Document:

EX-10.6

 Exhibit 10.6 
  

			
	

	  	CLIFFORD CHANCE LLP

 EXECUTION VERSION 

DATED 26 AUGUST 2022 
 THE
DRILLING COMPANY OF 1972 A/S 
 THE COMPANY 

THE RIG OWNERS NAMED HEREIN 
 AS
RIG OWNERS 
 THE MATERIAL INTRA-GROUP CHARTERERS NAMED HEREIN 

AS MATERIAL INTRA-GROUP CHARTERERS 

THE FINANCIAL INSTITUTIONS NAMED HEREIN 

AS HEDGE COUNTERPARTIES 
 DNB BANK
ASA 
 ACTING AS AGENT 
 AND 

DNB BANK ASA 
 ACTING AS SECURITY
AGENT 
  
  

AMENDMENT AGREEMENT RELATING TO A USD 

1,550,000,000 TERM AND REVOLVING FACILITIES 

AGREEMENT DATED 6 DECEMBER 2018 
  

 

 CONTENTS 
  

					
	Clause	  	Page	 
	 1. Definitions and Interpretation
	  	 	1	 
		
	 2. Representations
	  	 	2	 
		
	 3. Amendment and Waiver
	  	 	2	 
		
	 4. Continuity and Security Confirmations
	  	 	3	 
		
	 5. Fees, Costs and Expenses
	  	 	3	 
		
	 6. Miscellaneous
	  	 	4	 
		
	 7. Governing Law
	  	 	5	 
		
	 Schedule 1 The Obligors
	  	 	6	 
		
	 Schedule 2 Conditions Precedent
	  	 	7	 
		
	 Schedule 3 Amendments to Original Facility Agreement
	  	 	9	 
		
	 Part I Initial Amendments
	  	 	9	 
		
	 Part II Effective Date Amendments
	  	 	11	 
		
	 Schedule 4 Form of Effective Date Notice
	  	 	14	 
		
	 Schedule 5 Form of UK TopCo Guarantee
	  	 	16	 

  

  
 - i - 

 THIS AGREEMENT is dated 26 August 2022 and made between: 

 

	(1)	 THE DRILLING COMPANY OF 1972 A/S (the “Company”); 

 

	(2)	 THE SUBSIDIARIES of the Company listed in Schedule 1 (The Obligors) as rig owners (the
“Rig Owners”); 

  

	(3)	 THE SUBSIDIARIES of the Company listed in Schedule 1 (The Obligors) as material intra-group
charterers (the “Material Intra-Group Charterers”); 

  

	(4)	 MAERSK DRILLING A/S, a company incorporated under the laws of Denmark, having its registered office at
Lyngby Hovedgade 85, 200 Kgs. Lyngby, Denmark, with CVR no. 32673821 (“Maersk Drilling”); 

  

	(5)	 DNB BANK ASA as agent of the other Finance Parties (the “Agent”);

  

	(6)	 DNB BANK ASA as security trustee for the Secured Parties (the “Security Agent”);
and 

  

	(7)	 THE FINANCIAL INSTITUTIONS named on the signing pages as Hedge Counterparties (the “Hedge
Counterparties”). 

 IT IS AGREED as follows: 
  

	1.	 DEFINITIONS AND INTERPRETATION 

 

	1.1	 Definitions 

In this Agreement: 

“Amended Facility Agreement” means the Original Facility Agreement, as amended by this Agreement. 

“Effective Date” means the date of the Effective Date Notice. 

“Effective Date Notice” means a notice in the form set out in in Schedule 4 (Form of Effective Date Notice). 

“Guarantee Obligations” means the guarantee and indemnity obligations of a Guarantor contained in the Original Facility
Agreement. 
 “Guarantor” means each of the Company, each Rig Owner and each Material Intra-Group Charterer. 

“Original Facility Agreement” means the term and revolving facilities agreement dated 6 December 2018 between, among
others, the Company, the Rig Owners, the Material Intra-Group Charterers, the financial institutions listed therein as Lenders, the Agent and the Security Agent, as amended and supplemented from time to time prior to the date of this Agreement. 

  
 - 1 - 

 “Takeover” means the consummation of the Closing Date pursuant to, and as
defined in, the business combination agreement dated 10 November 2021 between, among others, the Company and UK TopCo. 
 “UK
TopCo” means Noble Corporation plc, a public limited company incorporated in England and Wales with company number 12958050 and any successor entity thereto. 

“UK TopCo Guarantee” means the guarantee to be executed by UK TopCo in favour of the Security Agent (for and on behalf of
itself, each Finance Party and each Hedge Counterparty), in the form set out at Schedule 5 (Form of UK TopCo Guarantee). 
  

	1.2	 Incorporation of defined terms 

 

	 	(a)	 Unless a contrary indication appears, a term defined in the Original Facility Agreement has the same meaning in
this Agreement. 

  

	 	(b)	 The principles of construction set out in the Original Facility Agreement shall have effect as if set out in
this Agreement. 

  

	1.3	 Clauses 

In this Agreement any reference to a “Clause” or a “Schedule” is, unless the context otherwise requires, a reference to a
Clause in or a Schedule to this Agreement. 
  

	1.4	 Third party rights 

A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy the
benefit of any term of this Agreement. 
  

	1.5	 Designation 

In accordance with the Original Facility Agreement, each of the Company and the Agent designates this Agreement as a Finance Document. 

 

	2.	 REPRESENTATIONS 

The Repeating Representations are deemed to be made by each Obligor (by reference to the facts and circumstances then existing) on the date of
this Agreement, and references to Finance Documents in the Repeating Representations should be construed as references to this Agreement. 
  

	3.	 AMENDMENT AND WAIVER 

 

	3.1	 Amendment of the Original Facility Agreement 

 

	 	(a)	 With effect on and from the date of this Agreement, the Original Facility Agreement shall be amended as set out
in Part I (Initial Amendments) of Schedule 3 (Amendments to Original Facility Agreement). 

  
 - 2 - 

	 	(b)	 With effect on and from the Effective Date, the Amended Facility Agreement shall be further amended as set out
in Part II (Effective Date Amendments) of Schedule 3 (Amendments to Original Facility Agreement). 

  

	3.2	 Effective Date and conditions precedent 

 

	 	(a)	 The Agent shall notify the Company and the Lenders promptly upon receipt by the Agent of each of the documents
and evidence listed in Schedule 2 (Conditions Precedent) in a form and substance reasonably satisfactory to the Agent (having regard to the requirements for the forms of such documents and evidence specified in Schedule 2 (Conditions
Precedent) (where specified)). 

  

	 	(b)	 The Company shall (and shall procure that UK TopCo shall) promptly execute and deliver to the Agent the
Effective Date Notice on the date the Takeover is completed or, if later, the date on which the Company receives the Agent’s notification under Clause 3.2(a). 

 

	4.	 CONTINUITY AND SECURITY CONFIRMATIONS 

 

	4.1	 Continuing obligations 

The provisions of the Original Facility Agreement and the other Finance Documents shall, save as amended by this Agreement, continue in full
force and effect. 
  

	4.2	 Confirmation of Guarantee Obligations 

For the avoidance of doubt, each Guarantor confirms for the benefit of the Finance Parties that all Guarantee Obligations owed by it under the
Amended Facility Agreement shall (a) remain in full force and effect notwithstanding the amendments referred to in Clause 3.1 (Amendment of the Original Facility Agreement), and (b) extend to any new obligations assumed by
any Obligor under the Finance Documents as a result of this Agreement (including, but not limited to, under the Amended Facility Agreement). 
  

	4.3	 Confirmation of Security 

For the avoidance of doubt, each Obligor and Maersk Drilling confirms for the benefit of the Finance Parties that the Security created by it
pursuant to each Security Document to which it is a party shall (a) remain in full force and effect notwithstanding the amendments referred to in Clause 3.1 (Amendment of the Original Facility Agreement), and (b) continue to
secure its Secured Obligations under the Finance Documents as amended (including, but not limited to, under the Amended Facility Agreement). 
  

