Document:

<PAGE>
                                                                     EXHIBIT 4.2

              ----------------------------------------------------

                             PARKER DRILLING COMPANY
                            and Subsidiary Guarantors

                          10 1/8% SENIOR NOTES DUE 2009

                              ---------------------

                          FOURTH SUPPLEMENTAL INDENTURE

                          Dated as of October 10, 2003

               Supplementing the Indenture dated as of May 2, 2002

                              ---------------------

                              JPMORGAN CHASE BANK,
                                   as Trustee

              ----------------------------------------------------

<PAGE>

                          FOURTH SUPPLEMENTAL INDENTURE

         This Fourth Supplemental Indenture (the "Fourth Supplemental
Indenture"), dated and effective as of October 10, 2003, is made and entered
into by and among Parker Drilling Company, a Delaware corporation (the
"Company"), the Restricted Subsidiaries executing as Subsidiary Guarantors (the
"Subsidiary Guarantors") and JPMorgan Chase Bank, a New York banking
organization, as Trustee (the "Trustee").

              RECITALS OF THE COMPANY AND THE SUBSIDIARY GUARANTORS

            WHEREAS, the Company, the Subsidiary Guarantors and the Trustee have
executed and delivered an Indenture dated as of May 2, 2002, by and among the
Company, the Subsidiary Guarantors and the Trustee (as amended by the First
Supplemental Indenture, the Second Supplemental Indenture and the Third
Supplemental Indenture, the "2002 Indenture") for the benefit of one another and
for the ratable benefit of the Holders of the 10 1/8% Senior Notes due 2009,
(the "Notes") and pursuant to which the Subsidiary Guarantors have agreed,
jointly and severally, to unconditionally guarantee the due and punctual payment
of the principal of, premium, if any, and interest on the Notes and all other
amounts due and payable under the 2002 Indenture and the Notes by the Company
("Indenture Obligations");

         WHEREAS, Section 9.02 of the 2002 Indenture further provides that the
Trustee, the Company and the Subsidiary Guarantors may amend certain provisions
of the 2002 Indenture with the consent of Holders of at least a majority in
aggregate principal amount of the Notes then outstanding; and

         WHEREAS, pursuant to the Company's Consent Solicitation Statement,
dated September 24, 2003, the Company has solicited consents from the Holders to
the amendment contained in this Fourth Supplemental Indenture, and the Company
has received valid and unrevoked consents thereto from Holders of at least a
majority in aggregate principal amount of the Notes outstanding as of the record
date fixed by the Company for such purpose, which was September 19, 2003; and

         WHEREAS, the execution and delivery of this Fourth Supplemental
Indenture has been duly authorized by resolution of the board of directors of
the Company and the Subsidiary Guarantors; and

         WHEREAS, all conditions and requirements necessary to make this Fourth
Supplemental Indenture valid and binding upon the Company and the Subsidiary
Guarantors have been performed and fulfilled;

         NOW, THEREFORE, in consideration of the above premises, each of the
parties hereto agrees, for the benefit of the others and for the equal and
proportionate benefit of the Holders of the Notes, as follows:

         SECTION 1. Certain Terms Defined in the 2002 Indenture. All capitalized
terms used and not otherwise defined herein shall have the meanings ascribed to
them in the 2002 Indenture.

         SECTION 2. Amendment to Section 4.07. Clause (w) of the second full
paragraph of Section 4.07 shall be deleted in its entirety and replaced with the
following:

<PAGE>

                  "(w) any purchase, redemption or other acquisition or
                  retirement, in each case at a price equal to or less than
                  100.786% of the principal amount of the Company's 5 1/2%
                  Convertible Subordinated Notes due 2004, plus accrued and
                  unpaid interest thereon, of up to $75 million in aggregate
                  principal amount of the Company's 5 1/2% Convertible
                  Subordinated Notes due 2004, prior to their stated maturity;"

         SECTION 3. Effectiveness; Construction.

