0000950129-07-005036 Sample Contracts

PUT OPTION AND REGISTRATION RIGHTS AGREEMENT dated as of October 18, 2007 among PACIFIC DRILLING LIMITED, TRANSOCEAN PACIFIC DRILLING INC., TRANSOCEAN INC. and TRANSOCEAN OFFSHORE INTERNATIONAL VENTURES LIMITED
Put Option And • October 24th, 2007 • Transocean Inc • Drilling oil & gas wells • New York

This PUT OPTION AND REGISTRATION RIGHTS AGREEMENT, dated as of October 18, 2007 (as amended, supplemented or otherwise modified from time to time, this “Agreement”), among PACIFIC DRILLING LIMITED, a corporation organized under the laws of Liberia (“Pacific Drilling”), TRANSOCEAN PACIFIC DRILLING INC., a BVI Business Company incorporated under the laws of the British Virgin Islands (the “Company”), TRANSOCEAN INC., a company organized under the laws of the Cayman Islands (“Transocean”), and TRANSOCEAN OFFSHORE INTERNATIONAL VENTURES LIMITED, a company organized under the laws of the Cayman Islands (“TOIVL”).

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