Document:

EX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made by and between FRANK’S INTERNATIONAL, LLC, a
Texas limited liability company (the “Employer”), FRANK’S INTERNATIONAL N.V. (“FINV”), and DONALD KEITH MOSING (“Executive”), effective as of October 30,
2014 (the “Effective Date”). 
 W I T N E S S E T H: 

A. The Employer currently employs Executive as the Chief Executive Officer and President of FINV and of the Employer, and Executive
currently serves as Chairman of the Supervisory Board and Director of FINV, as well as Chairman of the Employer, pursuant to the terms of that certain Employment Agreement, dated January 1, 2005, between Executive and Frank’s
International, Inc., predecessor by merger to Employer (including subsequent amendments thereto, the “Prior Employment Agreement”); and 

B. The Employer desires to enter into this Agreement, which will supersede in its entirety the Prior Employment Agreement, and thereby
continue to employ Executive on the terms and conditions, and for the consideration, hereinafter set forth, and Executive desires to continue to be employed by the Employer, and to commit himself to serve the Employer and FINV, on such terms and
conditions and for such consideration. 
 NOW, THEREFORE, for and in consideration of the mutual promises, covenants, and obligations
contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Employer and Executive agree as follows: 

ARTICLE I 

DEFINITIONS 
 In
addition to the terms defined in the body of this Agreement, for purposes of this Agreement, the following capitalized words shall have the meanings indicated below: 

1.1 “Average Annual Bonus” shall mean the average Annual Bonus (as such term is defined in Section 4.2)
paid (or payable) for the three calendar years (or if Executive was employed for less than three full calendar years, such lesser number of full calendar years for which Executive was employed) preceding the Date of Termination. 

1.2 “Board” shall mean the Board of Directors of FINV in the event there is a single Board of Directors of
FINV. 
 1.3 “Cause” shall mean a determination by the Supervisory Board that Executive (a) has engaged
in gross negligence, gross incompetence, or misconduct in the performance of Executive’s duties with respect to the Employer or any of its affiliates, (b) has failed without proper legal reason to perform Executive’s duties and
responsibilities to the Employer or any of its affiliates, (c) has breached any material provision of this Agreement or any written agreement or corporate policy or code of conduct established by the Employer or any of its affiliates,
(d) has engaged in conduct that is, or could reasonably expected to be, materially injurious to the Employer or any of its affiliates, (e) has committed an act of theft, fraud, embezzlement,

 
misappropriation, or breach of a fiduciary duty to the Employer or any of its affiliates, or (f) has been convicted of, pleaded no contest to, or received adjudicated probation or deferred
adjudication in connection with a crime involving fraud, dishonesty, or moral turpitude or any felony (or a crime of similar import in a foreign jurisdiction); provided, however, that prior to a termination for Cause under Section 1.3(a),
1.3(b), 1.3(c), or 1.3(d), the Employer shall provide written notice to Executive of any such act(s) or omission(s) upon which it intends to rely as a basis for a for-Cause termination within 30 days after such act(s) or omission(s) are initially
known to the Employer, and the Employer will offer Executive no less than 30 days to cure such breach if such breach is capable of cure. 

1.4 “Change in Control” shall mean: 

(a) a merger of the Employer or FINV (collectively, or either entity alone, the “Company”) with another
entity, a consolidation involving the Company, or the sale of all or substantially all of the assets of the Company to another entity if, in any such case, (i) the holders of equity securities of the Company immediately prior to such
transaction or event do not beneficially own immediately after such transaction or event equity securities of the resulting entity entitled to 50% or more of the votes then eligible to be cast in the election of directors generally (or comparable
governing body) of the resulting entity in substantially the same proportions that they owned the equity securities of the Company immediately prior to such transaction or event or (ii) the persons who were members of the Supervisory Board
immediately prior to such transaction or event shall not constitute at least a majority of the board of directors of the resulting entity immediately after such transaction or event; 

(b) the dissolution or liquidation of the Company; 

(c) when any person or entity (including a “group” as contemplated by section 13(d)(3) of the Securities Exchange Act
of 1934, as amended), other than a Permitted Holder or Permitted Holders, acquires or gains ownership or control (including, without limitation, power to vote) of more than 50% of the combined voting power of the outstanding securities of the
Company; or 
 (d) as a result of or in connection with a contested election of directors, the persons who were members of
the Supervisory Board immediately before such election shall cease to constitute a majority of the Supervisory Board. 
 For purposes of the preceding
sentence, (i) “resulting entity” in the context of a transaction or event that is a merger, consolidation, or sale of all or substantially all assets shall mean the surviving entity (or acquiring entity in the case of an asset sale)
unless the surviving entity (or acquiring entity in the case of an asset sale) is a subsidiary of another entity and the holders of common stock of the Company receive capital stock of such other entity in such transaction or event, in which event
the resulting entity shall be such other entity, and (ii) subsequent to the consummation of a merger or consolidation that does not constitute a Change in Control, the term “Company” shall refer to the resulting entity, and the term
“Board” shall refer to the board of directors (or comparable governing body) of the resulting entity. 

  
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 1.5 “Code” shall mean the Internal Revenue Code of 1986, as
amended. 
 1.6 “Date of Termination” shall mean the date Executive’s employment with the Employer is
considered to have terminated pursuant to Section 3.5. 
 1.7 “Good Reason” shall mean the occurrence of
any of the following events: 
 (a) a material diminution in Executive’s Base Salary (as such term is defined in
Section 4.1), other than as a part of one or more decreases that (i) shall not exceed, in the aggregate, more than 10% of Executive’s Base Salary as in effect on the date immediately prior to such decrease, and (ii) are applied
similarly to all of the Employer’s similarly situated executives; 
 (b) a material diminution in Executive’s
authority, duties, or responsibilities, including a material diminution due to the Employer’s engagement of an outside management firm to provide management services for the Employer, or removal of Executive from service as Chairman of the
Supervisory Board (except if such removal occurs due to (i) Executive’s resignation from the Supervisory Board or (ii) removal by the Supervisory Board for Cause); 

(c) a requirement that Executive report to any corporate officer or other employee instead of reporting directly to the
Supervisory Board; 
 (d) the involuntary relocation of the geographic location of Executive’s principal place of
employment by more than 75 miles from the location of Executive’s principal place of employment as of the Effective Date; or 

(e) any material breach by the Employer or its affiliate of its obligations under this Agreement. 

Notwithstanding the foregoing provisions of this Section 1.7 or any other provision in this Agreement to the contrary, any assertion by Executive of a
termination of employment for “Good Reason” shall not be effective unless all of the following conditions are satisfied: (i) the condition described in the foregoing clauses of this Section 1.7 giving rise to
Executive’s termination of employment must have arisen without Executive’s consent; (ii) Executive must provide written notice to the Employer of such condition in accordance with Section 10.1 within 45 days of the initial
existence of the condition; (iii) the condition specified in such notice must remain uncorrected for 30 days after receipt of such notice by the Employer; and (iv) the date of Executive’s termination of employment must occur within 90
days after the initial existence of the condition specified in such notice. 
 1.8 “Management Board” shall
mean the board of managing directors of FINV, or to the extent there is no such managing board, references to “Management Board” used in this Agreement shall refer to the Board. 

1.9 “Notice of Termination” shall mean a written notice delivered to the other party indicating the specific
termination provision in this Agreement relied upon for termination of Executive’s employment and the intended Date of Termination and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination
of Executive’s employment under the provision so indicated. 

  
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 1.10 “Permitted Holder” shall mean (a) Executive, any other
members of the Mosing family that are the owners of Mosing Holdings, Inc. as of the Effective Date, any existing spouse of any of the foregoing individuals and/or their descendants by blood or adoption; (b) spouses or surviving spouses of the
individuals listed in clause (a) of this Section 1.10; (c) trusts for the benefit of one or more members of the individuals listed in clause (a) of this Section 1.10; (d) entities controlled by one or more of the
individuals listed in clause (a) of this Section 1.10; and (e) foundations established by one or more of the individuals listed in clause (a) of this Section 1.10. 

1.11 “Release Expiration Date” means the date that is 21 days following the date upon which the Company timely
delivers to Executive the Release contained in Appendix A (which shall occur no later than seven days after the Date of Termination) or, in the event that such termination of employment is “in connection with an exit incentive or other
employment termination program” (as such phrase is defined in the Age Discrimination in Employment Act of 1967, as amended), the date that is 45 days following such delivery date. 

1.12 “Retirement” means Executive’s voluntary termination of employment due to his decision to retire at
any time following the attainment of age 65. 
 1.13 “Section 409A Payment Date” shall mean the earlier of
(a) the date of Executive’s death or (b) the date that is six months after the Date of Termination of Executive’s employment with the Employer. 

1.14 “Supervisory Board” shall mean the board of supervisory directors of FINV, or to the extent there is no
such supervisory board, references to “Supervisory Board” used in this Agreement shall refer to the Board. 
 ARTICLE II

 EMPLOYMENT AND DUTIES 

2.1 Employment; Effective Date. The Employer agrees to continue to employ Executive, and Executive agrees to continue to be
employed by the Employer, pursuant to the terms of this Agreement, beginning as of the Effective Date and continuing for the period of time set forth in Article III of this Agreement, subject to the terms and conditions of this Agreement. 

2.2 Positions. From and after the Effective Date, the Employer shall employ Executive in the position of (a) Chief
Executive Officer and President of FINV, (b) Chairman, President and Chief Executive Officer of the Employer, and (c) in such other position or positions as the Employer or Supervisory Board may designate or appoint from time to time.
Executive shall report to the Supervisory Board or any designated committee thereof. FINV shall use its best efforts to cause Executive to continue to be elected as Chairman of the Supervisory Board, Director, such membership and service as Chairman
of the Supervisory Board, Director, to continue for so long as Executive holds the offices of Chief Executive Officer and President of FINV. 

