Document:

Exhibit 4.1

 

FIRST SUPPLEMENTAL INDENTURE

 

FIRST SUPPLEMENTAL INDENTURE, dated as of
June 30, 2015 (this “Supplemental Indenture”), by and between IPALCO Enterprises, Inc., an Indiana corporation
(the “Company”) and The Bank of New York Mellon Trust Company, N.A., as Trustee (the “Trustee”),
to the Indenture, dated April 15, 2008, by and among the Company and the Trustee, pursuant to which the Company has $400 million
aggregate principal amount of 7.25% Senior Secured Notes due 2016 (the “Notes”) outstanding (the “Indenture”).

 

W I T N E S S E T H:

 

WHEREAS, Section 9.02 of the Indenture provides
that the Company and the Trustee may, with certain exceptions, amend the Indenture with respect to the Notes and the Notes with
the written consent of the Holders of a majority in principal amount of the outstanding Notes;

 

WHEREAS, the Company has distributed an
Offer to Purchase and Consent Solicitation Statement, dated June 16, 2015 (the “Offer to Purchase”), and accompanying
consent and letter of transmittal to the Holders of the Notes in connection with certain proposed amendments to the Indenture with
respect to the Notes as described in the Offer to Purchase (the “Proposed Amendments”);

 

WHEREAS, the Holders of at least a majority
in principal amount of the Notes currently outstanding have duly consented to the Proposed Amendments , and the Company has provided
to the Trustee evidence of the written consent of such Holders (the “Consents”), and in accordance with Sections 9.04
and Section 10.04 of the Indenture, has delivered an Officers’ Certificate and an Opinion of Counsel to the Trustee stating
that the execution of this Supplemental Indenture is permitted by the Indenture and that all conditions precedent to its execution
have been complied with, and that the Company and the Trustee are authorized to execute and deliver this Supplemental Indenture,
and pursuant to Section 9.02 of the Indenture, the Company desires to execute and deliver this Supplemental Indenture, and has
requested and hereby directs that the Trustee join with it in the execution and delivery of this Supplemental Indenture; and

 

WHEREAS, the execution and delivery of this
Supplemental Indenture have been duly authorized by all necessary corporate action on the part of the Company and all conditions
and requirements necessary to make this instrument a valid and binding agreement have been duly performed and complied with;

 

NOW THEREFORE, in consideration of the foregoing
and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the
Trustee mutually covenant and agree, for the benefit of each other and for equal and ratable benefit of the Holders of the Notes,
as follows:

 

 

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Article
1

AMENDMENTS

 

Section
1.01.Amendments to the Indenture and Notes.

 

(a)The
reference to “upon not less than 30 nor more than 60 days notice” in Section 3.01(a) of the Indenture is hereby deleted
and replaced with “upon not less than three Business Days’ notice”.

 

(b)Section
3.02(a) of the Indenture is hereby deleted and replaced with the following:

 

“If the Company elects to
redeem any Notes, it must notify the Trustee of the redemption date and the principal amount of Notes to be redeemed by delivering
an Officers’ Certificate on the date the notice of redemption is to be given to holders of Notes. If fewer than all of the
Notes are being redeemed, the Officers’ Certificate must also specify a record date not less than three days after the date
of the notice of redemption is given to the Trustee, and, subject to applicable DTC procedures with respect to Global Notes, the
Trustee will select the Notes to be redeemed pro rata, by lot or by any other method the Trustee in its sole discretion deems appropriate,
in denominations of $1,000 principal amount and multiples thereof. The Trustee will notify the Company promptly of the Notes or
portions of Notes to be called for redemption. Notice of redemption must be sent by the Company or, at the Company’s request
in an Officers’ Certificate requesting that the Trustee give such notice together with the notice, by the Trustee in the
name and at the expense of the Company, to Holders whose Notes are to be redeemed on the date the notice of redemption is to be
given to holders of Notes.”

 

(c)The
following Sections of the Indenture, and any corresponding provisions in the Notes, are hereby deleted in their entirety and replaced
with “Intentionally Omitted.”:

 

	Section 4.03	Limitations on Liens

                                              

	Section 4.07	Repurchase of Notes Upon a Change of Control

                                  

	Section 5.01	Limitations on Merger, Consolidation, Sale, Lease or Conveyance

 

(d)Section
4.05 of the Indenture is hereby deleted and replaced with “The Company shall comply with Section 314(a)(4) of the TIA.”

 

(e)Section
4.06 of the Indenture is hereby deleted and replaced with “The Company shall comply with Section 314(a)(1) of the TIA.”

 

(f)Clauses
(iii) and (iv) of Section 6.01 of the Indenture are hereby deleted and replaced with “Intentionally Omitted.”

 

 

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(g)Any
definitions used exclusively in the provisions of the Indenture or Notes that are deleted pursuant to this ‎Section
1.01, and any definitions used exclusively within such definitions, are hereby deleted in their entirety from the Indenture and
the Notes, and all references in the Indenture and the Notes to paragraphs, Sections, Articles or other terms or provisions of
the Indenture that are deleted pursuant to this ‎Section 1.01 or that have been
otherwise deleted pursuant to this Supplemental Indenture are hereby deleted in their entirety.

 

Article
2

MISCELLANEOUS

 

Section 2.01.Effect of Supplemental
Indenture. From and after the Amendment Operative Date (as defined below), the Indenture shall be amended and supplemented
in accordance herewith, and this Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of
Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby.

 

Section 2.02.Indenture Remains in
Full Force and Effect. Except as amended and supplemented by this Supplemental Indenture, all provisions in the Indenture shall
remain in full force and effect.

 

Section 2.03.References to Supplemental
Indenture. Any and all notices, requests, certificates and other instruments executed and delivered after the Amendment Operative
Date may refer to the Indenture without making specific reference to this Supplemental Indenture, but nevertheless all such references
shall include this Supplemental Indenture unless the context requires otherwise.

 

Section 2.04.Conflict with Trust
Indenture Act. If any provision of this Supplemental Indenture limits, qualifies or conflicts with any provision of the TIA
that is required under the TIA to be part of and govern any provision of this Supplemental Indenture, the provision of the TIA
shall control. If any provision of this Supplemental Indenture modifies or excludes any provision of the TIA that may be so modified
or excluded, the provision of the TIA shall be deemed to apply to the Indenture as so modified or to be excluded by this Supplemental
Indenture, as the case may be.

 

Section 2.05.Separability. In
case any provision in this Supplemental Indenture is invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions will not in any way be affected or impaired thereby.

 

Section 2.06.Terms Defined in the
Indenture. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Indenture.

 

Section 2.07.Headings. The headings
of the Articles and Sections of this Supplemental Indenture have been inserted for convenience of reference only, are not to be
considered a part of the Indenture and in no way modify or restrict any of the terms and provisions of this Supplemental Indenture.

