Document:

Second Amendment to Credit and Security Agreement and Waiver of Defaults

 Exhibit 10.1 
 SECOND AMENDMENT TO CREDIT AND SECURITY AGREEMENT 
 AND 
 WAIVER OF DEFAULTS 
 THIS SECOND AMENDMENT TO CREDIT AND SECURITY AGREEMENT AND WAIVER OF DEFAULTS (the “Second Amendment”) dated November 13, 2009 is entered into by and among PINNACLE DATA SYSTEMS,
INC., an Ohio corporation, (“Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), acting through its Wells Fargo Business Credit operating division. 
 RECITALS 
 Company and Wells Fargo
are parties to a Credit and Security Agreement dated April 3, 2009, as amended (“Credit Agreement”). Capitalized terms used in these recitals have the meanings given to them in the Credit Agreement unless otherwise specified.

 The Company has requested that certain amendments be made to the Credit Agreement, which Wells Fargo is willing to make pursuant to the terms
and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements
herein contained, it is agreed as follows: 
  

	1.	Section 5.2(a) and Section 5.2(b) are hereby amended to read as follows: 

 (a) Minimum Book Net Worth. Based upon Company’s submitted projections, Company shall maintain, at the end of each fiscal quarter
described below, its non-cumulative Book Net Worth, determined as of the end of each fiscal quarter in an amount not less than the amount set forth below (numbers appearing between “< >“ are negative): 
  

			
	 	 
	 Fiscal Quarter Ending
  
	 	 Minimum Book Net Worth
  

	 	 
	December 31, 2009	 	$4,900,000.00
	 	 
	March 31, 2010	 	$5,100,000.00
	 	 
	June 30, 2010	 	$5,500,000.00
	 	 
	September 30, 2010	 	$6,000,000.00
	 	 
	December 31, 2010	 	$6,700,000.00

 (b) Minimum Net Income. Based upon 75% of the Company’s submitted projected Net
Income (or 100% of the Company’s projected net loss), Company shall achieve for each fiscal quarter described below, non-cumulative Net Income of not less than the amount set forth for each such fiscal quarter (numbers appearing between
“< >“ are negative): 
  

			
	 	 
	 Fiscal Quarter
Ending
  
	 	 Minimum Net
Income
  

	 	 
	December 31, 2009	 	<$1,086,000.00>
	 	 
	March 31, 2010	 	$215,000.00
	 	 
	June 30, 2010	 	$268,000.00
	 	 
	September 30, 2010	 	$330,000.00
	 	 
	December 31, 2020	 	$446,000.00

  

	2.	Borrowing Base Reserve. The definition of “Borrowing Base Reserve” is hereby amended to read as follows: 

 “Borrowing Base Reserve” means, as of any date of determination, an amount or a percent of a specified category or item that Wells Fargo
establishes in its sole discretion from time to time to reduce availability under the Borrowing Base (a) to reflect events, conditions, contingencies or risks which affect the assets, business or prospects of Company, or the Collateral or its
value, or the enforceability, perfection or priority of Wells Fargo’s Security Interest in the Collateral, as the term “Collateral” is defined in this Agreement, or (b) to reflect Wells Fargo’s judgment that any collateral
report or financial information relating to Company and furnished to Wells Fargo may be incomplete, inaccurate or misleading in any material respect, and (c) a further reduction and block of availability under the Borrowing Base of $250,000.00
until such time as Company complies with each of the financial covenants set forth in this Agreement more particularly set forth in Article 5, as amended by the Second Amendment, for both of the fiscal quarters ending December 31, 2009 and
March 31, 2010. 
  

