Execution Version

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SECOND AMENDMENT
TO
AMENDED AND RESTATED SYNDICATED FACILITY AGREEMENT
dated as of
September 30, 2019
among
CIVEO CORPORATION,

CIVEO CANADA LIMITED PARTNERSHIP,
CIVEO PTY LIMITED
and
CIVEO MANAGEMENT LLC,

as Borrowers
THE LENDERS NAMED HEREIN,
ROYAL BANK OF CANADA,
as Administrative Agent, U.S. Collateral Agent,
Canadian Administrative Agent, Canadian Collateral Agent
and an Issuing Bank,
and
RBC EUROPE LIMITED,
as Australian Administrative Agent, Australian Collateral Agent
and an Issuing Bank
 
 
 
 
 

RBC CAPITAL MARKETS, ¹
as Lead Arranger and Sole Bookrunner

__________________
¹ RBC Capital Markets is the global brand name of the corporate and investment
banking business of Royal Bank of Canada and its affiliates.

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SECOND AMENDMENT TO
AMENDED AND RESTATED SYNDICATED FACILITY AGREEMENT
THIS SECOND AMENDMENT TO AMENDED AND RESTATED SYNDICATED FACILITY AGREEMENT
(this “Second Amendment”), dated as of September 30, 2019, is among CIVEO
CORPORATION, a corporation incorporated under the laws of the Province of
British Columbia (the “Parent Borrower”), CIVEO MANAGEMENT LLC, a Delaware
limited liability company (the “U.S. Borrower”), CIVEO CANADA LIMITED
PARTNERSHIP, a limited partnership organized under the laws of the Province of
Alberta (the “New Canadian Borrower”), CIVEO PTY LIMITED ACN 003 657 510, an
Australian proprietary limited company (the “Australian Borrower” and, together
with the Parent Borrower, U.S. Borrower and the New Canadian Borrower, the
“Borrowers”), certain subsidiary guarantors of the Borrowers party hereto, the
Lenders party hereto (the “Lenders”), the Issuing Banks, the Swing Line Lenders,
ROYAL BANK OF CANADA, as administrative agent for the U.S. Lenders, as U.S.
collateral agent for the Lenders, as administrative agent for the Canadian
Lenders and as Canadian collateral agent for the Lenders, and RBC EUROPE
LIMITED, as administrative agent for the Australian Lenders and as Australian
collateral agent for the Lenders.

R E C I T A L S
A.    The Borrowers, the Agents and the Lenders are parties to that certain
Amended and Restated Syndicated Facility Agreement, dated as of April 2, 2018,
as amended by the First Amendment to Amended and Restated Syndicated Facility
Agreement dated as of October 26, 2018 (the “Credit Agreement” and, as amended
by this Second Amendment, the “Amended Credit Agreement”), pursuant to which the
Lenders have made certain loans to and other extensions of credit on behalf of
the Borrowers.
B.    The Borrowers, the Agents, the Issuing Banks, the Swing Line Lenders and
certain of the Lenders party hereto have agreed to (a) amend certain provisions
of the Credit Agreement, (b) increase the aggregate Canadian Revolving
Commitments to $183,500,000 and (c) extend the Maturity Date of their respective
Commitments, in each case, as more particularly set forth herein.
NOW, THEREFORE, in consideration of the premises and the mutual covenants herein
contained, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows:
Section 1.Defined Terms. Each capitalized term used herein but not otherwise
defined herein has the meaning given such term in the Amended Credit Agreement.
Unless otherwise indicated, all article and section references in this Second
Amendment refer to articles and sections of the Amended Credit Agreement.
Section 2.Amendments to Credit Agreement. Effective as of the Second Amendment
Effective Date, the Credit Agreement is hereby amended as follows:
(a)    Section 1.01 of the Credit Agreement is amended by adding the following
definitions where alphabetically appropriate:

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in
Section 3(3) of ERISA) that is subject to Title I of ERISA, (b) a “plan” as
defined in Section 4975 of the Code to which Section 4975 of the Code applies,
and (c) any Person whose assets include (for purposes of the Plan Asset

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Regulations or otherwise for purposes of Title I of ERISA or Section 4975 of the
Code) the assets of any such “employee benefit plan” or “plan”.
“BHC Act Affiliate” of a party shall mean an “affiliate’ (as such term is
defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such
party.
“CDOR Scheduled Successor Rate” shall have the meaning provided in Section
2.08(c).
“CDOR Scheduled Unavailability Date” shall have the meaning provided in Section
2.08(c).
“Covered Entity” shall mean any of the following:
(a)
a “covered entity” as that term is defined in, and interpreted in accordance
with, 12 C.F.R. § 252.82(b);

(b)
a “covered bank” as that term is defined in, and interpreted in accordance with,
12 C.F.R. § 47.3(b); or

(c)
a “covered FSI” as that term is defined in, and interpreted in accordance with,
12 C.F.R. § 382.2(b).

“Covered Party” shall have the meaning provided in Section 9.26.

“Default Right” shall have the meeting provided in, and shall be interpreted in
accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

“Extending Lenders” has the meaning set forth in Section 3 of the Second
Amendment.

“Non-Extending Lenders” has the meaning set forth in Section 3 of the Second
Amendment.

“Plan Asset Regulations” shall mean 29 CFR § 2510.3-101 et seq., as modified by
Section 3(42) of ERISA, as amended from time to time.

“PTE” means a prohibited transaction class exemption issued by the U.S.
Department of Labor, as any such exemption may be amended from time to time.

“QFC” shall have the meaning assigned to the term “qualified financial contract”
in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).
    
“QFC Credit Support” shall have the meaning provided in Section 9.26.

“Second Amendment” shall mean that certain Second Amendment to Amended and
Restated Syndicated Facility Agreement, dated as of September 30, 2019, among
the Borrowers, the Administrative Agents and the Lenders party thereto.

