EX-10.1



 Exhibit 10.1 

UNIT PURCHASE AGREEMENT 

This UNIT PURCHASE AGREEMENT (this “Agreement”) is made effective as of March 12, 2014, between SEADRILL PARTNERS LLC, a
Marshall Islands limited liability company (“Seller”), and SEADRILL LIMITED, a Bermuda exempted company (“Buyer”). 

RECITAL 
 Upon the terms
and subject to the conditions set forth herein, Seller desires to sell and Buyer desires to purchase 1,633,987 common units representing limited liability company interests of Seller (the “Units”) at the same per unit price and at the same
time as up to an aggregate of 11,960,000 common units of Seller being sold in connection with a public offering of common units pursuant to the Seller’s prospectus supplement dated March 12, 2014 (the “Public Sale”). 

AGREEMENT 
 NOW,
THEREFORE, for and in consideration of the foregoing premises and of the mutual covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby
agree as follows: 
 Section 1. Purchase and Sale of the Units 

(a) Sale of the Units. Subject to the terms and conditions of this Agreement, Buyer agrees to purchase from Seller, and Seller
agrees to sell to Buyer, 1,633,987 Units in consideration of an aggregate payment of $50,000,002 (the “Purchase Price”) by Buyer; the per Unit purchase price equal to the price per Unit to be paid by the public in the Public Sale. 

1.2 Closing. The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place
concurrently with the closing of the Public Sale pursuant to the Underwriting Agreement dated March 12, 2014 between the Seller, the underwriters name therein and the other parties thereto (the “Underwriting Agreement”). 

1.3 Closing Deliveries. 

(a) At the Closing, Buyer shall deliver to Seller as consideration for the Units purchased by Buyer an acknowledgement of receipt of the
Purchase Price. 
 (b) At the Closing, Seller shall cause Seller’s transfer agent to record the ownership of the Units on the records
of the transfer agent in accordance with instructions from Buyer. 
 1.4 Closing Condition; Termination. Buyer’s
obligation to purchase the Units in accordance with this Agreement is subject to the closing of the Public Sale contemplated by the Underwriting Agreement. If the Underwriting Agreement is terminated or if it shall not be entered into prior to
March 31, 2014, this Agreement shall automatically terminate. 







 Section 2. Representations and Warranties 

2.1 Buyer’s Representations and Acknowledgements. Buyer represents and warrants to Seller that: 

(a) Buyer has all requisite power and authority to execute and deliver this Agreement and to perform the transactions contemplated hereby and
this Agreement is a valid and binding obligation of Buyer, enforceable against the Buyer in accordance with its terms; and 
 (b) The Units
are being acquired solely for the account of Buyer and not with a view to, or for resale in connection with, a distribution of all or any part thereof. 

Buyer acknowledges and understands that the Units have not been registered under the Securities Act of 1933, as amended (the “1933
Act”), and therefore are subject to resale restrictions. Buyer agrees to the placement of a legend on any Unit certificate or on the records of the transfer agent to the effect that the Units may not be sold without registration under the 1933
Act or pursuant to an exemption from registration. 
 2.2 Seller’s Representations. Seller represents and warrants to
Buyer that: 
 (a) Seller has all necessary power and authority to execute and deliver this Agreement and to perform the transactions
contemplated hereby and this Agreement is a valid and binding obligation of Seller, enforceable against Seller in accordance with its terms; 

(b) No consent, approval or authorization of any third party is required for consummation by Seller of the transactions contemplated by this
Agreement, and the execution and delivery of this Agreement and the performance of the transactions contemplated hereby do not violate, conflict with, or cause a default under any contract, agreement, document, or instrument, any law, rule,
regulation or any judicial or administrative decision to which Seller or the Units may be subject, or that would create a lien, security interest, encumbrance or restrictions of any kind upon the Units other than pursuant to applicable securities
laws; and 
 (c) Upon the payment for the Units in accordance with the terms of this Agreement, good and marketable title to all of the
Units, free and clear of all mortgages, liens, security interests, pledges, charges, encumbrances or claims of any kind will be sold to and vest in Buyer. 

2.3 Survival; Indemnity. All representations and warranties made herein shall survive the Closing. Buyer agrees to indemnify and
hold Seller harmless from any and all losses, damages, claims, actions and proceedings, including any legal or other expenses, arising out of any breach of any representation or warranty made by the Buyer herein and Seller agrees to indemnify and
hold Buyer harmless from any and all losses, damages, claims, actions and proceedings, including any legal or other expenses, arising out of any breach of any representation or warranty made by the Seller herein. 

  
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 Section 3. Further Assurances 

Each party agrees to, at any time and from time to time, promptly execute and deliver such further agreements, documents and instruments, and
promptly take or forbear from taking such further actions as the other party may reasonably request in order to more effectively confirm or carry out the provisions of this Agreement. 

Section 4. Miscellaneous 

4.1 Entire Agreement. Each party hereto acknowledges that this Agreement embodies the entire agreement and understanding between
them with respect to the subject matter hereof and supersedes any prior agreements and understandings relating to the subject matter hereof. This Agreement may not be altered, modified, terminated or discharged except by a writing signed by the
party against whom such alteration, modification, termination or discharge is sought. 
 4.2 Binding Nature. This Agreement
shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors, heirs, personal representatives and assigns. 

4.3 Governing Law. This Agreement shall be governed by and construed under the laws of the state of New York. 

4.4 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original,
and all of which, taken together, shall constitute one and the same instrument. Delivery of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart hereof. 

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 IN WITNESS WHEREOF, the parties have executed this UNIT PURCHASE AGREEMENT as of the date first
written above. 
  

			
	 SELLER:
  

SEADRILL PARTNERS LLC

		
	By:	 	/s/ Graham Robjohns
	Name:	 	Graham Robjohns
	Title:	 	Chief Executive Officer


  

			
	 BUYER:
  

SEADRILL LIMITED

		
	By:	 	/s/ Rune Magnus Lundetræ
	Name:	 	Rune Magnus Lundetræ
	Title:	 	Authorized Person


 SIGNATURE PAGE TO UNIT
PURCHASE AGREEMENT