Document:

bldr-ex1010_344.htm

 

Exhibit 10.10

LEASE AND MASTER AGREEMENT GUARANTY

THIS LEASE AND MASTER AGREEMENT GUARANTY is made this 31st day of July, 2015, by BUILDERS FIRSTSOURCE INC., a Delaware corporation having its principal place of business at 2001 Bryan Street, Suite 1600, Dallas, Texas 75201 (“Purchaser”), in favor of LN REAL ESTATE LLC, a Washington limited liability company having its principal place of business at 801 Second Avenue, Suite 1300, Seattle, Washington 98104-1517 (“LNRE”).

WITNESSETH:

WHEREAS, Purchaser desires to induce LNRE, landlord in respect of those certain leases (collectively, the “Leases”) with ProBuild Company LLC and Spenard Builders Supply LLC (collectively, the “Tenants”) with respect to certain premises identified on Schedule 1 attached to this Guaranty, to consent under the Leases to a Change in Control (as that term is defined in the Leases) pursuant to which the Tenants will become wholly-owned indirect subsidiaries of the Purchaser (such Change in Control transaction, the “BLDR Acquisition”);

WHEREAS, the Purchaser desires to induce LNRE to consent to the BLDR Acquisition with respect to that certain Master Agreement for Termination and Purchase (the “Master Property Agreement”) by and among LNRE and the Tenants, as successors or assigns to Lanoga and the Lanoga Tenants (as the foregoing two terms are defined in the Master Property Agreement) which relates to the Leases and which was originally dated as of January 31, 2006; and

WHEREAS, the Leases and the Master Property Agreement will provide direct pecuniary advantage to Purchaser; and

WHEREAS, the undertaking of Guarantor (defined below) pursuant to this Guaranty is a material inducement to LNRE to consenting to BLDR Acquisition pursuant to the provisions of the Leases and the Master Property Agreement; and

NOW, THEREFORE, in consideration of Five Dollars ($5.00) paid by LNRE to the Purchaser and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Purchaser hereby covenants and agrees with LNRE, as follows:

1. Guarantor. Purchaser may be referred to in this Guaranty as the “Guarantor.”

2. Guaranteed Obligations.

a. Guarantor, as a primary obligor, hereby: (i) unconditionally guarantees the prompt, punctual and full payment of the rent and all other sums due under the Leases executed by each of the Tenants in accordance with the terms and tenor thereof as completely and effectually as if such guarantee had been made by Guarantor on the face of each Lease; (ii) unconditionally guarantees the prompt, punctual and full performance by each of the Tenants of any and all of the agreements, covenants, terms, obligations and conditions agreed to be performed by the Tenants under the Leases; and (iii) covenants and agrees that in the event of default in payments or any default in the performance of any of the agreements, covenants, terms, obligations or conditions thereof, Guarantor will promptly make or cause such payment to be made or will perform or cause to be performed all such agreements, covenants, terms, obligations and conditions, irrespective of the insufficiency, invalidity or unenforceability of any security therefor. The obligations guaranteed by Purchaser pursuant to this Section 2.a. shall be referred to as the “Lease Obligations.”

b. In addition to the Lease Obligations, Guarantor, as primary obligor, hereby (i) unconditionally guarantees the prompt, punctual and full performance by the Tenants of any and all of the agreements, covenants, terms, obligations and conditions agreed to be performed by the Tenants under the Master Property Agreement in accordance with the terms and tenor thereof as completely and effectually as if such guarantee had been made by Guarantor on the face of the Master Property Agreement, and (ii) covenants and agrees that in the event of default in payment or any default in the performance of any of the agreements, covenants, terms, obligations or conditions under the Master Property Agreement, Guarantor will promptly make or cause such payment to be made or will perform or cause to be performed all such agreements, covenants, terms, obligations and conditions, irrespective of the insufficiency, invalidity or unenforceability of any security therefor. The obligations guaranteed by Guarantor pursuant to this Section 2.b. shall be referred to as the “Master Property Agreement Obligations.”

c. The Lease Obligations and the Master Property Agreement Obligations shall be collectively referred to as the “Guaranteed Obligations.” For avoidance of doubt, the Guaranteed Obligations includes, without limitation, all obligations of the Tenants under the Leases and the Master Property Agreement that arose or accrued at any time prior to the date of this Guaranty.

 

 

3. No Release.

a. Guarantor does hereby further agree that its liability hereunder as Guarantor shall not be prejudiced, impaired or affected by any of the following, whether with or without their knowledge or consent: (i) any renewal or extension of the time of payment of the rent or other sums due under the Leases or of the time for performance by any party obligated under any of the Leases; (ii) by any forbearance or delay in enforcing the payment of the rent or other sums due under the Leases or enforcing the obligations of any party to the Leases; (iii) by any modification, addition or alteration of the terms, tenor or provisions of the Leases; or (iv) by the release of any other collateral or security (including, without limitation, any letter of credit) LNRE may hold for the obligations of Tenants under the Leases.

b. Guarantor does hereby further agree that its liability hereunder as Guarantor shall not be prejudiced, impaired or affected by any of the following, whether with or without its knowledge or consent: (i) any renewal or extension of the time of payment of any sums due under the Master Property Agreement or of the time for performance by any party obligated under the Master Property Agreement; (ii) by any forbearance or delay in enforcing the payment of any sums due under the Master Property Agreement or enforcing the obligations of any party to the Master Property Agreement; (iii) by any modification, addition or alteration of the terms, tenor or provisions of the Master Property Agreement; or (iv) by the release of any other collateral or security (including, without limitation, any letter of credit) LNRE may hold for the obligations of the Tenants under the Master Property Agreement.

4. Irrevocable Guaranty. This Guaranty is and shall be construed to be an irrevocable, absolute, unlimited and continuing guaranty of payment and performance, and the liability of Guarantor hereunder and LNRE's right to pursue Guarantor shall not be affected, delayed, limited, impaired or discharged, in whole or in part, by reason of an extension or discharge that may be granted to any person or entity whose obligations are part of the Guaranteed Obligations by any court in proceedings under the Bankruptcy Code, or any amendments thereof, or under any other state or other federal statutes. Guarantor expressly waives the benefits of any extension or discharge granted to any person or entity whose obligations are part of the Guaranteed Obligations. This Guaranty shall survive notwithstanding the expiration or termination of any Lease or the Master Property Agreement with respect to any sums previously received from any Tenant or from Guarantor that LNRE may be required to repay in such proceeding.

