Document:

SERVICES
AGREEMENT

 

This
Services Agreement (this “Agreement”) is entered into this 18th_ day of November     , 2019 (the
“Effective Date”), between and among H-Cyte, Inc., a Nevada corporation (“H-Cyte”), and
Rion, LLC, a Minnesota limited liability company (“Rion”).

 

BACKGROUND

 

A.
Effective June 21, 2019, H-Cyte and Rion entered into that certain Product Supply Agreement (the “Supply
Agreement”), pursuant to which H-Cyte has agreed to, among other things, purchase and receive Product from Rion
(defined in the Supply Agreement), as more fully described therein.

 

B.
The Supply Agreement provides for the delivery of a Services Agreement setting forth the terms and conditions by which Rion will
conduct Process Development Research and Development for the generation of L-Cyte-01.

 

NOW
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree
as follows:

 

AGREEMENT

 

1.
Defined Terms. Defined terms that are used but not otherwise defined herein shall have the meanings ascribed to them in
the Supply Agreement.

 

2.
Term. This Agreement shall commence on the date hereof and continue until completion of the services outlined on Exhibit
A (prior to commencing the regulatory approval process), unless terminated earlier by mutual written consent of the parties
or in accordance with Section 6 (the “Term”).

 

3.
Services and Compensation. Rion agrees to provide the services (the “Services”) set forth on Exhibit
A attached hereto to H-Cyte during the Term and on the other terms and conditions set forth in this Agreement and for the
compensation set forth on Exhibit A (the “Service Fees”).

 

4.
Payment. Due upon execution of this agreement. Rion shall commence Services on receipt of payment.

 

5.
Level of Services. The intent of this Agreement is to provide H-Cyte the benefit of Rion’s resources and expertise
for the limited purpose of (i) consulting with and assisting H-Cyte in the (i) further research and development for the generation
of L-Cyte-01 and (ii) subsequently assisting H-Cyte in seeking and obtaining FDA Phase 1 IND clearance for L-Cyte-01. Rion also
agrees to consult with H-Cyte in its arrangements for services from third parties unaffiliated with Rion to support research,
development, regulatory approval and commercialization of L-Cyte-01. H-Cyte agrees that the Services provided to H-Cyte hereunder
will solely be used for H-Cyte’s operation of its business and will not be resold or otherwise made available to other parties.
Rion shall use commercially reasonable efforts to perform the Services exercising the same degree of care as it exercises in performing
the same or similar services for its own account. Notwithstanding the foregoing, H-Cyte understands and agrees that Rion does
not and cannot guarantee successful development or approval of L-Cyte-01.

 

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H-Cyte
acknowledges that Rion is not in the business of providing services similar to the Services to entities outside Rion’s group
and that the provisions of this Agreement shall be interpreted in that context. The Services shall be provided in accordance with
Rion’s practices as carried out in the ordinary course of business and shall be subject to the limitations, restrictions
and other conditions that may from time to time apply to the respective lease, license, services and other agreements of Rion
and/or its Affiliates with third party providers. Rion makes no representations and warranties of any kind, implied or expressed,
with respect to the Services, including, without limitation, warranties of merchantability or fitness for a particular purpose,
which are specifically disclaimed. Except for gross negligence or willful misconduct, Rion shall have no liability to any person
based on any claim of negligence with respect to the Services hereunder.

 

H-Cyte
further acknowledges as follows: (a) Rion’s efforts to provide the Services hereunder will be secondary to Rion’s
primary and continuing operations; (b) the Services will be provided by Rion personnel assigned by Rion, and Rion will have no
obligation to hire new personnel to replace any terminated employee providing Services from time to time; (c) all Services will
be provided using only Rion’s physical and other resources existing from time to time; (d) Services will be provided, as
reasonably requested by H-Cyte, during regular business hours and under regular business conditions; and (e) H-Cyte’s obligations
with respect to the Services will be solely as set forth herein and Rion will have no obligation to adhere to any policies or
procedures of H-Cyte. H-Cyte acknowledges and agrees that it shall have no right, title or interest in the equipment used by Rion
to perform the services, including, but not limited to, the right to lease such equipment.

 

H-Cyte
acknowledges and agrees that this Agreement does not create a fiduciary relationship, partnership, joint venture or relationships
of trust or agency between the parties and that all Services are provided by Rion as an independent contractor. For the avoidance
of doubt, the provision of Services hereunder shall not entail any transfer of ownership of any assets from Rion to H-Cyte. H-Cyte
and Rion will each maintain their appropriate permits, licenses, exemptions and authorizations from governmental authorities to
conduct the activities required hereunder.

