Document:

Ken Huseman Restricted Stock Grant Agreement

		

			 

		

		
			Exhibit 10.2
		

		
			BASIC ENERGY SERVICES, INC.
		

		
			RESTRICTED STOCK GRANT AGREEMENT
		

		
			(Grantee Executing a Non-Competition Agreement for Retirees)
		

		
			Grantee: KENNETH V. HUSEMAN
		

		
			1.  Grant of Stock.  Basic Energy Services, Inc. (formerly BES Holding Co.), a Delaware corporation (the “Company”), hereby grants to the Grantee (identified above), an employee of the Company, the number of shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”), identified in Section 12 below (the “Shares”), subject to the terms and conditions of this agreement (the “Retiree Agreement”), the  Fifth Amended and Restated Basic Energy Services, Inc. 2003 Incentive Plan (as amended, the “Plan”) and the Grantee Non-Competition Agreement for Retirees (the “Non-Compete Agreement”), a form of which is attached hereto as Exhibit A.  This Retiree Agreement is made as contemplated by and in accordance with the prior restricted stock grant agreement(s) between the Company and Grantee.  The issuance by the Company of the Shares shall be deemed to occur effective on the Grant Date (identified in Section 12 below), and will equal the number of all other unvested shares of restricted stock that are held by the Grantee and forfeited on the date of retirement of the Grantee.  The Plan and the Non-Compete Agreement are hereby incorporated into this Retiree Agreement in its entirety by reference.  Upon the expiration of the applicable vesting periods identified in Section 12 below, the Shares delivered to Grantee shall be fully paid and nonassessable.  
		

		
			 
		

		
			2.  Definitions.  All capitalized terms used herein shall have the meanings set forth in the Plan unless otherwise provided herein.  Section 12 below sets forth meanings for certain of the capitalized terms used in this Retiree Agreement.
		

		
			3.  Vesting Term.  Subject to earlier forfeiture in accordance with the terms of the Non-Compete Agreement in the event of Grantee’s breach of the Non-Compete Agreement, the Shares granted to Grantee hereunder on the Grant Date will vest in the Grantee in the respective amounts and on the respective dates set forth in Section 12 below, or, if earlier, on the death of Grantee.
		

		
			4.  Consideration.  Grantee hereby agrees that Grantee’s execution of the Non-Compete Agreement and Grantee’s compliance with the terms and provisions contained therein are the sole consideration for the issuance by the Company of the Shares pursuant to this Retiree Agreement. 
		

		
			5.  Restriction on Shares.    
		

		
			(a)  The Shares granted to Grantee hereunder shall be maintained in book entry form or the stock certificates shall be retained in the possession of the Company until vested in the Grantee as provided in Sections 3 and 12 hereof.  
		

		 

		

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			(b)  In the event of a breach by the Grantee of any covenant or agreement contained in the Non-Compete Agreement, all Shares that are unvested on the date of such breach will be automatically and immediately forfeited by the Grantee. 
		

		
			(c)  At such time as the vesting period is satisfied, a certificate for the Shares no longer subject to forfeiture will be delivered to the Grantee without the legend set forth in Section 5(e) below.  
		

		
			(d)  From and after the date of this Grant and prior to any forfeiture of the Shares, the Grantee shall be entitled to vote the Shares and shall be entitled to receive any cash dividends payable on the Shares.  Any stock dividends applicable to the Shares shall be retained by the Company until the vesting period of the Shares on which the stock dividend was issued is satisfied.
		

		
			(e)  Any book entry of shares or certificate representing the Shares granted hereunder shall be issued to the Grantee pursuant to the terms of the Plan as of the Grant Date and shall be marked with the following legend:
		

		
			“The shares represented by this certificate have been issued pursuant to the terms of the Fifth Amended and Restated Basic Energy Services, Inc. 2003 Incentive Plan, as amended, and may not be sold, pledged, transferred, assigned or otherwise encumbered in any manner except as set forth in the terms of such Plan or Award Agreement dated effective September 30, 2013”
		

		
			6.  Independent Legal and Tax Advice.  Grantee acknowledges that the Company has advised Grantee to obtain independent legal and tax advice regarding the grant of the Shares in accordance with this Retiree Agreement and any disposition of any such Shares.
		

