Document:

EX-10.1

 Exhibit 10.1 

DEED OF INDEMNITY 
 THIS DEED OF INDEMNITY
(this “Deed”), made and entered into as of this              day of             , 201    , by and
between Noble Corporation plc, a company registered in England and Wales with company number 08354954 (the “Company”), and              (“Indemnitee”), who is currently
serving or will serve the Company in the capacity of a director and/or officer thereof; 
 WITNESSETH: 

WHEREAS, the Company and Indemnitee recognize that the interpretation of ambiguous statutes, regulations and court opinions, and of the
Articles of Association of the Company, and the vagaries of public policy, are too uncertain to provide the directors and officers of the Company with adequate or reliable advance knowledge or guidance with respect to the legal risks and potential
liabilities to which they may become personally exposed as a result of performing their duties in good faith for the Company; and 

WHEREAS, the Company and Indemnitee are aware that highly experienced and capable persons are often reluctant to serve as directors or
officers of a company unless they are protected to the fullest extent permitted by law by comprehensive insurance or indemnification, especially since the legal risks and potential liabilities, and the very threat thereof, associated with lawsuits
filed against the officers and directors of a company, and the resultant substantial time, expense, harassment, ridicule, abuse and anxiety spent and endured in defending against such lawsuits, whether or not meritorious, bear no reasonable or
logical relationship to the amount of compensation received by the directors or officers from the company; and 
 WHEREAS, Article 208 of
the Articles of Association of the Company sets forth certain provisions relating to the indemnification of, and advancement of expenses to, officers and directors (among others) of the Company or any Associated Company by the Company; and 

WHEREAS, after due consideration and investigation of the terms and provisions of this Deed and the various other options available to the
Company and Indemnitee in lieu thereof, the board of directors of the Company have determined in good faith that this Deed is not only reasonable and prudent, but necessary to promote the success of the Company for the benefit of its members as a
whole; and 
 WHEREAS, Noble Corporation, a Swiss corporation (“Noble-Swiss”) and Indemnitee have previously entered into an
Indemnity Agreement; and 
 WHEREAS, pursuant to that certain Merger Agreement dated June 30, 2013 between Noble Swiss and the Company
(the “Merger Agreement”), the Company became the successor company to Noble Swiss; and 
 WHEREAS, pursuant to Section 5.4 of
the Merger Agreement, the Company has agreed to enter into indemnity agreements with each executive officer and director of the Company who, immediately prior to the Effective Time (as defined in the Merger Agreement), was a party to an indemnity
agreement with Noble Swiss on terms as set forth in such Section 5.4; and 

 WHEREAS, the Company desires to have Indemnitee serve or continue to serve as an officer and/or
director of the Company, free from undue concern for unpredictable, inappropriate or unreasonable legal risks and personal liabilities by reason of his acting in good faith in the performance of his duty to the Company; and Indemnitee desires to
serve, or to continue to serve (provided that he is furnished the indemnity provided for hereinafter), in either or both of such capacities; 

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Company and Indemnitee, intending to be legally bound, do hereby agree as follows: 

1. Agreement to Serve. Indemnitee agrees to serve or continue to serve as a director and/or officer of the Company, at the will of the Company
or under separate contract, if such exists, for so long as Indemnitee is duly elected or appointed and qualified in accordance with the provisions of the Articles of Association of the Company or until such time as Indemnitee tenders his resignation
in writing. 
 2. Definitions. As used in this Deed: 

(a) The term “Proceeding” shall mean any action, suit or proceeding, whether civil, criminal, administrative, arbitrative or
investigative, any appeal in such an action, suit or proceeding, and any inquiry or investigation that could lead to such an action, suit or proceeding, except one initiated by Indemnitee to enforce his rights under this Deed. 

(b) The term “Expenses” includes, without limitation, all reasonable attorneys’ fees, retainers, court costs, transcript costs,
fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees and all other disbursements or expenses of the types customarily incurred in connection with
prosecuting, defending, preparing to prosecute or defend, investigating, or being or preparing to be a witness in a Proceeding. 
 (c) The
term “Associated Company” shall mean a company which is either a subsidiary or a holding company of the Company or a subsidiary of such holding company and the expressions “holding company” and “subsidiary” shall have
the meaning given in the Statutes. 
 (d) The term “Business Day” shall mean any day other than a Saturday, Sunday or English bank
or public holiday. 
 (e) References to “other enterprise” shall include employee benefit plans; references to “fines”
shall include any (i) excise taxes assessed with respect to any employee benefit plan and (ii) penalties; references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent
of the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries; references to “relief” shall mean relief under sections
661(3) and 661(4) or section 1157 of the Companies Act 2006; and a person who acts in good faith and in a manner he reasonably believes to be in the interest of the participants and beneficiaries of an employee benefit plan shall be deemed to have
acted in a manner “not opposed to the best interests of the Company” as referred to in this Deed. 

  
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 (f) References to the “Statutes” means the Companies Act 2006 and every other statute
(including any orders, regulations, or other subordinate legislation made under them) for the time being in force concerning companies and affecting the Company. 

3. Indemnity in Third Party Proceedings. Subject to Section 16, the Company shall indemnify Indemnitee in accordance with the provisions
of this Section 3 if Indemnitee is a party to or is threatened to be made a party to or otherwise involved in any threatened, pending or completed Proceeding (other than a Proceeding by or in the right of the Company to procure a judgment in
its favor) by reason of the fact that Indemnitee is or was a director and/or officer of the Company or an Associated Company, or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against all Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with such Proceeding, provided it is determined pursuant to
Section 7 of this Agreement or by the court having jurisdiction in the matter, that Indemnitee acted in good faith and in a manner that he reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to
any criminal Proceeding, had no reasonable cause to believe his conduct was unlawful. The termination of any Proceeding by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a
presumption that Indemnitee did not act in good faith and in a manner that he reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal Proceeding, had reasonable cause to believe that his
conduct was unlawful. 
 4. Indemnity in Proceedings by or in the Right of the Company. The Company shall indemnify Indemnitee in accordance
with the provisions of this Section 4 if Indemnitee is a party to or is threatened to be made a party to or otherwise involved in any threatened, pending or completed Proceeding by or in the right of the Company to procure a judgment in its
favor by reason of the fact that Indemnitee is or was a director and/or officer of the Company or an Associated Company, or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against all Expenses actually and reasonably incurred by Indemnitee in connection with the defense, settlement or other disposition of such Proceeding, except that no indemnification shall be
made under this Section 4 to the extent excluded under Section 16 or in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Company unless and only to the extent that the court shall
determine upon an application for relief that, despite the adjudication of liability but in view of all the circumstances of the case, the Indemnitee acted honestly and reasonably and ought fairly to be relieved from liability. 

5. Indemnification for Expenses of Successful Party. Notwithstanding any other provision of this Deed to the contrary, to the extent that
Indemnitee has been successful on the merits or otherwise in defense of any Proceeding referred to in Sections 3 and/or 4 of this Deed, or in defense of any claim, issue or matter therein, including dismissal without prejudice, Indemnitee shall be
indemnified against all Expenses actually and reasonably incurred by Indemnitee in connection therewith. 

  
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 6. Advances of Expenses. The Expenses incurred by Indemnitee pursuant to Sections 3 and/or 4 of
this Deed in connection with any Proceeding shall, at the written request of Indemnitee, be paid by the Company in advance of the final disposition of such Proceeding upon receipt by the Company of an undertaking by or on behalf of Indemnitee
(“Indemnitee’s Undertaking”) to repay such amount to the extent that it is ultimately determined in accordance with Section 10 that Indemnitee is not entitled to be indemnified by the Company. The request for advancement of
Expenses by Indemnitee and the undertaking to repay of Indemnitee, which need not be secured, shall be substantially in the form of EXHIBIT A to this Deed. 

7. Right of Indemnitee to Indemnification or Advancement of Expenses Upon Application; Procedure upon Application. 

(a) Any indemnification under Sections 3 and/or 4 of this Deed shall be made no later than 45 days after receipt by the Company of the written
request of Indemnitee, unless a determination is made within said 45-day period by (i) a majority vote of the directors of the Company who are not parties to the involved Proceeding, even though less than a quorum, or (ii) independent
legal counsel in a written opinion (which counsel shall be appointed if there are no such directors or if such directors so direct), that Indemnitee has not met the applicable standards for indemnification set forth in Section 3 or 4, as the
case may be, or that the exclusions in Section 16 prohibit such payment. 
 (b) Any advancement of Expenses under Section 6 of this
Deed shall be made no later than 10 days after receipt by the Company of Indemnitee’s Undertaking. 
 (c) In any action to establish or
enforce the right of indemnification or to receive advancement of Expenses as provided in this Agreement, the burden of proving that indemnification or advancement of Expenses is not appropriate shall be on the Company. Neither the failure of the
Company (including its board of directors or independent legal counsel) to have made a determination prior to the commencement of such action that indemnification or advancement of Expenses is proper in the circumstances because Indemnitee has met
the applicable standard of conduct, nor an actual determination by the Company (including its board of directors or independent legal counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or
create a presumption that Indemnitee has not met the applicable standard of conduct. Expenses incurred by Indemnitee in connection with successfully establishing or enforcing his right of indemnification or to receive advancement of Expenses, in
whole or in part, under this Agreement shall also be indemnified by the Company. 
 8. Indemnification and Advancement of Expenses under
this Deed Not Exclusive. The rights of indemnification and to receive advancement of Expenses as provided by this Deed shall not be deemed exclusive of any other rights to which Indemnitee may be entitled under the Articles of Association of the
Company, any other agreement, any vote of shareholders of the Company, English law, or otherwise, both as to action in his official capacity and as to action in another capacity while holding such office. 

9. Partial Indemnification. If Indemnitee is entitled under any provision of this Deed to indemnification for, or to receive advancement by
the Company for some or a portion of, the Expenses, judgments, fines or amounts paid in settlement actually and reasonably incurred by Indemnitee in the investigation, defense, appeal, settlement or other disposition of any Proceeding, but not,
however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. 
  

  
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 10. Repayment of Expenses advanced. Any amount advanced pursuant to Section 6 shall be
repaid by the Indemnitee the event that: (a) the Indemnitee is convicted in any Proceedings; (b) judgment is given against the Indemnitee in any Proceedings; (c) in an application for relief the court refuses to grant the Indemnitee
relief, or (d) the Indemnitee uses the funds for a purpose other than that for which they were advanced. Any repayment required pursuant to this Section 10 (a) to (d) (inclusive) shall be made by no later than the date on which
the conviction, judgment or refusal of relief becomes final. Any repayment required pursuant to this Section 10 shall be made by the Indemnitee on demand by the Company. 

For the purposes of this Deed, a conviction, judgment or refusal to grant relief shall become final: 

 

	 	(a)	if not appealed against, at the end of the period for bringing an appeal; or 

  

	 	(b)	if appealed against, at the time when the appeal (or any further appeal) is disposed of. 

 For the purposes of
this Deed, an appeal is disposed of if: (a) it is determined and the period for bringing any further appeal has ended; or (b) it is abandoned or otherwise ceases to have effect. 

11. Rights Continued. The rights of indemnification and to receive advancement of Expenses as provided by this Deed shall continue as to
Indemnitee even though Indemnitee may have ceased to be a director or officer of the Company and shall inure to the benefit of Indemnitee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees
and legatees. 
 12. No Construction as an Employment Agreement or Any Other Commitment. Nothing contained in this Deed shall be construed
as giving Indemnitee any right to be retained in the employ of the Company or any of its subsidiaries, if Indemnitee currently serves as an officer of the Company, or to be renominated as a director of the Company, if Indemnitee currently serves as
a director of the Company. 
 13. Liability Insurance. To the extent the Company maintains an insurance policy or policies providing
directors’ and officers’ liability insurance, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any director or officer of the Company under
such policy or policies. 
 14. No Duplication of Payments. The Company shall not be liable under this Deed to make any payment of amounts
otherwise indemnifiable under this Deed if, and to the extent that, Indemnitee has otherwise actually received such payment under any contract, agreement or insurance policy, the Articles of Association of the Company, or otherwise. 

  
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 15. Subrogation. In the event of payment under this Deed, the Company shall be subrogated to the
extent of such payment to all the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including without limitation the execution of such documents as may be
necessary to enable the Company effectively to bring suit to enforce such rights. 
 16. Exceptions. Notwithstanding any other provision in
this Deed, the Company shall not be obligated pursuant to the terms of this Deed, to indemnify or advance Expenses to Indemnitee with respect to any Proceeding, or any claim therein, (i) brought or made by Indemnitee against the Company,
(ii) to the extent that it would be unlawful (whether pursuant to the Statutes of otherwise) for the Company to provide such indemnity or advance such Expenses to the Indemnitee (iii) in which the act or omission giving rise to the
liability suffered or incurred by the Indemnitee is found, to have constituted fraud, wilful misconduct or recklessness on the part of the Indemnitee or was otherwise conduct which would entitle the Company or an Associated Company to dismiss the
Indemnitee from employment and/or office without compensation or payment in lieu of notice, or (iv) in which final judgment is rendered against Indemnitee for an accounting of profits made from the purchase and sale or the sale and purchase by
Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the U.S. Securities Exchange Act of 1934, as amended, or similar provisions of any national, state, provincial or local statute. 

17. Notices. Any notice or other communication required or permitted to be given or made to the Company or Indemnitee pursuant to this Deed
shall be given or made in writing Service of a notice must be effected by one of the following methods: 
 (a) by hand to the address set out
in Section 18 and shall be deemed served upon delivery if delivered during a Business Day, or at the start of the next Business Day if delivered at any other time; or 

(b) by prepaid first-class post to the relevant address set out in Section 18 and shall be deemed served at the start of the second
Business Day after the date of posting; or 
 (c) by prepaid international airmail to the relevant address set out in Section 18 and
shall be deemed served at the start of the fourth Business Day after the date of posting, 
 For the purposes of this Deed “during a Business Day”
means any time between 9.30 a.m. and 5.30 p.m. on a Business Day based on the local time where the recipient of the notice is located. References to “the start of [a] Business Day” and “the end of [a] Business Day” shall be
construed accordingly. 
 18. Address for service. Notices shall be addressed as follows: 

 

			
	Name:	  	The Company Secretary
		
	Address:	  	Noble Corporation plc
		  	18b Charles Street
		  	London
		  	W1J 5DU
		  	England

  
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 19. Contractual Rights. The right to be indemnified or to receive advancement of Expenses under
this Deed (i) is a contract right based upon good and valuable consideration, pursuant to which Indemnitee may sue, (ii) is and is intended to be retroactive and shall be available as to events occurring prior to the date of this Deed and
(iii) shall continue after any rescission or restrictive modification of this Deed as to events occurring prior thereto. 
 20.
Severability. If any provision or provisions of this Deed shall be held to be invalid, illegal or unenforceable for any reason whatsoever, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or
impaired thereby; and, to the fullest extent possible, the provisions of this Deed shall be construed so as to give effect to the intent manifested by the provisions held invalid, illegal or unenforceable. 

21. Successors; Binding Agreement. The Company shall require any successor to all or substantially all of the business and/or assets of the
Company (whether direct or indirect, by purchase, merger, amalgamation, consolidation, reorganization or otherwise), by agreement in form and substance reasonably satisfactory to Indemnitee, to expressly assume and agree to perform this Deed in the
same manner and to the same extent that the Company would be required to perform if no such succession had taken place. As used in this Deed, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or
assets as aforesaid which executes and delivers the agreement provided for in this Section 21 or which otherwise becomes bound by the terms and provisions of this Deed by operation of law. 

22. Counterparts, Modification, Headings, Gender. 

(a) This Deed may be executed in any number of counterparts, each of which shall constitute one and the same instrument, and either party
hereto may execute this Deed by signing any such counterpart. 
 (b) No provision of this Deed may be modified, waived or discharged unless
such waiver, modification or discharge is agreed to in writing and signed by Indemnitee and an appropriate officer of the Company. No waiver by any party at any time of any breach by any other party of, or compliance with, any condition or provision
of this Deed to be performed by any other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same time or at any prior or subsequent time. 

(c) Section headings are not to be considered part of this Deed, are solely for convenience of reference, and shall not affect the meaning or
interpretation of this Deed or any provision set forth herein. 
 (d) Pronouns in masculine, feminine and neuter genders shall be construed
to include any other gender, and words in the singular form shall be construed to include the plural and vice versa, unless the context otherwise requires. 

23. Assignability. This Deed shall not be assignable by either party without the consent of the other. 

  
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 24. Contracts (Rights of Third Parties) Act 1999. The parties to this Deed do not intend that
this Deed can be enforced by any party who is not a party to this Deed by virtue of the Contracts (Rights of Third Parties) Act 1999. 
 25.
Exclusive Jurisdiction; Governing Law. The Company and Indemnitee agree that all disputes in any way relating to or arising under this Deed, including, without limitation, any action for advancement of Expenses or indemnification, shall be
litigated, if at all, exclusively in the courts of Texas, and, if necessary, the corresponding appellate courts. This Deed shall be governed in accordance with the laws of Texas applicable to contracts made and to be performed in such jurisdiction
without giving effect to the principles of conflicts of laws. The Company and Indemnitee expressly submit themselves to the personal jurisdiction of Texas for the purposes of resolving any dispute relating to or arising under this Deed. 

26. Termination. 
 (a) This Deed
shall terminate upon the mutual agreement of the parties that this Deed shall terminate or upon the death of Indemnitee or the resignation, retirement, removal or replacement of Indemnitee from all of his positions as a director and/or officer of
the Company and any of its subsidiaries. 
 (b) The termination of this Deed shall not terminate: 

(i) the Company’s liability for claims or actions against Indemnitee arising out of or related to acts, omissions,
occurrences, facts or circumstances occurring or alleged to have occurred prior to such termination; or 
 (ii) the
applicability of the terms and conditions of this Deed to such claims or actions. 
 [Balance of page left intentionally blank; signature
page follows.] 

  
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 IN WITNESS WHEREOF, this Deed has been duly executed and delivered by Company and Indemnitee as
of the date and year first above written. 
  

			
	EXECUTED as a DEED	  	)
	by NOBLE CORPORATION PLC	  	)
	acting by:	  	)
		
		  	  
 Director

		
	in the presence of:	  	

  

			
	Witness signature:	 	 

  

			
	Name:	 	 

  

			
	Address:	 	 

  

			
		 	 

  

			
	Occupation:	 	 

			
		  	
		  	
		  	
		  	
	SIGNED as a DEED and DELIVERED by	  	)
	[INDEMNITEE]	  	)
		
		  	  
 Indemnitee

		
	in the presence of:	  	

  

			
	Witness signature:	 	 

  

			
	Name:	 	 

  

			
	Address:	 	 

  

			
		 	 

  

			
	Occupation:	 	 

  
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 EXHIBIT A 

INDEMNITEE’S UNDERTAKING 

                    ,
20         
 Noble Corporation plc 

18b Charles Street 
 London 

W1J 5DU 
 England 

 

	RE:	INDEMNITY DEED 

 Gentlemen: 

Reference is made to the Indemnity Deed dated as of
                     by and between Noble Corporation plc, an English Company registered in England and Wales (the “Company”), and the
undersigned Indemnitee, and particularly to Section 6 thereof relating to advance payment by the Company of certain Expenses incurred by the undersigned Indemnitee. Capitalized terms used and not otherwise defined in this Indemnitee’s
Undertaking shall have the respective meanings ascribed to such terms in the Deed. 
 The undersigned Indemnitee has incurred Expenses
pursuant to Section 3 and/or 4 of the Deed in connection with a Proceeding. The types and amounts of Expenses are itemized on Attachment I to this Indemnitee’s Undertaking. The undersigned Indemnitee hereby requests that the total amount
of these Expenses (the “Advanced Amount”) be paid by the Company in advance of the final disposition of such Proceeding in accordance with the Deed. 

The undersigned Indemnitee hereby agrees to repay the Advanced Amount to the Company to the extent that it is ultimately determined that the
undersigned Indemnitee is not entitled to be indemnified by the Company. This agreement of Indemnitee to repay shall be unsecured. 
  

	
	Very truly yours,
	
	  
 Signature

	
	  
 Name of Indemnitee (Type or
Print)

  
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 ATTACHMENT I TO 

INDEMNITEE’S UNDERTAKING 

ITEMIZATION OF 
 TYPES
AND AMOUNTS OF EXPENSES 
 Attached hereto are receipts, statements or invoices for the following qualifying Expenses which Indemnitee
represents have been incurred by Indemnitee in connection with a Proceeding: 
  

					
	TYPE	  	AMOUNT	 
		  	$	 	  
		  	  
	  
	 
	 Total Advanced Amount:
	  	$	 	  
		  	  
	  
	 

  
 - 11 -EX-10.2

 Exhibit 10.2 

RESTATED EMPLOYMENT AGREEMENT 

by and between 
 and

  
  

 RESTATED EMPLOYMENT AGREEMENT 

TABLE OF CONTENTS 
  

											
	 	 	 	 	 	  	 	  	Page	 
	1.	 	Employment	  	 	1	  
	2.	 	Employment Term	  	 	2	  
		 	(a)	 	Term	  	 	2	  
		 	(b)	 	Relationship Prior to Effective Date	  	 	2	  
	3.	 	Positions and Duties	  	 	2	  
	4.	 	Compensation and Related Matters	  	 	3	  
		 	(a)	 	Base Salary	  	 	3	  
		 	(b)	 	Annual Bonus	  	 	4	  
		 	(c)	 	Employee Benefits.	  	 	4	  
		 		 	(i)	  	Incentive, Savings and Retirement Plans	  	 	4	  
		 		 	(ii)	  	Welfare Benefit Plans	  	 	4	  
		 	(d)	 	Expenses	  	 	5	  
		 	(e)	 	Fringe Benefits	  	 	5	  
		 	(f)	 	Vacation	  	 	5	  
	5.	 	Termination of Employment.	  	 	5	  
		 	(a)	 	Death	  	 	5	  
		 	(b)	 	Disability	  	 	5	  
		 	(c)	 	Termination by Company	  	 	6	  
		 	(d)	 	Termination by Executive	  	 	6	  
		 	(e)	 	Notice of Termination	  	 	7	  
		 	(f)	 	Date of Termination	  	 	7	  
	6.	 	Obligations of the Company upon Separation from Service	  	 	8	  
		 	(a)	 	Good Reason or During the Window Period; Other Than for Cause, Death or Disability	  	 	8	  
		 	(b)	 	Death	  	 	10	  
		 	(c)	 	Disability	  	 	10	  
		 	(d)	 	Cause; Other than for Good Reason or During the Window Period	  	 	11	  
		 	(e)	 	Payment Delay for Specified Employee	  	 	11	  
	7.	 	Certain Additional Payments by the Company	  	 	11	  
	8.	 	Representations and Warranties	  	 	14	  
	9.	 	Confidential Information	  	 	14	  
	10.	 	Certain Definitions	  	 	15	  
		 	(a)	 	Effective Date	  	 	15	  
		 	(b)	 	Change of Control Period	  	 	15	  
		 	(c)	 	Change of Control	  	 	15	  
		 	(d)	 	Separation from Service	  	 	17	  
		 	(e)	 	Specified Employee	  	 	18	  
		 	(f)	 	Separation Date	  	 	18	  
	11.	 	Full Settlement	  	 	18	  
	12.	 	No Effect on Other Contractual Rights	  	 	18	  
	13.	 	Indemnification; Directors and Officers Insurance	  	 	19	  

  
 i 

											
	14.	 	Injunctive Relief	  	 	19	  
	15.	 	Governing Law	  	 	19	  
	16.	 	Notices	  	 	19	  
	17.	 	Binding Effect; Assignment; No Third Party Benefit	  	 	20	  
	18.	 	Miscellaneous	  	 	20	  
		 	(a)	 		  	Amendment	  	 	20	  
		 	(b)	 		  	Waiver	  	 	20	  
		 	(c)	 		  	Withholding Taxes	  	 	21	  
		 	(d)	 		  	Nonalienation of Benefits	  	 	21	  
		 	(e)	 		  	Severability	  	 	21	  
		 	(f)	 		  	Entire Agreement	  	 	21	  
		 	(g)	 		  	Captions	  	 	21	  
		 	(h)	 		  	References	  	 	21	  

  
 ii 

 RESTATED EMPLOYMENT AGREEMENT 

This RESTATED EMPLOYMENT AGREEMENT (this “Agreement”), by and between
            , a corporation (the “Company”), and             (the “Executive”); 

WITNESSETH: 
 WHEREAS, the
Company and the Executive have previously entered into a form of this Agreement; and 
 WHEREAS, upon the consummation of the transactions
described in that certain Merger Agreement between Noble Corporation, a Swiss corporation (“Noble Swiss”) and Noble Corporation Limited, a company registered in England and Wales since re-registered as Noble Corporation plc
(“Noble-London”) dated June 30, 2013, (the “Merger Agreement”), Noble-London will become the publicly traded parent of the Noble group of companies, including the Company, and assume all the rights and obligations of Noble
Swiss; and 
 WHEREAS, without modification to the terms of the Current Agreement, the parties desire to restate the Current Agreement to
memorialize the fact that Noble-London is the successor to Noble Swiss and to give effect to the subsistence of the Current Agreement accordingly; and 

WHEREAS, Noble-London will assume Noble-Switzerland’s guarantee of performance by the Company of the Company’s obligations
hereunder; and 
 WHEREAS, the Board of Directors of the Company (the “Board”) has determined that it is in the best interests of
the Company, its parent, Noble-London, and each other affiliated company (as defined in Paragraph 1 below), to assure that the group will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a
Change of Control (as defined in Paragraph 10 below); and 
 WHEREAS, the Board believes it is imperative to diminish the inevitable
distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive’s full attention and dedication to the Company and/or its affiliated companies
currently and in the event of any pending or threatened Change of Control, and to provide the Executive with compensation and benefits upon a Change of Control which ensure that the compensation and benefits expectations of the Executive will be
satisfied and which are competitive with those of other corporations; 
 NOW, THEREFORE, in consideration of the premises and the mutual
covenants and agreements herein contained, and intending to be legally bound hereby, the Company and the Executive hereby restate the Current Agreement as follows: 

1. Employment. The Company agrees that the Company or an affiliated company will employ the Executive, and the Executive agrees to be
employed by the Company or an affiliated company, for the period set forth in Paragraph 2(a), in the positions and with the duties and responsibilities set forth in Paragraph 3, and upon the other terms and conditions herein 

  
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provided. As used in this Agreement, the term “affiliated company” shall mean any incorporated or unincorporated trade or business or other entity or person, other than the Company,
that along with the Company is considered a single employer under Section 414(b) or 414(c) of the U.S. Internal Revenue Code of 1986, as amended (the “Code”); provided, however, that (i) in applying Section 1563(a)(1), (2),
and (3) of the Code for the purposes of determining a controlled group of corporations under Section 414(b) of the Code, the phrase “at least 50 percent” shall be used instead of the phrase “at least 80 percent” in each
place the phrase “at least 80 percent” appears in Section 1563(a)(1), (2), and (3) of the Code, and (ii) in applying Treas. Reg. section 1.414(c)-2 for the purposes of determining trades or businesses (whether or not
incorporated) that are under common control for the purposes of Section 414(c) of the Code, the phrase “at least 50 percent” shall be used instead of the phrase “at least 80 percent” in each place the phrase “at least
80 percent” appears in Treas. Reg. section 1.414(c)-2. 
 2. Employment Term. 

(a) Term. The employment of the Executive by the Company or an affiliated company as provided in Paragraph 1 shall be for the period
commencing on the Effective Date (as defined in Paragraph 10 below) through and ending on the third anniversary of such date (the “Employment Term”). 

(b) Relationship Prior to Effective Date. The Executive and the Company acknowledge that, except as may otherwise be provided under any
written agreement between the Executive and the Company other than this Agreement, the employment of the Executive by the Company is “at will” and, prior to the Effective Date, may be terminated by either the Executive or the Company at
any time. Moreover, if prior to the Effective Date, the Executive’s employment with the Company terminates, then the Executive shall have no further rights under this Agreement. For purposes of this Paragraph 2(b) only, the term
“Company” shall mean and include the company that employs Executive, whether             or an affiliated company of
            . 
 3. Positions and Duties. 

(a) During the Employment Term, the Executive’s position (including status, offices, titles and reporting requirements), duties,
functions, responsibilities and authority shall be at least commensurate in all material respects with the most significant of those held or exercised by or assigned to the Executive in respect of the Company or any affiliated company at any time
during the 120-day period immediately preceding the Effective Date. 
 (b) During the Employment Term, the Executive shall devote the
Executive’s full time, skill and attention, and the Executive’s reasonable best efforts, during normal business hours to the business and affairs of the Company, and in furtherance of the business and affairs of its affiliated companies,
to the extent necessary to discharge faithfully and efficiently the duties and responsibilities delegated and assigned to the Executive herein or pursuant hereto, except for usual, ordinary and customary periods of vacation and absence due to
illness or other disability; provided, however, that the Executive may (i) serve on industry-related, civic or charitable boards or committees, (ii) with the approval of the Board of Directors of Noble-London (the “Noble-London
Board”), serve on corporate boards or committees, (iii)

  
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deliver lectures, fulfill speaking engagements or teach at educational institutions, and (iv) manage the Executive’s personal investments, so long as such activities do not
significantly interfere with the performance and fulfillment of the Executive’s duties and responsibilities as an employee of the Company or an affiliated company in accordance with this Agreement and, in the case of the activities described in
clause (ii) of this proviso, will not, in the good faith judgment of the Noble-London Board, constitute an actual or potential conflict of interest with the business of the Company or an affiliated company. It is expressly understood and agreed
that, to the extent that any such activities have been conducted by the Executive during the term of the Executive’s employment by the Company or its affiliated companies prior to the Effective Date consistent with the provisions of this
Paragraph 3(b), the continued conduct of such activities (or of activities similar in nature and scope thereto) subsequent to the Effective Date shall not thereafter be deemed to interfere with the performance and fulfillment of the Executive’s
duties and responsibilities to the Company and its affiliated companies. 
 (c) In connection with the Executive’s employment hereunder,
the Executive shall be based at the location where the Executive was regularly employed immediately prior to the Effective Date or any office which is the headquarters of the Company or Noble-London and is less than 50 miles from such location,
subject, however, to required travel on the business of the Company and its affiliated companies to an extent substantially consistent with the Executive’s business travel obligations during the three-year period immediately preceding the
Effective Date. 
 (d) All services that the Executive may render to the Company or any of its affiliated companies in any capacity during
the Employment Term shall be deemed to be services required by this Agreement and consideration for the compensation provided for herein. 

