Document:

exv10w16

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

Exhibit 10.16

CONFIDENTIAL TREATMENT REQUESTED

ODM Product Development and Purchase Agreement

Between

Giant Electronics

And

ShoreTel

     This ODM product development and purchase agreement (“Agreement”) is entered into between
Giant Electronic Ltd., a Hong Kong company, with its principal place of business at 7/F., Elite
Industrial Building, 135-137 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong (“Giant”), and ShoreTel,
Inc. (“ShoreTel”), a California corporation with its principal place of business at 960 Stewart
Drive, Sunnyvale, California 94085, USA. This Agreement shall be effective as of May 1, 2003
(“Effective Date”). Giant and ShoreTel are sometimes referred to herein individually as a “Party”
or collectively as “the Parties”.

RECITALS

     WHEREAS, Giant is a manufacturer of electronics and data communications equipment, and in
conjunction Elite Communication, Inc, (“ECI”) a U.S. company that contracts design work for Giant,
is developing Voice Over IP (VoIP) endpoint products and associated software that are designed to
be used and deployed with ShoreTel IP based communication products being developed for certain
markets, and

     WHEREAS, ShoreTel is a developer of IP based voice communications systems for enterprise
customers. ShoreTel is developing the ShoreTel line of IP based communications systems and
software, and

     WHEREAS, ShoreTel and Giant desire to develop a joint relationship that will allow them to
apply resources to develop tested, interoperable IP telephony products with ShoreTel specific, and

     WHEREAS, ShoreTel agrees to ODM several models of IP telephones (the “Product”) from Giant
during the term of the agreement, where ShoreTel will purchase directly from Giant and sell such
Product to channels and distribution as established by ShoreTel.

     NOW THEREFORE, in consideration of the mutual promises, covenants and conditions contained
herein, the parties hereto mutually agree as follows:

TERMS AND CONDITIONS

1. TERM OF THE AGREEMENT

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

     This Agreement shall become effective on the date first written above and shall
continue for an initial term of three (3) years, after which it shall automatically renew
for three (3) successive one (1) year periods unless either party notifies the other in
writing at least sixty (60) days prior to the next annual anniversary of its intention not
to renew. ShoreTel and Giant entered into a Design and Manufacturing Agreement on May 1,
2003 (the “DMA”). The DMA was intended to set forth the major terms and conditions for this
Agreement; hence the terms and conditions of this Agreement supersede those of the DMA.

2. ODM SUPPLY ACTIVITIES

     The purpose of the ODM supply activities is to define the terms for ShoreTel to procure
the Product from Giant. The ODM Supply Activities are described in greater detail in
Exhibit A – ODM Supply Activities, attached hereto and incorporated herein by reference.

3. PRODUCT DEVELOPMENT AND INTEROPERABILITY

     In consideration of the specific activities associated with the development of the
Product for ShoreTel, a non-recurring expense fee (“NRE”) of **** shall be paid by ShoreTel
to Giant. This fee shall be due and payable as set forth in Exhibit B. Giant, at its
election, may delegate some or all of the development to ECI.

     The product development activities and are described in greater detail in Exhibit B –
Product Development and Interoperability Activities, attached hereto and incorporated herein
by reference.

4.

     4.1 LICENSE GRANTS

     ShoreTel grants Giant a royalty free, non-transferable, non-exclusive license to the
ShoreTel, client software (in object code format only) and documentation solely for the
purpose of developing products that are interoperable with ShoreTel telephony products.
Such License is granted only during the period and under the terms of this agreement

     Giant grants to ShoreTel a non-exclusive, non-transferable, royalty-free, world wide
license to use Giant technology (and any ECI technology licensed by Giant) associated with
IP telephony, solely for the purpose of assuring that Giant IP telephony products properly
operate with ShoreTel products.

     This license is granted only during the period and under the terms of this agreement.

     Giant grants to ShoreTel associated right to load firmware as mutually developed,
verified and released for end user installations to the phones via the Shoreware server.

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

     This includes maintenance and diagnostic utilities that reside and execute on a
processor other than the phones.

     4.2 COPYRIGHT NOTICES

     Each party shall ensure that all copies of its software or collateral material in its
possession or control incorporates copyright and other proprietary notices in the manner
that such party incorporate such notices, or in any manner reasonably requested by the other
party.

     4.3 TECHNICAL SUPPORT

     The parties agree that customer technical support programs to support end users and
resellers will be developed by ShoreTel. Giant agrees to provide, upon request, reasonable
technical assistance and information to ShoreTel. For those problems not easily isolated,
Giant and ShoreTel agree to cooperate in troubleshooting through identification of root
cause. The Parties agree to develop and document an escalation process to ensure effective
hand-off of Product problems to Giant. Giant warrants that the software will perform to
specifications detailed on Exhibit B and agrees to perform necessary bug fixes in a timely
manner. In the event a model of the Product is manufacturing discontinued, Giant will
provide support for the product for subsequent period of three (3) years.

5. PUBLICITY

     Except as may be required by law, neither party shall, without the other party’s prior
written consent, which shall not be unreasonably withheld:

	 	(a)	 	Make any news release, public announcement, denial or
confirmation of this agreement or its subject matter; or
	 
	 	(b)	 	In any manner advertise or public the fact that they have
contracted hereunder.

6. CONFIDENTIALITY

     During the course of this Agreement, each party may disclose to the other certain
proprietary or confidential information, which shall be received in confidence and not
revealed to third parties or applied to users other than recipient’s performance of its
obligations hereunder. A mutual nondisclosure agreement, attached hereto as Exhibit C was
previously executed. The term of this previously executed nondisclosure agreement is hereby
extended to be co-terminous with this Agreement.

7. TERMINATION

7.1 Termination for Convenience. Either party may terminate this Agreement, at will, at any
time, with or without cause, by written notice to the other given not less than one hundred
twenty (120) days prior to the effective date of such notice. In no event

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

shall either party be liable for compensatory damages as a result of termination of this
Agreement pursuant to this Subsection.

7.1.1 Obligations upon termination to continue supply of Products. In the event that Giant
exercises a termination of this agreement for convenience, Giant shall guarantee
availability of Product for a period of 6 months beyond date of termination and will
continue to perform all support and maintenance obligations hereunder for 15 month beyond
date of termination.

7.2 Termination of Cause. Either party shall have the right to terminate this Agreement for
cause if the other party:

	 	(a)	 	Fails to perform any material term or condition of this
Agreement, and does not remedy the failure with thirty (45) days after receipt
of written notice of such default given by the non-defaulting party; or
	 
	 	(b)	 	Becomes insolvent, files or has filed against it a petition
under applicable bankruptcy or insolvency laws which is not dismissed within
ninety (90) days, proposes any dissolution, composition or financial
reorganization with creditors, makes an assignment for the benefit of
creditors, or if a receiver, trustee, custodial or similar agent is appointed
or takes possession with respect to any property or business of the defaulting
party.

7.3 Obligations upon Termination or Expiration. The termination or expiration of this
Agreement shall in no way relieve either party from its obligations to pay the other party
any sums accrued hereunder prior to such termination or expiration or from its obligations
with regard to Confidential Information or other such provisions of this Agreement that by
their nature are intended to survive beyond such termination. Additionally, each party
agrees to promptly return any property of the other party within 30 days after termination.

7.4 Manufacturing Rights. In the event that Giant terminates for convenience or ShoreTel
terminates for cause, Giant shall grant ShoreTel a paid up license to manufacture Product
and shall transfer to ShoreTel within 10 days its intellectual property of the Product along
with latest artwork for the PWB and all other information required to manufacture the
product.

8. INTELLECTUAL PROPERTY INDEMNITY

With the exception of the required feature implementation in ShoreTel products of **** and
****,

8.1 Giant shall defend, indemnify and hold ShoreTel harmless from any claim that Giant
products, or any part thereof, furnished to ShoreTel under this Agreement, infringe any
existing patent, trademark or copyright, or misappropriate a trade secret of any third
party, provided that Giant (i) is notified promptly in writing of such claim by ShoreTel,

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

and (ii) ShoreTel provides reasonable assistance to Giant in the defense of such suit or
proceeding.

8.2 Giant shall have the sole control over the defense and/or any settlement of any such
claim and shall pay costs and damages finally awarded against ShoreTel.

8.3 In the event Giant products, or any part thereof, are in Giant’s opinion likely to
become, or do become the subject of a claim, or are held in any suit or proceeding to
constitute an infringement of any patent, copyright, or other proprietary right or any third
party, or become the subject of an injunction prohibiting the use thereof, or any settlement
requires the use of Giant products to be discontinued, Giant shall at its own option and
expense either (i) procure for ShoreTel and customers of ShoreTel the right to continue
using said Giant products, (ii) replace the same with non-infringing Giant products with
equivalent or better capacity and performance, or (iii) modify the Giant products so they
become non-infringing.

