Document:

EX-10.4

 Exhibit 10.4 

MASTER DISTRIBUTOR AGREEMENT 

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”. 

WITNESSETH: 

WHEREAS, NOV manufactures, markets and sells certain equipment and parts to be used in the oil and gas industry, hereinafter called
“Equipment”. 
 WHEREAS, DISTRIBUTOR represents that it is engaged in the marketing and selling of such Equipment and
desires to be appointed as a distributor of such Equipment and desires to purchase such Equipment, in accordance with the terms of this Agreement, for resale; 

WHEREAS, the terms of this Agreement shall govern the distributor relationship between each of the various business groups of NOV and
DISTRIBUTOR on a general basis; 
 NOW THEREFORE, the parties hereto, in consideration of the mutual promises herein contained, do
covenant and agree as follows: 
 I. APPOINTMENT 

NOV hereby appoints DISTRIBUTOR as its authorized non-exclusive distributor of the Equipment in the Territory. The Territory to be covered by
DISTRIBUTOR is worldwide, except as otherwise agreed between the parties hereto. The Territory, however, shall not include any area or jurisdiction where NOV has an agreement in place that would prevent the sale of the Equipment by DISTRIBUTOR. NOV
shall have the right to appoint any other person or entity as a non-exclusive distributor of the Equipment in the Territory and NOV shall have the right to make direct sales of Equipment into the Territory, for which no monies shall be due
DISTRIBUTOR. 
 II. SCOPE OF AGREEMENT 

The relationship between DISTRIBUTOR and NOV under this Agreement is that of buyer and seller. DISTRIBUTOR and its agents and employees shall,
under no circumstances, be considered to be agents, employees, or representatives of NOV, and they shall not hold themselves out as such to third parties nor attempt to enter into contracts or commitments in the name of or on behalf of NOV nor bind
NOV in any respect whatsoever. 
 III. DISTRIBUTOR RESPONSIBILITIES 

DISTRIBUTOR accepts this appointment upon the terms and conditions herein and agrees that, so long as this appointment is in effect, it will:

  

	 	(a)	Use its commercially reasonable efforts to develop business in, to promote the sale and use of, and to sell the Equipment covered by this Agreement in the assigned Territory; 

	 	(b)	Maintain a sales organization which actively solicits the sale of products covered by this Agreement, carry out promotional programs, and fully utilize the sales assistance furnished by NOV; 

 

	 	(c)	Submit to NOV, upon request if available, the forecasted requirements of DISTRIBUTOR for Equipment; 

  

	 	(d)	Buy and resale Equipment, and maintain those stocks of Equipment, components and accessories that are necessary to promote the sales of NOV products and the Equipment and fulfill its customers’ service needs;

  

	 	(e)	Inform NOV of significant personnel changes, and other material changes within the organization of the DISTRIBUTOR, that would materially affect the DISTRIBUTOR’s performance under this Agreement;

  

	 	(f)	Obtain, to the extent necessary or appropriate, any necessary approvals from any governmental, local or other authority, which are required in order to sell the Equipment and comply with the provisions hereof;

  

	 	(g)	Pay NOV for the Equipment purchased from NOV at the prices and upon the terms and conditions herein set forth; 

  

	 	(h)	Purchase from NOV Equipment in such quantity as shall satisfy the DISTRIBUTOR’s requirements for resale during the term of this Agreement, unless otherwise agreed to in writing by NOV; 

 

	 	(i)	Indemnify and hold harmless NOV, its affiliated companies, parents and their respective directors, officers, employees, agents and other representatives from and against any and all claims, liability, loss, demands,
obligations or damage of any kind or character, including without limitation, injuries and death to persons, and loss of or damage to property by whomever owned, arising out of DISTRIBUTOR’s negligent performance, acts or omission under this
Agreement. This obligation shall be deemed continuous, notwithstanding any expiration or termination of this Agreement. 

IV. NOV RESPONSIBILITIES 
 NOV
agrees that, so long as this Agreement is in effect, it will: 
  

	 	(a)	Sell to the DISTRIBUTOR for resale within the Territory the Equipment for the period and upon the terms and conditions provided for herein, including any applicable discounts stated herein; 

  
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	 	(b)	NOV shall use all reasonable efforts to ship promptly supplies of the Equipment to the DISTRIBUTOR; and 

  

	 	(c)	Indemnify and hold harmless DISTRIBUTOR from and against any and all loss, costs, damages and expenses whatsoever which DISTRIBUTOR may sustain or incur, and any and all liability, causes of action, proceedings, claims
and demands whatsoever which may be brought or made against the DISTRIBUTOR, arising from any infringement of patent, trademark or other intellectual property rights and claims of any other person for the use of the name “National Oilwell
Varco”. 

