Document:

Credit Agreement

 Exhibit 10.1 
 EXECUTION VERSION 
  
  

 
 $3,500,000,000 

5-YEAR CREDIT AGREEMENT 
 Dated as of September 28, 2012 
 Among 

NATIONAL OILWELL VARCO, INC. 
 as Borrower, 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Administrative Agent, an Issuing Lender and U.S. Swingline Lender 

THE LENDERS PARTY HERETO FROM TIME TO TIME 
  

 
  

WELLS FARGO SECURITIES, LLC, DNB MARKETS, INC., 
 LLOYDS TSB BANK PLC, BARCLAYS BANK PLC, J.P. MORGAN SECURITIES LLC, 
 THE
BANK OF TOKYO-MITSUBISHI UFJ, LTD., 
 AND CITIGROUP GLOBAL MARKETS INC. 

as Co-Lead Arrangers and Joint Book Runners 
 DNB BANK ASA 
 as Syndication Agent 

BARCLAYS BANK PLC, 
 JPMORGAN CHASE BANK, N.A., LLOYDS TSB BANK PLC, 
 THE BANK OF
TOKYO-MITSUBISHI UFJ, LTD., AND CITIBANK, N.A. 
 as Co-Documentation Agents 

 TABLE OF CONTENTS 

 

					
	 	 	Page	 
	 ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
	 	 	1	  
		
	 Section 1.1 Certain Defined Terms
	 	 	1	  
	 Section 1.2 Computation of Time Periods
	 	 	19	  
	 Section 1.3 Accounting Terms; Changes in GAAP; Foreign Currency Limits
	 	 	20	  
	 Section 1.4 Types of Advances
	 	 	20	  
	 Section 1.5 Change of Currency
	 	 	20	  
	 Section 1.6 Miscellaneous
	 	 	21	  
		
	 ARTICLE II THE ADVANCES AND THE LETTERS OF CREDIT
	 	 	21	  
		
	 Section 2.1 The Advances
	 	 	21	  
	 Section 2.2 Method of Borrowing
	 	 	24	  
	 Section 2.3 Fees
	 	 	28	  
	 Section 2.4 Reduction of Revolving Commitments
	 	 	29	  
	 Section 2.5 Repayment of Advances
	 	 	29	  
	 Section 2.6 Interest
	 	 	29	  
	 Section 2.7 Prepayments
	 	 	31	  
	 Section 2.8 Breakage Costs
	 	 	32	  
	 Section 2.9 Increased Costs
	 	 	32	  
	 Section 2.10 Payments and Computations
	 	 	33	  
	 Section 2.11 Taxes
	 	 	34	  
	 Section 2.12 Illegality
	 	 	38	  
	 Section 2.13 Letters of Credit
	 	 	38	  
	 Section 2.14 Sharing of Payments, Etc
	 	 	43	  
	 Section 2.15 Increase of Revolving Commitment
	 	 	43	  
	 Section 2.16 Mitigation Obligations; Lender Replacement; Termination of Defaulting Lender
	 	 	44	  
	 Section 2.17 Currency Fluctuations, Mandatory Prepayments and Deposits in the Cash Collateral Accounts
	 	 	46	  
	 Section 2.18 Market Disruption
	 	 	46	  
	 Section 2.19 Extension of Maturity Date
	 	 	47	  
	 Section 2.20 Defaulting Lender
	 	 	47	  
		
	 ARTICLE III CONDITIONS OF LENDING
	 	 	51	  
		
	 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit
	 	 	51	  
	 Section 3.2 Conditions Precedent for each Borrowing or Letter of Credit
	 	 	52	  
	 Section 3.3 Additional Condition Precedent for Initial Borrowing through Authorized Agents
	 	 	52	  

  
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 TABLE OF CONTENTS 

(continued) 
  

					
	 	 	Page	 
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	 	 	53	  
		
	 Section 4.1 Corporate Existence; Subsidiaries
	 	 	53	  
	 Section 4.2 Authorization and Validity
	 	 	53	  
	 Section 4.3 Corporate Power
	 	 	53	  
	 Section 4.4 Authorization and Approvals
	 	 	53	  
	 Section 4.5 Enforceable Obligations
	 	 	53	  
	 Section 4.6 Financial Statements
	 	 	54	  
	 Section 4.7 True and Complete Disclosure
	 	 	54	  
	 Section 4.8 Litigation
	 	 	54	  
	 Section 4.9 Use of Proceeds
	 	 	54	  
	 Section 4.10 Investment Company Act
	 	 	54	  
	 Section 4.11 Taxes
	 	 	55	  
	 Section 4.12 Pension Plans
	 	 	55	  
	 Section 4.13 Reserved
	 	 	55	  
	 Section 4.14 Insurance
	 	 	55	  
	 Section 4.15 No Defaults
	 	 	55	  
	 Section 4.16 Permits, Licenses, etc
	 	 	55	  
	 Section 4.17 Compliance with Laws
	 	 	55	  
	 Section 4.18 OFAC; Anti-Terrorism
	 	 	56	  
		
	 ARTICLE V AFFIRMATIVE COVENANTS
	 	 	56	  
		
	 Section 5.1 Compliance with Laws, Etc
	 	 	56	  
	 Section 5.2 Insurance
	 	 	56	  
	 Section 5.3 Preservation of Existence, Etc
	 	 	56	  
	 Section 5.4 Payment of Taxes, Etc
	 	 	56	  
	 Section 5.5 Visitation Rights
	 	 	57	  
	 Section 5.6 Reporting Requirements
	 	 	57	  
	 Section 5.7 Maintenance of Property
	 	 	59	  
	 Section 5.8 Use of Proceeds
	 	 	59	  
		
	 ARTICLE VI NEGATIVE COVENANTS
	 	 	59	  
		
	 Section 6.1 Liens, Etc
	 	 	59	  
	 Section 6.2 Indebtedness
	 	 	61	  
	 Section 6.3 Senior Notes
	 	 	61	  
	 Section 6.4 Limitation on Certain Restrictions
	 	 	61	  
	 Section 6.5 Merger, Consolidation; Asset Sales
	 	 	61	  
	 Section 6.6 Restricted Payments
	 	 	61	  
	 Section 6.7 Affiliate Transactions
	 	 	62	  
	 Section 6.8 Maximum Total Capitalization Ratio
	 	 	62	  
		
	 ARTICLE VII REMEDIES
	 	 	62	  
		
	 Section 7.1 Events of Default
	 	 	62	  
	 Section 7.2 Optional Acceleration of Maturity
	 	 	63	  
	 Section 7.3 Automatic Acceleration of Maturity
	 	 	64	  
	 Section 7.4 Cash Collateral Account
	 	 	64	  
	 Section 7.5 Non-exclusivity of Remedies
	 	 	65	  
	 Section 7.6 Right of Set-off
	 	 	65	  
	 Section 7.7 Currency Conversion After Maturity
	 	 	65	  

  
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 TABLE OF CONTENTS 

(continued) 
  

					
	 	 	Page	 
	 ARTICLE VIII AGENCY AND ISSUING LENDER PROVISIONS
	 	 	65	  
		
	 Section 8.1 Authorization and Action
	 	 	65	  
	 Section 8.2 Administrative Agent’s Reliance, Etc
	 	 	66	  
	 Section 8.3 The Administrative Agent and its Affiliates
	 	 	66	  
	 Section 8.4 Lender Credit Decision
	 	 	66	  
	 Section 8.5 Indemnification
	 	 	67	  
	 Section 8.6 Successor Administrative Agent and Issuing Lenders
	 	 	67	  
	 Section 8.7 Co-Lead Arrangers, Joint Book Runners, other Agency Titles
	 	 	68	  
		
	 ARTICLE IX MISCELLANEOUS
	 	 	68	  
		
	 Section 9.1 Amendments, Etc
	 	 	68	  
	 Section 9.2 Notices, SyndTrak, Etc
	 	 	69	  
	 Section 9.3 No Waiver; Remedies
	 	 	70	  
	 Section 9.4 Costs and Expenses
	 	 	70	  
	 Section 9.5 Binding Effect
	 	 	70	  
	 Section 9.6 Lender Assignments and Participations
	 	 	71	  
	 Section 9.7 Indemnification
	 	 	74	  
	 Section 9.8 Execution in Counterparts
	 	 	74	  
	 Section 9.9 Survival of Representations, etc
	 	 	74	  
	 Section 9.10 Severability
	 	 	74	  
	 Section 9.11 Usury Not Intended
	 	 	74	  
	 Section 9.12 Confidentiality
	 	 	75	  
	 Section 9.13 Governing Law; Submission to Jurisdiction
	 	 	75	  
	 Section 9.14 Waiver of Jury Trial
	 	 	76	  
	 Section 9.15 Waiver of Consequential Damages
	 	 	76	  
	 Section 9.16 Judgment Currency
	 	 	76	  
	 Section 9.17 Headings Descriptive
	 	 	77	  
	 Section 9.18 Electronic Execution of Assignments
	 	 	77	  
	 Section 9.19 USA Patriot Act
	 	 	77	  

  

					
	EXHIBITS:	 		  	
	Exhibit A	 	-	  	Form of Assignment and Acceptance
	Exhibit B	 	-	  	Form of Compliance Certificate
	Exhibit C	 	-	  	Form of Notice of Borrowing
	Exhibit D	 	-	  	Form of Notice of Conversion or Continuation
	Exhibit E	 	-	  	Form of Revolving Note
	Exhibit F	 	-	  	Form of Swingline Note
	Exhibit G-1	 		  	Form of U.S. Tax Compliance Certificate
	Exhibit G-2	 		  	Form of U.S. Tax Compliance Certificate
	Exhibit G-3	 		  	Form of U.S. Tax Compliance Certificate
	Exhibit G-4	 		  	Form of U.S. Tax Compliance Certificate

  

					
	SCHEDULES:	 		  	
	Schedule 1.1(a)	 	-	  	Revolving Commitments
	Schedule 1.1(b)	 	-	  	Mandatory Cost Formulae
	Schedule 1.1(c)	 	-	  	Existing Letters of Credit

  
 -iii-

 5-YEAR CREDIT AGREEMENT 

This 5-YEAR CREDIT AGREEMENT (“Agreement”) is entered into as of September 28, 2012, among NATIONAL OILWELL VARCO,
INC., a Delaware corporation (“Borrower”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (as defined below) and an Issuing Lender (as defined below), and each Lender (as defined below). 

The parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS AND ACCOUNTING TERMS 

Section 1.1 Certain Defined Terms. As used in this Agreement, the following terms shall have the following meanings (unless
otherwise indicated, such meanings to be equally applicable to both the singular and plural forms of the terms defined): 

“Acquisition” means any transaction, or any series of related transactions, consummated on or after the date of this
Agreement, by which the Borrower or any of its Subsidiaries (a) acquires any going business or all or substantially all of the assets of any firm, corporation or limited liability company, or division thereof, whether through purchase of
assets, merger, consolidation or otherwise or (b) directly or indirectly acquires (in one transaction or as the most recent transaction in a series of related transactions) at least a majority (in number of votes) of the securities of a
corporation which have ordinary voting power for the election of directors (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage of voting power) of the outstanding ownership
interests of a partnership or limited liability company. 
 “Additional Lender” has the meaning set forth in
Section 2.15. 
 “Adjusted Base Rate” means, for any day, the fluctuating rate per
annum of interest equal to the greatest of (a) the Prime Rate in effect on such day, (b) the sum of the Federal Funds Rate in effect on such day plus
 1/2% per annum, and (c) the Daily One Month LIBOR Rate plus one percent (1.00%). Any change in the Adjusted Base Rate due to a change in the Prime Rate, Daily One Month LIBOR or the Federal Funds Rate
shall be effective on the effective date of such change in the Prime Rate, Daily One Month LIBOR or the Federal Funds Rate. 
 “Administrative Agent” means Wells Fargo Bank, National Association in its capacity as administrative agent for the Lenders pursuant to Article VIII and any successor administrative
agent in that capacity pursuant to Section 8.6. 
 “Administrative Questionnaire” means, with respect to
each Lender, an administrative questionnaire submitted to and accepted by the Administrative Agent duly completed by such Lender. 
 “Advance” means any Swingline Advance or any Revolving Advance. 

“Affiliate” means (a) as to the Borrower or any Subsidiary thereof, (i) any other Person that, directly or
indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person or any Subsidiary of such Person or (ii) any other Person owning beneficially or controlling thirty percent (30%) or
more of the equity interests in such Person, and (b) as to any other Person, any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person. The term
“control” (including the terms “controlled by” or “under common control with”) means the possession, directly or indirectly, of the 

 
power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities or other equity interests, by contract or otherwise. For purposes
of clause (b), a Person shall be deemed to control another Person if the controlling Person owns 10% or more of any class of voting securities (or other ownership interests) of the controlled Person. 

“Agreed Currency” means (a) Dollars, (b) Euro, (c) Pounds Sterling, (d) Canadian Dollars,
(e) Norwegian Kroner, and (f) any other Eligible Currency which the Borrower requests the Administrative Agent to include as an Agreed Currency hereunder and which is acceptable to all Lenders and, in connection with Letters of Credit,
which is acceptable to the applicable Issuing Lender. If, after the designation of any currency as an Agreed Currency (including any Foreign Currency designated in clause (b) – (f) above) pursuant to the terms hereof,
(x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency, in the reasonable determination of the
Administrative Agent, no longer qualifies as an “Eligible Currency” or (z) in the reasonable determination of the Administrative Agent, a Dollar Amount of such currency is not readily calculable, the Administrative Agent shall
promptly notify the Lenders and the Borrower, and such currency shall no longer be an Agreed Currency until such time as the Administrative Agent, the applicable Issuing Lender, or the Lenders, as required herein, agree to reinstate such currency as
an Agreed Currency. 
 “Agreement” means this 5-Year Credit Agreement dated as of September 28, 2012 among
the Borrower, the Administrative Agent, and the Lenders, as it may be amended hereafter in accordance with its terms. 

“Aggregate Exposure” means the sum of (a) the aggregate outstanding Advances plus (b) the aggregate Letter of
Credit Exposure. 
 “Applicable Margin” means, at any time with respect to any Revolving Advance, Commitment
Fees or letter of credit fees (except as otherwise provided below), the following percentages based upon the ratings by Moody’s and S&P, respectively, applicable on such date to the Index Debt: 

 

																					
	 Tier
	  	Index Debt Rating	 	  	Eurocurrency
Rate 
Advances	 	 	Adjusted 
Base
Rate
Advances	 	 	Commitment
Fees	 
		  	 	S&P	  	  	 	Moody’s	  	  				 				 			
	 1
	  	 	AA- or higher	  	  	 	Aa3 or higher	  	  	 	0.625	% 	 	 	0.000	% 	 	 	0.050	% 
	 2
	  	 	A+	  	  	 	A1	  	  	 	0.750	% 	 	 	0.000	% 	 	 	0.060	% 
	 3
	  	 	A	  	  	 	A2	  	  	 	0.875	% 	 	 	0.000	% 	 	 	0.080	% 
	 4
	  	 	A-	  	  	 	A3	  	  	 	1.000	% 	 	 	0.000	% 	 	 	0.100	% 
	 5
	  	 	BBB+	 	  	 	Baa1	 	  	 	1.125	% 	 	 	0.125	% 	 	 	0.150	% 
	 6
	  	 	BBB or lower	  	  	 	Baa2 or lower	  	  	 	1.250	% 	 	 	0.250	% 	 	 	0.200	% 

 For purposes of the foregoing, (a) if either Moody’s or S&P shall not have in effect a rating for the Index
Debt (other than by reason of the circumstances referred to in the penultimate sentence of this definition), then such rating agency shall be deemed to have established a rating in Tier 6; (b) if the ratings established or deemed to have been
established by Moody’s and S&P for the Index Debt shall fall within different Tiers, the Applicable Margin shall be based on the higher of the two ratings unless one of the two ratings is two or more Tiers lower than the other, in which
case the Applicable Margin shall be determined by reference to the Tier next above that of the lower of the two ratings; and (c) if the ratings established or deemed to have been established by Moody’s and S&P for the Index Debt shall
be changed (other than as a result of a change in the rating system of Moody’s or S&P), such change shall be effective as of the date on which it is first announced or published by the applicable rating agency or, in

  
 2 

 
the absence of such announcement or publication, on the effective date of such rating. Each change in the Applicable Margin shall apply during the period commencing on the effective date of such
change and ending on the date immediately preceding the effective date of the next such change. If the rating system of Moody’s or S&P shall change, or if either such rating agency shall cease to be in the business of rating corporate debt
obligations, the Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the
Applicable Margin shall be determined by reference to the rating most recently in effect prior to such change or cessation. From the Closing Date until the first such ratings change, if any, the Applicable Margin shall be determined by reference to
Tier 3. 
 “Applicable Time” means, with respect to any borrowings and payments in any Designated Currency, the
local time in the place of settlement for such Designated Currency as may be determined by the Administrative Agent, the applicable Swingline Lender or the applicable Issuing Lender, as the case may be, to be necessary for timely settlement on the
relevant date in accordance with normal banking procedures in the place of payment. 
 “Arrangers” means
(a) Wells Fargo Securities, LLC, and its successors, in its capacity as co-lead arranger, (b) DNB Markets, Inc., and its successors, in its capacity as co-lead arranger, (c) Lloyds TSB Bank plc, and its successors, in its capacity as
co-lead arranger, (d) J.P. Morgan Securities LLC, and its successors, in its capacity as co-lead arranger, (e) The Bank of Tokyo-Mitsubishi UFJ, Ltd., and its successors, in its capacity as co-lead arranger, (f) Barclays Bank plc, and
its successors, in its capacity as co-lead arranger, and (g) Citibank, N.A., and its successors, in its capacity as co-lead arranger. 
 “Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and an Eligible Assignee, and accepted by the Administrative Agent, in substantially the form of
the attached Exhibit A. 
 “Authorized Agent” means each officer of any wholly-owned Subsidiary of the
Borrower, who has been duly authorized and appointed by a Responsible Officer of Borrower to act on behalf of the Borrower in requesting Advances and Letters of Credit, including, the designation of the currency, amount, Conversions, continuations
and prepayments of, and Interest Periods with respect to, Advances and the determination of the amounts, terms and beneficiaries of Letters of Credit. 
 “Adjusted Base Rate Advance” means an Advance which bears interest as provided in Section 2.6(a). All Adjusted Base Rate Advances shall be denominated in Dollars. 

“Borrower” has the meaning set forth in the preamble to this Agreement. 

“Borrowing” means a Revolving Borrowing or a Swingline Borrowing. 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close
under the Legal Requirements of, or are in fact closed in, Texas or New York, and: 
 (a) if such day relates to any interest
rate settings as to a Eurocurrency Rate Advance denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in respect of any such Eurocurrency Rate Advance, or any other dealings in Dollars to be carried out pursuant to
this Agreement in respect of any such Eurocurrency Rate Advance, means any such day on which dealings in deposits in Dollars are conducted by and between banks in the London interbank eurodollar market; 

  
 3 

 (b) if such day relates to any interest rate settings as to a Eurocurrency Rate Advance
denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of any such Eurocurrency Rate Advance, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate
Advance, means a TARGET Day; 
 (c) if such day relates to any interest rate settings as to a Eurocurrency Rate Advance
denominated in a currency other than Dollars or Euro, means any such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London interbank market for such currency or, if such market is unavailable,
then the principal offshore interbank market for such currency; and 
 (d) if such day relates to any fundings, disbursements,
settlements and payments in a currency other than Dollars or Euro in respect of a Eurocurrency Rate Advance denominated in a currency other than Dollars or Euro, or any other dealings in any currency other than Dollars or Euro to be carried out
pursuant to this Agreement in respect of any such Eurocurrency Rate Advance (other than any interest rate settings), means any such day on which banks are open for foreign exchange business in the principal financial center of the country of such
currency. 
 “Canadian Dollars” means the lawful money of Canada. 

“Canadian Swingline Advance” has the meaning set forth in Section 2.1(b). 

“Canadian Swingline Lender” means Royal Bank of Canada as the swing line lender for the Canadian Swingline Advances, or
any successor swing line lender for Canadian Swingline Advances hereunder. 
 “Capital Lease” means, for any
Person, any lease of any Property (whether real, personal or mixed) by that Person as lessee which, in accordance with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person. 

“Capitalized Lease Obligations” of a Person means the amount of the obligations of such Person under Capital Leases which
would be shown as a liability on a balance sheet of such Person prepared in accordance with GAAP. 
 “Cash Collateral
Accounts” means the special cash collateral account containing cash deposited pursuant to Sections 2.13(g), 2.17, 2.20, 7.2(b), or 7.3(b) to be maintained at the Administrative Agent’s offices in accordance with Sections 2.20(b)
and 7.4. 
 “Cash Collateralize” means, to deposit into the Cash Collateral Account or to pledge and deposit
with or deliver to the Administrative Agent, for the benefit of one or more of the Issuing Lenders or Swingline Lenders, as collateral for Letters of Credit or obligations of Lenders to fund participations in respect of the Letter of Credit Exposure
or Swingline Advances, cash or deposit account balances or, if the Administrative Agent and each applicable Issuing Lender shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance
satisfactory to the Administrative Agent and each applicable Issuing Lender. “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

 “Change in Control” means the acquisition by any Person, or two or more Persons acting in concert, of
beneficial ownership (within the meaning of Rule 13d-3 of the SEC under the Securities Exchange Act of 1934), directly or indirectly, of securities of the Borrower (or other securities convertible into such securities) representing 50% or more of
the combined voting power of all outstanding securities of the Borrower entitled to vote in the election of directors, other than securities having such power only by reason of the happening of a contingency. 

  
 4 

 “Change in Law” means the occurrence, after the date of this Agreement, of
any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any
Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary,
(x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank
for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a
“Change in Law”, regardless of the date enacted, adopted or issued. 
 “Closing Date” means the date
on which all of the conditions precedent set forth in Section 3.1 have been satisfied. 
 “Co-Lead Fee
Letter” means the letter agreement dated as of September 4, 2012 between the Borrower, J.P. Morgan Securities LLC, Lloyds TSB Bank plc, Barclays Bank plc and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as modified or amended from time to
time. 
 “Code” means the Internal Revenue Code of 1986, as amended, and any successor statute. 

“Commitment Fees” has the meaning set forth in Section 2.3(a). 

“Compliance Certificate” means a certificate of the Borrower in substantially the form of the attached Exhibit B.

 “Computation Date” means (a) the last Business Day of each calendar quarter, (b) the date of any
proposed Borrowing, (c) the date of any proposed issuance, increase or extension of a Letter of Credit, (d) the date of any reduction of Revolving Commitments pursuant to Section 2.4 or increase of Revolving Commitments pursuant to
Section 2.15, and (e) after an Event of Default has occurred and is continuing, any other Business Day at the Administrative Agent’s discretion or upon instruction by the Majority Lenders. 

“Confidential Information” means information that the Borrower furnishes to the Administrative Agent or any Lender in a
writing designated as confidential, but does not include any such information that is or becomes generally available to the public or that is or becomes available to the Administrative Agent or such Lender from a source other than the Borrower that
is not, to the Administrative Agent’s or such Lender’s knowledge, acting in violation of a confidentiality agreement with the Borrower. 
 “Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Consenting Lender” has the meaning set forth in Section 2.19(b). 

“Consolidated” refers to the consolidation of the accounts of the Borrower and its Subsidiaries in accordance with GAAP,
including, when used in reference to the Borrower, principles of consolidation consistent with those applied in the preparation of the Financial Statements. 

  
 5 

 “Consolidated Net Worth” means at any time the consolidated
stockholders’ equity of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time, determined in accordance with GAAP. 
 “Controlled Group” means all members of a controlled group of corporations and all trades (whether or not incorporated) under common control which, together with the Borrower, are treated
as a single employer under Section 414 of the Code. 
 “Convert”, “Conversion”, and
“Converted” each refers to a conversion of Advances of one Type into Advances of another Type pursuant to Section 2.2(b). 
 “Credit Documents” means this Agreement, the Notes, the Letter of Credit Documents, the Fee Letters, and each other agreement, instrument or document executed by the Borrower or any of
its Subsidiaries at any time in connection with this Agreement, including each Notice of Borrowing. 
 “Daily One Month
LIBOR” means, for any day, the rate per annum equal to the Eurocurrency Rate for Dollars then in effect for delivery for a one month period. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United States of America, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors,
moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Legal Requirements of the United States or other applicable jurisdictions from time to time in effect. 

“Default” means (a) an Event of Default or (b) any event or condition which with notice or lapse of time or
both would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means, subject to
Section 2.20(b), any Lender that (a) has failed to (i) (except, with regards to the funding of Swingline Advances, any Swingline Lender) fund all or any portion of its Advances within two Business Days of the date such Advances were
required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of
which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Lender, any Swingline Lender or any other Lender
any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Advances) within two Business Days of the date when due, (b) (except, with regards to the funding of Swingline
Advances, any Swingline Lender) has notified the Borrower, the Administrative Agent or any Issuing Lender or Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that
effect (unless such writing or public statement relates to such Lender’s obligation to fund a Advance hereunder and states that such position is based on such Lender’s good faith determination that a condition precedent to funding (which
condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) (except, with regards to the funding of Swingline Advances, any Swingline Lender) has
failed, within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided
that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has,
(i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with
reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other 

  
 6 

 
state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in
that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the
enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the
Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to
Section 2.20(b)) upon delivery of written notice of such determination to the Borrower, each Issuing Lender, each Swingline Lender and each Lender. 
 “Designated Currency” means, (a) for a Revolving Borrowing, the Agreed Currency which is designated for such Revolving Borrowing, (b) for Swingline Advances, the Agreed Currency
which is designated for such Advances, and (c) for any Letter of Credit, the Agreed Currency in which such Letter of Credit is issued. 
 “DNB Markets Fee Letter” means the letter agreement dated as of September 4, 2012 between the Borrower and DNB Markets, Inc., as modified or amended from time to time. 

“Dollars” and “$” means lawful money of the United States of America. 

“Dollar Amount” of any currency at any date shall mean (i) the amount of such currency if such currency is Dollars
or (ii) the equivalent in Dollars of any amount of such currency if such currency is any Foreign Currency, calculated using the Exchange Rate. 
 “Eligible Assignee” means (a) a Lender, (b) an Affiliate of the respective assigning Lender with the approval of the Administrative Agent, the Issuing Lenders and the Swingline
Lenders, which approvals will not be unreasonably withheld, and (c) any other Person (other than a natural person) with the approval of the Administrative Agent, the Issuing Lenders, the Swingline Lenders, and (provided that no Default has
occurred and is continuing) the Borrower, which approvals will not be unreasonably withheld; provided that (i) the Borrower shall be deemed to have approved such assignee unless it shall object thereto by written notice to the Administrative
Agent within 5 Business Days after having received notice thereof, (ii) no Defaulting Lender nor any of its Subsidiaries, nor any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this
clause (ii) shall be qualify as an Eligible Assignee, and (iii) “Eligible Assignee” shall not include the Borrower or any Affiliate or Subsidiary of the Borrower. 

“Eligible Currency” means any Foreign Currency provided that: (a) quotes for loans in such currency are available in
the London interbank deposit market; (b) such currency is freely transferable and convertible into Dollars in the London foreign exchange market, (c) no approval of a Governmental Authority in the country of issue of such currency is
required to permit use of such currency by any Lender or Issuing Lender for making loans or issuing letters of credit, or honoring drafts presented under letters of credit in such currency, and (d) there is no restriction or prohibition under
any applicable Legal Requirements against the use of such currency for such purposes. 
 “EMU” means the
economic and monetary union in accordance with the Treaty of Rome 1957, as amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam Treaty of 1998. 

  
 7 

 “Environmental Claim” means any third party (including governmental
agencies and employees) action, lawsuit, claim, demand, regulatory action or proceeding, order, decree, consent agreement or notice of potential or actual responsibility or violation, including claims or proceedings under any Environmental Law
(“Claims”) or any permit issued under any Environmental Law, including (a) any and all Claims by Governmental Authorities for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any
applicable Environmental Law, and (b) any and all Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from Hazardous Substances or arising from alleged injury or
threat of injury to health or safety in relation to the environment. 
 “Environmental Laws” means any and all
Legal Requirements arising from, relating to, or in connection with the environment, health or safety, relating to (a) the protection of the environment, (b) the effect of the environment on human health, (c) emissions, discharges or
releases of Hazardous Substances into surface water, ground water or land, or (d) the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Substances or wastes or the clean-up or other
remediation thereof. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time
to time. 
 “Euro” and “EUR” mean the lawful currency of the participating member states of the
EMU. 
 “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Federal
Reserve Board (or any successor), as in effect from time to time. 
 “Eurocurrency Adjusted Base
Rate” means, (a) the rate per annum (rounded upward to the nearest whole multiple of 1/100th of 1%) equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as designated by the
Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for deposits in the relevant currency (for delivery on the first day of such Interest Period) with
a term equivalent to such Interest Period, and (b) if the rate as determined under clause (a) is not available at such time for any reason, then the rate determined by the Administrative Agent to be the rate at which deposits in the
relevant currency for delivery on the first day of such Interest Period in immediately available funds in the approximate amount of the Eurocurrency Rate Advance being made, continued or converted by the Administrative Agent and with a term
equivalent to such Interest Period would be offered by the Administrative Agent’s London Branch (or other branch or Affiliate of the Administrative Agent) to major banks in the London interbank market for such currency or, if such market is
unavailable, then the principal offshore interbank market for such currency at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period. 

“Eurocurrency Rate” means (a) with respect to a Eurocurrency Rate Advance (other than an Advance denominated in
Norwegian Kroner) for the relevant Interest Period, the interest rate per annum equal to (i) Eurocurrency Adjusted Base Rate divided by (ii) one minus the reserve percentage (expressed as a decimal, carried out to five decimal places) in
effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the Federal Reserve Board for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve
requirement) with respect to Eurocurrency funding (currently referred to as “eurocurrency liabilities”), and (b) with respect to a Eurocurrency Rate Advance denominated in Norwegian Kroner, the interest rate per annum equal to
(i) the Offshore Rate divided by (ii) one minus the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any

  
 8 

 
Lender, under regulations issued from time to time by the Federal Reserve Board for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve
requirement) with respect to Eurocurrency funding (currently referred to as “eurocurrency liabilities”). It is agreed that for purposes of this definition, Eurocurrency Rate Advances made hereunder shall be deemed to constitute
Eurocurrency Liabilities as defined in Regulation D and to be subject to the reserve requirements of Regulation D. The Eurocurrency Rate for each outstanding Eurocurrency Rate Advance shall be adjusted automatically as of the effective
date of any change in the reserve percentage described in clause (a)(ii) or (b)(ii) above. 
 “Eurocurrency Rate
Advance” means an Advance which bears interest as provided in Section 2.6(b). 
 “Events of
Default” has the meaning set forth in Section 7.1. 
 “Exchange Rate” for a currency means the
rate determined by the Administrative Agent to be the rate quoted by the Administrative Agent as the spot rate for the purchase by the Administrative Agent of such currency with another currency through its principal foreign exchange trading office
at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent may obtain such spot rate from another financial institution designated by the
Administrative Agent if the Administrative Agent does not have as of the date of determination a spot buying rate for any such currency; and provided further that, as to Letters of Credit, the Administrative Agent may use such spot rate quoted on
the date as of which the foreign exchange computation is made in the case of any Letter of Credit denominated in a Foreign Currency. 
 “Excluded Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on
or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender,
its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts
payable to or for the account of such Lender with respect to an applicable interest in an Advance or Revolving Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Advance or Revolving
Commitment (other than pursuant to an assignment request by the Borrower under Section 2.16 or reallocation pursuant to Section 2.20(a)(iv)) or (ii) such Lender changes its lending office, except in each case to the extent that,
pursuant to Section 2.11, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office,
(c) Taxes attributable to such Recipient’s failure to comply with Section 2.11(g) and (d) any U.S. federal withholding Taxes imposed under FATCA. 
 “Existing Credit Agreement” means that certain 5-Year Credit Agreement dated as of April 21, 2008 among the Borrower, Wells Fargo, as administrative agent, and the lenders party
thereto. 
 “Existing Letters of Credit” means those letters of credit issued by Wells Fargo prior
to the Closing Date, for the account of the Borrower, any Subsidiary of the Borrower and set forth on Schedule 1.1(c).  
 “Expiration Date” means, with respect to any Letter of Credit, the date on which such Letter of Credit will expire or terminate in accordance with its terms. 

  
 9 

 “Extension Maturity Date” has the meaning set forth in
Section 2.19(b). 
 “Facility” means, collectively, (a) the revolving credit facility described in
Section 2.1(a), (b) the Swingline Subfacilities, and (c) the letter of credit subfacility described in Section 2.13(a). 
 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more
onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code. 
 “Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal for each day during such period to the weighted average of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day which is a Business Day, the average of the quotations for any such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

 “Federal Reserve Board” means the Board of Governors of the Federal Reserve System or any of its successors.

 “Fee Letters” means the Wells Fargo Fee Letter, the DNB Markets Fee Letter and the Co-Lead Fee Letter.

 “Financial Contract” of a Person means (a) any exchange-traded or over-the-counter futures, forward,
swap or option contract or other financial instrument with similar characteristics, or (b) any Hedging Transaction. 

“Financial Statements” means the financial statements described in Section 4.6. 

“Foreign Currency” means any currency other than Dollars. 

“Foreign Currency Amount” means with respect to an amount denominated in Dollars, the equivalent in a Foreign Currency of
such amount determined at the Exchange Rate for the purchase of such Foreign Currency with Dollars, as determined by the Administrative Agent on the Computation Date applicable to such amount. 

“Foreign Lender” means a Lender that is not a U.S. Person. 

“Foreign Swingline Lender” means the Canadian Swingline Lender, the UK Swingline Lender, or the Norwegian Swingline
Lender. 
 “Foreign Swingline Advance” means any Canadian Swingline Advance, UK Swingline Advance, or Norwegian
Swingline Advance. 
 “Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect
to any Issuing Lender, such Defaulting Lender’s Pro Rata Share of the Letter of Credit Exposure with respect to Letters of Credit issued by such Issuing Lender other than Letter of Credit Obligations as to which such Defaulting Lender’s
participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to any Swingline Lender, such Defaulting Lender’s Pro Rata Share of outstanding Swingline
Advances made by such Swingline Lender other than Swingline Advances as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof. 

  
 10 

 “GAAP” means United States generally accepted accounting principles as in
effect from time to time, applied on a basis consistent with the requirements of Section 1.3. 
 “Governmental
Authority” means any foreign governmental authority (including any supra-national bodies such as the European Union or the European Central Bank), the United States of America, any state of the United States of America and any subdivision
of any of the foregoing, and any agency, central bank, department, commission, board, authority or instrumentality, bureau or court having jurisdiction over any Lender, the Borrower, or the Borrower’s Subsidiaries or any of their respective
Properties. 
 “Hazardous Substance” shall have the meaning assigned to that term in the Comprehensive
Environmental Response Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Acts of 1986, and shall also include substances regulated under any other Environmental Law, including pollutants,
contaminants, petroleum, petroleum products, radionuclides, radioactive materials, and medical and infectious waste. 

“Hazardous Waste” means the substances regulated as such pursuant to any Environmental Law. 

“Hedging Transactions” means any transaction (including an agreement with respect thereto) now existing or hereafter
entered into by a Person which is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap
transaction, floor transaction, collar transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these
transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures. 
 “Hedging Obligations” of a Person means, without duplication, any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising,
evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and all Hedging Transactions, and (b) any and all cancellations, buy backs, reversals, terminations or
assignments of any Hedging Transactions. 
 “Indebtedness” of a Person means, without duplication, such
Person’s (a) obligations for borrowed money (regardless of whether such obligations would be, in accordance with GAAP, shown as a short term debt or long term debt on the consolidated balance sheet of such Person), (b) obligations
representing the deferred purchase price of Property or services (other than accounts payable arising in the ordinary course of such Person’s business payable on terms customary in the trade and any other amounts that are being contested and
for which adequate reserves have been established), (c) obligations of others which such Person has directly or indirectly, whether or not assumed, secured by Liens or payable out of the proceeds or production from Property now or hereafter
owned or acquired by such Person (but, if not otherwise assumed, limited to the extent of such Property’s fair market value), guaranteed or otherwise provided credit support therefore, (d) to the extent not included in clause
(a) above, any obligations which are evidenced by notes, acceptances, or other instruments, (e) reimbursement obligations of such Person in respect of drawn or funded letters of credit, surety bonds, acceptance facilities, or drafts or
similar instruments issued or accepted by banks and other financial institutions for the account of such Person; (f) obligations of such Person to purchase securities or other Property arising out of or in connection with the sale of the same
or substantially similar securities or Property, (g) Capitalized Lease Obligations, (h) Net Mark-to-Market Exposure under Hedging Transactions and other Financial Contracts, (i) Hedging Obligations, and (j) any other financial
accommodation which in accordance with GAAP would be shown as a short term debt or long term debt on the consolidated balance sheet of such Person. 

  
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 “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes,
imposed on or with respect to any payment made by or on account of any obligation of the Borrower under any Credit Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Index Debt” means senior, unsecured, long-term indebtedness for borrowed money of the Borrower that is not guaranteed by
any other Person or subject to any other credit enhancement. 
 “Interest Period” means, for each Eurocurrency
Rate Advance comprising part of the same Borrowing, the period commencing on the date of such Advance or the date of the Conversion of any Adjusted Base Rate Advance into a Eurocurrency Rate Advance and ending on the last day of the period selected
by the Borrower pursuant to the provisions below and Section 2.2 and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by the Borrower
pursuant to the provisions below and Section 2.2. The duration of each such Interest Period shall be one, two, three or six months, in each case as the Borrower may select upon notice received by the Administrative Agent not later than 12:00
p.m. (Houston, Texas time) on the day required under Section 2.2 in connection with a Revolving Borrowing of such Type of Advance; provided, however, that: 
 (a) Interest Periods commencing on the same date for Advances comprising part of the same Borrowing shall be of the same duration; 
 (b) whenever the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business
Day, provided that if such extension would cause the last day of such Interest Period to occur in the next following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; 

(c) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month in which it would have ended if there were a numerically corresponding day in such calendar month; and 

(d) no Interest Period shall end after the Maturity Date. 
 “Issuing Lender” means (a) with respect to each Existing Letter of Credit, the Lender that issued such Letter of Credit, (b) with respect to all other Letters of Credit, Wells
Fargo in its capacity as an issuer of Letters of Credit hereunder and up to three other Lenders designated in writing to the Administrative Agent by the Borrower (and consented to by such Lender) as an issuer of Letters of Credit, in their
respective capacity as an issuer of Letters of Credit hereunder, and (c) any Lender acting as a successor issuing lender pursuant to Section 8.6. 
 “Legal Requirement” means any law, statute, ordinance, decree, requirement, order, judgment, injunction, rule, regulation or other restriction (or official interpretation of any of the
foregoing) of, and the terms of any license, permit, concession, grant or franchise issued by, any Governmental Authority. 

  
 12 

 “Lenders” means each of the lenders party to this Agreement, including each
Eligible Assignee that shall become a party to this Agreement pursuant to Section 9.6 and, unless the context requires otherwise, including a lender in its capacity as a Swingline Lender. 

“Lending Office” means, with respect to each Lender, the “Lending Office” of such Lender (or an Affiliate of
such Lender) designated for each Type of Advance in the Administrative Questionnaire submitted by such Lender or such other office of such Lender (or an Affiliate of such Lender) as such Lender may from time to time specify to the Administrative
Agent and the Borrower as the office by which its Advances of such Type are to be made and maintained. 
 “Letter of
Credit” means, individually, any letter of credit issued by any Issuing Lender under the Facility which is subject to this Agreement, including the letters of credit described on Schedule 1.1(c). 

“Letter of Credit Documents” means, with respect to any Letter of Credit, such Letter of Credit and any agreements,
documents, and instruments entered into in connection with or relating to such Letter of Credit. 
 “Letter of Credit
Exposure” means, at any time, the Dollar Amount of the sum of (a) the aggregate undrawn maximum face amount of each Letter of Credit at such time and (b) the aggregate unpaid amount of all Reimbursement Obligations related to
Letters of Credit at such time. 
 “Letter of Credit Obligations” means the obligations, whether actual or
contingent, of the Borrower under this Agreement in connection with the Letters of Credit. 
 “Lien” means any
lien (statutory or otherwise), mortgage, pledge, hypothecation, assignment, deposit arrangement, charge, deed of trust, security interest, encumbrance or other type of preferential arrangement, priority or other security agreement of any kind or
nature whatsoever to secure or provide for the payment of any obligation of any Person, whether arising by contract, operation of law or otherwise (including the interest of a vendor or lessor under any conditional sale agreement, Capital Lease or
other title retention agreement). 
 “Majority Lenders” means, as of the date of determination, two or more
Lenders holding more than 50% of the sum of the unutilized aggregate Revolving Commitments plus the Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in Letter of Credit Obligations and in the
Swingline Advances being deemed “held” by such Lender for purposes of this definition) The Revolving Commitments and Outstandings of any Defaulting Lender shall be disregarded in determining Majority Lenders at any time. 

