Document:

Exhibit 10.11

  

   

    EXECUTION VERSION

     

    FINANCED CONDITIONAL NOVATION AGREEMENT

     

    THIS FINANCED CONDITIONAL NOVATION AGREEMENT, dated as of January 23, 2020 (this “Agreement”) is entered into among BRISTOW GROUP INC., a Delaware corporation (“Transferor”), ERA GROUP
      INC., a Delaware corporation (“Transferee”), and PK AIRFINANCE S.À R.L., a company organized and existing under the applicable laws of Luxembourg, having its registered office at 6-d route de Trèves, L-2633 Senningerberg, Luxembourg, in its
      capacity as security trustee (the “Remaining Party”) under the Credit Agreement (as defined below).

     

    RECITALS

     

    WHEREAS, Transferor executed and delivered to the Remaining Party that certain Guarantee, dated as of July 17, 2017 (as amended, restated, amended and
      restated, supplemented or otherwise modified from time to time, the “Guarantee”), which is set forth in Schedule 1 hereto and was made in respect of that certain Credit Agreement of even date therewith (as amended, restated, amended and
      restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Bristow Equipment Leasing Ltd., as the borrower, PK AirFinance S.à r.l,, as agent, the Remaining Party, as security trustee, and the financial
      institutions named therein as lenders in respect of the financing or refinancing, as the case may be, of the Aircraft listed in Schedule 2 hereto (capitalized words used herein and not otherwise defined having the meanings assigned to such terms in
      the Guarantee).

     

    WHEREAS, upon the consummation of that certain Agreement and Plan of Merger of even date herewith by and among Transferee, Ruby Redux Merger Sub, Inc., a
      Delaware corporation (“Merger Sub”), and Transferor (the “Merger Agreement”), each of Transferor and Transferee desires that the Remaining Party (acting on the instructions of all of the Lenders) (1) waives compliance with the
      requirements of Section 4.6 of the Guarantee, and (2) agrees in accordance with Section 8.4 of the Guarantee, and in consideration for such waiver and agreement and other valuable consideration, that Transferor transfer by novation to Transferee, and
      Transferee accept (on the terms set forth herein) the transfer by novation of, all the rights, duties, liabilities and obligations of Transferor under and in respect of the Guarantee, in exchange for Transferee’s assumption of the same duties,
      liabilities and obligations; and

     

    WHEREAS, the parties hereto desire to enter into this Agreement as of the date hereof (the “Effective Date”) prior to the date of the consummation of
      the transaction contemplated by the Merger Agreement (the “Novation Date”), in order to establish the process for and conditions under which such novation shall occur;

     

    NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby irrevocably agree
      as follows:

     

    1.    Novation and Transfer. With effect from and including the Novation Date:

     

    	

          	a.	
            Transferor transfers by novation to Transferee, and Transferee accepts the transfer by novation of, all the rights, duties, liabilities and obligations of Transferor, regardless of whether such rights, duties,
              liabilities or obligations occurred or existed prior to, or occur or exist after, the Novation Date, and the Remaining Party accepts Transferee as its sole counterparty with respect to the Guarantee as if Transferee was named as the Guarantor
              therein on the date the Guarantee was entered into.

          

     

    	

          	b.	
            Transferee hereby agrees to be bound by the Guarantee in accordance with its terms and conditions as if Transferee had at all times been a party to the Guarantee in place of Transferor.

          

     

    

    
      - 1 - 

      
        

    

    	

          	c.	
            Transferee hereby (i) makes all recitals, representations, warranties, covenants (including, for the avoidance of doubt, Sections 4.9 and 4.10 of the Guarantee) and agreements made by Transferor in, and (ii)
              assumes and agrees to perform all obligations, duties, and liabilities of Transferor under (including all such obligations, duties and liabilities arising prior to the Novation Date), the Guarantee as if Transferee had at all times been a
              party to the Guarantee as the Guarantor.

          

     

    	

          	d.	
            Transferor and the Remaining Party each releases and discharges the other from further obligations or liabilities under or with respect to the Guarantee (to the extent arising under the Guarantee) and their
              respective rights against each other thereunder are cancelled.

          

     

    	

          	e.	
            The Guarantee shall be deemed novated and constitute a guaranty and indemnity given by the Transferee to the Remaining Party on the terms set forth therein.

          

     

    	

          	f.	
            For all purposes of the Credit Agreement and each other Loan Document that incorporates the definitions of the Credit Agreement, the “Guarantor” shall mean Transferee.

          

     

    2.    Conditions to Effective Date and Novation Date; Effectiveness Under Guarantee.

     

    	

          	a.	
            The Effective Date of this Agreement is subject to the receipt by the parties hereto of counterparts of this Agreement executed by Transferor, Transferee and the Remaining Party.

          

     

    	

          	b.	
            The Novation Date of this Agreement is subject to the occurrence of the Effective Date, the consummation of the Merger Agreement, and the satisfaction (or waiver) of the following conditions precedent:

          

     

    	

          	i.	
            Receipt by the Remaining Party of a certificate signed by the officer of Transferee certifying as to the consummation and effectiveness of the Merger Agreement and the satisfaction of the conditions to the
              occurrence of the Novation Date, and certifying that all approvals, consents, orders, or authorizations of, or filings or registrations with, any Governmental Authority or any third party necessary for the effectiveness of the transactions
              contemplated hereby, or the legality, validity, binding effect or enforceability of the Transferee’s obligations hereunder (except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting
              the enforcement of creditors’ rights generally and by general principles of equity), have been obtained or made;

          

     

    	

          	ii.	
            The absence of any action or proceeding or governmental action having been instituted or threatened in writing before any court or governmental authority, or any order, judgment, or decree having been issued or
              proposed in writing to be issued by any court or governmental authority on the Novation Date to set aside, restrain, enjoin or prevent the transactions contemplated hereby; and

          

     

    	

          	iii.	
            Receipt by the Remaining Party of an incumbency certificate or equivalent corporate authority of the Transferee naming the persons authorized to execute this Agreement and certifying as to such authority, and
              an opinion of Transferee’s counsel confirming that the Guarantee is the legal, valid and binding obligation of Transferee, enforceable against Transferee, in accordance with its terms and otherwise in form and substance reasonably acceptable
              to the Remaining Party (with reasonable and customary assumptions and qualifications).