 

 

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Section 2.08.Benefits of Supplemental
Indenture. Nothing in this Supplemental Indenture or the Notes, express or implied, shall give to any Person, other than the
parties hereto and thereto and their successors hereunder and thereunder and the Holders of the Notes any benefit of any legal
or equitable right, remedy or claim under the Indenture, this Supplemental Indenture or the Notes.

 

Section 2.09.Successors. All
agreements of the Company in this Supplemental Indenture will bind its successors. All agreements of the Trustee in this Supplemental
Indenture will bind its successors.

 

Section 2.10.Trustee Not Responsible
for Recitals. The recitals contained herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility
for their correctness. The Trustee makes no representations as to and shall not be responsible for the validity or sufficiency
of this Supplemental Indenture. The Trustee makes no representations and shall not be responsible in any manner whatsoever for
the Offer to Purchase, the recitals as to which are made solely by the Company and the Trustee assumes no responsibility for the
same.

 

Section 2.11.Certain Duties and Responsibilities
of the Trustee. In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision
of the Indenture and the Notes relating to the conduct or affecting the liability or affording protection to the Trustee, whether
or not elsewhere herein so provided. The Company hereby confirms to the Trustee that this Supplemental Indenture has not resulted
in a material modification of the Notes for Foreign Accounting Tax Compliance Act (“FATCA”) purposes. The Company shall
give the Trustee prompt written notice of any material modification of the Notes deemed to occur for FATCA purposes. The Trustee
shall assume that no material modification for FATCA purposes has occurred regarding the Notes, unless the Trustee receives written
notice of such modification from the Company.

 

Section 2.12.Governing Law. This
Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

 

Section 2.13.Duplicate Originals.
The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile
or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and
may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile
or PDF shall be deemed to be their original signatures for all purposes.

 

Section 2.14.Effectiveness. This
Supplemental Indenture shall become a binding agreement between the parties hereto when executed by the parties hereto. As

 

 

 

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used herein, the “Amendment Operative
Date”, which is the date that the Proposed Amendments shall be operative, shall mean the date and time that the Company accepts
the validly tendered Notes for purchase pursuant to, and subject to the conditions set forth in, the Offer to Purchase. If, after
the date hereof, either the Offer to Purchase is terminated or withdrawn or all payments in respect of the Notes accepted for payment
pursuant to the Offer to Purchase are not made as required by the Offer to Purchase, the Proposed Amendments shall have no effect
and the Indenture shall be deemed to be amended so that it reads the same as it did immediately prior to the date hereof. The Company
shall provide prompt written notice to the Trustee if it accepts the Notes for purchase and remits payment pursuant to the Offer
to Purchase, or if the Offer to Purchase is terminated or withdrawn or all payments in respect of the Notes accepted for payment
pursuant to the Offer to Purchase are not made. The Company shall cause Notes that have been purchased to be promptly delivered
to the Trustee for cancellation pursuant to Section 2.07 of the Indenture, and the Trustee is hereby authorized and directed to
cancel such Notes upon receipt.

 

Section 2.15.Further Instruments
and Acts. Upon request of the Company, the Trustee will execute and deliver such further instruments and do such further acts
as may be reasonably necessary or proper to carry out more effectively the purpose of this Supplemental Indenture.

 

[Signature Page Follows]

 

 

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

 

	IPALCO ENTERPRISES, INC

                     

	By:	/s/ Craig L. Jackson
	 	Name: Craig L. Jackson
	 	Title: Chief Financial Officer
	 	 

	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

                     

	By:	/s/ Lawrence M. Kusch
	 	Name: Lawrence M. Kusch
	 	Title: Vice PresidentWdesk | Amendment 3 to Credit Agreement

Exhibit 10.1

Execution Version

AMENDMENT NO. 3 TO CREDIT AGREEMENT

This AMENDMENT NO. 3 TO CREDIT AGREEMENT (this “Amendment”) is entered into as of June 30, 2015 by and among Weatherford International Ltd., a Bermuda exempted company (“WIL”), Weatherford International plc, an Irish public limited company (“WIL‐Ireland”) (successor by assumption to Weatherford International Ltd., a Swiss joint stock corporation), WEATHERFORD LIQUIDITY MANAGEMENT HUNGARY LIMITED LIABILITY COMPANY, a Hungarian limited liability company (“HOC”), WEATHERFORD CAPITAL MANAGEMENT SERVICES LIMITED LIABILITY COMPANY, a Hungarian limited liability company (“WCMS” and, together with WIL, WIL-Ireland and HOC, the “Obligor Parties”), WEATHERFORD INTERNATIONAL, LLC, a Delaware limited liability company (“WILLC” and, together with the Obligor Parties, the “Obligors”), the Lenders listed on the signature pages attached hereto, JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (the “Administrative Agent”), and the Issuing Banks.

RECITALS:
WHEREAS, reference is made to that certain Credit Agreement dated as of October 15, 2010 by and among the Obligor Parties, the lenders named therein, the Administrative Agent, the Issuing Banks and certain other parties named therein (as heretofore amended, supplemented or otherwise modified, the “Credit Agreement”);

WHEREAS, the Borrowers desire to extend the Maturity Date under the Credit Agreement by one year from the existing Maturity Date (the “Maturity Date Extension”) and maintain the Aggregate Commitments at the same amount as prior to giving effect to the Maturity Date Extension;

WHEREAS, in order to effect the foregoing, the Borrowers have requested that (i) the Lenders identified on Annex I attached hereto as Extending Lenders (the “Extending Lenders”) consent to the Maturity Date Extension without increasing or decreasing their respective Commitments; (ii) the Lenders identified on Annex II attached hereto as Decreasing Lenders (the “Decreasing Lenders”) (x) agree to decrease their respective Commitments by assigning a portion of their existing Commitments identified on Annex II attached hereto (the portions being assigned, the "Decreasing Commitments") to the Increasing Lenders and Additional Lenders (each as defined below) and (y) consent to the Maturity Date Extension, (iii) the Lenders identified on Annex III attached hereto as Increasing Lenders (the "Increasing Lenders") (x) agree to increase their respective Commitments by assuming a portion of the Commitments of the Lenders identified on Annex V attached hereto (the “Departing Lenders”) and a portion of the Decreasing Commitments and (y) consent to the Maturity Date Extension; (iv) the financial institutions identified on Annex IV attached hereto as Additional Lenders (the “Additional Lenders” and, together with the Extending Lenders, the Decreasing Lenders and the Increasing Lenders, the “Approving Lenders”) (x) agree to establish new Commitments by assuming a portion of the Commitments of the Departing Lenders and a portion of the Decreasing Commitments and (y) consent to the Maturity Date Extension; and (v) the Administrative Agent and the Issuing Banks (x) consent to the assignment by the Departing 

ACTIVE 208054799v.18

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Lenders of their respective Commitments and the assignment by the Decreasing Lenders of the Decreasing Commitments, in each case, to the Increasing Lenders and the Additional Lenders and (y) consent to the Maturity Date Extension;