  

	 	(d)	Indemnify and hold harmless DISTRIBUTOR, its affiliated companies, parents and their respective directors, officers, employees, agents and other representatives from and against any and all claims, liability, loss,
demands, obligations or damage of any kind or character, including without limitation, injuries and death to persons, and loss of or damage to property by whomever owned, arising out of NOV’s negligent performance, acts or omission under this
Agreement (including without limitation claims of product liability or strict liability). This obligation shall be deemed continuous, notwithstanding any expiration or termination of this Agreement. 

 

	 	d)	NOV agrees to maintain commercially reasonable insurance with carriers licensed to do business in the State of Texas. Such insurance shall name DISTRIBUTOR as an additional insured on all policies except Workers’
Compensation and Employers Liability and shall include comprehensive liability insurance with limits of no less than $1,000,000.00 combined single limit bodily injury and property damage per occurrence, and shall include product liability coverage.

  

	 	e)	NOV shall notify DISTRIBUTOR of any price changes in writing at least sixty (60) days before such price change would be effective. 

V. CONDITIONS OF SALE AND TERMS OF PAYMENT 

Sales to DISTRIBUTOR shall be on an open-account basis, subject to approval of NOV’s Treasury Department, and all such sales to
DISTRIBUTOR shall be for resale by DISTRIBUTOR. All sales to DISTRIBUTOR shall be in accordance with the provisions of this Agreement and NOV’s standard Terms and Conditions as Seller in effect at the time of each sale. Any provisions of any
inquiry or any purchase order placed by DISTRIBUTOR which are inconsistent or in addition to the terms herein contained or NOV’s standard Terms and Conditions as Seller shall be null and void. Purchase orders placed by DISTRIBUTOR shall be
effective only insofar as designating the type and quantity of equipment ordered, delivery schedule and invoicing and shipping instructions. 

The Equipment shall be delivered by NOV to the DISTRIBUTOR ex works (“EXW”) place of manufacture or NOV’s warehouse, as
indicated by NOV, and title and risk of loss with respect to the Equipment shall pass EXW, Incoterms (2010 Edition). 

  
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 Any tax, license, fee, assessment, customs duty, excise or imposition levied or imposed by any
present or future law of any governmental authority shall be the responsibility of the party incurring same. 
 VI. DELIVERY

 NOV will use its reasonable efforts to meet DISTRIBUTOR’s delivery schedules, but NOV shall not be liable for delays in
delivery or failure to manufacture or deliver due to any cause beyond its reasonable control. In the event of any such delay, the date of delivery shall be extended for a period equal to the time lost by reason of such delay. Notwithstanding the
foregoing, in the event DISTRIBUTOR’s customer refuses to accept such late delivery, DISTRIBUTOR may cancel the order without penalty or cost, except as otherwise agreed between the parties hereto. 

VII. PRICES - DISCOUNTS 

Equipment covered by this Agreement shall be sold to DISTRIBUTOR at NOV’s prices published in its official price book in effect at the
time of shipment, less applicable discounts as may be agreed between the parties hereto from time to time. Prices do not include federal, state or local taxes applicable to the Equipment sold under this Agreement. An amount equal to the appropriate
taxes will be added to the invoice where NOV has the legal obligation to collect such taxes. DISTRIBUTOR shall pay such amount to NOV unless DISTRIBUTOR provides NOV with a valid tax exemption certificate authorized by the appropriate taxing
authority. 
 VIII. CHANGES 

NOV expressly reserves the right to change the prices in its official price book and Equipment and discounts, and its Terms and Conditions as
Seller, in whole or in part, at any time and from time to time. Such changes shall be effective upon notifying DISTRIBUTOR in writing approximately sixty (60) days in advance of any such change or by NOV’s regular notice to the trade
announcing any such change. Such changes shall not apply to any outstanding orders or bids. 
 IX. DURATION OF AGREEMENT 

Unless sooner terminated as hereinafter provided, this Agreement shall become effective as of the Effective Date and shall continue in effect for a period of
two (2) years and shall be automatically renewed on an annual basis thereafter unless either party notifies the other thirty (30) days in advance of its intent not to renew. 

