Document:

EX-10.5

 Exhibit 10.5 

NUVERRA ENVIRONMENTAL SOLUTIONS, INC. 

Federal Taxpayer Identification No.: 26-0287117 

14624 North Scottsdale Road, Suite 300 

Scottsdale, Arizona 85254 
 Notice of
Grant of Restricted Stock Units and Award Agreement (CEO) (“Award Agreement”) 
 PART I 

Name of Participant: Mark D. Johnsrud 
 Plan:
Nuverra Environmental Solutions, Inc. 2017 Long Term Incentive Plan 
 Effective February 23, 2018, (“Award Date”) you have been granted an
Award of Restricted Stock Units (“Awarded RSUs”) for 531,618 shares of NUVERRA ENVIRONMENTAL SOLUTIONS, INC. (the “Company”) common stock, par value $0.01 per share (“Shares”). This Award is not settled in Shares until
the vesting date(s) shown below. 
 The Award will vest in increments on the dates shown 

 

			
	
Number of RSUs
	  	
Vesting Date(s)

	 177,206
	  	 Award Date of February 23, 2018

	 177,206
	  	 August 7, 2018

	 177,206
	  	August 7, 2019

 By your signature and the Company’s signature below, you and the Company agree that this Award is granted under and
governed by the terms and conditions of the Plan and the Award Agreement (including PART I and PART II), all of which are made a part of this document. 

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	NUVERRA ENVIRONMENTAL SOLUTIONS, INC.	  	
				
	Signature:	 	/s/ Joseph M. Crabb	  	Date: February 23, 2018	  	
				
	Print Name:	 	Joseph M. Crabb	  		  	
	Title:	 	Executive Vice President and Chief Legal Officer	  		  	

							
			
	PARTICIPANT	  		  	

							
				
	Signature:	 	/s/ Mark D. Johnsrud	  	Date: February 23, 2018	  	
				
	Print Name:	 	Mark D. Johnsrud	  		  	

  
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 PART II 

General Terms and Conditions 

Section 1.    Size and Type of Award.
The Restricted Stock Units in respect of Shares covered by this Award (“Awarded RSUs”) are listed in PART I of this Award Agreement (“Award Notice”). This Award Agreement is subject to all of the terms and
conditions of the Nuverra Environmental Solutions, Inc. 2017 Long Term Incentive Plan (the “Plan”). 

Section 2.    Vesting. 

(a)    Vesting Date(s.) The Vesting Dates for your Awarded RSUs are specified in the
Award Notice. On each Vesting Date, you will obtain ownership of the Shares issued upon the settlement of the vested Awarded RSUs. Additionally and notwithstanding anything in the Award Notice or in this Award Agreement to the contrary, in the event
of a Change in Control of the Company (as defined in the Plan), all Awarded RSUs shall automatically become fully vested upon the closing of the Change in Control transaction, subject to your continued service with the Company through such closing.

 (b)    Vesting Conditions. There are conditions you must satisfy before your Awarded RSUs will
vest. You must, except as otherwise provided herein, remain in continuous service of the Company and/or its Affiliates from the Award Date through the relevant Vesting Date. 

(c)    Forfeitures. Other than as provided in Section 2(d) below, if you terminate service with
the Company and/or its subsidiaries prior to a Vesting Date, you will forfeit any Awarded RSUs that are scheduled to vest on or after such termination of service date. When you forfeit Awarded RSUs, all of your interest in such unvested Awarded RSUs
will be canceled. 
 (d)    Termination Without Cause or For Good Reason.
Notwithstanding any provisions of this Award Agreement to the contrary, all conditions (including the condition of continuous service from the Award Date through the relevant Vesting Date) applicable to the Awarded RSUs shall be deemed
satisfied and the Awarded RSUs shall become fully vested if, prior to the applicable Vesting Date (1) your service with the Company and/or its subsidiaries is terminated by the Company other than for Cause (as used in this Award Agreement,
“Cause” means “good cause” as defined in Section 8(b)(ii) of your April 28, 2017 Amended and Restated Employment Agreement with the Company (as amended from time to time in accordance with the terms thereof, the
“Employment Agreement”)) or (2) your service with the Company and/or its subsidiaries is terminated by you for Good Reason (as used in this Award Agreement, the term “Good Reason” shall mean “good reason” as
defined in Section 8(b) of the Employment Agreement). 
 (e)    Death or Disability. If your
service with the Company and/or its subsidiaries ends due to death or disability (within the meaning of Section 22(e)(3) of the Code), all unvested Awarded RSUs shall fully vest upon your death or disability, subject to your continued service
with the Company though the period ending on such termination. 

