Document:

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                                                                  EXHIBIT 10.39

                      CONTINENTAL SOUTHERN RESOURCES, INC.
                        RESTRICTED STOCK AWARD AGREEMENT

         THIS RESTRICTED STOCK AGREEMENT (this "AGREEMENT") is made and entered
into by and between Continental Southern Resources, Inc. (the "COMPANY") and
__________, an Employee of the Company ("GRANTEE") effective as of the grant
date(s) shown in APPENDIX A attached hereto.

         WHEREAS, effective February 26, 2004 Grantee shall be an employee of
Continental Southern Resources, Inc. (the "Company") and as an inducement for
such employment, the Company desires to grant to Grantee a number of restricted
shares of the Company's common stock, par value $.001 per share (the "COMMON
STOCK"), subject to the terms and conditions of this Agreement, with a view to
increasing Grantee's interest in the Company's welfare and growth; and

         WHEREAS, Grantee desires to receive shares of the Common Stock as
inducement stock pursuant to the employment agreement between Grantee and
Company dated February 26, 2004.

         NOW, THEREFORE, in consideration of the premises, mutual covenants and
agreements contained herein, and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto,
intending to be legally bound hereby, agree as follows:

         1. GRANT OF COMMON STOCK. Subject to the restrictions, forfeiture
provisions and other terms and conditions set forth herein (a) the Company
hereby grants to Grantee the number of shares of Common Stock ("RESTRICTED
SHARES") as set out in Appendix A hereto, and (b) subject to the terms hereof,
Grantee shall have and may exercise rights and privileges of ownership of such
Restricted Shares, including, without limitation, the voting rights of such
shares and the right to receive dividends declared in respect thereof. This
Agreement and the grant of Restricted Shares are subject to administration by
and the rules and procedures established by the Board of Directors of the
Company (the "Board") or a committee appointed by the Board to administer this
Agreement (the "Committee") and the Board or the Committee, if so appointed,
shall have the authority to construe and interpret the terms of this Agreement
and to provide omitted terms to carry out this Agreement. Except with respect to
Section 3(v), any authority provided to the Company, the Board or Committee
herein shall also be provided to the Committee, if one is appointed by the
Board. The Committee shall have the authority to take all actions that it deems
advisable for the administration of this Agreement.

         2. TRANSFER RESTRICTIONS; VESTING.

         (a) Generally. Grantee shall not sell, assign, transfer, exchange,
pledge, encumber, gift, devise, hypothecate or otherwise dispose of
(collectively, "TRANSFER") any Restricted Shares prior to their vesting in
accordance with the Vesting Schedule set out in Appendix A. Further, even after
such Restricted Shares become vested, such vested Restricted Shares may not be
sold or otherwise disposed of in any manner which would constitute a violation
of any applicable federal or state securities or other applicable law or Company
policies as determined by Company on advice of counsel chosen by the Company in
its sole discretion. Restricted

<PAGE>

Shares shall vest as of each of the Vesting Dates set out in Appendix A provided
that Grantee remains an Employee through the Vesting Date, except as may
otherwise be provided herein.

         (b) Dividends, etc. If the Company (i) declares a dividend or makes a
distribution on Common Stock in shares of Common Stock or (ii) subdivides or
reclassifies outstanding shares of Common Stock into a greater number of shares
of Common Stock or (iii) combines or reclassifies outstanding shares of Common
Stock into a smaller number of shares of Common Stock, then the number of shares
of Grantee's Common Stock subject to the transfer restrictions in this Agreement
shall be proportionally increased or reduced as to prevent enlargement or
dilution of Grantee's rights and duties hereunder. The determination of the
Company's Board of Directors regarding such adjustment should be final and
binding.

