHER
BUYER OR OTHERS MAY BE WHOLLY, CONCURRENTLY, OR SOLELY NEGLIGENT OR OTHERWISE AT FAULT, AND REGARDLESS OF ANY DEFECT IN PREMISES. EQUIPMENT OR MATERIALS, IRRESPECTIVE OF WHETHER PREEXISTING AT EXECUTION OF THIS CONTRACT. 

10.3 BUYER AGREES TO DEFEND, PROTECT, RELEASE, INDEMNIFY, AND HOLD SELLER’S GROUP HARMLESS FROM AND AGAINST ALL CLAIMS ARISING IN FAVOR OF
BUYER’S GROUP (OTHER THAN MEMBERS OF SELLER’S GROUP) THAT ARE ASSERTED FOR PERSONAL INJURY, DEATH, OR LOSS OF OR DAMAGE TO ANY PROPERTY ARISING OUT OF, RESULTING FROM, OR RELATING IN ANY WAY TO THIS CONTRACT OR ANY ACTS OR OMISSIONS IN
CONNECTION HEREWITH INCLUDING, WITHOUT LIMITATION, ANY BREACH OF THIS CONTRACT, REGARDLESS OF WHETHER SELLER OR OTHERS MAY BE WHOLLY, CONCURRENTLY, OR SOLELY NEGLIGENT OR OTHERWISE AT FAULT, AND REGARDLESS OF ANY DEFECT IN PREMISES, EQUIPMENT OR
MATERIALS, IRRESPECTIVE OF WHETHER PREEXISTING AT EXECUTION OF THIS CONTRACT. 
 10.4 Buyer specifically acknowledges that Rig is being
purchased for use in an inherently dangerous endeavor. Buyer understands the importance of obtaining appropriate training for personnel operating Rig and represents to Seller that only appropriately trained and qualified individuals shall operate or
work on Rig. WITHOUT PREJUDICE TO SELLER’S WARRANTY AND SUBJECT ALWAYS TO THE PROVISIONS OF §10.3, BUYER AGREES TO INDEMNIFY SELLER FROM ANY CLAIMS ARISING ON ACCOUNT OF LOSS OR DAMAGE TO ANY PROPERTY, INCLUDING RIG, IN CONNECTION WITH
BUYER’S USE OR OPERATION OF RIG AFTER THE DELIVERY DATE REGARDLESS OF WHETHER ANY MEMBER OF SELLER’S GROUP OR OTHERS MAY BE WHOLLY, CONCURRENTLY, OR SOLELY NEGLIGENT OR OTHERWISE AT FAULT (EXCEPT TO THE EXTENT ARISING FROM OR RELATING TO A
DEFECT OR FAILURE COVERED UNDER THE WARRANTY PURSUANT TO THIS CONTRACT). 
 10.5 Seller shall not be liable for the structural design or
operating performance of Rig manufactured according to designs, drawings, or specifications of Buyer or any party acting for Buyer. 
 10.6
THE INDEMNITY OBLIGATIONS UNDERTAKEN IN THIS CONTRACT SHALL BE SUPPORTED BY APPROPRIATE INSURANCE AS SPECIFIED HEREIN; PROVIDED, HOWEVER, THAT THE INDEMNITY OBLIGATIONS SHALL NOT BE LIMITED BY THE TYPES OF AND AMOUNT OF INSURANCE COVERAGE
OBTAINED. 



	11.	Law and Venue 

 The validity of this
Contract and all Claims arising hereunder shall be construed, interpreted, and governed in accordance with the laws of the State of Texas. The Parties agree that for purposes of all Claims that arise out of or are related in any way to the subject
matter of this Contract that proper venue shall be the federal and state district courts located in Houston, Harris County, Texas. 
  

	12.	Force Majeure 

 12.1 For purposes of this
Contract, “Force Majeure” shall be defined to mean acts of God, acts, orders, decrees, instructions or other requirements of governmental authorities taking effect after Effective Date, insurrections, mobilization, riots, acts of
terrorism, vandalism, sabotage, strikes, lock-outs or other labor disturbances (it being expressly agreed that Buyer shall have no right to compel Seller to settle any strike or other dispute), quarantines, floods, storms, hurricanes, tornadoes,
droughts or other adverse weather condition, fires, explosions, embargoes, or by other cause not reasonably foreseeable by the Parties. 
 12.2
Seller shall not be liable for delays due to Force Majeure events. Seller shall give Buyer written notice within seven days of commencement of the cause or event and shall promptly resume performance upon expiration of the cause or event.

  

	13.	Insurance 

 13.1 Seller shall maintain
all appropriate insurances prior to the Delivery Date as set out in Exhibit G. Seller shall provide Buyer with certificates evidencing its insurance upon request. 
 13.2 Buyer shall maintain all appropriate insurances from the Date of Execution of this Contract including, without limitation, at least coverage set forth in Exhibit G. Buyer shall provide Seller
with certificates evidencing its insurance upon request. 
  

	14.	Spare Parts 

 Seller and Buyer recognize
the potential need for adequate spare parts during operations. Spare parts, subject to market conditions and plant capacity, shall be available from Seller to Buyer at competitive prices subject to negotiation for a period of at least two years from
Completion Date. 
  

	15.	Taxes and Duties 

 The Sales Price does
not include any provision for taxes or duties levied or imposed by any authority or entity; Buyer agrees to be solely responsible for and indemnify (and reimburse, if necessary) Seller from any and all taxes or duties levied or imposed. 

 

	16.	Default and Termination 

 16.1 Seller
shall be deemed in default if one or more of the following events occur provided that Buyer has given Seller written notice of the default and Seller has failed to cure within 30 days of the notice. Buyer may terminate this Contract, if Seller
(a) makes an assignment for the benefit of creditors or consents to or acquiesces in the appointment of a receiver, liquidator, fiscal agent, or trustee; (b) becomes insolvent or enters into a voluntary or involuntary bankruptcy or


 


  

	
	Domestic Drilling Rig Contract (DRC 04-2010)










 
receivership; (c) fails to deliver pursuant to Article 3; or (d) has breached any warranty or representation material to this Contract. 

16.2 In the event of default termination, Seller shall assist Buyer and cooperate in the transfer of work in progress for the value equal to the amount
of payments previously received, residual materials, and in the performance of Buyer’s other reasonable requests. 
 16.3 Buyer shall be
deemed in default if one or more of the following events occur provided that Seller has given Buyer written notice of the default and Buyer has failed to cure within 30 days of the notice. Seller may terminate this Contract, if Buyer (a) makes
an assignment for the benefit of creditors or consents to or acquiesces in the appointment of a receiver, liquidator, fiscal agent, or trustee; (b) becomes insolvent or enters into a voluntary or involuntary bankruptcy or receivership;
(c) without regard to (a) or (b) suffers from a material change in credit or financial condition unsatisfactory to Seller; (d) fails to make any payment as and when required pursuant to Article 2; or (e) has breached any
warranty or representation material to this Contract. 
 16.4 In the event Seller terminates in whole or in part, Seller shall have no further
obligations or liability under this Contract and Buyer shall be liable to Seller in accordance with §3.8. In the event of default termination, Seller shall assist Buyer and cooperate in the transfer of work in progress for the value equal to
the amount of payments previously received by Seller, residual materials, and in the performance of Buyer’s other reasonable requests but only after payment of all sums due from Buyer. 

 

	17.	Confidential Information 

 17.1 All
information to be provided by Seller or by any other person or entity on behalf of Seller is information that Seller deems confidential and proprietary, and Seller must be assured that confidentiality will be strictly maintained.
“Confidential Information” means all information furnished by Seller or any other person or entity on behalf of or at the request of Seller including, but not limited to, quotes (including Quote), correspondence, discussions,
negotiations, price, documents (including this Contract), analyses, data, reports, business plans, marketing information, projections or other commercial information, all engineering and other drawings and documents, manufacturing practices, all
intellectual property, know-how and technical information (including Technical Specifications) relating to or in respect of Rig or the project to which it relates and capital and operating costs related to the subject matter of the project to which
Rig relates. 
 17.2 Buyer may only disclose the Confidential Information to its officers, directors, employees, consultants and independent
contractors who have a need to know such information for the purpose of using, operating or utilizing Rig, provided that the persons and entities shall be notified of the confidential nature of the information in advance and agree to abide by the
confidentiality provisions of this Contract the same as if they themselves were Buyer. In the event Buyer is compelled by subpoena or other legal directive to disclose any Confidential Information, Buyer shall immediately notify Seller in writing
and allow Seller to seek protection of the Confidential



 
Information. 
 17.3 All rights in, to and under the Confidential Information shall remain
solely with Seller. 
 17.4 Buyer acknowledges that Seller will be irreparably harmed by any breach of the confidentiality obligations set forth
in this Contract. Accordingly, in addition to damages and other relief allowed by applicable law, Buyer agrees that in the event of any breach, Seller shall be entitled, without posting of security or a bond, to equitable relief, including, without
limitation, temporary and/or permanent injunctive relief and specific performance. 
 17.6 The confidentiality obligations set forth in this
Contract shall survive any termination of this Contract. 
  

	18.	Miscellaneous 

 18.1 Entire Contract: This
Contract expresses the complete agreement of the parties as of the time of execution, and all prior written or oral agreements, and contemporary oral agreements, are hereby superseded by this Contract. In the event of a conflict between the terms
and conditions of this Contract and the exhibits and/or attachments that form a part of this Contract, the terms and conditions of this Contract shall prevail. Therefore, this Contract shall prevail over all other terms and conditions. 

18.2 Amendment: This Contract may not be amended, modified or supplemented except by a written agreement expressly designated as an amendment,
modification or supplement of this Contract and executed by both Parties in accordance with the provisions of §4.2. 
 18.3 Waiver: No
waiver of any of the provisions of this Contract shall be binding upon a Party unless the waiver is in writing and specifically designated as a waiver and shall be executed in accordance with the provisions of §4.2. No waiver of any of the
provisions of this Contract shall be deemed or shall constitute a waiver of any other provision of this Contract (whether or not similar), nor shall the waiver constitute a continuing waiver, unless otherwise expressly provided therein. 

18.4 Severability: If any portion of this Contract or the application thereof to any persons or circumstances should be found to be invalid by a court of
competent jurisdiction, the invalidity shall not affect the remaining portions or application thereof which can be given effect without the invalid portion or application. 
 18.5 Written Assurance of Domestic Use Only: Buyer hereby gives written assurance to Seller that neither Rig nor any technical data provided to Buyer hereunder is intended to or will be shipped, exported,
or re-exported, directly or indirectly, to any country, person, or other entity contrary to any laws, regulations, or administrative orders of the United States or any other jurisdiction applicable to a transaction affecting this Contract. Buyer
further acknowledges that Seller, in determining to execute this Contract and perform its obligations under this Contract, has expressly relied on the written assurance contained in this §18.5. 

18.6 Counterparts and Facsimile Execution: This Contract may be executed in multiple counterparts, each being deemed an original copy of this Contract,
but all of which, when taken 

 


  
 Domestic Drilling Rig
Contract (DRC 04-2010) 









 
agreement. The Parties may sign and deliver this Contract by facsimile transmission or by electronic mail in “portable document format.” 

18.7 Survival: The provisions of this Contract that are intended to extend beyond its termination shall survive termination of the Contract, including
without limitation, any liability, indemnity, and confidentiality provisions contained in this Contract, and the provisions applicable to the enforcement of those provisions and/or the enforcement of rights and obligations incurred hereunder.

 18.8 Compliance with Laws: The Parties represent and warrant that they are independently familiar with and at all times shall observe and
comply with all federal, state, and local laws, ordinances, rules, and regulations in any manner affecting this Contract and the Rig. The Parties further agree to fully comply with all laws and regulations controlling the export of controlled
commodities. 
 18.9 Authority to Execute: Each of the persons executing this Contract represents and warrants that they have full right and
authority to execute this instrument on behalf of Buyer and Seller, respectively, and to legally bind each Party to all of its provisions. 

18.10 Notices: Any required notices shall be in writing and may be served either personally on the authorized representative of the receiving Party or by
facsimile, courier, express delivery, or registered or certified mail to the address of that Party (or at any other address for a Party as specified by 10 days prior notice): 

 

			
	Buyer:	  	Attention: Legal
		  	11616 North Galayda Street
		  	Houston, Texas 77086
		
	Seller:	  	Attention: Legal
		  	11616 North Galayda Street
		  	Houston, Texas 77086

 BUYER ACKNOWLEDGES THAT THIS CONTRACT CONTAINS WARRANTY, INDEMNITY, AND INSURANCE PROVISIONS.



 Exhibit and Annex List: 
  

			
	 •       Exhibit A
	  	Description of Rig and Materials
		
	 •       Exhibit B
	  	GESO’s Quote
		
	 •       Exhibit C
	  	Documentation
		
	 •       Exhibit D
	  	Rig Acceptance Certificate
		
	 •       Exhibit E
	  	Change Order Form
		
	 •       Exhibit F
	  	Representation of Authorization
		
	 •       Exhibit G
	  	Required Insurance
		
	 •       Annex I
	  	Contingent Bonus

 IN WITNESS WHEREOF, Buyer and Seller have caused this Contract to be executed by their duly authorized
representatives to be effective as of the day and year first above written. 
  

			
	BUYER
	
	INDEPENDENCE CONTRACT DRILLING, LLC
		
	By:	 	 /s/ Byron Dunn

		 	  

	Name:	 	Byron Dunn
		 	  

	Title:	 	CEO
		 	  

	
	SELLER
	
	GLOBAL ENERGY SERVICES OPERATING, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  


 
 


  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 
 
agreement. The Parties may sign and deliver this Contract by facsimile transmission or by electronic mail in “portable document format.” 

18.7 Survival: The provisions of this Contract that are intended to extend beyond its termination shall survive termination of the Contract, including
without limitation, any liability, indemnity, and confidentiality provisions contained in this Contract, and the provisions applicable to the enforcement of those provisions and/or the enforcement of rights and obligations incurred hereunder.

 18.8 Compliance with Laws: The Parties represent and warrant that they are independently familiar with and at all times shall observe and
comply with all federal, state, and local laws, ordinances, rules, and regulations in any manner affecting this Contract and the Rig. The Parties further agree to fully comply with all laws and regulations controlling the export of controlled
commodities. 
 18.9 Authority to Execute: Each of the persons executing this Contract represents and warrants that they have full right and
authority to execute this instrument on behalf of Buyer and Seller, respectively, and to legally bind each Party to all of its provisions. 

18.10 Notices: Any required notices shall be in writing and may be served either personally on the authorized representative of the receiving Party or by
facsimile, courier, express delivery, or registered or certified mail to the address of that Party (or at any other address for a Party as specified by 10 days prior notice): 

 

			
	Buyer:	  	Attention: Legal
		  	11616 North Galayda Street
		  	Houston, Texas 77086
		
	Seller:	  	Attention: Legal
		  	11616 North Galayda Street
		  	Houston, Texas 77086

 BUYER ACKNOWLEDGES THAT THIS CONTRACT CONTAINS WARRANTY, INDEMNITY, AND INSURANCE PROVISIONS.



 Exhibit and Annex List: 
  

			
	 •       Exhibit A
	  	Description of Rig and Materials
		
	 •       Exhibit B
	  	GESO’s Quote
		
	 •       Exhibit C
	  	Documentation
		
	 •       Exhibit D
	  	Rig Acceptance Certificate
		
	 •       Exhibit E
	  	Change Order Form
		
	 •       Exhibit F
	  	Representation of Authorization
		
	 •       Exhibit G
	  	Required Insurance
		
	 •       Annex I
	  	Contingent Bonus

 IN WITNESS WHEREOF, Buyer and Seller have caused this Contract to be executed by their duly authorized
representatives to be effective as of the day and year first above written. 
  

