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EXHIBIT 10.32
FIRST AMENDMENT TO THE
EMPLOYMENT AGREEMENT
BETWEEN
▇▇▇▇▇▇ PETROLEUM SERVICES CORP.
AND ▇▇▇▇ ▇. BLACKLAWS
AGREEMENT entered into this 17th day of February, 1997, by and between
▇▇▇▇▇▇ Petroleum Services Corp., a Delaware Corporation ("Employer"), and ▇▇▇▇
▇. Blacklaws ("Employee").
WHEREAS, Employer and Employee are parties to that certain employment
agreement dated June 25, 1996, ("Agreement").
WHEREAS, the parties desire to amend the terms of the Agreement to the
set forth herein;
NOW THEREFORE, Employer and Employee, in consideration of the premises
and mutual agreements herein contained, do hereby agree as follows;
1. PRINCIPAL DUTIES. Employee's employment hereunder shall be in the
capacity of President-Manufacturing Services Division. In such
capacity, Employee shall perform the duties which he is currently
responsible as an Employee of Employer. In addition, Employee shall
perform other duties as may from time to time be prescribed by
Employer's Board of Directors or senior management and which are
reasonably related or incidental to the capacity in which Employee
serves Employer. Employee shall perform his duties hereunder in
accordance with any lawful instructions, rules, regulations or
policies made or adopted by Employer's Board of Directors, including
those applicable to Employer's employees generally. During the
Employment Period, Employee shall devote his full time, and best
efforts and skills to the business and interests of Employer during
Employer's normal working hours, do his utmost to further enhance
and develop Employer's best interests and welfare, and endeavor to
improve his ability and knowledge of Employer's business,
particularly as it relates to his duties hereunder, in an effort to
increase the value of his services for the mutual benefit of the
parties hereto. At all times during the term of this Agreement,
Employee shall project a positive and professional image on behalf
of Employer.
2. Employee and Employer agree, ratify and confirm that the Agreement,
as amended hereby, remains in full force and effect, and
constitutes a valid, binding and enforceable agreement in all
respects.
3. This First Amendment shall be effective the date first above
written. To the extent that the terms of this First Amendment
conflict with terms of the Agreement, the terms of the First
Amendment shall control.
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IN WITNESS HEREOF, the parties have executed this Agreement through
their duly authorized officers as of the date set forth on the first page
hereof.
EMPLOYER:
▇▇▇▇▇▇ PETROLEUM SERVICES CORP.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Chief Operating Officer
Address: One ▇▇▇▇▇▇▇▇ Center
▇.▇. ▇▇▇ ▇▇▇▇
▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇
EMPLOYEE:
/s/ ▇▇▇▇ ▇. BLACKLAWS
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Name: ▇▇▇▇ ▇. Blacklaws
Address:
12000 Sawmill Number 1013
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The ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
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EMPLOYER ACKNOWLEDGEMENT
STATE OF TEXAS )
)
COUNTY OF ▇▇▇▇▇▇▇▇▇▇ )
Before me, the undersigned authority, on this date personally appeared
▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Chief Operating Officer, of ▇▇▇▇▇▇ Petroleum Services Corp., a
Delaware corporation, known to me to be the person whose name is subscribed to
the foregoing instrument, and acknowledged to me that he executed the same for
the purposes and consideration therein expressed, in the capacity stated, and
as the act and deed of said corporation.
Given under my hand and seal this 17th day of February, 1997.
------------------------ /s/ ▇▇▇▇▇▇ ▇. DAY
[SEAL] -----------------------------------
▇▇▇▇▇▇ ▇. DAY Notary Public in and for
MY COMMISSION EXPIRES The State of Texas
OCTOBER 12, 1999
------------------------ My Commission Expires: 10/12/99
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EMPLOYEE ACKNOWLEDGEMENT
STATE OF TEXAS )
)
COUNTY OF ▇▇▇▇▇▇▇▇▇▇ )
Before me, the undersigned authority, on this date personally appeared
▇▇▇▇ ▇. Blacklaws, known to me to be the person whose name is subscribed to the
foregoing instrument, and acknowledged to me that he executed the same for the
purposes and consideration therein expressed.
Given under my hand and seal this 17th day of February, 1997.
------------------------ /s/ ▇▇▇▇▇▇ ▇. DAY
[SEAL] -----------------------------------
▇▇▇▇▇▇ ▇. DAY Notary Public in and for
MY COMMISSION EXPIRES The State of Texas
OCTOBER 12, 1999
------------------------ My Commission Expires: 10/12/99
