Document:

EX-10.2

 Exhibit 10.2 
 $735,000,000 
 ALLIANCE ONE INTERNATIONAL, INC. 

9.875% Senior Secured Second Lien Notes due 2021 
 REGISTRATION RIGHTS AGREEMENT 
 August 1, 2013 

Deutsche Bank Securities Inc. 
 60 Wall Street

 New York, New York 10005 
 Dear
Sirs: 
 Alliance One International, Inc., a Virginia corporation (the “Issuer”), proposes to issue and sell to
Deutsche Bank Securities Inc. as Representative of the initial purchasers set forth on Schedule A of the Purchase Agreement (as defined below) (collectively, the “Initial Purchasers”), upon the terms set forth in a purchase agreement of
even date herewith (the “Purchase Agreement”), $735,000,000 aggregate principal amount of its 9.875% senior secured second lien notes due 2021 (the “Initial Securities”) to be unconditionally guaranteed by the creation or
acquisition of a Material Domestic Subsidiary (as defined in the Indenture) after the date of the Indenture (the “Guarantors” and together with the Issuer, the “Company”). The Initial Securities will be issued pursuant to an
Indenture, dated as of August 1, 2013 (the “Indenture”) between the Company, Law Debenture Trust Company of New York (the “Trustee”) and Deutsche Bank Trust Company Americas, as registrar and paying agent. As an inducement
to the Initial Purchasers, the Company agrees with the Initial Purchasers, for the benefit of the holders of the Initial Securities (including, without limitation, the Initial Purchasers), the Exchange Securities (as defined below) and the Private
Exchange Securities (as defined below) (collectively the “Holders”), as follows: 
 1. Registered Exchange
Offer. The Company shall use its commercially reasonable efforts, at its own cost, to prepare and, not later than 180 days after (or if the 180th day is not a business day, the first business day thereafter) the date of original issue of
the Initial Securities (the “Issue Date”), file with the Securities and Exchange Commission (the “Commission”) a registration statement (the “Exchange Offer Registration Statement”) on an appropriate form under the
Securities Act of 1933, as amended (the “Securities Act”), with respect to a proposed offer (the “Registered Exchange Offer”) to the Holders of Entitled Securities (as defined in Section 6 hereof), who are not prohibited by
any law or policy of the Commission from participating in the Registered Exchange Offer, to issue and deliver to such Holders, in exchange for the Initial Securities, a like aggregate principal amount of debt securities (the “Exchange
Securities”) of the Issuer issued under the Indenture and identical in all material respects to the Initial Securities (except for the transfer restrictions relating to the Initial Securities and the provisions relating to the matters described
in Section 6 hereof) that would be registered under the Securities Act. The Company shall use its commercially reasonable efforts to have such Exchange Offer Registration Statement declared effective by the Commission on or prior to 270 days
(or if the 270th day is not a business day, the first business day thereafter) after the Issue Date of the Initial Securities (the “Effectiveness Target Date”). 
 Unless the Registered Exchange Offer would not be permitted by applicable law or Commission policy, the Company will (a) commence the Registered Exchange Offer; and (b) use all commercially
reasonable efforts to issue on or prior to 30 business days, or longer, if required by applicable securities laws, after the date on which the Exchange Offer Registration Statement was declared effective by the Commission, exchange notes in exchange
for all notes validly tendered and not withdrawn thereto in the Registered Exchange Offer. 

 The Company acknowledges that, pursuant to current interpretations by the Commission’s
staff of Section 5 of the Securities Act, in the absence of an applicable exemption therefrom, (i) each Holder which is a broker-dealer electing to exchange Securities, acquired for its own account as a result of market making activities
or other trading activities, for Exchange Securities (an “Exchanging Dealer”), is required to deliver a prospectus containing the information set forth in (a) Annex A hereto on the cover, (b) Annex B hereto in the “Exchange
Offer Procedures” section and the “Purpose of the Exchange Offer” section, and (c) Annex C hereto in the “Plan of Distribution” section of such prospectus in connection with a sale of any such Exchange Securities
received by such Exchanging Dealer pursuant to the Registered Exchange Offer and (ii) an Initial Purchaser that elects to sell Exchange Securities acquired in exchange for Securities constituting any portion of an unsold allotment is required
to deliver a prospectus containing the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in connection with such sale. 
 The Company shall use its commercially reasonable efforts to keep the Exchange Offer Registration Statement effective and to amend and supplement the prospectus contained therein, in order to permit such
prospectus to be lawfully delivered by all persons subject to the prospectus delivery requirements of the Securities Act for such period of time as such persons must comply with such requirements in order to resell the Exchange Securities;
provided, however, that (i) in the case where such prospectus and any amendment or supplement thereto must be delivered by an Exchanging Dealer or an Initial Purchaser, such period shall be the lesser of 180 days and the date on which
all Exchanging Dealers and the Initial Purchasers have sold all Exchange Securities held by them (unless such period is extended pursuant to Section 3(j) below) and (ii) the Company shall make such prospectus and any amendment or
supplement thereto, available to any broker-dealer for use in connection with any resale of any Exchange Securities for a period of not less than 90 days after the consummation of the Registered Exchange Offer. 

If, upon consummation of the Registered Exchange Offer, any Initial Purchaser holds Initial Securities acquired by it as part of its
initial distribution, the Issuer, simultaneously with the delivery of the Exchange Securities pursuant to the Registered Exchange Offer, shall issue and deliver to such Initial Purchaser upon the written request of such Initial Purchaser, in
exchange (the “Private Exchange”) for the Initial Securities held by such Initial Purchaser, a like principal amount of debt securities of the Issuer issued under the Indenture and identical in all material respects (including the
existence of restrictions on transfer under the Securities Act and the securities laws of the several states of the United States, but excluding provisions relating to the matters described in Section 6 hereof) to the Initial Securities (the
“Private Exchange Securities”). The Initial Securities, the Exchange Securities and the Private Exchange Securities are herein collectively called the “Securities”. 

In connection with the Registered Exchange Offer, the Issuer shall: 

(a) mail to each Holder a copy of the prospectus forming part of the Exchange Offer Registration Statement, together
with an appropriate letter of transmittal and related documents; 
 (b) keep the Registered Exchange Offer
open for not less than 30 days (or longer, if required by applicable law) after the date notice thereof is mailed to the Holders; 
 (c) utilize the services of a depositary for the Registered Exchange Offer with an address in the Borough of Manhattan, The City of New York, which may be the Trustee or an affiliate of the Trustee;

 (d) permit Holders to withdraw tendered Securities at any time prior to the close of business, New York
time, on the last business day on which the Registered Exchange Offer shall remain open; and 

(e) otherwise comply with all applicable laws. 

  
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 As soon as practicable after the close of the Registered Exchange Offer or the Private
Exchange, as the case may be, the Issuer shall: 
 (x) accept for exchange all the Securities validly
tendered and not withdrawn pursuant to the Registered Exchange Offer and the Private Exchange; 

(y) deliver to the Trustee for cancellation all the Initial Securities so accepted for exchange; and 

(z) cause the Trustee to authenticate and deliver promptly to each Holder of the Initial Securities, Exchange
Securities or Private Exchange Securities, as the case may be, equal in principal amount to the Initial Securities of such Holder so accepted for exchange. 
 The Indenture will provide that the Exchange Securities will not be subject to the transfer restrictions set forth in the Indenture and that all the Securities will vote and consent together on all
matters as one class and that none of the Securities will have the right to vote or consent as a class separate from one another on any matter. 
 Interest on each Exchange Security and Private Exchange Security issued pursuant to the Registered Exchange Offer and in the Private Exchange will accrue from the last interest payment date on which
interest was paid on the Initial Securities surrendered in exchange therefor or, if no interest has been paid on the Initial Securities, from the date of original issue of the Initial Securities. 

Each Holder participating in the Registered Exchange Offer shall be required to represent to the Issuer that at the time of the
consummation of the Registered Exchange Offer (i) any Exchange Securities received by such Holder will be acquired in the ordinary course of business, (ii) such Holder will have no arrangements or understanding with any person to
participate in the distribution of the Securities or the Exchange Securities within the meaning of the Securities Act, (iii) such Holder is not an “affiliate,” as defined in Rule 405 of the Securities Act, of the Company, or if it is
an affiliate, such Holder will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable, (iv) if such Holder is not a broker-dealer, that it is not engaged in, and does not intend to
engage in, the distribution of the Exchange Securities and (v) if such Holder is a broker-dealer, that it will receive Exchange Securities for its own account in exchange for Initial Securities that were acquired as a result of market-making
activities or other trading activities and that it will be required to acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. 
 Notwithstanding any other provisions hereof, the Company will ensure that (i) any Exchange Offer Registration Statement and any amendment thereto and any prospectus forming part thereof and any
supplement thereto complies in all material respects with the Securities Act and the rules and regulations thereunder, (ii) any Exchange Offer Registration Statement and any amendment thereto does not, when it becomes effective, contain an
untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading and (iii) any prospectus forming part of any Exchange Offer Registration Statement,
and any supplement to such prospectus, does not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading. 

