Nonqualified Stock Option and Share Plan Sample Contracts

NOBLE CORPORATION THIRD AMENDED AND RESTATED 1992 NONQUALIFIED STOCK OPTION AND SHARE PLAN FOR NON-EMPLOYEE DIRECTORS (As of March 27, 2009) RECITALS
Nonqualified Stock Option and Share Plan • February 25th, 2011 • Noble Corp / Switzerland • Drilling oil & gas wells • Texas

WHEREAS, Noble-Cayman entered into that certain Agreement and Plan of Merger, Reorganization and Consolidation (as amended, the “Merger Agreement”), dated as of December 19, 2008, by and among Noble-Cayman, Noble Corporation, a Swiss corporation (the “Company”), and Noble Cayman Acquisition Ltd, a Cayman Islands company (“Merger Sub”); and

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