EX-10.15



 Exhibit 10.15 

FIRST MODIFICATION TO 

LOAN AND SECURITY AGREEMENT 

This First Modification to Loan and Security Agreement (“First Modification Agreement”) is made and entered into this 27th
day of August, 2013, by and between BISON DRILLING AND FIELD SERVICES LLC, a Delaware limited liability company (“Borrower”) and INTERNATIONAL BANK OF COMMERCE (the “Lender”). 

WITNESSETH: 

WHEREAS, on or about May 31, 2013, Borrower and Lender entered into that certain Loan and Security Agreement (the “Loan
Agreement”) pursuant to which Borrower executed and delivered to Lender two promissory notes, as follows (1) that certain Revolving Line of Credit Promissory Note in the face amount of $5,000,000, with a maturity date of June 1, 2014
(“Revolving Note”); and (2) that certain Promissory Note in the face amount of $30,000,000, with a maturity date of April 17, 2013 (the “Term Note”) (the Revolving Note and Term Note are collectively referred to as the
“Notes”); and 
 WHEREAS, Borrower and Lender wish to modify certain terms of the Loan Agreement, as provided for herein;
and 
 NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements contained herein, and for other
good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Lender and Borrower hereby covenant and agree as follows: 

1. Modification of Collateral: Lender and Borrower desire to amend the descriptions of certain Collateral contained on Schedule 1 of
the Loan Agreement as follows: 
 (a) Schedule 1: Schedule 1 of the Loan Agreement is hereby deleted and replaced with Schedule 1
attached hereto. 
 (b) Modification of UCC Filings: Lender is authorized to correct any UCC filings made in connection with the Loan
Agreement to reflect the replacement of Schedule 1 herein. 
 2. Replacement of Certain Provisions. Each of Section 2.1(b) and
Section 6.20 of the Loan Agreement is hereby deleted and replaced with the following respective provisions: 
 2.1(b). Term Note Use
of Proceeds. Lender agrees to lend to Borrower the Term Loan for the specific purpose of: (i) refinancing Borrower’s current term loan with Amegy Bank with a principal balance of approximately $8,750,000; (ii) providing Borrower
funds in the amount of approximately $7,500,000 to upgrade and improve a certain drilling rig known as Rig #80; (iii) providing Borrower funds in the amount of approximately $3,250,000 to upgrade and improve Borrower’s ancillary business
activities, including running casing, rathole and mousehole drilling, rental items, hot oil (well service) and vacuum trucks (well service); (iv) provide Borrower funds in the amount of approximately $7,500,000 for purchase of certain
equipment, including sixteen (16) new Kenworth trucks, ten (10) trailers, two (2) cranes and providing initial working capital for Borrower’s Heavy Hauling Group; (v) providing Borrower


  

			
	First Modification to Loan & Security Agreement  Execution Version	 	Page 1









 
funds in the amount of approximately $3,000,000 for upgrading and relocating two (2) of Borrower’s existing rigs for deployment in the Utica Shale in Ohio; and (vi) to pay Lender
the Loan Fee described in Section 2.3 herein and Lender’s other costs of Closing, including but not limited to Lender’s attorney’s fees, filing fees and appraisal costs. 

6.20. Fixed Charge Coverage Ratio. Beginning with the quarter-ending March 31, 2014, Borrower will at all times maintain a Fixed
Charge Coverage Ratio of not less than 1.25 to 1, calculated and tested quarterly on a rolling 4 quarters basis. The Fixed Charge Coverage Ratio is calculated as the EBITDA for the period minus Distributions, minus Non-Financed Capital Expenditures,
divided by the sum of current maturities plus interest expense. 
 3. Effectiveness of Loan Documents: Except as specifically
modified by the terms and provisions hereof, each and every of the terms and provisions of the Loan Documents (as defined in Section 1.29 of the Loan Agreement) are and shall remain in full force and effect and are hereby assumed, ratified, and
confirmed; and the execution, delivery, and effectiveness of this First Modification Agreement shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of Lender under any of the Loan Documents nor constitute
a waiver of any provision of any of the Loan Documents. The parties hereto agree that the modifications herein contained to the Loan Documents shall not affect or impair the Loan Documents or any lien(s) securing the same. 

