Document:

EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 2 
 Dated as of
June 28, 2016 
 to 
 LOAN
AND SECURITY AGREEMENT 
 THIS AMENDMENT NO. 2 (“Amendment”) is made as of June 28, 2016 by and among YRC WORLDWIDE
INC., a Delaware Corporation (“Parent”), YRC INC., a Delaware Corporation (“YRC”), USF REDDAWAY INC., an Oregon Corporation (“Reddaway”), USF HOLLAND INC., a Michigan Corporation
(“Holland”), and NEW PENN MOTOR EXPRESS, INC., a Pennsylvania Corporation (“New Penn”, and together with Parent, YRC, Holland and Reddaway, “Borrowers” and each a “Borrower”), each
Guarantor a party hereto, the Lenders a party hereto and CITIZENS BUSINESS CAPITAL, a division of Citizens Asset Finance, Inc., a subsidiary of Citizens Bank, N.A. (f/k/a RBS Citizens Business Capital, a division of RBS Asset Finance, Inc., a
subsidiary of Citizens Bank, N.A.), as agent for Lenders and Issuing Banks (in such capacity, “Agent”), under that certain Loan and Security Agreement dated as of February 13, 2014 by and among Borrowers, Guarantors party
thereto from time to time, the Lenders and Agent (as amended, amended and restated, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”). Capitalized terms used herein and not otherwise defined
herein shall have the respective meanings given to them in the Loan Agreement. 
 WHEREAS, Borrowers and Guarantors have requested that the
Lenders and Agent agree to an amendment to the Loan Agreement; and 
 WHEREAS, the Lenders party hereto and Agent have agreed to such
amendment on the terms and conditions set forth herein; 
 NOW, THEREFORE, in consideration of the premises set forth above, the terms and
conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrowers, Guarantors, the Lenders party hereto and Agent have agreed to enter into this Amendment. 

1. Amendments to Loan Agreement. Effective as of the date of satisfaction or waiver of the conditions precedent set forth in
Section 2 below, the Loan Agreement is hereby amended as follows: 
 (a) The cover page of the Loan Agreement is
hereby amended by deleting the following language where it appears therein: 
 “RBS CITIZENS, N.A., 

MERRILL LYNCH, PIERCE, FENNER & SMITH and CIT FINANCE LLC 

As Joint Lead Arrangers 

and 
 Joint Bookrunners

 BANK OF AMERICA, N.A. 

as Syndication Agent 

 ALLY COMMERCIAL FINANCE and PNC BANK 

as Co-Documentation Agents” 

and replacing it with the following: 

“CITIZENS BANK, N.A., 

MERRILL LYNCH, PIERCE, FENNER & SMITH and PNC BANK 

As Joint Lead Arrangers and Joint Bookrunners 

BANK OF AMERICA, N.A. and PNC BANK 

as Co-Syndication Agents 

ING CAPITAL LLC, CIT FINANCE LLC, and KEYBANK NATIONAL ASSOCIATION 

as Co-Documentation Agents” 

(b) Section 1.1 of the Loan Agreement is hereby amended by inserting the following new definitions in the appropriate
alphabetical order: 
 (i) “Amendment Fee Letter – that certain Amendment Fee Letter, dated as of
May 24, 2016, by and among the Loan Parties and Agent, as amended and in effect from time to time.” 
 (ii)
“Bail-In Action - means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.” 

(iii) “Bail-In Legislation - means, with respect to any EEA Member Country implementing Article 55 of Directive
2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.” 

(iv) “EEA Financial Institution - means (a) any credit institution or investment firm established in any EEA
Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any
financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.” 

(v) “EEA Member Country - means any of the member states of the European Union, Iceland, Liechtenstein, and
Norway.” 
 (vi) “EEA Resolution Authority - means any public administrative authority or any person
entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.” 

(vii) “EU Bail-In Legislation Schedule - means the EU Bail-In Legislation Schedule published by the Loan Market
Association (or any successor person), as in effect from time to time.” 

  
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 (viii) “Master Assignment and Assumption – that certain Master
Assignment and Assumption Agreement, dated as of the Second Amendment Effective Date, by and among the Lenders and Agent.” 

(ix) “Second Amendment Effective Date – June 28, 2016.” 

(x) “Write-Down and Conversion Powers - means, with respect to any EEA Resolution Authority, the write-down and
conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.” 

(c) Section 1.1 of the Loan Agreement is hereby further amended as follows: 

(i) The definition of “Accelerated Reporting Trigger Event” is hereby deleted in its entirety and replaced with the
following: 
 “Accelerated Reporting Trigger Event - shall occur when Availability is less than or equal to ten percent
(10%) of the Collateral Line Cap.” 
 (ii) The definition of “Applicable Margin” is hereby deleted in its
entirety and replaced with the following: 
 “Applicable Margin - with respect to any Type of Loan on any day, the following
margin for such type of Loan: (a) Base Rate Loans, 0.75%, and (b) LIBOR, 1.75%.” 
 (iii) The definition of
“Base Rate” is hereby amended by deleting the “.” at the end of the last sentence therein and replacing it with the following: 

“; provided, that, at no time shall the “Federal Funds Effective Rate” be less than zero percent (0.00%).” 

(iv) The definition of “Cash Dominion Trigger Event” is hereby deleted in its entirety and replaced with the
following: 
 “Cash Dominion Trigger Event - shall occur when either (i) a Specified Event of Default has occurred; or
(ii) Borrowers shall fail to maintain at any time Availability in an amount at least equal to ten percent (10%) of the Collateral Line Cap.” 

(v) The definition of “Cash Dominion Trigger Period” is hereby deleted in its entirety and replaced with the
following: 
 “Cash Dominion Trigger Period - shall commence upon the occurrence of a Cash Dominion Trigger Event, and shall
continue until the date that (i) no Specified Event of Default exists; and (ii) Borrowers have maintained Availability of not less than ten percent (10%) of the Collateral Line Cap for a period of thirty (30) consecutive calendar
days.” 

  
 3 

 (vi) The definition of “Defaulting Lender” is hereby deleted in its
entirety and replaced with the following: 
 “Defaulting Lender - any Lender that (a) has failed to fund any amounts
required to be funded by it under this Agreement within one (1) Business Day of the date that it is required to do so under the Agreement, (b) notified Administrative Borrower, Agent, or any Lender in writing that it does not intend to
comply with all or any portion of its funding obligations under the Agreement, (c) has made a public statement to the effect that it does not intend to comply with its funding obligations under the Agreement, (d) failed, within one
(1) Business Day after written request by Agent, to confirm that it will comply with the terms of the Agreement relating to its obligations to fund any amounts required to be funded by it under the Agreement, (e) otherwise failed to pay
over to Agent or any other Lender any other amount required to be paid by it under the Agreement within one (1) Business Day of the date that it is required to do so under the Agreement, (f) (i) becomes or is insolvent or has a parent
company that has become or is insolvent or (ii) becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, or custodian appointed for it, or has taken any action in furtherance of, or indicating
its consent to, approval of or acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, or custodian appointed for
it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment, or (g) a Lender that has, or has a direct or indirect parent company that has, become the subject of
a Bail-In Action; provided, that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in such Lender or any direct or indirect parent company thereof by a Governmental Authority so
long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such
Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination made in good faith by Agent that a Lender is a Defaulting Lender under clauses
(a) through (f) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender upon delivery of written notice of such determination to Administrative Borrower, each
Issuing Bank and each Lender.” 
 (vii) The definition of “Eligible Borrowing Base Cash” is hereby deleted in
its entirety and replaced with the following: 
 “Eligible Borrowing Base Cash - the lesser of (a) cash from time to time
deposited in the Borrowing Base Cash Account, which, for purposes of any Borrowing Base Certificate, shall be calculated as of the close of business on the date that is two (2) Business Days prior to the delivery (or required delivery) of same
to the Administrative Agent pursuant to Section 8.1 of this Agreement, and (b) cash from time to time deposited in the Borrowing Base Cash Account plus any other Dominion Accounts plus any other cash or Cash Equivalents of the Borrowers in
accordance with GAAP, which, for purposes of any Borrowing Base Certificate, shall be calculated as of the close of business on the last 