5. Financial Information. Guarantor shall promptly furnish, upon LNRE's written request in connection with any proposed mortgage financing of any of the property subject to the Leases, Guarantor's most current annual financial statement prepared in accordance with generally accepted accounting principles consistently applied (the “Financial Statements”). LNRE shall hold as confidential the Financial Statements and refrain from using any of the information contained therein except in connection with this Guaranty; provided, however, that LNRE shall be allowed to disclose the Financial Statements to any current or prospective lender of LNRE, but only upon receipt by LNRE of a satisfactory confirmation in writing that any such lender shall keep the Financial Statements confidential. In the event that LNRE is requested or required to disclose the Financial Statements, LNRE shall notify Guarantor promptly of the request or requirement so that Guarantor may seek an appropriate protective order. Following such notification, LNRE agrees to take such actions as reasonably requested by Guarantor to seek confidential treatment of the Financial Statements. The foregoing provisions shall not apply to the Financial Statements if generally available to the public immediately prior to the time of disclosure or if obtained by LNRE from a third party with no restriction on disclosure.

6. Right to Proceed. LNRE shall have the right to proceed against Guarantor immediately upon any default by any party with respect to the Guaranteed Obligations, and LNRE shall not be required to take any action or proceedings of any kind against any Tenant or any other party liable for the Guaranteed Obligations or to look to any other collateral or other security (including, without limitation, any letter of credit) LNRE may have for the Guaranteed Obligations. Should LNRE desire to proceed against Guarantor and any other party obligated with respect to any of the Guaranteed Obligations, in the same action, Guarantor agrees that Guarantor may be joined in any such action against any party obligated with respect to the Guaranteed Obligations and that recovery may be had against Guarantor to the extent of Guarantor's liability in such action.

7. Costs. If Guarantor fails or refuses to honor any of its obligations under this Guaranty, LNRE shall be entitled to recover against Guarantor all reasonable attorneys' fees, accountants fees, arbitration fees and any and all consultants and other similar fees and any costs incurred in preserving LNRE's rights under this Guaranty including, but not limited to, such costs and fees incurred in arbitration, mediation or bankruptcy or state receivership or other insolvency or similar proceedings or in any actions to enforce an arbitration award and in any court action provided for herein.

8. Authority. If a corporation, limited partnership or limited liability company is executing this Guaranty, the Guarantor and the individual executing this Guaranty on behalf of the Guarantor personally warrants that execution and delivery hereof and the assumption of liability hereunder have been in all respects authorized and approved by proper action on the part of Guarantor, that Guarantor has full authority and power to execute this Guaranty and that Guarantor is duly formed and in good standing in the state of its formation.

 

		
	
LEASE AND MASTER AGREEMENT GUARANTY
	
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9. Successors and Assigns. This Guaranty shall be binding upon and inure to the benefit of the heirs, personal and legal representatives, successors and assigns of Guarantor and LNRE. LNRE shall have the right to assign and transfer this Guaranty to any assignee of the Leases or the Master Property Agreement to the extent of Guarantor's obligations with respect to the assigned Lease or the Master Property Agreement. LNRE's successors and assigns shall have the rights, elections, remedies, and privileges, discretions and powers granted hereunder to LNRE and shall have the right to rely upon this Guaranty and to enter into and continue other and additional transactions with Tenants in reliance hereon, in the same manner and with the same force and effect as if they were specifically named as LNRE herein. Guarantor may not assign or transfer its obligations under this Guaranty. Any assignment or transfer of a Tenant's rights under the Leases or under the Master Property Agreement shall not affect in any way LNRE's ability to enforce this Guaranty, unless the Tenant is released from liability under a Lease in connection with Tenant's assignment of its rights under the Lease, in which case the Guarantor's obligations with respect to the assigned Lease (but not with respect to any other Guaranteed Obligations) shall also terminate with respect to all liabilities accruing after the date of the assignment.

10. Applicable Law. This Guaranty and the rights of the parties hereto shall be governed by and construed in accordance with the laws of the State of Illinois as applied to agreements entered into and entirely to be performed within that state.

11. No Waiver. Failure of LNRE to insist in any one or more instances upon strict performance of any one or more of the provisions of this Guaranty or to take advantage of any of its rights hereunder shall not be construed as a waiver of any such provisions or the relinquishment of any such rights, but the same shall continue and remain in full force and effect.

12. Election of Remedies. LNRE shall have the right, without affecting Guarantor's obligations hereunder, and without demand or notice, to collect first from any Tenant and to exercise its rights of setoff against any asset of Tenants and to otherwise pursue and collect from Tenants any other indebtedness owed to LNRE not covered by this Guaranty, and any sums received, whether by voluntary payment, offset, or collection efforts, may be applied by LNRE as it sees fit, including, without limitation, the application of all such amounts to other debts that are not Guaranteed Obligations. Subrogation rights or any other rights of any kind of Guarantor against any party whose obligations are guaranteed hereunder, if any, shall not become available until the Guaranteed Obligations are paid in full. This Guaranty shall survive, with respect to the Lease Obligations, the expiration or termination of the Leases to the extent the obligations of Tenants thereunder likewise survive. This Guaranty shall survive, with respect to the Master Property Obligations, the expiration or termination of the Master Property Agreement to the extent the obligations of the Tenants thereunder likewise survive.

13. Collateral. LNRE may proceed against any collateral or other security (including, without limitation, any letter of credit) securing the Guaranteed Obligations and against parties liable therefor in such order as it may elect, and Guarantor shall not be entitled to require LNRE to marshal assets. The benefit of any rule of law or equity to the contrary is hereby expressly waived. LNRE may, in its sole discretion and with or without consideration, release any collateral or other security (including, without limitation, any letter of credit) securing the Guaranteed Obligations or release any party liable therefor. The defenses of impairment of collateral and impairment of recourse and any requirement of diligence on LNRE's part in perfecting or enforcing any lien granted in the Leases or Master Property Agreement or in collecting the obligations under the Leases or Master Property Agreement are hereby waived.

14. Notice of Protest. Guarantor hereby waives any requirement of presentment, protest, notice of dishonor, notice of default, demand, and all other actions or notices that may be required on LNRE's part in connection with the obligations guaranteed hereby.