                  Section 3.1 Effectiveness. This Fourth Supplemental Indenture
         shall become effective upon:

                  (a)      the execution and delivery of this Fourth
                           Supplemental Indenture by the Company, the Subsidiary
                           Guarantors and the Trustee; and

                  (b)      the delivery by the Company to the Trustee of the
                           Opinion of Counsel and an Officers' Certificate as
                           required pursuant to Sections 11.04 and 11.05 of the
                           2002 Indenture and addressing the matters required
                           pursuant to such sections.

                  Section 3.2 Instruments To Be Read Together. All terms and
         conditions in this Fourth Supplemental Indenture shall form a part of
         the 2002 Indenture as fully and with the same effect as if all such
         terms and conditions had been set forth in the 2002 Indenture. The 2002
         Indenture is hereby ratified and confirmed and shall remain and
         continue in full force and effect in accordance with its terms, as
         supplemented by this Fourth Supplemental Indenture. The 2002 Indenture
         and all supplements thereto, including this Fourth Supplemental
         Indenture, shall be read, taken and construed together as one
         instrument.

         SECTION 4. Particular Representations and Covenants.

                           Section 4.1. Authority. The Company and the
                  Subsidiary Guarantors are duly authorized to execute and
                  deliver this Fourth Supplemental Indenture, and all corporate
                  action on their part required for the execution and delivery
                  of this Fourth Supplemental Indenture has been duly and
                  effectively taken.

                           Section 4.2. Correctness of Recitals. The Company and
                  the Subsidiary Guarantors represent and warrant that all
                  recitals and statements in this Fourth Supplemental Indenture
                  are true and correct.

         SECTION 5. Concerning the Trustee.

                           Section 5.1 Acceptance of Trusts. The Trustee accepts
                  the trusts hereunder and agrees to perform same, but only upon
                  the terms and conditions set forth in the 2002 Indenture.

                                      -2-
<PAGE>

                           Section 5.2 Responsibility for Recitals. The recitals
                  and statements contained in this Fourth Supplemental Indenture
                  shall be taken as recitals and statements of the Company and
                  the Subsidiary Guarantors and the Trustee assumes no
                  responsibility for the correctness of same. The Trustee makes
                  no representations as to the validity or sufficiency of this
                  Fourth Supplemental Indenture, except that the Trustee is duly
                  authorized to execute and deliver it.

         SECTION 6. Miscellaneous Provisions.

                           Section 6.1 Counterparts. This Fourth Supplemental
                  Indenture may be executed in several counterparts, each of
                  which shall be deemed an original, but all of which together
                  shall constitute one instrument.

                           Section 6.2 Compliance with Trust Indenture Act. This
                  Fourth Supplemental Indenture shall be interpreted to comply
                  in every respect with the Trust Indenture Act of 1939, as
                  amended, (the "TIA"). If any provision of this Fourth
                  Supplemental Indenture limits, qualifies or conflicts with the
                  duties imposed by the TIA, the imposed duties shall control.

                           Section 6.3 Headings. The section headings herein are
                  for convenience only and shall not affect the construction
                  hereof.

                           Section 6.4 Binding Effect. All covenants and
                  agreements in this Fourth Supplemental Indenture by the
                  Company or by any of the Subsidiary Guarantors shall bind
                  their successors and assigns, whether so expressed or not.

                           Section 6.5 Governing Law. The internal laws of the
                  State of New York shall govern and be used to construe this
                  Fourth Supplemental Indenture.

                           Section 6.6 Continuation of 2002 Indenture. Except as
                  amended by this Fourth Supplemental Indenture, the terms and
                  conditions of the 2002 Indenture shall remain in full force
                  and effect.

                           Section 6.7 References to Indenture. From and after
                  the date of this Fourth Supplemental Indenture, all references
                  in the 2002 Indenture to "this Indenture", "hereof", "herein"
                  or similar terms and all references to the 2002 Indenture in
                  the Notes and other documents executed and delivered in
                  connection with the 2002 Indenture shall mean and refer to the
                  2002 Indenture, as amended by this Fourth Supplemental
                  Indenture.

