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Risks

• Downturns in the oil and gas industry, or in the oilfield services business, may have a material adverse effect on our financial condition or results of operations.
• Changes in macro-economic factors impacting the oil and gas industry may negatively affect our ability to accurately predict client demand, which could cause us to hold excess or obsolete inventory and experience a reduction in gross margins and financial results.
• We depend on the results of our international operations, which expose us to risks inherent in doing business abroad.
• Our results of operations may be adversely affected because our efforts to comply with applicable anti-corruption laws such as the United States' Foreign Corrupt Practices Act (the "FCPA") and the United Kingdom's Anti-Bribery Act (the "ABA") could restrict our ability to do business in foreign markets relative to our competitors who are not subject to these laws.
• Because we are a Netherlands company, it may be difficult for you to take legal action against our supervisory directors or us and it may not be possible to obtain or enforce judgments against us.
• If we are not able to develop or acquire new products or our products become technologically obsolete, our results of operations may be adversely affected.
• If we are unable to obtain patents, licenses and other intellectual property rights covering our services and products, our operating results may be adversely affected.
• Our operations are subject to the risk of cyber-attacks that could have a material adverse effect on our consolidated results of operations and consolidated financial condition.
• We are subject to the risk of supplier concentration.
• There are risks relating to our acquisition strategy. If we are unable to successfully integrate and manage businesses that we have acquired and any businesses acquired in the future, our results of operations and financial condition could be adversely affected.
• We may be unable to attract and retain skilled and technically knowledgeable employees, which could adversely affect our business.
• We require a significant amount of cash to service our indebtedness, make capital expenditures, fund our working capital requirements and pay our dividend, and our ability to generate cash may depend on factors beyond our control.
• We are subject to a variety of environmental and occupational safety and health laws and regulations, which may result in increased costs and significant liability to our business.