FORBEARANCE AGREEMENT –AMENDMENT NO. 1Forbearance Agreement • June 6th, 2016 • Key Energy Services Inc • Oil & gas field services, nec • New York
THIS AMENDMENT NO. 1 dated as of June 6, 2016 (this “Amendment No. 1”) to the FORBEARANCE AGREEMENT dated as of May 11, 2016 (the “Forbearance Agreement”), is entered into by and among KEY ENERGY SERVICES, INC., a Maryland corporation (the “Borrower”), each of the guarantors party hereto (the “Guarantors”), each of the lenders party hereto (the “Consenting Lenders” and collectively with each other lender under the Credit Agreement (as defined below), the “Lenders”) and CORTLAND CAPITAL MARKET SERVICES LLC, as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent” and collectively with the Borrower, the Guarantors and the Lenders, the “Parties”)
LIMITED CONSENT AND AMENDMENT TO LIMITED CONSENT TO LOAN AGREEMENT AND FORBEARANCE AGREEMENTLoan Agreement • June 6th, 2016 • Key Energy Services Inc • Oil & gas field services, nec • New York
This Limited Consent and Amendment to Limited Consent to Loan Agreement and Forbearance Agreement (this “Agreement”), dated as of June 6, 2016, is among KEY ENERGY SERVICES, INC., a Maryland corporation (the “Company”), KEY ENERGY SERVICES, LLC, a Texas limited liability company (“Key Energy LLC”, and together with the Company, collectively, “Borrowers”), certain subsidiaries of the Borrowers as Guarantors, Lenders and Co-Collateral Agents party to this Agreement and BANK OF AMERICA, N.A., a national banking association, as administrative agent for the Lenders (in such capacity, “Administrative Agent”).
