EXHIBIT 10.4
FRANK’S INTERNATIONAL N.V.
U.S. EMPLOYEE RESTRICTED STOCK UNIT (RSU) AGREEMENT

THIS RESTRICTED STOCK UNIT AGREEMENT including Exhibit A (this “Agreement”)
evidences an award made as of the _____ day of _________________________ (the
“Date of Grant”), between FRANK’S INTERNATIONAL N.V., a limited liability
company organized in the Netherlands (the “Company”), and
____________________________ (the “Employee”). The Company and Employee may be
referred to individually as “Party,” and/or collectively as the “Parties.”
1.The Grant. Pursuant to the FRANK’S INTERNATIONAL N.V. 2013 LONG-TERM INCENTIVE
PLAN, as the same may be amended from time to time (the “Plan”), and subject to
the conditions set forth below, the Company hereby awards to Employee, effective
as of the Date of Grant, an award consisting of an aggregate number of
________________ restricted stock units (the “Restricted Stock Units” or
“RSUs”), whereby each Restricted Stock Unit represents the right to receive one
share of the Company’s common stock, par value €0.01 per share (“Common Stock”),
plus the potential rights to Dividend Equivalents set forth in Section 3(e)
hereof, in accordance with the terms and conditions set forth herein and in the
Plan (the “Award”). To the extent any provision of this Agreement conflicts with
the expressly applicable terms of the Plan, those terms of the Plan shall
control, and if necessary, the applicable terms of this Agreement shall be
deemed amended so as to carry out the purpose and intent of the Plan.
2.    Definitions. Capitalized terms used in this Agreement that are not defined
below or in the body of this Agreement shall have the meanings given to them in
the Plan. In addition to the terms defined in the body of this Agreement, the
following capitalized words and terms shall have the meanings indicated below:
(a)    “Cause” shall mean a determination by the Company or its employing
affiliate (the “Employer”) that Employee (i) has engaged in gross negligence,
incompetence, or misconduct in the performance of his or her duties with respect
to the Employer or any of its affiliates; (ii) has failed to materially perform
Employee’s duties and responsibilities to the Employer or any of its affiliates;
(iii) has breached any material provision of this Agreement or any written
agreement or corporate policy or code of conduct established by the Employer or
any of its affiliates; (iv) has engaged in conduct that is, or could reasonably
expected to be, materially injurious to the Employer or any of its affiliates;
(v) has committed an act of theft, fraud, embezzlement, misappropriation, or
breach of a fiduciary duty to the Employer or any of its affiliates; or (vi) has
been convicted of, pleaded no contest to, or received adjudicated probation or
deferred adjudication in connection with a crime involving fraud, dishonesty, or
moral turpitude or any felony (or a crime of similar import in a foreign
jurisdiction).
(b)    “Disability” shall have the meaning set forth in any written employment
or consulting agreement between the Employer and Employee. If Employee is not
party to such an agreement that defines these terms, then for purposes of this
Agreement, “Disability” shall mean Employee being unable to perform Employee’s
duties or fulfill Employee’s obligations under the terms of his or her
employment by reason of any medically determinable physical or mental impairment
that can be expected to result in death or can be expected to last for a
continuous period of not less than six months as determined by the Employer and
certified in writing by a competent medical physician selected by the Employer.
(c)    “Forfeiture Restrictions” shall have the meaning specified in Section
3(a) hereof.
(d)    “Involuntary Termination” shall mean a termination of Employee’s
employment by the Company or an affiliate for a reason other than for Cause.

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(e)    “Section 409A” shall mean Section 409A of the Internal Revenue Code of
1986, as amended.
(f)    “CIC Severance Plan” shall mean the Company’s U.S. Executive
Change-In-Control Severance Plan adopted on May 20, 2015, and any amendments or
restatements of this plan.
(g)    “Special Vesting Agreement” means an agreement in which the Company, in
its sole discretion, elects to permit some or all of Employee’s RSUs to continue
vesting following Employee’s employment with the Company or with an affiliate,
as applicable, in exchange for Employee’s strict compliance with designated
post-termination conditions, as determined by the Company pursuant to a written
agreement executed at the time the Participant’s termination of employment
occurs.
3.    Restricted Stock Units. By acceptance of this Restricted Stock Unit award,
Employee agrees with respect thereto as follows:
(a)    Forfeiture Restrictions. The Restricted Stock Units are restricted in
that they may not be sold, assigned, pledged, exchanged, hypothecated, or
otherwise alienated or transferred, encumbered, or disposed of, and in the event
of termination of Employee’s employment or service with the Company for any
reason other than death or Disability, or, to the extent provided in Section
3(c) below, on account of an Involuntary Termination, Employee shall, for no
consideration, forfeit to the Company all Restricted Stock Units to the extent
then subject to the Forfeiture Restrictions. The prohibition against transfer
and the obligation to forfeit and surrender Restricted Stock Units to the
Company upon termination of employment or services as provided in this Section
3(a) are herein referred to as the “Forfeiture Restrictions.” The Forfeiture
Restrictions shall be binding upon and enforceable against any transferee of
Restricted Stock Units.
(b)    Lapse of Forfeiture Restrictions (Vesting). Provided that Employee has
been continuously employed by the Company from the Date of Grant through the
scheduled “Lapse (Vesting) Date” set forth in the following schedule, and in
compliance with Exhibit A and all other agreements or obligations to the
Company, the Forfeiture Restrictions shall lapse, and the Restricted Stock Units
will vest, with respect to a percentage of the Restricted Stock Units determined
in accordance with the following schedule:
Percentage of Total Number
of RSUs as to Which
Lapse (Vesting) Date
Forfeiture Restrictions Lapse