  
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 (f)    Definition of Service. For purposes
of determining the vesting of your Awarded RSUs, you will be deemed to be in the service of the Company and/or its subsidiaries for so long as you serve in any capacity as an employee, officer, non-employee
director or consultant of the Company and/or its subsidiaries. 
 (g)    Voting and Other Rights.
You shall have no voting or other rights of a shareholder and will not be treated as an owner of Shares for tax purposes, except with respect to Shares that have been delivered upon the vesting of Awarded RSUs. 

Section 3.    Settlement. As soon as reasonably
practicable, but in no event more than 30 days, after any Awarded RSU has vested, the Company shall, subject to Sections 4 and 6, issue and deliver to you Shares issued upon settlement of such vested Awarded RSUs. 

Section 4.    Application of Clawback Policy.
Notwithstanding anything in this Award Agreement to the contrary, the Awarded RSUs and any related Shares shall be subject to adjustment and/or recovery, in whole or in part, following the date on which they become vested and payable if and
to the extent (i) required by any applicable law, rule or regulation or (ii) provided under the terms of any clawback policy or other policy of similar import adopted by the Company and in effect on the date the Awarded RSUs become vested
and payable. 
 Section 5.    No Right to Continued
Service. Nothing in this Award Agreement, or any action of the Board or Committee with respect to this Award Agreement, shall be held or construed to confer upon you any right to a continuation of service by the Company or
its subsidiaries. You may be dismissed or otherwise dealt with as though this Award Agreement had not been entered into. 

Section 6.    Taxes. Where any person is
entitled to receive Shares pursuant to the Awarded RSUs granted hereunder, the Company shall have the right to require such person to pay to the Company the amount of any tax that the Company is required to withhold with respect to such Shares, or,
in lieu thereof, to retain, or to sell without notice, a sufficient number of Shares to cover the amount required to be withheld. 

Section 7.    Notices. Any communication
required or permitted to be given under the Plan, including any notice, direction, designation, comment, instruction, objection or waiver, shall be in writing and shall be deemed to have been given at such time as it is delivered personally or five
(5) days after mailing if mailed, postage prepaid, by registered or certified mail, return receipt requested, addressed to such party at the address listed below, or at such other address as one such party may by written notice specify to the
other party: 
 If to the Participant, to the Participant’s address as shown in the Company’s records. 

If to the Committee: 
 Nuverra
Environmental Solutions, Inc. 
 14624 North Scottsdale Road, Suite 300 

Scottsdale, Arizona 85254 

Attention:        Compensation Committee of the Board of Directors 

                          
               (with a copy to the Chief Legal Officer of the Company) 

  
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Section 8.    Restrictions on Transfer.
The Awarded RSUs granted hereunder shall not be subject in any manner to anticipation, alienation or assignment, nor shall such Award be liable for, or subject to, debts, contracts, liabilities, engagements or torts, nor shall it be
transferable by you other than by will or by the laws of descent and distribution or as otherwise permitted by the Plan. 

Section 9.    Successors and Assigns.
This Award Agreement shall inure to the benefit of and shall be binding upon the Company and you and each party’s respective heirs, successors and assigns. 

Section 10.     Construction of
Language. Whenever appropriate in this Award Agreement, words used in the singular may be read in the plural, words used in the plural may be read in the singular, and words importing the masculine gender may be read as
referring equally to the feminine or the neuter. Any reference to a section shall be a reference to a section of this Award Agreement, unless the context clearly indicates otherwise. Capitalized terms not specifically defined herein or in the Award
Notice shall have the meanings assigned to them under the Plan. 

