Document:

EX-4.2

 Exhibit 4.2 
  

 
  

FIRST AMENDMENT AND CONSENT 

TO 
 REVOLVING CREDIT
AGREEMENT 
 AND 

SUCCESSOR AGENT AGREEMENT 

dated as of December 19, 2017 

among 
 NOBLE CORPORATION, 

as the Company and a Borrower, 

NOBLE INTERNATIONAL FINANCE COMPANY, as a Designated Borrower, 

JPMORGAN CHASE BANK, N.A., 
 as
Administrative Agent and a Swingline Lender, 
 WILMINGTON TRUST, NATIONAL ASSOCIATION, 

as Successor Administrative Agent, 

THE LENDERS PARTY HERETO, and 

THE ISSUING BANKS AND OTHER SWINGLINE LENDERS PARTY HERETO 
  

 
  

 

 FIRST AMENDMENT AND CONSENT TO REVOLVING CREDIT AGREEMENT 

AND SUCCESSOR AGENT AGREEMENT 

This First Amendment and Consent to Revolving Credit Agreement and Successor Agent Agreement (this “Amendment”) dated as of
December 19, 2017, is among NOBLE CORPORATION, a Cayman Islands exempted company limited by shares (the “Company”), as a Borrower, NOBLE INTERNATIONAL FINANCE COMPANY, a Cayman Islands exempted company limited by shares and a
wholly-owned Subsidiary of the Company (“NIFCO”), as a Designated Borrower, JPMORGAN CHASE BANK, N.A., as Administrative Agent for the Lenders, WILMINGTON TRUST, NATIONAL ASSOCIATION, as Successor Administrative Agent (as defined
below), and the Lenders and other parties party hereto. 
 RECITALS 

WHEREAS, the Company, NIFCO, the other Designated Borrowers from time to time party thereto, the Administrative Agent and the Lenders and
other parties from time to time party thereto have entered into that certain Revolving Credit Agreement dated as of January 26, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”). 
 WHEREAS, concurrently with the First Amendment Effective Date (as defined below), Noble Cayman
Limited will enter into the New Credit Agreement (as defined below) and certain Lenders will cease to be Lenders under the Credit Agreement and concurrently become lenders under the New Credit Agreement (each such Lender, a “New Facility
Lender”). 
 WHEREAS, the Borrowers have requested, and the Administrative Agent, the Issuing Banks, the Swingline Lenders and the
Lenders party hereto (which constitute Required Lenders) have agreed, to amend certain provisions of the Credit Agreement on the terms and conditions set forth herein. 

WHEREAS, the Borrowers have requested, and the Administrative Agent and the Lenders party hereto (which constitute Required Lenders) have
agreed, to permit the Non-Pro Rata Commitment Reduction (as defined below) on the terms and conditions set forth herein. 

WHEREAS, JPMorgan Chase, N.A. has agreed to resign as Administrative Agent, and the Company and the Required Lenders have agreed to allow such
resignation and to appoint Wilmington Trust, National Association, as successor Administrative Agent (in such capacity, the “Successor Administrative Agent”), and such resignation and appointment shall be effective on the First
Amendment Effective Date (as defined below). 
 NOW, THEREFORE, to induce the Administrative Agent, the Successor Administrative Agent, the
Issuing Banks, the Swingline Lenders and the Lenders party hereto to enter into this Amendment and 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. Definitions. Unless otherwise defined in this Amendment, each
capitalized term used 

 
in this Amendment, including the recitals hereto, has the meaning assigned to such term in the Credit Agreement as amended hereby. Unless otherwise indicated, all section references in this
Amendment refer to sections of the Credit Agreement. 
 Section 2. Amendments to Credit Agreement. 

2.1 Amendment to Section 1.1. The following defined terms are hereby amended and restated in their entirety or added in their
entirety in the appropriate alphabetical order, in each case to read as follows: 
 “First Amendment” means that certain
First Amendment and Consent to Revolving Credit Agreement and Successor Agent Agreement, dated as of December 19, 2017, among the Company, NIFCO, the Administrative Agent, the Issuing Banks, the Swingline Lenders and the Lenders and other parties
party thereto. 
 “First Amendment Effective Date” has the meaning set forth in the First Amendment. 

“Local Content Entity” means any Affiliate of the Company (i) that owns a Rig and (ii) the capital stock or other
equity interests of which is jointly owned by the Company or any Subsidiary(ies) and any other Person(s) that is (are) required or necessary under local law or custom to own capital stock or other equity interests in the Local Content Entity as a
condition for the operation of such Rig in such jurisdiction. 
 “New Credit Agreement” means that certain Revolving Credit
Agreement, dated as of the First Amendment Effective Date, among Noble Cayman Limited, as co-borrower, NIFCO, as co-borrower, JPMorgan Chase Bank, N.A., as
administrative agent, and the lenders and other parties party thereto (as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time). 

“New Credit Facility Documents” means, collectively, the New Credit Agreement and any guaranties, certificates, instruments
or other documents delivered or contemplated to be delivered thereunder or in connection therewith (in each case, as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time). 