4. Execution Counterparts: This First Modification Agreement may be executed in any number of counterparts, each of which so executed
and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same instrument. 
 5.
Governing Law: The terms and provisions hereof shall be governed by, construed, and enforced in accordance with the laws of the State of Oklahoma. 

6. Entire Agreement: This First Modification Agreement constitutes the entire agreement of the parties with respect to the subject
matter hereof, and may be amended only in writing, executed by all parties herein. 
 7. Modification Only. This agreement is only a
modification of the Loan Agreement and not a novation. All terms and conditions of the Notes and all other Loan Documents executed in connection with said Notes shall remain in full force and effect. 

8. Defined Terms. Any term not defined herein shall have the meaning set forth in the Loan Agreement. 

  

			
	First Modification to Loan & Security Agreement  Execution Version	 	Page 2









 IN WITNESS WHEREOF, the parties hereto have executed this First Modification Agreement as of the
date first above written. 
  

							
	BORROWER:	 		 	 BISON DRILLING AND FIELD SERVICES LLC, a

Delaware limited liability company

				
		 		 	By:	 	 /s/ Kaes Van’T Hof

		 		 		 	KAES VAN’T HOF, Chief Executive Officer
			
	LENDER:	 		 	INTERNATIONAL BANK OF COMMERCE
				
		 		 	By:	 	 /s/ Thomas L. Travis

		 		 		 	THOMAS L. TRAVIS, President


  

			
	First Modification to Loan & Security Agreement  Execution Version	 	Page 3









 SCHEDULE 1 

To Loan and Security Agreement 

Equipment Collateral 
 The Equipment described in
Section 1.14( c) of the Loan and Security Agreement includes, but is not limited to: 
 Capital Equipment 

 

					
	 Item
#
	  	 Unit

#
	  	 Description

			
	1	  	Rig 41	  	Draw works: Skytop Brewster N-46, powered by (2) Cat 3412 (not tags) with National C-245 Torque converters. Pump #1 Gardner Denver PZ9 1,000HP Triplex Pump with Cat D389 #08R2112. Pump 2 Maxium Triplex Pump with Cat 3512 #67Z00603.
Rotating Equipment is Brewster RSH 18” rotary table, Gardner Denver 300 Swivel, 300 ton, McKissik 250ton Block w/250ton Web-Wiulson Hydra hook. Has BOP Equipment, Generator House with (2) Cat 3406E 320Kw #’s 8ER03114 & 8ER01831. Mud
System, Fuel Tank with 8,000 gl Diesel & built in lubester. Drill pipe & Drill Collars. Has all accessories needed to drill. 2012 Ameritech Crew house & Company man quarter’s #11-10103 & #11-101290.
			
	2	  	Rig 42	  	Draw works: Skytop Brewster N-46, powered by (2) Cat 3412 #’s 15-0768 & 15-0439 with National C-245 Torque Converters. Pump #1 Maxum 1300HP Triplex #06-0110 with Cat D399 (no tag), Pump #2 MZ9 #18-0240 l000Hp Triplex with
Cat D398 #66B25226. Rotating Equipment is Brewster RSH 18 rotary table, Gardner Denver 300 Swivel, 300 ton, McKissik 250 ton Block w/250 ton Web-Wiulson Hydra hook. Has BOP Equipment, Generators House with (2) Cat 3406E #’s 8ER01830 &
8ER03113 320KW generators. 8,000 gl fuel tank with lubester. Mud System, Drill pipe & Drill Collars. Has all accessories needed to drill. 2012 Ameritech Crew house & Company man quarter’s # 11-101291.
			
