Document:

Credit Agreement

 Exhibit 4.6 
  
  
  
 CREDIT AGREEMENT 
  
  
 TX ENERGY SERVICES, LLC, 

 C.C. FORBES, LLC 
 and 
 SUPERIOR TUBING TESTERS, LLC, 
 as Borrowers 
 and 
 FORBES ENERGY SERVICES LLC, 
 a Guarantor 
 CITIBANK, N.A., 
 as Lender 
  
  
 $20,000,000 Revolving Credit Facility 
 April 10, 2008 
  
  
  

 TABLE OF CONTENTS 
  

					
	 	  	Page
	 ARTICLE I - Definitions and References
	  	4
	 Section 1.1.
	 	Defined Terms	  	4
	 Section 1.2.
	 	Exhibits and Schedules; Additional Definitions	  	26
	 Section 1.3.
	 	Terms Generally; References and Titles	  	26
	 Section 1.4.
	 	Calculations and Determinations	  	27
	 Section 1.5.
	 	Joint Preparation; Construction of Indemnities and Releases.	  	27
		
	 ARTICLE II - The Loans and Letters of Credit
	  	27
	 Section 2.1.
	 	Commitments to Lend; Note	  	27
	 Section 2.2.
	 	Requests for New Loans	  	28
	 Section 2.3.
	 	Continuations and Conversions of Existing Loans	  	28
	 Section 2.4.
	 	Use of Proceeds	  	29
	 Section 2.5.
	 	Interest Rates and Fees; Payment Dates; Retroactive Adjustments of Applicable Interest Rates.	  	29
	 Section 2.6.
	 	Optional Prepayments	  	30
	 Section 2.7.
	 	Repayment of Loans	  	30
	 Section 2.8.
	 	Letters of Credit	  	31
	 Section 2.9.
	 	Requesting Letters of Credit	  	32
	 Section 2.10.
	 	Reimbursement and Participations	  	32
	 Section 2.11.
	 	Letter of Credit Fees	  	33
	 Section 2.12.
	 	No Duty to Inquire	  	33
	 Section 2.13.
	 	LC Collateral	  	34
		
	 ARTICLE III - Payments to Lender
	  	35
	 Section 3.1.
	 	General Procedures	  	35
	 Section 3.2.
	 	Capital Reimbursement	  	36
	 Section 3.3.
	 	Increased Cost of Libor Loans	  	36
	 Section 3.4.
	 	Availability	  	37
	 Section 3.5.
	 	Funding Losses	  	37
	 Section 3.6.
	 	Reimbursable Taxes	  	37
	 Section 3.7.
	 	Taxes	  	38
	 Section 3.8.
	 	Time Limited	  	39
		
	 ARTICLE IV - Conditions Precedent to Lending
	  	39
	 Section 4.1.
	 	Documents to be Delivered	  	39
	 Section 4.2.
	 	Additional Conditions Precedent	  	41
		
	ARTICLE V - Representations and Warranties	  	42
	 Section 5.1.
	 	No Default	  	42
	 Section 5.2.
	 	Organization and Good Standing	  	42
	 Section 5.3.
	 	Authorization	  	42
	 Section 5.4.
	 	No Conflicts or Consents	  	42

  

 i 

					
	 Section 5.5.
	 	Enforceable Obligations	  	42
	 Section 5.6.
	 	Initial Financial Statements	  	43
	 Section 5.7.
	 	Other Obligations and Restrictions	  	43
	 Section 5.8.
	 	Full Disclosure	  	43
	 Section 5.9.
	 	Litigation	  	43
	 Section 5.10.
	 	Labor Disputes and Acts of God	  	43
	 Section 5.11.
	 	ERISA Plans and Liabilities	  	44
	 Section 5.12.
	 	Environmental and Other Laws	  	44
	 Section 5.13.
	 	Names and Places of Business	  	44
	 Section 5.14.
	 	Subsidiaries.	  	45
	 Section 5.15.
	 	Government Regulation	  	45
	 Section 5.16.
	 	Insider	  	45
	 Section 5.17.
	 	Solvency	  	45
	 Section 5.18.
	 	Title to Properties; Intellectual Property	  	45
	 Section 5.19.
	 	Taxes	  	46
		
	 ARTICLE VI - Affirmative Covenants
	  	46
	 Section 6.1.
	 	Payment and Performance	  	46
	 Section 6.2.
	 	Books, Financial Statements and Reports	  	46
	 Section 6.3.
	 	Other Information and Inspections	  	48
	 Section 6.4.
	 	Notice of Material Events and Change of Address	  	48
	 Section 6.5.
	 	Maintenance of Properties	  	49
	 Section 6.6.
	 	Maintenance of Existence and Qualifications.	  	49
	 Section 6.7.
	 	Payment of Trade Liabilities, Taxes, etc	  	49
	 Section 6.8.
	 	Insurance	  	50
	 Section 6.9.
	 	Performance on Borrower’s Behalf.	  	50
	 Section 6.10.
	 	Interest	  	50
	 Section 6.11.
	 	Compliance with Agreements and Law	  	50
	 Section 6.12.
	 	Environmental Matters; Environmental Reviews	  	50
	 Section 6.13.
	 	Evidence of Compliance	  	51
	 Section 6.14.
	 	Bank Accounts; Offset	  	51
	 Section 6.15.
	 	Guaranties of Parent’s or New Parent’s Subsidiaries	  	52
	 Section 6.16.
	 	Deposit Relationship	  	52
		
	 ARTICLE VII - Negative Covenants
	  	52
	 Section 7.1.
	 	Indebtedness	  	52
	 Section 7.2.
	 	Limitation on Liens	  	53
	 Section 7.3.
	 	Contingent Liabilities	  	53
	 Section 7.4.
	 	Fundamental Changes	  	53
	 Section 7.5.
	 	Limitation on Dispositions of Property	  	54
	 Section 7.6.
	 	Transfer of Ownership	  	55
	 Section 7.7.
	 	Limitation on Dividends and Redemptions	  	55
	 Section 7.8.
	 	Limitation on Investments and New Businesses	  	55
	 Section 7.9.
	 	Limitation on Credit Extensions	  	55
	 Section 7.10.
	 	Transactions with Affiliates	  	55
	 Section 7.11.
	 	Prohibited Contracts	  	56
	 Section 7.12.
	 	Subordinated Indebtedness	  	56

  

 ii 

					
	 ARTICLE VIII - Financial Covenants
	  	56
	 Section 8.1.
	 	Definitions	  	56
	 Section 8.2.
	 	Financial Tests	  	57
		
	 ARTICLE IX - Events of Default and Remedies
	  	58
	 Section 9.1.
	 	Events of Default	  	58
	 Section 9.2.
	 	Remedies	  	61
	 Section 9.3.
	 	Application of Proceeds After Acceleration	  	61
		
	 ARTICLE X
	  	61
	 Section 10.1.
	 	Waivers and Amendments; Acknowledgments	  	61
	 Section 10.2.
	 	Survival of Agreements; Cumulative Nature	  	62
	 Section 10.3.
	 	Notices; Effectiveness; Electronic Communication.	  	63
	 Section 10.4.
	 	Expenses; Indemnity; Damage Waiver	  	64
	 Section 10.5.
	 	Successors and Assigns; Joint and Several Liability	  	65
	 Section 10.6.
	 	Confidentiality	  	66
	 Section 10.7.
	 	Governing Law; Submission to Process	  	66
	 Section 10.8.
	 	Limitation on Interest	  	67
	 Section 10.9.
	 	Termination; Limited Survival	  	68
	 Section 10.10.
	 	Severability	  	68
	 Section 10.11.
	 	Counterparts; Integration; Effectiveness	  	68
	 Section 10.12.
	 	Waiver of Jury Trial, Punitive Damages, etc.	  	69
	 Section 10.13.
	 	USA PATRIOT Act Notice	  	69
	 Section 10.14.
	 	Limitation on Guarantor Liability	  	69
	 Section 10.15.
	 	Partial Releases of Collateral	  	70

					
	
	 Schedules and Exhibits:

			
	 Schedule 1
	 	-	  	Disclosure Schedule
	 Schedule 2
	 	-	  	Security Schedule
	 Schedule 3
	 	-	  	Lender Schedule
	 Exhibit A
	 	-	  	Note
	 Exhibit B
	 	-	  	Borrowing Notice
	 Exhibit C
	 	-	  	Continuation/Conversion Notice
	 Exhibit D
	 	-	  	Certificate Accompanying Financial Statements
	 Exhibit E
	 	-	  	Borrowing Base Certificate
	 Exhibit F
	 	-	  	Perfection Certificate

  

 iii 

 CREDIT AGREEMENT 
 THIS CREDIT AGREEMENT is made as of April 10, 2008, by and among TX ENERGY SERVICES, LLC, a Delaware limited liability company (“TX Energy”), C.C. FORBES, LLC, a Delaware limited liability
company (“C.C. Forbes”), and SUPERIOR TUBING TESTERS, LLC, a Delaware limited liability company (“Superior”) (“TX Energy”, C.C. Forbes and Superior collectively, the “Borrowers”,
and individually, a “Borrower”), FORBES ENERGY SERVICES LLC, a Delaware limited liability company (the “Parent”) as a Guarantor, and CITIBANK, N.A., a national association (“Lender”). 
 W I T N E S S E T H: 
 In consideration of
the mutual covenants and agreements contained herein in consideration of the loans which may hereafter be made by Lender and the Letters of Credit which may be made available by Lender to Borrowers, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as follows: 
 ARTICLE I - Definitions and
References 
 Section 1.1. Defined Terms. As used in this Agreement, each of the following terms has the meaning given to
such term in this Section 1.1 or in the sections and subsections referred to below: 
 “Accounts” means all present and
future rights of a Person to payment for goods sold or leased or for services rendered (except those evidenced by instruments or chattel paper), whether now existing or hereafter arising and wherever arising and whether or not earned by performance,
and “Account Debtor” means the Person which is obligated on any Account. 
 “Adjusted Base Rate” means, on
any day, the Base Rate for such day plus the Applicable Margin for such day, provided that the Adjusted Base Rate charged by any Person shall never exceed the Highest Lawful Rate. 
 “Adjusted Libor Rate” means, for any Libor Loan for any day during any Interest Period therefor, the rate per annum equal to the sum of
(a) the Applicable Margin for such day plus (b) the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) determined by Lender to be equal to the quotient obtained by dividing (i) the Libor Rate for such Libor
Loan for such Interest Period by (ii) 1 minus the Reserve Requirement for such Libor Loan for such Interest Period, provided that no Adjusted Libor Rate charged by any Person shall ever exceed the Highest Lawful Rate. The Adjusted Libor Rate
for any Libor Loan shall change whenever the Applicable Margin or the Reserve Requirement changes. 
 “Affiliate” means,
with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, controls or is controlled by or is under common Control with the Person specified. As used herein, “control” means
the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise and “controlled” has the
meaning correlative thereto. 
  

 CREDIT AGREEMENT – Page 4 

 “Agreement” means this Credit Agreement. 
 “Applicable Margin” shall mean, on any day the applicable per annum percentage set forth at the appropriate intersection in the table
shown below, based on the Leverage Ratio on the last day of the most recent Fiscal Quarter of Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries: 
 Applicable Margin 
  

							
	 Pricing Level
	  	 Leverage Ratio
	  	 Libor Loans
	 	 Base Rate Loans

	1	  	33.50:1	  	2.25%	 	1.25%
	2	  	33.5:1 but <3.50:1	  	2.00%	 	1.00%
	3	  	<3.00:1	  	1.75%	 	.75%

 The Applicable Margin shall be established as of the last day of each Fiscal Quarter of Parent or any New Parent,
whichever is then the ultimate parent company, (each, a “Determination Date”). Any change in the Applicable Margin following each Determination Date shall be determined based upon the information and computations set forth in the
financial statements and Compliance Certificate furnished to Lender pursuant to Section 6.2(b), subject to review and approval of such computations by Lender. Each change in the Applicable Margin shall be effective as of the first day of the
calendar mouth following each Determination Date, and shall remain in effect until the date that is the first day of the calendar month following the next Determination Date for which a change in the Applicable Margin occurs; provided,
however, if Parent or any New Parent, whichever is then the ultimate parent company, shall fail to deliver any required financial statements or Compliance Certificate within the time period required by Section 6.2(b), the Applicable
Margin shall be the highest percentage amount as set forth in the above table until the appropriate financial statements and related Compliance Certificate are so delivered. The Applicable Rate in effect from the date hereof through the date on
which the next Compliance Certificate is delivered or to be delivered pursuant to Section 6.2(b) shall be determined based upon Pricing Level 3. 
 “Base Rate” means the higher of (a) the variable per annum rate of interest so designated from time to time by Lender as its “prime rate”, and (b) the Federal Funds Rate plus
one-half percent (0.5%) per annum. The “prime rate” is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Changes in the Base Rate resulting from changes in the “prime rate”
shall take place immediately without notice or demand of any kind. 
 “Base Rate Loan” means a Loan that bears interest at
the Adjusted Base Rate. 
 “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the
Exchange Act, except that in calculating the beneficial ownership of any particular 

  

 5 

 
“person” will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or
exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage of time. The terms “Beneficially Owns” and “Beneficially Owned” have a corresponding meaning. 
 “Borrower” and “Borrowers” have the meanings set forth in the introductory paragraph hereto. 
 “Borrowing” means a borrowing of new Loans of a single Type (and, in the case of Libor Loans, with the same Interest Period) pursuant to
Section 2.2 or a Continuation or Conversion of existing Loans into a single Type (and, in the case of Libor Loans, with the same Interest Period) pursuant to Section 2.3. 
 “Borrowing Base” means, at any particular time eighty percent (80%) of Eligible Accounts; provided, however, that
(a) only Collateral for which Borrower’s representations and warranties under this Agreement and the other Loan Documents are true and correct at the time of calculation shall be included in the aggregate Borrowing Base, (b) if Lender
at any time determines a method of valuation of Eligible Accounts overstates the actual fair market value thereof at the time, upon notice to Borrower, Lender may recalculate those values to fair market value, and (c) in no event shall the
Borrowing Base ever exceed the Maximum Credit Amount. 
 “Borrowing Base Certificate” means a certificate substantially in
the form attached hereto as Exhibit E, appropriately completed, together with a reasonably detailed aged schedule of all Accounts as of the date specified in such certificate, listing face amounts and dates of invoices of each such Account and the
name and address of each Account Debtor obligated on such Account (and, upon reasonable advance request of Lender, copies of invoices, credit reports, export credit insurance, letters of credit and any other matters and information relating to the
Eligible Accounts). 
 “Borrowing Base Deficiency” has the meaning given to such term in Section 2.7(c). 
 “Borrowing Notice” means a written or telephonic request, or a written confirmation, made by Borrower which meets the requirements of
Section 2.2. 
 “Business Day” means a day, other than a Saturday or Sunday, on which commercial banks are open for
business with the public in Houston, Texas. Any Business Day in any way relating to Libor Loans (such as the day on which an Interest Period begins or ends) must also be a day on which, in the judgment of Lender, significant transactions in dollars
are carried out in the interbank eurocurrency market. 
 “Capital” means Forbes Energy Capital Inc., a Delaware corporation.

 “Capital Expenditures” means all expenditures and liabilities incurred for the acquisition of any fixed assets or
improvements, replacements, substitutions, or additions thereto which have a useful life of more than one year, including the direct or indirect acquisition of such assets by way of increased product or service charges, offset items or otherwise the
principal portion of payments with respect to Capital Lease Obligations. 
  

 6 

 “Capital Lease” means a lease with respect to which the lessee is required concurrently
to recognize the acquisition of an asset and the incurrence of a liability in accordance with GAAP. 
 “Capital Lease
Obligation” means, at the time any determination is to be made, the amount of the liability in respect of a capital lease that would at that time be required to be capitalized on a balance sheet prepared in accordance with GAAP, and the
stated maturity shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be prepaid by the lessee without payment of a penalty. 
 “Cash Equivalents” means Investments in: 
 (a) marketable obligations, maturing within twelve months after acquisition thereof, issued or unconditionally guaranteed by the United States of America or an instrumentality or agency thereof and entitled to the
full faith and credit of the United States of America; 
 (b) demand deposits, and time deposits (including certificates of deposit) maturing
within twelve months from the date of deposit thereof, with any office of Lender; 
 (c) repurchase obligations with a term of not more than
seven days for underlying securities of the types described in subsection (a) above entered into with any commercial bank meeting the specifications of subsection (b) above; 
 (d) open market commercial paper, maturing within 270 days after acquisition thereof, which are rated at least P-1 by Moody’s or A-1 by S & P;
and 
 (e) money market or other mutual funds (i) that are rated AA or better by S&P or (ii) substantially all of the assets of
which comprise securities of the types described in subsections (a) through (d) above. 
 “Change in Law” means
the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration,
interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority. 
 “Change of Control” means the occurrence of any of the following events: 
 (a) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of
related transactions, of all or substantially all of the properties or assets of either (a) any New Parent and its Subsidiaries taken as a whole or (b) the Parent and its Subsidiaries taken as a whole, in either case, to any
“person” (as that term is used in Section 13(d) of the Exchange Act) other than the Permitted Holders; 
 (b) the adoption of
a plan relating to the liquidation or dissolution of any New Parent or the Parent, whichever is then the ultimate parent company; 
 (c) the
consummation of any transaction (including, without limitation, any merger or consolidation), the result of which is that any Person, other than a Permitted Holder, becomes the 

  

 7 

 
Beneficial Owner, directly or indirectly, of more than 35% of the Voting Stock of any New Parent or the Parent, whichever is then the ultimate parent
company, measured by voting power rather than number of shares; 
 (d) the consummation of the first transaction (including, without
limitation, any merger or consolidation) the result of which is that a Person other than a Permitted Holder becomes the Beneficial Owner, directly or indirectly, of more of the Voting Stock of any New Parent or the Parent, whichever is then the
ultimate parent company, (measured by voting power rather than number of shares) than is at the time Beneficially Owned by the Permitted Holders in the aggregate; or 
 (e) after an initial public offering of any New Parent or the Parent, the first day on which a majority of the members of the Board of Directors of such New Parent of the Parent, as the case may be, are not Continuing
Directors. 
 For the avoidance of doubt, a Change of Control will not be deemed to have occurred solely as a result of the formation of and
the transfer of ownership of any Equity Interests of the Parent or any New Parent to any New Parent; provided that none of the events set forth in paragraphs (a) through (e) above have occurred. 
 “Closing Date” means the date on which all of the conditions precedent set forth in Section 4.1 shall have been satisfied or
waived. 
 “Collateral” means all property of any kind which is subject to a Lien in favor of Lender or which, under
the terms of any Security Document, is purported to be subject to such a Lien, in each case that secures the Secured Obligations. 
 “Commitment Fee Rate” means twenty five one-hundredths of one percent (0.25%). 
 “Commitment
Period” means the period from and including the Closing Date until the Maturity Date (or, if earlier, the day on which the obligations of Lender to make Loans hereunder and the obligations of Lender to issue Letters of Credit hereunder have
been terminated or the Note first becomes due and payable in full). 
 “Consolidated” refers to the consolidation of
any Person, in accordance with GAAP, with its properly consolidated subsidiaries. References herein to a Person’s Consolidated financial statements, financial position, financial condition, liabilities or the like refer to the consolidated
financial statements, financial position, financial condition, liabilities or the like of such Person and its properly consolidated subsidiaries. 
 “Continuation” shall refer to the continuation pursuant to Section 2.3 hereof of a Libor Loan as a Libor Loan from one Interest Period to the next Interest Period. 
 “Continuation/Conversion Notice” means a written or telephonic request, or a written confirmation, made by Borrower which meets the
requirements of Section 2.3. 
  

 8 

 “Continuing Directors” means, as of any date of determination, any member of the Board
of Directors of any New Parent or the Parent, whichever is then the ultimate parent company, who: 
 (1) was a member of such Board of
Directors of the Parent on the Closing Date or was a member of any such New Parent’s Board of Directors on the date such New Parent was required to become a party to this Agreement; or 
 (2) was nominated for election or appointed or elected to the Board of Directors of any such New Parent or the Parent, whichever is then the ultimate
parent company, with the approval of a majority of the Continuing Directors who were members of the Board of Directors of such New Parent or the Parent at the time of such nomination or election. 
 “Conversion” shall refer to a conversion pursuant to Section 2.3 or ARTICLE III of one Type of Loan into another Type of Loan.

 “Default” means any Event of Default and any default, event or condition which would, with the giving of any requisite
notices and the passage of any requisite periods of time to permit the curing of such default, event or condition, constitute an Event of Default. 
 “Default Rate” means, at the time in question (a) with respect to any Base Rate Loan, the rate per annum equal to two percent (2%) above the Adjusted Base Rate then in effect for such Loan and (b) with
respect to any Libor Loan, the rate per annum equal to two percent (2%) above the Adjusted Libor Rate then in effect for such Loan, provided in each case that no Default Rate charged by any Person shall ever exceed the Highest Lawful Rate.

 “Determination Date” has the meaning given to such term in the definition of Applicable Margin. 
 “Disclosure Schedule” means Schedule 1 hereto. 
 “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person, including any
sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 
 “Dividend” means (a) any dividend or other distribution made by a Restricted Person on or in respect of any Equity Interests in such Restricted Person or any other Restricted Person, or
(b) any payment made by a Restricted Person to purchase, redeem, acquire or retire any Equity Interest in such Restricted Person or any other Restricted Person. 
 “Eligible Accounts” means all Accounts of Borrower except the following: 
 (a) any Account
which arises out of a sale to an Account Debtor which is an Affiliate of Borrower. 
  

 9 

 (b) any Account which has not yet been invoiced or any Account the goods giving rise to which have not
been delivered or the services giving rise to which have not been performed, or which otherwise does not represent a completed sale or performance. 
 (c) any Account balances due or unpaid more than 120 days after its original invoice date or which has an original due date which is more than 120 days after its original invoice date. 
 (d) any Account owed by an Account Debtor which has asserted any defense or contested any liability with respect to such Account, or any Account which
otherwise is or may become subject to any right of set off by the Account Debtor thereof provided that to the extent the Account exceeds the amount of the right of set off, the positive balance shall be included as an Eligible Account. 

(e) any Account owed by an Account Debtor more than 50% (in dollar amount) of whose Accounts are not Eligible Accounts on account of clause
(c) above. 
 (f) any Account owed by an Account Debtor which has commenced a voluntary case under the bankruptcy or insolvency laws of
any jurisdiction, or made an assignment for the benefit of creditors, or against which a decree or order for relief has been entered by a court in an involuntary case under any bankruptcy or insolvency laws of any jurisdiction, or against which any
other petition or other application for relief under any bankruptcy or insolvency laws of any jurisdiction has been filed, or which has suspended business or consented to or suffered a receiver, trustee, liquidator or custodian to be appointed for
it or for all or a significant portion of its assets or affairs of which Borrower has knowledge. 
 (g) any Account which arises out of a
sale made or services performed outside of the United States or which is owed by an Account Debtor located outside the United States unless (i) supported by an irrevocable letter of credit satisfactory to Lender (as to form, substance and
issuer or a domestic confirming bank) that has been delivered to Lender and is directly drawable by Lender or (ii) is insured by foreign export credit insurance from a reputable, third party insurance company reasonably satisfactory to Lender.

 (h) any Account the sale for which is on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment or any other
repurchase or return basis or otherwise contingent on or subject to the fulfillment of any condition. 
 (i) any Account the Account Debtor
of which is the United States or any department, agency or instrumentality thereof unless Borrower duly assigns its rights to payment of such Account to Lender pursuant to the Assignment of Claims Act of 1940, as amended. 
 (j) any Account to the extent but only to the extent that, but for this clause (j), the Eligible Accounts owed by any Account Debtor and its Affiliates
would exceed 25% of the outstanding aggregate principal balance of all Eligible Accounts, in which event the principal balance of the Accounts of such Account Debtor and its Affiliates in excess of 25% shall be not be Eligible Accounts unless
approved by Lender in its sole discretion. 
 (k) any Account owed by an Account Debtor which is also an employee or sales agent or
independent contractor directly related to Borrower or any of its Affiliates. 
  

 10 

 (l) any Account subject to a Lien other than a Permitted Lien. 
 (m) any Account to the extent not valid, binding and enforceable against the Account Debtor thereof in accordance with its terms. 
 (n) any Account to the extent not subject to an enforceable and duly perfected first priority Lien (subject to the Permitted Liens) in favor of Lender.

 “Environmental Laws” means any and all Laws relating to the environment or to emissions, discharges, releases or
threatened releases of pollutants, contaminants, chemicals, or industrial, toxic or hazardous substances or wastes into the environment including ambient air, surface water, ground water, or land, or otherwise relating to the manufacture,
processing, distribution, use, treatment, storage, disposal, transport, or handling of pollutants, contaminants, chemicals, or industrial, toxic or hazardous substances or wastes. 
 “Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in)
such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or exchangeable
for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit
interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of determination. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor statutes or
statute, together with all rules and regulations promulgated with respect thereto. 
 “ERISA Affiliate” means each
Restricted Person and all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control that, together with such Restricted Person, are treated as a single employer under
Section 414 of the Internal Revenue Code. 
 “ERISA Plan” means any employee pension benefit plan subject to Title IV
of ERISA maintained by any ERISA Affiliate with respect to which any Restricted Person has a fixed or contingent liability. 
 “Event
of Default” has the meaning given to such term in Section 9.1. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
 “Excluded Taxes” means (a) taxes imposed on or measured by its overall net income (however
denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or in which its
Lending Office is located and (b) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction in which Borrower is located. 
  

 11 

 “Facility Usage” means, at the time in question, the aggregate principal amount of
outstanding Loans and existing LC Obligations at such time. 
 “Federal Funds Rate” means, for any day, the rate per annum
(rounded upwards, if necessary, to the nearest 1/100th of one percent) equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as
published by the Federal Reserve Bank of Dallas on the Business Day next succeeding such day, provided that (a) if the day for which such rate is to be determined is not a Business Day, the Federal Funds Rate for such day shall be such rate on
such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if such rate is not so published for any day, the Federal Funds Rate for such day shall be the average rate quoted to Lender on
such day on such transactions as determined by Lender. 
 “Fiscal Quarter” means a three-month period ending on
March 31, June 30, September 30 or December 31 of any year. 
 “Fiscal Year” means a
twelve-month period ending on December 31 of any year. 
 “GAAP” means those generally accepted accounting principles
and practices which are recognized as such by the Financial Accounting Standards Board (or any generally recognized successor) and which, in the case of Restricted Persons and their Consolidated Subsidiaries, are applied for all periods after the
date hereof in a manner consistent with the manner in which such principles and practices were applied to the Initial Financial Statements. If any change in any accounting principle or practice is required by the Financial Accounting Standards Board
(or any such successor) in order for such principle or practice to continue as a generally accepted accounting principle or practice, all reports and financial statements required hereunder with respect to any Restricted Person or with respect to
any Restricted Person and its Consolidated Subsidiaries may be prepared in accordance with such change, but all calculations and determinations to be made hereunder may be made in accordance with such change only after notice of such change is given
to Lender. Notwithstanding the foregoing, for periods as of or prior to December 31, 2007, Borrower’s annual financial statements were prepared on a combined basis. 
 “Governmental Authority” means the government of the United States or any other nation, or of any political subdivision thereof, whether
state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government
(including any supra-national bodies such as the European Union or the European Central Bank). 
 “Guarantor” means any
Person who has guaranteed some or all of the Obligations pursuant to a guaranty listed on the Security Schedule or any other Person who has guaranteed some or all of the Obligations and who has been accepted by Lender as a Guarantor or any
Subsidiary of Borrower which now or hereafter executes and delivers a guaranty to Lender pursuant to Section 6.15. 
  

 12 

 “Hazardous Materials” means any substances regulated under any Environmental Law,
whether as pollutants, contaminants, or chemicals, or as industrial, toxic or hazardous substances or wastes, or otherwise. 
 “Hedging Obligations” means, with respect to any specified Person, the obligations of such Person under: 
 (a)
interest rate swap agreements (whether from fixed to floating or from floating to fixed), interest rate cap agreements and interest rate collar agreements; 
 (b) other agreements or arrangements designed to manage interest rates or interest rate risk; and 
 (c)
other agreements or arrangements designed to protect such Person against fluctuations in currency exchange rates or commodity prices. 
 “Highest Lawful Rate” means the maximum nonusurious rate of interest that Lender is permitted under applicable Law to contract for, take, charge, or receive with respect to such Obligations. All determinations herein of the
Highest Lawful Rate, or of any interest rate determined by reference to the Highest Lawful Rate, shall be made separately for Lender as appropriate to assure that the Loan Documents are not construed to obligate any Person to pay interest to Lender
at a rate in excess of the Highest Lawful Rate applicable to Lender. 
 “Indebtedness” of any Person means Liabilities in
any of the following categories (without duplication): 
 (o) Liabilities for borrowed money; 
 (p) Liabilities constituting an obligation to pay the deferred purchase price of property or services; 
 (q) Liabilities evidenced by a bond, debenture, note or similar instrument; 
 (r) Liabilities which (i) would under GAAP be shown on such Person’s balance sheet as a liability, and (ii) are payable more than one
(1) year from the date of creation or incurrence thereof (other than reserves for taxes and reserves for contingent obligations); 
 (s)
Liabilities constituting principal under Capital Leases Obligations; 
 (t) Liabilities arising under conditional sales or other title
retention agreements relating to property purchased by such Person; 
 (u) Liabilities owing under direct or indirect guaranties of
Indebtedness of any other Person or otherwise constituting obligations to purchase or acquire or to otherwise protect or insure a creditor against loss in respect of Indebtedness of any other Person (such as obligations under working capital
maintenance agreements, agreements to keep-well, or agreements to purchase Indebtedness, assets, goods, securities or services), but excluding endorsements in the ordinary course of business of negotiable instruments in the course of collection;

  

 13 

 (v) Liabilities (for example, repurchase agreements, mandatorily redeemable preferred stock and
sale/leaseback agreements) consisting of an obligation to purchase or redeem securities or other property of such Person, if such Liabilities arise out of or in connection with the sale or issuance of the same or similar securities or property;

 (w) Liabilities with respect to letters of credit or applications or reimbursement agreements therefor; 
 (x) Liabilities with respect to banker’s acceptances; 
 (y) Liabilities with respect to other obligations to deliver goods or services in consideration of advance payments therefor; or 
 (z) Liabilities arising under the Hedging Obligations. 
 provided, however, that the “Indebtedness” of any Person
shall not include Liabilities that were incurred by such Person on ordinary trade terms to vendors, suppliers, or other Persons providing goods and services for use by such Person in the ordinary course of its business, unless and until such
Liabilities are outstanding more than 90 days past the original invoice or billing due date therefor. 
 “Indenture” means
that certain Indenture dated as of February 12, 2008 among Parent, Capital, Borrower and Indenture Trustee. 
 “Indenture
Trustee” means Wells Fargo Bank, National Association. 
 “Independent Director” means a member of the Board of
Directors of any New Parent or the Parent, whichever is then the ultimate parent company, who qualifies as “independent” within the meaning of the listing requirements of either the New York Stock Exchange or Nasdaq Stock Market.

 “Initial Financial Statements” means the audited annual combined financial statements of Borrower dated as of and for the
period ending on December 31, 2007. 
 “Intercreditor Agreement” means that certain Intercreditor and Subordination
Agreement dated as of the date hereof between Lender and Indenture Trustee, as collateral agent for the holders of the Senior Secured Notes. 
 “Interest Payment Date” means (a) with respect to each Base Rate Loan, the last day of each calendar quarter, and (b) with respect to each Libor Loan, the last day of the Interest Period that is applicable
thereto; provided that the last day of each calendar month shall also be an Interest Payment Date for each such Loan so long as any Event of Default exists under Section 9.1(a) or (b). 
 “Interest Period” means, with respect to each Libor Loan, the period specified in the Borrowing Notice or Continuation/Conversion Notice
applicable to such Libor Loan, beginning on and including the date specified in such Borrowing Notice or Continuation/ Conversion Notice (which must be a Business Day), and ending three (3) months thereafter, as Borrower 

  

 14 

 
may elect in such notice; provided that: (a) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the
next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; (b) any Interest Period which begins on the last Business Day in a calendar
month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day in a calendar month; and (c) notwithstanding the foregoing, any Interest Period
which would otherwise end after the last day of the Commitment Period shall end on the last day of the Commitment Period (or, if the last day of the Commitment Period is not a Business Day, on the next preceding Business Day). 
 “Internal Revenue Code” means the United States Internal Revenue Code of 1986, as amended from time to time and any successor statute or
statutes, together with all rules and regulations promulgated with respect thereto. 
 “Investment” means any investment,
made directly or indirectly, in any Person, whether by purchase, acquisition of Equity Interests of another Person, Indebtedness or other obligations or by loan, advance, capital contribution or otherwise and whether made in cash, by the transfer of
property, or by any other means. 
 “Law” means any statute, law, regulation, ordinance, rule, treaty, judgment, order,
decree, permit, concession, franchise, license, agreement or other governmental restriction of the United States or any state or political subdivision thereof or of any foreign country or any department, province or other political subdivision
thereof. Any reference to a Law includes any amendment or modification to such Law, and all regulations, rulings, and other Laws promulgated under such Law. 
 “LC Application” means any application for a Letter of Credit hereafter made by Borrower to Lender. 
 “LC Collateral” has the meaning given to such term in Section 2.13(a). 
 “LC
Conditions” has the meaning given to such term in Section 2.8. 
 “LC Documents” means the Continuing
Agreement For Letters of Credit, Application for Standby Letters of Credit and any other agreements, certificates, documents, instruments and writings at any time delivered or executed in connection with a Letter of Credit. 
 “LC Obligations” means, at the time in question, the sum of all Matured LC Obligations plus the maximum amounts which Lender might then
or thereafter be called upon to advance under all Letters of Credit then outstanding. 
 “LC Sublimit” means $3,000,000.

 “Lender” means Citibank, N.A., a national association and the successor of Lender as holder of the Note. 
 “Lender Schedule” means Schedule 4 hereto. 
  

 15 

 “Lending Office” means the office or offices of Lender described as such in Schedule 4
or such other office as Lender may from time to time specify to Borrower. 
 “Letter of Credit” means any letter of credit
issued by Lender hereunder at the application of Borrower. 
 “Letter of Credit Termination Date” means the date which is
seven (7) days prior to the Maturity Date or if such day is not a Business Day, the next preceding Business Day. 
 “Liabilities” means, as to any Person, all indebtedness, liabilities and obligations of such Person, whether matured or unmatured, liquidated or unliquidated, primary or secondary, direct or indirect, absolute, fixed or
contingent, and whether or not required to be considered pursuant to GAAP. 
 “Libor Loan” means a Loan that bears interest
at the Adjusted Libor Rate. 
 “Libor Rate” means, for any Libor Loan within a Borrowing and with respect to the related
Interest Period therefor, (a) the interest rate per annum (carried out to the fifth decimal place) equal to the rate determined by Lender to be the offered rate that appears on the page of the Telerate Screen that displays an average British
Bankers Association Interest Settlement Rate (such page currently being Telerate Successor Page 3750) for deposits in U.S. dollars (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as
of approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, or (b) in the event the rate referenced in the preceding subsection (a) does not appear on such page or service or such page or
service shall cease to be available, the rate per annum (carried out to the fifth decimal place) equal to the rate determined by Lender to be the offered rate on such other page or other service that displays an average British Bankers Association
Interest Settlement Rate for deposits in U.S. dollars (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) two Business Days prior to the
first day of such Interest Period, or (c) in the event the rates referenced in the preceding subsections (a) and (b) are not available, the rate per annum determined by Lender as the rate of interest at which deposits in U.S. dollars
(for delivery on the first day of such Interest Period) in same day funds in the approximate amount of the applicable Libor Loan and with a term equivalent to such Interest Period would be offered by its London branch to major banks in the offshore
U.S. dollar market at their request at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period. 
 “Lien” means, with respect to any property or assets, any right or interest therein of a creditor to secure Liabilities owed to it or any other arrangement with such creditor which provides for the payment of such
Liabilities out of such property or assets or which allows such creditor to have such Liabilities satisfied out of such property or assets prior to the general creditors of any owner thereof, including any lien, mortgage, security interest, pledge,
deposit, production payment, rights of a vendor under any title retention or conditional sale agreement or lease substantially equivalent thereto, tax lien, mechanic’s or materialman’s lien, or any other charge or encumbrance for security
purposes, whether arising by Law or agreement or otherwise, but excluding any right of offset which arises without agreement in the ordinary course of 

  

 16 

 
business. “Lien” also means any filed financing statement, any registration of a pledge (such as with an issuer of uncertificated securities), or
any other arrangement or action which would serve to perfect a Lien described in the preceding sentence, regardless of whether such financing statement is filed, such registration is made, or such arrangement or action is undertaken before or after
such Lien exists. 
 “Loan Documents” means this Agreement, the Note, the Security Documents, the Letters of Credit, the LC
Applications, and all other agreements, certificates, documents, instruments and writings at any time delivered in connection herewith or therewith (exclusive of term sheets and commitment letters). 
 “Loans” has the meaning given to such term in Section 2.1. 
 “Material Adverse Change” means a material and adverse change, from the state of affairs presented in the Initial Financial Statements
or as represented or warranted in any Loan Document, to (a) the Consolidated financial condition of Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries (b) the Consolidated business,
assets, operations, properties or prospects, considered as a whole of Parent or any New Parent, whichever is then the ultimate parent company, (c) Borrowers’ and the Guarantors’ ability, taken as a whole, to timely pay the
Obligations, or (d) the enforceability of the material terms of any material Loan Documents against the Restricted Persons. 
 “Matured LC Obligations” means all amounts paid by Lender on drafts or demands for payment drawn or made under or purported to be made under any Letter of Credit and all other amounts due and owing to Lender under any LC
Application for any Letter of Credit, to the extent the same have not been repaid to Lender (with the proceeds of Loans or otherwise). 
 “Maturity Date” means 12:00 o’clock Noon, Houston, Texas time on April 10, 2012, or such earlier date and time on which the Commitment terminates as provided in this Agreement. 
 “Maximum Credit Amount” means the amount of $20,000,000. 
 “Moody’s” means Moody’s Investors Service, Inc., or its successor. 
 “New
Parent” means any one or more new parent companies formed by the owners of the Equity Interests of the Parent which holds directly or indirectly 100% the Equity Interests of the Parent. 
 “Note” has the meaning given to such term in Section 2.1. 
 “Obligations” means all Liabilities from time to time owing by any Restricted Person to Lender under or pursuant to any of the Loan
Documents, including all LC Obligations. “Obligation” means any part of the Obligations. 
 “Operating Lease”
means any lease (other than a lease constituting a Capital Lease Obligation) of real or personal property. 
 “Other Taxes”
has the meaning assigned to such term in Section 3.7(b). 
  

 17 

 “Parent” means Forbes Energy Services LLC, a Delaware limited liability company.

 “Participant” has the meaning assigned to such term in Section 10.5(b). 
 “Permitted Affiliate Lease” means a lease for any premises or buildings occupied by a Restricted Person on the issue date of the final
offering circular dated February 7, 2008 relating to the Senior Secured Notes (the “Final Offering Circular”) that has been entered into with an Affiliate of such a Restricted Person, the terms of which are fully and accurately
summarized in all material respects under the caption “Transactions with Related Persons” in the Final Offering Circular, and any amendment, extension or other modification thereto; provided that any such amendment, extension or
modification (a) is on terms that are no less favorable to such Restricted Person than those that would have been obtained in a comparable transaction by the Restricted Person with an unrelated Person or, if there is no such comparable
transaction, on terms that are fair and reasonable to the Restricted Person, and reflect an arms’-length negotiation as determined by Independent Directors of such Restricted Person or Parent or New Parent, whichever is then the ultimate parent
company and (b) is not, in the good faith determination of such Independent Directors materially worse for the Restricted Person. 
 “Permitted Affiliate Store Transactions” means purchases from or returns to the oil field supply store owned by Alice Environmental Services, LP by any Restricted Person, as such transactions are described under
“Transactions with Related Persons” in the Final Offering Circular, in each case on terms that are no less favorable to any such Restricted Person than those that would have been obtained in a comparable transaction by any such Restricted
Person or, if there is no such comparable transaction, on terms that are fair and reasonable to any such Restricted Person and reflect an arms’-length negotiation as determined by the Independent Directors of such Restricted Person or its
Parent or any New Parent, whichever is then the ultimate parent company. 
 “Permitted Business” means any business that is
the same as or similar, reasonably related, complimentary or incidental to the business in which the Restricted Persons are engaged on the Closing Date. 
 “Permitted Holder” means (a) John E. Crisp, Charles C. Forbes and Janet L. Forbes and (b) any Affiliate or family member of a Person set forth in clause (a) of this definition.

