Document:

EX-10.1

 Exhibit 10.1 

BASIC LEASE INFORMATION 
 The following
Basic Information is incorporated into and made a part of this lease. Each reference in this lease to any of the Basic Lease Information shall mean the respective information set forth below and shall be construed to incorporate all of the terms
provided under the particular lease paragraph(s) pertaining to such information. In the event of a conflict between any Basic Lease Information and the lease, the lease shall control. 

IDENTIFICATION DATE OF LEASE: 05/11/2021 
  

							
			
	1.    	  	Name of Building: Overlook At Rob Roy                       
 	 	Address: 6836 Bee Caves Road, Austin, TX 78746
			
	2.	  	Owner/Lessor: Overlook At Rob Roy Owner, LLC        	 	Address: 1005 Congress Ave. Suite 150, Austin, TX 78701
		
	3.	  	Suite Number:   III-201            
		
	4.	  	Rentable SF: 2,260
                    Total Bldg. SF: 99,757             
       Pro Rata Share: 2.27%

  

							
	5.	  	    Lessee Name: Savara Inc.                          
                                         
                                         
                                         
                                         
 	  		 	

  

							
		  	  a)   Lessee is ☐ an individual(s), ☐ a
professional limited liability company, ☐ a general partnership, ☐ a limited partnership, ☒ a corporation, ☐ a joint venture, ☐ a professional association, ☐ sole proprietorship.

  

							
	       	  	
b)  Lessee Address for Notice:         
                                         
                                         
                                         
                                         
        

				
		  	
c)  Lessee Contact Person:           
                                         
     
	  	Phone:                                 	  	Fax:                                     
                            
				
		  	
d)  Lessee Taxpayer ID#:           
                                         
       
	  	SS#:                                    
	  	DL#/State:                                    
                   

  

											
	6.    	  	Lease Term: Seventeen (17) full calendar months	  		  	
						
		  	Commencement Date:	  	08/01/2021	  	            Expiration Date:    	  	12/31/2022	  	
		  	Rent Commencement Date:	  	08/01/2021	  	            Expiration Date:	  	12/31/2022	  	
		  	Pass Thru Commencement Date:    	  	N/A	  	            Expiration Date:	  	12/31/2022	  	

  

													
	7.    	  	Base Rent:	  	 Term
	  	 Monthly Rent
	  	 Term Rent
	  	
Annual Rent psf of NRA
	  	                        
		  		  	From 08/01/21 to 12/31/22	  	$6,780.00	  	$115,260.00	  	$36.00	  	

  

	
	Late Charge: 5% of monthly base rent.     Date assessed: Five (5) days after due date.

  

					
	8.    	  	Expense Stop: 2022 Base Year per square foot per year
			
		  	 a)  Estimated Operating Expenses Per Budget
	  	2022 Base Year                    
		  	 b)  Less Expense Stop
	  	2022 Base Year                    
		  	 c)  Estimated Initial Pass-Thru
	  	$     0.00 /sq.ft./year             
		  	 d)  Estimated Monthly Pass-Thru (actual)
	  	$     0.00 /mo                        
		  	 (Subject to annual adjustment for actual expenses)
	  	

  

			
	9.    	  	INTENTIONALLY DELETED

  

					
	10.  	  	Security Deposit:	  	 a)  Amount: $6,780.00

		  		  	 b)  Paid by Cash:     X     Yes
             No

		  		  	 c)  Irrevocable Letter of Credit: $
    N/A             Rec’d:             
Yes              No

		  		  	 d)  Bank Issuing Letter of Credit:
    N/A                                  
                                         
           

		  		  	 e)  Expiration of Letter of Credit:
    N/A                                  
                                         
           

		  		  	 f)   Bank Contact Person:
                 N/A                      
                                         
                       

  

			
	11.  	  	Tenant Finish Out Provisions:
		
		  	
a)          X        
 As Is

		  	 b)      $0.00     /sq. ft. of
net rentable area allowance

		  	 c)      $0.00     total allowance
(actual amount)

		  	 d)  Amount of overage owed by Tenant
$                                        
Payment Schedule:
                                        

		  	 e)  Notes:     See Exhibit
E.                                         
                                         
                                         
                      

		  	
                  
                                         
                                         
                                         
                                         
       

 
  

													
	12.  	  	Special Conditions (Exhibit J)	 		  		 		  	
							
		  	 a)  Current Financials received:
	  	    X    	 	Yes	  	            	 	No	  	
							
		  	 b)  Consumer Report received:
	  	            	 	Yes	  	            	 	No	  	
			
		  	    See Exhibit J.                          
                          	  	

  

			
	13.  	  	Guaranty Information
		
		  	This lease ☐ is or ☒ is not (check one) guaranteed by others. The name and title of each guarantor is shown below a and on the signature page(s) at the end of this lease.

  
 Page 1 of 2 

			
		  	 Lessor
                    

		  	 Lessee
                    

	OVERLOOK BLIF - MASTER	  	
Guarantor                  
   

 Basic Lease Information for Savara Inc. 

 

			
	14.	  	Lessee Signature Requirements
		
		  	Lessee is ☐ an individual(s), ☐ a professional limited liability company, ☐ a general partnership, ☐ a limited partnership, ☐ a joint venture, ☐ an unincorporated association, ☐ a
professional association, ☐ sole proprietorship, or ☒ a corporation (check one).
		
		  	Such partnership, joint venture, unincorporated association, or corporation is organized or chartered under the laws of the State of Texas
                                         
   .
		
		  	Lessee’s name stated at the beginning of this lease ☐ is or ☒ is not an assumed name. If so, has an assumed name certificate name been received? ☐ Yes ☐ No
		
	15.	  	This Basic Lease Information Form is a part of the above described lease.
		
	16.   	  	Signatures:

  

					
	LESSOR	 		 	LESSEE
			
	OVERLOOK AT ROB ROY OWNER (DELAWARE), LLC	 		 	 SAVARA INC.

	Printed name of company or firm	 		 	Printed name of company or firm
			
	 Joel Sher
	 		 	 Dave Lowrance

	Printed name of person signing	 		 	Printed name of person signing
			
	 /s/ Joel Sher
	 		 	 /s/ Dave Lowrance

	Authorized Person’s Signature	 		 	Authorized Person’s Signature
			
	 AUTHORIZED PERSON
	 		 	 CFO

	Title of person signing	 		 	Title of person signing
			
	 6/3/2021
	 		 	 6/3/2021

	Date signed (must be filled in)	 		 	Date signed (must be filled in)

  
 Page 2 of 2 

			
		  	 Lessor
                    

		  	 Lessee
                    

	OVERLOOK BLIF - MASTER	  	
Guarantor                  
   

 INDEX TO OFFICE LEASE 

OVERLOOK AT ROB ROY OWNER (DELAWARE), LLC
(Lessor) and 
 SAVARA INC. (Lessee) 
  

							
	SECTION	 	TITLE	 	Lease Page	 
	 1.1
	 	 The Leased Premises
	 	 	3	 
	 1.2
	 	 Use
	 	 	3	 
	 1.3
	 	 Reserved
	 	 	3	 
	 1.4
	 	 Rentable Area
	 	 	3	 
	 2.1
	 	 Base Rent and Additional Rents
	 	 	3	 
	 3.1
	 	 Date and Place of Payment
	 	 	4	 
	 3.2
	 	 Late Payments
	 	 	4	 
	 3.3
	 	 Security Deposit
	 	 	4	 
	 4.1
	 	 Term, Possession, and Anniversary
	 	 	4	 
	 5.1
	 	 Tenant Finish-Out
	 	 	5	 
	 6.1
	 	 Quiet Possession
	 	 	5	 
	 7.1
	 	 Utilities and Services by Lessor
	 	 	5	 
	 7.2
	 	 Utilities and Services by Lessee
	 	 	5	 
	 7.3
	 	 Interruption of Utilities or Services
	 	 	6	 
	 7.4
	 	 Extra Electricity
	 	 	6	 
	 7.5
	 	 Extra Heating or Air Conditioning
	 	 	6	 
	 8.1
	 	 Maintenance and Repairs by Lessor
	 	 	6	 
	 8.2
	 	 Maintenance and Repairs by Lessee
	 	 	6	 
	 8.3
	 	 Telecommunications
	 	 	6	 
	 9.1
	 	 Access, Keys, Locks, and Security
	 	 	7	 
	 9.2
	 	 Parking
	 	 	7	 
	 10.1
	 	 Occupancy, Nuisance, and Hazards
	 	 	7	 
	 11.1
	 	 Taxes
	 	 	8	 
	 12.1
	 	 Insurance
	 	 	8	 
	 12.2
	 	 Waiver of Subrogation
	 	 	9	 
	 12.3
	 	 Hold Harmless
	 	 	9	 
	 13.1
	 	 Alterations by Lessee
	 	 	9	 
	 13.2
	 	 Americans With Disabilities Act
	 	 	9	 
	 14.1
	 	 Removal of Property by Lessee
	 	 	10	 
	 15.1
	 	 Subletting and Assignment
	 	 	10	 
	 16.1
	 	 Destruction by Fire or Other Casualty
	 	 	10	 
	 17.1
	 	 Condemnation
	 	 	11	 
	 18.1
	 	 Default by Lessor
	 	 	11	 
	 19.1
	 	 Default by Lessee
	 	 	11	 
	 20.1
	 	 Lien for Rent
	 	 	13	 
	 21.1
	 	 Attorney’s Fees, Interest, and Other Expenses
	 	 	13	 
	 22.1
	 	 Non-Waiver
	 	 	14	 
	 23.1
	 	 Building Rules
	 	 	14	 
	 24.1
	 	 Transfer of Ownership by Lessor
	 	 	14	 
	 25.1
	 	 Mortgages
	 	 	14	 
	 26.1
	 	 Surrender of Premises
	 	 	14	 
	 27.1
	 	 Holding Over
	 	 	14	 
	 28.1
	 	 Signs and Building Name
	 	 	15	 
	 28.2
	 	 Relocation of Lessee
	 	 	15	 
	 29.1
	 	 Notices
	 	 	15	 
	 30.1
	 	 Estoppel Certificates
	 	 	15	 
	 31.1
	 	 Successors
	 	 	16	 
	 31.2
	 	 Leasing Agent Commissions
	 	 	16	 

  
 Page 1 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

							
	 32.1
	 	 Building Operating Expense
	 	 	16	 
	 33.1
	 	 Representations and Warranties by Lessor
	 	 	16	 
	 34.1
	 	 Representations and Warranties by Lessee
	 	 	16	 
	 35.1
	 	 Place of Performance
	 	 	16	 
	 36.1
	 	 Miscellaneous
	 	 	16	 
	 37.1
	 	 Special Conditions
	 	 	17	 
	 38.1
	 	 Exhibit List
	 	 	17	 
	 39.1
	 	 Lease Dates and Authority to Sign
	 	 	18	 
	 EXHIBIT A:
	 	 FLOOR PLAN OF LESSEE’S OFFICE SPACE
	 	 	17	 
	 EXHIBIT B:
	 	 LEGAL DESCRIPTION OF OFFICE BUILDING
	 	 	17	 
	 EXHIBIT C:
	 	 BUILDING OPERATING EXPENSE PASSTHROUGH CALCULATIONS
	 	 	17	 
	 EXHIBIT D:
	 	 ACKNOWLEDGMENT OF LEASE
	 	 	17	 
	 EXHIBIT E:
	 	 CONSTRUCTION BY LESSOR
	 	 	17	 
	 EXHIBIT F-1:
	 	 OFFICE BUILDING PARKING RULES
	 	 	17	 
	 EXHIBIT F-2:
	 	 OFFICE BUILDING RULES
	 	 	17	 
	 EXHIBIT G:
	 	 ESTOPPEL CERTIFICATE
	 	 	17	 
	 EXHIBIT H:
	 	 OFFICE LEASE GUARANTY
	 	 	17	 
	 EXHIBIT I:
	 	 CERTIFICATE OF CORPORATE RESOLUTION AUTHORIZING LEASE OR GUARANTY
	 	 	17	 
	 EXHIBIT J:
	 	 SPECIAL CONDITIONS
	 	 	17	 
	 EXHIBIT K:
	 	 HAZARDOUS MATERIALS
	 	 	17	 
	 EXHIBIT L:
	 	 ACKNOWLEDGEMENT OF RECEIPT OF AGENCY DISCLOSURE
	 	 	17	 

  
 Page 2 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

 OFFICE LEASE 

This is a Lease Agreement made and entered into between Lessor Name Specified in Basic Lease Information #2, as “Lessor”, and
Lessee Name Specified in Basic Lease Information #5, as “Lessee”, whether one or more. 
  

	1.1	 The Leased Premises 

Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor the “Leased Premises” which consists of “Lessee’s Office Space”
and “Common Areas” as defined below. 
 (a)    Lessee’s Office Space. “Lessee’s Office Space”, to
which Lessee shall have exclusive use rights, consists of suite(s) Specified in Basic Lease Information #3, representing the office space outlined and shaded on the floor plan contained in Exhibit A. Such space is located in the
building on a tract of land, legally described by lot and block or metes and bounds in Exhibit B. The street address of the building is Specified in Basic Lease Information #1. 

(b)    Common Areas. The “common area”, to which Lessee shall have non-exclusive
use rights, consists of (1) the interior common area located in the above described building, i.e., areas normally accessible to tenants such as the hallways, stairwells, elevators, lobby, restrooms, and snack bar areas, and (2) the
exterior common area located outside the building on the above described land, i.e., loading areas, sidewalks, driveways, parking garage, parking areas, and other open areas (if any), subject to paragraph 9.2 on parking. 

 

	1.2    Use	 

Lessee’s office space may be used only for general office purposes. The name of Lessee’s business is Specified in Basic Lease Information
#5. 
  

	1.3	 Reserved 

  

	1.4	 Rentable Area 

Lessee’s approximate “rentable area” is Specified in Basic Lease Information #4. It consists of Lessee’s usable area plus
it’s proportionate share of building common areas which are defined as all corridors, restrooms, snack bars, building equipment rooms, telephone closets, janitor closets, enclosed lobby, entrance areas, and other public areas in the building,
excluding elevator shafts, stairwells, vertical chases, and enclosed parking areas. 
  

	2.1	 Base Rent and Additional Rents 

Lessee shall pay to Lessor a “base rent” Specified in Basic Lease Information #7 per calendar year, which amounts to the sum(s)
Specified in Basic Lease Information #7 per calendar month. Such base rent is equivalent to the sums Specified in Basic Lease Information #7 per square foot per year for Lessee’s rentable area. The base rent is
subject to adjustment as provided in paragraph 32.1. Additional rent (representing Lessee’s prorata share of building operating expenses over the expense stop Specified in Basic Lease Information #8 shall be paid in
accordance with paragraph 32.1. Building operating expenses up to such expense stop amount shall be paid by Lessor. 

  
 Page 3 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

	3.1	 Date and Place of Payment 

The monthly rent and one-twelfth of Lessee’s share of estimated building operating expenses under paragraph
32.1 shall be due on the first day of each calendar month without demand. Partial months shall be prorated. All rent and other sums are due in the county where the building is located at the address designated by Lessor from time to time. All
sums due by Lessee are without right of setoff or deduction. Monies mailed are considered timely paid only if received by Lessor by the due date; however rents postmarked one or more days before due date and received after the due date
shall be considered as timely received by Lessor. Rent and late payment charges shall be paid without notice or demand. All other sums shall be due upon delivery of written notice in accordance with paragraph 29.1. 

 

	3.2	 Late Payments 

If any rent payment or other sum due by Lessee to Lessor is received and accepted by Lessor later than five (5) days after its due date, Lessee shall pay
a late charge of 5% of such rent payment or other sum plus 1% thereof for each day thereafter (for up to 15 days) until such rent or other sum is paid. Late charges shall be considered liquidated damages for Lessor’s time, inconvenience, and
overhead (except for attorney’s fees and litigation costs) in collecting rent. Lessor’s acceptance of late rent or other sum shall not constitute permission for Lessee to pay the rent or other sum late thereafter and shall not constitute a
waiver of Lessor’s remedies for subsequent late payments. Late payment charges are due immediately upon notice or demand. All payments shall be by check or money order on a local bank not cash. For each returned check, Lessee shall pay all
applicable bank charges incurred by Lessor plus $50.00. Payments of any kind received by Lessor on behalf of Lessee may be applied at Lessor’s option to nonrent items first, then to rent. Payment of rent by Lessee shall be an independent
covenant. If Lessee has not timely paid rentals and other sums due on two or more occasions, or if a check from Lessee is returned for insufficient funds or no account, Lessor may for the next 12 months require that all rent and other sums due be
paid by cashier’s check, certified check, or money order, without prior notice. 
  

	3.3	 Security Deposit 

At the time of execution of this lease, Lessee shall deposit with Lessor cash in the sum Specified in Basic Lease Information #10 to secure
performance of Lessee’s obligations under this lease. Lessor shall have a lien on the security deposit for that purpose. If Lessee fails to pay rent or other sums when due under this lease, Lessor may apply any cash security deposit
toward amounts due and unpaid by Lessee. In lieu of a cash security deposit, Lessee may furnish Lessor at time of execution of this lease an irrevocable unconditional letter of credit in a form acceptable to Lessor in the sum Specified in
Basic Lease Information #10-c on a financial institution in Austin, Texas, expiring no sooner than thirty days after the lease expiration date. Lessor may draw against such letter of credit by a
certificate stating that the Lessee is in default under this lease. Any amounts drawn under the letter of credit shall serve as a cash security deposit and may be applied to amounts due and unpaid by Lessee. If the letter of credit expires on a
date that is prior to 30 days after the lease expiration date and the letter of credit is not renewed or extended 30 days before the letter of credit expiration date, Lessor may by a certificate draw down the entire amount to serve as a cash
security deposit. Lessee shall immediately restore the security deposit (whether deposited as cash or as a letter of credit) to its original amount after any portion of it is applied to amounts due and unpaid by Lessee. 

 

	4.1	 Term, Possession, and Anniversary 

The initial lease term shall be for the number of full calendar months from commencement date, plus the remainder of the last month. The commencement date of
this lease shall be August 1, 2021. 

  
 Page 4 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

	5.1	 Tenant Finish-Out 

(Check one): 
  

	 	☒	 (a) Lessor shall provide no tenant finish-out or
improvements since Lessee has taken Lessee’s office space “as is”. 

  

	 	☐	 (b) Lessor shall perform any special construction described in Exhibit E. Costs of tenant finish-out or special construction shall be paid for pursuant to such exhibit. 