	5.	 FEES, COSTS AND EXPENSES 

 

	5.1	 Transaction expenses 

The Company shall within five Business Days of demand (provided that such demand is accompanied by sufficient information to make the relevant
payment) pay the Agent and the Security Agent the amount of all pre-agreed external legal fees reasonably 

  
 - 3 - 

 
incurred by any of them in connection with the negotiation, preparation, printing and execution of this Agreement and any other documents referred to in this Agreement. 

 

	5.2	 Amendment fee 

On the Effective Date (or, if that date is not a Business Day, on the next Business Day thereafter), the Company shall pay to the Agent (for
the account of each Lender) an amendment fee in the Base Currency equal to zero point five per cent. (0.5%) of the relevant Lender’s Commitments outstanding as at the Effective Date. 

 

	6.	 MISCELLANEOUS 

 

	6.1	 UK TopCo Guarantee – appointment of the Security Agent 

Each of the Agent (for and on behalf of itself and the other Finance Parties) and each Hedge Counterparty (a) appoints the Security Agent
as its agent under and in connection with the UK TopCo Guarantee, and (b) authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given
to the Security Agent under or in connection with the UK TopCo Guarantee together with any other incidental rights, powers, authorities and discretions, in each case, subject to the provisions of clause 15 (The Security Agent) (other than
clause 15.1 (Security Agent as trustee) of the Intercreditor Agreement as if references in those clauses to a “Debt Document” included a reference to the UK TopCo Guarantee. 

 

	6.2	 UK TopCo Guarantee – role of UK TopCo 

Notwithstanding the provision of the UK TopCo Guarantee, UK TopCo shall not constitute a Guarantor or an Obligor or (for the avoidance of any
doubt) a member of the Group and the UK TopCo Guarantee shall not constitute a Finance Document, in each case, for the purpose of any Finance Document, provided that, from the Effective Date and for the purposes of clauses 27.1 (Non-payment), 27.7 (Insolvency), 27.8 (Insolvency proceedings), 27.9 (Creditors’ process), 40 (Amendments and Waivers), 41 (Confidential Information) and the definition of
“Confidential Information” of the Amended Facility Agreement only, references to “Obligor” and “Group” shall be deemed to include a reference to UK TopCo in such clauses and definition, and references to a “Finance
Document” shall be deemed to include the UK TopCo Guarantee in such clauses and definition. 
  

	6.3	 Incorporation of terms 

The provisions of clause 36 (Notices), clause 38 (Partial invalidity), clause 39 (Remedies and waivers) and
clause 46 (Enforcement) of the Original Facility Agreement shall be incorporated into this Agreement as if set out in full in this Agreement and as if references in those clauses to “this Agreement” or “the Finance
Documents” are references to this Agreement. 
  

	6.4	 Counterparts 

This Agreement may be executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts were on a
single copy of this Agreement. 

  
 - 4 - 

	6.5	 Entire agreement 

Except in relation to each consent letter executed between a Finance Party and/or Hedge Counterparty and the Company in respect of the matters
set out in this Agreement, this Agreement constitutes the entire agreement between the Obligors, the Finance Parties and the Hedge Counterparties in relation to the matters contained herein and supersedes any previous agreement, whether express or
implied, regarding the matters contained herein. 
  

	7.	 GOVERNING LAW 

This Agreement and any non-contractual obligations arising out of or in connection with it are governed
by English law. 
 This Agreement has been entered into on the date stated at the beginning of this Agreement. 

  
 - 5 - 

 SCHEDULE 1 

THE OBLIGORS 
  

			
	Name of Rig Owner	  	Registration number (or equivalent, if any)
		
	Maersk Drilling Holdings Singapore Pte. Ltd.	  	201026664E
		
	Maersk Highlander UK Ltd	  	10195411
		
	Maersk Drilling International A/S	  	34081182
		
	Maersk Drillship I Singapore Pte. Ltd.	  	201321036K
		
	Name of Material Intra-Group Charterer	  	Registration number (or equivalent, if any)
		
	Maersk Highlander UK Limited, Singapore Branch	  	T17FC0094A
		
	Maersk Drilling Services A/S	  	24206998
		
	Maersk Invincible Norge A/S	  	35230335
		
	Maersk Reacher Operations AS	  	921 289 510
		
	Maersk Drilling Australia Pty. Ltd.	  	ACN 106 414 108

  
 - 6 - 

 SCHEDULE 2 

CONDITIONS PRECEDENT 
  

	1.	 Obligors 

  

	 	(a)	 A copy of the constitutional documents of each Obligor and Maersk Drilling or a certificate of an authorised
signatory of each relevant Obligor and Maersk Drilling certifying that the constitutional documents previously delivered to the Agent in connection with the Original Facility Agreement have not been amended and remain in full force and effect.

  

	 	(b)	 A copy of a resolution of the board of directors of each Obligor and Maersk Drilling: 

 

	 	(i)	 approving the terms of, and the transactions contemplated by, this Agreement and resolving that it execute this
Agreement; and 

  

	 	(ii)	 authorising a specified person or persons to execute this Agreement on its behalf, 

substantially in the latest form provided to the Lenders by each Obligor and Maersk Drilling under or in connection with the Finance Documents.

  

	 	(c)	 A specimen of the signature of each person authorised by the resolution referred to in paragraph
(b) above. 

  

	 	(d)	 A certificate of an authorised signatory of the relevant Obligor and Maersk Drilling certifying that each copy
document relating to it specified in this paragraph 1 is correct, complete and in full force and effect as at a date no earlier than the date of this Agreement, substantially in the latest form provided to the Lenders by each Obligor under or in
connection with the Finance Documents. 

  

	2.	 Supplemental Security  

A copy of each of the following Security Documents, expressed to be second ranking, duly executed by Maersk Highlander UK Ltd and, if required,
the Security Agent: 
  

	 	(a)	 in respect of the Collateral Rig “Maersk Highlander”: 

 

	 	(i)	 Deed of Covenants; and 

 

	 	(ii)	 Insurance Assignment; and 

 

	 	(b)	 Account Charge, 

and, in each case, any notice or other document required to be provided under each such Security Document. 

 

	3.	 UK TopCo 

 

	 	(a)	 Certified copies of the constitutional documents of the UK TopCo. 

  
 - 7 - 

	 	(b)	 A copy of a resolution of the board of directors of UK TopCo: 

 

	 	(i)	 approving the terms of, and the transactions contemplated by, the UK TopCo Guarantee and resolving that it
execute the UK TopCo Guarantee; and 

  

	 	(ii)	 authorising a specified person or persons to execute the UK TopCo Guarantee on its behalf.

  

	 	(c)	 A certificate of an authorised signatory of the UK TopCo certifying that each copy document relating to it
specified in this paragraph 3 is correct, complete and in full force and effect as at a date no earlier than the date of this Agreement, in the latest form provided to the Lenders by UK TopCo under or in connection with the Finance Documents.

  

	 	(d)	 A copy of the UK TopCo Guarantee executed by UK TopCo. 

 

	4.	 Legal Opinions 

Each of: 
  

	 	(a)	 a legal opinion of Watson Farley & Williams LLP, legal advisers to the Agent in England, as to the
capacity of the Obligor incorporated in England and Wales and UK TopCo to enter into this Agreement or the UK TopCo Guarantee (as applicable) and the enforceability of this Agreement, the UK TopCo Guarantee and the supplemental Security Documents
referred to in paragraph 2 of this Schedule 2; 

  

	 	(b)	 a legal opinion of Wong Tan & Molly Lim LLC, formal law alliance partner of Watson Farley &
Williams Singapore, legal advisers to the Agent in Singapore, as to the capacity of each Obligor incorporated in Singapore to enter into this Agreement; 

  

	 	(c)	 a legal opinion of Kromann Reumert, legal advisers to the Agent in Denmark, as to the capacity of each Obligor
incorporated in Denmark to enter into this Agreement; 

  

	 	(d)	 a legal opinion of Wikborg Rein Advokatfirma AS, legal advisers to the Agent in Norway, as to the capacity of
the Obligor incorporated in Norway to enter into this Agreement; and 

  

	 	(e)	 a legal opinion of HWL Ebsworth Lawyers, legal advisers to the Agent in Australia, as to the capacity of the
Obligor incorporated in Australia to enter into this Agreement, 

 in each case, substantially in the latest form of such
opinion provided to the Lenders by such legal adviser under or in connection with the Finance Documents (with such changes as a required due to changes in law or such legal adviser’s internal policies). 

