Document:

EX-10.4

 Exhibit 10.4 

RIG RENTAL AGREEMENT 
 This RIG
RENTAL AGREEMENT (hereinafter called the “CHARTER”) entered into between SEADRILL UK LTD. a company incorporated in United Kingdom an having its registered address at 13th Floor
One America Square, 17 Crosswall, London, EC3N 2LB, United Kingdom (hereinafter referred to as “SUK”) and SEADRILL INTERNATIONAL LTD. a company incorporated in Hong Kong and having its registered office at 16-19th Floor, Prince’s Building, 10 Chater Road, Central Hong Kong and a branch office at 6th Floor, Sindhorn Tower 2, 130-132 Wireless Road,
Lumpini, Pathumwan, Bangkok 10330, Thailand (hereinafter called “SIL”). 
 The effective date of this CHARTER shall be 10 December 2012 

 

	1.0	CHARTER 

 SUK hereby lets, and charters, and SIL hereby agrees to hire and charter, under the
terms and conditions as set out in this CHARTER, the rig Seadrill T-16 as per APPENDIX I-A “as is” in its current condition (hereinafter called the “VESSEL”). 

 

	2.0	DELIVERY 

 SUK shall make available and SIL shall take delivery of the VESSEL on the date
specified in APPENDIX I-B. 
 The VESSEL shall be delivered from SUK to SIL on an “as is, where is” basis and it is deemed that the
VESSEL is suitable in all respect for the service intended. The date for the commencement of the Charter shall be the date stipulated as the Commencement Date of the contract as specified in APPENDIX I-C. 

 

	3.0	DURATION 

 The duration of the CHARTER for the VESSEL shall be from the Commencement Date as
provided in Clause 2 above and shall be in effect as defined until terminated by either party with prior written notice of at least thirty (30) days or as provided for in Clause 11 (Termination) of this CHARTER or on the date stipulated as the
completion date of the contract specified in APPENDIX I-D (“Charter Period”). 
  

	4.0	REDELIVERY 

 SIL shall, at the expiration of the charter period as per Clause 3 above, redeliver
the VESSEL to SUK in the same good order, condition, working order and repair as on delivery, save only for reasonable wear and tear. The actual date of expiration shall be as provided in Clause 3 above. 

 

	5.0	DELIVERY / REDELIVERY SURVEY 

 An on-hire survey of the VESSEL’s hull, machinery and
equipment may be made prior to the delivery date by an independent surveyor acceptable to both SUK and SIL. At the termination of the CHARTER, an off-hire condition survey of the VESSEL’s hull, machinery and equipment may be made by an
independent surveyor acceptable to both SUK and SIL. 
 The cost of the on-hire and off-hire survey shall be borne by the party requesting
the survey. 

  
  

Seadrill T-16 Rig Rental Agreement. 

Seadrill International Limited – Seadrill UK Ltd 

Page 1 of 8 

	6.0	TRADING LIMIT 

 The VESSEL shall work as a drilling vessel in relation to oil and gas
exploration offshore Thailand and or any other areas to be mutually agreed by SUK and SIL in writing. SIL specifically undertakes that the VESSEL will not be used in violation of her existing document or register, or in violation of the existing
classification or load line regulations applicable to the VESSEL, or in violation of any laws or regulations of any governmental entity having jurisdiction over the VESSEL. Classification certificates and surveys as required by applicable law and
regulations shall be maintained by SIL. 
 The VESSEL shall not, without the prior written consent of SUK be brought into a war zone or into
an operating area where threats of war or war like operations can put the VESSEL at extra risk, and SIL shall take out satisfactory insurance against such extra risk at SIL’s expense. 

 

	7.0	COMPENSATION AND RESPONSIBILITIES 

  

	 	7.1	CHARTER HIRE - PAYMENT 

  

	 	7.1.1	DAILY RATE 

  

	 	 	SIL shall pay SUK charter hire (bareboat rates) in the amount of United States Dollars per day or pro rata part thereof as per APPENDIX I-E from the delivery date and until the termination date. This rate covers the
hire of the VESSEL on a bareboat basis. The parties may by mutual agreement in writing amend the charter hire (bareboat rates) periodically or otherwise when deemed necessary. The SIL will be responsible for arranging for crew, repairs and
maintenance, insurance etc. and will bear the costs of all such running expenses. 

  

	 	7.1.2	SIL shall pay the charter hire monthly, thirty (30) days after the month in question. Any other amounts, which may be due under this CHARTER, shall be paid within thirty (30) days after receipt of invoice.

  

	 	 	Each payment hereunder shall be in United States Dollars according to the applicable invoice instruction in the full invoice amount. Payments to be made by SIL shall be made in full without any deduction or withholding
(whether in respect of set-off, counter claim, duties, taxes, charges or otherwise whatsoever) unless the SIL is prohibited by law from so doing. If this charter hire is subject to VAT, then SIL and SUK will separately agree to how the payment of
VAT should be regulated between the parties. 

  

	 	 	Invoices which remain unpaid after the due date shall bear interest at three (3) months London Inter-Bank Offered Rates (LIBOR) rate plus two percent (2%) per annum. Without prejudice to SUK’s other
rights hereunder, SUK has the right to withdraw the VESSEL from this CHARTER immediately without giving further notice in the event that payment(s) is or are overdue and outstanding for at least thirty (30) days. 

  
  

Seadrill T-16 Rig Rental Agreement. 

Seadrill International Limited – Seadrill UK Ltd 

Page 2 of 8 

	8.0	MAINTENANCE AND OPERATION 

  

	 	8.1	VESSEL MAINTENANCE, CLASSIFICATION AND REPAIRS 

  

	 	 	The VESSEL shall during the Charter Period be in the full possession and at the absolute disposal for all purposes of SIL and under its complete control in every respect. SUK shall maintain the VESSEL, her machinery,
appurtenances, drilling and associated equipment and other equipment and spare parts in a good state of repair, in efficient operating condition and in accordance with good oil field maintenance practice and keep the VESSEL with unexpired
classification certificates from a well reputed classification society and other required certificates currently in force and required by the laws of the nation of the VESSEL’s registry and of the nation(s) under which law(s) the VESSEL
operates. 

  

	 	8.2	STRUCTURAL CHANGES 

  

	 	 	SIL shall not make any structural changes or alteration to the VESSEL unless prior written approval is received from the SUK, the VESSEL’s classification society and regulatory bodies under which the VESSEL is
governed. SIL shall bear the cost of any expense incurred in the installation and removal of such equipment or structural changes and restoration. 

  

	 	 	SIL shall bear the expense of additional equipment whether SIL purchases, rents or leases such additional equipment for use on board the VESSEL. 

 

	9.0	OWNER INSPECTION 

 SUK shall have the right, at its expense at any time, to inspect or survey
the VESSEL or appoint a duly authorised surveyor or representative to carry out such inspection to ascertain the condition of the VESSEL, and to require SIL to perform all maintenance and repairs consistent with good oil field practice. 

SIL shall also permit SUK to inspect the VESSEL’s log books whenever requested and shall, whenever required by SUK, furnish SUK with full
information regarding any casualties or other accidents or damage to the VESSEL. 
  

	10.0	VESSEL’S EQUIPMENT/ALTERATIONS 

  

	 	10.1	USE OF THE VESSEL 

 SIL shall have the use, free of additional cost during the Charter Period,
of all furniture, furnishings, appurtenances, appliances and equipment furnished with the VESSEL. 
  

	 	10.2	EXISTING SPARE PARTS AND EQUIPMENT 

 SUK shall, prior to the commencement of the Charter
Period, perform an inventory of all such spares and equipment which shall be used by the storekeepers for reconciliation purposes. At the end of the Charter Period, SIL shall return the VESSEL to SUK with spares and equipment in the same quantity as
was recorded by SUK prior to the commencement of the Charter Period. 
  

	 	10.3	ADDITIONAL SPARE PARTS AND EQUIPMENT 

 SIL shall purchase for its own account additional spares
and equipment that SIL uses during the Charter Period. 

  
  

Seadrill T-16 Rig Rental Agreement. 

Seadrill International Limited – Seadrill UK Ltd 

Page 3 of 8 

	11.0	TERMINATION 

 This CHARTER may be terminated upon the occurrence of any of the following
circumstances: 
  

	 	11.1	BANKRUPTCY 

 SUK may terminate this CHARTER if SIL is dissolved or adjudged as bankrupt, has a
petition in bankruptcy filed against it or makes a general assignment for the benefit of its creditors or a receiver is appointed for SIL. Termination under this Clause shall not relieve SIL of any of its obligations to pay charter hire or other
amounts then due and shall be without prejudice to any claim SUK may otherwise have against SIL under this CHARTER. 
  

	 	11.2	LOSS OF THE VESSEL 

 In the event the VESSEL is lost, actually or constructively, or missing,
hire is to cease from the date lost or, if the date of loss cannot be ascertained, full hire shall be paid up to the date when the last of the communications from the VESSEL was obtained. 

 

	 	11.3	CHARTERER’S DEFAULT 

 SUK has the right to withdraw the VESSEL from service under this
CHARTER and terminate the Charter if SIL fails to make payments when due, fails to perform its requisite maintenance under Clauses 9, 10 and/or 11, or otherwise fails to perform any of its material obligations hereunder. Termination under this
Clause shall not relieve SIL of any of its obligations to pay charter hire or other amounts then due and shall be without prejudice to any claim SUK may have against the SIL under this CHARTER. 

