Attached files

file filename
10-Q - 10-Q - Noble Corpnefy2017q110q.htm
EX-32.3 - EXHIBIT 32.3 - Noble Corpne323fy2017q1.htm
EX-32.2 - EXHIBIT 32.2 - Noble Corpne322fy2017q1.htm
EX-32.1 - EXHIBIT 32.1 - Noble Corpne321fy2017q1.htm
EX-31.3 - EXHIBIT 31.3 - Noble Corpne313fy2017q1.htm
EX-31.2 - EXHIBIT 31.2 - Noble Corpne312fy2017q1.htm
EX-31.1 - EXHIBIT 31.1 - Noble Corpne311fy2017q1.htm
EX-10.11 - EXHIBIT 10.11 - Noble Corpne1011fy2017q1.htm
EXHIBIT 10.12

NOBLE CORPORATION PLC
DEVONSHIRE HOUSE ● 1 MAYFAIR PLACE
LONDON ● W1J 8AJ ● ENGLAND ● + 44 20 3300 2300

April 21, 2017

Paragon Offshore plc
c/o Paragon Offshore Services LLC
3151 Briarpark Drive
Houston, Texas 77042

Attention: Todd D. Strickler

Re: Definitive Settlement Agreement

Dear Todd:

Reference is made to the Definitive Settlement Agreement, dated as of April 29, 2016 (the "Settlement Agreement"), by and between Paragon Offshore plc ("Paragon") and Noble Corporation plc ("Noble"). Capitalized terms which are not otherwise defined herein shall have the meanings set forth in the Settlement Agreement.

On April 21, 2017, Paragon filed a plan of reorganization in the Paragon Cases that does not incorporate the terms and conditions of the Settlement Agreement. Accordingly, pursuant to Section 8.1(b) of the Settlement Agreement, Noble hereby terminates the Settlement Agreement. This termination is without prejudice to Noble's rights and Paragon's obligations under the Separation Agreements.

Sincerely,



By: ___/s/ David. W. Williams__________
Name: David W. Williams
Title: Chairmen, President & CEO


cc:    Weil, Gotshal & Manges, LLP
767 Fifth Avenue
New York, New York 10153
Attention: Gary T. Holtzer




Noble Corporation plc is a public limited company registered in England and Wales with company number 08354954
and registered office at Devonshire House, 1 Mayfair Place, London, W1J 8AJ England