EXHIBIT 10.28 R&B FALCON CORPORATION 1998 ACQUISITION OPTION PLAN 1. Purpose. Reference is made to the Agreement and Plan of Merger dated as of August 21, 1998 (the "Merger Agreement"), among R&B Falcon Corporation (the "Company"), RBF Cliffs...1998 Acquisition Option Plan • August 11th, 1999 • Cliffs Drilling Co • Drilling oil & gas wells • Delaware