  

	6.1	 Quiet Possession 

If Lessee is current and in compliance with all of Lessee’s obligations under this lease, Lessee shall be entitled to peaceful and quiet possession and
enjoyment of Lessee’s office space, subject to the terms and conditions of this lease. Lessee shall have access to the building parking garage, if applicable and common parking areas at all times, subject to parking fees and the rules referred
to in paragraphs 9.2 and 23.1. Lessor shall make diligent efforts to have all other tenants in the building comply with building rules. Otherwise, failure of other tenants to comply with such rules shall not be considered a default by Lessor.
Construction noise or vibrations shall not be considered a default by Lessor. 
  

	7.1	 Utilities and Services by Lessor 

Except where otherwise stated in this lease, Lessor shall pay for and furnish in a timely and diligent manner to Lessee the following utilities (subject to
Lessee being required to pay for same directly to the utility provider) and services and no others, subject to paragraph 32.1 regarding Lessee’s payment of Lessee’s prorata share of building operating expenses. 

 

	(a)	 air conditioning and heating as reasonably required for comfortable use and occupancy under normal office
conditions from 7:00 a.m. to 6:00 p.m. on Monday through Friday, and from 10:00 a.m. to 5:00 p.m. on Saturday, Sunday, but not on New Year’s Day, Memorial Day, July 4th, Labor Day, Thanksgiving or Christmas so long as these times and
dates comply with present and future governmental laws or guidelines, including utilities such as electricity, gas, and water necessary for operation of same; 

 

	(b)	 water and wastewater services; 

 

	(c)	 janitorial and cleaning services 5 days per week; 

 

	(d)	 electrical current for areas of the building and common facilities which are not served by Lessee’s
individual electric meters or submeters for Lessee’s office space; 

  

	(e)	 trash collection services (dumpster)); 

 

	(f)	 pest control services as needed in the reasonable judgment of Lessor; 

 

	(g)	 landscaping and parking lot maintenance services; 

 

	(h)	 repair and maintenance services pursuant to paragraph 8.1; 

 

	(i)	 replacement of fluorescent light bulbs and ballasts in building standard lighting fixtures (but not
incandescent light bulbs for nonstandard fixtures or for Lessee’s lamps); and 

  

	(j)	 elevator service, if there is an elevator in the building. 

 

	7.2	 Utilities and Services by Lessee 

If applicable, Lessee shall pay for all utilities and services not expressly furnished by Lessor under paragraph 7.1. Lessee shall pay for all electricity
consumed through any individual electrical meter(s) or submeter(s) serving Lessee’s office space. Costs of such utilities are not considered building operating expenses to be allocated among all tenants under paragraph 32.1. Service through
individual electrical meters which exclusively serve Lessee’s office space shall be in the name of Lessee. Lessor reserves the right to submeter electricity and/or water. Any electricity or water submetering shall be billed to and paid by
Lessee at Lessor’s average cost per KWH or gallon, and no more. If the water bill from the utility company includes wastewater charges, Lessee’s liability for water submetering shall include corresponding wastewater costs (if any). 

  
 Page 5 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

	7.3	 Interruption of Utilities or Services 

Temporary interruption or malfunction of utilities, services, and/or telephones shall not render Lessor liable for damages, rent abatements, or release of any
Lessee obligation, provided such temporary interruption is under the direct control of Lessor and does not exceed 7 continuous business days. Lessor shall use diligent efforts to have such utilities and services restored as soon as reasonably
possible. 
  

	7.4	 Extra Electricity 

There shall be no extra electricity charges for typewriters, facsimile machines, word processors, dictating equipment, adding machines, desk top calculators,
lamps, or other standard 110 volt office equipment. However, Lessee shall pay Lessor monthly, as billed, for charges which are separately metered or which Lessor may reasonably compute for electricity utilized by Lessee for the following purposes: x-ray machines, hotplates, electric heaters, 220 volt equipment, computers (other than desktop or word processor computers), or other electrical service not standard for the building. 

 

	7.5	 Extra Heating or Air Conditioning 

If Lessee requests air conditioning or heating after the hours as set forth in paragraph 7.1(a), Lessor may charge Lessee the extra hourly fee for after-hour
air conditioning or heating charged to other tenants in the building.  
  

	8.1	 Maintenance and Repairs by Lessor 

Lessor shall repair and/or replace, as needed, the following items as a building expense under paragraph 32.1, so long as they are building standard items:
light bulbs, ballasts, and fixtures; plumbing; hardware; doors; and wall and window coverings. Lessor shall use diligence to provide for the reasonable cleaning, maintenance, repair, reconnection of interrupted utilities or services, and landscaping
of common areas, subject to any reimbursement obligations of Lessee under paragraph 8.2. Lessor may rekey at any time. Lessor may temporarily close any part of the common facilities if reasonably necessary for repairs or construction. Repairs and
maintenance shall be in accordance with applicable governmental requirements. 
  

	8.2	 Maintenance and Repairs by Lessee 

Lessee shall promptly reimburse Lessor for the cost of repairing or replacing appliances, non-building standard items
and the cost of repairing or replacing damage beyond ordinary wear and tear which is caused inside Lessee’s office space by Lessee, Lessee’s agents, employees, family, or licensees, invitees, visitors, or customers or outside Lessee’s
office space by Lessee or Lessee’s employee’s, agents, or contractors. Cost of repair shall include 5% for supervision fee. Lessor may require advance payment therefor prior to repair or replacement. Lessor shall have right of approval of
all repairmen or maintenance personnel. Lessee shall not damage or allow other persons listed above to damage any portion of the leased premises, ordinary wear and tear excepted. Lessee shall pay for replacement of all
non-building standard light bulbs and for unstopping any drains or water closets in Lessee’s office space. If Lessee or Lessee’s workmen or contractors are permitted to repair, alter, or modify
Lessee’s office space, Lessee shall warrant that no mechanic or materialman’s lien shall be filed against the leased premises and that all such contractors shall provide evidence of liability insurance as required by Lessor. All such work
shall be in accordance with applicable governmental requirements. 
  

	8.3	 Telecommunications 

All telecommunications equipment necessary to serve Lessee shall be located in Lessee’s office space and paid for by Lessee, or, at Lessor’s option
and at Lessee’s expense, in a lockable enclosure in a common area location designated by Lessor. Lessee will be required to remove all telecommunications equipment and voice/data cabling from the Leased Premises upon expiration of Lease or
Lessor may deduct costs to remove it from the Security Deposit. Lessee may be allowed to leave equipment and cabling in Leased Premises if written approval from Lessor is obtained prior to expiration of the Lease. Lessee may not require Lessor to
install or allow others to install telecommunication lines or equipment elsewhere in the building. Lessee expressly waives any rights to require same under any circumstances. 

  
 Page 6 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

	9.1	 Access, Keys, Locks, and Security 

(a)    Access. Lessee shall have access to Lessee’s office space at all times. Lessor shall have access to Lessee’s office
space at reasonable times for reasonable business purposes upon prior notice to Lessee except notice shall not be necessary in the event of an emergency threatening life or property or the lawful exercise of Lessor’s remedies in case of default
by Lessee. Lessor may show Lessee’s office space ninety (90) days before the lease expiration date or the date Lessee gives Lessor notice to vacate, whichever is earlier, at reasonable times upon prior notice. 

(b)    Keys. Lessor shall furnish Lessee up to two (2) keys or access codes or cards for Lessee’s office space, up to
four (4) keys or access codes or cards for the main exterior entry doors of the building if such door is locked after hours, and one (1) keys or access codes or cards to Lessee’s mailbox in the building. An initial deposit of $10.00
may be charged for each mailbox key and office key, or access card. Additional or replacement keys or access codes or cards shall be furnished at the same cost charged to all other tenants in the building at the time of Lessee’s request. Lessor
shall not be liable for risk of loss resulting from Lessee’s keys, access codes, or cards being stolen, lost or used by unauthorized persons. Lessor reserves the right to rekey or change locks for security reasons if new keys are timely
furnished to Lessee. 
 (c)    Locks. Lessee may not add locks, change locks, or rekey locks without written permission of
Lessor. Locks may be changed at Lessee’s request and expense. If locks to the office space are changed, Lessor may specify kind and brand of locks, placement, installation, master key compatibility, etc. If Lessee or any of Lessee’s
employees lock themselves out of Lessee’s suite, said person must call a fellow-employee to gain access. 
 (d)    Security.
Lessor shall have no duty to provide any security services of any kind unless expressly provided in this lease. Lessor shall not be liable to Lessee or Lessee’s employees, family, customers, invitees, contractors, or agents for injury,
damage, or loss to person or property caused by criminal conduct of other persons, including theft, burglary, assault, vandalism or other crimes. Lessee shall lock its office space doors when the last person leaves such office space for the day.

  

	9.2	 Parking 

(a)    Lessor shall have sole control over the parking of all vehicles (including but not limited to cars, trucks, recreational vehicles,
trailers, bicycles, and motorcycles) and shall designate parking areas and building service areas. Parking rules are contained in attached Exhibit F-1. 

If vehicles are parked in violation of Lessor parking rules or in violation of state statutes, Lessor may exercise vehicle removal remedies under Article 6701g-2 of the Texas Civil Statutes upon compliance with statutory notice. There shall be no reserved parking spaces unless agreed in writing by Lessor. 

(b) Lessor shall have sole control over the parking of all vehicles (including but not limited to cars, trucks, recreational vehicles, trailers, bicycles and
motor cycles) and shall designate parking areas and building service areas. Parking rules are contained in attached Exhibit F-1. 

(c) Lessee shall be entitled to parking spaces as specified in Basic Lease Summary #9. In the event the use of parking facilities by Lessee’s employees,
visitors, customers and invitees at any time exceeds their allocation, Lessor shall have the right to require Lessee to make alternate parking provisions off-site, at Lessee’s sole cost and expense, for
all of such excess parking. Lessee’s failure to comply with the provisions of this paragraph will constitute a Lessee default under this Lease, provided however that Lessor shall not be required to give Lessee written notice or the opportunity
to cure violations of this paragraph more than three (3) times during the term of this Lease. 
  

	10.1	 Occupancy, Nuisance, and Hazards 

Lessee’s office space shall be occupied only by Lessee or Lessee’s employees and shall not be left entirely vacant or used exclusively for storage.
Lessee and Lessee’s agents, employees, family, licensees, invitees, visitors, and contractors shall comply with all federal, state, and local laws relating to occupancy or to criminal conduct while such persons are on the leased premises.
Lessee and the persons listed above shall 

  
 Page 7 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

 
not (1) use, occupy, or permit the use or occupancy of the leased premises for any purpose which is directly or indirectly forbidden by such laws or which may be dangerous to life or
property, (2) permit any public or private nuisance, (3) disturb the quiet enjoyment of other tenants, (4) do anything which might emit offensive odors or fumes, (5) make undue noise or vibrations, (6) permit anything which
would cancel insurance coverage or increase the insurance rate on the building or contents, or (7) otherwise damage the leased premises. 
  

	11.1	 Taxes 

Lessor shall be responsible for payment of all taxes and assessments against the building subject to Lessee’s obligation to pay Lessor for Lessee’s
share thereof, on a prorata square foot basis, as additional rent pursuant to paragraph 32.1. Lessee shall timely pay all taxes assessed against Lessee’s furniture, equipment, fixtures, or other personal property in Lessee’s office space.
LESSEE HEREBY WAIVES ALL RIGHTS TO PROTEST THE APPRAISED VALUE OF THE PROJECT OR TO APPEAL THE SAME AND ALL RIGHTS TO RECEIVE NOTICES OF REAPPRAISALS AS SET FORTH IN SECTIONS 41.413 AND 42.015 OF THE TEXAS TAX CODE. 

 

	12.1	 Insurance 

Lessor and Lessee shall comply with the respective insurance obligations as set forth below: 

(a)    Lessor. Lessor shall maintain (1) fire and extended coverage insurance, including vandalism and malicious mischief, on
the office building, and (2) comprehensive general liability insurance. The amounts shall be as required by Lessor’s mortgagee or as Lessor may deem reasonably appropriate, whichever is greater. Lessor shall have no responsibility to
maintain fire and extended coverage insurance on Lessee’s contents. The portion of Lessor’s insurance premiums reasonably due to Lessee’s acts or omissions or Lessee’s special use, improvements, or tenant finish-out (over and above Lessee’s normal use as contemplated in paragraph 1.1(a)) shall be paid for by Lessee. 

(b)    Lessee. Lessee shall provide Lessee’s own public liability insurance for its operations on the leased premises in an
amount equal to the minimum “primary coverage” amount required by Lessor’s insurance carrier as a condition for purchasing umbrella liability insurance by Lessor. In no event shall such coverage be less than $2,000,000. Upon written
notice by Lessor to Lessee, such dollar amount of Lessee’s liability policy shall be increased by the amount of any increase required by Lessee’s carrier for “primary coverage” under an umbrella liability policy. Lessee is
encouraged to maintain fire and extended coverage insurance (including theft, vandalism and malicious mischief) on the contents in Lessee’s office space, including fixtures, furniture, equipment, supplies, inventory, and other personal
property. Such property is not covered by Lessor’s insurance. Lessor reserves the right to, from time to time during the Term, require additional or different coverage types or amounts if it becomes standard practice for buildings of comparable
size and in a similar geographic submarket as the Building or if required by Lessor’s mortgagee. In the event Lessee fails to maintain and pay for any of the insurance required under this Section 12.1(b), Lessor may (but without any
obligation to do so) upon two (2) business days’ notice to Lessee, procure such insurance and pay the premiums therefor, in which event Lessee shall repay Lessor, as additional rent, all sums so paid by Lessor within thirty (30) days
following Lessor’s written demand therefor. 
 (c)    Insurance certificates. Lessee shall provide Lessor with a certificate
of Lessee’s insurance or a copy thereof as required above within 7 days after Lessee initially occupies Lessee’s office space or any portion thereof. Lessor and Lessor’s managing agent (if any) shall be named as additional insureds on
Lessee’s liability insurance policy. Upon written request by Lessor, changes in the name of Lessor or Lessor’s managing agent shall be reflected on such certificate. 

(d)    Notice from Lessee’s Insurance Carrier. All policies of insurance to be provided by Lessee shall contain a provision
(to the extent legally permitted) that the insurance company shall give Lessor 10 days’ written notice to Lessor, in advance of (1) any cancellation or non-renewal of the policy, (2) any
reduction in the policy amount, and (3) any deletion of additional insureds. 

  
 Page 8 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

	12.2	 Waiver of Subrogation 

If waiver of subrogation is not contained in the form language of the insurance policy, Lessor and Lessee may require that the other party’s fire,
casualty, or liability insurance policy contain a waiver of subrogation clause. FOR PURPOSES OF WAIVER OF SUBROGATION, LESSOR AND LESSEE RELEASE EACH OTHER AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS FROM ANY CLAIMS BASED ON
NEGLIGENCE OR OTHERWISE, FOR LOSS, DAMAGE, OR INJURY WHICH OCCUR HEREAFTER AND ARE INSURED AGAINST UNDER INSURANCE POLICIES CARRIED BY LESSOR AND/OR LESSEE. The foregoing shall not apply to losses, damages, or injuries that are in excess of policy
limits or that are not covered due to a deductible clause in the policy. 
 (b)    Upon written request, Lessor and Lessee shall furnish
to each other copies of the policies of insurance referred to in this lease, including any waivers of subrogation, or satisfactory evidence of same. 
  

	12.3	 Hold Harmless 

Lessee shall indemnify, defend and hold harmless Lessor, its agents, owners, mortgagees, and employees (the “Lessor Parties”) for and shall hold
Lessor harmless from all fines, claims, liabilities, and suits (including costs and expenses of defending against same) resulting from any breach or nonperformance of the lease by Lessee or Lessee’s agents, employees, family, licensees, or
invitees. Further, notwithstanding anything to the contrary in this lease, any liability of Lessor under this Lease shall be limited solely to its interest in the Project Building and the proceeds therefrom, and in no event shall any personal
liability be asserted against any Lessor Party in connection with this Lease nor shall any recourse be had to any other property of any Lessor Party. Lessee hereby waives any consequential damages, compensation or claims for inconvenience or loss of
business, rents, or profits, whether or not caused by the willful and wrongful acts of Lessor or any of the Lessor Parties. 
  

	13.1	 Alterations by Lessee 

Except for Minor Alterations (as defined below), Lessee may not make any alterations, improvements, doorlock changes, or other modifications of any kind to the
leased premises without Lessor’s written consent, which consent shall not be unreasonably withheld or delayed. Consent for governmentally required changes may not be unreasonably withheld, conditioned or delayed. “Alterations” include
but are not limited to improvements glued, screwed, nailed, or otherwise permanently attached to the building, structural changes, roof and wall penetrations, and all plumbing, electrical, and HVAC changes. Requests for Lessor’s approval shall
be in writing and shall be detailed to Lessor’s reasonable satisfaction. The foregoing shall be done only by Lessor’s contractors or employees or by third parties approved by Lessor in writing. Lessee shall pay in advance for any requested
alterations, improvements, lock changes, or other modifications which are approved and performed by Lessor. If same are performed by Lessee with Lessor’s permission, Lessee shall not allow any liens to be placed against the buildings as a
result of such additions or alterations. Alterations, improvements, and modifications done at Lessee’s request shall comply with all applicable laws. Changes in Lessee’s alterations or improvements in Lessee’s space which may be later
required by governmental action shall also be paid for by Lessee. “Minor Alternations” means cosmetic and non-structural Alterations typical in space used for commercial office purposes to the
Lessee’s Office Space such as the hanging of pictures, marker boards, cork boards, signage, and electronic equipment. 
  

	13.2	 Americans With Disabilities Act 

Lessor shall be responsible for any requirements under the Americans with Disabilities Act or similar state or local laws as relate to any common area entrance
and exit doorways and elevators and any doors into Lessee’s office space and to structural building items that Lessor is required to maintain under the terms of this lease. Lessee agrees to cooperate fully with Lessor to enable Lessor to timely
comply with the provisions of this paragraph and to immediately forward to Lessor any notice Lessee receives regarding complaints, injuries, or claims by anyone claiming that those items which are the responsibility of Lessor do not comply with the
provisions of the Americans with Disabilities Act. Lessee shall be responsible for any requirements under such architectural barrier laws as they relate to Lessee’s use of the Lessee’s office space, including, but not limited to, the
positioning of Lessee’s furnishings within the office space. Lessee agrees to indemnify Lessor for any liability Lessor shall incur as a result of Lessee’s failure to comply with the provisions of this paragraph. In addition to the
provisions of this Section 13.2, Lessee shall be responsible for compliance with the Texas Architecture Barriers Act, Art. 9102 Tex.Civ.Stat.Ann. (1994) and regulations and guidelines promulgated thereunder, as all of the same may be
amended or supplemented from time to time, in the Leased Premises. 

