0000950129-06-003897 Sample Contracts

CONSULTING AGREEMENT
Consulting Agreement • April 12th, 2006 • Parker Drilling Co /De/ • Drilling oil & gas wells • Texas

THIS CONSULTING AGREEMENT (the “Agreement”) is entered on this 12th day of April, 2006, (the “Effective Date”), by and between Robert L. Parker (“Parker”), an individual, who resides in Tulsa, Oklahoma, and Parker Drilling Company, a Delaware corporation (the “Company”).

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TERMINATION OF SPLIT DOLLAR LIFE INSURANCE AGREEMENT
Termination of Split Dollar Life Insurance Agreement • April 12th, 2006 • Parker Drilling Co /De/ • Drilling oil & gas wells • Oklahoma

THIS AGREEMENT (the “Agreement”) dated this 12th day of April, 2006 (the “Effective Date”) by and among PARKER DRILLING COMPANY (the “Company”), ROBERT L. PARKER (the “Employee”) and ROBERT L. PARKER, SR. AND CATHERINE M. PARKER FAMILY TRUST UNDER INDENTURE DATED THE 23RD DAY OF JULY, 1993 (the “Trust”).

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