Document:

Exhibit

Exhibit 10.18

SEPARATION, CONSULTING, AND GENERAL RELEASE AGREEMENT
This SEPARATION, CONSULTING, AND GENERAL RELEASE AGREEMENT (this “Agreement”) is entered into by and between Gary P. Luquette (“Executive”), Frank’s International LLC, a limited liability company (the “Employer”), and Frank’s International N.V., a  limited liability  company  organized  under  the  laws  of  the  Netherlands (“FINV,” and collectively  with  the  Employer,  the “Company”), effective as of November 11, 2016.  The Company and Executive are referred to herein individually as a “Party” and collectively as the “Parties.”   
WHEREAS, as of the Separation Date (as defined below), Executive will no longer be employed by the Employer or any other Released Party (as defined below);
WHEREAS, FINV and Executive previously entered into those certain Employee Restricted  Stock  Unit  Agreements,  each  dated  February  23, 2016 (collectively, the “2016 RSUs”); 
WHEREAS,  Executive  is  eligible for certain deferred compensation pursuant to the Frank’s  Executive  Deferred Compensation Plan, as amended and restated effective January 1, 2009 (the “EDC Plan”), and the Parties acknowledge that payments under the EDC Plan are not subject to a release and are not consideration for this Agreement;
WHEREAS,  the  Parties wish for Executive to receive certain payments and benefits, which, to the extent provided herein, are conditioned upon Executive’s entry into this Agreement and his entry into (and non-revocation of) the Confirming Release (as defined below), each in the time provided to do so, and Executive’s compliance with the terms of this Agreement; 
WHEREAS, the Company wishes to have the right to receive, following the Separation Date, certain consulting services from Executive in his capacity as an independent contractor and special advisor to the Company and the Board of Supervisory Directors of FINV (the “Board”), and Executive wishes to provide such services; and
WHEREAS,  the  Parties  wish to resolve any and all claims that Executive has or may have  against  the Company or any of the Released Parties, including any claims that Executive may have arising out of Executive’s employment or the end of such employment;
NOW, THEREFORE,  in  consideration of the promises set forth herein, and for other good  and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties agree as follows:
1.    Separation from Employment and Relief of Duties as President and Chief Executive Officer.  
(a)    The Parties acknowledge and agree that, unless earlier terminated for “Cause” (as defined in the 2016 RSUs) or due to Executive’s resignation, death, or “Disability” (as defined in the 2016 RSUs), Executive’s employment with the Employer will continue until the earlier of: (i) December 31, 2016; or (ii) the  date  that the Employer provides written notice to Executive that his employment will terminate for a reason other than Cause or Disability (the earlier of the dates 

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in the immediately preceding clauses (i) or (ii) is referred to herein as the “Separation Date”). If the Separation Date occurs prior to December 31, 2016 by reason of Executive’s termination for Cause, the terms and conditions of this Agreement shall be automatically voided in their entirety and without any effect. 
(b)    Executive will cease to be President and Chief Executive Officer of FINV and the Employer  as  of  the  close  of  business  on  November  14,  2016 (referred to herein as the “Transition Date”).  As  of  the Transition Date, Executive will resign as an officer of FINV and all of its subsidiaries.  
(c)    During the period between the Transition Date and the Separation Date (the “Transition Period”), Executive shall serve as Special Advisor to the Company, and all of Executive’s  services  and  activities  for  the Company performed during the Transition Period (other than his continued duties as a member of the Board) shall be subject to the direction of the Board  and the newly appointed Chief Executive Officer and President of the Company.  During the  Transition  Period,  Executive’s compensation and benefits shall continue as in effect immediately prior to the Transition Date, provided Executive timely executes and returns this Agreement as set forth under Section 2(b)(i) below.  
(d)    Following the Separation Date, Executive will have no further employment relationship  with  the Employer or any other Released Party.  Executive will continue to serve as a  member  of the Board until the Annual General Meeting of FINV shareholders scheduled for May 2017  (except to the extent of any earlier removal or resignation from the Board that occurs in accordance  with  the  governance requirements applicable for membership on the Board) but will  not  stand  for  reelection to the Board at such meeting.  Following the Separation Date, Executive will have no other service relationship with the Company and receive no other compensation or benefits from the Company, except as provided in this Agreement.  
2.    Transition Payment and Benefits.  
(a)    Following  the  Separation  Date  (and  in  no  event  later than as required by applicable law or pursuant to the terms of the applicable compensatory arrangement), Executive shall  receive:  (i) all accrued and unpaid salary through the Separation Date, (ii) reimbursement for all incurred but unreimbursed expenses for which Executive is entitled to reimbursement in accordance  with the business and travel expense policies of the Company, and (iii) benefits to which Executive is entitled under the terms of any applicable benefit plan or program of the Company,  including  the  EDC  Plan  (such  amounts  set  forth  in (i), (ii), and (iii) shall be collectively referred to herein as the “Accrued Rights”).  For the sake of clarity, the Parties agree that no annual bonus shall be paid to Executive pursuant to the Company’s short-term incentive program for 2016.
(b)    If Executive: (1) timely executes this Agreement and returns an executed copy to the  Company  such  that it is  delivered to the Company’s General Counsel at the Company’s principal  office  in  Houston, Texas  on or before November 12, 2016; (2) in accordance with Section 8 and Exhibit A, timely executes, and does not revoke in the time provided to do so, the Confirming Release of Claims that is attached to this Agreement as Exhibit A (the “Confirming Release”); (3) remains continuously employed by Employer through December 31, 2016 or such 