  
 Page 9 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

	14.1	 Removal of Property by Lessee 

Lessee may remove its trade fixtures, furniture, and equipment only if (1) such removal is made prior to the end of the Lease Term and may be accomplished
without damage of any kind to the Leased Premises or the Building, (2) Lessee is not in default under this lease at time of removal, and (3) such removal is not in anticipation of an early moveout prior to the end of the lease term in
violation of Section 19.1. Lessee shall pay all costs of removal. Lessee shall have no rights to property remaining on the leased premises after moveout. Lessee may not remove any Alterations as defined in paragraph 13.1 or improvements such as
wall-to-wall carpeting, book shelves, window coverings, drapes, cabinets, paneling, counters, kitchen or breakroom built-ins,
shelving, wall covering, and anything else attached to the floor, walls, or ceilings, other than Minor Alterations added by Lessee. If Lessor requests in writing, Lessee shall, immediately prior to moving out, remove any alterations, fixtures,
equipment, and other property installed by Lessee. Lessee shall pay for cleaning or repairing damage caused by Lessee’s removal of any property. 
  

	15.1	 Subletting and Assignment 

Lessee may not sublet, assign, pledge, or mortgage this lease and may not grant licenses, commissions, or other rights of occupancy to all or any part of the
leased premises without Lessor’s prior written approval which shall not be unreasonably withheld or delayed. Sublessee’s financial strength, reputation, personnel, and length of sublease or assignment shall be important factors in
Lessor’s approval. However, if Lessor gives such approval, Lessor shall be entitled to, after deduction of Lessee’s expenses, (1) 50% of any excess between Lessee’s rental per square foot under the lease and the rental per square foot
under the sublease or assignment, and (2) 50% of any other consideration flowing directly or indirectly from the sublessee or assignee to Lessee or Lessee’s agents. The foregoing is in consideration of additional management performed or to be
performed by Lessor under such sublease or assignment. In addition to the foregoing, Lessor may charge Lessee a one-time fee equal to one month’s lease rental for such additional administrative,
investigative, and management services. Violation of this lease by sublessees or assignees shall be deemed a violation by Lessee. Approval by Lessor of any sublease or assignment shall not release Lessee from any obligation under this lease and
shall not constitute approval for subsequent subletting or assignment. Sublessees or assignees shall be liable for all of Lessee’s obligations under this lease unless otherwise specified in writing. Upon default by Lessee, any Sublessee shall
pay all sublease rentals and other sums due Lessor, direct to Lessor, to be credited against sums owed to Lessor by Lessee under this lease. Unless otherwise agreed in writing, no sublease or assignment shall be valid unless (1) a copy of this
lease is attached thereto, (2) the sublessee or assignee agrees in writing to be liable for all of Lessee’s obligations under this lease, and (3) Lessor’s written approval is attached to the sublease or assignment. At any time,
Lessor may, at Lessor’s option, release Lessee from further liability for all or any portion of Lessee’s office space that has been subleased or assigned to a third party. 

 

	16.1	 Destruction by Fire or Other Casualty 

(a)    Total destruction, rent abatement, and restoration. If Lessee’s office space is totally damaged by fire or other
casualty so that it cannot reasonably be used by Lessee and if this lease is not terminated as provided in subparagraph (d) below, there shall be a total abatement of Lessee’s rent and Lessee’s obligation to pay office building
operating expenses until Lessee’s office space is restored by Lessor and Lessee. 
 (b)    Partial destruction, rent abatement,
and restoration. If Lessee’s office space is partially destroyed or damaged by fire or other hazard so that it can be only partially used by Lessee for the purposes allowed in this lease and if this lease is not terminated as provided in
subparagraph (d) below, there shall be a partial abatement of Lessee’s rent and Lessee’s obligation to pay office building operating expenses which fairly and reasonably corresponds to the time and extent to which Lessee’s office
space cannot reasonably be used by Lessee. 
 (c)    Restoration. Lessor’s obligation to restore shall be limited to the
condition of the leased premises existing prior to the casualty. Lessor shall proceed with diligence to restore. During restoration, Lessee shall continue business to the extent practical in Lessee’s reasonable judgment. To the extent Lessor
does not receive insurance proceeds for the use of restoration from its mortgagee, Lessor may terminate this Lease pursuant to subsection (d) below. 

  
 Page 10 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

 (d)    Lease termination. If Lessee’s office space or the office center is
so badly damaged that restoration and repairs cannot be completed within 4 months after the fire or casualty, as determined by Lessor following receipt of information from its insurance adjuster then this lease may be terminated as of the date of
the destruction by either Lessor or Lessee by serving written notice upon the other. Termination notice must be delivered within 30 days after the casualty. If the casualty is caused by the act or negligence of Lessee or any of its agents,
employees, visitors or contractors, Lessee shall be responsible for all costs and expenses associated with the repairs and restoration and Lessor shall be under no obligation to make any repairs, and Lessor may terminate this Lease and pursue all
remedies available against Lessee, under this Lease, at law or in equity. 
  

	17.1	 Condemnation 

If the leased premises or any material portion thereof, including any portion of the parking lot is taken by condemnation and if the leased premises is thereby
reasonably rendered unusable for Lessee’s business use and activities, this lease shall automatically terminate as of the date title vests in the condemning authority pursuant to such taking or acquisition; and Lessor and Lessee shall be
relieved of all further obligations under this lease. Lessor shall be entitled to recover from the condemning authority the full amount of Lessor’s interest in this lease and in the property which is taken in condemnation; provided, however, if
Lessee is not in default hereunder on the day of taking or acquisition by the condemning authority, Lessee shall be allowed to recover from the condemning authority, at Lessee’s own expense, the value of Lessee’s remaining leasehold
interest and Lessee’s trade fixtures, if any, which are taken in condemnation; but not otherwise. Lessee shall be responsible for Lessee’s own attorney’s fees and for proving its own damages. 

 

	18.1	 Default by Lessor 

Lessee shall be entitled (as its sole and exclusive remedy) to recover actual damages and/or sue Lessor for injunctive relief if Lessor remains in default on
any other obligation for thirty (30) days after Lessee’s written demand for performance. However, Lessor shall not be in default if Lessor promptly commences to cure such noncompliance and diligently proceeds in good faith to cure same
after receiving written notice of such default. If taxes and utilities are not timely paid, Lessee may pay same to the extent that it is necessary to avert foreclosure or cutoff. If Lessor fails to perform any covenant, term or condition of this
lease that Lessor is obligated to perform and, as a consequence of such nonperformance, Lessee shall recover a money judgment against Lessor, such judgment shall be satisfied only out of Lessor’s equity in the property. Lessor shall have no
liability whatsoever for any deficiency, and no other property or assets of Lessor shall be subject to levy, execution or other enforcement procedures as a result of such judgment. Except for Lessee’s express rights of termination under this
Lease, Lessee hereby waives all rights of termination or rescission. 
  

	19.1	 Default by Lessee 

If Lessee defaults, Lessor shall have any or all remedies set forth below. 

(a)     Definition of default. The occurrence of any of the following shall constitute a default by Lessee: (1) failure to pay
rent or any other sum due by Lessee under this lease within 7 days after written demand therefor by Lessor Lessor (provided, however, Lessor shall not be required to provide written notice and cure rights for such monetary default more than two
(2) times in any twelve month lease year); (2) failure to vacate on or before the last day of the lease term, renewal term, or extension period in accordance with the terms of this lease; (3) failure to pay rent in advance on a daily basis
in the event of unlawful holdover by Lessee in the amounts required under this Lease (provided, however, that the inclusion of this item as a default by Lessee shall not act to extend the Lease); (4) unauthorized early
move-out or notice of same as set forth below; (5) acquisition of Lessee’s interest in the lease by a third party by judicial or non-judicial process;
(6) failure to comply with any other provision of the lease (including rules) if such failure to comply is not cured as soon as possible l but not more than thirty (30) days following Lessor’s written notice of such failure or breach
to Lessee); or (7) Lessee makes a general assignment or general arrangement for the benefit of creditors, a petition for adjudication of bankruptcy or for reorganization or arrangement is filed against Lessee and same is not removed within 90
days from the date of filing; Lessee files a voluntary bankruptcy proceeding or consents to the appointment of a receiver. 

  
 Page 11 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

 (b)    Utilities and services. If Lessee is in default for nonpayment of rent or
other sums due and if Lessee fails to pay same in full within 3 days after Lessor hand delivers to Lessee or to Lessee’s representative written notice of Lessor’s intent to terminate utilities or services which are furnished by Lessor,
then Lessor may terminate such utilities or services after such 3-day notice period, without further notice. Lessor’s right to terminate such utilities or services shall occur automatically and without
notice if Lessee’s rent is accelerated under subparagraph (d) below, relating to unlawful early move-out. 

(c)    Acceleration after notice of rental delinquency. If Lessee is in default for nonpayment of rent or other sums due and if
Lessee fails to pay same in full within 3 days after Lessor delivers to Lessee or to Lessee’s office space a written notice of Lessor’s intent to accelerate or if Lessee is otherwise in default under any other provision in subsection
(a) above and Lessee fails to cure same within 3 days after Lessor delivers to Lessee or to the Leased Premises a written notice of Lessor’s intent to accelerate, then all rent (including base rent and additional rent) for the remainder of
the lease term shall be accelerated, due, and delinquent at the end of such 3-day notice period without further demand or notice. Such acceleration rights are in consideration of the rentals for the entire
term being payable in monthly installments rather than in one lump sum at the beginning of the lease term. If Lessee has already vacated the Leased Premises, notice of acceleration may be delivered to Lessee pursuant to paragraph 29.1. Liability for
additional rents accruing in the future (over and above any base rents) shall not be waived by such acceleration. 

(d)    Acceleration upon early move-out. If, following an uncured default by Lessee, Lessee
is lawfully evicted, or if Lessee moves out or gives verbal or written notice (in person or by an authorized employee or agent) of intent to move-out prior to the end of the lease term without the rent being
paid in full for the entire remainder of the lease term or renewal or extension period or without prior written consent of Lessor, all remaining rents for the remainder of the lease term shall be accelerated immediately and automatically, without
demand or notice. Such accelerated rents shall be due and delinquent without notice before or after such acceleration. Such acceleration shall not occur if the rent for the current month has been paid in full. 

(e)    Termination of possession. If Lessee is in default as defined in subparagraph (a) above and if Lessee remains in
default for 3 days after Lessor gives notice of such default to Lessee, or if Lessee abandons the leased premises, Lessor may (with or without demand for performance) terminate Lessee’s right of possession by giving one day’s written
notice to vacate; and Lessor shall be entitled to immediate possession without termination of Lessee’s obligations under the lease. Lessor’s repossession shall not be considered an election to terminate this lease unless written notice of
such intention to terminate is given to Lessee by Lessor. Repossession may be by voluntary agreement or by eviction lawsuit. Commencement of an eviction lawsuit shall not preclude other Lessor remedies under this lease or other laws. 

(f)    Reletting costs. If Lessee is in default under this lease and if Lessor terminates Lessee’s right of possession without
terminating this lease and Lessee’s space is released, Lessee shall pay upon Lessor’s demand the following: (1) all costs of reletting (which in no event shall be less than one month’s rent), including leasing commissions, rent
concessions (whether in the form of assuming or buying out lease remainders elsewhere, free rent for a period of time, or reduced rental rates), utilities during the vacancy, advertising costs, administrative overhead, and all costs of repair,
remodeling, or redecorating for replacement tenants in the Leased Premises, (2) all rent and other indebtedness due from Lessee to Lessor through the date of termination of Lessee’s right of possession, and (3) all rent and other sums
required to be paid by Lessee during the remainder of the entire lease term, subject to the acceleration paragraphs above. 

(g)    Mitigation by Lessor. Upon eviction or voluntary vacation of the Leased Premises by Lessee without the lease being
terminated by Lessor, Lessor shall make reasonable efforts to relet the Leased Premises. After deduction of reasonable expenses incurred by Lessor, Lessee shall receive credit for any rentals received by Lessor through reletting the Leased Premises
during the remainder of the lease term or renewal or extension period. Such deductible expenses may include real estate commissions, attorney’s fees, and all other expenses in connection with reletting. Lawsuit to collect amounts due by Lessee
under this lease may be brought from time to time on one or more occasions without the necessity of Lessor’s waiting until the expiration of the lease term. If judgment for 

  
 Page 12 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

 
accelerated rents is recovered, Lessor shall give credit against such judgment for subsequent payments made by Lessee and subsequent rentals received by Lessor from other tenants of Lessee’s
the Leased Premises, less lawful deductions and expenses of reletting. Lessor’s obligation to mitigate its damages resulting from a default shall be satisfied by Lessor taking any of the following actions to procure a substitute tenant and
subject to the following criteria: (i) Lessor shall have no obligation to solicit or entertain negotiations with another prospective tenant for the Leased Premises until Lessor obtains full and complete possession of the Leased Premises
(including without limitation, the final and unappealable legal right to relet the Leased Premises free from any claim of Lessee; Lessor shall not be obligated to offer the Leased Premises to a substitute tenant when other premises in the Project
suitable for such prospective tenant’s use are (or soon will be) available; Lessor shall not be obligated to lease the Leased Premises to a substitute tenant for a rental less than the current fair market rental then prevailing for similar
space, nor shall Lessor be obligated to enter into a new lease under terms and conditions unacceptable to Lessor in its reasonable discretion. Lessor shall have the right to take a substitute tenant’s financial status into account when
determining whether to lease the Leased Premises to such substitute tenant. Lessor’s commercially reasonable efforts to relet the Leased Premises using the above-referenced criteria shall be deemed to satisfy its obligations to mitigate
damages. 
 (h)    Termination of lease. Lessor may terminate this lease (as contrasted to termination of possession rights only)
upon default by Lessee or at any time after Lessor’s lawful re-entry or repossession following default by Lessee. Lessor’s agents have authority to terminate the lease only by written notice given
pursuant to paragraph 29.1. 
 (i)    Damages. In addition to other remedies and rights under this Lease and available to Lessor
at law or in equity (none of which are waived), Lessor may recover actual damages incurred following and as a result of such default. 
  

	20.1	 Lien for Rent 

(a)    Notwithstanding anything to the contrary in this lease, Lessor’s landlord lien shall be subordinate to any existing security
interest and any future purchase money security interests on Lessee’s personal property if such security interest is properly perfected and timely recorded as required by the Texas Business Code. Lessor shall cooperate in signing lien
subordinations in accordance with the foregoing. Any lien subordination shall be on forms reasonably acceptable to Lessor. 

(b)    Subject to the limitations of subparagraph (a) above, Lessee gives to Lessor a contractual lien on all of Lessee’s
property which may be found on the leased premises to secure payment of all monies and damages owed by Lessee under the lease. Such lien also covers all insurance proceeds on such property. Lessee shall not remove such property while rent or other
sums remain due and unpaid to Lessor and such property shall not be removed until all Lessee’s obligations under the lease have been complied with. This lien is in addition to Lessor’s statutory lien under Section 54.021 of the Texas
Property Code. If Lessee is in default for nonpayment of rent or any other sums due by Lessee, Lessor’s representatives may peacefully enter the leased premises and remove and store all property. If Lessor removes any property under this lien,
Lessor shall leave the following information in a conspicuous place inside Lessee’s office space: (1) written notice of exercise of lien, (2) a list of items removed, (3) the name of Lessor’s representative who removed such
items, and (4) the date of such removal. Lessor shall be entitled to reasonable charges for packing, removing, or storing abandoned or seized property, and may sell same at public or private sale (subject to any properly recorded chattel
mortgage or recorded financing statement) after 30 days’ written notice of time and place of sale is given to Lessee by certified mail, return receipt requested. Upon request by Lessor, Lessee shall acknowledge the above lien rights by
executing a UCC-1 form or similar form reflecting same. 
  

	21.1	 Attorney’s Fees, Interest, and Other Expenses 

If Lessee or Lessor is in default and if the nondefaulting party places the lease in the hands of an attorney in order to enforce lease rights or remedies, the
nondefaulting party may recover reasonable attorney’s fees from the defaulting party even if suit has not been filed. In any lawsuit enforcing lease rights, the prevailing party shall be entitled to recover reasonable attorney’s fees from
the nonprevailing party, plus all out-of-pocket expenses. Trial shall be to judge only. All delinquent sums due by Lessor or Lessee shall bear interest at the maximum
lawful rate of interest, compounded annually, from date of default until paid, plus any late payment fees. Late payment fees as set forth in paragraph 3.2 shall be considered reasonable liquidated damages for the time, trouble, inconvenience,

  
 Page 13 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

 
and administrative overhead expense incurred by Lessor in collecting late rentals, such elements of damages being uncertain and difficult to ascertain. Late payment fees shall not be liquidated
damages for attorney’s fees or for Lessor’s loss of use of such funds during the time of delinquency. 
  

	22.1	 Non-Waiver 

The acceptance of monies past due or the failure to complain of any action, nonaction, delayed payment, or default, whether singular or repetitive, shall not
constitute a waiver of rights or obligations under the lease. Lessor’s or Lessee’s waiver of any right or any default shall not constitute waiver of other rights, violations, defaults, or subsequent rights, violations, or defaults under
this lease. No act or omission by Lessor or Lessor’s agents shall be deemed an acceptance or surrender of the leased premises, and no agreement by Lessor to accept a surrender of the leased premises shall be valid unless it is in writing and
signed by a duly authorized agent of Lessor. 
  

	23.1	 Building Rules 

Lessor’s rules for the office building are attached as Exhibit F-2 and are subject to reasonable change if the
changes are applicable to all tenants of the office building. Separate parking rules are contained in paragraph F-1. Lessee agrees to provide a copy of the Office Building Rules (Exhibit F-2) to each of Lessee’s employees. 
  