  
 - 8 - 

 SCHEDULE 3 

AMENDMENTS TO ORIGINAL FACILITY AGREEMENT 

PART I 
 INITIAL
AMENDMENTS 
  

	1.	 Definitions 

Clause 1.1 (Definitions) shall be amended as follows: 
  

	 	(a)	 the definition of “ECA Lender” shall be deleted in its entirety and replaced with the following:

 “”ECA Lender” means Eksportfinansiering Norge.”; and 

 

	 	(b)	 the definitions of “ECA Guarantor” and “GIEK Guarantee” and all references to such terms in
the Facility Documents shall be deleted. 

  

	2.	 Merger of ECA Guarantor and ECA Lender 

 

	2.1	 Clauses 1.4(b), 11.6 (Mandatory prepayment – Cessation of GIEK Guarantee), 22 (GIEK
Guarantee), 28.3(b) and 28.4(b) shall be deleted and replace with the words “[Intentionally omitted]”. 

  

	2.2	 Clause 15.5 (ECA Guarantee Commission) shall be deleted in its entirety and replaced with the following:

 “15.5 ECA risk premium 

The Company shall pay to the ECA Lender a risk premium in the amount and at the times agreed in the fee letter between the Company and the ECA
Lender dated 17 June 2022.”. 
  

	2.3	 Clause 28.2 (Company consent) shall be deleted in its entirety and replaced with the following:

 “28.2 Company consent 
  

	 	(a)	 Subject to Clause 28.9 (Sub-participations), the consent of the
Company is required for an assignment, transfer, sub-participation or sub-contract by an Existing Lender, unless the assignment, transfer,
sub-participation or sub-contract is made by the Existing Lender: 

  

	 	(i)	 to another Lender or an Affiliate of any Lender; or 

 

	 	(ii)	 at a time when an Event of Default is continuing. 

 

	 	(b)	 The consent of the Company to an assignment, transfer,
sub-participation or sub-contract must not be unreasonably withheld or delayed. The Company will be deemed to have given its consent ten Business Days after the Existing
Lender has requested it unless consent is expressly refused by the Company within that time.” 

  
 - 9 - 

	2.4	 Clause 31.18(a) shall be deleted in its entirety and replaced with the following: 

 

	 	“(a)	 The Agent shall as agent for the ECA Lender have the following duties: 

 

	 	(i)	 to inform the Company of interest, instalments and other amounts due from the Company to the ECA Lender, and
fees due from the Company to the ECA Lender in accordance with Clause 15.5 (ECA risk premium); 

  

	 	(ii)	 to notify the ECA Lender of any non-payment of any principal, interest,
fees or other amount payable to the ECA Lender under this Agreement; 

  

	 	(iii)	 to notify the ECA Lender (i) of any failure by the Company to deliver the documents required to be
delivered under Clause 24.1 (Financial Statements) or Clause 24.2 (Compliance Certificate), (ii) in the event any of the insurances required to be maintained under paragraph 1.2 (Maintenance of Insurances) of Part II of Schedule
17 (Collateral Rigs and Insurance Undertakings) reaches its expiry date without relevant evidence of renewal being presented to it as Agent, and (iii) to forward to the ECA Lender the original or a copy of any document which is delivered
to it as Agent by or on behalf of the insurers, hereunder any notice of non-renewal of the relevant insurances; 

  

	 	(iv)	 to forward to the ECA Lender the original or a copy of any document which is delivered to the Agent for the ECA
Lender by the Company; 

  

	 	(v)	 unless otherwise instructed by the Majority Lenders, request from the Company that any non-compliance contemplated by (ii) or (iii) above be immediately remedied (if capable of remedy); and 

  

	 	(vi)	 to keep and hold the originals of the Security Documents.” 

 

	2.5	 Clause 40.3(b) shall be deleted in its entirety and replaced with the following: 

 

	 	“(b)	 An amendment or waiver of any term of any Finance Document that has the effect of changing or which relates to
Clause 11.5 (Mandatory prepayment – Refinancing of Facility A) shall not be made without the prior consent of the ECA Lender.” 

  

	2.6	 Part II (The Original Lenders) of Schedule 1 (The Original Parties) shall be amended by deleting
reference to “Eksportkreditt Norge AS” and replacing it with reference to “Eksportfinansiering Norge”. 

  
 - 10 - 

 PART II 

EFFECTIVE DATE AMENDMENTS 
  

	1.	 Definitions and interpretation 

 

	 	(a)	 Clause 1.1 (Definitions) shall be amended by inserting new definitions of “UK TopCo” and
“UK TopCo Guarantee” in alphabetical order as follows: 

 “”UK TopCo” means Noble
Corporation plc, a public limited company incorporated in England and Wales with company number 12958050 and any successor entity thereto.”; and 

“”UK TopCo Guarantee” means the guarantee executed by UK TopCo in favour of the Security Agent.”. 

 

	 	(b)	 A new clause 1.5 (UK TopCo Guarantee) shall be inserted as follows: 

“1.5 UK TopCo Guarantee 

Notwithstanding the provision of the UK TopCo Guarantee, UK TopCo shall not constitute a Guarantor or an Obligor or (for the avoidance of any
doubt) a member of the Group and the UK TopCo Guarantee shall not constitute a Finance Document, in each case, for the purpose of any Finance Document, provided that, for the purposes of Clauses 27.1
(Non-payment), 27.7 (Insolvency), 27.8 (Insolvency proceedings), 27.9 (Creditors’ process), 40 (Amendments and Waivers), 41 (Confidential Information) and the
definition of “Confidential Information” only, references to “Obligor” and “Group” shall be deemed to include a reference to UK TopCo in such Clauses and definition, and references to a “Finance Document”
shall be deemed to include the UK TopCo Guarantee in such Clauses and definition.” 
  

	2.	 Change of control 

Clause 11.4 (Change of control) shall be deleted in its entirety and replaced with the following: 

“11.4 Change of control 
  

	 	(a)	 If: 

  

	 	(i)	 any person or group of persons acting in concert other than the Majority Shareholders gains control, directly
or indirectly, of more than 50% of the voting and/or ordinary shares of UK TopCo; 

  

	 	(ii)	 UK TopCo ceases to own, directly or indirectly, 50.01% of the voting and/or ordinary shares of the Company; or

  

	 	(iii)	 the Majority Shareholders cease to own, directly or indirectly, at least 20% of the voting and/or ordinary
shares of UK TopCo, 

  
 - 11 - 

 then in each case: 

 

	 	(A)	 the Company shall promptly notify the Agent upon becoming aware of that event following which the Lenders shall
negotiate in good faith with the Company for a period of 60 days with a view to agreeing terms and conditions that are acceptable to the Company and the Lenders for continuing the Facilities (the “Negotiation Period”);

  

	 	(B)	 during the Negotiation Period, a Lender shall not be obliged to fund a Utilisation except for a Rollover Loan;

  

	 	(C)	 if no agreement is reached within the Negotiation Period, the Agent shall, if a Lender so requires not later
than 30 days after the end of the Negotiation Period, cancel the Commitment of that Lender and declare the participation of that Lender in all outstanding Utilisations and Ancillary Outstandings of that Lender or Affiliate of that Lender, together
with accrued interest, and all other amounts accrued under the Finance Documents immediately due and payable, whereupon the Commitment of that Lender will be cancelled and all such outstanding Utilisations and amounts will become immediately due and
payable. 

