among
as the Borrower,
as Administrative Agent,
an L/C Issuer, Swing Line Lender and a Lender,
as Syndication Agent and an L/C Issuer
as Documentation Agent
andBANC OF AMERICA SECURITIES LLC
as Co-Lead Arrangers and Joint Book Runners
Page | ||||||||||
ARTICLE I | DEFINITIONS AND ACCOUNTING TERMS | 1 | ||||||||
1.01 | Defined Terms | 1 | ||||||||
1.02 | Other Interpretive Provisions | 21 | ||||||||
1.03 | Accounting Terms | 22 | ||||||||
1.04 | Rounding | 22 | ||||||||
1.05 | Times of Day | 22 | ||||||||
1.06 | Letter of Credit Amounts | 22 | ||||||||
1.07 | Responsible Officer | 22 | ||||||||
ARTICLE II | THE COMMITMENTS AND CREDIT EXTENSIONS | 23 | ||||||||
2.01 | Loans | 23 | ||||||||
2.02 | Borrowings, Conversions and Continuations of Loans | 23 | ||||||||
2.03 | Letters of Credit | 24 | ||||||||
2.04 | Voluntary Prepayments | 33 | ||||||||
2.05 | Mandatory Prepayments | 33 | ||||||||
2.06 | Termination or Reduction of Commitments | 34 | ||||||||
2.07 | Repayment of Loans | 34 | ||||||||
2.08 | Interest | 34 | ||||||||
2.09 | Fees | 35 | ||||||||
2.10 | Computation of Interest and Fees | 35 | ||||||||
2.11 | Evidence of Debt | 36 | ||||||||
2.12 | Payments Generally; Administrative Agent’s Clawback | 36 | ||||||||
2.13 | Sharing of Payments by Lenders | 38 | ||||||||
2.14 | Increase in Commitments | 39 | ||||||||
2.15 | Swing Line Loans | 40 | ||||||||
ARTICLE III | TAXES, YIELD PROTECTION AND ILLEGALITY | 43 | ||||||||
3.01 | Taxes | 43 | ||||||||
3.02 | Illegality | 45 | ||||||||
3.03 | Inability to Determine Rates | 46 | ||||||||
3.04 | Increased Costs; Reserves on Eurodollar Rate Loans | 46 | ||||||||
3.05 | Compensation for Losses | 47 | ||||||||
3.06 | Mitigation Obligations; Replacement of Lenders | 48 | ||||||||
3.07 | Survival | 48 | ||||||||
ARTICLE IV | CONDITIONS PRECEDENT TO CREDIT EXTENSIONS | 48 | ||||||||
4.01 | Conditions of Initial Credit Extension | 48 | ||||||||
4.02 | Conditions to all Credit Extensions | 50 | ||||||||
ARTICLE V | REPRESENTATIONS AND WARRANTIES | 51 | ||||||||
5.01 | Existence, Qualification and Power; Compliance with Laws | 51 | ||||||||
5.02 | Authorization; No Contravention | 51 | ||||||||
5.03 | Governmental Authorization; Other Consents | 51 |
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(continued)
Page | ||||||||||
5.04 | Binding Effect | 52 | ||||||||
5.05 | Financial Statements; No Material Adverse Effect | 52 | ||||||||
5.06 | Litigation | 52 | ||||||||
5.07 | No Default | 52 | ||||||||
5.08 | Ownership of Property; Liens | 52 | ||||||||
5.09 | Environmental Compliance | 52 | ||||||||
5.10 | Insurance | 53 | ||||||||
5.11 | Taxes | 53 | ||||||||
5.12 | ERISA Compliance | 53 | ||||||||
5.13 | Subsidiaries; Equity Interests | 54 | ||||||||
5.14 | Margin Regulations; Investment Company Act | 54 | ||||||||
5.15 | Disclosure | 54 | ||||||||
5.16 | Compliance with Laws | 54 | ||||||||
ARTICLE VI | AFFIRMATIVE COVENANTS | 55 | ||||||||
6.01 | Financial Statements | 55 | ||||||||
6.02 | Certificates; Other Information | 56 | ||||||||
6.03 | Notices | 57 | ||||||||
6.04 | Payment of Obligations | 57 | ||||||||
6.05 | Preservation of Existence, Etc | 58 | ||||||||
6.06 | Maintenance of Properties | 58 | ||||||||
6.07 | Maintenance of Insurance | 58 | ||||||||
6.08 | Compliance with Laws | 58 | ||||||||
6.09 | Books and Records | 58 | ||||||||
6.10 | Inspection Rights | 58 | ||||||||
6.11 | Use of Proceeds | 59 | ||||||||