“Noble Cayman Limited” means Noble Cayman Limited, a Cayman Islands exempted company limited by shares. 

“Rig” means any mobile offshore drilling unit (including without limitation any
jack-up). 
 “Subsidiary” means, for any Person, any other Person (other than,
except in the context of Sections 5.9 and 6.6(a), a SPV) of which more than fifty percent (50%) of the outstanding stock or comparable equity interests having ordinary voting power for the election of the board of directors, managers
or similar governing body of such other Person (irrespective of whether or not at the time stock or other equity interests of any other class or classes of such other Person shall have or might have voting power by reason of the happening of any
contingency), is at the time directly or indirectly owned by such former Person or by one or more of its Subsidiaries. In addition, notwithstanding the foregoing, (i) so long as any member of the Noble Yieldco Group is consolidated with the
Company in accordance with GAAP, such member of the Noble Yieldco 

  
 2 

 
Group shall constitute a “Subsidiary” of the Company hereunder and under the other Credit Documents and (ii) so long as Bully 1, Bully 2 or any Local Content Entity is consolidated
with the Company in accordance with GAAP, for the purposes of any financial-related definitions, calculations or deliverables provided for herein which refer to the financials of the Company and its Subsidiaries consolidated in accordance with GAAP,
or similar language, such Bully 1, Bully 2 or Local Content Entities and each such entity’s respective Subsidiaries shall constitute a “Subsidiary” of the Company hereunder and under the other Credit Documents, with Bully 1, Bully 2
and their respective Subsidiaries being accounted for pursuant to the equity method of accounting. 
 2.2 Additional Amendments to
Section 1.1. 
 (a) The following defined term hereby amended and restated in its entirety as follows: 

“Interest Period” means with respect to any Eurodollar Borrowing, the period commencing on the date of
such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter (or with the consent of the Administrative Agent and each Lender making a Revolving Loan as part of such Borrowing,
any other period), in each case as the applicable Borrower may elect. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion
or continuation of such Borrowing. 
 (b) Clause (i) of the definition of “Base Rate” is hereby amended and restated in
its entirety as follows: 
 (i) the per annum fluctuating commercial loan rate announced by JPMorgan Chase Bank, N.A. from time to time at
its New York, New York office as its prime rate or base rate for U.S. Dollar loans in the United States of America in effect on such day (which base rate may not be the lowest rate charged by JPMorgan Chase Bank, N.A. on loans to any of its
customers), with any change in the Base Rate resulting from a change in such announced rate to be effective on the date of the relevant change; 

2.3 Amendment to Section 2.3(a). Clause (ii) of Section 2.3(a) is hereby amended and restated as follows: “(ii)
12:00 p.m. on the date that is one (1) Business Day prior to the date the Company requests the Lenders to advance a Borrowing of Base Rate Loans.” 

2.4 Amendment to Section 2.3(b). Clause (B) of the last sentence of Section 2.3(b) is hereby amended and
restated as follows: “(ii) 12:00 p.m. on the date that is one (1) Business Day prior to the date of any conversion of Eurodollar Loans to Base Rate Loans.” 

2.5 Amendment to Section 2.9. The first sentence of Section 2.9 is hereby amended and restated as follows:
“Each Borrower shall have the right to prepay Base Rate Loans or Swingline Loans without premium or penalty at any time and from time to time, in whole or in part (but, if in part, then in an amount which is equal to or greater than
$1,000,000); provided, however, that the Company on behalf of such Borrower shall have given notice of such prepayment to the Administrative Agent no later than 12:00 p.m. on the date that is one (1) Business Day prior to the date such
prepayment.” 

  
 3 

 2.6 Amendment to Section 2.12. Section 2.12(a) is hereby amended
by replacing “$500,000,000” contained therein with “$0.00”. 
 2.7 Amendment to Section 5.16.
Section 5.16 is hereby amended by adding “, as in effect on the Effective Date” after the reference to “Section 6.11”. 

2.8 Amendment to Section 6.11. Section 6.11 is hereby amended by: 

(a) replacing the phrase “Subsidiaries or SPVs” contained in clause (c) thereof with “Subsidiaries, Local Content Entities
or SPVs”; 
 (b) replacing “ten percent (10%)” contained in clause (j) thereof with “fifty percent (50%)”; 

(c) adding a new clause (k) to read “(k) Indebtedness under the New Credit Facility Documents;” and 

(d) re-lettering former clauses (k) through (m) accordingly. 

