Document:

Exhibit 10.13

 

SUBSCRIPTION AGREEMENT

 

SUBSCRIPTION AGREEMENT
(this “Agreement”) made as of this 18th day of September,
2006 for the benefit of TransTech Services Partners Inc., a Delaware
corporation (the “Company”), having its principal place of business at 445
Fifth Avenue, Suite 30H, New York, New York, and by the person or entity
listed on the signature page hereto under the heading “Subscriber” (the “Subscriber”).

 

WHEREAS, the Company
desires to sell an aggregate of 166,667 units (the “Units”), consisting
of one share of the Company’s common stock, par value $.0001 per share (the “Common
Stock”), and one warrant exercisable for one share of Common Stock (the “Warrants”),
for a per Unit purchase price of $6.00 (i.e., an aggregate purchase
price of at least $1,000,000); and

 

WHEREAS, the offer and
sale of the Units (the “Offering”) are being made in reliance upon the
provisions of Regulation D (“Regulation D”) promulgated by the
Securities and Exchange Commission (the “SEC”) under the Securities Act
of 1933, as amended (the “Securities Act”);

 

NOW, THEREFORE, for and
in consideration of the premises and the mutual covenants hereinafter set
forth, the Company and the Subscriber do hereby agree as follows

 

1.                                       Agreement to Subscribe

 

1.1                                 Purchase and Issuance of the Units. The Subscriber is hereby
subscribing for the number of Units indicated on the signature page hereto
by the caption, “Number of Units Being Subscribed” (the “Subscriber’s Units”),
which Subscriber’s Units will be issued to the Subscriber, or his affiliates or
designees. The aggregate purchase price for the Subscriber’s Units (the “Purchase
Price”) is indicated on the signature page hereto by the caption, “Purchase
Price”.

 

1.2                                 Delivery of the Purchase Price. Upon execution of this
Agreement, the Subscriber is hereby bound to fulfill his or its obligations
hereunder and hereby irrevocably commits to deliver to the Company on the date
of Closing (as hereinafter defined) the Purchase Price by bank check, wire
transfer or such other form of payment as shall be acceptable to the
Company, in its sole and absolute discretion, at the Closing. Any such check
delivered to the Company shall be made payable to the order of “TransTech
Services Partners Inc.”  The Company
shall deposit the Purchase Price into the trust account described in the
registration statement (and any amendment thereto) (the “Registration
Statement”) filed with the SEC relating to the Company’s proposed initial
public offering of up to 6,900,000 units of Common Stock and the Warrants (the “IPO”).
Subject to Section 5, the certificates for the Common Stock and Warrants
comprising the Subscriber’s Units shall be delivered to the Purchaser promptly
following the Closing.

 

1.3                                 Closing. The closing of the Offering
(the “Closing”) shall take place at the offices of the Company prior to
the effective date of the IPO.

 

 

2.                                       Representations and Warranties
of the Subscriber

 

The Subscriber represents
and warrants to the Company that:

 

2.1                                 No Government Recommendation or
Approval. The
Subscriber understands that no U.S. federal or state agency or similar agency
of any other country, has passed upon or made any recommendation or endorsement
of the Company or the Offering of the Units.

 

2.2                                 Investment Representations. The Subscriber is purchasing
the Units for its or his own account without a view to any distribution thereof
in violation of the Securities Act. The Subscriber represents that it (he) (i) is
an “Accredited Investor” as that term is defined under Rule 501 under the
Securities Act; (ii) has no contract, undertaking, agreement or
arrangement with any person to sell, transfer or pledge to such person or
anyone else the Units, the shares of Common Stock and the Warrants comprising
the Units and the shares of Common Stock issuable upon exercise of the Warrants
(the “Warrant Shares” and together with the Units, the shares of Common
Stock and the Warrants comprising the Units, the “Securities”), or any part thereof;
(iii) has sufficient knowledge and experience in business matters to
evaluate the merits and risks of the investment; (iv) has no need for
liquidity of its or his investment and (v) would be able to bear the
economic risk of a complete loss of its or his proposed investment hereunder. The
Subscriber acknowledges that none of the Securities have been registered by the
Company under the Securities Act and agrees that the Securities may only
be transferred if registered under the Securities Act or pursuant to an
exemption from such registration requirements. The Subscriber understands that Rule 144
promulgated under the Securities Act is not presently available with respect to
the Securities.