                                      -3-
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Fourth
Supplemental Indenture to be duly executed, all as of the date first above
written.

                                        PARKER DRILLING COMPANY

                                        By: /s/ Robert L. Parker Jr.
                                           ------------------------------------
                                        Name:  Robert L. Parker Jr.
                                        Title: President and
                                               Chief Executive Officer

                                        JPMORGAN CHASE BANK, as Trustee

                                        By: /s/ Rebecca Newman
                                           ------------------------------------
                                        Name:
                                        Title:

                                      -4-
<PAGE>

                              SUBSIDIARY GUARANTORS:

                              Parker Drilling Company of Oklahoma, Incorporated
                              Parker Drilling Company Limited (Nevada)
                              Choctaw International Rig Corp.
                              Parker Drilling Company of New Guinea, Inc.
                              Parker Drilling Company North America, Inc.
                              Parker-VSE, Inc.  (formerly Vance Systems
                                 Engineering, Inc.)
                              DGH, Inc.
                              Parker Drilling Company International Limited
                              Parker USA Drilling Company (formerly Parcan
                                 Limited)
                              Parker Technology, Inc.
                              Parker Drilling Offshore Corporation (formerly
                                 Hercules Offshore Corporation)
                              Parker Drilling Offshore International, Inc.
                              Anachoreta, Inc.
                              Pardril, Inc.
                              Parker Aviation, Inc.
                              Parker Drilling (Kazakhstan), Ltd.
                              Parker Drilling Company of Niger
                              Parker North America Operations, Inc.
                              Selective Drilling Corporation
                              Universal Rig Service Corp.
                              Creek International Rig Corp.

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name: David W. Tucker
                              Its:  Vice President & Treasurer

                              Parker Technology, L.L.C.

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name: David W. Tucker
                              Its:  Vice President & Manager

                              Parker Drilling Offshore USA, L.L.C.
                              (formerly Mallard Bay Drilling, L.L.C.)

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name: David W. Tucker
                              Its:  Treasurer & Manager

                                      -5-
<PAGE>

                              Parker Drilling Management Services, Inc.

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name: David W. Tucker
                              Its:  President

                              Parker Tools, LLC

                              By: /s/ Tom Junk
                                 ----------------------------------------------
                              Name: Tom Junk
                              Its:  President and Manager

                              Quail USA, LLC

                              By: /s/ W. Kirk Brassfield
                                 ----------------------------------------------
                              Name: W. Kirk Brassfield
                              Its:  President and Manager

                              Parker USA Resources, LLC

                              By: /s/ Tom Junk
                                 ----------------------------------------------
                              Name: Tom Junk
                              Its:  President and Manager

                              PD Management Resources, L.P.

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name:  David W. Tucker
                              Title: President of its General Partner,
                                     Parker Drilling Management
                                     Services, Inc.

                              Parker Offshore Resources, L.P.

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name:  David W. Tucker
                              Title: President of its General Partner,
                                     Parker Drilling Management
                                     Services, Inc.

                                      -6-
<PAGE>

                              Quail Tools, L.P.

                              By: /s/ W. Kirk Brassfield
                                 ----------------------------------------------
                              Name:  W. Kirk Brassfield
                              Title: President of its General Partner, Quail
                                     USA, LLC

                              Canadian Rig Leasing, Inc.
                              Indocorp of Oklahoma, Inc
                              Parker Drilling Company Eastern Hemisphere, Ltd.
                              Parker Drilling Company International, Inc.
                              Parker Drilling Company of Argentina, Inc.
                              Parker Drilling Company of Bolivia, Inc.
                              Parker Drilling Company of Singapore, Ltd.
                              Parker Drilling Company of South America, Inc.