  
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 2. Shelf Registration. If, (i) the Company is not
permitted to consummate the Registered Exchange Offer because the Registered Exchange Offer is not permitted by applicable law or Commission policy; or (ii) any holder of the Entitled Securities notifies the Company prior to the 20th business day following consummation of the Registered Exchange Offer
that: (a) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (b) it may not resell the exchange notes acquired by it in the Registered Exchange Offer to the public without delivering a
prospectus (other than by reason of such holder’s status as an affiliate of the Company) and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales; or (c) it is a
broker-dealer and owns notes acquired directly from the Company or an affiliate of the Company then the Company shall take the following actions: 
 (a) The Company shall, at its own cost, use its commercially reasonable efforts to file with the Commission (the “Shelf Registration Statement” and, together with the Exchange Offer
Registration Statement, a “Registration Statement”) and to cause the Shelf Registration Statement to be declared effective by the Commission on or prior to 90 days after such obligation arises pursuant to this Section 2 (the
“Shelf Effectiveness Target Date”). The Shelf Registration Statement shall be filed on an appropriate form under the Securities Act relating to the offer and sale of the Entitled Securities (as defined in Section 6 hereof) by the
Holders thereof from time to time in accordance with the methods of distribution set forth in the Shelf Registration Statement and Rule 415 under the Securities Act (hereinafter, the “Shelf Registration”); provided, however, that no
Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all the provisions of this Agreement applicable to such
Holder and provided, further, that with respect to Exchange Securities received by an Initial Purchaser in exchange for Securities constituting any portion of an unsold allotment, the Company may, if permitted by current interpretations by
the Commission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K, as applicable, in satisfaction of its obligations under this
subsection, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. 

(b) The Company shall use its commercially reasonable efforts to keep the Shelf Registration Statement continuously
effective in order to permit the prospectus included therein to be lawfully delivered by the Holders of the relevant Securities, for a period of two years (or for such longer period if extended pursuant to Section 3(j) below) from the Issue
Date or such shorter period that will terminate when all the Securities covered by the Shelf Registration Statement have been sold pursuant thereto. The Company shall be deemed not to have used its commercially reasonable efforts to keep the Shelf
Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Securities covered thereby not being able to offer and sell such Securities during that period, unless such action is
required by applicable law. 
 (c) Notwithstanding any other provisions of this Agreement to the contrary,
the Company shall cause the Shelf Registration Statement and the related prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement, amendment or supplement, (i) to comply in all material
respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission and (ii) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. 

3. Registration Procedures. In connection with any Shelf Registration contemplated by Section 2 hereof and, to the
extent applicable, any Registered Exchange Offer contemplated by Section 1 hereof, the following provisions shall apply: 
 (a) The Company shall (i) furnish to each Initial Purchaser, prior to the filing thereof with the Commission, a copy of the Registration Statement and each amendment thereof and each supplement,
if any, to the prospectus included therein and, in the event that an Initial Purchaser (with respect to any portion of an unsold allotment from the original offering) is participating in the Registered Exchange Offer or the Shelf Registration
Statement, the Company shall use its commercially reasonable efforts to reflect in each such document, when so filed with the Commission, such comments as such Initial Purchaser reasonably may propose; (ii) include the information set forth in
Annex A hereto on the cover, in Annex B hereto in the “Exchange Offer Procedures” section and the “Purpose of the Exchange Offer” section and in Annex C hereto in the “Plan of Distribution” section of the prospectus
forming a part of the Exchange Offer Registration Statement and include the information set forth in Annex D hereto in the Letter of Transmittal delivered pursuant to the Registered Exchange Offer; (iii) if requested by an Initial Purchaser,
include the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as 

  
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applicable, in the prospectus forming a part of the Exchange Offer Registration Statement; (iv) include within the prospectus contained in the Exchange Offer Registration Statement a section
entitled “Plan of Distribution,” reasonably acceptable to the Initial Purchasers, which shall contain a summary statement of the positions taken or policies made by the staff of the Commission with respect to the potential
“underwriter” status of any broker-dealer that is the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of Exchange Securities received by such broker-dealer in
the Registered Exchange Offer (a “Participating Broker-Dealer”), whether such positions or policies have been publicly disseminated by the staff of the Commission or such positions or policies, in the reasonable judgment of the Initial
Purchasers based upon advice of counsel (which may be in-house counsel), represent the prevailing views of the staff of the Commission; and (v) in the case of a Shelf Registration Statement, include in the prospectus included in the Shelf
Registration Statement (or, if permitted by Commission Rule 430B(b), in a prospectus supplement that becomes a part thereof pursuant to Commission Rule 430B(f)) that is delivered to any Holder pursuant to Section 3(d) and (f),
the names of the Holders, who propose to sell Securities pursuant to the Shelf Registration Statement, as selling securityholders. 
 (b) The Company shall give written notice to the Initial Purchasers, the Holders of the Securities and any Participating Broker-Dealer from whom the Company has received prior written notice that it
will be a Participating Broker-Dealer in the Registered Exchange Offer (which notice pursuant to clauses (ii)-(v) hereof shall be accompanied by an instruction to suspend the use of the prospectus until the requisite changes have been made):

 (i) when the Registration Statement or any amendment thereto has been filed with the Commission and when
the Registration Statement or any post-effective amendment thereto has become effective; 
 (ii) of any
request by the Commission for amendments or supplements to the Registration Statement or the prospectus included therein or for additional information; 
 (iii) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose, of the issuance by the
Commission of a notification of objection to the use of the form on which the Registration Statement has been filed, and of the happening of any event that causes the Issuer to become an “ineligible issuer,” as defined in Commission
Rule 405. 
 (iv) of the receipt by the Company or its legal counsel of any notification with respect
to the suspension of the qualification of the Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and 
 (v) of the happening of any event that requires the Company to make changes in the Registration Statement or the prospectus in order that the Registration Statement or the prospectus do not contain
an untrue statement of a material fact nor omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of the prospectus, in light of the circumstances under which they were made) not
misleading. 
 (c) The Company shall make every commercially reasonable effort to obtain the withdrawal at
the earliest possible time, of any order suspending the effectiveness of the Registration Statement. 

(d) The Company shall furnish to each Holder of Securities included within the coverage of the Shelf Registration,
without charge, at least one copy of the Shelf Registration Statement and any post-effective amendment or supplement thereto, including financial statements and schedules, and, if the Holder so requests in writing, all exhibits thereto (including
those, if any, incorporated by reference). The Company shall not, without the prior consent of the Initial Purchasers, make any offer relating to the Securities that would constitute a “free writing prospectus,” as defined in Commission
Rule 405. 

  
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 (e) The Company shall deliver to each Exchanging Dealer and each
Initial Purchaser, and to any other Holder who so requests, without charge, at least one copy of the Exchange Offer Registration Statement and any post-effective amendment thereto, including financial statements and schedules, and, if any Initial
Purchaser or any such Holder requests, all exhibits thereto (including those incorporated by reference). 

(f) The Company shall, during the Shelf Registration Period, deliver to each Holder of Securities included within the
coverage of the Shelf Registration, without charge, as many copies of the prospectus (including each preliminary prospectus) included in the Shelf Registration Statement and any amendment or supplement thereto as such person may reasonably request.
The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by each of the selling Holders of the Securities in connection with the offering and sale of the Securities
covered by the prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement. 

(g) The Company shall deliver to each Initial Purchaser, any Exchanging Dealer, any Participating Broker-Dealer and
such other persons required to deliver a prospectus following the Registered Exchange Offer, without charge, as many copies of the final prospectus included in the Exchange Offer Registration Statement and any amendment or supplement thereto as such
persons may reasonably request. The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by any Initial Purchaser, if necessary, any Participating Broker-Dealer and such
other persons required to deliver a prospectus following the Registered Exchange Offer in connection with the offering and sale of the Exchange Securities covered by the prospectus, or any amendment or supplement thereto, included in such Exchange
Offer Registration Statement. 
 (h) Prior to any public offering of the Securities, pursuant to any
Registration Statement, the Company shall register or qualify or cooperate with the Holders of the Securities included therein and their respective counsel in connection with the registration or qualification of the Securities for offer and sale
under the securities or “blue sky” laws of such states of the United States as any Holder of the Securities reasonably requests in writing and do any and all other acts or things necessary or advisable to enable the offer and sale in such
jurisdictions of the Securities covered by such Registration Statement; provided, however, that the Company shall not be required to (i) qualify generally to do business in any jurisdiction where it is not then so qualified or (ii) take
any action which would subject it to general service of process or to taxation in any jurisdiction where it is not then so subject. 
 (i) The Company shall cooperate with the Holders of the Securities to facilitate the timely preparation and delivery of certificates representing the Securities to be sold pursuant to any
Registration Statement free of any restrictive legends and in such denominations and registered in such names as the Holders may request a reasonable period of time prior to sales of the Securities pursuant to such Registration Statement.