 “Permitted Investments” means: 
 (aa) Cash Equivalents; 
 (bb) property used in the ordinary course of business of the Restricted Persons;

 (cc) current assets arising from the sale or lease of goods and services in the ordinary course of business by the Restricted Persons or
from sales permitted under Section 7.5; 
 (dd) Investments by Borrower in any wholly owned Subsidiary which is a Guarantor; 

 

 18 

 (ee) the acquisition and holding of Accounts owing to any Restricted Person if created or acquired in the
ordinary course of business and payable or dischargeable in accordance with customary terms; 
 (ff) the endorsement of negotiable
instruments held for collection in the ordinary course of business; 
 (gg) making lease, utility and other similar deposits in the ordinary
course of business; 
 (hh) Investments by Parent or any New Parent in the Equity Interests of its Subsidiaries; 
 (ii) additional Investments by the Restricted Persons in the Equity Interests of Subsidiaries acquired or created after the date hereof; 
 (jj) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent Accounts and disputes with, customers and
suppliers, in each case in the ordinary course of business; 
 (kk) loans and advances made by any Restricted Person in the ordinary course
of business to its directors, officers and employees for expenses (including moving expenses related to transfer) incidental to carrying on the business of the Restricted Persons or advances not to exceed $500,000 at any one time outstanding;

 (ll) loans made by Restricted Persons to directors, officers and employees the proceeds of which are used by such directors, officers and
employees to purchase Equity Interests of any Restricted Person (and extensions, renewals, modifications or replacements of the foregoing to the extent the principal amount thereof is not increased), provided that the aggregate amount of loans made
pursuant to this clause (l) shall be approved by Lender in its sole discretion; 
 (mm) the Investments existing on the date hereof
specified in Section 7.8 of the Disclosure Schedule; 
 (nn) advances and extensions of trade credit in the ordinary course of business;

 (oo) other Investments in an aggregate amount not to exceed Five Million Dollars ($5,000,000); 
 (pp) guarantees constituting, or guarantees of, Indebtedness permitted by this Agreement, including guarantees of Senior Secured Notes; 
 (qq) any investment resulting from the acquisition of assets or Equity Interests solely in exchange for the issuance of Equity Interests of Parent or any
New Parent, whichever is then the ultimate parent company; 
 (rr) Investments resulting from the receipt of non-cash consideration from a
sale of assets not precluded under the Loan Documents; and 
  

 19 

 (ss) Investments represented by Hedging Obligations. 
 “Permitted Liens” means: 
 (tt) statutory Liens for taxes, assessments or other governmental charges or levies which are not yet delinquent or which are being contested in good faith by appropriate action and for which adequate accruals have been maintained in
accordance with GAAP; 
 (uu) landlords’, operators’, carriers’, warehousemen’s, repairmen’s, mechanics’,
materialmen’s, or other like Liens which do not secure Indebtedness, in each case only to the extent arising in the ordinary course of business and only to the extent securing obligations which are not delinquent or which are being contested in
good faith by appropriate proceedings and for which adequate accruals have been maintained in accordance with GAAP; 
 (vv) minor defects and
irregularities in title to any property, so long as such defects and irregularities neither secure Indebtedness nor materially impair the value of such property or the use of such property for the purposes for which such property is held;

 (ww) deposits of cash or securities to secure the performance of bids, trade contracts (other than Indebtedness), leases, statutory
obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 
 (xx) Liens under the Security Documents; 
 (yy) Liens securing the Senior Secured Notes and obligations under related
documentation, which Liens have been relegated to a second priority position pursuant to the Intercreditor Agreement or as to which Lender elects not to take a security interest; 
 (zz) with respect only to property subject to any particular Security Document, Liens burdening such property which are expressly allowed by such
Security Document; 
 (aaa) judgment and attachment Liens not giving rise to an Event of Default, provided that any appropriate legal
proceedings that may have been duly initiated for the review of such judgment shall not have been finally terminated or the period within which such proceeding may be initiated shall not have expired no action to enforce such Lien has been
commenced; and such Liens are covered by a bond or insurance reasonably acceptable to Lender; 
 (bbb) Liens arising solely by virtue of any
statutory or common law provision relating to banker’s liens, rights of set-off or similar rights and remedies and burdening only deposit accounts or other funds maintained with a creditor depository institution, provided that no such deposit
account is a dedicated cash collateral account or is subject to restrictions against access by the depositor and no such deposit account is intended by Borrower or any of its Subsidiaries to provide collateral to the depository institution;

 (ccc) conventional provisions contained in any contracts or agreements affecting properties under which Borrower or any of its
Subsidiaries is required immediately before the expiration, termination or abandonment of a particular property to reassign to such Person’s predecessor in title all or a portion of such Person’s rights, titles and interests in and to all
or portion of such property; 
  

 20 

 (ddd) pledges or deposits in connection with workers’ compensation, unemployment insurance and other
social security legislations; 
 (eee) Liens under joint operating agreements, pooling or unitization agreements or similar contractual
arrangements arising in the ordinary course of the business of Borrower or its Subsidiaries to secure amounts owing under such agreements and contracts, which amounts are not more than 90 days past due or are being contested in good faith by
appropriate proceedings, if such reserve as may be required by GAAP shall have been made therefor; 
 (fff) (i) Liens on fixed or
capital assets acquired, constructed or improved by Borrower; provided, that (A) such Liens secure Indebtedness permitted under Section 7.1(f), (B) such Liens and the Indebtedness secured thereby are incurred substantially
simultaneously with the acquisition, construction or improvement of such fixed or capital assets or within 180 days thereafter, (C) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and
(D) the amount of Indebtedness secured thereby is not more than 100% of the purchase price, and (ii) Liens in the nature of precautionary financing statements filed against leased property by lessors holding Capital Lease Obligations
included in Indebtedness permitted under Section 7.1; 
 (ggg) Liens in favor of the Parent or any New Parent, whichever is then the
ultimate parent company, or their Subsidiaries; 
 (hhh) Liens on property of a Person existing at the time such Person is merged with or
into or consolidated with the Parent or any New Parent, whichever is then the ultimate parent company, or their Subsidiaries; provided that such Liens were in existence prior to the contemplation of such merger or consolidation and do not extend to
any assets other than those of the Person merged into or consolidated with the Parent or any New Parent, whichever is then the ultimate parent company, or their Subsidiaries; 
 (iii) Liens on property (including Equity Interests) existing at the time of acquisition of the property by the Parent or any New Parent, whichever is
then the ultimate parent company, or their Subsidiaries; provided that such Liens were in existence prior to, such acquisition, and not incurred in contemplation of, such acquisition; 
 (jjj) Liens to secure Indebtedness, the incurrence of which is represented by Capital Lease Obligations, mortgage financings or purchase money
obligations, in each case, incurred for the purpose of financing all or any part of the purchase price or cost of design, construction, installation or improvement of property, plant or equipment used in the business of the Parent or any New Parent,
whichever is then the ultimate parent company, or their Subsidiaries in an aggregate principal amount, including all Permitted Refinancing Indebtedness incurred to renew, refund, refinance, replace, defease or discharge any Indebtedness incurred
pursuant to this clause (q), not to exceed $10,000,000 million at any time outstanding, covering only the assets constructed or acquired with or financed by such Indebtedness; 
  

 21 

 (kkk) survey exceptions, easements or reservations of, or rights of others for, licenses, rights-of-way,
sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real property that were not incurred in connection with Indebtedness and that do not in the aggregate materially
adversely affect the value of said properties or materially impair their use in the operation of the business of such Person; 
 (lll) Liens
securing reimbursement obligations with respect to commercial letters of credit which encumber documents and other assets relating to such letters of credit and products and proceeds thereof; 
 (mmm) Liens upon specific items of inventory or other goods and proceeds of the Parent or any New Parent, whichever is then the ultimate parent company,
or their Subsidiaries to secure obligations in respect of bankers’ acceptances issued or created for the account of any such Person to facilitate the purchase, shipment or storage of such inventory or other goods in the ordinary course of
business; 
 (nnn) Liens securing Hedging Obligations; 
 (ooo) Liens arising from precautionary UCC financing statements in connection with operating leases or consignment of goods; and 
 (ppp) Liens incurred in the ordinary course of business of the Parent or any New Parent, whichever is then the ultimate parent company, or their Subsidiaries with respect to obligations that do not exceed $10,000,000
million at any one time outstanding. 
 “Permitted Refinancing Indebtedness” means any Indebtedness of the Parent or any New
Parent, whichever is then the ultimate parent company, or their Subsidiaries issued in exchange for, or the net proceeds of which are used to renew, refund, refinance, replace, defease or discharge other Indebtedness of Parent or any New Parent,
whichever is then the ultimate parent company, or its Subsidiaries (other than intercompany Indebtedness), as the case may be; provided that: 
 (qqq) the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness extended, renewed, refunded, refinanced,
replaced, defeased or discharged (plus all accrued interest on the Indebtedness and the amount of all fees and expenses, including premiums, incurred in connection therewith); 
 (rrr) such Permitted Refinancing Indebtedness has a final maturity date later than the final maturity date of, and has a Weighted Average Life to
Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged; 
 (sss) if the Indebtedness being extended, renewed, refunded, refinanced, replaced, defeased or discharged is subordinated in right of payment to the Senior Secured Notes, such Permitted Refinancing Indebtedness has a
final maturity date later than the final maturity date of, and is subordinated in right of payment to, the Senior Secured Notes on terms at least as favorable, taken as a whole, to the holders of Senior Secured Notes as those contained in the
documentation governing the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged; and 
  

 22 

 (ttt) such Indebtedness is incurred either by Parent or any New Parent, whichever is then the ultimate
parent company, or its Subsidiary which is the obligor on the Indebtedness being extended, renewed, refunded, refinanced, replaced, defeased or discharged. 
 “Permitted Tax Distributions” means: 
 (uuu) with respect to each tax year or portion
thereof that the Parent or any New Parent, whichever is then the ultimate parent company, qualifies (or any predecessor in interest qualified) to be treated as a partnership not taxable as a corporation, a grantor trust, a disregarded entity, an
“S” corporation or a qualified subchapter “S” subsidiary for U.S. federal income tax purposes or subject to treatment on a comparable basis for purposes of state, local or foreign tax law (a “Flow Through Entity”), the
distribution by the Parent or any New Parent to the holders of its Equity Interests of an amount equal to the product of (x) the amount of aggregate net taxable income of the Parent or any New Parent allocated to the holders of its Equity
Interests for such period and (y) the Presumed Tax Rate for such period; provided that to the extent that the aggregate net taxable income of the Parent or any New Parent for a taxable year actually reported to the holders of the Equity
Interests is less than the aggregate net taxable income assumed in calculating such amounts for a taxable year, the holders of such Equity Interests can return an amount equal to the product of such shortfall and the Presumed Tax Rate used in such
calculations, or an amount equal to such product shall be deducted from the next scheduled Permitted Tax Distributions payable to such holders for later years; and 
 (vvv) if the Parent or any New Parent is not a Flow Through Entity, the payment of the combined federal, state and local income taxes that would be paid by such entity if it were a separate Delaware corporation filing
separate federal, state and local income tax returns with respect to its taxable income for such period (or, to the extent applicable because there are corporate subsidiaries, if it were the common parent of an affiliated group filing consolidated
or combined returns with respect to the taxable income of such entity, the Parent or any New Parent, whichever is then the ultimate parent company, and their consolidated corporate subsidiaries for such period). 
 For purposes of such computation, it will be assumed that any net operating loss carryforwards or other carryforwards or tax attributes, such as
alternative minimum tax carryforwards, that arise in any period will be available to offset taxable income payable in later years (regardless of any change in status as a Flow Through Entity). Notwithstanding anything to the contrary, for purposes
of clause (b) above, the applicable taxable income or taxes shall not include taxable income or taxes resulting from any change in the status from a Flow Through Entity to an entity taxable as a corporation. 
 “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership,
Governmental Authority or other entity. 
 “Presumed Tax Rate” means 39.6% or, if there is a change in applicable federal,
state or local tax rates, such other rate as the chief financial officer of the Parent or any New Parent, 

  

 23 

 
whichever is then the ultimate parent company, certifies in writing to the Lender to be a reasonable approximation of the highest, net marginal federal,
state and local income taxation rates payable by the holders of Equity Interests of the Parent or any New Parent, as applicable, or with respect to the aggregate net taxable income. 
 “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System as from time to time in effect. 
 “Reserve Requirement” means, at any time, the maximum rate at which reserves (including any marginal, special, supplemental, or
emergency reserves) are required to be maintained under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) by member banks of the Federal Reserve System against “Eurocurrency
liabilities” (as such term is used in Regulation D). Without limiting the effect of the foregoing, the Reserve Requirement shall reflect any other reserves required to be maintained by such member banks with respect to (a) any category of
liabilities which includes deposits by reference to which the Adjusted Libor Rate is to be determined, or (b) any category of extensions of credit or other assets which include Libor Loans. 
 “Responsible Officer” means, with respect to Borrower, the Chief Executive Officer, President or Chief Financial Officer of Borrower,
and with respect to any other Restricted Person, if such Restricted Person is a limited liability company, a Manager of such Restricted Person, and if such Restricted Person is a corporation, the President or Chief Financial Officer of such
Restricted Person. 
 “Restricted Person” means any of Borrower, each Subsidiary of Parent or New Parent, if applicable, and
each Guarantor. 
 “S & P” means Standard & Poor’s Ratings Services (a division of The McGraw Hill
Companies), or its successor. 
 “SEC” means the U.S. Securities and Exchange Commission or any successor commission or
agency. 
 “Secured Obligations” means all Obligations. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC thereunder. 
 “Security Documents” means all security agreements, deeds of trust, mortgages, chattel mortgages, pledges, guaranties, financing
statements, continuation statements, extension agreements and other agreements or instruments now, heretofore, or hereafter delivered by any Restricted Person to Lender in connection with this Agreement or any transaction contemplated hereby to
secure or guarantee the payment of any part of the Obligations or the performance of any Restricted Person’s other duties and obligations under the Loan Documents. 
 “Security Schedule” means Schedule 2 hereto. 
  

 24 

 “Senior Secured Notes” means the 11% Senior Secured Notes initially issued pursuant to
that Indenture and any exchange notes issued pursuant thereto. 
 “Senior Secured Notes Offering” means the private
placement of $205,000,000 of the Senior Secured Notes (or such other amount as Borrower, Lender and an initial purchaser of the Senior Secured Notes may agree). 
 “Subordinated Indebtedness” means any secured or unsecured Indebtedness of Parent or Borrower which expressly contains in the instruments evidencing such Indebtedness or in the indenture or other
similar instrument under which it is issued (which indenture or other similar instrument shall be binding on all holders of such Indebtedness) subordination provisions (in form and substance satisfactory to Lender in its sole discretion)
substantially to the effect that the holder agrees that the Indebtedness evidenced by such instrument, and any renewals or extensions thereof, shall at all times and in all respects be subordinate and junior in right of payment to the Obligations.

 “Subsidiary” means, with respect to any Person, any corporation, association, partnership, limited liability company,
joint venture, or other business or corporate entity, enterprise or organization which is directly or indirectly (through one or more intermediaries) owned more than fifty percent (50%) by such Person or which shares of interests having
ordinary voting power (other than Equity Interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time
owned by such Person. 
 “Taxes” has the meaning given to such term in Section 3.7(a). 
 “Termination Event” means (a) the occurrence with respect to any ERISA Plan of (i) a reportable event described in
Section 4043(c)(5) or (6) of ERISA or (ii) any other reportable event described in Section 4043(c) of ERISA other than a reportable event not subject to the provision for 30-day notice to the Pension Benefit Guaranty Corporation
pursuant to a waiver by such corporation under Section 4043(a) or 4043(b)(4) of ERISA, or (b) the withdrawal of any ERISA Affiliate from an ERISA Plan during a plan year in which it was a “substantial employer” as defined in
Section 4001(a)(2) of ERISA, or (c) the filing of a notice of intent to terminate any ERISA Plan or the treatment of any ERISA Plan amendment as a termination under Section 4041(c) of ERISA, or (d) the institution of proceedings
to terminate any ERISA Plan by the Pension Benefit Guaranty Corporation under Section 4042 of ERISA, or (e) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the
appointment of a trustee to administer, any ERISA Plan. 
 “Threshold Amount” means $500,000. 
 “Tribunal” means any government, any arbitration panel, any court or any governmental department, commission, board, bureau, agency or
instrumentality of the United States of America or any state, province, commonwealth, nation, territory, possession, county, parish, town, township, village or municipality, whether now or hereafter constituted or existing. 
 “Type” means, with respect to any Loans, the characterization of such Loans as either Base Rate Loans or Libor Loans. 
  

 25 

 “UCC” means the Uniform Commercial Code in effect in the State of New York from time to
time. 
 “Voting Stock” of any specified Person as of any date means the Equity Interests of such Person that is at the time
entitled to vote in the election of the directors, managers or trustees, as applicable of such Person or that is convertible into such voting Equity Interests. 
 “Weighted Average Life to Maturity “ means, when applied to any Indebtedness at any date, the number of years obtained by dividing: 
 (www) the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other
required payments of principal, including payment at final maturity, in respect of the Indebtedness, by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by

 (xxx) the then outstanding principal amount of such Indebtedness. 
 Section 1.2. Exhibits and Schedules; Additional Definitions. All Exhibits and Schedules attached to this Agreement are a part hereof for all
purposes. Reference is hereby made to the Security Schedule for the meaning of certain terms defined therein and used but not defined herein, which definitions are incorporated herein by reference. 
 Section 1.3. Terms Generally; References and Titles. The definitions of terms herein shall apply equally to the singular and plural forms of
the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed
to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise (a) any definition
of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on
such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein,”
“hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections,
Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (e) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation
as amended, modified or supplemented from time to time and (f) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets
and properties, including cash, securities, accounts and contract rights. References to any document, instrument, or agreement (a) shall include all exhibits, schedules, and other attachments thereto, and (b) shall include all documents,
instruments, or agreements issued or executed in replacement thereof. Titles appearing at the beginning of any subdivisions are for convenience only and do not constitute any part of such subdivisions and shall be disregarded in construing the
language contained in such subdivisions. The phrases “this section” and “this subsection” and similar phrases refer 

  

 26 

 
only to the sections or subsections hereof in which such phrases occur. The word “or” is not exclusive. Accounting terms have the meanings assigned
to them by GAAP, as applied by the accounting entity to which they refer. References to “days” shall mean calendar days, unless the term “Business Day” is used. Unless otherwise specified, references herein to any particular
Person also refer to its successors and permitted assigns. 
 Section 1.4. Calculations and Determinations. All calculations
under the Loan Documents of interest chargeable with respect to Libor Loans and of fees shall be made on the basis of actual days elapsed (including the first day but excluding the last) and a year of 360 days. All other calculations of
interest made under the Loan Documents shall be made on the basis of actual days elapsed (including the first day but excluding the last) and a year of 360 days. Each determination by Lender of amounts to be paid under ARTICLE III or any matters
which are to be determined hereunder by Lender (such as any Libor Rate, Adjusted Libor Rate, Business Day or Interest Period) shall, in the absence of manifest error, be conclusive and binding. Unless otherwise expressly provided herein or unless
Lender otherwise consents all financial statements and reports furnished to Lender hereunder for periods ending after the date hereof shall be prepared and all financial computations and determinations pursuant hereto shall be made in accordance
with GAAP with respect to Parent or any New Parent, whichever is then the ultimate parent company, and its Subsidiaries on a Consolidated basis. 
 Section 1.5. Joint Preparation; Construction of Indemnities and Releases. This Agreement and the other Loan Documents have been reviewed and negotiated by sophisticated parties with access to legal counsel and no rule of
construction shall apply hereto or thereto which would require or allow any Loan Document to be construed against any party because of its role in drafting such Loan Document. All indemnification and release provisions of this Agreement shall be
construed broadly (and not narrowly) in favor of the Persons receiving indemnification or being released. 
 ARTICLE II - The Loans and
Letters of Credit 
 Section 2.1. Commitments to Lend; Note. Subject to the terms and conditions hereof, Lender agrees to
make loans to Borrower (herein called “Loans”) upon Borrower’s request from time to time during the Commitment Period, provided that (i) subject to Section 3.3, Section 3.4, and Section 3.6, Loans of the
same Type and as part of the same Borrowing, and (ii) after giving effect to such Loans, the Facility Usage does not exceed either the Borrowing Base then in effect or the Maximum Credit Amount taking into account all payments and reductions
required by Section 2.7. The obligation of Borrower to repay to Lender the aggregate amount of all Loans made by Lender, together with interest accruing in connection therewith, shall be evidenced by a single promissory note (herein called
“Note”) made by Borrower payable to the order of Lender in the form of Exhibit A with appropriate insertions. Subject to the terms and conditions hereof, Borrower may borrow, repay and reborrow hereunder. If at any time the
outstanding Loans exceeds either the Facility Usage or the Maximum Credit Amount as shown on any Borrowing Base Certificate or as indicated by Lender’s own records, Borrower shall, on the date of the delivery of such Borrowing Base Certificate
to Lender or on the date of notice from Lender as to Lender’s records, prepay on the Note such amount as may be necessary to eliminate such excess, plus all accrued but unpaid 

  

 27 

 
interest thereon. The amount of principal owing on the Note at any given time shall be the aggregate principal amount of all Loans theretofore made by Lender
minus all payments of principal theretofore received by Lender on the Note. Interest on the Note shall accrue and be due and payable as provided herein. The Note shall be due and payable as provided herein, and shall be due and payable in full on
the Maturity Date. The sums advanced under the Note shall be used for general corporate purposes, working capital and issuance of Letters of Credit. 
 Section 2.2. Requests for New Loans. Borrower must give to Lender written notice of any requested Borrowing of new Loans to be advanced by Lender. Each such notice constitutes a “Borrowing
Notice” hereunder and must: 
 (a) specify (i) the aggregate amount of any such Borrowing of new Base Rate Loans and the date on
which such Base Rate Loans are to be advanced, or (ii) the aggregate amount of any such Borrowing of new Libor Loans, the date on which such Libor Loans are to be advanced (which shall be the first day of the Interest Period which is to apply
thereto), and the length of the applicable Interest Period; and 
 (b) be received by Lender not later than 12:00 o’clock Noon, Houston,
Texas time, on (i) the day on which any such Base Rate Loans are to be made, or (ii) the third Business Day preceding the day on which any such Libor Loans are to be made. 
 Each such written request or confirmation must be made in the form and substance of the “Borrowing Notice” attached hereto as Exhibit B, duly
completed. 
 Section 2.3. Continuations and Conversions of Existing Loans. Borrower may make the following elections with
respect to Loans already outstanding: to convert Base Rate Loans to Libor Loans, to convert Libor Loans to Base Rate Loans on the last day of the Interest Period applicable thereto, and to continue Libor Loans beyond the expiration of such Interest
Period by designating a new Interest Period to take effect at the time of such expiration. In making such elections, Borrower may combine existing Loans made pursuant to separate Borrowings into one new Borrowing or divide existing Loans made
pursuant to one Borrowing into separate new Borrowings, provided that Borrower may have no more than five (5) Borrowings of Libor Loans outstanding at any time. To make any such election, Borrower must give to Lender written notice (or
telephonic notice promptly confirmed in writing) of any such Conversion or Continuation of existing Loans, with a separate notice given for each new Borrowing. Each such notice constitutes a “Continuation/Conversion Notice”
hereunder and must: 
 (a) specify the existing Loans which are to be Continued or Converted; 
 (b) specify (i) the aggregate amount of any Borrowing of Base Rate Loans into which such existing Loans are to be continued or converted and the
date on which such Continuation or Conversion is to occur, or (ii) the aggregate amount of any Borrowing of Libor Loans into which such existing Loans are to be continued or converted, the date on which such Continuation or Conversion is to
occur (which shall be the first day of the Interest Period which is to apply to such Libor Loans), and the length of the applicable Interest Period; and 
  

 28 

 (c) be received by Lender not later than 12 o’clock Noon, Houston, Texas time, on (i) the day
on which any such Continuation or Conversion to Base Rate Loans is to occur, or (ii) the third Business Day preceding the day on which any such Continuation or Conversion to Libor Loans is to occur. 
 Each such written request or confirmation must be made in the form and substance of the “Continuation/Conversion Notice” attached hereto as
Exhibit C, duly completed. Each such telephonic request shall be deemed a representation, warranty, acknowledgment and agreement by Borrower as to the matters which are required to be set out in such written confirmation. Each
Continuation/Conversion Notice shall be irrevocable and binding on Borrower. During the continuance of any Default, Borrower may not make any election to convert existing Loans into Libor Loans or continue existing Loans as Libor Loans. If (due to
the existence of a Default or for any other reason) Borrower fails to timely and properly give any Continuation/Conversion Notice with respect to a Borrowing of existing Libor Loans at least three days prior to the end of the Interest Period
applicable thereto, such Libor Loans shall automatically be converted into Base Rate Loans at the end of such Interest Period. No new funds shall be repaid by Borrower or advanced by Lender in connection with any Continuation or Conversion of
existing Loans pursuant to this section, and no such Continuation or Conversion shall be deemed to be a new advance of funds for any purpose; such Continuations and Conversions merely constitute a change in the interest rate applicable to already
outstanding Loans. 
 Section 2.4. Use of Proceeds. Borrower shall use all Loans in accordance with the uses specified in
Section 2.1, to refinance Matured LC Obligations, and provide working capital for its operations and for other general business purposes. Borrower shall use all Letters of Credit, including uses on behalf of other Restricted Persons, for its
general corporate purposes. In no event shall the funds from any Loan or any Letter of Credit be used directly or indirectly by any Person for personal, family, household or agricultural purposes or for the purpose, whether immediate, incidental or
ultimate, of purchasing, acquiring or carrying any “margin stock” (as such term is defined in Regulation U promulgated by the Board of Governors of the Federal Reserve System) or to extend credit to others directly or indirectly for the
purpose of purchasing or carrying any such margin stock. Borrower represents and warrants that Borrower is not engaged principally, or as one of Borrower’s important activities, in the business of extending credit to others for the purpose of
purchasing or carrying such margin stock. 
 Section 2.5. Interest Rates and Fees; Payment Dates; Retroactive Adjustments of
Applicable Interest Rates. 
 (a) Interest Rates. Subject to subsection (b) below, (i) each Base Rate Loan shall bear
interest on each day outstanding at the Adjusted Base Rate in effect on such day, and (ii) each Libor Loan shall bear interest on each day during the related Interest Period at the related Adjusted Libor Rate in effect on such day. 

(b) Default Rate. If an Event of Default shall have occurred and be continuing under Section 9.1(a), Section 9.1(b),
Section 9.1(j)(i), Section 9.1(j)(iii) or Section 9.1(j)(iv), all outstanding Loans shall bear interest at the applicable Default Rate. In addition, if an Event of Default shall have occurred and be continuing (other than under
Section 9.1(a), Section 9.1(b), 

  

 29 

 
Section 9.1(j)(i), Section 9.1(j)(iii) or Section 9.1(j)(iv)), Lender may, by notice to Borrower, elect to have the outstanding Loans bear
interest at the applicable Default Rate, whereupon such Loans shall bear interest at the applicable Default Rate until the earlier of (i) the first date thereafter upon which there shall be no Event of Default continuing and (ii) the date
upon which Lender shall have rescinded such notice. 
 (c) Commitment Fees. In consideration of Lender’s commitment to make
Loans, Borrower will pay to Lender a commitment fee determined on a daily basis by applying the Commitment Fee Rate to the unused portion of the Maximum Credit Amount on each day during the Commitment Period, determined for each such day by
deducting from the amount of the Maximum Credit Amount at the end of such day the Facility Usage. This commitment fee shall be due and payable in arrears on the last day of each Fiscal Quarter and at the end of the Commitment Period. 
 (d) Payment Dates. On each Interest Payment Date relating to Base Rate Loans, Borrower shall pay to Lender all unpaid interest which has accrued
on the Base Rate Loans to but not including such Interest Payment Date. On each Interest Payment Date relating to a Libor Loan, Borrower shall pay to Lender all unpaid interest which has accrued on such Libor Loan to but not including such Interest
Payment Date. 
 (e) Retroactive Adjustments of Applicable Interest Rates. If, as a result of any restatement of or other adjustment
to the financial statements of Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries or for any other reason, Borrower or Lender determines that (i) the Leverage Ratio as calculated by Parent
or any New Parent, whichever is then the ultimate parent company, as of any applicable date was inaccurate and (ii) a proper calculation of the Leverage Ratio would have resulted in higher pricing for such period, Borrower shall immediately and
retroactively be obligated to pay to Lender promptly on demand by Lender (or, after the occurrence of an actual or deemed entry of an order for relief with respect to Borrower under the Bankruptcy Code of the United States, automatically and without
further action by Lender), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period. This subsection shall not limit the rights of
Lender under this Section 2.5 or Section 2.10(a) or under ARTICLE IX. Borrower’s obligations under this subsection shall survive the termination of this Agreement and the other Loan Documents and the repayment of all other Obligations
hereunder. 
 Section 2.6. Optional Prepayments. Borrower may, (a) upon one Business Days’ notice to Lender with
respect to any Base Rate Loan and (b) upon three (3) Business Days’ notice to Lender with respect to any Libor Loan, from time to time and without premium or penalty pay amounts outstanding under the Loans, in whole or in part,
provided (i) that the aggregate amounts of all partial payments of principal on the Loans equals $250,000 or any higher integral multiple of $250,000, and (ii) that if Borrower pays any Libor Loan on any day other than the last day of the
Interest Period applicable thereto, it shall pay to Lender any amounts due under Section 3.5. Each payment of principal under this section shall be accompanied by all interest then accrued and unpaid on the principal so paid. Any principal or
interest paid pursuant to this section shall be in addition to, and not in lieu of, all payments otherwise required to be paid under the Loan Documents at the time of such payment. 
  

 30 

 Section 2.7. Repayment of Loans. 
 (a) Borrower shall repay the unpaid principal amount of all Loans on the Maturity Date. 
 (b) If at any time the Facility Usage exceeds the Maximum Credit Amount (whether due to a reduction in the Maximum Credit Amount in accordance with this
Agreement, or otherwise), Borrower shall immediately upon demand pay the principal of the Loans (and after all Loans are repaid in full, provide LC Collateral in accordance with Section 2.13(a)) in an amount at least equal to such excess.

 (c) If at any time the Facility Usage is less than the Maximum Credit Amount but in excess of the Borrowing Base (such excess being herein
called a “Borrowing Base Deficiency”), Borrower shall, within five (5) Business Days after Lender gives notice of such fact to Borrower, give notice to Lender electing to pay the principal of the Loans (and, if the Facility
Usage exceeds the Borrowing Base after all Loans are repaid in full, provide LC Collateral in accordance with Section 2.13(a)) in an aggregate amount sufficient to eliminate such Borrowing Base Deficiency (or, if the Facility Usage exceeds the
Borrowing Base after the Loans have been paid in full, pay to Lender LC Collateral as required under Section 2.13(a)), such payment to be made in full on or before the thirtieth day after such notice by Lender to Borrower of such Borrowing Base
Deficiency. Each payment of principal under this subsection shall be accompanied by all interest then accrued and unpaid on the principal so prepaid. Any principal or interest prepaid pursuant to this subsection shall be in addition to, and not in
lieu of, all payments otherwise required to be paid under the Loan Documents at the time of such payment. 
 Section 2.8. Letters of
Credit. Subject to the terms and conditions hereof, Borrower may at any time during the Commitment Period request Lender to issue, increase the amount of or otherwise amend or extend, one or more Letters of Credit, provided that, after taking
such Letter of Credit into account: 
 (a) the Facility Usage does not exceed the Borrowing Base at such time; 
 (b) the aggregate amount of LC Obligations at such time does not exceed the LC Sublimit; 
 (c) the expiration date of such Letter of Credit (as extended, if applicable) is prior to the Letter of Credit Termination Date; 
 (d) such Letter of Credit is to be used for general business purposes of a Restricted Person; 
 (e) such Letter of Credit is not directly or indirectly used to assure payment of or otherwise support any Indebtedness of any Person other than
Indebtedness of any Restricted Person; 
 (f) the issuance of such Letter of Credit will be in compliance with all applicable governmental
restrictions, policies, and guidelines and will not subject Lender to any cost which is not reimbursable under ARTICLE III; 
  

 31 

 (g) the form and terms of such Letter of Credit are acceptable to Lender in the reasonable exercise of
its discretion; and 
 (h) all other conditions in this Agreement to the issuance of such Letter of Credit have been satisfied. 

Lender will honor any such request if the foregoing conditions (a) through (h) (the “LC Conditions”) have been met as of the date of
issuance of such Letter of Credit. Lender may choose to honor any such request for any other Letter of Credit but has no obligation to do so and may refuse to issue any other requested Letter of Credit for any reason which Lender in its sole
discretion deems relevant. 
 Section 2.9. Requesting Letters of Credit. Borrower must make written application for any Letter of
Credit or amendment or extension of any Letter of Credit at least five (5) Business Days (or such shorter period as Lender may in its discretion from time to time agree) before the date on which Borrower desires for Lender to issue such Letter
of Credit. By making any such written application (unless otherwise expressly stated therein) Borrower shall be deemed to have represented and warranted that the LC Conditions described in Section 2.8 will be met as of the date of issuance of
such Letter of Credit. Each such written application for a Letter of Credit must be made in writing in the form customarily used by Lender, the terms and provisions of which are hereby incorporated herein by reference (or in such other form as may
mutually be agreed upon by Lender and Borrower). After the LC Conditions for a Letter of Credit have been met as described in Section 2.8 (or if Lender otherwise desires to issue such Letter of Credit earlier), Lender will issue such Letter of
Credit at Lender’s office in Houston, Texas. If any provisions of any LC Application conflict with any provisions of this Agreement, the provisions of this Agreement shall govern and control. Borrower shall promptly examine a copy of each
Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with Borrower’s instructions or other irregularity, Borrower will immediately notify Lender. 
 Section 2.10. Reimbursement and Participations. 
 (a) Reimbursement by Borrower. Each Matured LC Obligation shall constitute a loan by Lender to Borrower. Borrower promises to pay to Lender, or to Lender’s order, on demand, the full amount of each Matured
LC Obligation, together with interest thereon (i) at the rate applicable to Base Rate Loans to and including the first Business Day after such demand is made by Lender and (ii) at the Default Rate applicable to Base Rate Loans on each day
thereafter. The obligation of Borrower to reimburse Lender for each Matured LC Obligation shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (including any LC Application)
under all circumstances, including the following: (i) any lack of validity or enforceability of such Letter of Credit or any other agreement or instrument relating thereto; (ii) the existence of any claim, counterclaim, set-off, defense or
other right that Borrower may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), Lender or any other Person, whether in connection
with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; (iii) any draft, demand, certificate or 

  

 32 

 
other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being
untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; (iv) any payment by Lender under such Letter of Credit against
presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or (v) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing. Without limiting the generality
of the foregoing, it is expressly agreed that the absolute and unconditional nature of Borrower’s obligations under this section to reimburse Lender for each drawing under a Letter of Credit will not be excused by the gross negligence or
willful misconduct of Lender. However, the foregoing shall not be construed to excuse Lender from liability to Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by
Borrower to the extent permitted by applicable Law) suffered by Borrower that are caused by Lender’s gross negligence or willful misconduct in determining whether drafts and other documents presented under a Letter of Credit comply with the
terms thereof. 
 (b) Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment
thereunder then Borrower may, during the interval between the making thereof and the honoring thereof by Lender, request Lender to make Loans to Borrower in the amount of such draft or demand, which Loans shall be made concurrently with
Lender’s payment of such draft or demand and shall be immediately used by Lender to repay the amount of the resulting Matured LC Obligation. Such a request by Borrower shall be made in compliance with all of the provisions hereof, provided that
for the purposes of the first sentence of Section 2.1(a), the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered. 
 (c) Calculations. A written advice setting forth in reasonable detail the amounts owing under this section, submitted by Lender to Borrower from
time to time, shall be conclusive, absent manifest error, as to the amounts thereof. 
 Section 2.11. Letter of Credit Fees. In
consideration of Lender’s issuance of any Letter of Credit, Borrower agrees to pay to Lender a letter of credit issuance fee at a rate equal to Lender’s letter of credit fee rate then in effect (which shall be increased by one percent
(1%) per annum during any period in which interest on the Loans accrues at the Default Rate). Such fee shall be paid to Lender the last day of each quarter. 
 Section 2.12. No Duty to Inquire. 
 (a) Drafts and Demands. Lender is authorized and
instructed to accept and pay drafts and demands for payment under any Letter of Credit without requiring, and without responsibility for, any determination as to the existence of any event giving rise to said draft, either at the time of acceptance
or payment or thereafter. Lender is under no duty to determine the proper identity of anyone presenting such a draft or making such a demand (whether by tested telex or otherwise) as the officer, representative or agent of any beneficiary under any
Letter of Credit, and payment by Lender to any such beneficiary when requested by any such purported officer, representative or agent is hereby authorized and approved. Borrower releases Lender from, and agrees to hold Lender harmless and
indemnified against, any liability or claim 

  

 33 

 
in connection with or arising out of the subject matter of this section, which indemnity shall apply whether or not any such liability or claim is in any way
or to any extent caused, in whole or in part, by any negligent act or omission of any kind by Lender, provided only that Lender shall not be released from or entitled to indemnification for that portion, if any, of any liability or claim which is
proximately caused by or results from its own individual gross negligence or willful misconduct, as determined in a final judgment. 
 (b)
Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter
of Credit is made at the request of any Restricted Person, or if the amount of any Letter of Credit is increased at the request of any Restricted Person, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of
Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by Lender or Lender’s correspondents in accordance with such extension, increase or other
modification. 
 (c) Transferees of Letters of Credit. If any Letter of Credit provides that it is transferable, Lender shall have no
duty to determine the proper identity of anyone appearing as transferee of such Letter of Credit, nor shall Lender be charged with responsibility of any nature or character for the validity or correctness of any transfer or successive transfers, and
payment by Lender to any purported transferee or transferees as determined by Lender is hereby authorized and approved, and Borrower releases Lender from, and agrees to hold Lender harmless and indemnified against, any liability or claim in
connection with or arising out of the foregoing, which indemnity shall apply whether or not any such liability or claim is in any way or to any extent caused, in whole or in part, by any negligent act or omission of any kind by Lender, provided only
that Lender shall not be released from or entitled to indemnification for that portion, if any, of any liability or claim which is proximately caused by or results from its own individual gross negligence or willful misconduct, as determined in a
final judgment. 
 Section 2.13. LC Collateral. 
 (a) LC Obligations in Excess of Borrowing Base. If, after the making of all mandatory prepayments required under Section 2.7, the outstanding LC Obligations will exceed the Borrowing Base, then in addition
to prepayment of the entire principal balance of the Loans required under Section 2.7. Borrower will immediately pay to Lender an amount equal to such excess. Lender will hold such amount as security for the remaining LC Obligations (all such
amounts held as security for LC Obligations being herein collectively called “LC Collateral”) and the other Obligations, and such collateral may be applied from time to time to any Matured LC Obligations or other Obligations which
are due and payable. Neither this subsection nor the following subsection shall, however, limit or impair any rights which Lender may have under any other document or agreement relating to any Letter of Credit, LC Collateral or LC Obligation,
including any LC Application, or any rights which Lender may have to otherwise apply any payments by Borrower and any LC Collateral under Section 3.1. 
 (b) Acceleration of LC Obligations. If the Obligations or any part thereof become immediately due and payable pursuant to Section 9.1 then, unless Lender otherwise specifically elects to the contrary
(which election may thereafter be retracted by Lender at any time), all LC 

  

 34 

 
Obligations shall become immediately due and payable without regard to whether or not actual drawings or payments on the Letters of Credit have occurred, and
Borrower shall be obligated to pay to Lender immediately an amount equal to the aggregate LC Obligations which are then outstanding, which amount shall be held by Lender as LC Collateral securing the remaining LC Obligations and the other
Obligations, and such LC Collateral may be applied from time to time to any Matured LC Obligations or any other Obligations which are due and payable. 
 (c) Investment of LC Collateral. Pending application thereof, all LC Collateral shall be invested by Lender in such Investments described in clause (d) of the definition of Cash Equivalents as Lender may
choose in its sole discretion. All interest on (and other proceeds of) such Cash equivalents (other than Investments) shall be reinvested or applied to Matured LC Obligations or other Obligations which are due and payable. When all Obligations have
been satisfied in full, including all LC Obligations, all Letters of Credit have expired or been terminated, and all of Borrower’s reimbursement obligations in connection therewith have been satisfied in full, Lender shall release any remaining
LC Collateral. Borrower hereby assigns and grants to Lender a continuing security interest in all LC Collateral paid by it to Lender, all Investments purchased with such LC Collateral, and all proceeds thereof to secure its Matured LC Obligations
and its Obligations under this Agreement, the Note, and the other Loan Documents, and Borrower agrees that such LC Collateral, Investments and proceeds shall be subject to all of the terms and conditions of the Security Documents. Borrower further
agrees that Lender shall have all of the rights and remedies of a secured party under the UCC as adopted in the State of New York with respect to such security interest and that an Event of Default under this Agreement shall constitute a default for
purposes of such security interest. 
 (d) Payment of LC Collateral. When Borrower is required to provide LC Collateral for any reason
and fails to do so on the day when required, Lender may without prior notice to Borrower or any other Restricted Person provide such LC Collateral (whether by application of proceeds of other Collateral, by transfers from other accounts maintained
with Lender, or otherwise) using any available funds of Borrower or any other Restricted Person also liable to make such payments, and Lender will give notice thereof to Borrower or such other Restricted Person, as the case may be, promptly after
such application or transfer; provided, however, the failure to give such notice shall not affect the validity of such application or transfer. Any such amounts which are required to be provided as LC Collateral and which are not provided on
the date required shall, for purposes of each Security Document, be considered past due Obligations owing hereunder, and Lender is hereby authorized to exercise its respective rights under each Security Document to obtain such amounts. 