“Mandatory Cost Rate” means, with respect to any period, the percentage rate per annum determined in accordance with
Schedule 1.1(b). 
 “Mandatory Revolving Borrowing” means a Revolving Borrowing comprised of Adjusted Base Rate
Advances or Eurocurrency Rate Advances made to repay a Swingline Advance as provided in Section 2.1(b) or to reimburse an Issuing Lender for unpaid Reimbursement Obligations as provided in Section 2.13(d). 

“Material Adverse Effect” means a material adverse effect on (a) the business, Property, condition (financial or
otherwise), or results of operations of the Borrower and its Subsidiaries taken as a whole, (b) the ability of the Borrower to perform its obligations under the Credit Documents to which it is a party, or (c) the validity or enforceability
of any of the Credit Documents or the rights or remedies of the Administrative Agent or the Lenders thereunder. 

  
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 “Maturity Date” means September 28, 2017, as such date may be extended
under Section 2.19. 
 “Maximum Rate” means, as to any particular Lender, the maximum nonusurious interest
rate permitted to such Lender under applicable Legal Requirements. 
 “Minimum Collateral Amount” means, at any
time, (i) with respect to Cash Collateral for Letters of Credit, consisting of cash or deposit account balances in an amount equal to 100% of the Fronting Exposure of all Issuing Lenders with respect to Letters of Credit issued and outstanding
at such time, and (ii) with respect to Cash Collateral for Swingline Advances, consisting of cash or deposit account balances in an amount equal to 100% of the Fronting Exposure of all Swingline Lenders with respect to Swingline Advances
outstanding at such time. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto
which is a nationally recognized statistical rating organization. 
 “Multiemployer Plan” means a Plan
maintained pursuant to a collective bargaining agreement or any other arrangement to which the Borrower or any member of the Controlled Group is a party to which more than one employer is obligated to make contributions. 

“Net Mark-to-Market Exposure” of a Person means, as of any date of determination, the excess (if any) of all Unrealized
Losses over all Unrealized Profits of such Person arising from Hedging Transactions. Notwithstanding the foregoing, “Net Mark-to-Market Exposure” shall be determined excluding recognized but unrealized gains and/or losses
attributable to commodity, foreign currency or interest rate derivative instruments determined under the provisions of FASB 133, as the same may be further amended, modified or clarified by the FASB. 

“Non-Approving Lender” means any Lender that does not approve any consent, waiver or amendment of or under any Credit
Document that (i) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 9.1 and (ii) has been approved by the Majority Lenders. 

“Non-Consenting Lender” has the meaning set forth in Section 2.19(b). 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time. 

“Norwegian Kroner” or “NOK” means lawful money of the Kingdom of Norway. 

“Norwegian Swingline Advance” has the meaning set forth in Section 2.1(b). 

“Norwegian Swingline Lender” means DNB Bank ASA as the swing line lender for the Norwegian Swingline Advances, or any
successor swing line lender hereunder. 
 “Note” means a Revolving Note or a Swingline Note. 

“Notice of Borrowing” means a notice of borrowing in the form of the attached Exhibit C and signed by a Responsible
Officer of the Borrower or by an Authorized Agent on behalf of the Borrower. 
 “Notice of Conversion or
Continuation” means a notice of conversion or continuation in the form of the attached Exhibit D and signed by a Responsible Officer of the Borrower or by an Authorized Agent on behalf of the Borrower. 

  
 14 

 “Obligations” means all Advances, Reimbursement Obligations, and any other
fees, expenses, reimbursements, indemnities or other obligations payable by the Borrower to the Administrative Agent, the Lenders, the Issuing Lenders, the Swingline Lenders or any other indemnified party under the Credit Documents. 

“OFAC” means The Office of Foreign Assets Control of the U.S. Department of the Treasury. 

“Offshore Rate” means, for any Interest Period with respect to an Eurocurrency Advance Rate denominated in Norwegian
Kroner, the rate per annum (rounded upwards to the next 1/16 of 1%), as determined by the Administrative Agent, to be the rate at which deposits of Norwegian Kroner in immediately available funds for delivery on the first day of such Interest Period
are being made or continued to leading banks in the offshore interbank market for Norwegian Kroner in the approximate amount of such Eurocurrency Advance Rate and for a maturity comparable to such Interest Period as determined by the Administrative
Agent at approximately 11 AM London time (or such other time and day as the Administrative Agent may determine) 2 business days prior to the commencement of such Interest Period. 

“Operating Lease” of a Person means any lease of Property (other than a Capital Lease) by such Person as lessee which has
an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more. 

“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former
connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or
perfected a security interest under, engaged in any other transaction pursuant to or enforced any Credit Document, or sold or assigned an interest in any Advance or Credit Document). 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes
that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Credit Document, except any such Taxes
that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.16). 
 “Outstandings” means, as of the date of determination, the sum of (a) Dollar Amount of the aggregate outstanding principal amount of the Revolving Advances and the Swingline Advances
plus (b) the Dollar Amount of the Letter of Credit Exposure. 
 “Overnight Rate” means, for any day,
(a) with respect to any amount denominated in Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the Administrative Agent, applicable Issuing Lender, or applicable Swingline Lender, as the case
may be, in accordance with banking industry rules on interbank compensation, and (b) with respect to any amount denominated in a Foreign Currency, the rate of interest per annum at which overnight deposits in such Foreign Currency, in an amount
approximately equal to the amount with respect to which such rate is being determined, would be offered for such day by a branch or Affiliate of the Administrative Agent, applicable Issuing Lender or applicable Swingline Lender in the applicable
offshore interbank market for such currency to major banks in such interbank market. 
 “Participant Register”
has the meaning specified in Section 9.6(e). 
 “Participating Member State” means each state so described
in any EMU Legislation. 

  
 15 

 “PBGC” means the Pension Benefit Guaranty Corporation or any entity
succeeding to any or all of its functions under ERISA. 
 “Permitted Liens” means the Liens permitted to exist
pursuant to Section 6.1. 
 “Person” means an individual, partnership, corporation (including a business
trust), joint stock company, trust, unincorporated association, limited liability company, joint venture or other entity, or a government or any political subdivision or agency thereof or any trustee, receiver, custodian or similar official.

 “Plan” means an employee benefit plan (other than a Multiemployer Plan) maintained for employees of the
Borrower or any member of the Controlled Group and covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Code. 
 “Pounds Sterling” and/or “£” means lawful money of the United Kingdom of Great Britain and Northern Ireland. 

“Present Maturity Date” has the meaning set forth in Section 2.19(b). 

“Prime Rate” means at any time the rate of interest most recently announced by Wells Fargo at its principal office in San
Francisco, California as its prime rate, whether or not the Borrower has notice thereof, with the understanding that the Prime Rate is one of Wells Fargo’s base rates and serves as the basis upon which effective rates of interest are calculated
for those loans making reference thereto, and is evidenced by the recording thereof after its announcement in such internal publication or publications as Wells Fargo may designate. Each change in the Prime Rate shall be effective on the day the
change is announced by Wells Fargo. 
 “Pro Rata Share” means, as to each Lender (a) the ratio (expressed
as a percentage) of such Lender’s Revolving Commitment at such time to the aggregate Revolving Commitments at such time, (b) if the Revolving Commitments have been terminated, the ratio (expressed as a percentage) of the sum of such
Lender’s aggregate outstanding Revolving Advances and participation interest in the Letter of Credit Exposure and the Swingline Advances at such time to the aggregate outstanding Revolving Advances, Swingline Advances, and Letter of Credit
Exposure of all the Lenders at such time, or (c) if the Revolving Commitments have been terminated, all Letter of Credit Obligations have been paid in full, all Letters of Credit have been terminated or expired and all Advances have been paid
in full, the ratio (expressed as a percentage) that was most recently in effect. 
 “Property” of any Person
means any and all property (whether real, personal, or mixed, tangible or intangible) or other assets owned, leased or operated by such Person. 
 “Recipient” means (a) the Administrative Agent, (b) any Lender and (c) any Issuing Lender, as applicable. 

“Register” has the meaning set forth in paragraph (d) of Section 9.6. 

“Reimbursement Obligations” means all of the obligations of the Borrower set forth in Section 2.13(d). 

“Reportable Event” means any of the events set forth in Section 4043(b) of ERISA and the regulations issued under
such section, with respect to a Plan. 

  
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 “Responsible Officer” means the Chief Executive Officer, the President, the
Chief Financial Officer, any Vice President, any Treasurer, any Assistant Treasurer, any Secretary, any Assistant Secretary or Manager of any Person. 
 “Restricted Payment” means (a) any direct or indirect payment (other than scheduled payments), prepayment, redemption, defeasance, retirement, purchase of, or other acquisition of or
deposit of funds or Property for the payment (other than scheduled payments), prepayment, redemption, defeasance, retirement, or purchase of Senior Notes, and (b) the making by any Person of any dividends or other distributions (in cash,
property, or otherwise) on, or payment for the purchase, redemption or other acquisition or retirement of, any shares of any capital stock or other ownership interests of such Person, other than dividends payable in such Person’s stock or
ownership interests. 
 “Revolving Advance” means an advance made by a Lender to the Borrower pursuant to
Section 2.1(a). 
 “Revolving Borrowing” means a borrowing consisting of simultaneous Revolving Advances
made by each Lender pursuant to Section 2.1(a) or Converted by each Lender to Revolving Advances of a different Type pursuant to Section 2.2(b). 
 “Revolving Commitment” means, with respect to any Lender, the amount set opposite such Lender’s name on Schedule 1.1(a) as its Revolving Commitment, or if such Lender has entered
into any Assignment and Acceptance or such Lender is an Additional Lender, the amount set forth for such Lender as its Revolving Commitment in the Register maintained by the Administrative Agent pursuant to Section 9.6(d), as such amount may be
reduced pursuant to Section 2.4 or increased pursuant to Section 2.15 or 2.16. 
 “Revolving Note”
means a promissory note of a Borrower payable to the order of any Lender, in substantially the form of the attached Exhibit E evidencing Indebtedness of such Borrower to such Lender resulting from Revolving Advances owing to such Lender.

 “S&P” means Standard & Poor’s Ratings Service, a division of The McGraw-Hill Companies,
Inc., or any successor thereof which is a nationally recognized statistical rating organization. 
 “Sanctioned
Entity” means (a) a country or a government of a country, (b) an agency of the government of a country, (c) an organization directly or indirectly controlled by a country or its government, or (d) a Person resident in a
country, in each case, that is subject to a country sanctions program administered and enforced by OFAC. 
 “Sanctioned
Person” means a person named on the list of Specially Designated Nationals maintained by OFAC. 
 “SEC”
means the United States Securities and Exchange Commission. 
 “Senior Notes” means any senior debt securities
of the Borrower. 
 “Senior Note Documents” means any indenture, note or other agreement evidencing or governing
the Senior Notes, as such indenture, note or other agreement may be amended, supplemented or otherwise modified as permitted hereby. 

  
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 “Significant Subsidiary” means any Subsidiary of the Borrower (a) with
net book value in excess of $100,000,000, calculated as of the end of the most recent fiscal quarter end or (b) whose revenues for the immediately preceding twelve month period exceeded $100,000,000. 

“Subsidiary” of a Person means any corporation, association, partnership, limited liability company, or other business
entity of which more than 50% of the outstanding shares of capital stock (or other equivalent interests) having by the terms thereof ordinary voting power under ordinary circumstances to elect a majority of the board of directors or Persons
performing similar functions (or, if there are no such directors or Persons, having general voting power) of such entity (irrespective of whether at the time capital stock (or other equivalent interests) of any other class or classes of such entity
shall or might have voting power upon the occurrence of any contingency) is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more Subsidiaries of such Person or by one or more Subsidiaries of such
Person. 
 “Swingline Advance” means a US Swingline Advance, a Canadian Swingline Advance, a UK Swingline
Advance, or a Norwegian Swingline Advance. 
 “Swingline Borrowing” means the making of a Swingline Advance by a
Swingline Lender under Section 2.1(b). 
 “Swingline Due Date” means the 14th and the last day of each calendar month. 

“Swingline Lender” means the US Swingline Lender, Canadian Swingline Lender, UK Swingline Lender, or the Norwegian
Swingline Lender. 
 “Swingline Rate” means, as to any Swingline Advance, the Adjusted Base Rate plus the
Applicable Margin for Adjusted Base Rate Advances or such other rate per annum agreed to from time to time in writing between the Borrower and the applicable Swingline Lender. 
 “Swingline Note” means a promissory note of the Borrower payable to the order of the applicable Swingline Lender in substantially the form of the attached Exhibit F, evidencing the
Indebtedness of the Borrower to such Swingline Lender from Swingline Advances owing to such Swingline Lender. 

“Swingline Subfacilities” means the revolving credit facilities as provided by the applicable Swingline Lenders, in
either case, as provided under Section 2.1(b) as a subfacility of the Facility. 
 “TARGET Day” means any
day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment system or the TARGET2 payment system (or, if either of such payment systems cease to be operative, such other payment system (if
any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro. 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup
withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 “Termination Event” means (a) the occurrence of a Reportable Event with respect to a Plan, as described in Section 4043 of ERISA and the regulations issued thereunder (other
than a Reportable Event not subject to the provision for 30-day notice to the PBGC under such regulations), (b) the withdrawal of the Borrower or any of its Affiliates from a Plan during a plan year in which it was a “substantial
employer” as defined in Section 4001(a)(2) of ERISA, (c) the giving of a notice of intent to terminate a Plan under Section 4041(c) of ERISA, (d) the institution of proceedings to terminate a Plan by the PBGC, or
(e) any other event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan. 

  
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 “Total Capitalization Ratio” means, as of any date of calculation, the
ratio of the Borrower’s Total Funded Consolidated Indebtedness outstanding on such date to its Total Consolidated Capitalization outstanding on such date. 
 “Total Consolidated Capitalization” means the sum of the Total Funded Consolidated Indebtedness and Consolidated Net Worth. 

“Total Funded Consolidated Indebtedness” means at any time the aggregate Dollar Amount of Indebtedness of the Borrower
and its Subsidiaries which is (a) of the type described in clause (a), (d), (e), (g) or (j) of the definition of “Indebtedness” or (b) of the type described in clause (c) of the definition of
“Indebtedness” to the extent that such lien secures or such guaranty covers Indebtedness of the type described in clause (a), (d), (e), (g) or (j) of the definition of “Indebtedness”. 

“Type” has the meaning set forth in Section 1.4. 

“U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the
Code. 
 “UK Swingline Advance” has the meaning set forth in Section 2.1(b). 

“UK Swingline Lender” means Barclays Bank plc as the swing line lender for the UK Swingline Advances, or any successor
swing line lender hereunder. 
 “U.S. Tax Compliance Certificate” has the meaning assigned to such term in
paragraph (f) of Section 2.11(g). 
 “Unrealized Losses” means, with respect to any Hedging
Transaction, the fair market value of the cost to such Person of replacing such Hedging Transaction as of the date of determination (assuming such Hedging Transaction were to be terminated as of that date). 

“Unrealized Profits” means, with respect to any Hedging Transaction, the fair market value of the gain to such Person of
replacing such Hedging Transaction as of the date of determination (assuming such Hedging Transaction were to be terminated as of that date). 
 “US Swingline Advance” has the meaning set forth in Section 2.1(b). 
 “US Swingline Lender” means Wells Fargo as the swing line lender for the US Swingline Advances, or any successor swing line lender hereunder. 

“Wells Fargo” means Wells Fargo Bank, National Association. 

“Wells Fargo Fee Letter” means the letter agreement dated as of September 4, 2012 among the Borrower, Wells Fargo
and Wells Fargo Securities, LLC, as modified or amended from time to time. 
 “Withholding Agent” means the
Borrower and the Administrative Agent. 
 Section 1.2 Computation of Time Periods. In this Agreement in the
computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each means “to but excluding”. 

  
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 Section 1.3 Accounting Terms; Changes in GAAP; Foreign Currency Limits.

 (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a
consistent basis with those applied in the preparation of the Financial Statements. 
 (b) Unless otherwise indicated, all
financial statements of the Borrower, all calculations for compliance with covenants in this Agreement, and all calculations of any amounts to be calculated under the definitions in Section 1.1 shall be based upon the Consolidated accounts of
the Borrower and its Subsidiaries in accordance with GAAP. 
 (c) If any changes in accounting principles after the Closing Date
are required by GAAP or the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or similar agencies results in a change in the method of calculation of, or affects the results of such calculation of, any of
the financial covenants, standards or terms found in this Agreement, then the parties shall enter into and diligently pursue negotiations in order to amend such financial covenants, standards or terms so as to equitably reflect such change, with the
desired result that the criteria for evaluating the Borrower’s and its Consolidated Subsidiaries’ financial condition shall be the same after such change as if such change had not been made. 

(d) Wherever in this Agreement in connection with a Revolving Borrowing, a Swingline Borrowing, Conversion, continuation or prepayment of
a Eurocurrency Rate Advance, or the issuance, amendment or extension of a Letter of Credit, an amount (such as a required minimum or multiple amount) is expressed in Dollars, but such Borrowing, Eurocurrency Rate Advance, or Letter of Credit is
denominated in a Foreign Currency, such amount shall be the equivalent in a Foreign Currency of such amount determined at the Exchange Rate for the purchase of such Foreign Currency with Dollars, as determined by the Administrative Agent on the
Computation Date applicable to such amount (rounded to the nearest unit of such Foreign Currency, with 0.5 of a unit being rounded upward). 
 Section 1.4 Types of Advances. Advances are distinguished by “Type”. The “Type” of an Advance refers to the determination whether such Advance is a Eurocurrency Rate
Advance, an Adjusted Base Rate Advance, a Canadian Swingline Advance, a Norwegian Swingline Advance, a UK Swingline Advance, or a US Swingline Advance, each of which constitutes a Type. 

Section 1.5 Change of Currency. 
 (a) Each obligation of the Borrower to make a payment denominated in the national currency unit of any member state of the European Union that adopts the Euro as its lawful currency after the date hereof
shall be redenominated into Euro at the time of such adoption (in accordance with the EMU Legislation). If, in relation to the currency of any such member state, the basis of accrual of interest expressed in this Agreement in respect of that
currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such convention or practice with effect from the
date on which such member state adopts the Euro as its lawful currency. 
 (b) Each provision of this Agreement shall be subject
to such reasonable changes of construction as the Administrative Agent, upon consultation with the Borrower, may from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any
relevant market conventions or practices relating to the Euro. 

  
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 (c) Each provision of this Agreement also shall be subject to such reasonable changes of
construction as the Administrative Agent, upon consultation with the Borrower, may from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices relating to the
change in currency. 
 Section 1.6 Miscellaneous. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Article, Section, Schedule and Exhibit
references are to Articles and Sections of and Schedules and Exhibits to this Agreement, unless otherwise specified. 

ARTICLE II 

THE ADVANCES AND THE LETTERS OF CREDIT 
 Section 2.1 The Advances. 
 (a) Revolving Advances. Each Lender
severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Advances to the Borrower from time to time on any Business Day prior to the Maturity Date in an aggregate amount not to exceed at any time outstanding an
amount equal to such Lender’s Revolving Commitment less the sum of the Dollar Amount of (i) the aggregate principal amount of Revolving Advances owing to such Lender at such time, (ii) such Lender’s Pro Rata Share of the
aggregate of the Letter of Credit Exposure at such time, and (iii) such Lender’s Pro Rata Share of the Swingline Advances; provided that, (A) before and after giving effect to such Borrowing, the aggregate Dollar Amount of all
outstanding Revolving Advances, Swingline Advances and Letter of Credit Exposure at any time may not exceed the aggregate Revolving Commitments at such time, (B) such Revolving Advances may be denominated and funded in any Agreed Currency and
(C) before and after giving effect to such Borrowing, the aggregate Dollar Amount of all outstanding Revolving Advances, Swingline Advances and Letter of Credit Exposure which are denominated in Norwegian Kroner may not exceed $500,000,000 at
any time. Within the limits of each Lender’s Revolving Commitment, the Borrower may from time to time prepay pursuant to Section 2.7 and reborrow under this Section 2.1(a). 

(b) Swingline Advances. 
 (i) On the terms and conditions set forth in this Agreement, (A) the US Swingline Lender agrees to, from time-to-time on any Business Day during the period from the date of this Agreement until the
Maturity Date, make advances (“US Swingline Advances”) to the Borrower in an aggregate principal amount not to exceed $200,000,000 outstanding at any time and denominated in US Dollars; (B) the Canadian Swingline Lender agrees
to, from time-to-time on any Business Day during the period from the date of this Agreement until the Maturity Date, make advances (“Canadian Swingline Advances”) to the Borrower in an aggregate principal amount not to exceed
$100,000,000 outstanding at any time and denominated in Canadian Dollars or US Dollars; (C) the Norwegian Swingline Lender agrees to, from time-to-time on any Business Day during the period from the date of this Agreement until the Maturity
Date, make advances (“Norwegian Swingline Advances”) to the Borrower in an aggregate principal amount not to exceed $100,000,000 outstanding at any time and denominated in Norwegian Kroner or US Dollars; provided that, before and
after giving effect to such Borrowing, the aggregate Dollar Amount of all outstanding Revolving Advances, Swingline Advances and Letter of Credit Exposure which are denominated in Norwegian Kroner may not exceed $500,000,000 at any time; and
(D) the UK Swingline Lender agrees to, from time-to-time on any Business Day during the period from the date of this Agreement until the Maturity Date, make advances (“UK Swingline Advances”) to the Borrower in an aggregate
principal amount not to exceed $100,000,000 outstanding at any time and denominated in Pounds Sterling or US Dollars; 

  
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 provided that, (x) with respect to all Swingline Subfacilities, before and after
giving effect to any such Borrowing, the aggregate Dollar Amount of the sum of all outstanding Revolving Advances, Swingline Advances and the Letter of Credit Exposure may not exceed the aggregate Revolving Commitments at such time; (y) with
respect to all Swingline Subfacilities, no Swingline Advance shall be made if the statements set forth in Section 3.2 are not true on the date of the making of such Swingline Advance, it being agreed by the Borrower that the giving of the
applicable Notice of Borrowing and the acceptance by the Borrower of the proceeds of such Swingline Advance shall constitute a representation and warranty by the Borrower that on the date of such Swingline Advance such statements are true; and
(z) with respect to any Foreign Swingline Advance, whether denominated in US Dollars or any Foreign Currency, such Foreign Swingline Advance shall be in a minimum amount of $500,000. Subject to the other provisions hereof, the Borrower may from
time-to-time borrow, prepay (in whole or in part) and reborrow Swingline Advances. Immediately upon the making of a Swingline Advance, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable
Swingline Lender a risk participation in such Swingline Advance in an amount equal to its Pro Rata Share of such Swingline Advance. 
 (ii) Except as provided in the following clause (iv) below, each request for a US Swingline Advance shall be made pursuant to telephone notice to the US Swingline Lender given no later than 1:00 p.m.
(Houston, Texas time) on the date of the proposed Swingline Advance, promptly confirmed by a completed and executed Notice of Borrowing faxed to the Administrative Agent. The US Swingline Lender will promptly (but in any event prior to 3:00 p.m.
(Houston, Texas time) on the date of such proposed US Swingline Advance make such US Swingline Advance available to the Borrower at the Borrower’s account with the Administrative Agent or such other accounts as may be designated by the
Borrower. 
 (iii) Except as provided in the following clause (iv) below, each request for a Foreign
Swingline Advance shall be made pursuant to telephone notice to the applicable Foreign Swingline Lender, together with a written notice to the Administrative Agent, given no later than 10:00 a.m. in the Applicable Time specified by the applicable
Foreign Swingline Lender, promptly confirmed by a completed and executed Notice of Borrowing faxed to the applicable Foreign Swingline Lender and the Administrative Agent. If, on the date such request is made, the Dollar Amount of the sum of the
outstanding Revolving Advances and the Letter of Credit Exposure is equal to or less than 50% of the aggregate Revolving Commitments, then subject to the terms and conditions hereof, the applicable Foreign Swingline Lender will, not later than 2:00
p.m. (in the Applicable Time) on the borrowing date specified for such Swingline Advance, make the amount of such Swingline Advance available at the Borrower’s account with the Administrative Agent or such other accounts as may be designated by
the Borrower. However, if on the date such request is made, the Dollar Amount of the sum of the outstanding Revolving Advances and the Letter of Credit Exposure is greater than 50% of the aggregate Revolving Commitments, then (A) promptly after
receipt by the applicable Foreign Swingline Lender of any request for a Foreign Swingline Advance, the applicable Foreign Swingline Lender will confirm with the Administrative Agent that the Administrative Agent has also received such request and,
if not, the applicable Foreign Swingline Lender will notify the Administrative Agent of the contents thereof, and (B) unless the applicable Foreign Swingline Lender has received notice in writing from the Administrative Agent (including at the
request of any Lender) prior to 2:00 p.m. (in the Applicable Time) on the date of the proposed Swingline Advance directing the applicable Foreign Swingline Lender not to make such Swingline Advance as a result of the limitations set

  
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forth in the first proviso of Section 2.1(b) above then, subject to the terms and conditions hereof, the applicable foreign Swingline Lender will, not later than 3:00 p.m. (in the Applicable
Time) on the borrowing date specified for such Swingline Advance, make the amount of such Swingline Advance available at the Borrower’s account with the Administrative Agent or such other accounts as may be designated by the Borrower.

 (iv) With respect to Swingline Advances denominated in Dollars, each Swingline Lender at any time in its sole
and absolute discretion may request, on behalf of the Borrower (which hereby irrevocably authorizes each Swingline Lender to so request on its behalf), that each Lender make an Adjusted Base Rate Advance in an amount equal to such Lender’s Pro
Rata Share of such Swingline Advances in order to refinance such Swingline Advances. With respect to Foreign Swingline Advances, each Swingline Lender in its sole and absolute discretion may request, on behalf of the Borrower (which hereby
irrevocably authorizes each Swingline Lender to so request on its behalf), that each Lender make a Eurocurrency Rate Advance in the same Foreign Currency, in an amount equal to such Lender’s Pro Rata Share of such Swingline Advances and with
Interest Period of one month. The applicable Swingline Lender shall give the Administrative Agent notice of such Mandatory Revolving Borrowing (A) by 12:00 p.m. (Houston, Texas time) on the date before the proposed Mandatory Revolving Borrowing
is to be made in the case of an Adjusted Base Rate Advance and (B) by 12:00 p.m. (Houston, Texas time) on the fourth Business Day before the date of such proposed Mandatory Revolving Borrowing in the case of a Eurocurrency Rate Advance
denominated in a Foreign Currency, which notice the Administrative Agent will promptly forward to each Lender. Each Lender shall make its Revolving Advance available to the Administrative Agent for the account of the applicable Swingline Lender in
immediately available funds by 2:00 p.m. (Houston, Texas time) on the date requested, and the Borrower hereby irrevocably instructs the applicable Swingline Lender to apply the proceeds of such Mandatory Revolving Borrowing to the payment of the
outstanding Swingline Advances. 
 (v) If for any reason any Swingline Advance cannot be refinanced by a
Revolving Borrowing in accordance with clause (iv) above, the request for the Revolving Advances submitted by the applicable Swingline Lender as set forth therein shall be deemed to be a request by such Swingline Lender that each of the Lenders
fund its risk participation in the relevant Swingline Advances and each Lender’s payment to the Administrative Agent for the account of the applicable Swingline Lender pursuant to clause (iv) above shall be deemed payment in respect of
such participation. 
 (vi) If any Lender fails to make available to the Administrative Agent for the account of
the applicable Swingline Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.1(b) by the time specified in this Section 2.1(b), such Swingline Lender shall be entitled to recover from
such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to such Swingline Lender at a rate
per annum equal to the applicable Overnight Rate from time to time in effect. A certificate of such Swingline Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be
conclusive absent manifest error. 
 (vii) Each Lender’s obligation to make the Revolving Advances or to
purchase and fund risk participations in Swingline Advances pursuant to this Section 2.1(b) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or
other right which such Lender may have against any 

  
 23 

 
Swingline Lender, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, (C) whether or not the conditions precedent in
Section 3.2 have been satisfied, (D) termination of the Revolving Commitments or acceleration of the Advances, and (E) any other occurrence, event or condition, whether or not similar to any of the foregoing. No such funding of risk
participations shall relieve or otherwise impair the obligation of the Borrower to repay Swingline Advances, together with interest as provided herein. 
 (viii) At any time after any Lender has purchased and funded a risk participation in a Swingline Advance, if the applicable Swingline Lender receives any payment on account of such Swingline Advance, such
Swingline Lender will distribute to such Lender its Pro Rata Share of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s risk participation was funded) in the same
funds as those received by such Swingline Lender. 
 (ix) Each Swingline Lender shall be responsible for
invoicing the Borrower for interest on the Swingline Advances made by such Swingline Lender. Until a Lender funds its Adjusted Base Rate Advance, Eurocurrency Rate Advance or risk participation pursuant to this Section 2.1(b) to refinance such
Lender’s Pro Rata Share of any Swingline Advance, interest in respect of such Pro Rata Share shall be solely for the account of the applicable Swingline Lender. 

(x) The Borrower shall make all payments of principal and interest in respect of any Swingline Advances directly to the
applicable Swingline Lender. 
 (xi) For purposes of calculating outstandings under this Agreement (a) on
each March 31, June 30, September 30 and December 31, commencing September 30, 2012, and (b) from time to time as the Administrative Agent may request, each Swingline Lender shall provide the Administrative
Agent with a daily log, in form and detail reasonably acceptable to the Administrative Agent, setting forth the outstanding Dollar Amount of the Swingline Advances made by such Swingline Lender using the Exchange Rate as most recently determined by
the Administrative Agent. 
 Section 2.2 Method of Borrowing. 

(a) Notice. Each Revolving Borrowing shall be made pursuant to a Notice of Borrowing and given: 

(i) by the Borrower to the Administrative Agent not later than 12:00 p.m. (Houston, Texas time) on the fourth
Business Day before the date of the proposed Borrowing in the case of a Eurocurrency Rate Advance denominated in a Foreign Currency, 
 (ii) by the Borrower to the Administrative Agent not later than 12:00 p.m. (Houston, Texas time) on the third Business Day before the date of the proposed Borrowing in the case of a Eurocurrency Rate
Advance denominated in Dollars, and 
 (iii) by the Borrower to the Administrative Agent not later than
12:00 p.m. (Houston, Texas time) one Business Day before the date of the proposed Borrowing in the case of an Adjusted Base Rate Advance. 

  
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 The Administrative Agent shall give each Lender prompt notice on the day of receipt of timely Notice of
Borrowing of such proposed Borrowing by facsimile. Each Notice of Borrowing shall be by telephone or facsimile, and if by telephone, confirmed promptly in writing (which confirmation may be provided by facsimile or with a “PDF” file
delivered in an e-mail with a return acknowledgment requested), specifying the (i) requested date of such Borrowing (which shall be a Business Day), (ii) requested Type of Advances comprising such Borrowing, (iii) aggregate amount of
such Borrowing, (iv) if such Borrowing is to be comprised of Eurocurrency Rate Advances, the Interest Period for each such Advance, and (v) the Designated Currency of such Borrowing. In the case of a proposed Borrowing comprised of
Eurocurrency Rate Advances, the Administrative Agent shall promptly notify each Lender of the applicable interest rate under Section 2.6(b). Each Lender shall, before 3:00 p.m. (Houston, Texas time) on the date of the proposed Borrowing,
make available for the account of its Lending Office to the Administrative Agent at its address referred to in Section 9.2, or such other location as the Administrative Agent may specify by notice to the Lenders, in same day funds, such
Lender’s Pro Rata Share of such Borrowing. Promptly upon the Administrative Agent’s receipt of such funds (but in any event not later than 4:00 p.m. (Houston, Texas time) on the date of the proposed Borrowing) and provided that the
applicable conditions set forth in Article III have been satisfied, the Administrative Agent will make such funds available to the Borrower at its account with the Administrative Agent. 

(b) Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same Revolving
Borrowing under this Section, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation to the Administrative Agent at the Administrative Agent’s office no later than 12:00 p.m. (Houston, Texas time) (i) at least one
Business Day in advance of the proposed conversion date in the case of a Conversion of such Advances to Adjusted Base Rate Advances, (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a
Conversion to, or a continuation of, Eurocurrency Rate Advances denominated in Dollars; and (iii) at least four Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of,
Eurocurrency Rate Advances denominated in Foreign Currencies. Each such Notice of Conversion or Continuation shall be by telephone or facsimile, and if by telephone, confirmed promptly in writing (which confirmation may be provided by facsimile or
with a “PDF” file delivered in an e-mail with a return acknowledgment requested), specifying (A) the requested Conversion or continuation date (which shall be a Business Day), (B) the Borrowing amount and Type of the Advances to
be Converted or continued, (C) whether a Conversion or continuation is requested, and if a Conversion, into what Type of Advances, and (D) in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances, the requested
Interest Period. Promptly after receipt of a Notice of Conversion or Continuation under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a continuation of Eurocurrency Rate
Advances, notify each Lender of the applicable interest rate under Section 2.6(b). For purposes other than the conditions set forth in Section 3.2, the portion of Revolving Advances comprising part of the same Revolving Borrowing that are
Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing. 
 (c) Certain Limitations.
Notwithstanding anything herein to the contrary: 
 (i) each Borrowing (other than a Borrowing of Swingline
Advances) shall (A) in the case of Eurocurrency Rate Advances, be in an aggregate amount not less than $3,000,000 and greater multiples of $1,000,000 in excess thereof, (B) in the case of Adjusted Base Rate Advances, be in an aggregate
amount not less than $500,000 and greater multiples of $100,000 in excess thereof, and (C) consist of Advances of the same Type made on the same day by the Lenders according to their Pro Rata Share; 

(ii) at no time shall there be more than eight Interest Periods applicable to outstanding Eurocurrency Rate Advances;

  
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 (iii) no single Borrowing consisting of Eurocurrency Rate Advances may
include Advances in different currencies; 
 (iv) the Borrower may not select Eurocurrency Rate Advances for any
Borrowing to be made, Converted or continued if (A) the aggregate Dollar Amount of such Borrowing is less than $3,000,000 or (B) a Default or Event of Default has occurred and is continuing; 

(v)(A) if any Lender shall, at any time prior to the making of any requested Borrowing comprised of Eurocurrency Rate
Advances, notify the Administrative Agent that the introduction of or any change in or in the interpretation of any Legal Requirement makes it unlawful, or that any central bank or other Governmental Authority asserts that it is unlawful, for such
Lender or its Lending Office to perform its obligations under this Agreement to make Eurocurrency Rate Advances or to fund or maintain Eurocurrency Rate Advances, or any Governmental Authority has imposed material restrictions on the authority of
such Lender to purchase or sell, or take deposits of, Dollars or any Foreign Currency in the applicable interbank market, then (1) if the requested Borrowing was of Revolving Advances denominated in Dollars, such Lender’s Pro Rata Share of
such Borrowing shall be made as an Adjusted Base Rate Advance of such Lender, (2) in any event, such Adjusted Base Rate Advance shall be considered part of the same Borrowing and interest on such Adjusted Base Rate Advance shall be due and
payable at the same time that interest on the Eurocurrency Rate Advances comprising the remainder of such Borrowing shall be due and payable, and (3) any obligation of such Lender to make, continue, or Convert to, Eurocurrency Rate Advances in
the affected currency or currencies, including in connection with such requested Borrowing, shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer
exist; and (B) such Lender agrees to use commercially reasonable efforts (consistent with its internal policies and legal and regulatory restrictions) to designate a different Lending Office if the making of such designation would avoid the
effect of this paragraph and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender; 
 (vi) if the Administrative Agent is unable to determine the Eurocurrency Rate for Eurocurrency Rate Advances comprising any requested Revolving Borrowing, the right of the Borrower to select Eurocurrency
Rate Advances in the affected currency or currencies for such Borrowing or for any subsequent Borrowing shall be suspended until the Administrative Agent shall notify the Borrower and the Lenders that the circumstances causing such suspension no
longer exist, and upon receipt by the Borrower of the notice of such suspension, the Borrower may revoke the pending request or, failing that, each Revolving Advance comprising such Borrowing shall be made as an Adjusted Base Rate Advance in the
Dollar Amount of the originally requested Advance; 
 (vii) if the Majority Lenders shall, at least one Business
Day before the date of any requested Borrowing, notify the Administrative Agent that (A) the Eurocurrency Rate for Eurocurrency Rate Advances comprising such Borrowing will not adequately reflect the cost to such Lenders of making or funding
their respective Eurocurrency Rate Advances, or (B) deposits are not being offered to banks in the applicable offshore interbank market for such currency for the applicable amount and Interest Period of such Eurocurrency Rate Advance, the right
of the Borrower to select Eurocurrency Rate Advances in the affected currency or currencies for such Borrowing or for any subsequent Revolving Borrowing shall be suspended until the Administrative Agent shall notify the Borrower and the Lenders that
the circumstances causing such suspension no longer exist, and upon receipt by the Borrower of the notice of such suspension, the Borrower may revoke the pending request or, failing that, each Advance comprising such Borrowing shall be made as an
Adjusted Base Rate Advance in the Dollar Amount of the originally requested Advance; 

  
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 (viii) if any Lender shall, at any time prior to the making of any requested
Borrowing comprised of Eurocurrency Rate Advances denominated in a Foreign Currency, notify the Administrative Agent that, as a result of internal banking policy limitations on fundings in such Foreign Currency, such Lender can not fund all or any
portion of its Pro Rata Share of such Borrowing, then (A) such portion shall be made as an Adjusted Base Rate Advance of such Lender, and (B) in any event, such Adjusted Base Rate Advance shall be considered part of the same Borrowing and
interest on such Adjusted Base Rate Advance shall be due and payable at the same time that interest on the Eurocurrency Rate Advances comprising the remainder of such Borrowing shall be due and payable; 

(ix) if the Borrower shall fail to select the duration or continuation of any Interest Period for any Eurocurrency Rate
Advance in accordance with the provisions contained in the definition of “Interest Period” in Section 1.1 and paragraph (a) or (b) above, the Administrative Agent will forthwith so notify the Borrower and the Lenders
and (A) if denominated in Dollars, such affected Advances will be made available to the Borrower on the date of such Borrowing as Adjusted Base Rate Advances or, if such affected Advances are existing Advances, will be Converted into Adjusted
Base Rate Advances or at the end of Interest Period then in effect, and (B) if denominated in a Foreign Currency, the Borrower shall be deemed to have specified an Interest Period of one month for such affected Advances or, if such affected
Advances are existing Advances, such affected Advances will be continued as a Eurocurrency Rate Advance in the original Designated Currency with an Interest Period of one month; 

(x) if the Borrower shall fail to specify a currency for any Eurocurrency Rate Advances, then the Eurocurrency Rate
Advances as requested shall be made in Dollars; 
 (xi) Revolving Advances may only be Converted or continued as
Revolving Advances; 
 (xii) Swingline Advances may not be Converted or continued; and 

(xiii) no Revolving Advance may be Converted or continued as a Revolving Advance in a different currency, but instead must
be prepaid in the original Designated Currency of such Revolving Advance and reborrowed in such new Designated Currency. 
 (d)
Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. 
 (e) Administrative Agent Reliance. Unless the Administrative Agent shall have received notice from a Lender before the date of any Revolving Borrowing or Mandatory Revolving Borrowing that such
Lender will not make available to the Administrative Agent such Lender’s Pro Rata Share of such Borrowing, the Administrative Agent may assume that such Lender has made its Pro Rata Share of such Borrowing available to the Administrative Agent
on the date of such Borrowing in accordance with paragraph (a) of this Section 2.2 and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If and to the extent
that such Lender shall not have so made its Pro Rata Share of such Borrowing available to the Administrative Agent, such Lender and the Borrower severally agree to immediately repay to the 

  
 27 

 
Administrative Agent on demand such corresponding amount, together with interest on such amount, for each day from the date such amount is made available to the Borrower until the date such
amount is repaid to the Administrative Agent, at (i) in the case of the Borrower, the interest rate applicable on such day to Advances comprising such Borrowing and (ii) in the case of such Lender, the Overnight Rate for such day. If such
Lender shall repay to the Administrative Agent such corresponding amount and interest as provided above, such corresponding amount so repaid shall constitute such Lender’s Advance as part of such Borrowing for purposes of this Agreement even
though not made on the same day as the other Advances comprising such Borrowing. 
 (f) Lender Obligations Several. The
failure of any Lender to make the Advance to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any, to make its Advance on the date of such Borrowing. No Lender shall be responsible for the failure of
any other Lender to make the Advance to be made by such other Lender on the date of any Borrowing. 
 (g) Evidence of
Obligations. 
 (i) The Advances made by each Lender shall be evidenced by one or more accounts or records
maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by Administrative Agent and the Lenders shall be conclusive absent manifest error of the amount of the Advances made by
such Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the
Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall
control in the absence of manifest error. Upon the request of any Lender to the Borrower made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) the applicable Note or Notes
which shall evidence such Lender’s Advances to the Borrower in addition to such accounts or records. Each Lender may attach schedules to such Notes and endorse thereon the date, Type (if applicable), amount, currency and maturity of its
Advances and payments with respect thereto. 
 (ii) In addition to the accounts and records referred to in
subsection (i) above, each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swingline
Advances. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control
in the absence of manifest error. 
 Section 2.3 Fees. 