 (j) Upon the occurrence of any event contemplated by paragraphs (ii) through (v) of
Section 3(b) above during the period for which the Company is required to maintain an effective Registration Statement, the Company shall promptly prepare and file a post-effective amendment to the Registration Statement or a supplement to the
related prospectus and any other required document so that, as thereafter delivered to Holders of the Securities or purchasers of Securities, the prospectus will not contain an untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. If the Company notifies the Initial Purchasers, the Holders of the Securities and any known
Participating Broker-Dealer in accordance with paragraphs (ii) through (v) of Section 3(b) above to suspend the use of the 

  
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prospectus until the requisite changes to the prospectus have been made, then the Initial Purchasers, the Holders of the Securities and any such Participating Broker-Dealers shall suspend use of
such prospectus, and the period of effectiveness of the Shelf Registration Statement provided for in Section 2(b) above and the Exchange Offer Registration Statement provided for in Section 1 above shall each be extended by the number of
days from and including the date of the giving of such notice to and including the date when the Initial Purchasers, the Holders of the Securities and any known Participating Broker-Dealer shall have received such amended or supplemented prospectus
pursuant to this Section 3(j). During the period during which the Company is required to maintain an effective Shelf Registration Statement pursuant to this Agreement, the Company will, prior to the
three-year expiration of that Shelf Registration Statement, file and use its commercially reasonable efforts to cause to be declared effective (unless it becomes effective automatically upon filing) within a
period that avoids any interruption in the ability of Holders of Securities covered by the expiring Shelf Registration Statement to make registered dispositions, a new registration statement relating to the Securities, which shall be deemed the
“Shelf Registration Statement” for purposes of this Agreement. 
 (k) Not later than the effective date
of the applicable Registration Statement, the Company will provide a CUSIP number for the Initial Securities, the Exchange Securities or the Private Exchange Securities, as the case may be, and provide the applicable trustee with printed
certificates for the Initial Securities, the Exchange Securities or the Private Exchange Securities, as the case may be, in a form eligible for deposit with The Depository Trust Company. 

(l) The Company will comply with all rules and regulations of the Commission to the extent and so long as they are
applicable to the Registered Exchange Offer or the Shelf Registration and will make generally available to its security holders (or otherwise provide in accordance with Section 11(a) of the Securities Act) an earnings statement satisfying the
provisions of Section 11(a) of the Securities Act, no later than 45 days after the end of a 12-month period (or 90 days, if such period is a fiscal year) beginning with the first month of the Issuer’s first fiscal quarter commencing after
the effective date of the Registration Statement, which statement shall cover such 12-month period. 

(m) The Company shall cause the Indenture to be qualified under the Trust Indenture Act of 1939, as amended, in a
timely manner and containing such changes, if any, as shall be necessary for such qualification. In the event that such qualification would require the appointment of a new trustee under the Indenture, the Company shall appoint a new trustee
thereunder pursuant to the applicable provisions of the Indenture. 
 (n) The Issuer may require each Holder
of Securities to be sold pursuant to the Shelf Registration Statement to furnish to the Issuer such information regarding the Holder and the distribution of the Securities as the Issuer may from time to time reasonably require for inclusion in the
Shelf Registration Statement, and the Issuer may exclude from such registration the Securities of any Holder that unreasonably fails to furnish such information within a reasonable time after receiving such request. 

(o) The Company shall enter into such customary agreements (including, if requested, an underwriting agreement in
customary form) and take all such other action, if any, as any Holder of the Securities shall reasonably request in order to facilitate the disposition of the Securities pursuant to any Shelf Registration. 

(p) In the case of any Shelf Registration, the Company shall (i) make reasonably available for inspection by the
Holders of the Securities, any underwriter participating in any disposition pursuant to the Shelf Registration Statement and any attorney, accountant or other agent retained by the Holders of the Securities or any such underwriter all relevant
financial and other records, pertinent corporate documents and properties of the Company and (ii) cause the Company’s officers, directors, employees, accountants and auditors to supply all relevant information reasonably requested by the
Holders of the Securities or any such underwriter, attorney, accountant or agent in connection with the Shelf Registration Statement, in each 

  
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case, as shall be reasonably necessary to enable such persons, to conduct a reasonable investigation within the meaning of Section 11 of the Securities Act; provided, however, that the
foregoing inspection and information gathering shall be coordinated on behalf of the Initial Purchasers by you and on behalf of the other parties, by one counsel designated by and on behalf of such other parties as described in Section 4
hereof. 
 (q) In the case of any Shelf Registration, the Company, if requested by any Holder of Securities
covered thereby, shall cause (i) its counsel to deliver an opinion and updates thereof relating to the Securities in customary form reasonably satisfactory to the managing underwriters, if any, addressed to such Holders and such managing
underwriters, if any, thereof and dated, in the case of the initial opinion, the effective date of such Shelf Registration Statement; (ii) its officers to execute and deliver all customary documents and certificates and updates thereof
requested by any underwriters of the applicable Securities and (iii) its independent public accountants and the independent public accountants with respect to any other entity for which financial information is provided in the Shelf
Registration Statement to provide to the selling Holders of the applicable Securities and any underwriter therefor a comfort letter in customary form and covering matters of the type customarily covered in comfort letters in connection with primary
underwritten offerings, subject to receipt of appropriate documentation as contemplated, and only if permitted, by Statement of Auditing Standards No. 72. 
 (r) In the case of the Registered Exchange Offer, if requested by any Initial Purchaser or any known Participating Broker-Dealer, the Company shall cause (i) its counsel to deliver to such
Initial Purchaser or such Participating Broker-Dealer a signed opinion in the form set forth in Section 7(c) and (d) of the Purchase Agreement with such changes as are customary in connection with the preparation of a Registration
Statement and (ii) its independent public accountants and the independent public accountants with respect to any other entity for which financial information is provided in the Registration Statement to deliver to such Initial Purchaser or such
Participating Broker-Dealer a comfort letter, in customary form, meeting the requirements as to the substance thereof as set forth in Section 7(a) of the Purchase Agreement, with appropriate date changes. 

(s) If a Registered Exchange Offer or a Private Exchange is to be consummated, upon delivery of the Initial
Securities by Holders to the Company (or to such other Person as directed by the Company) in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be, the Company shall mark, or caused to be marked, on the Initial
Securities so exchanged that such Initial Securities are being canceled in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be; in no event shall the Initial Securities be marked as paid or otherwise
satisfied. 
 (t) The Company will use its commercially reasonable efforts to (a) if the Initial
Securities have been rated prior to the initial sale of such Initial Securities, confirm such ratings will apply to the Securities covered by a Registration Statement, or (b) if the Initial Securities were not previously rated, cause the
Securities covered by a Registration Statement to be rated with the appropriate rating agencies, if so requested by Holders of a majority in aggregate principal amount of Securities covered by such Registration Statement, or by the managing
underwriters, if any. 
 (u) In the event that any broker-dealer registered under the Exchange Act shall
underwrite any Securities or participate as a member of an underwriting syndicate or selling group or “assist in the distribution” (within the meaning of the Conduct Rules (the “Rules”) of the National Association of Securities
Dealers, Inc. (“NASD”)) thereof, whether as a Holder of such Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or otherwise, the Company will assist such broker-dealer in complying with
the requirements of such Rules, including, without limitation, by (i) if such Rules, including Rule 2720, shall so require, engaging a “qualified independent underwriter” (as defined in Rule 2720) to participate in the preparation of
the Registration Statement relating to such Securities, to exercise usual standards of due diligence in respect thereto and, if any portion of the offering contemplated by such Registration Statement is an underwritten offering or is made through a
placement or 

  
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sales agent, to recommend the yield of such Securities, (ii) indemnifying any such qualified independent underwriter to the extent of the indemnification of underwriters provided in
Section 5 hereof and (iii) providing such information to such broker-dealer as may be required in order for such broker-dealer to comply with the requirements of the Rules. 

(v) The Company shall use its commercially reasonable efforts to take all other steps necessary to effect the
registration of the Securities covered by a Registration Statement contemplated hereby. 
 4. Registration Expenses.
The Company shall bear all fees and expenses incurred in connection with the performance of its obligations under Sections 1 through 3 hereof (including the reasonable fees and expenses, if any, of Latham & Watkins LLP , counsel for
the Initial Purchasers, incurred in connection with the Registered Exchange Offer), whether or not the Registered Exchange Offer or a Shelf Registration is filed or becomes effective, and, in the event of a Shelf Registration, shall bear or
reimburse the Holders of the Securities covered thereby for the reasonable fees and disbursements of one firm of counsel designated by the Holders of a majority in principal amount of the Initial Securities covered thereby to act as counsel for the
Holders of the Initial Securities in connection therewith. 
 5. Indemnification. (a) The Company agrees to
indemnify and hold harmless each Holder of the Securities, any Participating Broker-Dealer and each person, if any, who controls such Holder or such Participating Broker-Dealer within the meaning of the Securities Act or the Exchange Act (each
Holder, any Participating Broker-Dealer and such controlling persons are referred to collectively as the “Indemnified Parties”) from and against any losses, claims, damages or liabilities, joint or several, or any actions in respect
thereof (including, but not limited to, any losses, claims, damages, liabilities or actions relating to purchases and sales of the Securities) to which each Indemnified Party may become subject under the Securities Act, the Exchange Act or
otherwise, insofar as such losses, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement or prospectus or in any amendment or
supplement thereto or in any preliminary prospectus or “issuer free writing prospectus,” as defined in Commission Rule 433 (“Issuer FWP”), relating to a Shelf Registration, or arise out of, or are based upon, the omission or
alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and shall reimburse, as incurred, the Indemnified Parties for any legal or other expenses reasonably incurred
by them in connection with investigating or defending any such loss, claim, damage, liability or action in respect thereof; provided, however, that (i) the Company shall not be liable in any such case to the extent that such loss, claim, damage
or liability arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or
Issuer FWP relating to a Shelf Registration in reliance upon and in conformity with written information pertaining to such Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion therein and (ii) with
respect to any untrue statement or omission or alleged untrue statement or omission made in any preliminary prospectus relating to a Shelf Registration Statement, the indemnity agreement contained in this subsection (a) shall not inure to the
benefit of any Holder or Participating Broker-Dealer from whom the person asserting any such losses, claims, damages or liabilities purchased the Securities concerned, to the extent that a prospectus relating to such Securities was required to be
delivered (including through satisfaction of the conditions of Commission Rule 172) by such Holder or Participating Broker-Dealer under the Securities Act in connection with such purchase and any such loss, claim, damage or liability of such
Holder or Participating Broker-Dealer results from the fact that there was not conveyed to such person, at or prior to the time of the sale of such Securities to such person, an amended or supplemented prospectus or, if permitted by
Section 3(d), an Issuer FWP correcting such untrue statement or omission or alleged untrue statement or omission if the Company had previously furnished copies thereof to such Holder or Participating Broker-Dealer; provided further, however,
that this indemnity agreement will be in addition to any liability which the Company may otherwise have to such Indemnified Party. The Company shall also indemnify underwriters, their officers and directors and each person who controls such
underwriters within the meaning of the Securities Act or the Exchange Act to the same extent as provided above with respect to the indemnification of the Holders of the Securities if requested by such Holders. 

