NATIONAL OILWELL VARCO INC
364-DAY CREDIT AGREEMENT
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>5
<FILENAME>h55937exv10w2.htm
<DESCRIPTION>364-DAY CREDIT AGREEMENT
<TEXT>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit 10.2</B>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXECUTION VERSION
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<DIV style="width: 100%; border-bottom: 2pt DOUBLE black; font-size: 1pt; margin-top: 12pt">&nbsp;</DIV>





<DIV align="center" style="font-size: 10pt; margin-top: 18pt">$1,000,000,000
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>364-DAY CREDIT AGREEMENT</B>

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Dated as of April&nbsp;21, 2008
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Among

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>NATIONAL OILWELL VARCO, INC.</B><BR>
as Borrower,
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>WELLS FARGO BANK, NATIONAL ASSOCIATION</B>,<BR>
as Administrative Agent, Co-Lead Arranger and Joint Book Runner

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DNB NOR BANK ASA</B>,<BR>
as Co-Lead Arranger and Joint Book Runner
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>THE LENDERS PARTY HERETO FROM TIME TO TIME</B>

</DIV>


<DIV style="width: 100%; border-bottom: 2pt DOUBLE black; font-size: 1pt; margin-top: 12pt">&nbsp;</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>FORTIS BANK S.A./N.V., NEW YORK BRANCH,<BR>
THE BANK OF NOVA SCOTIA<BR>
AND<BR>
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.</B><BR>
as Co-Documentation Agents
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B>
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    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
<TD align="left"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="1"><B>Page</B></TD>
    <TD>&nbsp;</TD>
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<TR valign="bottom">
    <TD colspan="4" align="left">ARTICLE I DEFINITIONS AND ACCOUNTING TERMS</TD>

    <TD>&nbsp;</TD>

    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;1.1</DIV></TD>
    <TD align="left" valign="top">Certain Defined Terms</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;1.2</DIV></TD>
    <TD align="left" valign="top">Computation of Time Periods</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;1.3</DIV></TD>
    <TD align="left" valign="top">Accounting Terms; Changes in GAAP; Foreign Currency Limits</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;1.4</DIV></TD>
    <TD align="left" valign="top">Types of Advances</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;1.5</DIV></TD>
    <TD align="left" valign="top">Change of Currency</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;1.6</DIV></TD>
    <TD align="left" valign="top">Miscellaneous</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
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    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
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<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE II THE ADVANCES</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
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<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
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<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.1</DIV></TD>
    <TD align="left" valign="top">The Advances</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.2</DIV></TD>
    <TD align="left" valign="top">Method of Borrowing</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.3</DIV></TD>
    <TD align="left" valign="top">Fees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.4</DIV></TD>
    <TD align="left" valign="top">Reduction of Commitments</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.5</DIV></TD>
    <TD align="left" valign="top">Repayment of Advances</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.6</DIV></TD>
    <TD align="left" valign="top">Interest</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.7</DIV></TD>
    <TD align="left" valign="top">Prepayments</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.8</DIV></TD>
    <TD align="left" valign="top">Breakage Costs</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.9</DIV></TD>
    <TD align="left" valign="top">Increased Costs</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.10</DIV></TD>
    <TD align="left" valign="top">Payments and Computations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.11</DIV></TD>
    <TD align="left" valign="top">Taxes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.12</DIV></TD>
    <TD align="left" valign="top">Illegality</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.13</DIV></TD>
    <TD align="left" valign="top">Reserved</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
</TR>
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<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.14</DIV></TD>
    <TD align="left" valign="top">Sharing of Payments, Etc</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.15</DIV></TD>
    <TD align="left" valign="top">Reserved</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.16</DIV></TD>
    <TD align="left" valign="top">Lender Replacement</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.17</DIV></TD>
    <TD align="left" valign="top">Currency Fluctuations and Mandatory Prepayments</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.18</DIV></TD>
    <TD align="left" valign="top">Market Disruption</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.19</DIV></TD>
    <TD align="left" valign="top">Extension of Maturity Date</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
</TR>
<TR valign="bottom">
<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE III CONDITIONS OF LENDING</TD>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
</TR>

<tr>
    <TD>&nbsp;</TD>
</tr>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;3.1</DIV></TD>
    <TD align="left" valign="top">Conditions Precedent to Initial Borrowings</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;3.2</DIV></TD>
    <TD align="left" valign="top">Conditions Precedent for each Borrowing</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;3.3</DIV></TD>
    <TD align="left" valign="top">Additional Condition Precedent for Initial Borrowing through Authorized</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">Agents</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
</TR>
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<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE IV REPRESENTATIONS AND WARRANTIES</TD>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
</TR>
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<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.1</DIV></TD>
    <TD align="left" valign="top">Corporate Existence; Subsidiaries</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.2</DIV></TD>
    <TD align="left" valign="top">Authorization and Validity</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.3</DIV></TD>
    <TD align="left" valign="top">Corporate Power</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.4</DIV></TD>
    <TD align="left" valign="top">Authorization and Approvals</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.5</DIV></TD>
    <TD align="left" valign="top">Enforceable Obligations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.6</DIV></TD>
    <TD align="left" valign="top">Financial Statements</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.7</DIV></TD>
    <TD align="left" valign="top">True and Complete Disclosure</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.8</DIV></TD>
    <TD align="left" valign="top">Litigation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.9</DIV></TD>
    <TD align="left" valign="top">Use of Proceeds</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
</TR>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B><BR>
(continued)
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<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="7%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
<TD align="left"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="1"><B>Page</B></TD>
    <TD>&nbsp;</TD>
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<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.10</DIV></TD>
    <TD align="left" valign="top">Investment Company Act</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.11</DIV></TD>
    <TD align="left" valign="top">Taxes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.12</DIV></TD>
    <TD align="left" valign="top">Pension Plans</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.13</DIV></TD>
    <TD align="left" valign="top">Condition of Property; Casualties</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.14</DIV></TD>
    <TD align="left" valign="top">Insurance</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.15</DIV></TD>
    <TD align="left" valign="top">No Defaults; No Material Adverse Effect</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.16</DIV></TD>
    <TD align="left" valign="top">Permits, Licenses, etc</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.17</DIV></TD>
    <TD align="left" valign="top">Compliance with Laws</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE V AFFIRMATIVE COVENANTS</TD>
<TD></TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;5.1</DIV></TD>
    <TD align="left" valign="top">Compliance with Laws, Etc</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;5.2</DIV></TD>
    <TD align="left" valign="top">Insurance</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;5.3</DIV></TD>
    <TD align="left" valign="top">Preservation of Existence, Etc</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;5.4</DIV></TD>
    <TD align="left" valign="top">Payment of Taxes, Etc</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;5.5</DIV></TD>
    <TD align="left" valign="top">Visitation Rights</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;5.6</DIV></TD>
    <TD align="left" valign="top">Reporting Requirements</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;5.7</DIV></TD>
    <TD align="left" valign="top">Maintenance of Property</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;5.8</DIV></TD>
    <TD align="left" valign="top">Use of Proceeds</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;5.9</DIV></TD>
    <TD align="left" valign="top">Pari Passu</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE VI NEGATIVE COVENANTS</TD>
<TD></TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.1</DIV></TD>
    <TD align="left" valign="top">Liens, Etc</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.2</DIV></TD>
    <TD align="left" valign="top">Indebtedness</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.3</DIV></TD>
    <TD align="left" valign="top">Senior Notes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.4</DIV></TD>
    <TD align="left" valign="top">Limitation on Certain Restrictions</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.5</DIV></TD>
    <TD align="left" valign="top">Merger, Consolidation or Acquisition; Asset Sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.6</DIV></TD>
    <TD align="left" valign="top">Restricted Payments</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.7</DIV></TD>
    <TD align="left" valign="top">Affiliate Transactions</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.8</DIV></TD>
    <TD align="left" valign="top">Other Businesses</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.9</DIV></TD>
    <TD align="left" valign="top">Maximum Leverage Ratio</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE VII REMEDIES</TD>
<TD></TD>
    <TD>&nbsp;</TD>
    <TD align="right">42</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.1</DIV></TD>
    <TD align="left" valign="top">Events of Default</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.2</DIV></TD>
    <TD align="left" valign="top">Optional Acceleration of Maturity</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.3</DIV></TD>
    <TD align="left" valign="top">Automatic Acceleration of Maturity</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.4</DIV></TD>
    <TD align="left" valign="top">Reserved</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.5</DIV></TD>
    <TD align="left" valign="top">Non-exclusivity of Remedies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.6</DIV></TD>
    <TD align="left" valign="top">Right of Set-off</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.7</DIV></TD>
    <TD align="left" valign="top">Currency Conversion After Maturity</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE VIII AGENCY PROVISIONS</TD>
<TD></TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;8.1</DIV></TD>
    <TD align="left" valign="top">Authorization and Action</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;8.2</DIV></TD>
    <TD align="left" valign="top">Administrative Agent's Reliance, Etc</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;8.3</DIV></TD>
    <TD align="left" valign="top">The Administrative Agent and its Affiliates</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;8.4</DIV></TD>
    <TD align="left" valign="top">Lender Credit Decision</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;8.5</DIV></TD>
    <TD align="left" valign="top">Indemnification</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
</TR>
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</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->-ii-<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B><BR>
(continued)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD>&nbsp;</TD>
<TD align="left"></TD>
    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="1"><B>Page</B></TD>
    <TD>&nbsp;</TD>
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<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;8.6</DIV></TD>
    <TD align="left" valign="top">Successor Administrative Agent</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;8.7</DIV></TD>
    <TD align="left" valign="top">Co-Lead Arrangers, Joint Book Runners, other Agency Titles</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>
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<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE IX MISCELLANEOUS</TD>
<TD></TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>
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<TD></TD><!-- Blank Space -->
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
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<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.1</DIV></TD>
    <TD align="left" valign="top">Amendments, Etc</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.2</DIV></TD>
    <TD align="left" valign="top">Notices, Intralinks, Etc</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.3</DIV></TD>
    <TD align="left" valign="top">No Waiver; Remedies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.4</DIV></TD>
    <TD align="left" valign="top">Costs and Expenses</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.5</DIV></TD>
    <TD align="left" valign="top">Binding Effect</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.6</DIV></TD>
    <TD align="left" valign="top">Lender Assignments and Participations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.7</DIV></TD>
    <TD align="left" valign="top">Indemnification</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.8</DIV></TD>
    <TD align="left" valign="top">Execution in Counterparts</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.9</DIV></TD>
    <TD align="left" valign="top">Survival of Representations, etc</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.10</DIV></TD>
    <TD align="left" valign="top">Severability</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.11</DIV></TD>
    <TD align="left" valign="top">Usury Not Intended</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.12</DIV></TD>
    <TD align="left" valign="top">Confidentiality</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.13</DIV></TD>
    <TD align="left" valign="top">Governing Law; Submission to Jurisdiction</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.14</DIV></TD>
    <TD align="left" valign="top">Waiver of Jury Trial</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.15</DIV></TD>
    <TD align="left" valign="top">Waiver of Consequential Damages</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.16</DIV></TD>
    <TD align="left" valign="top">Judgment Currency</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.17</DIV></TD>
    <TD align="left" valign="top">Headings Descriptive</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD></TD>
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.18</DIV></TD>
    <TD align="left" valign="top">USA Patriot Act</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">EXHIBITS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<tr>
    <TD>&nbsp;</TD>
</tr>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;A
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Assignment and Acceptance</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;B
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Compliance Certificate</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;C
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Notice of Borrowing</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;D
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Notice of Conversion or Continuation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;E
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Revolving Note</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="11%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">SCHEDULES:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<tr>
    <TD>&nbsp;</TD>
</tr>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;1.1(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Revolving Commitments</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;1.1(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mandatory Cost Formulae</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->-iii-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">364-DAY <B>CREDIT AGREEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This <B>364-DAY CREDIT AGREEMENT </B>(&#147;<U>Agreement</U>&#148;) is entered into as of April&nbsp;21, 2008,
among NATIONAL OILWELL VARCO, INC., a Delaware corporation (&#147;<U>Borrower</U>&#148;), WELLS FARGO BANK,
NATIONAL ASSOCIATION, as Administrative Agent (as defined below), Co-Lead Arranger and Joint Book
Runner, DNB NOR BANK ASA, as Co-Lead Arranger and Joint Book Runner, and each Lender (as defined
below).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The parties hereto agree as follows:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE I<BR>
DEFINITIONS AND ACCOUNTING TERMS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.1 <U>Certain Defined Terms</U>. As used in this Agreement, the following terms
shall have the following meanings (unless otherwise indicated, such meanings to be equally
applicable to both the singular and plural forms of the terms defined):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>5-Year Credit Agreement</U>&#148; means that certain 5-Year Credit Agreement dated of even
date herewith among the Borrower, Wells Fargo as the administrative agent, co-lead arranger and
joint book runner, DnB NOR Bank ASA as co-lead arranger and joint book runner and each of the
lenders party thereto from time to time, as amended, supplement, extended or otherwise modified
from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Acquisition</U>&#148; means any transaction, or any series of related transactions,
consummated on or after the date of this Agreement, by which the Borrower or any of its
Subsidiaries (a)&nbsp;acquires any going business or all or substantially all of the assets of any firm,
corporation or limited liability company, or division thereof, whether through purchase of assets,
merger, consolidation or otherwise or (b)&nbsp;directly or indirectly acquires (in one transaction or as
the most recent transaction in a series of related transactions) at least a majority (in number of
votes) of the securities of a corporation which have ordinary voting power for the election of
directors (other than securities having such power only by reason of the happening of a
contingency) or a majority (by percentage of voting power) of the outstanding ownership interests
of a partnership or limited liability company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Adjusted Prime Rate</U>&#148; means, for any day, the fluctuating rate per annum of interest
equal to the greater of (a)&nbsp;the Prime Rate in effect on such day and (b)&nbsp;the sum of the Federal
Funds Rate in effect on such day plus <FONT style="font-size: 70%"><SUP>1</SUP></FONT>/<FONT style="font-size: 60%">2</FONT>% per annum.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Administrative Agent</U>&#148; means Wells Fargo Bank, National Association in its capacity as
administrative agent for the Lenders pursuant to Article&nbsp;VIII and any successor administrative
agent in that capacity pursuant to Section&nbsp;8.6.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Administrative Questionnaire</U>&#148; means, with respect to each Lender, an administrative
questionnaire submitted to and accepted by the Administrative Agent duly completed by such Lender.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Advance</U>&#148; means any Revolving Advance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Affiliate</U>&#148; means (a)&nbsp;as to the Borrower or any Subsidiary thereof, (i)&nbsp;any other
Person that, directly or indirectly, through one or more intermediaries, controls, is controlled
by, or is under common control with, such Person or any Subsidiary of such Person or (ii)&nbsp;any other
Person owning beneficially or controlling thirty percent (30%) or more of the equity interests in
such Person, and (b)&nbsp;as to any other
Person, any other Person that directly or indirectly, through one or more intermediaries,
controls, is controlled by, or is under common control with, such Person. The term &#147;control&#148;
(including the terms
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;controlled by&#148; or &#147;under common control with&#148;) means the possession, directly
or indirectly, of the power to direct or cause the direction of the management and policies of a
Person, whether through ownership of voting securities or other equity interests, by contract or
otherwise. For purposes of clause (b), a Person shall be deemed to control another Person if the
controlling Person owns 10% or more of any class of voting securities (or other ownership
interests) of the controlled Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Agent&#146;s Fee Letter</U>&#148; means the letter agreement dated as of January&nbsp;9, 2008 between
the Borrower and Wells Fargo, as modified or amended from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Agreed Currency</U>&#148; means (a)&nbsp;Dollars, (b)&nbsp;Euro, (c)&nbsp;Pounds Sterling, (d)&nbsp;Canadian
Dollars, (e)&nbsp;Norwegian Kroner, and (f)&nbsp;any other Eligible Currency which the Borrower requests the
Administrative Agent to include as an Agreed Currency hereunder and which is acceptable to all
Lenders. If, after the designation of any currency as an Agreed Currency (including any Foreign
Currency designated in clause (b) &#151; (f)&nbsp;above) pursuant to the terms hereof, (x)&nbsp;currency control
or other exchange regulations are imposed in the country in which such currency is issued with the
result that different types of such currency are introduced, (y)&nbsp;such currency, in the reasonable
determination of the Administrative Agent, no longer qualifies as an &#147;Eligible Currency&#148; or (z)&nbsp;in
the reasonable determination of the Administrative Agent, a Dollar Amount of such currency is not
readily calculable, the Administrative Agent shall promptly notify the Lenders and the Borrower,
and such currency shall no longer be an Agreed Currency until such time as the Administrative Agent
or the Lenders, as required herein, agree to reinstate such currency as an Agreed Currency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Agreement</U>&#148; means this 364-Day Credit Agreement dated as of April&nbsp;21, 2008 among the
Borrower, the Administrative Agent, and the Lenders, as it may be amended hereafter in accordance
with its terms.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Applicable Margin</U>&#148; means, at any time with respect to any Revolving Advance,
Utilization Fees, or Facility Fees (except as otherwise provided below), the following percentages
based upon the ratings by Moody&#146;s and S&#038;P, respectively, applicable on such date to the Index Debt:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B><I>Eurocurrency Rate</I></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B><I>Prime Rate</I></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B><I>Facility</I></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B><I>Tier</I></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7" style="border-bottom: 1px solid #000000"><B><I>Index Debt Rating</I></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B><I>Advances</I></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B><I>Advances</I></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B><I>Fees</I></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B><I>Utilization Fees</I></B></TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 0px solid #000000"><B><I></I></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>S&#038;P</B></TD>
    <TD>&nbsp;</TD>

<TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>Moody&#146;s</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>&nbsp;</B></TD>
</TR>