 

	 	11.4	Termination under this Clause 11 shall not prejudice any other rights which either party may have. In the event either party becomes informed of the occurrence of any such event described in this Clause 11, that party
shall so notify the other party promptly, and in any event within three (3) business days after such information is received. 

  

	12.0	INSURANCE 

 SIL shall at its own cost and expense keep the VESSEL insured against damage and
total loss (marine and war risks) at the full market value of the VESSEL plus 20%, which amount shall not be less than the amount stated in APPENDIX I-F. 

SIL shall also take out and pay for Protection and Indemnity (P&I) insurance coverage and liability cover in accordance to good and prudent
offshore industry standard terms and limits. 
 All policies shall be taken out to the benefit of and in the name of SUK with SIL named as
co-insured. All policies shall be approved by SUK. 

  
  

Seadrill T-16 Rig Rental Agreement. 

Seadrill International Limited – Seadrill UK Ltd 

Page 4 of 8 

	13.0	ASSIGNMENT 

 The CHARTER shall be binding upon and shall inure to the benefit of the respective
successors and assignees of SUK and SIL; provided, nevertheless, that SIL shall not have the right to assign, let or sublet the VESSEL hereunder, or any obligations or duties imposed on SIL hereunder, without SUK’s prior written consent; and
unless expressly otherwise agreed, each party hereto shall remain liable for the performance of its respective obligations under this CHARTER. 
  

	14.0	TAXES AND LIENS 

  

	 	14.1	The parties recognise that the charter hire for the VESSEL is not subject to withholding tax under Thailand tax regulations. Should this charter hire at a later stage be subject to Thailand withholding tax, then the
matter will be resolved mutually by the SUK and SIL. In this regard, all requisite documentation pertaining to such taxes shall be maintained by both parties in good order and made available to each other for the purposes of complying with each
parties’ respective tax obligations. 

  

	 	14.2	SIL will not directly or indirectly create, incur, assume or suffer to exit any mortgage, security interest or pledge, lien, attachment, charge or encumbrance on or with respect to the VESSEL or any item of the VESSEL.

  

	15.0	LAW AND JURISDICTION 

 This CHARTER shall be governed by and construed in accordance with the
laws of England and Wales. 
 Any dispute arising out of or in connection with this CHARTER shall be referred to and finally resolved by
arbitration in Singapore in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force, which rules are deemed to be incorporated by reference into this clause. 

 

	16.0	AMENDMENT 

 The parties may, by mutual agreement, amend the terms and conditions of the CHARTER
and the Appendices. 
 In the case of amendment to the terms of this CHARTER and its Appendices, the remaining terms to this CHARTER which
are unamended shall continue to be enforceable and binding against the parties. 
  

	17.0	NOTICES 

 Notices required to be given under this CHARTER shall be in writing to the following
addresses: 
  

					
	OWNER:	  	SEADRILL UK LTD.
		  	13th Floor One America Square,
		  	17 Crosswall
		  	London, EC3N 2LB
		  	United Kingdom,
			
		  	Attention:	  	Graham Robjohns
			
		  	Tel:	  	(44) 20751 78600
		  	Fax:	  	(44) 20751 78601

  
  

Seadrill T-16 Rig Rental Agreement. 

Seadrill International Limited – Seadrill UK Ltd 

Page 5 of 8 

					
	With copy to:	  	Seadrill Management (S) Pte Ltd
		  	10 Hoe Chiang Road
		  	#18-01 Keppel Towers
		  	Singapore 089315
			
		  	Attention:	  	William Crombie, Director of Finance
		
		  	Tel: (65) 6411 5000
		  	Fax: (65) 6222 5592
		
	CHARTERER:	  	SEADRILL INTERNATIONAL LTD
		  	Thailand Branch
		  	6th Floor, Sindhorn Tower 2,
		  	130-132 Wireless Road,
		  	Lumpini, Pathumwan,
		  	Bangkok 10330
		  	Thailand
			
		  	Attention:	  	General Manager
			
		  	Tel:	  	+66 2 263 3320
		  	Fax:	  	+66 2 263 3330
		
	With copy to:	  	Seadrill Management (S) Pte Ltd
		  	10 Hoe Chiang Road
		  	#18-01 Keppel Towers
		  	Singapore 089315
			
		  	Attention:	  	William Crombie, Director of Finance
		
		  	Tel: (65) 6411 5000
		  	Fax: (65) 6222 5592

 Any notification under this CHARTER shall be well and sufficiently served on the party concerned when received
by telex, cable or registered mail at the above address, or the latest address as has been notified to the other party in accordance with this clause. 
  

	18.0	THIRD PARTY RIGHTS 

 No person who is a party to this CHARTER shall have any rights to enforce
any term of this CHARTER. 

                    End of
Articles                     

  
  

Seadrill T-16 Rig Rental Agreement. 

Seadrill International Limited – Seadrill UK Ltd 

Page 6 of 8 

 IN WITNESS WHEREOF the parties have executed this CHARTER as of the 10th day of December 2012. 

 

					
	SIGNED by	 	)	 	
	Lee Geok Hiang	 	)	 	
	for and on behalf of	 	)	 	 /s/ Lee Geok Hiang

		 	)	 	Lee Geok Hiang
	SEADRILL INTERNATIONAL LTD.	 	)	 	
		 	)	 	
		 	)	 	
	In the presence of: Elizabeth Tham	 	)	 	 /s/ Elizabeth Tham

			
	SIGNED by	 	)	 	
	Graham Robjohns	 	)	 	
	for and on behalf of	 	)	 	 /s/ Graham Robjohns

		 	)	 	Graham Robjohns
	SEADRILL UK LTD.	 	)	 	
		 	)	 	
		 	)	 	
	In the presence of: Connor Woolfson	 	)	 	 /s/ Connor Woolfson

  
  

Seadrill T-16 Rig Rental Agreement. 

Seadrill International Limited – Seadrill UK Ltd 

Page 7 of 8 

 APPENDIX I 

 

									
	I - A	  	RIG NAME	 	SEADRILL T-16
			
	I - B	  	DELIVERY DATE	 	TBA – Estimated 1st Qtr 2013
					
	I - C	  	 COMMENCEMENT DATE OF
 RIG RENTAL
AGREEMENT
	 	TBA	 	–	 	In accordance with commencement date stipulated in Contract No. 886138 within the window period of 1 October 2013 and 31 March 2014
			
	I - D	  	 CHARTERER’S DRILLING
 CONTRACT NAME &
NUMBER
	 	 Contract Number 886138
 Provision of
Drilling Rig Equipment and Services

			
	I - E	  	CHARTER HIRE RATE	 	USD 51,340 per day
			
	I - F	  	INSURANCE	 	Hull & Machinery – TBA

  
  

Seadrill T-16 Rig Rental Agreement. 

Seadrill International Limited – Seadrill UK Ltd 

Page 8 of 8EX-10.5

 Exhibit 10.5 

Execution Copy 
  

 
  

PURCHASE AND SALE AGREEMENT 

DATED OCTOBER 11, 2013 

AMONG 
 SEADRILL LIMITED

 AND 
 SEADRILL
PARTNERS LLC 
 AND 

SEADRILL PARTNERS OPERATING LLC 
  

 
  

 TABLE OF CONTENTS 

 

							
	ARTICLE I	  
	DEFINITIONS	  
			
	 Section 1.01
	 	 Definitions
	  	 	1	  
	
	ARTICLE II	  
	PURCHASE AND SALE OF EQUITY INTERESTS; CLOSING	  
			
	 Section 2.01
	 	 Purchase and Sale of Equity Interests
	  	 	5	  
	 Section 2.02
	 	 Closing
	  	 	5	  
	 Section 2.03
	 	 Place of Closing
	  	 	5	  
	 Section 2.04
	 	 Purchase Price Adjustment
	  	 	5	  
	 Section 2.05
	 	 Satisfaction of Intercompany Receivables
	  	 	6	  
	 Section 2.06
	 	 Termination of Drilling Contract Interest
	  	 	6	  
	
	ARTICLE III	  
	REPRESENTATIONS AND WARRANTIES OF THE BUYER	  
			
	 Section 3.01
	 	 Organization; Good Standing and Authority
	  	 	6	  
	 Section 3.02
	 	 Authorization, Execution and Delivery of this Agreement
	  	 	6	  
	 Section 3.03
	 	 No Conflicts
	  	 	6	  
	 Section 3.04
	 	 No Consents
	  	 	7	  
	
	ARTICLE IV	  
	REPRESENTATIONS AND WARRANTIES OF THE SELLER	  
			
	 Section 4.01
	 	 Organization; Good Standing and Authority
	  	 	7	  
	 Section 4.02
	 	 Authority and Authorization; Execution and Delivery of this Agreement
	  	 	7	  
	 Section 4.03
	 	 No Conflicts
	  	 	7	  
	 Section 4.04
	 	 No Consents
	  	 	8	  
	 Section 4.05
	 	 Legal and Beneficial Title to Equity Interests; No Encumbrances
	  	 	8	  
	 Section 4.06
	 	 Common Units
	  	 	8	  
	
