Effective June 30, 2018, Aly Energy Services, Inc. entered into a Third Amended and Restated Credit Agreement with secured lender. The new credit agreement amends the Second Amended and Restated Credit Agreement with Permian Pelican, LLC, in the following principal respects: Permian Pelican, LLC has assigned its rights and obligations under the credit agreement to its affiliate, Permian Pelican Financial, LLC; the maturity date of the facility has been extended from December 31, 2019 to June 30, 2021. However, the new facility institutes a requirement for monthly principal payments of 83,333.33; the facility combines the term loan and delayed draw term loan into an aggregate term loan of 5.6 million; the facility increases the revolving credit commitment to 1.7 million, of which 1.0 million was outstanding as of June 30, 2018.