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

Summary

Superior Well Services, Inc. and Rhys Reese have agreed to amend Mr. Reese's Employment Agreement, originally signed on September 15, 2008. Mr. Reese voluntarily accepts a 15% reduction in his annual base salary, setting it at $272,000. 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 acknowledged and accepted these terms as of April 17, 2009.

EX-10.3 4 l36437aexv10w3.htm EX-10.3 EX-10.3

Exhibit 10.3



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

April 17, 2009

Mr. Rhys Reese
1380 Rt. 286 East, Suite 121
Indiana, PA 15701

Dear Rhys:

This letter is to memorialize our agreement that you have volunteered to reduce your annualized base salary by 15%, to $272,000. 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/ Dave Wallace
ACCEPTED AND AGREED:

/s/ Rhys Reese

April 17, 2009