Document:

Employment Agreement  - Earl J. Blackwell

 Exhibit 10.4 

EMPLOYMENT AGREEMENT 
 This Employment Agreement (this “Agreement”), executed on the dates set forth below, but effective as of May 1, 2011 (the “Effective Date”), is made and entered into
by and between Earl J. Blackwell, an individual of the full age of majority of Lafayette Parish, Louisiana, whose address is 506 Beaullieu Dr, Louisiana 70508 (“Employee”), and Green Field Energy Services, Inc., a
Delaware corporation, whose address is 4023 Ambassador Caffery Parkway, Suite 200, Lafayette, Louisiana 70503 (the “Company”), who are also sometimes referred to, each individually, as a “party,” and collectively, as the
“parties” to this Agreement. 
 Recitals 

The parties desire to enter into this Agreement to provide for the employment of Employee as the Company’s Senior Vice President and
Chief Financial Officer. 
 Agreement 
 For good and valuable consideration, the receipt and adequacy of which are acknowledged, the parties agree as follows: 
 1. Employment and Term 
 1.1 Employment. The Company employs
Employee, and Employee accepts employment with the Company, as the Senior Vice President and Chief Financial Officer, under the terms of this Agreement. 
 1.2 Term. Subject to earlier termination as set forth in Section 5, below, the initial term of this Agreement and Employee’s employment with the Company under this Agreement (the
“Initial Term of Employment”) begins on November 1, 2011 (the “Start Date”) and ends on November 1, 2014 (the “Initial Term End Date”). 

1.3 Extensions of Term. Subject to earlier termination as set forth in Section 5, below, following the Initial Term End Date
set forth in Section 1.2, the term of this Agreement and Employee’s employment with the Company under this Agreement will be automatically extended for successive terms, consisting of twelve (12) months each (the “Extension
Terms”), unless either the Company or Employee gives the other party written notice of an election not to extend the term of this Agreement beyond the Initial Term End Date, or beyond an Extension Term, at least thirty (30) days before
the end of the then-current term. In this Agreement, the Initial Term of Employment and any Extension Terms (if the term of this Agreement is extended to include any Extension Terms as set forth above), will be sometimes collectively referred to as
Employee’s “Term of Employment” under this Agreement. 
 2. Duties and Reporting 

2.1 General Duties. As the Company’s Senior Vice President and Chief Financial Officer, Employee will manage and supervise
the financial affairs of the Company, using his best efforts, skill, and knowledge, and will diligently and faithfully perform all other functions that may be reasonably assigned to him by the Chairman and CEO. Employee agrees to devote his full
time, energy, and ability to his duties to the Company, except for incidental attention to the management of his personal investments that do not interfere or conflict with his duties with the Company. 

See Exhibit A, Position Description attached. 
  

 2.2 Company Chairman and Chief Executive Officer. In performing the services to be
performed under this Agreement, Employee will serve, be supervised by, and report to the Chairman and Chief Executive Officer of the Company, and any successor Chairman and Chief Executive Officer of the Company. 

3. Compensation 
 3.1
Salary. During the Term of Employment, Employee will be paid an annual base salary of $275,000, payable in accordance with the Company’s usual payroll practices, to be reviewed annually by the Company. 

3.2 Vacation. Employee will be entitled to 4 weeks paid vacation, to be taken at times selected by Employee, but subject to the
Company’s reasonable business requirements, during each full year during the Term of Employment. 
 3.3 Benefits.
Employee will be entitled to receive the same fringe benefits made available to employees of the Company in general (e.g., 401k, health insurance, etc.), recognizing that such benefits may be changed, suspended, or terminated from time to time.

 3.4 Expenses. Employee will be entitled to reimbursement for all reasonable out of pocket business expenses incurred
by Employee in the furtherance of the Company’s business, if incurred with the Company’s prior consent, and upon submitting to the Company appropriate documentation supporting the expenses incurred. 

3.5 Annual Performance Bonus. Employee will be eligible for an annual bonus; as such bonus is determined by the Chairman and Chief
Executive Officer of the Company. 
 4. Employee’s Participation in Long Term Incentive Plan. Employee will be a Tier 1 participant
in the company’s Long Term Incentive Plan.  
 5. Termination 

5.1 Events Resulting in Termination. The Term of Employment and Employee’s employment with the Company will terminate
immediately upon the occurrence of any of the following events: 
  

	 	(a)	At the election of the Company, upon the determination by the Company to cease the Company’s business operations (“Termination Due to Cessation of
Business”); 

  

	 	(b)	At the election of Employee at any time, for any reason, or no reason, upon 30 days’ prior written notice to the Company (“Voluntary Employee
Termination”). An election by Employee not to extend the Term of Employment for any Extension Period beyond the Initial Term End Date, or not to extend the Term of Employment beyond any particular Extension Term, as set forth in
Section 1.3, will not be considered to be a Voluntary Employee Termination; 

  

	 	(c)	If the Initial Term of Employment has expired, or an Extension Term has expired, and either the Company or Employee has timely elected not to extend the Initial Term of
Employment or the Extension Term as set forth in Section 1.3 (“Termination Due to Expiration of Term”); 

  

	 	(d)	The death of Employee (“Termination Due to Death”); 

  
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	 	(e)	Employee’s Disability during the Term of Employment (“Termination Due to Disability”). For purposes of this Agreement, the term
“Disability” means the inability of Employee, arising out of any medically determinable physical or mental impairment, to perform the services required of him under this Agreement for ninety (90) consecutive days, or for one
hundred twenty (120) days in any twelve-month period, as determined by a physician selected by the Company and the Employee; 

  

	 	(f)	The existence of Cause (“Termination for Cause”). For purposes of this Agreement, the term “Cause” means: 

 

	 	(i)	Failure of Employee to perform the duties required of him under this Agreement in a manner satisfactory to the Company, in its discretion; provided, however, that the
Term of Employment will not be terminated pursuant to this subparagraph (i) unless the Company first gives Employee a written notice (“Notice of Deficiency”), specifying the deficiencies in Employee’s performance of his
duties. Employee will have a period of thirty (30) days, beginning on receipt of the Notice of Deficiency, in which to cure the deficiencies contained in the Notice of Deficiency. If Employee does not cure the deficiencies to the satisfaction
of the Company, in its reasonable discretion, within that thirty (30) day period, the Company will have the right to thereafter immediately terminate the Term of Employment. The provisions of this subparagraph (i) may be invoked by the
Company any number of times and cure of deficiencies contained in any Notice of Deficiency will not be construed as a waiver of this subparagraph (i) nor prevent the Company from issuing any subsequent Notices of Deficiency;

  

	 	(ii)	Any dishonesty by Employee in his dealings with the Company or its affiliates, or the commission of fraud by Employee, negligence, willful misconduct, or a breach by
Employee in the performance of his duties under this Agreement, or the conviction (or plea of guilty or nolo contendere) of Employee of any felony or any other crime involving dishonesty or moral turpitude; 

 

	 	(iii)	Any breach or violation by Employee of any provision, covenant, or restriction contained in this Agreement or any corporate organizational document (e.g., by-laws or
shareholder agreements) including without limitation, any violation of the restrictions and covenants contained in Section 7, below; or 

  

	 	(iv)	If Employee resigns or terminates his employment when, because of existing facts and circumstances, subsequent Termination for Cause can be reasonably foreseen; or

  

	 	(g)	At the election of the Company, upon the sale of a majority interest in the stock or ownership interests in the Company, or all or substantially all of the assets of
the Company (“Termination Due to Sale”). 

