Document:

Subscription Agreement  - Evelyn Angelle

 Exhibit 10.27 

 
  
  

SUBSCRIPTION AGREEMENT 
 between 
 FORUM ENERGY
TECHNOLOGIES, INC. 
 and 

EVELYN ANGELLE 
 August 3, 2011 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	
	ARTICLE I ISSUANCE OF COMMON SHARES	  
			
	 Section 1.1
	  	Purchase and Issuance of Shares; Purchase Price.	  	 	1	  
	
	ARTICLE II CLOSING	  
			
	 Section 2.1
	  	Closing	  	 	1	  
	
	ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE CORPORATION	  
			
	 Section 3.1
	  	Organization	  	 	2	  
	 Section 3.2
	  	Authorization	  	 	2	  
	 Section 3.3
	  	Valid Issuance of Common Stock	  	 	2	  
	
	ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE INVESTOR	  
			
	 Section 4.1
	  	Authorization	  	 	2	  
	 Section 4.2
	  	Brokers or Finders	  	 	3	  
	 Section 4.3
	  	Restrictions on Transfer or Sale of the Stock.	  	 	3	  
	 Section 4.4
	  	Investor Status.	  	 	4	  
	
	ARTICLE V MISCELLANEOUS	  
			
	 Section 5.1
	  	Issuance Subject to Stockholders Agreement	  	 	5	  
	 Section 5.2
	  	Notices	  	 	5	  
	 Section 5.3
	  	Entire Agreement	  	 	5	  
	 Section 5.4
	  	Binding Effect; Assignment; No Third Party Benefit; Termination	  	 	6	  
	 Section 5.5
	  	Severability	  	 	6	  
	 Section 5.6
	  	Governing Law	  	 	6	  
	 Section 5.7
	  	Construction	  	 	6	  
	 Section 5.8
	  	Injunctive Relief	  	 	7	  
	 Section 5.9
	  	Consent to Jurisdiction.	  	 	7	  
	 Section 5.10
	  	Amendment; Termination	  	 	7	  
	 Section 5.11
	  	Waiver	  	 	7	  
	 Section 5.12
	  	Counterparts	  	 	8	  

 SUBSCRIPTION AGREEMENT 

THIS SUBSCRIPTION AGREEMENT (this “Agreement”) is made and entered into as of August 3, 2011 (the
“Effective Date”), by and between Forum Energy Technologies, Inc., a Delaware corporation (the “Corporation”), and Evelyn Angelle (the “Investor”). 

BACKGROUND: 
 WHEREAS, the board of directors of the Corporation (the “Board”) has appointed the Investor to serve as a member of the Board; and 

WHEREAS, in connection with such appointment, the Corporation desires to issue and sell to the Investor up to 176 shares (the
“Shares”) of common stock, par value $0.01 per share, of the Corporation (“Common Stock”). 

NOW, THEREFORE, for and in consideration of the foregoing and the respective representations, warranties, covenants, agreements and
conditions set forth herein, the parties agree as follows: 
 ARTICLE I 

ISSUANCE OF SHARES 
 Section 1.1 Purchase and Issuance of Shares; Purchase Price. At the Closing and on the terms and subject to the conditions set forth in this Agreement, the Corporation shall issue and sell to
the Investor, and the Investor shall purchase for cash, at a price per share equal to $565.00 (the “Purchase Price”), the Shares. The Investor shall make payment for such Shares in cash in the amount of $99,440.00 by check made
payable to the Corporation or by wire transfer to a bank account designated by the Corporation in writing to the Investor prior to the Closing or by such other payment as is mutually agreed to by the Investor and the Corporation. 

ARTICLE II 

CLOSING 

Section 2.1 Closing. The purchase and sale of the Shares shall occur at such time and place as the Corporation and the
Investor shall mutually agree (which time and place are designated as the “Closing”). 
 (a) Deliveries by
the Investor at Closing. Subject to the terms and conditions hereof, at the Closing, the Investor shall cause the following to be delivered to the Corporation: 
 (i) the aggregate Purchase Price payable by the Investor for the Shares as set forth in Section 1.1; 
 (ii) counterparts of the Stockholders Agreement, duly executed by the Investor as a shareholder of the Corporation; and 

 (iii) all other agreements, documents, instruments and other writings reasonably required to
be delivered to the Corporation by the Investor at or prior to the Closing pursuant to this Agreement. 
 (b) Deliveries by
the Corporation at Closing. Subject to the terms and conditions hereof, promptly after the Closing, the Corporation shall cause to be delivered to the Investor a stock certificate duly executed and delivered on behalf of the Corporation
representing the Shares. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES OF THE CORPORATION 
 The Corporation
represents and warrants the following to the Investor as of the date hereof and as of the date of the Closing: 

Section 3.1 Organization. The Corporation is duly incorporated, validly existing and in good standing under the laws of the
State of Delaware, with full power and authority to conduct its business as it is currently being conducted and to own its assets and to consummate the transactions contemplated by this Agreement; and has obtained any other authorizations,
approvals, permits and orders required by law that are material to the Corporation for the conduct of its business as it is currently being conducted and to consummate the transactions contemplated by this Agreement. 

Section 3.2 Authorization. The Corporation has the requisite power and authority to execute and deliver this Agreement and to
carry out the provisions of this Agreement. This Agreement has been duly and validly executed and delivered and constitutes, assuming due execution and delivery by the Investor, a valid and legally binding obligation of the Corporation, enforceable
against the Corporation in accordance with its terms, subject to creditors’ rights. The Corporation has duly authorized the issuance and sale of the shares of Common Stock upon the terms of this Agreement by all requisite corporate action,
including the authorization by the Corporation’s board of directors of the issuance and sale of the shares of Common Stock in accordance herewith. 
 Section 3.3 Valid Issuance of Common Stock. The shares of Common Stock issuable in accordance with this Agreement when paid for and delivered to the Investor in accordance with the terms of
this Agreement will constitute validly authorized, duly issued, fully paid and non-assessable shares of Common Stock, and the issuance thereof will not conflict with the organizational documents of the Corporation, as amended to date, nor with any
outstanding warrants, option, call, preemptive right or commitment of any type relating to the Corporation’s capital stock. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF THE INVESTOR 
 The Investor represents and warrants the following to the Corporation as of the date hereof and as of the date of the Closing: 
 Section 4.1 Authorization. The Investor has the requisite power and authority to 

  
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execute and deliver this Agreement and to carry out the provisions of this Agreement. This Agreement has been duly and validly executed and delivered and constitutes, assuming due execution and
delivery by the Corporation, a valid and legally binding obligation of the Investor, enforceable against the Investor in accordance with its terms, subject to creditors’ rights. 

