Document:

EX-10.1

 Exhibit 10.1 

[Dealer name] 
 [Address] 

[    ], 2020 
 To: LivaNova
USA, Inc. 
 c/o LivaNova PLC 
 20 Eastbourne Terrace 

London, United Kingdom, W2 6LG 
 Attention:
[    ] 
 Telephone No.: [    ] 

Re: Call Option Transaction 
 The purpose of
this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the call option transaction entered into between [Dealer name] (“Dealer”)[, through its agent [Agent name, if applicable] (the
“Agent”)] and LivaNova USA, Inc. (“Counterparty”) as of the Trade Date specified below (the “Transaction”). This letter agreement constitutes a “Confirmation” as referred to in the
ISDA Master Agreement specified below. Each party further agrees that this Confirmation together with the Agreement evidence a complete binding agreement between Counterparty and Dealer as to the subject matter and terms of the Transaction to which
this Confirmation relates, and shall supersede all prior or contemporaneous written or oral communications with respect thereto. 
 The
definitions and provisions contained in the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions”), as published by the International Swaps and Derivatives Association, Inc. (“ISDA”) are incorporated
into this Confirmation. In the event of any inconsistency between the Equity Definitions and this Confirmation, this Confirmation shall govern. Certain defined terms used herein are based on terms that are defined in the Indenture to be dated
June 17, 2020 among Counterparty, Issuer, as guarantor, and Citibank, N.A., as trustee (the “Indenture”) relating to the 3.00% Cash Exchangeable Senior Notes due 2025 (as originally issued by Counterparty, the
“Exchangeable Notes” and each USD 1,000 principal amount of Exchangeable Notes, an “Exchangeable Note”) issued by Counterparty in an aggregate initial principal amount of USD 250,000,000 (as increased by up to an
aggregate principal amount of USD 37,500,000 if and to the extent that the Initial Purchasers (as defined below) exercise their over-allotment option to purchase additional Exchangeable Notes pursuant to the Purchase Agreement (the
“Purchase Agreement”) dated as of June 11, 2020, among Counterparty, Issuer and Barclays Capital Inc. and BofA Securities, Inc., as representatives of the Initial Purchasers party thereto (the “Initial
Purchasers”)). In the event of any inconsistency between the terms defined in the Offering Memorandum dated June 11, 2020 (the “Offering Memorandum”), the Indenture and this Confirmation, this Confirmation shall
govern. The parties acknowledge that this Confirmation is entered into on the date hereof with the understanding that (i) definitions set forth in the Indenture which are also defined herein by reference to the Indenture and (ii) sections
of the Indenture that are referred to herein will conform to the descriptions thereof in the Offering Memorandum. The parties further acknowledge that the Indenture section numbers used herein are based on the draft of the Indenture last reviewed by
the parties as of the date of this Confirmation, and if any such section numbers are changed, added or renumbered upon execution of the Indenture, the parties will amend this Confirmation in good faith to preserve the intent of the parties. Subject
to the foregoing, references to the Indenture herein are references to the Indenture as in effect on the date of its execution, and if the Indenture is amended or supplemented following such date (other than any amendment or supplement
(x) pursuant to Section 10.01(l) of the Indenture that conforms the Indenture to the description of Exchangeable Notes in the Offering Memorandum or (y) pursuant to Section 14.07 of the Indenture, subject, in the case of this
clause (y), to the second paragraph under “Method of Adjustment” in Section 3), any such amendment or supplement will be disregarded for purposes of this Confirmation (other than as provided in Section 9(i)(iv) below) unless the
parties agree otherwise in writing. 
 Each party is hereby advised, and each such party acknowledges, that the other party has engaged in,
or refrained from engaging in, substantial financial transactions and has taken other material actions in reliance upon the parties’ entry into the Transaction to which this Confirmation relates on the terms and conditions set forth below.
Notwithstanding any other provision of this Confirmation, this Confirmation shall not in any respect be construed as or deemed to comprise a contract for the purchase by Issuer or Counterparty of any of its Shares or other securities and no purchase
of such Shares or other securities shall be made by Issuer or Counterparty pursuant to this Confirmation. 

 1.     This Confirmation evidences a complete and binding agreement between Dealer and
Counterparty as to the terms of the Transaction to which this Confirmation relates. This Confirmation shall supplement, form a part of, and be subject to an agreement in the form of the ISDA 2002 Master Agreement (the “Agreement”)
as if Dealer and Counterparty had executed an agreement in such form on the Trade Date (but without any Schedule except for the election of the laws of the State of New York as the governing law (without reference to choice of law doctrine) and that
(i) in respect of Section 5(a)(vi) of the Agreement, the election that the “Cross Default” provisions shall apply to Dealer with (a) a “Threshold Amount” with respect to Dealer of two percent of the
shareholders’ equity of Dealer as of the Trade Date, (b) the deletion of the phrase “, or becoming capable at such time of being declared,” from clause (1) and (c) the following language added to the end
thereof: “Notwithstanding the foregoing, a default under subsection (2) hereof shall not constitute an Event of Default if (x) the default was caused solely by error or omission of an administrative or operational nature,
(y) funds were available to enable the party to make the payment when due. and (z) the payment is made within two Exchange Business Days of such party’s receipt of written notice of its failure to pay.”, and (ii) the
modification that the term “Specified Indebtedness” shall have the meaning specified in Section 14 of the Agreement, except that such term shall not include obligations in respect of deposits received in the ordinary course of
Dealer’s banking business). In the event of any inconsistency between provisions of the Agreement and this Confirmation, this Confirmation will prevail for the purpose of the Transaction to which this Confirmation relates. The parties hereby
agree that no transaction other than the Transaction to which this Confirmation relates shall be governed by the Agreement. 
 2.
    The terms of the particular Transaction to which this Confirmation relates are as follows: 
  

			
	 General Terms.
	 	
		
	 Trade Date:
	 	June [    ], 2020
		
	 Effective Date:
	 	June [    ], 2020
		
	 Option Style:
	 	“Modified American”, as described under “Procedures for Exercise” below
		
	 Option Type:
	 	Call
		
	 Buyer:
	 	Counterparty
		
	 Seller:
	 	Dealer
		
	 Shares:
	 	The ordinary shares of LivaNova PLC (“Issuer”), par value GBP 1.00 per share (Exchange symbol “LIVN”).
		
	 Number of Options:
	 	Initially 250,000. If and to the extent the Initial Purchasers exercise their over-allotment option to purchase additional Exchangeable Notes (“Additional Exchangeable Notes”) pursuant to the Purchase Agreement, on
the date of such exercise, the Number of Options shall be increased by the number (the “Additional Note Number”) of Additional Exchangeable Notes in principal amount of $1,000 in respect of which such option is exercised. For the
avoidance of doubt, the Number of Options shall be reduced by any Options exercised by Counterparty. In no event will the Number of Options be less than zero.
		
	 Applicable Percentage:
	 	[    ]%1

  
 1 Include Dealer’s percentage allocation of the overall capped call transaction. 

  
 2 

			
		
	 Option Entitlement:
	 	A number equal to the product of the Applicable Percentage and 16.3980.
		
	 Strike Price:
	 	USD 60.9830
		
	 Cap Price:
	 	USD 100.0000
		
	 Premium:
	 	USD [            ]
		
	 Additional Premium:
	 	If and to the extent the Initial Purchasers exercise their over-allotment option to purchase Additional Exchangeable Notes, the Additional Premium for the corresponding increase in the Number of Options shall be equal to USD
[            ], multiplied by the Additional Note Number.
		
	 Premium Payment Date:
	 	The settlement date for the initial issuance of Exchangeable Notes.
		
	 Additional Premium Payment Date:
	 	Each settlement date for the issuance of Additional Exchangeable Notes. On each Additional Premium Payment Date, Buyer shall pay Seller the Additional Premium corresponding to the increase in the Number of Options in respect of
such Additional Exchangeable Notes.
		
	 Exchange:
	 	The NASDAQ Global Market
		
	 Related Exchange(s):
	 	All Exchanges
		
	 Excluded Provisions:
	 	Section 14.03 and Section 14.04(f) of the Indenture.
		
	 Procedures for Exercise.
	 	
		
	 Exchange Date:
	 	With respect to any exchange of an Exchangeable Note (other than any exchange of Exchangeable Notes with an Exchange Date occurring prior to the Free Exchangeability Date (any such exchange, an “Early Exchange”),
to which the provisions of Section 9(i)(i) of this Confirmation shall apply), the date on which the Holder (as such term is defined in the Indenture) of such Exchangeable Note satisfies all of the requirements for exchange thereof as set forth
in Section 14.02(b) of the Indenture.
		
	 Free Exchangeability Date:
	 	September 15, 2025.
		
	 Expiration Time:
	 	The Valuation Time
		
	 Expiration Date:
	 	December 15, 2025.
		
	 Multiple Exercise:
	 	Applicable, as described under “Automatic Exercise” below.
		
	 Automatic Exercise:
	 	Notwithstanding Section 3.4 of the Equity Definitions, on each Exchange Date occurring on or after the Free Exchangeability Date, in respect of which a Notice of Exchange (as defined in the Indenture) that is effective as to
Counterparty has been delivered by the relevant

  
 3 

			
		
		 	exchanging Holder, a number of Options equal to the number of Exchangeable Notes in denominations of USD 1,000 as to which such Exchange Date has occurred shall be deemed to be automatically exercised; provided that such
Options shall be exercised or deemed exercised only if Counterparty has provided a Notice of Exercise to Dealer in accordance with “Notice of Exercise” below.
		
		 	Notwithstanding the foregoing, in no event shall the number of Options that are exercised or deemed exercised hereunder exceed the Number of Options.
		
	 Notice of Exercise:
	 	Notwithstanding anything to the contrary in the Equity Definitions or under “Automatic Exercise” above, in order to exercise any Options relating to Exchangeable Notes with an Exchange Date occurring on or after the Free
Exchangeability Date, Counterparty must notify Dealer in writing before 5:00 p.m. (New York City time) on the Scheduled Valid Day immediately preceding the Expiration Date specifying the number of such Options being exercised.
		
	 Valuation Time:
	 	At the close of trading of the regular trading session on the Exchange; provided that if the principal trading session is extended, the Calculation Agent shall determine the Valuation Time in its reasonable
discretion.
		
	 Market Disruption Event:
	 	Section 6.3(a) of the Equity Definitions is hereby replaced in its entirety by the following:
		
		 	“‘Market Disruption Event’ means, in respect of a Share, (i) a failure by the primary United States national or regional securities exchange or market on which the Shares are listed or admitted for trading to
open for trading during its regular trading session or (ii) the occurrence or existence prior to 1:00 p.m. (New York City time) on any Scheduled Valid Day for the Shares for more than one half-hour period in the aggregate during regular trading
hours of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant stock exchange or otherwise) in the Shares or in any options contracts or futures contracts traded on any United
States exchange relating to the Shares.”
		
	 Settlement Terms.
	 	
		
	 Settlement Method:
	 	Cash Settlement
		
	 Cash Settlement:
	 	Upon exercise of any Options hereunder, in lieu of Section 8.1 of the Equity Definitions, Dealer will pay to Counterparty, on the relevant Settlement Date for each such Option, an amount of cash (the “Cash Settlement
Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for such Option, of (i) the Daily Option Value for such Valid Day, divided by (ii) the number of Valid Days in the Settlement Averaging
Period; 

  
 4 

			
		
		 	provided that in no event shall the Cash Settlement Amount for such Option exceed the Applicable Limit for such Option.
		
	 Daily Option Value:
	 	For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii) (A) the lesser of the Relevant Price on such Valid Day and the Cap Price, less (B) the Strike Price
on such Valid Day; provided that if the calculation contained in clause (ii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero. In no event will the Daily Option Value be less than
zero.
		
	 Applicable Limit:
	 	For any Option, an amount of cash equal to the Applicable Percentage multiplied by the excess of (i) the amount of cash paid to the Holder of the related Exchangeable Note upon exchange of such Exchangeable Note over
(ii) USD 1,000.
		
	 Valid Day:
	 	A day on which (i) there is no Market Disruption Event and (ii) trading in the Shares generally occurs on the Exchange or, if the Shares are not then listed on the Exchange, on the principal other United States national or
regional securities exchange on which the Shares are then listed or, if the Shares are not then listed on a United States national or regional securities exchange, on the principal other market on which the Shares are then listed or admitted for
trading. If the Shares are not so listed or admitted for trading, “Valid Day” means a Business Day.
		
	 Scheduled Valid Day:
	 	A day that is scheduled to be a Valid Day on the principal United States national or regional securities exchange or market on which the Shares are listed or admitted for trading. If the Shares are not so listed or admitted for
trading, “Scheduled Valid Day” means a Business Day.
		
	 Business Day:
	 	Any day other than a Saturday, a Sunday or a day on which the Federal Reserve Bank of New York is authorized or required by law or executive order to close or be closed.
		
	 Relevant Price:
	 	On any Valid Day, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “LIVN US <equity> AQR” (or its equivalent successor if such page is not
available) in respect of the period from the scheduled open of trading to the scheduled close of trading of the primary trading session on such Valid Day (or if such volume-weighted average price is unavailable at such time, the market value of one
Share on such Valid Day, as determined by the Calculation Agent using, if practicable, a volume-weighted average method). The Relevant Price will be determined without regard to after-hours trading or any other trading outside of the regular trading
session trading hours.

  
 5 

			
		
	 Settlement Averaging Period:
	 	For any Option, the 50 consecutive Valid Days commencing on, and including, the 51st Scheduled Valid Day immediately prior to the Expiration Date.
		
	 Settlement Date:
	 	For any Option, the second Business Day immediately following the final Valid Day of the Settlement Averaging Period.
		
	 Settlement Currency:
	 	USD
	
	 3.  Additional Terms applicable to the
Transaction.

		
	 Adjustments applicable to the Transaction:
	 	
		
	 Potential Adjustment Events:
	 	Notwithstanding Section 11.2(e) of the Equity Definitions, which Section shall not apply for purposes of the Transaction except as provided in Section 9(w) below, a “Potential Adjustment Event” means an
occurrence of any event or condition, as set forth in any Dilution Adjustment Provision, that would result in an adjustment under the Indenture to the “Exchange Rate” or the composition of a “unit of Reference Property” or to any
“Last Reported Sale Price”, “Daily VWAP” or “Daily Exchange Value” (each as defined in the Indenture). For the avoidance of doubt, Dealer shall not have any delivery or payment obligation hereunder, and no adjustment
shall be made to the terms of the Transaction, on account of (x) any distribution of cash, property or securities by Issuer or Counterparty to holders of the Exchangeable Notes (upon exchange or otherwise) or (y) any other transaction in
which holders of the Exchangeable Notes are entitled to participate, in each case, in lieu of an adjustment under the Indenture of the type referred to in the immediately preceding sentence (including, without limitation, pursuant to the first
sentence of the third paragraph of Section 14.04(c) of the Indenture or the third sentence of the second paragraph of Section 14.04(d) of the Indenture).
		
	 Method of Adjustment:
	 	Calculation Agent Adjustment, which means that, notwithstanding Section 11.2(c) of the Equity Definitions, which Section shall not apply for purposes of the Transaction except as provided in Section 9(w) below, upon any
Potential Adjustment Event, the Calculation Agent shall make (A) an adjustment corresponding to the adjustment required to be made pursuant to the Indenture to any one or more of the Strike Price, Option Entitlement and any other variable
relevant to the exercise, settlement or payment for the Transaction (other than the Number of Options and the Cap Price) and (B) a proportionate adjustment to the Cap Price to the extent any adjustment is made to the Strike Price pursuant to
clause (A) above (which adjustment, for the avoidance of doubt, shall not prohibit Dealer from making any further adjustment to the Cap Price in accordance with, and subject in all respects
to,

  
 6 

			
		
		 	Section 9(w)); provided that in no event shall the Strike Price be greater than the Cap Price.
		