         3. VESTING ON CHANGE IN CONTROL. Notwithstanding the provisions in
Section 2, on the date immediately preceding the date of a Change in Control of
the Company (as defined below), the Restricted Shares shall be 100% vested. For
purposes of this Agreement, a "CHANGE IN CONTROL" shall mean the occurrence of
any of the following events:

               (i) the Company (A) shall not be the surviving entity in any
         merger, consolidation or other reorganization (or survives only as a
         subsidiary of an entity other than a previously wholly-owned subsidiary
         of the Company) or (B) is to be dissolved and liquidated, and as a
         result of or in connection with such transaction, the persons who were
         directors of the Company before such transaction shall cease to
         constitute a majority of the Board, or

               (ii) any person or entity, including a "group" as contemplated by
         Section 13(d)(3) of the Securities Exchange Act of 1934, as amended,
         acquires or gains ownership or control (including, without limitation,
         power to vote) of 30% or more of the outstanding shares of the
         Company's voting stock (based upon voting power), and as a result of or
         in connection with such transaction, the persons who were directors of
         the Company before such transaction shall cease to constitute a
         majority of the Board, or

               (iii) the Company sells all or substantially all of the assets of
         the Company to any other person or entity (other than a wholly-owned
         subsidiary of the Company) in a transaction that requires shareholder
         approval pursuant to applicable corporate law; or

               (iv) During a period of two consecutive calendar years,
         individuals who at the beginning of such period constitute the Board,
         and any new director(s) whose election by the Board or nomination for
         election by the Company's stockholders was approved by a vote of at
         least a majority of the directors then still in office, who either were
         directors at the beginning of the two (2) year period or whose election
         or nomination for election was previously so approved, cease for any
         reason to constitute a majority of the Board; or

               (v) any other event that a majority of the Board, in its sole
         discretion, shall determine constitutes a Change in Control hereunder.

                                       2

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         4. FORFEITURE.

         (a) Termination of Employment. If Grantee's employment with the Company
is terminated by the Company or Grantee for any reason, then Grantee shall
immediately forfeit all Restricted Shares which are unvested unless the Board of
Directors, in its sole discretion, determines that any or all of such unvested
Restricted Shares shall not be so forfeited.

         (b) Forfeited Shares. Any Restricted Shares forfeited under this
Section 5 shall automatically revert to the Company and become canceled. Any
certificate(s) representing Restricted Shares which include forfeited shares
shall only represent that number of Restricted Shares which have not been
forfeited hereunder. Upon the Company's request, Grantee agrees for himself and
any other holder(s) to tender to the Company any certificate(s) representing
Restricted Shares which include forfeited shares for a new certificate
representing the unforfeited number of Restricted Shares.

         5. ISSUANCE OF CERTIFICATE.

         (a) The Company shall cause to be issued a stock certificate,
registered in the name of the Grantee, evidencing the Restricted Shares upon
receipt of a stock power duly endorsed in blank with respect to such shares. In
addition to any other legends that may be required by the Shareholders'
Agreement or otherwise, each such stock certificate shall bear the following
legend:

                  THE TRANSFERABILITY OF THIS CERTIFICATE AND THE SHARES OF
                  STOCK REPRESENTED HEREBY ARE SUBJECT TO THE RESTRICTIONS,
                  TERMS AND CONDITIONS (INCLUDING FORFEITURE AND RESTRICTIONS
                  AGAINST TRANSFER) CONTAINED IN THE RESTRICTED STOCK AGREEMENT
                  ENTERED INTO BETWEEN THE REGISTERED OWNER OF SUCH SHARES AND
                  CONTINENTAL SOUTHERN RESOURCES, INC.. COPIES OF THE RESTRICTED
                  STOCK AGREEMENT ARE ON FILE IN THE OFFICE OF THE SECRETARY OF
                  CONTINENTAL SOUTHERN RESOURCES, INC., LOCATED AT 1001 FANNIN,
                  SUITE 1700, HOUSTON, TEXAS 77002.

Such legend shall not be removed from the certificate evidencing Restricted
Shares until such time as the restrictions thereon have lapsed.

         (b) The certificate issued pursuant to this Section 6, together with
the stock powers relating to the Restricted Shares evidenced by such
certificate, shall be held by the Company. The Company may issue to the Grantee
a receipt evidencing the certificates held by it which are registered in the
name of the Grantee.

