Document:

EX-10.9

 Exhibit 10.9 
 FORM OF 
 INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (“Agreement”) is made as of
            , 2013 by and between Navigator Holdings Ltd., a Marshall Islands corporation (the “Company”), and (together with any Other Indemnified Person,
“Indemnitee”). 
 RECITALS: 

WHEREAS, directors, officers and other Persons in service to corporations or business enterprises are subjected to expensive and
time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the Company or business enterprise itself; 
 WHEREAS, highly competent Persons have become more reluctant to serve as directors, officers or in other capacities with the Company unless they are provided adequate protection through insurance and
adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the Company; 
 WHEREAS, the Board of Directors of the Company (the “Board”) has determined that the increased difficulty in attracting and retaining such Persons is detrimental to the best interests of
the Company and its shareholders and that the Company should act to assure such Persons that there shall be increased certainty of such protection in the future; 
 WHEREAS, (i) the Second Restated Articles of Incorporation of the Company (as may be amended, the “Articles of Incorporation”) and the Second Amended and Restated Bylaws of the
Company (as may be amended, the “Bylaws”) require indemnification of the officers and directors of the Company in certain circumstances, (ii) Indemnitee may also be entitled to indemnification pursuant to the Marshall Islands
Business Corporations Act (“BCA”), and (iii) the Articles of Incorporation, the Bylaws and the BCA expressly provide that the indemnification provisions set forth therein are not exclusive and thereby contemplate that contracts
may be entered into between the Company and members of the Board, officers and other Persons with respect to indemnification; 

WHEREAS, this Agreement is a supplement to and in furtherance of the Articles of Incorporation and Bylaws and any resolutions adopted
pursuant thereto, and the BCA and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; 
 WHEREAS, (i) Indemnitee does not regard the protection available under the Articles of Incorporation, Bylaws, BCA and insurance as adequate in the present circumstances, (ii) Indemnitee may not
be willing to serve or continue to serve as a director or officer without adequate protection, (iii) the Company desires Indemnitee to serve in such capacity, and (iv) Indemnitee is willing to serve, continue to serve and to take on
additional service for or on behalf of the Company on the condition that the Indemnitee be so indemnified; and 

 WHEREAS, in light of the considerations referred to in the preceding recitals, it is the
Company’s intention and desire that the provisions of this Agreement be construed liberally to maximize the protections to be provided to Indemnitee hereunder. 
 AGREEMENT: 
 NOW, THEREFORE, in consideration of the premises and
the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 
 Section 1.
Definitions. (a) As used in this Agreement: 
 “Affiliate” of any specified Person shall mean any
other Person controlling, controlled by or under common control with such specified Person. 
 “Corporate
Status” describes the status of a Person who is or was a director, officer, employee or agent of (i) the Company or (ii) any other Enterprise. 
 “Disinterested Director” shall mean a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee. 

“Enterprise” shall mean the Company and any other corporation, limited liability company, partnership, joint venture,
trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
 “Expenses” shall mean all costs, expenses, fees and charges, including, without limitation, attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees,
travel expenses, duplicating costs, printing and binding costs, telephone charges, postage and delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to
prosecute or defend, investigating, being or preparing to be a witness in or otherwise participating in a Proceeding. Expenses also shall include without limitation (i) expenses incurred in connection with any appeal resulting from, incurred by
Indemnitee in connection with, arising out of or in respect of or relating to any Proceeding, including without limitation the premium, security for and other costs relating to any cost bond, supersedes bond or other appeal bond or its equivalent,
(ii) expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement, by litigation or otherwise, (iii) any federal, state, local or foreign taxes imposed on
Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, and (iv) any interest, assessments or other charges in respect of the foregoing. “Expenses” shall not include “Liabilities.”

 “Indemnity Obligations” shall mean all obligations of the Company to Indemnitee under this Agreement,
including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement. 

  
 2 

 “Independent Counsel” shall mean a law firm of 50 or more attorneys, or a
member of a law firm of 50 or more attorneys, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent (i) the Company or Indemnitee in any matter material to either
such party (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements) or (ii) any other party to the Proceeding giving rise to a claim for indemnification
hereunder; provided, however, that the term “Independent Counsel” shall not include any Person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing
either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 

“Liabilities” shall mean all claims, liabilities, damages, losses, judgments, orders, fines, penalties and other amounts
paid or payable in connection with, arising out of, in respect of or relating to any Proceeding, including without limitation amounts paid in settlement in any Proceeding and all costs and expenses in complying with any judgment, order or decree
issued or entered in connection with any Proceeding or any settlement agreement, stipulation or consent decree entered into or issued in settlement of any Proceeding. 
 “Other Indemnified Person” shall mean, collectively, each Affiliate of the individual Indemnitee who is the party hereto, any Person who appointed such individual Indemnitee to the Board
and any other Person who incurs expenses or is alleged to incur any liabilities for any act or failure to act of the individual Indemnitee who is a party hereto or any such Affiliate. 

“Person” shall mean any individual, corporation, partnership, limited partnership, limited liability company, trust,
governmental agency or body or any other legal entity. 
 “Proceeding” shall mean any threatened, asserted,
pending or completed demand, action, claim, suit, arbitration, alternate dispute resolution mechanism, formal or informal hearing, inquiry or investigation, litigation, inquiry, administrative hearing or any other actual, threatened, pending or
completed judicial, administrative or arbitration proceeding (including without limitation any such proceeding under the Securities Act of 1933, as amended, or the Exchange Act or any other federal law, state law, statute or regulation), whether
brought in the right of the Company or otherwise, and whether of a civil, criminal, administrative or investigative nature (each, a “Claim”), in each case, (i) in which Indemnitee was, is or will be, or is threatened to be,
involved as a party, witness or otherwise by reason of (A) the fact that Indemnitee is or was a director or officer of the Company, (B) any actual, alleged or suspected action taken (or failure to take action) by Indemnitee or of any
action (or failure to take action) on Indemnitee’s part while acting as director or officer of the Company or another Enterprise, or (C) the fact that Indemnitee is or was serving at the request of the Company as a director, officer,
employee or agent of another Enterprise, in each case whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement or advancement can be provided under this Agreement, or
(ii) in which any Other Indemnified Person was, is or shall be, or is threatened to be, involved as a party, witness or otherwise that relates to, results from or arises out of, directly or

  
 3 

 
indirectly, in whole or in part, any Claim in respect of any action or inaction of the Company or any of its Affiliates or any of their respective officers, directors, employees, predecessors and
assignees (each, a “Company Person”), including without limitation any Claim that alleges that an Other Indemnified Person is liable in whole or in part in respect of any action or inaction by any Company Person under any theories
of secondary liability, including without limitation as an alleged aider or abettor, co-conspirator, controlling person or principal, or under any other theories. 
 (b) For the purpose hereof, references to “fines” shall include any excise tax assessed with respect to any employee benefit plan; references to “serving at the request of the Company”
shall include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or
beneficiaries; and a Person who acted in good faith and in a manner such Person reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not
opposed to the best interests of the Company” as referred to in this Agreement. 
 Section 2. Indemnity in
Third-Party Proceedings. The Company shall indemnify and hold harmless Indemnitee, to the fullest extent permitted by applicable law, from and against all Liabilities and Expenses suffered or incurred (and, in the case of retainers, reasonably
expected to be incurred) by Indemnitee or on Indemnitee’s behalf in connection with any Proceeding (other than any Proceeding brought by or in the right of the Company to procure a judgment in its favor), or any claim, issue or matter therein.