 

The
Subscriber acknowledges, agrees and covenants that it (he) will not engage in
hedging transactions with regard to the Securities, unless in compliance with
the Securities Act. The Subscriber agrees that if any transfer of the Units or
any interest therein is proposed to be made, as a condition precedent to such
transfer, the Subscriber may be required to deliver to the Company an
opinion of a counsel satisfactory to the Company.

 

2.3                                 Independent Investigation. The Subscriber, in making the
decision to purchase the Units, has relied upon an independent investigation of
the Company and has not relied upon any information or representations made by
any third parties or upon any oral or written representations or assurances
from the Company, its officers, directors or employees or any other
representatives or agents of the Company, other than as set forth in this
Agreement. The Subscriber is familiar with the business, operations and
financial condition of the Company and has had an opportunity to ask questions
of, and receive answers from, the Company’s officers and directors concerning
the Company and the terms and conditions of the offering of the Units and has
had full access to such other information concerning the Company as the
Subscriber has requested.

 

2.4                                 Authority. This Agreement has been
validly authorized, executed and delivered by the Subscriber and is a valid and
binding agreement enforceable against the Subscriber in accordance with its
terms, subject to the general principles of equity and to bankruptcy or other
laws affecting the enforcement of creditors’ rights generally. The execution,

 

2

 

delivery and performance of this Agreement by
the Subscriber does not and will not conflict with, violate or cause a breach
of any agreement, contract or instrument to which the Subscriber is a party.

 

2.5                                 No Legal Advice from Company. The Subscriber acknowledges
that he or it has had the opportunity to review this Agreement and the
transactions contemplated by this Agreement and the other agreements entered
into between the parties hereto with the Subscriber’s own legal counsel and
investment and tax advisors. Except for any statements or representations of
the Company made in this Agreement and the other agreements entered into
between the parties hereto, the Subscriber is relying solely on such counsel
and advisors and not on any statements or representations of the Company or any
of its representatives or agents for legal, tax or investment advice with
respect to this investment, the transactions contemplated by this Agreement or
the securities laws of any jurisdiction.

 

2.6                                 Reliance on Representations and
Warranties. The
Subscriber understands that the Units are being offered and sold to the
Subscriber in reliance on specific provisions of U.S. federal and state
securities laws and that the Company is relying upon the truth and accuracy of
the representations, warranties, agreements, acknowledgments and understandings
of the Subscriber set forth in this Agreement in order to determine the
applicability of such provisions.

 

2.7                                 No Advertisements. The undersigned is not
subscribing for the Units as a result of or subsequent to any advertisement,
article, notice or other communication published in any newspaper, magazine, or
similar media or broadcast over television or radio, or presented at any
seminar or meeting.

 

2.8                                 Legend. The Subscriber acknowledges and
agrees that the shares of Common Stock and the Warrants comprising the Units,
and when issued the Warrant Shares, shall bear restricted legends (the “Legends”),
in the form and substance as set forth in Section 4 hereof,
prohibiting the offer, sale, pledge or transfer of the securities, except (i) pursuant
to an effective registration statement filed under the Securities Act, (ii) pursuant
to an exemption from registration provided by Rule 144 under the
Securities Act (if available), or (iii) pursuant to any other exemption
from the registration requirements of the Securities Act.