Section 4.2 Brokers or Finders. No Person has or will have, as a result of the issuance of the shares of Common Stock
pursuant to this Agreement, any right, interest or valid claim against or upon the Corporation or any of its subsidiaries for any commission, fee or other compensation as a finder or broker because of any act or omission by the Investor or his
agents. 
 Section 4.3 Restrictions on Transfer or Sale of the Stock. 

(a) The Investor is acquiring the shares of Common Stock solely for the Investor’s own beneficial account, for investment purposes,
and not with a view to, or for resale in connection with, any distribution of the Common Stock. The Investor understands that the securities being purchased have not been registered under the Securities Act of 1933, as amended (the
“Securities Act”), and all applicable state securities laws by reason of specific exemptions under the provisions thereof which depend in part upon the investment intent of the Investor and of the other representations made by the
Investor in this Agreement. The Investor understands that the Corporation 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. 
 (b) The Investor understands that the shares of Common Stock being purchased are
“restricted securities” under applicable federal securities laws and that the Securities Act and the rules of the Securities and Exchange Commission (the “Commission”) provide in substance that the undersigned may dispose
of the securities being purchased only pursuant to an effective registration statement under the Securities Act or an exemption therefrom, and the undersigned understands that the Corporation has no obligation or intention to register any of the
securities being purchased, or to take action so as to permit sales pursuant to the Securities Act (including Rule 144 thereunder) except as may be required by the Corporation to comply with the Registration Rights Agreement attached as an exhibit
to the Stockholders Agreement (as defined below). Accordingly, the Investor understands that under the Commission’s rules, the Investor may dispose of the securities being purchased principally only in “private placements” which are
exempt from registration under the Securities Act, in which event the transferee will acquire “restricted securities” subject to the same limitations as in the hands of the Investor. As a consequence, the Investor understands that he must
bear the economic risks of the investment in the securities purchased for an indefinite period of time. 
 (c) The Investor
agrees: (i) that he will not sell, assign, pledge, give, transfer or otherwise dispose of the securities purchased or any interest therein, or make any offer or attempt to do any of the foregoing, except pursuant to a registration of such
securities 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; (ii) that the certificate(s) for
the securities purchased will bear a legend making reference to the foregoing restrictions; and (iii) that the Corporation and any transfer agent for the securities purchased shall not be required to give effect to any purported transfer of any
of such securities except upon compliance with the foregoing restrictions. 

  
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 (d) The Shares issuable pursuant to this Agreement shall be subject to a stop transfer order
and the certificate or certificates evidencing any such Shares shall bear the following legend: 
 THIS SECURITY HAS NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, OR OTHERWISE DISPOSED OF UNLESS IT HAS BEEN REGISTERED UNDER THE SECURITIES ACT OR UNLESS AN EXEMPTION
FROM REGISTRATION IS AVAILABLE (AND, IN SUCH CASE, AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY TO THE EFFECT THAT SUCH OFFER, SALE, TRANSFER OR DISPOSITION IS NOT REQUIRED TO BE REGISTERED UNDER THE SECURITIES ACT HAS BEEN PROVIDED
TO THE COMPANY). THIS SECURITY IS SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND OTHER TERMS AND CONDITIONS SET FORTH IN THE AMENDED AND RESTATED STOCKHOLDERS AGREEMENT OF THE COMPANY, AND SET FORTH IN THE CERTIFICATE OF INCORPORATION AND BYLAWS OF
THE COMPANY, COPIES OF WHICH MAY BE OBTAINED FROM THE COMPANY AT ITS PRINCIPAL EXECUTIVE OFFICES. 
 Section 4.4
Investor Status. 
 (a) The Investor is an “Accredited Investor” (as such term is defined in the Stockholders
Agreement). 
 (b) The Investor is familiar with the business and financial condition, properties, operations and prospects of
the Corporation and has had an opportunity to ask questions of the Corporation’s management and has made all investigations which he deems necessary or desirable. The Investor has carefully considered and has, to the extent the Investor
believes such discussion necessary, discussed with the Investor’s professional legal, tax, accounting and/or financial advisors, as the case may be, the suitability of an investment in the Corporation for the Investor’s
particular tax and financial situation and has determined that the Common Stock to be purchased by the Investor pursuant to this Agreement is a suitable investment for the Investor. 

(c) The Investor, either alone or with the Investor’s attorney, as applicable, has such knowledge and experience in financial, tax
and business matters so as to enable the Investor to use the information made available to the Investor to evaluate the merits and risks of an investment in the Shares and to make an informed investment decision with respect thereto. 

  
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 (d) The Investor is not purchasing the Shares as a result of or after any advertisement,
article, notice or other communication published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any seminar or meeting. 
 (e) The Investor is able to bear the substantial economic risks of an investment in the Shares for an indefinite period of time, has no need for liquidity in such investment and, at the present
time, could afford a complete loss of such investment. 
 (f) The Investor recognizes that investment in the Shares
involves substantial risks, including loss of the entire amount of such investment. Further, the Investor has taken full cognizance of and understands all of the risks related to the purchase of the Shares. 

ARTICLE V 

MISCELLANEOUS 
 Section 5.1 Issuance Subject to Stockholders Agreement. The Investor hereby acknowledges that the Shares are hereby expressly subject to, and the Investor shall be a party to, the terms and
conditions of the Amended and Restated Stockholders Agreement dated as of August 2, 2010, by and among the Corporation and the other stockholders of the Corporation named therein, as the same may be amended from time to time (the
“Stockholders Agreement”). 
 Section 5.2 Notices. All notices, requests, claims, demands and other
communications hereunder shall be in writing and shall be deemed to have been duly given or made (a) when delivered if delivered in person or sent by nationally recognized overnight or second day courier service, (b) upon transmission by
fax if transmission is confirmed, or (c) three Business Days after deposit with a United States post office if delivered by registered or certified mail (postage prepaid, return receipt requested) to the respective parties as follows:

  

	
	 if to the Corporation:

	
	 Forum Energy Technologies, Inc.