 Section 3. Indemnity in Proceedings by or in the Right of the Company. The Company shall indemnify and hold
harmless Indemnitee, to the fullest extent permitted by applicable law, from and against all Liabilities and Expenses suffered or incurred by Indemnitee or on Indemnitee’s behalf in connection with such Proceeding brought by or in the right of
the Company to procure a judgment in its favor, or any claim, issue or matter therein. No indemnification for Expenses shall be made under this Section 3 in respect of any claim, issue or matter as to which Indemnitee shall have been finally
adjudged by a court in a final non-appealable decision to be liable to the Company, unless and only to the extent that the Republic of the Marshall Islands courts or any court in which the Proceeding was brought shall determine upon application
that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification. 
 Section 4. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of this Agreement, and without limiting the rights of Indemnitee
under any other provision hereof, including any rights to indemnification pursuant to Sections 2 or 3 hereof, to the fullest extent permitted by applicable law, to the extent that Indemnitee is successful, on the merits or otherwise, in any
Proceeding or in defense of any claim, issue or matter therein, in whole or in part, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each
successfully resolved Proceeding, claim, issue or matter. For purposes of this Section 4 and without limitation, the resolution or disposition of any Proceeding or claim, issue or matter in any manner other than by adverse judgment (including
by means of settlement with or without payment of money or other consideration) or by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 

  
 4 

 Section 5. Indemnification For Expenses of a Witness. Notwithstanding any other
provision of this Agreement, to the fullest extent permitted by applicable law and to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status or otherwise, a witness or otherwise a participant in any Proceeding to which
Indemnitee is not a party, Indemnitee shall be indemnified against all Expenses suffered or incurred (or, in the case of retainers, reasonably expected to be incurred) by Indemnitee or on Indemnitee’s behalf in connection therewith. 

Section 6. Additional Indemnification. Notwithstanding any limitation in Sections 2, 3 or 4 hereof, the Company shall
indemnify Indemnitee to the fullest extent permitted by applicable law if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor)
against all Expenses suffered or reasonably incurred by Indemnitee in connection with such Proceeding, including but not limited to: 
 (a) the fullest extent permitted by the provision of the BCA that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of any amendment to or replacement of
the BCA; and 
 (b) the fullest extent authorized or permitted by any amendments to or replacements of the BCA adopted after the
date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors. 

Section 7. Exclusions. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this
Agreement to indemnify or hold harmless Indemnitee: 
 (a) for which payment has actually been made to or on behalf of Indemnitee
under any insurance policy obtained by the Company except with respect to any excess beyond the amount paid under such insurance policy; 
 (b) for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Exchange Act or similar
provisions of state statutory law or common law; 
 (c) except for compulsory counterclaims or as provided in Section 12(d)
of this Agreement, for any Liabilities in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors,
officers, employees or other indemnitees, unless (i) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation or the Company participated in such Proceeding or (ii) the Company provides the
indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law; or 
 (d) if a final
decision by a court having jurisdiction in the matter shall determine that such indemnification is not lawful. 

  
 5 

 Section 8. Advancement. In accordance with the pre-existing requirements of the
Articles of Incorporation, and notwithstanding any provision of this Agreement to the contrary, the Company shall advance, to the extent not prohibited by law, the Expenses and Liabilities reasonably incurred by Indemnitee in connection with any
Proceeding, and such advancement shall be made within 30 days after the receipt by the Company of a statement or statements requesting such advances from time to time, whether prior to or after final disposition of any Proceeding. Advances shall be
unsecured and interest free. Advances shall be made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this Agreement.
Without limiting Section 12(e), advances shall include any and all Expenses reasonably incurred pursuing an action to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the Company to support
the advances claimed. Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement, which shall constitute an undertaking providing that Indemnitee undertakes to repay the amounts advanced to the extent that
it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company. This Section 8 shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant to Section 7 hereof. 

Section 9. Procedure for Notification and Defense of Claim. 

(a) Indemnitee shall promptly notify the Company in writing of any Proceeding with respect to which Indemnitee intends to seek
indemnification or advancement hereunder following the receipt by Indemnitee of written notice thereof. The written notification to the Company shall include a description of the nature of the Proceeding and the facts underlying the Proceeding. To
obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to
determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of such action, suit or proceeding. Any delay or failure by Indemnitee to notify the Company hereunder shall not relieve the Company from
any liability which it may have to Indemnitee hereunder or otherwise than under this Agreement, and any delay or failure in so notifying the Company shall not constitute a waiver by Indemnitee of any rights under this Agreement. The Secretary of the
Company shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has requested indemnification. 
 (b) In the event Indemnitee is entitled to indemnification and/or advancement with respect to any Proceeding, Indemnitee may, at Indemnitee’s option, (i) retain counsel selected by Indemnitee
and approved by the Company to defend Indemnitee in such Proceeding, at the sole expense of the Company (which approval shall not be unreasonably withheld, conditioned or delayed), or (ii) have the Company assume the defense of Indemnitee in
such Proceeding, in which case the Company shall assume the defense of such Proceeding with counsel selected by the Company and approved by Indemnitee (which approval shall not be unreasonably withheld, conditioned or delayed) within ten days of the
Company’s receipt of written notice of Indemnitee’s election to cause the Company to do so. If the Company is required to assume the defense of any such Proceeding, it shall engage legal counsel for such defense, and the Company shall be
solely responsible for all fees and expenses of such legal counsel and otherwise of such defense. Such legal counsel may represent both Indemnitee and 

  
 6 

 
the Company (and any other party or parties entitled to be indemnified by the Company with respect to such matter) unless, in the reasonable opinion of legal counsel to Indemnitee, there is a
conflict of interest between Indemnitee and the Company (or any other such party or parties) or there are legal defenses available to Indemnitee that are not available to the Company (or any such other party or parties). Notwithstanding either
party’s assumption of responsibility for defense of a Proceeding, each party shall have the right to engage separate counsel at its own expense. The party having responsibility for defense of a Proceeding shall provide the other party and its
counsel with all copies of pleadings and material correspondence relating to the proceeding. Indemnitee and the Company shall reasonably cooperate in the defense of any Proceeding with respect to which indemnification is sought hereunder, regardless
of whether the Company or Indemnitee assumes the defense thereof. Indemnitee may not settle or compromise any Proceeding without the prior written consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed. The
Company may not settle or compromise any proceeding without the prior written consent of Indemnitee. 
 Section 10.
Procedure Upon Application for Indemnification. 
 (a) Upon written request by Indemnitee for indemnification pursuant to
Section 9(a) hereof, if any determination by the Company is required by applicable law with respect to Indemnitee’s entitlement thereto, such determination shall be made (i) if Indemnitee shall request such determination be made by
Independent Counsel, by Independent Counsel, and (ii) in all other circumstances, (A) by a majority vote of the Disinterested Directors, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested
Directors, (C) if there are no such Disinterested Directors or, if such Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee, or (D) if so directed by
the Board, by the shareholders of the Company. If it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten days after such determination. Indemnitee shall cooperate with the Person or Persons
making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such Person or Persons upon reasonable advance request any documentation or information that is not privileged or otherwise protected
from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any Expenses incurred by Indemnitee in so cooperating with the Person or Persons making such determination shall be borne by the Company
(irrespective of the determination as to Indemnitee’s entitlement to indemnification), and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. The Company shall not deny any written request for indemnification
hereunder made in good faith by Indemnitee unless a determination as to Indemnitee’s entitlement to such indemnification described in this Section 10(a) has been made. The Company agrees to pay the reasonable fees and expenses of the
Independent Counsel referred to above and to fully indemnify such counsel against any and all Liabilities and Expenses arising out of or relating to this Agreement or its engagement pursuant hereto. 