	24.1	 Transfer of Ownership by Lessor 

If Lessor transfers ownership of the office building (other than as security for a mortgage) and if Lessor has delivered to the transferee all of Lessee’s
security deposits and any prepaid rents, Lessor shall be released from all liability under the lease; and such transferee shall become liable as Lessor. Such right to be released of liability shall accrue to subsequent owners only if such transfer
is in good faith and for consideration. Notwithstanding the foregoing, however, in no event will future owners of the Leased Premises be required to pay leasing commissions that have not accrued prior to the date of their ownership unless such new
owner enters into a separate agreement with the broker claiming same. 
  

	25.1	 Mortgages 

Lessee shall subordinate and attorn to mortgage liens now or hereafter on the office building. Lessee agrees to execute, from time to time, documentation
therefor which is necessary in the reasonable judgment of Lessor. Other than the provisions already set forth in this lease, there are no special lease provisions which are required by lienholders of the office building. Notwithstanding anything
contained herein to the contrary, this lease shall be subordinate to all existing and future mortgages. However, such mortgagees may at any time subordinate their lien to this lease by filing a subordination notice in the county real property
records without necessity of notice to Lessee. Lessee waives and holds any mortgagee or holder of a security interest harmless from all claims of Lessee against Lessor arising prior to such mortgagee succeeding to the Lessor’s ownership
interest in the property. Upon written request by Lessor or Lessor’s mortgagee, Lessee shall execute and deliver a subordination, non-disturbance and attornment agreement in a form required by Lessor or
Lessor’s mortgagee no later than 5 business days following the request of Lessor or Lessor’s mortgagee. 
  

	26.1	 Surrender of Premises 

When Lessee moves out, Lessee shall surrender Lessee’s office space in the same condition as on the date of lease commencement by Lessee (as changed or
improved from time to time in accordance with this lease), less ordinary wear. Removal of property from the leased premises is subject to paragraph 14.1. Upon surrender, Lessee shall provide Lessor with all of Lessee’s keys, access codes and
cards to the Leased Premises and the combination to all safes and vaults, if any in the Leased Premises. 
  

	27.1	 Holding Over 

If Lessee remains in possession of the leased premises after the expiration or mutually-agreed termination date of the lease, without the execution by Lessor
and Lessee of a new lease or a renewal or extension of the lease, then 

  
 Page 14 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

 
(1) Lessee shall be deemed to be occupying the leased premises as a tenant-at-sufferance on a daily basis, subject
to all obligations of the lease, (2) Lessee shall pay rent for the entire holdover period at the rate of 150% of the then-current rental rate plus 150% of all additional rent due hereunder, (3) Lessee shall be subject to all other remedies
of Lessor as provided in paragraph 19.1, (4) Lessee shall indemnify Lessor and/or prospective tenants for damages, including lost rentals, storage expenses, and attorney’s fees, and (5) at Lessor’s sole option, Lessee may extend the
lease term for a period of one month at the then current rental rates for the office building, as reasonably determined by Lessor, by hand delivering written notice to Lessee or to Lessee’s office space while Lessee is holding over. Holdover
rents shall be immediately due on a daily basis and delinquent without notice or demand; and the prior written notice and waiting period requirements of this lease shall not be necessary in order for Lessor to exercise remedies thereunder. 

 

	28.1	 Signs and Building Name 

Except for standard suite signage and building directory listings, there shall be no signs, symbols, or identifying marks on or in the building, halls,
elevators, staircases, entrances, parking areas, landscape areas, doors, walls, or windows without prior written approval of Lessor. The cost of initial suite signage for Lessee’s space and initial directory strips shall be at Lessee’s
expense. All signs or lettering shall conform to the sign and lettering criteria established by Lessor. Unless otherwise stated in the rules, suite signage and building directory changes shall be done exclusively by Lessor and at Lessee’s
expense. Lessor may remove all unapproved signs without prior notice to Lessee and at Lessee’s expense. Lessor may change the name of the building upon six months’ written notice to Lessee. 

 

	28.2	 Relocation of Lessee 

Upon at least 60 days’ notice to Lessee, Lessor shall have the right to relocate Lessee within the building in lease space which is the same size or
larger and usable for Lessee’s intended use. Such relocation shall be made at Lessor’s sole expense, including necessary reprinting of Lessee’s stationary, envelopes, business cards, door signs, etc. Rent shall not be increased if the
relocation office space is larger or better quality. Relocation date shall be contained in the relocation notice referred to above. Lessor shall not be liable to Lessee in connection with such relocation except for undue delay or property damages
caused by Lessor or Lessor’s employees, agents, or contractors. 
  

	29.1	 Notices 

Whenever written notice is required or permitted under this lease, such notice shall be in writing and shall be either (a) hand delivered personally to
the party being notified, (b) hand delivered to or inside such party’s mailing address, or (c) delivered at such party’s mailing address by certified mail, return receipt requested, postage prepaid. The mailing address of Lessor
shall be the address to which Lessee normally mails or delivers the monthly rent unless Lessor notifies Lessee of a different address in writing. The mailing address of Lessee shall be Lessee’s office space under this lease. However, if Lessee
moves out, it shall be Lessee’s last address known by Lessor. Hand delivered notice is required only when expressly required in the lease. Notice by noncertified mail is sufficient if actually received by the addressee or an employee or agent
of addressee. The term “notice” shall be inclusive of notices, billings, requests, and demands. 
  

	30.1	 Estoppel Certificates 

From time to time, upon 7 days’ prior written request from Lessor, Lessee shall execute and deliver to Lessor the estoppel certificate attached as Exhibit
G. The form in Exhibit G may be changed as reasonably required by a prospective purchaser or lender. If any statement in the estoppel certificate form is contrary to the facts existing at the time of execution of such form, Lessee may correct same
before signing. Reasonable modifications in the form may be made as requested by a prospective lienholder or purchaser. The estoppel certificate may be conclusively relied upon by Lessor and by any prospective lienholder or purchaser of the leased
premises. If Lessee fails to comply with the foregoing by the end of such 7-day period, it shall be conclusively presumed that (1) this lease is in full force and effect without any subleases or
assignments and is unamended or modified except for amendments verified by affidavit of Lessor to the prospective lienholder or purchaser, (2) no rents, security deposits, or other charges have been prepaid, (3) the statements contained in
the estoppel certificate form (Exhibit G) are correct, (4) there are no uncured defaults by Lessor, (5) Lessee has no right of offset or rescission, and (6) 

  
 Page 15 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

 
any prospective purchaser or lienholder may conclusively rely on such silence or noncompliance by Lessee and may conclusively assume no Lessor defaults within the 120 days following Lessee’s
receipt of Lessor’s request for an estoppel certificate. 
  

	31.1	 Successors 

This lease shall bind and inure to the benefit of the parties, any guarantors of this lease, and their respective successors and assigns; provided, nothing
herein shall modify any other provision in this Lease. 
  

	31.2	 Leasing Agent Commissions 

No leasing commission shall be due by Lessor to any leasing agent unless in a sperate agreement signed by Lessor and such broker. Commission agreements
executed by Lessor shall not be binding on subsequent building owners if the tenant of the lease in question is in possession at the time of transfer of building ownership. 
  

	32.1	 Building Operating Expense 

In addition to the monthly base rent in paragraph 2.1, without right of set-off, counterclaim, defense or abatement,
Lessee shall pay additional rent on a monthly basis, equivalent to Lessee’s prorata share of actual building operating expenses as per Exhibit C attached hereto. Lessee’s responsibility for payment of building operating costs shall be
subject to the expense stop referred to in Basic Lease Information #8. 
  

	33.1	 Representations and Warranties by Lessor 

Lessor warrants that Lessor is the sole owner of the land and improvements comprising the office building and that Lessor has full right to enter into this
lease. Lessor’s duties and warranties are limited to those expressly stated in this lease and shall not include any implied duties or implied warranties, now or in the future. No representations or warranties have been made by Lessor other than
those expressly contained in this lease. 
  

	34.1	 Representations and Warranties by Lessee 

Lessee warrants to Lessor that (1) the financial statements of Lessee heretofore furnished to Lessor are true and correct to the best of Lessee’s
knowledge, (2) there has been no significant adverse change in Lessee’s financial condition since the date of the financial statements, (3) the financial statements fairly represent the financial condition of Lessee upon those dates
and at the time of execution hereof, (4) there are no delinquent taxes due and unpaid by Lessee, and (5) Lessee and none of the officers or partners of Lessee (if Lessee is a corporation or partnership) have ever declared bankruptcy.
Lessee warrants that Lessee has disclosed in writing to Lessor all lawsuits pending or threatened against Lessee, and Lessee has made no material misrepresentation or material omission of facts regarding Lessee’s financial condition or business
operations. All financial statements must be dated and signed by Lessee. Lessee acknowledges that Lessor has relied on the above information furnished by Lessee to Lessor and that Lessor would not have entered into this lease otherwise. 

 

	35.1	 Place of Performance 

Unless otherwise expressly stated in this lease, all obligations under this lease, including payment of rent and other sums due, shall be performed in the
county where the office building is located, at the address designated from time to time by Lessor. 
  

	36.1	 Miscellaneous 

This lease contains the entire agreement of the parties. NO OTHER WRITTEN OR ORAL PROMISES OR REPRESENTATIONS HAVE BEEN MADE, AND NONE SHALL BE BINDING. This
lease supersedes and replaces any previous lease between the parties on Lessee’s office space, including any renewals or extensions thereunder. Except for reasonable changes in written rules, this lease shall not be amended or changed except by
written instrument, signed by both Lessor and Lessee. LESSOR’S AGENTS DO NOT AND WILL NOT HAVE AUTHORITY TO (1) MAKE EXCEPTIONS, CHANGES OR AMENDMENTS TO THIS LEASE, OR 

  
 Page 16 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

 
FACTUAL REPRESENTATIONS NOT EXPRESSLY CONTAINED IN THIS LEASE, (2) WAIVE ANY RIGHT, REQUIREMENT, OR PROVISION OF THIS LEASE, OR (3) RELEASE LESSEE FROM ALL OR PART OF THIS LEASE, UNLESS
SUCH ACTION IS IN WRITING AND SIGNED BY BOTH PARTIES TO THIS LEASE. Multiple lessees shall be jointly and severally liable under this lease. Notices, requests, or agreements to, from, or with one of multiple lessees shall be deemed to be to, from,
or with all such Lessees. Under no circumstances shall Lessor or Lessee be considered an agent of the other. Nonsubstantial errors in space footage calculations shall entitle the parties to correct the rental figures in the lease and adjust rentals
previously paid to present Owner accordingly, but not to terminate the lease. The lease shall not be construed against either party more or less favorably by reason of who drafted the lease or changes in the lease. Texas law applies. If any date of
performance or exercise of a right ends on a Saturday, Sunday, or state holiday, such date shall be automatically extended through the next business day. Time is of the essence; and all performance dates, time schedules, and conditions precedent to
exercising a right shall be strictly adhered to without delay except where otherwise expressly provided. If any provision of this lease is invalid under present or future laws, the remainder of this lease shall not be affected. 

 

	37.1	 Special Conditions 

Additional provisions of this lease are set forth in Exhibit J. 
  

	38.1	 Exhibit List1 

The exhibits attached to this lease are listed below. All exhibits are a part of this lease except for those which have been lined out or which have been shown
below as omitted. 
  

			
	 Exhibit A
	  	Floor Plan of Lessee’s Office Space (paragraph 1.1) [Intentionally omitted.]
	 Exhibit B
	  	Legal Description of Office Building (paragraph 1.1) [Intentionally omitted.]
	 Exhibit C
	  	Building Operating Expense Passthrough Calculations (paragraphs 2.1 and 32.1) [Intentionally omitted.]
	 Exhibit D
	  	Acknowledgment of Lease (paragraph 4.2) [Intentionally omitted.]
	 Exhibit E
	  	Construction by Lessor (paragraph 5.1) [Intentionally omitted.]
	 Exhibit F-1
	  	Parking Rules (paragraphs 9.2 and 23.1) [Intentionally omitted.]
	 Exhibit F-2
	  	Building Rules (paragraph 23.1) [Intentionally omitted.]
	 Exhibit G
	  	Estoppel Certificate (paragraph 30.1) [Intentionally omitted.]
	 Exhibit H
	  	Lease Guaranty (paragraph 37.1) [Intentionally omitted.]
	 Exhibit I
	  	Corporate Resolution Authorizing Lease or Guaranty (paragraphs 37.1 and 39.1) [Intentionally omitted.]
	 Exhibit J
	  	Special Conditions (paragraph 37.2) [Intentionally omitted.]
	 Exhibit K
	  	Hazardous Materials Statement [Intentionally omitted.]
	 Exhibit L
	  	Acknowledgment of Receipt of Agency Disclosure [Intentionally omitted.]

  

	1 	 Omitted exhibits to be provided to the Securities and Exchange Commission upon request. 

  
 Page 17 

			
		  	Lessor                     
		
	MASTER	  	Lessee                     

	39.1	 Lease Dates and Authority to Sign 

The “identification” date of this lease is the 05/11/2021 (the same date as at the top of Basic Lease Information). The “effective
date” on which this lease becomes binding is the date on which the lease has been signed by Lessor, Lessee, and any guarantors. The names and signatures of all parties are shown below; and all persons signing have been duly authorized to sign.
IF LESSEE IS A CORPORATION, A CORPORATE RESOLUTION AUTHORIZING LESSEE TO EXECUTE THIS LEASE IS ATTACHED AS EXHIBIT I. Corporate seals are unnecessary under Texas law. 
  

					
	LESSOR	 	 	 	LESSEE
			
	OVERLOOK AT ROB ROY OWNER (DELAWARE), LLC	 		 	SAVARA
INC.                                       
                                     
	Printed name of company or firm (if applicable)	 		 	Printed name of company or firm (if applicable)
			
	 JOEL SHER
	 		 	 Dave Lowrance

	Printed name of person signing	 		 	Printed name of person signing
			
	 /s/ Joel Sher
	 		 	 /s/ Dave Lowrance

	Signature	 		 	Signature
			
	 AUTHORIZED PERSON
	 		 	 CFO

	Title of person signing (if applicable)	 		 	Title of person signing (if applicable)
			
	 6/3/2021
	 		 	 6/3/2021

	Date signed (Please initial all pages and exhibits)	 		 	Date signed (Please initial all pages and exhibits)

  
 Page 18 

			
		  	Lessor                     
		
	MASTER	  	LesseeEX-10.4

 Exhibit 10.4 

FORM OF WARRANT AGREEMENT 

WARRANT AGREEMENT (this “Agreement”), dated as of [______], 2021, between Frank’s International N.V., a public company
organized under the laws of the Netherlands (the “Company”), and Cortland Capital Market Services LLC, a Delaware limited liability company (the “Warrant Agent”). 

W I T N E S S E T H 

WHEREAS, Expro Group Holdings International Limited, a company limited by shares organized under the laws of the Cayman Islands
(“Expro”) issued Class A warrants (“Expro Class A Warrants”) entitling the holder or holders thereof to purchase shares of common stock, par value $0.01 per share (“Expro Common
Stock”), of Expro upon the terms and subject to the conditions set forth in the form of Warrant Certificate attached as Exhibit A to that certain Warrant Agreement, dated as of February 5, 2018, between Expro and the Warrant Agent (the
“Expro Warrant Agreement”); 
 WHEREAS, Expro issued Class B warrants (“Expro Class B
Warrants” and together with the Expro Class A Warrants, the “Expro Warrants”) entitling the holder or holders thereof to purchase shares of Expro Common Stock upon the terms and subject to the conditions set forth in
the form of Warrant Certificate attached as Exhibit B to the Expro Warrant Agreement; 
 WHEREAS, Expro has entered into an Agreement and
Plan of Merger by and among it, the Company and New Eagle Holdings Limited, an exempted company limited by shares incorporated under the laws of the Cayman Islands, dated as of March 10, 2021 (the “Merger Agreement”); 

WHEREAS, pursuant to Section 2(b) of the Expro Warrant Agreement and Section 2.3 of the Merger Agreement, the Company is obligated
to execute a replacement warrant agreement and issue a replacement warrant to each holder of the Expro Warrants that complies with the terms and conditions of the Expro Warrants and the Expro Warrant Agreement, on the terms and subject to the
conditions set forth in the Merger Agreement; 
 WHEREAS, the Company is entering into this Warrant Agreement in order to comply with such
obligations under the Expro Warrant Agreement and the Merger Agreement and provide for the issuance (i) to each holder of an Expro Class A Warrant of a Class A Warrant (each, a “Class A Warrant” and
collectively, the “Class A Warrants”) entitling the holder thereof to purchase shares of common stock, par value €0.01 per share (the “Common Stock”) of the Company upon the terms and subject
to the conditions set forth in the form of warrant certificate attached hereto as Exhibit A (the “Class A Warrant Certificate”) and (ii) to each holder of an Expro Class B Warrant of a Class B
Warrant (each, a “Class B Warrant,” collectively, the “Class B Warrants” and, together with the Class A Warrants, the “Warrants”) entitling the holder
thereof to purchase shares of Common Stock of the Company upon the terms and subject to the conditions set forth in the form of warrant certificate attached hereto as Exhibit B (the “Class B Warrant Certificate”);
and 
  

 WHEREAS, the Company desires the Warrant Agent to act on behalf of the Company, and the
Warrant Agent is willing to so act, in connection with the issuance, transfer, exchange and exercise of the Warrants. 
 NOW, THEREFORE, in
consideration of the premises and the mutual agreements herein set forth, the parties hereby agree as follows: 
 Section 1.
Definitions. Capitalized terms used herein but not defined herein shall have the meanings ascribed to them in the applicable Warrant Certificate. 

Section 2. Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company in
accordance with the terms and conditions hereof, and the Warrant Agent hereby accepts such appointment. The Company may from time to time appoint such Co-Warrant Agents as it may, in its sole discretion, deem
necessary or desirable. 
 Section 3. Warrant Statements; Warrant Certificates. The Warrants shall be issued by book-entry
registration on the books of the Warrant Agent and the issuance thereof shall be confirmed by statements delivered by the Warrant Agent from time to time, including within five (5) days of the initial issuance thereof, to the Holders reflecting
such book-entry position; provided, however, that, at the request of any Holder, the Warrants held by such Holder shall be evidenced by Warrant Certificates which shall be in the form of Exhibit A and
Exhibit B attached hereto, as applicable, and may have such marks of identification or designation and such legends, summaries or endorsements printed thereon as the Company may deem appropriate and as are not inconsistent
with the provisions of this Agreement or as may be required to comply with any law or with any rule or regulation made pursuant thereto. 