 

6.
Termination. Either party may (without prejudice to its other rights or remedies), by notice to the other, bring the Term
to an immediate end if the other party:

 

(a)
is in material or persistent breach of any of its obligations under this Agreement or the Supply Agreement and either that breach
is incapable of remedy or the other party has failed to remedy that breach within thirty (30) days after receiving written notice
requiring it to remedy that breach;

 

(b)
is unable to pay its debts or becomes insolvent or an order is made or a resolution passed for the administration, winding-up
or dissolution of the other party (otherwise than for the purposes of a solvent merger or reconstruction) or an administrative
or other receiver, manager, liquidator, administrator, trustee or similar officer is appointed over all or any substantial part
of the assets of the other party; or

 

(c) fails to pay any sum payable under this Agreement when due and that default is not remedied
on or before the date falling thirty (30) days after the date when the party in delay received a written notice from the other
party advising the delaying party that failure to pay may result in termination of the Agreement.

 

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Upon
expiration or termination of the supply of a Service under this Agreement in accordance with the terms of this Agreement all rights
and obligations of the parties in respect of that Service only shall cease to have effect, except that such expiration or termination
shall not affect any accrued rights and obligations of the parties in respect of that Service at the date of termination. The
expiration or termination of the supply of a Service under this Agreement shall not affect the parties’ rights and obligations
in respect of other Services supplied under this Agreement.

 

7,
Information. H-Cyte and Rion shall provide each other with all information and materials reasonably necessary to perform
the Services, in all cases to the extent necessary for each of H-Cyte and Rion to fulfill their obligations under this Agreement.

 

8.
No Obligation to Continue to Use Services. H-Cyte shall have no obligation to continue to use any of the Services and H-Cyte
may terminate any Service from the Services (or any portion thereof) that H-Cyte is receiving from the Rion by giving Rion not
less than thirty (30) days prior written notice (unless the parties otherwise agreement) of its desire to terminate any or all
such Services or any portion thereof; provided that H-Cyte shall be responsible for any termination or other expenses incurred
in connection with the cessation of such services, including but not limited to, purchasing (at Rion’s cost) any inventory
or stock on hand held by Rion for the provision of Services hereunder for the sixty (60) days following notice.

 

9,
Indemnification and Limitation of Liability. Rion shall indemnify, defend and hold harmless H-Cyte and its affiliates and
each of their respective representatives (collectively, the “H-Cyte Indemnified Parties”) from and against
any losses or damages of the H-Cyte Indemnified Parties relating to, arising out of or resulting from the intentional breach,
gross negligence or willful misconduct of Rion in connection with the provision of, or failure to provide, any Services to H-Cyte.
H-Cyte shall indemnify, defend and hold harmless Rion and its affiliates and each of their respective representatives (collectively,
the “Rion Indemnified Parties”) from and against any and all losses or damages of the Rion Indemnified Parties
relating to, arising out of or resulting from the intentional breach, gross negligence or willful misconduct of H-Cyte in connection
with the Services provided by Rion pursuant to this Agreement. The aggregate liability of either party in respect of any losses
or damages suffered by the other party arising out of or in connection with this Agreement, whether in contract, tort, for breach
of statutory duty or in any other way, hall be limited to the amount of fees paid or payable hereunder. Without limiting the generality
of the foregoing, where a Service has been provided by Rion through a third party provider, Rion shall, in the event of any losses
or damages suffered by the H-Cyte Indemnified Parties, not be liable to the H-Cyte Indemnified Parties in excess of what Rion,
acting in a prudent manner, has collected from such third party provider pursuant to the prevailing contract between H-Cyte and
the third party provider.

 

In
no event shall Rion have any liability under any provision of this Agreement for any punitive, incidental, consequential, special
or indirect damages, including loss of future revenue or income, loss of business reputation or opportunity relating to the breach
or alleged breach of this Agreement, or diminution of value or any damages based on any type of multiple, whether based on statute,
contract, tort or otherwise, and whether or not arising from the other party’s sole, joint, or concurrent negligence, strict
liability, criminal liability or other fault.

 

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10.
Cooperation. H-Cyte and Rion agree to cooperate with each other in respect of the provision of the Services and provide
the other with information, in each case as reasonably requested from time to time, in order for such party to comply with its
obligations under this Agreement.