4. Compensation and Related Matters. 

(a) Base Salary. During the Employment Term, the Executive shall receive an annual base salary (“Base Salary”) at least equal
to 12 times the highest monthly base salary paid or payable, including any base salary that has been earned but deferred, to the Executive by the Company and its affiliated companies in respect of the 12-month period immediately preceding the month
in which the Effective Date occurs. The Base Salary shall be payable in installments in accordance with the general payroll practices of the Company in effect at the time such payment is made, but in no event less frequently than monthly, or as
otherwise mutually agreed upon. During the Employment Term, the Executive’s Base Salary shall be subject to such increases (but not decreases) as may be determined from time to time by the Noble-London Board in its sole discretion; provided,
however, that the Executive’s Base Salary (i) shall be reviewed by the Noble-London Board no later than 12 months after the last salary increase awarded to the Executive prior to the Effective Date and thereafter at least annually, with a
view to making such upward adjustment, if any, as the Noble-London Board deems appropriate, and (ii) shall be increased at any time and from time to time as shall be substantially consistent with increases in base salary generally awarded in
the ordinary course of business to the Executive’s peer executives of the Company or any of its affiliated companies. Base Salary shall not be reduced after any such increase. The term Base Salary as used in this Agreement shall refer to the
Base Salary as so increased. Payments of Base Salary to the Executive shall not be deemed exclusive and shall not prevent the Executive from participating in any employee benefit plans, 

  
 3 

 
programs or arrangements of the Company and its affiliated companies in which the Executive is entitled to participate. Payments of Base Salary to the Executive shall not in any way limit or
reduce any other obligation of the Company hereunder, and no other compensation, benefit or payment to the Executive hereunder shall in any way limit or reduce the obligation of the Company regarding the Executive’s Base Salary hereunder. 

(b) Annual Bonus. In addition to Base Salary, the Executive shall be awarded, in respect of each fiscal year of the Company ending
during the Employment Term, an annual bonus (the “Annual Bonus”) in cash in an amount at least equal to the Executive’s highest aggregate bonus under all Company and affiliated company bonus plans, programs, arrangements and awards
(including the Company’s Short-Term Incentive Plan and any successor plan) in respect of any fiscal year in the three full fiscal year period ended immediately prior to the Effective Date (annualized for any fiscal year consisting of less than
12 full months or with respect to which the Executive has been employed by the Company or any of its affiliated companies for less than 12 full months) (such highest amount is hereinafter referred to as the “Recent Annual Bonus”). Each
such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year in respect of which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

 (c) Employee Benefits. 

(i) Incentive, Savings and Retirement Plans. During the Employment Term, the Executive shall be entitled to participate in all
incentive, savings and retirement plans, programs and arrangements applicable generally to the Executive’s peer executives of the Company and its affiliated companies, but in no event shall such plans, programs and arrangements provide the
Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case,
less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, programs and arrangements as in effect at any time during the 120-day period immediately
preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after the Effective Date to the Executive’s peer executives of the Company and its affiliated companies. 

(ii) Welfare Benefit Plans. During the Employment Term, the Executive and/or the Executive’s family, as the case may be, shall be
eligible to participate in and shall receive all benefits under all welfare benefit plans, programs and arrangements provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability,
employee life, group life, accidental death and travel accident insurance plans, programs and arrangements) to the extent applicable generally to the Executive’s peer executives of the Company and its affiliated companies, but in no event shall
such plans, programs and arrangements provide the Executive with welfare benefits that are less favorable, in the aggregate, than the most favorable of such plans, programs and arrangements as in effect for the Executive at any time during the
120-day period immediately preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after the Effective Date to the Executive’s peer executives of the Company and its affiliated companies. 

  
 4 

 (d) Expenses. During the Employment Term, the Executive shall be entitled to receive
prompt reimbursement for all reasonable expenses incurred by the Executive in performing the Executive’s duties and responsibilities hereunder in accordance with the most favorable policies, practices and procedures of the Company and its
affiliated companies as in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to the
Executive’s peer executives of the Company and its affiliated companies. 
 (e) Fringe Benefits. During the Employment Term, the
Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable
policies, practices and procedures of the Company and its affiliated companies as in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect
generally at any time after the Effective Date with respect to the Executive’s peer executives of the Company and its affiliated companies. 

(f) Vacation. During the Employment Term, the Executive shall be entitled to paid vacation and such other paid absences, whether for
holidays, illness, personal time or any similar purposes, in accordance with the most favorable policies, practices and procedures of the Company and its affiliated companies as in effect for the Executive at any time during the 120-day period
immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time after the Effective Date with respect to the Executive’s peer executives of the Company and its affiliated companies. 

5. Termination of Employment. 

(a) Death. The Executive’s employment shall terminate automatically upon the Executive’s death during the Employment Term.

 (b) Disability. If the Company determines in good faith that the Disability (as defined below) of the Executive has occurred during
the Employment Term, the Company may give the Executive notice of its intention to terminate the Executive’s employment. In such event, the Executive’s employment hereunder shall terminate effective on the 30th day after receipt of such
notice by the Executive (the “Disability Effective Date”); provided, that within the 30-day period after such receipt, the Executive shall not have returned to full-time performance of the Executive’s duties. For purposes of this
Agreement, “Disability” shall mean the absence of the Executive from the Executive’s duties hereunder on a full-time basis for an aggregate of 180 days within any given period of 270 consecutive days (in addition to any statutorily
required leave of absence and any leave of absence approved by the Company) as a result of incapacity of the Executive, despite any reasonable accommodation required by law, due to bodily injury or disease or any other mental or physical illness,
which will, in the opinion of a physician selected by the Company or its insurers and acceptable to the Executive or the Executive’s legal representative, be permanent and continuous during the remainder of the Executive’s life. 

  
 5 

 (c) Termination by Company. The Company may terminate the Executive’s employment
hereunder for Cause (as defined below). For purposes of this Agreement, “Cause” shall mean: 
 (i) the willful and continued
failure of the Executive to perform substantially the Executive’s duties hereunder (other than any such failure resulting from bodily injury or disease or any other incapacity due to mental or physical illness) after a written demand for
substantial performance is delivered to the Executive by the Board or the Noble-London Board, or the Chief Executive Officer of the Company or of Noble-London, which specifically identifies the manner in which the Board or the Noble-London Board, or
the Chief Executive Officer of the Company or of Noble-London, believes the Executive has not substantially performed the Executive’s duties; or 

(ii) the willful engaging by the Executive in illegal conduct or gross misconduct that is materially and demonstrably detrimental to the
Company and/or its affiliated companies, monetarily or otherwise. 
 For purposes of this provision, no act, or failure to act, on the part of the Executive
shall be considered “willful” unless done, or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of Noble-London. Any act, or failure to
act, based upon authority given pursuant to a resolution duly adopted by the Board or the Noble-London Board or upon the instructions of the Chief Executive Officer or another senior officer of Noble-London or based upon the advice of counsel for
the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company and its affiliated companies. The cessation of employment of the Executive shall not be deemed to
be for Cause unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less than two-thirds of the entire membership of the Noble-London Board then in office at a meeting of
the Noble-London Board called and held for such purpose (after reasonable notice is provided to the Executive and the Executive is given an opportunity, together with counsel, to be heard before the Noble-London Board) finding that, in the good
faith opinion of the Noble-London Board, the Executive is guilty of the conduct described in subparagraph (i) or (ii) above, and specifying the particulars thereof in detail. 

(d) Termination by Executive. The Executive may terminate the Executive’s employment hereunder (i) at any time during the
Employment Term for Good Reason (as defined below), or (ii) during the Window Period (as defined below) without any reason. For purposes of this Agreement, the “Window Period” shall mean the 30-day period immediately following the
first anniversary of the Effective Date, and “Good Reason” shall mean any of the following (without the Executive’s express written consent): 

(i) a material diminution in the Executive’s position (including status, offices, titles and reporting requirements), duties, functions,
responsibilities or authority as contemplated by Paragraph 3(a) of this Agreement; 
 (ii) a material failure by the Company to comply with
the provisions of Paragraph 4 of this Agreement; 

  
 6 

 (iii) the Company’s requiring the Executive to be based at any office or location other than
as provided in Paragraph 3(c) of this Agreement, or the Company’s requiring the Executive to travel on the Company’s or its affiliated companies’ business to a substantially greater extent than during the three-year period immediately
preceding the Effective Date; 
 (iv) any failure by the Company to comply with and satisfy Paragraph 17(c) of this Agreement; or 

(v) any other action or inaction that constitutes a material breach by the Company of the provisions of this Agreement. 

