0001193125-13-187790 Sample Contracts

ADVISORY, TECHNICAL AND ADMINISTRATIVE SERVICES AGREEMENT between Seadrill Americas Inc. and Seadrill Canada Ltd.
Advisory, Technical and Administrative Services Agreement • April 30th, 2013 • Seadrill Partners LLC • Drilling oil & gas wells • England and Wales

THIS ADVISORY, TECHNICAL AND ADMINISTRATIVE SERVICES AGREEMENT (the “Agreement”) is made on as of the Effective Date set forth below.

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CONTRIBUTION AND SALE AGREEMENT Dated as of October 22, 2012
Contribution and Sale Agreement • April 30th, 2013 • Seadrill Partners LLC • Drilling oil & gas wells • New York

This CONTRIBUTION AND SALE AGREEMENT (this “Agreement”), dated as of October 22, 2012 is made by and among Seadrill Limited, a Bermuda exempted company (“Seadrill”), Seadrill Partners LLC, a Marshall Islands limited liability company (the “Company”), Seadrill Member LLC, a Marshall Islands limited liability company (the “Seadrill Member”), Seadrill Operating GP LLC, a Marshall Islands limited liability company (“OPCO GP”), Seadrill Operating LP, a Marshall Islands limited partnership (“Seadrill Operating”), Seadrill Capricorn Holdings LLC, a Marshall Islands limited liability company (“Seadrill Capricorn Holdings”), Seadrill Opco Sub LLC, a Marshall Islands limited liability company (“Seadrill Opco Sub”), Seadrill Americas Inc., a Texas corporation (“Seadrill Americas”), Seadrill Offshore AS, a Norwegian company (“Seadrill Offshore”), and Seadrill UK Ltd., a private company limited by shares incorporated in England (“Seadrill UK”). The above-named entities are sometimes referred to in

MANAGEMENT AND ADMINISTRATIVE SERVICES AGREEMENT between Seadrill Management AS and Seadrill Partners LLC
Management and Administrative Services Agreement • April 30th, 2013 • Seadrill Partners LLC • Drilling oil & gas wells

THIS MANAGEMENT AND ADMINISTRATIVE SERVICES AGREEMENT (the “Agreement”) is entered into on October 24, 2012 and is effective as of the Effective Date set forth below.

AGREEMENT OF LIMITED PARTNERSHIP OF SEADRILL OPERATING LP DATED AS OF SEPTEMBER 27, 2012
Limited Partnership Agreement • April 30th, 2013 • Seadrill Partners LLC • Drilling oil & gas wells • Marshall Islands

THIS AGREEMENT OF LIMITED PARTNERSHIP OF SEADRILL OPERATING LP, dated as of September 27, 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.

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 • April 30th, 2013 • 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 Bermuda exempted company limited by shares (“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 Operating LP (“Operating GP”), and Seadrill Capricorn Holdings LLC, a Marshall Islands limited liability company (“Holdings LLC” and, together with Operating LP, “OPCO”).

MANAGEMENT SERVICES AGREEMENT
Management Services Agreement • April 30th, 2013 • Seadrill Partners LLC • Drilling oil & gas wells • London

This MANAGEMENT SERVICES AGREEMENT (“Agreement”) entered into on October 22, 2012, between Seadrill UK Ltd. (“Company”) and Seadrill Partners LLC (“Customer”) and became effective on the Effective Date (as hereinafter defined).

LIMITED LIABILITY COMPANY AGREEMENT OF SEADRILL OPERATING GP LLC, A MARSHALL ISLANDS LIMITED LIABILITY COMPANY DATED AS OF SEPTEMBER 27, 2012
Limited Liability Company Agreement • April 30th, 2013 • 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 27th day of September, 2012, by Seadrill Partners LLC, a Marshall Islands limited liability company (“SDLP”).

FIRST AMENDED AND RESTATED OPERATING AGREEMENT OF SEADRILL PARTNERS LLC
Operating Agreement • April 30th, 2013 • Seadrill Partners LLC • Drilling oil & gas wells • Marshall Islands

THIS FIRST AMENDED AND RESTATED OPERATING AGREEMENT OF SEADRILL PARTNERS LLC, dated as of October 24, 2012, is entered into by Seadrill Member LLC, a Marshall Islands limited liability company, and Seadrill Limited, a Bermuda exempted company, together with any other Persons who become Members in the Company or parties hereto as provided herein. In consideration of the covenants, conditions and agreements contained herein, the parties agree as follows:

AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF SEADRILL CAPRICORN HOLDINGS LLC A Marshall Islands Limited Liability Company Dated as of October 18, 2012
Limited Liability Company Agreement • April 30th, 2013 • 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 18th day of October, 2012, by Seadrill Partners LLC, a Marshall Islands limited liability company (“Seadrill Partners”).

REVOLVING LOAN AGREEMENT dated as of October 24, 2012 between Seadrill Operating LP and Seadrill Capricorn Holdings LLC as Borrowers and Seadrill Limited as Lender
Revolving Loan Agreement • April 30th, 2013 • Seadrill Partners LLC • Drilling oil & gas wells • New York

THIS REVOLVING LOAN AGREEMENT (this “Agreement”) is made and entered into as of October 24, 2012 by and among Seadrill Limited, a Bermuda company (the “Lender”) and Seadrill Operating LP, a Marshall Islands limited partnership (“Seadrill Operating”), and Seadrill Capricorn Holdings LLC, a Marshall Islands limited liability company (“Seadrill Capricorn” together with Operating, the “Borrowers,” and each, a “Borrower”).

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