US$400,000,000 Precision Drilling Corporation REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • August 4th, 2011 • 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, Morgan Stanley & Co. LLC, TD Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, HSBC Securities (USA) Inc., Scotia Capital (USA) Inc., and Simmons & Company International (collectively, the “Initial Purchasers”), upon the terms set forth in a purchase agreement dated as of July 26, 2011 (the “Purchase Agreement”), $400,000,000 aggregate principal amount of its 6.50% Senior Notes Due 2021 (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 July 29, 2011 (the “Indenture”), among the Issuer, the Guarantors named therein, The Bank of New York Mellon, as trustee (the