		
			7.  Reorganization of Company.  The existence of this Retiree Agreement shall not affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue or bonds, debentures, preferred or prior preference stock ahead of or affecting the Shares or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.
		

		
			8.  Investment Representation.  Grantee will enter into such written representations, warranties and agreements as Company may reasonably request in order to comply with any federal or state securities law.  Moreover, any stock certificate for any Shares issued to Grantee hereunder may contain a legend restricting their transferability as set forth in Section 5 above prior to vesting, or to the extent required under the Plan or applicable law, as determined by the Company in its discretion.  Grantee agrees that Company shall not be obligated to take any affirmative action in order to cause the issuance or transfer of Shares hereunder to comply with any law, rule or regulation that applies to the Shares subject to this Retiree Agreement.
		

		
			9.  No Guarantee of Employment.  This Retiree Agreement shall not confer upon Grantee any right to employment with the Company or any affiliate thereof.
		

		

		

		 

		

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		10.  Withholding of Taxes; Share Withholding.  The Grantee shall have the responsibility of discharging all taxes (state and federal) owed by the Grantee as a result of this Retiree Agreement.  Grantee agrees that, if he makes an election under Section 83(b) of the Internal Revenue Code of 1986, as amended, with regard to the Shares, he will so notify the Company in writing within two (2) days after making such election, so as to enable the Company to timely comply with any applicable governmental reporting requirements.  In accordance with Section 9(b) of the Plan, the Company hereby agrees that the Grantee may direct the Company to satisfy the Company’s actual withholding tax obligations through the “constructive” tender and withholding of vested Restricted Stock under this Retiree Agreement; provided, the Company may revoke such right at any time prior to the vesting date of Awards under this Retiree Agreement by giving written notice to the Grantee. 
		

		
			11.  General.
		

		
			(a)  Notices.  All notices under this Retiree Agreement shall be mailed or delivered by hand to the parties at their respective addresses set forth beneath their signatures below or at such other address as may be designated in writing by either of the parties to one another, or to their permitted transferees if applicable.  Notices shall be effective upon receipt.
		

		
			(b)    Transferability of Grant.  The rights of the Grantee pursuant to this Retiree Agreement are not transferable by Grantee.  No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Grantee or any permitted transferee thereof. Any purported assignment, alienation, pledge, attachment, sale, transfer or other encumbrance of the Shares, prior to the lapse of restrictions, that does not satisfy the requirements hereunder shall be void and unenforceable against the Company.
		

		
			(c)  Amendment and Termination.  No amendment, modification or termination of this Retiree Agreement shall be made at any time without the written consent of Grantee and the Company.
		

		
			(d)  No Guarantee of Tax Consequences.  The Company and the Committee make no commitment or guarantee that any federal or state tax treatment will apply or be available to any person eligible for benefits under this Retiree Agreement.  The Grantee has been advised and been provided the opportunity to obtain independent legal and tax advice regarding the award of Shares pursuant to this Retiree Agreement and the disposition of any Common Stock acquired thereby.
		

		
			(e)  Severability.  In the event that any provision of this Retiree Agreement shall be held illegal, invalid or unenforceable for any reason, such provision shall be fully severable, but shall not affect the remaining provisions of the Retiree Agreement, and the Retiree Agreement shall be construed and enforced as if the illegal, invalid or unenforceable provision had not been included therein.
		

		
			(f)  Complete Agreement.  This Retiree Agreement is subject to the terms of the Plan and the Non-Compete Agreement. There are no other prior agreements or understandings, oral or written, between the Company and the Grantee regarding the grant of the Shares covered hereby.
		

		 

		

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			(g)  Governing Law.  This Retiree Agreement shall be construed in accordance with the laws of the State of Texas without regard to its conflict of law provisions, to the extent federal law does not supersede and preempt Texas law.
		

