Document:

exv10w7

 

Exhibit 10.7

RESTRICTED STOCK AWARD AGREEMENT

Cal Dive International, Inc.

2006 Long Term Incentive Plan

This Restricted Stock Award Agreement (the “Agreement”) is made by and between Cal
Dive International, Inc. (“Company”) and «Name» (“Employee”) effective as of
December 19, 2006 (“Grant Date”), pursuant to the Cal Dive International,, Inc. 2006 Long
Term Incentive Plan, (the “Plan”), which is incorporated by reference herein in its
entirety.

     WHEREAS, the Company desires to grant to the Employee the shares of equity securities
specified herein (the “Shares”), subject to the terms and conditions of the Plan and the
terms and conditions of this Agreement; and

     WHEREAS, the Employee desires to have the opportunity to hold Shares subject to the terms and
conditions of this Agreement and the Plan;

     NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the parties hereto, intending to be legally bound hereby, agree as follows:

1. Definitions. For purposes of this Agreement, the following terms shall have the meanings
indicated:

	 	(a)	 	“Forfeiture Restrictions” shall mean any prohibitions and restrictions
set forth herein with respect to the sale or other disposition of Shares issued to the
Employee hereunder and the obligation to forfeit and surrender such shares to the
Company.
	 
	 	(b)	 	“Restricted Shares” shall mean the Shares that are subject to the
Forfeiture Restrictions under this Agreement.

Capitalized terms not otherwise defined in this Agreement shall have the meanings given to such
terms in the Plan.

2. Grant of Restricted Shares. Effective as of the Grant Date, the Company shall cause to be
issued in the Employee’s name in book entry form the following Shares as Restricted Shares:
«Shares» shares of the Company’s common stock, $.01 par value. The Company shall also cause any
shares of Stock or rights to acquire shares of Stock distributed by the Company in respect of
Restricted Shares during any Period of Restriction (the “Retained Distributions”), to be
issued in the Employee’s name in book entry form. During the Period of Restriction such book entry
shall refer to restrictions to the effect that ownership of such Restricted Shares (and any
Retained Distributions), and the enjoyment of all rights appurtenant thereto, are subject to the
restrictions, terms, and conditions provided in the Plan and this Agreement. The Employee shall
have the right to vote the Restricted Shares awarded to the Employee and to receive and

 

 

retain all regular dividends paid in cash or property (other than Retained Distributions), and to
exercise all other rights, powers and privileges of a holder of Shares, with respect to such
Restricted Shares, with the exception that (a) the Employee shall not be entitled to delivery of
the stock certificate or certificates representing such Restricted Shares until the Forfeiture
Restrictions applicable thereto shall have expired, (b) the Company shall retain custody of all
Retained Distributions made or declared with respect to the Restricted Shares (and such Retained
Distributions shall be subject to the same restrictions, terms and conditions as are applicable to
the Restricted Shares) until such time, if ever, as the Restricted Shares with respect to which
such Retained Distributions shall have been made, paid, or declared shall have become vested, and
such Retained Distributions shall not bear interest or be segregated in separate accounts and (c)
the Employee may not sell, assign, transfer, pledge, exchange, encumber, or dispose of the
Restricted Shares or any Retained Distributions during the Period of Restriction. In accepting the
award of Shares set forth in this Agreement the Employee accepts and agrees to be bound by all the
terms and conditions of the Plan and this Agreement.

3. Transfer Restrictions. The Shares granted hereby may not be sold, assigned, pledged, exchanged,
hypothecated or otherwise transferred, encumbered or disposed of, to the extent then subject to the
Forfeiture Restrictions. Any such attempted sale, assignment, pledge, exchange, hypothecation,
transfer, encumbrance or disposition in violation of this Agreement shall be void and the Company
shall not be bound thereby. Further, the Shares granted hereby that are no longer subject to
Forfeiture Restrictions may not be sold or otherwise disposed of in any manner which would
constitute a violation of any applicable federal or state securities laws. The Employee also agrees
(i) that the Company may refuse to cause the transfer of the Shares to be registered on the
applicable stock transfer records if such proposed transfer would, in the opinion of counsel
satisfactory to the Company, constitute a violation of any applicable securities law and (ii) that
the Company may give related instructions to the transfer agent, if any, to stop registration of
the transfer of the Shares.

