0000950123-10-054703 Sample Contracts

SHAREHOLDER RIGHTS PLAN AGREEMENT between PRECISION DRILLING CORPORATION and COMPUTERSHARE TRUST COMPANY OF CANADA Made as of June 1, 2010

Shareholder Rights Plan Agreement • June 1st, 2010 • Precision Drilling Trust • Drilling oil & gas wells • Alberta

• Contract Type
  Shareholder Rights Plan Agreement
• Filed
  June 1st, 2010
• Company
  Precision Drilling Trust
• Industry
  Drilling oil & gas wells
• Jurisdiction
  Alberta

MEMORANDUM OF AGREEMENT, dated as of June 1, 2010 between Precision Drilling Corporation (the “Corporation”), a corporation existing under the laws of the Province of Alberta, and Computershare Trust Company of Canada, a trust company existing under the laws of Canada (the “Rights Agent”);