US$650,000,000 Precision Drilling Corporation REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • November 23rd, 2010 • PRECISION DRILLING Corp • Drilling oil & gas wells • New York
Precision Drilling Corporation, an Alberta corporation (the “Issuer”), proposes to issue and sell to Credit Suisse Securities (USA) LLC, RBC Capital Markets, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated, TD Securities (USA) LLC, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC (collectively, the “Initial Purchasers”), upon the terms set forth in a purchase agreement dated as of November 10, 2010 (the “Purchase Agreement”), $650,000,000 aggregate principal amount of its 6.625% Senior Notes Due 2020 (the “Initial Securities”) to be unconditionally guaranteed (the “Guarantees”) by each of the entities listed on Annex E hereto (the “Guarantors” and together with the Issuer, the “Company”). The Initial Securities will be issued pursuant to an Indenture, dated as of November 17, 2010 (the “Indenture”), among the Issuer, the Guarantors named therein and The Bank of New York Mellon, as trustee (the “U.S. Tru