	 920 Memorial City Way, Suite 800

	 Houston, TX 77024

	 Attention: General Counsel

	 Fax: (281) 949-2555

  

	
	 if to the Investor:

	
	 Evelyn Angelle

	 13822 Dry Creek Ranch

	 Cypress, TX 77429

 or to such other address as any party may have furnished to the others in writing in accordance herewith, except that
notices of change of address shall only be effective upon receipt. 
 Section 5.3 Entire Agreement. This
Agreement and any other writings referred to herein or delivered pursuant hereto, constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes all prior contracts, agreements and understandings,
whether oral or written, among the parties with respect to the subject matter hereof. 

  
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 Section 5.4 Binding Effect; Assignment; No Third Party Benefit; Termination.
This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, permitted successors, permitted assigns and legal representatives; and by their signatures hereto, the Corporation and the Investor
intend to and do hereby become bound. Nothing expressed or mentioned in this Agreement is intended or shall be construed to give any Person other than the parties hereto and their respective heirs, permitted successors, permitted assigns or legal
representatives any legal or equitable right, remedy or claim under, in or in respect of this Agreement or any provision herein contained, except to the extent expressly provided in this Agreement. Neither this Agreement nor any of the rights,
interests, or obligations hereunder shall be assigned by the Corporation to any Person without the prior written consent of the Investor. Neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned by the
Investor to any Person without the prior written consent of the Corporation. 
 Section 5.5 Severability. If
any provision of this Agreement is held to be illegal, invalid or unenforceable under present or future laws effective during the term of this Agreement, such provision shall be fully severable; this Agreement shall be construed and enforced as if
such illegal, invalid or unenforceable provision had never comprised a part of this Agreement; and the remaining provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable
provision or by its severance from this Agreement; provided that if any such provision may be made enforceable by limitation thereof, then such provision shall be deemed to be so limited and shall be enforceable to the maximum extent
permitted by applicable law. Furthermore, in lieu of (and to the extent of) each such illegal, invalid or unenforceable provision, there shall be added automatically as a part of this Agreement a provision as similar in terms to such illegal,
invalid or unenforceable provision as may be possible and be legal, valid and enforceable. 
 Section 5.6 Governing
Law. This Agreement shall be governed by and construed in accordance with the law of the state of Delaware, without regard to the conflicts of law principles of such state. 

Section 5.7 Construction. Unless the context requires otherwise: (a) pronouns in the masculine, feminine and
neuter genders shall be construed to include any other gender, and words in the singular form shall be construed to include the plural and vice versa, (b) the term “including” shall be construed to be expansive rather than
limiting in nature and to mean “including, without limitation,” (c) references to Articles and Sections refer to Articles and Sections of this Agreement; (d) the words “this Agreement,”
“herein,” “hereof,” “hereby,” “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited,
(e) all references to “days” are to calendar days, (f) the term “Business Day” shall mean any day except Saturday, Sunday or any day on which banks are generally not open for business in Houston, Texas, and
(g) the term “Person” shall mean an individual or a corporation, partnership, trust, incorporated or unincorporated association, limited liability company, joint venture, joint stock company, government (or an agency or
political subdivision thereof) or other entity of any kind. The descriptive headings used herein are inserted for convenience of reference only, do not constitute a part of this Agreement, and shall not affect in any manner the meaning or
interpretation of this Agreement. 

  
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 Section 5.8 Injunctive Relief. The parties hereto acknowledge and agree
that irreparable damage would occur in the event any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an
injunction or injunctions to prevent breaches of the provisions of this Agreement, and shall be entitled to enforce specifically the provisions of this Agreement, in any court of the United States or any state thereof having jurisdiction, in
addition to any other remedy to which the parties may be entitled under this Agreement or at law or in equity. Each party to this Agreement hereby waives any requirements for the securing or posting of any bond with respect to such remedy of
specific performance or other injunctive relief. 
 Section 5.9 Consent to Jurisdiction. 

(a) The parties hereto hereby irrevocably submit to the exclusive jurisdiction of the courts of Houston, Texas and the Court of Chancery
located in Delaware, and appropriate appellate courts therefrom, over any dispute arising out of or relating to this Agreement or any of the transactions contemplated hereby, and each party hereby irrevocably agrees that all claims in respect of
such dispute or proceeding may 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 dispute
arising out of or relating to this Agreement or any of the transactions contemplated hereby brought in such court or any defense of inconvenient forum for the maintenance of such dispute. 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. This consent to jurisdiction is being given solely for purposes of this Agreement and is not intended to, and shall not, confer consent to
jurisdiction with respect to any other dispute in which a party to this Agreement may become involved. 
 (b) The parties hereto
hereby consents to process being served by any party to this Agreement in any suit, action, or proceeding of the nature specified in subsection (a) above by the mailing of a copy thereof in the manner specified by the provisions of
Section 5.2. 
 (c) The parties hereto hereby irrevocably waives all right to trial by jury in any action,
proceeding, or counterclaim arising out of or relating to this Agreement. 
 Section 5.10 Amendment; Termination.
The provisions of this Agreement may be amended, modified, supplemented, restated or waived only with the written consent of the Corporation and the Investor. In the event that the Investor does not deliver the Purchase Price and the other
documents and instruments required to be delivered at Closing in accordance with Section 2.1(a), the Corporation shall have the right to terminate this Agreement by delivery of written notice to the Investor. 

Section 5.11 Waiver. A waiver or consent, express or implied, to or of any breach or default by any Person in the performance
by that Person of its obligations with respect to this Agreement is not a consent or waiver to or of any other breach or default in the performance by 

  
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that Person of the same or any other obligations of that Person with respect to this Agreement. Failure on the part of a Person to complain of any act of any Person or to declare any Person in
default with respect to this Agreement, irrespective of how long that failure continues, does not constitute a waiver by that Person of its rights with respect to that default until the applicable statute of limitations period has run. 

Section 5.12 Counterparts. This Agreement may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed an original, and all such counterparts together shall constitute one instrument. Delivery of a copy of this Agreement bearing an original signature by facsimile transmission or by electronic mail shall have the
same effect as physical delivery of the paper document bearing the original signature. 
 [Signature
pages follow.] 

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.

  

			
	THE CORPORATION:
	
	FORUM ENERGY TECHNOLOGIES, INC.
		