 2 

 3. No Other Changes. Except as explicitly amended by this Second Amendment, all of the terms and
conditions of the Credit Agreement shall remain in full force and effect and shall apply to any advance thereunder. 
 4. Waiver of
Defaults. The Company is in default of the following provisions of the Credit Agreement (collectively, the “Existing Defaults”): 
  

					
	Section/Covenant	  	Required Performance	  	Actual Performance
	 5.2(a)
Minimum Book Net
 Worth (3Q09) (Sept., 2009)
	  	$8,000,000	  	$6,000,000
	 5.2(b)
Minimum Net Income
 (3Q09) (Sept., 2009)
	  	$0	  	<$2,089,000>

 Upon the terms and subject to the conditions set forth in this Second Amendment, Wells Fargo hereby
waives the Existing Defaults. This waiver shall be effective only in this specific instance and for the specific purpose for which it is given, and this waiver shall not entitle the Company to any other or further waiver in any similar or other
circumstances. 
 5. Amendment Fee. The Company shall pay Wells Fargo as of the date hereof a fully earned, non-refundable fee in the
amount of Fifteen Thousand ($15,000.00) Dollars in consideration of Wells Fargo’s execution and delivery of this Second Amendment. 
 6.
Conditions Precedent. This Second Amendment and the waiver set forth in Paragraph 3 hereof shall be effective when Wells Fargo shall have received an executed original hereof, together with each of the following, each in substance and form
acceptable to Wells Fargo in its sole discretion: 
 (a) A Certificate of the Chief Financial Officer of the Company certifying
as to (i) the resolutions of the board of directors of the Company approving the execution and delivery of this Second Amendment, (ii) the fact that the articles of incorporation and bylaws of the Company, which were certified and
delivered to Wells Fargo pursuant to the Certificate of Authority of the Company’s secretary dated April 3, 2009 (“Certificate of Authority”) continue in full force and effect and have not been amended or otherwise modified
except as set forth in the Certificate to be delivered, and (iii) certifying that the officers and agents of the Company who have been certified to Wells Fargo, pursuant to the Certificate of Authority as being authorized to sign and to act on
behalf of the Company continue to be so authorized or setting forth the sample signatures of each of the officers and agents of the Company authorized to execute and deliver this Second Amendment and all other documents, agreements and certificates
on behalf of the Company. 
 (b) Payment of the fee described in Paragraph 4 hereof. 
 (c) Such other matters as Wells Fargo may require. 
 7. Representations and Warranties. The Company hereby represents and warrants to Wells Fargo as follows: 
  

 3 

 (a) The Company has all requisite power and authority to execute this Second Amendment and
any other agreements or instruments required hereunder and to perform all of its obligations hereunder, and this Second Amendment and all such other agreements and instruments has been duly executed and delivered by the Company and constitute the
legal, valid and binding obligation of the Company, enforceable in accordance with its terms. 
 (b) The execution, delivery and
performance by the Company of this Second Amendment and any other agreements or instruments required hereunder have been duly authorized by all necessary corporate action and do not (i) require any authorization, consent or approval by any
governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, (ii) violate any provision of any law, rule or regulation or of any order, writ, injunction or decree presently in effect, having applicability
to the Company, or the articles of incorporation or by-laws of the Company, or (iii) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other agreement, lease or instrument to which the Company
is a party or by which it or its properties may be bound or affected. 
 (c) All of the representations, warranties and
covenants contained in Article 4 and Article 5 of the Credit Agreement are correct on and as of the date hereof as though made on and as of such date, except to the extent that such representations and warranties relate solely to an earlier date.

 8. References. All references in the Credit Agreement to “this Agreement” shall be deemed to refer to the Credit Agreement
as amended hereby; and any and all references in the Security Documents to the Credit Agreement shall be deemed to refer to the Credit Agreement as amended hereby. 
 9. No Other Waiver. Except as otherwise provided in Paragraph 3 hereof, the execution of this Second Amendment and the acceptance of all other agreements and instruments related hereto shall not be
deemed to be a waiver of any Default or Event of Default under the Credit Agreement or a waiver of any breach, default or event of default under any Security Document or other document held by Wells Fargo, whether or not known to Wells Fargo and
whether or not existing on the date of this Second Amendment. 
 10. Release. The Company hereby absolutely and unconditionally releases
and forever discharges Wells Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors,
officers, agents and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or
otherwise, which the Company has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Second
Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. 
  

