0000950129-08-003452 Sample Contracts

WAIVER AGREEMENT
Waiver Agreement • June 11th, 2008 • Pioneer Drilling Co • Drilling oil & gas wells • Texas

This WAIVER AGREEMENT (“Agreement”) dated as of June 9, 2008 (“Effective Date”) is among Pioneer Drilling Company, a Texas corporation (“Borrower”), the Guarantors (as defined below), the Lenders (as defined below) signatory hereto, and Wells Fargo Bank, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), as issuing lender (in such capacity, the “Issuing Lender”), and as swing line lender (in such capacity, the “Swing Line Lender”).

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