ARTICLE III - Payments to Lender 
 Section 3.1. General Procedures. Borrower will make each payment which it owes under the Loan Documents to Lender, in lawful money of the United States of America, without set-off, deduction or counterclaim, and in immediately
available funds. Each such payment must be received by Lender not later than 12 o’clock Noon, Houston, Texas time, on the date such payment becomes due and payable. Any payment received by Lender after such time will be deemed to have been made
on the next following Business Day. Should any such payment become due and payable on a day other than a Business Day, the maturity of such 

  

 35 

 
payment shall be extended to the next succeeding Business Day, and, in the case of a payment of principal or past due interest, interest shall accrue and be
payable thereon for the period of such extension as provided in the Loan Document under which such payment is due. Each payment under a Loan Document shall be due and payable at the place set forth for Lender on the Lender Schedule. When Lender
collects or receives money on account of the Obligations, Lender shall distribute all money so collected or received, and Lender shall apply all such money so distributed, as follows (except as otherwise provided in Section 9.3): 
 (a) first, for the payment of all Obligations which are then due (and if such money is insufficient to pay all such Obligations, first to any
reimbursements due to Lender under Section 10.4 and then to the partial payment of all other Obligations then due in proportion to the amounts thereof, or as Lender shall otherwise agree); 
 (b) then for the prepayment of amounts owing under the Loan Documents (other than principal of the Loans) if so specified by Borrower; 
 (c) then for the prepayment of principal of the Loans, together with accrued and unpaid interest on the principal so prepaid; and 
 (d) last, for the payment or prepayment of any other Obligations. 
 All payments applied to principal or interest on the Note shall be applied first to any interest then due and payable, then to principal then due and payable, and last to any prepayment of principal and interest in compliance with
Section 2.6 and Section 2.7. 
 Section 3.2. Capital Reimbursement. If either (a) the introduction or
implementation of or the compliance with or any change in or in the interpretation of any Law, or (b) the introduction or implementation of or the compliance with any request, directive or guideline from any central bank or other Governmental
Authority (whether or not having the force of Law) affects or would affect the amount of capital required or expected to be maintained by Lender or any corporation controlling Lender, then, upon demand by Lender, Borrower will pay to Lender, from
time to time as specified by Lender, such additional amount or amounts which Lender shall determine to be appropriate to compensate Lender or any corporation controlling Lender in light of such circumstances, to the extent that Lender reasonably
determines that the amount of any such capital would be increased or the rate of return on any such capital would be reduced by or in whole or in part based on the existence of the face amount of Lender’s Loans or commitments under this
Agreement. 
 Section 3.3. Increased Cost of Libor Loans. If any applicable Law (whether now in effect or hereinafter enacted or
promulgated, including Regulation D) or any interpretation or administration thereof by any Governmental Authority charged with the interpretation or administration thereof (whether or not having the force of Law): 
 (a) shall change the basis of taxation of payments to Lender of any principal, interest, or other amounts attributable to any Libor Loan or otherwise due
under this Agreement in respect of any Libor Loan (other than taxes imposed on the overall net income of Lender or the Lending Office of Lender by any jurisdiction in which Lender or the Lending Office is located); or 
  

 36 

 (b) shall change, impose, modify, apply or deem applicable any reserve, special deposit or similar
requirements in respect of any Libor Loan (excluding those for which Lender is fully compensated pursuant to adjustments made in the definition of Libor Rate) or against assets of, deposits with or for the account of, or credit extended by, Lender;
or 
 (c) shall impose on Lender or the interbank eurocurrency deposit market any other condition affecting any Libor Loan, the result of
which is to increase the cost to Lender of funding or maintaining any Libor Loan or to reduce the amount of any sum receivable by Lender in respect of any Libor Loan by an amount deemed by Lender to be material, 
 then Lender shall promptly notify Borrower in writing of the happening of such event and of the amount required to compensate Lender for such event (on an after-tax
basis, taking into account any taxes on such compensation), whereupon (i) Borrower shall pay such amount to Lender and (ii) Borrower may elect, by giving to Lender not less than three Business Days’ notice, to convert all (but not
less than all) of any such Libor Loans into Base Rate Loans. 
 Section 3.4. Availability. If (a) any change in applicable
Laws, or in the interpretation or administration thereof of or in any jurisdiction whatsoever, domestic or foreign, shall make it unlawful or impracticable for Lender to fund or maintain Libor Loans, or shall materially restrict the authority of
Lender to purchase or take offshore deposits of dollars (i.e., “eurodollars”), or (b) Lender determines that matching deposits appropriate to fund or maintain any Libor Loan are not available to it, or (c) Lender determines that
the formula for calculating the Libor Rate does not fairly reflect the cost to Lender of making or maintaining loans based on such rate, then, upon notice by Lender to Borrower, Borrower’s right to elect Libor Loans from Lender shall be
suspended to the extent and for the duration of such illegality, impracticability or restriction and all Libor Loans of Lender which are then outstanding or are then the subject of any Borrowing Notice and which cannot lawfully or practicably be
maintained or funded shall immediately become or remain, or shall be funded as, Base Rate Loans of Lender. Borrower agrees to indemnify Lender and hold it harmless against all reasonable costs, expenses, claims, penalties, liabilities and damages
which may result from any such change in Law, interpretation or administration. Such indemnification shall be on an after-tax basis, taking into account any taxes imposed on the amounts paid as indemnity. 
 Section 3.5. Funding Losses. In addition to its other obligations hereunder, Borrower will indemnify Lender against, and reimburse Lender on
demand for, any loss or expense incurred or sustained by Lender (including any loss or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by a Lender to fund or maintain Libor Loans), as a result of
(a) any payment or prepayment (whether authorized or required hereunder or otherwise) of all or a portion of a Libor Loan on a day other than the day on which the applicable Interest Period ends, (b) any payment or prepayment, whether
required hereunder or otherwise, of a Loan made after the delivery, but before the effective date, of a Continuation/Conversion Notice, if such payment or prepayment prevents such Continuation/Conversion Notice from becoming fully effective,
(c) the failure of any Loan to be made or of any Continuation/Conversion Notice to become effective due to any condition precedent not being satisfied or due to any other action or inaction of any Restricted Person, or (d) any Conversion
(whether authorized or required hereunder or otherwise) of all or any portion of any Libor Loan into a Base Rate Loan or into a different Libor Loan on a day other than the day on which the applicable Interest Period ends. Such indemnification shall
be on an after-tax basis, taking into account any taxes imposed on the amounts paid as indemnity. 
  

 37 

 Section 3.6. Reimbursable Taxes. Borrower covenants and agrees that: 
 (a) Borrower will indemnify Lender against and reimburse Lender for all present and future income, stamp and other taxes, levies, costs and charges
whatsoever imposed, assessed, levied or collected on or in respect of this Agreement or any Libor Loans (whether or not legally or correctly imposed, assessed, levied or collected), excluding, however, any taxes imposed on or measured by the overall
gross or net income of Lender, franchise or margin tax or the Lending Office of Lender by any jurisdiction in which Lender or the Lending Office is located (all such non-excluded taxes, levies, costs and charges being collectively called
“Reimbursable Taxes” in this section). Such indemnification shall be on an after-tax basis, taking into account any taxes imposed on the amounts paid as indemnity. 
 (b) All payments on account of the principal of, and interest on, Lender’s Loans and Note, and all other amounts payable by Borrower to Lender
hereunder, shall be made in full without set-off or counterclaim and shall be made free and clear of and without deductions or withholdings of any nature by reason of any Reimbursable Taxes, all of which will be for the account of Borrower. In the
event of Borrower being compelled by Law to make any such deduction or withholding from any payment to Lender, Borrower shall pay on the due date of such payment, by way of additional interest, such additional amounts as are needed to cause the
amount receivable by Lender after such deduction or withholding to equal the amount which would have been receivable in the absence of such deduction or withholding. If Borrower should make any deduction or withholding as aforesaid, Borrower shall
within 60 days thereafter forward to Lender an official receipt or other official document evidencing payment of such deduction or withholding. 
 (c) If Borrower is ever required to pay any Reimbursable Tax with respect to any Libor Loan, Borrower may elect, by giving to Lender not less than three Business Days’ notice, to convert all (but not less than all) of any such Libor
Loan into a Base Rate Loan, but such election shall not diminish Borrower’s obligation to pay all Reimbursable Taxes. 
 (d)
Notwithstanding the foregoing provisions of this section, Borrower shall be entitled, to the extent it is required to do so by Law, to deduct or withhold (and not to make any indemnification or reimbursement for) income or other similar taxes
imposed by the United States of America (other than any portion thereof attributable to a change in federal income tax Laws effected after the date hereof) from interest, fees or other amounts payable hereunder for the account of Lender. 

Section 3.7. Taxes. 
 (a) Any
and all payments by Borrower to or for the account of Lender hereunder or under any other Loan Document shall be made free and clear of and without deduction for any and all present or future taxes, duties, levies, imposts, deductions, charges or
withholdings, and all liabilities with respect thereto, excluding, in the case of Lender, taxes imposed on its gross or net income, and franchise or margin taxes imposed on it, by the jurisdiction under the Laws of 

  

 38 

 
which Lender is organized or any political subdivision thereof (all such non-excluded taxes, duties, levies, imposts, deductions, charges, withholdings, and
liabilities being hereinafter referred to as “Taxes”). If Borrower shall be required by Law to deduct any Taxes from or in respect of any sum payable under this Agreement or any other Loan Document to Lender, (i) the sum
payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this section) Lender receives an amount equal to the sum it would have received had no such
deductions been made, (ii) Borrower shall make such deductions, and (iii) Borrower shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable Law. 
 (b) In addition, Borrower agrees to pay any and all present or future stamp or documentary taxes and any other excise or property taxes or charges or
similar levies which arise from any payment made under this Agreement or any other Loan Document or from the execution or delivery of, or otherwise with respect to, this Agreement or any other Loan Document (hereinafter referred to as “Other
Taxes”). 
 (c) Borrower agrees to indemnify Lender for the full amount of Taxes and Other Taxes (including, without limitation, any
Taxes or Other Taxes imposed or asserted by any jurisdiction on amounts payable under this section) paid by Lender (as the case may be) and any liability (including penalties, interest, and expenses) arising therefrom or with respect thereto.

 (d) Without prejudice to the survival of any other agreement of Borrower hereunder, the agreements and obligations of Borrower contained
in this section shall survive the termination of the Commitment Period and the payment in full of the Note. 
 Section 3.8. Time
Limited. Notwithstanding anything to the contrary contained in Sections 3.2, 3.4 and 3.5, no Borrower shall be required to reimburse or pay any costs or expenses to Lender as required by such sections which have accrued more than 120 days prior
to Lender’s giving notice to Borrowers that Lender has suffered or incurred such costs or expenses. 
 ARTICLE IV - Conditions
Precedent to Lending 
 Section 4.1. Documents to be Delivered. Lender has no obligation to make its first Loan or to issue
the first Letter of Credit, unless Lender shall have received all of the following, duly executed and delivered (as appropriate) and in form, substance and date satisfactory to Lender: 
 (a) This Agreement and any other documents that Lender is to execute in connection herewith. 
 (b) The Note. 
 (c) Each Security Document
described in the Security Schedule. 
 (d) The Intercreditor Agreement. 
  

 39 

 (e) Certain certificates of Borrower including: 
 (i) A Certificate of a Responsible Officer of Borrower, which shall contain the names and signatures of the officers of Borrower
authorized to execute Loan Documents and which shall certify to the truth, correctness and completeness of the following exhibits attached thereto: (1) a copy of resolutions duly adopted by the Board of Directors of Borrower and in full force
and effect at the time this Agreement is entered into, authorizing the execution of this Agreement and the other Loan Documents delivered or to be delivered in connection herewith and the consummation of the transactions contemplated herein and
therein, (2) a copy of the charter documents of Borrower and all amendments thereto, certified by the appropriate official of Borrower’s state of organization, and (3) a copy of any bylaws of Borrower; 
 (ii) A “Compliance Certificate” of a Responsible Officer of Borrower, of even date with such Loan or such Letter of Credit, in
which such Responsible Officer certifies to the satisfaction of the conditions set out in subsections (a), (b), (c) and (e) of Section 4.2; 
 (iii) A “Perfection Certificate” in the form of Exhibit F; and 
 (iv) A Borrowing
Base Certificate. 
 (f) Certificate (or certificates) of the due formation, valid existence and good standing of Borrower in its state of
organization, issued by the appropriate authorities of such jurisdiction, and certificates of Borrower’s good standing and due qualification to do business, issued by appropriate officials in any states in which Borrower owns property subject
to Security Documents. 
 (g) Documents similar to those specified in subsections (e)(i) and (f) of this section with respect to each
Guarantor and the execution by it of its guaranty of Borrower’s Obligations. 
 (h) A favorable opinion of Winstead PC, Parent’s,
Borrowers’ and Guarantors’ counsel. 
 (i) The Initial Financial Statements. 
 (j) A certificate by a Responsible Officer of Borrower, certifying the Initial Financial Statements delivered pursuant to clause (i) above are
correct and complete in all material respects as of the date hereof. 
 (k) Certificates or binders evidencing Restricted Persons’
insurance in effect on the date hereof. 
 (l) A certificate by a Responsible Officer of parent certifying that the Senior Secured Notes
Offering has occurred. 
 (m) Payment of all commitment, facility, agency and other fees required to be paid to Lender pursuant to any Loan
Documents or any commitment agreement heretofore entered into. 
  

 40 

 (n) Borrower shall have delivered to Lender a certificate certifying that the documents attached thereto
are true and correct copies of all material agreements then existing between a Restricted Person and another Restricted Person or between a Restricted Person and any Affiliate of any Restricted Person, including all waivers, supplements or
amendments thereto, in each case, in the form existing on the Closing Date, and the terms thereof shall be reasonably satisfactory to Lender in form and substance. 
 (o) Borrower shall have paid all fees required to be paid on or before the Closing Date to Lender pursuant to any Loan Document or any commitment agreement heretofore entered into. 
 (p) All documents and instruments which Lender has then reasonably requested, in addition to those described in this Section 4.1. All such
additional documents and instruments shall be reasonably satisfactory to Lender in form, substance and date. 
 Section 4.2.
Additional Conditions Precedent. Lender has no obligation to make any Loan (including its first) or issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied: 
 (a) All representations and warranties made by any Restricted Person in any Loan Document shall be true and correct in all material respects on and as of
the date of such Loan or the date of issuance of such Letter of Credit as if such representations and warranties had been made as of the date of such Loan or the date of issuance of such Letter of Credit, except to the extent that such
representation or warranty was made as of a specific date or updated, modified or supplemented as of a subsequent date with the consent of Lender, in which cases such representations and warranties shall have been true and correct in all material
respects on and of such earlier date. 
 (b) No Default shall exist at the date of such Loan or the date of issuance of such Letter of
Credit. 
 (c) Each Restricted Person shall have performed and complied with all agreements and conditions required in the Loan Documents to
be performed or complied with by it on or prior to the date of such Loan or the date of issuance of such Letter of Credit. 
 (d) The making
of such Loan or the issuance of such Letter of Credit shall not be prohibited by any Law and shall not subject Lender to any penalty or other onerous condition under or pursuant to any such Law. 
 (e) No Material Adverse Change shall have occurred to, and no event or circumstance shall have occurred that could reasonably be expected to cause a
Material Adverse Change to, Borrower’s combined financial condition or businesses since the date of the Initial Financial Statements. 
 (f) Lender shall have received all documents and instruments which Lender has then requested, in addition to those described in Section 4.1 (including opinions of legal counsel for Restricted Persons; corporate documents and records;
documents evidencing governmental authorizations, consents, approvals, licenses and exemptions; and certificates of public officials 

  

 41 

 
and of officers and representatives of Borrower and other Persons), as to (i) the accuracy and validity of or compliance with all representations,
warranties and covenants made by any Restricted Person in this Agreement and the other Loan Documents, (ii) the satisfaction of all conditions contained herein or therein, and (iii) all other matters pertaining hereto and thereto. All such
additional documents and instruments shall be satisfactory to Lender in form, substance and date. 
 ARTICLE V - Representations and
Warranties 
 To confirm Lender’s understanding concerning Restricted Persons and Restricted Persons’ businesses, properties
and obligations and to induce Lender to enter into this Agreement and to extend credit hereunder, each of Parent and Borrower represent and warrant to Lender that: 
 Section 5.1. No Default. No Restricted Person is in default in the performance of any of its covenants and agreements contained in any Loan Document. No event has occurred and is continuing which
constitutes a Default. 
 Section 5.2. Organization and Good Standing. Each Restricted Person is duly organized or formed,
validly existing and in good standing under the Laws of its jurisdiction of organization or formation, having all requisite corporate or similar powers required to carry on its business and enter into and carry out the transactions contemplated
hereby. Each Restricted Person is duly qualified, in good standing, and authorized to do business in all other jurisdictions wherein the character of the properties owned or held by it or the nature of the business transacted by it makes such
qualification necessary except where the failure to so qualify would not reasonably be expected to cause a Material Adverse Change. If applicable, each Restricted Person has taken all actions and procedures customarily taken in order to enter, for
the purpose of conducting business or owning property, each jurisdiction outside the United States wherein the character of the properties owned or held by it or the nature of the business transacted by it makes such actions and procedures
desirable. 
 Section 5.3. Authorization. Each Restricted Person has duly taken all action necessary to authorize the execution
and delivery by it of the Loan Documents to which it is a party and to authorize the consummation of the transactions contemplated thereby and the performance of its obligations thereunder. Borrower is duly authorized to borrow funds hereunder.

 Section 5.4. No Conflicts or Consents. The execution and delivery by the various Restricted Persons of the Loan Documents to
which each is a party, the performance by each of its obligations under such Loan Documents, and the consummation of the transactions contemplated by the various Loan Documents, do not and will not (a) conflict with, violate or result in a
breach of any provision of (i) any Law, (ii) the organizational documents of any Restricted Person, or (iii) any material agreement, judgment, license, order or permit applicable to or binding upon any Restricted Person,
(b) result in the acceleration of any Indebtedness owed by any Restricted Person, or (c) result in or require the creation of any Lien upon any assets or properties of any Restricted Person except as expressly contemplated or permitted in
the Loan Documents. Except (i) as expressly contemplated in the Loan Documents and (ii) such as have 

  

 42 

 
been obtained or made and are in full force and effect, no permit, consent, approval, authorization or order of, and no notice to or filing with, any
Tribunal or third party is required on the part of or in respect of a Restricted Person in connection with the execution, delivery or performance by any Restricted Person of any Loan Document or to consummate any transactions contemplated by the
Loan Documents. 
 Section 5.5. Enforceable Obligations. This Agreement is, and the other Loan Documents when duly executed and
delivered will be, legal, valid and binding obligations of each Restricted Person which is a party hereto or thereto, enforceable against such Restricted Person in accordance with their respective terms except as such enforcement may be limited by
bankruptcy, insolvency, moratorium, fraudulent transfer, fraudulent conveyance or similar Laws of general application relating to the enforcement of creditors’ rights. 
 Section 5.6. Initial Financial Statements. Borrower has heretofore delivered to Lender copies of the Initial Financial Statements which are
complete and correct in all material respects. The Initial Financial Statements fairly present Borrower’s combined financial position at the respective dates thereof and the combined results of operations and combined cash flows for the periods
then ended. Since the date of the Initial Financial Statements no Material Adverse Change has occurred, except as reflected in Section 5.6 of the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

 Section 5.7. Other Obligations and Restrictions. No Restricted Person has any outstanding Liabilities of any kind (including
contingent obligations, tax assessments, and unusual forward or long-term commitments) which are, in the aggregate, material to Borrower or material with respect to Borrower’s Consolidated financial condition and not shown in the Initial
Financial Statements or disclosed in Section 5.7 of the Disclosure Schedule or otherwise permitted under Section 7.1. Except as shown in the Initial Financial Statements or disclosed in Section 5.7 of the Disclosure Schedule, no
Restricted Person is subject to or restricted by any franchise, contract, deed, charter restriction, or other instrument or restriction which could reasonably be expected to cause a Material Adverse Change. 
 Section 5.8. Full Disclosure. No certificate, statement or other information delivered herewith or heretofore by any Restricted Person to
Lender in connection with the negotiation of this Agreement or in connection with any transaction contemplated hereby when taken together with all other disclosures made in or in connection with the Loan Documents contains any untrue statement of a
material fact or omits to state any material fact known to any Restricted Person (other than industry-wide risks normally associated with the types of businesses conducted by Restricted Persons) necessary to make the statements contained herein or
therein collectively not misleading as of the date made or deemed made. There is no fact known to any Restricted Person (other than industry-wide risks normally associated with the types of businesses conducted by Restricted Persons) that has not
been disclosed to Lender in writing which could cause a Material Adverse Change. 
 Section 5.9. Litigation. Except as disclosed
in the Initial Financial Statements or in Section 5.9 of the Disclosure Schedule: (a) there are no actions, suits or legal, equitable, arbitrative or administrative proceedings pending before a Tribunal, or to the knowledge of any
Restricted Person threatened, against any Restricted Person or affecting any 

  

 43 

 
Collateral before any Tribunal which could cause a Material Adverse Change, and (b) there are no outstanding judgments, injunctions, writs, rulings or
orders by any such Tribunal against any Restricted Person or any Restricted Person’s stockholders, partners, members, directors or officers or affecting any Collateral or any of its material assets or property which could cause a Material
Adverse Change. 
 Section 5.10. Labor Disputes and Acts of God. Except as disclosed in Section 5.10 of the Disclosure
Schedule, neither the business nor the properties of any Restricted Person has been affected by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or
other casualty (whether or not covered by insurance), which could cause a Material Adverse Change. 
 Section 5.11. ERISA Plans and
Liabilities. All currently existing ERISA Plans are listed in Section 5.11 of the Disclosure Schedule. Except as disclosed in the Initial Financial Statements or in Section 5.11 of the Disclosure Schedule, no Termination Event has
occurred with respect to any ERISA Plan and, with respect to each ERISA Plan, all ERISA Affiliates are in compliance with ERISA in all material respects. No ERISA Affiliate is required to contribute to, or has any other absolute or contingent
liability in respect of, any “multiemployer plan” as defined in Section 4001 of ERISA. Except as set forth in Section 5.11 of the Disclosure Schedule: (a) no “accumulated funding deficiency” (as defined in
Section 412(a) of the Internal Revenue Code) exists with respect to any ERISA Plan, whether or not waived by the Secretary of the Treasury or his delegate, and (b) the current value of each ERISA Plan’s benefits does not exceed the
current value of such ERISA Plan’s assets available for the payment of such benefits by more than the Threshold Amount. 
 Section 5.12. Environmental and Other Laws. Except as disclosed in Section 5.12 of the Disclosure Schedule: (a) Restricted Persons are conducting their businesses in material compliance with all applicable Laws,
including Environmental Laws, and have and are in compliance with all licenses and permits required under any such Laws; (b) none of the operations or properties of any Restricted Person is the subject of federal, state or local investigation
evaluating whether any material remedial action is needed to respond to a release of any Hazardous Materials into the environment or to the improper storage or disposal (including storage or disposal at offsite locations) of any Hazardous Materials;
(c) no Restricted Person (and to the best knowledge of Borrower, no other Person) has filed any notice under any Law indicating that any Restricted Person is responsible for the improper release into the environment, or the improper storage or
disposal, of any material amount of any Hazardous Materials or that any Hazardous Materials have been improperly released, or are improperly stored or disposed of, upon any property of any Restricted Person; (d) no Restricted Person has
transported or arranged for the transportation of any Hazardous Material to any location which is (i) listed on the National Priorities List under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended,
listed for possible inclusion on such National Priorities List by the Environmental Protection Agency in its Comprehensive Environmental Response, Compensation and Liability Information System List, or listed on any similar state list or
(ii) the subject of federal, state or local enforcement actions or other investigations which may lead to claims against any Restricted Person for clean-up costs, remedial work, damages to natural resources or for personal injury claims
(whether under Environmental Laws or otherwise); and (e) no Restricted Person otherwise has any known 

  

 44 

 
material contingent liability under any Environmental Laws or in connection with the release into the environment, or the storage or disposal, of any
Hazardous Materials. Each Restricted Person undertook, at the time of its acquisition of each of its material properties, all appropriate inquiry into the previous ownership and uses of the Property and any potential environmental liabilities
associated therewith. 
 Section 5.13. Names and Places of Business. No Restricted Person has, during the five (5) years
preceding the Closing Date, been known by, or used any other trade or fictitious name, except as disclosed in Section 5.13 of the Disclosure Schedule or been organized in a jurisdiction other than its jurisdiction of organization as of the date
hereof. 
 Section 5.14. Subsidiaries. As of the Closing Date, (i) Parent does not have any Subsidiary except those listed
in Section 5.14 of the Disclosure Schedule or disclosed to Lender in writing and (ii) no Restricted Person has any equity investments in any other Person except those listed in Section 5.14 of the Disclosure Schedule and Permitted
Investments. Parent owns, directly or indirectly, the Equity Interests in each of its Subsidiaries which is indicated in Section 5.14 of the Disclosure Schedule or as disclosed to Lender in writing. 
 Section 5.15. Government Regulation. Neither Borrower nor any other Restricted Person owing Obligations is (a) an “investment
company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, or (b) subject to regulation under the Federal Power Act, as amended, or any other Law
which regulates the incurring by such Person of Indebtedness, including Laws relating to common contract carriers or the sale of electricity, gas, steam, water or other public utility services. 
 Section 5.16. Insider. No Restricted Person, nor any Person having “control” (as that term is defined in 12 U.S.C. § 375b(9)
or in regulations promulgated pursuant thereto) of any Restricted Person, is a “director” or an “executive officer” or “principal shareholder” (as those terms are defined in 12 U.S.C. § 375b(8) or (9) or in
regulations promulgated pursuant thereto) of Lender, of a bank holding company of which Lender is a Subsidiary or of any Subsidiary of a bank holding company of which Lender is a Subsidiary. 
 Section 5.17. Solvency. Upon giving effect to the making of the Loans, the execution and delivery of the Loan Documents by Borrower and each
Guarantor and the consummation of the transactions contemplated hereby, (a) Borrower and each Guarantor will not be insolvent (as such term is defined in the United States Bankruptcy Code, Title 11 U.S.C., as amended (the
“Code”), and with all terms used in this Section that are defined in the Code having the meanings ascribed to those terms in the text and interpretive case law applicable to the Code), (b) the sum of Borrower’s and each
Guarantor’s respective debts, including absolute and contingent liabilities, the Obligations or guarantees thereof, shall not exceed the value of such Restricted Person’s respective assets, at a fair valuation, and (c) Borrower’s
and each Guarantor’s capital is not unreasonably small for the business in which such Restricted Person is engaged and intends to be engaged. Neither Borrower nor any Restricted Person has incurred (whether under the Loan Documents or
otherwise), nor does any Restricted Person intend to incur or believe that it will incur, debts which will be beyond its ability to pay as such debts mature. 
  

 45 

 Section 5.18. Title to Properties; Intellectual Property. Each Restricted Person has good and
defensible title to all of the Collateral and to all of its material properties and assets, free and clear of all Liens, encumbrances, or adverse claims other than Permitted Liens and in each case free and clear of all impediments to the use of such
properties and assets in such Restricted Person’s business. Each Restricted Person possesses all licenses or otherwise has valid rights to use all patents, copyrights, trademarks and trade names, and other intellectual property (or otherwise
possesses the right to use such intellectual property without violation of the rights of any other Person) which are necessary to carry out its business as presently conducted and as presently proposed to be conducted hereafter, and no Restricted
Person is in violation in any material respect of the terms under which it possesses such intellectual property or the right to use such intellectual property. 
 Section 5.19. Taxes. Borrower has filed all United States Federal information returns and each Restricted Person has filed all other material tax returns that are required to be filed by it and have paid
all Taxes due pursuant to such returns or pursuant to any assessment received by any Restricted Person and all other penalties or charges. The charges, accruals and revenues on the books of each Restricted Person in respect of Taxes are, in the
opinion of Borrower, adequate. No Restricted Person has given or been requested to give a waiver of the statute of limitations relating to the payment of any federal or other Taxes. Borrower and Parent are Flow Through Entities not subject to income
taxes at the entity level. 
 ARTICLE VI - Affirmative Covenants 
 To conform with the terms and conditions under which Lender is willing to have credit outstanding to Borrower, and to induce Lender to enter into this
Agreement and extend credit hereunder, each of Parent and Borrower warrants, covenants and agrees that until the full and final payment of the Obligations and the termination of this Agreement (as determined without regard to unasserted indemnity
claims), unless Lender has previously agreed otherwise: 
 Section 6.1. Payment and Performance. Each Restricted Person will pay
all amounts due under the Loan Documents, to which it is a party, in accordance with the terms thereof and will observe, perform and comply with every covenant, term and condition set forth in the Loan Documents to which it is a party. Parent will
cause each other Restricted Person to observe, perform and comply with every such term, covenant and condition in any Loan Document. 
 Section 6.2. Books, Financial Statements and Reports. Each Restricted Person will at all times maintain full and accurate books of account and records. Parent or any New Parent, whichever is then the ultimate parent company,
will maintain and will cause each Subsidiary (including Borrowers) to maintain a standard system of accounting, will maintain its Fiscal Year, and will furnish or cause to be furnished the following statements and reports to Lender at Parent’s
or New Parent’s expense: 
 (a) Within 90 days after the end of each Fiscal Year, complete Consolidated and consolidating financial
statements of Parent or New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries together with all notes thereto, prepared in 

  

 46 

 
reasonable detail in accordance with GAAP, together with an unqualified opinion, based on an audit using generally accepted auditing standards, by
PricewaterhouseCoopers or other independent certified public accounting firm of recognized standing selected by Borrower and acceptable to Lender, stating that such Consolidated financial statements have been so prepared. These financial statements
shall contain a Consolidated and consolidating balance sheet as of the end of such Fiscal Year and Consolidated and consolidating statements of earnings, of cash flows, and of changes in owners’ equity for such Fiscal Year, each setting forth
in comparative form the corresponding figures for the preceding Fiscal Year. In addition, concurrent with the delivery of such financial statements, Parent or New Parent, whichever is then the ultimate parent company, will furnish an opinion by such
accountants independently assessing Parent’s or New Parent’s, whichever is then the ultimate parent company, internal controls over financial reporting in accordance with Item 308 of SEC Regulation S-K, PCAOB Auditing Standard
No. 2, and Section 404 of the Sarbanes-Oxley Act of 2002 expressing a conclusion that contains no statement that there is a material weakness in such internal controls, except for such material weaknesses as to which Lender does not
object; provided however, for the Fiscal Year ending 2008 the material weaknesses set forth on Section 6.2 of the Disclosure Schedule shall be permitted. 
 (b) As soon as available, and in any event within forty five (45) days after the end of each Fiscal Quarter, Consolidated and consolidating balance sheet as of the end of such Fiscal Quarter and Consolidated and
consolidating statements of earnings and cash flows for such Fiscal Quarter and for the period beginning on the first day of the then current Fiscal Year to the end of such Fiscal Quarter of Parent or any New Parent, whichever is then the ultimate
parent company, and its Consolidated Subsidiaries, all in reasonable detail and prepared in accordance with GAAP, subject to changes resulting from normal year-end adjustments and the absence of footnotes. In addition, Parent will, together with
each such set of financial statements and each set of financial statements furnished under subsection (a) of this section, furnish a certificate in the form of Exhibit D (herein called the “Compliance Certificate”) signed by a
Responsible Officer of Borrower and Parent or any New Parent, whichever is then the ultimate parent company, stating that such financial statements are accurate and complete in all material respects (subject to normal year-end adjustments and the
absence of footnotes), stating that he/she has reviewed the Loan Documents, containing calculations showing compliance (or non-compliance) at the end of such Fiscal Quarter with the requirements of Section 8.2 and stating that no Default exists
at the end of such Fiscal Quarter or at the time of such certificate or specifying the nature and period of existence of any such Default. 
 (c) As soon as available, and in any event within thirty (30) days after the end of each month, a Borrowing Base Certificate signed by a Responsible Officer of Borrower and Parent or any New Parent, whichever is then the ultimate
parent company together with an accounts receivable aging report, each in form and detail reasonably satisfactory to Lender. 
 (d) The
following reports that are filed with the SEC: 
 (i) All quarterly and annual reports that are filed with the SEC on Forms
10-Q and 10-K, including a “Management’s Discussion and Analysis of Financial Condition and Results of Operations” that describes the financial condition and results of operations of Parent or any New Parent, whichever is then the
ultimate parent company, and its Consolidated Subsidiaries, as the case may be; and 
  

 47 

 (ii) All current reports that would be required to be filed with the SEC on Form 8-K if
Parent or any New Parent, whichever is then the ultimate parent company, were required to file such reports. 
 in each case, within the time
periods specified in the SEC’s rules and regulations, provided, that (1) it is understood that Parent or any New Parent, whichever is then the ultimate parent company, will furnish to the Lender an Annual Report on Form 10-K for the
year ended December 31, 2007, by April 15, 2008, but such annual report need only include the financial statements, Notes related thereto and a “Management’s Discussion and Analysis of Financial Condition and Results of
Operation” in accordance with the rules and regulations of the SEC applicable to such report, in all material respects; and (2) if a New Parent is formed, such New Parent may become the reporting company contemplated hereby, provided that
such election would comply with the applicable rules and regulations of the SEC. To the extent financial statements included in any such 10-Q or 10-K satisfy the requirements of (a) or (b) above they will be regarded as complying with such
subparagraphs, as well as, this subparagraph (d). 
 (e) Annual Collateral Audit. Upon the request of Lender therefor, the Restricted
Persons, at their expense, shall furnish to Lender as soon as available, and in any event within the later of (i) ninety (90) days after the end of each Fiscal Year of the Restricted Persons or (ii) sixty (60) days after
Lender’s selection of an independent firm, an annual audit of a representative portion of the Collateral prepared by an independent firm selected by Lender, which audit shall be in form and detail reasonably satisfactory to Lender. 

Section 6.3. Other Information and Inspections. Each Restricted Person will furnish to Lender any information which Lender may from time
to time request concerning any provision of the Loan Documents, any Collateral, or any matter in connection with Restricted Persons’ businesses, properties, prospects, financial condition and operations, including all evidence which Lender from
time to time reasonably requests in writing as to the accuracy and validity of or compliance with all representations, warranties and covenants made by any Restricted Person in the Loan Documents, the satisfaction of all conditions contained
therein, and all other matters pertaining thereto. Prior to a Default or Event of Default and no more often than twice annually, each Restricted Person will permit representatives appointed by Lender (including independent accountants, auditors,
agents, attorneys, appraisers and any other Persons) to visit and inspect during normal business hours any of such Restricted Person’s property, including its books of account, other books and records, and any facilities or other business
assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and each Restricted Person shall permit Lender or its representatives to investigate and
verify the accuracy of the information furnished to Lender in connection with the Loan Documents and to discuss all such matters with its officers, employees and representatives subject to the provisions of Section 10.6. 
 Section 6.4. Notice of Material Events and Change of Address. Borrower will promptly, after becoming aware thereof, notify Lender in writing,
stating that such notice is being given pursuant to this Agreement, of: 
 (a) the occurrence of any Material Adverse Change; 
  

 48 

 (b) the occurrence of any Default; 
 (c) the acceleration of the maturity of any Indebtedness owed by any Restricted Person or of any default by any Restricted Person under any indenture,
mortgage, agreement, contract or other instrument to which any of them is a party or by which any of them or any of their properties is bound which could reasonably be expected to cause a Material Adverse Change; 
 (d) the occurrence of any Termination Event; 
 (e) any claim under any Environmental Law adverse to a Restricted Person or of potential liability with respect to such claim, or any other adverse claim asserted against any Restricted Person or with respect to any Restricted Person’s
properties taken as a whole which could reasonably be expected to cause a Material Adverse Change; 
 (f) the filing of any suit or
proceeding against any Restricted Person; and 
 (g) any material change of accounting policies or financial reporting practices by any
Restricted Person. 
 Upon the occurrence of any of the foregoing, Restricted Persons will take all necessary or appropriate steps to remedy promptly any
such Material Adverse Change, Default, acceleration, default, or Termination Event, to protect against any such adverse claim, to defend any such suit or proceeding, and to resolve all controversies on account of any of the foregoing. Borrower will
also notify Lender in writing at least fifteen (15) Business Days prior to the date that any Restricted Person changes its name or the location of its chief executive office or its location under the UCC. 
 Section 6.5. Maintenance of Properties. Each Restricted Person will maintain, preserve, protect, and keep all Collateral and all other
property used or useful in the conduct of its business in good condition (ordinary wear and tear excepted) in accordance with prudent industry standards, and in material compliance with all applicable Laws, in conformity with all applicable
contracts, servitudes, leases and agreements, and will from time to time make all repairs, renewals and replacements needed to enable the business and operations carried on in connection therewith to be promptly and advantageously conducted at all
times; provided that no Restricted Person shall be required to do so if such Collateral or other property is worthless, obsolete, worn out, surplus or no longer useful to the conduct of the business and affairs of such Borrower or is being replaced
by other property. 
 Section 6.6. Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve
its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify would not cause a Material Adverse Change or
where a Restricted Person merges, consolidates or otherwise combines with another Restricted Person. 
  

 49 

 Section 6.7. Payment of Trade Liabilities, Taxes, etc. Each Restricted Person will
(a) timely file all required tax returns including any extensions; (b) timely pay all taxes, assessments, and other governmental charges or levies imposed upon it or upon its income, profits or property before the same become delinquent;
(c) within ninety (90) days past the original invoice billing due date therefor, or, if earlier, when due in accordance with its terms, pay and discharge all Liabilities owed by it on ordinary trade terms to vendors, suppliers and other
Persons providing goods and services used by it in the ordinary course of its business; (d) pay and discharge before the same becomes delinquent all other Liabilities now or hereafter owed by it, other than royalty payments suspended in the
ordinary course of business; and (e) maintain appropriate accruals for all of the foregoing in accordance with GAAP. Each Restricted Person may, however, delay paying or discharging any of the foregoing so long as it is in good faith contesting
the validity thereof by appropriate proceedings, if necessary, and has set aside on its books adequate accruals therefore which are required by GAAP. 
 Section 6.8. Insurance. Borrower will maintain with financially sound and reputable insurance companies not Affiliates of Borrower, insurance with respect to its properties and business against loss or
damage of the kinds believed in the good faith judgment of Borrower to be customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as believed in the good faith judgment of Borrower to be
customarily carried under similar circumstances by such other Persons and providing (a) for payment of losses to Lender as its interests may appear, (b) that such policies may not be canceled or reduced or affected in any material manner
for any reason without thirty (30) days prior notice to Lender, and (c) for any other matters specified in any applicable Security Document or which Lender may reasonably require. The current insurance carriers and levels of coverage are
deemed to satisfy the requirements above. 
 Section 6.9. Performance on Borrower’s Behalf. If any Restricted Person fails
to pay any taxes, insurance premiums, expenses, attorneys’ fees or other amounts it is required to pay under any Loan Document, Lender may pay the same. Borrower shall immediately reimburse Lender for any such payments and each amount paid by
Lender shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by Lender. 
 Section 6.10. Interest. Borrower hereby promises to Lender to pay interest at the Default Rate applicable to Base Rate Loans on all Obligations (including Obligations to pay fees or to reimburse or indemnify Lender but excluding
principal of, and interest on, any Loan, and any Matured LC Obligation, interest on which is covered by Section 2.5 and Section 2.10(a)) which Borrower has in this Agreement promised to pay to Lender or such Lender Party and which are not
paid when due. Such interest shall accrue from the date such Obligations become due until they are paid. 
 Section 6.11. Compliance
with Agreements and Law. Each Restricted Person will perform all material obligations it is required to perform under the terms of the Indenture, each other indenture, mortgage, deed of trust, security agreement, lease, franchise, agreement,
contract or other instrument or obligation to which it is a party or by which it or any of its properties is bound unless such obligation is being contested in good faith. Each Restricted Person will conduct its business and affairs in compliance
with all Laws applicable thereto. Each 

  

 50 

 
Restricted Person will cause all licenses and permits reasonably necessary for the conduct of its business and the ownership and operation of its property
used in the conduct of its business to be at all times maintained in good standing and in full force and effect. 
 Section 6.12.
Environmental Matters; Environmental Reviews. 
 (a) Each Restricted Person will comply in all material respects with all Environmental
Laws now or hereafter applicable to such Restricted Person, as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters, and shall obtain, at or prior to the time required by
applicable Environmental Laws, all environmental, health and safety permits, licenses and other authorizations necessary for its operations and will maintain such authorizations in full force and effect so as not to cause a Material Adverse Change.
No Restricted Person will do anything or permit anything to be done which will subject any of its properties to any remedial obligations, which could reasonably be expected to cause a Material Adverse Change, under, or result in noncompliance, which
could reasonably be expected to cause a Material Adverse Change, with applicable permits and licenses issued under, any applicable Environmental Laws, assuming disclosure to the applicable governmental authorities of all relevant facts, conditions
and circumstances. Upon Lender’s reasonable request, Borrower will provide at its own expense an environmental inspection of any of the Restricted Persons’ material real properties and audit of their environmental compliance procedures and
practices, in each case from an engineering or consulting firm approved by Lender. 
 (b) Borrower will promptly furnish to Lender copies of
all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings which could reasonably be expected to cause a Material Adverse Change and are received by any Restricted Person, or of which
Borrower otherwise has notice, pending or threatened against any Restricted Person by any Governmental Authority with respect to any alleged violation of or non-compliance with any Environmental Laws or any permits, licenses or authorizations that
could reasonably be expected to cause a Material Adverse Change and arise in connection with any Restricted Person’s ownership or use of its properties or the operation of its business. 
 (c) Borrower will promptly furnish to Lender all requests for information, notices of claim, demand letters, and other notifications, received by
Borrower that could reasonably be expected to cause a Material Adverse Change and are in connection with any Restricted Person’s ownership or use of its properties or the conduct of its business, relating to potential responsibility with
respect to any investigation or clean-up of Hazardous Material at any location. 
 Section 6.13. Evidence of Compliance. Each
Restricted Person will furnish to Lender at such Restricted Person’s or Borrower’s expense all evidence which Lender from time to time reasonably requests in writing as to the accuracy and validity of or compliance with all
representations, warranties and covenants made by any Restricted Person in the Loan Documents, the satisfaction of all conditions contained therein, and all other matters pertaining thereto. 
  

 51 

 Section 6.14. Bank Accounts; Offset. To secure the repayment of the Obligations Borrower
hereby grants to Lender a security interest, a lien, and a right of offset, each of which shall be in addition to all other interests, liens, and rights of Lender at common Law, under the Loan Documents, or otherwise, and each of which shall be upon
and against (a) any and all moneys, securities or other property (and the proceeds therefrom) of Borrower now or hereafter held or received by or in transit to Lender from or for the account of Borrower, whether for safekeeping, custody,
pledge, transmission, collection or otherwise, (b) any and all deposits (general or special, time or demand, provisional or final) of Borrower with Lender, and (c) any other credits and claims of Borrower at any time existing against
Lender, including claims under certificates of deposit. At any time and from time to time after the occurrence of any Default, Lender is hereby authorized to foreclose upon, or to offset against the Obligations then due and payable (in either case
without notice to Borrower), any and all items hereinabove referred to. The remedies of foreclosure and offset are separate and cumulative, and either may be exercised independently of the other without regard to procedures or restrictions
applicable to the other. 
 Section 6.15. Guaranties of Parent’s or New Parent’s Subsidiaries. Parent or New Parent
shall cause each Subsidiary (other than Borrower) of Parent or New Parent now existing or created, acquired or coming into existence after the date hereof, promptly upon request by Lender, execute and deliver to Lender an absolute and unconditional
guaranty of the timely repayment of the Obligations and the due and punctual performance of the obligations of Borrower hereunder, which guaranty shall be satisfactory to Lender in form and substance. Borrower will cause each of Parent’s or New
Parent’s Subsidiaries to deliver to Lender written evidence satisfactory to Lender and its counsel that such Subsidiary has taken all company action necessary to duly approve and authorize its execution, delivery and performance of this
Agreement and any other documents which it is required to execute. 
 Section 6.16. Deposit Relationship. Restricted Persons
shall at all times utilize and maintain Lender as Restricted Persons’ primary depository and treasury management services provider for their operational, business deposit accounts. 
 ARTICLE VII - Negative Covenants 
 To conform with the terms and conditions
under which Lender is willing to have credit outstanding to Borrower, and to induce Lender to enter into this Agreement and make the Loans, each of Parent and Borrower warrants, covenants and agrees that until the full and final payment of the
Obligations and the termination of this Agreement (as determined without regard to unasserted indemnity claims), unless Lender has previously agreed otherwise: 
 Section 7.1. Indebtedness. No Restricted Person will in any manner owe or be liable for Indebtedness except: 
 (a) the Obligations. 
 (b) obligations under Operating Leases entered into in the ordinary course of such
Restricted Person’s business in arm’s length transactions at competitive market rates under competitive terms and conditions in all respects. 
  