  

	5.2	Payments on Termination. If the Term of Employment and Employee’s employment with the Company terminates: 

 

	 	(a)	If Employee’s employment with the Company terminates as a result of a Termination Due to Death or Termination Due to Disability as set forth in subparts
(d) and (e) of Section 5.1, Employee or his estate, as appropriate, will be entitled to receive (in addition to any fringe benefits payable upon death in the case of Employee’s death) the base salary that would otherwise be
payable to Employee under this Agreement up to the effective date of termination plus six months, payable within seven (7) business days of termination. 

  
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	 	(b)	If Employee’s employment with the Company terminates as a result of a Voluntary Employee Termination, or Termination for Cause, as set forth in subparts
(b) and (f) of Section 5.1, respectively, Employee will be entitled to receive the base salary that would otherwise be payable to Employee under this Agreement up to the effective date of termination, payable within seven
(7) business days of termination. 

  

	 	(c)	If Employee’s employment with the Company terminates as a result of a Termination Due to Sale or Termination Due to Cessation of Business as set forth in subparts
(a) and (g) of Section 5.1, Employee will be entitled to receive, as full and complete severance, the base salary that would otherwise be payable to Employee under this Agreement up to the effective date of termination plus six
months, payable within seven (7) business days of termination. 

  

	 	(d)	If Employee’s employment with the Company terminates as a result of a Termination Due to Expiration of Term, as set forth in subpart (c) of Section 5.1,
Employee will be entitled to receive the base salary that would otherwise be payable to Employee under this Agreement up to the effective date of termination plus any Annual Performance Bonus, payable within seven (7) days of termination.

 6. Legal Compliance; EEO Compliance; Code of Ethics and Conflicts of Interest. 

Employee will comply with all applicable laws and regulations (federal, state and local) and will comply with all applicable directives,
orders and regulations of any governmental agency or regulatory body, including federal, state and local agencies and bodies. Subject to Company’s obligation to reimburse Employee’s reasonable out of pocket expenses incurred in doing so,
Employee will also maintain all applicable licenses and certifications for his job position or professional designation and will comply with all rules, regulations and requirements for any and all such licensure or certification. Employee is
obligated to maintain any and all such licensure or certification as required or directed by the Company or which is in any way reasonably necessary for the performance of Employee’s job or for Employee’s performance of services. Employee
will also comply with all reasonable policies, guidelines, rules and procedures of the Company, as well as any and all directives and instructions of the President of the Company and the Board of Directors of the Company. Employee understands,
acknowledges and agrees that he will hold a position of trust and that fiduciary duties and responsibilities may apply under applicable law and that these duties and responsibilities may be continuing in nature, even after separation from
employment. Employee agrees to fully and faithfully perform and discharge all such duties, responsibilities and obligations. 

Employee will not engage in any conduct which constitutes an unlawful employment practice, which violates any laws or regulations
(federal, state and local) prohibiting discrimination, harassment and retaliation or which otherwise prohibit unlawful employment practices. Employee acknowledges that the Company is an equal opportunity employer and prohibits all forms of unlawful
discrimination in the terms and conditions of employment and prohibits all forms of harassment, including sexual harassment. 

Employee has an obligation to act in an ethical manner in dealings with the Company, with co-employees, with customers and any third
party. In this regard, Employee is required to be honest, forthright and to not take any action or make statements or engage in any conduct which is unethical, improper or which could create the appearance of impropriety. In addition, Employee will
not engage in any conduct, take any actions or make statements which negatively reflect upon the Company or in any way harm or potentially cause harm to the Company’s image, reputation or good will. 

  
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 Employee must also ensure that he does not engage in any conflict of interest. In this
regard, Employee will not engage in any activity or conduct which is contrary to the exclusive interests of or in conflict with the exclusive interests of the Company. All business opportunities presented to Employee during the course and scope of
his employment or while employed with the Company are to be used for the benefit of the Company only. Further, Employee will not take any position contrary to the Company’s interests or inconsistent with Employee’s employment with the
Company. 
 7. Non-Competition, Confidentiality, Inventions, etc. 

7.1 Noncompetition. During the Term of Employment and for two (2) years thereafter, regardless of any termination pursuant to
Section 5 or any other termination or resignation by Employee, unless the Company ceases operations, Employee will not, in the Restricted Area, individually or jointly with others, directly or indirectly, whether for his own account or for that
of any other person or entity, engage in or own or hold any ownership interest in any person or entity, and will not act as an officer, director, employee, member, partner, independent contractor, consultant, principal, agent, proprietor, or in any
other capacity for, nor lend any assistance (financial or otherwise) or cooperation to, any person or entity engaged in, any business that is in competition with or similar to the business of the Company. 

The term “Restricted Area” will mean the countries, states, parishes, counties and municipalities designated in
Exhibit 7-1-A. 
 Further, the geographic limitations described above will not apply during the Term of Employment, and
during the Term of Employment, Employee will be prohibited from the foregoing activities and relationships with any person, entity, or business engaged in a business similar to any business of the Company, regardless of the geographic location of
such person, entity, or business. 
 Notwithstanding the foregoing, it will not be a violation of this Section 7 by
Employee for Employee to own a one percent (1%) or smaller interest in any corporation required to file periodic reports with the Securities and Exchange Commission. 
 7.2 Nonsolicitation. During the Term of Employment and for a period of two (2) years thereafter, and except for an on behalf of the Company, Employee will not offer employment to any employee
of the Company or its affiliates, or otherwise solicit or induce any employee of the Company or its affiliates to terminate their employment, nor will Employee act as an officer, director, employee, member, partner, independent contractor,
consultant, principal, agent, proprietor, owner or part owner, or in any other capacity, for any person or entity that solicits or otherwise induces any employee of the Company or its affiliates to terminate their employment. 

7.3 Confidentiality. Except in the performance of his duties under this Agreement, at no time during the Term of Employment or at
any time thereafter will Employee, individually or jointly with others, for the benefit of Employee or any third party, publish, disclose, use, or authorize anyone else to publish, disclose, or use, any secret or confidential material or information
relating to any aspect of the business or operations of the Company, or its affiliates, including, without limitation, any secret or confidential information relating to the business, customers, trade or industrial practices, trade secrets,
technology, recipes or know-how of any of the Company, or its affiliates. Confidential Information also includes, but is not limited to, any other proprietary, confidential, or business information or documentation or trade secrets of Company and
any and all items, tangible and intangible, protected or set forth in the Louisiana Trade Practices Act, La. R.S. 51:1431 et seq., the Texas Deceptive Trade Practices-Consumer Protection Act, Texas Bus. & Com. Code Ann. §§ 17.01 -
17.855, or other applicable law. 

