Document:

Exhibit

Exhibit 4.7
EXECUTION VERSION
This FIFTH SUPPLEMENTAL INDENTURE, dated as of November  10, 2016 (this “Supplemental Indenture”), is entered into among Bristow Group Inc., a Delaware corporation (the “Company”), each of the parties identified under the caption “Existing Guarantors” on the signature pages hereto (the “Existing Guarantors”), the party identified under the caption “Additional Guarantor” on the signature pages hereto (the “Additional Guarantor” and, together with the Existing Guarantors, the “Guarantors”) and U.S. Bank National Association, a national banking association organized under the laws of the United States of America, as trustee (the “Trustee”).
RECITALS
WHEREAS, the Company, the Existing Guarantors and the Trustee entered into that certain Indenture, dated as of June 17, 2008 (the “Base Indenture” and, as amended and supplemented by that certain First Supplemental Indenture, dated as of June 17, 2008, as further amended and supplemented by that certain Second Supplemental Indenture, dated as of October 1, 2012, and as further amended and supplemented by that certain Third Supplemental Indenture, dated as of October 12, 2012, and as further amended and supplemented by that certain Fourth Supplemental Indenture, dated as of June 21, 2016, and as further amended and supplemented from time to time, the “Indenture”), pursuant to which the Company has issued $450,000,000 principal amount of 6 1/4% Senior Notes due 2022 (the “Notes”);
WHEREAS, Section 10.01(6) of the Indenture provides that the Company, the Guarantors and the Trustee may amend or supplement the Indenture in order to add additional guarantors in accordance with Section 5.13 thereof, without the consent of the Holders of the Notes; 
WHEREAS, the Company has determined that this Supplemental Indenture is authorized or permitted by Section 10.01 of the Indenture and has delivered to the Trustee an Opinion of Counsel and Officers’ Certificate to the effect that all conditions precedent provided for in the Indenture to the execution and delivery of this Supplemental Indenture have been complied with;
WHEREAS, all acts and things prescribed by the Indenture necessary to make this Supplemental Indenture a valid and legally binding instrument according to its terms, and a valid and legally binding supplement to the Indenture have been done and performed;
NOW, THEREFORE, in consideration of the mutual agreements and covenants set forth herein, the parties hereto agree, subject to the terms and conditions hereinafter set forth, as follows for the benefit of the Trustee and the Holders (as defined in the Indenture):
ARTICLE I
Section 1.01.        This Supplemental Indenture is supplemental to the Indenture and does and shall be deemed to form a part of, and shall be construed in connection with and as part of, the Indenture for any and all purposes.
Section 1.02.        This Supplemental Indenture shall become effective immediately upon its execution and delivery by each of the Company, the Guarantors and the Trustee.
ARTICLE II
Section 2.01.        From this date, by executing this Supplemental Indenture, each of the Guarantors, including the Additional Guarantor, whose signatures appear below continue to be or hereby are, as applicable, subject to the provisions of the Indenture to the extent provided for in Article X thereto, and the Additional Guarantor has provided a Subsidiary Guarantee pursuant to the terms of the Indenture.

ARTICLE III
Section 3.01.        Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed and shall remain in full force and effect in accordance with their terms with all capitalized terms used herein without definition having the same respective meanings ascribed to them as in the Indenture.
Section 3.02.        Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Supplemental Indenture.  This Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto.
Section 3.03.        THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
Section 3.04.        The parties hereto may sign any number of counterparts of this Supplemental Indenture.  Each signed counterpart shall be an original, but all of such executed counterparts together shall represent the same agreement.  Delivery of an executed signature page to this Supplemental Indenture by facsimile or electronic transmission (i.e., .pdf or .tif) shall be as effective as delivery of a manually executed counterpart of this Supplemental Indenture.
Section 3.05.         The Recitals to this Supplemental Indenture are not contractual undertakings of any party.  To the extent that the Recitals represent the representations of any party, the Trustee makes the first two recitals to the extent applicable to the Trustee and the Trustee’s acts alone and, as to the fourth recital, the Trustee makes such recital based on information (including opinions) delivered to it.  
[NEXT PAGE IS SIGNATURE PAGE]

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.

THE COMPANY

BRISTOW GROUP INC.