		 	Notwithstanding the foregoing and “Consequences of Merger Events / Tender Offers” below:
		
		 	 (i)  if the Calculation Agent in good faith disagrees with any adjustment to the
Exchangeable Notes that involves an exercise of discretion by Counterparty or its board of directors, Issuer or its board of directors (including, without limitation, pursuant to Section 14.05 of the Indenture, Section 14.07 of the
Indenture or any supplemental indenture entered into thereunder or in connection with any proportional adjustment or the determination of the fair value of any securities, property, rights or other assets), then in each such case, the Calculation
Agent will (A) determine the adjustment to be made to any one or more of the Strike Price, Option Entitlement and any other variable relevant to the exercise, settlement or payment for the Transaction (other than the Number of Options and the
Cap Price) in a commercially reasonable manner and (B) make a proportionate adjustment to the Cap Price to the extent any adjustment is made to the Strike Price pursuant to clause (A) above (which adjustment, for the avoidance of doubt,
shall not prohibit Dealer from making any further adjustments to the Cap Price in accordance with, and subject in all respects to, Section 9(w)); provided that in no event shall the Strike Price be greater than the Cap
Price;

		
		 	 (ii)  in connection with any Potential Adjustment Event as a result of an event or
condition set forth in Section 14.04(b) of the Indenture or Section 14.04(c) of the Indenture where, in either case, the period for determining “Y” (as such term is used in Section 14.04(b) of the Indenture) or “SP0” (as such term is used in Section 14.04(c) of the Indenture), as the case may be, begins before Issuer or Counterparty has publicly announced the event or condition giving rise to such
Potential Adjustment Event, then the Calculation Agent shall have the right to adjust the Cap Price as appropriate (but in no case to a number lower than the Strike Price) to reflect the reasonable costs (including, but not limited to, hedging
mismatches and market losses) and reasonable expenses incurred by Dealer in connection with its hedging activities as a result of such event or condition not having been publicly announced prior to the beginning of such period;
and

  
 7 

			
		
		 	 (iii)   if any Potential Adjustment Event is declared and (a) the event or
condition giving rise to such Potential Adjustment Event is subsequently amended, modified, cancelled or abandoned after the period during which the formula for adjusting the “Exchange Rate” (as defined in the Indenture) has commenced
calculation, or (b) the “Exchange Rate” (as defined in the Indenture) is adjusted as a result of such Potential Adjustment Event and subsequently re-adjusted pursuant to the Dilution Adjustment
Provisions (each of clauses (a) and (b), a “Potential Adjustment Event Change”) then, in each case, the Calculation Agent shall have the right to adjust the Cap Price as appropriate (but in no case to a number lower than the
Strike Price) to reflect the reasonable costs (including, but not limited to, hedging mismatches and market losses) and reasonable expenses incurred by Dealer in connection with its hedging activities as a result of such Potential Adjustment Event
Change.

		
	 Dilution Adjustment Provisions:
	 	Sections 14.04(a), (b), (c), (d) and (e) and Section 14.05 of the Indenture.
	
	 Extraordinary Events applicable to the Transaction:

		
	 Merger Events:
	 	Applicable; provided that notwithstanding Section 12.1(b) of the Equity Definitions, which Section shall not apply for purposes of the Transaction except as provided in Section 9(w) below or where Merger Event is
used in “Announcement Event” and related provisions, a “Merger Event” means the occurrence of any event or condition set forth in the definition of “Share Exchange Event” in Section 14.07(a) of the
Indenture.
		
	 Tender Offers:
	 	Applicable; provided that notwithstanding Section 12.1(d) of the Equity Definitions, which Section shall not apply for purposes of the Transaction except as provided in Section 9(w) below or where Tender Offer is
used in “Announcement Event” and related provisions (and, in each case, in which references in the definition of Tender Offer in Section 12.1(d) of the Equity Definitions to “10%” shall be deemed to be replaced with
“25%”), a “Tender Offer” means the occurrence of any event or condition set forth in Section 14.04(e) of the Indenture.
		
	 Consequences of Merger Events/

Tender Offers:
	 	Notwithstanding Section 12.2 and Section 12.3 of the Equity Definitions, which Sections shall not apply for purposes of the Transaction except as provided in Section 9(w) below, upon the occurrence of a Merger Event
or a Tender Offer, the Calculation Agent shall make (A) a corresponding adjustment to any one or more of the nature of the Shares (in the case of a Merger Event), Strike Price,

  
 8 

			
		
		 	Option Entitlement and any other variable relevant to the exercise, settlement or payment for the Transaction (other than the Number of Options and the Cap Price) to the extent an analogous adjustment would be required to be made
pursuant to the Indenture in connection with such Merger Event or Tender Offer, subject to the sub-clause (i) under “Method of Adjustment” and (B) a proportionate adjustment to the Cap
Price to the extent any adjustment is made to the Strike Price pursuant to clause (A) above (which adjustment, for the avoidance of doubt, shall not prohibit Dealer from making any further adjustment to the Cap Price in accordance with, and
subject in all respects to, Section 9(w)); provided that in no event shall the Strike Price be greater than the Cap Price; provided further, that such adjustment shall be made without regard to any adjustment to the Exchange Rate
pursuant to any Excluded Provision; provided further that if, with respect to a Merger Event or a Tender Offer, (i) the consideration for the Shares includes (or, at the option of a holder of Shares, may include) shares of an entity or
person that is not a corporation (or treated as such for tax purposes) or is not organized under the laws of (a) England and Wales, (b) any member state of the European Union to the extent having the Issuer organized under the laws of such
member state would not have a material adverse effect on Dealer’s rights and obligations hereunder, Dealer’s hedging activities or the costs of engaging in the foregoing, or (c) the United States, any State thereof or the District of
Columbia or (ii) the Counterparty to the Transaction following such Merger Event will not be a corporation (or treated as such for tax purposes) organized under the laws of (a) England and Wales, (b) any member state of the European
Union to the extent having the Counterparty organized under the laws of such member state would not have a material adverse effect on Dealer’s rights and obligations hereunder, Dealer’s hedging activities or the costs of engaging in the
foregoing, or (c) the United States, any State thereof or the District of Columbia, then, in either case, Cancellation and Payment (Calculation Agent Determination) may apply in Dealer’s good faith, commercially reasonable discretion;
provided further that, for the avoidance of doubt, adjustments shall be made pursuant to the provisions set forth above regardless of whether any Merger Event or Tender Offer gives rise to an Early Exchange.
		
	 Consequences of Announcement Events:
	 	If an Announcement Event occurs, the Calculation Agent will determine the cumulative economic effect of the Announcement Event, whether within a commercially reasonable (as determined by the Calculation Agent) period of time prior
to or after the Announcement Event, on the theoretical value of the Transaction on a date occurring a commercially reasonable period of time after the date of announcement of the relevant Announcement Event (which may include, without limitation,
any actual or expected change in volatility, dividends, stock loan rate

  
 9 

			
		
		 	or liquidity relevant to the Shares or to the Transaction), and if such economic effect is material, the Calculation Agent will (x) adjust the Cap Price (but in no event to a number lower than the Strike Price) to reflect such
economic effect and (y) determine the effective date of such adjustment; provided that, notwithstanding the foregoing, if the related Merger Date or Tender Offer Date, as the case may be, or any subsequent related Announcement Event,
occurs on or after the effective date of such adjustment, any further adjustment to the terms of the Transaction with respect to such Merger Date, Tender Offer Date or Announcement Event pursuant to this Confirmation and/or the Equity Definitions
shall take such earlier adjustment into account (and, for the avoidance of doubt, where Cancellation and Payment is applicable, the Determining Party shall take into account such adjustment in determining the Cancellation Amount); provided
further that in no event shall the Cap Price be less than the Strike Price. An Announcement Event shall be an “Extraordinary Event” for purposes of the Equity Definitions, to which Article 12 of the Equity Definitions is
applicable.
		
	 Announcement Event:
	 	(i) The public announcement by Issuer, Counterparty, any of their subsidiaries or any Valid Third Party Entity (as defined below) of (x) any transaction or event that, if completed, would constitute a Merger Event or Tender
Offer, (y) any acquisition or disposition by Issuer and/or its subsidiaries where the aggregate consideration exceeds 35% of the market capitalization of Issuer as of the date of such announcement (a “Significant Transaction”)
or (z) the intention to enter into a Merger Event or Tender Offer or a Significant Transaction, (ii) the public announcement by Issuer or any subsidiary of Issuer of an intention to solicit or enter into, or to explore strategic
alternatives or other similar undertaking that may include, a Merger Event or Tender Offer or a Significant Transaction or (iii) any subsequent public announcement by Counterparty, Issuer, any of their subsidiaries or any Valid Third Party
Entity of a change to a transaction or intention that is the subject of an announcement of the type described in clause (i) or (ii) of this sentence. For the avoidance of doubt, the occurrence of an Announcement Event with respect to any
transaction or intention shall not preclude the occurrence of a later Announcement Event with respect to such transaction or intention. For purposes of this definition of “Announcement Event,” (A) “Merger Event” shall mean such
term as defined under Section 12.1(b) of the Equity Definitions (but, for the avoidance of doubt, the remainder of the definition of “Merger Event” in Section 12.1(b) of the Equity Definitions following the definition of
“Reverse Merger” therein shall be disregarded) and (B) “Tender Offer” shall mean such term as defined under Section 12.1(d) of the Equity Definitions (as amended hereby). “Valid Third Party Entity” means, in
respect of any transaction, any third party (or any agent

  
 10 

			
		
		 	or affiliate of such third party) that has a bona fide intent to enter into or consummate such transaction (it being understood and agreed that in determining whether such third party has such a bona fide intent, the Calculation
Agent may take into consideration the effect of the relevant announcement by such third party on the Shares and/or options relating to the Shares).
		
	 Nationalization, Insolvency or Delisting:
	 	Cancellation and Payment (Calculation Agent Determination); provided that, in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it will also constitute a Delisting if the Exchange is located
in the United States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange,
The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors); if the Shares are immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors), such exchange or quotation system shall thereafter be deemed to be the
Exchange.
		
	 Additional Disruption Events:
	 	
		
	 Change in Law:
	 	Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by (i) replacing the phrase “the interpretation” in the third line thereof with the phrase “, or public
announcement of, the formal or informal interpretation”, (ii) replacing the word “Shares” where it appears in clause (X) thereof with the words “Hedge Position”, (iii) replacing the parenthetical beginning after the
word “regulation” in the second line thereof the words “(including, for the avoidance of doubt and without limitation, (x) any tax law or (y) adoption or promulgation of new regulations authorized or mandated by existing
statute)” and (iv) adding the words “provided that in the case of clause (Y) hereof, the consequence of such law, regulation or interpretation is applied consistently by Dealer to all similar transactions in a non-discriminatory manner;” after the semi-colon in the last line thereof; provided further that, in the case of any increased cost described in clause (Y) of Section 12.9(a)(ii) of the Equity
Definitions, the consequences provided with respect to “Increased Cost of Hedging” in Section 12.9(b)(vi) of the Equity Definitions shall apply, as if Increased Cost of Hedging were applicable to such event.
		
	 Failure to Deliver:
	 	Not Applicable
		
	 Hedging Disruption:
	 	Applicable; provided that:
		
		 	 (i)  Section 12.9(a)(v) of the Equity Definitions is hereby amended by
(a) inserting the following words at the end of clause (A) thereof: “in the

  
 11 

			
		
		 	 manner contemplated by the Hedging Party on the Trade Date” and (b) inserting the following two phrases at
the end of such Section:

		
		 	       “For the avoidance of doubt, the term “equity
price risk” shall be deemed to include, but shall not be limited to, stock price and volatility risk. And, for the further avoidance of doubt, any such transactions or assets referred to in phrases (A) or (B) above must be available on
commercially reasonable pricing terms.”;

		
		 	 (ii)  Section 12.9(b)(iii) of the Equity Definitions is hereby amended by
inserting in the third line thereof, after the words “to terminate the Transaction”, the words “or a portion of the Transaction affected by such Hedging Disruption”; and

		
		 	 (iii)   it shall not be a Hedging Disruption if such inability occurs solely due
to the deterioration of the creditworthiness of the Hedging Party.

		
	 Increased Cost of Hedging:
	 	Not Applicable
		
	 Hedging Party:
	 	For all applicable Additional Disruption Events, Dealer; provided that, when making any determination or calculation as “Hedging Party,” Dealer shall be bound by the same obligations relating to required acts of the
Calculation Agent as set forth in Section 1.40 of the Equity Definitions and this Confirmation as if the Hedging Party were the Calculation Agent. The parties agree that they will comply with the provisions set forth in the second sentence
under “Calculation Agent” below, as if the Hedging Party were the Calculation Agent for purposes thereof.
		
	 Determining Party:
	 	For all applicable Extraordinary Events, Dealer; provided that, when making any determination or calculation as “Determining Party,” Dealer shall be bound by the same obligations relating to required acts of the
Calculation Agent as set forth in Section 1.40 of the Equity Definitions and this Confirmation as if the Determining Party were the Calculation Agent. The parties agree that they will comply with the provisions set forth in the second sentence
under “Calculation Agent” below, as if the Determining Party were the Calculation Agent for purposes thereof.
		
	 Non-Reliance:
	 	Applicable
		
	 Agreements and Acknowledgments
	 	
	 Regarding Hedging Activities:
	 	Applicable
		
	 Additional Acknowledgments:
	 	Applicable

  
 12 

			
		
	 4.  Calculation Agent.
	 	 Dealer; provided that, following the occurrence and during the continuance of an Event of Default of the type described in
Section 5(a)(vii) of the Agreement with respect to which Dealer is the sole Defaulting Party, Counterparty shall have the right to designate a nationally recognized independent equity derivatives dealer to replace Dealer as the Calculation
Agent, and the parties shall work in good faith to execute any appropriate documentation required by such replacement Calculation Agent.
  

Following any adjustment, determination or calculation by the Calculation Agent or Determining Party hereunder, upon a written request by Counterparty (which
may be by email), the Calculation Agent or Determining Party, as the case may be, will promptly (but in any event within three Scheduled Trading Days) provide to Counterparty by email to the email address provided by Counterparty in such written
request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable detail the basis for such adjustment, determination or calculation (including any assumptions used in making such
adjustment, determination or calculation), it being understood that in no event will Dealer be obligated to share with Counterparty any proprietary or confidential data or information or any proprietary or confidential models used by it in making
such adjustment, determination or calculation.

  

	5.	 Account Details. 

 

	 	(a)	 Account for payments to Counterparty: 

To be provided. 
  

	 	(b)	 Account for payments to Dealer: 

 

	 	Bank:	
[                       
 ] 

	 	ABA#:	
[                       
 ] 

	 	Acct  No.:	
[                       
 ] 

	 	Beneficiary:	
[                       
 ] 

	 	Ref:	
[                       
 ] 

  

	6.	 Offices. 

 

	 	(a)	 The Office of Counterparty for the Transaction is: Inapplicable, Counterparty is not a Multibranch Party.

  

	 	(b)	 The Office of Dealer for the Transaction is: [    ]. 

 

	7.	 Notices. 

 

	 	(a)	 Address for notices or communications to Counterparty: 

LivaNova USA, Inc. 