4. Vesting.

	 	(a)	 	The Shares that are granted hereby shall be subject to Forfeiture Restrictions.
The Forfeiture Restrictions shall lapse as to the Shares that are granted hereby in
accordance with the following subparagraphs (i), (ii) and (iii), provided
that the Employee’s employment with the Company and its Affiliates has not
terminated prior to the lapse date:

	 	(i)	 	With respect to ___ of the Shares, representing 53% of the
total Shares (the “Initial Percentage”), the Forfeiture Restrictions shall
lapse in accordance with the following schedule:

	 	 	 
	 	 	Number of Restricted Shares
	Lapse Date	 	as to which Forfeiture Restrictions Lapse
	First Anniversary of Grant Date

	 	20% of Initial Percentage
	Second Anniversary of Grant Date

	 	40% of Initial Percentage
	Third Anniversary of Grant Date

	 	60% of Initial Percentage
	Fourth Anniversary of Grant Date

	 	80% of Initial Percentage
	Fifth Anniversary of Grant Date

	 	100% of Initial Percentage
	Occurrence of a Change in Control

	 	100% of Initial Percentage

-2-

 

	 	(ii)	 	With respect to the remainder of the Shares, the Forfeiture
Restrictions shall lapse with respect to a percentage (each, a “Sale
Percentage”) of the Shares, in equal increments over five years commencing on
the first anniversary of the date or dates (each, a “Sale Closing Date”) on
which the percentage ownership by Helix Energy Solutions Group, Inc. (“Helix”)
of the Company’s Common Stock is reduced (whether resulting from a sale by
Helix of additional shares of Company Common Stock or an issuance by the
Company of shares of its Common Stock to stockholders other than Helix). The
Forfeiture Restrictions with respect to any and all remaining Shares shall
lapse in equal increments over five years commencing on the first anniversary
of the date on which Helix no longer owns 51% or more of the total voting power
of the Company’s Common Stock. Notwithstanding the foregoing, upon the
occurrence of a Change of Control, the Forfeiture Restrictions shall lapse as
to 100% of the Shares.
	 
	 	(iii)	 	For purposes of this Agreement, the “Sale Percentage” shall be
determined by dividing the percentage (expressed as a whole number) of the
Company’s Common Stock that is held by stockholders other than Helix on the
Sale Closing Date in question by 51, and subtracting from the quotient derived
thereby the sum of the Initial Percentage and any prior Sale Percentages (each
expressed as a whole number).

By way of example, if upon a Sale Closing Date, the percentage of Common Stock held
by stockholders other than Helix is 35%, and there have been no prior Sale Closing
Dates, the Sale Percentage shall equal [68.6 (35÷51) less 53], or 15.6%. Thus the
Forfeiture Restrictions would commence to lapse with respect to an additional 15.6%
of the Shares on the first anniversary of such Sale Closing Date.

If, following the Sale Closing Date in the above example, there occurred another
Sale Closing Date as a result of which the percentage of Common Stock held by
stockholders other than Helix was 45%, the Sale Percentage would equal [88.2 (45÷51)
less [53+15.6]], or 19.6%. Thus the Forfeiture Restrictions would commence with
respect to an additional 19.6% of the Shares on the first anniversary of such Sale
Closing Date.

If following the above Sale Closing Date there occurred an additional Sale Closing
Date, as a result of which, stockholders other than Helix held more than 49% of the
outstanding Common Stock, the Forfeiture Restrictions on all remaining Shares would
commence to lapse on the first anniversary of the date of such event.

-3-

 

	 	(b)	 	Except as may otherwise be provided in the Plan, if the Employee’s employment
with the Company and all of its Affiliates terminates for any reason prior to the lapse
date, including due to the death or disability of the Employee, the Forfeiture
Restrictions then applicable to the Restricted Shares shall not lapse and the number of
Restricted Shares then subject to the Forfeiture Restrictions shall be forfeited to the
Company. Upon the lapse of the Forfeiture Restrictions with respect to Shares granted
hereby, the Company shall cause the reference to such restrictions to be removed from
the book entry for such Shares, or, if requested by the Employee, shall cause to be
delivered to the Employee a stock certificate representing such Shares, and such Shares
shall be transferable by the Employee (except to the extent that any proposed transfer
would, in the opinion of counsel satisfactory to the Company, constitute a violation of
applicable securities law). Notwithstanding any other provision of this Agreement, in
no event will the Forfeiture Restrictions expire prior to the satisfaction by the
Employee of any liability arising under Section 6 of this Agreement.