 52 

 (c) unsecured Indebtedness among Borrower and the Guarantors arising in the ordinary course of business.

 (d) the obligations under the Indenture or the Senior Secured Notes. 
 (e) Indebtedness outstanding under the instruments and agreements described in Section 7.1 of the Disclosure Schedule. 
 (f) In any Fiscal Year (i) purchase money Indebtedness or Capitalized Lease Obligations provided that the original principal amount of any such
Indebtedness or Capital Lease Obligation shall not be in excess of the purchase price of the asset acquired thereby and such Indebtedness shall be secured only by the acquired asset and (ii) Indebtedness from a Person other than Lender on an
unsecured basis; provided, however any such Indebtedness created, assumed or incurred under clauses (i) and (ii) above shall not exceed an aggregate principal amount equal to the Threshold Amount at any time outstanding. 
 (g) unsecured Indebtedness in respect of financing for the payment of premiums for any Restricted Person’s insurance; provided, that such unsecured
Indebtedness is on terms that are not more restrictive than this Agreement. 
 (h) Guarantees of Restricted Persons in respect of
Indebtedness otherwise permitted under this Section 7.1. 
 (i) any refinancings, renewals or extensions of Indebtedness permitted under
subsections (b) through (i) above or any Indebtedness listed on Section 7.1 of the Disclosure Schedule; provided that the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension
except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments utilized thereunder. 
 (j) Indebtedness incurred by Restricted Persons in respect of any bid, performance or surety bond (excluding appeal bonds) incurred in the ordinary
course of business. 
 (k) Indebtedness otherwise permitted under the Indenture. 
 Section 7.2. Limitation on Liens. Except for Permitted Liens, no Restricted Person will create, assume or permit to exist any Lien upon any
of the properties or assets which it now owns or hereafter acquires. 
 Section 7.3. Contingent Liabilities. No Restricted Person
will directly or indirectly make, create, incur, assume, permit to exist, increase, renew or extend any guaranty of any Indebtedness of any other Person, excluding, however, (a) any guaranty of Indebtedness owed to Lender, (b) the
continuation of any guaranties reflected on the Initial Financial Statements or listed in Section 7.3 of the Disclosure Schedule or (c) any guaranty of Indebtedness permitted under Section 7.1. 
 Section 7.4. Fundamental Changes. No Restricted Person shall directly or indirectly: 
 (a) merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or
substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that any Restricted Person may merge or consolidate with, or dissolve or liquidate into another Restricted Person, provided that such
other Restricted Person shall be the continuing or surviving Person; and 
  

 53 

 (b) issue any Equity Interests which (i) may be classified in whole or part as Indebtedness or
(ii) require mandatory distributions or mandatory redemption prior to ninety one (91) days after the Maturity Date. No Subsidiary will issue any additional Equity Interests, except a direct Subsidiary of a Restricted Person may issue
additional Equity Interests to such Restricted Person or to Borrower, Parent or any New Parent so long as (i) such Subsidiary is a wholly-owned Subsidiary of Borrower, Parent or any New Parent after giving effect thereto, and (ii) such
Equity Interests shall be pledged to Lender pursuant to Security Documents reasonably acceptable to Lender. 
 Section 7.5.
Limitation on Dispositions of Property. No Restricted Person will Dispose of any of its material assets or properties or any material interest therein, or Dispose of any notes payable to it, accounts receivable or future income, except, to
the extent not otherwise forbidden under the Security Documents or: 
 (a) equipment which is worthless, obsolete, worn out or surplus or
which is replaced by equipment of equal suitability and value; 
 (b) inventory which is sold in the ordinary course of business; 

(c) the abandonment or other Disposition of intellectual property that is, in the reasonable judgment of Lender, no longer economically practicable to
maintain or useful in the conduct of business of the Restricted Persons, taken as a whole; 
 (d) Dispositions of equipment so long as
(i) at least seventy-five (75%) of the purchase price for such asset shall be paid solely in cash or Cash Equivalents, (ii) no Default or Event of Default shall exist prior to or after giving effect to such sale, and (iii) within
365 days of receipt of such net cash proceeds the net cash proceeds of such sale shall have been applied (1) to prepay the Obligations and other Indebtedness under any credit facility permitted under Section 7.1, and if the Indebtedness
repaid is revolving credit Indebtedness, such Restricted Person will be required to correspondingly reduce commitments with respect thereto, (2) to acquire (including by merger or consolidation) all or substantially all of the assets of, or
Equity Interests of, another Permitted Business, provided, after giving effect to any such acquisition of Equity Interests, the Permitted Business becomes a Guarantor, (3) to make Capital Expenditures, or (4) to acquire other assets that
are not classified as current assets under GAAP and are used or useful in a Permitted Business; provided,, that any trade in or exchange of assets shall not be deemed to violate this Section 7.5(d); 
 (e) leases of real or personal property in the ordinary course of business; 
 (f) mergers or consolidations permitted under Section 7.4; and 
  

 54 

 (g) Investments in compliance with Section 7.8; 
 provided, however, that any Disposition pursuant to subsections (a), (b), (c), (d) and (e) above shall be for fair market value. 
 Section 7.6. Transfer of Ownership. No Restricted Person will permit any transfer, pledge or other change in the ownership of its Equity
Interests, except for (a) such pledges to Lender, to a Collateral Agent for the Senior Secured Notes and other non-consensual Permitted Liens arising by operation of Law, (b) mergers, dissolutions, liquidations or consolidations permitted
under Section 7.4 and (c) changes in ownership not constituting a Change of Control. 
 Section 7.7. Limitation on
Dividends and Redemptions. No Restricted Person will declare or make directly or indirectly any Dividend other than Dividends by a Restricted Person payable only to another Restricted Person or payable only in such Restricted Person’s
Equity Interests, so long as the direct or indirect percentage interest in any of the Subsidiaries of Parent or any New Parent, whichever is then the ultimate parent company, is not thereby reduced. 
 Section 7.8. Limitation on Investments and New Businesses. No Restricted Person will (a) except as otherwise expressly permitted under
Section 7.10, make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except in the ordinary course of business, (b) engage directly or indirectly in any business or conduct any operations
except in connection with or incidental to its present businesses and operations as presently conducted, or (c) make any acquisitions of or capital contributions to or other Investments in any Person or property, other than Permitted
Investments. 
 Section 7.9. Limitation on Credit Extensions. Except for Permitted Investments, no Restricted Person will extend
credit, make advances or make loans other than (a) normal extensions of credit to customers buying goods and services in the ordinary course of business, which extensions shall not be for periods longer than those (i) historically granted
by Borrower or (ii) granted by similar businesses operated in a commercially reasonable and prudent manner, (b) loans to Borrower or to any Guarantor and (c) loans to employees of any Restricted Person, so long as the aggregate amount
of such loans to any single employee does not exceed $100,000 and the aggregate amount of all such loans made by all Restricted Persons does not exceed the Threshold Amount. 
 Section 7.10. Transactions with Affiliates. No Restricted Person will enter into any transaction of any kind with any Affiliate of any
Restricted Person, whether or not in the ordinary course of business, other than terms that are no less favorable to such Restricted Person than those that would have been obtained in a comparable transaction by such Restricted Person, with an
unrelated Person, or, if there are no such comparable transactions, on terms that are fair and reasonable to such Restricted Person and reflected an arm’s length negotiation as determined by the Independent Directors., provided that the
foregoing restriction shall not apply to (a) transactions between or among Borrower and any Guarantor or between and among any Guarantors, (b) Dividends permitted by Section 7.7, (c) Permitted Investments, (d) the reasonable
and customary director, officer and employee compensation (including bonuses) and 

  

 55 

 
other benefits (including retirement, health, stock option and other benefit plans) and indemnification arrangements, (e) the payment of reasonable
directors’ fees, (f) loans or advances to employees in the ordinary course of business not to exceed $500,000 in the aggregate at any one time outstanding, (g) registration of rights or similar agreements with officers, directors or
significant shareholders of Parent or any New Parent, (h) Permitted Tax Distributions, (i) Permitted Affiliate Leases, (j) Permitted Affiliated Store Transactions, (k) any issuance of Equity Interests of any Parent or any New
Parent, whichever is then the ultimate parent company, to Affiliates of such Parent or any New Parent and (l) transactions with a Person that is an Affiliate of a Restricted Person solely because such Restricted Person, as the case may be, owns
directly or indirectly, an Equity Interest in, or controls, such Person. 
 Section 7.11. Prohibited Contracts. Except as
expressly provided for in the Loan Documents, no Restricted Person will, directly or indirectly, enter into, create, or otherwise allow to exist any contractual restriction or other consensual restriction on the ability of any Subsidiary of Parent
to: (a) pay dividends or make other distributions to Parent, (b) to redeem Equity Interests held in it by Parent, (c) to repay loans and other indebtedness owing by it to Parent or any New Parent, or (d) to transfer any of its
assets to Parent or any New Parent. No Restricted Person will amend or permit any amendment to any contract or lease which releases, qualifies, limits, makes contingent or otherwise detrimentally affects the rights and benefits of Lender under or
acquired pursuant to any Security Documents. No ERISA Affiliate will incur any obligation to contribute to any “multiemployer plan” as defined in Section 4001 of ERISA. 
 Section 7.12. Subordinated Indebtedness. No Restricted Person shall make any payments of principal of or interest on Subordinated
Indebtedness, if any, prior to the satisfaction in full of the Obligations and the termination of this Agreement and the other Loan Documents. 
 ARTICLE VIII - Financial Covenants 
 Section 8.1. Definitions. For purposes of this ARTICLE VIII and
elsewhere in this Agreement, the following terms shall have the respective meanings given to them below: 
 “Consolidated Current
Liabilities” means, as of any date, the total liabilities of Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries that would be reflected on a balance sheet of Parent or any New Parent,
whichever is then the ultimate parent company, and its Consolidated Subsidiaries as “current liabilities” in accordance with GAAP. 
 “Consolidated EBITDA” means, for any period, on a Consolidated basis for Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries, an amount equal to Consolidated Net Income
for such period plus the following to the extent deducted in calculating such Consolidated Net Income: (i) (a) Consolidated Interest Expense for such period, (b) the provision for Taxes payable by Parent or any New Parent, whichever
is then the ultimate parent company, and its Consolidated Subsidiaries for such period and (c) the amount of depreciation and amortization expense deducted for such period and minus (ii) all non-cash items increasing Consolidated Net
Income for such period. 
  

 56 

 “Consolidated Interest Expense” means, for any period, the total Consolidated interest
expense on Consolidated Senior Funded Debt (and if applicable, any subordinated funded debt) of Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries for such period. 
 “Consolidated Net Income” means, for any period, the net earnings (or loss) after Taxes of Parent and its Consolidated Subsidiaries for
such period determined in accordance with GAAP. 
 “Consolidated Net Worth” means, as of any date, Consolidated Total Assets
minus Consolidated Total Liabilities. 
 “Consolidated Senior Funded Debt” means, for any period, the sum of the following
(without duplication): (a) all Indebtedness of Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries as of such date other than Consolidated Current Liabilities, (b) all Indebtedness
which would be classified as “long-term indebtedness” on a Consolidated balance sheet of Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries prepared as of such date in accordance with
GAAP, (c) all Indebtedness outstanding under a revolving credit or similar agreement providing for borrowings over a period of more than one year and (d) the present value (discounted at the implicit rate, if known, or 10% per annum
otherwise) of all obligations in respect of Capital Lease Obligations of Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries. 
 “Consolidated Total Assets” means, as of any date, the assets of Parent or any New Parent, whichever is then the ultimate parent
company, and its Consolidated Subsidiaries that would be reflected on a Consolidated balance sheet of Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries as “assets” in accordance with
GAAP. 
 “Consolidated Total Liabilities” means, for any period, all amounts (excluding deferred Taxes) which, in conformity
with GAAP, would be included as liabilities on a Consolidated balance sheet of Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries. 
 “Leverage Ratio” means, at the time of determination, the ratio of (a) Consolidated Senior Funded Debt to (b) Consolidated
EBITDA for the twelve (12) month period ended at the time of determination for Parent or any New Parent, whichever is then the ultimate parent company. 
 “Senior Funded Debt to Net Worth Ratio” means, at the time of determination, the ratio of (a) Consolidated Senior Funded Debt to (b) Consolidated Net Worth for Parent or any New Parent,
whichever is then the ultimate parent company. 
  

 57 

 Section 8.2. Financial Tests. Borrower covenants that, so long as Lender shall have any
Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, it shall not: 
 (a) Interest Coverage Ratio. Permit, as of the last day of each Fiscal Quarter, the ratio of (i) Consolidated EBITDA for Parent or any New Parent, whichever is then the ultimate parent company, and its
Consolidated Subsidiaries for the twelve (12) month period ending on such date to (ii) Consolidated Interest Expense for Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries for such
twelve (12) month period, to be less than 1.50 to 1.00. 
 (b) Minimum Net Worth. Permit, (i) for the Fiscal Year ended on
December 31, 2008, Consolidated Net Worth for Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries to be less than $63,413,340.30 and (ii) for each Fiscal Year ended after
December 31, 2008, Consolidated Net Worth for Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries to be less than $63,413,340.30 plus an amount (if positive) equal to fifty percent
(50%) of Consolidated Net Income for Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries for such Fiscal Year. 
 (c) Senior Funded Debt to Net Worth Ratio. Permit the Senior Funded Debt to Net Worth Ratio for Parent or any New Parent, whichever is then the
ultimate parent company, and its Consolidated Subsidiaries to be less than (i) for each Fiscal Quarter after the Closing Date to the Fiscal Quarter ended September 30, 2008, 2.50 to 1.00, and (ii) commencing on the Fiscal Quarter
ended December 31, 2008 and for each Fiscal Quarter thereafter, 2.00 to 1.00; or 
 (d) Leverage Ratio. Permit, as of the last
day of each Fiscal Quarter, the Leverage Ratio for Parent or any New Parent, whichever is then the ultimate parent company, and its Consolidated Subsidiaries to be more than 5.50 to 1.00. 
 ARTICLE IX - Events of Default and Remedies 
 Section 9.1. Events of
Default. Each of the following events constitutes an Event of Default under this Agreement: 
 (a) Any Restricted Person fails to pay any
principal component of any Obligation when due and payable, whether at a date for the payment of a fixed installment or as a contingent or other payment becomes due and payable or as a result of acceleration or otherwise, within three
(3) Business Days after the same becomes due; 
 (b) Any Restricted Person fails to pay any Obligation (other than the Obligations in
subsection (a) above) when due and payable, whether at a date for the payment of a fixed installment or as a contingent or other payment becomes due and payable or as a result of acceleration or otherwise, within five (5) Business Days
after the same becomes due; 
  

 58 

 (c) Any “default” or “event of default” occurs under any Loan Document which defines
either such term, and the same is not remedied within the applicable period of grace (if any) provided in such Loan Document; 
 (d) Any
Restricted Person fails to duly observe, perform or comply with any covenant, agreement or provision of Section 6.4 or ARTICLE VII; 
 (e) Any Restricted Person fails (other than as referred to in subsections (a), (b), (c) or (d) above) to duly observe, perform or comply with any covenant, agreement, condition or provision of any Loan Document to which it is a
party, and such failure remains unremedied for a period of thirty (30) days after notice of such failure is given by Lender to Borrower; 
 (f) Any representation or warranty previously, presently or hereafter made in writing by or on behalf of any Restricted Person in connection with any Loan Document shall prove to have been false or incorrect in any material respect on any
date on or as of which made, or any Loan Document at any time ceases to be valid, binding and enforceable as warranted in Section 5.5 for any reason other than its release or subordination by Lender; 
 (g) Any Restricted Person fails to duly observe, perform, comply with or otherwise satisfy any agreement with any Person or any term or condition of any
instrument, if such agreement or instrument is materially significant to Borrower or to Borrower and its Subsidiaries on a Consolidated basis or materially significant to any Guarantor, and such failure is not remedied within the applicable period
of grace (if any) provided in such agreement or instrument, except where such failure is being contested in good faith; 
 (h) Any Restricted
Person (i) fails to pay any portion, when such portion is due, of any of its Indebtedness in excess of the Threshold Amount, or (ii) breaches or defaults in the performance of any agreement or instrument by which any such Indebtedness is
issued, evidenced, governed, or secured, and any such failure, breach or default continues beyond any applicable period of grace provided therefor; 
 (i) Either (i) any “accumulated funding deficiency” (as defined in Section 412(a) of the Internal Revenue Code) in excess of the Threshold Amount exists with respect to any ERISA Plan, whether or not waived by the
Secretary of the Treasury or his delegate, or (ii) any Termination Event occurs with respect to any ERISA Plan and the then current value of such ERISA Plan’s benefit liabilities exceeds the then current value of such ERISA Plan’s
assets available for the payment of such benefit liabilities by more than $100,000 (or in the case of a Termination Event involving the withdrawal of a substantial employer, the withdrawing employer’s proportionate share of such excess exceeds
such amount); 
 (j) Any Restricted Person: 
 (i) suffers the entry against it of a judgment, decree or order for relief by a Tribunal of competent jurisdiction in an involuntary proceeding commenced under any applicable bankruptcy, insolvency or other similar
Law of any jurisdiction now or hereafter in effect, including the federal Bankruptcy Code, as from time to time amended, or has any such proceeding commenced against it which remains undismissed for a period of sixty (60) days; or 

 

 59 

 (ii) commences a voluntary case under any applicable bankruptcy, insolvency or similar
Law now or hereafter in effect, including the federal Bankruptcy Code, as from time to time amended; or applies for or consents to the entry of an order for relief in an involuntary case under any such Law; or makes a general assignment for the
benefit of creditors; or is generally not paying (or admits in writing its inability to pay) its debts as such debts become due; or takes corporate or other action authorizing any of the foregoing; or 
 (iii) suffers the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar
official of all or a substantial part of its assets or of any part of the Collateral in a proceeding brought against or initiated by it, and such appointment or taking possession is neither made ineffective nor discharged within sixty (60) days
after the making thereof, or such appointment or taking possession is at any time consented to, requested by, or acquiesced to by it; or 
 (iv) suffers the entry against it of one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments or orders) in excess of the Threshold Amount (not covered by
insurance satisfactory to Lender in its discretion), unless the same is discharged within sixty (60) days after the date of entry thereof or an appeal or appropriate proceeding for review thereof is taken within such period and a stay of
execution pending such appeal is obtained; or 
 (v) suffers a writ or warrant of attachment or any similar process to be
issued by any Tribunal against all or any substantial part of its assets or any part of the Collateral, and such writ or warrant of attachment or any similar process is not stayed or released within sixty (60) days after the entry or levy
thereof or after any stay is vacated or set aside; 
 (k) Any Change of Control occurs; or 
 (l) Any Material Adverse Change occurs. 
 Upon the
occurrence of an Event of Default described in subsection (j)(i), (j)(ii) or (j)(iii) of this section with respect to any Restricted Person, all of the Obligations shall thereupon be immediately due and payable, without demand, presentment, notice
of demand or of dishonor and nonpayment, protest, notice of protest, notice of intention to accelerate, declaration or notice of acceleration, or any other notice or declaration of any kind, all of which are hereby expressly waived by Borrower and
each Restricted Person who at any time ratifies or approves this Agreement. Upon any such acceleration, any obligation of Lender to make any further Loans and any obligation of Lender to issue Letters of Credit hereunder shall be permanently
terminated. During the continuance of any other Event of Default, Lender at any time and from time to time may, without notice to Borrower or any other Restricted Person, do either or both of the following: (1) terminate any obligation of
Lender to make Loans hereunder, and any obligation of Lender to issue Letters of Credit hereunder, and (2) declare any or all of the Obligations immediately due and payable, and all such Obligations shall thereupon be immediately due and
payable, without demand, presentment, notice of demand or of dishonor and nonpayment, protest, notice of protest, notice of intention to accelerate, declaration or notice 

  

 60 

 
of acceleration, or any other notice or declaration of any kind, all of which are hereby expressly waived by Borrower and each Restricted Person who at any
time ratifies or approves this Agreement. 
 Section 9.2. Remedies. If any Default shall occur and be continuing, Lender may
protect and enforce its rights under the Loan Documents by any appropriate proceedings, including proceedings for specific performance of any covenant or agreement contained in any Loan Document. All rights, remedies and powers conferred upon Lender
under the Loan Documents shall be deemed cumulative and not exclusive of any other rights, remedies or powers available under the Loan Documents or at Law or in equity. 
 Section 9.3. Application of Proceeds After Acceleration. Except as otherwise provided in the Security Documents with respect to application of proceeds to any reimbursements due Lender thereunder, if
Lender collects or receives money pursuant to the Loan Documents after the acceleration of the Obligations as provided in Section 9.1, Lender shall distribute all money so collected or received: 
 (a) first to any reimbursements due Lender hereunder; and 
 (b) then ratably to the payment of the Obligations, including LC Obligations (and among the outstanding Obligations in the manner
provided in Section 3.1), until such Obligations are paid in full. 
 ARTICLE X 
 Section 10.1. Waivers and Amendments; Acknowledgments. 
 (a) Waivers and Amendments. No failure or delay (whether by course of conduct or otherwise) by Lender in exercising any right, power or remedy which Lender may have under any of the Loan Documents shall operate
as a waiver thereof or of any other right, power or remedy, nor shall any single or partial exercise by Lender of any such right, power or remedy preclude any other or further exercise thereof or of any other right, power or remedy. No waiver of any
provision of any Loan Document and no consent to any departure therefrom shall ever be effective unless it is in writing and signed as provided below in this section, and then such waiver or consent shall be effective only in the specific instances
and for the purposes for which given and to the extent specified in such writing. No notice to or demand on any Restricted Person shall in any case of itself entitle any Restricted Person to any other or further notice or demand in similar or other
circumstances. This Agreement and the other Loan Documents set forth the entire understanding between the parties hereto with respect to the transactions contemplated herein and therein and supersede all prior discussions and understandings with
respect to the subject matter hereof and thereof, and no waiver, consent, release, modification or amendment of or supplement to this Agreement or the other Loan Documents shall be valid or effective against any party hereto unless the same is in
writing and signed by, if such party is Borrower, by Borrower, and if such party is Lender, by Lender. 
 (b) Acknowledgments and
Admissions. Borrower hereby represents, warrants, acknowledges and admits that it has been advised by counsel in the negotiation, execution and 

  

 61 

 
delivery of the Loan Documents to which it is a party, it has made an independent decision to enter into this Agreement and the other Loan Documents to which
it is a party, without reliance on any representation, warranty, covenant or undertaking by Lender, whether written, oral or implicit, other than as expressly set out in this Agreement or in another Loan Document delivered on or after the date
hereof, there are no representations, warranties, covenants, undertakings or agreements by Lender as to the Loan Documents except as expressly set out in this Agreement or in another Loan Document delivered on or after the date hereof, Lender has no
fiduciary obligation toward Borrower with respect to any Loan Document or the transactions contemplated thereby, the relationship pursuant to the Loan Documents between Borrower and the other Restricted Persons, on one hand, and Lender, on the other
hand, is and shall be solely that of debtor and creditor, respectively, no partnership or joint venture exists with respect to the Loan Documents between any Restricted Person and Lender, should an Event of Default or Default occur or exist, Lender
will determine in its sole discretion and for its own reasons what remedies and actions it will or will not exercise or take at that time, without limiting any of the foregoing, Borrower is not relying upon any representation or covenant by Lender,
or any representative thereof, and no such representation or covenant has been made, that Lender will, at the time of an Event of Default or Default, or at any other time, waive, negotiate, discuss, or take or refrain from taking any action
permitted under the Loan Documents with respect to any such Event of Default or Default or any other provision of the Loan Documents, and all Lender has relied upon the truthfulness of the acknowledgments in this section in deciding to execute and
deliver this Agreement and to become obligated hereunder. 
 (c) Joint Acknowledgment. THIS WRITTEN
AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN
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 THE PARTIES. 
 Section 10.2. Survival of Agreements; Cumulative Nature.
All of Restricted Persons’ various representations, warranties, covenants and agreements in the Loan Documents shall survive the execution and delivery of this Agreement and the other Loan Documents and the performance hereof and thereof,
including the making or granting of the Loans and the delivery of the Note and the other Loan Documents, and shall further survive until all of the Obligations are paid in full to Lender and all of Lender’ obligations to Borrower are
terminated. All statements and agreements contained in any certificate or other instrument delivered by any Restricted Person to Lender under any Loan Document shall be deemed representations and warranties by Borrower or agreements and covenants of
Borrower under this Agreement. The representations, warranties, indemnities, and covenants made by Restricted Persons in the Loan Documents, and the rights, powers, and privileges granted to Lender in the Loan Documents, are cumulative, and, except
for expressly specified waivers and consents, no Loan Document shall be construed in the context of another to diminish, nullify, or otherwise reduce the benefit to Lender of any such representation, warranty, indemnity, covenant, right, power or
privilege. In particular and without limitation, no exception set out in this Agreement 

  

 62 

 
to any representation, warranty, indemnity, or covenant herein contained shall apply to any similar representation, warranty, indemnity, or covenant
contained in any other Loan Document, and each such similar representation, warranty, indemnity, or covenant shall be subject only to those exceptions which are expressly made applicable to it by the terms of the various Loan Documents. 

Section 10.3. Notices; Effectiveness; Electronic Communication. 
 (a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided
in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile as follows and all
notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows and all notices and other communications expressly permitted hereunder to be given by telephone
shall be made to the applicable telephone number, as follows: 
 (i) if to Borrower or any other Restricted Person, Lender; to
the address, facsimile number, electronic mail address or telephone number specified for such person on the signature pages hereto; 
 (ii) if to Lender, to it at its address, facsimile number, electronic mail address or telephone number as specified on the Lender Schedule. 
 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by facsimile shall be deemed to have been given when sent (except that, if not
given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices delivered through electronic communications to the extent provided in subsection
(b) below, shall be effective as provided in said subsection (b). 
 (b) Electronic Communications. Notices and other
communications to Lender hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by Lender. Lender or Borrower or any other Restricted Person may, in
its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or
communications. 
 Unless Lender otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed
received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or
other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or
communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication
is available and identifying the website address therefor. 
  

 63 

 (c) Change of Address, Etc. Each of Borrower, any other Restricted Person and Lender may change
its address, electronic mail address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. 
 Section 10.4. Expenses; Indemnity; Damage Waiver. 
 (a) Costs and Expenses. Borrower shall
pay (i) all reasonable out-of-pocket expenses incurred by Lender and its Affiliates (including the reasonable fees, charges and disbursements of counsel for Lender), in connection with the credit facilities provided for herein, the preparation,
negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall
be consummated), (ii) all reasonable out-of-pocket expenses incurred by Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket
expenses incurred by Lender (including the fees, charges and disbursements of any counsel for Lender), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including
its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or
Letters of Credit. 
 (b) Indemnification by Borrower. Borrower shall indemnify Lender (and any sub-agent thereof), and each Related
Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable
fees, charges and disbursements of one counsel for Indemnitees), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee
or asserted against any Indemnitee by any third party or by Borrower or any other Restricted Person arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement
or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of
Credit or the use or proposed use of the proceeds therefrom (including any refusal by Lender to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of
such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by Borrower or any of its Subsidiaries, or any environmental liability related in any way to Borrower or
any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by Borrower or
Lender, and regardless of whether any Indemnitee is a party thereto. THE FOREGOING INDEMNIFICATION WILL APPLY WHETHER OR NOT SUCH LIABILITIES AND COSTS ARE IN ANY WAY OR TO ANY EXTENT OWED, IN WHOLE OR IN PART, UNDER ANY CLAIM OR THEORY OF STRICT
LIABILITY OR 

  

 64 

 
CAUSED, IN WHOLE OR IN PART BY ANY NEGLIGENT ACT OR OMISSION OF ANY KIND BY ANY INDEMNITEE, provided that such indemnity shall not, as to any Indemnitee, be
available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Indemnitee or (y) result from a claim brought by Borrower or any other Restricted Person against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if
Borrower or such Restricted Person has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. 
 (c) Waiver of Consequential Damages, Etc. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, NO PARTY HERETO SHALL ASSERT, AND HEREBY WAIVES, ANY CLAIM AGAINST ANY INDEMNITEE, ON ANY THEORY OF LIABILITY, FOR
SPECIAL, INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES (AS OPPOSED TO DIRECT OR ACTUAL DAMAGES) ARISING OUT OF, IN CONNECTION WITH, OR AS A RESULT OF, THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY, THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, ANY LOAN OR LETTER OF CREDIT OR THE USE OF THE PROCEEDS THEREOF. NO INDEMNITEE REFERRED TO IN SUBSECTION (b) ABOVE SHALL BE LIABLE FOR ANY DAMAGES ARISING FROM THE USE BY UNINTENDED RECIPIENTS OF ANY
INFORMATION OR OTHER MATERIALS DISTRIBUTED BY IT THROUGH TELECOMMUNICATIONS, ELECTRONIC OR OTHER INFORMATION TRANSMISSION SYSTEMS IN CONNECTION WITH THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

 (d) Payments. All amounts due under this Section shall be payable not later than ten (10) days after demand therefor.

 Section 10.5. Successors and Assigns; Joint and Several Liability. 
 (a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns permitted hereby, except that neither Borrower nor any other Restricted Person may assign or otherwise transfer any of its rights or obligations hereunder to any Person, other than another Restricted Person,
without the prior written consent of Lender 
 (b) Participations. Lender may at any time, without the consent of, or notice to,
Borrower, sell participations to any Person (other than a natural person or Borrower or any of Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of Lender’s rights and/or obligations under
this Agreement (including all or a portion of its commitment and/or the Loans owing to it); provided that (i) Lender’s obligations under this Agreement shall remain unchanged, (ii) Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations and (iii) Borrower and Lender shall continue to deal solely and directly with Lender in connection with Lender’s rights and obligations under this Agreement. 
  

 65 

 (c) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any
portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any
of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 (d) Joint and Several
Liability. All Obligations which are incurred by two or more Restricted Persons shall be their joint and several obligations and liabilities. 
 Section 10.6. Confidentiality. Lender agrees to keep confidential any Information (as defined below) received by it; provided that nothing herein shall prevent Lender from disclosing Information (a) to any Affiliate
of Lender, or any officer, director, employee, agent, or advisor of Lender or Affiliate of Lender reasonably incidental to administration of the credit facilities provided herein, (b) to any other Person if reasonably incidental to the
administration of the credit facility provided herein, (c) as required by any Law, (d) upon the order of any court or administrative agency, (e) upon the request or demand of any Tribunal, (f) that is or becomes available to the
public or that is or becomes available to Lender other than as a result of a disclosure by Lender prohibited by this Agreement, (g) in connection with prosecuting or defending any litigation with any Restricted Person relating to this Agreement
to which Lender or any of its Affiliates may be a party, (h) to the extent necessary in connection with the exercise of any right or remedy under this Agreement or any other Loan Document, and (i) subject to provisions substantially
similar to those contained in this Section, to any actual or proposed participant or assignee. Notwithstanding anything to the contrary, Lender may disclose, without limitation of any kind, any Information with respect to the “tax
treatment” and “tax structure” (in each case, within the meaning of Treasury Regulation Section 1.6011-4) of the transactions contemplated hereby and all materials of any kind (including opinions or other tax analyses) that are
provided to Lender relating to such tax treatment and tax structure; provided that with respect to any document or similar item that in either case contains Information concerning the tax treatment or tax structure of the transaction as well as
other information, this sentence shall only apply to such portions of the document or similar item that relate to the tax treatment or tax structure of the transactions contemplated hereby. 
 For purposes of this Section, “Information” means all information received from Borrower, Parent, any New Parent or any Subsidiary
relating to Borrower, Parent, any New Parent or any Subsidiary, or any Affiliate of any of them, or any of their respective businesses, other than any such information that is available to Lender on a nonconfidential basis prior to disclosure by
Borrower, Parent, any New Parent or any Subsidiary. In the case of information received from Borrower, Parent, any New Parent or any Subsidiary after the date hereof, Borrower shall use reasonable efforts to identify such information as confidential
at the time of delivery thereof. 
 Section 10.7. Governing Law; Submission to Process. 
 (a) GOVERNING LAW. THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT (EXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN A LOAN DOCUMENT) AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND 

  

 66 

 
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTIONS 5-1401 AND
5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 
 (b) SUBMISSION TO JURISDICTION. BORROWER AND EACH OTHER RESTRICTED PERSON
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 FOR THE SOUTHERN DISTRICT OF NEW YORK,
AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN 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 OR IN ANY OTHER LOAN DOCUMENT
SHALL AFFECT ANY RIGHT THAT LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST BORROWER OR ANY OTHER RESTRICTED PERSON OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

 (c) WAIVER OF VENUE. LENDER, BORROWER AND EACH OTHER RESTRICTED PERSON IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, 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 OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH
(B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 
 (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN Section 10.3.
NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
 Section 10.8. Limitation on Interest. Lender, Restricted Persons and any other parties to the Loan Documents intend to contract in strict compliance with applicable usury Law from time to time in effect. In furtherance thereof,
such Persons stipulate and agree that none of the terms and provisions contained in the Loan Documents shall ever be construed to 

  

 67 

 
create a contract to pay, for the use, forbearance or detention of money, interest in excess of the maximum amount of interest permitted to be charged by
applicable Law from time to time in effect. Neither any Restricted Person nor any present or future guarantors, endorsers, or other Persons hereafter becoming liable for payment of any Obligation shall ever be liable for unearned interest thereon or
shall ever be required to pay interest thereon in excess of the maximum amount that may be lawfully contracted for, charged, or received under applicable Law from time to time in effect, and the provisions of this section shall control over all
other provisions of the Loan Documents which may be in conflict or apparent conflict herewith. Lender expressly disavows any intention to contract for, charge, or collect excessive unearned interest or finance charges in the event the maturity of
any Obligation is accelerated. If (a) the maturity of any Obligation is accelerated for any reason, (b) any Obligation is prepaid and as a result any amounts held to constitute interest are determined to be in excess of the legal maximum,
or (c) Lender or any other holder of any or all of the Obligations shall otherwise collect moneys which are determined to constitute interest which would otherwise increase the interest on any or all of the Obligations to an amount in excess of
that permitted to be charged by applicable Law then in effect, then all sums determined to constitute interest in excess of such legal limit shall, without penalty, be promptly applied to reduce the then outstanding principal of the related
Obligations or, at Lender’s or holder’s option, promptly returned to Borrower or the other payor thereof upon such determination. In determining whether or not the interest paid or payable, under any specific circumstance, exceeds the
maximum amount permitted under applicable Law, Lender and Restricted Persons (and any other payors thereof) shall to the greatest extent permitted under applicable Law, (i) characterize any non-principal payment as an expense, fee or premium
rather than as interest, (ii) exclude voluntary prepayments and the effects thereof, and (iii) amortize, prorate, allocate, and spread the total amount of interest throughout the entire contemplated term of the instruments evidencing the
Obligations in accordance with the amounts outstanding from time to time thereunder and the maximum legal rate of interest from time to time in effect under applicable Law in order to lawfully contract for, charge, or receive the maximum amount of
interest permitted under applicable Law. 
 Section 10.9. Termination; Limited Survival. In its sole and absolute discretion
Borrower may at any time that no Obligations are owing (other than indemnity obligations and similar obligations that survive the termination of this Agreement for which no notice of a claim has been received by Borrower) elect in a written notice
delivered to Lender to terminate this Agreement. Upon receipt by Lender of such a notice, if no such Obligations are then owing this Agreement and all other Loan Documents shall thereupon be terminated and the parties thereto released from all
prospective obligations thereunder. Notwithstanding the foregoing or anything herein to the contrary, any waivers or admissions made by any Restricted Person in any Loan Document, any Obligations under Section 2.5(e) and Section 3.2
through Section 3.6, and any obligations which any Person may have to indemnify or compensate Lender shall survive any termination of this Agreement or any other Loan Document. At the request and expense of Borrower, Lender shall prepare and
execute all necessary instruments to reflect and effect such termination of the Loan Documents. 
 Section 10.10. Severability.
If any term or provision of any Loan Document shall be determined to be illegal or unenforceable all other terms and provisions of the Loan Documents shall nevertheless remain effective and shall be enforced to the fullest extent permitted by
applicable Law. 
  

 68 

 Section 10.11. Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents, and any
separate letter agreements with respect to fees payable to Lender, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to
the subject matter hereof. Except as provided in Section 4.1, this Agreement shall become effective when it shall have been executed by Lender and when Lender shall have received counterparts hereof that, when taken together, bear the
signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement. In the event of any conflict
between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the Lender in the documents listed on
the Security Schedule shall not be deemed a conflict with this Agreement. Notwithstanding any other provision contained in this Agreement and any LC Document now or hereafter executed: (i) in the event of any conflict or inconsistency between
the provisions of this Agreement and the provisions of any LC Document, the provisions of this Agreement shall control; (ii) the definition of “default,” “Default,” “event of default,” and “Event of
Default” as used in any LC Document are hereby deleted in such LC Document and amended to be the same definition as “Event of Default” as defined in this Agreement; and (iii) with the exception of provisions contained in the LC
Documents that specifically by their terms relate to Letters of Credit (to the extent they are not in conflict or inconsistent with the terms of this Agreement), none of the provisions in any of the LC Documents shall be used or enforced to expand,
increase, or make more favorable to Lender, the representations, warranties, or covenants made by the Borrowers and/or the Guarantors, nor increase the remedies available to Lender. Each Loan Document was drafted with the joint participation of the
respective parties thereto and shall be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof. 
 Section 10.12. Waiver of Jury Trial, Punitive Damages, etc. EACH PARTY HERETO INCLUDING, WITHOUT LIMITATION, ANY RESTRICTED PERSON, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, (A) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON
CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (X) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER AND (Y) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

  

 69 

 Section 10.13. USA PATRIOT Act Notice. Lender that is subject to the Act (as hereinafter
defined) and Lender hereby notifies Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 signed into law October 26, 2001) (the “Act”), it is required to obtain, verify and record
information that identifies Borrower and each Guarantor, which information includes the name and address of Borrower and each Guarantor and other information that will allow Lender, as applicable, to identify Borrower and each Guarantor in
accordance with the Act. 
 Section 10.14. Limitation on Guarantor Liability. Each Guarantor and the Lender hereby confirm that
it is the intention of all such parties that any guaranty to be provided pursuant to the terms of this Agreement not constitute a fraudulent transfer or conveyance for the purposes of bankruptcy law, the Uniform Fraudulent Conveyance Act, the
Uniform Fraudulent Transfer Act or any similar federal or sate law to the extent applicable to any guaranty granted pursuant to this Agreement. To effectuate the foregoing limitation, the parties hereto hereby irrevocably agree that the obligations
of such Guarantor will be limited to the maximum amount that will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any
collections from, rights to receive contribution from or payment made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor as contemplated in this Agreement and the Loan Documents, result in the obligations of
such Guarantor under its guaranty delivered to Lender pursuant to the terms of this Agreement not constituting a fraudulent transfer or conveyance. 
 Section 10.15. Partial Releases of Collateral. Collateral may be released from the Lien and security interest created by the Security Documents at any time and from time to time in accordance with the applicable provisions of
the Indenture (except that any certificates or opinions delivered to Indenture Trustee or Collateral Agent shall also be delivered to Lender attention); provided, however, that, (a) Borrower can demonstrate to Lender that Borrower shall
be in pro forma compliance with the financial covenants set forth in ARTICLE VIII of this Agreement prior to, and after the application of the release of such Collateral and (b) no Event of Default exists and is continuing at the time of such
release. 
 [The remainder of this page is intentionally left blank] 
  

 70 

 IN WITNESS WHEREOF, this Agreement is executed as of the date first written above. 
  

			
	BORROWER:
	
	TX ENERGY SERVICES, LLC
		
	By:	 	  

	Name:	 	John E. Crisp
	Title:	 	President, Chief Executive Officer and Secretary
	
	Address:
	P.O. Box 520
	Alice, TX 78333
	Attention: Chief Financial Officer
	
	Telephone: 361-664-0549
	Fax: 361-396-0564
	
	C.C. FORBES, LLC
		
	By:	 	  

	Name:	 	John E. Crisp
	Title:	 	Executive Vice President and Chief Operating Officer
	
	Address:
	P.O. Box 520
	Alice, TX 78333
	Attention: Chief Financial Officer
	
	Telephone: 361-664-0549
	Fax: 361-396-0564

  

 CREDIT AGREEMENT – Signature Page 

  

			
	 SUPERIOR TUBING TESTERS, LLC

		
	By:	 	  

	Name:	 	John E. Crisp
	Title:	 	Executive Vice President

	
	
	Address:
	P.O. Box 520
	Alice, TX 78333
	Attention: Chief Financial Officer
	
	Telephone: 361-664-0549
	Fax: 361-396-0564
	
	 PARENT:

	
	 FORBES ENERGY SERVICES LLC

					
			
	By:	 		 	  

	Name:	 		 	John E. Crisp
	Title:	 		 	President and Chief Executive Officer

	
	
	Address:
	P.O. Box 520
	Alice, TX 78333
	Attention: Chief Financial Officer
	
	Telephone: 361-664-0549
	Fax: 361-396-0564

  

 CREDIT AGREEMENT – Signature Page 

			
	 LENDER:

	
	 CITIBANK, N.A.

