US$ 400,000,000 Precision Drilling Corporation REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • February 19th, 2015 • Grey Wolf International 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, Merrill Lynch, Pierce, Fenner & Smith Incorporated, HSBC Securities (USA) Inc., Scotia Capital (USA) Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC (collectively, the “Initial Purchasers”), upon the terms set forth in a purchase agreement dated as of May 29, 2014 (the “Purchase Agreement”), US$400,000,000 aggregate principal amount of its 5.250% Senior Notes due 2024 (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 June 3, 2014 (the “Indenture”), among the Issuer, the Guarantors named therein, The Bank of New York Mellon, as trustee (the “U.S. Trustee”), and Valiant Tru
