Eleventh Amendment to Amended and Restated Revolving Credit, Term Loan and Security Agreement, dated effective as of June 13, 2018

Exhibit 10.1

EXECUTION VERSION

ELEVENTH AMENDMENT TO AMENDED AND RESTATED

REVOLVING CREDIT, TERM LOAN AND SECURITY AGREEMENT

THIS ELEVENTH AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT, TERM LOAN AND SECURITY AGREEMENT (this “Amendment”) is made and entered into effective June 13, 2018 (the “Effective Date”), by and among FLOTEK INDUSTRIES, INC., a corporation organized under the laws of the State of Delaware (“Holdings”), FLOTEK CHEMISTRY, LLC, a limited liability company organized under the laws of the State of Oklahoma (“Flotek Chemistry”), CESI MANUFACTURING, LLC, a limited liability company organized under the laws of the State of Oklahoma (“CESI Manufacturing”), MATERIAL TRANSLOGISTICS, INC., a corporation organized under the laws of the State of Texas (“MTI”), TELEDRIFT COMPANY, a corporation organized under the laws of the State of Delaware (“Teledrift”), TURBECO, INC., a corporation organized under the laws of the State of Texas (“Turbeco”), USA PETROVALVE, INC., a corporation organized under the laws of the State of Texas (“USA Petrovalve”), FLORIDA CHEMICAL COMPANY, INC., a corporation organized under the laws of the State of Delaware (“Florida Chemical”), SITELARK LLC, a limited liability company organized under the laws of the State of Texas (“Sitelark”), FLOTEK ECUADOR MANAGEMENT LLC, a limited liability company organized under the laws of the State of Texas (“Ecuador Management”), FLOTEK ECUADOR INVESTMENTS LLC, a limited liability company organized under the laws of the State of Texas (“Ecuador Investments”), FLOTEK EXPORT, INC., a corporation organized under the laws of the State of Texas (“Export”), ECLIPSE IOR SERVICES, LLC, a limited liability company organized under the laws of the State of Texas (“EOGA”), FRACMAX ANALYTICS, LLC, a limited liability company organized under the laws of the State of Texas (“Fracmax”), FC PRO, LLC, a limited liability company organized under the laws of the State of Delaware (“FC PRO”), FLOTEK HYDRALIFT, INC., a corporation organized under the laws of the State of Texas (“Hydralift”; and together with Holdings, Flotek Chemistry, CESI Manufacturing, MTI, Teledrift, Turbeco, USA Petrovalve, Florida Chemical, Sitelark, Ecuador Management, Ecuador Investments, Export, EOGA, Fracmax and FC PRO, collectively, the “Borrowers” and each individually, a “Borrower”), the financial institutions which are now or which hereafter become a party thereto (collectively, the “Lenders” and each individually a “Lender”), and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as a Lender and as agent for Lenders (in such capacity, “Agent”).

PRELIMINARY STATEMENTS

A. Borrowers, Lenders and Agent are parties to that certain Amended and Restated Revolving Credit, Term Loan and Security Agreement dated May 10, 2013, as amended by that certain First Amendment to Amended and Restated Revolving Credit, Term Loan and Security Agreement, dated as of December 31, 2013, that certain Second Amendment to Amended and Restated Revolving Credit, Term Loan and Security Agreement, dated as of December 5, 2014, that certain Third Amendment to Amended and Restated Revolving Credit, Term Loan and Security Agreement, dated as of June 19, 2015, that certain Fourth Amendment to Amended and Restated Revolving Credit, Term Loan and Security Agreement, dated as of July 21, 2015, that certain Fifth Amendment to Amended and Restated Revolving Credit, Term Loan and Security

Agreement, dated as of March 31, 2016, that certain Sixth Amendment to Amended and Restated Revolving Credit, Term Loan and Security Agreement, dated as of November 2, 2016, that certain Seventh Amendment to Amended and Restated Revolving Credit, Term Loan and Security Agreement and Sixth Amendment to Amended and Restated Revolving Credit, Term Loan and Security Agreement, effective as of March 31, 2017, that certain Eighth Amendment to Amended and Restated Revolving Credit, Term Loan and Security Agreement, effective as of June 7, 2017, that certain Ninth Amendment to Amended and Restated Revolving Credit, Term Loan and Security Agreement, dated as of July 1, 2017, and that certain Tenth Amendment to Amended and Restated Revolving Credit, Term Loan and Security Agreement, dated as of September 29, 2017 (as it may be further amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”); and

B. Borrowers have requested that Agent and the Lenders make certain amendments to the Credit Agreement; and

C. Subject to the terms and conditions set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Agent and the Lenders are willing to make certain amendments to the Credit Agreement, all as set forth herein.