	3	  	Rig 56	  	Draw works: BDW 800, powered by (2) Cat 379 #76B251 & 68B3609. Pump l 1600 HP Maxum Triplex with Cat D3516 #52W00110, Pump #2 l000HP Maxum Triplex #16-09-08 with Cat D3516 #52W00109. Generator house with (2) Cat C15 320KW
generators #8ER04255 (no tag 2nd unit). Rotating Equipment National 22 1/2” rotary table, Ideco 300 ton Swivel. National 300 ton Traveling block and hook. Has BOP Equipment, 10,000 gl fuel tank with lubester. Mud systems, Drill pipe & Drill
collars. Has all accessories needed to drill 2012 Ameritech Crew house & Company man quarters.
			
	4	  	Rig 62	  	Draw works: Rebuilt BDW 800 MI with Eaton 236 Brake #234. Powered by (2) Cat C15’s #MCW03037 & MCW03035, Pump #1 Maxum 1600 HP Triplex pump # 18-0231 with Cat D3516 # 66B2929, Pump #2 Maxum 1000 HP Triplex with Cat D398 #
66B7168. Rotating Equipment Gardner Denver 22 1/2” Rotary table, National 815 300 ton swivel, Oilwell 300 ton Traveling block w/250 ton Web Wilson Hook. Has BOP Equipment, Generator house with (1) Cat 353 # 320Kw #EM166959711 & (1) Cat 3406
#3ER10111. 10,000 gl fuel tank with lubester. Mud Systems, Drill pipe & Collars. Has all accessories needed to drill. 2012 Ameritech Crew house & company man quarter’s
#11-101296.


  

			
	First Modification to Loan & Security Agreement  Execution Version	 	Page 4










					
	 Item
#
	  	 Unit

#
	  	 Description

			
	5	  	Rig 64	  	Draw works: Cabot 1200 w/Paramac V-80 dual aux brake, (2) Cat 3412 #4CR1477. Pump #1 Ideco 1600 #136 w/Cat 398 #35Z01183. Pump #2 MZ9 #18-0254 w/Cat 398 #66B866. Rotary is 27 1/2” continental Emsco, Swivel 400T National, block
400T Gardner Denver w/Wilson Hydra Hook. Has BOP Equipment, Generators house with (2) Cat Cl5 400KW #’s FSE00310 & FSE00311, Mud system, Drill Pipe & Collars. Has all accessories needed to drill. 2012 Ameritech Crew house & company
man quarter’s #11-101298. Rig and all support equipment refurbished 2012.
			
	6	  	Rig 75	  	Draw works: National 110 w/336 Eaton brake, (2) Cat 3412 #’s 81Z17730 & 81Z03732. Pump #1 Bomco 1600 Hp Triplex #Bl72006 w/Cat D3512 #24Z09366. Pump #2 Bomco 1600 HP w/Cat D3512 #24Z08925. Rotating Equipment 27 1/2”
Table, National 400 Ton Swivel National 400 Ton Block, Has BOP Equipment, Generators house with (2) Cat 3412 #’s BLG02826 & TFT00398, Mud system, Drill Pipe & Collars. Has all accessories needed to drill.
			
	8	  	Rig 87	  	Draw works: Oilwell 760 w/342 Parmac Aux Brake, (2) Cat 379 #D879BP, Pump #1 1300HP Ideco #186 w/Cat 3512, Pump #2 1300 HP Ideco #146 w/Cat 3512 #49Y00830, Rotary 27 1/2” Mid Continent, Swivel 400Ton Ideco, Block 250 ton
National combo. Has BOP Equipment, Generators house with (2) Cat 3412 #81Z01705 (no tag 2 unit). Mud system, Drill Pipe & Collars. Has all accessories needed to drill.
			