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earlier  date,  if  any,  that  the  Employer  may  provide  written notice to Executive that his employment  will  terminate  for  a  reason  other than Cause; and (4) complies with each of Executive’s  obligations  and covenants set forth in this Agreement (including the terms and covenants set forth in Section 5 below), then:
(i)    The  Employer  shall  provide  to  Executive a consulting payment of $750,000, which amount shall be paid in substantially equal monthly installment payments over the 12-month consulting period that follows the Separation Date, which payments shall begin no later than the 60th day following the Separation Date or as otherwise required pursuant to  Section 16;  provided  however,  that the first installment payment shall include all amounts  that  would otherwise have been paid to Executive during the period beginning on  the  Separation  Date and ending on the first payment date as if no delay had been imposed;
(ii)    The Company shall pay to Executive an amount equal to 18 times the difference between  (A)  the  full premium applicable for coverage for qualified beneficiaries under the Employer’s group health plans pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended  and (B) the employee contribution amount that similarly situated active senior executive employees of the Employer pay for the same or similar coverage under such group health plans (the “Medical Coverage Benefit”), which amount shall be divided into and paid in 12 equal and consecutive monthly installments following  the  Separation  Date on the same schedule as provided for payments under Section 2(b)(i);  provided,  however, that the Medical Coverage Benefit shall only be provided to the extent that Executive is not eligible for comparable group health coverage from another company’s group health plan, with such determination being made by Executive  in  good  faith and with his best efforts, which may include consideration of benefit levels, cost to Executive, available provider networks, and any other factors pertaining to the relevant plans;
 (iii)    The  Company  shall provide Executive with a lump sum payment in an amount equal to the product of (A) $750,000 and (B) the target performance multiplier under the Company’s  short-term  incentive  program  for  2017,  which  amount, if any, shall be payable  in  2018  on the date that annual bonuses are paid to the Company’s similarly situated executives, but in no event later than March 31, 2018;
(iv)    FINV  will  enter  into  a  Special Vesting Agreement (as referenced in the 2016 RSUs)  with  Executive,  pursuant  to which Executive will continue to vest in the 2016 RSUs  subject  to  the terms and conditions thereof, including with respect to applicable post-employment conditions described in the applicable Exhibit to the 2016 RSUs (which conditions  shall continue throughout the vesting period reflected in the 2016 RSUs) and the provisions  of  this  Agreement, with payment, if any, made under such 2016 RSUs to be determined as provided therein; and
(v)    FINV  will  make  a  grant  of  restricted  stock units (the “2017 LTIP Award”) pursuant  to  the Frank’s International N.V. Long-Term Incentive Plan (the “LTIP”), with an aggregate value on the date of grant of $3 million, with such value calculated based on the  “fair  market  value”  of  such  award(s), as determined pursuant to the terms of the 

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LTIP.   The  2017  LTIP  Award  shall  be  subject  to ratable vesting over the three-year period following the date of grant and shall not include any performance-based vesting criteria.  The  Parties agree that the 2017 LTIP Awards shall allow Executive to vest over the vesting period provided therein, subject to the terms and conditions thereof, including with respect to Executive’s continued satisfaction of the restrictive covenants reflected therein and his obligations under this Agreement.  The 2017 LTIP Award shall be granted at  the  same  time that annual equity-based awards pursuant to the LTIP are granted to FINV’s executive officers, which is anticipated to be during the first quarter of 2017.
Notwithstanding anything to the contrary provided in this Section 2(b), in the event of Executive’s  death  or  Disability,  vesting  or  forfeiture  under the 2016 RSUs and 2017 LTIP Awards  shall be determined in accordance with the terms of the governing award agreements relating thereto.
3.    Executive Consulting Services.  
(a)    Executive  will  provide  services  as  a  Special  Advisor to the Board and the Company, as may be reasonably requested by the Board or the Company (the “Consulting Services”), during reasonable business hours for a period of up to twelve months following the Separation Date; provided, however, that Executive’s and the Company’s respective obligations under Section 3 of this Agreement, shall terminate prior to the date that is 12 months after the Separation  Date upon  the occurrence of any of the following events: (i) the death of Executive; (ii) the termination of the Consulting Period (as defined below) by the Company for Consulting Period Cause (as defined below); or (iii) the termination of the Consulting Period by mutual agreement of the Parties, as evidenced by written instrument signed by Executive and FINV.  As used herein, the “Consulting Period” is the date that begins on the Separation Date and ends on the earlier of: (x) the date that is 12 months after the Separation Date; or (y) the date that the Consulting  Services  period  is  terminated  pursuant  to  parts (i), (ii), or (iii) of the previous sentence.   For  the  avoidance  of  doubt,  upon the termination of the Consulting Period for Consulting Period Cause or in the event that any of the conditions set forth in the first paragraph of Section 2(b) above are not satisfied in all material respects, the Company shall have no further obligations to Executive for any payments under Section 2(b) of this Agreement other than for payments  of  any obligations already accrued; provided, however, that if the Consulting Period ends due to the death of Executive, (1) vesting or forfeiture under the 2016 RSUs and 2017 LTIP Awards  shall be determined in accordance with the terms of the governing award agreements relating  thereto,  and (2) the payment and benefits provided under Section 2(b)(i), (ii), and (iii) shall continue to be made and shall be paid as provided under Section 12.  
(b)    As  used  herein,  “Consulting Period Cause” shall exist in the event that: (i) Executive materially breaches any of his covenants described in this Agreement, including the covenants  set forth in Section 5 below; (ii) Executive willfully fails to substantially perform any of the duties reasonably requested of him by the Company in conjunction with performing the Consulting  Services;  or (iii) during  the  Consulting Period, Executive engages in any act or omission  that would give rise to Cause pursuant to clauses (iii), (iv), (v), or (vi) of the definition of  Cause  in  Section  2(a) of the 2016 RSUs.   Notwithstanding  the  foregoing,  prior  to  a termination of the Consulting Period for Consulting Period Cause, the Company shall provide written notice to Executive of any such event, act, or omission upon which the Company intends 

