January 8, 1997Restricted Stock Agreement • February 21st, 1997 • Ensco International Inc • Drilling oil & gas wells
Reference is made to that certain Restricted Stock Agreement dated May 31, 1988 by and between you and ENSCO International Incorporated (formerly Energy Service Company, Inc.), a Delaware corporation ( ENSCO ), as amended (collectively, the Agreement ). Under the terms of the Agreement you acquired 168,750 shares (the "Original Shares") of ENSCO common stock, par value $.10 per share ( Common Stock ), subject to a right of repurchase by ENSCO upon the occurrence of certain circumstances and under certain terms and conditions. You delivered to ENSCO a promissory note referred herein as the Promissory Note , dated July 19, 1988 in the aggregate principal amount of $675,000 in payment of the purchase price for the Original Shares.