         6. TAX REQUIREMENTS.

         (a) Tax Withholding. The Company shall have the power and the right to
deduct or withhold, or require the Participant to remit to the Company, an
amount sufficient to satisfy

                                       3

<PAGE>

federal, state, and local taxes, domestic or foreign, required by law or
regulation to be withheld with respect to any taxable event arising as a result
of this grant.

         (b) Share Withholding. With respect to tax withholding required upon
any taxable event arising as a result of this grant, Participant may elect,
subject to the approval of the Board or Committee in its sole discretion, to
satisfy the withholding requirement, in whole or in part, by having the Company
withhold shares of common stock having a Fair Market Value on the date the tax
is to be determined equal to the statutory total tax which could be imposed on
the transaction. All such elections shall be made in writing, signed by the
Participant, and shall be subject to any restrictions or limitations that the
Committee, in its discretion, deems appropriate. Any fraction of a share of
common stock required to satisfy such obligation shall be disregarded and the
amount due shall instead be paid in cash by the Participant.

         7. MISCELLANEOUS.

         (a) Certain Transfers Void. Any purported transfer of Restricted Shares
in breach of any provision of this Agreement shall be void and ineffectual, and
shall not operate to transfer any interest or title in the purported transferee.

         (b) No Fractional Shares. All provisions of this Agreement concern
whole shares of Common Stock. If the application of any provision hereunder
would yield a fractional share, the value of such fractional share shall be paid
to the Grantee in cash.

         (c) Not an Employment Agreement. This Agreement is not an employment
agreement, and this Agreement shall not be, and no provision of this Agreement
shall be construed or interpreted to create any employment relationship or right
to continued employment with the Company, Company affiliates, parent, subsidiary
or their affiliates.

         (d) Dispute Resolution.

               (i) Arbitration. All disputes and controversies of every kind and
         nature between any parties hereto arising out of or in connection with
         this Agreement or the transactions described herein as to the
         construction, validity, interpretation or meaning, performance,
         non-performance, enforcement, operation or breach, shall be submitted
         to arbitration pursuant to the following procedures:

                    (1) After a dispute or controversy arises, any party may, in
               a written notice delivered to the other parties to the dispute,
               demand such arbitration. Such notice shall designate the name of
               the arbitrator (who shall be an impartial person) appointed by
               such party demanding arbitration, together with a statement of
               the matter in controversy.

                    (2) Within 30 days after receipt of such demand, the other
               parties shall, in a written notice delivered to the first party,
               name such parties' arbitrator (who shall be an impartial person).
               If such parties fail to name an arbitrator, then the second
               arbitrator shall be named by the American Arbitration Association
               (the "AAA"). The two arbitrators so selected shall name a third
               arbitrator (who shall be an impartial person) within 30 days, or
               in lieu of such agreement on a third arbitrator by the two
               arbitrators so appointed, the third arbitrator shall be appointed
               by the AAA. If any arbitrator appointed

                                       4

<PAGE>

               hereunder shall die, resign, refuse or become unable to act
               before an arbitration decision is rendered, then the vacancy
               shall be filled by the method set forth in this Section for the
               original appointment of such arbitrator.

                    (3) Each party shall bear its own arbitration costs and
               expenses. The arbitration hearing shall be held in Houston, Texas
               at a location designated by a majority of the arbitrators. The
               Commercial Arbitration Rules of the American Arbitration
               Association shall be incorporated by reference at such hearing
               and the substantive laws of the State of Texas (excluding
               conflict of laws provisions) shall apply.

                    (4) The arbitration hearing shall be concluded within ten
               (10) days unless otherwise ordered by the arbitrators and the
               written award thereon shall be made within fifteen (15) days
               after the close of submission of evidence. An award rendered by a
               majority of the arbitrators appointed pursuant to this Agreement
               shall be final and binding on all parties to the proceeding,
               shall resolve the question of costs of the arbitrators and all
               related matters, and judgment on such award may be entered and
               enforced by either party in any court of competent jurisdiction.