                
[TBD]
[TBD]

Except as provided in Subsection 3(c) below, the Company will issue one share of
Common Stock to Employee on the date each RSU is scheduled to become vested
under this Section 3(b). Any Restricted Stock Units with respect to which the
Forfeiture Restrictions do not lapse in accordance with the preceding provisions
of this Section 3(b) (and any associated unvested dividend equivalents) shall be
forfeited to the Company for no consideration as of the date of the termination
of Employee’s employment with the Company.

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(c)    Accelerated Vesting.
(1)    Death. If Employee’s employment with the Company is terminated by reason
of death, then the Forfeiture Restrictions shall lapse with respect to 100% of
the Restricted Stock Units effective on the date such death occurs and
Employee’s RSUs shall be settled in the manner provided under Section 3(d)
below.
(2)    Disability. If Employee’s employment with the Company is terminated by
reason of Disability, then the Forfeiture Restrictions shall lapse with respect
to 100% of the Restricted Stock Units effective as of the date of Employee’s
“separation from service” (as defined under the Section 409A) and Employee’s
RSU’s shall be settled in the manner provided under Section 3(d) below on the
dates such awards were scheduled to become vested under Section 3(b) above.
(3)    Change in Control. If a Change in Control occurs and Employee is a
participant in the CIC Severance Plan, then the terms of Section 3 of such plan
are hereby incorporated by reference into this Agreement. If Employee is not a
participant in the CIC Severance Plan and his or her employment with the Company
is terminated during the twenty-four (24) month period immediately following the
date the Change in Control occurs due to an Involuntary Termination, then the
Forfeiture Restrictions shall lapse with respect to 100% of the Restricted Stock
Units effective as of the date of Employee’s “separation from service” (as
defined under the Section 409A) and Employee’s RSUs shall be settled in the
manner provided under Section 3(d) below.
(4)     Involuntary Termination. If Employee’s employment with the Company is
terminated due to an Involuntary Termination, then Company may, in its complete
discretion, elect to enter into a Special Vesting Agreement with Employee
pursuant to which the Forfeiture Restrictions shall not lapse upon such
termination of employment, but instead this Award shall continue to remain
outstanding and Employee will be treated, solely for purposes of satisfying the
requirements for a lapse of Forfeiture Restrictions under Section 3(b), as
continuing in the employment of the Company throughout the period during which
he or she continuously satisfies the obligations set forth in Exhibit A attached
hereto and incorporated herein by reference as part of this Agreement. As
further condition to receiving any Special Vesting Agreement, Employee shall
provide a release of all claims against the Company in a form acceptable to the
Company, upon entering the Special Vesting Agreement, as well as upon the last
date on which the Forfeiture Restrictions lapse, and also Employee must
continuously comply with any other obligations to, or agreements with, the
Company.
(d)    Payments. Subject to compliance with all terms of this Agreement and
Exhibit A, as soon as reasonably practicable after (i) each scheduled Lapse
(Vesting) Date with respect to the specified number of Restricted Stock Units as
provided in Section 3(b) hereof (but in no event later than the end of the
calendar year in which the Forfeiture Restrictions so lapse), (ii) the date of
Employee’s death, or (iii) to the extent provided in Section 3(c)(4), the date
Employee is Involuntarily Terminated, the Company shall cause to be issued to
Employee with respect to each share of Common Stock covered by each such
Restricted Stock Unit one share of Common Stock registered in Employee’s name.
The Company shall deliver the shares of Common Stock in book-entry form, with
such legends or restrictions thereon as the Administrator may determine to be
necessary or advisable in order to comply with applicable securities laws.
Employee shall complete and sign any documents and take any additional action
that the Company may request to enable it to deliver shares of Common Stock on
Employee’s behalf. In the event that all or part of the Restricted Stock Units
granted pursuant to this Agreement provides for a deferral of compensation
within the meaning of the Section 409A, it is the general intention, but not the
obligation, of the Company to design this Award to comply with the Section 409A
and such Award should be interpreted accordingly. Notwithstanding anything to
the contrary contained herein, in the event that Employee is a “specified
employee” (as defined under the Section 409A) when Employee becomes entitled to
a payment or settlement under the Award which