  
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 7.4 Inventions. All rights to discoveries, inventions, improvements and innovations
(including all data and records pertaining thereto) related to the business of the Company (herein, the “Inventions”), whether or not patentable or reduced to writing, that Employee may discover, invent, or originate during his
employment, either alone or with others, whether during working hours, and whether by use of the facilities or assets of the Company or its affiliates, will be the exclusive property of the Company. Writings prepared by Employee that relate to the
present or reasonably anticipated business of the Company will be deemed “works made for hire” and will be the property of the Company. Employee will hold such writings in confidence unless the Company authorizes publication. Employee will
promptly disclose all Inventions to the Company, and will execute, at the Company’s request, any assignments or other documents that the Company deems reasonably necessary to protect or perfect its rights therein, and will assist the Company in
obtaining, defending and enforcing the Company’s rights therein. 
 7.5 Reasonableness of Restrictions, Reformation, and
Enforcement. The parties recognize and acknowledge that the geographical and time limitations contained in this Agreement are reasonable and properly required for the adequate protection of the interests of the Company. If any part of the
restrictions contained in this Agreement are held to be unreasonable, arbitrary, or against public policy, then the restrictions will be considered divisible, both as to the time and to the geographical area, with each month of the specified period
being deemed a separate period of time and each radius mile of the restricted territory being deemed a separate geographical area, so that the lesser period of time or geographical area will remain effective so long as the same is not unreasonable,
arbitrary, or against public policy. If any court of competent jurisdiction determines the specified period or the specified geographical area of the restricted territory to be unreasonable, arbitrary, or against public policy, a lesser time period
or geographical area which is determined to be reasonable, nonarbitrary, and not against public policy may be enforced against Employee. If Employee violates any of the covenants contained herein and if any court action is instituted by the Company
to prevent or enjoin the violation, then the period of time during which Employee’s business activities will be restricted, as provided in this Agreement, will be lengthened by a period of time equal to the period between the date of
Employee’s breach of the terms or covenants contained in this Agreement and the date on which the decree of the court disposing of the issues upon the merits becomes final and not subject to further appeal. 

7.6 Specific Performance. Employee agrees that a breach of any of the restrictions or covenants contained in this Agreement will
cause irreparable injury to the Company for which the remedy at law will be inadequate and would be difficult to ascertain. Accordingly, in the event of the breach or threatened breach of any of these covenants, the Company will be entitled, in
addition to any other rights and remedies it may have at law or in equity, to obtain an injunction to restrain Employee from any threatened or actual activities in violation of any of these covenants. Employee consents and agrees that temporary and
permanent injunctive relief may be granted in any proceedings which might be brought to enforce any of these covenants without the necessity of proof of actual damages, and if the Company does apply for an injunction, Employee will not raise as a
defense that the Company has an adequate remedy at law. 
 8. Company’s Right of Set Off 

The Company reserves the right to recover from Employee any lost, missing, stolen, or misappropriated funds of the Company or any
affiliate of the Company that have been stolen or misappropriated by Employee or that are lost or missing as a result of the neglect, gross negligence, or dishonesty of Employee (whether acting alone or in collusion with any other person), by
withholding the amount of any such funds from, or setting off the amount of such funds against, any salary to be paid to Employee or any other payments to be paid by the Company to Employee provided for under this Agreement (e.g., payments for the
purchase of Employee’s Interests as a result of the exercise of a purchase option by the Company as set forth in Section 7). 

  
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 9. General Provisions 
 9.1 Assignment. Employee may not assign or transfer any of his rights, duties, or obligations under this Agreement to any person or entity without the Company’s prior written consent, which
may be withheld for any reason or for no reason. The Company will have the right, without Employee’s consent, to assign this Agreement and the rights and duties hereunder to the Company to any affiliate or subsidiary of the Company, or to any
successor of the Company, and in each case, Employee will be bound by the assignment. 
 9.2 Additional Actions. Each
party agrees to execute additional instruments and take additional actions reasonably requested by the other party to confirm or otherwise to carry out the intent and purposes of this Agreement. 

9.3 Applicable Law. This Agreement is governed by and must be interpreted under Louisiana law, without regard to its choice of law
provisions. 
 9.4 Severability. If any part of this Agreement is held to be indefinite, invalid, or otherwise
unenforceable, the rest of the Agreement will continue in full force. 
 9.5 Joint Drafting. The parties have jointly
participated in negotiating and drafting this Agreement, and if any question of intent or interpretation arises, it will be construed as if drafted by all parties. 
 9.6 Exhibits. All schedules and exhibits are fully incorporated into this Agreement. 
 9.7 Counterparts. This Agreement may be executed in one or more counterparts, each of which is considered an original. 
 9.8 Expenses of Enforcement. In the event of a dispute, controversy or claim, arising out of or related to any provision of this Agreement, the prevailing party will be entitled to collect from the
unsuccessful party or parties all costs and expenses, including reasonable attorney’s fees, incurred by the prevailing party and exercised in defending any of the rights or remedies under this Agreement or enforcing any of the terms, conditions
or provisions of this Agreement. 
 9.9 Headings; Gender; Singular and Plural. All headings are for reference purposes
only and do not affect the interpretation of this Agreement. Wherever the context so requires, the masculine will include the feminine and neuter, and the singular will include the plural, and conversely. 

9.10 Notices. Except as otherwise specifically set forth in this Agreement, all notices, elections, consents, or approvals
required or permitted under this Agreement must be in writing and may be delivered in person, via Federal Express or any other comparable, reputable express carrier, or by U.S. mail, postage prepaid, registered or certified mail, return receipt
requested, or by fax or e-mail (if receipt is confirmed) to the respective party at the party’s mailing address, fax number, or e-mail address designated in the Company’s records. Notice sent by U.S. mail is deemed delivered and received
three days after deposit with the U.S. Postal Service. Notice sent by a reputable express carrier is deemed delivered and received on the day receipted for by the party or its agent. Notice sent by fax or e-mail is deemed delivered and received as
of the date and time of receipt indicated in the confirmation of receipt. The addresses of the parties set forth in the “appearances” section of the first page of this Agreement will be the initial designated mailing addresses for notices
in the Company’s records. Any party may change its address, fax number, or e-mail address for notices by giving the Company and the other parties written notice of the change. 

9.11 Binding Effect. This Agreement is binding on the parties and their heirs, successors, and assigns. 

9.12 Survival. All provisions of this Agreement that by their nature are continuing in nature will survive and continue following
the termination of this Agreement and Employee’s employment with the Company for the maximum periods of time allowed by law. In particular, but without limitation thereto, the termination of this Agreement or Employee’s employment with the
Company, for whatever reason, will not extinguish those obligations of Employee specified in Section 7 of this Agreement, nor will they extinguish the right of any party to bring an action, either in law or in equity, for breach of this
Agreement by any other party. 

  
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 9.13 Waiver. A party’s failure to enforce any term, provision, or condition of
this Agreement at any time or times will not be deemed a waiver of that term, provision, or condition for the future, nor will any specific waiver of a term, provision, or condition at one time be deemed a waiver of such term, provision, or
condition for any future time or times. 
 9.14 Jurisdiction. Each party agrees to submit to the personal jurisdiction
and venue of the state and federal courts in the state of Louisiana in the judicial circuit where the Company has its principal corporate office, and waive all questions of personal jurisdiction and venue, including, without limitation, the claim or
defense that those courts constitute an inconvenient forum. 
 9.15 Affiliate. Whenever used in this Agreement, the term
“affiliate” means, with respect to the Company, all persons or entities (i) controlled by the Company, (ii) that control the Company, or (iii) that are under common control with the Company. 

9.16 Entire Agreement. This Agreement and the agreements referred to herein constitute the entire agreement between the parties
concerning the subject matter hereof, and supersede all prior memoranda, correspondence, conversations, and written or oral agreements. 

