Document:

INVENTORY
PURCHASE AGREEMENT

 

THIS
INVENTORY PURCHASE AGREEMENT is made and entered into as of the 21st day of September 2019 (this “Agreement”)
by and among Sylios Corp, a Florida Corporation (“Buyer”) and Wanshan Engineering Services, LLC, a Wyoming
limited liability company (“Seller” and together with the Buyer, the “Parties”).

 

RECITALS

 

A.
Seller currently owns certain inventory at its warehouse located at 150 S. Pine Island Rd., Suite 300, Plantation, FL 33324, which
inventory is set forth in detail on Schedule A to this Agreement (collectively the “Inventory”).

 

B.
Seller desires to sell the Inventory to the Buyer, and Buyer desires to purchase the Inventory from Seller pursuant to the terms
and conditions of this Agreement.

 

AGREEMENT

 

In
consideration of the foregoing and the mutual covenants contained in this Agreement and for other valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

Section
1. Sale and Purchase of Inventory.

 

1.1
Sale of Inventory. On the terms and subject to the conditions set forth in this Agreement, at the Closing (as defined below),
Seller will sell, convey, transfer and assign to Buyer, and Buyer will purchase and accept from Seller, all right, title and interest
in and to all of the Inventory set forth on Exhibit A (collectively, the “Purchased Inventory”), free
and clear of any and all liens, encumbrances, claims, charges, security interests, rights of Seller and/or any third party, rights
of redemption, equities, and any other restrictions or limitations of any kind or nature whatsoever (collectively, “Liens”).

 

1.2
Purchase Price and Payment. As consideration for the acquisition and purchase of the Purchased Inventory, within 30 days
of Closing or upon receipt of proper title of the to be issued stock certificate, Buyer shall pay to Seller, Six Million (6,000,000)
shares of restricted common stock. In the event Buyer files a Registration Statement (the “Statement”) with the Securities
and Exchange Commission prior to the one-year anniversary of the execution of this Agreement, Buyer agrees to include Seller’s
shares within the Statement for resale.

 

1.3
Closing Date. Subject to Section 4, the closing of the transaction contemplated by this Agreement (the “Closing”)
shall take place at such date, time and place as may be agreed upon by the Parties (the “Closing Date”) but
in any event, no later than two (2) business days following the satisfaction of the condition set forth in Section 4.1 below.

 

1.4
Method of Conveyance, Transfer, and Assumption. Upon payment of the Purchase Price, the sale, transfer, conveyance, and
assignment by Seller of the Purchased Inventory to Buyer in accordance with Section 1.1 shall be effected at the Closing by Seller’s
execution and delivery of a Bill of Sale in the form attached hereto as Exhibit B and delivery of the Purchased Inventory
to the Buyer. In the event Buyer elects not to take immediate physical delivery of the Purchased Inventory, the Seller shall grant
the Buyer the right to warehouse the Purchased Inventory in its current location for a term of six (6) months rent free. If Buyer
so elects, the Closing shall still be deemed as of the date of the Bill of Sale.

 

1.5
Taxes. All transfer, sales, use and other taxes or similar charges related to the sale of the Purchased Inventory to Buyer
shall be paid by Seller.

 

Section
2. Liabilities. Buyer is not assuming any debts, obligations or liabilities of Seller whatsoever, whether known or
unknown, actual or contingent, matured or unmatured, presently existing or arising in the future, which shall remain the responsibility
of Seller.

 

    	 	 	 

    	 

    

 

Section
3. Representations and Warranties of Seller. Seller hereby represents and warrants to Buyer:

 

3.1
Organization and Qualification. Seller is a limited liability company duly organized, validly existing and in good standing
under the laws of the jurisdiction of its incorporation.

 

3.2
Authorization. Seller has all requisite power and authority to execute and deliver this Agreement and to perform its obligations
hereunder. The execution and delivery by Seller of this Agreement and the consummation by Seller of the transaction contemplated
hereby have been duly and validly authorized by all necessary action on the part of Seller. This Agreement has been duly and validly
executed and delivered by Seller and constitutes a valid and binding obligation of Seller, enforceable against it in accordance
with its terms.

 

3.3
Right to Purchased Inventory. Seller has good and marketable rights to all of the Purchased Inventory. Upon consummation
of the transaction contemplated hereby, Buyer will acquire good and marketable rights to all of the Purchased Inventory.