<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">A&#043; or higher</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">A1 or higher</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.200</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.000</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.050</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.050</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">A</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">A2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.240</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.000</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.060</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.050</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">A-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">A3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.280</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.000</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.070</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.100</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="center">BBB&#043;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="center">Baa1</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.340</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.000</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.080</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.100</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="center">BBB</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="center">Baa2</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.470</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.000</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.100</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.100</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="center">BBB-</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="center">Baa3</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.550</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.000</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.150</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.100</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">7</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="center">Lower than BBB-</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="center">Lower than Baa3</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.705</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.000</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.170</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.100</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For purposes of the foregoing, (a)&nbsp;if either Moody&#146;s or S&#038;P shall not have in effect a rating for
the Index Debt (other than by reason of the circumstances referred to in the penultimate sentence
of this definition), then such rating agency shall be deemed to have established a rating in Tier
7; (b)&nbsp;if the ratings established or deemed to have been established by Moody&#146;s and S&#038;P for the
Index Debt shall fall within
different Tiers, the Applicable Margin shall be based on the higher of the two ratings unless one
of the two ratings is two or more Tiers lower than the other, in which case the Applicable Margin
shall be determined by reference to the Tier next above that of the lower of the two ratings; and
(c)&nbsp;if the ratings
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">established or deemed to have been established by Moody&#146;s and S&#038;P for the Index
Debt shall be changed (other than as a result of a change in the rating system of Moody&#146;s or S&#038;P),
such change shall be effective as of the date on which it is first announced or published by the
applicable rating agency or, in the absence of such announcement or publication, on the effective
date of such rating. Each change in the Applicable Margin shall apply during the period commencing
on the effective date of such change and ending on the date immediately preceding the effective
date of the next such change. If the rating system of Moody&#146;s or S&#038;P shall change, or if either
such rating agency shall cease to be in the business of rating corporate debt obligations, the
Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such
changed rating system or the unavailability of ratings from such rating agency and, pending the
effectiveness of any such amendment, the Applicable Margin shall be determined by reference to the
rating most recently in effect prior to such change or cessation. From the Closing Date until the
first such ratings change, if any, the Applicable Margin shall be determined by reference to Tier
4.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Applicable Time</U>&#148; means, with respect to any borrowings and payments in any Foreign
Currency, the local time in the place of settlement for such Foreign Currency as may be determined
by the Administrative Agent to be necessary for timely settlement on the relevant date in
accordance with normal banking procedures in the place of payment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Arrangers</U>&#148; means Wells Fargo, and its successors, in its capacity as co-lead arranger
and DnB NOR Bank ASA, and its successors, in its capacity as co-lead arranger.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Assignment and Acceptance</U>&#148; means an assignment and acceptance entered into by a
Lender and an Eligible Assignee, and accepted by the Administrative Agent, in substantially the
form of the attached Exhibit&nbsp;A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Authorized Agent</U>&#148; means each officer of any wholly-owned Subsidiary of the Borrower,
who has been duly authorized and appointed by a Responsible Officer of Borrower to act on behalf of
the Borrower in requesting Advances, including, the designation of the currency, amount,
Conversions, continuations and prepayments of, and Interest Periods with respect to, Advances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Borrower</U>&#148; has the meaning set forth in the preamble to this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Borrowing</U>&#148; means a Revolving Borrowing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Business Day</U>&#148; means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Legal Requirements of, or are in fact closed in,
Texas or New York and:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;if such day relates to any interest rate settings as to a Eurocurrency Rate Advance
denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in respect
of any such Eurocurrency Rate Advance, or any other dealings in Dollars to be carried out pursuant
to this Agreement in respect of any such Eurocurrency Rate Advance, means any such day on which
dealings in deposits in Dollars are conducted by and between banks in the London interbank
eurodollar market;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;if such day relates to any interest rate settings as to a Eurocurrency Rate Advance
denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of
any such Eurocurrency Rate Advance, or any other dealings in Euro to be carried out pursuant to
this Agreement in respect of any such Eurocurrency Rate Advance, means a TARGET Day;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;if such day relates to any interest rate settings as to a Eurocurrency Rate Advance
denominated in a currency other than Dollars or Euro, means any such day on which dealings in
deposits in the relevant currency are conducted by and between banks in the London interbank market
for such currency or, if such market is unavailable, then the principal offshore interbank market
for such currency; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;if such day relates to any fundings, disbursements, settlements and payments in a currency
other than Dollars or Euro in respect of a Eurocurrency Rate Advance denominated in a currency
other than Dollars or Euro, or any other dealings in any currency other than Dollars or Euro to be
carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Advance (other than
any interest rate settings), means any such day on which banks are open for foreign exchange
business in the principal financial center of the country of such currency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Canadian Dollars</U>&#148; means the lawful money of Canada.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Capital Lease</U>&#148; means, for any Person, any lease of any Property (whether real,
personal or mixed) by that Person as lessee which, in accordance with GAAP, is or should be
accounted for as a capital lease on the balance sheet of that Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Capitalized Lease Obligations</U>&#148; of a Person means the amount of the obligations of
such Person under Capital Leases which would be shown as a liability on a balance sheet of such
Person prepared in accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Change in Control</U>&#148; means the acquisition by any Person, or two or more Persons acting
in concert, of beneficial ownership (within the meaning of Rule&nbsp;13d-3 of the SEC under the
Securities Exchange Act of 1934), directly or indirectly, of securities of the Borrower (or other
securities convertible into such securities) representing 50% or more of the combined voting power
of all outstanding securities of the Borrower entitled to vote in the election of directors, other
than securities having such power only by reason of the happening of a contingency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Closing Date</U>&#148; means the date on which all of the conditions precedent set forth in
Section&nbsp;3.1 have been satisfied.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Code</U>&#148; means the Internal Revenue Code of 1986, as amended, and any successor statute.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Combined Aggregate Commitments</U>&#148; means, as of any date of determination, the sum of
(a)&nbsp;the aggregate Revolving Commitments under this Agreement and (b)&nbsp;the aggregate &#147;Revolving
Commitments&#148; under, and as defined in, the 5-Year Credit Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Combined Aggregate Exposure</U>&#148; means, as of any date of determination, the sum of (a)
the aggregate outstanding Advances under this Agreement and (b)&nbsp;the &#147;Aggregate Exposure&#148; under, and
as defined in, the 5-Year Credit Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Compliance Certificate</U>&#148; means a certificate of the Borrower in substantially the form
of the attached Exhibit&nbsp;B.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Computation Date</U>&#148; means (a)&nbsp;the last Business Day of each calendar quarter, (b)&nbsp;the
date of any proposed Borrowing, (c)&nbsp;the date of any reduction of Revolving Commitments pursuant to
Section&nbsp;2.4, and (d)&nbsp;after an Event of Default has occurred and is continuing, any other Business
Day at the Administrative Agent&#146;s discretion or upon instruction by the Majority Lenders.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Confidential Information</U>&#148; means information that that the Borrower furnishes to the
Administrative Agent or any Lender in a writing designated as confidential, but does not include
any such information that is or becomes generally available to the public or that is or becomes
available to the Administrative Agent or such Lender from a source other than the Borrower that is
not, to the Administrative Agent&#146;s or such Lender&#146;s knowledge, acting in violation of a
confidentiality agreement with the Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Consolidated</U>&#148; refers to the consolidation of the accounts of the Borrower and its
Subsidiaries in accordance with GAAP, including, when used in reference to the Borrower, principles
of consolidation consistent with those applied in the preparation of the Financial Statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Consolidated Net Worth</U>&#148; means at any time the consolidated stockholders&#146; equity of
the Borrower and its Subsidiaries calculated on a consolidated basis as of such time, determined in
accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Controlled Group</U>&#148; means all members of a controlled group of corporations and all
trades (whether or not incorporated) under common control which, together with the Borrower, are
treated as a single employer under Section&nbsp;414 of the Code.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Convert</U>&#148;, &#147;<U>Conversion</U>&#148;, and &#147;<U>Converted</U>&#148; each refers to a conversion
of Advances of one Type into Advances of another Type pursuant to Section&nbsp;2.2(b).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Credit Documents</U>&#148; means this Agreement, the Notes, the Agent&#146;s Fee Letter, and each
other agreement, instrument or document executed by the Borrower or any of its Subsidiaries at any
time in connection with this Agreement, including each Notice of Borrowing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Default</U>&#148; means (a)&nbsp;an Event of Default or (b)&nbsp;any event or condition which with
notice or lapse of time or both would, unless cured or waived, become an Event of Default.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Designated Currency</U>&#148; means, for a Revolving Borrowing, the Agreed Currency which is
designated for such Revolving Borrowing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Dollars</U>&#148; and &#147;<U>$</U>&#148; means lawful money of the United States of America.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Dollar Amount</U>&#148; of any currency at any date shall mean (i)&nbsp;the amount of such currency
if such currency is Dollars or (ii)&nbsp;the equivalent in Dollars of any amount of such currency if
such currency is any Foreign Currency, calculated using the Exchange Rate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Eligible Assignee</U>&#148; means (a)&nbsp;a commercial bank organized under the laws of the United
States, or any State thereof, and having primary capital of not less than $500,000,000 and approved
by the Administrative Agent, and (provided no Default has occurred and is continuing) the Borrower,
which
approvals will not be unreasonably withheld, (b)&nbsp;a commercial bank organized under the laws of
any other country which is a member of the Organization for Economic Cooperation and Development
and having primary capital (or its equivalent) of not less than $500,000,000 and approved by the
Administrative Agent, and (provided no Default has occurred and is continuing) the Borrower, which
approvals will not be unreasonably withheld, (c)&nbsp;a Lender and (d)&nbsp;an Affiliate of the respective
assigning Lender, without approval of any Person but otherwise meeting the eligibility requirements
of (a)&nbsp;or (b)&nbsp;above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Eligible Currency</U>&#148; means any Foreign Currency provided that: (a)&nbsp;quotes for loans in
such currency are available in the London interbank deposit market; (b)&nbsp;such currency is freely
transferable
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">and convertible into Dollars in the London foreign exchange market, (c)&nbsp;no approval of
a Governmental Authority in the country of issue of such currency is required to permit use of such
currency by any Lender for making loans or issuing letters of credit, or honoring drafts presented
under letters of credit in such currency, and (d)&nbsp;there is no restriction or prohibition under any
applicable Legal Requirements against the use of such currency for such purposes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>EMU</U>&#148; means the economic and monetary union in accordance with the Treaty of Rome
1957, as amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam
Treaty of 1998.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Environmental Claim</U>&#148; means any third party (including governmental agencies and
employees) action, lawsuit, claim, demand, regulatory action or proceeding, order, decree, consent
agreement or notice of potential or actual responsibility or violation, including claims or
proceedings under any Environmental Law (&#147;<U>Claims</U>&#148;) or any permit issued under any
Environmental Law, including (a)&nbsp;any and all Claims by Governmental Authorities for enforcement,
cleanup, removal, response, remedial or other actions or damages pursuant to any applicable
Environmental Law, and (b)&nbsp;any and all Claims by any third party seeking damages, contribution,
indemnification, cost recovery, compensation or injunctive relief resulting from Hazardous
Substances or arising from alleged injury or threat of injury to health or safety in relation to
the environment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Environmental Laws</U>&#148; means any and all Legal Requirements arising from, relating to,
or in connection with the environment, health or safety, relating to (a)&nbsp;the protection of the
environment, (b)&nbsp;the effect of the environment on human health, (c)&nbsp;emissions, discharges or
releases of Hazardous Substances into surface water, ground water or land, or (d)&nbsp;the manufacture,
processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous
Substances or wastes or the clean-up or other remediation thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>ERISA</U>&#148; means the Employee Retirement Income Security Act of 1974, as amended from
time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Euro</U>&#148; and &#147;<U>EUR</U>&#148; mean the lawful currency of the participating member states
of the EMU.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Eurocurrency Liabilities</U>&#148; has the meaning assigned to that term in Regulation&nbsp;D of
the Federal Reserve Board (or any successor), as in effect from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Eurocurrency Base Rate</U>&#148; means, (a)&nbsp;the rate per annum (rounded upward to the nearest
whole multiple of 1/100<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> of 1%) equal to the British Bankers Association LIBOR Rate
(&#147;BBA LIBOR&#148;), as published by Reuters (or other commercially available source providing quotations
of BBA LIBOR as designated by the Administrative Agent from time to time) at approximately 11:00
a.m., London time,
two Business Days prior to the commencement of such Interest Period, for deposits in the
relevant currency (for delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period, and (b)&nbsp;if the rate as determined under clause (a)&nbsp;is not available at such
time for any reason, then the rate determined by the Administrative Agent to be the rate at which
deposits in the relevant currency for delivery on the first day of such Interest Period in
immediately available funds in the approximate amount of the Eurocurrency Rate Advance being made,
continued or converted by the Administrative Agent and with a term equivalent to such Interest
Period would be offered by the Administrative Agent&#146;s London Branch (or other branch or Affiliate
of the Administrative Agent) to major banks in the London interbank market for such currency or, if
such market is unavailable, then the principal offshore interbank market for such currency at their
request at approximately 11:00&nbsp;a.m. (London time) two Business Days prior to the commencement of
such Interest Period.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Eurocurrency Rate</U>&#148; means, with respect to a Eurocurrency Rate Advance for the
relevant Interest Period, the interest rate per annum equal to (a)&nbsp;Eurocurrency Base Rate divided
by (b)&nbsp;one minus the reserve percentage (expressed as a decimal, carried out to five decimal
places) in effect on such day, whether or not applicable to any Lender, under regulations issued
from time to time by the Federal Reserve Board for determining the maximum reserve requirement
(including any emergency, supplemental or other marginal reserve requirement) with respect to
Eurocurrency funding (currently referred to as &#147;Eurocurrency liabilities&#148;). It is agreed that for
purposes of this definition, Eurocurrency Rate Advances made hereunder shall be deemed to
constitute Eurocurrency Liabilities as defined in Regulation&nbsp;D and to be subject to the reserve
requirements of Regulation&nbsp;D. The Eurocurrency Rate for each outstanding Eurocurrency Rate
Advance shall be adjusted automatically as of the effective date of any change in the reserve
percentage described in clause (b)&nbsp;above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Eurocurrency Rate Advance</U>&#148; means an Advance which bears interest as provided in
Section&nbsp;2.6(b).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Events of Default</U>&#148; has the meaning set forth in Section&nbsp;7.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Exchange Rate&#148;</U> for a currency means the rate determined by the Administrative Agent
to be the rate quoted by the Administrative Agent as the spot rate for the purchase by the
Administrative Agent of such currency with another currency through its principal foreign exchange
trading office at approximately 11:00&nbsp;a.m. on the date two Business Days prior to the date as of
which the foreign exchange computation is made; provided that the Administrative Agent may obtain
such spot rate from another financial institution designated by the Administrative Agent if the
Administrative Agent does not have as of the date of determination a spot buying rate for any such
currency; and provided further that, as to Letters of Credit, the Administrative Agent may use such
spot rate quoted on the date as of which the foreign exchange computation is made in the case of
any Letter of Credit denominated in a Foreign Currency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Existing Credit Agreements</U>&#148; means (a)&nbsp;that certain Amended and Restated Credit
Agreement dated as of June&nbsp;21, 2005 among the Borrower, Wells Fargo Bank, National Association, DnB
NOR Bank ASA, each as an administrative agent, and the lenders and other agents party thereto, and
(b)&nbsp;that certain Amended and Restated Credit Agreement dated as of August&nbsp;31, 2006 among Grant
Prideco, Inc., certain subsidiaries thereof as guarantors, Wells Fargo Bank, National Association,
as administrative agent, Bank of America, N.A. as syndication agent, and the lenders and other
agents party thereto as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Facility</U>&#148; means the revolving credit facility described in Section&nbsp;2.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Facility Fees</U>&#148; has the meaning set forth in Section&nbsp;2.3(a).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Federal Funds Rate</U>&#148; means, for any period, a fluctuating interest rate per annum
equal for each day during such period to the weighted average of the rates on overnight Federal
funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as
published for such day (or, if such day is not a Business Day, for the next preceding Business Day)
by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is
a Business Day, the average of the quotations for any such day on such transactions received by the
Administrative Agent from three Federal funds brokers of recognized standing selected by it.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Federal Reserve Board</U>&#148; means the Board of Governors of the Federal Reserve System or
any of its successors.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Financial Contract</U>&#148; of a Person means (a)&nbsp;any exchange-traded or over-the-counter
futures, forward, swap or option contract or other financial instrument with similar
characteristics, or (b)&nbsp;any Hedging Transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Financial Statements</U>&#148; means the financial statements described in Section&nbsp;4.6.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Foreign Currency</U>&#148; means any currency other than Dollars.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Foreign Currency Amount</U>&#148; means with respect to an amount denominated in Dollars, the
equivalent in a Foreign Currency of such amount determined at the Exchange Rate for the purchase of
such Foreign Currency with Dollars, as determined by the Administrative Agent on the Computation
Date applicable to such amount.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Foreign Lender</U>&#148; means any Lender that is organized under the laws of a jurisdiction
other than that in which the Borrower is resident for tax purposes. For purposes of this
definition, the United States, each State thereof and the District of Columbia shall be deemed to
constitute a single jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>GAAP</U>&#148; means United States generally accepted accounting principles as in effect from
time to time, applied on a basis consistent with the requirements of Section&nbsp;1.3.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Governmental Authority</U>&#148; means any foreign governmental authority (including any
supra-national bodies such as the European Union or the European Central Bank), the United States
of America, any state of the United States of America and any subdivision of any of the foregoing,
and any agency, central bank, department, commission, board, authority or instrumentality, bureau
or court having jurisdiction over any Lender, the Borrower, or the Borrower&#146;s Subsidiaries or any
of their respective Properties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Hazardous Substance</U>&#148; shall have the meaning assigned to that term in the
Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended by the
Superfund Amendments and Reauthorization Acts of 1986, and shall also include substances regulated
under any other Environmental Law, including pollutants, contaminants, petroleum, petroleum
products, radionuclides, radioactive materials, and medical and infectious waste.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Hazardous Waste</U>&#148; means the substances regulated as such pursuant to any Environmental
Law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Hedging Transactions</U>&#148; means any transaction (including an agreement with respect
thereto) now existing or hereafter entered into by a Person which is a rate swap, basis swap,
forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or
equity index option, bond option, interest rate option, foreign exchange transaction, cap
transaction, floor transaction, collar transaction, forward transaction, currency swap transaction,
cross-currency rate swap transaction, currency option or any other similar transaction (including
any option with respect to any of these transactions) or any combination thereof, whether linked to
one or more interest rates, foreign currencies, commodity prices, equity prices or other financial
measures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Hedging Obligations</U>&#148; of a Person means, without duplication, any and all obligations
of such Person, whether absolute or contingent and howsoever and whensoever created, arising,
evidenced or acquired (including all renewals, extensions and modifications thereof and
substitutions therefor), under (a)&nbsp;any and all Hedging Transactions, and (b)&nbsp;any and all
cancellations, buy backs, reversals, terminations or assignments of any Hedging Transactions.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Indebtedness</U>&#148; of a Person means, without duplication, such Person&#146;s (a)&nbsp;obligations
for borrowed money (regardless of whether such obligations would be, in accordance with GAAP, shown
as a short term debt or long term debt on the consolidated balance sheet of such Person), (b)
obligations representing the deferred purchase price of Property or services (other than accounts
payable arising in the ordinary course of such Person&#146;s business payable on terms customary in the
trade and any other amounts that are being contested and for which adequate reserves have been
established), (c)&nbsp;obligations of others which such Person has directly or indirectly, whether or
not assumed, secured by Liens or payable out of the proceeds or production from Property now or
hereafter owned or acquired by such Person (but, if not otherwise assumed, limited to the extent of
such Property&#146;s fair market value), guaranteed or otherwise provided credit support therefore, (d)
to the extent not included in clause (a)&nbsp;above, any obligations which are evidenced by notes,
acceptances, or other instruments, (e)&nbsp;reimbursement obligations of such Person in respect of drawn
or funded letters of credit, surety bonds, acceptance facilities, or drafts or similar instruments
issued or accepted by banks and other financial institutions for the account of such Person; (f)
obligations of such Person to purchase securities or other Property arising out of or in connection
with the sale of the same or substantially similar securities or Property, (g)&nbsp;Capitalized Lease
Obligations, (h)&nbsp;Net Mark-to-Market Exposure under Hedging Transactions and other Financial
Contracts, (i)&nbsp;Hedging Obligations, and (j)&nbsp;any other financial accommodation which in accordance
with GAAP would be shown as a short term debt or long term debt on the consolidated balance sheet
of such Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Index Debt</U>&#148; means senior, unsecured, long-term indebtedness for borrowed money of the
Borrower that is not guaranteed by any other Person or subject to any other credit enhancement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Interest Period</U>&#148; means, for each Eurocurrency Rate Advance comprising part of the
same Borrowing, the period commencing on the date of such Advance or the date of the Conversion of
any Prime Rate Advance into a Eurocurrency Rate Advance and ending on the last day of the period
selected by the Borrower pursuant to the provisions below and Section&nbsp;2.2 and, thereafter, each
subsequent period commencing on the last day of the immediately preceding Interest Period and
ending on the last day of the period selected by the Borrower pursuant to the provisions below and
Section&nbsp;2.2. The duration of each such Interest Period shall be one, two, three or six months, in
each case as the Borrower may select upon notice received by the Administrative Agent not later
than 12:00&nbsp;p.m. (Houston, Texas time) on the day required under Section&nbsp;2.2 in connection with a
Revolving Borrowing of such Type of Advance; <U>provided</U>, <U>however</U>, that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Interest Periods commencing on the same date for Advances comprising part of the same
Borrowing shall be of the same duration;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;whenever the last day of any Interest Period would otherwise occur on a day other than a
Business Day, the last day of such Interest Period shall be extended to occur on the next
succeeding Business Day, <U>provided</U> that if such extension would cause the last day of such
Interest Period to occur in the next following calendar month, the last day of such Interest Period
shall occur on the next preceding Business Day;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;any Interest Period which begins on the last Business Day of a calendar month (or on a day
for which there is no numerically corresponding day in the calendar month at the end of such
Interest Period) shall end on the last Business Day of the calendar month in which it would have
ended if there were a numerically corresponding day in such calendar month; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;no Interest Period shall end after the Maturity Date.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Legal Requirement</U>&#148; means any law, statute, ordinance, decree, requirement, order,
judgment, injunction, rule, regulation or other restriction (or official interpretation of any of
the foregoing) of, and the terms of any license, permit, concession, grant or franchise issued by,
any Governmental Authority.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Lenders</U>&#148; means each of the lenders party to this Agreement, including each Eligible
Assignee that shall become a party to this Agreement pursuant to Section&nbsp;9.6.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Lending Office</U>&#148; means, with respect to each Lender, the &#147;Lending Office&#148; of such
Lender (or an Affiliate of such Lender) designated for each Type of Advance in the Administrative
Questionnaire submitted by such Lender or such other office of such Lender (or an Affiliate of such
Lender) as such Lender may from time to time specify to the Administrative Agent and the Borrower
as the office by which its Advances of such Type are to be made and maintained.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Leverage Ratio</U>&#148; means, as of any date of calculation, the ratio of the Borrower&#146;s
Total Funded Consolidated Indebtedness outstanding on such date to its Total Consolidated
Capitalization outstanding on such date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Lien</U>&#148; means any lien (statutory or otherwise), mortgage, pledge, hypothecation,
assignment, deposit arrangement, charge, deed of trust, security interest, encumbrance or other
type of preferential arrangement, priority or other security agreement of any kind or nature
whatsoever to secure or provide for the payment of any obligation of any Person, whether arising by
contract, operation of law or otherwise (including the interest of a vendor or lessor under any
conditional sale agreement, Capital Lease or other title retention agreement).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Majority Lenders</U>&#148; means, as of the date of determination, two or more Lenders holding
more than 50% of the sum of the unutilized aggregate Revolving Commitments plus the outstanding
principal amount of all Revolving Advances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Mandatory Cost Rate</U>&#148; means, with respect to any period, the percentage rate per annum
determined in accordance with Schedule&nbsp;1.1(b).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Material Adverse Effect</U>&#148; means a material adverse effect on (a)&nbsp;the business,
Property, condition (financial or otherwise), or results of operations of the Borrower and its
Subsidiaries taken as a
whole, (b)&nbsp;the ability of the Borrower to perform its obligations under the Credit Documents
to which it is a party, or (c)&nbsp;the validity or enforceability of any of the Credit Documents or the
rights or remedies of the Administrative Agent or the Lenders thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Maturity Date</U>&#148; means April&nbsp;20, 2009, as such date may be extended under Section&nbsp;2.19.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Maximum Rate</U>&#148; means, as to any particular Lender, the maximum nonusurious interest
rate permitted to such Lender under applicable Legal Requirements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger</U>&#148; means the merger of Grant Prideco, Inc., a Delaware corporation with and into
NOV Sub, Inc., a Delaware corporation with NOV Sub, Inc. being the surviving entity, all pursuant
to the terms of the Merger Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger Documents</U>&#148; means the Agreement and Plan of Merger dated as of December&nbsp;16,
2007 among Grant Prideco, Inc., NOV Sub, Inc. and the Borrower and all other material documents,
agreements and instruments executed by any of the parties thereto and related thereto.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Moody&#146;s</U>&#148; means Moody&#146;s Investors Service, Inc. and any successor thereto which is a
nationally recognized statistical rating organization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Multiemployer Plan</U>&#148; means a Plan maintained pursuant to a collective bargaining
agreement or any other arrangement to which the Borrower or any member of the Controlled Group is a
party to which more than one employer is obligated to make contributions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Net Mark-to-Market Exposure</U>&#148; of a Person means, as of any date of determination, the
excess (if any) of all Unrealized Losses over all Unrealized Profits of such Person arising from
Hedging Transactions. Notwithstanding the foregoing, &#147;<U>Net Mark-to-Market Exposure</U>&#148; shall
be determined excluding recognized but unrealized gains and/or losses attributable to commodity,
foreign currency or interest rate derivative instruments determined under the provisions of FASB
133, as the same may be further amended, modified or clarified by the FASB.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Norwegian Kroner</U>&#148; or &#147;<U>NOK</U>&#148; means lawful money of the Kingdom of Norway.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Note</U>&#148; means a Revolving Note.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Notice of Borrowing</U>&#148; means a notice of borrowing in the form of the attached Exhibit
C and signed by a Responsible Officer of the Borrower or by an Authorized Agent on behalf of the
Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Notice of Conversion or Continuation</U>&#148; means a notice of conversion or continuation in
the form of the attached Exhibit&nbsp;D and signed by a Responsible Officer of the Borrower or by an
Authorized Agent on behalf of the Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Obligations</U>&#148; means all Advances and any other fees, expenses, reimbursements,
indemnities or other obligations payable by the Borrower to the Administrative Agent, the Lenders,
or any other indemnified party under the Credit Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Operating Lease</U>&#148; of a Person means any lease of Property (other than a Capital Lease)
by such Person as lessee which has an original term (including any required renewals and any
renewals effective at the option of the lessor) of one year or more.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Overnight Rate</U>&#148; means, for any day, (a)&nbsp;with respect to any amount denominated in
Dollars, the greater of (i)&nbsp;the Federal Funds Rate and (ii)&nbsp;an overnight rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation, and (b)
with respect to any amount denominated in a Foreign Currency, the rate of interest per annum at
which overnight deposits in such Foreign Currency, in an amount approximately equal to the amount
with respect to which such rate is being determined, would be offered for such day by a branch or
Affiliate of the Administrative Agent in the applicable offshore interbank market for such currency
to major banks in such interbank market.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Participating Member State</U>&#148; means each state so described in any EMU Legislation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>PBGC</U>&#148; means the Pension Benefit Guaranty Corporation or any entity succeeding to any
or all of its functions under ERISA.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Liens</U>&#148; means the Liens permitted to exist pursuant to Section&nbsp;6.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Person</U>&#148; means an individual, partnership, corporation (including a business trust),
joint stock company, trust, unincorporated association, limited liability company, joint venture or
other entity, or
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">a government or any political subdivision or agency thereof or any trustee,
receiver, custodian or similar official.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Plan</U>&#148; means an employee benefit plan (other than a Multiemployer Plan) maintained for
employees of the Borrower or any member of the Controlled Group and covered by Title IV of ERISA or
subject to the minimum funding standards under Section&nbsp;412 of the Code.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Pounds Sterling</U>&#148; and/or &#147;<U>&#163;</U>&#148; means lawful money of the United Kingdom of Great
Britain and Northern Ireland.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Pro Rata Share</U>&#148; means, as to each Lender (a)&nbsp;the ratio (expressed as a percentage) of
such Lender&#146;s Revolving Commitment at such time to the aggregate Revolving Commitments at such time
or (b)&nbsp;if the Revolving Commitments have been terminated, the ratio (expressed as a percentage) of
the sum of such Lender&#146;s aggregate outstanding Revolving Advances at such time to the aggregate
outstanding Revolving Advances of all the Lenders at such time or (c)&nbsp;if the Revolving Commitments
have been terminated and all Revolving Advances have been paid in full, the ratio (expressed as a
percentage) that was most recently in effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Prime Rate</U>&#148; means at any time the rate of interest most recently announced by Wells
Fargo at its principal office in San Francisco, California as its prime rate, whether or not the
Borrower has notice thereof, with the understanding that the Prime Rate is one of Wells Fargo&#146;s
base rates and serves as the basis upon which effective rates of interest are calculated for those
loans making reference thereto, and is evidenced by the recording thereof after its announcement in
such internal publication or publications as Wells Fargo may designate. Each change in the Prime
Rate shall be effective on the day the change is announced by Wells Fargo.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Prime Rate Advance</U>&#148; means an Advance which bears interest as provided in Section
2.6(a). All Prime Rate Advances shall be denominated in Dollars.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Property</U>&#148; of any Person means any and all property (whether real, personal, or mixed,
tangible or intangible) or other assets owned, leased or operated by such Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Register</U>&#148; has the meaning set forth in paragraph (d)&nbsp;of Section&nbsp;9.6.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Reportable Event</U>&#148; means any of the events set forth in Section 4043(b) of ERISA and
the regulations issued under such section, with respect to a Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Responsible Officer</U>&#148; means the Chief Executive Officer, the President, the Chief
Financial Officer, any Vice President, any Treasurer, any Assistant Treasurer, any Secretary, any
Assistant Secretary or Manager of any Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Restricted Payment</U>&#148; means (a)&nbsp;any direct or indirect payment (other than scheduled
payments), prepayment, redemption, defeasance, retirement, purchase of, or other acquisition of or
deposit of funds or Property for the payment (other than scheduled payments), prepayment,
redemption, defeasance, retirement, or purchase of Senior Notes, and (b)&nbsp;the making by any Person
of any dividends or other distributions (in cash, property, or otherwise) on, or payment for the
purchase, redemption or other acquisition or retirement of, any shares of any capital stock or
other ownership interests of such Person, other than dividends payable in such Person&#146;s stock or
ownership interests.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revolving Advance</U>&#148; means an advance made by a Lender to the Borrower pursuant to
Section&nbsp;2.1.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revolving Borrowing</U>&#148; means a borrowing consisting of simultaneous Revolving Advances
made by each Lender pursuant to Section&nbsp;2.1 or Converted by each Lender to Revolving Advances of a
different Type pursuant to Section&nbsp;2.2(b).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revolving Commitment</U>&#148; means, with respect to any Lender, the amount set opposite such
Lender&#146;s name on Schedule&nbsp;1.1(a) as its Revolving Commitment, or if such Lender has entered into
any Assignment and Acceptance or such Lender is an Additional Lender, the amount set forth for such
Lender as its Revolving Commitment in the Register maintained by the Administrative Agent pursuant
to Section&nbsp;9.6(d), as such amount may be reduced pursuant to Section&nbsp;2.4 or increased pursuant to
Section&nbsp;2.16.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revolving Note</U>&#148; means a promissory note of a Borrower payable to the order of any
Lender, in substantially the form of the attached Exhibit&nbsp;E evidencing Indebtedness of such
Borrower to such Lender resulting from Revolving Advances owing to such Lender.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>S&#038;P</U>&#148; means Standard &#038; Poor&#146;s Ratings Service, a division of The McGraw-Hill
Companies, Inc., or any successor thereof which is a nationally recognized statistical rating
organization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>SEC</U>&#148; means the United States Securities and Exchange Commission.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Senior Notes</U>&#148; means any senior debt securities of the Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Senior Note Documents</U>&#148; means any indenture, note or other agreement evidencing or
governing the Senior Notes, as such indenture, note or other agreement may be amended, supplemented
or otherwise modified as permitted hereby.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Subsidiary</U>&#148; of a Person means any corporation, association, partnership, limited
liability company, or other business entity of which more than 50% of the outstanding shares of
capital stock (or other equivalent interests) having by the terms thereof ordinary voting power
under ordinary circumstances to elect a majority of the board of directors or Persons performing
similar functions (or, if
there are no such directors or Persons, having general voting power) of such entity
(irrespective of whether at the time capital stock (or other equivalent interests) of any other
class or classes of such entity shall or might have voting power upon the occurrence of any
contingency) is at the time directly or indirectly owned or controlled by such Person, by such
Person and one or more Subsidiaries of such Person or by one or more Subsidiaries of such Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>TARGET Day</U>&#148; means any day on which the Trans-European Automated Real-time Gross
Settlement Express Transfer (TARGET)&nbsp;payment system or the TARGET2 payment system (or, if either of
such payment systems cease to be operative, such other payment system (if any) determined by the
Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Termination Event</U>&#148; means (a)&nbsp;the occurrence of a Reportable Event with respect to a
Plan, as described in Section&nbsp;4043 of ERISA and the regulations issued thereunder (other than a
Reportable Event not subject to the provision for 30-day notice to the PBGC under such
regulations), (b)&nbsp;the withdrawal of the Borrower or any of its Affiliates from a Plan during a plan
year in which it was a &#147;substantial employer&#148; as defined in Section&nbsp;4001(a)(2) of ERISA, (c)&nbsp;the
giving of a notice of intent to terminate a Plan under Section 4041(c) of ERISA, (d)&nbsp;the
institution of proceedings to terminate a Plan by the PBGC, or (e)&nbsp;any other event or condition
which constitutes grounds under Section&nbsp;4042 of ERISA for the termination of, or the appointment of
a trustee to administer, any Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Total Consolidated Capitalization</U>&#148; means the sum of the Total Funded Consolidated
Indebtedness and Consolidated Net Worth.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Total Funded Consolidated Indebtedness</U>&#148; means at any time the aggregate Dollar Amount
of Indebtedness of the Borrower and its Subsidiaries which is (a)&nbsp;of the type described in clause
(a), (d), (e), (g)&nbsp;or (j)&nbsp;of the definition of &#147;Indebtedness&#148; or (b)&nbsp;of the type described in
clause (c)&nbsp;of the definition of &#147;Indebtedness&#148; to the extent that such lien secures or such
guaranty covers Indebtedness of the type described in clause (a), (d), (e), (g)&nbsp;or (j)&nbsp;of the
definition of &#147;Indebtedness&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Type</U>&#148; has the meaning set forth in Section&nbsp;1.4.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Unrealized Losses</U>&#148; means, with respect to any Hedging Transaction, the fair market
value of the cost to such Person of replacing such Hedging Transaction as of the date of
determination (assuming such Hedging Transaction were to be terminated as of that date).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Unrealized Profits</U>&#148; means, with respect to any Hedging Transaction, the fair market
value of the gain to such Person of replacing such Hedging Transaction as of the date of
determination (assuming such Hedging Transaction were to be terminated as of that date).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Wells Fargo</U>&#148; means Wells Fargo Bank, National Association.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.2 <U>Computation of Time Periods</U>. In this Agreement in the computation of
periods of time from a specified date to a later specified date, the word &#147;from&#148; means &#147;from and
including&#148; and the words &#147;to&#148; and &#147;until&#148; each means &#147;to but excluding&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.3 <U>Accounting Terms; Changes in GAAP; Foreign Currency Limits</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;All accounting terms not specifically defined in this Agreement shall be construed in
accordance with GAAP applied on a consistent basis with those applied in the preparation of the
Financial Statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Unless otherwise indicated, all financial statements of the Borrower, all calculations for
compliance with covenants in this Agreement, and all calculations of any amounts to be calculated
under the definitions in Section&nbsp;1.1 shall be based upon the Consolidated accounts of the Borrower
and its Subsidiaries in accordance with GAAP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;If any changes in accounting principles after the Closing Date are required by GAAP or the
Financial Accounting Standards Board of the American Institute of Certified Public Accountants or
similar agencies results in a change in the method of calculation of, or affects the results of
such calculation of, any of the financial covenants, standards or terms found in this Agreement,
then the parties shall enter into and diligently pursue negotiations in order to amend such
financial covenants, standards or terms so as to equitably reflect such change, with the desired
result that the criteria for evaluating the Borrower&#146;s and its Consolidated Subsidiaries&#146; financial
condition shall be the same after such change as if such change had not been made.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Wherever in this Agreement in connection with a Revolving Borrowing or Conversion,
continuation or prepayment of a Eurocurrency Rate Advance, an amount (such as a required minimum or
multiple amount) is expressed in Dollars, but such Borrowing is denominated in a Foreign Currency,
such amount shall be the equivalent in a Foreign Currency of such amount determined at the Exchange
Rate for the purchase of such Foreign Currency with Dollars, as determined by the Administrative
Agent on the Computation Date applicable to such amount (rounded to the nearest unit of such
Foreign Currency, with 0.5 of a unit being rounded upward).
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.4 <U>Types of Advances</U>. Advances are distinguished by &#147;Type&#148;. The &#147;Type&#148; of
an Advance refers to the determination whether such Advance is a Eurocurrency Rate Advance or a
Prime Rate Advance, each of which constitutes a Type.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.5 <U>Change of Currency</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Each obligation of the Borrower to make a payment denominated in the national currency
unit of any member state of the European Union that adopts the Euro as its lawful currency after
the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with
the EMU Legislation). If, in relation to the currency of any such member state, the basis of
accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent
with any convention or practice in the London interbank market for the basis of accrual of interest
in respect of the Euro, such expressed basis shall be replaced by such convention or practice with
effect from the date on which such member state adopts the Euro as its lawful currency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Each provision of this Agreement shall be subject to such reasonable changes of
construction as the Administrative Agent, upon consultation with the Borrower, may from time to
time specify to be appropriate to reflect the adoption of the Euro by any member state of the
European Union and any relevant market conventions or practices relating to the Euro.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Each provision of this Agreement also shall be subject to such reasonable changes of
construction as the Administrative Agent, upon consultation with the Borrower, may from time to
time specify to be appropriate to reflect a change in currency of any other country and any
relevant market conventions or practices relating to the change in currency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.6 <U>Miscellaneous</U>. The words &#147;include,&#148; &#147;includes&#148; and &#147;including&#148; shall be
deemed to be followed by the phrase &#147;without limitation.&#148; The word &#147;will&#148; shall be construed to
have the same meaning and effect as the word &#147;shall.&#148; Article, Section, Schedule and Exhibit
