Prepared and filed by St Ives Burrups






Exhibit 10.25.1


 


Amendment to  Employment Agreement


 


          This  amendment amends the Employment Agreement (the Employment Agreement”) dated  September 1, 2004, between Black Warrior Wireline Corp., a Delaware corporation  now known through name change as Warrior Energy Services Corporation (the  “Company”) and Ron Whitter (“Employee”).


 


          WHEREAS,  the Company has been engaged over the past twenty-four to thirty months in  negotiating with respect to several transactions intended to maximize the value  of the Company for its stockholders and which, if entered into, would have  changed the management and corporate structure of the Company, and


 


          WHEREAS,  throughout this process, management of the Company has encouraged the loyalty  of Employee and has sought to retain Employee’s continued employment for the  furtherance of the process of seeking to maximize values of the Company for the  Company’s stockholders, and


 


          WHEREAS,  among other incentives to retain Employee, the Company included in the  Employment Agreement a provision calling for a payment to be made to Employee  upon a change of control or change in control with respect to the Company, and 


 


          WHEREAS,  the Employee and other of the Company’s employees have demonstrated, throughout  this process, their loyalty to the Company and its management which exceeds the  customary and normal expectations of loyalty arising out of an employment  relationship, and


 


          WHEREAS,  the Company believes that it is about to complete a recapitalization of its  outstanding equity securities and a public offering of the Company’s securities  which transactions, together with other recent events and transactions, are  expected to result in the Company having a greatly enhanced valuation, and


 


          WHEREAS,  the Board of Directors believes that it is in the best interest of the Company  to reward this loyalty of Employee, and


 


          WHEREAS,  in connection with entering into this Amendment, the Company and Employee have  agreed to certain amendments to the Employee’s Employment Agreement with the  Company.


 


          NOW,  THEREFORE, the Company and the Employee agree as follows:


 


          1.          Success  Bonus Payment.  Upon the closing of the public offering of  shares of the Company presently being undertaken, and subject to the closing of  that transaction, expected to yield gross proceeds to the Company of  approximately Eighty Million Dollars ($80,000,000) and the conclusion of  related transactions resulting in the recapitalization of the Company, the  Company shall pay to Employee a success bonus in the amount of $150,000.00 (the  “Bonus Payment”).


 








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          2.          Change of  Control Provision.  In  the event the Bonus Payment is made on or prior to September 30, 2006, then,  upon such payment, Paragraph 11 of the Employment Agreement (the “COC  Provision”) shall be deemed to be deleted in its entirety and the Employee  shall have agreed, without further action on Employee’s part, that no payment  is due to be made by the Company to the Employee under the COC Provision. In  the event the Bonus Payment is not made on or prior to September 30, 2006, the  provisions of Section 1 of this amendment shall be null and void, and the COC  Provision shall be modified to read as follows, effective September 30, 2006:


 


	
   

  	
               Change of Control.  Upon the first Change of Control to occur between September    30, 2006, and the end of the term of this Employment Agreement, the Employer    shall pay to the Employee the sum of $150,000.00 (the “COC Payment”).  As used herein, a Change of Control shall    mean any of the following:  (i) any    person or group of persons (within the meaning of the Securities Exchange Act    of 1934,) shall have acquired, after the Closing Date, beneficial ownership    (within the meaning of Rule 13d-3 promulgated by the Securities and Exchange    Commission under the Securities Exchange Act of 1934,) of 20% or more of the    issued and outstanding shares of capital stock of Company having the right to    vote for the election of Directors of Company under ordinary circumstances;    (ii) more than 25% of the assets of the Company are sold in a
transaction or    series of  transactions closing within    twenty-four (24) months of one another; (iii) the Company shall merge with    any other person or firm;  (iv) during    any period of twelve consecutive calendar months, individuals who at the    beginning of such period constituted the Board of Directors of Company    (together with any new directors whose election by the Board of Directors of    Company or whose nomination for election by the Stockholders of Company was    approved by a vote of at least two-thirds of the Directors then still in    office who either were Directors at the beginning of such period or whose    election or nomination for election was previously so approved cease) for any    reason other than death or disability to constitute a majority of the    Directors then in office; or (v) William L. Jenkins ceases to serve as Chief    Executive Officer, President or Director of the Company.  There shall be only one payment due as a    result of a Change of
Control occurring on or after September 30, 2006, and    after such payment this section shall be of no further force and effect.

  



 


          3.          Extension  of Term.  The term of the  Employment Agreement is extended so that it now expires on December 31, 2008.


 


          4.          Salary  Increase.   The parties  acknowledge that the Employee’s salary was increased effective January 1, 2006,  to $235,000.00. 


 


          5.          No Further  Amendments.  Except as  amended hereby, the Employment Agreement shall remain in full force and effect  in accordance with its terms.  Other  than as specifically set forth herein, the parties hereto do not amend any term  or condition contained in the Employment Agreement.  


 


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          6.          Entire  Agreement.  The  Employment Agreement and this Amendment embody the entire agreement and  understanding between the Company and Employee, and supersede all prior  agreements and understandings between said parties relating to the subject  matter thereof.  


 


	
  WITNESS: 

  	
  WARRIOR    ENERGY SERVICES 
    CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William    L. Jenkins

  
	
   

  	
   

  	
  



  
	
   

  	
  Its:

  	
  President

  
	
   

  	
   

  
	
  WITNESS: 

  	
  EMPLOYEE:

  
	
   

  	
   

  
	
   

  	
  /s/ Ron    Whitter

  
	
   

  	
  



  
	
   

  	
  Ron Whitter

  



 


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