Common use of Acknowledgment and Reaffirmation Clause in Contracts

Acknowledgment and Reaffirmation. Each of the undersigned (each, a “Material Subsidiary”) hereby (a) acknowledges receipt of a copy of the foregoing Amendment No. 2 to Credit Agreement dated as of May 4, 2012 (the “Amendment”) between Rowan Companies, Inc., a Delaware corporation (the “Existing Borrower”), Rowan Companies plc, an English public limited company (the “Parent” and together with the Existing Borrower, each a “Borrower” and collectively, the “Borrowers”), the Lenders party thereto, and ▇▇▇▇▇ Fargo Bank, National Association, as an issuing lender, as swing line lender, and as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) and (b) reaffirms its obligations under the Material Subsidiary Guaranty (as defined in the Credit Agreement referred to in the Amendment) to which it is a party.