  
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Business Day of the previous calendar month or the preceding Friday, as applicable, depending on whether the Borrowers are required to deliver monthly or weekly Borrowing Base Certificates
pursuant to Section 8.1 of this Agreement.” 
 (viii) The definition of “LIBOR Rate” is hereby amended by
deleting the “.” at the end of the first sentence and replacing it with the following: 
 “; provided, further, that,
at no time shall the “LIBOR Rate” be less than zero percent (0.00%).” 
 (ix) Clause (i) of the
definition of “Maturity Date” is hereby deleted in its entirety and replaced with the following: 
 “(i) the later of
(a) five (5) years from the Second Amendment Effective Date (so long as at least 90% of the Term Debt which remains outstanding as of February 13, 2019 has been on or prior to such date refinanced, replaced or extended with a maturity
date of no earlier than five (5) years following the Second Amendment Effective Date) and (b) February 13, 2019;” 

(x) The definition of “Other Agreement” is hereby amended by inserting the phrase, “Amendment Fee Letter; Master
Assignment and Assumption;” immediately after “Fee Letter;” where it appears therein. 
 (d) Article 8 of the
Loan Agreement is hereby amended as follows: 
 (i) Section 8.1 of the Loan Agreement is hereby amended by deleting the
following language where it appears therein: 
 “prepared (x) as of the close of business on the last Business Day of the previous
calendar month in the case of clause (i) above and (y) as of the close of business on the preceding Friday in the case of clause (ii) above” 

and replacing it with the following: 

“prepared (except as otherwise provided in the definition of “Eligible Borrowing Base Cash”) (x) as of the close of
business on the last Business Day of the previous calendar month in the case of clause (i) above and (y) as of the close of business on the preceding Friday in the case of clause (ii) above” 

(ii) Section 8.3.3(y) of the Loan Agreement is hereby amended by deleting the following language where it appears therein:

 “(y) Availability as of the proposed date of such Borrowing Base Cash Release after giving effect thereto is not less than fifteen
percent (15%) of the Collateral Line Cap,” 
 and replacing it with the following: 

  
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 “(y) Availability as of the proposed date of such Borrowing Base Cash Release after giving
effect thereto is not less than ten percent (10%) of the Collateral Line Cap,” 
 (e) Section 10.1.2(a) of the
Loan Agreement is hereby deleted in its entirety and replaced with the following: 
 “Within five (5) Business Days of the delivery
of the financial statements referred to in Sections 10.1.1(a) and 10.1.1(b) (or the date on which such delivery is required), commencing with the first full Fiscal Quarter completed after the Closing Date, a duly completed Compliance
Certificate signed by a Responsible Officer of Parent;” 
 (f) The Loan Agreement is hereby amended by inserting the
following language as a new Section 15.21: 
 “15.21 Acknowledgement and Consent to Bail-In of EEA Financial Institutions.
Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender that is an EEA Financial Institution
arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: (a) the
application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an EEA Financial Institution; and (b) the effects of any Bail-in
Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation of any such liability; (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in
such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect
to any such liability under this Agreement or any other Loan Document; or (iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority.” 

2. Updated Schedule. Schedule 1.1(b) to the Loan Agreement, the Commitment of Lenders, is hereby deleted in its entirety and replaced
with the updated schedule attached hereto at Annex A. 
 3. Conditions of Effectiveness. The effectiveness of this Amendment
is subject to the conditions precedent that (a) Agent shall have received counterparts of this Amendment and the Master Assignment and Assumption, in both cases, duly executed by each Loan Party, the Lenders and Agent, (b) Agent shall have
received counterparts of an amendment to the Second Priority Deed to Secure Debt, Assignment of Leases and Rents, Security Agreement and Fixture Filing recorded against each of the following locations of the Loan Parties: (i) 4700 Highway 42,
Ellenwood, Georgia and (ii) 345 Roadway Drive, Ringgold, Georgia, each duly executed by Agent and the applicable Loan Party, in form and substance reasonably acceptable to Agent and in suitable form for recording, (c) the Agent shall have
received duly executed Notes in favor of any Lender so requesting a Note evidencing such Lender’s updated Commitment delivered via PDF (with originals to follow promptly, but in all events within five (5) Business Days, after the Second
Amendment Effective Date), and (d) the Administrative Borrower shall have paid all fees owed in connection with the Amendment Fee Letter, and all invoiced, reasonable, out-

  
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of-pocket expenses of Agent (including, without limitation, all previously invoiced, reasonable, out-of-pocket expenses of Agent (including, to the extent invoiced, reasonable attorneys’
fees and expenses of one primary counsel), in each case to the extent reimbursable under the terms of the Loan Agreement) in connection with this Amendment. 

4. Representations and Warranties of the Borrower. Each Borrower and Guarantor party hereto hereby represents and warrants as follows
as of the closing date of this Amendment: 
 (a) this Amendment has been duly authorized, executed and delivered by each
Borrower and each Guarantor and this Amendment and the Loan Agreement, as amended hereby, constitute legal, valid and binding obligations of Borrowers and the Guarantors and are enforceable against Borrowers and Guarantors in accordance with their
terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity; 
 (b) the
execution, delivery and performance by each Loan Party of this Amendment (and the Loan Agreement as amended hereby) do not require any consent or approval of, or notice to, any Governmental Authority, except for (i) approvals, consents,
exemptions, authorizations or other actions by, or notices to, or filings necessary to perfect the Liens on the Collateral granted by Loan Parties in favor of the Secured Parties (or release existing Liens), (ii) the approvals, consents,
exemptions, authorizations, actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect (except to the extent not required to be obtained, taken, given or made or to be in full force and effect
pursuant to the Collateral and Guarantee Requirement), and (iii) those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of which to obtain or make, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect; 
 (c) the representations and warranties contained in the Loan
Agreement and in the other Loan Documents are true and correct in all material respects (except for those representations and warranties that are conditioned by materiality, which shall be true and correct in all respects) to the same extent as
though made on and as of the date hereof, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects
(except for those representations and warranties that are conditioned by materiality, which shall have been true and correct in all respects) on and as of such earlier date; and 

(d) As of the date hereof (both before and immediately after giving effect to this Amendment), no Default or Event of Default
has occurred and is continuing. 
 5. Reference to and Effect on the Loan Agreement. 

(a) Upon the effectiveness hereof, each reference to the Loan Agreement in the Loan Agreement or any other Loan Document shall
mean and be a reference to the Loan Agreement as amended hereby. This Amendment shall constitute a Loan Document. 
 (b)
Except as specifically amended above, the Loan Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 

(c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of
Agent or the Lenders, nor constitute a waiver of any provision of the Loan Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith. 

  
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 6. Acknowledgements. By executing this Amendment, each of the Loan Parties
(a) consents to this Amendment and the performance by Borrowers and each of the other Loan Parties of their obligations hereunder, (b) acknowledges that notwithstanding the execution and delivery of this Amendment, the obligations of each
of the Loan Parties under each of the Security Documents and each of the other Loan Documents to which such Loan Party is a party, are not impaired or affected and each Security Document and each such other Loan Document continues in full force and
effect, (c) affirms and ratifies, to the extent it is a party thereto, each Security Document and each other Loan Document with respect to all of the Obligations as expanded or amended hereby, and (d) hereby represents and warrants that,
as of the date hereof, the Loan Parties do not, to their Knowledge, have, nor claim, any offsets or defenses to their respective Obligations, and have no other claims or causes of action against, any of the Lenders or the Agent in connection with
the Loan Documents (as amended hereby). 
 7. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE
LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF, BUT INCLUDING SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 

8. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part
of this Amendment for any other purpose. 
 9. Counterparts. This Amendment may be executed by one or more of the parties hereto on
any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Signatures delivered by facsimile or PDF shall have the same force and effect as manual signatures delivered
in person. 
 [Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above
written. 
  