15. Severability. In the event any portion of this Guaranty shall be declared by any court of competent jurisdiction to be invalid, illegal or unenforceable, such portion shall be deemed severed from this Guaranty, and the remaining parts hereof shall remain in full force and effect, as fully as though such invalid, illegal or unenforceable portion had never been part of this Guaranty.

16. Arbitration. LNRE and Guarantor hereby irrevocably consent and agree that any action or proceeding arising under or in connection with the Guaranty shall be fully and finally resolved by binding arbitration in Chicago, Illinois in accordance with the rules and practices of the American Arbitration Association (“AAA”) from time to time in force and effect. The arbitrator(s) shall have the power to grant any remedy or relief that they deem just and equitable, including but not limited to injunctive and equitable relief and remedies, whether interim and/or final in nature. Such arbitration shall be administered by the AAA under its commercial arbitration rules and the parties agree to venue in Chicago, Illinois. Except with respect to equitable remedies of the parties under this Guaranty, including, but not limited to, the right of specific performance, which may be enforced by action in any appropriate court of law or statutory non judicial action or pursuant to arbitration, this agreement to arbitrate shall be the exclusive remedy for the resolution of such disputes under this Guaranty and shall be specifically enforceable. Judgment upon any award shall be entered in any court in Chicago, Illinois. The parties hereby submit to the exclusive jurisdiction of the courts so selected, to the exclusion of any other court which might have had jurisdiction apart from this Section 16, waive any defense of lack of in personam jurisdiction of such courts and agree that service of process in any action before such courts may be made by mailing it to the party to be served at the address provided above (or such other address in the United States as a party may notify to the other). Subject to the provisions below, the 

 

		
	
LEASE AND MASTER AGREEMENT GUARANTY
	
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costs and expenses of arbitration shall be paid equally by the parties. Any determination made during such arbitration shall be final and binding on each party and their successors and assigns, and judgment thereon may be entered in any court in Chicago Illinois. One arbitrator shall be used unless the damages alleged or the amounts in controversy alleged are in excess of $1 million, in which case three arbitrators shall be used. The arbitrator(s) shall have continuing jurisdiction to implement its decision. Each party shall initially be responsible for its own costs and attorney's fees, and shall share the expenses of the arbitration equally; provided that the arbitrator(s) shall award all expenses of the arbitration, costs and reasonable attorney's fees to the prevailing party. The Federal Arbitration Act shall govern all proceedings brought hereunder.

17. TIME OF THE ESSENCE. TIME IS OF THE ESSENCE IN THE PERFORMANCE OF

THIS GUARANTY AND EACH AND EVERY TERM AND PROVISION HEREOF.

[Signature Page Follows]

 

		
	
LEASE AND MASTER AGREEMENT GUARANTY
	
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IN WITNESS WHEREOF, each Guarantor has executed this Guaranty as of the day and year first set forth above.

 

	
 
	
 
	
 
	
 
	
GUARANTOR:

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
Witness:
	
 
	
BUILDERS FIRSTSOURCE, INC., a Delaware corporation

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
/s/ Jeffrey Wier
	
 
	
By:
	
 
	
/s/ Donald F. McAleenan

	
 
	
 
	
 
	
 
	
Name:
	
 
	
Donald F. McAleenan 

	
Date:
	
 
	
07/31/2015 
	
 
	
Title:
	
 
	
Senior Vice President, General Counsel and Secretary

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
ACCEPTED AND ACKNOWLEDGED:
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
LN REAL ESTATE LLC, a Washington limited liability company
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
Date:
	
 
	
July 29, 2015
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
By:
	
 
	
/s/ Nick A. Pavelich
	
 
	
 
	
 
	
 

	
Name:
	
 
	
Nick A. Pavelich
	
 
	
 
	
 
	
 

	
Title:
	
 
	
President
	
 
	
 
	
 
	
 

 

 

 

 

		
	
LEASE AND MASTER AGREEMENT GUARANTY
	
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Schedule I

 

	
 
	
Lease
	
Property Address

	
1.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Breese — 

8120 Old US Hwy 50

Breese, IL

	
2.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Brookings — 

3200 E. Sixth Street

Brookings, SD

	
3.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Butte — 

2805 Kaw Avenue

Butte, MT

	
4.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Cadillac — 

2201 North Mitchell

Cadillac, MI

	
5.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Clackamas — 

15877 SE 98th Avenue

Clackamas, OR

	
6.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Clark —

101 South Cloud Street 

Clark, SD

	
7.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Cody — 

1938 Sheridan Avenue

Cody, WY

	
8.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Cokato — 

170 Broadway Avenue 

S. Cokato, MN

	
9.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Home Lumber Company

(as assigned to ProBuild Company LLC)
	
Colorado Springs —2810 

Capital Drive Colorado 

Springs, CO

	
10.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Dixieline Lumber Company)
	
Colton — 

12212 Holly Street

Colton, CA

	
11.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Cortez — 

12028 Hwy 145

Cortez, CO

	
12.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Coupeville — 

102 Southwest Terry Road

Coupeville, WA

	
13.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Davenport — 

6727 N. Brady Street

Davenport, IA

	
14.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
DePere — 

3400 So. Ridge Road

DePere, WI

	
15.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Detroit Lakes — 

1448 Cormorant Ave. 

Detroit Lakes, MN 

(Property No. 131)

	
16.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Detroit Lakes — 

920 Randolph Rd. 

Detroit Lakes, MN 

(Property No. 132)

	
17.
	
Lease, dated January 31 , 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Detroit Lakes — 

950 Randolph Rd. 

Detroit Lakes, MN 

(Property No. 130)

 

 

	
 
	
Lease
	
Property Address

	
18.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Devils Lake — 

1417 Hwy 2 East 

Devils Lake, ND

	
19.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Dickinson — 

646 E. Villard 

Dickinson, ND

	
20.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Dolores — 

27151 County Rd. M

Dolores, CO

	
21.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Dover —

650 Pearl Street

Dover, MN

	
22.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Dubuque — 

10581 Rt. 52 N 

Dubuque, IA

	
23.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Eau Claire — 

3701 N. Hastings Way

Eau Claire, WI

	
24.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Elkader — 

24411 Hwy 13 North

Elkader, IA

	
25.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Ellettsville —

711 East Temperance

Ellettsville, IN

	
26.
	