  
 13 

 c/o LivaNova PLC 

20 Eastbourne Terrace 
 London,
United Kingdom, W2 6LG 
 Attention: [    ] 

Telephone No.: [    ] 

Email: [    ] 
  

	 	(b)	 Address for notices or communications to Dealer: 

[            ] 

 

	8.	 Representations and Warranties of Counterparty. 

Counterparty hereby represents and warrants to Dealer on the date hereof and on any date on which the Initial Purchasers exercise their
over-allotment option to purchase additional Exchangeable Notes pursuant to the Purchase Agreement: 
  

	 	(a)	 Counterparty has all necessary corporate power and authority to execute, deliver and perform its obligations in
respect of the Transaction; such execution, delivery and performance have been duly authorized by all necessary corporate action on Counterparty’s part; and this Confirmation has been duly and validly executed and delivered by Counterparty and
constitutes its valid and binding obligation, enforceable against Counterparty in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’
rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or
in equity) and except that rights to indemnification and contribution hereunder may be limited by federal or state securities laws or public policy relating thereto. 

 

	 	(b)	 Neither the execution and delivery of this Confirmation nor the incurrence or performance of obligations of
Counterparty hereunder will conflict with or result in a breach of (i) the certificate of incorporation or by-laws (or any equivalent documents) of Issuer or Counterparty, (ii) any applicable law or
regulation, or any order, writ, injunction or decree of any court or governmental authority or agency, or (iii) any agreement or instrument to which Issuer or Counterparty or any of their subsidiaries is a party or by which Issuer, Counterparty
or any of their subsidiaries is bound or to which Issuer, Counterparty or any of their subsidiaries is subject, or constitute a default under, or result in the creation of any lien under, any such agreement or instrument, except, in the case of
clause (iii), to the extent that such conflict, breach, default or lien would not reasonably be expected to have a material adverse effect on Counterparty, Issuer, the Transaction or Dealer’s rights or obligations relating to the Transaction.

  

	 	(c)	 No consent, approval, authorization, or order of, or filing with, any governmental agency or body or any court
is required in connection with the execution, delivery or performance by Counterparty of this Confirmation, except such as have been obtained or made and such as may be required under the Securities Act of 1933, as amended (the “Securities
Act”), or state securities laws. 

  

	 	(d)	 Counterparty is not and, after consummation of the transactions contemplated hereby, will not be required to
register as an “investment company” as such term is defined in the Investment Company Act of 1940, as amended. 

  

	 	(e)	 Counterparty is an “eligible contract participant” (as such term is defined in Section 1a(18) of
the Commodity Exchange Act, as amended, other than a person that is an eligible contract participant under Section 1a(18)(C) of the Commodity Exchange Act). 

  
 14 

	 	(f)	 Each of Counterparty and Issuer is not, on the date hereof, aware of any material non-public information with respect to Issuer or the Shares. 

  

	 	(g)	 To the knowledge of Counterparty, no state or local (including any
non-U.S. jurisdiction’s) law, rule, regulation or regulatory order applicable to the Shares would give rise to any reporting, consent, registration or other requirement (including without limitation a
requirement to obtain prior approval from any person or entity) as a result of Dealer or its affiliates owning or holding (however defined) Shares; provided that Counterparty makes no representation or warranty regarding any such requirement
that is applicable generally to the ownership of equity securities by Dealer solely as a result of it being a financial institution or broker-dealer. 

  

	 	(h)	 Counterparty (A) is capable of evaluating investment risks independently, both in general and with regard
to the Transaction; (B) will exercise independent judgment in evaluating the recommendations of any broker-dealer or its associated persons, unless it has otherwise notified the broker-dealer in writing; and (C) has total assets of at
least USD 50 million. 

  

	 	(i)	 Without limiting the generality of Section 13.1 of the Equity Definitions, Counterparty acknowledges that
neither Dealer nor any of its affiliates is making any representations or warranties or taking any position or expressing any view with respect to the treatment of the Transaction under any accounting standards including ASC Topic 260, Earnings
Per Share, ASC Topic 815, Derivatives and Hedging, or ASC Topic 480, Distinguishing Liabilities from Equity and ASC 815-40, Derivatives and Hedging – Contracts in Entity’s Own
Equity (or any successor statements). 

  

	 	(j)	 Counterparty understands that notwithstanding any other relationship between Counterparty and Dealer and its
affiliates, in connection with the Transaction and any other over-the-counter derivative transactions between Counterparty and Dealer or its affiliates, each of Dealer
or its affiliates is acting as principal and is not a fiduciary or advisor in respect of any such transaction, including any entry, exercise, amendment, unwind or termination thereof. 

 

	 	(k)	 Counterparty represents and warrants that it has received, read and understands the OTC Options Risk
Disclosure Statement and a copy of the most recent disclosure pamphlet prepared by The Options Clearing Corporation entitled “Characteristics and Risks of Standardized Options”. 

 

	 	(l)	 Each party acknowledges and agrees to be bound by the Conduct Rules of the Financial Industry Regulatory
Authority, Inc. applicable to transactions in options, and further agrees not to violate the position and exercise limits set forth therein. 

  

	 	(m)	 Counterparty is not “insolvent” (as such term is defined under Section 101(32) of the U.S.
Bankruptcy Code (Title 11 of the United States Code) (the “Bankruptcy Code”)). 

 9.    Other
Provisions. 
  

	 	(a)	 Opinions. Counterparty shall deliver to Dealer an opinion of counsel, dated as of the Premium
Payment Date, with respect to the matters set forth in Sections 8(a) through (c) of this Confirmation. Delivery of such opinion to Dealer shall be a condition precedent for the purpose of Section 2(a)(iii) of the Agreement with respect to
each obligation of Dealer under Section 2(a)(i) of the Agreement. 

  

	 	(b)	 Repurchase Notices. Counterparty shall on any day on which Issuer, directly or indirectly,
effects any repurchase of Shares, give Dealer a written notice of such repurchase (a “Repurchase Notice”) if following such repurchase, the number of outstanding Shares as determined on such day is (i) less than
[    ]2 million (in the case of the first such notice) or (ii) thereafter more than
[    ]3 million less than the number of Shares included in the immediately preceding Repurchase 

 
 2 Insert the number of Shares outstanding that would cause Dealer’s maximum position in the Shares underlying the Transaction (including the number of Shares assuming the greenshoe is exercised in
full) to increase by 1.0%. 
 3 Insert the number of Shares that, if repurchased, would cause
Dealer’s maximum position in the Shares underlying the Transaction (including the number of Shares assuming the greenshoe is exercised in full) to increase by a further 0.5% from the threshold for the first Repurchase Notice. 

  
 15 

	 	
Notice. Counterparty agrees to indemnify and hold harmless Dealer and its affiliates and their respective officers, directors, employees, affiliates, advisors, agents and controlling persons
(each, an “Indemnified Person”) from and against any and all losses (including losses relating to Dealer’s hedging activities as a consequence of becoming, or of the risk of becoming, an “insider” for purposes of
Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including without limitation, any forbearance from hedging activities or cessation of hedging activities and any losses in connection therewith
with respect to the Transaction), claims, damages, judgments, liabilities and reasonable expenses (including reasonable attorney’s fees of one outside counsel in each relevant jurisdiction), joint or several, which an Indemnified Person may
become subject to, in each case, as a result of Counterparty’s failure to provide Dealer with a Repurchase Notice on the day and in the manner specified in this paragraph, and to reimburse, within 30 days, upon written request, each of such
Indemnified Persons for any reasonable and documented out-of-pocket legal or other expenses incurred in connection with investigating, preparing for, providing testimony
or other evidence in connection with or defending any of the foregoing. If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted against the Indemnified Person as a result
of Counterparty’s failure to provide Dealer with a Repurchase Notice in accordance with this paragraph, such Indemnified Person shall promptly notify Counterparty in writing, and Counterparty, upon request of the Indemnified Person, shall
retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others Counterparty may designate in such proceeding and shall pay the reasonable fees and expenses of such counsel related to such
proceeding. Counterparty shall not be liable for any settlement of any such proceeding contemplated by this paragraph that is effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff,
Counterparty agrees to indemnify any Indemnified Person from and against any loss or liability by reason of such settlement or judgment. Counterparty shall not, without the prior written consent of the Indemnified Person, effect any settlement of
any pending or threatened proceeding contemplated by this paragraph in respect of which any Indemnified Person is or could have been a party and indemnity could have been sought hereunder by such Indemnified Person, unless such settlement includes
an unconditional release of such Indemnified Person from all liability on claims that are the subject matter of such proceeding on terms reasonably satisfactory to such Indemnified Person. If the indemnification provided for in this paragraph is
unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then Counterparty hereunder, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the
amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities. The remedies provided for in this paragraph 9(b) are not exclusive and shall not limit any rights or remedies which may otherwise be
available to any Indemnified Person at law or in equity. The indemnity and contribution agreements contained in this paragraph shall remain operative and in full force and effect regardless of the termination of the Transaction. 

 

	 	(c)	 Regulation M. Neither Issuer nor Counterparty is on the Trade Date engaged in a distribution, as
such term is used in Regulation M under the Exchange Act, of any securities of Issuer, other than a distribution meeting the requirements of the exception set forth in Rules 101(b)(10) and 102(b)(7) of Regulation M. Counterparty shall not, and
Counterparty shall cause Issuer not to, until the second Scheduled Trading Day immediately following the Effective Date, engage in any such distribution. 

  

	 	(d)	 No Manipulation. Counterparty is not entering into the Transaction to create actual or apparent
trading activity in the Shares (or any security convertible into or exchangeable for the Shares) or to raise or depress or otherwise manipulate the price of the Shares (or any security convertible into or exchangeable for the Shares) or otherwise,
in each case, in violation of the Exchange Act. 

  
 16 

	 	(e)	 Transfer or Assignment. 

 

	 	(i)	 Counterparty shall have the right to transfer or assign its rights and obligations hereunder with respect to
all, but not less than all, of the Options hereunder (such Options, the “Transfer Options”); provided that such transfer or assignment shall be subject to reasonable conditions that Dealer may impose, including but not
limited, to the following conditions: 

  

	 	(A)	 With respect to any Transfer Options, Counterparty shall not be released from its notice and indemnification
obligations pursuant to Section 9(b) or any obligations under Section 9(n) or 9(s) of this Confirmation; 

  

	 	(B)	 Any Transfer Options shall only be transferred or assigned to a third party that is (x) a United States
person (as defined in Section 7701(a)(30) of the U.S. Internal Revenue Code of 1986, as amended (the “Code”)) or (y) an entity that is a tax resident in England and Wales; 

 

	 	(C)	 Such transfer or assignment shall be effected on terms, including any reasonable undertakings by such third
party (including, but not limited to, an undertaking with respect to compliance with applicable securities laws in a manner that, in the reasonable judgment of Dealer, will not expose Dealer to material risks under applicable securities laws) and
execution of any reasonable documentation and delivery of legal opinions with respect to securities laws and other matters by such third party and Counterparty, as are reasonably requested and reasonably satisfactory to Dealer;

  

	 	(D)	 Dealer will not, as a result of such transfer and assignment , be required to pay the transferee on any payment
date an amount under Section 2(d)(i)(4) of the Agreement greater than an amount that Dealer would have been required to pay to Counterparty in the absence of such transfer and assignment; 

 

	 	(E)	 An Event of Default, Potential Event of Default or Termination Event will not occur as a result of such
transfer and assignment; 

  

	 	(F)	 Without limiting the generality of clause (B), Counterparty shall cause the transferee to make such Payee Tax
Representations and to provide such tax documentation as may be reasonably requested by Dealer to permit Dealer to determine that the results described in clause (D) will not occur upon or after such transfer and assignment; and

  

	 	(G)	 Counterparty shall be responsible for all reasonable costs and expenses, including reasonable counsel fees,
incurred by Dealer in connection with such transfer or assignment. 

  

	 	(ii)	 Dealer may transfer or assign all or any part of its rights or obligations under the Transaction
(A) without Counterparty’s consent, to any affiliate of Dealer (1) that has a long-term issuer rating that is equal to or better than Dealer’s credit rating by both of S&P Global Ratings or its successor
(“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”) at the time of such transfer or assignment, or (2) whose obligations hereunder will be guaranteed, pursuant to the terms of a customary
guarantee in a form used by Dealer generally for similar transactions, by Dealer or Dealer’s ultimate parent, or (B) with Counterparty’s consent (such consent not to be unreasonably withheld or delayed), to any other third party;
provided that, in the case of any transfer or assignment described in clause (A) or (B) above, such a transfer or assignment shall not occur unless (I) an Event of Default, Potential Event of Default or Termination Event will not
occur as a result of such transfer and assignment; (II) at the time of such transfer or assignment either (i) each Dealer 

  
 17 

	 	
and the transferee or assignee in any such transfer or assignment is a “dealer in securities” within the meaning of Section 475(c)(1) of the Code or (ii) the transfer or
assignment does not result in a deemed exchange by Counterparty within the meaning of Section 1001 of the Code; (III) Counterparty would not, at the time and as a result of such transfer or assignment, reasonably be expected to become
subject to any law, regulation or similar requirement to which it would not otherwise have been subject absent such transfer or assignment; and (IV) Counterparty will not, as a result of such transfer or assignment, reasonably be expected to
suffer material adverse tax consequences from such transfer or assignment at such time or on any later date. In addition, (A) the transferee or assignee shall agree that following such transfer or assignment, Counterparty will not
(x) receive from the transferee or assignee on any payment date or delivery date (after accounting for amounts paid by the transferee or assignee under Section 2(d)(i)(4) of the Agreement as well as any withholding or deduction of Tax from
the payment or delivery) an amount or a number of Shares, as applicable, lower than the amount or the number of Shares, as applicable, that Dealer would have been required to pay or deliver to Counterparty in the absence of such transfer or
assignment, or (y) be required to pay such assignee or transferee on any payment date an amount under Section 2(d)(i)(4) of the Agreement greater than an amount that Counterparty would have been required to pay to Dealer in the absence of
such transfer or assignment, and (B) the transferee or assignee shall make such Payee Tax Representations and shall provide such tax documentation as may be reasonably requested by Counterparty to permit Counterparty to make any necessary
determinations pursuant to clause (A) of this proviso. 

  

	 	(iii)	 If at any time at which (A) the Section 16 Percentage exceeds 9.0%, (B) the Option Equity Percentage
exceeds 14.5%, or (C) the Share Amount exceeds the Applicable Share Limit (if any applies) (any such condition described in clauses (A), (B) or (C), an “Excess Ownership Position”), Dealer is unable after using its commercially
reasonable efforts to effect a transfer or assignment of Options to a third party on pricing terms reasonably acceptable to Dealer and within a time period reasonably acceptable to Dealer such that no Excess Ownership Position exists, then Dealer
may designate any Exchange Business Day as an Early Termination Date with respect to a portion of the Transaction (the “Terminated Portion”), such that following such partial termination no Excess Ownership Position exists. In the
event that Dealer so designates an Early Termination Date with respect to a portion of the Transaction, a payment shall be made pursuant to Section 6 of the Agreement as if (1) an Early Termination Date had been designated in respect of a
Transaction having terms identical to the Transaction and a Number of Options equal to the number of Options underlying the Terminated Portion, (2) Counterparty were the sole Affected Party with respect to such partial termination and
(3) the Terminated Portion were the sole Affected Transaction. Dealer shall notify Counterparty of an Excess Ownership Position with respect to which it intends to seek a transfer or assignment as soon as reasonably practicable after becoming
aware of such an Excess Ownership Position and shall use good faith efforts to avoid an Excess Ownership Position. The “Section 16 Percentage” as of any day is the fraction, expressed as a percentage, (A) the
numerator of which is the number of Shares that Dealer and any of its affiliates or any other person subject to aggregation with Dealer for purposes of the “beneficial ownership” test under Section 13 of the Exchange Act, or any
“group” (within the meaning of Section 13 of the Exchange Act) of which Dealer is or may be deemed to be a part beneficially owns (within the meaning of Section 13 of the
Exchange Act), without duplication, on such day (or, to the extent that for any reason the equivalent calculation under Section 16 of the Exchange Act and the rules and regulations thereunder results in a higher number, such higher number) and
(B) the denominator of which is the number of Shares outstanding on such day. The “Option Equity Percentage” as of any day is the fraction, expressed as a percentage, (A) the numerator of which is the sum of (1) the
product of the Number of Options and the Option Entitlement and (2) the aggregate number of Shares underlying any other call option transaction for which the “Shares” (or equivalent term with respect to such transaction) are the
Shares sold by Dealer 

  
 18 

	 	
to Issuer or Counterparty, and (B) the denominator of which is the number of Shares outstanding. The “Share Amount” as of any day is the number of Shares that Dealer and any
person whose ownership position would be aggregated with that of Dealer (Dealer or any such person, a “Dealer Person”) under any law, rule, regulation, regulatory order or organizational documents or contracts of Issuer or
Counterparty that are, in each case, applicable to ownership of Shares (excluding those arising under Sections 13 or 16 of the Exchange Act, in each case, as in effect on the Trade Date, “Applicable Restrictions”), owns,
beneficially owns, constructively owns, controls, holds the power to vote or otherwise meets a relevant definition of ownership under any Applicable Restriction, as determined by Dealer in its reasonable discretion. The “Applicable Share
Limit” means a number of Shares equal to (A) the minimum number of Shares that would give rise to reporting or registration obligations or other requirements of a Dealer Person, or is reasonably likely to result in an adverse effect on
a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion, minus (B) 1% of the number of Shares outstanding. 

