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EXHIBIT 10l
ROWAN COMPANIES, INC.
Amendment No. 2 to the Consultancy
Agreement Dated March 1, 0000
Xxxxxxx Xxxxx Companies, Inc.
and X. X. Xxxxxxxx
Effective April 1, 1995:
Section 2 of the Agreement, Duties of the Consultant, is amended by adding
an additional paragraph as follows:
(B) The Consultant also shall serve as a Director of XxXxxxxxxx, Inc. and
as Chairman of the Board of Directors of XxXxxxxxxx, Inc. and shall provide
such services as may be required, from time to time, in connection with
serving in such capacities.
(C) The Consultant shall provide advice as may be required for the design
and construction of the enhanced Gorilla design xxxx-up rig, designated
GORILLA V.
Section 4 of the Agreement, Consideration and Expenses, is hereby deleted
and the following is substituted therefor:
(A) The Company shall pay $150,000 annually (payable quarterly) plus the
per diem rate of US $500.00 for services rendered. Further, the Company
shall reimburse to the consultant all proper and reasonable out-of-pocket
expenses (including, but not limited to, all travel and accommodation
expenses).