Lease, dated October 19, 2010, by and between LN Real Estate, LLC and ProBuild Company LLC
	
Escondido — 

561 N. Tulip Street

Escondido, CA

	
27.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Evansville — 

4800 East Yellowstone

Evansville, WY

	
28.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Fergus Falls — 

1315 Pebble Lake Road

Fergus Falls, MN

	
29.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Flagstaff— 

1200 E. Butler Avenue

Flagstaff, AZ

	
30.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Forest Grove — 

920 Elm Street 

Forest Grove, OR

	
31.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Fort Atkinson — 

1400 Jamesville Avenue

Fort Atkinson, WI

	
32.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Fort Wayne — 

12727 Lima Road 

Fort Wayne, IN

	
33.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and PL2 Limited Partnership

(as assigned to ProBuild Company LLC)
	
Fredericksburg —

1119 Hwy  16 South 

Fredericksburg, TX

	
34.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Garden City —1514-18 

East Fulton Street

Garden City, KS

	
35.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Gaylord — 

1054 Old U.S. 27 North

Gaylord, MI

	
36.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Gig Harbor — 

5522 Point Fosdick Dr. NW

Gig Harbor, WA

 

 

	
 
	
Lease
	
Property Address

	
37.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Graham — 

20810 Meridian East

Graham, WA

	
38.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Grand Rapids —

1250 S. Pokegama Ave.

Grand Rapids, MN

	
39.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Great Falls — 

826 NW Bypass 

Great Falls, MT

	
40.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Greenville — 

N 1824 Greenville Drive

Greenville, WI

	
41.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Greenwood — 

517 South Main Street

Greenwood, WI

	
42.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Hastings —

Spiral Boulevard 

Hastings, MN

	
43.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Havre — 

2225 East 1st Street

Havre, MT

	
44.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Hawarden — 

4283 Birch Avenue

Hawarden, IA

	
45.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Hawley — 

801 Burns Street

Hawley, MN

	
46.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Helena — 

1000 East Lyndale

Helena, Montana

	
47.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Hermiston — 

81054 Highway 395 N

Hermiston, OR

	
48.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Spenard Builders Supply LLC
	
Homer — 

3978 Lake Street

Homer, AK

	
49.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Hopkinsville — 

385 North Drive 

Hopkinsville, KY

	
50.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Hot Springs — 

1045 S. Sixth Street

Hot Springs, SD

	
51.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Huron — 

1455 3rd Street S.E.

Huron, SD

	
52.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Huron — 

445 4th Street 

Northwest Huron, SD

	
53.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and UBC East, LLC

(as assigned to ProBuild Company LLC)
	
Indianapolis — 

1717 West Washington Street

Indianapolis, IN

	
54.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Iowa Falls — 

220 South Oak Street

Iowa Falls, IA

 

 

	
 
	
Lease
	
Property Address

	
55.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Jamestown — 

1905 8th Avenue 

Southwest Jamestown, ND

	
56.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Spenard Builders Supply LLC
	
300022 Kalifornski Beach Road 

Kenai, AK

	
57.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Spenard Builders Supply LLC
	
Kenai —

13936 Spur Hwy

Kenai, AK

	
58.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Kennewick — 

3919 W Clearwater

Kennewick, WA

	
59.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Spenard Builders Supply LLC
	
Kodiak — 

1600 Mill Bay Road

Kodiak, AK

	
60.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Dixieline Lumber Company)
	
La Mesa — 

3607 Avocado 

Boulevard

La Mesa, CA

	
61.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Dixieline Lumber Company)
	
La Mesa — 

8372 Center Drive

La Mesa, CA

	
62.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
LaCrosse —

1701 West Avenue S.

LaCrosse, WI

	
63.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Lake Havasu — 

694 Lake Havasu North

Lake Havasu, AZ

	
64.
	
Lease dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC
	
Lakeview — 

1303 N. Fourth Street

Lakeview, OR

	
65.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Lakeville — 

11356 215th Street West

Lakeville, MN

	
66.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Lakeville — 

9130 West 202nd Street

Lakeville, MN

	
67.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Laramie —

2000 South 15th Street

Laramie, WY

	
68.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Lee's Summit — 

103 SE Oldham 

Parkway

Lee's Summit, MO

	
69.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Lexington — 

1551 Mercer Road

Lexington, KY

	
70.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Lincoln City — 

6305 SW Highway 101

Lincoln City, OR

	
71.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Little Falls — 

200 N.E. 5th Street

Little Falls, MN

	
72.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Home Lumber Company

(as assigned to ProBuild Company LLC)
	
Littleton — 

8347 Blakeland Drive

Littleton, CO

 

 

	
 
	
Lease
	
Property Address

	
73.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Home Lumber Company

(as assigned to ProBuild Company LLC)
	
Littleton — 

8037 Midway Drive

Littleton, CO

	
74.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Home Lumber Company

(as assigned to ProBuild Company LLC)
	
Longmont — 

4058 Camelot Circle

Longmont, CO

	
75.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Longview — 

642 Commerce Avenue

Longview, WA

	
76.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Madison — 

319 1st Street 

Madison, MN

	
77.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Madison —

1102 Lumbermans Trail

Madison, WI

	
78.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Madison — 

401 South Washington

Avenue

Madison, SD

	
79.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Manchester — 

1001 East Main 

Manchester, IA

	
80.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Mandan — 

1513 39th Avenue SE

Mandan, ND

	
81.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Mankato — 

Route 4 Box 12 

Mankato, MN

	
82.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Mansfield — 

2275 Stumbo Road

Mansfield, OH

	
83.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Marquette —

3330 U.S. Highway 41

Marquette, MI

	
84.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Marshfield —

2600 S. Galvin Ave.

Marshfield, WI

	
85.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Mason City — 

516 2nd Northwest

Mason City, IA

	
86.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
McCall — 

400 Deinhard Lane

McCall, ID

	
87.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermen, Inc.)
	
McMinnville — 

545 N Highway 99 W

McMinnville, OR

	
88.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Menomonie — 

421 Oak Avenue 

Menomonie, WI

	
89.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Middleton— 

1987 Pleasant View Road

Middleton, WI

(Property No. 215)

	
90.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Middleton — 

1987 Pleasant View Road

Middleton, WI

(Property No. 216)

 

 

	
 
	
Lease
	
Property Address

	
91.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC
	
Midvale — 

7380 S. 700 West

Midvale, UT

	
92.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Miles City— 

819 Washington Street

Miles City, MT

	
93.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Minocqua — 

7450 Hwy. 51 South

Minocqua, WI

	
94.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Mitchell — 

1705-1707 West Havens

Mitchell, SD

	
95.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Monroe — 

5395 West County Road Drive

Monroe, WI

	
96.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Montevideo — 

412 Canton Avenue

Montevideo, MN

	
97.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Dixieline Lumber Company)
	
National City —3450 

Highland Ave. 