		
			(h)  No Trust or Fund Created.  This Retiree Agreement shall not create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any affiliate and a Grantee or any other Person.  To the extent that any Person acquires a right to receive payments from the Company or any affiliates pursuant to this Retiree Agreement, such right shall be no greater than the right of any general unsecured creditor of the Company or any affiliate.
		

		
			(i)  Other Laws.  The Company retains the right to refuse to issue or transfer any Shares if it determines that the issuance or transfer of such Shares might violate any applicable law or regulation or entitle the Company to recover under Section 16(b) of the Securities Exchange Act of 1934.
		

		
			(j)  Binding Effect.  This Retiree Agreement shall be binding upon and inure to the benefit of any successors of the Company and all persons lawfully claiming under the Grantee.
		

		
			12.  Definitions and Other Terms.  The following capitalized terms shall have those meanings set forth opposite them:
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						(a)

					
					
						Grantee:

					
					
						The person specified as the Grantee on page 1 and the signature page hereto.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						(b)

					
					
						Grant Date:

					
					
						September 30, 2013 (to be effective on the date of retirement, notwithstanding any subsequent required approval by the Committee or the Board)

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						(c)

					
					
						Shares:

					
					
						300,807 Shares of the Company’s Common Stock

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						(d)

					
					
						Vesting:

					
					
						Subject to Section 5 above and the terms of the Plan and the Non-Compete Agreement, the Grantee shall vest in all rights to the Shares and any rights of the Company to such Shares shall lapse with respect to the Shares on the dates set forth below:

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						  March 15, 2014

					
					
						   147,550  

					
					
						Shares

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						  March 15, 2015

					
					
						   96,268  

					
					
						Shares

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						  March 15, 2016

					
					
						   36,989   

					
					
						Shares

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						  March 15, 2017

					
					
						   20,000   

					
					
						Shares

				

		
			 
		

		
			 
		

		

		

		 

		

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		IN WITNESS WHEREOF, the Company has caused this Retiree Agreement to be executed on its behalf by its duly authorized officer, and Grantee has executed this Retiree Agreement, effective as of September 30, 2013.
		

		
			BASIC ENERGY SERVICES, INC.
		

			
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ James E. Tyner

				
	
					
						Name:

					
					
						James E. Tyner

				
	
					
						Title:

					
					
						VP, Human Resources

				

		
			 
		

			
					
						 

				
	
					
						Address for Notices:

				
	
					
						 

				
	
					
						Basic Energy Services, Inc.

				
	
					
						801 Cherry St, Suite 2100

				
	
					
						Fort Worth, TX 76102

				
	
					
						Fax:  (817) 334-4101

				
	
					
						Attn:  President

				

		
			 
		

			
					
						 

					
					
						 

				
	
					
						GRANTEE

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Kenneth V. Huseman

				
	
					
						Name:

					
					
						Kenneth V. Huseman

				

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

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		EXHIBIT A
		

		
			 
		

		
			(see attached)
		

		
			 
		

		
			 
		

		 

		

			Page 6 of 6Ken Huseman Non-Compete for Restricted Stock

		

			 

		

		
			Exhibit 10.3
		

		
			GRANTEE NON-COMPETITION AGREEMENT FOR RETIREES
		

		
			This Grantee Non-Competition Agreement (the “Agreement”) is hereby entered into by and between Basic Energy Services, Inc. (the “Company”) and KENNETH V. HUSEMAN (the “Grantee”) effective as of the Retirement Date (as defined below).
		

		
			RECITALS
		

		
			WHEREAS, the Grantee has been an employee of the Company or its subsidiaries; and
		

		
			WHEREAS, the Grantee is retiring, or announced his or her intention to retire, or has retired from employment with the Company or its subsidiaries at the close of business on the   30th     day of September, 2013 (the “Retirement Date”); and
		

		
			WHEREAS, pursuant to the terms of the Fifth Amended and Restated Basic Energy Services, Inc. 2003 Incentive Plan, as amended (the “Plan”), Grantee is being granted concurrent with the execution of this Agreement 300,807 shares (subject to netting for minimum withholding taxes, as may be applicable) of restricted common stock of the Company pursuant to that certain Grant Agreement (for Grantees Executing a Non-Competition Agreement for Retirees) dated September 30, 2013 (the “Retiree Grant Agreement”); and
		

