Document:

EX-10.2

 Exhibit 10.2 
  

			
	 General Agreement
 Of
Indemnity
	  	 TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA

Hartford, Connecticut 06183

 We the undersigned, individually and for and on behalf of all other Indemnitors, enter into this General Agreement of
Indemnity (“Agreement”) in favor of Company. Witnesseth: 
 WHEREAS, in the transaction of business, Bonds have heretofore been and/or may
hereafter be executed by Company. In connection with the execution, delivery and/or assumption of obligations of such Bonds, Company requires complete indemnification. 

NOW, THEREFORE, as an inducement to Company and in consideration of Company’s execution and/or delivery of one or more Bonds, refraining from
canceling one or more Bonds, and/or assumption of obligations by Company of one or more Bonds, and for other good and valuable consideration, the Indemnitors jointly and severally agree with Company as follows: 

1. Definitions: For purposes of this Agreement, the following definitions apply, which definitions shall be equally applicable to both the
singular and plural forms of such terms: 
 Bond - Any and all bonds, undertakings, guarantees, contractual obligations, and writings or statements of
prequalification or commitment, including Modifications thereof, which Company has executed or procured, or for which Company has an obligation as a result of an asset purchase, acquisition, merger or like transaction, issued for or on behalf of:
(a) any one or more of the Indemnitors (without regard to whether any such Indemnitor signed this Agreement), their respective present or future direct or indirect parent companies, subsidiaries and affiliates and all of their respective
successors and assigns; (b) any present or future joint venture, co-venture, consortium, partnership, trust, association, limited liability company or other legal entity in which one or more of the persons or entities identified in
sub-paragraph (a) above have an interest; (c) any other person or entity at the request of any of the Indemnitors; or (d) any combination of the above, whether executed or procured before, on, or after the execution of this Agreement.
For the purpose of this definition, “Modifications” shall include but not be limited to renewals, substitutions, riders, endorsements, reinstatements, replacements, increases or decreases in penal sum, continuations, and extensions. 

Company - Travelers Casualty and Surety Company of America, St. Paul Fire and Marine Insurance Company, any of their present or future direct or
indirect parent companies, any of the respective present or future direct or indirect affiliates or subsidiaries of such companies and parent companies, and/or any of the aforementioned entities’ successors or assigns. 

Contract - Any contract or obligation the performance of which is guaranteed or covered either in whole or in part under a Bond. 

Default - Any of the following shall constitute a Default: (a) a declaration of Contract default by any Obligee; (b) actual breach or
abandonment of any Contract; (c) a breach of any provision of this Agreement; (d) failure to make payment of a properly due and owing bill in connection with any Contract; (e) Company’s good faith establishment of a reserve;
(f) improper diversion of Contract funds or any Indemnitor’s assets to the detriment of Contract obligations; (g) any Indemnitor’s becoming the subject of any proceeding or agreement of bankruptcy, receivership, insolvency, or
creditor assignment, or actually becoming insolvent; (h) any Indemnitor’s dying, becoming legally incompetent, being imprisoned, being convicted of a felony, or disappearing and being unable to be located; (i) any representation
furnished to Company by or on behalf of any Indemnitor proving to have been materially false or misleading when made; and/or (j) any change in control or existence of any Indemnitor. Change in control means the addition or departure of any
person or entity having a thirty percent (30%) or greater ownership interest in any Indemnitor. 
 Indemnitors - Undersigned, all new
indemnitors added to this Agreement by rider, their present and future direct and indirect subsidiaries, affiliates in which any of the undersigned exercise operating control, and parent companies, and all of their successors and assigns, and any
joint venture, co-venture, consortium, partnership, trust, association, limited liability company or other legal entity in which one or more of them are involved, whether in existence now or formed or acquired hereafter, and any entity that obtains
Bonds from Company at the request of any of the aforementioned parties, or any combination of the above. 
 Loss - All loss and expense of any kind
or nature, including attorneys’ and other professional fees, which Company incurs in connection with any Bond or this Agreement, including but not limited to all loss and expense incurred by reason of Company’s: (a) making any
investigation in connection with any Bond; (b) prosecuting or defending any action in connection with any Bond; (c) obtaining the release of any Bond; (d) recovering or attempting to recover Property in connection with any Bond or
this Agreement; (e) enforcing by litigation or otherwise any of the provisions of this Agreement; and (f) all interest accruing thereon at the maximum legal rate. 

Obligee - Any person or entity in whose favor a Bond has been issued, and that person’s or entity’s successors and assigns. 