  
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 2.3 Duties and Services. Executive agrees to serve in the position(s) referred to
in Section 2.2 and to perform diligently and to the best of Executive’s abilities the duties and services appertaining to such position(s), as well as such additional duties and services appropriate to such position(s) which the parties
mutually may agree upon from time to time. Executive’s employment shall also be subject to the policies maintained and established by the Employer that are of general applicability to the Employer’s executives, as such policies may be
amended from time to time. 
 2.4 Other Interests. Executive agrees, during the period of Executive’s employment by the
Employer, to devote Executive’s full business time and best efforts to the business and affairs of the Employer, FINV, and any subsidiary or affiliate of either entity. Notwithstanding the foregoing, the parties acknowledge and agree that
Executive may (a) engage in and manage Executive’s passive personal investments and (b) engage in charitable and civic activities; provided, however, that such activities shall be permitted so long as such activities do not conflict
with the business and affairs of the Employer or interfere with Executive’s performance of Executive’s duties hereunder. 
 2.5
Duty of Loyalty. Executive acknowledges and agrees that Executive owes a fiduciary duty of loyalty, fidelity, and allegiance to act in the best interests of the Employer and to do no act that would materially injure the business,
interests, or reputation of the Employer or any of its affiliates. In keeping with these duties, Executive shall make full disclosure to the Employer of all business opportunities pertaining to the Employer’s business and shall not appropriate
for Executive’s own benefit business opportunities concerning the subject matter of the fiduciary relationship. 
 ARTICLE III

 TERM AND TERMINATION OF EMPLOYMENT  

3.1 Term. Unless sooner terminated pursuant to other provisions hereof, the Employer agrees to employ Executive hereunder for
the period beginning on the Effective Date and ending on the third anniversary of the Effective Date (the “Initial Expiration Date”); provided, however, that beginning on the Initial Expiration Date, and on each anniversary
of the Initial Expiration Date thereafter, if Executive’s employment under this Agreement has not been terminated pursuant to Section 3.2 or 3.3, then said term of employment shall automatically be extended for an additional one-year
period unless on or before the date that is 60 days prior to the first day of any such extension period, either party shall give written notice to the other that no such automatic extension shall occur, in which case the term of employment shall
terminate on the Initial Expiration Date or the anniversary of the Initial Expiration Date immediately following the giving of such notice, as applicable. 

3.2 Employer’s Right to Terminate. Notwithstanding the provisions of Section 3.1, the Employer may terminate
Executive’s employment under this Agreement at any time for any of the following reasons by providing Executive with a Notice of Termination: 

(a) upon Executive being unable to perform Executive’s duties or fulfill Executive’s obligations under this Agreement
by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected 

  
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to last for a continuous period of not less than three months as determined by the Employer and certified in writing by a competent medical physician selected by the Employer
(“Disability”); or 
 (b) Executive’s death; or 

(c) for Cause; or 

(d) for any other reason whatsoever or for no reason at all, in the sole discretion of the Employer. 

3.3 Executive’s Right to Terminate. Notwithstanding the provisions of Section 3.1, Executive shall have the right to
terminate Executive’s employment under this Agreement for Good Reason or for any other reason whatsoever or for no reason at all, in the sole discretion of Executive, by providing the Employer with a Notice of Termination. In the case of a
termination of employment by Executive pursuant to this Section 3.3, the Date of Termination specified in the Notice of Termination shall not be less than 15 nor more than 60 days, respectively, from the date such Notice of Termination is
given, and the Employer may require a Date of Termination earlier than that specified in the Notice of Termination (and, if such earlier Date of Termination is so required, it shall not change the basis for Executive’s termination nor be
construed or interpreted as a termination of employment pursuant to Section 3.1 or Section 3.2). 
 3.4 Deemed
Resignations. Unless otherwise agreed to in writing by the Employer and Executive prior to the termination of Executive’s employment, any termination of Executive’s employment shall constitute (a) an automatic resignation of
Executive as an officer of the Employer and each affiliate of the Employer, (b) an automatic resignation of Executive from the Supervisory Board and the Management Board (if applicable) and from the board of directors of any affiliate of the
Employer, and from the board of directors or similar governing body of any corporation, limited liability entity, or other entity in which the Employer or any affiliate holds an equity interest and with respect to which board or similar governing
body Executive serves as the Employer’s or such affiliate’s designee or other representative, and (c) an automatic revocation of any power of attorney granted to Executive for the benefit of Employer, FINV, or any of their respective
affiliates. 
 3.5 Meaning of Termination of Employment. For all purposes of this Agreement, Executive shall be considered to
have terminated employment with the Employer when Executive incurs a “separation from service” with the Employer within the meaning of section 409A(a)(2)(A)(i) of the Code and applicable administrative guidance issued thereunder. 

ARTICLE IV 

COMPENSATION AND BENEFITS 

4.1 Base Salary. During the term of this Agreement, Executive shall receive a minimum, annualized base salary of $850,000 (the
“Base Salary”). Executive’s annualized base salary shall be reviewed periodically by the Supervisory Board (or a committee thereof) and, in the sole discretion of the Supervisory Board (or a committee thereof), such
annualized base salary may be increased (but not decreased) effective as of any date determined by the Supervisory Board (or a committee thereof); provided, however, that the Supervisory Board or 

  
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the Employer may decrease Executive’s Base Salary at any time and from time to time so long as such decreases do not exceed 10% of Executive’s then Base Salary as in effect immediately
prior to such decrease, and such decreases are part of similar reductions applicable to all of the Employer’s similarly situated executives. Executive’s Base Salary shall be paid in equal installments in accordance with the Employer’s
standard policy regarding payment of compensation to executives but no less frequently than monthly. 
 4.2 Bonuses. Executive
shall be eligible to participate in the Employer’s annual incentive program, which shall be administered pursuant to the Employer’s or its affiliate’s long-term incentive plan(s) or such other incentive plans, programs, contracts, or
other arrangements as may from time to time be made available for executive officers of the Employer, and which shall provide Executive with an opportunity to receive an annual, calendar-year bonus (payable in a single lump sum) based on criteria
determined in the discretion of the Supervisory Board or a committee thereof (the “Annual Bonus”), it being understood that the actual amount of each Annual Bonus shall be determined in the discretion of the Supervisory Board
or a committee thereof. The Employer shall pay each Annual Bonus with respect to a calendar year on or before March 15 of the following calendar year. For the avoidance of doubt, notwithstanding the Effective Date of this Agreement, the Annual
Bonus provided in this Section 4.2 shall apply to the entire 2014 calendar year, and the bonus award contemplated in the Prior Employment Agreement shall not apply to calendar year 2014. 

4.3 Long-Term Incentive Compensation. During Executive’s employment hereunder, Executive may, as determined by the
Supervisory Board (or a designated committee thereof) in its sole discretion, periodically receive grants of stock options or other equity or non-equity related awards pursuant to the Employer’s or its affiliate’s long-term incentive
plan(s), subject to the terms and conditions thereof. Any grants previously awarded to Executive pursuant to the Employer’s long-term incentive plan(s) that are outstanding on the Effective Date hereof shall continue to be governed by the terms
and conditions of such plan(s). 
 4.4 Other Benefits. During Executive’s employment hereunder, Executive shall be
allowed to participate in all benefit plans and programs of the Employer, including improvements or modifications of the same, which are now, or may hereafter be, available to other senior executives of the Employer. The Employer shall not, however,
by reason of this Section 4.4, be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any such benefit plan or program, so long as such changes are similarly applicable to other senior executives generally. To
the extent permitted by applicable law and the terms of the benefit plans without causing the Employer to be required to extend similar treatment to any other employees or service providers, Employer shall include in Executive’s credited
service, in any case where credited service is relevant in determining eligibility for or benefits under any employee benefits plan, Executive’s service for any parent, subsidiary or affiliate of Employer or for any predecessor thereof, and
time served at prior employers. Executive shall be entitled to indemnification by the Employer in respect of any actions or omissions as an employee, officer or director of the Employer or any of the Employer’s affiliates (or any successor
thereto) to the fullest extent permitted by law. Employer shall obtain directors and officers (D&O) insurance in a reasonable amount determined by the Supervisory Board and shall maintain such insurance during the term of Executive’s
employment hereunder. 

  
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 4.5 Expenses. 

(a) Business Expenses. Employer shall reimburse Executive for all reasonable business expenses incurred by Executive in
performing services hereunder, including all reasonable expenses of travel and living expenses while away from home on business or at the request of and in the service of the Employer. 

(b) Payment. The expenses described in this Section 4.5 shall only be subject to reimbursement if they are incurred
and accounted for in accordance with the policies and procedures established by the Employer. Any such reimbursement of expenses shall be made by the Employer upon or as soon as practicable following receipt of supporting documentation reasonably
satisfactory to the Employer (but in any event not later than the close of Executive’s taxable year following the taxable year in which the expense is incurred by Executive); provided, however, that, upon Executive’s termination of
employment with the Employer, in no event shall any additional reimbursement be made prior to the Section 409A Payment Date to the extent such payment delay is required under section 409A(a)(2)(B)(i) of the Code. In no event shall any
reimbursement be made to Executive for such expenses after the later of (i) the first anniversary of the date of Executive’s death or (ii) the date that is five years after the date of Executive’s termination of employment with
the Employer (other than by reason of Executive’s death). For the sake of clarity, all qualifying expense reimbursements described in this Section 4.5 shall be made by the Employer within the time periods prescribed above, and no
reimbursement timing limitation included in this Section 4.5 shall operate to excuse the Employer from making any reimbursement due under this Section 4.5. 

4.6 Life Insurance. During Executive’s employment hereunder, the Employer shall maintain one or more policies of life
insurance on the life of Executive providing an aggregate death benefit in an amount not less than $1,000,000, but this obligation shall not apply if Executive is not insurable at standard rates as of the Effective Date, as determined by the
Employer in good faith. Executive shall have the right to designate the beneficiary or beneficiaries of the death benefit payable pursuant to such policy or policies. The provisions of this Section 4.6 can be satisfied in whole or in part by
any group life insurance policy provided by the Employer in accordance with Section 4.4 hereof. Executive shall (a) furnish any and all information reasonably requested by the Employer or the insurer to facilitate the issuance of the life
insurance policy or policies described in this Section 4.6 or any adjustment to any such policy, and (b) take such physical examinations as the Employer or the insurer deems necessary. If Executive refuses to cooperate or makes any
material misstatement of information or nondisclosure of medical history, then the Employer shall have no further obligation to provide the benefit described in this Section 4.6. If Executive terminates employment prior to the expiration of the
term of such policy, the policy shall lapse unless Executive continues to maintain the policy at his own expense. 
 4.7 Vacation and
Sick Leave. During Executive’s employment hereunder, Executive shall be entitled to (a) sick leave in accordance with the Employer’s policies applicable to its senior executives as may exist from time to time and (b) up
to fifteen (15) days paid vacation each calendar year or the maximum number of days Executive is entitled to under the terms of the Employer’s vacation policy, whichever is greater, and which such vacation shall

  
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accrue and be taken in accordance with the Employer’s vacation policies in effect from time to time. Executive’s right to carry over unused vacation from one calendar year to the next
shall be determined by the Employer’s vacation policy. 
 4.8 Offices. Subject to Articles II, III, and IV hereof,
Executive agrees to serve without additional compensation, if elected or appointed thereto, as a director of the Employer or any of the Employer’s affiliates and as a member of any committees of the board of directors of any such entities, in
one or more executive positions of any of the Employer’s affiliates, and pursuant to a power of attorney for the benefit of Employer, FINV, or any of their respective affiliates. 