10. ACKNOWLEDGMENT. EMPLOYEE ACKNOWLEDGES THAT HE HAS CAREFULLY READ THIS ENTIRE AGREEMENT AND UNDERSTANDS THE NATURE AND EXTENT OF THE RIGHTS AND
OBLIGATIONS OF THIS AGREEMENT. EMPLOYEE FURTHER ACKNOWLEDGES THAT HE IS ENTERING INTO THIS AGREEMENT VOLUNTARILY AND WITHOUT COERCION AND IS DOING SO AFTER CONSULTING WITH OR HAVING HAD THE OPPORTUNITY TO CONSULT WITH ANY ATTORNEY OF HIS CHOICE.
EMPLOYEE FURTHER ACKNOWLEDGES THAT THIS AGREEMENT IS BEING ENTERED INTO AFTER DUE THOUGHT AND CONSIDERATION AND AFTER MUTUAL AND MEANINGFUL NEGOTIATION. 
 [SIGNATURES APPEAR ON FOLLOWING PAGE] 

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement on the dates reflected beneath
their signatures. 
 WITNESSES: 
  

					
	 /s/ Carolyn B. Blanchard
	 		  	/s/ Earl J. Blackwell
		 		  	EARL J. BLACKWELL
			
	 /s/ Jessica Wininger
	 		  	Date: 1/5/2012
			
	 WITNESSES:
	 		  	Green Field Energy Services, Inc.
			
	/s/ Carolyn B. Blanchard	 		  	By: /s/ Michel B. Moreno                    
		 		  	Michel B. Moreno, Chairman and CEO
			
	 /s/ Jessica Winninger
	 		  	Date:    1/5/2012

  
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 EXHIBIT 7.1-A TO 

EMPLOYMENT AGREEMENT 
 1.
The following Parishes within the State of Louisiana 
  

			
	 Acadia

Allen
 Ascension
 Assumption

Avoyelles
 Beauregard
 Bienville

Bossier
 Caddo
 Calcasieu

Caldwell
 Cameron
 Catahoula

Claiborne
 Concordia
 De Soto

East Baton Rouge
 East Carroll
 East Feliciana

Evangeline
 Franklin
 Grant

Iberia
 Iberville
 Jackson

Jefferson
 Jefferson Davis
 Lafayette

Lafourche
 LaSalle
 Lincoln

Livingston
	  	 Madison

Morehouse
 Natchitoches

Orleans
 Ouachita

Plaquemines
 Pointe Coupee

Rapides
 Red River

Richland
 Sabine

St. Bernard
 St. Charles

St. Helena
 St. James

St. John the Baptist
 St. Landry

St. Martin
 St. Mary

St. Tammany
 Tangipahoa

Tensas
 Terrebonne

Union
 Vermilion

Vernon
 Washington

Webster
 West Baton Rouge

West Carroll
 West Feliciana

Winn

 2. The following Counties in the State of Texas – Anderson, Andrews, Angelina, Aransas, Archer, Armstrong, Atascosa,
Austin, Bailey, Bandera, Bastrop, Baylor, Bee, Bell, Bexar, Blanco, Borden, Bosque, Bowie, Brazoria, Brazos, Brewster, Briscoe, Brooks, Brown, Burleson, Burnet, Caldwell, Calhoun, Callahan, Cameron, Camp, Carson, Cass, Castro, Chambers, Cherokee,
Childress, Clay, Cochran, Coke, Coleman, Collin, Collingsworth, Colorado, Comal, Comanche, Concho, Cooke, Coryell, Cottle, Crane, Crockett, Crosby, Culberson, Dallam, Dallas, Dawson, Deaf Smith, Delta, Denton, DeWitt, Dickens, Dimmit, Donley, Duval,
Eastland, Ector, Edwards, Ellis, El Paso, Erath, Falls, Fannin, Fayette, Fisher, Floyd, Foard, Fort Bend, Franklin, Freestone, Frio, Gaines, Galveston, Garza, Gillespie, Glasscock, Goliad, Gonzales, Gray, Grayson, Gregg, Grimes, Guadalupe, Hale,
Hall, Hamilton, Hansford, Hardeman, Hardin, Harris, Harrison, Hartley, Haskell, Hays, Hemphill, Henderson, Hidalgo, Hill, Hockley, Hood, Hopkins, Houston, Howard, Hudspeth, Hunt, Hutchinson, 

  
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Irion, Jack, Jackson, Jasper, Jeff Davis, Jefferson, Jim Hogg, Jim Wells, Johnson, Jones, Karnes, Kaufman, Kendall, Kenedy, Kent, Kerr, Kimble, King, Kinney, Kleberg, Knox, Lamar, Lamb, Lampasas,
La Salle, Lavaca, Lee, Leon, Liberty, Limestone, Lipscomb, Live Oak, Llano, Loving, Lubbock, Lynn, McCulloch, McLennan, McMullen, Madison, Marion, Martin, Mason, Matagorda, Maverick, Medina, Menard, Midland, Milam, Mills, Mitchell, Montague,
Montgomery, Moore, Morris, Motley, Nacogdoches, Navarro, Newton, Nolan, Nueces, Ochiltree, Oldham, Orange, Palo Pinto, Panola, Parker, Parmer, Pecos, Polk, Potter, Presidio, Rains, Randall, Reagan, Real, Red River, Reeves, Refugio, Roberts,
Robertson, Rockwall, Runnels, Rusk, Sabine, San Augustine, San Jacinto, San Patricio, San Saba, Schleicher, Scurry, Shackelford, Shelby, Sherman, Smith, Somervell, Starr, Stephens, Sterling, Stonewall, Sutton, Swisher, Tarrant, Taylor, Terrell,
Terry, Throckmorton, Titus, Tom Green, Travis, Trinity, Tyler, Upshur, Upton, Uvalde, Val Verde, Van Zandt, Victoria, Walker, Waller, Ward, Washington, Webb, Wharton, Wheeler, Wichita, Wilbarger, Willacy, Williamson, Wilson, Winkler, Wise, Wood,
Yoakum, Young, Zapata, Zavala 
 3. The following States of the United States of America: 

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas,
Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South
Carolina, South Dakota, Tennessee, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming. 
 4. The Counties of Canada and
Mexico. 
 5. Anywhere else in the world. 
 Hub City Industries, LLC Employment Agreement (Earl J. Blackwell) 

  
 11Second Amended and Restated Employment Agreement - John M. Egle

 Exhibit 10.5 

SECOND AMENDED & RESTATED EMPLOYMENT, 
 NON-DISCLOSURE, AND NON-COMPETE AGREEMENT 
 This Second Amended &
Restated Employment, Non-Disclosure, and Non-Compete Agreement (this “AGREEMENT”) is made effective as of May 1, 2011, by Hub City Industries, L.L.C., a Louisiana liability company
(the “EMPLOYER”), and John M. Egle, an individual resident in Lafayette, Louisiana (the “EMPLOYEE”). 

RECITALS 

The Employer desires the Employee’s continued employment with the Employer, and the Employee wishes to accept such continued
employment, upon the terms and conditions set forth in this Agreement. 
 AGREEMENT 

The parties, intending to be legally bound, agree as follows: 

 

	1.	DEFINITIONS 

 For
the purposes of this Agreement, the following terms have the meanings specified or referred to in this Section 1. 

“AGREEMENT”—this Employment, Non-Disclosure, and Non-Competition Agreement, as
amended from time to time. 
 “BASIC
COMPENSATION”—Salary and Benefits. 

“BENEFITS”—as defined in Section 3.1(b). 

