Document:

Named Executive Officer Compensation

 Exhibit 10.5 
 Named Executive Officer Compensation 
 Effective January 1, 2007, the Compensation Committee of the Board of
Directors (the “Committee”) of Chesapeake Energy Corporation set the 2007 annual base salaries of the named executive officers at $975,000 for Aubrey K. McClendon, $775,000 for Marcus C. Rowland, $775,000 for Steven C. Dixon, $725,000 for
J. Mark Lester and $725,000 for Douglas J. Jacobson. In addition, the Committee awarded cash bonuses to the named executive officers, payable on January 19, 2007, of $830,000 for Aubrey K. McClendon, $550,000 for Marcus C. Rowland, $550,000 for
Steven C. Dixon, $450,000 for J. Mark Lester and $450,000 for Douglas J. Jacobson.Amendment No. 2 to Stockholders Agreement

 Exhibit 10.11 
 AMENDMENT No. 2 
 TO THE STOCKHOLDERS AGREEMENT 
 This Amendment No. 2 to the Stockholders Agreement (“Stockholders Agreement”) dated December 13, 2002 by and among The First American
Corporation, a California corporation, Pequot Private Equity Fund II, L.P. A Delaware limited partnership (“Pequot”) and First Advantage Corporation, a Delaware corporation (the “Company”) is hereby made effective on
October 1, 2006. 
 WHEREAS, the Stockholders Agreement stipulates in Section 5.1 that the size of the Board of Directors
shall be no more than 10 directors and was subsequently amended by Amendment #1 to the Stockholder’s Agreement dated March 31, 2006; 
 WHEREAS, Board of Directors (the “Board”) of the Company desires to expand the size of the Board to no more than 14 directors because it is in the best interest of the Company; 
 WHEREAS, Pequot believes that it is in the Company’s best interest to expand the size of the Board to no more than 14 directors; 

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein contained, the Parties agree as follows:

 Section 5.1 (a) which states in part: 
 “...ensure that the size of the board of directors of Parent, (the “Board”) shall be no more than 10 directors and...” 
 And which was previously revised by replacing 10 with 12 per Amendment #1 shall hereby be revised to change the number of Directors from 12 to 14
and hereby state in the same part: 
 “...ensure that the size of the board of directors of Parent, (the “Board”) shall be
no more than 14 directors and...” 
 Notwithstanding the foregoing, all other provisions and terms of the Stockholders Agreement
shall remain in force and effect to the extent of the original intent of the provisions and terms of the Stockholders Agreement. 
 IN
WITNESS WHEREOF, each of the Parties has executed this Agreement on and as of the date herein. 
  

			
	The First American Corporation
		
	By:	 	/s/    Kenneth D. Degiorgio
	Name: Kenneth D. Degiorgio
	Title: Senior Vice President and General Counsel
	Date: September 28, 2006

  

			
	 Pequot Private Equity Fund II, L.P.
 By: Pequot Capital Management, Inc.
 Its: Investment Manager

		
	By:	 	/s/    Carlos Rodriques
	Name: Carlos Rodrigues
	Title: Chief Financial Officer/ Pequot Ventures
	Date: September 28, 2006

			
	First Advantage Corporation
		
	By:	 	/s/    Julie Waters
	Name: Julie Waters
	Title: Vice President and General Counsel
	Date: September 28, 2006Fourth Amendment to the Credit Agreement effective January 26, 2007

 Exhibit 10.1.5 
  

 FOURTH AMENDMENT TO CREDIT AGREEMENT 
 BETWEEN 
 DRIL-QUIP, INC. 
 AND 
 GUARANTY BANK, FSB

 AS LENDER 
 Effective as of January 26, 2007 
  

 REVOLVING LINE OF CREDIT OF UP TO $10,000,000 
  

  