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to  rely  as  a basis for such termination, and the Company shall offer Executive no less than 30 days to cure such breach if such breach is capable of cure.
(c)    During  the  Consulting  Period,  Executive  shall  be an independent contractor whose  services  shall  be required only upon written request from the Board and will not be an agent  or  employee  of,  nor  an  authorized spokesperson for, FINV or any of its subsidiaries.  During the Consulting Period, Executive will not be provided with an office at FINV’s U.S. headquarters or any secretarial or administrative support from the Company or employees of the Employer.  Neither the relationship of the Company and Executive during the Consulting Period nor any provision of this Agreement shall be construed to authorize Executive to take any action, or  to make  or  fail to make any decision, representation or commitment, binding upon FINV or any  of  its  subsidiaries  during  the  Consulting  Period  in  the  absence of written specific authorization  executed  by an executive officer of FINV.  During the Consulting Period, and so long  as  it  does not violate the terms of this Agreement, Executive shall be free to devote such time, energy, and skill during regular business hours as he is not obligated to devote hereunder to the  Board  or  the  Company  in such manner as he deems fit and to such persons, firms, or corporations as he chooses.  Executive acknowledges and agrees that Executive will be solely responsible for the payment of all federal, state, and local taxes associated with the payments provided  under  clauses  (i),  (ii), (iii), and (v) of Section 2(b) (the “Transition Payments”) and that the Company will not withhold on such amounts.  Executive expressly agrees to pay and be responsible for making all applicable tax filings and remittances with respect to the Transition Payments and to hold the Released Parties harmless for all claims, damages, costs, and liabilities arising from Executive’s failure to do so.  Executive acknowledges and agrees that the Company has no obligation to withhold any taxes for or on behalf of Executive for any of the Transition Payments.  Executive further acknowledges that, except as provided in Section 2(b)(ii) of this Agreement,  Executive  will  not  be  entitled  to participate in any of the welfare or retirement benefit plan sponsored or maintained by FINV or any of its subsidiaries for the benefit of its employees following the Separation Date except to the extent of any Accrued Rights.
4.    Satisfaction  of  All  Leaves and Payment Amounts; Prior Rights and Obligations.  In entering into this Agreement, Executive expressly acknowledges and agrees that he  has  received  all  leaves (paid and unpaid) to  which  Executive  has been entitled in his employment with Employer and each other Released Party, as applicable, and as of the date that Executive  executes  this  Agreement,  he  has received all wages and been paid all sums that Executive  is owed and has been owed by the Employer, FINV and each other Released Party, which, for the avoidance of doubt, do not include the Accrued Rights, which are not yet owed.  Executive acknowledges and agrees that Executive has no contractual right to the payments and benefits described in Section 2(b) but for Executive’s entry into this Agreement.
5.    Affirmation of Restrictive Covenants.  
(a)    In entering into this Agreement, Executive expressly acknowledges the enforceability  and  continued  effectiveness of (i) the “Non-Disclosure, Non-Competition, and Non-Solicitation  Obligations  During  and  Following Employment” document as reflected in Exhibit  A or  Exhibit  B, as  applicable,  of the 2016 RSUs, which terms shall continue to be in force  for  the  duration  of  the  vesting schedule under the 2016 RSUs, and (ii) that certain Participation Agreement entered into between Executive, FINV, and the Employer on August 31, 

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2015  pursuant  to  the Frank’s International N.V. Executive Change-in-Control Severance Plan, and Executive expressly covenants and agrees to abide by the terms of all such provisions, both before and after the Separation Date.  Executive also expressly covenants and agrees to abide by all  other  confidentiality, non-competition  and  non-solicitation  covenants set forth within the 2017 LTIP Awards. 
(b)    Executive  further  represents  that  he  has  complied with, and covenants and promises that he will in the future comply with, the Company’s Code of Business Conduct and Ethics and other policies relating to conduct, as in effect from time to time and applicable to its executive  officers.   Executive  further  covenants and promises that he will comply with all provisions and covenants regarding removal and return of Company property, confidential information, and noninterference that Executive has agreed to as part of his employment with the Employer, including those covenants contained in the 2016 RSUs and the provisions regarding confidentiality and cooperation pursuant to the Executive Change-in-Control Severance Plan, including as provided under the Participation Agreement thereunder.  
(c)    The Parties acknowledge and agree that Executive’s representations, promises and covenants set forth in this Section 5 are a material inducement for the Company to enter into this Agreement.
6.    Release of Liability for Claims
(a)    For good and valuable consideration, including the consideration described in Section 2(b)  of  the Agreement  (and any part of such consideration), Executive hereby releases and  discharges  FINV,  the  Employer, each of their subsidiaries and other affiliates, and each of the foregoing entities’ respective partners, members, predecessors, successors, assigns,  owners, partners,  shareholders,  officers,  directors,  managers,,  employees, agents, attorneys,  administrators, benefit plans (including the fiduciaries and trustees of such plans) and insurers (collectively, the “Released Parties”), from any and all claims, demands, liabilities and causes of action,  whether  statutory or common law, that are now known, or reasonably should be known, to  Executive,  including any claim for salary, benefits, payments, expenses, costs, damages, penalties, compensation, remuneration, wages, contractual entitlements; and all claims or causes of action relating to any matter occurring on or prior to the date that Executive executes this Agreement  including  (i) any alleged violation through such date of: (A) Title VII of the Civil Rights  Act  of  1964, as amended; (B) the Civil Rights Act of 1991; (C) Sections 1981 through 1988 of Title 42 of the United States Code, as amended; (D) the Employee Retirement Income Security  Act  of 1974, as amended (“ERISA”); (E) the Immigration Reform Control Act, as amended; (F) the Americans with Disabilities Act of 1990, as amended; (G) the National Labor Relations  Act,  as  amended; (H) the Occupational Safety and Health Act, as amended; (I) the Family  and Medical Leave Act of 1993, as amended; (J) any state or federal anti-discrimination or anti-retaliation law; (K) any state or federal wage and hour law; or (L) any other local, state or federal law, regulation or ordinance; (ii) any public policy, contract, tort, or common law claim; (iii) any  allegation  for  costs, fees, or other expenses including attorneys’ fees incurred in the matters  referenced  herein;  and (iv) any and all claims Executive may have arising out of, or as the  result  of any breach of, any employment agreement or offer letter, or any other contract, incentive compensation plan or agreement, or equity compensation plan or agreement with the FINV, the Employer, or any of the other Released Parties (collectively, the “Released Claims”); 