			
	BUYER
	
	INDEPENDENCE CONTRACT DRILLING, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	SELLER
	
	GLOBAL ENERGY SERVICES OPERATING, LLC
		
	By:	 	 /s/ MICHAEL STANSBERRY

		 	  

	Name:	 	MICHAEL STANSBERRY
		 	  

	Title:	 	 PRESIDENT


 
 


  
 Domestic Drilling Rig
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 Exhibit A 
 Description of Rig and Materials 
 Seller will provide the following equipment and
components: 
 QuickSilver Drilling System QDSH 1600 
 Specifications for the above equipment and components are more fully set out in Seller’s Quote attached as Exhibit B. 
 Price: US$13,665,350 
 Ex Works Houston Delivery Date with all shipping and packing costs and
expenses for Buyer’s account. 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 Exhibit B 
 GESO’s Quote 
 See Quotation GES11-6114-04 attached. 

Delivery Date: May 31, 2012 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








  
 



 
 Independence 
  

 
 Quote No. GES11-6114-04 

QuickSilver® Drilling System 
 QDSH-1600 

11/22/2011 

  

THEINRICH\004676\00002\744081.1 








 Global Energy Services 

Houston, Texas, USA 
 QuickSilver® Drilling System 

QDSH-1600 
 Quote
No.: GES11-6114-03 
 Specification Summary 
 The QuickSilver Drilling System is designed to rig up & rig down on a new location (within 100 miles) in less than 48 hours. All components requiring elevation are raised with hydraulic
cylinders; no cranes are required. Round bottom mud tanks eliminate the need for mud guns. GES’ Electronic Driller provides automated control of WOB, ROP and RT. Optional walking or skidding systems available. 

 

			
	Horsepower	  	1600 HP
	Hook Load	  	750,000 lb.
	Lines	  	12
	Mast Height	  	136’
	Base Dimensions	  	13’ x 9’
	Racking Capacity	  	19,500’ of 5” DP, 4 stands of 6-1/2” DC
	Rotary Table	  	27.5” (37.5” Optional)
	Rotary Load	  	750,000 lb. with Full Setback
	Setback Load	  	505,000 lb.
	Drill Floor Height	  	26’
	Clear Working Height	  	22.5’
	Drill Floor Dimensions	  	40’ x 21.5’ Approximate
	Engine-Generators	  	3 x Cat 3512C & KATO or Caterpillar
	Mud Pumps	  	2 x 1600 HP Each
	Catwalk	  	18” Structural Steel with V-Door
	Loads	  	22

 GES is a certified API Spec Q1, Spec 4F and Spec 7K facility. All appropriate GES manufactured equipment will carry the
API Monogram. The Drawworks, Mast, Substructure and accessories are manufactured to the following specifications: 
  

	 	•	 	 Mast, Crown and Substructure to comply with API 4F 


  

	 	•	 	 Crown Sheave Assemblies comply with API 8A 


  

	 	•	 	 Traveling Block API 8A 


  

	 	•	 	 Drawworks and Rotary Table comply with API 7K 


  

	 	•	 	 Mud Pumps API 7K 


  

	 	•	 	 Designed to 0°F thru 104°F (-17.8°C thru 40°C) ambient 


 All equipment will be sandblasted, primed and finish coated with an industrial epoxy polyurethane coating system, per GES standard one color coating specification No.N00-0000-005. 

  

					
	QUICKSILVER® DRILLING SYSTEM	 	QDSH-1600	 	PAGE 2 of 25
	THEINRICH\004676\00002\744081.1	 		 	










					
	 ITEM
	 	 QTY
	 	 DESCRIPTION

			
		 		 	SECTION 1
			
	1.0	 		 	MAST, SUBSTRUCTURE, DRAWWORKS & ACCESSORIES
			
	1.1	 	1	 	MAST ASSEMBLY
			
		 		 	GES freestanding hydraulically raised mast with 136’ clear height and a 750,000 lb. static hook load capacity when strung on 12 lines. Features a 13’ x 9’ base and
comes complete with ladders, lighting and crown assembly.
			
		 		 	The mast is designed to be telescoped out horizontally using a tandem axle truck, and retracted in horizontally using a tandem axle truck along with the mast dolly mounted drill
line spooler. The mast will remain mounted on the 4-axle removable mast dolly complete with integrated hydraulically operated drill line spooler assembly for transportation.
			
		 		 	The two (2) hydraulic mast raising cylinders remain mounted on the mud boat during transportation and are easily positioned for the mast raising and lowering
operation.
			
		 		 	The drill line spooler integration onto the mast dolly facilitates the mast being transported with the traveling block remaining strung up. The traveling block is transported in
the mast lower section secured in the block cradle.
			
		 		 	Mast mounted hydraulic make-up and breakout cylinders are supplied complete with drill floor level sheave assemblies and include all necessary hydraulic hoses, fittings, and
valves for operation.
			
		 		 	Crown assembly is supplied complete with a main cluster assembly consisting of five (5) 36” diameter sheaves, a fast line sheave assembly consisting of one (1) 42”
diameter sheave and a tandem deadline sheave assembly consisting of one (1) 42” diameter sheave and one (1) 36” sheave, all grooved for 1-3/8” wireline and arranged to accommodate a six (6) sheave traveling block. Includes a
removable fifth wheel plate mounted on the front side of the crown frame, 42” high handrails, bumper blocks, padeyes for block suspension line and tugger sheaves.
			
		 		 	Racking board has a racking capacity of 19,500’ of 5” drill pipe and four (4) stands of 6-1/2” drill collars or 23,400’ of 4-1/2” drill pipe and four (4)
stands of 6-1/2” drill collars.
			
		 		 	Racking board comes complete with adjustable diving board, finger covers for the driller’s side fingers, a 1 500 lb. pull back winch and mount, a SALA block, safety chains
on each finger, 78” handrails, racking board frame and a ladder landing platform with handrails.
			
		 		 	Includes the following:


							
				
		 		 	•	 	Two (2) tong counterweights complete with buckets, guides, blocks and wireline
				
		 		 	•	 	Padeyes mounted in the mast intermediate section and the counterweights mounted on the substructure base.
				
		 		 	•	 	Two (2) M491 or equal tugger sheave units grooved for 9/16” diameter wireline
				
		 		 	•	 	Mast dolly mounted hydraulic drill line spooler supplied with 5,000’ of 1-3/8” EIPS drilling line.
				
		 		 	•	 	One (1) mast stand. The mast comes with all the necessary drive pins and bolts for assembly.


  

					
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		 		 	Manufacturer:	  	Global Energy Services
		 		 	Country of Origin:	  	USA
		 		 	Model Number:	  	GES-1600-M
			
	1.2	 	1	 	TELESCOPING SUBSTRUCTURE
			
		 		 	Telescoping substructure with the following:


									
				
		 		 	•	 	Hydraulically raised substructure with a 26’ drill floor height with 22.5’ clear working height under the rotary beams. Casing capacity of 750,000 lbs. and
setback capacity of 505,000 lbs. for a combined load capacity of 1,255,000 lbs.
				
		 		 	•	 	Substructure outfitted with checkered floor plate and safety handrails with toe-boards.
				
		 		 	•	 	BOP trolley beams to extend to the front of the rig – under the V-door.
				
		 		 	•	 	Independent rotary drive built into substructure.
				
		 		 	•	 	Three (3) sets of stairs from working floor: two (2) to the ground and one (1) to the trip tank landing complete with handrails.
				
		 		 	•	 	One (1) mousehole to be included for Range II pipe.
				
		 		 	•	 	One (1) rathole to be included for Range II pipe.
				
		 		 	•	 	BOP stabilizer padeyes.
				
		 		 	•	 	V door ramp.
				
		 		 	•	 	Mast pedestal with shoes.
			
		 		 	The drill floor area is 21.5’ x 40’ (approximate). Approximate transport dimensions:
				
		 		 	•	 	Rotary side sub base: 40’ x 11.5’
				
		 		 	•	 	Setback side sub base: 40’ x 10.25’
				
		 		 	 Manufacturer:
	  	Global Energy Services
		 		 	 Country of Origin:
	  	USA
		 		 	 Model Number:
	  	QDSH-1600-S


							
			
	1.3	 	Lot	 	DRILL COLLARS
			
		 		 	Drill Collar
				
		 		 	•	 	DC 8.00X2.81X31.00 NC 56 BB box
		 		 	up NC 56 API RG pin DWN STD slip 10” HB 1”
		 		 	above slip APP on OD
		 		 	8 each
			
		 		 	Drill Collar
				
		 		 	•	 	DC 7X2.81X31 NC50 BB box up NC
		 		 	50 API RG pin DWN STD slip 10” HB 1” above slip
		 		 	applied on OD
		 		 	24 each


					
			
	1.4	 	Lot	 	DRILL PIPE
			
		 		 	DRILL PIPE - TEXAS STEEL CONVERSION, DRILL
		 		 	PIPE. 5” IEU X 19.50 LB/FT GRADE S-135 RANGE 2:
		 		 	31.5’(+6”/-12”) pipe body meets 95%
		 		 	Remaining wall tool joints - 6 5/8” ODX2 3/4”


  

					
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		 		 	ID with NC 50 threads, tool joints 2” longer
		 		 	than standard API - 9” pin tong space, 12” box
		 		 	tong space ARMACOR M HARDBANDING box end
		 		 	only/HARDBANDING is inlaid (applied in a 3/32”
		 		 	deep groove) box tool joint approx. 3” length of Hardband on the
		 		 	OD (flush to 1/32” raised) approx. 75” length of Hardband on
		 		 	the 18 degree taper and 3 fingers (flush with
		 		 	taper) TK34 internal plastic coating mand
		 		 	and break included (3 cycles). Plastic thread protectors.
		 		 	15 K feet total
			
	1.5	 	1	 	BOP UNIT
			
		 		 	BOP STACK:


							
				
		 		 	•	 	Double BOP 11” 5,000 Studded Top & Bottom, Horn HD
		 		 		 	W/4 - 4 1/16 5,000 Outlets, New, With Rams
				
		 		 	•	 	Annular BOP 11” 5,000 Horn Spherical, W/11” 5,000
		 		 		 	Bottom Flange, With new Packer and Seal Kit, New
				
		 		 	•	 	Mud Cross 11” 5,000 Flanged Top and Bottom, W/2-4 1/8 5,000
		 		 		 	Extended Flanged Outlets, 24” Tall
				
		 		 	•	 	Single BOP 11” 5,000 Flanged Top & Bottom, Horn HS
		 		 		 	W/4 - 4 1/16 5,000 Outlets, New, With Rams
			
		 		 	CLOSING UNIT:
				
		 		 	•	 	5 Station 120 Gallon Accumulator
				
		 		 	•	 	Single Manual Broad Band Regulators
				
		 		 	•	 	1 Fail Safe  3/4” Full Flow Regulator
				
		 		 	•	 	With direct read gauges on remote
				
		 		 	•	 	1 43 to 1 Graco air pump high/low
				
		 		 	•	 	Bypass valve 12 11 gallon bottles
				
		 		 	•	 	5 1” Barksdale valves 1” Triplex pump
				
		 		 	•	 	25 HP Electric Motor #2 Allen Bradley
				
		 		 	•	 	Starter & Barksdale Pressure Switch
				
		 		 	•	 	Remote Control Panel 6 Station
				
		 		 	•	 	120” JB 16 Remote Hose Assembly
				
		 		 	•	 	Gallons HD 32 Oil 10WT Hydraulic
			
	1.6	 	1	 	DRAWWORKS
			
		 		 	GES-1600-AC Drawworks:
				
		 		 	•	 	1600 HP input power
				
		 		 	•	 	Heavy duty drawworks skid designed to travel on the mud boat during transportation
				
		 		 	•	 	Heavy duty shell cover with removable access panels
				
		 		 	•	 	Heavy duty drum sized for the application and grooved for 1-3/8” drill line


  

					
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		 		 	•	 	One (1) integrated parking brake system HPU	 	
					
		 		 	•	 	One (1) spring set, hydraulic release disc parking brake complete with controller	 	
					
		 		 	•	 	Configured to operate with one AC drive motor	 	
				
		 		 	Drive Assembly:	 	
					
		 		 	•	 	One (1) 1500 HP continuous, 1830 HP intermittent drawworks duty AC drive motor complete with one (1) 20 HP blower, pressure switch, junction box, RTDs, space heater and
encoder.	 	
					
		 		 	•	 	Drawworks controls are mounted in the driller’s cabin.	 	


							
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	GES-1600-AC


									
				
		 		 	SECTION 2	 	
			
	2.0	 		 	MAST & RIG FLOOR ACCESSORIES
			
	2.1	 		 	TRAVELING ASSEMBLY
			
		 		 	One (1) 400 ton traveling block with six (6) 42” sheaves, sealed bearings grooved for 1-3/8” drill line.
		 		 	T-Bar Conversion Kit


							
				
		 		 	Manufacturer:	 	Global Energy Services or Equal
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	2.2	 		 	TOP DRIVE
			
		 		 	Top Drive System Package - Model TDS-11SA - 500T complete with the following:
				
		 		 	•	 	7500 psi Mud Path
				
		 		 	•	 	Counterbalance Package
				
		 		 	•	 	S-Pipe Package – RH Front, 5000 psi, 4” LPT
				
		 		 	•	 	Carriage Package
				
		 		 	•	 	Lubrication Kit
				
		 		 	•	 	PH – 75 Pipe Handler Package w/Tool Kit
				
		 		 	•	 	Driller’s Console, UL, Purge - able w/Driller’s Console Cable Assembly
				
		 		 	•	 	Guide Beam Kit
				
		 		 	•	 	Basic Tieback Kit
				
		 		 	•	 	Hydraulic Package
				
		 		 	•	 	Kit, Service Loop, UL
				
		 		 	•	 	Derrick Leg Cable Kit
				
		 		 	•	 	Electrical Package


  

					
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		 		 	Manufacturer:	 	NOV
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TDS-11SA
			
	2.3	 		 	IRON ROUGHNECK SYSTEM
			
		 		 	Hydraulic Iron Roughneck System
			
		 		 	Compact, pedestal mounted unit combines spinning and torque, the ST-80C is floor mounted socket for support; no hanging cables or overhead equipment is involved. HPU
model HP-35S included.
			
		 		 	Technical Specifications:


									
					
		 		 	•	 	Tubular OD Range	 	4-1/4” to 8-1/2” (108-216 mm)
					
		 		 	•	 	Nominal Drill Pipe Sizes	 	3-1/2” to 5-1/2” (89-140mm)
					
		 		 	•	 	Spin Speed	 	100 RPM (nominal on 5” DP)
					
		 		 	•	 	Spin Torque	 	1,750 ft./lbs. ( 2372 Nm)
					
		 		 	•	 	Maximum Make-up Torque	 	60,000 ft./lbs. (81500 Nm)
					
		 		 	•	 	Maximum Brake-up Torque	 	80,000 ft./lbs. (108500 Nm)
					
		 		 	•	 	Horizontal Adjustment	 	60” (1542 mm)
					
		 		 	•	 	Vertical Adjustment	 	72” (914 mm)
					
		 		 	•	 	Nominal Connection Height	 	23” to 59” (584-1498 mm)


							
				
		 		 	Manufacturer:	 	NOV
		 		 	Country of Origin:	 	USA


									
			
	2.4	 	1	 	HYDRAULIC CATWALK
			
		 		 	Pipe Cat - PC-5-47
				
		 		 	•	 	V-Door Ramp 26’-30’
				
		 		 	•	 	SBC Amphion Controls Pipe Cat
				
		 		 	•	 	Radio Control, Pipe Cat
				
		 		 	•	 	Local Control Station
				
		 		 	•	 	50 HP HPU Unit


							
				
		 		 	Manufacturer:	 	NOV
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	PC-5-47


							
			
	2.5	 	1	 	INDEPENDENT ROTARY SYSTEM
			
		 		 	27.5” rotary table featuring a rigid box-type base, cartridge type pinion shaft assembly with roller bearings, turntable locking-dog with selection of permanent
lock in both directions. Heat treated spiral bevel ring gear and pinion. Precision alloy-steel main table ball bearing and upper thrust ball bearing, centralized oil and grease lubrication.
			