2.9 Amendment to Section 7.1(j). Section 7.1(j) is hereby amended by adding the phrase “, except as a result of a
Redomestication” between “Company” and “;” at the end of such Section. 
 2.10 Amendment to
Section 9.3. Section 9.3 is hereby amended and restated in its entirety as follows: 
 The Administrative Agent
shall not have any duties or obligations except those expressly set forth in the Credit Documents and its duties hereunder (and under the other Credit Documents) shall be administrative in nature. Without limiting the generality of the foregoing,
(i) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default has occurred and is continuing, (ii) the Administrative Agent shall not have any duty to take
any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby that Administrative Agent is instructed in writing to exercise by the Required Lenders (or such other number or
percentage of the Lenders as shall be necessary under the circumstances as provided in the Credit Agreement or as the Administrative Agent shall believe in good faith shall be necessary). Neither any
Co-Arranger nor any Co-Syndication Agent nor any Co-Documentation Agent shall have any duties, responsibilities, or obligations
hereunder in such capacity. Without limiting the generality of the foregoing, the Administrative Agent shall not be required to take any action concerning any Default or Event of Default, except as expressly provided in Sections 7.2 and
7.5. Unless and until the Required Lenders (or, if required by Section 10.11, all of the Lenders) give such direction (including, without limitation, the giving of a notice of default as described in
Section 7.1(c)), the Administrative Agent may, except as otherwise expressly provided herein or therein, take or refrain from taking such actions as it deems appropriate and in the best

  
 4 

 
interest of all the Lenders and the Swingline Lenders. In no event, however, shall the Administrative Agent be required to take any action in violation of applicable law or of any provision
of any Credit Document, and the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder or under any other Credit Document unless it first receives any further assurances of its indemnification from the
Lenders that it may require, including prepayment of any related expenses and any other protection it requires against any and all costs, expenses, and liabilities it may incur in taking or continuing to take any such action. The Administrative
Agent shall be deemed to not have knowledge of any Default or Event of Default unless and until written notice thereof is given to the Administrative Agent by a Borrower or a Lender. In all cases in which the Credit Documents do not require the
Administrative Agent to take specific action, the Administrative Agent shall be fully justified in using its discretion in failing to take or in taking any action thereunder. Any instructions of the Required Lenders, or of any other group of Lenders
called for under specific provisions of the Credit Documents, shall be binding on all the Lenders and holders of Revolving Notes. 
 2.11
Amendment to Section 9.7(a). Section 9.7(a) is amended to delete the second sentence thereof and by deleting and replacing the first sentence with the following: “The Administrative Agent may resign at any time upon at least
sixty (60) days’ prior written notice to the Lenders and the Company.” 
 2.12 Amendment to
Section 10.07(a). Section 10.07(a) is amended so that the address for notices to the Administrative Agent shall be Wilmington Trust, National Association, 50 South Sixth Street, Suite 1290, Minneapolis, MN 55402, Attn:
Josh James, Vice President; Fax: 612-217-5651; Email: jjames@wilmingtontrust.com; with a copy to: Duane Morris LLP, 222 Delaware Avenue, Suite 1600, Wilmington, Delaware
19801, Attn: Christopher Winter; Fax: 302-397-2455; Email: cmwinter@duanemorris.com. 

2.13 Amendment to Section 10.7(b). Section 10.7(b) is amended to replace the email address set forth therein
with the following: jjames@wilmingtontrust.com. 
 2.14 Amendment to Section 10.13. Section 10.13 is amended
by amending and restating the first sentence thereof as follows: 
 The Company, upon demand by the Administrative Agent, agrees to pay all
reasonable out-of-pocket costs and expenses of the Administrative Agent (including, without limitation, the reasonable fees and disbursements of legal counsel to the
Administrative Agent) in connection with the preparation and execution, delivery, performance and administration of the Credit Documents, and any amendment, waiver or consent related thereto, whether or not the transactions contemplated therein are
consummated. 
 2.15 Further Amendment to Section 10.13. Section 10.13 is further amended by deleting the phrase
“violation of law or willful breach of its obligations hereunder” from the proviso at the end of the second sentence thereof. 

2.16 Amendment to Section 10.15. Section 10.15 is amended by adding the following sentence as the new last
sentence thereof: “Notwithstanding the foregoing, the Administrative 

  
 5 

 
Agent may post and otherwise convey Information related to this Agreement to the Lenders in accordance with Section 10.7, and each Lender may share Information related to this
Agreement with the Administrative Agent.” 
 2.17 Amendment to Schedule 1A. Schedule 1A is hereby amended by deleting such
Schedule in its entirety and replacing it with Schedule 1A attached hereto. 
 2.18 Amendment to Schedule 1B. Schedule 1B is
hereby amended by deleting such Schedule in its entirety and replacing it with Schedule 1B attached hereto. 
 2.19 Amendment to
Schedule 2.12. Schedule 2.12 is hereby amended by deleting such Schedule in its entirety and replacing it with Schedule 2.12 attached hereto. 

