Item 1.01 Entry into a Material Definitive Agreement.
On
Closing on the sale of the Assets is subject to satisfaction of certain conditions, including, among others: (i) receipt of applicable regulatory approvals; (ii) the accuracy of representations and warranties of, and compliance with covenants by, the parties; and (iii) no law, regulation, or injunction that prevents or prohibits completion of the transaction contemplated under the Agreement. The parties have made customary representations, warranties and covenants in the Agreement for the transaction contemplated thereby.
The Agreement contains certain customary termination rights for both NDCL and
Ensign, including, among other things, if the closing has not occurred by
The foregoing summary of the Agreement and the transactions contemplated thereby do not purport to be complete and are subject to, and qualified in their entirety by, the full text of the Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. 10.1 Asset Purchase Agreement, datedJune 23, 2021 , by and amongNabors Drilling Canada Limited ,Nabors Global Holdings II Limited , andEnsign Drilling Inc. [Names of certain individuals to whom the knowledge ofNabors Canada is attributed for purposes of the Agreement have been redacted.] 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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