Amendment to Employment Agreement Between Superior Well Services, Inc. and Dave Wallace (Salary Reduction)

Summary

Superior Well Services, Inc. and Dave Wallace have agreed to amend Mr. Wallace's Employment Agreement, originally signed on September 15, 2008. Mr. Wallace voluntarily accepts a 15% reduction in his annual base salary, setting it at $433,500. The agreement confirms that this salary reduction is voluntary and will not be considered a change in terms of service under the original employment contract. Both parties have signed the amendment, which is effective as of April 17, 2009.

EX-10.1 2 l36437aexv10w1.htm EX-10.1 EX-10.1

Exhibit 10.1



		Superior Well Services, Inc.. 1380 RT 286 East Suite #121 Indiana, PA 15701 Telephone ###-###-####

April 17, 2009

Mr. Dave Wallace
1380 Rt. 286 East, Suite 121
Indiana, PA 15701

Dear Dave:

This letter is to memorialize our agreement that you have volunteered to reduce your annualized base salary by 15%, to $433,500. This agreement will constitute an amendment to your Employment Agreement which was executed by you on September 15, 2008 (the “Employment Agreement”). You explicitly acknowledge and agree that the reduction in your base salary has been completely voluntary and will not be considered a “Change in Terms of Service,” as defined in the Employment Agreement.

Thank you for your continued service to Superior Well Services.


		Sincerely,

		/s/ Thomas Stoelk
ACCEPTED AND AGREED:

/s/ Dave Wallace

April 17, 2009