Document:

Exhibit 10.1

 

FIRST AMENDMENT TO AMENDED AND RESTATED
CREDIT AGREEMENT

 

This First Amendment
to Amended and Restated Credit Agreement (this “Amendment”), dated as of September 30, 2016, is entered into
by and among Communications Systems, Inc., a Minnesota corporation (“Communications Systems”), JDL Technologies,
Incorporated, a Minnesota corporation (“JDL”), Transition Networks, Inc., a Minnesota corporation (“Transition
Networks”), Suttle, Inc., a Minnesota corporation (“Suttle”; together with Communications Systems,
Transition Networks and JDL, “Borrowers” and each a “Borrower”), and Wells Fargo Bank, National
Association, a national banking association (“Lender”).

 

RECITALS

 

Borrowers and Lender
are parties to an Amended and Restated Credit Agreement dated as of August 12, 2016 (as amended, supplemented, restated or otherwise
modified from time to time, the “Credit Agreement”). Capitalized terms used in these Recitals have the meanings
given to them in the Credit Agreement unless otherwise specified.

 

Borrowers have requested
that Lender agree to amend the Credit Agreement, and Lender is willing to grant Borrowers’ request pursuant to the terms
and conditions set forth in this Amendment.

 

NOW, THEREFORE, in
consideration of the premises and of the mutual covenants and agreements herein contained, it is agreed as follows:

 

1.         Defined
Terms. Capitalized terms used in this Amendment which are defined in the Credit Agreement shall have the same meanings
set forth therein, unless otherwise defined herein.

 

2.         Amendments
to Credit Agreement.

 

(a)         Section
1.1(b)(x) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

(x)          (i)
that portion of any Account owing from an Account Debtor (other than KGP Telecommunications and Tech Data Corporation) or its Affiliates
which represents the amount by which Borrowers’ Accounts owing from said Account Debtor (other than KGP Telecommunications
and Tech Data Corporation) and its Affiliates exceeds 15% of Borrowers’ total Accounts, (ii) that portion of any Account
owing from KGP Telecommunications or its Affiliates which represents the amount by which Borrowers’ Accounts owing from KGP
Telecommunications and its Affiliates exceeds 35% of Borrowers’ total Accounts and (iii) that portion of any Account owing
from Tech Data Corporation or its Affiliates which represents the amount by which Borrowers’ Accounts owing from Tech Data
Corporation and its Affiliates exceeds 25% of Borrowers’ total Accounts;

 

     

     

    
 

(b)         Section
4.10 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

SECTION
4.10.          DEPOSITORY RELATIONSHIP; DEPOSIT ACCOUNTS. Maintain
all of its cash management, collection, and operating accounts with Lender, and maintain only such deposit accounts as are described
in, and subject to the terms and conditions of, the applicable Security Agreement. Nothing in this Section 4.10 shall prevent
Borrowers from maintaining the UBS Securities Account, which Borrowers may close in their sole discretion from time to time. To
the extent Lender provides its written consent to the maintenance of a deposit account by a Loan Party with a financial institution
other than Lender, Loan Party will maintain a deposit account control agreement acceptable to Lender (a “Control Agreement”)
with each such financial institution (each, a “Controlled Account Bank”) with respect to each such deposit
account (each, a “Controlled Account”) at such Controlled Account Bank. Unless otherwise agreed by Lender,
each such Control Agreement will provide that the applicable Controlled Account Bank will forward, by daily standing wire transfer,
all amounts in such Controlled Account directly to a deposit account as directed by Lender. Notwithstanding the foregoing requirements
or any other requirement set forth in the Security Agreements, so long as (a) no Event of Default has occurred and is continuing
and the (b) the aggregate average amount deposited in each account designated in this sentence dose not exceed $100,000, the Loan
Parties may maintain each of the following accounts without delivering a Control Agreement with respect thereto: (i) deposit account
number 1110197016 maintained by Suttle with Frandsen Bank & Trust, and (ii) deposit account number 2000005145583308 maintained
by Twisted Technologies, Inc. with Branch Banking and Trust Company.

 

3.         No
Other Changes. Except as explicitly amended by this Amendment, all of the terms and conditions of the Credit Agreement and
the other Loan Documents remain in full force and effect.

 

4.         Conditions
Precedent. This Amendment shall be effective when Lender has received this Amendment, duly executed by Borrowers, together
with each of the following, each in form and substance acceptable to Lender in its sole discretion:

 

(a)         the
Acknowledgment and Agreement of Guarantor, duly executed by Guarantor; and

 

(b)         Such
other matters as Lender may require.

 

5.         Representations
and Warranties. Each Borrower hereby represents and warrants to Lender as follows:

 

(a)         Each
Borrower has all requisite power and authority to execute this Amendment and the other documents and agreements contemplated by
this Amendment and to perform all of its obligations thereunder, and this Amendment and the other documents and agreements contemplated
by this Amendment have been duly executed and delivered by each Borrower and constitute the legal, valid and binding obligations
of each Borrower, enforceable in accordance with their respective terms.

 

(b)         The
execution, delivery and performance by each Borrower of this Amendment and the other documents and agreements contemplated by this
Amendment have been duly authorized by all necessary corporate action and do not (i) require any authorization, consent or approval
by any governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, (ii) violate any provision
of any law, rule or regulation or of any order, writ, injunction or decree presently in effect, having applicability to any Borrower,
or the articles of incorporation or bylaws of any Borrower, or (iii) result in a breach of or constitute a default under any indenture
or loan or credit agreement or any other agreement, lease or instrument to which any Borrower is a party or by which it or its
properties may be bound or affected.