		
	By:	 	  

		 	John W. Stam, Vice President
	
	 Address:

	 One Briar Lake Plaza

	 2000 W. Sam Houston Pkwy South, Suite 600

	 Houston, Texas 77042

	 Attention: John W. Stam

	
	 Telephone: (713) 260-3069

	 Fax: (713) 954-2053

  

 CREDIT AGREEMENT – Signature Page 

 SCHEDULE 1 
 DISCLOSURE SCHEDULE 
 To supplement the following sections of the Agreement of which this Schedule is
a part, Borrower hereby makes the following disclosures: 
  

			
	Section 5.6.	 	Initial Financial Statements:
		
		 	None.
		
	Section 5.7.	 	Other Obligations and Restrictions:
		
		 	None.
		
	Section 5.9.	 	Litigation:
		
		 	None.
		
	Section 5.10.	 	Labor Disputes and Acts of God:
		
		 	None.
		
	Section 5.11.	 	ERISA Plans and Liabilities:
		
		 	None.
		
	Section 5.12.	 	Environmental and Other Laws:
		
		 	None.
		
	Section 5.13.	 	Names and Places of Business:

 (a) Set forth below is each other corporate or organizational name each Borrower has had in the
past five years, together with the date of the relevant change: 
  

					
	 Borrower / Guarantor
	  	 Former Name
	  	 Date of Change

	TX Energy Services, LLC	  	Texas Energy Oilfield Management, L.L.C.	  	June 29, 2007
			
	TX Energy Services, LLC	  	Texas Energy Services, L.P.	  	June 29, 2007
			
	TX Energy Services, LLC	  	Texas Energy Services, Inc.	  	September 16, 2003
			
	C.C. Forbes, LLC	  	C.C. Forbes, L.P.	  	June 29, 2007
			
	C.C. Forbes, LLC	  	Forbes Management, L.L.C.	  	June 29, 2007

  

 CREDIT AGREEMENT SCHEDULE 1 - Page 1 

					
	 Borrower / Guarantor
	  	 Former Name
	  	 Date of Change

	Superior Tubing Testers, LLC	  	Superior Tubing Management, L.L.C.	  	June 29, 2007
			
	Superior Tubing Testers, LLC	  	Superior Tubing Testers, L.P.	  	June 29, 2007
			
	Superior Tubing Testers, LLC	  	Superior Tubing Testers, L.L.C.	  	March 17, 2004

 (b) The following is a list of all other names (including trade names or similar appellations)
used by each Borrower and each Guarantor or any of its divisions or other business units in connection with the conduct of its business or the ownership of its properties at any time during the past five years: 
  

			
	 Borrower / Guarantor
	  	 Other Name

	C.C. Forbes, LLC	  	C.C. Forbes Company
		
	C.C. Forbes, LLC	  	C.C. Forbes Company, L.P.
		
	TX Energy Services, LLC	  	Texas Energy Services

 (c) Effective June 29, 2007, (1) Texas Energy Services, L.P., a Texas limited
partnership, and Texas Energy Oilfield Management, L.L.C., a Texas limited liability company, were merged into TX Energy Service, LLC, a Delaware limited liability company, (2) C.C. Forbes, L.P., a Texas limited partnership, and Forbes
Management, L.L.C., a Texas limited liability company, were merged into C.C. Forbes, LLC, a Delaware limited liability company, and (3) Superior Tubing Testers, L.P., a Texas limited partnership, and Superior Tubing Management, L.L.C., a Texas
limited liability company, were merged into Superior Tubing Testers, LLC, a Delaware limited liability company. 
  

 CREDIT AGREEMENT SCHEDULE 1 - Page 2 

 Effective September 16, 2003, Texas Energy Services, Inc., a Texas corporation, was converted into
Texas Energy Services, L.P., a Texas limited partnership. 
 Effective March 17, 2004, Superior Tubing Testers, LLC, a Texas limited
liability company, changed its name to Superior Tubing Management, L.L.C. 
  

					
	 Borrower / Guarantor
	  	 Former Name
	  	 Date of Change

	TX Energy Services, LLC	  	Texas Energy Oilfield Management, L.L.C.	  	June 29, 2007
			
	TX Energy Services, LLC	  	Texas Energy Services, L.P.	  	June 29, 2007
			
	TX Energy Services, LLC	  	Texas Energy Services, Inc.	  	September 16, 2003
			
	C.C. Forbes, LLC	  	C.C. Forbes, L.P.	  	June 29, 2007
			
	C.C. Forbes, LLC	  	Forbes Management, L.L.C.	  	June 29, 2007
			
	Superior Tubing Testers, LLC	  	Superior Tubing Management, L.L.C.	  	June 29, 2007
			
	Superior Tubing Testers, LLC	  	Superior Tubing Testers, L.P.	  	June 29, 2007

  

			
	Section 5.14.	 	Subsidiaries:
		
		 	 (a)    Section 5.14(i) - Subsidiaries of Parent: Forbes Energy Capital Inc., a Delaware corporation TX Energy
Services, LLC, a Delaware limited liability company C.C. Forbes, LLC, a Delaware limited liability company Superior Tubing Testers, LLC, a Delaware limited liability company

		
		 	 (b)    Section 5.14(ii) - None

		
	Section 5.18.	 	Title to Properties; Intellectual Property:
		
		 	See Perfection Certificate
		
	Section 6.2	 	Material Weaknesses:

 The material weaknesses set forth below existed at December 31, 2007, as to
the Borrowers. Following a corporate reorganization effective January 1, 2008, whereby the members of each of the Borrowers transferred all of their respective membership interests in the Borrowers to Parent in exchange for all of the 

  

 CREDIT AGREEMENT SCHEDULE 1 - Page 3 

 
outstanding membership interests in Parent, the material weaknesses set forth below became applicable to the Parent. In addition, such material weaknesses
will also be applicable to any New Parent. 
 Material weaknesses: 
 (a) Parent did not maintain an appropriate accounting and financial reporting organizational structure to support the activities of the Borrowers.
Specifically, Parent did not maintain a sufficient complement of personnel with an appropriate level of accounting knowledge, experience and training to ensure the proper selection, application and implementation of U.S. GAAP or Canadian GAAP.

 (b) Parent did not maintain effective controls over the preparation and review of the combined financial statements and disclosures.
Specifically, effective controls were not designed and in place around (i) the recording of period-end adjustments and accruals necessary to ensure the completeness, accuracy and valuation of the combined accounts, and (ii) the oversight
and review of the combined financial statements and disclosures. This material weakness resulted in audit adjustments affecting substantially all of the financial statement accounts and disclosures of the Borrowers 2005, 2006 and 2007 combined
financial statements and resulted in a prior restatement of the combined statements of cash flows for the years ended December 31, 2005 and 2006. 
 (c) Parent did not maintain effective controls over revenue. Specifically, Parent did not maintain effective controls over the cut-off and completeness of unbilled fluid logistics revenue and associated accounts
receivable. This control deficiency resulted in a prior restatement of the Borrowers’ 2005 and 2006 combined financial statements. 
 (d) Parent did not maintain effective control over accounts payable. Specifically, Parent did not maintain effective controls over cut-off and completeness of accounts payable and associated expenses and capital expenditures. 
 (e) Parent did not maintain effective control over recording of invoices to the proper accounts in the general ledger, including the determination of
capital and expense items. 
 (f) Parent did not maintain effective control over its “OTE” (Accounting for Out of Town Expenses)
income statement account as it did not reconcile OTE reimbursement activity with the detailed supporting documentation in a timely manner. 
 (g) Parent did not maintain effective control over unissued checks as there were numerous check numbers omitted from the 2008 C.C. Forbes LLC disbursements listing as a consequence of insufficient control in distributing checks in addition
to lack of support for voided checks. 
 (h) Parent did not maintain effective control over accrual of the liability for health insurance and
workers compensation expense, as it did not consider all relevant information to assist it in estimating the level of accrual required relating to the incurred but not reported component of the health insurance and workers compensation expense.

  

 CREDIT AGREEMENT SCHEDULE 1 - Page 4 

			
	Section 7.1(e)	 	Existing Indebtedness:
		
		 	None.
		
	Section 7.3	 	Contingent Liabilities:
		
		 	None.
		
	Section 7.8	 	Current Investments:
		
		 	None.

  

 CREDIT AGREEMENT SCHEDULE 1 - Page 5 

 SCHEDULE 2 
 SECURITY SCHEDULE 
 Security Agreement 
 Guaranty Agreement 
 Trademark Security
Agreement (TX Energy) 
 Trademark Security Agreement (C.C. Forbes) 
 Deed of Trust (Jim Wells County, Texas) 
 Landlord Consent and Waiver from Alice Environmental Services, 609 Avenue F, Bay City, TX (Matagorda County) 
 Landlord Consent and
Waiver from Alice Environmental Services, 4281 FM 2199 South, Marshall, TX (Harrison County) 
 Landlord Consent and Waiver from Alice
Environmental Services, Ozona Yard, 4678 Cristobal Road, San Angelo, TX (Tom Green County) 
 Landlord Consent and Waiver from Alice
Environmental Services, Regional Yard, 4764 Cristobal Road, San Angelo, TX (Tom Green County) 
 Landlord Consent and Waiver from Alice
Environmental Services, 1214 Hwy 72, Three Rivers, TX (Live Oak County) 
 Landlord Consent and Waiver from Alice Environmental Services, 100
Loop 517, Carrizo Springs, TX (Dimmit County) 
 Landlord Consent and Waiver from Alice Environmental Services, 904 US 50 North, Carthage, TX
(Panola County) 
 Landlord Consent and Waiver from Alice Environmental Services, 1506 West 15th, Monahans, TX (Ward County) 
 Landlord Consent and Waiver from Alice Environmental Services, 7011 East 1H 20, Odessa, TX (Ector County) 
 Landlord Consent and Waiver from Asa and Sharon Bullard, #5 Hwy 163 South, Ozona, TX (Crocket County) 
 Perfection Certificates of each Borrower and each Guarantor 
  

 CREDIT AGREEMENT SCHEDULE 2 - Page 1 

 Joinder to Deposit Account Control Agreement with Brush Country Bank dated February 12, 2008

 Joinder to Deposit Account Control Agreement with First Community Bank dated February 12, 2008 
 Joinder to Deposit Account Control Agreement with Texas Champion Bank dated February 12, 2008 
 UCC-1 Financing Statements 
  

 CREDIT AGREEMENT SCHEDULE 2 - Page 2 

 SCHEDULE 3 
 LENDER SCHEDULE 
  

			
	Lending Office:	 	Lender Notice:
		
	 Citibank, N.A.
 2000 W. Sam Houston Pkwy South, Suite 600

 Houston, Texas 77042
 Fax: (713) 954-2053
 Telephone No.: (713) 260-3069
 Attention: John W. Stam
 E-Mail: john.w.stam@citi.com
	 	 Citibank, N.A.
 2000 W. Sam Houston Pkwy South, Suite 600

 Houston, Texas 77042
 Fax: (713) 954-2053
 Telephone No.: (713) 260-3069
 Attention: John W. Stam
 E-Mail: john.w.stam@citi.com

  

 CREDIT AGREEMENT SCHEDULE 3 - Page 1 

 EXHIBIT A 
 REVOLVING CREDIT NOTE 
  

					
	$20,000,000.00	 	Houston, Texas	 	April 10, 2008

 FOR VALUE RECEIVED, the undersigned, TX ENERGY SERVICES, LLC, a Delaware limited liability
company, C.C. FORBES, LLC, a Delaware limited liability company and SUPERIOR TUBING TESTERS, LLC, a Delaware limited liability company (collectively the “Borrower”), hereby promises to pay to the order of CITIBANK, N.A.
(“Lender”), the principal sum of TWENTY MILLION AND NO DOLLARS ($20,000,000.00), or, if greater or less, the aggregate unpaid principal amount of the Loans made by Lender to Borrower pursuant to the terms of the Credit Agreement (as
hereinafter defined), together with interest on the unpaid principal balance thereof as set forth in the Credit Agreement, both principal and interest payable as herein provided in lawful money of the United States of America at the offices of
Lender under the Credit Agreement, 2000 W. Sam Houston Pkwy South, Suite 600, Houston, Texas 77042 or at such other place within Harris County, Texas, as from time to time may be designated by the holder of this Note. 
 This Note (a) is issued and delivered under that certain Credit Agreement dated April 10, 2008 between Borrower and Lender (as from time to
time supplemented, amended or restated, the “Credit Agreement”), and is a “Note” as defined therein, (b) is subject to the terms and provisions of the Credit Agreement, which contains provisions for payments and
prepayments hereunder and acceleration of the maturity hereof upon the happening of certain stated events, and (c) is secured by and entitled to the benefits of certain Security Documents (as identified and defined in the Credit Agreement).
Payments on this Note shall be made and applied as provided in the Credit Agreement. Reference is hereby made to the Credit Agreement for a description of certain rights, limitations of rights, obligations and duties of the parties hereto and for
the meanings assigned to terms used and not defined herein and to the Security Documents for a description of the nature and extent of the security thereby provided and the rights of the parties thereto. 
 The principal amount of this Note, together with all interest accrued hereon, shall be due and payable in full on the Maturity Date. 
 Notwithstanding the foregoing paragraph and all other provisions of this Note, in no event shall the interest payable hereon, whether before or after
maturity, exceed the maximum amount of interest which, under applicable Law, may be contracted for, charged, or received on this Note, and this Note is expressly made subject to the provisions of the Credit Agreement which more fully set out the
limitations on how interest accrues hereon. 
 If this Note is placed in the hands of an attorney for collection after default, or if all or
any part of the indebtedness represented hereby is proved, established or collected in any court or in any bankruptcy, receivership, debtor relief, probate or other court proceedings, Borrower and all endorsers, sureties and guarantors of this Note
jointly and severally agree to pay reasonable attorneys’ fees and collection costs to the holder hereof in addition to the principal and interest payable hereunder. 
  

 CREDIT AGREEMENT EXHIBIT A - Page 1 

 Borrower and all endorsers, sureties and guarantors of this Note hereby severally waive demand,
presentment, notice of demand and of dishonor and nonpayment of this Note, protest, notice of protest, notice of intention to accelerate the maturity of this Note, declaration or notice of acceleration of the maturity of this Note, diligence in
collecting, the bringing of any suit against any party and any notice of or defense on account of any extensions, renewals, partial payments or changes in any manner of or in this Note or in any of its terms, provisions and covenants, or any
releases or substitutions of any security, or any delay, indulgence or other act of any trustee or any holder hereof, whether before or after maturity. 
 This Note and the rights and duties of the parties hereto shall be governed by the Laws of the State of New York (without regard to principles of conflicts of law), except to the extent the same are governed by
applicable federal Law. 
  

			
	 TX ENERGY SERVICES, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 C.C. FORBES, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 SUPERIOR TUBING TESTERS, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 CREDIT AGREEMENT EXHIBIT A - Page 2 

 EXHIBIT B 
 BORROWING NOTICE 
 Reference is made to that certain Credit Agreement dated as of April 10, 2008
(as amended or supplemented, the “Agreement”), by and between TX ENERGY SERVICES, LLC, a Delaware limited liability company, C.C. FORBES, LLC, a Delaware limited liability company and SUPERIOR TUBING TESTERS, LLC, a Delaware limited
liability company (collectively the “Borrower”) FORBES ENERGY SERVICES LLC, a Delaware limited liability company (the “Parent”) as a guarantor, and CITIBANK, N.A. (“Lender”). Terms which are defined
in the Agreement are used herein with the meanings given them in the Agreement. Borrower hereby requests a Borrowing of new Loans to be advanced pursuant to Section 2.2 of the Agreement as follows: 
  

					
	 Aggregate amount of Borrowing:
	 	$	  	  

			
	 Type of Loans in Borrowing:
	 		  	  

			
	 Date on which Loans are to be advanced:
	 		  	  

			
	 Length of Interest Period for Libor Loans (3 months):
	 		  	Three months
			
	 If combined with existing Loans see attached Continuation/Conversion Notice.
	 		  	

 To induce Lender to make such Loans, Borrower hereby represents, warrants, acknowledges, and
agrees to and with Lender that: 
 (yyy) The officer of Borrower signing this instrument is the duly elected, qualified and acting officer of
Borrower as indicated below such officer’s signature hereto having all necessary authority to act for Borrower in making the request herein contained. 
 (zzz) The representations and warranties of Borrower set forth in the Agreement and the other Loan Documents are true and correct in all material respects on and as of the date hereof (except to the extent that the
facts on which such representations and warranties are based have been changed by the extension of credit under the Agreement), with the same effect as though such representations and warranties had been made on and as of the date hereof, except for
any such representation or warranty that expressly applies to a specified earlier date, in which case such representation or warranty shall have been true in all material respects on and as of such earlier date. 
 (aaaa) There does not exist on the date hereof any condition or event which constitutes a Default which has not been waived in writing as provided in
Section 10.1(a) of the Agreement; nor will any such Default exist upon Borrower’s receipt and application of the Loans requested hereby. Borrower will use the Loans hereby requested in compliance with Section 2.4 of the Agreement.

  

 CREDIT AGREEMENT EXHIBIT B - Page 1 

 (bbbb) Except to the extent waived in writing as provided in Section 10.1(a) of the Agreement,
Borrower has performed and complied with all agreements and conditions in the Agreement required to be performed or complied with by Borrower on or prior to the date hereof, and each of the conditions precedent to Loans contained in the Agreement
remains satisfied. 
 (cccc) The Facility Usage, after the making of the Loans requested hereby, will not be in excess of the Borrowing Base
on the date requested for the making of such Loans. 
 (dddd) The Loan Documents have not been modified, amended or supplemented by any
unwritten representations or promises, by any course of dealing, or by any other means not provided for in Section 10.1(a) of the Agreement. The Agreement and the other Loan Documents are hereby ratified, approved, and confirmed in all
respects. 
 The officer of Borrower signing this instrument hereby certifies that, to the best of his knowledge after due inquiry, the above
representations, warranties, acknowledgments, and agreements of Borrower are true, correct and complete. 
 IN WITNESS WHEREOF, this
instrument is executed as of             , 20    . 
  

			
	 TX ENERGY SERVICES, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 C.C. FORBES, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 SUPERIOR TUBING TESTERS, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 CREDIT AGREEMENT EXHIBIT B - Page 2 

 EXHIBIT C 
 CONTINUATION/CONVERSION NOTICE 
 Reference is made to that certain Credit Agreement dated as of
April 10, 2008 (as amended or supplemented, the “Agreement”), by and between TX ENERGY SERVICES, LLC, a Delaware limited liability company, C.C. FORBES, LLC, a Delaware limited liability company and SUPERIOR TUBING TESTERS,
LLC, a Delaware limited liability company (collectively the “Borrower”) FORBES ENERGY SERVICES LLC, a Delaware limited liability company (the “Parent”) as a guarantor, and Citibank, N.A. (“Lender”).
Terms which are defined in the Agreement are used herein with the meanings given them in the Agreement. 
 Borrower hereby requests a
Conversion or Continuation of existing Loans into a new Borrowing pursuant to Section 2.3 of the Agreement as follows: 
 Existing
Borrowing(s) to be continued or converted: 
 $              of Libor Loans
with Interest Period ending                     . 
 $              of Base Rate Loans 
 If
being combined with new Loans, $              of new Loans to be advanced on
                     
  

					
	 Aggregate amount of Borrowing:
	 	$	  	  

			
	 Type of Loans in new Borrowing:
	 		  	  

			
	 Date of Continuation or Conversion:
	 		  	  

			
	 Length of Interest Period for Libor Loans (3 months):
	 		  	Three months

 To meet the conditions set out in the Agreement for such conversion/continuation, Borrower hereby
represents, warrants, acknowledges, and agrees to and with Lender that: 
 (eeee) The officer of Borrower signing this instrument is the duly
elected, qualified and acting officer of Borrower as indicated below such officer’s signature hereto having all necessary authority to act for Borrower in making the request contained herein. 
 (ffff) There does not exist on the date hereof any condition or event which constitutes a Default which has not been waived in writing as provided in
Section 10.1(a) of the Agreement. 
 (gggg) The Loan Documents have not been modified, amended or supplemented by any unwritten
representations or promises, by any course of dealing, or by any other means not provided for in Section 10.1(a) of the Agreement. The Agreement and the other Loan Documents are hereby ratified, approved, and confirmed in all respects.

  

 CREDIT AGREEMENT EXHIBIT C - Page 1 

 The officer of Borrower signing this instrument hereby certifies that, to the best of his knowledge after
due inquiry, the above representations, warranties, acknowledgments, and agreements of Borrower are true, correct and complete. 
 IN WITNESS
WHEREOF this instrument is executed as of                     . 
  

			
	 TX ENERGY SERVICES, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 C.C. FORBES, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 SUPERIOR TUBING TESTERS, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 CREDIT AGREEMENT EXHIBIT C - Page 2 

 EXHIBIT D 
 CERTIFICATE ACCOMPANYING 
 FINANCIAL STATEMENTS 
 Reference is made to that certain Credit Agreement dated as of April 10, 2008 (as amended or supplemented, the “Agreement”), by and
between TX ENERGY SERVICES, LLC, a Delaware limited liability company, C.C. FORBES, LLC, a Delaware limited liability company and SUPERIOR TUBING TESTERS, LLC, a Delaware limited liability company (collectively the “Borrower”),
FORBES ENERGY SERVICES LLC, a Delaware limited liability company (the “Parent”) as a guarantor, and Citibank, N.A. (“Lender”), which Agreement is in full force and effect on the date hereof. Terms which are defined
in the Agreement are used herein with the meanings given them in the Agreement. 
 This Certificate is furnished pursuant to
Section 6.2(b) of the Agreement. Together herewith Parent is furnishing to Lender its Consolidated Subsidiaries *[audited/unaudited] financial statements (the “Financial Statements”) as at
                     (the “Reporting Date”). Parent hereby represents, warrants, and acknowledges to Lender that: 

(hhhh) the officer of Parent signing this instrument is the duly elected, qualified and acting ____________ of Parent and as such is Parent’s
chief financial officer; 
 (iiii) the Financial Statements are accurate and complete and satisfy the requirements of the Agreement;

 (jjjj) attached hereto is a schedule of calculations showing the Borrower’s compliance as of the Reporting Date with the requirements
of Sections                      of the Agreement *[and Borrower’s non-compliance as of such date with the requirements of Section(s)
                     of the Agreement]; 
 (kkkk) on the Reporting Date Borrower was, and on the date hereof Borrower is, in full compliance with the disclosure requirements of Section 6.4 of the Agreement, and no Default otherwise existed on the Reporting Date or otherwise
exists on the date of this instrument *[except for Default(s) under Section(s)                      of the Agreement, which *[is/are] more
fully described on a schedule attached hereto]. 
 (llll)*[Unless otherwise disclosed on a schedule attached hereto,] The representations and
warranties of Borrower set forth in the Agreement and the other Loan Documents are true and correct on and as of the date hereof (except to the extent that the facts on which such representations and warranties are based have been changed by the
extension of credit under the Agreement), with the same effect as though such representations and warranties had been made on and as of the date hereof. 
 The officer of Parent signing this instrument hereby certifies that he has reviewed the Loan Documents and the Financial Statements and has otherwise undertaken such inquiry as is in his/her opinion necessary to
enable him/her to express an informed opinion with respect to the above representations, warranties and acknowledgments of Parent and, to the best of his/her knowledge, such representations, warranties, and acknowledgments are true, correct and
complete. 
  

 CREDIT AGREEMENT EXHIBIT D - Page 1 

 IN WITNESS WHEREOF, this instrument is executed as of
            , 20    . 
  

			
	 TX ENERGY SERVICES, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 C.C. FORBES, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 SUPERIOR TUBING TESTERS, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 FORBES ENERGY SERVICES LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 CREDIT AGREEMENT EXHIBIT D - Page 2 

 EXHIBIT E 
 

 
 Borrowing Base Certificate 
  

			
	Borrower:	  	TX ENERGY SERVICES, LLC, a Delaware limited liability company, C.C. FORBES, LLC, a Delaware limited liability company and SUPERIOR TUBING TESTERS, LLC, a Delaware limited liability company

 As of month end Date:
                     
  

										
		 		  	Accounts Receivables	  		  		
			
	 Total Accounts Receivable
	  		  	$	                    
			
	 Less Ineligible Accounts Receivable
	  	(-)	  	$	                    
					
		 	 (a)
	  	accounts to Affiliate	  		  	$	                    
					
		 	 (b)
	  	pre-billings or unearned income	  		  	$	                    
					
		 	 (c)
	  	more than 120 days past the invoice date	  		  	$	                    
					
		 	 (d)
	  	accounts subject to dispute, counterclaim, setoff or retainage	  		  	$	                    
					
		 	 (e)
	  	all accounts of an account history if more than 50% are past due	  		  	$	                    
					
		 	 (f)
	  	accounts of insolvent or bankrupt Account Debtors	  		  	$	                    
					
		 	 (g)
	  	foreign accounts	  		  	$	                    
					
		 	 (h)
	  	conditional accounts	  		  	$	                    
					
		 	 (i)
	  	accounts of the US Government	  		  	$	                    
					
		 	 (j)
	  	accounts with more than 25% concentration	  		  	$	                    
					
		 	 (k)
	  	accounts of employees, sales agents, or independent contractors	  		  	$	                    

  

 CREDIT AGREEMENT EXHIBIT E - Page 1 

										
					
		 	(l)	  	accounts subject to a Lien other than a Permitted Loan	  		  	$                    	 
					
		 	(m)	  	accounts that are not valid, binding and enforceable against the Account Debtor	  		  	$                    	 
					
		 	(n)	  	any account to the extent not subject to an enforceable and duly perfected first priority Lien (subject to the Permitted Liens) in favor of Lender	  		  	$                    	 
			
	TOTAL ELIGIBLE ACCOUNTS RECEIVABLES	  		  	$                    	 
			
	Advance Rate	  	X	  	                80	%
			
	NET ACCOUNTS RECEIVABLE COLLATERAL BASE	  		  	$                    	 
			
	TOTAL BORROWING BASE	  		  	$                    	 
			
	Less Balance on Line of Credit	  	(-)	  	$                    	 
			
	Collateral Excess/(Deficiency)	  		  	$                    	 

 (If result of Total Borrowing Base is a negative figure, 
 this amount is due immediately as a principal payment.) 
 I acknowledge
that this Borrowing Base Certificate is true and correct as of the reporting date and accurately represents the Borrower’s borrowing base condition as per the loan agreement. Further the Borrower acknowledges that no uncured or unwaived default
has occurred. 
  

			
	  
	 	  

	Borrower	 	Date

  

 CREDIT AGREEMENT EXHIBIT D - Page 2 

 EXHIBIT F 
 PERFECTION CERTIFICATE 
 Reference is made to that certain Credit Agreement dated as of
April 10, 2008 (as amended or supplemented, the “Agreement”), by and between TX ENERGY SERVICES, LLC, a Delaware limited liability company, C.C. FORBES, LLC, a Delaware limited liability company and SUPERIOR TUBING TESTERS,
LLC, a Delaware limited liability company (collectively the “Borrower”), FORBES ENERGY SERVICES LLC, a Delaware limited liability company (the “Parent”) as a guarantor, and Citibank, N.A.
(“Lender”), which Agreement is in full force and effect on the date hereof. Terms which are defined in the Agreement are used herein with the meanings given them in the Agreement. 
 In connection with the Agreement, the undersigned hereby certifies to the Lender as follows, as of the date hereof: 
 SECTION 1. Names. 
 (a) The exact
corporate or organizational name of each Borrower and other Guarantor, as such name appears in its certificate of incorporation, is as follows: 
  

	 	1.	The Borrowers are as follows: 

 TX ENERGY SERVICES, LLC

 C.C. FORBES, LLC 
 SUPERIOR
TUBING TESTERS, LLC 
  

	 	2.	The Guarantors are as follows: 

 FORBES ENERGY SERVICES LLC

 FORBES ENERGY CAPITAL INC. 
 (b) Set forth below is each other corporate or organizational name each Borrower and each Guarantor has had in the past five years, together with the date of the relevant change: 
  

					
	 Borrower / Guarantor
	  	 Former Name
	  	 Date of Change

	TX Energy Services, LLC	  	Texas Energy Oilfield Management, L.L.C.	  	June 29, 2007
			
	TX Energy Services, LLC	  	Texas Energy Services, L.P.	  	June 29, 2007

  

 CREDIT AGREEMENT EXHIBIT F — 1 

					
	 Borrower / Guarantor
	  	 Former Name
	  	 Date of Change

	TX Energy Services, LLC	  	Texas Energy Services, Inc.	  	September 16, 2003
			
	C.C. Forbes, LLC	  	C.C. Forbes, L.P.	  	June 29, 2007
			
	C.C. Forbes, LLC	  	Forbes Management, L.L.C.	  	June 29, 2007
			
	Superior Tubing Testers, LLC	  	Superior Tubing Management, L.L.C.	  	June 29, 2007
			
	Superior Tubing Testers, LLC	  	Superior Tubing Testers, L.P.	  	June 29, 2007
			
	Superior Tubing Testers, LLC	  	Superior Tubing Testers, L.L.C.	  	March 17, 2004

 (c) Except as set forth in Schedule 1 hereto, no Borrower or Guarantor has changed its
identity or organizational structure in any way within the past five years. Changes in identity or organizational structure would include mergers, consolidations and acquisitions, as well as any change in the form, nature or jurisdiction of the
organization. If any such change has occurred, include in Schedule 1 the information required by Sections 1 and 2 of this certificate as to each acquired or constituent party to a merger or consolidation. 

(d) The following is a list of all other names (including trade names or similar appellations) used by each Borrower and each Guarantor or any of its
divisions or other business units in connection with the conduct of its business or the ownership of its properties at any time during the past five years: 
  

			
	 Borrower / Guarantor
	  	 Other Name

	C.C. Forbes, LLC	  	C.C. Forbes Company
		
	C.C. Forbes, LLC	  	C.C. Forbes Company, L.P.
		
	TX Energy Services, LLC	  	Texas Energy Services

 Except as set forth above, each Borrower or Guarantor has used only its current or former
organizational name. 
 (e) Set forth below is the organizational number of each Borrower and each Guarantor that is a registered
organization: 
  

					
	 Borrower / Guarantor
	  	 State/Province Organized
	  	 Organization Number

	TX Energy Services, LLC	  	Delaware	  	4379582
			
	C.C. Forbes, LLC	  	Delaware	  	4379586

  

 CREDIT AGREEMENT EXHIBIT F — 2 

					
	 Borrower / Guarantor
	  	 State/Province Organized
	  	 Organization Number

	Superior Tubing Testers, LLC	  	Delaware	  	4379576
			
	Forbes Energy Services LLC	  	Delaware	  	4477663
			
	Forbes Energy Capital Inc.	  	Delaware	  	4477666

 (f) Set forth below is the Federal Taxpayer Identification Number of each Borrower and each
Guarantor, if applicable: 
  

			
	 Borrower / Guarantor
	  	 FEIN

	TX Energy Services, LLC	  	TIN 74-2505843
		
	C.C. Forbes, LLC	  	TIN 16-1685695
		
	Superior Tubing Testers, LLC	  	TIN 20-0905969
		
	Forbes Energy Services LLC	  	TIN 26-1686176
		
	Forbes Energy Capital Inc.	  	TIN 26-1697373

 SECTION 2. Current Locations. 
 (a) The chief executive office of each Borrower and each Guarantor is located at the address set forth opposite its name below: 
  

			
	 Borrower / Guarantor
	  	 Chief Executive Office

	TX Energy Services, LLC	  	3000 South Business Highway 281, Alice, Texas 78332
		
	C.C. Forbes, LLC	  	3000 South Business Highway 281, Alice, Texas 78332
		
	Superior Tubing Testers, LLC	  	3000 South Business Highway 281, Alice, Texas 78332
		
	Forbes Energy Services LLC	  	3000 South Business Highway 281, Alice, Texas 78332
		
	Forbes Energy Capital Inc.	  	3000 South Business Highway 281, Alice, Texas 78332

 (b) The jurisdiction of formation of each Borrower and each Guarantor that is a registered
organization is set forth opposite its name below: 
  

			
	 Borrower / Guarantor
	  	 Jurisdiction

	TX Energy Services, LLC	  	Delaware
		
	C.C. Forbes, LLC	  	Delaware

  

 CREDIT AGREEMENT EXHIBIT F — 3 

			
	 Borrower / Guarantor
	  	 Jurisdiction

	Superior Tubing Testers, LLC	  	Delaware
		
	Forbes Energy Services LLC	  	Delaware
		
	Forbes Energy Capital Inc.	  	Delaware

 (c) Set forth below opposite the name of each Borrower and each Guarantor are all the locations
where such Person maintains (or has at any time during the preceding one year maintained) any Equipment or other Collateral, or any books and records related thereto, and not identified above: 
  

			
	 Borrower / Guarantor
	  	 Location

	TX Energy Services, LLC	  	3000 Business Hwy 281 South, Alice, Texas, Jim Wells
		
	TX Energy Services, LLC	  	Hwy 59 North (1/2 mile North of Freer), Freer, Texas, Duval
		
	TX Energy Services, LLC	  	5215 Zapata Hwy, Laredo, Texas, Webb
		
	TX Energy Services, LLC	  	FM 3169 (1 mile East of San Ygnacio), San Ygnacio, Texas, Zapata
		
	TX Energy Services, LLC	  	631 FM 622, Goliad, Texas, Goliad
		
	TX Energy Services, LLC	  	609 Avenue F, Bay City, Bay City, Texas, Matagorda
		
	TX Energy Services, LLC	  	4281 FM 2199 South, Marshall, Texas, Harrison
		
	TX Energy Services, LLC	  	599 Hwy 111 N, Edna, Texas, Jackson
		
	TX Energy Services, LLC	  	4678 Christobal Road, San Angelo, San Angelo, Texas, Tom Green
		
	TX Energy Services, LLC	  	1214 Hwy 72, Three Rivers, Texas, Live Oak
		
	TX Energy Services, LLC	  	100 Loop 517, Carrizo Springs, Texas, Dimmit
		
	TX Energy Services, LLC	  	8688 Hanger Road, Big Springs, Texas, Howard
		
	TX Energy Services, LLC	  	6501 D North Hwy 281, Edinburg, Texas, Hidalgo
		
	TX Energy Services, LLC	  	8 Miles East of Ozona, Crockett County, Texas
		
	TX Energy Services, LLC	  	3 Miles East of Marshall, Harrison County, Texas
		
	TX Energy Services, LLC	  	6 Miles South of Alice, Jim Wells County, Texas
		
	TX Energy Services, LLC	  	6 Miles South of Carrizo Springs, Dimmit County, Texas

  

 CREDIT AGREEMENT EXHIBIT F — 4 

			
	 Borrower / Guarantor
	  	 Location

	TX Energy Services, LLC	  	7329 N. Hwy 71, Godley, Johnson County, Texas
		
	C.C. Forbes, LLC	  	4783 Business Hwy 281 South, Alice, Texas, Jim Wells
		
	C.C. Forbes, LLC	  	4764 Christobal Road, San Angelo, Texas, Tom Green
		
	C.C. Forbes, LLC	  	904 US 50 North, Carthage, Texas, Panola
		
	C.C. Forbes, LLC	  	1506 West 15th, Monahans, Texas, Ward
		
	C.C. Forbes, LLC	  	7011 East IH 20, Odessa, Texas, Ector
		
	C.C. Forbes, LLC	  	1904 US Hwy 135 N, Kilgore, Texas, Gregg
		
	C.C. Forbes, LLC	  	8 Miles East of Ozona, Crockett County, Texas
		
	C.C. Forbes, LLC	  	1 Mile East of San Ygnacio, Zapata County, Texas
		
	C.C. Forbes, LLC	  	9 Miles South of Freer, Duvall County, Texas
		
	C.C. Forbes, LLC	  	17 Miles South of Zapata, Zapata County, Texas
		
	C.C. Forbes, LLC	  	30 Miles East of Laredo, Webb County, Texas
		
	C.C. Forbes, LLC	  	5 Miles East of Wharton, Wharton County, Texas
		
	C.C. Forbes, LLC	  	6 Miles South of Laredo, Webb County, Texas
		
	C.C. Forbes, LLC	  	3 Miles West of Goliad, Goliad County, Texas
		
	C.C. Forbes, LLC	  	8 Miles East of Ozona, Crockett County, Texas
		
	C.C. Forbes, LLC	  	3 Miles East of Marshall, Harrison County, Texas
		
	C.C. Forbes, LLC	  	7329 N. Hwy 171, Godley, Johnson County, Texas
		
	C.C. Forbes, LLC	  	22 Miles South of Baxterville, Uninc Lamar County, Mississippi
		
	C.C. Forbes, LLC	  	1 Mile West of Denver City, Yoakum County, Texas
		
	Superior Tubing Testers, LLC	  	3000 Business Hwy 281 South, Alice, Jim Wells County, Texas,
		
	Superior Tubing Testers, LLC	  	720 Business HWY 281 South, Bldg. C, Alice, Jim Wells, County, Texas
		
	Forbes Energy Services LLC	  	3000 Business Hwy 281 South, Alice, Jim Wells County, Texas
		
	Forbes Energy Capital Inc.	  	3000 Business Hwy 281 South, Alice, Jim Wells County, Texas

  

 CREDIT AGREEMENT EXHIBIT F — 5 

 (d) Set forth below are all the places of business of each Borrower and each Guarantor not identified in
paragraph (a), (b) or (c) above: 
 None. 
 (e) Set forth below are the names and addresses of all Persons other than the Borrowers or the Guarantors that have possession of any of the Collateral of any Borrower or Guarantor: 
 See Section 10 below. 
 SECTION
3. Schedule of Filing. Attached hereto as Schedule 3 is a schedule setting forth, with respect to the UCC-1 financing statements to be filed in respect of each Borrower and each Guarantor in connection with the Security Agreement,
each filing and the filing office in which such filing is to be made. 
 SECTION 4. Stock Ownership and other Equity Interests.
Attached hereto as Schedule 4 is a true and correct list of all the issued and outstanding stock, partnership interests, limited liability company membership interests or other equity interests of each Borrower and each Guarantor and
each Subsidiary of an Borrower or Guarantor and the record and beneficial owners of such stock, partnership interests, membership interests or other equity interests. Also set forth on Schedule 4 is each equity investment of any Borrower
or Guarantor or any Subsidiary of an Borrower or Guarantor that represents 50% or less of the equity of the entity in which such investment was made. 
 SECTION 5. Debt Instruments. Attached hereto as Schedule 5 is a true and correct list of all instruments, including any promissory notes, and other evidence of indebtedness held by any Borrower or
Guarantor or any Subsidiary of any Borrower or Guarantor, which are required to be pledged under the Security Agreement, including all intercompany notes between any Borrower or Guarantor and any Subsidiary of an Borrower or Guarantor and each such
Subsidiary and any other such Subsidiary. 
 SECTION 6. Advances. Attached hereto as Schedule 6 is (a) a true and
correct list of all advances made by any Borrower or Guarantor to any Subsidiary of an Borrower or Guarantor or made by any Subsidiary of any Borrower or Guarantor to any Borrower or Guarantor or to any other Subsidiary (other than those identified
on Schedule 5), and (b) a true and correct list of all unpaid intercompany transfers of goods sold and delivered by or to any Borrower or Guarantor or any Subsidiary of an Borrower or Guarantor. 
 SECTION 7. Mortgage Filings. Attached hereto as Schedule 7 is a schedule setting forth, with respect to each parcel of real property
owned by any Borrower or Guarantor in fee simple ownership: (a) the exact name of the Person that owns such property as such name appears in its certificate of incorporation or other organizational document, (b) if different from the name
identified pursuant to clause (a), the exact name of the current record holder of such property reflected in the records of the filing office for such property identified pursuant to the 

  

 CREDIT AGREEMENT EXHIBIT F — 6 

 
following clause and (c) the filing office in which a mortgage or deed of trust (as applicable) with respect to such property must be filed or recorded
in order for the Lender to obtain a perfected mortgage lien thereon. 
 SECTION 8. Intellectual Property. Attached hereto as
Schedule 8(A) is a schedule setting forth all of each Borrower’s and each Guarantor’s Patents, Patent Licenses, Trademarks and Trademark Licenses, including the name of the registered owner, the registration number and the
expiration date of each Patent, Patent License, Trademark and Trademark License owned by such Borrower or Guarantor. Attached hereto as Schedule 8(B) is a schedule setting forth all of each Borrower’s and each Guarantor’s
Copyrights and Copyright Licenses, including the name of the registered owner, the registration number and the expiration date of each Copyright or Copyright License owned by such Borrower or Guarantor. 
 SECTION 9. Commercial Tort Claims. Attached hereto as Schedule 9 is a true and correct list of commercial tort claims held by each
Borrower and each Guarantor, including a brief description thereof. 
 SECTION 10. Deposit Accounts and Securities Accounts. Attached
hereto as Schedule 10 is (i) a true and correct list of each and every Deposit Account and Securities Account owned by each Borrower and each Guarantor and (ii) a true and correct list of Deposit Accounts owned by each Borrower
and each Guarantor used exclusively for payroll purposes. 
 SECTION 11. Directors and Persons Controlling the Business. Attached
hereto as Schedule 11 is a true and correct list of each director or other person (including shareholders or members) that controls each Borrower and each Guarantor. 
 SECTION 12. Certificates of Title. Attached hereto as Schedule 12 is a true and correct list of each vehicle, including motor vehicles,
tractors, trailers, aircraft and boats, subject to a certificate of title statute (in each case except to the extent that such vehicles would otherwise constitute passenger vehicles, light trucks (such as crew trucks with rated capacities ranging
from one-half ton to one ton) and fork lifts) owned by any Borrower or Guarantor. 
 [Remainder of page intentionally left blank.] 

  

 CREDIT AGREEMENT EXHIBIT F — 7 

 IN WITNESS WHEREOF, the undersigned have duly executed this certificate on this
     day of April, 2008. 
  

