AMENDMENT, STIPULATION, AND JOINDER AGREEMENT IN RESPECT OF RESTRUCTURING SUPPORT AND LOCK-UP AGREEMENTRestructuring Support and Lock-Up Agreement • February 26th, 2018 • Seadrill LTD • Drilling oil & gas wells • New York
Seadrill Limited and its affiliated Debtors in the above-captioned chapter 11 cases jointly propose this Plan. Capitalized terms used in the Plan shall have the meanings set forth in Article I.A of the Plan. Although proposed jointly for administrative purposes, the Plan constitutes a separate Plan for each Debtor for the resolution of outstanding Claims and Interests pursuant to the Bankruptcy Code. The Debtors seek to consummate the Restructuring Transactions on the Effective Date of the Plan. Each Debtor is a proponent of the Plan within the meaning of section 1129 of the Bankruptcy Code. The classifications of Claims and Interests set forth in Article III of the Plan shall be deemed to apply separately with respect to each Debtor, as applicable. The Plan does not contemplate substantive consolidation of any of the Debtors. Reference is made to the Disclosure Statement for a discussion of the Debtors’ history, business, properties and operations, projections, risk factors, a summary
AMENDMENT, ASSIGNMENT AND JOINDER AGREEMENT IN RESPECT OF INVESTMENT AGREEMENTAmendment, Assignment and Joinder Agreement • February 26th, 2018 • Seadrill LTD • Drilling oil & gas wells • New York
This AMENDMENT, ASSIGNMENT AND JOINDER AGREEMENT (this “Amendment, Assignment and Joinder”) in respect of the Investment Agreement (as defined below) is made and entered into as of February 26, 2018 by and among:
