SECOND AMENDMENT TO STOCKHOLDERS AGREEMENT
SUPERIOR ENERGY SERVICES, INC.
THIS SECOND AMENDMENT TO STOCKHOLDERS AGREEMENT, dated as of May 31, 2021 (this Amendment), to that certain Stockholders Agreement, dated as of February 2, 2021 (as amended by the First Amendment thereto, the Stockholders Agreement), by and among Superior Energy Services, Inc., a Delaware corporation (the Company), and the Stockholders (as defined therein), is made by and among the Company and the Stockholders party hereto but binding and effective against all Stockholders in accordance with the terms of the Stockholders Agreement. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Stockholders Agreement.
WHEREAS, the Company and the Stockholders desire to amend the Stockholders Agreement;
WHEREAS, pursuant to Section 6.06 of the Stockholders Agreement, no amendment or modification of the Stockholders Agreement is valid unless executed in writing by the Company and the Stockholders (together with their Related Persons) holding at least a majority of the Aggregate Common Stock;
WHEREAS, the undersigned Stockholders constitute Stockholders (together with their Related Persons) holding at least a majority of the Aggregate Common Stock; and
WHEREAS, this Amendment does not adversely affect any Stockholder in a manner disproportionate to the manner in which it affects other Stockholders.
NOW, THEREFORE, the Stockholders Agreement is amended as hereinafter set forth:
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AMENDMENT TO STOCKHOLDERS AGREEMENT.
Section 5.01 shall be amended by adding subsection (c) as follows:
(c) Notwithstanding anything to the contrary in Section 5.1 (a), the unaudited consolidated quarterly financial statements for the quarter ended March 31, 2021 (Q1 10-Q) shall be provided by the Company to each Stockholder no later than July 15, 2021, and the Company will hold a quarterly earnings call with all stockholders of the Corporation as promptly as reasonably practicable after the distribution of the Q1 10-Q.
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(a) Ratification. Except as expressly modified or amended by this Amendment, all of the provisions of the Stockholders Agreement shall remain unmodified and in full force and effect.
(b) Entire Agreement. This Amendment, the Stockholders Agreement, the other Organizational Documents, the Plan of Reorganization and any other documents expressly referred