“CONFIDENTIAL INFORMATION”—any and all: 

(a) trade secrets concerning the business and affairs of the Employer, product specifications, data, know-how, formulae,
compositions, processes, designs, sketches, photographs, graphs, drawings, samples, inventions and ideas, past, current, and planned research and development, current and planned manufacturing or distribution methods and processes, customer lists,
current and anticipated customer requirements, price lists, market studies, business plans, computer software and programs (including object code and source code), computer software and database technologies, systems, structures, and architectures
(and related formulae, compositions, processes, improvements, devices, know-how, inventions, discoveries, concepts, ideas, designs, methods and information) and any other information, however documented, that is a trade secret within the meaning of
trade secret laws of the State of Louisiana; 
 (b) information concerning the business and affairs of the
Employer (which includes historical financial statements, financial projections and budgets, historical and projected sales, capital spending budgets and plans, the names and backgrounds of key personnel, personnel training and techniques and
materials); and 

  
 1 

 (c) notes, analysis, compilations, studies, summaries, and other material
prepared by or for the Employer containing or based, in whole or in part, on any information included in the foregoing. 

“DISABILITY”—as defined in Section 6.2. 

“EFFECTIVE DATE”—the date stated in the first paragraph of the
Agreement. 
 “EMPLOYMENT PERIOD”—the term of the
Executive’s employment under this Agreement. 
 “FISCAL
YEAR”—the Employer’s fiscal year, as it exists on the Effective Date or as changed from time to time. 
 “FOR CAUSE”—as defined in Section 6.3. 
 “PERSON”—any individual, corporation (including any non-profit corporation), general or limited partnership, limited liability company, joint
venture, estate, trust, association, organization, or governmental body. 

“POST-EMPLOYMENT PERIOD”—as defined in
Section 8.2. 
 “PROPRIETARY ITEMS”—as defined in
Section 7.2(a)(iv). 
 “SALARY”—as defined in
Section 3.1(a). 
  

	2.	EMPLOYMENT TERMS AND DUTIES 

  

	 	2.1	EMPLOYMENT 

 The
Employer hereby employs the Employee, and the Employee hereby accepts employment by the Employer, upon the terms and conditions set forth in this Agreement. 
  

	 	2.2	TERM 

 Subject to the provisions of Section 6, the term of the Employee’s employment under this Agreement will be 2 years, beginning on the
1st day of May 2011 and ending on April 30,
2012. The 2nd year of the Agreement is conditioned upon the Employee booking International sales in excess of one million ($1,000,000) dollars, within the 1st year of the Agreement. Upon agreement of the Employer and Employee, the terms of this Agreement may be extended
beyond the initial term until terminated for cause or until terminated as otherwise provided in this Agreement. 

  
 2 

	2.3	DUTIES 

 The
Employee will initially serve as the Special Assistant to Michel Moreno, and may sometimes also be referred to as the “Market Advisor” of the Employer. The Employee will use his best efforts to promote the success of the Employer’s
business, and will cooperate fully with the other employees in the advancement of the best interests of Employer. Employee will expand the business opportunities of the Employer, including, but not limited to, increasing revenues and earnings of the
Employer. Nothing in this Section 2.3, however, will prevent the Employee from engaging in additional activities in connection with personal investments and community affairs that are not inconsistent with Employee’s duties under this
Agreement. 
  

	3.	COMPENSATION 

  

	 	3.1	BASIC COMPENSATION 

 (a) Salary. The Employee will be paid an annual salary of $244,000.00, subject to adjustment as provided below (the “SALARY”), which will be payable
in equal periodic installments according to the Employer’s customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Michel Moreno not less frequently than annually, and may not be adjusted downward.

 (b) Benefits. The Employee will, during the Employment Period, be permitted to participate in the
pension, profit sharing, bonus, life insurance, hospitalization, major medical, and other employee benefit plans of the Employer that may be in effect from time to time, to the extent the Employee is eligible under the terms of those plans
(collectively, the “BENEFITS”). The Employer shall not by reason of this Section 3 be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any employee benefit
program or plan, so long as such actions are similarly applicable to covered employees generally. The Employer will pay 100% of Employee’s group health and disability insurance premiums as maintained by the Employer. 

(c) The Employer may withhold from the Salary, incentive compensation, and any other compensation, benefits, or amounts
payable under this Agreement all federal, state, city, or other taxes as may be required pursuant to any law or governmental regulation or ruling. 
  

	 	3.2	INCENTIVE COMPENSATION 

 (a) The Employee will be entitled to receive 3% to 5%, (percentage to be jointly determined by Employer and Employee), of revenue directly generated from international sales by Employee for the Company.
Gross Revenue as used herein shall be based upon billings made by the Company and compensation predicated thereon shall be paid irrespective of the date of payment to the Company. Employee shall receive compensation upon revenue generated during the
term of this Agreement but billed thereafter. Cash and trade discounts shall not be deducted from the gross selling price. 

  
 3 

 (b) Examination of books-Employee shall have the right personally, or
through an agent, but at his own expense, to examine the books and records of the Company for the purpose of determining the gross revenue. 
  

	4.	FACILITIES AND EXPENSES 

  

	 	4.1	GENERAL 

 The
Employee will work at his preferred location and will be directed by his efforts alone. In accordance with the Employer’s employment policies, Employee will be reimbursed reasonable expenses incurred by the Employee, in appropriate
entertainment activities, and for business promotional expenses. The Employee must file expense reports with respect to such expenses in accordance with the Employer’s policies and approved by Michel Moreno. 

 

	 	4.2	AUTOMOBILE 

 The
Employer will pay the Employee an automobile allowance of $1,300.00 per month. The Employee will own his own automobile, and maintain and insure it at his own expense, for his business use in connection with his employment under this Agreement. The
Employee will at his own expense maintain liability insurance on any automobile used in connection with the Employer’s business, including excess liability (umbrella) insurance coverage in an amount not less than $1,000,000 per occurrence, with
underlying insurance coverage as required by such excess liability insurance policy, and the Employee will furnish proof of such insurance to the Employer as requested by the Employer. The Employee will be solely responsible for all automobile
expenses, except for gas and oil expenses which will, with written proof of such expenses, be reimbursed to the Employee by the Employer. All such oil and gas expenses submitted for reimbursement must be allocated by Employee between Employer, and
any of Employer’s affiliated Employee may be employed by, and Employee will be responsible for all taxes applicable to the reimbursement of these oil and gas expenses. 

 

	5.	VACATIONS AND HOLIDAYS 

 The Employee will be entitled to four (4) weeks’ paid vacation each Fiscal Year to be taken at times selected by him, with the prior notice to the Company’s Members, and in accordance with
the vacation policies of the Employer in effect for its Employee officers from time to time. The Employee will also be entitled to the paid holidays set forth in the Employer’s policies. 

 

	6.	TERMINATION 

  

	 	6.1	EVENTS OF TERMINATION 

 The Employment Period, the Employee’s Basic Compensation, and any and all other rights of the Employee under this Agreement or otherwise as an employee of the Employer will terminate (except as
otherwise provided in this Section 6): 
 (a) upon the death of the Employee; or 

  
 4 

 (b) upon the disability of the Employee (as defined in Section 6.2)
immediately upon notice from either party to the other; 
 (c) for cause (as defined in Section 6.3),
immediately upon notice from the Employer to the Employee, or at such later time as such notice may specify; 

(d) by Employee without cause, immediately upon notice from Employee or at Employee’s later time as such notice may
specify. 
  