(b) In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 10(a)
hereof, (i) the Independent Counsel shall be selected by the Company within ten days of the Submission Date (the cost of such Independent Counsel to be paid by the Company), (ii) the Company shall give written notice to Indemnitee advising
it of the identity of the Independent Counsel so selected, and 

  
 7 

 
(iii) Indemnitee may, within ten days after such written notice of selection shall have been given, deliver to the Company Indemnitee’s written objection to such selection. Such
objection by Indemnitee may be asserted only on the ground that the Independent Counsel selected does not meet the requirements of “Independent Counsel” as defined in this Agreement. If such written objection is made and substantiated, the
Independent Counsel selected shall not serve as Independent Counsel unless and until Indemnitee withdraws the objection or a court has determined that such objection is without merit. Absent a timely objection, the Person so selected shall act as
Independent Counsel. If no Independent Counsel shall have been selected and not objected to before the later of (i) 30 days after the later of submission by Indemnitee of a written request for indemnification pursuant to Section 9(a)
hereof (the “Submission Date”) and (ii) ten days after the final disposition of the Proceeding, each of the Company and Indemnitee shall select a law firm or member of a law firm meeting the qualifications to serve as
Independent Counsel, and such law firms or members of law firms shall select the Independent Counsel. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 12(a) of this Agreement, Independent Counsel shall be
discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 
 Section 11. Presumptions and Effect of Certain Proceedings. 
 (a) In
making a determination with respect to entitlement to indemnification hereunder, the Person or Persons making such determination shall, to the fullest extent not prohibited by law, presume that Indemnitee is entitled to indemnification under this
Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 9(a) of this Agreement, and the Company shall, to the fullest extent not prohibited by law, have the burden of proof to overcome that presumption in
connection with the making by any Person or Persons of any determination and may do so only by adducing clear and convincing evidence to the contrary. Neither the failure of the Company (including by its directors or independent legal counsel) to
have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the
Company (including by its directors or independent legal counsel) that Indemnitee has not met such applicable standard of conduct shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of
conduct. 
 (b) Subject to Section 12(e) hereof, if the Person or Persons empowered or selected under
Section 10 of this Agreement to determine whether Indemnitee is entitled to indemnification shall not have made a determination within 60 days after receipt by the Company of the request therefor, the requisite determination of entitlement to
indemnification shall, to the fullest extent not prohibited by law, be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent a prohibition of such indemnification under applicable law; provided,
however, that such 60-day period may be extended for a reasonable time, not to exceed an additional 30 days, if (i) the determination is to be made by Independent Counsel and Indemnitee objects to the Company’s selection of
Independent Counsel and (ii) the Independent Counsel ultimately selected requires such additional time for the obtaining or evaluating of documentation or information relating thereto; provided further, however, that such 60-day period
may also be extended for a reasonable time, not to exceed an additional 60 days, if the determination of entitlement to indemnification is to be made by the shareholders of the Company. 

  
 8 

 (c) The termination of any Proceeding or of any claim, issue or matter therein, by judgment,
order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) adversely affect the right of Indemnitee to indemnification or create a presumption that
Indemnitee did not act in good faith and in a manner which such Person reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that
Indemnitee’s conduct was unlawful. 
 (d) Reliance as Safe Harbor. For purposes of any determination of good faith,
to the effect applicable, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the Enterprise, including without limitation financial statements, or on information supplied
to Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an independent certified public accountant or
by an appraiser or other expert selected with the reasonable care by the Enterprise. The provisions of this Section 11(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to
have met the applicable standard of conduct set forth in this Agreement. 
 (e) Actions of Others. The knowledge or
actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

Section 12. Remedies of Indemnitee. 
 (a) Subject to Section 12(e) hereof, in the event that (i) a determination is made pursuant to Section 10 of this Agreement that Indemnitee is not entitled to indemnification under this
Agreement, (ii) advancement is not timely made pursuant to Section 8 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 10(a) of this Agreement within 90 days
after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Sections 4 or 5 or the last sentence of Section 10(a) of this Agreement within ten days after receipt by the Company
of a written request therefor, (v) payment of indemnification pursuant to Sections 2, 3 or 6 of this Agreement is not made within ten days after a determination has been made that Indemnitee is entitled to indemnification, or (vi) in the
event that the Company or any other Person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or Proceeding designed to deny, or to recover from, Indemnitee the
benefits provided or intended to be provided to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court of Indemnitee’s entitlement to such indemnification or advancement. Alternatively, Indemnitee, at Indemnitee’s
option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. The Company shall not oppose Indemnitee’s right to seek any such adjudication
or award in arbitration. 

  
 9 

 (b) In the event that a determination shall have been made pursuant to Section 10(a) of
this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 12 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee
shall not be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 12, the Company shall have the burden of proving Indemnitee is not entitled to indemnification or
advancement, as the case may be. 
 (c) If a determination shall have been made pursuant to Section 10(a) of this Agreement
that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 12, unless prohibited under applicable law. 

(d) The Company shall, to the fullest extent not prohibited by law, be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the
provisions of this Agreement. It is the intent of the Company that Indemnitee not be required to incur Expenses associated with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement by litigation or otherwise
because the cost and expense thereof would substantially detract from the benefits intended to be extended to Indemnitee hereunder. The Company shall indemnify Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within
ten days after receipt by the Company of a written request therefor) advance, to the extent not prohibited by law, such Expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification
or advancement from the Company under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such
indemnification, advancement or insurance recovery, as the case may be. 
 (e) Notwithstanding anything in this Agreement to the
contrary, no determination as to entitlement to indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding; provided that, in absence of any such determination with respect to such Proceeding,
the Company shall advance Expenses with respect to such Proceeding subject to Section 8. 
 Section 13. Non-Exclusivity;
Survival of Rights; Insurance; Subrogation. 
 (a) The rights of indemnification and to receive advancement as provided by
this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Articles of Incorporation, the Bylaws, any agreement, a vote of shareholders or a resolution of directors, the
BCA or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in Indemnitee’s
Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in the Republic of the Marshall Islands law, whether by statute or judicial decision, permits greater indemnification or advancement than would be afforded

  
 10 

 
currently under the BCA, the Articles of Incorporation, the Bylaws or this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so
afforded by such change. The Company will not adopt any amendment to the Articles of Incorporation or the Bylaws the effect of which would be to deny, diminish or encumber Indemnitee’s right to indemnification under this Agreement or any
contract or otherwise. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 