references are to Articles and Sections of and Schedules and Exhibits to this Agreement, unless
otherwise specified.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE II<BR>
THE ADVANCES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.1 <U>The Advances</U>. Each Lender severally agrees, on the terms and conditions
set forth in this Agreement, to make Revolving Advances to the Borrower from time to time on any
Business Day prior to the Maturity Date in an aggregate amount not to exceed at any time
outstanding an amount equal to such Lender&#146;s Revolving Commitment less the Dollar Amount of the
aggregate principal amount of Revolving Advances owing to such Lender at such time;
<U>provided</U> that, (A)&nbsp;before and after giving effect to such Borrowing, the aggregate Dollar
Amount of all outstanding Revolving Advances at any time may not exceed the aggregate Revolving
Commitments at such time, (B)&nbsp;such Revolving Advances may be denominated and funded in any Agreed
Currency and (C)&nbsp;before and after giving effect to such Borrowing, the aggregate Dollar Amount of
all outstanding Revolving Advances which are denominated in Norwegian Kroner may not exceed
$500,000,000 at any time. Within the limits of each Lender&#146;s Revolving Commitment, the Borrower
may from time to time prepay pursuant to Section&nbsp;2.7 and reborrow under this Section&nbsp;2.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.2 <U>Method of Borrowing</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Notice</U>. Each Revolving Borrowing shall be made pursuant to a Notice of Borrowing
and given:
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) by the Borrower to the Administrative Agent not later than 12:00&nbsp;p.m. (Houston,
Texas time) on the fourth Business Day before the date of the proposed Borrowing in the case
of a Eurocurrency Rate Advance denominated in a Foreign Currency,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) by the Borrower to the Administrative Agent not later than 12:00&nbsp;p.m. (Houston,
Texas time) on the third Business Day before the date of the proposed Borrowing in the case
of a Eurocurrency Rate Advance denominated in Dollars, and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) by the Borrower to the Administrative Agent not later than 12:00&nbsp;p.m. (Houston,
Texas time) one Business Day before the date of the proposed Borrowing in the case of a
Prime Rate Advance.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Administrative Agent shall give each Lender prompt notice on the day of receipt of timely
Notice of Borrowing of such proposed Borrowing by telecopier. Each Notice of Borrowing shall be by
telephone or telecopier, and if by telephone, confirmed promptly in writing (which confirmation may
be provided by telecopier or with a &#147;PDF&#148; file delivered in an e-mail with a return acknowledgment
requested), specifying the (i)&nbsp;requested date of such Borrowing (which shall be a Business Day),
(ii)&nbsp;requested Type of Advances comprising such Borrowing, (iii)&nbsp;aggregate amount of such
Borrowing, (iv)&nbsp;if such
Borrowing is to be comprised of Eurocurrency Rate Advances, the Interest Period for each such
Advance, and (v)&nbsp;the Designated Currency of such Borrowing. In the case of a proposed Borrowing
comprised of Eurocurrency Rate Advances, the Administrative Agent shall promptly notify each Lender
of the applicable interest rate under Section&nbsp;2.6(b). Each Lender shall, before 3:00 p.m.
(Houston, Texas time) on the date of the proposed Borrowing, make available for the account of its
Lending Office to the Administrative Agent at its address referred to in Section&nbsp;9.2, or such other
location as the Administrative Agent may specify by notice to the Lenders, in same day funds, such
Lender&#146;s Pro Rata Share of such Borrowing. Promptly upon the Administrative Agent&#146;s receipt of
such funds (but in any event not later than 4:00 p.m. (Houston, Texas time) on the date of the
proposed Borrowing) and provided that the applicable conditions set forth in Article&nbsp;III have been
satisfied, the Administrative Agent will make such funds available to the Borrower at its account
with the Administrative Agent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Conversions and Continuations</U>. In order to elect to Convert or continue Advances
comprising part of the same Revolving Borrowing under this Section, the Borrower shall deliver an
irrevocable Notice of Conversion or Continuation to the Administrative Agent at the Administrative
Agent&#146;s office no later than 12:00&nbsp;p.m. (Houston, Texas time) (i)&nbsp;at least one Business Day in
advance of the proposed conversion date in the case of a Conversion of such Advances to Prime Rate
Advances, (ii)&nbsp;at least three Business Days in advance of the proposed Conversion or continuation
date in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances denominated
in Dollars; and (iii)&nbsp;at least four Business Days in advance of the proposed Conversion or
continuation date in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances
denominated in Foreign Currencies. Each such Notice of Conversion or Continuation shall be by
telephone or telecopier, and if by telephone, confirmed promptly in writing (which confirmation may
be provided by telecopier or with a &#147;PDF&#148; file delivered in an e-mail with a return acknowledgment
requested), specifying (A)&nbsp;the requested Conversion or continuation date (which shall be a Business
Day), (B)&nbsp;the Borrowing amount and Type of the Advances to be Converted or continued, (C)&nbsp;whether a
Conversion or continuation is requested, and if a Conversion, into what Type of Advances, and (D)
in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances, the requested
Interest Period. Promptly after receipt of a Notice of Conversion or Continuation under this
paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case
of a Conversion to or a continuation of Eurocurrency Rate Advances, notify each Lender of the
applicable interest rate under Section&nbsp;2.6(b). For purposes other than the conditions set forth in
Section&nbsp;3.2, the portion of Revolving Advances comprising part of the same
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Revolving Borrowing that
are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Certain Limitations</U>. Notwithstanding anything herein to the contrary:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) each Borrowing shall (A)&nbsp;in the case of Eurocurrency Rate Advances, be in an
aggregate amount not less than $3,000,000 and greater multiples of $1,000,000 in excess
thereof, (B)&nbsp;in the case of Prime Rate Advances, be in an aggregate amount not less than
$500,000 and greater multiples of $100,000 in excess thereof, and (C)&nbsp;consist of Advances of
the same Type made on the same day by the Lenders according to their Pro Rata Share;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) at no time shall there be more than eight Interest Periods applicable to
outstanding Eurocurrency Rate Advances;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) no single Borrowing consisting of Eurocurrency Rate Advances may include Advances
in different currencies;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Borrower may not select Eurocurrency Rate Advances for any Borrowing to be
made, Converted or continued if (A)&nbsp;the aggregate Dollar Amount of such Borrowing is less
than $3,000,000 or (B)&nbsp;a Default or Event of Default has occurred and is continuing;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) (A)&nbsp;if any Lender shall, at any time prior to the making of any requested Borrowing
comprised of Eurocurrency Rate Advances, notify the Administrative Agent that the
introduction of or any change in or in the interpretation of any Legal Requirement makes it
unlawful, or that any central bank or other Governmental Authority asserts that it is
unlawful, for such Lender or its Lending Office to perform its obligations under this
Agreement to make Eurocurrency Rate Advances or to fund or maintain Eurocurrency Rate
Advances, or any Governmental Authority has imposed material restrictions on the authority
of such Lender to purchase or sell, or take deposits of, Dollars or any Foreign Currency in
the applicable interbank market, then (1)&nbsp;if the requested Borrowing was of Revolving
Advances denominated in Dollars, such Lender&#146;s Pro Rata Share of such Borrowing shall be
made as a Prime Rate Advance of such Lender, (2)&nbsp;in any event, such Prime Rate Advance shall
be considered part of the same Borrowing and interest on such Prime Rate Advance shall be
due and payable at the same time that interest on the Eurocurrency Rate Advances comprising
the remainder of such Borrowing shall be due and payable, and (3)&nbsp;any obligation of such
Lender to make, continue, or Convert to, Eurocurrency Rate Advances in the affected currency
or currencies, including in connection with such requested Borrowing, shall be suspended
until such Lender notifies the Administrative Agent and the Borrower that the circumstances
giving rise to such determination no longer exist; and (B)&nbsp;such Lender agrees to use
commercially reasonable efforts (consistent with its internal policies and legal and
regulatory restrictions) to designate a different Lending Office if the making of such
designation would avoid the effect of this paragraph and would not, in the reasonable
judgment of such Lender, be otherwise disadvantageous to such Lender;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) if the Administrative Agent is unable to determine the Eurocurrency Rate for
Eurocurrency Rate Advances comprising any requested Revolving Borrowing, the right of the
Borrower to select Eurocurrency Rate Advances in the affected currency or currencies for
such Borrowing or for any subsequent Borrowing shall be suspended until the Administrative
Agent shall notify the Borrower and the Lenders that the circumstances causing such
suspension no longer exist, and upon receipt by the Borrower of the notice of such
suspension, the Borrower may revoke the pending request or, failing that, each Revolving
Advance comprising such
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Borrowing shall be made as a Prime Rate Advance in the Dollar Amount
of the originally requested Advance;
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) if the Majority Lenders shall, at least one Business Day before the date of any
requested Borrowing, notify the Administrative Agent that (A)&nbsp;the Eurocurrency Rate for
Eurocurrency Rate Advances comprising such Borrowing will not adequately reflect the cost to
such Lenders of making or funding their respective Eurocurrency Rate Advances, or (B)
deposits are not being offered to banks in the applicable offshore interbank market for such
currency for the applicable amount and Interest Period of such Eurocurrency Rate Advance,
the right of the Borrower to select Eurocurrency Rate Advances in the affected currency or
currencies for such Borrowing or for any subsequent Revolving Borrowing shall be suspended
until the Administrative Agent shall notify the Borrower and the Lenders that the
circumstances causing such suspension no longer exist, and upon receipt by the Borrower of
the notice of such suspension, the Borrower may revoke the pending request or, failing that,
each Advance
comprising such Borrowing shall be made as a Prime Rate Advance in the Dollar Amount of
the originally requested Advance;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) if any Lender shall, at any time prior to the making of any requested Borrowing
comprised of Eurocurrency Rate Advances denominated in a Foreign Currency, notify the
Administrative Agent that, as a result of internal banking policy limitations on fundings in
such Foreign Currency, such Lender can not fund all or any portion of its Pro Rata Share of
such Borrowing, then (A)&nbsp;such portion shall be made as a Prime Rate Advance of such Lender,
and (B)&nbsp;in any event, such Prime Rate Advance shall be considered part of the same Borrowing
and interest on such Prime Rate Advance shall be due and payable at the same time that
interest on the Eurocurrency Rate Advances comprising the remainder of such Borrowing shall
be due and payable;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) if the Borrower shall fail to select the duration or continuation of any Interest
Period for any Eurocurrency Rate Advance in accordance with the provisions contained in the
definition of &#147;<U>Interest Period</U>&#148; in Section&nbsp;1.1 and paragraph (a)&nbsp;or (b)&nbsp;above, the
Administrative Agent will forthwith so notify the Borrower and the Lenders and (A)&nbsp;if
denominated in Dollars, such affected Advances will be made available to the Borrower on the
date of such Borrowing as Prime Rate Advances or, if such affected Advances are existing
Advances, will be Converted into Prime Rate Advances or at the end of Interest Period then
in effect, and (B)&nbsp;if denominated in a Foreign Currency, the Borrower shall be deemed to
have specified an Interest Period of one month for such affected Advances or, if such
affected Advances are existing Advances, such affected Advances will be continued as a
Eurocurrency Rate Advance in the original Designated Currency with an Interest Period of one
month;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) if the Borrower shall fail to specify a currency for any Eurocurrency Rate
Advances, then the Eurocurrency Rate Advances as requested shall be made in Dollars; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) no Revolving Advance may be Converted or continued as a Revolving Advance in a
different currency, but instead must be prepaid in the original Designated Currency of such
Revolving Advance and reborrowed in such new Designated Currency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Notices Irrevocable</U>. Each Notice of Borrowing and Notice of Conversion or
Continuation shall be irrevocable and binding on the Borrower.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Administrative Agent Reliance</U>. Unless the Administrative Agent shall have
received notice from a Lender before the date of any Revolving Borrowing that such Lender will not
make available to the Administrative Agent such Lender&#146;s Pro Rata Share of such Borrowing, the
Administrative Agent may assume that such Lender has made its Pro Rata Share of such Borrowing
available to the Administrative Agent on the date of such Borrowing in accordance with paragraph
(a)&nbsp;of this Section&nbsp;2.2 and the Administrative Agent may, in reliance upon such assumption, make
available to the Borrower on such date a corresponding amount. If and to the extent that such
Lender shall not have so made its Pro Rata Share of such Borrowing available to the Administrative
Agent, such Lender and the Borrower severally agree to immediately repay to the Administrative
Agent on demand such corresponding amount, together with interest on such amount, for each day from
the date such amount is made available to the Borrower until the date such amount is repaid to the
Administrative Agent, at (i)&nbsp;in the case of the Borrower, the interest rate applicable on such day
to Advances comprising such Borrowing and (ii)&nbsp;in the case of such Lender, the Overnight Rate for
such day. If such Lender shall repay to the
Administrative Agent such corresponding amount and interest as provided above, such
corresponding amount so repaid shall constitute such Lender&#146;s Advance as part of such Borrowing for
purposes of this Agreement even though not made on the same day as the other Advances comprising
such Borrowing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Lender Obligations Several</U>. The failure of any Lender to make the Advance to be
made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any,
to make its Advance on the date of such Borrowing. No Lender shall be responsible for the failure
of any other Lender to make the Advance to be made by such other Lender on the date of any
Borrowing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Evidence of Obligations</U>.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Advances made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and by the Administrative Agent in the ordinary course of
business. The accounts or records maintained by Administrative Agent and the Lenders shall
be conclusive absent manifest error of the amount of the Advances made by such Lenders to
the Borrower and the interest and payments thereon. Any failure to so record or any error
in doing so shall not, however, limit or otherwise affect the obligation of the Borrower
hereunder to pay any amount owing with respect to the Obligations. In the event of any
conflict between the accounts and records maintained by any Lender and the accounts and
records of the Administrative Agent in respect of such matters, the accounts and records of
the Administrative Agent shall control in the absence of manifest error. Upon the request
of any Lender to the Borrower made through the Administrative Agent, the Borrower shall
execute and deliver to such Lender (through the Administrative Agent) the applicable Note or
Notes which shall evidence such Lender&#146;s Advances to the Borrower in addition to such
accounts or records. Each Lender may attach schedules to such Notes and endorse thereon the
date, Type (if applicable), amount, currency and maturity of its Advances and payments with
respect thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.3 <U>Fees</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Facility Fees</U>. The Borrower agrees to pay to the Administrative Agent for the
account of each Lender, a daily facility fee (the &#147;<U>Facility Fee</U>&#148;) on the amount of such
Lender&#146;s Revolving Commitment at a per annum rate equal to the Applicable Margin for facility fees
for the period from the Closing Date until the Maturity Date, such fees due and payable quarterly
in arrears on the tenth (10<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>) day after the end of each March, June, September and
December, commencing June&nbsp;30, 2008, and on the Maturity Date.
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Utilization Fees</U>. Borrower agrees to pay to the Administrative Agent for the
account of each Lender a daily utilization fee (the &#147;<U>Utilization Fee</U>&#148;) on the Dollar Amount
of such Lender&#146;s outstanding Revolving Advances at a per annum rate equal to the Applicable Margin
for Utilization Fees, from the Closing Date until the Maturity Date, such fees are (i)&nbsp;calculated
quarterly in arrears for the period ending on the last day of each March, June, September and
December, commencing June&nbsp;30, 2008 and due and payable on the immediately following 10<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
Business Day, and (ii)&nbsp;calculated in arrears and ending on, and due and payable on, the Maturity
Date; <U>provided that</U> the Utilization Fee shall be payable only in respect of each day that
the Dollar Amount of the Combined Aggregate Exposure exceeds 50% of the Combined Aggregate
Commitments. For purposes of calculating such Utilization Fee, outstandings for Eurocurrency Rate
Advances denominated in Foreign Currencies shall be converted to their Dollar Amounts on each date
that such Utilization Fee is due hereunder using the then effective Exchange Rate.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Administrative Agent Fees</U>. The Borrower agrees to pay when due to the
Administrative Agent for its benefit the fees set forth in the Agent&#146;s Fee Letter.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.4 <U>Reduction of Commitments</U>. The Borrower shall have the right, upon at
least three Business Days&#146; irrevocable notice to the Administrative Agent and the Lenders, to
terminate in whole or reduce ratably in part the unused portion of the Revolving Commitments;
<U>provided</U> that, each partial reduction shall be in the aggregate amount of $3,000,000 or an
integral multiple of $1,000,000 in excess thereof. Any reduction or termination of the Revolving
Commitments pursuant to this Section&nbsp;2.4 shall be permanent, with no obligation of the Lenders to
reinstate such Revolving Commitments and the commitment fees provided for in Section&nbsp;2.3(a) shall
thereafter be computed on the basis of the Revolving Commitments, as so reduced.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.5 <U>Repayment of Advances</U>. The Borrower shall repay the outstanding principal
amount of each Revolving Advance on the Maturity Date and in the Designated Currency in which each
such Advance was funded.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.6 <U>Interest</U>. The Borrower shall pay interest on the unpaid principal amount
of each Advance from the date of such Advance until such principal amount shall be paid in full, at
the following rates per annum:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Prime Rate Advances</U>. If such Advance is a Prime Rate Advance, a rate per annum
equal at all times to the lesser of (i)&nbsp;the Adjusted Prime Rate in effect from time to time
<U>plus</U> the Applicable Margin and (ii)&nbsp;the Maximum Rate, payable in arrears on the last
Business Day of each calendar quarter, commencing with the calendar quarter ending June&nbsp;30, 2008,
and on the date such Prime Rate Advance shall be paid in full, <U>provided</U> that if any payment
of principal on any Advance is not made when due, such Advances shall bear interest from the date
such payment was due until such Advances are paid in full, payable on demand, at a rate per annum
equal at all times to the lesser of (A)&nbsp;the rate required to be paid on such Advance immediately
prior to the date on which such amount becomes due <U>plus</U> two percent (2%) and (B)&nbsp;the
Maximum Rate.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Eurocurrency Rate Advances</U>. If such Advance is a Eurocurrency Rate Advance,
during the Interest Period for such Advance, a rate per annum equal at all times to the lesser of
(i)&nbsp;the Eurocurrency Rate for such Interest Period <U>plus</U> the Applicable Margin <U>plus</U>
(in the case of a Eurocurrency Rate Advance of any Lender which is lent from a Lending Office in
the United Kingdom or a Participating Member State) the Mandatory Cost Rate and (ii)&nbsp;the Maximum
Rate, payable in arrears on the last day of such Interest Period (provided that for Eurocurrency
Rate Advance with six month Interest Periods, accrued but unpaid interest shall also be due on the
day three months from the first day of such
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Interest Period), and on the date such Eurocurrency
Rate Advance shall be paid in full; provided that if any payment of principal on any Advance is not
made when due, such Advances shall bear interest from the date such payment was due until such
Advances are paid in full, payable on demand, at a rate per annum equal at all times to the lesser
of (A)&nbsp;the greater of (1)&nbsp;the Adjusted Prime Rate in effect from time to time <U>plus</U> two
percent (2%) and (2)&nbsp;the rate required to be paid on such Advance immediately prior to the date on
which such amount became due (including the Applicable Margin and any Mandatory Cost Rate)
<U>plus</U> two percent (2%) and (B)&nbsp;the Maximum Rate.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Reserved</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Usury Recapture</U>. As to each Lender, in the event the rate of interest chargeable
under this Agreement or the Notes at any time is greater than the Maximum Rate, the unpaid
principal amount of Obligations owing to such Lender shall bear interest at the Maximum Rate until
the total amount of interest paid or accrued on such Obligations equals the amount of interest
which would have been paid or accrued on such Obligations if the stated rates of interest set forth
in this Agreement had at all times been in effect. In the event, upon payment in full of such
Obligations, the total amount of interest paid or accrued under the terms of this Agreement and the
Notes as to any Lender is less than the total amount of interest which would have been paid or
accrued if the rates of interest set forth in this Agreement had, at all times, been in effect,
then the Borrower shall, to the extent permitted by applicable Legal Requirements, pay the
Administrative Agent for the account of such Lenders an amount equal to the difference between (i)
the lesser of (A)&nbsp;the amount of interest which would have been charged on Obligations owing to such
Lender if the Maximum Rate had, at all times, been in effect and (B)&nbsp;the amount of interest which
would have accrued on such Obligations if the rates of interest set forth in this Agreement had at
all times been in effect and (ii)&nbsp;the amount of interest actually paid or accrued under this
Agreement on such Obligations. In the event any Lender ever receives, collects or applies as
interest any sum in excess of the Maximum Rate, such excess amount shall, to the extent permitted
by law, be applied to the reduction of the principal balance of the Obligations owing to it, and if
no such principal is then outstanding, such excess or part thereof remaining shall be paid to the
Borrower.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Other Amounts Overdue</U>. If any amount payable under this Agreement other than the
Advances is not paid when due and payable, including accrued interest and fees, then such overdue
amount shall accrue interest hereon due and payable on demand at a rate per annum equal to the
lesser of (i)&nbsp;Adjusted Prime Rate <U>plus</U> two percent (2%) and (ii)&nbsp;the Maximum Rate, from the
date such amount became due until the date such amount is paid in full.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.7 <U>Prepayments</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Right to Prepay</U>. The Borrower shall have no right to prepay any principal amount
of any Advance except as provided in this Section&nbsp;2.7.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Optional Prepayments</U>. The Borrower may elect to prepay any of the Advances, after
giving notice thereof to the Administrative Agent and the Lenders by 12:00&nbsp;p.m. (Houston, Texas)
for Advances denominated in Dollars and by 12:00&nbsp;p.m. in the Applicable Time for Advances
denominated in Foreign Currencies and (i)&nbsp;at least three Business Days&#146; prior to the day of
prepayment of any Eurocurrency Rate Advances and (ii)&nbsp;the day prior to the prepayment of any Prime
Rate Advance. Such notice shall be by telephone or telecopier, and if by telephone, confirmed
promptly in writing, and must state the proposed date and aggregate principal amount of such
prepayment, whether such prepayment should be applied to reduce outstanding Revolving Advances, and
if applicable, the relevant Interest Period for the Advances to be prepaid. If any such notice is
given, the Borrower shall prepay Advances comprising part of the same Borrowing in whole or ratably
in part in an aggregate principal
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">amount equal to the amount specified in such notice, and shall
also pay accrued interest to the date of such prepayment on the principal amount prepaid and
amounts, if any, required to be paid pursuant to Section&nbsp;2.8 as a result of such prepayment being
made on such date;<U> provided</U>, <U>however</U>, that (i)&nbsp;each partial prepayment of
Eurocurrency Rate Advances shall be in an aggregate principal amount of not less than $3,000,000
and in integral multiples of $1,000,000 in excess thereof, (ii)&nbsp;each partial prepayment of Prime
Rate Advances shall be in an aggregate principal amount of not less than $500,000 and in integral
multiples of $100,000 in excess thereof, and (iii)&nbsp;any prepayment of an Advance shall be made in
the Designated Currency in which such Advance was funded. Each prepayment pursuant to this Section
2.7(b) shall be accompanied by accrued interest on the amount prepaid to the date of such
prepayment and amounts, if any, required to be paid pursuant to Section&nbsp;2.8 as a result of such
prepayment being made on such date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Ratable Payments.</U> Each payment of any Advance pursuant to this Section&nbsp;2.7 or any
other provision of this Agreement shall be made in a manner such that all Advances comprising part
of the same Borrowing are paid in whole or ratably in part.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Effect of Notice</U>. All notices given pursuant to this Section&nbsp;2.7 shall be
irrevocable and binding upon the Borrower.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.8 <U>Breakage Costs</U>. If (a)&nbsp;any payment of principal of any Eurocurrency Rate
Advance is made other than on the last day of the Interest Period for such Advance as a result of
any payment hereunder or the acceleration of the maturity of the Obligations pursuant to Article
VIII or otherwise; (b)&nbsp;the Borrower fails to borrow, Convert, continue, repay or prepay any
Eurocurrency Rate Advance on the date specified in any notice delivered pursuant hereto (other than
default by a Lender), (c)&nbsp;the Borrower fails to make a principal or interest payment with respect
to any Eurocurrency Rate Advance on the date such payment is due and payable, the Borrower shall,
within 10&nbsp;days of any written demand sent by any Lender to the Borrower (with a copy to the
Administrative Agent), pay to the Administrative Agent for the account of such Lender any amounts
(without duplication of any other amounts payable in respect of breakage costs) required to
compensate such Lender for any additional losses, out-of-pocket costs or expenses which it may
reasonably incur as a result of such payment or nonpayment, including any loss (including loss of
anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of
deposits or other funds acquired by any Lender to fund or maintain such Advance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.9 <U>Increased Costs</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Eurocurrency Rate Advances</U>. If, due to either (i)&nbsp;introduction of or any change
in or in the interpretation of any Legal Requirement (other than any change by way of imposition or
increase of reserve requirements included in the calculation of the Eurocurrency Rate but including
any change or introduction which would result in the failure of the Mandatory Cost Rate, as
calculated hereunder, to represent the cost to any Lender of complying with the requirements of the
Bank of England and/or the Financial Services Authority or the European Central Bank in relation to
its making, funding or maintaining Eurocurrency Rate Advances), or (ii)&nbsp;compliance with any
guideline or request from any central bank or other Governmental Authority (whether or not having
the force of law), a Lender incurs increase cost related to the making or maintaining Eurocurrency
Rate Advances (or maintaining its obligation to make any Eurocurrency Rate Advances), or the amount
of any sum received or receivable by such Lender hereunder is reduced (whether of principal,
interest or any other amount), then the Borrower shall from time to time, upon demand by such
Lender (with a copy of such demand to the Administrative Agent), promptly pay to the Administrative
Agent for the account of such Lender additional amounts (without duplication of any other amounts
payable in respect of increased costs)
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">sufficient to compensate such Lender for such increased cost
or reduction; <U>provided</U>, <U>however</U>, that, before making any such demand, each Lender
agrees to use commercially reasonable efforts (consistent with its internal policy and legal and
regulatory restrictions) to designate a different Lending Office if the making of such a
designation would avoid the need for, or reduce the amount of, such increased cost and would not,
in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender. A
certificate as to the amount of such increased cost and detailing the calculation of such cost
submitted to
the Borrower and the Administrative Agent by such Lender at the time such Lender demands
payment under this Section shall be conclusive and binding for all purposes, absent manifest error.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Capital Adequacy</U>. If any Lender determines in good faith that compliance with any
Legal Requirement or any guideline or request from any central bank or other Governmental Authority
(whether or not having the force of law) implemented or effective after the date of this Agreement
affects or would affect the amount of capital required or expected to be maintained by such Lender
and that the amount of such capital is increased by or based upon the existence of Revolving
Advances made by such Lender, the existence of such Lender&#146;s commitment to lend and other
commitments of this type, then, upon 30&nbsp;days prior written notice by such Lender (with a copy of
any such demand to the Administrative Agent), the Borrower shall promptly pay to the Administrative
Agent for the account of such Lender, as the case may be, from time to time as specified by such
Lender, additional amounts (without duplication of any other amounts payable in respect of
increased costs) sufficient to compensate such Lender, in light of such circumstances, with respect
to such Lender, to the extent that such Lender reasonably determines such increase in capital to be
allocable to the existence of such Lender&#146;s commitment to lend under this Agreement or its having
made Revolving Advances. A certificate as to such amounts and detailing the calculation of such
amounts submitted to the Borrower by such Lender shall be conclusive and binding for all purposes,
absent manifest error.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.10 <U>Payments and Computations</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Payment Procedures</U>. Except if otherwise set forth herein, the Borrower shall make
each payment under this Agreement not later than 1:00 p.m. (Houston, Texas time) for payments due
in Dollars and not later than 1:00 p.m. in the Applicable Time for payments due in Foreign
Currencies, on the day when due in the Designated Currency as to outstanding Advances, and in
Dollars as to all other amounts, to the Administrative Agent at its Lending Office (or such other
location as the Administrative Agent shall designate in writing to the Borrower) in same day funds.
The Administrative Agent will promptly thereafter cause to be distributed like funds relating to
the payment of principal, interest or fees ratably (other than amounts payable solely to the
Administrative Agent or a specific Lender pursuant to Section&nbsp;2.3(c), 2.6(d), 2.6(e), 2.8, 2.9,
2.11, 2.12, 9.4 or 9.7 but after taking into account payments effected pursuant to Section&nbsp;7.6) to
the Lenders in accordance with each Lender&#146;s Pro Rata Share for the account of their respective
Lending Offices, and like funds relating to the payment of any other amount payable to any Lender
to such Lender for the account of its Lending Office, in each case to be applied in accordance with
the terms of this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Computations</U>. All computations of interest based on the Adjusted Prime Rate and
interest on Eurocurrency Rate Advances denominated in Pounds Sterling shall be made by the
Administrative Agent on the basis of a year of 365 or 366&nbsp;days, as the case may be, and all
computations of fees and interest based on the Eurocurrency Rate (other than as set forth above),
Overnight Rate and the Federal Funds Rate shall be made by the Administrative Agent on the basis of
a year of 360&nbsp;days, in each case for the actual number of days (including the first day, but
excluding the last day) occurring in the period for which such interest or fees are payable. Each
determination by the Administrative Agent of an interest rate shall be conclusive and binding for
all purposes, absent manifest error.
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Non-Business Day Payments</U>. Whenever any payment shall be stated to be due on a
day other than a Business Day, such payment shall be made on the next succeeding Business Day, and
such extension of time shall in such case be included in the computation of payment of interest or
fees, as the case may be; <U>provided</U>, however, that if such extension would cause payment of
interest on or
principal of Eurocurrency Rate Advances to be made in the next following calendar month, such
payment shall be made on the next preceding Business Day.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Administrative Agent Reliance</U>. Unless the Administrative Agent shall have
received written notice from the Borrower prior to the date on which any payment is due to the
Lenders that the Borrower will not make such payment in full, the Administrative Agent may assume
that the Borrower has made such payment in full to the Administrative Agent on such date and the
Administrative Agent may, in reliance upon such assumption, cause to be distributed to each Lender
on such date an amount equal to the amount then due such Lender. If and to the extent the Borrower
shall not have so made such payment in full to the Administrative Agent, each Lender shall repay to
the Administrative Agent forthwith on demand such amount distributed to such Lender, together with
interest, for each day from the date such amount is distributed to such Lender until the date such
Lender repays such amount to the Administrative Agent, at the Overnight Rate for such day.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Application of Payments</U>. Whenever any payment received by the Administrative
Agent under this Agreement is insufficient to pay in full all amounts then due and payable under
this Agreement and Notes, such payment shall be distributed and applied by the Administrative Agent
and the Lenders in the following order: <U>first</U>, to the payment of fees and expenses due and
payable to the Administrative Agent under and in connection with this Agreement or any other Credit
Document; <U>second</U>, to the payment of all amount due and payable under Section&nbsp;2.11(c),
ratably among the Lenders in accordance with the aggregate amount of such payments owed to each
such Lender; <U>third</U>, to the payment of all other fees due and payable under Section&nbsp;2.3
ratably among the Lenders in accordance with their applicable Revolving Commitments; and
<U>fifth</U>, to the payment of the interest accrued on and the principal amount of all of the
Advances, regardless of whether any such amount is then due and payable, ratably among the Lenders
in accordance with the aggregate accrued interest plus the aggregate principal amount owed to such
Lender.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.11 <U>Taxes</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>No Deduction for Certain Taxes</U>. Any and all payments by the Borrower shall be
made, in accordance with Section&nbsp;2.10, free and clear of and without deduction for any and all
present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities
with respect thereto, excluding, in the case of each Lender and the Administrative Agent, taxes
imposed on its net income, and franchise taxes imposed on it in lieu thereof, by the jurisdiction
under the laws of which such Lender or the Administrative Agent (as the case may be) is organized
or any political subdivision of the jurisdiction (all such non-excluded taxes, levies, imposts,
deductions, charges, withholdings and liabilities being hereinafter referred to as &#147;<U>Taxes</U>&#148;)
and, in the case of each Lender, Taxes by the jurisdiction of such Lender&#146;s Lending Office or any
political subdivision of such jurisdiction. If the Borrower shall be required by law to deduct any
Taxes from or in respect of any sum payable to any Lender or the Administrative Agent, (i)&nbsp;the sum
payable shall be increased as may be necessary so that, after making all required deductions
(including deductions applicable to additional sums payable under this Section&nbsp;2.11), such Lender
or the Administrative Agent (as the case may be) receives an amount equal to the sum it would have
received had no such deductions been made; <U>provided</U>, however, that if the Borrower&#146;s
obligation to deduct Taxes is caused solely by such Lender&#146;s or the Administrative Agent&#146;s failure
to provide the forms described in paragraph (e)&nbsp;of this Section&nbsp;2.11 and such Lender or the
Administrative Agent could have lawfully provided such forms, no such increase shall be required;
(ii)&nbsp;the Borrower
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">shall make such deductions; and (iii)&nbsp;the Borrower shall pay the full amount
deducted to the relevant taxation authority or other authority in accordance with applicable Legal
Requirements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Other Taxes</U>. In addition, the Borrower agrees to pay any present or future stamp
or documentary taxes or any other excise or property taxes, charges or similar levies which arise
from any payment made or from the execution, delivery or registration of, or otherwise with respect
to, this Agreement or the other Credit Documents (hereinafter referred to as &#147;<U>Other
Taxes</U>&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Indemnification</U>. The Borrower hereby indemnifies each Lender and the
Administrative Agent for the full amount of Taxes or Other Taxes (including any Taxes or Other
Taxes imposed by any jurisdiction on amounts payable under this Section&nbsp;2.11) paid by such Lender
or the Administrative Agent (as the case may be) and any liability (including interest and
expenses) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were
correctly or legally asserted. Each payment required to be made by the Borrower in respect of this
indemnification shall be made to the Administrative Agent for the benefit of any party claiming
such indemnification within 30&nbsp;days from the date the Borrower receives written demand detailing
the calculation of such amounts therefor from the Administrative Agent or any such Lender (with a
copy of such demand to the Administrative Agent).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Evidence of Tax Payments</U>. The Borrower will pay prior to delinquency all Taxes
payable in respect of any payment. Within 30&nbsp;days after the date of any payment of Taxes, the
Borrower will furnish to the Administrative Agent, at its address referred to in Section&nbsp;9.2, the
original or a certified copy of a receipt evidencing payment of such Taxes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Status of Lenders</U>.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any Foreign Lender that is entitled to an exemption from or reduction of
withholding tax under the law of the jurisdiction in which the Borrower is resident for tax
purposes, or any treaty to which such jurisdiction is a party, with respect to payments
hereunder or under any other Credit Document shall deliver to the Borrower (with a copy to
the Administrative Agent), at the time or times prescribed by Legal Requirements applicable
to such Lender or as reasonably requested by the Borrower or the Administrative Agent, such
properly completed and executed documentation prescribed by Legal Requirements which such
Lender is lawfully permitted to deliver as will permit such payments to be made without
withholding or at a reduced rate of withholding. In addition, any Lender, if requested by
the Borrower or Administrative Agent, shall deliver such other documentation prescribed by
applicable law or reasonably requested by the Borrower or the Administrative Agent as will
enable the Borrower or the Administrative Agent to determine whether or not such Lender is
subject to backup withholding or information reporting requirements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Without limiting the generality of the foregoing, in the event that the Borrower
is resident for tax purposes in the United States, any Foreign Lender shall deliver to
Borrower and the Administrative Agent (in such number of copies as shall be requested by the
recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this
Agreement (and from time to time thereafter promptly following the request of the Borrower
or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so),
whichever of the following is applicable:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(A)&nbsp;duly completed copies of Internal Revenue Service Form W-8BEN claiming
eligibility for benefits of an income tax treaty to which the United States is a
party,
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(B)&nbsp;duly completed copies of Internal Revenue Service Form W-8ECI,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(C)&nbsp;in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under section 881(c) of the Code, (x)&nbsp;a certificate to the effect
that such Foreign Lender is not (A)&nbsp;a &#147;bank&#148; within the meaning of section
881(c)(3)(A) of the Code, (B)&nbsp;a &#147;10&nbsp;percent shareholder&#148; of the applicable Borrower
within the meaning of section 881(c)(3)(B) of the Code, or (C)&nbsp;a &#147;controlled foreign
corporation&#148; described in section 881(c)(3)(C) of the Code and (y)&nbsp;duly completed
copies of Internal Revenue Service Form W-8BEN, or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(D)&nbsp;any other form prescribed by applicable law as a basis for claiming exemption
from or a reduction in United States Federal withholding tax duly completed together
with such supplementary documentation as may be prescribed by applicable law to
permit the Borrower to determine the withholding or deduction required to be made.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Without limiting the obligations of the Lenders set forth above regarding
delivery of certain forms and documents to establish each Lender&#146;s status for U.S.
withholding tax purposes, each Lender agrees promptly to deliver to the Administrative Agent
or the Borrower, as the Administrative Agent or the Borrower shall reasonably request, on or
prior to the Closing Date, and in a timely fashion thereafter following such reasonable
request therefor, such other documents and forms required by any relevant taxing authorities
under the Legal Requirements of any other jurisdiction, duly executed and completed by such
Lender, as are required under such Legal Requirements to confirm such Lender&#146;s entitlement
to any available exemption from, or reduction of, applicable withholding taxes in respect of
all payments to be made to such Lender outside of the United States by the Borrower pursuant
to this Agreement or otherwise to establish such Lender&#146;s status for withholding tax
purposes in such other jurisdiction. Each Lender shall promptly notify the Administrative
Agent of any change in circumstances which would modify or render invalid any such claimed
exemption or reduction. Additionally, the Borrower shall promptly deliver to the
Administrative Agent or any Lender, as the Administrative Agent or such Lender shall
reasonably request, on or prior to the Closing Date, and in a timely fashion thereafter,
such documents and forms required by any relevant taxing authorities under the Legal
Requirements of any jurisdiction, duly executed and completed by the Borrower, as are
required to be furnished by such Lender or the Administrative Agent under such Legal
Requirements in connection with any payment by the Administrative Agent or any Lender of
Taxes or Other Taxes, or otherwise in connection with the Credit Documents, with respect to
such jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Treatment of Certain Refunds</U>. If the Administrative Agent or any Lender
determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to
which it has been indemnified by the Borrower or with respect to which the Borrower has paid
additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such
refund (but only to the extent of indemnity payments made, or additional amounts paid, by the
Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund),
net of all out-of-pocket expenses of the Administrative Agent or such Lender, as the case may be,
and without interest (other than any interest paid by the relevant Governmental Authority with
respect to such refund), provided that the Borrower, upon the request of the Administrative Agent
or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest
or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or
such Lender in the event the Administrative Agent or such Lender is required to repay such refund
to such Governmental Authority. This paragraph shall not be construed to
require the Administrative Agent or any Lender to make available its tax returns (or any other
information relating to its taxes that it deems confidential) to the Borrower or any other Person.
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Mitigation</U>. Each Lender agrees to use commercially reasonable efforts (consistent
with its internal policies and legal and regulatory restrictions) to select a jurisdiction for its
Lending Office or change the jurisdiction of its Lending Office, as the case may be, so as to avoid
the imposition of any Taxes or Other Taxes or to eliminate or reduce the payment of any additional
sums under this Section&nbsp;2.11 or to eliminate or reduce the payment of interest due to it which is
based on the Mandatory Cost Rate; <U>provided</U>, that no such selection or change of
jurisdiction for its Lending Office shall be made if, in the reasonable judgment of such Lender,
such selection or change would be disadvantageous to such Lender.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.12 <U>Illegality</U>. If any Lender shall notify the Administrative Agent and the
Borrower that the introduction of or any change in or in the interpretation of any Legal
Requirement makes it unlawful, or that any central bank or other Governmental Authority asserts
that it is unlawful for such Lender or its Lending Office to perform its obligations under this
Agreement to maintain any Eurocurrency Rate Advances of such Lender then outstanding hereunder or
any Governmental Authority has imposed material restrictions on the authority of such Lender to
purchase or sell, or take deposits of, Dollars or any Foreign Currency in the applicable interbank
market, then, notwithstanding anything herein to the contrary, the Borrower shall, if demanded by
such Lender in its notice, no later than 12:00&nbsp;p.m. (Houston, Texas time), (a)&nbsp;if not prohibited by
any Legal Requirement to maintain such Eurocurrency Rate Advances for the duration of the Interest
Period, on the last day of the Interest Period for each outstanding Eurocurrency Rate Advance of
such Lender or (b)&nbsp;if prohibited by any Legal Requirement to maintain such Eurocurrency Rate
Advances for the duration of the Interest Period, on the second Business Day following its receipt
of such notice from such Lender, then (i)&nbsp;with respect to Revolving Advances denominated in a
Foreign Currency, prepay such Eurocurrency Rate Advances of such Lender then outstanding and which
are denominated in such affected currency or currencies together with all accrued interest on the
amount so prepaid, and amounts, if any, required to be paid pursuant to Section&nbsp;2.8 as a result of
such prepayment being made on such date, and (ii)&nbsp;with respect to Revolving Advances denominated in
Dollars, Convert all such Eurocurrency Rate Advances of such Lender then outstanding to Prime Rate
Advances and pay accrued interest on the principal amount Converted to the date of such Conversion
and amounts, if any, required to be paid pursuant to Section&nbsp;2.8 as a result of such Conversion
being made on such date. Each Lender agrees to use commercially reasonable efforts (consistent
with its internal policies and legal and regulatory restrictions) to designate a different Lending
Office if the making of such designation would avoid the effect of this paragraph and would not, in
the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.13 <U>Reserved</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.14 <U>Sharing of Payments, Etc</U>. If any Lender shall obtain any payment
(whether voluntary, involuntary, through the exercise of any right of set-off or otherwise) on
account of its Advances in excess of its Pro Rata Share of payments on account of the Advances
obtained by all the Lenders, then such Lender shall notify the Administrative Agent and the other
Lenders and forthwith purchase from the other Lenders, such participations in the Advances made by
them as shall be necessary to cause such purchasing Lender to share the excess payment ratably in
accordance with the requirements of this Agreement with each of them; <U>provided</U>, however,
that if all or any portion of such excess payment is thereafter recovered from such purchasing
Lender, such purchase from each Lender shall be rescinded and such Lender shall repay to the
purchasing Lender the purchase price to the extent of such Lender&#146;s ratable share (according to the
proportion of (a)&nbsp;the amount of the participation sold by such Lender to the
purchasing Lender as a result of such excess payment to (b)&nbsp;the total amount of such excess
payment) of such recovery, together with an amount equal to such Lender&#146;s ratable share (according
to the proportion of (i)&nbsp;the amount of such Lender&#146;s required repayment to the purchasing Lender to
(ii)&nbsp;the total amount of all such required repayments to the purchasing Lender) of any interest or
other amount paid or payable by
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the purchasing Lender in respect of the total amount so recovered.
The Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to
this Section&nbsp;2.14 may, to the fullest extent permitted by law, unless and until rescinded as
provided above, exercise all its rights of payment (including the right of set-off) with respect to
such participation as fully as if such Lender were the direct creditor of the Borrower in the
amount of such participation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.15 <u>Reserved.</u>

