Document:

EX-10.1

 Exhibit 10.1 

FORM OF AMENDED & RESTATED EMPLOYMENT AGREEMENT 

THIS AMENDED & RESTATED EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of the 1st day of November 2013, by
and between MAGELLAN PETROLEUM CORPORATION, a Delaware corporation (“Magellan” or the “Company”) and J. Thomas Wilson, an individual residing at 55 W. 12th Ave., Unit 409,
Denver 80204 (the “Executive”). Each of the Company and the Executive are individually referred to herein as a “Party” and collectively as the “Parties.” 

W I T N E S S E T H 

WHEREAS, the Company appointed the Executive as the President and Chief Executive Officer of the Company effective as of September 27,
2011 (the “Effective Date”); 
 WHEREAS, the Parties entered into an Employment Agreement dated November 2, 2011 setting
forth the terms and conditions of the Executive’s employment ( the “Original Agreement”); 
 WHEREAS, the Parties entered
into a restricted stock grant agreement and a stock option award agreement on November 7, 2011 (together, the “Equity Incentive Agreements”) and an indemnification agreement dated as of the date hereof and effective as of the
Effective Date (the “Indemnification Agreement”). 
 WHEREAS, effective November 6, 2012, the term of the Employment
Agreement was extended for one additional year to September 27, 2014; and 
 WHEREAS the parties wish to amend the Employment Agreement
as provided herein. 
 NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, agree as follows: 
 1.
Employment. 
 1.1 Employment. The Company hereby agrees to employ the Executive as of the Effective Date, and the Executive
hereby accepts employment with the Company in the positions described below in Section 2.1, in accordance with the terms and provisions of this Agreement. 

1.2 Term. The term of this Agreement (the “Initial Term”) shall be the period commencing on the Effective Date and ending on
the earlier of: (a) December 31, 2015; or (b) the date of termination of the Executive’s employment pursuant to Sections 6, 7 or 8 below, whichever is applicable. However, if not terminated earlier than December 31, 2015 in
accordance with the provisions of Sections 6, 7 or 8 below, this Agreement may be renewed for additional one year terms (each, a “Renewal Term”) if the Parties mutually agree to do so and they can agree on the terms and conditions of the
renewal contract, which may take the form of an Addendum to this Agreement. If, at the conclusion of the Initial Term or any Renewal Term, as the case may be, either Party determines that they do not wish to renew this Agreement for an additional
one year term, that Party must provide the other with written notice six months prior 

  
 1 

 
to the expiration of the Initial Term or Renewal, as the case may be, upon conclusion of which the Agreement will terminate. Upon termination of this Agreement for any reason (including a
Party’s written notice electing not to renew the Agreement delivered to the other Party under this Section 1.2), the obligations of the Company under this Agreement shall cease and Executive shall forfeit all right to receive any
compensation or other benefits under this Agreement, except the amounts payable under Sections 6, 7, 8 and 12 of this Agreement, as applicable. 
 2.
Duties. 
 2.1 Offices. Beginning on the Effective Date, the Executive has assumed the duties of President and Chief Executive
Officer of the Company. It is the intention of the Parties that during the Initial Term and any subsequent Renewal Term hereof the Executive will serve in the capacities described in this Section 2.1 and Section 2.3 and will devote
substantially all of his business time and attention and best efforts to the affairs of the Company and its subsidiaries and the performance of his duties. Nothing in this Agreement, however, shall prevent the Executive from (i) participating
in charitable, civic, educational, professional, community or industry affairs or, with prior written approval of the Board of Directors (“Board”), serving on the board of directors or advisory boards of other companies; and
(ii) managing the Executive’s and the Executive’s family’s personal investments so long as such activities do not materially interfere with the performance of the Executive’s duties hereunder or create a potential business
conflict or the appearance thereof. 
 2.2 Office Locations. The Executive shall be based at the Denver, Colorado, but shall be
permitted to provide his services from additional locations including but not limited to Bremen, Maine and Phoenix, Arizona, and shall provide his services at such other locations as shall be reasonably necessary for the discharge of his duties
under this Agreement. 
 2.3 Board Service. The Executive currently serves as a Class II Director of the Company. The Board will
nominate and support the Executive’s re-election as a Director at the upcoming 2011 Annual Meeting of Shareholders. The Executive agrees to accept such nomination and to serve as a Director, if elected. In addition, during the period of his
employment as President and Chief Executive Officer the Board will recommend that the Executive be elected as a Director of the Company’s wholly-owned subsidiary, Magellan Petroleum Australia Limited (“MPAL”), and the Executive agrees
to accept such nomination and to serve as a Director of MPAL. 
 3. Compensation and Benefits. 

3.1 Salary; Bonus. 
 (a)
Salary. As of the Effective Date, the Company shall pay the Executive an annual base salary of Two Hundred and Sixty thousand ($260,000.00).Beginning January 1, 2013 and effective each January 1st thereafter, the Executive shall be eligible for an annual cost of living increase based on a formula that shall be adopted for all employees of the Company. 

(b) Bonus. Provided that Executive is employed on each of the following bonus dates, the Executive shall be paid a performance and
retention bonus of $90,000.00 on January 15, 2014 and a performance and retention bonus of $90,000.00 on January 15, 2015. 

  
 2 

 3.2 Equity Incentives. Pursuant to the Original Agreement, the Executive received
(i) a stock option award comprised of options to acquire 250,000 shares of the Company’s common stock, par value $0.01 (“Common Stock”), exercisable at the closing trading market price of the Common Stock on the Grant Date
(defined below); and (ii) a grant of 100,000 restricted shares of Common Stock (together, the “Equity Incentives”). Consistent with the Company’s compensation policy, the Equity Incentives were granted to the Executive on
November 7, 2011 (the “Grant Date”). Subject to the provisions set forth in Sections 6, 7 and 8 below, one-half of the Equity Incentives vested on September 27, 2012, and the remaining one-half of the Equity Incentives vested on
September 27, 2013. 
 3.3 Benefit Programs. The Executive shall be entitled to participate on substantially the same terms as
other members of senior management of the Company in all employee benefit plans and programs of the Company (other than any severance plan, program or policy), as such plans and programs are made available by the Company, subject to any restrictions
or eligibility requirements under such plans and programs, from time to time in effect for the benefit of senior management of the Company, including, but not limited to, retirement plans, profit sharing plans, group life insurance, hospitalization
and surgical and major medical and dental coverages, short-term and long-term disability. 
 3.4 Vacations and Holidays. During the
Term of this Agreement, the Executive shall be entitled to vacation of four weeks per year at full pay or such greater vacation benefits as may be provided for by the Company’s vacation policies applicable to senior management. The Executive
shall also be entitled to such holidays as are established by the Company for all employees. 
 4. Business and Advisory Expenses. The Executive
shall be entitled to prompt reimbursement for all reasonable, documented and necessary expenses incurred by the Executive in performing his services hereunder in accordance with the policies of the Company, including business class accommodations
when traveling on international business trips, or to the extent necessary in the Executive’s reasonable judgment, on domestic business trips, for the Company. The Executive shall also be entitled to prompt reimbursement for his reasonable
legal expenses incurred in connection with the Executive’s negotiation and execution of this Agreement, the Equity Incentive Agreements, and the Indemnification Agreement. The Executive shall properly account for all such business and advisory
expenses described in this Section 4 in accordance with the policies and procedures established by the Company. 
 5. Separation from Service.
No termination of employment shall be deemed to have occurred under this Agreement unless there has been a “Separation from Service” as defined under Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), and the term “termination of employment” and the like in this Agreement shall be construed to mean “Separation from Service” as so defined. 

6. Termination of Employment by the Company. 

6.1 Termination by the Company Other Than For Non-Renewal, Disability or Cause. 

  
 3 

 (a) The Company may terminate the Executive’s employment at any time and for any reason,
other than (i) pursuant to a written notice by the Company of its intention to permit the Agreement to terminate at the end of the Initial Term or a Renewal Term in accordance with Section 1.2; (ii) by reason of the Executive’s
Disability (as defined in Section 6.2); or (iii) for Cause (as defined in Section 6.3), by giving the Executive a written notice of termination at least 30 days before the date of termination (or such lesser notice period as the
Executive may agree to). 
 (b) In the event of any termination of employment by the Company described in Section 6.1(a) above, the
Executive shall be entitled to receive the following benefits: 
 (i) Salary: His base salary pursuant to
Section 3.1(a) through the date of such termination of employment, plus his base salary for the period of any vacation time earned but not taken for the year of termination of employment (the “Salary Benefit”); 

(ii) Other Benefits: Any other compensation and benefits to the extent actually earned by the Executive under any other
benefit plan or program of the Company as of the date of such termination of employment, with such compensation and benefits to be paid at the normal time for payment of such compensation and benefits to the extent not previously paid (the
“Other Benefits”); 
 (iii) Reimbursements: Any reimbursement amounts for reasonable business expenses
approved by the Company and owing under this Agreement (the “Reimbursement Benefit”); 
 (iv) Severance: A
severance amount equal to the amount of base salary that the Executive would have received if he remained employed for the balance of the Initial Term or any Renewal Term negotiated pursuant to Section 1.2, as the case may be, based upon his
then-current base salary without further increase (the “Severance Benefit”). The amount of the Severance Benefit as so determined by this Section 6.1(b)(iv) shall be paid during the remainder of the Initial or Renewal Term, as
applicable, in equal monthly installments commencing in the first month following the Executive’s Separation from Service. 

(v) Medical Coverage: If the Executive elects to continue insurance coverage under the Company’s health insurance
plans pursuant to COBRA, then for the period beginning on the date of the Executive’s termination of employment and ending on the earlier of (i) the date which is 18 months after the date of such termination of employment or (ii) the
date the Executive becomes eligible for health insurance benefits under the group health plan of another employer, the Company shall pay, or reimburse the Executive an amount equal to, the same dollar amount of the Executive’s premium for COBRA
coverage for the Executive and, if applicable, his spouse and dependent children, as the Company paid prior to the Executive’s termination for group health coverage under the Company’s health insurance plans for actively employed members
of management generally. The Executive shall notify the Company promptly if he, while eligible for benefits under this section , becomes eligible to receive health insurance benefits from another employer (the “Medical Benefit”); and

 (vi) Equity Incentives. The Equity Incentives shall fully vest (the “Vesting Benefit”). 

  
 4 

 (c) Notwithstanding anything else in this Agreement to the contrary, if either Party gives
written notice under Section 1.2 hereof of such Party’s intention to permit the Agreement to terminate at the end of the Initial Term or a Renewal Term, as the case may be, then the Executive shall not be entitled to the Severance Benefit
or the Medical Benefit following such termination. 
 6.2 Termination by the Company Due to Disability. 

(a) If the Executive incurs a Disability, as defined in Section 6.2(b) below, the Company may terminate the Executive’s employment
by giving the Executive written notice of termination at least 30 days before the date of such termination (or such lesser notice period as the Executive may agree to). In the event of such termination of the Executive’s employment because of
Disability, the Executive shall be entitled to receive the following benefits: 
  

	 	(i)	The Salary Benefit; 

  

	 	(ii)	The Other Benefits; 

  

	 	(iii)	The Reimbursement Benefit; and 

  

	 	(iv)	The Vesting Benefit. 

 (b) For purposes of this Agreement, the Executive shall be considered to
have incurred a “Disability” if and only if the Executive shall be unable to perform the duties of his employment with the Company for an aggregate period of more than 90 days in a consecutive period of 52 weeks as a result of incapacity
due to mental or physical illness or impairment (other than as a result of addiction to alcohol or any drug) as determined by a physician selected by the Company or its insurers and acceptable to the Executive or his legal representative. 

6.3 Termination by the Company for Cause. 

(a) The Company may terminate the Executive’s employment immediately for “Cause” for any of the following reasons: (i) an
act or acts of dishonesty or fraud by the Executive relating to the performance of his services to the Company; (ii) a breach by the Executive of his duties or responsibilities under this Agreement resulting in significant demonstrable injury
to the Company or any of its subsidiaries; (iii) the Executive’s conviction of a felony or any crime involving moral turpitude; (iv) the Executive’s material failure (for reasons other than death or Disability) to perform his
duties under this Agreement or insubordination (defined as refusal to execute or carry out lawful directions from the Board or its duly appointed designees) where the Executive has been given written notice of the acts or omissions constituting such
failure or insubordination and the Executive has failed to cure such conduct, where susceptible to cure, within 30 days following such notice; or (v) a breach by the Executive of any provision of any material policy of the Company or any of his
obligations under Section 13 of this Agreement. 

  
 5 

 (b) The Company shall exercise its right to terminate the Executive’s employment for Cause
by giving the Executive written notice of termination specifying in reasonable detail the circumstances constituting such Cause. In the event of such termination of the Executive’s employment for Cause, the Executive shall be entitled to
receive the following benefits: 
  

	 	(i)	The Salary Benefit; 

  

	 	(ii)	The Other Benefits; and 

  

	 	(iii)	The Reimbursement Benefit. 

 7. Terminations of Employment by the Executive. 

7.1 Termination by the Executive for Good Reason. 

(a) The Executive may terminate his employment for Good Reason, as defined in Section 7.1(b) below, by giving written notice of
termination at least 30 days before the date of such termination (or such lesser notice period as the Company or Executive may agree to) specifying in reasonable detail the circumstances constituting such Good Reason. In the event of such
termination, the Executive shall be entitled to receive the following benefits: 
  

	 	(i)	The Salary Benefit; 

  

	 	(ii)	The Other Benefits; 

  

	 	(iii)	The Reimbursement Benefit; 

  

	 	(iv)	The Severance Benefit; 

  

	 	(v)	The Medical Benefit; and 

  

	 	(vi)	The Vesting Benefit. 

