KEY ENERGY SERVICES, INC. $150,000,000 63/8% Senior Notes due 2013 UNDERWRITING AGREEMENTUnderwriting Agreement • May 13th, 2003 • Key Energy Services Inc • Drilling oil & gas wells • New York
Key Energy Services, Inc., a Maryland corporation (the "Company"), proposes, subject to the terms and conditions contained herein, to sell to the several underwriters named in Schedule I hereto (the "Underwriters"), $150,000,000 in aggregate principal amount of its 63/8% Senior Notes due 2013 (the "Notes") subject to the terms and conditions set forth herein. The Notes are to be issued pursuant to an indenture, dated as of May 9, 2003 (the "Base Indenture"), as supplemented by the First Supplemental Indenture thereto, to be dated as of the Delivery Date (as defined herein) (the "Supplemental Indenture" and, together with the Base Indenture, the "Indenture"), between the Company and U.S. Bank National Association, a national banking association, as trustee (the "Trustee"). The form of the Supplemental Indenture will be filed on Form 8-K and incorporated by reference as exhibit to the registration statement referred to below. The Company's obligations under the Notes, including the due a