	By:	 	 /s/ James L. McCulloch

	Name:	 	James L. McCulloch
	Title:	 	Senior Vice President, General Counsel and
		 	Secretary
	
	THE INVESTOR:
		
	By:	 	 /s/ Evelyn Angelle

	Name:	 	Evelyn Angelle

 Signature Page to Subscription Agreement (Angelle)Agreement and Amendment No. 1 to Credit Agreement

 Exhibit 10.28 
 EXECUTION VERSION 
 AGREEMENT AND AMENDMENT NO. 1 TO CREDIT AGREEMENT

 This Agreement and Amendment No. 1 to Credit Agreement (this “Agreement”) dated as of June 29,
2011 (the “Effective Date”) is among Forum Energy Technologies, Inc. (the “Borrower”), the Lenders (as defined below), the Issuing Lenders (as defined below), and Wells Fargo Bank, N.A., as administrative agent (in
such capacity, the “Administrative Agent”). 
 INTRODUCTION 

A. The Borrower, the Administrative Agent, the issuing lenders party thereto from time to time (the “Issuing Lenders”)
and the lenders party thereto from time to time (the “Lenders”) are parties to that certain Credit Agreement dated as of August 2, 2010 (the “Credit Agreement”). 

B. The Borrower has requested that the Lenders agree to (1) increase the aggregate Commitments under the Credit Agreement from
$450,000,000 to $750,000,000, with such increase being provided by certain of the Lenders (such $300,000,000 increase being referred to herein as the “Increase Amount”) and (2) amend certain provisions of the Credit Agreement
as set forth below. 
 THEREFORE, the Borrower, the Administrative Agent, the Issuing Lenders, and the Lenders hereby agree as
follows: 
 Section 1. Defined Terms; Other Definitional Provisions. As used in this Agreement, each of the
terms defined in the opening paragraph and the Recitals above shall have the meanings assigned to such terms therein. Each term defined in the Credit Agreement and used herein without definition shall have the meaning assigned to such term in the
Credit Agreement, unless expressly provided to the contrary. Article, Section, Schedule, and Exhibit references are to Articles and Sections of and Schedules and Exhibits to this Agreement, unless otherwise specified. The words “hereof”,
“herein”, and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The term “including” means
“including, without limitation,”. Paragraph headings have been inserted in this Agreement as a matter of convenience for reference only and it is agreed that such paragraph headings are not a part of this Agreement and shall not be used in
the interpretation of any provision of this Agreement. 
 Section 2. Increase in Commitments. Each of the
Lenders (other than Amegy Bank National Association (the “Non-Increasing Lender”)) hereby agrees and acknowledges that its respective Commitment is hereby increased to the amounts set forth next to its name on Schedule II attached
hereto. Each of the Lenders, including the Non-Increasing Lender, hereby acknowledge and agree that, after giving effect to the increases effected hereby, its Commitment on the Effective Date is as set forth on Schedule II attached hereto.

 Section 3. Amendments to Credit Agreement. 

(a) Section 1.1 of the Credit Agreement is hereby amended by adding the following new defined terms in alphabetical order:

 “Amendment No. 1” means that certain Agreement and Amendment No. 1 to Credit Agreement dated as
of June 29, 2011 among the parties hereto which amends the Credit Agreement. 

“Amendment No. 1 Effective Date” means June 29, 2011.

 “Required Liquidity Amount” means (a) from the Effective Date to
and including the Amendment No. 1 Effective Date, $40,000,000, (b) from the Amendment No. 1 Effective Date to and including December 31, 2011, $25,000,000, and (c) from and after January 1, 2012, $40,000,000.

 (b) Section 1.1 of the Credit Agreement is hereby further amended by deleting the defined terms
“Commitment” and “Fee Letter” and replacing them in their entirety with the following corresponding terms: 
 “Commitment” means, for each Lender, the obligation of each Lender to advance to Borrower the amount set opposite such Lender’s name on Schedule II as its Commitment, or if such
Lender has entered into any Assignment and Acceptance, the amount set forth for such Lender as its Commitment in the Register, as such amount may be reduced pursuant to Section 2.1(b); provided that, after the Maturity Date, the
Commitment for each Lender shall be zero; and provided further that, the aggregate Commitment shall not exceed $750,000,000. The aggregate amount of all Commitments on the Amendment No. 1 Effective Date is $750,000,000. 

“Fee Letter” means (a) that certain engagement and fee letter dated as of June 10, 2010
among the Borrower, Wells Fargo, and the Co-Lead Arrangers and (b) that certain engagement and fee letter dated as of June 24, 2011 among the Borrower, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, and J.P. Morgan Securities LLC. 
 (c) Section 2.15 of the Credit Agreement is hereby replaced in its
entirety with the following: 
 Section 2.15 Reserved.  

(d) Section 5.8(a) of the Credit Agreement is hereby amended by replacing the reference to “...Domestic Restricted
Subsidiary...” found in clause (ii) therein with a reference to “...Domestic Restricted Subsidiary and First Tier Foreign Subsidiary....” 

(e) Section 6.1 of the Credit Agreement is hereby amended by replacing the reference to “$700,000,000” found in
clause (k) therein with a reference to “$750,000,000”. 
 (f) Section 6.3 of the Credit Agreement is
hereby amended by replacing clause (n) found therein in its entirety with the following: 
 (n)
Investments in the form of Equity Interests, including the purchase or acquisition thereof and capital contributions in connection therewith, made by the Restricted Entities in or to Foreign Restricted Subsidiaries; provided that, (i) such
Investments are made for general corporate purposes or to fund a Permitted Acquisition, (ii) the aggregate amount of such Investments permitted under this clause (n) shall not exceed $150,000,000 (other than as a result of appreciation),
and (iii) such Investments shall be subject to the limitation in Section 6.3(d)(ii) above); and 
 (g)
Section 6.4 of the Credit Agreement is hereby amended by replacing clause (b) found therein in its entirety with the following: 
 (b) an Acquisition that meets each of the following conditions: (i) no Default exists both before and after giving effect to such Acquisition; (ii) both before and after giving effect to such
Acquisition, Availability is greater than or equal to the Required Liquidity Amount; and (iii)

  
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either (A) no more than 65% of the total consideration for such Acquisition will be funded with Advances or (B) after giving effect to such Acquisition, the Borrower’s pro forma
Leverage Ratio is less than (1) 3.25 to 1.00 for any period ending on or prior to December 31, 2011, (2) 3.00 to 1.00 for any period ending after December 31, 2011 but on or prior to December 31, 2012, (3) 2.75 to 1.00
for any period ending after December 31, 2012 but on or prior to December 31, 2013, and (4) 2.50 to 1.00 for any period ending after December 31, 2013, and the Borrower has delivered to the Administrative Agent a compliance
certificate evidencing such pro forma compliance duly executed by a Responsible Officer of the Borrower. 
 (h)
Section 6.18 of the Credit Agreement is hereby replaced in its entirety with the following: 

