0001193125-08-250482 Sample Contracts

AMENDED AND RESTATED COMMERCIAL PAPER DEALER AGREEMENT between TRANSOCEAN INC., as Issuer and
Commercial Paper Dealer Agreement • December 9th, 2008 • Transocean Inc • Drilling oil & gas wells • New York

This amended and restated agreement (the “Agreement”) sets forth the understandings between the Issuer and the Dealer, each named on the cover page hereof, in connection with the issuance and sale by the Issuer of its short-term promissory notes (the “Notes”) through the Dealer. This Agreement amends and restates in its entirety the original agreement of the Issuer and Dealer dated as of December 20, 2007.

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