Section 3. Non-Pro Rata Commitment Reduction. Upon the occurrence of the First Amendment Effective Date,
the Commitment and Swingline Commitment, as applicable, of each New Facility Lender shall be reduced to zero (such reduction on the First Amendment Effective Date, the “Non-Pro Rata Commitment
Reduction”). The Administrative Agent hereby agrees that this Amendment constitutes sufficient notice of such Non-Pro Rata Commitment Reduction in accordance with Section 2.13. For the avoidance
of doubt, there shall be no Issuing Bank and no Swingline Lenders once the Non-Pro Rata Commitment Reduction occurs, and the parties hereto consent to the existing Issuing Bank resigning on such date
notwithstanding any notice period requirements in Section 9.7(b). 
 Section 4. Consent. As of the Limited Effective Date (as defined
below), the Lenders constituting the Required Lenders hereby consent to the Non-Pro Rata Commitment Reduction notwithstanding the requirements and/or limitations set forth in Section 2.13 to the extent,
and only to the extent that, the consummation of the Non-Pro Rata Commitment Reduction would violate such requirements and/or limitations (collectively, the “Consent”). The Consent shall
constitute a limited, one-time consent, and nothing contained herein shall obligate the Lenders to grant any additional or future consent with respect to, or in connection with, any provision of any Credit
Document. 
 Section 5. Resignation of the Administrative Agent; Appointment of Successor Administrative Agent. 

5.1 As of the First Amendment Effective Date (such term is used herein as defined below in Section 6 hereof): 

(a) JPMorgan Chase Bank, N.A. hereby resigns as Administrative Agent (in such capacity, the “Resigning Administrative Agent”)
and gives notice of such resignation; 
 (b) each of the Borrowers, the Required Lenders and the Resigning Administrative Agent hereby waives
the 30-day notice requirement for such resignation contained in Section 9.7(a) and agrees that such resignation is effective; 

(c) the Required Lenders hereby appoint, with the consent of the Company, Wilmington Trust, National Association, as successor Administrative
Agent in accordance with Section 9.7(a); 

  
 6 

 (d) Wilmington Trust, National Association hereby accepts its appointment as the successor
Administrative Agent; and 
 (e) after the First Amendment Effective Date, all references to “Administrative Agent” under the
Credit Documents shall be references to Wilmington Trust, National Association. 
 5.2 Duties and Obligations of Administrative
Agent. From and after the First Amendment Effective Date, the Resigning Administrative Agent shall be released from each and all of its obligations and duties as the Administrative Agent under the Credit Documents, and the Successor
Administrative Agent shall succeed to and become vested with all of the obligations and duties of the Administrative Agent under the Credit Documents; provided that the Successor Administrative Agent shall have no liabilities, duties, or
obligations in respect of any acts or omissions of the Resigning Administrative Agent occurring prior to the First Amendment Effective Date, including with respect to withholding Taxes. 

5.3 Rights and Authority of Administrative Agent. Without in any way limiting Section 9.7(a), from and after the First Amendment
Effective Date, the Successor Administrative Agent shall be the Administrative Agent and shall succeed to, and become vested with, the rights, authority, privileges, powers and protections of the Administrative Agent under the Credit Documents, and
the Resigning Administrative Agent shall automatically cease to have any such rights, authority, privileges, powers and protections; provided, however, that nothing herein shall limit the rights and protections in favor of the Resigning
Administrative Agent that expressly survive resignation under the Credit Agreement (including Section 9.7(a) thereof) and the other Credit Documents. 

5.4 No Liability Prior to the First Amendment Effective Date. The Resigning Administrative Agent, the Borrowers and the Required
Lenders expressly agree and acknowledge that neither the Successor Administrative Agent, in its individual capacity or as the Administrative Agent, nor any of its Affiliates, shall bear any responsibility or liability for any actions taken or
omitted to be taken by the Resigning Administrative Agent (or any other party) under this Agreement, the Credit Agreement, or any of the other Credit Documents or the transactions contemplated hereby or thereby prior to the First Amendment Effective
Date. 
 5.5 Certifications. The Resigning Administrative Agent hereby certifies to the Successor Administrative Agent as follows as
of the First Amendment Effective Date: 
 (a) Lenders. To the knowledge of the Resigning Administrative Agent, the copy of the loan
register delivered by the Resigning Administrative Agent to the Successor Administrative Agent on or before the First Amendment Effective Date is true, correct and complete as of the First Amendment Effective Date (and after giving effect to the
transactions contemplated by this Amendment). 
 (b) Credit Documents. To the knowledge of the Resigning Administrative Agent,
Exhibit A hereto sets forth each Credit Document (other than Borrowing Requests, Swingline Requests and Credit Documents related to Issuing Banks and Letters of Credit), including any Credit Documents that have been delivered to the Successor
Administrative Agent as of the 

  
 7 

 
First Amendment Effective Date, and as of the First Amendment Effective Date, there have been no amendments, supplements, forbearance agreements, waivers or consents relating to such Credit
Documents (other than this Amendment), to which the Resigning Administrative Agent has knowledge or is a party. 
 (c) Questionnaires and
Other Documentation. The Resigning Administrative Agent has delivered to the Successor Administrative Agent the administrative questionnaires, certifications and other documentation received by the Resigning Administrative Agent from each
Lender, in each case, that is in the Resigning Administrative Agent’s possession (collectively, the “Lender Documentation”). 

5.6 Certifications. The Borrowers and the Required Lenders acknowledge and agree that the Successor Administrative Agent is entitled to
and shall rely on the certifications set forth herein in Section 5.5 and other information and documentation provided to the Successor Administrative Agent by the Resigning Administrative Agent in connection with this Amendment. 