Property - Indemnitors’ rights, title and interest, whether now held or hereafter acquired in: (a) any Contract or contract, including but
not limited to subcontracts let; (b) any and all sums due or which may hereafter become due under any Contract or contract, and all damage claims and proceeds related thereto; (c) all rights arising under any surety bonds or insurance
policies; and (d) any and all accounts receivable, letters of credit, documents of title, bills of lading, warehouse receipts, machinery, plants, equipment, tools, materials, supplies, inventory, vehicles, hardware, software, machine tools,
fixtures, office equipment, books, records, designs, licenses, patents, intellectual property, as-builts, construction drawings and documents, and all electronically stored information. 

2. Payment of Premium: Indemnitors shall pay to Company all premiums for each Bond executed and all renewals and extensions thereof. 

3. Indemnification and Hold Harmless: Indemnitors shall exonerate, indemnify and save Company harmless from and against all Loss. An itemized,
sworn statement by an employee of Company, or other evidence of payment, shall be prima facie evidence of the propriety, amount and existence of Indemnitors’ liability. Amounts due to Company shall be payable upon demand. 

4. Claim Settlement: Company shall have the right, in its sole discretion, to determine for itself and Indemnitors whether any claim, demand or
suit brought against Company or any Indemnitor in connection with or relating to any Bond shall be paid, compromised, settled, tried, defended or appealed, and its determination shall be final, binding and conclusive upon the Indemnitors. Company
shall be entitled to immediate reimbursement for any and all Loss incurred under the belief it was necessary or expedient to make such payments. 

  
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 5. Collateral Security:
Indemnitors agree to deposit with Company, upon demand, an amount as determined by Company sufficient to discharge any Loss or anticipated Loss. Indemnitors further agree to deposit with Company, upon demand, an amount equal to the value of any
assets or Contract funds improperly diverted by any Indemnitor. Sums deposited with Company pursuant to this paragraph may be used by Company to pay such claim or be held by Company as collateral security against any Loss or unpaid premium on any
Bond. Company shall have no duty to invest, or provide interest on, the deposit. Indemnitors agree that Company would suffer irreparable damage and would not have an adequate remedy at law if Indemnitors fail to comply with the provisions of this
paragraph. 
 6. Remedies: In the event of a Default, Indemnitors assign, convey and transfer to Company all of their rights, title and
interests in Property, and Company shall have a right in its sole discretion to: (a) take possession of the work under any Contract and to complete said Contract, or cause, or consent to, the completion thereof; (b) immediately take
possession of Indemnitors’ Property, and utilize the Property for the completion of the work under the Contracts without payment for such use; (c) assert or prosecute any right or claim in the name of any Indemnitor and to settle any such
right or claim as Company sees fit; (d) execute in the name of any Indemnitor, any instruments deemed necessary or desirable by Company to: (i) provide Company with title to assets, (ii) take immediate possession of Contract funds
whether earned or unearned, (iii) collect such sums as may be due Indemnitors and to endorse in the name of Indemnitors, and (iv) collect on any negotiable instruments; (e) require any Obligee to withhold payment of Contract funds
unless and until Company consents to its release; and/or (f) be subrogated to all the rights, remedies, properties, funds, securities and receivables relating to Indemnitors’ Contracts or contracts and have the right to offset losses on
any Contract or Bond against proceeds, funds, or property due from another Contract, bond or contract. Further, in the event of Default and upon demand Indemnitors shall direct that all payments, monies, and properties that are due or may become due
on any Contract or contract be made payable to, and/or sent directly to, Company, and shall issue whatever writing or notices as deemed necessary by Company to effectuate the default and/or termination of any Contract. 

7. Joint and Several Liability: The obligations of Indemnitors hereunder are joint and several. Company is authorized to settle with any one or
more of the Indemnitors individually, and without reference to the others, and any such settlements shall not bar or prejudice actions by Company against or affect the liability of the other Indemnitors hereunder. 

8. Decline Execution: Company has the right, for any reason, to decline to execute: (a) any Bond, including final Bonds where Company
provided a bid Bond; (b) any Bond rider or consent authorizing any change to any Bond; and/or (c) any other consent of surety, without incurring any liability or waiving any right. 

9. Trust Fund: All payments due or received for or on account of any Contract, whether or not in the possession of any Indemnitor, shall be held
in trust as trust funds by Indemnitors for the benefit and payment of all obligations for which Company as beneficiary may be liable under any Bond. Company may open a trust account or accounts with a bank for the deposit of the trust funds. Upon
demand, Indemnitors shall deposit therein all trust funds received. Withdrawals from such trust accounts shall require the express consent of Company. 