ARTICLE V 
 EFFECT OF
TERMINATION OF EMPLOYMENT ON COMPENSATION 
 5.1 For Cause, Death, Disability, or Without Good Reason. If
Executive’s employment hereunder shall terminate prior to the expiration of the term provided in Section 3.1 for any reason described in Section 3.2(a), 3.2(b), or 3.2(c) or pursuant to Executive’s resignation for other than Good
Reason, then all compensation and all benefits to Executive hereunder shall terminate contemporaneously with such termination of employment, except that Executive shall be entitled to (a) payment of all accrued and unpaid Base Salary to the
Date of Termination, (b) reimbursement for all incurred but unreimbursed expenses for which Executive is entitled to reimbursement in accordance with Section 4.5, and (c) benefits to which Executive is entitled under the terms of any
applicable benefit plan or program of the Employer or its affiliate (such amounts set forth in (a), (b), and (c) shall be collectively referred to herein as the “Accrued Rights”). 

5.2 Without Cause or for Good Reason. If Executive’s employment hereunder shall terminate (whether prior to, commensurate
with, or following a Change in Control, or otherwise) pursuant to Executive’s resignation for Good Reason or by action of the Employer pursuant to Section 3.1 or 3.2 for any reason other than those encompassed by Section 3.2(a),
3.2(b), or 3.2(c), then all compensation and all benefits to Executive hereunder shall terminate contemporaneously with such termination of employment, except that (i) Executive shall be entitled to receive the Accrued Rights, and (ii) if,
on the Date of Termination, the Employer does not have a right to terminate Executive’s employment under Section 3.2(a), 3.2(b), or 3.2(c) and subject to Executive’s delivery, by the Release Expiration Date, and non-revocation of an
executed release acceptable to the Employer, which shall be substantially in the form of the release contained at Appendix A (the “Release”), Executive shall receive the following additional compensation and benefits from the
Employer (but no other additional compensation or benefits after such termination): 
 (a) Unpaid Prior Year Annual
Bonus: The Employer shall pay to Executive any earned but unpaid Annual Bonus for the calendar year ending prior to the Date of Termination, which amount shall be payable in a lump-sum on or before the date such annual bonuses are paid to
executives who have continued employment with the Employer (but in no event earlier than 60 days following the Date of Termination); 

  
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 (b) Prorated Current Year Annual Bonus: The Employer shall pay to
Executive a bonus for the calendar year in which the Date of Termination occurs in an amount equal to the Annual Bonus for such year as determined in good faith by the Supervisory Board in accordance with the criteria established pursuant to
Section 4.2 and based on the Employer’s performance for such year, which amount shall be prorated through and including the Date of Termination (based on the ratio of the number of days Executive was employed by the Employer during such
year to the number of days in such year), payable in a lump-sum on or before the date such annual bonuses are paid to executives who have continued employment with the Employer (but in no event earlier than 60 days after the Date of Termination nor
later than the March 15 next following such calendar year); provided, however, that if this paragraph applies with respect to an Annual Bonus that is intended to constitute performance-based compensation within the meaning of, and for purposes
of, section 162(m) of the Code, then this paragraph shall apply with respect to such Annual Bonus only to the extent the applicable performance criteria have been satisfied as certified by a committee of the Supervisory Board as required under
section 162(m) of the Code; 
 (c) Severance Payment: The Employer shall pay to Executive an amount equal to two
(2) times the sum of Executive’s Base Salary as of the Date of Termination and the Average Annual Bonus, which amount shall be paid in a lump sum payment on the date that is 60 days after the Date of Termination; and 

(d) Post-Employment Health Coverage: During the portion, if any, of the 18-month period following the Date of
Termination that Executive elects to continue coverage for Executive and Executive’s spouse and eligible dependents, if any, under the Employer’s group health plans under the Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended (COBRA), and/or sections 601 through 608 of the Employee Retirement Income Security Act of 1974, as amended, the Employer shall promptly reimburse Executive on a monthly basis for the difference between the amount Executive pays to effect
and continue such coverage and the employee contribution amount that active senior executive employees of the Employer pay for the same or similar coverage under such group health plans. 

Notwithstanding the time of payment provisions of Section 5.2 above, if Executive’s Date of Termination occurs on or before December 31, 2014,
then (x) payment of the amount described in Section 5.2(c), to the extent it does not exceed the amount of the cash payments that would have been payable to Executive under Section 8(c)(i) or 8(d), as applicable, of the Prior
Employment Agreement, shall be paid in accordance with the schedule provided under Section 8(c)(i) or Section 8(d), as applicable, of the Prior Employment Agreement, and (y) payment of the amount described in Section 5.2(c)
hereof, to the extent it exceeds the amount of the cash payments that would have been made under Section 8(c)(i) or Section 8(d), as applicable, of the Prior Employment Agreement shall be made as provided in Section 5.2(c) hereof.
Further notwithstanding any of the time of payment provisions this Section 5.2, if Executive is a specified employee (as such term is defined in section 409A of the Code and as determined by the Employer in accordance with any method permitted
under section 409A of the Code) and the payment of any amount or the provision of any benefit described in such Section 5.2 would be subject to additional taxes and interest under section 409A of the Code because the timing of

  
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such payment or benefit is not delayed as provided in section 409A(a)(2)(B)(i) of the Code and the regulations thereunder, then such amount or benefit shall be accumulated and provided within
five business days after the Section 409A Payment Date.  
 5.3 Retirement. 

(a) Payments and Benefits. If Executive’s employment hereunder shall terminate due to Executive’s Retirement,
then all compensation and all benefits to Executive hereunder shall terminate contemporaneously with such termination of employment, except that (i) Executive shall be entitled to receive the Accrued Rights, and (ii) if, on the Date of
Termination, the Employer does not have a right to terminate Executive’s employment under Section 3.2(a), 3.2(b), or 3.2(c) and subject to Executive’s delivery, by the Release Expiration Date, and non-revocation of the Release,
Executive shall receive the following additional compensation and benefits from the Employer (but no other additional compensation or benefits after such termination): 

(i) Joint and Survivor Annuity. Executive shall be entitled to receive a supplemental retirement benefit (the
“Supplemental Retirement Benefit”) commencing on the date that is 60 days following Executive’s Retirement and continuing annually on the anniversary of such date for the remainder of Executive’s and
Executive’s spouse’s life. The Supplemental Retirement Benefit shall be paid in the form of a joint and 75% survivor annuity that provides for payment of $850,000 annually during the life of Executive and a survivor benefit equal to
$637,500 annually following the death of Executive for the remainder of Executive’s spouse’s life. 
 (ii)
Post-Employment Health Coverage. The Employer, at its cost, shall provide or arrange to provide Executive and Executive’s spouse health insurance benefits (which, for the avoidance of doubt, includes health insurance benefits for
any eligible children that qualify for dependent coverage as dependents of Executive and/or Executive’s spouse during the period of time in which Executive and/or Executive’s spouse receive such benefits pursuant to this
Section 5.3(a)(ii)) substantially similar to those which Executive and Executive’s spouse were receiving immediately prior to Executive’s Retirement (if any); however, the health insurance benefits otherwise receivable by Executive or
Executive’s spouse pursuant to this Section 5.3(a)(ii) shall be reduced to the extent comparable health insurance benefits are actually received by Executive (and/or Executive’s spouse) during such period under any other
employer’s health insurance plan(s) or program(s), with Executive being obligated to promptly disclose to the Employer any such comparable health insurance benefits. Executive and Executive’s spouse shall be entitled to receive the
foregoing health insurance benefits for the remainder of their lives. The foregoing health insurance benefits shall be provided through an arrangement that satisfies the requirements of Sections 105 and 106 of the Code such that the benefits under
such arrangement are not includible in Executive’s income. The Employer may satisfy the requirement of the preceding sentence by providing such benefits through an arrangement that requires the Employer to impute income to Executive.

  
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Notwithstanding the foregoing, if the provision of the benefits described in this Section 5.3(a)(ii) cannot be provided in the manner described above without penalty, tax or other adverse
impact on the Employer, then the Employer and Executive shall negotiate in good faith to determine an alternative manner in which the Employer may provide a substantially equivalent benefit to Executive without such adverse impact on the Employer.

 (b) Service following Retirement. Following Executive’s Retirement, Executive agrees to serve on the Board or
as a consultant to the Employer upon the Employer’s request. The terms, conditions and compensation payable in connection with an arrangement described in the preceding sentence shall be mutually agreed upon at the time the Employer requests
such services from Executive. 
 Notwithstanding anything to the contrary herein, Executive shall not be entitled to receive any payments or benefits
described in Section 5.3(a) following Executive’s Retirement until Executive incurs a “separation from service” with the Employer within the meaning of section 409A(a)(2)(A)(i) of the Code and applicable administrative guidance
issued thereunder. Further notwithstanding any of the time of payment provisions in Section 5.3(a), if Executive is a specified employee (as such term is defined in section 409A of the Code and as determined by the Employer in accordance with
any method permitted under section 409A of the Code) and the payment of any amount or the provision of any benefit described in Section 5.3(a) would be subject to additional taxes and interest under section 409A of the Code because the timing
of such payment or benefit is not delayed as provided in section 409A(a)(2)(B)(i) of the Code and the regulations thereunder, then such amount or benefit shall be accumulated and provided within five business days after the Section 409A Payment
Date.  
 5.4 No Duty to Mitigate. Executive shall not be under any duty or obligation to seek or accept other
employment following termination of his employment with the Employer. 
 ARTICLE VI 

PROTECTION OF INFORMATION  

6.1 Disclosure to and Property of the Employer. For purposes of this Article VI, the term “the Employer” shall include
the Employer and any of its affiliates, and any reference to “employment” or similar terms shall include a director and/or consulting relationship. All information, trade secrets, designs, ideas, concepts, improvements, product
developments, discoveries, and inventions, whether patentable or not, that are conceived, made, developed, disclosed to, or acquired by Executive (whether before the Effective Date or after), individually or in conjunction with others, during the
period of Executive’s employment by the Employer (whether during business hours or otherwise and whether on the Employer’s premises or otherwise) that relate to the Employer’s or any of its affiliates’ businesses, trade secrets,
products, or services (including, without limitation, all such information relating to corporate opportunities, strategies, business plans, product specifications, compositions, manufacturing and distribution methods and processes, research,
financial and sales data, pricing terms, evaluations, opinions, interpretations, acquisition prospects, the identity of customers or their requirements, the identity of key contacts within the customer’s organizations or within the organization
of acquisition prospects, or production, marketing, and merchandising techniques, prospective 

  
 12 

 
names and marks), and all writings or materials of any type embodying any of such information, ideas, concepts, improvements, discoveries, inventions, and other similar forms of expression
(collectively, “Confidential Information”) shall be disclosed to the Employer and are and shall be the sole and exclusive property of the Employer or its affiliates, as applicable. Moreover, all documents, videotapes, written
presentations, brochures, drawings, memoranda, notes, records, files, correspondence, manuals, models, specifications, computer programs, E-mail, voice mail, electronic databases, maps, drawings, architectural
renditions, models, and all other writings or materials of any type embodying any of such information, ideas, concepts, improvements, discoveries, inventions, and other similar forms of expression (collectively, “Work
Product”) are and shall be the sole and exclusive property of the Employer (or its affiliates). Executive agrees to perform all actions reasonably requested by the Employer or its affiliates to establish and confirm such exclusive
ownership. Upon termination of Executive’s employment with the Employer, for any reason, Executive promptly shall deliver such Confidential Information and Work Product, and all copies thereof, to the Employer. Notwithstanding the foregoing,
“Confidential Information” does not include any information that: (a) was known to the public prior to its disclosure to Executive, (b) becomes known to the public subsequent to disclosure to Executive through no wrongful act of
Executive or any representative of Executive, or (c) Executive is required to disclose by applicable law, regulation, or legal process (provided that Executive provides the Employer with prior notice of the anticipated disclosure and reasonably
cooperates with the Employer at the Employer’s expense in seeking a protective order or other appropriate protection of such information). 

