From: Citigroup Global Markets Inc. New York, NY 10013Base Call Option Transaction • January 11th, 2017 • Nabors Industries LTD • Drilling oil & gas wells • New York
To: Nabors Industries, Inc. 515 W. Greens Road Suite 1200, Houston, TX 776067 Attention: General Counsel Telephone No.: (281) 874-0035 Email: general.counsel@nabors.com
NABORS INDUSTRIES, INC. $500,000,000 0.75% EXCHANGEABLE SENIOR NOTES DUE 2024 GUARANTEED BY NABORS INDUSTRIES LTD. PURCHASE AGREEMENT CITIGROUP GLOBAL MARKETS INC. GOLDMAN, SACHS & CO.Purchase Agreement • January 11th, 2017 • Nabors Industries LTD • Drilling oil & gas wells • New York
Nabors Industries, Inc., a Delaware corporation (the “Company”), proposes, upon the terms and conditions set forth in this agreement (the “Agreement”), to issue and sell to the several initial purchasers named in Schedule A hereto (the “Initial Purchasers”) $500,000,000 aggregate principal amount of its 0.75% Exchangeable Senior Notes due 2024 (the “Purchased Notes”). The Company also proposes to grant to the several initial purchasers named in Schedule B hereto (the “Option Purchasers”) an option pursuant to Section 2 hereof to purchase up to an additional $75,000,000 aggregate principal amount of its 0.75% Exchangeable Senior Notes due 2024 solely to cover overallotments (the “Option Notes” and, together with the Purchased Notes, the “Notes”). The Notes are to be issued pursuant to the provisions of an Indenture to be dated as of the Closing Date (as defined in Section 4) (the “Indenture”) among the Company, the Guarantor (as defined below), Wilmington Trust National Association, as
