Document:

Form of 2011 Restricted Share Unit Grant Agreement

 Exhibit 10.8 
 6922767 Holding (Cayman) Inc. 
 Form of Restricted Share Unit Grant
Agreement 
 THIS AGREEMENT (the “Agreement”), is made effective as of the
    day of                 ,         at [Time], (hereinafter called the “Effective
Date”) between 6922767 Holding (Cayman) Inc. (hereinafter called the “Company”), and [Full Name] (hereinafter called the “Participant”) 

RECITALS: 

WHEREAS, the Company has adopted the 6922767 Holding (Cayman) Inc. 2011 Management Equity Plan (the
“Plan”); and 
 WHEREAS, the Committee has determined that it would be in the best interests of
the Company and its shareholders to grant the restricted share unit(s) provided for herein to the Participant pursuant to the Plan and the terms set forth herein. 
 NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows: 
  

	1.	Plan Incorporated by Reference. The terms and conditions of the Plan are hereby incorporated by reference as terms and conditions of this Agreement and all
capitalized terms used herein, unless expressly defined in a different manner, have the meanings ascribed thereto in the Plan. 

  

	2.	Grant of Restricted Share Units. The Committee hereby grants to the Participant [RSUs] restricted share unit(s) (each such restricted share
unit an “RSU”), each such RSU providing the Participant the right to receive, subject to the terms and conditions hereinafter set forth, one (1) Ordinary B Share issued from treasury. 

 

	3.	Vesting and Settlement of RSUs. Subject to Section 4 below, Restricted Share Units shall be vested upon grant and shall be settled in Ordinary B Shares
issued from those Ordinary B Shares reserved for such purpose on the Settlement Date. 

  

	4.	Termination of Employment or Death of Participant. If the Participant is Terminated for any reason (other than for Cause or as a result of death) prior to the
Settlement Date, the Participant’s RSU(s) will continue to be eligible for settlement pursuant to paragraph 3. In the event that a holder of RSUs dies prior to the Settlement Date, any RSU credited to such Participant’s Account on the date
of death shall be settled and the Company shall deliver the requisite number of Ordinary B Shares issued from treasury to the Participant’s personal representative as soon as practical following the Participant’s death (but in no event
later than the later of (x) December 31 of the calendar year in which the death occurs and (y) the fifteenth (15th) day of the third month following the date of death). In the event that a holder of RSUs is Terminated for Cause, all
RSUs credited to his or her Account shall be forfeited and cancelled, and the Participant shall receive no compensation for such forfeiture and cancellation. 

	5.	Dividends. In the event of a cash dividend paid by the Company in respect of the Ordinary B Shares as of a record date occurring during the period from the date
of grant of an RSU to the Settlement Date, a number of additional RSUs shall be granted to a Participant who is party to such an Award equal to the greatest number of whole Ordinary B Shares having a Fair Value, as of the payment date for such
dividend, equal to the product of (i) the cash dividend paid with respect to an Ordinary B Share multiplied by (ii) the number of RSUs subject to such Award as of the record date for the dividend. The additional RSUs shall be subject to
the same terms and conditions, including forfeiture and settlement terms, as the corresponding RSUs. 

  

	6.	Withholding. The Company or any Affiliate may withhold from any amount payable to the Participant otherwise than under the Plan, such amount as may be necessary
so as to ensure that the Company and/or its Affiliate, as applicable, will be able to comply with the applicable provisions of any federal, provincial, state or other law relating to the withholding of tax or other required deductions. The Company
and/or any Affiliate, as applicable, shall also have the right in its discretion to satisfy any such liability for withholding by selling as agent for the Participant or requiring the Participant to sell Ordinary B Shares which would otherwise be
delivered to the Participant hereunder. The Company and/or any Affiliate may require the Participant, as a condition to the grant and/or settlement of RSUs, to pay or reimburse, or to indemnify the Company and/or any Affiliate for any such
withholding relating to the settlement of the RSUs. 