Section 11.     Governing Law.
This Award Agreement shall be construed, administered and enforced according to the laws of the State of Delaware without giving effect to the conflict of laws principles thereof, except to the extent that such laws are preempted by federal
law. The federal and state courts having jurisdiction in the State of Delaware, shall have exclusive jurisdiction over any claim, action, complaint or lawsuit brought under the terms of the Plan. By accepting the Award granted under this Award
Agreement, you, and any other person claiming any rights under this Award Agreement, agrees to submit himself or herself, and any such legal action as he or she shall bring under the Plan, to the sole jurisdiction of such courts for the adjudication
and resolution of any such disputes. 
 Section 12.
    Amendment. This Award Agreement may be amended, in whole or in part and in any manner not inconsistent with the provisions of the Plan, at any time and from time to time, by written
agreement between the Company and you. 
 Section 13.     Plan
Provisions Control. This Award Agreement and the rights and obligations created hereunder shall be subject to all of the terms and conditions of the Plan. In the event of any conflict between the provisions of the Plan and
the provisions of this Award Agreement, the terms of the Plan, which are incorporated herein by reference, shall control. By signing this Award Agreement, you acknowledge receipt of a copy of the Plan. You acknowledge that you may not and will not
rely on any statement of account or other communication or document issued in connection with the Awarded RSUs other than the Plan, this Award Agreement, or any document signed by an authorized representative of the Company that is designated as an
amendment of the Plan or this Award Agreement. 
 Section 14.
    409A Compliance. It is intended that the Awarded RSUs granted pursuant to this Award Agreement comply with Section 409A of the Internal Revenue Code of 1986, as amended, and the
Treasury Regulations and other guidance promulgated thereunder (“Section 409A”), and all provisions of this Award Agreement shall be construed, interpreted, and administered in a manner consistent with the requirements for avoiding
taxes or penalties under 

  
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Section 409A. It is further intended that all payments related to, or settlements of, the Awarded RSUs hereunder qualify for the “short-term deferral” exception under
Section 409A. 
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 Exhibit 10.6 

NUVERRA ENVIRONMENTAL SOLUTIONS, INC. 

Federal Taxpayer Identification No.: 26-0287117 

14624 North Scottsdale Road, Suite 300 

Scottsdale, Arizona 85254 
 Notice of Grant of
CEO Stock Options and Stock Option Award Agreement (“Stock Option Award Agreement”) 
 PART I 

 

	A.	Tranche 1 

 Name of Option Holder: Mark D. Johnsrud 

Effective August 7, 2017 (“Grant Date”), you (“Option Holder”) have been granted a nonqualified stock option to buy 354,411 Shares of
NUVERRA ENVIRONMENTAL SOLUTIONS, INC., a Delaware corporation (the “Company”) common stock, par value $0.01 per share (“Shares”), at an exercise price of $37.03 per Share (“Exercise Price”). 

Options for the following Shares will become vested and expire on the date(s) shown: 

 

					
	
Number of Shares
	  	Vesting Date(s)	  	Expiration Date(s)
	 118,137
	  	August 7, 2018	  	August 7, 2024
	 118,137
	  	August 7, 2019	  	August 7, 2024
	 118,137
	  	August 7, 2020	  	August 7, 2024

 By your signature and the Company’s signature below, you and the Company agree that these options are granted under and
governed by the terms and conditions of this Stock Option Award Agreement (including PART I.A. and PART II), all of which are made a part of this document. 

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 NUVERRA ENVIRONMENTAL SOLUTIONS, INC. 

 

							
	Signature:	 	 /s/ Joseph M.
Crabb                                        

	 		 	Date: February 23, 2018
	Print Name:	 	Joseph M. Crabb	 		 	
	Title:	 	Executive Vice President and Chief Legal Officer	 		 	

 OPTION HOLDER 
  

							
	Signature:	 	 /s/ Mark D.
Johnsrud                    
	 		 	Date: February 23, 2018
	Print Name:	 	Mark D. Johnsrud	 		 	

  
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	B.	Tranche 2 

 Name of Option Holder: Mark D. Johnsrud 

Effective August 7, 2017 (“Grant Date”), you (“Option Holder”) have been granted a nonqualified Option to buy 354,411 Shares of
NUVERRA ENVIRONMENTAL SOLUTIONS, INC., a Delaware corporation (the “Company”) common stock, par value $0.01 per share (“Shares”), at an exercise price of $41.31 per Share (“Exercise Price”). 

