Hasco Manufacturing Co. (“Hasco”) and Borco, Inc. (“Borco”) (collectively the “Company”)

The Company is one of the largest independent manufacturers of production related accessories used in the artificial lift market today. Originally founded in 1960, the Company has grown into a dominant supplier of polished rods, polished rod liners, plungers and related accessory products used on producing oil and gas wells worldwide. The Company’s highly specialized and niche product offering has been key in accomplishing its strategic goal of becoming the market leader in the products it manufactures. The Company holds multiple patents across its proprietary product suite and management estimates that it supplies “4 out of every 5” polished rod liners and polished rods in the North American marketplace today. The Company has over 50,000 square feet of manufacturing space at its headquarters location in Sapulpa, Oklahoma and employs over 60 employees with an average tenure in excess of 10 years of service.

Weatherford International Ltd. (“Weatherford”)

Weatherford is a Swiss-based, multi-national oilfield service company. It is one of the largest global providers of innovative mechanical solutions, technology and services for the drilling and production sectors of the oil and gas industry. Weatherford operates in over 100 countries and employs over 53,000 people worldwide.

PPHB, LP (“PPHB”)

PPHB is an independent investment banking firm providing financial advisory services exclusively to clients in the oilfield equipment and service industry.