 

3.4
Purchased Inventory. The pricing of the Purchase Inventory on Schedule A reflects the actual cost of and price paid for
such Purchased Inventory

 

Section
4. Conditions to Closing.

 

4.1
Conditions to Obligations of Buyer.

 

(a)
The representations and warranties of Seller contained in this Agreement shall be true in all material respects on the date hereof
and on the Closing Date as though such representations and warranties were made on and as of the Closing Date.

 

(b)
No suit, action or other proceeding shall be pending before any court or governmental agency to restrain or prohibit the consummation
of the transaction provided for herein or to obtain damages or other relief in connection with this Agreement or the consummation
of such transactions.

 

(c)
Buyer shall have received such other certificates and instruments from Seller as it shall reasonably request in connection with
the Closing.

 

Section
5. Termination.

 

5.1
Termination of the Agreement. Buyer may terminate this Agreement prior to Closing by giving written notice to Seller in
the event that Seller is in breach of any representation, warranty or covenant contained in this Agreement, and such breach, individually
or in combination with any other such breach, is not cured within five (5) days following delivery by Buyer to Seller of written
notice of such breach.

 

5.2
Effect of Termination. If this Agreement is terminated pursuant to Section 5.1, all obligations of each Party hereunder
shall terminate without any liability of any Party to any other Party.

 

Section
6. General Provisions.

 

6.1
Further Assurances. From time to time after the date hereof, Seller shall execute and deliver to Buyer such instruments
of sale, transfer, conveyance, assignment, consent, assurance, power of attorney, and other such instruments as may be reasonably
requested by Buyer in order to vest in Buyer all right, title, and interest in and to the Purchased Inventory. The Parties shall
each provide the other with such assistance as may be reasonably requested by the other in connection with this transaction.

 

6.2
Expenses. Except as otherwise provided herein, each Party shall bear its own costs and expenses incurred in connection
with this Agreement and the transactions contemplated hereby.

 

    	 	 	 

    	 

    

 

6.3
Governing Law and Venue. This Agreement shall be construed and enforced in accordance with and governed by the internal
laws of the State of Florida without giving effect to the conflict of laws rules thereof. The Parties agree that the state courts
in Hillsborough County, Florida or the federal courts in the Middle District of Florida, Tampa Division, will be the venue for
any litigation brought by either of the Parties to resolve any and all disputes arising under this Agreement, and the Parties
further agree that said courts will have personal jurisdiction over the Parties for any such litigation.

 

6.4
Entire Agreement; Amendment and Waiver. This Agreement and all exhibits hereto set forth the entire understanding
of the Parties with respect to the subject matter hereof and may be modified only by a written instrument duly executed by each
Party. Except as herein expressly provided to the contrary, no breach of any covenant, agreement, warranty or representation shall
be deemed waived unless expressly waived in writing by the Party who might assert such breach.

 

6.5
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and
all of which together shall constitute one and the same instrument.

 

6.6
Headings. Headings in this Agreement are for reference purposes only and shall not be deemed to have any substantive effect.

 

6.7
Notices. All notices, requests, demands and other communications called for or contemplated hereunder shall be in writing
and shall be deemed to have been duly given when delivered to the Party to whom addressed or when sent by facsimile (if promptly
confirmed by registered or certified mail, return receipt requested, prepaid and addressed) to the Parties, their successors in
interest, or their assignees at such addresses as the Parties may designate by written notice.

 

6.8
Assignment; Binding Effect. Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or
by reason hereof nor any of the documents executed in connection herewith may be assigned by any Party without the prior written
consent of the other Parties. Except as provided in the previous sentence, this Agreement and all of the rights and obligations
hereunder shall inure to the benefit of and be binding upon the Parties hereto and their respective successors and assigns. Any
attempted assignment in violation of this Agreement shall be null and void.

 

IN
WITNESS WHEREOF, each of the Parties has caused this Agreement to be duly executed as of the date first above written.

