REGISTRATION RIGHTS AGREEMENT Dated as of May 23, 2006 By and Among NABORS INDUSTRIES, INC., as Issuer, NABORS INDUSTRIES LTD. as Guarantor and as Initial Purchasers 0.94% Senior Exchangeable Notes Due 2011Registration Rights Agreement • May 24th, 2006 • Nabors Industries LTD • Drilling oil & gas wells • New York
This Agreement is entered into in connection with the Purchase Agreement, dated May 18, 2006 (as it may be amended from time to time, the “Purchase Agreement”), by and among the Company, the Guarantor and the Initial Purchasers, which provides for the sale by the Company to the Initial Purchasers of $2,500,000,000 aggregate principal amount of the Company’s 0.94% Senior Exchangeable Notes Due 2011 (the “Firm Notes”), which are exchangeable into common shares of the Guarantor, par value $0.001 per share (the “Underlying Shares”), plus up to an additional $250,000,000 aggregate principal amount of 0.94% Senior Exchangeable Notes Due 2011, which the Initial Purchasers may subsequently elect to purchase pursuant to the terms of the Purchase Agreement (the “Additional Notes” and together with the Firm Notes and the related Guarantees (as defined below), the “Notes”). The Notes are being issued pursuant to an indenture dated as of the date hereof (the “Indenture”), to be entered into among t
NABORS INDUSTRIES, INC.Purchase Agreement • May 24th, 2006 • Nabors Industries LTD • Drilling oil & gas wells • New York
Nabors Industries, Inc., a Delaware corporation (the “Company”), proposes to issue and sell to the several initial purchasers named in Schedule A hereto (the “Initial Purchasers”) $2,500,000,000 principal amount of its 0.94% Exchangeable Notes Due 2011 (the “Firm Notes”) to be issued pursuant to the provisions of an Indenture to be dated as of May 23, 2006 (the “Indenture”) among the Company, the Guarantor (as defined below) and Wells Fargo Bank, National Association as Trustee (the “Trustee”). The Company also proposes to issue and sell to the several Initial Purchasers not more than an additional $250,000,000 principal amount of its 0.94% Senior Exchangeable Notes Due 2011, solely to cover over-allotments (the “Additional Notes”) if and to the extent the Initial Purchasers elect to exercise the right to purchase such Additional Notes granted to the Initial Purchasers in Section 2 hereof. The Firm Notes and the Additional Notes, together with the Guarantees (as defined below) are here