 

3.                                       Representations and Warranties
of the Company

 

The Company represents
and warrants to the Subscriber that:

 

3.1                                 Valid Issuance of Capital Stock. The total number of shares of
all classes of capital stock which the Company has authority to issue is 29,000,000
shares of Common Stock and 1,000,000 shares of preferred stock. As of the date
hereof, the Company has 1,541,667 shares of Common Stock issued and outstanding
and no shares of preferred stock issued and outstanding. All of the issued
shares of capital stock of the Company have been duly authorized, validly
issued, and are fully paid and non-assessable.

 

3.2                                 Organization and Qualification. The Company is a corporation
duly incorporated and existing in good standing under the laws of the state of
Delaware and has the

 

3

 

requisite corporate power to own its
properties and assets and to carry on its business as now being conducted.

 

3.3                                 Authorization; Enforcement. (i) The Company has the
requisite corporate power and authority to enter into and perform its
obligations under this Agreement and to issue the Securities in accordance with
the terms hereof, (ii) the execution, delivery and performance of this
Agreement by the Company and the consummation by it of the transactions
contemplated hereby have been duly authorized by all necessary corporate
action, and no further consent or authorization of the Company or its Board of
Directors or stockholders is required, and (iii) this Agreement
constitutes valid and binding obligations of the Company enforceable against
the Company in accordance with its terms, except as such enforceability may be
limited by applicable bankruptcy, insolvency, fraudulent conveyance,
moratorium, reorganization, or similar laws relating to, or affecting generally
the enforcement of, creditors’ rights and remedies or by equitable principles
of general application and except as enforcement of rights to indemnity and
contribution may be limited by federal and state securities laws or
principles of public policy.

 

3.4                                 No Conflicts. The execution, delivery and
performance of this Agreement and the consummation by the Company of the
transactions contemplated hereby do not (i) result in a violation of the
Company’s Certificate of Incorporation or By-laws or (ii) conflict with,
or constitute a default under any agreement, indenture or instrument to which
the Company is a party. Other than any SEC or state securities filings which may be
required to be made by the Company subsequent to the Closing, and any
registration statement which may be filed pursuant thereto, the Company is
not required under federal, state or local law, rule or regulation to
obtain any consent, authorization or order of, or make any filing or
registration with, any court or governmental agency or self-regulatory entity
in order for it to perform any of its obligations under this Agreement or
issue the Securities in accordance with the terms hereof.

 

4.                                       Legends; Denominations

 

4.1                                 Legends. The Company will issue the Units,
shares of Common Stock, the Warrants, and when issued the Warrant Shares,
purchased by the Subscriber in the name of the Subscriber and in such
denominations to be specified by the Subscriber prior to the Closing. The Securities
will bear the following Legends and appropriate “stop transfer” instructions:

 

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THESE
SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED
EXCEPT (A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER THE
SECURITIES ACT, (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY
RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (C) PURSUANT TO
ANY OTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT,
IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF
THE UNITED STATES OR ANY OTHER JURISDICTION. HEDGING TRANSACTIONS

 

4

 

INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED
UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.

 

THESE SECURITIES ARE SUBJECT TO A CERTAIN STOCK ESCROW
AGREEMENT, A COPY OF WHICH IS FILED WITH THE COMPANY’S CORPORATE BOOKS AND
RECORDS.

 

4.2                                 Subscriber’s Compliance. Nothing in this Section 4
shall affect in any way the Subscriber’s obligations and agreement to comply
with all applicable securities laws upon resale of the Securities.

 

4.3                                 Company’s Refusal to Register
Transfer of Securities.
The Company shall refuse to register any transfer of the Securities, not made
in accordance with (i) pursuant to an effective registration statement
filed under the Securities Act, or (ii) pursuant to an available exemption
from the registration requirements of the Securities Act.