(a) Commitment Fees. Subject to Section 2.20(a)(iii), the Borrower agrees to pay to the Administrative
Agent for the account of each Lender a commitment fee (the “Commitment Fee”) equal to the Applicable Margin for Commitment Fees times the actual daily amount by which such Lender’s Revolving Commitment exceeds the sum of such
Lender’s Revolving Advances plus such Lender’s Pro Rata Share of the Letter of Credit Exposure, for the period from the Closing Date until the Maturity Date (including at any time during which one or more of the conditions in Article III
is not met). The Commitment Fees shall be due and payable quarterly in arrears on the tenth (10th) day after the end of each March, June, September and December, commencing September 30, 2012, and on the Maturity Date. For the avoidance of doubt, Swingline Advances shall not reduce the
amount of unused Revolving Commitment solely for purposes of calculating the Commitment Fee under this Section 2.3(a). 

  
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 (b) Letter of Credit Fees. The Borrower agrees to pay to the
Administrative Agent for the pro rata benefit of the Lenders letter of credit fees in respect of all Letters of Credit outstanding at a rate per annum equal to the Applicable Margin for Eurocurrency Rate Advances calculated on the maximum amount
available from time to time to be drawn under such outstanding Letters of Credit. All such letter of credit fees shall be (i) calculated quarterly in arrears for the period ending on the last day of each March, June, September and December,
commencing September 30, 2012 and due and payable on the immediately following 10th Business Day, and (ii) calculated in arrears and ending on, and due and payable on, the Maturity Date. In addition, the Borrower agrees to pay to each Issuing Lender for its own account fronting
fees in respect of all Letters of Credit outstanding and issued by such Issuing Lender equal to the greater of (A) one-eighth percent (1/8%) per annum of the maximum amount available from time to time to be drawn under such outstanding
Letters of Credit and (B) $500, payable at issuance and on the earlier of each annual anniversary thereafter or the Maturity Date. The Borrower shall also pay to each Issuing Lender for its own account such documentary, processing and other
charges in connection with the issuance, amendment, transfer, modification of and draws under Letters of Credit assessed or incurred by such Issuing Lender from time to time. For purposes of calculating the letter of credit fees, fronting fees and
other fees under this Section 2.3(b), the face amount of each Letter of Credit made in a Foreign Currency shall be at any time the Dollar Amount of such Letter of Credit as determined on the most recent Computation Date with respect to such
Letter of Credit. 
 (c) Fee Letters. The Borrower agrees to pay when due the fees set forth in the Fee Letters, in each
case, pursuant to the terms thereof. 
 Section 2.4 Reduction of Revolving Commitments. The Borrower shall have the
right, upon at least three Business Days’ irrevocable notice to the Administrative Agent and the Lenders, to terminate in whole or reduce ratably in part the unused portion of the Revolving Commitments; provided that, each partial
reduction shall be in the aggregate amount of $3,000,000 or an integral multiple of $1,000,000 in excess thereof. Any reduction or termination of the Revolving Commitments pursuant to this Section 2.4 shall be permanent, with no obligation of
the Lenders to reinstate such Revolving Commitments and the Commitment Fees provided for in Section 2.3(a) shall thereafter be computed on the basis of the Revolving Commitments, as so reduced. 

Section 2.5 Repayment of Advances. 
 (a) Revolving Advances. The Borrower shall repay the outstanding principal amount of each Revolving Advance on the Maturity Date and, for each Mandatory Revolving Borrowing made on or after the
Maturity Date, on demand, and in any event, in the Designated Currency in which each such Advance was funded. 
 (b) Swingline
Advances. The Borrower shall repay the outstanding principal amount of each Swingline Advance on the earlier of (i) the Swingline Due Date immediately following the date such Swingline Advance is made by the applicable Swingline Lender and
(ii) the Maturity Date. 
 Section 2.6 Interest. The Borrower shall pay interest on the unpaid principal amount
of each Advance from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum: 
 (a) Adjusted Base Rate Advances. If such Advance is an Adjusted Base Rate Advance, a rate per annum equal at all times to the lesser of (i) the Adjusted Base Rate in effect from time

  
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to time plus the Applicable Margin for Adjusted Base Rate Advances and (ii) the Maximum Rate, payable in arrears on the last Business Day of each calendar quarter, commencing with the
calendar quarter ending September 30, 2012, and on the date such Adjusted Base Rate Advance shall be paid in full, provided that if any payment of principal on any Advance is not made when due, such Advances shall bear interest from the
date such payment was due until such Advances are paid in full, payable on demand, at a rate per annum equal at all times to the lesser of (A) the rate required to be paid on such Advance immediately prior to the date on which such amount
becomes due plus two percent (2%) and (B) the Maximum Rate. 
 (b) Eurocurrency Rate Advances. If such
Advance is a Eurocurrency Rate Advance, during the Interest Period for such Advance, a rate per annum equal at all times to the lesser of (i) the Eurocurrency Rate for such Interest Period plus the Applicable Margin for Eurocurrency Rate
Advances plus (in the case of a Eurocurrency Rate Advance of any Lender which is lent from a Lending Office in the United Kingdom or a Participating Member State) the Mandatory Cost Rate and (ii) the Maximum Rate, payable in arrears on
the last day of such Interest Period (provided that for Eurocurrency Rate Advance with six month Interest Periods, accrued but unpaid interest shall also be due on the day three months from the first day of such Interest Period), and on the date
such Eurocurrency Rate Advance shall be paid in full; provided that if any payment of principal on any Advance is not made when due, such Advances shall bear interest from the date such payment was due until such Advances are paid in full,
payable on demand, at a rate per annum equal at all times to the lesser of (A) the greater of (1) the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Adjusted Base Rate Advances plus two percent
(2%) and (2) the rate required to be paid on such Advance immediately prior to the date on which such amount became due (including the Applicable Margin and any Mandatory Cost Rate) plus two percent (2%) and (B) the
Maximum Rate. 
 (c) Swingline Advances. If such Advance is a Swingline Advance, a rate per annum equal at all times to
the lesser of (i) the Swingline Rate for such Swingline Advance and (ii) the Maximum Rate, payable quarterly in arrears on the last Business Day of each calendar quarter, commencing with the calendar quarter ending September 30, 2012,
and on the Maturity Date; provided that if any payment of principal on any Advance is not made when due, such Advances shall bear interest from the date such payment was due until such Advances are paid in full, at a rate per annum equal at
all times to the lesser of (A) the rate required to be paid on such Advance immediately prior to the date on which such amount becomes due plus two percent (2%) and (B) the Maximum Rate. 

(d) Usury Recapture. As to each Lender, in the event the rate of interest chargeable under this Agreement or the Notes at any time
is greater than the Maximum Rate, the unpaid principal amount of Obligations owing to such Lender shall bear interest at the Maximum Rate until the total amount of interest paid or accrued on such Obligations equals the amount of interest which
would have been paid or accrued on such Obligations if the stated rates of interest set forth in this Agreement had at all times been in effect. In the event, upon payment in full of such Obligations, the total amount of interest paid or accrued
under the terms of this Agreement and the Notes as to any Lender is less than the total amount of interest which would have been paid or accrued if the rates of interest set forth in this Agreement had, at all times, been in effect, then the
Borrower shall, to the extent permitted by applicable Legal Requirements, pay the Administrative Agent for the account of such Lenders an amount equal to the difference between (i) the lesser of (A) the amount of interest which would have
been charged on Obligations owing to such Lender if the Maximum Rate had, at all times, been in effect and (B) the amount of interest which would have accrued on such Obligations if the rates of interest set forth in this Agreement had at all
times been in effect and (ii) the amount of interest actually paid or accrued under this Agreement on such Obligations. In the event any Lender ever receives, collects or applies as interest any sum in excess of the Maximum Rate, such excess
amount shall, to the extent permitted by law, be applied to the reduction of the principal balance of the Obligations owing to it, and if no such principal is then outstanding, such excess or part thereof remaining shall be paid to the Borrower.

  
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 (e) Other Amounts Overdue. If any amount payable under this Agreement other than the
Advances is not paid when due and payable, including accrued interest and fees, then such overdue amount shall accrue interest hereon due and payable on demand (i) if such amount is in Dollars, at a rate per annum equal to the lesser of
(A) Adjusted Base Rate plus the Applicable Margin for Adjusted Base Rate Advances plus two percent (2%) and (B) the Maximum Rate, from the date such amount became due until the date such amount is paid in full, and
(ii) if such amount is in a Foreign Currency, the lesser of (A) the greater of (1) the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Adjusted Base Rate Advances plus two percent
(2%) and (2) the overnight Eurocurrency Rate plus the Applicable Margin for Eurocurrency Rate Advances and any Mandatory Cost Rate for Eurocurrency Rate Advances plus two percent (2%) and (B) the Maximum Rate.

 Section 2.7 Prepayments. 
 (a) Right to Prepay. The Borrower shall have no right to prepay any principal amount of any Advance except as provided in this Section 2.7. 

(b) Optional Prepayments. The Borrower may elect to prepay any of the Advances, after giving notice thereof to the Administrative
Agent and the Lenders by 12:00 p.m. (Houston, Texas) for Advances denominated in Dollars and by 12:00 p.m. in the Applicable Time for Revolving Advances denominated in Foreign Currencies and Swingline Advances made by Foreign Swingline Lenders
(i) on the day of prepayment of any Swingline Advance, (ii) at least three Business Days’ prior to the day of prepayment of any Eurocurrency Rate Advances and (iii) the day prior to the prepayment of any Adjusted Base Rate
Advance. Such notice shall be by telephone or facsimile, and if by telephone, confirmed promptly in writing, and must state the proposed date and aggregate principal amount of such prepayment, whether such prepayment should be applied to reduce
outstanding Revolving Advances or Swingline Advances, and if applicable, the relevant Interest Period for the Advances to be prepaid. If any such notice is given, the Borrower shall prepay Advances comprising part of the same Borrowing in whole or
ratably in part in an aggregate principal amount equal to the amount specified in such notice, and shall also pay accrued interest to the date of such prepayment on the principal amount prepaid and amounts, if any, required to be paid pursuant
to Section 2.8 as a result of such prepayment being made on such date; provided, however, that (i) each partial prepayment of Eurocurrency Rate Advances shall be in an aggregate principal amount of not less than $3,000,000
and in integral multiples of $1,000,000 in excess thereof, (ii) each partial prepayment of Adjusted Base Rate Advances shall be in an aggregate principal amount of not less than $500,000 and in integral multiples of $100,000 in excess thereof,
(iii) each partial prepayment of Swingline Advances shall be in an aggregate principal amount of not less than $500,000, and (iv) any prepayment of an Advance shall be made in the Designated Currency in which such Advance was funded. Each
prepayment pursuant to this Section 2.7(b) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.8 as a result of such prepayment being
made on such date. 
 (c) Ratable Payments. Each payment of any Advance pursuant to this Section 2.7 or any other
provision of this Agreement shall be made in a manner such that all Advances comprising part of the same Borrowing are paid in whole or ratably in part. 
 (d) Effect of Notice. All notices given pursuant to this Section 2.7 shall be irrevocable and binding upon the Borrower. 

  
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 Section 2.8 Breakage Costs. If (a) any payment of principal of any
Eurocurrency Rate Advance is made other than on the last day of the Interest Period for such Advance as a result of any payment hereunder or the acceleration of the maturity of the Obligations pursuant to Article VIII or otherwise; (b) the
Borrower fails to borrow, Convert, continue, repay or prepay any Eurocurrency Rate Advance on the date specified in any notice delivered pursuant hereto (other than default by a Lender), (c) the Borrower fails to make a principal or interest
payment with respect to any Eurocurrency Rate Advance on the date such payment is due and payable, the Borrower shall, within 10 days of any written demand sent by any Lender to the Borrower (with a copy to the Administrative Agent), pay to the
Administrative Agent for the account of such Lender any amounts (without duplication of any other amounts payable in respect of breakage costs) required to compensate such Lender for any additional losses, out-of-pocket costs or expenses which it
may reasonably incur as a result of such payment or nonpayment, including any loss (including loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to
fund or maintain such Advance. 
 Section 2.9 Increased Costs. 

(a) Increased Costs Generally. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (other than any change by way of imposition or increase of reserve requirements included in the calculation of the Eurocurrency
Rate but including any change or introduction which would result in the failure of the Mandatory Cost Rate, as calculated hereunder, to represent the cost to any Lender of complying with the requirements of the Bank of England and/or the Financial
Services Authority or the European Central Bank in relation to its making, funding or maintaining Eurocurrency Rate Advances) or any Issuing Lender; 
 (ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection
Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(iii) impose on any Lender or any Issuing Lender or the London interbank market any other condition, cost or expense
(other than Taxes) affecting this Agreement or Advances made by such Lender or any Letter of Credit or participation therein; 
 and the result
of any of the foregoing shall be to increase the cost to such Lender or such other Recipient of making, converting to, continuing or maintaining any Advance or of maintaining its obligation to make any such Advance, or to increase the cost to such
Lender, such Issuing Lender or such other Recipient of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received
or receivable by such Lender, Issuing Lender or other Recipient hereunder (whether of principal, interest or any other amount) then, upon request of such Lender, Issuing Lender or other Recipient, the Borrower will pay to such Lender, Issuing Lender
or other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender, Issuing Lender or other Recipient, as the case may be, for such additional costs incurred or reduction suffered. 

  
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 (b) Capital Requirements. If any Lender or Issuing Lender determines that any Change
in Law affecting such Lender or Issuing Lender or any lending office of such Lender or such Lender’s or Issuing Lender’s holding company, if any, regarding capital or liquidity requirements, has or would have the effect of reducing the
rate of return on such Lender’s or Issuing Lender’s capital or on the capital of such Lender’s or Issuing Lender’s holding company, if any, as a consequence of this Agreement, the Revolving Commitments of such Lender or the
Advances made by, or participations in Letters of Credit or Swingline Advances held by, such Lender, or the Letters of Credit issued by any Issuing Lender, to a level below that which such Lender or Issuing Lender or such Lender’s or Issuing
Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing Lender’s policies and the policies of such Lender’s or Issuing Lender’s holding company with respect
to capital adequacy), then from time to time the Borrower will pay to such Lender or Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Lender or such Lender’s or Issuing
Lender’s holding company for any such reduction suffered. 
 (c) Certificates for Reimbursement. A certificate of a
Lender or Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or Issuing Lender or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section and delivered to the
Borrower, shall be conclusive absent manifest error. The Borrower shall pay such Lender or Issuing Lender, as the case may be, the amount shown as due on any such certificate within 30 days after receipt thereof. 

(d) Delay in Requests. Failure or delay on the part of any Lender or Issuing Lender to demand compensation pursuant to this Section
shall not constitute a waiver of such Lender’s or Issuing Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or Issuing Lender pursuant to this Section for any increased
costs incurred or reductions suffered more than 180 days prior to the date that such Lender or Issuing Lender, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions, and of such
Lender’s or Issuing Lender’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180 day period referred to above shall be extended to
include the period of retroactive effect thereof). 
 Section 2.10 Payments and Computations. 

(a) Payment Procedures. Except if otherwise set forth herein, the Borrower shall make each payment under this Agreement not later
than 1:00 p.m. (Houston, Texas time) for payments due in Dollars and not later than 1:00 p.m. in the Applicable Time for payments due in Foreign Currencies (and payments due to Foreign Swingline Lenders related to Foreign Swingline Advances),
on the day when due in the Designated Currency as to outstanding Advances and Reimbursement Obligations, and in Dollars as to all other amounts, to the Administrative Agent at its Lending Office (or such other location as the Administrative Agent
shall designate in writing to the Borrower) in same day funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal, interest or fees ratably (other than amounts payable solely to
the Administrative Agent, the Issuing Lenders, or a specific Lender pursuant to Section 2.1(b), 2.3(b), 2.3(c), 2.6(d), 2.6(e), 2.8, 2.9, 2.11, 2.12, 2.13(d), 9.4 or 9.7 but after taking into account payments effected pursuant to
Section 7.6) to the Lenders in accordance with each Lender’s Pro Rata Share for the account of their respective Lending Offices, and like funds relating to the payment of any other amount payable to any Lender or any Issuing Lender to such
Lender or such Issuing Lender for the account of its Lending Office, in each case to be applied in accordance with the terms of this Agreement. 
 (b) Computations. All computations of interest based on the Prime Rate, interest on Swingline Advances and interest on Eurocurrency Rate Advances denominated in Pounds Sterling shall be made by the
Administrative Agent (or with respect to each Swingline Advance, by the applicable 

  
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Swingline Lender) on the basis of a year of 365 or 366 days, as the case may be. All computations of fees and interest based on the Eurocurrency Rate (other than as set forth in the immediately
preceding sentence), Overnight Rate and the Federal Funds Rate shall be made by the Administrative Agent on the basis of a year of 360 days. In any case, such computations shall be made for the actual number of days (including the first day, but
excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Administrative Agent (or with respect to each Swingline Advance, by the applicable Swingline Lender) of an interest rate shall be
conclusive and binding for all purposes, absent manifest error. 
 (c) Non-Business Day Payments. Whenever any payment
shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case
may be; provided, however, that if such extension would cause payment of interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

 (d) Administrative Agent Reliance. Unless the Administrative Agent shall have received written notice from the Borrower
prior to the date on which any payment is due to the Lenders that the Borrower will not make such payment in full, the Administrative Agent may assume that the Borrower has made such payment in full to the Administrative Agent on such date and the
Administrative Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such date an amount equal to the amount then due such Lender. If and to the extent the Borrower shall not have so made such payment in full to the
Administrative Agent, each Lender shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender, together with interest, for each day from the date such amount is distributed to such Lender until the date such
Lender repays such amount to the Administrative Agent, at the Overnight Rate for such day. 
 (e) Application of Payments.
Whenever any payment received by the Administrative Agent under this Agreement is insufficient to pay in full all amounts then due and payable under this Agreement and Notes, such payment shall be distributed and applied by the Administrative Agent
and the Lenders in the following order: first, to the payment of fees and expenses due and payable to the Administrative Agent under and in connection with this Agreement or any other Credit Document; second, to the payment of all
amounts due and payable under Section 2.11(c), ratably among the Lenders in accordance with the aggregate amount of such payments owed to each such Lender; third, to the payment of fees due and payable pursuant to Section 2.3(b),
ratably among the Issuing Lenders in accordance with the aggregate amount of such payments owed to each such Issuing Lender; fourth, to the payment of all other fees due and payable under Section 2.3 ratably among the Lenders in
accordance with their applicable Revolving Commitments; and fifth, to the payment of the interest accrued on and the principal amount of all of the Advances, and the interest accrued on and the principal amount of all Reimbursement
Obligations, regardless of whether any such amount is then due and payable, ratably among the Lenders in accordance with the aggregate accrued interest plus the aggregate principal amount owed to such Lender. 

Section 2.11 Taxes. 
 (a) Defined Terms. For purposes of this Section 2.11, the term “Lender” includes any Issuing Lender and the term “applicable law” includes FATCA 

(b) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower under any Credit Document shall
be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good 

  
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faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be
entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the
Borrower shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section) the applicable Recipient receives an amount
equal to the sum it would have received had no such deduction or withholding been made. 
 (c) Payment of Other Taxes by the
Borrower. The Borrower shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(d) Indemnification by the Borrower. The Borrower shall indemnify each Recipient, within 30 days after demand therefor, for the
full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient
and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or
liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 

(e) Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within 30 days after demand
therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to
do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.6(e) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each
case, that are payable or paid by the Administrative Agent in connection with any Credit Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set
off and apply any and all amounts at any time owing to such Lender under any Credit Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph
(e). 
 (f) Evidence of Payments. As soon as practicable after any payment of Taxes by the Borrower to a Governmental
Authority pursuant to this Section 2.11, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such
payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (g) Status of Lenders.

 (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments
made under any Credit Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested
by the Borrower or the Administrative Agent as will permit such payments 

  
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to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other
documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or
information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.11(g)(ii)(A),
(ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or
commercial position of such Lender. 
 (ii) Without limiting the generality of the foregoing, 

(A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on
which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt from U.S.
federal backup withholding tax; 
 (B) any Foreign Lender shall, to the extent it is legally entitled to do so,
deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon
the reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable; 

(1) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party
(x) with respect to payments of interest under any Credit Document, executed originals of IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax
treaty and (y) with respect to any other applicable payments under any Credit Document, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other
income” article of such tax treaty; 
 (2) executed originals of IRS Form W-8ECI; 

(3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit G-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent
shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and
(y) executed originals of IRS Form W-8BEN; or 
 (4) to the extent a Foreign Lender is not the beneficial
owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit G-2 or Exhibit G-3, IRS Form W-9, and/or other certification documents from each
beneficial owner, as applicable; provided that if the Foreign Lender is a 

  
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partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate
substantially in the form of Exhibit G-4 on behalf of each such direct and indirect partner; 
 (C) any Foreign
Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction
in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made;
and 
 (D) if a payment made to a Lender under any Credit Document would be subject to U.S. federal withholding
Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and
the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under
FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any
amendments made to FATCA after the date of this Agreement. 
 Each Lender agrees that if any form or certification it previously delivered
expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(h) Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a
refund of any Taxes as to which it has been indemnified pursuant to this Section 2.11 (including by the payment of additional amounts pursuant to this Section 2.11), it shall pay to the indemnifying party an amount equal to such refund
(but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (h) (plus any
penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph
(h), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (h) the payment of which would place the indemnified party in a less favorable net after-Tax position than the
indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never
been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person.

  
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 (i) Survival. Each party’s obligations under this Section 2.11 shall
survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Revolving Commitments and the repayment, satisfaction or discharge of all obligations under
any Credit Document. 
 Section 2.12 Illegality. If any Lender shall notify the Administrative Agent and the
Borrower that the introduction of or any change in or in the interpretation of any Legal Requirement makes it unlawful, or that any central bank or other Governmental Authority asserts that it is unlawful for such Lender or its Lending Office to
perform its obligations under this Agreement to maintain any Eurocurrency Rate Advances of such Lender then outstanding hereunder or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or
take deposits of, Dollars or any Foreign Currency in the applicable interbank market, then, notwithstanding anything herein to the contrary, the Borrower shall, if demanded by such Lender in its notice, no later than 12:00 p.m. (Houston, Texas
time), (a) if not prohibited by any Legal Requirement to maintain such Eurocurrency Rate Advances for the duration of the Interest Period, on the last day of the Interest Period for each outstanding Eurocurrency Rate Advance of such Lender or
(b) if prohibited by any Legal Requirement to maintain such Eurocurrency Rate Advances for the duration of the Interest Period, on the second Business Day following its receipt of such notice from such Lender, then (i) with respect to
Revolving Advances denominated in a Foreign Currency, prepay such Eurocurrency Rate Advances of such Lender then outstanding and which are denominated in such affected currency or currencies together with all accrued interest on the amount so
prepaid, and amounts, if any, required to be paid pursuant to Section 2.8 as a result of such prepayment being made on such date, and (ii) with respect to Revolving Advances denominated in Dollars, Convert all such Eurocurrency Rate
Advances of such Lender then outstanding to Adjusted Base Rate Advances and pay accrued interest on the principal amount Converted to the date of such Conversion and amounts, if any, required to be paid pursuant to Section 2.8 as a result of
such Conversion being made on such date. Each Lender agrees to use commercially reasonable efforts (consistent with its internal policies and legal and regulatory restrictions) to designate a different Lending Office if the making of such
designation would avoid the effect of this paragraph and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender. 
 Section 2.13 Letters of Credit. 
 (a) Issuance of Letters of
Credit. Each Issuing Lender, the Lenders and the Borrower agree that effective as of the Closing Date, the Existing Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of,
this Agreement as Letters of Credit. From time to time from the date of this Agreement until ten days before the Maturity Date, at the written request of the Borrower given to the applicable Issuing Lender and to the Administrative Agent not later
than (i) 12:00 p.m. (Houston, Texas time) on the third Business Day before the date of the proposed issuance, amendment, or extension of a Letter of Credit denominated in a Foreign Currency and (ii) 12:00 p.m. (Houston, Texas time) on
the second Business Day (or such later time and date as may be agreed to among the Borrower, the applicable Issuing Lender and the Administrative Agent) before the date of the proposed issuance, amendment, or extension of a Letter of Credit
denominated in Dollars, the requested Issuing Lender shall, on any Business Day and on the terms and conditions hereinafter set forth (and, if applicable, subject to the terms of the applicable Letter of Credit), issue, increase, decrease, amend, or
extend the expiration date of, Letters of Credit for the account of the Borrower (for its own benefit or for the benefit of any of its Subsidiaries). Promptly after receipt by the applicable Issuing Lender of such request, the applicable Issuing
Lender will confirm with the Administrative Agent that the Administrative Agent has also received such request and, if not, the 

  
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applicable Issuing Lender will notify the Administrative Agent of the contents thereof. With respect to any issuance of or increase to a Letter of Credit, unless the applicable Issuing Lender has
received notice in writing from the Administrative Agent (including at the request of any Lender) at least one Business Day prior to the requested date of the proposed issuance or increase, directing the applicable Issuing Lender not to issue or
increase such Letter of Credit as a result of the limitations set forth clause 2.13(b)(i) below then, subject to the terms and conditions hereof, the applicable Issuing Lender will issue or increase such Letter of Credit as requested by the
Borrower. Letters of Credit shall be denominated in any Agreed Currency. 
 (b) Limitations. No Letter of Credit will be
issued (or deemed issued as to the Existing Letters of Credit), increased, or extended (i) if such issuance, increase, or extension would cause the sum of the Letter of Credit Exposure plus the aggregate Dollar Amount of all outstanding
Revolving Advances and Swingline Advances at such time to exceed the aggregate Revolving Commitments; (ii) unless such Letter of Credit has an Expiration Date not later than the earlier of (A) sixty months after the date of issuance
thereof and (B) twenty-four months after the Maturity Date; (iii) unless such Letter of Credit (or, if applicable, the amendment to a Letter of Credit) is in form and substance acceptable to the applicable Issuing Lender in its sole
discretion; (iv) unless the Borrower has delivered to the applicable Issuing Lender a completed and executed letter of credit application on such Issuing Lender’s standard form, which shall contain terms no more restrictive than the terms
of this Agreement; (v) unless such Letter of Credit is governed by the Uniform Customs and Practice for Documentary Credits (2007 Revision), International Chamber of Commerce Publication No. 600 (“UCP”), the International
Standby Practices (ISP 98), International Chamber of Commerce Publication No. 590 (“ISP”) or any successor to the UCP or ISP and, to the extent not inconsistent therewith, the New York Uniform Commercial Code, as in effect from
time to time; or (vi) if any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain an Issuing Lender from issuing or providing such Letter of Credit, or any Legal Requirements
applicable to such Issuing Lender shall prohibit the issuance or provision of such type of Letter of Credit generally or such Letter of Credit in particular or shall impose upon such Issuing Lender with respect to such Letter of Credit any
restriction, reserve or capital requirement (for which such Issuing Lender is not otherwise compensated hereunder) not in effect on the date hereof or shall impose upon such Issuing Lender any unreimbursable loss, cost or expense which was not
applicable on the date hereof and which such Issuing Lender in good faith deems material. If the terms of any letter of credit application referred to in the foregoing clause (iv) conflicts with the terms of this Agreement, the terms of this
Agreement shall control. 
 (c) Participations. With respect to each Letter of Credit described on Schedule 1.1(c) which
is outstanding on the Closing Date, each Lender is deemed to have purchased a participation in the related Letter of Credit Exposure equal to such Lender’s Pro Rata Share of such Letter of Credit Exposure on the Closing Date. On the date of the
issuance or increase of any Letter of Credit on or after the Closing Date, each Issuing Lender shall be deemed to have sold to each other Lender and each other Lender shall have been deemed to have purchased from such Issuing Lender a participation
in the Letter of Credit Exposure related to the Letters of Credit issued by such Issuing Lender equal to such Lender’s Pro Rata Share at such date and such sale and purchase shall otherwise be in accordance with the terms of this Agreement.
Each Issuing Lender shall promptly deliver to the Administrative Agent by telex, telephone, or facsimile (or by e-mail with a return receipt requested) which the Administrative Agent will promptly deliver to each such participant Lender, a notice of
each Letter of Credit of such Issuing Lender issued, increased or decreased, and the Administrative Agent shall also notify each Lender of the actual amount of such Lender’s participation in such Letter of Credit. Each Lender’s obligation
to purchase participating interests pursuant to this Section, to make a Mandatory Revolving Borrowing as set forth in clause (d) below, to reimburse such Issuing Lender for such Lender’s Pro Rata Share of any payment under a Letter of
Credit by such Issuing Lender not reimbursed in full by the Borrower, and to fund its participation interests in Letters of Credit as set forth below, shall be absolute and unconditional and shall

  
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not be affected by any circumstance, including (i) any of the circumstances described in paragraph (f) or (e) below, (ii) the occurrence and continuance of a Default,
(iii) an adverse change in the financial condition of the Borrower, (iv) any deposit of cash or other securities as collateral or the provision of any other support for the Borrower’s reimbursement obligations related thereto,
(v) any termination of this Agreement other than a termination in writing agreed to by each Issuing Lender which expressly provides for a termination of the Lenders’ reimbursement obligations owing to the Issuing Lenders hereunder, and
(vi) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing; provided that, a Lender may have a claim against an Issuing Lender for any such circumstance, happening or event constituting or arising
from gross negligence or willful misconduct on the part of the such Issuing Lender. 
 (d) Reimbursement. Upon receipt
from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable Issuing Lender shall notify the Borrower and the Administrative Agent thereof (which the Administrative Agent will promptly forward
to the Lenders). No later than 11:00 a.m. on the date of any payment to be made by such Issuing Lender under a Letter of Credit, the Borrower agrees to pay to such Issuing Lender an amount equal to any amount paid or to be paid by such Issuing
Lender on such date under or in respect of such Letter of Credit and in the currency paid or to be paid by such Issuing Lender. Notwithstanding the foregoing, if, after the issuance of any Letter of Credit denominated in a Foreign Currency, such
currency ceases to be an Agreed Currency as provided in the definition of Agreed Currency, then all payments to be made by the Borrower hereunder in such currency shall instead be made when due (either directly by the Borrower or through a deemed
borrowing under clause (i) below) in Dollars in an amount equal to the Dollar Amount (as of the date of repayment) of such payment due, it being the intention of the parties hereto that the Borrower take all risks of the imposition of any such
currency control or exchange regulations. In the event an Issuing Lender makes a payment pursuant to a request for draw presented under a Letter of Credit and such payment is not promptly reimbursed by the Borrower as required herein, such Issuing
Lender shall give notice of such payment to the Administrative Agent (which the Administrative Agent will promptly forward to the Lenders). In such event, the Borrower shall be deemed to have requested a Mandatory Revolving Borrowing consisting of
(i) for unreimbursed drawings under Letters of Credit denominated in Dollars or in a Foreign Currency which ceased to be an Agreed Currency, Adjusted Base Rate Advances, and (ii) for unreimbursed drawings under Letters of Credit
denominated in Foreign Currencies, Eurocurrency Rate Advances in such Agreed Currency and in the amount of such unreimbursed amount with an Interest Period of one month; provided that, if the Revolving Commitments have terminated or otherwise
expired, such Eurocurrency Rate Advances shall bear interest at the overnight Eurocurrency Rate. The applicable Issuing Lender shall give the Administrative Agent notice of such deemed Borrowing (A) by 12:00 p.m. (Houston, Texas time) on the
date before the proposed Borrowing is to be made in the case of an Adjusted Base Rate Advance or Eurocurrency Rate Advances bearing interest at the overnight Eurocurrency Rate and (B) by 12:00 p.m. (Houston, Texas time) on the fourth
Business Day before the date of such proposed Borrowing in the case of a Eurocurrency Rate Advance denominated in a Foreign Currency with an Interest Period of one month (which notice the Administrative Agent shall promptly give to each Lender).
Each Lender shall, no later than 1:00 p.m. on the Business Day specified in such notice, promptly make such funds available to the applicable Issuing Lender, in the applicable currency and in an amount equal to such Lender’s Pro Rata Share of
the unreimbursed amount. The Borrower hereby unconditionally and irrevocably authorizes, empowers, and directs the Administrative Agent and the Lenders to record and otherwise treat each payment under a Letter of Credit not immediately reimbursed by
the Borrower as a Borrowing comprised of Adjusted Base Rate Advances or Eurocurrency Rate Advances, as applicable, to the Borrower. If for any reason such Mandatory Revolving Borrowing cannot be made by any Lender, the request for such Mandatory
Revolving Borrowing submitted by the applicable Issuing Lender as set forth herein shall be deemed to be a request by such Issuing Lender that each of the Lenders fund its risk participation in the relevant Letter of Credit and each Lender’s
payment to the Administrative Agent for the account of the applicable Issuing Lender 

  
 40 

 
pursuant to this clause (d) shall be deemed payment in respect of such participation. If the funds are not made available by a Lender to the applicable Issuing Lender on the required date
(either as the making of a Revolving Advance or the funding of its participation interest in such Letters of Credit), such Lender shall pay interest thereon to the applicable Issuing Lender at a rate per annum equal to the applicable Overnight Rate.
At any time after any Lender has funded its participation in a Letter of Credit, if the applicable Issuing Lender receives any payment on the applicable Reimbursement Obligation from the Borrower, such Issuing Lender will distribute to such Lender
its Pro Rata Share of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s participation was funded) in the same funds as those received by such Issuing Lender. All
overdue Reimbursement Obligations of the Borrower shall bear interest as set forth in Section 2.6(e). 
 (e) Obligations
Unconditional. The obligations of the Borrower under this Agreement in respect of each Letter of Credit shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances,
notwithstanding the following circumstances: 
 (i) any lack of validity or enforceability of any Letter of
Credit Documents; 
 (ii) any amendment or waiver of or any consent to departure from any Letter of Credit
Documents; 
 (iii) the existence of any claim, set-off, defense or other right which the Borrower or any Lender
or any other Person may have at any time against any beneficiary or transferee of such Letter of Credit (or any Persons for whom any such beneficiary or any such transferee may be acting), any Issuing Lender or any other Person or entity, whether in
connection with this Agreement, the transactions contemplated in this Agreement or in any Letter of Credit Documents or any unrelated transaction; 
 (iv) any statement, draft or any other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or
inaccurate in any respect to the extent an Issuing Lender would not be liable therefor pursuant to the following paragraph (f); 
 (v) payment by an Issuing Lender under such Letter of Credit against presentation of a draft or certificate which does not comply with the terms of such Letter of Credit; or 

(vi) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing; 

provided, however, that nothing contained in this paragraph (e) shall be deemed to constitute a waiver of any remedies of the Borrower
in connection with the Letters of Credit. 
 (f) Liability of Issuing Lenders. The Borrower assumes all risks of the acts
or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. No Issuing Lender nor any of its officers or directors shall be liable or responsible for, and the Borrower’s obligations
hereunder shall not be affected by: 
 (i) the use which may be made of any Letter of Credit, any transfer of any
Letter of Credit or any acts or omissions of any beneficiary or transferee in connection therewith; 

  
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 (ii) the validity, sufficiency or genuineness of documents, or of any
endorsement thereon, even if such documents should prove to be in any or all respects invalid, insufficient, fraudulent or forged; 
 (iii) payment by any Issuing Lender against presentation of documents which do not comply with the terms of a Letter of Credit, including failure of any documents to bear any reference or adequate
reference to the relevant Letter of Credit; 
 (iv) any adverse change in the relevant exchange rates or in the
availability of the relevant Agreed Currency to the Borrower or in the relevant currency markets generally; or 

(v) any other circumstances whatsoever in making or failing to make payment under any Letter of Credit (INCLUDING ANY
ISSUING LENDER’S OWN NEGLIGENCE), 
 except that the Borrower shall have a claim against such Issuing Lender, and such Issuing
Lender shall be liable to, and shall promptly pay to, the Borrower, to the extent of any direct, as opposed to consequential, damages suffered by the Borrower which the Borrower proves were caused by such Issuing Lender’s willful misconduct or
gross negligence. In furtherance and not in limitation of the foregoing clause (f), the Issuing Lenders may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or
information to the contrary and may refuse to accept documents that are not in strict conformity with the terms of the Letter of Credit, and any such acceptance or refusal shall not be deemed to constitute gross negligence or willful misconduct.

 (g) Cash Collateral Account. The Borrower shall, (i) within 10 days prior to the Maturity Date and (ii) at
any time, if an Event of Default has occurred and is continuing, on the Business Day the Borrower receives written notice from an Issuing Lender or the Administrative Agent that collateralization is being required pursuant to Section 7.2(b) or
Section 7.3(b), either (A) provide Cash Collateral in an amount equal to the Letter of Credit Exposure as of such date or (B) cause to be issued an irrevocable standby letter of credit in favor of the applicable Issuing Lender and
issued by a bank or other financial institution acceptable to such Issuing Lender and the Administrative Agent to support the full amount of the Letter of Credit Exposure as of such date. With respect to Letters of Credit issued in Foreign
Currencies, if the Borrower elects to provide Cash Collateral pursuant to clause (A) above, then at the election of the Administrative Agent, the Borrower shall be required to either (1) deposit cash with the Administrative Agent in the
Designated Currencies for the Letters of Credit or (2) deposit cash with the Administrative Agent in Dollars equal to the Dollar Amount of the Letter of Credit Exposure and, thereafter, deposit additional cash in Dollars at any time and from
time to time as may be reasonably requested by the Administrative Agent in order to protect against the results of exchange rate fluctuations. 
 (h) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary of
the Borrower, the Borrower shall be obligated to reimburse the applicable Issuing Lender hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of
Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries. 
 (i) Information to Administrative Agent from Issuing Lenders. For purposes of calculating outstandings and Letters of Credit issued under this Agreement (i) on each
March 31, June 30, September 30 and December 31, commencing September 30, 2012, and (ii) from time to time as the Administrative Agent may request, each Issuing Lender shall provide the Administrative Agent
with a daily log, in form and detail reasonably acceptable to the Administrative Agent, setting forth the Dollar Amount of all outstanding Letters of Credit issued by such Issuing Lender using the Exchange Rate as most recently determined by the
Administrative Agent. 

  
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 Section 2.14 Sharing of Payments, Etc. If any Lender shall obtain any payment
(whether voluntary, involuntary, through the exercise of any right of set-off or otherwise) on account of its Advances or its share of Letter of Credit Obligations in excess of its Pro Rata Share of payments on account of the Advances or Letter of
Credit Obligations obtained by all the Lenders, then such Lender shall notify the Administrative Agent and the other Lenders and forthwith purchase from the other Lenders, such participations in the Advances made by them or Letter of Credit
Obligations held by them as shall be necessary to cause such purchasing Lender to share the excess payment ratably in accordance with the requirements of this Agreement with each of them; provided, however, that if all or any portion of such
excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the extent of such Lender’s ratable share
(according to the proportion of (a) the amount of the participation sold by such Lender to the purchasing Lender as a result of such excess payment to (b) the total amount of such excess payment) of such recovery, together with an amount
equal to such Lender’s ratable share (according to the proportion of (i) the amount of such Lender’s required repayment to the purchasing Lender to (ii) the total amount of all such required repayments to the purchasing Lender)
of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered. The Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this Section 2.14 may, to
the fullest extent permitted by law, unless and until rescinded as provided above, exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of the
Borrower in the amount of such participation. 
 Section 2.15 Increase of Revolving Commitment. 

(a) At any time prior to the Maturity Date, the Borrower may effectuate no more than two increases in the aggregate Revolving Commitments
by an aggregate amount not greater than $1,000,000,000 (any such increase, a “Commitment Increase”), by designating either one or more of the existing Lenders (each of which, in its sole discretion, may determine whether and to what
degree to participate in such Commitment Increase) or one or more other banks or other financial institutions (reasonably acceptable to the Administrative Agent, the Issuing Lenders and the Swingline Lenders) that at the time agree, in the case of
any such bank or financial institution that is an existing Lender to increase its Revolving Commitment as such Lender shall so select (an “Increasing Lender”) and, in the case of any other such bank or financial institution (an
“Additional Lender”), to become a party to this Agreement; provided, however, that (i) the aggregate Revolving Commitments shall not at any time exceed $4,500,000,000 and (ii) the minimum amount of each such
Commitment Increase shall not be less than $100,000,000. The sum of the increases in the Revolving Commitments of the Increasing Lenders plus the Revolving Commitments of the Additional Lenders upon giving effect to the Commitment Increase shall not
in the aggregate exceed the amount of the Commitment Increase. The Borrower shall provide prompt notice of any proposed Commitment Increase pursuant to this Section 2.15 to the Administrative Agent and the Lenders. 