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provided, however, that this Agreement does not apply to any Released Party’s obligations to Executive that may arise: (I) following the date that Executive executes this Agreement; (II) in connection with any rights of defense or indemnification which would be otherwise afforded to Executive  under the  certificate  of  incorporation,  by-laws or similar governing documents of FINV or its subsidiaries or any written indemnification agreement by and between the Company and Executive; (III) in connection with any rights of defense or indemnification which would be otherwise afforded to Executive under any liability or other insurance policy maintained by the Company; (IV) in connection with any rights of Executive under any applicable health, medical and  dental  programs, including any claims to vested benefits under an employee benefit plan subject  to ERISA; (V) with respect to any vested sums owed to Executive but deferred pursuant to any qualified or nonqualified deferred compensation plan (including but not limited to the Employer’s 401(k) cash or deferred arrangement and the Employer’s EDC Plan); and (VI) with respect  to  any Accrued Rights.  This Agreement is not intended to indicate that any Released Claims exist or that, if they do exist, they are meritorious.  Rather, Executive is simply agreeing that, in exchange for the consideration provided pursuant to the Agreement, any and all potential claims of this nature that Executive may have against the Released Parties, regardless of whether they actually exist, are expressly settled, compromised or waived.   By signing this Agreement, Executive  is  bound by it.  Anyone who succeeds to Executive’s rights and responsibilities, such as heirs or the executor of Executive’s estate, is also bound by this Agreement.  This Agreement also  applies  to  any  claims  brought  by  any  person  or agency or class action under which Executive  may  have a right or benefit.   THIS RELEASE INCLUDES MATTERS ATTRIBUTABLE TO THE SOLE OR PARTIAL NEGLIGENCE (WHETHER GROSS OR SIMPLE)  OR OTHER FAULT, INCLUDING STRICT LIABILITY, OF ANY OF THE RELEASED PARTIES.
(b)    Notwithstanding this release of liability, nothing in this Agreement prevents Executive  from  filing  any  non-legally waivable claim, including a challenge to the validity of this  release  with  the  Equal  Employment Opportunity Commission (“EEOC”) or comparable state or local agency, or participating in any investigation or proceeding conducted by the EEOC or  comparable  state  or  local  agency;  however, Executive understands and agrees that to the extent  set  forth in Section 6(a), Executive is waiving any and all rights to recover any monetary or personal relief or recovery from the Employer or any other Released Party as a result of such EEOC  or  comparable  state or local agency proceeding or subsequent legal actions.  Further, nothing in this release or the Agreement prohibits or restricts Executive from filing a charge or complain t with,  or  cooperating  in  any  investigation with, the Securities and Exchange Commission,  the  Financial  Industry  Regulatory Authority, or any other securities regulatory agency  or  authority  (each,  a “Government Agency”).  This release does not limit Executive’s right to receive an award for information provided to a Government Agency.
(c)    For  the  avoidance  of doubt, in no event shall the Released Claims include any claim to enforce Executive’s rights under the Agreement.
7.    Executive’s Representations About Claims.  By executing and delivering this Agreement, Executive represents, warrants, and agrees that:
(a)    Executive has not brought or joined any claims, appeals, complaints, charges, or lawsuits against the Released Parties and has not made any assignment, sale, delivery, transfer, or 

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conveyance  of any  rights  Executive  has  asserted  or  may  have against any of the Released Parties with respect to any Released Claim;
(b)    Executive  has  been  advised,  and  hereby  is  advised in writing, to seek legal counsel before signing this Agreement and has had adequate opportunity to do so;
(c)    Executive agrees and acknowledges that Executive is receiving, pursuant to his execution of this  Agreement, consideration in addition to anything of value to which Executive has an undisputed right to receive;
(d)    The  only matters relied upon by him and causing him to sign this Agreement are the provisions set forth in writing within the four corners of this Agreement and the documents referenced herein; and
(e)    No Released Party has provided any tax or legal advice regarding this Agreement and he  has  had an adequate opportunity to receive sufficient tax and legal advice from advisors of his  own  choosing  such that he enters into this Agreement with full understanding of the tax and legal implications thereof.
8.    Confirming Release.   On  the Separation Date or within 21 days thereafter, Executive shall execute the Confirming Release and return such executed Confirming Release to the  Company,  such  that it is received by the Company’s General Counsel at the Company’s principal office in Houston, Texas no later than the date that is 21 days after the Separation Date.
9.    Applicable Law.  This Agreement will be construed in accordance with, and governed  by, the laws of Texas, without regard to the conflicts of law principles thereof.  Venue for any action that may be brought by any Party involving the enforcement of this Agreement or any rights, duties or obligations under this Agreement shall be brought exclusively in the state or federal courts  (as applicable)  located  in  Harris County, Texas.  The Parties consent and waive any objection to personal jurisdiction and venue in those courts for any such action.  Each of the Parties hereto hereby irrevocably waives any and all right to trial by jury in any legal proceeding arising out of or related to this Agreement.
10.    Counterparts.  This  Agreement  may  be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together will constitute one and the same Agreement.
11.    Amendment.  Subject to Section 13 below, this Agreement may not be changed orally  but  only  by  an  agreement in writing agreed to and signed by each Party, including the Party to be charged. 
12.    Third-Party Beneficiaries.  Executive  expressly acknowledges and agrees that each Released Party that is not a signatory to this Agreement shall be a third-party beneficiary of Sections 5, 6, and 7 of this Agreement, as well as the Confirming Release attached hereto, to the extent provided herein and therein.  This Agreement shall inure to the benefit of the heirs, administrators,  successors, and any permitted assigns, to the extent consistent with the terms of this Agreement and the documents referenced herein. 