  

	 	(f)	 [Reserved] 

 

	 	(g)	 [Reserved] 

 

	 	(h)	 [Reserved] 

 

	 	(i)	 Additional Termination Events. 

 

	 	(i)	 Notwithstanding anything to the contrary in this Confirmation, upon any Early Exchange in respect of which a
Notice of Exchange that is effective as to Counterparty has been delivered by the relevant exchanging Holder: 

  

	 	(A)	 Counterparty shall, within five Scheduled Trading Days of the Exchange Date for such Early Exchange, provide
written notice (an “Early Exchange Notice”) to Dealer specifying the number of Exchangeable Notes surrendered for exchange on such Exchange Date (such Exchangeable Notes, the “Affected Exchangeable Notes”), and the
giving of such Early Exchange Notice shall constitute an Additional Termination Event as provided in this clause (i); 

  

	 	(B)	 upon receipt of any such Early Exchange Notice, Dealer shall designate an Exchange Business Day as an Early
Termination Date (which Exchange Business Day shall be on or as promptly as reasonably practicable after the related settlement for such Early Exchange) with respect to the portion of the Transaction corresponding to a number of Options (the
“Affected Number of Options”) equal to the lesser of (x) the number of Affected Exchangeable Notes and (y) the Number of Options as of the Exchange Date for such Early Exchange; 

 

	 	(C)	 any payment hereunder with respect to such termination shall be calculated pursuant to Section 6 of the
Agreement as if (x) an Early Termination Date had been designated in respect of a Transaction having terms identical to the Transaction and a Number of Options equal to the Affected Number of Options, (y) Counterparty were the sole
Affected Party with respect to such Additional Termination Event and (z) the terminated portion of the Transaction were the sole Affected Transaction; provided that the amount payable with respect to such termination shall not be greater
than (1) the Applicable Percentage, multiplied by (2) the Affected Number of Options, multiplied by (3) (x) the amount of cash paid (if any) to the Holder (as such term is defined in the Indenture) of an Affected Exchangeable
Note upon exchange of such Affected Exchangeable Note, minus (y) USD 1,000; 

  
 19 

	 	(D)	 for the avoidance of doubt, in determining the amount payable in respect of such Affected Transaction pursuant
to Section 6 of the Agreement, the Calculation Agent shall assume that (x) the relevant Early Exchange and any exchanges, adjustments, agreements, announcements, payments, deliveries, acquisitions or other corporate events leading thereto
had not occurred, (y) no adjustments to the Exchange Rate have occurred pursuant to any Excluded Provision and (z) the corresponding Exchangeable Notes remain outstanding; and 

 

	 	(E)	 the Transaction shall remain in full force and effect, except that, as of the Exchange Date for such Early
Exchange, the Number of Options shall be reduced by the Affected Number of Options. 

  

	 	(ii)	 Notwithstanding anything to the contrary in this Confirmation if an event of default occurs under the terms of
the Exchangeable Notes as set forth in Section 6.01 of the Indenture that results in an acceleration of the Exchangeable Notes, then such acceleration shall constitute an Additional Termination Event applicable to the Transaction and, with
respect to such Additional Termination Event, (A) Counterparty shall be deemed to be the sole Affected Party, (B) the Transaction shall be the sole Affected Transaction and (C) Dealer shall be the party entitled to designate an Early
Termination Date pursuant to Section 6(b) of the Agreement. 

  

	 	(iii)	 Promptly (but in any event within five Scheduled Trading Days) following any Repurchase Event (as defined
below), Counterparty shall notify Dealer of such Repurchase Event and the aggregate principal amount of Exchangeable Notes subject to such Repurchase Event (any such notice, a “Exchangeable Notes Repurchase Notice”);
provided that any such Exchangeable Notes Repurchase Notice shall contain an acknowledgment by Counterparty of its responsibilities under applicable securities laws, and in particular Section 9 and Section 10(b) of the Exchange Act
and the rules and regulations thereunder, in respect of such Repurchase Event and the delivery of such Exchangeable Notes Repurchase Notice. The receipt by Dealer from Counterparty of any Exchangeable Notes Repurchase Notice shall constitute an
Additional Termination Event as provided in this Section 9(i)(iii). Upon receipt of any such Exchangeable Notes Repurchase Notice, Dealer shall designate an Exchange Business Day following receipt of such Exchangeable Notes Repurchase Notice
(which Exchange Business Day shall be on or as promptly as reasonably practicable after the related settlement date for the relevant Repurchase Event) as an Early Termination Date with respect to the portion of the Transaction corresponding to a
number of Options (the “Repurchase Options”) equal to the lesser of (A) the aggregate principal amount of such Exchangeable Notes specified in such Exchangeable Notes Repurchase Notice, divided by USD 1,000 and
(B) the Number of Options as of the date Dealer designates such Early Termination Date and, as of such date, the Number of Options shall be reduced by the number of Repurchase Options. Any payment hereunder with respect to such termination (the
“Repurchase Unwind Payment”) shall be calculated pursuant to Section 6 of the Agreement as if (1) an Early Termination Date had been designated in respect of a Transaction having terms identical to the Transaction and a
Number of Options equal to the number of Repurchase Options, (2) Counterparty were the sole Affected Party with respect to such Additional Termination Event and (3) the terminated portion of the Transaction were the sole Affected
Transaction, and for the avoidance of doubt, in determining the amount payable in respect of such Repurchase Unwind Payment, the Calculation Agent shall assume that (x) the relevant Repurchase Event and any repurchases, exchanges, adjustments,
agreements, announcements, payments, deliveries or other events leading thereto had not occurred, (y) no adjustments to the Exchange Rate have occurred pursuant to any Excluded Provision and (z) the corresponding Exchangeable Notes remain
outstanding. “Repurchase Event” means that (i) any Exchangeable Notes are repurchased or redeemed (whether pursuant to Sections 15.02, 16.01 and 17.01 of the Indenture or otherwise) by Issuer, Counterparty or any of their
respective subsidiaries, 

  
 20 

	 	
(ii) any Exchangeable Notes are delivered to Counterparty or Issuer in exchange for delivery of any property or assets of Issuer, Counterparty or any of their respective subsidiaries (howsoever
described), (iii) any principal of any of the Exchangeable Notes is repaid prior to the final maturity date of the Exchangeable Notes (other than upon acceleration of the Exchangeable Notes described in Section 9(i)(ii)), or (iv) any
Exchangeable Notes are exchanged by or for the benefit of the Holders (as defined in the Indenture) thereof for any other securities of Issuer, Counterparty or any of their Affiliates (or any other property, or any combination thereof) pursuant to
any exchange offer or similar transaction; provided that any exchange of Exchangeable Notes pursuant to the terms of the Indenture shall not constitute a Repurchase Event. 

 

	 	(iv)	 Notwithstanding anything to the contrary in this Confirmation, the occurrence of an Amendment Event shall
constitute an Additional Termination Event applicable to the Transaction and, with respect to such Additional Termination Event, (A) Counterparty shall be deemed to be the sole Affected Party, (B) the Transaction shall be the sole Affected
Transaction and (C) Dealer shall be the party entitled to designate an Early Termination Date pursuant to Section 6(b) of the Agreement (which Early Termination Date, if any, shall occur as promptly as commercially reasonably practicable
after the occurrence of the relevant Amendment Event). “Amendment Event” means that Counterparty amends, modifies, supplements, waives or obtains a waiver in respect of any term of the Indenture or the Exchangeable Notes governing
the principal amount, coupon, maturity, repurchase obligation of Issuer or Counterparty, redemption right of Issuer or Counterparty, any term relating to exchange of the Exchangeable Notes (including changes to the exchange rate, exchange rate
adjustment provisions, exchange settlement dates or exchange conditions), or any term that would require consent of the holders of not less than 100% of the principal amount of the Exchangeable Notes to amend (other than, in each case, any amendment
or supplement (x) pursuant to Section 10.01(l) of the Indenture that, as determined by the Calculation Agent, conforms the Indenture to the description of Exchangeable Notes in the Offering Memorandum or (y) pursuant to
Section 14.07 of the Indenture), in each case, without the consent of Dealer (such consent not to be unreasonably withheld or delayed). 

  

	 	(j)	 Amendments to Equity Definitions. 

 

	 	(i)	 Section 11.2(e)(vii) of the Equity Definitions is hereby amended by (x) inserting the word
“corporate” immediately prior to the word “event” and (y) deleting the words “a diluting or concentrative” and replacing them with the words “a material” and adding the phrase “or the Options”
at the end of the sentence. 

  

	 	(ii)	 Section 12.9(b)(i) of the Equity Definitions is hereby amended by inserting the phrase “;
provided that Counterparty may only elect to terminate the Transaction upon the occurrence of a Change in Law or Insolvency Filing if concurrently with electing to terminate the Transaction, Counterparty provides to Dealer an acknowledgment
of its responsibilities under applicable securities laws, and in particular Section 9 and Section 10(b) of the Exchange Act and the rules and regulations thereunder. 

 

	 	(iii)	 Section 12.9(b)(vi) of the Equity Definitions is hereby amended by inserting the phrase “; provided
that Counterparty may only elect to terminate the Transaction upon the occurrence of an Increased Cost of Hedging if concurrently with electing to terminate the Transaction, Counterparty provides to Dealer an acknowledgment of its responsibilities
under applicable securities laws, and in particular Section 9 and Section 10(b) of the Exchange Act and the rules and regulations thereunder. 

  

	 	(k)	 [Reserved] 

 

	 	(l)	 [Reserved] 

  
 21 

	 	(m)	 Waiver of Jury Trial. Each party waives, to the fullest extent permitted by applicable law, any
right it may have to a trial by jury in respect of any suit, action or proceeding relating to the Transaction. Each party (i) certifies that no representative, agent or attorney of either party has represented, expressly or otherwise, that such
other party would not, in the event of such a suit, action or proceeding, seek to enforce the foregoing waiver and (ii) acknowledges that it and the other party have been induced to enter into the Transaction, as applicable, by, among other
things, the mutual waivers and certifications provided herein. 

  

	 	(n)	 Registration. Counterparty hereby agrees that if, in the good faith reasonable judgment of Dealer
based on the advice of counsel, the Shares (“Hedge Shares”) acquired by Dealer for the purpose of hedging its obligations pursuant to the Transaction cannot be sold in the public market by Dealer without registration under the
Securities Act, Counterparty shall, at its election, either (i) in order to allow Dealer to sell the Hedge Shares in a registered offering, cause Issuer to make available to Dealer an effective registration statement under the Securities Act
and cause Issuer to enter into an agreement, in form and substance satisfactory to Dealer, substantially in the form of an underwriting agreement for a registered secondary offering; provided, however, that if Dealer, in its sole reasonable
discretion, is not satisfied with access to due diligence materials, the results of its due diligence investigation, or the procedures and documentation for the registered offering referred to above, then clause (ii) of this paragraph shall
apply at the election of Counterparty or (ii) in order to allow Dealer to sell the Hedge Shares in a private placement, cause Issuer to enter into a private placement agreement substantially similar to private placement purchase agreements
customary for private placements of equity securities, in form and substance satisfactory to Dealer (in which case, the Calculation Agent shall make any adjustments to the terms of the Transaction that are necessary, in its reasonable judgment, to
compensate Dealer for any discount from the public market price of the Shares incurred on the sale of Hedge Shares in a private placement). 

  

	 	(o)	 Tax Disclosure. Effective from the date of commencement of discussions concerning the
Transaction, Counterparty and each of its employees, representatives, or other agents may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the Transaction and all materials of any kind
(including opinions or other tax analyses) that are provided to Counterparty relating to such tax treatment and tax structure. 

  

	 	(p)	 Right to Extend. Dealer may postpone or add, in whole or in part, any Valid Day or Valid Days
during the Settlement Averaging Period or any other date of valuation, payment or delivery by Dealer, with respect to some or all of the Options hereunder, if Dealer reasonably determines, in its commercially reasonable discretion and, in respect of
clause (ii) below, based on the advice of counsel, that such action is reasonably necessary or advisable (i) to preserve Dealer’s hedging or hedge unwind activity hereunder in light of existing liquidity conditions (but only if there
is a material decrease in liquidity relative to the Trade Date) or (ii) to enable Dealer to effect purchases or sales of Shares in connection with its hedging, hedge unwind or settlement activity hereunder in a manner that would, if Dealer were
an affiliated purchaser of Issuer, be in compliance with applicable legal or regulatory requirements, requirements of self-regulatory organizations with jurisdiction over Dealer or its affiliates, or with related policies and procedures adopted in
good faith by Dealer (so long as such policies and procedures would generally be applicable to counterparties similar to Counterparty and transactions similar to the Transaction); provided that no such Valid Day or other date of valuation,
payment or delivery may be postponed or added more than 50 Valid Days after the original Valid Day or other date of valuation, payment or delivery, as the case may be. 

 

	 	(q)	 [Reserved] 

 

	 	(r)	 Securities Contract; Swap Agreement. The parties hereto intend for (i) the Transaction to be
a “securities contract” and a “swap agreement” as defined in the Bankruptcy Code, and the parties hereto to be entitled to the protections afforded by, among other Sections, Sections 362(b)(6), 362(b)(17), 546(e), 546(g), 555 and
560 of the Bankruptcy Code, (ii) a party’s right to liquidate the Transaction and to exercise any other remedies upon the occurrence of any Event of Default under 

  
 22 

	 	
the Agreement with respect to the other party to constitute a “contractual right” as described in the Bankruptcy Code, and (iii) each payment and delivery of cash, securities or
other property hereunder to constitute a “margin payment” or “settlement payment” and a “transfer” as defined in the Bankruptcy Code. 

 

	 	(s)	 Notice of Certain Other Events. Counterparty covenants and agrees that: 

 

	 	(i)	 promptly following the public announcement of the results of any election by the holders of Shares with respect
to the consideration due upon consummation of any Merger Event, Counterparty shall give Dealer written notice of the weighted average of the types and amounts of consideration received by holders of Shares upon consummation of such Merger Event (the
date of such notification, the “Consideration Notification Date”); provided that in no event shall the Consideration Notification Date be later than the date on which such Merger Event is consummated; and

  

	 	(ii)	 (A) Counterparty shall give Dealer commercially reasonable advance (but in no event less than two Exchange
Business Days) written notice of the section or sections of the Indenture and, if applicable, the formula therein, pursuant to which any adjustment will be made to the Exchangeable Notes in connection with any Potential Adjustment Event, Merger
Event or Tender Offer and (B) promptly following any such adjustment, Counterparty shall give Dealer written notice of the details of such adjustment. 

