PROSAFE RIGS LIMITED

NORDEA BANK NORGE ASA AS AGENT ON BEHALF OF THE BANKS

A DEED OF ASSIGNMENT OF EARNINGS

NORDEA BANK NORGE ASA AS AGENT ON BEHALF OF THE BANKS

A DEED OF ASSIGNMENT OF INSURANCES

NORDEA BANK NORGE ASA

AMENDMENT NO 1 TO A SENIOR SECURED REDUCING REVOLVING CREDIT FACILITY DATED 13 JANUARY 2002

NORDEA BANK NORGE ASA

AMENDMENT NO 1 TO A SENIOR SECURED REDUCING REVOLVING CREDIT FACILITY DATED 13 JANUARY 2003

NORDEA BANK NORGE ASA

AN ASSIGNMENT OF CHARTERS

NORDEA BANK NORGE ASA

AN ASSIGNMENT OF EARNINGS

NORDEA BANK NORGE ASA

DEED OF CONFIRMATION AND AMENDMENT IN RESPECT OF AN ACCOUNTS ASSIGNMENT DATED 25 FEBRUARY 2000 AND

CHRISTIANIA BANK OG KREDITKASSE ASA

SECOND PRIORITY ACCOUNTS ASSIGNMENT (THE ASSIGNMENT) MADE BY (1) SAFE RIGS AS , SAFE SERVICE AS AND THE COMPANY (TOGETHER THE ASSIGNORS) IN FAVOUR OF (2) CHRISTIANIA BANK OG KREDITKASSE ASA THE (AGENT)

CHRISTIANIA BANK OG KREDITKASSE ASA

ASSIGNMENT OF RIGHTS UNDER CHARTERS IN RESPECT OF M.V.S SAFE BRITANNIA, SAFE CALEDONIA, SAFE LANCIA, SAFE REGENCY, JASMINIA, POLYCROWN AND DISCOVERER I (COLLECTIVELY THE "UNITS") BETWEEN SAFE SERVICE AS, SAFE RIGS AS AND THE COMPANY AND MADE IN FAVOUR OF THE BANKS (AS DEFINED BELOW)

CHRISTIANIA BANK OG KREDITKASSE ASA

ACCOUNTS ASSIGNMENT BETWEEN SAFE RIGS AS, SAFE SERVICE AS, THE COMPANY (TOGETHER THE "ASSIGNORS") AND CHRISTIANIA BANK OG KREDITKASSE ASA

CHRISTIANIA BANK OG KREDITKASSE ASA

ASSIGNMENT OF EARNINGS IN RESPECT OF M.V.S SAFE BRITANNIA, SAFE CALEDONIA, SAFE LANCIA, SAFE REGENCY, JASMINIA, POLYCROWN AND DISCOVERER I (COLLECTIVELY THE "UNITS") BETWEEN SAFE SERVICE AS, SAFE RIGS AS AND THE COMPANY (TOGETHER THE "ASSIGNORS") AND MADE IN FAVOUR OF THE BANKS (AS DEFINED BELOW)

CHRISTIANIA BANK OG KREDITKASSE ASA

ACCOUNTS SECURITY DEED MADE BY SAFE RIGS AS,SAFE SERVICE AS AND THE COMPANY (TOGETHER "THE ASSIGNORS") IN FAVOUR OF CHRISTIANIA BANK OG KREDITKASSE ASA ("CBK")

CHRISTIANIA BANK OG KREDITKASSE ASA

ASSIGNMENT OF RIGHTS UNDER CHARTERPARTIES IN RESPECT OF THE DRILLSHIP "DISCOVERER I" AND THE FLOTELS S/S "PORT REGENCY" AND S/S "JASMINIA" (THE UNITS) EXECUTED BY SAFE RIGS AS (THE BORROWER) SAFE SERVICE AS ("SSA") AND SRL (THE ASSIGNORS) IN FAVOUR OF CHRISTIANIA BANK OG KREDITKASSE ASA (AS AGENT FOR THE BANKS) DEN NORSKE BANK ASA AND SPAREBANKEN ROGALAND (THE BANKS)

CHRISTIANIA BANK OG KREDITKASSE ASA(THE "AGENT")

ASSIGNMENT OF EARNINGS IN RESPECT OF THE DRILLSHIP "DISCOVERER I" AND THE FLOTELS S/S "PORT REGENCY" AND S/S "JASMINIA"(TOGETHER THE UNITS) EXECUTED BY SAFE RIGS AS (THE BORROWER),SAFE SERVICE AS AND SRL (THE ASSIGNORS) IN FAVOR OF CHRISTIANIA BANK OG KREDITKASSE (AS AGENT) DEN NORSKE BANK ASA AND SPAREBANKEN ROGALAND (THE BANKS)

CHRISTIANA BANK OG KREDITKASSE ASA(AS AGENT)

ACCOUNTS ASSIGNMENT

CHRISTIANA BANK OG KREDITKASSE ASA(AS AGENT )

ASSIGNMENT OF EARNINGS

CHRISTIANIA BANK OG KREDITKASSE ASA

ASSIGNMENT OF EARNINGS