5. Capital Adjustments and Reorganizations. The existence of the Restricted Shares shall not
affect in any way the right or power of the Company or any company the stock of which is awarded
pursuant to this Agreement to make or authorize any adjustment, recapitalization, reorganization or
other change in its capital structure or its business, engage in any merger or consolidation, issue
any debt or equity securities, dissolve or liquidate, or sell, lease, exchange or otherwise dispose
of all or any part of its assets or business, or engage in any other corporate act or proceeding.

6. Tax Withholding. To the extent that the receipt of the Restricted Shares or the lapse of any
Forfeiture Restrictions results in income to the Employee for federal, state or local income or
employment tax purposes with respect to which the Company has a withholding obligation, the
Employee shall deliver to the Company at the time of such receipt or lapse, as the case may be,
such amount of money as the Company may require to meet its obligation under applicable tax laws or
regulations, and, if the Employee fails to do so, the Company is authorized to withhold from the
Shares granted hereby or from any cash or stock remuneration then or thereafter payable to the
Employee in any capacity any tax required to be withheld by reason of such resulting income.

     The Company shall permit the Employee to satisfy the Employee’s tax obligation that arises at
the time of the lapse of restrictions on the Restricted Shares by delivering to the Employee a
reduced number of Restricted Shares. In such case, the number of Restricted Shares on which the
restrictions are lapsing shall be reduced by that number of Shares equal in value to the minimum
statutory federal, state and local withholding tax obligation resulting from such vesting.
Although the terms of the Plan permit this withholding procedure only if permitted by the
Committee, the right to handle the withholding tax obligation in this manner may not be withdrawn
by the Committee, if the Employee is subject to Section 16 of the Exchange Act.

7. Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be
in the employment of the Company and its Affiliates as long as the Employee has an employment
relationship with the Company and its Affiliates. The Committee shall

-4-

 

determine any questions as to whether and when there has been a termination of such employment
relationship, and the cause of such termination, under the Plan and the Committee’s determination
shall be final and binding on all persons.

8. Section 83(b) Election. The Employee shall not exercise the election permitted under section
83(b) of the Internal Revenue Code of 1986, as amended, with respect to the Restricted Shares
without the written approval of the Chief Financial Officer of the Company. If the Chief Financial
Officer of the Company permits the election, the Employee shall timely pay the Company the amount
necessary to satisfy the Company’s attendant tax withholding obligations, if any.

9. No Fractional Shares. All provisions of this Agreement concern whole Shares. If the
application of any provision hereunder would yield a fractional share, such fractional share shall
be rounded down to the next whole share.

10. Not an Employment Agreement. This Agreement is not an employment agreement, and no provision
of this Agreement shall be construed or interpreted to create an employment relationship between
the Employee and the Company and its Affiliates or guarantee the right to remain employed by the
Company and its Affiliates for any specified term.

11. Further Restriction on Transfer. If the Employee is an officer or affiliate of the Company
under the Securities Act of 1933, the Employee consents to the placing on the book entry for the
Shares of an appropriate note restricting resale or other transfer of the Shares except in
accordance with such Act and all applicable rules thereunder.

12. Notices. Any notice, instruction, authorization, request or demand required hereunder shall be
in writing, and shall be delivered either by personal delivery, by telegram, telex, telecopy or
similar facsimile means, by certified or registered mail, return receipt requested, or by courier
or delivery service, addressed to the Company at the then current address of the Company’s
Principal Corporate Office, and to the Employee at the Employee’s address indicated beneath the
Employee’s signature on the execution page of this Agreement, or at such other address and number
as a party shall have previously designated by written notice given to the other party in the
manner hereinabove set forth. Notices shall be deemed given when received, if sent by facsimile
means (confirmation of such receipt by confirmed facsimile transmission being deemed receipt of
communications sent by facsimile means); and when delivered (or upon the date of attempted delivery
where delivery is refused), if hand-delivered, sent by express courier or delivery service, or sent
by certified or registered mail, return receipt requested.

