Common use of Deferred Units Clause in Contracts

Deferred Units. All Deferred Units (“DUs”) previously granted to you under the LTIP will be treated as if Transocean Management terminated your employment for the Convenience of the Company (as defined by and determined in accordance with the terms of the LTIP and the applicable award agreement) on the Termination Date. For the avoidance of doubt, the following provides details regarding the status of your outstanding DU awards if you continue to be employed by Transocean through the Termination Date: Grant Date DUs Granted Vested Prior to Termination Date Accelerated Vesting on Termination 2/10/2011 6,658 4,438 2,220 2/17/2012 15,737 5,245 10,492 2/14/2013 12,738 - 12,783

Deferred Units. All Deferred Units (“DUs”) previously granted to you under the LTIP will be treated as if Transocean Management terminated your employment for the Convenience of the Company (as defined by and determined in accordance with the terms of the LTIP and the applicable award agreement) on the Termination Date. For the avoidance of doubt, the following provides details regarding the status of your outstanding DU awards if you continue to be employed by Transocean through the Termination Date: Grant Date DUs Granted Vested Prior to 2/14/2013 46,020 30,680 15,340 2/13/2014 90,365 30,121 60,244 *In accordance with the LTIP and the applicable award agreements, the portion of your DU awards that vest on the Termination Date Accelerated Vesting on shall be distributed to you within sixty days after the Termination 2/10/2011 6,658 4,438 2,220 2/17/2012 15,737 5,245 10,492 2/14/2013 12,738 - 12,783Date.

Deferred Units. All Deferred Units (“DUs”) previously granted to you under the LTIP will be treated as if Transocean Management terminated your employment for the Convenience of the Company (as defined by and determined in accordance with the terms of the LTIP and the applicable award agreementterms and conditions) on the Termination Date. For the avoidance of doubt, the following provides details regarding the status of your outstanding DU awards if you continue to be employed by Transocean through the Termination Date: Grant Date DUs Granted Vested Prior to 11/15/2012 16,167 10,778 5,389 2/14/2013 15,979 10,652 5,327 2/13/2014 31,164 10,387 20,777 2/13/2015 60,264 0 60,264 *In accordance with the LTIP and the applicable terms and conditions, the portion of your DU awards that vest on the Termination Date Accelerated Vesting on shall be distributed to you within sixty days after the Termination 2/10/2011 6,658 4,438 2,220 2/17/2012 15,737 5,245 10,492 2/14/2013 12,738 - 12,783Date.