 TABLE OF CONTENTS 
  

					
	  	  	 	  	 PAGE

	 ARTICLE I
	  	DEFINITIONS	  	1
	 1.01
	  	Terms Defined Above	  	1
	 1.02
	  	Terms Defined in Agreement	  	1
	 1.03
	  	References	  	1
	 1.04
	  	Articles and Sections	  	1
	 1.05
	  	Number and Gender	  	1
	 ARTICLE II AMENDMENTS
	  	2
	 2.01
	  	Amendment of Section 1.2	  	2
	 2.02
	  	Amendment of Exhibit I	  	2
	 ARTICLE III CONDITIONS
	  	2
	 3.01
	  	Receipt of Documents	  	2
	 3.02
	  	Accuracy of Representations and Warranties	  	2
	 3.03
	  	Matters Satisfactory to Lender	  	2
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	3
	 ARTICLE V RATIFICATION
	  	3
	 ARTICLE VI MISCELLANEOUS
	  	3
	 6.01
	  	Scope of Amendment	  	3
	 6.02
	  	Agreement as Amended	  	3
	 6.03
	  	Parties in Interest	  	3
	 6.04
	  	Rights of Third Parties	  	3
	 6.05
	  	ENTIRE AGREEMENT	  	3
	 6.06
	  	GOVERNING LAW	  	4
	 6.07
	  	JURISDICTION AND VENUE	  	4

  

 FOURTH AMENDMENT TO CREDIT AGREEMENT 
 This FOURTH AMENDMENT TO CREDIT AGREEMENT (this “Fourth Amendment”) is made and entered into effective as of January 26,
2007, between DRIL-QUIP, INC., a Delaware corporation, (the “Borrower”), and GUARANTY BANK, FSB, a federal savings bank (the “Lender”). 
 W  I  T  N  E  S  S  E  T  H 
 WHEREAS, the above named parties did execute and exchange counterparts of that certain Credit Agreement dated May 18, 2001, as amended by First
Amendment to Credit Agreement dated November 19, 2001, as further amended Second Amendment to Credit Agreement dated May 16, 2003, and as further amended Third Amendment to Credit Agreement dated June 1, 2005 (the
“Agreement”), to which reference is here made for all purposes; 
 WHEREAS, the parties subject to and bound by the
Agreement are desirous of amending the Agreement in the particulars hereinafter set forth; 
 NOW, THEREFORE, in consideration of the mutual
covenants and agreements of the parties to the Agreement, as set forth therein, and the mutual covenants and agreements of the parties hereto, as set forth in this Fourth Amendment, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS

 1.01 Terms Defined Above. As used herein, each of the terms “Agreement,” “Borrower,”
“Fourth Amendment,” and “Lender,” shall have the meaning assigned to such term hereinabove. 
 1.02
Terms Defined in Agreement. As used herein, each term defined in the Agreement shall have the meaning assigned thereto in the Agreement, unless expressly provided herein to the contrary. 
 1.03 References. References in this Fourth Amendment to Article or Section numbers shall be to Articles and Sections of this Fourth Amendment,
unless expressly stated herein to the contrary. References in this Fourth Amendment to “hereby,” “herein,” hereinafter,” hereinabove,” “hereinbelow,” “hereof,” and “hereunder” shall be to
this Fourth Amendment in its entirety and not only to the particular Article or Section in which such reference appears. 
 1.04 Articles
and Sections. This Fourth Amendment, for convenience only, has been divided into Articles and Sections and it is understood that the rights, powers, privileges, duties, and other legal relations of the parties hereto shall be determined from
this Fourth Amendment as an entirety and without regard to such division into Articles and Sections and without regard to headings prefixed to such Articles and Sections. 
 1.05 Number and Gender. Whenever the context requires, reference herein made to the single number shall be understood to include the plural and likewise the plural shall be 

  

 1 

 
understood to include the singular. Words denoting sex shall be construed to include the masculine, feminine, and neuter, when such construction is
appropriate, and specific enumeration shall not exclude the general, but shall be construed as cumulative. Definitions of terms defined in the singular and plural shall be equally applicable to the plural or singular, as the case may be. 