		 		 	Drive Assembly:


									
				
		 		 	•	 	One (1) 1150 HP continuous, 1400 HP intermittent rotary duty AC drive motor
				
		 		 	•	 	One (1) 15 HP blower, pressure switch, junction box, and RTDs


  

					
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		 		 	•	 	Space heater and encoder
				
		 		 	•	 	One (1) rotary master bushing
				
		 		 	•	 	One (1) pneumatic inertia brake system, spring release and air set
				
		 		 	•	 	One (1) torque tube driveshaft


							
				
		 		 	Manufacturer:	 	Global Energy Services or Equal
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	2.6	 	1	 	MUD BOAT
			
		 		 	One (1) mud boat complete with:
				
		 		 	•	 	Fabricated steel structure
				
		 		 	•	 	Mast dolly guides
				
		 		 	•	 	Deadline anchor mount
				
		 		 	•	 	Hydraulic mast leveling cylinders
				
		 		 	•	 	Mast guides
				
		 		 	•	 	Raising padeyes


							
				
		 		 	Mud Boat Area:	 	13.5’ x 51.6’ (approximate)
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	QDSH-1600-MB


							
			
	2.7	 	1	 	DEADLINE ANCHOR
			
		 		 	One (1) deadline anchor for use with 1-3/8” wire rope, 100,000 lb. deadline load.
		 		 	Note: Deadline Anchor is mounted on the Mud Boat.
				
		 		 	Manufacturer:	 	Hercules
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	HA-131T


							
			
	2.8	 	1	 	HYDRAULIC POWER UNIT (HPU)
			
		 		 	HPU system is complete with the following:
				
		 		 	•	 	Oilfield type skid, 10’ wide x 40’ long (approximate) with loading hitches
				
		 		 	•	 	High pressure piping
				
		 		 	•	 	Low pressure piping
				
		 		 	•	 	Lighting fixtures
				
		 		 	•	 	Air supply line
			
		 		 	HPU package is supplied complete with:
				
		 		 	•	 	One (1) 75 HP electric motor driven hydraulic pump
				
		 		 	•	 	One (1) 4-cylinder diesel driven portable power unit
				
		 		 	•	 	One (1) 50 gallon fuel tank


  

					
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		 		 	Unitized complete with:
				
		 		 	•	 	Commercial Shearing gear pumps
				
		 		 	•	 	All necessary valves, hoses, fittings, quick disconnects
				
		 		 	•	 	Valve bank for substructure, driller’s cabin and equipment skid elevation
				
		 		 	•	 	One (1) 1200 gallon reservoir tank


					
			
		 		 	Unit also supplies the hydraulic power for mast raising / lowering and operation of the drill line spooler.
			
	2.9	 	1	 	STANDPIPE ASSEMBLY
			
		 		 	5” single standpipe assembly with clamps installed on off-driller’s side to include weld type unions with schedule XXH piping.
			
	2.10	 	1	 	STANDPIPE MANIFOLD ASSEMBLY
			
		 		 	5” 5,000 lb. WP standpipe manifold assembly with:


							
				
		 		 	•	 	Connections for one (1) 2” 5000 PSI pressure gauge
				
		 		 	•	 	One (1) 2” 5000 PSI kill/fill line
				
		 		 	•	 	Two (2) 2” welded connections for mud pump sensors
				
		 		 	•	 	Welded type unions and schedule XXH piping to be utilized
			
	2.11	 	1	 	ROTARY HOSE
			
		 		 	4” full bore ID x approximately 65’ (75’ with top drive) 5000 PSI working pressure coupled with Fig. 1002 connections on each end.
			
	2.12	 	1	 	50MT BOP HANDLING SYSTEM
			
		 		 	One (1) 50MT pneumatic BOP handling system complete with:
				
		 		 	•	 	Two (2) 25 metric ton air powered hoists
				
		 		 	•	 	Air powered trolleys
				
		 		 	•	 	17’ lift
			
	2.13	 	1	 	FLOW LINE
			
		 		 	10” Flowline from the bell nipple to the shaker.
			
	2.14	 	12	 	PIPE RACKS
			
		 		 	18” high x 28’ long triangular pipe racks composed of:
				
		 		 	•	 	4” pipe
				
		 		 	•	 	3/4” plate legs
			
	2.15	 	2	 	HYDRAULIC WINCH
			
		 		 	PD-12C hydraulic drill floor service winches.
				
		 		 	•	 	Planetary type hydraulic winch


  

					
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		 		 	•	 	Power in and power out
				
		 		 	•	 	Automatic fail safe brake
				
		 		 	•	 	Includes all piping for the handling winches
				
		 		 	•	 	335’ of 9/16” wireline
				
		 		 	•	 	Maximum pull 8300# mean, 12000# bare drum
			
	2.16	 	1	 	MANRIDER WINCH
			
		 		 	Ingersoll-Rand Manrider air winch
		 		 	Personnel rating: 500 lbs.
			
	2.17	 	1	 	WIRELINE UNIT
			
		 		 	One (1) Five Star Wireline Unit complete per the following:
				
		 		 	•	 	Lightweight sturdy construction
				
		 		 	•	 	Single lift frame and forklift pockets
				
		 		 	•	 	Skid base has provision for easy mounting on drill floor
				
		 		 	•	 	Guards on all rotating parts
				
		 		 	•	 	Drum capacity: 15,000 feet of 0.092” wireline
				
		 		 	•	 	Hydraulic transmission and heavy duty hydraulic motor
				
		 		 	•	 	High performance dual drum brake


									
			
	2.18	 	1	 	MAST DOLLY AND DRILL LINE SPOOLER
			
		 		 	One (1) four axle mast dolly complete with integrated drill line spooler to include 5,000’ of 1-3/8” EIPS drill line.
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	GES-QDSH-MD


							
			
		 		 	SECTION 3
			
	3.0	 		 	MUD SYSTEMS, UNITIZATION & ACCESSORIES
			
		 		 	Mud pumps, unitization and accessories is to be supplied per the following:
			
	3.1	 	2	 	MUD PUMP
			
		 		 	Single acting triplex 1600 HP mud pump complete with the following:
			
		 		 	Fully enclosed welded steel plate frame power end, double helical gears, double extended pinion shaft, self-aligning spherical main and pinion shaft bearings, roller
bearings at crank and crosshead end of connecting rods, shim-adjustable and replaceable crosshead guide, oil-bath and positive flow lubrication systems, electric motor-driven, external circulating lube


  

					
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		 		 	oil pump and filter with ac motor, oil gauge and associated piping. Fluid-end modules, suction and discharge manifold included. Liner flushing pump and reservoir
includes AC electric motor, piping, manifold and hose. Companion flange for suction manifold 8” suction strainer.
				
		 		 	Manufacturer:	 	BOMCO
		 		 	Country of Origin:	 	China
		 		 	Model Number:	 	1600 HP


							
			
	3.2	 	2	 	AC DRIVE MOTORS
			
		 		 	One (1) 1500 HP continuous, 1830 HP intermittent mud pump duty AC drive motor complete with:
				
		 		 	•	 	One (1) 20 HP blower
				
		 		 	•	 	Pressure switch, junction box, RTDs and space heater


									
				
		 		 	Manufacturer:	 	TBD
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	3.3	 	2	 	PUMP SKID UNITIZATION
			
		 		 	Mud Pumps will be unitized complete per the following:
				
		 		 	•	 	Structural steel three-runner skid master skid
				
		 		 	•	 	One (1) belt drive assembly with guard, belts and drive sheaves
				
		 		 	•	 	One (1) adjustable motor base plate


									
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	NIA


							
			
	3.4	 	2	 	PULSATION DAMPENER
			
		 		 	Pulsation Dampener per the following:
				
		 		 	•	 	5000 PSI maximum service pressure
				
		 		 	•	 	20 gallon surge capacity
				
		 		 	•	 	4” API 5000 ring joint connection


									
				
		 		 	Manufacturer:	 	BOMCO
		 		 	Country of Origin:	 	China
		 		 	Model Number:	 	PD-55 style


  

					
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	3.5	 	2	 	RELIEF VALVE
			
		 		 	3” relief valve, manual reset type, 1500-6000 PSI with welded connections.


									
				
		 		 	Manufacturer:	 	TBD
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	3.6	 	2	 	PRESSURE GAUGE
			
		 		 	Pressure gauge, 0-6,000 PSI range with 2” flanged connection.


							
			
	3.7	 	2	 	STRAINER ASSEMBLY
			
		 		 	Strainer assembly with 5” outlet.


							
			
	3.8	 	1	 	LOW PRESSURE MUD UNITIZATION
			
		 		 	Suction system complete for two (2) pumps as follows:
			
		 		 	Mount two (2) charging pumps on existing mud pump skid extension. Provide two (2) 8” suction lines from suction valves on one common line fed by the pill and
suction pits in the suction tank. The suction lines feed the mud pump and the supercharging pump. The charging pump discharges directly to the triplex pump.
			
		 		 	Two (2) supercharging pump assembly complete with:
			
		 		 	5 x 6 x 11 centrifugal pump with mechanical seal mounted on an oilfield base type skid with coupling, OSHA compliant coupling guard and 40 HP, 1200 rpm, 480 volt,
3-phase, 60 Hz AC motor.


									
				
		 		 	Manufacturer:	 	TBD
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	3.9	 	1	 	HIGH PRESSURE MUD UNITIZATION
			
		 		 	One (1) 5” 5,000 PSI WP high pressure mud delivery system for two (2) mud pumps as follows:
			
		 		 	Provide one (1) 5” schedule XXH line complete with hammer unions at break points from mud pumps to the bottom of the substructure via vibrator hoses and schedule
XXH pipe.


							
			
	3.10	 	SET	 	VIBRATOR HOSES
			
		 		 	Four (4) 4” full bore ID x 12’ 5000 lb. working pressure with 5” Fig 1002 connections for connection of mud pumps to above high pressure mud
lines.


							
			
		 		 	SECTION 4
			
	4.0	 	1	 	LOW PRESSURE MUD SYSTEM
			
		 		 	Low Pressure Mud System complete with:


							
				
		 		 	•	 	One (1) self elevating equipment skid


  

					
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		 		 	•	 	One (1) mud cleaning round bottom tank
				
		 		 	•	 	One (1) suction round bottom tank
				
		 		 	•	 	One (1) mud mixing skid
				
		 		 	•	 	One (1) mud gas separator and trip tank skid
				
		 		 	•	 	Total capacity of approximately 900 BBL


									
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	4.1	 	1	 	SELF ELEVATING EQUIPMENT SKID
			
		 		 	All equipment, shakers, desilter, degasser and centrifuge are mounted on the self elevating equipment skid. The shaker sump aligns and feeds into the mud ditch on the
cleaning tank. This skid assembly is supplied complete with the following:
			
		 		 	Dual Derrick® FLC-503 / High “G” Shaker


							
				
		 		 	•	 	Two (2) Single Side Tensioning Systems
				
		 		 	•	 	Pyramid & Pyramid Plus Screen Technology
				
		 		 	•	 	+5° uphill to -1° downhill / hand ratchet adjustable while drilling
			
		 		 	One (1) common skid complete with:
				
		 		 	•	 	Dual integrated hopper’s for screen underflow
				
		 		 	•	 	Center trough for feeder by-pass
				
		 		 	•	 	Center walkway with galvanized serrated grating
				
		 		 	•	 	Three (3) gates for channeling flow within the trough
				
		 		 	•	 	One (1) Door for directing screen underflow from hopper’s
			
		 		 	Two (2) Weir feeder’s with common back tank complete with:
				
		 		 	•	 	Individual weir flow diverter gates
				
		 		 	•	 	One drop in weir close-off door
				
		 		 	•	 	Center by-pass with 8” ANSI flange for knife gate valve
			
		 		 	One (1) 8” Knife gate valve complete with:
				
		 		 	•	 	Cast iron body
				
		 		 	•	 	304 stainless steel gate
				
		 		 	•	 	Viton seat
				
		 		 	•	 	Hand wheel actuator
				
		 		 	•	 	Standard Hopper – for screen underflow
			
		 		 	Derrick® Desilter (Stand Alone Inline)
			
		 		 	Model # S-416-S
				
		 		 	•	 	Complete w/ Sixteen 4” Cones
				
		 		 	•	 	Rated at 1,280 GPM with 75’ of head
			
		 		 	Derrick® Desander (Stand Alone Vertical)
			
		 		 	Model# DSV-10-3
				
		 		 	•	 	Complete w/ Three 10” Cones
				
		 		 	•	 	Rated at 1500 GPM with 75’ of head


  

					
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		 		 	Derrick® Degasser
			
		 		 	Model# VACU-Flo @ 1200
				
		 		 	•	 	Vessel and Vacuum pump skid mounted
				
		 		 	•	 	Complete with Venturi and Eductor


									
				
		 		 	Manufacturer:	 	Derrick
		 		 	Country of Origin:	 	USA


							
			
	4.2	 	1	 	MUD CLEANING TANK
			
		 		 	Mud Cleaning Tank five (5) compartments as follows:
				
		 		 	•	 	Approximately 57 BBL Sand Trap compartment
				
		 		 	•	 	Approximately 91 BBL Degassing compartment
				
		 		 	•	 	Approximately 91 BBL Desilting compartment
				
		 		 	•	 	Approximately 91 BBL Desander compartment
				
		 		 	•	 	Approximately 115 BBL Centrifuge compartment
			
		 		 	The Mud cleaning tank is comprised of:
				
		 		 	•	 	Round bottom to reduce settling
				
		 		 	•	 	Solid checkered plate decking
				
		 		 	•	 	Hinged man-ways in each compartment
				
		 		 	•	 	Fold-over handrails with built-in toe plate
				
		 		 	•	 	Gated mud ditch for easy clean out
				
		 		 	•	 	Four (4) full partitions with top equalizers
				
		 		 	•	 	Four (4) 8” bottom equalizer valves
				
		 		 	•	 	Porch to accommodate desilter/desander pump
				
		 		 	•	 	Mud ditch with dump gate to each compartment
				
		 		 	•	 	Tank clean-out
				
		 		 	•	 	Mud jetting system fed off rim line
			
		 		 	The Mud cleaning tank Components comprised of:
				
		 		 	•	 	Two (2) 6 x 8 x 14 direct drive Centrifugal pumps with 11” impellers, mechanical seals each powered by a 75 HP, 480 volt, 3-phase, 60 hertz AC motor mounted on tank
porch
				
		 		 	•	 	One (1) 8” bottom equalizer with butterfly valve to suction tank
				
		 		 	•	 	One (1) 8” ditch connection to suction tank
				
		 		 	•	 	One (1) 6” mud mix line connection to suction tank
				
		 		 	•	 	One (1) 3” water line connection to suction tank
				
		 		 	•	 	One (1) 2” water inlet complete with butterfly valves for filling each tank compartment
				
		 		 	•	 	Four (4) 8” butterfly valve clean-out gates
				
		 		 	•	 	Four (4) 10 HP agitators
				
		 		 	•	 	One (1) 1” diameter x 25’ long valved water wash-down hose


  

					
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	4.3	 	1	 	SUCTION TANK
			
		 		 	Suction Tank three (3) compartments as follows:
				
		 		 	•	 	Approximately 146 BBL Pill compartment
				
		 		 	•	 	Approximately Two (2) 150 BBL Suction compartments
			
		 		 	The Suction tank is comprised of:
				
		 		 	•	 	Round bottoms to eliminate the need for mud guns and to reduce settling
				
		 		 	•	 	Solid checkered plate decking
				
		 		 	•	 	Hinged man-ways in each compartment
				
		 		 	•	 	Fold-over handrails with built-in toe plate
				
		 		 	•	 	Gated mud ditch for easy clean out
				
		 		 	•	 	Two (2) full partitions with top equalizers
				
		 		 	•	 	Two (2) 8” bottom equalizer valves
				
		 		 	•	 	Porch to accommodate two (2) mud mixing and circulation pumps
				
		 		 	•	 	Mud ditch with dump gate to each compartment
				
		 		 	•	 	Tank clean-out
			
		 		 	The Suction tank Components comprised of:
				
		 		 	•	 	Two (2) direct drive 6 x 8 x 14 centrifugal pumps: one (1) transfer and one (1) mixing with 11” impeller, mechanical seals, powered by a 75 HP, 1800 rpm, 480 volt, 3-phase,
60 Hz motor
				
		 		 	•	 	Three (3) 10 HP agitators
				
		 		 	•	 	Three (3) 8” butterfly valve clean-out gates
				
		 		 	•	 	Six (6) 6” butterfly suction valves, two (2) in each compartment for mixing system
				
		 		 	•	 	One (1) 2” water inlet complete with butterfly valves per compartment for filling compartments.
				