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13.    Severability and Modification.  Any  term  or  provision  of this Agreement (or part thereof)  that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the Parties’ bargain hereunder.
14.    Withholding of Taxes and Other Deductions.  The Company may, but is not obligated  to,  withhold  from any payments made pursuant to this Agreement all federal, state, local,  and  other  taxes  and  withholdings  as  may  be required by any law or governmental regulation or ruling.
15.    Return of Property. Executive  represents  and  warrants  that  Executive  has returned to the Company all property belonging to the Company or any other Released Party, including  without  limitation  all  computer files, electronically stored information and other materials provided to Executive by the Company or any other Released Party in the course of Executive’s employment or engagement, and Executive further represents and warrants that Executive has not maintained a copy of any such materials in any form.
16.    Section 409A.  The Parties hereby agree that this Agreement is intended to satisfy the requirements of Section 409A of the Internal Revenue Code of 1986, as amended and the applicable Treasury regulations and administrative guidance issued thereunder (“Section 409A”) with  respect  to  the amounts, if any, subject thereto, or qualify as an exemption therefrom, and shall be construed and administered in accordance with such intent. Any payments under this Agreement  that  may  be  excluded  from  Section  409A  either as separation pay due to an involuntary  separation  from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment payable hereunder, including each payment under Section 2(b)(i), shall be deemed and treated as a  separate  payment  for purposes of Section 409A.    Notwithstanding any provision in this Agreement  to  the contrary, if Executive is a “specified employee” (as such term is defined in Section  409A  and  as  determined  by the Employer in accordance with any method permitted under  Section  409A)  and   any  payment or benefit provided for herein would be subject to additional  taxes  and  interest  under  Section  409A if Executive’s receipt of such payment or benefit  is  not  delayed until the earlier of (a) the date of Executive’s death or (b) the date that is six months after the Separation Date (the “Section 409A Payment Date”), then such payment or benefit shall not be provided to Executive (or Executive’s estate, if applicable) until the Section 409A Payment Date.  Notwithstanding anything to the contrary in this Agreement or elsewhere, any  payment or benefit under this Agreement or otherwise that is intended to be exempt from Section 409A pursuant to Treasury Regulation § 1.409A-l(b)(9)(v)(A) or (C) (relating to certain reimbursements  and  in-kind  benefits)  shall  be  paid or  provided only to the extent that the expenses  are not incurred, or the benefits are not provided, beyond the last day of the second calendar year following the calendar year in which Executive’s “separation from service” occurs; and  provided  further that such expenses are reimbursed no later than the last day of the third calendar year following the calendar year in which Executive’s “separation from service” occurs.  To the extent any expense reimbursement or the provision of any in-kind benefit is determined to be subject to Section 409A (and not exempt pursuant to the prior sentence or otherwise): (i) the right  to  reimbursement  or in-kind benefits shall not be subject to liquidation or exchange for 

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another  benefit,  (ii) the  amount  of  any such expenses eligible for reimbursement or in-kind benefits  provided  during  any  taxable  year  shall  not  affect  the  expenses  eligible for reimbursement,  or  in-kind  benefits  to be provided, in any other taxable year, and (iii) such payments  shall  be  made  on  or before the last day of Executive’s taxable year following the taxable year in which the expense occurred  Notwithstanding the foregoing, the Company makes no representations that the payments provided under this Agreement comply with or are exempt from  the  requirements  of  Section  409A,  and  in  no event shall the Company or any other Company Party be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by Executive on account of non-compliance with Section 409A.  
17.    Interpretation.  Titles and headings to Sections hereof are for the purpose of reference only and shall in no way limit, define or otherwise affect the provisions hereof.  Unless the  context  requires  otherwise,  all  references  herein  to an agreement, instrument or other document shall be deemed to refer to such agreement, instrument or other document as amended, supplemented, modified and restated from time to time to the extent permitted by the provisions thereof.  The  word  “or”  as  used  herein  is  not exclusive and is deemed to have the meaning “and/or.”   The words “herein”, “hereof”, “hereunder” and other compounds of the word “here” shall  refer  to  the  entire  Agreement  (including  all Exhibits attached hereto) and not to any particular  provision  hereof.  The  use herein of the word “including” following any general statement,  term  or matter shall not be construed to limit such statement, term or matter to the specific  items  or  matters  set  forth  immediately  following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation”, “but not limited to”, or  words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that could reasonably fall within the broadest possible scope of such general  statement,  term  or  matter.  Neither this Agreement nor any uncertainty or ambiguity herein  shall  be  construed or resolved against any Party hereto, whether under any rule of construction  or  otherwise.  On the contrary, this Agreement has been reviewed by each of the Parties  hereto and shall be construed and interpreted according to the ordinary meaning of the words used so as to fairly accomplish the purposes and intentions of the Parties.

[Remainder of Page Intentionally Left Blank; 
Signature Page Follows]

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IN WITNESS  WHEREOF, the Parties have executed this Agreement as of the dates set forth beneath their names below, effective for all purposes as provided above.
	
			
	 
	 
	FRANK'S INTERNATIONAL, LLC

	
					
	 
	By:
	 
	/s/ Alejandro Cestero
	 

	 
	Name:
	Alejandro Cestero
	 

	 
	Title:
	SVP, General Counsel & Secretary

	 
	Date:
	November 11, 2016
	 

	
			
	 
	 
	FRANK'S INTERNATIONAL N.V.

	
					
	 
	By:
	 
	/s/ Alejandro Cestero
	 

	 
	Name:
	Alejandro Cestero
	 

	 
	Title:
	SVP, General Counsel & Secretary

	 
	Date:
	November 11, 2016
	 

	
			
	 
	 
	EXECUTIVE

	
					
	 
	 
	 
	/s/ Gary P. Luquette
	 

	 
	 
	 
	Gary P. Luquette
	 

	 
	 
	 
	Date:  November 11, 2016

	
			
	ACKNOWLEDGED BY:
	 
	 

	 
	 
	BOARD OF SUPERVISORY DIRECTORS

	 
	 
	FRANK'S INTERNATIONAL N.V.

	
					
	 
	BY:
	 
	/s/ Michael Kearney
	 

	 
	Name:
	Michael Kearney
	 

	 
	Title:
	Chairman of the Board

	 
	 