NOW, THEREFORE, in consideration of the premises herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows:

ARTICLE I

DEFINITIONS

1.01 Capitalized terms used in this Amendment are defined in the Credit Agreement, as amended hereby, unless otherwise stated.

ARTICLE II

AMENDMENT

2.01 Amendments to Section 1.2 – Amended Definitions. Effective as of the Effective Date, the references to “Section 2.1(a)(y)(iv)” in the definitions of “Eligible Inventory” and “Undrawn Availability” are hereby deleted and replaced with references to “Sections 2.1(a)(y)(v)”.

2.02 Amendment to Section 1.2 – Restated Definitions. Effective as of the Effective Date, the definitions of “Adjusted EBITDA” and “CapEx Trigger Period” set forth in Section 1.2 are hereby restated in their entirety as follows:

“CapEx Trigger Period” shall mean the period (x) commencing on the date that Borrowers’ Undrawn Availability is less than $15,000,000 and (y) ending on the date that Borrowers’ Undrawn Availability is greater than $25,000,000 for six consecutive months (measured at month end for purposes of these clauses (x) and (y)); provided, however, the operation of clause (iv) in the calculation of the Formula Amount shall be disregarded for purposes of calculating Undrawn Availability in this definition.

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“Adjusted EBITDA” shall mean for any period the sum of (a) EBITDA, plus (b) non-cash income reduction adjustments derived from or related to stock-based compensation, plus (c) transaction costs and expenses related to the negotiation and execution of the Eleventh Amendment and actually incurred or expensed within ninety (90) days of the Eleventh Amendment Effective Date.

2.03 Amendment to Section 1.2 – New Definitions. Effective as of the Effective Date, the following new definitions of “Collateral Block Amount”, “Eleventh Amendment”, “Eleventh Amendment Effective Date” and “Financial Covenant Trigger Event” shall be added to Section 1.2 in the proper alphabetic order:

“Collateral Block Amount” shall mean an amount equal the sum of (i) $10,000,000 minus (ii) Suppressed Availability Amount, if any, minus (iii) to the extent not included in the calculation of the Suppressed Availability Amount, Suppressed Inventory Amount, if any. For purposes of this definition: (A) “Suppressed Availability Amount” means an amount by which the sum Section 2.1(a)(y)(i) plus Section 2.1(a)(y)(ii) exceeds the Maximum Revolving Advance Amount; and (B) “Suppressed Inventory Amount” means an amount by which the result of Section 2.1(a)(y)(ii) exceeds $52,000,000.

“Eleventh Amendment” shall mean that certain Eleventh Amendment to Amended and Restated Revolving Credit, Term Loan and Security Agreement dated as of the Eleventh Amendment Effective Date, by and among, Borrowers, Agent and Lender.

“Eleventh Amendment Effective Date” shall mean June 13, 2018.

“Financial Covenant Trigger Event” shall mean (i) a Default or Event of Default shall have occurred or (ii) Undrawn Availability is less than $15,000,000 (as evidenced by a Borrowing Base Certificate and any supporting schedules, in form and substance satisfactory to Agent, calculated as of the last day of such calendar month); provided, however, the operation of clause (iv) in the calculation of the Formula Amount shall be disregarded for purposes of calculating Undrawn Availability in this definition.

