0000950129-09-000678 Sample Contracts

KIMBERLY R. FRYE AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • February 27th, 2009 • Key Energy Services Inc • Drilling oil & gas wells • Texas

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (as from time to time amended in accordance with the provisions hereof, this “Agreement”), is entered into this 22nd day of October, 2008, by and between KIMBERLY R. FRYE, whose address is 2413 Ralph Street #6, Houston, Texas 77006 (the “Executive”), KEY ENERGY SERVICES, INC., a Maryland corporation with executive offices at 1301 McKinney Street, Suite 1800, Houston, Texas 77010 (the “Parent”) and KEY ENERGY SHARED SERVICES, LLC, a Delaware limited liability company (the “Company”).

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TOMMY PIPES RESTATED EMPLOYMENT AGREEMENT
Restated Employment Agreement • February 27th, 2009 • Key Energy Services Inc • Drilling oil & gas wells • Texas

KEY ENERGY SHARED SERVICES, L.L.C. (the “Company”), a Delaware limited liability company with its principal offices at 1301 McKinney Street, Suite 1800, Houston, Texas 77010, and TOMMY PIPES enter into this Restated Employment Agreement (this “Agreement”) effective August 1, 2007 (the “Commencement Date”) in order to outline the terms and conditions of Executive’s employment relationship with the Company. Any prior written or oral agreements, including that certain Employment Agreement dated January 1, 2004 are superseded by this Agreement, unless specifically stated herein, and Executive and the Company hereby agree as follows:

JOHN CARNETT EMPLOYMENT AGREEMENT
Employment Agreement • February 27th, 2009 • Key Energy Services Inc • Drilling oil & gas wells • Texas

KEY ENERGY SERVICES, INC. (the “Company”), a Delaware limited liability company with its principal offices at 1301 McKinney Street, Suite 1800, Houston, Texas 77010, and JOHN CARNETT enter into this Employment Agreement (this “Agreement”) effective August 1, 2007 (the “Commencement Date”) in order to outline the terms and conditions of Executive’s employment relationship with the Company. Any prior written or oral agreements are superseded by this Agreement, unless specifically stated herein, and Executive and the Company hereby agree as follows:

Second Amendment to Stock and Membership Interest Purchase Agreement
Stock and Membership Interest Purchase Agreement • February 27th, 2009 • Key Energy Services Inc • Drilling oil & gas wells

This second amendment (“Amendment”) is entered into effective September 30, 2008, pursuant to that certain Stock and Membership Interest Purchase Agreement (“Agreement”) between Key Energy Services, LLC (“Key”) and L. Charles Moncla, Jr., Moncla Family Partnership, Ltd., L. Charles Moncla, Jr. Charitable Remainder Trust, Michael Moncla, Matthew Moncla, Marc Moncla, Christopher Moncla, Bipin A. Pandya, Thomas Sandahl, Rhonda Moncla, Cain Moncla, Andrew Moncla, Kenneth Rothstein, Moncla Well Service, Inc., Moncla Marine, L.L.C., Moncla Marine Operations, L.L.C., Moncla Marine Vessel No. 1, L.L.C., Moncla Marine Vessel No. 2, L.L.C., Moncla Marine Vessel No. 3, L.L.C., Moncla Marine Vessel No. 4, L.L.C., Moncla Marine Vessel No. 5, L.L.C., Moncla Marine Vessel No. 6, L.L.C., Moncla Marine Vessel No. 8, L.L.C., Moncla Marine Vessel No. 9, L.L.C., Moncla Marine Crew Boats, L.L.C., Brothers Oilfield Service & Supply, L.L.C., 4M Equipment & Leasing, L.L.C., L C M Industries, L.L.C., Moncla Dr

SECOND SUPPLEMENTAL INDENTURE
Supplemental Indenture • February 27th, 2009 • Key Energy Services Inc • Drilling oil & gas wells • New York

This Second Supplemental Indenture (this “Supplemental Indenture”), dated as of January 13, 2009, among Key Energy Mexico, LLC, a Delaware limited liability company (the “New Guarantor”), a subsidiary of Key Energy Services, Inc., a Maryland corporation (the “Company”), the existing Guarantors (as defined in the Indenture referred to herein) and The Bank of New York Mellon Trust Company, N.A. (f/k/a The Bank of New York Trust Company, N.A.), as trustee under the Indenture referred to herein (the “Trustee”). The New Guarantor and the existing Guarantors are sometimes referred to collectively herein as the “Guarantors”, or individually as a “Guarantor.”

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