On January 27, 2020, Ovintiv Inc. entered into a credit agreement dated as of January 27, 2020, between Ovintiv, as Borrower, JPMorgan Chase Bank, N.A., RBC Capital Markets, Canadian Imperial Bank of Commerce, Citibank, N.A., TD Securities, as Joint Lead Arrangers and Joint Bookrunners, BMO Capital Markets and The Bank of Nova Scotia, as Joint Lead Arrangers, Bank of Montreal and The Bank of Nova Scotia, as Documentation Agents, JPMorgan Chase Bank, N.A., as Administrative Agent, and the initial lenders and initial issuing banks named therein (the “U.S. Credit Agreement”). The U.S. Credit Agreement provides for total revolving commitments of $2.5 billion, with a termination date of July 15, 2024, unless the date of termination is extended pursuant to the terms of the agreement. The termination date is extendable from time to time, but not more than once per calendar year, for a period not longer than five years plus 90 days from the date of the extension request, upon the request of Ovintiv and acceptance of the lenders. The facility is unsecured, bears interest at the Base Rate or Eurodollar Rate (each as defined in the U.S. Credit Agreement), plus the Applicable Margin (as defined in the U.S. Credit Agreement), and contains customary covenants and events of default. Ovintiv’s obligations under the U.S. Credit Agreement are guaranteed by Newfield Exploration Company, an indirect, wholly-owned subsidiary of Ovintiv (the “U.S. Subsidiary”), and by the Canadian Subsidiary, each pursuant to a guarantee dated January 27, 2020 (the “U.S. Credit Agreement Subsidiary Guarantees”). On January 27, 2020, Ovintiv Canada ULC (the Canadian Subsidiary) entered into a credit agreement dated as of January 27, 2020, among the Canadian Subsidiary, as borrower, Ovintiv, as guarantor, the financial institutions party thereto, as lenders, and Royal Bank of Canada, as administrative agent (the “Canadian Credit Agreement”). The Canadian Credit Agreement provides for total revolving commitments of $1.5 billion, with a maturity date of July 15, 2024, unless the maturity date is extended pursuant to the terms thereof. The maturity date is extendable from time to time, upon the request of the Canadian Subsidiary and the acceptance of the lenders, but not more than once per calendar year, and for a period of not longer than five years from the date which is 90 days after the date of the extension request. The facility is unsecured, bears interest at certain applicable rates plus the Applicable Pricing Margin (as defined in the Canadian Credit Agreement), and contains customary covenants and events of default. In addition to Ovintiv’s guarantee of the Canadian Subsidiary’s obligations under the Canadian Credit Agreement, the Canadian Subsidiary’s obligations under the Canadian Credit Agreement are also guaranteed by the U.S. Subsidiary.