Document:

EX-4.8

 Exhibit 4.8 

LIMITED LIABILITY COMPANY AGREEMENT 

OF 
 FORUM GLOBAL
HOLDINGS, LLC 
 A Delaware Limited Liability Company 

This LIMITED LIABILITY COMPANY AGREEMENT OF FORUM GLOBAL HOLDINGS,
LLC (this “Agreement”), dated as of August 8, 2014, is adopted, executed and agreed to by the Sole Member (as defined below). 

1. Formation. Effective with the filing of the Certificate (as defined below) on August 8, 2014, pursuant to
Section 2, FORUM GLOBAL HOLDINGS, LLC (the “Company”) was formed as a Delaware limited liability company under and pursuant to the Delaware Limited Liability Company Act (the “Act”). 

2. Term. The Company commenced on the effective date of the filing of the Certificate of Formation (the
“Certificate”) pursuant to the Act and shall have a perpetual existence, unless and until it is dissolved in accordance with Section 9 below. 

3. Registered Office; Registered Agent. The registered office and registered agent of the Company in the State of Delaware shall
be as specified in the Certificate or as determined by the Managers from time to time in the manner provided by applicable law. 
 4.
Purposes. The purposes of the Company are to carry on any lawful business, purpose or activity for which limited liability companies may be formed under the Act. 

5. Sole Member. Forum International Holdings, Inc., a corporation organized under the laws of the State of Delaware, shall be
the sole member of the Company (the “Sole Member”) and, in exchange for the contributions described below, shall hereby subscribe for and receive One (1) Common Share in the Company (the “Shares”),
representing all of the outstanding membership interests in the Company. The Shares shall be certificated and represented by a membership interest certificate in the form of Exhibit A attached hereto which shall be issued upon receipt of the
contributions described below. 
 6. Contributions. Upon execution of this Agreement, the Sole Member shall contribute the
cash and/or property described on Exhibit B hereto in exchange for the Shares (which Shares, for the purposes of this contribution shall be deemed to have a value equal to the cash amount or property value described on Exhibit B). Without creating
any rights in favor of any third party, the Sole Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so. Such additional contributions may be for additional Shares
of the Company or as contributions to the capital of the Company without additional issuances of Shares in the sole discretion of the Sole Manager. 

7. Distributions. The Sole Member shall be entitled to (a) receive all distributions (including, without limitation,
liquidating distributions) made by the Company and (b) enjoy all other rights, benefits and interests in the Company. 

 8. Management. 

(a) Management by Managers. The Company shall be managed by “managers” (as such term is used in the Act) according and subject to the
remaining provisions of this Article 8 and, except as expressly provided in this Agreement, no Member by virtue of having the status of a Member shall have any management power over the business and affairs of the Company or actual or apparent
authority to enter into contracts on behalf of, or to otherwise bind, the Company. The business and affairs of the Company shall be managed by the sole Manager “Sole Manager”) who shall initially be James W. Harris. The Sole
Manager may be replaced at the discretion of the Sole Member. Under the direction of the Sole Manager, the day-to-day activities of the Company shall be conducted on the Company’s behalf by the Officers, who shall be agents of the Company. In
addition to the powers that now or hereafter can be granted under the Act and to all other powers granted under any other provision of this Agreement, the Sole Manager shall have full power and authority to do all things on such terms as they may
deem necessary or appropriate to conduct, or cause to be conducted, the business and affairs of the Company, including (subject to any applicable voting requirements or consent or approval rights of any person, if any, including those contained in
this Agreement or applicable law): (a) the making of any expenditures, the lending or borrowing of money, the assumption or guarantee of, or other contracting for, indebtedness and other liabilities, the issuance of evidences of indebtedness
and the incurring of any other obligations; (b) the making of tax, regulatory and other filings, or rendering of periodic or other reports to governmental or other agencies having jurisdiction over the business or assets of the Company;
(c) the merger or other combination of the Company with or into another person or the conversion of the Company from a limited liability company to any other business entity; (d) the use of the assets of the Company (including cash on
hand) for any purpose consistent with the terms of this Agreement and the repayment of obligations of the Company; (e) the negotiation, execution and performance of any contracts, conveyances or other instruments; (f) the distribution of
Company cash or other property; (g) the selection, engagement and dismissal of Officers, employees and agents, attorneys, accountants, engineers, consultants and contractors and the determination of their compensation and other terms of
employment or hiring; (h) the maintenance of insurance for the benefit of the Company, (i) the acquisition or disposition of assets; (j) the formation of, or acquisition of an interest in, or the contribution of property to, any
person; (k) the control of any matters affecting the rights and obligations of the Company, including the commencement, prosecution and defense of actions at law or in equity and otherwise engaging in the conduct of litigation and the incurring
of legal expense and the settlement of claims and litigation; (1) the indemnification of any person against liabilities and contingencies to the extent permitted by applicable law and this Agreement; (m) the voting of equity interests of
the Company in any other person, including any subsidiary; (n) the issuance of Shares; (o) the approval of operating budgets and capital expenditure budgets; and (p) the sale of all or substantially all of the Company’s assets or
any significant portion thereof. 
 (b) The Sole Manager may appoint certain agents of the Company to be referred to as “officers”
of the Company (and “Officers” in this Agreement) and designate such titles (such as Chief Executive Officer, President, Chief Operating Officer, Vice-President, Secretary and Treasurer) as are customary for corporations
under Delaware law, and such Officers shall have the power, authority and duties described by resolution of the Sole Manager or as is customary for each such position. In addition to or in lieu of Officers, the Sole Manager may authorize any person
to take any action or perform any duties on behalf of the Company (including any action or duty reserved to any particular Officer) and any such person may be referred to as an “authorized person.” An employee or other agent
of the Company shall not be an authorized person unless specifically appointed as such by the Sole Manager. 

