pride international, inc. employment / non - competition / confidentiality agreement carlos etcheverry pride international, inc. employment / non - competition / confidentiality agreement carlos etcheverry employment / non - competition / confidentiality agreement carlos etcheverry carlos etcheverry employment / non - competition / confidentiality agreement date : the date of execution set forth below. company / employer : pride international, inc., a delaware corporation 5847 san felipe, suite 3300 houston, texas 77057 employee : carlos etcheverryviamonte 1133 — 7th pisa 1053 n capital federal argentina this employment / non - competition / confidentiality agreement by and between pride international, inc. ( the “ company ” and as further defined below ) and carlos etcheverry ( “ employee ” ), effective as of the date fully executed by both parties as set forth on the signature page below ( the “ agreement ” ), is made on the terms as herein provided. preamble whereas, the company wishes to attract and retain well - qualified employees and key personnel and to assure itself of the continuity of its management ; whereas, the company recognizes that employee will serve as a valuable resource of the company, and the company desires to be assured of the continued services of employee ; whereas, the company desires to obtain assurances that employee will devote his best efforts to his employment with the company and will not enter into competition with the company in its business as now conducted and to be conducted, or solicit customers or other employees of the company to terminate their relationships with the company ; whereas, employee will serve as a key employee of the company, and he acknowledges that his talents and services to the company are of a special, unique, unusual and extraordinary character and are of particular and peculiar benefit and importance to the company ; whereas, the company is concerned that in the event of a possible or threatened change in control ( as defined below ) of the company, employee may feel insecure, and therefore the company desires to provide security to employee in the event of a change in control ; whereas, the company further desires to assure employee that if a possible or threatened change in control should arise and employee should be involved in deliberations or employment / non - competition / confidentiality agreement date : the date of execution set forth below. company / employer : pride international, inc., a delaware corporation 5847 san felipe, suite 3300 houston, texas 77057 employee :