WHEREAS, (i) each of the Extending Lenders is willing to maintain its Commitment in the amount set forth opposite its name on Annex I attached hereto, (ii) each of the Decreasing Lenders is willing to assign a portion of its Commitment in the amount set forth opposite its name on Annex II attached hereto, (iii) each of the Increasing Lenders is willing to increase its Commitment by the amount set forth opposite its name on Annex III attached hereto, (iv) each of the Additional Lenders is willing to establish a Commitment in the amount set forth opposite its name on Annex IV attached hereto, (v) the Approving Lenders, the Administrative Agent and the Issuing Banks are willing to consent to the Maturity Date Extension and (vi) the Administrative Agent and the Issuing Banks are willing to consent to the assignment by the Departing Lenders of their respective Commitments and by the Decreasing Lenders of their respective Decreasing Commitments to the Increasing Lenders and the Additional Lenders as provided herein, in each case, pursuant to the terms and subject to the conditions set forth herein;

WHEREAS, the Borrowers have requested that the Approving Lenders agree to amend certain other provisions of the Credit Agreement, and the Approving Lenders have agreed to amend the Credit Agreement as hereinafter set forth; and

WHEREAS, in connection with the foregoing and the transactions contemplated hereby, (a) J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Wells Fargo Securities, LLC, Royal Bank of Canada Capital Markets, Bank of Tokyo-Mitsubishi UFJ, Ltd., Credit Agricole Corporate and Investment Bank, Citigroup Global Markets Inc. and Morgan Stanley Senior Funding, Inc., have been appointed as joint lead arrangers and joint bookrunners, (b) Deutsche Bank Securities Inc. has been appointed as syndication agent and (c) Wells Fargo Securities, LLC, Royal Bank of Canada, Bank of Tokyo-Mitsubishi UFJ, Ltd., Credit Agricole Corporate and Investment Bank, Citigroup Global Markets Inc. and Morgan Stanley Senior Funding, Inc. have been appointed as co-documentation agents.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

Section 1.    Defined Terms.  Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.
Section 2.    Amendments to Credit Agreement.
(a)    The cover page of the Credit Agreement is hereby amended and restated by replacing it with Annex VIII attached hereto. 
(b)    Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions in the appropriate alphabetical order:
“Anti-Corruption Laws” means all laws, rules and regulations of any jurisdiction applicable to WIL-Ireland or any of its Subsidiaries from time to time concerning or relating to bribery or corruption.

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"Impacted Interest Period" has the meaning assigned to such term in the definition of "LIBO Rate".
“Interpolated Rate” means, at any time, for any Impacted Interest Period, the rate per annum determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBOR Screen Rate for the longest period (for which the LIBOR Screen Rate is available for the applicable currency) that is shorter than the Impacted Interest Period and (b) the LIBOR Screen Rate for the shortest period (for which the LIBOR Screen Rate is available for the applicable currency) that exceeds the Impacted Interest Period, in each case, at such time.
“LIBOR Quoted Currency” means, collectively, Dollars, Euros and Pounds Sterling.
“LIBOR Screen Rate” has the meaning assigned to such term in the definition of “LIBO Rate”.
“Non-LIBOR Quoted Currency” means Canadian Dollars, Australian Dollars and Norwegian Kroner.
“Quotation Day” means, with respect to any Eurocurrency Borrowing for any Interest Period, (a) if the Currency is Dollars, two Business Days prior to the commencement of such Interest Period, (b) if the currency is Euros, the day that is two TARGET2 Days before the first day of such Interest Period, and (c) if the Currency is Pounds Sterling, the first day of such Interest Period (unless, in each case, market practice differs in the relevant market where the LIBO Rate for such currency is to be determined, in which case the Quotation Day will be determined by the Administrative Agent in accordance with market practice in such market (and if quotations would normally be given on more than one day, then the Quotation Day will be the last of those days)).
“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State or (b) the United Nations Security Council, the European Union, Her Majesty’s Treasury of the United Kingdom, any EU member state, the Hong Kong Monetary Authority or any other relevant sanctions authority.
“Sanctioned Country” means, at any time, a country or territory which is the subject or target of any Sanctions.
“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the United Nations Security Council, the European Union, any EU member state, 

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the Hong Kong Monetary Authority or any other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person.
“TARGET2” means the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) payment system (or, if such payment system ceases to be operative, such other payment system (if any) reasonably determined by the Administrative Agent to be a suitable replacement) for the settlement of payments in Euro.
“TARGET2 Day” means a day that TARGET2 is open for the settlement of payments in Euro.
(c)    The definition of “Alternate Base Rate” in Section 1.01 of the Credit Agreement is hereby amended by deleting the proviso at the end of the first sentence of such definition and replacing it with: “; provided that, for purposes of this definition, the LIBO Rate for any day shall be based on the LIBO Rate at approximately 11:00 a.m., London time, on such day (or if such day is not a Business Day, the immediately preceding Business Day).” 
(d)    The definition of “Federal Funds Effective Rate” in Section 1.01 of the Credit Agreement is hereby amended by inserting the phrase “; provided that if the Federal Funds Effective Rate is less than zero, such rate shall be deemed to be zero for purposes of this Agreement” at the end of such definition immediately after the phrase “reasonably selected by it”.
(e)    The definition of “Issuing Bank” in Section 1.01 of the Credit Agreement is hereby amended by (i) deleting “RBS, ” and (ii) deleting the phrase “, and its successors in such capacity as provided in Section 3.01(i)”.
(f)    The definition of “LC Commitment” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
“LC Commitment” means, as to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit pursuant to Section 3.01.  The initial amount of each Issuing Bank’s LC Commitment is set forth on Schedule 1.01B and may be adjusted from time to time in accordance with Section 3.01(i). 
(g)    The definition of “LIBO Rate” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
“LIBO Rate” means:
(a)    with respect to any Eurocurrency Borrowing denominated in any LIBOR Quoted Currency for any Interest Period, the London interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for such LIBOR Quoted Currency for a period equal in length to such Interest Period as displayed on pages LIBOR01 or LIBOR02 of the Reuters screen or, in the event such rate does not appear on either 