 

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(c)         All
of the representations and warranties contained in Article II of the Credit Agreement, and each other representation and warranty
contained in each other Loan Document, are correct on and as of the date hereof as though made on and as of such date, except to
the extent that such representations and warranties relate solely to an earlier date.

 

6.         References.
All references in the Credit Agreement to “this Agreement” shall be deemed to refer to the Credit Agreement as amended
hereby, and any and all references in the Loan Documents to the “Credit Agreement” shall be deemed to refer to the
Credit Agreement as amended hereby.

 

7.         No
Waiver. The execution of this Amendment and any documents related hereto shall not be deemed to be a waiver of any Default
or Event of Default under the Credit Agreement or breach, default or event of default under any other Loan Document or other document
held by Lender, whether or not known to Lender and whether or not existing on the date of this Amendment.

 

8.         Release.
Borrowers hereby absolutely and unconditionally releases and forever discharges Lender, and any and all participants, parent corporations,
subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the
present and former directors, officers, agents and employees of any of the foregoing, from any and all claims, demands or causes
of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal
law or otherwise, which any Borrower or any other Loan Party has had, now have or have made claim to have against any such Person
for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the
date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown.

 

9.         Costs
and Expenses. Borrowers hereby reaffirm their agreement under the Loan Documents, including Section 7.4 of the Credit Agreement,
to pay or reimburse Lender for all Lender Expenses, including, without limitation, all costs and expenses in connection with this
Amendment.

 

10.       Miscellaneous.
This Amendment constitutes a Loan Document under the Credit Agreement. This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed an original and all of which counterparts, taken
together, shall constitute one and the same instrument. Delivery of an executed signature page of this Amendment by facsimile
transmission or in a .pdf or similar electronic file shall be effective as delivery of a manually executed counterpart
thereof. Any provision of this Amendment which is prohibited or unenforceable shall be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions hereof. Article, Section, subsection,
paragraph and subparagraph headings in this Amendment are included herein for convenience of reference only and shall not
constitute a part of this Amendment for any other purpose. No amendment, modification, termination of waiver of any provision
of this Amendment shall be effective unless the same shall be in writing and signed by Lender. The validity of this Amendment
and the construction, interpretation, and enforcement of this Amendment, and the rights of the parties, as well as all
claims, controversies or disputes arising under or related to this Amendment will be determined under, governed by and
construed in accordance with the laws of the State of Minnesota without regard conflicts of laws principles.

 

Signature page follows

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly
authorized as of the date first above written.

 

	 	COMMUNICATIONS SYSTEMS, INC.
	 	 	 
	 	By:	 
	 	Name: Mark Fandrich
	 	Title:   Chief Financial Officer 

	 	 
	 	JDL TECHNOLOGIES, INCORPORATED
	 	 	 
	 	By:	 
	 	Name: Mark Fandrich
	 	Title:   Chief Financial Officer

	 	 
	 	TRANSITION NETWORKS, INC.
	 	 	 
	 	By:	
	 	Name: Mark Fandrich
	 	Title:   Chief Financial Officer 

	 	 
	 	SUTTLE, INC.
	 	 	 
	 	By:	 
	 	Name: Mark Fandrich
	 	Title:   Chief Financial Officer 

 

First
Amendment to Amended and Restated Credit Agreement

 

     

     

    

 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 	 
	 	By:	 
	 	Name: Chris Markham
	 	Title: Assistant Vice President

 

First
Amendment to Amended and Restated Credit Agreement

 

     

     

    

 

ACKNOWLEDGMENT
AND AGREEMENT OF GUARANTOR

 

The
undersigned is a guarantor of the debts, liabilities and obligations of Communications Systems, Inc., a Minnesota corporation
(“Communications Systems”), JDL Technologies, Incorporated, a Minnesota corporation (“JDL”),
Transition Networks, Inc., a Minnesota corporation (“Transition Networks”), Suttle, Inc., a Minnesota corporation
(“Suttle”; together with Communications Systems, Transition Networks and JDL, “Borrowers”
and each a “Borrower”), under that certain Guaranty dated as of August 12, 2016 (as amended, restated, supplemented
or otherwise modified from time to time, together with all joinders thereto, the “Guaranty”) in favor of Wells
Fargo Bank, National Association, a national banking association (“Lender”), pursuant to which the undersigned
guaranteed the full and prompt payment and performance of the Obligations (as defined in therein). The undersigned hereby: (i)
acknowledges receipt of the foregoing First Amendment to Amended and Restated Credit Agreement between Borrowers and Lender (the
“Amendment”); (ii)consents to the terms and execution of the Amendment; (iii)reaffirms its obligations to
Lender and the guaranty of the Obligations pursuant to the terms of the Guaranty; (iv) hereby absolutely and unconditionally releases
and forever discharges Lender and any and all participants, parent corporations, subsidiary corporations, affiliated corporations,
insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents
and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description,
whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which the undersigned
has had, now has or has made claim to have against any such person or entity for or by reason of any act, omission, matter, cause
or thing whatsoever arising from the beginning of time to and including the date of the Amendment, whether such claims, demands
and causes of action are matured or unmatured or known or unknown; and (v) acknowledges that Lender may amend, restate, extend,
renew or otherwise modify the Credit Agreement (as defined in the Amendment) or any of the other Loan Documents (as defined in
the Credit Agreement referenced in the Amendment) and any indebtedness, liabilities, obligations or agreements of Borrowers or
any other person or entity, or enter into any agreement or extend additional or other credit accommodations, without notifying
or obtaining the consent of the undersigned and without impairing the obligations of the undersigned under the Guaranty or otherwise.