  

	 	(b)	 For the purpose of paragraph (a) above: 

 

	 	(i)	 “acting in concert” means acting together pursuant to an agreement or understanding (whether
formal or informal); 

  

	 	(ii)	 “Majority Shareholders” means A.P. Møller Holding A/S, A.P. Møller –
Mærsk A/S, A.P. Møller og Hustru Chastine Mc-Kinney Møllers Familiefond or Den A.P. Møllerske Støttefond; and 

 

	 	(iii)	 “control” means the power (by way of ownership of shares, proxy, contract or otherwise) to
cast, or control the casting of, votes that might be cast at a general meeting of UK TopCo.” 

  

	3.	 Increase of Margin 

Clause 12.1 (Calculation of interest) shall be deleted in its entirety and replaced with the following: 

“12.1 Calculation of interest 
  

	 	(a)	 The rate of interest on each Facility A Loan and Revolving Facility Loan for each Interest Period is the
percentage rate per annum which is the aggregate of the applicable: 

  
 - 12 - 

	 	(i)	 Margin, plus the percentage per annum for the applicable time period as set out in the table below:

  

					
	 Applicable time period
	  	Percentage
per annum	 
	 From twelve (12) months prior to the Termination Date for Facility A and the Revolving
Facility until (but excluding) the date falling nine (9) months prior to the Termination Date for Facility A and the Revolving Facility
	  	 	1.00	 
	 From nine (9) months prior to the Termination Date until (but excluding) the date falling six
(6) months prior to the Termination Date for Facility A and the Revolving Facility
	  	 	1.50	 
	 From six (6) months prior to the Termination Date for Facility A and the Revolving
Facility
	  	 	2.00	 

 (in each case, such increased Margin shall be the “Margin” for all purposes of this Agreement and
the other Finance Documents); and 
  

	 	(ii)	 LIBOR or, in relation to any Loan in euro, EURIBOR or, in relation to any Loan in a Non-LIBOR Currency, the Benchmark Rate for that currency, 

 provided
that, the rate of interest shall not in any case be less than zero. 
  

	 	(b)	 The rate of interest on each Facility B Loan is the CIRR Interest Rate of 2.02 per cent. per annum.
Interest in relation to each Facility B Loan shall be calculated on the basis of a 360 (three hundred and sixty) day year and a thirty (30) day month on each Utilisation of Facility B or on the Facility B Loan (as the case may be) and if there
is a period of less than thirty (30) days, on the actual number of days elapsed, based on a thirty (30) day month.” 

  

	4.	 All Lender matters 

Clauses 40.2(h)(i) and 40.2(i) shall each be amended by inserting the words “or the UK TopCo Guarantee” after the words “under
Clause 21 (Guarantee and indemnity)”. 

  
 - 13 - 

 SCHEDULE 4 

FORM OF EFFECTIVE DATE NOTICE 
  

	To:	 DNB Bank ASA as agent of the other Finance Parties 

Amendment agreement dated [•] relating to a USD 1,550,000,000 term and revolving facilities agreement dated 6 December 2018 (the “Amendment
Agreement”) 
 We refer to the Amendment Agreement. Terms defined in the Amendment Agreement have the same meaning in this notice. 

This is the Effective Date Notice. 
 We hereby confirm that the
Takeover has completed or is being completed contemporaneously with the delivery of this Effective Date Notice. For the purpose of the Amendment Agreement, the Effective Date is the date of this notice and the amendment of the Amended Facility
Agreement in accordance with Part II (Effective Date Amendments) of Schedule 3 (Amendments to Original Facility Agreement) is now effective. 

Dated: _______________ 
 [Signature page
follows] 

  
 - 14 - 

									
	The Company	  		  	
			
	SIGNED for and on behalf of	  		  	
	THE DRILLING COMPANY OF 1972 A/S	  		  	
					
	By:	  	  
	  		  	By:	  	  

					
	Title:	  	  
	  		  	Title:	  	  

		  		  		  		  	

  

			
	UK TopCo
	
	SIGNED for and on behalf of
	NOBLE CORPORATION PLC
		
	By:	 	  

		
	Title:	 	  

  
 - 15 - 

 SCHEDULE 5 

FORM OF UK TOPCO GUARANTEE 

  
 - 16 - 

 SIGNATURES 
  

									
	The Company	  		  		  	
				
	SIGNED for and on behalf of	  		  		  	
	THE DRILLING COMPANY OF 1972 A/S	  		  		  	
					
	By:	  	 /s/ Klaus Greven Kristensen
	  		  	By:	  	 /s/ Morten Reinholdt Nielsen

	Title:	  	 General Counsel
 Attorney-in-Fact
	  		  	Title:	  	 VP, Head of tax, treasury & insurance

Attorney-in-Fact

  
 Signature page to the
Amendment Agreement. 

									
	The Rig Owners	  		  		  	
				
	SIGNED for and on behalf of	  		  		  	
	MAERSK DRILLING HOLDINGS SINGAPORE PTE. LTD.	  		  		  	
					
	By:	  	 /s/ Klaus Greven Kristensen
	  		  	By:	  	 /s/ Morten Reinholdt Nielsen

	Title:	  	 General Counsel
 Attorney-in-Fact
	  		  	Title:	  	 VP, Head of tax, treasury & insurance

Attorney-in-Fact

				
	SIGNED for and on behalf of	  		  		  	
	MAERSK DRILLSHIP I SINGAPORE PTE. LTD.	  		  		  	
					
	By:	  	 /s/ Klaus Greven Kristensen
	  		  	By:	  	 /s/ Morten Reinholdt Nielsen

	 Title:
	  	 General Counsel
 Attorney-in-Fact
	  		  	 Title:
	  	 VP, Head of tax, treasury & insurance

Attorney-in-Fact

				
	SIGNED for and on behalf of	  		  		  	
	MAERSK HIGHLANDER UK LTD	  		  		  	
					
	By:	  	 /s/ Klaus Greven Kristensen
	  		  	By:	  	 /s/ Morten Reinholdt Nielsen

	 Title:
	  	Company secretary	  		  	 Title:
	  	 VP, Head of tax, treasury & insurance

Attorney-in-Fact

				
	SIGNED for and on behalf of	  		  		  	
	MAERSK DRILLING INTERNATIONAL A/S	  		  		  	
					
	By:	  	 /s/ Klaus Greven Kristensen
	  		  	By:	  	 /s/ Morten Reinholdt Nielsen

	 Title:
	  	Director	  		  	 Title:
	  	 VP, Head of tax, treasury & insurance

Attorney-in-Fact

  

  
 Signature page to the
Amendment Agreement. 

									
	 The Material Intra-Group Charterers
  
	 		 		 	
	SIGNED for and on behalf of	 		 		 	
	MAERSK HIGHLANDER UK LIMITED, SINGAPORE BRANCH	 		 		 	
					
	By:	 	 /s/ Klaus Greven Kristensen
	 		 	By:	 	 /s/ Morten Reinholdt Nielsen

	Title:	 	Company Secretary	 		 	Title:	 	 VP, Head of tax, treasury & insurance

Attorney-in-Fact

				
	SIGNED for and on behalf of	 		 		 	
	MAERSK DRILLING SERVICES A/S	 		 		 	
					
	By:	 	 /s/ Klaus Greven Kristensen
	 		 	By:	 	 /s/ Morten Reinholdt Nielsen

	Title:	 	Attorney-in-Fact	 		 	Title:	 	 VP, Head of tax, treasury & insurance

Attorney-in-Fact

				
	SIGNED for and on behalf of	 		 		 	
	MAERSK INVINCIBLE NORGE A/S	 		 		 	
					
	By:	 	 /s/ Klaus Greven Kristensen
	 		 	By:	 	 /s/ Morten Reinholdt Nielsen

	Title:	 	Director	 		 	Title:	 	 VP, Head of tax, treasury & insurance

Attorney-in-Fact

  
 Signature page to the
Amendment Agreement. 