10. Books, Records and Credit: Indemnitors shall furnish upon demand, and Company shall have the right of free access to, at reasonable times,
the records of Indemnitors including, but not limited to, books, papers, records, documents, contracts, reports, financial information, accounts and electronically stored information, for the purpose of examining and copying them. Indemnitors
expressly authorize Company to access their credit records, including, but not limited to, account numbers and/or account balances from financial institutions. To the extent required by law, Indemnitors, upon request, shall be informed whether or
not a consumer report has been requested by Company, and if so, of the name and address of the consumer reporting agency furnishing the report. 
 11.
Attorney in Fact: Indemnitors irrevocably constitute, appoint and designate Company as their attorney in fact with the right, but not the obligation, to exercise all rights of Indemnitors assigned or granted to Company and to execute and
deliver any other assignments, documents, instruments or agreements deemed necessary by Company to exercise its rights under this Agreement in the name of any Indemnitor. 

12. Security Interest: As security for their obligations hereunder, Indemnitors hereby grant to Company a security interest in the following
properties, assets and rights of Indemnitors, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof: all goods (including inventory, equipment and any accessions thereto), instruments (including
promissory notes), documents, accounts, chattel paper, deposit accounts, letter-of-credit rights, securities and all other investment property, supporting obligations, any Contract or contract rights or rights to the payment of money, insurance
claims and proceeds, and all general intangibles (the “Collateral”). This Agreement shall for all purposes constitute a Security Agreement for the benefit of Company in accordance with the Uniform Commercial Code (“UCC”) and all
similar statutes. Indemnitors hereby irrevocably authorize Company, without notice to any Indemnitor, in order to perfect the security interest granted herein, to file either: (a) this Agreement or a copy or other reproduction of this
Agreement; or (b) any initial financing statements or amendments thereto that indicate the Collateral as all assets of Indemnitors or words of similar effect, as being of an equal or lesser scope or with greater detail and that contain any
other information relating to any Indemnitor required by Part 5 of Article 9 of the UCC for the jurisdiction where such financing statement or amendment is filed. Company may add schedules or other documents to this Agreement as necessary to perfect
its rights. The failure to file or record this Agreement or any financing statement shall not release or excuse any of the obligations of Indemnitors under this Agreement. 

13. Termination: This is a continuing Agreement, which remains in full force and effect until terminated. The sole method available to
Indemnitors to terminate their participation in this Agreement is by giving written notice to Company of Indemnitors’ intent to terminate. Such notice shall be sent to St. Paul Travelers Bond, Attention: Construction Services – Bond, One
Tower Square, 5PB, Hartford, Connecticut 06183. The termination shall take effect thirty (30) days after Company receives such notice (“Termination Date”). The notice shall not relieve Indemnitor from its obligations for any Bond
executed prior to the Termination Date or with respect to any Bond executed after the Termination Date: (a) upon the award of a Contract to any Indemnitor on a bid or proposal in respect of which Company has executed or procured a bid Bond
prior to the Termination Date; or (b) which Company has become committed to execute or procure prior to the Termination Date; or (c) in connection with any maintenance, guarantee, claim, lien, litigation, or other matter involving or
relating to any Bond executed prior to the Termination Date or thereafter executed or procured as provided in sub-paragraphs (a) or (b) above. 

  
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 14. Jurisdiction: In any
legal proceeding brought by or against Company that in any way relates to this Agreement, each Indemnitor, for itself and its property, irrevocably and unconditionally submits to the exclusive jurisdiction, at the sole and exclusive option of
Company, of the courts in any state in which any Indemnitor resides, has property, or in which any Contract is performed. Indemnitors hereby irrevocably and unconditionally submit to the jurisdiction of said courts and waive and agree not to assert
any claim that they are not subject to the jurisdiction of any such court, that such proceeding is brought in an inconvenient forum or that the venue of such proceeding is improper. 