(b) Any Commitment Increase shall become effective upon (i) the receipt by the Administrative Agent of (A) an agreement in form
and substance satisfactory to the Administrative Agent signed by the Borrower, each Increasing Lender and each Additional Lender, setting forth the new Revolving Commitment of each such Lender and setting forth the agreement of each Additional
Lender to become a party to this Agreement and to be bound by all the terms and provisions hereof binding upon each Lender, and (B) such evidence of appropriate authorization on the part of the Borrower with respect to the Commitment Increase
and such opinions of counsel for the Borrower with respect to the Commitment Increase as the Administrative Agent may reasonably request, and (ii) receipt by the 

  
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Administrative Agent of a certificate (the statements contained in which shall be true) of a Responsible Officer of the Borrower stating that both before and after giving effect to such
Commitment Increase (A) no Event of Default has occurred and is continuing, and (B) all representations and warranties made by the Borrower in this Agreement are true and correct in all material respects, unless such representation or
warranty relates to an earlier date. 
 (c) The Borrower shall prepay any Advances outstanding on the effective date of such
Commitment Increase to the extent necessary to keep the outstanding Revolving Advances ratable with any revised Pro Rata Share arising from any nonratable increases in the Revolving Commitments under this Section 2.15. 

(d) Notwithstanding any provision contained herein to the contrary, from and after the date of any Commitment Increase, all calculations
and payments of interest on the Advances shall take into account the actual Revolving Commitment of each Lender and the principal amount outstanding of each Advance made by such Lender during the relevant period of time. 

Section 2.16 Mitigation Obligations; Lender Replacement; Termination of Defaulting Lender. 

(a) Designation of a Different Lending Office. If any Lender requests compensation under Section 2.9, or requires the Borrower
to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.11, then such Lender shall (at the request of the Borrower) use reasonable efforts to designate a
different lending office for funding or booking its Advances hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 2.9 or 2.11, as the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to
such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designatifon or assignment. 
 (b) Right to Replace. The Borrower shall have the right to replace each Lender affected by a condition under Sections 2.2(c)(v), 2.2(c)(viii), 2.9, 2.11 or 2.12, each Lender that is a Defaulting
Lender, a Non-Approving Lender or a Non-Consenting Lender and each Lender that is due interest based on the Mandatory Cost Rate (each such Lender, an “Affected Lender”) in accordance with the procedures in this Section 2.16 and
provided that (i) no reduction of the total Revolving Commitments occurs as a result thereof, (ii) such Affected Lender has declined or is unable to designate a different lending office in accordance with Section 2.16(a) to remedy any
such condition, (iii) the condition entitling the Borrower to require such replacement has not ceased to apply and (iv) such assignment does not conflict with applicable law. 

(c) Procedure. Any assumptions of Revolving Commitments pursuant to this Section 2.16 shall be made by the purchasing Lender
or Eligible Assignee and the selling Lender by entering into an Assignment and Assumption and by following the procedures in Section 9.6 for adding a Lender; provided that the Borrower or the assignee (if such assignee is not the Administrative
Agent or its Affiliate) shall have paid to the Administrative Agent the assignment fee (if any) specified in Section 9.6(a), which may be waived by the Administrative Agent in its sole discretion. In connection with the increase of the
Revolving Commitments of any Lender or the introduction of any Eligible Assignee pursuant to the foregoing paragraph (b), each Lender with an increased Revolving Commitment and each new Eligible Assignee shall purchase from the Affected Lenders at
par such Lender’s or such new Lender’s ratable share of the outstanding Advances, funded participations, accrued interest thereon and accrued fees of the Affected Lenders (and provided that the Borrower shall be obligated to pay any other
amounts payable to any such Affected Lender under the Credit Documents, including pursuant to Section 2.8 hereof) and shall be automatically deemed to have assumed such Lender’s or such new Lender’s ratable share of the Affected
Lenders’ participations in Letter of Credit Exposure. 

  
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 (d) Termination of Defaulting Lender. 

(i) Entire Revolving Commitment. At any time when a Lender is then a Defaulting Lender, the Borrower, at the
Borrower’s election, may elect to terminate such Defaulting Lender’s Revolving Commitment hereunder; provided that (A) the Borrower must elect to terminate such Defaulting Lender’s entire Commitment, (B) the Borrower shall
pay to the Administrative Agent all amounts owed by the Borrower to such Defaulting Lender in its capacity as a Lender under this Agreement and under the other Credit Documents (excluding any amounts owing under Section 2.8 as result of such
payment) and shall, to the extent such Defaulting Lender’s ratable share of the Letter of Credit Exposure has not been, or has only partially been, reallocated pursuant to Section 2.20(a)(iv), deposit with the Administrative Agent into the
Cash Collateral Account cash collateral in the amount equal to such Defaulting Lender’s Fronting Exposure (after giving effect to any partial reallocation pursuant to Section 2.20(a)(iv)), (C) a Defaulting Lender’s Revolving
Commitment may be terminated by the Borrower under this Section 2.16(d) only if at such time, the Borrower has elected, or is then electing, to terminate the Revolving Commitments of all then existing Defaulting Lenders and (D) such
termination shall not be permitted if a Default has occurred and is continuing. Upon written notice to the Defaulting Lender and the Administrative Agent of the Borrower’s election to terminate such Defaulting Lender’s Commitment pursuant
to this clause (i) and the payment and deposit of amounts required to be made by the Borrower under clause (B) above, (1) such Defaulting Lender shall cease to be a “Lender” hereunder for all purposes except that such
Lender’s rights and obligations as a Lender under Sections 2.9, 2.11, 8.5 and 9.7 shall continue with respect to events and occurrences occurring before or concurrently with its ceasing to be a “Lender” hereunder, (2) such
Defaulting Lender’s Revolving Commitment shall be deemed terminated in whole and (3) such Defaulting Lender shall be relieved of its obligations hereunder as a “Lender” except as to its obligations under Section 8.5 with
respect to events and occurrences occurring before or concurrently with its ceasing to be a “Lender” hereunder, provided that any such termination will not be deemed to be a waiver or release of any claim by the Borrower, the
Administrative Agent, any Swing Line Lender, any Issuing Lender or any Lender against such Defaulting Lender. 

(ii) Unused Commitment Termination. The Borrower may terminate the unused amount of the Revolving Commitment of any
Lender that is a Defaulting Lender upon not less than 30 Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of Section 2.20(a)(ii) will apply to all
amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided that (i) no Event of Default shall have occurred and
be continuing, (ii) such termination shall not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, any Issuing Lender, the Swingline Lender or any Lender may have against such Defaulting Lender, and
(iii) to the extent such Defaulting Lender’s ratable share of the Letter of Credit Exposure has not been, or has only partially been, reallocated pursuant to Section 2.20(a)(iv), the Borrower shall deposit with the Administrative
Agent into the Cash Collateral Account cash collateral in the amount equal to such Defaulting Lender’s Fronting Exposure (after giving effect to any partial reallocation pursuant to Section 2.20(a)(iv)). 

  
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 Section 2.17 Currency Fluctuations, Mandatory Prepayments and Deposits in the Cash
Collateral Accounts. 
 (a) Not later than 1:00 p.m., Houston, Texas time, on each Computation Date, the Administrative Agent
shall determine the Exchange Rate as of such Computation Date and give notice thereof to the Borrower, each Lender, Swingline Lender and Issuing Lender. The Exchange Rate so determined shall become effective on the first Business Day after such
Computation Date and shall remain effective through the next succeeding Computation Date. 
 (b) If, on any Computation Date, the
Dollar Amount of the sum of the outstanding principal amount of Revolving Advances plus the outstanding principal amount of Swingline Advances plus the Letter of Credit Exposure exceeds an amount equal to 102% of the aggregate Revolving Commitments
then in effect, then the Administrative Agent shall give notice thereof to the Borrower and the Lenders, and the Borrower shall within five (5) Business Days thereafter prepay Advances, or if the Advances have been repaid or prepaid in full,
make deposits into the Cash Collateral Account, such that after giving effect to such prepayment of Advances or deposits into the Cash Collateral Account, the Dollar Amount of the sum of the outstanding principal amount of Revolving Advances plus
the outstanding principal amount of Swingline Advances plus the Letter of Credit Exposure does not exceed the aggregate Revolving Commitments then in effect. 
 (c) If any currency shall cease to be an Agreed Currency as provided in the last sentence of the definition of “Agreed Currency”, then promptly, but in any event within five (5) Business
Days of receipt of the notice from the Administrative Agent provided for in such sentence, the Borrower shall repay all Advances funded and denominated in such affected currency or Convert such Advances into Advances in Dollars or another Agreed
Currency, subject to the other terms set forth in Article II. 
 (d) Each prepayment pursuant to this Section 2.17 shall be
accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.8 as a result of such prepayment being made on such date. 

(e) Each payment of any Advance pursuant to this Section 2.17 or any other provision of this Agreement shall be made in a manner such
that all Advances comprising part of the same Borrowing are paid in whole or ratably in part and each payment of an Advance shall be made in the Designated Currency in which such Advance was funded. 

Section 2.18 Market Disruption. Notwithstanding the satisfaction of all conditions referred to herein with respect to any
proposed Borrowing consisting of Eurocurrency Advances denominated in any Foreign Currencies, if there shall occur on or prior to the date of such Borrowing any change in national or international financial, political or economic conditions or
currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent or the Majority Lenders, make it impracticable for such Borrowing to be denominated in the Agreed Currency designated by the Borrower,
then the Administrative Agent shall forthwith give notice thereof to the Borrower and the Lenders, and such Advances shall not thereafter be denominated and funded in such Agreed Currency but shall, except as otherwise set forth in Article II, be
made on such date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Notice of Borrowing, as the case may be, as Adjusted Base Rate Advances to the Borrower, unless the
Borrower notifies the Administrative Agent at least one Business Day before such date that it elects not to borrow on such date. 

  
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 Section 2.19 Extension of Maturity Date. 

(a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of the Closing Date, the Borrower may, upon
notice to the Administrative Agent (which shall promptly notify the Lenders), request a one year extension of the Maturity Date then in effect (the “Present Maturity Date”). This option may be exercised only twice. Within 30 days of
delivery of such notice, 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 Borrower and the Lenders of the Lenders’ responses. 

(b) The Maturity Date shall be extended only if the consenting Lenders (the “Consenting Lenders”) constitute Majority
Lenders and only if the Revolving Commitments of the Consenting Lenders are at least equal to the Outstandings, after giving effect to the prepayment of Advances to Non-Consenting Lenders. If so extended, the Maturity Date, as to the Consenting
Lenders, shall be extended to the same date in the following year, effective as of the Maturity Date then in effect (such extended Maturity Date being the “Extension Maturity Date”). All non consenting Lenders
(“Non-Consenting Lenders”) shall continue to be subject to the Maturity Date in effect prior to the effectiveness of the Extension Maturity Date (such existing Maturity Date being the “Present Maturity Date”). The
Administrative Agent and the Borrower shall promptly confirm to the Lenders such extension and the Extension Maturity Date. As a condition precedent to such extension, the Borrower shall pay or prepay all Advances, interest thereon and all other
amounts due each Non-Consenting Lender on or before the Present Maturity Date, and shall deliver to the Administrative Agent a certificate of the Borrower (in sufficient copies for each Lender) signed by a Responsible Officer of the Borrower
(i) certifying and attaching the resolutions adopted by the Borrower approving or consenting to such extension and (ii) certifying that, before and after giving effect to such extension, (A) the representations and warranties
contained in Article IV and the other Credit Documents are true and correct in all material respects, except to the extent that such representations and warranties expressly relate solely to an earlier date, in which case they shall have been true
and correct in all material respects as of such earlier date, and except that for purposes of this Section 2.19, the representations and warranties contained in Section 4.6 shall be deemed to refer to the most recent statements furnished
pursuant to subsection (b) of Section 5.6, and (B) no Default exists. If the Maturity Date has been extended, each Consenting Lender shall automatically be deemed to have purchased participations in each Letter of Credit, the related
Letter of Credit Exposure, and each Swingline Advance equal to such Consenting Lender’s Pro Rata Share thereof after giving effect to the departure of the Non-Consenting Lenders and the elimination of their Revolving Commitments. 

(c) This Section shall supersede any provisions in Section 2.14 or 9.1 to the contrary. 

(d) The Borrower shall prepay any Advances outstanding on the Present Maturity Date (and pay any additional amounts required pursuant to
Section 2.8) or borrow additional amounts to the extent necessary to keep outstanding Revolving Advances ratable with any revised and new Revolving Commitment of all Consenting Lenders effective as of the Present Maturity Date. 

Section 2.20 Defaulting Lender. 
 (a) Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer
a Defaulting Lender, to the extent permitted by applicable law: 

  
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 (i) Waivers and Amendments. Such Defaulting Lender’s right to
approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of Majority Lenders. 
 (ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or
mandatory, at maturity, pursuant to Article VII or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 7.6 shall be applied at such time or times as may be determined by the Administrative Agent as
follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Lender or
Swingline Lender hereunder; third, to Cash Collateralize, on a pro rata basis, the Issuing Lenders’ and the Swingline Lenders’ Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.20(b);
fourth, as the Borrower may request (so long as no Default exists), to the funding of any Advance in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the
Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations
with respect to Advances under this Agreement and (y) Cash Collateralize the Issuing Lenders’ and the Swingline Lenders’ future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued
under this Agreement and Swingline Advances made under this Agreement, in accordance with Section 2.20(b); sixth, to the payment of any amounts owing to the Lenders, the Issuing Lenders or Swingline Lenders as a result of any judgment of
a court of competent jurisdiction obtained by any Lender, the Issuing Lenders or Swingline Lenders against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as
no Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of
its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Advances or Letters
of Credit in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Advances were made or the related Letters of Credit were issued at a time when the conditions set forth in Sections 3.2 and 3.3 were
satisfied or waived, such payment shall be applied solely to pay the Advances of, and Letter of Credit Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Advances of, or Letter of Credit
Obligations owed to, such Defaulting Lender until such time as all Advances and funded and unfunded participations in Letters of Credit and Swingline Advances are held by the Lenders pro rata in accordance with the Revolving Commitments without
giving effect to Section 2.20(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this
Section 2.20(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 
 (iii) Certain Fees. 
 (A) No Defaulting Lender shall be
entitled to receive any Commitment Fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

  
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 (B) Each Defaulting Lender shall be entitled to receive fees set forth in
Section 2.3(b) for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Pro Rata Share of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to
Section 2.20(b). 
 (C) With respect to any fee not required to be paid to any Defaulting Lender pursuant to
clause (B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in Letters of Credit that has
been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to each Issuing Lender the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Lender’s
Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 
 (iv) Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in Letters of Credit and Swingline Advances shall be reallocated
among the Non-Defaulting Lenders in accordance with their respective Pro Rata Shares of the aggregate amount of the Revolving Commitment (calculated without regard to such Defaulting Lender’s Revolving Commitment) but only to the extent that
(x) the conditions set forth in Sections 3.2 and 3.3 are satisfied at the time of such reallocation (and, unless the Borrower shall have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have represented
and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause any Non-Defaulting Lender’s Pro Rata Share of the Aggregate Exposure to exceed such Non-Defaulting Lender’s Revolving Commitment.
No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of
such Non-Defaulting Lender’s increased exposure following such reallocation. 
 (b) Cash Collateral; Prepayment of
Swingline. At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or any Issuing Lender (with a copy to the Administrative Agent), the Borrower shall Cash
Collateralize the Issuing Lenders’ Fronting Exposure, as requested, with respect to such Defaulting Lender (determined after giving effect to Section 2.20(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not
less than the applicable Minimum Collateral Amount. At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or any Swing Line Lender (with a copy to the Administrative
Agent), the Borrower shall either (i) Cash Collateralize the Swingline Lenders’ Fronting Exposure, as requested, with respect to such Defaulting Lender (determined after giving effect to Section 2.20(a)(iv) and any Cash Collateral
provided by such Defaulting Lender) in an amount not less than the applicable Minimum Collateral Amount or (ii) prepay Swingline Advances in an amount equal to the Swingline Lenders’ Fronting Exposure as to Swingline Advances. 

(i) Grant of Security Interest. The Borrower, and to the extent provided by any Defaulting Lender, such Defaulting
Lender to the extent not prohibited under applicable law, hereby grants to the Administrative Agent, for the benefit of the Issuing Lenders and the Swingline Lenders, and agrees to maintain, a first priority security interest in all such Cash
Collateral as security for the Defaulting Lenders’ obligation to fund participations in respect of Letter of Credit Obligations and Swingline Advances, to be applied pursuant to clause (ii) below and the introductory paragraph of this
Section 2.20(b). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the 

  
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Administrative Agent, the Issuing Lenders, and the Swingline Lenders, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower will, promptly upon
demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the Defaulting Lender).

 (ii) Application. Notwithstanding anything to the contrary contained in this Agreement but subject to
the introductory paragraph of this Section 2.20(b), (A) Cash Collateral provided under this Section 2.20(b) in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund
participations in respect of Letter of Credit Obligations (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of
such property as may otherwise be provided for herein and (B) Cash Collateral provided under this Section 2.20(b) in respect of Swingline Advances shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund
participations in respect of Swingline Advances (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of such
property as may otherwise be provided for herein. 
 (iii) Cash Collateral, Repayment of Swingline
Advances. If the reallocation described in Section 2.20(a)(iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first prepay or
Cash Collateralize the Swingline Advances as set forth above in this Section 2.20(b), and (y) second, Cash Collateralize the Issuing Lenders’ Fronting Exposure as set forth above in this Section 2.20(b). 

(iv) Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any
Issuing Lender’s or any Swingline Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.20(b) following (i) the elimination of the applicable Fronting Exposure (including
by the termination of Defaulting Lender status of the applicable Lender) with respect to Letters of Credit and Swingline Advances, or (ii) the determination by the Administrative Agent, each Swingline Lender and each Issuing Lender that there
exists excess Cash Collateral; provided that, the Person providing Cash Collateral, the Issuing Lenders and the Swingline Lenders may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

 (c) Defaulting Lender Cure. If the Borrower, the Administrative Agent and each Swingline Lender and each Issuing Lender
agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may
include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Advances of the other Lenders or take such other actions as the Administrative Agent may determine to
be necessary to cause the Advances and funded and unfunded participations in Letters of Credit and Swingline Advances to be held pro rata by the Lenders in accordance with the Revolving Commitments (without giving effect to
Section 2.20(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a
Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder
arising from that Lender’s having been a Defaulting Lender. 

  
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 (d) New Swingline Advances/Letters of Credit. So long as any Lender is a Defaulting
Lender, (i) no Swingline Lender shall be required to fund any Swingline Advances unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Advance and (ii) no Issuing Lender shall be required to
issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 
 ARTICLE III 
 CONDITIONS OF LENDING 

Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit. The obligations of each Lender to
make the initial Advance and of any Issuing Lender to issue an initial Letter of Credit, including the deemed issuance of the Existing Letters of Credit, shall be subject to the conditions precedent that: 

(a) Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and
substance satisfactory to the Administrative Agent, and in sufficient copies for each Lender: 
 (i) this
Agreement; 
 (ii) the Notes (to the extent requested by any Lender under Section 2.2(g)); 

(iii) a certificate from a Responsible Officer of the Borrower dated as of the Closing Date stating that as of the Closing
Date (A) all representations and warranties of the Borrower set forth in this Agreement and the Credit Documents to which it is a party are true and correct in all material respects; (B) no Default or Event of Default has occurred and is
continuing; (C) no Material Adverse Effect has occurred since December 31, 2011 and (D) the conditions in this Section 3.1 have been met; 
 (iv) a certificate of the Secretary or an Assistant Secretary of the Borrower dated as of the date of this Agreement certifying as of the date of this Agreement (A) copies of the articles or
certificate of incorporation and bylaws or other organizational documents of the Borrower, together with all amendments thereto, (B) resolutions of the Board of Directors of such Person with respect to the transactions herein contemplated, and
(C) the names and true signatures of officers of the Borrower authorized to sign the Credit Documents to which the Borrower is a party (including Notices of Borrowing and requests for Letters of Credit). 

(v) certificate of good standing and existence for the Borrower certified by the appropriate governmental officer in its
jurisdiction of formation; 
 (vi) a favorable opinion of each of (A) Haynes and Boone, LLP, counsel to the
Borrower, and (B) Dwight Rettig, general counsel of the Borrower, each dated as of the Closing Date and in form and substance satisfactory to the Administrative Agent; and 

(vii) such other documents, governmental certificates, and agreements as the Administrative Agent may reasonably request.

 (b) Representations and Warranties. The representations and warranties contained in this Agreement and each other
Credit Document shall be true and correct in all material respects. 

  
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 (c) Fees. (i) All fees, costs, and expenses of Wells Fargo and its affiliates
for which invoices have been presented (including legal fees and expenses of counsel to the Administrative Agent) to be paid on the Closing Date shall have been paid, and (ii) the Borrower shall have paid the fees agreed to pursuant to the
terms of the Fee Letters. 
 (d) Termination of Existing Credit Agreement. The Administrative Agent shall have received
sufficient evidence indicating that contemporaneously with the execution and closing of this Agreement all obligations of the Borrower to the lenders and agents under the Existing Credit Agreement shall have been paid in full (other than with
respect to the letters of credit issued thereunder which, on the Closing Date, will constitute Letters of Credit issued hereunder) and the Existing Credit Agreement shall be terminated (excluding any obligations which expressly survive the repayment
of the amounts owing under the Existing Credit Agreement). 
 Section 3.2 Conditions Precedent for each Borrowing or
Letter of Credit. The obligation of each Lender to fund an Advance on the occasion of each Borrowing (other than the Conversion or continuation of any existing Borrowing and other than a Mandatory Revolving Borrowing) and of each Issuing Lender
to issue or increase or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the issuance or increase or extension of such Letter of Credit the following statements shall be true (and
each of the giving of the applicable Notice of Borrowing and the acceptance by the Borrower of the proceeds of such Borrowing or the issuance or increase or extension of such Letter of Credit shall constitute a representation and warranty by the
Borrower that on the date of such Borrowing or the issuance or increase or extension of such Letter of Credit such statements are true): 
 (a) the representations and warranties contained in this Agreement and each of the other Credit Documents are true and correct in all material respects on and as of the date of such Borrowing or the
issuance or increase or extension of such Letter of Credit, before and after giving effect to such Borrowing or to the issuance or increase or extension of such Letter of Credit and to the application of the proceeds from such Borrowing, as though
made on and as of such date, except to the extent that any such representation or warranty expressly relates solely to an earlier date, in which case it shall have been true and correct in all material respects as of such earlier date; and

 (b) no Default has occurred and is continuing or would result from such Borrowing or from the application of the proceeds
therefrom. 
 Section 3.3 Additional Condition Precedent for Initial Borrowing through Authorized Agents. The
obligation of the Lenders (or the Issuing Lenders, as the case may be) to provide the first Borrowing, Conversion or continuation of an existing Borrowing, or issuance, increase or extension of a Letter of Credit that is requested by the Borrower
through an Authorized Agent (“First Authorized Agent Request”), shall be subject to the further condition precedent that on or prior to the date of the First Authorized Agent Request, the Administrative Agent shall have received
from the Borrower (and the applicable Issuing Lender and applicable Swingline Lender shall have received from the Administrative Agent) a secretary’s certificate (a) confirming that the resolutions of the Board of Directors of the Borrower
delivered in satisfaction of Section 3.1(a)(iv) are still in full force and effect, and have not been amended or revised, (b) attaching a true and correct copy of the instrument or agreement whereby such officer, or if appropriate,
the director of the applicable Subsidiary of the Borrower was appointed by a Responsible Officer of the Borrower as an “Authorized Agent” and verifying the incumbency of such Responsible Officer, and (c) attaching a true and
correct copy of an officer’s, or if appropriate, a director’s certificate of the relevant Subsidiary attesting to the incumbency of the Person so designated as the Authorized Agent (which shall include a specimen signature of such Person
and show that such Person holds one of the offices specified in the Board Resolutions of the Borrower confirmed in clause (a).) 

  
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 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 The Borrower represents and warrants as
follows: 
 Section 4.1 Corporate Existence; Subsidiaries. Each of the Borrower and its Subsidiaries is a
corporation, partnership or limited liability company duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and in good standing and qualified to do business in each jurisdiction where its
ownership or lease of property or conduct of its business requires such qualification and where a failure to be qualified or to be in good standing could reasonably be expected to have a Material Adverse Effect. 

Section 4.2 Authorization and Validity. The execution, delivery, and performance by the Borrower of the Credit Documents to
which it is a party and the consummation of the transactions contemplated hereby and thereby (a) are within the Borrower’s power and authority, and (b) have been duly authorized by all necessary corporate action. 

Section 4.3 Corporate Power. The execution, delivery, and performance by the Borrower of the Credit Documents to which it is
a party and the consummation of the transactions contemplated hereby and thereby (a) do not contravene (i) the Borrower’s articles or certificate of incorporation, bylaws or other organizational documents or (ii) any Legal
Requirement or any contractual restriction binding on or affecting the Borrower or its Property, the contravention of which could reasonably be expected to have a Material Adverse Effect, and (b) will not result in or require the creation or
imposition of any Lien prohibited by this Agreement. At the time of each Borrowing and each issuance, extension or amendment of a Letter of Credit, such Borrowing (including any requested by an Authorized Agent on behalf of the Borrower) and such
issuance, extension or amendment of a Letter of Credit and the use of the proceeds thereof will be within the Borrower’s corporate powers, will have been duly authorized by all necessary corporate action, (A) will not contravene
(1) the Borrower’s certificate or articles of incorporation or bylaws or (2) any Legal Requirement or contractual restriction binding on or affecting the Borrower, the contravention of which could reasonably be expected to have a
Material Adverse Effect, and (B) will not result in or require the creation or imposition of any Lien prohibited by this Agreement. 
 Section 4.4 Authorization and Approvals. No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is required for the due execution,
delivery and performance by the Borrower of the Credit Documents to which it is a party or the consummation of the transactions contemplated thereby. At the time of each Borrowing and each issuance, extension or amendment of a Letter of Credit, no
authorization or approval or other action by, and no notice to or filing with, any Governmental Authority will be required for such Borrowing, such issuance, extension or amendment of a Letter of Credit or the use of the proceeds thereof.

 Section 4.5 Enforceable Obligations. This Agreement, the Notes, and the other Credit Documents to which the
Borrower is a party have been duly executed and delivered by the Borrower. Each Credit Document is the legal, valid, and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as such enforceability
may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium, or similar law affecting creditors’ rights generally and by general principles of equity (whether considered in proceeding at law or in equity). 

  
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 Section 4.6 Financial Statements. The audited Consolidated balance sheet and
related Consolidated statements of operations, shareholders’ equity and cash flows, of the Borrower and its consolidated Subsidiaries set forth in the Form 10-K filed by the Borrower on February 23, 2012 with the SEC for the fiscal year
ended December 31, 2011, fairly present in all material respects the Consolidated financial condition of the Borrower and its consolidated Subsidiaries as at such date and the results of the operations of the Borrower and its consolidated
Subsidiaries for the year ended on such date, and such balance sheet and statements were prepared in accordance with GAAP. 

Section 4.7 True and Complete Disclosure. No information, exhibit, report, representation, warranty, or other statement
furnished or made by the Borrower or any Subsidiary (or on behalf of the Borrower or any Subsidiary) to the Administrative Agent or any Lender in connection with the negotiation of, or compliance with, this Agreement or any other Credit Document
contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements contained therein not misleading in any material respect in light of the circumstances in which they were made as of the date of
this Agreement. All projections, estimates, and pro forma financial information furnished by the Borrower or on behalf of the Borrower were prepared on the basis of assumptions, data, information, tests, or conditions believed to be reasonable at
the time such projections, estimates, and pro forma financial information were furnished. 
 Section 4.8 Litigation.
There is no pending or, to the knowledge of any of their executive officers, threatened, litigation, arbitration, governmental investigation, inquiry, action or proceeding affecting the Borrower or any of its Subsidiaries before any court,
Governmental Authority or arbitrator, which could reasonably be expected to have a Material Adverse Effect or which purports to affect the legality, validity, binding effect or enforceability of this Agreement, any Note, or any other Credit
Document. 
 Section 4.9 Use of Proceeds. 
 (a) Advances and Letters of Credit. The proceeds of the Advances and the Letters of Credit will be used by the Borrower (i) to refinance existing Indebtedness, (ii) pay fees and expenses
incurred in connection with the transactions contemplated hereby, and (iii) for working capital and general corporate purposes of the Borrower and its Subsidiaries. 
 (b) Regulations. Neither the Borrower nor any of its Subsidiaries has taken any action that could result in a violation by the Administrative Agent, any Issuing Lender, any Swingline Lender or any
Lender in connection with or relating to this Agreement or any other Credit Document and the advances and other transactions contemplated hereby and thereby, of Regulations T, U, or X of the Federal Reserve Board, as the same is in effect from time
to time, and all official rulings and interpretations thereunder or thereof . The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the
meaning of Regulation U issued by the Federal Reserve Board), or extending credit for the purpose of purchasing or carrying margin stock. Following the application of the proceeds of each Borrowing or drawing under each Letter of Credit, not more
than 25% of the value of the assets (either of the Borrower only or of the Borrower and its Subsidiaries on a consolidated basis) subject to the provisions of Section 6.1 or Section 6.5 or subject to any restriction contained in any
agreement or instrument between the Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness and within the scope of Section 7.1(d) will be margin stock. 

Section 4.10 Investment Company Act. Neither the Borrower nor any of its Subsidiaries is an “investment company” or
a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

  
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 Section 4.11 Taxes. All federal, state, local and foreign tax returns, reports
and statements required to be filed (after giving effect to any extension granted in the time for filing) by the Borrower, its Subsidiaries or any member of the Controlled Group (hereafter collectively called the “Tax Group”) have
been filed with the appropriate Governmental Authorities in all jurisdictions in which such returns, reports and statements are required to be filed, except (a) where contested in good faith and by appropriate proceedings or (b) where the
non-filing thereof could not reasonably be expected to result in a Material Adverse Effect. All taxes and other impositions due and payable by the Tax Group have been timely paid prior to the date on which any fine, penalty, interest, late charge or
loss may be added thereto for non-payment thereof except (i) where contested in good faith and by appropriate proceedings and as to which adequate reserves have been established or (ii) where the non-payment thereof could not reasonably be
expected to result in a Material Adverse Effect. Neither the Borrower nor any member of the Tax Group has given, or been requested to give, a waiver of the statute of limitations relating to the payment of any federal, state, local or foreign taxes
or other impositions. 
 Section 4.12 Pension Plans. No Termination Event or Reportable Event has occurred with
respect to any Plan that would result in an Event of Default under Section 7.1(g) or that could reasonably be expected to result in a Material Adverse Effect, and, except for matters that could not reasonably be expected to result in a Material
Adverse Effect, each Plan has complied with and been administered in all material respects in accordance with applicable provisions of ERISA and the Code. No “accumulated funding deficiency” (as defined in Section 302 of ERISA) has
occurred and there has been no excise tax imposed under Section 4971 of the Code except for the occurrence of such funding deficiency or the imposition of such taxes that could not reasonably be expected to result in a Material Adverse Effect.
Neither the Borrower nor any member of the Controlled Group has had a complete or partial withdrawal from any Multiemployer Plan for which there is any withdrawal liability that could reasonably be expected to result in a Material Adverse Effect or
an Event of Default under Section 7.1(g). Except for matters that could not reasonably result in a Material Adverse Effect, as of the most recent valuation date applicable thereto, neither the Borrower nor any member of the Controlled Group
would become subject to any liability under ERISA if the Borrower or any Subsidiary of the Borrower has received notice that any Multiemployer Plan is insolvent or in reorganization. 

Section 4.13 Reserved. 
 Section 4.14 Insurance. The Borrower and each of its Subsidiaries carry insurance with reputable insurers in respect of such of their respective Properties, in such amounts and against such
risks as is customarily maintained by other Persons of similar size engaged in similar businesses or, self-insure to the extent that is customary for Persons of similar size engaged in similar businesses. 

Section 4.15 No Defaults. No Default or Event of Default has occurred and is continuing. 

Section 4.16 Permits, Licenses, etc. The Borrower and its Subsidiaries possess all certificates of public convenience,
authorizations, permits, licenses, patents, patent rights or licenses, trademarks, trademark rights, trade names rights and copyrights which are material to the conduct of its business except where the failure to so possess could not reasonably be
expected to result in a Material Adverse Effect. 
 Section 4.17 Compliance with Laws. The Borrower and its
Subsidiaries have complied with all applicable Legal Requirements (including Environmental Laws) having jurisdiction over the conduct of their respective businesses or the ownership of their respective Property except for any failure to comply which
could not reasonably be expected to have a Material Adverse Effect. 

  
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 Section 4.18 OFAC; Anti-Terrorism. Neither the Borrower nor any Subsidiary of
the Borrower is in violation of any of the country or list based economic and trade sanctions administered and enforced by OFAC (“Sanctions”). Neither the Borrower nor any Subsidiary of the Borrower (a) is a Sanctioned Person
or a Sanctioned Entity, (b) has its assets located in Sanctioned Entities, or (c) derives revenues from investments in, or transactions with Sanctioned Persons or Sanctioned Entities. No proceeds of any Advance or Letter of Credit will be
used to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Entity in any manner that would result in any violation by any Person (including any Lender, Arranger, the
Administrative Agent, Issuing Lender or Swing Line Lender) of any Sanction. 
 ARTICLE V 

AFFIRMATIVE COVENANTS 
 So long as any Obligation shall remain unpaid, any Letter of Credit shall remain outstanding, or any Lender shall have any Revolving Commitment hereunder, the Borrower agrees, unless the Majority Lenders
shall otherwise consent in writing, to comply with the following covenants. 
 Section 5.1 Compliance with Laws,
Etc. The Borrower will, and will cause each of its Subsidiaries to, comply in all respects with all Legal Requirements (including Environmental Laws and ERISA) to which it or its Properties may be subject except for any failure to comply which
could not reasonably be expected to have a Material Adverse Effect. 
 Section 5.2 Insurance. The Borrower will, and
will cause each of its material Subsidiaries to, maintain insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in similar businesses and
owning similar properties in the same general areas in which the Borrower or such Subsidiary operates, provided that the Borrower or such Subsidiary may self-insure to the extent and in the manner normal for similarly situated companies of
like size, type and financial condition that are part of a group of companies under common control. Upon the written request of Administrative Agent, the Borrower shall deliver certificates evidencing such insurance and copies of the underlying
policies to the Administrative Agent and any Lender as they are available. 
 Section 5.3 Preservation of Existence,
Etc. The Borrower will, and will cause each of its Subsidiaries to, preserve and maintain its existence, rights, franchises and privileges in the jurisdiction of its formation, and qualify and remain qualified, and cause each such Subsidiary to
qualify and remain qualified, as a foreign entity in each jurisdiction in which qualification is necessary or desirable in view of its business and operations or the ownership of its properties, and, in each case, where failure to qualify or
preserve and maintain its existence, rights, franchises or privileges could reasonably be expected to have a Material Adverse Effect; provided, however, that nothing contained in this Section 5.3 shall prevent any transaction permitted
by Section 6.5. 
 Section 5.4 Payment of Taxes, Etc. The Borrower will, and will cause each of its
Subsidiaries to, timely file complete and correct United States federal and applicable foreign, state and local tax returns required by applicable Legal Requirements and pay when due (a) all taxes, assessments and governmental charges or levies
imposed upon it or upon its income, profits or Property prior to the date on which penalties attach thereto, and (b) all lawful claims which, if unpaid, might by law become a Lien upon its Property; provided, however, that neither
the Borrower nor any such Subsidiary shall be required to file any such tax returns or pay or discharge any such tax, assessment, charge, levy, or claim (i) which is being contested in good faith and by appropriate proceedings, and with respect
to which reserves in conformity with GAAP have been established, or (ii) the non-payment of which could not reasonably be expected to result in a Material Adverse Effect. 

  
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 Section 5.5 Visitation Rights. The Borrower will, and will cause its material
Subsidiaries to, permit the Administrative Agent or any of its agents or representatives thereof, and at any time that an Event of Default exists, any Lender or any of its agents or representatives thereof, to inspect any of the Property, books and
financial records of the Borrower and each material Subsidiary, to examine and make copies of and abstracts from the records and books of account of the Borrower and each material Subsidiary, and to discuss the affairs, finances and accounts of the
Borrower and each material Subsidiary with, and to be advised as to the same by, any of their respective officers or directors upon reasonable prior written notice and at such reasonable times and intervals as may be mutually agreed upon by the
Administrative Agent or such Lender, as applicable, and the Borrower. 
 Section 5.6 Reporting Requirements. The
Borrower will furnish to the Administrative Agent: 
 (a) Quarterly Financials. As soon as available and in any event not
later than 5 Business Days after the Form 10-Q of the Borrower is required to be filed with the SEC (or if no such requirement exists, then no later than 45 days after each fiscal quarter end), (i) to the extent not otherwise provided in the
Form 10-Q for such fiscal quarter end, the unaudited Consolidated balance sheets of Borrower as of the end of such quarter and the related unaudited statements of income, shareholders’ equity and cash flows of the Borrower for the period
commencing at the end of the previous year and ending with the end of such quarter, and the corresponding figures as at the end of, and for, the corresponding period in the preceding fiscal year, all in reasonable detail and duly certified with
respect to such statements (subject to year-end audit adjustments) by a senior financial officer of the Borrower as having been prepared in accordance with GAAP, (ii) the Form 10-Q filed with the SEC for such fiscal quarter end, and
(iii) a Compliance Certificate duly executed by a Responsible Officer; 
 (b) Annual Financials. As soon as available
and in any event not later than 5 Business Days after the Form 10-K of the Borrower is required to be filed with the SEC (or if no such requirement exists, then no later than 90 days after each fiscal year end), (i) to the extent not otherwise
provided in the Form 10-K for such fiscal year end, an unqualified (except for qualifications relating to changes in accounting principles or practices reflecting changes in generally accepted accounting principles and required or approved by the
Borrower’s independent certified public accountants) audit report and opinion for such year for the Borrower, including therein audited Consolidated balance sheets of the Borrower and its Consolidated Subsidiaries as of the end of such fiscal
year and the related Consolidated statements of income, shareholders’ equity and cash flows of the Borrower for such fiscal year, and the corresponding figures as at the end of, and for, the preceding fiscal year, and, in the case of such
Consolidated financial statements certified by independent certified public accountants of recognized standing acceptable to the Administrative Agent and including any management letters delivered by such accountants to the Borrower in connection
with such audit, (ii) the Form 10-K filed with the SEC for such fiscal year end, and (iii) a Compliance Certificate duly executed by a Responsible Officer; 
 (c) Securities Law Filings. Promptly after the sending or filing thereof, copies of all material proxy material, reports and other information which the Borrower or any of its Subsidiaries sends to
or files with the SEC or sends to any shareholder of the Borrower or of any of its Subsidiaries; 
 (d) Defaults. Promptly
after the occurrence of each Default known to a Responsible Officer of the Borrower or any of its material Subsidiaries, a statement of a Responsible Officer of the Borrower setting forth the details of such Default and the actions which the
Borrower has taken and proposes to take with respect thereto; 

  
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 (e) ERISA Notices. Except as to any matter which could not reasonably be expected to
have a Material Adverse Effect, promptly (i) after the Borrower or any of its Subsidiaries knows or has reason to know that any Termination Event or Reportable Event has occurred, (ii) after receipt thereof by the Borrower or any of its
Subsidiaries from the PBGC, copies of each notice received by the Borrower or any such Subsidiary of the PBGC’s intention to terminate any Plan or to have a trustee appointed to administer any Plan; and (iii) after receipt thereof by the
Borrower or any of its Subsidiaries from a Multiemployer Plan sponsor, a copy of each notice received by the Borrower or any of its Subsidiaries concerning the imposition or amount of withdrawal liability pursuant to Section 4202 of ERISA;

 (f) Environmental Notices. Promptly upon the knowledge of any Responsible Officer of the Borrower of receipt thereof by
the Borrower or any of its Subsidiaries, a copy of any form of notice, summons or citation received from the United States Environmental Protection Agency, or any other Governmental Authority directly engaged in protection of the environment or in
overseeing compliance with Environmental Laws, concerning (i) material violations or alleged violations of Environmental Laws, which seeks to impose liability therefor and which, based upon information reasonably available to the Borrower at
the time or after such violation, could reasonably be expected to have a Material Adverse Effect, (ii) any action or omission on the part of the Borrower or any of its present or former Subsidiaries in connection with Hazardous Waste or
Hazardous Substances which, based upon information reasonably available to the Borrower at the time of such receipt, could reasonably be expected to have a Material Adverse Effect, (iii) any notice of potential responsibility under any
Environmental Law which could reasonably be expected to have a Material Adverse Effect, or (iv) the filing of a Lien other than a Permitted Lien upon, against or in connection with the Borrower, its present or former Subsidiaries, or any of
their leased or owned Property, wherever located; 
 (g) Other Governmental Notices or Actions. Promptly after receipt
thereof by the Borrower or any of its Subsidiaries, and the knowledge of such receipt by a Responsible Officer of the Borrower or any inside counsel of the Borrower, a copy of any written notice, summons, citation, or proceeding from any
Governmental Authority which could reasonably be expected to have a Material Adverse Effect; 
 (h) Material Litigation.
Promptly after any Responsible Officer of the Borrower or any of its Subsidiaries having knowledge thereof, notice of (A) any pending or threatened litigation, claim or any other action asserting any claim or claims against the Borrower or any
of its Subsidiaries which could reasonably be expected to have a Material Adverse Effect, (B) the occurrence of any mandatory prepayment event, default or event of default under the Senior Note Documents, and (C) any litigation or
governmental proceeding of the type described in Section 4.8; 
 (i) Material Changes. Prompt written notice of any
condition or event of which the Borrower or any Subsidiary has knowledge, which condition or event has resulted or may reasonably be expected to have resulted in a Material Adverse Effect; and 

(j) Other Information. Such other information respecting the business or Properties, or the condition or operations, financial or
otherwise, of the Borrower, or any of its Subsidiaries, as any Lender through the Administrative Agent may from time to time reasonably request. 
 (k) On-Line Information; Electronic Transmission. Any document readily available on-line through the “Electronic Data Gathering, Analysis and Retrieval” system (or any successor system
thereof) maintained by the Securities and Exchange Commission (or any succeeding Governmental Authority), shall be deemed to have been furnished to the Administrative Agent for purposes of this Section 5.06. Documents required to be delivered
pursuant to this Section 5.06 may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s website
on the Internet at www.nov.com or (ii) on which such documents are (or are deemed to be) delivered to the Administrative Agent. 

