EXHIBIT 10.1 CHANGE-OF-CONTROL EMPLOYMENT AGREEMENT AGREEMENT by and between Smith International, Inc., a Delaware corporation (the "Company") and MICHAEL D. PEARCE (the "Executive"), effective as of the 15th day of May, 2005. The Board of Directors...Change-of-Control Employment Agreement • May 19th, 2005 • Smith International Inc • Miscellaneous chemical products • Texas