  

	7.	Notices. Any notice necessary under this Agreement shall be addressed to the Company in care of the Committee and to the Participant at the address appearing in
the personnel records of the Company or its Affiliates for the Participant or to either party at such other address as either party hereto may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt
thereof by the addressee. 

  

	8.	Governing Law. This Agreement, the Plan and any other agreements or other documents relating to the Plan shall be interpreted and construed in accordance with
the laws of the State of New York, United States of America. 

  

	9.	 Agreement to be Bound by Plan, Management Shareholders’ Agreement and Articles. By entering into this Agreement the Participant
acknowledges that the Participant has received and read a copy of the Plan, the Articles and the Management Shareholders’ Agreement and the Participant agrees to be bound by the terms of this Agreement, the Articles, the Management
Shareholders’ Agreement and the Plan including, without limitation, the covenants contained in Section 15, if applicable, of the Plan relating to confidential information, non-solicitation and non-competition. The Participant further
acknowledges that the Participant may have executed a written contract of employment with the Company or an Affiliate thereof that contains provisions regarding confidential information, non-solicitation and non-competition. Where the Participant
has entered into such an employment agreement, the Participant acknowledges and agrees that such contract of employment was entered into for good and valuable consideration and that the provisions of that contract of employment relating to
confidential information, non-solicitation and non-competition govern and prevail. Each RSU and each Ordinary B Share that may be issued pursuant to the Plan is 

  
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subject to the Plan, the Articles and the Management Shareholders’ Agreement. The terms and provisions of the Plan and the Management Shareholders’ Agreement as each may be amended from
time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan or the Management Shareholders’ Agreement, the applicable terms and
provisions of the Plan or the Management Shareholders’ Agreement will govern and prevail. In the event of a conflict between any term or provision of the Plan and any term or provision of the Management Shareholders’ Agreement, the
applicable terms and provisions of the Management Shareholders’ Agreement will govern and prevail. 

  

	10.	Non-Assignment and Transferability. Unless otherwise determined by the Committee in writing or otherwise provided in the Management Shareholders’ Agreement,
or in any securities pledge agreement in a form approved by the Company or an Affiliate of the Company, and otherwise than by will or by the laws of descent and distribution, neither an RSU nor any other rights or interests of the Participant under
the Plan shall be given as security or assigned or alienated by any Person nor shall an RSU or the Ordinary B Share that may be issued pursuant to the Plan be subject to attachment, charge, anticipation, execution, garnishment, sequestration or
other seizure under any legal or other process. 

  

	11.	Amendment. The Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate this Agreement, but no
such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination shall materially adversely affect the rights of the Participant hereunder without the consent of the Participant; provided, however, that the Committee may
amend this Agreement in such manner as it deems necessary to meet the requirements of applicable laws. 

  

	12.	Personal Information. The Participant consents to the holding and processing of personal data provided by the Participant to the Company or an Affiliate or to
any third party service provider for all purposes relating to the operation of the Plan, including: (i) administering and maintaining records of the Participant; (ii) providing information to the Company (or any Affiliate), their agents
and any third party service providers; (iii) providing information to future purchasers of the Company or any Affiliate, including for greater certainty, the business in which the Participant works; and (iv) transferring information about
the Participant to a country or territory outside his or her home country that may not provide the same statutory protection for the information as the Participant’s home country. 

 

	13.	Binding Agreement. This Agreement shall be binding upon the Participant and the legal representatives of his or her estate and any other person who acquires the
Participant’s rights in respect of a RSUs as provided under the Plan. For greater certainty, in the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan will govern.

  

	14.	Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument. 

  
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	13.	Severability. If any provision of this Agreement or part hereof is determined to be void or unenforceable all or in part, such determination shall not affect the
validity or enforcement of any other provision or part thereof. 

 IN WITNESS WHEREOF, the parties hereto
have executed this Agreement. 
  

			
	6922767 HOLDING (CAYMAN) INC.
		
	By:	 	  

 

			
	The Participant hereby acknowledges and accepts the terms governing the grant of RSU(s) as set out above and confirms and acknowledges that he or she has received, read
and understood the terms of the Plan. The Participant also confirms and acknowledges that he or she has not been induced to enter into this Agreement through duress or by expectation of employment or continued employment with the Company or any
Affiliate.
	