By: /s/ Joseph A. Baj    
Name: Joseph A. Baj
Title:   Vice President and Treasurer

ADDITIONAL GUARANTOR

BRISTOW U.S. LEASING LLC
    
    

By: /s/ Joseph A. Baj    
Name:  Joseph A. Baj    
Title:    Manager

EXISTING GUARANTORS

BRISTOW U.S. LLC

By: /s/ Joseph A. Baj                
Name:  Joseph A. Baj     
Title:    Manager

BRISTOW ALASKA INC.
BRISTOW HELICOPTERS INC.    
BHNA HOLDINGS INC.
BRISTOW ACADEMY INC.

By: /s/ Joseph A. Baj                
Name:  Joseph A. Baj     
Title:    Vice President and Treasurer    

U.S. BANK NATIONAL ASSOCIATION,
as Trustee

By: /s/ Susan C. Chadbourne            
Name:  Susan C. Chadbourne
Title:    Vice PresidentExhibit

Exhibit 4.8

Execution Version

GENERAL TERMINATION AND RELEASE

(Bristow Academy, Inc., as Guarantor)

THIS GENERAL TERMINATION AND RELEASE (this “Agreement”), dated and effective as of November 1, 2017, is made by U.S. Bank National Association, in its capacity as trustee (in such capacity, the “Trustee”) under that certain Indenture dated as of June 17, 2008, among Bristow Group Inc. (the “Issuer”), the subsidiary guarantors signatory thereto, and Trustee, pursuant to which the Issuer has issued its 61⁄4% Senior Notes due 2022, as supplemented by the Third Supplemental Indenture dated as of October 12, 2012, as further supplemented by the Fourth Supplemental Indenture dated as of June 21, 2016, and as further supplemented by the Fifth Supplemental Indenture dated as of November 10, 2016 (the “Indenture”).  This Agreement is made by the Trustee for the benefit of Bristow Academy, Inc., a California corporation (“Guarantor”).  Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Indenture.

RECITALS:

A.Prior to the effectiveness of this Agreement, the Guarantor is a Guarantor under the Indenture.

B.Pursuant to Section 11.04(1) of the Indenture, a Guarantor shall be automatically and unconditionally released from all of its obligations under its Subsidiary Guarantee and its obligations under the Indenture upon a sale of all of the Capital Stock of such Guarantor owned by the Company or its Subsidiaries to a Person other than the Company or a Restricted Subsidiary; provided that the Net Proceeds of such sale or disposition are applied in accordance with Sections 4.10 and 5.10 of the Indenture. 

C.The Issuer has executed and delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel to the effect that all of the covenants and conditions provided for in the Indenture relating to the release of Guarantor from its obligations under its Subsidiary Guarantee and its obligations under the Indenture have been complied with.

D.Pursuant to Section 11.04(1) of the Indenture, the Issuer has requested that the Trustee release Guarantor from its obligations under its Subsidiary Guarantee and its obligations under the Indenture.

NOW THEREFORE, with intent to be legally bound hereby and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Trustee hereby acknowledges and agrees as follows:
SECTION 1.    Termination and Release.  The Trustee hereby acknowledges and agrees that Guarantor is hereby released from its Subsidiary Guarantee, and Guarantor is released from all its obligations under the Indenture.  Notwithstanding anything to the contrary contained in the preceding sentence, this Agreement shall not terminate or release any obligations or duties of Guarantor that by the terms of the Indenture specifically survive termination thereof.    

SECTION 2.    Further Assurances. The Trustee hereby agrees to deliver to the Issuer, at the Issuer’s sole cost and expense, including reasonable legal fees and out-of-pocket expenses, such releases, discharges and similar documents as the Issuer may reasonably request in connection with the release described in Section 1 above.  

SECTION 3.    Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York.  Delivery of this Agreement by facsimile or other electronic transmission shall have the same effect as delivery of a manually executed counterpart hereof.

[Signature Page to Follow.]

    

IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed by its officer thereunto duly authorized, as of the date first above written.
U.S. BANK NATIONAL ASSOCIATION, as Trustee

By: /s/ Susan C. Chadbourne            
Name:     Susan C. Chadbourne
Title:     Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00283-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00283-of-00352.parquet"}]]