This Agreement may be terminated by either of the parties by delivering or forwarding by telefax, telecopy, telex, courier, or certified or registered mail to
the other party, at its address herein before indicated, thirty (30) days’ notice, in writing, of intention to terminate this Agreement; provided, however, that either party shall have the right to terminate this Agreement effective
immediately by giving written notice to the breaching party that termination is made for cause. Such written notice must set forth the conditions constituting cause. Situations which shall entitle either party to terminate the Agreement for cause
shall include, but not be limited to, any of the following: 
  

	 	(a)	Any material breach of this Agreement; 

  
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	 	(b)	Violation of any applicable governmental law, statute, regulation, edict, order; 

  

	 	(c)	Engaging in conduct which creates a material conflict of interest; 

  

	 	(d)	Material misrepresentation of the Equipment; 

  

	 	(e)	Misrepresentation of NOV’s policies or services; or 

  

	 	(f)	an assignment of the rights granted hereunder to a third party without the written consent of the other party to this Agreement. 

In the event of termination or expiration, this Agreement shall become null and void without prejudice, however, to any right of action or
remedy which either of said parties may have for the recovery of any monies then owing it hereunder or for the enforcement of any other obligations which may be attached, accrued or become fixed by the terms hereof or by the conduct of either or
both of the parties under this Agreement. 
 Upon termination of this Agreement by DISTRIBUTOR, NOV, at its sole option, may repurchase any
of the Equipment purchased by DISTRIBUTOR from NOV pursuant to this Agreement not then sold by DISTRIBUTOR for the same amount paid or to be paid by the DISTRIBUTOR to NOV for such Equipment plus actual transportation charges and delivery expenses.
Any unpaid balance owed by DISTRIBUTOR to NOV shall be immediately due upon termination of this Agreement. If NOV terminates this Agreement without cause, Distributor may, at its sole option, return any material purchased by DISTRIBUTOR FROM NOV
that is not sold for the same amount paid or to be paid by DISTRIBUTOR TO NOV, except as otherwise agreed between the parties hereto. 
 NOV
shall not be liable by reason of termination, expiration or nonrenewal of this Agreement to DISTRIBUTOR for any compensation, reimbursement, or damages whatsoever, whether based on goodwill established, investments made by DISTRIBUTOR, or otherwise.
DISTRIBUTOR hereby waives and renounces any claims for compensation, indemnity of payment to which it might otherwise be entitled under the laws of any political entity in the event of or because of the nonrenewal, expiration or termination of this
Agreement for any reason, and agrees further to indemnify and hold harmless NOV from any and all claims of DISTRIBUTOR’s agents, officers or employees for similar compensation, indemnity or payment. 

X. WAIVER OF PROVISIONS 

Waiver of any breach of any provision herein contained shall not be deemed to be a waiver of any other provision hereof nor a waiver of any
future breach of any such provision. 

  
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 XI. AMENDMENT AND ASSIGNMENT 

Unless authorized in writing by an officer of NOV and by an officer of DISTRIBUTOR, no amendment, addition to or modification of the
provisions of this Agreement shall be effective except with regard to Equipment, discount and NOV’s Terms and Conditions as Seller as herein provided. Neither this Agreement nor any of the rights, duties or obligations arising hereunder, nor
any interest herein, shall be transferred or assigned to any third party person, firm, corporation, or association by DISTRIBUTOR without the express prior written consent of NOV. Any purported transfer or assignment not complying with the foregoing
shall be void. The terms of this Agreement shall be binding upon and shall inure to the benefit of and be enforceable by the valid successors and assigns of the parties hereto. 

XII. GOVERNING LAW 

This Agreement shall be governed by the laws of the State of Texas, United States of America. All causes of action in favor of either party
arising out of this Agreement shall be adjudicated only in the courts of such state. Both parties hereby consent to be subject to the personal jurisdiction of such courts and agree that proper venue for any suits by or against DISTRIBUTOR shall be
in Harris County, Texas. 
 DISTRIBUTOR, in connection with performance under this Agreement, shall not violate the laws or regulations of
any country, state, province or locality in which this Agreement is to be performed; provided, however, DISTRIBUTOR shall not comply with such laws and regulations or do any actions that would cause NOV to be in violation of any law or regulation of
the United States of America. Specifically, DISTRIBUTOR covenants that it will not cause or knowingly allow NOV to be in violation of the Foreign Corrupt Practices Act (“FCPA”) of the United States. NOV shall have the right to terminate
this Agreement in the event it learns or has reason to believe DISTRIBUTOR has caused NOV to violate the FCPA. Such termination occurs on the date such violation first occurs. 