		 		 	•	 	One (1) 1” diameter x 25’ long valve water wash-down hose
				
		 		 	•	 	One Hull Hopper
			
	4.4	 		 	MUD MIXING SKID
			
		 		 	Mud mixing skid to include the following equipment:
				
		 		 	•	 	One (1) two-runner 10’ wide by 12’ long mud mixing skid with oilfield type hitch on each end
				
		 		 	•	 	lighting and roof
				
		 		 	•	 	two (2) 6” hoppers complete with sack table


  

					
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	4.5	 	1	 	MUD GAS SEPARATOR & TRIP TANK
			
		 		 	Oilfield type skid combination to include the Mud Gas Separator, Choke & Kill Manifold to be comprised of the following:
			
		 		 	Mud Gas Separator:
				
		 		 	•	 	Each skid to be 3-runner, 8’ wide x 20’ long (approximately)
				
		 		 	•	 	One (1) 1200gpm mud gas separator, 48” diameter and 16’ overall length
				
		 		 	•	 	Inlet to be 6” diameter
				
		 		 	•	 	Outlet to be 8” diameter
				
		 		 	•	 	Vent line to be 8” diameter
				
		 		 	•	 	Inspection hatch to be 20” diameter
				
		 		 	•	 	Hydraulically raised
				
		 		 	•	 	Unit also includes integrated piping
			
		 		 	Trip Tank:
			
		 		 	One (1) approximately 100 BBL trip tank complete with two (2) 2x3x13 centrifugal pumps with 11” impellers with direct drive pumps with mechanical seals powered
by 25 HP, 1800 RPM, 480 volt 3-phase, 60 Hz AC motors and provisions for remote start/stop from drill floor. Manual line-of-sight markers inside tank to gauge fluid level.
			
		 		 	Choke & Kill Manifold Mounting:
				
		 		 	•	 	Manifold Consisting of:
				
		 		 		 	5 Way Cross 4 1/8” 5,000wp x 4 1/18” 5,000wp x 2 1/16”
		 		 		 	5,000wp x 2 1/16” 5,000wp x 2 1/16” 5,000wp
		 		 		 	Manual Gate Valve, 4 1/8” 5,000wp Cameron Type
		 		 		 	FC w/ Handwheels
		 		 		 	Manual Gate Valve, 2 1/16” 5,000wp Cameron Type
		 		 		 	FC w/ Handwheels
		 		 		 	Adjustable Choke, Cameron H2, 2 1/16” 5,000wp
		 		 		 	Inlet x Outlet
		 		 		 	Adjustable Choke, Cameron H2, 2 1/16” 5,000wp
		 		 		 	Inlet x Outlet
		 		 		 	Companion Flange, 4 1/8” 5,000wp x 3” LP
		 		 		 	Spacer Spool, 2 1/16 5,000
		 		 		 	Buffer Tank, 9” OD x 7” 4130 75k Yield W/3-
		 		 		 	2 1/16” 5,000 extended flanged outlets
		 		 		 	Ring Gasket R-24
		 		 		 	Set Studs 7/8” x 6” B-7 W/2 nuts ea. (8 per set)
		 		 		 	Hydraulic Gate Valve, 4 1/8 5,000 Cameron Type
		 		 		 	Check Valve, 2 1/16 5M Type R
			
	4.6	 	1	 	JUNK BOX SKID WITH KOOMEY UNIT MOUNTS


  

					
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		 		 	SECTION 5
			
	5.0	 	1	 	POWER, AC DRIVE AND CONTROL SYSTEM
			
		 		 	GES, Power & AC Control system including the following:
			
	5.1	 	3	 	DIESEL ENGINES
			
		 		 	Caterpillar D-3512C SCAC diesel electric land engine rated at 1476 HP @ 1200 rpm, including:
			
		 		 	Updraft Radiator, rated 55°C, for engine jacket water and after cooler, blower fan, fan drive, fan pulleys, belt guard, water connections, fan guard, core guard
and fuel cooler.


									
				
		 		 	Manufacturer:	 	Caterpillar
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	3512C


							
			
	5.2	 	3	 	GENERATORS
			
		 		 	867 Frame, 2 Bearing, 1750 kVA, 600v, 60 Hertz, 0.7 p.f., form wound with Class H insulation, 1200 rpm, includes: space heater, bus bar and cable extension
box.


									
				
		 		 	Manufacturer:	 	Kato or Caterpillar
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	5.3	 	3	 	GENERATOR SKID UNITIZATION
			
		 		 	Oilfield type skid assembly to accommodate the engine, generator, radiator, compressor, dryer, cold start, and receiver, built as follows:
			
		 		 	Oilfield skid base, 18” wide flange, primary runners with 6” pipe ends oil field type hitch at each end with integrated step, 10’ wide x 31’
6” long roof (curved design) access ladder to roof, fuel and air piping with unions for connection of the engines and between skids, and pancake-style mufflers (mounted under roof).
			
		 		 	Est. Dimensions: 10’ wide x 40’


									
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	TBD


							
			
	5.4	 	2	 	COMPRESSOR
			
		 		 	Sullair 1809, Rotary Screw compressor complete per the following:


							
				
		 		 	•	 	25 HP
				
		 		 	•	 	Capacities from 106 acfm
				
		 		 	•	 	Pressures from 125 psig


  

					
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		 		 	•	 	Insulated intake and exhaust louvers
				
		 		 	•	 	High efficiency centrifugal Fan


							
			
	5.5	 	1	 	AIR DRYER
			
		 		 	One (1) Gardner Denver RNC-125 or equal refrigerated air dryer.
			
	5.6	 	1	 	COLD START
			
		 		 	One (1) Gardner Denver HDRS-3 or equal cold start complete with 9 HP Lombardini or equal Diesel, 16.5 CFM @ 125 psig.
			
	5.7	 	2	 	AIR RECEIVER
			
		 		 	Air receiver, 240 gallon with pressure relief valve, gauge and piping.
			
	5.8	 	1	 	POWER & AC CONTROL HOUSE
			
		 		 	GES Power & Control House designed to operate the following:


							
				
		 		 	•	 	Three (3) Caterpillar D-3512C SCAC diesel electric land engine rated at 1476 HP @ 1200 rpm, with 1750 kVA, 600 volt, 60 hertz generators
				
		 		 	•	 	One (1) 1600 HP GES Drawworks (DW) with one (1) 1500/1830 HP AC traction motor
				
		 		 	•	 	One (1) 800 HP Rotary Table (RT) with one (1) 1150/1500 HP AC traction motor
				
		 		 	•	 	One (1) 800 HP Top Drive (TD) with one (1) 800 HP AC traction motor
				
		 		 	•	 	Two (2) 1600 HP Mud Pumps (MP) with one (1) 1500/1830 HP AC traction motor each
			
		 		 	One (1) approximately 12’ wide x 11’6” high Power/Control House with two (2) 10-ton air conditioning systems containing three (3) Generator Cubicles
including:
				
		 		 	•	 	Synchronizing System
				
		 		 	•	 	Ground Fault Detection System
				
		 		 	•	 	Diesel Engine Battery System
				
		 		 	•	 	Power Limit Circuit
				
		 		 	•	 	Woodward Generator control modules
			
		 		 	Two (2) 3200A, 3-phase Diode Converters
		 		 	Two (2) 1200 HP (Dual 600 HP) Variable Frequency Drives, 4 Quadrant PWM Inverter for RT & TD
		 		 	Three (3) 1600 HP (Dual 800 HP) Variable Frequency Drives, 4 Quadrant PWM Inverter for DW, MP1, and MP2.
		 		 	Two (2) 800ADC, 940VDC, Dynamic Brake Chopper (for DC Bus Over Voltage Protection)
			
		 		 	Siemens S7-300 PLC system contains the following:
				
		 		 	•	 	CPU module
				
		 		 	•	 	I/O modules
				
		 		 	•	 	Communication modules
				
		 		 	•	 	Interfaces to all the control system components
			
		 		 	One (1) HMI station with manual redundant communications Interface between the VFD


  

					
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		 		 	Control House and Driller’s Cabin
		 		 	One (1) lot Software design, configuration and programming of PLC and HMI
		 		 	One (1) 1250A Feeder Breaker for 1 000 kVA, 600-480v transformer
		 		 	One (1) 150A Feeder Breaker for 112.5 kVA Lighting transformer
		 		 	Nine (9) Sections of 480 VAC, Motor Control Center (MCC) & Distribution
		 		 	One (1) 120/208v, Lighting Panel
		 		 	One (1) Plug Panel Section for Output Power & Control
		 		 	One (1) Lot Generator Input Windows with bus & lug connections
		 		 	One (1) 1000 kVA, 600-480v, MCC Transformer
		 		 	One (1) 112.5 kVA, 480-20811 20v Lighting Transformer
		 		 	Two (2) 3200A AC Reactors


							
			
	5.9	 	1	 	CAMP TRANSFORMER
			
		 		 	Camp Transformer, 112.5 kVA, 480-120/208 volt mounted on skid.
			
		 		 	Distribution box containing one (1) main breaker box and six (6) 100 amp receptacles to feed six (6) trailers.
			
		 		 	Transformer to receive power from the VFD house via one (1) run of cable from VFD control house to transformer incoming power box.


									
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	


							
			
	5.10	 	1	 	DRILLER’S CABIN/PARTS ROOM
			
		 		 	12’ wide x 28’ long x 7’ clear ceiling height with 3’ porch on one (1) end. Driller’s cabin walls are fabricated of 12-gauge insulated
panels and the crimp wall parts room is open to the drill floor. Parts room to be fully enclosed with viewing windows similar to driller’s cabin.
			
		 		 	Driller’s Cabin House includes:


							
				
		 		 	•	 	Two (2) personnel doors
				
		 		 	•	 	One (1) side walkway
				
		 		 	•	 	One (1) air conditioner
				
		 		 	•	 	Three (3) interior lights
				
		 		 	•	 	Removable transportation covers
			
		 		 	Parts Room includes:
				
		 		 	•	 	One (1) set of shelves
				
		 		 	•	 	One (1) work bench
				
		 		 	•	 	Two (2) interior lights
				
		 		 	•	 	Two (2) 110 outlets
			
		 		 	Driller’s cabin/tool room is to be unitized with master skid and will be elevated to drill floor height by hydraulic cylinders.


  

					
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		 		 	One raising skid to accommodate driller’s cabin and parts room designed elevate to the substructure level.
			
		 		 	Controls and indicators located on the operation consoles include:
			
		 		 	Three (3) Hand Throttles:
				
		 		 	1 .	 	Mud Pump 1
				
		 		 	2.	 	Mud Pump 2
				
		 		 	3 .	 	Rotary Table
			
		 		 	One (1) Joystick for Drawworks
			
		 		 	Seven (7) Selector Switches:
				
		 		 	1 .	 	Mud Pump 1 “ON – OFF”
				
		 		 	2.	 	Mud Pump 2 “ON – OFF”
				
		 		 	3.	 	Drawworks “ON – OFF”
				
		 		 	4.	 	Rotary Table “Reverse-Off-Forward”
				
		 		 	5.	 	Rotary Table Brake “ON-OFF”
				
		 		 	6.	 	Drawworks “Slow-Normal”
				
		 		 	7.	 	Drawworks Hydraulic Brake “Park-Auto”
			
		 		 	Two (2) Analog Gauges:
				
		 		 	1 .	 	Hook Load
				
		 		 	2.	 	Rotary Torque
			
		 		 	One (1) Potentiometer for Rotary Table Torque Limit
		 		 	One (1) Momentary Pushbutton for “Drawworks Limit Override”
			
		 		 	Two (2) Pushbuttons:
				
		 		 	1.	 	Rig HPU “Start-Stop & ON light”
				
		 		 	2.	 	Trip tank “Start-Stop & ON light”
			
		 		 	Two (2) Emergency Shutdown pushbuttons:
				
		 		 	1 .	 	Power/Control House emergency shutdown (VFD’s Shutdown)
				
		 		 	2.	 	Drawworks emergency shutdown (Drawworks VFD Shutdown)
			
		 		 	Two (2) HMI stations with touch screens will provide controls, status monitoring, data acquisition and management for the following:
				
		 		 	•	 	Drawworks
				
		 		 	•	 	Mud pumps
				
		 		 	•	 	Auto driller
				
		 		 	•	 	Crown floor stops
				
		 		 	•	 	Rotary table
				
		 		 	•	 	Drives
				
		 		 	•	 	Top drive
				
		 		 	•	 	Alarms/shutdowns
				
		 		 	•	 	System data


  

					
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		 		 	The indicators and controls displayed on the HMI screen will include:
				
		 		 	1.	 	Generators
					
		 		 		 	a.	 	Run / Stop
					
		 		 		 	b.	 	Online / Offline
					
		 		 		 	c.	 	KW, kVA, VOLTS, Hz
					
		 		 		 	d.	 	RUN TIME
				
		 		 	2.	 	Mud Pumps
					
		 		 		 	a.	 	Digital/Analog control
					
		 		 		 	b.	 	Pump pressure max set point
					
		 		 		 	c.	 	Strokes set point
					
		 		 		 	d.	 	On/off status
					
		 		 		 	e.	 	Make Connection Pause
				
		 		 	3.	 	Drawworks
					
		 		 		 	a.	 	Crown Floor Stops
					
		 		 		 	b.	 	Block Position
					
		 		 		 	c.	 	HI/LOW speed
					
		 		 		 	d.	 	Park Brake
					
		 		 		 	e.	 	Power Limit
				
		 		 	4.	 	Auto Driller
					
		 		 		 	a.	 	Weight on Bit
					
		 		 		 	b.	 	Rate of Penetration
					
		 		 		 	c.	 	Hook load
				
		 		 	5.	 	Rotary Table
					
		 		 		 	a.	 	Torque Set point
					
		 		 		 	b.	 	Actual Torque
					
		 		 		 	c.	 	Speed (RPM)
					
		 		 		 	d.	 	Automatic Torque Release
					
		 		 		 	e.	 	Park Brake
				
		 		 	6 .	 	Drives
					
		 		 		 	a.	 	On/off status
					
		 		 		 	b.	 	MAX RPM
					
		 		 		 	c.	 	Actual rpm
					
		 		 		 	d.	 	Voltage
					
		 		 		 	e.	 	Current
					
		 		 		 	f.	 	KW
					
		 		 		 	g.	 	Torque
				
		 		 	7.	 	Alarms
					
		 		 		 	a.	 	Drive lockouts
					
		 		 		 	b.	 	Motor Overtemp
					
		 		 		 	c.	 	Blower / Auxiliary Equipment Fault
					
		 		 		 	d.	 	Crown Floor Exceeded
					
		 		 		 	e.	 	Bearing oil Pressure Failure
					
		 		 		 	f.	 	Brake Limit Switch Fault
					
		 		 		 	g.	 	Over speed Fault


  

					
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		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	


							
			
	5.11	 	1	 	GES ELECTRONIC DRILLER
			
		 		 	One (1) GES Electronic Driller controls the drilling operation by utilizing the regenerative ability of the AC Drawworks. The electronic driller provides weight on
bit (WOB), rate of penetration (ROP), Rotary torque control and monitoring.