Options for the following Shares will become vested and expire on the date(s) shown: 

 

					
	
Number of Shares
	  	Vesting Date(s)	  	Expiration Date(s)
	 118,137
	  	August 7, 2018	  	August 7, 2024
	 118,137
	  	August 7, 2019	  	August 7, 2024
	 118,137
	  	August 7, 2020	  	August 7, 2024

 By your signature and the Company’s signature below, you and the Company agree that these options are granted under and
governed by the terms and conditions of this Stock Option Award Agreement (including PART I.B. and PART II), all of which are made a part of this document. 

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 NUVERRA ENVIRONMENTAL SOLUTIONS, INC. 

 

							
	Signature:	 	 /s/ Joseph M. Crabb
	 		 	Date: February 23, 2018
	Print Name:	 	Joseph M. Crabb	 		 	
	Title:	 	Executive Vice President and Chief Legal Officer	 		 	

 OPTION HOLDER 
  

							
	Signature:	 	 /s/ Mark D. Johnsrud
	 		 	Date: February 23, 2018
	Print Name:	 	Mark D. Johnsrud	 		 	

  
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 PART II 

General Terms and Conditions 

Section 1.    Stock Option.
Part I designates the Option as a nonqualified stock option. 
 Section 2.    Exercise Period.
 
 (a)    Subject to Section 2(b), the Option Holder shall have the right to purchase all or any portion
of the optioned Shares at any time during the period (“Exercise Period”) commencing on the applicable vesting date specified in Part I that the vested portion of the Option may be exercised (the “Earliest Exercise Date”) and
ending on the earliest to occur of the following dates: 
  

	 	(i)	the effective date and time of the Option Holder’s termination of service with the Company and/or any of its subsidiaries that is a termination for Cause (as used in this Stock Option Award Agreement, the term
“Cause” shall mean “good cause” as defined in Section 8(b)(ii) of the Option Holder’s April 28, 2017 Amended and Restated Employment Agreement with the Company (as amended from time to time in accordance with the
terms thereof, the “Employment Agreement”)); 

  

	 	(ii)	the last day following the 90-day period following the effective date of Option Holder’s termination of service with the Company and/or any of its subsidiaries that is a
termination without Good Reason (as used in this Stock Option Award Agreement, the term “Good Reason” shall mean “good reason” as defined in Section 8(b) of the Employment Agreement); 

 

	 	(iii)	the last day following the 1-year period following the effective date of a Change in Control of the Company (as used in this Stock Option Award Agreement, the term “Change in
Control” shall have the meaning set forth or referenced in the Employment Agreement); and 

  

	 	(iv)	the earlier of (A) the expiration date(s) specified in Part I of this Stock Option Award Agreement, or (B) the last day of the 1-year period commencing on the date and
time of the termination of all service with the Company and/or its subsidiaries by the Company other than for Cause or by the Option Holder for Good Reason or due to death or disability (within the meaning of Section 22(e)(3) of the Code); and

  

	 	(v)	the expiration date(s) specified in Part I. 

 (b)    To become vested in an
Option, the Option Holder must be in continuous service with the Company and/or its subsidiaries during the period beginning on the Grant Date and ending on the applicable vesting date specified in Part I; provided, however, that all Options not
previously vested will become fully and immediately vested if either (1) the Option Holder’s service with the Company and/or its subsidiaries is terminated by the Company other than for Cause or (2) the Option Holder’s service
with the Company and/or its subsidiaries is terminated by the Option Holder for Good Reason. Additionally and notwithstanding anything in the Award Notice or in this 

  
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Stock Option Award Agreement to the contrary, in the event of a Change in Control of the Company (as defined in the Company’s 2017 Long Term Incentive Plan, as amended from time to time),
all Options shall automatically become fully vested upon the closing of the Change in Control transaction, subject to the Option Holder’s continued service with the Company through such closing. 

