0001193125-14-220143 Sample Contracts

MASTER DISTRIBUTOR AGREEMENT
Master Distributor Agreement • May 30th, 2014 • NOW Inc. • Oil & gas field machinery & equipment • Texas

THIS AGREEMENT is made and entered into as of the 29th day of May, 2014 (the “Effective Date”) by and between NATIONAL OILWELL VARCO, L.P., a Delaware limited partnership, with an office and place of business at 7909 Parkwood Circle Drive, Houston, Texas 77036, hereinafter called “NOV”, and DNOW L.P., a Texas limited partnership, with an office and place of business at 7402 North Eldridge Parkway, Houston, Texas 77041, hereinafter called “DISTRIBUTOR”.

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Master Service Agreement
Master Service Agreement • May 30th, 2014 • NOW Inc. • Oil & gas field machinery & equipment

This Master Service Agreement (“MSA”) is entered into this 29th day of May, 2014 (the “Effective Date”) by and between DNOW L.P. with a place of business at 7402 North Eldridge Parkway Houston, TX 77041 (“DNOW”) and National Oilwell Varco, L.P. (“NOV”) with a place of business at 7909 Parkwood Circle Drive, Houston, TX 77036. NOV, as used herein, shall include NOV and its affiliated and subsidiary companies.

TAX MATTERS AGREEMENT By and Between NATIONAL OILWELL VARCO, INC. and NOW INC. Dated as of May 29, 2014
Tax Matters Agreement • May 30th, 2014 • NOW Inc. • Oil & gas field machinery & equipment • Texas

This TAX MATTERS AGREEMENT (this “Agreement”), dated as of May 29, 2014, by and between National Oilwell Varco, Inc., a Delaware corporation (“NOV”), and NOW Inc., a Delaware corporation whose sole shareholder is NOV (“SpinCo” and, together with NOV, each, a “Party” and collectively, the “Parties”).

SEPARATION AND DISTRIBUTION AGREEMENT BY AND BETWEEN NATIONAL OILWELL VARCO, INC. AND NOW INC. DATED AS OF MAY 29, 2014
Separation and Distribution Agreement • May 30th, 2014 • NOW Inc. • Oil & gas field machinery & equipment • Texas

This SEPARATION AND DISTRIBUTION AGREEMENT, made and entered into effective as of May 29, 2014 (this “Agreement”), is by and between National Oilwell Varco, Inc., a Delaware corporation (“NOV”), and NOW Inc., a Delaware corporation and wholly owned subsidiary of NOV (“SpinCo”). NOV and SpinCo are each a “Party” and are sometimes referred to herein as the “Parties”. Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to them in Article I.

EMPLOYMENT AGREEMENT
Employment Agreement • May 30th, 2014 • NOW Inc. • Oil & gas field machinery & equipment • Texas

This EMPLOYMENT AGREEMENT (this “Agreement”), dated effective as of May 30, 2014, is by and among DNOW L.P., a Delaware limited partnership (the “Company”), NOW Inc., a Delaware corporation (“NOW”), and Merrill A. Miller, Jr. (the “Executive”).

TRANSITION SERVICES AGREEMENT BETWEEN NATIONAL OILWELL VARCO, INC. AND NOW INC. DATED AS OF May 29, 2014
Transition Services Agreement • May 30th, 2014 • NOW Inc. • Oil & gas field machinery & equipment • Texas

This Transition Services Agreement (this “Agreement”), made and entered into effective as of May 29, 2014, is by and between National Oilwell Varco, Inc., a Delaware corporation (“NOV”), and NOW Inc., a Delaware corporation (“SpinCo”). NOV and SpinCo are sometimes herein referred to individually as a “Party” and collectively as the “Parties”. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in Article I.

EMPLOYEE MATTERS AGREEMENT BY AND BETWEEN NATIONAL OILWELL VARCO, INC. AND NOW INC. DATED AS OF MAY 29, 2014
Employee Matters Agreement • May 30th, 2014 • NOW Inc. • Oil & gas field machinery & equipment • Texas

THIS EMPLOYEE MATTERS AGREEMENT, made and entered into effective as of May 29, 2014 (this “Agreement”), is by and between National Oilwell Varco, Inc., a Delaware corporation (“NOV”), and NOW Inc., a Delaware corporation (“SpinCo”). NOV and SpinCo are also referred to in this Agreement individually as a “Party” and collectively as the “Parties.” Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in Article I.

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