 

	 	BUYER:
	 	 
	 	SYLIOS
    CORP
	 	 	 
	 	By:	/s/
    Jimmy Wayne Anderson
	 	Name:	Jimmy
    Wayne Anderson
	 	Title:	President
	 	 	 
	 	SELLER:
	 	 
	 	WANSHAN
    ENGINEERING SERVICES, LLC
	 	 	 
	 	By:	/s/
    Brent Tantillo
	 	Name:	Brent
    Tantillo
	 	Title:	Managing
    Member

 

    	 	 	 

    	 

    

 

Exhibit
A

 

Purchased
Inventory

 

1,000
Ampt by Zeus Wireless Bluetooth 4.1 Stereo Earbuds with Charger

 

Description:

 

	●	SMART
                                         MULTIPOINT CONNECTIVITY: Pair the AMPT stereo Bluetooth earphones with each other for
                                         a stereo experience. In single earbud mode, each wireless headset can connect with two
                                         Bluetooth source devices like your iPhone or Android phone, iPad, tablet, or laptop simultaneously.
                                         If you are streaming music from your iPad, and receive an incoming call on your iPhone,
                                         the wireless earphones will recognize this and allow you to take the call seamlessly
                                         without the hassle of repairing.
	●	TRULY
                                         WIRELESS STEREO PAIRING VIA BLUETOOTH 4.1: Pairing 2 cordless earbuds wirelessly like
                                         Apple AirPods, making it the smallest stereo Bluetooth headset on the market. Bluetooth
                                         4.1 with advanced audio decode technology enables wireless connections to your smartphones
                                         and other Bluetooth devices and gives these ultra-small stereo wireless headphones unparalleled
                                         sound quality. This package includes TWO (2) AMPT wireless earbuds to operate in the
                                         stereo Bluetooth headphones mode.
	●	ACTIVATE
                                         SIRI, VOICE COMMANDS, AND UNPARALLELED SOUND QUALITY: Siri is just a touch away via the
                                         main button on either of the cordless earbuds. You never have to take your smartphone
                                         out of your pocket, giving you a genuine hands-free, wireless stereo experience. Voice
                                         prompts for calls, pairing and caller ID are transmitted directly to the wireless headset.
                                         Noise reduction and echo cancellation technology filters ambient noise and enables clearer
                                         sound during calls and when listening to music.
	●	LONG
                                         BATTERY LIFE WITH DUAL-FUNCTION PORTABLE CHARGER: With the portable charging system,
                                         your AMPT Bluetooth earbuds will never run out of battery. The dual-function portable
                                         charger allows you to charge both wireless earbuds on-the-go. The enhanced battery in
                                         the wireless headphones allows up to 3 hours for music and calls on a single charge.
	●	COMFORTABLE,
                                         NON-INVASIVE, AND DESIGNED FOR SPORT Compatible with iPhone 7/7 Plus/6s/6s Plus/6/6 Plus/SE/5s/5/4s/iPod/iPad/iPad
                                         Mini/iPad Pro/Macbook/Macbook Air/Macbook Pro/iMac/Mac Pro/Mac Mini/Samsung Galaxy S6/S5/S4/S6
                                         Edge/Edge+/7/6/5/4/3/Edge/Android/Windows/tablets/laptops/computers.

 

    	 	 	 

    	 

    

 

Exhibit
B

 

BILL
OF SALE

 

This
BILL OF SALE (“Bill of Sale”) is dated as of September 25, 2019 from Wanshan Engineering Services LLC (“Seller”)
to Sylios Corp (“Buyer”)(collectively the “Parties”).

 

RECITALS

 

A.
Seller and Buyer are parties to an Inventory Purchase Agreement, dated as of September 21, 2019 (the “Purchase Agreement”).

 

B.
Pursuant to the Purchase Agreement, Buyer is purchasing from Seller the Purchased Inventory referred to in Section 1.1 of the
Purchase Agreement.

 

C.
Seller has agreed, pursuant to Section 1.4 of the Purchase Agreement, to execute and deliver this Bill of Sale to Buyer for the
purpose of transferring to and vesting in Buyer title to the Purchased Inventory, which Seller is selling to Buyer pursuant to
the Purchase Agreement.

 

AGREEMENT

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged:

 

1.
Seller does hereby sell, transfer, assign and vest in Buyer, its successors and assigns forever, all of its right, title and interest
in and to the Purchased Inventory referred to in Section 1.1 and set forth on Schedule A of the Purchase Agreement.