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of such Reuters pages, on any successor or substitute screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time as in its reasonable discretion (in each case, the “LIBOR Screen Rate”) at approximately 11:00 a.m., London time, on the Quotation Day for such LIBOR Quoted Currency and Interest Period; provided that (x) if the LIBOR Screen Rate is less than zero, such rate shall be deemed to be zero for purposes of this Agreement and (y) in the event that the LIBOR Screen Rate is not available at such time for such Interest Period (the “Impacted Interest Period”), then the “LIBO Rate” for such LIBOR Quoted Currency for a period equal in length to such Interest Period for such Impacted Interest Period shall be the Interpolated Rate; provided that if the Interpolated Rate is less than zero, such rate shall be deemed to be zero for purposes of this Agreement; and
(b)    with respect to any Eurocurrency Borrowing denominated in any Non-LIBOR Quoted Currency for any Interest Period, the rate per annum designated by the Administrative Agent (and agreed to by the Lenders and the Borrowers) as the LIBO Rate with respect to such Non-LIBOR Quoted Currency for such Interest Period; provided that, if the such rate is less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
(h)    The definition of “Maturity Date” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
“Maturity Date” means July 13, 2017, and for any Lender agreeing to extend the Maturity Date in accordance with Section 2.18, July 13, 2018.
(i)    The definition of “RBS” in Section 1.01 of the Credit Agreement is hereby deleted in its entirety.
(j)    Section 2.18 subsection (a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Not earlier than April 14, 2016, nor later than June 13, 2016, the Borrowers may, upon written notice to the Administrative Agent (which shall promptly notify the Lenders), request that the Maturity Date be extended by one year to July 13, 2018.  Prior to the earlier of (i) 30 days after delivery of such notice by the Administrative Agent to the Lenders and (ii) three Business Days prior to July 13, 2017, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion).  Any Lender not responding within the above time period shall be deemed not to have consented to such extension.  The Administrative Agent shall promptly notify the Borrowers and the Lenders of the Lenders’ responses to such request.

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(k)    Section 3.01(i) of the Credit Agreement is hereby amended by inserting the words “Modification and” prior to the word “Termination” in the header; by adding “(i)” prior to the first sentence thereof; and by adding the following at the end of thereof: 
Following receipt by the Administrative Agent of the Borrowers’ written notice of termination, the Administrative Agent shall amend Schedule 1.01B to remove such Issuing Bank from Schedule 1.01B.
(ii)    By written notice to the Borrowers, each Issuing Bank may from time to time request that such Issuing Bank’s LC Commitment be increased, decreased or terminated.  Within ten Business Days following receipt of such notice, the Borrowers shall provide such Issuing Bank with notice of their acceptance or rejection of such modification or termination, and if the Borrowers accept such modification or termination, the Borrowers shall also provide a copy of such notice to the Administrative Agent.  With respect to a termination of such Issuing Bank’s LC Commitment, from and after the effective date of such termination, such Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such modification or termination (and shall continue to be an “Issuing Bank” for purposes of this Agreement), but shall not be required to issue any additional Letters of Credit hereunder.  Following receipt by the Administrative Agent of the Borrowers’ acceptance of 
such modification or termination, the Administrative Agent shall amend Schedule 1.01B to either (a) reflect the amount of such Issuing Bank’s modified LC Commitment or (b) in the event of a termination, remove such Issuing Bank from Schedule 1.01B.  
(l)    Section 3.01(k) of the Credit Agreement is hereby amended to add the following sentence at the end thereof: “Following designation of an additional Issuing Bank in accordance with this Section 3.01(k), the Administrative Agent shall amend Schedule 1.01B to reflect the addition of such Issuing Bank and such Issuing Bank’s LC Commitment as provided in such Issuing Bank’s Issuing Bank Agreement.”
(m)    Article VI of the Credit Agreement is hereby amended by adding a new Section 6.12 that reads as follows:
Anti-Corruption Laws and Sanctions.  Each Obligor Party has implemented and maintains in effect policies and procedures designed to ensure compliance by such Obligor Party, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and such Obligor Party, its Subsidiaries and their respective officers and employees and, to the knowledge of such Obligor Party, its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects.  None of (a) each Obligor Party, any Subsidiary of such Obligor Party or any of their respective directors, officers or employees, or (b) to the knowledge of each Obligor Party, any agent of such Obligor Party or any Subsidiary of such Obligor Party that will act in any capacity in connection with or benefit from the credit facility established hereby, 

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is a Sanctioned Person.   No Borrowing, nor the use of proceeds of the Loans or any other transaction contemplated by the Credit Agreement will violate any Anti-Corruption Laws or any Sanctions applicable to any party hereto.
(n)    Article VI of the Credit Agreement is hereby amended by adding a new Section 6.13 that reads as follows:
Rank of Obligations.    The obligations of each Obligor under the Loan Documents to which it is a party rank at least equally with all of the unsecured and unsubordinated Indebtedness of such Obligor, except Indebtedness mandatorily (and not consensually) preferred by applicable law, and ahead of all subordinated Indebtedness, if any, of such Obligor. 
(o)    Article VII of the Credit Agreement is hereby amended by adding a new Section 7.07 that reads as follows:
Compliance with Anti-Corruption Laws.  Each Obligor Party will maintain in effect and enforce policies and procedures designed to ensure compliance by such Obligor Party, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.
(p)    Section 8.09 of the Credit Agreement is hereby amended by adding a new subsection (c) that reads as follows:
The Borrower will not request any Loans, and WIL-Ireland shall not use or otherwise make available, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use or otherwise make available, any proceeds of the Loans (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (C)  in any manner that would result in the violation of any Sanctions applicable to any party hereto.
(q)    The Credit Agreement is hereby amended by deleting Section 8.10 in its entirety.
(r)    Section 11.02(a)(i) of the Credit Agreement is hereby amended and restated to read as follows:
If to any Borrower or Guarantor, to it at:
	
	
	c/o Weatherford International, LLC

	2000 St. James Place

	Houston, Texas 77056

	Attention: General Counsel

	Telephone: (713) 836-4000

	Email: LegalWeatherford@weatherford.com

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with a copy to:
	
	
	c/o Weatherford International, LLC

	2000 St. James Place

	Houston, Texas 77056

	Attention: Treasurer

	Telephone: (713) 836-7460

	Email: Mark.Rothleitner@weatherford.com; Josh.Silverman@weatherford.com 

(s)    Section 11.02(a)(v) of the Credit Agreement is hereby deleted in its entirety and clauses (vi), (vii) and (vii) of Section 11.02(a) are hereby renumbered as clauses (v), (vi) and (vii), respectively. 
(t)    Section 11.05(b)(i) is hereby amended by (i) deleting the second proviso in Clause (A) of such Section, (ii) replacing the “.” at the end of Clause (C) of such Section with a “;” and (iii) adding the following as a hanging proviso to such Section: “provided that any consent to an assignment required by any Person under this Section 11.05(b)(i) shall be deemed to have been given by such Person unless it shall have objected thereto by written notice to the Administrative Agent (or by the Administrative Agent to the Lender requesting the consent) within ten Business Days after receiving a written request for its consent to such assignment.”
(u)    Schedule 1.01B of the Credit Agreement is hereby amended and restated by replacing it with Annex VII attached hereto. 
Subject to satisfaction of the conditions precedent set forth in Section 4 hereof, the Administrative Agent and each of the Issuing Banks hereby consents to the Maturity Date Extension.

Section 3.    Assignment and Assumption.