8.4 the obligation of indemnification does not apply to any claim, or portion thereof,
arising from (i) the use of Giant products, or any part thereof, furnished under this
Agreement used in combination with products not supplied by Giant or not specified by Giant,
(ii) alteration or modification of any Giant product supplied hereunder, (iii) Giant’s
compliance with ShoreTel’s designs, specifications or instructions, or (iv) the use of other
than the then current unaltered release of the software product available from Giant; to the
extent that the infringement would not have occurred in the absence of such combination
modification, compliance with specifications, or use of other than the current release.

9. LIMITATION OF LIABILITY

EXCEPT FOR INDEMNITY OBLIGATIONS HEREUNDER AS THEY APPLY TO THIRD PARTY DAMAGES, IN NO EVENT
SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY INDIRECT, INCIDENTAL OR
CONSEQUENTIAL DAMAGES, OR LOST PROFITS, ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE
PERFORMANCE OR BREACH HEREOF, EVEN IF THE BREACHING PARTY HAS BEEN ADVISED OF THE
POSSIBILITY THEREOF.

10. DISPUTE RESOLUTION

10.1 Informal Dispute Resolution. The parties shall first use best efforts to resolve any
disputes informally. If they are unable to resolve a dispute informally, the party raising
the dispute shall submit a written request for escalation to the other party.

10.2 Arbitration. Any dispute arising under or relating to this Agreement, which is not
resolved in accordance with Section 10.1, shall be resolved solely by binding arbitration in
the state of California pursuant to this section. THE PARTIES EXPRESSLY WAIVE ANY RIGHT
EITHER MAY HAVE TO A TRIAL BY JURY. The parties hereby agree to conduct such proceedings in
confidence without admission to

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

such proceedings by any persons who are not parties to such dispute. Publicity regarding
the dispute shall be released only pursuant to joint agreement of the parties.

10.3 Selection of Arbitrator. The arbitration proceedings shall be conducted in accordance
with the Commercial Rules of the American Arbitration Association in effect at the time of
the request for arbitration, before three (3) neutral arbitrators who have not had any
business, employment, or other relationship with Giant or ShoreTel. One arbitrator shall be
selected by Giant and the other by ShoreTel, and the third arbitrator shall be selected by
the two arbitrators so selected. In the event the two arbitrators cannot agree upon the
third arbitrator within fourteen (14) days of both being selected, the parties shall request
that the American Arbitration Association appoint such arbitrator, provided that such
arbitrator shall have five (5) or more years’ experience in arbitrating hardware and
software disputes.

10.4 Procedure. The parties to said dispute shall provide such information, testimony, and
evidence as requested or permitted by the arbitrators. The arbitrators shall apply the law
chosen by the parties to govern this Agreement, including the applicable statute of
limitations for any claims raised. The decision of two or more of the arbitrators shall be
final and may be entered as a judgment and enforced in any court having proper jurisdiction.
The arbitrators’ decision shall be in writing, and shall include a statement of reasons.
The arbitrators shall not be permitted to award punitive or indirect damages.

10.5 Costs. The parties shall bear their own costs and expenses of preparing testimony and
presenting witnesses and evidence, including attorneys’ fees and costs. The costs of the
American Arbitration Association and the arbitrators shall be borne by the parties to the
proceedings equally.

10.6 Injunctive Relief. Nothing in this section shall prevent either party from seeking
injunctive or other equitable relief in either the state or federal courts, and both parties
submit to the exclusive jurisdiction of such courts for any such claim for relief.

11. GENERAL

11.1 Relationship of the Parties. The parties shall at all times during the term of this
Agreement act as, and shall represent themselves to be, independent contractors, and not as
an agent or employee of the other Party. Unless specified to the contrary in this
agreement, Giant acknowledges that for the purposes of this agreement that it assumes all
liabilities and obligations of ECI.

11.2 Entire Agreement. This Agreement is intended as the complete, final and exclusive
statement of the terms of the agreement between the parties and supersedes any and all other
agreements between them relating to the subject matter hereof. This Agreement may not be
modified except on a writing executed by both parties.

11.3 Force Majeure. Neither Party shall be liable to the other Party for any alleged loss
or damages resulting from acts of the other Party, acts of civil or military authority,
governmental priorities, earthquake, fire, flood, epidemic, quarantine, energy crisis,

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

strike, labor trouble, war, riot, accident, shortage, delay in transportation, or any other
causes beyond the reasonable control of the Party whose performance is delayed.

11.4 Notices. Notices shall be given in writing to the address stated immediately below, or
to such other address as shall be given by either Party to the other in writing. Any notice
involving non-performance, termination, or renewal shall be sent by recognized overnight
courier or by certified mail, return receipt requested. All other notices may additionally
be sent by fax or email with a confirmation of receipt. All notices shall be deemed to have
been given and received on the earlier of actual delivery (except that faxes and emails sent
on a non-business day will be deemed received on the next business day) or three (3) days
from the date of postmark.

	 	 	 
	To Giant:	 	To ShoreTel:
	Giant Electronics Ltd

	 	ShoreTel
	7/F Elite Industrial Bldg.

	 	960 Stewart Drive
	135-137 Hoi Bun Road

	 	Sunnyvale, CA 94085
	Kwun Tong, Kowloon, Hong Kong

	 	Attn: John Finegan
	 
	 	 
	Attn: CPCHAN

	 	Email: jfineclan@shoretel.com
	Email: cp.chan.giant@elitecorp.com

	 	Fax: 408.331.3650
	Fax: 852-23436224

	 	Telephone: 408.331.3409
	Telephone: 852-27973363
	 	 

11.5 Waiver. A waiver of any default hereunder or of any of the terms and conditions of
this Agreement shall not be deemed to be a continuing waiver or a waiver of any other
default or of any other term or condition, but shall apply solely to the instance to which
such waiver is directed. Except as expressly provided herein to the contrary, the exercise
of any right or remedy provided in this Agreement shall be without prejudice to the right to
exercise any other right or remedy provided by law or equity.

11.6 Severability. In the event any provision of this Agreement is found to be invalid,
illegal or unenforceable, a modified provision shall be substituted which carries out as
nearly as possible the original intent of the parties, and the validity, legality and
enforceability of any other remaining provision shall not in any way be affected or impaired
thereby.

11.7 Assignment. This Agreement shall not be assigned by either Party without the prior
written consent of the other and such consent shall not be unreasonably withheld.

11.8 Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND ALL DISPUTES
HEREUNDER SHALL BE GOVERNED BY THE LAWS OF THE STATE OF CALIFORNIA, EXCEPT ITS CONFLICT OF
LAW RULES. With the exception of the Dispute Resolution provision above, the Superior Court
of Santa Clara County and/or the United States District Court for the Northern District of
California shall have non-exclusive jurisdiction and venue over all controversies in
connection herewith.

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

11.9 Attorney’s Fees. In any action to enforce, or arising out of, this Agreement, the
prevailing Party shall be entitled to be awarded all court cost and reasonable legal fees
incurred.

11.10 Counterparts. This Agreement may be executed in any number of counterparts with the
same effect as if both parties hereto had signed the same document. All counterparts will
be construed together and will constitute one agreement. A facsimile copy or photocopy of
this Agreement, including the signature pages hereto, shall be deemed to be an original.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
duly authorized representatives on the date(s) set forth below.

	 	 	 	 	 	 	 	 	 	 	 
	Giant

	 	 
	 	 	 	ShoreTel
	 	 
	 
	Signature

	 	/s/ Max Loong
 

	 	 	 	Signature
	 	/s/ John Finegan
 

	 	 

	 	 	 	 	 	 	 	 	 	 	 
	Printed

	 	Max Loong
 

	 	 	 	Printed
	 	John Finegan
 

	 	 

	 	 	 	 	 	 	 	 	 	 	 
	Title

	 	 	 	 	 	Title	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 

	 	 	 	 	 	 	 	 	 	 	 
	Date

	 	 	 	 	 	Date	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

Giant and ShoreTel ODM Product Development and Purchase Agreement

Exhibit A – ODM Supply Activities

	 	 	 	 	 	 	 
	ITEM	 	DESCRIPTION	 	TERMS
	A.1	 	Forecast	 	On a monthly basis, ShoreTel will provide to Giant a
12 month rolling unit forecast for the products.
The Forecast is to be used for planning purposes and
is in itself non- binding.
	 