	 	6.2	DEFINITION OF DISABILITY 

 For purposes of Section 6.1, the Employee will be deemed to have a “disability” if, for physical or mental reasons, the Employee is unable to perform the essential functions of the
Employee’s duties under this Agreement for 120 consecutive days, or 180 days during any twelve-month period, as determined in accordance with this Section 6.2. The disability of the Employee will be determined by a medical doctor
selected by written agreement of the Employer and the Employee upon the request of either party by notice to the other. If the Employer and the Employee cannot agree on the selection of a medical doctor, each of them will select a medical doctor and
the two medical doctors will select a third medical doctor who will determine whether the Employee has a disability. The determination of the medical doctor selected under this Section 6.2 will be binding on both parties. The Employee must
submit to a reasonable number of examinations by the medical doctor making the determination of disability under this Section 6.2, and the Employee hereby authorizes the disclosure and release to the Employer of such determination and all
supporting medical records. If the Employee is not legally competent, the Employee’s legal guardian or duly authorized attorney-in-fact will act in the Employee’s stead, under this Section 6.2, for the purposes of submitting the
Employee to the examinations, and providing the authorization of disclosure, required under this Section 6.2. 
  

	 	6.3	DEFINITION OF “FOR CAUSE” 

 For purposes of Section 6.1, the phrase “for cause” means: (a) the Employee’s material breach of this Agreement; (b) the Employee’s material failure to adhere to any
written Employer policy; (c) the appropriation (or attempted appropriation) of a material business opportunity of the Employer, including attempting to secure or securing any personal profit in connection with any transaction entered into on
behalf of the Employer; (d) the misappropriation (or attempted misappropriation) of any of the Employer’s funds, property, or opportunity; (e) the conviction of, the indictment for (or its procedural equivalent), or the entering of a
guilty plea or plea of no contest with respect to a felony punishable by imprisonment; (f) Employee’s gross negligence in the performance of the duties and services required of the Employee pursuant to this Agreement that has a material
adverse effect on the Employer or any affiliate; or (g) it is found that a material representation or warranty made by the Employee in this Agreement was untrue at the time such representation or warranty was made. 

 

	 	6.4	TERMINATION PAY 

Effective upon the termination of this Agreement, the Employer will be obligated to pay the Employee (or, in the event of his death, his
designated beneficiary as defined below) only such compensation as is provided in this Section 6.4, and in lieu of all other amounts and in 

  
 5 

 
settlement and complete release of all claims the Employee may have against the Employer. For purposes of this Section 6.4, the Employee’s designated beneficiary will be such individual
beneficiary or trust, located at such address, as the Employee may designate by notice to the Employer. from time to time or, if the Employee fails to give notice to the Employer of such a beneficiary, the Employee’s estate. Notwithstanding the
preceding sentence, the Employer will have no duty, in any circumstances, to attempt to open an estate on behalf of the Employee, to determine whether any beneficiary designated by the Employee is alive or to ascertain the address of any such
beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Employee’s personal representative (or the trustee of a trust established by the Employee) is duly authorized to act in
that capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee. 
 (a)
Termination by the Employer for Cause. If the Employer terminates this Agreement for cause, the Employee will be entitled to receive his Salary only through the date this Agreement is effective. 

(b) Termination upon Disability. If this Agreement is terminated by either party as a result of the Employee’s
disability, as determined under Section 6.2, the Employer will continue to pay the Employee his Salary for the period of two months following this notice of termination less any disability insurance benefits received by Employee under the
disability insurance coverage furnished by Employer. 
 (c) Termination upon Death. If this Agreement is
terminated because of the Employee’s death, the Employee will be entitled to receive his Salary through the end of the calendar month in which his death occurs and one additional month. 

(d) Termination without cause. If this Agreement is terminated because without cause, the Employee will be entitled
to receive his Salary as it becomes due for the remaining term of this Agreement. If the Employee terminates this Agreement, without cause, Employee will be entitled to his Salary only through the date such termination is effective. 

(e) If the Employee terminates this Agreement, Employee will be entitled to his Salary only through the date such
termination is effective. 
 (f) Benefits. The Employee’s accrual of, or participation in plans
providing for, the Benefits will cease at the effective date of the termination of this Agreement, and the Employee will be entitled to accrued Benefits pursuant to such plans only as provided in such plans. Excluding a termination without cause as
provided in Section 6.4(d) and/or a resignation of employment by Employee, the Employee will not receive, as part of his termination pay pursuant to this Section 6, any payment or other compensation for any vacation, holiday, sick leave,
or other leave unused on the date the notice of termination is given under this Agreement. 

  
 6 

	7.	NON-DISCLOSURE COVENANT 

  

	 	7.1	ACKNOWLEDGMENTS BY THE EMPLOYEE 

 The Employee acknowledges that (a) during the Employment Period and as a part of his employment, the Employee will be afforded access to Confidential Information; (b) public disclosure of such
Confidential Information could have an adverse effect on the Employer and its business; (c) because the Employee possesses substantial technical expertise and skill with respect to the Employer’s business; and (d) the provisions of
this Section 7 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information. 
  

	 	7.2	AGREEMENTS OF THE EMPLOYEE 

 In consideration of the compensation and benefits to be paid or provided to the Employee by the Employer under this Agreement, the Employee covenants as follows: 

Confidentiality. 
 (i) During and for 2 years following the Employment Period, the Employee will hold in confidence the Confidential Information and will not disclose it to any person except with the specific prior
written consent of the Employer or except as otherwise expressly permitted by the terms of this Agreement. 

(ii) Any trade secrets of the Employer will be entitled to all of the protections and benefits under the trade secret law
of the States of Louisiana and any other applicable law. If any information that the Employer deems to be a trade secret is found by a court of competent jurisdiction not to be a trade secret for purposes of this Agreement, such information will,
nevertheless, be considered Confidential Information for purposes of this Agreement. The Employee hereby waives any requirement that the Employer submit proof of the economic value of any trade secret or post a bond or other security. 

(iii) None of the foregoing obligations and restrictions applies to any part of the Confidential information that the
Employee demonstrates was or became generally available to the public other than as a result of a disclosure by the Employee. 
 (iv) The Employee will not remove from the Employer’s premises (except to the extent such removal is necessary for purposes of the performance of the Employee’s duties at home or while
traveling, or except as otherwise specifically authorized by the Employer) any document, record, notebook, plan, model, component, device, or computer software or code, whether embodied in a disk or in any other form (collectively, the
“PROPRIETARY ITEMS”). The Employee recognizes that, as between the Employer and the Employee, all of the Proprietary items, whether or not developed by the Employee, are the exclusive
property of the Employer. Upon termination of this Agreement by either party, or upon the request of the Employer during the Employment Period, the Employee will return to the Employer all of the Proprietary items in the Employee’s possession
or subject to the Employee’s control, and the Employee shall not retain any copies, abstracts, sketches, or other physical or electronic embodiment of any of the Proprietary items. 

  
 7 

 (v) All information, ideas, concepts, improvements, discoveries, and
inventions, whether patentable or not, which are conceived, made, developed or acquired by Employee, individually or in conjunction with others, during Employee’s employment by the Employer (whether’ during business hours or otherwise and
whether on the Employer’s premises or otherwise) which relate to the Employer’s business, products or services (including, without limitation, all such information relating to corporate opportunities, research, financial and sales data,
pricing and trading terms, evaluations, opinions, interpretations, acquisition prospects, the identity of customers or their requirements, the identity of key contacts within the customer’s organizations or within the organization of
acquisition prospects, or marketing and merchandising techniques, prospective names, and marks), and all writings or materials of any type embodying any of such items, will be the sole and exclusive property of the Employer. 