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name:  David W. Tucker
                              Its:   Vice President

                              Parker Drilling Company of Mexico, LLC

                              By: /s/ Bruce J. Konus
                                 ----------------------------------------------
                              Name: Bruce J. Konus
                              Its:  Vice President

                                      -7-<PAGE>
                                                                     EXHIBIT 4.3

                          SIXTH SUPPLEMENTAL INDENTURE

         SIXTH SUPPLEMENTAL INDENTURE (the "Sixth Supplemental Indenture"),
dated and effective as of October 1, 2003, is made and entered into by and
among Parker Drilling Company, a Delaware corporation (the "Company"), the
Restricted Subsidiaries executing as Subsidiary Guarantors (the "Subsidiary
Guarantors"), Canadian Rig Leasing, Inc., an Oklahoma corporation ("Canadian"),
Indocorp of Oklahoma, Inc., an Oklahoma corporation ("Indocorp"), Parker
Drilling Company Eastern Hemisphere, Ltd., an Oklahoma corporation ("PDCEH"),
Parker Drilling Company International, Inc., a Delaware corporation ("PDCII"),
Parker Drilling Company of Argentina, Inc., a Nevada corporation ("PDCA"),
Parker Drilling Company of Singapore, Ltd., an Oklahoma corporation ("PDCS"),
Parker Drilling Company of South America, Inc., an Oklahoma corporation
("PDCSA") and Parker Drilling Company of Mexico, LLC, a Nevada limited liability
company ("PDCM"), (Canadian, Indocorp, PDCEH, PDCA, PDCS, PDCSA and PDCM shall
collectively be referred to herein as the "New Guarantors"), and JPMorgan Chase
Bank, a New York banking organization, as Trustee (the "Trustee").

               RECITALS OF THE COMPANY, THE SUBSIDIARY GUARANTORS
                             AND THE NEW GUARANTORS

         WHEREAS, the Company, the Subsidiary Guarantors and the Trustee have
executed and delivered an Indenture dated as of March 11, 1998, by and among the
Company, the Subsidiary Guarantors and the Trustee (as amended by the First
Supplemental Indenture, the Second Supplemental Indenture, the Third
Supplemental Indenture, the Fourth Supplemental Indenture, and the Fifth
Supplemental Indenture, the "1998 Indenture") for the benefit of one another and
for the ratable benefit of the Holders of the 9 3/4% Senior Notes due 2006, (the
"Notes") and pursuant to which the Subsidiary Guarantors have agreed, jointly
and severally, to unconditionally guarantee the due and punctual payment of the
principal of, premium, if any, and interest on the Notes and all other amounts
due and payable under the 1998 Indenture and the Notes by the Company
("Indenture Obligations");

         WHEREAS, Section 9.01(a)(vi) of the 1998 Indenture provides that under
certain conditions the Company, the Subsidiary Guarantors and the Trustee may,
without the consent of any Holder of a Note, amend or supplement the 1998
Indenture to add any Restricted Subsidiary as an additional Subsidiary Guarantor
as provided in Section 10.02 of the 1998 Indenture;

         WHEREAS, pursuant to Section 10.02 of the 1998 Indenture, the New
Guarantors are required to be added as guarantors of the Indenture Obligations;

         WHEREAS, Section 10.02 of the 1998 Indenture requires (i) the execution
by the New Guarantors of this Sixth Supplemental Indenture whereby said New
Guarantors agree to be bound by the terms of the 1998 Indenture as applicable to
a Subsidiary Guarantor and (ii) the execution by the New Guarantors of a
Subsidiary Guarantee in the form prescribed by the 1998 Indenture;

         WHEREAS, the execution and delivery of this Sixth Supplemental
Indenture has been duly authorized by resolution of the board of directors of
the Company and the Subsidiary Guarantors and the board of directors of each of
the New Guarantors has authorized this Sixth Supplemental Indenture and the
execution of a Subsidiary Guarantee; and

         WHEREAS, all conditions and requirements necessary to make this Sixth
Supplemental Indenture valid and binding upon the Company, the Subsidiary
Guarantors and the New Guarantors and enforceable against the New Guarantors in
accordance with its terms, have been performed and fulfilled;

         NOW, THEREFORE, in consideration of the above premises, each of the
parties hereto agrees, for the benefit of the others and for the equal and
proportionate benefit of the Holders of the Notes, as follows:

<PAGE>

         SECTION 1. Certain Terms Defined in the 1998 Indenture. All capitalized
terms used and not otherwise defined herein shall have the meanings ascribed to
them in the 1998 Indenture.

