Document:

Exhibit

NINE ENERGY SERVICE, LLC
March 30, 2020
Guy Sirkes
By Hand Delivery
Dear Guy:
This letter (this “Agreement”) memorializes the agreement between you and Nine Energy Service, LLC, a Delaware limited liability company (the “Company”), that, effective as of April 1, 2020, your annualized Base Salary (as such term is defined in that certain Amended and Restated Employment Agreement by and between you and the Company, dated as of March 27, 2020 (the “Employment Agreement”)) will be reduced by 15% to $323,000, less applicable taxes and other withholdings. 
This step is a response to sustained volatility in commodity prices and the economic downturn caused by the COVID-19 pandemic. We appreciate your continued service to the Company and your continued leadership during these challenging times.
Notwithstanding the foregoing or anything to the contrary in this Agreement or the Employment Agreement, for purposes of Section 6.1(b) of the Employment Agreement, your Base Salary shall be deemed to be your Base Salary in effect immediately prior to the effective time of the reduction described in this Agreement, or $380,000 (the “Prior Salary”). 
You acknowledge and represent that you are agreeing to this future salary reduction voluntarily.  By signing below you expressly consent and agree to the reduction set forth in the first paragraph of this Agreement, and hereby waive any and all rights you may have to terminate your employment with the Company for Good Reason (as such term is defined in the Employment Agreement) as a result of the changes described in this Agreement. Except as expressly modified by this Agreement, the terms of the Employment Agreement shall remain in full force and effect and are hereby confirmed and ratified. This Agreement shall automatically terminate and cease to be of any force or effect on the date on which your Base Salary is increased to a level that is equal to or greater than the Prior Salary.
Please sign below to you acknowledge your agreement to these terms. Executed as of the date first set forth above
	
				
	 
	 
	NINE ENERGY SERVICE, LLC.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	/s/ Ann G. Fox

	 
	 
	Name:
	Ann G. Fox

	 
	 
	Title:
	President, Chief Executive Officer

	 
	 
	 
	 

	AGREED AND ACCEPTED:
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	/s/ Guy Sirkes
	 
	 

	Name:
	Guy Sirkes
	 
	 

	Title:
	Senior Vice President, Chief Financial OfficerExhibit

NINE ENERGY SERVICE, LLC
March 30, 2020
Edward Bruce Morgan
By Hand Delivery
Dear Bruce:
This letter (this “Agreement”) memorializes the agreement between you and Nine Energy Service, LLC, a Delaware limited liability company (the “Company”), that, effective as of April 1, 2020, your annualized Base Salary (as such term is defined in that certain Amended and Restated Employment Agreement by and between you and the Company, dated as of November 20, 2018 (as amended by that certain First Amendment, effective as of August 30, 2019, the “Employment Agreement”)) will be reduced by 15% to $255,000, less applicable taxes and other withholdings. 
This step is a response to sustained volatility in commodity prices and the economic downturn caused by the COVID-19 pandemic. We appreciate your continued service to the Company and your continued leadership during these challenging times.
Notwithstanding the foregoing or anything to the contrary in this Agreement or the Employment Agreement, for purposes of Section 6.1(b) of the Employment Agreement, your Base Salary shall be deemed to be your Base Salary in effect immediately prior to the effective time of the reduction described in this Agreement, or $300,000 (the “Prior Salary”). 
You acknowledge and represent that you are agreeing to this future salary reduction voluntarily.  By signing below you expressly consent and agree to the reduction set forth in the first paragraph of this Agreement, and hereby waive any and all rights you may have to terminate your employment with the Company for Good Reason (as such term is defined in the Employment Agreement) as a result of the changes described in this Agreement. Except as expressly modified by this Agreement, the terms of the Employment Agreement shall remain in full force and effect and are hereby confirmed and ratified. This Agreement shall automatically terminate and cease to be of any force or effect on the date on which your Base Salary is increased to a level that is equal to or greater than the Prior Salary.
Please sign below to you acknowledge your agreement to these terms. Executed as of the date first set forth above
	
				
	 
	 
	NINE ENERGY SERVICE, LLC.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	/s/ Ann G. Fox

	 
	 
	Name:
	Ann G. Fox

	 
	 
	Title:
	President, Chief Executive Officer

	 
	 
	 
	 

	AGREED AND ACCEPTED:
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	/s/ Edward Bruce Morgan
	 
	 

	Name:
	Edward Bruce Morgan
	 
	 