 

2.
Seller hereby appoints Buyer, its successors and assigns, as Seller’s true and lawful representative, with full power of
substitution, in Seller’s name and stead, on behalf and for the benefit of Buyer, its successors and assigns, to demand
and receive any and all of the Purchased Inventory and to give receipts and releases for and in respect of the Purchased Inventory,
or any part thereof, and from time to time to institute and prosecute in Seller’s name, at the sole expense and for the
benefit of Buyer, its successors and assigns, any and all proceedings at law, in equity or otherwise, which Buyer, its successors
and assigns, may reasonably deem necessary for the collection or reduction to possession of any of the Purchased Inventory.

 

3.
This Bill of Sale shall be binding on and inure to the benefit of and be enforceable by the Parties hereto and their respective
successors and assigns. Nothing in this Bill of Sale shall be deemed to create or imply any right or benefit in any person other
than Buyer or Seller, or their respective successors and assigns.

 

4.
This Bill of Sale is subject to the terms and conditions of the Purchase Agreement and shall be governed and enforced in accordance
with the laws of the State of Florida without giving effect to the conflict of law rules thereof. The Parties agree that the state
courts in Hillsborough County, Florida or the federal courts in the Middle District of Florida, Tampa Division, will be the venue
for any litigation brought by either of the Parties to resolve any and all disputes arising under this Agreement, and the Parties
further agree that said courts will have personal jurisdiction over the Parties for any such litigation.

 

5.
Nothing in this Bill of Sale shall alter any liability or obligation of Seller arising under the Purchase Agreement, which shall
govern the representations, warranties and obligations of the Parties with respect to the Purchased Inventory. The representations
and warranties set forth in the Purchase Agreement shall survive the execution of this Bill of Sale.

 

6.
This Bill of Sale may be executed by facsimile signature and a facsimile signature shall constitute an original signature for
all purposes.

 

    	 	 	 

    	 

    

 

IN
WITNESS WHEREOF, this Bill of Sale has been executed under seal as of the day and year first written above.

 

	 	Wanshan
                                         engineering services lLC

	 	 	 
	 	By:	/s/
    Brent Tantillo
	 	Name:	Brent
    Tantillo
	 	Title:	Managing
    MemberEX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 THIS
INSTRUMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE (this “Instrument”), dated as of March 2, 2018 is by and among NATIONAL OILWELL VARCO, INC., a corporation duly organized and existing under the laws of the State of
Delaware (the “Company”), Wells Fargo Bank, National Association, a national banking association duly organized and existing under the laws of the United States of America (the “Successor Trustee”), and U.S. Bank National
Association, a national banking association duly organized and existing under the laws of the United States of America (the “Resigning Trustee”). Capitalized terms not otherwise defined herein shall have the same meaning ascribed to
such terms in the Indenture (as defined below). 
 RECITALS 

WHEREAS, pursuant to an Indenture dated as of November 20, 2012 as amended and supplemented (i) by way of a Second Supplemental
Indenture dated as of November 20, 2012, providing for the issuance of 2.60% Senior Notes due 2022 in the amount of $1,400,000,000 (the “Second Supplement”), and (ii) by way of a Third Supplemental Indenture dated as of
November 20, 2012, providing for the issuance of 3.95% Senior Notes due 2024 in the amount of $1,100,000,000 (the “Third Supplement” and, together with the Second Supplement, the “Indenture”) entered into by the Company and
the Resigning Trustee. 
 WHEREAS, the Company appointed the Resigning Trustee as the Trustee, Security Registrar, Transfer Agent, Paying
Agent and Security Custodian under the Indenture; 
 WHEREAS, there is presently issued and outstanding $2,500,000,000 in aggregate
principal amount of Notes; 
 WHEREAS, Section 610 (b) of the Indenture provides that the Trustee may at any time resign by giving
written notice of such resignation to the Company; 
 WHEREAS the Resigning Trustee delivered a notice of resignation in its capacity as
Trustee to the Issuer in accordance with Section 611 on March 2, 2018; 