 

IN
WITNESS WHEREOF, the undersigned has caused this Acknowledgment and Agreement of Guarantor to be duly executed as of September
30, 2016.

	 	 	 
	 	TWISTED TECHNOLOGIES, INC.
	 	 
	 	By:	 
	 	Name: Mark Fandrich
	 	Title:   Chief Financial
    Officer

 

Acknowledgment
and Agreement of Guarantor to First Amendment to Amended and Restated Credit AgreementExhibit 10.1

  

AMENDMENT TO PLAN SUPPORT AGREEMENT

 

THIS AMENDMENT dated as of November 3, 2016
(this “Amendment”) is entered into by and among:

 

(i) CHC Group Ltd. (the “Company”);

 

(ii) 6922767 Holding SARL, Capital Aviation
Services B.V., CHC Cayman ABL Borrower Ltd., CHC Cayman ABL Holdings Ltd., CHC Cayman Investments I Ltd., CHC Den Helder B.V.,
CHC Global Operations (2008) ULC, CHC Global Operations Canada (2008) ULC, CHC Global Operations International ULC, CHC Helicopter
(1) S.à r.l., CHC Helicopter (2) S.à r.l., CHC Helicopter (3) S.à r.l., CHC Helicopter (4) S.à r.l.,
CHC Helicopter (5) S.à r.l., CHC Helicopter Australia Pty Ltd, CHC Helicopter Holding S.à r.l., CHC Helicopter S.A.,
CHC Helicopters (Barbados) Limited, CHC Helicopters (Barbados) SRL, CHC Holding (UK) Limited, CHC Holding NL B.V., CHC Hoofddorp
B.V., CHC Leasing (Ireland) Limited, CHC Netherlands B.V., CHC Norway Acquisition Co AS, Heli-One (Netherlands) B.V., Heli-One
(Norway) AS, Heli-One (U.S.) Inc., Heli-One (UK) Limited, Heli-One Canada ULC, Heli-One Holdings (UK) Limited, Heli-One Leasing
(Norway) AS, Heli-One Leasing ULC, Heli-One USA Inc., Heliworld Leasing Limited, Integra Leasing AS, Lloyd Bass Strait Helicopters
Pty. Ltd., Lloyd Helicopter Services Limited, Lloyd Helicopter Services Pty. Ltd., Lloyd Helicopters International Pty. Ltd., Lloyd
Helicopters Pty. Ltd., Management Aviation Limited, each such entity an affiliate of the Company (such entities, together with
the Company, the “CHC Parties” and each a “CHC Party”);

 

(iii) the undersigned beneficial holders,
or investment advisors or managers for the account of such beneficial holders together with their respective successors and permitted
assigns (each, a “Plan Sponsor” and, collectively, the “Plan Sponsors”), of the 9.25% Senior
Secured Notes due 2020 issued under that certain Indenture, dated as of October 4, 2010, by and among CHC Helicopter S.A., as issuer,
each of the guarantors named therein, HSBC Corporate Trustee Company (UK) Limited, as collateral agent, and The Bank of New York
Mellon, as indenture trustee;

 

(iv) the Official Committee of Unsecured
Creditors (the “UCC”);1

 

(v) The Milestone Aviation Group Limited
(“Milestone”) and The Milestone Aviation Asset Holding Group No. 1 Ltd (“Milestone 1”), The
Milestone Aviation Asset Holding Group No. 8 Ltd (“Milestone 8”), The Milestone Aviation Asset Holding Group
No. 20 Ltd (“Milestone 20”), The Milestone Aviation Asset Holding Group No. 25 Ltd (“Milestone 25”
and together with Milestone 1, Milestone 8 and Milestone 20, the “Milestone Beneficial Owners”), Milestone Export
Leasing, Limited (“Milestone Export”), GE Capital Equipment Finance Ltd (“GE Capital”) and
GE European Equipment Finance (Aircraft No. 2) Limited (“GE European” and together with Milestone Export and
GE Capital, the “Milestone Lessors”) (each of Milestone, the Milestone Beneficial Owners, and the Milestone
Lessors, a “Milestone Party” and collectively, the “Milestone Parties”),

 

 

1 The capitalized
term “UCC” does not apply to the members of the UCC in their individual capacities. All members of the UCC reserve
and retain their individual rights, whatever they may be, with respect to this Amendment and any motions filed before the Bankruptcy
Court. For the avoidance of doubt, the obligations set forth in this Amendment shall be construed to bind any individual member
of the UCC only if such member has separately executed this Amendment or a Joinder Agreement in its individual capacity.

 

    1 

     

    

 

(vi) Marble Ridge Capital L.P. (“Marble
Ridge”) as a beneficial holder (or an investment advisor to or manager for the account of such a holder) of 9.375% Senior
Notes due 2021, issued by CHC Helicopter S.A. pursuant to that certain indenture, dated as of May 13, 2013, by and among CHC Helicopter
S.A., as issuer, each of the guarantors named therein and Law Debenture Trust Company, as successor trustee; and

 

(vii) Solus Alternative Asset Management
LP (“Solus” and, together with Marble Ridge, the “Individual Creditor Parties”) as a beneficial
holder (or an investment advisor to or manager for the account of such a holder) of Unsecured Notes.