 4 

 11. Costs and Expenses. The Company hereby reaffirms its agreement under the Credit Agreement to pay
or reimburse Wells Fargo on demand for all costs and expenses incurred by Wells Fargo in connection with the Loan Documents, including without limitation all reasonable fees and disbursements of legal counsel. Without limiting the generality of the
foregoing, the Company specifically agrees to pay all fees and disbursements of counsel to Wells Fargo for the services performed by such counsel in connection with the preparation of this Second Amendment and the documents and instruments
incidental hereto. The Company hereby agrees that Wells Fargo may, at any time or from time to time in its sole discretion and without further authorization by the Company, make a loan to the Company under the Credit Agreement, or apply the proceeds
of any loan, for the purpose of paying any such fees, disbursements, costs and expenses and the fee required under Paragraph 4 of this Second Amendment. 
 12. Miscellaneous. This Second Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original and all of which counterparts, taken
together, shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, the parties hereto have caused this Second
Amendment to be duly executed as of the date first above written. 
  

									
	Attest/Witness:	 		 	PINNACLE DATA SYSTEMS, INC.
					
		 		 		 	By:	 	 
	 	 		 	Print Name: NICHOLAS J. TOMASHOT
		 		 		 	Its:                Chief Financial Officer
			
		 		 	 WELLS FARGO BANK,
 NATIONAL ASSOCIATION

					
		 		 		 	By:	 	 
		 		 		 	Print Name: SABATO MUTONE
		 		 		 	Its:	 	              Vice President

  

 5 

 SUPPLEMENTAL CERTIFICATE 
 I, NICHOLAS J. TOMASHOT, Chief Financial Officer of the Company (as defined in the Credit and Security Agreement dated April 3,
2009, as amended), hereby certify that the Certificate of Authority of the Company dated April 3, 2009 remains in full force and effect and the resolutions of the board of directors then delivered have not been amended or otherwise modified,
and that the foregoing resolutions apply to and authorize the execution and delivery of the annexed Second Amendment to Credit and Security Agreement and Waiver of Defaults. I further certify that I remain authorized to sign and to act on behalf of
the Company pursuant to the resolutions of the Board of Directors delivered on April 3, 2009, which remain in full force and effect as of the date hereof. 
 IN WITNESS WHEREOF, I have hereunto subscribed by name this              day of November, 2009. 
  

	
	
	  
	NICHOLAS J. TOMASHOT

  

	
	Attest by One Other Officer:
	
	  
	Print Name:
	Title:

  

 6Fourth Amendment and Waiver to Loan Agreement

 Exhibit 10.1 
 OMNI ENERGY SERVICES CORP. 
 FOURTH AMENDMENT AND WAIVER TO LOAN AGREEMENT 
 This Fourth Amendment and Waiver to Loan Agreement (this “Amendment”) is entered into as of November 13, 2009, by
and among OMNI ENERGY SERVICES CORP., a Louisiana corporation (“OMNI”), each Subsidiary Borrower of OMNI party hereto (collectively, the “Subsidiary
Borrowers”, and OMNI and the Subsidiary Borrowers are collectively referred to as “Borrowers” and are each a “Borrower”), the other Credit Parties signatory hereto, the Requisite Lenders signatory hereto,
and Fifth Third Bank, an Ohio banking corporation, as Agent (the “Agent). 
 PRELIMINARY
STATEMENTS 
 A. The Borrowers, the other Credit Parties party thereto, the Lenders party thereto and Fifth
Third Bank, an Ohio banking corporation, as Agent are party to a certain Amended and Restated Loan and Security Agreement, dated as of April 23, 2008 (as previously amended, and as may be further amended, modified or supplemented from time
to time, the “Loan Agreement”). All capitalized terms used herein without definition shall have the same meanings herein as such terms have in the Loan Agreement. 
 B. The Borrowers have informed the Lenders that the Borrowers have not satisfied the Fixed Charge Coverage Ratio (Section 14(b) of the
Loan Agreement) as of the Borrowers’ fiscal quarter ending September 30, 2009. The Required Lenders have agreed to waive the resulting defaults under the terms and conditions set forth in this Amendment. 
 C. The Borrowers have also requested that the Agent and the Lenders amend certain sections of the Loan Agreement, and the Agent and the
Requisite Lenders have agreed to do so under the terms and conditions set forth in this Amendment. 
 NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1. WAIVER. 
 The Borrowers have
not achieved, as required under Section 14(b) of the Loan Agreement, a Fixed Charge Coverage Ratio for the twelve month period ended September 30, 2009, of not less than 1.25 to 1.00 (the “Violation”). Upon satisfaction of
the conditions precedent set forth in Section 3 hereof, the Requisite Lenders and the Agent hereby waive the Violation and each and every Event of Default arising solely from the Violation. The Credit Parties acknowledge that the waivers under
this Section 1 are specifically limited to the Violation and each and every Event of Default arising solely from the Violation. 