         SECTION 2. Additional Guarantors; Subsidiary Guarantee.

                  Section 2.1. The New Guarantors, by execution and delivery of
         this Sixth Supplemental Indenture, hereby agree to be bound by the
         terms of the 1998 Indenture as a Subsidiary Guarantor.

                  Section 2.2 Attached hereto as Exhibit A is a Subsidiary
         Guarantee of the New Guarantors in the form prescribed by the 1998
         Indenture, by which each New Guarantor agrees to guarantee the
         obligations of the Company in accordance with the terms of the
         Subsidiary Guarantee.

         SECTION 3. Effectiveness. This Sixth Supplemental Indenture shall
become effective upon:

                  (a)      the execution and delivery of this Sixth Supplemental
                           Indenture by the Company, the Subsidiary Guarantors,
                           the New Guarantors and the Trustee; and

                  (b)      the delivery by the Company to the Trustee of the
                           Opinion of Counsel and an Officers' Certificate as
                           required pursuant to Sections 11.04 and 11.05 of the
                           1998 Indenture and addressing the matters required
                           pursuant to such sections.

         SECTION 4. Particular Representations and Covenants.

                           Section 4.1. Authority. The Company, the Subsidiary
                  Guarantors and the New Guarantors are duly authorized to
                  execute and deliver this Sixth Supplemental Indenture, and all
                  corporate action on their part required for the execution and
                  delivery of this Sixth Supplemental Indenture has been duly
                  and effectively taken.

                           Section 4.2. Correctness of Recitals. The Company and
                  the Subsidiary Guarantors and the New Guarantors represent and
                  warrant that all recitals and statements in this Sixth
                  Supplemental Indenture are true and correct.

         SECTION 5. Concerning the Trustee.

                           Section 5.1 Acceptance of Trusts. The Trustee accepts
                  the trusts hereunder and agrees to perform same, but only upon
                  the terms and conditions set forth in the Indenture.

                           Section 5.2 Responsibility for Recitals. The recitals
                  and statements contained in this Sixth Supplemental Indenture
                  shall be taken as recitals and statements of the Company, the
                  Subsidiary Guarantors and the New Guarantors and the Trustee
                  assumes no responsibility for the correctness of same. The
                  Trustee makes no representations as to the validity or
                  sufficiency of this Sixth Supplemental Indenture, except that
                  the Trustee is duly authorized to execute and deliver it.

<PAGE>

         SECTION 6. Miscellaneous Provisions.

                           Section 6.1 Counterparts. This Sixth Supplemental
                  Indenture may be executed in several counterparts, each of
                  which shall be deemed an original, but all of which together
                  shall constitute one instrument.

                           Section 6.2 Compliance with Trust Indenture Act. This
                  Sixth Supplemental Indenture shall be interpreted to comply in
                  every respect with the Trust Indenture Act of 1939, as
                  amended, (the "TIA"). If any provision of this Sixth
                  Supplemental Indenture limits, qualifies or conflicts with the
                  duties imposed by the TIA, the imposed duties shall control.

                           Section 6.3 Headings. The section headings herein are
                  for convenience only and shall not affect the construction
                  hereof.

                           Section 6.4 Binding Effect. All covenants and
                  agreements in this Sixth Supplemental Indenture by the Company
                  or by any of the Subsidiary Guarantors shall bind their
                  successors and assigns, whether so expressed or not.

                           Section 6.5 Governing Law. The internal laws of the
                  State of New York shall govern and be used to construe this
                  Sixth Supplemental Indenture.

                           Section 6.6 Continuation of 1998 Indenture. Except as
                  amended by this Sixth Supplemental Indenture, the terms and
                  conditions of the 1998 Indenture shall remain in full force
                  and effect.

         IN WITNESS WHEREOF, the parties hereto have caused this Sixth
Supplemental Indenture to be duly executed, all as of the date first above
written.

