Document:

EX-4.12

 Exhibit 4.12 
 SECOND AMENDMENT TO REVOLVING CREDIT AGREEMENT 
 Reference is made to that
certain Revolving Credit Agreement dated as of February 11, 2011 among Noble Corporation, a Cayman Islands exempted company limited by shares (“Company”), Wells Fargo Bank, National Association, as Administrative Agent and
Swingline Lender, the Issuing Banks party thereto, and the Lenders from time to time party thereto, as amended by that certain First Amendment to Revolving Credit Agreement dated as of March 11, 2011 (as so amended, the “Credit
Agreement”). Capitalized terms which are defined in the Credit Agreement and which are used in this Second Amendment to Revolving Credit Agreement (this “Amendment”) shall have the meanings given them in the Credit Agreement.

 Company, Administrative Agent and Lenders desire to delete all specific references to “Kroner” and “Singapore
Dollars” in the Credit Agreement and, in consideration of the premises and the mutual covenants and agreements contained herein and in the Credit Agreement, in consideration of the Loans which may hereafter be made by Lenders to Borrowers, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby amend the Credit Agreement as follows: 
 (a) The definitions of “Kroner” and “Singapore Dollars” in Section 1.1 of the Credit Agreement are hereby deleted in their entireties. 

(b) The definition of “Borrowing Multiple” in Section 1.1 of the Credit Agreement is hereby amended and restated in its
entirety as follows: 
 “Borrowing Multiple” means, for any Loan, (i) in the case of a
Borrowing denominated in Dollars, $100,000, (ii) in the case of a Borrowing denominated in Euros, E100,000, (iii) in the case of a Borrowing denominated in Pounds, £50,000, (iv) in the case of a Borrowing denominated in Canadian
Dollars, 150,000 Canadian Dollars, and (v) in the case of a Borrowing denominated in Australian Dollars, 150,000 Australian Dollars. 
 (c) The definition of “Business Day” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“Business Day” means any day other than a Saturday or Sunday on which banks are not authorized or
required to close in New York, New York and, if the applicable Business Day relates to the advance or continuation of, conversion into, or payment on a Eurocurrency Borrowing (i) in a currency other than Euros, on which banks are dealing in
Dollar, Pound, Australian Dollar or Canadian Dollar deposits, as applicable, in the applicable interbank eurocurrency market in London, England, and in the country of issue of the applicable currency, and (ii) in Euros, on which the TARGET
payment system is open for the settlement of payments in Euros. 
 (d) The definition of “Specified Currency” in
Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“Specified Currency” means each of the following currencies: Australian Dollars, or other major currency
as may be requested by the Company and agreed to by the Administrative Agent and each Lender in its sole discretion, provided that such requested currency is a lawful currency that is readily available and freely transferable and convertible into
Dollars. 

 (e) The text “Euros, Australian Dollars, Canadian Dollars, Singapore Dollars, Pounds or
Kroner” in Section 2.2 of the Credit Agreement is hereby amended to read “Euros, Australian Dollars, Canadian Dollars or Pounds”. 
 (f) The text “Pounds or Kroners” in each place where it appears in Section 10.18 of the Credit Agreement is hereby amended to read “Pounds”. 

(g) The text “or Norway” in Section 10.18 of the Credit Agreement is hereby deleted in its entirety. 

(h) The text “Australian Dollars, Canadian Dollars, Singapore Dollars or Kroner” and “Australian Dollars, Canadian Dollars,
Singapore Dollars, or Kroner” in each place where such text appears in the Credit Agreement is hereby amended to read “Australian Dollars or Canadian Dollars”. 
 (i) The text “Australian Dollars, Canadian Dollars, Singapore Dollars and Kroner” in each place where such text appears in the Credit Agreement is hereby amended to read “Australian Dollars
and Canadian Dollars”. 
 (j) The text “Australian Dollars, Canadian Dollars, Singapore Dollars and/or Kroner” in
each place where such text appears in the Credit Agreement is hereby amended to read “Australian Dollars and/or Canadian Dollars”. 
 The Credit Agreement as hereby amended is hereby ratified and confirmed in all respects. Any reference to the Credit Agreement in any Credit Document shall be deemed to be a reference to the Credit
Agreement as hereby amended. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of Administrative Agent or any Lender under the Agreement or
any other Credit Document nor constitute a waiver of any provision of the Agreement or any other Credit Document. 
 This
Amendment is a Credit Document, and all provisions in the Credit Agreement pertaining to Credit Documents apply hereto and thereto. This Amendment may be separately executed in counterparts and by the different parties hereto in separate
counterparts, each of which when so executed shall be deemed to constitute one and the same Amendment. This Amendment may be validly executed by facsimile or other electronic transmission. 

THIS AMENDMENT AND THE OTHER CREDIT DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. 
 [Remainder of page intentionally left blank] 

  
 2 

 IN WITNESS WHEREOF, this Amendment is executed and effective as of January 11, 2013.