	9	  	Rig 1	  	Workover rig: Taylor 550, year 2009 Serial # RA532499, 104 Mast-250K lb pull. VIN# 1T95SD2319A5322499
			
	10	  	Rig 2	  	Workover rig: Taylor 550, year 2009 Serial # RA532489, 104 Mast-250K lb pull. VIN# 1T95SD2399A532489
			
	11	  	Rig 3	  	Workover rig: Taylor 550, year 2009 Serial # RA532486, 104 Mast-250K lb pull. VIN# 1T95SD2339A532486
			
	12	  	Rig 4	  	Workover rig: Taylor 550, year 2009 Serial # RA532485, 104 Mast-250K lb pull. VIN# 1T95SC2350A532485


  

			
	First Modification to Loan & Security Agreement  Execution Version	 	Page 5










					
	 Item
#
	  	 Unit

#
	  	 Description

			
	13	  	101	  	Spudder Rig #1: Atlas Copco RD20; Carrier: 1cydgv5845t046914, Unit: 6497. 600HP duplex pump w/Cat 398
			
	14	  	102	  	Spudder Rig #2: Atlas Copco RD20; Carrier: 1cydgv5885t046916, Unit: 6977-600HP duplex pump w/Cat398
			
	15	  	R1	  	Reversing Unit #1: PUMP -Model PE50, Ser. # 716730 w/Eng DW LS TT Ser. # 8FF7224. SWIVEL: 2.5/585 Ser. # S-150-H w/Eng Cummins B39TAAP110 Ser. # 46382749
			
	16	  	R2	  	Reversing Unit #2: PUMP -Model HSTEEE, Ser. # 18028 w/Eng Cat C7 Ser. # JTF11068. SWIVEL: S85 Vin # 1M9GU14284D886001 w/Eng Cat C4.4 Ser#44602867

  

	
	 RIG 80

	Draw works: National 80 1000HP w/ (2)Cat 379, Pump #1 Maxum 1300HP Triplex w/Cat D399, Pump #2 Maxum 1300HP w/Cat D399, Rotating Equipment Hacker 27 1/2”, Gardner Denver 300 Ton Swivel, 300Ton McKissik 250Ton Block w/250 Ton
Web-Wilson Hydra Hook. Has BOP Equipment, Generators, Mud system, Drill Pipe & Collars.

  

	
	 Top Drives

	Top Drive #1; FDS 150; Serial # TD-155, #HPU-155
	Top Drive #4; Tesco 250 HMI; Serial # T24123-11, #T10917
	Top Drive #2; Tesco 250 HMI; Serial # TD-131, #HPU-145
	Top Drive #3; Tesco 250 HMI; Serial # TBU

 Vehicles 
  

											
	 Type
	  	 Manufacturer
	  	 Model #
	  	 Serial No./VIN No.
	  	 Year/Age
	  	 Miles

	Truck	  	Ford	  	F150	  	1FTEX1CM2BFA49142	  	2011	  	35300
	Truck	  	Ford	  	F150	  	1GCRKSE32BZ305997	  	2011	  	66219
	Truck	  	Chevrolet	  	1500	  	1GCSKSE3XAZ240865	  	2010	  	91620
	Truck	  	Chevrolet	  	1500 ILT	  	1GCRKSE36BZ292333	  	2011	  	68500
	Truck	  	Chevrolet	  	1500 ILT	  	1GCSKSE31AZ107380	  	2011	  	66400
	Truck	  	Chevrolet	  	1500 ILT	  	1GCSKSE37AZ280448	  	2011	  	90285
	Truck	  	Chevrolet	  	1500 ILT	  	1GCSKSE39AZ265448	  	2011	  	120000
	Truck	  	GMC	  	2500	  	1GT4K0B61AF104413	  	2010	  	197000
	Truck	  	Ford	  	F450	  	1FDUF4GT1BEC19946	  	2011	  	86500
	Truck	  	International	  	4200/Service Trk	  	1HTMPAFL37H527839	  	2007	  	174329
	Truck	  	Ford	  	Lariat	  	1FTFW1ET4CFC11690	  	2012	  	35200
	Truck	  	Ford	  	F150	  	1FTFW1CT4BFB23577	  	2011	  	100000


