0000085408-05-000120 Sample Contracts

SALE AND PURCHASE AGREEMENT ROWAN-MIDLAND THIS AGREEMENT CONTAINS PROVISIONS RELATIVE TO INDEMNITY, RELEASE OF LIABILITY AND ALLOCATION OR RISK
Sale and Purchase Agreement • October 24th, 2005 • Rowan Companies Inc • Drilling oil & gas wells • Texas

This Sale and Purchase Agreement (the “Agreement”) is dated effective as of the 19th day of October, 2005 (the “Effective Date”) and is by and between Rowandrill, Inc., a corporation organized under the laws of Texas, located at 2800 Post Oak Blvd., Suite 5450, Houston, Texas 77056 (hereinafter “Seller”), and ATP Oil & Gas Corporation, a corporation organized under the laws of Texas, located at 4600 Post Oak Place, Suite 230, Houston, Texas 77027 (hereinafter “Buyer”).

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