	  

	[Full Name]

  
 - 4 -Form of 2011 Subscription Agreement of 6922767 Holding (Cayman) Inc.

 Exhibit 10.9 
 FORM OF ORDINARY B SHARE 
 SUBSCRIPTION AGREEMENT

 THIS AGREEMENT made effective as of the     day of
                ,         at [Time]. 
 BETWEEN: 
  

	
	[Full Name], an individual residing in [Full Country]
	
	(the “Purchaser”)
	
	OF THE FIRST PART
	
	- and -
	
	6922767 HOLDING (CAYMAN) INC., an exempted company with limited liability incorporated under the laws of the Cayman Islands
	
	(the “Company”)
	
	OF THE SECOND PART
	  
 WHEREAS the Company indirectly owns 100% of CHC Helicopter
LLC (“CHC”);

 AND WHEREAS the Company wishes to provide eligible employees a proprietary interest in the Company
and thereby encourage such employees to perform the duties of their employment to the best of their abilities and to devote their business time and efforts to increase the value of CHC and to facilitate a successful public offering or other
disposition of the shares or other economic interests in CHC; 
 AND WHEREAS the parties hereto have entered into this
Agreement to permit the Purchaser to acquire Shares. 
 NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of
the premises and the terms and conditions herein contained the parties hereto covenant and agree with each other as follows: 

ARTICLE 1 

DEFINITIONS 
  

	1.1	Definitions 

 In this
Agreement, unless the context otherwise requires: 
  

	 	(a)	“Agreement” means this Agreement entitled “Subscription Agreement” as the same may be supplemented or amended from time to time;
“hereof”, “herein”, “hereto”, and “hereunder” and similar expressions mean and refer to this Agreement and not to any particular article or section; 

	 	(b)	“Applicable Law” means any applicable provision of law, domestic or foreign, including, without limitation, applicable securities legislation, together
with all regulations, rules, policy statements, rulings, notices, orders or other instruments promulgated thereunder; 

  

	 	(c)	“Effective Date” means November 11, 2011, or such other date as may be agreed to in writing by the Company and the Purchaser;

  

	 	(d)	“Management Shareholders Agreement” means the shareholder agreement dated as of September 16, 2008 entered into among the Company, the Purchaser
and certain other management employees of CHC or its Affiliates; 

  

	 	(e)	“Purchaser Shares” has the meaning ascribed thereto in Section 2.1; 

 

	 	(f)	“Shares” means Ordinary B Shares in the capital of the Company; and 

 

	 	(g)	“Subscription Price” means US $        per Share. 

Capitalized terms used herein and not otherwise defined have the meaning ascribed thereto in the Management Shareholder Agreement.

  

	1.2	Interpretation 

 In this
Agreement, and in any amendment hereto, except as otherwise expressly provided or unless the context otherwise requires: 
  

	 	(a)	the headings and subheadings inserted in this Agreement are designed for convenience only and do not form a part of this Agreement nor are they intended to interpret,
define or limit the scope, extent or intent of this Agreement or any provision hereof; and 

  

	 	(b)	the word “including” and following any general statement, term or matter, shall not be construed to limit such general statement, term or matter to a
specific item or matter set forth immediately following such word or to similar items or matters, whether or not limiting language (such as “without limitation” or “include but not limited to” or words of similar
import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that could possibly fall within the broadest possible scope of such general statement, term or matter. 

 

	1.3	Construction 

 Words
importing the singular number only shall include the plural and vice versa, and words importing the masculine gender shall include the feminine gender and neuter. 

  
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 ARTICLE 2 
 SUBSCRIPTION AND SHARE ISSUANCE 
  

	2.1	Subscription by Purchaser in respect of Grant 

 The Purchaser hereby irrevocably subscribes for [Subscription Grant] Shares (“Purchaser Shares”) at the Subscription Price and tenders payment in full of the aggregate Subscription
Price. 
  