6.12 | Additional Guarantors | 59 | ||||||||
ARTICLE VII | NEGATIVE COVENANTS | 59 | ||||||||
7.01 | Liens | 59 | ||||||||
7.02 | Foreign Subsidiaries and Joint Ventures | 60 | ||||||||
7.03 | Indebtedness of Subsidiaries | 61 | ||||||||
7.04 | Fundamental Changes | 61 | ||||||||
7.05 | Hedging Agreements | 63 | ||||||||
7.06 | Change in Nature of Business | 63 | ||||||||
7.07 | Transactions with Affiliates | 63 | ||||||||
7.08 | Burdensome Agreements | 63 | ||||||||
7.09 | Use of Proceeds | 64 | ||||||||
7.10 | Financial Covenants | 64 | ||||||||
ARTICLE VIII | EVENTS OF DEFAULT AND REMEDIES | 64 | ||||||||
8.01 | Events of Default | 64 | ||||||||
8.02 | Remedies Upon Event of Default | 66 |
-ii-
(continued)
Page | ||||||||||
8.03 | Application of Funds | 67 | ||||||||
ARTICLE IX | ADMINISTRATIVE AGENT | 67 | ||||||||
9.01 | Appointment and Authority | 67 | ||||||||
9.02 | Rights as a Lender | 68 | ||||||||
9.03 | Exculpatory Provisions | 68 | ||||||||
9.04 | Reliance by Administrative Agent | 69 | ||||||||
9.05 | Delegation of Duties | 69 | ||||||||
9.06 | Resignation of Administrative Agent | 69 | ||||||||
9.07 | Non-Reliance on Administrative Agent and Other Lenders | 70 | ||||||||
9.08 | No Other Duties, Etc | 70 | ||||||||
9.09 | Administrative Agent May File Proofs of Claim | 71 | ||||||||
9.10 | Guaranty Matters | 71 | ||||||||
ARTICLE X | MISCELLANEOUS | 72 | ||||||||
10.01 | Amendments, Etc | 72 | ||||||||
10.02 | Notices; Effectiveness; Electronic Communication | 73 | ||||||||
10.03 | No Waiver; Cumulative Remedies | 74 | ||||||||
10.04 | Expenses; Indemnity; Damage Waiver | 74 | ||||||||
10.05 | Payments Set Aside | 76 | ||||||||
10.06 | Successors and Assigns | 76 | ||||||||
10.07 | Treatment of Certain Information; Confidentiality | 80 | ||||||||
10.08 | Right of Setoff | 81 | ||||||||
10.09 | Interest Rate Limitation | 81 | ||||||||
10.10 | Counterparts; Integration; Effectiveness | 82 | ||||||||
10.11 | Survival of Representations and Warranties | 82 | ||||||||
10.12 | Severability | 82 | ||||||||
10.13 | Impacted Lenders | 82 | ||||||||
10.14 | Governing Law; Jurisdiction; Etc | 84 | ||||||||
10.15 | Waiver of Jury Trial | 85 | ||||||||
10.16 | USA PATRIOT Act Notice | 86 | ||||||||
10.17 | ENTIRE AGREEMENT | 86 | ||||||||
10.18 | Termination of Commitments under Existing Credit Agreement | 86 | ||||||||
SIGNATURES | S-1 |
-iii-
(continued)
1.01 | Existing Letters of Credit | |
2.01 | Commitments and Applicable Percentages | |
5.13 | Subsidiaries; Other Equity Investments | |
7.01 | Existing Liens | |
10.02 | Administrative Agent’s Office; Certain Addresses for Notices |
Form of | ||
A | Loan Notice | |
B | Note | |
C | Compliance Certificate | |
D | Assignment and Assumption | |
E | Guaranty | |
F | Opinion of Counsel | |
G | Swing Line Loan Notice | |
H | Prepayment Notice |
-iv-
Eurodollar | ||||||||
Debt to | Rate; | |||||||
Pricing | Capitalization | Commitment | Letters of | |||||
Level | Ratio | Fee | Credit | Base Rate | ||||
1 | Less than or equal to 20% | 1.00% | 3.00% | 2.00% | ||||
2 | Greater than 20%, but less than or equal to 30% | 1.05% | 3.50% | 2.50% | ||||
3 | Greater than 30% | 1.125% | 4.00% | 3.00% |
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PATTERSON-UTI ENERGY, INC., a Delaware corporation, as Borrower | ||||
By: | /s/ Douglas J. Wall | |||
Name: | Douglas J. Wall | |||
Title: | President and Chief Executive Officer | |||
(Patterson — UTI Energy, Inc.)