(c)    If the Option Holder terminates service with the Company and/or its subsidiaries prior to a vesting date other than
for Good Reason, any unvested Options granted hereunder that are scheduled to vest after such termination of service date are deemed forfeited by the Option Holder. Options that are forfeited will be immediately canceled and will cease to be
exercisable. 
 (d)    Notwithstanding the foregoing, in the event of the Option Holder’s termination of service
with the Company and/or its subsidiaries due to death or disability (within the meaning of Section 22(e)(3) of the Code), unvested Options will be deemed vested as of the Option Holder’s termination of service date. In addition, if the
Option Holder’s termination of service with the Company and/or its subsidiaries is by the Company other than for “Cause” (as defined in Section 2(a)(i) above), the Committee may, in its discretion, vest, as of the Option
Holder’s termination of service date, unvested Options. 

Section 3.    Exercise Price. During the
Exercise Period, and after the applicable Earliest Exercise Date, the Option Holder shall have the right to purchase all or any portion of the optioned Shares at the Exercise Price. 

Section 4.    Method of Exercise. The
Option Holder may, at any time during the Exercise Period provided by Section 2, exercise his or her right to purchase all or any part of the optioned Shares then available for purchase; provided, however, that the minimum number of
optioned Shares which may be purchased shall be one thousand (1,000) or, if less, the total number of optioned Shares then available for purchase. The Option Holder shall exercise such right by: 

(a)    giving written notice to the Committee, in the form attached hereto as Appendix A; and 

(b)    delivering to the Committee full payment of the Exercise Price for the optioned Shares to be purchased. 

The date of exercise shall be the earliest date practicable following the date the requirements of this Section 4 have been satisfied. Payment shall be
made (i) in United States dollars by certified check, money order, official bank check, or wire transfer of immediately available funds, made payable to the order of Nuverra Environmental Solutions, Inc., (ii) with the Committee’s
approval, in Shares duly endorsed for transfer (or using a “constructive delivery” method approved by the Committee), already owned by the Option Holder for more than six (6) months as of the exercise date and having an aggregate Fair
Market Value on the date the Option is exercised equal to the aggregate Exercise Price to be paid, such Fair Market Value to be determined in such manner as may be provided by the Committee or as may be required in order to comply with or conform to
the requirements of any applicable laws or regulations, (iii) if and to the extent permitted by the Committee, by directing the Company to withhold from the Shares to be issued upon exercise of the Option (or a portion thereof) being exercised
a number of Shares having a Fair Market Value equal to the aggregate Exercise 

  
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Price to be paid (a “cashless exercise”), or (iv) in a combination of (i), (ii) and (iii). Payment for any Shares to be purchased upon exercise of an Option may also be made by
delivering a properly executed exercise notice to the Company, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds to pay the Exercise Price and applicable tax
withholding amounts (if any). 
 Section 5.    Delivery of
Optioned Shares. As soon as is practicable following the date on which the Option Holder has satisfied the requirements of Section 4, the Committee shall take such action as is necessary to cause such Shares to be
issued in the name of the Option Holder (either by book-entry registration or issuance of a stock certificate) evidencing the Option Holder’s ownership of the optioned Shares that have been purchased. The Option Holder shall have no right to
vote or to receive dividends, nor have any other rights with respect to the optioned Shares, prior to the date as of which such optioned Shares are transferred to the Option Holder on the stock transfer records of the Company, and no adjustments
shall be made for any dividends or other rights for which the record date is prior to the effective date of such transfer. The obligation of the Company to deliver Shares under this Stock Option Award Agreement shall, if the Committee so requests,
be conditioned upon the receipt of a representation as to the investment intention of the person to whom such Shares are to be delivered, in such form as the Committee shall determine to be necessary or advisable to comply with the provisions of
applicable federal, state or local law. 
 Section 6.    No
Right to Continued Service. Nothing in this Stock Option Award Agreement nor any action of the Board or Committee with respect to this Stock Option Award Agreement shall be held or construed to confer upon the Option Holder
any right to a continuation of service by the Company or any of its subsidiaries. The Option Holder may be dismissed or otherwise dealt with as though this Stock Option Award Agreement had not been entered into. 

Section 7.    Application of Clawback Policy.
Notwithstanding anything in this Stock Option Award Agreement to the contrary, the Option shall be subject to adjustment and/or recovery, in whole or in part, following the date on which they become vested and payable if and to the extent
(i) required by any applicable law, rule or regulation or (ii) provided under the terms of any clawback policy or other policy of similar import adopted by the Company and in effect on the date the Option becomes vested and payable. 

