Document:

<PAGE>
                                                                    EXHIBIT 10.3

                            W-H ENERGY SERVICES, INC.

                        RESTRICTED STOCK AWARD AGREEMENT
                                 PURSUANT TO THE
                W-H ENERGY SERVICES, INC. 2006 STOCK AWARDS PLAN

         THIS AGREEMENT (this "Agreement") is made effective as of ___________
(the "Grant Date"), between W-H Energy Services, Inc., a Texas corporation (the
"Company"), and _____________ (the "Participant").

                                 R E C I T A L :

         WHEREAS, the Company desires to grant to the Participant certain shares
of its stock, $0.0001 par value per share, designated as Restricted Stock
("Restricted Stock") under the Company's 2006 Stock Awards Plan (the "Plan"),
which has been approved by its shareholders.

         NOW THEREFORE, in consideration of the mutual covenants set forth
herein, the parties agree as follows:

                               A G R E E M E N T :

         1. Grant of the Restricted Stock Award. Subject to the terms and
conditions set forth in this Agreement and the Plan, the Company hereby grants
to the Participant an Award consisting of _________ shares (each, a "Share") of
Restricted Stock, subject to adjustment as set forth in Sections 3(d) and 3(e)
of the Plan. Any capitalized terms not defined herein shall have the same
meaning as set forth in the Plan. Each Share shall vest and become unrestricted
in accordance with Section 2 hereof and otherwise as set forth in the Plan.

         2. Vesting.

         (a) Subject to the earlier termination of the Award as herein provided
and subject to the terms of the Participant's Individual Agreement, the Award
shall vest and become unrestricted at 12:00 a.m. on each Vesting Date set forth
in the table below in the amount set forth next to each such Vesting Date,
provided that the Participant is continuously employed with the Company or one
of its Subsidiaries or Affiliates through each such Vesting Date:

<Table>
<Caption>
                 Vesting Date                  Shares Vesting
                 ------------                  --------------
                <S>                            <C>
                ________, 200__                  __________
                ________, 200__                  __________
                ________, 200__                  __________
</Table>

         (b) If the Company shall undergo a Change in Control, any then-unvested
Shares shall then vest and become unrestricted.

<PAGE>
         (c) If the Participant undergoes a Termination of Employment due to the
Participant's death or Disability, then any Shares of Restricted Stock unvested
on the date of termination shall thereupon fully vest and become unrestricted.

         (d) Except as otherwise provided in the Plan and in Sections 2(b) and
2(c) hereof, if the Participant undergoes a Termination of Employment, any
Shares that are not vested as of the date of termination shall be forfeited by
the Participant and such Shares shall be canceled by the Company. The
Participant hereby irrevocably grants to the Company a power of attorney to
transfer any unvested Shares forfeited to the Company and agrees to execute any
document required by the Company in connection with such forfeiture and
transfer.

         Notwithstanding the foregoing, to the extent expressly provided for in
a Participant's Individual Agreement, the conditions to the vesting of the Award
shall be waived or accelerated, as the case may be, on the terms contained in
such Individual Agreement; provided, however, that, if, pursuant to Section 2(f)
hereof, the Award is designated as a Qualified Performance Based Award,
satisfaction of the applicable Performance Goals may not be waived pursuant to
the Participant's Individual Agreement unless such Individual Agreement provides
for such acceleration upon a change of control, death, Disability or the
termination of the Participant's employment by the Company without Cause or by
the Participant for Good Reason.

         (e) Upon the vesting of the Shares of Restricted Stock pursuant to this
Section 2, all restrictions on such vested Shares shall lapse and such Shares
shall become unrestricted and freely transferable.

