FIFTH AMENDMENT TO REVOLVING CREDIT AND SECURITY AGREEMENTRevolving Credit and Security Agreement • December 7th, 2006 • Union Drilling Inc • Drilling oil & gas wells • New York
THIS FIFTH AMENDMENT TO REVOLVING CREDIT AND SECURITY AGREEMENT (this ‘‘Amendment’’) is made and entered into effective as of the 5th day of December, 2006 (the ‘‘Effective Date’’), by and among UNION DRILLING, INC., a corporation organized under the laws of the State of Delaware (‘‘Union Drilling’’), THORNTON DRILLING COMPANY, a corporation originally organized under the laws of the Delaware, and successor to Thornton Drilling Company, a corporation organized under the laws of the State of Colorado (‘‘Thornton’’), and UNION DRILLING TEXAS, LP, a Texas limited partnership (‘‘UDT’’) (Union Drilling, Thornton and UDT, individually and collectively, jointly and severally, ‘‘Borrower’’ and/or ‘‘Borrowers’’), PNC BANK, NATIONAL ASSOCIATION (‘‘PNC’’), as agent for the financial institutions (collectively ‘‘Lenders’’ and each a ‘‘Lender’’), which are now or which hereafter become a party to the Credit Agreement (defined below) (PNC, in such capacity, ‘‘Agent’’) and Lenders.