13. Amendment and Waiver. This Agreement may be amended, modified or superseded only by written
instrument executed by the Company and the Employee. Only a written instrument executed and
delivered by the party waiving compliance hereof shall make any waiver of the terms or conditions.
Any waiver granted by the Company shall be effective only if executed and delivered by a duly
authorized executive officer of the Company other than the Employee. The failure of any party at
any time or times to require performance of any provisions hereof shall in no manner effect the
right to enforce the same. No waiver by any party of any term or condition, or the breach of any
term or condition contained in this

-5-

 

Agreement, in one or more instances, shall be construed as a continuing waiver of any such
condition or breach, a waiver of any other condition, or the breach of any other term or condition.

14. Governing Law and Severability. This Agreement shall be governed by the laws of the State of
Texas, without regard to its conflicts of law provisions. The invalidity of any provision of this
Agreement shall not affect any other provision of this Agreement, which shall remain in full force
and effect.

15. Successors and Assigns. Subject to the limitations which this Agreement imposes upon the
transferability of the Shares granted hereby, this Agreement shall bind, be enforceable by and
inure to the benefit of the Company and its successors and assigns, and to the Employee, the
Employee’s permitted assigns, executors, administrators, agents, legal and personal
representatives.

16. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be
an original for all purposes but all of which taken together shall constitute but one and the same
instrument.

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer
thereunto duly authorized, and the Employee has executed this Agreement, all effective as of the
date first above written.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	CAL DIVE INTERNATIONAL, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	William L. Transier	 	 
	 

	 	 	 	Chair, Compensation Committee	 	 
	 
	 	 	 	 	 	 
	 	 	EMPLOYEE:	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	«Name»
	 	 
	 	 	«Address»
	 	 
	 	 	«City_State_Zip»
	 	 

-6-

 

IRREVOCABLE STOCK POWER

KNOW ALL MEN BY THESE PRESENTS, That the undersigned, For Value Received, has bargained,
sold, assigned and transferred and by these presents does bargain, sell, assign and transfer unto
Cal Dive International, Inc., a Delaware corporation (the “Company”), the Shares transferred
pursuant to the Restricted Stock Award Agreement dated effective December 19, 2006, between the
Company and the undersigned; and subject to and in accordance with such Restricted Stock Award
Agreement the undersigned does hereby constitute and appoint the Secretary of the Company the
undersigned’s true and lawful attorney, IRREVOCABLY, to sell assign, transfer, hypothecate, pledge
and make over all or any part of such Shares and for that purpose to make and execute all necessary
acts of assignment and transfer thereof, and to substitute one or more persons with like full
power, hereby ratifying and confirming all that said attorney or his substitutes shall lawfully do
by virtue hereof.

IN WITNESS WHEREOF, the undersigned has executed this Irrevocable Stock Power effective the 19th
day of December, 2006.

	 	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	 
	 

	 	«Name»exv10w12

 

Exhibit 10.12

AMENDMENT NO. 1 TO CREDIT AGREEMENT

     This Amendment No. 1 to Credit Agreement, dated as of December 15, 2006, (this
“Amendment”), is entered into by CDI VESSEL HOLDINGS LLC, a Delaware limited liability
company (the “Borrower”), CAL DIVE INTERNATIONAL, INC., a Delaware corporation (the
“Parent”), each lender from time to time party hereto (collectively, the “Lenders”
and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent in such
capacity (the “Administrative Agent”), Swing Line Lender and L/C Issuer.

INTRODUCTION

     Reference is made to the Credit Agreement dated as of November 20, 2006 (as modified from time
to time, the “Credit Agreement”), among the Borrower, the Parent, the Lenders, and the
Administrative Agent.

     The Borrower intends to make certain modifications to the timing and the respective amounts
(but not the aggregate amount) of the dividends permitted to be made to Helix in connection with
the Restructuring and the IPO. In connection with the foregoing, the Borrower has requested, and
the Lenders and the Administrative Agent have agreed, to make certain amendments to the Credit
Agreement.