			
	YRC WORLDWIDE INC.
		
	By:	 	 /s/ Jamie G. Pierson

	Name:	 	Jamie G. Pierson
	Title:	 	Executive Vice President and Chief Financial Officer
	
	YRC INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	USF REDDAWAY INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	USF HOLLAND INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	NEW PENN MOTOR EXPRESS, INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	EXPRESS LANE SERVICE, INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	ROADWAY LLC
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	YRC ASSOCIATION SOLUTIONS, INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	YRC MORTGAGES, LLC
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	YRC REGIONAL TRANSPORTATION, INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	YRC ENTERPRISE SERVICES, INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	ROADWAY EXPRESS INTERNATIONAL, INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	ROADWAY NEXT DAY CORPORATION
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	YRC LOGISTICS SERVICES, INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	USF BESTWAY INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	USF DUGAN INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	USF GLEN MOORE INC.
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	USF REDSTAR LLC
		
	By:	 	 /s/ Mark D. Boehmer

	Name:	 	Mark D. Boehmer
	Title:	 	Vice President
	
	ROADWAY REVERSE LOGISTICS, INC.
		
	By:	 	 /s/ Phil J. Gaines

	Name:	 	Phil J. Gaines
	Title:	 	Senior Vice President, Finance

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	CITIZENS BUSINESS CAPITAL, a division of Citizens Asset Finance, Inc. (a subsidiary of Citizens Bank, N.A.) (f/k/a RBS Citizens Business Capital, a division of RBS Asset Finance, Inc. (a subsidiary of RBS Citizens,
N.A.)), as Agent and a Lender
		
	By:	 	 /s/ Don Cmar

	Name:	 	Don Cmar
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	CITIZENS BANK, N.A. (f/k/a RBS CITIZENS, N.A.), as an Issuing Bank
		
	By:	 	 /s/ Don Cmar

	Name:	 	Don Cmar
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	BANK OF AMERICA, N.A., as a Lender and an Issuing Bank
		
	By:	 	 /s/ Steve Teufel

	Name:	 	Steve Teufel
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	PNC BANK, NATIONAL ASSOCIATION, as a Lender and an Issuing Bank
		
	By:	 	 /s/ Sherry Winick

	Name:	 	Sherry Winick
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	ING CAPITAL LLC, as a Lender
		
	By:	 	 /s/ Doug S. Clarida

	Name:	 	Doug S. Clarida
	Title:	 	Director
		
	By:	 	 /s/ Jerry L. McDonald

	Name:	 	Jerry L. McDonald
	Title	 	Director

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	CIT FINANCE LLC, as a Lender
		
	By:	 	 /s/ Christopher J. Esposito

	Name:	 	Christopher J. Esposito
	Title:	 	Managing Director

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	SIEMENS FINANCIAL SERVICES, INC., as a Lender
		
	By:	 	 /s/ Jeffrey B. Iervese

	Name:	 	Jeffrey B. Iervese
	Title:	 	Vice President
		
	By:	 	 /s/ John Finore

	Name:	 	John Finore
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	CITY NATIONAL BANK, A NATIONAL BANKING ASSOCIATION, as a Lender
		
	By:	 	 /s/ Catherine Chiavetta

	Name:	 	Catherine Chiavetta
	Title:	 	Senior Vice President

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	SIGNATURE BANK, as a Lender
		
	By:	 	 /s/ Robert R. Wallace

	Name:	 	Robert R. Wallace
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ Michael Shannon

	Name:	 	Michael Shannon
	Title:	 	Vice President
		
	By:	 	 /s/ Benjamin South

	Name:	 	Benjamin South
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	WEBSTER BUSINESS CREDIT CORPORATION, as a Lender
		
	By:	 	 /s/ Julian Vigder

	Name:	 	Julian Vigder
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	FIRST NIAGARA COMMERCIAL FINANCE, INC., as a Lender
		
	By:	 	 /s/ Alice Harris

	Name:	 	Alice Harris
	Title:	 	Vice President, Portfolio Manager

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

			
	KEYBANK NATIONAL ASSOCIATION, as a Lender and an Issuing Bank
		
	By:	 	 /s/ Jonathan Roe

	Name:	 	Jonathan Roe
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 
 YRC Worldwide Inc. 

Loan and Security Agreement dated as of February 13, 2014 

 Annex A 

Updated Schedule 1.1(b) – Commitments of Lenders 

(to be attached) 

 Schedule 1.1(b) 

Commitments of Lenders 
  

													
	 Lender/Issuing Bank
	  	Commitment	 	  	Pro Rata Share
of
Commitments	 	 	LC Issuance
Sublimit	 
	 Citizens Business Capital, a division of Citizens Asset Finance, Inc. (a subsidiary of Citizens
Bank, N.A.)
	  	$	70,000,000	  	  	 	15.556	% 	 	 	—  	  
	 Citizens Bank, N.A.
	  	 	—  	  	  	 	—  	  	 	$	180,000,000	  
	 Bank of America, N.A.
	  	$	70,000,000	  	  	 	15.556	% 	 	$	70,000,000	  
	 PNC Bank, National Association
	  	$	70,000,000	  	  	 	15.556	% 	 	$	150,000,000	  
	 ING Capital LLC
	  	$	45,000,000	  	  	 	10.000	% 	 	 	—  	  
	 CIT Finance LLC
	  	$	45,000,000	  	  	 	10.000	% 	 	 	—  	  
	 Siemens Financial Services, Inc.
	  	$	30,000,000	  	  	 	6.667	% 	 	 	—  	  
	 City National Bank, a national banking association
	  	$	25,000,000	  	  	 	5.556	% 	 	 	—  	  
	 KeyBank National Association
	  	$	25,000,000	  	  	 	5.556	% 	 	$	50,000,000	  
	 Signature Bank
	  	$	25,000,000	  	  	 	5.556	% 	 	 	—  	  
	 Deutsche Bank AG New York Branch
	  	$	20,000,000	  	  	 	4.444	% 	 	 	—  	  
	 Webster Business Credit Corporation
	  	$	15,000,000	  	  	 	3.333	% 	 	 	—  	  
	 First Niagara Commercial Finance, Inc.
	  	$	10,000,000	  	  	 	2.222	% 	 	 	—  	  
		  	  
	  
	 	  	  
	  
	 	 	  
	  
	 
	 Totals
	  	$	450,000,000	  	  	 	100.000	% 	 	$	450,000,000EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 SECOND
FORBEARANCE AGREEMENT 
 THIS SECOND FORBEARANCE AGREEMENT, dated as of June 30, 2016 (this “Agreement”), is entered into by and
between C&J Energy Services Ltd. (“Parent”), CJ Lux Holdings S.à r.l., a Luxembourg private limited liability company (société à responsabilité limitée), having its registered office at
15, rue Edward Steichen, L-2540 Luxembourg, having a share capital of $2,000,000 and registered with the Luxembourg Register of Commerce and Companies under number B190.857 (“Luxembourg Borrower”), CJ Holding Co. (“U.S.
Borrower” and, together with Parent and Luxembourg Borrower, the “Borrowers”), certain other Loan Parties identified on the signature pages hereto, Cortland Capital Market Services LLC (“Cortland”), in its
capacity as successor Administrative Agent to Bank of America, N.A. under the Credit Agreement (as defined below) (in such capacity (or any successor in such capacity), the “Agent”) and the lenders appearing on the signature pages
hereto (the “Consenting Lenders”). Each of the foregoing shall be referred to herein as a “Party” and collectively as the “Parties.” 