									
	 SIGNED for and on behalf of
	 		 		 	
	 MAERSK REACHER OPERATIONS AS
	 		 		 	
					
	By:	 	 /s/ Klaus Greven Kristensen
	 		 	By:	 	 /s/ Morten Reinholdt Nielsen

	Title:	 	 General Counsel
 Attorney-in-Fact
	 		 	Title:	 	 VP, Head of tax, treasury & insurance

Attorney-in-Fact

  
  

							
	SIGNED for and on behalf of
	MAERSK DRILLING AUSTRALIA PTY. LTD (ACN 106 414 108) by its attorney under power of attorney in the presence of:
				
	 /s/ Camilla Richmann

Signature of witness
	 		 		 	 /s/ Klaus Greven Kristensen

Signature of attorney

				
	 Camilla Richmann

Name of witness (print)
	 		 		 	 Klaus Greven Kristensen

Name of attorney (print)

				
	 /s/ Camilla Richmann

Signature of witness
	 		 		 	 /s/ Morten Reinholdt Nielsen

Signature of attorney

				
	 Camilla Richmann

Name of witness (print)
	 		 		 	 Morten Reinholdt Nielsen

Name of attorney (print)

		 		 		 	  
 17 August 2022

Date of power of attorney
  

By executing this document the attorney states that the attorney has received no notice of revocation of the power of

attorney

  
 Signature page to the
Amendment Agreement. 

									
	 Other Debtor
  
	 		 		 	
	SIGNED for and on behalf of	 		 		 	
	MAERSK DRILLING A/S	 		 		 	
					
	By:	 	 /s/ Klaus Greven Kristensen
	 		 	By:	 	 / s/ Morten Reinholdt Nielsen

	Title:	 	Director	 		 	Title:	 	 VP, Head of tax, treasury & insurance

Attorney-in-Fact

  
 Signature page to the
Amendment Agreement. 

			
	 The Agent

	
	 SIGNED for and on behalf of

	 DNB BANK ASA

		
	By:	 	 /s/ Jack Oldbury

	Title:	 	Attorney-in-fact
	
	 The Security Agent

	
	 SIGNED for and on behalf of

	 DNB BANK ASA

		
	By:	 	 /s/ Jack Oldbury

	Title:	 	Attorney-in-fact

  
 Signature page to the
Amendment Agreement. 

			
	The Hedge Counterparties
	
	SIGNED for and on behalf of
	NYKREDIT BANK A/S
		
	By:	 	 /s/ Henrik Michaelsen

	Title:	 	Managing Director
	
	SIGNED for and on behalf of
	SKANDINAVISKA ENSKILDA BANKEN AB (PUBL)
		
	By:	 	 /s/ Erling Amundsen

	Title:	 	Attorney-at-Law
	
	SIGNED for and on behalf of
	NORDEA BANK ABP
		
	By:	 	 /s/ Didrik B. Wahl

	Title:	 	Associate Director
	
	SIGNED for and on behalf of
	ING BANK N.V.
		
	By:	 	 /s/ Thomas Brouwer

	Title:	 	Director

  
 Signature page to the
Amendment Agreement. 

			
	 SIGNED for and on behalf of

	 DANSKE BANK A/S

		
	By:	 	 /s/ Jakob Hjorngaard

	Title:	 	Senior Banker
	
	 SIGNED for and on behalf of

	 BNP PARIBAS

		
	By:	 	 /s/ Emmanuelle Scoubart

	Title:	 	Authorized Signatory
	
	 SIGNED for and on behalf of

	 DNB BANK ASA

		
	By:	 	 /s/ Knut Ola Skotvedt

	Title:	 	Senior Vice President

 Signature page to the Amendment Agreement.EX-10.7

 

 
  

 Exhibit 10.7 
  

			
	To:	  	Danmarks Skibskredit A/S
		  	as Lender and Security Agent under the Facility Agreement (as defined below)
		
	Date:	  	8 September 2022

 Dear Sirs and Madams, 
 This
letter sets outs (A) amendments to (i) the waiver and amendment letter dated 20 October 2021 (the “Waiver and Amendment Letter”) and (ii) the term loan facility agreement dated 10 December 2018 each entered into
between, among others, The Drilling Company of 1972 A/S as company and borrower (the ”Company”), Danmarks Skibskredit A/S as original lender and Danmarks Skibskredit A/S as agent and security agent for the other Finance Parties, as
amended, restated and supplemented from time to time (the “Facility Agreement”) subject to the terms and conditions set out herein and (B) guarantee and security confirmations by the Obligors under the Facility Agreement and Maersk
Drilling Holdings Singapore Pte. Ltd. 
  

	1	 Definitions 

Unless defined in this letter or the context otherwise requires, a term defined in the Facility Agreement shall have the same meaning when used
in this letter. 
  

	1.1	 For the purposes of this letter and the Waiver and Amendment Letter: 

“Effective Date” means the date of the Effective Date Notice, which shall not be earlier than the date on which the Security
Agent gives notice pursuant to Clause 4.1 of this letter that the conditions precedent have been satisfied or waived by the Security Agent. 

“Effective Date Notice” means a notice in the form set out in in Schedule 3 (Form of Effective Date Notice). 

 

	2	 Amendments to the Waiver and Amendment Letter 

 

	2.1	 Further to the Waiver and Amendment Letter, the Company hereby requests your agreement, and by signing this
letter each Obligor, Maersk Drilling Holdings Singapore Pte. Ltd. and Danmarks Skibskredit A/S agree, subject only to the occurrence of the Effective Date, to the following: 

 

	 	(a)	 to change Clause 1.2 of the Waiver and Amendment Letter to read as follows: 

We write to you in connection with the contemplated consummation of the Closing Date pursuant to, and as defined in, the business combination
agreement dated 10 November 2021 between, among others, the Company and Noble Corporation plc, a public limited company incorporated in England and Wales with company number 12958050 and any successor entity thereto (the
”Takeover“).1 
  

	1 	 The business combination agreement means the business combination agreement referred to and as disclosed as
Annex A in the United States Securities Exchange Commission filing of 11 April 2022, which can be found on the following 

  
 

 

 

 
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	 	(b)	 in line 3 of clause 1.3, the words “the condition in paragraph 1.4 below” shall be substituted
by ”the occurrence of the Effective Date”, 

  

	 	(c)	 that the words “date of completion of the Takeover” shall be deleted and replaced by
“Effective Date” in clauses 1.3(b), 1.5(a), 1.5(b) and 1.5(c)(i) of the Waiver and Amendment Letter. 

  

	 	(d)	 that the words “subject to completion of the Takeover” shall be deleted and replaced by
“subject to the occurrence of the Effective Date” in clause 1.5(c). 

  

	 	(e)	 that Clause 1.4 of the Waiver and Amendment Letter shall be deleted in its entirety. 

 

	3	 Amendments to the Facility Agreement 

 

	3.1	 With effect on and from the Effective Date: 

 

	3.1.1	 The definition of “Sanctions or Anti-Corruption Event” in Clause 1.1 of the Facility Agreement
shall be amended to read as follows: 

 ”Sanctions or Anti-Corruption Event” means a breach by an
Obligor of any of the representations or undertakings under Clauses 18.18 (Sanctions), 18.19 (Anti-Corruption) or 21.6 (Sanctions and Anti-Corruption Undertaking) of the Agreement or by UK TopCo of Clause 4.10 (Sanctions)
or Clause 4.11 (Anti-Corruption) of the UK TopCo Guarantee unless such breach is, in the Security Agent’s reasonable discretion, capable of remedy and is, unless otherwise agreed to in writing by the Security Agent (acting on the
instructions of the Lenders), remedied within 15 Business Days of the earlier of (1) the Security Agent giving notice to the Company and (2) the Company becoming aware of the occurrence of such event. 

