Between2003 Consolidated Loan Agreement • June 3rd, 2003 • Pioneer Drilling Co • Drilling oil & gas wells • Texas
THIS 2003 CONSOLIDATED LOAN AGREEMENT (the “Loan Agreement”) will serve to set forth the terms of the financing transactions by and between PIONEER DRILLING SERVICES, LTD., a Texas limited partnership (formerly known as Pioneer Drilling Co., Ltd.) (“Pioneer Services”), PIONEER DRILLING COMPANY, a Texas corporation (formerly known as South Texas Drilling & Exploration, Inc.) (“Pioneer Company”), (Pioneer Services and Pioneer Company being collectively referred to herein as “Pioneer”) and THE FROST NATIONAL BANK, a national banking association (“Lender”). This Loan Agreement hereby amends and restates (i) that certain Loan Agreement dated August 11, 2000, executed by and between Pioneer Company and Lender, as amended; (ii) that certain Loan Agreement dated March 30, 2001, executed by and between Pioneer Services and Lender, as amended; and (iii) that certain First Amended and Restated Loan Agreement dated March 19, 2002, executed by and between Pioneer Services and Lender, as amended.
