Document:

Promissory Note

 Exhibit 4.1 
 PROMISSORY NOTE 
  

			
	$7,714,000	  	September 7, 2012

 FOR VALUE RECEIVED, Axesstel, Inc., a Nevada Corporation (“Axesstel”), promises to pay
to Wistron Neweb Corporation, a Taiwanese corporation (“WNC”), at the principal offices of WNC, or such other place as WNC may from time to time designate, in lawful money of the United States, the principal sum of Seven Million
Seven Hundred and Fourteen Thousand Dollars ($7,714,000), on the terms set forth in this Promissory Note (“Note”). 
 1. Principal. Principal under this Note shall be payable in monthly installments of Fifty Thousand Dollars ($50,000) per month on or before the 25th day of each calendar month until paid in full. In addition, on or
before March 31 of each year while this Note is outstanding, Axesstel will make an additional principal payment to WNC in the amount, if any, by which 50% of Axesstel’s net income for the prior fiscal year (as reported in its audited
financial statements filed with the SEC) exceeds the aggregate amount of principal payments made to WNC under this Note during the prior fiscal year. 
 For the year 2012, payments against this Note will begin in the calendar month of October 2012, and the March 31, 2013 additional principal payment to WNC will be based on an aggregate payment
calculation of $550,000 for the prior fiscal year. 
 2. Prepayment. This Note may be prepaid in whole or in part, at any
time, without penalty or premium. 
 3. Default. Axesstel will be in default under this Note if: (i) Axssetel fails
to make a payment of principal when due hereunder and fails to cure such default within ten (10) business days after receipt of written notice of such nonpayment from WNC; or (ii) Axesstel files a petition in bankruptcy, is adjudicated
insolvent, petitions or applies to any tribunal for the appointment of a receiver, custodian, or any trustee for Axesstel or commences any proceeding under any bankruptcy, reorganization, arrangement, readjustment of debt, dissolution of liquidation
law or statute of any jurisdiction or any such proceeding has been commenced against Axesstel which remains undismissed for a period of sixty (60) days. 
 4. Remedies. Upon the occurrence of a default under Section 3 above, WNC may upon written notice to Axesstel, declare the entire principal amount immediately due and payable, and exercise any
and all other remedies available to WNC at law or in equity. 
 5. General. This Note shall be governed by and construed
in accordance with the laws of the State of California without reference to conflicts of laws principals. This Note constitutes the entire agreement and understanding among the parties hereto and supersedes any and all prior agreements and
understandings, oral or written, relating to the subject matter hereof. This Note may only be amended or modified by a written 

  
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instrument signed by the parties. No waiver by WNC of any right on an occasion shall operate as a waiver on a future occasion. All rights of WNC hereunder shall inure to the benefit of its
successors and assigns; and all rights and obligations of Axesstel shall bind its successors or assigns. The provisions of this Note are solely for the benefit of WNC and Axesstel and no other person (except permitted successors and assigns) shall
have any rights as a third party beneficiary of any of the provisions hereof. 
 IN WITNESS WHEREOF, Axesstel has executed this
Note as of the date first written above. 
  

			
	AXESSTEL, INC.
		
	By:	 	 /s/ Patrick Gray

		 	       Patrick Gray
       Chief Financial Officer

  
 -2-Payment Confirmation Agreement

 Exhibit 10.1 
 PAYMENT CONFIRMATION AGREEMENT 
 This Payment Confirmation Agreement
(“Agreement”) is made and entered into as of September 7, 2012, by and between Axesstel, Inc., a Nevada corporation (“Axesstel”), and Wistron NeWeb Corporation, a Taiwanese corporation (“WNC”),
with respect to the following facts: 
 A. Axesstel has procured manufacturing services from WNC pursuant to the terms of a
Manufacturing and Supply Agreement dated April 18, 2005 (the “Supply Agreement”), and various other agreements entered into between the parties. 
 B. Axesstel has an overdue account payable to WNC under the Supply Agreement. 
 C.
Axesstel and WNC now want to acknowledge the termination of all prior agreements between them, and resolve, compromise, and settle the disputes, claims and controversies between them, all on the terms set forth in this Agreement. 

