Item 1.01 Entry into a Material Definitive Agreement.
OnJanuary 25, 2021 ,Nuverra Environmental Solutions, Inc. ("Nuverra" or the "Company"), entered into a First Amendment to Loan Agreement (the "First Amendment") withFirst International Bank & Trust , aNorth Dakota banking corporation (the "Lender"), pursuant to which the Company and the Lender agreed to amend that certain Master Loan Agreement datedNovember 16, 2020 (the "Loan Agreement") between the Company and Lender in order to increase by$510,000 the maximum availability under the letter of credit facility (the "Letter of Credit Facility"). As amended, the Letter of Credit Facility provides for the issuance of letters of credit of up to$5.349 million in aggregate face amount and is evidenced by an Amended and Restated Promissory Note (Letter of Credit Loan) datedJanuary 25, 2021 (the "Amended and Restated Letter of Credit Note") executed by the Company. All other terms of the Letter of Credit Facility remain unchanged. The foregoing description of the First Amendment and the Amended and Restated Letter of Credit Note do not purport to be complete and are qualified in its entirety by reference to the full text of such documents, which are attached as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 First Amendment to Loan Agreement, datedJanuary 25 ,
2021, between Nuverra
Environmental Solutions, Inc. andFirst International
10.2 Amended and Restated Promissory Note (Letter of
Credit Loan), dated
2021, byNuverra Environmental Solutions, Inc. in
favor of
Bank & Trust .
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