Document:

FIRST AMENDMENT TO CREDIT AGREEMENT

This FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of September 14, 2016, by and among DAIRYLAND USA CORPORATION, a New York corporation (“Dairyland”), CHEFS’ WAREHOUSE PARENT, LLC, a Delaware limited liability company (together with Dairyland, the “Borrowers”), THE CHEFS’ WAREHOUSE, INC., a Delaware corporation (“Holdings”), the other Loan Parties party hereto, the Lenders party hereto and Jefferies Finance LLC, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) and as collateral agent for the Secured Parties (in such capacity, the “Collateral Agent” or, as Administrative Agent or Collateral Agent, the “Agent”).

 

W I T N E S S E T H:

 

WHEREAS, the Borrowers, Holdings, the other Loan Parties party thereto, certain Lenders party thereto and the Agent, among others, are parties to that certain Credit Agreement, dated as of June 22, 2016 (as the same may be amended by this Amendment and as otherwise amended, restated, amended and restated, supplemented or modified from time to time, the “Credit Agreement”);

 

WHEREAS, the Borrowers have requested that the Lenders amend, and the First Amendment Consenting Lenders (as defined below) have agreed to so amend, the Credit Agreement in the manner set forth in Section 2 hereof;

 

WHEREAS, the Agent and the First Amendment Consenting Lenders are willing, on the terms and subject to the conditions set forth below, to enter into the amendments, modifications and agreements set forth in this Amendment.

 

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

 

1.           Defined Terms. Unless otherwise defined herein, capitalized terms used herein shall have the respective meanings ascribed thereto in the Credit Agreement.

 

2.           Amendments.  Subject to the satisfaction of the conditions precedent set forth in Section 4 below, the Loan Parties, the First Amendment Consenting Lenders and the Agent hereby agree as follows:

 

a)            Section 1.01 of the Credit Agreement is hereby amended by adding the following defined terms in correct alphabetical order:

 

“Closing Date Leverage Restoration Date” means the first Business Day immediately following the date on which a Financials Certificate is delivered to the Administrative Agent and the Lenders pursuant to Section 5.01(c), demonstrating that the Total Leverage Ratio as of the last day of the most recent Fiscal Quarter for which financial statements shall have been delivered pursuant to Section 5.01(a) or 5.01(b) does not exceed 4.90:1.00.

 

  

 

  

     

“First Amendment” means the First Amendment to Credit Agreement, dated as of September 14, 2016, by and among the Borrowers, Holdings, the other Loan Parties party thereto, the Lenders party thereto, the Administrative Agent and the Collateral Agent.

 

“First Amendment Consenting Lenders” means the Lenders party to the First Amendment that consented to the First Amendment no later than 3:00 p.m. (New York time) on September 9, 2016.

 

“First Amendment Date” means the date on which all the conditions precedent set forth in Section 4 of the First Amendment shall have been satisfied in accordance with the terms thereof.

 

b)           Section 1.01 of the Credit Agreement is hereby amended by amending and restating the following defined term to read in its entirety as follows:

 

“Applicable Rate” means (a) for any day from the Effective Date through the date immediately preceding the First Amendment Date, (i) with respect to any Eurodollar Loan, 4.75% per annum or (ii) with respect to any ABR Loan, 3.75% per annum, (b) for any day from the First Amendment Date through the day that immediately precedes the Closing Date Leverage Restoration Date, (i) with respect to any Eurodollar Loan, 5.75% per annum or (ii) with respect to any ABR Loan, 4.75% per annum, and (c) for any day from and after the Closing Date Leverage Restoration Date, (i) with respect to any Eurodollar Loan, 4.75% per annum or (ii) with respect to any ABR Loan, 3.75% per annum.

 

c)            Section 5.01 of the Credit Agreement is hereby amended by amending and restating clause (d) to read in its entirety as follows:

 

“(d)        with respect to each Fiscal Month that ends on or after the First Amendment Date and prior to the Closing Date Leverage Restoration Date, within thirty (30) days after the end of each of the first two Fiscal Months of each Fiscal Quarter, Holdings’ consolidated balance sheet and related statements of operations and consolidated statements of cash flows in the form prepared by management of Holdings as of the end of and for such Fiscal Month and the then elapsed portion of such Fiscal Year, setting forth in comparative form the actual figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous Fiscal Year;”

 

d)           Section 6.08 of the Credit Agreement is hereby amended by adding the following clause (d) after clause (c):

 

“(d)        Notwithstanding the foregoing provisions of this Section 6.08, from the First Amendment Date through the Closing Date Leverage Restoration Date,

 

(i)            no Loan Party will, nor will it permit any Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, that otherwise would be permitted under clauses (x) (solely in respect of Permitted Holdings Dividends described in clause (ii) of the definition thereof) or (y)(iv) of Section 6.08(a); and

 

  

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(ii)           no Loan Party will, nor will it permit any Subsidiary to, make or agree to pay or make, directly or indirectly, any payment or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Indebtedness, or any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Indebtedness, that otherwise would be permitted under clauses (iv) (other than with respect to any refinancing of the NMTC Financing), (vii) (with respect to prepayments only), (ix) (other than with respect to the issuance of Equity Interests or the making of cash payments, in each case, upon conversion of the Permitted Convertible Seller Notes), and (xi) of Section 6.08(b).”

 

e)           As of the First Amendment Date, all outstanding DDTL Commitments shall terminate.

 

3.           Representations and Warranties.  In order to induce the other parties hereto to enter into this Amendment in the manner provided herein, each Loan Party represents and warrants to the other parties hereto that the following statements are true and correct:

 

a)          each of the representations and warranties contained in the Loan Documents are true and correct in all material respects (provided that any representation or warranty that is qualified by materiality or Material Adverse Effect shall be true and correct in all respects) on and as of the First Amendment Date except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (or, in the case of any representation or warranty qualified by materiality or Material Adverse Effect, in all respects) on and as of such earlier date;

 

b)          as of the date hereof and immediately after giving effect to this  Amendment, no Default or Event of Default has occurred and is continuing;

 

c)           in connection with this Amendment, Holdings has heretofore furnished to the Administrative Agent and the Lenders the projected balance sheets, income statements and statements of cash flows of Holdings and its Subsidiaries for Fiscal Years 2016 through 2020 (such projected financial statements, the “First Amendment Projections”).  Each of the First Amendment Projections and the 2016 Fiscal Year guidance included in the Borrowers’ press release dated August 2, 2016 (the “First Amendment Earnings Guidance”) were prepared in good faith based upon assumptions believed to be reasonable at the time delivered and as of the First Amendment Date, and Holdings is not aware of any facts or information that would lead it to believe that the First Amendment Projections or the First Amendment Earnings Guidance are incorrect or misleading in any material respect; and

   

  

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d)           the prepayment of Term Loans and application of proceeds thereof, in each case contemplated by Section 4(b), is effected in accordance with the terms of, and is permitted under, the Credit Agreement, the ABL Loan Documents and the Intercreditor Agreement.