  

			
	First Modification to Loan & Security Agreement  Execution Version	 	Page 6










											
	 Type
	  	 Manufacturer
	  	 Model #
	  	 Serial No./VIN No.
	  	 Year/Age
	  	 Miles

	Truck	  	Ford	  	F150	  	1FTEX1CM6CKD13715	  	2012	  	19300
	Truck	  	GMC	  	C4500	  	1GDE4C1246F403217	  	2005	  	91300
	Truck	  	Ford	  	F150	  	1FTEX1CM0CKD95277	  	2012	  	49574
	Truck	  	Ford	  	F150	  	1FTEX1CMKD95279	  	2013	  	90000
	Truck	  	Ford	  	F150	  	1FTEX1CMKD95280	  	2013	  	43000
	Truck	  	Ford	  	F150	  	1FTEX1CMKD95278	  	2013	  	40500
	Truck	  	Chevrolet	  	2500	  	1GC1CVCG3BF189051	  	2011	  	49500
	Truck	  	Chevrolet	  	2500	  	1GC1CVCGXBF189449	  	2011	  	57000
	Truck	  	Ford	  	F250	  	1FT7X2AT4CEB00222	  	2012	  	72000
	Truck	  	Chevrolet	  	Silverado 3500	  	1GBJC34255E192748	  	2005	  	150000
	Truck	  	Ford	  	Lariat	  	1FTSW2BR3AEA74029	  	2010	  	140500
	Truck	  	Ford	  	F150	  	1FT7W2BT9BED02327	  	2011	  	20000
	Truck	  	Ford	  	F250	  	1FT7X2ATSBEC57062	  	2011	  	31000
	Truck	  	GMC	  	2500	  	1GT11ZCGSCF110994	  	2012	  	14000
	Tractor	  	Mack	  	CH613	  	1M1AA18Y14N157286	  	2004	  	
	Truck	  	Chevrolet	  	1500	  	1GCRKSE37BZ306255	  	2011	  	69900
	Truck	  	Ford	  	F450 (welder)	  	1FDUF4GT4BEC45831	  	2011	  	32153
	Tractor	  	International	  	2574 Winch	  	1HSGGBGT9MH370030	  	1991	  	
	Truck	  	Ford	  	F450	  	1FDXW4HR0AEA52705	  	2010	  	11000
	Tractor	  	Kenworth	  	Winch truck	  	1594435	  		  	
	Trailer	  	Terr	  	Crew/dog house	  	TT227972	  	2009	  	
	Trailer	  	Terr	  	Crew/dog house	  	TT227973	  	2009	  	
	Trailer	  	Terr	  	Crew/dog house	  	TT227974	  	2009	  	
	Trailer	  	Terr	  	Crew/dog house	  	TT227975	  	2009	  	
	Trailer	  		  	40’ Pipe Trailer	  	T1329491	  		  	
	Trailer	  		  	40’ Pipe Trailer	  	T1329490	  		  	
	Steam Cleaner	  		  	Trailer Steam Cleaner	  	T2E37249	  	2009	  	
	Power Washer	  		  	Trailer Mounted Power Washer	  	253972/16VNX12299	  	2012	  	
	Extenda Forklift	  	Skytrack	  	10054 10,000 lb	  	139068	  		  	
	Extenda Forklift	  	GEHL	  	RS8-42	  	RS842JW1215685	  	2005	  	
	Extenda Forklift	  	GEHL	  	RS8-42	  	RS845JW0315346	  	2005	  	
	Extenda Forklift	  	GEHL	  	RS8-42	  	RS842JW0815519	  	2005	  	
	Extenda Forklift	  	GEHL	  	RS8-42	  	RS842JW0515416	  	2005	  	
	Extenda Forklift	  	GEHL	  	RS8-42	  	RS842JW1115649	  	2005	  	
	Extenda Forklift	  	GEHL	  	RS8-42	  	RS842JW0715486	  	2005	  	
		  	CT	  		  	5RHCT10249H002389	  	2009	  	
		  	CENT	  		  	5RHCT10239H002439	  	2009	  	
		  	CLAS	  		  	10WCT16219W045038	  	2009	  	
		  	SWIV	  		  	1M9GU1428AD886001	  	2010	  	
		  	SHOP	  		  	TR204604	  	2012	  	
		  	DCRC	  		  	46UFU402561104176	  	2006	  	