         (f) Set forth on Exhibit A hereto are, if applicable, (i) the
Performance Goals to which the Restricted Stock granted hereby is subject, if
any and (ii) a statement that the Award is intended to be a Qualified
Performance Based Award. Notwithstanding anything else to the contrary contained
in Section 2, the Award of Restricted Stock shall not vest until such time as
such Performance Goals, if any, have been satisfied. If the applicable
Performance Goals, if any, are not met prior to the applicable Vesting Date set
forth above, then the Shares that would have vested upon achievement of such
Performance Goals prior to such date shall be forfeited as of such date.

         3. Rights as a Shareholder. The Company will issue the Shares by
registering the Shares in book entry form with the Company's transfer agent in
the Participant's name, and the applicable restrictions will be noted in the
records of the Company's transfer agent and in the book entry system. No
certificate(s) representing all or a part of the Shares will be issued until the
Shares become vested Shares. The Participant may exercise all voting rights with
respect to the Shares and shall be entitled to receive fully vested dividends in
cash with respect to the Shares as and when declared and paid.

         4. Transferability. Any Shares subject to the Award and not then vested
may not be transferred by the Participant other than by will or the laws of
descent and distribution. Except to the extent permitted by the foregoing, any
Shares subject to the Award and not then vested may not be sold, assigned,
pledged, encumbered or otherwise transferred (whether by operation of law or
otherwise) or be subject to execution, attachment or similar process. Any
attempt to do any of the foregoing shall be null and void.

                                      -2-
<PAGE>
         5. Community Interest of Spouse. The community interest, if any, of any
spouse of the Participant in any of the Shares shall be subject to all the
terms, conditions and restrictions of the Plan and this Agreement, and shall be
forfeited and surrendered to the Company upon the occurrence of any of the
events requiring the Participant's interest in such Shares to be so forfeited
and surrendered pursuant to this Agreement.

         6. Withholding of Tax. To the extent the issuance of the Shares or the
vesting thereof results in the receipt of compensation income by the Participant
for tax purposes, the Company may withhold from any cash compensation then or
thereafter payable to the Participant any tax required to be withheld by reason
thereof. To the extent the Company determines that such cash compensation is or
may be insufficient to fully satisfy such withholding requirement, the
Participant shall deliver to the Company cash in an amount determined by the
Company to be sufficient to satisfy any such withholding requirement.

         7. Tax Election. If the Participant makes the election authorized by
Section 83(b) of the Internal Revenue Code of 1986, as amended (the "Code"), the
Participant shall submit to the Company a copy of the statement filed by the
Participant to make such election.

         8. Successors and Assigns. This Agreement is intended to bind and inure
to the benefit of and be enforceable by the Participant, the Company and their
respective permitted successors and assigns (including personal representatives,
heirs and legatees), and is intended to bind all successors and assigns of the
respective parties, except that the Participant may not assign any of the
Participant's rights or obligations under this Agreement except to the extent
and in the manner expressly permitted hereby.

         9. Complete Agreement; Inconsistencies. This Agreement is subject to
the Plan. The terms and provisions of the Plan (including any subsequent
amendments thereto) are hereby incorporated herein by reference thereto. The
Committee shall have full authority to interpret and construe the terms of the
Plan, this Agreement and the Individual Agreement as it relates to the Plan. The
determination of the Committee as to any such matter of interpretation or
construction shall be final, conclusive and binding. The Plan, this Agreement
and those documents expressly referred to herein (including, without limitation,
any Individual Agreement) embody the complete agreement and understanding among
the parties and supersede and preempt any prior understandings, agreements or
representations by or among the parties, written or oral, which may have related
to the subject matter hereof in any way. In the event of any conflict between
the terms of the Plan and this Agreement, the terms of the Plan shall prevail.

         10. Counterparts. This Agreement may be executed in two counterparts
each of which shall be deemed an original and both of which together shall
constitute one and the same instrument. Any facsimile of this Agreement shall be
considered an original document.

         11. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Texas without giving effect to any
conflict of laws rule or principle that would refer the construction of this
Agreement to the laws of another jurisdiction.