WITNESSETH: 
 WHEREAS, the
Borrowers, the Agent and the Lenders are party to that certain Second Amended and Restated Credit Agreement dated as of September 29, 2015 (as amended, restated, extended, supplemented or otherwise modified and in effect from time to time, the
“Credit Agreement”);1 
 WHEREAS, the Borrowers (i) are unable to
comply with Section 7.11(d) of the Credit Agreement for the six-month period ending March 31, 2016 which failure constitutes an Event of Default under Section 8.01(b) the Credit Agreement (such default, the “Designated
Financial Covenant Default”), (ii) have failed to make the interest payments due and payable on May 31, 2016 as well as unused commitment fees and Letter of Credit Fees due under the Credit Agreement, which failures constitute
Events of Default under Section 8.01(a) of the Credit Agreement and (iii) anticipate that they will fail to make the interest and principal payments (including, without limitation, payments of interest accruing at the Default Rate pursuant
to Section 2.08(b) of the Credit Agreement) or pay unused commitment fees or Letter of Credit Fees due under the Credit Agreement during the Forbearance Period (as defined below) which failure constitutes an Event of Default under
Section 8.01(a) of the Credit Agreement (such defaults described in the foregoing clauses (ii) and (iii), the “Designated Payment Defaults” and, together with the Designated Financial Covenant Default, the
“Designated Defaults”); 
 WHEREAS, the Borrowers acknowledge and agree that (i) upon the occurrence and during the
continuance of an Event of Default of the nature of the Designated Financial Covenant Default, the Agent is (acting at the request of, or with the consent of, the Lenders holding more than 50% of the aggregate principal amount of the Revolving
Credit Commitments and Initial Tranche B-1 Term Loans (collectively, the “Majority Specified Lenders”)) entitled by notice to the Borrowers to accelerate certain of the Obligations, to seek immediate repayment in full of the
Obligations and to exercise any or all of its rights and remedies under the Loan 
  

	1 	Capitalized terms used in this Agreement and not defined herein shall have the meanings ascribed thereto in the Credit Agreement. 

 
Documents or applicable law and (ii) upon the occurrence and during the continuance of an Event of Default of the nature of the Designated Payment Defaults, the Agent is (acting at the
request of, or with the consent of the Required Lenders) entitled by notice to the Borrowers to accelerate certain of the Obligations, to seek immediate repayment in full of the Obligations and to exercise any or all of its rights and remedies under
the Loan Documents or applicable law; 
 WHEREAS, pursuant to that certain Temporary Limited Waiver Agreement, dated May 10, 2016 and
effective as of March 31, 2016 (the “First Limited Waiver”), Bank of America, N.A. in its capacity as the Administrative Agent and certain Lenders constituting the Majority Specified Lenders under the Credit Agreement, agreed,
subject to the conditions contained in the First Limited Waiver, to temporarily waive the Designated Financial Covenant Default, with effect through May 31, 2016; 

WHEREAS, pursuant to that certain Forbearance Agreement, dated and effective as of May 31, 2016 (the “First
Forbearance”), Bank of America, N.A. in its capacity as the AdministrativeAgent and certain Lenders constituting (x) the Majority Specified Lenders (with respect to the Designated Financial Covenant Default) and (y) the Required
Lenders (with respect to the Designated Payment Defaults set forth therein), in each case under the Credit Agreement, agreed, subject to the conditions contained in the First Forbearance, to temporarily forbear from exercising any of their rights
and remedies under the Loan Documents in respect of the applicable Designated Defaults, with effect through June 30, 2016; 
 WHEREAS,
Parent and the other Loan Parties have reached an agreement in principle (the “Restructuring Agreement”) with the members of the Steering Committee (as defined below) on a restructuring transaction on the terms set forth on
Exhibit A hereto (the “Agreed Restructuring Transaction”); 
 WHEREAS, the Borrowers have requested that
(i) the Lenders holding Revolving Credit Commitments and Initial Tranche B-1 Term Loans (collectively, the “Specified Lenders”) temporarily forbear, solely by reason of the Designated Financial Covenant Default, from
accelerating Obligations or otherwise exercising rights or remedies under the Loan Documents and (ii) the Lenders temporarily forbear, solely by reason of the Designated Payment Defaults, from accelerating Obligations or otherwise exercising
rights or remedies under the Loan Documents, in each case, during the Forbearance Period, in order to permit the Borrowers to document a restructuring support agreement among the Loan Parties, each member of the Steering Committee and such other
parties as may be appropriate and acceptable to the foregoing (the “Restructuring Support Agreement”), which will include, among other things, term sheets setting forth terms of (a) the Agreed Restructuring Transaction and
(b) a debtor-in-possession financing facility satisfactory to the members of the Steering Committee and the Borrowers (the “DIP Facility”) in connection with the Agreed Restructuring Transaction; 

WHEREAS, the Borrowers have the intention to negotiate in good faith (i) the Restructuring Support Agreement and (ii) such
other documentation and other steps necessary to implement the Agreed Restructuring Transaction and, to the extent applicable, the DIP Facility, prior to the expiration of the Forbearance Period; and 

WHEREAS, the Consenting Lenders agree to accommodate such request of the Borrowers on the terms and subject to the conditions herein set
forth; 

  
 2 

 NOW, THEREFORE, in consideration of the foregoing, the covenants and conditions contained herein
and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 

Section 1. Incorporation of Recitals. 

Each of the Loan Parties acknowledges that the recitals set forth above are true and correct in all material respects. 

Section 2. Amounts Owing.  

Each of the Loan Parties acknowledges and agrees that, as of the date hereof, the Borrowers are indebted to the Secured Parties in an
aggregate amount equal to (a) the aggregate principal amount of Revolving Credit Loans (including any Swing Line Loans) outstanding under the Credit Agreement in an amount equal to $284,400,000, plus accrued and unpaid interest thereon and fees
in respect thereof, plus (b) the aggregate principal amount of Initial Tranche B-1 Term Loan outstanding under the Credit Agreement in an amount equal to $569,250,000, plus accrued and unpaid interest thereon, plus (c) the aggregate
principal amount of Initial Tranche B-2 Term Loan outstanding under the Credit Agreement in an amount equal to $480,150,000, plus accrued and unpaid interest thereon, plus (d) all obligations with respect to Letters of Credit outstanding under
the Credit Agreement, plus (e) all obligations, if any, pursuant to any Secured Cash Management Agreement or Secured Hedge Agreement, plus (f) the unpaid actual out-of-pocket expenses incurred by the Agent and the members of that certain
steering committee of Lenders consisting of Ascribe Capital LLC, BlueMountain Capital Management, LLC, GSO Capital Partners LP and Solus Alternative Asset Management LP (collectively with such additional Lenders, if any, as may be determined in the
sole discretion of the foregoing, the “Steering Committee”) in connection with the preparation, negotiation, execution and delivery of this Agreement and all unpaid out-of-pocket expenses incurred by the Agent and any Lender in
connection with the enforcement or protection of their rights or in connection with this Agreement, the Credit Agreement and the other Loan Documents, in connection with the Obligations under the Credit Agreement or incurred during any workouts,
restructuring or negotiating in respect of such Obligations, as and to the extent set forth in Section 10.04(a) of the Credit Agreement, and such amounts are outstanding without defense, offset or counterclaim; provided that such amounts
shall not include any Excluded Swap Obligations. 
 Section 3. Forbearance; Forbearance Period. 

(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, each of the Consenting Lenders agrees that, during the Forbearance Period, such Lender shall not enforce any of its rights and remedies under the Loan Documents in respect of the applicable Designated
Defaults against the Loan Parties or their assets (the “Forbearance”). The Borrowers acknowledge and agree that the Forbearance is limited to the extent specifically set forth above and no other terms, covenants or provisions of the
Credit Agreement or any other Loan Document are intended pursuant to this Section 3 to (or shall) be affected hereby, all of which remain in full force and effect unaffected hereby. 