5.7 Covenants of Resigning Administrative Agent. The Resigning Administrative Agent shall on or before the First Amendment
Effective Date, deliver, or cause to be delivered, promptly to the Successor Administrative Agent executed versions of (a) the Credit Agreement, (b) the Subsidiary Guaranty (as defined on Exhibit A), (c) the Cross-Guaranty (as
defined on Exhibit A) and (d) the Lender Documentation. 
 5.8 Expenses. The Borrowers agree to pay on the First
Amendment Effective Date the reasonable and documented out-of-pocket costs and expenses of the Successor Administrative Agent relating to this Agreement, including the
negotiation, documentation and closing thereof, including the reasonable and documented fees, charges and disbursements of Duane Morris LLP as counsel for the Successor Administrative Agent, to the extent invoices therefore have been provided at
least one day prior to the First Amendment Effective Date. 
 5.9 Successor Administrative Agent Fees. On the First Amendment
Effective Date, the Successor Administrative Agent shall be entitled to receive its agency fees as set forth in that certain Fee Letter, dated as of the date hereof (the “Fee Letter”), between the Borrowers and the Successor
Administrative Agent. Fees payable pursuant to the Fee Letter shall be fully earned when due, and when paid shall be nonrefundable for any reason whatsoever (except as otherwise expressly agreed in writing by the Borrowers and the Successor
Administrative Agent). For the avoidance of doubt, nothing in this Agreement in any way limits the powers, rights, privileges and protections of the Successor Administrative Agent under the Credit Documents, including without limitation under
Sections 3.1(c) and 10.13. 
 5.10 Successor Administrative Agent Payment Office. All payments of principal, interest or fees made by
the Borrowers to the Successor Administrative Agent shall be made to the Successor Administrative Agent at its office at: 
 Wilmington
Trust, National Association 
 1100 North Market Street 

Wilmington, DE 19801 

  
 8 

 ABA #031100092 

Account No. 127063-000 

Account Name: Noble Corporation Credit Facility 

Reference: ICS 
 Attention: Josh
James 
 Section 6. Effectiveness. 

6.1 Limited Effective Date. This Amendment (other than Sections 2.2 through 2.6, Sections 2.10 through
2.19, Section 3, Section 5 and Section 8.4 hereof) shall become effective on the first date on which each of the conditions set forth in this Section 6.1 is satisfied (such date, the
“Limited Effective Date”): 
 (a) The Administrative Agent shall have executed this Amendment and shall have received duly
executed counterparts (in such number as may be requested by the Administrative Agent) of this Amendment from the Borrowers, each Issuing Bank, each Swingline Lender, the Successor Administrative Agent and the Required Lenders. 

(b) No Default or Event of Default shall have occurred and be continuing on such date, immediately after giving effect to the terms of this
Amendment. 
 6.2 First Amendment Effective Date. Sections 2.2 through 2.6, Sections 2.10 through 2.19,
Section 3, Section 5 and Section 8.4 of this Amendment shall become effective on the first date on which each of the conditions set forth in this Section 6.2 is satisfied (such date, the “First
Amendment Effective Date”): 
 (a) The Limited Effective Date shall have occurred. 

(b) The New Credit Agreement shall have become effective with each New Facility Lender’s commitment thereunder not exceeding the amount
set forth opposite such New Facility Lender’s name on Annex 1 attached hereto. 
 (c) January 3, 2018 shall have occurred.

 (d) The Resigning Administrative Agent shall have received for the account of the Lenders all accrued and unpaid facility fees at the
rate described in Section 3.1 from the date that the facility fees were most recently paid to (but not including) the First Amendment Effective Date. 

(e) No Default or Event of Default shall have occurred and be continuing on such date, immediately after giving effect to the terms of this
Amendment. 
 Section 7. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
 Section 8. Miscellaneous. 