									
				
		 		 	Manufacturer:	 	Global Energy Services
		 		 	Country of Origin:	 	USA
		 		 	Model Number:	 	ED1600


							
			
		 		 	SECTION 6
			
	6.0	 		 	HOUSES, TANKS & MISCELLANEOUS
			
		 		 	System equipment, Houses and Tanks complete per the following:
			
	6.1	 	1	 	TOOL HOUSE SKID ASSEMBLY
			
		 		 	10’ wide x 32’ long three-runner oilfield type skid with loading hitches 28’ long parts room complete with:


							
				
		 		 	•	 	Two (2) Open shelves
				
		 		 	•	 	One (1) Work bench
				
		 		 	•	 	Two (2) Lights
				
		 		 	•	 	One (1) Plug Panel
				
		 		 	•	 	Three (3) Electrical outlets
				
		 		 	•	 	Two (2) 66” Sliding doors on either side
				
		 		 	•	 	One (1) Manway door
			
	6.2	 	1	 	DRILL WATER TANK


							
			
		 		 	500 BBL round water tank with:
				
		 		 	•	 	3” water line to suction tank.
				
		 		 	•	 	One (1) 5’ porch (approximate)
				
		 		 	•	 	Two (2) 2 x 3 x 13 centrifugal pump each powered by a 25 HP, 1800 rpm, 480 volts, 3-phase, 60 Hz AC motor.

  

							
			
	6.3	 	1	 	DIESEL FUEL TANK
			
		 		 	500 BBL Cylindrical Diesel tank with:


							
				
		 		 	•	 	Two (2) Roper AMD 27 pumps each with 3 HP, 1800 rpm, 480 volt, 3-phase, 60 Hz AC motor
				
		 		 	•	 	One (1) 5’ porch (approximate)
				
		 		 	•	 	2” fuel line


  

					
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		 		 	SECTION 7
			
	7.0	 		 	RIG UP, TEST, RIG DOWN
			
		 		 	Is all inclusive of all labor and facilities to complete per the following per GES standard:
			
	7.1	 	1	 	STRUCTURAL & MECHANICAL
			
		 		 	The Mechanical Rig-up is based on GES standard practice and scope of supply and is to include the following:


							
				
		 		 	•	 	Set and assemble mast and substructure
				
		 		 	•	 	Install all flooring and handrails
				
		 		 	•	 	Install stairs and v-door
				
		 		 	•	 	Set and align rotary table
				
		 		 	•	 	Set and align Drawworks
				
		 		 	•	 	Set driller’s cabin/tool house skid assembly
				
		 		 	•	 	Install mast accessories (racking board, etc.)
				
		 		 	•	 	String up traveling block
				
		 		 	•	 	Set and align mud pumps
			
		 		 	Set and align equipment including:
				
		 		 	•	 	Mud system
				
		 		 	•	 	Water tank
				
		 		 	•	 	Fuel tank
				
		 		 	•	 	Driller’s Cabin
				
		 		 	•	 	BOP Closing unit
				
		 		 	•	 	Catwalk
			
		 		 	Provide pipe, fittings, hoses and valves for following accessory systems:
				
		 		 	•	 	Water system that provides water supply to rig floor wash down
				
		 		 	•	 	Fuel system that provides fuel to feed and return lines from fuel tank to generator sets
				
		 		 	•	 	Air system that provides air supply for accumulator unit and rig floor air manifold
				
		 		 	•	 	Transportation tie-down “D” rings every 10’-0” or where possible
			
		 		 	Provide hose connections from rig floor air manifold and other floor tools.
		 		 	Provide air supply to generator set engine starters.
			
		 		 	Provide and install the following miscellaneous items:
				
		 		 	•	 	Two (2) hydraulic hoist mounts
				
		 		 	•	 	Tong back-up post
				
		 		 	•	 	Hose hobbles for vibrator hoses


							
			
	7.2	 	1	 	ELECTRICAL


							
				
		 		 	•	 	All electrical will conform to GES standard guidelines.
				
		 		 	•	 	Provide and install two (2) mast light strings with fluorescent light fixtures and obstruction light.
				
		 		 	•	 	Provide and install rig lighting package consisting of fluorescent and metal halide light fixtures for rig floor, mud tanks, utility skids, substructure and
doghouse.
				
		 		 	•	 	Provide and install power and control cable for generators, AC motors, driller’s console and all related functions indicated in this proposal.


  

					
	QUICKSILVER® DRILLING SYSTEM	 	QDSH-1600	 	PAGE 23 of 25
	THEINRICH\004676\00002\744081.1	 		 	










							
	 ITEM
	 	 QTY
	 	 DESCRIPTION



							
			
	7.3	 	1	 	TESTING
			
		 		 	Testing will be per GES standard for all the GES supplied equipment will include the following:


							
				
		 		 	•	 	Fill mud tanks with water
				
		 		 	•	 	Provide lube products to all machinery
				
		 		 	•	 	Circulate water throughout mud system
				
		 		 	•	 	Run air compressors
				
		 		 	•	 	Mud pump test for maximum of four (4) hours at 3000 PSI
				
		 		 	•	 	Run all solids control equipment
				
		 		 	•	 	Load test generators
				
		 		 	•	 	Run all generator sets in parallel
				
		 		 	•	 	Test all VFD assignments
			
	7.4	 	1	 	PROJECT MANAGEMENT
			
		 		 	Project Management services includes the following:
				
		 		 	•	 	Management of the interface between products supplied
				
		 		 	•	 	Technical coordination
				
		 		 	•	 	Scheduling
				
		 		 	•	 	Proactive problem identification and resolution
				
		 		 	•	 	Contract administration
				
		 		 	•	 	Coordination and assistance
				
		 		 	•	 	Regular project status reporting and planning/scheduling of equipment installation and commissioning.
			
		 		 	A GES Project Manager provides the customer with one central point of communication and insures that all design specification, manufacturing, and delivery schedules are
maintained.


							
			
		 		 	SECTION 8
			
	8.0	 		 	TRAINING, COMMISSIONING, DOCUMENTATION AND MANUALS
			
	8.1	 	1	 	TRAINING
			
		 		 	GES will provide rig up and rig down training during the last two weeks of the project and during final assembly of the rig. GES will also provide training for the
following items during the last four to six weeks of the project at GES facility up to 10 people:


							
				
		 		 	•	 	Electronic Driller Operation
				
		 		 	•	 	Generator Controls Operation and Maintenance
				
		 		 	•	 	VFD Controls and Maintenance
				
		 		 	•	 	Mud System Operation
				
		 		 	•	 	Mast & Substructure Operation and Maintenance
				
		 		 	•	 	HPU Operation and Maintenance
				
		 		 	•	 	Drawworks Operation and Maintenance


  

					
	QUICKSILVER® DRILLING SYSTEM	 	QDSH-1600	 	PAGE 24 of 25
	THEINRICH\004676\00002\744081.1	 		 	










							
	 ITEM
	 	 QTY
	 	 DESCRIPTION



							
			
	8.2	 	1	 	COMMISSIONING & FIELD TRAINING


							
				
		 		 	•	 	One (1) electrical commissioning technician will be available for a total of fourteen (14) days, and
				
		 		 	•	 	One (1) mechanical commissioning technician will be available for a total of ten (10) days at the rig up site.
			
		 		 	Travel and per diem will be charged at cost. An extension of the support will be charged per GES applicable service rate
sheet.


							
			
	8.3	 	1	 	GES STANDARD DOCUMENTATION
			
		 		 	Global Energy Services Standard Data Book to include the following sections, as applicable:


							
				
		 		 	a.	 	Complete list of serial numbers for all serialized equipment
				
		 		 	b.	 	GES Certificate of Conformance for these items:


									
					
		 		 		 	•	 	Mast
					
		 		 		 	•	 	Crown
					
		 		 		 	•	 	Substructure
					
		 		 		 	•	 	Drawworks
					
		 		 		 	•	 	Traveling Block
					
		 		 		 	•	 	Rotary Table
				
		 		 	c.	 	GES Certificate of Compliance for completed rig


							
			
	8.4	 	1	 	OPERATION & MAINTENANCE MANUAL
			
		 		 	Operation and Maintenance manuals, three (3) hard copies and one (1) electronic copy. A recommended spares list for one year of operation will be
provided.
			
		 		 	TOTAL ONE (1) RIG EX-WORKS GES PLANT, HOUSTON, TEXAS LESS EXPORT PACKING AND BOXING
			
		 		 	Delivery: Global Energy Services reserves the right to re verify the quoted delivery at time of order placement based upon existing backlog, signed approved drawings
and the material procurement situation. All items are subject to prior sale. The customer shall be advised of delivery following GES receipt of the signed approved purchase agreement and the deposit.


  

					
	QUICKSILVER® DRILLING SYSTEM	 	QDSH-1600	 	PAGE 25 of 25
	THEINRICH\004676\00002\744081.1	 		 	









 Exhibit C 
 Documentation 
 Seller shall provide to Buyer within 45 days after the Ex Works delivery of
Rig in accordance with the provisions of Article 3 of this Contract the following Documentation: 
 Standard Data Book to include the following
sections as applicable 
  

	•	 	 Complete list of serial numbers for all serialized equipment 



 

	•	 	 GES Certificate of Conformance for the following: 


  

	 	•	 	 Mast 


  

	 	•	 	 Crown 


  

	 	•	 	 Substructure 


  

	 	•	 	 Drawworks 


  

	 	•	 	 Traveling Block 


  

	 	•	 	 Rotary Table 


  

	•	 	 GES Certificate of Compliance for compete rig 


 Operations and Maintenance manuals, two (2) hard copies and one (1) electronic copy 

Recommended spares list for one year of operations 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 Exhibit D 
 Rig Acceptance Certificate 
 DATE:
        /        /     
  

			
	LOCATION:	 	11616 North Galayda Street
		
		 	 Houston, Texas 77086
  

USA


 DESCRIPTION OF WORK: In accordance with Exhibit B 
 This certifies that the above described GESO Drilling Rig and associated equipment has been rigged up and tested in conformity with the scope of work described in Exhibit B of the Drilling Rig Contract
dated November 23, 2011, between Global Energy Services Operating, LLC and Independence Contract Drilling, LLC. 
  

			
	ACCEPTED:
	
	INDEPENDENCE CONTRACT DRILLING, LLC
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  



  
 Domestic Drilling Rig
Contract (DRC 04-2010) 









					
	



	 	Exhibit E	 	

  

CHANGE ORDER FORM 

  

					
		 	CUSTOMER:	 	
			
		 	JOB NO.:	 	
			
		 	CHANGE NO.:	 	
			
		 	PROJECT:	 	
			
		 	ORIGINAL PO NO.:	 	
			
		 	NEW PO NO. (IFREQ.):	 	
			
		 	Rates subject to change without notice	 	

  

					
	ITEM	  	DESCRIPTION	 	SUBTOTAL
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 
	 	 	 
	 	  	 	 	 


			
	 	 
	PRICE CHANGE:	  	 
	 	 
	DELIVERY CHANGE:	  	 


							
	 	 
	GESO AUTHORIZATION (COO
only)	 	CUSTOMER AUTHORIZATION
	 	 	 	 
	Print Name:    
	 	 	 	Print Name:  	  	 
	 	 	 	 
	Signature:    
	 	 	 	Signature:  	  	 
	 	 	 	 
	Date:    	 	 	 	Date:  	  	 


  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 Exhibit F 
 Representation of Authorization 
 The following identified individuals may negotiate and
execute a modification of the terms of this Contract: 
  

			
	SELLER:	  	Global Energy Services Operating, LLC
		
		  	Any one of the following:
		
		  	Mike Stansberry
		
		  	Chris Ruffner
		
	BUYER:	  	Independence Contract Drilling, LLC
		
		  	Any two of the following (two approvals required):
		
		  	Byron Dunn
		
		  	Jay Mitchell
		
		  	Steve Hale

 The Parties may from time to time change the above designations by written notice given in accordance with the Notice
provisions of this Contract. 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 Exhibit G 
 Required Insurance 
 1. Seller: During the performance of this Contract, Seller
shall maintain, at its own cost and expense, the following policies of insurance and shall provide certificates of insurance to Buyer: 
  

	 	(a)	Worker’s Compensation and Employer’s Liability Insurance in accordance with applicable statutory requirements; and 


 

	 	(b)	Protection and Indemnity, or its equivalent, including Employer’s Liability, Comprehensive General Liability or similar coverage insuring the liabilities and
obligations assumed by Seller under this Contract, including Broad Form Contractual Liability coverage, with limits of not less than USD$5,000,000 for bodily injury per occurrence and USD$1,000,000 for property damage per occurrence, with excess
liability limits of USD$10,000,000. 

 All such insurance policies shall be obtained from insurance companies authorized to
conduct business under the Jaws of the State of Texas, United States of America. 
 2. Buyer: During the performance of this Contract,
Buyer shall maintain, at its cost and expense, the following policies of insurance shall provide certificates of insurance to Seller: 
  

	 	(a)	Worker’s Compensation or any equivalent coverage required by any applicable laws; and 


 

	 	(b)	Protection and Indemnity, or its equivalent, including Employer’s Liability, Comprehensive General Liability or similar coverage insuring the liabilities and
obligations assumed by Buyer under this Contract, including Broad Form Contractual Liability coverage, with limits of not less than USD$5,000,000 for bodily injury per occurrence and USD$1,000,000 for property damage per occurrence, with excess
liability limits of USD$10,000,000. 

 All such insurance policies shall be obtained from insurance companies authorized to
conduct business in the applicable jurisdiction(s) or other qualified and licensed insurance companies. 
 3. Naming, Waiving Subrogation,
and Notices: The insurance policies described in Sections 1 and 2 above shall, either on the faces thereof or by appropriate endorsement: 
  

	 	(a)	as to the insurance specified in Sections 1(b) and 2(b), name the other Party and the other Party’s affiliates as additional insured to the extent of the indemnity
obligations assumed by the primary insured Party pursuant to the terms of this Contract, and provide that payments there under shall be made to the extent that their respective interests may appear; 


 

	 	(b)	provide that they shall not be cancelled or their coverage reduced except upon 10 days prior written notice to the other Party; and 


 

	 	(c)	contain waiver of subrogation provisions pursuant to which the insurer waives all express and implied rights of subrogation against the other Party and the other
Party’s affiliates arising out of, resulting from, or in any way attributable to this Contract, whether occasioned by the acts, omissions, sole negligence or concurrent negligence of the other Party or the other Party’s affiliates in
connection therewith, Buyer and Seller hereby waiving any rights to subrogate against each other. 

 4. Miscellaneous:

 (a) The failure of either Party to provide adequate insurance shall in no way reduce or offset the indemnity obligations set forth in this
Contract. 
 (b) All deductibles on the policies are for the account of the Party obtaining the insurance. 

Certificates of insurance evidencing the above referenced insurance shall be provided by the Parties upon written request; provided, however, that Buyer
shall provide Seller with the appropriate certificates relating to §2(b) above prior to Buyer sending its representatives to Seller’s facility in Houston, Texas, United States of America, whether Seller has requested such certificate or
not; and provided further, that Seller shall not be required to send any of its representatives to Buyer’s facility until Seller receives the required certificates of insurance and any such delay created by the failure to timely provide the
necessary insurance certificate shall be a permitted delay as to Seller. 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 Annex I 
 Contingent Bonus 
 General Statement. 

Buyer and Seller acknowledge and agree that the Sales Price under this Contract represents the cost of manufacture of the subject rig, without any markup
for profit margin. It is understood that Seller is willing to enter into this “cost-only” contract in consideration of Buyer agreeing to pay to Seller the Contingent Bonus as further described and calculated hereunder. Seller understands
that no Contingent Bonus will be due and payable hereunder in the event the transactions contemplated by that certain Asset Contribution and Share Subscription Agreement dated as of November 23, 2011 (the “Contribution
Agreement”), executed by Seller, Buyer and the Independence Contract Drilling, Inc. (the “Company”), are consummated. 

Payment of Contingent Bonus. 
 In the
event the Company fails to consummate the transactions contemplated by the Contribution Agreement, upon the liquidation of Buyer’s assets and distribution of such assets to Buyer’s members, Buyer shall promptly determine whether a payment
of a Contingent Bonus is due to Seller hereunder, and if such a payment is due, shall make such payment to Seller at substantially the same time as such liquidating distribution is made to Buyer’s members. 

