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Terrell L.
Carr
Hercules Offshore, Inc.
9 Greenway Plaza, Suite 2200
Houston, Texas 77046
The Company
appreciates your willingness and offer to modify certain aspects of
your compensation arrangement as set forth in the following
paragraph of this letter. Please review this proposal and consider
it carefully. If you find the proposed modifications acceptable,
please signify your agreement by executing this letter in the space
provided below.
Reference is made
to that certain Executive Employment Agreement between you and
Hercules Offshore, Inc. (the “Company”), dated
effective as of December 15, 2008 (the “Employment
Agreement”). For good and valuable consideration provided by
each to the other, the sufficiency of which is hereby acknowledged,
you hereby agree with the Company to waive certain provisions of
your Employment Agreement in connection with the reduction of your
salary approved by the Company’s Compensati
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