2.04 Amendment to Section 2.1(a). Effective as of the Effective Date, Section 2.1(a) is hereby amended and restated in its entirety to read as follows:

(a) Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement specifically including Section 2.1(b), each Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Lender’s Revolving Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount, less the outstanding amount of Swing Loans, less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit or (y) an amount equal to the sum of:

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        (i) the sum of (a) up to 85%, subject to the provisions to Section 2.1(b) hereof (the “Receivables Advance Rate”), of Eligible Receivables, other than Eligible Insured Foreign Receivables, plus (b) the lesser of (x) up to the Receivables Advance Rate times Eligible Insured Foreign Receivables and (y) $10,000,000, plus

        (ii) up to the lesser of (A) seventy-percent (70%), subject to the provisions to Section 2.1(b) hereof, of the Eligible Inventory, (B) eighty-five percent (85%), subject to the provisions to Section 2.1(b) hereof, of the value percentage of the appraised net orderly liquidation value of Eligible Inventory (as evidenced by an Inventory appraisal satisfactory to Agent in its sole discretion exercised in good faith) and (C) $52,000,000 in the aggregate at any one time (“Inventory Advance Rate” and together with the Receivables Advance Rate, collectively, the “Advance Rates”), minus

        (iii) the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit, minus

        (iv) the Collateral Block Amount, minus

        (v) such reserves as Agent may deem proper and necessary in the exercise of its Permitted Discretion from time to time.

The amount derived from the sum of (x) Sections 2.1(a)(y)(i) and (ii) minus (y) Sections 2.1(a)(y)(iv) and (v) at any time and from time to time shall be referred to as the “Formula Amount”. Subject to the provisions of Section 2.1(b), the Formula Amount applicable at any time shall be calculated as set forth in the Borrowing Base Certificate delivered pursuant to Section 9.2 and approved by Agent in its sole discretion. The Revolving Advances shall be evidenced by one or more secured promissory notes, substantially in the form attached hereto as Exhibit 2.1(a) (as the same may be amended, amended and restated, renewed, replaced, supplemented and/or otherwise modified from time to time, collectively, the “Revolving Credit Note”).

2.05 Amendment to Section 6.5(b). Effective as of the Effective Date, Section 6.5(b) is hereby deleted in its entirety and replaced with the following:

Section 6.5 Financial Covenants.

(a) Fixed Charge Coverage Ratio. (i) Beginning as of the Eleventh Amendment Effective Date and continuing through December 31, 2018, following the occurrence of a Financial Covenant Trigger Event, cause to be maintained, a Fixed Charge Coverage Ratio of not less than 1.10 to 1.00, measured as of the last day of the fiscal quarter, in each case, for the four (4) fiscal quarter period then ending and (ii) beginning March 31, 2019, cause to be maintained, a Fixed Charge Coverage Ratio of not less than 1.10 to 1.00, (A) as of

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March 31, 2019, for the one (1) fiscal quarter period then ending, (B) as of June 30, 2019, for the two (2) fiscal quarter period then ending, (C) as of September 30, 2019, for the three (3) fiscal quarter period then ending and (D) as of December 31, 2019 and as of the last day of each quarter thereafter, for the four (4) quarter period then ending. For purposes of this Section 6.5(a)(ii), Adjusted EBITDA shall be annualized for the following periods as follows: (i) with respect to the fiscal quarter ending March 31, 2019, Adjusted EBITDA for such fiscal quarter shall be multiplied by 4, (ii) with respect to the fiscal quarter ending June 30, 2019, Adjusted EBITDA for the 2 consecutive fiscal quarters then ending shall be multiplied by 2, and (iii) with respect to the fiscal quarter ending September 30, 2019, Adjusted EBITDA for the 3 consecutive fiscal quarters then ended shall be multiplied by 1 1/3.

(b) Leverage Ratio. (i) beginning as of the Eleventh Amendment Effective Date and continuing through December 31, 2018, following the occurrence of a Financial Covent Trigger Event, cause to be maintained, a ratio of Funded Debt to Adjusted EBITDA, of not greater than: (A) 3.50 to 1.00, measured as of June 30, 2018, for the four (4) fiscal quarter period then ending and (B) 3.00 to 1.00, measured as of September 30, 2018 and December 31, 2018, in each case, for the four (4) fiscal quarter period then ending and (ii) beginning March 31, 2019, cause to be maintained, a ratio of Funded Debt to Adjusted EBITDA, of not greater than 3.00 to 1.00, (A) as of March 31, 2019, for the one (1) fiscal quarter period then ending, (B) as of June 30, 2019, for the two (2) fiscal quarter period then ending, (C) as of September 30, 2019, for the three (3) fiscal quarter period then ending and (D) as of December 31, 2019 and as of the last day of each quarter thereafter, for the four (4) quarter period then ending. For purposes of this Section 6.5(b)(ii), Adjusted EBITDA shall be annualized for the following periods as follows: ((i) with respect to the fiscal quarter ending March 31, 2019, Adjusted EBITDA for such fiscal quarter shall be multiplied by 4, (ii) with respect to the fiscal quarter ending June 30, 2019, Adjusted EBITDA for the 2 consecutive fiscal quarters then ending shall be multiplied by 2, and (iii) with respect to the fiscal quarter ending September 30, 2019, Adjusted EBITDA for the 3 consecutive fiscal quarters then ended shall be multiplied by 1 1/3.