	ARTICLE V	  
	REPRESENTATIONS AND WARRANTIES OF	  
	THE SELLER REGARDING SEADRILL T-16	  
			
	 Section 5.01
	 	 Organization; Good Standing and Authority of Seadrill T-16
	  	 	8	  
	 Section 5.02
	 	 Capitalization; No Options
	  	 	8	  
	 Section 5.03
	 	 Seadrill T-16 Governing Documents
	  	 	9	  
	 Section 5.04
	 	 Loan Documents; Validity of the T-16 Credit Facility
	  	 	9	  
	 Section 5.05
	 	 No Conflicts
	  	 	9	  
	 Section 5.06
	 	 Title to Rig; Encumbrances
	  	 	9	  
	 Section 5.07
	 	 Litigation
	  	 	9	  
	 Section 5.08
	 	 Indebtedness to and from Officers, etc
	  	 	10	  
	 Section 5.09
	 	 Personnel
	  	 	10	  
	 Section 5.10
	 	 Contracts and Agreements
	  	 	10	  

  
 i 

							
	 Section 5.11
	 	 Compliance with Law
	  	 	10	  
	 Section 5.12
	 	 No Undisclosed Liabilities
	  	 	11	  
	 Section 5.13
	 	 Disclosure of Information
	  	 	11	  
	 Section 5.14
	 	 Insurance
	  	 	11	  
	 Section 5.15
	 	 U.S. Tax Classification
	  	 	11	  
	
	ARTICLE VI	  
	REPRESENTATIONS AND WARRANTIES OF	  
	THE SELLER REGARDING THE RIG	  
			
	 Section 6.01
	 	 Flag
	  	 	11	  
	 Section 6.02
	 	 Classification
	  	 	11	  
	 Section 6.03
	 	 Maintenance
	  	 	12	  
	 Section 6.04
	 	 Liens
	  	 	12	  
	 Section 6.05
	 	 No Blacklisting or Boycotts
	  	 	12	  
	 Section 6.06
	 	 No Options
	  	 	12	  
	
	ARTICLE VII	  
	REPRESENTATIONS AND WARRANTIES OF SEADRILL PARTNERS	  
			
	 Section 7.01
	 	 Organization; Good Standing and Authority
	  	 	12	  
	 Section 7.02
	 	 Authority and Authorization; Execution and Delivery of this Agreement
	  	 	12	  
	 Section 7.03
	 	 No Conflicts
	  	 	12	  
	 Section 7.04
	 	 No Consents
	  	 	13	  
	 Section 7.05
	 	 Common Units
	  	 	13	  
	
	ARTICLE VIII	  
	PRE-CLOSING MATTERS	  
			
	 Section 8.01
	 	 Covenants of the Seller Prior to the Closing
	  	 	13	  
	 Section 8.02
	 	 Covenant of the Buyer Prior to the Closing
	  	 	14	  
	 Section 8.03
	 	 Covenant of Seadrill Partners Prior to the Closing
	  	 	14	  
	
	ARTICLE IX	  
	CONDITIONS OF CLOSING	  
			
	 Section 9.01
	 	 Conditions of the Parties
	  	 	15	  
	 Section 9.02
	 	 Conditions of the Seller
	  	 	15	  
	 Section 9.03
	 	 Conditions of the Buyer and Seadrill Partners
	  	 	16	  
	
	ARTICLE X	  
	TERMINATION, AMENDMENT AND WAIVER	  
			
	 Section 10.01
	 	 Termination of Agreement
	  	 	16	  
	 Section 10.02
	 	 Amendments and Waivers
	  	 	17	  
	
	ARTICLE XI	  
	INDEMNIFICATION	  
			
	 Section 11.01
	 	 Indemnity by the Seller
	  	 	17	  

  
 ii 

							
	 Section 11.02
	 	 Indemnity by the Buyer and Seadrill Partners
	  	 	17	  
	 Section 11.03
	 	 Release from Indemnity for Losses under the Drilling Contract
	  	 	17	  
	
	ARTICLE XII	  
	MISCELLANEOUS	  
			
	 Section 12.01
	 	 Further Assurances
	  	 	18	  
	 Section 12.02
	 	 Powers of Attorney
	  	 	18	  
	 Section 12.03
	 	 Headings; References; Interpretation
	  	 	19	  
	 Section 12.04
	 	 Successors and Assigns
	  	 	19	  
	 Section 12.05
	 	 No Third Party Rights
	  	 	19	  
	 Section 12.06
	 	 Counterparts
	  	 	20	  
	 Section 12.07
	 	 Governing Law
	  	 	20	  
	 Section 12.08
	 	 Severability
	  	 	20	  
	 Section 12.09
	 	 Integration
	  	 	20	  
	 Section 12.10
	 	 No Broker’s Fees
	  	 	20	  
	 Section 12.11
	 	 Notices
	  	 	20	  

  
 iii 

 PURCHASE AND SALE AGREEMENT, dated as of October 11, 2013, by and among SEADRILL
LIMITED, a Bermuda exempted company (“Seadrill” or “Seller”), SEADRILL PARTNERS LLC, a Marshall Islands limited liability company (“Seadrill
Partners”), and SEADRILL PARTNERS OPERATING LLC, a Marshall Islands limited liability company (the “Company” or “Buyer”), each a
“Party” and collectively, the “Parties.”  
 RECITALS

 WHEREAS, Buyer wishes to purchase, and Seller wishes to sell, all outstanding shares (the “Equity Interests”)
of Seadrill T-16 Ltd., a Bermuda exempted company (“Seadrill T-16”); and 
 WHEREAS, Seller is the record owner of
the Equity Interests; 
 WHEREAS, pursuant to the terms of the Purchase and Sale Agreement dated May 7, 2013 between the Seller and the
Buyer, the Drilling Contract Interest (defined in Article I) shall terminate upon transfer of the Equity Interests. 
 WHEREAS, Buyer will
acquire the Equity Interests by issuing units representing limited liability company interests in the Buyer (“OPCO Units”) to Seadrill Partners which in turn will issue common units representing limited liability company
interests in Seadrill Partners (“Common Units”) to Seller; 
 WHEREAS, Seadrill T-16 is the record owner of the
T-16, a barge-style, self-erecting tender rig (the “Rig”); 
 WHEREAS, the Rig is subject to a contract for
offshore drilling services with an effective date of February 28, 2011, as subsequently amended and novated (the “Drilling Contract”), between Seadrill International Ltd. (“SIL”) and Chevron
Thailand Exploration and Production Limited (the “Customer”); and 
 WHEREAS, the Buyer is a wholly owned subsidiary
of Seadrill Partners. 
 NOW, THEREFORE, the Parties hereto agree as follows: 

ARTICLE I  
 DEFINITIONS

 Section 1.01 Definitions. In this Agreement, unless the context requires otherwise or unless otherwise specifically
provided herein, the following terms shall have the respective meanings set out below and grammatical variations of such terms shall have corresponding meanings: 

“1933 Act” has the meaning set forth in Section 4.06 

 “1934 Act Filings” means the filings made with the Securities and
Exchange Commission under the Securities Exchange Act of 1934 by Seadrill or Seadrill Partners, as the case may be. 

“Agreement” means this purchase and sale agreement, including its recitals, schedules and exhibits, as amended and
supplemented. 
 “Applicable Law” in respect of any Person, property, transaction or event, means all laws,
statutes, ordinances, regulations, municipal by-laws, treaties, judgments and decrees applicable to that Person, property, transaction or event and, whether or not having the force of law, all applicable official directives, rules, consents,
approvals, authorizations, guidelines, orders, codes of practice and policies of any Governmental Authority having or purporting to have authority over that Person, property, transaction or event and all general principles of common law and equity.

 “Business Day” means any day other than a Saturday, Sunday or any statutory holiday on which banks
in London or New York are required to close. 
 “Buyer” has the meaning given to it in the Preamble to
this Agreement. 
 “Buyer Attorney-in-Fact” has the meaning given to it in Section 12.02(a). 

“Buyer Indemnitees” has the meaning given to it in Section 11.01. 

“Closing” has the meaning given to it in Section 2.02. 

“Closing Date” means the day on which the Closing takes place. 

“Common Units” has the meaning given to it in the recitals. 

“Company” has the meaning given to it in the Preamble to this Agreement. 

“Customer” has the meaning given to it in the recitals. 

“Drilling Contract” has the meaning given to it in the recitals. 

“Drilling Contract Interest” means the beneficial interest of Seller in the Drilling Contract pursuant to
Section 12.02 of the Purchase and Sale Agreement dated May 7, 2013 between the Seller and the Buyer. 

“Encumbrance” means any mortgage, maritime or other lien, charge, assignment, adverse claim, hypothecation,
restriction, option, covenant, voting trust arrangement, adverse claim, condition, encumbrance or right, whether fixed or floating, on, or any security interest in, any property whether real, personal or mixed, tangible or intangible, any pledge or
hypothecation of any property, any deposit arrangement, priority, conditional sale agreement, other title retention agreement or equipment trust, capital lease or other security arrangements of any kind. 

  
 2 

 “Environmental Laws” means all international, federal,
state, foreign and local laws, statutes, rules, regulations, treaties, conventions, orders, judgments and ordinances having the force and effect of law and relating to protection of natural resources, health and safety and the environment, each in
effect and as amended through the Closing Date. 
 “Equity Interests” has the meaning given to it in the recitals.

