SEC Contract Filing

Filing Date: 2015-08-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.19
<SEQUENCE>3
<FILENAME>cjes63015amendtsa.htm
<DESCRIPTION>EXHIBIT 10.19
<TEXT>
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<a name="s5D1910224714A73B49246EECC50FCF1E"></a><div><div style="line-height:120%;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td width="30%"></td><td width="31%"></td><td width="39%"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit&#160;10.19</font></div><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td></tr></table></div></div></div><br><div style="line-height:138%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDMENT NO. 1 TO</font></div><div style="line-height:138%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TRANSITION SERVICES AGREEMENT </font></div><div style="line-height:138%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This AMENDMENT NO. 1 (this &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Amendment</font><font style="font-family:inherit;font-size:12pt;">&#8221;), dated as of June 30, 2015, to the Transition Services Agreement dated as of March 24, 2015 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">TSA</font><font style="font-family:inherit;font-size:12pt;">&#8221;), is </font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;">by and between Nabors Industries Ltd., a Bermuda exempted company (&#8220;</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;text-decoration:underline;">Nabors</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;">&#8221;), and C&amp;J Energy Services Ltd. (formerly known as Nabors Red Lion Limited), a Bermuda exempted company (&#8220;</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;text-decoration:underline;">C&amp;J</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;">&#8221;)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:138%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the parties have heretofore entered into the TSA, which provides for the provision of certain Services (as defined in the TSA) to C&amp;J by Nabors; and</font></div><div style="line-height:138%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, pursuant to Section 2.05 of the TSA, from the Separation Time through the last day of the quarter following the quarter in which the Closing Date occurred (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Benefits Transition Period</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Navy agreed to permit the Continuing Employees to continue to participate in the Navy Employee Benefits Plans listed on Schedule C to the TSA at the same level of benefits and subject to the same terms and conditions that were applicable to such Continuing Employees immediately prior to the Separation Time; and </font></div><div style="line-height:138%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Benefits Transition Period is currently scheduled to expire on June 30, 2015 pursuant to the terms of the TSA; and</font></div><div style="line-height:138%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the parties desire to amend certain provisions of the TSA as set forth herein and Section 10.10 of the TSA provides for the amendment of the TSA from time to time.</font></div><div style="line-height:138%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOW, THEREFORE, in consideration of the mutual agreements set forth in the TSA and this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:</font></div><div style="line-height:138%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:96px;"><font style="padding-bottom:16px;text-align:justify;font-fa