Document:

exv4w27

 

EXHIBIT 4.27

Officers’ Certificate and Guarantors’ Officers’ Certificate

Pursuant to Sections 201 and 301 of the Indenture

Dated: April 3, 2006

          Charles F. Carroll, Vice President, Deputy General Counsel and Corporate Secretary, and Kelly
Masuda, the Senior Vice President and Treasurer, of KB Home, a Delaware corporation (the
“Company”), and Tony Richelieu, the Secretary, and Kelly M. Allred, the Vice President and
Treasurer, of KB Home Phoenix Inc., an Arizona corporation, KB Home Coastal Inc., a California
corporation, KB Home North Bay Inc., a California corporation, KB Home South Bay Inc., a California
corporation, KB Home Greater Los Angeles Inc., a California corporation, KB Home Colorado Inc., a
Colorado corporation, KB Home Nevada Inc., a Nevada corporation, and KBSA, Inc., a Texas
corporation (the “General Partner”) and general partner of KB Home Lone Star LP, a Texas limited
partnership (the “Partnership”) (collectively and including, without limitation, the Partnership
but excluding the General Partner, the “Guarantors”), hereby certify as follows:

          The undersigned, having read the appropriate provisions of the Indenture dated as of January
28, 2004 (the “Original Indenture”), as amended and supplemented by the First Supplemental
Indenture dated as of January 28, 2004 (the “First Supplemental Indenture”) and the Second
Supplemental Indenture dated as of June 30, 2004 (the “Second Supplemental Indenture”; the Original
Indenture, as amended and supplemented by the First Supplemental Indenture and the Second
Supplemental Indenture, is hereinafter called the “Indenture”), each among the Company, the
Guarantors and SunTrust Bank, as trustee (the “Trustee”), including Sections 103, 201, 301 and 303
thereof and the definitions in such Indenture relating thereto, and certain other corporate and
partnership documents and records, and having made such examination and investigation as, in the
opinion of the undersigned, each considers necessary to enable the undersigned to express an
informed opinion as to whether or not the conditions set forth in the Indenture relating to the
establishment of the terms of the Company’s 71/4% Senior Notes due 2018 (the “Notes”) and the form of
certificate evidencing the Notes have been complied with, and whether the conditions in the
Indenture relating to the authentication and delivery by the Trustee of the Notes have been
complied with, certify that (1) the terms of the Notes were established by resolutions duly adopted
by unanimous written consent of the Executive Committee of the Board of Directors of the Company
(the “Executive Committee”) on March 27, 2006 and by the undersigned officers of the Company
pursuant to authority delegated to them by resolutions duly adopted by unanimous written consent of
the Board of Directors of the Company on November 8, 2004 and by unanimous written consent of the
members of the Executive Committee on March 27, 2006 (collectively, the “Company Resolutions”) and
such terms are as set forth in the Annex I hereto, and the issuance, form and terms of the Notes
were approved and the guarantees of the Notes and all related Guaranteed Obligations (as defined in
the Indenture) by the Guarantors were approved and confirmed by resolutions duly adopted by the
Board of Directors of each Guarantor (other than the Partnership) and of the General Partner on
March 27, 2006 (collectively, the “Guarantors’ Resolutions”) and by the undersigned officers of
each Guarantor (other than the Partnership) and of the General Partner, on behalf of themselves and
the Guarantors, pursuant to authority delegated to them by resolutions duly adopted by unanimous
written consent of the Board of Directors of each Guarantor (other than the Partnership) and the
General Partner on March 27, 2006, (2) the form of certificate evidencing the Notes was established
and approved by the undersigned pursuant to authority delegated to them by the Company Resolutions
and the Guarantors’ Resolutions and shall be in substantially the form attached as Annex II hereto,
(3) a true, complete and correct copy of the Company Resolutions and the Guarantors’ Resolutions,
which were duly adopted by

 

 

the Board of Directors of the Company and the Executive Committee or by each Guarantor’s Board
of Directors (other than the Partnership) and the Board of Directors of the General Partner, as the
case may be, and are in full force and effect on the date hereof, are attached as exhibits to the
Certificate of the Secretary of the Company of even date herewith, and (4) the form and terms of
the Notes have been established pursuant to Sections 201 and 301 of the Indenture and comply with
the Indenture and, in the opinion of the undersigned, all conditions provided for in the Indenture
(including, without limitation, those set forth in Sections 103, 201, 301 and 303 of the Indenture)
relating to the establishment of the terms of the Notes and the form of certificate evidencing the
Notes, and relating to the authentication and delivery of the Notes, have been complied with.

