Document:

EX-10.18

 EXHIBIT 10.18 

AMENDMENT TO 
 EMPLOYMENT
AGREEMENT 
 This AMENDMENT (this “Amendment”), dated [●], 2016, to the Employment Agreement, dated
February 1, 2016 (the “Employment Agreement”), by and between Keane Group Holdings, LLC (“Holdings”) and Ian J. Henkes (the “Executive”), is made and entered into by and among Holdings, the
Executive and Keane Group, Inc. (“Keane”) (each a “Party” and collectively the “Parties”). 

WHEREAS, the Parties desire that Holdings assign its rights and obligations under the Employment Agreement to Keane, effective as of the date
of the consummation of an initial public offering by Keane of its equity securities pursuant to an effective registration statement (other than on Form S-4, S-8 or
a comparable form) under the Securities Act of 1933, as amended (such date, the “IPO Date”); and 
 WHEREAS, the Parties
desire to amend the Employment Agreement as set forth herein, effective as of the dates provided herein. 
 NOW, THEREFORE, in consideration
of the mutual promises and conditions set forth herein, the Parties hereby agree as follows: 
 1. Effective as of the IPO Date: 

(a) Holdings assigns and transfers to Keane, and Keane assumes and agrees to be bound by and perform, all of Holdings’ rights and
obligations under the Employment Agreement with no continuing obligation or liability of Holdings thereunder; 
 (b) the Executive
recognizes Keane as the successor-in-interest of Holdings under the Employment Agreement and releases Holdings from any obligation or liability under the Employment
Agreement; and 
 (c) all references in the Employment Agreement to the “Company” shall be deemed to be references to Keane. 

2. Effective as of the date hereof, a new sentence is added to the end of Section 3.1 to read as follows: 

Notwithstanding anything herein to the contrary, the Executive may, and it shall not be considered a violation of this Agreement for the
Executive to: (a) engage in or serve such professional, civic, trade association, charitable, community, educational, religious or similar types of organizations or speaking engagements, as the Executive may select; (b) subject to the prior approval
of the Board, serve on the boards of directors or advisory committees of any entities, or engage in other business activities; and (c) attend to the Executive’s personal matters and/or the Executive’s and/or his family’s personal
finances, investments and business affairs, so long as such service or activities described in clauses (a), (b) and (c) immediately preceding do not significantly interfere with the performance of the Executive’s responsibilities as an employee
of the Company in accordance with this Agreement. 

 3. Effective as of the date hereof, the definition of “Cause” set forth in
Section 5.1 of the Employment Agreement is amended in its entirety to read as follows: 
 For the purposes of this Agreement,
“Cause” means: (a) the Executive’s indictment, for conviction of or plea of no contest to a felony or any crime involving dishonesty or theft; (b) the Executive’s conduct in connection with the Executive’s employment
duties or responsibilities that is fraudulent, unlawful or grossly negligent; (c) the Executive’s willful misconduct; (d) the Executive’s contravention of specific lawful directions related to a material duty or responsibility which is
directed to be undertaken from the Board; (e) the Executive’s material breach of the Executive’s obligations under this Agreement, including, but not limited to breach of the Executive’s restrictive covenants set forth in
Section 6 hereof; (f) any acts of dishonesty by the Executive resulting or intending to result in personal gain or enrichment at the expense of the Company, its subsidiaries or affiliates; or (g) the Executive’s failure to comply with a
material policy of the Company, its subsidiaries or affiliates; provided however, that none of the events described in clauses (d), (e) or (g) of this sentence shall constitute Cause unless and until (x) the Board reasonably determines
in good faith that a Cause event has occurred, (y) the Board notifies the Executive in writing describing in reasonable detail the event which constitutes Cause within five (5) days of its occurrence, and (z) if the grounds for Cause are reasonably
curable, the Executive fails to cure such event within five (5) days after the Executive’s receipt of such written notice. For purposes of clause (c) of the prior sentence, no act or failure to act by the Executive shall be considered
“willful” unless it is done, or omitted to be done, in bad faith or without a reasonable belief that the Executive’s action or omission was in the best interests of the Company. The Board shall make all determinations related to
Cause. 
 4. Effective as of the date hereof, Section 5.2(a) of the Employment Agreement is amended in its entirety to read as follows: 

(a) a severance payment equal to twelve (12) months of the Executive’s Base Salary on the date of such termination, payable over twelve
(12) months following such termination of employment in equal monthly installments; and 
 5. Effective as of the date hereof, the
references to “six (6) months” in the first sentences of each of Sections 6.3 and 6.4 of the Employment Agreement are amended to read “twelve (12) months.” 