  
 2 

 9. Dissolution. The Company shall dissolve and its affairs shall be wound up at
such time, if any. as the Sole Member may elect. No other event (including without limitation, an event described in Section 18-801(a)(4) of the Act) will cause the Company to dissolve. 

10. Liability. 

(a) The Sole Member shall not have any liability for the obligations or liabilities of the Company except to the extent
provided herein or by applicable law. 
 (b) The Company shall indemnify and hold harmless the Sole Member and the Sole
Manager and their respective partners, shareholders, officers, directors, managers, employees, agents and representatives, and the partners, shareholders, officers, directors, managers, employees, agents and representatives of such persons to the
fullest extent permitted by applicable law. 
 11. Amendment. This Agreement may be amended from time to time only by a
written consent executed by the Sole Member. 
 12. Governing Law. THIS AGREEMENT IS GOVERNED BY AND SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE (EXCLUDING ITS CONFLICT-OF-LAWS RULES). 
 [The remainder of this page is
intentionally left blank.] 

  
 3 

 IN WITNESS WHEREOF, the undersigned, being the Sole Member of the Company, has caused this
Agreement to be duly executed as of the date first written above. 
  

			
	FORUM INTERNATIONAL HOLDINGS, INC.
		
	By:	 	/s/ James W. Harris
		 	James W. Harris, President

 LIMITED LIABILITY COMPANY AGREEMENT

 OF 

FORUM GLOBAL HOLDINGS, LLC 

 EXHIBIT A 

FORM OF COMMON SHARE CERTIFICATE 

THESE SHARES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”,
AND MAY NOT BE OFFERED OR SOLD, UNLESS REGISTERED UNDER THE SECURITIES ACT OR UNLESS AN EXEMPTION FROM REGISTRATION IS AVAILABLE (AND, IN SUCH CASE, AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY SHALL HAVE BEEN DELIVERED TO THE
COMPANY TO THE EFFECT THAT SUCH OFFER OR SALE IS NOT REQUIRED TO BE REGISTERED UNDER THE SECURITIES ACT). THESE SHARES ARE SUBJECT TO CERTAIN VOTING AGREEMENTS, RESTRICTIONS ON TRANSFER AND OTHER TERMS AND CONDITIONS SET FORTH IN THE LIMITED
LIABILITY COMPANY AGREEMENT OF THE COMPANY, DATED AS OF AUGUST 8, 2014 (AS SUCH AGREEMENT MAY BE FURTHER AMENDED OR RESTATED FROM TIME TO TIME), A COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY AT ITS PRINCIPAL EXECUTIVE OFFICES. 

Certificate of Common Shares in FORUM GLOBAL HOLDINGS, LLC 

Certificate No. [     ] 

FORUM GLOBAL HOLDINGS, LLC, a Delaware limited liability company (the “Company”), hereby certifies that
[                    ] (the “Holder”) is the registered owner of
[            ] Common Shares in the Company (the “Common Shares”). The rights, preferences and limitations of the Common Shares are set forth in the Limited
Liability Company Agreement of the Company dated as of August 8, 2014, as further amended or restated or supplemented from time to time (the “LLC Agreement”), a copy of which is on file at the principal office of the
Company. 
 This Certificate and the Common Shares evidenced hereby are not negotiable or transferable except as provided in the LLC
Agreement referred to therein or as consented to or approved by the Sole Member. This Certificate and the Common Shares evidenced hereby are governed by Article 8 of the Uniform Commercial Code. 

 

					
	 Dated:
[                    ]
	 		 	FORUM GLOBAL HOLDINGS, LLC
			
	  
	 		 	By:                                     
                         
	  
	 		 	Name:                                     
                     
		 		 	Title:                                    
                  

 EXHIBIT B 

CONTRIBUTIONS 
  

					
	 Member
	  	Contributed Cash or Property	 
	 FORUM INTERNATIONAL HOLDINGS, INC.
	  	£	100EX-4.9

 Exhibit 4.9 
  

					
		 		 	 State of Delaware

Secretary of State

Division of Corporations

Delivered 05:10 PM 05/08/2007

FILED 05:10 PM 05/08/2007

SRV 070536448 - 4348809 FILE

 CERTIFICATE OF FORMATION 

OF 
 ARC GLOBAL TUBING,
LLC 
 The undersigned, being a person authorized to form a limited liability company under the Delaware Limited Liability Company Act,
hereby adopts the following Certificate of Formation for such limited liability company: 
  

	1.	The name of the limited liability company is ARC Global Tubing, LLC. 

  

	2.	The address of its registered office and registered agent in the State of Delaware is 615 South Dupont Highway, Kent County, Dover, DE 19901. The name of its registered agent at such address is Capitol Services, Inc.