     This certificate may be executed by the parties hereto in counterparts, each of which when so
executed shall be deemed to be an original, with the same effect as if the signatures thereto and
hereto were on the same instrument, but all such counterparts shall together constitute but one and
the same instrument.

[SIGNATURE PAGE FOLLOWS]

 

 

     IN WITNESS WHEREOF, we have hereunto set our hands as of the date first written above.

	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/S/ CHARLES F. CARROLL
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Charles F. Carroll
	 

	 	 	 	 	 	Vice President, Deputy General Counsel and
	 

	 	 	 	 	 	Corporate Secretary of KB Home
	By:

	 	/S/ KELLY MASUDA	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Kelly Masuda	 	 	 	 
	 

	 	Senior Vice President and	 	 	 	 
	 

	 	Treasurer of KB Home	 	 	 	 

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/S/ TONY RICHELIEU
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Tony Richelieu
	 

	 	 	 	 	 	Secretary of each of the Guarantors (other than the
	 

	 	 	 	 	 	Partnership) and of the General Partner (as such
	 

	 	 	 	 	 	terms are defined in the foregoing Officers’
	 

	 	 	 	 	 	Certificate)
	By:

	 	/S/ KELLY M. ALLRED	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Kelly M. Allred	 	 	 	 
	 

	 	Vice President and Treasurer of each of	 	 	 	 
	 

	 	the Guarantors (other than the	 	 	 	 
	 

	 	Partnership) and of the General Partner	 	 	 	 
	 

	 	(as such terms are defined in the	 	 	 	 
	 

	 	foregoing Officers’ Certificate)	 	 	 	 

 

 

ANNEX I

          Capitalized terms used in this Annex I and not otherwise defined herein have the same
definitions as in the Indenture referred to in the Officers’ Certificate and Guarantors’ Officers’
Certificate of which this Annex I constitutes a part.

          (1) The Securities of the series established hereby shall be known and designated as the 71/4%
Senior Notes due 2018 and are sometimes hereinafter called the “Notes.”

          (2) The aggregate principal amount of the Notes which may be authenticated and delivered under
the Indenture is limited to $300,000,000, except for Notes authenticated and delivered upon
registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections
304, 305, 306, 905 or 1107 of the Indenture; provided, however, such series may be re-opened by the
Company for the issuance of additional Notes of such series, so long as any such additional Notes
have the same form and terms (other than date of issuance and the date from which interest thereon
shall begin to accrue), and carry the same right to receive accrued and unpaid interest, as the
Notes theretofore issued; provided, however, that, notwithstanding the foregoing, such series may
not be reopened if the Company has effected defeasance or covenant defeasance with respect to the
Notes pursuant to Section 402(2) or 402(3), respectively, of the Indenture or has effected
satisfaction and discharge with respect to the Notes pursuant to Section 401 of the Indenture; and
provided, further, that no additional Notes may be issued at a price that would cause such
additional Notes to have “original issue discount” within the meaning of Section 1273 of the
Internal Revenue Code of 1986, as amended.

          (3) The Notes are to be issuable only as Registered Securities without Coupons. The Notes
shall be initially issued in book-entry form and represented by one or more permanent global Notes
deposited with or on behalf of and registered in the name of the Depositary or its nominee (the
“Global Notes”). The initial depositary (the “Depositary”) for the Global Notes shall be The
Depository Trust Company, the depositary arrangements shall be those employed by whoever shall be
the Depositary with respect to the Global Notes from time to time, and the Trustee shall be
entitled to make endorsements on any Global Notes to reflect any increases or decreases in the
principal amount thereof. Notwithstanding the foregoing, certificated Notes in definitive form
(“Certificated Notes”) may be issued in exchange for Global Notes under the circumstances
contemplated by the seventh paragraph of Section 305 of the Original Indenture.

          (4) The Notes shall be sold to the Underwriter at a price of 99.486% of the principal amount
thereof.

          (5) The Stated Maturity of the Notes on which the principal thereof is due and payable shall
be June 15, 2018.