15. Other Sureties: If Company procures the execution of Bonds by other sureties, executes Bonds with co-sureties or obtains reinsurance, the
provisions of this Agreement inure to the benefit of such other surety, co-surety or reinsurer, but only as to such Bonds. 
 16. Nature of
Rights: If any provision or portion of this Agreement is or becomes unenforceable, this Agreement shall not be void, but shall be construed and enforced with the same effect as though such provision or portion were omitted. This Agreement is
in addition to and not in lieu of any other agreement of indemnity, whether now existing or entered into hereafter. Company shall be entitled to specific performance of the terms of this Agreement in addition to any other remedy at law or equity.
Time is of the essence in this Agreement. Whenever the context may require, any pronoun used in this Agreement shall include the corresponding masculine, feminine and neuter forms. The rights and remedies afforded to Company by the terms of this
Agreement can only be modified by a written rider to this Agreement signed by an authorized representative of Company. If any Indemnitor fails to execute or improperly executes this Agreement or is otherwise found not to be bound under this
Agreement, such failure or finding shall not affect the obligations of the other Indemnitors. The failure to sign or the improper execution of a Bond shall not affect Company’s rights under this Agreement, and Indemnitors waive any claim they
may have, now or at any time in the future, arising out of the failure to sign or properly execute a Bond. Termination and/or limitation of any Indemnitors’ obligations under this Agreement shall in no way affect the obligations of any of the
other Indemnitors whose obligations have not been terminated and/or limited. Indemnitors acknowledge this Agreement can be amended via rider to add another person, entity or entities as Indemnitor(s) to this Agreement and Indemnitors waive any and
all notice in connection with the addition of additional Indemnitors and further acknowledge the rights and obligations provided herein shall apply to all Indemnitors whenever made a party to the Agreement. 

17. Jury Waiver: Indemnitors hereby waive and covenant that they will not assert any right to trial by jury in respect to any legal proceeding
arising out of this Agreement. 
 18. Resolution: Indemnitors have a substantial, material and beneficial interest: (a) in the obtaining
of Bonds by any of the Indemnitors; and (b) in the transaction(s) for which any Indemnitor has applied or will apply to Company for Bonds pursuant to this Agreement. Indemnitors have the full power and authority to execute, deliver and perform
this Agreement and to carry out the obligations stated herein. Indemnitors further acknowledge and agree that: (x) the execution, delivery and performance of this Agreement by such Indemnitors; (y) the compliance with the terms and
provisions hereof; and (z) the carrying out of the obligations contemplated herein, do not, and will not, conflict with and will not result in a breach or violation of any terms, conditions or provisions of the charter documents or bylaws of
such Indemnitors, or any law, governmental rule or regulation, or any applicable order, writ, injunction, judgment or decree of any court or governmental authority against Indemnitors, or any other agreement binding upon Indemnitors, or constitute a
default thereunder. 
  

	19.	Date of Agreement: The date of this Agreement shall be the earliest date any Indemnitor executes this Agreement. 

WE HAVE READ THIS INDEMNITY AGREEMENT CAREFULLY. THERE ARE NO SEPARATE AGREEMENTS OR UNDERSTANDINGS WHICH IN ANY WAY LESSEN OUR OBLIGATIONS AS ABOVE SET
FORTH. IN TESTIMONY HEREOF, WE THE INDEMNITORS HAVE SET OUR HANDS AND FIXED OUR SEALS AS SET FORTH BELOW. 
  

					
	IMPORTANT:	  	 1.      

2.      
  

3.      
	 	 PRINT OR TYPE NAMES UNDER EACH SIGNATURE.
 ALL
PERSONAL INDEMNITORS MUST PROVIDE A RESIDENTIAL ADDRESS AND SOCIAL SECURITY NUMBER AND EACH SIGNATURE MUST BE NOTARIZED.
 ALL ENTITY INDEMNITORS MUST
PROVIDE AN ADDRESS AND FEDERAL TAX IDENTIFICATION NUMBER, IF APPLICABLE, AND EACH SIGNATURE MUST BE NOTARIZED.

 If
Indemnitor a Corporation, Limited Liability Company, Partnership, or Trust, sign below: 
 Instructions: All signatures must be notarized. If the entity
is: 1) a corporation, the secretary and an authorized officer should sign on behalf of the corporation; 2) a limited liability company, the manager(s) or member(s) should sign on behalf of the LLC; 3) a partnership, the partner(s) should sign on
behalf of the partnership; or 4) a trust, all trustees should sign. Two signatures are required for all entities except where otherwise instructed by Company. 

Each of the undersigned hereby affirms to Company as follows: I am a duly authorized official of the business entity Indemnitor on whose behalf I am executing
this Agreement. In such capacity I am familiar with all of the documents which set forth and establish the rights which govern the affairs, power and authority of such business entity including, to the extent applicable, the certificate or articles
of incorporation, bylaws, corporate resolutions, and/or partnership, operating or limited liability agreements of such business entity. Having reviewed all such applicable documents and instruments and such other facts as deemed appropriate, I
hereby affirm that such entity has the power and authority to enter into this Agreement and that the individuals executing this Agreement on behalf of such entity are duly authorized to do so. 

