AMENDMENT NO. 1 TO THE FORBEARANCE AGREEMENTForbearance Agreement • September 16th, 2016 • Forbes Energy Services Ltd. • Oil & gas field services, nec
Contract Type FiledSeptember 16th, 2016 Company IndustryTHIS AMENDMENT NO. 1 (this “Amendment”), dated as of September 13, 2016, to the Forbearance Agreement dated July 15, 2016 (the “Forbearance Agreement”), by and among (1) FORBES ENERGY SERVICES LTD, a Texas corporation (the “Issuer”), as issuer of the 9% Senior Notes due 2019 (the “Notes”) issued pursuant to that certain indenture dated as of June 7, 2011 (the “Indenture”) by and among the Issuer, the Guarantors (as defined below) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), (2) the following affiliates of the Issuer: FORBES ENERGY SERVICES, LLC, a limited liability company formed under the laws of the State of Delaware (“Energy Services”), 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.”), and FORBES ENERGY INTERNATIONAL, LLC, a limited liability company formed under the laws of the State of Del