LOAN AND SECURITY AGREEMENT dated as of April 13, 2017 by and among FORBES ENERGY SERVICES LLC (as Borrower) and FORBES ENERGY INTERNATIONAL, LLC, TX ENERGY SERVICES, LLC, C.C. FORBES, LLC, and FORBES ENERGY SERVICES LTD. (as Guarantors) and...Loan and Security Agreement • April 18th, 2017 • Forbes Energy Services Ltd. • Oil & gas field services, nec • New York
This LOAN AND SECURITY AGREEMENT, dated April 13, 2017, is entered into by and among FORBES ENERGY SERVICES LLC, a limited liability company formed under the laws of the State of Delaware (“Borrower”), TX ENERGY SERVICES, LLC, a limited liability company formed under the laws of the State of Delaware (“TX Energy”), C.C. FORBES, LLC, a limited liability company formed under the laws of the State of Delaware (“C.C.”), FORBES ENERGY INTERNATIONAL, LLC, a limited liability company formed under the laws of the State of Delaware (“International”), and FORBES ENERGY SERVICES LTD., a Texas corporation (“Parent”; and together with TX Energy, C.C., and International, and any other Person that at any time after the date hereof becomes a Guarantor, each a “Guarantor” and collectively, the “Guarantors”), the lenders which are now or which hereafter become a party hereto (each a “Lender” and collectively, the “Lenders”) and Wilmington Trust, National Association (in its individual capacity, “Wilming
EMPLOYMENT AGREEMENTEmployment Agreement • April 18th, 2017 • Forbes Energy Services Ltd. • Oil & gas field services, nec • Texas
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of the April 13, 2017, but is effective as of the Commencement Date (as hereinafter defined), by and between Forbes Energy Services LLC, a Delaware limited liability company (the “Employer”), and Steve Macek, residing at 4305 Spring Creek Dr., Corpus Christi, TX 78410 (the “Employee”).
April 13, 2017Agreement Regarding Cash Collateral and Letters of Credit • April 18th, 2017 • Forbes Energy Services Ltd. • Oil & gas field services, nec • New York
Reference is further made to (i) the letters of credit issued by Regions as Issuer under the Loan Agreement and outstanding as of the date hereof (the “Existing Letters of Credit”) which are described further on Exhibit A attached hereto in the aggregate face amount of $$9,027,259.68 and (ii) that certain payoff confirmation letter dated as of the date hereof by and among Agent and the Loan Parties (the “Payoff Letter”).