(b) The Company hereby acknowledges that Indemnitee may have certain rights to indemnification, advancement and insurance provided
by one or more Persons with whom or which Indemnitee may be associated. The Company hereby acknowledges and agrees that (i) the Company shall be the indemnitor of first resort with respect to any Proceeding, Expense, Liability or matter that
is the subject of the Indemnity Obligations, (ii) the Company shall be primarily liable for all Indemnity Obligations and any indemnification afforded to Indemnitee in respect of any Proceeding, Expense, Liability or matter that is the subject
of Indemnity Obligations, whether created by law, organizational or constituent documents, contract (including this Agreement) or otherwise, (iii) any obligation of any other Persons with whom or which Indemnitee may be associated to indemnify
Indemnitee or advance Expenses or Liabilities to Indemnitee in respect of any Proceeding shall be secondary to the obligations of the Company hereunder, (iv) the Company shall be required to indemnify Indemnitee and advance Expenses or
Liabilities to Indemnitee hereunder to the fullest extent provided herein without regard to any rights Indemnitee may have against any other Person with whom or which Indemnitee may be associated or insurer of any such Person, and (v) the
Company irrevocably waives, relinquishes and releases any other Person with whom or which Indemnitee may be associated from any claim of contribution, subrogation or any other recovery of any kind in respect of amounts paid by the Company
hereunder. Without limiting the foregoing, in the event any other Person with whom or which Indemnitee may be associated or their insurers advances or extinguishes any liability or loss which is the subject of any Indemnity Obligation owed by
the Company or payable under any Company insurance policy, the payor shall have a right of subrogation against the Company or its insurer or insurers for all amounts so paid which would otherwise be payable by the Company or its insurer or insurers
under this Agreement. In no event shall payment of an Indemnity Obligation by any other Person with whom or which Indemnitee may be associated or their insurers affect the obligations of the Company hereunder or shift primary liability for any
Indemnity Obligation to any other Person with whom or which Indemnitee may be associated. Subject to Section 7(a), any indemnification, insurance or advancement provided by any other Person with whom or which Indemnitee may be associated with
respect to any liability arising as a result of Indemnitee’s Corporate Status or capacity as an officer or director of any Person or otherwise is specifically in excess over any Indemnity Obligation of the Company or valid and any collectible
insurance (including but not limited to any malpractice insurance or professional errors and omissions insurance) provided by the Company under this Agreement. 

  
 11 

 (c) For the duration of Indemnitee’s service as a director and/or officer of the
Company, and thereafter for so long as Indemnitee shall be subject to any pending or possible Proceeding, the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost
thereof) to cause to be maintained in effect policies of directors’ and officers’ liability insurance providing coverage for directors and/or officers of the Company that is at least substantially comparable in scope and amount to that
provided by the Company’s current policies of director and officer liability insurance, and Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any
such director, officer, employee or agent under such policy or policies and such policies shall provide for and recognize that the insurance policies are primary to any rights to indemnification, advancement or insurance proceeds to which Indemnitee
may be entitled from one or more Persons with whom or which Indemnitee may be associated to the same extent as the Company’s indemnification and advancement obligations set forth in this Agreement. The Company shall provide Indemnitee with a
copy of all director and officer liability insurance applications, binders, policies, declarations, endorsements and other related materials and shall provide Indemnitee with a reasonable opportunity to review and comment on the same. If, at the
time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance
with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in accordance
with the terms of such policies. 
 (d) In the event of any payment under this Agreement, the Company shall not be subrogated to
the rights of recovery of Indemnitee, including rights of indemnification provided to Indemnitee from any other Person with whom Indemnitee may be associated; provided, however, that the Company shall be subrogated to the extent of any such
payment of all rights of recovery of Indemnitee under insurance policies of the Company or any of its subsidiaries. 
 (e) The
indemnification and contribution provided for in this Agreement shall remain in full force and effect regardless of any investigation made by or on behalf of Indemnitee. 
 Section 14. Not Employment Contract. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or
substantially all of the business or assets of the Company, by agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent the Company would be
required to perform if no such succession had taken place. This Agreement shall be binding upon the Company and its successors and assigns (including any Person acquiring directly or indirectly all or substantially all of the business or assets of
the Company whether by purchase, merger, consolidation, reorganization or otherwise) and shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors and administrators, but this Agreement shall not otherwise be assignable or
delegatable by the Company. This Agreement shall not be deemed an employment, consultancy or independent contractor contract between the Company (or any of its subsidiaries or any 

  
 12 

 
Enterprise) and Indemnitee. Indemnitee specifically acknowledges that Indemnitee’s relationship with the Company (or any of its subsidiaries or any Enterprise) is governed by the Articles of
Incorporation, Bylaws, the BCA and the Investor Rights Agreement (as it may be amended from time to time), among an Affiliate of Indemnitee, the Company and the other parties thereto (the “IRA”). 

Section 15. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or
unenforceable for any reason whatsoever, (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any Section of this Agreement containing any such provision held
to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law, (b) such provision or
provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto, and (c) to the fullest extent possible, the provisions of this Agreement (including
without limitation each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent
manifested thereby. 
 Section 16. Enforcement. 

(a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in
order to induce Indemnitee to serve as a director, officer, employee or agent of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director, officer, employee or agent of the Company.

 (b) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and
supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to and in furtherance of the
Articles of Incorporation, the Bylaws, the BCA, applicable law and the IRA, and shall not be deemed a substitute therefore, nor diminish or abrogate any rights of Indemnitee thereunder. 

Section 17. Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless
executed in writing by the parties thereto. No waiver of any of the provisions of this Agreement shall be deemed to be or shall constitute a waiver of any other provision of this Agreement nor shall any waiver constitute a continuing waiver.

 Section 18. Notices. All notices, requests, demands and other communications under this Agreement shall be in
writing and shall be deemed to have been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (ii) mailed by certified or registered mail with postage
prepaid, on the third business day after the date on which it is so mailed, (iii) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have been directed, or (iv) sent by
facsimile transmission, with receipt of oral confirmation that such transmission has been received: 

  
 13 

 (a) If to Indemnitee, at the address indicated on the signature page of this Agreement, or
such other address as Indemnitee shall provide to the Company. 
 (b) If to the Company to: 

Navigator Holdings Ltd. 
 21 Palmer Street 
 London, SW1H OAD, United Kingdom 

Facsimile: 44 (0)20 73404858 
 Attention: Board of Directors 
 or to any other address as may have been furnished to Indemnitee
by the Company. 
 Section 19. Contribution and Partial Indemnity. To the fullest extent permissible under
applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for
Liabilities or for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect
(i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and transaction(s) giving cause to such Proceeding and (ii) the relative fault of the Company (and its directors, officers, employees and agents)
and Indemnitee in connection with such event(s) and transaction(s). If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of any Liability or Expense, but not for all of the total
amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. 

Section 20. Applicable Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be
governed by, and construed and enforced in accordance with, the laws of the State of New York, United States of America, without regard to its conflict of laws rules. Except with respect to any arbitration commenced by Indemnitee pursuant to
Section 12(a) of this Agreement, the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the United States
District Court located in New York County, New York (the “New York Court”), and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive
jurisdiction of the New York Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the New York Court, and
(iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the New York Court has been brought in an improper or inconvenient forum. 

Section 21. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be
deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement.