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and intending to be legally bound, the parties
agree as follows: 
 1. Axesstel Payments. In full satisfaction of all amounts owed by Axesstel to WNC, Axesstel agrees
to pay WNC the amount of $8,172,000. Of this amount, $308,000 is to be paid within three days after the execution of this Agreement, $150,000 paid by September 30, 2012 and $7,714,000 is being paid by delivery of a promissory note dated
September 7, 2012. (the “Note”). 
 2. Return of Inventory. Following delivery of the $308,000
payment, by the end of September 2012, Axesstel will provide WNC with instructions to deliver to Axesstel or its designee all raw material and finished goods inventory WNC is holding related to Axesstel purchase orders. Alternatively, Axesstel may
direct WNC to dispose of all or any portion of such inventory, and WNC shall provide written confirmation to Axesstel that the inventory has been properly disposed. WNC shall not have any right to retain or transfer any Axesstel inventory to a third
party without Axesstel’s prior written consent. 
 3. Payment in Full. The payments provided for in this Agreement
and the Note constitute payment in full of all amounts due from Axesstel to WNC. WNC, on behalf of itself and its affiliates, hereby releases and discharges Axesstel and its affiliates from any and all liabilities, claims, loss, damages, defenses,
fees and costs (including costs of suit and attorneys’ fees and expenses) of whatever nature, character, type, or description, whether known or unknown, existing or potential, matured or unmatured, liquidated or unliquidated, direct or
consequential, suspected or unsuspected, or foreseen or unforeseen, arising in any manner prior to the date of this Agreement, other than the obligations of Axesstel to WNC provided for in this Agreement and the Note. 

4. Effect on Prior Agreements; Ongoing Obligations. All prior agreements between the parties, including the Supply Agreement and
the Security Agreement dated August 12, 2009 between Axesstel and WNC, are hereby terminated, and neither party shall have any rights, obligations or responsibilities to the other arising under any agreements existing between the parties,
whether oral or written, prior to the date of this Agreement. This Agreement supersedes 

  
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and replaces the Security Agreement between the parties dated August 12, 2009. WNC expressly authorizes Axesstel to file a UCC termination statement with the Nevada Secretary of State
terminating the UCC-1 Financing Statement filed in connection with that prior agreement. Each of the parties releases all claims, rights, interests, security interests, arising under any such prior agreement, except for the rights and obligations
arising under this Agreement and the Note. 
 5. Further Assurances. Each party will take such actions and execute such
further documents or instruments as the other party may reasonably request in order to carry out the transactions contemplated by this Agreement. In the event of a catastrophic defect relating to any product that WNC manufactured for Axesstel which
is still under the warranty period, WNC agrees to cooperate with Axesstel in seeking recovery or warranty coverage from any third party component supplier to WNC that is responsible for the defect. 

6. General. This Agreement shall be governed by and construed in accordance with the laws of the State of California without
reference to conflicts of laws principals. This Agreement constitutes the entire agreement and understanding among the parties hereto and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter
hereof. This Agreement may only be amended or modified by a written instrument signed by the parties. No waiver by WNC of any right on an occasion shall operate as a waiver on a future occasion. All rights of WNC hereunder shall inure to the benefit
of its successors and assigns; and all rights and obligations of Axesstel shall bind its successors or assigns. The provisions of this Agreement are solely for the benefit of WNC and Axesstel and no other person (except permitted successors and
assigns) shall have any rights as a third party beneficiary of any of the provisions hereof. 
 7. Counterparts. This
Agreement may be executed in one or more counterparts and may be executed by facsimile transmission or by electronic mail in portable document format or other means intended to preserve the original graphic content of a signature. Any such
counterpart shall be deemed an original and all of which, taken together, shall constitute one and the same instrument. 
 IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above. 
  

			
	AXESSTEL, INC.
		
	By:	 	 /s/ Patrick Gray

		 	 Patrick Gray
 Chief
Financial Officer

	
	WISTRON NEWEB CORPORATION
		
	By:	 	 /s/ Haydn Hsieh

	Name:	 	Haydn Hsieh
	 Title:
	 	CEO

  
 -2-Amendment No. 13 dated as of September 7, 2012

 Exhibit 10.1 
 September 7, 2012 
 JPMorgan Chase Bank, N.A. 