Section 4. Signature; Registration. The Warrant Certificates shall be executed on behalf of the Company by its chief executive
officer, chief financial officer, treasurer or assistant treasurer or secretary or assistant secretary, either manually or by facsimile signature. In case any officer of the Company who shall have signed any of the Warrant Certificates shall cease
to be such officer of the Company before issuance and delivery by the Company, such Warrant Certificates, nevertheless, may be issued and delivered with the same force and effect as though the person who signed such Warrant Certificate had not
ceased to be such officer of the Company; and any Warrant Certificate may be signed on behalf of the Company by any person who, at the actual date of the execution of such Warrant Certificate, shall be a proper officer of the Company to sign such
Warrant Certificate, although at the date of the execution of this Agreement any such person was not such an officer. 
 The Warrant Agent
will keep or cause to be kept, at its offices or at the office of one of its agents, books for registration and transfer of the Warrant Certificates issued hereunder, or dematerialized evidence of beneficial ownership of such Warrants for any
Warrants issued by book-entry registration on the books of the Warrant Agent. Such books shall show the names and addresses of the respective Holders of the Warrants and the number of Warrants beneficially owned by each respective Holder. 

Section 8 of the applicable Warrant Certificate is incorporated herein by reference. 

  
 2 

 Section 5. Exercise of Warrants. The Warrants shall be exercisable on the terms
and according to the procedures as set forth in the applicable Warrant Certificate. Such terms and procedures set forth therein are incorporated herein by reference. In the event of a Holder electing to exercise a Warrant by Cashless Exercise, the
Company shall calculate and promptly transmit to the Warrant Agent, and the Warrant Agent shall have no obligation under this Section 5 to calculate, the number of shares of Common Stock to be issued. Such notification
shall be made as promptly as practicable following (but in no event later than five (5) Business Days following) receipt by the Company of such Holder’s Warrant Exercise Documentation. 

Section 6. Cancellation and Destruction of Warrant Certificates. All Warrant Certificates surrendered for the purpose of exercise,
transfer or exchange shall, if surrendered to the Company or to any of its agents, be delivered to the Warrant Agent for cancellation or in cancelled form, or, if surrendered to the Warrant Agent, shall be cancelled by it, and no Warrant
Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of the Warrant Certificate. The Company shall deliver to the Warrant Agent for cancellation and retirement, and the Warrant Agent shall so cancel and
retire, any other Warrant Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. Subject to the requirements of applicable law regarding the retention of cancelled securities, and in particular but not by way of
limitation, Rule 17Ad-6 and 17Ad-7 of the Securities Exchange Act of 1934, as amended, the Warrant Agent shall deliver all cancelled Warrant Certificates to the
Company, or shall, at the written request of the Company, destroy such cancelled Warrant Certificates, and in such case shall deliver a certificate of destruction thereof to the Company. 

Section 7. Certain Representations; Reservation and Availability of Common Stock. 

(a) This Agreement has been duly authorized, executed and delivered by the Company and, assuming due authorization, execution and delivery
hereof by the Warrant Agent, constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance with its terms, and the Warrants have been duly authorized, and once executed and issued by the Company,
shall constitute valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms and entitled to the benefits hereof; in each case, except as enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally or by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law).

 (b) The Warrant Agent will create one or more special accounts for the issuance of shares of Common Stock to be issued upon the exercise
of Warrants. 
 Section 8. Adjustments. The Exercise Price and the Number Issuable of each applicable Warrant are subject to
adjustment from time to time as provided in Section 2 of the applicable Warrant Certificate. Such terms and procedures set forth therein are incorporated herein by reference. 

  
 3 

 Section 9. Certification of Number of Common Stock. Whenever the Number Issuable
and/or Exercise Price of a Warrant is adjusted as provided in Section 2 of the applicable Warrant Certificate, the Company shall promptly deliver to the Warrant Agent and the transfer agent for the Common Stock a copy of the notice and
certificate that the Company is required to deliver to the registered holder of such Warrants pursuant to such Warrant Certificate. The Warrant Agent shall be under no responsibility to determine the correctness of any provisions contained in such
notice or certificate relating either to the kind or amount of securities or other property receivable upon exercise of Warrants or with respect to the method employed and provided therein for any adjustments and shall be entitled to rely upon the
provisions contained in any such notice or certificate. The provisions of this Section 9 shall similarly apply to successive Transactions. 

Section 10. Concerning the Warrant Agent. The Warrant Agent shall be entitled to receive from time to time, on demand of the
Warrant Agent, its reasonable and documented out-of-pocket expenses and counsel fees and other disbursements incurred in the administration and execution of this
Agreement and the exercise and performance of its duties hereunder. 
 The Company also covenants and agrees to indemnify and to hold the
Warrant Agent harmless against any costs, expenses (including reasonable fees of its legal counsel), losses or damages, which may be paid, incurred or suffered by or to which it may become subject, arising from or out of, directly or indirectly, any
claims or liability resulting from its actions as Warrant Agent pursuant hereto; provided, that such covenant and agreement does not extend to, and the Warrant Agent shall not be indemnified with respect to, such costs, expenses,
losses and damages incurred or suffered by the Warrant Agent as a result of, or arising out of, the Warrant Agent’s refusal or failure to comply with the terms of this Agreement, or which result from or arise out of the Warrant Agent’s
gross negligence, bad faith, or willful misconduct. 
 Promptly after the receipt by the Warrant Agent of notice of any demand or claim or
the commencement of any action, suit, proceeding or investigation, the Warrant Agent shall, if a claim in respect thereof is to be made against the Company, promptly notify the Company thereof in writing. The Company shall be entitled to participate
as its own expense in the defense of any such claim or proceeding, and, if it so elects at any time after receipt of such notice, it may assume the defense of any suit brought to enforce any such claim or of any other legal action or proceeding. The
Warrant Agent shall be responsible for and shall indemnify and hold the Company harmless from and against any and all losses, damages, costs, charges, counsel fees, payments, expenses and liability arising out of or attributable to the Warrant
Agent’s refusal or failure to comply with the terms of this Agreement, or which arise out of Warrant Agent’s gross negligence, bad faith or willful misconduct or which arise out of the breach of any representation or warranty of the
Warrant Agent hereunder, for which the Warrant Agent is not entitled to indemnification under this Agreement; provided, however, that the Warrant Agent’s aggregate liability during any term of this Agreement with respect to,
arising from, or arising in connection with this Agreement, or from all services provided or omitted to be provided under this Agreement, whether in contract, or in tort, or otherwise, is limited to, and shall not exceed, the amounts paid under this
Agreement by the Company to the Warrant Agent as fees and charges. 
 Promptly after the receipt by the Company of notice of any demand or
claim or the commencement of any action, suit, proceeding or investigation, the Company shall, if a claim in respect thereof is to be made against the Warrant Agent, notify the Warrant Agent thereof in writing. The Warrant Agent shall be entitled to
participate at its own expense in the defense of any such claim or proceeding, and, if it so elects at any time after receipt of such notice, it may assume the defense of any suit brought to enforce any such claim or of any other legal action or
proceeding. 

  
 4 

 No indemnifying party shall, without the written consent of the indemnified party, effect
the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification may be sought hereunder (whether or not the indemnified party is an actual or
potential party to such action or claim) unless such settlement, compromise or judgment (i) includes an unconditional release of the indemnified party from all liability arising out of such action or claim and (ii) does not include a
statement as to, or an admission of, fault, culpability or a failure to act, by or on behalf of any indemnified party. The indemnifying party shall not be required to indemnify the indemnified party for any amount paid or payable by the indemnified
party in the settlement or compromise of, or entry into any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder without the written consent of the
indemnifying party, which consent shall not be unreasonably withheld. 
 For the purposes of this Section 10, the
term “expense or loss” means any amount paid or payable to satisfy any claim, demand, action, suit or proceeding settled with the express written consent of the Warrant Agent or the Company, as applicable, and all reasonable costs
and expenses, including, but not limited to, reasonable and documented out-of-pocket counsel fees and disbursements, paid or incurred in investigating or defending
against any such claim, demand, action, suit, proceeding or investigation. 
 Section 11. Purchase or Consolidation or Change of
Name of Warrant Agent. Any entity into which the Warrant Agent or any successor Warrant Agent may be merged or with which it may be consolidated, or any entity resulting from any merger or consolidation to which the Warrant Agent or any
successor Warrant Agent shall be party, or any entity succeeding to the trust business of the Warrant Agent or any successor Warrant Agent, shall be the successor to the Warrant Agent under this Agreement without the execution or filing of any paper
or any further act on the part of any of the parties hereto, provided that such Person would be eligible for appointment as a successor Warrant Agent under the provisions of Section 13. 

Section 12. Duties of Warrant Agent. The Warrant Agent undertakes the duties and obligations imposed by this Agreement upon the
following terms and conditions, by all of which the Company shall be bound: 
 (a) The Warrant Agent may consult with legal counsel (who,
with the permission of the Company, may be legal counsel for the Company), and the opinion of such counsel shall be full and complete authorization and protection to the Warrant Agent as to any action taken or omitted by it in good faith and in
accordance with such opinion. 
 (b) Whenever in the performance of its duties under this Agreement, the Warrant Agent shall deem it
necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed
to be conclusively proved and established by a certificate signed by the chief executive officer, chief financial officer, treasurer or assistant treasurer or secretary or assistant secretary or any vice president of the Company and delivered to the
Warrant Agent; and such certificate shall be full authentication and authorization to the Warrant Agent for any action taken or suffered in good faith by it under the provisions of this Agreement in reliance upon such certificate. 

  
 5 

 (c) The Warrant Agent shall be liable hereunder only for its own gross negligence, bad faith
or willful misconduct or its refusal or failure to comply with the terms of this Agreement, pursuant to Section 10 above. 

(d) The Warrant Agent shall not be liable for or by reason of any of the statements of fact or recitals contained in this Agreement or in the
Warrant Certificates or be required to verify the same, but all such statements and recitals are and shall be deemed to have been made by the Company only. 

(e) The Warrant Agent shall not be under any responsibility in respect of the validity of this Agreement or the execution and delivery hereof
(except the due execution hereof by the Warrant Agent) or in respect of the validity or execution of any Warrant Certificate; nor shall it be responsible for any breach by the Company of any covenant or condition contained in this Agreement or in
any Warrant Certificate; nor shall it be responsible for the adjustment of the Exercise Price and/or the Number Issuable of any Warrant required under the provisions of Section 2 of the applicable Warrant Certificate or responsible for the
manner, method or amount of any such change or the ascertaining of the existence of facts that would require any such adjustment or change (except with respect to the exercise of Warrants evidenced by Warrant Certificates after actual notice of any
adjustment of the Exercise Price and/or the Number Issuable); nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any shares of Common Stock to be issued pursuant to this
Agreement or any Warrant Certificate or as to whether any shares of Common Stock will, when issued, be duly authorized, validly issued and fully paid and nonassessable. 

(f) The Company agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered
all such further and other acts, instruments and assurances as may reasonably be required by the Warrant Agent for the carrying out or performing by the Warrant Agent of the provisions of this Agreement. 

(g) The Warrant Agent is hereby authorized to accept instructions with respect to the performance of its duties hereunder from the chief
executive officer, chief financial officer, general counsel, treasurer or assistant treasurer or secretary or assistant secretary or any vice president of the Company, and to apply to such officers for advice or instructions in connection with its
duties, and it shall not be liable and shall be fully indemnified and held harmless for any action taken or suffered to be taken by it in good faith in accordance with instructions of any such officer, provided Warrant Agent carries out such
instructions without gross negligence, bad faith or willful misconduct. 
 (h) Under the terms of this Agreement, the Warrant Agent and any
equity holder, director, officer or employee of the Warrant Agent may become pecuniarily interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise act as fully and freely as
though it were not Warrant Agent under this Agreement. Nothing herein shall preclude the Warrant Agent from acting in any other capacity for the Company or for any other legal entity. 

  
 6 

 (i) The Warrant Agent may execute and exercise any of the rights or powers hereby vested in
it or perform any duty hereunder either itself or by or through its attorney or agents, and the Warrant Agent shall not be answerable or accountable for any act, default, neglect or misconduct of any such attorney or agents or for any loss to the
Company resulting from any such act, default, neglect or misconduct, provided reasonable care was exercised in the selection and continued employment thereof. 

Section 13. Change of Warrant Agent. The Warrant Agent may resign and be discharged from its duties under this Agreement upon 30
days’ notice in writing mailed to the Company and to each transfer agent of the Common Stock by registered or certified mail, and to the holders of the Warrants by first-class mail. The Company may remove the Warrant Agent or any successor
Warrant Agent upon 30 days’ notice in writing, mailed to the Warrant Agent or successor Warrant Agent, as the case may be, and to each transfer agent of the Common Stock by registered or certified mail, and to the holders of the Warrants by
first-class mail. If the Warrant Agent shall resign or be removed or shall otherwise become incapable of acting, the Company shall appoint a successor to the Warrant Agent. If the Company shall fail to make such appointment within a period of 30
days after such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Warrant Agent or by the holder of a Warrant, then the registered holder of any Warrant may apply to any court of
competent jurisdiction for the appointment of a new Warrant Agent. Any successor Warrant Agent, whether appointed by the Company or by such a court, shall be an entity organized and doing business under the laws of the United States or of a state
thereof, in good standing, which is authorized under such laws to exercise trust powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Warrant Agent a combined capital and
surplus of at least $50,000,000. After appointment, the successor Warrant Agent shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Warrant Agent without further act or deed; but the
predecessor Warrant Agent shall deliver and transfer to the successor Warrant Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the
effective date of any such appointment, the Company shall file notice thereof in writing with the predecessor Warrant Agent and each transfer agent of the Common Stock, and mail a notice thereof in writing to the registered holders of the Warrants.
However, failure to give any notice provided for in this Section 13, or any defect therein, shall not affect the legality or validity of the resignation or removal of the Warrant Agent or the appointment of the successor
Warrant Agent, as the case may be. 
 Section 14. Issuance of New Warrant Certificates. Notwithstanding any of the provisions of
this Agreement or of the Warrants to the contrary, the Company may, at its option, issue new Warrant Certificates evidencing Warrants in such form as may be approved by the board of directors of the Company to reflect any adjustment or change in the
Exercise Price and the number or kind or class of equity interests or other securities or property purchasable under the several Warrant Certificates to the extent any such adjustment or change is made in accordance with the terms of the Warrant
Certificates. 

  
 7 

 Section 15. Holders of Warrants Not Deemed an Equityholder. Except as otherwise
expressly provided in the Warrant Certificate, this Agreement or as required by applicable law, no holder, as such, of any Warrant shall be entitled to vote, receive dividends or distributions on, or be deemed for any purpose the holder of Common
Stock or any other securities of the Company which may at any time be issuable on the exercise of such Warrants, nor shall anything contained herein or in any Warrant Certificate be construed to confer upon the holder of any Warrant, as such, any of
the rights of an equityholder of the Company or any right to vote for the election of directors or upon any matter submitted to equityholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of
meetings or other actions affecting equityholders, or to receive dividends or distributions or subscription rights, or otherwise, until such Warrants shall have been exercised in accordance with the provisions thereof. 

Section 16. Notices. Notices or demands authorized by this Agreement to be given or made (i) by the Warrant Agent or by the
holder of any Warrant to or on the Company, (ii) subject to the provisions of Section 13, by the Company or by the holder of any Warrant to or on the Warrant Agent or (iii) by the Company or the Warrant Agent to
the holder of any Warrant, shall be deemed given and received (a) when delivered by hand, if personally delivered; 
 (a) one Business
Day following the date delivered to a courier with overnight delivery requested, if delivered by a recognized commercial overnight courier service guaranteeing next Business Day delivery; and (c) three Business Days after being deposited in the
mail, postage prepaid, if mailed, in each case to the parties at the following addresses (or at such other address for a party as shall be specified by like notice): 

If to the Company, to: 

Frank’s International N.V. 

10260 Westheimer Road Suite 700 

Houston, Texas 77042 
 Attention:
Chief Financial Officer 
                  General
Counsel 
 If to the Warrant Agent, to: 

Cortland Capital Market Services LLC 

225 W. Washington St., 9th Floor 

Chicago, Illinois 60606 

Attention: Legal Department 

Facsimile: 312-376-0751 

via Email to: legal@cortlandglobal.com 

(b) If to the holder of any Warrant, to the address of such holder as shown on the registry books of the Company. Any notice required to be
delivered by the Company to the registered holder of any Warrant may be given by the Warrant Agent on behalf of the Company. 

  
 8 

 Section 17. Supplements and Amendments. 

(a) The Company and the Warrant Agent may from time to time agree to supplement or amend this Agreement without the approval of any holders of
Warrants in order to cure any ambiguity, to correct or supplement any provision contained herein which may be defective or inconsistent with any other provisions herein, or to make any other provisions or amendments with regard to matters or
questions arising hereunder which the Company and the Warrant Agent may deem necessary or desirable and which shall not adversely affect the interests of the holders of Warrants or be inconsistent with the terms of the Warrants (it being understood
that any amendment or supplement to this Agreement that increases the Exercise Price or decreases the Number Issuable of any Warrants shall be deemed to adversely affect the interests of the holders of Warrants). 

(b) In addition to the foregoing, with the consent of holders of not less than 50% of the issued and outstanding Class A Warrants, the
Company and the Warrant Agent may modify this Agreement with respect only to holders of Class A Warrants for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement with respect
only to holders of Class A Warrants or modifying in any manner the rights of the holders of the Class A Warrants; provided, that any Class A Warrants held by the Company, any subsidiaries of the Company, or any
affiliates of any of the foregoing shall be disregarded from the determination as to whether the requisite holders of Class A Warrants have consented to any such modification. 

(c) In addition to the foregoing, with the consent of holders of not less than 50% of the issued and outstanding Class B Warrants, the
Company and the Warrant Agent may modify this Agreement with respect only to holders of Class B Warrants for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement with respect
only to holders of Class B Warrants or modifying in any manner the rights of the holders of the Class B Warrants; provided, that any Class B Warrants held by the Company, any subsidiaries of the Company, or any
affiliates of any of the foregoing shall be disregarded from the determination as to whether the requisite holders of Class B Warrants have consented to any such modification. 

Section 18. Successors. All covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent
shall bind and inure to the benefit of their respective successors and assigns hereunder. 
 Section 19. Benefits of this
Agreement. Nothing in this Agreement shall be construed to give any Person other than the Company, the Warrant Agent and the holders of Warrants any legal or equitable right, remedy or claim under this Agreement; but this Agreement shall be for
the sole and exclusive benefit of the Company, the Warrant Agent and the holders of Warrants. 
 Section 20. Governing Law. This
Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect to the conflicts of law principles thereof. 