 SECTION 2. AMENDMENTS TO LOAN
AGREEMENT 
 Upon satisfaction of the conditions precedent set forth in Section 3 hereof,
the Loan Agreement shall be and hereby is amended as follows: 
 Section 2.1. Amended Definitions. The
definitions of “Applicable Margin”, “Base Rate”, “Revolving Commitment” and “Maximum Loan Limit” set forth in Section 1 of the Loan Agreement are hereby amended and restated in
their entirety to read as follows: 
 “Applicable Margin” shall mean (i) with respect to Term A Loans,
4.50%, (ii) with respect to the commitment fee, .40%, (iii) with respect to Revolving Loans, 4.00%, and (v) with respect to Letters of Credit, 4.00%. 
 “Base Rate” means (a) for any day that the Monthly Rate is available, the Monthly Rate applicable
on such date and (b) for any day that the Monthly Rate is not available, the greatest of: (i) the rate of interest announced by the Agent from time to time as its “prime rate” as in effect on such day, with any change in the Base
Rate resulting from a change in said prime rate to be effective as of the date of the relevant change in said prime rate (it being acknowledged that such rate may not be the Agent’s best or lowest rate), (ii) the sum of (x) the
Federal Funds Rate, plus (y)  1/2 of 1%
and (iii) 1.00%. 
 “Revolving Loan Commitment” shall mean, with respect to any Lender, the maximum
amount of Revolving Loans which such Lender has agreed to make to Borrowers, subject to the terms and conditions of this Agreement, which amount for each Lender as of the Fourth Amendment Effective Date is set forth on each Lender’s signature
page to the Fourth Amendment or in any Assignment and Acceptance Agreement executed by a Lender on or after the Fourth Amendment Effective Date. 
 “Maximum Loan Limit” shall mean Fifty Six Million and No/100 Dollars ($56,000,000). 
 Section 2.2. Eligible Accounts. Clause (iv) of the definition of “Eligible Account” in Section 1 of the Credit Agreement is hereby amended and restated in its
entirety to read as follows: 
 (iv) it is evidenced by an invoice rendered to the Account Debtor thereunder, is
due and payable within ninety (90) days after the date of the invoice and does not remain unpaid sixty (60) days past the invoice date thereof; provided, however, that (A) if more than twenty-five percent (25%) of the
aggregate dollar amount of invoices owing by a particular

  

 - 2 - 

 
Account Debtor remain unpaid ninety (90) days after the respective invoice dates thereof, then all Accounts owing by that Account Debtor shall be deemed ineligible and (B) if
(x) an Account would otherwise constitute an Eligible Account but for the fact that an invoice has not been issued for the Account, (y) with respect to all such Accounts, the aggregate balance of such Accounts does not exceed $5,000,000
and (z) such Account has not been outstanding more than ten (10) days with respect to an Account generated by OMNI or more than thirty-five (35) days with respect to an Account generated by any other Borrower, then all such Accounts
satisfying the conditions of this clause (B) shall be not ineligible under this paragraph solely because an invoice has not been issued on such Account; 
 Section 2.3. Additional Definitions. Section 1 of the Loan Agreement is hereby amended to insert therein the following new definitions of “Fourth Amendment”,
“Fourth Amendment Effective Date” and “Monthly Rate” in proper alphabetical order: 
 “Fourth Amendment” shall mean the Fourth Amendment and Waiver to Loan Agreement dated as of November 13, 2009 among the Borrower, each Subsidiary Borrower party thereto, each Lender signatory thereto and Fifth Third
Bank, an Ohio banking corporation, as the Administrative Agent. 
 “Fourth Amendment Effective Date” shall mean
November 13, 2009. 
 “Monthly Rate” shall mean 1.00% until December 1, 2009, at which time the
Monthly Rate shall be adjusted pursuant to the following sentence. The Monthly Rate shall be adjusted on the first Business Day of each calendar month to be the greater of (i) the LIBOR Rate that would be applicable to a LIBOR Rate Loan with a
1 month Interest Period advanced on such day and (ii) 1.00% and shall be fixed at such rate until the first Business Day of the following calendar month at which time the Monthly Rate will again be adjusted. 
 Section 2.4. Maximum Revolving Loan Limit. Section 2(a) of the Loan Agreement is hereby amended to replace the reference to
“Twenty-Five Million and No/100 Dollars ($25,000,000)” therein with the following: 
 Twenty Million and No/100
Dollars ($20,000,000) 
  