Section 6.18 Leverage Ratio. Borrower shall not permit the Leverage Ratio as of the last day of each fiscal
quarter, commencing with the quarter ending September 30, 2010, to be more than (a) 3.75 to 1.00 for each fiscal quarter ending on or prior to December 31, 2011, (b) 3.50 to 1.00 for each fiscal quarter ending after
December 31, 2011 but on or prior to December 31, 2012, (c) 3.25 to 1.00 for each fiscal quarter ending after December 31, 2012 but on or prior to December 31, 2013, and (d) 3.00 to 1.00 for each fiscal quarter ending
after December 31, 2013. 
 (i) Schedule II to the Credit Agreement is hereby deleted and replaced in its entirety with
the Schedule II attached to this Agreement. 
 (j) Exhibit B to the Credit Agreement is hereby deleted and replaced in its
entirety with the Exhibit B attached to this Agreement. 
 Section 4. Representations and Warranties. Each
Credit Party represents and warrants that: (a) the representations and warranties contained in the Credit Agreement, as amended hereby, and the representations and warranties contained in the other Credit Documents are true and correct in all
material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on and as of the Effective Date as if made on as and
as of such date except to the extent that any such representation or warranty expressly relates solely to an earlier date, in which case such representation or warranty is true and correct in all material respects (except that such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of such earlier date; (b) no Default has occurred and is continuing; (c) the execution,
delivery and performance of this Agreement are within the corporate, partnership, or limited liability company power, as applicable, and authority of such Credit Party and have been duly authorized by appropriate governing action and proceedings;
(d) this Agreement constitutes the legal, valid, and binding obligation of such Credit Party enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting
the rights of creditors generally and general principles of equity; (e) there are no governmental or other third party consents, licenses and approvals required in connection with the execution, delivery, performance, validity and
enforceability of this Agreement; and (f) the Liens under the Security Documents are valid and subsisting and secure the Secured Obligations. 
 Section 5. Effects of Non-Pro Rata Increase. 
 (a) On the
Effective Date, the Borrower shall prepay any outstanding Revolving Advances to the extent necessary to keep the outstanding Revolving Advances ratable to reflect the revised Pro Rata Shares of the Lenders arising as a result of the increase in the
Commitments effected hereby. Each Lender is deemed to have made, on the Effective Date, a Base Rate Advance in an amount equal to its Pro 

  
 -3-

 
Rata Share (after giving effect to the increases in Commitments effected hereby) of the aggregate outstanding amount of the Revolving Advances (prior to giving effect to the prepayment required
under this clause (a)). With the proceeds of such Base Rate Advances, the Borrower is deemed to have made the mandatory prepayments required under this clause (a). 
 (b) Effective as of the Effective Date, each Lender’s participation in Letter of Credit Obligations or Swing Line Advances shall be automatically adjusted and revised to account for such
Lender’s new Pro Rata Share (after giving effect to the increases in the Commitments effected hereby). 
 Section 6.
Conditions to Effectiveness. This Agreement shall become effective on the Effective Date and enforceable against the parties hereto upon the occurrence of the following conditions precedent: 

(a) Documentation. The Administrative Agent shall have received the following, duly executed by all the parties thereto, in form
and substance reasonably satisfactory to the Administrative Agent: 
 (i) this Agreement, new Notes to the extent requested by
the Lenders, reflecting the Commitments set forth on Schedule II attached hereto, and the engagement and fee letter among the Borrower, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and J.P. Morgan
Securities LLC. 
 (ii) a secretary’s certificate from the Borrower certifying (A) updated incumbencies of authorized
officers, (B) authorizing resolutions for this Agreement and the increase in the Commitments and (C) either updated organizational documents or a certification that the organizational documents delivered on the original closing date of the
Credit Agreement have not been amended and are in full force and effect; 
 (iii) certificates of good standing and existence for
each Credit Party, in each state in which each such Person is organized, which certificate shall be dated a date not sooner than 30 days prior to Effective Date; 
 (iv) executed copies, certified by an authorized officer of the Borrower, of the Purchase and Sale Agreement among Davis-Lynch Holding Co., Inc., as seller, Carl A. Davis as shareholder, and the Borrower
(the “Davis Lynch PSA”); 
 (v) a legal opinion of Vinson & Elkins LLP, as outside counsel to the
Borrower, in form and substance reasonably acceptable to the Administrative Agent; and 
 (vi) such other documents and
agreements, as the Administrative Agent may reasonably request. 
 (b) Payment of Fees. The Borrower shall have paid the
fees and expenses required to be paid as of or on the Effective Date by Section 9.1 of the Credit Agreement to the extent invoiced prior to the Effective Date or any other provision of a Credit Document, including the Fee Letter (as such term
is amended hereby). 
 (c) Material Adverse Change. No event or circumstance that could reasonably be expected to result
in a Material Adverse Change shall have occurred. 

  
 -4-

 (d) Davis- Lynch Acquisition Termination. As of the Effective Date, the Borrower
shall have no intention to terminate the Davis Lynch PSA, and shall not have received any notice of termination or intention to terminate the Davis Lynch PSA from any other party thereto. 

(e) Officer’s Certificate. The Administrative Agent shall have received a certificate of an authorized officer of the
Borrower certifying (i) both before and after giving effect to the increase in the Commitments effected hereby, no Default has occurred and is continuing, (ii) all representations and warranties made by the Borrower in the Credit Agreement
are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof), unless such
representation or warranty relates to an earlier date which remains true and correct in all material respects as of such earlier date (except that such materiality qualifier shall not be applicable to any representations and warranties that already
are qualified or modified by materiality in the text thereof), (iii) the pro forma compliance with the covenants in Sections 6.17, 6.18 and 6.19 of the Credit Agreement, as amended hereby, after giving effect to increase in the Commitments
effected hereby, and (iv) all conditions set forth in this Section 6 have been met. 
 Section 7.
Acknowledgments and Agreements. 
 (a) Borrower acknowledges that on the date hereof all outstanding Obligations
are payable in accordance with their terms and Borrower waives any defense, offset, counterclaim or recoupment with respect thereto. 
 (b) Borrower, each Guarantor, Administrative Agent, each Issuing Lender and each Lender does hereby adopt, ratify, and confirm the Credit Agreement, as amended hereby, and acknowledges and agrees that the
Credit Agreement, as amended hereby, is and remains in full force and effect, and the Borrower and the Guarantors acknowledge and agree that their respective liabilities and obligations under the Credit Agreement, as amended hereby, and the
Guaranty, are not impaired in any respect by this Agreement. 
 (c) From and after the Effective Date, all references to the
Credit Agreement and the Credit Documents shall mean the Credit Agreement and such Credit Documents as amended by this Agreement. 
 (d) This Agreement is a Credit Document for the purposes of the provisions of the other Credit Documents. Without limiting the foregoing, any breach of representations, warranties, and covenants under
this Agreement shall be a Default or Event of Default, as applicable, under the Credit Agreement. 
 (e) Notwithstanding the
three Business Days advance notice requirement set forth in Section 2.4(a)(i) and Section 2.4(b)(ii) of the Credit Agreement, the parties hereto agree that (i) as to any Notice of Borrowing for Eurodollar Advances to be funded on
Friday, July 1, 2011, the Borrower may provide such Notice of Borrowing as late as 12:00 noon (Houston, Texas time) on Wednesday, June 29, 2011, and (ii) as to any Notice of Continuation or Conversion for Advances to be converted into
Eurodollar Advances on Friday, July 1, 2011, the Borrower may provide such Notice of Continuation or Conversion as late as 12:00 noon (Houston, Texas time) on Wednesday, June 29, 2011. 