Section&nbsp;2.16 <u>Lender Replacement.</u>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Right to Replace</U>. The Borrower shall have the right to replace each Lender
affected by a condition under Section&nbsp;2.2(c)(v), 2.2(c)(viii), 2.9, 2.11 or 2.12 for more than 30
days, each Lender that is a Non-Consenting Lender under Section&nbsp;2.19, and each Lender that is due
interest based on the Mandatory Cost Rate (each such affected Lender, an &#147;<U>Affected Lender</U>&#148;)
in accordance with the procedures in this Section&nbsp;2.16 and provided that no reduction of the total
Revolving Commitments occurs as a result thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>First Right of Refusal; Replacement</U>.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Upon the occurrence of any condition permitting the replacement of a Lender, each
Lender which is not an Affected Lender shall have the right, but not the obligation, to
elect to increase its respective Revolving Commitment by an amount not to exceed the amount
of the Revolving Commitments of the Affected Lenders, which election shall be made by
written notice from each such Lender to the Administrative Agent and the Borrower given
within 30&nbsp;days after the date such condition occurs specifying the amount of such proposed
increase in such Lender&#146;s Revolving Commitment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If the aggregate amount of the proposed increases in Revolving Commitments of all
such Lenders making such an election is in excess of the Revolving Commitments of the
Affected Lenders, (A)&nbsp;the Revolving Commitments of the Affected Lenders shall be allocated
pro rata among such Lenders based on the respective amounts of the proposed increases to
Revolving Commitments elected by each of such Lenders, and (B)&nbsp;the respective commitments of
such Lenders shall be increased by the respective amounts as so allocated so that after
giving effect to such termination and increases the aggregate amount of the Revolving
Commitments of the Lenders will be the same as prior to such termination.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) If the aggregate amount of the proposed increases to Revolving Commitments of all
Lenders making such an election is less than the Revolving Commitments of the Affected
Lenders, (A)&nbsp;the respective Revolving Commitments of such Lenders shall be increased by the
respective amounts of their proposed increases, and (B)&nbsp;the Borrower shall add additional
Lenders which are Eligible Assignees to this Agreement to replace such Affected Lenders,
which additional Lenders would have aggregate Revolving Commitments no greater than those of
the Affected Lenders minus the amounts thereof assumed by the other Lenders pursuant to such
increases.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Procedure</U>. Any assumptions of Revolving Commitments pursuant to this Section&nbsp;2.16
shall be made by the purchasing Lender or Eligible Assignee and the selling Lender by entering into
an Assignment and Assumption and by following the procedures in Section&nbsp;9.6 for adding a Lender.
In connection with the increase of the Revolving Commitments of any Lender pursuant to the
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">foregoing paragraph (b), each Lender with an increased Revolving Commitment shall purchase from the
Affected Lenders at par such Lender&#146;s ratable share of the outstanding Advances of the Affected
Lenders.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.17 <U>Currency Fluctuations and Mandatory Prepayments</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Not later than 1:00 p.m., Houston, Texas time, on each Computation Date, the
Administrative Agent shall determine the Exchange Rate as of such Computation Date and give notice
thereof to the Borrower and each Lender. The Exchange Rate so determined shall become effective on
the first Business Day after such Computation Date and shall remain effective through the next
succeeding Computation Date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;If, on any Computation Date, the Dollar Amount of the aggregate outstanding principal
amount of Revolving Advances exceeds an amount equal to 102% of the aggregate Revolving Commitments
then in effect, then the Administrative Agent shall give notice thereof to the Borrower and the
Lenders, and the Borrower shall within five (5)&nbsp;Business Days thereafter prepay Advances such that
after giving effect to such prepayment of Advances, the Dollar Amount of the aggregate outstanding
principal amount of Revolving Advances does not exceed the aggregate Revolving Commitments then in
effect.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;If any currency shall cease to be an Agreed Currency as provided in the last sentence of
the definition of &#147;Agreed Currency&#148;, then promptly, but in any event within five (5)&nbsp;Business Days
of receipt of the notice from the Administrative Agent provided for in such sentence, the Borrower
shall repay all Advances funded and denominated in such affected currency or Convert such Advances
into Advances in Dollars or another Agreed Currency, subject to the other terms set forth in
Article&nbsp;II.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Each prepayment pursuant to this Section&nbsp;2.17 shall be accompanied by accrued interest on
the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant
to Section&nbsp;2.8 as a result of such prepayment being made on such date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Each payment of any Advance pursuant to this Section&nbsp;2.17 or any other provision of this
Agreement shall be made in a manner such that all Advances comprising part of the same Borrowing
are paid in whole or ratably in part and each payment of an Advance shall be made in the Designated
Currency in which such Advance was funded.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.18 <U>Market Disruption</U>. Notwithstanding the satisfaction of all conditions
referred to herein with respect to any proposed Borrowing consisting of Eurocurrency Advances
denominated in any Foreign Currencies, if there shall occur on or prior to the date of such
Borrowing any change in national or international financial, political or economic conditions or
currency exchange rates or exchange controls which would in the reasonable opinion of the
Administrative Agent or the Majority Lenders, make it impracticable for such Borrowing to be
denominated in the Agreed Currency designated by the Borrower, then the Administrative Agent shall
forthwith give notice thereof to the Borrower and the Lenders, and such Advances shall not
thereafter be denominated and funded in such Agreed Currency but shall, except as otherwise set
forth in Article&nbsp;II, be made on such date in Dollars, in an aggregate principal amount equal to the
Dollar Amount of the aggregate principal amount specified in the related Notice of
Borrowing, as the case may be, as Prime Rate Advances to the Borrower, unless the Borrower
notifies the Administrative Agent at least one Business Day before such date that it elects not to
borrow on such date.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.19 <U>Extension of Maturity Date</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Not earlier than 45&nbsp;days prior to the Maturity Date, then in effect, nor later than 30
days prior to the Maturity Date, then in effect, the Borrower may, upon notice to the
Administrative Agent (which shall promptly notify the Lenders), request a one year extension of the
Maturity Date then in effect (the &#147;<U>Present Maturity Date</U>&#148;). This option may be exercised
only once. No earlier than 30&nbsp;days prior to the Present Maturity Date but no later than 15&nbsp;days
prior to the Present Maturity Date, each Lender shall notify the Administrative Agent whether or
not it consents to such extension (which consent may be given or withheld in such Lender&#146;s sole and
absolute discretion). Any Lender not responding within the above time period shall be deemed not
to have consented to such extension. The Administrative Agent shall promptly notify the Borrower
and the Lenders of the Lenders&#146; responses.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Maturity Date shall be extended only if the Majority Lenders have consented thereto
(the &#147;<U>Consenting Lenders</U>&#148;) and only if the Revolving Commitments of the Consenting Lenders
are at least equal to the outstanding principal amount of all Revolving Advances, after giving
effect to the prepayment of Revolving Advances to Non-Consenting Lenders. If so extended, the
Maturity Date, as to the Consenting Lenders, shall be extended to the same date in the following
year, effective as of the Maturity Date then in effect (such extended Maturity Date being the
&#147;<U>Extension Maturity Date</U>&#148;). All non consenting Lenders (&#147;<U>Non-Consenting Lenders</U>&#148;)
shall continue to be subject to the Maturity Date in effect prior to the effectiveness of the
Extension Maturity Date (such existing Maturity Date being the &#147;<U>Present Maturity Date</U>&#148;).
The Administrative Agent and the Borrower shall promptly confirm to the Lenders such extension and
the Extension Maturity Date. As a condition precedent to such extension, the Borrower shall pay or
prepay all Advances, interest thereon and all other amounts due each Non-Consenting Lender on or
before the Present Maturity Date, and shall deliver to the Administrative Agent a certificate of
the Borrower (in sufficient copies for each Lender) signed by a Responsible Officer of the Borrower
(i)&nbsp;certifying and attaching the resolutions adopted by the Borrower approving or consenting to
such extension and (ii)&nbsp;certifying that, before and after giving effect to such extension, (A)&nbsp;the
representations and warranties contained in Article&nbsp;IV and the other Credit Documents are true and
correct in all material respects, except to the extent that such representations and warranties
expressly relate solely to an earlier date, in which case they shall have been true and correct in
all material respects as of such earlier date, and except that for purposes of this Section&nbsp;2.19,
the representations and warranties contained in Section&nbsp;4.6 shall be deemed to refer to the most
recent statements furnished pursuant to subsection (b)&nbsp;of Section&nbsp;5.6, and (B)&nbsp;no Default exists.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;This Section shall supersede any provisions in Section&nbsp;2.14 or 9.1 to the contrary.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The Borrower shall prepay any Advances outstanding on the Present Maturity Date (and pay
any additional amounts required pursuant to Section&nbsp;2.8) or borrow additional amounts to the extent
necessary to keep outstanding Revolving Advances ratable with any revised and new Revolving
Commitment of all Consenting Lenders effective as of the Present Maturity Date.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE III<BR>
CONDITIONS OF LENDING</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.1 <U>Conditions Precedent to Initial Borrowings</U>. The obligations of each
Lender to make the initial Advance shall be subject to the conditions precedent that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Documentation</U>. The Administrative Agent shall have received the following duly
executed by all the parties thereto, in form and substance satisfactory to the Administrative
Agent, and in sufficient copies for each Lender:
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) this Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Notes (to the extent requested by any Lender under Section&nbsp;2.2(g));
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a certificate from a Responsible Officer of the Borrower dated as of the Closing
Date stating that as of the Closing Date (A)&nbsp;all representations and warranties of the
Borrower set forth in this Agreement and the Credit Documents to which it is a party are
true and correct in all material respects; (B)&nbsp;no Default or Event of Default has occurred
and is continuing; and (C)&nbsp;the conditions in this Section&nbsp;3.1 have been met;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) a certificate of the Secretary or an Assistant Secretary of the Borrower dated as
of the date of this Agreement certifying as of the date of this Agreement (A)&nbsp;copies of the
articles or certificate of incorporation and bylaws or other organizational documents of the
Borrower, together with all amendments thereto, (B)&nbsp;resolutions of the Board of Directors of
such Person with respect to the transactions herein contemplated, and (C)&nbsp;the names and true
signatures of officers of the Borrower authorized to sign the Credit Documents to which the
Borrower is a party (including Notices of Borrowing).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) certificate of good standing and existence for the Borrower certified by the
appropriate governmental officer in its jurisdiction of formation;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) a favorable opinion of each of (A)&nbsp;Haynes and Boone, LLP, counsel to the Borrower,
and (B)&nbsp;Dwight Rettig, general counsel of the Borrower, each dated as of the Closing Date
and in form and substance satisfactory to the Administrative Agent; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) such other documents, governmental certificates, and agreements as the
Administrative Agent may reasonably request.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Representations and Warranties</U>. The representations and warranties contained in
this Agreement and each other Credit Document shall be true and correct in all material respects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Fees</U>. (i)&nbsp;All fees, costs, and expenses of Wells Fargo and its affiliates for
which invoices have been presented (including legal fees and expenses of counsel to the
Administrative Agent) to be paid on the Closing Date shall have been paid. (ii)&nbsp;The Borrower shall
have paid to Wells Fargo the fees agreed to pursuant to the terms of the Agent&#146;s Fee Letter.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Termination of Existing Credit Agreements</U>. The Administrative Agent shall have
received sufficient evidence indicating that contemporaneously with the execution and closing of
this Agreement all obligations of the Borrower to the lenders and agents under the Existing
Credit Agreements shall have been paid in full (other than with respect to the letters of credit
issued thereunder which, on the Closing Date, will constitute letters of credit issued under the
5-Year Credit Agreement) and the Existing Credit Agreements shall be terminated (excluding any
obligations which expressly survive the repayment of the amounts owing under the Existing Credit
Agreements).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>5-Year Credit Agreement; Consummation of the Merger</U>. The Administrative Agent
shall have received sufficient evidence indicating that contemporaneously with the execution and
closing of this Agreement and the funding of the initial Advances hereunder (i)&nbsp;the 5-Year Credit
Agreement shall have been executed and entered into by the parties thereto and all conditions
precedent to the making of advances thereunder have been met (other than the closing of this
Agreement), and (ii)&nbsp;all actions necessary to consummate the Merger shall have been taken in
accordance with Legal
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Requirements and in accordance with the terms of the Merger Documents,
without amendment or waiver of any material provision thereof from the forms of such documents
provided to and reviewed by the Administrative Agent (except as consented to by the Administrative
Agent which consent shall not be unreasonably withheld or delayed) and all applicable waiting
periods have expired.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Termination of Bridge Facilities</U>. The Administrative Agent shall have received
sufficient evidence indicating that contemporaneously with the execution and closing of this
Agreement all bridge credit facilities or other financial accommodations made or agreed to be made
by Wells Fargo Bank, N.A. as a lender or administrative agent and related to the Merger (but not
including under this Agreement) shall have been terminated.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.2 <U>Conditions Precedent for each Borrowing</U>. The obligation of each Lender to
fund an Advance on the occasion of each Borrowing (other than the Conversion or continuation of any
existing Borrowing) shall be subject to the further conditions precedent that on the date of such
Borrowing the following statements shall be true (and each of the giving of the applicable Notice
of Borrowing and the acceptance by the Borrower of the proceeds of such Borrowing shall constitute
a representation and warranty by the Borrower that on the date of such Borrowing such statements
are true):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the representations and warranties contained in this Agreement (other than the
representation and warranty made under Section&nbsp;4.15(b)) and each of the other Credit Documents are
true and correct in all material respects on and as of the date of such Borrowing, before and after
giving effect to such Borrowing and to the application of the proceeds from such Borrowing, as
though made on and as of such date, except to the extent that any such representation or warranty
expressly relates solely to an earlier date, in which case it shall have been true and correct in
all material respects as of such earlier date; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;no Default has occurred and is continuing or would result from such Borrowing or from the
application of the proceeds therefrom.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.3 <U>Additional Condition Precedent for Initial Borrowing through Authorized
Agents</U>. The obligation of the Lenders to provide the first Borrowing, Conversion or
continuation of an existing Borrowing, that is requested by the Borrower through an Authorized
Agent (&#147;<U>First Authorized Agent Request</U>&#148;), shall be subject to the further condition
precedent that on or prior to the date of the First Authorized Agent Request, the Administrative
Agent shall have received from the Borrower a secretary&#146;s certificate (a)&nbsp;confirming that the
resolutions of the Board of Directors of the Borrower delivered in satisfaction of Section
3.1(a)(iv) are still in full force and effect, and have not been amended or revised,
(b)&nbsp;attaching a true and correct copy of the instrument or agreement whereby such officer, or
if appropriate, the director of the applicable Subsidiary of the Borrower was appointed by a
Responsible Officer of the Borrower as an &#147;Authorized Agent&#148; and verifying the incumbency of such
Responsible Officer, and (c)&nbsp;attaching a true and correct copy of an officer&#146;s, or if appropriate,
a director&#146;s certificate of the relevant Subsidiary attesting to the incumbency of the Person so
designated as the Authorized Agent (which shall include a specimen signature of such Person and
show that such Person holds one of the offices specified in the Board Resolutions of the Borrower
confirmed in clause (a).
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE IV<BR>
REPRESENTATIONS AND WARRANTIES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower represents and warrants as follows:
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.1 <U>Corporate Existence; Subsidiaries</U>. Each of the Borrower and its
Subsidiaries is a corporation, partnership or limited liability company duly organized, validly
existing, and in good standing under the laws of the jurisdiction of its formation and in good
standing and qualified to do business in each jurisdiction where its ownership or lease of property
or conduct of its business requires such qualification and where a failure to be qualified or to be
in good standing could reasonably be expected to have a Material Adverse Effect. As of December
31, 2007 and after giving pro forma effect to the Merger, the Borrower has no Subsidiaries other
than (a)&nbsp;the Subsidiaries of Grant Prideco, Inc. listed in an exhibit to the Form 10-K filed by
Grant Prideco, Inc on February&nbsp;29, 2008 with the SEC for the fiscal year ended December&nbsp;31, 2007
and (b)&nbsp;the Subsidiaries of the Borrower listed in an exhibit to the Form 10-K filed by the
Borrower on February&nbsp;29, 2008 with the SEC for the fiscal year ended December&nbsp;31, 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.2 <U>Authorization and Validity</U>. The execution, delivery, and performance by
the Borrower of the Credit Documents to which it is a party and the consummation of the
transactions contemplated hereby and thereby (a)&nbsp;are within the Borrower&#146;s power and authority, and
(b)&nbsp;have been duly authorized by all necessary corporate action.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.3 <U>Corporate Power</U>. The execution, delivery, and performance by the Borrower
of the Credit Documents to which it is a party and the consummation of the transactions
contemplated hereby and thereby (a)&nbsp;do not contravene (i)&nbsp;the Borrower&#146;s articles or certificate of
incorporation, bylaws or other organizational documents or (ii)&nbsp;any Legal Requirement or any
contractual restriction binding on or affecting the Borrower or its Property, the contravention of
which could reasonably be expected to have a Material Adverse Effect, and (b)&nbsp;will not result in or
require the creation or imposition of any Lien prohibited by this Agreement. At the time of each
Borrowing, such Borrowing (including any requested by an Authorized Agent on behalf of the
Borrower) and the use of the proceeds of such Borrowing will be within the Borrower&#146;s corporate
powers, will have been duly authorized by all necessary corporate action, (A)&nbsp;will not contravene
(1)&nbsp;the Borrower&#146;s certificate or articles of incorporation or bylaws or (2)&nbsp;any Legal Requirement
or contractual restriction binding on or affecting the Borrower, the contravention of which could
reasonably be expected to have a Material Adverse Effect, and (B)&nbsp;will not result in or require the
creation or imposition of any Lien prohibited by this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.4 <U>Authorization and Approvals</U>. No authorization or approval or other action
by, and no notice to or filing with, any Governmental Authority is required for the due execution,
delivery and performance by the Borrower of the Credit Documents to which it is a party or the
consummation of the transactions contemplated thereby. At the time of each Borrowing, no
authorization or approval or
other action by, and no notice to or filing with, any Governmental Authority will be required
for such Borrowing or the use of the proceeds of such Borrowing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.5 <U>Enforceable Obligations</U>. This Agreement, the Notes, and the other Credit
Documents to which the Borrower is a party have been duly executed and delivered by the Borrower.
Each Credit Document is the legal, valid, and binding obligation of the Borrower, enforceable
against the Borrower in accordance with its terms, except as such enforceability may be limited by
any applicable bankruptcy, insolvency, reorganization, moratorium, or similar law affecting
creditors&#146; rights generally and by general principles of equity (whether considered in proceeding
at law or in equity).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.6 <U>Financial Statements</U>. The audited Consolidated balance sheet and related
Consolidated statements of operations, shareholders&#146; equity and cash flows, of the Borrower and its
consolidated Subsidiaries set forth in the Form 10-K filed by the Borrower on February&nbsp;29, 2008
with the SEC for the fiscal year ended December&nbsp;31, 2007, fairly present in all material respects
the Consolidated financial condition of the Borrower and its consolidated Subsidiaries as at such
date and the results of the operations of the Borrower and its consolidated Subsidiaries for the
year ended on such date, and such
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">balance sheet and statements were prepared in accordance with
GAAP. The audited Consolidated balance sheet and related Consolidated statements of operations,
shareholders&#146; equity and cash flows, of Grant Prideco, Inc. and its consolidated Subsidiaries set
forth in the Form 10-K filed by Grant Prideco, Inc. on February&nbsp;29, 2008 with the SEC for the
fiscal year ended December&nbsp;31, 2007, fairly present in all material respects the Consolidated
financial condition of Grant Prideco, Inc. and its consolidated Subsidiaries as at such date and
the results of the operations of Grant Prideco, Inc. and its consolidated Subsidiaries for the year
ended on such date, and such balance sheet and statements were prepared in accordance with GAAP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.7 <U>True and Complete Disclosure</U>. No information, exhibit, report,
representation, warranty, or other statement furnished or made by the Borrower or any Subsidiary
(or on behalf of the Borrower or any Subsidiary) to the Administrative Agent or any Lender in
connection with the negotiation of, or compliance with, this Agreement or any other Credit Document
contains any untrue statement of a material fact or omits to state any material fact necessary to
make the statements contained therein not misleading in any material respect in light of the
circumstances in which they were made as of the date of this Agreement. All projections,
estimates, and pro forma financial information furnished by the Borrower or on behalf of the
Borrower were prepared on the basis of assumptions, data, information, tests, or conditions
believed to be reasonable at the time such projections, estimates, and pro forma financial
information were furnished.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.8 <U>Litigation</U>. There is no pending or, to the knowledge of any of their
executive officers, threatened, litigation, arbitration, governmental investigation, inquiry,
action or proceeding affecting the Borrower or any of its Subsidiaries before any court,
Governmental Authority or arbitrator, which could reasonably be expected to have a Material Adverse
Effect or which purports to affect the legality, validity, binding effect or enforceability of this
Agreement, any Note, or any other Credit Document.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.9 <U>Use of Proceeds</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Advances</U>. The proceeds of the Advances will be used by the Borrower (i)&nbsp;to fund
the consideration for the Merger, (ii)&nbsp;refinance existing Indebtedness, (iii)&nbsp;for working capital
and general corporate purposes of the Borrower and its Subsidiaries, and (iv)&nbsp;to support commercial
paper issued by the Borrower.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Regulations</U>. Neither the Borrower nor any of its Subsidiaries has taken any
action that could result in a violation by the Administrative Agent or any Lender in connection
with or relating to this Agreement or any other Credit Document and the advances and other
transactions contemplated hereby and thereby, of Regulations T, U, or X of the Federal Reserve
Board, as the same is in effect from time to time, and all official rulings and interpretations
thereunder or thereof. The Borrower is not engaged and will not engage, principally or as one of
its important activities, in the business of purchasing or carrying margin stock (within the
meaning of Regulation&nbsp;U issued by the Federal Reserve Board), or extending credit for the purpose
of purchasing or carrying margin stock. Following the application of the proceeds of each
Borrowing or drawing under each Letter of Credit, not more than 25% of the value of the assets
(either of the Borrower only or of the Borrower and its Subsidiaries on a consolidated basis)
subject to the provisions of Section&nbsp;6.1 or Section&nbsp;6.5 or subject to any restriction contained in
any agreement or instrument between the Borrower and any Lender or any Affiliate of any Lender
relating to Indebtedness and within the scope of Section&nbsp;7.1(d) will be margin stock.
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.10 <U>Investment Company Act</U>. Neither the Borrower nor any of its Subsidiaries
is an &#147;investment company&#148; or a company &#147;controlled&#148; by an &#147;investment company&#148; within the meaning
of the Investment Company Act of 1940, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.11 <U>Taxes</U>. All federal, state, local and foreign tax returns, reports and
statements required to be filed (after giving effect to any extension granted in the time for
filing) by the Borrower, its Subsidiaries or any member of the Controlled Group (hereafter
collectively called the &#147;<U>Tax Group</U>&#148;) have been filed with the appropriate Governmental
Authorities in all jurisdictions in which such returns, reports and statements are required to be
filed, except (a)&nbsp;where contested in good faith and by appropriate proceedings or (b)&nbsp;where the
non-filing thereof could not reasonably be expected to result in a Material Adverse Effect. All
taxes and other impositions due and payable by the Tax Group have been timely paid prior to the
date on which any fine, penalty, interest, late charge or loss may be added thereto for non-payment
thereof except (i)&nbsp;where contested in good faith and by appropriate proceedings and as to which
adequate reserves have been established or (ii)&nbsp;where the non-payment thereof could not reasonably
be expected to result in a Material Adverse Effect. Neither the Borrower nor any member of the Tax
Group has given, or been requested to give, a waiver of the statute of limitations relating to the
payment of any federal, state, local or foreign taxes or other impositions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.12 <U>Pension Plans</U>. No Termination Event or Reportable Event has occurred
with respect to any Plan that would result in an Event of Default under Section&nbsp;7.1(g) or that
could reasonably be expected to result in a Material Adverse Effect, and, except for matters that
could not reasonably be expected to result in a Material Adverse Effect, each Plan has complied
with and been administered in all material respects in accordance with applicable provisions of
ERISA and the Code. No &#147;accumulated funding deficiency&#148; (as defined in Section&nbsp;302 of ERISA) has
occurred and there has been no excise tax imposed under Section&nbsp;4971 of the Code except for the
occurrence of such funding deficiency or the imposition of such taxes that could not reasonably be
expected to result in a Material Adverse Effect. Neither the Borrower nor any member of the
Controlled Group has had a complete or partial withdrawal from any Multiemployer Plan for which
there is any withdrawal liability that could reasonably be expected to result in a Material Adverse
Effect or an Event of Default under Section&nbsp;7.1(g). Except for matters that could not reasonably
result in a Material Adverse Effect, as of the most recent valuation date applicable thereto,
neither the Borrower nor any member of the Controlled Group would become subject to any liability
under ERISA if the Borrower or any Subsidiary of the Borrower has received notice that any
Multiemployer Plan is insolvent or in reorganization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.13 <U>Condition of Property; Casualties</U>. The Borrower and its Subsidiaries
will have good title, free of all Liens other than Permitted Liens, to all of material Property and
assets reflected in the Borrower&#146;s recent Consolidated financial statements provided to
Administrative Agent and the Lenders as owned by the Borrower and its Subsidiaries. All Properties
used or to be used in the continuing operations of the Borrower and each of its Subsidiaries, are
and will continue to be in good repair, working order and condition, normal wear and tear excepted
except to the extent that could not reasonably be expected to result in a Material Adverse Effect.
Since December&nbsp;31, 2007, neither the business nor the Properties of the Borrower and its
Subsidiaries, taken as a whole, has been affected so to have a Material Adverse Effect, as a result
of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor
disturbance, embargo, requisition or taking of property or cancellation of contracts, permits or
concessions by a Governmental Authority, riot, activities of armed forces or acts of God or of any
public enemy.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.14 <U>Insurance</U>. The Borrower and each of its Subsidiaries carry insurance
with reputable insurers in respect of such of their respective Properties, in such amounts and
against such risks as is customarily maintained by other Persons of similar size engaged in similar
businesses or, self-insure to the extent that is customary for Persons of similar size engaged in
similar businesses.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.15 <U>No Defaults; No Material Adverse Effect</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;No Default or Event of Default has occurred and is continuing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;No Material Adverse Effect has occurred since December&nbsp;31, 2007.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.16 <U>Permits, Licenses, etc</U>. The Borrower and its Subsidiaries possess all
certificates of public convenience, authorizations, permits, licenses, patents, patent rights or
licenses, trademarks, trademark rights, trade names rights and copyrights which are material to the
conduct of its business except where the failure to so possess could not reasonably be expected to
result in a Material Adverse Effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.17 <U>Compliance with Laws</U>. The Borrower and its Subsidiaries have complied
with all applicable Legal Requirements having jurisdiction over the conduct of their respective
businesses or the ownership of their respective Property except for any failure to comply which
could not reasonably be expected to have a Material Adverse Effect.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE V<BR>
AFFIRMATIVE COVENANTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So long as any Obligation shall remain unpaid or any Lender shall have any Revolving
Commitment hereunder, the Borrower agrees, unless the Majority Lenders shall otherwise consent in
writing, to comply with the following covenants.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.1 <U>Compliance with Laws, Etc</U>. The Borrower will, and will cause each of its
Subsidiaries to, comply in all respects with all Legal Requirements to which it or its Properties
may be subject except for any failure to comply which could not reasonably be expected to have a
Material Adverse Effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.2 <U>Insurance</U>. The Borrower will, and will cause each of its material
Subsidiaries to, maintain insurance with responsible and reputable insurance companies or
associations in such amounts
and covering such risks as are usually carried by companies engaged in similar businesses and
owning similar properties in the same general areas in which the Borrower or such Subsidiary
operates, <U>provided</U> that the Borrower or such Subsidiary may self-insure to the extent and
in the manner normal for similarly situated companies of like size, type and financial condition
that are part of a group of companies under common control. Upon the written request of
Administrative Agent, the Borrower shall deliver certificates evidencing such insurance and copies
of the underlying policies to the Administrative Agent and any Lender as they are available.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.3 <U>Preservation of Existence, Etc</U>. The Borrower will, and will cause each of
its Subsidiaries to, preserve and maintain its existence, rights, franchises and privileges in the
jurisdiction of its formation, and qualify and remain qualified, and cause each such Subsidiary to
qualify and remain qualified, as a foreign entity in each jurisdiction in which qualification is
necessary or desirable in view of its business and operations or the ownership of its properties,
and, in each case, where failure to qualify or preserve and maintain its existence, rights,
franchises or privileges could reasonably be expected to have a Material Adverse Effect;
<U>provided</U>, however, that nothing contained in this Section&nbsp;5.3 shall prevent any transaction
permitted by Section&nbsp;6.5.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.4 <U>Payment of Taxes, Etc</U>. The Borrower will, and will cause each of its
Subsidiaries to, timely file complete and correct United States federal and applicable foreign,
state and local tax returns required by applicable Legal Requirements and pay when due (a)&nbsp;all
taxes, assessments
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">and governmental charges or levies imposed upon it or upon its income, profits
or Property prior to the date on which penalties attach thereto, and (b)&nbsp;all lawful claims which,
if unpaid, might by law become a Lien upon its Property; <U>provided</U>, <U>however</U>, that
neither the Borrower nor any such Subsidiary shall be required to file any such tax returns or pay
or discharge any such tax, assessment, charge, levy, or claim (i)&nbsp;which is being contested in good
faith and by appropriate proceedings, and with respect to which reserves in conformity with GAAP
have been established, or (ii)&nbsp;the non-payment of which could not reasonably be expected to result
in a Material Adverse Effect.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.5 <U>Visitation Rights</U>. The Borrower will, and will cause its material
Subsidiaries to, permit the Administrative Agent or any of its agents or representatives thereof,
and at any time that an Event of Default exists, any Lender or any of its agents or representatives
thereof, to inspect any of the Property, books and financial records of the Borrower and each
material Subsidiary, to examine and make copies of and abstracts from the records and books of
account of the Borrower and each material Subsidiary, and to discuss the affairs, finances and
accounts of the Borrower and each material Subsidiary with, and to be advised as to the same by,
any of their respective officers or directors upon reasonable prior written notice and at such
reasonable times and intervals as may be mutually agreed upon by the Administrative Agent or such
Lender, as applicable, and the Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.6 <U>Reporting Requirements</U>. The Borrower will furnish to the Administrative
Agent:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Quarterly Financials</U>. As soon as available and in any event not later than 5
Business Days after the Form 10-Q of the Borrower is required to be filed with the SEC (or if no
such requirement exists, then no later than 45&nbsp;days after each fiscal quarter end), (i)&nbsp;to the
extent not otherwise provided in the Form 10-Q for such fiscal quarter end, the unaudited
Consolidated balance sheets of Borrower as of the end of such quarter and the related unaudited
statements of income, shareholders&#146; equity and cash flows of the Borrower for the period commencing
at the end of the previous year and ending with the end of such quarter, and the corresponding
figures as at the end of, and for, the corresponding period in the preceding fiscal year, all in
reasonable detail and duly certified with respect
to such statements (subject to year-end audit adjustments) by a senior financial officer of
the Borrower as having been prepared in accordance with GAAP, (ii)&nbsp;the Form 10-Q filed with the SEC
for such fiscal quarter end, and (iii)&nbsp;a Compliance Certificate duly executed by a Responsible
Officer;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Annual Financials</U>. As soon as available and in any event not later than 5
Business Days after the Form 10-K of the Borrower is required to be filed with the SEC (or if no
such requirement exists, then no later than 90&nbsp;days after each fiscal year end), (i)&nbsp;to the extent
not otherwise provided in the Form 10-K for such fiscal year end, an unqualified (except for
qualifications relating to changes in accounting principles or practices reflecting changes in
generally accepted accounting principles and required or approved by the Borrower&#146;s independent
certified public accountants) audit report and opinion for such year for the Borrower, including
therein audited Consolidated balance sheets of the Borrower and its Consolidated Subsidiaries as of
the end of such fiscal year and the related Consolidated statements of income, shareholders&#146; equity
and cash flows of the Borrower for such fiscal year, and the corresponding figures as at the end
of, and for, the preceding fiscal year, and, in the case of such Consolidated financial statements
certified by independent certified public accountants of recognized standing acceptable to the
Administrative Agent and including any management letters delivered by such accountants to the
Borrower in connection with such audit, (ii)&nbsp;the Form 10-K filed with the SEC for such fiscal year
end, and (iii)&nbsp;a Compliance Certificate duly executed by a Responsible Officer;
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Securities Law Filings</U>. Promptly after the sending or filing thereof, copies of
all proxy material, reports and other information which the Borrower or any of its Subsidiaries
sends to or files with the SEC or sends to any shareholder of the Borrower or of any of its
Subsidiaries;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Defaults</U>. Promptly after the occurrence of each Default known to a Responsible
Officer of the Borrower or any of its material Subsidiaries, a statement of a Responsible Officer
of the Borrower setting forth the details of such Default and the actions which the Borrower has
taken and proposes to take with respect thereto;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>ERISA Notices</U>. Except as to any matter which could not reasonably be expected to
have a Material Adverse Effect, promptly (i)&nbsp;after the Borrower or any of its Subsidiaries knows or
has reason to know that any Termination Event or Reportable Event has occurred, (ii)&nbsp;after receipt
thereof by the Borrower or any of its Subsidiaries from the PBGC, copies of each notice received by
the Borrower or any such Subsidiary of the PBGC&#146;s intention to terminate any Plan or to have a
trustee appointed to administer any Plan; and (iii)&nbsp;after receipt thereof by the Borrower or any of
its Subsidiaries from a Multiemployer Plan sponsor, a copy of each notice received by the Borrower
or any of its Subsidiaries concerning the imposition or amount of withdrawal liability pursuant to
Section&nbsp;4202 of ERISA;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Environmental Notices</U>. Promptly upon the knowledge of any Responsible Officer of
the Borrower of receipt thereof by the Borrower or any of its Subsidiaries, a copy of any form of
notice, summons or citation received from the United States Environmental Protection Agency, or any
other Governmental Authority directly engaged in protection of the environment or in overseeing
compliance with Environmental Laws, concerning (i)&nbsp;material violations or alleged violations of
Environmental Laws, which seeks to impose liability therefor and which, based upon information
reasonably available to the Borrower at the time or after such violation, could reasonably be
expected to have a Material Adverse Effect, (ii)&nbsp;any action or omission on the part of the Borrower
or any of its present or former Subsidiaries in connection with Hazardous Waste or Hazardous
Substances which, based upon information reasonably available to the Borrower at the time of such
receipt, could reasonably
be expected to have a Material Adverse Effect, (iii)&nbsp;any notice of potential responsibility
under any Environmental Law which could reasonably be expected to have a Material Adverse Effect,
or (iv)&nbsp;the filing of a Lien other than a Permitted Lien upon, against or in connection with the
Borrower, its present or former Subsidiaries, or any of their leased or owned Property, wherever
located;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Other Governmental Notices or Actions</U>. Promptly after receipt thereof by the
Borrower or any of its Subsidiaries, and the knowledge of such receipt by a Responsible Officer of
the Borrower or any inside counsel of the Borrower, a copy of any written notice, summons,
citation, or proceeding from any Governmental Authority which could reasonably be expected to have
a Material Adverse Effect;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <U>Material Litigation</U>. Promptly after any Responsible Officer of the Borrower or
any of its Subsidiaries having knowledge thereof, notice of (A)&nbsp;any pending or threatened
litigation, claim or any other action asserting any claim or claims against the Borrower or any of
its Subsidiaries which could reasonably be expected to have a Material Adverse Effect, (B)&nbsp;the
occurrence of any mandatory prepayment event, default or event of default under the Senior Note
Documents, and (C)&nbsp;any litigation or governmental proceeding of the type described in Section&nbsp;4.8;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <U>Material Changes</U>. Prompt written notice of any condition or event of which the
Borrower or any Subsidiary has knowledge, which condition or event has resulted or may reasonably
 be expected to have resulted in a Material Adverse Effect; and
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <U>Other Information</U>. Such other information respecting the business or Properties,
or the condition or operations, financial or otherwise, of the Borrower, or any of its
Subsidiaries, as any Lender through the Administrative Agent may from time to time reasonably
request.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.7 <U>Maintenance of Property</U>. The Borrower will, and will cause each of its
Subsidiaries to, do all things necessary to maintain, preserve, protect and keep its Property in
good repair, and make all necessary and proper repairs, renewals and replacements so that its
business carried on in connection therewith may be properly conducted at all times except to the
extent that the non-maintenance, non-preservation or non-protection of such Property in such
condition could not reasonably be expected to result in a Material Adverse Effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.8 <U>Use of Proceeds</U>. The Borrower will, and will cause each Subsidiary to,
use the proceeds of the Advances for the purposes set forth under Section&nbsp;4.9. The Borrower will
not, nor will it permit any Subsidiary to, use any of the proceeds of the Advances to purchase or
carry any &#147;margin stock&#148; (as defined in Regulation&nbsp;U) in violation of Regulations T, U or X of the
Federal Reserve Board, as the same is from time to time in effect, and all official rulings and
interpretations thereunder or thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.9 <U>Pari Passu</U>. The Obligations under this Agreement and the other Credit
Documents of the Borrower shall rank at least pari passu with and be equally and ratably secured as
the Senior Notes and all other senior unsecured Indebtedness of the Borrower.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VI<BR>
NEGATIVE COVENANTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So long as any Obligation shall remain unpaid or any Lender shall have any Revolving
Commitment, the Borrower agrees, unless the Majority Lenders otherwise consent in writing, to
comply with the following covenants.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.1 <U>Liens, Etc</U>. The Borrower will not, or permit any of its Subsidiaries to,
create, assume, incur, or suffer to exist, any Lien of any kind on or in respect of any Property of
the Borrower or any of its Subsidiaries, whether now owned or hereafter acquired, except for the
following (&#147;<U>Permitted Liens</U>&#148;):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Liens securing the Obligations arising under this Agreement and Liens securing the
Obligations arising under the 5-Year Credit Agreement, if any;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Liens securing other Indebtedness; provided that, the aggregate principal amount of such
Indebtedness at any time does not exceed 15% of the Borrower&#146;s Consolidated Net Worth;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Liens arising in the ordinary course of business by operation of law in connection with
workers&#146; compensation, unemployment insurance, old age benefits, social security obligations,
taxes, assessments, statutory obligations or other similar charges; <U>provided</U>, that in each
case the obligation secured is not Indebtedness and is not overdue or, if overdue, is being
contested in good faith by appropriate proceedings and reserves in conformity with GAAP have been
provided therefor
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;good faith deposits, pledges or other Liens in connection with (or to obtain or support
letters of credit in connection with) bids, performance bonds, contracts or leases to which the
Borrower or its Subsidiaries are a party in the ordinary course of business; <U>provided</U>, that
in each case the obligation secured is not Indebtedness and is not overdue or, if overdue, is being
contested in good faith by appropriate proceedings and reserves in conformity with GAAP have been
provided therefor;
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;mechanics&#146;, workmen, materialmen, landlords&#146;, carriers&#146; or other similar Liens arising in
the ordinary course of business (or deposits to obtain the release of such Liens) <U>provided</U>,
that in each case the obligation secured is not Indebtedness and is not overdue or, if overdue, is
being contested in good faith by appropriate proceedings and reserves in conformity with GAAP have
been provided therefor;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Inchoate Liens under ERISA and liens for Taxes not yet due or which are being contested in
good faith by appropriate proceedings and reserves in conformity with GAAP have been provided
therefor;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Liens arising out of judgments or awards against the Borrower or any of its Subsidiaries,
or in connection with surety or appeal bonds or the like in connection with bonding such judgments
or awards, the time for appeal from which or petition for rehearing of which shall not have expired
or for which the Borrower or such Subsidiary shall be prosecuting on appeal or proceeding for
review, and for which it shall have obtained a stay of execution or the like pending such appeal or
proceeding for review, and which would not constitute an Event of Default;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;rights reserved to or vested in any municipality or governmental, statutory or public
authority by the terms of any right, power, franchise, grant, license or permit, or by any
provision of law, to terminate such right, power, franchise, grant, license or permit or to
purchase, condemn, expropriate or recapture or to designate a purchaser of any of the property of a
Person;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;rights reserved to or vested in any municipality or governmental, statutory or public
authority to control, regulate or use any property of a Person;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;rights of a common owner of any interest in property held by a Person and such common
owner as tenants in common or through other common ownership;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;encumbrances, easements, restrictions, servitudes, permits, conditions, covenants,
exceptions or reservations in any property or rights-of-way of a Person for the purpose of roads,
pipelines, transmission lines, transportation lines, distribution lines, removal of gas, oil, coal,
metals, steam, minerals, timber or other natural resources, and other like purposes, or for the
joint or common use of real property, rights-of-way, facilities or equipment, or defects,
irregularity and deficiencies in title of any property or rights-of-way; <U>provided</U>, that in
each case the obligation secured is not Indebtedness and is not overdue or, if overdue, is being
contested in good faith by appropriate proceedings and reserves in conformity with GAAP have been
provided therefore;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;zoning, planning and Environmental Laws and ordinances and municipal regulations;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;financing statements filed by lessors of property (but only with respect to the property
so leased) and Liens under any conditional sale or title retention agreements entered into in the
ordinary course of business; <U>provided</U>, that in each case the obligation secured is not
Indebtedness, and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;rights of lessees of equipment owned by the Borrower or any of its Subsidiaries.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.2 <U>Indebtedness</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Borrower will not, and will not permit any of its Subsidiaries to, incur or permit to
exist any Indebtedness, unless the Borrower shall be in compliance, on a pro forma basis after
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">giving effect to such transactions, with the covenants contained in this Article&nbsp;VI recomputed as
of the last day of the most recently ended fiscal quarter of the Borrower as if the transaction in
question had occurred on the first day of each relevant period for testing such compliance.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Notwithstanding Section&nbsp;6.2(a), the aggregate principal amount of all Indebtedness of
Subsidiaries of the Borrower (other than such Indebtedness owing to the Borrower or to a Subsidiary
of the Borrower) shall not exceed 15% of the Borrower&#146;s Consolidated Net Worth at any time.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.3 <U>Senior Notes</U>. The Borrower will not, and will not permit any Subsidiary
to, make any amendment or modification to the Senior Note Documents other than any such amendment,
supplement, change or modification that could not reasonably be expected to be materially adverse
to the Lenders and with respect to which the Borrower has provided to the Administrative Agent and
the Lenders a copy of the amendment promptly after the effective date or the date such amendment is
executed, if later.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.4 <U>Limitation on Certain Restrictions</U>. The Borrower will not, nor will it
permit any of its material Subsidiaries to, directly or indirectly, create or otherwise permit to
exist or become effective any restriction on the ability of any of their Subsidiaries to (i)&nbsp;pay
dividends or make any other distributions on its capital stock, or any other interest or
participation in its profits, owned by the Borrower or pay any Indebtedness owed to the Borrower,
or (ii)&nbsp;make loans or advances to the Borrower or any of its Subsidiaries, except in either case
for restrictions existing under or by reason of any applicable Legal Requirement, this Agreement
and the other Credit Documents or in the Senior Note Documents and except for any restrictions
existing in connection with any Subsidiary acquired by the
Borrower after the Closing Date which imposition applies solely on such Subsidiary and its
Subsidiaries, in which case the Borrower shall either promptly cause the removal or release of any
such restrictions or not advance the proceeds of any Borrowing to such Subsidiary even if otherwise
permitted by this Agreement. The Borrower and its Subsidiaries shall not enter into any agreement
other than this Agreement, the Credit Documents and the Senior Note Documents prohibiting the
creation or assumption of any Lien upon its properties, revenues or assets, whether now owned or
hereafter acquired (except in connection with any Permitted Liens provided that restriction is
limited to the property already subject to the Lien), or prohibiting or restricting the ability of
the Borrower to amend or otherwise modify this Agreement or any Credit Document.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.5 <U>Merger, Consolidation or Acquisition; Asset Sales</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Borrower will not, and will not permit any Subsidiary of the Borrower to, enter into
any Acquisition unless (i)&nbsp;on a pro forma basis, the Borrower is in compliance with Section&nbsp;6.9
after giving effect to such Acquisition; and (ii)&nbsp;no Default or Event of Default shall have
occurred and be continuing before and after giving effect to such Acquisition.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Borrower will not, and will not permit any Subsidiary of the Borrower to, directly or
indirectly, merge or consolidate with any Person (as a result of an Acquisition or otherwise)
unless (i)&nbsp;if the Borrower is being merged or consolidated, the Borrower is the surviving entity,
(ii)&nbsp;on a pro forma basis, the Borrower is in compliance with Sections&nbsp;6.9 after giving effect to
such merger or consolidation; and (iii)&nbsp;no Default or Event of Event shall have occurred and be
continuing before and after giving effect to such merger or consolidation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Borrower and its Subsidiaries, taken as a whole, shall not sell, transfer or otherwise
dispose of (in one transaction or a series of transactions) all or substantially all of the
Borrower&#146;s and its Subsidiaries&#146; assets (determined on a Consolidated basis).
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.6 <U>Restricted Payments</U>. The Borrower will not, and will not permit any of
its material Subsidiaries to, make any Restricted Payment, except that (a)&nbsp;a Subsidiary of the
Borrower may make a Restricted Payment to the Borrower or to another Subsidiary of the Borrower,
(b)&nbsp;a Subsidiary of the Borrower may redeem any of its stock held by the Borrower or any Subsidiary
of the Borrower, and (c)&nbsp;the Borrower and its Subsidiaries may make any other Restricted Payment if
no Default has occurred and is continuing or would result therefrom.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.7 <U>Affiliate Transactions</U>. The Borrower will not, and will not permit any of
its Subsidiaries to, directly or indirectly enter into or permit to exist any transaction or series
of transactions (including, but not limited to, the purchase, sale, lease or exchange of property,
the making of any investment, the giving of any guaranty, the assumption of any obligation or the
rendering of any service) with any of their Affiliates unless such transaction or series of
transactions is on terms no less favorable to the Borrower or the Subsidiary, as applicable, than
those that could be obtained in a comparable arm&#146;s length transaction with a Person that is not
such an Affiliate; provided that, the Borrower and any of its Subsidiaries may guaranty or
otherwise assume obligations of an Affiliate to the extent permitted under Section&nbsp;6.2 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.8 <U>Other Businesses</U>. The Borrower will not, and will not permit any of its
Subsidiaries to, engage in any line of business other than the business in which the Borrower and
its Subsidiaries, taken as a whole, is presently engaged or other businesses reasonably related
thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.9 <U>Maximum Leverage Ratio</U>. The Borrower will not permit its Leverage Ratio
to be greater than 0.50 to 1.0 at the end of any fiscal quarter.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VII<BR>
REMEDIES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.1 <U>Events of Default</U>. The occurrence of any of the following events shall
constitute an &#147;Event of Default&#148; under any Credit Document:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Payment</U>. The Borrower shall fail to pay any principal of any Advance when the
same becomes due and payable as set forth in this Agreement, or any interest on any Note or any fee
or other amount payable hereunder or under any other Credit Document within five Business Days
after the same becomes due and payable;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Representation and Warranties</U>. Any representation or warranty made or deemed to
be made (i)&nbsp;by the Borrower in this Agreement or in any other Credit Document, or (ii)&nbsp;by the
Borrower (or any of its officers) in connection with this Agreement or any other Credit Document,
shall prove to have been incorrect in any material respect when made or deemed to be made;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Covenant Breaches</U>. (i)&nbsp;The Borrower shall fail to perform or observe any covenant
contained in Sections&nbsp;5.3 or 5.6, or Article&nbsp;VI of this Agreement, or (ii)&nbsp;the Borrower shall fail
to perform or observe any term or covenant set forth in any Credit Document which is not covered by
clause (i)&nbsp;above or any other provision of this Section&nbsp;7.1 if such failure shall remain unremedied
for 30&nbsp;days after the earlier of the date written notice of such default shall have been given to
the Borrower by the Administrative Agent or any Lender or the date a Responsible Officer of the
Borrower has actual knowledge of such default;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Cross-Defaults</U>. (i)&nbsp;The Borrower or any its Subsidiaries shall fail to pay any
principal of or premium or interest on its Indebtedness which is outstanding in a principal amount
of at
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">least $125,000,000 individually or when aggregated with all such Indebtedness of the Borrower
or its Subsidiaries so in default (but excluding the Obligations) when the same becomes due and
payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise),
and such failure shall continue after the applicable grace period, if any, specified in the
agreement or instrument relating to such Indebtedness; (ii)&nbsp;any other event shall occur or
condition shall exist under any agreement or instrument relating to Indebtedness which is
outstanding in a principal amount of at least $125,000,000 individually or when aggregated with all
such Indebtedness of the Borrower and its Subsidiaries so in default, and shall continue after the
applicable grace period, if any, specified in such agreement or instrument, if the effect of such
event or condition is to accelerate, or to permit the acceleration of, the maturity of such
Indebtedness; (iii)&nbsp;any &#147;Event of Default&#148; under the 5-Year Credit Agreement shall have occurred;
or (iv)&nbsp;any Indebtedness referred to in clause (i), (ii)&nbsp;or (iii)&nbsp;above shall be declared to be due
and payable, or required to be prepaid (other than by a regularly scheduled required prepayment),
prior to the stated maturity thereof; <U>provided</U> that, for purposes of this subsection
7.1(d), the &#147;principal amount&#148; of the obligations in respect of any Financial Contract at any time
shall be the maximum aggregate amount (giving effect to any netting agreements) that would be
required to be paid if such Financial Contract were terminated at such time;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Insolvency</U>. The Borrower or any of its Subsidiaries shall generally not pay its
debts as such debts become due, or shall admit in writing its inability to pay its debts generally,
or shall
make a general assignment for the benefit of creditors; or any proceeding shall be instituted
by or against the Borrower or any of its Subsidiaries seeking to adjudicate it a bankrupt or
insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection,
relief, or composition of it or its debts under any Legal Requirements relating to bankruptcy,
insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or
the appointment of a receiver, trustee or other similar official for it or for any substantial part
of its property and, in the case of any such proceeding instituted against the Borrower or any such
Subsidiary, either such proceeding shall remain undismissed for a period of 30&nbsp;days or any of the
actions sought in such proceeding shall occur; or the Borrower or any of its Subsidiaries shall
take any corporate action to authorize any of the actions set forth above in this paragraph (e);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Judgments</U>. Any one or more judgments or orders for the payment of money in excess
of $125,000,000 in the aggregate (reduced for purposes of this paragraph for the amount in respect
of any such judgment or order that a reputable and creditworthy insurer has acknowledged being
payable under any valid and enforceable insurance policy) shall be rendered against the Borrower or
any of its Subsidiaries which, within 30&nbsp;days from the date any such judgment is entered, shall not
have been discharged or execution thereof stayed pending appeal;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>ERISA</U>. (i)&nbsp;Any Person shall engage in any &#147;prohibited transaction&#148; (as defined in
Section&nbsp;406 of ERISA or Section&nbsp;1106 of the Code) involving any Plan, (ii)&nbsp;any &#147;accumulated funding
deficiency&#148; (as defined in Section&nbsp;302 of ERISA), whether or not waived, shall exist with respect
to any Plan, (iii)&nbsp;a Reportable Event shall occur with respect to, or proceedings shall commence to
have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Plan,
which Reportable Event or commencement of proceedings or appointment of a trustee is likely to
result in the termination of such Plan for purposes of Title IV of ERISA, unless such Reportable
Event, proceedings or appointment are being contested by the Borrower in good faith and by
appropriate proceedings, (iv)&nbsp;any Plan shall terminate for purposes of Title IV of ERISA, (v)&nbsp;the
Borrower or any member of the Controlled Group shall incur any liability in connection with a
withdrawal from a Multiemployer Plan or the insolvency (within the meaning of Section&nbsp;4245 of
ERISA) or reorganization (within the meaning of Section&nbsp;4241 of ERISA) of a Multiemployer Plan,
unless such liability is being contested by the Borrower in good faith and by appropriate
proceedings, or (vi)&nbsp;any other event or condition shall occur or exist, with respect to a
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Plan; and
in each case in clauses (i)&nbsp;through (vi)&nbsp;above, such event or condition, together with all other
such events or conditions, if any, could subject the Borrower to any tax, penalty or other
liabilities in the aggregate exceeding $125,000,000; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;<U>Change of Control</U>. Any Change in Control shall occur.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.2 <U>Optional Acceleration of Maturity</U>. If any Event of Default (other than an
Event of Default pursuant to paragraph (e)&nbsp;of Section&nbsp;7.1) shall have occurred and be continuing,
then, and in any such event, the Administrative Agent (a)&nbsp;shall at the request, or may with the
consent, of the Majority Lenders, by notice to the Borrower, declare the obligation of each Lender
to make Advances to be terminated, whereupon the same shall forthwith terminate, and (b)&nbsp;shall at
the request, or may with the consent, of the Majority Lenders, by notice to the Borrower, declare
all Obligations, including all interest and all other amounts payable under this Agreement, to be
forthwith due and payable, whereupon all such Obligations shall become and be forthwith due and
payable in full, without presentment, demand, protest or further notice of any kind (including any
notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived
by the Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.3 <U>Automatic Acceleration of Maturity</U>. If any Event of Default pursuant to
paragraph (e)&nbsp;of Section&nbsp;7.1 shall occur, the obligation of each Lender to make Advances shall
immediately and automatically be terminated and all Obligations, including all interest, and all
other amounts payable under this Agreement shall immediately and automatically become and be due
and payable in full, without presentment, demand, protest or any notice of any kind (including any
notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived
by the Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.4 <U>Reserved</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.5 <U>Non-exclusivity of Remedies</U>. No remedy conferred upon the Administrative
Agent or the Lenders is intended to be exclusive of any other remedy, and each remedy shall be
cumulative of all other remedies existing by contract, at law, in equity, by statute or otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.6 <U>Right of Set-off</U>. Upon (a)&nbsp;the occurrence and during the continuance of
any Event of Default and (b)&nbsp;the making of the request or the granting of the consent, if any,
specified by Section&nbsp;7.2 to authorize the Administrative Agent to declare the Obligations due and
payable pursuant to the provisions of Section&nbsp;7.2 or the automatic acceleration of the Obligations
pursuant to Section&nbsp;7.3, each Lender and each Affiliate of a Lender is hereby authorized at any
time and from time to time, to the fullest extent permitted by law, to set off and apply any and
all deposits (general or special, time or demand, provisional or final) at any time held and other
Indebtedness at any time owing by such Lender or such Affiliate to or for the credit or the account
of the Borrower against any and all of the obligations of the Borrower now or hereafter existing
under this Agreement, the Note held by such Lender or such Affiliate, and the other Credit
Documents, irrespective of whether or not such Lender or such Affiliate shall have made any demand
under this Agreement, such Note, or such other Credit Documents, and although such obligations may
be unmatured. Each Lender, for itself and on behalf of its Affiliates, agrees to promptly notify
the Borrower and the Administrative Agent after any such set-off and application made by such
Lender or such Affiliate, provided that the failure to give such notice shall not affect the
validity of such set-off and application. The rights of each Lender and each Affiliate of a Lender
under this Section are in addition to any other rights and remedies (including other rights of
set-off) which such Lender and such Affiliate may have.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.7 <U>Currency Conversion After Maturity</U>. At any time following the occurrence
of an Event of Default and the acceleration of the maturity of the Obligations owed to the Lenders
hereunder, the Lenders shall be entitled to convert, with two (2)&nbsp;Business Days&#146; prior notice to
the Borrower, any and
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">all or any part of the then unpaid and outstanding Advances denominated in a
Foreign Currency into Advances denominated in Dollars. Any such conversion shall be calculated so
that the principal amount of the resulting Advances shall be the Dollar Amount of the principal
amount of the Advance being converted on the date of conversion. Any accrued and unpaid interest
denominated in such Foreign Currency at the time of any such conversion shall be similarly
converted to Dollars, and such converted Advances and accrued and unpaid interest thereon shall
thereafter bear interest in accordance with the terms hereof.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VIII<BR>
AGENCY PROVISIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.1 <U>Authorization and Action</U>. Each Lender hereby appoints and authorizes the
Administrative Agent to take such action as agent on its behalf and to exercise such powers under
this Agreement and the other Credit Documents as are delegated to the Administrative Agent by the
terms hereof and of the other Credit Documents, together with such powers as are reasonably
incidental thereto.
As to any matters not expressly provided for by this Agreement or any other Credit Document
(including enforcement or collection of the Obligations), the Administrative Agent shall not be
required to exercise any discretion or take any action, but shall be required to act or to refrain
from acting (and shall be fully protected in so acting or refraining from acting) upon the
instructions of the Majority Lenders or all Lenders, and such instructions shall be binding upon
all Lenders and all holders of the Obligations; <U>provided</U>, however, that Administrative
Agent shall not be required to take any action which exposes the Administrative Agent to personal
liability or which is contrary to this Agreement, any other Credit Document, or applicable Legal
Requirements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.2 <U>Administrative Agent&#146;s Reliance, Etc</U>. Neither Administrative Agent nor
any of its respective directors, officers, agents or employees shall be liable for any action taken
or omitted to be taken <B>(INCLUDING THE ADMINISTRATIVE AGENT&#146;S OWN NEGLIGENCE) </B>by it or them under or
in connection with this Agreement or the other Credit Documents, except for its or their own gross
negligence or willful misconduct. Without limitation of the generality of the foregoing, the
Administrative Agent: (a)&nbsp;may treat the payee of any Note as the holder thereof until the
Administrative Agent receives written notice of the assignment or transfer thereof signed by such
payee and in form satisfactory to the Administrative Agent; (b)&nbsp;may consult with legal counsel
(including counsel for the Borrower), independent public accountants and other experts selected by
it and shall not be liable for any action taken or omitted to be taken in good faith by it in
accordance with the advice of such counsel, accountants or experts; (c)&nbsp;makes no warranty or
representation to any Lender and shall not be responsible to any Lender for any statements,
warranties or representations made in or in connection with this Agreement or the other Credit
Documents; (d)&nbsp;shall not have any duty to ascertain or to inquire as to the performance or
observance of any of the terms, covenants or conditions of this Agreement or any other Credit
Document on the part of the Borrower or its Subsidiaries or to inspect the property (including the
books and records) of the Borrower or its Subsidiaries; (e)&nbsp;shall not be responsible to any Lender
for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of
this Agreement or any other Credit Document; and (f)&nbsp;shall incur no liability under or in respect
of this Agreement or any other Credit Document by acting upon any notice, consent, certificate or
other instrument or writing (which may be by telecopier, telegram, cable or telex) believed by it
to be genuine and signed or sent by the proper party or parties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.3 <U>The Administrative Agent and its Affiliates</U>. With respect to its
Revolving Commitments and the Advances made by it, the Administrative Agent shall have the same
rights and powers under this Agreement as any other Lender and may exercise the same as though it
were not an agent hereunder. The term &#147;Lender&#148; or &#147;Lenders&#148; shall, unless otherwise expressly
indicated, include the Administrative Agent in its individual capacity. Administrative Agent and
its Affiliates may accept
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">deposits from, lend money to, act as trustee under indentures of, and
generally engage in any kind of business with, the Borrower or any of its Subsidiaries, and any
Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if
the Administrative Agent were not an agent hereunder and without any duty to account therefor to
the Lenders.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.4 <U>Lender Credit Decision</U>. Each Lender acknowledges that it has,
independently and without reliance upon the Administrative Agent, the Arrangers or any other Lender
and based on the financial statements referred to in Section&nbsp;4.6 and such other documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement. Each Lender also acknowledges that it will, independently and without reliance
upon the Administrative Agent, the Arrangers or any other Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.5 <U>Indemnification</U>. The Lenders severally agree to indemnify the
Administrative Agent and each Arranger (to the extent not reimbursed by the Borrower), according to
their respective Pro Rata Shares from and against any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or
nature whatsoever (including legal fees) which may be imposed on, incurred by, or asserted against
the Administrative Agent or such Arranger in any way relating to or arising out of this Agreement
or any other Credit Document or any action taken or omitted by the Administrative Agent or such
Arranger under this Agreement or any other Credit Document (<B>INCLUDING THE ADMINISTRATIVE AGENT&#146;S OR
THE ARRANGER&#146;S OWN NEGLIGENCE</B>), provided that no Lender shall be liable for any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements found by a final judgment by a court of competent jurisdiction to have result from
the Administrative Agent&#146;s or such Arranger&#146;s gross negligence or willful misconduct. Without
limitation of the foregoing, each Lender agrees to (a)&nbsp;reimburse the Administrative Agent promptly
upon demand for its ratable share of any out-of-pocket expenses (including counsel fees) incurred
by the Administrative Agent in connection with the preparation, execution, delivery, modification
or amendment of this Agreement or any other Credit Document, to the extent that the Administrative
Agent is not reimbursed for such expenses by the Borrower and (b)&nbsp;reimburse the Administrative
Agent promptly upon demand for its ratable share of any out-of-pocket expenses (including counsel
fees) incurred by the Administrative Agent in connection with the administration or enforcement
(whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of
rights or responsibilities under, this Agreement or any other Credit Document, to the extent that
the Administrative Agent is not reimbursed for such expenses by the Borrower. All obligations of
the Lenders provided in this Section&nbsp;8.5 shall survive any termination of this Agreement and
repayment in full of the Obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.6 <U>Successor Administrative Agent</U>. Administrative Agent may resign at any
time by giving written notice thereof to the Lenders and the Borrower and may be removed at any
time with or without cause by the Majority Lenders if removing the Administrative Agent upon
receipt of written notice from such Majority Lenders to such effect. Upon receipt of notice of any
such resignation or removal, the applicable Majority Lenders shall have the right to appoint a
successor Administrative Agent with, if an Event of Default has not occurred and is not continuing,
the consent of the Borrower, which consent shall not be unreasonably withheld or delayed. If no
successor Administrative Agent shall have been so appointed, and shall have accepted such
appointment, within 30&nbsp;days after the retiring or removed Administrative Agent&#146;s giving of notice
of resignation or the Majority Lenders&#146; removal of the retiring Administrative Agent, then the
retiring or removed Administrative Agent may, on behalf of the Lenders and the Borrower, appoint a
successor Administrative Agent, which shall be a commercial bank meeting the financial requirements
of an Eligible Assignee. Upon the acceptance of any appointment as Administrative Agent by a
successor Administrative Agent, such successor Administrative Agent shall
</DIV>