	Title:
	President, Administration and OperationsExhibit

NINE ENERGY SERVICE, LLC
March 30, 2020
Theodore R. Moore
By Hand Delivery
Dear Ted:
This letter (this “Agreement”) memorializes the agreement between you and Nine Energy Service, LLC, a Delaware limited liability company (the “Company”), that, effective as of April 1, 2020, your annualized Base Salary (as such term is defined in that certain Amended and Restated Employment Agreement by and between you and the Company, dated as of November 20, 2018 (the “Employment Agreement”)) will be reduced by 15% to $323,000, less applicable taxes and other withholdings. 
This step is a response to sustained volatility in commodity prices and the economic downturn caused by the COVID-19 pandemic. We appreciate your continued service to the Company and your continued leadership during these challenging times.
Notwithstanding the foregoing or anything to the contrary in this Agreement or the Employment Agreement, for purposes of Section 6.1(b) of the Employment Agreement, your Base Salary shall be deemed to be your Base Salary in effect immediately prior to the effective time of the reduction described in this Agreement, or $380,000 (the “Prior Salary”). 
You acknowledge and represent that you are agreeing to this future salary reduction voluntarily.  By signing below you expressly consent and agree to the reduction set forth in the first paragraph of this Agreement, and hereby waive any and all rights you may have to terminate your employment with the Company for Good Reason (as such term is defined in the Employment Agreement) as a result of the changes described in this Agreement. Except as expressly modified by this Agreement, the terms of the Employment Agreement shall remain in full force and effect and are hereby confirmed and ratified. This Agreement shall automatically terminate and cease to be of any force or effect on the date on which your Base Salary is increased to a level that is equal to or greater than the Prior Salary.
Please sign below to you acknowledge your agreement to these terms. Executed as of the date first set forth above
	
				
	 
	 
	NINE ENERGY SERVICE, LLC.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	/s/ Ann G. Fox

	 
	 
	Name:
	Ann G. Fox

	 
	 
	Title:
	President, Chief Executive Officer

	 
	 
	 
	 

	AGREED AND ACCEPTED:
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	/s/ Theodore R. Moore
	 
	 

	Name:
	Theodore R. Moore
	 
	 

	Title:
	Senior Vice President and General CounselExhibit

SECOND AMENDMENT TO
AMENDED AND RESTATED EMPLOYMENT AGREEMENT

THIS SECOND AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Second Amendment”) is executed and agreed to by and among Nine Energy Service, LLC, a Delaware limited liability company (the “Company”), Nine Energy Service, Inc., a Delaware corporation (“Parent”), and Edward Bruce Morgan (“Executive”), effective as of May 29, 2020 (the “Amendment Effective Date”). 
WHEREAS, the Company and Executive have heretofore entered into that certain Amended and Restated Employment Agreement, effective as of November 20, 2018, as amended by such First Amendment dated August 30, 2019 (together, the “Employment Agreement”); 
WHEREAS, pursuant to Section 9.11 of the Employment Agreement, the Company, Parent and Executive enter into this Second Amendment in order to memorialize the amendment to the Employment Agreement set forth herein; and
WHEREAS, the Company, Parent and Executive desire to amend the Employment Agreement to reflect a change in Executive’s position with the Company and Parent, as set forth herein. 
NOW, THEREFORE, in consideration of the premises set forth above and the mutual agreements set forth herein, the Company, Parent and Executive hereby agree that the Employment Agreement shall be amended as hereafter provided, effective as of the Amendment Effective Date:
1.    Section 2.2 of the Employment Agreement shall be deleted and the following shall be substituted therefor: 
“2.2    Positions.  From and after the Effective Date, the Company shall employ Executive and Executive shall serve in the position of President, Wireline of the Company and Parent or in such other position or positions as the Board or the Company may designate from time to time, which may include providing services to other members of the Company Group, as the Board or the Company may reasonably assign from time to time.”
2.     Except as expressly modified by this Second Amendment, the terms of the Employment Agreement shall remain in full force and effect and are hereby confirmed and ratified.
3.    By signing below, Executive acknowledges and agrees that Executive has entered into this Second Amendment voluntarily and nothing in this Second Amendment (including the change in Executive’s position with the Company and Parent accomplished herein) shall constitute Good Reason (as defined in the Employment Agreement) or otherwise give rise to any additional rights under the Employment Agreement. 
[Remainder of Page Intentionally Blank;
Signature Page Follows]

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Second Amendment as of the Amendment Effective Date.
            
	
				
	 
	 
	NINE ENERGY SERVICE, LLC.

	 
	 
	 
	 

	 
	 
	By:
	/s/ Ann G. Fox

	 
	 
	Name:
	Ann G. Fox

	 
	 
	Title:
	President and Chief Executive Officer

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	NINE ENERGY SERVICE, INC.

	 
	 
	 
	 

	 
	 
	By:
	/s/ Ann G. Fox

	 
	Name:
	Ann G. Fox

	 
	 
	Title:
	President and Chief Executive Officer

	ACKNOWLEDGED AND ACCEPTED:
	 
	 

	 
	 
	 
	 

	 
	/s/ Edward Bruce Morgan
	 
	 

	 
	Edward Bruce Morgan
	 
	 

	 
	 
	 
	 

	 
	6/2/20
	 
	 

	 
	Date
	 
	 

SIGNATURE PAGE TO SECOND AMENDMENT TO
AMENDED AND RESTATED EMPLOYMENT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}]]