  

			
	First Modification to Loan & Security Agreement  Execution Version	 	Page 7









 Not in Service Equipment 

Draw works: 125 National/Ideal 2000 hp (qty 1) (Ram) 
 Ingersoll
Rand Air Hoist (Kruse) 
 Gardner Denver Air Hoist (Kruse) 
 Air
Hoist Winch (Yantai) 
 10’W x 32’L Tool Pusher House (Kruse) 

42“H x 4’10”W x 57’L Catwalk w/ Steel Deck (Kruse) 

Koomey 6-Station Closing Unit (Kruse) 
 42“H x 5’W x
50’L Sgl Sec Catwalk (Kruse) 
 27 1/2” Rotary Table (Kruse) 

Rebuilt Rotary Table 
 Skytop Brewster Drawworks/Deadline Anchor
Henderson 
 Supply 
 Air Compressors: 185 cfm air compressor
Ser. # 11076 (Ram) 
 Mathey Style Retriever Wireline Machine (kruse) 

Torque converters: National C-300 Ser. # 1930 (Ram) 
 Torque
converters: National C-300 Ser. # 1931 (Ram) 
 Torque Spare (Rebuilt Rig 41) (Rig 62) 

3406 w/ Allison Engine (Warren) 
 Floor Engines (Rig 62 drawworks
rebuild) 
 3408 CAT Diesel Engine 
 D395 Engine Overhaul 

CAT Rebuild (Rig 87 drawworks) 
 Mud Pump (Gear End) 

Pump Motor 
 Mud Pits - Shale Shaker 

Trip Tank (Warren) 
 Max 2000 10 HP Mud Agitator p/h Elec Mtr.
(2) Drk. Vibrators 
 Shaffer Type B 13 5/8” 3M Dbl w/o Rams 

5M# Choke Manifold w/ (1) 3 l/16” (3) 2 l/16” Gates 

2002 CAT 435 KW Generator p/b C-16 (3456 hrs) 
 Genhouse: 3412 cat
gensct 525 kw on open wall genhouse Ser· 
 # 00000klry00572-3f07647 (Ram) 

Portable generator: Cummins 180 kw enclosed tandem trailer 
 Ser.
#. rl-19-51838-10/21-1 (Ram) 
 3406 Generator (Warren) 

Electric motors: 75 hp & 40 hp baldor motors (Ram) 

7,138 feet of Drill pipe 
 Drill Collar 5 1/2” to 7”
Slips 
 Type C Drill Collar Safety Clamps (4) 
 6 5/8” Reg
Slick Drill Collars 
 4 1/2” XH Slick Drill Collars 
 Pipe
Racks: Ass. Pipe racks and steel racks (Ram) 
 (2) 42“H x 28’L Triangular Pipe Racks 

(2) 42“H x 15’L & (2) 42“H x 28’L Triangular Pipe Racks 

Set (2) 42“H x 28’L Triangular Pipe Racks (Kruse) 

  

			
	First Modification to Loan & Security Agreement  Execution Version	 	Page 8









 Crown Cluster set of 56’x5” sheave cluster, grooved 1 3/8” 

(Ram) 
 Gardner Denver Traveling Blocks (300 Ton) (From Rig 41)

 EMSCO 250 Ton Block 
 Swivels: Gardner Denver 400 Ton (Ram)