	2.2	Issuance of Shares 

 As
soon as practicable following receipt of the aggregate Subscription Price in respect of the Purchaser Shares, the Company shall issue the Purchaser Shares, as fully paid and non-assessable, to the Purchaser and cause the Purchaser to be registered
as the holder of such Shares in the share register of the Company. 
 ARTICLE 3 

MANAGEMENT SHAREHOLDER AGREEMENT 
  

	3.1	Execution of Management Shareholder Agreement 

 This subscription is subject to the execution of, and agreement to be bound by, the Management Shareholder Agreement by the Purchaser concurrently herewith. 

ARTICLE 4 

GENERAL MATTERS RELATING 
 TO THE HOLDING OF SHARES 
  

	4.1	Representations and Warranties by Purchaser 

 The Purchaser represents and warrants to the Company that: 
  

	 	(a)	in making this investment decision, the Purchaser is relying on his or her own examination of the Company and the terms of the investment, including the merits and
risks involved. The Purchaser acknowledges that neither the Securities and Exchange Commission (the “SEC”) nor any state or provincial securities commission or foreign securities agency has approved or disapproved of these securities or
passed upon the accuracy or adequacy of the investment, nor is it intended that the SEC or any other such regulatory authority will do so; 

  

	 	(b)	the Purchaser has had the opportunity to ask the Company for and to review, and has received and reviewed, all reasonable additional information considered by the
Purchaser to be necessary to verify the accuracy of or to supplement the information presented to the Purchaser in connection with this Agreement; 

  

	 	(c)	the Purchaser is (i) a sophisticated investor and is familiar with the business and current financial condition of CHC, (ii) has such knowledge of financial
and business affairs as to be capable of evaluating the merits and risks of an investment in the Purchaser Shares and (iii) is able to bear the economic risk of a loss of the entire investment in such Purchaser Shares; 

  
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	 	(d)	the Purchaser has (i) been advised and understands that any investment in the Purchaser Shares is illiquid and involves a high degree of risk; and (ii) no
need for liquidity in this investment; 

  

	 	(e)	the Purchaser has read, understands and is fully familiar with this Agreement and the constating documents of the Company, has received no solicitation or general
advertisements and has attended no seminar or other public promotional meeting relating to investments in the Purchaser Shares; 

  

	 	(f)	the Purchaser has the capacity to enter into and give full effect to this Agreement; 

 

	 	(g)	the Purchaser is subscribing for the Purchaser Shares voluntarily and has not been induced to so subscribe by expectation of employment or continued employment with the
Company or an Affiliate of the Company; 

  

	 	(h)	this Agreement has been duly executed and delivered by the Purchaser; 

  

	 	(i)	this Agreement constitutes a legal, valid and binding obligation enforceable against the Purchaser in accordance with its terms; 

 

	 	(j)	the Purchaser will, upon acceptance by the Company of his or her payment of the aggregate Subscription Price, be the sole legal and beneficial owner of the Purchaser
Shares; and 

  

	 	(k)	the Purchaser has had the opportunity to consult his or her own attorney, financial advisor and tax advisor as to legal, financial or tax advice related to this
Agreement. 

  

	4.2	Additional Notices to Purchaser 

  

	 	(a)	The Purchaser Shares are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the Securities Act of
1933, as amended (the “Securities Act”) and applicable state and provincial securities law. 

  

	 	(b)	The offer and sale of Purchaser Shares contemplated hereby is made in reliance upon exemptions from registration under the Securities Act, and exemptions from the
prospectus requirements of other applicable provincial and foreign securities legislation. 

  

	4.3	No Transfer or Encumbrance Except in Compliance with this Agreement 

 The Purchaser Shares may not be directly or indirectly Transferred except as expressly permitted in this Agreement and in the Management Shareholders Agreement. 

 

	4.4	Share Certificates 

 The
Purchaser will not receive certificates with respect to Purchaser Shares. 

  
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 ARTICLE 5 
 GENERAL 
  

	5.1	Applicable Law 

 This
Agreement shall be construed and governed by the laws of the State of New York, United States of America and the parties hereto agree to attorn to the non-exclusive jurisdiction of the courts of the New York, United States of America. 

