AMENDMENT TO STOCK OPTION AGREEMENT(S) AND AGREEMENT TO MAKE CASH PAYMENTStock Option Agreement • November 29th, 2007 • Nabors Industries LTD • Drilling oil & gas wells
This Amendment to Stock Option Agreement(s) and Agreement to Make Cash Payment (the “Agreement”) is between Nabors Industries Ltd. (the “Company”) and (“Optionee”).
NABORS INDUSTRIES LTD. OFFER TO AMEND THE EXERCISE PRICE OF CERTAIN OPTIONS ELECTION AGREEMENT TERMS AND CONDITIONSElection Agreement • November 29th, 2007 • Nabors Industries LTD • Drilling oil & gas wells • Delaware
In order to participate in the offer, a properly completed and submitted Election Agreement must be received by the Company via e-mail on or before 12:00 midnight, Eastern Time, on December 28, 2007 (referred to as the “expiration date”). If the offer period is extended, the new time of the offer’s expiration will be the “expiration date”. If we extend the offer, you may elect to participate in the offer at any time until the extended expiration date. This is an all or nothing offer, which means that if you participate, you must participate with respect to all of your Eligible Options (as defined in the Offer to Amend the Exercise Price of Certain Options (the “Offer to Amend”. If you have exercised a portion of an Eligible Option grant, your election will apply to the portion that remains outstanding and unexercised at the time the offer expires.