 

The CHC Parties, the
Plan Sponsors, the UCC, the Milestone Parties and the Individual Creditor Parties are referred to herein as the “Amendment
Parties” and each individually as an “Amendment Party.” Capitalized terms not otherwise defined herein
shall have the meanings ascribed thereto in the PSA (as defined below).

 

RECITALS

 

WHEREAS,
the Amendment Parties (together with certain other parties) entered into that certain Plan Support Agreement dated
as of October 11, 2016 (as amended, supplemented or otherwise modified from time to time, the “PSA”);

 

WHEREAS, the Amendment
Parties wish to amend certain provisions of the PSA; and

 

WHEREAS, the Amendment
Parties wish to take such actions necessary to give effect to such amendments.

 

AMENDMENTS

 

NOW, THEREFORE, in consideration
of the premises and the covenants and agreements contained herein and in the PSA, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Amendment Parties agree
as follows:

 

Section 1.          Amendments.

 

(a)          Section
5(b)(viii) of the PSA is hereby amended and restated in its entirety as follows:

 

    2 

     

    

 

“(viii)      incur,
create, assume or suffer to exist any indebtedness or any guarantee of any indebtedness of any of the CHC Parties or the CHC Parties’
direct and indirect subsidiaries and affiliates, except (A) indebtedness and guarantees existing and outstanding as of September
1, 2016, (B) trade payables, and with liabilities arising and incurred in the ordinary course of business consistent past practice
and (C) intercompany indebtedness among the CHC Parties or the CHC Parties’ direct and indirect subsidiaries and affiliates,
consistent with their respective cash management systems or as contemplated by the restructuring transactions to be outlined in
an exhibit to the CHC Plan;”

 

(b)          Subsections
(A), (B), (D), (E), (F) and (G) of Section 6(a)(ii) of the PSA are hereby amended and restated in their entirety as follows:

 

“(A)         obtain
entry of the PSA Approval Order by the Bankruptcy Court as soon as reasonably practicable and in no event later than November 23,
2016;”

 

“(B)         file
the CHC Plan and CHC Disclosure Statement with the Bankruptcy Court by no later than November 11, 2016, which CHC Plan and CHC
Disclosure Statement shall be in all respects reasonably acceptable to the CHC Parties, the Requisite Plan Sponsors and the UCC;”

 

“(D)         obtain
entry of the CHC Disclosure Statement Order and the Rights Offering Order by the Bankruptcy Court no later than December 22, 2016,
which orders shall be in all respects reasonably acceptable to the CHC Parties, the Requisite Plan Sponsors and the UCC;”

 

“(E)         commence
the Solicitation and Rights Offering no later than five (5) business days after both the entry of the CHC Disclosure Statement
Order and the order approving the Rights Offering Procedures by the Bankruptcy Court;”

 

“(F)         obtain
the entry by the Bankruptcy Court of the Final Cash Collateral Order by no later than November 30, 2016, which order is in all
respects reasonably acceptable to the CHC Parties, Plan Sponsors and the UCC;”

 

“(G)         obtain
the entry of a Final Order confirming the CHC Plan pursuant to section 1129 of the Bankruptcy Code (the “Confirmation
Order”) by no later than March 17, 2017, which CHC Plan and Confirmation Order are in all respects reasonably acceptable
to the CHC Parties, the Requisite Plan Sponsors and the UCC; or”

 

(c)          Section
6(e)(vii) of the PSA is hereby amended and restated in its entirety as follows:

 

“(vii)       if
the Confirmation Order is not entered by March 31, 2017, which CHC Plan and Confirmation Order are in all respects reasonably acceptable
to the CHC Parties, Requisite Plan Sponsors and UCC;”

 

    3 

     

    

 

(d)          Section
10 of the PSA is hereby amended and restated in its entirety as follows:

 

“This Agreement
may be modified, amended or supplemented, and any terms may be waived, only upon written approval of the CHC Parties (which written
approval may be executed by the Company on behalf of all the CHC Parties), the Requisite Plan Sponsors and the UCC, and, solely
to the extent such modification, amendment, supplement or waiver materially, adversely, disproportionately and directly impacts
(x) the treatment of any Claims of the Individual Creditor Parties or the Milestone Parties, held directly or indirectly through
the Milestone Trustees acting on its behalf, (y) the rights or obligations of the Individual Creditor Parties or the Milestone
Parties hereunder or (z) the terms of the Milestone Term Sheet and Milestone Documents with respect to the Milestone Parties, upon
written approval of the Individual Creditor Parties or the Milestone Parties (which written approval may be executed by Milestone
on behalf of all the Milestone Parties), to the extent applicable to such Party; provided that if the modification, amendment,
supplement or waiver at issue materially, adversely and directly impacts the treatment or rights of any Plan Sponsor differently
than any other Plan Sponsor other than as set forth in this Agreement, the agreement in writing of such Plan Sponsor shall also
be required for such modification, amendment, supplement or waiver to be effective. Any modification, amendment, supplement or
waiver made in compliance with this Section 10 shall be binding on all Parties, regardless of whether a particular Party has executed
or consented to such modification, amendment, supplement or waiver. Notwithstanding anything to the contrary herein, the Milestone
Term Sheet and the Milestone Documents may not be modified, amended, or supplemented, nor may any terms therein be waived, without
the express written consent of the Milestone Parties (which written approval may be executed by Milestone on behalf of all the
Milestone Parties).”