(b) The “Forbearance Period” shall commence on the Forbearance Effective Date (as defined below) and shall terminate
immediately and automatically upon the earliest to occur of (i) July 17, 2016, at 11:59 pm New York time and (ii) the occurrence of a Forbearance Termination Event (as defined below). 

  
 3 

 (c) Upon the occurrence of a Forbearance Termination Event, the Forbearance Period shall
immediately end without the requirement of any demand, presentment, protest, notice or other action of any kind, all of which Borrowers and the other Loan Parties each waives, and subject to the terms of the Loan Documents, each of the Agent, the
Required Lenders and the Majority Specified Lenders shall be free in its sole and absolute discretion, without limitation, to proceed to enforce any or all of its rights and remedies available under the Loan Documents and/or applicable law in
respect of the Designated Defaults. 
 (d) The occurrence of any of the following events or circumstances shall constitute a termination
event with respect to the Forbearance (each, a “Forbearance Termination Event”): 
 (i) the occurrence and
continuation of (i) a Default under Section 8.01(a) of the Credit Agreement (other than the Designated Payment Defaults) or (ii) any Event of Default under the Credit Agreement that is not a Designated Default; 

(ii) a breach by the Borrowers or any Loan Party of any provision of this Agreement; provided that in the case of
Section 5(a)(i) and (ii) of this Agreement, such breach shall remain unremedied for a period of two Business Days after written notice thereof from the Agent to any of the Borrowers; 

(iii) any representation or warranty contained in this Agreement shall be incorrect in any material respect as of the date
hereof; 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; 

(iv) 11:59 p.m. New York time on July 8, 2016 (the “RSA Deadline”), if the execution by each Loan Party,
delivery and effectiveness of the Restructuring Support Agreement has not occurred by such deadline; 
 (v) any default or
breach by any Loan Party of any provision of the Restructuring Support Agreement, or any act by any Loan Party inconsistent therewith, in each case unless waived pursuant to the terms of the Restructuring Support Agreement; 

(vi) any change or replacement by the Company of its current counsel, Kirkland & Ellis LLP, Fried Frank Harris
Shriver & Jacobson LLP and Loeb & Loeb LLP, or financial advisors, Evercore Partners Inc. and AlixPartners Partners LLP; 

(vii) an agreement in principle is reached by any Loan Party as to any restructuring transaction that is not supported by the
Steering Committee; and 

  
 4 

 (viii) an agreement is reached by any Loan Party in respect of any
debtor-in-possession financing facility other than the DIP Facility. 
 (e) The Forbearance is limited in nature and nothing contained
herein is intended, or shall be deemed or construed (i) to constitute a waiver of any of the Designated Defaults or any future Defaults or Events of Default or compliance with any term or provision of the Loan Documents or applicable law or
(ii) to establish a custom or course of dealing between the Loan Parties, on the one hand, and the Agent and/or any Lender, on the other hand. 

(f) Immediately upon the Forbearance Period ending in accordance with its terms, the agreements set forth in Section 3(a) shall be
void ab initio (it being understood, for the avoidance of doubt, that this provision shall not impair the effectiveness of any provisions of this Agreement including Section 4, which shall remain in full force and effect). In furtherance
of the foregoing, and notwithstanding the occurrence of the Forbearance Effective Date, each of the Loan Parties acknowledges and confirms that, subject to the Forbearance, all rights and remedies of the Agent and the Lenders under the Loan
Documents and applicable law with respect to the Borrowers or any other Loan Party shall continue to be available to the Agent and the Lenders. 

(g) 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 the Agent or any Lender may be entitled to take or bring in order to enforce its rights and remedies against the Borrowers or any other Loan Party are, to the fullest extent permitted by law, tolled and suspended during the Forbearance
Period. 
 Section 4. Covenants. 

(a) During the Forbearance Period, each Loan Party shall comply with all obligations, limitations, restrictions or prohibitions that would
otherwise be effective or applicable under the Credit Agreement or any of the other Loan Documents during the continuance of any Default or Event of Default; provided that, solely in respect of Net Cash Proceeds from the Disposition in one or
more transactions of all or a portion of the business conducted by of Total E&S, Inc. and Blue Ribbon Technology, Inc., notwithstanding the default blocker in Section 2.05(b)(ii) of the Credit Agreement, the Term Borrower shall not be
required to offer to prepay the Term Loans with such Net Cash Proceeds, (A) until the aggregate amount of the Net Cash Proceeds derived from all Dispositions in any fiscal year of Parent is equal to or greater than $25,000,000 or (B) at
the election of the Term Borrower (as notified by the Term Borrower to the Agent on or prior to the date on which a notice of prepayment shall be required to be delivered to the Agent pursuant to Section 2.05(b)(v) of the Credit Agreement), to
the extent a Loan Party or a Restricted Subsidiary reinvests all or any portion of such Net Cash Proceeds in operating assets (other than current assets) within 365 days after the receipt of such Net Cash Proceeds (or, if such Loan Party or
Restricted Subsidiary shall have entered into a legally binding commitment within such 365-day period to so apply such Net Cash Proceeds, within 180 days following such 365-day period); provided, further, that if such Net Cash Proceeds shall
have not been so reinvested within the applicable period, the Term Borrower shall immediately offer to prepay the Term Loans in an aggregate amount equal to such Net Cash Proceeds. 

(b) Notwithstanding any other provision of the Credit Agreement, during the Forbearance Period, without the express written consent of the
Required Lenders, each Loan Party shall not and shall cause each Restricted Subsidiary not to: 

  
 5 

 (i) engage in any asset sales outside the ordinary course of business pursuant to
Section 7.05(g) of the Credit Agreement, except to the extent consideration therefor is in cash and for fair market value; 

(ii) pay or set aside funds for the purpose of making any payments to or on behalf of Nabors (including, without limitation, in
respect of any debt owed to Nabors, any payments of principal, interest, fees or expenses); 
 (iii) pay, receive or
otherwise transfer funds (including any funds to be received in respect of the asset sales described in Section 4(a) of this Agreement or transferred pursuant to Section 4(f) of this Agreement) into any account other than
(A) the accounts listed on Schedule 4(b) attached hereto, (B) any Specified Securities Account (as defined below) over which the Agent has been granted control pursuant to Section 7(a)(ix)(A) of this Agreement or
(C) any account which, immediately following such payment, receipt or transfer, shall be an Excluded Deposit Account (the “Specified Covered Accounts”); 

(iv) pay, invest or otherwise transfer funds to CJES Insurance (Texas) Inc. or CJES Insurance (Bermuda) Ltd. beyond the minimum
amount required by any applicable statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, or the interpretation thereof, whether or not having the force of law, including,
without limitation, the requirements of the Texas Department of Insurance and applicable requirements in Bermuda (collectively, “Captive Insurance Laws”); 

(v) make or implement any amendment, waiver, supplement or other modification to any employment agreement or employee
compensation plan (including, without limitation, that certain Senior Executive Incentive Plan, effective as of May 5, 2016 and amended and restated as of June 23, 2016 (the “SEIP”) and that certain Key Employee Incentive
Plan, effective as of May 5, 2016 (the “KEIP”) or pay or cause to be paid any amount contemplated by the SEIP or the KEIP before the date on which such amount becomes due and payable pursuant to the terms of the SEIP or the
KEIP, as applicable; 
 (vi) terminate, enter into, amend, restate, amend and restate, supplement or otherwise modify any
agreement with Nabors or any of its Affiliates, other than Parent and Parent’s Subsidiaries; or 
 (vii) take any action
(or forbear from taking any action), in each case except as expressly permitted hereunder, outside the ordinary course of business that, if such Loan Party were a debtor pursuant to chapter 11 of the Bankruptcy Code of the United States, would
require court approval. 
 (c) The Borrowers shall pay all fees and expenses incurred by the Agent (including the fees and expenses of Davis
Polk & Wardwell LLP (“Davis Polk”), FTI Consulting, Inc. (“FTI”), Moelis & Company (“Moelis”), Hilco Valuation Services, LLC (“Hilco”) and one local counsel in
each jurisdiction in which Collateral is located, Loan Parties are organized or any chapter 11 case or other insolvency proceeding is occurring or expected to occur) in connection with the Credit Agreement, this Agreement and any other instruments
or documents being executed and delivered in connection herewith and the transactions 