 “Financing Agreements” means collectively the (1) Amended and Restated Revolving Loan Agreement dated
August 31, 2013 between Seadrill Operating LP, Seadrill Capricorn Holdings LLC and Seadrill Partners Operating LLC, as borrowers, and Seadrill, as lender, (2) Amended and Restated US$1,500,000,000 Senior Secured Credit Facility Agreement
dated October 15, 2012 for Seadrill, as Borrower, the subsidiaries of Seadrill named therein as guarantors, and the banks and financial institutions named therein as lenders, (3) Amended and Restated US$1,200,000,000 Senior Secured Credit
Facility Agreement dated October 10, 2012 for Seadrill, as Borrower, the subsidiaries of Seadrill named therein as guarantors, and the banks and financial institutions named therein as lenders, (4) Amended and Restated US$275,000,000
Senior Secured Term Loan and Revolving Credit Facility Agreement dated October 10, 2012 for Seadrill, as Borrower, the subsidiaries of Seadrill named therein, as guarantors, and the banks and financial institutions named therein as lenders,
(5) Amended and Restated the US$275,000,000 Senior Secured Term Loan Facility Agreement dated October 10, 2012 for Seadrill, as Borrower, the subsidiaries of Seadrill named therein, as guarantors, as the banks and financial institutions
named therein as lenders, (6) Amended and Restated Common Terms Agreement dated October 10, 2012 for Seadrill, as Borrower, the subsidiaries of Seadrill named therein as guarantors, DNB Bank ASA as Agent, GIEK Facility Agent and Security
Agent and Citibank NA, London Branch as GIEK Agent and (7) US$440,000,000 Senior Secured Credit Facility Agreement dated December 4, 2012, as amended, for Seadrill, as Borrower, the subsidiaries of Seadrill named therein as guarantors, and
the banks and financial institutions named therein as lenders. 
 “Governmental Authority” means any domestic or
foreign government, including federal, provincial, state, municipal, county or regional government or governmental or regulatory authority, domestic or foreign, and includes any department, commission, bureau, board, administrative agency or
regulatory body of any of the foregoing and any multinational or supranational organization. 
 “Insolvency Event”
means, with respect to any Person, that any of the following actions has occurred in relation to it: 
 (a) an order has been
made or an effective resolution passed or other proceedings or actions taken (including the presentation of a petition) with a view to its administration, bankruptcy, winding-up, liquidation or dissolution; or 

(b) it has had a receiver, administrative receiver, manager or administrator appointed over all or any substantial part of its
undertaking or assets; or 
 (c) any event has occurred or situation arisen in any jurisdiction that has a substantially
similar effect to any of the foregoing. 

  
 3 

 “Losses” means, with respect to any matter, all losses, claims, damages,
liabilities, deficiencies, costs, expenses (including all costs of investigation, legal and other professional fees and disbursements, interest, penalties and amounts paid in settlement) or diminution of value, whether or not involving a claim from
a third party, however specifically excluding consequential, special and indirect losses, loss of profit and loss of opportunity. 

“Manager” means SIL. 

“Marshall Islands LLC Act” means the Republic of the Marshall Islands Limited Liability Company Act of 1996. 

“OPCO Units” has the meaning given to it in the recitals. 

“Party” or “Parties” has the meaning given to it in the Preamble to this Agreement. 

“Person” means an individual, legal personal representative, corporation, body corporate, firm, limited liability
company, partnership, trust, trustee, syndicate, joint venture, unincorporated organization or Governmental Authority. 

“Purchase Price” has the meaning given to it in Section 2.01. 

“Purchase Price Adjustment” has the meaning given to it in Section 2.04(a). 

“Rig” has the meaning given to it in the recitals. 

“Seadrill” has the meaning given to it in the Preamble to this Agreement. 

“Seadrill Partners” has the meaning given to it in the Preamble to this Agreement. 

“Seadrill Partners Attorney-in-Fact” has the meaning given to it in Section 12.02(c). 

“Seadrill Partners Operating Agreement” means the First Amended and Restated Operating Agreement of Seadrill Partners
LLC, dated as of October 24, 2012. 
 “Seadrill T-16” has the meaning given to it in the recitals. 

“Seadrill T-16 Contracts” has the meaning given to it in Section 5.10. 

“Seadrill T-16 Governing Documents” has the meaning given to it in Section 5.02. 

“Seller” has the meaning given to it in the Preamble to this Agreement. 

“Seller Attorney-in-Fact” has the meaning given to it in Section 12.02(b). 

“Seller Indemnitees” has the meaning given to it in Section 11.02. 

“SIL” has the meaning given to it in the recitals. 

  
 4 

 “T-16 Credit Facility” means the US$440 million Senior Secured Credit
Facility Agreement dated December 4, 2012, as amended, between Seadrill Limited and certain other subsidiaries of Seadrill named therein, as Borrowers, Seadrill T-15 Ltd., Seadrill T-16 and certain other subsidiaries of Seadrill named therein
as guarantors, and the banks and financial institutions named therein as lenders. 
 “Taxes” means all income,
franchise, business, property, sales, use, goods and services or value added, withholding, excise, alternate minimum capital, transfer, excise, customs, anti-dumping, countervail, net worth, stamp, registration, payroll, employment, health,
education, business, school, property, local improvement, development and occupation taxes, surtaxes, duties, levies, imposts, rates, fees, assessments, dues and charges and other taxes required to be reported upon or paid to any Governmental
Authority and all interest and penalties thereon. 
 “Time of Closing” has the meaning given to it in Section 2.02.

 ARTICLE II  

PURCHASE AND SALE OF EQUITY INTERESTS; CLOSING 

Section 2.01 Purchase and Sale of Equity Interests. The Seller agrees to sell and transfer to the Buyer, and the Buyer agrees to
purchase from the Seller the Equity Interests. The consideration for the acquisition (the “Purchase Price”) shall be an amount equal to $200,000,000 less $93,100,000, which is the amount of debt outstanding on the date hereof
under the T-16 Credit Facility that is attributable to the Rig, in accordance with and subject to the terms and conditions set forth in this Agreement. The Purchase Price will be satisfied by the issuance by Seadrill Partners of 3,310,622
unregistered Common Units (valued at $32.29 each) to Seller. In consideration of the satisfaction of the Purchase Price by Seadrill Partners, the Buyer will issue 106,900,000 OPCO Units (valued at $1.00 each) to Seadrill Partners. 

Section 2.02 Closing. On the terms and subject to the conditions of this Agreement, the sale and transfer of the Equity Interests
and payment of the Purchase Price shall take place on October 18, 2013 or on such other date as may be agreed upon by the Seller, Seadrill Partners and the Buyer (the “Time of Closing”). The sale and transfer of the
Equity Interests is hereinafter referred to as the “Closing.” 
 Section 2.03 Place of Closing. The
Closing shall occur in Bermuda. 
 Section 2.04 Purchase Price Adjustment. 

(a) The Purchase Price shall be increased or decreased by an amount equal to the amount that all net working capital (excluding inventory and
debt) reflected on the books and records as of the Closing Date of Seadrill T-16 either exceeds or is less than $4,500,000 (the “Purchase Price Adjustment”). 

(b) Within 30 days following the Closing Date, the Seller, Seadrill Partners and the Buyer shall agree on the amount of the Purchase Price
Adjustment pursuant to Section 2.04(a), and the Buyer and Seller shall make settlement of the Purchase Price Adjustment within 30 days thereafter. 

  
 5 

 Section 2.05 Satisfaction of Intercompany Receivables. The Seller hereby agrees that,
at or prior to Closing, the Seller shall arrange for the extinguishment of the obligations of Seadrill T-16, by settlement or any other manner in Seller’s sole discretion, in relation to all amounts payable to the Seller and its subsidiaries by
Seadrill T-16 (other than the intercompany loan agreement described in Section 9.01(c)). 
 Section 2.06 Termination of Drilling
Contract Interest. For the avoidance of doubt, Buyer and Seller agree that the termination of the Drilling Contract Interest shall take place as of the Closing Date and that the Drilling Contract Interest shall apply between the Parties to all
rights and obligations accrued pursuant to the Drilling Contract prior to the Closing Date. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF THE BUYER 

The Buyer represents and warrants to the Seller that as of the date hereof and on the Closing Date: 

Section 3.01 Organization; Good Standing and Authority. The Buyer has been duly formed and is validly existing in good standing
under the laws of the Republic of the Marshall Islands and has all requisite limited liability company power and authority to operate its assets and conduct its business as it is now being conducted. No Insolvency Event has occurred with respect to
the Buyer and no events or circumstances have arisen that entitle or could entitle any person to take any action, appoint any person, commence proceedings or obtain any order instigating an Insolvency Event. 

Section 3.02 Authorization, Execution and Delivery of this Agreement. The Buyer has the full right, power and authority to enter
into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement and all documents, instruments and agreements required to be executed and delivered by the Buyer pursuant to this Agreement in connection with
the completion of the transactions contemplated by this Agreement, have been duly authorized by all necessary action on its part, and this Agreement has been duly executed and delivered by the Buyer and constitutes a legal, valid and binding
obligation of the Buyer enforceable against it in accordance with its terms, except as may be limited by bankruptcy, insolvency, liquidation, reorganization, reconstruction and other similar laws of general application affecting the enforceability
of remedies and rights of creditors and except that equitable remedies such as specific performance and injunction are in the discretion of a court. 

Section 3.03 No Conflicts. The execution, delivery and performance by the Buyer of this Agreement will not conflict with or result
in any violation of or constitute a breach of any of the terms or provisions of, or result in the acceleration of any obligation under, or constitute a default under any provision of: (i) its certificate of formation or its Operating Agreement;
(ii) any Encumbrance, bond, indenture, agreement, contract, franchise license, permit or other instrument or obligation to which it is a party or is subject or by which any of its assets or properties may be bound; or (iii) any Applicable
Laws. 