WELLS FARGO BANK, N.A., as Administrative Agent, an L/C Issuer and a Lender | ||||
By: | /s/ Michael W. Nygren | |||
Name: | Michael W. Nygren | |||
Title: | Vice President | |||
(Patterson — UTI Energy, Inc.)
BANK OF AMERICA, N.A., as a Lender and as an L/C Issuer | ||||
By: | /s/ Gabe Gomez | |||
Name: | Gabe Gomez | |||
Title: | Vice President | |||
(Patterson — UTI Energy, Inc.)
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender | ||||
By: | /s/ Laurence J. Bressler | |||
Name: | Laurence J. Bressler | |||
Title: | Authorized Signatory | |||
(Patterson — UTI Energy, Inc.)
AMEGY BANK, NATIONAL ASSOCIATION, as a Lender | ||||
By: | /s/ Scott Collins | |||
Name: | Scott Collins | |||
Title: | Vice President | |||
(Patterson — UTI Energy, Inc.)
COMERICA BANK, as a Lender | ||||
By: | /s/ Cyd Dillahunty | |||
Name: | Cyd Dillahunty | |||
Title: | Vice President | |||
(Patterson — UTI Energy, Inc.)
HSBC BANK USA, N.A., as a Lender | ||||
By: | /s/ Anil Chandy | |||
Name: | Anil Chandy | |||
Title: | Assistant Vice President | |||
By: | /s/ Bruce Robinson | |||
Name: | Bruce Robinson | |||
Title: | Vice President | |||
(Patterson — UTI Energy, Inc.)
AMOUNT | ||||||||||||||
ISSUER | L/C # | ACCOUNT PARTY | BENEFICIARY | AVAILABLE | MATURITY | |||||||||
Bank of America, N.A. | 3072456 | Patterson-UTI Energy, Inc. | Liberty Mutual Insurance Company | 45,712,000.00 | 11/7/2009 | |||||||||
Bank of America, N.A. | 3072477 | Patterson-UTI Energy, Inc. | United States Fidelity and Guaranty Company | 35,000.00 | 3/29/2009 | |||||||||
Bank of America, N.A. | 3072454 | Patterson-UTI Energy, Inc. | Ace Fire Underwriters Insurance | 989,000.00 | 9/3/2009 | |||||||||
Bank of America, N.A. | 3072455 | Patterson-UTI Energy, Inc. | Zurich American Insurance Company | 450,000.00 | 10/1/2009 | |||||||||
Bank of America, N.A. | 3074338 | Patterson-UTI Energy, Inc. | Liberty Mutual Insurance Company | 7,034,000.00 | 4/5/2009 | |||||||||
Bank of America, N.A. | 3074584 | Patterson-UTI Energy, Inc. | Zurich American Insurance Company | 1,350,000.00 | 3/29/2009 | |||||||||
Bank of America, N.A. | 3072455 | Patterson-UTI Energy, Inc. | National Union Fire Insurance Co. | 2,600,000.00 | 12/20/2009 | |||||||||
Bank of America, N.A. | 3087210 | Patterson-UTI Energy, Inc. | Highland Insurance Company | 285,000.00 | 3/30/2009 | |||||||||
TOTAL: | 58,455,000.00 |
Lender | Commitment | Applicable Percentage | ||||||
Wells Fargo Bank, N.A. | $ | 75,000,000 | 34.09091 | % | ||||
Bank of America, N.A. | $ | 45,000,000 | 20.45455 | % | ||||
The Bank of Tokyo-Mitsubishi UFJ, Ltd. | $ | 30,000,000 | 13.63636 | % | ||||
Amegy Bank, National Association | $ | 25,000,000 | 11.36364 | % | ||||