  

			
	NOBLE CORPORATION, a Cayman Islands exempted company limited by shares, as Borrower
		
	By:	 	/s/ Alan R. Hay
	Name:	 	Alan R. Hay
	Title:	 	Vice President
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION,as Administrative Agent and a Lender
		
	By:	 	/s/ T. Alan Smith
	Name:	 	T. Alan Smith
	Title:	 	Managing Director
	
	BARCLAYS BANK PLC, Lender
		
	By:	 	/s/ May Huang
	Name:	 	May Huang
	Title:	 	Assistant Vice President
	
	HSBC BANK USA, NATIONAL ASSOCIATION, Lender
		
	By:	 	/s/ Mercedes Ahumada
	Name:	 	Mercedes Ahumada
	Title:	 	Vice President
	
	BNP PARIBAS, Lender
		
	By:	 	/s/ Sandrine Bergeroo-Campagne
	Name:	 	Sandrine Bergeroo Campagne
	Title:	 	Head of Offshore
		
	By:	 	/s/ Paul Barnes
	Name:	 	Paul Barnes
	Title:	 	Managing Director

  
 3 

 
			
	DNB BANK ASA, Lender
		
	By:	 	/s/ Barbara Gronquist
	Name:	 	Barbara Gronquist
	Title:	 	Senior Vice President
		
	By:	 	/s/ Florianne Robin
	Name:	 	Florianne Robin
	Title:	 	Vice President
	
	SUNTRUST BANK, Lender
		
	By:	 	/s/ Shannon Juhan
	Name:	 	Shannon Juhan
	Title:	 	Vice President
	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., Lender
		
	By:	 	/s/ Maria Ferradas
	Name:	 	Maria Ferradas
	Title:	 	Vice President
	
	BANK OF AMERICA, N.A., Lender
		
	By:	 	/s/ Joseph Scott
	Name:	 	Joseph Scott
	Title:	 	Director
	
	CITIBANK, N.A., Lender
		
	By:	 	/s/ James Reilly
	Name:	 	James Reilly
	Title:	 	Vice President

  
 4 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, Lender
		
	By:	 	/s/ Vipul Dhadda
	Name:	 	Vipul Dhadda
	Title:	 	Vice President
		
	By:	 	/s/ Wei-Jen Yuan
	Name:	 	Wei-Jen Yuan
	Title:	 	Associate
	
	DEUTSCHE BANK AG NEW YORK BRANCH, Lender
		
	By:	 	/s/ Ming K. Chu
	Name:	 	Ming K. Chu
	Title:	 	Vice President
		
	By:	 	/s/ Heidi Sandquist
	Name:	 	Heidi Sandquist
	Title:	 	Director
	
	GOLDMAN SACHS BANK USA, Lender
		
	By:	 	/s/ Michelle Latzoni
	Name:	 	Michelle Latzoni
	Title:	 	Authorized Signatory
	
	LLOYDS TSB BANK PLC, Lender
		
	By:	 	/s/ Stephen Giacolone
	Name:	 	Stephen Giacolone
	Title:	 	Assistant Vice President—G011
		
	By:	 	/s/ Dennis McClellan
	Name:	 	Dennis McClellan
	Title:	 	Assistant Vice President—M040

  
 5 

 
			
	STANDARD CHARTERED BANK, Lender
		
	By:	 	/s/ Johanna Minaya
	Name:	 	Johanna Minaya
	Title:	 	Associate Director
		
	By:	 	/s/ Robert Reddington
	Name:	 	Robert Reddington
	Title:	 	Credit Documentation Manager Credit Documentation Unit WB Legal-Americas

  
 6 

 CONSENT AND AGREEMENT 

Each undersigned Guarantor hereby (i) consents to the provisions of this Amendment and the transactions contemplated herein,
(ii) ratifies and confirms its Guaranty of the Obligations, (iii) agrees that all of its respective obligations and covenants under such Guaranty shall remain unimpaired by the execution and delivery of this Amendment, and (iv) agrees
that such Guaranty shall remain in full force and effect. 
  

			
	NOBLE DRILLING CORPORATION
		
	By:	 	/s/ Dennis J. Lubojacky
		 	Name: Dennis J. Lubojacky
		 	Title: President
	
	NOBLE HOLDING INTERNATIONAL LIMITED
		
	By:	 	/s/ Alan R. Hay
		 	Name: Alan R. Hay
		 	Title: Director

  
 7EX-10.27

 Exhibit 10.27 
 Noble Corporation 
 Summary of Director Compensation 

Annual Retainer. Noble Corporation, a Swiss company, (the “Company”) pays each of its non-employee directors an annual
retainer of $50,000 of which 20 percent is paid in shares under the Noble Corporation Equity Compensation Plan for Non-Employee Directors. Under this plan, non-employee directors may elect to receive up to all of the remaining 80% in shares or cash.
Non-employee directors make elections on a quarterly basis. The number of shares to be issued under the plan in any particular quarter is generally determined using the average of the daily closing prices of the shares for the last 15 consecutive
trading days of the previous quarter. No options are issuable under the plan, and there is no “exercise price” applicable to shares delivered under the plan. 
 Board Meeting Fees. In addition, the Company pays its non-employee directors a Board meeting fee of $2,000. The Company pays each member of its audit committee a committee fee of $2,500 per meeting
and each member of our other committees a committee meeting fee of $2,000 per meeting. The Company also reimburses directors for travel, lodging and related expenses they may incur in attending Board and committee meetings. 

Committee Fees. The chair of the audit committee receives an annual retainer of $25,000, the chair of the nominating and corporate
governance committee receives an annual retainer of $15,000, the chair of the compensation committee receives an annual retainer of $20,000 and the chair of each other standing Board committee receives an annual retainer of $15,000. The lead
director also receives an annual fee of $20,000. 
 Equity Compensation. Under the Noble Corporation 1992 Nonqualified
Stock Option and Restricted Share Plan for Nonemployee Directors (the “1992 Plan”) each annually-determined award of a variable number of restricted shares or unrestricted shares is made on a date selected by the Board, or if no such date
is selected by the Board, the date on which the Board action approving such award is taken. Any future award of restricted shares will be evidenced by a written agreement that will include such terms and conditions not inconsistent with the terms
and conditions of the 1992 Plan as the Board considers appropriate in each case.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]