Amended and Restated Term Note $ 5,800,000 Date: December 17, 2012Platinum Energy Solutions, Inc. • December 21st, 2012 • Oil & gas field services, nec • New York
Promise to Pay. On or before January 1, 2017, for value received, Platinum Energy Solutions, Inc., a Nevada corporation ("Borrower"), promises to pay to ICON Agent, LLC, a Delaware limited liability company whose address is 3 Park Avenue, 36th Floor, New York, NY 10016 (as agent for the Lender, the “Agent”), for the benefit of ICON ECI FUND FIFTEEN, L.P., a Delaware limited partnership, whose address is c/o ICON Agent, LLC, 3 Park Avenue, 36th Floor, New York, NY 10016 (the "Lender"), or order, in lawful money of the United States of America, the sum of Five Million Eight Hundred Thousand Dollars ($5,800,000) or so much thereof as may be advanced and outstanding, plus interest on the unpaid principal balance at the rate or rates set forth in the Credit Agreement, which interest is assessed on the unpaid principal balance of this Note as outstanding from time to time, commencing on the date hereof, and at the Agent's option at the rate of 3.00% per annum above the applicable note rate(s
AMENDED AND RESTATED SECURITY AGREEMENTSecurity Agreement • December 21st, 2012 • Platinum Energy Solutions, Inc. • Oil & gas field services, nec • New York
This AMENDED AND RESTATED SECURITY AGREEMENT (this “Agreement”), dated as of December 17, 2012, by and among PLATINUM ENERGY SOLUTIONS, INC., a Nevada corporation (the “Borrower”), Platinum Pressure Pumping, Inc. (“Guarantor”) and those additional entities that hereafter become parties hereto by executing the form of Joinder attached hereto as Annex 1 (including the Borrower and the Guarantor, each a “Grantor” and collectively, the “Grantors”), and ICON AGENT, LLC, a Delaware limited liability company (the “Agent”), as agent for the Lenders party to the Credit Agreement (defined below).
Amended and Restated Credit AgreementCredit Agreement • December 21st, 2012 • Platinum Energy Solutions, Inc. • Oil & gas field services, nec • New York
This Amended and Restated Credit Agreement (this “Agreement”) dated as of December 17, 2012 is among the lenders set forth on Schedule B attached hereto (together with their respective successors and assigns, each herein referred to as a “Lender” and collectively, the “Lenders”), ICON AGENT, LLC, a Delaware limited liability company, as agent for the Lenders (in such capacity, together with its successors and assigns, “Agent”), PLATINUM ENERGY SOLUTIONS, INC, a Nevada corporation (the “Borrower”), whose address is 2100 West Loop South, Suite 1400, Houston, Texas 77027, and PLATINUM PRESSURE PUMPING, INC., a Delaware corporation (the “Guarantor”), whose address is 2100 West Loop South, Suite 1400, Houston, Texas 77027.
Dated as of December 17, 2012Platinum Energy Solutions, Inc. • December 21st, 2012 • Oil & gas field services, nec • New York
Reference is made to (a) that certain Credit Agreement dated as of December 28, 2011 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Original Credit Agreement”) among Platinum Energy Solutions, Inc., a Nevada corporation (the “Borrower”), Platinum Pressure Pumping, Inc., a Delaware corporation (the “Guarantor”) and JPMorgan Chase Bank, N.A. (“JPMorgan”), which Original Credit Agreement was assigned to the Lenders parties to the Credit Agreement (defined below) and ICON Agent, LLC (the “Agent”) as agent for the Lenders pursuant to that certain Loan Purchase Agreement dated December 17, 2012, by and between JPMorgan Chase Bank, N.A. as seller, and ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P., ICON ECI Fund Fifteen, L.P. and Hardwood Partners, LLC, as purchasers, and the documents made in connection therewith, which Original Credit Agreement is further amended and restated pursuant to that certain Amended and Restated Credit