 

(e)          The
Milestone Term Sheet (which was attached to the PSA as Exhibit C) is hereby amended in the form set forth in Exhibit A hereto.

 

Section 2.          Effectiveness.
This Amendment shall become effective and binding on the Amendment Parties in accordance with the terms of the PSA upon the execution
and delivery by the CHC Parties, the Requisite Plan Sponsors, the UCC, the Milestone Parties and the Individual Creditor Parties
of an executed signature page hereto; provided, however, the CHC Parties, the Requisite Plan Sponsors and the UCC
expressly reserve all rights, and take no position, with respect to whether the consent of the Individual Creditor Parties is required
pursuant to Section 10 of the PSA in order for this Amendment to become effective and binding.

 

Section 3.          Miscellaneous.

 

3.1           Except
as specifically set forth herein, the terms of the PSA shall remain in full force and effect and are hereby ratified and confirmed.

 

3.2           This
Amendment may be executed in several counterparts, each of which shall be deemed to be an original, and all of which together shall
be deemed to be one and the same agreement. Execution copies of this Amendment delivered by facsimile, PDF or otherwise shall be
deemed to be an original for the purposes of this paragraph.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF,
the Amendment Parties have caused this Amendment to be duly executed and delivered as of the day and year first written above.

 

	 	CHC PARTIES
	 	 
	 	CHC Group Ltd. 
	 	 	 
	 	By:	/s/ Karl Fessenden
	 	 	Name: Karl Fessenden
	 	 	Title: President and Chief Executive Officer
	 	 	 
	 	6922767 Holding SARL
	 	 	 
	 	By:	/s/ Hooman Yazhari
	 	 	Name: Hooman Yazhari
	 	 	Title: Class A Manager
	 	 	 
	 	Capital Aviation Services B.V.
	 	 	 
	 	By:	/s/ Chris Krajewski
	 	 	Name: Chris Krajewski
	 	 	Title: Director
	 	 	 
	 	CHC Cayman ABL Borrower Ltd.
	 	 	 
	 	By:	/s/ Hooman Yazhari
	 	 	Name: Hooman Yazhari
	 	 	Title: Director
	 	 	 
	 	CHC Cayman ABL Holdings Ltd.
	 	 	 
	 	By:	/s/ Hooman Yazhari
	 	 	Name: Hooman Yazhari
	 	 	Title: Director

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	 	CHC Cayman Investments I Ltd.
	 	 	 
	 	By:	/s/ Hooman Yazhari
	 	 	Name: Hooman Yazhari
	 	 	Title: Director
	 	 	 
	 	CHC Den Helder B.V.
	 	 	 
	 	By:	/s/ Chris Krajewski
	 	 	Name: Chris Krajewski
	 	 	Title: Director
	 	 	 
	 	CHC Global Operations (2008) ULC
	 	 	 
	 	By:	/s/ Paul King
	 	 	Name: Paul King
	 	 	Title: Senior Vice President and Chief Information Officer
	 	 	 
	 	CHC Global Operations Canada (2008) ULC
	 	 	 
	 	By:	/s/ Paul King
	 	 	Name: Paul King
	 	 	Title: Senior Vice President and Chief Information Officer
	 	 	 
	 	CHC Global Operations International ULC
	 	 	 
	 	By:	/s/ Paul King
	 	 	Name: Paul King
	 	 	Title: Senior Vice President and Chief Information Officer
	 	 	 
	 	CHC Helicopter (1) S.à r.l.
	 	 	 
	 	By:	/s/ Hooman Yazhari
	 	 	Name: Hooman Yazhari
	 	 	Title: Class A Manager

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	 	CHC Helicopter (2) S.à r.l.
	 	 	 
	 	By:	/s/ Hooman Yazhari
	 	 	Name: Hooman Yazhari
	 	 	Title: Class A Manager
	 	 	 
	 	CHC Helicopter (3) S.à r.l.
	 	 	 
	 	By:	/s/ Hooman Yazhari
	 	 	Name: Hooman Yazhari
	 	 	Title: Class A Manager
	 	 	 
	 	CHC Helicopter (4) S.à r.l.
	 	 	 
	 	By:	/s/ Hooman Yazhari
	 	 	Name: Hooman Yazhari
	 	 	Title: Class A Manager
	 	 	 
	 	CHC Helicopter (5) S.à r.l.
	 	 	 
	 	By:	/s/ Hooman Yazhari
	 	 	Name: Hooman Yazhari
	 	 	Title: Class A Manager
	 	 	 
	 	CHC Helicopter Australia Pty Ltd
	 	 	 
	 	By:	/s/ Lee Eckert
	 	 	Name: Lee Eckert
	 	 	Title: Finance Director
	 	 	 
	 	CHC Helicopter Holding S.à r.l.
	 	 	 
	 	By:	/s/ Hooman Yazhari
	 	 	Name: Hooman Yazhari
	 	 	Title: Class A Manager

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

  

	 	CHC Helicopter S.A.
	 	 	 