	 
	of Supervisory Directors

	 
	Date:
	November 11, 2016
	 

EXHIBIT A
CONFIRMING RELEASE OF CLAIMS
This  Confirming  Release  of  Claims (this “Confirming Release”)  is  that  certain Confirming Release referenced in Section 8 of the Separation, Consulting, and General Release Agreement  (the “Agreement”)  entered  into by and between Gary P. Luquette (“Executive”), Frank’s  International  LLC, a  limited liability  company  (the “Employer”),  and Frank’s International N.V., a limited liability company organized under the laws of the Netherlands (the “Company”),  as  of November 11, 2016.  Unless sooner revoked by Executive pursuant to the terms  of  Section  5  below, Executive’s acceptance becomes irrevocable and this Confirming Release becomes effective on the eighth day after Executive signs it (the “Confirming Release Effective Date”).  Capitalized  terms  used  herein  that  are  not  otherwise  defined  have the meanings  assigned  to  them in the Agreement.  In signing below, Executive hereby agrees as follows:
1.    Release of Claims.
(a)    In consideration of the Company’s provision of payments or benefits (and any  portion  thereof)  to Executive after the Separation Date in accordance with Section 2(b) of the  Agreement,  which  payments  and  benefits  (and  any portion thereof) Executive was not entitled  to  but for his entry into the Agreement and entry into (and non-revocation of) this Confirming Release, Executive hereby releases and discharges the Company and its subsidiaries and  other  affiliates  and  each  of  the  foregoing  entities’  respective  partners,  members, predecessors, successors, assigns,  owners, partners, shareholders, officers, directors, managers,, employees, agents, attorneys, administrators, benefit plans (including the fiduciaries and trustees of such plans) and insurers (collectively, the “Confirming Released Parties”), from any and all claims, demands, liabilities and causes of action, whether statutory or common law, that are now known,  or  reasonably  should be known, to Executive, including, without limitation, any claim for salary, benefits, payments, expenses, costs, damages, penalties, compensation, remuneration, wages,  contractual  entitlements;  and  all  claims  or  causes  of action relating to any matter occurring  on  or prior to the date that Executive executes this Confirming Release, including, without limitation, (i) any alleged violation through such date of: (A) the Age Discrimination in Employment Act of 1967, as amended (including as amended by the Older Workers Benefit Protection  Act);  (B) Title VII of the Civil Rights Act of 1964, as amended; (C) the Civil Rights Act of 1991; (D) Sections 1981 through 1988 of Title 42 of the United States Code, as amended; (E) the Employee Retirement Income Security Act of 1974, as amended (“ERISA”); (F) the Immigration  Reform Control Act, as amended; (G) the Americans with Disabilities Act of 1990, as amended; (H) the National Labor Relations Act, as amended; (I) the Occupational Safety and Health  Act,  as  amended; (J) the Family and Medical Leave Act of 1993, as amended; (K) any state or federal anti-discrimination or anti-retaliation law; (L) any state or federal wage and hour law; or (M) any other local, state or federal law, regulation or ordinance; (ii) any public policy, contract,  tort,  or  common law  claim;  (iii)  any allegation for costs, fees, or other expenses including attorneys’ fees incurred in the matters referenced herein; and (iv) any and all claims Executive  may have arising out of, or as the result of any breach of, any employment agreement or offer letter, or any other contract, incentive compensation plan or agreement, or equity compensation  plan  or agreement with the Company or any of the other Confirming Released Parties  (collectively,  the “Confirming  Released  Claims”);  provided,  however, that this 

Exhibit A-1

Confirming Release does not apply to the Company’s or any of the other Confirming Released Parties’  obligations  to  Executive that may arise: (I) following the date that Executive executes this Confirming Release; (II) in connection with any rights of defense or indemnification which would  be  otherwise  afforded  to  Executive under the certificate of incorporation, by-laws or similar governing documents of the Company or its subsidiaries or any written indemnification agreement by and between the Company and Executive; (III) in connection with any rights of defense  or  indemnification  which would be otherwise afforded to Executive under any liability or other insurance policy maintained by the Company; (IV) in connection with any rights of Executive  under  any applicable health, medical and dental programs, including any claims to vested benefits under an employee benefit plan subject to ERISA; (V) with respect to any vested sums owed to Executive but deferred pursuant to any qualified or nonqualified deferred compensation  plan  (including  but not limited to the Employer’s 401(k) cash or deferred arrangement and the Employer’s EDC Plan); and (VI) with respect to any Accrued Rights.  This Confirming  Release  is  not  intended to indicate that any Confirming Released Claims exist or that,  if  they  do  exist,  they  are  meritorious.   Rather,  Executive is simply agreeing that, in exchange  for the consideration provided pursuant to the Agreement, any and all potential claims of this nature that Executive may have against the Confirming Released Parties, regardless of whether they actually exist, are expressly settled, compromised or waived.  By signing this Confirming Release, Executive is bound by it.  Anyone who succeeds to Executive’s rights and responsibilities,  such  as  heirs  or  the  executor of Executive’s estate, is also bound by this Confirming Release.  This Confirming Release also applies to any claims brought by any person or  agency  or  class  action  under  which  Executive  may have a right or benefit.   THIS CONFIRMING RELEASE INCLUDES MATTERS ATTRIBUTABLE TO THE SOLE OR PARTIAL  NEGLIGENCE  (WHETHER  GROSS OR SIMPLE) OR OTHER FAULT, INCLUDING STRICT LIABILITY, OF ANY OF THE CONFIRMING RELEASED PARTIES.
(b)    Notwithstanding  this  release  of   liability,  nothing in this Confirming Release prevents Executive from filing any non-legally waivable claim, including a challenge to the validity of this Confirming Release with the Equal Employment Opportunity Commission (“EEOC”)  or  comparable  state  or  local  agency,  or participating  in  any investigation or proceeding conducted by the EEOC or comparable state or local agency; however, Executive understands and agrees that, to the extent set forth in paragraph (a) above, Executive is waiving any  and  all rights to recover any monetary or personal relief or recovery from the Company or any  other  Confirming  Released  Party as a result of such EEOC or comparable state or local agency  proceeding  or subsequent legal actions.  Further, nothing in this Confirming Release or the  Agreement  prohibits  or  restricts Executive from filing a charge or complaint with, or cooperating in any investigation with, the Securities and Exchange Commission, the Financial Industry Regulatory Authority, or any other securities regulatory agency or authority (each, a “Government Agency”). This Confirming Release does not limit Executive’s right to receive an award for information provided to a Government Agency.
(c)    For  the  avoidance of doubt, in no event shall the Confirming Released Claims include any claim to enforce Executive’s rights under the Agreement.
2.    Executive’s Representations.  By executing and delivering this Confirming Release, Executive represents, warrants, and agrees that:

Exhibit A-3

(a)    Executive  has  not  brought  or joined any claims, appeals, complaints, charges or  lawsuits against the Confirming Released Parties and has not made any assignment, sale,  delivery,  transfer or conveyance of any rights Executive has asserted or may have against any of the Confirming Released Parties with respect to any Confirming Released Claim;
(b)    Executive has been advised, and hereby is advised in writing, to seek legal counsel before signing this Confirming Release and has had adequate opportunity to do so;
(c)    Executive  has  been  given  at  least 21 days to review this Confirming Release;
(d)    Executive  has seven days after signing this Confirming Release to revoke it.  This Confirming Release will not become effective or enforceable until the revocation period has  expired  without  Executive  exercising  the revocation right described in this Section 2(d).  Any  notice  of  revocation of the Confirming Release is effective only if received by General Counsel  of  the  Company  at  10260  Westheimer Road, Suite 700, Houston, Texas 77042, in writing  by  11:59 pm,  Houston,  Texas  time,  on the seventh day after Executive signs this Confirming Release.  Executive understands that if Executive revokes Executive’s acceptance of this Confirming Release pursuant to this Section 2(d), the Company will not provide Executive with  any  of  the  consideration set forth in Section 2(b) or Section 3 of the Agreement, and all other terms of this Confirming Release will become null and void; provided, however, that the remaining terms of the Agreement (other than Section 2(b) and Section 3 of the Agreement) shall remain in full force and effect;
(e)    Executive  agrees  and acknowledges that Executive is receiving, pursuant to his execution (and non-revocation) of this Confirming Release, consideration in addition to anything of value to which Executive has an undisputed right to receive; 
(f)    The only  matters  relied  upon  by  him  and causing him to sign this Confirming  Release  are  the  provisions  set   forth in writing within the four corners of the Agreement and this Confirming Release; and
(g)    No  Confirming  Released Party has provided any tax or legal advice regarding this Confirming Release or the Agreement and he has had an adequate opportunity to receive sufficient tax and legal advice from advisors of his own choosing such that he enters into this Confirming Release with full understanding of the tax and legal implications thereof.
I ACKNOWLEDGE THAT I HAVE CAREFULLY READ THE FOREGOING CONFIRMING RELEASE, THAT I UNDERSTAND ALL OF ITS TERMS, THAT IT CONTAINS A COMPLETE RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS SUBJECT TO THE LIMITATIONS AND PROVISIONS HEREIN AND THAT I AM ENTERING INTO IT VOLUNTARILY.
	
			
	 
	/s/ Gary P. Luquette
	 

	 
	Gary P. Luquette
	 

	 
	November 11, 2016
	 

	 
	Date
	 

Exhibit A-3Exhibit

Exhibit 10.19

November 11, 2016
Mr. Douglas Stephens
407 Wolf Court
Houston, Texas 77024

Dear Douglas:

Offer and Position
We are pleased to extend an offer of employment to you for the position of Chief Executive Officer and President (“Chief Executive Officer”) of Frank’s International, N.V., a limited liability company organized under the laws of the Netherlands (the “Company”) and of Frank’s International, LLC, a Texas limited liability company (the “Employer”).  This offer of employment is conditioned upon your satisfactory completion of certain requirements, as more fully explained in this letter.  Your employment is subject to the terms and conditions set forth in this letter.

Duties
In  your  capacity  as  Chief  Executive  Officer,  you will perform duties and responsibilities  that  are  commensurate  with your position and such other duties as may be assigned to you from time to time. You will report directly to the Supervisory Board  of  Directors of the Company (the “Board”) but will not initially serve as a member of the Board due to restrictions applicable to Dutch companies regarding appointment  of  directors  without  shareholder  approval.  At  the annual meeting of the  Company’s  shareholders,  you  will  be asked to serve as a member of the Board for  no  additional  compensation.  You  agree  to  devote  your  full business time, attention,  and  best  efforts  to  the  performance of your duties and to the furtherance of  the  Company’s  and  the  Employer’s interests. Notwithstanding the foregoing, nothing in this letter shall preclude you from devoting reasonable periods of time to charitable  and  community  activities,  managing  personal  investment  assets and, subject  to  Board  approval  which  will  not  be unreasonably withheld, serving on boards  of  other  companies (public or private) not in competition with the Company or  the  Employer,  provided  that  none  of  these  activities  interferes  with  the  performance of your duties hereunder or creates a conflict of interest.

Location
Your  principal  place  of employment shall be at our U.S. headquarters in Houston, Texas, subject to business  travel  as  needed  to  properly  fulfill  your  employment duties and responsibilities.

1

Start Date
Subject  to  satisfaction  of  all  of  the  conditions  described  in  this  letter,  your anticipated start date is November 15, 2016 (“Start Date”). 

Base Salary
In  consideration  of your services, you will be paid an initial base salary of $650,000 per year, subject to  review  periodically by the Board (or a committee thereof) and payable  in  accordance  with  the  standard payroll practices of the Employer, subject to all withholdings and deductions as required by law.

Annual Bonus
During your employment, you will be eligible to participate in the Company’s annual short-term incentive plan for executive officers, which shall provide you with an opportunity  to  receive  an  annual, calendar-year bonus, based on corporate and individual  performance  criteria  determined  in  the  discretion of the Board or a committee  thereof.  It  is  expected  that  your target bonus opportunity will be 100% of base salary, with actual payment determined based on performance against the performance  goals established by the Board or committee.  You must remain continuously employed through the bonus payment date to be eligible to receive an annual  bonus  payment  for a particular calendar year.  You will not be eligible for a 2016 bonus, so your eligibility will begin January 1, 2017.

Equity Grants
During  your  employment,  you  will  be eligible to receive annual grants of equity-based  incentive  awards,  as  determined  by the Board (or a designated committee thereof) in its discretion, under the Company’s Long-Term Incentive Plan (“LTIP”).  It is  expected  that your annual LTIP awards will have an aggregate value on the grant date equal to three (3) times your base salary (determined without regard to vesting criteria), which may include performance-based vesting criteria in addition to a time-based  vesting  schedule.  In  addition the above-referenced LTIP awards, concurrent with your Start Date, you will receive an initial LTIP award of restricted stock units, with  an  aggregate  value  on  the date of grant of $325,000, calculated based on the final  closing  price  of  a  share  of  the  Company’s  common  stock  on the date immediately  preceding the Start Date (the “Initial LTIP Award”).  The Initial LTIP Award  will  vest  in  three  equal annual tranches over a three-year period, based on your  continued  service  through  each vesting date.  In the event of your separation from the Employer on an involuntary,  not-for-cause  basis,  any unvested portion of your LTIP grants (including both your Initial LTIP Award and your regular annual LTIP grants)  shall  be  permitted  to continue to vest (but not accelerate)  through  their  regularly scheduled vesting date(s), provided you satisfy certain restrictive covenants during the remainder of the original vesting period.