National City, CA

	
98.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
New Hampton — 

Hwy 18 West 

New Hampton, IA

	
99.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
New Hampton —

714 West Milwaukee New 

Hampton, IA

	
100.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
New Richmond —606 North Knowles Avenue

New Richmond, WI

	
101.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Newport — 

615 N Coast Highway

Newport, OR

	
102.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Olympia — 

1830 Black Lake Blvd. S.W.

Olympia, WA

	
103.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Osakis — 

105 East First Avenue

Osakis, MN

	
104.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Othello — 

1050 S. 1st Avenue

Othello, WA

	
105.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Pequot Lakes — 

4326 E. Sibley St. 

Pequot Lakes, MN

	
106.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Petoskey — 

1282 U.S. 31 North

Petoskey, MI

	
107.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Pierre — 

800 E. Sioux

Pierre, SD

	
108.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Platteville — 

100 East Side Road

Platteville, WI

 

 

	
 
	
Lease
	
Property Address

	
109.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Portage — 

8400 Shaver Road

Portage, MI

	
110.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Prescott Valley —6601 E. 

2nd Street Prescott 

Valley, AZ

	
111.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Rapid City — 

666 Howard Street

Rapid City, SD

	
112.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Richland —

1214 Aaron Drive

Richland, WA

	
113.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Richland Center —

598 South Church Street

Richland Center, WI

	
114.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Rochester — 

2751 7th Street NW

Rochester, MN

	
115.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Rudyard — 

11020 W. Kipling Drive

Rudyard, MI

	
116.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Saginaw — 

5340 Midland Road

Saginaw, MI

	
117.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Salina — 

707 North Broadway

Salina, KS

	
118.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Salinas — 

1250 Abbott Street

Salinas, CA

	
119.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Dixieline Lumber Company)
	
San Diego — 

7292 Miramar Road

San Diego, CA

	
120.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Santa Cruz — 

235 River Street 

Santa Cruz, CA

	
121.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Santa Cruz — 

1230 Thompson Avenue

Santa Cruz, CA

	
122.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Seaside — 

84808 Frontage Road

Seaside, OR

	
123.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Sedona — 

2385 West Highway

89A

Sedona, AZ

	
124.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Sequim —

259110 Hwy 101 W

Sequim, WA

	
125.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Spenard Builders Supply, LLC
	
Seward — 

10010 Old Seward Highway

(Mile 3.5 Seward)

Seward, AK

	
126.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Shelbyville — 

1051 Taylorsville Road

Shelbyville, KY

 

 

	
 
	
Lease
	
Property Address

	
127.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Show Low — 

1300 N. 16th Street

Show Low, AZ

	
128.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Sidney — 

100 14th Street Southeast 

Sidney, MT

	
129.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Silvis —

1301 First Avenue

Silvis, IL

	
130.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Sioux City — 

2210 East 4th Street

Sioux City, Iowa

	
131.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Sioux Falls — 

27077 S. Tallgrass Ave.

Sioux Falls, SD

	
132.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Spenard Builders Supply, LLC
	
Sitka — 

104 Smith Street

Sitka, AK

	
133.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
1701 S. Main St. 

Snowflake, AZ

	
134.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Spenard Builders Supply, LLC
	
Soldotna — 

44785 Funny River Road

Soldotna, AK

	
135.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Soquel — 

2435 41st Avenue

Soquel, CA

	
136.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Spearfish — 

203 West Hudson Street

Spearfish, SD

	
137.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Spokane — 

10310 East Montgomery

Spokane, WA

	
138.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC
	
St. Cloud — 

2915 Roosevelt Road

St. Cloud, MN

	
139.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
St. Helen — 

6045 E. West Branch Street

St. Helen, MI

	
140.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Storm Lake — 

206 Salebarn Road

Storm Lake, IA

	
141.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Tacoma — 

5519 20th Street East

Tacoma, WA

	
142.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Tangent — 

33535 Highway 99 E

Tangent, OR

	
143.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Thief River — 

1301 Highway 1 & 59 North

Thief River Falls, MN

	
144.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Tolono — 

Route 45 South 

Tolono, IL

	
145.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Wadena — 

1100 N. Jefferson

Wadena, MN

 

 

	
 
	
Lease
	
Property Address

	
146.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Wahpeton —7955 180th 

Avenue Southeast 

Wahpeton, ND

	
147.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Walker — 

4369 Spencer Grove

Walker, IA

	
148.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC

(as successor to Lumbermens, Inc.)
	
Walla Walla — 

North I I th

Walla Walla, WA

	
149.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and ProBuild Company LLC 

(as successor to Lumbermens, Inc.)
	
Walla Walla — 

508 Wellington Ave.

Walla Walla, WA

	
150.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Waseca — 

206 South State Street

Waseca, MN

	
151.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Spenard Builders Supply, LLC
	
Wasilla — 

1700 W Parks Hwy

Wasilla, AK

	
152.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation 

(as assigned to ProBuild Company LLC)
	
Waterloo — 

2015 West Ridgway

Avenue

Waterloo, IA

	
153.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Watertown —

920 9th Avenue S.W.

Watertown, SD

	
154.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Waukon — 

219 Highway 9 

Southwest 

Waukon, IA

	
155.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Wausau — 

801 South 24th Avenue

Wausau, WI

	
156.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC 

(as successor to Lumbermens, Inc.)
	
West Richland — 

4213 South 47th Avenue

West Richland, WA

	
157.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Wheaton — 

15 - 11th Street South

Wheaton, MN

	
158.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Wichita — 

125 W. MacArthur Rd.

Wichita, KS

	
159.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation 

(as assigned to ProBuild Company LLC)
	
Williston — 

401 East 26th St.

Williston, ND

	
160.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation

(as assigned to ProBuild Company LLC)
	
Winona —

126 North Baker Street

Winona, MN

	
161.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation 

(as assigned to ProBuild Company LLC)
	
Winona — 

3560 North Service Drive

Winona, MN

	
162.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC 

(as successor to Lumbermens, Inc.)
	