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</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">thereupon succeed to and become vested with all the rights, powers, privileges and duties of the
retiring or removed Administrative Agent, and the retiring or removed Administrative Agent shall be
discharged from its duties and obligations under this Agreement and the other Credit Documents.
After any retiring or removed Administrative Agent&#146;s resignation or removal hereunder as
Administrative Agent, the provisions of this Article&nbsp;VIII shall inure to its benefit as to any
actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement
and the other Credit Documents.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.7 <U>Co-Lead Arrangers, Joint Book Runners, other Agency Titles</U>. The
Arrangers, Joint Book Runners and any other agents identified on the cover sheet hereof (other than
the Administrative Agent) shall have no duties, obligations or liabilities hereunder in its
capacity as an Arranger, Joint Book Runner and such other agent. The Lenders shall have no right
to replace any Arranger, Joint Book Runner or any such agent, and the Arrangers, Joint Book Runners
and such other agents shall not have the right to assign its status as an arranger, book runner or
such agent, as applicable, to any Person.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE IX<BR>
MISCELLANEOUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.1 <U>Amendments, Etc</U>. No amendment or waiver of any provision of this
Agreement, the Notes, or any other Credit Document (other than the Agent&#146;s Fee Letter), nor consent
to any departure by the Borrower therefrom, shall in any event be effective unless the same shall
be in writing and signed by the Majority Lenders and the Borrower, and then such waiver or consent
shall be effective only in the specific instance and for the specific purpose for which given;
<U>provided</U>, however,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;no amendment shall increase or extend the Revolving Commitment of any Lender without the
written consent of such Lender;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;no amendment shall amend the definitions of &#147;Eligible Currency&#148; or &#147;Agreed Currency&#148;
(other than as contemplated within such definition) without the written consent of each Lender;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;no amendment, waiver or consent shall, unless in writing and signed by all the Lenders, do
any of the following: (i)&nbsp;reduce the principal of, or interest on, the Obligations or any fees or
other amounts payable hereunder or under any other Credit Document, (ii)&nbsp;postpone any date fixed
for any payment of principal of, or interest on, the Obligations or any fees or other amounts
payable hereunder, (iii)&nbsp;amend Section&nbsp;2.14, Section&nbsp;7.7, this Section&nbsp;9.1 or any other provision
of this Agreement that requires the pro rata treatment of, or action by, all the Lenders, (iv)
release any Lien in favor of the Administrative Agent for the benefit of the Lenders on Property of
the Borrower, (v)&nbsp;amend the definition of &#147;Majority Lenders&#148;, or (vi)&nbsp;amend Section&nbsp;6.5(c) or waive
any Event of Default arising therefrom or consent to any departure from the terms thereof; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;no amendment, waiver or consent shall, unless in writing and signed by the Administrative
Agent or the Arrangers in addition to the Lenders required above to take such action, affect the
rights or duties of the Administrative Agent or the Arrangers, as the case may be, under this
Agreement or any other Credit Document.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.2 <U>Notices, Intralinks, Etc</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Notices</U>. All notices and other communications shall be in writing (including
telecopy or telex) and mailed, telecopied, telexed, hand delivered or delivered by a nationally
recognized overnight courier, if to the Borrower, at its address at 7909 Parkwood Circle Drive,
Houston, Texas
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">77036, Attention: Treasurer, with a copy to the General Counsel, Telecopy: (713)
346-7995, Telephone: (713)&nbsp;346-7550; if to any Lender at its address for notices specified in its Administrative
Questionnaire; if to the Administrative Agent (including the delivery of a Compliance Certificate),
at its address at 1740 Broadway, C7300-034, Denver, Colorado 80274, Attention: Agency Syndication
(telecopy: (303)&nbsp;863-5531; telephone: (303)&nbsp;863-6637), with a copy to 1000 Louisiana Street,
9<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Houston, Texas 77002, Attention: Eric R. Hollingsworth (telecopy: (713)
739-1087; telephone: (713)&nbsp;319-1354); if a Notice of Borrowing or a Notice of Conversion or
Continuation to the Administrative Agent at the address for the Administrative Agent specified
above; or, as to each party, at such other address or teletransmission number as shall be
designated by such party in a written notice to the other parties. All such notices and
communications shall, when mailed, telecopied, telexed or hand delivered or delivered by overnight
courier, be effective three days after deposited in the mails, when telecopy transmission is
completed, when confirmed by telex answer-back or when delivered, respectively, except that notices
and communications to the Administrative Agent pursuant to Article&nbsp;II or VIII shall not be
effective until received by the Administrative Agent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Electronic Postings</U>. (i)&nbsp;The Borrower agrees that the Administrative Agent may
make any material delivered by the Borrower to the Administrative Agent, as well as any amendments,
waivers, consents, and other written information, documents, instruments and other materials
relating to the Borrower, any of its Subsidiaries, or any other materials or matters relating to
this Agreement, the Notes or any of the transactions contemplated hereby (excluding notices
pursuant to Article&nbsp;II, collectively, the &#147;<U>Communications</U>&#148;) available to the Lenders by
posting such notices on an electronic delivery system (which may be provided by the Administrative
Agent, an Affiliate of the Administrative Agent, or any Person that is not an Affiliate of the
Administrative Agent), such as IntraLinks, or a substantially similar electronic system
customarily used by financial institutions for such purposes (the &#147;<U>Platform</U>&#148;). The Borrower
acknowledges that (A)&nbsp;the distribution of material through an electronic medium is not necessarily
secure and that there are confidentiality and other risks associated with such distribution, (B)
the Platform is provided &#147;as is&#148; and &#147;as available&#148; and (C)&nbsp;neither the Administrative Agent nor
any of their respective Affiliates warrants the accuracy, completeness, timeliness, sufficiency, or
sequencing of the Communications posted on the Platform. The Administrative Agent and their
respective Affiliates expressly disclaim with respect to the Platform any liability for errors in
transmission, incorrect or incomplete downloading, delays in posting or delivery, or problems
accessing the Communications posted on the Platform and any liability for any losses, costs,
expenses or liabilities that may be suffered or incurred in connection with the Platform. No
warranty of any kind, express, implied or statutory, including any warranty of merchantability,
fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or
other code defects, is made by the Administrative Agent or any of its respective Affiliates in
connection with the Platform.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Each Lender agrees that notice to it (as provided in the next sentence) (a
&#147;<U>Notice</U>&#148;) specifying that any Communication has been posted to the Platform shall for
purposes of this Agreement constitute effective delivery to such Lender of such information,
documents or other materials comprising such Communication. Each Lender agrees (A)&nbsp;to notify, on
or before the date such Lender becomes a party to this Agreement, the Administrative Agent in
writing of such Lender&#146;s e-mail address to which a Notice may be sent (and from time to time
thereafter to ensure that the Administrative Agent have on record an effective e-mail address for
such Lender) and (B)&nbsp;that any Notice may be sent to such e-mail address.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.3 <U>No Waiver; Remedies</U>. No failure on the part of any Lender or the
Administrative Agent to exercise, and no delay in exercising, any right hereunder or under any
other Credit Document shall operate as a waiver thereof; nor shall any single or partial exercise
of any such right preclude any other or further exercise thereof or the exercise of any other
right. The remedies
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">provided in this Agreement and the other Credit Documents are cumulative and not exclusive of
any remedies provided by law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.4 <U>Costs and Expenses</U>. The Borrower agrees to pay on demand all
out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation,
execution, delivery, administration, modification and amendment of this Agreement, the Notes and
the other Credit Documents including (a)&nbsp;all reasonable out-of-pocket costs and expenses, if any,
of the Administrative Agent, each Arranger, and each Lender (including reasonable counsel fees and
expenses of the Administrative Agent, each Arranger, and each Lender) in connection with the
enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and
the other Credit Documents after an Event of Default has occurred and is continuing, and (b)&nbsp;to the
extent not included in the foregoing, the costs of any Uniform Commercial Code financing statement
or continuation statement, and any related title or Uniform Commercial Code search conducted
subsequent to such recordation, and other costs usual and customary in connection with the taking
of a Lien.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.5 <U>Binding Effect</U>. This Agreement shall become effective when it shall have
been executed by the Borrower and the Administrative Agent, and when the Administrative Agent shall
have, as to each Lender, either received a counterpart hereof executed by such Lender or been
notified by such Lender that such Lender has executed it and thereafter shall be binding upon and
inure to the benefit of the Borrower, the Administrative Agent, the Arrangers, and each Lender and
their respective successors and assigns, except that the Borrower shall not have the right to
assign its rights or delegate its duties under this Agreement or any interest in this Agreement
without the prior written consent of each Lender.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.6 <U>Lender Assignments and Participations</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Assignments</U>. Any Lender may assign to one or more banks or other entities all or
any portion of its rights and obligations under this Agreement (including all or a portion of its
Revolving Commitment, the Advances owing to it, the Notes held by it, if any); <U>provided</U>,
<U>however</U>, that (i)&nbsp;each such assignment shall be of a constant, and not a varying,
percentage of all of such Lender&#146;s rights and obligations under this Agreement as a Lender and
shall involve a ratable assignment of such Lender&#146;s Revolving Commitment and such Lender&#146;s
Revolving Advances and shall be in an amount not less than $5,000,000, (ii)&nbsp;the amount of the
resulting Revolving Commitment and Revolving Advances of the assigning Lender (unless it is
assigning all its Revolving Commitment) and the assignee Lender pursuant to each such assignment
(determined as of the date of the Assignment and Acceptance with respect to such assignment) shall
in no event be less than $10,000,000, (iii)&nbsp;each such assignment shall be to an Eligible Assignee,
(iv)&nbsp;the parties to each such assignment shall execute and deliver to the Administrative Agent, for
its acceptance and recording in the Register, an Assignment and Acceptance, together with the
applicable Notes, if any, subject to such assignment, (v)&nbsp;each Eligible Assignee shall pay to the
Administrative Agent a $4,000 administrative fee; and (vi)&nbsp;the Administrative Agent shall promptly
deliver a copy of the fully executed Assignment and Acceptance to the Administrative Agent. Upon
such execution, delivery, acceptance and recording, from and after the effective date specified in
each Assignment and Acceptance, which effective date shall be at least three Business Days after
the execution thereof, (A)&nbsp;the assignee thereunder shall be a party hereto for all purposes and, to
the extent that rights and obligations hereunder have been assigned to it pursuant to such
Assignment and Acceptance, have the rights and obligations of a Lender hereunder and (B)&nbsp;such
Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned by
it pursuant to such Assignment and Acceptance, relinquish its rights and be released from its
obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or
the remaining portion of such Lender&#146;s rights and obligations under this Agreement, such Lender
shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections
2.8, 2.9, 2.11, 9.4, 9.7 and 9.16 with respect to facts and
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">circumstances occurring prior to the effective date of such assignment. Notwithstanding
anything herein to the contrary, any Lender may assign, as collateral or otherwise, any of its
rights under the Credit Documents to any Federal Reserve Bank.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Term of Assignments</U>. By executing and delivering an Assignment and Acceptance,
the Lender thereunder and the assignee thereunder confirm to and agree with each other and the
other parties hereto as follows: (i)&nbsp;other than as provided in such Assignment and Acceptance,
such Lender makes no representation or warranty and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with this Agreement or the
execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement
or any other instrument or document furnished pursuant hereto; (ii)&nbsp;such Lender makes no
representation or warranty and assumes no responsibility with respect to the financial condition of
the Borrower or the performance or observance by the Borrower of any of its obligations under this
Agreement or any other instrument or document furnished pursuant hereto; (iii)&nbsp;such assignee
confirms that it has received a copy of this Agreement, together with copies of the financial
statements referred to in Section&nbsp;4.6 and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into such Assignment and
Acceptance; (iv)&nbsp;such assignee will, independently and without reliance upon the Administrative
Agent, such Lender or any other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action
under this Agreement; (v)&nbsp;such assignee appoints and authorizes the Administrative Agent to take
such action as agent on its behalf and to exercise such powers under this Agreement as are
delegated to the Administrative Agent by the terms hereof, together with such powers as are
reasonably incidental thereto; and (vi)&nbsp;such assignee agrees that it will perform in accordance
with their terms all of the obligations which by the terms of this Agreement are required to be
performed by it as a Lender.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>The Register</U>. The Administrative Agent shall maintain at its respective address
referred to in Section&nbsp;9.2 a copy of each Assignment and Acceptance delivered to and accepted by it
and a register for the recordation of the names and addresses of the respective Lenders and the
Revolving Commitment and principal amount of the Advances owing to, each Lender from time to time
(the &#147;<U>Register</U>&#148;). The entries in the Register shall be conclusive and binding for all
purposes, absent manifest error, and the Borrower, the Administrative Agent and the Lenders may
treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of
this Agreement. At any reasonable time and from time to time upon reasonable prior notice, the
Register shall be available (i)&nbsp;for inspection by the Borrower and (ii)&nbsp;for inspection by each
Lender as to its Revolving Commitment and principal amount of Advances owing to it.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Procedures</U>. Upon its receipt of an Assignment and Acceptance executed by a Lender
and an Eligible Assignee, together with the Notes, if any, subject to such assignment, the
Administrative Agent shall, if such Assignment and Acceptance has been completed and is in
substantially the form of the attached Exhibit&nbsp;A, (i)&nbsp;accept such Assignment and Acceptance, (ii)
record the information contained therein in the Register, and (iii)&nbsp;give prompt notice thereof to
the Borrower.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Participations</U>. Each Lender may sell participations to one or more banks or other
entities in or to all or a portion of its rights and obligations under this Agreement (including
all or a portion of its Revolving Commitment, the Advances owing to it, and the Notes held by it,
if any); <U>provided</U>, <U>however</U>, that (i)&nbsp;such Lender&#146;s obligations under this Agreement
(including its Revolving Commitment to the Borrower hereunder) shall remain unchanged, (ii)&nbsp;such
Lender shall remain solely responsible to the other parties hereto for the performance of such
obligations, (iii)&nbsp;such Lender shall remain the holder of any such Obligations for all purposes of
this Agreement, (iv)&nbsp;the Borrower, the Administrative Agent and the Lenders shall continue to deal
solely and directly with such Lender in
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">connection with such Lender&#146;s rights and obligations under this Agreement, (v)&nbsp;such Lender
shall not require the participant&#146;s consent to any matter under this Agreement, except for change
in the principal amount of any Obligation in which the participant has an interest, reductions in
fees or interest, or extending the Maturity Date, and (vi)&nbsp;such Lender shall give prompt prior
notice to the Borrower of each such participation to be sold by such Lender. The Borrower hereby
agrees that participants shall have the same rights under Sections&nbsp;2.8, 2.9, 2.11(c), 9.4 and 9.7
hereof as the Lender to the extent of their respective participations. Notwithstanding the
foregoing and so long as no Event of Default has occurred and is continuing, upon the receipt of
notice by the Borrower of the sale of a participation by any Lender to one or more banks or other
entities (other than an Affiliate of such Lender) in or to all or a portion of its rights and
obligations under this Agreement (each such bank or other entity, a &#147;<U>Proposed
Participant</U>&#148;), the Borrower shall have the right, but not the obligation, to select additional
lenders to replace such Proposed Participant on the same terms and conditions as the Proposed
Participant upon prompt written notice from the Borrower to the Administrative Agent and the Lender
selling such participation. The Borrower shall have ten days from the date of its receipt of notice
of the proposed sale of such participation to the Proposed Participant to select replacement
lenders to replace such Proposed Participant. If the Borrower does not select any replacement
lenders or does not elect to select any replacement lenders the applicable Lender may sell such
participation to the Proposed Participant.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.7 <U>Indemnification</U>. The Borrower shall indemnify the Administrative Agent,
the Arrangers, and the Lenders (including any lender which was a Lender hereunder prior to any full
assignment of its Revolving Commitment), and each affiliate thereof and their respective directors,
officers, employees and agents from, and discharge, release, and hold each of them harmless
against, any and all losses, liabilities, claims or damages to which any of them may become
subject, insofar as such losses, liabilities, claims or damages arise out of or result from (i)&nbsp;the
execution or delivery of this Agreement or any agreement or instrument contemplated hereby, the
performance by the parties hereto of their respective obligations hereunder or the consummation of
the Merger or any other transactions contemplated hereby, (ii)&nbsp;any actual or proposed use by the
Borrower or any Affiliate of the Borrower of the proceeds of any Revolving Advance, (iii)&nbsp;any
breach by the Borrower of any provision of this Agreement or any other Credit Document, (iv)&nbsp;any
Environmental Claim or requirement of Environmental Laws concerning or relating to the present or
previously-owned or operated properties, or the operations or business, of the Borrower or any of
its Subsidiaries, and (v)&nbsp;any investigation, litigation or other proceeding (including any
threatened investigation or proceeding) relating to the foregoing, and the Borrower shall reimburse
the Administrative Agent, each Arranger, and each Lender, and each affiliate thereof and their
respective directors, officers, employees and agents, upon demand for any reasonable out-of-pocket
expenses (including legal fees) incurred in connection with any such losses, liabilities, claims,
damages, investigation, litigation, Environmental Claim or requirement, or other proceeding; and
<B>EXPRESSLY INCLUDING ANY SUCH LOSSES, LIABILITIES, CLAIMS, DAMAGES, OR EXPENSE INCURRED BY REASON OF
THE PERSON BEING INDEMNIFIED&#146;S OWN NEGLIGENCE</B>, BUT EXCLUDING ANY SUCH LOSSES, LIABILITIES, CLAIMS,
DAMAGES OR EXPENSES FOUND BY A FINAL JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED
FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THE PERSON TO BE INDEMNIFIED.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.8 <U>Execution in Counterparts</U>. This Agreement may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute one and
the same agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.9 <U>Survival of Representations, etc</U>. All representations and warranties
contained in this Agreement or made in writing by or on behalf of the Borrower in connection
herewith shall survive
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the execution and delivery of this Agreement and the Credit Documents, the making of the
Advances and any investigation made by or on behalf of the Lenders, none of which investigations
shall diminish any Lender&#146;s right to rely on such representations and warranties. All obligations
of the Borrower provided for in Sections&nbsp;2.8, 2.9, 2.11, 9.4, 9.7 and 9.16 shall survive any
termination of this Agreement and repayment in full of the Obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.10 <U>Severability</U>. In case one or more provisions of this Agreement or the
other Credit Documents shall be invalid, illegal or unenforceable in any respect under any
applicable Legal Requirement, the validity, legality and enforceability of the remaining provisions
contained herein or therein shall not be affected or impaired thereby.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.11 <U>Usury Not Intended</U>. It is the intent of the Borrower and each Lender in
the execution and performance of this Agreement and the other Credit Documents to contract in
strict compliance with applicable usury laws, including conflicts of law concepts, governing the
Advances of each Lender including such applicable Legal Requirements of the State of Texas and the
United States of America from time to time in effect. In furtherance thereof, each Lender and the
Borrower stipulate and agree that none of the terms and provisions contained in this Agreement or
the other Credit Documents shall ever be construed to create a contract to pay, as consideration
for the use, forbearance or detention of money, interest at a rate in excess of the Maximum Rate
and that for purposes hereof &#147;interest&#148; shall include the aggregate of all charges which constitute
interest under such laws that are contracted for, charged or received under this Agreement. In the
event that the Obligations are accelerated by reason of any election of the holder thereof
resulting from any Event of Default under this Agreement or otherwise, or in the event of any
required or permitted prepayment, then such consideration that constitutes interest may never
include more than the Maximum Rate and excess interest, if any, provided for in this Agreement or
otherwise shall be canceled automatically as of the date of such acceleration or prepayment and, if
theretofore paid, shall be credited on the applicable Obligations (or, if the applicable
Obligations shall have been paid in full, refunded to the Borrower). The provisions of this Section
shall control over all other provisions of this Agreement or the other Credit Documents which may
be in apparent conflict herewith.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.12 <U>Confidentiality</U>. None of the Administrative Agent or Lenders shall
disclose any Confidential Information to any Person without the consent of the Borrower, other than
(a)&nbsp;to the Administrative Agent&#146;s or Lender&#146;s Affiliates and their officers, directors, employees,
agents and advisors, (b)&nbsp;to actual or prospective Eligible Assignees and participants and their
officers, directors, employees, agents and advisors, (c)&nbsp;to any direct, indirect, actual or
prospective counterparty (and its advisor) to any swap, derivative or securitization transaction
related to the obligations under this Agreement, and then, in any event, only on a confidential
basis, (d)&nbsp;as required by any law, rule or regulation or judicial process, (e)&nbsp;as requested or
required by any state, Federal or foreign authority or examiner (including the National Association
of Insurance Commissioners or any similar organization or quasi-regulatory authority) regulating
such Lender or Administrative Agent, or to insurers, insurance brokers or direct or indirect
providers of credit protection when required by it, provided that, prior to any such disclosure,
such Person shall undertake to preserve the confidentiality of any Confidential Information
relating to the Borrower received by it from such Lender or Administrative Agent, (f)&nbsp;to any rating
agency when required by it, provided that, prior to any such disclosure, such rating agency shall
undertake to preserve the confidentiality of any Confidential Information relating to the Borrower
received by it from such Lender or Administrative Agent, (g)&nbsp;in connection with any litigation or
proceeding to which Administrative Agent or such Lender or any of its Affiliates may be a party or
(h)&nbsp;in connection with the exercise of any right or remedy under this Agreement or any other Credit
Document. <B>NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, nothing in this Agreement
shall (a)&nbsp;restrict the Administrative Agent or any Lender from providing</B>
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>information to any bank or other regulatory or governmental authorities, including the Federal
Reserve Board and its supervisory staff; (b)&nbsp;require or permit the Administrative Agent or any
Lender to disclose to the Borrower that any information will be or was provided to the Federal
Reserve Board or any of its supervisory staff; or (c)&nbsp;require or permit the Administrative Agent or
any Lender to inform the Borrower of a current or upcoming Federal Reserve Board examination or any
nonpublic Federal Reserve Board supervisory initiative or action.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.13 <U>Governing Law; Submission to Jurisdiction</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(a)&nbsp;This Agreement, the Notes and the other Credit Documents shall be governed by, and
construed and enforced in accordance with, the laws of the State of New York without regard to
conflict of law principles thereof.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(b)&nbsp;Any legal action or proceeding with respect to this Agreement or any other Credit
Document may be brought in the courts of the state of New York sitting in New York City or of the
United States for the Southern District of such state, and by execution and delivery of this
Agreement, the Borrower, the Administrative Agent and each Lender consents, for itself and in
respect of its property, to the non-exclusive jurisdiction of those courts. The Borrower, the
Administrative Agent and each Lender irrevocably waives any objection, including any objection to
the laying of venue or based on the grounds of </B><B><I>forum non conveniens</I></B><B>, which it may now or
hereafter have to the bringing of any action or proceeding in such jurisdiction in respect of
this Agreement or any other Credit Document or other document related thereto.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(c)&nbsp;The Borrower irrevocably consents to the service of any and all process in any such
action or proceeding by the mailing of copies of such process to it at the address specified for
it in this Agreement.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(d)&nbsp;Nothing in this Section&nbsp;9.13 shall affect the right of the Administrative Agent or any
other Lender to serve legal process in any other manner permitted by law or affect the right of
the Administrative Agent or any other Lender to bring any action or proceeding against the
Borrower in the courts of any other jurisdiction.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">Section&nbsp;9.14</FONT> <U>Waiver of Jury Trial</U>. <FONT style="font-variant: SMALL-CAPS"><B>The Borrower, the Lenders and the
Administrative Agent hereby irrevocably waive any and all right to trial by jury in respect of
any legal proceeding, directly or indirectly (whether sounding in tort, contract or otherwise),
arising out of or relating to this Agreement, any other Credit Document, any of the transactions
contemplated hereby, or the relationship established hereunder.</B></FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">Section&nbsp;9.15</FONT> <FONT style="font-variant: SMALL-CAPS"><U>Waiver of Consequential Damages</U>. <B>To the extent permitted
by applicable law, Borrower shall not assert, and the Borrower hereby waives, any claim against
any other party hereto and each affiliate thereof and their respective directors, officers,
employees and agents, on any theory of liability, for special, indirect, consequential or
punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or
as a result of, this Agreement or any other Credit Document, the Merger, any Advance or Letter of
Credit or the use of the proceeds thereof.</B></FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.16 <U>Judgment Currency</U>. If for the purposes of obtaining judgment in any
court it is necessary to convert a sum due from the Borrower hereunder in the currency expressed to
be payable herein (the &#147;specified currency&#148;) into another currency, the parties hereto agree, to
the fullest extent that
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">they may effectively do so, that the rate of exchange used shall be that at which in
accordance with usual and customary banking procedures the Administrative Agent could purchase the
specified currency with such other currency at any of the Administrative Agent&#146;s offices in the
United States of America on the Business Day preceding that on which final, non-appealable judgment
is given. The obligations of the Borrower in respect of any sum due to any Lender or the
Administrative Agent hereunder shall, notwithstanding any judgment in a currency other than the
specified currency, be discharged only to the extent that on the Business Day following receipt by
such Lender or the Administrative Agent (as the case may be) of any sum adjudged to be so due in
such other currency such Lender or the Administrative Agent (as the case may be) may in accordance
with normal, reasonable banking procedures purchase the specified currency with such other
currency. If the amount of the specified currency so purchased is less than the sum originally due
to such Lender or the Administrative Agent, as the case may be, in the specified currency, the
Borrower agrees, to the fullest extent that it may effectively do so, as a separate obligation and
notwithstanding any such judgment, to indemnify such Lender or the Administrative Agent, as the
case may be, against such loss, and if the amount of the specified currency so purchased exceeds
(a)&nbsp;the sum originally due to any Lender or the Administrative Agent, as the case may be, in the
specified currency and (b)&nbsp;any amounts shared with other Lenders as a result of allocations of such
excess as a disproportionate payment to such Lender under Section&nbsp;2.14, each Lender or the
Administrative Agent, as the case may be, agrees to promptly remit such excess to the Borrower.
All obligations of the Borrower provided in this Section&nbsp;9.16 shall survive any termination of this
Agreement and repayment in full of the Obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.17 <U>Headings Descriptive</U>. The headings of the several Sections and
paragraphs of the Agreement are inserted for convenience only and shall not in any way affect the
meaning or construction of any provision of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.18 <U>USA Patriot Act</U>. Each Lender that is subject to the Act (as hereinafter
defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies
the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56
(signed into law October&nbsp;26, 2001)) (the &#147;<U>Act</U>&#148;), it is required to obtain, verify and
record information that identifies the Borrower, which information includes the name and address of
the Borrower and other information that will allow such Lender or the Administrative Agent, as
applicable, to identify the Borrower in accordance with the Act.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-variant: SMALL-CAPS">This written agreement and the Credit Documents, as defined in this Agreement, represent the
final agreement among the parties and may not be contradicted by evidence of prior,
contemporaneous, or subsequent oral agreements of the parties.</FONT>
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">EXECUTED as of the date first above written.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>NATIONAL OILWELL VARCO, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Daniel L. Molinaro
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Daniel L. Molinaro&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Vice President &#038; Treasurer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left" nowrap><B>WELLS FARGO BANK, NATIONAL ASSOCIATION</B><BR>
as Administrative Agent, Co-Lead Arranger, Joint Book Runner, and a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Eric R. Hollingsworth
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Eric R. Hollingsworth&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Senior Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" nowrap><B>DNB NOR BANK ASA,</B><BR>