 

	3.1.2	 The following definitions shall be inserted in Clause 1.1 of the Facility Agreement in alphabetical order:

 “UK TopCo” means Noble Corporation plc, a public limited company incorporated in England and Wales with
company number 12958050 and any successor entity thereto. 
 ”UK TopCo Guarantee” means a guarantee to be executed by UK
TopCo in favour of the Security Agent (for itself and for the other Finance Parties) whereby UK TopCo guarantees all of the obligations of the Obligors under the Facility Agreement and the other Finance Documents. 

 

	3.1.3	 A new Clause 1.5 shall be inserted in the Facility Agreement as follows: 

 

	 	1.5	 UK TopCo Guarantee 

 
 link:
https://www.sec.gov/Archives/edgar/data/0001895262/000119312522101363/d268162d424b3.htm. For the avoidance of doubt, any amendment or supplement to that business combination agreement, including any changes to the definitions set out therein,
shall have no effect with respect to this amendment to the Waiver and Amendment Letter and its cross reference to that business combination agreement. 

  
 

 

 

 
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 Notwithstanding the provision of the UK TopCo Guarantee, UK TopCo shall not otherwise be
considered a Guarantor or an Obligor or a member of the Group under the Facility Agreement and the other Finance Documents and the UK TopCo Guarantee shall not constitute a Finance Document, in each case, for the purpose of any Finance Document,
except that for the purposes of Clauses 22.1 (Non-payment), 22.3 (Other obligations), 22.5 (Misrepresentation), Clause 22.6 (Cross default), 22.7 (Insolvency), 22.8 (Insolvency
proceedings), 22.9 (Creditors’ process), 22.11 (Unlawfulness), 22.12 (Repudiation), Clause 23 (Changes to the Lenders), Clause 25 (Role of the Security Agent and the Arranger), Clause 26 (Application of
Proceeds), Clause 28 (Sharing among the Finance Parties), Clause 29 (Payment mechanics), Clause 40 (Amendments and Waivers), 41 (Confidential Information) and the definition of ”Confidential Information”
only, references to ”Obligor” and ”Group” shall be deemed to include UK TopCo in such Clauses and definition, and references to a ”Finance Document” shall be deemed to include the UK TopCo Guarantee for purposes of such
Clauses and definitions. For the avoidance of doubt, any cross references to other Clauses and/or definitions in the Clauses and definitions listed above that is not deemed to apply in respect of UK TopCo and the UK TopCo Guarantee, as the case may
be, shall not by virtue of such cross reference apply in respect of UK TopCo or the UK TopCo Guarantee, as the case may be unless necessary to give effect to the incorporation by reference of the specific Clauses referred to above. 

 

	3.1.4	 Clause 22.5 of the Facility Agreement shall be amended to read as follows: 

 

	 	22.5	 Misrepresentation 

 

	 	(a)	 Any representation or statement made or deemed to be made by an Obligor or by UK TopCo in the Finance Documents
or any other document delivered by or on behalf of any Obligor under or in connection with any Finance Document (other than those made or deemed to be made in Clause 18.18 (Sanctions) and Clause 18.19 (Anti-Corruption) of the Agreement
and Clause 4.10 (Sanctions) of the UK TopCo Guarantee and Clause 4.11 (Anti-Corruption) of the UK TopCo Guarantee) is or proves to have been incorrect or misleading in any material respect when made or deemed to be made.

  

	 	(b)	 No Event of Default under paragraph (a) above will occur if the circumstances giving rise to the
misrepresentation or breach of warranty are capable of remedy and are remedied within 15 Business Days of the earlier of (A) the Security Agent giving notice to the Company and (B) the Company becoming aware of the misrepresentation or
breach of warranty. 

  

	3.1.5	 Clause 25.1(c) of the Facility Agreement shall be amended to read as follows: 

Any Security Documents and the UK TopCo Guarantee shall be granted and/or issued, as the case may be, by the relevant parties to the Security
Agent as security agent (in Danish: fuldmægtig) for the Finance Parties in accordance with Chapter 4 the Danish Capital Markets Act (cf. Section 1, subsection 2 of the Danish Capital Markets Act). Each of the Finance
Parties appoints the Security Agent as security agent (in Danish: 

  
 

 

 

 
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fuldmægtig) to receive and hold the assets covered by any Security Documents and all obligations of UK TopCo under the UK TopCo Guarantee (including all amounts which UK TopCo is
undertaking to guarantee, pay or indemnify under the UK TopCo Guarantee) on behalf of and for the benefit of the Finance Parties and the Security Agent agrees to receive and hold the assets covered by the Security Documents and all obligations of UK
TopCo under the UK TopCo Guarantee (including all amounts which UK TopCo is undertaking to guarantee, pay or indemnify under the UK TopCo Guarantee) accordingly. 
  

	3.1.6	 Clause 25.2(f) of the Facility Agreement shall be amended by inserting the words “or the UK TopCo
Guarantee” after the words “Security Documents”. 

  

	3.1.7	 Clause 16 (Costs and expenses), Clause 23 (Changes to the Lenders), Clause 25 (Role of the
Security Agent and the Arranger), Clause 26 (Application of Proceeds), Clause 35.1 (Required consents) and Clause 35.2 (All Lender matters) of the Facility Agreement shall each be amended by inserting the words “or the
UK TopCo Guarantee” after the words “Transaction Security”. 

  

	3.1.8	 Clauses 35.2(h)(i) and 35.2(i) of the Facility Agreement shall be amended by inserting the words “or
the UK TopCo Guarantee” after the words “under Clause 17 (Guarantee and indemnity)”. 

  

	4	 Effective Date and conditions precedent 

 

	4.1	 Danmarks Skibskredit A/S as Lender shall promptly notify the Company after receipt by it of each of the
documents and other evidence listed in Schedule 1 (Conditions Precedent) hereto in a form and substance satisfactory to Danmarks Skibskredit A/S (having regard to the requirements for the forms of such documents and evidence specified in
Schedule 1 (Conditions Precedent) (where specified)). The conditions precedent specified or referred to in Schedule 1 – Conditions Precedent are solely for the benefit of Danmarks Skibskredit A/S and may be waived in whole or in part and
with or without conditions by Danmarks Skibskredit A/S. 

  

	4.2	 The Company shall (and shall procure that UK TopCo will) promptly execute and deliver to Danmarks Skibskredit
A/S as Lender the Effective Date Notice on the date of the Takeover or contemporaneously with the completion of the Takeover, provided that no Effective Date Notice shall be given unless the Company has received the notification from Danmarks
Skibskredit A/S under Clause 4.1 above. Accordingly, the occurrence of the Effective Date is subject to the satisfaction of the conditions precedent set out in Schedule 1 and any Effective Date Notice issued prior to the satisfaction of such
conditions or prior to the occurrence of the Takeover shall be considered null and void. 

  

	4.3	 None of the waivers or amendments to the Facility Agreement or any of the other Finance Documents set out in
the Waiver and Amendment Letter or this letter shall be effective unless and until the Effective Date has occurred. 

  

	5	 Representations 

 

	5.1	 The Repeating Representations are deemed to be made by each Obligor (by reference to the facts and
circumstances then existing) on the date of this letter, and references 

  
 

 

 

 
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to Finance Documents in the Repeating Representations shall be construed to include this letter. 

  

	6	 Guarantee and security confirmation 

 

	6.1	 With effect as of the Effective Date, each of the Obligors and Maersk Drilling Holdings Singapore Pte. Ltd. by
its signature to this letter ratifies, consents and agrees to the changes to the Facility Agreement set out in Waiver and Amendment Letter (as amended by this letter). 