Yakima — 

1301 East Mead

Yakima, WA

 

 

	
 
	
Lease
	
Property Address

	
163.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation 

(as assigned to ProBuild Company LLC)
	
Zimmerman — 

26229 Fremont Drive

Zimmerman, MN

	
164.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Aberdeen — 

205 1st Avenue 

Southeast 

Aberdeen, SD 

(Property No. 186)

	
165.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Alexandria — 

203 North Broadway

Alexandria, MN 

(Property No. 139)

	
166.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Algona — 

Highway 169 South

Algona, IA

	
167.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Anchorage — 

4412 Lois Drive 

Anchorage, AK 

(Property No. 12)

	
168.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Anchorage — 

10010 Old Seward Hwy. 

Anchorage, AK 

(Property No. 13)

	
169.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Austin — 

3714 4th Street NW 

Austin, MN

(Property No. 138)

	
170.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Baker City — 

3515 Pocahontas Road Baker 

City, OR (Property No. 173)

	
171.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Alma — 

3680 W. Monroe

Alma, MI

	
172.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
1141 M-32 West Route 6

Alpena, MI

	
173.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Bemidji -- 

1635 Paul Bunyan Drive NW

Bemidji, MN

	
174.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Big Lake — 

10927 W Parks Hwy.

Big Lake, AK

	
175.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Billings — 

542 Main Street

Billings, MT

	
176.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Bay City — 

391 East Midland Road

Bay City, MI

	
177.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Bloomer —

810 17th Avenue

Bloomer, WI

	
178.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Bonney Lake — 

22816 SR 410 East 

Bonney Lake, WA

	
179.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Boone — 

924 10th Street

Boone, IA

 

 

	
 
	
Lease
	
Property Address

	
180.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Brainerd — 

410 South 8th Street

Brainerd, MN

	
181.
	
Lease, dated as of January 31, 2006, by and between LN Real Estate LLC and ProBuild Company LLC
	
Lomira —

W 964 Highway 49

Lomira, WI

	
182.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation 

(as assigned to ProBuild Company LLC)
	
Topeka -- 4501 NW 

Hwy 24, Topeka, KS

	
183.
	
Lease, dated January 31, 2006, by and between LN Real Estate, LLC and Lanoga Corporation 

(as assigned to ProBuild Company LLC)
	
Beaver Dam -- 

N6543 Hwy 151 South,

Beaver Dam, WIExhibit

Exhibit 10.2
TRANSITION AGREEMENT AND GENERAL RELEASE

This Transition Agreement and General Release ("Agreement"), is entered into by and between Kim Clarke ("Executive") and  Key Energy Services, Inc. on behalf of itself, its parents, subsidiaries, affiliates, successors, assigns, past or present directors, officers, fiduciaries, agents, trustees, administrators and employees (collectively "Company”).

WHEREAS, Executive and Company are parties to an Amended and Restated Employment Agreement dated December 31, 2007 (“Employment Agreement”; and

WHEREAS, the Company desires to reorganize its executive management team in a manner that may result in a material diminution of Executive’s authority, duties, responsibilities and/or budget and constitute Good Reason for Executive’s resignation under the Employment Agreement; and

WHEREAS, Executive and Company wish to provide for Executive’s continued employment during a transition period followed by Executive’s resignation for Good Reason and entitlement to the Severance Compensation provided under the Employment Agreement;

THEREFORE, the Parties agree as follows:

1.    Termination of Employment.  Executive’s employment with the Company will continue until, and terminate on, March 31, 2016, unless extended by mutual agreement (“Separation Date”).  As soon as practicable following the Separation Date, Executive will be paid for any accrued but unused vacation days, and for any previously submitted unreimbursed business expenses (in accordance with the Company’s applicable guidelines and practices). To the extent that Executive has any accrued, vested benefits under any other employee benefit, savings, insurance, or pension plan of the Company, Executive’s rights and obligations shall be governed by this Agreement and the applicable terms of any such plan(s) and applicable law.  Concurrent with Executive’s termination of employment on the Separation Date, Executive acknowledges her resignation as an officer of the Company and all positions of any of the Company’s affiliates or subsidiaries of which she has held office in any capacity.  Executive agrees to take any and all further acts necessary to accomplish these resignations.

2.    Transitional Employment Period.  In exchange for Executive’s execution of this Agreement and compliance with its terms and conditions, Company agrees:

a.    To continue to employ Executive in accordance with the terms of this Agreement for a period commencing on the date this Agreement is signed by Company and Executive and  ending on the Separation Date (hereinafter referred to as the "Employment Term").  Notwithstanding the foregoing, the Company in its sole discretion may specify a date prior to the Separation Date after which Executive will not be required to report to work (the "Leave Date"); however, during the period between the Leave Date (if any) and the Separation Date, (a) Executive will be expected to be available to timely respond to inquiries from Company employees, officers or directors (including by email and telephone) and (b) from time to time Executive may also be requested upon reasonable notice, to perform specific work assignments either at Company’s premises or remotely. Executive will continue to receive the salary and other compensation and benefits set forth in this Agreement during the period between the Leave Date (if any) and the Separation Date, whether or not Executive is requested to respond to inquiries or perform work during such period. At all times up to the Separation Date, whether or not a Leave Date is specified, Executive will remain subject to all company policies applicable to active employees. In addition, the Company shall retain the right to terminate Executive’s employment in accordance with the termination 

-1-

provisions set forth in Executive’s Employment Agreement and, provided that the Company pays Executive all compensation to which Executive would otherwise have been entitled during the Employment Term.

b.    During the Employment Term, Company shall compensate Executive as follows:  (i) base salary, in an amount equal to Executive’s then current base salary (which at the time of execution of this Agreement is $334,941.00 per year), payable in accordance with the Company’s existing payroll practices, (ii) a onetime cash retention payment guaranteed at $175,000, payable on March 31, 2016, and (iii) any Equity-Based Incentives which have not previously vested as of March 31, 2016 shall immediately vest on March 31, 2016.  In the event Executive and the Company agree to extend the Employment Term, the extension shall be on a month-to-month basis.  Executive shall receive her then current monthly base salary and an additional cash retention payment of $30,000.00, for each month that the Employment Term is extended.  Both the base pay and the additional cash retention payment shall be paid within 15 days of the end of each month.  