Section 8. Reaffirmation of the Guaranty. Each Guarantor hereby ratifies, confirms, acknowledges and agrees that its
obligations under the Guaranty are in full force and effect and that such Guarantor continues to unconditionally and irrevocably guarantee the full and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise,
of all of the Guaranteed Obligations (as defined in the Guaranty), as such Guaranteed Obligations may have been amended by this 

  
 -5-

 
Agreement, and its execution and delivery of this Agreement does not indicate or establish an approval or consent requirement by such Guarantor under the Guaranty in connection with the execution
and delivery of amendments, consents or waivers to the Credit Agreement, the Notes or any of the other Credit Documents. 

Section 9. Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an
original and all of which, taken together, constitute a single instrument. This Agreement may be executed by facsimile signature and all such signatures shall be effective as originals. 

Section 10. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted pursuant to the Credit Agreement. 
 Section 11.
Invalidity. In the event that any one or more of the provisions contained in this Agreement shall for any reason be held invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect
any other provision of this Agreement. 
 Section 12. Governing Law. This Agreement shall be deemed a
contract under, and shall be governed by, and construed and enforced in accordance with, the laws of the State of New York, applicable to contracts made and to be performed entirely within such state, including without regard to conflicts of laws
principles. 
 Section 13. Submission to Jurisdiction. EACH PARTY TO THIS AGREEMENT IRREVOCABLY AND
UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE
COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE CREDIT AGREEMENT, THIS AGREEMENT, OR ANY OTHER CREDIT DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO
AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT SHALL AFFECT ANY RIGHT THAT ANY
PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AGAINST ANY OTHER PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 Section 14. Waiver of Venue. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LEGAL REQUIREMENT, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE
TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT, IN ANY COURT REFERRED TO IN SECTION 13 ABOVE. EACH OF THE PARTIES HERETO HEREBY AGREES THAT
SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK SHALL APPLY TO THIS AGREEMENT AND THE CREDIT AGREEMENT AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LEGAL REQUIREMENT, THE
DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

  
 -6-

 Section 15. Entire Agreement. THIS AGREEMENT, THE CREDIT AGREEMENT AS AMENDED
BY THIS AGREEMENT, THE NOTES, AND THE OTHER CREDIT DOCUMENTS CONSTITUTE THE ENTIRE UNDERSTANDING AMONG THE PARTIES HERETO WITH RESPECT TO THE SUBJECT MATTER HEREOF AND SUPERSEDE ANY PRIOR AGREEMENTS, WRITTEN OR ORAL, WITH RESPECT THERETO.

 [The remainder of this page has been left blank intentionally.] 

  
 -7-

 EXECUTED to be effective as of the date first above written. 

 

			
	 BORROWER:

	
	FORUM ENERGY TECHNOLOGIES, INC.
		
	By:	 	 /s/ James W. Harris

	Name:	 	James W. Harris
	Title:	 	Senior Vice President and Chief Financial Officer
	
	 GUARANTORS

	
	ALLIED PRODUCTION SERVICES, INC.
	ALLIED PRODUCTION SOLUTIONS GP, LLC
	CERTIFIED TECHNICAL SERVICES, L.P.
	FORUM INTERNATIONAL HOLDINGS, INC.
	FORUM US, INC.
	              (f/k/a Forum Oilfield Technologies US, Inc.)
	SUBSEA SERVICES INTERNATIONAL, INC.
	TGH (US) INC.
	TRITON GROUP HOLDINGS LLC
		
	By:	 	 /s/ James W.
Harris            

		 	James W. Harris
		 	Vice President and Secretary
	
	A.B.Z. MANUFACTURING, INC.
	GLOBAL FLOW EQUPMENT, INC.
	GLOBAL FLOW TECHNOLOGIES, INC.
	QUADRANT VALVE & ACTUATOR, L.L.C.
	Z EXPLORATIONS, INC.
	Z RESOURCES, INC.
	ZY-TECH GLOBAL INDUSTRIES, INC.
		
	By:	 	 /s/ Greg
O’Brien            

	Name:	 	Greg O’Brien
	Title:	 	Secretary
	
	WOOD FLOWLINE PRODUCTS, L.L.C.
	PHOINIX GLOBAL, LLC
		
	By:	 	 /s/ James W. Harris

	Name:	 	James W. Harris
	Title:	 	Vice President

 Signature page to Agreement and Amendment No. 1 to Credit Agreement 

(Forum Energy Technologies, Inc.) 

 
			
	ADMINISTRATIVE AGENT/LENDERS:
	
	WELLS FARGO BANK,
		 	NATIONAL ASSOCIATION
		 	 as Administrative Agent, Swing Line Lender,

		 	 Issuing Lender, and Lender

		
	By: 	 	 /s/ T. Alan Smith

	Name:	 	T. Alan Smith
	Title: 	 	Managing Director

  
 Signature page
to Agreement and Amendment No. 1 to Credit Agreement 
 (Forum Energy Technologies, Inc.) 

 
			
	JPMORGAN CHASE BANK, N.A.
	as an Issuing Lender, a Lender and a Swing Line Lender
		
	By:	 	 /s/ Thomas Okamoto

	Name:	 	Thomas Okamoto
	Title:	 	Authorized Officer

  
 Signature page
to Agreement and Amendment No. 1 to Credit Agreement 
 (Forum Energy Technologies, Inc.) 