  
 9 

 (b) Each Holder of the Securities, severally and not jointly, will indemnify and hold
harmless the Company and each person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act from and against any losses, claims, damages or liabilities or any actions in respect thereof, to which the Company
or any such controlling person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue
statement of a material fact contained in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or Issuer FWP relating to a Shelf Registration, or arise out of or are based upon the
omission or alleged omission to state therein a material fact necessary to make the statements therein not misleading, but in each case only to the extent that the untrue statement or omission or alleged untrue statement or omission was made in
reliance upon and in conformity with written information pertaining to such Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion therein; and, subject to the limitation set forth immediately preceding this
clause, shall reimburse, as incurred, the Company for any legal or other expenses reasonably incurred by the Company or any such controlling person in connection with investigating or defending any loss, claim, damage, liability or action in respect
thereof. This indemnity agreement will be in addition to any liability which such Holder may otherwise have to the Company or any of its controlling persons. 
 (c) Promptly after receipt by an indemnified party under this Section 5 of notice of the commencement of any action or proceeding (including a governmental investigation), such indemnified party
will, if a claim in respect thereof is to be made against the indemnifying party under this Section 5, notify the indemnifying party of the commencement thereof; but the failure to notify the indemnifying party shall not relieve the
indemnifying party from any liability that it may have under subsection (a) or (b) above except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided
further that the failure to notify the indemnifying party shall not relieve it from any liability that it may have to an indemnified party otherwise than under subsection (a) or (b) above. In case any such action is brought against any
indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may wish, jointly with any other indemnifying party similarly notified,
to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and after notice from the indemnifying party to
such indemnified party of its election so to assume the defense thereof the indemnifying party will not be liable to such indemnified party under this Section 5 for any legal or other expenses, other than reasonable costs of investigation,
subsequently incurred by such indemnified party in connection with the defense thereof. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened action in respect of
which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party unless such settlement (i) includes an unconditional release of such indemnified party from all liability on any
claims that are the subject matter of such action, and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified party. 

(d) If the indemnification provided for in this Section 5 is unavailable or insufficient to hold harmless an indemnified party
under subsections (a) or (b) above, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to
in subsection (a) or (b) above (i) in such proportion as is appropriate to reflect the relative benefits received by the indemnifying party or parties on the one hand and the indemnified party on the other from the exchange of the
Securities, pursuant to the Registered Exchange Offer, or (ii) if the allocation provided by the foregoing clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits
referred to in clause (i) above but also the relative fault of the indemnifying party or parties on the one hand and the indemnified party on the other in connection with the statements or omissions that resulted in such losses, claims, damages
or liabilities (or actions in respect thereof) as well as any other relevant equitable considerations. The relative fault of the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company on the one hand or such Holder or such other indemnified party, as the case may be, on the other, and the parties’
relative intent, knowledge, access to information 

  
 10 

 
and opportunity to correct or prevent such statement or omission. The amount paid by an indemnified party as a result of the losses, claims, damages or liabilities referred to in the first
sentence of this subsection (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any action or claim which is the subject of this subsection (d).
Notwithstanding any other provision of this Section 5(d), the Holders of the Securities shall not be required to contribute any amount in excess of the amount by which the net proceeds received by such Holders from the sale of the Securities
pursuant to a Registration Statement exceeds the amount of damages which such Holders have otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this paragraph (d), each person, if any,
who controls such indemnified party within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as such indemnified party and each person, if any, who controls the Company within the meaning of the
Securities Act or the Exchange Act shall have the same rights to contribution as the Company. 
 (e) The agreements
contained in this Section 5 shall survive the sale of the Securities pursuant to a Registration Statement and shall remain in full force and effect, regardless of any termination or cancellation of this Agreement or any investigation made by or
on behalf of any indemnified party. 
 6. Special Interest Under Certain Circumstances. (a) Special interest
(the “Special Interest”) with respect to the Initial Securities shall be assessed as follows if any of the following events occur (each such event in clauses (i) through (iii) below a “Registration Default”):

 (i) If the Exchange Offer Registration Statement is not declared effective by the Commission on or prior
to the Effectiveness Target Date or the Shelf Registration Statement is not declared effective on or prior to the Shelf Effectiveness Target Date; 
 (ii) If the Company fails to consummate the Registered Exchange Offer within 30 business days of the Effectiveness Target Date with respect to the Exchange Offer Registration Statement; or

 (iii) If after either the Exchange Offer Registration Statement or the Shelf Registration Statement is
declared (or becomes automatically) effective (A) such Registration Statement thereafter ceases to be effective; or (B) such Registration Statement or the related prospectus ceases to be usable (except as permitted in paragraph (b))
in connection with resales of Entitled Securities during the periods specified herein because either (1) any event occurs as a result of which the related prospectus forming part of such Registration Statement would include any untrue statement
of a material fact or omit to state any material fact necessary to make the statements therein in the light of the circumstances under which they were made not misleading, (2) it shall be necessary to amend such Registration Statement or
supplement the related prospectus, to comply with the Securities Act or the Exchange Act or the respective rules thereunder, or (3) such Registration Statement is a Shelf Registration Statement that has expired before a replacement Shelf
Registration Statement has become effective. 
 With respect to the first 90-day period immediately following the occurrence of
the first Registration Default, Special Interest shall be paid in an amount equal to 0.50% per annum of the principal amount of Entitled Securities outstanding. The amount of the Special Interest shall increase by an additional 0.25% per
annum with respect to each subsequent 90-day period until each Registration Default has been cured, provided, however, that Special Interest for all Registration Defaults shall not exceed an amount equal to 1.0% per annum of the
principal amount of the Entitled Securities outstanding. 
 (b) A Registration Default referred to in
Section 6(a)(iii)(B) hereof shall be deemed not to have occurred and be continuing in relation to a Shelf Registration Statement or the related prospectus if (i) such Registration Default has occurred solely as a result of (x) the
filing of a post-effective amendment to such Shelf Registration Statement to incorporate annual audited financial information with respect to the Company where such post-effective 

  
 11 

 
amendment is not yet effective and needs to be declared effective to permit Holders to use the related prospectus or (y) other material events, with respect to the Company that would need to
be described in such Shelf Registration Statement or the related prospectus and (ii) in the case of clause (y), the Company is proceeding promptly and in good faith to amend or supplement such Shelf Registration Statement and related prospectus
to describe such events; provided, however, that in any case if such Registration Default occurs for a continuous period in excess of 30 days, Special Interest shall be payable in accordance with the above paragraph from the day such
Registration Default occurs until such Registration Default is cured. 
 (c) Any amounts of Special Interest due pursuant
to clause (i), (ii) or (iii) of Section 6(a) above will be payable in cash on the regular interest payment dates with respect to the Entitled Securities. The amount of Special Interest will be determined by multiplying the applicable
Special Interest rate by the principal amount of the Entitled Securities outstanding, multiplied by a fraction, the numerator of which is the number of days such Special Interest rate was applicable during such period (determined on the basis of a
360-day year comprised of twelve 30-day months), and the denominator of which is 360. 
 (d) “Entitled
Securities” means each Security until (i) the date on which such Transfer Restricted Security has been exchanged by a person other than a broker-dealer for a freely transferable Exchange Security in the Registered Exchange Offer,
(ii) following the exchange by a broker-dealer in the Registered Exchange Offer of a Initial Security for an Exchange Note, the date on which such Exchange Note is sold to a purchaser who receives from such broker-dealer on or prior to the date
of such sale a copy of the prospectus contained in the Exchange Offer Registration Statement or (iii) the date on which such Initial Security has been effectively registered under the Securities Act and disposed of in accordance with the Shelf
Registration Statement. 
 7. Rules 144 and 144A. The Company shall use its commercially reasonable efforts to
file the reports required to be filed by it under the Securities Act and the Exchange Act in a timely manner and, if at any time the Company is not required to file such reports, it will, upon the request of any Holder of Initial Securities, make
publicly available other information so long as necessary to permit sales of their securities pursuant to Rules 144 and 144A. The Company covenants that it will take such further action as any Holder of Initial Securities may reasonably
request, all to the extent required from time to time to enable such Holder to sell Initial Securities without registration under the Securities Act within the limitation of the exemptions provided by Rules 144 and 144A (including the
requirements of Rule 144A(d)(4)). The Company will provide a copy of this Agreement to prospective purchasers of Initial Securities identified to the Company by the Initial Purchasers upon request. Upon the request of any Holder of Initial
Securities, the Company shall deliver to such Holder a written statement as to whether it has complied with such requirements. Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Company to register any of
its securities pursuant to the Exchange Act. 
 8. Underwritten Registrations. If any of the Entitled
Securities covered by any Shelf Registration are to be sold in an underwritten offering, the investment banker or investment bankers and manager or managers that will administer the offering (“Managing Underwriters”) will be selected by
the Holders of a majority in aggregate principal amount of such Entitled Securities to be included in such offering. 
 No
person may participate in any underwritten registration hereunder unless such person (i) agrees to sell such person’s Entitled Securities on the basis reasonably provided in any underwriting arrangements approved by the persons entitled
hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements.