Notwithstanding the foregoing, the Executive shall not have the right to terminate the Executive’s employment hereunder for Good Reason unless
(i) within 60 days of the initial existence of the condition or conditions giving rise to such right the Executive provides written notice to the Company of the existence of such condition or conditions, and (ii) the Company fails to
remedy such condition or conditions within 30 days following the receipt of such written notice. If any such condition is not remedied within such 30-day period, the Executive may provide a Notice of Termination for Good Reason in accordance with
the provisions of Paragraph 5(e). 
 (e) Notice of Termination. Any termination of the Executive’s employment hereunder by the
Company or by the Executive (other than a termination pursuant to Paragraph 5(a)) shall be communicated by a Notice of Termination (as defined below) to the other party hereto. For purposes of this Agreement, a “Notice of Termination”
shall mean a notice which (i) indicates the specific termination provision in this Agreement relied upon, (ii) in the case of a termination for Disability, Cause or Good Reason, sets forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of the Executive’s employment under the provision so indicated, and (iii) specifies the Date of Termination (as defined in Paragraph 5(f) below); provided, however, that notwithstanding any
provision in this Agreement to the contrary, a Notice of Termination given in connection with a termination for Good Reason shall be given by the Executive within a reasonable period of time, not to exceed 150 days, following the initial existence
of one or more of the conditions giving rise to such right of termination. The failure by the Company or the Executive to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Disability, Cause or Good
Reason shall not waive any right of the Company or the Executive hereunder or preclude the Company or the Executive from asserting such fact or circumstance in enforcing the Company’s or the Executive’s rights hereunder. 

(f) Date of Termination. For purposes of this Agreement, the “Date of Termination” shall mean the effective date of the
termination of the Executive’s employment hereunder, which date shall be (i) if the Executive’s employment is terminated by the Executive’s death, the date of the Executive’s death, (ii) if the Executive’s
employment is terminated because of the Executive’s Disability, the Disability Effective Date, (iii) if the Executive’s employment is terminated by the Company (or applicable affiliated company) for Cause or by the Executive for Good
Reason, the date on which the Notice of Termination is given, (iv) if the Executive’s employment is terminated pursuant to Paragraph 2(a), the date on which the Employment Term ends pursuant to Paragraph 2(a) due to a party’s delivery
of a Notice of Termination thereunder, and (v) if the Executive’s employment is terminated for any other reason, the date specified in the Notice of Termination, which date shall in no event be earlier than the date such notice is given.

  
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 6. Obligations of the Company upon Separation from Service. 

(a) Good Reason or During the Window Period; Other Than for Cause, Death or Disability. Subject to the provisions of Paragraph 6(e) of
this Agreement, if prior to the end of the Employment Term the Executive’s Separation from Service (as defined in Paragraph 10 below) shall occur (i) by reason of the Company’s termination of the Executive’s employment hereunder
other than for Cause or Disability, or (ii) by reason of the Executive’s termination of the Executive’s employment hereunder either for Good Reason or without any reason during the Window Period, the Company shall pay to the Executive
when due under the Company’s normal payroll practices the Executive’s Base Salary through the Separation Date (as defined in Paragraph 10 below) to the extent not theretofore paid, and: 

(i) the Company shall pay to the Executive within 30 days after the Executive’s Separation Date a lump sum payment in cash equal to the
sum of the following amounts: 
 (A) the sum of (1) the product of (x) the greater of (I) the Recent Annual
Bonus and (II) the Annual Bonus paid or payable, including by reason of any deferral, to the Executive (and annualized for any fiscal year consisting of less than 12 full months or for which the Executive has been employed by the Company or any of
its affiliated companies for less than 12 full months) in respect of the most recently completed fiscal year of the Company during the Employment Term, if any; provided that, in any case, the minimum amount determinable under this clause (II) shall
be an amount equal to the bonus that would have been payable to the Executive under the Company’s Short-Term Incentive Plan and any successor plan for the most recently ended full fiscal year period immediately prior to the Effective Date
assuming the Executive had been eligible to receive a bonus thereunder for such period (such greater amount hereinafter referred to as the “Highest Annual Bonus”), and (y) a fraction, the numerator of which is the number of days in
the current fiscal year through the Separation Date, and the denominator of which is 365, and (2) an amount equal to the sum of (x) 18 multiplied by the amount of the highest monthly premium for COBRA continuation coverage (within the
meaning of Section 4980B of the Code) under the group health plan of the Company and its affiliated companies as in effect and applicable generally to the Executive’s peer executives of the Company and its affiliated companies during the
12-month period immediately preceding the Executive’s Separation Date, and (y) any accrued vacation pay to the extent not theretofore paid (the sum of the amounts described in clauses (1) and (2) are hereinafter referred to as
the “Accrued Obligations”); and 
 (B) an amount (such amount is hereinafter referred to as the “Severance
Amount”) equal to the product of (1) three and (2) the sum of (x) the Executive’s Base Salary and (y) the Highest Annual Bonus; and 

  
 8 

 (C) a separate lump-sum supplemental retirement benefit (the amount of such
benefit hereinafter referred to as the “Supplemental Retirement Amount”) equal to the difference between (1) the actuarial equivalent (utilizing for this purpose the actuarial assumptions utilized with respect to the qualified defined
benefit retirement plan of the Company and its affiliated companies in which the Executive is eligible to participate (or any successor plan thereto) (the “Retirement Plan”) during the 120-day period immediately preceding the Effective
Date) of the benefit payable under the Retirement Plan and any supplemental and/or excess retirement plan of the Company and its affiliated companies providing benefits for the Executive (the “SERP”) which the Executive would receive if
the Executive’s employment continued at the compensation level provided for in Paragraphs 4(a) and 4(b)(i) for the remainder of the Employment Term, assuming for this purpose that all accrued benefits are fully vested and that benefit accrual
formulas are no less advantageous to the Executive than those in effect during the 120-day period immediately preceding the Effective Date, and (2) the actuarial equivalent (utilizing for this purpose the actuarial assumptions utilized with
respect to the Retirement Plan during the 120-day period immediately preceding the Effective Date) of the Executive’s actual benefit (paid or payable), if any, under the Retirement Plan and the SERP; and 

(ii) for eighteen months after the Executive’s Separation Date, the Company shall continue benefits to the Executive and/or the
Executive’s family at least equal to those that would have been provided to them in accordance with the plans, programs and arrangements described in Paragraph 4(c)(ii) if the Executive’s employment hereunder was continuing, in accordance
with the most favorable plans, programs and arrangements of the Company and its affiliated companies as in effect and applicable generally to the Executive’s peer executives of the Company and its affiliated companies and their families during
the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to the Executive’s peer executives of the Company and its affiliated companies and
their families; provided, however, that if the Executive becomes reemployed with another employer and is eligible to receive medical or other welfare benefits under another employer provided plan, the medical and other welfare benefits described
herein shall be secondary to those provided under such other plan during such applicable period of eligibility (such continuation of such benefits for the applicable period herein set forth is hereinafter referred to as “Welfare Benefit
Continuation”) (for purpose of determining eligibility of the Executive for retiree benefits pursuant to such plans, programs and arrangements, the Executive shall be considered to have remained employed hereunder until three years after the
Separation Date and to have retired on the last day of such period); and 
 (iii) for six months following the Executive’s Separation
Date, the Company shall, at its sole expense as incurred, provide the Executive with outplacement services the scope and provider of which shall be selected by the Executive in the Executive’s sole discretion; provided, however, that
(A) an expense for such outplacement services shall be paid by the Company or reimbursed by the Company to the Executive as soon as practicable after such expense is incurred (but in no event later than 30 days after such expense is incurred),
and (B) the total amount of the expenses paid or reimbursed by the Company pursuant to this Paragraph 6(a)(iii) shall not exceed $50,000; and 

  
 9 

 (iv) no later than 90 days after Executive’s Separation Date, all club memberships and other
memberships that the Company was providing for the Executive’s use at the earlier of the Executive’s Separation Date or the time Notice of Termination is given shall, to the extent possible, be transferred and assigned to the Executive at
no cost to the Executive (other than income taxes owed), the cost of transfer, if any, to be borne by the Company; and 
 (v) all benefits
under the Noble Corporation 1991 Stock Option and Restricted Stock Plan and any other similar plans, including any stock options or restricted stock held by the Executive, not already vested shall be 100% vested, to the extent such vesting is
permitted under the Code; and 
 (iv) to the extent not theretofore paid or provided, the Company shall timely pay or provide to the
Executive when otherwise due any other amounts or benefits required to be paid or provided or which the Executive is eligible to receive under any plan, program, policy, practice or arrangement or contract or agreement of the Company and its
affiliated companies (such other amounts and benefits hereinafter referred to as the “Other Benefits”). 
 (b) Death. If the
Executive’s Separation from Service occurs by reason of the Executive’s death, this Agreement shall terminate without further obligations to the Executive’s legal representatives under this Agreement, other than for (i) payment
of the Accrued Obligations (which shall be paid to the Executive’s estate or beneficiary, as applicable, in a lump sum in cash within 30 days after the Executive’s Separation Date) and the timely payment or provision of the Welfare Benefit
Continuation and the Other Benefits and (ii) payment to the Executive’s estate or beneficiaries, as applicable, in a lump sum in cash within 30 days after the Executive’s Separation Date of an amount equal to the sum of the Severance
Amount and the Supplemental Retirement Amount. With respect to the provision of Other Benefits, the term “Other Benefits” as used in this Paragraph 6(b) shall include, without limitation, and the Executive’s estate and/or
beneficiaries shall be entitled to receive, death benefits at least equal to the most favorable benefits provided by the Company and its affiliated companies to the estates and beneficiaries of the Executive’s peer executives of the Company and
such affiliated companies under such plans, programs, practices and policies relating to death benefits, if any, as in effect with respect to the peer executives and their beneficiaries at any time during the 120-day period immediately preceding the
Effective Date or, if more favorable to the Executive’s estate and/or the Executive’s beneficiaries, as in effect on the date of the Executive’s death with respect to other of the Executive’s peer executives of the Company and
its affiliated companies and their beneficiaries. 
 (c) Disability. Subject to the provisions of Paragraph 6(e) of this Agreement, if
the Executive’s Separation from Service occurs by reason of the Executive’s Disability, this Agreement shall terminate without further obligations to the Executive, other than for (i) payment of the Accrued Obligations, the Severance
Amount and the Supplemental Retirement Amount (each of which shall be paid to the Executive in a lump sum in cash within 30 days after the Executive’s Separation Date), (ii) the timely payment or provision of the Other Benefits, and
(iii) the timely payment or provision of the Welfare Benefit Continuation. With respect to the provision of Other Benefits, the term “Other Benefits” as used in this Paragraph 6(c) shall include, without limitation, and the Executive
shall be entitled upon Separation from Service to 

  
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receive, disability benefits at least equal to the most favorable of those generally provided by the Company and its affiliated companies to disabled executives and/or their families in
accordance with such plans, programs, practices and policies relating to disability, if any, as in effect generally with respect to other of the Executive’s peer executives of the Company and their families at any time during the 120-day period
immediately preceding the Effective Date or, if more favorable to the Executive and/or the Executive’s family, as in effect at any time thereafter generally with respect to other of the Executive’s peer executives of the Company and its
affiliated companies and their families. 
 (d) Cause; Other than for Good Reason or During the Window Period. 