 (b) For purposes of this Agreement, “Good Reason” shall mean
only, without the Executive’s written consent, (A) a material negative change in the scope of the authority, functions, duties or responsibilities of Executive’s employment from that which is contemplated by this Agreement; provided
that a change in scope solely as a result of the Company no longer being a public company or becoming a subsidiary of another entity shall not constitute Good Reason; (B) the Company engaging the services of a long-term replacement President
and Chief Executive Officer; (C) any material breach by the Company of any provision of this Agreement without the Executive having committed any material breach of the Executive’s obligations hereunder (including Section 13 hereof),
in each case of (A), (B), or (C), which breach is not cured by the Company within 30 days following written notice thereof to the Company of such breach. 

If grounds for termination of employment for Good Reason occurs, and the Executive fails to give notice of termination within 60 days after
the occurrence of such event, the Executive shall be deemed to have waived his right to terminate employment for Good Reason. In addition, prospective changes to employee benefits for future employment made on an across-the-board basis to all
similarly situated executives of the Company and its subsidiaries shall not be considered Good Reason. Further, if termination for Good Reason is triggered during the Initial Term or a Renewal Term but notice, provided consistent with the terms of
this Agreement, is not provided until the immediately following Renewal Term, if any, the Severance Benefit shall be zero. 

  
 6 

 7.2 Termination by the Executive Without Good Reason. In addition to a non-renewal of the
Initial Term or a Renewal Term by the Executive under Section 1.2 hereof, the Executive may terminate his employment at any time without Good Reason, by giving the Company a written notice of termination to that effect at least 30 days before
the date of termination (or such lesser notice period as the Company may agree to); provided, however, that the Company following receipt of such notice from the Executive may elect to have the Executive’s employment terminate
immediately following its receipt of such notice by paying to the Executive an amount equal to one month of the Executive’s then-current base salary. In the event of the Executive’s termination of his employment pursuant to this
Section 7(b), and in addition to the amount set forth in the preceding sentence, if applicable, the Executive shall be entitled to receive the following benefits: 
  

	 	(i)	The Salary Benefit; 

  

	 	(ii)	The Other Benefits; and 

  

	 	(iii)	The Reimbursement Benefit. 

 8. Termination of Employment By Death. 

8.1 In the event of the death of the Executive during the course of his employment hereunder, the Executive’s estate (or other person or
entity having such entitlement pursuant to the terms of the applicable plan or program) shall be entitled to receive the following benefits: 
  

	 	(i)	The Salary Benefit; 

  

	 	(ii)	The Other Benefits; 

  

	 	(iii)	The Reimbursement Benefit; and 

  

	 	(iv)	The Vesting Benefit. 

 8.2 In addition, in the event of such death, the Executive’s
beneficiaries shall receive any death benefits owed to them under the Company’s employee benefit plans. 
 9. Conditions to Payment of Certain
Benefits. Notwithstanding anything in this Agreement to the contrary, the Company’s obligation to pay or provide to the Executive the benefits described in Sections 6.1(b)(iv) – (vi), 6.2(a)(iv), and 7.1(a)(iv) – (vi) of this
Agreement shall be subject to (i) the Executive’s compliance with the provisions of Section 13 hereof; (ii) delivery to the Company of the Executive’s resignations from all officer, directorships and fiduciary positions, if
any, with the Company, MPAL and their respective subsidiaries and employee benefit plans; and (iii) the Executive’s execution and delivery to the Company without revocation of a valid Termination, Voluntary Release and Waiver of Rights
Agreement, in substantially the form attached to this Agreement as Exhibit A (the “Release”). If the documentation described in clause (ii) above and the Release described in clause (iii) above have not been executed by
the Executive and delivered to the Company within 30 days following the termination of the Executive’s employment, the benefits referenced in this Section 9 shall be forfeited and shall not be reinstated for any reason. 

  
 7 

 10. Golden Parachute Excise Tax. 

10.1 In the event that any payment or benefit received or to be received by the Executive pursuant to this Agreement or any other plan,
program or arrangement of the Company or any of its affiliates would constitute an “excess parachute payment” within the meaning of Section 280G of the Code (“Excess Parachute Payment”), then any Severance Benefit payable
under this Agreement shall be reduced (by the minimum possible amounts) until no amount payable to the Executive under this Agreement constitutes an Excess Parachute Payment; provided, however, that no such reduction shall be made if
the net after-tax payment (after taking into account Federal, state, local or other income and excise taxes) to which the Executive would otherwise be entitled without such reduction would be greater than the net after-tax payment (after taking into
account Federal, state, local or other income and excise taxes) to the Executive resulting from the receipt of such payments with such reduction. 

10.2 All determinations required to be made under this Section 10 shall be made by a nationally recognized independent accounting firm
mutually agreeable to the Company and the Executive (the “Accounting Firm”) which shall provide detailed supporting calculations to the Company and the Executive as requested by the Company or the Executive. All fees and expenses of the
Accounting Firm shall be borne solely by the Company and shall be paid by the Company upon demand of the Executive as incurred or billed by the Accounting Firm. All determinations made by the Accounting Firm pursuant to this Section 10 shall be
final and binding upon the Company and the Executive. 
 11. Entitlement to Other Benefits, Plans or Awards. Except as otherwise provided in this
Agreement, this Agreement shall not be construed as limiting in any way any rights or benefits that the Executive or his spouse, dependents or beneficiaries may have pursuant to any other employee benefit plan or program of the Company. All
benefits, including, without limitation, stock options, stock appreciation rights, restricted stock units and other awards under the Company’s benefits, plans or programs, shall be subject to the terms and conditions of the plan or arrangement
under which such benefits accrue, are granted or are awarded. In addition, nothing herein shall be construed to prevent the Company from amending, altering, eliminating or reducing any benefits, plans or programs so long as the Executive continues
to receive compensation and benefits consistent with those described in Section 3 hereof. 
 12. Officer Protections. As required by the
Company’s Restated Certificate of Incorporation, the Company is entering into its customary Indemnification Agreement with the Executive under which the Company agrees to indemnify the Executive to the fullest extent allowed under Delaware law
for any claims related to the Executive’s service as President and Chief Executive Officer and as a Director of the Company and MPAL and to provide coverage for the Executive under the Company’s directors’ and officers’ liability
insurance with tail coverage. 
 13. Executive’s Obligations. 

13.1 Confidentiality. The Executive agrees that he shall not, directly or indirectly, use, make available, sell, disclose or otherwise
communicate to any person, other than in the course of the Executive’s employment and for the benefit of the Company, either during the period of 

  
 8 

 
the Executive’s employment or at any time thereafter, any nonpublic, proprietary or confidential information, knowledge or data relating to the Company, any of its subsidiaries, affiliated
companies or businesses, which shall have been obtained by the Executive during the Executive’s employment by the Company. The foregoing shall not apply to information that (i) was known to the public prior to its disclosure to the
Executive; (ii) becomes known to the public subsequent to disclosure to the Executive through no wrongful act of the Executive or any representative of the Executive; or (iii) the Executive is required to disclose by applicable law,
regulation or legal process (provided that the Executive provides the Company with prior notice of the contemplated disclosure and reasonably cooperates with the Company at its expense in seeking a protective order or other appropriate protection of
such information). Notwithstanding clauses (i) and (ii) of the preceding sentence, the Executive’s obligation to maintain such disclosed information in confidence shall not terminate where only portions of the information are in the
public domain. 
 13.2 Non-Solicitation. In the event that the Executive receives payment of any Severance Benefit under this
Agreement, the Executive agrees that for the two year period following the date of termination of his employment by the Company the Executive will not, directly or indirectly, individually or on behalf of any other person, firm, corporation or other
entity, knowingly solicit, aid or induce any managerial level employee of the Company or any of its subsidiaries or affiliates to leave such employment in order to accept employment with or render services to or with any other person, firm,
corporation or other entity unaffiliated with the Company or knowingly take any action to materially assist or aid any other person, firm, corporation or other entity in identifying or hiring any such employee (provided, that the foregoing shall not
be violated by general advertising not targeted at Company employees nor by serving as a reference for an employee with regard to an entity with which the Executive is not affiliated). For the avoidance of doubt, if a managerial level employee on
his or her own initiative contacts the Executive for the primary purpose of securing alternative employment, any action taken by the Executive thereafter shall not be deemed a breach of this Section 13.2. 

13.3 Non-Competition. The Executive acknowledges that the Executive performs services of a unique nature for the Company that are
irreplaceable, and that the Executive’s performance of such services to a competing business will result in irreparable harm to the Company. Accordingly, under this Agreement, the Executive agrees that for a period of two years following the
date of termination of his employment by the Company for any reason, whether voluntarily or involuntarily, and whether with or without Cause or Good Reason, he will not, directly or indirectly, become connected with, promote the interest of, or
engage in any other business or activity that directly competes with any or all of the mineral assets, including but not limited to, oil and natural gas, that the Company holds at the date of the Executive’s termination of employment or has
definitive plans to acquire within the 12 months following the date of the Executive’s termination of employment. This clause does not apply to the Executive’s business interests in Oregon existing as of the date of the execution of this
Agreement or to any business activity that results from the Company’s expansion into business activities outside of exploration, purchase, development, marketing, sales or distribution of mineral assets, including but not limited to oil and
natural gas. 
 13.4 Non-Disparagement. Each of the Executive and the Company (for purposes of this Section 13.4, “the
Company” shall mean only (i) the Company by press release or otherwise 

  
 9 

 
and (ii) the executive officers and directors thereof and not any other employees) agrees not to make any public statements that disparage the other Party, or in the case of the Company, its
subsidiaries, affiliates, officers, directors or business partners. Notwithstanding the foregoing, statements made in the course of sworn testimony in agency, administrative, judicial or arbitral proceedings (including, without limitation,
depositions in connection with such proceedings) or otherwise as required by law shall not be subject to this Section 13.4. 
 13.5
Return of Company Property and Records. The Executive agrees that upon termination of the Executive’s employment, for any reason whatsoever, the Executive will surrender to the Company in good condition (reasonable wear and tear
excepted) all property and equipment belonging to the Company and all records kept by the Executive containing the names, addresses or any other information with regard to customers or customer contacts of the Company, or concerning any proprietary
or confidential information of the Company or any operational, financial or other documents given to the Executive during the Executive’s employment with the Company. 

13.6 Cooperation. The Executive agrees that, for a period of one year following termination of the Executive’s employment for any
reason, the Executive shall upon reasonable advance notice, and to the extent it does not interfere with previously scheduled travel plans and does not unreasonably interfere with other business activities or employment obligations, assist and
cooperate with the Company with regard to any matter or project in which the Executive was involved during the Executive’s employment, including any litigation. The Company shall compensate the Executive for any lost wages (or, if the Executive
is not then employed, provide reasonable compensation as determined by the CNG Committee) and reimburse the Executive’s reasonable expenses associated with such cooperation and assistance. All such compensation shall be paid monthly as the
services are being performed by the Executive, and any such reimbursement of expenses shall be subject to Section 4 hereof and shall be made within 30 days after the Executive has provided the Company reasonable documentation for the expenses
incurred and in no event later than the end of the calendar year following the year in which the expenses were incurred. 
 13.7
Assignment of Inventions. The Executive shall promptly communicate and disclose in writing to the Company all inventions and developments including software, whether patentable or not, as well as patents and patent applications (hereinafter
collectively called “Inventions”), made, conceived, developed, or purchased by the Executive, or under which the Executive acquires the right to grant licenses or to become licensed, alone or jointly with others, which have arisen or which
arise out of the Executive’s employment with the Company, or relate to any matters directly pertaining to, the business of the Company or any of its subsidiaries; provided however, that the Executive shall have no obligation to
disclose, and shall retain all rights to, Inventions made, conceived, developed, or purchased by him prior to his employment with the Company or MPAL. Included herein as if developed during the employment period is any specialized equipment and
software developed for use in the business of the Company. All of the Executive’s right, title and interest in, to, and under all such Inventions, licenses, and right to grant licenses shall be the sole property of the Company. As to all such
Inventions, the Executive will, upon request of the Company execute all documents which the Company deems necessary or proper to enable it to establish title to such Inventions or other rights, and to enable it to file and prosecute applications for
letters patent of the United States and any foreign 

  
 10 

 
country; and do all things (including the giving of evidence in suits and other proceedings) which the Company deems necessary or proper to obtain, maintain, or assert patents for any and all
such Inventions or to assert its rights in any Inventions not patented. 
 13.8 Equitable Relief; Reformation; Survival. The Parties
acknowledge and agree that the other Party’s remedies at law for a breach or threatened breach of any of the provisions of this Section 13 would be inadequate and, in recognition of this fact, the Parties agree that, in the event of such a
breach or threatened breach, in addition to any remedies at law, the other Party, without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance, temporary restraining order, a temporary or permanent
injunction or any other equitable remedy which may then be available. If it is determined by a court of competent jurisdiction in any state that any restriction in this Section 13 is excessive in duration or scope or is unreasonable or
unenforceable under the laws of that state, it is the intention of the Parties that such restriction may be modified or amended by the court to render it enforceable to the maximum extent permitted by the law of that state. The obligations contained
in this Section 13 shall survive the termination or expiration of the Executive’s employment with the Company and shall be fully enforceable thereafter. 

14. Alternative Dispute Resolution. Any controversy, dispute or questions arising out of, in connection with or in relation to this Agreement or its
interpretation, performance or nonperformance or any breach thereof shall be resolved through mediation. In the event mediation fails to resolve the dispute within 60 days after a mediator has been agreed upon or such other longer period as may be
agreed to by the Parties, or if the Parties fail to agree on a mediator within 30 days of either Party’s request for mediation, such controversy, dispute or question shall be settled by arbitration in accordance with the Center for Public
Resources Rules for Non Administered Arbitration of Business Disputes, by a sole arbitrator. The arbitration shall be governed by the United States Arbitration Act, 9 U.S.C. Sec. 1-16, and judgment upon the
award rendered by the arbitrator may be entered by any court having jurisdiction thereof. The place of the arbitration shall be Denver, Colorado. 
 15.
General Provisions. 
 15.1 No Duty to Seek Employment. The Executive shall not be under any duty or obligation to seek or
accept other employment following termination of employment, and no amount, payment or benefits due to the Executive hereunder shall be reduced or suspended if the Executive accepts subsequent employment, except as expressly set forth herein. 