 9. Miscellaneous. 
 (a) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be
given, except by the Company and the written consent of the Holders of a majority in principal amount of the Securities affected by such amendment, modification, supplement, waiver or consents. 

  
 12 

 (b) Notices. All notices and other communications provided for or permitted
hereunder shall be made in writing by hand delivery, first-class mail, facsimile transmission, or air courier which guarantees overnight delivery: 
 (1) if to a Holder of the Securities, at the most current address given by such Holder to the Company. 
 (2) if to the Initial Purchasers; 
 Deutsche Bank Securities Inc.

 60 Wall Street 
 New York, N.Y. 10005 
 Fax No.: 212-469-4877 

Attention: Debt Capital Markets Syndicate 

with a copy to: 
 Latham & Watkins LLP 
 885 Third Avenue 

New York, NY 10022 
 Attention: Peter M. Labonski, Esq. & Keith Halverstam, Esq. 
 (3) if to
the Company, at its address as follows: 
 Alliance One International, Inc. 

8001 Aerial Center Parkway 
 Post Office Box 2009 
 Morrisville, NC 27560-2009 

Attn: Joel Thomas – Vice President – Treasurer 

with a copy to: 
 Robinson, Bradshaw & Hinson, P.A. 
 101 North Tryon
Street, Suite 1900 
 Charlotte, NC 28246 

Attn: Stephen M. Lynch, Esq. 
 All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; three business days after being deposited in the mail, postage prepaid,
if mailed; when receipt is acknowledged by recipient’s facsimile machine operator, if sent by facsimile transmission; and on the day delivered, if sent by overnight air courier guaranteeing next day delivery. 

(c) No Inconsistent Agreements. The Company has not, as of the date hereof, entered into, nor shall it, on or after the
date hereof, enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders herein or otherwise conflicts with the provisions hereof. 

(d) Successors and Assigns. This Agreement shall be binding upon the Company and its successors and assigns. 

(e) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

  
 13 

 (f) Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof. 
 (g) Governing Law. THIS AGREEMENT
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. 
 (h) Severability. If any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality
and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby. 
 (i) Securities Held by the Company. Whenever the consent or approval of Holders of a specified percentage of principal amount of Securities is required hereunder, Securities held by the
Company or its affiliates (other than subsequent Holders of Securities if such subsequent Holders are deemed to be affiliates solely by reason of their holdings of such Securities) shall not be counted in determining whether such consent or approval
was given by the Holders of such required percentage. 
 (j) Submission to Jurisdiction. The Company hereby
submits to the non-exclusive jurisdiction of the Federal and state courts in the Borough of Manhattan in The City of New York in any suit or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. The Company
irrevocably and unconditionally waives any objection to the laying of venue of any suit or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby in Federal and state courts in the Borough of Manhattan in The
City of New York and irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such suit or proceeding in any such court has been brought in an inconvenient forum. 

  
 14 

 If the foregoing is in accordance with your understanding of our agreement, please sign and
return to the Company a counterpart hereof, whereupon this instrument, along with all counterparts, will become a binding agreement among the several Initial Purchasers and the Company in accordance with its terms. 

 

					
	Very truly yours,
	
	ALLIANCE ONE INTERNATIONAL, INC.

		
	By:	 	 /s/ Robert A. Sheets

		 	Name:	 	Robert A. Sheets
		 	Title:	 	Executive Vice President – Chief Financial Officer and Chief Administrative Officer

  
 15 

									
	 The foregoing Registration Rights Agreement is hereby confirmed and accepted as of the date first above
written.

	
	DEUTSCHE BANK SECURITIES INC.
			
		 		 	AS REPRESENTATIVE OF THE INITIAL PURCHASERS
		
	by:	 	DEUTSCHE BANK SECURITIES INC.
				
		 		 	By:	 	 /s/ William Frauen

		 		 		 	Name:	 	William Frauen
		 		 		 	Title:	 	Managing Director
				
		 		 	By:	 	 /s/ Christopher Blum

		 		 		 	Name:	 	Christopher Blum
		 		 		 	Title:	 	Managing Director

  
 16 

 ANNEX A 
 Each broker-dealer that receives Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange
Securities. The Letter of Transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. This Prospectus, as it
may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for Initial Securities where such Initial Securities were acquired by such broker-dealer as a
result of market-making activities or other trading activities. The Company has agreed that, for a period of 180 days after the Expiration Date (as defined herein), it will make this Prospectus available to any broker-dealer for use in connection
with any such resale. See “Plan of Distribution.” 

 ANNEX B 
 Each broker-dealer that receives Exchange Securities for its own account in exchange for Securities, where such Initial Securities were acquired by such broker-dealer as a result of market-making
activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. See “Plan of Distribution.” 

 ANNEX C 
 PLAN OF DISTRIBUTION 
 Each broker-dealer that receives
Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. This Prospectus, as it may be amended or supplemented from time to
time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for Initial Securities where such Initial Securities were acquired as a result of market-making activities or other trading activities. The
Company has agreed that, for a period of 180 days after the Expiration Date, it will make this prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale. In addition, until
            , 20[xx] all dealers effecting transactions in the Exchange Securities may be required to deliver a prospectus.(1) 
 The Company will not receive any proceeds from any sale of Exchange Securities by broker-dealers. Exchange Securities received by broker-dealers for their own account pursuant to the Exchange Offer may be
sold from time to time in one or more transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the Exchange Securities or a combination of such methods of resale, at market prices prevailing at the
time of resale, at prices related to such prevailing market prices or negotiated prices. Any such resale may be made directly to purchasers or to or through brokers or dealers who may receive compensation in the form of commissions or concessions
from any such broker-dealer or the purchasers of any such Exchange Securities. Any broker-dealer that resells Exchange Securities that were received by it for its own account pursuant to the Exchange Offer and
any broker or dealer that participates in a distribution of such Exchange Securities may be deemed to be an “underwriter” within the meaning of the Securities Act and any profit on any such resale of Exchange Securities and any commission
or concessions received by any such persons may be deemed to be underwriting compensation under the Securities Act. The Letter of Transmittal states that, by acknowledging that it will deliver and by delivering a prospectus, a broker-dealer will not
be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. 
 For a period of 180 days
after the Expiration Date the Company will promptly send additional copies of this Prospectus and any amendment or supplement to this Prospectus to any broker-dealer that requests such documents in the Letter of Transmittal. The Company has agreed
to pay all expenses incident to the Exchange Offer (including the expenses of one counsel for the Holders of the Securities) other than commissions or concessions of any brokers or dealers and will indemnify the Holders of the Securities (including
any broker-dealers) against certain liabilities, including liabilities under the Securities Act. 
  

	(1)	 In addition, the
legend required by Item 502(e) of Regulation S-K will appear on the back cover page of the Exchange Offer prospectus. 

 ANNEX D 
  ̈ CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO.

  

							
		 	Name:	  	  
	 	
		 	Address:	  	  
	 	
		 		  	  
	 	

 If the undersigned is not a broker-dealer, the undersigned represents that it is not engaged in, and does not intend to
engage in, a distribution of Exchange Securities. If the undersigned is a broker-dealer that will receive Exchange Securities for its own account in exchange for Initial Securities that were acquired as a result of market-making activities or other
trading activities, it acknowledges that it will deliver a prospectus in connection with any resale of such Exchange Securities; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that it is an
“underwriter” within the meaning of the Securities Act.EX-10.1

 Exhibit 10.1 
 THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT 
 THIS THIRD AMENDMENT TO
LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as of July 25, 2013, by and among FORBES ENERGY SERVICES LLC, a limited liability company formed under the laws of the State of Delaware (“Energy
Services”), TX ENERGY SERVICES, LLC, a limited liability company formed under the laws of the State of Delaware (“TX Energy”), C.C. FORBES, LLC, a limited liability company formed under the laws of the State of Delaware
(“C.C.”), SUPERIOR TUBING TESTERS, LLC, a limited liability company formed under the laws of the State of Delaware (“Tubing”), and FORBES ENERGY INTERNATIONAL, LLC, a limited liability company formed under the laws
of the State of Delaware (“International”; and together with Energy Services, TX Energy, C.C., Tubing, each a “Borrower” and collectively, the “Borrowers”), FORBES ENERGY SERVICES LTD., a Texas
corporation (“Parent” or “Guarantor”), the lenders party thereto (each a “Lender” and collectively, the “Lenders”) and REGIONS BANK, an Alabama bank organized under the laws of the
State of Alabama (in its individual capacity, “Regions”), as agent for Lenders (Regions, in such capacity, the “Agent”) for Secured Parties (as hereinafter defined). 