 - 3 - 

 Section 2.5. Letter of Credit Sublimit. Section 3(a) of the Loan Agreement
is hereby amended to replace the reference to “Three Million and No/100 Dollars ($3,000,000)” therein with the following: 
 Five Million and No/100 Dollars ($5,000,000); provided further that from and after the Fourth Amendment Effective Date, the Borrower agrees that is shall not request that a Letter of Credit be
issued for, and the Agent will not issue a Letter of Credit for, the benefit of any Subordinated Lenders (except that the foregoing shall not prohibit or prevent any modification, continuation or extension of any Letter of Credit issued for the
benefit of any Subordinated Lenders which was outstanding immediately prior to the Fourth Amendment Effective Date). 
 Section 2.6. Amended Financial Covenants. Section 14 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 
 SECTION 14. FINANCIAL COVENANTS. 
 Each Borrower shall maintain and keep in full force and effect each of the financial covenants set forth below: 
 (a) Leverage Ratio. Borrower shall not permit the Leverage Ratio to exceed (i) 3.00 to 1.00 as of December 31, 2009, March 31, 2010, June 30, 2010 and
September 30, 2010 and (ii) 2.50 to 1.00 for each twelve month period ending on March 31st, June 30th, September 30th or December 31st thereafter. 
 (b) Fixed Charge Coverage. Borrowers shall not permit the Fixed Charge Coverage Ratio calculated for the twelve
(12) month period ending on March 31st, June 30th, September 30th or December 31st of each Fiscal Year to be less than (i) 0.90 to 1.00 for the twelve month period ending on December 31, 2009,
(ii) 1.00 to 1.00 for the twelve month period ending on March 31, 2010, (iii) 0.90 to 1.00 for the twelve month period ending on June 30, 2010, (iv) 1.00 to 1.00 for each of the twelve month periods ending on
September 30, 2010 and December 31, 2010 and (v) 1.10 to 1.00 for each twelve month period ending on March 31st, June 30th, September 30th or December 31st thereafter. 
 (c) Capital Expenditure Limitations. Borrower and their Subsidiaries shall not make any Capital Expenditures, other
than Capital Expenditures made in connection with a Permitted Acquisition or the Target Acquisition, if, after giving effect to such Capital Expenditures, the aggregate cost of all Capital Expenditures would exceed (i) Seven Million Five
Hundred Thousand Dollars ($7,500,000) during the Fiscal Years ending on or about December 31, 2009 and December 31, 2010 and (ii) Ten Million Dollars ($10,00,000) during any Fiscal Year thereafter. 
  

 - 4 - 

 Section 2.7. Compliance Certificate. Exhibit B to the Loan Agreement is amended
to replace the reference to “2.50:1.00” in Line A13 therein and to “1.25:1.00” in Line B14 therein with a reference to the following:     :1.00. 
 SECTION 3. CONDITIONS PRECEDENT. 
 This Amendment shall become effective upon the satisfaction of the following conditions precedent: 
 Section 3.1. The Agent and OMNI shall have received a fully executed copy of this Amendment executed by the Borrowers, the other
Credit Parties, the Agent and the Requisite Lenders. 
 Section 3.2. The Borrowers shall have paid the Agent for the
ratable benefit of each Lender executing this Amendment prior to or on the Fourth Amendment Effective Date an amendment fee in the amount equal to .25% of each executing Lender’s aggregate outstanding Loans and unfunded Revolving Commitment
measured after giving effect to the terms of this Amendment. 
 Section 3.3. The Borrowers shall have paid to the
Agent those fees due and payable to Agent as of the Fourth Amendment Effective Date. 
 Section 3.4. On the Fourth
Amendment Effective Date, the Borrower shall make a payment on the Revolving Loans in the amount necessary, if any, to cause the outstanding principle balance of the Revolving Loans after giving effect to such payment to be $20,000,000 or less.