(a)    For an agreed consideration, (i) each Departing Lender hereby irrevocably sells and assigns, severally and not jointly, all of such Departing Lender’s rights and obligations in its capacity as Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to its Commitment (the “Departing Lender Assignments”), (ii) each Decreasing Lender hereby irrevocably sells and assigns, severally and not jointly, all of such Decreasing Lender’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to its Decreasing Commitment (the “Decreasing Lender Assignments” and together with the Departing Lender Assignments, the “Specified Assignments”) and (iii) to the extent permitted to be assigned under applicable law, each Departing Lender and each Decreasing Lender (individually, an “Assignor” and, collectively, the “Assignors”) hereby irrevocably sells and assigns, severally and not jointly, all claims, suits, causes of action and any other right of such Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the 

8

transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity to the extent related to the rights and obligations sold and assigned pursuant to clause (i) or clause (ii) above, as applicable (the rights and obligations sold and assigned pursuant to clauses (i), (ii) and (iii) above being referred to herein collectively for all Assignors as the “Assigned Interests”), to the Increasing Lenders and the Additional Lenders (individually, an “Assignee” and, collectively, the “Assignees”), and each Assignee hereby irrevocably purchases and assumes from each Assignor such portion of the Assigned Interests so that, after giving effect to such assignment and assumption, the Commitments and Applicable Percentages of each of the Assignees shall be as set forth on Annex VI attached hereto, subject to and in accordance with the Credit Agreement and this Amendment, in each case, as of the Amendment Effective Date.  Such sale and assignment is without recourse to the Assignors and, except as expressly provided in this Amendment, without representation or warranty by the Assignors.
(b)    From and after the Amendment Effective Date, the Administrative Agent shall distribute all payments in respect of the Assigned Interests (including payments of principal, interest, fees and other amounts) to the appropriate Assignors for amounts which have accrued to but excluding the Amendment Effective Date and to the appropriate Assignees for amounts which have accrued from and after the Amendment Effective Date.
(c)    After giving effect to the Specified Assignments in Section 3(a) of this Amendment, each Departing Lender shall cease to be a party to the Credit Agreement as of the Amendment Effective Date and shall not longer be a “Lender”.  Each Departing Lender joins in the execution of this Amendment solely for the purposes of assigning their Assigned Interests pursuant to this Section 3.
(d)    Each of the Approving Lenders acknowledges and agrees that the Commitments of such Lender and the other Lenders under the Credit Agreement are several and not joint commitments and obligations of the Lenders.  Each of the Approving Lenders further acknowledges and agrees that, after giving effect to the Maturity Date Extension as provided in this Amendment, its Commitment as a Lender shall be as set forth on Annex VI attached hereto, which shall automatically amend and restate Schedule 2.01 to the Credit Agreement.  

(e)    To the extent there are any Swingline Loans or Letters of Credit outstanding on the Amendment Effective Date, upon the effectiveness of this Amendment, the amount of the unfunded participations held by each approving Lender in each such Swingline Loan and Letter of Credit then outstanding shall be adjusted such that, after giving effect to such adjustments, each approving Lender shall hold its Applicable Percentage (as set forth on Annex VI) of unfunded participations in each such Swingline Loan and Letter of Credit after giving effect to this Amendment.

Section 4.    Amendment Effective Date; Conditions Precedent.  This Amendment, the Maturity Date Extension and the Specified Assignments shall become effective on the date (the “Amendment Effective Date”) on which the following conditions have been satisfied:

9

(a)    The Administrative Agent shall have received the following, all in form and substance reasonably satisfactory to the Administrative Agent:
(i)    a counterpart of this Amendment executed by the Obligors, the Departing Lenders, the Approving Lenders, the Administrative Agent and the Issuing Banks;
(ii)    Revolving Credit Notes executed by the Borrowers and payable to each Approving Lender requesting (at least one Business Day prior to the Amendment Effective Date) a Revolving Credit Note, duly completed and executed by the Borrowers and dated the Amendment Effective Date; 
(iii)    a certificate of a Responsible Officer of WIL-Ireland, dated the Amendment Effective Date, certifying that (A) the representations and warranties set forth in Article VI of the Credit Agreement and in the other Loan Documents are true and correct in all material respects as of, and as if such representations and warranties were made on, the Amendment Effective Date (unless such representation and warranty expressly relates to an earlier date, in which case such representation and warranty shall continue to be true and correct as of such earlier date), (B) no Default or Event of Default has occurred and is continuing on the Amendment Effective Date, (C) no material adverse change, since the date of the most recent Annual Report on Form 10-K furnished or deemed furnished to the Administrative Agent pursuant to Section 7.01(b) of the Credit Agreement, in the financial condition, business or operations of WIL-Ireland and it Subsidiaries, taken as a whole; and
(iv)    a certificate of the secretary, an assistant secretary or other responsible officer of each Obligor, dated the Amendment Effective Date and certifying (A) true and complete copies of the memorandum of association and bye-laws or the certificate of incorporation or formation and bylaws or operating agreement or other organizational documents, each as amended and in effect, of such Obligor, (B) true and complete copies of the resolutions adopted by the Board of Directors, the managers or the members, as applicable, of such Obligor (1) authorizing the execution, delivery and performance by such Obligor of this Amendment and (2) authorizing officers of such Obligor to execute and deliver this Amendment and any related documents, including any agreement contemplated by this Amendment, (C) the absence of any proceedings for the dissolution, liquidation or winding up of such Obligor, and (D) incumbency and specimen signatures of the officers of such Obligor executing this Amendment or any other Loan Document on its behalf.
 (b)    If, on the Amendment Effective Date, any Eurocurrency Loans have been funded, then the Borrowers shall have paid any breakage fees or costs or other amounts owing under the Credit Agreement in connection with the breakage or reallocation of such outstanding Eurocurrency Loans in accordance with Section 2.13 of the Credit Agreement; and
(c)    The Borrowers shall have paid (i) to the Administrative Agent, the Lead Arrangers and the Lenders, as applicable, all fees and other amounts agreed upon by such parties to be paid on or prior to the Amendment Effective Date, and (ii) to the extent invoiced at or before 10:00 a.m., New York City time, on the Amendment Effective Date, all out-of pocket expenses required to be reimbursed or paid by the Borrowers pursuant to Section 11.03 of the Credit Agreement or any other Loan Document.  