  

	 	(t)	 Wall Street Transparency and Accountability Act. In connection with Section 739 of the Wall
Street Transparency and Accountability Act of 2010 (“WSTAA”), the parties hereby agree that neither the enactment of WSTAA or any regulation under the WSTAA, nor any requirement under WSTAA or an amendment made by WSTAA, shall limit
or otherwise impair either party’s otherwise applicable rights to terminate, renegotiate, modify, amend or supplement this Confirmation or the Agreement, as applicable, arising from a termination event, force majeure, illegality, increased
costs, regulatory change or similar event under this Confirmation, the Equity Definitions incorporated herein, or the Agreement (including, but not limited to, rights arising from Change in Law, Hedging Disruption, an Excess Ownership Position, or
Illegality (as defined in the Agreement)). 

  

	 	(u)	 Agreements and Acknowledgments Regarding Hedging. Counterparty understands, acknowledges and
agrees that: (A) at any time on and prior to the Expiration Date, Dealer and its affiliates may buy or sell Shares or other securities or buy or sell options or futures contracts or enter into swaps or other derivative securities in order to
adjust its hedge position with respect to the Transaction; (B) Dealer and its affiliates also may be active in the market for Shares other than in connection with hedging activities in relation to the Transaction; (C) Dealer shall make its
own determination as to whether, when or in what manner any hedging or market activities in securities of Issuer shall be conducted and shall do so in a manner that it deems appropriate to hedge its price and market risk with respect to the Relevant
Prices; and (D) any market activities of Dealer and its affiliates with respect to Shares may affect the market price and volatility of Shares, as well as the Relevant Prices, each in a manner that may be adverse to Counterparty.

  

	 	(v)	 Early Unwind. 

 

	 	(i)	 In the event (x) the sale of the “Firm Notes” (as defined in the Purchase Agreement) is not
consummated with the Initial Purchasers for any reason by 5:00 p.m. (New York City time) on the Premium Payment Date, or such later date as agreed upon by the parties (the Premium Payment Date or such later date the “Early Unwind
Date”) or (y) each of the 2019 Debt Facility, the 2017 EIB loan, the 2014 EIB loan (each as defined in the Offering Memorandum) and the Facility Agreement dated July 25, 2019 between Issuer, Italian Branch and Banca Nazionale Del
Lavoro S.p.A. is not repaid in full and terminated on or prior to the Premium Payment Date, the Transaction shall automatically terminate (the “Early Unwind”) on the Early Unwind Date and (i) the Transaction and
all of the respective rights and obligations of Dealer and Counterparty under the Transaction shall 

  
 23 

	 	
be cancelled and terminated and (ii) each party shall be released and discharged by the other party from and agrees not to make any claim against the other party with respect to any
obligations or liabilities of the other party arising out of and to be performed in connection with the Transaction either prior to or after the Early Unwind Date; provided that (x) Counterparty shall reimburse Dealer for any hedging
losses reasonably incurred in connection with Dealer’s disposition of any hedge position with respect to the Transaction in connection with any Early Unwind and (y) with respect to any Early Unwind, Dealer shall return on the Early Unwind
Date any Premium actually paid by Counterparty. Each of Dealer and Counterparty represents and acknowledges to the other that, subject to the proviso included in this Section 9(v)(i), upon an Early Unwind, all obligations with respect to the
Transaction shall be deemed fully and finally discharged. 

  

	 	(ii)	 In the event (x) the sale of any “Additional Notes” (as defined in the Purchase Agreement) is
not consummated with the Initial Purchasers for any reason by 5:00 p.m. (New York City time) on the related Additional Premium Payment Date, or such later date as agreed upon by the parties (the related Additional Premium Payment Date or such later
date the “Additional Early Unwind Date”) or (y) each of the 2019 Debt Facility, the 2017 EIB loan, the 2014 EIB loan (each as defined in the Offering Memorandum) and the Facility Agreement dated July 25, 2019
between Issuer, Italian Branch and Banca Nazionale Del Lavoro S.p.A. is not repaid in full and terminated on or prior to the related Additional Premium Payment Date, the Number of Options shall not be increased as set forth in the second
sentence opposite the caption “Number of Options” above in connection with the purchase and sale of such “Additional Notes” (the “Additional Early Unwind”) and (i) such increase in the Number of Options and
all of the respective rights and obligations of Dealer and Counterparty in respect of such increase in the Number of Options (including, without limitation, Counterparty’s obligation to pay the related Additional Premium) shall be cancelled and
terminated and (ii) each party shall be released and discharged by the other party from and agrees not to make any claim against the other party with respect to any obligations or liabilities of the other party arising out of and to be
performed in connection with such increase in the Number of Options either prior to or after the Additional Early Unwind Date; provided that (x) Counterparty shall reimburse Dealer for any hedging losses reasonably incurred in connection
with Dealer’s disposition of any hedge position with respect to such increase in the Number of Options in connection with any Additional Early Unwind and (y) with respect to any Additional Early Unwind, Dealer shall return on the
Additional Early Unwind Date any Additional Premium actually paid by Counterparty. Each of Dealer and Counterparty represents and acknowledges to the other that, subject to the proviso included in this Section 9(v)(ii), upon an Additional Early
Unwind, all obligations with respect to the related increase in the Number of Options as set forth in the second sentence opposite the caption “Number of Options” above shall be deemed fully and finally discharged. 

 

	 	(w)	 Other Adjustments Pursuant to the Equity Definitions. Notwithstanding anything to the contrary in
the Agreement, the Equity Definitions or this Confirmation, upon the occurrence of a Merger Date, the occurrence of a Tender Offer Date, or declaration by Issuer or Counterparty of the terms of any Potential Adjustment Event, the Calculation Agent
shall adjust the Cap Price as the Calculation Agent determines appropriate to account for the economic effect on the Transaction of such occurrence or declaration; provided that (i) in no event shall the Cap Price be less than the Strike
Price and (ii) that any adjustment to the Cap Price pursuant to this Section 9(w) shall be made without duplication of any other adjustment or determination pursuant to this Confirmation (including, for the avoidance of doubt, adjustments
or determinations made in accordance with “Method of Adjustment,” “Consequences of Merger Events” and “Announcement Event” in Section 3 of this Confirmation). Solely for purposes of this Section 9(w) (1)
the terms “Merger Date,” “Tender Offer Date,” “Potential Adjustment Event,” “Merger Event,” and “Tender Offer” shall each have the meanings assigned to each such term in the Equity Definitions (in
the case of the definition of “Potential Adjustment Event”, as amended by Section 9(j)(i), and in the case of the definition of 

  
 24 

	 	
“Tender Offer”, as amended by Section 3 and as if all references to “voting shares” in Sections 12.1(d), 12.1(e) and 12.1(l) of the Equity Definitions were instead
references to “Shares”) and (2) “Extraordinary Dividend” means any cash dividend on the Shares. 

  

	 	(x)	 Amendment. This Confirmation and the Agreement may not be modified, amended or
supplemented, except in a written instrument signed by Counterparty and Dealer. 

  

	 	(y)	 Counterparts. This Confirmation may be executed in several counterparts, each of which shall be
deemed an original but all of which together shall constitute one and the same instrument. 

  

	 	(z)	 Delivery of Tax Certificates. On or prior to the Trade Date and at any other time reasonably
requested by Dealer, Counterparty shall have delivered to Dealer a properly completed U.S. Internal Revenue Service Form W-9. On or prior to the Trade Date and at any other time reasonably requested by
Counterparty, Dealer shall have delivered to Counterparty a properly completed U.S. Internal Revenue Service Form W-9 or U.S. Internal Revenue Service Form W-8ECI.

  

	 	(aa)	 FATCA. “Indemnifiable Tax”, as defined in Section 14 of the Agreement, and
“Tax”, as used in any representation being made for the purpose of Section 3(e) of the Agreement, shall not include any U.S. federal withholding tax imposed or collected pursuant to Sections 1471 through 1474 of the Code, any current
or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement
entered into in connection with the implementation of such Sections of the Code (a “FATCA Withholding Tax”). For the avoidance of doubt, a FATCA Withholding Tax is a Tax the deduction or withholding of which is required by
applicable law for the purposes of Section 2(d) of the Agreement. 

  

	 	(bb)	 2015 Section 871(m) Protocol. The parties agree that the
definitions and provisions contained in the 2015 Section 871(m) Protocol, as published by ISDA, are incorporated into and apply to the Agreement as if set forth in full herein. 

10.    Additional Provisions. 

[Insert applicable Dealer-specific provisions]. 

  
 25 

 Please confirm that the foregoing correctly sets forth the terms of our agreement by
executing this Confirmation and returning to Dealer. 
  

			
	Very truly yours,
	
	    [DEALER NAME]
		
	     By:
	 	  

	     Name:
	 	
	     Title:
	 	

 Accepted and confirmed 

as of the Trade Date: 
  

			
	 LIVANOVA USA, INC.

		
	 By:
	 	 
	 Name:
	 	
	 Title:Exhibit 10.1

      

      

      

    

    
      EXECUTION VERSION

      

      

       

      REGISTRATION RIGHTS AGREEMENT

       

      This Registration Rights Agreement (this “Agreement”)
        is made as of  June 11, 2020 by and among Bristow Group Inc. (f/k/a Era Group Inc.), a Delaware corporation (the “Company”), and the other parties signatory
        hereto (or deemed signatories hereto) and any additional parties identified on the signature pages of any joinder agreement executed and delivered pursuant hereto. Certain definitions are set forth in Section 23.

       

      RECITALS

       

      WHEREAS, on January 23, 2020, Bristow Holdings U.S. Inc. (f/k/a/ Bristow Group Inc.), a Delaware corporation (the “Bristow Subsidiary”), the Company and Ruby Redux Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of the Company (“Merger Sub”) entered into that certain Agreement and Plan of Merger, as amended on April 22, 2020 (as further amended, restated or modified from time to time, the “Merger Agreement”);

      

      

      WHEREAS, in connection with the transactions contemplated by the Merger Agreement, on January 23, 2020, the Bristow Subsidiary and the Company entered
        into a separate voting agreement (each, a “Voting Agreement”), with each of Solus Alternative Asset Management LP (“Solus”) and South Dakota Retirement System (“SDIC”) on their own respective behalf and on behalf of certain funds and accounts managed by and/or
        subsidiaries or Affiliates of each of Solus and SDIC (collectively, the “Stockholders”) pursuant to which, among other things, the Company agreed to provide the
        registration rights set forth in this Agreement;

      

      

      WHEREAS, on June 11, 2020, pursuant to the terms of the Merger Agreement, Merger Sub was merged with and into Bristow Subsidiary with Bristow
        Subsidiary continuing as the surviving corporation thereafter (the “Merger”); and

      

      

      WHEREAS, the Company, Solus and SDIC each acknowledge and agree that execution and delivery of this Agreement satisfies their respective obligations
        under Section 3.7 of each of the Voting Agreements.

       

      AGREEMENT

       

      NOW, THEREFORE, the parties hereto hereby agree as follows:

       

      1.            Shelf Registration Statement.

       

      1.1            No later than 10 Business Days
          after the later of (i) consummation of the Merger and (ii) the availability of all financial statements (including any financial statements required by Rule 3-05 of Regulation S-X and any pro forma financial statements required pursuant to
          Article 11 of Regulation S-X) required by the Securities Act (including the rules and regulations of the SEC promulgated thereunder) to be included or incorporated by reference a Registration Statement filed under the Securities Act, if the
          Company is then still eligible, the Company shall file with the Securities and Exchange Commission (the “Commission”) a Shelf Registration Statement (as may be amended
          from time to time, the “Initial Shelf”).  The Company shall use reasonable best efforts to prepare or cause to be prepared any and all financial statements required for
          the Initial Shelf as expeditiously as practicable. The Initial Shelf shall be on Form S-3 unless the Company is not then eligible to use Form S-3 in which case (i) the Initial Shelf shall be on Form S-1 and (ii) the reference to 10 Business Days
          in the first sentence of the Section 1.1 shall be deemed to be 20 Business Days. The Initial Shelf  shall include all of the  Registrable Securities of each Stockholder who shall have timely requested inclusion therein of some or all of its
          Registrable Securities by written notice to the Company. The Company shall use its reasonable best efforts to have the Initial Shelf declared effective by the Commission as soon as reasonably practicable after the Company files the Initial Shelf.

       

      
        

        
          

        

      

      
      If the Initial Shelf is on Form S-1, the Company shall use reasonable best efforts to keep the Initial Shelf continuously effective,
        and not subject to any stop order, injunction or other similar order or requirement of the Commission, until the earlier of (a) the date on which the Replacement S-3 Shelf (as defined below) is effective and (b) the date on which all Registrable
        Securities covered by the Initial Shelf shall cease to be Registrable Securities (such earlier date, the “Initial S-1 Shelf Expiration Date”). If the Initial Shelf is on
        Form S-1, then until the Initial S-1 Shelf Expiration Date, the Company will file any supplements or post-effective amendments required to be filed by applicable law so that (a) the Initial Shelf does not include any untrue statement of material
        fact or omit to state any material fact necessary in order to make the statements therein not misleading and (b) the Company complies with its obligations under Item 512(a)(1) of Regulation S-K; provided, however, that these obligations remain subject to the Company’s rights under Section 4. If the Initial
        Shelf is on Form S-3 the Company shall use reasonable best efforts to keep the Initial Shelf continuously effective, and not subject to any stop order, injunction or other similar order or requirement of the Commission, until the date on which all
        Registrable Securities covered by the Initial Shelf shall cease to be Registrable Securities.

       

      If the Initial Shelf is on Form S-1, upon
        the Company becoming eligible to register the Registrable Securities for resale by the Stockholders on Form S-3, the Company shall use reasonable best efforts to amend the Initial Shelf to a Shelf Registration Statement on Form S-3  or  file a
        Shelf Registration Statement on Form S-3 in substitution of the Initial Shelf (the “Replacement S-3 Shelf”) and cause the Replacement S-3 Shelf to be declared effective as
        soon as reasonably practicable thereafter. After the Replacement S-3 Shelf becomes effective, the Company shall use its reasonable best efforts to keep the Replacement S-3 Shelf continuously effective, and not subject to any stop order, injunction
        or other similar order or requirement of the Commission, until the date that all Registrable Securities covered by the Replacement S-3 Shelf shall cease to be Registrable Securities (such date, the “Replacement S-3 Shelf Expiration Date”).

       

      1.2            If prior to the Replacement S-3
          Shelf Expiration Date and after the effectiveness of the Initial Shelf there is not an effective Shelf Registration Statement on Form S-3, the Company shall promptly file a Shelf Registration Statement on Form S-1 (the “Subsequent S-1 Shelf”) and use its reasonable best efforts to have the Subsequent S-1 Shelf declared effective by the Commission as soon as reasonably practicable. In addition, the Company
          shall use reasonable best efforts to keep the Subsequent S-1 Shelf continuously effective, and not subject to any stop order, injunction or other similar order or requirement of the Commission, until the earlier of (a) the date on which the
          Subsequent S-3 Shelf (as defined below) is effective and (b) the date that all Registrable Securities covered by the Subsequent S-1 Shelf shall cease to be Registrable Securities (such earlier date, the “Subsequent S-1 Shelf Expiration Date”). Further, until the Subsequent S-1 Shelf Expiration Date, the Company will file any supplements or post-effective amendments required to be filed by applicable law so that
          (i) the Subsequent S-1 Shelf does not include any untrue statement of material fact or omit to state any material fact necessary in order to make the statements therein not misleading and (ii) the Company complies with its obligations under Item
          512(a)(1) of Regulation S-K; provided, however, that these
          obligations remain subject to the Company’s rights under Section 4. Upon the Company again becoming eligible to register the Registrable Securities for resale by the
          Stockholders on Form S-3, the Company shall use reasonable best efforts to amend the Subsequent S-1 Shelf to a Shelf Registration Statement on Form S-3 or file a Shelf Registration Statement on Form S-3 in substitution of the Subsequent S-1 Shelf
          (the “Subsequent S-3 Shelf”) and cause the Subsequent S-3 Shelf to be declared effective as soon as reasonably practicable thereafter. After the Subsequent S-3 Shelf
          becomes effective, the Company shall use its reasonable best efforts to keep the Subsequent S-3 Shelf continuously effective, and not subject to any stop order, injunction or other similar order or requirement of the Commission, until the date
          that all Registrable Securities covered by the Subsequent S-3 Shelf shall cease to be Registrable Securities.

