0001193125-23-190490 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • July 20th, 2023 • Drilling Tools International Corp • Oil & gas field machinery & equipment • Texas

This Employment Agreement (this “Agreement”) dated as of September 1, 2013 (the “Effective Date”) is entered into between Directional Rentals, Inc., a Louisiana corporation (the “Company”), Robert Wayne Prejean (“Employee”) and, solely for purposes of Articles IV and V, Directional Rentals Holdings, Inc., a Delaware corporation (“Parent”).

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ASSIGNMENT AND ASSUMPTION AGREEMENT
Assignment and Assumption Agreement • July 20th, 2023 • Drilling Tools International Corp • Oil & gas field machinery & equipment

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”) is made and entered into as of June 20, 2023 (the “Effective Date”), between Drilling Tools International Holdings, Inc., a Delaware corporation (f/k/a Directional Rentals Holdings, Inc.) (“Assignor”), and Drilling Tools International Corporation, a Delaware corporation (f/k/a ROC Energy Acquisition Corp.) (“Assignee”).

FIRST AMENDMENT TO MONITORING AND OVERSIGHT AGREEMENT
Monitoring and Oversight Agreement • July 20th, 2023 • Drilling Tools International Corp • Oil & gas field machinery & equipment

This FIRST AMENDMENT TO MONITORING AND OVERSIGHT AGREEMENT (this “Amendment”) is made and entered into as of February 13, 2023, between Drilling Tools International Holdings, Inc., a Delaware corporation (f/k/a Directional Rentals Holdings, Inc., together with its successors, the “Company”), and Hicks Holdings Operating LLC, a Texas limited liability company (together with its successors, “Monitor”).

MONITORING AND OVERSIGHT AGREEMENT
Monitoring and Oversight Agreement • July 20th, 2023 • Drilling Tools International Corp • Oil & gas field machinery & equipment • Texas

This MONITORING AND OVERSIGHT AGREEMENT (this “Agreement”) is made and entered into effective as of January 27, 2012, between Directional Rentals Holdings, Inc., a Delaware corporation (together with its successors, the “Company”), and Hicks Holdings Operating LLC, a Texas limited liability company (together with its successors, “Monitor”).

AMENDMENT TO THE EMPLOYMENT AGREEMENT by and between DRILLING TOOLS INTERNATIONAL, INC. AND WAYNE PREJEAN
Employment Agreement • July 20th, 2023 • Drilling Tools International Corp • Oil & gas field machinery & equipment

WHEREAS, Drilling Tools International, Inc., a Louisiana corporation (the “Company”), and Wayne Prejean (the “Employee”) have entered into that certain Employment Agreement effective as of April 1, 2017 (the “Agreement”); and

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