FIRST AMENDMENT TO UNION DRILLING, INC. 2005 STOCK OPTION PLAN AND ITS ACCOMPANYING FORM OF STOCK OPTION AGREEMENTFirst Amendment to Stock Option Plan • November 30th, 2007 • Union Drilling Inc • Drilling oil & gas wells
This First Amendment (the “First Amendment”) to each of the Union Drilling, Inc. 2005 Stock Option Plan and its accompanying Form of Stock Option Agreement, entered into to be effective as of November 27, 2007 (the “Effective Date”), amends each of that certain 2005 Stock Option Plan and Form of Stock Option Agreement, adopted as of August 3, 2005 (the “Plan”) by Union Drilling, Inc. (the “Company”) and that certain Form of Stock Option Agreement accompanying the Plan (the “Agreement”).
