Document:

Exhibit 4.1

Exhibit 4.1

SECOND AMENDMENT TO INVESTMENT AGREEMENT

SECOND AMENDMENT TO INVESTMENT AGREEMENT dated as of September 1, 2009 (this “Amendment”) between
Allis-Chalmers Energy Inc., a Delaware corporation (the “Company”), and Lime Rock Partners V, L.P., a Cayman
Islands exempted limited partnership (the “Investor”).

BACKGROUND

WHEREAS, the Company and the Investor (each a “Party,” and together, the “Parties”) previously
entered into an Investment Agreement, dated May 20, 2009, as amended by the First Amendment thereto, dated June 25,
2009 (the “Investment Agreement”); and

WHEREAS, the Parties wish to further amend the Investment Agreement in order to effect certain modifications
deemed desirable by each of the Parties;

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained in the Investment Agreement and
this Second Amendment, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree to amend
the Investment Agreement as follows:

1. Capitalized terms used but not defined in this Amendment shall have the respective meanings given to
such terms in the Investment Agreement. Each reference to “hereof,” “hereunder,” “hereby” and “this
Agreement” in the Investment Agreement shall, from and after the date of this Amendment, refer to the
Investment Agreement as amended by this Amendment.

2. Section 8.1 of the Investment Agreement is hereby amended by amending and restating subsection
8.1(d) as follows: “(d) In the event that the Closings occur simultaneously, if the Investor shall
be entitled to designate four Initial Investor Nominees pursuant to Section 8.2(a) based on the Common Stock
of the Company (counting any shares of Preferred Stock on an as converted basis) to be owned by the Investor
13(d) Group after the Closings, then prior to such Closings, the Investor shall provide to the Company the
names of two Initial Investor Designees, each of whom shall be reviewed promptly by the Nominating Committee,
and on the date of such Closings, the Company shall cause to be elected or appointed to the Board such Initial
Investor Designees, subject to the satisfaction of all legal and governance requirements regarding service as
a director of the Company and, if not already received, the reasonable approval of the Nominating Committee.
The Company shall take all actions necessary to ensure that on the date of such Closings the Board shall have
at least two vacancies. By January 15, 2010, the Investor shall provide to the Company the names of two
additional Initial Investor Designees, each of whom shall be reviewed promptly by the Nominating Committee,
and as soon as reasonably practicable thereafter, the Company shall cause to be elected or appointed to the
Board such additional Initial Investor Designees, subject to the satisfaction of all legal and governance
requirements regarding service as a director of the Company and, if not already received, the reasonable
approval of the Nominating Committee. The Company shall take all actions necessary to ensure that on January 15, 2010 the Board
shall have at least two additional vacancies.”

This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same
effect as if the signatures were on the same instrument.

[Signature page follows]

 

1

 

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed by their respective
authorized officers as of the date first written above.

ALLIS-CHALMERS ENERGY INC.

By: /s/ Theodore F. Pound III               

Name: Theodore F. Pound III

Title: General Counsel and Secretary

 

LIME ROCK PARTNERS V, L.P.

By: Lime Rock Partners GP V, L.P., its 
general partner

By: LRP GP V, Inc., its general partner

By: /s/ Saad Bargach                             

Name: Saad Bargach

Title: Managing Director

 

2exv10w1

Exhibit 10.1

AMENDMENT NO. 1 TO THE

AMENDED AND RESTATED EMPLOYEE EXCESS BENEFIT AGREEMENT

          _____________ (the “Employee”), and THE TIMKEN COMPANY (“Timken”), an Ohio corporation
having its principal offices at Canton, Ohio hereby agree to amend the Amended and Restated
Employee Excess Benefit Agreement, dated December 22, 2008 (the “Agreement”) between the Employee
and Timken as set forth in this Amendment No. 1.

     1. Section 1(c) of the Agreement is hereby amended by inserting the following new sentences at
the end of second paragraph of Section 1(c):

‘‘‘Continuous Service’ shall mean the Employee’s years of ‘Continuous Service’ as
determined under the applicable Retirement Plans or Savings Plans as of the
Employee’s Termination of Employment or, if earlier, death. Notwithstanding any
provision to the contrary, for purposes of the ratio set forth in the first
paragraph of this Section 1(c), if an Employee who has been an elected officer of
Timken for five or more years but who has less than 10 years of Continuous Service
experiences an involuntary Termination of Employment as a result of a layoff and
such Termination of Employment is not for Cause (as defined in Section 2(b), below),
the Employee will be credited, as of Employee’s Termination of Employment, with the
lesser of (III) two additional years of Continuous Service or (IV) the number of
years of Continuous Service necessary for the Employee’s total years of Continuous
Service to equal 10.”

     EXECUTED this 31st day of August, 2009.