ARTICLE III

CONDITIONS PRECEDENT

3.01 Conditions to Effectiveness. The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent, unless specifically waived in writing by Agent:

(a) Agent shall have received the following documents or items, each in form and substance satisfactory to Agent and its legal counsel:

        (i) this Amendment duly executed by each Borrower;

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        (ii) $90,000 amendment fee, which shall be fully earned and nonrefundable as of the date hereof, which fee shall be distributed ratably amongst the Lenders;

        (iii) all other documents Agent may reasonably request with respect to any matter relevant to this Amendment or the transactions contemplated hereby; and

        (iv) all other fees, costs and expenses owed to or incurred by Agent and Lenders arising in connection with the Credit Agreement, the Other Documents, or this Amendment.

(b) The representations and warranties contained herein and in the Credit Agreement and the Other Documents, as each is amended hereby, shall be true and correct as of the date hereof, as if made on the date hereof; and

(c) No Default or Event of Default shall have occurred and be continuing.

3.02 Conditions Subsequent. The effectiveness of this Amendment shall also be subject to the Borrowers’ delivery to Lender of the following items on or before the applicable date set forth below:

(a) within fifteen (15) days after the Effective Date, or within such longer period as the Agent may agree at its sole option, original executed signature pages to this Amendment and any other document executed in connection with this Amendment and

(b) within fifteen (15) days after the Effective Date, or within such longer period as the Agent may agree at its sole option, the original Promissory Note dated June 7, 2017 in the principal amount of $398,000 and the original Promissory Note dated July 1, 2017 in the principal amount of $1,000,000, in each case, together with an allonge duly executed in form and substance satisfactory to Agent and its legal counsel.

3.03 No Waiver. Nothing contained in this Amendment shall be construed as a waiver by Agent or any Lender of any covenant or provision of the Credit Agreement (as amended hereby), the Other Documents, this Amendment, or of any other contract or instrument between any Borrower and Agent or any Lender, and the failure of Agent or any Lender at any time or times hereafter to require strict performance by any Borrower of any provision thereof shall not waive, affect or diminish any right of Agent to thereafter demand strict compliance therewith. Agent and each Lender hereby reserve all rights granted under the Credit Agreement, the Other Documents, this Amendment and any other contract or instrument between any Borrower, Lenders and Agent.

ARTICLE IV

RATIFICATIONS, REPRESENTATIONS, WARRANTIES AND OTHER AGREEMENTS

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4.01 Ratifications. The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Credit Agreement and the Other Documents, and, except as expressly modified and superseded by this Amendment, the terms and provisions of the Credit Agreement and the Other Documents are ratified and confirmed and shall continue in full force and effect. Each Borrower hereby agrees that all liens and security interest securing payment of the Obligations under the Credit Agreement are hereby collectively renewed, ratified and brought forward as security for the payment and performance of the Obligations. Each Borrower and Agent agree that the Credit Agreement and the Other Documents, as amended hereby, shall continue to be legal, valid, binding and enforceable in accordance with their respective terms.

4.02 Representations and Warranties with respect to Other Documents. Each Borrower hereby represents and warrants to Agent that (a) the execution, delivery and performance of this Amendment and any and all Other Documents executed and/or delivered in connection herewith have been authorized by all requisite corporate action on the part of each Borrower and will not violate the Articles or Certificate of Incorporation or By-Laws or the Certificate of Formation or Operating Agreement of any Borrower; (b) the representations and warranties contained in the Credit Agreement, as amended hereby, and the Other Documents are true and correct on and as of the date hereof and on and as of the date of execution hereof as though made on and as of each such date; (c) no Default or Event of Default under the Credit Agreement, as amended hereby, has occurred and is continuing, unless such Default or Event of Default has been specifically waived in writing by Agent; and (d) each Borrower is in full compliance with all covenants and agreements contained in the Credit Agreement and the Other Documents, as amended hereby.