 Section 3.5. All proceedings taken in connection with the transactions contemplated by this Amendment and all
documents, instruments and other legal matters incident thereto shall be reasonably satisfactory to the Agent and its counsel. Borrower shall be deemed to have satisfied this condition in the event Agent executes this Amendment. 
 SECTION 4. SUBORDINATION AGREEMENTS. 
 On or before 60 days after the Fourth Amendment Effective Date, the Borrowers shall deliver to the Agent executed affirmations and
ratifications to the Existing Subordination Agreements confirming that the Subordinated Loans are subordinate to the Liabilities and are otherwise in form and substance satisfactory to the Agent (each such document, an
“Affirmation”) from the Required Subordinated Lenders, as that term is defined below; provided that, for each $1,000,000.00 increment of the principal amount of Subordinated Loans outstanding 60 days after the Fourth
Amendment Effective Date for which the Borrower has not

  

 - 5 - 

 
provided an Affirmation, the Borrower shall pay to the Agent for the benefit of the Lenders according to their Pro Rata Shares, a fee equal to $30,000. “Required Subordinated
Lenders” shall mean each of Cypress Consulting Services, Inc. dba Cypress Energy Services, a Texas corporation, Brian J. Recatto, Lawrence J. Shaw, III, Matthew E. Miller, Bailey Operating, Inc., Dan Kean, Mike Schooler and
Kurt Chew. 
 SECTION 5. REPRESENTATIONS AND WARRANTIES. 
 The Credit Parties represent and warrant that (i) each of the representations and warranties set forth in Section 11 of the Loan
Agreement is true and correct on and as of the date of this Amendment after giving effect to this Amendment as if made on and as of the date hereof and as if each reference therein to the Loan Agreement referred to the Loan Agreement as amended
hereby; (ii) as of the date hereof and after giving effect hereto, no Event of Default exists and no event exists that, with the passage of time or the giving of notice, will become an Event of Default; (iii) OMNI has satisfied all its
obligations with respect to the Preheat Seller Notes and the note in the original principal amount of $800,000 made on February 9, 2006 in favor of Jeff W. Elmore, or, alternatively has offsetting claims that exceed any obligations owed;
and (iv) without limiting the effect of the foregoing, the Credit Parties execution, delivery and performance of this Amendment has been duly authorized, and this Amendment has been executed and delivered by duly authorized officers of each
Credit Party. 
 SECTION 6. COLLATERAL. 
 The Borrowers and the other Credit Parties have heretofore executed and delivered to the Agent the Other Agreements and the Borrowers and
other Credit Parties hereby agree that notwithstanding the execution and delivery of this Amendment, (i) except as specifically amended herein, the Other Agreements shall remain in full force and effect (ii) the Loan Agreement and the
Other Agreements shall secure the Liabilities, and (iii) the rights and remedies of the Lenders under the Loan Agreement and the Other Agreements, the obligations of the Credit Parties thereunder, and any liens or security interests created or
provided for thereunder shall be and remain in full force and effect and shall not be affected, impaired or discharged hereby. Nothing herein contained shall in any manner affect or impair the priority of the liens and security interests created and
provided for by the Loan Agreement and the Other Agreements as to the indebtedness which would be secured thereby prior to giving effect to this Amendment. 
 SECTION 7. MISCELLANEOUS. 
 (a) The Borrowers agree that no new LIBOR Rate Loans may be made or created under the Credit Agreement on and after the Fourth Amendment Effective Date and that any LIBOR Rate Loans outstanding on such date shall be converted into Base Rate
Loans at the expiration of the then-current Interest Period for such Loans. For avoidance of doubt, the foregoing shall not prohibit or prevent Loans from bearing interest at the Monthly Rate in accordance with the terms of the Loan Agreement.

