BACKSTOP COMMITMENT AGREEMENT AMONG KEY ENERGY SERVICES, INC. AND THE BACKSTOP PARTICIPANTS PARTY HERETO Dated as of September 21, 2016Backstop Commitment Agreement • September 22nd, 2016 • Key Energy Services Inc • Oil & gas field services, nec • New York
THIS BACKSTOP COMMITMENT AGREEMENT (this “Agreement”), dated as of September 21, 2016, is made by and among Key Energy Services, Inc., a Maryland corporation (“Key” and, as reorganized following the Plan Effective Date and converted to a Delaware corporation, “Reorganized Key”, and Key and Reorganized Key, as applicable, the “Company”), and each Backstop Participant set forth on Schedule 1 hereto (including, as applicable, any Transferee in accordance with the terms hereof) (each a “Backstop Participant” and, collectively, the “Backstop Participants”). Key and each Backstop Participant is referred to herein, individually, as a “Party” and, collectively, as the “Parties”.