       

      
        

        2

        
          

        

      

      1.3            Upon the request of any
          Stockholder whose Registrable Securities are not included in an effective Shelf Registration Statement at the time of such request, the Company shall use its reasonable best efforts to amend the Initial Shelf, the Replacement S-3 Shelf, the
          Subsequent S-1 Shelf or the Subsequent S-3 Shelf, as applicable, to include the Registrable Securities of such Stockholder; provided that the Company shall
          not be required to so amend such registration statement more than once every 90 days; and provided further that such Stockholder delivers all such information regarding the distribution of such Registrable Securities and such other information
          relating to such Stockholder and its Registrable Securities as the Company may reasonably request in writing. Within five days after receiving a request pursuant to the immediately preceding sentence, the Company shall give written notice of such
          request to all other Stockholders and shall include in such amendment all such Registrable Securities with respect to which the Company has received written requests for inclusion therein within 10 Business Days after the Company’s giving of such
          notice; provided that such requesting Stockholders promptly deliver all such information regarding the distribution of such Registrable Securities and such other information relating to such Stockholder and its Registrable Securities as the
          Company may reasonably request in writing; and provided further that the Company receives such information at least five Business Days prior to the anticipated filing date of such amendment (it being understood, however, that such Stockholder
          shall have five Business Days to comply with such request for information).

       

      2.            Piggyback Rights.

       

      2.1            If the Company proposes to (a)
          file a registration statement under the Securities Act with respect to an Underwritten Offering (other than a form not available for registering the resale of the Registrable Securities to the public), for its own account or for the account of a
          stockholder that is not a party to this Agreement, or (b) conduct an Underwritten Offering pursuant to a Shelf Registration Statement previously filed by the Company, for its own account or for the account of a stockholder that is not a party to
          this Agreement (such offering referred to in clause (a) or (b), a “Piggyback Offering”), the Company shall promptly give written notice (the “Piggyback Notice”) of such Piggyback Offering to the Stockholders. The Piggyback Notice shall include the amount of Common Stock proposed to be offered, the expected date of commencement of
          marketing efforts and any proposed managing underwriter and shall offer the Stockholders the opportunity to include in such Piggyback Offering such amount of Registrable Securities as each Stockholder may request. Subject to Section 3, the Company will include in each Piggyback Offering all Registrable Securities for which the Company has received written requests for inclusion within seven days
          after the date the Piggyback Notice is given (provided that in the case of a “bought deal,” “registered direct offering” or “overnight transaction” (a “Bought Deal”), such written requests for inclusion must be received within three Business Days after the date the Piggyback Notice is given); provided, however, that, in the case of a Piggyback Offering in the form of a “takedown”
          under a Shelf Registration Statement, such Registrable Securities are covered by an existing and effective Shelf Registration Statement that may be utilized for the offering and sale of the securities to be offered by the Company or a stockholder
          that is not a party to this Agreement and the Registrable Securities requested to be offered.

       

      2.2          If at any time after giving the
          Piggyback Notice and prior to the time sales of securities are confirmed pursuant to the Piggyback Offering, the Company determines for any reason not to undertake or delay the Piggyback Offering, the Company may, at its election, give notice of
          its determination to all Stockholders, and in the case of such a determination, will be relieved of its obligation set forth in Section 2.1 in connection with the
          abandoned or delayed Piggyback Offering, without prejudice.

       

      2.3          Any Stockholder requesting to be
          included in a Piggyback Offering may withdraw its request for inclusion by giving written notice to the Company, (a) at least three Business Days prior to the anticipated effective date of the registration statement filed in connection with such
          Piggyback Offering if the registration statement requires acceleration of effectiveness or (b) in all other cases, one Business Day prior to the anticipated date of the first use of the supplemental prospectus (which shall be the preliminary
          supplemental prospectus, if one is used in the “takedown”) with respect to such offering; provided, however, that the withdrawal will be irrevocable and, after making the withdrawal, a Stockholder will no longer have any right to include its Registrable Securities in that Piggyback Offering.

       

      
        

        3

        
          

        

      

      2.4            Notwithstanding the foregoing,
          any Stockholder may deliver written notice (an “Opt-Out Notice”) to the Company at any time requesting that such Stockholder not receive notice from the Company of any
          proposed Piggyback Offering; provided, however, that such
          Stockholder may later revoke any such Opt-Out Notice in writing.

       

      3.            Underwritten Offerings.

       

      3.1            At any time during which a Shelf
          Registration Statement covering Registrable Securities is effective, if one or more Stockholders (the “Requesting Stockholders”) deliver a notice to the Company (a “Takedown Notice”) stating that it intends to effect an Underwritten Offering of all or part of its Registrable Securities included by it on the Shelf Registration Statement
          (a “Demand Underwritten Offering”), then, subject to the conditions described in Section 3,
          including Section 3.3, the Company shall amend or supplement the Shelf Registration Statement as may be necessary in order to enable such Registrable Securities to be
          distributed pursuant to and utilized for offers and sale in connection with the Demand Underwritten Offering and otherwise use its commercially reasonable efforts to facilitate such Demand Underwritten Offering as expeditiously as practicable, provided that the number of shares of Common Stock requested by the Requesting Stockholders to be included in the Demand Underwritten Offering shall either (a)
          equal at least five percent of all outstanding shares of the Company’s Common Stock at such time or (b) have an anticipated aggregate gross offering price (before deducting underwriting discounts and commissions) of at least $20.0 million. Within
          five days after receiving a Takedown Notice, the Company shall give written notice of such request to all other Stockholders, and subject to the provisions of Section 3.3
          hereof, include in such Demand Underwritten Offering all such Registrable Securities with respect to which the Company has received written requests for inclusion therein within five days after the Company’s giving of such notice (provided that in the case of a Bought Deal, such written requests for inclusion must be received within two Business Days after the Company’s giving of such
          notice); provided, however, that such Registrable Securities are
          covered by an existing and effective Shelf Registration Statement that may be utilized for the offering and sale of the Registrable Securities requested to be registered.

        

      

      3.2            With respect to any Demand
          Underwritten Offering, the holders of a majority of the Registrable Securities included in such Demand Underwritten Offering shall select one or more investment banking firms to be the managing underwriters with the consent of the Company, which
          consent shall not be unreasonably withheld, conditioned or delayed.

       

      3.3            The Company will not be required
          to undertake a Demand Underwritten Offering if such Demand Underwritten Offering shall cause the number of Demand Underwritten Offerings in the immediately preceding 12-month period to exceed three; provided that a Demand Underwritten Offering shall not be considered made for purposes of this Section 3.3 unless it
          has resulted in the disposition by the Stockholders of at least 75% of the amount of Registrable Securities requested to be included.

       

      3.4            All Stockholders proposing to
          distribute their securities through an Underwritten Offering, as a condition for inclusion of their Registrable Securities therein, must agree to enter into an
            underwriting agreement with the underwriters in order to participate in such Underwritten Offering; provided, however, that the underwriting agreement is in customary form.

       

      3.5            If the managing underwriters for
          a Demand Underwritten Offering advise the Requesting Stockholders that in their opinion the inclusion of all securities requested to be included in the Demand Underwritten Offering (whether by the Company, any other Person, the Requesting
          Stockholders or the other Stockholders) may materially and adversely affect the price, timing, distribution or success of the offering (a “Negative Impact”), then all
          such securities to be included in such Demand Underwritten Offering shall be limited to the securities that the managing underwriters believe can be sold without a Negative Impact and shall be allocated as follows: (a) first, pro rata among the
          Requesting Stockholders and the other Stockholders who properly requested to include their Registrable Securities in such Demand Underwritten Offering (based on the number of shares of Registrable Securities properly requested by such
          Stockholders to be included in the Demand Underwritten Offering), (b) second, to the extent that any additional securities can, in the opinion of such managing underwriters, be sold without a Negative Impact, to the Company, and (c) third, to the
          extent that any additional securities can, in the opinion of the managing underwriters, be sold without a Negative Impact, to the Company’s other stockholders who properly requested to include their securities in such Demand Underwritten Offering
          pursuant to an agreement, other than this Agreement, with the Company that provides for registration rights in accordance with the terms of such agreement.

       

      
        

        4

        
          

        

      

      3.6            If the managing underwriters for
          a Piggyback Offering initiated by the Company for its own account advise the Company that in their reasonable opinion the inclusion of all shares of Common Stock requested to be included in such Piggyback Offering (whether by the Company, the
          Stockholders or any other Person) may have a Negative Impact, then all such shares to be included therein shall be limited to the shares that the managing underwriters reasonably believe can be sold without a Negative Impact and shall be
          allocated as follows: (a) first, to the Company, and (b) second, to the extent that any additional shares can, in the opinion of such managing underwriters, be sold without a Negative Impact, pro rata among the Stockholders who properly requested
          to include their Registrable Securities and the Company’s stockholders who properly requested to include their shares pursuant to an agreement, other than this Agreement, with the Company that provides for registration rights (based on the number
          of shares of Common Stock properly requested by such stockholders to be included in the Piggyback Offering).

       

      3.7            If the managing underwriters for
          a Piggyback Offering initiated by a stockholder that is not a party to this Agreement for such stockholder’s account advise such stockholder that in their reasonable opinion the inclusion of all shares of Common Stock requested to be included in
          such Piggyback Offering (whether by the Company, the Stockholders, the initiating stockholder or any other Person) may have a Negative Impact, then all such shares to be included therein shall be limited to the shares that the managing
          underwriters believe can be sold without a Negative Impact and shall be allocated as follows: (a) first, to the initiating Person, (b) second, to the extent that any additional securities can, in the reasonable opinion of such managing
          underwriters, be sold without a Negative Impact, to the Stockholders who properly requested to include their Registrable Securities (based on the number of shares of Common Stock held at such time by such Stockholders that are Registrable
          Securities), and (c) third, to the extent that any additional securities can, in the opinion of such managing underwriters, be sold without a Negative Impact, to the Company.

       

      4.            Grace Periods.

       

      4.1            Notwithstanding anything to the
          contrary herein, the Company shall be entitled to postpone the filing or effectiveness of, or, at any time after a Registration Statement has been declared effective by the Commission, suspend the use of, a Registration Statement and any related
          prospectus if in the good faith judgment of the Company’s Board of Directors, such filing, effectiveness or use would reasonably be expected to materially affect in an adverse manner or materially interfere with any bona fide material financing
          of the Company or any material transaction under consideration by the Company or would require the disclosure of information that has not been, and is not otherwise required to be, disclosed to the public and the premature disclosure of which
          would materially affect the Company in an adverse manner (such period of a postponement or suspension, a “Grace Period”); provided, however, that in the event such Registration Statement relates to a Demand Underwritten Offering
          pursuant to Section 3.1, then the Company shall pay all registration expenses in connection with such registration.

       

      4.2            The Company shall (a) promptly
          notify the Stockholders in writing of the existence of the event or material non-public information giving rise to a Grace Period (provided that the Company
          shall not disclose the content of such material non-public information to any Stockholder, without the express consent of such Stockholder) and the date on which such Grace Period will begin, (b) use its reasonable best efforts to terminate a
          Grace Period as promptly as practicable and (c) promptly notify the Stockholders in writing of the date on which the Grace Period ends.

       

      
        

        5

        
          

        

      

      4.3            The duration of any one Grace
          Period shall not exceed 45 days, the aggregate of all Grace Periods during any 365-day period shall not exceed 90 days, and the maximum number of Grace Periods that may be declared by the Company in any fiscal year shall not exceed two. For
          purposes of determining the length of a Grace Period, the Grace Period shall be deemed to begin on and include the date the Stockholders receive the notice referred to in clause (a) of
              Section 4.2 and shall end on and include the later of the date the Stockholders receive the notice referred to in clause (c) of Section 4.2 and the date
          referred to in such notice.

       

      5.            Other Procedures.

       

      5.1            Before filing a Registration
          Statement or prospectus or any amendments or supplements thereto, the Company shall furnish to the Stockholders whose shares are covered by the Registration Statement copies of all such documents, other than documents that are incorporated by
          reference into such Registration Statement or prospectus, proposed to be filed and such other documents reasonably requested by such Stockholders (which may be furnished by email).

        

      

      5.2            The Company shall promptly
          notify each Stockholder whose Registrable Securities are covered by a Registration Statement after the Company receives notice thereof, of the time when such Registration Statement has been declared effective or a supplement to any prospectus
          forming a part of such Registration Statement has been filed.

       

      5.3            With respect to any offering of
          Registrable Securities pursuant to this Agreement, the Company shall furnish to each selling Stockholder and the managing underwriters, if any, without charge, such number of copies of the applicable Registration Statement, each amendment and
          supplement thereto, the prospectus included in such Registration Statement, all exhibits and other documents filed therewith and such other documents as such selling Stockholder or such managing underwriters may reasonably request.

       

      5.4            The Company shall (a) register
          or qualify all Registrable Securities covered by a Registration Statement under such other securities or blue sky laws of such states or other jurisdictions of the United States of America as the Stockholders covered by such Registration
          Statement shall reasonably request in writing, (b) keep such registration or qualification in effect for so long as such Registration Statement remains in effect and (c) take any other action that may be necessary or reasonably advisable to
          enable such Stockholders to consummate the disposition in such jurisdictions of the securities to be sold by such Stockholders, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign
          corporation in any jurisdiction wherein it would not but for the requirements of this Section 5.4 be obligated to be so qualified, to subject itself to taxation in such
          jurisdiction or to consent to general service of process in any such jurisdiction.

       

      5.5            The Company shall cause all
          Registrable Securities included in a Registration Statement to be registered with or approved by such governmental agencies or authorities as may be necessary to enable Stockholders thereof to consummate the disposition of such Registrable
          Securities in accordance with their intended method of distribution thereof.

       

      5.6            The Company shall (i) use its
          reasonable best efforts to list all Registrable Securities on each securities exchange on which other securities of the Company are then listed if such Registrable Securities are not already so listed and if such listing is then permitted under
          the rules of such exchange; (ii) use its reasonable best efforts to provide a transfer agent and registrar for such Registrable Securities covered by such registration statement not later than the effective date of such registration statement;
          and (iii) cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with
          FINRA.

       

      
        

        6

        
          

        

      

      5.7            The Company shall promptly
          notify each Stockholder whose Registrable Securities are included in such Registration Statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of
          any event as a result of which, the prospectus included in such Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the
          statements therein not misleading in the light of the circumstances under which they were made and for which the Company chooses to suspend the use of the Registration Statement and prospectus in accordance with the terms of this Agreement, and,
          at the written request of any such Stockholder, promptly prepare and furnish (at the Company’s expense) to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered
          to the purchasers of such securities, such prospectus, as supplemented or amended, shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein
          not misleading in the light of the circumstances under which they were made.

        

      

      5.8           The Company shall promptly notify
          each Stockholder whose Registrable Securities are included in such Registration Statement of any request by the Commission for the amending or supplementing of such Registration Statement or for additional information.

       

      5.9            The Company shall advise each
          Stockholder whose Registrable Securities are included in such Registration Statement after the Company receives notice or obtains knowledge of any order suspending the effectiveness of a Registration Statement at the earliest practicable moment
          and promptly use its reasonable best efforts to obtain the withdrawal.