 

4.           Conditions to Effectiveness.  The effectiveness of this Amendment is subject to the satisfaction of the following conditions (the date on which all such conditions are so satisfied is referred to herein as the “First Amendment Date”):

 

a)           the Agent shall have received a certificate, dated the First Amendment Date, executed by the President, a Vice President or a Financial Officer of the Borrower Representative, certifying that, as of the First Amendment Date, (i) that the representations and warranties contained in this Amendment and the other Loan Documents are true and correct in all material respects (provided that any representation or warranty that is qualified by materiality or Material Adverse Effect shall be true and correct in all respects) on and as of such date except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (or, in the case of any representation or warranty qualified by materiality or Material Adverse Effect, in all respects) on and as of such earlier date; (ii) that as of the First Amendment Date and immediately after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing; and (iii) this Amendment is effected in accordance with the terms of the Credit Agreement, the ABL Loan Documents and the Intercreditor Agreement;

 

b)           the Borrowers shall have prepaid the Term Loans pursuant to Section 2.11(a) of the Credit Agreement in an aggregate principal amount no less than $25,000,000, and such prepayment amount shall have been applied, pro rata (according to the principal amount of each First Amendment Consenting Lender’s Term Loans outstanding immediately prior to such prepayment), to prepay the Term Loans held by the First Amendment Consenting Lenders (other than Declining Lenders (as defined below)) (to be applied to installments of such Term Loans in inverse order of maturity), it being understood that (i) such prepayment shall be accompanied by the payment of accrued interest to the extent required by Section 2.13 of the Credit Agreement and amounts due under Section 2.16 of the Credit Agreement, (ii) the First Amendment Consenting Lenders hereby waive the requirement that the Borrower Representative provide prior notice of such prepayment pursuant to Section 2.11(f) of the Credit Agreement and (iii) any First Amendment Consenting Lender may elect to decline its pro rata share of the prepayment contemplated above by providing notice of such election to the Agent on or prior to the First Amendment Date (any such declining First Amendment Consenting Lender, a “Declining Lender”) (and, for the avoidance of doubt, such pro rata share shall be distributed pro rata to the First Amendment Consenting Lenders that are not Declining Lenders and each Declining Lender irrevocably waives its right to receive such prepayment);

 

c)           Holdings and the Borrowers shall have paid to the Agent (i) all applicable fees and other amounts due and payable to the Agent on or prior to the First Amendment Date, as separately agreed to by the Borrowers and the Agent, (ii) all costs and expenses due and payable under this Amendment, and (iii) for the account of the DDTL Lenders, all accrued but unpaid commitment fees payable in accordance with Section 2.12(a) of the Credit Agreement; and

  

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d)           the Agent shall have received counterparts of this Amendment duly executed by Holdings, the Borrowers, each other Loan Party, the Administrative Agent and Lenders constituting the Required Lenders.

 

5.           GOVERNING LAW AND WAIVER OF JURY TRIAL.

 

(a)  This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York without regard to conflict of law principles (other than sections 5-1401 and 5-1402 of the New York General Obligations Law).

 

(b)  To the fullest extent permitted by applicable law, each Loan Party hereby irrevocably submits to the exclusive jurisdiction of any New York State court or federal court sitting in the County of New York and the Borough of Manhattan in respect of any claim, suit, action or proceeding arising out of or relating to the provisions of this Amendment and irrevocably agree that all claims in respect of any such claim, suit, action or proceeding may be heard and determined in any such court and that service of process therein may be made by certified mail, postage prepaid, to your address set forth above.  Each Loan Party hereby waives, to the fullest extent permitted by applicable law, any objection that it may now or hereafter have to the laying of venue of any such claim, suit, action or proceeding brought in any such court, and any claim that any such claim, suit, action or proceeding brought in any such court has been brought in an inconvenient forum.   Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.  Nothing in this Amendment shall affect any right that the Agent or any Lender may otherwise have to bring any action or proceeding relating to this Amendment against any Loan Party or its properties in the courts of any jurisdiction.

 

(c)  Each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Amendment in any court referred to in paragraph (b) of this Section.  Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

 

(d)  Each party to this Amendment irrevocably consents to service of process in the manner provided for notices in Section 9.01 of the Credit Agreement.  Nothing in this Amendment will affect the right of any party to this Amendment to serve process in any other manner permitted by law.

 

(e)  EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT, THE CREDIT AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).

 

  

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EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

6.           Counterparts; Integration; Effectiveness.  This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  This Amendment constitutes the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.  This Amendment shall become effective on the First Amendment Date.  Except as provided in Section 4, this Amendment shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.  Delivery of an executed counterpart of a signature page of this Amendment by telecopy, e-mailed .pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment.  The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to any  document to be signed in connection with this Amendment and the transactions contemplated hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that nothing herein shall require the Administrative Agent to accept electronic signatures in any form or format without its prior written consent.

 

7.           Waiver and Releases.  In consideration of, among other things, the Loan Parties’ execution and delivery of this Amendment and in reliance upon the representations and warranties made by the Loan Parties herein:

 

a)           Each First Amendment Consenting Lender (collectively constituting the Required Lenders) hereby acknowledges and agrees that (1) the Loan Parties’ failure to meet the Closing Date Projections (as defined below) for the fiscal period from March 26, 2016 through and including June 24, 2016 and (2) the Loan Parties’ expected failure to meet the Closing Date Projections for any fiscal period from June 25, 2016 through and including the end of the 2020 Fiscal Year, shall not constitute a breach of the Credit Agreement in any respect, including, without limitation, the failure of any representation and warranty or of any condition precedent to any Borrowing contained therein to have been correct or satisfied, respectively, and hereby waives any purported breach of the Credit Agreement arising out of the Loan Parties’ actual or expected failure to meet the Closing Date Projections discussed in (1) and (2) above; and

  

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b)           each First Amendment Consenting Lender and its successors and assigns (collectively, the “Releasors”) hereby irrevocably, unconditionally and without reservation of any kind, waive, generally release and forever discharge each of the Loan Parties, the Agents and the Arrangers, their respective officers, directors, employees, agents and advisors, and the successors and assigns of each of the foregoing (collectively, the “Releasees”), from and against any and all rights and claims that such Releasor now has or hereafter may have, of whatsoever nature and kind, whether known or unknown, whether now existing or hereafter arising, whether arising at law or in equity (collectively, the “Claims”), against any or all of the Releasees, based in whole or in part on facts existing on or before the First Amendment Date, that arise out of (1) the Loan Parties’ failure to meet the Closing Date Projections for the fiscal period from March 26, 2016 through and including June 24, 2016 or (2) the Loan Parties’ expected failure to meet the Closing Date Projections for any fiscal period from June 25, 2016 through and including the end of the 2020 Fiscal Year.  For purposes hereof, “Closing Date Projections” (i) shall mean the projected balance sheets, income statements and statements of cash flows of Holdings and its Subsidiaries for Fiscal Years 2016 through 2020, in each case presented to the Lenders that are not Public Lenders prior to the Effective Date as part of the syndication of the Term Loans and (ii) for the avoidance of doubt, shall not include the First Amendment Projections.

 

The provisions of this Section shall survive the termination of this Amendment, the Credit Agreement, the other Loan Documents and payment in full of the Obligations.

 

8.           Reference to and Limited Effect on the Credit Agreement and the Other Loan Documents.

 

a)           On and after the First Amendment Date, (x) each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement, and (B) each reference in the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof”, “therein” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement after giving effect to this Amendment.

 

b)           Except as specifically amended by this Amendment, the Credit Agreement and each of the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.

 

c)           Except as provided in Section 7a) hereof, the execution, delivery and performance of this Amendment shall not constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of the Agent or Lender under, the Credit Agreement or any of the other Loan Documents.