  
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 Section 5.7 Maintenance of Property. The Borrower will, and will cause each of
its Subsidiaries to, do all things necessary to maintain, preserve, protect and keep its Property in good repair, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be
properly conducted at all times except to the extent that the non-maintenance, non-preservation or non-protection of such Property in such condition could not reasonably be expected to result in a Material Adverse Effect. 

Section 5.8 Use of Proceeds. The Borrower will, and will cause each Subsidiary to, use the proceeds of the Advances for the
purposes set forth under Section 4.9. The Borrower will not, nor will it permit any Subsidiary to, use any of the proceeds of the Advances or the Letters of Credit to purchase or carry any “margin stock” (as defined in Regulation U)
in violation of Regulations T, U or X of the Federal Reserve Board, as the same is from time to time in effect, and all official rulings and interpretations thereunder or thereof. 

ARTICLE VI 

NEGATIVE COVENANTS 
 So long as any Obligation shall remain unpaid, any Letter of Credit shall remain outstanding, or any Lender shall have any Revolving Commitment, the Borrower agrees, unless the Majority Lenders otherwise
consent in writing, to comply with the following covenants. 
 Section 6.1 Liens, Etc. The Borrower will not, or
permit any of its Subsidiaries to, create, assume, incur, or suffer to exist, any Lien of any kind on or in respect of any Property of the Borrower or any of its Subsidiaries, whether now owned or hereafter acquired, except for the following
(“Permitted Liens”): 
 (a) Liens securing the Obligations arising under this Agreement; 

(b) Liens securing other Indebtedness; provided that, the aggregate principal amount of such Indebtedness at any time does not exceed 15%
of the Borrower’s Consolidated Net Worth; 
 (c) Liens arising in the ordinary course of business by operation of law in
connection with workers’ compensation, unemployment insurance, old age benefits, social security obligations, taxes, assessments, statutory obligations or other similar charges; provided, that in each case the obligation secured is not
Indebtedness and is not overdue or, if overdue, is being contested in good faith by appropriate proceedings and reserves in conformity with GAAP have been provided therefor 
 (d) good faith deposits, pledges or other Liens in connection with (or to obtain or support letters of credit in connection with) bids, performance bonds, contracts or leases to which the Borrower or its
Subsidiaries are a party in the ordinary course of business; provided, that in each case the obligation secured is not Indebtedness and is not overdue or, if overdue, is being contested in good faith by appropriate proceedings and reserves in
conformity with GAAP have been provided therefor; 
 (e) mechanics’, workmen, materialmen, landlords’, carriers’
or other similar Liens arising in the ordinary course of business (or deposits to obtain the release of such Liens) provided, that in each case the obligation secured is not Indebtedness and is not overdue or, if overdue, is being contested
in good faith by appropriate proceedings and reserves in conformity with GAAP have been provided therefor; 

  
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 (f) Inchoate Liens under ERISA and liens for Taxes not yet due or which are being contested
in good faith by appropriate proceedings and reserves in conformity with GAAP have been provided therefor; 
 (g) Liens arising
out of judgments or awards against the Borrower or any of its Subsidiaries, or in connection with surety or appeal bonds or the like in connection with bonding such judgments or awards, the time for appeal from which or petition for rehearing of
which shall not have expired or for which the Borrower or such Subsidiary shall be prosecuting on appeal or proceeding for review, and for which it shall have obtained a stay of execution or the like pending such appeal or proceeding for review, and
which would not constitute an Event of Default; 
 (h) rights reserved to or vested in any municipality or governmental,
statutory or public authority by the terms of any right, power, franchise, grant, license or permit, or by any provision of law, to terminate such right, power, franchise, grant, license or permit or to purchase, condemn, expropriate or recapture or
to designate a purchaser of any of the property of a Person; 
 (i) rights reserved to or vested in any municipality or
governmental, statutory or public authority to control, regulate or use any property of a Person; 
 (j) rights of a common owner
of any interest in property held by a Person and such common owner as tenants in common or through other common ownership; 
 (k)
encumbrances, easements, restrictions, servitudes, permits, conditions, covenants, exceptions or reservations in any property or rights-of-way of a Person for the purpose of roads, pipelines, transmission lines, transportation lines, distribution
lines, removal of gas, oil, coal, metals, steam, minerals, timber or other natural resources, and other like purposes, or for the joint or common use of real property, rights-of-way, facilities or equipment, or defects, irregularity and deficiencies
in title of any property or rights-of-way; provided, that in each case the obligation secured is not Indebtedness and is not overdue or, if overdue, is being contested in good faith by appropriate proceedings and reserves in conformity with
GAAP have been provided therefore; 
 (l) zoning, planning and Environmental Laws and ordinances and municipal regulations;

 (m) financing statements filed by lessors of property (but only with respect to the property so leased) and Liens under any
conditional sale or title retention agreements entered into in the ordinary course of business; provided, that in each case the obligation secured is not Indebtedness, 
 (n) rights of lessees of equipment owned by the Borrower or any of its Subsidiaries, and 
 (o) any Liens on cash, short term investments and letters of credit securing Hedging Obligations of the Borrower or any of its Subsidiaries entered into for non-speculative purposes. 

  
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 Section 6.2 Indebtedness. 

(a) The Borrower will not permit any of its Subsidiaries to, incur or permit to exist any Indebtedness, unless the Borrower shall be in
compliance, on a pro forma basis after giving effect to such transactions, with the covenants contained in this Article VI recomputed as of the last day of the most recently ended fiscal quarter of the Borrower as if the transaction in question had
occurred on the first day of each relevant period for testing such compliance. 
 (b) Notwithstanding Section 6.2(a), the
aggregate principal amount of all Indebtedness of Subsidiaries of the Borrower (other than such Indebtedness owing to the Borrower or to a Subsidiary of the Borrower) shall not exceed 15% of the Borrower’s Consolidated Net Worth at any time.

 Section 6.3 Senior Notes. The Borrower will not, and will not permit any Subsidiary to, make any amendment or
modification to the Senior Note Documents other than any such amendment, supplement, change or modification that could not reasonably be expected to be materially adverse to the Lenders and with respect to which the Borrower has provided to the
Administrative Agent and the Lenders a copy of the amendment promptly after the effective date or the date such amendment is executed, if later. 
 Section 6.4 Limitation on Certain Restrictions. The Borrower will not, nor will it permit any of its material Subsidiaries to, directly or indirectly, create or otherwise permit to exist or
become effective any restriction on the ability of any of their Subsidiaries to (i) pay dividends or make any other distributions on its capital stock, or any other interest or participation in its profits, owned by the Borrower or pay any
Indebtedness owed to the Borrower, or (ii) make loans or advances to the Borrower or any of its Subsidiaries, except in either case for restrictions existing under or by reason of any applicable Legal Requirement, this Agreement and the other
Credit Documents or in the Senior Note Documents and except for any restrictions existing in connection with any Subsidiary acquired by the Borrower after the Closing Date which imposition applies solely on such Subsidiary and its Subsidiaries, in
which case the Borrower shall either promptly cause the removal or release of any such restrictions or not advance the proceeds of any Borrowing to such Subsidiary even if otherwise permitted by this Agreement. The Borrower and its Subsidiaries
shall not enter into any agreement other than this Agreement, the Credit Documents and the Senior Note Documents prohibiting the creation or assumption of any Lien upon its properties, revenues or assets, whether now owned or hereafter acquired
(except in connection with any Permitted Liens provided that restriction is limited to the property already subject to the Lien), or prohibiting or restricting the ability of the Borrower to amend or otherwise modify this Agreement or any Credit
Document. 
 Section 6.5 Merger, Consolidation; Asset Sales. 

(a) The Borrower will not, and will not permit any Subsidiary of the Borrower to, directly or indirectly, merge or consolidate with any
Person (as a result of an Acquisition or otherwise) unless (i) if the Borrower is being merged or consolidated, the Borrower is the surviving entity, (ii) on a pro forma basis, the Borrower is in compliance with Section 6.8 after
giving effect to such merger or consolidation; and (iii) no Default or Event of Event shall have occurred and be continuing before and after giving effect to such merger or consolidation. 

(b) The Borrower and its Subsidiaries, taken as a whole, shall not sell, transfer or otherwise dispose of (in one transaction or a series
of transactions) all or substantially all of the Borrower’s and its Subsidiaries’ assets (determined on a Consolidated basis). 
 Section 6.6 Restricted Payments. The Borrower will not, and will not permit any of its Subsidiaries to, make any Restricted Payment, except that (a) a Subsidiary of the Borrower may make
a Restricted Payment to the Borrower or to another Subsidiary of the Borrower, (b) a Subsidiary of the Borrower may redeem any of its stock held by the Borrower or any Subsidiary of the Borrower, and (c) the Borrower and its Subsidiaries
may make any other Restricted Payment if no Default has occurred and is continuing or would result therefrom. 

  
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 Section 6.7 Affiliate Transactions. The Borrower will not, and will not permit
any of its Subsidiaries to, directly or indirectly enter into or permit to exist any transaction or series of transactions (including, but not limited to, the purchase, sale, lease or exchange of property, the making of any investment, the giving of
any guaranty, the assumption of any obligation or the rendering of any service) with any of their Affiliates unless such transaction or series of transactions is on terms no less favorable to the Borrower or the Subsidiary, as applicable, than those
that could be obtained in a comparable arm’s length transaction with a Person that is not such an Affiliate; provided that, the Borrower and any of its Subsidiaries may guaranty or otherwise assume obligations of an Affiliate to the extent
permitted under Section 6.2 hereof. 
 Section 6.8 Maximum Total Capitalization Ratio. The Borrower will not
permit its Total Capitalization Ratio to be greater than 0.60 to 1.00 at the end of each fiscal quarter. 
 ARTICLE VII

 REMEDIES 
 Section 7.1 Events of Default. The occurrence of any of the following events shall constitute an “Event of Default” under any Credit Document: 

(a) Payment. The Borrower shall fail to pay any principal of any Advance or any Reimbursement Obligation when the same becomes due
and payable as set forth in this Agreement, or any interest on any Note or any fee or other amount payable hereunder or under any other Credit Document within five Business Days after the same becomes due and payable; 

(b) Representation and Warranties. Any representation or warranty made or deemed to be made (i) by the Borrower in this
Agreement or in any other Credit Document, or (ii) by the Borrower (or any of its officers) in connection with this Agreement or any other Credit Document, shall prove to have been incorrect in any material respect when made or deemed to be
made; 
 (c) Covenant Breaches. (i) The Borrower shall fail to perform or observe any covenant contained in Sections
5.3 or 5.6, or Article VI of this Agreement, or (ii) the Borrower shall fail to perform or observe any term or covenant set forth in any Credit Document which is not covered by clause (i) above or any other provision of this
Section 7.1 if such failure shall remain unremedied for 30 days after the earlier of the date written notice of such default shall have been given to the Borrower by the Administrative Agent or any Lender or the date a Responsible Officer of
the Borrower has actual knowledge of such default; 
 (d) Cross-Defaults. (i) The Borrower or any of its Significant
Subsidiaries shall fail to pay any principal of or premium or interest on its Indebtedness which is outstanding in a principal amount of at least $125,000,000 individually or when aggregated with all such Indebtedness of the Borrower or its
Subsidiaries so in default (but excluding the Obligations) when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace
period, if any, specified in the agreement or instrument relating to such Indebtedness; (ii) any other event shall occur or condition shall exist under any agreement or instrument relating to Indebtedness which is outstanding in a principal
amount of at least $125,000,000 individually or when aggregated with all such Indebtedness of the Borrower and its Subsidiaries so in default, and shall continue after the applicable grace period, if any, specified in such agreement or instrument,
if the effect of such event or condition is to accelerate, or to permit the 

  
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acceleration of, the maturity of such Indebtedness; or (iii) any Indebtedness referred to in clause (i) or (ii) above shall be declared to be due and payable, or required to be
prepaid (other than by a regularly scheduled required prepayment), prior to the stated maturity thereof; provided that, for purposes of this subsection 7.1(d), the “principal amount” of the obligations in respect of any Financial
Contract at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that would be required to be paid if such Financial Contract were terminated at such time; 

(e) Insolvency. The Borrower or any of its Significant Subsidiaries shall generally not pay its debts as such debts become due, or
shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against the Borrower or any of its Subsidiaries seeking to adjudicate it a
bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any Debtor Relief Laws, or seeking the entry of an order for relief or the appointment of
a receiver, trustee or other similar official for it or for any substantial part of its property and, in the case of any such proceeding instituted against the Borrower or any such Subsidiary, either such proceeding shall remain undismissed for a
period of 30 days or any of the actions sought in such proceeding shall occur; or the Borrower or any of its Subsidiaries shall take any corporate action to authorize any of the actions set forth above in this paragraph (e); 

(f) Judgments. Any one or more judgments or orders for the payment of money in excess of $125,000,000 in the aggregate (reduced for
purposes of this paragraph for the amount in respect of any such judgment or order adequately covered by a reputable and creditworthy insurer under any valid and enforceable insurance policy) shall be rendered against the Borrower or any of its
Significant Subsidiaries which, within 30 days from the date any such judgment is entered, shall not have been discharged or execution thereof stayed pending appeal; 
 (g) ERISA. (i) Any Person shall engage in any “prohibited transaction” (as defined in Section 406 of ERISA or Section 1106 of the Code) involving any Plan, (ii) any
“accumulated funding deficiency” (as defined in Section 302 of ERISA), whether or not waived, shall exist with respect to any Plan, (iii) a Reportable Event shall occur with respect to, or proceedings shall commence to have a
trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is likely to result in the termination of such Plan for purposes of
Title IV of ERISA, unless such Reportable Event, proceedings or appointment are being contested by the Borrower in good faith and by appropriate proceedings, (iv) any Plan shall terminate for purposes of Title IV of ERISA,
(v) the Borrower or any member of the Controlled Group shall incur any liability in connection with a withdrawal from a Multiemployer Plan or the insolvency (within the meaning of Section 4245 of ERISA) or reorganization (within the
meaning of Section 4241 of ERISA) of a Multiemployer Plan, unless such liability is being contested by the Borrower in good faith and by appropriate proceedings, or (vi) any other event or condition shall occur or exist, with respect to a
Plan; and in each case in clauses (i) through (vi) above, such event or condition, together with all other such events or conditions, if any, could subject the Borrower to any tax, penalty or other liabilities in the aggregate exceeding
$125,000,000; and 
 (h) Change of Control. Any Change in Control shall occur. 

Section 7.2 Optional Acceleration of Maturity. If any Event of Default (other than an Event of Default pursuant to
paragraph (e) of Section 7.1) shall have occurred and be continuing, then, and in any such event, 

  
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 (a) the Administrative Agent (i) shall at the request, or may with the consent, of the
Majority Lenders, by notice to the Borrower, declare the obligation of each Lender to make Advances and the obligation of each Issuing Lender to issue, increase, or extend Letters of Credit to be terminated, whereupon the same shall forthwith
terminate, and (ii) shall at the request, or may with the consent, of the Majority Lenders, by notice to the Borrower, declare all Obligations, including all interest, Letter of Credit Obligations, and all other amounts payable under this
Agreement, to be forthwith due and payable, whereupon all such Obligations shall become and be forthwith due and payable in full, without presentment, demand, protest or further notice of any kind (including any notice of intent to accelerate or
notice of acceleration), all of which are hereby expressly waived by the Borrower, and 
 (b) the Borrower shall, on demand of by
the Administrative Agent at the request or with the consent of the Majority Lenders, deposit with the Administrative Agent into the Cash Collateral Account held with the Administrative Agent an amount of cash equal to the Letter of Credit Exposure,
without presentment, demand, protest or further notice of any kind (including any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower. 

Section 7.3 Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (e) of Section 7.1
shall occur, 
 (a) the obligation of each Lender to make Advances and the obligation of each Issuing Lender to issue, increase,
or extend Letters of Credit shall immediately and automatically be terminated and all Obligations, including all interest, Letter of Credit Obligations, and all other amounts payable under this Agreement shall immediately and automatically become
and be due and payable in full, without presentment, demand, protest or any notice of any kind (including any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower; and 

(b) to the extent permitted by law or court order, the Borrower shall deposit with the Administrative Agent into the Cash Collateral
Account held by the Administrative Agent an amount of cash equal to the Letter of Credit Exposure, without presentment, demand, protest or further notice of any kind (including any notice of intent to accelerate or notice of acceleration), all of
which are hereby expressly waived by the Borrower. 
 Section 7.4 Cash Collateral Account. 

(a) Pledge. The Borrower hereby pledges, and grants to the Administrative Agent for the benefit of the Lenders, a security interest
in all funds held in the Cash Collateral Account held by the Administrative Agent from time to time and all proceeds thereof, as security for the payment of the Obligations, including all Letter of Credit Obligations owing to any Issuing Lender or
any other Lender due and to become due from the Borrower to any Issuing Lender or any other Lender under this Agreement in connection with the Letters of Credit. 
 (b) Application against Letter of Credit Obligations. The Administrative Agent may, at any time or from time to time apply funds then held in the Cash Collateral Account to (i) the payment of
any Letter of Credit Obligations owing to the Issuing Lenders on a pro rata basis, as shall have become or shall become due and payable by the Borrower to such Issuing Lenders under this Agreement in connection with the Letters of Credit and
(ii) the payment of Swingline Advances owing to the Swingline Lenders on a pro rata basis, as shall have become or shall become due and payable by the Borrower to such Swingline Lenders under this Agreement. 

(c) Duty of Care. The Administrative Agent shall exercise reasonable care in the custody and preservation of any funds held in the
Cash Collateral Account and shall be deemed to have exercised such care if such funds are accorded treatment substantially equivalent to that which the Administrative Agent accords its own property, it being understood that the Administrative Agent
shall not have any responsibility for taking any necessary steps to preserve rights against any parties with respect to any such funds. 

  
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 Section 7.5 Non-exclusivity of Remedies. No remedy conferred upon the
Administrative Agent or the Lenders is intended to be exclusive of any other remedy, and each remedy shall be cumulative of all other remedies existing by contract, at law, in equity, by statute or otherwise. 

Section 7.6 Right of Set-off. Upon (a) the occurrence and continuance of any Event of Default and (b) the making of
the request or the granting of the consent, if any, specified by Section 7.2 to authorize the Administrative Agent to declare the Obligations due and payable pursuant to the provisions of Section 7.2 or the automatic acceleration of the
Obligations pursuant to Section 7.3, each Lender, each Issuing Lender, and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any
and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held, and other obligations (in whatever currency) at any time owing, by such Lender, such Issuing Lender or any such Affiliate, to or for
the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement or any other Credit Document to such Lender or such Issuing Lender or their respective Affiliates,
irrespective of whether or not such Lender, Issuing Lender or Affiliate shall have made any demand under this Agreement or any other Credit Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a
branch, office or Affiliate of such Lender or such Issuing Lender different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender shall exercise any such
right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.20 and, pending such payment, shall be segregated by such
Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing Lenders, and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement
describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, each Issuing Lender and their respective Affiliates under this Section are in addition to other
rights and remedies (including other rights of setoff) that such Lender, such Issuing Lender or their respective Affiliates may have. Each Lender and Issuing Lender agrees to notify the Borrower and the Administrative Agent promptly after any such
setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 
 Section 7.7 Currency Conversion After Maturity. At any time following the occurrence of an Event of Default and the acceleration of the maturity of the Obligations owed to the Lenders
hereunder, the Lenders shall be entitled to convert, with two (2) Business Days’ prior notice to the Borrower, any and all or any part of the then unpaid and outstanding Advances denominated in a Foreign Currency into Advances denominated
in Dollars. Any such conversion shall be calculated so that the principal amount of the resulting Advances shall be the Dollar Amount of the principal amount of the Advance being converted on the date of conversion. Any accrued and unpaid interest
denominated in such Foreign Currency at the time of any such conversion shall be similarly converted to Dollars, and such converted Advances and accrued and unpaid interest thereon shall thereafter bear interest in accordance with the terms hereof.

 ARTICLE VIII 
 AGENCY AND ISSUING LENDER PROVISIONS 
 Section 8.1 Authorization
and Action. Each Lender hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement and the other Credit Documents as are delegated to the Administrative
Agent by the terms 

  
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hereof and of the other Credit Documents, together with such powers as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement or any other Credit
Document (including enforcement or collection of the Obligations), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in
so acting or refraining from acting) upon the instructions of the Majority Lenders or all Lenders, and such instructions shall be binding upon all Lenders and all holders of the Obligations; provided, however, that Administrative Agent shall
not be required to take any action which exposes the Administrative Agent to personal liability or which is contrary to this Agreement, any other Credit Document, or applicable Legal Requirements. It is understood and agreed that the use of the term
“agent” herein or in any other Credit Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any
applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 
 Section 8.2 Administrative Agent’s Reliance, Etc. Neither Administrative Agent nor any of its respective directors, officers, agents or employees shall be liable for any action taken or
omitted to be taken (INCLUDING THE ADMINISTRATIVE AGENT’S OWN NEGLIGENCE) by it or them under or in connection with this Agreement or the other Credit Documents, except for its or their own gross negligence or willful misconduct. Without
limitation of the generality of the foregoing, the Administrative Agent: (a) may treat the payee of any Note as the holder thereof until the Administrative Agent receives written notice of the assignment or transfer thereof signed by such payee
and in form satisfactory to the Administrative Agent; (b) may consult with legal counsel (including counsel for the Borrower), independent public accountants and other experts selected by it and shall not be liable for any action taken or
omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts; (c) makes no warranty or representation to any Lender and shall not be responsible to any Lender for any statements, warranties or
representations made in or in connection with this Agreement or the other Credit Documents; (d) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this
Agreement or any other Credit Document on the part of the Borrower or its Subsidiaries or to inspect the property (including the books and records) of the Borrower or its Subsidiaries; (e) shall not be responsible to any Lender for the due
execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Credit Document; and (f) shall incur no liability under or in respect of this Agreement or any other Credit Document by acting upon
any notice, consent, certificate or other instrument or writing (which may be by facsimile, telegram, cable or telex) believed by it to be genuine and signed or sent by the proper party or parties. 

Section 8.3 The Administrative Agent and its Affiliates. With respect to its Revolving Commitments, the Advances made by it
and the Letters of Credit issued by it, the Administrative Agent shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not an agent hereunder. The term “Lender” or
“Lenders” shall, unless otherwise expressly indicated, include the Administrative Agent in its individual capacity. Administrative Agent and its respective Affiliates may accept deposits from, lend money to, own securities of, act as
trustee under indentures of, and generally engage in any kind of business with, the Borrower or any of its Subsidiaries, and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if the Administrative
Agent were not an agent hereunder and without any duty to account therefor to the Lenders. 
 Section 8.4 Lender Credit
Decision. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent, the Arrangers or any other Lender and based on the financial statements referred to in Section 4.6 and such other documents
and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent, the Arrangers or any
other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement. 

  
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 Section 8.5 Indemnification. The Lenders severally agree to indemnify the
Administrative Agent, each Arranger, each Swingline Lender and each Issuing Lender (to the extent not reimbursed by the Borrower), according to their respective Pro Rata Shares from and against any and all liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (including legal fees) which may be imposed on, incurred by, or asserted against the Administrative Agent, such Arranger or such Issuing Lender
in any way relating to or arising out of this Agreement or any other Credit Document or any action taken or omitted by the Administrative Agent, such Arranger, such Swingline Lender or such Issuing Lender under this Agreement or any other Credit
Document (INCLUDING THE ADMINISTRATIVE AGENT’S, THE ARRANGER’S, SUCH SWINGLINE LENDER’S OR SUCH ISSUING LENDER’S OWN NEGLIGENCE), provided that no Lender shall be liable for any portion of such liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements found by a final judgment by a court of competent jurisdiction to have resulted from the Administrative Agent’s, such Arranger’s, such Swingline
Lender’s or such Issuing Lender’s gross negligence or willful misconduct. Without limitation of the foregoing, each Lender agrees to (a) reimburse the Administrative Agent promptly upon demand for its ratable share of any
out-of-pocket expenses (including counsel fees) incurred by the Administrative Agent in connection with the preparation, execution, delivery, modification or amendment of this Agreement or any other Credit Document, to the extent that the
Administrative Agent is not reimbursed for such expenses by the Borrower and (b) reimburse the Administrative Agent promptly upon demand for its ratable share of any out-of-pocket expenses (including counsel fees) incurred by the Administrative
Agent in connection with the administration or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement or any other Credit Document, to the extent
that the Administrative Agent is not reimbursed for such expenses by the Borrower. All obligations of the Lenders provided in this Section 8.5 shall survive any termination of this Agreement and repayment in full of the Obligations. All amounts
due under this Section 8.5 shall be payable not later than 30 days after demand therefor. 
 Section 8.6 Successor
Administrative Agent and Issuing Lenders. 
 (a) Administrative Agent and any Issuing Lender may resign at any time by giving
written notice thereof to the Lenders and the Borrower. The Administrative Agent and any Issuing Lender may be removed at any time with or without cause by the Majority Lenders upon receipt of written notice from such Majority Lenders to such
effect. Any Issuing Lender designated in writing by the Borrower as provided in the definition of “Issuing Lender” may be removed at any time with or without cause by the Borrower. Upon receipt of notice of any such resignation or removal
(other than a removal of an Issuing Lender by the Borrower), the applicable Majority Lenders shall have the right to appoint a successor Administrative Agent or Issuing Lender with, if an Event of Default has not occurred and is not continuing, the
consent of the Borrower, which consent shall not be unreasonably withheld or delayed. If no successor Administrative Agent or Issuing Lender shall have been so appointed by the Majority Lenders, and shall have accepted such appointment, within 30
days after the retiring or removed Administrative Agent’s or Issuing Lender’s giving of notice of resignation or the Majority Lenders’ removal of the retiring Administrative Agent or Issuing Lender, then the retiring or removed
Administrative Agent or Issuing Lender may, on behalf of the Lenders and the Borrower, appoint a successor Administrative Agent or Issuing Lender, which shall be a commercial bank meeting the financial requirements of an Eligible Assignee and, in
the case of a Issuing Lender, a Lender. Upon the acceptance of any appointment as Administrative Agent or Issuing Lender by a successor Administrative Agent or Issuing Lender, such successor Administrative Agent or Issuing Lender shall thereupon
succeed 

  
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to and become vested with all the rights, powers, privileges and duties of the retiring or removed Administrative Agent or Issuing Lender (other than any rights to indemnity payments owed to the
retiring or removed Administrative Agent or Issuing Lender), and the retiring or removed Administrative Agent or Issuing Lender shall be discharged from its duties and obligations under this Agreement and the other Credit Documents, except that the
retiring or removed Issuing Lender shall remain the Issuing Lender with respect to any Letters of Credit issued by such Issuing Lender and outstanding on the effective date of its resignation or removal and the provisions affecting such Issuing
Lender with respect to such Letters of Credit shall inure to the benefit of the retiring or removed Issuing Lender until the termination of all such Letters of Credit and the payment of all outstanding Obligations owing to such Issuing Lender. After
any retiring or removed Administrative Agent’s or Issuing Lender’s resignation or removal hereunder as Administrative Agent or Issuing Lender, the provisions of this Article VIII shall inure to its benefit as to any actions taken or
omitted to be taken by it while it was Administrative Agent or Issuing Lender under this Agreement and the other Credit Documents (including rights to indemnity payments owed to the retiring or removed Administrative Agent or Issuing Lender).

 (b) Any Swing Line Lender may resign at any time by giving 30 days’ prior notice to the Administrative Agent, the Lenders
and the Borrower. After the resignation of such Swing Line Lender hereunder, the resigning Swing Line Lender shall remain a party hereto and shall continue to have all the rights and obligations of such Swing Line Lender under this Agreement and the
other Loan Documents with respect to Swing Line Advances made by it prior to such resignation, but shall not be required to make any additional Swing Line Advances. Upon such notice of resignation, the Borrower shall have the right to designate any
other Lender as a replacement Swing Line Lender with the consent of such Lender and the Administrative Agent. 

Section 8.7 Co-Lead Arrangers, Joint Book Runners, other Agency Titles. The Arrangers, Joint Book Runners and any other
agents identified on the cover sheet hereof (other than the Administrative Agent) shall have no duties, obligations or liabilities hereunder in its capacity as an Arranger, Joint Book Runner and such other agent. The Lenders shall have no right to
replace any Arranger, Joint Book Runner or any such agent, and the Arrangers, Joint Book Runners and such other agents shall not have the right to assign its status as an arranger, book runner or such agent, as applicable, to any Person. 

ARTICLE 

IX MISCELLANEOUS 
 Section 9.1 Amendments, Etc. No amendment or waiver of any provision of this Agreement, the Notes, or any other Credit Document (other than the Fee Letters or any Letter of Credit Document),
nor consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Majority Lenders and the Borrower, and then such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given; provided, however (and subject to Section 2.20 with respect to any Defaulting Lender), 
 (a) no amendment shall increase or extend the Revolving Commitment of any Lender without the written consent of such Lender; 
 (b) no amendment shall amend the definitions of “Eligible Currency” or “Agreed Currency” (other than as contemplated within such definition) without the written consent of each Lender
and each Issuing Lender; 

  
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 (c) no amendment, waiver or consent shall, unless in writing and signed by all the Lenders,
do any of the following: (i) reduce the principal of, or interest on, the Obligations or any fees or other amounts payable hereunder or under any other Credit Document, (ii) postpone any date fixed for any payment of principal of, or
interest on, the Obligations or any fees or other amounts payable hereunder, (iii) amend Section 2.14, Section 7.7, this Section 9.1 or any other provision of this Agreement that requires the pro rata treatment of, or action by,
all the Lenders, (iv) release any Lien in favor of the Administrative Agent for the benefit of the Lenders on any Property of the Borrower, (v) amend the definition of “Majority Lenders”, or (vi) amend Section 6.5(c) or
waive any Event of Default arising therefrom or consent to any departure from the terms thereof; and 
 (d) no amendment, waiver
or consent shall, unless in writing and signed by the Administrative Agent, the Arrangers, the applicable Issuing Lender, or the applicable Swingline Lender in addition to the Lenders required above to take such action, affect the rights or duties
of the Administrative Agent, the Arrangers, such Issuing Lender, or such Swingline Lender as the case may be, under this Agreement or any other Credit Document. 
 Section 9.2 Notices, SyndTrak, Etc. 
 (a)
Notices. All notices and other communications shall be in writing (including facsimile or telex) and mailed, faxed, telexed, hand delivered or delivered by a nationally recognized overnight courier, if to the Borrower, at its address at 7909
Parkwood Circle Drive, Houston, Texas 77036, Attention: Treasurer, with a copy to the General Counsel, Facsimile: (713) 346-7995, Telephone: (713) 346-7550; if to any Lender, any Swingline Lender or any Issuing Lender, at its address for
notices specified in its Administrative Questionnaire; if to the Administrative Agent (including the delivery of a Compliance Certificate), at its address at 1525 W WT Harris Blvd., Mail Code D1109-019, Charlotte, NC 28262, Attention: Syndication
Agency Services, (facsimile: (704) 590-2790; telephone: (704) 590-2706), with a copy to 1000 Louisiana Street,
9th Floor, Houston, Texas 77002, Attention: Christina
Faith (facsimile: (713) 739-1087; telephone: (713) 319-1672); if a Notice of Borrowing or a Notice of Conversion or Continuation to the Administrative Agent at the address for the Administrative Agent specified above; or, as to each party,
at such other address or teletransmission number as shall be designated by such party in a written notice to the other parties. All such notices and communications shall, when mailed, faxed, telexed or hand delivered or delivered by overnight
courier, be effective three days after deposited in the mails, when facsimile transmission is completed, when confirmed by telex answer-back or when delivered, respectively, except that notices and communications to the Administrative Agent, a
Swingline Lender or an Issuing Lender pursuant to Article II or VIII shall not be effective until received by the Administrative Agent, such Swingline Lender or such Issuing Lender. 

(b) Electronic Postings. (i) The Borrower agrees that the Administrative Agent may make any material delivered by the Borrower
to the Administrative Agent, as well as any amendments, waivers, consents, and other written information, documents, instruments and other materials relating to the Borrower, any of its Subsidiaries, or any other materials or matters relating to
this Agreement, the Notes or any of the transactions contemplated hereby (excluding notices pursuant to Article II, collectively, the “Communications”) available to the Lenders by posting such notices on an electronic delivery
system (which may be provided by the Administrative Agent, an Affiliate of the Administrative Agent, or any Person that is not an Affiliate of the Administrative Agent), such as SyndTrak, or a substantially similar electronic system customarily used
by financial institutions for such purposes (the “Platform”). The Borrower acknowledges that (A) the distribution of material through an electronic medium is not necessarily secure and that there are confidentiality and other
risks associated with such distribution, (B) the Platform is provided “as is” and “as available” and (C) neither the Administrative Agent nor any of their respective Affiliates warrants the accuracy, completeness,
timeliness, sufficiency, or sequencing of the Communications posted on the Platform. The Administrative Agent and their respective Affiliates expressly disclaim with respect to the Platform any liability for errors in transmission, incorrect or
incomplete downloading, delays in posting or delivery, or problems accessing 

  
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the Communications posted on the Platform and any liability for any losses, costs, expenses or liabilities that may be suffered or incurred in connection with the Platform. No warranty of any
kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects, is made by the Administrative Agent or any of its
respective Affiliates in connection with the Platform. 
 (ii) Each Lender agrees that notice to it (as provided in the next
sentence) (a “Notice”) specifying that any Communication has been posted to the Platform shall for purposes of this Agreement constitute effective delivery to such Lender of such information, documents or other materials comprising
such Communication. Each Lender agrees (A) to notify, on or before the date such Lender becomes a party to this Agreement, the Administrative Agent in writing of such Lender’s e-mail address to which a Notice may be sent (and from time to
time thereafter to ensure that the Administrative Agent have on record an effective e-mail address for such Lender) and (B) that any Notice may be sent to such e-mail address. 

Section 9.3 No Waiver; Remedies. No failure on the part of any Lender, the Administrative Agent, or any Issuing Lender to
exercise, and no delay in exercising, any right hereunder or under any other Credit Document shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise
of any other right. The remedies provided in this Agreement and the other Credit Documents are cumulative and not exclusive of any remedies provided by law. 
 Section 9.4 Costs and Expenses. The Borrower agrees to pay on demand (a) all out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation, execution,
delivery, modification and amendment of this Agreement, the Notes and the other Credit Documents, (b) all out-of-pocket costs and expenses of the Issuing Lenders and Swingline Lenders in connection with the administration of this Agreement, the
Notes and the other Credit Documents, including the reasonable out-of-pocket expenses incurred by any Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and
(c) all reasonable out-of-pocket costs and expenses, if any, of the Administrative Agent, each Arranger, each Issuing Lender, each Swingline Lender and each Lender (including reasonable counsel fees and expenses of the Administrative Agent,
each Arranger, each Issuing Lender, each Swingline Lender and each Lender) in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other Credit Documents after an Event of Default
has occurred and is continuing, and to the extent not included in the foregoing, the costs of any Uniform Commercial Code financing statement or continuation statement, and any related title or Uniform Commercial Code search conducted subsequent to
such recordation, and other costs usual and customary in connection with the taking of a Lien. 
 Section 9.5 Binding
Effect. This Agreement shall become effective when it shall have been executed by the Borrower and the Administrative Agent, and when the Administrative Agent shall have, as to each Lender, either received a counterpart hereof executed by such
Lender or been notified by such Lender that such Lender has executed it and thereafter shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent, each Arranger, each Issuing Lender, each Swingline Lender and each
Lender and their respective successors and assigns, except that the Borrower shall not have the right to assign its rights or delegate its duties under this Agreement or any interest in this Agreement without the prior written consent of each
Lender, each Swingline Lender, and each Issuing Lender. 

  
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 Section 9.6 Lender Assignments and Participations. 

(a) Assignments. Any Lender may assign to one or more banks or other entities all or any portion of its rights and obligations
under this Agreement (including all or a portion of its Revolving Commitment, the Advances owing to it, the Notes held by it, if any, and the participation interest in the Letter of Credit Obligations held by it); provided, however,
that (i) each such assignment shall be of a constant, and not a varying, percentage of all of such Lender’s rights and obligations under this Agreement as a Lender and shall involve a ratable assignment of such Lender’s Revolving
Commitment and such Lender’s Revolving Advances and shall be in an amount not less than $5,000,000, (ii) the amount of the resulting Revolving Commitment and Revolving Advances of the assigning Lender (unless it is assigning all its
Revolving Commitment) and the assignee Lender pursuant to each such assignment (determined as of the date of the Assignment and Acceptance with respect to such assignment) shall in no event be less than $10,000,000, (iii) each such assignment
shall be to an Eligible Assignee, (iv) the parties to each such assignment shall execute and deliver to the Administrative Agent, for its acceptance and recording in the Register, an Assignment and Acceptance, together with the applicable
Notes, if any, subject to such assignment, (v) each Eligible Assignee shall pay to the Administrative Agent a $4,000 administrative fee; and (vi) the Administrative Agent shall promptly deliver a copy of the fully executed Assignment and
Acceptance to the Administrative Agent. Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Assignment and Acceptance, which effective date shall be at least three Business Days after the
execution thereof, (A) the assignee thereunder shall be a party hereto for all purposes and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have the rights and
obligations of a Lender hereunder and (B) such Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights and be released from its
obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of such Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall
continue to be entitled to the benefits of Sections 2.8, 2.9, 2.11, 9.4, 9.7 and 9.16 with respect to facts and circumstances occurring prior to the effective date of such assignment. Notwithstanding anything herein to the contrary, any Lender
may assign, as collateral or otherwise, any of its rights under the Credit Documents to any Federal Reserve Bank. 
 (b) Term
of Assignments. By executing and delivering an Assignment and Acceptance, the Lender thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such
Assignment and Acceptance, such Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity,
enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; (ii) such Lender makes no representation or warranty and assumes no responsibility with respect to the financial
condition of the Borrower or the performance or observance by the Borrower of any of its obligations under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it has received a copy of
this Agreement, together with copies of the financial statements referred to in Section 4.6 and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and
Acceptance; (iv) such assignee will, independently and without reliance upon the Administrative Agent, such Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its
own credit decisions in taking or not taking action under this Agreement; (v) such assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are
delegated to the Administrative Agent by the terms hereof, together with such powers as are reasonably incidental thereto; and (vi) such assignee agrees that it will perform in accordance with their terms all of the obligations which by the
terms of this Agreement are required to be performed by it as a Lender. 

  
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 (c) The Register. The Administrative Agent, acting solely for this purpose as an
agent of the Borrower, shall maintain at one of its offices in the United States a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and
principal amounts (and stated interest) of the Advances owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive and binding for all purposes, absent
manifest error, and the Borrower, the Administrative Agent, the Issuing Lenders, and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. At any reasonable time and from
time to time upon reasonable prior notice, the Register shall be available (i) for inspection by the Borrower, (ii) for inspection by each Lender as to its Revolving Commitment and principal amount of Advances owing to it, and
(iii) for inspection by each Issuing Lender and each Swingline Lender for purposes of determining each Lender’s participation interest in Letters of Credit and Swingline Advances. The Borrower hereby agrees that the Administrative Agent
acting as its agent solely for the purpose set forth above in this clause (c), shall not subject the Administrative Agent to any fiduciary or other implied duties, all of which are hereby waived by the Borrower. 

(d) Procedures. Upon its receipt of an Assignment and Acceptance executed by a Lender and an Eligible Assignee, together with the
Notes, if any, subject to such assignment, the Administrative Agent shall, if such Assignment and Acceptance has been completed and is in substantially the form of the attached Exhibit A, (i) accept such Assignment and Acceptance,
(ii) record the information contained therein in the Register, and (iii) give prompt notice thereof to the Borrower. 