(i) If the Executive’s Separation from Service occurs by reason of the Company’s termination of Executive’s employment hereunder
for Cause, this Agreement shall terminate without further obligations to the Executive hereunder other than the obligation to pay the Executive’s Base Salary through the Executive’s Separation Date and the timely payment or provision of
deferred compensation and other employee benefits if and when otherwise due. 
 (ii) If the Executive’s Separation from Service occurs
by reason of the Executive’s voluntary termination of the Executive’s employment hereunder, excluding a termination of such employment by the Executive either for Good Reason or without any reason during the Window Period, this Agreement
shall terminate without further obligations to the Executive hereunder other than for (1) the payment of the Executive’s Base Salary through the Executive’s Separation Date to the extent not theretofore paid, (2) the payment of
the Accrued Obligations (which, subject to the provisions of Paragraph 6(e) of this Agreement, shall be paid to the Executive in a lump sum in cash within 30 days after the Executive’s Separation Date), and (3) the timely payment or
provision of deferred compensation and other employee benefits if and when otherwise due. 
 (e) Payment Delay for Specified Employee.
Any provision of this Agreement to the contrary notwithstanding, if the Executive is a Specified Employee (as defined in Paragraph 10 below) on the Executive’s Separation Date, then any payment or benefit to be paid, transferred or provided to
the Executive pursuant to the provisions of this Agreement that would be subject to the tax imposed by Section 409A of the Code if paid, transferred or provided at the time otherwise specified in this Agreement shall be delayed and thereafter
paid, transferred or provided on the first business day that is 6 months after the Executive’s Separation Date (or if earlier, within 30 days after the date of the Executive’s death following the Executive’s Separation from Service)
to the extent necessary for such payment or benefit to avoid being subject to the tax imposed by Section 409A of the Code. 
 7.
Certain Additional Payments by the Company. 
 (a) Notwithstanding any provision in this Agreement to the contrary and except as set
forth below, if it shall be determined that any payment or distribution by the Company to or for the benefit of the Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, but
determined without regard to any additional payments required pursuant to this Paragraph 7) (a “Payment”) would be subject to the excise tax imposed by Section 4999 of the Code or any interest or penalties are 

  
 11 

 
incurred by the Executive with respect to such excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as the “Excise Tax”),
then the Executive shall be entitled to receive an additional payment (a “Gross-Up Payment”) in an amount such that after payment by the Executive of all taxes (including any interest or penalties imposed with respect to such taxes),
including any income taxes (and any interest and penalties imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment, the Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments.
Notwithstanding the foregoing provisions of this Paragraph 7(a), if it shall be determined that the Executive is entitled to a Gross-Up Payment, but that the Executive, after taking into account the Payments and the Gross-Up Payment, would not
receive a net after-tax benefit of at least $50,000 (taking into account both income taxes and any Excise Tax) as compared to the net after-tax proceeds to the Executive resulting from an elimination of the Gross-Up Payment and a reduction of the
Payments, in the aggregate, to an amount (the “Reduced Amount”) such that the receipt of payments would not give rise to any Excise Tax, then no Gross-Up Payment shall be made to the Executive and the Payments, in the aggregate, shall be
reduced to the Reduced Amount. 
 (b) Subject to the provisions of Paragraph 7(c), all determinations required to be made under this
Paragraph 7, including whether and when a Gross-Up Payment is required and the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at such determination, shall be made by PricewaterhouseCoopers LLP (the “Accounting
Firm”) or, as provided below, such other certified public accounting firm as may be designated by the Executive, which shall provide detailed supporting calculations both to the Company and the Executive within 15 business days after the
receipt of notice from the Executive that there has been a Payment, or such earlier time as is requested by the Company. If the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting the Change of Control,
the Executive shall have the option, in the Executive’s sole discretion, to appoint another nationally recognized accounting firm to make the determinations required hereunder (which accounting firm shall then be referred to as the
“Accounting Firm” hereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any Gross-Up Payment, as determined pursuant to this Paragraph 7, shall be paid by the Company to the Executive within five
days of the receipt of the Accounting Firm’s determination. If the Accounting Firm determines that no Excise Tax is payable by the Executive, it shall furnish the Executive with a written opinion that failure to report the Excise Tax on the
Executive’s applicable federal income tax return would not result in the imposition of a negligence or similar penalty. Any determination by the Accounting Firm shall be binding upon the Company and the Executive. As a result of the uncertainty
in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Gross-Up Payments that will not have been made by the Company should have been made
(“Underpayment”), consistent with the calculations required to be made hereunder. If the Company exhausts its remedies pursuant to Paragraph 7(c) and the Executive thereafter is required to make a payment of any Excise Tax, the Accounting
Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the Executive. 

  
 12 

 (c) The Executive shall notify the Company in writing of any claim by the Internal Revenue
Service of the United States (the “Internal Revenue Service”) that, if 
 successful, would require the payment by the Company of the Gross-Up
Payment (or an additional amount of Gross-Up Payment) in the event the Internal Revenue Service seeks higher payment. Such notification shall be given as soon as practicable but no later than 10 business days after the Executive is informed in
writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which
it gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Executive in writing prior to the expiration of such period that it desires to
contest such claim, the Executive shall: 
 (i) give the Company any information reasonably requested by the Company relating to such claim;

 (ii) take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time,
including the acceptance of legal representation with respect to such claim by an attorney reasonably selected by the Company; 
 (iii)
cooperate with the Company in good faith in order effectively to contest such claim; and 
 (iv) permit the Company and/or Noble-London to
participate in any proceedings relating to such claim; 
 provided, however, that the Company shall bear and pay directly all costs and expenses (including
additional interest and penalties) incurred in connection with such contest and shall indemnify and hold the Executive harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties with respect thereto) imposed
as a result of such representation and payment of costs and expenses. Without limitation of the foregoing provisions of this Paragraph 7(c), the Company shall control all proceedings taken in connection with such contest and, at its sole option, may
pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Executive to pay the tax claimed and sue for a refund or
contest the claim in any permissible manner, and the Executive agrees to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction, and in one or more appellate courts, as the Company shall
determine; provided, however, that if the Company directs the Executive to pay such claim and sue for a refund, the Company shall advance the amount of such payment to the Executive, on an interest-free basis, and shall indemnify and hold the
Executive harmless, on an after-tax basis, from any Excise Tax or income tax (including interest or penalties with respect thereto) imposed with respect to such advance or with respect to any imputed income with respect to such advance; and provided
further, that any extension of the statute of limitations relating to payment of taxes for the taxable year of the Executive with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore,
the Company’s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and the Executive shall be entitled to settle or contest, as the case may be, any other issue raised by the
Internal Revenue Service or any other taxing authority. 

  
 13 

 (d) If, after the receipt by the Executive of an amount advanced by the Company pursuant to
Paragraph 7(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of Paragraph 7(c)) pay the amount of such refund to the Company
within 30 days of the receipt thereof by the Executive (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Paragraph 7(c), a
determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after
such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid. 

(e) Unless sooner paid pursuant to the foregoing provisions of this Paragraph 7, (i) any tax gross-up payment (within the meaning of
Treas. Reg. section 1.409A-3(i)(1)(v)) to be paid to or for the benefit of the Executive pursuant to this Paragraph 7 shall be paid no later than the end of the Executive’s taxable year that immediately follows the taxable year of the Executive
in which the Executive remits the related taxes, and (ii) any amount to be paid to or for the benefit of the Executive pursuant to this Paragraph 7 for expenses incurred due to a tax audit or litigation addressing the existence or the amount of
a tax liability referred to in this Paragraph 7 shall be paid no later than the end of the Executive’s taxable year that immediately follows the taxable year of the Executive in which the taxes that are the subject matter of the audit or
litigation are remitted to the taxing authority, or where as a result of such audit or litigation no taxes are remitted, the end of the Executive’s taxable year that immediately follows the taxable year of the Executive in which the audit is
completed or there is a final and non-appealable settlement or other resolution of the litigation. 
 8. Representations and
Warranties. 
 (a) The Company represents and warrants to the Executive that the execution, delivery and performance by the Company of
this Agreement have been duly authorized by all necessary corporate action of the Company and do not and will not conflict with or result in a violation of any provision of, or constitute a default under, any contract, agreement, instrument or
obligation to which the Company is a party or by which it is bound. 
 (b) The Executive represents and warrants to the Company that the
execution, delivery and performance by the Executive of this Agreement do not and will not conflict with or result in a violation of any provision of, or constitute a default under, any contract, agreement, instrument or obligation to which the
Executive is a party or by which the Executive is bound. 
 9. Confidential Information. The Executive recognizes and
acknowledges that the Company’s and its affiliated companies’ trade secrets and other confidential or proprietary information, as they may exist from time to time, are valuable, special and unique assets of the Company’s and/or such
affiliated companies’ business, access to and knowledge of which are essential to the performance of the Executive’s duties hereunder. The Executive confirms that all such trade secrets and other information constitute the exclusive
property of the Company and/or 

  
 14 

 
such affiliated companies. During the Employment Term and thereafter without limitation of time, the Executive shall hold in strict confidence and shall not, directly or indirectly, disclose or
reveal to any person, or use for the Executive’s own personal benefit or for the benefit of anyone else, any trade secrets, confidential dealings or other confidential or proprietary information of any kind, nature or description (whether or
not acquired, learned, obtained or developed by the Executive alone or in conjunction with others) belonging to or concerning the Company or any of its affiliated companies, except (i) with the prior written consent of the Company duly
authorized by its Board, (ii) in the course of the proper performance of the Executive’s duties hereunder, (iii) for information (x) that becomes generally available to the public other than as a result of unauthorized disclosure
by the Executive or the Executive’s affiliates or (y) that becomes available to the Executive on a nonconfidential basis from a source other than the Company or its affiliated companies who is not bound by a duty of confidentiality, or
other contractual, legal or fiduciary obligation, to the Company, or (iv) as required by applicable law or legal process. The provisions of this Paragraph 9 shall continue in effect notwithstanding termination of the Executive’s employment
hereunder for any reason. 
 10. Certain Definitions. 