6.2 Disclosure to Executive. The Employer has and will disclose to Executive and place Executive in a position to have access to
or develop Confidential Information and Work Product of the Employer (or its affiliates); and/or has and will entrust Executive with business opportunities of the Employer (or its affiliates); and has and will place Executive in a position to
develop business good will on behalf of the Employer (or its affiliates). 
 6.3 No Unauthorized Use or Disclosure. Executive
agrees to preserve and protect the confidentiality of all Confidential Information and Work Product. Executive agrees that Executive will not, at any time during or after Executive’s employment with the Employer, make any unauthorized
disclosure of, and Executive shall not remove from the Employer premises, Confidential Information or Work Product, or make any use thereof, except, in each case, in the carrying out of Executive’s responsibilities hereunder. Executive shall
use all reasonable efforts to cause all persons or entities to whom any Confidential Information shall be disclosed by Executive hereunder to preserve and protect the confidentiality of such Confidential Information. At the request of the Employer
at any time, Executive agrees to deliver to the Employer all Confidential Information that Executive may possess or control. Executive agrees that all Confidential Information of the Employer (whether now or hereafter existing) conceived,
discovered, or made by Executive during the period of Executive’s employment by the Employer exclusively belongs to the Employer (and not to Executive), and upon request by the Employer for specified Confidential Information, Executive will
promptly disclose such Confidential Information to the Employer and perform all actions reasonably requested by the Employer to establish and confirm such exclusive ownership. Affiliates of the Employer shall be third party beneficiaries of
Executive’s obligations under this Article VI. As a result of Executive’s employment by the Employer, Executive may also from time to time have access to, or knowledge of, confidential information or work product of third parties, such as
customers, 

  
 13 

 
suppliers, partners, joint venturers, and the like, of the Employer and its affiliates. Executive also agrees to preserve and protect the confidentiality of such third party confidential
information and work product. 
 6.4 Ownership by the Employer. If, during Executive’s employment by the Employer,
Executive creates or has created any work of authorship fixed in any tangible medium of expression that is the subject matter of copyright (such as videotapes, written presentations, or acquisitions, computer programs,
E-mail, voice mail, electronic databases, drawings, maps, architectural renditions, models, manuals, brochures, or the like) relating to the Employer’s business, products, or services, whether such work
is created solely by Executive or jointly with others (whether during business hours or otherwise and whether on the Employer’s premises or otherwise), including any Work Product, the Employer shall be deemed the author of such work if the work
is prepared by Executive in the scope of Executive’s employment; or, if the work relating to the Employer’s business, products, or services is not prepared by Executive within the scope of Executive’s employment but is specially
ordered by the Employer as a contribution to a collective work, as a part of any audiovisual work, as a translation, as a supplementary work, as a compilation, or as an instructional text, then the work shall be considered to be work made for hire
and the Employer shall be the author of the work. If the work relating to the Employer’s business, products, or services is neither prepared by Executive within the scope of Executive’s employment nor a work specially ordered that is
deemed to be a work made for hire during Executive’s employment by the Employer, then Executive hereby agrees to assign, and by these presents does assign, to the Employer all of Executive’s worldwide right, title, and interest in and to
such work and all rights of copyright therein. 
 6.5 Assistance by Executive. During the period of Executive’s
employment by the Employer, Executive shall assist the Employer and its nominee, at any time, in the protection of the Employer’s or its affiliates’ worldwide right, title, and interest in and to Confidential Information and Work Product,
and the execution of all formal assignment documents requested by the Employer or its nominee(s), and the execution of all lawful oaths and applications for patents and registration of copyright in the United States and foreign countries. After
Executive’s employment with the Employer terminates, at the request from time to time and expense of the Employer or its affiliates, Executive shall assist the Employer or its nominee(s) in the protection of the Employer’s or its
affiliates’ worldwide right, title, and interest in and to Confidential Information and Work Product, and the execution of all formal assignment documents requested by the Employer or its nominee, and the execution of all lawful oaths and
applications for patents and registration of copyright in the United States and foreign countries. 
 6.6 Remedies. Executive
acknowledges that money damages would not be a sufficient remedy for any breach of this Article VI by Executive, and the Employer or its affiliates shall be entitled to enforce the provisions of this Article VI by terminating payments then owing to
Executive under this Agreement or otherwise and to specific performance and injunctive relief as remedies for such breach or any threatened breach. Such remedies shall not be deemed the exclusive remedies for a breach of this Article VI but shall be
in addition to all remedies available at law or in equity, including the recovery of damages from Executive and Executive’s agents. However, if it is determined by the Supervisory Board acting in good faith, or by an arbitrator or court as
contemplated by Section 10.2 that Executive has not committed a breach of this Article VI, then the Employer shall resume the payments and benefits due under this Agreement and pay to Executive all payments and benefits that had been suspended
pending such determination. 

  
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 ARTICLE VII 

STATEMENTS CONCERNING THE EMPLOYER AND EXECUTIVE  

7.1 Statements Concerning the Employer. Executive shall refrain, both during and after the termination of the employment
relationship, from publishing any oral or written statements about the Employer, any of its affiliates, or any of the Employer’s or such affiliates’ directors, officers, employees, consultants, agents, representatives, customers, or
suppliers that (a) are disparaging, slanderous, libelous, or defamatory, (b) disclose Confidential Information, or (c) place the Employer, any of its affiliates, or any of the Employer’s or any such affiliates’ directors,
officers, employees, consultants, agents, or representatives in a false light before the public. 
 7.2 Statements Concerning
Executive. Following Executive’s termination of employment with the Employer, the Employer’s executive officers, the members of the Supervisory and Management Board, and the Employer’s human resources representatives shall
refrain from publishing any oral or written statements about Executive that (a) are disparaging, slanderous, libelous, or defamatory or (b) place Executive in a false light before the public. 

7.3 Enforcement Rights. A violation or threatened violation of this Article VII by either party may be enjoined by the courts.
The rights afforded the Employer, its affiliates, and Executive under this provision are in addition to any and all rights and remedies otherwise afforded by law. 

ARTICLE VIII 

NON-COMPETITION AGREEMENT  

8.1 Definitions. As used in this Article VIII, the following terms shall have the following meanings: 

“Business” means (a) during the period of Executive’s employment by the Employer, the business of developing
and/or providing the products and services developed and/or provided by the Employer and its affiliates, and other products and services that are functionally equivalent to the foregoing, and (b) during the portion of the Prohibited Period that
begins on the termination of Executive’s employment with the Employer and its affiliates (as applicable), the business of developing and/or providing the products and services developed and/or provided by the Employer and its affiliates at the
time of such termination of employment and other products and services that are functionally equivalent to the foregoing; provided, however, that if Executive’s termination of employment occurs within 60 days following the occurrence of a
Change in Control, “Business” shall mean the business described in clauses (a) and (b) of this Section 8.1 as in existence immediately prior to the Change in Control. 

“Competing Business” means any business, individual, partnership, firm, corporation, or other entity which engages in
the Business in the Restricted Area. In no event will the Employer or any of its affiliates be deemed a Competing Business. 

  
 15 

 “Governmental Authority” means any governmental, quasi-governmental,
state, county, city, or other political subdivision of the United States or any other country, or any agency, court or instrumentality, foreign or domestic, or statutory or regulatory body thereof. 

“Legal Requirement” means any law, statute, code, ordinance, order, rule, regulation, judgment, decree, injunction,
franchise, permit, certificate, license, authorization, or other directional requirement (including, without limitation, any of the foregoing that relates to environmental standards or controls, energy regulations, and occupational, safety, and
health standards or controls, including those arising under environmental laws) of any Governmental Authority. 

“Prohibited Period” means the period during which Executive is employed by the Employer or any of its
affiliates and a period of two years following the date that Executive is no longer employed by the Employer or any of its affiliates; provided, however, that in the event that Executive’s termination of employment under this Agreement occurs
pursuant to Executive’s resignation under Section 3.3 of this Agreement for a reason other than Good Reason, then the Prohibited Period shall mean the period during which Executive is employed by the Employer or any of its affiliates and a
period of one year following the date that Executive is no longer employed by the Employer or any of its affiliates. 

“Restricted Area” means: Lafayette Parish, Louisiana; Harris County, Texas; Montgomery County, Texas; and Fort Bend
County, Texas; and any other geographical area within 100 miles of any location in which the Employer engages in the Business as of the Date of Termination. 

8.2 Non-Competition; Non-Solicitation. Executive and the Employer agree to the non-competition and non-solicitation provisions
of this Article VIII in consideration for the Confidential Information provided by the Employer to Executive pursuant to Article VI of this Agreement, to further protect the trade secrets and Confidential Information disclosed or entrusted to
Executive or created or developed by Executive for the Employer, to protect the business goodwill of the Employer developed through the efforts of Executive and the business opportunities disclosed or entrusted to Executive and the other legitimate
business interests of the Employer, and as an express incentive for the Employer to enter into this Agreement. 
 (a) Subject
to the exceptions set forth in Section 8.2(b) below, Executive expressly covenants and agrees that during the Prohibited Period, Executive will refrain from carrying on or engaging in, directly or indirectly, any Business in competition with
the Employer or its affiliates in the Restricted Area. Accordingly, Executive will not, directly or indirectly, own, manage, operate, join, become an employee of, partner in, owner, or member of (or an independent contractor to), control or
participate in, be connected with or loan money to, sell or lease equipment or property to, or otherwise be affiliated with any Competing Business in the Restricted Area. 