	 	By:	/s/ Hooman Yazhari
	 	 	Name: Hooman Yazhari
	 	 	Title: Class A Manager
	 	 	 
	 	CHC Helicopters (Barbados) Limited
	 	 	 
	 	By:	/s/ John R.S. Mackenzie
	 	 	Name: John R.S. Mackenzie
	 	 	Title: Director
	 	 	 
	 	CHC Helicopters (Barbados) SRL
	 	 	 
	 	By:	/s/ John R.S. Mackenzie
	 	 	Name: John R.S. Mackenzie
	 	 	Title: Manager
	 	 	 
	 	CHC Holding (UK) Limited
	 	 	 
	 	By:	/s/ Dennis Corbett
	 	 	Name: Dennis Corbett
	 	 	Title: Director
	 	 	 
	 	CHC Holding NL B.V.
	 	 	 
	 	By:	/s/ Chris Krajewski
	 	 	Name: Chris Krajewski
	 	 	Title: Director
	 	 	 
	 	CHC Hoofddorp B.V.
	 	 	 
	 	By:	/s/ Chris Krajewski
	 	 	Name: Chris Krajewski
	 	 	Title: Director

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	 	CHC Leasing (Ireland) Limited
	 	 	 
	 	By:	/s/ Declan Moloney
	 	 	Name: Declan Moloney
	 	 	Title: Director
	 	 	 
	 	CHC Netherlands B.V.
	 	 	 
	 	By:	/s/ Chris Krajewski
	 	 	Name: Chris Krajewski
	 	 	Title: Director
	 	 	 
	 	CHC Norway Acquisition Co AS
	 	 	 
	 	By:	/s/ Edward Herbert Lane
	 	 	Name: Edward Herbert Lane
	 	 	Title: Managing Director
	 	 	 
	 	Heli-One (Netherlands) B.V.
	 	 	 
	 	By:	/s/ Chris Krajewski
	 	 	Name: Chris Krajewski
	 	 	Title: Director
	 	 	 
	 	Heli-One (Norway) AS
	 	 	 
	 	By:	/s/ Edward Herbert Lane
	 	 	Name: Edward Herbert Lane
	 	 	Title: Managing Director

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	 	Heli-One (U.S.) Inc.
	 	 	 
	 	By:	/s/ Anthony DiNota
	 	 	Name: Anthony DiNota
	 	 	Title: President
	 	 	 
	 	Heli-One (UK) Limited
	 	 	 
	 	By:	/s/ Dennis Corbett
	 	 	Name: Dennis Corbett
	 	 	Title: Director
	 	 	 
	 	Heli-One Canada ULC
	 	 	 
	 	By:	/s/ Paul King
	 	 	Name: Paul King
	 	 	Title: Senior Vice President and Chief Information Officer
	 	 	 
	 	Heli-One Holdings (UK) Limited
	 	 	 
	 	By:	/s/ Dennis Corbett
	 	 	Name: Dennis Corbett
	 	 	Title: Director
	 	 	 
	 	Heli-One Leasing (Norway) AS
	 	 	 
	 	By:	/s/ Edward Herbert Lane
	 	 	Name: Edward Herbert Lane
	 	 	Title: Chairman
	 	 	 
	 	Heli-One Leasing ULC
	 	 	 
	 	By:	/s/ Paul King
	 	 	Name: Paul King
	 	 	Title: Senior Vice President and Chief Information Officer

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

  

	 	Heli-One USA Inc.
	 	 	 
	 	By:	/s/ Anthony DiNota
	 	 	Name: Anthony DiNota
	 	 	Title: President
	 	 	 
	 	Heliworld Leasing Limited
	 	 	 
	 	By:	/s/ Dennis Corbett
	 	 	Name: Dennis Corbett
	 	 	Title: Director
	 	 	 
	 	Integra Leasing AS
	 	 	 
	 	By:	/s/ Edward Herbert Lane
	 	 	Name: Edward Herbert Lane
	 	 	Title: Director
	 	 	 
	 	Lloyd Bass Strait Helicopters Pty. Ltd.
	 	 	 
	 	By:	/s/ Lee Eckert
	 	 	Name: Lee Eckert
	 	 	Title: Finance Director
	 	 	 
	 	Lloyd Helicopter Services Limited
	 	 	 
	 	By:	/s/ Dennis Corbett
	 	 	Name: Dennis Corbett
	 	 	Title: Director
	 	 	 
	 	Lloyd Helicopter Services Pty. Ltd.
	 	 	 
	 	By:	/s/ Lee Eckert
	 	 	Name: Lee Eckert
	 	 	Title: Finance Director

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	 	Lloyd Helicopters International Pty. Ltd.
	 	 	 
	 	By:	/s/ Lee Eckert
	 	 	Name: Lee Eckert
	 	 	Title: Finance Director
	 	 	 
	 	Lloyd Helicopters Pty. Ltd.
	 	 	 
	 	By:	/s/ Lee Eckert
	 	 	Name: Lee Eckert
	 	 	Title: Finance Director
	 	 	 
	 	Management Aviation Limited
	 	 	 
	 	By:	/s/ Dennis Corbett
	 	 	Name: Dennis Corbett
	 	 	Title: Director

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

REQUISITE PLAN SPONSORS

 

ALLIANCEBERNSTEIN L.P.

on behalf of its discretionary
accounts

 

	By:	 /s/ Robert Schwartz	 
	 	 
	Name:	 Robert Schwartz	 
	 	 
	Title:	 Senior Vice President	 

 

Future Fund Board of Guardians

By: Bain Capital Credit, LP,
as Investment Manager

 

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 

 

Sankaty Credit Opportunities (F), L.P

 

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

Sankaty Credit Opportunities
V AIV II (Master), L.P.