 

	 	7.3	DISPUTES OR CONTROVERSIES 

 The Employee recognizes that should a dispute or controversy arising from or relating to this Agreement be submitted for adjudication to any court, arbitration panel, or other third party, the
preservation of the secrecy of Confidential information may be jeopardized. All pleadings, documents, testimony, and records relating to any such adjudication will be maintained in secrecy and will be available for inspection by the Employer, the
Employee, and their respective attorneys and experts, who will agree, in advance and in writing, to receive and maintain all such information in secrecy, except as may be limited by them in writing. 

 

	8.	NON-COMPETITION AND NON-INTERFERENCE 

  

	 	8.1	ACKNOWLEDGMENTS BY THE EMPLOYEE 

 The Employee acknowledges that: (a) the services to be performed by him under this Agreement are of a special, unique, unusual, extraordinary, and intellectual character; (b) the Employer’s
business is regional in scope and its products are marketed throughout the States of Louisiana, Mississippi, Texas and offshore in the Gulf of Mexico; (c) the Employer competes with other businesses that are or could be located in any part of
the States of Louisiana, Mississippi, or Texas and (d) the provisions of this Section 8 are reasonable and necessary to protect the Employer’s business. 
  

	 	8.2	COVENANTS OF THE EMPLOYEE 

 In consideration of the acknowledgments by the Employee, and in consideration of the compensation and benefits to be paid or provided to the Employee by the Employer, the Employee covenants that he will
not, directly or indirectly: 

  
 8 

 (a) during the Employment Period, except in the course of his employment
hereunder, and during the Post-Employment Period, engage or invest in, own, manage, operate, finance, control, or participate in the ownership, management, operation, financing, or control of, be employed by, associated with, or in any manner
connected with, lend the Employee’s name or any similar name to, lend Employee’s credit to or render services or advice to, any business that competes in whole or in part with the business of the Employer anywhere the Employer conducts
business, and specifically within the States of Mississippi, Texas, the parishes of Louisiana described in Exhibit A attached hereto and offshore in the Gulf of Mexico; provided, however, that the Employee may purchase or otherwise acquire up
to (but not more than) five percent of any class of securities of any enterprise (but without otherwise participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange or have been
registered under Section 12(g) of the Securities Exchange Act of 1934; 
 (b) whether for the
Employee’s own account or for the account of any other person, at any time during the Employment Period and the Post-Employment Period, solicit business of the same or similar type being carried on by the Employer, from any person known by the
Employee to be a customer of the Employer, whether or not the Employee had personal contact with such person during and by reason of the Employee’s employment with the Employer; 

(c) whether for the Employee’s own account or the account of any other person (i) at any time during the
Employment Period and the Post-Employment Period, solicit, employ, or otherwise engage as an employee, independent contractor, or otherwise, any person who is or was an employee of the Employer at any time during the Employment Period or in any
manner induce or attempt to induce any employee of the Employer to terminate his employment with the Employer; or (ii) at any time during the Employment Period and the Post-Employment Period interfere with the Employer’s relationship with
any person, including any person who at any time during the Employment Period was an employee, contractor, supplier, or customer of the Employer; or 
 (d) at any time during or after the Employment Period, disparage the Employer or any of its shareholders, directors, officers, employees, or agents. 

For purposes of this Section 8.2, the term “Post-Employment Period” means the two year period beginning on the date of termination of the
Employee’s employment with the Employer. 
 Employee acknowledges and agrees that Employee, while employed by the Employer,
owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interest of the Employer, to do no act which would intentionally injure the Employer’s business, interests, or reputation. In keeping with Employee’s
fiduciary duties owed to the Employer, Employee agrees that Employee will not knowingly become involved in a conflict of interest with the Employer or its affiliates, or upon discovery thereof, allow such a conflict to continue. 

  
 9 

 If any covenant in this Section 8.2 is held to be unreasonable, arbitrary, or against
public policy, such covenant will be considered to be divisible with respect to scope, time, and geographic area, and such lesser scope, time, or geographic area, or all of them, as a court of competent jurisdiction may determine to be reasonable,
not arbitrary, and not against public policy, will be effective, binding, and enforceable against the Employee. Nevertheless, if any of the aforesaid restrictions are found by a court having jurisdiction to be unreasonable or overly broad as to
geographic area or time, or otherwise unenforceable, the parties intend for the restrictions herein set forth to be modified by such courts so as to be reasonable and enforceable and, as so modified to be fully enforced. 

The Employee will, while the covenant under this Section 8.2 is in effect, give notice to the Employer, within ten days after
accepting any other employment, of the identity of the Employee’s employer. The Buyer or the Employer may notify such employer that the Employee is bound by this Agreement and, at the Employer’s election, furnish such employer with a copy
of this Agreement or relevant portions thereof. 
  

	9.	GENERAL PROVISIONS 

  

	 	9.1	INJUNCTIVE RELIEF AND ADDITIONAL REMEDY 

 The Employee acknowledges that the injury that would be suffered by the Employer as a result of a breach of the provisions of this Agreement (including but not limited to any provision of Sections 7
and 8) would be irreparable and that an award of monetary damages to the Employer for such a breach would be an inadequate remedy. Consequently, the Employer will have the right, in addition to any other rights it may have, to obtain injunctive
relief to restrain any breach or threatened breach or otherwise to specifically enforce any provision of this Agreement and the Employer will not be obligated to post bond or other security in seeking such relief. Without limiting the
Employer’s rights under this Section 9 or any other remedies of the Employer, if the Employee breaches any of the provisions of Section 7 or 8, the Employer will have the right to cease making any payments otherwise due to the
Employee under this Agreement. 
  

	 	9.2	COVENANTS OF SECTIONS 7 AND 8 ARE ESSENTIAL AND INDEPENDENT COVENANTS 

The covenants by the Employee in Sections 7 and 8 are essential elements of this Agreement, and without the Employee’s agreement
to comply with such covenants, the Employer would not have entered into this Agreement or employed or continued the employment of the Employee. The Employer and the Employee have independently consulted their respective counsel and have been advised
in all respects concerning the reasonableness and propriety of such covenants, with specific regard to the nature of the business conducted by the Employer. 
 The Employee’s covenants in Sections 7 and 8 are independent covenants and the existence of any claim by the Employee against the Employer under this Agreement or otherwise, or against the
Buyer, will not excuse the Employee’s breach of any covenant in Section 7 or 8. 

  
 10 

 If the Employee’s employment hereunder expires or is terminated, this Agreement will
continue in full force and effect as is necessary or appropriate to enforce the covenants and agreements of the Employee in Sections 7 and 8. 
  

	 	9.3	REPRESENTATIONS AND WARRANTIES BY THE EMPLOYEE 

 The Employee represents and warrants to the Employer that the execution and delivery by the Employee of this Agreement do not, and the performance by the Employee of the Employee’s obligations
hereunder will not, with or without the giving of notice or the passage of time, or both: (a) violate any judgment, writ, injunction, or order of any court, arbitrator, or governmental agency applicable to the Employee; or (b) conflict
with, result in the breach of any provisions of or the termination of, or constitute a default under, any agreement to which the Employee is a party or by which the Employee is or may be bound. 

 

	 	9.4	OBLIGATIONS CONTINGENT ON PERFORMANCE 

 The obligations of the Employer hereunder, including its obligations to pay the compensation provided for herein, are contingent upon the Employee’s performance of all the Employee’s obligations
hereunder. 
  

