OFFSHORE DRILLING CONTRACT BETWEEN CIE ANGOLA BLOCK 21 LTD. (“OPERATOR”) AND UNIVERSAL ENERGY RESOURCES INC. (“CONTRACTOR”) FOR THE NEWBUILD SEMI- SUBMERSIBLE DRILLING RIG SSV CATARINA (THE “RIG”) DATED July 30, 2012Offshore Drilling Contract • October 30th, 2012 • Cobalt International Energy, Inc. • Crude petroleum & natural gas • England and Wales
THIS OFFSHORE DRILLING CONTRACT (this “Drilling Contract”) is made and entered into as of this 30th day of July, 2012 (the “Effective Date”), by and between CIE Angola Block 21 Ltd., a company organized and existing under the laws of the Cayman Islands, having offices at Cobalt Center, 920 Memorial City Way, Suite 100, Houston, Texas 77024 (“Operator”), and Universal Energy Resources Inc., a company organized and existing under the laws of the British Virgin Islands, having offices at 325 Waterfront Drive, P.O. Box 985, Wickham’s Cay, Road Town, Tortola, British Virgin Islands (“Contractor”). Operator and Contractor may hereinafter be referred to individually as a “Party” or collectively as the “Parties”.