                              PARKER DRILLING COMPANY

                              By: /s/ James W. Whalen
                                 ----------------------------------------------
                              Name:  James W. Whalen
                              Title: Sr. Vice President-Finance and
                                     Chief Financial Officer

                              JPMORGAN CHASE BANK, as Trustee

                              By: /s/ Rebecca Newman
                                 ----------------------------------------------
                              Name:
                              Title:

                              SUBSIDIARY GUARANTORS:

                              Parker Drilling Company of Oklahoma, Incorporated
                              Parker Drilling Company Limited (Nevada)
                              Choctaw International Rig Corp.
                              Parker Drilling Company of New Guinea, Inc.
                              Parker Drilling Company North America, Inc.
                              Parker-VSE, Inc.  (formerly Vance Systems
                                 Engineering, Inc.)
                              DGH, Inc.
                              Parker Drilling Company International Limited
                              Parker USA Drilling Company (formerly Parcan
                                 Limited)

<PAGE>

                              Parker Technology, Inc.
                              Parker Drilling Offshore Corporation (formerly
                                 Hercules Offshore Corporation)
                              Parker Drilling Offshore International, Inc.
                              Anachoreta, Inc.
                              Pardril, Inc.
                              Parker Aviation, Inc.
                              Parker Drilling (Kazakhstan), Ltd.
                              Parker Drilling Company of Niger
                              Parker North America Operations, Inc.
                              Selective Drilling Corporation
                              Universal Rig Service Corp.
                              Creek International Rig Corp.

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name:  David W. Tucker
                              Its:   Vice President & Treasurer

                              Parker Technology, L.L.C.

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name:  David W. Tucker
                              Its:   Vice President & Manager

                              Parker Drilling Offshore USA, L.L.C.
                              (formerly Mallard Bay Drilling, L.L.C.)

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name:  David W. Tucker
                              Its:   Treasurer & Manager

                              Parker Drilling Management Services, Inc.

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name:  David W. Tucker
                              Its:   President

                              Parker Tools, LLC

                              By: /s/ Tom Junk
                                 ----------------------------------------------
                              Name:  Tom Junk
                              Its:   President and Manager

                              Quail USA, LLC

                              By: /s/ W. Kirk Brassfield
                                 ----------------------------------------------
                              Name:  W. Kirk Brassfield
                              Its:   President and Manager

<PAGE>

                              Parker USA Resources, LLC

                              By: /s/ Tom Junk
                                 ----------------------------------------------
                              Name:   Tom Junk
                              Its:   President and Manager

                              PD Management Resources, L.P.

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name:   David W. Tucker
                              Title:  President of its General Partner,
                                      Parker Drilling Management Services, Inc.

                              Parker Offshore Resources, L.P.

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name:   David W. Tucker
                              Title:  President of its General Partner,
                                      Parker Drilling Management Services, Inc.

                              Quail Tools, L.P.

                              By: /s/ W. Kirk Brassfield
                                 ----------------------------------------------
                              Name:   W. Kirk Brassfield
                              Title:  President of its General Partner, Quail
                                      USA, LLC

                              NEW GUARANTORS:

                              Canadian Rig Leasing, Inc.
                              Indocorp of Oklahoma, Inc
                              Parker Drilling Company Eastern Hemisphere, Ltd.
                              Parker Drilling Company International, Inc.
                              Parker Drilling Company of Argentina, Inc.
                              Parker Drilling Company of Singapore, Ltd.
                              Parker Drilling Company of South America, Inc.

                              By: /s/ David W. Tucker
                                 ----------------------------------------------
                              Name:   David W. Tucker
                              Its:    Vice President

                              Parker Drilling Company of Mexico, LLC

                              By: /s/ Steve Pittillo
                                 ----------------------------------------------
                              Name:   Steve Pittillo
                              Its:    President

<PAGE>

                                                                     Exhibit "A"

                              SUBSIDIARY GUARANTEE

         This Subsidiary Guarantee is hereby executed as of the ___ day of
_________, 2003, by the each of the undersigned Restricted Subsidiaries. Terms
not defined herein shall have the meanings as set forth in the 1998 Indenture
(as described below).