  
 6 

 
contemplated hereby, including any restructuring, in each case as provided in Section 10.04(a) of the Credit Agreement and by no later than the second Business Day following the date on
which an invoice is received. Amounts from the Retainers (as defined in the First Limited Waiver) and the Additional Retainers (as defined below and, together with the Retainers, the “Current Retainer”) shall be applied by Davis
Polk, FTI and Moelis, as applicable, in respect of the accrued fees and expenses of such professionals in accordance with the terms of their respective engagement agreements (to the extent applicable) or as otherwise set forth in the First Limited
Waiver or this Agreement. The Borrowers shall, within two Business Days of receipt of an invoice therefor, promptly pay: directly to Davis Polk, FTI and Moelis, as applicable, an additional retainer amount in the amount of such fees and expenses
paid from their respective Current Retainers during the period of the applicable invoice. 
 (d) The Borrowers shall negotiate in good faith
(i) the Restructuring Support Agreement prior to the deadline set forth in Section 3(d)(iv) of this Agreement and (ii) such other documentation necessary to implement the Agreed Restructuring Transaction and, to the extent
applicable, the DIP Facility, prior to the expiration of the Forbearance Period. 
 (e) If the amount of funds held in any Deposit Account
or Securities Account maintained by CJES Insurance (Texas) Inc., including, but not limited to the account held at Fidelity, or CJES Insurance (Bermuda) Ltd. shall exceed the amount that is required to be held in such account by Captive Insurance
Laws, the Borrower shall or shall cause the applicable Loan Party to promptly (and by no later than 4:00 p.m. New York time on July 1, 2016 with respect to any funds so held as of the date of this Agreement) transfer such excess amount of funds
to one or more Specified Covered Accounts and certify to the Administrative Agent and the Lenders in writing that such transfer has taken place. 

(f) As soon as practicable following effectiveness of this Agreement, and in any event no later than July 1, 2016, the Borrowers shall
publicly announce in a press release and a Form 8-K filing with the SEC, each in form and substance satisfactory to the Steering Committee, (A) the entry into and effectiveness of this Agreement and (B) the fact that the Restructuring
Agreement with respect to the Agreed Restructuring Transaction has been reached among Parent, the other Loan Parties and the members of the Steering Committee, subject to definitive documentation and negotiation of outstanding terms. 

Section 5. Information and Financial Data; Access to Properties and Inspections. 

(a) Each Loan Party agrees (i) to provide the Agent and its representatives with reasonable access to inspect such Loan Party’s
financial records and properties pursuant to Section 6.10 of the Credit Agreement but without the limitations on the frequency of visits contained therein, provided that such visits shall be during normal business hours and (ii) promptly
to provide such customary financial and other information regarding the Loan Parties and their respective businesses and operations that the Agent or its advisors may reasonably request to the extent (w) such information is readily available to
a Loan Party, (x) such information is not subject to attorney/client privilege, (y) such information does not constitute trade secrets and (z) the provision of such information is not prohibited by law or by the legally binding
confidentiality obligations of any Loan Party to a third party (other than another Loan Party); provided that the Borrowers shall use commercially reasonable efforts to obtain the consent of any such third party to provide such information to
the Agent or its advisors on a confidential basis and use commercially reasonable efforts to communicate, to the extent permitted, the applicable information in a way that would not risk waiver of such privilege or violate the applicable obligation.

  
 7 

 (b) The Borrowers agree to provide the Agent and the Lenders (with a copy to FTI) by no
later than 5:00 p.m. (New York time) on Wednesday, July 6, 2016 and on any subsequent Wednesday during the Forbearance Period, (i) a 13-week statement of projected receipts and disbursements (each a “Rolling 13-Week Cash Flow
Forecast”) and (ii) a report showing actual receipts and disbursements through the prior week, including a variance report showing the variance to the immediately prior Rolling 13-Week Cash Flow Forecast (including any Rolling 13-Week
Cash Flow Forecast delivered pursuant to the First Forbearance). 
 (c) No later than 5:00 p.m. (New York time) on Wednesday,
July 6, 2016 and any subsequent Wednesday thereafter during the Forbearance Period (each a “Flash Reporting Date”), the Borrowers agree to provide to the Agent and the Lenders (with a copy to FTI) a flash report, prepared by
the Borrowers in good faith in accordance with their past practices for internal financial reporting, which shall consist of statements of Cash and Cash Equivalents (including both book and bank balances) held by Parent and its subsidiaries on a
consolidated basis (i) as of close of business on the Friday immediately preceding the applicable Flash Reporting Date and (ii) on average for the 10 Business Days immediately preceding the applicable Flash Reporting Date. 

Section 6. Representations and Warranties.  

(a) Each of the Loan Parties hereby represents and warrants to the Agent and the Consenting Lenders that as of the date hereof: 

(i) the execution, delivery and performance of this Agreement by each of the Loan Parties has been duly authorized by all
necessary corporate or other organizational action, and do not (a) contravene the terms of any of the Loan Parties’ Organization Documents; (b) conflict with or result in any breach or contravention of, or require any payment to be
made under (i) any material Contractual Obligation to which each of the Loan Parties is a party or affecting each of the Loan Parties or the properties of each of the Loan Parties or any of its Restricted Subsidiaries or (ii) any order,
injunction, writ or decree of any Governmental Authority or any arbitral award to which each of the Loan Parties or its property is subject; (c) violate any Law to which each of the Loan Parties or its property is subject; or (d) result in
the creation of any Lien on any property of Parent or any Restricted Subsidiary; 
 (ii) no approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, each of the Loan Parties
of this Agreement, other than those obtained prior to the Forbearance Effective Date or being obtained in connection herewith; 

(iii) each of the representations and warranties made by any Loan Party set forth in Article V of the Credit Agreement (other
than in Sections 5.05(d) and 5.18) or in any other Loan Document is true and correct in all material respects as of the date hereof with the same effect as though made on 

  
 8 

 
and as of the date hereof, except to the extent such representations and warranties expressly relate to earlier dates, in which case they shall be true and correct in all material respects as of
such earlier date; 
 (iv) no Default or Event of Default has occurred and is continuing other than the Designated Default;

 (v) no Investment is currently being made in CJES Insurance (Texas) Inc. or CJES Insurance (Bermuda) Ltd. beyond the
minimum amount required by applicable Captive Insurance Laws; and 
 (vi) no amendment, supplement, waiver or other
modification to the SEIP has been made since June 23, 2016 and no amendment, supplement, waiver or other modification to the KEIP has been made since May 5, 2016, and the Loan Parties have delivered by email to FTI fully final, execution
copies of the currently effective SEIP and KEIP (including, in each case, any amendments, exhibits, annexes, appendices or other supplements or attachments thereto). 

Section 7. Conditions to Effectiveness of this Agreement. 