XIII. PRIOR AGREEMENTS 

This Agreement shall supersede and replace any prior distributor agreement between NOV and DISTRIBUTOR and any such prior agreement shall be
automatically terminated as of the date of this Agreement, notwithstanding any provision of such prior agreement requiring NOV or DISTRIBUTOR to give notice prior to such termination. NOV shall have no obligation to repurchase any Equipment
purchased by DISTRIBUTOR pursuant to such prior agreement, notwithstanding any contrary provision in the prior agreement. In the event of a conflict between the terms contained in this Agreement in Articles I through XVI and the terms contained
inNOV’s standard Terms and Conditions as Seller, the terms contained in this Agreement shall govern. 
 XIV. CONSULTING

 From time to time, as requested in writing by NOV, DISTRIBUTOR shall perform various consulting work for NOV. Any fees due for such
consulting work shall be on a case-by-case basis and shall be agreed to at the time such work is requested by NOV. Such consulting work shall be limited to a case-by-case basis and may be related solely to a particular project or customer of NOV.
Any fee established for such consulting work is not to be considered as creating a precedent for subsequent transactions or consulting work. 

  
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 XV. MANUFACTURING OF COMPETING PARTS/REPLICATION 

As a material part of the consideration of this Agreement, DISTRIBUTOR agrees that it will not use or allow the use of any drawings,
technology or know-how supplied by NOV, or otherwise obtained by DISTRIBUTOR under this Agreement, to produce or manufacture competing parts or assemblies for NOV’s Equipment or to replicate NOV’s Equipment or to attempt to analyze,
reverse engineering or otherwise ascertain the composition or manufacture of the Equipment. It is understood and agreed that in the event of any violation of this covenant, NOV shall be entitled to all recourse, whether at law or at equity,
including injunctive relief. This obligation shall continue after termination of this Agreement. 
 XVI. REGISTRATION 

DISTRIBUTOR covenants and agrees that it shall not allow this Agreement or any memorandum or letter referring to this Agreement or referring
to DISTRIBUTOR’s affiliation with NOV to be registered, filed or otherwise placed of record with any government, without NOV’s express prior written consent. 

IN WITNESS WHEREOF, the parties hereto have hereunder caused this Agreement to be executed in multiple parts by their respective
officers as of the day and year first above written. 
  

									
	NATIONAL OILWELL VARCO, L.P.	 		 	DNOW L.P.
	by its general partner,	 		 	By its general partner
	NOW Oilfield Services, Inc.	 		 	Wilson International, Inc.
					
	By:	 	 /s/ Dwight W. Rettig
	 		 	By:	 	 /s/ Daniel L. Molinaro

					
	Name:	 	 Dwight W. Rettig
	 		 	Name:	 	 Daniel L. Molinaro

					
	Title:	 	 Executive Vice President and General Counsel
	 		 	Title:	 	 President

  
 7EX-10.5

 Exhibit 10.5 

Master Service Agreement 
 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. 

Preamble 
 WHEREAS, NOV is engaged in the
business of providing diversified drilling services to the oil and gas industry worldwide and, from time to time, requires new and replacement equipment, products, parts and supplies for use in its offshore drilling operations. 

WHEREAS, DNOW is in the business of furnishing procurement and inventory management services and supplying equipment, products, parts, and supplies for use in
the oil and gas industry. 
 WHEREAS, NOV desires that DNOW be designated as NOV’s non-exclusive supplier for certain services, equipment, products,
parts, and supplies to NOV and DNOW desires to be designated as NOV’s non-exclusive supplier in accordance with the terms and conditions of this Agreement. 

NOW, THEREFORE, in consideration of the mutual promises set forth in this Agreement, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, NOV and DNOW agree as follows: 
 1.0 Scope of Agreement. This MSA defines the contractual rights,
obligations and liabilities of the parties related to goods and services supplied by DNOW for NOV. DNOW shall provide procurement services, manage the inventory identified by NOV and such other services as may be agreed by DNOW and NOV (collectively
the “Services”). DNOW shall sell the goods ordered by NOV under subsequent verbal or written purchase orders, either in connection with the supply of Services or based on independent purchase orders (the “Goods”) in accordance
with the terms and conditions set forth in this MSA. The Goods and Services are collectively referred to herein as “Work”. 
 2.0 Independent
Contractor. DNOW understands and agrees that it has the right to control the manner, means and progress of the Work to be provided hereunder; subject to inspection, approval and acceptance by NOV. DNOW shall furnish all materials, equipment,
labor and supplies necessary to perform the Work. DNOW will, at all times, act as an independent contractor and nothing stated or implied herein shall be construed to make DNOW an employee of NOV nor shall DNOW in any way represent that it or any of
its employees are employees of NOV. No employment relationship exists between NOV and DNOW, and neither DNOW nor its agents or employees shall be entitled to any employment benefits from NOV including, but not limited to, unemployment compensation,
worker’s compensation, or social security. 
 3.0 Insurance. DNOW agrees to carry at its sole expense the following insurance with B+ rated
companies or better: 
 Comprehensive General Liability Insurance including Contractual, Products and Completed Operations Insurance, covering all
operations and work hereunder in the amounts of not less than $1,000,000 for bodily injury and property damage. Such insurance shall specifically refer to this MSA and shall specifically cover on a primary basis the liability assumed by DNOW
hereunder. 
 If Work include the use of a motor vehicle, Automobile liability including all owned, hired and non-owned vehicles used in connection with
operations and work performed under this MSA with $1,000,000 Combined Single Limit. 