 
			
	BANK OF AMERICA, N.A.
	as an Issuing Lender and a Lender
		
	By:	 	 /s/ David A. Batson

	Name:	 	David A. Batson
	Title:	 	Senior Vice President

  
 Signature page
to Agreement and Amendment No. 1 to Credit Agreement 
 (Forum Energy Technologies, Inc.) 

 
			
	CITIBANK, N.A.
	as a Lender
		
	By:	 	 /s/ John F. Miller

	Name:	 	John F. Miller
	Title:	 	Attorney-in-Fact

  
 Signature page
to Agreement and Amendment No. 1 to Credit Agreement 
 (Forum Energy Technologies, Inc.) 

 
			
	 DEUTSCHE BANK TRUST COMPANY
 AMERICAS, as a Lender

		
	By:	 	 /s/ Michael Getz

	Name:	 	Michael Getz
	Title:	 	Vice President
		
	By:	 	 /s/ Erin Morrissey

	Name:	 	Erin Morrissey
	Title:	 	Director

  
 Signature page
to Agreement and Amendment No. 1 to Credit Agreement 
 (Forum Energy Technologies, Inc.) 

 
			
	AMEGY BANK NATIONAL ASSOCIATION
	as a Lender and a Swing Line Lender
		
	By:	 	 /s/ Kenyatta B. Gibbs

	Name:	 	Kenyatta B. Gibbs
	Title:	 	Vice President

  
 Signature page
to Agreement and Amendment No. 1 to Credit Agreement 
 (Forum Energy Technologies, Inc.) 

 
			
	
	HSBC BANK USA, N.A.
	as a Lender
		
	By:	 	 /s/ Bruce Robinson

	Name:	 	Bruce Robinson
	Title:	 	Vice President
		
	By:	 	 /s/ Koby West

	Name:	 	Koby West
	Title:	 	Assistant Vice President

  
 Signature page
to Agreement and Amendment No. 1 to Credit Agreement 
 (Forum Energy Technologies, Inc.) 

 
			
	
	CREDIT SUISSE AG, CAYMAN
		 	ISLANDS BRANCH, as a Lender
		
	By:	 	 /s/ Mikhail Faybusovich

	Name:	 	Mikhail Faybusovich
	Title:	 	Director
		
	By:	 	 /s/ Vipul Dhadda

	Name:	 	Vipul Dhadda
	Title:	 	Associate

  
 Signature page
to Agreement and Amendment No. 1 to Credit Agreement 
 (Forum Energy Technologies, Inc.) 

 SCHEDULE II 
 Commitments, Contact Information 
  

					
	ADMINISTRATIVE AGENT/ISSUING LENDER/SWING LINE LENDER
			
	Wells Fargo Bank, National Association	  	Address:	  	1525 W WT Harris Blvd.
		  		  	Mail Code NC0680
		  		  	Charlotte, NC 28262
		  	Attn:	  	Syndication/Agency Services
		  	Telephone:	  	(704) 590 2760
		  	Facsimile:	  	(704) 590 2790
			
		  	with a copy to:	  	
		  	Address:	  	1000 Louisiana, 9th Floor
		  		  	MAC T5002-090
		  		  	Houston, Texas 77002
		  	Attn:	  	J.C. Hernandez
		  	Telephone:	  	713-319-1913
		  	Facsimile:	  	713-739-1087
	
	CREDIT PARTIES
		
	Borrower/Guarantors	  	Address for Notices:
		  	920 Memorial City Way, Suite 800
		  	Houston, TX 77040
		  	Attn:	  	James Harris
		  	Telephone:	  	713-351-7999
		  	Facsimile:	  	713-351-7997

  

					
	 Lender
	  	 	Commitment	  
	 Wells Fargo Bank, National Association
	  	$	126,666,667	  
	 JPMorgan Chase Bank, N.A.
	  	$	126,666,667	  
	 Bank of America, N.A.
	  	$	126,666,667	  
	 Citibank, N.A.
	  	$	110,000,000	  
	 Deustche Bank Trust Company Americas
	  	$	100,000,000	  
	 Amegy Bank National Association
	  	$	60,000,000	  
	 HSBC Bank USA, N.A.
	  	$	66,666,666	  
	 Credit Suisse AG, Cayman Islands Branch
	  	$	33,333,333	  
	 TOTAL:
	  	$	750,000,000	  

 Schedule II 

 EXHIBIT B 
 FORM OF COMPLIANCE CERTIFICATE 
 FOR THE PERIOD
FROM                    , 201  
TO                    , 201   
 This certificate dated as of                     ,
            is prepared pursuant to the Credit Agreement dated as of August 2, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”) among Forum Energy Technologies, Inc., a Delaware corporation (“Borrower”), the lenders party thereto from time to time (the “Lenders”), the Issuing Lenders (as defined in the Credit Agreement) and Wells Fargo
Bank, National Association, as administrative agent for such Lenders (in such capacity, the “Administrative Agent”) and as a swing line lender. Unless otherwise defined in this certificate, capitalized terms that are defined in the Credit
Agreement shall have the meanings assigned to them by the Credit Agreement. 
 The undersigned, on behalf of the Borrower,
certifies that: 
 (a) all of the representations and warranties made by any Credit Party or any officer of any Credit Party
contained in the Credit Documents shall be true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the
text thereof) as if made on this date, except that any representation and warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects (except that such materiality qualifier shall not
be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) only as of such specified date; 
 (b) attached hereto in Schedule A is a reasonably detailed spreadsheet reflecting the calculations of, as of the date and for the periods covered by this certificate, Balance Sheet Debt, Borrower’s
consolidated Total Capitalization, Funded Debt, Adjusted EBITDA, Borrower’s consolidated EBITDA, Borrower’s consolidated Interest Expense, Capital Expenditures expended by Borrower or any Restricted Subsidiary and Equity Funded Capital
Expenditures; 
 [(c) no Default or Event of Default has occurred or is continuing as of the date hereof; and] 

—or— 
 [(c) the following Default[s] or Event[s] of Default exist[s] as of the date hereof, if any, and the actions set forth below are being taken to remedy such circumstances: 

; and] 
 (d) as
of the date hereof for the periods set forth below the following statements, amounts, and calculations included herein and in Schedule A, were true and correct in all material respects: 

  
 Exhibit B
– Form of Compliance Certificate 
 Page 18 of 22 

	I.	Section 6.17 Total Capitalization Ratio.1 : 

  

			
	 (a)    All Balance Sheet Debt as of the last day of such fiscal quarter
	 	$            
		
	 (b)    Borrower’s consolidated Total Capitalization as of the last day of such fiscal
quarter
	 	$            
		
	 (c)    Capitalization Ratio = (a) divided by (b)
            
	 	
		
	          Maximum Capitalization Ratio Covenant =
	 	0.65 to 1.00
		
	          Compliance
	 	Yes            No

 [Remainder of this page intentionally left blank. 

