INTERCREDITOR AGREEMENTIntercreditor Agreement • January 9th, 2008 • Forster Drilling Corp • Oil & gas field machinery & equipment • Texas
This INTERCREDITOR AGREEMENT is dated as of January 3, 2008, and entered into by and among FIRST SECURITY BANK, as trustee and collateral agent under the Senior Note Indenture (as hereinafter defined) the (“Senior Note Trustee”),BANK OF THE OZARKS in its capacity as trustee and collateral agent under the Subordinated Note Indenture (as hereinafter defined) (the “Subordinated Note Trustee”), FORSTER DRILLING CORPORATION, a Nevada corporation, (the “Borrower”) and Forster Drilling, Inc., a Texas corporation, Forster Tool & Supply, Inc., a Nevada corporation, and Forster Exploration & Production, Inc., a Nevada corporation (individually, as “Subsidiary” and, collectively, the “Subsidiaries”). Capitalized terms used herein but not otherwise defined herein have the meanings set forth in Section 1 below.
SENIOR PLEDGE AGREEMENTSenior Pledge Agreement • January 9th, 2008 • Forster Drilling Corp • Oil & gas field machinery & equipment • Texas
THIS SENIOR PLEDGE AGREEMENT (this “Agreement”) dated as of January 3, 2008, is made by FORSTER DRILLING CORPORATION, a Nevada corporation, (the “Pledgor”), in favor of FIRST SECURITY BANK (the “Trustee”).
SUBORDINATED PLEDGE AGREEMENTSubordinated Pledge Agreement • January 9th, 2008 • Forster Drilling Corp • Oil & gas field machinery & equipment • Texas
THIS SUBORDINATED PLEDGE AGREEMENT (this “Agreement”) dated as of January 3, 2008, is made by FORSTER DRILLING CORPORATION, a Nevada corporation, (the “Pledgor”), in favor of Bank of the Ozarks (the “Trustee”).
SUBORDINATED SECURITY AGREEMENTSubordinated Security Agreement • January 9th, 2008 • Forster Drilling Corp • Oil & gas field machinery & equipment • Texas
THIS SUBORDINATED SECURITY AGREEMENT is made as of January 3, 2008, by Forster Drilling Corporation, a Nevada corporation (“Borrower”), Forster Drilling, Inc., a Texas corporation, Forster Tool & Supply, Inc., a Nevada corporation, and Forster Exploration & Production, Inc., a Nevada corporation, each a wholly-owned subsidiary of Borrower (the “Subsidiaries”; and collectively with the Borrower, “Grantor”), in favor of Bank of the Ozarks (“Trustee”).
SENIOR SECURITY AGREEMENTSenior Security Agreement • January 9th, 2008 • Forster Drilling Corp • Oil & gas field machinery & equipment • Texas
THIS SUBORDINATED SECURITY AGREEMENT is made as of January 3, 2008, by Forster Drilling Corporation, a Nevada corporation (“Borrower”), Forster Drilling, Inc., a Texas corporation, Forster Tool & Supply, Inc., a Nevada corporation, and Forster Exploration & Production, Inc., a Nevada corporation, each a wholly-owned subsidiary of Borrower (the “Subsidiaries”; and collectively with the Borrower, “Grantor”), in favor of First Security Bank (“Trustee”).