  
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 Workers’ Compensation/Employers Liability covering DNOW employees if any. Statutory Workers’
Compensation plus $1,000,000 in Employers Liability and in compliance with the laws of the state in which DNOW is performing the Work. 
 Umbrella/Excess
Liability no less than $5,000,000 in excess of the above listed insurance. 
 To the extent of the liabilities assumed by DNOW under this MSA, all policies
shall name NOV, its affiliates and subsidiaries as Additional Insured on all policies except Workers’ Compensation and Employers Liability and provide, to the extent of the liabilities assumed by DNOW under this MSA, a Waiver of Subrogation, in
favor of NOV, its subsidiaries and affiliates on all policies with respect to the Work provided under this MSA. DNOW shall furnish NOV with a certificate of insurance pursuant to above requirements. Certificate holder will be listed as National
Oilwell Varco, L.P., its affiliates and subsidiaries. DNOW must provide NOV with thirty (30) days’ notice prior to the cancellation of any policy to which NOV is listed as a Certificate holder. 

DNOW and NOV will be considered co-employers (dual or joint employers) of those persons furnished to NOV by DNOW hereunder for purposes of employer liability
under worker’s compensation laws. Irrespective of NOV’s status as a co-employer of DNOW’s employees for purposes of workers’ compensation laws, DNOW shall remain primarily responsible for the payment of worker’s compensation
benefits to its employees, and shall not be entitled to seek contribution for any such payments from NOV. 
 The above requirements are minimum requirements
and shall not limit DNOW’s liability to NOV in any manner under this MSA. 
 4.0 Indemnity. (a) Definitions. “NOV Group” means
NOV, its parent, affiliates, subsidiaries, co-lessees, partners, joint venturers, co-owners, contractors and subcontractors of any tier and all of their respective officers, directors, employees, agents, representatives and invitees. “DNOW
Group” means DNOW, its parent, affiliates, subsidiaries, co-lessees, partners, joint venturers, co-owners, contractors and subcontractors of any tier and all of their respective officers, directors, employees, agents, representatives and
invitees. 
 DNOW will defend, indemnify, release and hold NOV Group harmless from and against any manner of liability, claim, damage, penalty or cost
arising out of or related to any injury to (including death) or damage to the property of any party to the extent such injury or property damage is caused by or contributed to by DNOW Group’s negligence. NOV will defend, indemnify, release and
hold DNOW Group harmless from and against any manner of liability, claim, damage, penalty or cost arising out of or related to any injury to (including death) or damage to the property of any party to the extent such injury or property damage is
caused by or contributed to by NOV Group’s negligence. 
 5.0 Confidentiality. Both DNOW and NOV shall keep the information provided to it by
the other party and related to this Agreement, including, but not limited to proprietary software, various NOV industrial and commercial methods, designs, drawings, specifications, processes, customer lists, costs, equipment, goods, and product
usage information (the “Confidential Information”) as confidential. Neither party shall use the Confidential Information for any purpose other than as set forth under this Agreement. 

Notwithstanding the foregoing, information provided by either party for purposes hereof shall not be deemed Confidential Information and the obligations of
the receiving party under this MSA shall not apply when such information: 
  

	 	a.	is already known by the receiving party; 

  

	 	b.	is or becomes in the public domain through no wrongful act of the receiving party; 

  

	 	c.	is rightly received from a third party not under a confidentiality obligation to the disclosing party; 

  

	 	d.	is independently developed by the receiving party without breach of this Agreement; 

  
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	 	e.	is required to be disclosed pursuant to requirements of a governmental agency or is required by operation of law; or 

  

	 	f.	is approved for release by written authorization to the receiving party from the disclosing party. 

