MASTER AGREEMENTMaster Agreement • August 14th, 2012 • Forbes Energy Services Ltd. • Oil & gas field services, nec • Alabama
THIS MASTER AGREEMENT, dated as of June 6, 2012 (this “Master Agreement”), is among: (a) TX Energy Services, LLC, a Delaware limited liability company, file number 4379582, and C.C. Forbes, LLC, a Delaware limited liability company, file number 4379586, (each a “Company” and collectively, the “Companies”), each with a principal place of business at 3000 South Business Highway 281, Alice, Texas and (b) REGIONS EQUIPMENT FINANCE CORPORATION, an Alabama corporation (“REFCO”), and REGIONS COMMERCIAL EQUIPMENT FINANCE, LLC, an Alabama limited liability company (“RCEF”) both with an office at 1900 Fifth Avenue North, Suite 2400, Birmingham, Alabama 35203. Certain definitions and constructions of terms used in this Master Agreement are provided in Section XIV hereof.
CONTINUING GUARANTY AGREEMENT (the “Guaranty”) COMPANIES: TX ENERGY SERVICES, LLC AND C.C. FORBES, LLC MASTER AGREEMENT DATED: JUNE 6, 2012 (the “Master Agreement”)Continuing Guaranty Agreement • August 14th, 2012 • Forbes Energy Services Ltd. • Oil & gas field services, nec • New York
WHEREAS, the undersigned (hereinafter referred to as the “Guarantor”) has agreed to guarantee the payment of all credit heretofore or hereafter extended and all advances heretofore or hereafter made by Regions Equipment Finance Corporation (“REFCO”) and/or Regions Commercial Equipment Finance, LLC (“RCEF”) to TX ENERGY SERVICES, LLC and C.C. FORBES, LLC (hereinafter referred to individually as a “Company” and collectively as the “Companies”), and of all other Liabilities (as hereinafter defined) of the Company to REFCO and/or RCEF (REFCO and RCEF are hereinafter collectively referred to as “Regions”) under the Master Agreement referenced above and all Schedules thereto (collectively, the “Agreement”).
