July 2, 2019Letter Agreement • July 8th, 2019 • Newpark Resources Inc • Oil & gas field machinery & equipment • Delaware
This letter (the “Agreement”) dated July 2, 2019 and effective July 15, 2019 sets forth the understanding between you and Newpark concerning the continuation of your appointment as Vice President and President Fluids Systems of Newpark in connection with a “Change in Control” or “Potential Change in Control” and the “Termination Benefit” you will receive if your employment with Newpark or any member of the Newpark Group is “Terminated” by Newpark or any member of the Newpark Group without “Cause” or by you for “Good Reason” during an “Employment Period,” as those terms are defined in Annex A attached to this letter.
CONSULTING SERVICES AGREEMENTConsulting Services Agreement • July 8th, 2019 • Newpark Resources Inc • Oil & gas field machinery & equipment • Texas
This Consulting Services Agreement (“Agreement”) is entered into this 2nd day of July 2019 with an anticipated effective date of July 15, 2019 (the “Effective Date”) between Bruce C. Smith (“Consultant”) and NEWPARK RESOURCES, INC. (“Company”).
CONFIDENTIALITY AND NON-COMPETITION AGREEMENTConfidentiality and Non-Competition Agreement • July 8th, 2019 • Newpark Resources Inc • Oil & gas field machinery & equipment • Texas
THIS CONFIDENTIALITY AND NON-COMPETITION AGREEMENT (“Agreement”) dated July 2, 2019 and effective July 15, 2019 (the “Effective Date”) is entered into by Newpark Resources, Inc. (the “Company”), a Delaware corporation, and David Paterson (the “Executive”) and is intended to incorporate and accurately reflect all prior negotiations, discussions, or agreements between the Parties. Executive and the Company may sometimes be referenced herein individually as “Party” or together as the “Parties.”
RETIREMENT AND RESTRICTIVE COVENANT AGREEMENT AND GENERAL RELEASERetirement and Restrictive Covenant Agreement • July 8th, 2019 • Newpark Resources Inc • Oil & gas field machinery & equipment • Texas
This Retirement and Restrictive Covenant Agreement and General Release (“Agreement”) is entered into by and between Newpark Resources, Inc. (“Company”) and Bruce C. Smith (“Participant”) on July 2, 2019 with an effective date of July 15, 2019. All capitalized terms not otherwise defined in this Agreement shall have the meaning ascribed to them in that certain Newpark Resources, Inc. Amended and Restated Retirement Policy, approved and adopted April 6, 2015, amended as of February 19, 2019 (the “Program”).
July 2, 2019Newpark Resources Inc • July 8th, 2019 • Oil & gas field machinery & equipment • Texas
This letter, when countersigned, will serve as the agreement (“Letter Agreement”) between David Paterson (“Mr. Paterson”) and Newpark Resources, Inc. (“Newpark”) with respect to the matters herein described.
EMPLOYMENT CONTRACT Between Mr. David Paterson, a UK citizen born in [*] on the [*] and residing at [*]. (hereinafter, the "Executive") And Newpark Drilling Fluids S.p.A., with registered offices in Rome (RM), Italy at Via Salaria 1313/C, VAT code...Newpark Resources Inc • July 8th, 2019 • Oil & gas field machinery & equipment