 

	6.2	 With effect as of the Effective Date, each Obligor confirms by its signature to this letter for the benefit of
the Finance Parties that all guarantee and indemnity obligations owed by it under the Facility Agreement as amended by the Waiver and Amendment Letter (as amended by this letter) shall (a) remain in full force and effect and continue to be
binding and enforceable against each Obligor notwithstanding the amendments to the Facility Agreement referred to in the Waiver and Amendment Letter (as amended by this letter), and (b) extend to any new obligations assumed by any Obligor under
the Facility Agreement and any other Finance Document as a result of the Waiver and Amendment Letter (as amended by this letter). 

  

	6.3	 With effect as of the Effective Date, each of the Obligors and Maersk Drilling Holdings Singapore Pte. Ltd.
confirms by its signature to this letter for the benefit of the Finance Parties that the Security created by it pursuant to each Security Document (including without limitation the Security Documents listed in Schedule 2 (Security Documents)
to this letter) to which it is a party shall (a) remain in full force and effect notwithstanding the amendments to the Facility Agreement referred to in the Waiver and Amendment Letter (as amended by this letter), and (b) continue to be
binding and enforceable against the Obligors and Maersk Drilling Holdings Singapore Pte. Ltd. and secure all obligations of the Obligors and Maersk Drilling Holdings Singapore Pte. Ltd. under the Finance Documents as amended, restated and
supplemented from time to time (including, but not limited to, under the Facility Agreement as amended by the Waiver and Amendment Letter (as amended by this letter)) and (c) extend to any obligations assumed by the Obligors and Maersk Drilling
Holdings Singapore Pte. Ltd. under the Finance Documents, in each case subject to any limitations set out in the Facility Agreement and/or the Security Documents, as the case may be. 

 

	7	 Miscellaneous 

 

	7.1	 This letter constitutes Confidential Information for the purpose of the Facility Agreement.

  

	7.2	 The provisions of the Facility Agreement and the Waiver and Amendment Letter shall, save as explicitly amended
by this letter, remain in full force and effect. 

  

	7.3	 This letter shall constitute a Finance Document for the purposes of the Facility Agreement and any reference in
any other Finance Documents to “Finance Documents” shall be construed to include this letter. 

  

	7.4	 The Company shall within five Business Days of demand (provided that such demand is accompanied by sufficient
information to make the relevant payment) pay Dan-

  
 

 

 

 
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marks Skibskredit A/S, the amount of all cost and expenses including pre-agreed external legal fees reasonably incurred by them in connection with the
negotiation, preparation, printing and execution of this letter and any other documents referred to in this letter. 

  

	8	 Governing law 

 

	8.1	 This letter shall be governed by Danish law. The provisions of clause 41 (Enforcement) of the Facility
Agreement shall be incorporated into this letter mutatis mutandis. 

 —-oo0oo—- 

  
 

 

 

 
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 Yours faithfully, 

For and on behalf of The Drilling Company of 1972 A/S as the Company and the Borrower: 

 

									
	 /s/ Klaus Greven Kristensen
	 		  	 /s/ Morten Reinholdt Nielsen

	Name:	 	Klaus Greven Kristensen	 		  	Name:	  	Morten Reinholdt Nielsen
	Title:	 	 General Counsel
 Attorney-in-Fact
	 		  	Title:	  	 Head of tax, treasury & insurance

Attorney-in-Fact

  
 

 

 

 
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 We hereby irrevocably and unconditionally acknowledge and agree to the above: 

Danmarks Skibskredit A/S as Lender, 
  

					
	 /s/ Erik I. Lassen
	 		  	 /s/ Marcus Christensen

	Name: Erik I. Lassen	 		  	Name: Marcus Christensen
	Title:   CEO	 		  	Title:   SCE

 Danmarks Skibskredit A/S as Security Agent on behalf of the Finance Parties: 

 

					
	 /s/ Erik I. Lassen
	 		  	 /s/ Marcus Christensen

	Name: Erik I. Lassen	 		  	Name: Marcus Christensen
	Title:   CEO	 		  	Title:  SCE

  
 

 

 

 
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 Each Obligor and Maersk Drilling Holdings Singapore Pte. Ltd. hereby ratifies, consents and agrees to the
terms of this letter and the Waiver and Amendment Letter and hereby grants the guarantee and security confirmations set out in paragraph 6 of this letter 

For and on behalf of The Drilling Company of 1972 A/S: 
  

							
	 /s/ Klaus Greven Kristensen
	 		  	 /s/ Morten Reinholdt Nielsen

	Name: Klaus Greven Kristensen	 		  	Name:	  	Morten Reinholdt Nielsen
	Title:   General Counsel	 		  	Title:	  	 Head of tax, treasury & insurance

Attorney-in-fact

 For and on behalf of Maersk Drilling A/S: 
  

							
	 /s/ Klaus Greven Kristensen
	 		  	 /s/ Morten Reinholdt Nielsen

	Name: Klaus Greven Kristensen	 		  	Name:	  	Morten Reinholdt Nielsen
	Title:   General Counsel	 		  	Title:	  	 Head of tax, treasury & insurance

Attorney-in-fact

 For and on behalf of Maersk Drilling Deepwater A/S: 
  

							
	 /s/ Klaus Greven Kristensen
	 		  	 /s/ Morten Reinholdt Nielsen

	Name: Klaus Greven Kristensen	 		  	Name:	  	Morten Reinholdt Nielsen
	Title:   General Counsel	 		  	Title:	  	 Head of tax, treasury & insurance

Attorney-in-fact

  

	
	 Executed and Delivered as a Deed
 for and on
behalf of Maersk Drillship IV Singapore Pte. Ltd.

	by:
	
	 /s/ Christian Ludvig Pedersen

	Director
	Name of Director: Christian Ludvig Pedersen
	
	in the presence of:
	
	Lisa Maria Meals 200 (Name of witness)
	Cantonment Road
	#06-02 Southpoint
	Singapore 089763 (Address of witness)

  
 

 

 

 
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	 Executed and Delivered as a Deed
 for and on
behalf of Maersk Drilling Holdings Singapore Pte. Ltd.

	by:
	
	 /s/ Christian Ludvig Pedersen

	Director
	Name of Director: Christian Ludvig Pedersen
	
	in the presence of:
	
	Lisa Maria Meals (Name of witness)
	 200 Cantonment Road

	#06-02 Southpoint
	Singapore 089763 (Address of witness)

  
 

 

 

 
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 Schedule 1 – Conditions Precedent 

 

	1.	 Documents 

  

	 	a.	 This letter duly executed by all Obligors and Maersk Drilling Holdings Singapore Pte. Ltd..

  

	 	b.	 The UK TopCo Guarantee duly executed by UK Topco 

 

	2.	 Obligors 

  

	 	a.	 A copy of a resolution of the board of directors of each Obligor, Maersk Drilling Holdings Singapore Pte. Ltd.
and UK Topco: 

  

	 	i.	 approving the terms of, and the transactions contemplated by, the Waiver and Amendment Letter and the amendment
thereto by this letter and resolving that it executes this letter and, in respect of UK Topco, the UK TopCo Guarantee; and 

  

	 	ii.	 authorising a specified person or persons to execute this letter on its behalf, 

substantially in the latest form provided to Danmarks Skibskredit by each Obligor and Maersk Drilling Holdings Singapore Pte. Ltd. under or in
connection with the Finance Documents. 
  

	 	b.	 A transcript from the relevant companies agency in respect of each Obligor, Maersk Drilling Holdings Singapore
Pte. Ltd. and UK Topco. 

  

	 	c.	 A copy of the certificate of incorporation and constitutional documents of each Obligor, Maersk Drilling
Holdings Singapore Pte. Ltd. and UK Topco. 

  

	 	d.	 A copy of the extract of resolutions of the sole shareholder of each of Maersk Drilling Holdings Singapore Pte.
Ltd. and Maersk Drillship IV Singapore Pte. Ltd. 