  
 9 

 Section 21. Counterparts. This Agreement may be executed in any number of
counterparts and each of such counterpart shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 

Section 22. Captions. The captions of the sections of this Agreement have been inserted for convenience only and shall not control
or affect the meaning or construction of any of the provisions hereof. 
 Section 23. Force Majeure. Notwithstanding anything to
the contrary contained herein, the Warrant Agent shall not be liable for any delays or failures in performance resulting from acts beyond its reasonable control including, without limitation, acts of God, terrorist acts, shortage of supply,
breakdowns or malfunctions, interruptions or malfunction of computer facilities, or loss of data due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war, or civil unrest. 

[Signature pages to follow.] 

  
 10 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the day and year first above written. 
  

			
	FRANK’S INTERNATIONAL N.V.

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 [Signature Page to Warrant Agreement] 

 
			
	CORTLAND CAPITAL MARKET SERVICES LLC

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 [Signature Page to Warrant Agreement] 

 EXHIBIT A 

FORM OF CLASS A WARRANT CERTIFICATE 

[See attached] 

  
 A-1 

 WARRANT NO.__________ 

CLASS A WARRANT 
 TO
PURCHASE SHARES OF COMMON STOCK, PAR VALUE €[0.01]1 PER SHARE, 
 OF

 FRANK’S INTERNATIONAL N.V. 

This warrant certificate (the “Warrant Certificate”) certifies that [warrant holder], a [__________ entity], or
its registered assigns (the “Holder”), is the owner of [______________] Warrants (the “Warrants”), each of which entitles the Holder to purchase from FRANK’S INTERNATIONAL N.V., a public company
organized under the laws of the Netherlands (the “Company”), one fully paid, duly authorized and non-assessable share of Common Stock, par value €[0.01] per share, of the Company (the
“Common Stock”), at any time or from time to time on or before 5:00 p.m., New York City time, on February 5, 2023, at an exercise price of $[____]2 per share (subject to
adjustment in Section 2, the “Exercise Price”), all on the terms and subject to the conditions hereinafter set forth. 

The number of shares of Common Stock issuable upon exercise of each such Warrant (the “Number Issuable”), which is initially
one (1) share of Common Stock, is subject to adjustment from time to time pursuant to the provisions of Section 2 of this Warrant Certificate. 

Capitalized terms used herein but not otherwise defined shall have the meanings given them in Section 11 hereof.

 Section 1. Exercise of Warrant. Subject to the last paragraph of this Section 1 hereof, the
Warrants evidenced hereby may be exercised, in whole or in part, by the Holder at any time or from time to time on or before 5:00 p.m., New York City time, on February 5, 2023 (the “Exercise Period”), upon delivery to the
Company at the registered office of the Company, of: (a) only if an original counterpart of this Warrant Certificate is actually physically delivered to the Holder, this Warrant Certificate or an affidavit of loss (accompanied by any indemnity,
medallion guarantee or other undertaking or assurance reasonably requested from the Holder by the Company, its transfer agent or the Warrant Agent) if the Holder does not have possession of this Warrant Certificate at the time of exercise,
(b) a written Notice stating that such holder elects to exercise all or a specified number of Warrants evidenced hereby in accordance with the provisions of this Section 1 and specifying the name or names in which such
holder wishes the certificate or certificates for shares of Common Stock to be issued (if certificated) and (c) payment of the Exercise Price for the shares of Common Stock issuable upon exercise of such Warrants. Such Exercise Price shall be
payable (i) by wire transfer or a certified or official bank check payable to the order of the Company or (ii) by electing (without the payment of the Exercise Price in cash) that the Company deduct from the number of shares of Common
Stock otherwise to be delivered 
  
  

	1 	 Par value per share to be revised based on reverse stock split and Articles Amendment to be adopted in
connection with the Merger. 

	2 	 Exercise Price to equal the par value of the Common Stock.

  
 1 

 
to the Holder upon exercise of the Warrants a number of shares of Common Stock equal to the quotient obtained by dividing (x) the aggregate Exercise Price to be paid by (y) the Market
Price of one share of Common Stock on the Business Day which next precedes the day of exercise of the Warrant. An exercise of a Warrant in accordance with clause (ii) is herein referred to as a “Cashless Exercise,” and the
Holder shall specify in the written notice provided pursuant to this Section 1 that it is electing to make a Cashless Exercise. The documentation and consideration, if any, delivered in accordance with subsections (a), (b)
and (c) of this paragraph are collectively referred to herein as the “Warrant Exercise Documentation.” 
 As
promptly as practicable, and in any event within five Business Days after receipt of the Warrant Exercise Documentation, the Company shall: (a) (i) to the extent that the Company’s transfer agent (the “Transfer Agent”) is
participating in The Depositary Trust Company (“DTC”) Fast Automated Securities Transfer Program, upon the request of the Holder of the Warrants, credit such aggregate number of shares of Common Stock to which such holder is
entitled pursuant to such exercise to such holder’s or its designee’s balance account with DTC through its Deposit Withdrawal Agent Commission system, or (ii) deliver or cause to be delivered, if the Transfer Agent is not
participating in the DTC Fast Automated Securities Transfer Program, the certificates, if certificated, or if not certificated then in book-entry form at the Transfer Agent, representing the number of validly issued, fully paid and non-assessable shares of Common Stock properly specified in the Warrant Exercise Documentation, (b) if applicable, deliver or cause to be delivered cash in lieu of any fraction of a share of Common Stock, as
hereinafter provided, and (c) if less than the full number of Warrants evidenced hereby are being exercised, deliver or cause to be delivered a new warrant certificate or certificates, of like tenor, for the number of Warrants evidenced by this
Warrant Certificate, less the number of Warrants then being exercised. Such exercise shall be deemed to have been made at the close of business on the date of delivery of all of the Warrant Exercise Documentation so that, to the extent permitted by
applicable law, the Person entitled to receive shares of Common Stock upon such exercise shall be treated for all purposes as having become the record holder of such shares of Common Stock at such time. No such surrender shall be effective to
constitute the Person entitled to receive such shares of Common Stock as the record holder thereof while the transfer books of the Company for Common Stock are closed for any purpose (but not for any period in excess of five days), but any such
surrender of this Warrant Certificate for exercise during any period while such books are so closed shall become effective for exercise immediately upon the reopening of such books, as if the exercise had been made on the date this Warrant
Certificate was surrendered and for the Number Issuable of shares of Common Stock specified in the Warrant Exercise Documentation and at the Exercise Price. 

Any exercise of the Warrants evidenced hereby may be conditioned upon the occurrence of an event or transaction that is specified in a written
notice of exercise provided by or on behalf of the Holder pursuant to this Section 1, provided that such conditional exercise is only permitted with respect to events for which notice was required to be provided to the
Holder by or on behalf of the Company pursuant to Section 3 hereof. Such conditional exercise shall be deemed revoked if such event or transaction does not occur on the date, or within the dates, specified in the applicable
notice provided by or on behalf of the Company pursuant to Section 3 hereof (if such a notice was provided).The holder may rescind the exercise of the Warrant or Warrants at any time prior to the consummation of such
transaction or event. 

  
 2 

 The Company shall pay all expenses in connection with, and all taxes and other governmental
charges (other than income taxes of the Holder) that may be imposed in respect of, the issue or delivery of any shares of Common Stock issuable upon the exercise of the Warrants evidenced hereby. The Company shall not be required, however, to pay
any tax or other charge imposed in connection with any transfer involved in the issue of any shares of Common Stock in any name other than that of the Holder. 

In connection with the exercise of any Warrants evidenced hereby, no fractions of shares of Common Stock shall be issued, but in lieu thereof
the Company shall pay a cash adjustment in respect of such fractional interest in an amount equal to such fractional interest multiplied by the Market Price of a share of Common Stock on the Business Day which next precedes the day of exercise. If
more than one such Warrant shall be exercised by the Holder thereof at the same time, the number of full shares of Common Stock issuable on such exercise shall be computed on the basis of the total number of Warrants so exercised. 

Section 2. Adjustments. 

(a) Adjustment of Number Issuable and/or the Exercise Price. The Number Issuable and/or the Exercise Price shall be
subject to adjustment from time to time as follows: 
 (i) In case the Company shall at any time or from time to time after
the Issue Date: 
 (A) pay a dividend or make a distribution on the outstanding shares of Common Stock in Common Stock; 

(B) effect a forward split or subdivision of the outstanding shares of Common Stock into a larger number of shares of Common
Stock; or 
 (C) effect a reverse split or combination of the outstanding shares of Common Stock into a smaller number of
shares of Common Stock; 
 then, and in each such case of any of the events described in clauses (A) through (C) above,
(I) the Exercise Price shall be adjusted to be equal to the product of (x) the Exercise Price immediately prior to the occurrence of such event and (y) a fraction (1) the numerator of which is the number of shares of Common Stock
outstanding as of immediately prior to the occurrence of such event and (2) the denominator of which is the number of shares of Common Stock outstanding immediately after the occurrence of such event, and (ii) the Number Issuable in effect
immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Company to effect such adjustment) so that the shares of Common Stock issuable upon exercise of a Warrant immediately after the occurrence of
any such event shall equal the number of shares of Common Stock obtained by multiplying (x) the Number Issuable immediately prior to the occurrence of such event by (y) a fraction (1) the numerator of which is the Exercise

  
 3 

 
Price immediately prior to the adjustment in Section 2(a)(i)(I) above and (2) the denominator of which is the Exercise Price immediately after the adjustment in
Section 2(a)(i)(I) above. An adjustment made pursuant to this Section 2(a)(i) shall become effective retroactively (x) in the case of any such dividend or distribution, to a date immediately
following the close of business on the record date for the determination of holders of Common Stock entitled to receive such dividend or distribution, or (y) in the case of any such split, subdivision or combination, to the close of business on
the date upon which such action becomes effective. 
 (ii) In case the Company shall at any time or from time to time after
the Issue Date distribute to all holders of Common Stock (including any such distribution made in connection with a consolidation or merger in which the Company is the resulting or surviving entity and the Common Stock are not changed or exchanged)
cash, evidences of indebtedness of the Company or another issuer, securities of the Company or another issuer or other assets (excluding dividends or other distributions of shares of Common Stock for which adjustment is made under
Section 2(a)(i)) or property or rights, options, securities or warrants to subscribe for or purchase securities of the Company or another issuer (excluding those in respect of which an adjustment in the Number Issuable is
made pursuant to Section 2(a)(i) or Section 2(a)(iv)) (each, a “Distribution”), then, and in each such case, (I) the Exercise Price shall be decreased to the Exercise Price
determined by multiplying (x) the Exercise Price in effect immediately prior to the Distribution by (y) a fraction, (1) the numerator of which is an amount equal to (A) the Market Price of a share of Common Stock on the second
Business Day preceding the first date on which the Common Stock trade regular way without the right to receive such Distribution minus (B) the Fair Market Value of the Distribution (determined as of the date of such Distribution) applicable to
one share of Common Stock and (2) the denominator of which is the Market Price of a share of Common Stock on the second Business Day preceding the first date on which the Common Stock trades regular way without the right to receive such
Distribution; and (ii) the Number Issuable in effect immediately prior to such Distribution shall be increased (and any other appropriate actions shall be taken by the Company to effect such increase) so that the number of shares of Common
Stock issuable upon exercise of a Warrant immediately after such Distribution shall equal the number of shares of Common Stock obtained by dividing (x) the shares of Common Stock issuable upon exercise of a Warrant immediately prior to such
Distribution by (y) the fraction described in Section 2(a)(ii)(I)(y) above. Such adjustment shall be made whenever any such Distribution is made and shall become effective retroactively to a date immediately following
the close of business on the record date for the determination of shareholders entitled to receive such Distribution. 

(iii) In case the Company shall at any time or from time to time after the Issue Date make any payment or distribution in
respect of any tender offer or exchange offer for shares of Common Stock where the Fair Market Value of the consideration per share of Common Stock when paid by the Company exceeds the Market Price of a share of Common Stock acquired in such tender
offer or exchange offer as of the Business Day immediately preceding the first public announcement 

  
 4 

 
of the tender offer or exchange offer (the aggregate excess amount for all Common Stock acquired in such tender offer or exchange offer, the “Excess Tender Amount”), then, and in
each such case, (I) the Exercise Price to be in effect after the tender offer or exchange offer expires shall be decreased to the Exercise Price determined by multiplying (x) the Exercise Price in effect immediately prior to the close of
business on the expiration date of the tender offer or exchange offer (the “Offer Expiration Date”) by (y) a fraction, (1) the numerator of which is (A) the Market Price of a share of Common Stock on the Business Day
immediately preceding the first public announcement of the tender offer or exchange offer, minus (B) the Excess Tender Amount divided by the number of shares of Common Stock outstanding immediately after the expiration of the tender offer or
exchange offer (after giving effect to the purchase or exchange of Common Stock), and (2) the denominator of which is the Market Price of a share of Common Stock on the Business Day immediately preceding the first public announcement of the
tender offer or exchange offer; and (ii) the Number Issuable shall be increased (and any other appropriate actions shall be taken by the Company to effect such increase) so that the number of shares of Common Stock issuable upon exercise of a
Warrant immediately after the occurrence of such exchange offer or tender offer shall equal the number of shares of Common Stock obtained by dividing (x) the number of shares of Common Stock issuable upon exercise of a Warrant immediately prior
to the close of business on the Offer Expiration Date by (y) a fraction, the numerator of which shall be the Exercise Price in effect immediately after such adjustment and the denominator of which shall be the Exercise Price in effect
immediately before such adjustment. Such adjustment shall be made whenever any such exchange offer or tender offer is consummated. 

(iv) In case the Company shall at any time or from time to time after the Issue Date distribute to all holders of Common Stock
any rights, options or warrants entitling them to purchase, for a period of not more than sixty (60) days after the first date on which the Common Stock trade regular way without the right to receive such distribution (such date, the “Ex-Dividend Date”), Common Stock for less than the Market Price of a share of Common Stock on the Business Day immediately preceding the first public announcement of such distribution, then, and in each
such case, (I) the Exercise Price shall be decreased to the Exercise Price determined by multiplying (x) the Exercise Price in effect immediately prior to the close of business on the Ex-Dividend
Date, by (y) a fraction, (1) the numerator of which is (A) the number of shares of Common Stock outstanding immediately prior to the open of business on the Ex-Dividend Date plus (B) the
number of shares of Common Stock equal to the quotient obtained by dividing the aggregate exercise price payable to exercise all such rights, options or warrants by the Market Price of a share of Common Stock on the Business Day immediately
preceding the first public announcement of such distribution, and (2) the denominator of which is (A) the shares of Common Stock outstanding immediately prior to the open of business on the
Ex-Dividend Date plus (B) the shares of Common Stock issuable pursuant to such rights, options or warrants, and (ii) the Number Issuable shall be increased (and any other appropriate actions shall be
taken by the Company to effect such increase) so that the number of shares of Common Stock issuable upon 

  
 5 

 
exercise of a Warrant immediately after the occurrence of such distribution shall equal the number of shares of Common Stock obtained by dividing (x) the shares of Common Stock issuable upon
exercise of a Warrant immediately prior to the close of business on the Ex-Dividend Date by (y) a fraction, the numerator of which shall be the Exercise Price in effect immediately after such adjustment
and the denominator of which shall be the Exercise Price in effect immediately before such adjustment. Such adjustment shall be made whenever any such distribution is consummated. 

(v) All calculations under this Section 2 shall be made to the nearest
one- tenth of a cent or to the nearest one-hundredth of a share, as the case may be. Notwithstanding anything herein to the contrary, no adjustment under this
Section 2(a) need be made to the Number Issuable and/or the Exercise Price unless such adjustment would require an increase or decrease of at least 1% of the Number Issuable and/or the Exercise Price then in effect. Any
lesser adjustment shall be carried forward and shall be made at the time of and together with the next subsequent adjustment, which, together with any adjustment or adjustments so carried forward, shall amount to an increase or decrease of at least
1% of such Number Issuable and/or the Exercise Price. Any adjustment to the Number Issuable and/or the Exercise Price carried forward and not theretofore made shall be made immediately prior to the exercise of any Warrants pursuant hereto or any
adjustment or redemption of any Warrants pursuant to Section 2(b). 
 (vi) The Company shall
deliver to the Holder promptly following the occurrence of any event or the consummation of any transaction which would result in an increase or decrease in the Number Issuable and/or the Exercise Price pursuant to this
Section 2 a notice thereof, together with a certificate, signed by the Chief Executive Officer, a Vice-President, by the Treasurer or an Assistant Treasurer or the Secretary or an Assistant Secretary of the Company, setting
forth in reasonable detail the event or transaction requiring the adjustment and the method by which such adjustment was calculated and specifying the increased or decreased Number Issuable and/or the Exercise Price then in effect following such
adjustment. 
 (vii) Notwithstanding anything to the contrary contained in this Section 2(a), the
Company shall be entitled to make such upward adjustments in the Number Issuable, in addition to those otherwise required by this Section 2(a), as the board of directors of the Company in its discretion shall determine to
be advisable in order that any stock dividend, split, subdivision or combination of shares, distribution of rights or warrants to purchase shares, stock or securities or distribution of securities convertible into or exchangeable for shares of
Common Stock hereafter made the Company to its shareholders shall not be taxable; provided, however, that any such adjustment shall treat all Holders of Warrants with similar protections on an equal basis. 