	 	 	 	 	 	 
	A.2	 	Exclusivity	 	The Product as released for ShoreTel will be
specific and exclusive to ShoreTel. Giant will sell
the Product only to ShoreTel. Software mutually
developed under this agreement will be utilized only
in ShoreTel specific products. Such software shall
be issued directly to ShoreTel for their control and
distribution with the product(s).
	 
	 	 	 	 	 	 
	A.3	 	Payment Terms	 	Giant shall invoice ShoreTel with each shipment.
All payments are due upon receipt of Product at
ShoreTel’s U.S. warehouse. Additionally, ShoreTel
shall issue a stand-by letter of credit in an amount
to approximate two months worth of purchase orders.
	 
	 	 	 	 	 	 
	A.4	 	Purchase Orders	 	Shall be submitted in writing or fax to Giant and
shall include:
	 

	 	 	 	 	 	1. Identification of products ordered, including
model and color
	 

	 	 	 	 	 	2. Quantity to be purchased
	 

	 	 	 	 	 	3. Price of products ordered
	 

	 	 	 	 	 	4. Delivery dates
	 

	 	 	 	 	 	5. Shipping and labeling requirements
	 
	 	 	 	 	 	 
	A.5	 	Order Lead Time	 	Orders are to be placed **** prior to requested
delivery date.
	 
	 	 	 	 	 	 
	A.6	 	Rush Orders	 	ShoreTel may place orders requesting less than
standard lead time, or immediate delivery. Giant
shall use commercially reasonable efforts to fill
such rush orders. The parties shall negotiate in
good faith the additional cost incurred. Buyer is
responsible for any air freight costs for such rush
orders.
	 
	 	 	 	 	 	 
	A.7	 	Product Warranties	 	To ShoreTel and its customers, Giant warrants the
products shall be new and unused, and shall perform
in accordance with the applicable specifications and
quality standards as set forth in this agreement and
shall be free from defect in materiel and
workmanship for a period of fifteen (15) months from
the date of shipment by Giant (the “Warranty
Period”). During the warranty period, Giant shall
repair or replace (at it’s option), and return or
deliver to locations designated by ShoreTel within
21 working days, any defective product, providing
the defective product is returned to Giant by
ShoreTel.

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

	 	 	 	 	 	 	 
	ITEM	 	DESCRIPTION	 	TERMS
	A.8	 	Pricing	 	For the period commencing with the effective date of
this agreement, and extending to December 31, 2004,
the following pricing applies. Parties agree to
work together to reduce costs after this date.
Pricing is based on aggregate target annual volumes
of 40,000 each for S1&2 and 20,000 for S6, though
first year volumes are estimated to total 25,000
phones. The parties may agree to add models to this
agreement as mutually agreed. In subsequent periods
the parties may re-negotiate volume pricing
schedules.
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	****
	 
	 	 	 	 	 	 
	 	 	 	 	All pricing is FOB Hong Kong. Title and risk of
loss for the Products shall pass to ShoreTel upon
delivery by Giant to the common carrier at the FOB
Point. The parties may agree to add models to this
agreement as they are mutually developed.
	 
	 	 	 	 	 	 
	A.9	 	Minimum Shipment

Quantities	 	1,000 units of combined models per shipment
	 
	 	 	 	 	 	 
	A.10	 	Rescheduling and
Mix Changes	 	ShoreTel may reschedule orders once and for up to
**** past original requested ship date provided that
such reschedule request is made at least **** prior
to original ship date. Color mix and combined S2
and S6 unit mix may be changed up to **** prior to
scheduled ship date.

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

Giant and ShoreTel ODM Product Development and Purchase Agreement

Exhibit B – Product Development and

Interoperability Activities

DEVELOPMENT OF IP PHONES

WHEREAS, ShoreTel’s communication products require highly interoperable IP phones that provide
reliable and specific telephony features on IP networks using the ShoreTel products, and

WHEREAS, Giant, in conjunction with it’s affiliate ECI, is prepared to develop, manufacture and
sell IP telephones that will interoperate with ShoreTel products, and

WHEREAS, the IP telephones will comply with an agreed upon specifications which are set forth below

1. DEVELOPMENT PROCESS & MILESTONES

Three models of IP phones, designated below as S1, S2, and S6, will initially be developed. Each
party will maintain and track issues associated with development and interoperability and will
disclose the tracking and resolution of the issues to the other party.

The parties agree to assign management level focal point contacts in Engineering, Marketing,
Quality Assurance, and customer support who will track and resolve issues and report to management
the on going status on development and interoperability. The parties agree to conduct periodic
progress reviews with the goal of achieving the milestones below.

	 	 	 	 	 
	ITEM	 	MILESTONE	 	DATE(S)
	1

	 	ShoreTel integration with engineering samples
	 	December 22, 2003
	2

	 	ShoreTel Alpha test release
	 	February 16, 2004
	3

	 	Beta Release
	 	March 17, 2004
	4

	 	GA and Launch
	 	April 30, 2004

2. Requirements for ShoreTel IP Phone Family, version 1.0: Reference
document revision 1q dated March 16, 2004

3. Software Interface Requirements for ShoreTel IP Phone Family, version Final: reference
Attachment A “Shoreline IP Phone Product Requirements, revision 1 final dated May
5,2004

Revisions

0.1 14 March 2003. First issue.

0.2 24 March 2003. Changes:

	 	•	 	Added an additional outgoing media stream for conferencing.
	 
	 	•	 	Configuration changes do not require rebooting.
	 
	 	•	 	Added display requirements.
	 
	 	•	 	Added LED interface.
	 
	 	•	 	Added key down/up interface.

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

1.0 27 March 2003. Changes:

	 	•	 	Clarified use of MAC wildcarding in Identification Endpoint section, removing
Endpoint ID section.
	 
	 	•	 	Removed 16-bit linear as a required codec
	 
	 	•	 	S1 phone does not have wideband microphone/speaker
	 
	 	•	 	Changed packetization intervals from 5 to 10 ms
	 
	 	•	 	Removed use of wav files for rings and tones
	 
	 	•	 	Added local time display
	 
	 	•	 	Added local interface requirements

4. Quality Specifications

MIL-105E level II, AQL critical 0, major 0.65, minor 2.5 as per Giant’s usual standard

4. NRE

NRE includes SW and HW development, system testing, compliance testing
(UL/FCC/CE) and to-be-established MTBF rates and Field quality targets such that DOA does not
exceed **** and reject rate for all other reasons does not exceed ****. The total NRE shall be
****. Five sample units of each model phone are included in the NRE. Further, 25 units of each
model for use in ShoreTel software testing, 18 units of each model for use in ShoreTel alpha
testing and 100 units each of the S1&2 and 50 units of the S6 for use in ShoreTel beta
testing will be available for sale to ShoreTel at the same price as for the first production units.

Payment terms for NRE: **** upfront, **** upon engineering sample acceptance, **** upon compliance
testing completion. Balance **** to be amortized into the unit cost at an amount of **** per unit
until the NRE is fully paid; however all NRE shall be fully paid within 12 months of first
production shipment.

5. THIRD PARTY LICENSE FEES

The Product will require licenses to use certain third party technology. Giant & ECI are
responsible for procuring such licenses from third party suppliers (e.g. Broadcom, Windriver). In
conjunction with these licenses, ShoreTel shall pay a total of **** to Giant with **** paid upfront
and the balance upon 1st production shipment of phones.

6. TOOLING

A total of **** will be paid by ShoreTel to Giant for all tooling associated with the
Product. Payment terms for such are **** when Giant commits funds to build or have built the
tooling and the remainder when first production units are shipped. Upon completion of
payments ShoreTel will own all such tooling. Such tooling shall initially be located at Giant
facilities but may be moved if ShoreTel so elects.

7. INTELLECTUAL PROPERTY

The general Intellectual Property (“I.P.”) Philosophy is:

 

			
	*	 	ShoreTel shall own the I.P. for the Industrial Design provided to ECI, and licenses ECI to use
such for the S1, S2 and S6 IP phones.
	 
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

[Exhibit 10.16
- Exhibit B]

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

 

			
	*	 	ECI owns the I.P. for all other parts of the S1, S2 and S6 IP phones, including the ****, **** and
**** and assigns Giant the right to use and further license such I.P.

ShoreTel I.P., detail:

ShoreTel will provide all, or part, of the requirement documents identified in the SOW to ECI for
the development of the S1, S2 and S6 IP phones.