                    (5) Except as set forth in Section 7(d)(ii), the parties
               stipulate that the provisions of this Section shall be a complete
               defense to any suit, action or proceeding instituted in any
               federal, state or local court or before any administrative
               tribunal with respect to any controversy or dispute arising out
               of this Agreement or the transactions described herein. The
               arbitration provisions hereof shall, with respect to such
               controversy or dispute, survive the termination or expiration of
               this Agreement.

         No party to an arbitration may disclose the existence or results of any
         arbitration hereunder without the prior written consent of the other
         parties; nor will any party to an arbitration disclose to any third
         party any confidential information disclosed by any other party to an
         arbitration in the course of an arbitration hereunder without the prior
         written consent of such other party.

               (ii) Emergency Relief. Notwithstanding anything in this Section
         7(d) to the contrary, any party may seek from a court any provisional
         remedy that may be necessary to protect any rights or property of such
         party pending the establishment of the arbitral tribunal or its
         determination of the merits of the controversy or to enforce a party's
         rights under Section 7(d).

         (e) Notices. Any notice, instruction, authorization, request or demand
required hereunder shall be in writing, and shall be delivered either by
personal in-hand delivery, by telecopy or similar facsimile means, by certified
or registered mail, return receipt requested, or by courier or delivery service,
addressed to the Company at the address indicated beneath its signature on the
execution page of this Agreement, and to Grantee at his address indicated on the
Company's stock records, or at such other address and number as a party shall
have previously designated by written notice given to the other party in the
manner herein set forth. Notices shall be deemed given when received, if sent by
facsimile means (confirmation of such receipt by confirmed facsimile
transmission being deemed receipt of communications sent by facsimile means),
and when delivered and receipted for (or upon the date of attempted delivery
where

                                       5

<PAGE>

delivery is refused), if hand-delivered, sent by express courier or delivery
service, or sent by certified or registered mail, return receipt requested.

         (f) Amendment and Waiver. This Agreement may be amended, modified or
superseded only by written instrument executed by the Company and Grantee. Any
waiver of the terms or conditions hereof shall be made only by a written
instrument executed and delivered by the party waiving compliance. Any amendment
or waiver agreed to by the Company shall be effective only if executed and
delivered by a duly authorized executive officer of the Company other than
Grantee. The failure of any party at any time or times to require performance of
any provisions hereof shall in no manner effect the right to enforce the same.
No waiver by any party of any term or condition in this Agreement, or breach
thereof, in one or more instances shall be deemed a continuing waiver of any
such condition or breach, a waiver of any other condition, or the breach of any
other term or condition.

         (g) Independent Legal and Tax Advice. The Grantee has been advised and
Grantee hereby acknowledges that he or she has been advised to obtain
independent legal and tax advice regarding this grant of Restricted Shares and
the disposition of such shares, including, without limitation, the election
available under Section 83(b) of the Internal Revenue Code.

         (h) Governing Law and Severability. This Agreement shall be governed by
the internal laws, and not the laws of conflict, of the State of Texas. The
invalidity of any provision of this Agreement shall not affect any other
provision of this Agreement which shall remain in full force and effect.

         (i) Successors and Assigns. Subject to the limitations which this
Agreement imposes upon transferability of Restricted Shares, this Agreement
shall bind, be enforceable by and inure to the benefit of the Company and its
successors and assigns, and Grantee, and, upon his death, on his estate and
beneficiaries thereof (whether by will or the laws of descent and distribution).

         (j) Community Property. Each spouse individually is bound by, and such
spouse's interest, if any, in any shares is subject to, the terms of this
Agreement. Nothing in this Agreement shall create a community property interest
where none otherwise exists.

         (k) Entire Agreement. This Agreement supersedes any and all other prior
understandings and agreements, either oral or in writing, between the parties
with respect to the subject matter hereof and constitute the sole and only
agreements between the parties with respect to the said subject matter. All
prior negotiations and agreements between the parties with respect to the
subject matter hereof are merged into this Agreement. Each party to this
Agreement acknowledges that no representations, inducements, promises, or
agreements, orally or otherwise, have been made by any party or by anyone acting
on behalf of any party, which are not embodied in this Agreement and that any
agreement, statement or promise that is not contained in this Agreement shall
not be valid or binding or of any force or effect.