	 	9.5	WAIVER 

 The rights
and remedies of the parties to this Agreement are cumulative and not alternative. Neither the failure nor any delay by either party in exercising any right, power, or privilege under this Agreement will operate as a waiver of such right, power, or
privilege, and no single or partial exercise of any such right, power, or privilege will preclude any other or further exercise of such right, power, or privilege or the exercise of any other right, power, or privilege. To the maximum extent
permitted by applicable law, (a) no claim or right arising out of this Agreement can be discharged by one party, in whole or in part, by a waiver or renunciation of the claim or right unless in writing signed by the other party; (b) no
waiver that may be given by a party will be applicable except in the specific instance for which it is given; and (c) no notice to or demand on one party will be deemed to be a waiver of any obligation of that party or of the right of the party
giving the notice or demand to take further action without notice or demand as provided in this Agreement. 
  

	 	9.6	BINDING EFFECT; DELEGATION OF DUTIES PROHIBITED 

 This Agreement will inure to the benefit of, and will be binding upon, the parties hereto and their respective successors, assigns, heirs, and legal representatives, including any entity with which the
Employer may merge or consolidate or to which all or substantially all of its assets may be transferred. The duties and covenants of the Employee under this Agreement, being personal, may not be delegated. 

 

	 	9.7	NOTICES 

 All
notices, consents, waivers, and other communications under this Agreement must be in writing and will be deemed to have been duly given when (a) delivered by hand (with written confirmation of receipt), (b) sent by facsimile (with written
confirmation of receipt), 

  
 11 

 
provided that a copy is mailed by registered mail, return receipt requested, or (c) when received by the addressee, if sent by a nationally recognized overnight delivery service (receipt
requested), in each case to the appropriate addresses and facsimile numbers set forth below (or to any other addresses and facsimile numbers as a party may designate by notice to the other parties): 

 

					
		 	If to Employer:	  	 Hub City Industries, L.L.C.

500 Dover Blvd., Suite 100
 Lafayette, LA
70503
  

		 		  	 Attention: Earl Blackwell

 

		 	With a copy to:	  	 Frank S. Slavich, III

Babineaux, Poche, Anthony & Slavich, LLC

1201 Camellia Blvd., Suite 300

Lafayette, LA 70508
  

		 	If to the Employee:	  	 John Egle
 112 East
Peck Blvd.
 Lafayette, LA 70508

 

		 	With a copy to:	  	 Charles Rush, Esq.

202 Magnate Drive
 Lafayette, LA
70508

  

	 	9.8	INDEMNIFICATION OF EMPLOYEE 

 The Employer will defend, indemnify, and hold harmless Employee if Employee is made a party to a proceeding because he is a party to this Agreement against liability incurred in the proceeding, if he:

 (a) conducted himself in good faith; 

(b) Reasonably believed that his conduct was in or at least not opposed to the Company’s best interest; and

 (c) In the case of any criminal proceeding, had no reasonable cause to believe his conduct was unlawful.

  

	 	9.9	ENTIRE AGREEMENT: AMENDMENTS 

 This Agreement contains the entire agreement between the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written, between the parties
hereto with respect to the subject matter hereof. This Agreement may not be amended orally, but only by an agreement in writing signed by the parties this Agreement. 

  
 12 

	 	9.10	GOVERNING LAW 

This Agreement will be governed by the laws of the State of Louisiana without regard to conflicts of laws principles. 

 

	 	9.11	JURISDICTION 

 Any
action or proceeding seeking to enforce any provision of, or based on any right arising out of, this Agreement will be brought against either of the parties in the courts of the State of Louisiana, Parish of Lafayette, or if it has or can acquire
jurisdiction, in the United States District Court for the Western District of Louisiana, and each of the parties consents to the jurisdiction of such courts (and of the appropriate appellate courts) in any such action or proceeding and waives any
objection to venue laid therein. Process in any action or proceeding referred to in the preceding sentence may be served on either party anywhere in the world. 
  

	 	9.12	SECTION HEADINGS, CONSTRUCTION 

 The headings of Sections in this Agreement are provided for convenience only and will not affect its construction or interpretation. All references to “Section” or “Sections” refer to
the corresponding Section or Sections of this Agreement unless otherwise specified. All words used in this Agreement will be construed to be of such gender or number as the circumstances require. Unless otherwise expressly provided, the word
“including” does not limit the preceding words or terms. 
  

	 	9.13	SEVERABILITY 

 If
any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement will remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only
in part or degree will remain in full force and effect to the extent not held invalid or unenforceable. 
  

	 	9.14	COUNTERPARTS 

 This
Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. 

 

	 	9.15	ATTORNEY’S FEES 

 In the event that there is any controversy or claim arising out of or relating to this Agreement, or to the interpretation, breach or enforcement thereof, and any action or proceeding is commenced to
enforce the provisions of this Agreement, the prevailing party shall be entitled to a reasonable attorney’s fee, costs and expenses. 
  

	 	9.16	JOINT DRAFTING 

The parties have participated jointly in negotiating and drafting this Agreement. If a question of interpretation arises, this Agreement
shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement. 

  
 13 

	 	9.17	WAIVE OF JURY TRIAL 

THE PARTIES HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE
CONTEMPLATED TRANSACTIONS, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE. THE PARTIES AGREE THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING,
VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE TRIAL BY JURY AND THAT ANY PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS SHALL INSTEAD BE TRIED IN A COURT OF
COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY. 
  

	 	9.18	TERMINATION OF PRIOR EMPLOYEMENT AGREEMENT 

 This Agreement hereby supersedes and replaces that certain Amended and Restated Employment, Non-Disclosure, and Non-Compete Agreement dated January 15, 2009 (the “Original Agreement”). The
parties acknowledge and agree that the Original Agreement is terminated as of the Effective Date of this Agreement. 
 IN
WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date above first written above. 
  

							
	EMPLOYER:	 		 	HUB CITY INDUSTRIES, L.L.C
				
		 		 	By:	 	/s/ Michel B. Moreno
		 		 	Name:	 	Michel B. Moreno
		 		 	Title:	 	Managing Manger
			
	EMPLOYEE:	 		 	/s/ John M. Egle
		 		 	JOHN M. EGLE

  
 14 

 EXHIBIT A 
 LOUISIANA PARISHES 
  

					
		    	 Acadia
 Allen

Ascension
 Assumption

Avoyelles
 Beauregard

Bienville
 Bossier

Caddo
 Calcasieu

Caldwell
 Cameron

Catahoula
 Claiborne

Concordia
 DeSoto

East Baton Rouge
 East Carroll

East Feliciana
 Evangeline

Franklin
 Grant

Iberia
 Iberville

Jackson
 Jefferson

Jefferson Davis
 Lafayette

Lafourche
 LaSalle

Lincoln
 Livingston
	    	 Madison
 Morehouse

Natchitoches
 Orleans

Ouachita
 Plaquemines

Pointe Coupee
 Rapides

Red River
 Richland

Sabine
 St. Bernard

St. Charles
 St. Helena

St. James
 St. John the
Baptist
 St. Landry

St. Martin
 St. Mary

St. Tammany
 Tangipahoa

Tensas
 Terrebonne

Union
 Vermillion

Vernon
 Washington

Webster
 West Baton Rouge

West Carroll
 West Feliciana

Winn

  
 15

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