Compliance Certificate continues on following pages.] 

 

	1	Calculated as of the last day of each fiscal quarter. 

  
 Exhibit B
– Form of Compliance Certificate 
 Page 19 of 22 

 [use this page for Compliance Certificate delivered for fiscal quarter ending
June 30, 2011] 
 II. Section 6.18 Leverage Ratio for fiscal quarter ending June 30, 2011 –

  

			
	 (a)    Funded Debt as of the last day of such fiscal quarter
	 	$            
		
	 (b)    Subject Companies’ combined (but not duplicative) consolidated EBITDA* for the period from July 1, 2010 to the Effective
Date
	 	$            
		
	 (c)    Borrower’s consolidated EBITDA* for the period from the Effective Date to September 30, 2010
	 	$            
		
	 (d)    Borrower’s consolidated EBITDA* for the three fiscal quarter period ending June 30, 2011
	 	$            
		
	 (e)    Adjusted EBITDA* = (b) + (c) + (d) =
	 	$            
		
	 Leverage Ratio = (a) to (e) =
	 	
		
	 Maximum Leverage Ratio
	 	3.75 to 1.00
		
	 Compliance
	 	Yes         No

 III. Section 6.19 Interest Coverage Ratio for fiscal quarter ending June 30, 2011 - 

 

			
	 (a)    Adjusted EBITDA (See II.(e) above) =
	 	$            
		
	 (b)    Borrower’s consolidated Interest Expense for the four fiscal quarter period then ended
=
	 	$            
		
	 Interest Coverage Ratio =
	 	
	 (a) to (b) =
	 	
		
	 Minimum Interest Coverage Ratio
	 	3.00 to 1.00
		
	 Compliance
	 	Yes         No

 [Remainder of this page intentionally left blank. 

Compliance Certificate continues on following pages.] 

 

	*	In accordance with the Credit Agreement, EBITDA shall be subject to pro forma adjustments for Acquisitions and Nonordinary Course Asset Sales assuming that such
transactions had occurred on the first day of the determination period, which adjustments shall be made in accordance with the guidelines for pro forma presentations set forth by the SEC or in a manner otherwise reasonably acceptable to the
Administrative Agent. 

  
 Exhibit B
– Form of Compliance Certificate 
 Page 20 of 22 

 [use this page for Compliance Certificate delivered for fiscal quarters ending on or after

 September 30, 2011] 
 II. Section 6.18 Leverage Ratio for fiscal quarter ending on or after September 30, 2011– 
  

			
	 (a)    Funded Debt as of the last day of such fiscal quarter
	 	$            
		
	 (b)    Borrower’s consolidated EBITDA* for the four fiscal quarter period then ended
	 	$            
		
	          Leverage Ratio = (a) to (b) =
	 	
		
	          Maximum Leverage Ratio
	 	[3.75 to 1.00][3.50 to 1.00]
		
		 	[3.25 to 1.00][3.00 to 1.00]**
		
	          Compliance
	 	Yes            No

 III. Section 6.19 Interest Coverage Ratio for fiscal quarter ending on or after September 30, 2011-
 
  

			
	 (a)    EBITDA (See II.(b) above) =
	 	$            
		
	 (b)    Borrower’s consolidated Interest Expense for the four fiscal quarter period then ended
=
	 	 $            

		
	          Interest Coverage Ratio =
	 	
	          (a) to (b) =
	 	
		
	          Minimum Interest Coverage Ratio
	 	3.00 to 1.00
		
	 Compliance
	 	Yes             No

 [Remainder of this page intentionally left blank. 

Compliance Certificate continues on following pages.] 

 

	*	In accordance with the Credit Agreement, EBITDA shall be subject to pro forma adjustments for Acquisitions and Nonordinary Course Asset Sales assuming that such
transactions had occurred on the first day of the determination period, which adjustments shall be made in accordance with the guidelines for pro forma presentations set forth by the SEC or in a manner otherwise reasonably acceptable to the
Administrative Agent. 

	**	Use (a) 3.75 to 1.00 for fiscal quarters ending on September 30, 2011 and December 31, 2011, (b) 3.50 to 1.00 for each fiscal quarter ending after
December 31, 2011 but on or prior to December 31, 2012, (c) 3.25 to 1.00 for each fiscal quarter ending after December 31, 2012 but on or prior to December 31, 2013, and (d) 3.00 to 1.00 for each fiscal quarter ending
after December 31, 2013. 

  
 Exhibit B
– Form of Compliance Certificate 
 Page 21 of 22 

 V. Section 6.20 Capital Expenditures:*** 

 

			
	 (a)    Capital Expenditures expended by the Borrower or any Restricted Subsidiary for the fiscal
year ended immediately prior to the date hereof**** =
	 	 $            

	 
		
	 (b)    Equity Funded Capital Expenditures for the fiscal year ended immediately prior to the date hereof
=
	 	 $            

		
	 (c)    Borrower’s consolidated EBITDA* for the fiscal year ended immediately prior to the date
hereof**** =
	 	 $            

		
	 (d)    50% of IV(c) =
	 	 $            

		
	 Capital Expenditure Covenant:
	 	[(a) – (b)] < (d)
		
	 Compliance
	 	 Yes    No    

 IN WITNESS THEREOF, I have hereto signed my name to this Compliance Certificate as of
                            ,             .

  

			
	FORUM ENERGY TECHNOLOGIES, INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

	***	Only calculated for the compliance certificate delivered with the year end financials. 

	****	With respect to any Restricted Subsidiary acquired during the fiscal year, calculated for the portion of such fiscal year that such Restricted Subsidiary was a
Restricted Subsidiary. 

	*	In accordance with the Credit Agreement, EBITDA shall be subject to pro forma adjustments for Acquisitions and Nonordinary Course Asset Sales assuming that such
transactions had occurred on the first day of the determination period, which adjustments shall be made in accordance with the guidelines for pro forma presentations set forth by the SEC or in a manner otherwise reasonably acceptable to the
Administrative Agent. 

  
 Exhibit B
– Form of Compliance Certificate 
 Page 22 of 22

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