Document:

Aker Pre-Acceptance Agreement

 Exhibit 10.1 
 To: 
 Transocean Services AS 
 PRE-ACCEPTANCE OF A VOLUNTARY PUBLIC OFFER FOR THE SHARES IN AKER DRILLING ASA 
  

	1.	Pre-Acceptance of offer 

  

	1.1	The undersigned, Aker Capital AS hereby confirms to own 122,833,600 shares (the “Shares”) in Aker Drilling ASA (the “Company”) as of
the date set forth on the signature page hereto. 

  

	1.2	The undersigned has been informed that Transocean Ltd. through its Norwegian subsidiary Transocean Services AS (the “Offeror”) undertakes to make a
voluntary public tender offer for all the issued and outstanding shares of the Company at cash consideration of NOK 26.50 per share (the “Offer”) in the Company, on the terms and conditions set forth herein, including those set
forth in Appendix 1 and 2 hereto, and which will be supplemented by required information in an offer document to be prepared (the “Offer Document”). The terms and conditions set forth in Appendix 1 and 2 hereto may not be amended
without Aker Capital AS’ prior written consent, except for any increase of the offer price. Any amendments made without such consent entitles Aker Capital AS to withdraw its acceptance. 

 

	1.3	The Offeror (or one of its affiliates) acquires from Aker Capital AS 14,959,742 of the Shares at NOK 26.50 per share. 

 

	1.4	The undersigned hereby irrevocably undertakes to accept the Offer for all of the undersigned’s Shares on a fully diluted basis (not sold under clause 1.3 above) as
well as for any shares in the Company acquired by the undersigned prior to completion of the Offer, on the terms that will apply to the Offer. The Shares will be transferred to Offeror free and clear from any encumbrances of any nature at the time
of settlement under the Offer. This irrevocable undertaking shall lapse if the Offeror has not announced the Offer by 15 August 2011 no later than at 08:45 CET. 

 

	1.5	The undersigned has been informed and recognizes that the Offer will only be subject to the conditions set forth in Appendix 1 hereto being fulfilled or
waived by Offeror in its sole discretion. 

  

	1.6	If the share price referred to in section 1.2 is increased in the Offer by Offeror, then such improved terms shall also apply to the Shares. 

 

	1.7	The undersigned acknowledges that this pre-acceptance, including its terms and conditions and the undersigned’s name may be made public in the Offer Document
and/or other documents, including any press release, prepared in connection with the Offer as well as any documents filed by Offeror in its publicly filed documents to the extent required by law. 

 

	1.8	The undersigned hereby agrees not to actively solicit or encourage any other person than Offeror to make an offer for any shares of the Company.

	2.	Confidentiality 

  

	2.1	The undersigned accepts and agrees that the existence of this pre-acceptance and the contemplated Offer is considered insider information under Norwegian Securities
Law, shall be treated as such in compliance with relevant laws and regulations (including the Norwegian Securities Trading Act) and shall be kept confidential until 15 August 2011 at 08:45 CET. The undersigned is aware of the restrictions and
legal sanctions under the Norwegian Securities Trade Act concerning insider information, including that violation may be a criminal offence. 

  

	3.	Completion 

  

	3.1	 This pre-acceptance shall be effective until the earlier of: (i) the date (if any) at which Offeror announces or informs the undersigned in
writing that the Offer will not be completed due to the failure of the condition contained herein not being satisfied or capable of being cured or (ii) October 15th, 2011 (the “Cut-Off Date). 

 

	3.2	The undersigned hereby irrevocably undertakes not to sell, transfer, pledge or otherwise dispose of any of the Shares other than a transfer of the Shares pursuant to
section 1.3 and 1.4 above. The undersigned hereby authorizes Fearnley Fonds to block the Shares in favour of Offeror until the earlier of (i) the completion of the Offer, (ii) the Cut-Off Date (as defined above) or (iii) the
termination of this pre-acceptance pursuant to section 3.1 above, however subject to clause 1.3 above. 

  

	3.3	The undersigned acknowledges that no offer document has been published in respect to the Offer as of the date hereof, and agrees to be bound by this pre-acceptance
until the Cut-Off Date, regardless of the subsequent publication of such document. The undersigned agrees to undertake any action and execute any documents and instruments as may reasonably be required to carry out and give effect to the provisions
of this pre-acceptance and of the Offer, however this pre-acceptance shall on the part of the undersigned be deemed a binding acceptance of the Offer as described in any subsequent document detailing the terms under the Offer.

  

	4.	Authority 

  

	4.1	The undersigned confirms that the undersigned signs this pre-acceptance as a shareholder according to any necessary authorization or power of attorney, and that the
undersigned’s signature is legally binding on the shareholder. 

