FIFTH AMENDMENT TO LOAN AGREEMENTLoan Agreement • January 6th, 2005 • Grey Wolf Inc • Drilling oil & gas wells • New York
THIS FIFTH AMENDMENT TO LOAN AGREEMENT (this “Amendment”) is made and entered into as of this 31st day of December, 2004, by and among THE CIT GROUP/BUSINESS CREDIT, INC., a New York corporation (“CITBC”), in its individual capacity as a Lender and as Agent for the Lenders hereinafter named (the “Agent”), WELLS FARGO FOOTHILL, INC., a California corporation formerly known as Foothill Capital Corporation (“Wells Fargo”), PNC BANK, NATIONAL ASSOCIATION, a national banking association (“PNC”), and any other party hereafter becoming a Lender pursuant to Section 12.4(b) of the Loan Agreement (as hereinafter defined), each individually sometimes referred to as a “Lender” and, collectively, the “Lenders”), GREY WOLF DRILLING COMPANY L.P., a Texas limited partnership (the “Borrower”), GREY WOLF, INC., a Texas corporation (the “Parent”), GREY WOLF HOLDINGS COMPANY, a Nevada corporation (“Holdings”), GREY WOLF LLC, a Louisiana limited liability company (“GWLLC”), DI ENERGY, INC., a Texas corpora