Notwithstanding anything contained herein to the contrary, no Contingent Bonus shall be due and payable until each holder of Class A Units of Buyer
shall have received the return of their “Preferred Capital Value”, “Preferred Unpaid Yield” and “Preferred Unreturned Capital Value” (as such terms are defined in the Buyer’s Company Agreement (defined below)).

 Calculation of Contingent Bonus. 
 The “Contingent Bonus” shall mean an amount to be paid to Seller, if and only if the Triggering Events occur, out of certain of the Net Liquidation Proceeds, which Contingent Bonus shall
be determined and paid as follows: 
 (i) First, Buyer shall distribute to the Class A Members, out of the
Net Liquidation Proceeds, all amounts required to be distributed under Sections 7.5(a) and 7.5(b) of Buyer’s Company Agreement; 
 (ii) Second, Buyer shall pay to Seller and distribute to the Class B Members all of the remaining Net Liquidation Proceeds in accordance with the Pre-Payout Percentages (defined below), until an aggregate
amount equal to the Payout Amount has been paid to Seller and distributed to the Class B Members; and 
 (iii)
Third, Buyer shall distribute to the Class A Members and the Class B Members and pay to Seller any and all remaining Net Liquidation Proceeds in accordance with the Post-Payout Percentages. 

Definitions. 
 (a)
“Buyer’s Capital Contributions” shall mean the aggregate amount of all capital contributions made by the Class A Members to Buyer as of and prior to December 15, 2011. 

(b) “Buyer’s Company Agreement” shall mean that certain Amended and Restated Limited Liability Company Agreement of
Independence Contract Drilling, LLC. 
 (c) “Class A Members” shall mean the Class A Members of Buyer.

 (d) “Class B Members” shall mean the Class B Members of Buyer. 

(t) “Denominator” shall mean the sum of (i) Buyer’s Capital Contributions, plus (ii) Seller’s Base
Bonus, plus (iii) $2,000,000. 
 (g) “Net Liquidation Proceeds” shall mean the net proceeds realized by
Buyer from the liquidation of all of Buyer’s assets and the satisfaction of all of Buyer’s liabilities (except for the payment of the Contingent Bonus and the return of capital to the Class A Members and the Class B Members).

 (h) “Payout Amount” shall mean the aggregate sum of the Seller’s Base Bonus, plus $2,000,000.

 (i) “Post-Payout Percentages” shall mean, (i) with respect to the Class A Members, the percentage
determined by dividing Buyer’s Capital Contributions by the Denominator, (ii) with respect to Seller, the percentage determined by dividing Seller’s Base Bonus by the Denominator, and (iii) with respect to the Class B Members,
the percentage determined by dividing $2,000,000 by the Denominator. 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 (j) “Pre-Payout Percentages” shall mean, (i) with respect to Seller,
the percentage determined by dividing the Seller’s Base Bonus by the Payout Amount, and (ii) with respect to the Class B Members, the percentage determined by dividing $2,000,000 by the Payout Amount. 

(k) “Seller’s Base Bonus” shall mean (i) the Sales Price (including any increases or cost reimbursements due
to change orders), (ii) divided by .75, and (iii) times .25. 
 (l) “Triggering Events” shall mean
(i) the failure by Seller, Buyer and certain third parties to complete the formation of Independence Contract Drilling, Inc., a Delaware corporation (the “Company”), pursuant to and in accordance with the terms, provisions and
conditions of the Contribution Agreement, and (ii) the liquidation of Buyer’s assets in accordance with the terms of Buyer’s Company Agreement. 

  
 Domestic Drilling Rig
Contract (DRC 04-2010) 








 EXHIBIT B 

Form of Bill of Sale, Assignment and Assumption Agreement 







 BILL OF SALE, ASSIGNMENT AND ASSUMPTION AGREEMENT 

This BILL OF SALE, ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Bill of Sale”) is executed effective as of
            , 20     (the “Effective Date”) between GLOBAL ENERGY SERVICES OPERATING, LLC, a Delaware limited liability company
(“GES”), and INDEPENDENCE CONTRACT DRILLING, INC., a Delaware corporation (the “Company”) (collectively, the “Parties” and each, individually, a “Party”). 

RECITALS 
 WHEREAS, GES and the Company, among others, have entered into that certain Asset Contribution and Share Subscription Agreement dated effective November 23, 2011 (the “Contribution
Agreement”), relating to the contribution of the GES Contributed Assets, as described therein; 
 WHEREAS,
pursuant to and in accordance with the terms of the Contribution Agreement, GES has agreed to contribute to the Company the GES Contributed Assets, and the Company has agreed to assume the GES Assumed Liabilities, as further described below;

 WHEREAS, this Bill of Sale is executed and delivered pursuant to the Contribution Agreement; 

NOW, THEREFORE, in consideration of the premises and the representations, warranties, covenants and agreements contained herein
and in the Contribution Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, GES and the Company hereby agree as follows: 

1. Defined Terms. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the
Contribution Agreement. 
 2. Contribution of GES Contributed Assets. GES hereby contributes, conveys, transfers
and assigns unto the Company and the Company’s successors and assigns all rights and benefits of every kind or character pursuant to, and all right, title and interest of GES in and to the GES Contributed Assets, TO HAVE AND TO HOLD the
GES Contributed Assets unto the Company and the Company’s successors and assigns, from and after the Effective Date. 

3. Assignment of Assumed Liabilities. GES hereby assigns, transfers and delivers to the Company and the Company’s
successors and assigns all obligations, duties, rights or interests of every kind or character of GES in and to the GES Assumed Liabilities. 
 4. Acceptance and Assumption. The Company hereby accepts the above assignment of the GES Contributed Assets and the GES Assumed Liabilities, and further assumes the performance and
observance of all terms, covenants and conditions therein to be performed or observed by GES on or after the Effective Date to the extent set forth in the Contribution Agreement. 







 5. Additional Rights and Obligations of the Parties. The Parties hereby agree
and acknowledge that this Bill of Sale is being entered into and delivered pursuant to and subject to the terms and conditions set forth in the Contribution Agreement, that additional rights and obligations of the Parties are expressly provided for
therein, and that the execution and delivery of this Bill of Sale shall not impair or diminish any of the rights or obligations of any of the parties to the Contribution Agreement, as set forth therein. 

6. Counterparts. This Bill of Sale may be executed in any number of counterparts, and each counterpart hereof shall be
deemed to be an original instrument, but all such counterparts shall constitute but one agreement. Any counterpart executed by a Party and delivered by electronic transmission, including by portable document format, shall be valid as an original
counterpart of this Bill of Sale. 
 7. Descriptive Headings. The descriptive headings of this Bill of Sale are
inserted for convenience only and shall not be deemed to affect the meaning or construction of any of the provisions hereof. 

8. Further Assurances. From time to time, as and when requested by the Company, GES shall execute and deliver, or cause to
be executed and delivered, such documents and instruments and shall take, or cause to be taken, such further or other actions as may be reasonably necessary to carry out the purposes set forth herein. 

9. Governing Law. This Bill of Sale shall be governed by and construed in accordance with the laws of the State of Texas
without regard to the principles of conflicts of laws thereof. 
 10. Binding Effect. This Bill of Sale, and all
the terms and provisions hereof, shall be binding upon and shall inure to the benefit of GES and the Company, and their respective successors and permitted assigns. 
 11. Severability. In case any one or more of the provisions contained in this Bill of Sale shall, for any reason, be held to be invalid, illegal, or unenforceable in any respect, such
invalidity, illegality, or unenforceability shall not affect any other provisions hereof, and this Bill of Sale shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein. 

(REMAINDER OF PAGE INTENTIONALLY LEFT BLANK) 

  
 2 








 IN WITNESS WHEREOF, the Parties have executed this Bill of Sale effective as of the
Effective Date. 
  

			
	GES:
	
	GLOBAL ENERGY SERVICES OPERATING, LLC, a Delaware limited liability company
		
	By:	 	  

		 	Michael Stansberry, Chief Executive Officer
	
	THE COMPANY:
	
	INDEPENDENCE CONTRACT DRILLING, INC. a Delaware corporation
		
	By:	 	  

		 	Byron Dunn, Chief Executive Officer


 SIGNATURE PAGE TO 

BILL OF SALE, ASSIGNMENT 

AND ASSUMPTION AGREEMENT 







 EXHIBIT C 

Form of GES Contract Assignment 







 ASSIGNMENT AND ASSUMPTION OF CONTRACTS 

(GES) 
 This
ASSIGNMENT AND ASSUMPTION OF CONTRACTS (this “Assignment”) is executed effective as of             , 20     (the “Effective
Date”) between GLOBAL ENERGY SERVICES OPERATING, LLC, a Delaware limited liability company (“GES”), and INDEPENDENCE CONTRACT DRILLING, INC., a Delaware corporation (the “Company”)
(collectively, the “Parties” and each, individually, a “Party”). 
 RECITALS

 WHEREAS, GES and the Company, among others, have entered into that certain Asset Contribution and Share
Subscription Agreement dated effective November 23, 2011 (the “Contribution Agreement”), relating to the contribution of the GES Contributed Assets, as described therein; 

WHEREAS, pursuant to and in accordance with the terms of the Contribution Agreement, GES has agreed to assign to the Company all
of its rights, title and interests in and to the Rig Contract and the Assigned Contracts, as further described below; 

WHEREAS, this Assignment is executed and delivered pursuant to the Contribution Agreement; 

NOW, THEREFORE, in consideration of the premises and the representations, warranties, covenants and agreements contained herein
and in the Contribution Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, GES and the Company hereby agree as follows: 

1. Defined Terms. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the
Contribution Agreement. 
 2. Assignment of Contracts. GES hereby assigns, transfers and delivers to the Company
and the Company’s successors and permitted assigns all rights and benefits of every kind or character pursuant to, and all right, title and interest of GES in and to the Rig Contract and the Assigned Contracts, TO HAVE AND TO HOLD the
Rig Contract and the Assigned Contracts unto the Company and the Company’s successors and assigns, from and after the Effective Date for the remainder of the term of each of the Rig Contract and the Assigned Contracts, subject to the terms,
covenants and conditions therein. 
 3. Acceptance and Assumption. The Company hereby accepts the above assignment
of the Rig Contract and the Assigned Contracts and further assumes the performance and observance of all terms, covenants and conditions therein to be performed or observed by GES on or after the Effective Date to the extent set forth in the
Contribution Agreement. 

  
 1 








 4. Additional Rights and Obligations of the Parties. The Parties hereby agree
and acknowledge that this Assignment is being entered into and delivered pursuant to and subject to the terms and conditions set forth in the Contribution Agreement, that additional rights and obligations of the Parties are expressly provided for
therein, and that the execution and delivery of this Assignment shall not impair or diminish any of the rights or obligations of any of the parties to the Contribution Agreement, as set forth therein. 

5. Counterparts. This Assignment may be executed in multiple originals and/or counterparts, each shall be deemed to be an
original, and all of which, together, shall constitute one instrument. Any counterpart executed by a Party and delivered by electronic transmission, including by portable document format, shall be valid as an original counterpart of this Assignment.

 6. Descriptive Headings. The descriptive headings of this Assignment are inserted for convenience only and
shall not be deemed to affect the meaning or construction of any of the provisions hereof. 
 7. Further
Assurances. From time to time, as and when requested by the Company, GES shall execute and deliver, or cause to be executed and delivered, such documents and instruments and shall take, or cause to be taken, such further or other actions as
may be reasonably necessary to carry out the purposes set forth herein. 
 8. Governing Law. This Assignment shall
be governed by and construed in accordance with the laws of the State of Texas without regard to the principles of conflicts of laws thereof. 
 9. Binding Effect. This Assignment, and all the terms and provisions hereof, shall be binding upon and shall inure to the benefit of GES and the Company, and their respective successors and
permitted assigns. 
 10. Severability. In case any one or more of the provisions contained in this Assignment
shall, for any reason, be held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions hereof, and this Assignment shall be construed as if such invalid,
illegal, or unenforceable provision had never been contained herein. 
 [SIGNATURE PAGE FOLLOWS] 

  
 2 








 IN WITNESS WHEREOF, the Parties have executed this Assignment effective as of the
Effective Date. 
  

			
	GES:
	
	GLOBAL ENERGY SERVICES OPERATING, LLC, a Delaware limited liability company
		
	By:	 	  

		 	Michael Stansberry, Chief Executive Officer
	
	THE COMPANY:
	
	INDEPENDENCE CONTRACT DRILLING, INC. a Delaware corporation
		
	By:	 	  

		 	Byron Dunn, Chief Executive Officer


 SIGNATURE PAGE TO 

ASSIGNMENT AND ASSUMPTION OF CONTRACTS 

(GES) 







 EXHIBIT D 

Form of Deed 







 NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF
THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER. 

SPECIAL WARRANTY DEED 
  

					
	STATE OF TEXAS	  	§	  	
		  	§	  	KNOW ALL PERSONS BY THESE PRESENTS:
	COUNTY OF HARRIS	  	§	  	

 THAT, GLOBAL ENERGY SERVICES OPERATING, LLC, a Delaware limited liability company
(“Grantor”), for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, has GRANTED, SOLD AND CONVEYED, and by these
presents does GRANT, SELL AND CONVEY, unto INDEPENDENCE CONTRACT DRILLING, INC., a Delaware corporation (“Grantee”), all the following: 
 (a) all those certain lots, tracts or parcels of land, comprising the tracts of land located in the State of Texas and County of Harris and City of Houston (the “Land”), as more
particularly described in Exhibit A attached hereto; 
 (b) all buildings, structures, improvements,
construction-in-progress and fixtures of every kind and nature now or hereafter located on the Land or forming a part thereof (collectively, the “Improvements”); 

(c) all rights, tenements, hereditaments, easements, privileges and appurtenances belonging to the Land and Improvements, or any portion
thereof, including without limitation, all titles, estates, interests, licenses, agreements, air rights, water and canal rights, mineral rights, and all other rights at any time acquired by Grantor in and to any of the foregoing, and all right,
title and interest of Grantor in and to any land in any adjacent streets, alleys, easements and rights-of-way related to the Land (collectively, the “Appurtenances” and together with the Land
and Improvements, collectively, the “Property”). 
 This conveyance is expressly made by Grantor and accepted
by Grantee subject only to the permitted exceptions specified in Exhibit B attached hereto and incorporated herein by reference, to the extent same are valid and affect the Property. 

TO HAVE AND TO HOLD the Property, together with all and singular the rights and appurtenances thereto in anywise belonging unto the said
Grantee, its successors and assigns forever; and Grantor does hereby bind itself, its successors and assigns to WARRANT AND FOREVER DEFEND, all and singular, the said Property unto the said Grantee, its successors and assigns, against every person
whomsoever lawfully claiming or to claim the same or any part thereof, by, through or under Grantor, but not otherwise. 

  
 1 








 Taxes for the current year have been prorated as of the date hereof, and Grantee assumes and
agrees to pay the same. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 2 








 EXECUTED this the      day of
            , 20    . 
  

			
	GRANTOR:
	
	GLOBAL ENERGY SERVICES OPERATING, LLC, a Delaware limited liability company
		
	By:	 	  

		 	Michael Stansberry, Chief Executive Officer


  

			
	STATE OF TEXAS	  	§
		  	§
	COUNTY OF HARRIS	  	§

 This instrument was acknowledged before me on this      day of
            , 20    , by Michael Stansberry of GLOBAL ENERGY SERVICES OPERATING, LLC, a Delaware limited liability company, on behalf of said limited liability
company. 
  

	
	  

	Notary Public in and for the State of Texas


 [personalized seal] 
  

			
	Grantee’s Mailing Address:
	
	Independence Contract Drilling, Inc.
	Attention:	 	  

	  

	  



  
 3 








 EXHIBIT A 

Legal Description of Property 
 [Legal description approved by Grantor and Grantee from Updated Survey to be attached.] 

  
 A-1









 EXHIBIT B 

Permitted Exceptions 
 [Permitted exceptions approved by Grantor and Grantee from Updated Survey and Title Commitment to be attached.] 