(b) Notwithstanding the restrictions contained in Section 8.2(a), Executive or any of Executive’s affiliates may own
an aggregate of not more than 2% of the outstanding stock of any class of any corporation that is a Competing Business, if such stock is listed on a national securities exchange or regularly traded in the
over-the-

  
 16 

 
counter market by a member of a national securities exchange, without violating the provisions of Section 8.2(a), provided that neither Executive nor any of Executive’s affiliates has
the power, directly or indirectly, to control or direct the management or affairs of any such corporation and is not involved in the management of such corporation. 

(c) Executive further expressly covenants and agrees that during the Prohibited Period, Executive will not, and Executive will
cause Executive’s affiliates not to (i) engage or employ, or solicit or contact with a view to the engagement or employment of, any person who is an officer or employee of the Employer or any of its affiliates, or (ii) canvass,
solicit, approach, or entice away, or cause to be canvassed, solicited, approached, or enticed away, from the Employer or any of its affiliates any person who or which is a customer of any of such entities during the period during which Executive is
employed by the Employer. Notwithstanding the foregoing, the restrictions of clause (c) of this Section 8.2(c) shall not apply with respect to an officer, employee, or customer who responds to a general solicitation that is not
specifically directed at such officer, employee, or customer of the Employer or any of its affiliates. 
 (d) Before
accepting employment with any other person or entity during the Prohibited Period, Executive will inform such person or entity of the restrictions contained in this Article VIII. 

8.3 Relief. Executive and the Employer agree and acknowledge that the limitations as to time, geographical area, and scope of
activity to be restrained as set forth in Section 8.2 are reasonable and do not impose any greater restraint than is necessary to protect the legitimate business interests of the Employer. Executive and the Employer also acknowledge that money
damages would not be a sufficient remedy for any breach of this Article VIII by Executive, and the Employer or its affiliates shall be entitled to enforce the provisions of this Article VIII by terminating payments then owing to Executive under this
Agreement or otherwise and to specific performance and injunctive relief as remedies for such breach or any threatened breach. Such remedies shall not be deemed the exclusive remedies for a breach of this Article VIII but shall be in addition to all
remedies available at law or in equity, including the recovery of damages from Executive and Executive’s agents. 
 8.4
Reasonableness; Enforcement. Executive hereby represents that Executive has read and understands, and agrees to be bound by, the terms of this Article VIII. Executive acknowledges that the geographic scope and duration of the covenants
contained in this Article VIII are the result of arm’s-length bargaining and are fair and reasonable in light of (a) the nature and wide geographic scope of the Employer’s operations of the Business, (b) Executive’s level of
control over and contact with the Employer’s business in all jurisdictions in which it is conducted, which includes the entire Restricted Area, and (c) the amount of Confidential Information that Executive is receiving in connection with
the performance of Executive’s duties on behalf of the Employer and the amount of goodwill with which Executive is and/or will be connected and will help build on behalf of the Employer. It is the desire and intent of the parties that the
provisions of this Article VIII be enforced to the fullest extent permitted under applicable Legal Requirements, whether now or hereafter in effect; therefore, to the extent permitted by applicable Legal Requirements, Executive and the Employer
hereby waive any provision of applicable Legal Requirements that would render any provision of this Article VIII invalid or unenforceable. 

  
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 8.5 Reformation; Severability. The Employer and Executive agree that the foregoing
restrictions are reasonable under the circumstances and that any breach of the covenants contained in this Article VIII would cause irreparable injury to the Employer. Executive understands that the foregoing restrictions may limit Executive’s
ability to engage in certain businesses anywhere in the Restricted Area during the Prohibited Period, but acknowledges that Executive will receive sufficient consideration from the Employer to justify such restriction. Further, Executive
acknowledges that Executive’s skills are such that Executive can be gainfully employed in non-competitive employment and that the agreement not to compete will not prevent Executive from earning a living. Nevertheless, if any of the aforesaid
restrictions are found by a court of competent jurisdiction or arbitral authority to be unreasonable, or overly broad as to geographic area or time, or otherwise unenforceable, the parties intend for the restrictions herein set forth to be modified
by the court or arbitral authority making such determination so as to be reasonable and enforceable and, as so modified, to be fully enforced. If, due to applicable law, a court or arbitral authority is not permitted to modify a restriction within
this Article VIII that it deems overly broad, then the court or arbitral authority shall have the power to, and shall, sever such overly broad restriction (or any portion thereof) so that the restrictions after such severance are enforceable and
shall be fully enforced. By agreeing to this contractual modification prospectively at this time, the Employer and Executive intend to make this Article VIII enforceable under the law or laws of all applicable states and other jurisdictions so that
the entire agreement not to compete and this Agreement as prospectively modified shall remain in full force and effect and shall not be rendered void or illegal. Such modification shall not affect the payments made to Executive under this Agreement.

 ARTICLE IX 

CERTAIN EXCISE TAXES  

Notwithstanding anything to the contrary in this Agreement, if Executive is a “disqualified individual” (as defined in section
280G(c) of the Code), and the payments and benefits provided for in this Agreement, together with any other payments and benefits which Executive has the right to receive from the Employer or any of its affiliates, would constitute a “parachute
payment” (as defined in section 280G(b)(2) of the Code), then the payments and benefits provided for in this Agreement shall be either (a) reduced (but not below zero) so that the present value of such total amounts and benefits received
by Executive from the Employer and its affiliates will be one dollar ($1.00) less than three times Executive’s “base amount” (as defined in section 280G(b)(3) of the Code) and so that no portion of such amounts and benefits received
by Executive shall be subject to the excise tax imposed by section 4999 of the Code, or (b) paid in full, whichever produces the better net after-tax position to Executive (taking into account any applicable excise tax under section 4999 of the
Code and any other applicable taxes). The reduction of payments and benefits hereunder, if applicable, shall be made by reducing, first, payments or benefits to be paid in cash hereunder in the order in which such payment or benefit would be paid or
provided (beginning with such payment or benefit that would be made last in time and continuing, to the extent necessary, through to such payment or benefit that would be made first in time) and, then, reducing any benefit to be provided in-kind
hereunder in a similar order. The determination as to whether any such reduction in the amount 

  
 18 

 
of the payments and benefits provided hereunder is necessary shall be made by the Employer in good faith. If a reduced payment or benefit is made or provided, and through error or otherwise, that
payment or benefit, when aggregated with other payments and benefits from the Employer (or its affiliates) used in determining if a “parachute payment” exists, exceeds one dollar ($1.00) less than three times Executive’s base amount,
then Executive shall immediately repay such excess to the Employer upon notification that an overpayment has been made. Nothing in this Article IX shall require the Employer to be responsible for, or have any liability or obligation with
respect to, Executive’s excise tax liabilities under section 4999 of the Code. 
 ARTICLE X 

MISCELLANEOUS  

10.1 Notices. For purposes of this Agreement, notices and all other communications provided for herein shall be in writing and
shall be deemed to have been duly given (a) when received if delivered personally or by courier, (b) on the date receipt is acknowledged if delivered by certified mail, postage prepaid, return receipt requested, or (c) one day after
transmission if sent by facsimile transmission with confirmation of transmission, as follows: 
  

					
	If to Executive, addressed to:	    	Donald Keith Mosing
		    	10260 Westheimer, Suite 700
		    	Houston, TX 77042, or the last known residential address reflected in Employer’s records
			
		    	Facsimile:	 	(281) 558-2980
		    		 	(ATTN: D. Keith Mosing)
		    	E-mail:	 	per company files
		
	If to the Employer, addressed to:	    	Frank’s International, LLC
		    	10260 Westheimer, Suite 700
		    	Houston, TX 77042
		    	Attention: General Counsel
			
		    	Facsimile:	 	(281) 558-2980
		    		 	(ATTN: General Counsel)
		    	E-mail:	 	 brian.baird@franksintl.com
 or the then general
counsel’s email address

 or to such other address as either party may furnish to the other in writing in accordance herewith, except that notices or
changes of address shall be effective only upon receipt. 
 10.2 Applicable Law; Arbitration. 

(a) This Agreement is entered into under, and shall be governed for all purposes by, the laws of the State of Texas, without
regard to conflicts of laws principles thereof. 

  
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 (b) Subject to Section 10.2(d) below, any dispute, controversy or claim
between Executive and the Employer arising out of or relating to this Agreement or Executive’s employment with the Employer will be finally settled by arbitration in Houston, Texas before, and in accordance with the rules for the resolution of
employment disputes then in effect of, the American Arbitration Association (“AAA”). The costs, fees and expenses of arbitration (including, for the avoidance of doubt, any fees and expenses paid to the Arbitrator) attendant
to any such arbitration shall be borne by the Employer. The arbitration award shall be final and binding on both parties. Any arbitration conducted under this Section 10.2 shall be heard by a single arbitrator (the
“Arbitrator”) selected in accordance with the then-applicable rules of the AAA. The Arbitrator shall expeditiously hear and decide all matters concerning the dispute. The Arbitrator shall have the power to (i) gather
such materials, information, testimony and evidence as he or she deems relevant to the dispute before him or her (and each party will provide such materials, information, testimony and evidence requested by the Arbitrator, except to the extent any
information so requested is subject to an attorney-client or other privilege), and (ii) grant injunctive relief and enforce specific performance. In conjunction with the arbitration proceedings, the parties shall enter into a reasonable
protective order to protect the confidentiality of materials, information, testimony, and evidence that is proprietary, personal, or subject to a third-party confidentiality restriction. The decision of the Arbitrator shall be reasoned, rendered in
writing, final, non-appealable and binding upon the disputing parties and the parties agree that judgment upon the award may be entered by any court of competent jurisdiction; provided that the parties agree that the Arbitrator and any court
enforcing the award of the Arbitrator shall not have the right or authority to award punitive or exemplary damages to any disputing party. 

(c) By entering into this Agreement and entering into the arbitration provisions of this Section 10.2, THE PARTIES
EXPRESSLY ACKNOWLEDGE AND AGREE THAT THEY ARE KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVING THEIR RIGHTS TO A JURY TRIAL. 

(d) Nothing in this Section 10.2 shall prohibit a party to this Agreement from instituting litigation to enforce any
arbitration award or to obtain a temporary restraining order or temporary injunctive relief as contemplated by Articles VI, VII, and VIII above. 