“Supported QFC” shall have the meaning provided in Section 9.26.

“U.S. Special Resolution Regime” shall have the meaning provided in Section
9.26.

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(b)    Section 1.01 of the Credit Agreement is amended by amending the following
definitions in their entirety:

“CDOR Rate” shall mean, for each day in any period, the annual rate of interest
that is the rate based on an average rate applicable to Canadian dollar bankers’
acceptances for a term equal to the term of the relevant Contract Period (or for
a term of one month for purposes of determining the Canadian Prime Rate)
appearing on the Reuters Screen CDOR Page at approximately 10:00 a.m. (Standard
Time), on such date, or if such date is not a Business Day, on the immediately
preceding Business Day.

“Contract Period” shall mean the term of a B/A Loan selected by the Parent
Borrower in accordance with Section 2.22, commencing on the date of such B/A
Loan and expiring on a Business Day which shall be either 1, 2, 3 or 6 months
thereafter, subject to market availability, provided that (a) subject to clause
(b) below, each such period shall be subject to such extensions or reductions as
may be agreed by the Lenders to ensure that each Contract Period shall expire on
a Business Day, and (b) no Contract Period shall extend beyond the Maturity
Date.
    
“Maturity Date” shall mean (a) with respect to the Non-Extending Lenders,
November 30, 2020 and (b) with respect to the Extending Lenders, November 30,
2021.

“Swing Line Payment Date” shall mean (a) if an AutoBorrow Agreement is in
effect, the earliest to occur of (i) the date required by such AutoBorrow
Agreement, (ii) demand is made by the Applicable Swing Line Lender and (iii) the
Maturity Date, or (b) if an AutoBorrow Agreement is not in effect, the earlier
to occur of (i) five (5) Business Days after the date of the applicable Swing
Line Borrowing if no Default or Event of Default exists, and otherwise upon
demand by the Applicable Swing Line Lender and (ii) the Maturity Date.

(c)    Section 1.02 of the Credit Agreement is amended to add the below
language:
For all purposes under the Loan Documents, in connection with any division or
plan of division under Delaware law (or any comparable event under a different
jurisdiction’s laws): (a) if any asset, right, obligation or liability of any
Person becomes the asset, right, obligation or liability of a different Person,
then it shall be deemed to have been transferred from the original Person to the
subsequent Person, and (b) if any new Person comes into existence, such new
Person shall be deemed to have been organized and acquired on the first date of
its existence by the holders of its Equity Interests at such time.
(d)    Section 2.08(b) of the Credit Agreement is amended in its entirety as
follows:
Notwithstanding the foregoing, if the Applicable Administrative Agent (i)
determines that the circumstances described in clause (a)(i) of this Section
2.08 have arisen and such circumstances are unlikely to be temporary, (ii)
determines that the circumstances described in clause (a)(i) of this Section
2.08 have not arisen but the supervisor for the administrator of the LIBO Rate
or a Governmental Authority having jurisdiction over the Applicable
Administrative Agent has made a public statement identifying a specific date
after which the LIBO Rate shall no longer be used for determining interest rates
for loans, (iii) is advised by the Applicable Required Lenders of their
determination in accordance with clause (a)(ii) of this Section 2.08, or (iv)
new syndicated loans have started to adopt a new benchmark interest rate, then
the Applicable Administrative Agent and the Applicable Borrower shall endeavor
to establish an alternate rate of interest to the LIBO Rate that gives due
consideration to the then prevailing market convention for determining a rate of
interest for syndicated loans in the United States at such time, and shall enter
into an amendment to

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this Agreement to reflect such alternate rate of interest and such other related
changes to this Agreement as may be applicable, provided that to the extent that
the Applicable Administrative Agent determines that adoption of any portion of
such market convention is not administratively feasible or that no market
convention for the administration of such alternate rate of interest exists, the
Applicable Administrative Agent shall administer such alternate rate of interest
in a manner acceptable by the Applicable Administrative Agent and the Borrower.
Notwithstanding anything to the contrary in Section 9.08, such amendment shall
become effective without any further action or consent of any other party to
this Agreement so long as the Applicable Administrative Agent shall not have
received, within five (5) Business Days of the date notice of such alternate
rate of interest is provided to the Applicable Lenders, a written notice from
the Applicable Required Lenders stating that such Applicable Required Lenders
object to such amendment. If a notice of an alternate rate of interest has been
given and no such alternate rate of interest has been determined, and (x) the
circumstances under clause (i) or (iii) above exist or (y) the specific date
referred to in clause (ii) has occurred (as applicable), Alternate Base Rate
shall apply without regard to clause (c) of the definition thereof. Provided
that, if such alternate rate of interest shall be less than zero, such rate
shall be deemed to be zero for the purposes of this Agreement
(e)    A new Section 2.08(c) is hereby added to read in its entirety as follows:
(c) CDOR Discontinuation.
(i) If the Applicable Administrative Agent determines (which determination shall
be conclusive absent manifest error), or the Applicable Borrower or the Required
Lenders notify the Applicable Administrative Agent that the Applicable Borrower
or Required Lenders (as applicable) have determined that:

(A) adequate and reasonable means do not exist for ascertaining CDOR, including
because the Reuters Screen CDOR page is not available or published on a current
basis for the applicable period and such circumstances are unlikely to be
temporary, (2) there no longer exists an active market for Bankers’ Acceptances
or (3) the B/A Discount Rate will not or does not accurately reflect the costs
of funds of the Required Lenders;

(B) the administrator of the CDOR or a Governmental Authority having
jurisdiction has made a public statement identifying a specific date after which
CDOR will permanently or indefinitely cease to be made available or permitted to
be used for determining the interest rate of loans;
 
(C) a Governmental Authority having jurisdiction over the Applicable
Administrative Agent has made a public statement identifying a specific date
after which CDOR shall no longer be permitted to be used for determining the
interest rate of loans (each such specific date in clause (B) above and in this
clause (C) a “CDOR Scheduled Unavailability Date”); or