ARTICLE II 
 AMENDMENTS

 The Borrower and the Lender hereby amend the Agreement in the following particulars: 
 2.01 Amendment of Section 1.2. Section 1.2 of the Agreement is hereby amended as follows: 
 The following definition is amended to read as follows: 
 “Available Commitment” shall mean, at any time, an amount equal to the remainder of any of (a) $10,000,000 minus, (b) the Loan Balance at such time. 
 2.02 Amendment of Exhibit I. Exhibit I, i.e. the “Form of Promissory Note” is as set forth on Exhibit I to this Fourth Amendment.

 ARTICLE III 
 CONDITIONS 
 The obligation of the Lender to amend the Agreement as provided herein is subject to the fulfillment of
the following conditions precedent: 
 3.01 Receipt of Documents. The Lender shall have received, reviewed, and approved the following
documents and other items, appropriately executed when necessary and in form and substance satisfactory to the Lender: 
  

	 	(a)	multiple counterparts of this Fourth Amendment, as requested by the Lender; 

  

	 	(b)	the Promissory Note; and 

  

	 	(c)	such other agreements, documents, items, instruments, opinions, certificates, waivers, consents, and evidence as the Lender may reasonably request. 

 3.02 Accuracy of Representations and Warranties. The representations and warranties contained in Article IV of the Agreement and this Fourth
Amendment shall be true and correct. 
 3.03 Matters Satisfactory to Lender. All matters incident to the consummation of the
transactions contemplated hereby shall be satisfactory to the Lender. 
  

 2 

 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 The Borrower hereby expressly re-makes, in favor of the
Lender, all of the representations and warranties set forth in Article IV of the Agreement on and subject to, and limited by, the terms, provisions, exceptions and limitations set forth therein. 
 ARTICLE V 
 RATIFICATION

 Each of the parties hereto does hereby adopt, ratify, and confirm the Agreement and the other Loan Documents, in all things in
accordance with the terms and provisions thereof, as amended by this Fourth Amendment. 
 ARTICLE VI 
 MISCELLANEOUS 
 6.01 Scope of
Amendment. The scope of this Fourth Amendment is expressly limited to the matters addressed herein and this Fourth Amendment shall not operate as a waiver of any past, present, or future breach, Default, or Event of Default under the Agreement,
except to the extent, if any, that any such breach, Default, or Event of Default is remedied by the effect of this Fourth Amendment. 
 6.02
Agreement as Amended. All references to the Agreement in any document heretofore or hereafter executed in connection with the transactions contemplated in the Agreement shall be deemed to refer to the Agreement as amended by this Fourth
Amendment. 
 6.03 Parties in Interest. All provisions of this Fourth Amendment shall be binding upon and shall inure to the benefit
of the Borrower, the Lender and their respective successors and assigns. 
 6.04 Rights of Third Parties. All provisions herein are
imposed solely and exclusively for the benefit of the Lender and the Borrower, and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived
in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so. 
 6.05 ENTIRE AGREEMENT.
THIS FOURTH AMENDMENT CONSTITUTES THE ENTIRE AGREEMENT BETWEEN THE PARTIES HERETO WITH RESPECT TO THE SUBJECT HEREOF AND SUPERSEDES ANY PRIOR AGREEMENT, WHETHER WRITTEN OR ORAL, BETWEEN SUCH PARTIES REGARDING THE SUBJECT HEREOF. FURTHERMORE
IN THIS REGARD, THIS FOURTH AMENDMENT, THE AGREEMENT, THE NOTE AND THE OTHER WRITTEN DOCUMENTS REFERRED TO IN THE AGREEMENT OR EXECUTED IN CONNECTION WITH THE NOTE REPRESENT, COLLECTIVELY, THE FINAL AGREEMENT AMONG THE PARTIES THERETO AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR 

  