 WHEREAS, the Resigning Trustee desires to confirm its notice of resignation as Trustee, and
desires to resign as Security Registrar, Transfer Agent, Paying Agent and Security Custodian under the Indenture, and the Company desires to appoint the Successor Trustee as Trustee, Security Registrar, Transfer Agent, Paying Agent and Security
Custodian under the Indenture to succeed the Resigning Trustee in each of such capacities under the Indenture; and 
 WHEREAS, the Successor
Trustee is willing to accept the appointment as Trustee, Security Registrar, Transfer Agent, Paying Agent and Security Custodian under the Indenture; 

NOW, THEREFORE, in consideration of the covenants herein and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: 
 1. Acceptance of Resignation of Resigning Trustee;
Appointment of Successor Trustee. The Resigning Trustee hereby confirms its notice of resignation as Trustee and hereby resigns as Security Registrar, Transfer Agent, Paying Agent and Security Custodian under the Indenture. The Company
hereby accepts the resignation of the Resigning Trustee as Trustee, Security Registrar, Transfer Agent, Paying Agent and Security Registrar under the Indenture. The Company hereby appoints the Successor Trustee as Trustee, Security Registrar,
Transfer Agent, Paying Agent and Security Custodian under the Indenture. The Company hereby acknowledges that the Successor Trustee shall be the Trustee (as of the Trustee Effective Date (as defined below)) and the Security Registrar, Transfer
Agent, Paying Agent and Security Registrar (in each case, as of the Agents Effective Date (as defined below)) under the Indenture and shall hold all rights, powers, duties and obligations which the Resigning Trustee now holds under and by virtue of
the Indenture as Trustee, Security Registrar, Transfer Agent, Paying Agent and Security Custodian. The Company shall execute and deliver such further instruments and shall do such other things as the Successor Trustee may reasonably require so as to
more fully and certainly vest in and confirm to the Successor Trustee all the rights, powers, duties and obligations hereby assigned, transferred, delivered and confirmed to the Successor Trustee as Trustee, Security Registrar, Transfer Agent,
Paying Agent and Security Custodian. For avoidance of doubt, this Instrument shall constitute the written acceptance of appointment by the Successor Trustee, in each case, pursuant to Section 611 of the Indenture. 

2. Company Representations and Warranties and Covenants. 

 

	 	(a)	 The Company hereby represents and warrants to the Successor Trustee that: 

i. It is duly organized and validly existing under the laws of the State of Delaware; 

ii. It has full power, authority, and right to execute, deliver and perform this Instrument; 

iii. The Indenture was validly and lawfully executed and delivered by the Company and is in full force and effect; 

 iv. The current outstanding aggregate principal amount of the Notes is $2,500,000,000; 

v. There is no action, suit or proceeding pending or, to the knowledge of the Company, threatened against the Company before any court or any
governmental authority arising out of any act or omission of the Company under the Indenture; 
 vi. Assuming the accuracy of the
representation made by the Successor Trustee in Section 4 hereof, all conditions precedent relating to the appointment of the Successor Trustee as Trustee, Security Registrar, Transfer Agent, Paying Agent and Security Registrar under the
Indenture have been complied with, and such appointment is permitted by the Indenture; 
 vii. No event has occurred and is continuing which
is, or after notice or lapse of time would become, an Event of Default under the Indenture; and 
 viii. The documents listed on Exhibit A
represent all of the Notes Documents and all other documents related to the transactions contemplated thereby, and there have been no other written supplements, amendments or waivers thereto except as reflected on such exhibit. 

 

	 	(b)	 The Company shall deliver, or cause to be delivered, to Successor Trustee, as of or immediately after the
Trustee Effective Date, to the extent available, all of the documents listed in Exhibit C hereto. 

  

	 	(c)	 The Issuer confirms that it will pay all outstanding fees and expenses, including fees and expenses of counsel,
due and owing to the Resigning Trustee concurrently with the execution and delivery of this Instrument. 

