TO: FROM:Option Grant • May 3rd, 2013 • Atwood Oceanics Inc • Drilling oil & gas wells • Texas
Atwood Oceanics, Inc. (the “Company”) hereby grants to you, the right and option to purchase, on the terms and conditions hereinafter set forth in Appendix A (the “Terms and Conditions”), all or any part of an aggregate of ___________ shares of the Common Stock, $1.00 par value, of the Company at the exercise price of ________ per share (the “Options”), subject to adjustment as provided in Section 11 of the Atwood Oceanics, Inc. 2013 Long-Term Incentive Plan (the “Plan”), effective as of _____________, 201__ (the “Date of Grant”), exercisable from time to time, subject to the Terms and Conditions during a period expiring at the close of business on the ten (10) year anniversary of the Date of Grant (the “Expiration Date”).