  
 Page 3 

									
	Layne Christensen Company	 	 	  		  	48-0920712	  	9/02/2014
	Indemnitor – Corporation	 		  		  	(Federal Tax ID)	  	Month/Day/Year
					
	By /s/ Andy Atchison	 	(Seal)	  		  	By /s/ Steven F. Crooke	  	(Seal)
		 	(Signature of Authorized Official)	  		  		  	(Signature of Authorized Official)
			
	Andy Atchison, Chief Financial Officer	  		  	Steven F. Crooke, Secretary
		 	(Print or Type Name and Title)	  		  		  	(Print or Type Name and Title)
				
	 1800 Hughes Landing Boulevard, Suite 700

The Woodlands, TX 77380
	  		  	Delaware	  	 
		 	(Address)	  		  		  	(State of Incorporation / Formation)

 ACKNOWLEDGEMENT 
 STATE OF
Texas                             County of
                             

On this         day of
                    ,         , before me personally appeared
                            , known or proven to me to be the
                                of the entity executing the foregoing instrument
(“Entity”), and                         , known or proven to me to be the
                         of the Entity, and they acknowledged said instrument to be the free and voluntary act and deed of Entity
for the uses and purposes therein mentioned and on oath stated that the seal affixed is the seal of Entity and that it was affixed and that they executed said instrument by authority of Entity. IN WITNESS WHEREOF, I have hereunto set my hand and
affixed my OFFICIAL SEAL the day and year first above written. 
  

									
		  		  		  	Notary
Public                                (signature)
				
		  		  		  	Notary
Public                                (print or type)
				
		  		  		  	Notary Public residing at:
				
		  		  		  	Commission expires:

  

									
	Layne Inliner, LLC	 		  	01-0684682
	Indemnitor – Limited Liability Company	 		  	(Federal Tax ID)	  	Month/Day/Year
					
	By /s/ Andy Atchison	 	(Seal)	 		  	By /s/ Steven F. Crooke	  	(Seal)
	(Signature of Authorized Official)	 		  	(Signature of Authorized Official)
			
	Andy Atchison, Senior VP and CFO	 		  	Steven F. Crooke, Secretary
	(Print or Type Name and Title)	 		  	(Print or Type Name and Title)
			
	333 Swanson Drive, Suite 133, Lawrenceville, GA 30043	 		  	Indiana
		 	(Address)	 		  	(State of Incorporation / Formation)

 ACKNOWLEDGEMENT 
 STATE OF
Texas                             County of
                             

On this         day of
                        ,         , before me personally appeared
                        , known or proven to me to be the
                         of the entity executing the foregoing instrument (“Entity”), and
                            , known or proven to me to be the
                            of the Entity, and they acknowledged said instrument to be the free and voluntary
act and deed of Entity for the uses and purposes therein mentioned and on oath stated that the seal affixed is the seal of Entity and that it was affixed and that they executed said instrument by authority of Entity. IN WITNESS WHEREOF, I have
hereunto set my hand and affixed my OFFICIAL SEAL the day and year first above written. 
  

									
		  		  		  	Notary
Public                                (signature)
				
		  		  		  	Notary
Public                                (print or type)
				
		  		  		  	Notary Public residing at:
				
		  		  		  	Commission expires:

  
 Page 4 

									
	Layne Heavy Civil, Inc.	 	 	 		  	20-3512785	  	 
	Indemnitor – Corporation	 		 		  	(Federal Tax ID)	  	Month/Day/Year                
					
	By /s/ Andy Atchison	 	(Seal)	 		  	By /s/ Steven F. Crooke	  	(Seal)
	(Signature of Authorized Official)	 		  	(Signature of Authorized Official)
			
	 Andy Atchison, Senior VP & CFO
	 		  	 Steven F. Crooke, Secretary

	(Print or Type Name and Title)	 		  	(Print or Type Name and Title)
			
	4520 North State Road 37, Orleans, IN 47452	 		  	Indiana
	(Address)	 		  	(State of Incorporation / Formation)

 ACKNOWLEDGEMENT 
 STATE OF
Texas                             County of
                                         
    
 On this         day
of                     ,         , before me personally appeared
                    , known or proven to me to be
the                     of the entity executing the foregoing instrument (“Entity”),
and                     , known or proven to me to be the
                     of the Entity, and they acknowledged said instrument to be the free and voluntary act and deed of Entity for the uses and
purposes therein mentioned and on oath stated that the seal affixed is the seal of Entity and that it was affixed and that they executed said instrument by authority of Entity. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my OFFICIAL
SEAL the day and year first above written. 
  