 3.
Resigning Trustee Representations and Warranties and Covenants. 
 (a) The Resigning Trustee hereby represents and warrants to
the Successor Trustee that: 
 i. There is no action, suit or proceeding pending or, to the knowledge of the Resigning Trustee, threatened
against the Resigning Trustee before any court or governmental authority arising out of any action or omission by the Resigning Trustee as Trustee, Registrar, Transfer Agent or Paying Agent under the Indenture; 

ii. No covenant or condition contained in the Indenture has been waived by the Resigning Trustee or by the respective holders of the percentage
in aggregate principal amount of the Notes required by the Indenture to effect any such waiver; 

 iii. Notwithstanding anything set forth herein, the Resigning Trustee makes no
representation or warranty regarding matters set forth in or in any way relating to the Holders’ and Issuer’s correspondence; 

iv. The Resigning Trustee has full power, authority, and right to execute, deliver and perform this Instrument; 

v. The execution and delivery of this Instrument has been duly authorized by the Resigning Trustee, and this Instrument constitutes the
Resigning Trustee’s legal, valid, binding and enforceable obligation; 
 vi. $2,500,000,000 in principal amount of Notes is outstanding,
and interest due on the Notes has been paid to December 1, 2017; and 
 vii. The documents listed on Exhibit A represent all of
the Notes Documents and documents related to the transactions contemplated thereby, and there have been no other written supplements, amendments or waivers thereto except as reflected on such exhibit. 

 

	 	(b)	 The Resigning Trustee shall deliver, or cause to be delivered, to Successor Trustee, as of or immediately after
the Trustee Effective Date, to the extent available, all of the documents listed in Exhibit C hereto. 

 4.
Successor Trustee Representation and Warranty. The Successor Trustee represents and warrants to the Resigning Trustee and the Company that: 
  

	 	a.	 The Successor Trustee is eligible and qualified to serve as Trustee pursuant to Section 609 of the
Indenture; 

  

	 	b.	 The Successor Trustee has full power, authority, and right to execute, deliver and perform this Instrument; and

  

	 	c.	 The execution and delivery of this Instrument has been duly authorized by the Successor Trustee, and this
Instrument constitutes the Successor Trustee’s legal, valid, binding and enforceable obligation. 

 5.
Assignment by Resigning Trustee. The Resigning Trustee hereby confirms, assigns, transfers, delivers and conveys to the Successor Trustee, as Trustee (effective on the Trustee Effective Date) and as Security Registrar, Transfer
Agent, Paying Agent and Security Custodian (effective as of the Agents Effective Date) under the Indenture, all rights, powers, duties and obligations which the Resigning Trustee now holds under and by virtue of the Indenture as Trustee, Security
Registrar, Transfer Agent, Paying Agent and Security Custodian, and effective as of such date does hereby pay over to the Successor Trustee any and all property and moneys held by the Resigning Trustee under and by virtue of the Indenture. 

 6. Acceptance by Successor Trustee. The Successor Trustee accepts its
appointment as Trustee, Security Registrar, Transfer Agent, Paying Agent and Security Custodian under the Indenture and shall assume said rights, powers, duties and obligations upon the terms and conditions set forth in the Indenture. Promptly after
the execution and delivery of this Instrument, the Successor Trustee shall cause a notice, substantially in the form annexed hereto as Exhibit A, to be sent to the Company and each Holder of the Notes. The parties hereto acknowledge and
agree that, notwithstanding the assignment and assumption provided for herein, the Resigning Trustee shall retain responsibility for actions or omissions taken by it prior to the Trustee Effective Date (with respect to its capacity as Trustee) and
the Agents Effective Date (with respect to its capacities as Security Registrar, Transfer Agent, Paying Agent and Security Custodian) to the extent, but only to the extent, expressly provided in the Indenture. The Successor Trustee shall have no
liability or responsibility under the Indenture or any related document, for any action or omission of the Resigning Trustee or any other Person occurring prior to the Trustee Effective Date (with respect to its capacity as Trustee) and the Agents
Effective Date (with respect to its capacities as Security Registrar, Transfer Agent, Paying Agent and Security Custodian). For the avoidance of doubt, and without limiting the generality of the previous sentence, this Instrument shall not
constitute an assumption by the Successor Trustee of any liability arising prior to the Resigning Trustee’s resignation of its duties under the Indenture. The Resigning Trustee (a) shall remain liable and responsible under the Indenture
for its actions or omissions occurring prior to the Trustee Effective Date (with respect to its capacity as Trustee) and the Agents Effective Date (with respect to its capacities as Security Registrar, Transfer Agent, Paying Agent and Security
Custodian); and (b) shall have no liability or responsibility under the Indenture for any action or omission of any other Person occurring on or after the Trustee Effective Date (with respect to its capacity as Trustee) and the Agents Effective
Date (with respect to its capacities as Security Registrar, Transfer Agent, Paying Agent and Security Custodian). Other than the documents listed in Exhibit C hereto, the Successor Trustee shall not be deemed to have knowledge of any other documents
or information related to the transactions contemplated by the this Instrument and shall have no liability or responsibility for taking any action or refraining from any action related to any such documents. 