10

Section 5.    Representations and Warranties.  To induce the other parties hereto to enter into this Amendment, each of the Obligor Parties represents and warrants that, after giving effect to each of the amendments and waivers set forth in this Amendment:
(a)    the representations and warranties set forth in Article VI of the Credit Agreement and in the other Loan Documents are true and correct in all material respects as of, and as if such representations and warranties were made on, the Amendment Effective Date (unless such representation and warranty expressly relates to an earlier date, in which case such representation and warranty shall continue to be true and correct as of such earlier date);
(b)     no Default or Event of Default has occurred and is continuing on the Amendment Effective Date; 
(c)    this Amendment constitutes the legal, valid and binding obligation of each of the Obligors, enforceable against each of the Obligors in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles of general applicability; and
(d)    as of the Amendment Effective Date, there has been no material adverse change since December 31, 2014 in the financial condition, business or operations of WIL-Ireland and its Subsidiaries, taken as a whole.
Section 6.    Confirmation of Loan Documents.  Except as expressly contemplated hereby, the terms, provisions, conditions and covenants of the Credit Agreement, as amended by this Amendment, and the other Loan Documents remain in full force and effect and are hereby ratified and confirmed, and the execution, delivery and performance of this Amendment shall not, except as expressly set forth in this Amendment, operate as a waiver of, consent to or amendment of any term, provision, condition or covenant thereof.  Without limiting the generality of the foregoing, except pursuant hereto or as expressly contemplated or amended hereby, nothing contained herein shall be deemed (a) to constitute a waiver of compliance or consent to noncompliance by any Obligor with respect to any term, provision, condition or covenant of the Credit Agreement or any other Loan Document; (b) to prejudice any right or remedy that the Administrative Agent or any Lender may now have or may have in the future under or in connection with the Credit Agreement or any other Loan Document; or (c) to constitute a waiver of compliance or consent to noncompliance by any Obligor Party with respect to the terms, provisions, conditions and covenants of the Credit Agreement and the other Loan Documents made the subject hereof.  Each Obligor represents and acknowledges that it has no claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of its obligations thereunder.
Section 7.    Ratification.  Each Guarantor hereby ratifies and confirms its obligations under the Guaranty Agreement and hereby represents and acknowledges that it has no claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of its obligations thereunder.  Furthermore, each Guarantor agrees that nothing contained in this 

11

Amendment shall adversely affect any right or remedy of the Administrative Agent or the Lenders under the Guaranty Agreement or any of the other Loan Documents to which it is a party.  Each Guarantor agrees that all references in the Guaranty Agreement to the “Guaranteed Obligations” shall include, without limitation, all of the obligations of the Borrowers to the Administrative Agent and the Lenders under the Credit Agreement, as amended by this Amendment.  Finally, each Guarantor hereby represents and warrants that the execution and delivery of this Amendment and the other documents executed in connection herewith shall in no way change or modify its obligations as a guarantor, debtor, pledgor, assignor, obligor and/or grantor under the Guaranty Agreement and the other Loan Documents to which it is a party and shall not constitute a waiver by the Administrative Agent or the Lenders of any of their rights against any Guarantor.
Section 8.    Effect of Amendment.  From and after the Amendment Effective Date hereof, each reference in the Credit Agreement to “this Agreement”, “hereof”, or “hereunder” or words of like import, and all references to the Credit Agreement in any and all agreements, instruments, documents, notes, certificates, guaranties and other writings of every kind and nature shall be deemed to mean the Credit Agreement as modified by this Amendment.  This Amendment shall constitute a Loan Document for all purposes of the Credit Agreement and the other Loan Documents.
Section 9.    Costs and Expenses.  Pursuant to the terms of Section 11.03 of the Credit Agreement, the Borrowers agree to pay all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates in connection with the preparation, execution and enforcement of this Amendment.
Section 10.    Choice of Law.  This Amendment and all other documents executed in connection herewith and the rights and obligations of the parties hereto and thereto, shall be construed in accordance with and governed by the law of the State of New York.
Section 11.    Submission to Jurisdiction; Consent to Service of Process.
(a)    Each Obligor hereby irrevocably and unconditionally submits, for itself and its property, to the non-exclusive jurisdiction of the United States District Court for the Southern District of New York (or the state courts sitting in the Borough of Manhattan in the event the Southern District of New York lacks subject matter jurisdiction), and any appellate court from any thereof, in any suit, action or proceeding arising out of or relating to this Amendment or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court.  Each of the parties hereto agrees that a final, non‐appealable judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.  Nothing in this Amendment or any other Loan Document shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any suit, action or proceeding relating to this Amendment or any other Loan Document against any Obligor or its properties in the courts of any jurisdiction.

12

(b)    Each Obligor hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Amendment or any other Loan Document in any court referred to in paragraph (a) of this Section.  Each Obligor hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.
(c)    Each party to this Amendment irrevocably consents to service of process in the manner provided for notices in Section 11.02 of the Credit Agreement other than by facsimile.  Nothing in this Amendment or any other Loan Document will affect the right of any party to this Amendment or any other Loan Document to serve process in any other manner permitted by law.  Notwithstanding any other provision of this Amendment, each foreign Obligor Party hereby irrevocably designates C T Corporation System, 111 8th Avenue, New York, New York 10011, as the designee, appointee and agent of such Obligor Party to receive, for and on behalf of such Obligor Party, service of process in the State of New York in any suit, action or proceeding arising out of or relating to this Amendment or any other Loan Document.
(d)    Each Obligor agrees that any suit, action or proceeding brought by any Obligor or any of their respective Subsidiaries relating to this Amendment or any other Loan Document against the Administrative Agent, any Issuing Bank, any Lender or any of their respective Affiliates shall be brought exclusively in the United States District Court for the Southern District of New York (or the state courts sitting in the Borough of Manhattan in the event the Southern District of New York lacks subject matter jurisdiction), and any appellate court from any thereof, unless no such court shall accept jurisdiction.
(e)    The Administrative Agent, each Issuing Bank and each Lender hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the United States District Court for the Southern District of New York (or the state courts sitting in the Borough of Manhattan in the event the Southern District of New York lacks subject matter jurisdiction), and any appellate court from any thereof, in any suit, action or proceeding arising out of or relating to this Amendment or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court.  Each of the parties hereto agrees that a final, non-appealable judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.
(f)    The Administrative Agent, each Issuing Bank and each Lender hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Amendment or any other Loan Document in any court referred to in paragraph (e) of this Section.  Each of the Administrative Agent, each Issuing Bank and each Lender hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

13

(g)    To the extent that any Obligor has or hereafter may acquire any immunity from jurisdiction of any court or from set-off or any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its property, such Obligor hereby irrevocably waives such immunity in respect of its obligations under the Loan Documents.
Section 12.    Waiver of Jury Trial.  EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT, THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).  EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.
Section 13.    Counterparts; Integration; Effectiveness.  This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  This Amendment, the Notes, the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.  This Amendment shall become effective on the Amendment Effective Date, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.  Delivery of an executed counterpart of a signature page to this Amendment by facsimile transmission or electronic transmission (in .pdf form) shall be effective for all purposes as delivery of a manually executed counterpart of this Amendment.

[Remainder of page intentionally left blank; signature pages follow.]

14

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.
	