  
 6 

 (b) Reorganization; Reclassification; Consolidation; Merger or Sale of
Assets. In case of any capital reorganization or reclassification or other change of outstanding shares of Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a
split, subdivision or combination), or in case of any consolidation or merger of the Company with or into another Person (other than a consolidation or merger in which the Company is the resulting or surviving Person and which does not result in any
reclassification or change of outstanding Common Stock), or in case of any sale or other disposition to another Person of all or substantially all of the assets of the Company, other than a sale/leaseback, mortgage or other similar financing
transaction (any of the foregoing, a “Transaction”), the Company shall not effect any such Transaction, unless, at the Company’s option, the Company, or such successor Person or transferee of the Company, as the case may be,
shall make appropriate provision by amendment of the Warrant Agreement or by the successor Person or transferee executing a replacement warrant agreement so that the Holder of each such Warrant then outstanding shall have the right at any time after
the consummation of such Transaction, upon exercise or conversion of the Warrant (in lieu of the number of shares of Common Stock theretofore deliverable) to only receive the kind and amount of securities, cash and other property receivable upon
such Transaction as would be received by a Holder of the number of shares of Common Stock issuable upon exercise or conversion of the Warrant immediately prior to such Transaction (calculated assuming (i) a Cashless Exercise of all of the
Warrants held by such Holder and (ii) such holder of Common Stock did not exercise its rights of election, if any, as to the kind or amount of securities, cash and other property receivable upon such Transaction). The provisions of this
Section 2(b) similarly shall apply to successive Transactions. 
 Section 3. Notice of Certain Events.
In case at any time or from time to time there shall be any Transaction, then the Company shall mail to each Holder at such Holder’s address as it appears on the transfer books of the Company, as promptly as practicable but in any event at
least 10 days prior to the applicable date hereinafter specified, a notice stating the date on which such Transaction is expected to become effective and the date as of which it is expected that the holders of the shares of Common Stock of record
shall be entitled to exchange their shares of Common Stock for shares, stock or other securities or property or cash deliverable upon such reorganization, reclassification, consolidation, merger, sale, conveyance, dissolution, liquidation or winding
up. Until such time that the Company publicly discloses the information that is the subject of any notice provided pursuant to this Section 3, the Holder shall keep (and shall cause its agents and Affiliates to keep) such
notice and its contents confidential and shall not publicly disclose (and shall cause its agents and Affiliates not to publicly disclose) such notice or its contents to any person (provided that the Holder may disclose such notice and its contents
to its agents, Affiliates and advisors for the purpose of seeking financial, legal or other advice reasonably related to such notice and its contents, and the Holder and its agents, Affiliates and advisors may disclose such notice and its contents
as may be required by law, regulation or court order). 
 Section 4. Certain Covenants. 

(a) Authorized Shares. The Company covenants and agrees that all shares of capital stock of the Company which may be
issued upon the exercise of the Warrants evidenced hereby will be duly authorized, validly issued and fully paid and non-assessable upon issuance and will be free and clear of all liens and will not be subject
to any pre-emptive or similar rights. The Company shall at all times reserve and keep available solely for issuance upon the exercise of the Warrants, such number of its authorized but unissued shares of
Common Stock as will from time to time be sufficient to permit the exercise of all outstanding Warrants, and shall take all action required to increase the authorized number of shares of Common Stock if at any time there shall be insufficient
authorized but unissued shares of Common Stock to permit such reservation or to permit the exercise of all outstanding Warrants. 

  
 7 

 (b) No Impairment. The Company will not, by amendment of its charter
or through reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all
times in good faith assist in the carrying out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the Holder of this Warrant against impairment. Without limiting the generality
of the foregoing, the Company will (i) not increase the par value of any shares of Common Stock obtainable upon the exercise of this Warrant and (ii) take all such actions as may be necessary or appropriate in order that the Company may
validly and legally issue fully paid and non-assessable shares of Common Stock upon the exercise of this Warrant. 

Section 5. Registered Holder. The person in whose name this Warrant Certificate is registered shall be deemed the owner hereof and
of the Warrants evidenced hereby for all purposes. The Holder of this Warrant Certificate, in its capacity as such, shall not be entitled to any rights whatsoever as a shareholder of the Company, except as herein provided. 

Section 6. Certain Transfer and Exercise Provisions. Any transfer of the rights represented by this Warrant Certificate shall be
effected by (i) only if an original counterpart of this Warrant Certificate is actually physically delivered to the Holder, the surrender of this Warrant Certificate and (ii) delivery of the form of assignment attached hereto as
Exhibit A, properly completed and executed by the Holder hereof, at the registered office of the Company. Thereupon, the Company shall issue in the name or names specified by the Holder hereof and, in the event of a partial
transfer, in the name of the Holder hereof, a new warrant certificate or certificates evidencing the right to purchase such number of shares of Common Stock as shall be equal to the then applicable Number Issuable. 

Section 7. Denominations. The Company covenants that it will, at its expense, promptly upon surrender of this Warrant Certificate
at the registered office of the Company, execute and deliver to the Holder a new warrant certificate or certificates in denominations specified by such Holder for an aggregate number of Warrants equal to the number of Warrants evidenced by this
Warrant Certificate. 
 Section 8. Replacement of Warrants. Upon receipt of evidence satisfactory to the Company of the loss,
theft, destruction or mutilation of this Warrant Certificate and, in the case of loss, theft or destruction, upon delivery of an indemnity reasonably satisfactory to the Company and the Transfer Agent (in the case of an institutional investor, its
own unsecured indemnity agreement shall be deemed to be reasonably satisfactory), or, in the case of mutilation, upon surrender and cancellation thereof, the Company will issue a new warrant certificate of like tenor for a number of Warrants equal
to the number of Warrants evidenced by this Warrant Certificate. 

  
 8 

 Section 9. Governing Law. THIS WARRANT CERTIFICATE SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE. 

Section 10. Rights Inure to Registered Holder. The Warrants evidenced by this Warrant Certificate will inure to the benefit of and
be binding upon the Holder and the Company and their respective successors and permitted assigns. Nothing in this Warrant Certificate shall be construed to give to any Person other than the Company and the Holder any legal or equitable right, remedy
or claim under this Warrant Certificate, and this Warrant Certificate shall be for the sole and exclusive benefit of the Company and such Holder. Nothing in this Warrant Certificate shall be construed to give the Holder any rights as a holder of
shares of Common Stock until such time, if any, as the Warrants evidenced by this Warrant Certificate are exercised in accordance with the provisions hereof. 

Section 11. Definitions. For the purposes of this Warrant Certificate, the following terms shall have the meanings indicated
below: 
 “Affiliate” means with respect to any specified Person, any other Person directly or indirectly Controlling,
Controlled by or under direct or indirect common Control with such specified Person. 
 “Business Day” means any day other
than a Saturday, Sunday or a day on which banking institutions in the City of New York or at a place of payment are authorized by law, regulation or executive order to remain closed. 

“Cashless Exercise” has the meaning given it in Section 1. 

“Common Stock” means the shares of common stock of the Company. 

“Company” has the meaning given it in the first paragraph hereof. 

“Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and the
policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 
 “Distribution” has
the meaning given it in Section 2(a)(ii). 
 “DTC” has the meaning given it in
Section 1. 
 “Exercise Price” has the meaning given it in the first paragraph hereof. 

“Exercise Period” has the meaning given it in Section 1. 

“Fair Market Value” means (a) in the case of cash, the amount of such cash, (b) in the case of a security, the
Market Price of such security, or (c) in the case of any assets or property, the amount which a willing buyer, under no compulsion to buy, would pay a willing seller, under no compulsion to sell, in an
arm’s-length transaction but in all events without application of any minority, illiquidity, transfer or voting restriction, or similar discounts or reductions. 

  
 9 

 “Holder” has the meaning given it in the first paragraph hereof. 

“Issue Date” means [______], 2021. 

“Market Price” of each share of Common Stock or any other securities on any date of determination means the per share
volume-weighted average price as displayed on Bloomberg (or any successor service) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such date of determination (or if
such volume-weighted average price is unavailable or is not so displayed, the Fair Market Value per share of Common Stock (as determined by reference to the methodology described in clause (c) of such definition) on such date of
determination, as determined by the Company in good faith). 
 “Number Issuable” has the meaning given it in the second
paragraph hereof. 
 “Person” means any individual, corporation, limited liability company, partnership, trust,
incorporated or unincorporated association, joint venture, joint stock company, government (or an agency or political subdivision thereof) or other entity of any kind. 

“Transaction” has the meaning given it in Section 2(b). 

“Transfer” means any voluntary or involuntary attempt to, directly or indirectly through the transfer of interests in
controlled Affiliates or otherwise, sell, assign, transfer, grant a participation in, pledge or otherwise dispose of any Warrants, or the consummation of any such transaction, or taking a pledge of, any of the Warrants; provided, however, that a
transaction that is a pledge shall not be deemed to be a Transfer, but a foreclosure pursuant thereto shall be deemed to be a Transfer. The term “Transferred” shall have a correlative meaning. 

“Transfer Agent” has the meaning given it in Section 1. 

“Warrant Agreement” shall mean that certain Warrant Agreement, dated as of [______], 2021, between the Company and Cortland
Capital Market Services LLC. 
 “Warrants” have the meaning given it in the first paragraph hereof. 

“Warrant Certificate” has the meaning given it in the first paragraph hereof. 

“Warrant Exercise Documentation” has the meaning given it in Section 1. 

Section 12. Notices. All notices, demands and other communications provided for or permitted hereunder shall be made in writing
and shall be by registered or certified first-class mail, return receipt requested, courier services or personal delivery, (a) if to the holder of a Warrant, at such holder’s last known address appearing on the transfer books of the
Company; and (b) if to the Company, at its registered office located at the address designated for notices in the Warrant Agreement, or such other address as shall have been furnished to the party given or making such notice, demand or other
communication. All such notices and communications shall be deemed to have been duly given: when delivered by hand, if personally delivered: one Business Day following the date delivered to a courier with overnight delivery requested if delivered by
a recognized commercial overnight courier service guaranteeing next Business Day delivery; and three Business Days after being deposited in the mail, postage prepaid, if mailed. 

  
 10 

 IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be duly executed as
of the Issue Date. 
  

			
	FRANK’S INTERNATIONAL N.V.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [Warrant Certificate Signature Page] 

 Exhibit A to the Class A Warrant Certificate 

[Form of Assignment Form] 
 [To be
executed upon assignment of Warrants] 
 The undersigned hereby assigns and transfers this Warrant Certificate to __________ whose Social
Security Number or Tax ID Number is __________ and whose record address is __________, and irrevocably appoints __________ as agent to transfer this security on the books of the Company. Such agent may substitute another to act for such agent. 

 

	
	Signature:
	  

	
	Signature Guarantee:
	  

 Date:_______________ 

 EXHIBIT B 

FORM OF CLASS B WARRANT CERTIFICATE [SEE ATTACHED] 

  
 B-1 

 WARRANT NO.____________ 

CLASS B WARRANT 
 TO
PURCHASE SHARES OF COMMON STOCK, PAR VALUE €[0.01] PER SHARE, 
 OF 

FRANK’S INTERNATIONAL N.V. 

This warrant certificate (the “Warrant Certificate”) certifies that [warrant holder], a [__________ entity], or
its registered assigns (the “Holder”), is the owner of [_____________ ] Warrants (the “Warrants”), each of which entitles the Holder to purchase from FRANK’S INTERNATIONAL N.V., a public company
organized under the laws of the Netherlands (the “Company”), one fully paid, duly authorized and non-assessable share of Common Stock, par value €[0.01] per share, of the Company (the
“Common Stock”), at any time or from time to time on or before 5:00 p.m., New York City time, on February 5, 2023, at an exercise price of $[____]3 per share (subject to
adjustment in Section 2, the “Exercise Price”), all on the terms and subject to the conditions hereinafter set forth. 

The number of shares of Common Stock issuable upon exercise of each such Warrant (the “Number Issuable”), which is initially
one (1) share of Common Stock, is subject to adjustment from time to time pursuant to the provisions of Section 2 of this Warrant Certificate. 

Capitalized terms used herein but not otherwise defined shall have the meanings given them in Section 11 hereof. 

Section 1. Exercise of Warrant. Subject to the last paragraph of this Section 1 hereof, the
Warrants evidenced hereby may be exercised, in whole or in part, by the Holder at any time or from time to time on or before 5:00 p.m., New York City time, on February 5, 2023 (the “Exercise Period”), upon delivery to the
Company at the registered office of the Company, of: (a) only if an original counterpart of this Warrant Certificate is actually physically delivered to the Holder, this Warrant Certificate or an affidavit of loss (accompanied by any indemnity,
medallion guarantee or other undertaking or assurance reasonably requested from the Holder by the Company, its transfer agent or the Warrant Agent) if the Holder does not have possession of this Warrant Certificate at the time of exercise,
(b) a written Notice stating that such holder elects to exercise all or a specified number of Warrants evidenced hereby in accordance with the provisions of this Section 1 and specifying the name or names in which such
holder wishes the certificate or certificates for shares of Common Stock to be issued (if certificated) and (c) payment of the Exercise Price for the shares of Common Stock issuable upon exercise of such Warrants. Such Exercise Price shall be
payable (i) by wire transfer or a certified or official bank check payable to the order of the Company or (ii) by electing (without the payment of the Exercise Price in cash) that the Company deduct from the number of shares of Common
Stock otherwise to be delivered to the Holder upon exercise of the Warrants a number of shares of Common Stock equal to the 
  

	3 	 Exercise Price to equal the par value of the Common Stock.

  
 1 

 
quotient obtained by dividing (x) the aggregate Exercise Price to be paid by (y) the Market Price of one share of Common Stock on the Business Day which next precedes the day of
exercise of the Warrant. An exercise of a Warrant in accordance with clause (ii) is herein referred to as a “Cashless Exercise,” and the Holder shall specify in the written notice provided pursuant to this
Section 1 that it is electing to make a Cashless Exercise. The documentation and consideration, if any, delivered in accordance with subsections (a), (b) and (c) of this paragraph are collectively referred to
herein as the “Warrant Exercise Documentation.” 
 As promptly as practicable, and in any event within five Business Days
after receipt of the Warrant Exercise Documentation, the Company shall: (a) (i) to the extent that the Company’s transfer agent (the “Transfer Agent”) is participating in The Depositary Trust Company
(“DTC”) Fast Automated Securities Transfer Program, upon the request of the Holder of the Warrants, credit such aggregate number of shares of Common Stock to which such holder is entitled pursuant to such exercise to such
holder’s or its designee’s balance account with DTC through its Deposit Withdrawal Agent Commission system, or (ii) deliver or cause to be delivered, if the Transfer Agent is not participating in the DTC Fast Automated Securities
Transfer Program, the certificates, if certificated, or if not certificated then in book-entry form at the Transfer Agent, representing the number of validly issued, fully paid and non-assessable shares of
Common Stock properly specified in the Warrant Exercise Documentation, (b) if applicable, deliver or cause to be delivered cash in lieu of any fraction of a share of Common Stock, as hereinafter provided, and (c) if less than the full
number of Warrants evidenced hereby are being exercised, deliver or cause to be delivered a new warrant certificate or certificates, of like tenor, for the number of Warrants evidenced by this Warrant Certificate, less the number of Warrants then
being exercised. Such exercise shall be deemed to have been made at the close of business on the date of delivery of all of the Warrant Exercise Documentation so that, to the extent permitted by applicable law, the Person entitled to receive shares
of Common Stock upon such exercise shall be treated for all purposes as having become the record holder of such shares of Common Stock at such time. No such surrender shall be effective to constitute the Person entitled to receive such shares of
Common Stock as the record holder thereof while the transfer books of the Company for Common Stock are closed for any purpose (but not for any period in excess of five days), but any such surrender of this Warrant Certificate for exercise during any
period while such books are so closed shall become effective for exercise immediately upon the reopening of such books, as if the exercise had been made on the date this Warrant Certificate was surrendered and for the Number Issuable of shares of
Common Stock specified in the Warrant Exercise Documentation and at the Exercise Price. 
 Any exercise of the Warrants evidenced hereby may
be conditioned upon the occurrence of an event or transaction that is specified in a written notice of exercise provided by or on behalf of the Holder pursuant to this Section 1, provided that such conditional exercise is
only permitted with respect to events for which notice was required to be provided to the Holder by or on behalf of the Company pursuant to Section 3 hereof. Such conditional exercise shall be deemed revoked if such event
or transaction does not occur on the date, or within the dates, specified in the applicable notice provided by or on behalf of the Company pursuant to Section 3 hereof (if such a notice was provided).The holder may rescind
the exercise of the Warrant or Warrants at any time prior to the consummation of such transaction or event. 

  
 2 

 The Company shall pay all expenses in connection with, and all taxes and other governmental
charges (other than income taxes of the Holder) that may be imposed in respect of, the issue or delivery of any shares of Common Stock issuable upon the exercise of the Warrants evidenced hereby. The Company shall not be required, however, to pay
any tax or other charge imposed in connection with any transfer involved in the issue of any shares of Common Stock in any name other than that of the Holder. 

In connection with the exercise of any Warrants evidenced hereby, no fractions of shares of Common Stock shall be issued, but in lieu thereof the Company
shall pay a cash adjustment in respect of such fractional interest in an amount equal to such fractional interest multiplied by the Market Price of a share of Common Stock on the Business Day which next precedes the day of exercise. If more than one
such Warrant shall be exercised by the Holder thereof at the same time, the number of full shares of Common Stock issuable on such exercise shall be computed on the basis of the total number of Warrants so exercised. 

Section 2. Adjustments. 