  

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d)           Each Loan Party hereby (i) ratifies, confirms and reaffirms its liabilities, its payment and performance obligations (contingent or otherwise) and its agreements under the Credit Agreement and the other Loan Documents and (ii) acknowledges, ratifies and confirms that such liabilities, obligations and agreements constitute valid and existing Obligations under the Credit Agreement, in each case, to the extent such Loan Party is a party thereto. In addition, each Loan Party hereby ratifies, confirms and reaffirms (i) the liens and security interests granted, created and perfected under the Collateral Documents and any other Loan Documents and (ii) that each of the Collateral Documents to which it is a party remain in full force and effect notwithstanding the effectiveness of this Amendment.  Without limiting the generality of the foregoing, each Loan Party further agrees (A) that any reference to “Obligations” contained in any Collateral Documents shall include, without limitation, the “Obligations” as such term is defined in the Credit Agreement (as amended by this Amendment) and (B) that the related guarantees and grants of security contained in such Collateral Documents shall include and extend to such Obligations. This Amendment shall not constitute a modification of the Credit Agreement, except as specified under Section 2 hereto, or a course of dealing with the Agent or any Lender at variance with the Credit Agreement such as to require further notice by the Agent or any Lender to require strict compliance with the terms of the Credit Agreement and the other Loan Documents in the future, except as expressly set forth herein. This Amendment contains the entire agreement among the Loan Parties and the First Amendment Consenting Lenders contemplated by this Amendment.  No Loan Party has any knowledge of any challenge to the Agent’s or any Lender’s claims arising under the Loan Documents or the effectiveness of the Loan Documents.  The Agent and Lenders reserve all rights, privileges and remedies under the Loan Documents. Nothing in this Amendment is intended, or shall be construed, to constitute a novation or an accord and satisfaction of any of the Obligations or to modify, affect or impair the perfection, priority or continuation of the security interests in, security titles to or other Liens on any Collateral for the Obligations.

 

e)           Each Loan Party hereby acknowledges that it has reviewed the terms and provisions of this Amendment and consents to the amendment of the Credit Agreement effected pursuant to this Amendment.

 

f)            Each Loan Party that is not a Borrower acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment, such Loan Party is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this Amendment or any other Loan Document shall be deemed to require the consent of such Loan Party to any future amendments to the Credit Agreement.

 

g)           The parties hereto acknowledge and agree that, for all purposes under the Credit Agreement and the other Loan Documents, this Amendment constitutes a “Loan Document” under and as defined in the Credit Agreement.

 

9.           Expenses. The Borrowers and Holdings agree, jointly and severally, to pay on demand all reasonable out-of-pocket costs and expenses incurred by the Agent in connection with the preparation, negotiation and execution of this Amendment, including, without limitation, all attorney costs.

  

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10.           Severability.  Any provision of any this Amendment held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

 

11.           Headings. Section headings used herein are for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment.

 

12.           Conflicts.  In the event of any conflict between the terms of this Amendment and the terms of the Credit Agreement or any of the other Loan Documents, the terms of this Amendment shall govern.

 

[SIGNATURE PAGES FOLLOW]

 

 

 

 

 

 

 

 

 

 

  

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

          

	 	
CHEFS’ WAREHOUSE PARENT, LLC, 

as a Borrower

	 
	 	 	 	 	 
	 	 	 	 	 
	 	By: 	/s/ John Austin	 
	 	 	Name: 	
John Austin

	 
	 	 	Title: 	
Chief Financial Officer

	 	 	 	 	 

          

	 	
DAIRYLAND USA CORPORATION, 

as a Borrower

	 
	 	 	 	 	 
	 	 	 	 	 
	 	By: 	/s/ John Austin	 
	 	 	Name: 	
John Austin

	 
	 	 	Title: 	
Chief Financial Officer

	 	 	 	 	 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

  

  

  

     

	  	
ALLEN BROTHERS 1893, LLC,

	  
	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
BEL CANTO FOODS, LLC,

	  
	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
CW LV REAL ESTATE LLC,

	  
	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
DEL MONTE CAPITOL MEAT COMPANY HOLDINGS, LLC,

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
DEL MONTE CAPITOL MEAT COMPANY, LLC,

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
MICHAEL’S FINER MEATS, LLC,

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	
[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

   

	  	
MICHAEL’S FINER MEATS HOLDINGS, LLC

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
QZ ACQUISITION (USA), INC.,

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
QZINA SPECIALTY FOODS (AMBASSADOR), INC.,

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
QZINA SPECIALTY FOODS NORTH AMERICA (USA), Inc.,

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	
QZINA SPECIALTY FOODS, INC., 

a Washington Corporation

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
QZINA SPECIALTY FOODS, INC., 

a Florida Corporation

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	
[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

   

	  	
THE CHEFS’ WAREHOUSE MIDWEST, LLC,

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
THE CHEFS’ WAREHOUSE MID-ATLANTIC, LLC

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
THE CHEFS’ WAREHOUSE OF FLORIDA, LLC,

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
THE CHEFS’ WAREHOUSE PASTRY DIVISION, INC.,

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
THE CHEFS’ WAREHOUSE WEST COAST, LLC,

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
THE CHEFS’ WAREHOUSE, INC.,

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	
THE GREAT STEAKHOUSE STEAKS, LLC,

	  	  	  	  	  
	  	
By

	
/s/ John Austin

	  
	  	  	
Name:

	

John Austin

	  
	  	  	
Title:

	

Chief Financial Officer

	  
	  	  	  	  	  
	 
	
[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

	  	
JEFFERIES FINANCE LLC, 

as Administrative Agent and as Collateral Agent

	  	  	  	  	  
	  	  	  	  	  
	  	
By

	  /s/ J. Paul McDonnell	  
	  	  	
Name:

	J. Paul McDonnell	  
	  	  	
Title:

	

Managing Director

	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	
[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
1828 CLO Ltd. ,

as a Lender

By: Guggenheim Partners Investment Management, LLC as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	 
/s/ Kaitlin Trinh

	 
	 	 	 
Name:

	 
Kaitlin Trinh

	 
	 	 	 
Title:

	 
Authorized Person

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
 
 
A Voce CLO, Ltd. ,

as a Lender

By: Invesco Senior Secured Management, Inc. as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	 
/s/ Kevin Egan

	 
	 	 	 
Name:

	 
Kevin Egan

	 
	 	 	 
Title:

	 
Authorized Individual

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
AG Diversified Income Master Fund, L.P. ,

as a Lender

BY: Angelo, Gordon & Co., L.P., as Fund Advisor

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	 
/s/ Maureen D’ Alleva

	 
	 	 	 
Name:

	 
 
Maureen D’ Alleva

	 
	 	 	 
Title:

	 
Authorized Signatory

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

 

	  	  	  	  	  
	  	
 
Allstate Insurance Company,

as a Lender

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Chris Goergen	 
	 	 	 
Name:

	Chris Goergen	 
	 	 	 
Title:

	 
Authorized Signatory

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	/s/ Mark Pittman	  
	  	  	
Name:

	Mark Pittman	  
	  	  	
Title:

	 
Authorized Signatory

	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
AIMCO CLO, Series 2014-A, as a Lender

 

By:  Allstate Investment Management Company as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Chris Goergen	 
	 	 	 
Name:

	Chris Goergen	 
	 	 	 
Title:

	Authorized Signatory	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	/s/ Mark Pittman	  
	  	  	
Name:

	Mark Pittman	  
	  	  	
Title:

	Authorized Signatory	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
AIMCO CLO, Series 2015-A, as a Lender

 

By:  Allstate Investment Management Company as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Chris Goergen	 
	 	 	 
Name:

	Chris Goergen	 
	 	 	 
Title:

	Authorized Signatory	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	/s/ Mark Pittman	  
	  	  	
Name:

	Mark Pittman	  
	  	  	
Title:

	Authorized Signatory	  
	  	  	  	  	  

 

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
ALM V, Ltd. ,

as a Lender

By: Apollo Credit Management (CLO), LLC, as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joe Moroney	 
	 	 	 
Name:

	Joe Moroney	 
	 	 	 
Title:

	 
Vice President

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
ALM VI, Ltd. ,

as a Lender

By: Apollo Credit Management (CLO), LLC, as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joe Moroney	 
	 	 	 
Name:

	Joe Moroney	 
	 	 	 
Title:

	 
Vice President

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
ALM XI, Ltd. ,

as a Lender

By: Apollo Credit Management (CLO), LLC, 

as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joe Moroney	 
	 	 	 
Name:

	Joe Moroney	 
	 	 	 
Title:

	 
Vice President

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
ALM XII, Ltd. ,

as a Lender

By: Apollo Credit Management (CLO), LLC, 

as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joe Moroney	 
	 	 	 
Name:

	Joe Moroney	 
	 	 	 
Title:

	 
Vice President

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
ALM XIV, LTD. ,

as a Lender

BY: Apollo Credit Management (CLO), LLC, as its collateral manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joe Moroney	 
	 	 	 
Name:

	Joe Moroney	 
	 	 	 
Title:

	 
Vice President

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
ALM XIX, LTD. ,

as a Lender

by Apollo Credit Management (CLO), LLC, as its collateral manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joseph Moroney	 
	 	 	 
Name:

	 
Joseph Moroney

	 
	 	 	 
Title:

	 
Vice President

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
ALM XVI, LTD. ,

as a Lender

by Apollo Credit Management (CLO), LLC, 

as its collateral manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joseph Moroney	 
	 	 	 
Name:

	 
Joseph Moroney

	 
	 	 	 
Title:

	 
Vice President

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
ALM XVII, Ltd. ,

as a Lender

by Apollo Credit Management (CLO), LLC, as its collateral manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joseph Moroney	 
	 	 	 
Name:

	 
Joseph Moroney

	 
	 	 	 
Title:

	 
Vice President

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
ALM XVIII, LTD. ,

as a Lender

by Apollo Credit Management (CLO), LLC, 

as its collateral manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joseph Moroney	 
	 	 	 
Name:

	 
Joseph Moroney

	 
	 	 	 
Title:

	 
Vice President

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
American General Life Insurance Company ,

as a Lender

By: Invesco Senior Secured Management, Inc. as

Investment Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Kevin Egan	 
	 	 	 
Name:

	Kevin Egan	 
	 	 	 
Title:

	Authorized Individual	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
 
American Home Assurance Company ,

as a Lender

By: Invesco Senior Secured Management, Inc. as Investment Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Kevin Egan	 
	 	 	 
Name:

	Kevin Egan	 
	 	 	 
Title:

	Authorized Individual	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
AMMC CLO 15, LIMITED ,

as a Lender

BY: American Money Management Corp., as Collateral

Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ David P. Meyer	 
	 	 	 
Name:

	David P. Meyer	 
	 	 	 
Title:

	Senior Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
AMMC CLO 16, LIMITED ,

as a Lender

By: American Money Management Corp., 

as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ David P. Meyer	 
	 	 	 
Name:

	David P. Meyer	 
	 	 	 
Title:

	Senior Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
AMMC CLO 18, LIMITED ,

as a Lender

By: American Money Management Corp., 

as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ David P. Meyer	 
	 	 	 
Name:

	David P. Meyer	 
	 	 	 
Title:

	Senior Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
AMMC CLO XIII, LIMITED ,

as a Lender

By: American Money Management Corp., as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ David P. Meyer	 
	 	 	 
Name:

	David P. Meyer	 
	 	 	 
Title:

	Senior Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	 
Annisa CLO, Ltd. ,

 
By: Invesco Senior Secured Management, Inc. as

Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Egan, Kevin	 
	 	 	 
Name:

	Egan, Kevin	 
	 	 	 
Title:

	M	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Apollo Credit Funding V Ltd. ,

as a Lender

By Apollo ST Fund Management LLC, as its collateral manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joseph Glatt	 
	 	 	 
Name:

	Joseph Glatt	 
	 	 	 
Title:

	Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Apollo Credit Funding VI Ltd. ,

as a Lender

By: Apollo ST Fund Management LLC, as its collateral manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joseph Glatt	 
	 	 	 
Name:

	Joseph Glatt	 
	 	 	 
Title:

	Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Apollo Lincoln Fixed Income Fund, L.P. ,

as a Lender

 
BY: Apollo Lincoln Fixed Income Management, LLC,

its investment manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joseph Glatt	 
	 	 	 
Name:

	Joseph Glatt	 
	 	 	 
Title:

	Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

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Apollo Senior Floating Rate Fund Inc. ,

 
as a Lender

 
BY: Account 631203

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joe Moroney	 
	 	 	 
Name:

	Joe Moroney	 
	 	 	 
Title:

	 
Vice President

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Apollo Tactical Income Fund Inc ,

 
as a Lender

 
BY: Account 361722

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joe Moroney	 
	 	 	 
Name:

	Joe Moroney	 
	 	 	 
Title:

	 
Vice President

	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
 
Apollo TR US Middle Market Loan LLC ,

as a Lender

 
By: Apollo Total Return Master Fund LP, its Member

By: Apollo Total Return Advisors LP, its General Partner

By: Apollo Total Return Advisors GP LLC, its General

Partner

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Joseph Glatt	 
	 	 	 
Name:

	Joseph Glatt	 
	 	 	 
Title:

	Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
 
Arrowpoint CLO 2016-5, Ltd. ,

as a Lender

By: Arrowpoint Asset Management, LLC 

As Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Sanjai Bhonsle	 
	 	 	 
Name:

	Sanjai Bhonsle	 
	 	 	 
Title:

	Portfolio Manager	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
ATRIUM IX ,

as a Lender

By: Credit Suisse Asset Management, LLC, as portfolio manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Thomas Flannery	 
	 	 	 
Name:

	Thomas Flannery	 
	 	 	 
Title:

	Managing Director	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
ATRIUM VIII ,

as a Lender

BY: Credit Suisse Asset Management, LLC, as portfolio manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Thomas Flannery	 
	 	 	 
Name:

	Thomas Flannery	 
	 	 	 
Title:

	Managing Director	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
ATRIUM XI ,

as a Lender

BY: Credit Suisse Asset Management, LLC, as portfolio manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Thomas Flannery	 
	 	 	 
Name:

	Thomas Flannery	 
	 	 	 
Title:

	Managing Director	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Atrium XII ,

 
as a Lender

By: Credit Suisse Asset Management, LLC, as portfolio manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Thomas Flannery	 
	 	 	 
Name:

	Thomas Flannery	 
	 	 	 
Title:

	Managing Director	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
SELHURST FUNDING, LLC ,

 
as a Lender

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ IRFAN AHMED	 
	 	 	 
Name:

	IRFAN AHMED	 
	 	 	 
Title:

	Authorized Signatory	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Betony CLO, Ltd. ,

as a Lender

 
By: Invesco Senior Secured Management, Inc. as

Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Kevin Egan	 
	 	 	 
Name:

	Kevin Egan	 
	 	 	 
Title:

	Authorized Individual	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

	  	  	  	  	  
	  	 
Blue Cross and Blue Shield of Florida, Inc. ,

as a Lender

 
BY: Guggenheim Partners Investment Management, LLC as Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Kaitlin Trinh	 
	 	 	 
Name:

	Kaitlin Trinh	 
	 	 	 
Title:

	Authorized Person	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Blue Hill CLO, Ltd. ,

as a Lender

 
By: Invesco Senior Secured Management, Inc. as

Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Kevin Egan	 
	 	 	 
Name:

	Kevin Egan	 
	 	 	 
Title:

	Authorized Individual	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
 
BOC Pension Investment Fund ,

as a Lender

 
BY: Invesco Senior Secured Management, Inc. as

 
Attorney in Fact

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Kevin Egan	 
	 	 	 
Name:

	Kevin Egan	 
	 	 	 
Title:

	Authorized Individual	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
____Rockwell Collins Master Trust___,

 
as a Lender

 

 
By: AEGON USA Investment Management, LLC,

as Investment Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/Jason Felderman	 
	 	 	 
Name:

	 Jason Felderman	 
	 	 	 
Title:

	Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
____Canoe Floating Rate Income Fund___,

 
as a Lender

 

 
By: AEGON USA Investment Management, LLC,

as Investment Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/Jason Felderman	 
	 	 	 
Name:

	 Jason Felderman	 
	 	 	 
Title:

	Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
____Transamerica  Floating Rate__,

 
as a Lender

 

 
By: AEGON USA Investment Management, LLC,

as Investment Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/Jason Felderman	 
	 	 	 
Name:

	 Jason Felderman	 
	 	 	 
Title:

	Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Cavello Bay Reinsurance Limited ,

as a Lender

By: Sound Point Capital Management, LP as Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Misha Shah	 
	 	 	 
Name:

	Misha Shah	 
	 	 	 
Title:

	CLO Operations Associate	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Cedar Funding II CLO Ltd ,

as a Lender

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Krystle Walker	 
	 	 	 
Name:

	Krystle Walker	 
	 	 	 
Title:

	Associate Director - Settlements	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Cedar Funding III CLO, Ltd. ,

as a Lender

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Krystle Walker	 
	 	 	 
Name:

	Krystle Walker	 
	 	 	 
Title:

	Associate Director - Settlements	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Cedar Funding IV CLO, Ltd. ,

as a Lender

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Krystle Walker	 
	 	 	 
Name:

	Krystle Walker	 
	 	 	 
Title:

	Associate Director - Settlements	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Cedar Funding V CLO, Ltd. ,

as a Lender

 
 
By: AEGON USA Investment Management, LLC,

 
as its Portfolio Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Krystle Walker	 
	 	 	 
Name:

	Krystle Walker	 
	 	 	 
Title:

	Associate Director - Settlements	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Chevron Master Pension Trust ,

as a Lender

By: Guggenheim Partners Investment Management, LLC 

as Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Kaitlin Trinh	 
	 	 	 
Name:

	Kaitlin Trinh	 
	 	 	 
Title:

	Authorized Person	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
 
Citi Loan Funding WF 2016-2 LLC, ,

as a Lender

By: Citibank, N.A.,

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Cynthia Gonzalvo	 
	 	 	 
Name:

	Cynthia Gonzalvo	 
	 	 	 
Title:

	Associate Director	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
City of New York Group Trust ,

 
as a Lender

 
BY: The Comptroller of the City of New York

By: Guggenheim Partners Investment Management, LLC 

as Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Kaitlin Trinh	 
	 	 	 
Name:

	Kaitlin Trinh	 
	 	 	 
Title:

	Authorized Person	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
CLC Leveraged Loan Trust ,

 
as a Lender

 
 
By: Challenger Life Nominees PTY Limited as Trustee

By: Guggenheim Partners Investment Management, LLC as Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Kaitlin Trinh	 
	 	 	 
Name:

	Kaitlin Trinh	 
	 	 	 
Title:

	Authorized Person	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
COMMONWEALTH OF PENNSYLVANIA TREASURY

DEPARTMENT ,

as a Lender

By: Credit Suisse Asset Management, LLC, as investment adviser

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Thomas Flannery	 
	 	 	 
Name:

	Thomas Flannery	 
	 	 	 
Title:

	Managing Director	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Commonwealth of Pennsylvania, Treasury Department - Tuition Account Program ,

as a Lender

BY: Sound Point Capital Management, LP as

Investment Advisor

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Misha Shah	 
	 	 	 
Name:

	Misha Shah	 
	 	 	 
Title:

	CLO Operations Associate	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Commonwealth of Pennsylvania, Treasury Department ,

as a Lender

BY: Sound Point Capital Management, LP as

Investment Advisor

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Misha Shah	 
	 	 	 
Name:

	Misha Shah	 
	 	 	 
Title:

	CLO Operations Associate	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Crestline Denali CLO XIV, LTD. ,

as a Lender

By: Crestline Denali Capital, L.P., collateral manager for Crestline Denali CLO XIV, LTD.

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ John Thacker	 
	 	 	 
Name:

	John Thacker	 
	 	 	 
Title:

	Chief Credit Officer	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
DENALI CAPITAL CLO XI, LTD. ,

 
as a Lender

BY: Crestline Denali Capital, L.P., collateral manager for

DENALI CAPITAL CLO XI, LTD.

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ John Thacker	 
	 	 	 
Name:

	John Thacker	 
	 	 	 
Title:

	Chief Credit Officer	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Denali Capital CLO XII, Ltd. ,

 
 
as a Lender

BY: Crestline Denali Capital, L.P., collateral manager for

DENALI CAPITAL CLO XII, LTD.

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ John Thacker	 
	 	 	 
Name:

	John Thacker	 
	 	 	 
Title:

	Chief Credit Officer	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Diversified Credit Portfolio Ltd. ,

as a Lender

BY: Invesco Senior Secured Management, Inc. as

 
Investment Adviser

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Kevin Egan	 
	 	 	 
Name:

	Kevin Egan	 
	 	 	 
Title:

	Authorized Individual	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
 
US Bank N.A., solely as trustee of the DOLL Trust (for

Qualified Institutional Investors only), (and not in its individual capacity) ,

 
as a Lender

BY: Octagon Credit Investors, LLC

as Portfolio Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ Lauren Basmadjian	 
	 	 	 
Name:

	Lauren Basmadjian	 
	 	 	 
Title:

	Portfolio Manager	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	
By:

	  	  
	  	  	
Name:

	  	  
	  	  	
Title:

	  	  
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Dryden XXIV Senior Loan Fund,

as a Lender

By: PGIM, Inc., as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ PARAG PANDYA	 
	 	 	 
Name:

	PARAG PANDYA	 
	 	 	 
Title:

	VICE PRESIDENT	 
	 	 	 	 	 
	 	 	 	 	 
	  	  	  	  	  

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

   

  

  

  

 

 

	  	  	  	  	  
	  	
 
Dryden XXVI Senior Loan Fund,

as a Lender

By: PGIM, Inc., as Collateral Manager

	  
	  	  	  	  	  
	 	 	 	 	 
	 	 
By:

	/s/ PARAG PANDYA	 
	 	 	 
Name:

	PARAG PANDYA	 
	 	 	 
Title:

	VICE PRESIDENT	 
	 	 	 	 	 
	 	 	 	 	 
	  	  	  	  	  

 

 

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]a101termloanwaivercrossd

Exhibit 10.1  TEMPORARY LIMITED WAIVER AND CONSENT  This TEMPORARY LIMITED WAIVER AND CONSENT (this “Agreement”) is entered into as of September 13, 2016, by and among Basic Energy Services, Inc., as Borrower, the guarantors party hereto (together with Borrower, the “Loan Parties”), the financial institutions party hereto as Lenders under the Credit Agreement (as hereinafter defined), and U.S. Bank National Association, as Administrative Agent for the Lenders (in such capacity, “Agent” and collectively with the Lenders, the “Lender Parties”). RECITALS A.  Borrower, the other Loan Parties, Agent and the Lenders (including the Lenders party hereto) are parties to that certain Credit Agreement, dated as of February 17, 2016 (as has been amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), pursuant to which, among other things, the Lenders agreed, upon the terms and subject to the conditions set forth in the Credit Agreement, to make certain loans to Borrower. B.  Borrower, the other Loan Parties, the Agent and the Lenders party hereto entered into (i) the Temporary Limited Waiver and Consent on August 31, 2016 (the “Collateral Coverage Waiver”) pursuant to which, among other things, such Lenders and the Agent waived, on the terms and subject to the conditions set forth in the Collateral Coverage Waiver, the Borrower’s failure to cause not less than 95% of the Term Loan Priority Collateral (measured exclusive of any proceeds of the Loans held in the Escrow Account) to become subject to a perfected, first priority Lien in favor of the Agent for the benefit of the Secured Parties (prior to all other Liens other than Liens permitted pursuant to Section 7.01 of the Credit Agreement) on or prior to August 31, 2016 (the “Collateral Coverage Default”) and (ii) the Temporary Limited Waiver and Consent on September 1, 2016 (the “Liquidity Waiver” and, together with the Collateral Coverage Waiver, the “Existing Waivers”) pursuant to which, among other things, such Lenders and the Agent waived, on the terms and subject to the conditions set forth in the Liquidity Waiver, any failure of the Borrower and its consolidated Subsidiaries to maintain unrestricted cash balances and Cash Equivalents of at least $50,000,000 (the “Liquidity Event of Default” and, together with the Collateral Coverage Event of Default, the “Waived Events of Default”).   C.  Borrower previously disclosed to the Agent and the Lenders that it has failed to make the interest payment that was due and payable on August 15, 2016 with respect to the Borrower’s 2019 Senior Notes, such 2019 Senior Notes having an aggregate principal amount of more than $15,000,000 (the “Missed Interest Payment”). D.  The Missed Interest Payment will become an “Event of Default” (as defined in the 2019 Senior Note Documents) on September 14, 2016, which will result in an Event of Default pursuant to Section 8.01(e) of the Credit Agreement (the “Anticipated Event of Default” and together with the Waived Events of Default, the “Specified Events of Default”). E.  Borrower has requested that Agent and the Lender Parties (i) temporarily extend the temporary waiver of the Waived Events of Default provided for in the Liquidity 