                            [SIGNATURE PAGE FOLLOWS]

                                       6

<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed on the date first above written.

                               COMPANY:

                               CONTINENTAL SOUTHERN RESOURCES, INC.

                               By:
                                  --------------------------------------
                               Name:
                                    ------------------------------------
                               Title:
                                     -----------------------------------

                               Address:   Continental Southern Resources, Inc.
                                          1001 Fannin, Suite 1700
                                          Houston, Texas  77002
                                          Telecopy No.:  (713) 307-8793
                                          Attention: Secretary

                               GRANTEE:

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

                                       7

<PAGE>

                                  APPENDIX A TO
                           RESTRICTED STOCK AGREEMENT

GRANTEE'S NAME:

                                                          NUMBER OF
GRANT DATE:                                       RESTRICTED SHARES GRANTED
-----------                                       -------------------------

   February 26, 2004

VESTING SCHEDULE:

        DATE                                      NUMBER OF SHARES VESTED
        ----                                      -----------------------

Note:  All vesting is subject to the terms and conditions of the Agreement.

                                       8<PAGE>
                                                                     EXHIBIT 4.4

                            PRIDE INTERNATIONAL, INC.

                                       and

                               JPMORGAN CHASE BANK

                                                 Trustee.

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

                         SEVENTH SUPPLEMENTAL INDENTURE

                             Dated October 23, 2003

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

<PAGE>

         THIS SEVENTH SUPPLEMENTAL INDENTURE, dated October 23, 2003, between
Pride International, Inc., a Delaware corporation (successor by merger to Pride
International, Inc., a Louisiana corporation formerly known as Pride Petroleum
Services, Inc.) (the "Company"), and JPMorgan Chase Bank (formerly known as The
Chase Manhattan Bank), a New York banking corporation, as Trustee (the
"Trustee") under the Indenture (as defined below).

                              W I T N E S S E T H:

         WHEREAS, the Company has duly authorized the issuance from time to time
of its unsecured debentures, notes or other evidences of indebtedness (the
"Securities"), which are to be issued in one or more series, and the Company has
heretofore made, executed and delivered to the Trustee its Indenture dated as of
May 1, 1997 (the "Original Indenture") pursuant to which the Securities are
issuable;

         WHEREAS, pursuant to the Sixth Supplemental Indenture dated as of April
28, 2003 (the "Sixth Supplemental Indenture"), the Company has issued its fifth
series of Securities designated as its 3 1/4% Convertible Senior Notes Due 2033
(the "Notes"; the Original Indenture, as supplemented by this Seventh
Supplemental Indenture and as otherwise supplemented with applicability with
respect to the Notes, the "Indenture");

         WHEREAS, Section 901 of the Original Indenture provides that, under
certain conditions, the Company and Trustee, may, without the consent of any
Holders, from time to time and at any time, enter into an indenture or
indentures supplemental thereto, for the purposes, inter alia, of curing any
ambiguity or correcting or supplementing any provision in the Indenture that may
be defective or inconsistent with any other provision in the Indenture, and the
Company desires, by means of this Seventh Supplemental Indenture, to correct
Annex 1 to the Sixth Supplemental Indenture; and

         WHEREAS, all things necessary to make this Seventh Supplemental
Indenture a valid agreement of the Company, in accordance with its terms, have
been done.

         NOW, THEREFORE, THIS SEVENTH SUPPLEMENTAL INDENTURE WITNESSETH that,
for and in consideration of the premises and the purchase of the Notes by the
Holders, the Company and the Trustee mutually covenant and agree, solely for the
equal and proportionate benefit of the respective Holders from time to time of
Notes, as follows:

                                    ARTICLE 1

                                   SUPPLEMENT

         The Sixth Supplemental Indenture is supplemented by, effective as of
the effective date of the Sixth Supplemental Indenture, revising Annex 1 to the
Sixth Supplemental Indenture to read as follows:

                                        1

<PAGE>

                                     ANNEX 1

                           PROJECTED PAYMENT SCHEDULE
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                      Payment
                                                                                        Upon                 Discount
                                                Trigger                              Conversion               Factor     Present
               Number of                         Met?                       Non-    Immediately                using     Value of
              Semi-Annual   Stock      Bond     (Yes=1,   Contingent     Contingent   Prior to      Total    Comparable    Total
Date            Periods     Price      Price     No=0)     Payment        Payment     Maturity     Payment     Yield     Payments
-----------------------------------------------------------------------------------------------------------------------------------
<S>              <C>       <C>        <C>          <C>       <C>          <C>       <C>           <C>            <C>      <C>
4/28/2003                  14.28      1,000.00                                                    1,000.00       1.00     1,000.00
11/1/2003        1.02      14.89      1,000.00                            (16.52)                   (16.52)      0.96       (15.86)
5/1/2004         1.00      15.52      1,000.00                            (16.25)                   (16.25)      0.92       (14.98)
11/1/2004        1.00      16.17      1,000.00                            (16.25)                   (16.25)      0.89       (14.38)
5/1/2005         1.00      16.85      1,000.00                            (16.25)                   (16.25)      0.85       (13.81)
11/1/2005        1.00      17.56      1,000.00                            (16.25)                   (16.25)      0.82       (13.27)
5/1/2006         1.00      18.30      1,000.00                            (16.25)                   (16.25)      0.78       (12.74)
11/1/2006        1.00      19.08      1,000.00                            (16.25)                   (16.25)      0.75       (12.24)
5/1/2007         1.00      19.88      1,000.00                            (16.25)                   (16.25)      0.72       (11.75)
11/1/2007        1.00      20.72      1,000.00                            (16.25)                   (16.25)      0.69       (11.29)
5/1/2008         1.00      21.59      1,000.00      0                     (16.25)                   (16.25)      0.67       (10.84)
11/1/2008        1.00      22.50      1,000.00      0            -        (16.25)                   (16.25)      0.64       (10.41)
5/1/2009         1.00      23.45      1,000.00      0            -        (16.25)                   (16.25)      0.62       (10.00)
11/1/2009        1.00      24.43      1,000.00      0            -        (16.25)                   (16.25)      0.59        (9.60)
5/1/2010         1.00      25.46      1,000.00      0            -        (16.25)                   (16.25)      0.57        (9.22)
11/1/2010        1.00      26.54      1,032.38      0            -        (16.25)                   (16.25)      0.54        (8.86)
5/1/2011         1.00      27.65      1,075.87      0            -        (16.25)                   (16.25)      0.52        (8.51)
11/1/2011        1.00      28.82      1,121.20      0            -        (16.25)                   (16.25)      0.50        (8.17)
5/1/2012         1.00      30.03      1,168.43      0            -        (16.25)                   (16.25)      0.48        (7.84)
11/1/2012        1.00      31.30      1,217.65      1            -        (16.25)                   (16.25)      0.46        (7.53)
5/1/2013         1.00      32.62      1,268.95      1        (3.04)       (16.25)                   (19.29)      0.45        (8.59)
11/1/2013        1.00      33.99      1,322.41      1        (3.17)       (16.25)                   (19.42)      0.43        (8.31)
5/1/2014         1.00      35.42      1,378.12      1        (3.31)       (16.25)                   (19.56)      0.41        (8.03)
11/1/2014        1.00      36.92      1,436.17      1        (3.45)       (16.25)                   (19.70)      0.39        (7.77)
5/1/2015         1.00      38.47      1,496.68      1        (3.59)       (16.25)                   (19.84)      0.38        (7.52)
11/1/2015        1.00      40.09      1,559.73      1        (3.74)       (16.25)                   (19.99)      0.36        (7.27)
5/1/2016         1.00      41.78      1,625.44      1        (3.90)       (16.25)                   (20.15)      0.35        (7.04)
