0000950129-09-000038 Sample Contracts

FIFTH AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • January 7th, 2009 • Nabors Industries LTD • Drilling oil & gas wells

This Fifth Amendment to Amended and Restated Employment Agreement (this “Amendment”), dated as of the 31st day of December 2008, is entered into by and among Nabors Industries, Inc. (“Nabors Delaware”), Nabors Industries Ltd. (“Nabors Bermuda” and together with Nabors Delaware, “Nabors”), and Eugene M. Isenberg (“Executive”). Each of Nabors Delaware, Nabors Bermuda and Executive are referred to herein individually as a “Party” and collectively as the “Parties.” Capitalized terms not otherwise defined in this Amendment shall have the meaning set forth in the Employment Agreement (as defined below).

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FOURTH AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • January 7th, 2009 • Nabors Industries LTD • Drilling oil & gas wells

This Fourth Amendment to Amended and Restated Employment Agreement (this “Amendment”), dated as of the 31st day of December, 2008, is entered into by and among Nabors Industries, Inc. (“Nabors Delaware”), Nabors Industries Ltd. (“Nabors Bermuda” and together with Nabors Delaware, “Nabors”), and Anthony G. Petrello (“Executive”). Each of Nabors Delaware, Nabors Bermuda and Executive are referred to herein individually as a “Party” and collectively as the “Parties.” Capitalized terms not otherwise defined in this Amendment shall have the meaning set forth in the Employment Agreement (as defined below).

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