 

5.                                       Escrow.

 

The Subscriber shall, as
specified in a Stock Escrow Agreement which the Company will enter into with
the Subscriber and an escrow agent acceptable to the Company, escrow the Subscriber’s
Units for a period commencing on the Closing Date and ending on the earlier of (i) the
third anniversary of the Closing Date, and (ii) the first anniversary of
the Business Combination (as hereinafter defined). As used herein, a “Business
Combination” shall mean an acquisition by merger, capital stock exchange,
asset or stock acquisition, or other similar business combination with one or
more business services providers selected by the Company.

 

6.                                       Waiver of Liquidation
Distributions.

 

In connection with the Subscriber’s
Units purchased pursuant to this Agreement, the Subscriber hereby waives any
and all right, title, interest or claim of any kind in or to any liquidating
distributions by the Company in the event of a liquidation of the Company upon the
Company’s failure to timely complete a Business Combination. For purposes of
clarity, in the event the Subscriber purchases shares of Common Stock in the
IPO or in the aftermarket such shares shall be eligible to receive any
liquidating distributions by the Company. The Subscriber shall have no
conversion rights (as described in the Registration Statement) in connection
with a Business Combination.

 

7.                                       Rescission Right Waiver and
Indemnification

 

7.1                                 The Subscriber understands and
acknowledges that an exemption from the registration requirements of the
Securities Act requires that there be no general solicitation of purchasers of
the Units. In this regard, if the offering of the units in the Company’s
initial public offering were deemed to be a general solicitation with respect
to the Subscriber’s Units, the offer and sale of such Units may not be
exempt from registration and, if not, the Subscriber may have a right to
rescind its purchases of the Subscriber’s Units. In order to facilitate the
completion of the placement contemplated hereby and in order to protect the
Company, its stockholders and the trust account described in the Registration
Statement from claims that may adversely affect the Company or the
interests of its stockholders, the Subscriber hereby agrees to waive, to the

 

5

 

maximum extent permitted by applicable law,
any claims, right to sue or rights in law or arbitration, as the case may be,
to seek rescission of its purchase of the Units. The Subscriber acknowledges
and agrees that this waiver is being made in order to induce the Company to
sell the Units to the Subscriber. The Subscriber agrees that the foregoing
waiver of rescission rights shall apply to any and all known or unknown actions,
causes of action, suits, claims, or proceedings (collectively, “Claims”)
and related losses, costs, penalties, fees, liabilities and damages, whether
compensatory, consequential or exemplary, and expenses in connection therewith,
including reasonable attorneys’ and expert witness fees and disbursements and
all other expenses reasonably incurred in investigating, preparing or defending
against any Claims, whether pending or threatened, in connection with any
present or future actual or asserted right to rescind the purchase of the Units
hereunder or relating to the purchase of the Units and the transactions
contemplated hereby.

 

7.2                                 The Subscriber agrees not to
seek recourse against the trust account described in the Registration Statement
for any reason whatsoever in connection with its purchase of the Units or any
Claim that may arise now or in the future.

 

7.3                                 The Subscriber acknowledges and
agrees that the stockholders of the Company are and shall be third-party
beneficiaries of the foregoing provisions of this Agreement.

 

7.4                                 The Subscriber agrees that to
the extent any waiver of rights under this Section 7 is ineffective as a
matter of law, the Subscriber has offered such waiver for the benefit of the
Company as an equitable right that shall survive any statutory disqualification
or bar that applies to a legal right. The Subscriber acknowledges the receipt
and sufficiency of consideration received from the Company hereunder in this
regard.

 

8.                                       Voting of Shares.

 

The Subscriber hereby
agrees to vote all of the shares of Common Stock acquired by the Subscriber
pursuant to this Agreement in favor of any Business Combination that the
Company negotiates and presents for approval to the Company’s stockholders.

 

9.                                       Registration Rights.

 

The Subscriber shall have
registration rights with respect to the Securities pursuant to the terms of a
Registration Rights Agreement to be entered into among the Company and certain
of its security holders (including the Subscriber).