RECITALS: 
 WHEREAS, the Borrowers, the Guarantor, the Lenders and the Agent entered into that certain Loan and Security Agreement, dated September 9, 2011, as amended by the First Amendment to Loan and Security
Agreement, dated as of December 13, 2011, and by the Second Amendment to Loan and Security Agreement, dated as of July 3, 2012 (the “Loan Agreement”); and 

WHEREAS, the Borrowers and the Guarantor have requested that Agent and Lenders agree to (a) extend the Original Term to the date
that is five (5) years following the Third Amendment Effective Date (as defined below), (b) increase the Maximum Credit to $90,000,000, (c) decrease the Revolving Interest Rate, (d) amend various requirements under the Loan
Agreement with respect to the Borrowers’ delivery of (i) Collateral and related reports and (ii) monthly financial statements; and Agent and Required Lenders are willing to agree to the foregoing, on and subject to the terms and
conditions set forth in this Amendment; 
 AGREEMENT: 

NOW, THEREFORE, in consideration of the premises and the terms and provisions of this Amendment and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 1.
Existing Definitions. Unless otherwise defined herein, capitalized terms used herein shall have the meanings set forth in the Loan Agreement. 

  
 Third
Amendment 

 2. Additional Definitions. As used herein, the following terms shall have the
meanings given to them below and Section 1 of the Loan Agreement is hereby amended to include, in addition and not in limitation, the following definitions: 
 “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute. 

“Excluded Hedging Agreement” means with respect to any Loan Party, any Hedging Agreement if, and to the extent that, all or a
portion of the Guarantee of such Loan Party of, or the grant by such Loan Party of a security interest to secure, such Hedging Agreement (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or
order of the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

“Excluded Hedging Obligations” shall have the meaning set forth in the definition of Obligations. 

“Third Amendment” shall mean Third Amendment to Loan and Security Agreement, dated as of July 25, 2013, by and among
Borrowers, Guarantor, Agent and Lenders, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 
 “Third Amendment Effective Date” shall mean the date on which all conditions precedent to the effectiveness of the Third Amendment, as set forth in Section 19 of the Third Amendment, have
been satisfied in full, as determined by Agent. 
 “Third Amendment Fee Letter” shall mean the Third Amendment Fee
Letter, dated as of July 25, 2013, by and among the Borrowers and Agent, as amended, restated, modified and supplemented from time to time. 
 3. Amendment of Certain Definitions. The following definitions set forth in Section 1.2 of the Loan Agreement are hereby amended as follows: 

(a) The definition of “Compliance Certificate” is hereby amended and restated in its entirety to read as follows: 

“Compliance Certificate” shall mean the Compliance Certificate executed and delivered by a Responsible Officer of Administrative
Borrower’s pursuant to Sections 9.7, 9.8 and (if applicable) 9.9 in the form of Exhibit 9.7 appended hereto. 

  
 2 

Third Amendment 

 (b) The definition of “Fee Letter” is hereby amended and restated in its entirety
to read as follows: 
 “Fee Letter” shall mean the Third Amendment Fee Letter and all references herein and in the
Other Documents to “Fee Letter” shall mean and refer to the Third Amendment Fee Letter. 
 (c) The definition of
“Obligations” is hereby amended by adding thereto the following new, additional sentence at the end of such definition: 
 “Notwithstanding anything to the contrary herein or any other Loan Document, “Obligations” shall not include, with respect to any Guarantor, any Obligations arising under or in connection
with Excluded Hedging Agreements (such Obligations being referred to herein as “Excluded Hedging Obligations”), but such Excluded Hedging Obligations shall otherwise constitute Obligations of all other Loan Parties.” 

(d) The definition of “Well Services Equipment Appraisal Date” is hereby amended and restated in its entirety to read as
follows: 
 “Well Services Equipment Appraisal Date” means the date of the one (1) Well Services Equipment
Appraisal that shall in all events be conducted annually in each twelve (12) month period following the Third Amendment Effective Date pursuant to Section 4.9 (subject to Agent’s right to conduct additional Well Services Equipment
Appraisals in each such twelve (12) month period, as provided in Section 4.9). 
 4. Original Term Extension.
Borrowers, Guarantor, Agent and Lenders have agreed to extend the Original Term to the date that is five (5) years following the Third Amendment Effective Date and in order to effect such agreement, clause (a) of Section 13.1 of the
Loan Agreement is hereby amended and restated in its entirety to read as follows: 
 “(a) July 25, 2018 (the
“Original Term”),” 
 5. Increase in Maximum Credit. The definition of “Maximum Credit” set
forth in Section 1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 

““Maximum Credit” shall mean $90,000,000 (subject to adjustment as provided pursuant to the terms of
Section 2.20).” 
 6. Increase in Swingline. The definition of “Maximum Swingline Loan Advance
Amount” set forth in Section 1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 
 ““Maximum Swingline Loan Advance Amount” shall mean $10,000,000.” 

  
 3 

Third Amendment 

 7. Decrease in Minimum Accordion Exercise Amount. Section 2.20(a)(iv) of the
Loan Agreement is hereby amended and restated in its entirety to read as follows: 
 “(iv) the amount of each increase in
the Maximum Credit shall not be less than Five Million ($5,000,000) Dollars,” 
 8. Commitments. Schedule C-1
(Commitments) appended to the Loan Agreement is hereby deleted in its entirety and Schedule C-1 (Commitments) appended to this Amendment is hereby substituted therefor. 

9. Reduction of Revolving Interest Rate. The definition of “Applicable Margin” set forth in Section 1 of the Loan
Agreement is hereby amended by amending and restating clause (a) thereof in its entirety to read as follows: 
 “(a)
subject to clause (b) below, the applicable percentage (on a per annum basis) set forth in the chart below for Base Rate Loans and for LIBOR Rate Loans, respectively, that will result, in accordance with such chart, if the Quarterly Average
Borrowing Availability for the immediately preceding calendar quarter is in an amount within the range indicated in the chart below for such percentage: 
  

											
	     Tier    
	  	 Quarterly Average Borrowing Availability
	  	Applicable Margin
for Base Rate Loans	 	 	Applicable Margin
for LIBOR Rate
Loans	 
	 I
	  	 Less than thirty (30%) percent of the Maximum Credit
	  	 	1.50	% 	 	 	2.50	% 
	 II
	  	 Greater than or equal to thirty (30%) percent of the Maximum Credit, but less than sixty (60%) percent of the Maximum
Credit
	  	 	1.25	% 	 	 	2.25	% 
	 III
	  	 Greater than or equal to sixty (60%) percent of the Maximum Credit
	  	 	1.00	% 	 	 	2.00	%” 

 10. Well Service Equipment Appraisals; Field Examinations. Section 4.9 of the Loan Agreement
is hereby amended by amending and restating the third through fifth sentences thereof in their entirety, as follows: 

“Notwithstanding anything to the contrary contained herein, (i) Well Service Equipment Appraisals shall be prepared in each
twelve (12) month period following the Closing Date (A) at Borrowers’ expense, (1) on one (1) occasion, (2) on a second 

  
 4 

Third Amendment 

 
occasion, solely if required by Agent in Agent’s Permitted Discretion, and (3) if a Trigger Event shall have occurred and be continuing, on an additional occasion (which may be either
the second or third Well Service Equipment Appraisal during any such twelve (12) month period, depending on whether Agent, in its Permitted Discretion, had previously required a second Well Service Equipment Appraisal during such period), and
(B) so long as no Event of Default shall have occurred and be continuing, at Agent’s and Lenders’ expense, on no more than two (2) additional occasions in any twelve (12) month period following the Closing Date, and
(ii) field examinations shall be conducted (A) at Borrowers’ expense, (1) on one (1) occasion, (2) on a second occasion, solely if required by Agent in Agent’s Permitted Discretion, and (3) if a Trigger Event
shall have occurred and be continuing, on an additional occasion (which may be either the second or third field examination during any such twelve (12) month period, depending on whether Agent, in its Permitted Discretion, had previously
required a second field examination during such period), and (B) so long as no Event of Default shall have occurred and be continuing, at Agent’s and Lenders’ expense, on no more than two (2) additional occasions in any twelve
(12) month period following the Closing Date; except, that, after the occurrence and during the continuance of an Event of Default, Agent shall have the right to arrange for Well Service Equipment Appraisals and to conduct field
examinations at any time and from time to time, in each case at Borrowers’ expense. In general, the Well Service Equipment Appraisals arranged by Agent in any twelve (12) month period following the Closing Date shall include (x) one
(1) “desk top” appraisal (y) if Agent has, in accordance with clause (i)(A)(2) above, in its Permitted Discretion, required an additional Well Service Equipment Appraisal, at Agent’s election, either a “desk top”
appraisal or a full physical appraisal of the Well Service Equipment, or (z) if either a Trigger Event or an Event of Default shall have occurred and be continuing, a full physical appraisal of the Well Service Equipment. Appraisals arranged by
Agent at its and the Lenders’ expense in accordance herewith may be, at Agent’s election, either a “desk top” appraisal or a full physical appraisal of the Well Service Equipment.” 