(a) Effective Date. For purposes of this Agreement, “Effective Date” shall mean the first date during the Change of Control
Period (as defined in Paragraph 10 below) on which a Change of Control occurs. Notwithstanding anything in this Agreement to the contrary, if a Change of Control occurs and if the Executive’s Separation from Service occurs prior to the date on
which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such Separation from Service (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change of Control or
(ii) otherwise arose in connection with or anticipation of a Change of Control, then for all purposes of this Agreement the “Effective Date” shall mean the date immediately prior to the date of such Separation from Service. 

(b) Change of Control Period. For purposes of this Agreement, “Change of Control Period” shall mean the period commencing on
the date of this Agreement and ending on the third anniversary of such date; provided, however, that commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof
herein referred to as the “Renewal Date”), the Change of Control Period shall be automatically extended so as to terminate three years after such Renewal Date, unless at least 60 days prior to the Renewal Date the Company shall give notice
to the Executive that the Change of Control Period shall not be so extended. 
 (c) Change of Control. For purposes of this Agreement,
a “Change of Control” shall mean: 
 (i) the acquisition by any individual, entity or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 15% or more of either (A) the then outstanding Registered Shares of
Noble-London, excluding any treasury shares (the “Outstanding Parent Shares”), or (B) the combined voting power of the then outstanding voting securities of Noble-London entitled to vote generally in the election of 

  
 15 

 
directors (the “Outstanding Parent Voting Securities”); provided, however, that for purposes of this subparagraph (c)(i) the following acquisitions shall not constitute a Change of
Control: (w) any acquisition directly from Noble-London (excluding an acquisition by virtue of the exercise of a conversion privilege), (x) any acquisition by Noble-London, (y) any acquisition by any employee benefit plan (or related
trust) sponsored or maintained by Noble-London or any company controlled by Noble-London, or (z) any acquisition by any corporation pursuant to a reorganization, merger, amalgamation or consolidation, if, following such reorganization, merger,
amalgamation or consolidation, the conditions described in clauses (A), (B) and (C) of subparagraph (iii) of this Paragraph 10(c) are satisfied; or 

(ii) individuals who, as of the date of this Agreement, constitute the Noble-London Board (the “Incumbent Board”) cease for any
reason to constitute a majority of such Board of Directors; provided, however, that any individual becoming a director of Noble-London subsequent to the date hereof whose election, or nomination for election by Noble-London’s shareholders, was
approved by a vote of a majority of the directors of Noble-London then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose
initial assumption of office occurs as a result of either an actual or threatened election contest or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Noble-London Board; or 

(iii) consummation of a reorganization, merger, amalgamation or consolidation of Noble-London, with or without approval by the shareholders of
Noble-London, in each case, unless, following such reorganization, merger, amalgamation or consolidation, (A) more than 50% of, respectively, the then outstanding shares of common stock (or equivalent security) of the company resulting from
such reorganization, merger, amalgamation or consolidation and the combined voting power of the then outstanding voting securities of such company entitled to vote generally in the election of directors is then beneficially owned, directly or
indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Parent Shares and Outstanding Parent Voting Securities immediately prior to such reorganization, merger,
amalgamation or consolidation in substantially the same proportions as their ownership, immediately prior to such reorganization, merger, amalgamation or consolidation, of the Outstanding Parent Shares and Outstanding Parent Voting Securities, as
the case may be, (B) no Person (excluding Noble-London, any employee benefit plan (or related trust) of Noble-London or such company resulting from such reorganization, merger, amalgamation or consolidation, and any Person beneficially owning,
immediately prior to such reorganization, merger, amalgamation or consolidation, directly or indirectly, 15% or more of the Outstanding Parent Shares or Outstanding Parent Voting Securities, as the case may be) beneficially owns, directly or
indirectly, 15% or more of, respectively, the then outstanding shares of common stock (or equivalent security) of the company resulting from such reorganization, merger, amalgamation or consolidation or the combined voting power of the then
outstanding voting securities of such company entitled to vote generally in the election of directors, and (C) a majority of the members of the board of directors of the company resulting from such reorganization, merger, amalgamation or
consolidation were members of the Incumbent Board at the time of the execution of the initial agreement providing for such reorganization, merger, amalgamation or consolidation; or 

  
 16 

 (iv) consummation of a sale or other disposition of all or substantially all the assets of
Noble-London, with or without approval by the shareholders of Noble-London, other than to a corporation, with respect to which following such sale or other disposition, (A) more than 50% of, respectively, the then outstanding shares of common
stock (or equivalent security) of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or
indirectly, by all or substantially all the individuals and entities who were the beneficial owners, respectively, of the Outstanding Parent Shares and Outstanding Parent Voting Securities immediately prior to such sale or other disposition in
substantially the same proportion as their ownership, immediately prior to such sale or other disposition, of the Outstanding Parent Shares and Outstanding Parent Voting Securities, as the case may be, (B) no Person (excluding Noble-London, any
employee benefit plan (or related trust) of Noble-London or such corporation, and any Person beneficially owning, immediately prior to such sale or other disposition, directly or indirectly, 15% or more of the Outstanding Parent Shares or
Outstanding Parent Voting Securities, as the case may be) beneficially owns, directly or indirectly, 15% or more of, respectively, the then outstanding shares of common stock (or equivalent security) of such corporation or the combined voting power
of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors, and (C) a majority of the members of the board of directors of such corporation were members of the Incumbent Board at the
time of the execution of the initial agreement or action of the Noble-London Board providing for such sale or other disposition of assets of Noble-London; or 

(v) approval by the shareholders of Noble-London of a complete liquidation or dissolution of Noble-London. 

Notwithstanding the foregoing, or anything to the contrary set forth herein, a transaction or series of related transactions will not be considered to be a
Change of Control if (i) Noble-London becomes a direct or indirect wholly owned subsidiary of a holding company and (ii) (A) immediately following such transaction(s), the then outstanding shares of common stock (or equivalent
security) of such holding company and the combined voting power of the then outstanding voting securities of such holding company entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or
substantially all the individuals and entities who were the beneficial owners, respectively, of the Outstanding Parent Shares and Outstanding Parent Voting Securities immediately prior to such transaction(s) in substantially the same proportion as
their ownership immediately prior to such transaction(s) of the Outstanding Parent Shares and Outstanding Parent Voting Securities, as the case may be, or (B) the shares of Outstanding Parent Voting Securities outstanding immediately prior to
such transaction(s) constitute, or are converted into or exchanged for, a majority of the outstanding voting securities of such holding company immediately after giving effect to such transaction(s). 

(d) Separation from Service. For purposes of this Agreement, “Separation from Service” shall mean the Executive’s
separation from service (within the meaning of Section 409A of the Code and the regulations and other guidance promulgated thereunder) with the group of employers that includes the Company and each affiliated company. For this purpose, with
respect to services as an employee, an employee’s Separation from Service shall occur on the date as of which the employee and his or her employer reasonably anticipate that no further services will be performed after such date or that the
level of bona fide services the employee 

  
 17 

 
will perform after such date (whether as an employee or an independent contractor) will permanently decrease to no more than 20% of the average level of bona fide services performed (whether as
an employee or an independent contractor) over the immediately preceding 36-month period (or the full period of services to the employer if the employee has been providing services to the employer less than 36 months). 

(e) Specified Employee. For purposes of this Agreement, “Specified Employee” shall mean a specified employee within the
meaning of Section 409A(a)(2) of the Code and the regulations and other guidance promulgated thereunder. Each Specified Employee will be identified by the Chief Executive Officer of Noble-London on each December 31, using such definition
of compensation permissible under Treas. Reg. section 1.409A-1(i)(2) as said Chief Executive Officer shall determine in his or her discretion, and each Specified Employee so identified shall be treated as a Specified Employee for the purposes of
this Agreement for the entire 12-month period beginning on the April 1 following a December 31 Specified Employee identification date. 

(f) Separation Date. For purposes of this Agreement, “Separation Date” shall mean the date on which the Executive’s
Separation from Service occurs. 
 11. Full Settlement. 

(a) There shall be no right of set off or counterclaim against, or delay in, any payments to the Executive, or to the Executive’s heirs or
legal representatives, provided for in this Agreement, in respect of any claim against or debt or other obligation of the Executive or others, whether arising hereunder or otherwise. 

(b) In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable
to the Executive under any of the provisions of this Agreement, and such amounts shall not be reduced whether or not the Executive obtains other employment. 

(c) The Company agrees to pay as incurred, to the full extent permitted by law, all costs and expenses (including attorneys’ fees) that
the Executive, or the Executive’s heirs or legal representatives, may reasonably incur as a result of any contest (regardless of the outcome thereof) by the Company, the Executive or others of the validity or enforceability of, or liability
under, any provision of this Agreement, or any guarantee of performance thereof (including as a result of any contest by the Executive, or the Executive’s heirs or legal representatives, about the amount of any payment pursuant to this
Agreement), plus in each case interest on any delayed payment at the applicable federal rate provided for in Section 7872(f)(2) of the Code. The amounts payable by the Company pursuant to this Paragraph 11(c) shall be paid as soon as
practicable after such costs and expenses are incurred, but in no event later than the end of the taxable year of the Executive that immediately follows the taxable year of the Executive in which such costs and expenses were incurred. 