 

10.                                 Governing Law; Jurisdiction;
Waiver of Jury Trial

 

This Agreement shall be
governed by and construed in accordance with the laws of the State of New York
applicable to contracts made and to be performed wholly within said State,
without giving effect to the conflict of laws principles thereof. The
Subscriber irrevocably submits to the exclusive jurisdiction of the courts of
the State of New York located in New York County and the United District Court
for the Southern District of New York. The parties hereto hereby waive any
right to a jury trial in connection with any litigation pursuant to this
Agreement and the transactions contemplated hereby.

 

6

 

11.                                 Assignment; Entire Agreement;
Amendment

 

11.1                           Assignment. Neither this Agreement nor any
rights hereunder may be assigned by any party to any other person other
than by the Subscriber to a person agreeing to be bound by the terms hereof.

 

11.2                           Entire Agreement. This Agreement sets forth the
entire agreement and understanding between the parties as to the subject matter
thereof and merges and supersedes all prior discussions, agreements and
understandings of any and every nature among them.

 

11.3                           Amendment. Except as expressly provided
in this Agreement, neither this Agreement nor any term hereof may be
amended, waived, discharged or terminated other than by a written instrument
signed by the party against whom enforcement of any such amendment, waiver,
discharge, or termination is sought.

 

11.4                           Binding Upon Successors. This Agreement shall be
binding upon and inure to the benefit of the parties hereto and to their
respective heirs, legal representatives, successors and permitted assigns.

 

12.                                 Notices; Indemnity

 

12.1                           Notices. Unless otherwise provided
herein, any notice or other communication to a party hereunder shall be
sufficiently given if in writing and personally delivered or sent by facsimile
with copy sent in another manner herein provided or sent by courier (which for
all purposes of this Agreement shall include Federal Express or other recognized
overnight courier) or mailed to said party by certified mail, return receipt
requested, at its address provided for herein or such other address as either may designate
for itself in such notice to the other and communications shall be deemed to
have been received when delivered personally, on the scheduled arrival date
when sent by next day or 2-day courier service, or if sent by facsimile upon
receipt of confirmation of transmittal or, if sent by mail, then three days
after deposit in the mail.

 

12.2                           Indemnification. Each party shall indemnify the
other against any loss, cost or damages (including reasonable attorney’s fees
and expenses) incurred as a result of such party’s breach of any
representation, warranty, covenant or agreement in this Agreement.

 

13.                                 Counterparts

 

This Agreement may be
executed in any number of counterparts, each of which shall be enforceable
against the parties actually executing such counterparts, and all of which
together shall constitute one instrument.

 

14.                                 Survival; Severability

 

14.1                           Survival. The representations,
warranties, covenants and agreements of the parties hereto shall survive the
Closing.

 

7

 

14.2                           Severability. In the event that any
provision of this Agreement becomes or is declared by a court of competent
jurisdiction to be illegal, unenforceable or void, this Agreement shall
continue in full force and effect without said provision; provided that no such
severability shall be effective if it materially changes the economic benefit
of this Agreement to any party.

 

15.                                 Titles and Subtitles

 

The titles and subtitles
used in this Agreement are used for convenience only and are not to be
considered in construing or interpreting this Agreement.

 

Name of the Subscriber:  TSP Ltd.

 

Number of Units Being Subscribed: 166,667

 

Aggregate Purchase Price: U.S.$1,000,000

 

Date of Subscription: September 18, 2006

 

Place of Residency and/or Principal Place of Business:

 

	
  c/o Canon's Court

  
	
  22 Victoria Street

  
	
  Hamilton HM12

  
	
  Bermuda

  
	
  Telephone:

  	
   

  	
   

  	
   

  
	
  Fax:

  	
   

  	
   

  	
   

  
					

 

8

 

This subscription is
accepted by the Company on the 18th day of September, 2006.