  
 6 

 Section 3.04 No Consents. Except as have already been obtained or that will be
obtained prior to the Time of Closing, no consent, permit, approval or authorization of, notice or declaration to or filing with any Governmental Authority or any other Person, including those related to any Environmental Laws or regulations, is
required in connection with the execution and delivery by it of this Agreement or the consummation by the Buyer of the transactions contemplated hereunder. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF THE SELLER 

Seller represents and warrants to each of Seadrill Partners and the Buyer that as of the date hereof and on the Closing Date: 

Section 4.01 Organization; Good Standing and Authority. Seller has been duly incorporated and is validly existing and in good
standing under the laws of Bermuda and has all requisite corporate power and authority to own and operate its assets and conduct its business as described in its 1934 Act Filings. No Insolvency Event has occurred with respect to the Seller and no
events or circumstances have arisen that entitle or could entitle any person to take any action, appoint any person, commence proceedings or obtain any order instigating an Insolvency Event. 

Section 4.02 Authority and Authorization; Execution and Delivery of this Agreement. The Seller has the full right, power and
authority to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement and all documents, instruments and agreements required to be executed and delivered by the Seller pursuant to this
Agreement in connection with the completion of the transactions contemplated by this Agreement, have been duly authorized by all necessary action on its part, and this Agreement has been duly executed and delivered by the Seller and constitutes a
legal, valid and binding obligation of the Seller enforceable against it in accordance with its terms, except as may be limited by bankruptcy, insolvency, liquidation, reorganization, reconstruction and other similar laws of general application
affecting the enforceability of remedies and rights of creditors and except that equitable remedies such as specific performance and injunction are in the discretion of a court. 

Section 4.03 No Conflicts. The execution, delivery and performance by the Seller of this Agreement will not conflict with or
result in any violation of or constitute a breach of any of the terms or provisions of, or result in the acceleration of any obligation under, or constitute a default under any provision of: (i) the Seller’s memorandum of association or
bye-laws; (ii) any Encumbrance, bond, indenture, agreement, contract, franchise license, permit or other instrument or obligation to which the Seller is a party or is subject or by which any of its assets or properties may be bound, including
the Financing Agreements; or (iii) any Applicable Laws. 

  
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 Section 4.04 No Consents. Except as have already been obtained or that will be
obtained prior to the Time of Closing, no consent, permit, approval or authorization of, notice or declaration to or filing with any Governmental Authority or any other Person, including those related to any Environmental Laws or regulations, is
required in connection with the execution and delivery by the Seller of this Agreement or the consummation by the Seller of the transactions contemplated hereunder. 

Section 4.05 Legal and Beneficial Title to Equity Interests; No Encumbrances. As of the date hereof, Seller is the record owner of
the Equity Interests and has legal and beneficial title to the Equity Interests, free and clear of any and all Encumbrances, other than any intercompany payables that will be extinguished pursuant to Section 2.05 and those arising under
the T-16 Credit Facility, and, upon (i) conveyance on the Closing Date of the certificates representing the Equity Interests and (ii) the updating of the Seadrill T-16 share register, the Buyer will receive, legal and beneficial title to
the Equity Interests, free and clear of any and all Encumbrances, other than those arising under the T-16 Credit Facility. 

Section 4.06 Common Units. The 3,310,622 Common Units being acquired by Seller pursuant to Section 2.01 are being acquired
solely for the account of Seller and not with a view to, or for resale in connection with, a distribution of all or any part thereof. Seller acknowledges and understands that the Common Units have not been registered under the Securities Act of
1933, as amended (the “1933 Act”), and therefore are subject to resale restrictions. Seller agrees to the placement of a legend on any Unit certificate or on the records of the transfer agent to the effect that the Common
Units may not be sold without registration under the 1933 Act or pursuant to an exemption from registration. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES OF 

THE SELLER REGARDING SEADRILL T-16 

The Seller represents and warrants to each of Seadrill Partners and the Buyer that as of the date hereof and on the Closing Date: 

Section 5.01 Organization; Good Standing and Authority of Seadrill T-16. Seadrill T-16 has been duly incorporated and is validly
existing in good standing under the laws of Bermuda and has all requisite corporate power and authority to own and operate its assets and conduct its business. No Insolvency Event has occurred with respect to Seadrill T-16 and no events or
circumstances have arisen that entitle or could entitle any person to take any action, appoint any person, commence proceedings or obtain any order instigating an Insolvency Event. Seadrill T-16 is qualified to do business, is in good standing and
has all required and appropriate licenses and authorizations in each jurisdiction in which its failure to obtain or maintain such qualification, good standing, licensing or authorization would have a material adverse effect on the condition
(financial or otherwise), assets, properties, business or prospects of Seadrill T-16. 
 Section 5.02 Capitalization; No
Options. The Equity Interests have been duly authorized and validly issued in accordance with the memorandum of association and bylaws of Seadrill T-16 (the “Seadrill T-16 Governing Documents”) and are fully paid and
non-assessable. 

  
 8 

 
There are not outstanding (i) any options, warrants or other rights to purchase any equity interests of Seadrill T-16, (ii) any securities convertible into or exchangeable for equity
interests of Seadrill T-16 or (iii) any other commitments of any kind for the issuance of equity interests of Seadrill T-16 or options, warrants or other securities of Seadrill T-16. 

Section 5.03 Seadrill T-16 Governing Documents. The Seller has supplied to the Buyer true and correct copies of the Seadrill T-16
Governing Documents, as amended to the Closing Date, and no amendments will be made to the Seadrill T-16 Governing Documents prior to the Closing Date without the prior written consent of the Buyer (such consent not to be unreasonably withheld).

 Section 5.04 Loan Documents; Validity of the T-16 Credit Facility. The Seller has supplied to the Buyer true and correct
copies of the T-16 Credit Facility and any related documents, as amended to the Closing Date. The T-16 Credit Facility is a valid and binding agreement of Seadrill T-16 enforceable against it in accordance with its terms and, to the knowledge of the
Seller, the T-16 Credit Facility is a valid and binding agreement of all other parties thereto enforceable against such parties in accordance with its terms, except as may be limited by bankruptcy, insolvency, liquidation, reorganization,
reconstruction and other similar laws of general application affecting the enforceability of remedies and rights of creditors and except that equitable remedies such as specific performance and injunction are in the discretion of a court. 

Section 5.05 No Conflicts. The execution, delivery and performance of this Agreement will not conflict with or result in any
violation of or constitute a breach of any of the terms or provisions of, or result in the acceleration of any obligation under, or constitute a default under any provision of: (i) the Seadrill T-16 Governing Documents; (ii) any
Encumbrance, bond, indenture, agreement, contract, franchise license, permit or other instrument or obligation to which Seadrill T-16 is a party or is subject or by which any of its assets or properties may be bound; (iii) any Applicable Laws;
or (iv) give any other party thereto a right to terminate any agreement or other instrument to which Seadrill T-16 is a party or by which it is bound including the T-16 Credit Facility. 

Section 5.06 Title to Rig; Encumbrances. Seadrill T-16 now has, and at the Time of Closing will have, good and marketable title to
the Rig and its equipment, free and clear of any and all Encumbrances, other than any intercompany payables that will be extinguished pursuant to Section 2.05 and those arising under the T-16 Credit Facility and permitted encumbrances under the
T-16 Credit Facility. As of the date hereof, there is $93,100,000 of borrowings outstanding under the T-16 Credit Facility attributable to the Rig. 

Section 5.07 Litigation. 

(a) There is no action, suit or proceeding to which Seadrill T-16 is a party (either as a plaintiff or defendant), or to which the Rig is
subject, pending before any court or governmental agency, authority or body or arbitrator; there is no action, suit or proceeding threatened against Seadrill T-16 or the Rig; and, to the best knowledge of the Seller, there is no basis for any such
action, suit or proceeding; 

  
 9 

 (b) Seadrill T-16 has not been permanently or temporarily enjoined by any order, judgment or
decree of any court or any governmental agency, authority or body from engaging in or continuing any conduct or practice in connection with its business, assets or properties; and 

(c) There is not in existence any order, judgment or decree of any court or other tribunal or other agency enjoining or requiring Seadrill
T-16 to take any action of any kind with respect to its business, assets or properties. 
 Section 5.08 Indebtedness to and from
Officers, etc. Seadrill T-16 will not be indebted, directly or indirectly, to any person who is an officer, director, stockholder or employee of the Seller or any spouse, child, or other relative or any affiliate of the Seller, nor shall any
such officer, director, stockholder, employee, relative or affiliate be indebted to Seadrill T-16. 
 Section 5.09 Personnel.
Seadrill T-16 has no employees. All crew members with respect to the Rig are provided directly or indirectly by the Manager. 