                                      -3-
<PAGE>
         12. Employment or Service Relationship. Nothing contained herein shall
be construed as conferring upon the Participant the right to continue in the
employ of the Company or its Subsidiaries or Affiliates or to continue service
with the Company or its Subsidiaries or Affiliates as a director or consultant,
nor shall anything contained herein be construed or interpreted to limit any
"employment at will" relationship between the Participant and the Company or its
Subsidiaries or Affiliates.

         13. Compliance With Laws. Upon the acquisition of any Shares pursuant
to this Agreement, the Participant (or the Participant's legal representative
upon the Participant's death or Disability) will enter into such written
representations, warranties and agreements as the Company may reasonably request
in order to comply with applicable laws or with this Agreement.

         14. Failure to Enforce Not a Waiver. The failure of the Company to
enforce at any time any provision of this Agreement shall in no way be construed
to be a waiver of such provision or of any other provision hereof.

         15. Notices. Every notice hereunder shall be in writing. All notices by
the Participant to the Company shall be directed to the Company at its principal
executive office (currently, located at 10370 Richmond, Suite 990, Houston,
Texas 77042), Attention: Chief Financial Officer. Any notice given by the
Company to the Participant shall be directed to the Participant at the address
on file with the Company and shall be effective to bind the Participant and any
other person who shall acquire rights hereunder. The Company shall be under no
obligation whatsoever to advise the Participant of the existence, maturity or
termination of any of the Participant's rights hereunder and the Participant
shall be deemed to have familiarized himself or herself with all matters
contained herein and in the Plan which may affect any of the Participant's
rights or privileges hereunder.

         16. Amendments. Except to the extent provided otherwise in the Plan,
this Agreement may not be amended or modified without the prior written approval
of the Company and the Participant.

                                      -4-
<PAGE>
         IN WITNESS WHEREOF, this Agreement has been executed this ______ day of
_________________, 20___.

                                        W-H ENERGY SERVICES, INC.

                                        By:
                                              ----------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                              ----------------------------------

                                        PARTICIPANT

                                        ----------------------------------------
                                        Name:
                                             -----------------------------------

                 Signature Page to Restricted Stock Agreement
<PAGE>
                                    Exhibit A

                                 Not Applicable

                                    EXHIBIT A
                                     Page 1exv10w61

 

EXHIBIT
10.61

Addendum 1

to the Lease Agreement of 11.29./11.30.2000

pertaining to premises used as office space

and to the Lease Agreements of 01.11.2001, 05.07.2004 and 09.27./10.01.2004

pertaining to parking spaces and garages

	 	 	 
	between

	 	Deutsche Commercial Property Hamburg 2 GmbH
	 

	 	Mergenthalerallee 73 - 75
	 

	 	65760 Eschborn
	 
	 	 
	 

	 	represented by Mr. Ralf Selke, General Manager
	 

	 	and Mr. Gunther R. Deutsch, Assistant Vice President
	 

	 	“domiciled ibidem”
	 
	 	 
	 

	 	VAT registration number: DE223646635
	 
	 	 
	 

	 	- hereinafter referred to as “Lessor”
	 
	 	 
	and

	 	Domilens GmbH
	 

	 	Holsteiner Chaussee 303a
	 

	 	22457 Hamburg
	 
	 	 
	 

	 	represented by Mr. Günther Roepstorff, General Manager
	 

	 	“domiciled ibidem”
	 
	 	 
	 

	 	CR B 38182, District Court of Hamburg (Lesse’s certificate of registration from the Commercial
Register is submitted as Exhibit 2)
	 
	 	 
	 

	 	- hereinafter referred to as “Lessee”

Preliminary remark:

Currently, the following Lease Agreements entered into by Deutsche Commercial Property Hamburg 2
GmbH and Domilens GmbH are in effect: the Commercial Lease Agreement of 11.29./11.30.2000
pertaining to premises used as office space and the Lease Agreements dated 01.11.2001, 05.07.2004
and 09.27./10.01.2004 pertaining to parking spaces located in parking lots and garages.

