SECOND AMENDMENT TO SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • August 7th, 2020 • Nine Energy Service, Inc. • Oil & gas field services, nec • Texas
This SECOND AMENDMENT TO SECURITIES PURCHASE AGREEMENT, dated as of June 30, 2020 (this “Amendment”), is entered into by and among (i) Warren Lynn Frazier, an individual and resident of the State of Texas (“Warren Frazier”), Garrett Lynn Frazier 2018 DG Trust, an irrevocable trust (“Garrett Trust”), Derrick Chase Frazier 2018 DG Trust, an irrevocable trust (“Derrick Trust”), and Frazier Family Foundation, Inc., a Texas corporation (and together with Warren Frazier, Garrett Trust and Derrick Trust, collectively, the “Sellers”), (ii) MOTI Holdco, LLC, a Delaware limited liability company (“US Buyer”), and Nine Energy Canada Inc., an Alberta (Canada) corporation (and together with US Buyer, collectively, the “Buyers”), and (iii) Nine Energy Service, Inc., a Delaware corporation (“Buyer Parent”). The Sellers, the Buyers and Buyer Parent are sometimes referred to herein individually as “Party” and collectively as the “Parties”. Capitalized terms used but not defined herein shall have the me
NINE ENERGY SERVICE, LLC March 30, 2020Nine Energy Service, Inc. • August 7th, 2020 • Oil & gas field services, nec
This letter (this “Agreement”) memorializes the agreement between you and Nine Energy Service, LLC, a Delaware limited liability company (the “Company”), that, effective as of April 1, 2020, your annualized Base Salary (as such term is defined in that certain Amended and Restated Employment Agreement by and between you and the Company, dated as of November 20, 2018 (the “Employment Agreement”)) will be reduced by 15% to $403,750, less applicable taxes and other withholdings.
NINE ENERGY SERVICE, LLC March 30, 2020Nine Energy Service, Inc. • August 7th, 2020 • Oil & gas field services, nec
This letter (this “Agreement”) memorializes the agreement between you and Nine Energy Service, LLC, a Delaware limited liability company (the “Company”), that, effective as of April 1, 2020, your annualized Base Salary (as such term is defined in that certain Amended and Restated Employment Agreement by and between you and the Company, dated as of March 27, 2020 (the “Employment Agreement”)) will be reduced by 15% to $323,000, less applicable taxes and other withholdings.
NINE ENERGY SERVICE, LLC March 30, 2020Nine Energy Service, Inc. • August 7th, 2020 • Oil & gas field services, nec
This letter (this “Agreement”) memorializes the agreement between you and Nine Energy Service, LLC, a Delaware limited liability company (the “Company”), that, effective as of April 1, 2020, your annualized Base Salary (as such term is defined in that certain Amended and Restated Employment Agreement by and between you and the Company, dated as of November 20, 2018 (as amended by that certain First Amendment, effective as of August 30, 2019, the “Employment Agreement”)) will be reduced by 15% to $255,000, less applicable taxes and other withholdings.
NINE ENERGY SERVICE, LLC March 30, 2020Nine Energy Service, Inc. • August 7th, 2020 • Oil & gas field services, nec
This letter (this “Agreement”) memorializes the agreement between you and Nine Energy Service, LLC, a Delaware limited liability company (the “Company”), that, effective as of April 1, 2020, your annualized Base Salary (as such term is defined in that certain Amended and Restated Employment Agreement by and between you and the Company, dated as of November 20, 2018 (the “Employment Agreement”)) will be reduced by 15% to $323,000, less applicable taxes and other withholdings.
NINE ENERGY SERVICE, LLC March 30, 2020Nine Energy Service, Inc. • August 7th, 2020 • Oil & gas field services, nec
This letter (this “Agreement”) memorializes the agreement between you and Nine Energy Service, LLC, a Delaware limited liability company (the “Company”), that, effective as of April 1, 2020, your annualized Base Salary (as such term is defined in that certain Amended and Restated Employment Agreement by and between you and the Company, dated as of August 28, 2018 (the “Employment Agreement”)) will be reduced by 15% to $552,500, less applicable taxes and other withholdings.
SECOND AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • August 7th, 2020 • Nine Energy Service, Inc. • Oil & gas field services, nec
THIS SECOND AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Second Amendment”) is executed and agreed to by and among Nine Energy Service, LLC, a Delaware limited liability company (the “Company”), Nine Energy Service, Inc., a Delaware corporation (“Parent”), and Edward Bruce Morgan (“Executive”), effective as of May 29, 2020 (the “Amendment Effective Date”).