 Swivel (Rig 41) 
 5 1/4” Hex Kelly
(38.5’) (Kruse) 
 5 1/4” Hex Kelly Drive Bushings (Kruse) 

Kelly Hoses: 42’x4” gates kelly hoses (Ram) 
 Kelly
Hoses: 20’x4” gates vibrator hoses (Ram) 
 Kelly Hoses: 10’x4” gates vibrator hoses (Ram) 

VARCO 5 1/4” HEX KELLY DRIVE BUSHING 
 3 1/2” ID Rotary
Hose 
 2 3/4” x 108” Elevator Links (Kruse) 
 (2) 2
3/4” x 108” Elevator Links (Kruse) 
 BJ Type B Tongs w/ Heads (Kruse) 

WTM Type B Tongs w/ Heads (Kruse) 
 SDML 3 1/2” to 4
1/2” DRILL PIPE SLIPS W/ Inserts 
 Flanges: assortment 4”, 6”, 8” (Ram) 

Pipe Fittings: assortment of ells forty fives collars/flanges 

(Ram) 
 Ball Valves: 2”, 4”, 6” brass and steel
valves (Ram) 
 Large assortment of nuts, bolts and fittings (Ram) 

Sand blaster with hoses and nozzle (Ram) 
 3 Welders (Warren) 

342 Brakes (Warren) 
 Chemical BBls (Warren) 

HPU (Warren) 
 Pump Expendables (Warren) 

MCM cent Pumps (Warren) 
 (16) Sets of 9“H x 28’L Pipe
Runners (Kruse) 
 5 1/4” Hex Kelly w/ Varco HD Drive Bushing & Shuck (Kruse) 

(7) WTM Type A (4) 9 Seg (2) 10-Seg (l) 12 Seg (Kruse) 

3 1/2’’ ID x 25’L Steel Flex Hose & 3 1/2“ID x 20’ Vibrator 

Hose (Kruse) 
 (5) Slips (AOT, (2) Varco, Wooley B-long,
Wooley 8 Seg) 
 (Kruse) 
 (2) Type T DC Safety Clamps (NEW)
(Kruse) 
 (1) 12 Seg, (1) 8 Seg, 7 Seg, 2” Chicksan, (6) Handls, Auto 

Drill Sensor (Kruse) 
 398 Engine Rebuilt (originally from Rig 62)

 Mud Pump (>350 HP) Maxium (M-1300) 
 #2 Generator
Engine(Cat D379) 
 Wilson SD Casing Elevators (Kruse Pittsburgh) 

  

			
	First Modification to Loan & Security Agreement  Execution Version	 	Page 9









 Ancillary Items 

MISC Equipment & Supplies 
 20’ SEA
CONTAINER 
 BLOWOUT PREVENTER 1-1 
 BLOWOUT PREVENTER 2-1 

BLOWOUT PREVENTER 3-1 
 REPLACEMENT 

FLOWBACK TANK 1-1 
 FLOWBACK TANK 2-1 

FLOWBACK TANK 3-1 
 CLIPPER LINE SCALE 

WELDER 
 CAT WALK 

WELDING TOOLS 
 RAW STEEL 

MISC SHOP SUPPLIES 
 PIPE RACK 

3-1/2” SLICK DRILL COLLAR 
 BJ 50 TON AIR TUBING SLIPS 

ELEVATOR LINKS 
 TUBING ELEVATOR 

TUBING AIR SLIPS 
 ROD ELEVATORS 

3 1/8” DRILL COLLARS - 10 
 3 1/2” DRILL COLLARS- 9 

LIFT SUBS- 18 
 DRILL COLLAR 

ACCESSORIES (XOVER) 
 DRILL COLLARS 

TUBING TONGS 
 PIPE RACKS 

SANDLINE 
 SHAFFER 7 1/16” 3K# BOP 

SHAFFER 7 1/16” 3K# BOP (2) 
 BJ TYPE TBG TONGS 

  

			
	First Modification to Loan & Security Agreement  Execution Version	 	Page 10