          (6) The principal of the Notes shall bear interest at the rate of 71/4% per annum from April 3,
2006 or from the most recent date to which interest has been paid or duly provided for, payable
semiannually in arrears on June 15 and December 15 (each, an “Interest Payment Date”) of each year,
commencing December 15, 2006, to the Persons in whose names such Notes (or one or more Predecessor
Securities) are registered at the close of business on the June 1 or December 1, respectively,
immediately prior to such Interest Payment Dates (each, a “Regular Record Date”) regardless of
whether such Regular Record Date is a Business Day. Interest on the Notes will be computed on the
basis of a 360-day year consisting of twelve 30-day months. No Additional Amounts shall be payable
on the Notes.

          (7) The Notes are redeemable, as a whole at any time or from time to time in part, at the
option of the Company on the terms and subject to the conditions set forth in the Indenture and in
the

 

 

form of Note which appears as Annex II to the Officers’ Certificate and Guarantors’ Officers’
Certificate of which this Annex I constitutes a part.

          (8) The Notes shall not be repayable or redeemable at the option of the Holders prior to the
Stated Maturity of the principal thereof (except as provided in Article Five of the Indenture) and
shall not be subject to a sinking fund or analogous provision.

          (9) The Borough of Manhattan, The City of New York is hereby designated as a Place of Payment
for the Notes.

          (10) The Company hereby appoints the Trustee, acting through the office of the Trustee located
at c/o SunTrust Robinson Humphrey Capital Markets, 125 Broad Street, 3rd Floor, New
York, New York 10004, in the Borough of Manhattan, The City of New York, as the Company’s Office or
Agency for the purposes specified in Section 1002 of the Indenture; provided, however, subject to
Section 1002 of the Indenture, the Company may at any time remove the Trustee as its Office or
Agency in the Borough of Manhattan, The City of New York designated for such purposes and may from
time to time designate one or more other Offices or Agencies for such purposes and may from time to
time rescind such designation, so long as the Company shall at all times maintain an Office or
Agency for such purposes in the Borough of Manhattan, The City of New York.

          (11) The Notes shall be issued in denominations of $1,000 and integral multiples of $1,000 in
excess thereof.

          (12) The principal of, premium, if any, and interest on the Notes shall be payable in Dollars.

          (13) Sections 402(2) and 402(3) of the Indenture shall apply to the Notes; provided that (i)
the Company may effect defeasance and covenant defeasance pursuant to Sections 402(2) and 402(3),
respectively, only with respect to all (and not less than all) of the Outstanding Notes, and (ii)
the only covenants that shall be subject to covenant defeasance shall be those expressly referred
to in Section 402(3) of the Indenture.

          (14) The Notes shall not be convertible into or exchangeable for other securities.

          (15) Anything in the Indenture or the Notes to the contrary notwithstanding, payments of the
principal of and premium, if any, and interest on the Global Notes shall be made by wire transfer.

          (16) To the extent that any provision of the Indenture or the Notes provides for the payment
of interest on overdue principal of, or premium, if any, or interest on, the Notes, then, to the
extent permitted by law, interest on such overdue principal, premium, if any, and interest shall
accrue at the rate of interest borne by the Notes.

          (17) The Notes shall have such other terms and provisions as are set forth in the form of Note
attached as Annex II to the Officers’ Certificate and Guarantors’ Officers’ Certificate of which
this Annex I constitutes a part, all of which terms and provisions are incorporated by reference in
and made a part of this Annex I as if set forth in full herein.

          (18) As used in the Indenture with respect to the Notes and in the certificates evidencing the
Notes, all references to “premium” on the Notes shall mean any amounts (other than accrued
interest) payable upon the redemption of any Notes in excess of 100% of the principal amount of
such Notes.

 

 

          (19) The Notes shall have the benefit of the Guarantees and the Guarantors hereby confirm that
the principal of and premium, if any, and interest on the Notes and all related Guaranteed
Obligations shall be guaranteed pursuant to the Guarantees and otherwise in accordance with and
subject to the limitations set forth in Article Sixteen of the Indenture.

          (20) The Notes shall rank senior in right of payment to the Company’s 8-5/8% Senior
Subordinated Notes due 2008, 7-3/4% Senior Subordinated Notes due 2010 and 9-1/2% Senior
Subordinated Notes due 2011 (the “Senior Subordinated Notes”) and shall constitute “Senior
Indebtedness” as defined in the Indenture dated as of November 19, 1996, as amended and
supplemented by the First Supplemental Indenture thereto dated as of December 18, 2003 (as so
amended and supplemented, the “Senior Subordinated Indenture”), by and between the Company, the
guarantors party thereto and the Trustee, as successor trustee. Each Guarantor’s Guarantee of the
Notes shall rank senior in right of payment to its guarantee of the Senior Subordinated Notes and
shall constitute “Guarantor Senior Indebtedness” as defined in the Senior Subordinated Indenture.