 IN WITNESS WHEREOF, the undersigned has executed this Certificate of Formation of ARC Global Tubing, LLC as of May 8, 2007.

  

	
	     //s// DOUGLAS FREEL

	Douglas Freel,
	Authorized Person

 ARC GLOBAL TUBING, L.P. 

4300,400 3RD Avenue SW 

Calgary, Alberta T2P 4H2 
 Canada

 May 8, 2007 
 Delaware Secretary of State

 Division of Corporations 
 401 Federal Street - Suite 4 

Dover Delaware 19901 
  

	 	Re:	Consent to Use of Similar Name 

 To whom it may concern: 

Please accept this letter as formal consent from the undersigned limited liability company to the use of the name “ARC Global Tubing,
LLC” in connection with the formation of a Delaware limited liability company. 
  

			
	 Sincerely,
  

ARC GLOBAL TUBING, L.P.

		
	By:	 	ARC Global Tubing GP, LLC.
		 	Its General Partner
		
		 	     //s// NANCY SMITH

		 	Nancy Smith, Manager

					
		 		 	 State of Delaware

Secretary of State

Division of Corporations

Delivered 05:11 PM 07/02/2013

FILED 05:11 PM 07/02/2013

SRV 130842950 - 4348809 FILE

 CERTIFICATE OF AMENDMENT 

TO 
 CERTIFICATE OF
FORMATION 
 OF 

ARC GLOBAL TUBING, LLC 

ARC GLOBAL TUBING, LLC, a limited liability company organized and existing under the Delaware Limited Liability Company Act (6 Del. C. §
18-101 et. seq.) of the State of Delaware does hereby certify: 
 FIRST: The name of the limited liability company is ARC Global
Tubing, LLC. 
 SECOND: The Certificate of Formation of the limited liability company is hereby amended to reflect a change in the name of
the limited liability company by deleting Section 1 of the Certificate of Formation in its entirety and adding the following: 
  

	 	1.	The name of the limited liability company is Forum Global Tubing LLC (the “Company”).” 

THIRD: The Certificate of Formation of the limited liability company is hereby amended to reflect a change in the name of the registered agent
by deleting the text of Section 2 of the Certificate of Formation in its entirety and adding the following: 
  

	 	2.	The address of the registered office of the Company in the State of Delaware is 1209 Orange Street, New Castle County, Wilmington, DE 19801, and the registered agent for services of process on the Partnership at such
address required to be maintained in accordance with Section 17-104 of the Delaware Limited Liability Company Act shall be The Corporation Trust Company. 

IN WITNESS WHEREOF, the undersigned has executed this Certificate of Amendment of the Company on this 2nd day of July, 2013. 

 

			
	 /s/ James W. Harris

	By:	 	James W. Harris
	Title:	 	President

 FORUM GLOBAL TUBING LP 

4300, 400 3rd Avenue SW 

Calgary, Alberta T2P 4H2 
 Canada

 July 2, 2013 
 Delaware Secretary of State

 Division of Corporations 
 401 Federal Street - Suite 4 

Dover, DE 19901 
  

	 	Re:	Consent to Use of Similar Name 

 To Whom It May Concern: 

Please accept this letter as formal consent from the undersigned limited liability company to the use of the name “Forum Global Tubing
LLC” in connection with the formation of a Delaware limited liability company. 
  

			
	Sincerely,
	
	FORUM GLOBAL TUBING LP
		
	By:	 	 ARC Global Tubing GP, L.L.C.,
 its general
partner

		
		 	 /s/ James W. Harris

		 	James W. Harris
		 	Manager

					
	 State of Delaware

Secretary of State

Division of Corporations

Delivered 05:52 PM 07/09/2013

FILED 05:40 PM 07/09/2013

SRV 130860388 - 4348809 FILE
	 		 	

 STATE OF DELAWARE 

CERTIFICATE OF AMENDMENT CHANGING ONLY THE 

REGISTERED OFFICE OR REGISTERED AGENT OF A 

LIMITED LIABILITY COMPANY 
 The limited
liability company organized and existing under the Limited Liability Company Act of the State of Delaware, hereby certifies as follows: 
 1. The name of
the limited liability company is Forum Global Tubing LLC. 
 2. The Registered Office of the limited liability company in the State of Delaware is
changed to 160 Greentree Drive, Suite 101 (street), in the City of Dover, Zip Code 19904. The name of the Registered Agent at such address upon whom process against this limited liability company may be served is National
Registered Agents, Inc.. 
  

			
	By:	 	 /s/ John Ivascu

		 	Authorized Person
		
	Name:	 	 John Ivascu, Authorized Person

		 	Print or Type

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