Comerica Bank | $ | 25,000,000 | 11.36364 | % | ||||
HSBC Bank USA, N.A. | $ | 20,000,000 | 9.09091 | % | ||||
Total | $ | 220,000,000 | 100.00000 | % |
State of | ||||||||
Percent Owned | Incorporation | |||||||
Name | by Borrower | or Organization | ||||||
Ambar Lone Star Fluids Services LLC | 100 | % | Texas | |||||
Patterson (GP) LLC | 100 | % | Delaware | |||||
Patterson Petroleum LLC | 100 | % | Texas | |||||
Patterson-UTI Drilling Co. Canada | 100 | % | Nova Scotia | |||||
Patterson-UTI Drilling Company LLC | 100 | % | Texas | |||||
Patterson-UTI Management Services, LLC | 100 | % | Delaware | |||||
Universal Well Services, Inc. | 100 | % | Delaware | |||||
UTI Drilling Canada, Inc. | 100 | % | Delaware | |||||
UTICO LLC | 100 | % | Delaware |
Number of | ||||||||
Entity | Interests Held | Description of Interests | ||||||
Arrow Construction, Inc. | 5 | Shares of Common Stock | ||||||
EB2B Comm Inc. | 1,500 | Shares of Preferred Convertible Series B | ||||||
ECOMM Security Inc. | 50,000 | Shares of Preferred Series A | ||||||
EPL Acquisition Corp. | 28,820 | Shares of Common Stock | ||||||
Essential Security Software, Inc. | 100,000 | Shares of Common Stock | ||||||
Futurelink Corp. | 2,272 | Shares of Common Stock | ||||||
Giant Studios Inc. | 6,667 | Shares of Preferred Convertible Series A | ||||||
GOIP Global, Inc. | 87 | Shares of Common Stock | ||||||
Linux Global Partners | 67,000 | Shares of Preferred Convertible Series A | ||||||
Loral Space & Communications LTD | 2,400 | Shares of Preferred Convertible Series C | ||||||
Miscor Group Ltd. | 29,000 | Shares of Common Stock | ||||||
NYPPE Holdings LLC | 72,000 | Shares of Preferred Class A | ||||||
ProxyMed, Inc. | 116.6 | Shares of Common Stock | ||||||
RAK Partners II Qualified Purchaser Fund, L.P. | N/A | $100,000 limited partnership interest | ||||||
Scorpion Capital Partners, L.P. | N/A | $250,000 limited partnership interest | ||||||
Streamcenter Inc. | 10,000 | Shares of Series B Redeemable Convertible Preferred | ||||||
Walker Financial Corp. | 6,774,800 | Shares of Common Stock |
Schedule 7.01
Filing Number | Date Filed | Debtor(s) | Secured Party | Type of Filing | Description of Collateral | |||||
07-0025091296 | 7/25/2007 | Patterson-UTI Energy, Inc. and Patterson-UTI Drilling Company LLC (as assumed name) | Lubbock National Bank Lubbock, TX | Financing Statement | WorkCentre copier leased by DivLend Equipment Leasing L.L.C. | |||||
83270631 | 7/2/2008 | Universal Well Services, Inc. | Cisco Systems Capital Corporation Wayne, PA | Financing Statement | Various Cisco IT, server and internet components | |||||