					
	Notary Public	  	(signature)	  	 
			
		  		  	
	Notary Public	  	(print or type)	  	 
			
	Notary Public residing at: 	  		  	
			
	Commission expires: 	  		  	

  

									
					
	Layne Southwest, Inc.	 	 	 		  	27-1373226 	  	 
	Indemnitor – Corporation	 		 		  	(Federal Tax ID)	  	Month/Day/Year        
					
	By /s/ Andy Atchison	 	(Seal)	 		  	By /s/ Steven F. Crooke	  	(Seal)
	(Signature of Authorized Official)	 		  	(Signature of Authorized Official)
			
	Andy Atchison, Senior VP & CFO	 		  	Steven F. Crooke, Secretary
	(Print or Type Name and Title)	 		  	(Print or Type Name and Title)
			
	515 Wheeler Avenue SE, Albuquerque, NM 87102	 		  	New Mexico
	(Address)	 		  	(State of Incorporation / Formation)

 ACKNOWLEDGEMENT 
 STATE OF
Texas                             County of
                                         
    
 On this         day of
                    ,         , before me personally appeared
                    , known or proven to me to be the
                         of the entity executing the foregoing instrument (“Entity”),
and                     , known or proven to me to be
the                         of the Entity, and they acknowledged said instrument to be the free and voluntary act and deed of
Entity for the uses and purposes therein mentioned and on oath stated that the seal affixed is the seal of Entity and that it was affixed and that they executed said instrument by authority of Entity. IN WITNESS WHEREOF, I have hereunto set my hand
and affixed my OFFICIAL SEAL the day and year first above written. 
  

					
	Notary Public	  	(signature)	  	 
			
		  		  	
	Notary Public	  	(print or type)	  	 
			
	Notary Public residing at: 	  		  	
			
	Commission expires: 	  		  	

  
 Page 5 

									
	Bencor Corporation of America a Foundation Specialist	 		  	20-3512785	  	 
	Indemnitor – Corporation	 		 		  	(Federal Tax ID)	  	Month/Day/Year                
					
	By /s/ Andy Atchison	 	(Seal)	 		  	By /s/ Steven F. Crooke	  	(Seal)
	(Signature of Authorized Official)	 		  	(Signature of Authorized Official)
			
	 Andy Atchison, Senior VP & CFO
	 		  	 Steven F. Crooke, Secretary

	(Print or Type Name and Title)	 		  	(Print or Type Name and Title)
			
	   1800 Hughes Landing Boulevard, Suite 700

  The Woodlands, TX 77380
	 		  	Delaware
	(Address)	 		  	(State of Incorporation / Formation)

 ACKNOWLEDGEMENT 
 STATE OF
Texas                         County of
                                     

On this         day of
                    ,         , before me personally appeared
                    , known or proven to me to be the
                    of the entity executing the foregoing instrument (“Entity”), and
                        , known or proven to me to be the
                         of the Entity, and they acknowledged said instrument to be the free and voluntary act and deed of Entity
for the uses and purposes therein mentioned and on oath stated that the seal affixed is the seal of Entity and that it was affixed and that they executed said instrument by authority of Entity. IN WITNESS WHEREOF, I have hereunto set my hand and
affixed my OFFICIAL SEAL the day and year first above written. 
  

					
	Notary Public	  	(signature)	  	 
			
		  		  	
	Notary Public	  	(print or type)	  	 
			
	Notary Public residing at: 	  		  	
			
	Commission expires: 	  		  	

  

									
	Reynolds Water Islamorada, LLC 	 		  	45-3670324	  	 
	Indemnitor – Corporation	 		 		  	(Federal Tax ID)	  	Month/Day/Year                
					
	By /s/ Andy Atchison	 	(Seal)	 		  	By /s/ Steven F. Crooke	  	(Seal)
	(Signature of Authorized Official)	 		  	(Signature of Authorized Official)
			
	 Andy Atchison, Senior VP & CFO
	 		  	 Steven F. Crooke, Secretary

	(Print or Type Name and Title)	 		  	(Print or Type Name and Title)
			