(a) Adjustment of Number Issuable and/or the Exercise Price. The Number Issuable and/or the Exercise Price shall be subject to
adjustment from time to time as follows: 
 (i) In case the Company shall at any time or from time to time after the Issue
Date: 
 (A) pay a dividend or make a distribution on the outstanding shares of Common Stock in Common Stock; 

(B) effect a forward split or subdivision of the outstanding shares of Common Stock into a larger number of shares of Common
Stock; or 
 (C) effect a reverse split or combination of the outstanding shares of Common Stock into a smaller number of
shares of Common Stock; 
 then, and in each such case of any of the events described in clauses (A) through (C) above,
(I) the Exercise Price shall be adjusted to be equal to the product of (x) the Exercise Price immediately prior to the occurrence of such event and (y) a fraction (1) the numerator of which is the number of shares of Common Stock
outstanding as of immediately prior to the occurrence of such event and (2) the denominator of which is the number of shares of Common Stock outstanding immediately after the occurrence of such event, and (ii) the Number Issuable in effect
immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Company to effect such adjustment) so that the shares of Common Stock issuable upon exercise of a Warrant immediately after the occurrence of
any such event shall equal the number of shares of Common Stock obtained by multiplying (x) the Number Issuable immediately prior to the occurrence of such event by (y) a fraction (1) the numerator of which is the Exercise Price
immediately prior to the adjustment in Section 2(a)(i)(I) above and (2) the denominator of which is the Exercise Price immediately after the adjustment in 

  
 3 

 
Section 2(a)(i)(I) above. An adjustment made pursuant to this Section 2(a)(i) shall become effective retroactively (x) in the case of any
such dividend or distribution, to a date immediately following the close of business on the record date for the determination of holders of Common Stock entitled to receive such dividend or distribution, or (y) in the case of any such split,
subdivision or combination, to the close of business on the date upon which such action becomes effective. 
 (ii) In case
the Company shall at any time or from time to time after the Issue Date distribute to all holders of Common Stock (including any such distribution made in connection with a consolidation or merger in which the Company is the resulting or surviving
entity and the Common Stock are not changed or exchanged) cash, evidences of indebtedness of the Company or another issuer, securities of the Company or another issuer or other assets (excluding dividends or other distributions of shares of Common
Stock for which adjustment is made under Section 2(a)(i)) or property or rights, options, securities or warrants to subscribe for or purchase securities of the Company or another issuer (excluding those in respect of which
an adjustment in the Number Issuable is made pursuant to Section 2(a)(i) or Section 2(a)(iv)) (each, a “Distribution”), then, and in each such case, (I) the Exercise Price
shall be decreased to the Exercise Price determined by multiplying (x) the Exercise Price in effect immediately prior to the Distribution by (y) a fraction, (1) the numerator of which is an amount equal to (A) the Market Price of
a share of Common Stock on the second Business Day preceding the first date on which the Common Stock trade regular way without the right to receive such Distribution minus (B) the Fair Market Value of the Distribution (determined as of the
date of such Distribution) applicable to one share of Common Stock and (2) the denominator of which is the Market Price of a share of Common Stock on the second Business Day preceding the first date on which the Common Stock trades regular way
without the right to receive such Distribution; and (ii) the Number Issuable in effect immediately prior to such Distribution shall be increased (and any other appropriate actions shall be taken by the Company to effect such increase) so that
the number of shares of Common Stock issuable upon exercise of a Warrant immediately after such Distribution shall equal the number of shares of Common Stock obtained by dividing (x) the shares of Common Stock issuable upon exercise of a
Warrant immediately prior to such Distribution by (y) the fraction described in Section 2(a)(ii)(I)(y) above. Such adjustment shall be made whenever any such Distribution is made and shall become effective
retroactively to a date immediately following the close of business on the record date for the determination of shareholders entitled to receive such Distribution. 

(iii) In case the Company shall at any time or from time to time after the Issue Date make any payment or distribution in
respect of any tender offer or exchange offer for shares of Common Stock where the Fair Market Value of the consideration per share of Common Stock when paid by the Company exceeds the Market Price of a share of Common Stock acquired in such tender
offer or exchange offer as of the Business Day immediately preceding the first public announcement of the tender offer or exchange offer (the aggregate excess amount for all Common Stock acquired in such tender offer or exchange offer, the
“Excess Tender  

  
 4 

 
Amount”), then, and in each such case, (I) the Exercise Price to be in effect after the tender offer or exchange offer expires shall be decreased to the Exercise Price determined
by multiplying (x) the Exercise Price in effect immediately prior to the close of business on the expiration date of the tender offer or exchange offer (the “Offer Expiration Date”) by (y) a fraction, (1) the
numerator of which is (A) the Market Price of a share of Common Stock on the Business Day immediately preceding the first public announcement of the tender offer or exchange offer, minus (B) the Excess Tender Amount divided by the number
of shares of Common Stock outstanding immediately after the expiration of the tender offer or exchange offer (after giving effect to the purchase or exchange of Common Stock), and (2) the denominator of which is the Market Price of a share of
Common Stock on the Business Day immediately preceding the first public announcement of the tender offer or exchange offer; and (ii) the Number Issuable shall be increased (and any other appropriate actions shall be taken by the Company to
effect such increase) so that the number of shares of Common Stock issuable upon exercise of a Warrant immediately after the occurrence of such exchange offer or tender offer shall equal the number of shares of Common Stock obtained by dividing
(x) the number of shares of Common Stock issuable upon exercise of a Warrant immediately prior to the close of business on the Offer Expiration Date by (y) a fraction, the numerator of which shall be the Exercise Price in effect
immediately after such adjustment and the denominator of which shall be the Exercise Price in effect immediately before such adjustment. Such adjustment shall be made whenever any such exchange offer or tender offer is consummated. 

(iv) In case the Company shall at any time or from time to time after the Issue Date distribute to all holders of Common Stock
any rights, options or warrants entitling them to purchase, for a period of not more than sixty (60) days after the first date on which the Common Stock trade regular way without the right to receive such distribution (such date, the “Ex-Dividend Date”), Common Stock for less than the Market Price of a share of Common Stock on the Business Day immediately preceding the first public announcement of such distribution, then, and in each
such case, (I) the Exercise Price shall be decreased to the Exercise Price determined by multiplying (x) the Exercise Price in effect immediately prior to the close of business on the Ex-Dividend
Date, by (y) a fraction, (1) the numerator of which is (A) the number of shares of Common Stock outstanding immediately prior to the open of business on the Ex-Dividend Date plus (B) the
number of shares of Common Stock equal to the quotient obtained by dividing the aggregate exercise price payable to exercise all such rights, options or warrants by the Market Price of a share of Common Stock on the Business Day immediately
preceding the first public announcement of such distribution, and (2) the denominator of which is (A) the shares of Common Stock outstanding immediately prior to the open of business on the
Ex-Dividend Date plus (B) the shares of Common Stock issuable pursuant to such rights, options or warrants, and (ii) the Number Issuable shall be increased (and any other appropriate actions shall be
taken by the Company to effect such increase) so that the number of shares of Common Stock issuable upon exercise of a Warrant immediately after the occurrence of such distribution shall equal the number of shares of Common Stock obtained by
dividing (x) the shares 

  
 5 

 
of Common Stock issuable upon exercise of a Warrant immediately prior to the close of business on the Ex-Dividend Date by (y) a fraction, the
numerator of which shall be the Exercise Price in effect immediately after such adjustment and the denominator of which shall be the Exercise Price in effect immediately before such adjustment. Such adjustment shall be made whenever any such
distribution is consummated. 
 (v) All calculations under this Section 2 shall be made to the
nearest one- tenth of a cent or to the nearest one-hundredth of a share, as the case may be. Notwithstanding anything herein to the contrary, no adjustment under this
Section 2(a) need be made to the Number Issuable and/or the Exercise Price unless such adjustment would require an increase or decrease of at least 1% of the Number Issuable and/or the Exercise Price then in effect. Any
lesser adjustment shall be carried forward and shall be made at the time of and together with the next subsequent adjustment, which, together with any adjustment or adjustments so carried forward, shall amount to an increase or decrease of at least
1% of such Number Issuable and/or the Exercise Price. Any adjustment to the Number Issuable and/or the Exercise Price carried forward and not theretofore made shall be made immediately prior to the exercise of any Warrants pursuant hereto or any
adjustment or redemption of any Warrants pursuant to Section 2(b). 
 (vi) The Company shall
deliver to the Holder promptly following the occurrence of any event or the consummation of any transaction which would result in an increase or decrease in the Number Issuable and/or the Exercise Price pursuant to this
Section 2 a notice thereof, together with a certificate, signed by the Chief Executive Officer, a Vice-President, by the Treasurer or an Assistant Treasurer or the Secretary or an Assistant Secretary of the Company, setting
forth in reasonable detail the event or transaction requiring the adjustment and the method by which such adjustment was calculated and specifying the increased or decreased Number Issuable and/or the Exercise Price then in effect following such
adjustment. 
 (vii) Notwithstanding anything to the contrary contained in this Section 2(a), the
Company shall be entitled to make such upward adjustments in the Number Issuable, in addition to those otherwise required by this Section 2(a), as the board of directors of the Company in its discretion shall determine to
be advisable in order that any stock dividend, split, subdivision or combination of shares, distribution of rights or warrants to purchase shares, stock or securities or distribution of securities convertible into or exchangeable for shares of
Common Stock hereafter made the Company to its shareholders shall not be taxable; provided, however, that any such adjustment shall treat all Holders of Warrants with similar protections on an equal basis. 

(b) Reorganization; Reclassification; Consolidation; Merger or Sale of Assets. In case of any capital reorganization or
reclassification or other change of outstanding shares of Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a split, subdivision or combination), or in case of any
consolidation or merger of the Company with or into 

  
 6 

 
another Person (other than a consolidation or merger in which the Company is the resulting or surviving Person and which does not result in any reclassification or change of outstanding Common
Stock), or in case of any sale or other disposition to another Person of all or substantially all of the assets of the Company, other than a sale/leaseback, mortgage or other similar financing transaction (any of the foregoing, a
“Transaction”), the Company shall not effect any such Transaction, unless, at the Company’s option, the Company, or such successor Person or transferee of the Company, as the case may be, shall make appropriate provision by
amendment of the Warrant Agreement or by the successor Person or transferee executing a replacement warrant agreement so that the Holder of each such Warrant then outstanding shall have the right at any time after the consummation of such
Transaction, upon exercise or conversion of the Warrant (in lieu of the number of shares of Common Stock theretofore deliverable) to only receive the kind and amount of securities, cash and other property receivable upon such Transaction as would be
received by a Holder of the number of shares of Common Stock issuable upon exercise or conversion of the Warrant immediately prior to such Transaction (calculated assuming (i) a Cashless Exercise of all of the Warrants held by such Holder and
(ii) such holder of Common Stock did not exercise its rights of election, if any, as to the kind or amount of securities, cash and other property receivable upon such Transaction). The provisions of this Section 2(b)
similarly shall apply to successive Transactions. 
 Section 3. Notice of Certain Events. In case at any time or from time to
time there shall be any Transaction, then the Company shall mail to each Holder at such Holder’s address as it appears on the transfer books of the Company, as promptly as practicable but in any event at least 10 days prior to the applicable
date hereinafter specified, a notice stating the date on which such Transaction is expected to become effective and the date as of which it is expected that the holders of the shares of Common Stock of record shall be entitled to exchange their
shares of Common Stock for shares, stock or other securities or property or cash deliverable upon such reorganization, reclassification, consolidation, merger, sale, conveyance, dissolution, liquidation or winding up. Until such time that the
Company publicly discloses the information that is the subject of any notice provided pursuant to this Section 3, the Holder shall keep (and shall cause its agents and Affiliates to keep) such notice and its contents
confidential and shall not publicly disclose (and shall cause its agents and Affiliates not to publicly disclose) such notice or its contents to any person (provided that the Holder may disclose such notice and its contents to its agents, Affiliates
and advisors for the purpose of seeking financial, legal or other advice reasonably related to such notice and its contents, and the Holder and its agents, Affiliates and advisors may disclose such notice and its contents as may be required by law,
regulation or court order). 
 Section 4. Certain Covenants. 

(a) Authorized Shares. The Company covenants and agrees that all shares of capital stock of the Company which may be
issued upon the exercise of the Warrants evidenced hereby will be duly authorized, validly issued and fully paid and non-assessable upon issuance and will be free and clear of all liens and will not be subject
to any pre-emptive or similar rights. The Company shall at all times reserve and keep available solely for issuance upon the exercise of the Warrants, such number of its authorized but unissued shares of
Common Stock as will from time to time be sufficient to permit the exercise of all outstanding Warrants, and shall take all action required to increase the authorized number of shares of Common Stock if at any time there shall be insufficient
authorized but unissued shares of Common Stock to permit such reservation or to permit the exercise of all outstanding Warrants. 

  
 7 

 (b) No Impairment. The Company will not, by amendment of its charter
or through reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all
times in good faith assist in the carrying out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the Holder of this Warrant against impairment. Without limiting the generality
of the foregoing, the Company will (i) not increase the par value of any shares of Common Stock obtainable upon the exercise of this Warrant and (ii) take all such actions as may be necessary or appropriate in order that the Company may
validly and legally issue fully paid and non-assessable shares of Common Stock upon the exercise of this Warrant. 

Section 5. Registered Holder. The person in whose name this Warrant Certificate is registered shall be deemed the owner hereof and
of the Warrants evidenced hereby for all purposes. The Holder of this Warrant Certificate, in its capacity as such, shall not be entitled to any rights whatsoever as a shareholder of the Company, except as herein provided. 

Section 6. Certain Transfer and Exercise Provisions. Any transfer of the rights represented by this Warrant Certificate shall be
effected by (i) only if an original counterpart of this Warrant Certificate is actually physically delivered to the Holder, the surrender of this Warrant Certificate and (ii) delivery of the form of assignment attached hereto as
Exhibit A, properly completed and executed by the Holder hereof, at the registered office of the Company. Thereupon, the Company shall issue in the name or names specified by the Holder hereof and, in the event of a partial
transfer, in the name of the Holder hereof, a new warrant certificate or certificates evidencing the right to purchase such number of shares of Common Stock as shall be equal to the then applicable Number Issuable. 

Section 7. Denominations. The Company covenants that it will, at its expense, promptly upon surrender of this Warrant Certificate
at the registered office of the Company, execute and deliver to the Holder a new warrant certificate or certificates in denominations specified by such Holder for an aggregate number of Warrants equal to the number of Warrants evidenced by this
Warrant Certificate. 
 Section 8. Replacement of Warrants. Upon receipt of evidence satisfactory to the Company of the loss,
theft, destruction or mutilation of this Warrant Certificate and, in the case of loss, theft or destruction, upon delivery of an indemnity reasonably satisfactory to the Company and the Transfer Agent (in the case of an institutional investor, its
own unsecured indemnity agreement shall be deemed to be reasonably satisfactory), or, in the case of mutilation, upon surrender and cancellation thereof, the Company will issue a new warrant certificate of like tenor for a number of Warrants equal
to the number of Warrants evidenced by this Warrant Certificate. 

  
 8 

 Section 9. Governing Law. THIS WARRANT CERTIFICATE SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE. 

Section 10. Rights Inure to Registered Holder. The Warrants evidenced by this Warrant Certificate will inure to the benefit of and
be binding upon the Holder and the Company and their respective successors and permitted assigns. Nothing in this Warrant Certificate shall be construed to give to any Person other than the Company and the Holder any legal or equitable right, remedy
or claim under this Warrant Certificate, and this Warrant Certificate shall be for the sole and exclusive benefit of the Company and such Holder. Nothing in this Warrant Certificate shall be construed to give the Holder any rights as a holder of
shares of Common Stock until such time, if any, as the Warrants evidenced by this Warrant Certificate are exercised in accordance with the provisions hereof. 

Section 11. Definitions. For the purposes of this Warrant Certificate, the following terms shall have the meanings indicated
below: 
 “Affiliate” means with respect to any specified Person, any other Person directly or indirectly Controlling,
Controlled by or under direct or indirect common Control with such specified Person. 
 “Business Day” means any day other
than a Saturday, Sunday or a day on which banking institutions in the City of New York or at a place of payment are authorized by law, regulation or executive order to remain closed. 

“Cashless Exercise” has the meaning given it in Section 1. 

“Common Stock” means the shares of common stock of the Company. 

“Company” has the meaning given it in the first paragraph hereof. 

“Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and the
policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 
 “Distribution” has
the meaning given it in Section 2(a)(ii). 
 “DTC” has the meaning given it in
Section 1. 
 “Exercise Price” has the meaning given it in the first paragraph hereof. 

“Exercise Period” has the meaning given it in Section 1. 

“Fair Market Value” means (a) in the case of cash, the amount of such cash, (b) in the case of a security, the
Market Price of such security, or (c) in the case of any assets or property, the amount which a willing buyer, under no compulsion to buy, would pay a willing seller, under no compulsion to sell, in an
arm’s-length transaction but in all events without application of any minority, illiquidity, transfer or voting restriction, or similar discounts or reductions. 

  
 9 

 “Holder” has the meaning given it in the first paragraph hereof. 

“Issue Date” means [_______], 2021. 

“Market Price” of each share of Common Stock or any other securities on any date of determination means the per share
volume-weighted average price as displayed on Bloomberg (or any successor service) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such date of determination (or if
such volume-weighted average price is unavailable or is not so displayed, the Fair Market Value per share of Common Stock (as determined by reference to the methodology described in clause (c) of such definition) on such date of
determination, as determined by the Company in good faith). 
 “Number Issuable” has the meaning given it in the second
paragraph hereof. 
 “Person” means any individual, corporation, limited liability company, partnership, trust,
incorporated or unincorporated association, joint venture, joint stock company, government (or an agency or political subdivision thereof) or other entity of any kind. 

“Transaction” has the meaning given it in Section 2(b). 

“Transfer” means any voluntary or involuntary attempt to, directly or indirectly through the transfer of interests in
controlled Affiliates or otherwise, sell, assign, transfer, grant a participation in, pledge or otherwise dispose of any Warrants, or the consummation of any such transaction, or taking a pledge of, any of the Warrants; provided, however, that a
transaction that is a pledge shall not be deemed to be a Transfer, but a foreclosure pursuant thereto shall be deemed to be a Transfer. The term “Transferred” shall have a correlative meaning. 

“Transfer Agent” has the meaning given it in Section 1. 

“Warrant Agreement” shall mean that certain Warrant Agreement, dated as of [_______], 2021, between the Company and Cortland
Capital Market Services LLC. 
 “Warrants” have the meaning given it in the first paragraph hereof. 

“Warrant Certificate” has the meaning given it in the first paragraph hereof. 

“Warrant Exercise Documentation” has the meaning given it in Section 1. 

Section 12. Notices. All notices, demands and other communications provided for or permitted hereunder shall be made in writing
and shall be by registered or certified first- class mail, return receipt requested, courier services or personal delivery, (a) if to the holder of a Warrant, at such holder’s last known address appearing on the transfer books of the
Company; and (b) if to the Company, at its registered office located at the address designated for notices in the Warrant Agreement, or such other address as shall have been furnished to the party given or making such notice, demand or other
communication. All such notices and communications shall be deemed to have been duly given: when delivered by hand, if personally delivered: one Business Day following the date delivered to a courier with overnight delivery requested if delivered by
a recognized commercial overnight courier service guaranteeing next Business Day delivery; and three Business Days after being deposited in the mail, postage prepaid, if mailed. 

  
 10 

 IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be duly executed as
of the Issue Date. 
  

			
	FRANK’S INTERNATIONAL N.V.
		
	By:	 	              

	Name:	 	  

	Title:	 	  

 [Warrant Certificate Signature Page] 

 Exhibit A to the Class A Warrant Certificate 

[Form of Assignment Form] 
 [To be
executed upon assignment of Warrants] 
 The undersigned hereby assigns and transfers this Warrant Certificate to __________ whose Social
Security Number or Tax ID Number is __________ and whose record address is __________, and irrevocably appoints __________ as agent to transfer this security on the books of the Company. Such agent may substitute another to act for such agent. 

 

	
	Signature:
	
	  

	
	  

	
	Signature Guarantee:

 Date:_______________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00328-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00328-of-00352.parquet"}]]