Benefits and Perquisites
You  will  be  eligible  to participate  in  the  employee benefit plans and programs generally available to the Company's senior executives, including but not limited to 

2

group medical, dental, vision, and life insurance, disability benefits, retirement plans, an  employee  stock  purchase  plan,  and  an  executive change-in-control severance plan,  in  each  case, subject to the terms and conditions of such plans and programs. You will be entitled  to four weeks of paid vacation annually. You will also be entitled to  the fringe benefits and  perquisites  that  are  made  available  to  other  senior  executives of the Company, each in accordance with and subject to the eligibility and other  provisions  of  such  plans  and  programs.  The  Company and the Employer reserve  the  right  to  amend,  modify,  or terminate any benefit plans or programs at any time and for any reason.

Stock Ownership Guidelines
As the Chief Executive Officer of the Company, you will be required to comply with the Company's Stock Ownership Guidelines applicable to executive officers, which requires our Chief Executive Officer to maintain a stock ownership level equal to five times your annualized base salary, such level to be reached within five years of your appointment as Chief Executive Officer.  

At-Will Employment
Your  employment  with the Employer will be for no specific period of time. Rather, your employment will be at-will, meaning that you or the Employer may terminate the employment  relationship  at  any time, with or without cause, and with or without notice and for any reason or no particular reason. Although your compensation and benefits may change from time to time, the at-will nature of your employment may only be changed by an express written agreement signed by an authorized officer of the Employer. 

Executive Change-in-Control Severance
The Company maintains an Executive Change-in-Control Severance Plan for its executive  officers  in the event that the Company is acquired.  The provisions of the plan  are  set forth in the Executive Change-in-Control Severance Plan document and the related Participation Agreement and will be the same as those terms currently in effect for other  executive officers of the Company, which require that the executive agree to certain restrictive covenants (including a non-compete) for the period of employment with the Employer and ending one year following termination of employment.  A copy of the Executive Change-in-Control Severance Plan and a Participation Agreement thereunder has been enclosed for your reference.  

Clawback
Any  amounts  payable  hereunder  are  subject  to  any  policy  established by the Company or statutory or other legal requirements applicable to senior executives providing for clawback or recovery of amounts that were paid to you. The Company will  make  any  determination  for clawback or recovery in accordance with any applicable law or regulation.  For the avoidance of doubt, the Company: (1) currently contemplates legally required clawbacks  in  the  Change-in-Control  Severance Plan and  in  the  form  of  LTIP  award agreement; and (2) shall not be unilaterally or 

3

subjectively  entitled  to  demand a clawback of any compensation awarded to you if not so required under applicable law. 

Governing Law
This offer letter shall be governed by the laws of Texas, without regard to conflict of law principles.

Contingent Offer
This offer is contingent upon:
(a) Verification of your right to work in the United States, as demonstrated by your completion of an I-9 form upon hire and your submission of acceptable documentation (as noted on the I-9 form) verifying your identity and work authorization  within  three  days of your Start Date. For your convenience, a copy of the I-9 Form's List  of  Acceptable  Documents is enclosed for your review.
(b) Satisfactory completion of reference checks, a background check, drug testing, and other applicable employment screening procedures.  
This offer will be withdrawn if any of the above conditions are not satisfied. 

On  your  Start  Date,  you will be required to execute certain agreements with the Company and/or Employer, including an Executive Confidentiality and Restrictive Covenant Agreement (enclosed  with  this  letter),  as  well  as certifications acknowledging various company policies, such as our Anti-Bribery Policy, Code of Business Conduct and Ethics, Conflicts of Interest Policy, Financial Code of Ethics, Insider Trading Policy, Global Travel and Entertainment Policy, and the Policy for Employee Complaint Procedures for Accounting and Compliance Matters.  Your employment with the Employer requires your certifications acknowledging these policies.  

Representations
By  accepting  this  offer,  you represent that you are able to accept this job and carry out the work that it would involve without breaching any legal restrictions on your activities,  such  as  non-competition,   non-solicitation,   or   other  work-related restrictions  imposed  by  a  current or former employer.  You also represent that you will inform the Employer about  any such restrictions and provide the Employer with as much information about them  as possible, including any agreements between you and  your  current or former employer describing such restrictions on your activities. You further  confirm  that  you will not remove or take any documents or proprietary data or materials of any kind, electronic or otherwise, with you from your current or former employer to the  Company  or  the  Employer  without  written authorization from  your  current  or  former  employer,  nor  will you use or disclose any such confidential information during the course and scope of your employment with the Employer. If you have any questions about the ownership of particular documents or 

4

other  information,  you  should  discuss such questions with your former employer before removing or copying the documents or information.

We  are  excited  at  the prospect of you joining our team. If you have any questions about the above details, please call me immediately. If this Offer Letter correctly sets forth  the  terms  of  our  agreement,   please  sign  and  return  this  Offer  Letter, whereupon it shall become our binding agreement. 

We look forward to hearing from you.

Sincerely,

/s/ Michael C. Kearney
Michael C. Kearney  
Chairman of the Supervisory Board of Directors
Frank’s International, N.V.  

FRANK’S INTERNATIONAL, LLC (as Employer)

By:    /s/ Alejandro Cestero
Alejandro (Alex) Cestero
Senior Vice President, Secretary, General Counsel and Chief Compliance Officer

Acceptance of Offer
I  have  read,  understood  and accept all the terms of the offer of employment as set forth in the foregoing letter. I have not relied on any agreements or representations, express or implied that are not  set  forth  expressly  in  the foregoing letter, and this letter supersedes all prior and contemporaneous understandings, agreements, representations  and  warranties,  both  written  and  oral, with respect to the subject matter of this letter.

	
				
	/s/ Douglas Stephens
	November 11, 2016
	 
	 

	Douglas Stephens
	DATE
	 
	 

5

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