		
			WHEREAS, prior restricted stock grant agreement(s) entered into by the Company and Grantee under the Plan provide that all unvested shares of restricted common stock of the Company granted to Grantee prior to Grantee’s Retirement Date shall be forfeited upon Grantee’s retirement, but may be reissued to Grantee upon, and as partial consideration for, Grantee’s execution and delivery of this Agreement; and
		

		
			WHEREAS, it is intended by the Company that the restricted stock issued to Grantee pursuant to the Retiree Grant Agreement constitute the reissuance of a number of unvested shares previously issued to Grantee that will be forfeited by Grantee, concurrent with the issuance of shares of restricted stock under this Agreement, on the Retirement Date; and
		

		
			WHEREAS, Grantee has elected to execute and deliver this Agreement in connection with, and as consideration for, the issuance of such restricted common stock of the Company pursuant to the Retiree Grant Agreement;
		

		
			NOW, THEREFORE, in consideration of the mutual promises, terms, covenants and conditions set forth herein and the performance of each, it is hereby agreed as follows:
		

		
			AGREEMENTS
		

		
			1.Non-Competition Agreement.
		

		
			(a)Grantee recognizes (i) that the Company’s willingness to enter into this Agreement is based in material part on Grantee’s agreement to the provisions of this paragraph 1 and (ii) that Grantee’s breach of the provisions of this paragraph 1 could 
		

		 

		

			 

		

		

			Huseman, Kenneth V. - Grantee Non-Competition Agreement For Retirees

		

		

			 

		

		

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		materially damage the Company.  Subject to the further provisions of this Agreement, and in consideration of the Company’s agreement to reissue under the Retiree Grant Agreement those unvested shares of restricted common stock of the Company that will be or have been forfeited upon Grantee’s retirement, Grantee will not, until March 15, 2017 (which date is based on the latest “Final Vesting Date” for the reissued shares of restricted common stock of the Company) for any reason whatsoever, directly or indirectly, for himself or on behalf of or in conjunction with any other person, company, partnership, corporation or business of whatever nature:
		

		
			(i)engage, as an officer, director, shareholder, owner, partner, joint venturer, or in any capacity, whether as an employee, independent contractor, consultant or advisor, or as a sales representative, in any business in direct competition with the business of the Companies, including but not limited to Well Servicing; Fluid Services; Pumping Services; Coil Tubing; Rental/Fishing Tools and Services; Contract Drilling; Wireline Services; Snubbing Services; Well Site Construction; or Well Servicing Equipment Manufacturing, Service, and Sales (collectively, the “Businesses”) in any county in the United States, or in any province in Canada, or otherwise within one hundred fifty (150) miles of any place where the Company or any of its subsidiaries or affiliates (collectively the “Companies”) are conducting any business as of the date of termination of Grantee’s employment relationship or have conducted any business 12 months prior to the date of such termination (the “Territory”);
		

		
			(ii)call upon any person who is, at that time, an employee of any of the Companies for the purpose, or with the intent, of enticing such employee away from or out of the employ of any of the Companies;
		

		
			(iii)call upon any person or entity which is, at that time, or which has been, within one year prior to that time, a customer of any of the Companies within the Territory for the purpose of soliciting or selling products or services which are provided by or dealt in by any of the Companies within the Territory;
		

		
			(iv)call upon any prospective acquisition candidate, on Grantee’s own behalf or on behalf of any competitor, which candidate was, to Grantee’s knowledge after due inquiry, either called upon by any of the Companies or for which any of the Companies made an acquisition analysis, for the purpose of acquiring such entity; or
		

		
			(v)disclose customers, whether in existence or proposed, of any of the Companies to any person, firm, partnership, corporation or business for any reason or purpose whatsoever except to the extent that any of the Companies have in the past disclosed such information to the public for valid business reasons.
		

		
			(b)Grantee agrees that, in the event of breach by him of any of the foregoing covenants and agreements, Grantee automatically, and immediately, forfeits any and all unvested shares of common stock of the Company issued under the Retiree Grant Agreement that are unvested as of the date of such breach.
		