15.2 Deductions and Withholding. All amounts payable or which become payable under any provision of this Agreement shall be subject to
any deductions authorized by the Executive and any deductions and withholdings required by applicable laws. 

  
 11 

 15.3 Notices. All notices, demands, requests, consents, approvals or other communications
(collectively “Notices”) required or permitted to be given hereunder or which are given with respect to this Agreement shall be in writing and shall be delivered personally, sent by facsimile transmission with a copy deposited in the
United States mail, registered or certified, return receipt requested, postage prepaid, or sent by overnight mail addressed as follows: 
  

			
	To the Company:	  	Magellan Petroleum Corporation
		  	1775 Sherman Street, Suite 1950
		  	Denver, CO 80203
		  	Attn: President and CEO
		  	Facsimile: (720)570-3859
		
	To the Executive:	  	J. Thomas Wilson
		  	55 West 12th Avenue, Unit 409
		  	Denver, CO 80204

 or such other address as such Party shall have specified most recently by written notice. Notice mailed as provided herein
shall be deemed given when so delivered personally or sent by facsimile transmission, or, if sent by overnight mail, on the day after the date of mailing. 

15.4 Covenant to Notify Management. The Executive shall abide by the ethics policies of the Company as well as the Company’s other
rules, regulations, policies and procedures. The Executive agrees to comply in full with all governmental laws and regulations as well as ethics codes applicable. In the event that the Executive is aware or suspects the Company, or any of its
officers or agents, of violating any such laws, ethics, codes, rules, regulations, policies or procedures, the Executive agrees to bring all such actual and suspected violations to the attention of the Company immediately so that the matter may be
properly investigated and appropriate action taken. The Executive understands that the Executive is precluded from filing a complaint not involving or related to the Executive’s individual rights with any governmental agency or court having
jurisdiction over wrongful conduct unless the Executive has first notified the Company of the facts and permits it to investigate and correct the concerns. 

15.5 Amendments and Waivers. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or
discharge is agreed to in writing signed by the Executive and the Company. No waiver by either Party hereto at any time of any breach by the other Party hereto of, or compliance with, any condition or provision of this Agreement to be performed by
such other Party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 

  
 12 

 15.6 Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable
by (a) the Company’s successors and assigns and (b) the Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any
amounts are still payable to him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee, or other designee or, if there be no such
designee, to the Executive’s estate. 
 15.7 Successors. The Company shall require any successors (whether direct or indirect,
by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be
required to perform. 
 15.8 Assignment. This Agreement and the rights, duties, and obligations hereunder may not be assigned or
delegated by any Party without the prior written consent of the other Party and any attempted assignment or delegation without such prior written consent shall be void and be of no effect. Notwithstanding the foregoing provisions of this
Section 15.8, benefits payable pursuant to this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Executive, and any attempt
to alienate, transfer, assign or attach such benefits shall be void. Notwithstanding the foregoing provisions of this Section 15.8, the Company may assign or delegate its rights, duties and obligations hereunder to any person or entity which
succeeds to all or substantially all of the business of the Company through merger, consolidation, reorganization, or other business combination or by acquisition of all or substantially all of the assets of the Company without the Executive’s
consent. 
 15.9 Choice of Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
Colorado without regard to the conflicts of law provisions thereof. 
 15.10 Statute of Limitations. The Executive and the Company
hereby agree that there shall be a three-year statute of limitations for the filing of any requests for arbitration or any lawsuit relating to this Agreement or the terms or conditions of Executive’s employment by the Company. If such a claim
is filed more than three years subsequent to the Executive’s last day of employment it shall be precluded by this provision, regardless of whether or not the claim has accrued at that time. 

15.11 Right to Injunctive and Equitable Relief. The Executive’s obligations under Section 13 of this Agreement are of a
special and unique character, which gives them a peculiar value. The Company cannot be reasonably or adequately compensated for damages in an action at law in the event the Executive breaches such obligations. Therefore, the Executive expressly
agrees that the Company shall be entitled to injunctive and other equitable relief without bond or other security in the event of such breach in addition to any other rights or remedies which the Company may possess or be entitled to pursue.
Furthermore, the obligations of the Executive and the rights and remedies of the Company under Section 13 and this Section 15.11 are cumulative and in addition to, and not in lieu of, any obligations, rights, or remedies as created by
applicable law. The Executive agrees that the terms of this Section 15.11 shall survive the term of this Agreement and the termination of the Executive’s employment. 

  
 13 

 15.12 Severability or Partial Invalidity. The invalidity or unenforceability of any
provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 

15.13 Entire Agreement. This Agreement, along with Exhibit A attached hereto, the Equity Incentive Agreements, and the
Indemnification Agreement, constitute the entire agreement of the Parties and supersedes all prior written or oral and all contemporaneous oral agreements, understandings, and negotiations between the Parties with respect to the subject matter
hereof and thereof. This Agreement may not be changed orally and may only be modified in writing signed by both Parties. This Agreement, along with Exhibit A attached hereto, the Equity Incentive Agreements, and the Indemnification
Agreement, are intended by the Parties as the final expression of their agreement with respect to such terms as are included herein and therein and may not be contradicted by evidence of any prior or contemporaneous agreement. The Parties further
intend that this Agreement, along with Exhibit A attached hereto, the Equity Incentive Agreements, and the Indemnification Agreement, constitute the complete and exclusive statement of their terms and that no extrinsic evidence may be
introduced in any judicial proceeding involving such agreements. 
 15.14 Code Section 409A. This Agreement is intended to
comply with the provisions of Section 409A of the Code. The Parties intend that the benefits and payments provided under this Agreement shall be exempt from, or comply with, the requirements of Section 409A of the
Code. Notwithstanding the foregoing, the Company shall in no event be obligated to indemnify the Executive for any taxes or interest that may be assessed by the IRS pursuant to Section 409A of the Code. 

15.15 Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed an
original but all of which together shall constitute one and the same instrument. 
 * * * * * 

  
 14 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized
officer and the Executive has hereunto set his hand as of the day and year first above written. 
  

			
	MAGELLAN PETROLEUM CORPORATION
		
	By:	 	  

		 	Name: J. Robin West
		 	Title:   Chairman of the Board
		 	November     , 2013

 EXECUTIVE 
 J. Thomas
Wilson 

  
 15 

 EXHIBIT A 

TERMINATION, VOLUNTARY RELEASE AND WAIVER OF RIGHTS AGREEMENT 

I, J. Thomas Wilson, freely enter into this Termination, Voluntary Release and Waiver of Rights Agreement (the “Agreement”),
unqualifiedly accept and agree to the relinquishment of my title, responsibilities and obligations as President and Chief Executive Officer of Magellan Petroleum Corporation (the “Company”), and concurrently and unconditionally agree to
sever my relationship as President and Chief Executive Officer of the Company, in consideration for the voluntary payment to me by the Company of the benefits described in Section 9 of the Employment Agreement, dated as of
             2011, by and between me and the Company (the “Employment Agreement”). 

1. In exchange for this consideration, which I understand that the Company is not otherwise obligated to provide to me, I voluntarily agree to waive and
forego any and all claims, rights, interests, covenants, contracts, warranties, promises, undertakings, actions, suits, causes of action, obligations, debts, attorneys’ fees or other expenses, accounts, judgments, fines, fees, losses and
liabilities, of any kind, nature or description, in law (including all contract and tort claims), equity or otherwise (collectively, “Claims”) that I may have against the Company as the President and Chief Executive Officer of the Company
beyond the rights set forth in the Employment Agreement and to release the Company and their respective affiliates, subsidiaries, officers, directors, employees, representatives, agents, successors and assigns (hereinafter collectively referred to
as “Releasees”) from any obligations any of them may owe to me in my capacity as President and Chief Executive Officer of the Company except as set forth in my Employment Agreement (and specifically not as a shareholder or director),
accepting the aforestated consideration as full settlement of any monies or obligations owed to me by Releasees that may have arisen at any time prior to the date of my execution of this Agreement, except as specifically provided below in the
following paragraph number 2. 
 2. I do not waive, nor has the Company asked me to waive, any rights arising exclusively under the Fair Labor Standards
Act, except as such waiver may henceforth be made in a manner provided by law. I do not waive, nor has the Company asked me to waive, any vested benefits that I may have or that I may have derived from the course of my employment with the Company. I
understand that such vested benefits will be subject to and administered in accordance with the established and usual terms governing same. I do not waive any rights which may in the future, after the execution of this Agreement, arise exclusively
from a substantial breach by the Company of a material obligation of the Company expressly undertaken in consideration of my entering into this Agreement. 

3. Except as set forth in paragraphs 2 and 9 hereof, I do fully, irrevocably and forever waive, relinquish and agree to forego any and all Claims whatsoever,
whether known or unknown, in contract, tort or otherwise, that I may have or may hereafter have against the Releasees or any of them arising out of or by reason of any cause, matter or thing whatsoever arising out of my employment by the Company
(other than as set forth in my Employment Agreement) from the beginning of the world to the date hereof, including without limitation any 

  
 A-1 

 
and all matters relating to my employment with the Company and the cessation thereof and all matters arising under Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000 et
seq., the Americans with Disabilities Act of 1990, 42 U.S.C. § 12101 et seq., the Family and Medical Leave Act of 1993, 29 U.S.C. § 2601 et seq., the Age Discrimination in Employment Act of 1967, 29
U.S.C. § 621 et seq., the Employee Retirement Income Security Act of 1974, 29 U.S.C. § 1001 et seq., all as amended, or under any other laws, ordinances, executive orders, regulations or administrative or
judicial case law arising under the statutory or common laws of the United States, the State of Texas or any other applicable county or municipal ordinance. 

4. As a material inducement to the Company to enter into this Agreement, I, the undersigned, recognize that I may have been privy to certain confidential,
proprietary and trade secret information of the Company which, if known to third parties, could be used in a manner that would reduce the value of the Company for its shareholders. In order to reduce the risk of that happening, I, the undersigned,
agree that for a period of two (2) years after termination of employment, I, the undersigned, will not, directly or indirectly, assist, or be part of or have any involvement in, any effort to acquire control of the Company through the
acquisition of its stock or substantially all of its assets, without the prior consent of the Board of Directors of the Company. This provision shall not prevent the undersigned from owning up to not more than five percent (5%) of the
outstanding publicly traded stock of any company; exercising any Company stock options in accordance with the terms and conditions of the Company’s 1998 Stock Incentive Plan, or retaining any shares of Company stock owned by me on the date
hereof. 
 5. Acknowledgements. 
 (a) I
further acknowledge pursuant to the Older Worker’s Benefit Protection Act (29 U.S.C. § 626(f)), I expressly agree that the following statements are true: 

(i) The payment of the benefits described in Section 9 of the Employment Agreement is in addition to the standard employee benefits and
anything else of value which the Company owes me in connection with my employment with the Company or the separation of employment. 
 (ii)
I have 21 days from date of receipt to consider and sign this agreement. If I choose to sign this Agreement before the end of the 21 day period, that decision is completely voluntary and has not been forced on me by the Company. 

(iii) I will have seven days after signing the Agreement in which to revoke it, and the Agreement will not become effective or enforceable
until the end of those seven days. 
 (iv) I am now being advised in writing to consult an attorney before signing this Agreement. 

(v) I acknowledge that I have been given sufficient time to freely consult with an attorney or counselor of my own choosing and that I
knowingly and voluntarily execute this Agreement, after bargaining over the terms hereof, with knowledge of the consequences made clear, and with the genuine intent to release claims without threats, duress, or coercion on the part of the Company. I
do so understanding and acknowledging the significance of such waiver. 

  
 A-2 

 6. Further, in view of the above-referenced consideration voluntarily provided to me by the Company, after due
deliberation, I agree to waive any right to further litigation or claim against any or all of the Releasees except as specifically provided in paragraphs 2 and 9 hereof. I hereby agree to indemnify and hold harmless the Releasees and their
respective agents or representatives from and against any and all losses, costs, damages or expenses, including, without limitation, attorneys fees incurred by said parties, or any of them, arising out of any breach of this Agreement by me or by any
person acting on my behalf, or the fact that any representation made herein by the undersigned was false when made. 
 7. As a material inducement to the
Company to enter into this Agreement, I, the undersigned, understand and agree that if I should fail to comply with the conditions hereof or to carry out my obligations under this Agreement, all amounts previously paid under this Agreement shall be
immediately forfeited to the Company and that the right or claim to further payments and/or benefits hereunder would likewise be forfeited. 
 8. As a
further material inducement to the Company to enter into this Agreement, the undersigned provides as follows: 
 First. No
Claims. I represent that I have not filed any complaints or charges against the Company, or any of the Releasees relating to the relinquishment of my former titles and responsibilities at the Company or the terms of my employment with the
Company and that if any agency or court assumes jurisdiction of any complaint or charge against the Company or any of the Releasees on behalf of me concerning my employment with the Company, I understand and agree that I have, by my knowing and
willing execution of this Agreement, waived my rights to any form of recovery or relief against the Company, or any of the Releasees, including but not limited to, attorney’s fees; provided, however, that this provision shall not
preclude the undersigned from pursuing appropriate legal relief against the Company for redress of a substantial breach of a material obligation of the Company expressly undertaken in consideration of my entering into this Agreement. 

Second. No Admission. I acknowledge and understand that the consideration for this release shall not be in any way construed as
an admission by the Company or any of the Releasees of any improper acts or any improper employment decisions, and that the Company, specifically disclaims any liability on the part of itself, the Releasees, and their respective agents, employees,
representatives, successors or assigns in this regard. 
 Third. Binding Nature. I acknowledge and agree that this Agreement
shall be binding upon me, upon the Company, and upon our respective administrators, representatives, executives, successors, heirs and assigns and shall inure to the benefit of said parties and each of them. 

