There is no written employment contract between Mr. Piontek and Newpark which guarantees Mr. Piontek's term of employment, salary or other incentives, all of which are entirely at the discretion of the Board of Directors. Mr. Piontek is eligible to participate in Newpark's incentive compensation plan and he is also eligible to receive annual stock options and performance-based awards under Newpark's stock incentive plan as determined in the discretion of the Compensation Committee. Mr. Piontek is also eligible to participate in Newpark's broad-based benefit programs generally available to its salaried employees, including health, life, disability and other insurance and benefits, 401(k) Plan, vacation, paid sick leave and other employee benefits.

There is no other arrangement or understanding between Mr. Piontek and any other person pursuant to which he was selected as an officer. Mr. Piontek has no family relationship to any other executive officer or director of Newpark.

Eric Wingerter, who formerly served in this position, was named as Assistant Controller effective as of April 2, 2007 and will serve in this capacity until his departure from Newpark in May, 2007.