		

		

		 

		

			 

		

		

			Huseman, Kenneth V. - Grantee Non-Competition Agreement For Retirees

		

		

			 

		

		

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		(c) Subject to the terms and provisions of this Agreement, Grantee and Company agree that such unvested shares of restricted common stock of the Company that are reissued to Grantee pursuant to the Retiree Grant Agreement shall be governed by the terms of the Retiree Grant Agreement.
		

		
			(d)The covenants in this paragraph 1 are severable and separate, and the unenforceability of any specific covenant shall not affect the provisions of any other covenant.  Moreover, in the event any court of competent jurisdiction shall determine that the scope, time or territorial restrictions set forth are unreasonable, then it is the intention of the parties that such restrictions be enforced to the fullest extent which the court deems reasonable, and the Agreement shall thereby be reformed.
		

		
			(e)All of the covenants in this paragraph 1 shall be construed as an agreement independent of any other provision in this Agreement, and the existence of any claim or cause of action of Grantee against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of such covenants. It is specifically agreed that the period (subject to the further provisions of this Agreement) from the Retirement Date until March 15, 2017 (the date stated at the beginning of this paragraph 1), during which the agreements and covenants of Grantee made in this paragraph 1 shall be effective, shall be extended by adding to such period any time during which Grantee is in violation of any provision of this paragraph 1.
		

		
			(f)The Company and Grantee hereby agree that the covenants in this paragraph 1 are a material and substantial part of this Agreement.
		

		
			2.Confidentiality.
		

		
			(a)Company has provided Grantee with Confidential Information, and Grantee agrees that all Confidential Information of the Company is a valuable, special and unique asset of the Company that gives the Company an advantage over its actual and potential, current and future competitors.  Grantee further acknowledges and agrees that Grantee owes the Company a continuing duty to preserve and protect all Confidential Information from unauthorized disclosure or unauthorized use, that certain Confidential Information constitutes “trade secrets” under applicable laws and that unauthorized disclosure or unauthorized use of the Company’s Confidential Information would irreparably injure the Company.
		

		
			(b)Grantee agrees to hold all Confidential Information in strict confidence and shall not use any Confidential Information except for the benefit of the Company.  Grantee shall not, at any time, disclose any Confidential Information to any person or entity (except other employees of the Company who have a need to know the information in connection with the performance of their employment duties), or copy, reproduce, modify, decompile or reverse engineer any Confidential Information, or remove any Confidential Information from the Company’s premises, without the prior written consent of the President of the Company, or permit or instruct any other person to do so.  Grantee shall take reasonable precautions to protect the physical security of all documents and other material containing Confidential Information (regardless of the medium on which 
		

		 

		

			 

		

		

			Huseman, Kenneth V. - Grantee Non-Competition Agreement For Retirees

		

		

			 

		

		

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		the Confidential Information is stored).  This Agreement applies to all Confidential Information, whether now known or later to become known to Grantee.
		

		
			(c)Grantee agrees to promptly surrender and deliver to the Company all documents and other written material of any nature containing or pertaining to any Confidential Information and shall not retain any such document or other material, or any copies thereof.  By signing this Agreement, Grantee certifies to the Company in writing that all such materials in his possession, custody, or control have been returned.
		

		
			(d)As used in this Agreement, the term “Confidential Information” shall mean any information or material known to or used by, or for, the Companies (whether or not owned or developed by the Companies and whether or not developed by Grantee) that is not generally known to the public.  Confidential Information includes, but is not limited to, the Companies’ trade secrets, information that the Companies have marked as confidential or have otherwise described to Grantee (either in writing or orally) as confidential, information concerning products, services, prospective products or services, research, product designs, prices, discounts, costs, marketing plans, marketing techniques, market studies, test data, customers, customer lists and records, suppliers and contracts, business records and plans, personnel files, financial information, information relating to operating system software, application software, software and system methodology, hardware platforms, technical information, inventions, computer programs and listings, source codes, object codes, copyrights and other intellectual property, technical specifications, proprietary information belonging to the Companies, computer hardware or software manuals, training or instruction manuals, and data and computer system passwords and user codes.
		