ARTICLE V

MISCELLANEOUS PROVISIONS

5.01 Survival of Representations and Warranties. All representations and warranties made in the Credit Agreement or the Other Documents, including, without limitation, any document furnished in connection with this Amendment, shall survive the execution and delivery of this Amendment and the Other Documents, and no investigation by Agent or any closing shall affect the representations and warranties or the right of Agent to rely upon them.

5.02 Reference to Credit Agreement. Each of the Credit Agreement and the Other Documents, and any and all other agreements, documents or instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the Credit Agreement, as amended hereby, are hereby amended so that any reference in the Credit Agreement and such Other Documents to the Credit Agreement shall mean a reference to the Credit Agreement as amended hereby.

5.03 Expenses of Agent. Each Borrower jointly and severally agrees to pay on demand all reasonable costs and expenses incurred by Agent in connection with any and all amendments, modifications, and supplements to the Other Documents, including, without limitation, the costs and fees of Agent’s legal counsel, and all costs and expenses incurred by Agent in connection with the enforcement or preservation of any rights under the Credit Agreement, as amended hereby, or any Other Documents, including, without, limitation, the costs and fees of Agent’s legal counsel.

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5.04 Severability. Any provision of this Amendment held by a court of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or unenforceable.

5.05 Successors and Assigns. This Amendment is binding upon and shall inure to the benefit of Agent, Lenders and each Borrower and their respective successors and assigns, except that no Borrower may assign or transfer any of its rights or obligations hereunder without the prior written consent of Agent.

5.06 Counterparts. This Amendment may be executed in one or more counterparts, each of which when so executed shall be deemed to be an original, but all of which when taken together shall constitute one and the same instrument.

5.07 Effect of Waiver. No consent or waiver, express or implied, by Lenders or Agent to or for any breach of or deviation from any covenant or condition by any Borrower shall be deemed a consent to or waiver of any other breach of the same or any other covenant, condition or duty.

5.08 Headings. The headings, captions, and arrangements used in this Amendment are for convenience only and shall not affect the interpretation of this Amendment.

5.09 Applicable Law. THIS AMENDMENT AND ALL OTHER AGREEMENTS EXECUTED PURSUANT HERETO SHALL BE DEEMED TO HAVE BEEN MADE AND TO BE PERFORMABLE IN AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS.

5.10 Final Agreement. THE CREDIT AGREEMENT AND THE OTHER DOCUMENTS, EACH AS AMENDED HEREBY, REPRESENT THE ENTIRE EXPRESSION OF THE PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF ON THE DATE THIS AMENDMENT IS EXECUTED. THE CREDIT AGREEMENT AND THE OTHER DOCUMENTS, AS AMENDED HEREBY, MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. NO MODIFICATION, RESCISSION, WAIVER, RELEASE OR AMENDMENT OF ANY PROVISION OF THIS AMENDMENT SHALL BE MADE, EXCEPT BY A WRITTEN AGREEMENT SIGNED BY BORROWERS AND AGENT.

5.11 Release. EACH BORROWER HEREBY ACKNOWLEDGES THAT IT HAS NO DEFENSE, COUNTERCLAIM, OFFSET, CROSS-COMPLAINT, CLAIM OR DEMAND OF ANY KIND OR NATURE WHATSOEVER THAT CAN BE ASSERTED TO REDUCE OR ELIMINATE ALL OR ANY PART OF ITS LIABILITY TO REPAY ANY LOANS OR EXTENSIONS OF CREDIT FROM AGENT AND LENDERS TO SUCH BORROWER