(D) syndicated loans currently being executed, or that include language similar
to that contained in this Section 2.08(c), are being executed or amended (as
applicable) to incorporate or adopt a new benchmark interest rate to replace
CDOR,

then reasonably promptly after such determination by the Applicable
Administrative Agent or receipt by the Applicable Administrative Agent of such
notice, as applicable, the Applicable Administrative Agent and the Applicable
Borrower may mutually agree upon a successor rate to CDOR, and the Applicable
Administrative Agent and the Applicable Borrower may amend this Agreement to
replace CDOR with an alternate benchmark rate (including any mathematical or
other adjustments to the benchmark (if any) incorporated therein), giving

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due consideration to any evolving or then existing convention for similar
Canadian Dollars denominated syndicated credit facilities for such alternative
benchmarks (any such proposed rate, a “CDOR Successor Rate”), together with any
proposed CDOR Successor Rate conforming changes and any such amendment shall
become effective at 5:00 p.m. (Toronto time) on the fifth Business Day after the
Applicable Administrative Agent shall have posted such proposed amendment to all
Lenders and the Applicable Borrower unless, prior to such time, Lenders
comprising the Required Lenders have delivered to the Applicable Administrative
Agent written notice that such Required Lenders do not accept such amendment.

(ii) If no CDOR Successor Rate has been determined and the circumstances under
clause 2.08(c)(i)(A) above exist or a CDOR Scheduled Unavailability Date has
occurred (as applicable), the Applicable Administrative Agent will promptly so
notify the Applicable Borrower and each Lender. Thereafter, the obligation of
the Lenders to make or maintain Bankers’ Acceptances and B/A Equivalent Loans,
shall be suspended (to the extent of the affected Bankers’ Acceptances, B/A
Equivalent Loans, or applicable periods). Upon receipt of such notice, the
Applicable Borrower may revoke any pending request for an advance of, conversion
to or rollover of Bankers’ Acceptances or B/A Equivalent Loans, (to the extent
of the affected Bankers’ Acceptances, B/A Equivalent Loans, or applicable
periods) or, failing that, will be deemed to have converted such request into a
request for an advance of Prime Rate advances (subject to the foregoing clause
(ii)) in the amount specified therein.

(iii) Notwithstanding anything else herein, any definition of the CDOR Successor
Rate (exclusive of any margin) shall provide that in no event shall such CDOR
Successor Rate be less than zero for the purposes of this Agreement. In
addition, CDOR shall not be included or referenced in the definition of Prime
Rate.

(f)    Section 2.09(d) of the Credit Agreement is amended to add “voluntary”
before “reduction” in the first sentence of such subsection.
(g)    Section 6.11(a) of the Credit Agreement is amended in its entirety as
follows:
(a)    Maximum Total Leverage Ratio. Commencing with the four fiscal quarter
period ending March 31, 2018, permit the Total Leverage Ratio for any period of
four consecutive fiscal quarters of the Parent Borrower, in each case taken as
one accounting period, as of the last day of any fiscal quarter, to be greater
than (A) if a Qualified Offering has not been consummated:
Fiscal Quarter Ending
Total Leverage Ratio
March 31, 2018 and June 30, 2018
4.50:1.00
September 30, 2018
4.25:1.00
December 31, 2018
4.50:1.00
March 31, 2019
4.75:1.00
June 30, 2019
4.50:1.00
September 30, 2019
4.25:1.00
December 31, 2019
4.00:1.00
March 31, 2020, June 30, 2020 and September 30, 2020
3.75:1.00
December 31, 2020 and thereafter
3.50:1.00

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    and (B) if a Qualified Offering has been consummated,
Fiscal Quarter Ending
Total Leverage Ratio
September 30, 2018
4.25:1.00
December 31, 2018
4.50:1.00
March 31, 2019
4.75:1.00
June 30, 2019
4.50:1.00
September 30, 2019 and thereafter
4.00:1.00

(h)    A new Section 8.12 (Certain ERISA Matters) is hereby added to read in its
entirety as follows:
SECTION 8.12 Certain ERISA Matters.
(a)    Each Lender (x) represents and warrants, as of the date such Person
became a Lender party hereto, to, and (y) covenants, from the date such Person
became a Lender party hereto to the date such Person ceases being a Lender party
hereto, for the benefit of, the Applicable Administrative Agent, the Lead
Arranger and their respective Affiliates, and not, for the avoidance of doubt,
to or for the benefit of the Applicable Borrower or any other Loan Party, that
at least one of the following is and will be true:
(i)    such Lender is not using “plan assets” (within the meaning of the Plan
Asset Regulations) of one or more Benefit Plans in connection with the Loans,
the Letters of Credit or the Commitments,
(ii)    the transaction exemption set forth in one or more PTEs, such as PTE
84-14 (a class exemption for certain transactions determined by independent
qualified professional asset managers), PTE 95-60 (a class exemption for certain
transactions involving insurance company general accounts), PTE 90-1 (a class
exemption for certain transactions involving insurance company pooled separate
accounts), PTE 91-38 (a class exemption for certain transactions involving bank
collective investment funds) or PTE 96-23 (a class exemption for certain
transactions determined by in-house asset managers), is applicable with respect
to such Lender’s entrance into, participation in, administration of and
performance of the Loans, the Letters of Credit, the Commitments and this
Agreement,
(iii)    (A) such Lender is an investment fund managed by a “Qualified
Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B)
such Qualified Professional Asset Manager made the investment decision on behalf
of such Lender to enter into, participate in, administer and perform the Loans,
the Letters of Credit, the Commitments and this Agreement, (C) the entrance
into, participation in, administration of and performance of the Loans, the
Letters of Credit, the Commitments and this Agreement satisfies the requirements
of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best
knowledge of such Lender, the requirements of subsection (a) of Part I of PTE
84-14 are satisfied with respect to such Lender’s entrance into, participation
in, administration of and performance of the Loans, the Letters of Credit, the
Commitments and this Agreement, or
(iv)    such other representation, warranty and covenant as may be agreed in
writing between the Applicable Administrative Agent, in its sole discretion, and
such Lender.