  
 14 

 Section 22. Miscellaneous. Use of the masculine pronoun shall be deemed to
include usage of the feminine pronoun where appropriate. The headings of the paragraphs and Sections of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction
thereof. 
 Section 23. Third Party Beneficiaries. Each Other Indemnified Person shall be an express third-party
beneficiary of this Agreement for all purposes. 

  
 15 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and
year first above written. 
  

							
	NAVIGATOR HOLDINGS LTD.	 		  	INDEMNITEE
				
	By:	 	 	 		  	      

	Name:	 		 		  	Name:
	Title:	 		 		  	Title:
		 		 		  	      

		 		 		  	      

		 		 		  	      

		 		 		  	Facsimile:                           
                 

  

  
 Signature
Page to Indemnification AgreementEX-10.1

 Exhibit 10.1 

RETIREMENT AND SEPARATION AGREEMENT 

THIS RETIREMENT AND SEPARATION AGREEMENT (this “Agreement”) is made by and between PARKER
DRILLING COMPANY, a Delaware corporation (“Parker Drilling”), and ROBERT L. PARKER, JR. (“Executive”) this 1st day of November,
2013 (“Effective Date”). Parker Drilling and Executive are sometimes referred to collectively as the “Parties” or individually as a “Party”. 

PURPOSE 
 Parker Drilling
and Executive have reached a mutual agreement that Executive’s employment with Parker Drilling will terminate as a result of Executive’s decision to retire at the close of business on December 31, 2013 (the “Retirement
Date”) pursuant to the terms of this Agreement. 
 TERMS 

To achieve a final and amicable resolution of the employment relationship in all its aspects and in consideration of the mutual covenants and
promises herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: 

1. Termination of Employment Agreement. Except as otherwise provided herein (including, but not limited to, Sections 8, 12 and 15
hereof), this Agreement replaces and terminates that certain First Amended and Restated Employment Agreement entered into as of March 21, 2011, as amended by the Parties on August 29, 2011 and March 5, 2012 (collectively, the
“Employment Agreement”), and will constitute the entire agreement between the Parties. 
 2. Resignation as Officer and
Termination of Employment. Executive hereby resigns all positions as an officer, employee, representative or agent of Parker Drilling and its affiliates effective as of the close of business on the Retirement Date. While Executive is resigning
from his positions as officer, employee, representative or agent of Parker Drilling, Executive is not resigning his current positions as director and chairman of the Board of Directors of Parker Drilling (the “Board”), which terms are set
to expire at the close of the 2014 annual meeting of Parker Drilling stockholders. 
 3. Payment of Accrued Amounts. 

(a) Parker Drilling shall continue to pay to Executive his base salary of $425,000 per year through the Retirement Date, in
accordance with Parker Drilling’s normal payroll schedule and procedures for its executives. 
 (b) On or before the
Retirement Date, Parker Drilling shall pay to Executive an amount equal to $204.32 for each hour of Executive’s accrued but unused paid time off as of the Retirement Date.1 

 

	1 	Calculated by dividing base salary by 2,080 annual hours. $425,000 ÷ 2,080 hrs = $204.32/hr. 

  
 Page 1 of 11 

 (c) In the event that the Compensation Committee of the Board approves 2013
annual cash bonuses to other executives under the Parker Drilling Company Incentive Compensation Plan (as Amended and Restated Effective January 1, 2009), Executive shall receive at the same time as the other participants a cash bonus for 2013,
based on the same corporate scorecard applied to other senior executives and Executive’s individual performance factor, as determined by the Compensation Committee. 

4. Cash Payment. Provided that the Waiver and Release referenced in Section 11 and attached hereto as Appendix B becomes
irrevocable by Executive (defined as the Waiver Effective Date in the Waiver and Release), Parker Drilling shall pay to Executive in a lump sum six (6) months following the Retirement Date an amount equal to $2,488,023.50.2 
 5. Vesting of Restricted Stock and Performance Units on Pro Rata Basis.
Executive is the recipient of certain Parker Drilling restricted stock units and performance units that are not vested as of the Effective Date (respectively “RSUs” and “Performance Units”), which RSUs and Performance Units
are listed on Appendix A to this Agreement. Parker Drilling granted the RSUs and Performance Units to Executive pursuant to certain award agreements (the “Award Agreements”), the Parker Drilling Company 2010 Long-Term Incentive Plan; the
Parker Drilling Company Long-Term Incentive Program for 2011; the Parker Drilling Company Long-Term Incentive Program for 2012; and the Parker Drilling Company 2010 Long-Term Incentive Plan, as Amended and Restated on May 8, 2013 (collectively,
the “LTIP”). The terms of the Award Agreements provide that Executive’s rights to the RSUs shall vest on a Pro Rata Basis (as defined in the LTIP) upon termination of Executive’s employment with Parker Drilling under certain
circumstances. Parker Drilling hereby fully vests and removes all restrictions from, the number of RSUs designated on Appendix A as vested on the Retirement Date (December 31, 2013), and such RSUs are hereby fully vested and transferable to
Executive free of any and all restrictions as of the Retirement Date. All RSUs that remain unvested as of the Retirement Date shall be forfeited by Executive as of the Retirement Date. Section 2(c) of the Employment Agreement provides that
Executive’s rights to the Performance Units shall vest on a Pro Rata Basis (as defined therein). Payment for such Performance Units shall be made at such time as the Compensation Committee of the Board certifies Parker Drilling’s
performance during each of the Performance Periods as defined in Section 2(c) of the Employment Agreement.  
 6. Group Health
Coverage. 
 (a) Parker Drilling shall provide to Executive and his covered dependents, if any, coverage as in effect for
Executive on the date immediately prior to the Retirement Date under Parker Drilling’s group health plan and group dental plan for a period of twenty-four (24) months following the Retirement Date; provided, however, Executive and his
covered dependents, if any, shall not be required to pay any portion of the premium cost to retain such coverages except that the cost of such coverages will be imputed as income and reported as wages to Executive in the event that Parker Drilling
maintains a self-funded group health plan and/or group dental plan and such Parker Drilling-provided coverage would otherwise be discriminatory within the meaning of Section 105(h) of the Internal Revenue Code of 1986, as amended (the
“Code”). In all other respects, Executive shall be treated the same as other participants under the terms of such plans. 

(b) From and after the later of (i) the end of the then 24-month period described in Section 6(a) or (ii) the
date on which Executive no longer receives health benefits (if any) as a member of the Board, Executive and his covered dependents, if any, shall be entitled to elect continuation coverage under such plans pursuant to the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended (“COBRA”), and Parker Drilling’s procedures for COBRA administration (“COBRA Coverage”). In the event that COBRA Coverage is elected, (i) the COBRA time period shall not be reduced
by the post-termination continuation coverage provided pursuant to Section 6(a) and (ii) Executive (and his covered dependents, if any) must pay the full COBRA premium rates as effective during the COBRA Coverage period. In the event
Executive does not execute and deliver the Waiver and Release described in Section 11, Executive and his covered dependents, if any, shall be entitled to only COBRA Coverage after the Retirement Date. 

 

	2 	Calculated based on a high salary of $606,835 and a high bonus of $637,177. ($606,835 + $637,177) x 2 = $2,488,023.50. 