          (21) Section 101 of the Original Indenture is hereby amended, solely insofar as relates to the
Notes, by deleting the definition of “Subject Notes” appearing in such Section 101 and replacing
such definition with the following:

     “‘Subject Notes’ means, with respect to any series of Securities issued under this
Indenture, (1) Securities of any other series issued under this Indenture and (2) the
Company’s 8-5/8% Senior Subordinated Notes due 2008, 7-3/4% Senior Subordinated Notes due
2010 and 9-1/2% Senior Subordinated Notes due 2011, or any of the foregoing.”exv10w1

 

Exhibit
10.1

AMENDMENT NO. 1

     This Amendment No. 1 (this “Amendment”) is dated as of March 28, 2006 and is to the Third
Amended and Restated Credit Agreement, dated as of October 3, 2003, amended and restated as of
November 17, 2003, and December 21, 2004, and as further amended and restated as of December 15,
2005 (the “Credit Agreement”), among BASIC ENERGY SERVICES, INC., a Delaware corporation
(“Borrower”), the Subsidiary Guarantors party thereto, the Lenders party thereto, UBS LOAN FINANCE
LLC, as Swingline Lender and as a Lender, BANK OF AMERICA, N.A., as Syndication Agent, HIBERNIA
NATIONAL BANK, as co-documentation agent, BNP PARIBAS, as co-documentation agent and UBS AG,
STAMFORD BRANCH, as Issuing Bank, as administrative agent (in such capacity, “Administrative
Agent”) for the Lenders and as Collateral Agent for the Secured Parties and the Issuing Bank. All
capitalized terms used herein and not otherwise defined herein shall have the respective meanings
provided such terms in the Credit Agreement.

W I T N E S S E T H:

     WHEREAS, Section 11.02 of the Credit Agreement permits the Credit Agreement to be amended from
time to time with the written consent of the Required Lenders;

     NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:

     SECTION ONE Amendments.

     (a) The definition of “Debt Issuance” shall be replaced in its entirety with the following:

     “Debt Issuance” shall mean the incurrence by Borrower or any of its Subsidiaries of any
Indebtedness after the Closing Date (other than as permitted by Sections 6.01(a) through
(f) and (h) through (j)).

     (b) The definition of “LC Commitment” shall be amended by replacing “$20.0 million” with
“$30.0 million”.

     (c) The definition of “Leases” shall be amended by adding the following sentence at the end
thereof:

     “Notwithstanding the foregoing, the definition of Leases shall not include Capital Lease
Obligations.”

 

 

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     (d) The definition of “Permitted Subordinated Indebtedness” shall be replaced in its entirety
with the following:

     ““Permitted Unsecured Indebtedness” shall mean senior or senior subordinated debt of the
Borrower, (i) the terms of which (a) do not provide for any scheduled repayment, mandatory
redemption or sinking fund obligations prior to 90 days after the Term B Maturity Date, (b) do not
materially and adversely restrict or limit the ability of Borrower or any of its subsidiaries to
perform their obligations under any of the Loan Documents and (c) to the extent subordinated debt,
provides for customary subordination of the obligations under the Loan Documents and (ii) the
covenants, events of default, subsidiary guarantees, credit support and subordination terms are
customary for similar offerings by issuers with credit ratings comparable to that of the issuer of
such debt and the subordination terms are otherwise satisfactory to the Administrative Agent.”

     (e) The term “Permitted Subordinated Indebtedness” shall be replaced with the term “Permitted
Unsecured Indebtedness” in each instance such term appears in the Credit Agreement (being
Section 6.01(g), twice in Section 6.09 and in Section 6.10).

     (f) The phrase “or any Permitted Unsecured Indebtedness” shall be inserted following the words
“relating to the Loans” in the definition of “Secured Parties.”