	 	 	 	 	 
	 

	 	 	 	THE TIMKEN COMPANY
	 
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	[Employee]

	 	 	 	William R. Burkhart

Senior Vice President &
General Counselexv10w2

Exhibit 10.2

AMENDMENT NO. 1 TO

THE TIMKEN COMPANY SEVERANCE AGREEMENT

          This Amendment No. 1 is effective as of August 3, 2009, by and between The Timken Company, an
Ohio corporation (the “Company”), and                      (“Employee”) and hereby amends the Severance
Agreement dated                      by and between the Company and Employee (the “Agreement”).

Words and phrases used herein with initial capital letters that are defined in the Agreement are
used herein as so defined.

I.

          Section 1 of the Agreement is hereby amended by inserting a new subsection 1.16a as follows:

“1.16a Sale Termination: The term “Sale Termination” shall mean a
Termination of Employment with the Company or a Subsidiary of the Company in
connection with:

     (a) a sale by the Company or a Subsidiary of the Company of a plant or other
facility or property or assets; or

     (b) a sale of the ownership of the Company or a Subsidiary of the Company,

when the acquiror in such sale described in subsection (a) or (b) or its affiliate
makes an offer of employment to the Employee in connection with such sale.
Notwithstanding the foregoing, a Termination of Employment shall not be a Sale
Termination if such Termination of Employment occurs during the Limited Period or
during the 90 days prior to a Change in Control under the circumstances described in
Section 4.1(a).”

II.

          Section 4.1(b) of the Agreement is hereby amended in its entirety to read as follows:

“(b) If the Employee experiences a Termination of Employment because the Company has
terminated the Employee’s employment, the Company shall pay as severance
compensation to the Employee a lump sum cash payment in the amount of the Severance
Amount unless the Termination of Employment occurs:

     (i) during the Limited Period, or

     (ii) pursuant to a Company Termination Event, or

 

 

     (iii) for reasons of (A) criminal activity or (B) willful misconduct or gross
negligence in the performance of the Employee’s duties, or

     (iv) pursuant to a Sale Termination.”

III.

          The second sentence of Section 4.2 of the Agreement is hereby amended by deleting the phrase
“If the Employee experiences a Termination of Employment because his employment is terminated by
the Company other than for Cause,” and replacing it with the phrase “If the Employee experiences a
Termination of Employment because his employment is terminated by the Company other than for Cause
and other than pursuant to a Sale Termination,”.

IV.

          The first sentence of Section 4.6(b) of the Agreement is hereby amended by deleting the phrase
“If the Company terminates the Employee’s employment other than during the Limited Period and other
than (i) pursuant to a Company Termination Event or (ii) for reasons of (A) criminal activity or
(B) willful misconduct or gross negligence in the performance of the Employee’s duties,” and
replacing it with the phrase “If the Company terminates the Employee’s employment other than during
the Limited Period and other than (i) pursuant to a Company Termination Event; (ii) for reasons of
(A) criminal activity or (B) willful misconduct or gross negligence in the performance of the
Employee’s duties; or (iii) pursuant to a Sale Termination,”.

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 1 to the Agreement on
this 31st day of August, 2009.

	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

[Employee]
	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	THE TIMKEN COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

William R. Burkhart
	 	 
	 

	 	 	 	Senior Vice President & General Counsel	 	 

- 2 -exv4w2

Exhibit 4.2

AMENDMENT TO HASTINGS ENTERTAINMENT, INC.

2002 STOCK GRANT PLAN FOR OUTSIDE DIRECTORS

     This Amendment (the “Amendment”) to the Hastings Entertainment, Inc. 2002 Stock Grant Plan for
Outside Directors, entered into to be effective as of June 3, 2009 (the “Effective Date”), amends
that certain Hastings Entertainment, Inc. 2002 Stock Grant Plan for Outside Directors, adopted as
of June 19, 2002, and amended as of June 8, 2006, (the “Plan”) by Hastings Entertainment, Inc. (the
“Company”).

     WHEREAS, the Board of Directors of the Company desires to amend certain provisions contained
in the Plan;

     NOW, THEREFORE, the Plan shall be amended as provided for below:

     1. Section 4 of the Plan is hereby deleted in its entirety and shall be amended to read in
its entirety as set forth below:

     4. SHARES SUBJECT TO THE PLAN. Subject to adjustment in accordance with Section 7
hereof, the total number of shares of common stock which may be granted under the Program is
175,000 (the “Shares”). The Shares shall be either authorized and unissued or treasury
shares.

     2. All terms and conditions of the Plan, as amended hereby, remain in full force and effect.

     IN WITNESS WHEREOF, the Company has executed this Amendment as of the Effective Date.

	 	 	 	 	 
	 	HASTINGS ENTERTAINMENT, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:

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