2200 Ross Avenue, Third Floor 
 Dallas, Texas
75201 
 Attention: Kimberly A. Bourgeois 
  

	 	Re:	Thirteenth Amendment to Credit Agreement dated as of January 18, 2008 among Approach Resources Inc. (“Borrower”), JPMorgan Chase Bank, N.A. and the
institutions named therein (“Lenders”) and JPMorgan Chase Bank, N.A., as Agent (“Agent”) 

 Ladies and
Gentlemen: 
 Reference is hereby made to that certain Credit Agreement dated as of January 18, 2008 among Approach
Resources Inc., a Delaware corporation (“Borrower”), JPMorgan Chase Bank, N.A., as Agent (“Agent”), and the Lenders that are signatory parties hereto (the “Lenders”), as amended by amendments dated February 19,
2008, May 6, 2008, August 26, 2008, April 8, 2009, July 8, 2009, October 30, 2009, February 1, 2010, May 3, 2010, October 21, 2010, May 4,
2011, October 7, 2011, December 20, 2011 and as of the date hereof (as amended, the “Loan Agreement”). All capitalized terms herein shall have the meanings ascribed to them in the Loan Agreement. 

Pursuant to this Thirteenth Amendment (the “Amendment”), Agent, Lenders and Borrower agree, effective as of the date hereof, to
amend the Loan Agreement according to the terms and provisions set forth below. 
 1. The definition of Pre-Approved Contracts
in Section 1 of the Loan Agreement is hereby deleted in its entirety and the following is substituted therefor: 
 “Pre-Approved Contracts means any contracts or agreements entered into in connection with any Rate Management Transaction which are designed to hedge, provide a price floor for, or swap crude
oil or natural gas or otherwise sell up to (i) 100% of Borrower’s and Guarantors’ Projected Production for the period from the commencement date of such Rate Management Transaction until the last day of the thirty-sixth (36th) month following the commencement date of such Rate Management
Transaction, (ii) 85% of Borrower’s and Guarantors’ Projected Production for the period from the last day of the thirty-sixth (36th) month of such Rate Management Transaction until the last day of the sixtieth (60th) month following the commencement date of such Rate Management
Transaction, or (iii) in the case of Rate Management Transactions resulting in a floor price per barrel or mcf, not more than 100% of Borrower’s and Guarantors’ Projected Production (in each case with oil and gas calculated
separately), and for Rate Management Transactions with Termination Dates of no more than sixty (60) months.” 

 2. Conditions Precedent. The effectiveness of this Amendment is subject to the
satisfaction of the following conditions precedent, unless specifically waived in writing by Lenders: 
 (a)
The Amendment. Borrower, each Guarantor and the Required Lenders shall have duly and validly executed and delivered this Amendment to Agent. 
 (b) Representations and Warranties. The representations and warranties contained in the Loan Agreement and in the other Loan Documents shall be true and correct in all material respects as of the
date hereof, as if made on the date hereof. 
 (c) No Default. No Default or Event of Default shall have
occurred and be continuing. 
 (d) Corporate/Partnership Proceedings. All corporate and/or partnership
proceedings, taken in connection with the transactions contemplated by this Amendment and all documents, instruments and other legal matters incident thereto shall be satisfactory to Agent, and its legal counsel. 

3 Ratification by Guarantors. Each Guarantor hereby ratifies and reaffirms all of its obligations under its Guaranty Agreement
(the “Guaranty”) of Borrower’s obligations under the Loan Agreement, as amended hereby. Each Guarantor also hereby agrees that nothing in this Amendment shall adversely affect any right or remedy of Lenders under the Guaranty and that
the execution and delivery of this Amendment shall in no way change or modify its obligations as guarantor under the Guaranty. Although each Guarantor has been informed by Borrower of the matters set forth in this Amendment and such Guarantor has
acknowledged and agreed to the same, such Guarantor understands that Agent has no duty to notify such Guarantor or to seek such Guarantor’s acknowledgment or agreement, and nothing contained herein shall create such a duty as to any transaction
hereafter. 
 4. Representations and Warranties. By executing this Amendment, Borrower hereby represents, warrants
and certifies to Lenders that, as of the date hereof, (a) there exists no Event of Default or events which, with notice or lapse of time, would constitute an Event of Default; (b) Borrower has performed and complied with all agreements and
conditions contained in the Loan Agreement or the other Loan Documents which are required to be performed or complied with by Borrower; and (c) the representations and warranties contained in the Loan Agreement and the other Loan Documents are
true in all material respects, with the same force and effect as though made on and as of the date hereof (except to the extent that such representations and warranties related solely to an earlier date). 