     THEREFORE, in connection with the foregoing and for other good and valuable consideration, the
Borrower, the Lenders, and the Administrative Agent hereby agree as follows:

     Section 1. Definitions; References. Unless otherwise defined in this Amendment, each
term used in this Amendment that is defined in the Credit Agreement has the meaning assigned to
such term in the Credit Agreement.

     Section 2. Amendment of Credit Agreement.

     (a) Section 6.03 of the Credit Agreement is hereby amended by replacing the last sentence of
such Section in its entirety with the following:

     The notice of the IPO pursuant to Section 6.03(f) shall be accompanied
by a certificate signed by a Responsible Officer of the Parent certifying a
calculation of the pro forma Consolidated Leverage Ratio as of the last day of the
fiscal quarter of the Parent most recently ended prior to the date of the IPO for
which financial information is provided in the Form S-1 (as amended) as previously
filed with the SEC in connection with the IPO, giving pro forma effect to
Transaction (including the Borrowing to be made shortly after the date of the IPO in
connection with the IPO Borrowing Dividend).

     (b) Section 7.06(a) of the Credit Agreement is hereby amended by replacing clause (i) of such
Section in its entirety with the following:

 

 

     (i) the Borrower may declare and make (A) a one-time Restricted Payment to
Helix from and with the proceeds of its initial Revolving Credit Loans, in an amount
not to exceed $100,000,000 (the “Restructuring Dividend”) and (B) a one-time
Restricted Payment to CDI Prometheus Holdings, Inc. from and with the proceeds of
Revolving Credit Loans made shortly after the date of the IPO, in an amount that,
together with the amount of the Restructuring Dividend, does not exceed $200,000,000
(such dividend, the “IPO Borrowing Dividend”) provided that there
shall be no less than $25,000,000 of availability under the Revolving Credit
Facility and/or unrestricted cash on-hand of the Borrower and its Subsidiaries as of
the date of such Restricted Payment (and for purposes of this clause (B), cash
on-hand will not be deemed “restricted” solely by reason of any Lien thereon or on
any deposit account in which it is maintained, or other restriction with respect
thereto, which, in either case, is in favor of the Administrative Agent or any
Lender), after giving effect to the making of such Restricted Payment and all
Borrowings made and Letters of Credit issued (or deemed issued) under the Revolving
Credit Facility on such date

     (c) The Credit Agreement is hereby amended by replacing Schedule 5.13 thereof with the
Schedule 5.13 attached hereto to reflect the name change of CDI Janus Holdings, Inc. to CDI
Janus Holdings LLC.

     Section 3. Representations and Warranties. The Borrower and the Parent each
represents and warrants that (a) the execution, delivery, and performance of this Amendment by each
Loan Party are within the corporate power and authority of such Loan Party and have been duly
authorized by all necessary corporate or other organizational action, (b) this Amendment
constitutes a legal, valid, and binding obligations of each Loan Party, enforceable against each
Loan Party in accordance with its terms, except as such enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium, or similar laws of general applicability
affecting the enforcement of creditors’ rights and the application of general principles of equity
(regardless of whether such enforceability is considered in a proceeding in equity or law); (c) the
representations and warranties of the Borrower and each other Loan Party contained in each Loan
Document are true and correct in all material respects as of the date of this Amendment, except to
the extent that such representations and warranties specifically refer to an earlier date, in which
case they shall be true and correct in all material respects as of such earlier date; and (d) no
Default or Event of Default exists under the Loan Documents.

     Section 4. Effect on Credit Documents. Except as amended herein, the Credit Agreement
and all other Loan Documents remain in full force and effect as originally executed. Nothing
herein shall act as a waiver of any of the Administrative Agent’s or any Lender’s rights under the
Loan Documents as amended, including the waiver of any default or event of default, however
denominated. The Borrower acknowledges and agrees that this Amendment shall in no manner impair or
affect the validity or enforceability of the Credit Agreement. This Amendment is a Loan Document
for the purposes of the provisions of the other Loan Documents. Without limiting the foregoing,
any breach of representations, warranties, and covenants under this Amendment may be a default or
event of default under the other Loan Documents.

