Document:

EX-4.2

 Exhibit 4.2 
  

 
 RIGHTS CERTIFICATE #: NUMBER OF RIGHTS 
THE TERMS AND CONDITIONS OF THE RIGHTS OFFERING ARE SET FORTH IN THE COMPANY’S PROSPECTUS

DATED JULY 18, 2016 (THE “PROSPECTUS”) AND ARE INCORPORATED HEREIN BY REFERENCE. COPIES OF 
THE PROSPECTUS ARE AVAILABLE UPON REQUEST FROM IPREO, LLC, THE INFORMATION AGENT. 
Nuverra
Environmental Solutions, Inc. 
Incorporated under the laws of the State of Delaware 
NON - TRANSFERABLE SUBSCRIPTION RIGHTS CERTIFICATE 
Evidencing Non-Transferable Subscription
Rights to Purchase Shares of Common Stock of Nuverra Environmental Solutions, Inc. 
Subscription Price: $0.256 per Share 
THE SUBSCRIPTION RIGHTS WILL EXPIRE IF NOT EXERCISED ON OR BEFORE 5:00 P.M., NEW YORK CITY TIME,

ON JULY 27, 2016, UNLESS EXTENDED BY THE COMPANY 
REGISTERED OWNER: THIS
CERTIFIES THAT the registered owner whose name is inscribed hereon is the owner of the number of non-transferable subscription rights (“Rights”) set forth above. Each whole Right entitles the holder thereof to subscribe for and purchase
one share of Common Stock, with a par value of $0.001 per share, of Nuverra Environmental Solutions, Inc., a Delaware corporation, at a subscription price of $0.256 per share (the “Basic Subscription Privilege”), pursuant to a rights
offering (the “Rights Offering”), on the terms and subject to the conditions set forth in the Prospectus and the “Instructions as to Use of Nuverra Environmental Solutions, Inc. Subscription Rights Certificates” accompanying this
Subscription Rights Certificate. If any shares of Common Stock available for purchase in the Rights Offering are not purchased by other holders of Rights pursuant to the exercise of their Subscription Privilege (the “Excess Shares”), any
unpurchased shares shall be purchased by the backstop purchaser Pursuant to the backstop obligations. The Rights represented by this Subscription Rights Certificate may be exercised by completing Form 1 and any other appropriate forms on the reverse
side hereof and by retuning the full payment of the subscription price for each share of Common Stock in accordance with the “Instructions as to Use of Sample corporation, Inc. Subscription Rights Certificate that accompany this Subscription
Rights Certificate. 
This Subscription Rights Certificate is not valid unless countersigned by the subscription agent and registered by the registrar. Witness the
seal of Sample Corporation and the signatures of its duly authorized officers. 
Dated: July 18, 2016 
Chairman and Chief Executive Officer Executive Vice President, Chief Legal Officer and Corporate Secretary 
Corporate Secretary 

 

 
 DELIVERY OPTIONS FOR SUBSCRIPTION RIGHTS CERTIFICATE

Delivery other than in the manner or to the address listed below will not constitute valid delivery. 
If delivering by mail, hand or overnight courier: 
American Stock Transfer & Trust Company,
LLC 
Operations Center 
Attn: Reorganization Department 
P.O. Box 2042 
Brooklyn, New York 10727-2042 
PLEASE PRINT ALL INFORMATION CLEARLY AND LEGIBLY. 
FORM 1-EXERCISE OF SUBSCRIPTION RIGHTS

To subscribe for shares pursuant to your Subscription Right, please complete lines (a) and (b) and sign under Form 4 below. To the extent you subscribe for more
Shares than you are entitled under the Subscription Right, you will be deemed to have elected to purchase the maximum number of shares for which you are entitled to subscribe under the Subscription Right. 
(a) EXERCISE OF BASIC SUBSCRIPTION RIGHT: 
I apply for ______________ shares x $ 0.256 =
$_______________ 
(no. of new shares) (subscription price) (amount enclosed)

