SUPPORT AGREEMENTSupport Agreement • May 31st, 2012 • Schlumberger LTD /Nv/ • Oil & gas field services, nec • Alberta
WHEREAS CE Franklin Ltd. (“CE Franklin”), Purchaser, NOV Distribution Services ULC (“Acquisitionco”) and Guarantor have entered into an agreement dated the date hereof (as in force on the date hereof, the “Arrangement Agreement”) providing for a plan of arrangement (the “Arrangement”) under the Business Corporations Act (Alberta) (the “ABCA”), pursuant to which, among other things, Purchaser will indirectly acquire all of the outstanding commons shares of CE Franklin for cash consideration of C$12.75 for each common share of CE Franklin;
