AMENDMENT TO MANAGEMENT SERVICE AGREEMENT
Exhibit 10.4
AMENDMENT TO MANAGEMENT SERVICE AGREEMENT
This Amendment to Management Service Agreement (this “Amendment”), is entered into effective August 5, 2010, (the “Effective Date”), by and between VIKING DRLILLING, LLC, a Nevada limited liability company (“Viking”), whose address is 0000 Xxxxxxxxxx Xxxxxxx, Xxxxx 000, Xxxxxxxx Xxxx, Xxxxxxxx 00000, and VIKING INTERNATIONAL LIMITED, a Bermuda company (“VIL”), whose registered address is Canon’s Court, 00 Xxxxxxxx Xxxxxx, Xxxxxxxx XX 12 Bermuda.
1. Section 3 of the Service Agreement is deleted in its entirety and replaced with the following:
“Payment. In consideration of the provision of Services under this Agreement, VIL shall be entitled to payment from Viking for all actual costs and expenses associated with the provision of Services. In addition, VIL shall be entitled to a monthly management fee equal to seven percent (7.0%) of the total amount invoiced for direct labor costs for employees of VIL providing Services pursuant to this Agreement. Viking shall pay all invoices within thirty (30) days of receipt unless Viking has disputed an invoice in writing. In the event of a dispute, the parties shall work in good faith to resolve such dispute.”
2. Section 5 of the Service Agreement is hereby deleted in its entirety and all sections subsequent to Section 4 are renumbered accordingly.
3. Except as modified and amended hereby, the Parties acknowledge and agree that the Service Agreement remains in full force and effect.
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VIL:
Viking International Limited | ||
By: | /s/ Xxxxxxx X. Xxxxx | |
Name: | Xxxxxxx X. Xxxxx | |
Its: | Vice President |
VIKING:
Viking Drilling, LLC | ||
By: | /s/ N. Xxxxxx Xxxxxxxx, 3rd | |
Name: | N. Xxxxxx Xxxxxxxx, 3rd | |
Its: | Manager |
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