Gregory L. Cauthen Bellaire, TX 77401 Dear Greg:Transocean Ltd. • May 21st, 2009 • Drilling oil & gas wells • Texas
You have notified Transocean Offshore Deepwater Drilling Inc. (the “Company”) that you have elected to terminate your employment as of August 31, 2009. The Company desires to secure your services in a consulting capacity following your termination of employment, and you have agreed to provide these services. In connection therewith, the Company and you agree to the terms of this agreement (“Agreement”) as follows:
