UNDERWRITING AGREEMENTUnderwriting Agreement • January 20th, 2006 • Parker Drilling Co /De/ • Drilling oil & gas wells • New York
Parker Drilling Company, a Delaware corporation (the “Company”), proposes to sell 8,900,000 shares (the “Firm Stock”) of the Company’s common stock, par value $0.16? per share (the “Common Stock”). In addition, the Company proposes to grant to you as underwriter (the “Underwriter”) an option to purchase up to 1,335,000 additional shares of the Common Stock (the “Option Stock”) on the terms set forth in Section 2 of this agreement (this “Agreement”). The Firm Stock and the Option Stock, if purchased, are hereinafter collectively called the “Stock.” This is to confirm the agreement concerning the purchase of the Stock from the Company by the Underwriter.
