ROBERT DRUMMOND AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • May 13th, 2016 • Key Energy Services Inc • Oil & gas field services, nec • Texas
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (as from time to time amended in accordance with the provisions hereof, this “Agreement”), is entered into as of the 25th of April, 2016, by and between Robert Drummond (the “Executive”), KEY ENERGY SERVICES, INC., a Maryland corporation with executive offices at 1301 McKinney Street, Suite 1800, Houston, Texas 77010 (the “Parent”) and KEY ENERGY SERVICES, LLC, a Texas limited liability company (the “Company”) (Executive, Parent, and the Company collectively referred to as the “Parties”). The Parties intend for this Agreement to be effective as of March 5, 2016 (the “Commencement Date”).
LIMITED CONSENT TO LOAN AGREEMENT AND FORBEARANCE AGREEMENTLoan Agreement and Forbearance Agreement • May 13th, 2016 • Key Energy Services Inc • Oil & gas field services, nec • New York
This Limited Consent to Loan Agreement and Forbearance Agreement, dated as of May 11, 2016 (this “Agreement”) is among KEY ENERGY SERVICES, INC., a Maryland corporation (the “Company”), KEY ENERGY SERVICES, LLC, a Texas limited liability company (“Key Energy LLC”, and together with the Company, collectively, “Borrowers”), certain subsidiaries of the Borrowers as Guarantors, Lenders and Co-Collateral Agents party to this Agreement and BANK OF AMERICA, N.A., a national banking association, as administrative agent for the Lenders (in such capacity, “Administrative Agent”).
FORBEARANCE AGREEMENTForbearance Agreement • May 13th, 2016 • Key Energy Services Inc • Oil & gas field services, nec • New York
THIS FORBEARANCE AGREEMENT (this “Forbearance”) dated as of May 11, 2016 is among KEY ENERGY SERVICES, INC., a Maryland corporation (the “Borrower”), each of the guarantors party hereto (the “Guarantors”), each of the lenders party hereto (the “Consenting Lenders” and collectively with each other lender under the Credit Agreement (as defined below), the “Lenders”) and CORTLAND CAPITAL MARKET SERVICES LLC, as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent” and collectively with the Borrower, the Guarantors and the Lenders, the “Parties”).
