Common use of Director and Officer Liability Insurance Clause in Contracts

Director and Officer Liability Insurance. 3. Voluntary annual physicals at the Executive’s option while employed, with a report by the examining physician to the Board regarding the Executive’s ability to perform job related functions. EXHIBIT B Definition of “Change in Control” of the Parent The occurrence of any of the following shall constitute a “Change in Control” of Key Energy Services, Inc. (hereinafter, the “Company”):

Director and Officer Liability Insurance. 35. Voluntary annual physicals at the Executive’s option while employed's option, with a report by the examining physician to the Board regarding the Executive’s 's ability to perform job related functions. EXHIBIT B Definition of “Change in Control” of the Parent DEFINITION OF "CHANGE IN CONTROL" The occurrence of any of the following shall constitute a “"Change in Control” " of Key Energy Services, Inc. (hereinafter, the “Company”)::

Director and Officer Liability Insurance. 3. Voluntary annual physicals at the Executive’s option while employed, with a report by the examining physician physician, if requested, to the Board regarding the Executive’s ability to perform job related functions. EXHIBIT B Definition of “Change in Control” of the Parent The occurrence of any of the following shall constitute a “Change in Control” of Key Energy Services, Inc. (hereinafter, referred to herein in Exhibit B as the “Company”):

Director and Officer Liability Insurance. 3. Voluntary annual physicals at the Executive’s option while employed, with a report by the examining physician physician, if requested, to the Board regarding the Executive’s ability to perform job related functions. EXHIBIT B Definition of “Change in Control” of the Parent The occurrence of any of the following shall constitute a “Change in Control” of Key Energy Services, Inc. (hereinafter, the “Company”)::

Director and Officer Liability Insurance. 3. Voluntary annual physicals at the Executive’s option while employed, with a report by the examining physician physician, if requested, to the Board regarding the Executive’s ability to perform job related functions. Amended and Restated Employment Agreement of Xxxxxxxx X. Xxxx EXHIBIT B Definition of “Change in Control” of the Parent The occurrence of any of the following shall constitute a “Change in Control” of Key Energy Services, Inc. (hereinafter, referred to herein in Exhibit B as the “Company”):

Director and Officer Liability Insurance. 35. Voluntary annual physicals at the Executive’s option while employed's option, with a report by the examining physician to the Board regarding the Executive’s 's ability to perform job related functions. EXHIBIT B Definition of “"Change in Control” of the Parent " The occurrence of any of the following shall constitute a “"Change in Control” " of Key Energy Services, Inc. (hereinafter, the “Company”)::

Director and Officer Liability Insurance. 35. Voluntary annual physicals at the Executive’s option while employed, with a report by the examining physician to the Board regarding the Executive’s ability to perform job related functions. EXHIBIT B C Definition of “Change in Control” of the Parent The occurrence of any of the following shall constitute a “Change in Control” of Key Energy Services, Inc. (hereinafter, the “Company”):

Director and Officer Liability Insurance. 3. Voluntary annual physicals at the Executive’s option while employed, with a report by the examining physician to the Board regarding the Executive’s ability to perform job related functions. EXHIBIT B Definition of “Change in Control” of the Parent The occurrence of any of the following shall constitute a “Change in Control” of Key Energy Services, Inc. (hereinafter, the “Company”)::