  

	5.	No right to the Aker business name 

 The Offeror acknowledges that neither the Offeror, nor any affiliates or the Company and its subsidiaries will retain any right to the Aker business name after the Offer is completed. The Company and its
subsidiaries will therefore as soon as practicable after the completion of the Offer make the required changes of business names and in all other ways stop using the Aker name. 

  
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	6.	Governing law and dispute resolution 

  

	6.1	This pre-acceptance shall be governed by Norwegian law. Any dispute regarding this pre-acceptance shall be finally settled by arbitration in Oslo in accordance with the
Norwegian Arbitration Act. The proceedings and the arbitration award shall be kept confidential unless disclosure of such proceedings or award is required by relevant law or regulation. 

 

							
	Time/Place:	 	Oslo, 14 August 2011	  		  	
				
	Signature:	 	 /s/ Alexander Krane
	  	 /s/ Trond Brandsrud
	  	
				
	Signatory’s position:	 	 Board Member
	  	 Chairman
	  	
				
	Name of shareholder:	 	Aker Capital AS	  		  	

 Agreed and accepted: 
  

							
	Time/Place:	 	Oslo, 14 August 2011	  		  	
				
	Offeror:	 	Transocean Services AS	  		  	
				
	Signature:	 	 /s/ Aasmund Erlandsen
	  		  	
				
	Signatory’s position:	 	 Chairman of TSAS
	  		  	

  
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 Appendix 1 
 The completion of the Offer, if set forth, shall be conditioned upon: 
  

	 	1.	The number of Company shares which, together with the Company shares directly or indirectly held by Offeror, represents more than 2/3 of the total outstanding share
capital of the Company on a fully diluted basis, having been validly tendered at the end of the acceptance period as set forth in the Offer Document; and 

  

	 	2.	The board of directors of the Company does not withdraw or amend its recommendation of the Offer. 

Offeror reserves the right to waive, in whole or in part, one or more of the conditions above in accordance with applicable laws, rules and regulations,
including, with respect to condition (1) above, to complete the Offer at a lower level of acceptance. 
 Appendix 2 

 

			
	 Type of offer:
	  	Voluntary offer in accordance with section 6-19 of the Norwegian Securities Trading Act for all outstanding shares in Aker Drilling ASA
		
	 Offer price:
	  	NOK 26.50 per share
		
	 Acceptance period:
	  	20 U.S. business days
		
	 Settlement:
	  	Within 10 business days after the expiry of the acceptance period

 Transocean Services will file the draft offer document with Oslo Stock Exchange on 15 August 2011 and shall use all
reasonable efforts to obtain approval of the Offer and the Offer document as soon as possible thereafter. When such approval is obtained, Transocean Services shall launch the Offer as soon as possible with start of the acceptance period the same day
as the Offer is launched. 

  
 4/4Form of Pre-Acceptance Commitment Letter

 Exhibit 10.2 
 To: 
 Transocean Services AS 
 PRE-ACCEPTANCE OF A VOLUNTARY PUBLIC OFFER FOR THE SHARES IN AKER DRILLING ASA 
  

	1.	Pre-Acceptance of offer 

  

	1.1	The undersigned,
                                        hereby
confirms to own                      shares (the “Shares”) in Aker Drilling ASA (the “Company”) as of the date set
forth on the signature page hereto. 

  

	1.2	The undersigned has been informed that Transocean Ltd. through its Norwegian subsidiary Transocean Services AS (the “Offeror”) is considering making a
voluntary public tender offer for all the issued and outstanding shares of the Company at cash consideration of NOK 26.50 per share (the “Offer”) in the Company, on the terms and conditions set forth below and which will be
further set out in an offer document to be prepared (the “Offer Document”). 

  

	1.3	The undersigned has further been informed that an Offer will not be made by Offeror unless the following conditions have been fulfilled or waived prior to
15 August 2011 at 08:45 CET: 

  

	 	1.	The board of directors of the Company has recommended its shareholders to accept the Offer; and 

 

	 	2.	Final approval by Offeror of the Offer, as evidenced by Offeror’s public announcement of its intention to launch the Offer. 

 

	1.4	The undersigned hereby irrevocably undertakes to accept the Offer, if made, for all of the undersigned’s Shares on a fully diluted basis as well as for any shares
in the Company acquired by the undersigned prior to completion of the Offer, on the terms that will apply to the Offer. The Shares will be transferred to Offeror free and clear from any encumbrances of any nature at the time of settlement under the
Offer. This irrevocable undertaking shall lapse if the Offeror has not announced the Offer by 15 August 2011 no later than at 08:45 CET. 

