AMENDMENT NO. 4 TO AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • September 1st, 2023 • Patterson Uti Energy Inc • Drilling oil & gas wells • New York
This AMENDMENT NO. 4 TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), dated as of August 29, 2023 (“Effective Date”), is by and among Patterson-UTI Energy, Inc., a Delaware corporation (“Borrower”), the Lenders (as defined below) party hereto, the L/C Issuers (as defined below) party hereto, and Wells Fargo Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders, as an L/C Issuer, and as the swing line lender under the Credit Agreement referred to below (in such capacity, the “Swing Line Lender”).
August 30, 2023 James “Mike” Holcomb Patterson-UTI Energy, Inc. 10713 W. Sam Houston Parkway North, Suite 800 Houston, Texas 77064 Dear Mike,Patterson Uti Energy Inc • September 1st, 2023 • Drilling oil & gas wells
In connection with the anticipated closing of the acquisition of NexTier Oilfield Solutions Inc. by Patterson-UTI Energy, Inc. (the “Company”) on September 1, 2023 (the “Closing Date” and such acquisition the “Business Combination”), this letter agreement (this “Agreement”) outlines the terms and conditions of the transition of your role within the Company and certain compensation opportunities you will be afforded in connection with the Business Combination. Should the Business Combination fail to close this Agreement shall be void and of no force or effect.
TERM LOAN AGREEMENT Dated as of August 29, 2023 Among PATTERSON-UTI ENERGY, INC., as the Borrower, WELLS FARGO BANK, NATIONAL ASSOCIATION as the Administrative Agent and a Lender, and The Other Lenders Party Hereto WELLS FARGO SECURITIES, LLC, as Lead...Patterson Uti Energy Inc • September 1st, 2023 • Drilling oil & gas wells
This TERM LOAN AGREEMENT is entered into as of August 29, 2023 among PATTERSON-UTI ENERGY, INC., a Delaware corporation (the “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as the Administrative Agent and a Lender.
SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMSSeparation Agreement and General Release of Claims • September 1st, 2023 • Patterson Uti Energy Inc • Drilling oil & gas wells • Texas
This Separation Agreement and General Release of Claims (this “Agreement”) is entered into between NexTier Oilfield Solutions Inc. f/k/a Keane Group, Inc. (“Employer”) and Robert Drummond (“Employee,” together with Employer, the “Parties”). Capitalized terms used herein that are not otherwise defined have the meanings assigned to them in the Employment Agreement (as defined below).