 

	5.2	Not a Contract of Employment 

 The Purchaser’s subscription for Purchaser Shares pursuant to this Agreement is entirely voluntary and not obligatory and shall not be interpreted as conferring upon the Purchaser any rights or
privileges other than those rights and privileges expressly provided in this Agreement. Without limiting the generality of the foregoing, nothing herein contained shall be deemed to give the Purchaser or any other person, whether or not in the
employ of CHC, any right to continue in the employment of the Company, CHC or an affiliate of either, nor to interfere with the right of the Company, CHC or an affiliate of either, to terminate the employment of the Purchaser at any time. Similarly,
nothing in this Agreement or the Purchaser’s opportunity to subscribe for the Purchaser Shares shall be construed to provide the Purchaser with any rights whatsoever to subscribe for additional Shares in the future. 

 

	5.3	Severability 

 Each
provision of this Agreement is intended to be severable. If any provision hereof is illegal, invalid or unenforceable, such provision shall be deemed to be severed and deleted therefrom and such illegality, invalidity or unenforceability shall not
in any manner affect the validity or enforceability of the remainder hereof. 
  

	5.4	Currency 

 All references
herein to currency shall unless otherwise noted be references to currency of the United States, and all payments contemplated herein shall be made by cash, certified cheque or wire transfer of immediately available funds. 

 

	5.5	Taxes 

 Neither the
Company nor any Affiliate of the Company (which for the purposes of this Agreement includes their respective directors, officers and employees) shall have any liability for: (i) the income or other tax consequences to the Purchaser arising from
the purchase and issuance of the Purchaser Shares; or (ii) any change in the value of the Purchaser Shares or the Company. 
  

	5.6	Entire Agreement 

 This
Agreement and the Management Shareholders Agreement constitute the entire agreement between the parties hereto with regard to the subject matter hereof and supersedes all prior agreements, understandings, representations or warranties, negotiations
and discussions, whether oral or written, among the parties hereto with respect thereto and supersedes and replaces all other agreements relating to the Purchaser Shares. 

  
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	5.7	Time of Essence 

 Time
shall be of the essence of this Agreement and of every part hereof and no extension or variation of this Agreement shall operate as a waiver of this provision. 
  

	5.8	Separate Counterparts 

This Agreement may be executed by facsimile by the parties hereto in separate counterparts, each of which when so executed and delivered
shall be or shall be deemed an original, and all such counterparts shall together constitute one and the same instrument. 
  

	5.9	Amendments 

 No amendment,
supplement, modification, waiver or termination of this Agreement shall be binding on the parties unless same is in writing and signed by the Company and the Purchaser. 

 

	5.10	Compliance with Applicable Law 

 The issuance of any Shares by the Company pursuant to this Agreement or the obligation of the Company to provide any Shares is subject to compliance with Applicable Law. The Purchaser agrees to comply
with all such Applicable Law and agrees to furnish to the Company all information and undertakings as may be required to permit compliance with Applicable Law. 
  

	5.11	Further Assurances 

 The
parties shall with reasonable diligence do all such things and provide all such reasonable assurances as may be required to consummate the transactions contemplated by this Agreement. Each party shall provide and execute such further documents or
instruments as may be reasonably required by any other party, exercise its influence and do and perform or cause to be done or performed such further and other acts as may be reasonably necessary or desirable to effect the purpose of and to carry
out the provisions of this Agreement. 
  

	5.12	Assignability 

 Neither
this Agreement nor any rights or obligations of any of the Purchaser under this Agreement may be assigned by the Purchaser without the prior written consent of the Company. 

 

	5.13	Binding Effect 

 This
Agreement shall enure to the benefit of and shall be binding upon the parties hereto and their respective heirs, executors, administrators, successors and permitted assigns. 

  
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 IN WITNESS WHEREOF the parties hereto have duly executed this Agreement as of the
date and year first above written. 
  

			
	By:	 	  

		 	[Full Name]
	
	6922767 HOLDING (CAYMAN) INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
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