10.3 No Waiver. No failure by either party hereto at any time to give notice of any breach by the other party of, or to require
compliance with, any condition or provision of this Agreement shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 

10.4 Severability. If a court of competent jurisdiction or arbitral authority determines that any provision of this Agreement is
invalid or unenforceable, then the invalidity or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement, and all other provisions shall remain in full force and effect. 

10.5 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original,
but all of which together will constitute one and the same Agreement. 

  
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 10.6 Withholding of Taxes and Other Employee Deductions. The Employer may withhold
from any benefits and payments made pursuant to this Agreement all federal, state, city, and other taxes and withholdings as may be required pursuant to any law or governmental regulation or ruling and all other customary deductions made with
respect to the Employer’s employees generally. 
 10.7 Headings. The Article and Section headings have been inserted for
purposes of convenience and shall not be used for interpretive purposes. 
 10.8 Gender and Plurals. Wherever the context so
requires, the masculine gender includes the feminine or neuter, and the singular number includes the plural and conversely. 
 10.9
Affiliate. As used in this Agreement, the term “affiliate” means, with respect to a person, (a) any other person controlling, controlled by, or under common control with the first person or (b) any joint
venture in which the first person is a joint venturer; the term “control,” and correlative terms, means the power, whether by contract, equity ownership or otherwise, to direct the policies, management, or other business
activities of a person; and “person” means an individual, partnership, corporation, limited liability company, trust or unincorporated organization, business entity organized under foreign law, or a government or agency or
political subdivision thereof. 
 10.10 Successors; Assigns; Third Party Beneficiaries. This Agreement shall be binding upon
and inure to the benefit of the Employer and any successor of the Employer. In addition, the Employer may assign this Agreement and Executive’s employment to any affiliate of the Employer at any time without the consent of Executive, and any
assign of the Employer shall be deemed to be the Employer for purposes of this Agreement. Except as provided in the foregoing sentences of this Section 10.10, this Agreement and the rights and obligations of the parties hereunder are personal,
and neither this Agreement nor any right, benefit, or obligation of either party hereto shall be subject to voluntary or involuntary assignment, alienation, or transfer, whether by operation of law or otherwise, without the prior written consent of
the other party. In addition, any payment owed to Executive hereunder after the date of Executive’s death shall be paid to Executive’s estate. Each affiliate of the Employer shall be a third party beneficiary of, and may directly enforce,
Executive’s obligations under Articles VI, VII, and VIII. 
 10.11 Term. Termination of this Agreement shall not affect
any right or obligation of any party which is accrued or vested prior to such termination. Without limiting the scope of the preceding sentence, the provisions of Articles V, VI, VII, and VIII, and those provisions necessary to interpret and
apply them shall survive any termination of the employment relationship and/or of this Agreement. 
 10.12 Entire Agreement.
Except as provided in any signed written agreement contemporaneously or hereafter executed by the Employer and Executive, this Agreement (a) constitutes the entire agreement of the parties with regard to the subject matter hereof,
(b) supersedes all prior agreements, arrangements, and understandings, written or oral, relating to the subject matter hereof, and (c) contains all the covenants, promises, representations, warranties, and agreements between the parties
with respect to employment of Executive by the Employer. Without limiting the scope of the preceding sentence, all understandings and agreements 

  
 21 

 
preceding the date of execution of this Agreement and relating to the subject matter hereof (including but not limited to any employment agreements, confidentiality agreements, noncompete
agreements, or other agreements) are hereby null and void and of no further force and effect. 
 10.13 Modification; Waiver.
Any modification to or waiver of this Agreement will be effective only if it is in writing and signed by the parties to this Agreement. 

10.14 Actions by the Supervisory or Management Board. Any and all determinations or other actions required of the Supervisory
Board or the Management Board hereunder that relate specifically to Executive’s employment by the Employer or the terms and conditions of such employment shall be made by the members of the Supervisory Board or Management Board, as applicable,
other than Executive if Executive is a member of such Supervisory Board or Management Board, and Executive shall not have any right to vote or decide upon any such matter. 

10.15 Executive’s Representations and Warranties. Executive represents and warrants to the Employer that (a) Executive
does not have any agreements with any prior employers or other third parties that will prohibit Executive from working for the Employer or fulfilling Executive’s duties and obligations to the Employer pursuant to this Agreement, and
(b) Executive has complied with any and all duties imposed on Executive with respect to Executive’s former employers, including without limitation any requirements with respect to return of property. 

10.16 No Retaliation. The Employer covenants that it will not take any retaliatory action against Executive for exercising any
of his legally protected rights or obtaining an outside opinion regarding whether a breach of the Agreement or a Change in Control, as defined in Section 1.4, has occurred; provided, however, that nothing in this Section 10.16 shall
prevent the Employer from disputing any assertion by Executive or any outside party that a breach or a Change in Control has occurred. 

10.17 Attorneys’ Fees and Costs. The Employer shall reimburse Executive for Executive’s reasonable attorneys’
fees, costs, and expenses incurred as the result of litigation or arbitration arising out of this Agreement. 
 10.18 Forum and
Venue. With respect to any claim for injunctive relief contemplated by Articles VI, VII, and VIII of this Agreement, the parties hereto hereby consent to the exclusive jurisdiction, forum, and venue of the state and federal courts, as
applicable, located in Harris County, Texas. 
 10.19 Delayed Payment Restriction. Notwithstanding any provision in this
Agreement to the contrary, if any payment or benefit provided for herein would be subject to additional taxes and interest under section 409A of the Code if Executive’s receipt of such payment or benefit is not delayed until the
Section 409A Payment Date, then such payment or benefit shall not be provided to Executive (or Executive’s estate, if applicable) until the Section 409A Payment Date. 

  
 22 

 10.20 Clawback. Notwithstanding any provisions in this Agreement to the contrary,
any compensation, payments, or benefits provided hereunder, whether in the form of cash or otherwise, shall be subject to a clawback to the extent necessary to comply with the requirements of any applicable law, including but not limited to, the
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, section 304 of the Sarbanes Oxley Act of 2002, or any regulations promulgated thereunder, or any policy adopted by the Employer pursuant to any such law (whether in existence as of
the Effective Date or later adopted). 
 [Signatures begin on next page.] 

  
 23 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of October 30,
2014. 
  

			
	FRANK’S INTERNATIONAL, LLC
		
	By:	 	 /s/ W. JOHN WALKER

		 	Name: W. John Walker
		 	Title:   Executive Vice President, Operations
	
	FRANK’S INTERNATIONAL N.V.
		
	By:	 	 /s/ BRIAN D. BAIRD

		 	Name: Brian D. Baird
		 	 Title:   Vice President, Chief Legal Officer and

    Secretary

	
	EXECUTIVE
		
		 	 /s/ D. KEITH MOSING

		 	D. Keith Mosing

 ACKNOWLEDGED BY: 
  

			
	 BOARD OF SUPERVISORY DIRECTORS

FRANK’S INTERNATIONAL N.V.

		
		 	 /s/ SHELDON R. ERIKSON

		 	Name: Sheldon R. Erikson
		 	 Title:   Chairman, Compensation Committee of

    Board of Supervisory Directors

  
 24 

 APPENDIX A. 

RELEASE AGREEMENT 
 This
Release Agreement (this “Agreement”) constitutes the release referred to in that certain Employment Agreement (the “Employment Agreement”) dated as of
                    ,                     , by
and between DONALD KEITH MOSING (“Executive”) and FRANK’S INTERNATIONAL, LLC, a Texas limited liability company (the “Employer”). 

1. General Release. 

(a) For good and valuable consideration, including the Employer’s provision of certain payments and benefits to Executive in accordance
with Section 5.2 of the Employment Agreement, Executive hereby releases, discharges, and forever acquits the Employer, its affiliates and subsidiaries, their respective past, present, and future stockholders, members, partners, directors,
managers, employees, agents, attorneys, heirs, legal representatives, successors, and assigns, as well as all employee benefit plans maintained by the Employer or any of its affiliates or subsidiaries and all fiduciaries and administrators of any
such plan, in their personal and representative capacities (collectively, the “Employer Parties”), from liability for, and hereby waives, any and all claims, rights, damages, or causes of action of any kind related to
Executive’s employment with any Employer Party, the termination of such employment, and any other acts or omissions related to any matter on or prior to the date of this Agreement (collectively, the “Released Claims”).

 (b) The Released Claims include without limitation those arising under or related to: (i) the Age Discrimination in Employment Act
of 1967; (ii) Title VII of the Civil Rights Act of 1964; (iii) the Civil Rights Act of 1991; (iv) sections 1981 through 1988 of Title 42 of the United States Code; (v) the Employee Retirement Income Security Act of 1974,
including, but not limited to, sections 502(a)(1)(A), 502(a)(1)(B), 502(a)(2), and 502(a)(3) to the extent the release of such claims is not prohibited by applicable law; (vi) the Immigration Reform Control Act; (vii) the Americans with
Disabilities Act of 1990; (viii) the National Labor Relations Act; (ix) the Occupational Safety and Health Act; (x) the Family and Medical Leave Act of 1993; (xi) any state, local, or federal anti-discrimination or
anti-retaliation law; (xii) any state, local, or federal wage and hour law; (xiii) any other local, state, or federal law, regulation, or ordinance; (xiv) any public policy, contract, tort, or common law; (xv) costs, fees, or
other expenses including attorneys’ fees incurred in these matters; (xvi) any employment contract, incentive compensation plan, or stock option plan with any Employer Party or to any ownership interest in any Employer Party, except as
expressly provided in Section 5.2 of the Employment Agreement or as may be expressly provided in any stock option or other equity compensation agreement between Executive and the Employer; and (xvii) compensation or benefits of any kind
not expressly set forth in Section 5.2 of the Employment Agreement or in any such stock option or other equity compensation agreement between Executive and the Employer. 

(c) In no event shall the Released Claims include (i) any claim which arises after the date of this Agreement, or (ii) any claims
for the payments and benefits payable to Executive under Section 5.2 of the Employment Agreement. 

  
 A-1 

 (d) Notwithstanding this release of liability, nothing in this Agreement prevents Executive from
filing any non-legally waivable claim (including a challenge to the validity of this Agreement) with the Equal Employment Opportunity Commission (“EEOC”) or comparable state or local agency or from participating in any
investigation or proceeding conducted by the EEOC or comparable state or local agency. However, notwithstanding the foregoing, Executive understands and expressly agrees that Executive is waiving any and all rights to recover any monetary or
personal relief or recovery as a result of any such EEOC (or comparable state or local agency) proceeding or subsequent legal actions. 