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is subject to the Section 409A on account of a “separation from service” (as
defined under the Section 409A), to the extent required by the Code, such
payment shall not occur until the date that is six (6) months plus one (1) day
from the date of such separation from service. Any amount that is otherwise
payable within the six (6) month period described herein will be aggregated and
paid in a lump sum without interest. Further, for purposes of the Section 409A,
each payment or settlement of any portion of the Restricted Stock Units under
this Agreement shall be treated as a separate payment of compensation.
(e)    Dividend Equivalents. In the event the Company declares and pays a
dividend in respect of its outstanding shares of Common Stock and, on the record
date for such dividend, Employee holds Restricted Stock Units granted pursuant
to this Agreement that have become vested pursuant to Section 3(c) hereof and
have not been settled in accordance with Section 3(d) hereof, Employee shall be
entitled to receive a payment, subject to compliance with all terms of this
Agreement as well as Section 4 hereof, in respect of the number of shares of
Common Stock relating to such vested Restricted Stock Units, with such Dividend
Equivalent payment being made in the amount and form that such payment would
have been made if, as of such record date, Employee actually held the underlying
shares of Common Stock related to the portion of the vested Restricted Stock
Units that have not been settled or forfeited as of such record date. Such
Dividend Equivalent payment shall be made commensurate with the date the Company
pays such dividend in respect of its outstanding shares of Common Stock
(however, in no event shall the Dividend Equivalents be paid later than the
earlier of thirty (30) days following, or the end of the calendar year that
includes, the date on which the Company pays such dividends to its shareholders
generally).
(f)    Restrictive Covenants. Employee acknowledges and recognizes the highly
competitive nature of the businesses of the Company and accordingly agrees, in
his or her capacity as an employee and equity holder in the Company, to the
provisions of Exhibit A to this Agreement. Employee acknowledges and agrees that
the Company’s remedies at law for a breach or threatened breach of any of the
provisions of Exhibit A or any other similar obligations Employee has towards
the Company under applicable law or other agreements (which includes any attempt
to have any provision in Exhibit A or other similar obligations of Employee
declared overbroad or unenforceable) (a “Restrictive Covenant Violation”) would
be available but inadequate and the Company would suffer irreparable damages as
a result of such a Restrictive Covenant Violation. In recognition of this fact,
Employee agrees that, in the event of a Restrictive Covenant Violation, in
addition to any remedies available to the Company under law, including damages
and attorneys’ fees, remedies available the Company, without posting any bond,
shall be to (i) cease making any dividend or other payments or providing any
benefit otherwise required by this Agreement; (ii) terminate future vesting and
cause forfeiture of all vested and unvested RSUs and common stock issued or
issuable under this Agreement without consideration, (iii) cause forfeiture of
the gross value of the common stock issued to Employee in the one (1) year
period prior to the Restrictive Covenant Violation (determined as of the date
such stock was issued to Employee and using the Fair Market Value (as defined in
the Plan) of the Company’s common stock on that date), (iv) receive repayment of
any cash payments made to Employee with respect to the RSUs during the prior
twelve (12) month period, (v) obtain a temporary restraining order, temporary or
permanent injunction or (vi) specific performance or any other equitable remedy
which may then be available.
(g)    Corporate Acts. The existence of the Restricted Stock Units shall not
affect in any way the right or power of the Board or the stockholders of the
Company to make or authorize any adjustment, recapitalization, reorganization,
or other change in the Company’s capital structure or its business, any merger
or consolidation of the Company, any issue of debt or equity securities, the
dissolution or liquidation of the Company or any sale, lease, exchange, or other
disposition of all or any part of its assets or business, or any other corporate
act or proceeding.
4.    Withholding of Tax. To the extent that the receipt of the Restricted Stock
Units (or any Common Stock or dividend equivalents related thereto) or the lapse
of any Forfeiture Restrictions results in

