August 18, 2021 Gilles Luca Dear Gilles,Retention Award Agreement • February 22nd, 2022 • Valaris LTD • Drilling oil & gas wells
In recognition of your continued efforts and key role, Valaris Limited (“Valaris”) is pleased to award you a cash-based retention award in the aggregate amount of USD $1,500,000 (the “Retention Award”) subject to the terms and conditions set forth in this letter agreement (this “Agreement”).
EMPLOYMENT AGREEMENTEmployment Agreement • February 22nd, 2022 • Valaris LTD • Drilling oil & gas wells • Texas
This Employment Agreement (this “Agreement”), entered into effective as of December 8, 2021 (the “Effective Date”), is made by and among (i) Ensco Corporate Resources LLC (the “Employer”), (ii) Valaris Limited, a Bermuda exempted company (“Valaris”, and together with its subsidiaries, the “Company”) and (iii) Anton Dibowitz (“Executive”) (collectively referred to herein as the “Parties”).
SECOND SUPPLEMENTAL INDENTURESecond Supplemental Indenture • February 22nd, 2022 • Valaris LTD • Drilling oil & gas wells • New York
This SECOND SUPPLEMENTAL INDENTURE, dated as of January 12, 2022, (this “Supplemental Indenture”) is among Valaris Limited, an exempted company incorporated under the laws of Bermuda with registration number 56245, (the “Company”), Valaris United LLC, Delaware limited liability company and a subsidiary of the Company (the “Guaranteeing Subsidiary”) and Wilmington Savings Fund Society, FSB, as trustee and as first lien collateral agent (the “Trustee”).
January 10, 2022 Gilles Luca Dear Gilles,Retention Award • February 22nd, 2022 • Valaris LTD • Drilling oil & gas wells
You were previously awarded a cash-based retention award in the aggregate amount of USD $1,500,000 (the “Retention Award”) subject to the terms and conditions set forth in a letter agreement dated August 18, 2021 (the “Agreement”). This letter agreement revises the payment terms for the first installment of the Retention Award as set forth in the Agreement.