With this Addendum, the parties agree to a reduction in rent beginning on 01.01.2006. At the same
time, the provision regarding the term of the Lease is being modified. Furthermore, Lessee is
leasing an additional parking space, i.e. Space 35, in the underground garage.

A) New Provisions to the Lease Agreement of 11.29./30/11/2000

Re: Section 3 – Term and Termination of Lease

	 	 	 
	- re:

	 	3.03 The parties agree to a fixed-term lease expiring on 12.31.2010.
	 
	 	 
	 

	 	After the expiration of the fixed-term lease, Lessee shall be entitled to exercise a one- time
option to extend the Lease by 5 years under the same terms. Lessee shall be required to exercise
this option by giving unilateral notice to Lessor no later than 12 months prior to the expiration
of the Lease. Lessee must exercise the option by means of a registered letter, which must be
received by Lessor no later than on the last working day before the commencement of the 12 months’
notification period. The date of receipt

1

 

	 	 	 
	 

	 	of the notice shall determine whether or not the option was exercised by Lessee in time. The
right to extend the Lease cannot be exercised if Lessee has been subletting the leased Premises
either as a whole or in part.
	 
	 	 
	- re: 3.04

	 	Lessee hereby waives its special right to terminate the Lease as of 06.30.2007.
	 
	 	 
	-

	 	The term of the Lease pertaining to any and all leased parking spaces shall also be fixed and
shall expire on 12.31.2010.

Re: Section 5 – Rent, Utilities, Heating Costs, Payment and Accounting

	 	 	 
	- re: 5.01

	 	Beginning on 01.01.2006, rent and utilities shall be payable as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Type of leased	 	 	 	 
	Size	 	 	 	 	 	space	 	 	Total in EUR	 
	 
	1,721.83 m2
	 	office	 	 	15,066.01	 
	27
	 	units	 	parking spaces in underground garage	 	+	1,339.57	 
	1
	 	unit	 	parking space in underground garage	 	+	45.00	 
	6
	 	units	 	parking spaces in parking lot	 	+	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 
	Total net monthly rent	 	 	 	 
	- without the prepaid installment for operating costs -	 	=	16,450.58	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Current monthly prepaid installment for operating costs:	 	 	 	 
	1,721.83 m2	 	+	3,443.66	 
	 
	 	 	 	 	 	 	 	 	 	 	 
	Total net monthly rent	 	 	 	 
	- including the prepaid installment for operating costs -	 	=	19,894.24	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	plus value-added tax required by law / currently 16%	 	+	3,183.08	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Total gross monthly rent	 	 	 	 
	- including the prepaid installment for operating costs -	 	=	23,077.32	 
	 
	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 
	 

	 	Bank information:
	 	Account number 322 324 308
	 

	 	 	 	HypoVereinsbank Frankfurt/Main
	 

	 	 	 	Bank code 503 301 91

	 	 	 
	- re: 5.1.1

	 	Graduated rent agreement: This provision is not applicable; in its place, the following
value guarantee clause shall apply:
	 
	 	 
	 

	 	The agreed-upon rent shall remain unchanged until the conclusion of the first year
under the Lease. Beginning at the commencement of the second year of the Lease, i.e.
on 01.01.2007, the rent shall be adjusted in direct proportion to the rise or fall
(on a percentage basis) of the consumer price index established by the Federal
Bureau of Statistics for Germany since the commencement of the Lease. Thereafter,
the rent shall be adjusted at the commencement of each year of the Lease based upon
the rate by which the aforementioned index has risen or fallen during the preceding
year of the Lease. The adjustment of the rent shall always be based upon the rent
applicable after the last adjustment. Notification of Lessor and/or Lessee regarding
the rent adjustment may also occur during the year at whose commencement the
adjustment went into effect. Any supplemental payments and/or refunds shall be due
and payable immediately upon request.