  
 9 

 8.1 (a) On and after the each of Limited Effective Date and the First Amendment Effective Date,
each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in each other Credit Document to “the Credit
Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended or otherwise modified by this Amendment as such provisions of
this Amendment are in effect on and after such date; (b) the execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any default of the Borrower or any right, power or
remedy of the Administrative Agent or the Lenders under any of the Credit Documents, nor constitute a waiver of any provision of any of the Credit Documents; (c) this Amendment may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument and any of the parties hereto may execute this Agreement by signing any such counterpart; and (d) delivery of an executed counterpart of a signature page to this Amendment by telecopier or
electronic mail shall be effective as delivery of a manually executed counterpart of this Amendment. 
 8.2 Neither the execution by the
Administrative Agent, any Issuing Bank, any Swingline Lender or any Lender of this Amendment, nor any other act or omission by the Administrative Agent, any Issuing Bank, any Swingline Lender or any Lender or their officers in connection herewith,
shall be deemed a waiver by the Administrative Agent, any Issuing Bank, any Swingline Lender or any Lender of any defaults which may exist or which may occur in the future under the Credit Agreement and/or the other Credit Documents (collectively
“Violations”). Similarly, nothing contained in this Amendment shall directly or indirectly in any way whatsoever either: (a) impair, prejudice or otherwise adversely affect the Administrative Agent’s, the Issuing
Banks’, the Swingline Lenders’ or the Lenders’ right at any time to exercise any right, privilege or remedy in connection with the Credit Documents with respect to any Violations; (b) except for the amendments set forth herein,
amend or alter any provision of the Credit Agreement, the other Credit Documents, or any other contract or instrument; or (c) constitute any course of dealing or other basis for altering any obligation of the Borrower or any right, privilege or
remedy of the Administrative Agent, any Issuing Bank, any Swingline Lender or any Lenders under the Credit Agreement, the other Credit Documents, or any other contract or instrument. Nothing in this letter shall be construed to be a consent by the
Administrative Agent, any Issuing Bank, any Swingline Lender or any Lender to any Violations. 
 8.3 Each Borrower hereby
(a) acknowledges the terms of this Amendment; (b) ratifies and affirms its obligations under, and acknowledges, renews and extends its continued liability under, each Credit Document to which it is a party and agrees that each Credit
Document to which it is a party remains in full force and effect, except as expressly amended or modified hereby; and (c) represents and warrants to the Administrative Agent, each Issuing Bank, each Swingline Lender and each Lender that as of
each of the Limited Effective Date and the First Amendment Effective Date, after giving effect to the terms of this Amendment: (i) all of the representations and warranties contained in each Credit Document to which it is a party are true and
correct in all material respects (unless already qualified by materiality in which case such applicable representation and warranty shall be true and correct), except to the extent any such representations and warranties are expressly limited to an
earlier date, in which case, such representations and warranties shall continue to be true and correct in all material respects (unless already qualified by materiality in which case such applicable representation and warranty shall be true and
correct) as of such specified earlier date, and (ii) no Default or Event of Default has occurred and is continuing. 

  
 10 

 8.4 References in this Section 8 to the “Administrative
Agent” mean, for all periods prior to the First Amendment Effective Date, the Resigning Administrative Agent, and from and after the First Amendment Effective Date, the Successor Administrative Agent. 

8.5 This Amendment is a Credit Document as defined and described in the Credit Agreement and all of the terms and provisions of the Credit
Agreement relating to Credit Documents shall apply hereto. 
 8.6 THE CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS, INCLUDING THIS
AMENDMENT, EMBODY THE ENTIRE AGREEMENT AND UNDERSTANDING BETWEEN THE PARTIES AND SUPERSEDE ALL OTHER AGREEMENTS AND UNDERSTANDINGS BETWEEN SUCH PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

[Signature Pages Follow] 

  
 11 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
officers thereunto duly authorized as of the date first above written. 
  

					
	 NOBLE CORPORATION, a Cayman Islands exempted company limited by shares, as the Company and a Borrower 

		
	By:	 	 /s/ Alan R. Hay

	Name:	 	 Alan R. Hay 

	Title:	 	 Director, Vice President and Secretary 

	
	 NOBLE INTERNATIONAL FINANCE COMPANY, A Cayman Islands exempted company limited by shares, as a Designated
Borrower

		
	By:	 	 /s/ Alan R. Hay

	Name:	 	 Alan R. Hay 

	Title:	 	 Director, President and Secretary

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent, Resigning Administrative Agent, an Issuing Bank, a Swingline Lender and a Lender
		
	By:	 	 /s/ Travis Watson

	Name:	 	Travis Watson
	Title:	 	Vice President

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Successor Administrative Agent
		
	By:	 	 /s/ Nicole Kroll

	Name:	 	Nicole Kroll
	Title:	 	Banking Officer

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Co-Syndication Agent, a Swingline Lender and a Lender
		
	By:	 	 /s/ Timothy P. Gebauer

	Name:	 	Timothy P. Gebauer
	Title:	 	Director

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	BARCLAYS BANK PLC, as Co-Syndication Agent and a Lender
		
	By:	 	 /s/ Sydney G. Dennis

	Name:	 	Sydney G. Dennis
	Title:	 	Director

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	CITIBANK, N.A., as Co-Syndication Agent and a Lender
		
	By:	 	 /s/ Gabe Juarez

	Name:	 	Gabe Juarez
	Title:	 	Vice President

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	DNB BANK AS A NEW YORK BRANCH, as Co-Syndication Agent
		
	By:	 	 /s/ Mita Zalavadia

	Name:	 	Mita Zalavadia
	Title:	 	Assistant Vice President
		
	By:	 	 /s/ Magdalena Brzostowska

	Name:	 	Magdalena Brzostowska
	Title:	 	First Vice President
	
	DNB CAPITAL LLC, as a Lender
		
	By:	 	 /s/ Andrew J. Shohet

	Name:	 	Andrew J. Shohet
	Title:	 	Vice President
		
	By:	 	 /s/ Evan W. Uhlick

	Name:	 	Evan W. Uhlick
	Title:	 	Senior Vice President

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	HSBC BANK USA, N.A., as a Lender
		