(b) Total Amount of Payment Enclosed = $__________________ 
METHOD OF PAYMENT
(CHECK ONE) 
Check or bank draft payable to “American Stock Transfer & Trust Company, LLC as Subscription Agent.” 
Wire transfer of immediately available funds directly to the account maintained by American Stock Transfer & Trust Company, LLC, as Subscription Agent, for purposes of
accepting subscriptions in this Rights Offering at JPMorgan Chase Bank, 55 Water Street, New York, New York 10005, ABA #021000021, Account # 530-354616 American Stock Transfer FBO Nuverra Environmental Solutions, Inc., with reference to the rights
holder’s name. 
FORM 2-TRANSFER TO DESIGNATED TRANSFEREE 
To transfer your
subscription rights to another person, complete this Form 2 and have your signature guaranteed under Form 5. 
For value received ______________ of the subscription
rights represented by this Subscription Rights Certificate are assigned to: 
Social Security # __________________________________________________ 
Signature(s): ______________________________________________________ 
IMPORTANT: The
signature(s) must correspond with the name(s) as printed on the reverse of this Subscription Rights Certificate in every particular, without alteration or enlargement, or any other change whatsoever. 
FORM 3-DELIVERY TO DIFFERENT ADDRESS 
If you wish for the Common Stock underlying your
subscription rights, a 
certificate representing unexercised subscription rights or the proceeds of any sale of subscription rights to be delivered to an address
different from that shown on the face of this Subscription Rights Certificate, please enter the alternate address below, sign under Form 4 and have your signature guaranteed under Form 5. 
FORM 4-SIGNATURE 
TO SUBSCRIBE: I acknowledge that I have received the Prospectus for this
Rights Offering and I hereby irrevocably subscribe for the number of shares indicated above on the terms and conditions specified in the Prospectus. By signing below I confirm that (1) after giving effect to the exercise of my Rights, I will not
beneficially own, as determined in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended, more than 14.99% of the Company’s outstanding shares of Common Stock (calculated immediately upon the closing of the rights
offering after giving effect to the Backstop Commitment, as described in the Prospectus) and (2), if I already beneficially own, as determined in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended, in excess of 14.99%
of the Company’s outstanding shares of Common Stock I will not, via the exercise of the Rights, increase my proportionate interest in the Company’s Common Stock (with respect to (1) or (2), any such excess shares, the “Excess
Shares”). With respect to any such Excess Shares, I hereby (1) irrevocably appoint and constitute the Company, each of its authorized officers and their designees, and each of them, with full power of substitution, as my proxy and attorney in
fact with full authority to vote and act by written consent with respect to any such Excess Shares on any matter submitted to shareholders for a vote or action by written consent, in the discretion of such proxy, to the same extent I would have the
power to vote or act by written consent and (2) grant the Company a right for 90 days from the closing of the rights offering to repurchase such Excess Shares at the lesser of the $0.256 per share subscription price and the closing price of the
Company’s Common Stock on the New York Stock Exchange on the trading day immediately prior to the date on which notice is sent to the holder of the Company’s intent to exercise such right, which notice must be sent prior to the expiration
of such 90 day period. I agree to cooperate with the Company and provide to the Company any and all information requested by the Company in connection with the exercise of the rights granted in the previous sentence. 
Signature(s): ______________________________________________________ 
IMPORTANT: The
signature(s) must correspond with the name(s) as printed on the reverse of this Subscription Rights Certificate in every particular, without alteration or enlargement, or any other change whatsoever. 
FORM 5-SIGNATURE GUARANTEE 
This form must be completed if you have completed any portion of
Forms 2 or 3. 
Signature Guaranteed: _______________________________________________ 
(Name of Bank or Firm) 
By:_______________________________________________________________

(Signature of Officer) 
IMPORTANT: The signature(s) should be guaranteed by an
eligible guarantor institution (bank, stock broker, savings & loan association or credit union) with membership in an approved signature guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15. 
FOR INSTRUCTIONS ON THE USE OF NUVERRA ENVIRONMENTAL SOLUTIONS, INC. SUBSCRIPTION RIGHTS CERTIFICATES, CONSULT IPREO, INC., THE INFORMATION AGENT, AT (888) 593-9546 (toll-free) or
(212) 849-3880 (for banks and brokers).EX-4.3

 Exhibit 4.3 
  

 
 SUBSCRIPTION AGENT AGREEMENT 

This SUBSCRIPTION AGENT AGREEMENT (this “Agreement”) is entered into as of July 13, 2016, by and between American Stock Transfer
& Trust Company, LLC (the “Subscription Agent”) and Nuverra Environmental Solutions, Inc., a Delaware corporation (the “Company”). 
  