 

Rion
agrees that it will notify Mayo of this Agreement and endeavor to obtain its written consent thereto. Rion agrees that it will
make all payments owed to Mayo, if any, on account of this Agreement.

 

11.
Confidentiality. Except as required by applicable federal, state or local law or regulation, or pursuant to the valid order
of a court of competent jurisdiction or an authorized goverrunent agency, each party will treat and hold as confidential and proprietary
all of the other parties’ Confidential Information and shall not, at any time during or after the Term, disclose to any
unauthorized person or use for such party’s own account any of such Confidential Information without the prior written consent
of the disclosing party. “Confidential Information” will be interpreted as broadly as possible to include all information
of any sort (whether merely remembered or embodied in a tangible or intangible form) that is (i) related to the disclosing party’s
current or potential business and (ii) is not generally or publicly known.

 

12.
Intellectual Property. Except as provided in the Supply Agreement, H-Cyte shall not be entitled to use or have any other
right whatsoever in any intellectual property rights belonging to Rion or its Affiliates or any other third party through which
Rion makes available the Services. Any intellectual property rights developed by Rion in connection with the Services shall exclusively
belong to Rion.

 

13.
Specific Performance. The parties acknowledge and agree that remedies at law would be an inadequate remedy for the breach
of any agreement contained herein and that in addition to any remedies that may be available at law, the parties hereto shall
be entitled to seek specific performance of the terms hereof or other equitable remedies in the event of any such breach.

 

14.
Assignment. H-Cyte may not assign any of its rights or obligations hereunder without the express prior written consent
of Rion. Rion may assign this Agreement and its rights and obligations under this Agreement.

 

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15.
Force Majeure. The obligations of Rion under this Agreement with respect to any Service shall be suspended during the period
and to the extent that Rion is prevented or hindered from providing such Service, or H-Cyte is prevented or hindered from receiving
such Service, due to any of the following causes beyond such party’s reasonable control (such causes, “Force Majeure
Events”): (i) acts of God, (ii) flood, fire or explosion, (iii) war, invasion, riot or other civil unrest, (iv) Goverrunental
Order or Law, (v) actions, embargoes or blockades in effect on or after the date of this Agreement, (vi) action by any Goverrunental
Authority, (vii) national or regional emergency, (viii) strikes, labor stoppages or slowdowns or other industrial disturbances,
(ix) shortage of adequate power or transportation facilities, or (x) any other event which is beyond the reasonable control of
such party. The party suffering a Force Majeure Event shall give notice of suspension as soon as reasonably practicable to the
other party stating the date and extent of such suspension and the cause thereof, and Rion shall resume the performance of its
obligations as soon as reasonably practicable after the removal of the cause. Neither H-Cyte nor Rion shall be liable for the
nonperformance or delay in performance of their respective obligations under this Agreement when such failure is due to a Force
Majeure Event.

 

16.
Interpretation. In the event of any conflict between the provisions of a Service, as described in Exhibit A, and
the main body of this Agreement (the “Agreement Body”), the Agreement Body shall override any conflicting provision
in Exhibit A.

 

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IN
WITNESS WHEREOF, the parties have executed or have caused this Agreement to be executed by their respective officers thereunto
duly authorized, as of the date first written above.

 

	RION:	 	H-CYTE:
	 	 	 
	RION,LLC	 	H-CYTE,
    INC.

 

	By:	/s/
    AttaBehfar, M.D.	 	By:	/s/ William
    E. Horne
	Name:	AttaBehfar,
    M.D.	 	Name:	William
    E. Horne
	Title:	Chief
    Executive Officer	 	Title:	Chief
    Executive Office

 

    	6EX-10.1

 Exhibit 10.1 

November 20, 2019 
 Dick Alario 

DistributionNOW 
 7402 N. Eldridge Parkway 

Houston, Texas 77041 
 Re: Employment with DNOW L.P. (the
“Company”) 
 Dear Mr. Alario: 
 You
have been requested by the Company’s board of directors (the “Board”) to assume an executive officer role of the Company. As such, you and the Company have agreed to enter this Agreement (this “Agreement”)
effective as of November 1, 2019 (the “Effective Date”). 
 Title/Reporting Relationship 

Your title is Chief Executive Officer (“CEO”) and you report to the Board. However, you acknowledge and agree that you are an interim CEO, and
that the Board is conducting a search for a permanent CEO who will replace you when hired by the Company, and that you will cooperate with the search for and hiring of the permanent CEO. 

