CONTRIBUTION AGREEMENT by and among NEW SOURCE ENERGY PARTNERS L.P. (“ACQUIRER”) AND BRIAN N. AUSTIN ROD’S HOLDINGS, LLC ERICK’S HOLDINGS, LLC (“CONTRIBUTORS”) dated as of June 26, 2014Contribution Agreement • July 1st, 2014 • New Source Energy Partners L.P. • Crude petroleum & natural gas • Oklahoma
This CONTRIBUTION AGREEMENT, dated as of June 26, 2014 (this “Agreement”), is entered into by and among NEW SOURCE ENERGY PARTNERS L.P., a Delaware limited partnership (“Acquirer”), and J. MARK SNODGRASS, an individual residing in Kingfisher, Oklahoma (“Mr. Snodgrass”), BRIAN N. AUSTIN, an individual residing in Kingfisher, Oklahoma (“Mr. Austin”), ROD’S HOLDINGS, LLC, a Delaware limited liability company (“RPS Holdings”) and ERICK’S HOLDINGS, LLC, an Delaware limited liability company (“EFS Holdings” and collectively with Mr. Snodgrass, Mr. Austin and RPS Holdings, “Contributors” and each a “Contributor”). Contributors and Acquirer are sometimes referred to collectively herein as the “Parties” and individually as a “Party”.
FIRST AMENDED AND RESTATED LOAN AND SECURITY AGREEMENTLoan and Security Agreement • July 1st, 2014 • New Source Energy Partners L.P. • Crude petroleum & natural gas • Oklahoma
THIS FIRST AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (“Agreement”) is made this 26th day of June, 2014, by and between ERICK FLOWBACK SERVICES, LLC, an Oklahoma limited liability company (“EFS”), and ROD’S PRODUCTION SERVICES, L.L.C., a Delaware limited liability company (“RPS”) (EFS and RPS are collectively referred to herein as “Borrowers”), MARK SNODGRASS, an individual, and BRIAN AUSTIN, an individual, and MCE, LP, a Delaware limited partnership (“MCE”) (herein collectively “Guarantors”) and BANK 7, 1039 NW 63rd St., Oklahoma City, OK 73116 (“Bank 7” or “Lender”).