11/1/2016        1.00      43.54      1,693.91      1        (4.06)       (16.25)                   (20.31)      0.34        (6.82)
5/1/2017         1.00      45.37      1,765.27      1        (4.23)       (16.25)                   (20.48)      0.32        (6.60)
11/1/2017        1.00      47.29      1,839.64      1        (4.41)       (16.25)                   (20.66)      0.31        (6.39)
5/1/2018         1.00      49.28      1,917.14      1        (4.60)       (16.25)                   (20.85)      0.30        (6.20)
11/1/2018        1.00      51.35      1,997.90      1        (4.79)       (16.25)                   (21.04)      0.29        (6.01)
5/1/2019         1.00      53.52      2,082.07      1        (4.99)       (16.25)                   (21.24)      0.27        (5.82)
11/1/2019        1.00      55.77      2,169.78      1        (5.21)       (16.25)                   (21.46)      0.26        (5.65)
5/1/2020         1.00      58.12      2,261.19      1        (5.42)       (16.25)                   (21.67)      0.25        (5.48)
11/1/2020        1.00      60.57      2,356.45      1        (5.65)       (16.25)                   (21.90)      0.24        (5.32)
5/1/2021         1.00      63.12      2,455.72      1        (5.89)       (16.25)                   (22.14)      0.23        (5.16)
11/1/2021        1.00      65.78      2,559.17      1        (6.14)       (16.25)                   (22.39)      0.22        (5.01)
5/1/2022         1.00      68.55      2,666.98      1        (6.40)       (16.25)                   (22.65)      0.22        (4.87)
11/1/2022        1.00      71.44      2,779.34      1        (6.67)       (16.25)                   (22.92)      0.21        (4.73)
5/1/2023         1.00      74.45      2,896.42      1        (6.95)       (16.25)                   (23.20)      0.20        (4.60)
11/1/2023        1.00      77.59      3,018.44      1        (7.24)       (16.25)                   (23.49)      0.19        (4.48)
5/1/2024         1.00      80.85      3,145.60      1        (7.55)       (16.25)                   (23.80)      0.18        (4.35)
11/1/2024        1.00      84.26      3,278.12      1        (7.86)       (16.25)                   (24.11)      0.18        (4.24)
5/1/2025         1.00      87.81      3,416.22      1        (8.20)       (16.25)                   (24.45)      0.17        (4.13)
11/1/2025        1.00      91.51      3,560.13      1        (8.54)       (16.25)                   (24.79)      0.16        (4.02)
5/1/2026         1.00      95.36      3,710.11      1        (8.90)       (16.25)                   (25.15)      0.16        (3.91)
11/1/2026        1.00      99.38      3,866.41      1        (9.28)       (16.25)                   (25.53)      0.15        (3.82)
5/1/2027         1.00     103.57      4,029.30      1        (9.67)       (16.25)                   (25.92)      0.14        (3.72)
11/1/2027        1.00     107.93      4,199.04      1       (10.07)       (16.25)                   (26.32)      0.14        (3.63)
5/1/2028         1.00     112.48      4,375.93      1       (10.50)       (16.25)                   (26.75)      0.13        (3.54)
11/1/2028        1.00     117.22      4,560.28      1       (10.94)       (16.25)                   (27.19)      0.13        (3.46)
5/1/2029         1.00     122.16      4,752.40      1       (11.40)       (16.25)                   (27.65)      0.12        (3.38)
11/1/2029        1.00     127.30      4,952.60      1       (11.88)       (16.25)                   (28.13)      0.12        (3.30)
5/1/2030         1.00     132.66      5,161.24      1       (12.38)       (16.25)                   (28.63)      0.11        (3.23)
11/1/2030        1.00     138.25      5,378.67      1       (12.90)       (16.25)                   (29.15)      0.11        (3.15)
5/1/2031         1.00     144.08      5,605.26      1       (13.45)       (16.25)                   (29.70)      0.10        (3.09)
11/1/2031        1.00     150.15      5,841.40      1       (14.01)       (16.25)                   (30.26)      0.10        (3.02)
5/1/2032         1.00     156.47      6,087.48      1       (14.60)       (16.25)                   (30.85)      0.10        (2.96)
11/1/2032        1.00     163.06      6,343.94      1       (15.22)       (16.25)                   (31.47)      0.09        (2.90)
5/1/2033         1.00     169.93      6,611.19      1       (15.86)       (16.25)    (6,611.19   (6,643.30)      0.09      (587.21)
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                             TOTAL PV         0.00
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                        2