 3 

 
SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 
 6.06 GOVERNING LAW. THIS FOURTH AMENDMENT, THE AGREEMENT AND THE NOTE SHALL BE DEEMED TO BE CONTRACTS MADE UNDER AND SHALL BE CONSTRUED
IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF TEXAS. THE PARTIES ACKNOWLEDGE AND AGREE THAT THIS AGREEMENT AND THE NOTE AND THE TRANSACTIONS CONTEMPLATED HEREBY BEAR A NORMAL, REASONABLE, AND SUBSTANTIAL RELATIONSHIP TO THE STATE OF
TEXAS. 
 6.07 JURISDICTION AND VENUE. ALL ACTIONS OR PROCEEDINGS WITH RESPECT TO, ARISING DIRECTLY OR INDIRECTLY IN
CONNECTION WITH, OUT OF, RELATED TO, OR FROM THIS FOURTH AMENDMENT, THE AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE LITIGATED IN COURTS HAVING SITUS IN HARRIS COUNTY, TEXAS. EACH OF THE BORROWER AND THE LENDER HEREBY SUBMITS TO THE JURISDICTION OF
ANY LOCAL, STATE, OR FEDERAL COURT LOCATED IN HARRIS COUNTY, TEXAS, AND HEREBY WAIVES ANY RIGHTS IT MAY HAVE TO TRANSFER OR CHANGE THE JURISDICTION OR VENUE OF ANY LITIGATION BROUGHT AGAINST IT BY THE BORROWER OR THE LENDER IN ACCORDANCE WITH THIS
SECTION. 
 [Remainder of Page Intentionally Left Blank] 
  

 4 

 IN WITNESS WHEREOF, this Fourth Amendment to Credit Agreement is executed effective the date first
hereinabove written. 
  

			
	 BORROWER
  
 DRIL-QUIP, INC.

		
	By:	 	/s/ J. Mike Walker
		 	 J. Mike Walker
 Co-Chairman

  

			
	 LENDER
  
 GUARANTY BANK, FSB

		
	By:	 	/s/ David M. Butler
		 	 David M. Butler
 Vice President

  

 5 

 EXHIBIT I 
 [FORM OF PROMISSORY NOTE] 
  

					
	 $10,000,000
	 	Houston, Texas	 	January 26, 2007

 FOR VALUE RECEIVED and WITHOUT GRACE, the undersigned (“Maker”) promises to pay
to the order of GUARANTY BANK, FSB (“Payee”), at its banking quarters in Houston, Harris County, Texas, the sum of TEN MILLION DOLLARS ($10,000,000), or so much thereof as may be advanced against this Note pursuant to the
Credit Agreement dated May 18, 2001, as amended, including a Fourth Amendment thereto executed of even date herewith by and between Maker and Payee (as amended, restated, or supplemented from time to time, the “Credit
Agreement”), together with interest at the rates and calculated as provided in the Credit Agreement. 
 Reference is hereby made to
the Credit Agreement for matters governed thereby, including, without limitation, certain events which will entitle the holder hereof to accelerate the maturity of all amounts due hereunder. Capitalized terms used but not defined in this Note shall
have the meanings assigned to such terms in the Credit Agreement. 
 This Note is issued pursuant to, is the “Note” under, and is
payable as provided in the Credit Agreement. Subject to compliance with applicable provisions of the Credit Agreement, Maker may at any time pay the full amount or any part of this Note without the payment of any premium or fee, but such payment
shall not, until this Note is fully paid and satisfied, excuse the payment as it becomes due of any payment on this Note provided for in the Credit Agreement. 
 THIS NOTE SHALL BE GOVERNED AND CONTROLLED BY THE LAWS OF THE STATE OF TEXAS WITHOUT GIVING EFFECT TO PRINCIPLES THEREOF RELATING TO CONFLICTS OF LAW; PROVIDED, HOWEVER, THAT CHAPTER 345 OF THE TEXAS FINANCE CODE
(WHICH REGULATES CERTAIN REVOLVING CREDIT LOAN ACCOUNTS AND REVOLVING TRIPARTY ACCOUNTS) SHALL NOT APPLY TO THIS NOTE. 
  

			
	DRIL-QUIP, INC.
		
	By:	 	  
		 	 J. Mike Walker
 Co-Chairman

  

 I-i

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