All compensation paid to Executive shall be subject to applicable tax withholdings and payroll deductions.  Executive will not be eligible to participate in future long term incentive plans. 

c.    In addition, during the Employment Term, Executive shall continue to be entitled to participate in all employee benefit plans in which Executive is currently participating, in accordance with the terms of such plans. The foregoing shall not be interpreted as limiting Executive’s rights to participate, during the Employment Term, in new or other plans for which Executive is eligible and/or has enrolled, in accordance with the terms of such plans.

3.    Satisfactory Performance.  Executive agrees that during the Employment Term, she shall devote all of her time and attention during usual business hours to the satisfactory performance of Executive’s duties for Company and shall perform such services for Company as may be specifically requested by Executive’s supervisor and/or Company’s Board of Directors.    

4.    Separation Benefits.  Provided that Executive has complied with the terms of this Agreement, including the satisfactory performance of all responsibilities required under Paragraph 3 above, and in exchange for Executive’s executing a non-revocable release on or about Executive’s Separation Date as set forth in paragraph 5(d)(vi) of Executive’s Employment Agreement, Executive shall be deemed to have resigned for Good Reason on the Separation Date and shall be entitled to receive all Severance Compensation set forth in paragraph 5(d)(e) and (f) of Executive’s  Employment Agreement. The Base Salary for purposes of calculating Severance Compensation shall be $360,150.00 per year.

5.    Change In Control.  In the event there is a Change In Control, as defined in Executive’s Employment Agreement, prior to Executive’s Separation Date, then Executive shall be entitled to receive the Enhanced Severance Amount set forth in paragraph 5(d)(iii) of Executive’s Employment Agreement.

6.    Release.     

a.    In consideration for the payments and benefits being provided to Executive pursuant to this Agreement, Executive, for herself and her heirs, executors, administrators, trustees, legal representatives  and assigns (hereinafter referred to collectively as "Releasors"), forever release and discharge the Company from any and all claims, demands, causes of action, fees and liabilities of any kind whatsoever, whether known or unknown, which Executive ever had, now have, or may have against the Company by reason of any act, omission, transaction, practice, plan, policy, procedure, conduct, occurrence, or other matter up to and including the date on which Executive signs this Agreement (other 

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than claims for accrued and vested benefits under any qualified or non-qualified employee benefit, savings, insurance, or pension plan, subject to the terms and conditions of such plan(s) and applicable law); and

b.    Without limiting the generality of the foregoing, this waiver and release of claims is intended to and shall release the Company from any and all claims, whether
known or unknown, which Releasors ever had, now have, or may have against the Company arising out of Executive’s employment and/or Executive’s separation from that employment, including, but not limited to:  (i) any claim under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Employee Retirement Income Security Act of 1974 (excluding claims for accrued, vested benefits under
any employee benefit, savings, insurance, or pension plan of the Company subject to the terms and conditions of such plan and applicable law), and the Family and Medical Leave Act; (ii) any claim under Chapter 21 et. seq. of the Texas Labor Code (iv) any whistleblower-related claims under the Corporate Fraud and Criminal Fraud Accountability Act of 2002 or the Dodd­ Frank Act of 2010; (v) any other claim (whether based on federal, state, or local law, statutory or decisional) including but not limited to breach of contract (express or implied), wrongful discharge, retaliation, whistleblowing, detrimental reliance, defamation, emotional distress or compensatory or punitive damages; and (vi) any claim for attorneys' fees, costs, disbursements and/or the like.  Nothing in this waiver and release of claims shall be a waiver or release of (a) claims that may arise after the date on which Executive sign this Agreement, (b) Executive’s rights under COBRA, (c) any rights to accrued, vested benefits under any employee benefit, savings, insurance, or pension plan of the Company, (d) Executive’s rights to unemployment insurance benefits (application for which shall not be contested by Company); (e) any right of indemnification as provided by, and in accordance with the terms of, applicable by-laws, or (f) any claims that cannot be waived by law.

This Agreement does not apply to any claims or rights that may arise after the date that Executive signs this Agreement, to vested rights under Executive’s Employee benefit plans as applicable, or to claims that the controlling law clearly states may not be released by settlement.  
This Agreement does not apply to any claims for indemnification or for advancement or reimbursement of legal fees and related expenses by Executive pursuant to the Maryland Code, Corporation and Associations; the Parent’s Amended and Restated Articles of Incorporation; the Parent’s Amended and Restated Bylaws; or other corporate documents and relevant laws.  The Agreement does not apply to or affect Executive’s claims to coverage, if any, under any relevant policies of insurance, including but not limited to Directors’ and Officers’ insurance policies.

This Agreement is not intended to preclude any claim for set-off, contribution, or comparative or proportionate responsibility that may be raised in defense of any claim that may be filed against Executive.

Nothing in this Agreement generally prevents Executive from filing a charge or complaint with or from participating in an investigation or proceeding conducted by the Equal Employment Opportunity Commission (EEOC), National Labor Relations Board (NLRB), or any other federal, state, or local agency charged with the enforcement of any employment laws.  Despite this, by signing this Agreement, Executive is waiving Executive’s right to monetary recovery based on claims asserted in such a charge or complaint.  

6.    Waiver of Relief.  Nothing in this Agreement or any of the provisions above shall be construed to prevent Executive from responding truthfully to a valid subpoena or from filing a charge with, or participating in any investigation conducted by, a governmental agency. Nevertheless, Executive acknowledges and agrees that by virtue of the foregoing, Executive has waived any relief available to 

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Executive (including without limitation, monetary damages, equitable relief and reinstatement) under any of the claims and/or causes of action waived in this Agreement.  Therefore, Executive agrees that she will not seek or accept any award or settlement from any source or proceeding (including but not limited to any proceeding brought by any other person or by any government agency) with respect to any claim or right waived in this Agreement.