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(b)    In addition, unless Section 8.12(a)(i) is true with respect to a Lender
or such Lender has not provided another representation, warranty and covenant as
provided in Section 8.12(a)(iv), such Lender further (x) represents and
warrants, as of the date such Person became a Lender party hereto, to, and (y)
covenants, from the date such Person became a Lender party hereto to the date
such Person ceases being a Lender party hereto, for the benefit of, the
Applicable Administrative Agent, and each Arranger and their respective
Affiliates, and not, for the avoidance of doubt, to or for the benefit of the
Applicable Borrower or any other Loan Party, that:
(i)none of the Applicable Administrative Agent, or any Arranger or any of their
respective Affiliates is a fiduciary with respect to the Collateral or the
assets of such Lender (including in connection with the reservation or exercise
of any rights by the Applicable Administrative Agent under this Agreement, any
Loan Document or any documents related to hereto or thereto);
(ii)the Person making the investment decision on behalf of such Lender with
respect to the entrance into, participation in, administration of and
performance of the Loans, the Letters of Credit, the Commitments and this
Agreement is independent (within the meaning of 29 CFR § 2510.3-21) and is a
bank, an insurance carrier, an investment adviser, a broker-dealer or other
person that holds, or has under management or control, total assets of at least
$50 million, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E);
(iii)the Person making the investment decision on behalf of such Lender with
respect to the entrance into, participation in, administration of and
performance of the Loans, the Letters of Credit, the Commitments and this
Agreement is capable of evaluating investment risks independently, both in
general and with regard to particular transactions and investment strategies
(including in respect of the Obligations);
(iv)the Person making the investment decision on behalf of such Lender with
respect to the entrance into, participation in, administration of and
performance of the Loans, the Letters of Credit, the Commitments and this
Agreement is a fiduciary under ERISA or the Code, or both, with respect to the
Loans, the Letters of Credit, the Commitments and this Agreement and is
responsible for exercising independent judgment in evaluating the transactions
hereunder; and
(v)no fee or other compensation is being paid directly to the Applicable
Administrative Agent or any its Affiliates for investment advice (as opposed to
other services) in connection with the Loans, the Letters of Credit, the
Commitments or this Agreement.
(c)     The Applicable Administrative Agent hereby informs the Lenders that each
such Person is not undertaking to provide impartial investment advice, or to
give advice in a fiduciary capacity, in connection with the transactions
contemplated hereby, and that such Person has a financial interest in the
transactions contemplated hereby in that such Person or an Affiliate thereof (i)
may receive interest or other payments with respect to the Loans, the Letters of
Credit, the Commitments and this Agreement, (ii) may recognize a gain if it
extended the Loans, the Letters of Credit or the Commitments for an amount less
than the amount being paid for an interest in the Loans, the Letters of Credit
or the Commitments by such Lender or (iii) may receive fees or other payments in
connection with the transactions contemplated hereby, the Loan Documents or
otherwise, including structuring fees, commitment fees, arrangement fees,
facility fees, upfront fees, underwriting fees, ticking fees, agency fees,
administrative agent or collateral agent fees, utilization fees, minimum usage
fees, letter of credit fees, fronting fees, deal-away or alternate transaction
fees, amendment fees, processing fees, term out premiums, banker’s acceptance
fees, breakage or other early termination fees or fees similar to the foregoing.

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(i)    A new Section 9.26 (Acknowledgment Regarding Any Supported QFCs) is
hereby added to read in its entirety as follows:
SECTION 9.26 Acknowledgement Regarding Any Supported QFCs. To the extent that
the Loan Documents provide support, through a guarantee or otherwise, for any
agreement or instrument that is a QFC (such support “QFC Credit Support” and
each such QFC a “Supported QFC”), the parties acknowledge and agree as follows
with respect to the resolution power of the Federal Deposit Insurance
Corporation under the Federal Deposit Insurance Act and Title II of the
Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the
regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in
respect of such Supported QFC and QFC Credit Support (with the provisions below
applicable notwithstanding that the Loan Documents and any Supported QFC may in
fact be stated to be governed by the laws of the State of New York and/or of the
United States or any other state of the United States):
In the event a Covered Entity that is party to a Supported QFC (each, a “Covered
Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime,
the transfer of such Supported QFC and the benefit of such QFC Credit Support
(and any interest and obligation in or under such Supported QFC and such QFC
Credit Support, and any rights in property securing such Supported QFC or such
QFC Credit Support) from such Covered Party will be effective to the same extent
as the transfer would be effective under the U.S. Special Resolution Regime if
the Supported QFC and such QFC Credit Support (and any such interest, obligation
and rights in property) were governed by the laws of the United States or a
state of the United States. In the event a Covered Party or a BHC Act Affiliate
of a Covered Party becomes subject to a proceeding under a U.S. Special
Resolution Regime, default rights under the Loan Documents that might otherwise
apply to such Supported QFC or any QFC Credit Support that may be exercised
against such Covered Party are permitted to be exercised to no greater extent
than such default rights could be exercised under the U.S. Special Resolution
Regime if the Supported QFC and the Loan Documents were governed by the laws of
the United States or a state of the United States. Without limitation of the
foregoing, it is understood and agreed that rights and remedies of the parties
with respect to a Defaulting Lender shall in no event affect the rights of any
Covered Party with respect to a Supported QFC or any QFC Credit Support.
(j)    Schedule 2.01 to the Credit Agreement is amended and replaced in its
entirety with Annex I attached hereto.
Section 3.Increase of Canadian Revolving Commitments; Limited Waiver of Certain
Notice Requirements. Effective as of the Second Amendment Effective Date, the
aggregate amount of the Canadian Revolving Commitments is hereby increased from
$159,500,000 to $183,500,000 and the Canadian Revolving Commitment of each
Canadian Revolving Lender after giving effect to such Incremental Revolving
Credit Increase is as set forth on Annex I to this Second Amendment. The
increase of the Canadian Revolving Commitments on the Second Amendment Effective
Date as set forth in this Section 3 shall be deemed to constitute an exercise of
the Borrowers’ right to request an increase pursuant to Section 2.25 of the
Credit Agreement and the Increase Amount Date of such Incremental Revolving
Credit Increase shall be deemed to be the Second Amendment Effective Date. The
requirements of Section 2.25 of the Credit Agreement with respect to notices,
timing and minimum amounts are hereby waived by all parties hereto, including,
for certainty, the Non-Extending Lenders, with respect to the increase described
in this Section 3 and the Second Amendment constitutes a “Lender Joinder
Agreement” as defined and described in the Amended Credit Agreement