Responsibilities 
 You shall have the authority, duties
and responsibilities that are normally associated with and inherent in the capacity in which you will be performing and shall have such other or additional duties which are not inconsistent with your position, as may from time to time be
reasonably assigned to you by the Board. Your current directorship on the Board of the Company shall continue unaffected by this Agreement provided that you will not be an independent director. 

While employed by the Company, you will devote the necessary time, attention and efforts to the affairs of the Company to perform faithfully and efficiently
your duties and responsibilities. You shall perform the services required by this Agreement at the Company’s present principal place of business or from such other location(s) as may be mutually agreed by you and the Company; provided, however,
that your responsibilities for the Company may require you to conduct temporary travel to other domestic and international locations on business for the Company consistent with the business needs of the Company. During the term of your employment,
it shall not be a violation of this Agreement for you to engage in outside activities that do not materially interfere with performance of your responsibilities under this Agreement as set forth on Exhibit 1 hereto or as approved by
the Board in advance. 

 You acknowledge and agree that you owe a fiduciary duty of loyalty, fidelity and allegiance to act at
all times in the best interests of the Company and its affiliates and to do no act and to make no statement, oral or written, which would injure the business, interests or reputation of the Company or its affiliates. 

Base Compensation 
 Your base compensation will be
$850,000.00 per year (the “Base Compensation”). Base Compensation will be payable while you are employed hereunder in accordance with Company’s payroll policies in effect from time to time, subject to such payroll and
withholding deductions as may be required by law and, if applicable, other deductions (consistent with the Company’s policy for all employees) relating to your election to participate in the Company’s incentive, savings, retirement and
other employee benefit plans. 
 Housing Allowance 
 You
will receive $4,000.00 per month as a housing allowance while you are employed hereunder. 
 Annual Discretionary Incentive Bonus/Benefits 

You will not be eligible to participate in the Company’s annual bonus/incentive plan. 

Equity Incentive Awards 
 From time to time, you may be
eligible for additional incentive awards of nonstatutory stock options, restricted stock or phantom stock issued pursuant to the Company’s Plan then in effect. The issuance of such awards will be determined by, and to be at the sole discretion
of, the Board. Such Incentive Award amounts will be based on the achievements of you and the Company and shall be subject to and governed by the terms of the applicable plan and award agreement. 

You will be granted the Phantom Shares identified in the Now Inc. Long-Term Incentive Plan Phantom Share Agreement on November 20, 2019. The Phantom
Shares, including their vesting, will be governed by that Phantom Share Agreement. 
 Vacation 

During the term of your employment, you shall be entitled to annual paid vacation pursuant to the Company’s vacation policy as in effect from time to time
but not less than fifteen (15) days during each one-year period commencing on the Effective Date. The use of any vacation time not taken during the applicable
one-year period will be subject to the Company’s vacation policy. 

  
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 Plans 

Employee is entitled to participate in any Company-provided or Company-sponsored employee benefit plans, program, or policies for which employees in positions
comparable to Employee’s position are generally eligible. Employee recognizes that such benefits and eligibility for the benefits will be governed by their respective terms and conditions and that the benefits and benefit plans may be changed
over time with advanced notice to employees. 
 Indemnification 

If not already so covered, the Company will cause you to be covered by its director and officer insurance policies as they are in effect from time to time for
its executive officers. 
 Reimbursement of Business Expenses 

You may from time to time during the term of your employment incur various business expenses customarily incurred by persons holding positions of like
responsibility, including, without limitation, travel expenses incurred for the benefit of the Company. Subject to complying with the Company’s policy regarding the reimbursement of such expenses as in effect from time to time
during the term of your employment, which does not necessarily allow reimbursement of all such expenses, the Company shall reimburse you for such expenses from time to time, at your request, and you shall account to the Company for all such
expenses. Subject to complying with the Company’s policy regarding the reimbursement of expenses as in effect from time to time during the term of your employment and your accounting to the Company for such expenses, the Company
shall provide such reimbursement on a monthly basis through the bi-weekly cash payments of Base Compensation. 