  

 - 6 - 

 (b) Except as specifically amended or waived herein, the Loan Agreement shall continue in
full force and effect in accordance with its original terms. Reference to this specific Amendment need not be made in the Loan Agreement or any Other Agreement, or in any certificate, letter or communication issued or made pursuant to or with
respect to the Loan Agreement or any Other Agreement, any reference in any of such items to the Loan Agreement being sufficient to refer to the Loan Agreement, as amended hereby. 
 (c) The Borrowers agree to pay on demand all costs and expenses of or incurred by the Agent in connection with the negotiation, preparation,
execution and delivery of this Amendment, including the reasonable fees and expenses of counsel for the Agent. 
 (d) This
Amendment may be executed in any number of counterparts and by different parties hereto on separate counterpart signature pages, each of which when so executed shall be an original but all of which shall constitute one and the same instrument. This
Amendment shall constitute and be an Other Agreement under the Loan Agreement. This Amendment shall be governed by the internal laws of the State of Illinois. 
 [SIGNATURE PAGES TO FOLLOW] 
  

 - 7 - 

 IN WITNESS WHEREOF, the parties hereto have
caused their duly authorized officers to execute and deliver this Fourth Amendment and Waiver to Loan Agreement as of the date first set forth above. 
  

					
	“BORROWERS”
	
	OMNI ENERGY SERVICES CORP.
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

	
	CHARLES HOLSTON, INC.
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

	
	TRUSSCO, INC.
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

	
	OMNI ENERGY SEISMIC SERVICES, L.L.C.
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

	
	PREHEAT, INC.
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

 [Signature Page to Fourth Amendment and Waiver to Loan Agreement]

					
	RIG TOOLS, INC.
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

	
	OMNI LABOR CORPORATION
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

	
	OMNI ENERGY TRANSPORTATION CORP.
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

	
	B.E.G. LIQUID MUD SERVICES CORP.
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

	
	 INDUSTRIAL LIFT TRUCK & EQUIPMENT
CO., INC.

		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

 [Signature Page to Fourth Amendment and Waiver to Loan Agreement]

 The following Persons are signatories to this Fourth Amendment and Waiver to Loan Agreement
and Waiver in their capacity as a Credit Party and not as a Borrower. 
  

					
	“CREDIT PARTIES”
	
	OMNI ENERGY SERVICES CORP. — MEXICO
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

	
	TRUSSCO PROPERTIES, L.L.C.
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

	
	OMNI AVIATION CORP.
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

	
	AMERICAN HELICOPTERS INC.
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

 [Signature Page to Fourth Amendment and Waiver to Loan Agreement]

					
	BMJ INDUSTRIAL INVESTMENTS, LLC
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

	
	OMNI PROPERTIES CORP.
		
	By:	 	 /s/ Ronald Mogel

		 	Name:	 	Ronald Mogel
		 	Title:	 	 Senior Vice President and
 Chief Financial Officer

 [Signature Page to Fourth Amendment and Waiver to Loan Agreement]

					
	“REQUISITE LENDERS”
	
	 FIFTH THIRD BANK, an Ohio banking corporation, as Agent and a Lender

		
	By:	 	 /s/ Jim Esinduy

		 	Name:	 	Jim Esinduy
		 	Title:	 	AVP
	
	Revolving Credit Commitment:    $16,000,000.00

 [Signature Page to Fourth Amendment and Waiver to Loan Agreement]

					
	FIRST GUARANTY BANK, as a Lender
		
	By:	 	 /s/ Alton B. Lewis

		 	Name:	 	Alton B. Lewis
		 	Title:	 	C.E.O.
	
	Revolving Credit Commitment:    $0.00

 [Signature Page to Fourth Amendment and Waiver to Loan Agreement]

					
	COLE TAYLOR BANK, as a Lender
		
	By:	 	 /s/ Richard A. Simons

		 	Name:	 	Richard A. Simons
		 	Title:	 	Group Senior Vice President
	
	Revolving Credit Commitment:    $4,000,000.00

 [Signature Page to Fourth Amendment and Waiver to Loan Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}]]