     (g) The first paragraph of Section 2.10(h) of the Credit Agreement shall be amended and
replaced in its entirety with the following:

     “(h) Application of Prepayments. Any prepayments of Loans pursuant to Section
2.10(c), (d), (e) or (f) shall be applied to reduce scheduled payments
of Term B Loans required under Section 2.09(a) on a pro rata basis among the payments due
on each Term B Loan Repayment Date based on the payments then due on each Term B Loan Repayment
Date. After application of mandatory prepayments described above in this paragraph (h) and to the
extent there are mandatory prepayment amounts remaining after such application, (1) any outstanding
Revolving Loans shall be repaid ratably among the Revolving Lenders in accordance with their
applicable Revolving Commitments in an aggregate amount equal to such excess and (2) in the event
any such mandatory prepayments of Revolving Loans are made pursuant to Sections 2.10(c) or
(f) or, other than with respect to Permitted Unsecured Indebtedness, Section
2.10(d), the Revolving Commitments shall be reduced ratably among the Revolving Lenders in
accordance with their applicable Revolving Commitments in an aggregate amount equal to such amount
prepaid pursuant to clause (1) of this paragraph (h), and Borrower shall comply with Section
2.10(b).”

     (h) Section 2.18(b) of the Credit Agreement shall be amended by replacing “$20.0 million” with
“$30.0 million”.

 

 

-3-

     (i) Section 5.01(h) of the Credit Agreement shall be amended by replacing “each fiscal month”
with “each fiscal quarter”.

     (j) Section 5.10 of the Credit Agreement shall be amended and replaced in its entirety with
the following:

     “SECTION 5.10. Interest Rate Protection . Borrower shall maintain or cause
to be maintained, until the earlier of (i) the date on which all Term B Loans are discharged or
paid in accordance with the terms hereof and (ii) through May 28, 2006, Interest Rate Agreements
acceptable to the Administrative Agent that result in at least $65,000,000 of the aggregate
principal amount of Borrower’s Consolidated Indebtedness being effectively subject to a fixed or
maximum interest rate acceptable to the Administrative Agent.”

     (k) Section 6.01(c) of the Credit Agreement shall be amended by replacing it in its entirety
with the following:

     “(c) Indebtedness of any Company under Interest Rate Agreements entered into in order to fix
the effective rate of interest on the Loans in compliance with Section 5.10 and such other
non speculative Interest Rate Agreements which may be entered into from time to time by any Company
and which such Company in good faith believes will provide benefits or protection with respect to
Indebtedness then outstanding, and permitted to remain outstanding, pursuant to the other
provisions of this Section 6.01;”

     (l) Section 6.02(f) of the Credit Agreement shall be amended by replacing “$1,000,000” with
“$10.0 million”.

     (m) Section 6.02(n) of the Credit Agreement shall be amended by replacing “$5.0 million” with
“$10.0 million”.

     (n) Section 6.04(l) of the Credit Agreement shall be amended and replaced in its entirety with
the following:

     “(l) scheduled payments of Earn Out Obligations.”

     (o) Section 6.06(b) of the Credit Agreement shall be amended by inserting the following clause
at the beginning thereof:

     “Until such date (the “Permitted Unsecured Indebtedness Trigger Date”) as Borrower has issued
at least $200 million of Permitted Unsecured Indebtedness in compliance with this Agreement, ”

     (p) Section 6.06 of the Credit Agreement shall be further amended by inserting the following
new Section 6.06(c):

 

 

-4-

     “(c) On and after the Permitted Unsecured Indebtedness Trigger Date, Borrower may pay cash
Dividends from time to time, so long as:

      (i) no (A) Event of Default exists or (B) (on a pro forma basis after giving
effect to payment of such Dividends) Default would result therefrom at the time of
declaration thereof and, either

      (ii) the amount of such Dividend does not exceed (A) 50% of Consolidated Net
Income for the period (taken as one accounting period) commencing on the first day
of the fiscal quarter ending after the Permitted Unsecured Indebtedness Trigger Date
to and including the last day of the fiscal quarter ended immediately prior to the
date of such calculation for which consolidated financial statements are available
(or, if such Consolidated Net Income shall be a deficit, minus 100% of such
aggregate deficit), minus (B) the aggregate amount of all other Dividends made after
the Third Amendment and Restatement Effective Date (including, for the avoidance of
doubt, Dividends made pursuant to clause (iii), below, of this Section 6.06(c)); or

      (iii) the aggregate amount of such Dividend, when combined with all other
Dividends paid during the same fiscal year does not exceed $10 million.”

     (q) Section 6.16 of the Credit Agreement shall be deleted in its entirety.

     (r) Section 8.01(f) of the Credit Agreement shall be amended by replacing “$1.0 million” with
“$10.0 million”.

