EIGHTEENTH AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENTLoan and Security Agreement • July 1st, 2019 • Dawson Geophysical Co • Oil & gas field exploration services
THIS EIGHTEENTH AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Amendment”) dated as of JUNE 30, 2019 (the “Amendment Effective Date”), is by and between (a) VERITEX COMMUNITY BANK, a Texas state bank, as successor-in-interest to SOVEREIGN BANK by merger (together with its successors and assigns, “Lender”), and (b) DAWSON GEOPHYSICAL COMPANY, a Texas corporation (“Debtor”), formerly known as TGC INDUSTRIES, INC.
June 28, 2019Letter Agreement • July 1st, 2019 • Dawson Geophysical Co • Oil & gas field exploration services • Texas
This letter agreement (this “Letter Agreement”) sets forth the Executive’s and the Company’s agreement concerning the amendment of certain provisions of the Employment Agreement as follows and is effective as of the Executive’s (i) retirement and termination of employment with the Company and its subsidiaries and (ii) termination of service on the Company’s board of directors (the “Board”) and on the board of directors or board of managers of any Company subsidiary, in each case as of 11:59 p.m. (Midland, Texas time) on June 30, 2019 pursuant to the Executive’s statement of resignation set forth herein (the “Resignation Statement”):