	1.	The Company is offering (the “Rights Offering”), at no charge, to the holders of shares of its common stock, par value $0.001 per share (“Common Stock”), on July 18, 2016 (the “Record
Date”), subscription rights (“Rights”) to subscribe for 19,531,250 shares of Common Stock. Except as set forth in Sections 9 and 10 below, Rights shall cease to be exercisable at 5:00 P.M., New York City time, on July 27, 2016, or
such later date of which the Company notifies the Subscription Agent orally and confirms in writing (the “Expiration Date”). One Right is being issued for each share of Common Stock held on the Record Date. Each Right entitles a holder to
purchase one share of Common Stock at a subscription price of $0.256 (the “Subscription Price”), provided that no fractional shares will be issued in the Rights Offering and exercises of Rights will be rounded down. Payment in full of the
Subscription Price is required to purchase one share of Common Stock. Rights are evidenced by transferable subscription certificates in registered form (“Subscription Certificates”). Holders who exercise their Rights will not be entitled
to exercise an over-subscription privilege to purchase additional shares of Common Stock that may remain unsubscribed as a result of any unexercised Rights. The total gross proceeds from the shares offered in the Rights Offering will be
approximately $5.0 million. The Rights Offering is fully backstopped by Mark D. Johnsrud, the Company’s Chairman and Chief Executive Officer, pursuant to which Mr. Johnsrud will receive a backstop fee of 5% payable in the form of additional
Common Stock issued at $0.32 per share. Mr. Johnsrud has deposited $5.0 million into escrow which shall be available if there are any shares remaining unpurchased after the exercise of the Rights and even if the conditions to the Rights Offering are
not satisfied. There is not a minimum subscription to complete the Rights Offering. The Rights Offering will be conducted in the manner and upon the terms set forth in the Company’s Prospectus dated July 18, 2016 (the “Prospectus”).

  

	2.	 The Subscription Agent is hereby appointed to affect the Rights Offering as set forth herein. The Subscription
Agent may rely on, and shall be protected in acting upon, any certificate, instrument, opinion, representation, notice letter or other document delivered to it and believed by it to be genuine and to have been signed by the proper party or parties.

  
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	3.	Enclosed herewith are the following, the receipt of which the Subscription Agent acknowledges by its execution hereof: 

  

	 	(a)	a copy of the Prospectus; 

  

	 	(b)	the form of Subscription Certificate (with instructions); 

  

	 	(c)	resolutions adopted by the board of directors of the Company in connection with the Rights Offering, certified by the secretary of the Company; and 

 

	 	(d)	notice of guaranteed delivery (“Notice of Guaranteed Delivery”). 

  

	4.	As soon as is reasonably practical, the Subscription Agent shall mail or cause to be mailed to each holder of Common Stock at the close of business on the Record Date a Subscription Certificate evidencing the Rights to
which such holder is entitled, a Notice of Guaranteed Delivery, a Prospectus and an envelope addressed to the Subscription Agent. Prior to mailing, the Company shall provide the Subscription Agent with blank Subscription Certificates which the
Subscription Agent shall prepare and issue in the names of holders of Common Stock of record at the close of business on the Record Date and for the number of Rights to which they are entitled. The Company shall also provide the Subscription
Agent with a sufficient number of copies of each of the documents to be mailed with the Subscription Certificates. 