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UNDER THE CREDIT AGREEMENT OR THE OTHER DOCUMENTS OR TO SEEK AFFIRMATIVE RELIEF OR DAMAGES OF ANY KIND OR NATURE FROM LENDERS AND AGENT. EACH BORROWER HEREBY VOLUNTARILY AND KNOWINGLY RELEASES AND FOREVER DISCHARGES LENDERS, AGENT, THEIR PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS, FROM ALL POSSIBLE CLAIMS, DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES, AND LIABILITIES WHATSOEVER, KNOWN OR UNKNOWN, ANTICIPATED OR UNANTICIPATED, SUSPECTED OR UNSUSPECTED, FIXED, CONTINGENT, OR CONDITIONAL, AT LAW OR IN EQUITY, ORIGINATING IN WHOLE OR IN PART ON OR BEFORE THE DATE THIS AMENDMENT IS EXECUTED, WHICH SUCH BORROWER MAY NOW OR HEREAFTER HAVE AGAINST LENDERS AND AGENT, THEIR PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS, IF ANY, AND IRRESPECTIVE OF WHETHER ANY SUCH CLAIMS ARISE OUT OF CONTRACT, TORT, VIOLATION OF LAW OR REGULATIONS, OR OTHERWISE, AND ARISING FROM ANY LOANS OR EXTENSIONS OF CREDIT FROM LENDERS AND AGENT TO SUCH BORROWER UNDER THE CREDIT AGREEMENT OR THE OTHER DOCUMENTS, INCLUDING, WITHOUT LIMITATION, ANY CONTRACTING FOR, CHARGING, TAKING, RESERVING, COLLECTING OR RECEIVING INTEREST IN EXCESS OF THE HIGHEST LAWFUL RATE APPLICABLE, THE EXERCISE OF ANY RIGHTS AND REMEDIES UNDER THE CREDIT AGREEMENT OR OTHER DOCUMENTS, AND NEGOTIATION FOR AND EXECUTION OF THIS AMENDMENT.

5.12 Guarantors Consent, Ratification and Release. Each of the undersigned Guarantors hereby consents to the terms of this Amendment, confirms and ratifies the terms of that certain Guaranty dated as of May 10, 2013 (the “FTK Guaranty”) executed by each of the undersigned in favor of Agent and the other Lenders. Each of the undersigned Guarantors acknowledges that its Guaranty is in full force and effect and ratifies the same, acknowledges that such undersigned has no defense, counterclaim, set-off or any other claim to diminish such undersigned’s liability under such documents, that such undersigned’s consent is not required to the effectiveness of the within and foregoing Amendment, and that no consent by any such undersigned is required for the effectiveness of any future amendment, modification, forbearance or other action with respect to the Obligations, the Collateral, or any of the Other Documents. EACH OF THE UNDERSIGNED HEREBY VOLUNTARILY AND KNOWINGLY RELEASES AND FOREVER DISCHARGES AGENT AND LENDERS, THEIR PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS, FROM ALL POSSIBLE CLAIMS, DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES, AND LIABILITIES WHATSOEVER, KNOWN OR UNKNOWN, ANTICIPATED OR UNANTICIPATED, SUSPECTED OR UNSUSPECTED, FIXED, CONTINGENT, OR CONDITIONAL, AT LAW OR IN EQUITY, ORIGINATING IN WHOLE OR IN PART ON OR BEFORE THE DATE THIS AMENDMENT AND THIS CONSENT ARE EXECUTED, WHICH EACH SUCH UNDERSIGNED MAY NOW OR HEREAFTER HAVE AGAINST AGENT, DOCUMENTATION AGENT OR ANY LENDER, THEIR PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS, IF ANY, AND IRRESPECTIVE OF WHETHER ANY SUCH CLAIMS ARISE OUT OF CONTRACT, TORT, VIOLATION OF LAW OR REGULATIONS, OR OTHERWISE, AND ARISING FROM ANY “LOANS”, INCLUDING, WITHOUT LIMITATION, ANY

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CONTRACTING FOR, CHARGING, TAKING, RESERVING, COLLECTING OR RECEIVING INTEREST IN EXCESS OF THE HIGHEST LAWFUL RATE APPLICABLE, THE EXERCISE OF ANY RIGHTS AND REMEDIES UNDER THE REVOLVING CREDIT AND SECURITY AGREEMENT, AS AMENDED BY THIS AMENDMENT, OR THE OTHER DOCUMENTS, AND NEGOTIATION FOR AND EXECUTION OF THIS AMENDMENT AND THIS CONSENT.

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IN WITNESS WHEREOF, each of the parties hereto has executed this Amendment as of the Effective Date.

BORROWERS:

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Eleventh Amendment to A&R Credit Agreement

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Eleventh Amendment to A&R Credit Agreement

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Eleventh Amendment to A&R Credit Agreement

GUARANTORS:

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Eleventh Amendment to A&R Credit Agreement

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Eleventh Amendment to A&R Credit Agreement