FORM OF SENIOR SECURED TERM LOAN AGREEMENT Dated as of July [ ], 2014 Among PARAGON OFFSHORE PLC, as Parent, PARAGON OFFSHORE FINANCE COMPANY, as Borrower, THE LENDERS PARTIES HERETO, and JPMORGAN CHASE BANK, N.A., as Administrative Agent, J.P. MORGAN...Term Loan Agreement • July 14th, 2014 • Paragon Offshore Ltd. • Drilling oil & gas wells
THIS SENIOR SECURED TERM LOAN AGREEMENT, dated as of July [ ], 2014, is among PARAGON OFFSHORE PLC, a public limited company incorporated under the laws of England and Wales (together with its successors and permitted assigns, including any Surviving Person following a Redomestication, the “Parent”), in its capacity as the parent of the Borrower (as defined below), PARAGON OFFSHORE FINANCE COMPANY, a Wholly-Owned Subsidiary of the Parent incorporated under the laws of the Cayman Islands (together with its successors and permitted assigns, the “Borrower”), the lenders from time to time parties hereto (each a “Lender” and collectively, the “Lenders”) and JPMORGAN CHASE BANK, N.A., as Administrative Agent for the Lenders.