  
 5 

Third Amendment 

 11. Amendment to Restrictions on Loss Payees and Additional Insureds in Connection with
Permitted Fixed Asset Financing. At the request of the Borrowers and the Guarantor, Agent and Required Lenders hereby agree that Section 4.10 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 

“4.10 Insurance. 
 Each Loan Party shall bear the full risk of any loss of any nature whatsoever with respect to the Collateral. At each Loan Party’s own cost and expense, each Loan Party shall, and shall cause each of
its Subsidiaries to, maintain insurance in amounts, types and with carriers in each case acceptable to Agent; provided, that, the Loan Parties’ present insurance coverage and coverage reasonably consistent with that coverage existing on the
date hereof shall be considered acceptable by Agent. Without limiting the foregoing, each Loan Party shall, and shall cause each of its Subsidiaries to, (a) keep all its insurable properties insured against the hazards of fire, flood, those
hazards covered by extended coverage insurance and such other hazards, and for such amounts, not less than as is customary in the case of companies engaged in businesses similar to such Loan Party’s business; (b) maintain normal and
customary liability insurance against claims for personal injury, death or property damage suffered by others, consistent with past practice; and (c) maintain normal and customary consistent with past practice all such worker’s
compensation or similar insurance as may be required under the laws of any state or jurisdiction in which Loan Party is engaged in business. Each Loan Party shall (i) furnish Agent with copies of all policies and evidence of the maintenance of
such policies required hereby upon the request of Agent and (ii) cause all such policies to include appropriate loss payable endorsements, and/or additional insured endorsements, in form and substance reasonably satisfactory to Agent, providing
with respect to loss payable endorsements that (A) except as set forth below, all proceeds thereunder shall be payable to Agent, (B) no such insurance shall be affected by any act or neglect of the insured or owner of the property
described in such policy, and (C) that such policy and loss payable clauses may not be cancelled, amended or terminated unless at least thirty (30) days’ prior written notice is given to Agent (or such shorter period as Agent may
agree). If any insurance losses are paid by check, draft or other instrument payable to any Loan Party and Agent jointly, Agent may endorse such Loan Party’s name thereon and do such other things as Agent may deem advisable to reduce the same
to cash and apply the same in accordance with this Agreement. Notwithstanding the foregoing, any Person who has provided Permitted Fixed Asset Financing with respect to any Equipment or any Person who is a lessor under any Capital Lease or operating
lease permitted hereunder may be listed, together with Agent, as loss payee and additional insured under such insurance policies and proceeds thereunder shall be payable to such Person and Agent as their respective interests shall appear (it being
understood that the interests of such Person in such insurance proceeds shall be 

  
 6 

Third Amendment 

 senior to Agent’s interest therein so long as the Permitted Fixed Asset Financing
provided by such Person remains outstanding or such Capital Lease or operating lease remains in effect).” 
 12.
Redemption of Series B Senior Convertible Preferred Shares. Section 7.7(a) of the Loan Agreement is hereby amended by deleting “and” from the end of clause (ii) thereof, inserting “and” at the end of clause
(iii) thereof and adding thereto the following new clause (iv): 
 “(iv) On or after the Third Amendment Effective
Date, Parent may redeem the Series B Preferred Shares pursuant to the Parent’s certificate of designation governing the Series B Preferred Shares so long as, both on the date of the proposed redemption payment and after giving effect thereto,
Loan Parties shall have satisfied the Investment Conditions.” 
 13. Collateral and Related Reports.
Section 9.2(e) of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 
 “(e) If
requested by Agent with respect to any fiscal year of a Loan Party, deliver to Agent, on or before the ninetieth (90th) day after the end of such fiscal year, a list of all Customers of such Loan Party owing Accounts receivable as of the end of
such fiscal year, including such Customers’ respective name, address, phone number, and e-mail address;” 
 14.
Annual Financial Statements. Section 9.7 of the Loan Agreement is hereby amended as follows: 
 (a) The initial
portion of the first sentence of Section 9.7 of the Loan Agreement is hereby amended and restated in its entirety through and including the first comma that appears therein, as follows: 

“Furnish Agent and each Lender within ninety (90) days after the end of each fiscal year of Loan Parties (or, if such due date
is not a Business Day, then on the next Business Day),” 
 (b) Section 9.7 of the Loan Agreement is hereby further
amended by amending and restating the last sentence thereof in its entirety, as follows: 
 “Loan Parties may elect to
satisfy their obligations under the first sentence of this Section 9.7 with respect to any fiscal year by the filing of Parent’s Form 10-K with the SEC, and the availability of same on the SEC’s website shall constitute
“furnishing” to Agent and Lenders of the annual financial statements as required by the first sentence of this Section 9.7, subject to the time period required by such first sentence of this Section 9.7.” 

  
 7 

Third Amendment 

 15. Quarterly Financial Statements. Section 9.8 of the Loan Agreement is
hereby amended and restated in its entirety to read as follows: 
 “9.8 Quarterly Financial Statements. 

Furnish Agent and each Lender with respect to each of Loan Parties’ fiscal quarters (with the exception of the fourth fiscal quarter
of each fiscal year), on or before the earlier to occur of (a) forty-five (45) days after the end of each fiscal quarter (or, if such due date is not a Business Day, then on the next Business Day), and (b) the earlier to occur of
(i) the date on which the Loan Parties filed their SEC Form 10-Q for such fiscal quarter, and (ii) the date on which the Loan Parties were obligated under applicable SEC regulations to file their SEC Form 10-Q for such fiscal quarter,
including applicable extension periods, an unaudited balance sheet of Loan Parties and their Subsidiaries on a consolidated and consolidating basis and unaudited statements of income of Loan Parties and their Subsidiaries on a consolidated and
consolidating basis reflecting results of operations from the beginning of the fiscal year to the end of such fiscal quarter and for such fiscal quarter, prepared on a basis consistent with prior practices and complete and correct in all material
respects, subject to normal and recurring year end adjustments that individually and in the aggregate are not material to the business of Loan Parties or their Subsidiaries. Each such balance sheet and statement of income shall set forth a
comparison of the figures for (a) the current fiscal quarter and the current year-to-date with the figures for the same fiscal quarter and year-to-date period of the immediately preceding fiscal year and (b) the projections for such fiscal
period and year-to-date period delivered pursuant to Section 9.12. The financial statements shall be accompanied by a Compliance Certificate signed by a Responsible Officer of the Administrative Borrower, which shall state that, based on an
examination sufficient to permit such Responsible Officer to make an informed statement, no Default or Event of Default exists, or, if such is not the case, specifying such Default or Event of Default, its nature, when it occurred, whether it is
continuing and the steps being taken by Loan Parties with respect to the events giving rise to such Default or Event of Default and, such Compliance Certificate shall have appended thereto calculations which set forth Loan Parties’ calculation
of the Fixed Charge Coverage Ratio (regardless of whether a Financial Covenant Trigger Event shall have then occurred and be continuing) and, if a Financial Covenant Trigger Event shall have then occurred and be continuing, Loan Parties’
compliance with the requirements or restrictions imposed by Section 6.8. Each Compliance Certificate shall additionally set 

  
 8 

Third Amendment 

 
forth the aggregate amount of Capital Expenditures made by Loan Parties during the fiscal quarter in connection with which such Compliance Certificate is delivered. Loan Parties may elect to
satisfy their obligations under the first sentence of this Section 9.8 with respect to any fiscal quarter by the filing of Parent’s Form 10-Q with the SEC, and the availability of same on the SEC’s website shall constitute
“furnishing” to Agent and Lenders of the quarterly financial statements as required by the first sentence of this Section 9.8, subject to the time period required by such first sentence of this Section 9.8.” 

16. Monthly Financial Statements. Section 9.9 of the Loan Agreement is hereby amended as follows: 

(a) The initial portion of the first sentence of Section 9.9 of the Loan Agreement is hereby amended and restated in its entirety
through and including the first comma that appears therein, as follows: 
 “Furnish Agent and each Lender within thirty
(30) days after the end of each month (or, if such due date is not a Business Day, then on the next Business Day, and except as set forth in the immediately following sentence, with respect to the month of January),” 

(b) Section 9.9 of the Loan Agreement is hereby further amended by adding thereto the following new, additional sentence at the end
of such Section 9.9: 
 “Notwithstanding anything to the contrary set forth in this Section 9.9 or otherwise in
this Agreement, from and after the Third Amendment Effective Date, Loan Parties shall not be obligated to deliver to Agent and Lenders, for any month, any of the monthly financial statements and related information or the Compliance Certificate that
are otherwise required to be delivered pursuant to this Section 9.9 (collectively, the “Monthly Financials”), unless Agent, in its Permitted Discretion, delivers written notice to Administrative Borrower, no later than five
(5) Business Days following the end of such month, that Loan Parties shall be obligated to deliver Monthly Financials to Agent and Lenders with respect to such month then ended and any such additional months as may be specified by Agent in such
written notice, in which event Loan Parties shall be obligated to deliver Monthly Financials for such month(s) on or before the due date specified herein.” 
 17. Projections. Section 9.12 of the Loan Agreement is hereby amended by deleting therefrom the phrase, “no later than fifteen (15) days prior to the beginning of each Loan
Party’s fiscal years, commencing with Loan Party’s fiscal year which commences on January 1, 2012” and replacing it with “no later than fifteen (15) days after the beginning of each Loan Party’s fiscal years,
commencing with Loan Party’s fiscal year which commences on January 1, 2014”. 

  
 9 

Third Amendment 

 18. Limitations Regarding ECP Guarantors. Section 15 of the Loan Agreement is
hereby amended by adding thereto a new Section 15.17 as follows: 
 15.17 Limitations Regarding ECP Guarantors.