  

	5.	Subscription Procedure. 

  

	 	(a)	Upon the Subscription Agent’s receipt prior to 5:00 P.M., New York City time, on the Expiration Date (by mail or delivery) of (i) any Subscription Certificate completed and endorsed for exercise, as provided on the
reverse side of the Subscription Certificate (except as provided in Section 9 hereof), and (ii) payment in full of the Subscription Price in U.S. funds by check or wire transfer (without deduction for bank service charges or otherwise) to the order
of “American Stock Transfer & Trust Company, LLC” the Subscription Agent shall as soon as practicable after the Expiration Date, but after performing the procedures described in subsections (b) and (c) below, mail to the
subscriber’s registered address on the books of the Company certificates representing the securities underlying each share of Common Stock duly subscribed for and furnish a list of all such information to the Company. 

 

	 	(b)	Funds received by the Subscription Agent pursuant to the Basic Subscription Right shall be held by it in a segregated account. Upon mailing certificates representing the Common Stock, the Subscription Agent shall
promptly remit to the Company all funds received in payment of the Subscription Price for Common Stock issued in the Rights Offering. The Subscription Agent will not be obligated to calculate or pay interest to any holder or party.

  

	6.	 Until 5:00 P.M., New York City time, on the third Business Day (as defined below) prior to the Expiration Date,
the Subscription Agent shall facilitate subdivision or transfers of 

  
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Subscription Certificates by issuing new Subscription Certificates in accordance with the instructions set forth on the reverse side of the Subscription Certificates. As used in herein,
“Business Day” shall mean any day other than a Saturday, a Sunday, or a day on which banking institutions in the State of New York are authorized or obligated by law or executive order to close. 

 

	7.	The Company shall have the absolute right to reject any defective exercise of Rights or to waive any defect in exercise. Unless requested to do so by the Company, the Subscription Agent shall not be under any duty to
give notification to holders of Subscription Certificates of any defects or irregularities in subscriptions. Subscriptions will not be deemed to have been made until any such defects or irregularities have been cured or waived within such time as
the Company shall determine. The Subscription Agent shall as soon as practicable return Subscription Certificates with the defects or irregularities which have not been cured or waived to the holder of the Rights. If any Subscription Certificate is
alleged to have been lost, stolen or destroyed, the Subscription Agent should follow the same procedures followed for lost stock certificates representing Common Stock it uses in its capacity as transfer agent for the Company’s Common Stock.

  

	8.	If prior to 5:00 P.M., New York City time, on the Expiration Date the Subscription Agent receives (i) payment in full of the Subscription Price for the shares of Common Stock being subscribed for and (ii) a guarantee
notice substantially in the form of the notice of guaranteed delivery (“Notice of Guaranteed Delivery”) delivered with the Subscription Certificate, from a financial institution having an office or correspondent in the United States, or a
member firm of any registered United States national securities exchange or of FINRA stating the certificate number of the Subscription Certificate relating to the Rights, the name and address of the exercising subscriber, the number of Rights
represented by the Subscription Certificate held by such exercising subscriber, the number of shares of Common Stock being subscribed for pursuant to the Rights and guaranteeing the delivery to the Subscription Agent of the Subscription Certificate
evidencing such Rights within three (3) OTCQB U.S. Market trading days (“Trading Days”) following the date of the Notice of Guaranteed Delivery, then the Rights may be exercised even though the Subscription Certificate was not delivered to
the Subscription Agent prior to 5:00 P.M., New York City time, on the Expiration Date, provided that within three Trading Days following the date of the Notice of Guaranteed Delivery the Subscription Agent receives the properly completed
Subscription Certificate evidencing the Rights being exercised, with signatures guaranteed if required. 

  

	9.	The Subscription Agent shall deliver to the Company the exercised Subscription Certificates in accordance with written directions received from the Company and shall deliver to the subscribers who have duly exercised
Rights at their registered addresses certificates representing the securities subscribed for as instructed on the reverse side of the Subscription Certificates. 