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Section 4.Consent to Extension of the Maturity Date. As of the Second Amendment
Effective Date, the Maturity Date of the Commitments of the Lenders who have
severally agreed to extend their respective Commitments and are identified on
the signature pages hereof (each an “Extending Lender” and, collectively, the
“Extending Lenders”; and any Lender other than an Extending Lender, a
“Non-Extending Lender” and, collectively, the “Non-Extending Lenders”) is hereby
extended to November 30, 2021. The Maturity Date with respect to the Commitments
of each other Lender, if any, shall remain unchanged.
Section 5.Consent Fees. The Borrowers agree to pay to the Administrative Agent
for the account of each Extending Lender that (a) notifies the Administrative
Agent (or its counsel) that it has consented to this Second Amendment and (b)
delivers evidence satisfactory to the Administrative Agent that it has obtained
all credit and other internal approvals necessary to enter into this Second
Amendment and be an Extending Lender, in each case at or prior to 5:00 p.m., New
York City time, on September 20, 2019, a consent fee (the “Consent Fees”) in an
amount equal to 0.25% of the aggregate principal amount of the outstanding
Canadian Term Loans, the U.S. Revolving Commitment, the Canadian Revolving
Commitment and the Australian Revolving Commitment of such Lender immediately
prior to the Second Amendment Effective Date. Consent Fees shall be payable (i)
in U.S. dollars for the U.S. Revolving Commitment, (ii) in U.S. Dollar
Equivalent for the Australian Revolving Commitment and the Canadian Revolving
Commitment and (iii) in Canadian dollars for the Canadian Term Loans
Section 6.Conditions Precedent. This Second Amendment shall not be deemed to be
effective until the date on which each of the following conditions is satisfied
(or waived in accordance with Section 9.08 of the Credit Agreement) (the “Second
Amendment Effective Date”):
(a)    The Administrative Agent shall have received from the Required Lenders,
each Extending Lender, each Canadian Revolving Lender, the Borrowers and the
Guarantors, counterparts (in such number as may be requested by the
Administrative Agent) of this Second Amendment signed on behalf of such Persons.
(b)    The Administrative Agents and the Lead Arranger shall have received all
Fees and other amounts due and payable on or prior to the Second Amendment
Effective Date, including, to the extent invoiced, reimbursement or payment of
all out-of-pocket expenses (including, without limitation, the reasonable fees,
charges and disbursements of counsel for the Agents) required to be reimbursed
or paid by the Borrowers hereunder, under the Credit Agreement or under any
other Loan Document.
(c)    The representations and warranties set forth in Article III of the
Amended Credit Agreement and in each other Loan Document shall be true and
correct in all material respects (provided that to the extent any representation
and warranty is qualified as to “Material Adverse Effect” or otherwise as to
“materiality”, such representation and warranty is true and correct in all
respects) on and as of the Second Amendment Effective Date with the same effect
as though made on and as of such date, except to the extent such representations
and warranties expressly relate to an earlier date, in which case such
representation and warranty is true and correct in all material respects
(provided that to the extent any such representation and warranty is qualified
as to “Material Adverse Effect” or otherwise as to “materiality”, such
representation and warranty is true and correct in all respects) as of such
earlier date.
(d)    No Default or Event of Default shall have occurred and be continuing,
after giving effect to the terms of this Second Amendment.