 

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 

 

Sankaty Credit Opportunities
VI-A, L.P.

 

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 

 

Sankaty Credit Opportunities
VI-B (Master), L.P.

 

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        Sankaty Managed Account (CalPERS),
        L.P.

         

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 
	
         

        Bain Capital High Income Partnership,
        L.P.

         

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 
	
         

        Sankaty Managed Account (E),
        L.P.

         

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 

 

	
        Sankaty Managed Account (FSS),
        L.P.

         

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        Sankaty Managed Account (PSERS),
        L.P.

         

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 
	
         

        Sankaty Managed Account (TCCC),
        L.P.

         

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 

 

	
        Sankaty Rio Grande FMC, L.P.

         

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        Sears Holdings Pension Trust

        By: Bain Capital Credit, LP,
        as Investment Manager

         

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 
	 
	
        Sankaty Credit Opportunities
        VI-EU (Master), L.P.

         

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 

 

	
        Sankaty Credit Opportunities
        VI-G, L.P.

         

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 
	
         

        Los Angeles County Employees
        Retirement Association

        By: Bain Capital Credit, LP,
        as Manager

         

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        American Century Capital Portfolios,
        Inc. – AC Alternatives Income Fund

        By: Bain Capital Credit, LP,
        as Subadvisor

         

	By:	 /s/ Andrew S. Viens	 
	 	 
	Name:	 Andrew S. Viens	 
	 	 
	Title:	Executive Vice President	 

 

	
        Carl Marks Strategic Investments,
        L.P.

         

	By:	 /s/ James F. Wilson	 
	 	 
	Name:	 James F. Wilson	 
	 	 
	Title:	 Managing Member	 

 

	
        Carl Marks Strategic Opportunities
        Fund II, L.P.

         

	By:	 /s/ James F. Wilson	 
	 	 
	Name:	 James F. Wilson	 
	 	 
	Title:	 Managing Member	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        Tennenbaum Special Situations
        IX-O, LP

        By: Tennenbaum Capital Partners,
        LLC

        Its: Investment Manager

         

	By:	 /s/ David Hollander	 
	 	 
	Name:	 David Hollander	 
	 	 
	Title:	 Managing Partner	 

 

	
        Tennenbaum Special Situations
        Fund IX-C, LP

        By: Tennenbaum Capital Partners,
        LLC

        Its: Investment Manager

         

	By:	 /s/ David Hollander	 
	 	 
	Name:	 David Hollander	 
	 	 
	Title:	 Managing Partner	 

 

	
        Tennenbaum Special Situations
        Fund IX, LLC

        By: Tennenbaum Capital Partners,
        LLC

        Its: Investment Manager

         

	By:	 /s/ David Hollander	 
	 	 
	Name:	 David Hollander	 
	 	 
	Title:	 Managing Partner	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        Tennenbaum Opportunities Fund,
        VI, LLC

        By: Tennenbaum Capital Partners,
        LLC

        Its: Investment Manager

         

	By:	 /s/ David Hollander	 
	 	 
	Name:	 David Hollander	 
	 	 
	Title:	 Managing Partner	 
	
         

        Tennenbaum Special Situations
        IX-S, LP

        By: Tennenbaum Capital Partners,
        LLC

        Its: Investment Manager

         

	By:	 /s/ David Hollander	 
	 	 
	Name:	 David Hollander	 
	 	 
	Title:	 Managing Partner	 

 

	
        Wayzata Opportunities Fund
        III, L.P.

        By: WOF III GP, L.P., its
        General Partner

        By: WOF III GP, LLC, its General
        Partner

         

	By:	 /s/ Mary Burns	 
	 	 
	Name:	 Mary Burns	 
	 	 
	Title:	 Authorized Signatory	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        Wayzata Opportunities Fund
        Offshore III, L.P.

        By: Wayzata Offshore GP III,
        LLC, its General Partner

         

	By:	 /s/ Mary Burns	 
	 	 
	Name:	 Mary Burns	 
	 	 
	Title:	 Authorized Signatory	 

 

	
        FRANKLIN ADVISERS, INC. as
        investment

        manager on behalf of certain
        funds and accounts

         

	By:	 /s/ Glenn Voyles	 
	 	 
	Name:	 Glenn Voyles	 
	 	 
	Title:	 Vice President	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        UCC

         

        Official Committee of Unsecured
        Creditors

 

	/s/ Douglas H. Mannal
	 
	Douglas H. Mannal
	 
	Counsel to the UCC

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        INDIVIDUAL CREDITOR PARTIES

         

        Marble Ridge Capital L.P.