All of the industrial design and related documentation, including CAD/CAM files mentioned below,
will be the intellectual property of ShoreTel. ECI/Giant is permitted use of all of the ShoreTel
I.P. to design and manufacture the S1, S2 and S6 IP phones for ShoreTel under the contract
developed for such activity. ShoreTel also provides ECI/Giant with the rights to share the listed
information with sub-contractors for the S1, S2 and S6 IP phone development only. This sharing
does not license ECI/Giant or those sub-contractors to use the information for any other activity,
and does not allow for sharing with other parties for any reason, without the written consent of
ShoreTel. ECI/Giant will ensure that the sub-contractors not share this information outside the
scope of the S1, S2 and S6 IP phone development. Sub-contractors are required to return or destroy
all copies of this information upon completion of the project.

ECI I.P., detail:

ECI will provide to ShoreTel artwork and CAD/CAM files on the physical design for all **** and ****
of the S1, S2 and S6 IP phones.

The PWB layout/artwork is ECI’s I.P.

ECI owns the I.P. concerning the ****.

ECI owns the I.P. developed for the ****.

All ECI I.P. is licensed for use by Giant and Giant has rights to further license to ShoreTel.

ShoreTel will have royalty free rights to the above intellectual property item supplied by ECI,
after completion of payment of NRE (See above for terms).

In the event that Giant decides not to manufacture the S1, S2 and S6 IP phones per the requirements
of the contract or is unable to meet agreed upon product or quality specifications, Giant will
transfer I.P. ownership of the products to ShoreTel and provide the latest artwork for the PWB and
all other information required to manufacture the product.

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Submittal for review

GIANT AND SHORETEL CONFIDENTIAL

Giant and ShoreTel ODM Product Development and Purchase Agreement

Exhibit C – Mutual Non-Disclosure and Other Agreements

A Mutual Non-disclosure Agreement was previously signed that covers disclosures that will be made
pursuant to this agreement on May, 2003.

End Exhibit C

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

CONFIDENTIAL TREATMENT REQUESTED

Giant/ShoreTel ODM Agreement

Addendum issues for Manufacturing Rights:

To further define ‘material term or condition’ in termination for cause section 7.2a, add:

	 	1.	 	Failure to deliver (ex-factory) at least **** of monthly orders within one
month (or within two months for any shipment Giant elects to ship via air)of originally
confirmed delivery date This provision shall not apply, however, if

	 	a.	 	the delivery failure is the result of an industry wide
component shortage and Giant had adequately placed and managed purchase orders
for such components.
	 
	 	b.	 	the delivery failure is caused fully or partially by Shoretel.
	 
	 	c.	 	Shoretel is in default on payment of Product.
	 
	 	d.	 	The delivery failure is for the first production shipment of a
new product.

As clarification, the confirmed delivery date for an order relates to the
confirmation date on the initial placement of a ShoreTel order and not the
confirmation date for any pull-ins or other accelerated requests.

	 	2.	 	Failure to produce product consistent with the sample product approved by
ShoreTel and failure to meet initial product quality requirements of less than ****
non-functional units (dead on arrival) and less than **** units with a manufacturing
defect over any consecutive 3-month period without a mutually agreed upon corrective
action plan. This provision shall not apply, however, if

	 	a.	 	The defect is caused by an IC / CPU problem (e.g. Broadcom chip
set, flash memory etc.) that was not caused by assembly or was not detectable
when product was shipped.
	 
	 	b.	 	The defect is caused by changes to other ShoreTel’s products or
system software.
	 
	 	c.	 	If, for business reasons, Shoretel instructs Giant to ship
products with the known defect.

Escrow:

Giant agrees to place or allow Elite Communications to place IP (as already defined in the
agreement, but which shall not include manufacturing or test processes) in escrow. Giant and
ShoreTel shall enter into an Escrow Agreement with a mutually agreeable third party agent and

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.

 

 

Giant shall make deposits to escrow within 90 days of completion of any product development. Such
deposits shall include all design documentation, code (excluding IC software source code for which,
in the event of an escrow release condition Giant licenses ShoreTel the right to use such IC
software source code), drawings and other design materials. Giant agrees to update the escrow
deposit with any engineering changes. Upon the execution of this agreement, all current products
that have been designed by Giant shall be deposited into escrow. The parties agree that the
escrowed materials shall be released to ShoreTel if ShoreTel terminates the ODM for cause as set
forth in section 7. The parties also agree that upon termination any ShoreTel owned test equipment
and manufacturing tools at Giant will be promptly returned to ShoreTel.

Add:

ShoreTel agrees to pay Giant a royalty of ****of the then current price for each phone manufactured
by another manufacturer if ShoreTel receives IP from escrow as a result of termination for cause.

	 	 	 	 	 	 	 
	/s/ Max Loong
 

	 	 	 	/s/ John Finegan
 

	 	 
	 
	 	 	 	 	 	 
	Max Loong
 

	 	 	 	John Finegan, CFO
 

	 	 

 

			
	*****	 	Certain portions of this exhibit have been omitted and confidential treatment has been
requested for these omitted portions pursuant to an application for confidential treatment sent to
the Securities and Exchange Commission.exv10w1

 

Exhibit 10.1

TRANSITION CONSULTING SERVICES AGREEMENT

This Transition Consulting Services Agreement (the “Agreement”) is entered into by Noble
Corporation, a Cayman Islands exempted company limited by shares (the “Company”); and James
C. Day (the “Consultant”) as of April 26, 2007. The Consultant and the Company are
referred to as the “Parties”.

R E C I T A L S:

	A.	 	The Consultant served as Chief Executive Officer of the Company and its predecessor
from 1984 to October 30, 2006;
	 
	B.	 	The Consultant will retire from the Company and resign as a Director of the Company,
effective April 30, 2007;
	 
	C.	 	The Consultant has knowledge and expertise that are valuable to the Company;
	 
	D.	 	The Parties desire to provide for the Consultant to be available to assist the
Company and all of its subsidiaries, affiliates and related entities (the Company and
all such subsidiaries, affiliates and related entities being referred to in this
Agreement as the “Company Group”) after April 30, 2007; and
	 
	E.	 	The Parties agree that the average level of bona fide services to be provided by the
Consultant during the term of this Agreement shall be equal to 20% or less of the
average of the bona fide services performed by the Consultant as an employee of the
Company during the immediately preceding 36-month period.

A G R E E M E N T:

     NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements set forth
in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Parties hereto agree as follows:

     1. Consulting Arrangements.

     (a) Term and Consulting Commitment. From May 1, 2007, through April 30, 2009,
(the “Completion Date”), the Consultant shall provide consulting services
commensurate with his status and experience with respect to Company Group matters as shall
be mutually agreed from time to time between the Consultant and the Company (through its
Chief Executive Officer, Chairman of the Board or Lead Independent Director), including
without limitation matters related to:

     (i) transition of the Consultant’s prior duties and responsibilities as the
Company’s prior Chief Executive Officer to his successor;

     (ii) strategic acquisitions, dispositions, capital raising activities and
major financings;

 

 

     (iii) compensation matters;

     (iv) business strategy planning; and

     (v) other current and prospective business activities and operations of the
Company Group.

The Consultant shall honor any such request unless he has a conflicting commitment that
would preclude him from performing such services at the time and/or place requested by the
Company, and in such circumstances shall make reasonable efforts to arrange a mutually
satisfactory alternative. The Company will use reasonable efforts not to require the
performance of consulting services in any manner that unreasonably interferes with the
activities of the Consultant. The Consultant shall be reasonably available to the Company
Group or its Consultant shall be reasonably available to the Company Group or its
representatives to provide general advice or assistance as requested by the Company,
including without limitation by testifying (and preparing to testify) as a witness in any
proceeding or otherwise providing information or reasonable assistance to the Company Group
in connection with any investigation, claim or suit, and cooperating with the Company Group
regarding any litigation, claims or other disputed items involving the Company Group that
relate to matters within the knowledge or responsibility of the Consultant during his prior
employment with the Company. Without limiting the foregoing, the Consultant shall (i) meet
with the Company Group’s representatives, counsel or other designees at reasonable times and
places with respect to any items within the scope of this provision; (ii) provide truthful
testimony regarding these matters to any court, agency or other adjudicatory body; (iii)
provide the General Counsel of the Company with prompt written notice of contact or subpoena
by any non-governmental person or entity the interests of whom or which are reasonably
likely to be adverse to the Company Group or its interests, and (iv) not voluntarily assist
any such non-governmental adverse party or such non-governmental adverse party’s
representatives.