 

 2 Waiver and Collateral Coverage Waiver and (ii) temporarily waive during the Temporary Limited Waiver Period (as defined below) the Anticipated Event of Default. F.   Borrower has, on or prior to the date hereof, entered into a Treasury Management Services Security and Control Agreement (the “Control Agreement”) by and among Borrower, Bank of America, N.A., as secured party, and Bank of America, N.A., as depository, pursuant to which Borrower has deposited $2,000,000 (the “Pledged Cash”) into the account specified therein as security exclusively for the obligations under that certain Bank of America Corporate Purchasing Card Agreement, between Bank of America, N.A. and Basic Energy Services L.P., dated on or around July 21, 2005 and that certain Commercial Prepaid Card Purchase Agreement between Bank of America, N.A., and the Borrower dated on or around March 14, 2006 (each as amended, supplemented or modified from time to time, collectively, the “Credit Card Program”). G. Upon the terms and subject to the conditions set forth in this Agreement, the Lenders party hereto, which constitute Required Lenders as of the Effective Date (as defined below) have agreed, except as expressly set forth herein, to (i) temporarily extend the temporary waiver of the Waived Events of Default, (ii) temporarily waive the Anticipated Event of Default, in each case, during the Temporary Limited Waiver Period (as defined below) and (iii) consent to the Borrower’s execution and delivery of the Control Agreement and the depositing of the Pledged Cash with Bank of America, N.A. to secure the Credit Card Program and acknowledge that such actions shall not constitute a Default or Event of Default under the Credit Agreement or any other Loan Document (the actions set forth in this clause (iii), the “Specified Credit Card Program Consent”).   NOW, THEREFORE, in consideration of the foregoing, the terms, covenants and conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: SECTION 1.  Definitions. Unless otherwise defined in this Agreement, capitalized terms used herein shall have the meanings ascribed to them in the Credit Agreement.  All references to herein, hereto and words of similar import mean this Agreement. SECTION 2.  Confirmation by Loan Parties of Obligations and the Specified Events of Default. Each Loan Party acknowledges and agrees that, as of the Effective Date, the aggregate outstanding principal balance of the Loans under the Credit Agreement is $164,587,500.00, exclusive of interest, fees, expenses and other amounts that are chargeable or otherwise reimbursable under the Credit Agreement and the other Loan Documents, all of which the Loan Parties hereby acknowledge and agree are outstanding and payable in accordance with the Loan Documents. Each Loan Party further acknowledges and agrees that (x) in addition to any other rights and remedies that the Lender Parties may have under the Loan Documents, at law, in equity or otherwise, in the absence of the Existing Waivers (with respect to the Waived Events of Default only) and the Temporary Limited Waiver, any of the Specified Events of Default would permit the Lender Parties to accelerate all or any portion of the Obligations in accordance with Section 8.02 of the Credit Agreement and (y) with respect to the Specified Events of Default, this 

 

 3 Agreement constitutes a notice of the occurrence of any Default as required by Section 6.03(a) of the Credit Agreement. SECTION 3.  Consent to Credit Card Program; Temporary Limited Waiver; Temporary Limited Waiver of Default Rights and Remedies. (a) In reliance upon the representations, warranties and covenants of the Loan Parties contained in this Agreement, and upon the terms and subject to the conditions of this Agreement, effective as of the Effective Date, each of the Lender Parties hereby (i) agrees to the Specified Credit Card Program Consent and (ii) waives the Specified Events of Default until the Temporary Limited Waiver Period ends in accordance with the terms hereof; provided that nothing herein shall be deemed to permit the Borrower or any Subsidiary to take any action under any Loan Document that is conditioned upon there being no Default or Event of Default existing at the time of such action (such waiver, subject to the limitations set forth in this proviso, the “Temporary Limited Waiver”).  In addition, each of the Lender Parties acknowledges and agrees that during the Temporary Limited Waiver Period no right exists to (and none of the Agent, any Lender or any other Person shall) exercise any right or remedy pursuant to Section 8.02 of the Credit Agreement or pursuant to any other provision of any Loan Document (other than as set forth in the immediately preceding sentence), in each case, arising on account of any Specified Event of Default.  (b) In connection with the Existing Waivers, the Required Lenders requested and the Borrower agreed to pay, effective from and including August 31, 2016 and in accordance with Section 2.08(d) of the Credit Agreement, interest on the principal amount of all outstanding obligations under the Credit Agreement at a fluctuating rate per annum equal to the Default Rate.  Notwithstanding the Temporary Limited Waiver and in consideration of the granting thereof, the Borrower hereby reaffirms its obligation in accordance with Section 2.08(d) of the Credit Agreement to pay the interest on the principal amount of all outstanding obligations under the Credit Agreement at a fluctuating rate per annum equal to the Default Rate so long as any Specified Event of Default or any other Event of Default is continuing.  In addition, the Borrower and each other Loan Party acknowledges and agrees that, so long as any Specified Event of Default or any other Event of Default is continuing, (i) it is not permitted to and it will not take any action  under any Loan Document that is conditioned upon there being no Default or Event of Default existing at the time of such action and (ii) neither the Agent nor any Lender is required to facilitate or otherwise permit any action under any Loan Document that is conditioned upon there being no Default or Event of Default existing at the time of such action. (c) Borrower acknowledges and agrees that the Temporary Limited Waiver is a one-time waiver and is limited to the extent specifically set forth above.  Except for the Specified Events of Default during the Temporary Limited Waiver Period as described in this Section 3, each Loan Party acknowledges and agrees that the Temporary Limited Waiver shall not waive (or be deemed to be or constitute a waiver of) any covenant, term or provision in the Credit Agreement or any other Loan Document (or any breach thereof or any Default or Event of Default) or hinder, restrict or otherwise modify any of the rights and remedies of any of the Lender Parties in respect of any present or future Default or Event of Default (whether or not related to the Specified Events of Default) under the Credit Agreement or any other Loan Document, at law, in equity or otherwise. 