Section 5.10 Contracts and Agreements. All material contracts and agreements, written or oral, to which Seadrill T-16 is a party
or by which any of its assets are bound, including the T-16 Credit Facility and the Rig Rental Agreement between Seadrill UK Limited and SIL dated December 10, 2012 and the Rig Rental Agreement between Seadrill T-16 and Seadrill UK Limited
dated December 10, 2012 (the “Seadrill T-16 Contracts”), have been disclosed to the Buyer. 
 (a) Each of the
Seadrill T-16 Contracts is a valid and binding agreement of Seadrill T-16 enforceable against it in accordance with its terms, and to the knowledge of the Seller, each of the Seadrill T-16 Contracts is a valid and binding agreement of all other
parties thereto enforceable against such parties in accordance with their terms, except as may be limited by bankruptcy, insolvency, liquidation, reorganization, reconstruction and other similar laws of general application affecting the
enforceability of remedies and rights of creditors and except that equitable remedies such as specific performance and injunction are in the discretion of a court; 

(b) Seadrill T-16 has fulfilled all material obligations required pursuant to the Seadrill T-16 Contracts to have been performed by it prior
to the date hereof and has not waived any material rights thereunder; and 
 (c) There has not occurred any material default on the part of
Seadrill T-16 under any of the Seadrill T-16 Contracts, or to the knowledge of the Seller, on the part of any other party thereto, nor has any event occurred that with the giving of notice or the lapse of time, or both, would constitute any material
default on the part of Seadrill T-16 under any of the Contracts nor, to the knowledge of the Seller, has any event occurred that with the giving of notice or the lapse of time, or both, would constitute any material default on the part of any other
party to any of the Seadrill T-16 Contracts. 
 Section 5.11 Compliance with Law. The conduct of business by Seadrill T-16 or
the Rig on the date hereof does not violate any Applicable Laws (including any of the foregoing 

  
 10 

 
relating to employment discrimination, environmental protection or conservation, and the provisions of all international conventions and the rules and regulations issued thereunder applicable to
the Rig), the enforcement of which would materially and adversely affect the business, assets, condition (financial or otherwise) or prospects of Seadrill T-16, nor has Seadrill T-16 received any notice of any such violation. 

Section 5.12 No Undisclosed Liabilities. Neither Seadrill T-16 nor the Rig has any Encumbrances, or other liabilities or
obligations of any nature, whether absolute, accrued, contingent or otherwise, and whether due or to become due (including any liability for Taxes and interest, penalties and other charges payable with respect to any such liability or obligation),
except for such liabilities or obligations arising under the Seadrill T-16 Contracts or the Drilling Contract. 
 Section 5.13
Disclosure of Information. The Seller has disclosed to the Buyer all material information on, and about, Seadrill T-16 and the Rig and all such information is true, accurate and not misleading in any material respect. Nothing has been
withheld from any materials provided by the Seller to the Buyer in connection with the transactions contemplated by this Agreement that would render such information untrue or misleading. 

Section 5.14 Insurance. The insurance policies relating to the Rig are set forth on Schedule A hereto, each of which is in full
force and effect and, to the knowledge of the Seller, not subject to being voided or terminated for any reason. 
 Section 5.15 U.S.
Tax Classification. Seadrill T-16 has elected or prior to Closing will elect to be classified for United States federal income tax purposes as an entity disregarded as separate from Seller on a properly-completed Form 8832 filed with the
Internal Revenue Service. This election has been or will be made with an effective date prior to Closing. Once this election has been made, neither Seller nor Seadrill T-16 will take any action to change the U.S. federal income tax classification of
Seadrill T-16 from an entity disregarded as separate from Seller. 
 ARTICLE VI 

REPRESENTATIONS AND WARRANTIES OF 

THE SELLER REGARDING THE RIG 

The Seller represents and warrants to each of Seadrill Partners and the Buyer that on the date hereof and on the Closing Date: 

Section 6.01 Flag. The Rig is properly registered in the name of Seadrill T-16 under and pursuant to the flag and law of Panama
and all fees due and payable in connection with such registration have been paid. 
 Section 6.02 Classification. The Rig is
entered with American Bureau of Shipping and has the highest classification rating. The Rig is in class without any recommendations or notation as to class or other requirement of the relevant classification society, and if the Rig is in a port, it
is in such condition that it cannot be detained by any port state authority or the flag state authority for any deficiency. 

  
 11 

 Section 6.03 Maintenance. The Rig has been maintained in a proper and
efficient manner in accordance with internationally accepted standards for good rig maintenance, is in good operating order, condition and repair and is seaworthy and all repairs made to the Rig since its delivery from the shipyard in April 2013 and
all known scheduled repairs due to be made and all known deficiencies have been disclosed to the Buyer. 
 Section 6.04
Liens. The Rig is not (i) under arrest or otherwise detained, (ii) other than in the ordinary course of business, in the possession of any Person (other than her master and crew) or (iii) subject to a possessory lien.

 Section 6.05 No Blacklisting or Boycotts. No blacklisting or boycotting of any type has been applied or currently
exists against or in respect of the Rig. 
 Section 6.06 No Options. There are not outstanding any options or other
rights to purchase the Rig. 
 ARTICLE VII 

REPRESENTATIONS AND WARRANTIES OF SEADRILL PARTNERS 

Seadrill Partners represents and warrants to the Seller that as of the date hereof and on the Closing Date: 

Section 7.01 Organization; Good Standing and Authority. Seadrill Partners has been duly formed and is validly existing and
in good standing under the laws of the Republic of the Marshall Islands and has all requisite limited liability company power and authority to own and operate its assets and conduct its business as described in its 1934 Act Filings. No Insolvency
Event has occurred with respect to Seadrill Partners and no events or circumstances have arisen that entitle or could entitle any person to take any action, appoint any person, commence proceedings or obtain any order instigating an Insolvency
Event.  
 Section 7.02 Authority and Authorization; Execution and Delivery of this Agreement. Seadrill Partners
has the full right, power and authority to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement and all documents, instruments and agreements required to be executed and delivered by
Seadrill Partners pursuant to this Agreement in connection with the completion of the transactions contemplated by this Agreement, have been duly authorized by all necessary action on its part, and this Agreement has been duly executed and delivered
by Seadrill Partners and constitutes a legal, valid and binding obligation of Seadrill Partners enforceable against it in accordance with its terms, except as may be limited by bankruptcy, insolvency, liquidation, reorganization, reconstruction and
other similar laws of general application affecting the enforceability of remedies and rights of creditors and except that equitable remedies such as specific performance and injunction are in the discretion of a court.  

Section 7.03 No Conflicts. The execution, delivery and performance by Seadrill Partners of this Agreement will not conflict with
or result in any violation of or constitute a breach of any of the terms or provisions of, or result in the acceleration of any obligation under, 

  
 12 

 
or constitute a default under any provision of: (i) the Seadrill Partners Operating Agreement; (ii) any Encumbrance, bond, indenture, agreement, contract, franchise license, permit or
other instrument or obligation to which Seadrill Partners is a party or is subject or by which any of its assets or properties may be bound, including the Financing Agreements; or (iii) any Applicable Laws. 

Section 7.04 No Consents. Except as have already been obtained or that will be obtained prior to the Time of Closing, no
consent, permit, approval or authorization of, notice or declaration to or filing with any Governmental Authority or any other Person, including those related to any Environmental Laws or regulations, is required in connection with the execution and
delivery by Seadrill Partners of this Agreement or the consummation by Seadrill Partners of the transactions contemplated hereunder. 

Section 7.05 Common Units. At Closing, the 3,310,622 Common Units to be issued to the Seller pursuant to Section 2.01
will be duly authorized and validly issued in accordance with the Seadrill Partners Operating Agreement and will be fully paid (to the extent required under the Seadrill Partners Operating Agreement) and nonassessable (except as such assessability
may be affected by Sections 20, 31, 40 and 49 of the Marshall Islands LLC Act). 
 ARTICLE VIII 

PRE-CLOSING MATTERS 

Section 8.01 Covenants of the Seller Prior to the Closing. From the date of this Agreement to the Closing Date, the Seller
shall cause Seadrill T-16 to conduct its business in the usual, regular and ordinary course in substantially the same manner as previously conducted. The Seller shall not permit Seadrill T-16 to enter into any material contracts or other material
written or oral agreements prior to the Closing Date, other than such contracts and agreements as have been disclosed to the Buyer prior to the date of this Agreement, without the prior consent of the Buyer (such consent not to be unreasonably
withheld). In addition, the Seller shall not permit Seadrill T-16 to take any action that would result in any of the conditions to the purchase and sale of the Equity Interests set forth in Article IX not being satisfied. Furthermore, the
Seller hereby agrees and covenants that it: 
 (a) shall cooperate with the Buyer and use its reasonable best efforts to obtain, at
or prior to the Closing Date, any consents required in respect of the transfer of the rights and benefits under each of the Seadrill T-16 Contracts as a result of the transfer of Equity Interests under this Agreement; 

(b) shall use its reasonable best efforts to take or cause to be taken promptly all actions and to do or cause to be done all things
necessary, proper and advisable to consummate and make effective as promptly as practicable the transaction contemplated by this Agreement and to cooperate with the Buyer in connection with the foregoing, including using all reasonable best efforts
to obtain all necessary consents, approvals and authorizations from each Governmental Authority and each other Person that are required to consummate the transaction contemplated under this Agreement; 

  
 13 

 (c) shall take or cause to be taken all necessary corporate action, steps and proceedings to
approve or authorize validly and effectively the purchase and sale of the Equity Interests and the execution, delivery and performance of this Agreement and the other agreements and documents contemplated hereby; 

(d) shall not amend, alter or otherwise modify or permit any amendment, alteration or modification of any material provision of or terminate
the Drilling Contract or any other Seadrill T-15 Contract prior to the Closing Date without the prior written consent of the Buyer, such consent not to be unreasonably withheld or delayed; 

(e) shall not exercise or permit any exercise of any rights or options contained in the Drilling Contract, without the prior written consent
of the Buyer, not to be unreasonably withheld or delayed; 
 (f) shall observe and perform in a timely manner, all of its covenants and
obligations under the Seadrill T-16 Contracts, if any, and in the case of a default by another party thereto, it shall forthwith advise the Buyer of such default and shall, if requested by the Buyer, enforce all of its rights under such Seadrill
T-16 Contracts, as applicable, in respect of such default; 
 (g) shall not cause or, to the extent reasonably within its control, permit
any Encumbrances to attach to the Rig other than in connection with the T-16 Credit Facility; and 
 (h) shall permit representatives of the
Buyer to make, prior to the Closing Date, at the Buyer’s risk and expense, such searches, surveys, tests and inspections of the Rig as the Buyer may deem desirable; provided, however, that such surveys, tests or inspections shall
not damage the Rig or interfere with the activities of the Seller or the Customer thereon and that the Buyer shall furnish the Seller with evidence that the Buyer has adequate liability insurance in full force and effect. 