     (b) Commitment. The Consultant shall perform his duties in a diligent,
trustworthy, and businesslike manner, with the purpose of advancing the business of the
Company Group. Notwithstanding anything to the contrary herein, the Parties agree that (1)
the Company shall use its reasonable efforts to require that the average level of bona fide
services to be provided by the Consultant during the term of this Agreement shall be equal
to 20% or less of the average of the bona fide services performed by the Consultant as an
employee of the Company during the immediately preceding 36-month period (the “Employee
Service Level”), and (2) the Company shall under no circumstances require that the
Consultant provide services under this Agreement or otherwise that exceed 50% of the
Employee Service Level.

     (c) Other Activities. Except as set forth in Section 7, this Agreement shall
not limit or restrict the Consultant’s ability to serve on corporate, civic, or charitable
boards or committees and manage his personal investments and affairs, provided that such
activities do not unreasonably interfere with the performance of the Consultant’s duties
under this Agreement.

2

 

     (d) Nature of Relationship Between Parties. The Consultant shall render the
consulting services in this Agreement as an independent contractor. Except as otherwise
specifically authorized in writing by the Company, the Consultant shall have no authority or
power to bind the Company (or any other member of the Company Group) with respect to third
parties and the Consultant shall not represent to third parties that the Consultant has
authority or power to bind the Company (or any other member of the Company Group). It is
not the intention of the parties to this Agreement to create, by virtue of this Agreement,
any employment relationship, trust, partnership or joint venture between the Consultant and
the Company (or any other member of the Company Group), except as specifically provided in
this Agreement, to make them legal representatives or agents of each other or to create any
fiduciary relationship or additional contractual relationship among them. As an independent
contractor, the Consultant is not eligible for any Company Group provided employee benefits.
Notwithstanding the foregoing, the Consultant is eligible for certain benefits by virtue of
his status as a retired executive of the Company and this Agreement does not terminate,
modify or supersede any benefit to which the Consultant, as a retired executive of the
Company, otherwise is entitled to receive, including (as applicable and without limitation)
retirement plans (whether qualified or nonqualified), health and welfare plans, bonus plans
or agreements, equity compensation plans, awards or agreements, and performance awards, in
which the Consultant participated or which the Consultant was awarded or made a party to in
connection with his employment by the Company including without limitation those set forth
on Schedule A hereto.

     2. Relinquishment of Amended and Restated Employment Agreement. In consideration of
the benefits provided under this Agreement, the Consultant hereby relinquishes and waives any and
all amounts, benefits or other rights to which he may have been entitled under the Amended and
Restated Employment Agreement between the Consultant and Noble Drilling Corporation dated as of
April 30, 2002 (the “Employment Agreement”). This relinquishment and waiver of the
Employment Agreement shall be effective as of the date of this Agreement. The Parties acknowledge
that Consultant’s retirement and termination of employment with the Company (and any other members
of the Company Group, as applicable) is not in connection with or in anticipation of a “Change of
Control” (as such term is defined in the Employment Agreement).

     3. Consulting Fee, Benefits and Reimbursement.

     (a) Consulting Fee. During the Consultant’s service to the Company Group
pursuant to this Agreement, the Company shall pay the Consultant the following fees: (i) a
consulting fee of $20,834.00 per month, payable on the first business day of each month
commencing on May 1, 2007, and ending with the payment made on the first business day after
March 1, 2008, and (ii) a consulting fee of $20,834.00 per month, payable on the first
business day of each month commencing on April 1, 2008, and ending with the payment made on
April 1, 2009.

     (b) Reimbursement of Expenses. The Company shall reimburse the Consultant for
all reasonable out-of-pocket expenses incurred by the Consultant in the course of his duties
during the term of this Agreement, upon presentation of appropriate

3

 

documentation of such costs as and when required by and to the satisfaction of the
Company, on a basis that is consistent with the Company’s policies and practices as in
effect from time to time. Notwithstanding anything to the contrary herein, the amount of
expenses eligible for reimbursement under this provision or office and secretarial
assistance to be provided pursuant to Section 3(c) below in any taxable year of the
Consultant shall not affect the expenses eligible for reimbursement under this paragraph or
the office and secretarial assistance to be provided under Section 3(c) in any other taxable
year.

     (c) Office and Secretarial Assistance. From May 1, 2007, through the
Completion Date, the Company shall provide to the Consultant a furnished office of at least
1,200 square feet, in a Class A building in Sugar Land, Texas substantially similar to
property such as is included in Sugar Land Town Square, and shall provide the Consultant
with up to 30 hours per week of secretarial assistance by Regina Allen, who shall continue
to be an employee of the Company or its affiliate Noble Drilling Services Inc., with such
secretary’s compensation and benefits commensurate with her compensation and benefits as of
the date of this Agreement (or, in the event that Ms. Allen’s employment with the Company
terminates for any reason, a replacement secretary reasonably acceptable to the Consultant).

     (d) Country Club Membership. As soon as practicable following the execution of
this Agreement by the Consultant, the Company shall transfer ownership of the membership in
Sweetwater Country Club, 4400 Palm Royale Boulevard, Sugar Land, Texas 77479, Membership No.
3136, to the Consultant. The Company shall bear any expenses associated with such transfer
except any tax obligations of the Consultant relating to such transfer. All costs of
membership arising after April 30, 2007 shall be borne solely by the Consultant.

     4. Termination of Agreement.

     (a) By the Company for Cause. In the event the Consultant willfully fails to
substantially fulfill any of his obligations in this Agreement prior to the Completion Date
then after written notice of such failure and if such failure is not cured, if curable,
within 15 business days after such notice, the Company may, in its sole discretion, (a)
terminate this Agreement by providing written notice of such termination and the effective
date thereof to the Consultant, (b) terminate all remaining consulting fee payment
obligations of the Company set forth in Section 3(a) of this Agreement (and the Consultant
will not be entitled to receive such payments after the effective date of such termination),
other than amounts that accrued prior to the effective date of such termination, and (c)
recover any and all damages to which the Company may be entitled. Notwithstanding any such
termination, the Consultant’s obligations under Section 5 through 21 of this Agreement shall
continue in full force and effect provided that the Company has paid in the aggregate under
this Agreement at the time of such termination (or concurrently with such termination makes
additional payments such that in the aggregate it has paid) at least $125,000 .

4

 

     (b) By the Consultant For Good Reason. In the event the Company willfully
fails to substantially fulfill any of its obligations in this Agreement then after written
notice of such failure (which must be given within 90 calendar days following the date such
failure first occurred) and if such failure is not cured, if curable, within 30 calendar
days after such notice, the Consultant may terminate this Agreement by providing notice of
such termination and the effective date thereof to the Company and the Company shall be
obligated to fulfill all remaining obligations set forth in Section 3 of this Agreement
through the Completion Date and, with respect to the consulting fee payable pursuant to
Section 3(a), all remaining monthly payments through the Completion Date shall be paid to
the Consultant, as a single lump sum, on the tenth business day following the Consultant’s
termination of this Agreement; provided, however, that if the Consultant terminates this
Agreement pursuant to this paragraph and the effective date of such termination (the
“Termination Effective Date”) occurs before April 1, 2008 and at a time when any
stock of the Company (or any entity that is considered a single service recipient along with
the Company within the meaning of Section 409A of the Code and the regulations promulgated
thereunder) is publicly traded on an established securities market or otherwise, then any
amounts to be paid to Consultant pursuant to clause (i) of Section 3(a) shall be paid on the
tenth business day following the Termination Effective Date and the payment of any amounts
to be paid pursuant to clause (ii) of Section 3(a) shall be delayed for six months following
the Termination Effective Date and shall be paid to Consultant upon the first day following
the date that such six month period expires, along with interest on the delayed amount
through the date of payment at the prime interest rate reported in the Wall Street Journal
on the Termination Effective Date. In order to be eligible for benefits pursuant to this
Section 4(b), the effective date of the Consultant’s termination of this Agreement must be
no later than two years following the initial existence of the failure giving rise to the
Consultant’s right to terminate this Agreement pursuant to this Section 4(b).

     (c) Consultant’s Death Prior to the Completion Date. In the event that the
Consultant dies prior to the Completion Date, the Company shall pay the Consultant’s estate
any unpaid fees under Section 3(a) through the date of death on the dates such fees would
otherwise be due and have no further obligations under this Agreement.