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compensation, income or wages to Employee for federal, state, or local tax
purposes, Employee shall deliver to the Company at the time of such receipt or
lapse, as the case may be, such amount of money as the Company may require to
meet its minimum obligation under applicable tax laws or regulations, and if
Employee fails to do so (or if Employee instructs the Company to withhold cash
or stock to meet such obligation), the Company shall withhold from any cash or
stock remuneration (including withholding any shares of the Common Stock
distributable to Employee under this Agreement) then or thereafter payable to
Employee, any tax required to be withheld by reason of such resulting
compensation income or wages. The Company is making no representation or
warranty as to the tax consequences to Employee as a result of the receipt of
the Restricted Stock Units, the treatment of dividend equivalents, the lapse of
any Forfeiture Restrictions, or the forfeiture of any Restricted Stock Units
pursuant to the Forfeiture Restrictions.
5.    No Shareholder Rights. The Restricted Stock Units granted pursuant to this
Agreement do not and shall not entitle Employee to any rights of a holder of
Common Stock prior to the date that shares of Common Stock are issued to
Employee in settlement of the Award. Employee’s rights with respect to the
Restricted Stock Units shall remain forfeitable as stated in this Agreement.
6.    Clawback. Notwithstanding any provisions in the Agreement to the contrary,
any compensation, payments, or benefits provided hereunder (or profits realized
from the sale of the Common Stock delivered hereunder), whether in the form of
cash or otherwise, shall be subject to a clawback (i) to the extent necessary to
comply with the requirements of any applicable law, including but not limited
to, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010,
section 304 of the Sarbanes Oxley Act of 2002 or any regulations promulgated
thereunder; (ii) to the extent provided by any policy or procedure adopted by
the Company or any individual agreement between Employee and the Company; or
(iii) pursuant to the terms of this Agreement in the event of a Restrictive
Covenant Violation.
7.    Employment Relationship. For purposes of this Agreement (except as
otherwise provided in Section 3(c)(4) hereof), Employee shall be considered to
be in the employment of the Company as long as Employee remains an employee of
either the Company or a Subsidiary. Without limiting the scope of the preceding
sentence, it is specifically provided that Employee shall be considered to have
terminated employment or service with the Company at the time of the termination
of the “Subsidiary” status of the entity or other organization that employs or
engages Employee. Nothing in the adoption of the Plan, nor the award of the
Restricted Stock Units thereunder pursuant to this Agreement, shall confer upon
Employee the right to continued employment by or service with the Company or
affect in any way the right of the Company to terminate such employment or
service at any time. Unless otherwise provided in a written employment or
consulting agreement or by applicable law, Employee’s employment by or service
with the Company shall be on an at-will basis, and the employment or service
relationship may be terminated at any time by either Employee or the Company for
any reason whatsoever, with or without cause or notice. Any question as to
whether and when there has been a termination of such employment or service, and
the cause of such termination, shall be determined by the Committee or its
delegate, in its sole discretion, and its determination shall be final.
8.    Notices. Any notices or other communications provided for in this
Agreement shall be sufficient if in writing. In the case of Employee, such
notices or communications shall be effectively delivered if hand delivered to
Employee at Employee’s principal place of employment or if sent by registered or
certified mail or other mail delivery method that provides a receipt, to
Employee at the last address Employee has filed with the Company. In the case of
the Company, such notices or communications shall be effectively delivered if
sent by registered or certified mail or other mail delivery service that
provides a receipt, to the General Counsel of Company at its principal executive
offices.
9.    Entire Agreement; Amendment. This Agreement (including Exhibit A) and the
documents incorporated by reference herein replace and merge all previous
agreements and discussions relating to the

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same or similar subject matters between Employee and the Company and constitute
the entire agreement between Employee and the Company with respect to the
subject matter of this Agreement, except as otherwise provided herein. This
Agreement, including Exhibit A, may not be modified in any respect by any verbal
statement, representation, or agreement made by any employee, officer, or
representative of the Company or by any written agreement unless signed by an
officer of the Company who is expressly authorized by the Company to execute
such document. The foregoing notwithstanding, this Agreement does not modify or
replace in any way any obligations Employee has to the Company or its related
entities, under any agreement or applicable law, for non-disclosure,
non-competition, non-solicitation, or non-interference.
10.    Severability. If any part of this Agreement, including Exhibit A, is
found to be unenforceable by a court of competent jurisdiction, then such
unenforceable portion will be modified to be enforceable, or severed from this
Agreement if it cannot be modified, and such modification or severance shall
have no effect upon the remaining portions of this Agreement and Exhibit A which
shall remain in full force and effect.
11.    No Waiver. No failure by either Party at any time to give notice of any
breach by the other Party of, or to require compliance with, any condition or
provision of this Agreement shall (i) be deemed a waiver of similar or
dissimilar provisions or conditions at the same or at any prior or subsequent
time or (ii) preclude insistence upon strict compliance in the future.
12.    Binding Effect; Survival. The provisions of Sections 3(f) and 6, and
Exhibit A shall survive the lapse of the Forfeiture Restrictions without
forfeiture. This Agreement and Exhibit A shall be binding upon and shall inure
to the benefit of the Company, and automatically to any other person,
association, or entity which may hereafter acquire or succeed to all or
substantially all of the business or assets of the Company by any means whether
direct or indirect, by purchase, merger, consolidation, or otherwise. Employee’s
obligations under this Agreement and Exhibit A are personal and such obligations
of Employee shall not be voluntarily or involuntarily assigned, alienated, or
transferred by Employee without the prior written consent of the Company.
13.    Governing Law/Forum/Jury Waiver. The Parties agree and acknowledge that
this Agreement and Exhibit A shall be governed by, and construed in accordance
with, the laws of the State of Texas, without regard to conflicts of laws
principles. With respect to any claim or dispute arising out of or related to
this Agreement or Exhibit A, the Parties hereby consent to the exclusive
jurisdiction, forum, and venue of the state and federal courts located in Harris
County, Texas, unless another forum or venue is required by law. Both the
Company and Employee agree to waive a trial by jury of any or all issues arising
under or connected with this Agreement or Exhibit A, and consent to trial by the
judge.
IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the
date first above written.
FRANK’S INTERNATIONAL N.V.
By:    ____________________________________
Name:
Title:
EMPLOYEE
    