  
 Page 2 of 11 

 (c) In the event of any change to the group health plan or group dental plan
following the Retirement Date, Executive shall be treated consistently with senior officers of Parker Drilling (or its successor) with respect to the terms and conditions of coverage and other substantive provisions of the plan; provided, however,
no participant contributions shall be required from Executive (and his covered dependents, if any) unless COBRA Coverage is in effect. Notwithstanding the foregoing provisions of this Section 6(c), the coverage of Executive (and his dependents,
if any) under such health and/or dental plans maintained by Parker Drilling shall terminate in the event that Executive becomes employed by another for-profit employer which maintains a group health plan or plans for its employees providing group
health coverage or group dental coverage, as applicable; provided, however, any COBRA Coverage shall not be terminated unless and until permitted under COBRA. For purposes of the preceding sentence, (i) the coverage of Executive (and his
dependents, if any) under the health and/or dental plans maintained by Parking Drilling shall not terminate until Executive becomes eligible to participate in such group health and group dental coverage of another for-profit employer and
(ii) personal coverage obtained by Executive other than through employment or coverage available by reason of Executive’s performance of services as an independent contractor shall not be considered. 

7. Withholdings; Right of Offset. Parker Drilling may withhold and deduct from any benefits and payments made or to be made
pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling, (b) all other normal deductions made with respect to Parker Drilling’s employees
generally, and (c) any advances made to Executive and owed to Parker Drilling. 
 8. Indemnity Rights. The Parties
agree that the terms and provisions of Section 24 of the Employment Agreement shall remain in full force and effect. 
 9.
Miscellaneous Matters. 
 (a) Parker Drilling shall allow Executive to retain the AXA life insurance policy #111300091
referenced in Section 5(a)(2) of the Employment Agreement, with a maximum death benefit of $3,000,000 payable to the Designated Beneficiary under the policy. In order for Executive to continue the life insurance coverage, he must pay all
premium amounts due after the Retirement Date. Parker Drilling shall assign any and all rights in such insurance policy to Executive, and Executive agrees to assume any and all obligations for future payments due under such insurance policy. 

(b) Executive shall be allowed to retain the iPhone provided by Parker Drilling without cost to Executive, but Executive shall
assume and pay all usage, repair or replacement charges associated with the iPhone from and after the Retirement Date; provided, however, that (i) Parker Drilling shall pay for the cost of usage and the data plan for Executive’s iPhone and
iPad so long as Executive remains the Non-Executive Chairman of the Board and (ii) Parker Drilling retains the right to remove any information related to Parker Drilling which exists on the iPhone from and after the Retirement Date. 

(c) Executive shall also be allowed to retain the laptop computer, the iPad and the Dell PC at Executive’s home that were
provided by Parker Drilling, without cost to Executive; provided, however, that Parker Drilling retains the right to remove any information related to Parker Drilling which exists on the laptop, iPad or Dell PC from and after the Retirement Date.

 (d) Executive shall have access to assistance from Parker Drilling’s Information Technology Help Desk and shall be
permitted to continue use of his Parker Drilling email account, but such assistance and use of such email account may be withdrawn at any time after Executive’s service as a member of the Board is concluded. 

(e) Executive shall be allowed to use an office at Parker Drilling’s headquarters and shall be provided with secretarial
support (not to exceed ten (10) hours per week) and an access card for such office, so long as Executive remains the Non-Executive Chairman of the Board. 

  
 Page 3 of 11 

 (f) Except as otherwise provided hereunder, promptly after the Retirement Date,
Executive shall return to Parker Drilling all property of Parker Drilling in Executive’s possession. Likewise, Parker Drilling shall return to Executive (or provide access so that Executive may collect) all property of Executive in Parker
Drilling’s possession, on a mutually agreeable schedule that shall not extend beyond the date of the 2014 annual meeting of Parker Drilling stockholders. 

10. Future Board Service. For purposes of business continuity and in order to facilitate a seamless and orderly succession plan
in connection with relinquishing his role as Chairman of the Board at the close of the 2014 annual meeting of Parker Drilling stockholders, Executive agrees to stand for re-election as a Class III director at such annual meeting of stockholders, and
Parker Drilling shall pay Executive $250,000 on the business day preceding Parker Drilling’s annual meeting of stockholders in each of the 2015, 2016 and 2017 calendar years; provided, however, that on each of such business days Executive
serves, and has continuously since the Retirement Date served, as a director on the Board. This additional stipend is based upon Executive’s agreement to provide ad hoc support to Parker Drilling in matters that would be
beneficial to the interests of Parker Drilling, including Executive’s historical and industry knowledge, client relationships and related expertise. The amounts payable to Executive pursuant to this Section 10 shall be in addition to, and
not in lieu of, the compensation and benefits that Executive is otherwise entitled to as a non-employee director of Parker Drilling, including, without limitation, annual cash retainer fees, meeting fees, equity grants and other fees and
reimbursements payable to a Class III director. The Board shall designate Executive as Chairman Emeritus of the Board, effective when Executive ceases to serve as a director of the Board. 

11. Global Release of Claims. On the Retirement Date, Executive shall execute and deliver to Parker Drilling the Waiver and
Release attached hereto as Appendix B (the “Waiver and Release”). 
 12. Restrictive Covenants. The Parties
(a) agree that the terms and provisions of Sections 10 through 20 of the Employment Agreement shall remain in effect after the Effective Date pursuant to their respective terms and (b) acknowledge and agree that the restrictions under
Sections 13 through 15 of the Employment Agreement shall expire on December 31, 2014, subject to Section 17 of the Employment Agreement. 

13. Knowing and Voluntary Agreement. The Executive understands it is his choice whether to enter into this Agreement and that his
decision to do so is voluntary and is made knowingly. The Executive acknowledges that he has been advised by Parker Drilling to seek legal counsel to review this Agreement. 

14. Press Release. Parker Drilling and Executive shall cooperate in the preparation of a press release by Parker Drilling
announcing Executive’s planned retirement from Parker Drilling, the content of which shall be subject to the review and approval of Executive, which approval shall not be unreasonably withheld, conditioned or delayed. In no event shall
Executive’s rights under this Section 14 prevent Parker Drilling from fulfilling its obligations under applicable stock exchange rules and securities laws and regulations. 

15. Dispute Resolution. If any dispute arises out of or is related to this Agreement, Parker Drilling and Executive hereby agree
to resolve such dispute pursuant to the provisions of Section 28 of the Employment Agreement. 
 16. Severability.
It is the desire of the parties hereto that this Agreement (including the provisions of the Employment Agreement incorporated by reference herein) be enforced to the maximum extent permitted by law, and should any provision contained herein be held
unenforceable by a court of competent jurisdiction or arbitrator (pursuant to Section 28 of the Employment Agreement), the parties hereby agree and consent that such provision shall be reformed to create a valid and enforceable provision to the
maximum extent permitted by law; provided, however, if such provision cannot be reformed, it shall be deemed ineffective and deleted herefrom without affecting any other provision of this Agreement. This Agreement should be construed by limiting and
reducing it only to the minimum extent necessary to be enforceable under then applicable law. 

  
 Page 4 of 11 

 17. No Admission of Liability. This Agreement and compliance with this Agreement
shall not be construed as an admission by Parker Drilling or Executive of any liability whatsoever, or as an admission by Parker Drilling of any violation of the rights of Executive or any other person, or any violation of any order, law, statute,
duty or contract. 
 18. Intention to Comply with Code Section 409A.  

