Trend Drilling Co Sample Contracts

Trend Drilling Co – REGISTRATION RIGHTS AGREEMENT (July 22nd, 1998)

1 EXHIBIT 4.3 ================================================================================ A/B EXCHANGE REGISTRATION RIGHTS AGREEMENT Dated as of June 26, 1998 by and among Bayard Drilling Technologies, Inc. Bayard Drilling, L.L.C. Bayard Drilling, L.P. Bonray Drilling Corporation Trend Drilling Co. and Donaldson, Lufkin & Jenrette Securities Corporation BT Alex. Brown Dain Rauscher Wessels Lehman Brothers Inc. =======================================================================

Trend Drilling Co – STOCKHOLDERS AND VOTING AGREEMENT (July 22nd, 1998)

1 Exhibit 10.32 WAIVER OF CERTAIN RIGHTS UNDER SECOND AMENDED AND RESTATED STOCKHOLDERS AND VOTING AGREEMENT THIS WAIVER OF CERTAIN RIGHTS UNDER SECOND AMENDED AND RESTATED STOCKHOLDERS AND VOTING AGREEMENT is dated June 2, 1998. Capitalized terms used herein but not defined herein have the meanings assigned to such terms in the Stockholders Agreement. WHEREAS, as a result of the consummation of the DLB Distribution (as defined in the Stockholders Agreement), on or about April 28, 1998, the Persons comprising the DLB Group (consisting of Charles E. Davidson, Mark Liddell and Mike Liddell), acquired certain shares of common stock, par value $0.01 per share ("Common Stock"), of the Company previously held by Bonray Holding, L.L.C., a Delaware limited liability company and subsidiary of DLB Oil & Gas, Inc., an

Trend Drilling Co – SECOND AMENDED AND RESTATED LOAN AGREEMENT (July 22nd, 1998)

1 EXHIBIT 10.14 SECOND AMENDED AND RESTATED LOAN AGREEMENT AMONG THE CIT GROUP/EQUIPMENT FINANCING, INC. AND FLEET CAPITAL CORPORATION AS LENDERS, AND BAYARD DRILLING TECHNOLOGIES, INC., AS BORROWER. DATED AS OF JUNE 18, 1998 2 TABLE OF CONTENTS ARTICLE I. - THE LOAN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Section 1.1 Repayment . . . . . . . . . . . . . . . . . . . . . . . . . .

Trend Drilling Co – PURCHASE AGREEMENT (July 22nd, 1998)

1 EXHIBIT 10.31 $100,000,000 11% Series A Senior Notes Due 2005 of Bayard Drilling Technologies, Inc. PURCHASE AGREEMENT JUNE 19, 1998 DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION LEHMAN BROTHERS INC. BT ALEX. BROWN DAIN RAUSCHER WESSELS 2 $100,000,000 11% Series A Senior Notes Due 2005 of Bayard Drilling Technologies, Inc. PURCHASE AGREEMENT JUNE 19, 1998 DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION LEHMA

Trend Drilling Co – LOAN AND SECURITY AGREEMENT (July 22nd, 1998)

1 EXHIBIT 10.13 LOAN AND SECURITY AGREEMENT BY AND BETWEEN FLEET CAPITAL CORPORATION AND BAYARD DRILLING TECHNOLOGY, INC. DATED: JUNE 18, 1998 $10,000,000 2 TABLE OF CONTENTS Page SECTION 1. CREDIT FACILITY 1 1.1 REVOLVING CREDIT LOANS. 1 1.2 LETTERS OF CREDIT; LC GUARANTIES