	   1800 Hughes Landing Boulevard, Suite 700

  The Woodlands, TX 77380
	 		  	Delaware
	(Address)	 		  	(State of Incorporation / Formation)

 ACKNOWLEDGEMENT 
 STATE OF
Texas                         County of
                                     

On this         day of
                    ,         , before me personally appeared
                    , known or proven to me to be the
                    of the entity executing the foregoing instrument (“Entity”), and
                        , known or proven to me to be the
                         of the Entity, and they acknowledged said instrument to be the free and voluntary act and deed of Entity
for the uses and purposes therein mentioned and on oath stated that the seal affixed is the seal of Entity and that it was affixed and that they executed said instrument by authority of Entity. IN WITNESS WHEREOF, I have hereunto set my hand and
affixed my OFFICIAL SEAL the day and year first above written. 
  

					
	Notary Public	  	(signature)	  	 
			
		  		  	
	Notary Public	  	(print or type)	  	 
			
	Notary Public residing at: 	  		  	
			
	Commission expires: 	  		  	

  
 Page 6EX-10.3

 Exhibit 10.3 

LAYNE CHRISTENSEN COMPANY 

DIVISION INCENTIVE COMPENSATION PLAN 

EFFECTIVE FEBRUARY 1, 2014 
  

 
  

SECTION I. Definitions. 
 In addition to
the terms defined elsewhere throughout this Plan (as defined in Section II below), the following terms shall have the following meanings: 

“Committee” shall mean the administrative committee of this Plan (as defined in Section III below). 

“Company” shall mean Layne Christensen Company and its subsidiaries. 

“Divisions” shall mean the Water Resource, Minerals, GEO, Energy Services, Heavy Civil and Inliner Divisions. 

“Pool” shall mean the bonus pool established for each Division for each fiscal year. 

SECTION II. Purpose of the Plan. 
 The
Company desires to effect a program of making awards as soon as practicable after the end of each fiscal year, as provided below, to certain employees of the Divisions who during such fiscal year, in the judgment of the Committee, have significantly
contributed to the achievement of certain objectives in promoting the best interests and profitable operation of the employee’s Division and the Layne Christensen Company. 

This program shall be known as the “Layne Christensen Company Division Incentive Compensation Plan” (hereinafter referred to as the
“Plan”). This Plan supersedes any prior divisional incentive compensation plans. 
 SECTION III. Administration. 

The Plan shall be administered by the Committee. The Committee shall consist of at least three persons appointed by the Board of Directors of
the Company. Except as otherwise permitted by the Board of Directors of the Company, during the one-year period prior to the commencement of service of a Committee member on the Committee, such member shall not have participated in, and while
serving and for one year after serving on the Committee, such member shall not be eligible for participation in, the Plan. 
 The Committee
shall have full power, in its sole discretion, to interpret, construe and administer the Plan and adopt rules and regulations relating to the Plan. 

Decisions made by the Committee in good faith and in the exercise of its powers and duties hereunder shall be binding upon all parties
concerned. No member of the Committee shall be liable to anyone for any action taken or decision made in good faith pursuant to the power or discretion vested in such person under the Plan. 

SECTION IV. Participation. 
 All salaried
exempt and administrative non-union employees of the Divisions (other than those employees participating in the Layne Christensen Company Executive Short Term Incentive Plan) shall be eligible for participation in the Plan (and shall hereinafter be
referred to as “Participants”). 

 In addition to the Participants and at the discretion of the Committee, a portion of the Pool may
be set aside for payment to employees of the Divisions who do not participate in any other Company bonus or incentive program. 
 SECTION V. Selection of
Targets. 
 As soon as practical after the commencement of each fiscal year, the Board will establish one or more performance targets
(the “Company Target”) for the Company, and the Company shall establish one or more performance targets for each Division and Participant (the “Division Targets”). The Company Target and the Division Targets shall be weighted as
follows: 
  

																	
	 7 Levels
	  	Target Bonus
as % of Salary	 	 	Consolidated
Performance	 	 	Division
Performance	 	 	Individual
Performance	 
	 3d – Division VPs and GMs
	  	 	40.0	% 	 	 	20	% 	 	 	60	% 	 	 	20	% 
	 4d – Division Directors
	  	 	25.0	% 	 	 	20	% 	 	 	50	% 	 	 	30	% 
	 5d – Division Sr. Managers
	  	 	15.0	% 	 	 	20	% 	 	 	50	% 	 	 	30	% 
	 6d – Division Managers
	  	 	12.5	% 	 	 	20	% 	 	 	50	% 	 	 	30	% 
	 7d – Supervisors
	  	 	10.0	% 	 	 	20	% 	 	 	40	% 	 	 	40	% 
	 8d – Division Exempt
	  	 	7.5	% 	 	 	20	% 	 	 	40	% 	 	 	40	% 
	 9d – Division Administrative & Non-Exempt (non-Union)
	  	 	5	% 	 	 	20	% 	 	 	40	% 	 	 	40	% 

 SECTION VI. Generation of Division Bonus Pools. 