(a) This Agreement is intended to comply with Code Section 409A. Executive acknowledges that if any provision of this
Agreement (or of any award of compensation or benefits) would cause Executive to incur any additional tax or interest under Code Section 409A and accompanying Treasury regulations and other authoritative guidance, such additional tax and
interest shall solely be his responsibility. 
 (b) Pursuant to Code Section 409A, no reimbursement of any expense shall
be made by Parker Drilling after December 31st of the year following the calendar year in which the expense was incurred. The amount eligible for reimbursement under this Agreement during a taxable year may not affect expenses eligible for
reimbursement in any other taxable year, and the right to reimbursement under this Agreement is not subject to liquidation or exchange for another benefit. 

(c) For purposes of Code Section 409A, each payment under this Agreement shall be deemed to be a separate payment. Except
as permitted under Code Section 409A, any deferred compensation (within the meaning of Code Section 409A) payable to Executive under this Agreement may not be reduced by, or offset against, any amount owing by Executive to Parker Drilling
or any of its affiliates. 
 19. Attorneys’ Fees. On or before December 31, 2013, Parker Drilling shall pay Executive
for the attorneys’ fees reasonably incurred by Executive in the negotiation, drafting and execution of this Agreement and the documents contemplated herein. Also, Parker Drilling shall pay Executive for the attorneys’ fees reasonably
incurred by Executive from time to time in the implementation and any enforcement of this Agreement by Executive. At Executive’s request, such payments shall be made directly by Parker Drilling to such attorneys.  

20. Governing Law. This Agreement will be interpreted and enforced in accordance with the laws of the State of Texas, without
regard to the principles of conflicts of laws. 
 21. Notices. Each notice or other communication required or permitted
under this Agreement shall be in writing and transmitted, delivered, or sent by personal delivery, prepaid courier or messenger service (whether overnight or same-day), or prepaid certified United States mail (with return receipt requested),
addressed (in any case) to the other party at the address for that party set forth below that party’s signature on this Agreement, or at such other address as the recipient has designated by notice to the other party. Either party may change
the address for notice by notifying the other party of such change in accordance with this Section 21. 
 22. Entirety and
Integration. Upon the execution hereof by Parker Drilling and Executive, this Agreement (including the provisions of the Employment Agreement incorporated by reference herein) shall constitute a single, integrated contract expressing the entire
agreement of the parties relative to the subject matter hereof and supersedes all prior negotiations, understandings and/or agreements, if any, of the parties. No covenants, agreements, representations, or warranties of any kind whatsoever have been
made by any party hereto, except as specifically set forth in this Agreement. 
 23. Authorization. Each person signing
this Agreement as a party or on behalf of a party represents that he or she is duly authorized to sign this Agreement on such party’s behalf, and is executing this Agreement voluntarily, knowingly, and without any duress or coercion.

 [SIGNATURE PAGE FOLLOWS] 

  
 Page 5 of 11 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement, which may be executed in
multiple counterparts, as of the date first above written. 
  

					
	PARKER DRILLING COMPANY	 		 	EXECUTIVE
			
	/s/ Gary G. Rich	 		 	/s/ ROBERT L. PARKER, JR.
	By: Gary G. Rich	 		 	ROBERT L. PARKER, JR.
	Its: President and CEO	 		 	
			
	Date: 11/01/13	 		 	Date: 11/01/13
			
	Address for Notices:	 		 	Address for Notices:
			
	Parker Drilling Company	 		 	Mr. Robert L. Parker, Jr.
	Attn: Chairman, Compensation Committee	 		 	3113 Avalon Place
	of the Board of Directors	 		 	Houston, Texas 77019
	5 Greenway Plaza, Suite 100	 		 	
	Houston, Texas 77046	 		 	

  
 Page 6 of 11 

 Appendix A 

Restricted Stock Unit Grants 
  

													
	 Date of Award Agreement
	  	Number of
Grant Units	 	  	Number of Units
Forfeited	 	  	Number of Units Vested
as of December 31, 2013	 
	 March 11, 2011
	  	 	144,396	  	  	 	8,022	  	  	 	136,374	  
	 May 18, 2012
	  	 	115,930	  	  	 	51,524	  	  	 	64,406	  
	 May 20, 2013
	  	 	118,056	  	  	 	91,821	  	  	 	26,235	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total
	  	 	378,382	  	  	 	151,367	  	  	 	227,015	  

 Performance Unit Grants 

 

							
	 Date of Award Agreement
	  	Number of
Grant Units	 	Number of Units Vested
as of December 31, 2013	 
	 March 11, 2011
	  	12,533.57
 (Performance Units)
	 	 	12,533.57	  
	 May 18, 2012
	  	12,534
 (Performance Units)
	 	 	8,356	  
	 May 20, 2013
	  	3,761
 (Performance Cash Units)
	 	 	1,254	  
	 May 20, 2013
	  	88,542
 (Performance Stock Units)
	 	 	29,514	  

  
 Page 7 of 11 

 Appendix B 

WAIVER AND RELEASE 

Pursuant to the terms of the Retirement and Separation Agreement made as of November 1, 2013, between Parking Drilling Company (the
“Company”) and me (the “Retirement and Separation Agreement”), and in consideration of the payments made to me and other benefits to be received by me pursuant thereto, including the payment of severance as provided in the
Retirement and Separation Agreement six (6) months following the Retirement Date (as defined in the Retirement and Separation Agreement), I, ROBERT L. PARKER, JR., do freely and voluntarily enter into this Waiver and Release (the
“Release”), which shall become effective and binding on the eighth day following my signing this Waiver and Release as provided herein (the “Waiver Effective Date”). It is my intent to be legally bound, according to the terms set
forth below. 
 In exchange for the payments and other benefits to be provided to me by the Company pursuant to the Retirement and Separation Agreement (the
“Separation Payment” and “Separation Benefits”), I hereby agree and state as follows: 
 1. I, individually and on
behalf of my heirs, personal representatives, successors, and assigns, release, waive, and discharge Company, its predecessors, successors, parents, subsidiaries, merged entities, operating units, affiliates, divisions, insurers, administrators,
trustees, and the agents, representatives, officers, directors, shareholders, employees and attorneys of each of the foregoing (hereinafter “Released Parties”), from all claims, debts, liabilities, demands, obligations, promises, acts,
agreements, costs, expenses, damages, actions, and causes of action, whether in law or in equity, whether known or unknown, suspected or unsuspected, arising from my employment and termination from employment with Company, including but not limited
to any and all claims pursuant to Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act of 1991 (42 U.S.C. § 2000e, et seq.), which prohibits discrimination in employment based on race, color, national origin,
religion or sex; the Civil Rights Act of 1866 (42 U.S.C. §§1981, 1983 and 1985), which prohibits violations of civil rights; the Age Discrimination in Employment Act of 1967, as amended, and as further amended by the Older Workers Benefit
Protection Act (29 U.S.C. §621, et seq.), which prohibits age discrimination in employment; the Employee Retirement Income Security Act of 1974, as amended (29 U.S.C. § 1001, et seq. ), which protects certain employee
benefits; the Americans with Disabilities Act of 1990, as amended (42 U.S.C. § 12101, et seq.), which prohibits discrimination against the disabled; the Family and Medical Leave Act of 1993 (29 U.S.C. § 2601, et seq.), which
provides medical and family leave; the Fair Labor Standards Act (29 U.S.C. § 201, et seq.), including the wage and hour laws relating to payment of wages; and all other federal, state and local laws and regulations prohibiting employment
discrimination. This Release also includes, but is not limited to, a release of any claims for breach of contract, mental pain, suffering and anguish, emotional upset, impairment of economic opportunities, unlawful interference with employment
rights, defamation, intentional or negligent infliction of emotional distress, fraud, wrongful termination, wrongful discharge in violation of public policy, breach of any express or implied covenant of good faith and fair dealing, that Company has
dealt with me unfairly or in bad faith, and all other common law contract and tort claims.  
 Notwithstanding the foregoing, I am not waiving any
rights or claims that may arise after this Waiver and Release is signed by me. Moreover, this Waiver and Release does not apply to any claims or rights which, by operation of law, cannot be waived, including the right to file an administrative
charge or participate in an administrative investigation or proceeding; however, by signing this Waiver and Release I disclaim and waive any right to share or participate in any monetary award resulting from the prosecution of such charge or
investigation or proceeding. Nothing in this Waiver and Release shall affect in any way my rights of indemnification and directors and officers liability insurance coverage provided to me pursuant to the Company’s by-laws, my employment
agreement, and/or pursuant to any other agreements or policies in effect prior to the effective date of my termination, which shall continue in full force and effect, in accordance with their terms, following the Waiver Effective Date. 