                                    RECITALS:

WHEREAS, pursuant to Section 10.02(a) of the Indenture dated March 11, 1998, (as
previously and heretofore amended, the "1998 Indenture") by and among Parker
Drilling Company (the "Company"), the Restricted Subsidiaries which are already
Subsidiary Guarantors, and JPMorgan Chase Bank, as Trustee, pursuant to which
the Company has issued its 9 3/4% Senior Notes due 2006 (the "Notes"), it is a
requirement that each of the undersigned Restricted Subsidiaries execute a
supplemental indenture agreeing to be bound by the terms of the 1998 Indenture
and to execute a Subsidiary Guarantee in accordance with the terms of the 1998
Indenture; and

WHEREAS, each of the undersigned Restricted Subsidiaries has executed the Sixth
Supplemental Indenture to the 1998 Indenture pursuant to which it agrees to be a
Subsidiary Guarantor thereof and to execute a Subsidiary Guarantee;

NOW, THEREFORE:

Each of the undersigned Restricted Subsidiaries jointly and severally and
unconditionally guarantees, on a senior basis (each such guarantee being a
"Subsidiary Guarantee"), to each Holder of a Note authenticated and delivered by
the Trustee irrespective of the validity or enforceability of the 1998
Indenture, the Notes or the obligations of the Company under the 1998 Indenture
or the Notes, that: (i) the principal of, premium, if any, and interest on the
Notes of every series issued thereunder shall be paid in full when due, whether
at the maturity or interest payment or mandatory redemption date, by
acceleration, call for redemption or otherwise, and interest on the overdue
principal and interest, if any, of the Notes and all other obligations of the
Company to the Holders or the Trustee under the 1998 Indenture or the Notes
shall be promptly paid in full or performed, all in accordance with the terms of
the 1998 Indenture and the Notes; and (ii) in case of any extension of time of
payment or renewal of any Notes or any of such other obligations, they shall be
paid in full when due or performed in accordance with the terms of the extension
or renewal, whether at maturity, by acceleration or otherwise. Failing payment
when due of any amount so guaranteed for whatever reason, each Subsidiary
Guarantor shall be obligated to pay the same whether or not such failure to pay
has become an Event of Default that could cause acceleration pursuant to Section
6.02 of the 1998 Indenture. Each Subsidiary Guarantor agrees that this is a
guarantee of payment, not a guarantee of collection. Capitalized terms used
herein have the meanings assigned to them in the 1998 Indenture unless otherwise
indicated, and the obligations of the Subsidiary Guarantors pursuant to the
Subsidiary Guarantees are subject to the terms of the 1998 Indenture, to which
reference is hereby made for the precise terms thereof. The obligations of each
Subsidiary Guarantor to the Holders of Notes and to the Trustee pursuant to this
Subsidiary Guarantee and the 1998 Indenture are expressly set forth, and are
senior unsecured obligations of each such Subsidiary Guarantor to the extent and
in the manner provided, in Article 10 of the 1998 Indenture, and may be released
or limited under certain circumstances. Reference is hereby made to such 1998
Indenture for the precise terms of the Subsidiary Guarantee therein made.

                              Canadian Rig Leasing, Inc.
                              Indocorp of Oklahoma, Inc
                              Parker Drilling Company Eastern Hemisphere, Ltd.
                              Parker Drilling Company International, Inc.

<PAGE>

                              Parker Drilling Company of Argentina, Inc.
                              Parker Drilling Company of Singapore, Ltd.
                              Parker Drilling Company of South America, Inc.

                              By: /s/ David W. Tucker
                                  ---------------------------------------------
                              Name:   David W. Tucker
                              Its:    Vice President

                              Parker Drilling Company of Mexico, LLC

                              By: /s/ Steve Pittillo
                                 ----------------------------------------------
                              Name:   Steve Pittillo
                              Its:    President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00058-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00058-of-00352.parquet"}]]