  
 B-1









 EXHIBIT E 

Form of Transition Services Agreement 







 TRANSITION SERVICES AGREEMENT 

THIS TRANSITION SERVICES AGREEMENT (this “Agreement”) is made effective as of
                 (the “Effective Date”), by and between INDEPENDENCE CONTRACT DRILLING, INC., a Delaware corporation (the
“Company”) and GLOBAL ENERGY SERVICES OPERATING, LLC, a Delaware limited liability company (“GES”). The Company and GES may hereinafter be referred to together as the “Parties” and
individually as a “Party”. 
 RECITALS: 

WHEREAS, The Company and GES, among others, have entered that certain Asset Contribution and Share Subscription Agreement (the
“Contribution Agreement”) dated as of November 23, 2011 providing for GES to contribute the GES Contributed Assets (all capitalized terms used herein and not otherwise defined shall have the meaning set forth in the
Contribution Agreement); and 
 WHEREAS, during the Transition Period (as defined herein), GES will require the use of a portion
of the Real Estate, certain services provided by the Company while it establishes operations at a new location, and access to the Company’s information technology system (“IT System”) to extract information that is unrelated to
the post-Closing operations of the Company; and 
 WHEREAS, during the Transition Period, the Company will require certain
services provided by GES; and 
 WHEREAS, the Company is willing to provide GES (i) access to and use of a portion of the
Real Estate and (ii) those certain services contemplated by this Agreement during the Transition Period; and 
 WHEREAS,
GES is willing to provide the Company with those certain services contemplated by this Agreement during the Transition Period; 

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
 1.
Term. The initial term of this Agreement shall commence on the Closing Date and shall continue for a period ending on the last day of the six (6) month period commencing on the Closing Date (the “Transition Period”),
subject, however, to earlier termination in accordance with the provisions contained herein. Notwithstanding the foregoing, either Party shall have the right to extend the Transition Period for an additional ninety (90) days by
(i) providing written notice to the other Party at least thirty (30) days prior to the expiration of the initial term of the Transition Period or (ii) extending the term of the Lease (as defined herein) in accordance with its terms.

 2. Use of the Real Estate. Contemporaneously with the execution of this Agreement, the Company and GES shall enter
into a lease agreement substantially in the form attached hereto as 







 
Exhibit A (the “Lease”), with customary terms and conditions reasonably acceptable to both Parties, pursuant to which the Company shall lease to GES one-half (1/2)
of the portion of the Real Estate commonly referred to as “Building 5”, substantially all of the shop space in the portion of the Real Estate commonly referred to as “Building 3” and a portion of the Real Estate commonly referred
to as the “Yard”. Subject to the terms of the Lease, the use and occupancy of the Real Estate by GES will not unreasonably interfere with or prevent the use and occupancy of the Real Estate by the Company for the purposes and in the manner
that the Real Estate was previously used and occupied by GES in connection with the operation of the Business. 
 3. Shared
Services. Subject to the terms and conditions set forth herein, the Company and GES shall share certain services during the Transition Period, as further listed on Exhibit B attached hereto (the “Shared
Services”). From time to time, the Parties may mutually agree to include additional services to be shared upon mutually agreeable terms and conditions, and may amend Exhibit B accordingly. 

4. Transition Services Provided by the Company. During the Transition Period, the Company shall provide GES with certain services
as follows: 
 4.1 Company Transition Services. Subject to the terms and conditions set forth herein, the Company shall
provide those certain Shared Services required to support the business of GES and its affiliates, Southwest Oilfield Products, Inc. and SWOP Acquisition, LLC d/b/a GES Well Servicing Systems (collectively, the “GES Post-Closing
Business”), during the Transition Period in the ordinary course of business and consistent with past practices (collectively, the “Company Transition Services”) and shall use commercially reasonable efforts to provide such
Company Transition Services to ensure uninterrupted continuity of the GES Post-Closing Business. Except as specifically set forth herein or as otherwise set forth in the Contribution Agreement, the Company shall have no responsibility or liability
for the operation of the GES Post-Closing Business. 
 4.2 Performance. Subject to the terms and conditions set forth
herein, the Company shall provide the Company Transition Services, to the extent practicable, in the same manner in which such services were provided by GES to the GES Post-Closing Business prior to the Closing Date. Notwithstanding the foregoing,
the Parties acknowledge that business conditions may require adjustments to the manner in which the Company provides the Company Transition Services in order to achieve continuity of the GES Post-Closing Business during the Transition Period.

 4.3 Company Transition Services Involving IT System. The Company acknowledges that certain proprietary information
owned by GES that is unrelated to the post-Closing operations of the Company is stored on the Company’s IT System, which is being transferred to the Company in connection with the transactions
contemplated by the Contribution Agreement, including, without limitation, the engineering database of GES, the website server of GES and QSI, Traverse and AutoCAD programs and files (collectively, “GES IT”). The Company shall
provide Michael Stansberry (the “GES Representative”), and certain other representatives of GES designated by the GES Representative and approved by the Company (such approval not to be unreasonably withheld, conditioned or
delayed), with sufficient access to the Company’s IT System, 

  
 2 








 
and provide assistance with the efforts of GES to (i) extract the GES IT, (ii) transfer the business records of GES from the Company’s IT System to the information technology
system of GES and (iii) permit the GES Post-Closing Business to be conducted consistent with past practice in the ordinary course of business prior to the Closing Date. Nevertheless, each of GES and the Company agree that the Company’s IT
System may contain sensitive or proprietary information, or may be subject to obligations of confidentiality with third Parties, in which case the Company agrees to provide access to the extent reasonably practicable without implicating or
jeopardizing any of the foregoing concerns or issues. The Company reserves the right to have representatives physically present to monitor and supervise any access to the Company’s IT System. GES agrees to promptly, but in no event later than
thirty (30) days after its receipt of a written invoice from the Company, reimburse Company for any out of pocket costs associated with the these efforts. 
 4.4 Warranty Claim Services. In addition to the Company Transition Services, the Company shall provide all services required to repair or otherwise address any and all warranty claims related to
the GES Contributed Assets that arise from the Business prior to the Closing Date (“Warranty Claim Services”). The Company shall perform the Warranty Claim Services, to the extent practicable, in the same manner in which such
services were provided by GES to the Business prior to the Closing Date. Notwithstanding any provision herein to the contrary, GES shall reimburse the Company for any and all costs and expenses incurred by the Company in connection with such
Warranty Claim Services within thirty (30) days of its receipt of a written invoice from the Company for such costs and expenses, subject to Section 6.3. 
 4.5 Limitation of Liability. Except in the case of bad faith or willful misconduct on the part of the Company, the Company’s sole liability and GES’s sole remedy for any breach of the
Company’s obligation to provide Company Transition Services, the Warranty Claim Services or any obligations of the Company with respect to GES IT, in each case in accordance with this Section 4, shall be for the Company to perform
or re-perform such Company Transition Services at no cost to GES. 
 5. Transition Services Provided by GES. During the
Transition Period, GES shall provide the Company with certain services as follows: 
 5.1 GES Transition Services.
Subject to the terms and conditions set forth herein, GES shall provide to the Company those certain Shared Services required to support the Business during the Transition Period in the ordinary course of business and consistent with past practices
(collectively, the “GES Transition Services”) and shall use commercially reasonable efforts to provide such GES Transition Services to ensure uninterrupted continuity of the Business. Except as specifically set forth herein or as
otherwise set forth in the Contribution Agreement, GES shall have no responsibility or liability for the operation of the Business. 
 5.2 Performance. Subject to the terms and conditions set forth herein, GES shall provide the GES Transition Services, to the extent practicable, in the same manner in which such services were
provided by GES to the Business prior to the Closing Date. Notwithstanding the foregoing, the Parties acknowledge that business conditions may require adjustments to the manner in which the GES provides the GES Transition Services in order to
achieve continuity of the Business during the Transition Period. 

  
 3 








 5.3 Contract Management Services. To the extent that GES is unable to contribute or
assign on the Closing Date any contracts or agreements that are among the GES Contributed Assets, GES shall use all reasonable efforts to maintain such contracts and agreements in the same manner as prior to the Closing Date and shall cooperate with
the Company in its efforts to transfer such contracts and agreements to the Company (the “Contract Management Services”). Notwithstanding any provision herein to the contrary, the Company shall reimburse GES for any and all costs
and expenses incurred by GES in connection with such Contract Management Services within thirty (30) days of its receipt of a written invoice from GES for such costs and expenses, subject to Section 6.3. 

5.4 Limitation of Liability. Except in the case of bad faith or willful misconduct on the part of GES, GES’s sole liability
and the Company’s sole remedy for any breach of GES’s obligation to provide GES Transition Services in accordance with this Section 5 shall be for GES to perform or re-perform such GES Transition Services at no cost to the
Company. 
 6. Payment. 
 6.1 Company Transition Services. On a monthly basis, the Company shall calculate the costs and expenses related to each Shared Service performed by the Company and shall provide GES with a monthly
written invoice outlining (i) the costs and expenses related to such Shared Services during such month, including the persons performing such Shared Services and (ii) GES’s percentage share of such costs and expenses. GES shall pay to
the Company the percentage share for the applicable service as set forth in the column titled “Percentage GES Share” on Exhibit B attached hereto; provided, however, to the extent
Exhibit B designates that the costs and expenses related to a Shared Service are calculated “Hourly By Job”, GES shall pay to the Company all of the costs and expenses incurred for each specific job performed by the
Company. Any payments made by GES pursuant to this Section 6.1 shall be made within no more than fifteen (15) days after the date of receipt by GES of the Company’s invoice. 

6.2 GES Transition Services. On a monthly basis, GES shall calculate the costs and expenses related to each Shared Service
performed by GES and shall provide the Company with a monthly written invoice outlining (i) the costs and expenses related to such Shared Services during such month, including the persons performing such Shared Services and (ii) the
Company’s percentage share of such costs and expenses. The Company shall pay to GES the percentage share for the applicable service as set forth in the column titled “Percentage ICD Share” on Exhibit B attached
hereto; provided, however, to the extent Exhibit B designates that the costs and expenses related to a Shared Service are calculated “Hourly By Job”, the Company shall pay to GES all of the costs and
expenses incurred for each specific job performed by GES. Any payments made by the Company pursuant to this Section 6.2 shall be made within no more than fifteen (15) days after the date of receipt by the Company of GES’s invoice.


  
 4 








 6.3 Right to Audit. Each Party shall have the right, at its sole expense, and no more
than once during the Transition Period, to audit the books and records of the other Party at any time during normal business hours; provided that the Party requesting such audit shall provide at least five (5) days prior written notice
of the date of such intended audit to the other Party. During such respective audit, the audited Party shall grant the requesting Party access to its books and records and cooperate with the reasonable requests of the requesting Party related to
such audit. 
 7. Indemnity. 
 7.1 Indemnification by GES. Without limiting any other provision of this Agreement or any other rights and remedies available to the Company at law or in equity pursuant to any other agreement, GES
covenants and agrees to indemnify and hold harmless the Company, and each of its agents, members, managers, officers, directors, representatives and employees from any and all claims, demands, complaints, liabilities, losses, damages, and all
reasonable costs and expenses (including attorney’s fees) arising from or relating to the actions of the Company (to the extent such costs and expenses are incurred in accordance with the terms hereof) in connection with the provision of the
Company Transition Services, the Warranty Claim Services or any obligations of the Company with respect to GES IT, except relating to any bad faith or willful misconduct by the Company. 

7.2 Indemnification by the Company. Without limiting any other provision of this Agreement or any other rights and remedies
available to GES at law or in equity pursuant to any other agreement, the Company covenants and agrees to indemnify and hold harmless GES, and each of its agents, members, managers, officers, representatives and employees from any and all claims,
demands, complaints, liabilities, losses, damages, and all reasonable costs and expenses, the Warranty Claim Services or any obligations of the Company with respect to GES IT arising from or relating to the actions of GES (to the extent such costs
and expenses are incurred in accordance with the terms hereof) in connection with the provision of the GES Transition Services, except relating to any bad faith or willful misconduct by GES. 

7.3 No Special Damages. In no event shall either Party be liable to the other Party for lost profits or for any indirect, special,
incidental or consequential damages, except in the case of bad faith or willful misconduct. 
 7.4 Insurance. Each Party
and its subcontractors, if any, at their own expense, shall maintain their own insurance coverage throughout the Transition Period with respect to such risks as shall be agreed upon by the Parties. All insurance and coverage required by this
Section 6.4 shall be maintained in amounts, and with amounts and percentages of retained risk, which are consistent with those carried by those engaged in similar business activities of a similar size with similar exposures. Upon
request, each Party shall deliver Certificates of Insurance in a form reasonably satisfactory to the other Party evidencing the existence of insurance required above. 

  
 5 








 8. Termination. 

8.1 Default by the Company. If the Company fails to comply with any term, provision or covenant of this Agreement, and such
failure continues for ten (10) days after receipt of written notice of such failure from GES, GES may terminate this Agreement by providing written notice thereof to the Company. However, if the Company’s failure to comply cannot
reasonably be cured within ten (10) days, the Company shall be allowed additional time (not to exceed an additional thirty (30) days) as is reasonably necessary to cure the failure so long as: (a) the Company commences to cure the
failure within the ten (10) day period following GES’s initial written notice, and (b) the Company diligently pursues a course of action that will cure the failure and bring the Company back into compliance with this Agreement.

 8.2 Default by GES. If GES fails to comply with any term, provision or covenant of this Agreement, and such failure
continues for ten (10) days after receipt of written notice of such failure from the Company, the Company may terminate this Agreement by providing written notice thereof to GES. However, if GES’s failure to comply cannot reasonably be
cured within ten (10) days, GES shall be allowed additional time (not to exceed an additional thirty (30) days) as is reasonably necessary to cure the failure so long as: (a) GES commences to cure the failure within the ten
(10) day period following the Company’s initial written notice, and (b) GES diligently pursues a course of action that will cure the failure and bring GES back into compliance with this Agreement. 

8.3 Mutual Agreement. This Agreement may be terminated at any time by mutual written agreement of the Parties. 

8.4 Expiration. Unless previously terminated pursuant to Sections 8.1, 8.2 or 8.3, this Agreement shall
terminate upon the expiration of the Transition Period, as extended pursuant to Section 1. 
 9. Cooperation and
Further Assurance. Each of GES and the Company shall, upon request by the other Party, cooperate with the other Party by furnishing any additional information, executing and delivering any additional documents and/or instruments and doing any
and all such other things as may be reasonably required by the Parties to consummate or otherwise implement the transactions contemplated by this Agreement. In addition, each Party acknowledges and agrees that the purpose of this Agreement is to
ensure an orderly and efficient transition of their respective businesses, and that each Party agrees to use its reasonable efforts to provide the other with any other transition assistance reasonably requested but not specifically addressed herein,
at the requesting Party’s sole cost an expense. 
 10. Effect of Secondment Agreement. In the event that the Closing
occurs on or prior to December 31, 2011, the Parties agree that the Transferred Employees that have accepted an offer of employment from the Company will not become employees of the Company until January 31, 2012, and during the period
between the Closing and such date of employment, the Parties may, pursuant to the terms of the Contribution Agreement, enter into a reasonable and customary secondment arrangement or agreement with terms acceptable to both Parties, providing that
GES will make the Transferred Employees that have accepted an offer of employment from the Company available to 

  
 6 








 
the Company at the Company’s sole cost and expense (the “Secondment Agreement”). The Secondment Agreement, if entered into between the Parties, shall in no way affect the
terms or provisions of this Agreement, and the terms and provisions of this Agreement shall in no way affect the terms and provisions of any Secondment Agreement. 
 11. Notices. Any notice to be given pursuant to this Agreement shall be deemed effective if given personally, or by telephone, telegram, telecopy, facsimile or other electronic transmission, or by
letter to a designated officer of GES and the Company, as the case may be. Notice in person, or by telephone, telegram, telecopy, facsimile or other electronic transmission shall be deemed effective when given. Notice by mail shall be deemed
effective seventy-two (72) hours after deposit in the United States mails, and properly addressed with postage prepaid. 
  