       

      5.10          With respect to any Underwritten
          Offering pursuant to this Agreement, upon reasonable advance notice to the Company, the Company shall give the Stockholders and underwriters participating in the Underwritten Offering and Counsel to the Stockholders reasonable access during
          normal business hours to all financial and other records, corporate documents and properties of the Company as shall be necessary, in the reasonable opinion of Counsel to the Stockholders and such underwriters, to conduct a reasonable due
          diligence investigation for purposes of the Securities Act and Exchange Act. In addition, upon reasonable advance notice and during normal business hours, the Company shall provide the Stockholders and underwriters participating in the
          Underwritten Offering and Counsel to the Stockholders such reasonable opportunities to discuss the business of the Company with its officers, directors, employees and the independent public accountants who have certified its financial statements
          as shall be necessary, in the reasonable opinion of Counsel to the Stockholders and such underwriters, to conduct a reasonable due diligence investigation for purposes of the Securities Act and the Exchange Act.

       

      5.11          With respect to any Underwritten
          Offering pursuant to this Agreement, the Company shall use its reasonable best efforts to obtain and, if obtained, furnish to each underwriter thereof, (a) an opinion or opinions and “negative assurance” letters of outside counsel for the
          Company, dated the date of the closing under the underwriting agreement and addressed to the underwriters, reasonably satisfactory in form and substance to such underwriters and their counsel, and (b) a “comfort” letter, dated the date of the
          underwriting agreement and another dated the date of the closing under the underwriting agreement and addressed to the underwriters and signed by the independent public accountants who have certified the Company’s financial statements included or
          incorporated by reference in the applicable Registration Statement, reasonably satisfactory in form and substance to such underwriters.

       

      
        

        7

        
          

        

      

      5.12          The Company shall (a) enter into
          and perform such customary agreements (including an underwriting agreement in customary form) and take such other actions as the Stockholders beneficially owning a majority of the Registrable Securities included in a Registration Statement or the
          underwriters, if any, shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities, including customary indemnification, and (b) in connection with any Demand Underwritten Offering, provide reasonable
          cooperation, including causing at least one executive officer and a senior financial officer to attend and participate in “road shows” and other information meetings organized by the underwriters, if any, as reasonably requested; provided, however, that the Company shall have no obligation to
          participate in more than two “road shows” in any 12-month period and such participation shall not unreasonably interfere with the business operations of the Company.

       

      5.13          Each Stockholder agrees that it
          shall not be entitled to be named as a selling securityholder in a Registration Statement unless such Stockholder has timely returned to the Company a completed and signed Selling Stockholder Questionnaire and related documents and a response to
          any reasonable requests for further information.

       

      6.            Payment of Expenses. All fees and expenses incident to the Company’s performance of or compliance with its obligations under this Agreement (excluding any underwriting discounts, fees or selling commissions or broker
          or similar commissions or fees, or transfer taxes of any Stockholder) shall be borne by the Company whether or not any Registrable Securities are sold pursuant to a Registration Statement. In addition, the Company will pay the reasonable fees and
          disbursements of the Counsel to the Stockholders, including, for the avoidance of doubt, any expenses of Counsel to the Stockholders in connection with the filing or amendment of any Registration Statement, prospectus or free writing prospectus
          hereunder or any Underwritten Offering.

       

      7.            Indemnification and Contribution.

       

      7.1            Indemnification by the Company. The Company shall, notwithstanding any termination of this Agreement, indemnify, defend and hold harmless each Stockholder, the officers, directors, agents,
          partners, members, investment manager, managers, stockholders, Affiliates and employees of each of them, each Person who controls any such Stockholder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and
          the officers, directors, partners, members, investment manager, managers, stockholders, agents and employees of each such controlling Person, to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages,
          liabilities, costs (including reasonable costs of preparation and investigation and reasonable attorneys’ fees) and expenses (collectively, “Losses”), as incurred, to
          which any of them may become subject, that arise out of or are based upon (a) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement, any preliminary or final prospectus or any form of
          prospectus or in any amendment or supplement thereto or in any document incorporated by reference therein, or any issuer free writing prospectus (including any “road show,” whether or not require to be filed with the Commission) or (b) any
          omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein (in the case of any prospectus or form of prospectus or supplement thereto, in the light of the circumstances under
          which they were made) not misleading, except to the extent, but only to the extent, that (i) any untrue statements or omissions are based upon information regarding such Stockholder furnished in writing to the Company by such Stockholder
          expressly for use therein, or to the extent that such information relates to such Stockholder or such Stockholder’s proposed method of distribution of Registrable Securities and was provided by such Stockholder expressly for use in the
          Registration Statement, such prospectus or such form of prospectus or in any amendment or supplement thereto, or (ii) in the case of an occurrence of an event of the type specified in Section 5.6 or the Company exercises it rights set forth in Section 4, related to the use by a Stockholder of an outdated or defective
          prospectus after the Company has notified such Stockholder in writing that the prospectus is outdated or defective, but only if and to the extent that the misstatement or omission giving rise to such Loss would have been corrected. Such indemnity
          shall remain in full force and effect regardless of any investigation made by or on behalf of an Indemnified Party (as defined below), shall survive the transfer of the Registrable Securities by the Stockholders, and shall be in addition to any
          liability which the Company may otherwise have.

       

      
        

        8

        
          

        

      

      7.2            Indemnification by Stockholders. Each Stockholder shall, severally and not jointly, indemnify and hold harmless the Company, its directors, officers, agents and employees, each Person who controls
          the Company (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest extent permitted by applicable law, from and
          against all Losses, as incurred, to which any of them may become subject, that arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement, any preliminary or final
          prospectus, or any form of prospectus, or in any amendment or supplement thereto or any issuer free writing prospectus (including any “road show, or arising out of or relating to any omission or alleged omission of a material fact required to be
          stated therein or necessary to make the statements therein (in the case of any prospectus, or any form of prospectus or supplement thereto, in the light of the circumstances under which they were made) not misleading (a) to the extent, but only
          to the extent, that such untrue statements or omissions are based upon information regarding such Stockholder furnished in writing to the Company by such Stockholder expressly for use therein, (b) to the extent, but only to the extent, that such
          information relates to such Stockholder or such Stockholder’s proposed method of distribution of Registrable Securities and was provided by such Stockholder expressly for use in a Registration Statement, such prospectus or such form of prospectus
          or in any amendment or supplement thereto or (c) in the case of an occurrence of an event of the type specified in Section 5.6 or the Company exercises it rights set
          forth in Section 4, to the extent, but only to the extent, related to the use by such Stockholder of an outdated or defective prospectus after the Company has notified
          such Stockholder in writing that the prospectus is outdated or defective, but only if and to the extent the misstatement or omission giving rise to such Loss would have been corrected. In no event shall the liability of any Stockholder hereunder
          be greater in amount than the dollar amount of the net proceeds received by such Stockholder upon the sale of the Registrable Securities giving rise to such indemnification obligation. Such indemnity shall remain in full force and effect
          regardless of any investigation made by or on behalf of an Indemnified Party, shall survive the transfer of the Registrable Securities by the Stockholders, and shall be in addition to any liability which the Stockholder may otherwise have.

       

      7.3            Conduct of Indemnification Proceedings. If any Proceeding shall be brought or asserted against any Person entitled to indemnity hereunder (an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity is sought (the “Indemnifying Party”) in
          writing, and the Indemnifying Party shall have the right to assume the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all reasonable fees and expenses incurred in
          connection with defense thereof; provided, that the failure of any Indemnified Party to give such notice shall not relieve the Indemnifying Party of its
          obligations or liabilities pursuant to this Agreement, except (and only) to the extent that such failure shall have materially and adversely prejudiced the Indemnifying Party.

       

      An Indemnified Party shall have the right to employ separate counsel in any such Proceeding and to participate in the defense
        thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless (a) the Indemnifying Party has agreed in writing to pay such fees and expenses; (b) the Indemnifying Party shall have failed
        promptly to assume the defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding; or (c) the named parties to any such Proceeding (including any impleaded parties) include both such
        Indemnified Party and the Indemnifying Party, and such Indemnified Party shall have been advised by counsel that in the reasonable judgment of such counsel a conflict of interest exists if the same counsel were to represent such Indemnified Party
        and the Indemnifying Party; provided, that the Indemnifying Party shall not be liable for the reasonable and documented fees and expenses of more than one
        separate firm of attorneys at any time for all Indemnified Parties. The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected without its written consent, which consent shall not be unreasonably withheld, delayed
        or conditioned. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes an
        unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding.

       

      
        

        9

        
          

        

      

      Subject to the terms of this Agreement, all reasonable and documented fees and expenses of the Indemnified Party (including
        reasonable and documented fees and expenses to the extent incurred in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with this Section
            7.3) shall be paid to the Indemnified Party, as incurred, with reasonable promptness after receipt of written notice thereof to the Indemnifying Party; provided, that the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses applicable to such actions for which such Indemnified Party is finally judicially determined to not be
        entitled to indemnification hereunder. The failure to deliver written notice to the Indemnifying Party within a reasonable time of the commencement of any such action shall not relieve such Indemnifying Party of any liability to the Indemnified
        Party under this Section 7, except to the extent that the Indemnifying Party is materially and adversely prejudiced in its ability to defend such action.

        

      

      7.4            Contribution. If a claim for indemnification under Section 7.1 or 7.2 is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount
          paid or payable by such Indemnified Party as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that
          resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including
          any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’
          relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission.

       

      7.5            The parties hereto agree that it
          would not be just and equitable if contribution pursuant to this Section 7.5 were determined by pro rata allocation or by any other method of allocation that does not
          take into account the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of this Section 7.5, no Stockholder
          shall be required to contribute, in the aggregate, any amount in excess of the amount by which the net proceeds actually received by such Stockholder from the sale of the Registrable Securities subject to the Proceeding exceeds the amount of any
          damages that such Stockholder has otherwise been required to pay by reason of such untrue statement or omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to
          contribution from any Person who was not guilty of such fraudulent misrepresentation.

       

      8.            Transfer of Registration Rights.

       

      8.1            Any Stockholder may freely
          assign its rights hereunder in connection with any sale, transfer, assignment or other conveyance (any of the foregoing, a “Transfer”) of Registrable Securities to any
          transferee or assignee; provided that all of the following additional conditions are satisfied: (a) such Transfer is effected in accordance with applicable
          securities laws and the Company’s certificate of incorporation and bylaws then in effect; (b) such transferee agrees in writing to become subject to the terms of this Agreement by executing a joinder agreement substantially in the form set forth
          in Exhibit A hereto; and (c) the Company is given written notice by such Stockholder of such Transfer, stating the name and address of the transferee and identifying
          the Registrable Securities with respect to which such rights are being Transferred and provide the amount of any other capital stock of the Company beneficially owned by such transferee; and provided further that (i) any rights assigned hereunder shall apply only in respect of Registrable Securities that are Transferred and not in respect of any other securities that the transferee or assignee
          may hold and (ii) any Registrable Securities that are Transferred may cease to constitute Registrable Securities following such Transfer in accordance with the terms of this Agreement.

       

      
        

        10

        
          

        

      

      8.2            If the Common Stock shall be
          exchanged for or replaced by securities of another Person, the Company shall use commercially reasonable efforts to cause such Person to expressly assume all of the Company’s obligations hereunder, to the extent applicable.

       

      9.            Amendment and Waiver; Exercise of Rights and Remedies.

       

      9.1            This Agreement may be amended or
          modified, and the provisions hereof may be waived, only by an agreement in writing signed by the Company and Stockholders representing more than 50% of the then outstanding Registrable Securities; provided, however, that any such amendment, modification or waiver that would adversely affect the
          obligations or rights of any Stockholder in a manner that is facially disproportionate relative to other Stockholders (other than solely based on the number of shares owned) will require the written consent of the Stockholder so
          disproportionately affected; provided, further, however, that, notwithstanding the foregoing, for the first three years following the date hereof, this Agreement may be amended or modified in any material
          manner, and the provisions hereof may be waived in any material manner, only by an agreement in writing signed by the Company and Stockholders representing more than 80% of the outstanding Registrable Securities. Each amendment, modification and
          waiver effected in compliance with this Section 9.1 will be binding upon each party hereto. The Company will provide notice as soon as reasonably practicable to each
          Stockholder of any amendment, modification or waiver effected in compliance with this Section 9.1. In addition, each party hereto may waive any of its rights hereunder
          by an instrument in writing signed by such party.

       

      9.2            No delay of or omission in the
          exercise of any right, power or remedy accruing to any party as a result of any breach or default by any other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed as a waiver of or acquiescence in
          any such breach or default, or of any similar breach or default occurring later; nor shall any such delay, omission nor waiver of any single breach or default be deemed a waiver of any other breach or default occurring before or after that
          waiver.

       

      10.          Rule 144. In connection with a sale of Registrable Securities by a Stockholder in reliance on Rule 144, such Stockholder or its broker shall deliver to the transfer agent and the Company a broker representation letter
          providing to the transfer agent and the Company any information the Company deems necessary to determine that the sale of the Registrable Securities is made in compliance with Rule 144. Upon receipt of such representation letter, the Company
          shall promptly direct its transfer agent to remove the notation of a restrictive legend in the Stockholder’s certificate or the book entry account maintained by the transfer agent, and the Company shall bear all costs associated therewith. At
          such time as the Registrable Securities have been sold pursuant to an effective registration statement under the Securities Act, if the book entry account or certificate for such Registrable Securities still bears any notation of restrictive
          legend, the Company agrees, upon request of the Stockholder or permitted assignee, to take all steps necessary to promptly effect the removal of any restrictive legend from the Registrable Securities, and the Company shall bear all costs
          associated therewith, regardless of whether the request is made in connection with a sale or otherwise, so long as the Stockholder or its permitted assigns provide to the Company any information the Company deems reasonably necessary to determine
          that the legend is no longer required under the Securities Act or applicable state laws.   The Company will use its reasonable best efforts to file in a timely manner all reports and other documents required to be filed by it under the Securities
          Act and the Exchange Act and the rules and regulations adopted by the Commission thereunder and make available information necessary, to the extent required from time to time, to enable such Stockholder to sell Registrable Securities without
          registration under the Securities Act pursuant to Rule 144.

       

      11.          Notices. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given when (a) delivered personally (in which case, it will be deemed
          received upon delivery), (b) sent by electronic mail (in which case, it will be deemed received when sent if sent during normal business hours of the recipient and on the next Business Day if sent after normal business hours of the recipient),
          (c) sent by overnight courier service (in which case, it will be deemed received on the Business Day immediately following the date deposited with such courier service), or (d) mailed by certified or registered mail, return receipt requested,
          with postage prepaid (in which case, it will be deemed received upon receipt of confirmation of receipt of delivery), to the parties at the addresses listed below (or at such other address for a party as shall be specified by like notice).

       

      
        

        11

        
          

        

      

      If to the Company:

       

      Bristow Group Inc.

      3151 Briarpark Drive, Suite 700

      Houston, Texas 77042

      Attention: Crystal Gordon

       

      If to any Stockholder, to the address set forth for such Stockholder on the signature page hereto or to the joinder agreement in the form set forth in
        Exhibit A hereto.

       

      12.          Entire Agreement; Binding Effect. This Agreement constitutes the entire agreement of the parties with respect to its subject matter, supersedes all prior or contemporaneous oral or written agreements or discussions with
          respect to such subject matter, and shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, representatives, successors and permitted assigns.

       

      13.          Term. The provisions of this Agreement shall terminate with respect to any Stockholder and be of no further force or effect when such Stockholder ceases to hold any Registrable Securities; provided, that the provisions of Section 7 shall survive for any sales of Registrable Securities on or
          prior to such date.

