EXHIBIT 10.8
AMENDMENT TO NONQUALIFIED STOCK OPTION AGREEMENT
This Amendment to Nonqualified Stock Option Agreement, dated effective
December 11, 1998, is by and between TETRA Technologies, Inc., a Delaware
corporation ("Company"), and Xxxxx X. XxXxxxx ("Optionee").
Company and Optionee are parties to that certain Nonqualified Stock Option
Agreement, dated April 1, 1996 with respect to 284,977 shares of Company Stock
("Option Agreement").
For good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged for all purposes, Company and Optionee hereby amend the
Option Agreement as follows:
1. Section 1 of the Option Agreement is hereby amended to change the
number of shares of Company Stock from "284,977" to "199,484".
2. Section 2 of the Option Agreement is hereby amended to change the
purchase price per share from "$16.875" to "$10.1875".
Except as amended as set forth above, the Option Agreement remains in full
force and effect in accordance with its terms.
TETRA Technologies, Inc. Optionee
/s/ XXX X. XXXXXXXXXX /s/ XXXXX X. XXXXXXX
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Xxx X. Xxxxxxxxxx Xxxxx X. XxXxxxx
Chairman, Management and President and Chief
Compensation Committee of the Executive Officer
Board of Directors