7. Additional Documentation. The Resigning Trustee, for the purposes of more fully and certainly vesting in and confirming
to the Successor Trustee the rights, powers, duties and obligations hereby assigned, transferred, delivered and conveyed, agrees, upon reasonable request of the Company or the Successor Trustee, at Company’s expense, to execute, acknowledge and
deliver such further instruments of conveyance and further assurance and to do such other things (including delivery of such other documents) as may reasonably be required by the Company or the Successor Trustee. 

8. Choice of Laws; Waiver of Jury Trial; Submission to Jurisdiction. This Instrument shall be governed by the laws of the
State of New York. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INSTRUMENT. In relation to any
legal action or proceedings arising out of or in connection with this Instrument, the parties hereto hereby irrevocably submit to the non-exclusive jurisdiction of the U.S. federal and state courts in the
Borough of Manhattan in the City of New York, County and State of New York, United States of America. 

 9. Counterparts. This Instrument may be executed in any number of
counterparts, each of which, when so executed and delivered, shall be deemed an original, but all counterparts shall constitute but one Instrument. Delivery of a counterpart hereof by facsimile transmission or by
e-mail transmission of an Adobe portable document format file (also known as a “PDF” file) shall be effective as delivery of a manually executed counterpart hereof. 

10. Patriot Act. The Company acknowledges that, in accordance with Section 326 of the USA Patriot Act, the Successor
Trustee, like all financial institutions, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Successor Trustee. The Company agrees that it
will provide the Successor Trustee with such information as it may reasonably request in order for it to satisfy the requirements of the USA Patriot Act. 

11. Notices. All notices, whether faxed or mailed, will be deemed received in accordance with Section 13.01 of the
Indenture to the following: 
 TO THE SUCCESSOR TRUSTEE: 

Wells Fargo Bank, National Association 

Corporate Trust Services 
 125
High Street 
 Boston, Massachusetts 02110-2704 

Facsimile: (866) 558-8345 

Attention: Patrick T. Giordano 
 TO THE RESIGNING
TRUSTEE: 
 U.S. Bank 
 111
Fillmore Avenue E. 
 St. Paul, MN 55107 

With a copy to: 
 U.S. Bank National Association

 8 Greenway Plaza 
 Houston,
TX. 77046 
 Facsimile: 713.212-3718 

Attention: Alejandro Hoyos 

 TO THE COMPANY: 

National Oilwell Varco, Inc. 

Brigitte Hunt 
 NOV – Asst.
General Legal Counsel 
 7909 Parkwood Circle Drive 

Houston, TX 77036 
 Office: 713-634-3116 
 Fax: 713-346-7995 
 Email: Brigitte.Hunt@nov.com 

With a copy to: 
 National Oilwell Varco, Inc.

 Trevor B. Martin 
 NOV –
Treasury 
 7909 Parkwood Circle Drive 

Houston, TX 77036 
 Office: 713-346-7752 
 Fax: 713-346-7870 
 Email: Trevor.Martin@nov.com 

12. Effectiveness. This Instrument and the resignation, appointment and acceptance of the Trustee role under the Indenture
by Wells Fargo Bank, National Association effected hereby shall be effective upon the execution of this Instrument by all parties (the “Trustee Effective Date”). The resignation, appointment and acceptance of the roles of Security
Registrar, Transfer Agent, Paying Agent and Security Custodian shall be effective, automatically without the need for further action ten (10) Business Days after the date hereof (such date, the “Agents Effective Date”). 

