Immediately following such transactions and amendments (the "Transactions"), the Transocean Mid Holdings Entities (as defined below) have been eliminated and the Transocean Holdings Entities (as defined below) directly hold the equity interests of the Transocean Asset Holdings Entities (as defined below), exactly as they did prior to the Company's previously announced internal reorganization and exchange transactions (the "Prior Transactions"). As a result, any claim of an alleged breach under any of the Company's existing financing documents in respect of a transfer of the assets of the Transocean Holdings Entities resulting from the Prior Transactions has been rendered moot and cured (to the extent it ever existed, which the Company continues to unequivocally reject.)