     (d) Change of Control. In the event of a Change of Control, all amounts
payable and benefits to be provided under this Agreement, to the extent not previously paid
or provided to the Consultant, shall become immediately due and payable and the Company or
its successor shall pay, in a single lump sum payment on the tenth business day following
the date upon which such Change in Control shall have occurred, an amount equal to the sum
of all remaining unpaid consulting fees under this Agreement to the Consultant, plus an
amount equal to the fair market value of the secretarial and office space benefits to be
provided to the Consultant pursuant to Section 3(c) through the Completion Date. 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
Securities Exchange Act of 1934) (a “Person”) of beneficial ownership (within the
meaning of Rule 13d-3 promulgated under the Exchange Act) of either (A) more than 50% of
the then outstanding Ordinary Shares of the Company (the “Outstanding Shares”) or
(B) 30% or more of the combined voting power of the then

5

 

outstanding voting securities of the Company entitled to vote generally in the election
of directors (the “Outstanding Voting Securities”); provided, however, that the
following acquisitions shall not constitute a Change of Control: (w) any acquisition
directly from the Company (excluding an acquisition by virtue of the exercise of a
conversion privilege), (x) any acquisition by the Company, (y) any acquisition by any
employee benefit plan (or related trust) sponsored or maintained by the Company or any
company controlled by the Company, 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 clause (iii) below are satisfied; or (ii) individuals who, as of the date of this
Agreement, constitute the Company Board of Directors (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 the Company subsequent to the date hereof whose
election, or nomination for election by the Company’s shareholders (hereinafter,
“Members”), was approved by a vote of a majority of the directors of the Company
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 Company Board; or (iii) consummation of a reorganization, merger,
amalgamation or consolidation of the Company, with or without approval by the Members of the
Company, 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 Shares and
Outstanding 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 Shares and
Outstanding Voting Securities, as the case may be, (B) no Person (excluding the Company, any
employee benefit plan (or related trust) of the Company 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 Shares or Outstanding 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 (iv)
consummation of a sale or

6

 

other disposition of all or substantially all the assets of the Company, with or
without approval by the Members of the Company, 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 Shares and Outstanding 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
Shares and Outstanding Voting Securities, as the case may be, (B) no Person (excluding the
Company, any employee benefit plan (or related trust) of the Company 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 Shares or Outstanding 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 Company Board
providing for such sale or other disposition of assets of the Company.

     5. Return of Company Property. Not later than the seventh (7th) day after the
Completion Date, or earlier upon termination of this Agreement for any reason, the Consultant
shall, to the extent not previously returned or delivered: (a) return all equipment, records,
files, programs or other materials and property in his possession that belong to the Company or any
other member of the Company Group, including, without limitation, all computer software, computer
access codes, laptops, cell phone, Blackberries, keys and access cards; and (b) deliver all
original and copies of materials, records, plans, technical data or other documents, files or
programs (whether stored in paper form, computer form, digital form, electronically or otherwise)
that relate or refer to the Company or any other member of the Company Group, including without
limitation any such entity’s financial statements, business contacts and sales lists, but
excluding any notes taken by the Consultant and provided that the Consultant shall be entitled to
retain copies (electronic or otherwise) of any of the items set forth in subsection (b) which
copies shall remain subject to the provisions of Section 7 hereof. By signing this Agreement, the
Consultant represents and warrants that he will timely return and deliver all the items described
or referenced in subsections (a) or (b) above; and, that should he later discover additional items
described or referenced in subsections (a) or (b) above, he will promptly notify the Company’s
General Counsel and return/deliver such items to the Company.

     6. Release. As a material inducement to the Company to enter into this Agreement and
in consideration of the promises, covenants and other valuable consideration provide and to be
provided by the Company in this Agreement, and without limiting the relinquishment of the
Employment Agreement described above, the Consultant hereby releases, acquits and forever
discharges each entity in the Company Group and their respective parents, predecessors, successors,
subsidiaries, affiliates, related companies, organizations, officers, directors,

7

 

shareholders, attorneys and agents from any and all charges, complaints, claims, causes of
action, losses, obligations, liabilities, damages, judgments, costs, expenses (including attorneys’
fees) of any kind whatsoever, known or unknown, asserted or unasserted, accrued or unaccrued,
relating to his employment with the Company or the termination of such employment, including, but
not limited to, disputes or claims arising out of the Consultant’s hiring, employment or
termination of such employment with the Company (and any other entity in the Company Group), or
arising out of any act committed or omitted during or after the existence of such employment
relationship, including any disputes regarding compensation. This Release includes, but is not
limited to, all claims, whether arising in contract or allegations of tort, common law or assertion
of federal or state statutory rights, including, but not limited to, Title VII of the Civil Rights
Act of 1964, as amended, the Age Discrimination in Employment Act, the Family and Medical Leave
Act, the Americans with Disabilities Act, the Employee Retirement Income Security Act, the Texas
Commission on Human Rights Act, the Texas Payday Law, the Sarbanes-Oxley Act, the employment laws
of any state or municipality; claims for wrongful discharge, breach of express or implied contract
or implied covenant of good faith and fair dealing, as well as any expenses, costs or attorneys’
fees. Notwithstanding anything in this Section 6 to the contrary, the Consultant does not release
his right to enforce the terms of this Agreement, any written agreement contemporaneously or
hereafter executed by the Company or any of the written benefit plans, programs or agreements
referenced in Section 1(d). The parties acknowledge that $125,000.00 of the consulting fees to be
paid hereunder shall be deemed separate consideration for the release contained in this Section 6.

     7. Confidentiality, Non-Competition and Non-Solicitation. From time to time during
the term of this Agreement, the Company will provide the Consultant with access to confidential and
proprietary information that he has not previously received, to the extent needed by the Consultant
in order to perform his consulting services under this Agreement. In consideration of the
Company’s promise to provide him confidential and proprietary information, and the other promises
in this Agreement, the Consultant shall not, without the prior written permission of the Company,
directly or indirectly:

     (a) From May 1, 2007, through the one-year anniversary of the Completion Date, be
employed by any person or entity in, or otherwise act or provide services as an executive,
consultant, owner, shareholder, director, partner, agent, independent contractor, trustee,
beneficiary, advisor, volunteer or in any other capacity engage in, or propose to engage in,
the business of providing services in the offshore oil and gas drilling industry in any
country (or its territorial waters) in which the Company currently provides offshore oil and
gas drilling services, in which the Company provided such services during the five-year
period ended April 30, 2007, or in which the Company provides such services prior to the
Completion Date. Notwithstanding the foregoing, during the period during which the
Consultant’s obligations pursuant to this paragraph are in effect, nothing herein shall
prohibit Consultant from acquiring or holding, solely as a passive investment, not more than
five percent (5%) of the outstanding shares of, or other interests in, any entity that is
subject to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934,
or traded on a recognized exchange.

     (b) From May 1, 2007, through the one-year anniversary of the Completion Date, solicit,
for purposes of providing services or products in the offshore oil and gas

8

 

drilling and services business, any persons or companies who were customers of the
Company Group or known to the Consultant as a result of his employment with the Company.
For purposes of this Agreement, “Customer” means any person, entity or groups of persons or
entities that in any way broker, purchase or consume any service or product of the Company
Group during the period from May 1, 2007 through the Completion Date.

     (c) From May 1, 2007, through the one-year anniversary of the Completion Date, either
on behalf of himself, or as an executive, employer, consultant or agent for any person or
entity, solicit, hire, induce or recruit any employee of the Company Group for employment,
or to encourage or suggest to any employee of the Company Group that such employee should
terminate employment with the Company Group; provided, however, that nothing in this
paragraph (c) shall prohibit the Consultant from soliciting, hiring, inducing or recruiting
any former employee of the Company or any of its subsidiaries or affiliates whose employment
with such entities was terminated at least six (6) months prior to such solicitation,
hiring, inducement or recruiting. Without limiting the foregoing, the Consultant shall not
furnish or otherwise make available to any person for the purpose of solicitation, the
names, phone numbers or backgrounds of persons employed by the Company Group at any time
during the period from May 1, 2007 through the Completion Date.