[Signature Pages Follow] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as SUCCESSOR TRUSTEE
		
	By:	 	 /s/ Patrick Giordano

	Name:	 	Patrick Giordano
	Title:	 	Vice President

 [Signature Page to Tripartite Agreement] 

 
			
	U.S. BANK NATIONAL ASSOCIATION,
	as RESIGNING TRUSTEE
		
	By:	 	 /s/ Alejandro Hoyos

	Name:	 	Alejandro Hoyos
	Title:	 	Vice President

 [Signature Page to Tripartite Agreement] 

 
			
	 NATIONAL OILWELL VARCO, INC.
 as
COMPANY

		
	By:	 	 /s/ Trevor B. Martin

	Name:	 	Trevor B. Martin
	Title:	 	Vice President & Treasurer

 EXHIBIT A 

[Wells Fargo Bank, National Association Letterhead] 

Notice to Holders of: 
 National Oilwell Varco,
Inc. (the “Company”) 2.60% Senior Unsecured Notes due 2022 (the “Notes”) CUSIP No. 637071 AJ0 and 3.950% Senior Unsecured Notes due 2042 (the “Notes”) CUSIP No. 637071 AK7 

IMPORTANT TIME-SENSITIVE INFORMATION. 

PLEASE FORWARD THIS NOTICE TO BENEFICIAL
HOLDERS IMMEDIATELY. 
 NOTICE OF APPOINTMENT OF SUCCESSOR TRUSTEE 

This notice is delivered in accordance with Section 611 of that certain Indenture, dated as of November 20, 2012 (as supplemented, modified or
amended from time to time, the “Indenture”), by and among the Company, and U.S. Bank National Association, as Trustee, pursuant to which the above-referenced Notes were issued and are outstanding. Capitalized terms used, but not
otherwise defined, herein shall have the meanings ascribed to such terms in the Indenture. 
 Please be advised that, pursuant to Section 610 of the
Indenture, U.S. Bank National Association has resigned as Trustee under the Indenture. Pursuant to Section Section 611 of the Indenture, the Company has appointed Wells Fargo Bank National Association as successor Trustee, Security Registrar,
Transfer Agent, Paying Agent and Security Custodian, and Wells Fargo Bank, National Association has accepted such appointment. U.S. Bank National Association’s resignation as Trustee and Wells Fargo Bank, National Association’s appointment
as successor Trustee was effective as of March 2, 2018. U.S. Bank National Association’s resignation as Security Registrar, Transfer Agent, Paying Agent and Security Custodian, and Wells Fargo. Bank, National Association’s appointment as
Security Registrar, Transfer Agent, Paying Agent and Security Custodian will be effective as of March 2, 2018. 
 Please be advised .that, pursuant to
the Indenture, funds held under the Indenture are to be used for payment of the fees and costs incurred or to be incurred by the Trustee in performing its duties, as well as for any indemnities owing or to become owing to the Trustee. This includes,
but is not limited to, compensation for Trustee time spent, and the fees and costs of counsel and other agents it employs, to pursue remedies or other actions to protect the interests of holders. 

 
  

	1 	 Trustee is not responsible for selection or use of CUSIP. It is included solely for holder convenience.

 The Trustee may conclude that a specific response to particular inquiries from individual holders is not
consistent with equal and full dissemination of information to all holders. Holders should not rely on the Trustee as their sole source of information. The Trustee makes no recommendations and gives no investment or legal advice. 

Holders with questions about this notice should direct them, in writing, to: Patrick T. Giordano, Vice President, Wells Fargo Bank National Association, 125
High Street, 15th Floor Boston Massachusetts 02110-2704. Holders with other questions may contact Wells Fargo Bank at 1-800-344-5128. 
 Wells Fargo Bank National Association, 

as Trustee 
 March 2, 2018 

 EXHIBIT A 

Documents to be delivered to Successor Trustee 
  

	•	 	 a copy of the executed Indenture dated as of November 20, 2012; 

 

	•	 	 a copy of the executed Second Supplemental Indenture dated as of November 20, 2012; 

 

	•	 	 a copy of the executed Third Supplemental Indenture dated as of November 20, 2012; 

 

	•	 	 a copy of the 2.60% Senior Notes due 2022, Registered Global Note, dated as of November 20, 2012 with serial
number R-1 (CUSIP 637071AJ0); 

  

	•	 	 a copy of the 3.95% Senior Notes due 2042, Registered Global Note, dated as of November 20, 2012 with serial
number R-1 (CUSIP 637071AK7); 

  

	•	 	 Copies of the most recent of each of the SEC reports delivered by the company pursuant to Section 704 of the
Indenture 

  

	•	 	 A copy of the most recent compliance certificate delivered pursuant to Section 1005 of the Indenture

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