         

	By:	/s/ Daniel Kamensky	 
	 	 
	Name:	Daniel Kamensky	 
	 	 
	Title:	Authorized Signatory	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        Solus Alternative Asset Management
        LP

         

	By:	/s/ C.J. Lanktree	 
	 	 
	Name:	C.J. Lanktree	 
	 	 
	Title:	EVP/Partner	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        MILESTONE PARTIES

         

        The Milestone Aviation Group
        Limited

         

	By:	 /s/ Mark England	 
	 	 
	Name:	 Mark England	 
	 	 
	Title:	 Assistant Secretary	 
	 	 	 
	Location:	
        Minerva House, 2nd Floor

        Simmonscourt Road

        Ballsbridge

        Dublin 4, Ireland
	 

 

	
        The Milestone
Aviation Asset Holding Group No. 1 Ltd

         

	By:	 /s/ Mark England	 
	 	 
	Name:	 Mark England	 
	 	 
	Title:	 Director	 
	 	 
	Location:	
        Minerva House, 2nd Floor

        Simmonscourt Road

        Ballsbridge

        Dublin 4, Ireland
	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        

        The Milestone Aviation Asset
        Holding Group No. 8 Ltd

         

	By:	 /s/ Mark England	 
	 	 
	Name:	 Mark England	 
	 	 
	Title:	 Director	 

 

	Location:	
        Minerva House, 2nd Floor

        Simmonscourt Road

        Ballsbridge

        Dublin 4, Ireland
	 
	
         

        The Milestone Aviation Asset
        Holding Group No. 20 Ltd

         

	By:	 /s/ Mark England	 
	 	 
	Name:	 Mark England	 
	 	 
	Title:	 Director	 

 

	Location:	
        Minerva House, 2nd Floor

        Simmonscourt Road

        Ballsbridge

        Dublin 4, Ireland
	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

  

	
        The Milestone Aviation Asset
        Holding Group No. 25 Ltd

         

	By:	 /s/ Mark England	 
	 	 
	Name:	 Mark England	 
	 	 
	Title:	 Director	 

 

	Location:	
        Minerva House, 2nd Floor

        Simmonscourt Road

        Ballsbridge

        Dublin 4, Ireland
	 

 

	
        

        Milestone Export Leasing,
        Ltd.

         

	By:	 /s/ Mark England	 
	 	 
	Name:	 Mark England	 
	 	 
	Title:	 Company Secretary	 

 

	Location:	
        Minerva House, 2nd Floor

        Simmonscourt Road

        Ballsbridge

        Dublin 4, Ireland

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

	
        GE Capital Equipment Finance
        Ltd.

         

	By:	 /s/ David Wallis (as attorney)	 
	 	 
	Name:	 David Wallis	 
	 	 
	Title:	 Lead Counsel, Corporate Aircraft	 

 

	
        

        GE European Equipment Finance
        (Aircraft No. 2) Limited

         

	By:	 /s/ David Wallis (as attorney)	 
	 	 
	Name:	 David Wallis	 
	 	 
	Title:	 Lead Counsel, Corporate Aircraft	 

 

[ Signature Page to Amendment to PSA
]

 

     

     

    

 

EXHIBIT A

 

AMENDMENT TO THE MILESTONE TERM SHEET

 

 

 

    

     

    

 

 

 

AMENDMENT NO.1

 

TO TERM SHEET

 

This Amendment No.1 to
Term Sheet (the “Amendment”) is entered into as of November 3, 2016, between CHC Group Ltd., as debtor and debtor
in possession (“CHC”) and The Milestone Aviation Group Limited (“Milestone”) and amends the
Term Sheet dated October 11, 2016 between CHC and Milestone (the “Term Sheet”).

 

WHEREAS:

 

CHC and Milestone (together
the “Parties”) entered into the Term Sheet. The Parties intend to amend the Term Sheet as set out in Clause
2 herein.

 

IT IS AGREED as follows:

 

		1.	Definitions

 

Capitalized terms used
herein and not otherwise defined herein shall have the meaning set forth in the Term Sheet.

 

		2.	Amendment

 

The Parties herein agree
that the Term Sheet shall be amended with effect from the date of this Amendment as follows:

 

The definition
of “Qualified Plan Confirmation Order Outside Date” shall be deleted in its entirety and replaced with the following:

 

“Qualified
Plan Confirmation Order Outside Date” shall mean March 17, 2017.

 

		3.	General 

 

		3.1	Sections 4.3 (Confidentiality), 4.4 (Miscellaneous) and 4.5 (Governing Law)
of the Term Sheet are hereby incorporated by reference into (and made part of) this Amendment as if fully set forth herein and
any reference in such sections to “this Term Sheet” shall be read to refer to “this Amendment”.

 

		3.2	No variation of this Amendment shall be effective unless made in writing and signed by or on behalf
of the Parties.

 

     

     

    

 

		3.3	The Term Sheet shall remain in full force and unchanged in relation to any other matters not expressly
set out in this Amendment and any reference in the Term Sheet to “this Term Sheet” shall be read and construed as a
reference to the Term Sheet as amended by this Amendment.

 

		3.4	The effectiveness of this Amendment is conditioned upon and subject to the approval of the United
States Bankruptcy Court for the Northern District of Texas.

 

[Remainder
of Page Intentionally Left Blank; Signature Page Follows.]

 

    2 

     

    

 

IN WITNESS WHEREOF, the
Parties hereto have duly executed this Amendment No. 1 to the Term Sheet on the date and year set out above.

 

	THE MILESTONE AVIATION GROUP LIMITED	 	CHC GROUP LTD. 
	 	 	 
	By: 	/s/ Mark England	 	By:	/s/ Nicolas P. Stable
	 	Name: Mark England                  	 	 	Name: Nicolas P. Stable                      
	 	
        Title: Assistant Secretary           

        Location: Minerva House

        2nd Floor 

        Smimonscourt Road

        Ballsbridge

        Dublin 4, Ireland
	 	 	Title: Vice President                            

 

    3

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