 Each Guarantor that qualifies as an “eligible contract participant” under Section 723(a)(2) of the Dodd-Frank
Wall Street Reform and Consumer Protection Act (each an “ECP Guarantor”) hereby jointly and severally, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each
other Loan Party to fulfill its obligations under this Guaranty in respect of all Obligations at any time arising under Hedging Agreements (herein collectively referred to as “Hedge Obligations”); provided, that, each ECP Guarantor that,
at the time the Hedge Obligations are incurred, has total assets in excess of $10,000,000 shall only be liable for the maximum amount of such liability that can be incurred without resulting in the obligations of such ECP Guarantor under this
Section 15.17, as it relates to such Loan Party, being determined to be voidable under applicable law relating to fraudulent conveyance or fraudulent transfer by a final, non-appealable order of a court of competent jurisdiction, and not for
any greater amount. The obligations of each ECP Guarantor under this Section 15.17 shall remain in full force and effect until the Obligations have been paid in full in accordance with the terms of the Loan Agreement. Each ECP Guarantor intends
that this Section 15.17 constitute, and this Section 15.17 shall be deemed to constitute, a “keepwell, support, other agreement” for the benefit of each other Loan Party for all purposes of Section 1a(18)(A)(v)(II) of the
Commodity Exchange Act, provided, however, that notwithstanding anything to the contrary herein or in any other Loan Document, no amount received from any Guarantor shall be applied to any Excluded Hedging Obligations of such
Guarantor. 
 19. Conditions to Amendments. The effectiveness of the amendments to the Loan Agreement pursuant to this
Amendment is subject to the Agent’s receipt of each of the following: 
 (a) Third Amendment. An original of this
Amendment (or an executed copy delivered by facsimile or other electronic transmission), duly authorized, executed and delivered by Borrowers, Guarantor, Agent and Lenders; 

  
 10 

Third Amendment 

 (b) Third Amendment Fee Letter. An original of the Third Amendment Fee Letter (or an
executed copy delivered by facsimile or other electronic transmission), duly authorized, executed and delivered by Borrowers, Guarantor and Agent, and Borrowers shall have paid in full those fees which are due and payable on the date hereof in
accordance with the Third Amendment Fee Letter; 
 (c) Replacement Notes. To the extent required by any Lender whose
Commitment has increased on the Third Amendment Effective Date, Agent shall have received a replacement Note duly executed and delivered by an authorized officer of the Borrowers in favor each such Lender; 

(d) Corporate Proceedings of Loan Parties. Agent shall have received a copy of the resolutions of the board of directors (or
equivalent authority) of each Loan Party authorizing the execution, delivery and performance of this Amendment to which it is a party, certified by the Secretary or an Assistant Secretary of each Loan Party as of the date hereof; and, such
certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate; and 
 (e) Legal Opinion. Agent shall have received the executed legal opinion of Loan Parties’ U.S. legal counsel which shall cover such matters incident to the transactions contemplated by this
Amendment and the Other Documents as Agent may reasonably require and each Loan Party hereby authorizes and directs such counsel to deliver such opinions to Agent and Lenders. 
 (f) Commitment Assignment. Agent shall have received a Commitment Transfer Supplement executed between CIT Bank (“CIT”) and Regions Bank, pursuant to which CIT shall have assigned and
transferred to Regions Bank 100% of CIT’s Commitment and Advances, effective as of the Third Amendment Effective Date. 

20. Representations and Warranties of the Borrowers and Guarantor. Each Borrower and Parent, as Guarantor, hereby represents,
warrants and covenants with and in favor of Agent and Lenders as of the date hereof the following (which shall survive the execution and delivery of this Amendment): 
 (a) No consent, approval or other action of, or filing with, or notice to any Governmental Body is required in connection with the execution, delivery and performance of this Amendment; 

(b) This Amendment has been duly authorized, executed and delivered by all necessary action on the part of each Borrower which is a party
hereto and Guarantor and, if necessary, their respective stockholders or other holders of their Equity Interests (as applicable), and is in full force and effect as of the date hereof, and the agreements and obligations of the each Borrower and
Guarantor contained herein constitute the legal, valid and binding obligations of such Borrower and such Guarantor, enforceable against them in accordance with their respective terms, except as such enforceability may be limited by any applicable
bankruptcy, fraudulent transfer, fraudulent conveyance, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general principles of equity; 

  
 11 

Third Amendment 

 (c) The execution, delivery and performance of this Amendment (i) are all within each
Borrower’s and Guarantor’s corporate or limited liability company powers, and (ii) are not in contravention of law or the terms of such Borrower’s and such Guarantor’s certificate of incorporation, by-laws, or other
organizational documentation, or any indenture, agreement or undertaking to which such Borrower or such Guarantor is a party or by which such Borrower or such Guarantor or its property are bound. 

(d) Without limiting the generality of the representations and warranties set forth in Section 19(c) above, after giving effect to
the increase in the Maximum Credit set forth in this Amendment, all Obligations that are at any time outstanding under the Loan Agreement and the Other Documents constitute “Permitted Debt” under (and as defined in) the Senior Unsecured
Notes Indenture; 
 (e) After giving effect to this Amendment, all of the representations and warranties set forth in the Loan
Agreement and the Other Documents to which Borrowers and Guarantors are a party are true and correct on and as of the date hereof as if made on the date hereof, except to the extent any such representation or warranty is made as of a specified date,
in which case such representation or warranty shall have been true and correct as of such date; and 
 (f) After giving effect
to the terms of this Amendment, no Default or Event of Default has occurred and is continuing. 
 21. Reference to and Effect
on the Loan Agreement. This Amendment constitutes the entire agreement of the parties with respect to the subject matter hereof, and supersedes all prior oral or written communications, memoranda, proposals, negotiations, discussions, term
sheets and commitments with respect to the subject matter hereof. Except as expressly amended pursuant hereto, no other amendments, modifications or waivers to the Loan Agreement and the Other Documents are intended or implied, and in all other
respects the Loan Agreement and the Other Documents are hereby specifically ratified, restated and confirmed by all parties hereto as of the Second Amendment Effective Date. To the extent that any provisions of the Loan Agreement or any of the Other
Documents are inconsistent with any provisions of this Amendment, the provisions of this Amendment shall control. 
 22.
Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York, but excluding any principles of conflict of laws or other rule of law that would cause the application of the law of any
jurisdiction other than the laws of the State of New York. 
 23. Counterparts. This Amendment may be executed in any
number of counterparts, but all of such counterparts shall together constitute but one and the same agreement. In making proof of this Amendment, it shall not be necessary to produce or account for more than one counterpart thereof signed by each of
the parties hereto. Delivery of an executed counterpart of this Amendment by telecopier or electronically shall have the same force and effect as delivery 

  
 12 

Third Amendment 

 
of an original executed counterpart of this Amendment. Any party delivering an executed counterpart of this Amendment by telecopier or electronically also shall deliver an original executed
counterpart of this Amendment, but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment as to such party or any other party. 

[Signature Pages Follow] 

  
 13 

Third Amendment 

 IN WITNESS WHEREOF, each of the parties has signed this Amendment as of the day and year
first above written. 
  

			
	BORROWERS:
	
	FORBES ENERGY SERVICES LLC
		
	By:	 	 /s/ John E. Crisp

	Name:	 	 John E. Crisp

	Title:	 	 President and Chief Executive Officer

	
	FORBES ENERGY INTERNATIONAL, LLC
		
	By:	 	 /s/ John E. Crisp

	Name:	 	 John E. Crisp

	Title:	 	 Chief Executive Officer and Secretary

	
	TX ENERGY SERVICES, LLC
		
	By:	 	 /s/ John E. Crisp

	Name:	 	 John E. Crisp

	Title:	 	 President, Chief Executive Officer and Secretary

	
	C.C. FORBES, LLC
		
	By:	 	 /s/ John E. Crisp

	Name:	 	 John E. Crisp

	Title:	 	 Executive Vice President and Chief Operating Officer

 [SIGNATURES CONTINUED ON NEXT PAGE] 

  
 Third
Amendment 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	SUPERIOR TUBING TESTERS, LLC
		
	By:	 	 /s/ John E. Crisp

	Name:	 	 John E. Crisp

	Title:	 	 Executive Vice President

	
	GUARANTOR:
	
	FORBES ENERGY SERVICES LTD.
		
	By:	 	 /s/ John E. Crisp

	Name:	 	 John E. Crisp

	Title:	 	 President and Chief Executive Officer

 [SIGNATURES CONTINUED ON NEXT PAGE] 

  
 Third
Amendment 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	AGENT AND LENDERS:
	
	 REGIONS BANK,
 as Agent, Swingline Lender, Issuing Bank and a Lender

		
	By:	 	 /s/ Alan Schnacke

	Name:	 	 Alan Schnacke

	Title:	 	 Managing Director

 [SIGNATURES CONTINUED ON NEXT PAGE] 

  
 Third
Amendment 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	LENDERS:
	
	SUNTRUST BANK,
	as a Lender
		
	By:	 	 /s/ Ryan Jones

	Name:	 	 Ryan Jones

	Title:	 	 Vice President

 [SIGNATURES CONTINUED ON NEXT PAGE] 

  
 Third
Amendment 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	LENDERS:
	
	CAPITAL ONE LEVERAGE FINANCE CORP.,
	as a Lender
		
	By:	 	 /s/ Jose J. Garcia

	Name:	 	 Jose J. Garcia

	Title:	 	 Senior Vice President

  
 Third
Amendment 

 Schedule C-1 
 to 
 Loan and Security Agreement 

Commitments 
  

									
	 Lenders
	  	Revolver Commitment	 	  	Swingline Loan
Commitment	 
	 Regions Bank
	  	$	50,700,000	  	  	$	10,000,000	  
	 SunTrust Bank
	  	$	26,700,000	  	  	$	0	  
	 Capital One Leverage Finance Corp.
	  	$	12,600,000	  	  	$	0	  
	 Total:
	  	$	90,000,000	  	  	$	10,000,000	  

  
 C-1

 Third Amendment

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