ADES International Holding Ltd. Unit 517, Floor 5, Index Tower DIFC, UAE, Dubai – PO Box: 507118 Attention: Dr. Mohamed FaroukSale and Purchase Agreement • February 15th, 2019 • Weatherford International PLC • Oil & gas field machinery & equipment
Reference is made to (i) that certain Sale and Purchase Agreement, dated as of July 11, 2018, by and between Weatherford Worldwide Holdings GmbH, a Swiss company with limited liability (“Seller”), and ADES International Holding Ltd., a Dubai International Financial Centre entity (“Purchaser”), pertaining to the purchase by Purchaser of certain land drilling rig assets and operations of Seller and its Affiliates in the Kingdom of Saudi Arabia (as amended, supplemented or modified from time to time, the “KSA Purchase Agreement”), (ii) that certain Sale and Purchase Agreement, dated as of July 11, 2018, by and between Seller and Purchaser pertaining to the purchase by Purchaser of certain land drilling rig assets and operations of Seller and its Affiliates in the Republic of Algeria and State of Kuwait, as amended by that certain side letter, dated October 31, 2018 (the “Side Letter”), (as may be further amended, supplemented or modified from time to time, the “AK Purchase Agreement”, and
ADES International Holding Ltd. Unit 517, Floor 5, Index Tower DIFC, UAE, Dubai – PO Box: 507118 Attention: Dr. Mohamed FaroukSale and Purchase Agreement • February 15th, 2019 • Weatherford International PLC • Oil & gas field machinery & equipment
Reference is made to that certain Sale and Purchase Agreement, dated as of July 11, 2018, by and between Weatherford Worldwide Holdings GmbH, a Swiss company with limited liability (“Seller”), and ADES International Holding Ltd., a Dubai International Financial Centre entity (“Purchaser”), pertaining to the purchase by Purchaser of certain land drilling rig assets and operations of Seller and its Affiliates in the People’s Democratic Republic of Algeria and the State of Kuwait (as amended, supplemented or modified from time to time, the “Purchase Agreement”). Capitalized terms used but not defined in this Agreement shall have the meanings set forth in the Purchase Agreement (as defined below).
