Item 1.01 - Entry into a Material Definitive Agreement
On
(a)provide that Famatown will notify the Company by
(b)extend the Standstill Period (as defined in the Support Agreement) to the completion of the 2023 AGM and, if Famatown provides the Company notice of its director nominee prior to the Nomination Deadline and such nominee is elected at the 2023 AGM, then the Standstill Period shall be further extended to 30 business days prior to the shareholder nomination deadline for the 2024 annual general meeting of the Company's shareholders, with continued extensions thereafter consistent with the Support Agreement;
(c)provide that, if Famatown does not notify the Company of its director nominee prior to the Nomination Deadline, no Famatown nominee will be proposed at the 2023 AGM; and
(d)provide that, if
The foregoing description of the Amendment is not complete and qualified in its
entirety by the full text of the Amendment, which is filed as Exhibit 10.1
hereto, and the Support Agreement, which was filed as Exhibit 10.1 to the
Current Report on Form 8-K dated
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Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit No. Description Amendment No. 1 to Support Agreement dated as ofJanuary 25, 2023 , amongValaris Limited ,Famatown Financial Limited and the 10.1 other parties thereto. 101 Interactive data files pursuant to Rule 405 of Regulation S-T formatted in inline Extensible Business Reporting Language 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) 3
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