ECO-STIM ENERGY SOLUTIONS, INC. (NASDAQ:ESES) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
On August 18, 2017, Eco-Stim Energy Solutions, Inc. (the “Company”), with the approval of its Board of Directors, entered into indemnification agreements with each of Andrew Colvin, David Proman, Don Stoltz, and Andrew Teno (the “Indemnification Agreements”) in connection with their role as members of the Board of Directors. These agreements require the Company to indemnify these individuals to the fullest extent permitted by applicable law against liability that may arise by reason of their service to the Company and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified. A copy of the Form of Indemnification Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K.
The other members of the Board of Directors, J. Christopher Boswell, Bjarte Bruheim, and Chris Krummel, who each executed an Indemnification Agreement, dated as of October 1, 2014 (the “Existing Indemnification Agreement”), each executed an amended and restated Indemnification Agreement that replaced and superseded their respective Existing Indemnification Agreement in its entirety. Each such amended and restated Indemnification Agreement is in substantially the form provided as Exhibit 10.1 to this Current Report on Form 8-K.
The foregoing description is qualified in its entirety by reference to the full text of the Form of Indemnification Agreement, which is attached as an exhibit hereto and incorporated in this Item 1.01 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
|
Exhibit No. |
Description |
| 10.1 | Form of Indemnification Agreement between the Company and its directors and officers. |
Eco-Stim Energy Solutions, Inc. ExhibitEX-10.1 2 ex10-1.htm Exhibit 10.1 [AMENDED AND RESTATED] INDEMNIFICATION AGREEMENT This [Amended and Restated] Indemnification Agreement (“Agreement”) is made and entered into as of the day of _________,…To view the full exhibit click here
About ECO-STIM ENERGY SOLUTIONS, INC. (NASDAQ:ESES)
Eco-Stim Energy Solutions, Inc. is an oilfield services company. The Company provides well stimulation, coiled tubing and field management services to the upstream oil and gas industry. The Company focuses on the active shale and unconventional oil and natural gas basins outside the United States and it has commenced operations in Argentina. The Company operates well stimulation fleets, coiled tubing units and other downhole completion equipment, as well as provides sweet spot analysis in shale resource basins using geophysical predictive modeling combined with real-time feedback from down-hole diagnostic tools. The Company offers a pumping fleet, including well-stimulation pumps, nitrogen pumping units and cranes, in both trailer-mounted and skid-mounted configurations. It provides a range of pressure-pumping services, including work-over pumping, well injection and wireline pump downs.