(a) This Agreement shall become effective (the date of such effectiveness being referred to herein as the “Forbearance Effective
Date”) upon satisfaction or waiver of each of the following conditions: 
 (i) evidence reasonably satisfactory to
the Steering Committee of approval by the board of directors of the Restructuring Agreement with respect to the Agreed Restructuring Transaction, subject to negotiation of ourstanding terms and definitive documentation (including the Restructuring
Support Agreement); 
 (ii) execution and delivery of this Agreement by the Agent, the Consenting Lenders and the Loan
Parties and, in each case, delivered to the Agent; 
 (iii) payment of all fees and expenses due to Davis Polk, FTI and
Moelis pursuant to Section 4(c) hereof and invoiced not later than one Business Day prior to the Forbearance Effective Date; 

(iv) receipt by each of Davis Polk, FTI and Moelis of an advance retainer in respect of their fees and expenses payable
pursuant to Section 4(c) hereof in an amount equal to USD $250,000 payable to each of FTI and Moelis and USD $500,000 payable to Davis Polk (the aggregate amount of which retainers payable to all of them collectively shall not exceed
$1,000,000), in cash (each an “Additional Retainer” and, collectively, the “Additional Retainers”); and 

(v) for each securities account listed on Schedule 7(a) attached hereto (each a “Specified Securities
Account” and, collectively, the “Specified Securities Accounts”) the Loan Party maintaining such Specified Security Accounts shall have either: 

  
 9 

 (A) completed all steps sufficient to grant “control” (within the
meaning of Article 9 of the UCC) over the Specified Securities Accounts to the Agent, including, but not limited to, the execution of securities account control agreements acceptable to the Agent; or 

(B) caused all amounts held in any Specified Securities Account in excess of $500 to be transferred to a Specified Covered
Account. 
 Section 8. Notice of Default. 

The Borrowers shall provide notice to the Agent, as soon as possible but in any event within two Business Days of obtaining knowledge of the
occurrence any Forbearance Termination Event, which notice shall state that such event occurred and set forth, in reasonable detail, the facts and circumstances that gave rise to such event. Such notice shall be delivered by electronic mail to: 

Cortland Capital Market Services LLC 

225 W. Washington St., 21st Floor 

Chicago, Illinois 60606 

Attention: Ryan Morick and Legal Department 

Telephone: 312-564-5072 

Telecopier: 312-376-0751 Electronic Mail: ryan.morick@cortlandglobal.com and legal@cortlandglobal.com 

With copies to: 
 Davis
Polk & Wardwell LLP 
 450 Lexington Avenue 

New York, NY 10017 
 Attn: Jinsoo
Kim (jinsoo.kim@davispolk.com) and Timothy Graulich 
 (timothy.graulich@davispolk.com) 

All notices given in accordance with the provisions of this Section 8 shall be deemed to have been given on the date of receipt. 

Section 9. Effect Upon Credit Agreement; Ratification of Liability; No Waiver; Etc. 

(a) From and after the date hereof, (i) the term “Agreement” in the Credit Agreement, and all references to the Credit
Agreement in any Loan Document, shall mean the Credit Agreement, as interpreted in accordance with the terms of this Agreement, and (ii) the term “Loan Documents” in the Credit Agreement and the other Loan Documents shall include,
without limitation, this Agreement and any agreements, instruments and other documents executed and/or delivered in connection herewith. 

(b) Each of the Loan Parties hereby ratifies and reaffirms as of the date of this Agreement all of its obligations under each Loan Documents
to which it is a party in respect of payment, performance, indemnification or otherwise including, without limitation, guarantees of 

  
 10 

 
such obligations, and hereby ratifies and reaffirms its grant of liens on or security interests in their properties pursuant to such Loan Documents as security for the Obligations under or with
respect to the Credit Agreement and confirms and agrees that such liens and security interests secure all of the Obligations, including any additional Obligations hereafter arising or incurred pursuant to or in connection with this Agreement, the
Credit Agreement or any other Loan Document. 
 (c) Except as expressly provided herein, nothing in this Agreement is intended or shall be
deemed or construed to in any way waive, alter or impair the obligations or any of the rights or remedies of the Agent or the Lenders under the Loan Documents or applicable law. All terms and provisions of the Loan Documents remain in full force and
effect, except to the extent expressly modified by this Agreement. Each of the Loan Parties acknowledges that the Agent and the Consenting Lenders have made no representations as to what actions, if any, they will take after the Forbearance Period,
and the Agent and each Consenting Lender hereby specifically reserves any and all rights, remedies, and claims it has (after giving effect hereto) with respect to the Events of Default and each other Default that may occur. 

  
 11 

 Section 10. Release. 

(a) In consideration of, among other things, the forbearance provided for herein, each Borrower and each other Loan Party (on its own behalf
and on behalf of its respective Subsidiaries) forever waives, releases and discharges any and all claims (including, without limitation, cross-claims, counterclaims, rights of setoff and recoupment), causes of action, demands, suits, costs, expenses
and damages that it 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, against the Agent and/or any Lender (in their respective
capacities as such) and any of their respective subsidiaries and affiliates, and each of their respective successors, assigns, officers, directors, employees, agents, attorneys and other advisors or representatives (collectively, the
“Released Parties”); provided that in each case such claim is based in whole or in part on facts, events or conditions, whether known or unknown, existing on or prior to the date hereof and which arise out of or are related
to the Credit Agreement or the Credit Agreement as amended by this Agreement, the other Loan Documents, the Obligations or the Collateral (collectively, the “Released Claims”). The Borrowers and other Loan Parties further agree to
refrain from commencing, instituting or prosecuting, or supporting any Person that commences, institutes, or prosecutes, any lawsuit, action or other proceeding against any and all Released Parties with respect to any and all Released Claims. 

(b) With respect to the subject of the foregoing releases, each of the Loan Parties hereby acknowledges the provisions of California Civil
Code Section 1542, which states: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY
AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. The Loan Parties hereby waive any and all rights which may be conferred upon them by virtue of Civil Code section 1542 or any similar provision or body of law. In this regard, the Loan Parties
acknowledge that facts in addition to or different from those which are now known or believed to exist may hereafter be discovered with respect to the subject matter herein and that any release pursuant to this Agreement will remain fully
enforceable notwithstanding such discovery. 
 Section 11. Successors and Assigns.  

This Agreement shall be binding upon and inure to the benefit of each Party hereto and their respective successors and assigns. During the
period commencing on the date hereof and ending on the last day of the Forbearance Period, no Consenting Lender shall transfer or assign its rights under the Credit Agreement or this Agreement absent the written agreement of the transferee or
assignee to be bound by the terms of this Agreement, but no Consenting Lender shall be further limited in its transfer or assignment rights other than as provided in the Credit Agreement. 

Section 12. No Third-Party Beneficiaries. 

No Person other than Borrowers, the other Loan Parties, the Agent and the Lenders, and in the case of Section 10 hereof, the Released
Parties, shall have any rights hereunder or be entitled to rely on this Agreement and all third-party beneficiary rights (other than the rights of the Released Parties under Section 10 hereof) are hereby expressly disclaimed. 

  
 12 

 Section 13. Severability. 

The invalidity, illegality or unenforceability of any provision in or obligation under this Agreement in any jurisdiction shall not affect or
impair the validity, legality or enforceability of the remaining provisions or obligations under this Agreement or of such provision or obligation in any other jurisdiction. 

Section 14. Governing Law, Jurisdiction; Waiver of Jury Trial. 

Sections 10.14 and 10.15 of the Credit Agreement apply to this Agreement, mutatis mutandis. 

Section 15. Amendments. 

The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or
consents to departures from the provisions hereof may not be given, without the express prior written consent of the Loan Parties, the Agent and the Required Lenders. 

Section 16. Time of Essence. 

Time is of the essence in the performance of each of the obligations of the Borrowers and the other Loan Parties hereunder and with respect to
all conditions to be satisfied by such parties. 
 Section 17. Good Faith Cooperation; Further Assurances. 

Each of the Loan Parties hereby agrees to execute and deliver from time to time such other documents and take such other actions as may be
reasonably necessary in order to effectuate the terms hereof. The Parties shall cooperate with each other and with their respective counsel in good faith in connection with any steps required to be taken as part of their respective obligations under
this Agreement. 
 Section 18. Prior Negotiations; Entire Agreement. 

This Agreement, the Credit Agreement and the other Loan Documents constitute the entire agreement of the Parties with respect to the subject
matter hereof, and supersedes all other prior negotiations, understandings or agreements with respect to the subject matter hereof. 

Section 19. Interpretation. 