5. Confirmation and Ratification. Except as affected by the provisions set forth herein, the Loan Agreement shall remain in full
force and effect and is hereby ratified and confirmed by all parties. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of Lenders under the
Loan Agreement or the other Loan Documents. 

  
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 6. Reference to Loan Agreement. Each of the Loan Agreement and the Loan Documents,
and any and all other agreements, documents or instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the Loan Agreement, as amended hereby, are hereby amended so that any reference in the Loan
Agreement, the Loan Documents and such other documents to the Loan Agreement shall mean a reference to the Loan Agreement as amended hereby. 
 7. Multiple Counterparts. This Amendment may be executed in a number of identical separate counterparts, each of which for all purposes is to be deemed an original, but all of which shall
constitute, collectively, one agreement. No party to this Amendment shall be bound hereby until a counterpart of this Amendment has been executed by all parties hereto. Delivery of an executed counterpart of a signature page of this
Amendment by telecopy shall be effective as delivery of a manually executed counterpart of this Amendment. 
 8. Governing
Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS. 
 9. Final
Agreement. THE LOAN AGREEMENT, AS AMENDED BY THIS AMENDMENT, AND ALL PROMISSORY NOTES AND OTHER LOAN DOCUMENTS EXECUTED PURSUANT THERETO OR HERETO, REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN OR AMONG ANY OF THE PARTIES. 
 Please signify your acceptance to the foregoing terms and provisions by executing a copy of this Amendment at the space provided below. 

[Signature Pages to Follow] 

  
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	Very truly yours,
	
	BORROWER:
	
	APPROACH RESOURCES INC.,a Delaware corporation
		
	By:	 	 /s/ J. Ross Craft

		 	J. Ross Craft, President and Chief Executive Officer
	
	GUARANTORS:
	
	APPROACH OIL & GAS INC.,a Delaware corporation
		
	By:	 	 /s/ J. Ross Craft

		 	J. Ross Craft, President and Chief Executive Officer
	
	APPROACH RESOURCES I, LP,a Texas limited partnership
		
	By:	 	Approach Operating, LLC,
		 	 a Delaware limited liability company,
 its general partner

		
	By:	 	 Approach Resources Inc.,
 a Delaware corporation,
 its sole member

		
	By:	 	 /s/ J. Ross Craft

		 	J. Ross Craft, President and Chief Executive Officer

  

  
 [Signature
Page] 

 ACCEPTED AND AGREED TO 
 effective as of the date and year 
 first above written: 

AGENT: 
  

			
	 JPMORGAN CHASE BANK, N.A.

		
	By:	 	/s/ David Morris
		 	  

		 	David Morris, Authorized Person

 LENDERS: 
  

			
	 JPMORGAN CHASE BANK, N.A.

		
	By:	 	/s/ David Morris
		 	  

		 	David Morris, Authorized Person

  
 [Signature
Page] 

			
	KEYBANK NATIONAL ASSOCIATION,
Lender and Documentation Agent
		
	By:	 	 /s/ Paul J. Pace

	Name:	 	Paul J. Pace
	Title:	 	Senior Vice President

  
 [Signature
Page] 

			
	THE FROST NATIONAL BANK
		
	By:	 	 /s/ Alex G. Zemkoski

		 	Alex G. Zemkoski, Vice President

  
 [Signature
Page] 

			
	ROYAL BANK OF CANADA
		
	By:	 	/s/ Don J. McKinnerney
		 	  

	Name:	 	Don J. McKinnerney
	Title:	 	Authorized Signatory

  
 [Signature
Page]

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