0001193125-12-399405 Sample Contracts

FORM OF AGREEMENT OF LIMITED PARTNERSHIP OF SEADRILL OPERATING LP DATED AS OF SEPTEMBER , 2012
Limited Partnership Agreement • September 21st, 2012 • Seadrill Partners LLC • Drilling oil & gas wells • Marshall Islands

THIS AGREEMENT OF LIMITED PARTNERSHIP OF SEADRILL OPERATING LP, dated as of September , 2012, is entered into and executed by SEADRILL OPERATING GP LLC, a Marshall Islands limited liability company, as the General Partner, and SEADRILL LIMITED, a Bermuda company, and SEADRILL PARTNERS LLC, a Marshall Islands limited liability company, as Limited Partners.

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FORM OF OMNIBUS AGREEMENT AMONG SEADRILL LIMITED SEADRILL MEMBER LLC SEADRILL PARTNERS LLC SEADRILL OPERATING GP LLC SEADRILL OPERATING LP AND SEADRILL CAPRICORN HOLDINGS LLC
Omnibus Agreement • September 21st, 2012 • Seadrill Partners LLC • Drilling oil & gas wells

THIS OMNIBUS AGREEMENT is entered into on, and effective as of, the Closing Date (as defined herein), among Seadrill Limited, a limited company organized under the laws of Bermuda (“Seadrill”), Seadrill Partners LLC, a Marshall Islands limited liability company (the “Company”), Seadrill Member LLC, a Marshall Islands limited liability company and member of the Company (including any permitted successors and assigns under the Operating Agreement (as defined herein)) (the “Seadrill Member”), Seadrill Operating LP, a Marshall Islands limited partnership (“Operating LP”), Seadrill Operating GP LLC, a Marshall Islands limited liability company and the general partner of OPCO (“Operating GP”), and Seadrill Capricorn Holdings LLC, a Marshall Islands limited liability company (“Holdings LLC” and, together with Operating LP, “OPCO”).

FORM OF LIMITED LIABILITY COMPANY AGREEMENT OF SEADRILL OPERATING GP LLC, A MARSHALL ISLANDS LIMITED LIABILITY COMPANY DATED AS OF SEPTEMBER , 2012
Limited Liability Company Agreement • September 21st, 2012 • Seadrill Partners LLC • Drilling oil & gas wells • Marshall Islands

This Limited Liability Company Agreement (this “Agreement”) is made and entered into effective as of the day of September, 2012, by Seadrill Partners LLC, a Marshall Islands limited liability company (“SDLP”).

FORM OF AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF SEADRILL CAPRICORN HOLDINGS LLC A Marshall Islands Limited Liability Company Dated as of September , 2012
Limited Liability Company Agreement • September 21st, 2012 • Seadrill Partners LLC • Drilling oil & gas wells • Marshall Islands

This Amended and Restated Limited Liability Company Agreement of Seadrill Capricorn Holdings LLC, a Marshall Islands limited liability company (the “Company”), is made and entered into effective as of the day of September, 2012, by Seadrill Partners LLC, a Marshall Islands limited liability company (“Seadrill Partners”).

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