Clawback Provisions 
 Notwithstanding any other provisions
in this Agreement to the contrary, any incentive-based compensation, or any other compensation, paid to you pursuant to this Agreement or any other agreement or arrangement with the Company which is subject to recovery under any law, government
regulation or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company
pursuant to any such law, government regulation or stock exchange listing requirement). 
 At-Will Employment

 You will be employed as an at-will-employee for all purposes, which means that your employment may be
terminated with no further obligation at any time, at the election of either you or the Company, for any reason or no reason, upon thirty (30) days advance written notice. 

  
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 Compliance with Company Policies 

You agree to comply with all applicable policies, rules and regulations of the Company, including each as in effect from time to time. 

Termination of Employment 
 You shall be entitled to the
payment of your Base Compensation through the date of your termination and all other benefits payable subject to the terms of the applicable Company benefit plan documents. No other amount will be payable upon your termination of employment with the
Company and its affiliates for any reason. 
 Other Agreements 

You acknowledge, understand and agree that as a condition to the Company’s execution of this Agreement, you are bound by, and shall be obligated to comply
with, the Employee Invention and Confidential Information Agreement, Code of Conduct, Insider Training Policy, Business Ethics Policy, Sexual Harassment Policy, and Drug & Alcohol Testing and Search Policy (the “Employee
Agreements”). It is further acknowledged, understood and agreed by that the covenants made by you as set forth in the Employee Agreements are essential elements of your employment and that, but for your agreement to comply with such
covenants, the Company would not have hired you. 
 Internal Revenue Code Section 409A Compliance 

(a)    This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended and
rules and regulations thereunder (the “Code”) to the extent any payment hereunder constitutes nonqualified deferred compensation under Section 409A of the Code. 

(b)    With respect to any reimbursement of expenses, as specified under this Agreement, such reimbursement of expenses
shall be subject to the following conditions: (1) the expenses eligible for reimbursement in one taxable year shall not affect the expenses eligible for reimbursement in any other taxable year; (2) the reimbursement of an eligible expense
shall be made no later than the end of the year after the year in which such expense was incurred; and (3) the right to reimbursement shall not be subject to liquidation or exchange for another benefit. 

(c)    If at the time of your termination of employment with the Company and its affiliates, you are a “specified
employee” as defined in Section 409A of the Code and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of employment is necessary in order to prevent any accelerated or
excise tax or penalty under Section 409A of the Code, the Company will defer commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to you and
without any interest) and such payments shall be paid to you in a single lump sum as soon as practicable (and in all events within 15 days) after the date that is six months following your termination of employment with the Company and its
affiliates (or the earliest date as is permitted under Section 409A of the Code without any accelerated or additional tax). 

  
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 (d)    The preceding provision, however, shall not be construed as a
guarantee by the Company or its affiliates of any particular tax effect to you under this Agreement. The Company and its affiliates shall not be liable to you for any payment made under this Agreement that is determined to result in an additional
tax, penalty, or interest under Section 409A of the Code, nor for reporting in good faith any payment made under this Agreement as an amount includible in gross income under Section 409A of the Code. 

(e)    “Termination of employment,” “resignation,” or words of similar import, as used in this
Agreement means, for purposes of any payments under this Agreement that are payments of nonqualified deferred compensation subject to Section 409A of the Code, your “separation from service” as defined in Section 409A of the
Code. 
 Defense of Claims 
 You agree that, during the
term of this Agreement and for a period of two (2) years after the date of termination, upon request from the Company, you will reasonably cooperate with the Company and its affiliates in the defense of any claims
or actions that may be made by or against the Company or any of its affiliates that affect your prior areas of responsibility, except if your reasonable interests are adverse to the Company or its affiliates in such
claim or action. To the extent travel is required to comply with the requirements of this covenant, the Company shall, to the extent possible, provide you with notice at least 15 business days prior to the date on which such travel would
be required. The Company agrees to promptly pay or reimburse you upon demand for all of your reasonable travel and other direct expenses incurred, or to be reasonably incurred, to comply, with your obligations under
this section. 
 Choice of Law, Venue, Waiver of Jury Trial 

THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF
LAW. THE EXCLUSIVE VENUE FOR CONDUCTING ANY LEGAL ACTION, SUIT, OR PROCEEDING WITH RESPECT TO THE ENFORCEMENT OF OR ANY MATTER ARISING UNDER OR IN CONNECTION WITH, OR CONTEMPLATED BY THIS AGREEMENT, INCLUDING THE CONDUCT OF ANY ARBITRATION OR OTHER
ALTERNATIVE DISPUTE RESOLUTION PROCEEDINGS, SHALL BE HARRIS COUNTY, TEXAS, AND EACH PARTY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS LOCATED IN HARRIS COUNTY, TEXAS IN ANY SUIT, ACTION OR PROCEEDING AND WAIVES ANY OBJECTION
BASED ON IMPROPER VENUE OR FORUM NON CONVENIENS. IN ADDITION, EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION TO VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY

  
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JUDGMENT ENTERED BY ANY COURT IN RESPECT THEREOF IN THE SPECIFIED COURTS, AND HEREBY FURTHER IRREVOCABLY WAIVES ANY CLAIM THAT ANY SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH COURT HAS BEEN
BROUGHT IN AN INCONVENIENT OR IMPROPER FORUM. 
 Arbitration 

(a)    If any dispute or controversy arises between you and the Company relating to (1) this Agreement in any way or
arising out of the parties’ respective rights or obligations under this Agreement or (2) your employment or the termination of such employment, then either party may submit the dispute or controversy to
arbitration under the then-current Commercial Arbitration Rules (the “Rules”) of the American Arbitration Association (the “AAA”). Any arbitration hereunder shall be
conducted before a panel of three arbitrators unless the parties mutually agree that the arbitration shall be conducted before a single arbitrator. The arbitrators shall be selected (from lists provided by the AAA) through mutual
agreement of the parties, if possible. If the parties fail to reach agreement upon appointment of arbitrators within twenty (20) days following receipt by one party of the other party’s notice of desire to arbitrate, then
within five (5) days following the end of such 20-day period, each party shall select one arbitrator who, in turn, shall within five (5) days jointly select the third arbitrator
to comprise the arbitration panel hereunder. The site for any arbitration hereunder shall be in Harris County, Texas, unless otherwise mutually agreed by the parties, and the parties hereby waive any objection that the
forum is inconvenient. 
 (b)    The party submitting any matter to arbitration shall do so in accordance with the
Rules. Notice to the other party shall state the question or questions to be submitted for decision or award by arbitration. Notwithstanding anything herein to the contrary, you shall be entitled to seek specific performance of your right
to be paid during the pendency of any dispute or controversy arising under this Agreement. In order to prevent irreparable harm, the arbitrator may grant temporary or permanent injunctive or other equitable relief for the protection of
property rights. 
 (c)    The arbitrator shall set the date, time and place for each hearing, and
shall give the parties advance written notice in accordance with the Rules. Any party may be represented by counsel or other authorized representative at any hearing. The arbitration shall be governed by the Federal
Arbitration Act, 9 U.S.C. Sections 1 et. seq. (or its successor). The arbitrator shall apply the substantive law and the law remedies, if applicable) of the State of Texas to the claims asserted to the extent that the arbitrator
determines that federal law is not controlling. 
 (d)    Any award of an arbitrator shall be final and binding upon the
parties to such arbitration, and each party shall immediately make such changes in its conduct or provide such monetary payment or other relief as such award requires. The parties agree that the award of the arbitrator shall be final
and binding and shall be subject only to the judicial review permitted by the Federal Arbitration Act. 

  
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 (e)    The parties hereto agree that the arbitration award may he
entered with any court having jurisdiction and the award may then be enforced as between the parties, without further evidentiary proceedings, the same as if entered by the court at the conclusion of a judicial proceeding in
which no appeal was taken. You and the Company hereby agree that a judgment upon any award rendered by an arbitrator may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

(f)    Each party shall pay any monetary amount required by the arbitrator’s award, and the fees, costs and
expenses for its own counsel, witnesses and exhibits, unless otherwise determined by the arbitrator in the award. The compensation and costs and expenses assessed by the arbitrator(s) and the AAA shall be split evenly
between the parties unless otherwise determined by the arbitrator in the award. If court proceedings to stay litigation or compel arbitration are necessary, the party who opposes such proceedings to stay litigation or compel
arbitration, if such party is unsuccessful, shall pay all associated costs, expenses, and attorney’s fees which are reasonably incurred by the other party as determined by the arbitrator. 

No Third-Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and nothing herein expressed or implied will give or be
construed to give to any person, other than the parties hereto, any legal or equitable rights hereunder. 
 Headings. Headings and captions contained
in this Agreement are inserted as a matter of convenience and for reference only and in no way define, limit, extend or prescribe the scope of this Agreement or the intent of any provision. 

Independent Legal and Tax Advice. You have been advised and you hereby acknowledge that you have been advised to obtain independent legal and tax
advice regarding this Agreement and any payments hereunder including, without limitation, under Code Section 409A. You acknowledge that none of the Company, its affiliates or any of their officers, directors, employees or agents guarantee or
are otherwise responsible for any tax consequences to you in connection with this Agreement and any payments hereunder under any federal, state, local domestic or foreign law including, without limitation, under income taxes, excise taxes or
penalties under Code Section 409A. 
 Notices. Any notice or other communication required or permitted under this Agreement shall be effective
only if it is in writing, signed by the party giving or making such notice, and shall be deemed to be given when delivered personally, by e-mail or by a reputable overnight courier service and, in each case,
addressed as follows (or if it is sent through any other method agreed upon by the Parties): 
 If to the Company, to: 

DNOW, L.P. 
 Attention: General
Counsel 
 7402 N. Eldridge Parkway 

Houston, Texas 77041 

  
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 If to you, to: 

Dick Alario 
 7402 N. Eldridge
Parkway 
 Houston, TX 77041 

Interpretation. The parties acknowledge and agree that each party has reviewed and negotiated the terms and provisions of this Agreement and has had
the opportunity to contribute to its revision. Accordingly, the rule of construction to the effect that ambiguities are resolved against the drafting party shall not be employed in the interpretation of this Agreement. Rather, the terms of this
Agreement shall be construed fairly as to both parties and not in favor or against either party. 
 Successors and Assigns. This Agreement is binding
on and is for the benefit of the parties and their respective successors, assigns, heirs, executors, administrators, and other legal representatives. Neither this Agreement nor any right or obligation hereunder may be assigned by you. The Company
shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume this Agreement in the same manner and to the same extent
that the Company would have been required to perform it if no such succession had taken place. As used in the Agreement, the “Company” shall mean both the Company as defined in the first paragraph of the Agreement and any such successor
that assumes this Agreement, by operation of law or otherwise, and in the case of an acquisition of the Company in which the corporate existence of the Company continues, the ultimate parent company following such acquisition. 

Severability. Any provision of this Agreement (or portion thereof) which is deemed invalid, illegal, or unenforceable in any jurisdiction shall, as to
that jurisdiction and subject to this paragraph, be ineffective to the extent of such invalidity, illegality, or unenforceability, without affecting in any way the remaining provisions thereof in such jurisdiction or rendering that or any other
provisions of this Agreement invalid, illegal, or unenforceable in any other jurisdiction. If any covenant should be deemed invalid, illegal, or unenforceable because its scope is considered excessive, such covenant shall be modified so that the
scope of the covenant is reduced only to the minimum extent necessary to render the modified covenant valid, legal, and enforceable. No waiver of any provision or violation of this Agreement by the Company shall be implied by the Company’s
forbearance or failure to take action. 
 Taxes 
 All
payments to you hereunder are subject to all applicable federal, state and local taxes and withholding requirements, and the Company and its affiliates shall have the authority to withhold all applicable taxes pursuant to all applicable laws. 

  
 8 

 Entire Agreement; No Oral Amendments 

This Agreement, together with any document, policy, rule or regulation referred to herein, replaces all previous agreements and discussions relating to the
same or similar subject matter between you and the Company and constitutes the entire agreement between you and the Company with respect to the subject matter of this Agreement. This Agreement may not be modified in any respect by any verbal
statement, representation or agreement made by any executive, 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. 

Execution in Counterparts; Facsimile. This Agreement may be executed in one or more counterparts, all of which will be considered one and the same
agreement and will become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties. This Agreement may be executed and delivered by an electronic transmission of an manually executed
counterpart of this Agreement by means of a facsimile machine, transmission of a .pdf or .tiff computer file or by other electronic means, and each such execution and delivery shall have the same effect as the physical delivery of a manually
executed counterpart of this Agreement. 
 [Signature Page Follows] 

  
 9 

 Please feel free to contact me if you have any questions. 

Sincerely yours, 
 DNOW L.P. 

 

							
	 /s/ Raymond Chang
	 		 	
	Name:	 	Raymond Chang	 		 	
	Title:	 	Vice President	 		 	
			
	I hereby accept these terms of employment.	 		 	
			
	 /s/ Dick Alario
	 		 	Date: November 20, 2019
	Name:	 	Dick Alario

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