August 5, 1997 Mr. Erland Bassoe Bassoe Rig Partners Ltd. 2000 West Loop South, Suite 2110 Houston, Texas 77027 Re: Brokerage Arrangement Dear Erland: In consideration for Bassoe Rig Partners Ltd. ("Bassoe") providing brokerage services in connection...Brokerage Arrangement • June 15th, 2000 • Chiles Offshore LLC • Oil & gas field machinery & equipment
In consideration for Bassoe Rig Partners Ltd. ("Bassoe") providing brokerage services in connection with the contract between Chiles Offshore LLC ("Chiles Offshore") and Amfels, Inc. ("Amfels") for the construction of a LeTourneau Enhanced 116-C Jack-Up Drilling Rig and a LeTourneau Super 116 Jack-Up Drilling Rig (the "Rigs"), Bassoe will receive a brokerage fee of $505,000 on each of the Rigs payable upon delivery of each of the Rigs. Such brokerage fees will be included in the cost of the Rigs chargeable by Amfels. In addition, in consideration for Bassoe's services in future rig transactions, Chiles Offshore agrees that Bassoe shall be the exclusive broker for Chiles Offshore, and the two limited partnerships that will be formed to own the Rigs, on any future rig transactions to the extent that the services of a ship broker are used, and so long as Bassoe's fees are not in excess of market brokerage rates charged by unrelated third parties for comparable transactions.
