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FORM OF REGISTRATION RIGHTS AGREEMENT
THIS REGISTRATION RIGHTS AGREEMENT (this " Agreement ") is entered into as of the day of May 2008, by and
among Vantage Drilling Company, a Cayman Islands exempted company (the " Company "), and the undersigned parties listed
under Investors on the signature page hereto (each, an " Investor " and collectively, the " Investors ").
WHEREAS, the Investors and the Company desire to enter into this Agreement to provide the Investors with certain rights
relating to the registration of (i) shares of Common Stock; (ii) Warrants; and (iii) shares of Common Stock underlying Warrants.
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. DEFINITIONS. The following capitalized terms used herein have the following meanings:
" Agreement " means this Agreement, as amended, restated, supplemented, or otherwise modified from time to time.
" Commission " means the Securities and Exchange Commission, or any other federal agency then administering the
Securities Act or the Exchange Act.
" Common Stock " means the common stock, par value $0.001 per share, of the Company.
" Company " is defined in the preamble to this Agreement.
" Demand Registration " is defined in Section 2.1.1.
" Demanding Holder " is defined in Section 2.1.1.
" Exchange Act " means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission
promulgated thereunder, all as the same shall be in effect at the time.
" Form S-3 " is defined in Section 2.3.
" Indemnified Party " is defined in Section 4.3.
" Indemnifying Party " is defined in Section 4.3.