Fourth. Entire Agreement. I represent, understand and agree that this Agreement sets forth the entire agreement between the
Parties hereto, and fully supersedes any and all prior agreements or understandings between the Parties pertaining to the subject matter hereof, except for the provisions of Section 15 of the Employment Agreement, the terms of which retain
their full force and effect, and which are in no way limited or curtailed by this Agreement. 
 Fifth. Modification. This
Agreement may not be altered or changed except by an agreement in writing that has been properly executed by the Party against whom any waiver, change, modification or discharge is sought. 

  
 A-3 

 Sixth. Severability. All provisions and terms of this Agreement are severable. The
invalidity or unenforceability of any particular provision(s) or term(s) of this Agreement shall not affect the validity or enforceability of the other provisions and such other provisions shall be enforceable in law or equity in all respects as if
such particular invalid or unenforceable provision(s) or term(s) were omitted. Notwithstanding the foregoing, the language of all parts of this Agreement shall, in all cases, be construed as a whole, according to its fair meaning, and not strictly
for or against any of the Parties. 
 Seventh. No Disparagement. I agree and promise that I will not make any public
statements which are disparaging or damaging to the reputation or business of the Company, its subsidiaries, directors, officers or affiliates, and I will not make any oral or written statements or reveal any information to any person, company, or
agency which would interfere in any way with the business relations between the Company or any of its subsidiaries or affiliates and any of their customers, suppliers or vendors whether present or in the future; provided however, that
statements made in the course of sworn testimony in agency, administrative, judicial or arbitral proceedings (including, without limitation, depositions in connection with such proceedings) or otherwise as required by law shall not be subject to
this section Seventh. 
 Eighth. Confidentiality. The Company and the undersigned agree to refrain from disclosing to third
parties and to keep strictly confidential all details of this Agreement and any and all information relating to its negotiation, except as necessary to each Party’s accountants or attorneys. 

9. Notwithstanding anything herein to the contrary, this release shall not affect, release or terminate in any way the undersigned’s rights (i) to
receive payments under the Employment Agreement (ii) under the Indemnification Agreement entered by the Company and the undersigned with respect to certain liabilities that the undersigned may incur as an officer of the Company or
(iii) under any option agreements and grants from the Company to the undersigned, or any agreement between the undersigned and the Company relating to the undersigned’s rights as an owner of stock or options in the Company. 

* * * * * 

  
 A-4 

 AFFIRMATION OF RELEASOR 

I, J. Thomas Wilson, warrant that I am competent to execute this Termination, Voluntary Release and Waiver of Rights Agreement and that I
accept full responsibility thereof. 
 I, J. Thomas Wilson, warrant that I have had the opportunity to consult with an attorney of my
choosing with respect to this matter and the consequences of my executing this Termination, Voluntary Release and Waiver of Rights Agreement. 

I, J. Thomas Wilson, have read this Termination, Voluntary Release and Waiver of Rights Agreement carefully and I fully understand its terms.
I execute this document voluntarily with full and complete knowledge of its significance. 
 Executed this      day of
            , 20     at                     . 

 

	
	  

	J. Thomas Wilson

 STATE OF
                    ) 

:        ss.             
                              , 2011 

COUNTY OF                     ) 

Subscribed and sworn to before me, a Notary Public in and for said County and State, this day of
            , 20     under the pains and penalties of perjury. 
  

					
	  
	 	,	 	Notary Public

 My Commission Expires: 
 County
of Residence: 
  

			
	AGREED:
	
	MAGELLAN PETROLEUM CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-5EX-10.1

 Exhibit 10.1 

[ ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 
  

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

 THIS S-92 NEW HELICOPTER SALES AGREEMENT, (the “Agreement”) dated as of the Acceptance Date stated below, is
made by and between Sikorsky International Operations, Inc. (“Sikorsky”) and the Customer named below. 
  

	I.	DEFINITIONS / INFORMATION FOR THIS AGREEMENT 

  

			
	 1.      Customer:
	 	CHC Helicopters (Barbados) Limited
		
	 2.      Sikorsky Contract
	 	No: 92109289
		
	 3.      Custom Helicopter Quantity:
	 	Nine (9)
		
	 4.      Scheduled Presentation Date Baseline Helicopter:
	 	See Exhibit A
		
	 5.      Scheduled Presentation Date Completion Services:
	 	See Exhibit A
		
	 6.      Baseline Helicopter Unit Price:
	 	See Exhibit A
		
	 7.      Completion Services Unit Price:
	 	See Exhibit A
		
	 8.      Custom Helicopter Unit Price:
	 	See Exhibit A
		
	 9.      Total Contract Price:
	 	See Exhibit A
		
	 10.    Payment Schedule:
	 	See Exhibit A
		
	 11.    Customer’s Contact for Technical Issues:
	 	 Name: Mr. Ali Henderson

Title: Director Fleet Planning and Analysis
 Address:

 
 Phone: (602) 276-7500

Fax:

		
	 12.    Customer’s Contact for Invoices:
	 	 Name: Mr. Blake Fizzard

Title: Vice President, Financial
 Structuring – CHC
Helicopter Corporation
 Address:
 Phone: (604)279-2453

Fax:

  
  

Page 1 of 21 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

					
	 13.    Customer’s Contact for Legal Notices:
	  	 Name: c/o CHC Helicopter Corporation

Attention: Vice President, Legal Services & Corporate Secretary

Address:  4740 Agar Drive

                Richmond, British Columbia

                Canada

                V7B 1A3

 
	  	

  

	II.	SIKORSKY’S COMMITMENTS TO THE CUSTOMER 

  

	1	Sale – Sikorsky shall sell and deliver to the Customer, and the Customer shall purchase from Sikorsky, the Quantity of Sikorsky Model S-92 Helicopters equipped with the items of additional equipment
specified in Exhibit B, Part 1 (the “Baseline Helicopters” or individually “Baseline Helicopter”). In addition, Sikorsky shall sell and perform the Completion Services for Customer and Customer shall purchase the Completion
Services on the Baseline Helicopter, which will then be equipped with the items of additional equipment specified in Exhibit B, Part 2 (the “Custom Helicopter(s)”). As part of the Completion Services, Sikorsky will transport each Baseline
Helicopter to Sikorsky’s Designated Completion Center. Upon its arrival at the Designated Completion Center, each Baseline Helicopter shall be inducted into the facility in order to allow the performance of the Completion Services.

 Subsequent to the arrival of each Baseline Helicopter at the Completion Center the configuration items specified in Exhibit
B, Part 1, shall be removed from the Baseline Helicopter and retained by Sikorsky. These configuration items shall be either deleted or replaced by the Customer’s designated items in Exhibit B, Part 2 as part of the Completion Services. 

 

	2	Publications and Training – In conjunction with the sale of the Custom Helicopter(s), Sikorsky agrees to provide: (i) the technical publications described in Exhibit C and (ii) the training
described in Exhibit D. 

  

	3	Warranty – Sikorsky’s warranties and Customer’s remedies are set forth in Exhibit E. 

  

	4	Spare Parts Provisioning and Technical Support – Spare Parts Provisioning and Technical Support are set forth in Exhibit F. 

  
  

Page 2 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	5	Shipping Services – The Customer is responsible for all shipping services to move Custom Helicopters from Sikorsky’s facility subsequent to acceptance of Completion Services. Sikorsky’s
responsibility to deliver or provide any shipping services for moving helicopter from its facilities to a Customer designated location is subject to separate agreement or amendment to the Agreement. Sikorsky agrees to store the Custom Helicopter at
Customer’s risk up to ten (10) days subsequent to acceptance of Completion Services at Sikorsky’s expense. Customer shall pay for additional days of storage at the rate of $[***] ([***] Dollars) per day. 

 

	6	Option Helicopters – Customer shall have the option to purchase additional helicopters under this Agreement in accordance with the following terms and conditions: 

(i)  Customer shall, prior to 5:00PM EST on the date set forth in Exhibit A to this Agreement (such date, the “Option Exercise
Date”), have the option to purchase up to fifteen (15) additional Custom Helicopters under this Agreement, each in the configuration set forth in Exhibit B to this Agreement (collectively, the “Option Helicopters”). The applicable
delivery date and price for the Option Helicopters is as set forth in Exhibit A to this Agreement. This option shall expire and the Customer shall have no further right to exercise the option after 5:00 PM EST on the applicable Option Exercise Date.
Customer shall exercise the option to purchase an Option Helicopter by providing written notice thereof to Sikorsky. 
 (ii)  Upon
the exercise of an option to purchase any Option Helicopter, Sikorsky and Customer shall execute an amendment to the Agreement to reflect the exercise of the option, and the specific delivery date and price applicable to such Option Helicopter.
Except as specifically set forth in such amendment, all other terms of this Agreement shall apply to the Option Helicopters. For each Option Helicopter, Customer shall make payments to Sikorsky in accordance with Exhibit A. 

(iii)  Unless otherwise agreed to in writing by the parties hereto, if Customer does not exercise the option for the Option
Helicopters on or before the Option Exercise Date, the option shall automatically terminate. In the event of any such termination, the Option Helicopter Deposit in the amount of [***] U.S. Dollars (U.S. $[***]) for the affected Option Helicopter
shall be applied and credited to the next applicable payment due by Customer under this Agreement, or to such other account within Sikorsky as Customer shall direct. 
  

	7	[***] 

  

	III.	INSPECTION, ACCEPTANCE, DELIVERY AND TITLE TRANSFER 

  

	1	Delivery Notification – Sikorsky will deliver the Helicopter or Custom Helicopter to Customer in the month of delivery reflected in Exhibit A, or earlier as mutually agreed. Sikorsky will notify
Customer of a firm delivery week in which Customer should plan to accept the Helicopter or Custom Helicopter no later than 35 days prior to the Scheduled Presentation Date Baseline Helicopter and Scheduled Presentation Date Completion Services for
each Baseline Helicopter or Custom Helicopter. 

  
  

Page 3 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	2	Presentation for Inspection and Acceptance – The Baseline Helicopter(s) shall be presented for inspection at the Sikorsky designated facility (the “Designated Facility”) in Pennsylvania on
the Scheduled Presentation Date Baseline Helicopter. During such presentation, the Customer shall be entitled to a standard acceptance test flight for each Baseline Helicopter. Customer’s obligation to accept the Baseline Helicopter is
conditioned upon and subject to Customer being satisfied that the Baseline Helicopter is in airworthy condition with all flight critical systems functional and in proper working order, and has been manufactured in accordance with the specifications
of this Agreement and that the Baseline Helicopter has no damage, corrosion or other defects. 

  

	3	Inspection and Acceptance – After presentation, Customer shall evidence its acceptance of the Baseline Helicopter(s) by executing a Certificate of Helicopter Acceptance in the form of Exhibit G Part
1. Thereafter, Sikorsky shall deliver to Customer a Certificate of Airworthiness in connection with the acceptance of the Helicopter. 

  

	4	No Prospective Registration of Interest – Prior to the transfer of title as provided in this Agreement, Customer, without the prior written consent of Sikorsky, shall neither register nor consent to
the ability of any person to register any interest in the Baseline Helicopter, Custom Helicopter, or any engines on the International Registry, including without limitation, any prospective international interest, pursuant to that body of law known
as the Cape Town Treaty Convention on International Interests in Mobile Equipment and the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment (hereinafter the “Cape Town
Treaty”). Any consent by Sikorsky to registration of any interest in the Baseline Helicopter, Custom Helicopter, or its engines shall be subject to, among other things at Sikorsky’s sole discretion, receipt by Sikorsky of all payments due
under this Agreement at the time of title transfer of the Baseline Helicopter or Custom Helicopter to Customer. Registration of any interest under the Cape Town Treaty in violation of this paragraph shall be deemed ineffective as against Sikorsky
and Customer shall immediately upon request of Sikorsky and at Customer’s expense, take all required action to remove any such interest or other encumbrance on the Baseline Helicopter, Custom Helicopter, or engines in connection therewith.

  

	5	Risk of Loss – Sikorsky shall have risk of loss of the Baseline Helicopter through Customer’s acceptance of the Completion Services. In the event that the Baseline Helicopter is damaged or the
functionality is in any way compromised during the conduct of the Completion Services, Sikorsky shall be required, as a part of the Completion Services, to repair such damage or restore such functionality. Customer agrees that any insurance proceeds
for such repair shall be paid directly to Sikorsky. In the event that the Baseline Helicopter is damaged beyond repair, Sikorsky shall be under no obligation to furnish a substitute Baseline Helicopter or Custom Helicopter but shall rather be
relieved of all obligations with respect to the delivery of such Baseline Helicopter or Custom Helicopter so destroyed, except that Sikorsky or the insurance company shall promptly refund to Customer all amounts theretofore paid by Customer with
respect to the purchase price thereof. 

  
  

Page 4 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	6	Presentation of Completion Services for Acceptance – Upon the completion of the Completion Services, the Custom Helicopter(s) shall be presented for technical acceptance of the work performed at the
Sikorsky Designated Completion Center on the applicable Scheduled Presentation Date Completion Services. During such presentation, the Customer shall be entitled to a standard acceptance test flight for each Custom Helicopter. Customer’s
obligation to accept the Custom Helicopter is conditioned upon and subject to Customer being satisfied that the Completion Services have been satisfactorily completed and that the Baseline Helicopter as previously accepted by Customer, is in
airworthy condition with all systems functional and in proper working order. 

  

	7	Acceptance of Completion Services, Delivery and Title Transfer – After the completion of the inspection, the Custom Helicopter shall be presented to Customer for final acceptance of the Completion
Services at the Designated Facility. Customer shall evidence its acceptance of the Completion Services by executing a Certificate of Acceptance of the Completion Services in the form of Exhibit G Part 2. Thereafter, upon the receipt of the Final
Payment pursuant to Exhibit A, Sikorsky shall provide to Customer a Bill of Sale and an FAA return to service certification to evidence delivery, and title transfer. The Custom Helicopter shall then be at Customer’s risk. The Custom Helicopters
shall be delivered Ex Works (Incoterms 2010) from the delivery facility. 