Section 8.02 Covenant of the Buyer Prior to the Closing. The Buyer hereby agrees and covenants that during the period of
time after the date of the Agreement and prior to the Closing Date, the Buyer shall, in respect of the Equity Interests and the OPCO Units to be transferred on the Closing Date, take, or cause to be taken, to the extent not already taken, all
necessary limited liability company action, steps and proceedings to approve or authorize validly and effectively the purchase of the Equity Interests and the issuance of the OPCO Units and the execution, delivery and performance of this Agreement
and any other agreements and documents contemplated hereby. 
 Section 8.03 Covenant of Seadrill Partners Prior to the
Closing. Seadrill Partners hereby agrees and covenants that, during the period of time after the date of the Agreement and prior to the Closing Date, Seadrill Partners shall, in respect of the Common Units to be issued on the Closing Date, take,
or cause to be taken, to the extent not already taken, all necessary limited liability company action, steps and proceedings to approve or authorize validly and effectively the issuance of the Common Units and the execution, delivery and performance
of this Agreement and any other agreements and documents contemplated hereby. 

  
 14 

 ARTICLE IX 

CONDITIONS OF CLOSING 

Section 9.01 Conditions of the Parties. The obligation of the Seller to sell the Equity Interests and the obligation of the
Buyer to purchase the Equity Interests is subject to the satisfaction (or waiver by each of the Seller and the Buyer) on or prior to the Closing Date of the following conditions:  

(a) The Seller shall have received any and all written consents, permits, approvals or authorizations of any Governmental Authority or any
other Person (including with respect to the Seadrill T-16 Contracts and the Financing Agreements) and shall have made any and all notices or declarations to or filing with any Governmental Authority or any other Person, including those related to
any Environmental Laws or regulations, required in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereunder, including the transfer of the Equity Interests; 

(b) No legal or regulatory action or proceeding shall be pending or threatened by any Governmental Authority to enjoin, restrict or prohibit
the purchase and sale of the Equity Interests; 
 (c) The Seller and Seadrill T-16 shall have entered into the intercompany loan agreement
relating to the Rig substantially in the form set forth on Exhibit I hereto; and 
 (d) Seadrill Partners shall have received
approval for the issuance of 3,310,622 Common Units to Seller pursuant to Section 2.01 from the New York Stock Exchange. 

Section 9.02 Conditions of the Seller. The obligation of the Seller to sell the Equity Interests is subject to the
satisfaction (or waiver by the Seller) on or prior to the Closing Date of the following conditions: 
 (a) The representations and
warranties of each of the Buyer and Seadrill Partners made in this Agreement shall be true and correct in all material respects as of the Closing Date as though made on the Closing Date, except to the extent such representations and warranties
expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects, on and as of such earlier date); 

(b) The Buyer and Seadrill Partners shall have performed or complied in all material respects with all obligations and covenants required by
this Agreement to be performed or complied with by the Buyer or Seadrill Partners by the Closing Date; and 
 (c) All proceedings to be
taken in connection with the transactions contemplated by this Agreement and all documents incidental thereto shall be reasonably satisfactory in form and substance to the Seller and its counsel, and the Seller shall have received copies of all such
documents and other evidence as it may reasonably request in order to establish the consummation of such transactions and the taking of all proceedings in connection therewith. 

  
 15 

 Section 9.03 Conditions of the Buyer and Seadrill Partners. The obligation of
the Buyer to purchase and pay for the Equity Interests is subject to the satisfaction (or waiver by the Buyer and Seadrill Partners) on or prior to the Closing Date of the following conditions: 

(a) The representations and warranties of the Seller in this Agreement shall be true and correct in all material respects as of the Closing
Date as though made on the Closing Date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects, on and as of
such earlier date); 
 (b) The Seller shall have performed or complied in all material respects with all obligations and covenants required
by this Agreement to be performed or complied with by the Seller by the Closing Date; 
 (c) The results of the searches, surveys, tests and
inspections of the Rig referred to in Section 8.01(h) of this Agreement are reasonably satisfactory to the Buyer; and 
 (d) All
proceedings to be taken in connection with the transaction contemplated by this Agreement and all documents incidental thereto shall be reasonably satisfactory in form and substance to the Buyer and Seadrill Partners and their counsel, and the Buyer
and Seadrill Partners shall have received copies of all such documents and other evidence as they or their counsel may reasonably request in order to establish the consummation of such transaction and the taking of all proceedings in connection
therewith. 
 ARTICLE X 

TERMINATION, AMENDMENT AND WAIVER 

Section 10.01 Termination of Agreement. Notwithstanding anything to the contrary in this Agreement, this Agreement may be
terminated and the purchase and sale of the Equity Interests contemplated by this Agreement abandoned at any time prior to the Closing: 

(a) by mutual written consent of the Seller, Seadrill Partners and the Buyer; 

(b) by the Seller if any of the conditions set forth in Section 9.01 and Section 9.02 shall have become incapable of fulfillment,
and shall not have been waived by the Seller; or 
 (c) by the Buyer if any of the conditions set forth in Section 9.01 and
Section 9.03 shall have become incapable of fulfillment, and shall not have been waived by the Buyer; 
 provided, however, that the
Party seeking termination pursuant to clause (b) or (c) is not then in material breach of any of its representations, warranties, covenants or agreements contained in this Agreement. 

  
 16 

 Section 10.02 Amendments and Waivers. This Agreement may not be amended except
by an instrument in writing signed on behalf of each Party hereto. An instrument in writing by the Buyer, on the one hand, or the Seller, on the other hand, may waive compliance by the other with any term or provision of this Agreement that such
other Party was or is obligated to comply with or perform. 
 ARTICLE XI 

INDEMNIFICATION 

Section 11.01 Indemnity by the Seller. Following the Closing, the Seller shall be liable for, and shall indemnify, defend
and hold harmless the Buyer, Seadrill Partners and their respective officers, directors, employees, agents and representatives (the “Buyer Indemnitees”) from and against: 

(a) any Losses, suffered or incurred by such Buyer Indemnitee by reason of, arising out of or otherwise in respect of any inaccuracy in,
breach of any representation or warranty, or a failure to perform or observe fully any covenant, agreement or obligation of, the Seller in or under this Agreement or in or under any document, instrument or agreement delivered pursuant to this
Agreement by the Seller; and 
 (b) any fees, expenses or other payments incurred or owed by the Seller to any brokers, financial advisors
or comparable other persons retained or employed by it in connection with the transaction contemplated by this Agreement. 

Section 11.02 Indemnity by the Buyer and Seadrill Partners. Following the Closing, the Buyer and Seadrill Partners shall
indemnify the Seller and its affiliates, officers, directors, employees, agents and representatives (the “Seller Indemnitees”) against and hold them harmless from, any Losses, suffered or incurred by such Seller
Indemnitee by reason of, arising out of or otherwise in respect of any inaccuracy in, breach of any representation or warranty, or a failure to perform or observe fully any covenant, agreement or obligation of, the Buyer in or under this Agreement
or in or under any document, instrument or agreement delivered pursuant to this Agreement by the Buyer. 
 Section 11.03
Release from Indemnity for Losses under the Drilling Contract. In connection with the Purchase and Sale Agreement dated May 7, 2013 between Buyer and Seller, relating to the acquisition of the drilling unit T-15, Buyer and Seller agreed
that all risks and benefits of the Drilling Contract would remain with Seller unless and until Seller acquired the Rig. Seller and Buyer agree that following the Closing, Seller shall be released from its obligation to indemnify Buyer against Losses
under the Drilling Contract pursuant to Section 11.01(d) of the Purchase and Sale Agreement between Seadrill and the Company dated May 7, 2013. 

  
 17 

 ARTICLE XII 

MISCELLANEOUS 

Section 12.01 Further Assurances. From time to time after the date of this Agreement, and without any further
consideration, the Parties agree to execute, acknowledge and deliver all such additional deeds, assignments, bills of sale, conveyances, instruments, notices, releases, acquittances and other documents, and will do all such other acts and things,
all in accordance with Applicable Law, as may be necessary or appropriate (a) more fully to assure that the applicable Parties own all of the properties, rights, titles, interests, estates, remedies, powers and privileges granted by this
Agreement, or which are intended to be so granted, (b) more fully and effectively to vest in the applicable Parties and their respective successors and assigns beneficial and record title to the interests distributed, contributed and assigned
by this Agreement or intended so to be and (c) to more fully and effectively carry out the purposes and intent of this Agreement. 

Section 12.02 Powers of Attorney. 