 

	
   

  	
  TRANSTECH SERVICES PARTNERS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Suresh Rajpal

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Suresh Rajpal

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Chief Executive Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SUBSCRIBER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TSP Ltd.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ LM Singh

  	
   

  
	
   

  	
   

  	
  Name:

  	
  LM Singh

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Director

  	
   

  
									

 

9Exhibit 4.1  

SECOND SUPPLEMENTAL INDENTURE 

        SECOND
SUPPLEMENTAL INDENTURE (this "Supplemental Indenture"), dated as of
August 29, 2002 among each of the subsidiaries of Key Energy Services, Inc., a Maryland corporation (the "Company"), listed on
Schedule I attached hereto (each a "New Guarantor" and collectively, the "New
Guarantors"), the Company, the subsidiaries of the Company listed on Schedule II attached hereto (the
"Existing Guarantors"), and U.S. Bank National Association, as trustee under the indenture referred to below (the
"Trustee").

W I T N E S S E T H 

        WHEREAS,
the Company has heretofore executed and delivered to the Trustee an indenture dated as of February 27, 2002 (the "Base
Indenture"), as supplemented by the First Supplemental Indenture dated as of March 1, 2002 (the "Supplemental Indenture"
and together with the Base Indenture, the "Indenture"), pursuant to which the Company has issued an aggregate outstanding principal amount of
$275.0 million of 83/8% Senior Notes due 2008 (the "Notes"); 

        WHEREAS,
the Existing Guarantors have heretofore executed and delivered a senior note guarantee which is endorsed upon each of the Notes (the "Senior
Guarantee"); 

        WHEREAS,
Section 1020 of the Indenture provides that under certain circumstances the Subsidiaries (as defined in the Indenture) which are not then Guarantors must execute and
deliver to the Trustee a supplemental indenture pursuant to which such Subsidiaries shall jointly and severally, unconditionally guarantee, on a senior basis, all of the Company's Obligations under
the Notes and the Indenture on the terms and conditions set forth herein and be deemed to have executed and delivered the Senior Guarantee; 

        WHEREAS,
pursuant to Section 901 of the Base Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture; and 

        NOW
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each New Guarantor, the Existing Guarantors,
the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

        1.     CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the
Indenture. 

        2.     AGREEMENT TO GUARANTEE. Each New Guarantor hereby jointly and severally, unconditionally guarantees, on a senior basis, to
each Holder of a Note authenticated and delivered (or to be authenticated and delivered) by the Trustee and to the Trustee and its successors and assigns, each such Note and the obligations of the
Company thereunder or under the Indenture, on the terms set forth in Article Fourteen of the Indenture and agrees to be bound by all applicable provisions of the Indenture, including the provisions of
Section 1401 of the Indenture. From and after the date hereof, each New Guarantor shall be deemed to have executed and delivered the Indenture and the Senior Guarantee which is endorsed upon
each of the Notes authenticated and delivered (or to be authenticated and delivered) by the Trustee pursuant to the Indenture. 

        3.     NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of
any New Guarantor, as such, shall have any liability for any obligations of the Company or any New Guarantor under the Notes, the Senior Guarantee, the Indenture or this Supplemental Indenture or for
any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are
part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against
public policy. 

 

        4.     RELEASES.

        (a)   In
the event of a sale or other disposition of all of the assets of any New Guarantor, by way of merger, consolidation or otherwise, or a sale or other disposition of
all the Capital Stock of any New Guarantor, in each case to a Person that is not (either before or after giving effect to such transactions) a Subsidiary of the Company, then such New Guarantor (in
the event of a sale or other
disposition, by way of merger, consolidation or otherwise, of all of the capital stock of such New Guarantor) will be released and relieved of any obligations under the Indenture and its Senior
Guarantee, if immediately after giving effect to such sale, there is no Default or Event of Default that has occurred and is continuing. If such New Guarantor is not released and relieved of its
obligations under its Senior Guarantee because a Default or Event of Default has occurred and is continuing immediately after giving effect to such sale, such New Guarantor will be released and
relieved of such obligations as soon thereafter as all Default and Events of Default have been waived or cured. The Trustee shall execute any documents reasonably requested in order to evidence the
release of any New Guarantor, pursuant to the provisions of Section 1404 of the Indenture, from its obligations under its Senior Guarantee. 