Section 8.    Taxes. Where any person is
entitled to receive Shares pursuant to the exercise of the Option granted hereunder, the Company shall have the right to require such person to pay to the Company the amount of any tax which the Company is required to withhold with respect to such
Shares, or, in lieu thereof, to retain, or to sell without notice, a sufficient number of Shares to cover the amount required to be withheld. 

Section 9.    Notices. Any communication
required or permitted to be given under this Stock Option Award Agreement, including any notice, direction, designation, comment, instruction, objection or waiver, shall be in writing and shall be deemed to have been given at such time as it is
delivered personally or five (5) days after mailing if mailed, postage prepaid, by registered or certified 

  
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mail, return receipt requested, addressed to such party at the address listed below, or at such other address as one such party may by written notice specify to the other party: 

(a)    If to the Committee: 

Nuverra Environmental Solutions, Inc. 

14624 North Scottsdale Road, Suite 300 

Scottsdale, Arizona 85254 

Attention: Compensation Committee and Corporate Secretary 

(b)    If to the Option Holder, to the Option Holder’s address as shown in the Company’s records. 

Section 10.     Restrictions on Transfer.
During Option Holder’s lifetime, the Option granted hereunder is not transferable. 

Section 11.     Successors and Assigns.
This Stock Option Award Agreement shall inure to the benefit of and shall be binding upon the Company and the Option Holder and their respective heirs, successors and assigns. 

Section 12.     Construction of
Language. Whenever appropriate in this Stock Option Award Agreement, words used in the singular may be read in the plural, words used in the plural may be read in the singular, and words importing the masculine gender may
be read as referring equally to the feminine or the neuter. Any reference to a section shall be a reference to a section of this Stock Option Award Agreement, unless the context clearly indicates otherwise. 

Section 13.     Governing Law.
This Stock Option Award Agreement shall be construed, administered and enforced according to the laws of the State of Arizona without giving effect to the conflict of laws principles thereof, except to the extent that such laws are preempted
by federal law. The federal and state courts having jurisdiction in Phoenix, Arizona shall have exclusive jurisdiction over any claim, action, complaint or lawsuit brought under the terms of this Stock Option Award Agreement. By accepting any Option
granted under this Stock Option Award Agreement, the Option Holder, and any other person claiming any rights under the Stock Option Award Agreement, agrees to submit himself or herself, and any such legal action as he or she shall bring, to the sole
jurisdiction of such courts for the adjudication and resolution of any such disputes. 

Section 14.     Amendment.
This Stock Option Award Agreement may be amended, in whole or in part, at any time and from time to time, by written agreement between the Company and the Option Holder. 

Section 15.     Miscellaneous. 

(a)    Existence of Options. The existence of the Options granted hereunder shall not affect in any way the right or
power of the Company, the Board or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any merger or consolidation of the
Company, any issue of debt or equity securities ahead of or affecting Shares or the rights thereof, the dissolution or liquidation of the Company or any sale, lease, exchange or other disposition of all or any part of its assets or business or any
other corporate act or proceeding. 
 (b)    Additional Issuances. Except as expressly provided herein, the
issuance by the Company of shares of stock of any class (including Shares), including upon conversion of shares 

  
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or obligations of the Company convertible into such shares or other securities, and in any case whether or not for fair value, shall not affect, and no adjustment by reason thereof shall be made
with respect to, the number of Shares subject to the Options theretofore granted or the Exercise Price per Share. 

(c)    Subdivision or Consolidation of Shares. The terms of the Options shall be subject to adjustment by the
Committee from time to time, in accordance with the following provisions: 
  

	 	(i)	If at any time, or from time to time, the Company shall subdivide as a whole (by reclassification, by a stock split, by the issuance of a distribution on stock payable in stock, or otherwise) the number of shares of
stock then outstanding into a greater number of shares of stock or in the event the Company distributes an extraordinary cash dividend, then, as appropriate (A) the maximum number of Shares available for delivery with respect to the Options
shall be increased proportionately, (B) the number of Shares that may be acquired under any then outstanding Options shall be increased proportionately, and (C) the Exercise Price for each Share subject to then outstanding Options shall be
reduced proportionately, without changing the aggregate Exercise Price as to which outstanding Options remain exercisable; provided, however, that the adjustment to the number of Shares and the Exercise Price with respect to an outstanding Option
may be made in such other manner as the Committee may determine that is permitted pursuant to applicable tax and other laws, rules and regulations. 