(a) The Buyer hereby constitutes and appoints Georgina Sousa (the “Buyer Attorney-in-Fact”) as its true and lawful
attorney-in-fact with full power of substitution for it and in its name, place and stead or otherwise on behalf of the Buyer and its successors and assigns, and for the benefit of the Buyer Attorney-in-Fact to demand and receive from time to time
the Equity Interests and OPCO Units conveyed by this Agreement (or intended so to be) and to execute in the name of the Buyer and its successors and assigns instruments of conveyance, instruments of further assurance and to give receipts and
releases in respect of the same, and from time to time to institute and prosecute in the name of the Buyer for the benefit of the Buyer Attorney-in-Fact, any and all proceedings at law, in equity or otherwise which the Buyer Attorney-in-Fact may
deem proper in order to (a) collect, assert or enforce any claims, rights or titles of any kind in and to the Equity Interests and OPCO Units, (b) defend and compromise any and all actions, suits or proceedings in respect of any of the
Equity Interests and OPCO Units, and (c) do any and all such acts and things in furtherance of this Agreement as the Buyer Attorney-in-Fact shall deem advisable. The Buyer hereby declares that the appointment hereby made and the powers hereby
granted are coupled with an interest and are and shall be irrevocable and perpetual and shall not be terminated by any act of the Buyer or its successors or assigns or by operation of law. 

(b) Seller hereby constitutes and appoints Georgina Sousa (the “Seller Attorney-in-Fact”) as its true and lawful
attorney in fact with full power of substitution for it and in its name, place and stead or otherwise on behalf of Seller and its successors and assigns, and for the benefit of the Seller Attorney-in-Fact to demand and receive from time to time the
Equity Interests and Common Units conveyed by this Agreement (or intended so to be) and to execute in the name of Seller and its successors and assigns instruments of conveyance, instruments of further assurance and to give receipts and releases in
respect of the same, and from time to time to institute and prosecute in the name of Seller for the benefit of the Seller Attorney-in-Fact, any and all proceedings at law, in equity or otherwise which the Seller Attorney-in-Fact may deem proper in
order to (a) collect, assert or enforce any claims, rights or titles of any kind in and to the Equity Interests and such Common Units, (b) defend and compromise any and all actions, 

  
 18 

 
suits or proceedings in respect of any of the Equity Interests and such Common Units, and (c) do any and all such acts and things in furtherance of this Agreement as the Seller
Attorney-in-Fact shall deem advisable. Seller hereby declares that the appointment hereby made and the powers hereby granted are coupled with an interest and are and shall be irrevocable and perpetual and shall not be terminated by any act of Seller
or its successors or assigns or by operation of law. 
 (c) Seadrill Partners hereby constitutes and appoints Georgina Sousa
(“Seadrill Partners Attorney-in-Fact”) as its true and lawful attorney-in-fact with full power of substitution for it and in its name, place and stead or otherwise on behalf of Seadrill Partners and its successors and
assigns, and for the benefit of the Seadrill Partners Attorney-in-Fact to demand and receive from time to time the Common Units and OPCO Units conveyed by this Agreement (or intended so to be) and to execute in the name of Seadrill Partners and its
successors and assigns instruments of conveyance, instruments of further assurance and to give receipts and releases in respect of the same, and from time to time to institute and prosecute in the name of Seadrill Partners for the benefit of the
Seadrill Partners Attorney-in-Fact, any and all proceedings at law, in equity or otherwise which the Seadrill Partners Attorney-in-Fact may deem proper in order to (a) collect, assert or enforce any claims, rights or titles of any kind in and
to such Common Units and OPCO Units, (b) defend and compromise any and all actions, suits or proceedings in respect of any of the Common Units and OPCO Units, and (c) do any and all such acts and things in furtherance of this Agreement as
the Seadrill Partners Attorney-in-Fact shall deem advisable. Seadrill Partners hereby declares that the appointment hereby made and the powers hereby granted are coupled with an interest and are and shall be irrevocable and perpetual and shall not
be terminated by any act of Seadrill Partners or its successors or assigns or by operation of law. 
 Section 12.03 Headings;
References; Interpretation. All Article and Section headings in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or construction of any of the provisions hereof. The words “hereof,”
“herein” and “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement. All references herein to Articles and Sections
shall, unless the context requires a different construction, be deemed to be references to the Articles and Sections of this Agreement, respectively. All personal pronouns used in this Agreement, whether used in the masculine, feminine or neuter
gender, shall include all other genders, and the singular shall include the plural and vice versa. The use herein of the word “including” following any general statement, term or matter shall not be construed to limit such statement, term
or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation,” “but not limited to,” or words of similar
import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that could reasonably fall within the broadest possible scope of such general statement, term or matter.  

Section 12.04 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties and
their respective successors and assigns.  
 Section 12.05 No Third Party Rights. The provisions of this Agreement
are intended to bind the Parties as to each other and are not intended to and do not create rights in any other person or confer upon any other person any benefits, rights or remedies and no person is or is intended to be a third party beneficiary
of any of the provisions of this Agreement.  

  
 19 

 Section 12.06 Counterparts. This Agreement may be executed in any number of
counterparts, all of which together shall constitute one agreement binding on the Parties hereto. 
 Section 12.07 Governing
Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, United States of America, applicable to contracts made and to be performed wholly within such jurisdiction without giving effect to
conflict of law principles thereof other than Section 5-1401 of the New York General Obligations Law, except to the extent that it is mandatory that the law of some other jurisdiction, wherein the Equity Interests are located, shall apply. 

Section 12.08 Severability. If any of the provisions of this Agreement are held by any court of competent jurisdiction to
contravene, or to be invalid under, the laws of any governmental body having jurisdiction over the subject matter hereof, such contravention or invalidity shall not invalidate the entire Agreement. Instead, this Agreement shall be construed as if it
did not contain the particular provision or provisions held to be invalid, and an equitable adjustment shall be made and necessary provision added so as to give effect, as nearly as possible, to the intention of the Parties as expressed in this
Agreement at the time of execution of this Agreement. 
 Section 12.09 Integration. This Agreement, the Schedules hereto
and the instruments referenced herein supersede all previous understandings or agreements among the Parties, whether oral or written, with respect to its subject matter hereof. This Agreement, the Schedules hereto and the instruments referenced
herein contain the entire understanding of the Parties with respect to the subject matter hereof and thereof. No understanding, representation, promise or agreement, whether oral or written, is intended to be or shall be included in or form part of
this Agreement unless it is contained in a written amendment hereto executed by the Parties hereto after the date of this Agreement.  

Section 12.10 No Broker’s Fees. No one is entitled to receive any finder’s fee, brokerage, or other commission in
connection with the purchase of the Equity Interests or the consummation of the transactions contemplated by this Agreement. 

Section 12.11 Notices. All notices, requests or consents provided for or permitted to be given pursuant to this Agreement
must be in writing and must be given by depositing the same in the mail, addressed to the Person to be notified, postpaid, and registered or certified with return receipt requested or by delivering such notice in person or by private-courier,
prepaid, or by telecopier to such party. Notice given by personal delivery or mail shall be effective upon actual receipt. Couriered notices shall be deemed delivered on the date the courier represents that delivery will occur. Notice given by
telecopier shall be effective upon actual receipt if received during the recipient’s normal business hours, or at the beginning of the recipient’s next Business Day after receipt if not received during the recipient’s normal business
hours. All notices to be sent to a Party pursuant to this Agreement shall be sent to or made at the address set forth below such Party’s signature to this Agreement, or at such other address as such Party may stipulate to the other Party in the
manner provided in this Section 12.11. 

  
 20 

 [Signature Pages Follow] 

SIGNATURE PAGE TO 

PURCHASE AND SALE AGREEMENT 

 IN WITNESS HEREOF, each of the Parties hereto has caused this Agreement to be signed as of the
date first above written. 
  

			
	SEADRILL LIMITED
		
	By:	 	 /s/ Rune Magnus Lundetræ

	Name:	 	 Rune Magnus Lundetræ

	Title:	 	 CFO

	
	Address for Notice:
	
	Par-la-Ville Place,
	14 Par-la-Ville Road
	Hamilton, HM08
	Bermuda
	Phone: (441) 295-6935
	Fax: (441) 295-3494
	Attention: Georgina Sousa
	
	SEADRILL PARTNERS LLC
		
	By:	 	 /s/ Graham Robjohns

	Name:	 	 Graham Robjohns

	Title:	 	 CEO

	
	Address for Notice:
	
	2nd Floor, Building 11
	Chiswick Business Park
	566 Chiswick High Road
	London, W4 5YS
	United Kingdom
	Attention: Graham Robjohns, CEO

  

SIGNATURE PAGE TO 

PURCHASE AND SALE AGREEMENT 

 
			
	SEADRILL PARTNERS OPERATING LLC
		
	By:	 	 /s/ Graham Robjohns

	Name:	 	 Graham Robjohns

	Title:	 	  

	
	Address for Notice:
	
	Par-la-Ville Place, 4th Floor
	14 Par-la-Ville Road
	Hamilton HM 08
	Bermuda
	Phone: (441) 295-6935
	Fax: (441) 295-3494
	Attention: Georgina Sousa

  

SIGNATURE PAGE TO 

PURCHASE AND SALE AGREEMENT 

 SCHEDULE A 

INSURANCE 

  
 SCHEDULE A TO

 PURCHASE AND SALE AGREEMENT 

1 

 EXHIBIT I 

FORM OF T-16 INTERCOMPANY LOAN AGREEMENT 

  

EXHIBIT I TO 

PURCHASE AND SALE AGREEMENT 

I-1

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