9

US-DOCS\110695394.8

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(e)    The Administrative Agent shall have received, on behalf of itself, the
other Agents, the Lenders and the Issuing Banks:
(i)    any Note requested by a Lender pursuant to Section 2.04 of the Credit
Agreement payable to such requesting Lender;
(ii)    a favorable written opinion of each of (1) Simpson Thacher & Bartlett
LLP, U.S. counsel for the Borrowers, (2) Dentons Canada LLP, Canadian counsel to
the Canadian Borrowers and the Parent Borrower and the Canadian Subsidiary
Guarantors and (3) Arnold Bloch Leibler, Australian counsel to the Australian
Secured Parties, in each case (A) dated on or about the Second Amendment
Effective Date, (B) addressed to the Agents, the Issuing Banks and the Lenders,
and (C) covering such matters relating to the Loan Documents in respect of the
jurisdiction of the relevant counsel as the Administrative Agent shall
reasonably request, and the Borrowers hereby request such counsel to deliver
such opinions;
(iii)    a certificate as to the good standing or tax status of each Borrower
and each Guarantor (other than an Australian Loan Party) or a certified copy of
the certificate incorporation of each Australian Loan Party as of a recent date,
from the Secretary of State or other relevant Governmental Authority of the
state, province or jurisdiction of its organization;
(iv)    a certificate of the Secretary, Assistant Secretary or, in respect of an
Australian Loan Party, director or company secretary or, in respect of the
Canadian Loan Parties, chief financial officer, vice president, finance officer
or other acceptable officer (or such other corporate officer satisfactory to the
Administrative Agent) of each Borrower and each Guarantor dated as of the Second
Amendment Effective Date and certifying (1) that attached thereto is a true and
complete copy of the organizational documents of such Borrower or Guarantor as
in effect on the Second Amendment Effective Date and at all times since a date
prior to the date of the resolutions described in clause (2) below (or, if
previously delivered and, as applicable, a certification that there have been no
changes, amendments or modifications thereto since previously delivered), (2)
that (A) in the case of a Borrower or Guarantor other than an Australian Loan
Party, attached thereto is a true and complete copy of, or (B) in the case of an
Australian Loan Party, attached there is an extract of, resolutions duly adopted
by the Board of Directors (or persons performing similar functions) of such
Borrower or Guarantor authorizing the Transactions to be entered into by such
Borrower or Guarantor pursuant hereto, and the execution, delivery and
performance of the Loan Documents to which such person is a party and, in the
case of the Borrowers, the borrowings under the Amended Credit Agreement, and
that such resolutions have not been modified, rescinded or amended and are in
full force and effect, and (3) as to the incumbency and specimen signature of
each officer executing any Loan Document or any other document delivered in
connection herewith on behalf of such Borrower or Guarantor; and
(v)    a certificate, dated the Second Amendment Effective Date and signed by a
Financial Officer of the Parent Borrower, certifying (1) both immediately before
and after giving effect to this Second Amendment, the increase of the Canadian
Revolving Commitments and the extension of the Maturity Date, compliance with
the conditions precedent set forth in Section 6(c) and (d) hereof and (2) that
the Parent Borrower and its subsidiaries, taken as a whole, will be Solvent on
the Second Amendment Effective Date.
Section 7.Representations and Warranties. As of the date hereof, each Borrower
hereby represents and warrants to the Administrative Agent and each of the
Lenders as follows:

10

US-DOCS\110695394.8

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

(a)    The representations and warranties set forth in Article III of the Credit
Agreement and in each other Loan Document are true and correct in all material
respects (provided that to the extent any representation and warranty is
qualified as to “Material Adverse Effect” or otherwise as to “materiality”, such
representation and warranty is true and correct in all respects) on and as of
the date hereof with the same effect as though made on and as of such date,
except to the extent such representations and warranties expressly relate to an
earlier date, in which case such representation and warranty is true and correct
in all material respects (provided that to the extent any such representation
and warranty is qualified as to “Material Adverse Effect” or otherwise as to
“materiality”, such representation and warranty is true and correct in all
respects) as of such earlier date.
(b)    No Default or Event of Default exists or would exist immediately after
giving effect to the transactions contemplated by the Second Amendment and the
making of any Incremental Revolving Credit Increase.
Section 8.Miscellaneous:

(a)    Confirmation. The provisions of the Credit Agreement, as amended by this
Second Amendment, are hereby ratified and confirmed by the Borrowers and shall
remain in full force and effect following the effectiveness of this Second
Amendment. The amendments contained herein shall not be construed as a waiver or
amendment of any other provision of the Credit Agreement or the other Loan
Documents or for any purpose except as expressly set forth herein or a consent
to any further or future action on the part of the Borrowers or the other Loan
Parties that would require the waiver or consent of the Administrative Agents or
the Lenders.
(b)    Ratification and Affirmation. Each of the Borrowers and Guarantors hereby
(a) acknowledges the terms of this Second Amendment, including the increase in
Canadian Revolving Commitments and the guarantee of each Guarantor of such
increased amount, and (b) ratifies and affirms its obligations under, and
acknowledges, renews and extends its continued liability under, each Loan
Document to which it is a party and agrees that each Loan Document to which it
is a party remains in full force and effect, except as expressly amended or
modified hereby.
(c)    Loan Document. This Second Amendment is a “Loan Document” as defined and
described in the Credit Agreement and all of the terms and provisions of the
Amended Credit Agreement relating to Loan Documents shall apply hereto.
(d)    Counterparts. This Second Amendment may be executed by one or more of the
parties hereto in any number of separate counterparts, and all of such
counterparts taken together shall be deemed to constitute one and the same
instrument. Delivery of this Second Amendment by facsimile or electronic
transmission shall be effective as delivery of a manually executed counterpart
hereof.
(e)    NO ORAL AGREEMENT. THIS SECOND AMENDMENT, THE CREDIT AGREEMENT AND THE
OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE
FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. THERE ARE
NO SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES.

11

US-DOCS\110695394.8

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(f)    GOVERNING LAW. THIS SECOND AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.
Section 9.No Fiduciary Relationship. The Loan Parties acknowledge that none of
the Agents, the Issuing Banks, the Swing Line Lenders, the Lenders or their
respective Affiliates is acting as a fiduciary for or advisor to the Loan
Parties.

[SIGNATURES BEGIN NEXT PAGE]

12

US-DOCS\110695394.8

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IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be
duly executed as of the date first written above.

BORROWERS:
CIVEO CORPORATION

By: /s/ Frank C. Steininger____________

Name:     Frank C. Steininger
Title:     Executive Vice President, Chief Financial     Officer and Treasurer

CIVEO CANADA OPERATIONS GP LTD., on behalf of and in its capacity as general
partner of CIVEO CANADA LIMITED PARTNERSHIP

By: /s/ Bradley J. Dodson________________________
Name: Bradley J. Dodson
Title: President and Director

CIVEO MANAGEMENT LLC

By: /s/ Frank C. Steininger_______________________
Name:     Frank C. Steininger
Title:    Senior Vice President, Chief Financial     Officer and Treasurer

CIVEO PTY LIMITED

/s/ Frank C. Steininger        ___________________
Signature of Director

Frank C. Steininger                ______
Name of Director

/s/ Bradley J. Dodson____________________________
Signature of Director/Company Secretary

Bradley J. Dodson                
Name of Director/Company Secretary

Signature Page to Second Amendment to Amended and Restated Syndicated Facility
Agreement

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

GUARANTORS:
CIVEO OFFSHORE LLC

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Senior Vice President and Treasurer

CIVEO USA LLC

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Senior Vice President and Treasurer

CIVEO WATER AND WASTE WATER USA, LLC

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Senior Vice President and Treasurer

CIVEO GP HOLDINGS CORPORATION

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Vice President and Director

CIVEO CANADA OPERATIONS GP LTD.