			
	If, to the Company:	  	with copies to:
		
	Independence Contract Drilling, Inc.	  	Fulbright & Jaworski, L.L.P.
	11616 N. Galayda Street	  	1301 McKinney, Suite 5100
	Houston, Texas 77086	  	Houston, Texas 77010
	Attn: Chief Executive Officer	  	Attention: David S. Peterman
	Telephone: (281) 820-7895	  	Telephone: (713) 651-3635
	Facsimile: (281) 605-5034	  	Facsimile: (713) 615-5246
		
	if to GES:	  	with copies to:
		
	Global Energy Services Operating, LLC	  	BoyarMiller
	11616 N. Galayda Street	  	4265 San Felipe, Suite 1200
	Houston, Texas 77086	  	Houston, Texas 77027
	Attn: Chief Executive Officer	  	Attention: J. William Boyar
	Telephone: (281) 447-9000	  	Telephone: (832) 615-4218
	Facsimile: (832) 645-7421	  	Facsimile: (713) 552-1758

 or other such addresses as may be furnished by the Parties from time to time in writing. 

12. Compliance with Applicable Laws. Both Parties shall comply with all applicable laws and restrictions imposed thereunder in the
conduct of their obligations under this Agreement. 
 13. Governing Law; Venue. The interpretation, construction and
performance of this Agreement, the other documents delivered pursuant hereto and the legal relations among the Parties shall be governed by and construed in accordance with the internal laws of the State of Texas applicable to contracts made and to
be wholly performed in such state. All disputes, controversies or differences that may arise out of, in relation to, or in connection with this Agreement or the breach thereof shall be brought in the state or federal courts sitting in Harris County,
Texas, to which the Parties irrevocably submit. It is agreed that venue shall lie exclusively in the courts of Harris County, Texas with respect to the foregoing matters. 

  
 7 








 14. Miscellaneous. 

13.1 Assignment. Neither this Agreement nor the rights or obligations of GES or the Company hereunder are assignable in whole or
in part by either Party without the prior written consent of the other Party. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective permitted successors and assigns. 

13.2 Independent Contractor Relationship. Each Party’s relationship with the other Party under this Agreement shall be that
of an independent contractor. 
 13.3 Entire Agreement. Together with the Contribution Agreement (including the other
agreements contemplated thereby) and the Lease, this Agreement embodies the entire agreement and understanding of the Parties and supersedes any and all prior agreements, arrangements and understandings relating to matters provided for herein.

 13.4 Amendments. The provisions of this Agreement may be amended or waived only by an instrument in writing signed by
the Party against which enforcement of such amendment or waiver is sought. Any waiver of any term or condition of this Agreement or any breach hereof shall not operate as a waiver of any other such term, condition or breach, and no failure to
enforce any provision hereof shall operate as a waiver of such provision or of any other provision hereof. 
 13.5
Headings. The headings are for convenience only and will not control or affect the meaning or construction of the provisions of this Agreement. 
 13.6 Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument. Any
counterpart executed by a Party and delivered by electronic transmission, including by portable document format, shall be valid as an original counterpart of this Agreement. 
 13.7 Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining
terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. Any invalid or unenforceable provision shall be modified to the extent necessary to allow for
enforceability and to give effect to the original intent of the Parties to the extent possible. 
 13.8 No Third Party
Beneficiaries. Nothing in this Agreement shall create or be deemed to create any third-party beneficiary rights or any obligations in any person or entity not a Party to this Agreement (other than any Party’s permitted successor or
assignee). No Party may assert any claim against any officer, director, shareholder, partner, manager, employee, representative, agent or member of any Party (unless such officer, director, shareholder, partner, manager, employee, representative,
agent or member is also a party hereto) under this Agreement with respect to any obligation arising out of this Agreement or the transactions contemplated hereby. 
 [SIGNATURE PAGE FOLLOWS] 

  
 8 








 IN WITNESS WHEREOF, the Parties hereto have executed this agreement as of the day and
year first above written. 
  

			
	THE COMPANY:
	
	 INDEPENDENCE CONTRACT DRILLING, INC.,
 a Delaware corporation

		
	By:	 	  

		 	Byron Dunn,
		 	Chief Executive Officer
	
	GES:
	
	 GLOBAL ENERGY SERVICES OPERATING, LLC,
 a Delaware limited liability company

		
	By:	 	  

		 	Michael Stansberry,
		 	Chief Executive Officer



  
 9 








 Exhibit A 

Form of Lease 
 See attached. 







 Exhibit B 

Shared Services and Percentage Share 
  

													
	 Department

Number
	  	 Department
	  	Percentage
ICD
Share	 	 	Percentage
GES
Share	 	 	 Calculation

Method

	 Direct
	  	 	 	 	 	 	 	 
					
	 501
	  	Mechanical	  	 	50	% 	 	 	50	% 	 	Salary/Wage and Fringes
					
	 502
	  	Electrical	  				 				 	Hourly by job
					
	 503
	  	Fabrication	  				 				 	Hourly by job
					
	 504
	  	Yard Construction	  				 				 	Hourly by job
					
	 505
	  	Engineering	  				 				 	Hourly by job
					
	 506
	  	Field Service	  	 	100	  	 	 	0	  	 	
					
	 507
	  	Training	  	 	100	  	 	 	0	  	 	
				
	 Indirect
	  	 	 	 	 	 	 	 
					
	 521
	  	Customer Service	  	 	100	  	 	 	0	  	 	
					
	 522
	  	Project Management	  	 	75	  	 	 	25	  	 	Salary/Wage and Fringes
					
	 523
	  	Mfg Management	  	 	90	  	 	 	10	  	 	Salary/Wage and Fringes
					
	 524
	  	Mfg Mechanical	  	 	50	  	 	 	50	  	 	Salary/Wage and Fringes
					
	 525
	  	Mfg Electrical	  				 				 	Hourly by job
					
	 526
	  	Mfg Fabrication	  				 				 	Hourly by job









													
					
	 527
	  	 Mfg Yard Construction
	  				  				  	 Hourly by job

					
	 528
	  	 Mfg Bldg Facilities
	  				  				  	 Square Footage of each as percentage of total

					
	 529
	  	 Engineering Management
	  	 	50	  	  	 	        50	  	  	
					
	 530
	  	 Engineering Electrical
	  				  				  	 Hourly by job

					
	 531
	  	 Engineering Controls
	  	 	100	  	  	 	0	  	  	
					
	 532
	  	 Engineering Structural Mechanical
	  				  				  	 Hourly by job

					
	 533
	  	 Engineering Applications
	  	 	100	  	  	 	0	  	  	
				
	 SG&A
	  	 	 	  	 	 	  	 
					
	 610
	  	 Executive
	  	 	TBD      	  	  				  	
					
	 611
	  	 Sales - Outside
	  	 	100	  	  	 	0	  	  	
					
	 612
	  	 Sales - Inside
	  	 	100	  	  	 	0	  	  	
					
	 619
	  	 Document Control
	  	 	70	  	  	 	30	  	  	 Salary/Wage and Fringes

					
	 620
	  	 Information Technology
	  	 	75	  	  	 	25	  	  	 Salary/Wage and Fringes

					
	 621
	  	 Finance & Accounting
	  	 	70	  	  	 	30	  	  	 Salary/Wage and Fringes

					
	 622
	  	 Human Resources
	  				  				  	 Percentage of total number of employees



  
 12 










													
					
	 623
	  	 Supply Chain
	  	 	75	  	  	 	25	  	  	 Salary/Wage and Fringes

					
	 624
	  	 Quality Control
	  	 	75	  	  	 	25	  	  	 Salary/Wage and Fringes

					
	 625
	  	 Planning
	  	 	100	  	  	 	0	  	  	
					
	 626
	  	 Safety
	  				  				  	 Percentage of total number of employees

					
	 627
	  	 Corporate
	  	 	TBD      	  	  				  	
					
	 NA
	  	 Facility Overhead Costs
	  	 	TBD      	  	  	 	TBD      	  	  	 Square Footage of each as percentage of total



  
 13 









 EXHIBIT F 

Terms of the Registration Rights Agreement 







 EXHIBIT F 

Terms of the Registration Rights Agreement 
 1. Form of Agreement: Subject to the descriptions and other provisions summarized below, the form of the Registration Rights Agreement to be entered into by the Company with holders of GES Shares
and RAC Shares (each a “Holder”) will be substantially similar to the terms of a registration rights agreement to be entered into between the Company and FBR Capital Markets & Co. (“FBR”) for the benefit of
FBR and the purchasers of shares of common stock of the Company to be initially resold by FBR to qualified institutional buyers (the “144A Investors”) in the Rule 144A Offering. 

2. Demand Registrations: 

Number of demand registrations: Three in aggregate, one to GES and two to RAC, which may be assigned to affiliates of 4D and Lime Rock
(who will become Holders for purposes of the Registration Rights Agreement) and may be exercised at any time after the first anniversary of the effective date of the shelf registration statement for the 144A Investors or initial public offering of
Independence. 
 Intervals between demand registrations or shelf takedowns: One year unless otherwise agreed by the Company.

 Registration will be deemed to be a demand registration if the registration statement becomes effective (unless it does not
remain effective for at least 90 days), unless the Company fails to satisfy any underwriters’ closing conditions or all shares requested to be registered under such registration statement are not registered. 

The Holder or Holders requesting registration will select the underwriters, subject to any contractual obligations the Company has under
its advisory agreement with FBR. 
 3. Piggyback Registrations. 
 Holders will be entitled to an initial piggyback registration under any shelf registration statement filed on behalf of the 144A Investors, subject to any disproportionate cutback in the number of such
Holders’ shares registered under such shelf registration statement in accordance with the terms of the Registration Rights Agreement. 
 Further piggyback registrations by the Holders will be unlimited, subject to any disproportionate cutback in the number of such Holders’ shares registered under such shelf registration statement(s)
in accordance with the terms of the Registration Rights Agreement. 
 The priority of any Holder in any cutback described above
will be behind the Company and behind the 144A Investors for any initial public offering or other underwritten offering of the shares of the common stock of the Company. 







 4. Company Deferral Rights. 
 The Company will have the right to defer a registration or takedown of a shelf registration for up to 60 days in any 12-month period for material non-public events or if the Company is conducting or is
about to conduct an offering. 
 5. Expenses. 
 The Company will pay the costs of registration, consents, “comfort letter” and any Company counsel opinions. Other expenses are Holder expenses (selling Holder’s legal expenses, any
“blue sky” registration and related expenses and commissions or spreads paid to underwriters, dealers or other agents on such Holder’s shares). 
 6. Lockup Agreements. 
 Each Holder will agree to 180-day lock-up periods
pursuant to the purchase/placement agent agreement between the Company and FBR. 
 Each Holder will agree not to effect any
public sale or distribution of equity securities of the Company (or securities convertible or exchangeable into such securities), including under Rule 144 of the Securities Act, during the period that begins 10 days prior to and ends 60 days after
any Holder registration or sale or offering by the Company. 
 7. Suspension of Offering. 

Upon notice, each Holder will suspend its use of any prospectus/registration statement and any distribution of shares of common stock of
the Company until the Company has cured any misstatement or omission. 
 8. Termination. 

Registration rights will terminate at the earlier of (a) seven years from the closing date of the initial public offering by the
Company or, (b) with respect to any Holder, the date that all registrable securities held by such Holder may be sold in a three-month period without registration pursuant to Rule 144 of the Securities Act. 

9. Indemnification. 
 The
Company will agree to customary indemnities, except for information furnished by any Holder for inclusion in any registration statement or related document, in which case such Holder will indemnify the Company. 







 EXHIBIT G 

Form of RAC Contract Assignment 







 ASSIGNMENT AND ASSUMPTION OF CONTRACTS 

(RAC) 
 This
ASSIGNMENT AND ASSUMPTION OF CONTRACTS (this “Assignment”) is executed effective as of             , 20     (the “Effective
Date”) between INDEPENDENCE CONTRACT DRILLING, LLC, a Delaware limited liability company (“RAC”), and INDEPENDENCE CONTRACT DRILLING, INC., a Delaware corporation (the “Company”)
(collectively, the “Parties” and each, individually, a “Party”). 
 RECITALS

 WHEREAS, RAC and the Company, among others, have entered into that certain Asset Contribution and Share
Subscription Agreement dated effective November 23, 2011 (the “Contribution Agreement”), relating to the contribution of the RAC Contributed Assets, as described therein; 

WHEREAS, pursuant to and in accordance with the terms of the Contribution Agreement, RAC has agreed to assign to the Company all
of its rights, title and interests in and to the Rig Contract, as further described below; 
 WHEREAS, this Assignment is
executed and delivered pursuant to the Contribution Agreement; 
 NOW, THEREFORE, in consideration of the premises and
the representations, warranties, covenants and agreements contained herein and in the Contribution Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally
bound hereby, RAC and the Company hereby agree as follows: 
 1. Defined Terms. All capitalized terms not
otherwise defined herein shall have the meanings ascribed thereto in the Contribution Agreement. 
 2. Assignment of
Contracts. RAC hereby assigns, transfers and delivers to the Company and the Company’s successors and permitted assigns all rights and benefits of every kind or character pursuant to, and all right, title and interest of RAC in and to
the Rig Contract, TO HAVE AND TO HOLD the Rig Contract unto the Company and the Company’s successors and assigns, from and after the Effective Date for the remainder of the term of the Rig Contract, subject to the terms, covenants and
conditions therein. 
 3. Acceptance and Assumption. The Company hereby accepts the above assignment of the Rig
Contract and further assumes the performance and observance of all terms, covenants and conditions therein to be performed or observed by RAC on or after the Effective Date to the extent set forth in the Contribution Agreement. 

4. Additional Rights and Obligations of the Parties. The Parties hereby agree and acknowledge that this Assignment is being
entered into and delivered pursuant to and subject to the 

  
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terms and conditions set forth in the Contribution Agreement, that additional rights and obligations of the Parties are expressly provided for therein, and that the execution and delivery of this
Assignment shall not impair or diminish any of the rights or obligations of any of the parties to the Contribution Agreement, as set forth therein. 
 5. Counterparts. This Assignment may be executed in multiple originals and/or counterparts, each shall be deemed to be an original, and all of which, together, shall constitute one
instrument. Any counterpart executed by a Party and delivered by electronic transmission, including by portable document format, shall be valid as an original counterpart of this Assignment. 

6. Descriptive Headings. The descriptive headings of this Assignment are inserted for convenience only and shall not be
deemed to affect the meaning or construction of any of the provisions hereof. 
 7. Further Assurances. From time
to time, as and when requested by the Company, RAC shall execute and deliver, or cause to be executed and delivered, such documents and instruments and shall take, or cause to be taken, such further or other actions as may be reasonably necessary to
carry out the purposes set forth herein. 
 8. Governing Law. This Assignment shall be governed by and construed
in accordance with the laws of the State of Texas without regard to the principles of conflicts of laws thereof. 
 9.
Binding Effect. This Assignment, and all the terms and provisions hereof, shall be binding upon and shall inure to the benefit of RAC and the Company, and their respective successors and permitted assigns. 

10. Severability. In case any one or more of the provisions contained in this Assignment shall, for any reason, be held to
be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions hereof, and this Assignment shall be construed as if such invalid, illegal, or unenforceable provision had
never been contained herein. 
 [SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the Parties have executed this Assignment effective as of the
Effective Date. 
  

			
	RAC:
	
	INDEPENDENCE CONTRACT DRILLING, LLC, a Delaware limited liability company
		
	By:	 	  

		 	Byron Dunn, Chief Executive Officer
	
	THE COMPANY:
	
	INDEPENDENCE CONTRACT DRILLING, INC. a Delaware corporation
		
	By:	 	  

		 	Byron Dunn, Chief Executive Officer


 SIGNATURE PAGE TO 

ASSIGNMENT AND ASSUMPTION OF CONTRACTS 

(RAC) 







 EXHIBIT H 

Definitive Amounts of the RAC Threshold and RAC Cap 
 To be completed at Closing. 







 EXHIBIT I 

Definitive Amounts of the Company Threshold and Company Cap 

To be completed at Closing.