  

	IV.	PAYMENT AND INVOICE OBLIGATIONS 

  

	1	Payment Schedule – The Customer shall pay to Sikorsky the payments set forth in Exhibit A by wire transfer to [***] (or another account that Sikorsky may designate in writing). If Customer does not
make itself available for presentation and acceptance of the [***] shall be due within [***] following receipt by Customer of written notification that the [***] is ready for presentation and acceptance. If Customer does not make itself available
for presentation and acceptance of the [***] shall be due within [***] following receipt by Customer of written notification that the Custom Helicopter is ready for presentation and acceptance. 

Sikorsky shall submit invoices in either electronic or paper form to Customer, and if applicable, Customer’s designated financing
institution, for each of the payments listed in Exhibit A. Failure to provide an invoice in advance of any payment due date shall not relieve the Customer of its obligation to make all payments required under Exhibit A when the applicable invoice is
presented. 

  
  

Page 5 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 Sikorsky shall submit documents to Customer with supporting documents in
accordance with the following: 
  

	 	1.	For [***]: 

  

	 	i	One Original plus one copy of Sikorsky’s invoice for the [***]. 

  

	 	2.	For [***]: 

  

	 	i	One Original plus one copy of Sikorsky’s invoice for [***]. 

  

	 	3.	For [***]: 

  

	 	i	One Original plus one copy of Sikorsky’s invoice for [***]. 

  

	 	ii	One copy of Certificate of [***] issued by Sikorsky to be signed by Customer. 

  

	 	4.	For [***]: 

  

	 	i	One Original plus one copy of Sikorsky’s invoice for [***]. 

  

	 	ii	One copy of Certificate of [***] issued by Sikorsky to be signed by Customer. 

  

	2	[***] 

  

	3	Late Payments – If any payment obligation (or any portion thereof) in respect of a Baseline Helicopter or Custom Helicopter under this Agreement becomes past due, Customer shall [***] and [***].

  

	4	[***] 

  

	5	Financing – [***] Sikorsky agrees to [***] from the Acceptance Date of the Agreement (the “Approval Date”) to [***] financing of [***] The obligation to provide [***] is conditioned upon: (i) [***];
(ii) mutual agreement between Sikorsky and Customer [***]; (iii) compliance with [***]; (iv) no outstanding [***] and (v) each [***]. If the above conditions (i) through (v) are met and [***]. 

  
  

Page 6 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	  	[***] At no time during the term of this agreement shall Sikorsky be obligated to provide [***]. 

  

	  	Sikorsky shall, upon request from Customer, use its best efforts to assist in [***] that will [***] under the Agreement. Any resulting [***]. Sikorsky shall not be a party to such financing [***]. If Sikorsky does not
[***] then Customer shall [***] in accordance with this Agreement. 

  

	V.	HELICOPTER RELATED PROVISIONS 

  

	1	Type Design and Production Approval – The Federal Aviation Administration (FAA) has granted Sikorsky Type Certificate R00024BO for the S-92A aircraft with GE CT7-8 engines. The Helicopter is
manufactured in accordance with the U.S. Department of Transportation, Federal Aviation Administration (FAA) Regulation Part 21. 

  

	2	Special Flight Tests – Flight test work required for prototyping, functional checkout, or qualification of any additional equipment contracted may be performed by Sikorsky on the Baseline Helicopter
and the Custom Helicopter prior to title transfer thereto or final delivery thereof, respectively, to the Customer. The delivery of the Baseline Helicopter or the Custom Helicopter may be delayed to the extent necessary to accomplish the flight test
work objectives without any liability on the part of Sikorsky for any such delay. In the event the Baseline Helicopter or Custom Helicopter is destroyed during the period of such flight tests, such destruction arising from any cause whatsoever,
Sikorsky shall use commercially reasonable efforts to furnish a substitute Baseline Helicopter or Custom Helicopter, and if Sikorsky is unable to furnish a substitute Baseline Helicopter or Custom Helicopter it shall then be relieved of all
obligations with respect to the delivery of such Baseline Helicopter or Custom Helicopter so destroyed, except that Sikorsky or Sikorsky’s insurance company shall promptly refund to Customer all amounts theretofore paid by Customer with respect
to the purchase price thereof. 

  

	3	Compliance Statement Regarding Airworthiness Directives (ADs), and Alert Service Bulletins (ASBs) – Sikorsky will deliver the Custom Helicopter with all applicable ADs and ASBs complied with prior to
the Scheduled Presentation Date Completion Services, however, Sikorsky and the Customer shall review any ADs and ASBs that are issued less than sixty (60) days prior to the Scheduled Presentation Date Completion Services and determine, on a
mutually acceptable basis, the schedule for compliance with such ADs and ASBs. The delivery of the Custom Helicopter may be delayed to the extent necessary to comply with any ADs or ASBs without any liability on the part of Sikorsky for such delay.

  
  

Page 7 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	4	Customer’s Changes to the Agreement – Subject to Article VII, Section 13 of this Agreement, in the event that the parties desire to make any changes to this Agreement, including, without
limitation, with respect to changes to the Custom Helicopter configuration specified in Exhibit B, and/or any change to the scope of other related services and/or supplies hereunder, the parties must agree to a mutually acceptable amendment to this
Agreement reflecting such changes and setting forth any changes in the price and/or Delivery Schedule. If the parties are unable to reach agreement on any such amendment, then the parties shall continue to perform their respective obligations under
this Agreement without change. Customer hereby appoints the Customer’s Contact for Technical Matters as an authorized agent to execute technical change orders and/or amendments to this Agreement. 

 

	5	Separate Consideration Items for the Helicopter Configuration – 

  

	 	(i)	Customer and Sikorsky have identified separate consideration items (“Separate Consideration Items”) for the Helicopter Configuration, which are listed in Exhibit A. Neither the Baseline Helicopter Unit Price
nor the Completion Services Unit Price specified in Exhibit A includes the price for any of these Separate Consideration Items. The unit prices applicable to such Separate Consideration Items are set forth in Exhibit A to this Agreement.

  

	 	(ii)	Selection of Separate Consideration Items for the Baseline Helicopters – The Customer’s selection of a separate consideration item constitutes a request to make a change to the Custom Helicopter configuration
specified in Exhibit B and Sikorsky shall accommodate Customer’s request in accordance with paragraph 4 above. Should the Customer desire to maintain the Scheduled Presentation Date Completion Services for any Custom Helicopter, the mutually
acceptable amendment to this Agreement reflecting the Customer’s selection of a separate consideration item must be executed based on the following schedule: 

 

	 	a.	[***] 

  

	 	b.	[***] 

 Customer and Sikorsky acknowledge that a selection of a combination of separate
consideration items listed in Exhibit A at any time for any Baseline Helicopter may result in additional work scope that requires a modification to the Scheduled Presentation Date Completion Services for any Custom Helicopter. Any such modification
will be reflected in the required amendment in accordance with paragraph 4 above. 

  
  

Page 8 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	6	Sikorsky Specification Changes – Before the Scheduled Presentation Date Completion Services, Sikorsky reserves the right to make any substitution or amendment to Exhibit B that it deems necessary in
order to ensure that the Baseline Helicopter and/or Custom Helicopter complies with any airworthiness requirement or any mandatory airworthiness directive or service bulletins affecting the Baseline Helicopter and/or Custom Helicopter issued by
Sikorsky, any vendor or the FAA. 

  

	7	Configuration Finalization – To facilitate finalization of the configuration for the Baseline Helicopter(s) and in furtherance of assisting Customer with respect to any customer changes contemplated
in Paragraph 4 of this Article V, Sikorsky and Customer agree as follows: 

  

	 	7.1	Customer Guidance – Not later than 90 days from the Acceptance Date of this Agreement, Customer must provide guidance to Sikorsky with respect to exterior paint colors and interior colors and materials (as
applicable). Sikorsky will create exterior renderings and interior material boards based on this guidance, and will present this material at the configuration review meeting described in clause 7.2 below. 

 

	 	7.2	Configuration Finalization Meeting – Sikorsky and Customer will mutually agree to a date to occur not later than 6 months from the Acceptance Date of this Agreement in which to conduct a configuration review
meeting at the Designated Facility to review and discuss the aircraft systems and interior specifications with Customer. The intent of this meeting is to provide Customer with a thorough understanding of the aircraft systems and interior
specifications. Sikorsky will also present to the Customer exterior paint schemes and interior configuration and materials that are based on colors and guidance provided to Sikorsky prior to the meeting by Customer (reference paragraph 7.1 above).
All travel, living and communication expenses incurred by Customer’s representatives shall be borne by Customer. Customer approval of the specifications is sought at the time of the Configuration Finalization Meeting, but not later than thirty
(30) days following the meeting. The document conveying Customer approval of the specifications is the executed specification approval log, detailed in 7.3 below. 

 

	 	7.3	Customer Furnished Information – No later than 6 months prior to the applicable Scheduled Presentation Date Helicopter, Customer will furnish Sikorsky with the following information for each Helicopter:

  

	 	7.3.1	Executed specification approval log. Items requiring approval in this log include, but are not limited to: 

  

	 	7.3.1.1	Aircraft Completion Specification 

	 	7.3.1.2	Audio Specification (if applicable) 

	 	7.3.1.3	Interior Configuration Document 

  
  

Page 9 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	 	7.3.1.4	Interior Material Board 

	 	7.3.1.5	Seat Upholstery Style (if applicable) 

	 	7.3.1.6	Exterior Paint Rendering (if applicable) 

	 	7.3.1.7	Exterior Paint Colors 

	 	7.3.1.8	Exterior Paint Production Drawing 

	 	7.3.1.9	Any required customer furnished camera-ready artwork for logos (if applicable) 

	 	7.3.1.10	Registration numbers and ICAO addresses for each Helicopter 

 Failure to provide Sikorsky with any of the
foregoing information by the respective dates, or any change to such information, including changes to the configuration, not caused by or proposed by Sikorsky after such respective dates (i) may result in a delivery delay and such delay shall
constitute an Excusable Delay by Sikorsky under this Agreement, and (ii) may result in the activation of any one of the following two configuration change fee scenarios. 

Please note: The scenarios identified below exclude the recurring price (materials and labor) that may be applicable to the equipment items changed by
Customer. The recurring price for the equipment items will be included in the Custom Helicopter Unit Price. 
 Configuration change fee and schedule impact
for change(s) contracted in a single contract amendment/transaction: 
 1) More than 90 days prior to the Scheduled Presentation Date Helicopter: 

— Acceptable changes: [***] 
 — Configuration change
fee: [***] 
 — Schedule Delay: Depending on time for new part(s) design, time for certification, and lead time for new part(s). 

2) 90 days, or less than 90 days, prior to the Scheduled Presentation Date Helicopter, or at any time during the Completion Services: 

For existing certified options or development options: 

a. [***] 
 b. [***] ; and 

c. Any schedule delay caused by lead time for obtaining parts, added design time, design certification and/or installation time for new
part(s). 

  
  

Page 10 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	8	Future Upgrades and Configuration Enhancements – Sikorsky shall have the right to introduce S-92 model upgrades and configuration enhancements consistent with Sikorsky’s normal business
practices. If Sikorsky determines that one or more of such upgrades or enhancements materially impacts the value, price, performance and/or Delivery Schedule of a Baseline Helicopter under this Agreement, then Sikorsky will notify Customer of the
same and present to Customer an amendment to this Agreement setting forth the upgrades and/or enhancements and the corresponding impacts to the value, price, performance and/or Delivery Schedule of the affected Baseline Helicopter. [***]

  

	9	[***] 

  

	10	Charter Time – [***] 

  

	VI.	INTERNATIONAL SALES PROVISIONS 

  

	1	Export Authorizations – The full performance by Sikorsky under this Agreement is subject to the receipt of all applicable United States Government export licenses, approvals, and authorizations
(collectively, “Export Authorizations”). Sikorsky agrees to provide assistance to Customer to obtain any required Export Authorization; however, the responsibility and cost for obtaining any Export Authorization is the responsibility of
the Customer. Customer acknowledges and understands that the length of time from application for and receipt of the necessary Export Authorizations is uncertain. Accordingly, Customer shall use its best efforts to obtain any required Export
Authorizations in a manner to support the timely delivery of the Custom Helicopter. To the extent an Export Authorization is required and Customer requests Sikorsky’s assistance in accordance with the provisions hereof, Customer hereby agrees
to provide the following to Sikorsky in writing at least nine (9) months prior to the applicable Scheduled Presentation Date Helicopter for the purpose of obtaining the Export Authorizations: 

 

	 	(i)	the intended destination for the Custom Helicopter; 

  

	 	(ii)	the identification and nationality of the party who will take title to and be the registered owner of the Helicopter at delivery to the extent such party is an entity different from Customer; 

 

	 	(iii)	the identification and nationality of the financing source for the Helicopter, if such financing source is to hold title to or register as the owner of the Helicopter; provided that such financing source must be a
“broker” within the meaning of the ITAR (22 CFR Part 129); 

  
  

Page 11 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	 	(iv)	the identification and nationality of pilots, maintainers and other third parties including the name of their employer, if any, who are to be trained on the Helicopter; 

 

	 	(v)	confirmation of the finalization of the configuration items and all other optional equipment to be installed or provided for in or on the Custom Helicopter; and 

 

	 	(vi)	for items (i) through (iv) above, the following additional information: 

  

	 	a.	the applicable legal name of the entity; 

	 	b.	address of such entity; 

	 	c.	country of incorporation for such entity; 

	 	d.	name of point of contact; and 

	 	e.	telephone number of point of contact. 

