PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • December 2nd, 2016 • Hercules Offshore, Inc. • Drilling oil & gas wells • London
THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and entered into effective as of this 2nd day of December, 2016, by and between Hercules British Offshore Limited, a company organized under the laws of England and Wales, with its registered office at Ince & Co LLP, Aldgate Tower, 2 Leman Street, London, England E1 8QN (“Seller”), and Magni Drilling Limited, a company incorporated in Bermuda, with its office at Mintflower Place, 4th Floor, 8 Par-la-Ville Road, Hamilton, Bermuda HM08 (“Buyer”). Buyer and Seller may be referred to herein individually as a “Party” and collectively as the “Parties”. For purposes of this Agreement, the term “Affiliates” shall mean with respect to either Party hereto, any other company or legal entity which (i) is owned or controlled by such Party, (ii) owns or controls such Party, or (iii) is under common ownership or control of such Party.