(e) This Agreement is not intended to indicate that any such claims exist or that, if they do exist, they are meritorious. Rather, Executive
is simply agreeing that, in exchange for the consideration recited in the first sentence of Section 1(a) of this Agreement, any and all potential claims of this nature that Executive may have against the Employer Parties, regardless of whether
they actually exist, are expressly settled, compromised, and waived. 
 (f) By signing this Agreement, Executive is bound by it. Anyone who
succeeds to Executive’s rights and responsibilities, such as heirs or the executor of Executive’s estate, is also bound by this Agreement. This release also applies to any claims brought by any person or agency or class action under which
Executive may have a right or benefit. THIS RELEASE INCLUDES MATTERS ATTRIBUTABLE TO THE SOLE OR PARTIAL NEGLIGENCE (WHETHER GROSS OR SIMPLE) OR OTHER FAULT, INCLUDING STRICT LIABILITY, OF ANY OF THE EMPLOYER PARTIES. 

2. Covenant Not to Sue. Executive agrees not to bring or join any lawsuit against any of the Employer Parties in any court or
before any arbitral authority relating to any of the Released Claims. Executive represents that Executive has not brought or joined any lawsuit or arbitration against any of the Employer Parties in any court or before any arbitral authority and has
made no assignment of any rights Executive has asserted or may have against any of the Employer Parties to any person or entity, in each case, with respect to any Released Claims. 

3. Executive’s Acknowledgments and Representations. By executing and delivering this Agreement, Executive acknowledges
that: 
 (a) Executive has carefully read this Agreement; 

(b) Executive has had at least [twenty-one (21)] [forty-five (45)] days to consider this Agreement before the execution and delivery hereof to
the Employer [, and Executive acknowledges that attached to this Agreement is a list of (i) the job titles and ages of all employees selected for participation in the employment termination or exit incentive program pursuant to which Executive
is being offered this Agreement, (ii) the job titles and ages of all employees in the same job classification or organizational unit who were not selected for participation in the program, and (iii) information about the unit affected by
the program, including any eligibility factors for such program and any time limits applicable to such program]; 

  
 A-2 

 (c) Executive has been and hereby is advised in writing to discuss this Agreement with an
attorney of Executive’s choice and Executive has had adequate opportunity to do so; 
 (d) Executive fully understands the final and
binding effect of this Agreement; the only promises made to Executive to sign this Agreement are those stated in the Employment Agreement and herein; and Executive is signing this Agreement voluntarily and of Executive’s own free will, and that
Executive understands and agrees to each of the terms of this Agreement; and 
 (e) Executive has received all leaves (paid and unpaid) to
which Executive was entitled during his employment with the Employer and, other than any sums owed to Executive pursuant to Section 5.2 of the Employment Agreement or any vested sums owed to Executive but deferred pursuant to any qualified or
nonqualified deferred compensation plan (including but not limited to the Employer’s 401(k) cash or deferred arrangement and the Employer’s Executive Deferred Compensation Plan), Executive has received all wages, bonuses, compensation, and
other sums that Executive has been owed or ever could be owed by the Released Parties. 
 4. Revocation Right. Executive may
revoke this Agreement within the seven day period beginning on the date Executive signs this Agreement (such seven day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must
be in writing signed by Executive and must be received by the Chief Executive Officer of the Employer before 11:59 p.m., Central Standard Time, on the last day of the Release Revocation Period. This Agreement is not effective, and no consideration
shall be paid to Executive, until the expiration of the Release Revocation Period without Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, this Agreement shall be of no force or effect and
shall be null and void ab initio. 
 Executed on
this                     day of             ,     . 

 

	
	  
 D. Keith Mosing

  
 A-3EX-10.1

 Exhibit 10.1 

INDEMNIFICATION AGREEMENT 

THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is made and entered into as of
            , 2014 between World Energy Solutions, Inc., a Delaware corporation (the “Company”), and
                    , an individual (“Indemnitee”). 

WITNESSETH THAT: 

WHEREAS, the Board of Directors of the Company (the “Board”) has determined that directors and officers of or other
persons performing services to or on behalf of corporations or business enterprises are being increasingly subjected to expensive and time-consuming litigation relating to, among other things, matters that traditionally would have been brought only
against the corporation or business enterprise itself. The Bylaws and Certificate of Incorporation of the Company require indemnification of the directors of the Company. Indemnitee may also be entitled to indemnification pursuant to the General
Corporation Law of the State of Delaware (“DGCL”). The Bylaws and Certificate of Incorporation and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that
contracts may be entered between the Company and directors, officers, and other persons with respect to indemnification; 

WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses
on behalf of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Board free from undue concern that they will not be so indemnified; 

WHEREAS, this Agreement is a supplement to and in furtherance of the Bylaws and Certificate of Incorporation of the Company and any
resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; and 

WHEREAS, Indemnitee believes the protection available under the Company’s Bylaws and Certificate of Incorporation and insurance
may not be adequate in the present circumstances, and may not be willing to serve as a member of the Board without adequate protection, and the Company desires Indemnitee to serve in such capacity.  

NOW, THEREFORE, in consideration of Indemnitee’s agreement to serve as a director, an officer, or in other capacity from and after
the date hereof, the parties hereto agree as follows: 
 1. Indemnity of Indemnitee. The Company hereby agrees to hold harmless and
indemnify Indemnitee to the fullest extent permitted by law, as such may be amended from time to time, with respect to any matter arising from or in connection with Indemnitee’s Corporate Status. In furtherance of the foregoing indemnification,
and without limiting the generality thereof: 
 (a) Proceedings Other Than Proceedings by or in the Right of the Company. Indemnitee
shall be entitled to the rights of indemnification provided in this Section 1(a) if, by reason of his Corporate Status, the Indemnitee is, or is threatened to be made, a party to or 

 
participant in any Proceeding, other than a Proceeding by or in the right of the Company. Pursuant to this Section1(a), Indemnitee shall be indemnified against all Expenses, judgments,
penalties, fines and amounts paid in settlement actually and reasonably incurred by him, or on his behalf, in connection with such Proceeding or any claim, issue or matter therein, if the Indemnitee acted in good faith and in a manner the Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company, and with respect to any criminal Proceeding, had no reasonable cause to believe the Indemnitee’s conduct was unlawful. For purposes hereof, “Corporate
Status” means a person’s past, current, or future status as a director, officer, employee, agent or fiduciary of the Company or any committee of the Board or former director, officer, employee, agent or fiduciary of the Company or of
any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that such person serves or was serving at the express written request of the Company. “Expenses” shall include all reasonable
attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees and all other disbursements or expenses
of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, participating, or being or preparing to be a witness in a Proceeding, or responding to, or objecting to, a request to
provide discovery in any Proceeding, or in any successful Proceeding, to enforce this Agreement or any D&O policy. Expenses also shall include Expenses incurred in connection with any appeal resulting from any Proceeding and any federal, state,
local or foreign taxes imposed on the Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, including without limitation, for taxes, and any premium, security for, and other costs relating to any cost bond,
supersede as bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee. “Proceeding” includes any threatened,
pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought by or in the right of the Company or
otherwise and whether civil, criminal, administrative or investigative, in which Indemnitee was, is or will be involved as a party or otherwise, by reason of his or her Corporate Status, by reason of any action taken by him or of any inaction on his
part while acting in his or her Corporate Status; in each case whether or not he is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under this Agreement; including one
pending on or before the date of this Agreement, but excluding any unsuccessful Proceeding initiated by an Indemnitee pursuant to Section 7 of this Agreement to enforce his rights under this Agreement. 

(b) Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided in this
Section 1(b) if, by reason of his Corporate Status, the Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding brought by or in the right of the Company. Pursuant to this Section 1(b),
Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by the Indemnitee, or on the Indemnitee’s behalf, in connection with such Proceeding if the Indemnitee acted in good faith and in a manner the Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company; provided, however, if applicable law so provides, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in such
Proceeding as to which Indemnitee shall have been adjudged to be liable to the Company unless and to the extent that the Court of Chancery of the State of Delaware shall determine that such indemnification may be made. 

  
 2 

 (c) Indemnification for Expenses, if Indemnitee is Wholly or Partly Successful.
Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding, he shall be indemnified to the maximum extent
permitted, and in no case less than the minimum extent required, by law, as such may be amended from time to time, against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. If Indemnitee is not wholly
successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably
incurred by him or on his behalf in connection with each successfully resolved claim, issue or matter. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or
without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 
 2. Additional Indemnity. In
addition to, and without regard to any limitations on, the indemnification provided for in Section 1 of this Agreement, the Company shall and hereby does indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties,
fines and amounts paid in settlement actually and reasonably incurred by him or on his behalf if, by reason of his Corporate Status, he is, or is threatened to be made, a party to or participant in any Proceeding (including a Proceeding by or in the
right of the Company), including, without limitation, all liability arising out of the negligence or active or passive wrongdoing of Indemnitee. The only limitation that shall exist upon the Company’s obligations pursuant to this Agreement
shall be that the Company shall not be obligated to make any payment to Indemnitee that is finally determined (under the procedures, and subject to the presumptions, set forth in Sections 6 and 7 hereof) to be unlawful. 

3. Contribution. 
 (a)
Whether or not the indemnification provided in Sections 1 and 2 hereof is available, in respect of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding, and a judgment in such
Proceeding were adverse (“Adverse Joint Proceeding”)), the Company shall pay, in the first instance, the entire amount of any judgment or settlement of such Adverse Joint Proceeding without requiring Indemnitee to contribute to such
payment, and the Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. The Company shall not enter into any settlement of any Adverse Joint Proceeding, unless such settlement provides for a full and final
release of all claims asserted against Indemnitee. 
 (b) Without diminishing or impairing the obligations of the Company set forth in the
preceding subparagraph, if, for any reason, Indemnitee shall elect or be required to pay all or any portion of any judgment or settlement in any Adverse Joint Proceeding, the Company shall contribute to the amount of Expenses, judgments, fines and
amounts paid in settlement actually and reasonably incurred and paid or payable by Indemnitee in proportion to the relative benefits received by the Company and all officers, directors or employees of the Company, other

  
 3 

 
than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such Adverse Joint Proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction or
events from which such action, suit or proceeding arose; provided, however, that the proportion determined on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to the
relative fault of the Company and all officers, directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such Adverse Joint Proceeding), on the one hand, and Indemnitee, on the
other hand, in connection with the transaction or events that resulted in such expenses, judgments, fines or settlement amounts, as well as any other equitable considerations which applicable law may require to be considered. The relative fault of
the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such Adverse Joint Proceeding), on the one hand, and Indemnitee, on the other hand, shall be
determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or secondary and the degree to which their conduct is
active or passive. 
 (c) The Company hereby agrees to fully indemnify and hold Indemnitee harmless from any claims of contribution which
may be brought by officers, directors, or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee. 
 (d)
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount
incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such
proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving
cause to such Proceeding and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s). 