 In
consideration of NOV making available to DNOW such Confidential Information, DNOW shall treat all Confidential Information supplied by NOV or otherwise obtained by DNOW under this Agreement as confidential and proprietary to NOV and shall not
(a) disclose such Confidential Information to others, (b) duplicate such Confidential Information or (c) use the Confidential Information (nor permit any such disclosure, duplication, or use) other than for purposes specifically
contemplated by this MSA. DNOW may, however, disclose such Confidential Information to its employees, representatives and advisors who need to know same, for purposes consistent herewith, provided it shall have informed such representatives of the
confidential nature of such information and direct such representatives not to disclose such Confidential Information. DNOW also agrees that it will not use or allow the use of the Confidential Information supplied by NOV, or otherwise obtained by
DNOW under this Agreement, to replicate NOV’s equipment or to attempt to analyze, reverse-engineer, or otherwise ascertain the composition or manufacture of NOV’s products, either directly or through contractors. 

All Confidential Information provided hereunder is and shall remain the sole and exclusive property of the provider of such information and shall be
immediately returned to the providing party, along with all copies thereof, upon termination of this MSA or upon the providing party’s request. 
 NOV
may provide DNOW with certain equipment, tools, parts, samples, gauges, and other tangible things for the performance of the Work hereunder by DNOW. DNOW understands and agrees that such equipment, tools, parts, samples, gauges, and other tangible
things are the sole and exclusive property of NOV and shall be immediately returned to NOV upon termination of this MSA or upon NOV’s request. 
 The
provisions in this Section 5 shall survive termination of this Agreement. 
 6.0 Warranty. 

Goods. DNOW warrants title to the Goods free and clear of liens, taxes or encumbrances whatsoever. In the case of the purchase of new equipment/parts
manufactured by DNOW, DNOW warrants, for a period of twelve (12) months from delivery, that new equipment/parts of its own manufacture shall conform to the material and technical specifications set forth in the purchase order. Secondhand goods
are sold “as is”, and DNOW will use reasonable endeavors to specify that such goods are secondhand in the applicable order and shall provide such information upon NOV’s request. If the new equipment/parts fail to conform with such
specifications, DNOW will, at NOV’s option, promptly repair or replace the Goods at DNOW’s sole cost or refund the purchase price. 
 Third Party
Goods. Goods manufactured by others are warranted in accordance with the warranty provided by the manufacturer. DNOW will use reasonable endeavors to provide to NOV the terms of the warranty that the manufacturer offers and that will be extended to
NOV. DNOW shall provide such terms of warranty to NOV upon NOV’s request. 
 Services. All Services shall be performed by experienced, capable and
competent individuals in a timely, skilful and workmanlike manner and in compliance with this MSA and the work order, and shall be performed with the level of expertise, care and diligence demonstrated by experienced reputable contractors performing
work of a similar nature to the Services. DNOW shall stock the required items in accordance with NOV forecasts and specifications. If the Services provided by DNOW fail to conform to the warranties set forth above, DNOW shall, at its sole expense
and at NOV’s option, promptly re-perform the Services at DNOW’s sole cost; refund the amount of money paid by NOV for such nonconforming Services; or reimburse NOV for the cost of re-performing the nonconforming Services. 

This warranty does not extend to normal wear and tear. This warranty shall be null and void if any repairs, modifications, alterations are made to the Goods
supplied hereunder during the warranty period by NOV or 

  
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by others on its behalf without the prior written consent of DNOW. NOV’s remedies with respect to Goods supplied under this MSA that is found to be defective shall be limited in accordance
with this Article 6. DNOW’s total cumulative liability for warranty claims arising from or pertaining to any Goods or Services provided or required to be provided under this MSA, shall not in any case exceed the purchase price paid by NOV of
such Goods or Services. THERE ARE NO WARRANTIES WHICH EXTEND BEYOND THE DESCRIPTION ON THE FACE HEREOF. THIS WARRANTY IS GIVEN EXPRESSLY AND IN PLACE OF ALL OTHER EXPRESS OR IMPLIED WARRANTIES AND ALL IMPLIED WARRANTIES FOR MERCHANTABILITY AND
FITNESS FOR A PARTICULAR PURPOSE ARE DISCLAIMED. 
 7.0 Consequential Damages. 

NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY CONSEQUENTIAL OR INDIRECT DAMAGES (WHETHER FORESEEABLE OR NOT AT THE DATE OF THIS AGREEMENT)
INCLUDING BUT NOT LIMITED TO LOSS OF PRODUCTION, LOSS OF PROFITS, OR BUSINESS INTERRUPTION, REGARDLESS OF THE CAUSE, INCLUDING THE SOLE, JOINT OR CONCURRENT NEGLIGENCE IN ANY FORM, WILLFUL OR RECKLESS ACT OR OMISSION, STRICT LIABILITY, BREACH OF
WARRANTY, BREACH OF DUTY (STATUTORY OR OTHERWISE), BREACH OF CONTRACT, OR ANY OTHER LEGAL FAULT OR RESPONSIBILITY OF EITHER PARTY, ITS EMPLOYEES OR AGENTS, OR ANY OTHER PERSON OR PARTY. NOTWITHSTANDING THE FOREGOING, THIS LIMITATION SHALL NOT APPLY
TO THIRD PARTY CLAIMS FOR WHICH A PARTY IS LIABLE UNDER THIS MSA. 
 8.0 Payment. Unless otherwise agreed by the parties under subsequent
orders, NOV shall pay DNOW the amount invoiced for Goods and/or Services provided by DNOW to NOV under this MSA within thirty (30) days following the receipt of such invoice.  

9.0 Term and Termination. This MSA shall have an initial term of two (2) years from the Effective Date (the “Initial Term”). This MSA
may be terminated during the Initial Term only in the event of default. After the Initial Term this MSA will continue to be in effect until canceled at the option of either party by providing thirty (30) days written notice to the other party;
provided, said cancellation shall not relieve either party of its obligation arising from or incident to the Work performed hereunder prior to such cancellation being effective. Additionally, either party shall have the right to terminate this MSA
effective immediately by giving written notice to the breaching party that termination is made for cause. Such written notice must set forth the conditions constituting cause. Situations which shall entitle either party to terminate the MSA for
cause shall include, but not be limited to, any of the following: 
 (a) Any material breach of this MSA; 

(b) Violation of any applicable governmental law, statute, regulation, edict, order; or 

(c) An assignment of the rights granted hereunder to a third party without the written consent of the other party to this MSA 

(d) Any breach of this MSA if such breach is not cured within seven (7) business days from receipt of notice sent by the non-defaulting
party specifying the breach. 
 NOV reserves the right to terminate this MSA effective immediately if DNOW becomes insolvent, makes an assignment for the
benefit of creditors, institutes or is the subject of any proceedings under any applicable laws for relief from creditors, insolvency, receivership, bankruptcy, winding-up or dissolution, appoints a receiver, trustee, monitor or liquidator over any
assets of DNOW or ceases to carry on business. 
 Upon termination for cause, NOV shall be entitled to obtain the Goods and complete the Services by
commercially reasonable means through third parties and DNOW shall be liable for any additional costs incurred to effect such supply of the Goods and completion of the Services. 

  
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 Notwithstanding the foregoing, the provisions contained in Sections 4, 5, 6, 7 and 8 of this MSA shall survive
any such termination. 
 10.0 Miscellaneous. 
 (a) This
MSA shall be construed under and in accordance with the laws of the State of Texas without regard to conflicts of law principles that would require application of any other law. Any action or proceeding arising out of or relating to this MSA must be
brought in a state or federal court sitting in Harris County, Texas, and each of the parties hereby agrees to irrevocably submit itself to the exclusive jurisdiction of each such court in any such action or proceeding and waives any objection it may
now or hereafter have to venue or convenience of forum. 
 (b) This MSA contemplates unique Work and will not be assignable by DNOW nor shall DNOW
subcontract the Work without NOV’s prior written consent. In the event DNOW subcontracts the Work with NOV’s consent, DNOW will notify each such subcontractor of the terms of this MSA and before DNOW may disclose any Confidential
Information to any such subcontractor the subcontractor, to the extent allowed by law, must agree in writing to be bound by the terms contained herein to the same extent as if they were parties here. DNOW also agrees that such subcontract shall not
release DNOW from its obligations under this MSA and DNOW shall remain liable for the compliance of all such obligations. 
 (c) Any notice required or
provided for herein shall be delivered in person or by certified mail to the addresses herein provided. Notices shall be effective upon receipt by the notified party. 

If to NOV: 
 National Oilwell Varco, L.P. 

Attention: General Counsel 
 7909 Parkwood Circle Drive 

Houston, TX 77036 
 Telephone: (713) 346-7550 

Facsimile: (713) 346-7995 
 If to DNOW: 

DNOW L.P. 
 Attention: General Counsel 

7402 North Eldridge Parkway 
 Houston, TX 77041 

Telephone: 281-823-4700 
 Facsimile: 281-823-5208 

By written notice to the other party, any party may change the address to which such notices or communications are to be sent. 