        (b)   Any
New Guarantor not released from its obligations under its Senior Guarantee shall remain liable for the full amount of principal of and interest on the Notes and for
the other obligations of any Guarantor under the Indenture as provided in Article Fourteen of the Indenture. 

        5.     GOVERNING LAW. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS, OTHER THAN THE
CHOICE OF LAW PROVISIONS, OF THE STATE OF NEW YORK. 

        6.     COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. 

        7.     EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof. 

        8.     THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or
sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by each New Guarantor and the Company. 

[SIGNATURES ON FOLLOWING PAGE]  

2

 

        IN
WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written. 

	Dated: August 29, 2002	 	 	 	 
	

 	
 	
NEW GUARANTORS:
	

 	
 	
MISR KEY ENERGY SERVICES, LLC

Q SERVICES, INC.

Q.V. SERVICES, INC.

UNITRAK SERVICES HOLDING, INC.
	

 	
 	

By:	
 	

/s/ Jack D. Loftis, Jr.

	 	 	Name:	 	Jack D. Loftis, Jr.
	 	 	Title:	 	Vice President and Secretary of each corporation listed above
	

 	
 	

BROOKS WELL SERVICING BENEFICIAL, L.P.

by the sole general partner, Brooks Well Servicing, Inc.

KEY ENERGY DRILLING BENEFICIAL, LP

by the sole general partner, Key Energy Drilling, Inc.

UNITRAK SERVICES, L.P.

by the sole general partner, Unitrak Services Holding, Inc.

WELLTECH MID-CONTINENT BENEFICIAL, LP

by the sole general partner, WellTech Mid-Continent, Inc.

YALE E. KEY BENEFICIAL, LP

by the sole general partner, Yale E. Key, Inc.
	

 	
 	

By:	
 	

/s/ Jack D. Lofits, Jr.

	 	 	Name:	 	Jack D. Loftis, Jr.
	 	 	Title:	 	Vice President and Secretary of each corporate general partner listed above
	

 	
 	

Q ENERGY SERVICES, L.L.C.

Q OIL & GAS SERVICES, LLC

BROOKS WELL SERVICING, LLC

KEY ENERGY DRILLING, LLC

UNITRAK SERVICES, LLC

YALE E. KEY, LLC

WELLTECH MID-CONTINENT, LLC
	

 	
 	

By:	
 	

/s/ Jack D. Loftis, Jr.

	 	 	Name:	 	Jack D. Loftis, Jr.
	 	 	Title:	 	Manager of each limited liability company listed above
	 	 	 	 	 

3

 

	

 	
 	

AES ACQUISITION, L.P. (d/b/a AMERICAN ENERGY SERVICES)

QUALITY TUBULAR SERVICES, L.P.

QUALITY OIL FIELD SERVICES, L.P.

Q PRODUCTION SERVICES, L.P.

Q.V. SERVICES OF TEXAS, L.P.
	

 	
 	

By:	
 	

Q OIL & GAS SERVICES, LLC, the sole general partner of each limited partnership listed above
	

 	
 	

By:	
 	

/s/ Jack D. Loftis, Jr.

	 	 	Name:	 	Jack D. Loftis, Jr.
	 	 	Title:	 	Manager
	

 	
 	
THE COMPANY:
	

 	
 	

KEY ENERGY SERVICES, INC.
	

 	
 	

By:	
 	

/s/ Jack D. Loftis, Jr.

