0001144204-09-055865 Sample Contracts

INDEMNIFICATION AGREEMENT
Indemnification Agreement • November 2nd, 2009 • Rowan Companies Inc • Drilling oil & gas wells • Delaware

THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is effective as of , 2009 by and among Rowan Companies, Inc., a Delaware corporation (the “Company”), and __________________ (the “Indemnitee”).

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AMENDMENT TO AMENDED AND RESTATED RIGHTS AGREEMENT
Rights Agreement • November 2nd, 2009 • Rowan Companies Inc • Drilling oil & gas wells • Delaware

AMENDMENT, dated as of October 30, 2009 (this “Amendment”), to the Amended and Restated Rights Agreement, dated as of January 24, 2002, as amended (the “Rights Agreement”), by and between Rowan Companies, Inc., a Delaware corporation (the “Company”), and Wells Fargo Bank, National Association, as rights agent (the “Rights Agent”). Capitalized terms used in this Amendment but not otherwise defined herein shall have the meanings ascribed to such terms in the Rights Agreement, as amended hereby.

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