82887543 | 8/25/2008 | Patterson-UTI Energy, Inc. | Xerox Corporation Lewisville, TX | Financing Statement | Five Xerox copiers | |||||
09-0004042564 | 2/10/2009 | Patterson-UTI Drilling Company LLC | Holt Cat San Antonio, TX | Financing Statement | One Caterpillar Model 3512 engine complete with all substitutions, replacements, additions, attachments and/or accessories thereto | |||||
09-0004044617 | 2/10/2009 | Patterson-UTI Drilling Company LLC | Holt Cat San Antonio, TX | Financing Statement | One Caterpillar Model 3512 engine complete with all substitutions, replacements, additions, attachments and/or accessories thereto | |||||
09-0004045527 | 2/10/2009 | Patterson-UTI Drilling Company LLC | Holt Cat San Antonio, TX | Financing Statement | One Caterpillar Model 3512 engine complete with all substitutions, replacements, additions, attachments and/or accessories thereto |
Schedule 7.01
AND ADMINISTRATIVE AGENT
450 Gears Road, Suite 500
Houston, Texas 77067
Attention: Chief Financial Officer
Telephone: (281) 765-7100
Facsimile: (281) 765-7175
c/o Patterson-UTI Energy, Inc.
450 Gears Road, Suite 500
Houston, Texas 77067
Attention: Chief Financial Officer
Telephone: (281) 765-7100
Facsimile: (281) 765-7175
c/o Patterson-UTI Energy, Inc.
450 Gears Road, Suite 500
Houston, Texas 77067
Attention: Chief Financial Officer
Telephone: (281) 765-7100
Facsimile: (281) 765-7175
c/o Patterson-UTI Energy, Inc.
450 Gears Road, Suite 500
Houston, Texas 77067
Attention: Chief Financial Officer
Telephone: (281) 765-7100
Facsimile: (281) 765-7175
c/o Patterson-UTI Energy, Inc.
450 Gears Road, Suite 500
Houston, Texas 77067
Attention: Chief Financial Officer
Telephone: (281) 765-7100
Facsimile: (281) 765-7175
Schedule 10.02
c/o Patterson-UTI Energy, Inc.
450 Gears Road, Suite 500
Houston, Texas 77067
Attention: Chief Financial Officer
Telephone: (281) 765-7100
Facsimile: (281) 765-7175
c/o Patterson-UTI Energy, Inc.
450 Gears Road, Suite 500
Houston, Texas 77067
Attention: Chief Financial Officer
Telephone: (281) 765-7100
Facsimile: (281) 765-7175
c/o Patterson-UTI Energy, Inc.
450 Gears Road, Suite 500
Houston, Texas 77067
Attention: Chief Financial Officer
Telephone: (281) 765-7100
Facsimile: (281) 765-7175
c/o Patterson-UTI Energy, Inc.
450 Gears Road, Suite 500
Houston, Texas 77067
Attention: Chief Financial Officer
Telephone: (281) 765-7100
Facsimile: (281) 765-7175
1740 Broadway, MAC C7300-034
Denver, CO 80209
Attention: Agency Syndication
Telephone: (303) 863-5378
Facsimile: (303) 863-5533
Email:
Schedule 10.02
1000 Louisiana, 9th Floor
MAC T5002-090
Houston, Texas 77002
Attention: Brad Ellis, Vice President
Telephone: (713) 319-1985
Facsimile: (713) 739-1087
Email:
ABA No.: [_]
Acct. No.: [_]
Ref: Patterson-UTI Energy, Inc.