	 	 	Name:	 	Jack D. Loftis, Jr.
	 	 	Title:	 	Senior Vice President and Secretary
	

 	
 	
EXISTING GUARANTORS:
	

 	
 	

YALE E. KEY, INC., KEY ENERGY DRILLING, INC., WELLTECH EASTERN, INC., ODESSA EXPLORATION INCORPORATED, KALKASKA OILFIELD SERVICES, INC., WELL-CO OIL SERVICE, INC., KEY ROCKY MOUNTAIN, INC., KEY FOUR CORNERS, INC.,
BROOKS WELL SERVICING, INC., KEY ENERGY SERVICES—SOUTH TEXAS, INC., KEY ENERGY SERVICES—CALIFORNIA, INC., WATSON OILFIELD SERVICE & SUPPLY, INC., WELLTECH MID-CONTINENT, INC., DAWSON PRODUCTION MANAGEMENT,
 INC., DAWSON PRODUCTION TAYLOR, INC., DAWSON PRODUCTION ACQUISITION CORP.
	

 	
 	

By:	
 	

/s/ Jack D. Loftis, Jr.

	 	 	Name:	 	Jack D. Loftis, Jr.
	 	 	Title:	 	Vice President
	

 	
 	

DAWSON PRODUCTION PARTNERS, L.P.
	 	 	By:	 	DAWSON PRODUCTION MANAGEMENT INC.,

ITS SOLE GENERAL PARTNER
	

 	
 	

By:	
 	

/s/ Jack D. Loftis, Jr.

	 	 	Name:	 	Jack D. Loftis, Jr.
	 	 	Title:	 	Vice President
	 	 	 	 	 

4

 

	

 	
 	
THE TRUSTEE:
	

 	
 	

U.S. BANK, NATIONAL ASSOCIATION

as Trustee
	

 	
 	

By:	
 	

/s/  FRANK P. LESLIE, III      
 Authorized Signatory

5

 
SCHEDULE I  

Brooks
Well Servicing, L.L.C. 

Brooks
Well Servicing Beneficial, L.P. 

Key
Energy Drilling, L.L.C. 

Key
Energy Drilling Beneficial, L.P. 

MISR
Key Energy Services, L.L.C. 

Well
Tech Mid-Continent, L.L.C. 

Well
Tech Mid-Continent Beneficial, L.P. 

Yale
E. Key, L.L.C. 

Yale
E. Key Beneficial, L.P. 

Unitrak
Services, L.L.C. 

Unitrak
Services, L.P. 

Unitrak
Services Holding, Inc. 

Q
Services, Inc. 

Q.V.
Services, Inc. 

Q
Energy Services, L.L.C. 

Q
Oil and Gas Services, L.L.C. 

AES
Acquisition, L.P. (d/b/a American Energy Services) 

Quality
Tubular Services, L.P. 

Quality
Oil Field Services, L.P. 

Q
Production Services, L.P. 

Q.V.
Services of Texas, L.P. 

6

 
SCHEDULE II  

YALE
E. KEY, INC., 

KEY
ENERGY DRILLING, INC., 

WELLTECH
EASTERN, INC., 

ODESSA
EXPLORATION INCORPORATED, 

KALKASKA
OILFIELD SERVICES, INC., 

WELL-CO
OIL SERVICE, INC., 

KEY
ROCKY MOUNTAIN, INC., 

KEY
FOUR CORNERS, INC., 

BROOKS
WELL SERVICING, INC., 

KEY
ENERGY SERVICES—SOUTH TEXAS, INC., 

KEY
ENERGY SERVICES—CALIFORNIA, INC., 

WATSON
OILFIELD SERVICE & SUPPLY, INC., 

WELLTECH
MID-CONTINENT, INC., 

DAWSON
PRODUCTION MANAGEMENT, INC., 

DAWSON
PRODUCTION TAYLOR, INC., 

DAWSON
PRODUCTION ACQUISITION CORP. 

DAWSON
PRODUCTION PARTNERS, L.P. 

DAWSON
PRODUCTION MANAGEMENT, INC. 

7

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