During each fiscal year, a Pool shall be established for each Division in an amount equal to the total incentive compensation that would be
payable based on the chart included in Section V above if the Company Targets and the Division Targets were achieved. Except where the Company has experienced or is experiencing extraordinary adverse circumstances (as determined by the Company in
its discretion), the Pool shall be equally funded based on achievement of the Company Targets and the Division Targets. Should only the Company Targets or the Division Targets (but not both) be achieved, the Pool shall be funded at a fifty percent
(50%) level. Should neither the Company Targets nor the Division Targets be achieved, the Pool will not be funded. 
 SECTION VII. Determination of
Amount of Award. 
 The amount of incentive award to be granted from the Division Pool to a Participant shall be determined by the
Committee with input from Division management. The amount of the individual awards shall be discretionary and in the sole judgment of the Committee, based upon the Participant’s performance for the fiscal year in which the incentive award is
based, provided, however, that the amount of any cash incentive award shall not exceed: (i) 100% of the Participant’s annual regular salary for Participants included in Levels 3d and 4d (as set forth in Section V above), (ii) 75% of
the Participant’s annual regular salary for Participants included levels 5d and 6d, (iii) 50% of the Participant’s annual regular salary for Participants included levels 7d and 8d and (iv) 25% of the Participant’s annual
regular salary for Participants included in level 9d. The term “annual regular salary” shall mean the annual regular salary of the Participant as of the first day of such fiscal year. 

  
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 SECTION VIII. Type of Award. 

The incentive compensation award will be paid in cash or, as permitted under the Company’s 2006 Equity Incentive Plan, in shares of
restricted or unrestricted common stock of the Company, or a combination of any of the foregoing as determined by the Board of Directors of the Company or the Compensation Committee thereof. To the extent such award is payable in stock, the
Participant shall receive the Company’s common stock, par value $.01 per share. 
 SECTION IX. Termination of Employment. 

In the event a Participant voluntarily terminates his or her employment with the Company at any time prior to the close of the fiscal year, the
Participant will not be eligible for any award otherwise payable for the fiscal year. 
 In the event a Participant is involuntarily
terminated (without cause) prior to the close of the fiscal year, the Participant will be considered for receipt of the award he or she would have otherwise received (as determined by the Committee in its sole discretion) and, if awarded, prorated
to reflect the length of the Participant’s service during the relevant fiscal year. The Committee will take into consideration the circumstances of the termination in determining the propriety and amount of the award. The Company’s payment
of severance or post-employment salary support to a Participant will not be considered part of the Participant’s annual regular salary for purposes of the Plan. 

SECTION X. Miscellaneous. 
 There shall be
deducted from each cash payment made under the Plan the amount of any tax required by any governmental authority to be withheld by the Company with respect to such payment. A Participant receiving stock hereunder shall have deducted by the Company
from the award the amount of any taxes which the Company is required by any governmental authority to withhold with respect to such stock prior to calculation of the number of shares of stock to be awarded. 

Nothing in the Plan shall be construed to give any person any benefit, right or interest except as expressly provided herein, and nothing in
the Plan shall be construed as establishing any right of continued employment by the Company. 
 A Participant’s rights and interests
under the Plan may not be assigned or transferred. In the case of a Participant’s death prior to payment of a Participant’s award, payment in an amount equal to what the Participant would have otherwise received had he or she been employed
on the last day of the fiscal year (as determined by the Committee in its sole discretion), prorated to reflect the length of the Participant’s service during the relevant fiscal year, shall be made to the personal representatives of the
Participant’s estate or such other person or persons as the Committee deems appropriate. 
 The Board of Directors of the Company, or
the Compensation Committee thereof, may discontinue the Plan, in whole or in part, at any time, or may, from time to time, amend the Plan in any respect that such Board (or Committee) may deem advisable. In the event the Plan is terminated, no
further payments will be made under the Plan. 
 SECTION XI. Effective Date. 

The Plan, as amended, shall be effective as of February 1, 2014. 

  
 3

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