EX-10.1



 Exhibit 10.1 

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT 

WHEREAS, C&J Energy Services Ltd. (formerly Nabors Red Lion Limited), a Bermuda exempted company (the “Company”),
and Donald J. Gawick (“Executive”) are parties to that certain Employment Agreement (the “Employment Agreement”) effective as of March 24, 2015 (the “Effective Date”), the date of the
consummation of the transactions contemplated by the Agreement and Plan of Merger dated as of June 25, 2014 by and among Nabors Industries Ltd., the Company and C&J Energy Services, Inc.; and 

WHEREAS, pursuant to Section 10.2 of the Employment Agreement, the Employment Agreement may be amended by a written document
signed by both parties; and  
 WHEREAS, the Company and Executive desire to enter into this FIrst Amendment to Employment
Agreement (the “Amendment”) for purposes of amending the terms and conditions of Executive’s employment with the Company; 

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties hereto agree as follows, effective
as of June 14, 2016: 
 1. The first sentence of Section 2.1 of the Employment Agreement is hereby amended to read as
follows: 
 “During the Term (as defined below), Executive shall serve the Company as President and Chief Executive
Officer and as Chief Operating Officer or in such other capacity as the Board shall determine.” 
 2. The first sentence of
Section 3.2 of the Employment Agreement is hereby amended to read as follows: 
 “As compensation for services
rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $875,000 (“Base Salary”).” 

3. The first sentence of Section 3.3(a) of the Employment Agreement is hereby amended to read as follows: 

“Executive shall be eligible to receive an annual bonus (“Annual Bonus”) for each full calendar year
beginning on or after January 1, 2015 that he is employed with the Company during the Term (each such calendar year, a “Bonus Year”) in which the Company achieves certain targets as set forth by the Compensation Committee of
the Board (the “Compensation Committee”), and the amount of such bonus shall have a target range (assuming all performance targets are met or exceeded) of 150% to 250% of Executive’s Base Salary for the applicable Bonus Year;
provided that Executive shall not be entitled to an Annual Bonus for any Bonus Year, unless the Compensation Committee determines otherwise, in which the Company does not achieve such targets, as determined by the Compensation Committee; and
provided further, that Executive shall not be 

  
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entitled to any Annual Bonus if Executive’s employment is terminated by the Company for Cause prior to the date of payment of such Annual Bonus and, subject to the exceptions set forth in
Sections 4.3(b)(ii), 4.3(b)(1), 4.3(c)(ii), 4.3(c)(1), 4.3(d)(ii) and 4.3(e)(iii) Executive shall not be entitled to any Annual Bonus if Executive is not employed by the Company on the date the
Compensation Committee determines annual bonuses for executive officers of the Company.” 
 IN WITNESS WHEREOF, the parties have
executed this Amendment effective as of June 14, 2016. 
  

			
	COMPANY:
	
	C&J ENERGY SERVICES LTD.
		
	By:	 	 /s/ Brian Patterson

	Name:  Brian Patterson
	Title:    Corporate Secretary
	
	EXECUTIVE:
	
	 /s/ Donald J. Gawick

	Donald J. Gawick



  
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