(e) Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent,
sell participations to any Person (other than a natural Person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations
under this Agreement (including all or a portion of its Commitment and/or the Advances owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations, and (iii) the Borrower, the Administrative Agent, the Issuing Lenders, the Swingline Lenders and the other Lenders shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity and other obligations under Section 8.5 with respect to any payments
made by such Lender to its Participant(s). 
 Any agreement or instrument pursuant to which a Lender sells such a participation
shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender
will not, without the consent of the Participant, agree to any amendment, modification or waiver that requires the approval of all affected Lenders in accordance with the terms of Section 9.1 that affects such Participant. The Borrower agrees
that each Participant shall be entitled to the benefits of Sections 2.8, 2.9 and 2.11 (subject to the requirements and limitations therein) (it being understood that the documentation required under Section 2.11(g) shall be delivered to the
participating Lender and delivered to the Borrower as required under Section 2.11(g)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 9.6(a); provided that such Participant
(A) agrees to be subject to the provisions of Section 2.16 as if it were an assignee under Section 9.6(a); and (B) shall not be entitled to receive any greater payment under Sections 2.9 or 2.11, with respect to any
participation, than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after

  
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the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the
Borrower to effectuate the provisions of Section 2.16 with respect to any Participant. To the extent permitted by Legal Requirement, each Participant also shall be entitled to the benefits of Section 7.6 as though it were a Lender;
provided that such Participant agrees to be subject to Section 2.14 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the
name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Advances or other obligations under the Credit Documents (the “Participant Register”); provided that no
Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its
other obligations under any Credit Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of
the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation
for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. The
Borrower hereby agrees that each Lender acting as its agent solely for the purpose set forth above in this clause (e), shall not subject such Lender to any fiduciary or other implied duties, all of which are hereby waived by the Borrower 

(f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this
Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto. 
 (g) Information. Any Lender may furnish any
information concerning the Borrower or any of its Subsidiaries in the possession of such Lender from time to time to assignees and participants (including prospective assignees and participants), subject, however, to the provisions of
Section 9.12. 
 (h) Certain Additional Payments. In connection with any assignment of rights and obligations of any
Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an
aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the
Borrower and the Administrative Agent, the applicable pro rata share of Advances previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and
satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, each Issuing Lender, each Swingline Lender and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as
appropriate) its full pro rata share of all Advances and participations in Letters of Credit and Swingline Advances in accordance with its Pro Rata Share. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of
any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement
until such compliance occurs. Except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s
having been a Defaulting Lender. 

  
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 Section 9.7 Indemnification. The Borrower shall indemnify the Administrative
Agent, each Arranger, each Lender (including any lender which was a Lender hereunder prior to any full assignment of its Revolving Commitment), each Issuing Lender, each Swingline Lender and each affiliate thereof and their respective directors,
officers, employees and agents from, and discharge, release, and hold each of them harmless against, any and all losses, liabilities, claims or damages to which any of them may become subject, insofar as such losses, liabilities, claims or damages
arise out of or result from (i) the execution or delivery of this Agreement or any agreement or instrument contemplated hereby, the performance by the parties hereto of their respective obligations hereunder or any other transactions
contemplated hereby, (ii) any actual or proposed use by the Borrower or any Affiliate of the Borrower of the proceeds of any Advance or Letter of Credit, (iii) any breach by the Borrower of any provision of this Agreement or any other
Credit Document, (iv) any Environmental Claim or requirement of Environmental Laws concerning or relating to the present or previously-owned or operated properties, or the operations or business, of the Borrower or any of its Subsidiaries, and
(v) any investigation, litigation or other proceeding (including any threatened investigation or proceeding) relating to the foregoing, and the Borrower shall reimburse the Administrative Agent, each Arranger, the Issuing Lender, each Swingline
Lender and each Lender, and each affiliate thereof and their respective directors, officers, employees and agents, upon demand for any reasonable out-of-pocket expenses (including legal fees) incurred in connection with any such losses, liabilities,
claims, damages, investigation, litigation, Environmental Claim or requirement, or other proceeding; and EXPRESSLY INCLUDING ANY SUCH LOSSES, LIABILITIES, CLAIMS, DAMAGES, OR EXPENSE INCURRED BY REASON OF THE PERSON BEING INDEMNIFIED’S OWN
NEGLIGENCE, BUT EXCLUDING ANY SUCH LOSSES, LIABILITIES, CLAIMS, DAMAGES OR EXPENSES FOUND BY A FINAL JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THE PERSON TO BE INDEMNIFIED.
All amounts due under this Section 9.7 shall be payable not later than 30 days after demand therefor. 
 Section 9.8
Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together
shall constitute one and the same agreement. 
 Section 9.9 Survival of Representations, etc. All representations
and warranties contained in this Agreement or made in writing by or on behalf of the Borrower in connection herewith shall survive the execution and delivery of this Agreement and the Credit Documents, the making of the Advances and any
investigation made by or on behalf of the Lenders, none of which investigations shall diminish any Lender’s right to rely on such representations and warranties. All obligations of the Borrower provided for in Sections 2.8, 2.9, 2.11, 9.4, 9.7
and 9.16 shall survive any termination of this Agreement and repayment in full of the Obligations. 
 Section 9.10
Severability. In case one or more provisions of this Agreement or the other Credit Documents shall be invalid, illegal or unenforceable in any respect under any applicable Legal Requirement, the validity, legality and enforceability of the
remaining provisions contained herein or therein shall not be affected or impaired thereby. 
 Section 9.11 Usury Not
Intended. It is the intent of the Borrower and each Lender in the execution and performance of this Agreement and the other Credit Documents to contract in strict compliance with applicable usury laws, including conflicts of law concepts,
governing the Advances of each Lender including such applicable Legal Requirements of the State of Texas and the United States of America from time to time in effect. In furtherance thereof, each Lender and the Borrower stipulate and agree that none
of the terms and provisions contained in this Agreement or the other Credit Documents shall ever be construed to create a contract to pay, as consideration for the use, forbearance or detention of

  
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money, interest at a rate in excess of the Maximum Rate and that for purposes hereof “interest” shall include the aggregate of all charges which constitute interest under such laws that
are contracted for, charged or received under this Agreement. In the event that the Obligations are accelerated by reason of any election of the holder thereof resulting from any Event of Default under this Agreement or otherwise, or in the event of
any required or permitted prepayment, then such consideration that constitutes interest may never include more than the Maximum Rate and excess interest, if any, provided for in this Agreement or otherwise shall be canceled automatically as of the
date of such acceleration or prepayment and, if theretofore paid, shall be credited on the applicable Obligations (or, if the applicable Obligations shall have been paid in full, refunded to the Borrower). The provisions of this Section shall
control over all other provisions of this Agreement or the other Credit Documents which may be in apparent conflict herewith. 

Section 9.12 Confidentiality. None of the Administrative Agent, Issuing Lenders or Lenders shall disclose any Confidential
Information to any Person without the consent of the Borrower, other than (a) to the Administrative Agent’s, Issuing Lender’s or Lender’s Affiliates and their officers, directors, employees, agents and advisors, (b) to
actual or prospective Eligible Assignees and participants and their officers, directors, employees, agents and advisors, (c) to any direct, indirect, actual or prospective counterparty (and its advisor) to any swap, derivative or securitization
transaction related to the obligations under this Agreement, and then, in any event, only on a confidential basis, (d) as required by any law, rule or regulation or judicial process, (e) as requested or required by any state, Federal or
foreign authority or examiner (including the National Association of Insurance Commissioners or any similar organization or quasi-regulatory authority) regulating such Issuing Lender, such Lender or Administrative Agent, or to insurers, insurance
brokers or direct or indirect providers of credit protection when required by it, provided that, prior to any such disclosure, such Person shall undertake to preserve the confidentiality of any Confidential Information relating to the Borrower
received by it from such Issuing Lender, such Lender or Administrative Agent, (f) to any rating agency when required by it, provided that, prior to any such disclosure, such rating agency shall undertake to preserve the confidentiality of any
Confidential Information relating to the Borrower received by it from such Issuing Lender, such Lender or Administrative Agent, (g) in connection with any litigation or proceeding to which Administrative Agent, such Issuing Lender or such
Lender or any of its Affiliates may be a party or (h) in connection with the exercise of any right or remedy under this Agreement or any other Credit Document. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, nothing in this
Agreement shall (a) restrict the Administrative Agent, any Issuing Lender or any Lender from providing information to any bank or other regulatory or governmental authorities, including the Federal Reserve Board and its supervisory staff;
(b) require or permit the Administrative Agent, any Issuing Lender or any Lender to disclose to the Borrower that any information will be or was provided to the Federal Reserve Board or any of its supervisory staff; or (c) require or
permit the Administrative Agent, any Issuing Lender or any Lender to inform the Borrower of a current or upcoming Federal Reserve Board examination or any nonpublic Federal Reserve Board supervisory initiative or action. 

Section 9.13 Governing Law; Submission to Jurisdiction. 

(a) This Agreement, the Notes and the other Credit Documents shall be governed by, and construed and enforced in accordance with, the laws
of the State of New York (including Section 5-1401 and Section 5-1402 of the General Obligations Law of the State of New York), without reference to any other conflicts or choice of law principles thereof. 

  
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 (b) Any legal action or proceeding with respect to this Agreement or any other Credit
Document may be brought in the courts of the state of New York sitting in New York City or of the United States for the Southern District of such state, and by execution and delivery of this Agreement, the Borrower, the Administrative Agent, each
Issuing Lender, each Swingline Lender and each Lender consents, for itself and in respect of its property, to the non-exclusive jurisdiction of those courts. The Borrower, the Administrative Agent, each Issuing Lender, each Swingline Lender and each
Lender irrevocably waives any objection, including any objection to the laying of venue or based on the grounds of forum non conveniens, which it may now or hereafter have to the bringing of any action or proceeding in such jurisdiction in
respect of this Agreement or any other Credit Document or other document related thereto. 
 (c) The Borrower irrevocably
consents to the service of any and all process in any such action or proceeding by the mailing of copies of such process to it at the address specified for it in this Agreement. 

(d) Nothing in this Section 9.13 shall affect the right of the Administrative Agent, any Issuing Lender, any Swingline Lender or any
other Lender to serve legal process in any other manner permitted by law or affect the right of the Administrative Agent, any Issuing Lender, any Swingline Lender or any other Lender to bring any action or proceeding against the Borrower in the
courts of any other jurisdiction. 
 Section 9.14 Waiver of Jury Trial. THE
BORROWER, THE ISSUING LENDERS, THE SWINGLINE LENDERS, THE LENDERS AND THE
ADMINISTRATIVE AGENT HEREBY IRREVOCABLY WAIVE ANY AND ALL RIGHT TO TRIAL
BY JURY IN RESPECT OF ANY LEGAL PROCEEDING, DIRECTLY OR INDIRECTLY
(WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE), ARISING OUT OF OR
RELATING TO THIS AGREEMENT, ANY OTHER CREDIT DOCUMENT, ANY OF THE
TRANSACTIONS CONTEMPLATED HEREBY, OR THE RELATIONSHIP ESTABLISHED HEREUNDER. 

Section 9.15 WAIVER OF CONSEQUENTIAL
DAMAGES. TO THE EXTENT PERMITTED BY APPLICABLE LAW, BORROWER SHALL
NOT ASSERT, AND THE BORROWER HEREBY WAIVES, ANY CLAIM AGAINST ANY
OTHER PARTY HERETO AND EACH AFFILIATE THEREOF AND THEIR RESPECTIVE DIRECTORS,
OFFICERS, EMPLOYEES AND AGENTS, ON ANY THEORY OF LIABILITY, FOR SPECIAL,
INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES (AS OPPOSED TO DIRECT OR ACTUAL
DAMAGES) ARISING OUT OF, IN CONNECTION WITH, OR AS A RESULT OF,
THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT, ANY ADVANCE OR LETTER OF
CREDIT OR THE USE OF THE PROCEEDS THEREOF. 
 Section 9.16 Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due from the Borrower hereunder in the currency expressed to be payable
herein (the “specified currency”) into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with usual and customary banking
procedures the Administrative Agent could purchase the specified currency with such other currency at any of the Administrative Agent’s offices in the United States of America on the Business Day preceding that on which final, non-appealable
judgment is given. The obligations of the Borrower in respect of any sum due to any Lender, any Issuing Lender or the Administrative Agent hereunder shall, notwithstanding any judgment in a currency other than the specified currency, be discharged
only to the extent that on the Business Day following receipt by such Lender, such Issuing Lender or the Administrative Agent (as the case may be) of any sum adjudged to be so due in such other currency such Lender, such Issuing Lender or the
Administrative Agent (as the case may be) may in accordance with normal, reasonable banking procedures purchase the specified currency with such other currency. If the amount of the specified currency so purchased is less than the sum originally due
to such 

  
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Lender, such Issuing Lender or the Administrative Agent, as the case may be, in the specified currency, the Borrower agrees, to the fullest extent that it may effectively do so, as a separate
obligation and notwithstanding any such judgment, to indemnify such Lender, such Issuing Lender or the Administrative Agent, as the case may be, against such loss, and if the amount of the specified currency so purchased exceeds (a) the sum
originally due to any Lender, such Issuing Lender or the Administrative Agent, as the case may be, in the specified currency and (b) any amounts shared with other Lenders as a result of allocations of such excess as a disproportionate payment
to such Lender under Section 2.14, each Lender, Issuing Lender or the Administrative Agent, as the case may be, agrees to promptly remit such excess to the Borrower. All obligations of the Borrower provided in this Section 9.16 shall
survive any termination of this Agreement and repayment in full of the Obligations. 
 Section 9.17 Headings
Descriptive. The headings of the several Sections and paragraphs of the Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement. 

Section 9.18 Electronic Execution of Assignments. The words “execution,” “signed,” “signature,”
and words of like import in any Assignment and Acceptance shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually
executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State
Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

Section 9.19 USA Patriot Act. Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent
(for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to
obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the
Borrower in accordance with the Act. 
 This written agreement and the Credit Documents, as defined in this Agreement, represent the final
agreement among the parties and may not be contradicted by evidence of prior, contemporaneous, or subsequent oral agreements of the parties. 
 [Remainder of page left intentionally blank] 

  
 77 

 EXECUTED as of the date first above written. 

 

			
	NATIONAL OILWELL VARCO, INC.
		
	By:	 	/s/ Daniel L. Molinaro
		 	Daniel L. Molinaro
		 	Vice President & Treasurer

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	 WELLS FARGO BANK,
 NATIONAL ASSOCIATION
 as Administrative Agent, a Swingline Lender, a Issuing Lender and a
Lender

		
	By:	 	/s/ Christina Faith
		 	Christina Faith
		 	Director

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	 DNB BANK ASA

as a Swingline Lender and a Lender

		
	By:	 	/s/ Henrik Asland
	Name:	 	Henrik Asland
	Title:	 	Senior Vice President
		
	By:	 	/s/ Pal Boger
	Name:	 	Pal Boger
	Title:	 	Vice President

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	BARCLAYS BANK PLC
	 as a Swingline Lender and a Lender

		
	By:	 	/s/ Niels Pedersen
	Name:	 	Niels Pedersen
	Title:	 	Director

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	JPMORGAN CHASE BANK, N.A.
	 as a Lender

		
	By:	 	/s/ Thomas Okamoto
	Name:	 	Thomas Okamoto
	Title:	 	Authorized Officer

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	LLOYDS TSB BANK PLC
	as a Lender
		
	By:	 	/s/ Stephen Giacolone
		 	  

	Name:	 	Stephen Giacolone
	Title:	 	Assistant Vice President
		
	By:	 	/s/ Julia R. Franklin
		 	  

	Name:	 	Julia R. Franklin
	Title:	 	Vice President

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
	as a Lender
		
	By:	 	/s/ Maria Ferradas
		 	  

	Name:	 	Maria Ferradas
	Title:	 	Vice President

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	CITIBANK, N.A.
	 as a Lender

		
	 By:
	 	/s/ Ivan Davey
		 	  

	Name:	 	Ivan Davey
	Title:	 	Vice President

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	EXPORT DEVELOPMENT CANADA
	 as a Lender

		
	By:	 	/s/ Joanne Tognarelli
		 	  

	Name:	 	Joanne Tognarelli
	Title:	 	Senior Financing Manager

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	FIFTH THIRD BANK
	as a Lender
		
	By:	 	/s/ Matthew Lewis
		 	  

	Name:	 	Matthew Lewis
	Title:	 	Vice President

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	HSBC BANK USA, NATIONAL ASSOCIATION
	as a Lender
		
	By:	 	/s/ Mercedes Ahumada
		 	  

	Name:	 	Mercedes Ahumada
	Title:	 	Vice President

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	PNC BANK, NATIONAL ASSOCIATION
	as a Lender
		
	By:	 	/s/ John Berry
		 	  

	Name:	 	John Berry
	Title:	 	Vice President

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	SKANDINAVISKA ENSKILDA BANKEN AB
(PUBL)
	as a Lender
		
	By:	 	/s/ Scott Lewallen
		 	  

	Name:	 	Scott Lewallen
	Title:	 	Head of Shipping Finance

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	THE BANK OF NOVA SCOTIA
	 as a Lender

		
	By:	 	/s/ Mark Sparrow
		 	  

	Name:	 	Mark Sparrow
	Title:	 	Director

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	U.S. BANK NATIONAL ASSOCIATION
	 as a Lender

		
	By:	 	/s/ John Prigge
		 	  

	Name:	 	John Prigge
	Title:	 	Vice President

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	UNICREDIT BANK AG, NEW YORK BRANCH
	 as a Lender

		
	By:	 	/s/ Thomas Dusch
		 	  

	Name:	 	Thomas Dusch
	Title:	 	Managing Director
		
	By:	 	/s/ Umberto Serrano
		 	  

	Name:	 	Umberto Serrano
	Title:	 	Director

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	STANDARD CHARTERED BANK
	 as a Lender

		
	By:	 	/s/ James P. Hughes
		 	  

	Name:	 	James P. Hughes
	Title:	 	Director
		
	By:	 	/s/ Robert Reddington
		 	  

	Name:	 	Robert Reddington
	Title:	 	CDU, Manager

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	FOKUS BANK – NORWEGIAN BRANCH OF DANSKE BANK
	 as a Lender

		
	By:	 	/s/ Erik Bohn
		 	  

	Name:	 	Erik Bohn
	Title:	 	
		 	  

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	NORDEA BANK NORGE ASA
	 as a Lender

		
	By:	 	/s/ Arne Berglund
		 	  

	Name:	 	Arne Berglund
	Title:	 	Senior Vice President

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	ROYALS BANK OF CANADA
	 as a Swingline Lender and a Lender

		
	By:	 	/s/ Kurt Seredynski
		 	  

	Name:	 	Kurt Seredynski
	Title:	 	Director, National Client Group - Finance

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 
			
	SVENSKA HANDELSBANKEN AS (PUBL)
	 as a Lender

		
	By:	 	/s/ Anders Abelson
		 	  

	Name:	 	Anders Abelson
	Title:	 	Senior Vice President

 Signature Page to 5-Year Credit Agreement 

(National Oilwell Varco, Inc.) 

 Schedule 1.1(a) 

Revolving Commitments 
  

					
	 Lender
	  	Revolving
Commitment	 
	 Wells Fargo Bank, N.A.
	  	$	290,000,000.00	  
	 DNB Bank ASA
	  	$	290,000,000.00	  
	 Barclays Bank PLC
	  	$	235,000,000.00	  
	 JPMorgan Chase Bank, NA
	  	$	235,000,000.00	  
	 Lloyds TSB Bank plc
	  	$	235,000,000.00	  
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	235,000,000.00	  
	 Citibank, N.A.
	  	$	235,000,000.00	  
	 Export Development Canada
	  	$	165,000,000.00	  
	 Fifth Third Bank
	  	$	165,000,000.00	  
	 HSBC Bank USA, National Association
	  	$	165,000,000.00	  
	 PNC Bank, National Association
	  	$	165,000,000.00	  
	 Skandinaviska Enskilda Banken AB (publ)
	  	$	165,000,000.00	  
	 The Bank of Nova Scotia
	  	$	165,000,000.00	  
	 U.S. Bank National Association
	  	$	165,000,000.00	  
	 UniCredit Bank AG, New York Branch
	  	$	165,000,000.00	  
	 Standard Chartered Bank
	  	$	105,000,000.00	  
	 Fokus Bank
	  	$	80,000,000.00	  
	 Nordea Bank Norge ASA
	  	$	80,000,000.00	  
	 Royal Bank of Canada
	  	$	80,000,000.00	  
	 Svenska Handelsbanken AB (publ)
	  	$	80,000,000.00	  
		  	  
	  
	 
	 TOTAL:
	  	$	3,500,000,000.00	  
		  	  
	  
	 

 Schedule 1.1(a) 

 SCHEDULE 1.1(b) 

MANDATORY COST RATE 
  

	1.	The Mandatory Cost Rate (to the extent applicable) is an addition to the interest rate otherwise payable to compensate Lenders for the cost of compliance with:

  

	 	(a)	the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions); or

  

	 	(b)	the requirements of the European Central Bank. 

  

	2.	On the first day of each Interest Period (or as soon as possible thereafter) the Administrative Agent shall calculate, as a percentage rate, a rate (the
“Additional Cost Rate”) for each Lender, in accordance with the paragraphs set out below. The Mandatory Cost Rate will be calculated by the Administrative Agent as a weighted average of the Lenders’ Additional Cost Rates
(weighted in proportion to the percentage participation of each Lender in the relevant Advance) and will be expressed as a percentage rate per annum. The Administrative Agent will, at the request of the Borrower or any Lender, deliver to the
Borrower or such Lender as the case may be, a statement setting forth the calculation of any Mandatory Cost Rate. 

  

	3.	The Additional Cost Rate for any Lender lending from a Lending Office in a Participating Member State will be the percentage notified by that Lender to the
Administrative Agent. This percentage will be certified by such Lender in its notice to the Administrative Agent to be its reasonable determination of the cost (expressed as a percentage of such Lender’s participation in all Advances made from
such Lending Office) of complying with the minimum reserve requirements of the European Central Bank in respect of Advances made from that Lending Office. 

  

	4.	The Additional Cost Rate for any Lender lending from a Lending Office in the United Kingdom will be calculated by the Administrative Agent as follows:

  

	 	(a)	in relation to any Advance in Pounds Sterling: 

  

 
  

	 	(b)	in relation to any Advance in any currency other than Pounds Sterling: 

  

 
 Where: 
  

	 	“A”	is the percentage of Eligible Liabilities (assuming these to be in excess of any stated minimum) which that Lender is from time to time required to maintain as an
interest free cash ratio deposit with the Bank of England to comply with cash ratio requirements. 

  

	 	“B”	is the percentage rate of interest (excluding the Applicable Margin, the Mandatory Cost Rate and any interest charged on overdue amounts pursuant to the first sentence
of Section 2.6(b)) payable for the relevant Interest Period of such Advance. 

 Schedule 1.1(b)

	 	“C”	is the percentage (if any) of Eligible Liabilities which that Lender is required from time to time to maintain as interest bearing Special Deposits with the Bank of
England. 

  

	 	“D”	is the percentage rate per annum payable by the Bank of England on interest bearing Special Deposits. 

 

	 	“E”	is designed to compensate Lenders for amounts payable under the Fees Rules and is calculated by the Administrative Agent as being the average of the most recent rates
of charge supplied by the Lenders to the Administrative Agent pursuant to paragraph 7 below and expressed in pounds per £1,000,000. 

  

	5.	For the purposes of this Schedule: 

  

	 	(a)	“Eligible Liabilities” and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of
England Act 1998 or (as may be appropriate) by the Bank of England; 

  

	 	(b)	“Fees Rules” means the rules on periodic fees contained in the FSA Supervision Manual or such other law or regulation as may be in force from time to
time in respect of the payment of fees for the acceptance of deposits; 

  

	 	(c)	“Fee Tariffs” means the fee tariffs specified in the Fees Rules under the activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated
fee required pursuant to the Fees Rules but taking into account any applicable discount rate); and 

  

	 	(d)	“Tariff Base” has the meaning given to it in, and will be calculated in accordance with, the Fees Rules. 

 

	6.	In application of the above formulae, A, B, C and D will be included in the formulae as figures and not as percentages (i.e. 5% will be included in the formula
as 5 and not as 0.05). A negative result obtained by subtracting D from B shall be taken as zero. The resulting figures shall be rounded to four decimal places. 

 

	7.	If requested by the Administrative Agent or the Borrower, each Lender with a Lending Office in the United Kingdom or a Participating Member State shall, as soon as
practicable after publication by the Financial Services Authority, supply to the Administrative Agent and the Borrower, the rate of charge payable by such Lender to the Financial Services Authority pursuant to the Fees Rules in respect of the
relevant financial year of the Financial Services Authority (calculated for this purpose by such Lender as being the average of the Fee Tariffs applicable to such Lender for that financial year) and expressed in pounds per £1,000,000 of the
Tariff Base of such Lender. 

  

	8.	Each Lender shall supply any information required by the Administrative Agent for the purpose of calculating its Additional Cost Rate. In particular, but without
limitation, each Lender shall supply the following information in writing on or prior to the date on which it becomes a Lender: 

  

	 	(a)	the jurisdiction of the Lending Office out of which it is making available its participation in the relevant Advance; and 

 

	 	(b)	any other information that the Administrative Agent may reasonably require for such purpose. 

Schedule 1.1(b) 

 Each Lender shall promptly notify the Administrative Agent in writing of any change to the information
provided by it pursuant to this paragraph. 
  

	9.	The percentages of each Lender for the purpose of A and C above and the rates of charge of each Lender for the purpose of E above shall be determined by the
Administrative Agent based upon the information supplied to it pursuant to paragraphs 7 and 8 above and on the assumption that, unless a Lender notifies the Administrative Agent to the contrary, each Lender’s obligations in
relation to cash ratio deposits and Special Deposits are the same as those of a typical bank from its jurisdiction of incorporation with a Lending Office in the same jurisdiction as its Lending Office. 

 

	10.	The Administrative Agent shall have no liability to any Person if such determination results in an Additional Cost Rate which over- or under-compensates any Lender and
shall be entitled to assume that the information provided by any Lender pursuant to paragraphs 3, 7 and 8 above is true and correct in all respects. 

 

	11.	The Administrative Agent shall distribute the additional amounts received as a result of the Mandatory Cost Rate to the Lenders on the basis of the Additional Cost Rate
for each Lender based on the information provided by each Lender pursuant to paragraphs 3, 7 and 8 above. 

  

	12.	Any determination by the Administrative Agent pursuant to this Schedule in relation to a formula, the Mandatory Cost Rate, an Additional Cost Rate or any amount payable
to a Lender shall, in the absence of manifest error, be conclusive and binding on all parties hereto. 

  

	13.	The Administrative Agent may from time to time, after consultation with the Borrower and the Lenders, determine and notify to all parties any amendments which are
required to be made to this Schedule in order to comply with any change in law, regulation or any requirements from time to time imposed by the Bank of England, the Financial Services Authority or the European Central Bank (or, in any case, any
other authority which replaces all or any of their respective functions) and any such determination shall, in the absence of manifest error, be conclusive and binding on all parties hereto. 

Schedule 1.1(b) 

 Schedule 1.1(c) 

Existing Letters of Credit 
  

																															
	 Instrument
 Ref #
	 	Original
Amount CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	Issue
Date	 	Original
Expiry
Date	 	Current
Expiry
Date	 	Customer
Name	 	Guarantor
Name	 	Beneficiary
Name
	 IS0000940
	 	 	685,036.40	  	 	 	685,036.40	  	 	 	685,036.40	  	 	 	685,036.40	  	 	USD	 	15-Jun-2011	 	15-Nov-2011	 	30-Sep-2012	 	NATIONAL
OILWELL
VARCO	 	NATIONAL
OILWELL
VARCO,
INC.	 	BNP
PARIBAS
	 IS0000966
	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	USD	 	16-Jun-2011	 	30-Jun-2015	 	30-Jun-2015	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0001843
	 	 	659,691.00	  	 	 	659,691.00	  	 	 	659,691.00	  	 	 	659,691.00	  	 	USD	 	27-Jul-2011	 	14-Apr-2015	 	14-Apr-2015	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP
	 IS0001846
	 	 	1,319,381.00	  	 	 	1,319,381.00	  	 	 	1,319,381.00	  	 	 	1,319,381.00	  	 	USD	 	26-Jul-2011	 	15-Aug-2013	 	15-Aug-2013	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP
	 IS0001848
	 	 	659,691.00	  	 	 	659,691.00	  	 	 	659,691.00	  	 	 	659,691.00	  	 	USD	 	26-Jul-2011	 	14-Oct-2015	 	14-Oct-2015	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP
	 IS0001849
	 	 	1,319,381.00	  	 	 	1,319,381.00	  	 	 	1,319,381.00	  	 	 	1,319,381.00	  	 	USD	 	27-Jul-2011	 	14-Feb-2013	 	14-Feb-2013	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP
	 IS0001850
	 	 	659,691.00	  	 	 	659,691.00	  	 	 	659,691.00	  	 	 	659,691.00	  	 	USD	 	26-Jul-2011	 	14-Dec-2014	 	14-Dec-2014	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP
	 IS0001851
	 	 	659,691.00	  	 	 	659,691.00	  	 	 	659,691.00	  	 	 	659,691.00	  	 	USD	 	26-Jul-2011	 	14-May-2015	 	14-May-2015	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP
	 IS0001852
	 	 	1,319,381.00	  	 	 	1,319,381.00	  	 	 	1,319,381.00	  	 	 	1,319,381.00	  	 	USD	 	27-Jul-2011	 	14-Oct-2012	 	14-Oct-2012	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP
	 IS0001863
	 	 	1,319,381.00	  	 	 	1,319,381.00	  	 	 	1,319,381.00	  	 	 	1,319,381.00	  	 	USD	 	27-Jul-2011	 	03-Apr-2013	 	03-Apr-2013	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP
	 IS0001870
	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	USD	 	27-Jul-2011	 	13-May-2014	 	13-May-2014	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP

 Schedule 1.1(c) 

																																							
	 Instrument
 Ref #
	 	Original
Amount CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	 	Issue
Date	 	 	Original
Expiry
Date
	 	 	Current
Expiry
Date	 	 	Customer
Name	 	Guarantor
Name	 	Beneficiary Name
	IS0002088	 	 	3,233,600.00	  	 	 	3,233,600.00	  	 	 	3,233,600.00	  	 	 	3,233,600.00	  	 	 	USD	  	 	 	04-Aug-2011	  	 	 	30-Jan-2013	  	 	 	30-Jan-2013	  	 	NATIONAL
 OILWEL

L VARCO
L.P.
	 	NATIONAL
 OILWELL

VARCO,
INC.
	 	HSBC BANK
 USA

	 IS0002091
	 	 	1,616,800.00	  	 	 	1,616,800.00	  	 	 	1,616,800.00	  	 	 	1,616,800.00	  	 	 	USD	  	 	 	04-Aug-2011	  	 	 	14-Aug-2014	  	 	 	14-Aug-2014	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG &
SHANGHAI
BANKING CORP
	 IS0002229
	 	 	441,734.00	  	 	 	44,173.40	  	 	 	44,173.40	  	 	 	44,173.40	  	 	 	USD	  	 	 	11-Aug-2011	  	 	 	30-May-2014	  	 	 	30-May-2014	  	 	NOV
GRANT
PRIDECO	 	NATIONAL
OILWELL
VARCO,
INC.	 	ABU DHABI
INTERNATIONAL
BANK
	 IS0002383
	 	 	15,850,000.00	  	 	 	15,850,000.00	  	 	 	15,850,000.00	  	 	 	15,850,000.00	  	 	 	USD	  	 	 	19-Aug-2011	  	 	 	20-Aug-2013	  	 	 	20-Aug-2013	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0002389
	 	 	13,966,000.00	  	 	 	13,996,100.00	  	 	 	13,996,100.00	  	 	 	13,996,100.00	  	 	 	USD	  	 	 	19-Aug-2011	  	 	 	04-Feb-2014	  	 	 	04-Feb-2014	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0002395
	 	 	16,000,000.00	  	 	 	16,000,000.00	  	 	 	16,000,000.00	  	 	 	16,000,000.00	  	 	 	USD	  	 	 	19-Aug-2011	  	 	 	25-Feb-2014	  	 	 	25-Feb-2014	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0002506
	 	 	29,053,200.00	  	 	 	29,053,200.00	  	 	 	29,053,200.00	  	 	 	29,053,200.00	  	 	 	USD	  	 	 	24-Aug-2011	  	 	 	29-Dec-2012	  	 	 	29-Dec-2012	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0002512
	 	 	29,053,200.00	  	 	 	29,053,200.00	  	 	 	29,053,200.00	  	 	 	29,053,200.00	  	 	 	USD	  	 	 	24-Aug-2011	  	 	 	13-Jan-2014	  	 	 	13-Jan-2014	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0002515
	 	 	29,053,200.00	  	 	 	29,053,200.00	  	 	 	29,053,200.00	  	 	 	29,053,200.00	  	 	 	USD	  	 	 	24-Aug-2011	  	 	 	02-Aug-2013	  	 	 	02-Aug-2013	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0002602
	 	 	8,578,000.00	  	 	 	22,517,250.00	  	 	 	22,517,250.00	  	 	 	22,517,250.00	  	 	 	USD	  	 	 	29-Aug-2011	  	 	 	01-Jan-2014	  	 	 	01-Jan-2014	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HSBC BANK
(CHINA) COMPANY
LTD.

	 IS0002605
	 	 	1,090,000.00	  	 	 	1,090,000.00	  	 	 	1,090,000.00	  	 	 	1,090,000.00	  	 	 	USD	  	 	 	29-Aug-2011	  	 	 	14-Feb-2015	  	 	 	14-Feb-2015	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG &
SHANGHAI
BANKING CORP
	 IS0002621
	 	 	1,090,000.00	  	 	 	1,090,000.00	  	 	 	1,090,000.00	  	 	 	1,090,000.00	  	 	 	USD	  	 	 	30-Aug-2011	  	 	 	14-Jan-2016	  	 	 	14-Jan-2016	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG &
SHANGHAI
BANKING CORP.
	 IS0002629
	 	 	2,180,000.00	  	 	 	2,180,000.00	  	 	 	2,180,000.00	  	 	 	2,180,000.00	  	 	 	USD	  	 	 	31-Aug-2011	  	 	 	02-Jan-2014	  	 	 	02-Jan-2014	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,INC.	 	HONGKONG
ANDSHANGHAI
BANKINGCORP.

  
 Schedule
1.1(c) 
 Page 2 of 14 

																																					
	 Instrument
 Ref #
	 	Original
Amount CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	Issue
Date	 	 	Original
Expiry
Date
	 	 	Current
Expiry
Date	 	 	Customer
Name	 	Guarantor
Name	 	Beneficiary
Name
	 IS0002631
	 	 	18,933,150.00	  	 	 	18,933,150.00	  	 	 	18,933,150.00	  	 	 	18,933,150.00	  	 	USD	 	 	30-Aug-2011	  	 	 	02-Jan-2013	  	 	 	02-Jan-2013	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0002632
	 	 	18,933,150.00	  	 	 	18,933,150.00	  	 	 	18,933,150.00	  	 	 	18,933,150.00	  	 	USD	 	 	30-Aug-2011	  	 	 	02-Jul-2013	  	 	 	02-Jul-2013	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0002633
	 	 	8,578,000.00	  	 	 	22,517,250.00	  	 	 	22,517,250.00	  	 	 	22,517,250.00	  	 	USD	 	 	30-Aug-2011	  	 	 	01-Jul-2013	  	 	 	01-Jul-2013	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HSBC BANK
(CHINA)
COMPANY
LTD.
	 IS0002638
	 	 	2,180,000.00	  	 	 	2,180,000.00	  	 	 	2,180,000.00	  	 	 	2,180,000.00	  	 	USD	 	 	31-Aug-2011	  	 	 	14-Oct-2012	  	 	 	14-Oct-2012	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG &
SHANGHAI
BANKING
CORP
	 IS0002887
	 	 	388,500.00	  	 	 	388,500.00	  	 	 	388,500.00	  	 	 	388,500.00	  	 	USD	 	 	13-Sep-2011	  	 	 	01-Oct-2012	  	 	 	01-Oct-2012	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HSBC BANK
(CHINA)
COMPANY
LTD.
	 IS0003515
	 	 	15,850,000.00	  	 	 	15,850,000.00	  	 	 	15,850,000.00	  	 	 	15,850,000.00	  	 	USD	 	 	03-Oct-2011	  	 	 	28-Mar-2012	  	 	 	28-Mar-2013	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0003675
	 	 	16,000,000.00	  	 	 	16,000,000.00	  	 	 	16,000,000.00	  	 	 	16,000,000.00	  	 	USD	 	 	03-Oct-2011	  	 	 	30-Sep-2012	  	 	 	30-Sep-2013	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0003695
	 	 	13,996,100.00	  	 	 	13,996,100.00	  	 	 	13,996,100.00	  	 	 	13,996,100.00	  	 	USD	 	 	03-Oct-2011	  	 	 	30-Sep-2012	  	 	 	30-Sep-2013	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0004068
	 	 	1,516,478.00	  	 	 	1,516,478.00	  	 	 	1,516,478.00	  	 	 	1,516,478.00	  	 	USD	 	 	11-Oct-2011	  	 	 	14-Oct-2012	  	 	 	14-Oct-2012	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG &
SHANGHAI
BANKING
CORP
	 IS0004070
	 	 	758,239.00	  	 	 	758,239.00	  	 	 	758,239.00	  	 	 	758,239.00	  	 	USD	 	 	11-Oct-2011	  	 	 	14-Aug-2014	  	 	 	14-Aug-2014	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG &
SHANGHAI
BANKING
CORP
	 IS0004084
	 	 	927,100.00	  	 	 	933,655.25	  	 	 	933,655.25	  	 	 	933,655.25	  	 	USD	 	 	11-Oct-2011	  	 	 	15-Nov-2012	  	 	 	05-Dec-2012	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	BANKMUSCAT
SAOG
	 IS0004207
	 	 	927,100.00	  	 	 	933,655.25	  	 	 	933,655.25	  	 	 	933,655.25	  	 	USD	 	 	13-Oct-2011	  	 	 	01-Jan-2013	  	 	 	05-Jan-2013	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	BANKMUSCAT
SAOG
	 IS0004756
	 	 	19,609,300.00	  	 	 	19,609,300.00	  	 	 	19,609,300.00	  	 	 	19,609,300.00	  	 	USD	 	 	20-Oct-2011	  	 	 	08-Aug-2012	  	 	 	08-Aug-2013	  	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK

  
 Schedule
1.1(c) 
 Page 3 of 14 

																																							
	 Instrument
 Ref #
	 	Original
Amount CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	 	Issue
Date	 	 	Original
Expiry
Date
	 	 	Current
Expiry
Date	 	 	Customer
Name	 	Guarantor
Name	 	Beneficiary
Name
	 IS0005055
	 	 	3,050,000.00	  	 	 	3,050,000.00	  	 	 	3,050,000.00	  	 	 	3,050,000.00	  	 	 	USD	  	 	 	26-Oct-2011	  	 	 	28-Apr-2013	  	 	 	28-Apr-2013	  	 	HYDRALIFT
AMCLYDE
INC.	 	NATIONAL
OILWELL
VARCO,
INC.	 	NATIONAL
BANK OF
ABU DHABI
	 IS0005997
	 	 	7,720,000.00	  	 	 	7,720,000.00	  	 	 	7,720,000.00	  	 	 	7,720,000.00	  	 	 	USD	  	 	 	09-Nov-2011	  	 	 	30-Apr-2013	  	 	 	30-Apr-2013	  	 	NATIONAL
OILWELL
VARCO, L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	INDUSTRIAL
& COMM’L
BANK OF
CHINA
	 IS0006595
	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	USD	  	 	 	09-Nov-2011	  	 	 	14-Nov-2012	  	 	 	14-Nov-2014	  	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP.
	 IS0006597
	 	 	1,256,555.00	  	 	 	1,256,555.00	  	 	 	1,256,555.00	  	 	 	1,256,555.00	  	 	 	USD	  	 	 	09-Nov-2011	  	 	 	14-Dec-2012	  	 	 	14-Dec-2014	  	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP.
	 IS0006937
	 	 	2,926,368.00	  	 	 	2,926,368.00	  	 	 	2,926,368.00	  	 	 	2,926,368.00	  	 	 	USD	  	 	 	14-Nov-2011	  	 	 	01-Nov-2012	  	 	 	01-Nov-2012	  	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP.
	 IS0006975
	 	 	1,463,184.00	  	 	 	1,463,184.00	  	 	 	1,463,184.00	  	 	 	1,463,184.00	  	 	 	USD	  	 	 	14-Nov-2011	  	 	 	01-Nov-2012	  	 	 	06-Jan-2015	  	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP.
	 IS0007583
	 	 	349,400.00	  	 	 	349,400.00	  	 	 	349,400.00	  	 	 	349,400.00	  	 	 	USD	  	 	 	23-Nov-2011	  	 	 	12-Nov-2012	  	 	 	12-Nov-2012	  	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	BANK OF
CHINA
LIMITED
	 IS0007836
	 	 	998,400.00	  	 	 	998,400.00	  	 	 	998,400.00	  	 	 	998,400.00	  	 	 	USD	  	 	 	05-Dec-2011	  	 	 	29-Sep-2013	  	 	 	29-Sep-2013	  	 	DRECO
ENERGY
SERVICES
ULC	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP.
	 IS0007857
	 	 	1,192,850.00	  	 	 	1,192,850.00	  	 	 	1,192,850.00	  	 	 	1,192,850.00	  	 	 	USD	  	 	 	05-Dec-2011	  	 	 	16-Jun-2013	  	 	 	16-Jun-2013	  	 	DRECO
ENERGY
SERVICES
ULC	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP.
	 IS0007972
	 	 	1,817,500.00	  	 	 	1,817,500.00	  	 	 	1,817,500.00	  	 	 	1,817,500.00	  	 	 	USD	  	 	 	08-Dec-2011	  	 	 	30-Apr-2014	  	 	 	30-Apr-2014	  	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	CHINA
MERCHANTS
BANK
	 IS0007974
	 	 	1,817,500.00	  	 	 	1,817,500.00	  	 	 	1,817,500.00	  	 	 	1,817,500.00	  	 	 	USD	  	 	 	08-Dec-2011	  	 	 	30-Dec-2013	  	 	 	30-Dec-2013	  	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	CHINA
MERCHANTS
BANK
	 IS0007977
	 	 	7,270,000.00	  	 	 	7,270,000.00	  	 	 	7,270,000.00	  	 	 	7,270,000.00	  	 	 	USD	  	 	 	07-Dec-2011	  	 	 	10-Aug-2013	  	 	 	10-Aug-2013	  	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	CHINA
MERCHANTS
BANK
	 IS0007978
	 	 	7,270,000.00	  	 	 	7,270,000.00	  	 	 	7,270,000.00	  	 	 	7,270,000.00	  	 	 	USD	  	 	 	08-Dec-2011	  	 	 	10-Oct-2013	  	 	 	10-Oct-2013	  	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	CHINA
MERCHANTS
BANK