	By:	 	 /s/ Balaji Rajgopal

	Name:	 	Balaji Rajgopal
	Title:	 	Associate Director

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	SUNTRUST BANK, as Co-Syndication Agent and a Lender
		
	By:	 	 /s/ John Fields

	Name:	 	John Fields
	Title:	 	Authorized Signatory

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	BNP PARIBAS, as Co-Documentation Agent and a Lender
		
	By:	 	 /s/ Joe Onischuk

	Name:	 	Joe Onischuk
	Title:	 	Managing Director
		
	By:	 	 /s/ Mark Renaud

	Name:	 	Mark Renaud
	Title:	 	Managing Director

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Co-Documentation Agent and a Lender
		
	By:	 	 /s/ Nupur Kumar

	Name:	 	Nupur Kumar
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Christopher Zybrick

	Name:	 	Christopher Zybrick
	Title:	 	Authorized Signatory

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	SUMITOMO MITSUI BANKING CORPORATION, as a Lender
		
	By:	 	 /s/ James D. Weinstein

	Name:	 	James D. Weinstein
	Title:	 	Managing Director

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	CREDIT AGRICOLE CORPORATE & INVESTMENT BANK, as a Lender
		
	By:	 	 /s/ Page Dillehunt

	Name:	 	Page Dillehunt
	Title:	 	Managing Director
		
	By:	 	 /s/ Michael Willis

	Name:	 	Michael Willis
	Title:	 	Managing Director

 [Signature Page to First Amendment to Credit Agreement] 

 
			
	BANK HAPOALIM B.M., as a Lender
		
	By:	 	 /s/ Helen H. Gateson

	Name:	 	Helen H. Gateson
	Title:	 	Vice President
		
	By:	 	 /s/ Charles McLaughlin

	Name:	 	Charles McLaughlin
	Title:	 	Senior Vice President

 [Signature Page to First Amendment to Credit Agreement] 

 SCHEDULE 1A 

COMMITMENT SCHEDULE 
  

					
	 Lender
	  	Commitment	 
	 Bank of America
	  	$	60,000,000.00	 
	 Mizuho Bank, Ltd
	  	$	185,000,000.00	 
	 Standard Chartered Bank
	  	$	55,000,000.00	 
		  	  
	  
	 
	 Total
	  	$	300,000,000.00	 
		  	  
	  
	 

 SCHEDULE 1B 

SWINGLINE COMMITMENT SCHEDULE 
  

					
	 Swingline Lender
	  	Swingline Commitment	 
	 N/A
	  	 	$0.00	 

 SCHEDULE 2.12 

MAXIMUM LC ISSUANCE AMOUNTS 
  

					
	 Issuing Bank
	  	Maximum LC Issuance Amount	 
	 N/A
	  	 	$0.00	 

 ANNEX 1 

MAXIMUM NEW REVOLVING COMMITMENTS 
  

									
	 Lender
	  	Commitment	 	  	Percentage	 
	 JPMorgan Chase Bank, N.A.
	  	$	157,500,000.00	 	  	 	10.50	% 
	 Barclays Bank PLC
	  	$	157,500,000.00	 	  	 	10.50	% 
	 Citibank, N.A.
	  	$	157,500,000.00	 	  	 	10.50	% 
	 DNB Capital LLC
	  	$	157,500,000.00	 	  	 	10.50	% 
	 HSBC Bank USA, N.A.
	  	$	157,500,000.00	 	  	 	10.50	% 
	 SunTrust Bank
	  	$	157,500,000.00	 	  	 	10.50	% 
	 Wells Fargo Bank, National Association
	  	$	157,500,000.00	 	  	 	10.50	% 
	 BNP Paribas
	  	$	129,500,000.00	 	  	 	8.60	% 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	129,500,000.00	 	  	 	8.60	% 
	 Sumitomo Mitsui Banking Corporation
	  	$	80,500,000.00	 	  	 	5.40	% 
	 Credit Agricole Corporate and Investment Bank
	  	$	42,000,000.00	 	  	 	2.80	% 
	 Bank Hapoalim B.M.
	  	$	17,500,000.00	 	  	 	1.20	% 
		  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	1,501,500,000.00	 	  	 	100.0000000000	% 
		  	  
	  
	 	  	  
	  
	 

 EXHIBIT A 

Credit Documents 
  

	1.	Credit Agreement. 

  

	2.	Subsidiary Guaranty (as in effect on the date hereof, the “Subsidiary Guaranty”) dated as of January 26, 2015, made by Noble Holding (U.S.) Corporation, a Delaware corporation, and (d) Noble
Holding International Limited, a Cayman Islands exempted company limited by shares, and acknowledged and agreed to by the Company in favor of the Lenders, the Administrative Agent, the Other Agents, the Issuing Banks and the Swingline Lenders (the
foregoing Persons are collectively referred to herein as the “Guaranteed Parties”). 