6. Effective as of the date hereof, a new Section 8.13 is added to the Employment Agreement to read as follows: 

8.13. Protected Rights. 

(a) The Executive understands that this Agreement does not limit the Executive’s ability to communicate with the Equal Employment
Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange Commission or any other federal, state or local governmental agency or commission (“Government
Agencies”), including to report possible violations of federal law or regulation or making other disclosures that are protected under the whistleblower provisions of federal law or regulation, or otherwise participate in any investigation
or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Company. 

(b) The Executive will not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade
secret that (i) is made (x) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (y) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made
in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 

 [Signature page follows] 

 IN WITNESS WHEREOF, the Parties hereto, intending to be legally bound hereby, have executed this
Amendment as of the day and year first above mentioned. 
  

			
	Keane Group Holdings, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Keane Group, Inc.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	EXECUTIVE:
	
	  

	
	Name: Ian J. HenkesEX-10.19

 EXHIBIT 10.19 

ASSIGNMENT AGREEMENT 

This ASSIGNMENT AGREEMENT (this “Assignment Agreement”), dated December [●], 2016, is made and entered into by and
among Keane Group Holdings, LLC (“Holdings”), Keane Group, Inc. (“Keane”), and Kevin M. McDonald (the “Executive”) (each a “Party” and collectively the “Parties”).

 WHEREAS, the Executive entered into an Employment Agreement with Holdings, dated as of October 20, 2016 (the “Employment
Agreement”); and 
 WHEREAS, the Parties desire that Holdings assign its rights and obligations under the Employment Agreement to
Keane, effective as of the date of the consummation of an initial public offering by Keane of its equity securities pursuant to an effective registration statement (other than on Form S-4, S-8 or a comparable form) under the Securities Act of 1933, as amended (such date, the “IPO Date”). 

NOW, THEREFORE, in consideration of the mutual promises and conditions set forth herein, effective as of the IPO Date the Parties hereby agree
as follows: 
 1. Holdings assigns and transfers to Keane, and Keane assumes and agrees to be bound by and perform, all of Holdings’
rights and obligations under the Employment Agreement with no continuing obligation or liability of Holdings thereunder. 
 2. The Executive
recognizes Keane as the successor-in-interest of Holdings under the Employment Agreement and releases Holdings from any obligation or liability under the Employment
Agreement. 
 3. All references in the Employment Agreement to the “Company” shall be deemed to be references to Keane. 

[Signature page follows] 

 IN WITNESS WHEREOF, the Parties hereto, intending to be legally bound hereby, have executed this
Assignment Agreement as of the day and year first above mentioned. 
  

			
	Keane Group Holdings, LLC
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	Keane Group, Inc.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	EXECUTIVE:
	
	  

	Name: Kevin M. McDonald

  
 2EX-10.20

 EXHIBIT 10.20 

KEANE VALUE CREATION PLAN 

(Effective March 14, 2016, as amended November 8, 2016) 

 

	1.	OBJECTIVE 

 Keane Group Holdings, LLC (the “Company”) has established this Keane Value
Creation Plan (formerly known as the “Keane Group LLC Incentive and Retention Plan”) (the “Plan”) to provide incentive payments to retain certain key management employees following the “Closing Date” (as
defined in the Asset Purchase Agreement by and among the Company, Keane Frac, LP, Trican Well Service Ltd., and Trican Well Service, L.P., dated January 25, 2016 (the “Purchase Agreement”)). 

 

	2.	EFFECTIVE DATE 

 The Plan is effective on the date of adoption by the Compensation Committee (the
“Compensation Committee”) of the Company’s Management Board (the “Board”). 
  

	3.	PARTICIPATION 

 The following key employees shall be participants in the Plan (each a
“Participant”): 
  

	 	•	 	James Stewart 

  

	 	•	 	Greg Powell 

  

	 	•	 	Paul Debonis 

  

	4.	ELIGIBILITY FOR INCENTIVE PAYMENTS 

 For a Participant to be eligible to receive an Incentive Payment (as
defined below) under the Plan, each of the following conditions must be met: 
  

	 	(a)	the relevant Milestone (as defined below) must be achieved, and 

  

	 	(b)	the Participant must remain continuously employed by the Company through the date that the particular Incentive Payment is paid. 

  

	5.	AMOUNT OF POTENTIAL INCENTIVE PAYMENTS 

 Each Participant shall be eligible for three separate bonuses
(each, an “Incentive Payment”). The payment of each separate Incentive Payment shall be conditioned on the achievement of the applicable Performance Criteria (each, a “Milestone”). The amount of each
Participant’s potential Incentive Payment with respect to each Milestone and the total amount of each Participant’s Incentive Payments is set forth on Appendix A hereto. 