     (d) Disclose to anyone, including, without limitation, any person, firm, corporation,
or other entity, or publish, or use for any purpose, any Confidential Information (defined
below), except as the Company directs and authorizes. The Consultant shall take all
reasonable measures to protect the secrecy of and avoid disclosure and unauthorized use of,
the Confidential Information and shall immediately notify the Company’s General Counsel in
the event of any unauthorized use or disclosure of the Confidential Information by the
Consultant or uses or disclosures of Confidential Information by third parties to the extent
attributable to a use or disclosure by the Consultant. For purposes of this Agreement,
“Confidential Information” includes, without limitation, all of the Company Group’s
technical and business information that is of a confidential, trade secret or proprietary
character; information services system products; product, product plans and internal and
external customer project information; current, past and prospective customer and account
lists; customer information; operation and cost data; agents lists and agreements; vendor
and provider lists or agreements; business, financial and marketing plans, budgets or
reports; contract terms; bidding information and strategies; pricing methods or information;
photographs; internal communications and reports; computer software; computer software
methods and documentation; graphic designs; hardware; the Company Group’s methods of
operation; the procedures, forms and techniques used in servicing accounts; and other
information or documents that the Company Group requires to be maintained in confidence;
provided, however, that Confidential information shall not include any information that
becomes generally known other than through unauthorized use or disclosure by the Consultant
or that becomes known to the Consultant from sources other than the Company or its
subsidiaries or affiliates who the Consultant does not know to be bound by a duty of
confidentiality to the Company or its subsidiaries or affiliates. The Parties covenant and
acknowledge that this confidentiality agreement is contractual and its terms are material

9

 

to this Agreement. Nothing in this paragraph shall prohibit the Consultant from
disclosing any information required to be disclosed by law, rule or regulation or in any
official proceeding or by any order issued by a court or governmental agency nor shall it
restrict the Consultant in his use of Confidential Information in connection with his
provision of consulting services pursuant to this Agreement.

     (e) If the Consultant is required by law or otherwise to reveal any confidential or
proprietary information of the Company Group, to the extent reasonably possible, he
or his attorney shall promptly contact the Company’s General Counsel prior to disclosing
such information in order that the Company can take appropriate steps to safeguard the
disclosure of such confidential and proprietary information.

     (f) Notwithstanding anything herein to the contrary, each party to this Agreement may
disclose information regarding the tax treatment and tax structure of the transaction
covered by this Agreement and all materials of any kind that are provided to the party
relating to such tax treatment and tax structure to the parties’ tax consultants and
advisors and, to the extent required by law, government agencies.

     (g) The Parties acknowledge that the limitations as to time, geographical area and
scope of activity to be restrained do not impose a greater restraint upon the Consultant
than is necessary to protect the goodwill or other business interest of the Company Group.

     (h) The Parties acknowledge that the Company Group has a legitimate interest in
protecting (a) the Company Group’s trade secrets and confidential and proprietary
information, and (b) the business and goodwill that the Company Group has developed, and
that the Company Group is entitled to protection of its interests in these areas. In the
event the Consultant violates any of the provisions in this Section 7 of this Agreement, the
Company shall be entitled to (i) recover damages and all consideration provided to the
Consultant pursuant to this Agreement, except the amount of $125,000.00, and (ii) seek a
temporary restraining order and/or an injunction against the Consultant for the breach or
violation or continued breach or violation of this covenant, in addition to all other
damages and rights the Company may have at law. Such remedies shall not be deemed the
exclusive remedies for a breach of this Agreement, but shall be in addition to all remedies
for a breach of this Agreement available at law or in equity to the Company. If a court of
competent jurisdiction determines that the length of time or any other restriction or
portion thereof set forth in this Agreement is overly restrictive and unenforceable, the
court may reduce or so modify such restriction to those which it deems reasonable,
appropriate and enforceable under the circumstances. Additionally, any periods of breach of
this Section 7 of this Agreement shall not count toward the restricted period ending on the
second anniversary of the Completion Date, but shall instead be added to such restricted
period.

10

 

     8. Consultant’s Legal Expenses; Challenges to this Agreement.

     (a) The Company shall reimburse the Consultant his out of pocket expenses (including
but not limited to reasonable attorneys’ fees) incurred in connection with the negotiation
of and entry into this Agreement.

     (b) If the Consultant or anyone acting on his behalf brings suit against the Company
seeking to declare any terms of this Agreement void or unenforceable, including Sections 2,
6, 7, 8 or 9, and if one or more material terms of this Agreement are ruled by a court or
arbitrator to be void or unenforceable or subject to reduction or modification, then the
Company shall be entitled to (i) refuse to make any payments, or any additional payments,
described in this Agreement, except for the sum of $125,000.00; (ii) recover from the
Consultant all payments already paid to the Consultant pursuant to this Agreement, except
for the sum of $125,000.00; and (iii) to the extent ordered by a court of competent
jurisdiction, recover its attorneys’ fees incurred in defending such action and seeking
recovery of such amounts. Notwithstanding the foregoing provisions of this paragraph, the
Consultant shall not be prohibited from filing or participating in any charges of employment
discrimination before the Equal Employment Opportunity Commission or the Texas Commission on
Human Rights.

     (c) The Company agrees to pay as incurred, to the full extent permitted by law, all
legal fees and expenses which the Consultant reasonably incurs as a result of any contest by
any person or entity (other than the Consultant or his heirs or successors or the Company or
its successors) of the validity or enforceability of any provision of this Agreement,
provided such fees and expenses arise from bona fide claims within the meaning of Section
409A of the U.S. Internal Revenue Code of 1986, as amended (the “Code”) and the
regulations promulgated thereunder. The Company’s obligations under this paragraph shall
apply without regard to the outcome of any such contest.

     9. Non-Disparagement. The Consultant shall not, directly or indirectly, disclose,
communicate or publish any disparaging information concerning any entity in the Company Group,
their respective parents, predecessors, successors, subsidiaries, affiliates, or related companies,
organizations, officer, directors, shareholders, attorneys and agents, or any Company Group
operations, technology, proprietary or technical information or software, or cause others to
disclose, communicate, or publish any disparaging information concerning the same. The Consultant
shall not disclose, directly or indirectly, communicate, or publish any disparaging information
concerning the terms of his prior employment with the Company, and other circumstances that arose
from his prior employment with the Company, or any action or event that occurred during his prior
employment with the Company, or cause others to disclose, communicate, or publish any disparaging
information concerning the same. Nothing in this paragraph shall prohibit the Consultant from
disclosing any information required to be disclosed by law, rule or regulation or in any official
proceeding or by any order issued by a court or governmental agency. Further, nothing in this
paragraph shall prohibit the Consultant from providing truthful information in response to
investigations by the Company’s Board of Directors or any committees thereof or the Company’s
internal or external auditors, or pursuant to a subpoena or administrative process in response to
governmental agencies or as otherwise required by law, court order or administrative proceeding.

11

 

     10. Voluntary Execution of the Agreement. The Consultant and the Company represent
and acknowledge that they have had an opportunity to review all aspects of this Agreement, and that
they fully understand all the provisions of the Agreement and are voluntarily entering into this
Agreement.

     11. Binding Effect. This Agreement shall be binding upon the Company and upon the
Consultant and his heirs, administrators, representatives, executors, successors and assigns. In
the event of the Consultant’s death, this Agreement shall operate in favor of his estate and all
payments, obligations and consideration will continue to be performed in favor of his estate.

     12. Severability. Should any provision of this Agreement be declared or determined to
be illegal or invalid by any government agency or court of competent jurisdiction, the validity of
the remaining parts, terms or provisions of this Agreement shall not be affected and such
provisions shall remain in full force and effect, subject to Section 8.

     13. Entire Agreement. Except as provided in the written benefit plans, programs and
agreements referenced in Section 1(d), or any written agreement contemporaneously or hereafter
executed by the Company and the Consultant, this Agreement sets forth the entire agreement between
the parties, and fully cancels and supersedes any and all prior agreements, understandings, or
representations between the parties pertaining to the Consultant’s post-employment consulting for
the Company and the other subject matter of this Agreement or any other term or condition of the
relationship between the Company Group and the Consultant addressed herein. The Consultant
represents and acknowledges that in executing this Agreement, he does not rely, and has not relied,
upon any representation(s) by the Company or its agents except as expressly contained in this
Agreement.

     14. Review. The Consultant acknowledges that he has been given a sufficient period of
time to review and consider this Agreement before signing it and has consulted with an attorney of
his choosing regarding the terms and provisions of this Agreement.

     15. Notices. All notices and other communications hereunder will be in writing. Any
notice or other communication hereunder shall be deemed duly given if it is sent by registered or
certified mail, return receipt requested, postage prepaid, and addressed to the intended recipient
as set forth:

     If to the Consultant:

James C. Day

26 Linney Boulevard

Sugar Land, Texas 77479

     If to the Company

Noble Corporation

13135 South Dairy Ashford, Suite 800

Sugar Land, Texas 77478

Attention: Executive Vice President and Corporate Secretary

Any party may send any notice or other communication hereunder to the intended recipient at the
address set forth using other means (including personal delivery, expedited courier, messenger

12

 

services, fax, or ordinary mail), but no such notice or other communication shall be deemed to have
been duly given unless and until it is actually received by the intended recipient. Any party may
change the address to which notices and other communications are to be delivered by giving the
other party notice.