  
 Schedule
1.1(c) 
 Page 4 of 14 

																																	
	 Instrument
 Ref #
	 	Original
Amount
CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	 	Issue
Date	 	Original
Expiry Date	 	Current
Expiry Date	 	Customer
Name	 	Guarantor
Name	 	Beneficiary
Name
	 IS0008457
	 	 	19,609,300.00	  	 	 	19,609,300.00	  	 	 	19,609,300.00	  	 	 	19,609,300.00	  	 	 	USD	  	 	13-Dec-2011	 	30-Dec-2012	 	30-Dec-2012	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0008536
	 	 	7,720,000.00	  	 	 	7,720,000.00	  	 	 	7,720,000.00	  	 	 	7,720,000.00	  	 	 	USD	  	 	14-Dec-2011	 	30-Apr-2013	 	30-Apr-2013	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	INDUSTRIAL
AND
COMMERCIAL
BANK OF
	 IS0009375
	 	 	680,507.00	  	 	 	680,507.00	  	 	 	680,507.00	  	 	 	680,507.00	  	 	 	USD	  	 	10-Jan-2012	 	30-Jul-2012	 	02-Dec-2012	 	GRANT
PRIDECO,
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	ABU DHABI
INTERNATIONAL
BANK
	 IS0009415
	 	 	20,994,150.00	  	 	 	20,994,150.00	  	 	 	20,994,150.00	  	 	 	20,994,150.00	  	 	 	USD	  	 	13-Jan-2012	 	04-Feb-2013	 	04-Feb-2013	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0009425
	 	 	24,000,000.00	  	 	 	24,000,000.00	  	 	 	24,000,000.00	  	 	 	24,000,000.00	  	 	 	USD	  	 	13-Jan-2012	 	25-Feb-2013	 	25-Feb-2013	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0009432
	 	 	23,775,000.00	  	 	 	23,775,000.00	  	 	 	23,775,000.00	  	 	 	23,775,000.00	  	 	 	USD	  	 	12-Jan-2012	 	20-Aug-2013	 	20-Feb-2013	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0009597
	 	 	4,360,000.00	  	 	 	4,360,000.00	  	 	 	4,360,000.00	  	 	 	4,360,000.00	  	 	 	USD	  	 	24-Jan-2012	 	14-Oct-2012	 	14-Oct-2012	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
AND SHANGHAI
BANKING CORP.
	 IS0009600
	 	 	11,640,000.00	  	 	 	11,640,000.00	  	 	 	11,640,000.00	  	 	 	11,640,000.00	  	 	 	USD	  	 	24-Jan-2012	 	02-Feb-2013	 	02-Feb-2013	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG &
SHANGHAI
BANKING CORP
	 IS0009603
	 	 	6,467,198.00	  	 	 	6,467,198.00	  	 	 	6,467,198.00	  	 	 	6,467,198.00	  	 	 	USD	  	 	24-Jan-2012	 	30-Jan-2013	 	30-Jan-2013	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
AND SHANGHAI
BANKING CORP.
	 IS0009744
	 	 	5,949,384.00	  	 	 	5,949,384.00	  	 	 	5,949,384.00	  	 	 	5,949,384.00	  	 	 	USD	  	 	31-Jan-2012	 	02-Sep-2013	 	02-Sep-2013	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG &
SHANGHAI
BANKING CORP.
	 IS0009750
	 	 	2,974,692.00	  	 	 	2,974,692.00	  	 	 	2,974,692.00	  	 	 	2,974,692.00	  	 	 	USD	  	 	31-Jan-2012	 	15-Jan-2016	 	15-Jan-2016	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG &
SHANGHAI
BANKING CORP.
	 IS0009895
	 	 	1,655,706.32	  	 	 	1,655,706.32	  	 	 	1,655,706.32	  	 	 	1,655,706.32	  	 	 	USD	  	 	07-Feb-2012	 	16-Aug-2012	 	15-Nov-2012	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	COMMERCIAL
BANK OF
KUWAIT S A K
	 IS0010028
	 	 	3,635,000.00	  	 	 	3,635,000.00	  	 	 	3,635,000.00	  	 	 	3,635,000.00	  	 	 	USD	  	 	14-Feb-2012	 	10-Oct-2013	 	10-Oct-2013	 	NATIONAL
OILWELL
VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	CHINA
MERCHANTS
BANK

  
 Schedule
1.1(c) 
 Page 5 of 14 

																																	
	 Instrument
 Ref #
	 	Original
Amount CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	 	Issue
Date	 	Original
Expiry
Date	 	Current
Expiry
Date	 	Customer
Name	 	Guarantor
Name	 	Beneficiary
Name
	 IS0010031
	 	 	3,635,000.00	  	 	 	3,635,000.00	  	 	 	3,635,000.00	  	 	 	3,635,000.00	  	 	 	USD	  	 	14-Feb-2012	 	10-Aug-2013	 	10-Aug-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	CHINA
MERCHANTS
BANK
	 IS0010233
	 	 	15,962,700.00	  	 	 	15,962,700.00	  	 	 	15,962,700.00	  	 	 	15,962,700.00	  	 	 	USD	  	 	24-Feb-2012	 	24-Jun-2012	 	24-Jun-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0010434
	 	 	2,740,000.00	  	 	 	2,740,000.00	  	 	 	2,740,000.00	  	 	 	2,740,000.00	  	 	 	USD	  	 	12-Mar-2012	 	25-Dec-2013	 	25-Dec-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	SINOPEC
USA IND
	 IS0010560
	 	 	774,950.76	  	 	 	774,950.76	  	 	 	774,950.76	  	 	 	774,950.76	  	 	 	USD	  	 	08-Mar-2012	 	25-Aug-2015	 	25-Aug-2015	 	TUBOSCOPE
SERVICIOS
DE BOLIVIA
S.A.	 	NATIONAL
OILWELL
VARCO,
INC.	 	BANCO
MERCANTIL
SANTA
CRUZ S.A.
	 IS0010862
	 	 	757,500.00	  	 	 	757,500.00	  	 	 	757,500.00	  	 	 	757,500.00	  	 	 	USD	  	 	26-Mar-2012	 	27-Apr-2014	 	27-Apr-2014	 	HYDRALIFT
AMCLYDE
INC.	 	NATIONAL
OILWELL
VARCO,
INC.	 	STANDARD
CHARTERED
BANK
	 IS0010943
	 	 	868,000.00	  	 	 	868,000.00	  	 	 	868,000.00	  	 	 	868,000.00	  	 	 	USD	  	 	28-Mar-2012	 	30-Jul-2013	 	30-Jul-2013	 	HYDRALIFT
AMCLYDE
NATIONAL
OILWELL
VARCO	 	NATIONAL
OILWELL
VARCO,
INC.	 	OCBC BANK
 (MALAYSIA)

BERHAD

	 IS0010952
	 	 	651,000.00	  	 	 	651,000.00	  	 	 	651,000.00	  	 	 	651,000.00	  	 	 	USD	  	 	28-Mar-2012	 	30-Jul-2013	 	30-Jul-2013	 	HYDRALIFT
AMCLYDE
NATIONAL
OILWELL
VARCO	 	NATIONAL
OILWELL
VARCO,
INC.	 	OCBC BANK
 (MALAYSIA)

BERHAD

	 IS0010954
	 	 	651,000.00	  	 	 	651,000.00	  	 	 	651,000.00	  	 	 	651,000.00	  	 	 	USD	  	 	28-Mar-2012	 	30-Jul-2013	 	30-Jul-2013	 	HYDRALIFT
AMCLYDE
NATIONAL
OILWELL
VARCO	 	NATIONAL
OILWELL
VARCO,
INC.	 	OCBC BANK
 (MALAYSIA)

BERHAD

	 IS0010955
	 	 	868,000.00	  	 	 	868,000.00	  	 	 	868,000.00	  	 	 	868,000.00	  	 	 	USD	  	 	28-Mar-2012	 	30-Jul-2013	 	30-Jul-2013	 	HYDRALIFT
AMCLYDE
NATIONAL
OILWELL
VARCO	 	NATIONAL
OILWELL
VARCO,
INC.	 	OCBC BANK
 (MALAYSIA)

BERHAD

	 IS0010956
	 	 	434,000.00	  	 	 	434,000.00	  	 	 	434,000.00	  	 	 	434,000.00	  	 	 	USD	  	 	29-Mar-2012	 	01-Oct-2014	 	01-Oct-2014	 	HYDRALIFT
AMCLYDE
NATIONAL
OILWELL
VARCO	 	NATIONAL
OILWELL
VARCO,
INC.	 	OCBC BANK
 (MALAYSIA)

BERHAD

	 IS0010958
	 	 	434,000.00	  	 	 	434,000.00	  	 	 	434,000.00	  	 	 	434,000.00	  	 	 	USD	  	 	29-Mar-2012	 	01-Oct-2014	 	01-Oct-2014	 	HYDRALIFT
AMCLYDE
NATIONAL
OILWELL
VARCO	 	NATIONAL
OILWELL
VARCO,
INC.	 	OCBC BANK
 (MALAYSIA)

BERHAD

  
 Schedule
1.1(c) 
 Page 6 of 14 

																															
	 Instrument
 Ref #
	 	Original
Amount CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	Issue
Date	 	Original
Expiry
Date	 	Current
Expiry
Date	 	Customer
Name	 	Guarantor
Name	 	Beneficiary
Name
	 IS0010987
	 	 	15,962,700.00	  	 	 	15,962,700.00	  	 	 	15,962,700.00	  	 	 	15,962,700.00	  	 	USD	 	29-Mar-2012	 	28-Mar-2013	 	28-Mar-2013	 	NATIONAL
OILWELL
VARCO, L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0011032
	 	 	5,852,736.00	  	 	 	5,852,736.00	  	 	 	5,852,736.00	  	 	 	5,852,736.00	  	 	USD	 	30-Mar-2012	 	01-Nov-2012	 	01-Nov-2012	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG &
SHANGHAI
BANKING
CORP.
	 IS0011556
	 	 	1,004,093.46	  	 	 	1,004,093.46	  	 	 	1,004,093.46	  	 	 	1,004,093.46	  	 	USD	 	24-Apr-2012	 	01-Jul-2012	 	01-Jul-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	BANKMUSCAT
SAOG
	 IS0011630
	 	 	768,656.70	  	 	 	768,656.70	  	 	 	768,656.70	  	 	 	768,656.70	  	 	USD	 	27-Apr-2012	 	05-Aug-2014	 	05-Aug-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	BANK OF
CHINA
LIMITED
	 IS0011896
	 	 	651,000.00	  	 	 	651,000.00	  	 	 	651,000.00	  	 	 	651,000.00	  	 	USD	 	10-May-2012	 	28-Feb-2013	 	28-Feb-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	CHINA
OILFIELD
SERVICES
LIMITED
	 IS0011972
	 	 	8,011,284.00	  	 	 	8,011,284.00	  	 	 	8,011,284.00	  	 	 	8,011,284.00	  	 	USD	 	15-May-2012	 	31-Jan-2013	 	31-Jan-2013	 	NATIONAL
OILWELL
VARCO	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
AND
SHANGHAI
BANKING
CORP.
	 IS0012060
	 	 	11,920,000.00	  	 	 	11,920,000.00	  	 	 	11,920,000.00	  	 	 	11,920,000.00	  	 	USD	 	22-May-2012	 	31-Mar-2014	 	31-Mar-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	SHANGHAI
WAIGAOGIAO
SHIPBUILDING
	 IS0012387
	 	 	29,413,950.00	  	 	 	29,413,950.00	  	 	 	29,413,950.00	  	 	 	29,413,950.00	  	 	USD	 	04-Jun-2012	 	08-Aug-2013	 	08-Aug-2013	 	NATIONAL
OILWELL
VARCO, L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 IS0014587U
	 	 	868,000.00	  	 	 	868,000.00	  	 	 	868,000.00	  	 	 	868,000.00	  	 	USD	 	29-Aug-2012	 	30-Jul-2013	 	30-Jul-2013	 	HYDRALIFT
AMCLYDE
NATIONAL
OILWELL
VARCO	 	NATIONAL
OILWELL
VARCO,
INC.	 	OCBC BANK
 (MALAYSIA)

BERHAD

	 IS0014601U
	 	 	868,000.00	  	 	 	868,000.00	  	 	 	868,000.00	  	 	 	868,000.00	  	 	USD	 	29-Aug-2012	 	30-Jul-2013	 	30-Jul-2013	 	HYDRALIFT
AMCLYDE
NATIONAL
OILWELL
VARCO	 	NATIONAL
OILWELL
VARCO,
INC.	 	OCBC BANK
 (MALAYSIA)

BERHAD

	 NTS447092
	 	 	2,800,000.00	  	 	 	504,000.00	  	 	 	504,000.00	  	 	 	504,000.00	  	 	USD	 	02-Jul-2002	 	01-Jun-2003	 	01-Jun-2013	 	NATIONAL
OILWELL,
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	LUMBERMENS
MUTUAL
CASUALTY
CO.
	 NTS483638
	 	 	7,735,693.00	  	 	 	28,088,580.00	  	 	 	28,088,580.00	  	 	 	28,088,580.00	  	 	USD	 	30-May-2003	 	01-Jun-2004	 	01-Jun-2013	 	NATIONAL
OILWELL,
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	ACE
AMERICAN
INSURANCE

  
 Schedule
1.1(c) 
 Page 7 of 14 

																															
	 Instrument
 Ref #
	 	Original
Amount CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	Issue
Date	 	Original
Expiry
Date	 	Current
Expiry
Date	 	Customer
Name	 	Guarantor
Name	 	Beneficiary
Name
	 NTS577327
	 	 	371,671.20	  	 	 	371,671.20	  	 	 	371,671.20	  	 	 	371,671.20	  	 	USD	 	03-Aug-2006	 	28-Aug-2007	 	28-Aug-2013	 	NATIONAL
OILWELL VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	AFIANZADORA
SOFIMEX S.A.
	 NTS581987
	 	 	303,103.00	  	 	 	151,551.50	  	 	 	151,551.50	  	 	 	151,551.50	  	 	USD	 	11-Oct- 2006	 	30-Jan-2010	 	30-Jan-2013	 	TULSA
EQUIPMENT
MANUFACTURING
CO.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
AND
SHANGHAI
BANKING
CORP.
	 NTS587845
	 	 	765,755.00	  	 	 	765,755.00	  	 	 	765,755.00	  	 	 	765,755.00	  	 	USD	 	04-Jan- 2007	 	10-Sep-2007	 	10-Sep-2013	 	NATIONAL
OILWELL VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	ING FIANZAS
COMERCIAL
AMERICA S.A
	 NTS591776
	 	 	890,000.00	  	 	 	100,000.00	  	 	 	100,000.00	  	 	 	100,000.00	  	 	USD	 	02-Mar-2007	 	30-Nov-2009	 	30-Dec-2012	 	NATIONAL
OILWELL VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	BRITISH ARAB
COMMERCIAL
BANK LTD
	 NTS601618
	 	 	13,040,000.00	  	 	 	20,840,000.00	  	 	 	20,840,000.00	  	 	 	20,840,000.00	  	 	USD	 	25-Jul- 2007	 	24-Jul-2008	 	24-Jul-2013	 	NATIONAL
OILWELL VARCO,
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	ZURICH
AMERICAN
INSURANCE
COMPANY
	 NTS618046
	 	 	3,092,869.90	  	 	 	3,092,869.90	  	 	 	3,092,869.90	  	 	 	3,092,869.90	  	 	USD	 	02-Apr-2008	 	30-Jan-2010	 	01-May-2013	 	NATIONAL
OILWELL VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	BRITISH ARAB
COMMERCIAL
BANK LTD
	 NTS620854
	 	 	646,012.00	  	 	 	387,650.00	  	 	 	387,650.00	  	 	 	387,650.00	  	 	USD	 	15-May-2008	 	01-Jun-2009	 	01-Jun-2013	 	NATIONAL
OILWELL VARCO,
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	RELIANCE
INSURANCE
COMPANY
	 NTS622872
	 	 	657,594.10	  	 	 	657,594.10	  	 	 	657,594.10	  	 	 	657,594.10	  	 	USD	 	16-Jun- 2008	 	20-May-2010	 	20-May-2013	 	NOV RIG
SOLUTIONS	 	NATIONAL
OILWELL
VARCO,
INC.	 	AFIANZADORA
SOFIMEX,S.A.
	 NTS623937
	 	 	2,632,669.55	  	 	 	2,632,669.55	  	 	 	2,632,669.55	  	 	 	2,632,669.55	  	 	USD	 	02-Jul-2008	 	01-Mar-2010	 	01-Mar-2013	 	NATIONAL
OILWELL VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	BRITISH ARAB
COMMERCIAL
BANK LTD
	 NTS625690
	 	 	11,223,671.51	  	 	 	11,223,671.51	  	 	 	11,223,671.51	  	 	 	11,223,671.51	  	 	USD	 	31-Jul-2008	 	30-May-2013	 	30-May-2013	 	NATIONAL
OILWELL
NORWAYS AS	 	NATIONAL
OILWELL
VARCO,
INC.	 	HSBC BANK
PLC
	 NTS625732
	 	 	2,803,242.00	  	 	 	2,803,242.00	  	 	 	2,803,242.00	  	 	 	2,803,242.00	  	 	USD	 	31-Jul-2008	 	14-Mar-2013	 	14-Mar-2013	 	NATIONAL
OILWELL VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG &
SHANGHAI
BANKING
CORP
	 NTS629060
	 	 	2,887,340.00	  	 	 	3,668,597.00	  	 	 	3,668,597.00	  	 	 	3,668,597.00	  	 	USD	 	26-Sep-2008	 	14-Sep-2013	 	14-Sep-2013	 	NATIONAL
OILWELL VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG &
SHANGHAI
BANKING
CORP

  
 Schedule
1.1(c) 
 Page 8 of 14 

																																	
	 Instrument
 Ref #
	 	Original
Amount CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	 	Issue
Date	 	Original
Expiry
Date	 	Current
Expiry
Date	 	Customer
Name	 	Guarantor
Name	 	Beneficiary
Name
	 NTS629141
	 	 	26,593,900.00	  	 	 	13,296,950.00	  	 	 	13,296,950.00	  	 	 	13,296,950.00	  	 	 	USD	  	 	08-Oct-2008	 	15-Nov-2012	 	15-Nov-2012	 	NATIONAL
OILWELL
HOUSTON
LP	 	NATIONAL
OILWELL
VARCO,
INC.	 	SAMSUNG
HEAVY
INDUSTRIES
CO., LTD.
	 NTS629553
	 	 	27,917,500.00	  	 	 	27,917,500.00	  	 	 	27,917,500.00	  	 	 	27,917,500.00	  	 	 	USD	  	 	08-Oct-2008	 	15-Aug-2013	 	15-Aug-2013	 	NATIONAL
OILWELL
HOUSTON
LP	 	NATIONAL
OILWELL
VARCO,
INC.	 	SAMSUNG
HEAVY
INDUSTRIES
CO., LTD.
	 NTS633166
	 	 	1,330,956.00	  	 	 	1,330,956.00	  	 	 	1,330,956.00	  	 	 	1,330,956.00	  	 	 	USD	  	 	16-Dec-2008	 	01-Feb-2012	 	30-Apr-2013	 	NOV RIG
SOLUTIONS
SALES	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
AND
SHANGHAI
BANKING
CORP.
	 NTS634681
	 	 	534,000.00	  	 	 	534,000.00	  	 	 	534,000.00	  	 	 	534,000.00	  	 	 	USD	  	 	20-Jan-2009	 	31-Mar-2011	 	31-Mar-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	BRITISH ARAB
COMMERCIAL
BANK LTD
	 NTS638786
	 	 	784,705.30	  	 	 	784,705.30	  	 	 	784,705.30	  	 	 	784,705.30	  	 	 	USD	  	 	10-Apr-2009	 	31-Jan-2010	 	18-Jun-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
AND
SHANGHAI
BANKING
CORP.
	 NTS639901
	 	 	1,369,994.50	  	 	 	1,369,994.50	  	 	 	1,369,994.50	  	 	 	1,369,994.50	  	 	 	USD	  	 	01-May-2009	 	29-Jan-2014	 	29-Jan-2014	 	NOV
HYDRALIFT
AMCLYDE
INC.	 	NATIONAL
OILWELL
VARCO,
INC.	 	PEMEX
EXPLORACION
Y.PRODUCCION
	 NTS644553
	 	 	3,552,541.30	  	 	 	3,907,296.60	  	 	 	3,907,296.60	  	 	 	3,907,296.60	  	 	 	USD	  	 	28-Jul-2009	 	30-Nov-2011	 	30-Sep-2012	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	OPERADORA
CICSA, S.A. DE
C.V.
	 NTS647246
	 	 	318,000.00	  	 	 	318,000.00	  	 	 	318,000.00	  	 	 	318,000.00	  	 	 	USD	  	 	15-Sep-2009	 	02-Dec-2011	 	29-Sep-2012	 	TUBOSCOPE,
A DIVISION
OF
NATIONAL	 	NATIONAL
OILWELL
VARCO,
INC.	 	BANK OF
CHINA
LIMITED
	 NTS647551
	 	 	682,950.00	  	 	 	682,950.00	  	 	 	682,950.00	  	 	 	682,950.00	  	 	 	USD	  	 	21-Sep-2009	 	30-Sep-2010	 	30-Oct-2013	 	HYDRALIFT
AMCLYDE
INC.	 	NATIONAL
OILWELL
VARCO,
INC.	 	SOCIETE
GENERALE
	 NTS648539
	 	 	547,400.00	  	 	 	547,400.00	  	 	 	547,400.00	  	 	 	547,400.00	  	 	 	USD	  	 	08-Oct-2009	 	24-Sep-2012	 	24-Sep-2012	 	NATIONAL
OILWELL
VARCO -
LIFTING	 	NATIONAL
OILWELL
VARCO,
INC.	 	OPERADORA
CICSA, S.A. DE
C.V.
	 NTS653391
	 	 	136,086.87	  	 	 	136,086.87	  	 	 	136,086.87	  	 	 	136,086.87	  	 	 	USD	  	 	29-Dec-2009	 	01-May-2014	 	05-Dec-2014	 	NATIONAL
OILWELL
VARCO
MISSION	 	NATIONAL
OILWELL
VARCO,
INC.	 	SOCIETE
GENERALE
	 NTS653905
	 	 	1,320,000.00	  	 	 	1,320,000.00	  	 	 	1,320,000.00	  	 	 	1,320,000.00	  	 	 	USD	  	 	11-Jan-2010	 	03-Mar-2014	 	03-Mar-2014	 	NATIONAL
OILWELL
VARCO	 	NATIONAL
OILWELL
VARCO,
INC.	 	DBS BANK LTD.

  
 Schedule
1.1(c) 
 Page 9 of 14 

																																	
	 Instrument
 Ref #
	 	Original
Amount CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	 	Issue
Date	 	Original
Expiry
Date	 	Current
Expiry
Date	 	Customer
Name	 	Guarantor
Name	 	Beneficiary
Name
	 NTS659217
	 	 	1,800,000.00	  	 	 	1,800,000.00	  	 	 	1,800,000.00	  	 	 	1,800,000.00	  	 	 	USD	  	 	20-Apr-2010	 	14-Jan-2014	 	14-Jan-2014	 	NATIONAL
OILWELL
VARCO	 	NATIONAL
OILWELL
VARCO,
INC.	 	DBS BANK
LTD.
	 NTS660391
	 	 	1,009,350.00	  	 	 	1,009,350.00	  	 	 	1,009,350.00	  	 	 	1,009,350.00	  	 	 	USD	  	 	11-May-2010	 	24-Apr-2012	 	16-Mar-2013	 	NOV
HYDRALIFT
AMCLYDE	 	NATIONAL
OILWELL
VARCO,
INC.	 	ARMADA
MARINE
CONTRACTORS
CASPIAN
	 NTS665685
	 	 	346,733.22	  	 	 	346,733.22	  	 	 	346,733.22	  	 	 	346,733.22	  	 	 	USD	  	 	16-Aug-2010	 	01-Jan-2015	 	29-May-2015	 	NATIONAL
OILWELL
VARCO
MISSION	 	NATIONAL
OILWELL
VARCO,
INC.	 	SOCIETE
GENERALE
	 NTS666759
	 	 	307,913.04	  	 	 	314,213.00	  	 	 	314,213.00	  	 	 	314,213.00	  	 	 	USD	  	 	03-Sep-2010	 	06-Oct-2012	 	01-Jul-2014	 	NOV
HYDRA RIG	 	NATIONAL
OILWELL
VARCO,
INC.	 	ROYAL BANK
OF SCOTLAND
NV
	 NTS669863
	 	 	10,000,000.00	  	 	 	28,000,000.00	  	 	 	28,000,000.00	  	 	 	28,000,000.00	  	 	 	USD	  	 	28-Oct-2010	 	01-Jun-2011	 	01-Jun-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	NATIONAL
UNION FIRE
INSURANCE
	 NTS669871
	 	 	500,000.00	  	 	 	500,000.00	  	 	 	500,000.00	  	 	 	500,000.00	  	 	 	USD	  	 	28-Oct-2010	 	01-Jul-2011	 	02-Dec-2012	 	NATIONAL
OILWELL
VARCO, L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	ROYAL BANK
OF CANADA
	 NTS669937
	 	 	618,990.47	  	 	 	618,990.47	  	 	 	618,990.47	  	 	 	618,990.47	  	 	 	USD	  	 	29-Oct-2010	 	30-Oct-2014	 	30-Oct-2014	 	BRANDT, A
DIVISION
OF VARCO
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	CLYDE H.
BOHNSACK
	 NTS670599
	 	 	1,190,000.00	  	 	 	1,190,000.00	  	 	 	1,190,000.00	  	 	 	1,190,000.00	  	 	 	USD	  	 	09-Nov-2010	 	01-Jan-2013	 	01-Jan-2013	 	HYDRALIFT
AMCLYDE
INC.	 	NATIONAL
OILWELL
VARCO,
INC.	 	BANK OF
CHINA
LIMITED
	 NTS674355
	 	 	2,665,188.15	  	 	 	266,518.82	  	 	 	266,518.82	  	 	 	266,518.82	  	 	 	USD	  	 	13-Jan-2011	 	15-Jun-2012	 	15-Dec-2012	 	NOV,
TEXAS OIL
TOOLS	 	NATIONAL
OILWELL
VARCO,
INC.	 	BRITISH ARAB
COMMERCIAL
BANK LTD
	 NTS675318
	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	USD	  	 	28-Jan-2011	 	03-Jul-2014	 	03-Jul-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS675321
	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	USD	  	 	28-Jan-2011	 	05-Nov-2014	 	05-Nov-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS675323
	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	USD	  	 	28-Jan-2011	 	13-Jul-2014	 	13-Jul-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS675324
	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	USD	  	 	28-Jan-2011	 	14-Apr-2014	 	14-Apr-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING

  
 Schedule
1.1(c) 
 Page 10 of 14 

																																	
	 Instrument
 Ref #
	 	Original
Amount CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	 	Issue
Date	 	Original
Expiry
Date	 	Current
Expiry
Date	 	Customer
Name	 	Guarantor
Name	 	Beneficiary
Name
	 NTS675325
	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	USD	  	 	28-Jan-2011	 	08-Dec-2013	 	08-Dec-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS676190
	 	 	766,850.10	  	 	 	26,699.89	  	 	 	26,699.89	  	 	 	26,699.89	  	 	 	USD	  	 	23-Feb-2011	 	03-Mar-2012	 	30-Oct-2012	 	NOV RIG
SOLUTIONS	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
AND
SHANGHAI
BANKING
CORP.
	 NTS677464
	 	 	1,225,000.00	  	 	 	1,225,000.00	  	 	 	1,225,000.00	  	 	 	1,225,000.00	  	 	 	USD	  	 	04-Mar-2011	 	08-Apr-2014	 	08-Apr-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS677475
	 	 	1,225,000.00	  	 	 	1,225,000.00	  	 	 	1,225,000.00	  	 	 	1,225,000.00	  	 	 	USD	  	 	04-Mar-2011	 	08-Apr-2014	 	08-Apr-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS677476
	 	 	12,622,100.00	  	 	 	12,622,100.00	  	 	 	12,622,100.00	  	 	 	12,622,100.00	  	 	 	USD	  	 	07-Mar-2011	 	24-Nov-2012	 	02-Jul-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 NTS677554
	 	 	12,622,100.00	  	 	 	12,622,100.00	  	 	 	12,622,100.00	  	 	 	12,622,100.00	  	 	 	USD	  	 	07-Mar-2011	 	24-May-2012	 	02-Jan-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 NTS677561
	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	USD	  	 	07-Mar-2011	 	04-Jul-2012	 	02-Aug-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 NTS677579
	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	USD	  	 	07-Mar-2011	 	09-Mar-2012	 	29-Dec-2012	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 NTS677828
	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	USD	  	 	10-Mar-2011	 	07-Apr-2014	 	07-Apr-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS678577
	 	 	331,900.00	  	 	 	331,900.00	  	 	 	331,900.00	  	 	 	331,900.00	  	 	 	USD	  	 	23-Mar-2011	 	28-Sep-2012	 	28-Sep-2012	 	HYDRALIFT
AMCLYDE
INC.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HONGKONG
&
SHANGHAI
BANKING
CORP.
	 NTS679280
	 	 	552,509.40	  	 	 	552,509.40	  	 	 	552,509.40	  	 	 	552,509.40	  	 	 	USD	  	 	05-Apr-2011	 	15-Jun-2011	 	01-Jan-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HSBC BANK
(CHINA)
COMPANY
LTD.
	 NTS679799
	 	 	2,910,000.00	  	 	 	2,910,000.00	  	 	 	2,910,000.00	  	 	 	2,910,000.00	  	 	 	USD	  	 	14-Apr-2011	 	14-Nov-2014	 	14-Nov-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS679802
	 	 	2,910,000.00	  	 	 	2,910,000.00	  	 	 	2,910,000.00	  	 	 	2,910,000.00	  	 	 	USD	  	 	14-Apr-2011	 	14-Mar-2015	 	14-Mar-2015	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING

  
 Schedule
1.1(c) 
 Page 11 of 14 

																																	
	 Instrument
 Ref #
	 	Original
Amount CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	 	Issue
Date	 	Original
Expiry
Date	 	Current
Expiry
Date	 	Customer
Name	 	Guarantor
Name	 	Beneficiary
Name
	 NTS679858
	 	 	5,820,000.00	  	 	 	5,820,000.00	  	 	 	5,820,000.00	  	 	 	5,820,000.00	  	 	 	USD	  	 	15-Apr-2011	 	14-Apr-2013	 	14-Apr-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS679869
	 	 	5,820,000.00	  	 	 	5,820,000.00	  	 	 	5,820,000.00	  	 	 	5,820,000.00	  	 	 	USD	  	 	15-Apr-2011	 	14-Apr-2013	 	14-Apr-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS680039
	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	USD	  	 	19-Apr-2011	 	13-Jan-2014	 	13-Jan-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 NTS680682
	 	 	1,500,000.00	  	 	 	1,500,000.00	  	 	 	1,500,000.00	  	 	 	1,500,000.00	  	 	 	USD	  	 	29-Apr-2011	 	21-Aug-2014	 	21-Aug-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS680693
	 	 	1,500,000.00	  	 	 	1,500,000.00	  	 	 	1,500,000.00	  	 	 	1,500,000.00	  	 	 	USD	  	 	29-Apr-2011	 	21-Feb-2015	 	21-Feb-2015	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS681726
	 	 	371,656.00	  	 	 	371,656.00	  	 	 	371,656.00	  	 	 	371,656.00	  	 	 	USD	  	 	19-May-2011	 	30-Jul-2012	 	30-Apr-2013	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	HSBC BANK
USA
	 NTS681755
	 	 	2,790,000.00	  	 	 	2,790,000.00	  	 	 	2,790,000.00	  	 	 	2,790,000.00	  	 	 	USD	  	 	26-May-2011	 	30-Dec-2012	 	30-Dec-2012	 	HYDRALIFT
AMCLYDE
INC.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 NTS681828
	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	USD	  	 	26-May-2011	 	30-Dec-2014	 	30-Dec-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 NTS682062
	 	 	12,622,100.00	  	 	 	12,622,100.00	  	 	 	12,622,100.00	  	 	 	12,622,100.00	  	 	 	USD	  	 	25-May-2011	 	30-Sep-2014	 	30-Sep-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 NTS682063
	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	19,368,800.00	  	 	 	USD	  	 	26-May-2011	 	30-Jun-2014	 	30-Jun-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 NTS682105
	 	 	12,622,100.00	  	 	 	12,622,100.00	  	 	 	12,622,100.00	  	 	 	12,622,100.00	  	 	 	USD	  	 	26-May-2011	 	28-Mar-2015	 	28-Mar-2015	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	KOREA
EXCHANGE
BANK
	 NTS682294
	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	628,277.50	  	 	 	USD	  	 	31-May-2011	 	15-Sep-2014	 	15-Sep-2014	 	NATIONAL
OILWELL
VARCO L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	THE
HONGKONG
AND
SHANGHAI
BANKING
	 NTS900286
	 	 	499,000.00	  	 	 	1,322,508.00	  	 	 	1,322,508.00	  	 	 	1,322,508.00	  	 	 	USD	  	 	19-Apr-2004	 	15-Apr-2005	 	15-Apr-2013	 	GRANT
PRIDECO,
L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	ACE
AMERICAN
INSURANCE
COMPANY

  
 Schedule
1.1(c) 
 Page 12 of 14 

																																	
	 Instrument
 Ref #
	 	Original
Amount CCY	 	 	Outstanding
Balance -
USD	 	 	Outstanding
Balance -
CCY	 	 	Liability
Amount	 	 	CCY	 	 	Issue
Date	 	Original
Expiry
Date	 	Current
Expiry
Date	 	Customer Name	 	Guarantor
Name	 	Beneficiary
Name
	 NTS900802
	 	 	120,000.00	  	 	 	120,000.00	  	 	 	120,000.00	  	 	 	120,000.00	  	 	 	USD	  	 	23-Sep-2004	 	31-Oct-2005	 	01-Jan-2013	 	REEDHYCALOG
UK LIMITED	 	NATIONAL
OILWELL
VARCO,
INC.	 	HSBC BANK
EGYPT
	 NTS901562
	 	 	2,095,000.00	  	 	 	105,900.00	  	 	 	105,900.00	  	 	 	105,900.00	  	 	 	USD	  	 	27-Apr-2005	 	01-May-2006	 	01-May-2013	 	GRANT
PRIDECO, L.P.	 	NATIONAL
OILWELL
VARCO,
INC.	 	NATIONAL
UNION FIRE
INSURANCE
CO OF
	 NTS903462
	 	 	75,000.00	  	 	 	75,000.00	  	 	 	75,000.00	  	 	 	75,000.00	  	 	 	USD	  	 	02-May-2007	 	01-Jan-2008	 	01-Jan-2013	 	REEDHYCALOG,
A GRANT
PRIDECO CO	 	NATIONAL
OILWELL
VARCO,
INC.	 	ENTERGY
GULF
STATES INC
		 				 				 	 	Total	  	 	 	942,058,957.87	  	 				 		 		 		 		 		 	

  
 Schedule
1.1(c) 
 Page 13 of 14 

 EXHIBIT A 
 ASSIGNMENT AND ASSUMPTION 
 This Assignment and Assumption (the
“Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each]2 Assignee identified in item 2 below ([the][each, an]
“Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the
Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not defined herein shall have the meanings
given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by [the][each] Assignee. The Standard Terms and Conditions set forth in Annex 1 attached
hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from
[the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the
Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent
related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] under the respective facilities identified below (including without limitation any letters
of credit, guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a
Lender][the respective Assignors (in their respective capacities as Lenders)] 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 loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to
the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein
collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by
[the][any] Assignor. 
  

							
	1.	  	Assignor[s]:	  	 	  	
				
		  		  	 	  	
				
	2.	  	Assignee[s]:	  	 	  	
				
		  		  	 	  	
		  	[for each Assignee, indicate Affiliate of [identify Lender]

  

	1 	 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first
bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language. 

	2 	 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first
bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language. 

	3 	 Select as appropriate. 

	4 	 Include bracketed language if there are either multiple Assignors or multiple Assignees. 

  
 Exhibit A

 Page 1 of 5 

					
	3.	  	Borrower:	  	NATIONAL OILWELL VARCO, INC.
			
	4.	  	Administrative Agent:	  	WELLS FARGO BANK, NATIONAL ASSOCIATION
			
	5.	  	Credit Agreement:	  	The $3,500,000,000 5-Year Credit Agreement dated as of September 28, 2012 among Borrower, the Lenders parties thereto, the Administrative Agent, and the other agents parties
thereto.
			
	6.	  	Assigned Interest[s]:	  	

  

																			
	 Assignor[s]
	  	Assignee[s]	  	Facility
Assigned	  	Aggregate Amount
of Revolving
Commitment/
Advances for all
Lenders5	 	  	Amount
of
Revolving
Commitment/
Advances Assigned8	 	  	Percentage Assigned
of Revolving
Commitment/
Advances6	 	  	CUSIP
Number
		  		  		  	$	 	  	  	$	 	  	  	 	%	  	  	
		  		  		  	$	 	  	  	$	 	  	  	 	%	  	  	
		  		  		  	$	 	  	  	$	 	  	  	 	%	  	  	

  

					
	[7.	  	Trade Date:                	  	                             
   ]7

 Effective
Date:                    , 20         [TO BE INSERTED BY THE ADMINISTRATIVE AGENT AND WHICH SHALL BE THE
EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Assumption are hereby agreed
to: 
  

			
	 ASSIGNOR[S]

	 [NAME OF ASSIGNOR]

		
	 By:
	 	 
	 Title:
	 	
	
	 ASSIGNEE[S]

	 [NAME OF ASSIGNEE]

		
	 By:
	 	 
	 Title:
	 	

 Consented to and Accepted: 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, as 
 Administrative Agent 

 

			
	By	 	 

  

	5 	 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

	6 	 Set forth, to at least 9 decimals, as a percentage of the Revolving Commitment/Advances of all Lenders thereunder. 

	7 	 To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount is to be determined as of the Trade Date.

  
 Exhibit A

 Page 2 of 5 

			
	Title:
	[Consented to:]8
	
	[NAME OF ISSUING LENDERS]
		
	By	 	 
	Title:	 	
	
	[NAME OF SWINGLINE LENDERS]
		
	By	 	 
	Title:	 	
	
	NATIONAL OILWELL VARCO, INC.
		
	By	 	 
	Title:	 	

  

	8 	 Borrower’s consent not necessary if Event of Default exists. 

  
 Exhibit A

 Page 3 of 5 

 ANNEX 1 
 STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 
 1.1
Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance
or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no
responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Credit Document, (ii) the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the
performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Credit Document. 
 1.2. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements set forth in the definition of “Eligible Assignee” under the Credit Agreement
(subject to such consents, if any, as may be required thereunder), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned
Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the person exercising discretion in making its
decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial
statements delivered pursuant to Section 5.6 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase
[the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision
to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms
of the Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, [the][any] Assignor or any other Lender, and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Credit Documents are required to be performed by it as a Lender. 
 2. Payments. From and after the
Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignee whether such amounts have accrued prior
to, on or after the Effective Date. The Assignor[s] and the Assignee[s] shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Effective Date or with respect to the making of this assignment directly
between themselves. 