12. No Effect on Other Contractual Rights. The provisions of this Agreement, and any payment provided for hereunder, shall not reduce
any amounts otherwise payable to the Executive, or in any way diminish the Executive’s rights as an employee of the Company or any 

  
 18 

 
of its affiliated companies, whether existing on the date of this Agreement or hereafter, under any employee benefit plan, program or arrangement or other contract or agreement of the Company or
any of its affiliated companies providing benefits to the Executive. 
 13. Indemnification; Directors and Officers Insurance. The
Company shall (a) during the Employment Term and thereafter without limitation of time, indemnify and advance expenses to the Executive to the fullest extent permitted by the laws of the State of Delaware from time to time in effect and
(b) ensure that during the Employment Term, Noble-London acquires and maintains directors and officers liability insurance covering the Executive (and to the extent Noble-London desires, other directors and officers of Noble-London and/or the
Company and its affiliated companies) to the extent it is available at commercially reasonable rates as determined by the Noble-London Board; provided, however, that in no event shall the Executive be entitled to indemnification or advancement of
expenses under this Paragraph 13 with respect to any proceeding or matter therein brought or made by the Executive against the Company or Noble-London other than one initiated by the Executive to enforce the Executive’s rights under this
Paragraph 13. The rights of indemnification and to receive advancement of expenses as provided in this Paragraph 13 shall not be deemed exclusive of any other rights to which the Executive may at any time be entitled under applicable law, the
Certificate of Incorporation or Bylaws of the Company, the Articles of Association of Noble-London, any agreement, a vote of shareholders, a resolution of the Board or the Noble-London Board, or otherwise. The provisions of this Paragraph 13 shall
continue in effect notwithstanding termination of the Executive’s employment hereunder for any reason. 
 14. Injunctive Relief.
In recognition of the fact that a breach by the Executive of any of the provisions of Paragraph 9 will cause irreparable damage to the Company and/or its affiliated companies for which monetary damages alone will not constitute an adequate remedy,
the Company shall be entitled as a matter of right (without being required to prove damages or furnish any bond or other security) to obtain a restraining order, an injunction, an order of specific performance, or other equitable or extraordinary
relief from any court of competent jurisdiction restraining any further violation of such provisions by the Executive or requiring the Executive to perform the Executive’s obligations hereunder. Such right to equitable or extraordinary relief
shall not be exclusive but shall be in addition to all other rights and remedies to which the Company or any of its affiliated companies may be entitled at law or in equity, including without limitation the right to recover monetary damages for the
breach by the Executive of any of the provisions of this Agreement. 
 15. Governing Law. This Agreement shall be governed by and
construed and enforced in accordance with the laws of the State of Texas, without regard to the principles of conflicts of laws thereof. 

16. Notices. All notices, requests, demands and other communications required or permitted to be given or made hereunder by either
party hereto shall be in writing and shall be deemed to have been duly given or made (i) when delivered personally, (ii) when sent by telefacsimile transmission, or (iii) five days after being deposited in the United States mail,
first class registered or certified mail, postage prepaid, return receipt requested, to the party for which intended at the following addresses (or at such other addresses as shall be specified by the parties by like notice, except that notices of
change of address shall be effective only upon receipt): 

  
 19 

					
		 	If to the Company, at	  	Fax No.:
		 		  	Attention:
			
		 	If to the Executive, at	  	Fax No.:
		 		  	Attention:

 17. Binding Effect; Assignment; No Third Party Benefit. 

(a) This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive
otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and shall be enforceable by the Executive’s legal representatives. 

(b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. 

(c) The Company shall require any successor or assign (whether direct or indirect, by purchase, merger, consolidation, amalgamation or
otherwise) to all or substantially all the business and/or assets of the Company, by agreement in writing in form and substance reasonably satisfactory to the Executive, expressly, absolutely and unconditionally to assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession or assignment had taken place. As used in this Agreement, the “Company” shall mean the Company as hereinbefore
defined and any successor or assign to the business and/or assets of the Company as aforesaid which executes and delivers the agreement provided for in this Paragraph 17(c) or which otherwise becomes bound by all the terms and provisions of this
Agreement by operation of law. The Company shall require that the guaranty of Noble-London of the obligations of the Company under this Agreement shall contain a similar provision regarding any successor or assign of Noble-London. 

(d) Nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties hereto and
Noble-London, and their respective heirs, legal representatives, successors and permitted assigns, any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. 

18. Miscellaneous. 
 (a)
Amendment. This Agreement may not be modified or amended in any respect except by an instrument in writing signed by the party against whom such modification or amendment is sought to be enforced. No person, other than pursuant to a
resolution of the Board or a committee thereof, which resolution is approved by the Noble-London Board or a committee thereof, shall have authority on behalf of the Company to agree to modify, amend or waive any provision of this Agreement or
anything in reference thereto. 
 (b) Waiver. Any term or condition of this Agreement may be waived at any time by the party hereto
which is entitled to have the benefit thereof, but such waiver shall only be effective if evidenced by a writing signed by such party, and a waiver on one occasion shall not be deemed to be a waiver of the same or any other type of breach on a
future occasion. No failure or delay by a party hereto in exercising any right or power hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of
any other right or power. 

  
 20 

 (c) Withholding Taxes. The Company may withhold from any amounts payable under this
Agreement such federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation. 

(d) Nonalienation of Benefits. The Executive shall not have any right to pledge, hypothecate, anticipate or in any way create a lien
upon any payments or other benefits provided under this Agreement; and no benefits payable hereunder shall be assignable in anticipation of payment either by voluntary or involuntary acts, or by operation of law, except by will or pursuant to the
laws of descent and distribution. 
 (e) Severability. If any provision of this Agreement is held to be invalid or unenforceable,
(a) this Agreement shall be considered divisible, (b) such provision shall be deemed inoperative to the extent it is deemed invalid or unenforceable, and (c) in all other respects this Agreement shall remain in full force and effect;
provided, however, that if any such provision may be made valid or enforceable by limitation thereof, then such provision shall be deemed to be so limited and shall be valid and/or enforceable to the maximum extent permitted by applicable law. 

(f) Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto concerning the subject matter hereof,
and from and after the date of this Agreement, this Agreement shall supersede any other prior agreement or understanding, both written and oral, between the parties with respect to such subject matter. 

(g) Captions. The captions herein are inserted for convenience of reference only, do not constitute a part of this Agreement, and shall
not affect in any manner the meaning or interpretation of this Agreement. 
 (h) References. All references in this Agreement to
Paragraphs, subparagraphs and other subdivisions refer to the Paragraphs, subparagraphs and other subdivisions of this Agreement unless expressly provided otherwise. The words “this Agreement”, “herein”, “hereof”,
“hereby”, “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. Whenever the words “include”, “includes” and
“including” are used in this Agreement, such words shall be deemed to be followed by the words “without limitation”. Words in the singular form shall be construed to include the plural and vice versa, unless the context otherwise
requires. 

  
 21 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its behalf by its
duly authorized officer, and the Executive has executed this Agreement. 
  

			
	“COMPANY”
		
	By:	 	 
	Name:
	Title:
	
	“EXECUTIVE”
	
	 

  
 22 

 GUARANTY 

This DEED OF GUARANTY is made as
of                                 , 20
            by Noble Corporation plc, a public limited company incorporated under the laws of England and Wales (the “Parent Company”), for the benefit of
                                (the “Executive”); 

WITNESSETH: 

WHEREAS,                      
   , a                         and an indirect, wholly owned subsidiary of the Parent Company (“Noble”),
previously has entered into an Employment Agreement with the Executive (the “Original Employment Agreement”); and 
 WHEREAS, the
Parent Company desires to guarantee the performance by Noble of its obligations under the Restated Employment Agreement by and between
                            , a corporation, and
                        (the “Employment Agreement”), and the Board of Directors of the Parent Company has determined
that it is reasonable and prudent for the Parent Company to deliver this Guaranty and necessary to promote and ensure the best interests of the Parent Company and its shareholders; 

NOW, THEREFORE, in consideration of the premises, the Parent Company hereby irrevocably and unconditionally guarantees, as primary obligor,
the due and punctual performance by Noble of its agreements and obligations, all and singular, under the Employment Agreement. This Guaranty shall survive any liquidation of Noble or any of its subsidiaries. This Guaranty shall be governed by and
construed in accordance with the laws of the State of Texas. 
 The obligations of the Parent Company hereunder shall be absolute and
unconditional and shall remain in full force and effect until the termination of the Employment Agreement or the complete performance by Noble of its obligations thereunder, irrespective of the validity, regularity or enforceability of the
Employment Agreement, any change or amendment thereto, the absence of any action to enforce the same, any waiver or consent by the Executive or Noble with respect to any provision of the Employment Agreement, the recovery of any judgment against
Noble or any action to enforce the same, or any other circumstances that may otherwise constitute a legal or equitable discharge or defense of the Parent Company. The Parent Company waives any right of set-off or counterclaim it may have against the
Executive arising from any other obligations the Executive may have to Noble or the Parent Company. 
 The Parent Company shall require any
successor or assign (whether direct or indirect, by purchase, merger, reorganization, consolidation, amalgamation or otherwise) to all or substantially all the business and/or assets of the Parent Company, by agreement in writing in form and
substance reasonably satisfactory to the Executive, expressly, absolutely and unconditionally to assume and agree to perform this Guaranty in the same manner and to the same extent that the Parent Company would be required to perform it if no such
succession or assignment had taken place. As used in this Guaranty, the “Parent Company” shall mean the Parent Company as hereinbefore defined and any successor or assign to the business and/or assets of the Parent Company as aforesaid
which executes and delivers the agreement provided for in this paragraph or which otherwise becomes bound by all the terms and provisions of this Guaranty by operation of law. 

  
 23 

 IN WITNESS WHEREOF, the Parent Company has caused this Deed of Guaranty to be executed as a deed
on its behalf, and duly delivered, as of the date first above set forth. 
  

			
	 EXECUTED as a DEED by
 NOBLE
CORPORATION PLC

		
	 Acting by:
	 	 

  

			
		
	 In the presence of:
	 	
		
	 Witness signature:
	 	 
		
	 Witness Name:
	 	 
		
	 Address:
	 	 
		
		 	 
		
		 	 
		
	 Occupation:
	 	 

  
 24

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