		
	WIL:

	 
	 

	WEATHERFORD INTERNATIONAL LTD.,

	a Bermuda exempted company

	 
	 

	By:   
	 /s/ Yazid J. Tamimi

	Name: 
	Yazid J. Tamimi

	Title:
	Vice President

	
		
	HOC:

	 
	 

	WEATHERFORD LIQUIDITY MANAGEMENT

	HUNGARY LIMITED LIABILITY COMPANY,

	a Hungarian limited liability company

	 
	 

	By:   
	/s/ Bas Van Houts

	Name: 
	Bas Van Houts

	Title:
	Director

	 
	 

	By:   
	/s/ Philippe Groslin

	Name: 
	Philippe Groslin

	Title:
	Director

	
		
	WCMS:

	 

	WEATHERFORD CAPITAL MANAGEMENT

	SERVICES LIMITED LIABILITY COMPANY,

	a Hungarian limited liability company

	 
	 

	By:   
	/s/ Bas Van Houts

	Name: 
	Bas Van Houts

	Title:
	Director

	 
	 

	By:   
	/s/ Philippe Groslin

	Name: 
	Philippe Groslin

	Title:
	Director

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	WIL- Ireland:

	 

	WEATHERFORD INTERNATIONAL plc.,

	an Irish public limited company

	 
	 

	By:   
	/s/ Bas Van Houts

	Name: 
	Bas Van Houts

	Title:
	Assistant Treasurer

	
		
	WILLC:

	 

	WEATHERFORD INTERNATIONAL plc.,

	a Delaware limited liability company

	 
	 

	By:   
	/s/ Mark M, Rothleitner

	Name: 
	Mark M, Rothleitner

	Title:
	Vice President and Treasurer

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	ADMINISTRATIVE AGENT:

	 

	JPMORGAN CHASE BANK, N.A., 

	as Administrative Agent

	 
	 

	By:   
	/s/ Muhammad Hasan

	Name: 
	Muhammad Hasan

	Title:
	Vice President

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	INCREASING LENDERS:

	 

	JPMORGAN CHASE BANK, N.A., 

	as a Lender and an Issuing Bank

	 
	 

	By:   
	/s/ Muhammad Hasan

	Name: 
	Muhammad Hasan

	Title:
	Vice President

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	DEUTSCHE BANK AG NEW YORK BRANCH,

	as a Lender and an Issuing Bank

	 
	 

	By:   
	/s/ Ming K. Chu

	Name: 
	Ming K. Chu

	Title:
	Vice President

	 
	 

	By:   
	/s/ John S. McGill

	Name: 
	John S. McGill

	Title:
	Director

    

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	CREDIT AGRICOLE CORPORATE AND

	INVESTMENT BANK,

	as a Lender and an Issuing Bank

	 
	 

	By:   
	/s/ Page Dillehunt

	Name: 
	Page Dillehunt

	Title:
	Managing Director

	 
	 

	By:   
	/s/ Michael Willis

	Name: 
	Michael Willis

	Title:
	Managing Director

    

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	MORGAN STANLEY BANK, N.A.

	 
	 

	By:   
	/s/ Michael King

	Name: 
	Michael King

	Title:
	Authorized Signatory

    

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

	 
	 

	By:   
	/s/ Kevin Sparks

	Name: 
	Kevin Sparks

	Title:
	Vice President

    

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	WELLS FARGO BANK, NATIONAL

	ASSOCIATION,

	as a Lender and an Issuing Bank

	 
	 

	By:   
	/s/ Donald W. Herrick Jr.

	Name: 
	Donald W. Herrick Jr.

	Title:
	Director

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	ROYAL BANK OF CANADA

	 
	 

	By:   
	/s/ Caleb Allen

	Name: 
	Caleb Allen

	Title:
	Authorized Signatory

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	CITIBANK, N.A.

	 
	 

	By:   
	/s/ Susan Olsen

	Name: 
	Susan Olsen

	Title:
	Vice President

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	BARCLAYS BANK PLC

	 
	 

	By:   
	/s/ Kayode Sulola

	Name: 
	Kayode Sulola

	Title:
	Assistant Vice President

	 
	Executed in London, United Kingdom

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	STANDARD CHARTERED BANK

	 
	 

	By:   
	/s/ Pramita Saha

	Name: 
	Pramita Saha

	Title:
	Executive Director

	 
	 

	By:   
	/s/ Hsing H. Huang

	Name: 
	Hsing H. Huang

	Title:
	Associate Director

	 
	Standard Chartered Bank NY

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	HSBC BANK USA, N.A.

	 
	 

	By:   
	/s/ Douglas A. Whiddon

	Name: 
	Douglas A. Whiddon

	Title:
	Director

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH

	 
	 

	By:   
	Veronica Incera

	Name: 
	Veronica Incera

	Title:
	Managing Director

	 
	 

	By:   
	/s/ Mauricio Benitez

	Name: 
	Mauricio Benitez

	Title:
	Director

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	DECREASING LENDERS:

	 
	 

	THE TORONTO DOMINION BANK, NEW YORK BRANCH

	 
	 

	By:   
	/s/ Robyn Zeller

	Name: 
	Robyn Zeller

	Title:
	Senior Vice President

    

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	EXTENDING LENDERS:

	 
	 

	NORDEA BANK NORGE ASA

	 
	 

	By:   
	/s/ Tom Kuhnle

	Name: 
	Tom Kuhnle

	Title:
	Senior Vice President

	 
	 

	By:   
	/s/ Mona Torudstad

	Name: 
	Mona Torudstad

	Title:
	Senior Vice President

    

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	UNICREDIT BANK AG, NEW YORK BRANCH

	 
	 

	By:   
	/s/ Julien Tizorin

	Name: 
	Julien Tizorin

	Title:
	Director

	 
	 

	By:   
	/s/ Jeffrey B. Ferris

	Name: 
	Jeffrey B. Ferris

	Title:
	Director

    

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	ADDITIONAL LENDERS:

	 
	 

	SKANDINAVISKA ENSKILDA BANKEN AB (PUBL)

	 
	 

	By:   
	/s/ Penny Neville-Park

	Name: 
	Penny Neville-Park

	Title:
	 

	 
	 

	By:   
	/s/ Alison Butt

	Name: 
	Alison Butt

	Title:
	 

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	ARAB BANKING CORPORATION, GRAND CAYMAN

	 
	 

	By:   
	/s/ Lana Chervonskaya

	Name: 
	Lana Chervonskaya

	Title:
	VP Relationship Manager

	 
	 

	By:   
	/s/ Gautier Strub

	Name: 
	Gautier Strub

	Title:
	VP Senior Relationship Manager

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	DEPARTING LENDERS: 

	 
	 

	UBS AG, STAMFORD BRANCH

	 
	 

	By:   
	/s/ Houssem Daly

	Name: 
	Houssem Daly

	Title:
	Associate Director

	 
	 

	By:   
	/s/ Craig Pearson

	Name: 
	Craig Pearson

	Title:
	Associate Director

    

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	DNB BANK ASA, f/k/a DNB NOR BANK ASA

	 
	 

	By:   
	/s/ Caroline Adams

	Name: 
	Caroline Adams

	Title:
	First Vice President

	 
	 