4. Indemnification, Fees for Expenses as a Witness. Notwithstanding any other provision of this Agreement, to the extent that
Indemnitee is, by reason of his Corporate Status, a witness, or is made (or asked) to respond to discovery requests, in any Proceeding to which Indemnitee is not a party, the Company shall indemnify Indemnitee against all Expenses actually and
reasonably incurred by him or on his behalf in connection therewith and pay Indemnitee a fee at the rate of $100 per hour spent testifying as a witness, preparing for such testifying, responding to such discovery requests, and travel time in
connection therewith. 
 5. Advancement of Expenses. Notwithstanding any other provision of this Agreement, the Company shall advance
all Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee’s Corporate Status within thirty (30) days after the receipt by the Company of a statement or statements from Indemnitee
requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or
accompanied by a written undertaking by or on 

  
 4 

 
behalf of Indemnitee to repay any Expenses advanced, if it shall ultimately be determined that Indemnitee is not entitled to be indemnified against such Expenses. Any advances and undertakings to
repay pursuant to this Section 5 shall be unsecured and interest free. 
 6. Procedures and Presumptions for Determination of
Entitlement to Indemnification. It is the intent of this Agreement to secure for Indemnitee rights of indemnity that are as favorable as may be permitted under the DGCL and public policy of the State of Delaware. Accordingly, the parties agree
that the following procedures and presumptions shall apply in the event of any question as to whether Indemnitee is entitled to indemnification under this Agreement: 

(a) To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith
such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of
such a request for indemnification, advise the Board in writing that Indemnitee has requested indemnification. Notwithstanding the foregoing, any failure of Indemnitee to provide such a request to the Company, or to provide such a request in a
timely fashion, shall not relieve the Company of any liability that it may have to Indemnitee unless, and to the extent that, such failure actually and materially prejudices the interests of the Company. 

(b) Upon written request by Indemnitee for indemnification pursuant to the first sentence of Section 6(a) hereof, a determination
with respect to Indemnitee’s entitlement thereto shall be made in the specific case by one of the following four methods, which shall be at the election of the Board (1) by a majority vote of the Disinterested Directors, even though less
than a quorum, (2) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum, (3) if there are no Disinterested Directors or if the Disinterested Directors so
direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to the Indemnitee, or (4) if so directed by the Board, by the stockholders of the Company. For purposes hereof, “Disinterested
Directors” are those members of the Board who are not parties to the action, suit or proceeding in respect of which indemnification is sought by Indemnitee, and “Independent Counsel” means a law firm, or a member of a law
firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent (i) the Company or Indemnitee in any matter material to either such party (other than with respect to
matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an
action to determine Indemnitee’s rights under this Agreement. 
 (c) If the determination of entitlement to indemnification is to be
made by Independent Counsel pursuant to Section 6(b) hereof, the Independent Counsel shall be selected as provided in this Section 6(c). The Independent Counsel shall be selected by the Board. Indemnitee may, within ten
(10) days after such written notice of selection shall have been given, 

  
 5 

 
deliver to the Company a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the
definition of Independent Counsel, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If a written objection is
made and substantiated, the Independent Counsel selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without merit. If, within twenty (20) days after
submission by Indemnitee of a written request for indemnification pursuant to Section 6(a) hereof, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition the Court of Chancery
of the State of Delaware or other court of competent jurisdiction for resolution of any objection which shall have been made by the Indemnitee to the Company’s selection of Independent Counsel and/or for the appointment as Independent Counsel
of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 6(b)
hereof. The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with acting pursuant to Section 6(b) hereof, and the Company shall pay all reasonable fees
and expenses incident to the procedures of this Section 6(c), regardless of the manner in which such Independent Counsel was selected or appointed. 

(d) Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the
Company and any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that Indemnitee is or was serving at the express written request of the Company as a director, officer, employee, agent or fiduciary
(collectively, the “Enterprise”), including financial statements, or on information supplied to Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or on
information or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Enterprise. In addition, the knowledge and/or actions, or failure to
act, of any director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

(e) Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to
indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee
and reasonably necessary to such determination. Any Independent Counsel, member of the Board or stockholder of the Company shall act reasonably and in good faith in making a determination regarding the Indemnitee’s entitlement to
indemnification under this Agreement. Any costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company
(irrespective of the determination as to Indemnitee’s entitlement to indemnification), and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. 

  
 6 

 (f) The Company acknowledges that a settlement or other disposition short of final judgment may
be successful if it permits a party to avoid expense, delay, distraction, disruption and uncertainty. 
 (g) The termination of any
Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect
the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal
Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful. 
 7. Remedies of Indemnitee. 

(a) In the event that (i) a determination is made pursuant to Section 6 of this Agreement that Indemnitee is not entitled to
indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 5 of this Agreement, (iii) no determination of entitlement to indemnification is made pursuant to
Section 6(b) of this Agreement within ninety (90) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to this Agreement within ten (10) days after
receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to
have been made pursuant to Section 6 of this Agreement, Indemnitee shall be entitled to an adjudication of Indemnitee’s entitlement to such indemnification. Indemnitee shall commence such proceeding seeking an adjudication within
one hundred eighty (180) days following the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 7(a). 

(b) In the event that a determination shall have been made pursuant to Section 6(b) of this Agreement that Indemnitee is not
entitled to indemnification, any judicial proceeding commenced pursuant to this Section 7 shall be conducted in all respects as a de novo trial on the merits, and Indemnitee shall not be prejudiced by reason of the adverse determination
under Section 6(b). 
 (c) If a determination shall have been made pursuant to Section 6(b) of this Agreement that
Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding commenced pursuant to this Section 7, absent (i) a misstatement by Indemnitee of a material fact, or an omission
of a material fact necessary to make Indemnitee’s misstatement not materially misleading in connection with the application for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

(d) In the event that Indemnitee, pursuant to this Section 7, seeks a judicial adjudication of his rights under, or to recover
damages for breach of, this Agreement, or to recover under any directors’ and officers’ liability insurance policies maintained by the Company, if successful, the Company shall pay on his behalf, in advance, any and all Expenses actually
and reasonably incurred by him in such judicial adjudication, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement of expenses or insurance recovery. 

(e) Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification under this Agreement
shall be required to be made prior to the final disposition of the Proceeding. 

  
 7 

 8. Non-Exclusivity; Survival of Rights; Insurance; Primacy of Indemnification;
Subrogation. 
 (a) The rights of indemnification as provided by this Agreement shall not be deemed exclusive of any other rights to
which Indemnitee may at any time be entitled under applicable law, the Certificate of Incorporation, the By-laws, any agreement, a vote of stockholders, a resolution of directors of the Company, or otherwise. No amendment, alteration or repeal of
this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the
extent that a change in the DGCL, whether by statute or judicial decision, permits greater indemnification than would be afforded currently under the Certificate of Incorporation, By-laws and this Agreement, it is the intent of the parties hereto
that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other right or remedy. 
 (b) To the extent that the Company maintains an insurance policy or policies providing liability
insurance for directors, officers, employees, or agents or fiduciaries of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that such person serves at the request of the Company,
Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has
directors’ and officers’ liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall
thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policies. 

(c) In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of
recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 

(d) The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder, if and to the
extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 

  
 8 

 (e) The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is
or was serving at the request of the Company as a director, officer, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise shall be reduced by any amount Indemnitee has actually
received as indemnification or advancement of expenses from such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise. 

9. Exception to Right of Indemnification. Notwithstanding any provision in this Agreement, the Company shall not be obligated under
this Agreement to make any indemnity in connection with any claim made against Indemnitee: 
 (a) for which payment has actually been made
to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision; or 

(b) in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any
Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, unless (i) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation, or (ii) the Company
provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law. 
 10. Duration
of Agreement. All agreements and obligations of the Company contained herein shall continue during the period Indemnitee is a director of the Company (or is or was serving at the request of the Company as a director, officer, employee or agent
of another corporation, partnership, joint venture, trust or other enterprise) and shall continue thereafter so long as Indemnitee shall be subject to any Proceeding (or any proceeding commenced under Section 7 hereof) by reason of his
Corporate Status, whether or not he is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under this Agreement. 

11. Security. To the extent requested by Indemnitee and approved by the Board, the Company may at any time and from time to time
provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the
prior written consent of the Indemnitee. 
 12. Enforcement. 

(a) The Company expressly confirms and agrees that it has entered into this Agreement and assumes the obligations imposed on it hereby in
order to induce Indemnitee to serve as an officer or director of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as an officer or director of the Company. 

  
 9 

 (b) This Agreement constitutes the entire agreement between the parties hereto with respect to
the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. 

(c) The Company shall not seek from a court, or agree to, a “bar order” which would have the effect of prohibiting or limiting the
Indemnitee’s rights to receive advancement of expenses under this Agreement. 
 13. Severability. The invalidity or
unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision. Further, the invalidity or unenforceability of any provision hereof as to Indemitee shall in no way affect the validity or
enforceability of any provision hereof as to the other. Without limiting the generality of the foregoing, this Agreement is intended to confer upon Indemnitee indemnification rights to the fullest extent permitted by applicable laws. In the event
any provision hereof conflicts with any applicable law, such provision shall be deemed modified, consistent with the aforementioned intent, to the extent necessary to resolve such conflict. 

14. Modification and Waiver. No supplement, modification, termination or amendment of this Agreement shall be binding unless executed
in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 15. Notice By Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with or otherwise
receiving any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification covered hereunder. The failure to so notify the Company shall not relieve
the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay materially prejudices the Company. 

16. Notices. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed
effectively given (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed, then on the next business
day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day
delivery, with written verification of receipt. All communications shall be sent: 
 (a) To Indemnitee at the address set forth below
Indemnitee signature hereto. 
 (b) To the Company at: 

Attention: 
 or to such other
address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be. 

  
 10 

 17. Counterparts. This Agreement may be executed in two (2) or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the
U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.  

18. Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute
part of this Agreement or to affect the construction thereof. 
 19. Governing Law and Consent to Jurisdiction. This Agreement and
the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. The Company and Indemnitee hereby irrevocably and
unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state
or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this
Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware
Court has been brought in an improper or inconvenient forum. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Indemnification Agreement on and as of
the day and year first above written. 
  

					
		 	WORLD ENERGY SOLUTIONS, INC.
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	INDEMNITEE
		
		 	  

		 	Name:	 	
		
	Address:	 	  

		 	  

		 	  

		 	  

  
 12

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