By:    _____________________________________
    
Print Name: _______________________________

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EXHIBIT A
U.S. EMPLOYEE CONFIDENTIALITY AND RESTRICTED COVENANT AGREEMENT
This U.S. Employee Confidentiality and Restrictive Covenant Agreement
(“Agreement”) is made and entered as of the ____ day of ___________, between
______________ (“Employee”) and Frank’s International, LLC and Blackhawk
Specialty Tools, LLC (the “Company”) and for the benefit of the Company, Frank’s
International N.V. and their subsidiary and affiliated companies (collectively
referred to as the “Company Group”). The Company and Employee may be referred to
individually as “Party,” and/or collectively as the “Parties.” The Parties agree
as follows:

1.Company Promise to Provide Access to Company Group Confidential Information
and Goodwill. Employee recognizes that the Company Group has made significant
investments of time and resources in establishing substantial relationships with
the Company Group’s employees and Company Relationships (defined below)
including existing and prospective customers, suppliers, contractors,
sub-contractors, and other business relationships and developing the Company
Group’s reputation and goodwill. Employee further recognizes that the Company
Group has further invested valuable time and resources to obtain and develop and
protect the Company Group’s proprietary business information, trade secrets,
know-how, and other Confidential Information (defined below). The protection of
Confidential Information and Company Relationships is vital to the interests of
the Company Group.
1.1    In exchange for Employee’s promises made in this Agreement, the Company
promises to provide to Employee, consistent with Employee’s position, access to
certain information regarding the business and activities of the Company Group.
Employee acknowledges that he/she will have access to confidential information,
training and related goodwill (“Confidential Information,” defined more fully
below) as well as Company Relationships (defined below) while employed by the
Company, including without limitation, any information and goodwill obtained by
Employee during the course of Employee’s employment with the Company, concerning
the business or affairs of the Company Group or that of its customers,
suppliers, contractors, subcontractors, agents or representatives.
1.2    Confidential Information includes any information about the Company Group
that has not been intentionally publicly disclosed by the Company Group.
Confidential Information likewise includes all information provided to the
Company Group by its customers, suppliers, contractors, subcontractors, business
partners, joint venturers, agents or representatives which has not been
intentionally publicly disclosed by these persons or entities. While Employee is
obligated to comply with all non-disclosure requirements in place with the
Company Group’s customers, suppliers, contractors, subcontractors, business
partners, joint venturers, agents or representatives, the obligations under this
Agreement are broader and apply to any non-public information the Company Group
or Employee receives from or has access to regarding these third parties,
regardless of whether the Company Group is contractually obligated to a third
party to keep such information confidential. Confidential Information includes,
without limitation, information relating to the services, products, policies,
practices, pricing, costs, suppliers, vendors, methods, processes, techniques,
finances, administration, employees, devices, trade secrets and operations of
the Company Group, any inventions, modifications, discoveries, designs,
developments, improvements, processes, software programs, work of authorship,
documentation, formula, data, technique, technology, know-how, secret or
intellectual property right by any Company Group employee, Company Group
customers or potential customers, marketing, sales activities, development
programs, promotions, manufacturing, machining, drawings, future and current
plans regarding business and customers, e-mails, notes, manufacturing documents,
engineering documents, formulas, financial statements, bids, project reports,

