0000950129-06-004850 Sample Contracts

Contract
Restricted Stock Agreement • May 3rd, 2006 • T-3 Energy Services Inc • Oil & gas field machinery & equipment • Delaware

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made and entered into by and between T-3 Energy Services, Inc., a Delaware corporation (the “Company”), and Mr. Gus D. Halas (“Grantee”), effective as of the grant date shown in Appendix A attached hereto pursuant to the T-3 Energy Services, Inc. 2002 Incentive Plan (the “Plan”). The Plan is incorporated by reference herein in its entirety. Capitalized terms not otherwise defined in this Agreement shall have the meaning given such terms as defined in the Plan.

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THIRD AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT
Credit Agreement • May 3rd, 2006 • T-3 Energy Services Inc • Oil & gas field machinery & equipment

THIS THIRD AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of March 31, 2006 (the “Effective Date”), is by and among T-3 ENERGY SERVICES, INC., a Delaware corporation (the “Borrower”), T-3 OILCO ENERGY SERVICES PARTNERSHIP, an Alberta general partnership (the “Canadian Borrower”), the BANKS (as defined in the Credit Agreement defined below) signatory hereto, WELLS FARGO BANK, NATIONAL ASSOCIATION (in its individual capacity, “Wells Fargo”) as agent (in such capacity, together with its successors in such capacity, the “Agent”) for the Banks under the Credit Agreement (as defined below) and COMERICA BANK, a Michigan banking corporation and authorized foreign bank under the Bank Act (Canada) acting through its Canadian branch (the “Canadian Lender”).

AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • May 3rd, 2006 • T-3 Energy Services Inc • Oil & gas field machinery & equipment • Delaware

This Employment Agreement (the “Agreement”) is made and entered into effective as of April 27, 2006 (the “Effective Date”), by and between T-3 Energy Services, Inc., a Delaware corporation (“Employer”), and Gus D. Halas (“Employee”).

Contract
Restricted Stock Award Agreement • May 3rd, 2006 • T-3 Energy Services Inc • Oil & gas field machinery & equipment • Delaware

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made and entered into by and between T-3 Energy Services, Inc., a Delaware corporation (the “Company”), and Mr. Gus D. Halas (“Grantee”), effective as of the grant date shown in Appendix A attached hereto pursuant to the T-3 Energy Services, Inc. 2002 Incentive Plan (the “Plan”). The Plan is incorporated by reference herein in its entirety. Capitalized terms not otherwise defined in this Agreement shall have the meaning given such terms as defined in the Plan.

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