as Co-Lead Arranger, Joint Book Runner, and a Lender</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Thomas Tangen</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Thomas Tangen</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">First Vice President</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Henrik Asland</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Henrik Asland</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" nowrap><B>THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.</B>
<BR>
as a Lender</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Linda Terry
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Linda Terry</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President &#038; Manager</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" nowrap><B>FORTIS BANK S.A./N.V., NEW YORK BRANCH</B>
<BR>
as a Lender</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Diran Cholakian
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Diran Cholakian</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Kathleen DeLathauwer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kathleen DeLathauwer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>THE BANK OF NOVA SCOTIA</B><BR>
as a Lender</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ David G. Mills
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">David G. Mills</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>WACHOVIA BANK, N.A.</B>
<BR>
as a Lender</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Leanne S. Phillips
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Leanne S. Phillips</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>BANK OF AMERICA, N.A.</B><BR>
as a Lender</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Shelley A. McGregor
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Shelley A. McGregor</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>CITIBANK, N.A.</B>
<BR>
as a Lender</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Amy Pincu
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amy Pincu</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>JPMORGAN CHASE BANK, N.A.</B><BR>
as a Lender</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Thomas Okamoto
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Thomas Okamoto</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>BARCLAYS BANK PLC</B><BR>
as a Lender</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Colin Goss
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Colin Goss</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" nowrap><B>SKANDINAVISKA ENSKILDA BANKEN AB (PUBL),</B><BR>
 as a Lender</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Penny Neville-Park
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PENNY NEVILLE-PARK</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
<TD align="left" valign="bottom"><DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:<BR>
Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Michael I Dicks
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Michael I Dicks
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="bottom"><DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>BNP PARIBAS</B><BR>
as a Lender</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Gregory George
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gregory George</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Managing Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:<BR>
Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Richard Hawthorne