 

	6.	PERFORMANCE CONDITIONS FOR INCENTIVE PAYMENTS 

 Subject to Section 4, a Participant’s Incentive
Payment with respect to each Milestone will be payable to the Participant within thirty (30) days following the date that the Compensation Committee determines whether the applicable Performance Criteria set forth in the table below was
achieved during the applicable Performance Period indicated in the table below: 
  

					
	 Milestone
	  	 Performance Period
	  	 Performance Criteria

	Milestone 11	  	The period for determination of the Company’s cost-out run rate following the “Closing Date” (as defined in the Purchase Agreement) as set forth in the Company’s
Underwriting Plan.	  	Achievement by the Company of at least a $66 Million cost-out on a run rate basis as outlined in the Company’s Underwriting Plan.
			
	Milestone 2	  	On or before December 31, 2017	  	The consummation of an initial public offering of the equity securities of the Company pursuant to an effective registration statement (other than on Form S-4, S-8 or a comparable form) under the Securities Act of 1933, as amended (an “IPO”).
			
	Milestone 3	  	January 1 2017 – December 31, 2017	  	Achievement by the Company of at least $135 Million of 2017 Adjusted EBITDA (verified by audited financial statements).

  

	1 	Milestone 1 was achieved and the related Incentive Payments were made in June 2016 to each Participant. 

 Notwithstanding Section 8, in the event of any change in the capital structure of the Company by reason of
any reorganization, recapitalization, merger, consolidation, spin-off, reclassification, combination or any transaction similar to the foregoing, the Compensation Committee may make such adjustments, if any,
to the Performance Criteria set forth above as it deems to be equitable in its sole discretion. 
  

	7.	ADMINISTRATION OF THE PLAN 

 The Compensation Committee will have the full power and authority to
interpret, construe and administer the Plan, and the Compensation Committee’s interpretations, construction and administration thereof, and actions taken thereunder, including the determination of each Participant’s Incentive Payments will
be binding and conclusive on all persons for all purposes. No officer or director of the Company will be personally liable to any person for any action taken or omitted in connection with the interpretation, construction and administration of the
Plan, and the Company will indemnify and hold harmless each such officer or director against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim with the approval of the Board) arising out of
any such act or omission, unless such action is attributable to his or her own fraud or willful misconduct. 
  

	8.	AMENDMENT 

 The Company reserves the right to make exceptions to the Plan upon such terms and conditions
it deems appropriate, and to terminate, amend or supplement the Plan at any time in its sole and absolute discretion; provided that no such termination, amendment or suspension, without the consent of the Participants, will affect adversely any
earned but unpaid Incentive Payment. 
  

	9.	MISCELLANEOUS 

 The Plan shall not be interpreted as, and no action taken hereunder will be construed as
establishing, a contract of employment or otherwise bind either the Participant or the Company to a specific period of employment, or interfere in any way with the right of the Company to terminate any Participant’s employment at any time, for
any reason, subject to the terms of any applicable employment agreement between the Company and the Participant. The Plan is intended to be an “unfunded” plan for incentive compensation, and with respect to any payments not yet made to a
Participant nothing contained in the Plan will give the Participant any rights that are greater than those of a general creditor of the Company. No payment pursuant to the Plan will be taken into account in determining any benefits under any
severance, pension, retirement, savings, profit sharing, group insurance, welfare or other benefit agreement or plan of the Company or its affiliates except to the extent otherwise expressly provided in writing. A Participant may not assign, sell,
encumber, transfer or otherwise dispose of any right to receive an Incentive Payment under the Plan and any attempted disposition in contravention of the foregoing will be null and void. The Company may assign its rights and obligations under the
Plan to another entity that will succeed to all or substantially all of the assets and business of the Company. Notwithstanding anything herein to the contrary, upon the consummation of an IPO, the Plan will be transferred to and assumed by Keane
Group, Inc., and thereafter all references in the Plan to the “Company” will refer to Keane Group, Inc. 
  

	10.	TAXES 

 The Company will deduct from all amounts paid under the Plan all federal, state, local and other
taxes required by law to be withheld with respect to such payments. Each separate Incentive Payment shall be construed as a separate identified payment for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), and is intended to constitute a “short-term deferral,” within the meaning of Code Section 409A. 
  

	11.	Governing Law. 

 The Plan will be administered, interpreted and enforced under the internal laws of the
State of Delaware without regard to conflicts of laws thereof. 

  
 Page 2 

 APPENDIX A 

AMOUNT OF POTENTIAL INCENTIVE PAYMENTS 
  

																	
	 Participant
	  	Milestone 1	 	  	Milestone 2	 	  	Milestone 3	 	  	Total	 
	 James Stewart
	  	$	666,667	  	  	$	666,667	  	  	$	666,667	  	  	$	2,000,000	  
	 Greg Powell
	  	$	666,667	  	  	$	666,667	  	  	$	666,667	  	  	$	2,000,000	  
	 Paul Debonis
	  	$	166,667	  	  	$	166,667	  	  	$	166,667	  	  	$	500,000	  

  
 Page 3

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