 In addition, Customer agrees to promptly provide any additional
information and complete any documentation required by the United States Government to enable the delivery of the Helicopter. 
 Failure to provide Sikorsky
with any of the foregoing information when required, any subsequent change to the foregoing, or any other cause that may delay the receipt of a required United States export license may result in a delay of the delivery of the Helicopter. Any
delivery delay caused thereby shall be deemed an Excusable Delay under this Agreement. 
 Customer represents that it will use the Custom Helicopter in
providing helicopter transportation services to the Oil and Gas industry and in providing helicopter search and rescue emergency response services. 

Customer acknowledges that it will not re-export, retransfer or direct the Custom Helicopter to destinations, end-uses or end-users in violation of U.S. laws.

  

	2	Import License – Customer shall be responsible for obtaining and complying with any and all import licenses or other authorizations and import taxes or fees which may be required by the country of
destination for importing the Custom
 Helicopter(s). 

  

	3	FAA Registration – Customer shall be responsible for obtaining FAA aircraft registration in the United States upon transfer of title of the Custom Helicopter in accordance with this Agreement.

  

	4	Operations Within United States – If, after transfer of title, the Custom Helicopter is to be flown within the jurisdiction of the United States for any reason, including flight training, Customer,
shall, prior to such operation, obtain and carry currently effective certificates of registration and airworthiness issued or rendered valid by the country of registry and shall display the nationality and registration markings of that country, as
required by Title 14 Part 375 of the U.S. Code of Federal Regulations. In addition, for sales to foreign governments, the Customer shall obtain the requisite U.S. State Department flight clearance approvals prior to any such flight within the United
States. The Customer will comply with all other United States federal, state and local laws and regulations that may be applicable to the operation of the Helicopter/Custom Helicopter in the United States. 

  
  

Page 12 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	5	Special Airworthiness Requirements – The Customer is responsible for ensuring that the Helicopter/Custom Helicopter configuration meets all the operational requirements of the country of
destination/registration/operation for the Customer’s intended usage. In the event Customer wishes to have changes made in the Helicopter/Custom Helicopter(s) to meet specific airworthiness requirements of the country of destination, Customer
shall supply to Sikorsky, in the English language, copies of the applicable standards and a complete description of the changes desired. Sikorsky will review all requested changes and promptly submit a quotation to Customer of the effect on prices
and delivery of incorporating such changes. If acceptable to Customer, this Agreement shall be amended to incorporate such changes; provided, however, in the event any changes result in variations in the specification, the specification shall be
deemed revised to incorporate all such variations. Although Sikorsky may provide Customer with assistance in evaluating the specific airworthiness requirements of the country of destination and suggest changes to meet such requirements, Sikorsky
assumes no responsibility for the acceptability of such changes to government authorities and assumes no obligation to meet the airworthiness requirements of any country other than those governed by the FAA or the European Aviation Safety Agency.

  

	6	Compliance with Laws – The terms, conditions and performance by the parties under this Agreement will comply with all laws, rules, regulations and controls; including but not limited to the following:

  

	 	a.	If the time for transfer of title to the Helicopter shall occur prior to receipt of all U.S. Government export approvals required for delivery of the Helicopter or Custom Helicopter, Sikorsky shall transfer title to the
Helicopter or Custom Helicopter only to a U.S. entity, and if to a U.S. financing institution, only to such U.S. financing institution that is a “broker” within the meaning of the ITAR (22 CFR Part 129); and 

 

	 	b.	Prior to receipt of all U.S. Government export approvals required for delivery of the Helicopter or Custom Helicopter, no “foreign person”, as that term is defined within the ITAR (22 CFR Part 120), shall have
any access to the Helicopter, Custom Helicopter or any related technical data or assistance. 

  

	VII.	TERMS AND CONDITIONS 

  

	1	Changes to the Delivery Schedule – [***] If an acceptable delivery position is available, the parties shall enter into an amendment to this Agreement reflecting the revised delivery dates and any
associated pricing and payment changes. For the avoidance of doubt, with respect to any one Baseline Helicopter, the Customer may not exercise this right more than once. 

  
  

Page 13 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	2	Delays by Sikorsky – [***] 

  

	3	 Excusable Delays – Customer acknowledges that the goods called for hereunder are to be manufactured for Customer to fulfill this
Agreement and that the delivery dates are based on the assumption that there will be no delay due to causes beyond the reasonable control of Sikorsky. Sikorsky shall not be charged with any liability for delay or non-delivery when due to delays of
Customer, acts of God, terrorism or the public enemy, compliance in good faith with any applicable foreign or domestic governmental regulation or order whether or not it proves to be invalid, fires, riots, strikes and lockouts, or any other cause
beyond the reasonable control of Sikorsky, including supplier delays to Sikorsky caused by any of the foregoing excusable delays affecting such supplier and delays related to the receipt of information from the Customer required to obtain any Export
Authorization and/or delays in receiving any Export Authorization and/or the U.S. Government’s decision to refuse to issue any Export Authorization. To the extent that such causes actually retard deliveries on the part of Sikorsky, the time for
Sikorsky’s performance shall be extended for as many days beyond the delivery date(s) as are required to obtain removal of such causes. This provision shall not, however, relieve Sikorsky from using reasonable efforts to avoid or remove such
causes and continue performance with reasonable dispatch whenever such causes are removed. In the event that any Custom Helicopter delivery is delayed for any reason, including excusable delays, or a combination of factors, by more than [***] beyond
the Scheduled Presentation Date Completion Services, Customer shall have the option to terminate the procurement of that Custom Helicopter and receive a refund of all amounts paid for that Custom Helicopter. In addition, [***] . Notwithstanding the
foregoing, in no event will (i) delays 

  
  

Page 14 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	 	
attributable to Customer, including failure to provide information when required under this Agreement, (ii) delays in receipt of any Export Authorization, and/or (iii) the U.S.
Government’s refusal to issue any Export Authorization be included in the calculation of a delivery delay giving rise to Customer’s right of termination. The foregoing shall be Customer’s sole and exclusive remedy with respect to
termination for such delivery delays. To the extent that the Customer holds title to the Baseline Helicopter/Custom Helicopter for which Customer has opted to terminate, immediately upon Sikorsky’s request, and at Customer’s expense, the
Customer shall execute such documents as are necessary to transfer title to such Baseline Helicopter/Custom Helicopter to Sikorsky free and clear of any and all encumbrances. Effective upon transfer of title to Sikorsky and applicable reimbursements
to Customer, neither Sikorsky nor Customer shall have any liability to the other under this Agreement with regard to the terminated Baseline Helicopter/Custom Helicopter. 

 

	4	Inability Or Refusal To Pay – If Customer is unable or refuses to make payment to Sikorsky in accordance with any of its obligations to Sikorsky, Sikorsky may, at its option, terminate this Agreement
by giving to Customer written notice of its intention to terminate. Upon such termination, Sikorsky shall be relieved of any further obligations to Customer and Customer shall (i) reimburse Sikorsky for its termination costs and expenses and a
reasonable allowance for profit and (ii) to the extent Customer holds title to the Helicopter for which Customer is unable or refuses to make payment to Sikorsky, immediately upon request of Sikorsky, and at Customer’s expense, execute
such documents as are necessary to transfer title to such Helicopter to Sikorsky free and clear of any and all encumbrances. All sums paid to Sikorsky from whatever sources may be retained by Sikorsky and applied toward any amount owed to Sikorsky.
In addition, Sikorsky shall have the right to reduce and set-off against any amounts payable by Sikorsky to Customer or against Customer’s property in Sikorsky’s possession any indebtedness or other claim which Sikorsky may have against
Customer. The excess, if any, of such sums over the total termination amount shall be returned to the Customer by Sikorsky. 

  

	5	Taxes – In addition to the Total Contract Price, the Customer shall be responsible for payment of any and all taxes, customs, duties or similar taxes (including any sales and use tax, but not
including Sikorsky’s income taxes), which may be imposed by any taxing authority arising from the sale, delivery or use of the Baseline Helicopter or Custom Helicopter, except for any tax based on the income or assets (or any similar taxes) of
Sikorsky imposed by a federal or state government authority in the United States, or any other taxing authority. If Sikorsky is held responsible by any taxing authority for collection or payment, either on its own behalf or that of the Customer for
taxes arising from this transaction, Customer shall pay all such taxes to Sikorsky upon receipt by Customer from Sikorsky of its bill therefore. If any of the items being purchased under this Agreement are exempt or excluded from taxation, Customer
shall provide pertinent exemption and related certificates to Sikorsky thirty (30) days prior to the Scheduled Presentation Date of the Helicopter and/or Completion Services. Customer’s obligations under this Paragraph 5 shall survive
delivery hereunder. Sikorsky shall take such reasonable actions as requested by Customer to cooperate with Customer to mitigate tax costs payable by Customer under this Agreement; provided that Sikorsky shall not be required to incur any costs or
expenses in taking such actions or providing such cooperation. 

  
  

Page 15 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	6	Limitation Of Liability – With respect to any Custom Helicopter, part or service purchased under this Agreement and alleged to be the direct or indirect cause of any loss or damage to the Customer,
the sum equal to the invoiced price of such Custom Helicopter, part or service shall be the ceiling limit on Sikorsky’s or any of its affiliate’s liability whether founded in contract or tort (including negligence, strict tort liability or
breach of warranty), arising out of or resulting from (i) this Agreement or the performance or breach thereof, or (ii) the design, manufacture, delivery, sale, repair, replacement, or any use of such Custom Helicopter, or (iii) the
furnishing of any such service. In no event shall Sikorsky or any of its affiliates have any liability for any incidental or consequential damages. 

  

	7	Assignment – This Agreement shall inure to the benefit of and be binding upon the successors and assigns of the parties hereto, but it may not be voluntarily assigned, wholly or in part, by either
party hereto without the prior written consent of the other party; provided however, that Sikorsky shall have the right to assign this Agreement to a wholly-owned subsidiary or affiliate of Sikorsky Aircraft Corporation. Notwithstanding the
foregoing, unless such right is restricted by any Export Authorization, Customer shall have the right to novate or assign this Agreement or any part of its obligations hereunder, and all warranties herein, by way of security or otherwise, to one or
more designated financing institutions or subsidiaries or affiliates of Customer; provided that Customer agrees to notify Sikorsky of such novation or assignment and agrees to remain primarily liable for its obligations under this Agreement.

  

	8	Change In Control – In the event of a change in Control of Customer, Customer may assign this Agreement to the entity that is acquiring Control of Customer; provided that Customer obtains
Sikorsky’s written consent prior to such assignment which consent shall not be unreasonably withheld or delayed. However, whereby Control of Customer is acquired by any entity that is a Competitor of Sikorsky, then Sikorsky reserves the right
to terminate this Agreement at any time effective immediately upon receipt by Customer of Sikorsky’s notice of termination. For the purposes of this provision, “Control” means ownership of more than [***] percent ([***]%) of the
voting stock of the Customer, or the power to appoint or elect a majority of the directors of the Customer, and “Competitor” means a company that designs, develops or manufactures vertical takeoff or landing capability aircraft or one of
its affiliated companies. For the purposes of the foregoing sentence, one company is affiliated with another company if it, directly or indirectly, is controlled by, under common Control with, or in Control of, such other company. 

  
  

Page 16 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	9	Intellectual Property – The Parties specifically acknowledge and agree that all Intellectual Property related to Helicopter/Custom Helicopter belongs solely and exclusively to Sikorsky and the
Customer shall not, at any time, assert or claim title to any Intellectual Property, or challenge or oppose the Sikorsky’s claim or rights to the same. Sikorsky hereby grants to the Customer, including its employees, officers, agents, and
representatives, a non-exclusive, royalty-free, fully-paid, worldwide, irrevocable and perpetual license, which license shall be transferrable with the sale of any Helicopter/Custom Helicopter, to use any Intellectual Property supplied to the
Customer under this Agreement to the extent necessary to operate and maintain the Helicopter/Custom Helicopter. 

  

	10	Construction – This Agreement shall be interpreted in accordance with the plain English meaning of its terms, and the construction thereof shall be governed by the laws of the State of Connecticut,
United States of America. The parties further agree to submit to the jurisdiction of both the state and federal courts of Connecticut. 

  

	11	Notices – All notices or communications of any kind under and with respect to this Agreement shall be in the English language. All legal notices shall be given by hand delivery or registered mail and,
if to the Customer, shall be addressed as indicated in Article I; and if to Sikorsky, shall be addressed to Sikorsky Aircraft Corporation, 6900 Main Street, P.O. Box 9729, Stratford, Connecticut 06615-9129, U.S.A., Attention: Vice
President—General Counsel. The effective date of each such notice shall be the date it is received. 

  

	12	Non Disclosure – With exception for the existence of this Agreement, the parties hereby agree that neither party shall disclose to any third party the contents of this Agreement without the prior
written approval of the other party except as may be required in the performance of this Agreement. 

  

	13	Entire Agreement – The terms and conditions contained in this Agreement constitute the entire agreement between the parties hereto and shall supersede all previous communications, representations or
agreements, either oral or written, between the parties hereto with respect to the subject matter hereof, and no agreement or understanding varying or extending the same will be binding upon either party hereto unless in writing, signed by a duly
authorized officer or representative thereof. 

  
  

Page 17 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 IN WITNESS WHEREOF, this Agreement has been executed by each party’s authorized
representative. 
  