	By:   
	/s/ Geshu Sugandh

	Name: 
	Geshu Sugandh

	Title:
	First Vice President

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	GOLDMAN SACHS BANK USA

	 
	 

	By:   
	/s/ Rebecca Kratz

	Name: 
	Rebecca Kratz

	Title:
	Authorized Signatory

Signature Page to Amendment No. 3 to Credit Agreement

	
		
	SUNTRUST BANK

	 
	 

	By:   
	/s/ Chulley Bogle

	Name: 
	Chulley Bogle

	Title:
	Vice President

Signature Page to Amendment No. 3 to Credit Agreement

Annex I

EXTENDING LENDERS

	
			
	Extending Lender
	Commitment
(immediately prior to giving effect to the Specified Assignments)
	Commitment
(immediately after giving effect to the Specified Assignments)

	Nordea Bank Norge ASA
	$80,000,000
	$80,000,000

	Unicredit Bank AG, New York Branch
	$80,000,000
	$80,000,000

Annex I

Annex II

DECREASING LENDERS

	
				
	Decreasing Lender
	Commitment
(immediately prior to giving effect to the Specified Assignments)
	Commitment Decrease
	Commitment
(immediately after giving effect to the Specified Assignments)

	The Toronto Dominion Bank, New York Branch
	$161,000,000
	$36,000,000
	$125,000,000

Annex II

Annex III

INCREASING LENDERS

	
				
	Increasing Lender
	Commitment
(immediately prior to giving effect to the Specified Assignments)
	Commitment Increase
	Commitment
(immediately after giving effect to the Specified Assignments)

	JPMorgan Chase Bank, N.A.
	$175,000,000
	$2,500,000
	$177,500,000

	Deutsche Bank AG New York Branch
	$175,000,000
	$2,500,000
	$177,500,000

	Credit Agricole Corporate and Investment Bank
	$161,000,000
	$16,500,000
	$177,500,000

	Morgan Stanley Bank, N.A.
	$161,000,000
	$16,500,000
	$177,500,000

	Wells Fargo Bank, National Association
	$161,000,000
	$16,500,000
	$177,500,000

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	$125,000,000
	$52,500,000
	$177,500,000

	Royal Bank of Canada
	$125,000,000
	$52,500,000
	$177,500,000

	Citibank, N.A.
	$125,000,000
	$52,500,000
	$177,500,000

	Barclays Bank plc
	$80,000,000
	$45,000,000
	$125,000,000

	Standard Chartered Bank
	$75,000,000
	$50,000,000
	$125,000,000

	HSBC Bank USA, N.A.
	$50,000,000
	$30,000,000
	$80,000,000

	Banco Bilbao Vizcaya Argentaria, S.A. New York Branch
	$25,000,000
	$20,000,000
	$45,000,000

Annex III

Annex IV

ADDITIONAL LENDERS

	
		
	Additional Lender
	Commitment
(immediately after giving effect to the Specified Assignments)

	Skandinaviska Enskilda Banken AB (publ)
	$125,000,000

	Arab Banking Corporation, Grand Cayman
	$45,000,000

Annex IV

Annex V

DEPARTING LENDERS

	
		
	Departing Lender
	Commitment
(immediately prior to giving effect to the Specified Assignments)

	UBS AG, Stamford Branch
	$161,000,000

	DNB Bank ASA
	$125,000,000

	Goldman Sachs Bank USA
	$125,000,000

	SunTrust Bank
	$80,000,000

Annex V

Annex VI

SCHEDULE 2.01
COMMITMENTS

	
			
	Lender
	Allocation
	Applicable Percentage

	JPMorgan Chase Bank, N.A.
	$177,500,000
	7.8888888889%

	Deutsche Bank AG New York Branch
	$177,500,000
	7.8888888889%

	Credit Agricole Corporate and Investment Bank
	$177,500,000
	7.8888888889%

	Morgan Stanley Bank, N.A.
	$177,500,000
	7.8888888889%

	Wells Fargo Bank, National Association
	$177,500,000
	7.8888888889%

	Citibank, N.A.
	$177,500,000
	7.8888888889%

	Royal Bank of Canada
	$177,500,000
	7.8888888889%

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	$177,500,000
	7.8888888889%

	Barclays Bank plc
	$125,000,000
	5.5555555555%

	Skandinaviska Enskilda Banken AB (publ)
	$125,000,000
	5.5555555555%

	Standard Chartered Bank
	$125,000,000
	5.5555555555%

	The Toronto Dominion Bank, New York Branch
	$125,000,000
	5.5555555555%

	HSBC Bank USA, N.A.
	$80,000,000
	3.5555555556%

	Nordea Bank Norge ASA
	$80,000,000
	3.5555555556%

	Unicredit Bank AG, New York Branch
	$80,000,000
	3.5555555556%

	Banco Bilbao Vizcaya Argentaria, S.A. New York Branch
	$45,000,000
	2.0000000000%

	Arab Banking Corporation, Grand Cayman
	$45,000,000
	2.0000000000%

	TOTAL
	$2,250,000,000
	100%

Annex VI

Annex VII
Schedule 1.01B
LC COMMITMENTS

	
		
	Issuing Bank
	LC Commitment

	JP Morgan Chase Bank, N.A.
	$125,000,000

	Credit Agricole Corporate and Investment Bank
	$125,000,000

	Wells Fargo Bank, National Association
	$125,000,000

	The Toronto Dominion Bank, New York Branch

	$125,000,000

	Deutsche Bank AG New York Branch
	$100,000,000

	TOTAL
	$600,000,000

Annex VII

Annex VIII
Credit Agreement

Dated as of October 15, 2010

among

Weatherford International Ltd.,
a Bermuda exempted company,

and

The Other Borrowers Party Hereto,
as Borrowers,

Weatherford International plc,
an Irish public limited company,

The Lenders Party Hereto,

The Issuing Banks Named Herein,

Wells Fargo Bank, National Association,
as a Swingline Lender,

and

JPMorgan Chase Bank, N.A.,
as Administrative Agent and a Swingline Lender
______________________________________
J.P. Morgan Securities LLC, Deutsche Bank Securities Inc.,
Wells Fargo Securities, LLC, Royal Bank of Canada Capital Markets, Bank of Tokyo-Mitsubishi UFJ, Ltd., Credit Agricole Corporate and Investment Bank, Citigroup Global Markets Inc.
and
Morgan Stanley Senior Funding, Inc.,
as Joint Lead Arrangers and Joint Bookrunners

Deutsche Bank Securities Inc.,
as Syndication Agent, 

and 

Wells Fargo Securities, LLC, Royal Bank of Canada, Bank of Tokyo-Mitsubishi UFJ, Ltd., Credit Agricole Corporate and Investment Bank, Citigroup Global Markets Inc.
and
Morgan Stanley Senior Funding, Inc.,
as Co-Documentation Agents

Annex VIII

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