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handling documentation, machinery and compositions, all financial data relating
to the Company Group, business methods, accounting and tracking methods, books,
inventory handling procedure, credit, credit procedures, indebtedness, financing
procedures, investments, trading, shipping, production, processing, welding,
fabricating, assembling, renting, domestic and foreign operations, customer and
vendor and supplier lists, data storage in any medium (electronic or hard copy)
contact information, lab reports, lab work, and any data or materials used in
and created during the development of any of the aforementioned materials or
processes.
2.    Employee Promise Not to Disclose Confidential Information. Employee
acknowledges that this Confidential Information is confidential, proprietary,
not known outside of the Company Group’s business, valuable, special and/or a
unique asset of the Company Group which belongs to the Company Group and gives
the Company Group a competitive advantage. If this Confidential Information were
disclosed to third parties or used by third parties and/or Employee, such
disclosure or use would seriously and irreparably damage the Company Group and
cause the loss of certain competitive advantages. Employee promises he/she has
not and will not disclose in any way, or use for Employee’s own benefit or for
the benefit of anyone besides the Company Group, the Confidential Information
described above and obtained by Employee as part of his/her employment with the
Company. Employee acknowledges that this promise of non-disclosure and non-use
continues indefinitely and specifically does not expire at the end of Employee’s
employment with the Company. This Section does not apply to or in any way
restrict or impede Employee from any communications with government agencies as
stated below, or complying with any applicable law or court order, or exercising
whistleblower or other protected non-waivable legal rights.
3.    Non-Disparagement. Employee agrees that he/she shall not at any time make,
publish, or communicate to any person or entity or in any public forum, any
defamatory or disparaging remarks, comments, or statements concerning the
Company Group or its businesses, business practices, or any of its employees or
officers, and existing and prospective customers, suppliers, investors and other
associated third parties. This Section does not apply to or in any way restrict
or impede Employee from any communications with government agencies as stated
below, or complying with any applicable law or court order, or exercising
whistleblower or other protected non-waivable legal rights.
4.    Non-Competition/Non-Solicitation/Non-Interference. Employee acknowledges
that the highly competitive nature of the Company’s business, Employee’s
position with the Company, and the Confidential Information, Company
Relationships, training, and goodwill provided to Employee during his/her
employment with the Company, support Employee’s promises not to compete with the
Company, and not to solicit or interfere with the Company’s relationships with
its customers and employees as stated below in the rest of this Section 4,
during his/her employment with the Company and for twelve (12) months following
his/her separation from the Company (“the Restricted Period”) regardless of the
reason for the separation, within the Restricted Area, which is defined as the
Louisiana parishes of Lafayette, Iberia, and Terrebonne and the Texas counties
of Harris, Fort Bend, Montgomery, Brazoria, and Galveston, as well as any
county/parish in which the Employee engaged in Company Business during the last
twelve (12) months of Employee’s employment with the Company.
4.1    Non-Competition. During the Restricted Period and in the Restricted Area,
Employee will not engage in or carry on, directly or indirectly, a business
similar to and competitive with the business of the Company (“Competing
Business”). The business of the Company (“Company Business”) specifically
includes, but is not limited to, the business involved with the land operations,
offshore operations, tubular sales, casing installation, completion
installation, Blackhawk cementing and well construction, and specialty products
divisions of the Company’s business as well as any divisions in operation during
Employee’s employment with the Company, and includes the Company’s current and
planned (future) business, bids,

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projects, contracts, and Company Relationships. Accordingly, during the
Restricted Period and in the Restricted Area, Employee will not, directly or
indirectly, own, manage, operate, join, become employed or engaged by, partner
in, control, participate in, be connected with, loan money or sell or lease
equipment or property to, or otherwise be affiliated with any Competing
Business. For further clarity, Competing Business shall include the design,
sales, marketing, fabrication, installation, provision, rental, repair, or
manufacturing of products or services similar to or functionally equivalent to
those designed, sold, installed, repaired, fabricated, manufactured, produced,
provided, rented, marketed or licensed by the Company. The foregoing
notwithstanding, Employee may own less than two percent (2%) of the outstanding
stock of any class for a Competing Business which sells its stock on a national
securities exchange and if Employee is not involved in the management of such
Competing Business. Further, Competing Business and Restricted Area, as defined
above, shall not include any geographic areas, services, or products of the
Company in which Employee had no responsibility, no involvement, and about which
he/she had no access to Confidential Information or Company Relationships during
the last twelve (12) months of Employee’s employment with the Company.
4.2    Non-Solicitation/Non-Interference of Employees/Contractors. During the
Restricted Period and in the Restricted Area, Employee further agrees that
he/she will not, directly or indirectly, interfere with the Company’s
relationship with, solicit or hire or otherwise encourage to change or leave
their employment or contractor position with the Company, any person currently
employed by or engaged as a contractor to the Company, and who was employed by
or engaged by the Company during Employee’s employment with the Company. This
restriction shall not include any current or potential employee or contractor of
the Company for whom Employee had no responsibility, no involvement, and about
whom he/she had no access to Confidential Information during his/her employment
with the Company. This restriction does not apply to postings and advertisements
regarding job opportunities which are made available to the public and are not
directed specifically toward Company employees or contractors.
4.3    Non-Solicitation/Non-Interference of Customers, Vendors, Suppliers.
During the Restricted Period and in the Restricted Area, Employee further agrees
that he/she will not, directly or indirectly, solicit business of a similar
nature to that provided by the Company from any customer of the Company, nor
encourage or otherwise cause any current or potential customer, vendor or
supplier of the Company, including those for the Company’s current or planned
(future) projects, bids, or contracts, to cease or materially change their
current or potential business relationship with the Company or otherwise attempt
to interfere with these current or potential Company Relationships. For purposes
of this Section, “current and potential customer, vendor or supplier” shall mean
any entity or person with whom the Company has been pursuing a business
relationship during Employee’s employment with the Company, and any “potential
business relationship” shall mean any relationship pursued by the Company during
Employee’s employment with the Company, including any current or planned
(future) bids, projects or contracts. All of these relationships in the
aggregate are defined as “Company Relationships.” This restriction shall not
include any Company Relationship for which Employee had no responsibility, no
involvement, and about which he/she had no access to Confidential Information
during his/her employment with the Company.
5.    Intellectual Property. Employee assigns to the Company all right, title
and interest Employee has or may acquire in and to any Intellectual Property
that results from Employee’s efforts, either alone or jointly with others,
during the period of Employee’s employment with the Company. “Intellectual
Property” means any and all inventions, discoveries, developments, innovations,
processes, designs, methods, technologies, formulae, models, research and
development, patents, patent applications, trade secrets and other Confidential
Information and works of authorship (including copyrightable works, copyrights
and copyright applications), and improvements to any of the foregoing that,
either alone or jointly with others: (a) result from any work performed on
behalf of the Company, or from a research project