 

 4 (d) Immediately upon the Temporary Limited Waiver Period ending in accordance with the terms hereof, the agreements set forth in Section 3(a) (other than the Specified Credit Card Program Consent) shall be void ab initio. (e) As used herein, the term “Temporary Limited Waiver Period” shall mean the period beginning on the Effective Date and ending on the earliest to occur of (the occurrence of an event described in clause (i), (ii), (iii) or (iv) below, a “Termination Event”): (i) the occurrence or existence of any Event of Default (other than the Specified Events of Default), (ii) notice from the Agent or the Required Lenders of the occurrence or existence of any Temporary Limited Waiver Default (as defined below), (iii) the later of (A) September 28, 2016 or (B) such later date as the Required Lenders and the Borrower may agree in their respective sole discretion or (iv) as of any date the unrestricted cash balances and Cash Equivalents of the Borrower and its consolidated Subsidiaries is less than $33,500,000.  (f) As used herein, the term “Temporary Limited Waiver Default” shall mean the occurrence or existence of any of the following:  (i) any representation or warranty contained in this Agreement shall be incorrect in any material respect as of the Effective Date, provided that if any such representation or warranty is qualified by or subject to a materiality qualification, such representation or warranty shall be incorrect in any respect;  (ii) any Loan Party breaches any provision of this Agreement;  (iii) the initiation of any action by, or any other legal challenge of, any Loan Party or any Affiliate thereof to invalidate or limit the enforceability of any provision of this Agreement or any other Loan Document;  (iv) the failure of the Borrower to enter into a waiver (the “ABL Waiver Agreement”) with the Required Lenders under (and as defined in) the ABL Credit Agreement that is acceptable to the Required Lenders in their sole discretion (it being understood and agreed that in order to be acceptable such waiver, at a minimum, must (A) not provide for (i) the cash collateralization of any letter of credit issued under the ABL Credit Agreement or (ii) the payment of any fee or other amount (other than the reimbursement of reasonable legal expenses or the payment of letter of credit fees at the default rate in accordance with the terms of the ABL Credit Agreement as in effect on the date hereof) to any lender, agent, issuing bank, arranger or similar party under the ABL Credit Agreement and (B) terminate by its terms not earlier than September 28, 2016) prior to 5:00 p.m. New York City time on September 14, 2016 (it being understood that the draft approved by counsel to the Lender Parties on the date hereof is acceptable to the Required Lenders); (v) the failure of the Borrower to enter into a forbearance agreement (the “2019 Senior Notes Forbearance Agreement”) in respect of the Missed Interest Payment with the holders of at least 50% of the aggregate principal amount of the 2019 Senior Notes then outstanding that is  acceptable to the Required Lenders in their sole discretion (it being understood and agreed that in order to be 

 

 5 acceptable such forbearance agreement, at a minimum, must (A) not provide for the payment of any fee or other amount (other than the reimbursement of expenses as provided for in such forbearance agreement) to any holder of the 2019 Senior Notes and (B) terminate by its terms not earlier than September 28, 2016) prior to 5:00 p.m. New York City time on September 14, 2016 (it being understood that the draft approved by counsel to the Lender Parties on the date hereof is acceptable to the Required Lenders);  (vi) (A) the delivery of an “acceleration notice” under (and as defined in) the 2019 Senior Notes Documents by the trustee under the 2019 Senior Notes Documents or the holders of at least 25% of the aggregate principal amount of the 2019 Senior Notes then outstanding or (B) the acceleration of the 2019 Senior Notes or any other exercise of remedies with respect thereto; (vii) (A) the termination of the ABL Waiver Agreement for any reason or (B) any amendment or modification thereto that is adverse to the interests of any Lender Party without the prior written consent of the Required Lenders;  (viii) (A) the termination of the 2019 Senior Notes Forbearance Agreement for any reason or (B) any amendment or modification thereto that is adverse to the interests of any Lender Party without the prior written consent of the Required Lenders; and (ix) on or after the date hereof, the cash collateralization of any letter of credit issued under the ABL Credit Agreement.  (g) Upon the occurrence of a Termination Event, the Temporary Limited Waiver Period shall immediately end without the requirement of any demand, presentment, protest, notice or other action of any kind, all of which Borrower and the other Loan Parties each waives, and the Lender Parties shall be entitled to exercise all rights and remedies available under the Loan Documents and/or applicable law in respect of any Specified Event of Default that has occurred and is continuing.  (h) Any agreement by the Lender Parties to extend the Temporary Limited Waiver Period, if any, must be set forth in writing and signed by a duly authorized signatory of each of the Agent and the Required Lenders.  (i) The Borrower and the other Loan Parties each acknowledge that the Lender Parties have not made any assurances concerning (i) any possibility of an extension of the Temporary Limited Waiver Period, (ii) the manner in which or whether any Specified Event of Default may be resolved or (iii) any additional forbearance, waiver, restructuring or other accommodations. (j) The parties hereto agree that the running of all statutes of limitation and the doctrine of laches applicable to all claims or causes of action that any Lender Party may be entitled to take or bring in order to enforce its rights and remedies against Borrower or any other Loan Party are, to the fullest extent permitted by law, tolled and suspended during the Temporary Limited Waiver Period.  

 

 6 SECTION 4.  Representations of the Loan Parties. To induce Agent and the other Lender Parties to execute and deliver this Agreement, each Loan Party represents, on a several and not joint basis, to the Lender Parties as of the Effective Date that: (a) the execution, delivery and performance by such Loan Party of this Agreement has been duly authorized by all necessary corporate or other organizational action, and  this Agreement is the legal, valid and binding obligation of such Loan Party enforceable against such Loan Party in accordance with its terms;  (b) neither the execution, delivery and performance of this Agreement nor the consummation of the transactions contemplated hereby by such Loan Party will contravene the terms of such Loan Party’s Organization Documents; conflict with or result in any breach or contravention of, or require any payment to be made under, any Contractual Obligation to which such Loan Party is a party or affecting such Loan Party or the properties of such Loan Party or any of its Subsidiaries except for conflicts, breaches or contraventions that could not reasonably be expected to result in a Material Adverse Effect; violate any Law or any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Loan Party or its property is subject; or result in the creation or imposition of any Lien on any property of such Loan Party; (c) other than the Missed Interest Payment and any Specified Event of Default, no Default or Event of Default or Temporary Limited Waiver Default has occurred or is continuing; (d) after giving effect to this Agreement, the representations and warranties contained in the Credit Agreement (other than the representation and warranty contained in Section 5.07 of the Credit Agreement, solely as it relates to the Missed Interest Payment or any Specified Event of Default) and the other Loan Documents are true and correct in all material respects on and as of the Effective Date with the same effect as though made on as and as of such Date, except to the extent that any such representation or warranty expressly relates solely to an earlier date, in which case such representation or warranty is true and correct in all material respects as of such earlier date, provided that if any such representation or warranty referenced in this clause (d) is qualified by or subject to a “material adverse effect” or similar term or qualification, such representation or warranty shall be true and correct in all respects;     (e) the execution, delivery and performance of this Agreement are within the limited liability company, limited partnership, or corporate power and authority of such Loan Party and have been duly authorized by appropriate limited liability company, limited partnership or corporate action and proceedings;     (f) there are no governmental or other third party authorizations, approvals, actions, notices or filings required in connection with the execution, delivery, performance, validity or enforceability of this Agreement, except for the authorizations, approvals, actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect, are required by the Loan Documents, or in the case of any authorization, approval, action, notice or filing from or with a Person other than a Governmental Authority, the failure to have 

 