			
	TX ENERGY SERVICES, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	C.C. FORBES, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	SUPERIOR TUBING TESTERS, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	FORBES ENERGY SERVICES LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	FORBES ENERGY CAPITAL INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 CREDIT AGREEMENT EXHIBIT F — 8 

 Schedule 1 
 to Perfection Certificate 
 Changes in Identity or Organizational Structure 
 Effective June 29, 2007, (1) Texas Energy Services, L.P., a Texas limited partnership, and Texas Energy Oilfield Management, L.L.C., a Texas
limited liability company, were merged into TX Energy Service, LLC, a Delaware limited liability company, (2) C.C. Forbes, L.P., a Texas limited partnership, and Forbes Management, L.L.C., a Texas limited liability company, were merged into
C.C. Forbes, LLC, a Delaware limited liability company, and (3) Superior Tubing Testers, L.P., a Texas limited partnership, and Superior Tubing Management, L.L.C., a Texas limited liability company, were merged into Superior Tubing Testers,
LLC, a Delaware limited liability company. 
 Effective September 16, 2003, Texas Energy Services, Inc., a Texas corporation, was
converted into Texas Energy Services, L.P., a Texas limited partnership. 
 Effective March 17, 2004, Superior Tubing Testers, L.L.C., a
Texas limited liability company, changed its name to Superior Tubing Management, L.L.C. 
  

					
	 Borrower / Guarantor
	  	 Former Name
	  	 Date of Change

	TX Energy Services, LLC	  	Texas Energy Oilfield Management, L.L.C.	  	June 29, 2007
			
	TX Energy Services, LLC	  	Texas Energy Services, L.P.	  	June 29, 2007
			
	TX Energy Services, LLC	  	Texas Energy Services, Inc.	  	September 16, 2003
			
	C.C. Forbes, LLC	  	C.C. Forbes, L.P.	  	June 29, 2007
			
	C.C. Forbes, LLC	  	Forbes Management, L.L.C.	  	June 29, 2007
			
	Superior Tubing Testers, LLC	  	Superior Tubing Management, L.L.C.	  	June 29, 2007
			
	Superior Tubing Testers, LLC	  	Superior Tubing Testers, L.P.	  	June 29, 2007

  

 CREDIT AGREEMENT EXHIBIT F — 1 

 Schedule 3 
 to Perfection Certificate 
 UCC-1 Filings for Credit Agreement 
  

					
	 Debtor
	  	 Secured Party
	  	 Jurisdiction

	TX Energy Services, LLC	  	Citibank, N.A., as Secured Party	  	Delaware
			
	C.C. Forbes, LLC	  	Citibank, N.A., as Secured Party	  	Delaware
			
	Superior Tubing Testers, LLC	  	Citibank, N.A., as Secured Party	  	Delaware
			
	Forbes Energy Services LLC	  	Citibank, N.A., as Secured Party	  	Delaware
			
	Forbes Energy Capital Inc.	  	Citibank, N.A., as Secured Party	  	Delaware

  

 CREDIT AGREEMENT EXHIBIT F — 1 

 Schedule 4 
 to Perfection Certificate 
 Outstanding Equity Interests 
  

											
	 Borrower
	  	 Number of
 Certificate
	  	 Registered
 Owner
	  	 Number and
 Class of Interest
	  	Percentage of All
Such Outstanding
Interests	 	 To Be
 Pledged

	TX Energy Services, LLC	  	NA	  	Forbes Energy Services LLC	  	Membership interest	  	100.0%	 	Yes
						
	C.C. Forbes, LLC	  	NA	  	Forbes Energy Services LLC	  	Membership interest	  	100.0%	 	Yes
						
	Superior Tubing Testers, LLC	  	NA	  	Forbes Energy Services LLC	  	Membership interest	  	100.0%	 	Yes
						
	Forbes Energy Services LLC	  	NA	  	John E. Crisp	  	Membership interest	  	30.0%	 	No
						
	Forbes Energy Services LLC	  	NA	  	Charles C. Forbes, Jr.	  	Membership interest	  	30.0%	 	No
						
	Forbes Energy Services LLC	  	NA	  	Janet Forbes	  	Membership interest	  	30.0%	 	No
						
	Forbes Energy Services LLC	  	NA	  	Robert E. Jenkins, Jr.	  	Membership interest	  	3.0%	 	No
						
	Forbes Energy Services LLC	  	NA	  	James Clinton Carpenter	  	Membership interest	  	3.0%	 	No
						
	Forbes Energy Services LLC	  	NA	  	Armando Flores	  	Membership interest	  	3.0%	 	No
						
	Forbes Energy Services LLC	  	NA	  	Steve Macek	  	Membership interest	  	1.0%	 	No
						
	Forbes Energy Capital Inc.	  	1	  	Forbes Energy Services LLC	  	1,000 shares of Common Stock	  	100.0%	 	Yes

 Schedule 5 
 to Perfection Certificate 
 Debt Instruments 
 None. 
  

 CREDIT AGREEMENT EXHIBIT F — 1 

 Schedule 6 
 to Perfection Certificate 
 Advances 
 None. 
  

 CREDIT AGREEMENT EXHIBIT F — 1 

 Schedule 7 
 to Perfection Certificate 
 Mortgage Filings 
  

							
	 Owner
	  	 Current Record Owner
	  	 Property Location
	  	 Filing Location

	C.C. Forbes, LLC	  	C.C. Forbes, L.P.	  	 4783 Business Hwy 281
 South
 Alice, TX
	  	 Jim Wells County
 Ruben Sandoval
 PO Box 1459
 Alice, TX 78333

				
	C.C. Forbes, LLC	  	C.C. Forbes Company, L.P.	  	 801 FM 3169
 San Ygnacio, TX
	  	 Zapata County
 Mary Villarreal-Bonoan,
 County Clerk
 P.O. Box 789
 Zapata, TX 78076

  

 CREDIT AGREEMENT EXHIBIT F — 1 

 Schedule 8(A) 
 to Perfection Certificate 
 U.S. Patents 
 None. 
 U.S. Patent Applications 
 None. 
 Non-U.S. Patent Applications 

 None. 
 U.S. Trademark
Registrations 
  

													
	 Trademark
	  	 Filing Date
	  	 Appl. No.
	  	 Issue Date
	  	 Reg. No.
	  	 Status
	  	 Owner

	Texas Energy & Design	  	August 7, 2007	  	77/248746	  		  		  	Pending	  	TX Energy Services, LLC
							
	The Rig People	  	August 6, 2007	  	77/248324	  		  		  	Pending	  	C.C. Forbes, LLC
	Texas Size Service	  	August 6, 2007	  	77/248310	  		  		  	Pending	  	TX Energy Services, LLC

 Non-U.S. Trademark Registrations 
 None. 
 Common Law Trademarks 
  

			
	 Trademark
	  	 Owner

	Forbes Energy Services	  	Forbes Energy Services LLC
		
	Forbes Energy Capital	  	Forbes Energy Capital Inc.
		
	C.C. Forbes	  	C.C. Forbes, LLC
		
	C.C. Forbes Company	  	C.C. Forbes, LLC
		
	Superior Tubing Testers	  	Superior Tubing Testers, LLC
		
	Texas Energy Services	  	TX Energy Services, LLC
		
	TX Energy Services	  	TX Energy Services, LLC

  

 CREDIT AGREEMENT EXHIBIT F — 1 

 Licenses 
 None. 
  

 CREDIT AGREEMENT EXHIBIT F — 2 

 Schedule 8(B) 
 to Perfection Certificate 
 U.S. Copyrights Owned By Borrower / Guarantor 
 None. 
  

 CREDIT AGREEMENT EXHIBIT F — 1 

 Schedule 9 
 to Perfection Certificate 
 Commercial Tort Claims 
 None. 
  

 CREDIT AGREEMENT EXHIBIT F — 1 

 Schedule 10 
 to Perfection Certificate 
 Deposit Accounts and Securities Accounts of Borrower / Guarantor 

  

							
	 Borrower / Guarantor
	 	 Depository Bank
	 	 Type of Account
	 	 Account Number

	C.C. Forbes, LLC	 	Brush Country Bank	 	Oil & Gas Account, operating and payroll	 	1008862
				
	C.C. Forbes, LLC	 	Brush Country Bank	 	OTE Account, travel expenses	 	1018051
				
	C.C. Forbes, LLC	 	Brush Country Bank	 	 Employee Benefit Plan Trust –
 Insurance,
health insurance
	 	1017950
	 TX Energy Services,
 LLC
	 	Texas Champion Bank	 	Operating	 	101040533
	 TX Energy Services,
 LLC
	 	Texas Champion Bank	 	 Employee Benefit Plan Trust –
 Insurance, health
insurance
	 	1017942
	 Superior Tubing
 Testers, LLC
	 	First Community Bank	 	Operating and payroll	 	38172

 Accounts Used Exclusively for Payroll Purposes 
  

							
	 Co-Issuer / Guarantor
	 	 Depository Bank
	 	 Type of Account
	 	 Account Number

	TX Energy Services, LLC	 	Texas Champion Bank	 	Payroll account	 	101028622

  

 CREDIT AGREEMENT EXHIBIT F — 1 

 Schedule 11 
 to Perfection Certificate 
 Directors or Persons Controlling the Business of 
 Borrowers / Guarantors 
  

									
	  	 	 Officeholders (e.g. Director, Managers,
Officers)
	 	 Equity Holders

	 Co-Issuer / Guarantor
	 	 Name
	 	 Title
	 	 Name
	 	 Percentage Ownership

	TX Energy Services, LLC	 	John E. Crisp	 	Sole Manager, President, Chief Executive Officer and Secretary	 	Forbes Energy Services LLC	 	100.0%
					
	TX Energy Services, LLC	 	Charles C. Forbes, Jr.	 	Executive Vice President and Chief Operating Officer	 		 	
					
	TX Energy Services, LLC	 	L. Melvin Cooper	 	Senior Vice President, Chief Financial Officer and Assistant Secretary	 		 	
					
	C.C. Forbes, LLC	 	Charles C. Forbes, Jr.	 	Sole Manager, President, Chief Executive Officer and Secretary	 	Forbes Energy Services LLC	 	100.0%
					
	C.C. Forbes, LLC	 	John E. Crisp	 	 Executive Vice President and Chief Operating
 Officer

	 		 	
					
	C.C. Forbes, LLC	 	L. Melvin Cooper	 	 Senior Vice President, Chief Financial Officer
 and
Assistant Secretary
	 		 	

  

 CREDIT AGREEMENT EXHIBIT F — 1 

									
	  	 	 Officeholders (e.g. Director, Managers,
Officers)
	 	 Equity Holders

	 Co-Issuer / Guarantor
	 	 Name
	 	 Title
	 	 Name
	 	 Percentage
 Ownership

	Superior Tubing Testers, LLC	 	Robert E. Jenkins, Jr.	 	Sole Manager, President, Chief Executive Officer and Secretary	 	Forbes Energy Services LLC	 	100.0%
					
	Superior Tubing Testers, LLC	 	John E. Crisp	 	Executive Vice President	 		 	
					
	Superior Tubing Testers, LLC	 	Charles C. Forbes, Jr.	 	Executive Vice President	 		 	
					
	Superior Tubing Testers, LLC	 	L. Melvin Cooper	 	 Senior Vice President, Chief Financial Officer
 and
Assistant Secretary
	 		 	
					
	Forbes Energy Services LLC	 	John E. Crisp	 	 Director, President and
 Chief Executive
Officer
	 	John E. Crisp	 	30.0%
					
	Forbes Energy Services LLC	 	Charles C. Forbes, Jr.	 	 Director, Executive Vice
 President and Chief Operating
Officer
	 	Charles C. Forbes, Jr.	 	30.0%
					
	Forbes Energy Services LLC	 	L. Melvin Cooper	 	Senior Vice President, Chief Financial Officer and Secretary	 	Janet Forbes	 	30.0%
					
	Forbes Energy Services LLC	 	Janet Forbes	 	Director	 	Robert E. Jenkins, Jr.	 	3.0%
					
	Forbes Energy Services LLC	 	Travis Burris	 	Director	 	James Clinton Carpenter	 	3.0%

  

 CREDIT AGREEMENT EXHIBIT F — 2 

									
	  	 	 Officeholders (e.g. Director, Managers,
Officers)
	 	 Equity Holders

	 Co-Issuer / Guarantor
	 	 Name
	 	 Title
	 	 Name
	 	 Percentage
 Ownership

	Forbes Energy Services LLC	 	William Sherrill	 	Director	 	Armando Flores	 	3.0%
					
	Forbes Energy Services LLC	 		 		 	Steve Macek	 	1.0%
					
	Forbes Energy Capital Inc.	 	John E. Crisp	 	Sole Director, President and Chief Executive Officer	 	Forbes Energy Services LLC	 	100.0%
					
	Forbes Energy Capital Inc.	 	Charles C. Forbes, Jr.	 	Executive Vice President and Chief Operating Officer	 		 	
					
	Forbes Energy Capital Inc.	 	L. Melvin Cooper	 	Senior Vice President, Chief Financial Officer and Secretary	 		 	

  

 CREDIT AGREEMENT EXHIBIT F — 3 

 Schedule 12 
 to Perfection Certificate 
 Certificates of Title 
  

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	 TRUCKS
	 		 	
			
	C.C. Forbes, LLC	 	MACK	 	061335
	C.C. Forbes, LLC	 	MACK	 	064957
	Superior Tubing Testers, LLC	 	FREIGHTLINER	 	Y32868
	Superior Tubing Testers, LLC	 	FREIGHTLINER	 	Y32866
	TX Energy Services, LLC	 	MACK	 	059012
	TX Energy Services, LLC	 	MACK	 	004118
	TX Energy Services, LLC	 	MACK	 	004119
	TX Energy Services, LLC	 	MACK	 	004136
	TX Energy Services, LLC	 	MACK	 	004140
	TX Energy Services, LLC	 	MACK	 	063816
	TX Energy Services, LLC	 	MACK	 	041402
	TX Energy Services, LLC	 	MACK	 	041403
	TX Energy Services, LLC	 	MACK	 	041405
	TX Energy Services, LLC	 	MACK	 	041400
	TX Energy Services, LLC	 	MACK	 	039963
	TX Energy Services, LLC	 	MACK	 	041401
	TX Energy Services, LLC	 	MACK	 	039962
	TX Energy Services, LLC	 	MACK	 	004141
	TX Energy Services, LLC	 	MACK	 	004115
	TX Energy Services, LLC	 	MACK	 	004114
	TX Energy Services, LLC	 	MACK	 	041404
	TX Energy Services, LLC	 	MACK	 	004132
	TX Energy Services, LLC	 	MACK	 	004138
	TX Energy Services, LLC	 	MACK	 	004133
	TX Energy Services, LLC	 	MACK	 	004134
	TX Energy Services, LLC	 	MACK	 	002741
	TX Energy Services, LLC	 	MACK	 	004121
	TX Energy Services, LLC	 	MACK	 	004128
	TX Energy Services, LLC	 	MACK	 	004137
	TX Energy Services, LLC	 	MACK	 	004142
	TX Energy Services, LLC	 	MACK	 	004127

  

 CREDIT AGREEMENT EXHIBIT F - Page 1 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	C.C. Forbes, LLC	 	MACK	 	015785
	Superior Tubing Testers, LLC	 	KENWORTH	 	053386
	Superior Tubing Testers, LLC	 	KENWORTH	 	078609
	Superior Tubing Testers, LLC	 	KENWORTH	 	078610
	Superior Tubing Testers, LLC	 	KENWORTH	 	078611
	C.C. Forbes, LLC	 	MACK	 	027521
	C.C. Forbes, LLC	 	MACK	 	049023
	TX Energy Services, LLC	 	PETERBILT	 	889582
	C.C. Forbes, LLC	 	MACK	 	027519
	C.C. Forbes, LLC	 	PETERBILT	 	875175
	C.C. Forbes, LLC	 	PETERBILT	 	875178
	C.C. Forbes, LLC	 	PETERBILT	 	875176
	C.C. Forbes, LLC	 	PETERBILT	 	875179
	C.C. Forbes, LLC	 	PETERBILT	 	875177
	TX Energy Services, LLC	 	MACK	 	029773
	C.C. Forbes, LLC	 	MACK	 	027520
	C.C. Forbes, LLC	 	MACK	 	016635
	C.C. Forbes, LLC	 	MACK	 	025714
	C.C. Forbes, LLC	 	MACK	 	019175
	C.C. Forbes, LLC	 	MACK	 	019177
	C.C. Forbes, LLC	 	MACK	 	016638
	C.C. Forbes, LLC	 	MACK	 	019174
	C.C. Forbes, LLC	 	MACK	 	016637
	C.C. Forbes, LLC	 	MACK	 	019176
	C.C. Forbes, LLC	 	MACK	 	022143
	C.C. Forbes, LLC	 	MACK	 	022144
	C.C. Forbes, LLC	 	MACK	 	019178
	TX Energy Services, LLC	 	MACK	 	057375
	TX Energy Services, LLC	 	PETERBILT	 	878350
	C.C. Forbes, LLC	 	MACK	 	030428
	TX Energy Services, LLC	 	MACK	 	039960
	TX Energy Services, LLC	 	MACK	 	002606
	TX Energy Services, LLC	 	MACK	 	029768
	TX Energy Services, LLC	 	MACK	 	029771
	TX Energy Services, LLC	 	MACK	 	029770
	TX Energy Services, LLC	 	MACK	 	002613
	TX Energy Services, LLC	 	MACK	 	002611
	TX Energy Services, LLC	 	MACK	 	002607

  

 CREDIT AGREEMENT EXHIBIT F - Page 2 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	TX Energy Services, LLC	 	MACK	 	002608
	TX Energy Services, LLC	 	MACK	 	002610
	TX Energy Services, LLC	 	MACK	 	002609
	TX Energy Services, LLC	 	MACK	 	002612
	TX Energy Services, LLC	 	MACK	 	029772
	TX Energy Services, LLC	 	MACK	 	037085
	TX Energy Services, LLC	 	MACK	 	037086
	TX Energy Services, LLC	 	MACK	 	029769
	TX Energy Services, LLC	 	PETERBILT	 	878346
	TX Energy Services, LLC	 	PETERBILT	 	878347
	TX Energy Services, LLC	 	PETERBILT	 	878348
	TX Energy Services, LLC	 	PETERBILT	 	878351
	TX Energy Services, LLC	 	PETERBILT	 	878353
	TX Energy Services, LLC	 	PETERBILT	 	699741
	TX Energy Services, LLC	 	PETERBILT	 	880395
	TX Energy Services, LLC	 	PETERBILT	 	878349
	TX Energy Services, LLC	 	PETERBILT	 	878354
	TX Energy Services, LLC	 	PETERBILT	 	880375
	TX Energy Services, LLC	 	PETERBILT	 	880374
	TX Energy Services, LLC	 	PETERBILT	 	880373
	TX Energy Services, LLC	 	PETERBILT	 	880372
	TX Energy Services, LLC	 	MACK	 	006069
	TX Energy Services, LLC	 	MACK	 	061056
	TX Energy Services, LLC	 	MACK	 	049019
	TX Energy Services, LLC	 	MACK	 	049022
	TX Energy Services, LLC	 	MACK	 	049024
	TX Energy Services, LLC	 	MACK	 	057369
	TX Energy Services, LLC	 	HINO	 	S50028
	TX Energy Services, LLC	 	PETERBILT	 	658341
	TX Energy Services, LLC	 	PETERBILT	 	660431
	TX Energy Services, LLC	 	PETERBILT	 	660433
	C.C. Forbes, LLC	 	MACK	 	008881
	C.C. Forbes, LLC	 	MACK	 	012671
	C.C. Forbes, LLC	 	MACK	 	025708
	C.C. Forbes, LLC	 	MACK	 	025709
	C.C. Forbes, LLC	 	MACK	 	025707
	TX Energy Services, LLC	 	MACK	 	016633
	TX Energy Services, LLC	 	MACK	 	012478

  

 CREDIT AGREEMENT EXHIBIT F - Page 3 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	C.C. Forbes, LLC	 	MACK	 	022149
	C.C. Forbes, LLC	 	MACK	 	022154
	TX Energy Services, LLC	 	MACK	 	010384
	TX Energy Services, LLC	 	MACK	 	010385
	TX Energy Services, LLC	 	MACK	 	010496
	TX Energy Services, LLC	 	MACK	 	016632
	TX Energy Services, LLC	 	MACK	 	010497
	TX Energy Services, LLC	 	MACK	 	010386
	TX Energy Services, LLC	 	MACK	 	010387
	TX Energy Services, LLC	 	MACK	 	016653
	TX Energy Services, LLC	 	MACK	 	011432
	TX Energy Services, LLC	 	MACK	 	011430
	TX Energy Services, LLC	 	MACK	 	011431
	TX Energy Services, LLC	 	MACK	 	011433
	TX Energy Services, LLC	 	MACK	 	011429
	TX Energy Services, LLC	 	MACK	 	016636
	TX Energy Services, LLC	 	MACK	 	011428
	TX Energy Services, LLC	 	MACK	 	016634
	TX Energy Services, LLC	 	MACK	 	012476
	TX Energy Services, LLC	 	MACK	 	012474
	TX Energy Services, LLC	 	MACK	 	012477
	TX Energy Services, LLC	 	MACK	 	012475
	TX Energy Services, LLC	 	MACK	 	011562
	C.C. Forbes, LLC	 	MACK	 	022147
	C.C. Forbes, LLC	 	MACK	 	022145
	C.C. Forbes, LLC	 	MACK	 	019183
	C.C. Forbes, LLC	 	PETERBILT	 	493374
	C.C. Forbes, LLC	 	PETERBILT	 	493377
	C.C. Forbes, LLC	 	PETERBILT	 	470487
	C.C. Forbes, LLC	 	PETERBILT	 	513337
	C.C. Forbes, LLC	 	PETERBILT	 	493375
	C.C. Forbes, LLC	 	PETERBILT	 	513335
	C.C. Forbes, LLC	 	PETERBILT	 	493376
	TX Energy Services, LLC	 	PETERBILT	 	828226
	TX Energy Services, LLC	 	PETERBILT	 	828225
	TX Energy Services, LLC	 	PETERBILT	 	846516
	TX Energy Services, LLC	 	PETERBILT	 	878352
	TX Energy Services, LLC	 	PETERBILT	 	470912

  

 CREDIT AGREEMENT EXHIBIT F - Page 4 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	TX Energy Services, LLC	 	MACK	 	004120
	TX Energy Services, LLC	 	PETERBILT	 	814265
	TX Energy Services, LLC	 	PETERBILT	 	513333
	TX Energy Services, LLC	 	PETERBILT	 	513338
	C.C. Forbes, LLC	 	PETERBILT	 	527113
	C.C. Forbes, LLC	 	PETERBILT	 	527112
	C.C. Forbes, LLC	 	PETERBILT	 	527109
	TX Energy Services, LLC	 	PETERBILT	 	554745
	TX Energy Services, LLC	 	PETERBILT	 	554746
	TX Energy Services, LLC	 	PETERBILT	 	590108
	TX Energy Services, LLC	 	PETERBILT	 	590105
	TX Energy Services, LLC	 	PETERBILT	 	590098
	TX Energy Services, LLC	 	PETERBILT	 	814267
	TX Energy Services, LLC	 	PETERBILT	 	828224
	TX Energy Services, LLC	 	PETERBILT	 	576715
	C.C. Forbes, LLC	 	MACK	 	039205
	TX Energy Services, LLC	 	PETERBILT	 	854697
	TX Energy Services, LLC	 	MACK	 	092948
	TX Energy Services, LLC	 	MACK	 	097041
	TX Energy Services, LLC	 	MACK	 	116377
	TX Energy Services, LLC	 	MACK	 	136037
	TX Energy Services, LLC	 	MACK	 	005081
	TX Energy Services, LLC	 	MACK	 	054962
	TX Energy Services, LLC	 	MACK	 	059424
	TX Energy Services, LLC	 	PETERBILT	 	658343
	TX Energy Services, LLC	 	PETERBILT	 	698706
	TX Energy Services, LLC	 	PETERBILT	 	732022
	TX Energy Services, LLC	 	PETERBILT	 	754817
	TX Energy Services, LLC	 	PETERBILT	 	732020
	TX Energy Services, LLC	 	PETERBILT	 	752251
	TX Energy Services, LLC	 	PETERBILT	 	752252
	TX Energy Services, LLC	 	PETERBILT	 	752247
	TX Energy Services, LLC	 	PETERBILT	 	752249
	TX Energy Services, LLC	 	PETERBILT	 	699737
	TX Energy Services, LLC	 	PETERBILT	 	699739
	TX Energy Services, LLC	 	PETERBILT	 	646619
	TX Energy Services, LLC	 	PETERBILT	 	646615
	TX Energy Services, LLC	 	PETERBILT	 	646617

  

 CREDIT AGREEMENT EXHIBIT F - Page 5 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	TX Energy Services, LLC	 	PETERBILT	 	646618
	TX Energy Services, LLC	 	PETERBILT	 	646616
	TX Energy Services, LLC	 	PETERBILT	 	646614
	TX Energy Services, LLC	 	PETERBILT	 	652224
	TX Energy Services, LLC	 	PETERBILT	 	752248
	TX Energy Services, LLC	 	PETERBILT	 	646623
	TX Energy Services, LLC	 	PETERBILT	 	646624
	TX Energy Services, LLC	 	PETERBILT	 	646621
	TX Energy Services, LLC	 	PETERBILT	 	651893
	TX Energy Services, LLC	 	PETERBILT	 	651891
	TX Energy Services, LLC	 	PETERBILT	 	698705
	TX Energy Services, LLC	 	PETERBILT	 	699738
	TX Energy Services, LLC	 	PETERBILT	 	699740
	TX Energy Services, LLC	 	PETERBILT	 	767466
	TX Energy Services, LLC	 	PETERBILT	 	761773
	TX Energy Services, LLC	 	PETERBILT	 	760474
	TX Energy Services, LLC	 	PETERBILT	 	660421
	TX Energy Services, LLC	 	PETERBILT	 	761176
	TX Energy Services, LLC	 	PETERBILT	 	761174
	TX Energy Services, LLC	 	PETERBILT	 	760473
	TX Energy Services, LLC	 	PETERBILT	 	760471
	TX Energy Services, LLC	 	PETERBILT	 	762026
	TX Energy Services, LLC	 	PETERBILT	 	762027
	TX Energy Services, LLC	 	PETERBILT	 	762034
	TX Energy Services, LLC	 	PETERBILT	 	762029
	TX Energy Services, LLC	 	PETERBILT	 	762030
	TX Energy Services, LLC	 	PETERBILT	 	762031
	TX Energy Services, LLC	 	PETERBILT	 	762035
	TX Energy Services, LLC	 	PETERBILT	 	762033
	TX Energy Services, LLC	 	PETERBILT	 	762028
	TX Energy Services, LLC	 	PETERBILT	 	762032
	TX Energy Services, LLC	 	KENWORTH	 	213540
	C.C. Forbes, LLC	 	MACK	 	005962
	TX Energy Services, LLC	 	MACK	 	054959
	TX Energy Services, LLC	 	MACK	 	063818
	TX Energy Services, LLC	 	MACK	 	003547
	TX Energy Services, LLC	 	MACK	 	061059
	TX Energy Services, LLC	 	MACK	 	029776

  

 CREDIT AGREEMENT EXHIBIT F - Page 6 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	TX Energy Services, LLC	 	MACK	 	006070
	TX Energy Services, LLC	 	MACK	 	041398
	TX Energy Services, LLC	 	MACK	 	041399
	TX Energy Services, LLC	 	MACK	 	002833
	TX Energy Services, LLC	 	MACK	 	029775
	TX Energy Services, LLC	 	MACK	 	003774
	TX Energy Services, LLC	 	MACK	 	039961
	TX Energy Services, LLC	 	MACK	 	003775
	TX Energy Services, LLC	 	MACK	 	040215
	TX Energy Services, LLC	 	MACK	 	057366
	TX Energy Services, LLC	 	MACK	 	057370
	TX Energy Services, LLC	 	MACK	 	004129
	TX Energy Services, LLC	 	MACK	 	004131
	TX Energy Services, LLC	 	MACK	 	057368
	TX Energy Services, LLC	 	MACK	 	057371
	TX Energy Services, LLC	 	MACK	 	057372
	TX Energy Services, LLC	 	MACK	 	037087
	TX Energy Services, LLC	 	MACK	 	003777
	TX Energy Services, LLC	 	MACK	 	003776
	TX Energy Services, LLC	 	MACK	 	057367
	TX Energy Services, LLC	 	MACK	 	057365
	TX Energy Services, LLC	 	MACK	 	004130
	TX Energy Services, LLC	 	MACK	 	004135
	TX Energy Services, LLC	 	MACK	 	004139
	TX Energy Services, LLC	 	MACK	 	002742
	TX Energy Services, LLC	 	MACK	 	002145
	TX Energy Services, LLC	 	MACK	 	002144
	TX Energy Services, LLC	 	MACK	 	002143
	TX Energy Services, LLC	 	PETERBILT	 	660432
	TX Energy Services, LLC	 	PETERBILT	 	658342
	TX Energy Services, LLC	 	MACK	 	002542
	TX Energy Services, LLC	 	MACK	 	002545
	C.C. Forbes, LLC	 	INTERNATIONAL	 	545103
	C.C. Forbes, LLC	 	INTERNATIONAL	 	545099
	TX Energy Services, LLC	 	MACK	 	003281
	C.C. Forbes, LLC	 	MACK	 	029767
	TX Energy Services, LLC	 	MACK	 	001453
	TX Energy Services, LLC	 	MACK	 	006071

  

 CREDIT AGREEMENT EXHIBIT F - Page 7 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	TX Energy Services, LLC	 	MACK	 	003280
	TX Energy Services, LLC	 	MACK	 	001460
	TX Energy Services, LLC	 	MACK	 	003467
	TX Energy Services, LLC	 	MACK	 	001349
	TX Energy Services, LLC	 	MACK	 	004126
	TX Energy Services, LLC	 	MACK	 	001456
	TX Energy Services, LLC	 	MACK	 	001455
	TX Energy Services, LLC	 	MACK	 	003282
	TX Energy Services, LLC	 	MACK	 	003279
	TX Energy Services, LLC	 	MACK	 	003466
	TX Energy Services, LLC	 	MACK	 	001457
	TX Energy Services, LLC	 	MACK	 	001454
	TX Energy Services, LLC	 	MACK	 	001451
	TX Energy Services, LLC	 	MACK	 	001452
	TX Energy Services, LLC	 	MACK	 	004396
	TX Energy Services, LLC	 	MACK	 	004395
	TX Energy Services, LLC	 	MACK	 	003470
	TX Energy Services, LLC	 	MACK	 	004394
			
	 VACUUM TRAILERS
	 		 	
			
	TX Energy Services, LLC	 	DRAGON	 	052356
	TX Energy Services, LLC	 	DRAGON	 	052357
	TX Energy Services, LLC	 	DRAGON	 	052358
	TX Energy Services, LLC	 	DRAGON	 	052359
	TX Energy Services, LLC	 	DRAGON	 	052360
	TX Energy Services, LLC	 	DRAGON	 	052361
	TX Energy Services, LLC	 	DRAGON	 	052362
	TX Energy Services, LLC	 	DRAGON	 	052363
	TX Energy Services, LLC	 	DRAGON	 	052364
	TX Energy Services, LLC	 	DRAGON	 	052365
	TX Energy Services, LLC	 	DRAGON	 	029054
	TX Energy Services, LLC	 	DRAGON	 	029055
	TX Energy Services, LLC	 	PROCO	 	359811
	TX Energy Services, LLC	 	PROCO	 	359778
	C.C. Forbes, LLC	 	DRAGON	 	023799
	TX Energy Services, LLC	 	DRAGON	 	037458
	TX Energy Services, LLC	 	DRAGON	 	037459

  

 CREDIT AGREEMENT EXHIBIT F - Page 8 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	TX Energy Services, LLC	 	DRAGON	 	037500
	TX Energy Services, LLC	 	DRAGON	 	037501
	TX Energy Services, LLC	 	DRAGON	 	037502
	TX Energy Services, LLC	 	DRAGON	 	037503
	TX Energy Services, LLC	 	DRAGON	 	037506
	TX Energy Services, LLC	 	DRAGON	 	037507
	TX Energy Services, LLC	 	DRAGON	 	037550
	TX Energy Services, LLC	 	DRAGON	 	037551
	TX Energy Services, LLC	 	DRAGON	 	037552
	TX Energy Services, LLC	 	DRAGON	 	037553
	TX Energy Services, LLC	 	DRAGON	 	037554
	TX Energy Services, LLC	 	DRAGON	 	037603
	TX Energy Services, LLC	 	DRAGON	 	037604
	TX Energy Services, LLC	 	DRAGON	 	037605
	TX Energy Services, LLC	 	DRAGON	 	037607
	TX Energy Services, LLC	 	DRAGON	 	037772
	TX Energy Services, LLC	 	DRAGON	 	037774
	TX Energy Services, LLC	 	DRAGON	 	037776
	TX Energy Services, LLC	 	DRAGON	 	037940
	TX Energy Services, LLC	 	DRAGON	 	037943
	TX Energy Services, LLC	 	DRAGON	 	037967
	TX Energy Services, LLC	 	DRAGON	 	037978
	TX Energy Services, LLC	 	DRAGON	 	042364
	TX Energy Services, LLC	 	DRAGON	 	042365
	TX Energy Services, LLC	 	DRAGON	 	042366
	TX Energy Services, LLC	 	DRAGON	 	042422
	TX Energy Services, LLC	 	DRAGON	 	042423
	TX Energy Services, LLC	 	DRAGON	 	045441
	TX Energy Services, LLC	 	DRAGON	 	045442
	TX Energy Services, LLC	 	DRAGON	 	045444
	TX Energy Services, LLC	 	DRAGON	 	045445
	TX Energy Services, LLC	 	DRAGON	 	045446
	TX Energy Services, LLC	 	DRAGON	 	045447
	TX Energy Services, LLC	 	DRAGON	 	045448
	TX Energy Services, LLC	 	DRAGON	 	045449
	TX Energy Services, LLC	 	DRAGON	 	052187
	TX Energy Services, LLC	 	DRAGON	 	052188
	TX Energy Services, LLC	 	DRAGON	 	052190

  

 CREDIT AGREEMENT EXHIBIT F - Page 9 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	TX Energy Services, LLC	 	DRAGON	 	052191
	TX Energy Services, LLC	 	DRAGON	 	052192
	TX Energy Services, LLC	 	WRIGHTS DESIGN	 	100107
	TX Energy Services, LLC	 	WRIGHTS DESIGN	 	100109
	TX Energy Services, LLC	 	PROCO	 	359211
	TX Energy Services, LLC	 	PROCO	 	359212
	TX Energy Services, LLC	 	PROCO	 	359216
	 TX Energy Services, LLC
	 	PROCO	 	359217
	TX Energy Services, LLC	 	PROCO	 	359226
	TX Energy Services, LLC	 	DRAGON	 	023774
	C.C. Forbes, LLC	 	DRAGON	 	023832
	C.C. Forbes, LLC	 	DRAGON	 	023833
	C.C. Forbes, LLC	 	DRAGON	 	023834
	C.C. Forbes, LLC	 	DRAGON	 	023845
	TX Energy Services, LLC	 	DRAGON	 	037504
	TX Energy Services, LLC	 	DRAGON	 	037505
	TX Energy Services, LLC	 	DRAGON	 	037606
	TX Energy Services, LLC	 	DRAGON	 	037773
	TX Energy Services, LLC	 	DRAGON	 	037942
	TX Energy Services, LLC	 	DRAGON	 	045443
	TX Energy Services, LLC	 	DRAGON	 	052189
	TX Energy Services, LLC	 	WRIGHTS DESIGN	 	100108
	TX Energy Services, LLC	 	WRIGHTS DESIGN	 	100110
	TX Energy Services, LLC	 	PROCO	 	359207
	TX Energy Services, LLC	 	DRAGON	 	023508
	TX Energy Services, LLC	 	DRAGON	 	023512
	TX Energy Services, LLC	 	DRAGON	 	023516
	TX Energy Services, LLC	 	DRAGON	 	023570
	TX Energy Services, LLC	 	DRAGON	 	023816
	TX Energy Services, LLC	 	DRAGON	 	023822
	TX Energy Services, LLC	 	DRAGON	 	023823
	TX Energy Services, LLC	 	DRAGON	 	023824
	C.C. Forbes, LLC	 	DRAGON	 	029046
	C.C. Forbes, LLC	 	DRAGON	 	029047
	C.C. Forbes, LLC	 	DRAGON	 	029049
	TX Energy Services, LLC	 	DRAGON	 	033268
	TX Energy Services, LLC	 	DRAGON	 	037453
	TX Energy Services, LLC	 	DRAGON	 	037576

  

 CREDIT AGREEMENT EXHIBIT F - Page 10 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	TX Energy Services, LLC	 	DRAGON	 	037714
	TX Energy Services, LLC	 	DRAGON	 	037740
	TX Energy Services, LLC	 	DRAGON	 	037775
	TX Energy Services, LLC	 	WRIGHTS DESIGN	 	039759
	TX Energy Services, LLC	 	DRAGON	 	042424
	TX Energy Services, LLC	 	DRAGON	 	042425
	TX Energy Services, LLC	 	DRAGON	 	045637
	TX Energy Services, LLC	 	DRAGON	 	045642
	TX Energy Services, LLC	 	DRAGON	 	045691
	TX Energy Services, LLC	 	DRAGON	 	055030
	TX Energy Services, LLC	 	DRAGON	 	055032
	TX Energy Services, LLC	 	PIONEER	 	260478
	TX Energy Services, LLC	 	PROCO	 	359006
	TX Energy Services, LLC	 	PROCO	 	359007
	TX Energy Services, LLC	 	PROCO	 	359008
	TX Energy Services, LLC	 	PROCO	 	359009
	TX Energy Services, LLC	 	PROCO	 	359011
	TX Energy Services, LLC	 	PROCO	 	359019
	TX Energy Services, LLC	 	PROCO	 	359020
	TX Energy Services, LLC	 	PROCO	 	359026
	TX Energy Services, LLC	 	PROCO	 	359029
	TX Energy Services, LLC	 	PROCO	 	359030
	TX Energy Services, LLC	 	PROCO	 	359084
	TX Energy Services, LLC	 	PROCO	 	359088
	C.C. Forbes, LLC	 	PROCO	 	359090
	C.C. Forbes, LLC	 	PROCO	 	359117
	C.C. Forbes, LLC	 	PROCO	 	359132
	C.C. Forbes, LLC	 	PROCO	 	359139
	TX Energy Services, LLC	 	PROCO	 	359151
	TX Energy Services, LLC	 	PROCO	 	359289
	TX Energy Services, LLC	 	PROCO	 	359871
	TX Energy Services, LLC	 	PROCO	 	359876
	TX Energy Services, LLC	 	PROCO	 	359891
	TX Energy Services, LLC	 	PROCO	 	359894
	TX Energy Services, LLC	 	PROCO	 	359938
	TX Energy Services, LLC	 	PROCO	 	359956
	TX Energy Services, LLC	 	PROCO	 	359957
	TX Energy Services, LLC	 	PROCO	 	359995

  

 CREDIT AGREEMENT EXHIBIT F - Page 11 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	TX Energy Services, LLC	 	PROCO	 	359996
	TX Energy Services, LLC	 	DRAGON	 	023604
	TX Energy Services, LLC	 	DRAGON	 	023652
	TX Energy Services, LLC	 	DRAGON	 	023701
	TX Energy Services, LLC	 	DRAGON	 	023773
	TX Energy Services, LLC	 	DRAGON	 	023529
	TX Energy Services, LLC	 	DRAGON	 	023558
	TX Energy Services, LLC	 	DRAGON	 	023992
	TX Energy Services, LLC	 	DRAGON	 	023998
	TX Energy Services, LLC	 	PROCO	 	359616
	TX Energy Services, LLC	 	DRAGON	 	023515
	C.C. Forbes, LLC	 	PROCO	 	359144
	C.C. Forbes, LLC	 	PROCO	 	359156
	C.C. Forbes, LLC	 	PROCO	 	359158
	C.C. Forbes, LLC	 	PROCO	 	359177
	TX Energy Services, LLC	 	DRAGON	 	042185
	TX Energy Services, LLC	 	DRAGON	 	042367
	TX Energy Services, LLC	 	DRAGON	 	042368
	TX Energy Services, LLC	 	DRAGON	 	042369
	TX Energy Services, LLC	 	WRIGHTS DESIGN	 	100106
	TX Energy Services, LLC	 	PROCO	 	359340
	TX Energy Services, LLC	 	DRAGON	 	052903
	TX Energy Services, LLC	 	DRAGON	 	055155
	TX Energy Services, LLC	 	DRAGON	 	055156
	TX Energy Services, LLC	 	DRAGON	 	055210
	TX Energy Services, LLC	 	DRAGON	 	055211
	TX Energy Services, LLC	 	DRAGON	 	055212
	TX Energy Services, LLC	 	DRAGON	 	055213
	TX Energy Services, LLC	 	DRAGON	 	055214
	TX Energy Services, LLC	 	DRAGON	 	055215
	TX Energy Services, LLC	 	DRAGON	 	055216
	TX Energy Services, LLC	 	DRAGON	 	055217
	TX Energy Services, LLC	 	DRAGON	 	063886
	TX Energy Services, LLC	 	DRAGON	 	063887
	TX Energy Services, LLC	 	DRAGON	 	063888
	TX Energy Services, LLC	 	DRAGON	 	063889
	TX Energy Services, LLC	 	DRAGON	 	063890
	TX Energy Services, LLC	 	PROCO	 	359018

  