  

	3.	Co-Borrower Cross-Guaranty (as in effect on the date hereof, the “Cross-Guaranty”) dated as of January 26, 2015 made by the Borrowers in favor of the
Guaranteed Parties. 

  

	4.	Each Revolving Note dated as of January 26, 2015 made by the Company in favor of each Lender requesting such Revolving Note. 

  

	5.	Each Revolving Note dated as of January 26, 2015 made by NIFCO in favor of each Lender requesting such Revolving Note. 

  

	6.	Swingline Note dated as of the date hereof made by the Company in favor of JPMorgan Chase Bank, N.A., as a Swingline Lender. 

  

	7.	Swingline Note dated as of the date hereof made by NIFCO in favor of JPMorgan Chase Bank, N.A., as a Swingline Lender. 

  

	8.	Swingline Note dated as of the date hereof made by the Company in favor of Wells Fargo Bank, National Association, as a Swingline Lender. 

 

	9.	Swingline Note dated as of the date hereof made by NIFCO in favor of Wells Fargo Bank, National Association, as a Swingline Lender.Exhibit
4.1

 

NUMBER
UNITS

U-

 

SEE
REVERSE FOR CERTAIN DEFINITIONS

 

CUSIP
[●]

 

GORDON
POINTE ACQUISITION CORP.

 

UNITS
CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE-THIRD OF ONE

WARRANT TO PURCHASE ONE SHARE OF CLASS A COMMON STOCK

 

THIS
CERTIFIES THAT is the owner of Units.

 

Each
Unit (“Unit”) consists of one (1) share of Class A common stock, par value $0.0001 per share (“Common
Stock”), of Gordon Pointe Acquisition Corp., a Delaware corporation (the “Company”), and
three-fourths (3/4) of one warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the
holder to purchase one (1) share (subject to adjustment) of Common Stock for $11.50 per share (subject to adjustment). Each Warrant
will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each a “Business
Combination”), or (ii) twelve (12) months from the closing of the Company’s initial public offering, and will
expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company
completes its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration Date”).
The Common Stock and Warrants comprising the Units represented by this certificate are not transferable separately prior to ,
2017, unless B. Riley FBR, Inc. elects to allow separate trading earlier, subject to the Company’s
filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting
the Company’s receipt of the gross proceeds of the offering and issuing a press release announcing when separate trading
will begin. The terms of the Warrants are governed by a Warrant Agreement, dated as of , 2017, between the Company and Continental
Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which
terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file
at the office of the Warrant Agent at 17 Battery Place, New York, New York 10004, and are available to any Warrant holder on written
request and without cost.

 

This
certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

 

This
certificate shall be governed by and construed in accordance with the internal laws of the State of New York.

 

Witness
the facsimile signature of its duly authorized officers.

 

	
	 
	 

	Secretary
	 
	President

 

     

     

    

 

GORDON
POINTE ACQUISITION CORP.

 

The
Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and
relative, participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications,
limitations, or restrictions of such preferences and/or rights.

 

The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:

 

	TEN
        COM

         
	—

         
	as
        tenants in common

         
	 

         
	UNIF
        GIFT MIN ACT

         
	  —

         
	 

         
	Custodian

         
	 

         

	TEN
ENT
	—
	as
tenants by the entireties
	 
	  
	 
	(Cust)
	 
	(Minor)

	
	 
	
	 
	
	
	

	JT
        TEN

         
	—

         
	as
joint tenants with right of survivorship and not as tenants in common
	 

         
	 

         
	 

         
	under
Uniform Gifts to Minors Act

	
	 
	 
	 
	 
	(State)

 

Additional
abbreviations may also be used though not in the above list.

 

For
value received, hereby sell, assign and transfer unto 

 

PLEASE
INSERT SOCIAL SECURITY OR

OTHER

IDENTIFYING NUMBER OF ASSIGNEE

 

	 

	(PLEASE
PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

  

Units
represented by the within Certificate, and do hereby irrevocably constitute and appoint

 

Attorney
to transfer the said Units on the books of the within named Company with full power of substitution in the premises.

 

	Dated 
	

	 
	 

	 

         
	Notice:
The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular,
without alteration or enlargement or any change whatever. 

 

	Signature(s)
Guaranteed:
	 

        

	 
	  

	 
	 

        

	THE
SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT
UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR
RULE).
	 

         

  

In
each case, as more fully described in the Company’s final prospectus dated , 2017, the holder(s) of this certificate shall
be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection with its initial
public offering only in the event that (i) the Company redeems the shares of Class A common stock sold in its initial public offering
and liquidates because it does not consummate an initial business combination by , 2019, (ii) the Company redeems the shares of
Class A common stock sold in its initial public offering in connection with a stockholder vote to amend the Company’s amended
and restated certificate of incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of
the Class A common stock if it does not consummate an initial business combination by , 2019, or (iii) if the holder(s) seek(s)
to redeem for cash his, her or its respective shares of Class A common stock in connection with a tender offer (or proxy solicitation,
solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting forth the details
of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind
in or to the trust account.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00277-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00277-of-00352.parquet"}]]