 7 could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; and    (g)  the Liens under the Loan Documents are valid, subsisting and perfected and secure the Obligations with the priority required by the Loan Documents.  SECTION 5.  Ratification of Liability. Borrower and the other Loan Parties, as debtors, grantors, pledgors, guarantors, assignors, or in other similar capacities in which such parties grant liens or security interests in their properties or otherwise act as accommodation parties or guarantors, as the case may be, under the Loan Documents, hereby ratify and reaffirm all of their payment and performance obligations and obligations to indemnify, contingent or otherwise, under each of such Loan Documents to which it is a party, and ratify and reaffirm their grants of liens on or security interests in their properties (including the Collateral) pursuant to such Loan Documents to which they are a party, respectively, as security for the Obligations under or with respect to the Credit Agreement, and confirms and agrees that such liens and security interests hereafter secure all of the Obligations, including, without limitation, all additional Obligations hereafter arising or incurred pursuant to or in connection with this Agreement, the Credit Agreement or any other Loan Document. Borrower and the other Loan Parties further agree and reaffirm that the Loan Documents to which they are parties now apply to all Obligations as defined in the Credit Agreement (including, without limitation, all additional Obligations hereafter arising or incurred pursuant to or in connection with this Agreement, the Credit Agreement or any other Loan Document). Each such party (i) further acknowledges receipt of a copy of this Agreement, (ii) consents to the terms and conditions of same, and (iii) agrees and acknowledges that each of the Loan Documents remains in full force and effect and is hereby ratified and confirmed.  SECTION 6.  Reference To And Effect Upon The Credit Agreement. (a) Borrower and the other Loan Parties hereby confirm that this Agreement and the other Loan Documents are in full force and effect as of the Effective Date, and that neither Borrower nor any other Loan Party has any right of setoff, recoupment or other offset or any defense, claim or counterclaim with respect to any of the Obligations, the Credit Agreement or any other Loan Document. (b) Except as expressly set forth herein or in the Credit Agreement, the execution, delivery and effectiveness of this Agreement shall not directly or indirectly (i) create any obligation to continue to defer any enforcement action after the occurrence of any Default or Event of Default (including, without limitation, any Temporary Limited Waiver Default), (ii) constitute a consent or waiver of any past, present or future violations of any provisions of the Credit Agreement or any other Loan Documents nor constitute a novation of any of the Loan Documents or of the Obligations under the Credit Agreement or other Loan Documents, (iii) impair, limit, prejudice, amend, modify or operate as a waiver of (A) any terms, conditions, obligations, covenants or agreements of the Credit Agreement or any other Loan Documents or any other document or agreement related thereto, all of which are ratified and affirmed in all respects and shall continue in full force and effect, or (B) any right, power or remedy of any Lender Party, whether such right, power or remedy exists now or in the future, (iv) constitute a consent to any merger or other transaction or to any sale, restructuring or refinancing transaction 

 

 8 or (v) constitute a course of dealing or other basis for altering any Obligations or any other contract or instrument. Except as expressly set forth herein, each Lender Party reserves all of its rights, powers, and remedies under the Credit Agreement, the other Loan Documents and applicable law.  (c) From and after the Effective Date, the term “Loan Documents” in the Credit Agreement and the other Loan Documents shall include, without limitation, this Agreement. (d) This Agreement shall not be deemed or construed to be a satisfaction, reinstatement, novation, amendment or release of the Credit Agreement or any other Loan Document, all of which remain in full force and effect.  SECTION 7.  Costs And Expenses, Etc. Section 10.04 of the Credit Agreement is incorporated herein, mutatis mutandis, as if a part hereof.  SECTION 8.  Governing Law; Consent to Jurisdiction and Venue. This Agreement and the transactions contemplated hereby, and all disputes between the parties under or relating to this Agreement or the facts and circumstances leading to its execution, whether in contract, tort or otherwise, shall be construed in accordance with and governed by the laws (including statutes of limitation) of the State of New York, without regard to conflicts of law principles that would require the application of the laws of another jurisdiction.  Section 10.14 of the Credit Agreement is incorporated herein, mutatis mutandis, as if a part hereof. SECTION 9.  Construction. Section 1.02 of the Credit Agreement is incorporated herein, mutatis mutandis, as if a part hereof. SECTION 10.  Counterparts. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.   SECTION 11.  Severability. Section 10.12 of the Credit Agreement is incorporated herein, mutatis mutandis, as if a part hereof. SECTION 12.  Further Assurances. Borrower and each other Loan Party agrees to take all further actions and execute all further documents as Agent or the Required Lenders may from time to time reasonably request to carry out the transactions contemplated by this Agreement and all other agreements executed and delivered in connection herewith. SECTION 13.  Section Headings. Section headings in this Agreement are included herein for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. SECTION 14.  Notices. All notices, requests, and demands to or upon the respective parties hereto shall be given in accordance with the Credit Agreement.  SECTION 15.  Effectiveness. This Agreement shall become effective at the time (the “Effective Date”) that the following conditions precedent have been satisfied: 

 

 9 (a) the Agent shall have received duly executed signature pages for this Agreement signed by the Agent, the Required Lenders, Borrower and other Loan Parties;  (b) the representations and warranties in this Agreement and the other Loan Documents  shall be true and correct in all material respects on and as of the Effective Date (other than the representation and warranty contained in Section 5.07 of the Credit Agreement, solely as it relates to the Missed Interest Payment and any Specified Events of Default), provided that if any such representation or warranty is qualified by or subject to a materiality qualification, such representation or warranty shall be true and correct in all respects; and (c) other than the Missed Interest Payment and any Specified Event of Default, no Default, Event of Default or Temporary Limited Waiver Default shall have occurred and be continuing as of the Effective Date.   SECTION 16.  Waiver of Jury Trials. Section 10.15 of the Credit Agreement is incorporated herein, mutatis mutandis, as if a part hereof. SECTION 17.  Assignments; No Third Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of Borrower, the other Loan Parties, the Lender Parties and their respective successors and assigns; provided, that none of the parties hereto or any other Lender shall be permitted to delegate any of their respective duties or assign any of their respective rights and remedies hereunder except in accordance with Section 10.06 of the Credit Agreement without the prior written consent of the Required Lenders and the Agent in their sole discretion. No Person other than the parties hereto shall have any rights hereunder or be entitled to rely on this Agreement and all third-party beneficiary rights are hereby expressly disclaimed. SECTION 18.  Final Agreement, Etc.  Section 10.21 of the Credit Agreement is incorporated herein, mutatis mutandis, as if a part hereof. SECTION 19.  Amendments.  This Agreement may not be amended, and no provision hereof may be waived, except by an instrument signed by the Required Lenders and the Loan Parties. [Signature pages to follow] 

 

  SIGNATURE PAGE TO  TEMPORARY LIMITED WAIVER    IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto as of the date first written above.   BASIC ENERGY SERVICES, INC. By:   Name: Alan Krenek Title:  Senior Vice President, Chief Financial Officer, Treasurer and Secretary     

 

  SIGNATURE PAGE TO  TEMPORARY LIMITED WAIVER  GUARANTORS: ACID SERVICES, LLC ADMIRAL WELL SERVICE, INC. BASIC ENERGY SERVICES GP, LLC BASIC ESA, INC. BASIC MARINE SERVICES, INC. CHAPARRAL SERVICE, INC. FIRST ENERGY SERVICES COMPANY GLOBE WELL SERVICE, INC. JETSTAR ENERGY SERVICES, INC. JETSTAR HOLDINGS, INC. JS ACQUISITION LLC LEBUS OIL FIELD SERVICE CO. MAVERICK COIL TUBING SERVICES, LLC MAVERICK SOLUTIONS, LLC MAVERICK STIMULATION COMPANY, LLC MAVERICK THRU-TUBING SERVICES, LLC MCM HOLDINGS, LLC MSM LEASING, LLC PERMIAN PLAZA, LLC PLATINUM PRESSURE SERVICES, INC. SCH DISPOSAL, L.L.C. SLEDGE DRILLING CORP. TAYLOR INDUSTRIES, LLC THE MAVERICK COMPANIES, LLC XTERRA FISHING & RENTAL TOOLS CO.   By:   Name: Alan Krenek Title: Senior Vice President, Chief Financial Officer, Treasurer and Secretary   

 

  BASIC ENERGY SERVICES, L.P.  By:  Basic Energy Services GP, LLC, its sole general partner  By:  Basic Energy Services, Inc., its sole member   By:    Name: Alan Krenek Title: Senior Vice President, Chief Financial Officer, Treasurer and Secretary

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