 CREDIT AGREEMENT EXHIBIT F - Page 12 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	TX Energy Services, LLC	 	DRAGON	 	037935
	TX Energy Services, LLC	 	DRAGON	 	037936
	TX Energy Services, LLC	 	DRAGON	 	037937
	TX Energy Services, LLC	 	DRAGON	 	037938
	TX Energy Services, LLC	 	DRAGON	 	037939
	TX Energy Services, LLC	 	PROCO	 	359220
	TX Energy Services, LLC	 	PROCO	 	359221
	TX Energy Services, LLC	 	PROCO	 	359240
	TX Energy Services, LLC	 	PROCO	 	359243
	TX Energy Services, LLC	 	PROCO	 	359248
	TX Energy Services, LLC	 	PROCO	 	359254
	TX Energy Services, LLC	 	PROCO	 	359256
	TX Energy Services, LLC	 	PROCO	 	359252
	TX Energy Services, LLC	 	PROCO	 	359239
	TX Energy Services, LLC	 	DRAGON	 	045625
	TX Energy Services, LLC	 	DRAGON	 	045626
	TX Energy Services, LLC	 	DRAGON	 	045646
	TX Energy Services, LLC	 	DRAGON	 	045649
	TX Energy Services, LLC	 	DRAGON	 	045650
	TX Energy Services, LLC	 	DRAGON	 	045654
	TX Energy Services, LLC	 	DRAGON	 	045656
	TX Energy Services, LLC	 	DRAGON	 	045658
	TX Energy Services, LLC	 	DRAGON	 	045674
	TX Energy Services, LLC	 	DRAGON	 	045675
	TX Energy Services, LLC	 	DRAGON	 	045678
	TX Energy Services, LLC	 	DRAGON	 	045679
	TX Energy Services, LLC	 	DRAGON	 	045687
	TX Energy Services, LLC	 	DRAGON	 	052963
	TX Energy Services, LLC	 	DRAGON	 	052964
	TX Energy Services, LLC	 	DRAGON	 	052965
	TX Energy Services, LLC	 	DRAGON	 	052966
	TX Energy Services, LLC	 	DRAGON	 	052967
	TX Energy Services, LLC	 	DRAGON	 	052968
	TX Energy Services, LLC	 	DRAGON	 	052969
	TX Energy Services, LLC	 	DRAGON	 	052970
	TX Energy Services, LLC	 	DRAGON	 	052971
	TX Energy Services, LLC	 	DRAGON	 	052973
	TX Energy Services, LLC	 	DRAGON	 	052994

  

 CREDIT AGREEMENT EXHIBIT F - Page 13 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	TX Energy Services, LLC	 	DRAGON	 	052995
	TX Energy Services, LLC	 	DRAGON	 	055022
	TX Energy Services, LLC	 	DRAGON	 	055029
	TX Energy Services, LLC	 	DRAGON	 	055038
	TX Energy Services, LLC	 	DRAGON	 	055039
	TX Energy Services, LLC	 	DRAGON	 	055040
	TX Energy Services, LLC	 	DRAGON	 	055041
	TX Energy Services, LLC	 	DRAGON	 	055042
	TX Energy Services, LLC	 	PROCO	 	359412
	TX Energy Services, LLC	 	PROCO	 	359415
	TX Energy Services, LLC	 	PROCO	 	359425
	TX Energy Services, LLC	 	PROCO	 	359411
	TX Energy Services, LLC	 	TROXELL TRAILER	 	867323
	TX Energy Services, LLC	 	PROCO	 	21142
	TX Energy Services, LLC	 	DRAGON	 	055058
	TX Energy Services, LLC	 	DRAGON	 	055196
	TX Energy Services, LLC	 	DRAGON	 	055198
	TX Energy Services, LLC	 	DRAGON	 	055264
	TX Energy Services, LLC	 	DRAGON	 	055267
	TX Energy Services, LLC	 	DRAGON	 	055282
	TX Energy Services, LLC	 	DRAGON	 	063891
	TX Energy Services, LLC	 	DRAGON	 	055189
	TX Energy Services, LLC	 	DRAGON	 	055058
	TX Energy Services, LLC	 	DRAGON	 	055194
	TX Energy Services, LLC	 	DRAGON	 	055195
	TX Energy Services, LLC	 	DRAGON	 	055197
	TX Energy Services, LLC	 	DRAGON	 	055199
	TX Energy Services, LLC	 	DRAGON	 	055257
	TX Energy Services, LLC	 	DRAGON	 	055258
	TX Energy Services, LLC	 	DRAGON	 	055259
	TX Energy Services, LLC	 	DRAGON	 	055265
	TX Energy Services, LLC	 	DRAGON	 	055279
	TX Energy Services, LLC	 	DRAGON	 	055280
	TX Energy Services, LLC	 	DRAGON	 	055281
	TX Energy Services, LLC	 	DRAGON	 	055263
	TX Energy Services, LLC	 	DRAGON	 	055260
	TX Energy Services, LLC	 	WRIGHTS DESIGN	 	100114

  

 CREDIT AGREEMENT EXHIBIT F - Page 14 

					
	 Borrower / Guarantor
	 	 Type of Motor Vehicle or Other Equipment
	 	 VIN, Asset Number or Other Identification

	 FLOATS / LOWBOYS
	 		 	
			
	TX Energy Services, LLC	 	LUFKIN	 	164737
	TX Energy Services, LLC	 	LUFKIN	 	165062
	TX Energy Services, LLC	 	LUFKIN	 	165063
	TX Energy Services, LLC	 	LUFKIN	 	165064
	TX Energy Services, LLC	 	LUFKIN	 	060195
	TX Energy Services, LLC	 	LUFKIN	 	11264
	C.C. Forbes, LLC	 	AZTEC	 	011965
	C.C. Forbes, LLC	 	FONTAINE TRAILERS	 	33410
	TX Energy Services, LLC	 	LUFKIN	 	164736
	C.C. Forbes, LLC	 	LUFKIN	 	164740
	C.C. Forbes, LLC	 	LUFKIN	 	164743
	C.C. Forbes, LLC	 	HOLDEN	 	555493
	C.C. Forbes, LLC	 	AZTEC	 	800188
	TX Energy Services, LLC	 	AZTEC	 	206FB6
	TX Energy Services, LLC	 	BIRMINGHAM	 	KM1073
	C.C. Forbes, LLC	 	KALYN	 	001343
	C.C. Forbes, LLC	 	AZTEC	 	08147
	C.C. Forbes, LLC	 		 	27957
	C.C. Forbes, LLC	 	DRAGON	 	063030
	C.C. Forbes, LLC	 	LUFKIN	 	66328
	C.C. Forbes, LLC	 	LUFKIN	 	66329
	C.C. Forbes, LLC	 	LUFKIN	 	160037
	C.C. Forbes, LLC	 	LUFKIN	 	163742
	C.C. Forbes, LLC	 	LUFKIN	 	165176
	C.C. Forbes, LLC	 	LUFKIN	 	165572
	C.C. Forbes, LLC	 	ATOKA	 	343010
	C.C. Forbes, LLC	 	HOLDEN	 	509476

  

 CREDIT AGREEMENT EXHIBIT F - Page 15Intercreditor Agreement

 Exhibit 4.7 
  
  
 INTERCREDITOR AGREEMENT 
 dated as of 
 April 10, 2008 

among 
 TX ENERGY SERVICES, LLC, C.C.
FORBES, LLC 
 and SUPERIOR TUBING TESTERS, LLC, 
 as the Borrowers  
 FORBES ENERGY SERVICES LLC, 
 as the Company 
 certain Subsidiaries of the
Company party hereto  
 CITIBANK, N.A., 
 as First Priority Agent 
 and 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Second Priority Agent 
  
  
 THIS IS THE INTERCREDITOR AGREEMENT REFERRED TO IN (A) THE INDENTURE DATED AS OF FEBRUARY 12, 2008, AMONG FORBES ENERGY SERVICES LLC, CERTAIN OF ITS SUBSIDIARIES FROM TIME TO TIME PARTY THERETO, FORBES ENERGY CAPITAL INC.
AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE AND COLLATERAL AGENT, (B) THE CREDIT AGREEMENT DATED AS OF APRIL 10, 2008, AS AMENDED, SUPPLEMENTED, RESTATED OR OTHERWISE MODIFIED FROM TIME TO TIME, AMONG TX ENERGY SERVICES, LLC,
C.C. FORBES, LLC AND SUPERIOR TUBING TESTERS LLC, CERTAIN SUBSIDIARIES OF FORBES ENERGY SERVICES LLC FROM TIME TO TIME PARTY THERETO, AND CITIBANK, N.A., (C) THE OTHER LOAN DOCUMENTS REFERRED TO IN SUCH CREDIT AGREEMENT AND
(D) THE OTHER COLLATERAL AGREEMENTS REFERRED TO IN SUCH INDENTURE. 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	 ARTICLE I DEFINITIONS
	  	2
			
	 SECTION 1.01.
	 	Certain Defined Terms.	  	2
	 SECTION 1.02.
	 	Other Defined Terms.	  	2
	 SECTION 1.03.
	 	Terms Generally.	  	7
		
	 ARTICLE II LIEN PRIORITIES
	  	8
			
	 SECTION 2.01.
	 	Relative Priorities.	  	8
	 SECTION 2.02.
	 	Prohibition on Contesting Liens.	  	8
	 SECTION 2.03.
	 	No New Liens.	  	8
	 SECTION 2.04.
	 	Similar Collateral.	  	9
		
	 ARTICLE III ENFORCEMENT OF RIGHTS; MATTERS RELATING TO COLLATERAL
	  	9
			
	 SECTION 3.01.
	 	Exercise of Rights and Remedies; Option to Purchase.	  	9
	 SECTION 3.02.
	 	No Interference.	  	11
	 SECTION 3.03.
	 	Rights as Unsecured Creditors.	  	13
	 SECTION 3.04.
	 	Automatic Release of Second Priority Liens.	  	13
	 SECTION 3.05.
	 	Automatic Release of First Priority Liens.	  	14
	 SECTION 3.06.
	 	Insurance and Condemnation Awards.	  	14
	 SECTION 3.07.
	 	Notification of Release of Collateral.	  	15
		
	 ARTICLE IV PAYMENTS
	  	15
			
	 SECTION 4.01.
	 	Application of Proceeds.	  	15
	 SECTION 4.02.
	 	Payment Over.	  	15
	 SECTION 4.03.
	 	Certain Agreements with Respect to Unenforceable Liens.	  	16
		
	 ARTICLE V BAILMENT FOR PERFECTION OF CERTAIN SECURITY INTERESTS
	  	16
		
	 ARTICLE VI INSOLVENCY OR LIQUIDATION PROCEEDINGS
	  	17
			
	 SECTION 6.01.
	 	Finance and Sale Matters.	  	17
	 SECTION 6.02.
	 	Relief from the Automatic Stay.	  	19
	 SECTION 6.03.
	 	Reorganization Securities.	  	19
	 SECTION 6.04.
	 	Post-Petition Interest.	  	19
	 SECTION 6.05.
	 	Certain Waivers by the Second Priority Secured Parties.	  	20
	 SECTION 6.06.
	 	Certain Voting Matters.	  	20
		
	 ARTICLE VII OTHER AGREEMENTS
	  	20
			
	 SECTION 7.01.
	 	Matters Relating to Debt Documents.	  	20
	 SECTION 7.02.
	 	Effect of Refinancing of Indebtedness under First Priority Debt Documents.	  	21

  

 i 

					
	 SECTION 7.03.
	 	No Waiver by First Priority Secured Party.	  	21
	 SECTION 7.04.
	 	Reinstatement.	  	22
	 SECTION 7.05.
	 	Authorization of Collateral Agents.	  	22
	 SECTION 7.06.
	 	Further Assurances.	  	22
		
	 ARTICLE VIII REPRESENTATIONS AND WARRANTIES
	  	22
			
	 SECTION 8.01.
	 	Representations and Warranties of Each Party.	  	22
	 SECTION 8.02.
	 	Representations and Warranties of Each Collateral Agent.	  	23
		
	 ARTICLE IX NO RELIANCE; NO LIABILITY; OBLIGATIONS ABSOLUTE
	  	23
			
	 SECTION 9.01.
	 	No Reliance; Information.	  	23
	 SECTION 9.02.
	 	No Warranties or Liability.	  	23
	 SECTION 9.03.
	 	Obligations Absolute.	  	24
		
	 ARTICLE X MISCELLANEOUS
	  	25
			
	 SECTION 10.01.
	 	Notices.	  	25
	 SECTION 10.02.
	 	Conflicts.	  	25
	 SECTION 10.03.
	 	Effectiveness; Survival; Termination.	  	25
	 SECTION 10.04.
	 	Severability.	  	26
	 SECTION 10.05.
	 	Amendments; Waivers.	  	26
	 SECTION 10.06.
	 	Postponement of Subrogation.	  	26
	 SECTION 10.07.
	 	Applicable Law; Jurisdiction; Consent to Service of Process.	  	27
	 SECTION 10.08.
	 	Waiver of Jury Trial.	  	27
	 SECTION 10.09.
	 	Parties in Interest.	  	27
	 SECTION 10.10.
	 	Specific Performance.	  	28
	 SECTION 10.11.
	 	Headings.	  	28
	 SECTION 10.12.
	 	Counterparts.	  	28
	 SECTION 10.13.
	 	Provisions Solely to Define Relative Rights.	  	28

  

 ii 

 INTERCREDITOR AGREEMENT dated as of April 10, 2008 (this “Agreement”) among
TX ENERGY SERVICES, LLC, a Delaware limited liability company (“TX Energy”), C.C. FORBES, LLC, a Delaware limited liability company (“C.C. Forbes”), and SUPERIOR TUBING TESTERS, LLC,
(“Superior”) (TX Energy, C.C. Forbes and Superior collectively, the “Borrowers” and individually a “Borrower”), FORBES ENERGY SERVICES LLC, a Delaware limited liability company
(the “Company”), the Subsidiaries of the Company party hereto, CITIBANK, N.A., a national association, as the First Priority Secured Party (as defined below) (in such capacity, the “First Priority
Agent”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as collateral agent for the Second Priority Secured Parties (as defined below) (in such capacity, the “Second Priority Agent”). 
 PRELIMINARY STATEMENT 
 Reference is
made to (a) the Credit Agreement dated as of April 10, 2008 (as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, the “First Priority Debt Agreement”) among
the Borrowers, the Company, certain of the Company’s subsidiaries, the lenders from time to time party thereto (the “First Priority Creditor”) and the First Priority Agent, (b) the Indenture dated as of
February 12, 2008 (as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, the “Second Priority Debt Agreement” and, together with the First Priority Debt
Agreement, the “Debt Agreements”) among the Company, Forbes Energy Capital Inc., a Delaware corporation (“Co-Issuer”, and together with the Company, collectively the “Issuers”),
certain of the Company’s subsidiaries, Wells Fargo Bank, National Association, as Trustee (in such capacity, the “Second Priority Trustee”) and the Second Priority Agent, (c) the First Lien Security Agreement dated
as of April 10, 2008 (as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, the “First Priority Security Agreement”) among the Borrowers, the Company and the
First Priority Agent, (d) the Second Lien Security Agreement dated as of February 12, 2008 (as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, the “Second Priority
Security Agreement”) among the Issuers, certain of the Company’s subsidiaries and the Second Priority Agent, (e) the other Loan Documents as defined, and referred to, in the First Priority Debt Agreement and (f) the other
Collateral Agreements as defined, and referred to, in the Second Priority Debt Agreement. 
 RECITALS 
 A. The First Priority Creditor has agreed to make loans and other extensions of credit to the Company pursuant to the First Priority Debt Agreement on
the condition, among others, that the First Priority Claims (such term and each other capitalized term used but not defined in the preliminary statement or these recitals having the meaning given it in Article I) shall be secured by first priority
Liens on, and security interests in, the Collateral. 
 B. The Second Priority Creditors have agreed to purchase and/or hold the Notes issued
by the Issuers, from time to time pursuant to the Second Priority Debt Agreement on the condition, among others, that the Second Priority Claims shall be secured by second priority Liens on, and security interests in, the Collateral. 
  

 INTERCREDITOR AGREEMENT – Page 1 

 C. The Debt Agreements require, among other things, that the parties thereto set forth in this Agreement,
among other things, their respective rights, obligations and remedies with respect to the Collateral. 
 Accordingly, the parties hereto
agree as follows: 
 ARTICLE I 
 Definitions 
 SECTION 1.01. Certain Defined Terms. Capitalized terms used in this Agreement and not
otherwise defined herein shall, except to the extent the context otherwise requires, have the meanings set forth in the Second Priority Debt Agreement (as in effect on the date hereof) or the Second Priority Security Agreement (as in effect on the
date hereof), as applicable. 
 SECTION 1.02. Other Defined Terms. As used in the Agreement, the following terms shall have the
meanings specified below: 
 “Bankruptcy Code” shall mean Title 11 of the United States Code entitled
“Bankruptcy,” as now and hereinafter in effect, or any successor statute. 
 “Bankruptcy Law” shall mean
the Bankruptcy Code and any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law. 
 “Capital
Stock” shall mean: 
 (1) in case of a corporation, corporate stock; 
 (2) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock; 
 (3) in the case of a partnership or limited liability company, partnership or membership
interests (whether general or limited); and 
 (4) any other interest or participation that confers on a person or entity the
right to receive a share of the profits and losses of, or distributions of assets of, another person or entity that has issued such interest or participation. 
 “Collateral” shall mean, collectively, all “Collateral”, as defined in each of the First Priority Debt Agreement or any other First Priority Debt Document and the Second Priority Debt
Agreement or any other Second Priority Debt Document. 
 “Collateral Agents” shall mean the First Priority Agent and
the Second Priority Agent. 
 “Company” shall have the meaning assigned to such term in the preliminary statement to
this Agreement. 
  

 INTERCREDITOR AGREEMENT – Page 2 

 “Debt Agreements” shall have the meaning assigned to such term in the preliminary
statement of this Agreement. 
 “Debt Documents” shall mean the First Priority Debt Documents and the Second Priority
Debt Documents. 
 “DIP Financing” shall have the meaning assigned to such term in Section 6.01(a). 

“DIP Financing Liens” shall have the meaning assigned to such term in Section 6.01(a). 
 “Discharge of First Priority Claims” shall mean, subject to Sections 7.02 and 7.04, (a) payment in full in cash of the
principal of and interest (including interest accruing during the pendency of any Insolvency or Liquidation Proceeding, regardless of whether allowed or allowable in such Insolvency or Liquidation Proceeding) and premium, if any, on all Indebtedness
then outstanding under the First Priority Debt Documents to the extent constituting First Priority Claims, (b) payment in full in cash of all other First Priority Claims that are then due and payable, (c) cancellation of or the entry into
arrangements satisfactory to the First Priority Agent and the Issuing Bank with respect to all Letters of Credit issued and outstanding under the First Priority Debt Agreement and (d) termination or expiration of all commitments to lend and all
obligations to issue or extend Letters of Credit under the First Priority Debt Agreement. 
 “Discharge of Second Priority
Claims” shall mean, subject to Section 7.04, (a) payment in full in cash of the principal of and interest (including interest accruing during the pendency of any Insolvency or Liquidation Proceeding, regardless of whether
allowed or allowable in such Insolvency or Liquidation Proceeding) and premium, if any, on all Indebtedness then outstanding under the Second Priority Debt Documents to the extent constituting Second Priority Claims, (b) payment in full of all
First Priority Claims acquired by the Second Priority Agent and/or any of the Second Priority Secured Parties as contemplated by Section 10.06 hereof, and (c) payment in full in cash of all other Second Priority Claims that are then due
and payable. 
 “Disposition” shall mean any sale, lease, exchange, transfer or other disposition.
“Dispose” shall have a correlative meaning. 
 “First Priority Agent” shall have the meaning
assigned to such term in the preamble to this Agreement. 
 “First Priority Claims” shall mean, when determined,
(i) all Indebtedness under the First Priority Debt Agreement permitted pursuant to clause (i) of the definition of “Permitted Debt” in the Second Priority Debt Agreement, and all Obligations (other than principal) related to such
Indebtedness and owing under the documents relating to such Indebtedness and (ii) all Hedging Obligations permitted under such First Priority Debt Agreement and secured by the First Priority Liens. 
 “First Priority Collateral” shall mean all “Collateral”, as defined in the First Priority Debt Agreement or any other
First Priority Debt Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any First Priority Claims. 
  

 INTERCREDITOR AGREEMENT – Page 3 

 “First Priority Creditor” shall have the meaning assigned to such term in the
preliminary statement of this Agreement. 
 “First Priority Debt Agreement” shall have the meaning assigned to such
term in the preliminary statement of this Agreement. 
 “First Priority Debt Documents” shall mean the “Loan
Documents”, as defined in the First Priority Debt Agreement. 
 “First Priority Liens” shall mean all Liens on
the First Priority Collateral to the extent such Liens secure the First Priority Claims, whether created under the First Priority Security Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or
otherwise. 
 “First Priority Mortgages” shall mean, collectively, each mortgage, deed of trust, leasehold mortgage,
assignment of leases and rents, modifications and any other agreement, document or instrument pursuant to which a Lien on real property is granted by any Grantor to secure any First Priority Claims or under which rights or remedies with respect to
any such Lien are governed. 
 “First Priority Secured Party” shall mean, at any time, (a) the First Priority
Creditor, (b) the First Priority Agent, (c) each other Person to whom any of the First Priority Claims is owed (including any Affiliate of a First Priority Creditor to whom any First Priority Claims of the type described in clause
(ii) of the definition thereof is owed) and (d) the successors and assigns of each of the foregoing. 
 “First Priority
Security Agreement” shall have the meaning assigned to such term in the preliminary statement of this Agreement. 
 “First Priority Security Documents” shall mean the First Priority Debt Agreement, the First Priority Mortgages, the First Priority Security Agreement and any other agreement, document or instrument pursuant to which
a Lien is granted by any Grantor to secure any First Priority Claims or under which rights or remedies with respect to any such Lien are governed. 
 “Grantors” shall mean each of the Borrowers, the Company, the Co-Issuer and each other Subsidiary of the Company or any New Parent that shall have created or purported to create any First Priority Lien or Second
Priority Lien on all or any part of its assets to secure any First Priority Claims or any Second Priority Claims. 
 “Guarantors” shall mean, collectively, the Company, the Co-Issuer and any New Parent and each other Subsidiary of the Company or any New Parent (other than the Borrowers) that shall have guaranteed any First Priority
Claims or any Second Priority Claims, whether by executing and delivering the applicable Debt Agreement, or a separate guaranty thereof, or a supplement thereto, or otherwise. 
 “Indebtedness” shall mean and includes all obligations that constitute “Indebtedness”, as defined in the First Priority
Debt Agreement or the Second Priority Debt Agreement, as applicable. 
  

 INTERCREDITOR AGREEMENT – Page 4 

 “Insolvency or Liquidation Proceeding” shall mean (a) any voluntary or
involuntary proceeding under the Bankruptcy Code or any other Bankruptcy Law with respect to any Grantor, (b) any voluntary or involuntary appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any
Grantor or for a substantial part of the property or assets of any Grantor, (c) any voluntary or involuntary winding-up or liquidation of any Grantor, or (d) a general assignment for the benefit of creditors by any Grantor. 
 “Inventory” means, with respect to any Grantor, all of such Grantor’s now owned or hereafter acquired right, title, and
interest with respect to inventory, including goods held for sale or lease or to be furnished under a contract of service, goods that are leased by such Grantor as lessor, goods that are furnished by such Grantor under a contract of service, and raw
materials, work in process, or materials used or consumed in such Grantor’s business. 
 “Letter of Credit”
shall have the meaning assigned to such term in the First Priority Debt Agreement. 
 “Lien” shall mean, with respect
to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title
retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of
any jurisdiction other than a precautionary financing statement not intended as a security agreement. 
 “Liquidation
Sale” shall mean a so-called bulk sale, liquidation sale or “going out of business sale” conducted either by any Secured Party or a Grantor in respect to all or a substantial portion of such Grantor’s Collateral following
the occurrence and during the continuance of an Event of Default under, and as defined in, either the First Priority Debt Documents or Second Priority Debt Documents. 
 “New First Priority Agent” shall have the meaning assigned to such term in Section 7.02. 
 “New First Priority Claims” shall have the meaning assigned to such term in Section 7.02. 
 “New First Priority Debt Documents” shall have the meaning assigned to such term in Section 7.02. 
 “Pledged or Controlled Collateral” shall have the meaning assigned to such term in Article V. 
 “Refinance” shall mean, in respect of any Indebtedness, to refinance, extend, renew, restructure (including by the amendment and restatement of any instrument or agreement evidencing such
Indebtedness) or replace or to issue other Indebtedness in exchange or replacement for, such Indebtedness, in whole or in part. “Refinanced” and “Refinancing” shall have correlative meanings.

 “Refinancing Notice” shall have the meaning assigned to such term in Section 7.02. 
  

 INTERCREDITOR AGREEMENT – Page 5 

 “Release” shall have the meaning assigned to such term in Section 3.04.

 “Second Priority Agent” shall have the meaning assigned to such term in the preamble to this Agreement.

 “Second Priority Claims” shall mean the obligations of the Borrowers and the Guarantors under or with respect to
(i) the Second Priority Debt Agreement, (ii) the promissory notes from time to time issued under the Second Priority Debt Agreement, (iii) any guaranty by a Guarantor of the Second Priority Debt Agreement or such promissory notes, or
(iv) any other Second Priority Debt Document. 
 “Second Priority Collateral” shall mean all
“Collateral”, as defined in any Second Priority Debt Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Priority Claims. 
 “Second Priority Creditors” shall mean the “Holders”, as defined in the Second Priority Debt Agreement. 
 “Second Priority Debt Agreement” shall have the meaning assigned to such term in the preliminary statement of this Agreement.

 “Second Priority Debt Documents” shall mean the “Indenture Documents”, as defined in the Second Priority
Debt Agreement. 
 “Second Priority Liens” shall mean (i) the Liens on the Second Priority Collateral in favor
of the Second Priority Secured Parties as set forth on Schedule 1 attached hereto and (ii) all other Liens on the Second Priority Collateral securing the Second Priority Claims, whether created under the Second Priority Security Documents or
acquired by possession, statute (including any judgment lien), operation of law, subrogation or otherwise. 
 “Second Priority
Mortgages” shall mean, collectively, each mortgage, deed of trust, leasehold mortgage, assignment of leases and rents, modifications and any other agreement, document or instrument pursuant to which any Lien on real property is granted
by any Grantor to secure any Second Priority Claims or under which rights or remedies with respect to any such Lien are governed. 
 “Second Priority Permitted Actions” shall have the meaning assigned to such term in Section 3.01(a). 
 “Second Priority Secured Parties” shall mean, at any time, (a) the Second Priority Creditors, (b) the Second Priority Trustee, (c) the Second Priority Agent, (d) each other Person to whom any of
the Second Priority Claims (including indemnification obligations) is owed and (e) the successors and assigns of each of the foregoing. 
 “Second Priority Security Agreement” shall have the meaning assigned to such term in the preliminary statement of this Agreement. 
  

 INTERCREDITOR AGREEMENT – Page 6 

 “Second Priority Security Documents” shall mean the “Collateral
Agreements”, as defined in the Second Priority Debt Agreement, including the Second Priority Mortgages and the Second Priority Security Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted by any
Grantor to secure any Second Priority Claims or under which rights or remedies with respect to any such Lien are governed. 
 “Secured Parties” shall mean, as the context may require, the First Priority Secured Party and/or the Second Priority Secured Parties. 
 “Security Documents” shall mean the First Priority Security Documents and the Second Priority Security Documents. 
 “Standstill Period” shall have the meaning assigned to such term in Section 3.02(a). 
 “Subsidiary” means: 
 (1) any corporation, association or other business entity (other than
a partnership) of which more than 50% of the total voting power (without regard to the occurrence of any contingency) of Capital Stock is at the time owned or controlled, directly or through another Subsidiary, by the Company or any New Parent, or
one or more of the other Subsidiaries of the Company or any New Parent (or a combination thereof); and 
 (2) any partnership
(a) the sole general partner or the managing general partner of which is the Company or any New Parent, or a Subsidiary of the Company or any New Parent, (b) the only general partners of which are the Company, any New Parent or one or more
Subsidiaries of the Company or any New Parent(or any combination thereof), or (c) as to which the Company, any New Parent and their Subsidiaries are entitled to receive more than 50% of the assets of such partnership upon its dissolution.

 “Uniform Commercial Code” or “UCC” shall mean the Uniform Commercial Code (or any similar
or equivalent legislation) as in effect from time to time in any applicable jurisdiction. 
 SECTION 1.03. Terms Generally. The
definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated,
supplemented or otherwise modified, (b) any reference herein (i) to any Person shall be construed to include such Person’s successors and assigns and (ii) to a Borrower or any other Grantor shall be construed to include such
Borrower or such Grantor as debtor and debtor-in-possession and any receiver or trustee for such Borrower or any other Grantor, as the case may be, in any Insolvency or Liquidation Proceeding or Liquidation Sale, (c) the words
“herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles or
Sections shall be 

  

 INTERCREDITOR AGREEMENT – Page 7 

 
construed to refer to Articles or Sections of this Agreement and (e) the words “asset” and “property” shall be construed to have the
same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 
 ARTICLE II 
 Lien Priorities 
 SECTION 2.01. Relative Priorities. Notwithstanding the date, manner or order of grant, attachment or perfection of any Second Priority Lien
or any First Priority Lien, and notwithstanding any provision of the UCC or any other applicable law or the provisions of any Security Document or any other Debt Document or any other circumstance whatsoever, each Collateral Agent, for itself and on
behalf of the Secured Parties on whose behalf it acts in such capacity therefor, hereby agrees that, so long as the Discharge of First Priority Claims has not occurred, (i) any First Priority Lien on any Collateral now or hereafter held by or
for the benefit of any First Priority Secured Party shall be senior in right, priority, operation, effect and all other respects to any and all Second Priority Liens on any Collateral and (ii) any Second Priority Lien on any Collateral now or
hereafter held by or for the benefit of any Second Priority Secured Party shall be junior and subordinate in right, priority, operation, effect and all other respects to any and all First Priority Liens on any Collateral. 
 SECTION 2.02. Prohibition on Contesting Liens. Each Collateral Agent, for itself and on behalf of the other Secured Parties on whose behalf
it acts in such capacity therefor, agrees that it will not, and hereby waives any right to, contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the priority, validity or
enforceability of any Second Priority Lien or any First Priority Lien, as the case may be; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Collateral Agent or any other Secured Party to enforce this
Agreement to the extent provided hereby. 
 SECTION 2.03. No New Liens. The parties hereto agree that, so long as the Discharge
of First Priority Claims has not occurred, none of the Grantors shall, nor shall any Grantor permit any of its Subsidiaries to, (i) grant or permit any additional Liens on any asset of a Grantor to secure any Second Priority Claim unless it has
granted, or substantially concurrently therewith grants, a Lien on such asset of such Grantor to secure the First Priority Claims or (ii) grant or permit any additional Liens on any asset of a Grantor to secure any First Priority Claims unless
it has granted, or substantially concurrently therewith grants, a Lien on such asset of a Grantor to secure the Second Priority Claims, with each such Lien to be subject to the provisions of this Agreement. To the extent that the provisions of the
immediately preceding sentence are not complied with for any reason, without limiting any other right or remedy available to the First Priority Agent or the other First Priority Secured Party, the Second Priority Agent agrees, for itself and on
behalf of the other Second Priority Secured Parties, that any amounts received by or distributed to any Second Priority Secured Party pursuant to or as a result of any Lien granted in contravention of this Section 2.03 shall be subject to
Section 4.02. 
  

 INTERCREDITOR AGREEMENT – Page 8 

 SECTION 2.04. Similar Collateral. The parties hereto acknowledge and agree that it is their
intention that the First Priority Collateral and the Second Priority Collateral be identical. In furtherance of the foregoing, the parties hereto agree to cooperate in good faith in order to determine, upon any reasonable request by the First
Priority Agent or the Second Priority Agent, the specific assets included in the First Priority Collateral and the Second Priority Collateral, the steps taken to perfect the First Priority Liens and the Second Priority Liens thereon and the identity
of the respective parties obligated under the First Priority Debt Documents and the Second Priority Debt Documents in respect of the First Priority Claims and the Second Priority Claims, respectively. 
 ARTICLE III 
 Enforcement of
Rights; Matters Relating to Collateral 
 SECTION 3.01. Exercise of Rights and Remedies; Option to Purchase. (a) So
long as the Discharge of First Priority Claims has not occurred, whether or not any Insolvency or Liquidation Proceeding or Liquidation Sale has been commenced, the First Priority Agent and the other First Priority Secured Party shall have the
exclusive right to enforce rights and exercise remedies (including any right of setoff) with respect to the Collateral (including making determinations regarding the release, Disposition or restrictions with respect to the Collateral), or to
commence or seek to commence any action or proceeding with respect to such rights or remedies (including any foreclosure action or proceeding or any Insolvency or Liquidation Proceeding or Liquidation Sale), in each case, without any consultation
with or the consent of the Second Priority Agent or any other Second Priority Secured Party; provided that, notwithstanding the foregoing, (i) in any Insolvency or Liquidation Proceeding, the Second Priority Agent may file a proof of
claim or statement of interest with respect to the Second Priority Claims; (ii) the Second Priority Agent may take any action to preserve or protect the validity and enforceability of the Second Priority Liens, provided that no such
action is (A) adverse to the First Priority Liens or the rights of the First Priority Agent or any other First Priority Secured Party to exercise remedies in respect thereof or (B) otherwise inconsistent with the terms of this Agreement,
including the automatic release of Second Priority Liens provided in Section 3.04; (iii) the Second Priority Secured Parties may file any responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other
pleading made by any Person objecting to or otherwise seeking the disallowance of the claims of the Second Priority Secured Parties, including any claims secured by the Collateral or otherwise make any agreements or file any motions pertaining to
the Second Priority Claims, in each case, to the extent not inconsistent with the terms of this Agreement; (iv) the Second Priority Secured Parties may exercise rights and remedies as unsecured creditors, as provided in Section 3.03;
(v) if the First Priority Claims are accelerated, the Second Priority Secured Parties may accelerate the Second Priority Claims; and (vi) subject to Section 3.02, the Second Priority Agent and the other Second Priority Secured Parties
may enforce any of their rights and exercise any of their remedies with respect to the Collateral after the termination of the Standstill Period (the actions described in this proviso being referred to herein as the “Second Priority
Permitted Actions”). Except for the Second Priority Permitted Actions, unless and until the Discharge of First Priority Claims has occurred, the sole right of the Second Priority Agent and the other Second Priority Secured Parties with
respect to the Collateral shall be to receive the proceeds of the Collateral, if any, remaining after the Discharge of First Priority Claims has occurred and in accordance with the Second Priority Debt Documents and applicable law. 
  

 INTERCREDITOR AGREEMENT – Page 9 

 (b) In exercising rights and remedies with respect to the Collateral, the First Priority Agent and the
other First Priority Secured Party may enforce the provisions of the First Priority Debt Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in their sole discretion. Such exercise and enforcement
shall include the rights of an agent appointed by them to Dispose of Collateral upon foreclosure, to incur expenses in connection with any such Disposition and to exercise all the rights and remedies of a secured creditor under the Uniform
Commercial Code, the Bankruptcy Code or any other Bankruptcy Law. The First Priority Agent agrees to provide at least ten Business Days’ prior written notice to the Second Priority Agent of its intention to foreclose upon or Dispose of any
Collateral; provided, however, that the failure to give any such notice shall not in any way limit its ability to foreclose upon or Dispose of any Collateral. 
 (c) The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, hereby acknowledges and agrees that no covenant, agreement or restriction contained in any Second Priority Security
Document or any other Second Priority Debt Document shall be deemed to restrict in any way the rights and remedies of the First Priority Agent or the other First Priority Secured Party with respect to the Collateral as set forth in this Agreement
and the other First Priority Debt Documents. 
 (d) Notwithstanding anything in this Agreement to the contrary, following the acceleration of
the Indebtedness then outstanding under the First Priority Debt Agreement or the commencement of an Insolvency or Liquidation Proceeding, the Second Priority Secured Parties may (but shall not be obligated to), at their sole expense and effort, upon
notice to the Borrowers and the First Priority Agent, require the First Priority Secured Party to transfer and assign to the Second Priority Secured Parties, without warranty or representation or recourse, all (but not less than all) of the First
Priority Claims at par; provided that (x) such assignment shall not conflict with any law, rule or regulation or order of any court or other Governmental Authority having jurisdiction, and (y) the Second Priority Secured Parties
shall have paid to the First Priority Agent, for the account of the First Priority Secured Party, in immediately available funds, an amount equal to 100% of the principal of such Indebtedness plus all accrued and unpaid interest thereon
plus all accrued and unpaid fees plus all the other First Priority Claims then outstanding (which shall include, with respect to (i) the aggregate face amount of the Letters of Credit outstanding under the First Priority Debt
Documents, posting cash collateral in an amount equal to 105% thereof, and (ii) each commodity or interest rate hedging, cap, collar, swap or other similar agreement that evidences any Hedging Obligations included in such First Priority Claims,
100% of the aggregate amount of such First Priority Claims, after giving effect to any netting arrangements, that the applicable Grantor would be required to pay if such commodity or interest rate hedging, cap, collar, swap or other similar
agreements were terminated at such time, calculated using the market quotation method). In order to effectuate the foregoing, the First Priority Agent shall calculate, upon the written request of the Second Priority Agent from time to time, the
amount in cash that would be necessary so to purchase the First Priority Claims. If the right set forth in this Section 3.01(d) is exercised, the parties shall endeavor to close promptly thereafter but in any event within ten Business Days of
the request set forth in the first sentence of this Section 3.01(d). If one or more of the Second Priority Secured Parties exercises the right set forth in this Section 3.01(d), it shall be exercised pursuant to documentation mutually
acceptable to each of the First Priority Agent and the Second Priority Agent. 
  

 INTERCREDITOR AGREEMENT – Page 10 

 (e) In exercising rights and remedies with respect to the Collateral, the Second Priority Agent and the
other Second Priority Secured Parties may enforce the provisions of the Second Priority Debt Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in their sole discretion, in each case, to the extent
that such enforcement or exercise is not otherwise prohibited by clauses (a) through (d) of this Section 3.01. Such exercise and enforcement shall, in each case, to the extent that such enforcement or exercise is not otherwise
prohibited by clauses (a) through (d) of this Section 3.01, include the rights of an agent appointed by them to Dispose of Collateral upon foreclosure, to incur expenses in connection with any such Disposition and to exercise all the
rights and remedies of a secured creditor under the Uniform Commercial Code, the Bankruptcy Code or any other Bankruptcy Law. The Second Priority Agent agrees to provide at least ten Business Days’ prior written notice to the First Priority
Agent of its intention to foreclose upon or Dispose of any Collateral; provided, however, that the failure to give any such notice shall not in any way limit its ability to foreclose upon or Dispose of any Collateral to the extent that
such foreclosure is not otherwise prohibited by clauses (a) through (d) of this Section 3.01. 
 SECTION 3.02. No
Interference. The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, agrees that, whether or not any Insolvency or Liquidation Proceeding or Liquidation Sale has been commenced, the Second Priority
Secured Parties: 
 (a) except for Second Priority Permitted Actions, will not, so long as the Discharge of First Priority Claims has not
occurred, (A) enforce or exercise, or seek to enforce or exercise, any rights or remedies (including any right of setoff) with respect to any Collateral (including the enforcement of any right under any account control agreement, landlord
waiver or bailee’s letter or any similar agreement or arrangement to which the Second Priority Agent or any other Second Priority Secured Party is a party) or (B) commence or join with any Person (other than the First Priority Agent) in
commencing, or petition for or vote in favor of any resolution for, any action or proceeding with respect to such rights or remedies (including any foreclosure action); provided, however, that the Second Priority Agent may enforce or exercise
any or all such rights and remedies, or commence, join with any Person in commencing, or petition for or vote in favor of any resolution for, any such action or proceeding, after a period of 180 days has elapsed since the date on which the Second
Priority Agent has delivered to the First Priority Agent written notice of the occurrence of an Event of Default (as defined in the Second Priority Debt Documents) and its current intention to accelerate the Indebtedness then outstanding under the
Second Priority Debt Agreement (the “Standstill Period”); provided further, however, that (1) notwithstanding the expiration of the Standstill Period or anything herein to the contrary, in no event shall the
Second Priority Agent or any other Second Priority Secured Party enforce or exercise any rights or remedies with respect to any Collateral, or commence, join with any Person at any time in commencing, or petition for or vote in favor of any
resolution for, any such action or proceeding, if the First Priority Agent or any other First Priority Secured Party shall have commenced, and shall be diligently pursuing (or shall have sought or requested relief from or modification of the
automatic stay or any other stay in any Insolvency or Liquidation Proceeding to enable the commencement and pursuit thereof), the enforcement or exercise of any 

  

 INTERCREDITOR AGREEMENT – Page 11 

 
rights or remedies with respect to all or a material portion of the Collateral or any such action or proceeding (prompt written notice thereof to be given to
the Second Priority Agent by the First Priority Agent) and (2) after the expiration of the Standstill Period, so long as neither the First Priority Agent nor the First Priority Secured Party has commenced any action to enforce their Lien on any
material portion of the Collateral, in the event that and for so long as the Second Priority Secured Parties (or the Second Priority Agent on their behalf) have commenced any actions to enforce their Liens with respect to any material portion of the
Collateral to the extent permitted hereunder and are diligently pursuing such actions, neither the First Priority Secured Party nor the First Priority Agent shall take any action of a similar nature with respect to such Collateral; provided
that all other provisions of this Agreement (including the turnover provisions of Article IV) are complied with; 
 (b) will not contest,
protest or object to any foreclosure action or proceeding brought by the First Priority Agent or any other First Priority Secured Party, or any other enforcement or exercise by any First Priority Secured Party of any rights or remedies relating to
the Collateral under the First Priority Debt Documents or an Insolvency or Liquidation Proceeding or in connection with a Liquidation Sale or otherwise, so long as Second Priority Liens attach to the proceeds thereof subject to the relative
priorities set forth in Section 2.01(a); 
 (c) subject to the rights of the Second Priority Secured Parties under Section 3.02(a),
will not object to the forbearance by the First Priority Agent or any other First Priority Secured Party from commencing or pursuing any foreclosure action or proceeding or any other enforcement or exercise of any rights or remedies with respect to
the Collateral; 
 (d) will not, so long as the Discharge of First Priority Claims has not occurred and except for Second Priority Permitted
Actions, take or receive any Collateral, or any proceeds thereof or payment with respect thereto, in connection with the exercise of any right or enforcement of any remedy (including any right of setoff) with respect to any Collateral or in
connection with any insurance policy award under a policy of insurance relating to any Collateral or any condemnation award (or deed in lieu of condemnation) relating to any Collateral; 
 (e) will not, except for Second Priority Permitted Actions, take any action that would, or could reasonably be expected to, hinder, in any manner, any
exercise of remedies under the First Priority Debt Documents, including any Disposition of any Collateral, whether by foreclosure or otherwise; 
 (f) will not, except for Second Priority Permitted Actions, object to the manner in which the First Priority Agent or any other First Priority Secured Party may seek to enforce or collect the First Priority Claims or the First Priority
Liens, regardless of whether any action or failure to act by or on behalf of the First Priority Agent or any other First Priority Secured Party is, or could be, adverse to the interests of the Second Priority Secured Parties, and will not assert,
and hereby waive, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or claim the benefit of any marshalling, appraisal, valuation or other similar right that may be available under applicable law with
respect to the Collateral or any similar rights a junior secured creditor may have under applicable law; and 
  

 INTERCREDITOR AGREEMENT – Page 12 

 (g) will not attempt, directly or indirectly, whether by judicial proceeding or otherwise, to challenge
or question the validity or enforceability of any First Priority Claim or any First Priority Security Document, including this Agreement, or the validity or enforceability of the priorities, rights or obligations established by this Agreement.