1740 Broadway, MAC C7300-034
Denver, CO 80209
Attention: Agency Syndication
Telephone: (303) 863-5378
Facsimile: (303) 863-5533
Email:
Denver, CO 80209
Attention: Agency Syndication
Telephone: (303) 863-5378
Facsimile: (303) 863-5533
Schedule 10.02
1000 Louisiana, 9th Floor
MAC T5002-090
Houston, Texas 77002
Attention: Brad Ellis, Vice President
Telephone: (713) 319-1985
Facsimile: (713) 739-1087
Email:
19th Floor — CA9-703-19-23
Los Angeles, CA 90017
Standby Letter of Credit Department
Attention: Stella Rosales
Telephone: (213) 345-0141
Facsimile: (213) 345-6684
700 Louisiana
8th Floor — TX4-213-08-14
Attention: Pam Rodgers
Houston, Texas 77002
Telephone: (713) 247-7246
Facsimile: (713) 247-7286
Email: pamela.rodgers@bankofamerica.com
Schedule 10.02
1. | On (a Business Day). | ||
2. | In the amount of $ . | ||
3. | Comprised of . | ||
[Type of Loan requested] | |||
4. | For Eurodollar Rate Loans: with an Interest Period of months. |
PATTERSON-UTI ENERGY, INC., a Delaware corporation, as Borrower | ||||||
By: | ||||||
Name: | ||||||
Title: | ||||||
PATTERSON-UTI ENERGY, INC., a Delaware corporation, as Borrower | ||||||
By: | ||||||
Name: | ||||||
Title: | ||||||
Amount of | Outstanding | |||||||||||
End of | Principal or | Principal | ||||||||||
Type of Loan | Amount of | Interest | Interest Paid | Balance This | Notation | |||||||
Date | Made | Loan Made | Period | This Date | Date | Made By | ||||||
PATTERSON-UTI ENERGY, INC., a Delaware corporation, as Borrower | ||||||
By: | ||||||
Name: | ||||||
Title: | ||||||
to the Compliance Certificate
($ in 000’s)
I. Section 7.10(a) — Debt to Capitalization Ratio. | ||||
A. Consolidated Funded Indebtedness: | ||||
1. Obligations for borrowed money: | $ | |||
2. Reimbursement obligations arising under letters of credit, bankers’ acceptances, bank guaranties, surety bonds, and similar instruments: | $ | |||
3. Obligations to pay deferred purchase price of property or services (other than trade accounts payable to a Person (i) in the United States or Canada, if not past due for more than 60 days or (ii) in any other country, if not past due for more than 120 days): | $ | |||
4. Indebtedness secured by a Lien on property owned or being purchased by the Borrower or its Subsidiaries: | $ | |||
5. Capital leases: | $ | |||
6. Obligations in respect of any forward sale of production for which payment is received in advance, other than on ordinary trade terms: | $ | |||
7. Obligations to purchase, redeem, or otherwise make any payment in respect of any Equity Interest, on a date certain and not subject to any contingencies, or at the option of the holder of such Equity Interest: | $ | |||
8. Guaranty obligations in respect of the foregoing: | $ | |||
9. Consolidated Funded Indebtedness (the sum of I.A.1 through I.A.8): | $ | |||
B. Total Capital | ||||
1. Consolidated Funded Indebtedness (I.A.9): | $ | |||
2. Consolidated Net Worth: | $ | |||
3. Total Capital (I.B.1 + I.B.2): | $ | |||
C. Debt to Capitalization Ratio ((I.A.9 ÷ I.B.3) x 100): | % | |||
Maximum allowed: | 35 | % |
II. Section 7.10(b) — Interest Coverage Ratio. | ||||
A. Consolidated EBITDA for four consecutive fiscal quarters ending on above date (“Subject Period”): | ||||
1. Consolidated Net Income for Subject Period: | $ | |||
2. Consolidated Interest Charges for Subject Period: | $ | |||
3. Income taxes for Subject Period (including state franchise taxes based on income or similar taxes based on income): | $ | |||
4. Depreciation expenses for Subject Period: | $ | |||
5. Depletion expenses for Subject Period: | $ | |||