(d) Any delay in the timely performance by either party under this MSA, except for the payment of monies and indemnification obligations assumed hereunder
(which may not be excused due to Force Majeure), shall be excused if and to the extent caused by occurrences beyond the control of the party, including but not limited to act of God, weather or governmental action, where any such delay cannot be,
and could not have been avoided through the exercise of reasonable due diligence and care (such event or occurrence being referred to herein as an event of “Force Majeure”); provided, however, that the party to be excused shall diligently
seek to overcome the event of Force Majeure, and resume performance promptly after the event of Force Majeure has been removed. The party seeking to be excused for performance under this MSA shall promptly notify the other, in writing, of the time
of commencement of such event of Force Majeure, and specify the detailed nature thereof. 

  
 5 

 (e) This MSA and all written and verbal work and purchase orders issued by NOV shall constitute the entire
agreement between the parties hereto and supersede all previous oral and written agreements, discussions, or understandings, if any, between the parties regarding the subject matter hereof. This MSA and purchase orders, verbal or written, shall
control and govern all Work supplied by the DNOW to or for NOV whether or not this MSA is referenced therein. In the event of any conflict between this MSA and orders issued by NOV, the terms of this MSA shall prevail. 

(f) No waiver by NOV of any of the terms, provisions or conditions hereof, nor any modification of same, shall be effective unless in writing and signed by
NOV’s authorized representative. 
 (g) For purchased Goods, ownership and risk of loss pass to NOV upon delivery of the Goods. 

(h) In performing the Work, DNOW shall comply with all applicable federal, state, local and agency laws, ordinances and regulations. 

(i) Except in the event of NOV’s failure to pay DNOW when due, DNOW waives its constitutional and/or statutory liens rights against NOV or its property
for any Work performed hereunder. 
 (j) If any provision of this MSA is held to be illegal, invalid, or unenforceable, such provision shall be fully
severable and this MSA will be construed and enforced as if such provision had never been a part of this MSA. 
 (k) DNOW expressly acknowledges and agrees
that, in the event of any breach of this MSA by DNOW and/or its Representatives, NOV will be entitled to equitable relief, including without limitation injunction and specific performance, against DNOW, in addition to all other remedies available to
NOV in law and/or in equity. 
 (l) Nothing herein shall be construed as granting or conferring upon DNOW, expressly, impliedly or otherwise, any licenses
or other rights under any of NOV’s patent, trademarks, trade secrets, property, and/or intellectual property rights. 
 (m) NOV shall have the right at
any time, upon reasonable prior notice, during normal business hours, to access DNOW’s facilities to inspect any work in progress hereunder in order to verify timeliness of performance and quality control. In the event of delay, or reasonably
anticipated delay, DNOW will immediately notify NOV in writing of the delay or anticipated delay, and its approximate duration. DNOW will undertake to shorten or make up the delay by all reasonable means. In the event DNOW is unable to meet any
delivery date(s) hereunder, NOV shall have the right acquire the Work from a third-party source and charge DNOW for any costs in excess of the purchase price for such Work. 

(n) Upon notice to DNOW, NOV may, at any time, make changes to the scope of Work and if such changes to the scope of Work are agreed to by DNOW in writing by
an authorized representative of DNOW, then DNOW shall fully and immediately comply with such changes. 
 (o) If requested by NOV, DNOW shall provide NOV
with the information and documentation necessary to enable NOV to assign an Export Control Classification Numbers (“ECCN”) for applicable Goods purchased hereunder. 

(p) DNOW represents that it has neither given nor received any commissions, payments, gifts, kickbacks, lavish or extensive entertainment, or other things of
value to or from any employee or agent of NOV or any third party in connection with this MSA and acknowledges that the giving or receiving of same could be a violation of NOV’s corporate policy. 

IN WITNESS WHEREOF, this Agreement is executed as of the date first above written. 

  
 6 

			
	NATIONAL OILWELL VARCO, L.P.,
	by its general partner
	NOW Oilfield Services, Inc.
		
	By:	 	 /s/ Dwight W. Rettig

		 	signature
		
	Name:	 	Dwight W. Rettig
		
	Title:	 	Executive Vice President and General Counsel
	
	DNOW, L.P.
	By its general partner
	Wilson International, Inc.
		
	By:	 	 /s/ Daniel L. Molinaro

		 	signature
		
	Name:	 	Daniel L. Molinaro
		
	Title:	 	President

  
 7

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