     (s) Section 8.01(g) of the Credit Agreement shall be amended by adding the following
parenthetical at the end of clause (iii):

     “(excluding, for purposes of clarification, any Liens on bonds or other collateral posted
pursuant to a court order while there exists an effective stay of enforcement of a judgment)”

     SECTION TWO Conditions to Effectiveness. This Amendment shall become effective as of
the date hereof (the “Effective Date”) if the Administrative Agent shall have received (i)
counterparts of this Amendment executed by the Borrower, (ii) signature pages to this Amendment
executed by the Issuing Bank and a number of Lenders sufficient to constitute the Required Lenders
and (iii) payment from the Borrower for the account of each Lender which shall have delivered to
the Administrative Agent a copy of this Amendment No. 1 executed by such Lender before 5:00 p.m.
New York City time on March 28, 2006, an amendment fee equal to 0.10% of such Lender’s total
Commitments. The effectiveness of this Amendment is further conditioned upon the accuracy of the
representations and warranties set

 

 

-5-

forth in Section Three hereof and the payment of the fees and expenses of Cahill Gordon &
Reindel LLP, counsel to the Administrative Agent.

     SECTION THREE Representations and Warranties; Covenants. In order to induce the
Required Lenders to enter into this Amendment, each Borrower represents and warrants to each of the
Lenders that both before and immediately after giving effect to this Amendment: (a) no Default or
Event of Default has occurred and is continuing and (b) all of the representations and warranties
in the Credit Agreement and in the other Loan Documents are true and complete in all material
respects on and as of the date hereof as if made on the date hereof (or, if any such representation
or warranty is expressly stated to have been made as of a specific date, as of such specific date).

     SECTION FOUR Reference to and Effect on the Credit Agreement. On and after the
Effective Date, each reference in the Credit Agreement to the “Agreement,” “hereunder,” “hereof” or
words of like import referring the Credit Agreement, and each reference in each of the Loan
Documents to “the Credit Agreement,” “thereunder,” “thereof” or words of like import referring to
the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this
Amendment. The Credit Agreement and each of the other Loan Documents, as specifically amended by
this Amendment, are and shall continue to be in full force and effect and are hereby in all
respects ratified and confirmed. The execution, delivery and effectiveness of this Amendment shall
not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any
Lender or any Agent under any of the Loan Documents, or constitute a waiver of any provision of any
of the Loan Documents.

     SECTION FIVE Costs and Expenses. Whether or not the Effective Date occurs, the
Borrower agrees to pay all reasonable costs and expenses of the Administrative Agent in connection
with the preparation, execution and delivery of this Amendment and the other instruments and
documents to be delivered hereunder, if any (including, without limitation, the reasonable fees and
expenses of Cahill Gordon & Reindel LLP , counsel to the Administrative Agent).

     SECTION SIX Execution in Counterparts. This Amendment may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute but one
and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment
by facsimile shall be effective as delivery of a manually executed counterpart of this Amendment.

     SECTION SEVEN Lender Signatures. Each Lender that signs a signature page to this
Amendment shall be deemed to have approved this Amendment and shall be further deemed for the
purposes of the Loan Documents to have approved this Amendment. Each Lender signatory to this
Amendment agrees that such Lender shall not be entitled to re

 

 

-6-

ceive a copy of any other Lender’s signature page to this Amendment, but agrees that a copy of
such signature page may be delivered to Borrowers and the Administrative Agent.

     SECTION EIGHT Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO ANY PROVISIONS THEREOF
RELATING TO CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION).

[Signature Pages Follow]

 

 

     IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to
be duly executed and delivered as of the date first above written.

	 	 	 	 	 
	 	BASIC ENERGY SERVICES, INC.,

as Borrower

 	 
	 	By:  	/s/
Alan Krenek 	 
	 	 	Name:  	Alan Krenek 	 
	 	 	Title:  	Vice President, Chief Financial Officer and Treasurer 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	UBS AG, STAMFORD BRANCH, as
Administrative Agent and Issuing Bank

 	 
	 	By:  	/s/
Irja R. Otsa 	 
	 	 	Name:  	Irja R. Otsa	 
	 	 	Title:  	Associate Director
Banking Products Services,
US	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	
/s/ Pamela Oh 	 
	 	 	Name:  	Pamela Oh	 
	 	 	Title:  	Associate Director
Banking Products Services,
US

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