  

	3.	 Legal opinions 

  

	 	a.	 A legal opinion of Kromann Reumert, legal advisers to Danmarks Skibskredit A/S in England, as to matters of
English law; 

  

	 	b.	 A legal opinion of Kromann Reumert, legal advisers to Danmarks Skibskredit A/S in Denmark, as to matters of
Danish law; and 

  

	 	c.	 A legal opinion of Allen & Gledhill LLP, legal advisers to Danmarks Skibskredit A/S in Denmark, as to
matters of Singapore law, 

 in each case, substantially in the latest form of such opinion provided to the Lenders by such
legal adviser under or in connection with the Finance Documents (with such changes as a required due to changes in law or such legal adviser’s internal policies). 

  
 

 

 

 
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	4.	 Know your customer 

UK Topco, Maersk Drilling Holdings Singapore Pte. Ltd. and the Obligors shall promptly provide such documentation and information as Danmarks
Skibskredit A/S deem necessary and/or advisable in order to comply with customer due diligence measures for purposes of AML/CTF checks as required by the Danish Act on Measures to Prevent Money Laundering and Financing of Terrorism including without
limitation: 
  

	 	i)	 copy of group structure chart covering the borrower, the guarantor(s) and any security provider(s) (the
“Customers”) evidencing the complete ownership and control structure of the Customers including ownership stake belonging to beneficial owners meaning the natural person(s) who ultimately owns or controls through direct or indirect
ownership of more than 20% of the shares or voting rights in the Customers (except for beneficial owners in companies listed on a regulated market that is subject to disclosure requirements consistent with EU law or equivalent international
standards, provided that if only part of such companies shares are listed, the beneficial owners , if any, of such remaining unlisted shares shall be subject to the disclosure requirements) or, if no such person(s) are identified or if there is any
doubt that the person(s) identified are the beneficial owner(s), the natural person(s) who hold the position of senior management in The Drilling Company of 1972 A/S and Noble Corporation Plc.; 

 

	 	ii)	 copies of proof of identity and country of residence of the Customers and any beneficial owner (except for
beneficial owners in listed companies, see above) (or, if no such person(s) are identified or if there is any doubt that the person(s) identified are the beneficial owner(s) – in addition to the so identified beneficial owner(s) – the
natural person(s) who hold the position of senior management officials in The Drilling Company of 1972 A/S and Noble Corporation Plc. and of any signatories, each from a reliable and independent source in such form as specified by Danmarks
Skibskredit A/S; and 

  

	 	iii)	 copies of signing authority of any person executing a document on behalf of the Customers in such form as
specified by Danmarks Skibskredit A/S. 

  
 

 

 

 
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 Schedule 2 - List of existing Security Documents 

 

	 	a.	 Mortgage “A” in respect of Maersk Venturer granted on 11 December 2018 by Maersk Drillship IV
Singapore Pte. Ltd. as Owner with Danmarks Skibskredit A/S as Mortgagee. 

  

	 	b.	 Mortgage “A” in respect of Maersk Voyager granted on 11 December 2018 by Maersk Drillship IV
Singapore Pte. Ltd as Owner with Danmarks Skibskredit A/S as Mortgagee. 

  

	 	c.	 Mortgage in respect of Mærsk Developer granted on 11 December 2018 by Maersk Drilling Deepwater A/S
as Debitor. 

  

	2.	 Deed of Covenants 

  

	 	a.	 Deed of Covenants dated 11 December 2018 executed by Maersk Drillship IV Singapore Pte. Ltd. as Owner and
Danmarks Skibskredit A/S as Mortgagee in respect of Maersk Venturer. 

  

	 	b.	 Deed of Covenants dated 11 December 2018 executed by Maersk Drillship IV Singapore Pte. Ltd. as owner and
Danmarks Skibskredit A/S as Mortgagee in respect of Maersk Voyager. 

  

	3.	 Insurance Assignments 

 

	 	a.	 Insurance Assignment Agreement relating to Maersk Venturer entered into by Maersk Drillship IV Singapore Pte.
Ltd. as Owner and Danmarks Skibskredit A/S as Security Agent on 12 December 2018. 

  

	 	b.	 Insurance Assignment Agreement relating to Maersk Voyager entered into by Maersk Drillship IV Singapore Pte.
Ltd. as Owner and Danmarks Skibskredit A/S as Security Agent on 12 December 2018. 

  

	 	c.	 Insurance Assignment Agreement relating to Mærsk Developer entered into by Maersk Drilling Deepwater A/S
as Owner and Danmarks Skibskredit A/S as Security Agent on 12 December 2018. 

  

	 	d.	 Insurance Assignment Agreement entered into by the Company as Assignor and Danmarks Skibskredit A/S as Security
Agent on 24 May 2019. 

  

	4.	 Earnings Assignments 

 

	 	a.	 Earnings Assignment Agreement relating to Maersk Venturer entered into by Maersk Drillship IV Singapore Pte.
Ltd. as Assignor and Danmarks Skibskredit A/S as Assignee on 12 December 2018. 

  

	5.	 Account Charges 

  
 

 

 

 
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	 	a.	 Account Pledge Agreement entered into by Maersk Drilling Deepwater A/S Mexico Branch as Pledgor and Danmarks
Skibskredit A/S as Security Agent on 9 July 2019. 

  

	 	b.	 Account Pledge Agreement entered into by Maersk Drilling Deepwater A/S Trinidad Branch as Pledgor and Danmarks
Skibskredit A/S as Security Agent on 17 February 2020. 

  

	 	c.	 Charge over Account entered into by Maersk Drillship IV Singapore Pte. Ltd. as Chargor and Danmarks Skibskredit
A/S as Chargee on 11 february 2019. 

  

	6.	 Share Charges 

  

	 	a.	 Share Pledge Agreement entered into by Maersk Drilling A/S as Pledgor relating to the shares in Maersk Drilling
Deepwater A/S and Danmarks Skibskredit A/S as Security Agent on 12 December 2018. 

  

	 	b.	 Deed of Charge relating to the shares in Maersk Drillship IV Singapore Pte. Ltd. entered into by Maersk
Drillship Singapore Pte. Ltd as Chargor and Danmarks Skibskredit A/S as Chargee. on 13 December 2018 . 

  
 

 

 

 
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 Schedule 3 Form of Effective Date Notice 

 

	To:	 Danmarks Skibskredit A/S as Lender and Security Agent 

Amendment letter dated [•] 2022 relating to (i) a waiver and amendment letter dated 20 October 2021 and (ii) the term loan facility
agreement originally dated 10 December 2018 each entered into between, among others, The Drilling Company of 1972 A/S as company and borrower, Danmarks Skibskredit A/S as original lender and Danmarks Skibskredit A/S as agent and security agent
for the other Finance Parties (the ”Amendment Letter”) 
 We refer to the Amendment Letter. Terms defined in the Amendment Letter have the
same meaning in this notice. 
 This is the Effective Date Notice. 

We have received written notification from you that the conditions precedent to the Effective Date set out in Schedule 1 to the Amendment Letter are satisfied
or waived. We hereby confirm that the Takeover has completed or is being completed contemporaneously with the delivery of this Effective Date Notice. For the purpose of the Amendment Letter, the Effective Date is the date of this notice to the
effect that the UK TopCo Guarantee and the amendments and guarantee and security confirmations set out in the Waiver and Amendment Letter as amended by the Amendment Letter, which are stated to take effect on the Effective Date, are now effective.

  

			
	Dated:	 	  

 [Signature page follows] 

  
 

 

 

 
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 [Signature page to the Effective Date Notice] 

 

									
	The Company	 		  		  	
				
	SIGNED for and on behalf of	 		  		  	
	THE DRILLING COMPANY OF 1972 A/S	 		  		  	
					
	By:	 	  
	 		  	By:	  	  

					
	Title:	 	  
	 		  	Title:	  	  

  

			
	UK TopCo
	
	SIGNED for and on behalf of
	NOBLE CORPORATION PLC
		
	By:	 	  

	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}]]