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EXHIBIT 10j
ROWAN COMPANIES, INC.
Amendment No. 4 to the Consultancy
Agreement Dated March 1, 0000
Xxxxxxx Xxxxx Companies, Inc.
And X. X. Xxxxxxxx
Effective January 1, 1998:
(1) Section 2. Duties of the Consultant
Section 2 of the Agreement, Duties of the Consultant, is
amended by adding an additional paragraph as follows:
(B) The Consultant also shall serve as a Director of
XxXxxxxxxx, Inc. and as Chairman of the Board of Directors of
XxXxxxxxxx, Inc. and shall provide such services as may be
required, from time to time, in connection with serving in
such capacities.
(C) The Consultant shall provide advice as may be required for
the design and construction of the enhanced Gorilla design
xxxx-up rigs, designated GORILLA V AND GORILLA VI.
(2) Section 4. Consideration and Expenses:
Section 4 of the Agreement, Consideration and Expenses, is
hereby deleted and the following is substituted therefor:
(A) The Company shall pay $300,000 annually (payable
quarterly) for services rendered. Further, the Company shall
reimburse to the Consultant all proper and reasonable
out-of-pocket expenses (including, but not limited to, all
travel and accommodation expenses).