  

	10.	 The Subscription Agent shall notify the Company by telephone on an before the close of business on each Business
Day during the period commencing five (5) Business Days 

  
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after the mailing of the Rights and ending at the Expiration Date (and in the case of guaranteed deliveries ending three (3) Trading Days after the Expiration Date) (a “daily notice”),
which notice shall thereafter be confirmed in writing, of (i) the number of Rights exercised on the day covered by such daily notice, (ii) the number of Rights subject to guaranteed exercises on the day covered by such daily notice, (iii) the number
of Rights for which defective exercises have been received on the day covered by such daily notice, and (iv) the cumulative total of the information set forth in clauses (i) through (iii) above. At or before 5:00 P.M., New York City time, on
the first Trading Day following the Expiration Date the Subscription Agent shall certify in writing to the Company the cumulative total through the Expiration Date of all the information set forth in clauses (i) through (iii) above. At or before
10:00 A.M., New York City time, on the fifth Trading Day following the Expiration Date the Subscription Agent will execute and deliver to the Company a certificate setting forth the number of Rights exercised pursuant to a Notice of Guaranteed
Delivery and as to which Subscription Certificates have been timely received. The Subscription Agent shall also maintain and update a listing of holders who have fully or partially exercised their Rights, holders who have transferred their Rights
and their transferees, and holders who have not exercised their Rights. The Subscription Agent shall provide the Company or its designees with such information compiled by the Subscription Agent pursuant to this Section 10 as any of them shall
request. 

  

	11.	With respect to notices or instructions to be provided by the Company hereunder, the Subscription Agent may rely and act on any written instruction signed by any one or more of the following authorized officers or
employees of the Company: 

  

			
	Name	  	Title
	Mark D. Johnsrud	  	Chairman and Chief Executive Officer
	Jospeh M. Crabb	  	Executive Vice President,Chief Legal Officer and Corporate Secretary

  

	12.	Whether or not the Rights Offering is consummated, the Company agrees to pay the Subscription Agent for services rendered hereunder, as set forth in the schedule attached to this Agreement. 

 

	13.	The Subscription Agent may employ or retain such agents (including but not limited to, vendors, advisors and subcontractors) as it reasonably requires to perform its duties and obligations hereunder; may pay reasonable
remuneration for all services so performed by such agents; shall not be responsible for any misconduct on the part of such agents; and in the case of counsel, may rely on the written advice or opinion of such counsel, which shall be full and
complete authorization and protection in respect of any action taken, suffered or omitted by the Subscription Agent hereunder in good faith and in accordance with such advice or opinion. Additionally, the Subscription Agent shall identify,
report and deliver any unclaimed property and/or payments to all states and jurisdictions for the Company in accordance with applicable abandoned property law. The Subscription Agent shall also provide information agent services to the Company
on terms to be mutually agreed upon by the parties hereto. 

  
 4 

	14.	The Company hereby covenants and agrees to indemnify, reimburse and hold the Subscription Agent and its officers, directors, employees and agents harmless against any loss, liability or reasonable expense (including
legal and other fees and expenses) incurred by the Subscription Agent arising out of or in connection with entering into this Agreement or the performance of its duties hereunder, except for such losses, liabilities or expenses incurred as a result
of its gross negligence, bad faith or willful misconduct. The Company shall not be liable under this indemnity with respect to any claim against the Subscription Agent unless the Company is notified of the written assertion of a claim against
it, or of any action commenced against it, promptly after it shall have received any such written information as to the nature and basis of the claim; provided, however, that failure by the Subscription Agent to provide such notice shall not relieve
the Company of any liability hereunder if no prejudice occurs. 

  

	    	In no event shall the Subscription Agent have any liability for any incidental, special, statutory, indirect or consequential damages, or for any loss of profits, revenue, data or cost of cover.

 

	    	All provisions regarding indemnification, liability and limits thereon shall survive the resignation or removal of the Subscription Agent or the termination of this Agreement. 

 

	15.	Any notice or communication by the Subscription Agent or the Company to the other is duly given if in writing and delivered in person or via first class mail (postage prepaid), or overnight air courier to the
other’s address. 

 If to the Company: 

Nuverra Environmental Solutions, Inc. 

