STEEL PARTNERS II, L.P.Indemnification Agreement • January 9th, 2008 • Steel Partners Ii Lp • Drilling oil & gas wells
Thank you for agreeing to serve as a nominee for election to the Board of Directors of Rowan Companies, Inc. (“Rowan”) in connection with the proxy solicitation that Steel Partners II, L.P. (“Steel”) and its affiliates are considering undertaking to nominate and elect directors at Rowan’s 2008 annual meeting of stockholders, or any other meeting of stockholders held in lieu thereof, and any adjournments, postponements, reschedulings or continuations thereof (the “Steel Solicitation”). Your outstanding qualifications, we believe, will prove a valuable asset to Rowan and all of its stockholders. This letter will set forth the terms of our agreement.
JOINT FILING AND SOLICITATION AGREEMENTJoint Filing and Solicitation Agreement • January 9th, 2008 • Steel Partners Ii Lp • Drilling oil & gas wells
WHEREAS, certain of the undersigned are stockholders, direct or beneficial, of Rowan Companies, Inc., a Delaware corporation (“Rowan”);
