Exhibit 10.8
AMENDMENT TO NONQUALIFIED STOCK OPTION AGREEMENT
This Amendment to Nonqualified Stock Option Agreement, dated effective
December 11, 1998, is by and between TETRA Technologies, Inc., a Delaware
corporation ("Company"), and Xxxxx X. XxXxxxx ("Optionee").
Company and Optionee are parties to that certain Nonqualified Stock
Option Agreement, dated April 1, 1996 with respect to 284,977 shares of Company
Stock ("Option Agreement").
For good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged for all purposes, Company and Optionee hereby
amend the Option Agreement as follows:
1. Section 1 of the Option Agreement is hereby amended to change
the number of shares of Company Stock from "284,977" to
"199,484".
2. Section 2 of the Option Agreement is hereby amended to change
the purchase price per share from "$16.875" to "$10.1875".
Except as amended as set forth above, the Option Agreement remains in
full force and effect in accordance with its terms.
TETRA Technologies, Inc. Optionee
/s/ Xxx X. Xxxxxxxxxx /s/ Xxxxx X. Xxxxxxx
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Xxx X. Xxxxxxxxxx Xxxxx X. XxXxxxx
Chairman, Management and President and Chief Executive Officer
Compensation Committee of the
Board of Directors
