0001558370-17-003099 Sample Contracts

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • April 28th, 2017 • Nabors Industries LTD • Drilling oil & gas wells • Delaware

This Restricted Stock Grant (“Restricted Stock Grant”) between Nabors Industries, Inc. (“NII”), acting on behalf of Nabors Industries Ltd. (“NIL” or the “Company”), and William Restrepo (“Grantee”), an Eligible Recipient, contains the terms and conditions under which the Compensation Committee of the Board (the “Committee”), has awarded to Grantee, as of [______] (the “Date of Grant”) and pursuant to the Nabors Industries Ltd. 2016 Stock Plan (“2016 Plan”), certain restricted Common Shares of the Company to incentivize Grantee to contribute to the success of the Company. The applicable terms of the 2016 Plan are incorporated in this Restricted Stock Grant by reference. Capitalized terms used but not defined herein shall have the meanings set forth in the 2016 Plan.

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NABORS INDUSTRIES, INC.,
Indenture • April 28th, 2017 • Nabors Industries LTD • Drilling oil & gas wells • New York

INDENTURE, dated as of January 13, 2017, among Nabors Industries, Inc., a Delaware corporation (the “Issuer”), Nabors Industries Ltd., a Bermuda exempted company (the “Guarantor” and, together with any other Person that Guarantees the Notes (as defined below) from time to time, the “Guarantors,”), Wilmington Trust, National Association, a national banking association, as trustee (the “Trustee”) and Citibank, N.A., as securities administrator (the “Securities Administrator”).

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • April 28th, 2017 • Nabors Industries LTD • Drilling oil & gas wells • Delaware

This Restricted Stock Grant ("Restricted Stock Grant") is effective the [__] day of [______] (“Date of Grant”) between Nabors Industries, Inc. ("NII"), acting on behalf of Nabors Industries Ltd. (“NIL” or the “Company”), and Anthony G. Petrello (the "Grantee").

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • April 28th, 2017 • Nabors Industries LTD • Drilling oil & gas wells • Delaware

This Restricted Stock Grant ("Restricted Stock Grant") is effective the [___] day of [______] (“Date of Grant”) between Nabors Industries, Inc. ("NII"), acting on behalf of Nabors Industries Ltd. (“NIL” or the “Company”), and William J. Restrepo (the "Grantee").

DEFERRED BONUS AGREEMENT
Deferred Bonus Agreement • April 28th, 2017 • Nabors Industries LTD • Drilling oil & gas wells • Texas

This Deferred Bonus Agreement (this “Agreement”) is made by and between [Insert applicable employing entity] (the “Company”) and [●] (“Employee”), effective as of [●] (the “Effective Date”). Each of Company and Employee is sometimes referred to herein as a “Party” and collectively as the “Parties.”

STOCK OPTION AGREEMENT
Stock Option Agreement • April 28th, 2017 • Nabors Industries LTD • Drilling oil & gas wells • New York

This Stock Option Agreement (“Agreement”) is effective the ______ day of______, 2017 (“Date of Grant”) between Nabors Industries, Inc. (“NII”), acting on behalf of Nabors Industries Ltd. (“NIL” or the “Company”) and at the request of a subsidiary of NIL (“Subsidiary”), and [insert employee’s name] (“Optionee”), an employee of Subsidiary.

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • April 28th, 2017 • Nabors Industries LTD • Drilling oil & gas wells • New York

This Restricted Stock Grant (“Grant”) is effective the _________ day of ________________, 2017 (“Date of Grant”) between Nabors Industries, Inc. (“NII”), acting on behalf of Nabors Industries Ltd. (“NIL”) and at the request of ________, a subsidiary of NIL (the “Subsidiary”) (collectively, the “Company”), and [insert employee’s name] ________ (the “Grantee”), an employee of Subsidiary.

STOCK OPTION AGREEMENT
Stock Option Agreement • April 28th, 2017 • Nabors Industries LTD • Drilling oil & gas wells

WHEREAS, the purpose of the Nabors Industries Ltd. 1999 Stock Option Plan for Non-Employee Directors (the “Plan”) is to promote the interests of the Company and its shareholders by strengthening the Company’s ability to attract and retain the services of experienced and knowledgeable directors and by encouraging such directors to acquire increased proprietary interest in the Company and

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