  

	1.5	The undersigned has been informed and recognizes that the Offer will only be subject to the conditions set forth in Appendix 1 hereto being fulfilled or
waived by Offeror in its sole discretion. 

  

	1.6	If the share price referred to in section 1.2 is increased in the Offer by Offeror, then such improved terms shall also apply to the Shares. 

 

	1.7	The undersigned acknowledges that this pre-acceptance, including its terms and conditions and the undersigned’s name may be made public in the Offer Document
and/or other documents, including any press release, prepared in connection with the Offer as well as any documents filed by Offeror in its publicly filed documents to the extent required by law. 

	1.8	The undersigned hereby agrees not to actively solicit or encourage any other person than Offeror to make an offer for any shares of the Company.

  

	2.	Confidentiality 

  

	2.1	The undersigned accepts and agrees that the existence of this pre-acceptance and the contemplated Offer is considered insider information under Norwegian Securities
Law, shall be treated as such in compliance with relevant laws and regulations (including the Norwegian Securities Trading Act) and shall be kept confidential until the earlier of (a) the public announcement by Offeror, by means of a press
release, that it intends to launch the Offer, (b) the Offeror’s notification to the undersigned that the launch of the Offer will not occur and (c) 15 August 2011 at 08:45 CET. The undersigned is aware of the restrictions and
legal sanctions under the Norwegian Securities Trade Act concerning insider information, including that violation may be a criminal offence. Apart from the foregoing, the undersigned is not aware of any information which may be deemed to constitute
inside information relating to the Company in accordance with the Norwegian Securities Trading Act. 

  

	3.	Completion 

  

	3.1	This pre-acceptance shall be effective until the earlier of: (i) the date (if any) at which Offeror announces or informs the undersigned in writing that the Offer
will not be completed due to the failure of one or more conditions contained herein not being satisfied or capable of being cured and (ii) 31 October, 2011 (the “Cut-Off Date”). If completion of the Offer has not taken
place prior to the Cut-Off Date, then the Offer shall lapse. 

  

	3.2	The undersigned hereby irrevocably undertakes not to sell, transfer, pledge or otherwise dispose of any of the Shares other than a transfer of the Shares pursuant to
section 1.4 above. The undersigned hereby authorizes Fearnley Fonds to block the Shares in favour of Offeror until the earlier of (i) the completion of the Offer, (ii) the Cut-Off Date (as defined above) or (iii) the termination of
this pre-acceptance pursuant to section 3.1 above. 

  

	3.3	The undersigned acknowledges that no offer document has been published in respect to the Offer as of the date hereof, and agrees to be bound by this pre-acceptance
until the Cut-Off Date, regardless of the subsequent publication of such document. The undersigned agrees to undertake any action and execute any documents and instruments as may reasonably be required to carry out and give effect to the provisions
of this pre-acceptance and of the Offer, however this pre-acceptance shall on the part of the undersigned be deemed a binding acceptance of the Offer as described in any subsequent document detailing the terms under the Offer.

  

	4.	Authority 

  

	4.1	The undersigned confirms that the undersigned signs this pre-acceptance as a shareholder or on behalf of a shareholder according to any necessary authorization or power
of attorney, and that the undersigned’s signature is legally binding on the shareholder. 

  
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	5.	Governing law and dispute resolution 

  

	5.1	This pre-acceptance shall be governed by Norwegian law. Any dispute regarding this pre-acceptance shall be finally settled by arbitration in Oslo in accordance with the
Norwegian Arbitration Act. The proceedings and the arbitration award shall be kept confidential unless disclosure of such proceedings or award is required by relevant law or regulation. 

 

							
	Time/Place:	 	  
	 		 	
				
	Signature:	 	  
	 		 	
				
	Signatory’s position:	 	  
	 		 	
				
	Name of shareholder:	 	  
	 		 	

  
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 Appendix 1 
 The completion of the Offer, if set forth, shall be conditioned upon: 
  

	 	1.	The number of Company shares which, together with the Company shares directly or indirectly held by Offeror, represents more than 2/3 of the total outstanding share
capital and voting power of the Company on a fully diluted basis, having been validly tendered at the end of the acceptance period as set forth in the Offer Document; and 

 

	 	2.	The board of directors of the Company does not withdraw or amend its recommendation of the Offer. 

Offeror reserves the right to waive, in whole or in part, one or more of the conditions above in accordance with applicable laws, rules and regulations,
including, with respect to condition (1) above, to complete the Offer at a lower level of acceptance. 

  
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