									
	CHC HELICOPTERS (BARBADOS) LIMITED:	 		 	SIKORSKY INTERNATIONAL OPERATIONS, INC.:
					
	By:	 	/s/ James Alan Misener	 		 	By:	 	/s/ Rajeev Bhalla
					
	Name:	 	James Alan Misener	 		 	Name:	 	Rajeev Bhalla
					
	Title:	 	President & Director	 		 	Title:	 	VP Finance, CFO
				
	Date:	 	September 6, 2013	 		 	Acceptance Date: September 9, 2013                     
                       

 ATTACHMENTS: 
  

	Exhibit A	Prices, Delivery Schedule. and Payment Schedule 

	Exhibit B	Helicopter Configuration 

	Exhibit C	Publications 

	Exhibit D	Training 

	Exhibit E	Warranty 

	Exhibit F	Spare Parts Provisioning and Technical Support 

	Exhibit G	Acceptance Certificates 

	     Part I	Form of Certificate of Helicopter Acceptance 

	Exhibit H	General Electric Engine Warranty 

  
  

Page 18 of 21 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT A 

Price, Delivery, and Payment Schedule — Firm Helicopters 
  

											
	
FIRM

HELICOPTER
	 	Delivery	 	Price
	Helicopter #	 	 Scheduled
Presentation

Date Baseline
Helicopter*
	 	 Scheduled
Presentation

Date Completion
Services*
	 	 Baseline

Helicopter
Unit Price
	 	 Completion

Services Unit

Price
	 	 Custom

Helicopter
 Unit
Price

	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 	 	 [***]
	 	 	 	 	 	[***]

  

					
	PAYMENT TERMS
	 [***]
	 	[***]%	 	[***]
	 	 	[***]%	 	[***]
	 [***]
	 	[***]%	 	[***]
	 [***]
	 	[***]%	 	[***]
	 [***]
	 	[***]%	 	[***]

  
  

Page A-1 of 7 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

											
	  	 	Payment Schedule
	
Date
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 Option
Deposit
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
Total
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]

  

											
	  	 	Payment Schedule
	
Date
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 Option
Deposit
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
Total
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]

  
  

Page A-2 of 7 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

											
	  	 	Payment Schedule
	
Date
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 Option
Deposit
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
Total
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]

  

											
	  	 	Payment Schedule
	
Date
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 Option
Deposit
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
Total
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]

  
  

Page A-3 of 7 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

											
	  	 	Payment Schedule
	
Date
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 Option
Deposit
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
Total
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]

  

											
	  	 	Payment Schedule
	
Date
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 Option
Deposit
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
Total
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]

  
  

Page A-4 of 7 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

											
	  	 	Payment Schedule
	
Date
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 Option
Deposit
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
Total
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]

  

											
	  	 	Payment Schedule
	
Date
	 	[***]	 	[***]	 	[***]	 	[***]	 	Total
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 Option
Deposit
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
Total
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]

  
  

Page A-5 of 7 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT A 

Price, Delivery, and Payment Schedule — Option Helicopters 

 

													
	  	 	  	 	Delivery	 	Price
	Option
Helicopter #	 	Option
Exercise Date	 	Schedule
Presentation
Date
Baseline
Helicopter*	 	Scheduled
Presentation
Date
Completion
Services*	 	Baseline
Helicopter
Unit Price	 	Completion
Services
Unit Price	 	Custom
Helicopter
Unit Price
	
  1
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
  2
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
  3
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
  4
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
  5
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
  6
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
  7
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
  8
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	
  9
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 10
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 11
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 12
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 13
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 14
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	 15
	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
		 		 	 [***]
	 	 	 	 	 	[***]

  

					
	PAYMENT TERMS –
OPTION AIRCRAFT
	 [***]
	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]
	 [***]
	 	[***]	 	[***]

  
  

Page A-6 of 7 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 SEPARATE CONSIDERATION ITEMS FOR THE OFFSHORE HELICOPTER CONFIGURATION 

 

											
	Code	  	Description	 	[***]	 	[***]	 	[***]	 	[***]
	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

	 [***]
	  	[***]	 	 [***]
	 	 [***]
	 	 [***]
	 	
[***]

  
  

Page A-7 of 7 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT B 

HELICOPTER CONFIGURATION 
 The following items
of standard and optional equipment as described below, which have been selected by the Customer, shall be installed on the Helicopter(s) to be delivered under this Agreement. 

Part 1 
 Baseline Helicopter Items

 PROPULSION 
 [***] 

ROTOR SYSTEMS 
 [***] 

FLIGHT CONTROL SYSTEMS  
 [***] 

AVIONICS SYSTEMS 
 [***] 

HEALTH & USAGE MONITORING SYSTEMS (HUMS) 
 [***]

 AIRFRAME FEATURES 
 [***] 

ELECTRICAL SYSTEM 
 [***] 

FUEL SYSTEM 
 [***] 

LIGHTING 
 [***] 

COCKPIT AND CABIN FURNISHINGS & COMFORT SYSTEM 

[***] 
 LOOSE TOOLS & EQUIPMENT 

[***] 
 

OFFSHORE HELICOPTER CONFIGURATION 
 Part 2

 Custom Completion Center Installed Items for Offshore Configuration 
  

			
	MARKET SEGMENT DELETION ITEMS
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]

  

			
	Aircraft
	Code	    	Description
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]

  

			
	Avionics
	Code	    	Description
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]

  

			
	Electrical
	Code	    	Description
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]

  

			
	Fuel
	Code	    	Description
	[***]	    	[***]
	[***]	    	[***]

 
  

			
	Interior
	Code	    	Description
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]

  

			
	Paint
	Code	    	Description
	[***]	    	[***]
	[***]	    	[***]

  

			
	Seats
	Code	    	Description
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]
	[***]	    	[***]

  
  

Page B-1 of 3 
 [ ] = Certain confidential information contained in
this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT C 

PUBLICATIONS 
  

	1	Publications – With each Helicopter/Custom Helicopter sold and delivered hereunder, Sikorsky shall furnish the Customer with certain publications under this paragraph for use by the Customer and its
contractors in operating and supporting the Helicopter. Sikorsky shall provide the Customer with two paper copies of the: 

Pilot’s Rotorcraft Flight Manual (two copies, paper) 

Sikorsky shall also furnish to the Customer S-92 Interactive Electronic Technical Manuals (IETMs) contained on CD-ROM computer disk(s) for
accessing the information contained in the S-92 Maintenance Manuals (which includes Illustrated Parts Catalog), HUMS User Guide, and Airworthiness Limitations and Inspection Manuals. In addition, two copies of the Engine Operating and Maintenance
Manual and Engine Illustrated Parts Breakdown Manual will be provided by GE. The IETMs shall be subject to Sikorsky’s standard IETM software license agreement terms. 
  

	2	Alert Service Bulletins – Alert Service Bulletins shall be issued on matters requiring the immediate attention of the Customer and shall be generally limited to items affecting safety.

  

	3	Customer Service Notices – Customer Service Notices shall be issued to furnish the Customer with information regarding product improvement modifications and part changes. 

 

	4	Revisions – The Customer shall receive a revision service to the Sikorsky manuals and IETMs for a period of [***] years after the final acceptance of the Completion Services on the first Helicopter.
An extended revision service is available at an additional price to the Customer. Sikorsky will provide [***] years of revision service for vendor manuals on CD ROM. 

  
  

Page C-1 of 1 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT D 

TRAINING 
  

	1	Initial Pilot Training Services – With each Helicopter/Custom Helicopter sold and delivered hereunder, Sikorsky shall make available to [***] Customer pilots an S-92 initial pilot training Course
approximately [***] in duration, consisting of a Visual Flight Rules (VFR) transition segment, and as required, an Instrument Flight Rules (IFR) transition segment. Each of the segments is programmed to provide emphasis on classroom training,
cockpit familiarization using cockpit trainer, simulator and flight instruction and be of sufficient duration to transition an experienced single engine turbine qualified helicopter pilot with 200 flight hours into the S-92. Each Customer pilot must
have a current commercial certificate helicopter instrument rating, or Equivalent. Each Customer pilot will receive approximately [***] training in a full motion Level D flight simulator, if available, in accordance with FAA AC 120-63 and
approximately [***] in the Customer’s S-92 Helicopter, following final acceptance by the Customer of the Completion Services by the Customer. Full flight simulator hours will be conducted in the pilot’s station. 

 

	2	Initial Maintenance and Electrical Training Services – With each Helicopter/Custom Helicopter sold and delivered hereunder, Sikorsky shall make available to [***] Customer maintenance technicians an
initial S-92 maintenance training course approximately [***] days in duration or, at Customer’s option, an S-92 electrical training course approximately [***] days in duration. Either course includes inspection and maintenance troubleshooting
and use of a maintenance trainer, if available. Each mechanic must have background experience in one or more of the following categories: certified (by Federal Aviation Administration [“FAA”] or by an equivalent airworthiness authority)
airframe mechanic with one (1) year practical experience as a rated aircraft mechanic; one (1) year experience as an active mechanic on a commercial or military helicopter; or three (3) years general experience as a commercial or
military aircraft mechanic. 

  

	3	Engine Training Services – With each Helicopter/Custom Helicopter sold and delivered hereunder, Sikorsky shall make available to [***] Customer mechanics, an engine maintenance course at the engine
manufacturer’s facility. This course is approximately [***] days in duration. 

  

	4	 Pilot Information – As required by U.S. law, including but not limited to the Aviation and Transportation Security Act, Customer
shall identify its personnel that will undergo pilot training. Customer shall provide the names (and any other necessary information) of the pilot trainees or take any required act sixty (60) days prior to the beginning of training. Delay,
inaction or refusal by the U.S. Government to authorize the training of any pilot will be a force majeure event with regard to Sikorsky’s training obligations. All expenses related to such pilot and maintenance training, including, but not
limited to, 

  
  

Page D-1 of 3 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	 	
fuel, maintenance, spare parts, insurance, landing fees, and travel and lodging for the Customer’s students and other personnel shall be borne by the Customer. All training will be conducted
in English. Written training materials will be in the English language. Customer pilots who do not meet the ICAO Level IV English Proficiency must be provided with a qualified translator capable of operating in a classroom and flight environment.
Translator fees will be the responsibility of the Customer. 

  

	5	Customer’s Responsibility – the Customer shall be responsible for all travel and related expenses associated with Customer’s personnel attending such training services. 

 

	6	Scheduling – Prior to the Scheduled Presentation Date Completion Services on the First Helicopter, the Customer shall provide Sikorsky written notice as to whether the Customer’s personnel or
designees are going to attend the S-92 pilot training and/or maintenance/electrical training courses. Sikorsky will, if practical, schedule the ground school portion of the pilot training course and the maintenance/electrical training course so that
completion will be accomplished immediately prior to the delivery of the Custom Helicopter to Customer. Unless Sikorsky notifies Customer to the contrary, all training, except flight training, will be conducted at FlightSafety International’s
facility in West Palm Beach, Florida. Flight training in Customer’s S-92 Custom Helicopter will be conducted at or near the Designated Completion Center, or as mutually agreed by the parties. In any event the training services in Paragraphs
(1), (2) and (3) above must be scheduled and completed within twelve (12) months of the Helicopter delivery to which such services are allocable, in default of which Customer shall no longer be entitled to such services. The training
services provided in accordance with Paragraphs (1), (2) and (3) above will be conducted in the English language. The Customer shall provide all documentation, and personal information on the pilots to be trained, and cooperation for pilot
training as requested by Sikorsky to assure compliance with U. S. A. laws and applicable policies and regulations in force at the time of training. 

  

	7	Hold Harmless and Indemnification – In consideration of Sikorsky making training services available to the Customer hereunder, the Customer, as the Custom Helicopter owner whose employees or designees
will be the recipient of such training services, shall secure and protect itself and shall indemnify Sikorsky, FlightSafety International, Inc., their affiliates and their respective directors, officers, employees, service representatives, and
agents, from any liability, claim of liability, expense, cause of action, loss or damage whatsoever, whether arising in tort or otherwise, for any injury, including death, to any person or property whatsoever (including the Customer’s Custom
Helicopter(s)), arising out of or in conjunction with the performance of such training services. 

  
  

Page D-2 of 3 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	8	Insurance Requirements – Toward effectuating the security, protection and indemnification of Paragraph 7 above, and in addition to Customer’s obligations under such Paragraph 7, Customer agrees
to carry as a minimum on each Custom Helicopter purchased under this Agreement the following insurance from the scheduled time of delivery of the Completion Services on the Helicopter through the completion of all of the flight training services
provided hereunder: 

  

	 	(i)	Aircraft Public Liability, Bodily Injury and Property Damage and Passenger Legal Liability Insurance, including Contractual Liability Insurance to cover the liabilities herein assumed by Customer, with a limit of not
less than $100,000,000.00 for a single occurrence. 

  

	 	(ii)	Aircraft Hull All Risk Loss or Damage Insurance covering the Custom Helicopter in the amount of the Helicopter Unit Price plus the Completion Services Unit Price. 

All of the insurance policies shall be issued by companies authorized to do business under the laws of the States of Florida and Connecticut
and satisfactory to Sikorsky, shall be in form and substance satisfactory to Sikorsky, shall name Sikorsky, FlightSafety International, Inc. and their respective affiliates as additional insureds, shall contain a provision prohibiting cancellation
except upon at least ten (10) days prior written notice to Sikorsky and FlightSafety International, Inc., shall contain a complete waiver of subrogation by the insurer against Sikorsky, FlightSafety International, Inc., and their respective
affiliates, and shall be primary and non-contributory with respect to any insurance carried by Sikorsky and/or FlightSafety International, Inc. Customer shall furnish to Sikorsky either certified copies of such policies or certificates evidencing
such insurance and waiver. Such copies or certificates shall be presented to Sikorsky thirty (30) days prior to the scheduled commencement of the flight training. 
  

	9	Further Understandings – Sikorsky assumes no liability for any expense of the Customer’s personnel, directly or indirectly connected with the furnishing of training services provided for herein.
The parties expressly understand and agree that the responsibility of Sikorsky in the furnishing of the training services described above is limited to the furnishing of such and shall not extend to the results thereof. The parties further
understand and agree that, in the event Customer elects not to take all or any portion of the training services provided for herein, no refund or other financial adjustment of the price will be made. 