This Agreement is the product of negotiations of the Parties and in the enforcement or interpretation hereof, is to be interpreted in a
neutral manner, and any presumption with regard to interpretation for or against any Party by reason of that Party having drafted or caused to be drafted this Agreement, or any portion hereof, shall not be effective in regard to the interpretation
hereof. 
 Section 20. Counterparts. 

This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which taken together shall
constitute one and the same 

  
 13 

 
instrument. Delivery of an executed counterpart of a signature page to this Agreement by facsimile transmission or by electronic mail (e.g. “.pdf” or “.tif”) shall be
effective as delivery of an original executed counterpart of this Agreement. 
 Section 21. Section Titles. 

The section and subsection titles contained in this Agreement are included for convenience only, shall be without substantive meaning or
content of any kind whatsoever, and are not a part of the agreement between the Loan Parties, on the one hand, and Agent and the Consenting Lenders, on the other hand. Any reference in this Agreement to any “Section” refers, unless the
context otherwise indicates, to a section of this Agreement 
 Section 22. Notice of Designated Defaults. 

This Agreement and the matters set forth herein shall constitute written notice of the Designated Defaults for purposes of satisfaction of any
disclosure requirement in the Credit Agreement, any Compliance Certificate or any other Loan Document requiring that the Loan Parties give notice of, certify as to the absence of, or otherwise disclose in writing the occurrence and/or continuance of
any Default or Event of Default and the failure of any Loan Party prior to, on or after the date hereof to deliver any such notice, certification or other disclosure shall not constitute a Default or Event of Default under the Credit Agreement. The
Borrowers (along with their advisors) are in ongoing discussions with the Lenders and their advisors regarding the Designated Defaults and a long-term solution. 

[signature pages follow] 

  
 14 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the day
and year first above written. 
  

					
	C&J ENERGY PRODUCTION SERVICES-CANADA LTD. (formerly Nabors Production Services Ltd.)
	C&J ENERGY SERVICES LTD.
	C&J ENERGY SERVICES, INC.
	C&J SPEC-RENT SERVICES, INC.
	C&J WELL SERVICES, INC. (formerly Nabors Completion & Production Services Co.)
	CJ HOLDING CO.
		
	By:	 	 /s/ Danielle Hunter

		 	Name: Danielle Hunter
		 	Title:   Executive Vice President and General Counsel
	
	BLUE RIBBON TECHNOLOGY, INC.
	C&J VLC, LLC
	KVS TRANSPORTATION, INC.
	MOBILE DATA TECHNOLOGIES LTD.
	TOTAL E&S, INC.
		
	By:	 	 /s/ Danielle Hunter

		 	Name: Danielle Hunter
		 	Title:   Executive Vice President and General Counsel
	
	ESP COMPLETION TECHNOLOGIES LLC
	TELLUS OILFIELD INC.
	TIGER CASED HOLE SERVICES, INC.
		
	By:	 	 /s/ Danielle Hunter

		 	Name: Danielle Hunter
		 	Title:   Executive Vice President and General Counsel

 
					
	C&J CORPORATE SERVICES (BERMUDA) LTD.
		
	By:	 	 /s/ Danielle Hunter

		 	Name: Danielle Hunter
		 	Title:   Director
	
	CJ LUX HOLDINGS S.À R.L.
	PENNY GLOBAL HOLDINGS S.À R.L.
	PENNY GLOBAL LEASING S.À R.L.
	PENNY LUXEMBOURG FINANCING S.À R.L.
	PENNY TECHNOLOGIES S.À R.L.
		
	By:	 	 /s/ Danielle Hunter

		 	Name: Danielle Hunter
		 	Title:   Type A Manager
	
	COPPER IRELAND FINANCING I LTD.
	COPPER IRELAND FINANCING II LTD.
		
	By:	 	 /s/ Danielle Hunter

		 	Name: Danielle Hunter
		 	Title:   Director
	
	C&J INTERNATIONAL B.V.
		
	By:	 	 /s/ Danielle Hunter

		 	Name: Danielle Hunter
		 	Title:   Managing Director A
	
	C&J INTERNATIONAL MIDDLE EAST FZCO
		
	By:	 	 /s/ Angus Fraser

		 	Name: Angus Fraser
		 	Title:   General Manager

 
					
	CORTLAND CAPITAL MARKET SERVICES LLC, as Agent and on behalf of the Consenting Lenders
		
	By:	 	 /s/ Polina Arsentyeva

		 	Name: Polina Arsentyeva
		 	Title:   Associate Counsel

 Schedule 4(b) 

Specified Covered Accounts 
  

					
	 Entity
	  	 Bank
	  	 Account Number

	C&J Well Services, Inc.	  	Citibank	  	30913054
	CJ Holding Co.	  	Citibank	  	30976469
	C&J Well Services, Inc.	  	JPMorgan	  	603147690
	KVS Transportation, Inc.	  	Wells Fargo Bank	  	4160099362
	Blue Ribbon Technology, Inc.	  	Amegy Bank N.A.	  	0054026632
	C&J Spec-Rent Services, Inc.	  	 Comerica Bank
 Energy Services
Lending
	  	1881121519
	C&J Spec-Rent Services, Inc.	  	 Comerica Bank
 Energy Services
Lending
	  	1881740490
	C&J Spec-Rent Services, Inc.	  	 Comerica Bank
 Energy Services
Lending
	  	1881588683
	C&J Spec-Rent Services, Inc.	  	Wells Fargo Bank, N.A.	  	4124216136
	C&J Spec-Rent Services, Inc.	  	Wells Fargo Bank, N.A.	  	4124136623
	C&J Spec-Rent Services, Inc.	  	Wells Fargo Bank, N.A.	  	4122203268
	ESP Completion Technologies LLC	  	Amegy Bank	  	54024982
	Penny Global Holdings S.à r.l.	  	ING Luxembourg S.A.	  	LU70 0141 8559 1870 3010
	Penny Global Leasing S.à r.l.	  	ING Luxembourg S.A.	  	LU38 0141 4559 1850 3010
	Penny Luxembourg Financing S.à r.l.	  	ING Luxembourg S.A.	  	LU78 0141 0559 1880 3010
	Penny Technologies S.à r.l.	  	ING Luxembourg S.A.	  	LU54 0141 6559 1860 3010
	Tellus Oilfield Inc.	  	 Comerica Bank
 Energy Services
Lending
	  	1881588626
	Tiger Cased Hole Services, Inc.	  	Wells Fargo Bank, N.A.	  	4129925392
	Total E&S, Inc.	  	Compass Bank	  	33266944
	 Nabors Production Services Ltd.
 [n/k/a C &
J Energy Production Services-Canada Ltd.]
	  	HSBC Bank Canada	  	149-022557-070
	 Nabors Production Services Ltd.
 [n/k/a C &
J Energy Production Services-Canada Ltd.]
	  	HSBC Bank Canada	  	149-022557-001
	 Nabors Production Services Ltd.
 [n/k/a C &
J Energy Production Services-Canada Ltd.]
	  	HSBC Bank Canada	  	149-022476-001
	 Nabors Production Services Ltd.
 [n/k/a C &
J Energy Production Services-Canada Ltd.]
	  	HSBC Bank Canada	  	149-022557-003
	C&J Corporate Services (Bermuda) Ltd.	  	The Bank of N.T. Butterfield	  	060 1569220010
	C&J Corporate Services (Bermuda) Ltd.	  	The Bank of N.T. Butterfield	  	840 1569220022

 Schedule 7(a) 

Specified Securities Accounts 
  

					
	 Entity
	  	 Bank
	  	 Account Number

	C&J Well Services, Inc.	  	Citibank	  	2580000155
	C&J Well Services, Inc.	  	Citibank	  	6510000207
	C&J Well Services, Inc.	  	Citibank	  	3570000140
	CJ Holding Co.	  	Bank of America	  	5S406B85-428407

 Exhibit A 

Terms of Agreed Restructuring Transaction

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