     16. Governing Law; Jurisdiction; Venue. This Agreement shall in all respects be
interpreted, enforced, and governed under the laws of the State of Texas without giving effect to
any rules governing conflict of laws. The language in this Agreement shall, in all cases, be
construed as a whole, according to its fair meaning, and not strictly for, or against, any of the
parties. THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF
TEXAS AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA IN EACH CASE LOCATED IN HARRIS COUNTY,
THE STATE OF TEXAS IN CONNECTION WITH ANY DISPUTE THAT ARISES IN RESPECT OF THE INTERPRETATION AND
ENFORCEMENT OF THE PROVISIONS OF THIS AGREEMENT, AND HEREBY WAIVE, AND AGREE NOT TO ASSERT, AS A
DEFENSE IN ANY ACTION, SUIT OR PROCEEDING FOR INTERPRETATION OR ENFORCEMENT HEREOF THAT IT IS NOT
SUBJECT THERETO OR THAT SUCH ACTION, SUIT OR PROCEEDING MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE
IN SAID COURTS OR THAT VENUE THEREOF MAY NOT BE APPROPRIATE OR THAT THIS AGREEMENT OR ANY SUCH
DOCUMENT MAY NOT BE ENFORCED IN OR BY SUCH COURTS. THE PARTIES HEREBY CONSENT TO AND GRANT ANY
SUCH COURT JURISDICTION OVER THE PERSON OF SUCH PARTIES AND OVER THE SUBJECT MATTER OF SUCH DISPUTE
AND AGREE THAT MAILING OF PROCESS OR OTHER PAPERS IN CONNECTION WITH SUCH ACTION, SUIT OR
PROCEEDING IN THE MANNER PROVIDED IN SECTION 15 OR IN SUCH OTHER MANNER AS MAY BE PERMITTED BY LAW
SHALL BE VALID AND SUFFICIENT SERVICE THEREOF.

     17. Counterparts. This Agreement may be executed in counterparts, each of which when
executed and delivered (which deliveries may be by facsimile) shall be deemed an original and all
of which together shall constitute one and the same instrument.

     18. No Assignment of Claims. The Consultant represents that he has not transferred or
assigned, to any person or entity, any claim involving the Company Group, or any portion thereof or
interest therein.

     19. No Waiver. This Agreement may not be waived, modified, amended, supplemented,
canceled or discharged, except by written agreement of the Parties. Failure to exercise and/or
delay in exercising any right, power or privilege in this Agreement shall not operate as a waiver.
No waiver of any breach of any provision shall be deemed to be a waiver of any preceding or
succeeding breach of the same or any other provision, nor shall any waiver be implied from any
course of dealing between or among the Parties.

     20. Knowing and Voluntary Waiver. The Consultant, by his free and voluntary act of
signing below, (i) acknowledges that he has been given a period of twenty-one (21) days to consider
whether to agree to the terms contained herein, (ii) acknowledges that he has been advised to
consult with an attorney prior to executing this Agreement, (iii) acknowledges that he understands
that this Agreement specifically releases and waives all rights and claims he may

13

 

have under the Age Discrimination in Employment Act, as amended (the “ADEA”) prior to
the date on which he signs this Agreement, and (iv) agrees to all of the terms of this Agreement
and intends to be legally bound thereby. Furthermore, the Consultant acknowledges that the
payments and benefits provided for in Section 3 of this Agreement will be delayed until this
Agreement becomes effective, enforceable and irrevocable. This Agreement will become effective,
enforceable and irrevocable on the eighth day after the date on which it is executed by the
Consultant (the “Effective Date”). During the seven-day period prior to the Effective
Date, the Consultant may revoke his agreement to accept the terms hereof by indicating in writing
to the Company his intention to revoke. If the Consultant exercises his right to revoke hereunder,
he shall forfeit his right to receive any of the payments or benefits provided for herein, and to
the extent such payments or benefits have already been made, the Consultant shall immediately
reimburse the Company for the amounts of such payments and benefits.

     21. Payment of Taxes. The Consultant shall be solely responsible for withholding
taxes or necessary payments to any taxing authority based on the Company’s payments to the
Consultant under this Agreement. These withholdings include, without limitation, Federal income
tax, FICA, and Medicare. The Consultant understands and acknowledges that the Company will not
withhold any sums on the Consultant’s behalf for income tax, unemployment insurance, social
security or any other withholding requirements. The Consultant shall indemnify and hold the
Company Group harmless from any and all loss or liability arising from its failure to make such
payments or withholdings, if any.

     22. Indemnification. During the term of this Agreement, and thereafter without
limitation of time, the Company shall indemnify and advance expenses to Consultant for matters in
which Consultant is named or threatened to be named a party, to the extent arising out of
Consultant’s services under this Agreement, or his status as a consultant to the Company, in each
case with such indemnity and advancement being on the same terms, and subject to the same
conditions and requirements, as then apply to indemnification and advancement of expenses to the
Company’s directors; provided such fees and expenses arise from bona fide claims within the meaning
of Section 409A of the Code and the regulations promulgated thereunder; and provided further,
however, that in no event shall Consultant be entitled to indemnification or advancement of
expenses under this Section 22 with respect to any proceeding or matter brought or made by
Consultant against the Company other than one initiated by Consultant solely to enforce
Consultant’s rights under this Section 22. The rights of indemnification and to receive
advancement of expenses as provided in this Section 22 shall not be deemed exclusive of any other
rights to which Consultant may at any time be entitled under applicable law, the Articles of
Association of the Company, any agreement (including that certain Indemnity Agreement dated April
30, 2002), a vote of shareholders or members, a resolution of the Company’s Board of Directors, or
otherwise. The provisions of this Section 22 shall continue in effect notwithstanding termination
of Consultant’s services hereunder for any reason.

[Remainder of Page Intentionally Blank]

14

 

I ACKNOWLEDGE THAT I HAVE CAREFULLY READ THE FOREGOING agreement, THAT I UNDERSTAND ALL OF ITS
TERMS AND THAT I AM RELEASING CLAIMS AND THAT I AM ENTERING INTO IT VOLUNTARILY.

AGREED TO BY:

/s/ James C. Day

	 	 	 	 	 
	James C. Day

	 	Date:
	 	April 26, 2007

STATE OF TEXAS

COUNTY OF FORT BEND

Before me, a Notary Public, on this day personally appeared James C. Day, known to me to be the
person whose name is subscribed to the foregoing instrument, and acknowledges to me that he has
executed this Agreement on behalf of himself and his heirs, for the purposes and consideration
therein expressed.

Given under my hand and seal of office this 26th day of April, 2007.

	 	 	 
	 

	 	/s/ Linda L. Macias
	 

	 	 
	 

	 	Notary Public in and for the State of Texas

(PERSONALIZED SEAL)

Signature Page to Transition Consulting Services Agreement

 

 

NOBLE CORPORATION

AGREED TO BY:

	 	 	 	 	 
	By:

	 	/s/ Mark A. Jackson	 	 
	 

	 	 
	 	 
	Name:

	 	Mark A. Jackson
	 	Date: April 26, 2007
	Title:

	 	President and CEO	 	 

STATE OF TEXAS

COUNTY OF FORT BEND

Before me, a Notary Public, on this day personally appeared Mark A. Jackson, known to me to be the
person whose name is subscribed to the foregoing instrument, and acknowledges to me that he has
executed this Agreement on behalf of the Company as its President and CEO, for the purposes and
consideration therein expressed.

Given under my hand and seal of office this 26th day of April, 2007.

	 	 	 
	 

	 	/s/ Linda L. Macias
	 

	 	 
	 

	 	Notary Public in and for the State of Texas

(PERSONALIZED SEAL)

Signature Page to Transition Consulting Services Agreement

 

 

SCHEDULE A

James C. Day

Transition Consulting Services Agreement

Noble Benefit Plan Participation

Noble Drilling Corporation Salaried Employees’ Retirement Plan

Noble Drilling Corporation Retirement Restoration Plan

Noble Drilling Corporation 401(k) Savings Plan

Noble Drilling Corporation 401(k) Savings Restoration Plan

Noble Corporation 1991 Stock Option and Restricted Stock Plan and all award agreements thereunder

Noble Drilling Corporation Employee Benefit Plan (medical and dental)

Noble Drilling Corporation Vision Plan

Noble Drilling Corporation Basic Life and Basic Accidental Death and Dismemberment Noble Drilling

Corporation Voluntary Accidental Death and Disability Plan

Noble Drilling Corporation Long Term Disability Plan

Noble Drilling Corporation Short Term Disability Plan

Schedule A

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}]]