  
 Exhibit A

 Page 4 of 5 

 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit
of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page
of this Assignment and Assumption by facsimile shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the
State of New York. 

  
 Exhibit A

 Page 5 of 5 

 EXHIBIT B 
 COMPLIANCE CERTIFICATE 
 This certificate dated as
of                    , 20                 is prepared pursuant to
Section 5.6 [(a)] [(b)] of the 5-Year Credit Agreement dated as of September [    ], 2012 (as it may be amended in accordance with its terms, the “Credit Agreement”) among National Oilwell Varco, Inc. (the
“Borrower”), the Lenders and Wells Fargo Bank, National Association, as Administrative Agent. Unless otherwise defined in this certificate, capitalized terms that are defined in the Credit Agreement shall have the meaning set forth in the
Credit Agreement. 
 The Borrower hereby certifies to the Administrative Agents and the Lenders as follows: 

The attached financial statements are (check one) [     ] quarterly financial statements
dated                    , [     ] annual financial statements dated
                    , and fairly present on a consolidated basis the balance sheet, statements of income and retained earnings and cash flows of the
Borrower covered thereby as of the date thereof and for the period covered thereby, other than the omission of any footnotes as permitted at such time by the SEC and subject to normal year-end audit adjustments for any such financial statements that
are quarterly financial statements. 
 As of the date of the attached financial statements and with respect to the Borrower on a consolidated
basis: 
 The compliance with the provisions of Section 6.8 is as follows: 

Total Capitalization Ratio 
  

					
	 Actual
	  	Required	 
	         to 1.00
	  	 	0.60 to 1.00	  

 No Default has occurred or is continuing and all of the representations and warranties made by the Borrower in the Credit
Agreement and each other Credit Document are true and correct in all material respects as if made on this date, except to the extent that such representations and warranties expressly relate solely to an earlier date, in which case they are true and
correct in all material respects as of such earlier date. 
 Executed this
                    day of                     ,
20                . 
  

 

			
	NATIONAL OILWELL VARCO, INC.
		
	By:	 	  
	Name:	 	 
	Title:	 	 

  
 Exhibit B

 Page 1 of 1 

 EXHIBIT C 
 NOTICE OF BORROWING 
 [DATE] 

Wells Fargo Bank, National Association, 
 as
Administrative Agent under the Credit Agreement herein described 
 1740 Broadway 
 C7300-034 
 Denver, Colorado 80274 
 Attention: Agency Syndication 
 Ladies and Gentlemen: 

The undersigned, NATIONAL OILWELL VARCO, INC., a Delaware corporation (the “Borrower”), refers to the 5-Year Credit Agreement dated as of
September 28, 2012 (as the same may be further amended or modified from time to time, the “Credit Agreement,” the defined terms of which are used in this Notice of Borrowing unless otherwise defined in this Notice of Borrowing) among
the Borrower, the Lenders and Wells Fargo Bank, National Association as the Administrative Agent and hereby gives you irrevocable notice pursuant to Section 2.2(a) of the Credit Agreement that the undersigned hereby requests a Revolving
Borrowing, and in connection with that request sets forth below the information relating to such Revolving Borrowing (the “Proposed Borrowing”) as required by Section 2.2(a) of the Credit Agreement: 

1. (a) The Business Day of the Proposed Borrowing is
                    , 20             . 

2. (b) The Proposed Borrowing will be a Revolving Borrowing composed of [Adjusted Base Rate Advances] [Eurocurrency Rate
Advances]. 
 3. (c) The aggregate amount of the Proposed Borrowing is
$            . 
 4. (d) The Interest Period for each
Eurocurrency Rate Advance made as part of the Proposed Borrowing is [                     month[s]]. 

5. [(e) The Designated Currency of the Proposed Borrowing
is                    .] 
 The undersigned
hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed Borrowing: 
 (1) the representations and warranties contained in the Credit Agreement and each of the other Credit Documents are true and correct in all material respects on and as of the date of Proposed Borrowing,
before and after giving effect to such Proposed Borrowing and to the application of the proceeds from such Proposed Borrowing, as though made on and as of the date of such Proposed Borrowing, except to the extent that any such representation or
warranty expressly relates solely to an earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date; and 

  
 Exhibit C

 Page 1 of 2 

 (2) no Default has occurred and is continuing or would result from the Proposed Borrowing
or from the application of the proceeds therefrom. 
  

			
	Very truly yours,
	
	NATIONAL OILWELL VARCO, INC.,
		
	By:	 	  
	Name:	 	 
	Title:	 	 

  
 Exhibit C

 Page 2 of 2 

 EXHIBIT D 
 NOTICE OF CONVERSION OR CONTINUATION 
 [Date] 

Wells Fargo Bank, National Association, 
 as
Administrative Agent under the Credit Agreement herein described 
 1740 Broadway 
 C7300-034 
 Denver, Colorado 80274 
 Attention: Agency Syndication 
 Ladies and Gentlemen: 

The undersigned, National Oilwell Varco, Inc., a Delaware corporation (the “Borrower”), refers to the 5-Year Credit Agreement dated as of
September 28, 2012, (as the same may be further amended or modified from time to time, the “Credit Agreement,” the defined terms of which are used in this Notice of Conversion or Continuation unless otherwise defined in this Notice of
Conversion or Continuation), among the Borrower, the Lenders and Wells Fargo Bank, National Association as the Administrative Agent and hereby gives you irrevocable notice pursuant to Section 2.2(b) of the Credit Agreement that the undersigned
hereby requests a Conversion or continuation of an outstanding Revolving Borrowing, and in connection with that request sets forth below the information relating to such Conversion or continuation (the “Proposed Borrowing”) as required by
Section 2.2(b) of the Credit Agreement: 
 6. (a) The Business Day of the Proposed Borrowing is
                    , 20             . 

7. (b) The Proposed Borrowing will be a composed of [Adjusted Base Rate Advances] [Eurocurrency Rate Advances].

 8. (c) The aggregate amount of the Revolving Borrowing to be Converted or continued is
$                     and consists of [Adjusted Base Rate Advances] [Eurocurrency Rate Advances]. 

9. (d) The Proposed Borrowing consists of [a Conversion to [Adjusted Base Rate Advances] [Eurocurrency Rate Advances]] [a
continuation of [Adjusted Base Rate Advances] [Eurocurrency Rate Advances]]. 
 10. (e) The Interest Period for
each Eurocurrency Rate Advance made as part of the Proposed Borrowing is [                 month[s]]. 

 
  

			
	Very truly yours,
	
	NATIONAL OILWELL VARCO, INC.
		
	By:	 	  
	Name:	 	 
	Title:	 	 

  
 Exhibit D

 Page 1 of 1 

 EXHIBIT E 
 FORM OF REVOLVING NOTE 
  

			
	$                    	  	                    ,
20    

 For value received, the undersigned NATIONAL OILWELL VARCO, INC., a Delaware corporation
(“Borrower”), hereby promises to pay to the order of                      (“Lender”) the principal amount
of                    
and                    /100 Dollars ($ ) or, if less, the aggregate outstanding principal amount of each Revolving Advance (as defined in the
Credit Agreement referred to below) made by the Lender to the Borrower, together with interest on the unpaid principal amount of each such Revolving Advance from the date of such Revolving Advance until such principal amount is paid in full, at such
interest rates, and at such times, as are specified in the Credit Agreement. 
 This Revolving Note is one of the Revolving
Notes referred to in, and is entitled to the benefits of, and is subject to the terms of, the 5-Year Credit Agreement dated as of September 28, 2012 (as the same may be further amended or modified from time to time, the “Credit
Agreement”), among the Borrower, the lenders party thereto from time to time (including the Lender) and Wells Fargo Bank, National Association, as Administrative Agent. Capitalized terms used in this Revolving Note that are defined in the
Credit Agreement and not otherwise defined in this Revolving Note have the meanings assigned to such terms in the Credit Agreement. The Credit Agreement, among other things, (a) provides for the making of Revolving Advances by the Lender to the
Borrower from time to time in an aggregate amount not to exceed at any time outstanding the Dollar Amount first above mentioned and (b) contains provisions for acceleration of the maturity of this Revolving Note upon the happening of certain
events stated in the Credit Agreement and for prepayments of principal prior to the maturity of this Revolving Note upon the terms and conditions specified in the Credit Agreement. 

Both principal and interest are payable in the Designated Currency of the Revolving Advances to the Administrative
Agent at 1000 Louisiana, 9th Floor, Houston, Texas 77002
(or at such other location or address as may be specified by the Administrative Agent to the Borrower) in same day funds. The Lender shall record all Revolving Advances and payments of principal made under this Revolving Note, but no failure of the
Lender to make such recordings shall affect the Borrower’s repayment obligations under this Revolving Note. 
 Except as
specifically provided in the Credit Agreement, the Borrower hereby waives presentment, demand, protest, notice of intent to accelerate, notice of acceleration, and any other notice of any kind. No failure to exercise, and no delay in exercising, any
rights hereunder on the part of the holder of this Note shall operate as a waiver of such rights. 

  
 Exhibit E

 Page 1 of 2 

 This Revolving Note shall be governed by, and construed and enforced in accordance with, the
laws of the state of New York without regard to conflict of law principles thereof. 
 THIS WRITTEN NOTE, TOGETHER WITH THE
OTHER CREDIT DOCUMENTS, AS DEFINED IN THE CREDIT AGREEMENT, REPRESENT THE FINAL AGREEMENT BETWEEN THE BORROWER AND THE LENDER WITH RESPECT TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT
ORAL AGREEMENTS OF THE BORROWER AND THE LENDER. 
  

			
	NATIONAL OILWELL VARCO, INC
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 Exhibit E

 Page 2 of 2 

 EXHIBIT F 
 FORM OF SWINGLINE NOTE 
  

			
	$                    	  	                    ,
20            

 For value received, the undersigned NATIONAL OILWELL VARCO, INC., a Delaware corporation
(“Borrower”), hereby promises to pay to the order of                    (“Swingline Lender”) the principal amount of
                    and                    /100
Dollars ($ ) or, if less, the aggregate outstanding principal amount of each Swingline Advance (as defined in the Credit Agreement referred to below) made by the Swingline Lender to the Borrower, together with interest on the unpaid principal
amount of each such Swingline Advance from the date of such Swingline Advance until such principal amount is paid in full, at such interest rates, and at such times, as are specified in the Credit Agreement. 

This Swingline Note is one of the Swingline Notes referred to in, and is entitled to the benefits of, and is subject to the terms of, the
5-Year Credit Agreement dated as of September 28, 2012 (as the same may be further amended or modified from time to time, the “Credit Agreement”), among the Borrower, the lenders party thereto from time to time (including the
Swingline Lender) and Wells Fargo Bank, National Association, as Administrative Agent. Capitalized terms used in this Swingline Note that are defined in the Credit Agreement and not otherwise defined in this Swingline Note have the meanings assigned
to such terms in the Credit Agreement. The Credit Agreement, among other things, (a) provides for the making of Swingline Advances by the Swingline Lender to the Borrower from time to time in an aggregate amount not to exceed at any time
outstanding the Dollar Amount first above mentioned and (b) contains provisions for acceleration of the maturity of this Swingline Note upon the happening of certain events stated in the Credit Agreement and for prepayments of principal prior
to the maturity of this Swingline Note upon the terms and conditions specified in the Credit Agreement. 
 Both principal and
interest are payable in the Designated Currency of the Swingline Advances to the Swingline Lender at                     (or at such other location
or address as may be specified by the Swingline Lender to the Borrower) in same day funds. The Swingline Lender shall record all Swingline Advances and payments of principal made under this Swingline Note, but no failure of the Swingline Lender to
make such recordings shall affect the Borrower’s repayment obligations under this Swingline Note. 
 Except as specifically
provided in the Credit Agreement, the Borrower hereby waives presentment, demand, protest, notice of intent to accelerate, notice of acceleration, and any other notice of any kind. No failure to exercise, and no delay in exercising, any rights
hereunder on the part of the holder of this Note shall operate as a waiver of such rights. 

  
 Exhibit F

 Page 1 of 2 

 This Swingline Note shall be governed by, and construed and enforced in accordance with, the
laws of the state of New York without regard to conflict of law principles thereof. 
 THIS WRITTEN NOTE, TOGETHER WITH THE
OTHER CREDIT DOCUMENTS, AS DEFINED IN THE CREDIT AGREEMENT, REPRESENT THE FINAL AGREEMENT BETWEEN THE BORROWER AND THE SWINGLINE LENDER WITH RESPECT TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR
SUBSEQUENT ORAL AGREEMENTS OF THE BORROWER AND THE SWINGLINE LENDER. 
  

			
	NATIONAL OILWELL VARCO, INC
		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  
 Exhibit F

 Page 2 of 2 

 EXHIBIT G-1 
 FORM OF U.S. TAX COMPLIANCE CERTIFICATE 
 (For Foreign Lenders That Are Not
Partnerships For U.S. Federal Income Tax Purposes) 
 Reference is hereby made to the 5-Year Credit Agreement dated as of
September 28, 2012 (as it may be amended in accordance with its terms, the “Credit Agreement”) among National Oilwell Varco, Inc. (the “Borrower”), the Lenders and Wells Fargo Bank, National Association, as
Administrative Agent, an Issuing Lender and the U.S. Swingline Lender. 
 Pursuant to the provisions of Section 2.11 of the
Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Advance(s) (as well as any Note(s) evidencing such Advance(s)) in respect of which it is providing this certificate, (ii) it is
not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign
corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the
Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned
shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the
calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 

 

			
	[NAME OF LENDER]
		
	 By:
	 	 
		 	Name:
		 	Title:

 Date:
                    , 20[ ] 

  
 Exhibit G-1

 Page 1 of 1 

 EXHIBIT G-2 
 FORM OF U.S. TAX COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Not
Partnerships For U.S. Federal Income Tax Purposes) 
 Reference is hereby made to the 5-Year Credit Agreement dated as of
September 28, 2012 (as it may be amended in accordance with its terms, the “Credit Agreement”) among National Oilwell Varco, Inc. (the “Borrower”), the Lenders and Wells Fargo Bank, National Association, as
Administrative Agent, an Issuing Lender and the U.S. Swingline Lender. 
 Pursuant to the provisions of Section 2.11 of the
Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of
Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as
described in Section 881(c)(3)(C) of the Code]. 
 The undersigned has furnished its participating Lender with a
certificate of its non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in
writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the
two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used
herein shall have the meanings given to them in the Credit Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	 By:
	 	 
		 	Name:
		 	Title:

Date:                    , 20[ ] 

  
 Exhibit G-2

 Page 1 of 1 

 EXHIBIT G-3 
 FORM OF U.S. TAX COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are
Partnerships For U.S. Federal Income Tax Purposes) 
 Reference is hereby made to the 5-Year Credit Agreement dated as of
September 28, 2012 (as it may be amended in accordance with its terms, the “Credit Agreement”) among National Oilwell Varco, Inc. (the “Borrower”), the Lenders and Wells Fargo Bank, National Association, as
Administrative Agent, an Issuing Lender and the U.S. Swingline Lender. 
 Pursuant to the provisions of Section 2.11 of the
Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners
of such participation, (iii) with respect such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or
business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and
(v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption:
(i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the
undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and
currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the
Credit Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                    , 20[ ] 

  
 Exhibit G-3

 Page 1 of 1 

 EXHIBIT G-4 
 FORM OF U.S. TAX COMPLIANCE CERTIFICATE 
 (For Foreign Lenders That Are
Partnerships For U.S. Federal Income Tax Purposes) 
 Reference is hereby made to the 5-Year Credit Agreement dated as of
September 28, 2012 (as it may be amended in accordance with its terms, the “Credit Agreement”) among National Oilwell Varco, Inc. (the “Borrower”), the Lenders and Wells Fargo Bank, National Association, as
Administrative Agent, an Issuing Lender and the U.S. Swingline Lender. 
 Pursuant to the provisions of Section 2.11 of the
Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Advance(s) (as well as any Note(s) evidencing such Advance(s)) in respect of which it is providing this certificate, (ii) its direct or indirect
partners/members are the sole beneficial owners of such Advance(s) (as well as any Note(s) evidencing such Advance(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Credit Document, neither the
undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code,
(iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign
corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the
Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY
accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on
this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and
currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the
Credit Agreement. 
  

			
	[NAME OF LENDER]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                    , 20[ ] 

  
 Exhibit G-4

 Page 1 of 1EX-10.1

 Exhibit 10.1 
 EXECUTION VERSION 
 SECURITIES PURCHASE AGREEMENT 

by and between 
 THE UNITED STATES DEPARTMENT OF THE TREASURY 
 and 

CENTRAL FEDERAL CORPORATION 
 Dated as of September 12, 2012 

 Table of Contents 

 

					
	 	  	Page	 
	 I DEFINITIONS
	  	 	1	  
	 1.01.Definitions of Certain Terms
	  	 	1	  
	 1.02.Interpretation
	  	 	3	  
		
	 II THE SECURITIES PURCHASE
	  	 	4	  
	 2.01.Purchase and Sale of the Shares and the Warrant
	  	 	4	  
	 2.02.Closing of the Securities Purchase
	  	 	4	  
		
	 III REPRESENTATIONS AND WARRANTIES
	  	 	4	  
	 3.01.Representations and Warranties of the Company
	  	 	4	  
		
	 IV COVENANTS
	  	 	5	  
	 4.01.Forbearances of the Seller
	  	 	5	  
	 4.02.Further Action
	  	 	6	  
	 4.03.Remaining Certification and Disclosure Requirements
	  	 	6	  
	 4.04.Transferability Restrictions Related to Long-Term Restricted Stock
	  	 	6	  
		
	 V CONDITIONS TO THE CLOSING
	  	 	6	  
	 5.01.Conditions to Each Party’s Obligations
	  	 	6	  
	 5.02.Condition to Obligations of the Seller
	  	 	7	  
		
	 VI TERMINATION
	  	 	8	  
	 6.01.Termination Events
	  	 	8	  
	 6.02.Effect of Termination
	  	 	8	  
		
	 VII MISCELLANEOUS
	  	 	8	  
	 7.01.Waiver; Amendment
	  	 	8	  
	 7.02.Counterparts
	  	 	9	  
	 7.03.Governing Law; Choice of Forum; Waiver of Jury Trial
	  	 	9	  
	 7.04.Expenses
	  	 	9	  
	 7.05.Notices
	  	 	9	  
	 7.06.Entire Understanding; No Third Party Beneficiaries
	  	 	10	  
	 7.07.Assignment
	  	 	10	  
	 7.08.Severability
	  	 	11	  

  
 i 

 SECURITIES PURCHASE AGREEMENT 

THIS SECURITIES PURCHASE AGREEMENT (as amended, supplemented or otherwise modified from time to time, this
“Agreement”) is dated as of September 12, 2012, by and between the United States Department of the Treasury (the “Seller”) and Central Federal Corporation, a Delaware corporation with its principal place of
business in Ohio and a registered savings and loan holding company (the “Company”). 
 RECITALS

 WHEREAS, the Seller is currently the owner of and holds (i) 7,225 shares of Fixed Rate Cumulative Perpetual
Preferred Stock, Series A of the Company, including any and all accrued and unpaid dividends (the “Shares”) and (ii) a ten-year warrant to purchase up to 336,568 shares of Company Common Stock (the “Warrant”);
and 
 WHEREAS, the Seller desires to sell to the Company, and the Company desires to purchase from the Seller, subject
to the terms and conditions contained in this Agreement, all of the Shares and the Warrant (the “Securities Purchase”). 
 NOW, THEREFORE, in consideration of the premises, and of the various representations, warranties, covenants and other agreements and undertakings of the parties hereto, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 AGREEMENT

 I DEFINITIONS. 
 1.01. Definitions of Certain Terms. For purposes of this Agreement, the following terms are used with the meanings assigned below (such definitions to be equally applicable to both the
singular and plural forms of the terms herein defined): 
 “Affiliate” means, with respect to any person, any
person directly or indirectly controlling, controlled by or under common control with, such other person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under
common control with”) when used with respect to any person, means the possession, directly or indirectly, of the power to cause the direction of management and/or policies of such person, whether through the ownership of voting securities, by
contract or otherwise. 
 “Agreement” has the meaning set forth in the introductory paragraph of this
agreement. 
 “Business Day” means any day that is not a Saturday, a Sunday or other day on which banking
organizations in the State of New York or the State of Ohio are required or authorized by Law to be closed. 

“Closing” has the meaning set forth in Section 2.02(A). 

 “Closing Date” has the meaning set forth in Section 2.02(A).

 “Company” has the meaning set forth in the recitals to this Agreement. 

“Company Common Stock” means the common stock, $0.01 par value, of the Company. 

“Company Material Adverse Effect” means a material adverse effect on the business, results of operations or financial
condition of the Company and its consolidated Subsidiaries taken as a whole; provided, however, that Company Material Adverse Effect shall not be deemed to include the effects of (i) changes after the date hereof in general
business, economic or market conditions (including changes generally in prevailing interest rates, credit availability and liquidity, currency exchange rates and price levels or trading volumes in the United States or foreign securities or credit
markets), or any outbreak or escalation of hostilities, declared or undeclared acts of war or terrorism, in each case generally affecting the industries in which the Company and its Subsidiaries operate, (ii) changes or proposed changes after
the date hereof in United States generally accepted accounting principles or regulatory accounting requirements, or authoritative interpretations thereof, (iii) changes or proposed changes after date hereof in securities, banking and other Laws
of general applicability or related policies or interpretations of Governmental Entities (in the case of each of these clauses (i), (ii) and (iii), other than changes or occurrences to the extent that such changes or occurrences have or would
reasonably be expected to have a materially disproportionate adverse effect on the Company and its consolidated Subsidiaries taken as a whole relative to comparable United States banking or financial services organizations), or (iv) changes in
the market price or trading volume of the Company Common Stock or any other equity, equity-related or debt securities of the Company or its consolidated Subsidiaries (it being understood and agreed that the exception set forth in this clause
(iv) does not apply to the underlying reason giving rise to or contributing to any such change). 
 “Compensation
Regulations” means any guidance, rule or regulation, as the same shall be in effect from time to time, promulgated pursuant to or implementing Section 111 of the Emergency Economic Stabilization Act of 2008, as amended by the American
Recovery and Reinvestment Act of 2009, or otherwise from time to time. 
 “Exchange Act” means the U.S.
Securities Exchange Act of 1934, as amended. 
 “Governmental Entity” means any court, administrative agency or
commission or other governmental or regulatory authority or instrumentality or self-regulatory organization. 

“Law” means any law, statute, code, ordinance, rule, regulation, judgment, order, award, writ, decree or injunction
issued, promulgated or entered into by or with any Governmental Entity. 
 “Liens” means any liens, licenses,
pledges, charges, encumbrances, adverse rights or claims and security interests whatsoever. 
 “Purchase Price”
has the meaning set forth in Section 2.01. 

  
 2 

 “Regulatory Event” means, with respect to the Company, that (i) the
Federal Deposit Insurance Corporation or any other applicable Governmental Entity shall have been appointed as conservator or receiver for the Company or any Subsidiary; (ii) the Company or any Subsidiary shall have been considered in
“troubled condition” for the purposes of 12 U.S.C. Sec. 1831i or any regulation promulgated thereunder; (iii) the Company or any Subsidiary shall qualify as “Undercapitalized,” “Significantly Undercapitalized,” or
“Critically Undercapitalized” as those terms are defined in 12 U.S.C. Sec. 1831o or other applicable Law; or (iv) the Company or any Subsidiary shall have become subject to any formal or informal regulatory action requiring the
Company or any Subsidiary to materially improve its capital, liquidity or safety and soundness. 
 “Relevant
Period” means the period in which any obligation of the Company arising from financial assistance under the Troubled Asset Relief Program remains outstanding, as it may be further described in the Compensation Regulations. 

“Securities Purchase” has the meaning set forth in the recitals in this Agreement. 

“Seller” has the meaning set forth in the introductory paragraph to this Agreement. 

“Shares” has the meaning set forth in the recitals to this Agreement. 

“Subsidiary” means, with respect to any person, any bank, corporation, partnership, joint venture, limited liability
company or other organization, whether incorporated or unincorporated, (i) of which such person or a subsidiary of such person is a general partner or managing member or (ii) at least a majority of the securities or other interests of
which having by their terms ordinary voting power to elect a majority of the board of directors or persons performing similar functions with respect to such entity is directly or indirectly owned by such person and/or one or more subsidiaries
thereof. 
 “Warrant” has the meaning set forth in the recitals to this Agreement. 

1.02. Interpretation. The words “hereof,” “herein” and “hereunder” and words of similar
import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section references are to this Agreement unless otherwise specified. Whenever the words “include,”
“includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The term “person” as used in this Agreement shall mean any individual,
corporation, limited liability company, limited or general partnership, joint venture, government or any agency or political subdivision thereof, or any other entity or any group (as defined in Section 13(d)(3) of the Exchange Act) comprised of
two or more of the foregoing. The table of contents and headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. In this Agreement, all references to
“dollars” or “$” are to United States dollars. This Agreement and any documents or instruments delivered pursuant hereto or in connection herewith shall be construed without regard to the identity of the person who drafted the
various provisions of the same. Each and every provision of this Agreement and such other documents and instruments shall be construed as though all of the parties participated equally in the drafting of the same. Consequently, the parties
acknowledge and agree that any rule of construction that a document is to be construed against the drafting party shall not be applicable either to this Agreement or such other documents and instruments. 

  
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 II THE SECURITIES PURCHASE. 
 2.01. Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Company will purchase from the Seller,
and the Seller will sell, transfer, convey, assign and deliver to the Company, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares and the Warrant shall be an amount in cash equal to Three
Million Dollars ($3,000,000.00) (the “Purchase Price”). 
 2.02. Closing of the Securities
Purchase. 
 (A) Subject to Article V, the closing of the Securities Purchase (the
“Closing”) shall be held at such time or date that is agreed to in writing by the Seller and the Company (the date on which the Closing occurs, the “Closing Date”). The Closing shall be held at such place as the
Seller and the Company shall mutually agree in writing. 
 (B) At the Closing, or simultaneously
therewith, the following shall occur: 
 (1) the Seller will deliver to the Company certificates for the
Shares and the Warrant, duly endorsed in blank or accompanied by stock powers duly endorsed in blank or other required instruments of transfer; and 
 (2) the Company will pay the aggregate Purchase Price to the Seller, by wire transfer in immediately available funds, to an account designated in writing by the Seller to the Company, such
designation to be made not later than two Business Days prior to the Closing Date. 
 III REPRESENTATIONS AND WARRANTIES. 

3.01. Representations and Warranties of the Company. The Company hereby represents and warrants to the Seller as follows:

 (A) Existence and Power. The Company is duly organized and validly existing as a corporation
under the Laws of the State of Delaware and is registered as a savings and loan holding company pursuant to the Home Owners’ Loan Act, as amended, and has all requisite power and authority to execute and deliver this Agreement and to consummate
the transactions contemplated by this Agreement. 
 (B) Authorization. The execution and delivery
of this Agreement, and the consummation by the Company of the transactions contemplated hereby, have been duly and validly approved by all necessary corporate action of the Company, and no other corporate or shareholder proceedings on the part of
the Company are necessary to approve this Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Company, and (assuming the due authorization, execution and delivery of
this Agreement by the Seller) this Agreement constitutes a valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as enforcement may be limited by general principles of equity whether
applied in a court of law or a court of equity and by bankruptcy, insolvency and similar Laws affecting creditors’ rights and remedies generally. 

  
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 (C) Non-Contravention. Neither the execution and delivery of
this Agreement nor the consummation by the Company of the transactions contemplated hereby will violate any provision of the charter or bylaws or similar governing documents of the Company or, assuming that the consents, approvals, filings and
registrations referred to in Section 3.01(D) are received or made (as applicable), applicable Law. 

(D) Consents and Approvals. Except for the prior written approval of the Board of Governors of the Federal
Reserve System (as successor to the Office of Thrift Supervision) pursuant to that certain Order to Cease and Desist, dated as of May 25, 2011 and the prior written approval of the Office of the Comptroller of the Currency, no consents or
approvals of, or filings or registrations with, any Governmental Entity or of or with any other third party by and on behalf of the Company are necessary in connection with the execution and delivery by the Company of this Agreement and the
consummation by the Company of the transactions contemplated hereby. 
 (E) Securities Matters.
The Shares and the Warrant are being acquired by the Company for its own account and without a view to the public distribution or sale of the Shares or the Warrant. 

(F) Availability of Funds. The Company will have, as of the Closing, sufficient funds available to
consummate the transactions contemplated hereunder. 
 IV COVENANTS. 

4.01. Forbearances of the Seller. From the date hereof until the Closing, without the prior written consent of the Company,
the Seller will not: 
 (A) directly or indirectly transfer, sell, assign, distribute, exchange, pledge,
hypothecate, mortgage, encumber or otherwise dispose of, or engage in or enter into any hedging transactions with respect to, any of the Shares, the Warrant or any portion thereof or interest therein (other than pursuant to the Securities Purchase);

 (B) exercise the Warrant, in whole or in part; or 

(C) agree, commit to or enter into any agreement to take any of the actions referred to in
Section 4.01(A). 
 Notwithstanding the foregoing, the Seller may undertake any of the actions set forth in
Section 4.01(A) with an Affiliate of the Seller so long as this Agreement is assigned to such Affiliate in accordance with Section 7.07 of this Agreement. For the avoidance of doubt, until the Closing, except as expressly set
forth in this Section 4.01, the Seller shall continue to be able to exercise all rights and privileges with respect to the Shares and the Warrant. 

  
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 4.02. Further Action. The Seller and the Company (A) shall each execute
and deliver, or shall cause to be executed and delivered, such documents and other instruments and shall take, or shall cause to be taken, such further action as may be reasonably necessary to carry out the provisions of this Agreement and give
effect to the transactions contemplated by this Agreement and (B) shall refrain from taking any actions that could reasonably be expected to impair, delay or impede the Closing or the consummation of the transactions contemplated by this
Agreement. 
 4.03. Remaining Certification and Disclosure Requirements. The Company acknowledges and agrees to
comply with the certification and disclosure requirements set forth in the Compensation Regulations, including without limitation those submissions that are required with respect to the final portion of the Relevant Period (see, for example,
Sections 30.7(c) and (d), Sections 30.11(b) and (c) and Section 30.15(a)(3) of the Compensation Regulations and FAQ-14 in the Frequently Asked Questions to the Compensation Regulations, available at www.financialstability.gov). 

4.04. Transferability Restrictions Related to Long-Term Restricted Stock. The Company acknowledges that any long-term
restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted
under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long-term restricted
stock) includes the full original liquidation amount with respect to 7,225 Shares (see FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at www.financialstability.gov). Upon the sale of the Shares to the Company, in
the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in
Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units. 

V CONDITIONS TO THE CLOSING. 
 5.01. Conditions to Each Party’s Obligations. The respective obligations of each of the Company and the Seller to consummate the Securities Purchase are subject to the fulfillment, or
written waiver by the Company and the Seller, prior to the Closing, of each of the following conditions: 

(A) Completion of Equity Offering. The Company shall have closed one or more transactions in which
investors have collectively provided a minimum aggregate amount of Twenty-Two Million Five Hundred Thousand Dollars ($22,500,000.00) in gross cash proceeds to the Company in exchange for Company Common Stock. 

(B) Company Regulatory Approvals. All regulatory approvals required to consummate the Securities Purchase
shall have been obtained and shall remain in full force and effect and all statutory waiting periods in respect thereof shall have expired or been terminated. 

  
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 (C) No Injunctions or Restraints; Illegality. No order,
injunction or decree issued by any court or agency of competent jurisdiction or other legal restraint or prohibition preventing the consummation of the Securities Purchase shall be in effect. No Law shall have been enacted, entered, promulgated or
enforced by any Governmental Entity which prohibits or makes illegal the consummation of the Securities Purchase. 

5.02. Condition to Obligations of the Seller. The obligation of the Seller to consummate the Securities Purchase is also subject
to the fulfillment, or written waiver by the Seller, prior to the Closing, of the following conditions: 

(A) Other Events. None of the following shall have occurred since the date hereof: 

(1) the Company or any of its Subsidiaries shall have (a) dissolved (other than pursuant to a consolidation,
amalgamation or merger); (b) become insolvent or unable to pay its debts or failed or admitted in writing its inability generally to pay its debts as they become due; (c) made a general assignment, arrangement or composition with or for
the benefit of its creditors; (d) instituted or have instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’
rights, or a petition shall have been presented for its winding-up or liquidation, and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition shall have resulted in a judgment of insolvency or
bankruptcy or the entry of an order for relief or the making of an order for its winding-up or liquidation; (e) had a resolution passed for its winding-up, official management or liquidation (other than pursuant to a consolidation, amalgamation
or merger); (f) sought or shall have become subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for it or for all or substantially all its assets;
(g) had a secured party take possession of all or substantially all its assets or had a distress, execution, attachment, sequestration or other legal process levied, enforced or sued on or against all or substantially all its assets;
(h) caused or shall have been subject to any event with respect to it which, under the applicable laws of any jurisdiction, had an analogous effect to any of the events specified in clauses (a) to (g) (inclusive); or (i) taken
any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the foregoing acts; 
 (2) a Governmental Entity in any jurisdiction shall have (a) commenced an action or proceeding against the Company or any of its Subsidiaries; or (b) issued or entered a temporary
restraining order, preliminary or permanent injunction or other order applicable to the Company or any of its Subsidiaries, which in the case of (a) and (b) shall have had or shall be reasonably expected to have a Company Material Adverse
Effect; 

  
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 (3) any fact, circumstance, event, change, occurrence, condition or
development shall have occurred that, individually or in the aggregate, shall have had or shall be reasonably likely to have a Company Material Adverse Effect; or 

(4) any Regulatory Event not otherwise existing on the date hereof. 

(B) Representations and Warranties. The representations and warranties set forth in Article III of
this Agreement shall be true and correct as though made on and as of the Closing Date. 
 (C)
Performance Obligations. The Company shall have performed in all material respects all obligations required to be performed by it under this Agreement at or prior to the Closing. 

(D) Closing Certificate. The Company shall deliver to the Seller a certificate, dated as of the Closing
Date, signed on behalf of the Company by a senior executive officer thereof certifying to the effect that all conditions precedent to the Closing have been satisfied. 
 VI TERMINATION. 
 6.01. Termination Events. This Agreement may
be terminated at any time prior to the Closing: 
 (A) by mutual written agreement of the Company and the
Seller; or 
 (B) by the Company, upon written notice to the Seller, or by the Seller, upon written notice
to the Company, in the event that the Closing Date does not occur on or before September 30, 2012; provided, however, that the respective rights to terminate this Agreement pursuant to this Section 6.01(B) shall not be
available to any party whose failure to fulfill any obligation under this Agreement shall have been the cause of, or shall have resulted in, the failure of the Closing Date to occur on or prior to such date. 

6.02. Effect of Termination. In the event of termination of this Agreement as provided in Section 6.01, this
Agreement shall forthwith become void and have no effect, and none of the Seller, the Company, any affiliates of the Company or any officers or directors of the Company or any of its affiliates shall have any liability of any nature whatsoever
hereunder, or in connection with the transactions contemplated hereby, except that this Section 6.02 and Sections 7.03, 7.04, 7.05 and 7.06 shall survive any termination of this Agreement. 

VII MISCELLANEOUS. 

7.01. Waiver; Amendment. 
 Any provision of this Agreement may be (A) waived in writing by the party benefiting by the provision, or (B) amended or modified at any time by an agreement in writing signed by each of the
parties hereto. Neither any failure nor any delay by any party in exercising any right, power or privilege under this Agreement or any of the documents referred to in this Agreement will operate as a waiver of such right, power or privilege, and no
single or partial exercise of any such right, power or privilege will preclude any other or further exercise of such right, power or privilege. 

  
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 7.02. Counterparts. This Agreement may be executed by facsimile or other
electronic means and in counterparts, all of which shall be considered an original and one and the same agreement and shall become effective when counterparts have been signed by each of the parties and delivered to the other parties, it being
understood that all parties need not sign the same counterpart. 
 7.03. Governing Law; Choice of Forum; Waiver of
Jury Trial. 
 (A) This Agreement and any claim, controversy or dispute arising under or related to
this Agreement, the relationship of the parties, and/or the interpretation and enforcement of the rights and duties of the parties shall be enforced, governed, and construed in all respects (whether in contract or in tort) in accordance with the
federal law of the United States if and to the extent such law is applicable, and otherwise in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such State. Each of the parties hereto
agrees (a) to submit to the exclusive jurisdictions and venue of the United States District Court of the District of Columbia and the United States Court of Federal Claims for any and all civil actions, suits or proceedings arising out of or
relating to this Agreement or the transactions contemplated hereby, and (b) that notice may be served upon (i) the Company at the address and in the manner set forth for notices to the Company in Section 7.05 and (ii) the
Seller at the address and in the manner set forth for notices to the Seller in Section 7.05, but otherwise in accordance with federal law. 
 (B) To the extent permitted by applicable Law, each of the parties hereto hereby unconditionally waives trial by jury in any civil legal action or proceeding relating to this Agreement or the
transactions contemplated hereby. 
 7.04. Expenses. If requested by the Seller, the Company shall pay all
reasonable out of pocket and documented costs and expenses associated with this Agreement and the transactions contemplated by this Agreement, including, but not limited to, the reasonable fees, disbursements and other charges of the Seller’s
legal counsel and financial advisors. 
 7.05. Notices. All notices and other communications hereunder shall be in
writing and shall be deemed given on the date of delivery if delivered personally or telecopied (upon telephonic confirmation of receipt), on the first Business Day following the date of dispatch if delivered by a recognized next day courier
service, or on the third Business Day following the date of mailing if delivered by registered or certified mail, return receipt requested, postage prepaid. All notices hereunder shall be delivered as set forth below or pursuant to such other
instructions as may be designated in writing by the party to receive such notice: 

  
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 If to the Company to: 

Central Federal Corporation 
 2923 Smith Road 
 Fairlawn, Ohio 44333 

Facsimile: (330) 666-7959 
 Attention: Timothy T. O’Dell, Chief Executive Officer 
 With a copy to:

 Silver, Freedman & Taff, L.L.P. 
 3299 K Street N.W. Suite 100 
 Washington, D.C. 20007 

Facsimile: (202) 337-5502 
 Attention: James S. Fleischer, Esq. 
 If to the Seller to: 

United States Department of the Treasury 
 1500 Pennsylvania Avenue, NW 
 Washington, D.C. 20220 

Facsimile: (202) 927-9225 
 Attention: Chief Counsel Office of Financial Stability 
 With a copy to:

 Cadwalader, Wickersham & Taft LLP 
 One World Financial Center 
 New York, New York 10281 

Facsimile: (212) 504-6666 
 Attention: William P. Mills 
 7.06. Entire Understanding; No Third Party
Beneficiaries. This Agreement (together with the documents, agreements and instruments referred to herein) represents the entire understanding of the parties with respect to the subject matter hereof and supersedes any and all other oral or
written agreements heretofore made with respect to the subject matter hereof. Nothing in this Agreement, expressed or implied, is intended to confer upon any person, other than the parties hereto, any rights or remedies hereunder. 

7.07. Assignment. Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason
hereof shall be assignable by any party hereto without the prior written consent of the other party, and any attempt to assign any right, remedy, obligation or liability hereunder without such consent shall be null and void; provided,
however, that the Seller may assign this Agreement to an Affiliate of the Seller. If the Seller assigns this Agreement to an Affiliate, the Seller shall be relieved of its obligations and liabilities under this Agreement but (i) all
rights, remedies, obligations and liabilities of the Seller hereunder shall continue and be enforceable by and against and assumed by such Affiliate, (ii) the Company’s obligations and liabilities hereunder shall continue to be outstanding
and (iii) all references to the Seller herein shall be deemed to be references to such Affiliate. The Seller will give the Company notice of any such assignment; provided, that the failure to provide such notice shall not void any such
assignment. 

  
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 7.08. Severability. Any term or provision of this Agreement which is
determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid, illegal or
unenforceable the remaining terms and provisions of this Agreement or affecting the validity, legality or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction, and if any provision of this Agreement is
determined to be so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is enforceable, in all cases so long as neither the economic nor legal substance of the transactions contemplated hereby is affected in any
manner materially adverse to any party or its shareholders. Upon any such determination, the parties shall negotiate in good faith in an effort to agree upon a suitable and equitable substitute provision to effect the original intent of the parties.

 [Remainder of page intentionally left blank] 

  
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 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. 
  

			
	CENTRAL FEDERAL CORPORATION
		
	By:	 	 /s/ Timothy T. O’Dell

		 	Name: Timothy T. O’Dell
		 	Title: Chief Executive Officer
	
	UNITED STATES DEPARTMENT OF THE TREASURY
		
	By:	 	 /s/ Timothy G. Massad

		 	Name: Timothy G. Massad
		 	Title: Assistant Secretary for Financial Stability

 [Signature Page to Securities Purchase Agreement]

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