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President and Director

CIVEO LODGE GP LTD.

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President and Director

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

CIVEO LODGE GP LTD., on behalf of and in its capacity as general partner of
CIVEO LODGE EMPLOYEES LIMITED PARTNERSHIP

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President and Director

WATER CANADA GP LTD.

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President, Chief Executive Officer and Director

RED TABLE CATERING GP LTD.

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President, Chief Executive Officer and Director

CANADA GP LTD.

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Vice President and Director

CIVEO PREMIUM SERVICES GP LTD.

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Vice President and Director

NORTHERN CATERING GP LTD.

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President and Director

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

BUFFALO CATERING GP LTD.

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President and Director

INSTALLATIONS GP LTD.

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Vice President and Director

CROWN SERVICES GP LTD.

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Vice President and Director

FORT MCMURRAY LODGE SERVICES GP LTD.

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President and Director

1046567 B.C. LTD.

By: /s/ Collin Gerry    
Name: Collin Gerry
Title: President and Director

CHRISTINA LAKE ENTERPRISES LTD.

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President, Chief Executive Officer and Director

CIVEO SERVICES GP LTD.

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: Director

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

CIVEO PACIFIC NORTHWEST GP LTD.

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President, Chief Executive Officer and Director

NORALTA LODGE LTD.

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Vice President and Director

WATER CANADA GP LTD, on behalf of and in its capacity as general partner of
CIVEO WATER CANADA EMPLOYEES LIMITED PARTNERSHIP

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President, Chief Executive Officer and Director

RED TABLE CATERING GP LTD, on behalf of and in its capacity as general partner
of RED TABLE EMPLOYEES LIMITED PARTNERSHIP

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President, Chief Executive Officer and Director

CIVEO PREMIUM SERVICES GP LTD, on behalf of and in its capacity as general
partner of CIVEO PREMIUM SERVICES EMPLOYEES LIMITED PARTNERSHIP

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Vice President and Director

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

INSTALLATIONS GP LTD, on behalf of and in its capacity as general partner of
CIVEO INSTALLATIONS EMPLOYEES LIMITED PARTNERSHIP

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Vice President and Director

CROWN SERVICES GP LTD, on behalf of and in its capacity as general partner of
CIVEO CROWN SERVICES EMPLOYEES LIMITED PARTNERSHIP

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Vice President and Director

CANADA GP LTD., on behalf of and in its capacity as general partner of CIVEO
CANADA EMPLOYEES LIMITED PARTNERSHIP

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Vice President and Director

CIVEO SERVICES GP LTD., on behalf of and in its capacity as general partner of
CIVEO SERVICES EMPLOYEES LIMITED PARTNERSHIP

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: Director

CIVEO PACIFIC NORTHWEST GP LTD., on behalf of and in its capacity as general
partner of CIVEO PACIFIC NORTHWEST EMPLOYEES LIMITED PARTNERSHIP

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President, Chief Executive Officer and Director

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

CIVEO CANADA OPERATIONS GP LTD., on behalf of and in its capacity as general
partner of RED TABLE FOODS LIMITED PARTNERSHIP

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: President and Director

CIVEO PROPERTY PTY LTD.

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Director

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: Director

CIVEO HOLDING COMPANY 2 PTY LTD.

By: /s/ Frank C. Steininger    
Name: Frank C. Steininger
Title: Director

By: /s/ Bradley J. Dodson    
Name: Bradley J. Dodson
Title: Director

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

ROYAL BANK OF CANADA,
as Administrative Agent, U.S. Collateral Agent, Canadian Administrative Agent
and Canadian Collateral Agent
    
By:     /s/ Ann Hurley________________________
Name:     Ann Hurley
Title: Manager, Agency

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

RBC EUROPE LIMITED,
as Australian Administrative Agent, Australian Collateral Agent and an Issuing
Lender
    
By:      /s/ Johnson Tse__________________________
Name: Johnson Tse
Title: Authorized Signatory

Signature Page to Second Amendment to Amended and Restated Syndicated Facility
Agreement

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

ROYAL BANK OF CANADA, as a U.S. Lender, the U.S. Swing Line Lender, an Issuing
Bank, and an Extending Lender
    
By:     /s/ Jay T. Sartain_________________________
Name:    Jay T. Sartain
Title: Authorized Signatory

Signature Page to Second Amendment to Amended and Restated Syndicated Facility
Agreement

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

ROYAL BANK OF CANADA, as a Canadian Lender, the Canadian Swing Line Lender, an
Issuing Bank, and an Extending Lender

By:     /s/ Mike Gaudet__________________________
Name:    Mike Gaudet
Title: Authorized Signatory

Signature Page to Second Amendment to Amended and Restated Syndicated Facility
Agreement

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

ROYAL BANK OF CANADA, as an Australian Lender, an Issuing Bank and an Extending
Lender

By:     /s/ Marcus Rayment_______________________
Name:    Marcus Rayment
Title: Director, Corporate Banking

Signature Page to First Amendment to Amended and Restated Syndicated Facility
Agreement

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

THE BANK OF NOVA SCOTIA, as a Canadian Lender and an Issuing Bank

By: /s/ Scott Nickel    
Name: Scott Nickel

Title: Director

 

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

BNS ASIA LIMITED, as an Australian Lender

By: /s/ Mark Levia    
Name:
Mark Levia

Title:
Director, Head of Execution & Head of BNSAL BNS Asia Limited

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

BANK OF MONTREAL, as a Canadian Lender
    
By: /s/ Adam Sisulak___________________________
Name: Adam Sisulak
Title: Director, BMO Corporate Finance