  
 Page 8 of 11 

 2. I forever waive and relinquish any right or claim to reinstatement to active employment with
Company, its affiliates, subsidiaries, divisions, parent, and successors. I further acknowledge that Company has no obligation to rehire or return me to active duty at any time in the future. 

3. I acknowledge that all agreements applicable to my employment respecting non-competition, non-solicitation, non-recruitment, derogatory statements, and the confidential or proprietary information of the Company shall continue in full force and effect as described
in the Employment Agreement, as modified by the Retirement and Separation Agreement. 
 4. I hereby acknowledge and affirm as follows: 

(a) I have been advised to consult with an attorney prior to signing this Waiver and Release. 

(b) I have been extended a period of 21 days in which to consider this Waiver and Release. 

(c) I understand that for a period of seven days following my execution of this Waiver and Release, I may revoke the Waiver and
Release by notifying the Company, in writing, of my desire to do so. I understand that after the seven-day period has elapsed and I have not revoked this Waiver and Release, it shall then become effective and enforceable. I understand that the
Separation Payment will not be made under the Retirement and Separation Agreement and I will not be entitled to the Severance Benefits made under the Retirement and Separation Agreement until after the seven-day period has elapsed and I have not
revoked this Waiver and Release. 
 (d) I acknowledge that I have received payment for all wages due at time of my employment
termination, including any reimbursement for any and all business related expenses. I further acknowledge that the Separation Payment and the Separation Benefits are consideration to which I am not otherwise entitled under any Company plan, program,
or prior agreement. 
 (e) I certify that, except as provided in the Retirement and Separation Agreement, I have returned all
property of the Company, including but not limited to, keys, credit and fuel cards, files, lists, and documents of all kinds regardless of the medium in which they are maintained. 

(f) I have carefully read the contents of this Waiver and Release and I understand its contents. I am executing this Waiver and
Release voluntarily, knowingly, and without any duress or coercion. 
 5. I agree to cooperate with the Company and its legal counsel in
connection with any current or future litigation, investigation or other legal matters involving the Company about which I have knowledge or information, and I agree to make myself available for that purpose. My obligations to cooperate under this
Paragraph 5 shall begin on my Retirement Date and shall continue after the termination of my employment. 
 (a) Among other
matters, I agree to cooperate fully with the Company and its legal counsel in all matters concerning: 
 (i) requests for
information relating to my employment with the Company; 
 (ii) the defense or prosecution of any claims or actions now in
existence or which may be brought in the future against or on behalf of the Company, which relate to events or occurrences that transpired while I was employed by the Company or of which I otherwise have knowledge; and/or 

  
 Page 9 of 11 

 (iii) any investigation or review by any U.S. or other government, regulatory,
quasi-regulatory or self-governing authority (including, without limitation, the U.S. Department of Justice or the U.S. Securities and Exchange Commission) to the extent such investigation or review relates to events or occurrences that transpired
while I was employed by the Company or of which I otherwise have knowledge. 
 (b) Among other activities, my cooperation
shall include: 
 (i) making myself available to meet and speak with officers or employees of the Company, the Company’s
counsel or, upon the Company’s request, third-parties, at reasonable times and reasonable locations to be determined by the Company; 

(ii) providing truthful and complete information or testimony at interviews or in connection with any legal proceedings or
other actions; 
 (iii) producing all documents in my possession or control requested by the Company; 

(iv) executing documents at the Company’s request, provided that they are accurate and truthful; and/or 

(v) taking such other actions as may reasonably be requested by the Company and/or the Company’s counsel to effectuate the
foregoing. 
 (c) Without the Company’s express prior approval or unless required by law, I will not furnish information
to or cooperate with any non-governmental entity or person in connection with any proceeding or legal action involving the Company. Nothing in this Separation Agreement and Release is intended to or shall preclude me from providing truthful and
complete testimony in response to a valid subpoena, court order, regulatory request or other judicial, administrative or legal process or otherwise as required by law. I shall notify the Company in writing as promptly as practicable after receiving
any such demand and, where possible, shall provide such notice no less than ten (10) days prior to responding or otherwise complying with such demand. 

(d) The Company will reimburse me for any reasonable, out-of-pocket travel, hotel and meal expenses and reasonable
attorney’s fees (to the extent I reasonably determine legal counsel to be necessary to my cooperation hereunder) incurred in connection with the performance of my obligations pursuant to this Paragraph 5. In addition, if my activities pursuant
to this Paragraph 5 require more than ten (10) hours of my time, the Company shall compensate me for all such time at the rate of $205 per hour. 

6. I acknowledge that this Waiver and Release shall not be construed as an admission by any of the Released Parties of any liability
whatsoever, or as an admission by any of the Released Parties of any violation of my rights or of any other person, or any violation of any order, law, statute, duty or contract. 

7. I agree that the terms and conditions of this Waiver and Release are confidential and that I will not, directly or indirectly, disclose the
existence of or terms of this Waiver and Release to anyone other than my attorney or tax advisor, except to the extent such disclosure may be required for accounting or tax reporting purposes or otherwise be required by law or direction of a court.
Nothing in this provision shall be construed to prohibit me from disclosing this Waiver and Release to the Equal Employment Opportunity Commission in connection with any complaint or charge submitted to that agency. 

  
 Page 10 of 11 

 8. In the event that any provision of this Waiver and Release should be held void, voidable, or
unenforceable, the remaining portions shall remain in full force and effect. 
 9. I hereby declare that this Waiver and Release and the
Retirement and Separation Agreement constitute the entire and final settlement between me and the Company, superseding any and all prior agreements, and that the Company has not made any promise or offered any other agreement, except those expressed
in this Waiver and Release and the Retirement and Separation Agreement, to induce or persuade me to enter into this Waiver and Release. 
 IN WITNESS
WHEREOF, I have signed this Waiver and Release on the 1st day of November, 2013. 
  

	
	   

	ROBERT L. PARKER, JR.

  
 Page 11 of 11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]