6. Amortization expenses for Subject Period: | $ | |||
7. Non-cash reductions of Consolidated Net Income for Subject Period: | $ | |||
8. Non-cash additions to Consolidated Net Income for Subject Period: | $ | |||
9. Consolidated EBITDA (II.A.1 + II.A.2 + II.A.3 + II.A.4 + II.A.5 + II.A.6 + II.A.7 — II.A.8): | $ | |||
B. Consolidated Interest Charges for Subject Period: | ||||
1. Interest, premium payments, debt discount, fees, charges and related expenses in connection with borrowed money or in connection with the deferred purchase price of assets: | $ | |||
2. Rent expenses under capital leases treated as interest in accordance with GAAP: | $ | |||
3. Consolidated Interest Charges (II.B.1 + II.B.2): | $ | |||
C. Interest Coverage Ratio (II.A.9 ÷ II.B.3): | ___ to 1 | |||
Minimum required: | 3.00 to 1 |
1. | Assignor: | |
2. | Assignee: [and is an [Affiliate/Approved Fund] of [identify Lender]] | |
3. | Borrower(s): Patterson-UTI Energy, Inc., a Delaware corporation | |
4. | Administrative Agent: Wells Fargo Bank, N.A., as the administrative agent under the Credit Agreement | |
5. | Credit Agreement: Credit Agreement dated as of March 20, 2009, among Patterson-UTI Energy, Inc., the Lenders from time to time party thereto, and Wells Fargo Bank, N.A., as Administrative Agent and an L/C Issuer | |
6. | Assigned Interest: |
Aggregate | ||||||
Amount of | Amount of | Percentage | ||||
Commitment | Commitment | Assigned of | ||||
for all Lenders | Assigned1 | Commitment2 | CUSIP Number | |||
$ | $ | % |
ASSIGNOR [NAME OF ASSIGNOR] | ||||
By: | ||||
Title: | ||||
ASSIGNEE [NAME OF ASSIGNEE] | ||||
By: | ||||
Title: | ||||
WELLS FARGO BANK, N.A., as Administrative Agent and as an L/C Issuer | ||||
By: | ||||
Title: | ||||
1 | Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. | |
2 | To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. | |
3 | To be added only if the consent of the Administrative Agent and L/C Issuer is required by the terms of the Credit Agreement. | |
4 | To be added only if the consent of the Administrative Agent and L/C Issuer is required by the terms of the Credit Agreement. |
BANK OF AMERICA, N.A., as an L/C Issuer | ||||
By: | ||||
Title: | ||||
PATTERSON-UTI ENERGY, INC., as Borrower | ||||
By: | ||||
Title: |
5 | To be added only if the consent of the Borrower is required by the terms of the Credit Agreement. | |
6 | To be added only if the consent of the Borrower is required by the terms of the Credit Agreement. |
Exhibit E
Signature(s) Page to Follow.
Exhibit E
Exhibit E
UTI Drilling Canada, Inc.
Patterson (GP) LLC
Patterson-UTI Management Services, LLC
UTICO LLC
Ambar Lone Star Fluids Services LLC
Patterson Petroleum LLC
Patterson-UTI Drilling Company LLC
Schedule 1 to Exhibit E
[NAME OF ADDITIONAL GUARANTOR] | ||||
By: | ||||
Name: | ||||
Title: |
Exhibit A to Exhibit E
Lenders listed inSchedule A hereto
March 20, 2009
March 20, 2009
March 20, 2009
March 20, 2009
March 20, 2009
March 20, 2009
Very truly yours, DRAFT Fulbright & Jaworski L.L.P. |
LIST OF LENDERS
Bank of America, N.A.
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Amegy Bank, National Association
Comerica Bank
HSBC Bank USA, N.A.
LIST OF GUARANTORS
UTI Drilling Canada, Inc.
Patterson-UTI Management Services, LLC
UTICO LLC
Patterson Petroleum LLC
Patterson-UTI Drilling Company LLC
Exhibit F
PATTERSON-UTI ENERGY, INC., a Delaware corporation, as Borrower | ||||
By: | ||||
Name: | ||||
Title: |
Exhibit G
PATTERSON-UTI ENERGY, INC., a Delaware corporation, as Borrower | ||||
By: | ||||
Name: | ||||
Title: | ||||
Exhibit H