By: /s/ Nicholas Power__________________________
Name: Nicholas Power
Title: Managing Director, BMO Corporate Finance

 

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

HSBC BANK CANADA, as a Canadian Lender

By: /s/ Sean Cochrane    
Name: Sean Cochrane
Title: Assistant Vice President, Corporate Banking

By: /s/ Bruce Robinson    
Name: Bruce Robinson
Title: Vice President, Energy Financing

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

For and on behalf of THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED,
SYDNEY BRANCH by its duly authorised attorney pursuant to a power of attorney in
the presence of:

By: /s/ Nadia Ladak    
Name: Nadia Ladak
Title: Power of Attorney

By: /s/ Christie Lei Weng Hang    
Name: Christie Lei Weng Hang
Title: Witness

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

THE TORONTO-DOMINION BANK, as a Canadian Lender and an Issuing Bank

By: /s/ Neeraj Khanna    
Name: Neeraj Khanna
Title: Senior Analyst, Commercial National Accounts

By: /s/ Kyla Rackley    
Name: Kyla Rackley
Title: Associate V.P. Credit Management, Commercial National Accounts

Signature Page to Second Amendment to Amended and Restated Syndicated Facility
Agreement

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

TORONTO-DOMINION (TEXAS) LLC, as a U.S. Lender

By: /s/ Pradeep Mehra    
Name:
Pradeep Mehra

Title:
Authorized Signatory

Signature Page to Second Amendment to Amended and Restated Syndicated Facility
Agreement

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

NATIONAL BANK OF CANADA, as a Canadian Lender and an Australian Lender

By: /s/ Jason Anderson    
Name:
Jason Anderson

Title:
Director, Energy Services

By: /s/ Darrell Stelmack    
Name:
Darrell Stelmack

Title:
Director, Energy Services Group

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

ATB FINANCIAL, as Canadian Lender

By: /s/ Paul Spiller    
Name:
Paul Spiller

Title:
Senior Director

By: /s/ Matthew Oliphant    
Name:
Matthew Oliphant

Title:
Portfolio Manager

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

WELLS FARGO BANK N.A., CANADIAN BRANCH, as Canadian Lender

By:     
Name:    
Title:    

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

WELLS FARGO BANK, NATIONAL ASSOCIATION, as an Australian Lender

By:     
Name:    
Title:    

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

SUMITOMO MITSUI BANKING CORPORATION, as a U.S. Lender

By:     
Name:    
Title:    

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

SUMITOMO MITSUI BANKING CORPORATION, CANADA BRANCH, as a Canadian Lender

By:     
Name:    
Title:    

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

CANADIAN WESTERN BANK, as a Canadian Lender

By: /s/ Kuno Ryckborst    
Name:
Kuno Ryckborst

Title:
Senior Manager, Energy Lending

By: /s/ Erin Depoe    
Name:
Erin Depoe

Title:
AVP, Business Development

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

ANNEX I

SCHEDULE 2.01
Lenders and Commitments/Loans

US-DOCS\110695394.8

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

SCHEDULE 2.01
Lenders and Commitments/Loans
(all amounts in U.S. dollars, except noted otherwise in parentheses)
Bank
U.S. Revolving
Commitment
Canadian Revolving
Commitment
Australian Revolving
Commitment
Canadian Term Loans as of the Closing Date (C$)
Canadian Term Loans as of the Second Amendment date (C$)
Total
Commitments / Loans
Royal Bank of Canada

$10,155,236.80

$10,776,450.02

$10,438,596.70

$102,261,373.31

$71,856,381.87

$85,397,638.31

The Bank of Nova Scotia
–

$16,733,658.24

–

$81,989,742.14

$45,953,847.45

$51,285,423.24

BNS Asia Limited
–
–

$10,438,596.70

–
–

$10,438,596.70

HSBC Bank Canada
–

$22,500,000.00

–

$64,500,000.00

$53,212,500.00

$62,509,398.50

The Hong Kong and Shanghai Banking Corporation Limited, Sydney Branch
–
–

$21,250,000.00

–
–

$21,250,000.00

The Toronto-Dominion Bank
–

$14,003,190.24

–

$51,568,594.35

$42,544,090.34

$45,991,228.09

Toronto-Dominion (Texas) LLC

$2,488,038.40

–
–
–

–

$2,488,038.40

National Bank of Canada
–

$15,454,427.63

$7,434,209.90

$28,394,522.90

$23,425,481.39

$40,501,781.44

ATB Financial
–

$16,942,712.43

–

$28,324,766.28

$23,367,932.18

$34,512,586.25

Wells Fargo Bank National Association, Canadian Branch (2)
–

$15,689,665.44

–

$11,084,438.52

$9,144,661.80

$22,565,351.00

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

Bank
U.S. Revolving
Commitment
Canadian Revolving
Commitment
Australian Revolving
Commitment
Canadian Term Loans as of the Closing Date (C$)
Canadian Term Loans as of the Second Amendment date (C$)
Total
Commitments / Loans
Wells Fargo Bank, National Association(3)
–
–

$10,438,596.70

–

–

$10,438,596.70

Sumitomo Mitsui Banking Corporation(4)

$7,356,724.80

–
–
–

–

$7,356,724.80

Sumitomo Mitsui Banking Corporation, Canada Branch(5)
–

$22,500,000.00

–
–

–

$22,500,000.00

Canadian Western Bank
–

$24,899,896.00

–
–

–

$24,899,896.00

Bank of Montreal
–

$24,000,000.00

–
–
$34,196,940.95

$49,711,985.68

TOTAL

$20,000,000.00

$183,500,000.00

$60,000,000.00

$368,123,437.50

$303,701,835.99

$491,847,245.10

__________________
(2) Non-Extending Lender.
(3) Non-Extending Lender.
(4) Non-Extending Lender.
(5) Non-Extending Lender.