14624 N. Scottsdale Road, Suite 300 

Scottsdale, Arizona 85254 

Attn: Joseph M. Crabb 
 Tel:
(602) 903.7802 
 If to the Subscription Agent: 

American Stock Transfer & Trust Company, LLC 

6201 15th Avenue 
 Brooklyn, New
York 11219 
 Attn: Corporate Actions 

Tel: (718) 921.8200 
 with copy
to: 
 American Stock Transfer & Trust Company, LLC 

6201 15th Avenue 
 Brooklyn, New
York 11219 
 Attn: General Counsel 

Tel: (718) 921.8200 

  
 5 

	    	The Subscription Agent and the Company may, by notice to the other, designate additional or different addresses for subsequent notices or communications. 

 

	16.	If any provision of this Agreement shall be held illegal, invalid, or unenforceable by any court, this Agreement shall be construed and enforced as if such provision had not been contained herein and shall be deemed an
Agreement between us to the full extent permitted by applicable law. 

  

	17.	This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to principles of conflicts of law, and shall inure to the benefit of and be binding upon the
successors and permitted assigns of the parties hereto. 

  

	18.	Neither this Agreement, nor any rights or obligations hereunder, may be assigned by either party without the written consent of the other party. However, the Subscription Agent may assign this Agreement or any rights
granted hereunder, in whole or in part, either to affiliates, another division, subsidiaries or in connection with its reorganization or to successors of all or a majority of the Subscription Agent’s assets or business without the prior written
consent of the Company. 

  

	19.	No provision of this Agreement may be amended, modified or waived, except in writing signed by all of the parties hereto. This Agreement may be executed in counterparts, each of which shall be for all purposes
deemed an original, but all of which together shall constitute one and the same instrument. 

  

	20.	Nothing herein contained shall amend, replace or supersede any agreement between the Company and the Subscription Agent to act as the Company’s transfer agent, which agreement shall remain of full force and effect.

 [signature page follows] 

  
 6 

 This Subscription Agent Agreement has been executed by the parties hereto as of the date first
written above. 
  

			
	NUVERRA ENVIRONMENTAL SOLUTIONS, INC.
		
	 By:
	 	 /s/ Joseph M. Crabb

	 Name:
	 	 Joseph M. Crabb

	 Title:
	 	 Executive Vice President, Chief Legal

		 	 Officer and Corporate Secretary

 Agreed & Accepted: 

AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC 
  

			
	 By:
	 	 /s/ Michael Legregin

	 Name:
	 	 Michael Legregin

	 Title:
	 	 Senior Vice President

  
 7 

 Fee Schedule 

Flat fee of $20,000.00 plus $10.00 per subscription received. There will be a charge of $5,000.00 for each extension to the Rights Offering. 

Plus reasonable out-of-pocket expenses. 
 The party below is
responsible for payment of the fees: 
     Name: Nuverra Environmental Solutions, Inc. 

    Attention: Joe Crabb 

    Address: 14624 N. Scottsdale Rd. 

    Address: Suite 300 

    Address: 

    Facsimile: 602-903-7806 

    Phone: 602-903-7802 

    Email: joe.crabb@nuverra.com 

Payment of fees is expected on launch date.
 Santander Bank N.A.

 601 Penn Street, Reading, PA 19601 
 ABA # 

SWIFT CODE: 
 FFC: American Stock Transfer & Trust Company,
LLC 
 6201 15th Avenue 
 Brooklyn, NY 11219 

ACCOUNT # 
 REFERENCE: Nuverra Environmental Solutions, Inc. 

The fees quoted in this schedule apply to services ordinarily rendered by American Stock Transfer & Trust Company, LLC (“AST”) as subscription
agent and are subject to reasonable adjustment based on final review of documents, or when AST is called upon to undertake unusual duties or responsibilities, or as changes in law, procedures, or the cost of doing business demand. Furthermore,
the fees quoted in this schedule are based upon information provided to AST and are subject to change upon modification or supplementation of such information resulting in the provision of additional services by AST. Services in addition to and
not contemplated in this Agreement, including, but not limited to, document amendments and revisions, calculations, notices and reports, legal fees and unanticipated transaction costs (including charges for wire transfers, checks, internal transfers
and securities transactions) will be billed as extraordinary expenses.

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