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suggested by the Company; (b) relate in any way to the existing or contemplated
business of the Company; or (c) result from the use of the Company’s time,
material, employees or facilities. Employee acknowledges and agrees that any
work Employee performs for the Company during employment that constitutes
copyrightable subject matter shall be considered a “work made for hire” as that
term is defined in the United States Copyright Act (17 U.S.C. Section 101).
Employee hereby ratifies and otherwise transfers and assigns to the Company, and
waives and agrees never to assert, any and all rights to claim authorship,
rights to object to any modification or other moral rights that Employee may
have in or with respect to any Intellectual Property and/or works made for hire,
even after termination of Employee’s employment. Employee further agrees that
if, in the course of providing services to the Company, Employee incorporates
any intellectual property owned by Employee, the Company is hereby granted a
nonexclusive, royalty-free, perpetual, irrevocable, worldwide right and license
to make, have made, copy, modify, use, distribute and sell such intellectual
property or products incorporating such intellectual property of Employee.
During and after Employee’s employment, Employee will assist and cooperate with
the Company for no additional compensation, but with the Company reimbursing any
of Employee’s necessary out of pocket expenses. Employee will complete and sign
documents requested by the Company to acquire, transfer, maintain, perfect and
enforce the Company’s rights to the Intellectual Property, including patent,
copyright, trade secret and other protections for the Company’s Intellectual
Property.
6.    Employee Acknowledgement of Need For Protections and Restrictions
Promised; Modifications of Restrictions. Employee acknowledges and understands
that his/her promises in this Agreement restrict some of his/her actions during
and after employment with the Company. However, Employee acknowledges and agrees
that he/she has or will receive sufficient consideration from the Company under
this Agreement to justify such restrictions and that such restrictions are
reasonable and necessary to protect the Company’s legitimate business interests.
Employee understands and agrees that the restrictions in this Agreement shall
continue beyond the termination of Employee’s employment, regardless of the
reason for such termination.
7.    Remedies. Employee acknowledges that money damages would not be a
sufficient remedy for any breach of this Agreement by Employee, and that the
Company shall be entitled to enforce this Agreement by specific performance and
immediate injunctive relief as remedies for such breach or any threatened
breach. Such remedies shall not be deemed the exclusive remedies for a breach of
this Agreement, but shall be in addition to all remedies available to the
Company at law, under common and statutory law, the Texas Uniform Trade Secrets
Act, Louisiana Uniform Trade Secrets Act, the Defend Trade Secrets Act, under
other agreements, or in equity, including, without limitation, the recovery of
attorneys’ fees incurred by the Company in enforcing this Agreement or otherwise
protecting its rights, as well as damages caused by Employee and his/her agents
involved in such breach.
8.    Notification to Subsequent Employers. Employee further acknowledges that
in order to enforce his/her obligations under this Agreement, the Company may
need to notify subsequent actual or potential employers of Employee’s
obligations under this Agreement. Employee agrees to notify the Company of the
identity of his/her employers for the Restricted Period before accepting a
position with such employers, and Employee consents to the Company providing
notification to these employers of Employee’s ongoing obligations to the Company
under this Agreement or under other applicable law. Notices to the Company
should be made in a manner that provides a receipt of delivery and addressed to:
Senior Vice-President Human Resources, 10260 Westheimer Road, Suite 700,
Houston, Texas 77042.
9.    Tolling of Restricted Period. The duration of the Restricted Period shall
be tolled and suspended for any period that Employee is in violation of these
covenants up to a period of one (1) year, unless such tolling is disallowed
under applicable law.