<PAGE>
                                    ARTICLE 2

                             CONCERNING THE TRUSTEE

         Section 2.01. Acceptance of Trusts. The Trustee accepts the trusts
hereunder and agrees to perform the same, but only upon the terms and conditions
set forth in the Original Indenture (as otherwise supplemented with
applicability with respect to the Notes) and in this Seventh Supplemental
Indenture, to all of which the Company and the respective Holders of the Notes
at any time hereafter Outstanding agree by their acceptance thereof.

         Section 2.02. No Responsibility of Trustee for Recitals, Etc. The
recitals and statements contained in this Seventh Supplemental Indenture shall
be taken as the recitals and statements of the Company, and the Trustee assumes
no responsibility for the correctness of the same. The Trustee makes no
representations as to the validity or sufficiency of this Seventh Supplemental
Indenture, except that the Trustee is duly authorized by all necessary corporate
actions to execute and deliver this Seventh Supplemental Indenture. The
execution by the Trustee of this Seventh Supplemental Indenture shall not be
construed to be an approval or disapproval by the Trustee of the advisability of
the action being taken herein by the Company. All the provisions of the
Indenture with respect to the rights, privileges, immunities, powers and duties
of the Trustee shall be applicable in respect hereof as fully and with like
effect as if set forth herein in full with such omissions, variations or
insertions, if any, as may be appropriate to make the same conform to this
Seventh Supplemental Indenture.

                                   ARTICLE 3

                            MISCELLANEOUS PROVISIONS

         Section 3.01. Relation to the Original Indenture. This Seventh
Supplemental Indenture and all the terms and provisions herein contained shall
form a part of the Original Indenture as fully and with the same effect as if
all such terms and provisions had been set forth in the Original Indenture;
provided, however, such terms and provisions shall be so included in this
Seventh Supplemental Indenture solely for the benefit of the Company, the
Subsidiary Guarantors, the Trustee and the Holders of the Notes. The Original
Indenture is hereby ratified and confirmed and shall remain and continue in full
force and effect in accordance with the terms and provisions thereof, as
supplemented by this Seventh Supplemental Indenture and as otherwise
supplemented with applicability with respect to the Notes, and the Original
Indenture (as otherwise supplemented with applicability with respect to the
Notes) and this Seventh Supplemental Indenture shall be read, taken and
construed together as one instrument.

         Section 3.02. Meaning of Terms. Any term used in this Seventh
Supplemental Indenture which is defined in the Original Indenture shall have the
meaning specified in the Original Indenture (as otherwise supplemented with
applicability with respect to the Notes), unless the context shall otherwise
require.

                                       3
<PAGE>

         Section 3.03. Counterparts of Supplemental Indenture. This Seventh
Supplemental Indenture may be executed in several counterparts, each of which
shall be deemed an original, but all of which together shall constitute one
instruments.

         Section 3.04. Governing Law. This Seventh Supplemental Indenture shall
be governed by and construed in accordance with the laws of the State of New
York.

                [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

                                       4
<PAGE>
         IN WITNESS WHEREOF, Pride International, Inc. has caused this Seventh
Supplemental Indenture to be executed in its corporate name by a duly authorized
officer and JPMorgan Chase Bank has caused this Seventh Supplemental Indenture
to be executed by a duly authorized officer, all on the date first above
written.

                                          PRIDE INTERNATIONAL, INC.

                                          By: /s/ Earl W. McNiel
                                              --------------  ------------------
                                              Name:  Earl W. McNiel
                                              Title: Vice President and
                                                     Chief Financial Officer

                                          JPMORGAN CHASE BANK,
                                          as Trustee

                                          By: /s/ LARRY O'BRIEN
                                              ----------------------------------
                                              Name:  Larry O'Brien
                                              Title: Vice President

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