2

 

	 	 	 
	 

	 	Index base 2000 = 100
	 
	 	 
	 

	 	Should the basis for calculation of the aforementioned index change or the index
itself be abolished, the parties agree that the rent shall be tied to another index
that resembles the modified or abolished index as closely as possible.
	 
	 	 
	 

	 	In case the value guarantee clause in this form is neither valid without approval
nor approved by the Federal Ministry of Commerce, Lessor shall, by virtue of consent
given herewith by Lessee, draw up another value guarantee clause whose economic
effect most closely resembles the effect of this clause and, if required, submit
such clause as an amendment to the Lease to the Federal Department of Commerce for
approval.
	 
	 	 
	 

	 	If such clause is not approved, a performance clause which is not subject to
approval and whose economic effect approximates the effect of the value guarantee
clause as closely as possible shall be considered agreed upon by the parties.
	 
	 	 
	 

	 	Provisions Regarding the Use of Parking Spaces in the Underground Garage
	 
	 	 
	-

	 	The subletting of parking spaces is prohibited. Parking or leaving a vehicle anywhere on the
remainder of the property and/or in parking spaces other than those leased by Lessee is prohibited.
	 
	 	 
	-

	 	The use of the parking spaces for storage or as a workshop or the like is prohibited. Any such
misuse shall entitle Lessor to termination of the Lease without notice.
	 
	 	 
	-

	 	Structural alterations or modifications of the leased spaces by Lessee are not permitted. At the
termination of the lease, the leased premises shall be turned over to Lessor in clean condition.
	 
	 	 
	-

	 	Lessor shall not be liable for any damage to parked vehicles and brought-in property, unless
Lessor is guilty of gross negligence or criminal intent. The same shall apply to theft and
burglary.
	 
	 	 
	-

	 	Lessee shall be required to repair any damage to walls, doors etc. as well as any damage caused
by spilled gasoline, oil or acids immediately and without proof of fault or negligence. If the
floor of the leased premises is damaged, it must be refinished.
	 
	 	 
	-

	 	Lessor shall not be liable for personal injury or property damage.

B) Exhibits

	 	 	 
	Exhibit 1:

	 	Lease Agreement of 11.29./11.30.2000 pertaining to premises used as office space
	 
	 	 
	Exhibit 2:

	 	Excerpt form the Commercial Register showing Lessee’s certificate of registration
	 
	 	 
	Exhibit 3:

	 	Plan of the parking spaces located in underground garages and parking lots (will be
submitted at a later date together with an additional addendum regarding the content of the Lease
Agreement)

C) Miscellaneous

	 	 	 
	-

	 	As far as the content of the Lease Agreement of 11.29./11.30.2000 is neither modified nor amended
by Addendum 1, it shall remain in effect, unchanged and in its entirety.
	 
	 	 
	-

	 	The Lease Agreements of 01.11.2001, 05.07.2001 (with Special Agreement) and 09.27./10.01.2004
pertaining to garages shall be void as of 01.01.2006 without alternative agreements to replace
them.

3

 

	 	 	 
	-

	 	Additional agreements as well as changes and amendments to this Agreement shall only be valid if
they are in writing. This also applies to promises and consent of any kind, as well as to a change
in the requirement that they be in written form. Verbal agreements shall not be considered valid.

	 	 	 	 	 
	 

	 	Eschborn, (dated) 12/15/05
	 	Hamburg (dated) 12.13.2005
	 
	 

	 	[signature]
	 	[signature]
	 

	 	 
	 	 
	 

	 	Deutsche Commercial Property Hamburg 2 GmbH
represented by Ralf Selke, General Manager
and Gunther R. Deutsch, Assistant Vice President
as Lessor
	 	Domilens GmbH
represented by Mr. Günther Roepstorff,
General Manager
as Lessee

4

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