  

	 	(ii)	If at any time, or from time to time, the Company shall consolidate as a whole (by reclassification, by reverse stock split, or otherwise) the number of Shares then outstanding into a lesser number of Shares, then, as
appropriate (A) the maximum number of Shares available for delivery with respect to the Options shall be decreased proportionately, (B) the number of Shares that may be acquired under any then outstanding Options shall be decreased
proportionately, and (C) the Exercise Price for each Share subject to then outstanding Options shall be increased proportionately, without changing the aggregate Exercise Price as to which outstanding Options remain exercisable.

 (d)    Recapitalization. Subject to the vesting provisions of Section 2(b), in the event of
any change in the capital structure or business of the Company or other corporate transaction or event that would be considered an “equity restructuring” within the meaning of ASC Topic 718 and, in each case, that would result in an
additional compensation expense to the Company pursuant to the provisions of ASC Topic 718, if adjustments to the Options with respect to such event were discretionary or otherwise not required (each such an event, an “Adjustment Event”),
then the Committee shall equitably adjust (i) the aggregate number or kind of Shares that thereafter may be delivered upon exercise of the Options, (ii) the number or kind of Shares subject to the Options, and (iii) the terms and
conditions of the Options, including the Exercise Price of the Options to equitably reflect such Adjustment Event (“Equitable Adjustments”). In the event of any change in the capital structure or business of the Company or other corporate
transaction or event that would not be considered an Adjustment Event, and is not otherwise addressed in this 

  
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Section 15, and subject to the vesting provisions of Section 2(b), the Committee shall have complete discretion to make Equitable Adjustments (if any) in such manner as it deems
appropriate with respect to such other event. 
 * * * 

  
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 APPENDIX A TO 

NUVERRA ENVIRONMENTAL SOLUTIONS, INC. 

NOTICE OF GRANT OF STOCK OPTIONS AND
STOCK OPTION AWARD AGREEMENT 
 NOTICE OF
EXERCISE 
 Notice is hereby given pursuant to Section 4 of the General Terms and Conditions of my Stock Option Award Agreement
that I elect to purchase the number of Shares set forth below at the Exercise Price set forth in my Stock Option Award Agreement: 
 Stock Option Award
Agreement dated: February 23, 2018 
 Number of Shares being purchased:
                 
 Total Exercise Price:
$             
 This Notice of Exercise is accompanied by the following (check one):

  

	☐	certified check, money order, official bank check or personal check made payable to the order of the Company in an amount equal to the Exercise Price; 

 

	☐	Shares of the Company already in my possession with a Fair Market Value of                     ;*

  

	☐	I direct the Company to withhold from the Shares to be issued upon exercise of the Option (or portion thereof) being exercised a number of Shares having a Fair Market Value equal to the aggregate Exercise Price to be
paid (a “cashless exercise”); 

 OR 
  

	☐	A combination of the above; I have specified below how I will pay for the Exercise Price and the specific amount for each payment option: 

 

					
	$             	  		  	Payment made in certified check, money order, official bank check or personal check
			
	$             	  	                    	  	Other Company stock in my possession*
			
	$             	  	                    	  	Cashless exercise
			
	$             	  		  	Total Exercise Price

 I agree to provide to the Company such additional documents or information as may be required by the Company. 

OPTION HOLDER 
  

			
	By:	 	  

		 	Print Name: Mark D. Johnsrud

  

	*	If I elect to exercise by exchanging shares I already own, I will constructively return shares that I already own to purchase the new option shares. If my shares are in certificate form, I must attach a separate
statement indicating the certificate number of the shares I am treating as having exchanged. If the shares are held in “street name” by a registered broker, I must provide the Company with a notarized statement attesting to the number of
shares owned that will be treated as having been exchanged. I will keep the shares that I already own and treat them as if they are shares acquired by the option exercise. In addition, I will receive additional shares equal to the difference between
the shares I constructively exchanged and the total new option shares that I acquired.

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