<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Richard Hawthorne
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Signature
Page to 364-Day Credit Agreement</I><br><I>(National Oilwell Varco, Inc.)</I>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>LLOYDS TSB BANK plc</B><BR>
as a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Mario Del Duca
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Mario Del Duca</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Associate Director <br>
Corporate Banking USA<br>D029&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Carlos Lopez
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Carlos Lopez&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Associate Director<br>
Corporate Banking USA<br>L007&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>EXPORT DEVELOPMENT CANADA</B><BR>
as a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/
Brian Craig
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Brian Craig&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Financing Manager&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                                           /s/ Vivianne Bouchard
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Vivianne Bouchard&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Financing Manager&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="4" align="left"><B>FOKUS BANK, NORWEGIAN BRANCH OF
DANSKE BANK</B>,<br> as a Lender<BR>
&nbsp;</TD>

</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Toril Nag
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Toril Nag&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                                           /s/ Svein Terje Hoiland
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Svein Terje Hoiland&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>NORDEA BANK NORGE ASA</B>, as a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Tom C. Kuhnle
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">TOM C. KUHNLE&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">SVP&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">
Simen Heum Listeruo
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">SIMEN HEUM LISTERUO</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">VP&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>BANCO BILBAO VIZCAYA ARGENTARIA S.A.</B><BR>
as a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Peter Tommaney
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">PETER TOMMANEY&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                                           /s/ Guilherme Gobbo
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Guilherme Gobbo&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President<br>
Global Corporate Banking&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>U.S. BANK NATIONAL ASSOCIATION</B><BR>
as a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Kevin S. McFadden
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Kevin S. McFadden&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
 <TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left" style="border-bottom: 1px solid #000000" >&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left" style="border-bottom: 1px solid #000000" >&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>SVENSKA HANDELSBANKEN AB (PUBL)</B><BR>
as a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Stefan Nilsson
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Stefan Nilsson&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">General Manager&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                                           /s/ Thomas Lerner
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Thomas Lerner&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>STANDARD CHARTERED BANK</B><BR>
as a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ BENJAMIN VELAZQUEZ A2657
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">BENJAMIN VELAZQUEZ A2657&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">DIRECTOR
SYNDICATIONS, AMERICAS&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>

    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD colspan="2" align="left" valign="top">/s/ ROBERT K. REDDINGTON</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD colspan="2" align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ROBERT K. REDDINGTON</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AVP/CREDIT DOCUMENTATION<BR>CREDIT RISK CONTROL<BR>STANDARD CHARTERED BANK N.Y.</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
</TR>


</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>BAYERISCHE HYPO-UND VEREINSBANK AG,</B><BR>
as a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/
K.-H. Janke
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">K.-H. Janke&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">AVP&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">
/s/ H.-H. Wilckens
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">H.-H. Wilckens&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">SVP&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>FIFTH THIRD BANK</B>,<BR>
as a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Mike Mendlnhall
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Mike Mendlnhall&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">VP&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>NATIONAL BANK OF EGYPT,</B><BR>
as a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Mr. Hassan Eissa
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Mr. Hassan Eissa&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">General Manager&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>PNC BANK NATIONAL ASSOCIATION</B><BR>
as a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ W. J. Bowne
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">W. J. Bowne &nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Managing Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>ABU DHABI INTERNATIONAL INC.</B><BR>
as a Lender<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ David J Young
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">David J Young&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                                           /s/ Nagy S Kolta
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Nagy S Kolta&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Executive Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Signature Page to 364-Day Credit Agreement<BR>
(National Oilwell Varco, Inc.)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>Schedule&nbsp;1.1(a)</B></U>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>Revolving Commitments</B></U>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Revolving</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Lender</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Commitment</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Wells Fargo Bank, N.A.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">93,333,333.33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DnB NOR BANK ASA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">93,333,333.33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">The Bank of Tokyo-Mitsubishi UFJ, Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">76,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fortis Bank S.A./N.V., New York Branch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">76,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">The Bank of Nova Scotia</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">76,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Wachovia Bank, N.A.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">56,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Bank of America, N.A.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">56,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Citibank, N.A.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">41,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">JPMorgan Chase Bank, NA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">41,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Barclays Bank PLC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">41,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Skandinaviska Enskilda Banken AB (publ)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">41,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">BNP Paribas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">41,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lloyds TSB Bank plc</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">41,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Export Development Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">30,000,000.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fokus Bank, Norwegian Branch of Danske Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">30,000,000.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Nordea Bank Norge ASA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">30,000,000.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Banco Bilbao Vizcaya Argentaria S.A.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">25,000,000.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">US Bank National Association</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">16,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Svenska Handelsbanken AB (publ)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">16,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Standard Chartered Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">16,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Bayerische Hypo-und Vereinsbank AG</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">16,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fifth Third Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">11,666,666.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">National Bank of Egypt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">10,000,000.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">PNC Bank National Association</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">8,333,333.33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Abu Dhabi International Bank Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">8,333,333.33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>TOTAL:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>1,000,000,000.00</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Schedule&nbsp;1.1(a)
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>SCHEDULE 1.1(b)</B></U>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>MANDATORY COST RATE</B></U>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Mandatory Cost Rate (to the extent applicable) is an addition to the interest rate
otherwise payable to compensate Lenders for the cost of compliance with:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the requirements of the Bank of England and/or the Financial Services Authority
(or, in either case, any other authority which replaces all or any of its functions);
or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the requirements of the European Central Bank.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On the first day of each Interest Period (or as soon as possible thereafter) the
Administrative Agent shall calculate, as a percentage rate, a rate (the &#147;<U>Additional Cost
Rate</U>&#148;) for each Lender, in accordance with the paragraphs set out below. The Mandatory
Cost Rate will be calculated by the Administrative Agent as a weighted average of the Lenders&#146;
Additional Cost Rates (weighted in proportion to the percentage participation of each Lender
in the relevant Advance) and will be expressed as a percentage rate per annum. The
Administrative Agent will, at the request of the Borrower or any Lender, deliver to the
Borrower or such Lender as the case may be, a statement setting forth the calculation of any
Mandatory Cost Rate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Additional Cost Rate for any Lender lending from a Lending Office in a Participating
Member State will be the percentage notified by that Lender to the Administrative Agent. This
percentage will be certified by such Lender in its notice to the Administrative Agent to be
its reasonable determination of the cost (expressed as a percentage of such Lender&#146;s
participation in all Advances made from such Lending Office) of complying with the minimum
reserve requirements of the European Central Bank in respect of Advances made from that
Lending Office.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Additional Cost Rate for any Lender lending from a Lending Office in the United Kingdom
will be calculated by the Administrative Agent as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in relation to any Advance in Pounds Sterling:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="68%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" valign="top">AB&#043;C(B-D)&#043;E x 0.01
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">per cent per annum</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">100 &#150; (A&#043;C)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in relation to any Advance in any currency other than Pounds Sterling:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="68%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">E x 0.01
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">per cent per annum</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">300</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Where:

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#147;A&#148;&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> is the percentage of Eligible Liabilities (assuming these to be in excess of
any stated minimum) which that Lender is from time to time required to maintain as an
interest free cash ratio deposit with the Bank of England to comply with cash ratio
requirements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#147;B&#148;&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> is the percentage rate of interest (excluding the Applicable Margin, the
Mandatory Cost Rate and any interest charged on overdue amounts pursuant to the first
sentence of <U>Section&nbsp;2.6(b)</U>) payable for the relevant Interest Period of such
Advance.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Schedule&nbsp;1.1(b)
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#147;C&#148;&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> is the percentage (if any) of Eligible Liabilities which that Lender is
required from time to time to maintain as interest bearing Special Deposits with the
Bank of England.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#147;D&#148;&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> is the percentage rate per annum payable by the Bank of England on interest
bearing Special Deposits.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#147;E&#148;&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> is designed to compensate Lenders for amounts payable under the Fees Rules and
is calculated by the Administrative Agent as being the average of the most recent rates
of charge supplied by the Lenders to the Administrative Agent pursuant to <U>paragraph
7</U> below and expressed in pounds per &#163;1,000,000.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the purposes of this Schedule:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<U>Eligible Liabilities</U>&#148; and &#147;<U>Special Deposits</U>&#148; have the meanings
given to them from time to time under or pursuant to the Bank of England Act 1998 or
(as may be appropriate) by the Bank of England;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<U>Fees Rules</U>&#148; means the rules on periodic fees contained in the FSA
Supervision Manual or such other law or regulation as may be in force from time to time
in respect of the payment of fees for the acceptance of deposits;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<U>Fee Tariffs</U>&#148; means the fee tariffs specified in the Fees Rules under
the activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee
required pursuant to the Fees Rules but taking into account any applicable discount
rate); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<U>Tariff Base</U>&#148; has the meaning given to it in, and will be calculated in
accordance with, the Fees Rules.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In application of the above formulae, A, B, C and D will be included in the formulae as
figures and not as percentages (<I>i.e. </I>5% will be included in the formula as 5 and not as 0.05).
A negative result obtained by subtracting D from B shall be taken as zero. The resulting
figures shall be rounded to four decimal places.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If requested by the Administrative Agent or the Borrower, each Lender with a Lending Office
in the United Kingdom or a Participating Member State shall, as soon as practicable after
publication by the Financial Services Authority, supply to the Administrative Agent and the
Borrower, the rate of charge payable by such Lender to the Financial Services Authority
pursuant to the Fees Rules in respect of the relevant financial year of the Financial Services
Authority (calculated for this purpose by such Lender as being the average of the Fee Tariffs
applicable to such Lender for that financial year) and expressed in pounds per &#163;1,000,000 of
the Tariff Base of such Lender.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each Lender shall supply any information required by the Administrative Agent for the purpose
of calculating its Additional Cost Rate. In particular, but without limitation, each Lender
shall supply the following information in writing on or prior to the date on which it becomes
a Lender:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the jurisdiction of the Lending Office out of which it is making available its
participation in the relevant Advance; and</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Schedule&nbsp;1.1(b)
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any other information that the Administrative Agent may reasonably require for
such purpose.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each Lender shall promptly notify the Administrative Agent in writing of any change to the
information provided by it pursuant to this paragraph.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The percentages of each Lender for the purpose of A and C above and the rates of charge of
each Lender for the purpose of E above shall be determined by the Administrative Agent based
upon the information supplied to it pursuant to <U>paragraphs 7</U> and <U>8</U> above and
on the assumption that, unless a Lender notifies the Administrative Agent to the contrary,
each Lender&#146;s obligations in relation to cash ratio deposits and Special Deposits are the same
as those of a typical bank from its jurisdiction of incorporation with a Lending Office in the
same jurisdiction as its Lending Office.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Administrative Agent shall have no liability to any Person if such determination results
in an Additional Cost Rate which over- or under-compensates any Lender and shall be entitled
to assume that the information provided by any Lender pursuant to <U>paragraphs 3</U>,
<U>7</U> and <U>8</U> above is true and correct in all respects.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Administrative Agent shall distribute the additional amounts received as a result of the
Mandatory Cost Rate to the Lenders on the basis of the Additional Cost Rate for each Lender
based on the information provided by each Lender pursuant to <U>paragraphs 3</U>, <U>7</U>
and <U>8</U> above.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any determination by the Administrative Agent pursuant to this Schedule in relation to a
formula, the Mandatory Cost Rate, an Additional Cost Rate or any amount payable to a Lender
shall, in the absence of manifest error, be conclusive and binding on all parties hereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Administrative Agent may from time to time, after consultation with the Borrower and the
Lenders, determine and notify to all parties any amendments which are required to be made to
this Schedule in order to comply with any change in law, regulation or any requirements from
time to time imposed by the Bank of England, the Financial Services Authority or the European
Central Bank (or, in any case, any other authority which replaces all or any of their
respective functions) and any such determination shall, in the absence of manifest error, be
conclusive and binding on all parties hereto.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Schedule&nbsp;1.1(b)
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXHIBIT A
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">ASSIGNMENT AND ASSUMPTION

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Assignment and Assumption (the &#147;<U>Assignment and Assumption</U>&#148;) is dated as of the
Effective Date set forth below and is entered into by and between &#091;the&#093;&#091;each&#093;<SUP style="font-size: 85%; vertical-align: text-top">1</SUP> Assignor
identified in item 1 below (&#091;the&#093;&#091;each, an&#093; &#147;<U>Assignor</U>&#148;) and &#091;the&#093;&#091;each&#093;<SUP style="font-size: 85%; vertical-align: text-top">2</SUP>
Assignee identified in item 2 below (&#091;the&#093;&#091;each, an&#093; &#147;<U>Assignee</U>&#148;). &#091;It is understood and
agreed that the rights and obligations of &#091;the Assignors&#093;&#091;the Assignees&#093;<SUP style="font-size: 85%; vertical-align: text-top">3</SUP> hereunder are
several and not joint.&#093;<SUP style="font-size: 85%; vertical-align: text-top">4</SUP> Capitalized terms used but not defined herein shall have the
meanings given to them in the Credit Agreement identified below (as amended, the &#147;<U>Credit
Agreement</U>&#148;), receipt of a copy of which is hereby acknowledged by &#091;the&#093;&#091;each&#093; Assignee. The
Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and
incorporated herein by reference and made a part of this Assignment and Assumption as if set forth
herein in full.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For an agreed consideration, &#091;the&#093;&#091;each&#093; Assignor hereby irrevocably sells and assigns to &#091;the
Assignee&#093;&#091;the respective Assignees&#093;, and &#091;the&#093;&#091;each&#093; Assignee hereby irrevocably purchases and
assumes from &#091;the Assignor&#093;&#091;the respective Assignors&#093;, subject to and in accordance with the
Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i)&nbsp;all of &#091;the Assignor&#146;s&#093;&#091;the respective Assignors&#146;&#093;
rights and obligations in &#091;its capacity as a Lender&#093;&#091;their respective capacities as Lenders&#093; under
the Credit Agreement and any other documents or instruments delivered pursuant thereto to the
extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of &#091;the Assignor&#093;&#091;the respective Assignors&#093; under the respective facilities
identified below (including without limitation any letters of credit, guarantees, and swingline
loans included in such facilities) and (ii)&nbsp;to the extent permitted to be assigned under applicable
law, all claims, suits, causes of action and any other right of &#091;the Assignor (in its capacity as a
Lender&#093;&#091;the respective Assignors (in their respective capacities as Lenders)&#093; against any Person,
whether known or unknown, arising under or in connection with the Credit Agreement, any other
documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in
any way based on or related to any of the foregoing, including, but not limited to, contract
claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity
related to the rights and obligations sold and assigned pursuant to clause (i)&nbsp;above (the rights
and obligations sold and assigned by &#091;the&#093;&#091;any&#093; Assignor to &#091;the&#093;&#091;any&#093; Assignee pursuant to clauses
(i)&nbsp;and (ii)&nbsp;above being referred to herein collectively as &#091;the&#093;&#091;an&#093; &#147;<U>Assigned Interest</U>&#148;).
Each such sale and assignment is without recourse to &#091;the&#093;&#091;any&#093; Assignor and, except as expressly
provided in this Assignment and Assumption, without representation or warranty by &#091;the&#093;&#091;any&#093;
Assignor.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assignor&#091;s&#093;:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assignee&#091;s&#093;:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>For bracketed language here and elsewhere in this form
relating to the Assignor(s), if the assignment is from a single Assignor,
choose the first bracketed language. If the assignment is from multiple
Assignors, choose the second bracketed language.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>For bracketed language here and elsewhere in this form
relating to the Assignee(s), if the assignment is to a single Assignee, choose
the first bracketed language. If the assignment is to multiple Assignees,
choose the second bracketed language.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">

<TD nowrap align="left">3</TD>
    <TD>&nbsp;</TD>
    <TD>Select as appropriate.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">

<TD nowrap align="left">4</TD>
    <TD>&nbsp;</TD>
    <TD>Include bracketed language if there are either multiple Assignors
or multiple Assignees.</TD>
</TR>

</TABLE>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;A<BR>
Page 1 of 5
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">&#091;for each Assignee, indicate Affiliate of &#091;<I>identify Lender</I>&#093;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Borrower:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NATIONAL OILWELL VARCO, INC.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Administrative Agent:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WELLS FARGO BANK, NATIONAL ASSOCIATION</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Credit Agreement:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The $1,000,000,000 364-Day Credit Agreement
dated as of April&nbsp;21, 2008 among Borrower,
the Lenders parties thereto, the
Administrative Agent, and the other agents
parties thereto.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">6.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assigned Interest&#091;s&#093;:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Aggregate</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Amount of</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Amount of</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Percentage</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Revolving</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Revolving</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Assigned of</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Commitment/</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Commitment/</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Revolving</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Assignee</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Facility</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Advances for all</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Advances</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 0x solid #000000">Commitment/</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">CUSIP</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Assignor&#091;s&#093;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">&#091;s&#093;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Assigned</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Lenders<SUP style="font-size: 85%; vertical-align: text-top">5</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Assigned<SUP style="font-size: 85%; vertical-align: text-top">8</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Advances <SUP style="font-size: 85%; vertical-align: text-top">6</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#091;7.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Trade Date:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&#093;<SUP style="font-size: 85%; vertical-align: text-top">7</SUP></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Effective
Date:
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> &#95;&#95;&#95;, 20&#95;&#95;&#95; &#091; TO BE INSERTED BY THE ADMINISTRATIVE AGENT AND WHICH
SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.&#093;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The terms set forth in this Assignment and Assumption are hereby agreed to:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%"><U>ASSIGNOR&#091;S&#093;</U><BR>
&#091;NAME OF ASSIGNOR&#093;

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%">By:<FONT style="border-bottom: 1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><BR>
&nbsp;&nbsp;&nbsp; Title:

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%"><U>ASSIGNEE&#091;S&#093;</U><BR>
&#091;NAME OF ASSIGNEE&#093;

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%">By:<FONT style="border-bottom: 1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><BR>
&nbsp;&nbsp;&nbsp; Title:

</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">5</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Amount to be adjusted by the counterparties to take
into account any payments or prepayments made between the Trade Date and the
Effective Date.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">6</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Set forth, to at least 9 decimals, as a percentage of
the Commitment/Advances of all Lenders thereunder.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">7</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>To be completed if the Assignor(s) and the Assignee(s)
intend that the minimum assignment amount is to be determined as of the Trade
Date.</TD>
</TR>

</TABLE>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;A<BR>
Page 2 of 5
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Consented to and Accepted:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">WELLS FARGO BANK, NATIONAL ASSOCIATION, as<BR>
&nbsp;&nbsp;&nbsp; Administrative Agent

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">By<FONT style="border-bottom: 1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><BR>
&nbsp;&nbsp;&nbsp;Title:<BR>
&#091;Consented to:&#093;<SUP style="font-size: 85%; vertical-align: text-top">8</SUP>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">NATIONAL OILWELL VARCO, INC.

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">By<FONT style="border-bottom: 1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><BR>
&nbsp;&nbsp;&nbsp;Title:

</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">8</TD>
    <TD>&nbsp;</TD>
    <TD>Borrower&#146;s consent not necessary if Event of Default exists.</TD>
</TR>

</TABLE>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;A<BR>
Page 3 of 5
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">






<DIV align="right" style="font-size: 10pt; margin-top: 12pt">ANNEX 1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">STANDARD TERMS AND CONDITIONS FOR<BR>
ASSIGNMENT AND ASSUMPTION
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. <U>Representations and Warranties</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1.1 <U>Assignor&#091;s&#093;</U>. &#091;The&#093;&#091;Each&#093; Assignor (a)&nbsp;represents and warrants that (i)&nbsp;it is the
legal and beneficial owner of &#091;the&#093;&#091;the relevant&#093; Assigned Interest, (ii) &#091;the&#093;&#091;such&#093; Assigned
Interest is free and clear of any lien, encumbrance or other adverse claim and (iii)&nbsp;it has full
power and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby; and (b)&nbsp;assumes no
responsibility with respect to (i)&nbsp;any statements, warranties or representations made in or in
connection with the Credit Agreement or any other Credit Document, (ii)&nbsp;the execution, legality,
validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any
collateral thereunder, (iii)&nbsp;the financial condition of the Borrower, any of its Subsidiaries or
Affiliates or any other Person obligated in respect of any Credit Document or (iv)&nbsp;the performance
or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of
their respective obligations under any Credit Document.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1.2. <U>Assignee&#091;s&#093;</U>. &#091;The&#093;&#091;Each&#093; Assignee (a)&nbsp;represents and warrants that (i)&nbsp;it has full
power and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii)&nbsp;it meets all the requirements set forth in the definition of &#147;Eligible
Assignee&#148; under the Credit Agreement (subject to such consents, if any, as may be required
thereunder), (iii)&nbsp;from and after the Effective Date, it shall be bound by the provisions of the
Credit Agreement as a Lender thereunder and, to the extent of &#091;the&#093;&#091;the relevant&#093; Assigned
Interest, shall have the obligations of a Lender thereunder, (iv)&nbsp;it is sophisticated with respect
to decisions to acquire assets of the type represented by the Assigned Interest and either it, or
the person exercising discretion in making its decision to acquire the Assigned Interest, is
experienced in acquiring assets of such type, (v)&nbsp;it has received a copy of the Credit Agreement,
and has received or has been accorded the opportunity to receive copies of the most recent
financial statements delivered pursuant to Section&nbsp;5.6 thereof, as applicable, and such other
documents and information as it deems appropriate to make its own credit analysis and decision to
enter into this Assignment and Assumption and to purchase &#091;the&#093;&#091;such&#093; Assigned Interest, (vi)&nbsp;it
has, independently and without reliance upon the Administrative Agent or any other Lender and based
on such documents and information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Assignment and Assumption and to purchase &#091;the&#093;&#091;such&#093; Assigned
Interest, and (vii)&nbsp;if it is a Foreign Lender, attached to the Assignment and Assumption is any
documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly
completed and executed by &#091;the&#093;&#091;such&#093; Assignee; and (b)&nbsp;agrees that (i)&nbsp;it will, independently and
without reliance on the Administrative Agent, &#091;the&#093;&#091;any&#093; Assignor or any other Lender, and based on
such documents and information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under the Credit Documents, and (ii)&nbsp;it will
perform in accordance with their terms all of the obligations which by the terms of the Credit
Documents are required to be performed by it as a Lender.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. <U>Payments</U>. From and after the Effective Date, the Administrative Agent shall make all
payments in respect of &#091;the&#093;&#091;each&#093; Assigned Interest (including payments of principal, interest,
fees and other amounts) to &#091;the&#093;&#091;the relevant&#093; Assignee whether such amounts have accrued prior to,
on or after the Effective Date. The Assignor&#091;s&#093; and the Assignee&#091;s&#093; shall make all appropriate
adjustments in payments by the Administrative Agent for periods prior to the Effective Date or with
respect to the making of this assignment directly between themselves.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;A<BR>
Page 4 of 5
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. <U>General Provisions</U>. This Assignment and Assumption shall be binding upon, and inure to
the benefit of, the parties hereto and their respective successors and assigns. This Assignment
and Assumption may be executed in any number of counterparts, which together shall constitute one
instrument. Delivery of an executed counterpart of a signature page of this Assignment and
Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this
Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the law of the State of New York.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;A<BR>
Page 5 of 5
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXHIBIT
B<BR><br>
COMPLIANCE CERTIFICATE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
certificate dated as of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> &#95;&#95;&#95;, 20&#95;&#95;&#95; is prepared pursuant to Section&nbsp;5.6 &#091;(a)&#093;
&#091;(b)&#093; of the 364-Day Credit Agreement dated as of April&nbsp;21, 2008 (as it may be amended in
accordance with its terms, the &#147;Credit Agreement&#148;) among National Oilwell Varco, Inc. (the
&#147;Borrower&#148;), the Lenders, Wells Fargo Bank, National Association, as Administrative Agent, and the
other agents named therein. Unless otherwise defined in this certificate, capitalized terms that
are defined in the Credit Agreement shall have the meaning set forth in the Credit Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower hereby certifies to the Administrative Agents and the Lenders as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;The attached financial statements are (check one) <B>&#091; &#093; </B>quarterly financial statements dated
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, <B>&#091; &#093; </B>annual financial statements dated <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, and fairly
present on a consolidated basis the balance sheet, statements of income and retained earnings and
cash flows of the Borrower covered thereby as of the date thereof and for the period covered
thereby, other than the omission of any footnotes as permitted at such time by the SEC and subject
to normal year-end audit adjustments for any such financial statements that are quarterly financial
statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;As of the date of the attached financial statements and with respect to the Borrower on a
consolidated basis:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;The compliance with the provisions of <U>Section&nbsp;6.9</U> is as follows:
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Leverage Ratio</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Actual</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="left" colspan="3" style="border-bottom: 1px solid #000000">Required</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">__ to 1.00</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">0.50 to 1.00</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;No Default has occurred or is continuing and all of the representations and warranties made
by the Borrower in the Credit Agreement and each other Credit Document (other than the
representation and warranty made under Section&nbsp;4.15(b) of the Credit Agreement) are true and
correct in all material respects as if made on this date, except to the extent that such
representations and warranties expressly relate solely to an earlier date, in which case they are
true and correct in all material respects as of such earlier date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executed this <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> day of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 20&#95;&#95;&#95;.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">NATIONAL OILWELL VARCO, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 0px solid #000000" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left"  style="border-bottom: 1px solid #000000" >&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 0px solid #000000" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left" style="border-bottom: 1px solid #000000" >&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;B<BR>
Page 1 of 1
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXHIBIT C
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">NOTICE OF BORROWING<BR>
&#091;DATE&#093;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Wells Fargo Bank, National Association,<BR>
as Administrative Agent under the Credit Agreement herein described<BR>
1740 Broadway<BR>
C7300-034<BR>
Denver, Colorado 80274<BR>
Attention: Agency Syndication

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ladies and Gentlemen:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The undersigned, NATIONAL OILWELL VARCO, INC., a Delaware corporation (the &#147;Borrower&#148;), refers to
the 364-Day Credit Agreement dated as of April&nbsp;21, 2008 (as the same may be further amended or
modified from time to time, the &#147;Credit Agreement,&#148; the defined terms of which are used in this
Notice of Borrowing unless otherwise defined in this Notice of Borrowing) among the Borrower, the
Lenders, Wells Fargo Bank, National Association as the Administrative Agent and hereby gives you
irrevocable notice pursuant to Section&nbsp;2.2(a) of the Credit Agreement that the undersigned hereby
requests a Revolving Borrowing, and in connection with that request sets forth below the
information relating to such Revolving Borrowing (the &#147;Proposed Borrowing&#148;) as required by
Section&nbsp;2.2(a) of the Credit Agreement:
</DIV>




<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Business Day of the Proposed Borrowing is <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 20&#95;&#95;&#95;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Proposed Borrowing will be a Revolving Borrowing composed of &#091;Prime Rate
Advances&#093; &#091;Eurocurrency Rate Advances&#093;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The aggregate amount of the Proposed Borrowing is $<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Interest Period for each Eurocurrency Rate Advance made as part of the Proposed
Borrowing is &#091;&#95;&#95;&#95;month&#091;s&#093;&#093;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#091;(e) The Designated Currency of the Proposed Borrowing is <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.&#093;
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The undersigned hereby certifies that the following statements are true on the date hereof, and
will be true on the date of the Proposed Borrowing:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;the representations and warranties contained in the Credit Agreement and each of the
other Credit Documents (other than the representation and warranty made under Section&nbsp;4.15(b) of
the Credit Agreement)<SUP style="font-size: 85%; vertical-align: text-top">*</SUP> are true and correct in all material respects on and as of the
date of Proposed
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">*</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>This parenthetical shall not apply with respect
to the Notice of Borrowing made for the initial Advance under the Credit
Agreement.</TD>
</TR>

</TABLE>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;C<BR>
Page 1 of 2
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Borrowing, before and after giving effect to such Proposed Borrowing and to the application of
the proceeds from such Proposed Borrowing, as though made on and as of the date of such Proposed
Borrowing, except to the extent that any such representation or warranty expressly relates solely
to an earlier date, in which case such representations and warranties are true and correct in all
material respects as of such earlier date; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;no Default has occurred and is continuing or would result from the Proposed Borrowing or
from the application of the proceeds therefrom.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Very truly yours,<BR>
<BR>
<BR>
NATIONAL OILWELL VARCO, INC.,<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left" style="border-bottom: 1px solid #000000" >&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left" style="border-bottom: 1px solid #000000" >&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;C<BR>
Page 2 of 2
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXHIBIT D
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">NOTICE OF CONVERSION OR CONTINUATION<BR>
&#091;Date&#093;

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Wells Fargo Bank, National Association,<BR>
as Administrative Agent under the Credit Agreement herein described<BR>
1740 Broadway<BR>
C7300-034<BR>
Denver, Colorado 80274<BR>
Attention: Agency Syndication

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ladies and Gentlemen:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The undersigned, National Oilwell Varco, Inc., a Delaware corporation (the &#147;Borrower&#148;), refers to
the
364-Day Credit Agreement dated as of April&nbsp;21, 2008, (as the same may be further amended or
modified from time to time, the &#147;Credit Agreement,&#148; the defined terms of which are used in this
Notice of Conversion or Continuation unless otherwise defined in this Notice of Conversion or
Continuation), among the Borrower, the Lenders, Wells Fargo Bank, National Association as the
Administrative Agent, and the other agents named therein and hereby gives you irrevocable notice
pursuant to Section&nbsp;2.2(b) of the Credit Agreement that the undersigned hereby requests a
Conversion or continuation of an outstanding Revolving Borrowing, and in connection with that
request sets forth below the information relating to such Conversion or continuation (the &#147;Proposed
Borrowing&#148;) as required by Section&nbsp;2.2(b) of the Credit Agreement:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Business Day of the Proposed Borrowing is <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 20&#95;&#95;&#95;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Proposed Borrowing will be a composed of &#091;Prime Rate Advances&#093; &#091;Eurocurrency
Rate Advances&#093;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The aggregate amount of the Revolving Borrowing to be Converted or continued is $ <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
and consists of &#091;Prime Rate Advances&#093; &#091;Eurocurrency Rate Advances&#093;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Proposed Borrowing consists of &#091;a Conversion to &#091;Prime Rate Advances&#093;
&#091;Eurocurrency Rate Advances&#093;&#093; &#091;a continuation of &#091;Prime Rate Advances&#093; &#091;Eurocurrency Rate
Advances&#093;&#093;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Interest Period for each Eurocurrency Rate Advance made as part of the Proposed
Borrowing is &#091;&#95;&#95;&#95;month&#091;s&#093;&#093;.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Very truly yours,<BR>
<BR>
<BR>
NATIONAL OILWELL VARCO, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left" style="border-bottom: 1px solid #000000" >&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left" style="border-bottom: 1px solid #000000" >&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;D<BR>
Page 1 of 1
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXHIBIT
E<BR><br>
FORM OF REVOLVING NOTE
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 20&#95;&#95;&#95;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For value received, the undersigned NATIONAL OILWELL VARCO, INC., a Delaware corporation
(&#147;Borrower&#148;), hereby promises to pay to the order of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (&#147;Lender&#148;) the
principal amount of
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
and &#95;&#95;&#95;/100 Dollars ($<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U>) or, if less, the aggregate
outstanding principal amount of each Revolving Advance (as defined in the Credit Agreement referred
to below) made by the Lender to the Borrower, together with interest on the unpaid principal amount
of each such Revolving Advance from the date of such Revolving Advance until such principal amount
is paid in full, at such interest rates, and at such times, as are specified in the Credit
Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Revolving Note is one of the Revolving Notes referred to in, and is entitled to the
benefits of, and is subject to the terms of, the 364-Day Credit Agreement dated as of April&nbsp;21,
2008 (as the same may be further amended or modified from time to time, the &#147;Credit Agreement&#148;),
among the Borrower, the lenders party thereto from time to time (including the Lender), Wells Fargo
Bank, National Association, as Administrative Agent, and the other agents named therein.
Capitalized terms used in this Revolving Note that are defined in the Credit Agreement and not
otherwise defined in this Revolving Note have the meanings assigned to such terms in the Credit
Agreement. The Credit Agreement, among other things, (a)&nbsp;provides for the making of Revolving
Advances by the Lender to the Borrower from time to time in an aggregate amount not to exceed at
any time outstanding the Dollar Amount first above mentioned and (b)&nbsp;contains provisions for
acceleration of the maturity of this Revolving Note upon the happening of certain events stated in
the Credit Agreement and for prepayments of principal prior to the maturity of this Revolving Note
upon the terms and conditions specified in the Credit Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Both principal and interest are payable in the Designated Currency of the Revolving Advances
to the Administrative Agent at 1000 Louisiana, 9<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Houston, Texas 77002 (or at
such other location or address as may be specified by the Administrative Agent to the Borrower) in
same day funds. The Lender shall record all Revolving Advances and payments of principal made
under this Revolving Note, but no failure of the Lender to make such recordings shall affect the
Borrower&#146;s repayment obligations under this Revolving Note.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as specifically provided in the Credit Agreement, the Borrower hereby waives
presentment, demand, protest, notice of intent to accelerate, notice of acceleration, and any other
notice of any kind. No failure to exercise, and no delay in exercising, any rights hereunder on
the part of the holder of this Note shall operate as a waiver of such rights.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;E<BR>
Page 1 of 2
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Revolving Note shall be governed by, and construed and enforced in accordance with, the
laws of the state of New York without regard to conflict of law principles thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS WRITTEN NOTE, TOGETHER WITH THE OTHER CREDIT DOCUMENTS, AS DEFINED IN THE CREDIT
AGREEMENT, REPRESENT THE FINAL AGREEMENT BETWEEN THE BORROWER AND THE LENDER WITH RESPECT TO THE
SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR
SUBSEQUENT ORAL AGREEMENTS OF THE BORROWER AND THE LENDER.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">NATIONAL OILWELL VARCO, INC<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left" style="border-bottom: 1px solid #000000" >&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left" style="border-bottom: 1px solid #000000" >&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;E<BR>
Page 2 of 2
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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