7.  ADVICE OF COUNSEL; REVOCATION PERIOD; OTHER INFORMATION: THIS AGREEMENT SPECIFICALLY WAIVES ALL OF EXECUTIVE’S RIGHTS AND CLAIMS ARISING UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967 (29 U.S.C. § 621 et seq.), AS AMENDED, AND THE OLDER WORKERS’ BENEFIT PROTECTION ACT, AS AMENDED.  In connection herewith, Executive understands and agrees that: 

		
	a.
	Executive is waiving rights or claims under the Age Discrimination in Employment Act and the Older Workers’ Benefit Protection Act in exchange for consideration that is in addition to anything of value to which Executive is already entitled.    

		
	b.
	Executive has had ample opportunity to consult with an attorney prior to executing this Agreement.  The Company advised Executive and encouraged Executive in writing herein to consult with an attorney prior to signing this Agreement.  

		
	c.
	Executive has carefully read and fully understands all of the provisions and effects of this Agreement and Executive knowingly and voluntarily (of Executive’s own free will) entered into all of the terms set forth in this Agreement.   

		
	d.
	Executive knowingly and voluntarily intends to be legally bound by all of the terms set forth in this Agreement.  

		
	e.
	Executive relied solely and completely upon Executive’s own judgment or the advice of an attorney in entering into this Agreement.

		
	f.
	Executive further understands that Executive has been given at least twenty-one days to consider the terms of this Agreement before signing it.    

		
	g.
	If Executive signs this Agreement prior to the end of the twenty-one day time period, Executive certifies that, in accordance with 29 CFR §1625.22(e)(6), Executive knowingly and voluntarily decided to sign the Agreement after considering it less than twenty-one days and the decision to do so was not induced by the Company through fraud, misrepresentation, or a threat to withdraw or alter the offer prior to the expiration of the twenty-one day time period.  Executive has not been asked by the Company to shorten the time-period for consideration of whether to sign this Agreement.  If Executive decides to sign this Agreement prior to the end of the twenty-one day time period, the Company will not provide different terms to Executive as a result of this decision.  Executive understands that if Executive waives some portion of the twenty-one day time period, the Company may expedite the processing of benefits provided to Executive in exchange for signing this Agreement.

		
	h.
	Executive understands that Executive may change Executive’s mind and revoke this Agreement at any time within seven days after Executive signs it by sending notice of revocation to the attention of Katherine Hargis, Associate General Counsel, by fax (713-651-4559) and certified mail, return receipt requested, to 1301 McKinney St., Suite 1800, Houston, Texas 77010.  Executive understands that this Agreement shall not become effective or enforceable until after the seven-day revocation period has expired. 

8.    Severability.  If any provision of this Agreement is held by a court of competent jurisdiction or arbitrator to be illegal, void or unenforceable, this Agreement shall be deemed amended by modifying or deleting, as necessary, such illegal, void or unenforceable provisions; however, the remaining provisions shall be unaffected thereby and shall be enforced to the maximum extent possible.  

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Further, if a court or arbitrator should determine that any portion of this Agreement is overbroad or unreasonable, such provision shall be given effect to the maximum extent possible by modifying, narrowing or enforcing in part, as necessary, that aspect of the provision found overbroad or unreasonable, and the remaining provisions or portions of this Agreement shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted by law.  Additionally, each party agrees that any breach of this Agreement by it shall constitute a material breach as to which the other may seek all relief available at law and equity.

9.    Mutual Non-Disparagement: Executive agrees not to commit any act or make any statement to any third party that is, or could reasonably be interpreted as, detrimental to the business, reputation, or good will of the Company including disparaging or embarrassing the Company or its officers, directors, agents, and/or other personnel or employees. Company agrees not to make any statement to any third party that is, or could reasonably be interpreted as, embarrassing, detrimental or disparaging to the character or reputation of the Executive.  

10.    No Adverse Cooperation:    Executive agrees not to act in any manner that might damage the business of the Company.  Executive further agrees that Executive will not knowingly encourage, counsel, or assist any attorneys or their clients in the presentation or prosecution of any disputes, differences, grievances, claims, charges or complaints by any third party against any of the Company unless under a subpoena or other court order to do so.  Executive agrees both to immediately notify the Company upon receipt of any such subpoena or court order, and to furnish, within three (3) business days of its receipt, a copy of such subpoena or other court order to the Company.  If approached by anyone for counsel or assistance in the presentation or prosecution of any disputes, differences, grievances, claims, charges or complaints against any of the Company or its affiliates, Executive shall state no more than that she cannot provide counsel or assistance. This provision does not apply to any assistance or cooperation that Executive may be asked to provide to the U.S. Securities and Exchange Commission (“SEC”) or the U.S. Department of Justice (“DOJ”) in connection with the investigations that are discussed in the Parent’s Form 10-K for the year ended December 31, 2014.

11.    Cooperation:  Executive agrees to cooperate, at the reasonable request of the Company, in the defense and/or prosecution of any charges, claims, investigations (internal or external), administrative proceedings, and/or lawsuits relating to matters occurring during Executive’s period of employment, including the investigations that are discussed in the Company’s Form 10-K for the year ended December 31, 2014, and to make herself reasonably available upon request for interviews by the Company and/or its outside counsel as necessary to accomplish this requirement.  Executive further agrees to consider, in good faith, in consultation with her counsel as applicable, requests from the SEC and/or DOJ, as well as from outside counsel of the Company, to cooperate with the SEC and/or DOJ in connection with the investigations that are discussed in the Company’s Form 10-K for the year ended December 31, 2014, in such form and extent that are required for the purposes of such investigations, and during the entire period of their duration.  The Company agrees to reimburse Executive for travel costs and reasonable incidental expenses, including reasonable attorneys’ fees incurred in connection with such cooperation.  Executive acknowledges that any payment, advancement, or reimbursement of legal fees incurred in connection with such cooperation will be governed by the advancement and indemnification provisions of the Company’s Directors’ and Officers’ insurance policy, the Company’s charter documents, and Maryland law.  In performing Executive’s obligations under this paragraph to testify or otherwise provide information, Executive will honestly, truthfully, forthrightly, and completely provide the information requested.

12.    Assignment.  This Agreement is binding upon, and shall inure to the benefit of, the parties and their respective heirs, executors, administrators, successors and assigns.

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13.    Governing Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Texas without regard to the principles of conflicts of law; and

    

14.    Entire Agreement.  This Agreement and the Executive’s Amended and Restated Employment Agreement, along with any of Executive’s equity award agreements, constitute the complete understanding between Executive and Company, and supersede any and all agreements, understandings, and discussions, whether written or oral.  No other promises or agreements shall be binding unless in writing and signed by both Company and Executive after the Effective Date of this Agreement.

(remainder of the page has been left intentionally blank)

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EXECUTIVE

_________________________________            Date:  _________________, 2015.
Kim Clarke

KEY ENERGY SERVICES, INC.                Date:  _________________, 2015.

By:______________________________________
Name:  __________________________________
Its:  _____________________________________

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