 

	10	Personnel to Receive Training – [***] 

  
  

Page D-3 of 3 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT E 

WARRANTY 
  

	1.	WARRANTY 

 Sikorsky warrants to Customer that each new Custom Helicopter sold by it, the parts and
accessories installed thereon (except for the engines and engine accessories and Customer furnished equipment) new spare parts, and repaired/overhauled parts shall be free from defects in material and workmanship under normal use and service for the
periods outlined below. The engines and engine accessories are covered separately, and not by the warranty provided in this Exhibit E, by the General Electric’s Aircraft Engines “GE-CT7-8/8A Engine Warranty” set forth as Exhibit H.
Sikorsky shall assist Customer in resolving engine warranty issues in accordance with the terms of the “GE-CT7-8/8A Engine Warranty”. 
  

	2.	DURATION 

  

					
	CATEGORY	 	PERIOD OF COVERAGE	 	INCLUDES
	 Primary Structural Parts
	 	[***]	 	[***]
	Non-Primary Structural Parts & Dynamic Components Installed on Aircraft	 	[***]	 	[***]
	 New Spare Parts
	 	[***]	 	[***]
	 Repaired/Overhauled Parts
	 	[***]	 	[***]
	 Engines
	 	[***]	 	[***]

  

	3.	SIKORSKY OBLIGATIONS 

  

	A.	REPAIR/REPLACEMENT. 

  

	 	(i)	Sikorsky shall be obligated under this warranty to the repair or replacement of the defective item with a new, overhauled or serviceable replacement item during the applicable term of the warranty. The decision to
repair or replace the defective item is solely at the discretion of Sikorsky. 

  

	 	(ii)	[***] 

  

	 	(iii)	[***] 

  

	B.	[***] 

  
  

Page E-1 of 6 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	4.	CUSTOMER’S OBLIGATIONS 

  

	A.	The Customer must notify Sikorsky in writing of any defect occurring within the warranty period, within [***] days after its discovery. 

 

	B.	If Sikorsky elects to replace or exchange rather than repair and return the warranted item, the Customer must return the defective part to Sikorsky or its designated repair facility within 30 days (domestic U. S.) or 60
days (international) of receipt of replacement or exchange item, if so requested by Sikorsky. Core units with a CPL list price of USD $[***] or less shall be not be returned, unless specifically requested by Sikorsky. 

 

	C.	If requested by Sikorsky, the Customer must furnish Sikorsky with pertinent Custom Helicopter operational and maintenance records. Such records may include any and all those prepared during the entire warranty period
immediately preceding the discovery as well as records of any incident, accident, or unusual event encountered by the Custom Helicopter at any time prior to the discovery of the defect. 

 

	5.	TRANSPORTATION 

 Transportation charges relating to approved warranty claims, up to and including the
average cost of Federal Express P1 or equivalent, will be borne by Sikorsky if returned in accordance with written shipping instructions from Sikorsky. Transportation charges do not include taxes, duties, loans, lease charges, exchange fees,
warehousing charges, handling charges, or administrative charges. Any premium transportation costs shall be borne by the Customer. 
  

	6.	WARRANTY ON REPLACEMENT PARTS 

 Parts replaced or exchanged (newly manufactured, repaired or overhauled)
under a valid warranty claim are warranted for the remainder of the original warranty period associated with the discrepant part removed. 
  

	7.	EXCLUSIONS 

 This warranty does not apply to: 

 

	 	A.	Baseline Helicopters or Custom Helicopters which are regularly engaged in flight testing, and/or 

  

	 	B.	Baseline Helicopters or Custom Helicopters which are not maintained, operated or repaired in accordance with the procedures recommended by Sikorsky or its OEM’s, and/or 

 

	 	C.	Baseline Helicopters or Custom Helicopters which undergo structural modifications, repairs, and/or engine retrofits without the express written approval and technical guidance of Sikorsky, and/or 

  
  

Page E-2 of 6 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	 	D.	Baseline Helicopters or Custom Helicopters or parts which have been subject to abuse, misuse, negligence, combat damage, incident or accident, and/or 

 

	 	E.	Baseline Helicopters or Custom Helicopters or parts which have been subject to direct foreign object damage, ingestion of foreign material or sand, dust or any corrosive or erosive agent, and/or 

 

	 	F.	Standard consumable and expendable items such as, but not limited to, seals, filters, gaskets, tires, hoses, bulbs, switches, batteries, bearings, brake pads and general hardware, and/or 

 

	 	G.	Normal wear and tear, including normal wear and tear to exterior paint and interior items such as, but not limited to, to seats, sidewall and headliner coverings, woodwork, plating and other soft trim appearance items
and exterior paint, and/or 

  

	 	H.	Parts and accessories whose manufacturer’s identification tag has been removed or obliterated or cannot otherwise be identified as having been installed on the Baseline Helicopters or Custom Helicopters on the
Scheduled Presentation Date Baseline Helicopter or Scheduled Presentation Date Completion Services, and/or 

  

	 	I.	Defects which result from contamination such as contaminated fuel, oil, hydraulic fluids and the like, and/or 

  

	 	J.	Damage to the Baseline Helicopter or Custom Helicopter or other property without limitation, incidental, and consequential damages, and/or 

 

	 	K.	Parts and accessories which are damaged or otherwise rendered unserviceable as a result of completion or installation activity performed by entities other than Sikorsky, and/or 

 

	 	L.	Costs identified as commercial losses, or profits due to loss of use of the aircraft. 

  

	8.	DISCLAIMER 

  

	A.	TITLE 

 Sikorsky represents that, as of the Acceptance Date of this Agreement there are no pending suits
arising out of any alleged patent infringement related to the Custom Helicopter. Sikorsky warrants to Customer that it will convey good title to the Custom Helicopter and parts sold hereunder. Sikorsky’s liability and Customer’s remedy
under this warranty are limited to the removal of any title defect or at the election of Sikorsky to the replacement of the Custom Helicopter or parts thereof which are defective in title; provided, however, that the right and remedies of the
parties with respect to patent infringement shall be limited to the provisions of Paragraph 8B below. 

  
  

Page E-3 of 6 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	B.	PATENT INFRINGEMENT 

 Sikorsky shall conduct, at its own expense, the entire defense of any claim, suit
or action alleging that, without further combination, the use or resale by Customer or any subsequent purchaser or user of any Custom Helicopter or part delivered hereunder directly infringes any United States patent, but only on the conditions that
(A) Sikorsky receives prompt written notice of such claim, suit, or action and full opportunity and authority to assume the sole defense thereof, including settlement and appeals, and all information available to Customer and defendant for such
defense; (B) said Custom Helicopter or part is made according to a specification or design furnished by Sikorsky or, if a process patent is involved, the process performed by the Custom Helicopter(s) is recommended in writing by Sikorsky; and
(C) the claim, suit, or action is brought against Customer or one expressly indemnified by Customer. Provided all of the foregoing conditions have been met, Sikorsky shall, at its own expense, either settle said claim, suit, or action or shall
pay all damages excluding consequential damages and costs awarded by the court therein, and, if the use or resale of such Custom Helicopter or part is finally enjoined, Sikorsky shall, at Sikorsky’s option: (i) procure for defendant the
right to use or resell the Custom Helicopter or part, (ii) replace them with an equivalent noninfringing Custom Helicopter or part, (iii) modify them so they become noninfringing but equivalent, or (iv) remove them and refund the
purchase price (less a reasonable allowance for use, damage, and obsolescence). 
 If a claim, suit, or action is based on a design or specification
furnished by Customer, or on the performance of a process not recommended in writing by Sikorsky, or on the use or sale of the Custom Helicopter or parts delivered hereunder in combination with other helicopter parts not delivered to Customer by
Sikorsky, Customer shall indemnify and save Sikorsky harmless therefrom. 
  

	C.	EXCLUSIVE WARRANTIES & REMEDIES 

 THE FOREGOING WARRANTIES ARE EXCLUSIVE AND ARE GIVEN AND
ACCEPTED IN LIEU OF (i) ANY AND ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND DESIGN WARRANTY; AND (ii) ANY OBLIGATION, LIABILITY,
RIGHT, CLAIM, OR REMEDY IN CONTRACT OR TORT, WHETHER OR NOT ARISING FROM SIKORSKY’S OR ANY OF ITS AFFILIATES’ NEGLIGENCE, ACTUAL OR IMPUTED, STRICT TORT LIABILITY OR BREACH OF WARRANTY. NEITHER SIKORSKY NOR ANY OF ITS AFFILIATES SHALL HAVE
ANY RESPONSIBILITY OR LIABILITY WHATSOEVER FOR ANY DAMAGE, LOSS OR INJURY TO PERSONS OR PROPERTY, INCLUDING, WITHOUT LIMITATION, TO THE CUSTOM HELICOPTER, ARISING OUT OF OR RELATED TO ANY DEFECTIVE ITEM HEREUNDER, OR THE INSTALLATION THEREOF. UNDER
NO CIRCUMSTANCES SHALL SIKORSKY OR ANY OF ITS AFFILIATES BE LIABLE FOR ANY INCIDENTAL, CONSEQUENTIAL, OR SPECIAL DAMAGES, HOWEVER CAUSED, INCLUDING, WITHOUT LIMITATION, LOSS OF USE, LOSS OF PROFITS, LOSS OF PRODUCTION AND/OR LOSS OF REVENUES. NO
AGREEMENT VARYING OR EXTENDING THE FOREGOING WARRANTIES, REMEDIES, OR THIS LIMITATION WILL BE BINDING UPON SIKORSKY OR ANY OF ITS AFFILIATES UNLESS IN WRITING, SIGNED BY A DULY AUTHORIZED OFFICER OF SIKORSKY OR SUCH AFFILIATES. 

  
  

Page E-4 of 6 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	9.	GENERAL 

  

	A.	This warranty may not be assigned or otherwise transferred to any other party without the advance, written consent of Sikorsky. Notwithstanding the foregoing, Customer shall have the right to novate or assign the
warranty in connection with an assignment or novation of the Agreement to one or more designated financing institutions or subsidiaries or affiliates of Customer; provided that Customer agrees to notify Sikorsky of such novation or assignment and
agrees to remain primarily liable for its obligations under the warranty. 

  

	B.	Sikorsky is not liable for the costs incurred in troubleshooting, gaining access for removal of the discrepant item or reinstallation or testing of the repaired or replacement item except as set forth in paragraph 3B.

  
  

Page E-5 of 6 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT F 

SPARE PARTS PROVISIONING AND TECHNICAL SUPPORT 

PROVISIONING: Not later than 180 days prior to aircraft delivery to Customer, Sikorsky’s aftermarket business, Sikorsky Aerospace Services
(“SAS”), will conduct spare parts and support equipment provisioning conference with the customer at Sikorsky’s Stratford, Connecticut facilities to define a tailored support package satisfying the operational requirements of the
customer. Travel expenses to the Sikorsky facility shall be the responsibility of Customer. Maintenance concept, quantity of helicopters, number of operational sites, and fleet projected utilization will be parameters utilized in establishing spare
parts recommendations. Any spare parts procured by the Customer would be sold pursuant to a separate agreement between the Customer and SAS. Customer will be sent after contract signing a “Maintenance and Operations” Site Survey form that
will better educate and inform Sikorsky of equipment and facilities Customer has at the place of operation. Customer will complete the survey 20 days prior to the date of the conference. 

CREW TRAINING AND SIMULATOR: Sikorsky shall not object to Customer’s activities pertaining to the development of its own internal capability for
simulator training and other training elements. If requested by Customer in support of Customer developing internal S92 training capabilities, Sikorsky and Customer will conduct good faith negotiations regarding the sharing of data required by
Customer to develop and certify internal S92 training capabilities. 
 FIELD SERVICE REPRESENTATIVES: Sikorsky will maintain a staff of
factory trained Field Service Representatives (FSR) for the purpose of providing on site guidance on technical, logistical, and operational issues. The FSR serves as liaison between Sikorsky and the customer to assist in the introduction of the S-92
helicopter into the fleet. The FSR provides ongoing familiarization to support customer personnel and provides guidance with integrating the Scheduled Maintenance Requirements into the customer’s maintenance program. The FSR is supported by a
Service Engineering team and a 24 hour, 7 days a week, HELP DESK. 

  
  

Page F-1 of 1 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT G

Part 1 
 CERTIFICATE OF
HELICOPTER ACCEPTANCE 
 Pursuant to the S-92 New Helicopter Sales Agreement Number ________________, dated _________________, between Sikorsky [spell
out entity] _________________ (“Sikorsky”) and [Customer] (“Customer”) (the “Agreement”): 

Inspection – Customer hereby acknowledges that it has thoroughly inspected the S-92 helicopter Registration No. _____________
and has found it to be acceptable and in accordance with the requirements of the above referenced Agreement; and 
 Acceptance –
Customer hereby accepts the helicopter described below on the ___ day of _________, 201_. Flight hours at time of acceptance are _________________. 
 IN
WITNESS WHEREOF, [Customer] has caused this Certificate to be executed this ___ day of ___________________, _______. 

[CUSTOMER] 
 By: 

Name: 
 Title: 

  
  

Page G-1 of 2 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT G

Part 2 
 CERTIFICATE OF
COMPLETION SERVICES ACCEPTANCE 
 Pursuant to the S-92 New Helicopter Sales Agreement Number ________________, dated _________________, between Sikorsky
[spell out entity] _________________ (“Sikorsky”) and [Customer] (“Customer”) (the “Agreement”): 

Inspection – Customer hereby acknowledges that it has thoroughly inspected the Completion Services performed on the S-92
helicopter Registration No. _____________ and has found them to be acceptable and in accordance with the requirements of the above referenced Agreement; and 

Acceptance – Customer hereby accepts the Completion Services described below on the ___ day of _________, 201_. Flight hours on
the Custom Helicopter at time of acceptance of the Completion Services are _________________. 
 IN WITNESS WHEREOF, [Customer] has caused this
Certificate to be executed this ___ day of ___________________, _______. 
 [CUSTOMER] 

By: 
 Name: 

Title: 

  
  

Page G-2 of 2 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT H 

GENERAL ELECTRIC CT7-8/CT7-8A ENGINE WARRANTY 

[***] 

  
  

Page H-1 of 2 
 [ ] = Certain confidential information contained in
this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}]]