       

      14.          Other Registration Rights. The Company represents and warrants that it has not granted, and is not subject to, any registration rights that are superior to, or that in any way subordinate, the rights granted to the
          Stockholders hereby. Without the prior written consent of the Stockholders holding at least a majority of the then outstanding Registrable Securities, the Company shall not, prior to the termination of this Agreement, grant any registration
          rights that are superior to, or in any way subordinate, the rights granted to the Stockholders hereby, including any registration or other right that is directly or indirectly intended to violate or subordinate the rights granted to the
          Stockholders hereby.

       

      15.          Third Party Beneficiaries. Nothing expressed or referred to in this Agreement will be construed to give any Person other than the parties to this Agreement any legal or equitable right, remedy or claim under or with
          respect to this Agreement or any provision of this Agreement, except as provided in Section 7.

       

      16.          Further Action. The parties agree to execute and deliver all documents, provide all information and take or refrain from taking such actions as may be necessary or appropriate to achieve the purposes of this Agreement.

       

      17.          Counterparts; Electronic Delivery. This Agreement may be executed in one or more counterparts, all of which taken together shall constitute one and the same instrument. This Agreement and any signed agreement or
          instrument entered into in connection with this Agreement, and any amendments hereto or thereto, to the extent delivered by means of electronic mail in “.pdf”, “.tif” or similar format (any such delivery, an “Electronic Delivery”), shall be treated in all manners and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original
          signed version thereof delivered in person. Minor variations in the form of the signature page to this Agreement, including footers from earlier versions of this Agreement, will be disregarded in determining the effectiveness of such signature.
          No party hereto or to any such agreement or instrument shall raise (a) the use of Electronic Delivery to deliver a signature or (b) the fact that any signature or agreement or instrument was transmitted or communicated through the use of
          Electronic Delivery, as a defense to the formation of a contract, and each such party forever waives any such defense, except to the extent such defense related to lack of authenticity.

       

      
        

        12

        
          

        

      

      18.          Severability. Whenever permitted by applicable law, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to
          be invalid, illegal or unenforceable in any respect under any applicable law in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or the effectiveness or validity of any provision in any other
          jurisdiction, and this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein or if such term or provision could be drawn more narrowly so as
          not to be illegal, invalid, prohibited or unenforceable in such jurisdiction, it shall be so narrowly drawn, as to such jurisdiction, without invalidating the remaining terms and provisions of this Agreement or affecting the legality, validity or
          enforceability of such term or provision in any other jurisdiction.

       

      19.          Governing Law. This Agreement shall be governed by and construed in accordance with the domestic substantive laws of the State of Delaware without giving effect to any choice or conflict of laws provision or rule that
          would cause the application of the domestic substantive laws of any other jurisdiction.

       

      20.          Consent to Jurisdiction. Any dispute relating hereto shall be brought in the Court of Chancery of the State of Delaware, or to the extent such court does not have subject matter jurisdiction, the United States District
          Court for the District of Delaware, or to the extent such court also does not have subject matter jurisdiction, another court of the State of Delaware, County of New Castle (each a “Chosen
              Court” and collectively, the “Chosen Courts”), so long as one of such courts shall have subject matter jurisdiction over such dispute, and the parties
          hereto agree to the exclusive jurisdiction and venue of the Chosen Courts. The parties hereto further agree that any Proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement (the
          “Applicable Matters”) shall be brought exclusively in a Chosen Court, and that any Proceeding arising out of this Agreement or any other Applicable Matter shall be
          deemed to have arisen from a transaction of business in the State of Delaware, and each of the parties hereto hereby irrevocably consents to the jurisdiction of such Chosen Courts in any such Proceeding and irrevocably and unconditionally waives,
          to the fullest extent permitted by law, any objection that such Person may now or hereafter have to the laying of the venue of any such suit, action or Proceeding in any such Chosen Court or that any such Proceeding brought in any such Chosen
          Court has been brought in an inconvenient forum. Such Persons further covenant not to bring a Proceeding with respect to the Applicable Matters (or that could affect any Applicable Matter) other than in such Chosen Court and not to challenge or
          enforce in another jurisdiction a judgment of such Chosen Court. Each party hereto hereby consents to service of process in any such Proceeding in any manner permitted by Delaware law, and agrees that service of process on such party as provided
          for notices in Section 11 is reasonably calculated to give actual notice and shall be deemed effective service of process on such Person.

       

      21.          WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, EACH PARTY HERETO HEREBY WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO
          TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE OR ACTION, CLAIM, CAUSE OF ACTION OR SUIT (IN CONTRACT, TORT OR OTHERWISE), INQUIRY, PROCEEDING OR INVESTIGATION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY
          WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 21 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR
          A COPY OF THIS SECTION 21 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY.

       

      22.          Certain Matters of Construction.

       

      22.1          The parties hereto have
          participated jointly in the negotiation and drafting of this Agreement. This Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue
          of the authorship of any of the provisions of this Agreement.

       

      
        

        13

        
          

        

      

      22.2          The descriptive headings of this
          Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement.

       

      22.3          The words “hereof,” “herein,”
          “hereunder” and words of similar import shall refer to this Agreement as a whole and not to any particular Section or provision of this Agreement. Section, clause, schedule and exhibit references contained in this Agreement are references to
          sections, clauses, schedules and exhibits in or to this Agreement, unless otherwise specified, and reference to a particular Section of this Agreement shall include all subsections thereof.

       

      22.4          Whenever required or permitted by
          the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa.

       

      22.5          The use of the words “include,”
          “includes” or “including” in this Agreement shall be by way of example rather than by limitation and shall be deemed to be followed by the words “without limitation.” The use of the words “or,” “either” and “any” shall not be exclusive.

       

      22.6          Whenever in this Agreement a
          party hereto is permitted or required to take any action or to make a decision or determination, such Person shall be entitled to take (or omit to take) such action or make such decision or determination in such Person’s sole discretion, unless
          another standard is expressly set forth herein. Whenever in this Agreement a Person is permitted or required to take by any valid means any action or to make a decision or determination in its “sole discretion” or “discretion,” with “complete
          discretion” or under a grant of similar authority or latitude, such Person shall be entitled to consider solely its own interests (and not the interests of any other Person) or, at its election, any such other interests and factors as such Person
          desires (including the interests of such Stockholder’s Affiliates, employers, partners and their respective Affiliates), or any combination thereof.

       

      22.7          The word “will” will be construed
          to have the same meaning and effect as the word “shall”. The words “shall,” “will,” or “agree(s)” are mandatory, and “may” is permissive.

       

      22.8          The word “extent” in the phrase
          “to the extent” means the degree to which a subject or other thing extends, and such phrase will not mean simply “if”.

       

      22.9          All references to a day or days
          will be deemed to refer to a calendar day or calendar days, as applicable, unless otherwise specifically provided.

       

      23.          Certain Definitions. For all purposes of and under this Agreement, the following terms shall have the following respective meanings:

       

      23.1          “Affiliate” means any Person who, directly or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the Person specified. For purposes of
          this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and
          the terms “controlled” and “under common control with” shall have correlative meanings.

       

      23.2          “Automatic Shelf Registration Statement” means an “automatic shelf registration statement” as defined in Rule 405 promulgated under the Securities Act, as such definition may be amended from time to
          time.

       

      
        

        14

        
          

        

      

      23.3          “beneficially own” shall have the meaning given to such term in Rule 13d-3 under the Exchange Act, and any Person’s beneficial ownership of securities shall be calculated in accordance with the
          provisions of such Rule as in effect as of such time.

       

      23.4          “Business Day” means any day, other than a Saturday or Sunday or a day on which commercial banks in New York City are authorized or required by law to be closed.

       

      23.5          “Common Stock” means the shares of common stock, par value $0.01 per share of the Company, and any other capital stock of the Company into which such common stock is reclassified or reconstituted,
          including by way of a stock dividend or stock split.

       

      23.6          “Common Stock Equivalents” means, without duplication, Common Stock and any rights, warrants, options, convertible securities, exchangeable securities and other securities convertible or
          exchangeable into Common Stock, whether at the time of issuance or upon the passage of time or the occurrence of some future event.

       

      23.7          “Counsel to the Stockholders” means (a) with respect to a Shelf Registration Statement pursuant to Section 1, the
          counsel from no more than one firm of attorneys selected by the beneficial owners of a majority of the then outstanding Registrable Securities, (b) with respect to a Demand Underwritten Offering, the counsel from no more than one firm of
          attorneys selected by the Requesting Stockholders, and (c) with respect to a Piggyback Offering, the counsel of no more than one firm of attorneys selected by the Stockholders that hold a majority of the Registrable Securities requested to be
          included therein.

       

      23.8          “Exchange Act” means the Securities Exchange Act of 1934, as in effect from time to time.

       

      23.9          “Form S-1” means form S-1 under the Securities Act or any other form hereafter adopted by the Commission for the general registration of securities under the Securities Act.

       

      23.10       “Form S-3” means form S-3 under the Securities Act, including a form S-3 filed as an Automatic Shelf Registration Statement, or any other form hereafter adopted by the Commission having
          substantially the same usage.

       

      23.11        “Person” means any individual, corporation, general or limited partnership, limited liability company, joint venture, trust, association or any other entity.

       

      23.12        “Proceeding” means any suit, countersuit, action, cause of action (whether at law or in equity), arbitration, audit, hearing, litigation, claim, counterclaim, complaint, defenses, administrative or
          similar proceeding (whether civil, criminal, administrative, judicial or investigative, whether formal or informal, whether public or private) commenced, brought, conducted or heard by or before, or otherwise involving, any governmental entity.

       

      23.13        “Registrable Securities” means (a) all shares of Common Stock beneficially owned by the Stockholders, (b) all shares of Common Stock issuable upon exercise, exchange or conversion of any Common
          Stock Equivalents beneficially owned by the Stockholders and (c) any shares of Common Stock issuable in respect of any shares of Common Stock or Common Stock Equivalents described in subsection (a) or (b), respectively, by way of any conversion,
          dividend, stock-split, distribution or exchange, merger, consolidation, exchange, recapitalization or classification or similar transactions, in each case that are held by the Stockholders and their Affiliates or any transferee or assignee of any
          Stockholder or its Affiliates whether now held or hereafter acquired. As to any particular Registrable Securities, such shares shall cease to be Registrable Securities when (i) a Registration Statement has become effective under the Securities
          Act and such shares have been disposed of in accordance with such Registration Statement; (ii) such shares have been Transferred pursuant to Rule 144; (iii) such securities are held by a Stockholder who, together with its Affiliates and Related
          Funds, holds less than 5% of the outstanding shares of Common Stock, including Common Stock Equivalents on an as-converted basis, and in the hands of such Stockholder, all such securities may be sold pursuant to Rule 144 without restriction
          (including any limitation thereunder on volume or manner of sale); or (iv) such shares shall have ceased to be outstanding; provided, however, that in the case of clause (iii), if any Stockholder ceases to hold at least 5% of the outstanding shares of Common Stock, including Common Stock
          Equivalents on an as-converted basis, solely as a result of any sale of such Stockholder’s Common Stock in a Piggyback Offering or Demand Underwritten Offering in which, in each case, all of such Stockholder’s Registrable Securities were
          requested to be included but such amount was reduced pursuant to Sections 3.5, 3.6 or 3.7 hereof, the securities held by such Stockholder will remain Registrable Securities within the meaning of this Section 23.13.

       

      
        

        15

        
          

        

      

      23.14        “Registration Statement” means any a registration statement of the Company filed under the Securities Act that covers the resale of any of the Registrable Securities pursuant to the provisions of
          this Agreement.

       

      23.15        “Related Fund” means, with respect to any Stockholder that is an investment fund, any other investment fund that is managed, advised or sub-advised by the same investment advisor as such Stockholder
          or by an Affiliate of such investment advisor.

       

      23.16        “Rule 144” means Rule 144 under the Securities Act (or any successor rule).

       

      23.17        “Securities Act” means the Securities Act of 1933, as amended, as in effect from time to time.

       

      23.18        “Shelf Registration Statement” means a registration statement filed with the Commission for an offering on a delayed or continuous basis pursuant to Rule 415 under the Securities Act (or any
          successor rule).

       

      23.19        “Stockholders” means the parties signatory hereto and any additional parties identified on the signature pages of any joinder agreement executed and delivered pursuant to this Agreement; provided, however, that a Person shall cease to be a Stockholder at
          such time as it ceases to hold any Registrable Securities.

       

      23.20        “Underwritten Offering” means an offering of shares of Common Stock under a registration statement in which the shares are sold to an underwriter for reoffering to the public.

       

      [Signatures appear on the following pages.]

       

      
        

        16

        
          

        

      

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

       

      	 	
              COMPANY:

            
	 	 
	 	
              BRISTOW GROUP INC.

            
	 	 
	 	
              By:

            	
              /s/ Crystal Gordan

            	 
	 	
              Name:

            	
              Crystal Gordan

            
	 	
              Title:

            	
              SVP, General Counsel

            
	 	 	 
	 	
              STOCKHOLDERS:

            
	 	 
	 	
              SOLUS ALTERNATIVE ASSET MANAGEMENT LP

            
	 	 	 
	 	
              By:

            	
              /s/ Christopher Pucillo

            	 
	 	
              Name:

            	
              Christopher Pucillo

            
	 	
              Title:

            	
              Chief Executive Officer and Chief Investment Officer

            
	 	 	 
	 	
              Address:

            	
              410 Park Avenue

            
	 	 	
              New York, NY 10022

            
	 	
              Attention:

            	
              Christopher Pucillo

            
	 	
              Email:

            	
              puc@soluslp.com

            
	 	 	 
	 	
              SOUTH DAKOTA RETIREMENT SYSTEM

            
	 	 	 
	 	
              By:

            	
              /s/ Matthew L. Clark

            	 
	 	
              Name:

            	
              Matthew L. Clark

            
	 	
              Title:

            	
              State Investment Officer

            
	 	 	 
	 	
              Address:

            	
              South Dakota Investment Council

            
	 	 	
              4009 W 49th St., Suite 300

            
	 	 	
              Sioux Falls, SD 57106

            
	 	
              Attention:

            	
              Anne Cipperley

            
	 	
              Email:

            	
              anne.cipperley@state.sd.us

            

      

      

      [Signature Page to Registration Rights Agreement]

      

      

      
        

        
          

        

      

      Exhibit A

       

      JOINDER AGREEMENT

       

      This Joinder Agreement (this “Joinder Agreement”) is made as of the date
        written below by the undersigned (the “Joining Party”) in accordance with the Registration Rights Agreement, dated as of June [•], 2020, and as amended from time to time
        (the “Registration Rights Agreement”), among Bristow Group Inc. (the “Company”) and the other
        parties thereto. Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Registration Rights Agreement.

       

      The Joining Party hereby acknowledges, agrees and confirms that, by its execution of this Joinder Agreement, the Joining Party shall be deemed to be a
        party to, and a “Stockholder” under, the Registration Rights Agreement as of the date hereof as if he, she or it had executed the Registration Rights Agreement. The
        Joining Party hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Registration Rights Agreement.

       

      This Joinder Agreement shall be governed by and construed in accordance with the domestic substantive laws of the State of Delaware without giving
        effect to any choice or conflict of laws provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction.

       

      IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of the date written below.

       

      Date: [_________ ___, ______]

       

      	 	
              JOINING PARTY

            
	 	 
	 	
              By:

            	 	 
	 	
              Name:

            
	 	
              Title:

            
	 	
              Address:

            
	 	
              Email Address:

            

      

      

      	
              AGREED AND ACCEPTED:

            	 
	 	 
	
              BRISTOW GROUP INC.

            	 
	 	 
	
              By:

            	 	 	 
	
              Name:

            	 	 
	
              Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00310-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00310-of-00352.parquet"}]]