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10.    Return of Confidential Information and Company Property. All written,
electronic, or other data, materials, records and other documents made by, or
coming into the possession or control of, Employee which contain or disclose
Confidential Information shall be and remain the property of the Company. Upon
request, and in any event, without request upon termination of Employee’s
employment with the Company for any reason, Employee shall promptly return,
without deletion, copying or alteration, all written or electronic materials,
data, information, records and any other property in Employee’s possession or
control, whether located on or off Company premises, which may concern the
Company, its current or potential customers, vendors or suppliers, whether or
not confidential or proprietary in nature.
11.    At-Will Employment. Employee acknowledges and agrees that nothing in this
Agreement is a guarantee or assurance of employment for any specific period of
time. Rather, Employee understands that he/she is an at-will employee and that
either Employee or the Company may terminate this at-will employment
relationship at any time for any reason or no reason.
12.    No Interference with Rights. Employee acknowledges and agrees that
nothing in this Agreement is intended to, nor does it, interfere with or
restrain any employee’s right to share or discuss information regarding his/her
wages, hours, or other terms and conditions of employment in the exercise of any
rights provided by the National Labor Relations Act or other applicable laws.
Further, Employee acknowledges and agrees that this Agreement is not intended
to, nor does it, interfere with or restrain Employee’s right to report unlawful
actions to the Securities and Exchange Commission or any other law enforcement
or administrative agency, or to participate in any such agency’s investigation,
or to engage in any whistleblower or other activity protected or required by
law. Further, neither this Agreement nor any other agreement or policy of the
Company shall impose civil or criminal liability under any trade secret law or
otherwise prohibit Employee from the following disclosures: (a) disclosures of
trade secrets made in confidence to a federal, state, or local government
official, or to an attorney, solely for the purpose of reporting or
investigating a suspected violation of law, or (b) disclosures of trade secrets
made in a complaint or other document filed in a lawsuit or other proceeding, if
such filing is made under seal or per court order, or (c) disclosures of trade
secrets by a plaintiff to his/her attorney in a lawsuit for retaliation for
reporting a suspected violation of law and use of the trade secret information
in the court proceeding, if any document containing the trade secrets is filed
under seal and does not disclose the trade secrets, except pursuant to court
order. Employee is not required to notify Company of these allowed reports or
disclosures.
13.    Governing Law/Forum/Jury Waiver. The Parties agree and acknowledge that
this Agreement shall be governed by, and construed in accordance with, the laws
of the State of Texas, without regard to conflicts of laws principles. With
respect to any claim or dispute arising out of or related to this Agreement, the
Parties hereby consent to the exclusive jurisdiction, forum and venue of the
state and federal courts located in Harris County, Texas, unless another forum
or venue is required by law. The Parties agree to waive a trial by jury of any
or all issues arising under or connected with this Agreement, and consent to
trial by the judge.
14.    No Duties to Other Employers. Employee represents that he/she is not
bound by the terms of any agreement with any previous employer or other party
other than the Company to: (a) refrain from using or disclosing any information
that would be necessary to and/or reasonably expected to be utilized by Employee
in the course of the performance of his/her duties in the employ of the Company
or (b) refrain from engaging in any business activity that would otherwise
preclude Employee from performance of his/her duties in the employ of the
Company. Employee further represents that Employee’s performance of his/her
duties does not and will not violate any agreement with any prior employer or
third party. Employee agrees not to use or disclose during his/her employment
with the Company any information which belongs to another entity or person.

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15.    Successors and Assigns. This Agreement shall be binding upon and shall
inure to the benefit of the Company Group, and automatically to any other
person, association, or entity which may hereafter acquire or succeed to all or
substantially all of the business or assets of the Company Group by any means
whether direct or indirect, by purchase, merger, consolidation, or otherwise.
Employee’s obligations under this Agreement are personal and such obligations of
Employee shall not be voluntarily or involuntarily assigned, alienated, or
transferred by Employee without the prior written consent of the Company.
16.    Representations; Modifications; Other Agreements; Severability. Employee
acknowledges that he/she has not relied upon any representations or statements,
written or oral, not set forth in this Agreement. This Agreement cannot be
modified except in writing and signed by both parties. This Agreement
supplements and does not limit or restrict or alter in any way any obligations
that the Employee may have undertaken in other agreements with the Company Group
or which apply to Employee under any applicable law, including but not limited
to, the Texas Uniform Trade Secrets Act, the Louisiana Uniform Trade Secrets
Act, and the Defend Trade Secrets Act. If any part of this Agreement is found to
be unenforceable by a court of competent jurisdiction, then such unenforceable
portion will be modified to be enforceable, or severed from this Agreement if it
cannot be modified, and such modification or severance shall have no effect upon
the remaining portions of the Agreement which shall remain in full force and
effect.

Executed this ______________ day of ____________________, 20___.

EMPLOYEE:

___________________________________________________
EMPLOYEE SIGNATURE

___________________________________________________
Printed Name

COMPANY:

________________________________________________
COMPANY REPRESENTATIVE SIGNATURE

___________________________________________________
COMPANY REPRESENTATIVE TITLE

___________________________________________________
Printed Name

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