Common use of Collateral Questionnaire Clause in Contracts

Collateral Questionnaire. Reference is made to that certain Credit Agreement, dated as of May 10, 2013 (as amended, modified, supplemented or restated, the “Credit Agreement”), by and among Independence Contract Drilling, Inc., a Delaware corporation (“ICD”), each of ICD’s domestic Subsidiaries identified on the signature pages thereof or hereafter becoming a “Borrower” by joinder thereto (together with ICD, each a “Grantor” and collectively, the “Grantors”), the lenders party thereto from time to time (the “Lenders”) and CIT Finance LLC, as Administrative Agent and Collateral Agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Agent”). Capitalized terms used herein without definition shall have the meanings ascribed to them in the Credit Agreement. Each Grantor hereby certifies to the Agent and Lenders that, as of May 10, 2013, the following statements are true and correct: