SETTLEMENT AGREEMENTSettlement Agreement • December 30th, 2021 • Diamond Offshore Drilling, Inc. • Drilling oil & gas wells • Delaware
This Settlement Agreement (“Agreement”) is made as of December 29, 2021 (“Effective Date”) among, on the one hand, Diamond Offshore Drilling, Inc. (together with its Board of Directors, the “Company”) and, on the other hand, Avenue Capital Management II, L.P. (“Avenue Capital”) and Avenue Energy Opportunities Fund II AIV, L.P. (“AEOF” and, together with Avenue Capital, “Avenue” and, collectively, with Diamond Offshore Drilling, Inc., the “Parties” and each individually, a “Party”).