 SECTION 3.03. Rights as Unsecured Creditors. Except as provided in Sections 2.01, 2.02, 3.01 and 6.01, the Second Priority
Agent and the other Second Priority Secured Parties may, in accordance with the terms of the Second Priority Debt Documents and applicable law, enforce rights and exercise remedies against any Grantor as unsecured creditors; provided that no
such action is otherwise inconsistent with the terms of this Agreement. Without limiting the generality of the foregoing sentence, the Second Priority Secured Parties shall be entitled to prosecute litigation against any Grantor or any other Person
liable in respect of the Second Priority Claims, notwithstanding whether any Standstill Period is then in effect, but shall be prohibited from taking any action to enforce any judgment until the lapse of any applicable Standstill Period. Nothing in
this Agreement shall prohibit the receipt by the Second Priority Agent or any other Second Priority Secured Party of the required payments of principal, premium, interest, fees and other amounts due under the Second Priority Debt Documents so long
as such receipt is not the direct or indirect result of the enforcement or exercise by the Second Priority Agent or any other Second Priority Secured Party of rights or remedies in contravention of this Agreement as a secured creditor (including any
right of setoff) against Collateral or enforcement in contravention of this Agreement of any Second Priority Lien against Collateral (including any judgment lien resulting from the exercise of remedies available to an unsecured creditor).

 SECTION 3.04. Automatic Release of Second Priority Liens. 
 (a) If, in connection with (i) any Disposition of any Collateral permitted under the terms of the First Priority Debt Documents or (ii) the
enforcement or exercise of any rights or remedies with respect to the Collateral, including any Disposition of Collateral, the First Priority Agent, for itself and on behalf of the other First Priority Secured Party, (x) releases any of the
First Priority Liens, or (y) releases any Guarantor (other than the Company or any New Parent) from its obligations under its guarantee of the First Priority Claims (in each case, a “Release”), other than any such
Release granted following (and not as a condition to) the Discharge of First Priority Claims, then the Second Priority Liens on such Collateral, and the obligations of such Guarantor under its guarantee of the Second Priority Claims, shall be
automatically, unconditionally and simultaneously released, and the Second Priority Agent shall, for itself and on behalf of the other Second Priority Secured Parties, promptly execute and deliver to the First Priority Agent, the relevant Grantor or
such Guarantor such termination statements, releases and other documents as the First Priority Agent or the relevant Grantor or Guarantor may reasonably request to effectively confirm such Release. 
 (b) Until the Discharge of First Priority Claims occurs, the Second Priority Agent, for itself and on behalf of each other Second Priority Secured Party,
hereby appoints the First Priority Agent, and any officer or agent of the First Priority Agent, with full power of substitution, as the attorney-in-fact of each Second Priority Secured Party for the purpose of carrying out the provisions of this
Section 3.04 and taking any action and executing any instrument that the First Priority Agent may deem necessary or advisable to accomplish the purposes of this Section 3.04 (including any endorsements or other instruments of transfer or
release), which appointment is irrevocable and coupled with an interest. 
  

 INTERCREDITOR AGREEMENT – Page 13 

 SECTION 3.05. Automatic Release of First Priority Liens. If, in connection with the
enforcement or exercise of any rights or remedies with respect to the Collateral after the expiration of the Standstill Period that is permitted in accordance with clause (2) of the second proviso to Section 3.02(a), including any
Disposition of Collateral, the Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, (x) releases any of the Second Priority Liens, or (y) releases any Guarantor from its obligations under its
guarantee of the Second Priority Claims (in each case, a “Second Priority Release”), then the First Priority Liens on such Collateral, and the obligations of such Guarantor under its guarantee of the First Priority Claims,
shall be automatically, unconditionally and simultaneously released, and the First Priority Agent shall, for itself and on behalf of the other First Priority Secured Party, promptly execute and deliver to the Second Priority Agent, the relevant
Grantor or such Guarantor such termination statements, releases and other documents as the Second Priority Agent or the relevant Grantor or Guarantor may reasonably request to effectively confirm such release; provided that so long as the
Discharge of First Priority Claims has not occurred, the proceeds of, or payments with respect to, any Second Priority Release that are received by the Second Priority Agent or any other Second Priority Secured Party, shall be segregated and held in
trust and forthwith transferred or paid over to the First Priority Agent for the benefit of the First Priority Secured Party in accordance with Section 4.02; provided further, however, that the First Priority Lender shall not be
obligated to release the First Priority Liens on any Collateral in connection with any sale or other Disposition of Collateral to a Second Priority Secured Party or an affiliate thereof or any other transaction other than a sale of such Collateral
to a third Person with respect to which at least 75% of the consideration therefor consists of cash and cash equivalents. 
 SECTION 3.06.
Insurance and Condemnation Awards. So long as the Discharge of First Priority Claims has not occurred, the First Priority Agent and the other First Priority Secured Party shall have the exclusive right, subject to the rights of the
Grantors under the First Priority Debt Documents, to settle and adjust claims in respect of Collateral under policies of insurance covering Collateral and to approve any award granted in any condemnation or similar proceeding, or any deed in lieu of
condemnation, in respect of the Collateral. All proceeds of any such policy and any such award, or any payments with respect to a deed in lieu of condemnation, shall (a) first, prior to the Discharge of First Priority Claims and subject to the
rights of the Grantors under the First Priority Debt Documents, be paid to the First Priority Agent for the benefit of First Priority Secured Party pursuant to the terms of the First Priority Debt Documents, (b) second, after the Discharge of
First Priority Claims and subject to the rights of the Grantors under the Second Priority Debt Documents, be paid to the Second Priority Agent for the benefit of the Second Priority Secured Parties pursuant to the terms of the Second Priority Debt
Documents, and (c) third, be paid to the owner of the subject property or as a court of competent jurisdiction may otherwise direct. Until the Discharge of First Priority Claims has occurred, if the Second Priority Agent or any other Second
Priority Secured Party shall, at any time, receive any proceeds of any such insurance policy or any such award or payment, it shall transfer and pay over such proceeds to the First Priority Agent in accordance with Section 4.02. 
  

 INTERCREDITOR AGREEMENT – Page 14 

 SECTION 3.07. Notification of Release of Collateral. Each of the First Priority Agent and
the Second Priority Agent shall give the other prompt written notice of the Disposition by it of, and Release by it of the Lien on, any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties involved in such
Disposition or Release, the place, time manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the effectiveness of
any such Disposition or Release. 
 ARTICLE IV 
 Payments 
 SECTION 4.01. Application of Proceeds. Any Collateral or proceeds
thereof received by any Secured Party in connection with any Disposition of, or collection on, such Collateral upon the enforcement or exercise of any right or remedy (including any right of setoff) will be applied as follows: 
 first, to the payment of costs and expenses of the applicable Secured Party in connection with such enforcement or exercise; 

second, after all such costs and expenses have been paid in full in cash, to the payment of the First Priority Claims in accordance
with the First Priority Debt Documents; 
 third, after all such costs and expenses have been paid in full in cash and the
Discharge of First Priority Claims has occurred, to the payment of the Second Priority Claims, and 
 fourth, after all such
costs and expenses have been paid in full in cash, the Discharge of First Priority Claims has occurred, and the Discharge of Second Priority Claims has occurred, any surplus Collateral or proceeds then remaining will be returned to the applicable
Borrower, the applicable Guarantor or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct. 
 SECTION 4.02. Payment Over. So long as the Discharge of First Priority Claims has not occurred, any Collateral or any proceeds thereof (together with assets or proceeds subject to Liens referred to in the final sentence of
Section 2.03) received by the Second Priority Agent or any other Second Priority Secured Party in connection with any Disposition of, or collection on, such Collateral upon the enforcement or the exercise of any right or remedy (including any
right of setoff) with respect to the Collateral, or in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation) with respect to the Collateral, shall be segregated and held in trust and forthwith
transferred or paid over to the First Priority Agent for the benefit of the First Priority Secured Party in the same form as received, together with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. Until the
Discharge of First Priority Claims occurs, the Second Priority Agent, for itself and on behalf of each other Second Priority Secured Party, hereby appoints the First Priority Agent, and any 

  

 INTERCREDITOR AGREEMENT – Page 15 

 
officer or agent of the First Priority Agent, with full power of substitution, the attorney-in-fact of each Second Priority Secured Party for the purpose of
carrying out the provisions of this Section 4.02 and taking any action and executing any instrument that the First Priority Agent may deem necessary or advisable to accomplish the purposes of this Section 4.02, which appointment is
irrevocable and coupled with an interest. 
 SECTION 4.03. Certain Agreements with Respect to Unenforceable Liens.
Notwithstanding anything to the contrary contained herein, if in any Insolvency or Liquidation Proceeding a determination is made that any Lien encumbering any Collateral is not enforceable for any reason, then the Second Priority Agent and the
Second Priority Secured Parties agree that, any distribution or recovery they may receive with respect to, or allocable to, the value of the assets constituting Collateral subject to an enforceable Lien in favor of the Second Priority Secured
Parties or any proceeds thereof shall (for so long as the Discharge of First Priority Claims has not occurred) be segregated and held in trust and forthwith paid over to the First Priority Agent for the benefit of the First Priority Secured Party in
the same form as received without recourse, representation or warranty (other than a representation of the Second Priority Agent that it has not otherwise sold, assigned, transferred or pledged any right, title or interest in and to such
distribution or recovery) but with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. Until the Discharge of First Priority Claims occurs, the Second Priority Agent, for itself and on behalf of each other Second
Priority Secured Party, hereby appoints the First Priority Agent, and any officer or agent of the First Priority Agent, with full power of substitution, the attorney-in-fact of each Second Priority Secured Party for the limited purpose of carrying
out the provisions of this Section 4.03 and taking any action and executing any instrument that the First Priority Agent may deem necessary or advisable to accomplish the purposes of this Section 4.03, which appointment is irrevocable and
coupled with an interest. 
 ARTICLE V 
 Bailment for Perfection of Certain Security Interests 
 (a) The parties agree that if the
First Priority Agent shall at any time hold a First Priority Lien on any Collateral that can be perfected or the priority of which can be enhanced by the possession or control of such Collateral or of any account in which such Collateral is held,
and if such Collateral or any such account is in fact in the possession or under the control of the First Priority Agent, or of agents or bailees of the First Priority Agent (such Collateral being referred to herein as the “Pledged or
Controlled Collateral”), the First Priority Agent shall, solely for the purpose of perfecting the Second Priority Liens granted under the Second Priority Debt Documents and subject to the terms and conditions of this Article V, also
(i) hold and/or maintain control of such Pledged or Controlled Collateral as gratuitous bailee for and representative (as defined in Section 1-201(35) of the Uniform Commercial Code as in effect in the State of New York) of, or as agent
for, the Second Priority Agent, (ii) with respect to any securities accounts included in the Collateral, have “control” (within the meaning of Section 8-106(d)(3) of the UCC) of such securities accounts on behalf of the Second
Priority Agent and (iii) with respect to any deposit accounts included in the Collateral, act as agent for the Second Priority Agent and any assignee. 
  

 INTERCREDITOR AGREEMENT – Page 16 

 (b) So long as the Discharge of First Priority Claims has not occurred, the First Priority Agent shall be
entitled to deal with the Pledged or Controlled Collateral in accordance with the terms of this Agreement and the other First Priority Debt Documents as if the Second Priority Liens did not exist. The obligations and responsibilities of the First
Priority Agent to the Second Priority Agent and the other Second Priority Secured Parties under this Article V shall be limited solely to holding or controlling the Pledged or Controlled Collateral as gratuitous bailee and representative (as defined
in Section 1 201(35) of the Uniform Commercial Code as in effect in the State of New York) in accordance with this Article V. Without limiting the foregoing, the First Priority Agent shall have no obligation or responsibility to ensure that any
Pledged or Controlled Collateral is genuine or owned by any of the Grantors. The First Priority Agent acting pursuant to this Article V shall not, by reason of this Agreement, any other Security Document or any other document, have a fiduciary
relationship in respect of any other First Priority Secured Party, the Second Priority Agent or any other Second Priority Secured Party. 
 (c) Upon the Discharge of First Priority Claims, the First Priority Agent shall (i) transfer the possession and control of the Pledged or Controlled Collateral, together with any necessary endorsements but without recourse or warranty,
to the Second Priority Agent, and (ii) if no Second Priority Claims are outstanding at such time, to the applicable Grantor, in each case so as to allow such Person to obtain possession and control of such Pledged or Controlled Collateral. In
connection with any transfer under clause (i) of the immediately preceding sentence, the First Priority Agent agrees, at the expense of the Grantors, to take all actions in its power as shall be reasonably requested by the Second Priority Agent
to permit the Second Priority Agent to obtain, for the benefit of the Second Priority Secured Parties, a first priority security interest in the Pledged or Controlled Collateral. 
 (d) After the Discharge of First Priority Claims and upon the Discharge of Second Priority Claims, the Second Priority Agent shall transfer the
possession and control of the Pledged or Controlled Collateral, together with any necessary endorsements but without recourse or warranty, to the applicable Grantor, in each case so as to allow such Person to obtain possession and control of such
Pledged or Controlled Collateral. 
 ARTICLE VI 
 Insolvency or Liquidation Proceedings 
 SECTION 6.01. Finance and Sale Matters.
(a) Until the Discharge of First Priority Claims has occurred, the Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, and subject to the provisions of Section 6.01(b), agrees that, in the event of any
Insolvency or Liquidation Proceeding, the Second Priority Secured Parties: 
 (i) will not oppose or object to the use of any
Collateral constituting cash collateral under Section 363 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law, unless the First Priority Secured Party, or a representative authorized by the First Priority Secured
Party, shall oppose or object to such use of cash collateral; 
  

 INTERCREDITOR AGREEMENT – Page 17 

 (ii) will not oppose or object to any post-petition financing provided to any Grantor,
whether provided by the First Priority Secured Party or any other Person, under Section 364 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law (a “DIP Financing”), or the Liens securing any
DIP Financing (“DIP Financing Liens”), unless the First Priority Secured Party, or a representative authorized by the First Priority Secured Party, shall then oppose or object to such DIP Financing, such DIP Financing Liens
or such DIP Financing Liens are not senior to or rank pari passu with the First Priority Liens, and, to the extent that such DIP Financing Liens are not senior to, or rank pari passu with, the First Priority Liens on the Collateral,
the Second Priority Agent will, for itself and on behalf of the other Second Priority Secured Parties, subordinate the Second Priority Liens on the Collateral to the First Priority Liens on the Collateral, if applicable, and the DIP Financing Liens
on the terms of this Agreement; provided that, notwithstanding anything herein to the contrary, the Second Priority Secured Parties retain their rights under the Bankruptcy Code to make post-petition financing proposals and such proposals
shall not be deemed to be an objection to any other DIP Financing proposals so long as (x) any court order approving such post-petition financing requires that the First Priority Claims be paid in full in cash as a condition to such
post-petition financing, and (y) the First Priority Claims are paid in full in cash on the date of such post-petition financing, which date shall be no later than 10 days after the date on which such post-petition financing is approved by the
court in which such Insolvency or Liquidation Proceeding is pending; 
 (iii) except to the extent permitted by
Section 6.01(b), in connection with the use of cash collateral as described in clause (i) above or a DIP Financing, will not request adequate protection with respect to any such collateral or any other relief in connection with such use of
cash collateral, DIP Financing or DIP Financing Liens; and 
 (iv) will not oppose or object to any Disposition of any
Collateral free and clear of the Second Priority Liens or other claims under Section 363 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law, if the First Priority Secured Party, or a representative authorized by the
First Priority Secured Party, shall consent to such Disposition free and clear of First Priority Liens. 
 (b) The Second Priority Agent, for
itself and on behalf of the other Second Priority Secured Parties, agrees that no Second Priority Secured Party shall contest, or support any other Person in contesting, (i) any request by the First Priority Agent or any other First Priority
Secured Party for adequate protection in respect of any First Priority Claims or (ii) any objection, based on a claim of a lack of adequate protection with respect of any First Priority Claims, by the First Priority Agent or any other First
Priority Secured Party to any motion, relief, action or proceeding. Notwithstanding the immediately preceding sentence, if, in connection with any DIP Financing or use of cash collateral, (A) any First Priority Secured Party seeks or requests
adequate protection in the form of a Lien on additional collateral, the Second Priority Agent may, for itself and on behalf of the other Second Priority Secured Parties, seek or request adequate protection in the form of a Lien on such additional
collateral, which Lien will be subordinated to the First Priority Liens and DIP Financing Liens on the same basis as the other Second Priority Liens are subordinated to the First Priority Liens under this Agreement or (B) any Second Priority
Secured Party is granted adequate protection in the form of a Lien on 

  

 INTERCREDITOR AGREEMENT – Page 18 

 
additional collateral, the First Priority Agent shall, for itself and on behalf of the other First Priority Secured Party, be granted adequate protection in
the form of a Lien on such additional collateral that is senior to such Second Priority Lien as security for the First Priority Claims. 
 (c) Notwithstanding the foregoing, the applicable provisions of Section 6.01(a) and (b) shall only be binding on the Second Priority Secured Parties with respect to any DIP Financing to the extent the principal amount of such DIP
Financing, when taken together with the aggregate principal amount of the First Priority Claims (which, in each case, for the avoidance of doubt shall not include any First Priority Claims of the type described in clause (ii) of the definition
thereof), does not exceed the sum of (i) the amount of Indebtedness at the time permitted to be outstanding pursuant to clause (i) of the definition of “Permitted Debt” in the Second Priority Debt Document, and
(ii) $4,000,000. 
 SECTION 6.02. Relief from the Automatic Stay. The Second Priority Agent, for itself and on behalf of
the other Second Priority Secured Parties, agrees that, so long as the Discharge of First Priority Claims has not occurred, no Second Priority Secured Party shall, without the prior written consent of the First Priority Agent, seek or request relief
from or modification of the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of any part of the Collateral, any proceeds thereof or any Second Priority Lien on the Collateral. 
 SECTION 6.03. Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor
secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of the First Priority Claims and the Second Priority Claims, then, to the extent
the debt obligations distributed on account of the First Priority Claims, on account of the Second Priority Claims are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt
obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 
 SECTION 6.04.
Post-Petition Interest. The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, agrees that no Second Priority Secured Party shall oppose or seek to challenge any claim by the First Priority
Agent or any other First Priority Secured Party for allowance in any Insolvency or Liquidation Proceeding of First Priority Claims consisting of post-petition interest, fees or expenses to the extent of the value of the First Priority Liens (it
being understood and agreed that such value shall be determined without regard to the existence of the Second Priority Liens on the Collateral). 
 (b) The First Priority Agent, for itself and on behalf of the other First Priority Secured Party, agrees that the Second Priority Agent or any other Second Priority Secured Party may make a claim for allowance in any Insolvency or
Liquidation Proceeding of Second Priority Claims consisting of post-petition interest, fees or expenses to the extent of the value of the Second Priority Liens; provided, however, that if the First Priority Secured Party shall have made any
such claim, such claim (A) shall have also have been approved or (B) shall have been approved prior to, or will be approved contemporaneous with, the approval of any such claim by any Second Priority Secured Party. 
  

 INTERCREDITOR AGREEMENT – Page 19 

 SECTION 6.05. Certain Waivers by the Second Priority Secured Parties. The Second Priority
Agent, for itself and on behalf of the other Second Priority Secured Parties, waives any claim any Second Priority Secured Party may hereafter have against any First Priority Secured Party arising out of (a) the election by any First Priority
Secured Party of the application of Section 1111(b)(2) of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law, or (b) to the extent provided in Section 6.01(a), any use of cash collateral or financing
arrangement, or any grant of a security interest in the Collateral, in any Insolvency or Liquidation Proceeding. 
 SECTION 6.06.
Certain Voting Matters. Each of the First Priority Agent, on behalf of the First Priority Secured Party, and the Second Priority Agent, on behalf of the Second Priority Secured Parties, agrees that, without the written consent of the
other, it will not seek to vote with the other as a single class in connection with any plan of reorganization in any Insolvency or Liquidation Proceeding. Except as provided in this Section 6.06, nothing in this Agreement is intended, or shall
be construed, to limit the ability of the Second Priority Agent or the Second Priority Secured Parties to vote on any plan of reorganization that maintains the lien subordination provisions of this Agreement or of either the First Priority Secured
Party or Second Priority Secured Parties, to contest any plan of reorganization that does not maintain the lien subordination provisions of this Agreement. 
 ARTICLE VII 
 Other Agreements 
 SECTION 7.01. Matters Relating to Debt Documents. (a) As to that portion of the Second Priority Collateral secured by Second Priority
Mortgages as specified in Schedule 1, the First Priority Agent and the Second Priority Agent shall execute and record in the appropriate filing office a notice of subordination containing the following language (or language to similar effect):

 “Reference is made to the Intercreditor Agreement dated as of April 10, 2008 (as amended, supplemented, restated
or otherwise modified from time to time, the “Intercreditor Agreement”), among the Borrowers, the Company, the Subsidiaries of the Company from time to time party thereto, Citibank, N.A., as First Priority Agent (as defined
therein), and Wells Fargo Bank, National Association, as Second Priority Agent (as defined therein). Notwithstanding anything herein to the contrary, the lien and security interest granted to the Collateral Agent, for the benefit of the Secured
Parties, pursuant to this Agreement and the exercise of any right or remedy by the Collateral Agent and the other Secured Parties hereunder are subject to the provisions of the Intercreditor Agreement. In the event of any conflict or inconsistency
between the provisions of the Intercreditor Agreement and the provisions of this Agreement, Article 12 of the Second Priority Debt Agreement, the Notes or the provisions of the Second Priority Security Documents, the provisions of the Intercreditor
Agreement shall control.” 
  

 INTERCREDITOR AGREEMENT – Page 20 

 (b) Each of the Borrowers, the Company and the Second Priority Agent agree that (i) should the
Second Priority Debt Agreement be amended or supplemented pursuant to Section 9.02 thereof, the Borrowers and the Company agree to use their commercially reasonable efforts to ensure that such an amendment or supplement contains a legend with
language comparable to that contained in Section 7.01(a) above, and (ii) should any of the Second Priority Security Documents be amended, restated or otherwise modified or should any of the Borrowers execute and deliver to the Second
Priority Agent any other Second Priority Security Document, the same shall contain a legend with language comparable to that contained in Section 7.01(a) above. 
 SECTION 7.02. Effect of Refinancing of Indebtedness under First Priority Debt Documents. If, substantially contemporaneously with the Discharge of First Priority Claims, the Grantors Refinance
Indebtedness outstanding under the First Priority Debt Documents and provided that (a) such Refinancing is permitted hereby and (b) the Borrowers give to the Second Priority Agent written notice (the “Refinancing
Notice”) electing the application of the provisions of this Section 7.02 to such Refinancing Indebtedness, then (i) such Discharge of First Priority Claims shall automatically be deemed not to have occurred for all purposes of
this Agreement, (ii) such Refinancing Indebtedness and all other obligations under the documents evidencing such Indebtedness (the “New First Priority Claims”) shall automatically be treated as First Priority Claims for
all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth herein, (iii) the Debt Agreement and the other documents evidencing such Refinancing Indebtedness (the “New
First Priority Debt Documents”) shall automatically be treated as the First Priority Debt Agreement and the First Priority Debt Documents and, in the case of New First Priority Debt Documents that are security documents pursuant to
which any Grantor has granted a Lien to secure any New First Priority Claim, as the First Priority Security Documents for all purposes of this Agreement, (iv) the collateral agent under the New First Priority Debt Documents (the “New
First Priority Agent”) shall be deemed to be the First Priority Agent for all purposes of this Agreement and (v) the lenders under the New First Priority Debt Documents shall be deemed to be the First Priority Creditor for all
purposes of this Agreement. Upon receipt of a Refinancing Notice, which notice shall include the identity of the New First Priority Agent, the Second Priority Agent shall promptly enter into such documents and agreements (including amendments or
supplements to this Agreement) as the Borrowers or such New First Priority Agent may reasonably request in order to provide to the New First Priority Agent the rights and powers contemplated hereby, in each case consistent in all material respects
with the terms of this Agreement. The Borrowers shall cause the agreement, document or instrument pursuant to which the New First Priority Agent is appointed to provide that the New First Priority Agent agrees to be bound by the terms of this
Agreement. In furtherance of Section 2.03, if the New First Priority Claims are secured by assets of the Grantors that do not also secure the Second Priority Claims, the applicable Grantors shall promptly grant a Second Priority Lien on such
assets to secure the Second Priority Claims. 
 SECTION 7.03. No Waiver by First Priority Secured Party. Other than with
respect to the Second Priority Permitted Actions, nothing contained herein shall prohibit or in any way limit the First Priority Agent or any other First Priority Secured Party from opposing, challenging or objecting to, in any Insolvency or
Liquidation Proceeding or otherwise, any action taken, or any claim made, by the Second Priority Agent or any other Second Priority Secured 

  

 INTERCREDITOR AGREEMENT – Page 21 

 
Party, including any request by the Second Priority Agent or any other Second Priority Secured Party for adequate protection or any exercise by the Second
Priority Agent or any other Second Priority Secured Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise. Reinstatement. If, in any Insolvency or Liquidation Proceeding or otherwise, all or part
of any payment with respect to the First Priority Claims previously made shall be rescinded for any reason whatsoever, then the First Priority Claims shall be reinstated to the extent of the amount so rescinded and, if theretofore terminated, this
Agreement shall be reinstated in full force and effect and such prior termination shall not diminish, release, discharge, impair or otherwise affect the Lien priorities and the relative rights and obligations of the First Priority Secured Party and
the Second Priority Secured Parties provided for herein. 
 SECTION 7.05. Authorization of Collateral Agents. By accepting the
benefits of this Agreement and the other First Priority Security Documents, each First Priority Secured Party hereby authorizes the First Priority Agent to enter into this Agreement and to act on its behalf as collateral agent hereunder and in
connection herewith. By accepting the benefits of this Agreement and the other Second Priority Security Documents, each Second Priority Secured Party hereby authorizes the Second Priority Agent to enter into this Agreement and to act on its behalf
as collateral agent hereunder and in connection herewith. 
 SECTION 7.06. Further Assurances. Each of the First Priority
Agent, for itself and on behalf of the other First Priority Secured Party, and the Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, and each Grantor party hereto, for itself and on behalf of its
subsidiaries, agrees that it will execute, or will cause to be executed, any and all further documents, agreements and instruments, and take all such further actions, as may be required under any applicable law, or which the First Priority Agent or
the Second Priority Agent may reasonably request, to effectuate the terms of this Agreement, including the relative Lien priorities provided for herein. 
 ARTICLE VIII 
 Representations and Warranties 
 SECTION 8.01. Representations and Warranties of Each Party. Each party hereto represents and warrants to the other parties hereto as
follows: 
 (a) Such party is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and
has all requisite power and authority to execute and deliver this Agreement and perform its obligations hereunder. 
 (b) This Agreement has
been duly executed and delivered by such party and constitutes a legal, valid and binding obligation of such party, enforceable in accordance with its terms except as such enforcement may be limited by bankruptcy, insolvency, moratorium, fraudulent
transfer, fraudulent conveyance or similar laws of general application relating to the enforcement of creditors’ rights. 
 (c) The
execution, delivery and performance by such party of this Agreement (i) do not require any consent or approval of, registration or filing with or any other action by 

  

 INTERCREDITOR AGREEMENT – Page 22 

 
any governmental authority (except as contemplated hereby) and (ii) will not violate any provision of law, statute, rule or regulation, or of the
certificate or articles of incorporation or other constitutive documents or by-laws of such party or any order of any governmental authority or any provision of any indenture, agreement or other instrument applicable to or binding upon such party.

 SECTION 8.02. Representations and Warranties of Each Collateral Agent. Each Collateral Agent represents and warrants to the
other parties hereto that it has been authorized by the Secured Parties under and as defined in the First Priority Debt Agreement or the Second Priority Security Agreement, as applicable, to enter into this Agreement. 
 ARTICLE IX 
 No Reliance; No
Liability; Obligations Absolute 
 SECTION 9.01. No Reliance; Information. The First Priority Secured Party and the
Second Priority Secured Parties shall have no duty to disclose to any Second Priority Secured Party or to any First Priority Secured Party, respectively, any information relating to the Company, any New Parent or any of the Grantors, or any other
circumstance bearing upon the risk of nonpayment of any of the First Priority Claims or the Second Priority Claims, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Secured
Party or any Second Priority Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Secured Party or any First Priority Secured Party, it shall be
under no obligation (i) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided,
(ii) to provide any additional information or to provide any such information on any subsequent occasion or (iii) to undertake any investigation. 
 SECTION 9.02. No Warranties or Liability. The First Priority Agent, for itself and on behalf of the other First Priority Secured Party, acknowledges and agrees that, except for the representations and
warranties set forth in Article VIII, neither the Second Priority Agent nor any other Second Priority Secured Party has made any express or implied representation or warranty, including with respect to the execution, validity, legality,
completeness, collectibility or enforceability of any of the Second Priority Debt Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon. The Second Priority Agent, for itself and on behalf of the other Second
Priority Secured Parties, acknowledges and agrees that, except for the representations and warranties set forth in Article VIII, neither the First Priority Agent nor any other First Priority Secured Party has made any express or implied
representation or warranty, including with respect to the execution, validity, legality, completeness, collectibility or enforceability of any of the First Priority Debt Documents, the ownership of any Collateral or the perfection or priority of any
Liens thereon. 
 (b) The Second Priority Agent and the other Second Priority Secured Parties shall have no express or implied duty to the
First Priority Agent or any other First Priority Secured Party, and the First Priority Agent and the other First Priority Secured Party shall have no express or implied duty to the Second Priority Agent or any other Second Priority Secured 

  

 INTERCREDITOR AGREEMENT – Page 23 

 
Party, to act or refrain from acting in a manner which allows, or results in, the occurrence or continuance of a default or an event of default under any
First Priority Debt Document and any Second Priority Debt Document (other than, in each case, this Agreement), regardless of any knowledge thereof which they may have or be charged with. 
 (c) The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, agrees no First Priority Secured Party shall have
any liability to the Second Priority Agent or any other Second Priority Secured Party, and hereby waives any claim against any First Priority Secured Party, arising out of any and all actions which the First Priority Agent or the other First
Priority Secured Party may take or permit or omit to take with respect to (i) the First Priority Debt Documents (other than this Agreement), (ii) the collection of the First Priority Claims or (iii) the maintenance of, the
preservation of, the foreclosure upon or the Disposition of any Collateral. 
 SECTION 9.03. Obligations Absolute. The Lien
priorities provided for herein and the respective rights, interests, agreements and obligations hereunder of the First Priority Agent and the other First Priority Secured Party and the Second Priority Agent and the other Second Priority Secured
Parties shall remain in full force and effect irrespective of: 
 (a) any lack of validity or enforceability of any Debt Document; 

(b) any change in the time, place or manner of payment of, or in any other term of (including, subject to the limitations set forth in
Section 7.02, the Refinancing of), all or any portion of the First Priority Claims, it being specifically acknowledged that a portion of the First Priority Claims consists or may consist of Indebtedness that is revolving in nature, and the
amount thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed; 
 (c) any
change in the time, place or manner of payment of, or, subject to the limitations set forth in Section 7.02, in any other term of, all or any portion of the First Priority Claims; 
 (d) any amendment, waiver or other modification, whether by course of conduct or otherwise, of any Debt Document; 
 (e) the securing of any First Priority Claims or Second Priority Claims with any additional collateral or guarantees, or any exchange, release, voiding,
avoidance or non perfection of any security interest in any Collateral or any other collateral or any release of any guarantee securing any First Priority Claims or Second Priority Claims; 
 (f) the commencement of any Insolvency or Liquidation Proceeding or Liquidation Sale in respect of the Company, any New Parent or any other Grantor; or

 (g) any other circumstances that otherwise might constitute a defense available to, or a discharge of, the Company, any New Parent or any
other Grantor in respect of the First Priority Claims or this Agreement, or any of the Second Priority Secured Parties in respect of this Agreement. 
  

 INTERCREDITOR AGREEMENT – Page 24 

 ARTICLE X 
 Miscellaneous 
 SECTION 10.01. Notices. Notices and other communications
provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by fax, as follows: 
 (a) if to the Borrowers, the Company, any New Parent or any other Grantor, to it, at P.O. Box 250, Alice, Texas 78333, Attention: Chief Financial Officer, Fax No. ((713) 481-8344); 
 (b) if to the First Priority Agent, to Citibank, N.A., 2000 West Sam Houston Pkwy S, 6th Floor, Houston, Texas 77042, Attention: John Stam (Fax No.
(713) 954-2053); and 
 (c) if to the Second Priority Agent, to Wells Fargo Bank, National Association, Corporate Trust Services, 213
Court Street, Suite 703, Middletown, Connecticut 06457, Attention: Corporate Trust Services – Relationship Manager (Fax No.: (860) 704-6219). 
 All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt if delivered by hand or overnight courier
service or sent by fax or on the date five Business Days after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 10.01 or in accordance with
the latest unrevoked direction from such party given in accordance with this Section 10.01. As agreed to between the Company, any New Parent and any Collateral Agent from time to time, notices and other communications may also be delivered by
e-mail to the e-mail address of a representative of the applicable Person provided from time to time by such Person. 
 The First Priority
Lender and the Second Priority Agent agree to use diligent efforts to provide each other with copies of any notices of default or acceleration or similar notices which they give to the Borrower under the First Priority Debt Documents and Second
Priority Debt Documents respectively; provided, however, that in the event that either of such parties fails to provide the other with such notice, such failure shall not affect their respective obligations hereunder or the effectiveness of any such
notice. 
 SECTION 10.02. Conflicts. IN THE EVENT OF ANY CONFLICT OR INCONSISTENCY BETWEEN THE PROVISIONS OF THIS AGREEMENT,
THE PROVISIONS OF THE FIRST PRIORITY DEBT DOCUMENTS, THE PROVISIONS OF THE FIRST PRIORITY SECURITY DOCUMENTS, ARTICLE 12 OF THE SECOND PRIORITY DEBT AGREEMENT, THE NOTES OR THE PROVISIONS OF THE SECOND PRIORITY SECURITY DOCUMENTS, THE PROVISIONS OF
THIS AGREEMENT SHALL CONTROL. 
 SECTION 10.03. Effectiveness; Survival; Termination. This Agreement shall become effective
when executed and delivered by the parties hereto. All covenants, agreements, representations and warranties made by any party in this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution
and delivery of this Agreement. The terms of this Agreement shall survive, and shall continue in full force and 

  

 INTERCREDITOR AGREEMENT – Page 25 

 
effect, in any Insolvency or Liquidation Proceeding. The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, hereby
waives any and all rights the Second Priority Secured Parties may now or hereafter have under applicable law to revoke this Agreement or any of the provisions of this Agreement. This Agreement shall terminate and be of no further force and effect,
(i) subject to compliance with its obligations to take certain actions upon Discharge of the Second Priority Claims pursuant to Article V and Section 3.01(d), with respect to the Second Priority Agent, the Second Priority Secured Parties
and the Second Priority Claims, upon the later of (1) the date upon which the obligations under the Second Priority Debt Agreement terminate if there are no other Second Priority Claims outstanding on such date and (2) if there are other
Second Priority Claims outstanding on such date, the date upon which such Second Priority Claims terminate and (ii) subject to Section 7.02 and compliance with its obligations to take certain actions upon Discharge of the First Priority
Claims pursuant to Article V, with respect to the First Priority Agent, the First Priority Secured Party and the First Priority Claims, the date of Discharge of First Priority Claims, subject to the rights of the First Priority Secured Party under
Section 7.04. 
 SECTION 10.04. Severability. In the event any one or more of the provisions contained in this Agreement
should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby (it being understood that the invalidity of
a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. Amendments; Waivers. No failure or delay on the part of any party hereto in
exercising any power or right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or
further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this
Agreement or consent to any departure by any party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 10.05, and then such waiver or consent shall be effective only in the specific
instance and for the purpose for which given. Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the First Priority Agent and the Second
Priority Agent; provided that no such agreement shall amend, modify or otherwise affect the rights or obligations of any Grantor without such Person’s prior written consent. 
 SECTION 10.06. Postponement of Subrogation. The Second Priority Agent agrees that no payment or distribution to any First Priority Secured
Party pursuant to the provisions of this Agreement shall entitle any Second Priority Secured Party to exercise any rights of subrogation in respect thereof until the Discharge of First Priority Claims shall have occurred. Following the Discharge of
First Priority Claims, each First Priority Secured Party agrees to execute such documents, agreements, and instruments as any Second Priority Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an
interest in the First Priority Claims resulting from payments or distributions to such First Priority Secured Party by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection
therewith by such First Priority Secured Party are paid by such Person upon request for payment thereof. 
  

 INTERCREDITOR AGREEMENT – Page 26 

 SECTION 10.07. Applicable Law; Jurisdiction; Consent to Service of Process. THIS AGREEMENT
SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 (a) Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the non-exclusive jurisdiction of any Supreme Court
for New York County, New York or in The United States District Court for the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or
enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined only in such New York court or, to the extent permitted
by law, in such Federal court. Each party 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. 

(b) Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which
it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any New York court or in any such Federal court. Each party hereto hereby irrevocably waives, to the fullest extent
permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 (c) Each party
to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 10.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by
law. 
 SECTION 10.08. Waiver of Jury Trial. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER
PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS
AGREEMENT, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.08. 
 SECTION 10.09. Parties in
Interest. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, as well as the other First Priority Secured Party and Second Priority Secured
Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement. No other Person shall have or be entitled to assert rights or benefits hereunder. 
  

 INTERCREDITOR AGREEMENT – Page 27 

 SECTION 10.10. Specific Performance. Each Collateral Agent may demand specific performance
of this Agreement and, on behalf of itself and the respective other Secured Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific
performance in any action which may be brought by the respective Secured Parties. 
 SECTION 10.11. Headings. Article and
Section headings used herein and the Table of Contents hereto are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.

 SECTION 10.12. Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as provided in Section 10.03. Delivery of an executed signature page to this Agreement
by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 
 SECTION 10.13.
Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the First Priority Secured Party, on the one hand, and the Second Priority
Secured Parties, on the other hand. None of the Borrowers, the Company, any New Parent, any other Grantor, any Guarantor or any other creditor thereof shall have any rights or obligations hereunder, except as expressly provided in this Agreement and
none of the Borrowers, the Company, any New Parent, any other Grantor or any Guarantor may rely on the terms hereof. Nothing in this Agreement is intended to or shall impair the obligations of the Borrowers, the Company, any New Parent or any other
Grantor or any Guarantor, which are absolute and unconditional, to pay the First Priority Claims and the Second Priority Claims as and when the same shall become due and payable in accordance with their terms. 
 (Signatures appear on following pages) 
  

 INTERCREDITOR AGREEMENT – Page 28 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective
authorized officers or other representatives as of the day and year first above written. 
  

			
	BORROWERS:
	
	TX ENERGY SERVICES, LLC
		
	By:	 	  

		 	John E. Crisp, President, Chief Executive Officer and Secretary
	
	 C.C. FORBES, LLC

		
	By:	 	  

		 	John E. Crisp, Executive Vice President and Chief Operating Officer
	
	 SUPERIOR TUBING TESTERS, LLC

		
	By:	 	  

		 	John E. Crisp, Executive Vice President
	
	COMPANY:
	
	FORBES ENERGY SERVICES LLC
		
	By:	 	  

		 	John E. Crisp, President and Chief Executive Officer

 (Signatures continue on following pages) 
  

 INTERCREDITOR AGREEMENT – SIGNATURE PAGE 

			
	GUARANTORS:
	
	FORBES ENERGY CAPITAL INC.
		
	 By:
	 	  

		 	John E. Crisp, President and Chief Executive Officer

 (Signatures continue on following pages) 
  

 INTERCREDITOR AGREEMENT – SIGNATURE PAGE 

			
	FIRST PRIORITY AGENT:
	
	 CITIBANK, N.A.,
 as First Priority
Agent

		
	By:	 	  

		 	John W. Stam
		 	Vice President

 (Signatures continue on following page) 
  

 INTERCREDITOR AGREEMENT – SIGNATURE PAGE 

			
	SECOND PRIORITY AGENT
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as
Second Priority Agent

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 INTERCREDITOR AGREEMENT – SIGNATURE PAGE 

 Schedule 1 
 UCC-1 Filings 
  

					
	 Debtor
	  	 Jurisdiction
	  	 File Number

	TX Energy Services, LLC	  	Delaware	  	File No. 2008-0535391 filed on 2/13/2008 with the Delaware Department of State U.C.C. Filing Section
			
	C.C. Forbes, LLC	  	Delaware	  	File No. 2008-0535458 filed on 2/13/2008 with the Delaware Department of State U.C.C. Filing Section
			
	Superior Tubing Testers, LLC	  	Delaware	  	File No. 2008-0535466 filed on 2/13/2008 with the Delaware Department of State U.C.C. Filing Section
			
	Forbes Energy Services LLC	  	Delaware	  	File No. 2008-0535474 filed on 2/13/2008 with the Delaware Department of State U.C.C. Filing Section

 Mortgage Filings 
  

							
	 Owner
	  	 Current Record Owner
	  	 Property Location
	  	 Recording Number

	C.C. Forbes, LLC	  	C.C. Forbes, L.P.	  	4783 Business Hwy 281 South Alice, TX Jim Wells County, TX	  	Volume 1022, at page 634 of the Deed Records of Jim Wells County, Texas
				
	C.C. Forbes, LLC	  	C.C. Forbes Company, L.P.	  	 801 FM 3169 San Ygnacio, TX
 Zapata County,
TX
	  	Volume 814, at page 188 of the Deed Records of Zapata County, Texas

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]