		
			3.Inventions.  Grantee shall disclose promptly to the Company any and all significant conceptions and ideas for inventions, improvements and valuable discoveries, whether patentable or not, which were conceived or made by Grantee, solely or jointly with another, during the period of his employment with the Company, or within one year thereafter, if conceived during employment, and which are directly related to the business or activities of the Company and which Grantee conceived as a result of his employment by the Company.  Grantee hereby assigns and agrees to assign all of his interests therein to the Company or its nominee.  Whenever requested to do so by the Company, Grantee shall execute any and all applications, assignments, or other instruments that the Company shall deem necessary to apply for and obtain Letters Patent of the United States or any foreign country or to otherwise protect the Company’s interest therein.
		

		
			4.Complete Agreement. This Agreement, together with the Retiree Grant Agreement (which is subject to the terms of the Plan), constitute the entire agreements of the parties with respect to the subject matter of this Agreement.  Otherwise, there are no written or oral representations, understandings or agreements with the Company or any of its officers, directors or representatives covering the same subject matter as this Agreement, and this written Agreement is the final, complete and exclusive statement and expression of the agreement between the Company and Grantee and of all the terms of this Agreement, and it cannot be varied, contradicted or supplemented by evidence of any prior or contemporaneous oral or written agreements.  This written Agreement may not be later modified except by a further writing signed by a duly authorized officer of the Company and Grantee, and no term of this 
		

		 

		

			 

		

		

			Huseman, Kenneth V. - Grantee Non-Competition Agreement For Retirees

		

		

			 

		

		

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		Agreement may be waived except by writing signed by the party waiving the benefit of such term.  Without limiting the generality of the foregoing, either party’s failure to insist on strict compliance with this Agreement shall not be deemed a waiver thereof.
		

		
			5.Notice. Whenever any notice is required hereunder, it shall be given in writing addressed to Grantee and Company at the addresses set forth below their signatures to this Agreement.  Notice shall be deemed given and effective on the earlier of three days after the deposit in the U.S. mail of a writing addressed as above and sent first class mail, certified, return receipt requested, or when actually received.  Either party may change the address for notice by notifying the other party of such change in accordance with this paragraph.
		

		
			6.Severability; Headings.  If any portion of this Agreement is held invalid or inoperative, the other portions of this Agreement shall be deemed valid and operative and, so far as is reasonable and possible, effect shall be given to the intent manifested by the portion held invalid or inoperative.  The paragraph headings herein are for reference purposes only and are not intended in any way to describe, interpret, define, or limit the extent or intent of, the Agreement, or of any part hereof.
		

		
			7.Governing Law and Venue.  This Agreement shall in all respects be governed by and interpreted in accordance with the laws of the State of Texas without giving effect to choice of law principals thereof.  Any dispute concerning this agreement shall be resolved solely and exclusively in Tarrant County, Texas.
		

		
			8.Counterparts.  This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute but one and the same instrument.
		

		
			 
		

		

		

		 

		

			 

		

		

			Huseman, Kenneth V. - Grantee Non-Competition Agreement For Retirees

		

		

			 

		

		

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		IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective for all purposes as of the Retirement Date.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Basic Energy Services, Inc.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ James E. Tyner    

				
	
					
						 

					
					
						Name:

					
					
						James E. Tyner

				
	
					
						 

					
					
						Title:

					
					
						Vice President, Human Resources   

				
	
					
						 

					
					
						Address:

					
					
						Basic Energy Services

				
	
					
						 

					
					
						 

					
					
						801 Cherry Street, Suite 2100

				
	
					
						 

					
					
						 

					
					
						Fort Worth, TX 76102

				

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						GRANTEE

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Signature:

					
					
						/s/ Kenneth V. Huseman

				
	
					
						 

					
					
						Print Name:

					
					
						Kenneth V. Huseman

				

		
			 
		

		
			 
		

		
			 
		

		 

		

			 

		

		

			Huseman, Kenneth V. - Grantee Non-Competition Agreement For Retirees

		

		

			 

		

		

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