U.S. DOLLAR 91,943,797 NAIRA LETTER OF CREDIT FACILITY AND GUARANTY AGREEMENT Dated as of April 19, 2012 Among PACIFIC BORA LTD. As Owner, U.S. Account Party PACIFIC DRILLING (GIBRALTAR) LIMITED As U.S. Account Party PACIFIC DRILLING LIMITED As U.S....Naira Letter of Credit Facility and Guaranty Agreement • May 31st, 2012 • Pacific Drilling S.A. • Drilling oil & gas wells • New York
LETTER OF CREDIT FACILITY AND GUARANTY AGREEMENT, dated as of April 19, 2012, among PACIFIC BORA LTD., a Liberian corporation (“PBL”), as owner, U.S. account party and joint and several borrower (the “Owner,” “U.S. Account Party” and “Borrower”), PACIFIC DRILLING (GIBRALTAR) LIMITED, a Gibraltar company (“PDGL”), as U.S. account party and joint and several borrower (“U.S. Account Party” and “Borrower”), PACIFIC DRILLING LIMITED, a Liberian corporation (“PDL”), as U.S. co-applicant and joint and several borrower (“U.S. Account Party” and “Borrower”), PACIFIC DRILLING S.A., a company incorporated under the laws of Luxembourg (“PDSA”), as guarantor (the “Guarantor”), and the banks, financial institutions and other institutional lenders (the “Initial Lenders”) listed on the signature pages hereof, CITIBANK, N.A. (“Citibank”), as issuing bank (the “Issuing Bank”), Citibank, as administrative agent (together with any successor agent appointed pursuant to Article VIII, the “Administrative Age