-2-

 

     Section 5. Effectiveness. This Amendment shall become effective as of the date hereof
and the Credit Agreement shall be amended as provided for herein when the Administrative Agent (or
its counsel) shall have received counterparts hereof duly executed and delivered by a duly
authorized officer of each of the Loan Parties and by the Lenders whose consent is required to
effect the amendments contemplated hereby.

     Section 6. Reaffirmation of Guaranty. By its signature hereto, Helix represents and
warrants that it has no defense to the enforcement of the Guaranty, and that according to its terms
the Guaranty will continue in full force and effect to guaranty the Borrower’s obligations under
the Credit Agreement and the other amounts described in the Guaranty following the execution of
this Amendment.

     Section 7. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     Section 8. ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT
THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS AMONG THE PARTIES.

[signature pages follow]

-3-

 

EXECUTED as of the first date above written.

	 	 	 	 	 
	 	CDI VESSEL HOLDINGS LLC

 	 
	 	By:  	
/s/ G. Kregg Lunsford
 	 
	 	 	G. Kregg Lunsford 	 
	 	 	Vice President and Treasurer 	 
	 
	 	CAL DIVE INTERNATIONAL, INC.

 	 
	 	By:  	/s/ G. Kregg Lunsford
 	 
	 	 	G. Kregg Lunsford 	 
	 	 	Senior Vice President, Chief Financial

Officer and Treasurer 	 
	 
	 	HELIX ENERGY SOLUTIONS GROUP, INC.

 	 
	 	By:  	/s/ A. Wade Pursell
 	 
	 	 	A. Wade Pursell 	 
	 	 	Senior Vice President 	 

Signature Page to Amendment No. 1 to Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as Administrative Agent

 	 
	 	By:  	/s/ David A. Johanson
 	 
	 	 	David A. Johanson 	 
	 	 	Vice President 	 

Signature Page to Amendment No. 1 to Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as Lender, L/C Issuer and
Swing Line Lender

 	 
	 	By:  	/s/ David A. Batson
 	 
	 	 	David A. Batson 	 
	 	 	Senior Vice President 	 

Signature Page to Amendment No. 1 to Credit Agreement

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

 	 
	 	By:  	/s/ Kenneth J. Fatur
 	 
	 	 	Kenneth J. Fatur 	 
	 	 	Senior Vice President 	 

Signature Page to Amendment No. 1 to Credit Agreement

 

 

	 	 	 	 	 
	 	AMEGY BANK NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Paul W. Cole
 	 
	 	 	Paul W. Cole 	 
	 	 	Vice President 	 

Signature Page to Amendment No. 1 to Credit Agreement

 

 

SCHEDULE 5.13

SUBSIDIARIES AND OTHER EQUITY INVESTMENTS

(a) Subsidiaries.

As of the date of the Credit Agreement: None.

As of the date of the Restructuring, the Parent will own:

	1.	 	100% of the limited liability company interests of CDI Janus Holdings LLC (Delaware), which
will hold 100% of the shares or limited liability company interests, as the case may be, in
the following:

	 	a.	 	Cal Dive HR Services LLC (Delaware)
	 
	 	b.	 	Cal Dive International Pte Limited (Singapore), which holds 100% of the shares
of:

     Cal Dive International (Australia) Pty Limited (Australia)

	 	c.	 	CDI Proteus LLC (Delaware)
	 
	 	d.	 	CDI Umbra LLC (Delaware)
	 
	 	e.	 	Marine Technology Solutions St. Lucia Limited-IBC (St. Lucia)

	2.	 	100% of the shares of CDI Prometheus Holdings, Inc. (Delaware), which will hold 100% of the
limited liability company interests of the Borrower.

(b) Other Equity Investments.

As of the date of the Credit Agreement: None

As of the date of the Restructuring, the Parent will own (indirectly through Marine Technology
Solutions St. Lucia Limited-IBC (St. Lucia); 40% of the shares of Offshore Technology Solutions
Limited (Trinidad and Tobago).

Schedule 5.13 to Amendment No. 1 to Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}]]