          

     

    

    
      - 2 - 

      
        

    

    3.    Representations and Warranties. By their execution hereof, Transferor and Transferee (for the purposes of this Section,
      each a “Novation Party”) hereby represent and warrant to the Remaining Party as follows:

     

    	

          	a.	
            Each such Novation Party is duly organized and validly existing under the laws of the jurisdiction of its organization or incorporation and, if relevant under such laws, in good standing;

          

     

    	

          	b.	
            Such Novation Party has the right, power and authority and has taken all necessary corporate or other action to authorize the execution, delivery and performance of this Agreement in accordance with its terms;
              and

          

     

    	

          	c.	
            This Agreement has been duly executed and delivered by its duly authorized officers, and constitutes the legal, valid and binding obligation of such Novation Party, enforceable in accordance with its terms,
              except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors’ rights in general and the
              availability of equitable remedies.

          

     

    4.    Miscellaneous.

     

    	

          	a.	
            Acknowledgment. The Remaining Party acknowledges that Transferor will merge with Merger Sub on the Novation Date; but Transferee will not be party to such merger and, as a consequence of the occurrence
              of the Novation Date, Transferee will be bound by the Guarantee, so the merger of Transferor and Merger Sub will not require compliance with Section 4.6 of the Guarantee, and, to the extent compliance is required by Section 4.6 of the
              Guarantee because such merger is a condition precedent to the Novation Date, the Remaining Party (acting on the instructions of all of the Lenders), pursuant to Section 8.4 of the Guarantee, hereby waives Transferor’s compliance with the
              requirements of such Section.

          

     

    	

          	b.	
            Governing Law; Jurisdiction. This Agreement shall be construed in accordance with and be governed by the law (without giving effect to the conflict of law principles thereof other than Section 5-1401 and
              5-1402 of the New York General Obligations Law) of the State of New York. Without limiting the foregoing, the terms of Sections 9.2 to 9.4 (including the appointment by the Guarantor of an agent by the Transferee as its agent for the service
              of process in New York with respect to any dispute arising out of or relating to this Agreement) are hereby incorporated herein by reference, mutatis mutandis.

          

     

    	

          	c.	
            Counterparts; Electronic Execution. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of
              which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed
              counterpart of this Agreement.

          

     

    	

          	d.	
            Severability. If any provision of this Amendment is determined to be illegal, invalid or unenforceable, such provision shall be fully severable and the remaining provisions shall remain in full force and
              effect and shall be construed without giving effect to the illegal, invalid or unenforceable provisions.

          

     

    

    
      - 3 - 

      
        

    

    	

          	e.	
            Loan Document. This Agreement shall constitute a “Loan Document” under and as defined in the Credit Agreement or other Loan Document that incorporates the defined terms of the Credit Agreement.

          

     

    	

          	f.	
            Entirety. This Agreement represent the entire agreement of the parties hereto, and supersede all prior agreements and understandings, oral or written, if any, including any commitment letters or
              correspondence relating to the transactions contemplated herein.

          

     

    	

          	g.	
            Further Assurances. Each party hereto agrees to take such further actions and to execute, acknowledge and deliver all such further documents as are reasonably requested by another party for carrying out
              the purposes of this Agreement.

          

     

    	

          	h.	
            Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns.

          

     

    	

          	i.	
            Amendment. This Agreement may be amended or modified only by an agreement in writing executed by all Parties and expressly identified as an amendment or modification.

          

     

    	

          	j.	
            Third Parties. The provisions of Section 1.3 of the Guarantee are hereby incorporated herein by reference, mutatis mutandis.

          

     

    [Remainder of page intentionally blank]

     

    
      - 4 - 

      
        

    

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

    

    

    	 	
            TRANSFEROR:

          
	 	 
	 	
            BRISTOW GROUP INC.

          
	 	 
	 	
            By:

          	
            /s/ Brian J. Allman

          	 
	 	
            Name: Brian J. Allman

          
	 	
            Title: Senior Vice President and Chief Fiancial Officer

          

    

    

    	 	
            TRANSFEREE:

          
	 	 
	 	
            ERA GROUP INC.

          
	 	 
	 	
            By:

          	
            /s/ Christopher S. Bradshaw

          	 
	 	
            Name: Christopher S. Bradshaw

          
	 	
            Title: President & Chief Executive Officer

          

    

    

    	 	
            REMAINING PARTY:

          
	 	 
	 	
            PK AIRFINANCE S.À R.L.,

          
	 	
              as Security Trustee

          
	 	 
	 	
            By:

          	
            /s/ Yvonne Chenery

          	 
	 	
            Name: Yvonne Chenery

          
	 	
            Title: SVP Contracts

          
	 	 
	 	
            By:

          	
            /s/ Frank Withofs

          	 
	 	
            Name: Frank Withofs

          
	 	
            Title: Treasurer, SVP Portfolio Manager

          

    

    

    Signature Page to Conditional Novation Agreement

    

    

    
      
        

    

    SCHEDULE

      GUARANTEE

     

    
      - 6 - 

      
        

    

    SCHEDULE 2

      AIRCRAFT

     

    	
            No.

          	
            MSN

          	
            Model No.

             

            

          	
            Borrower

          
	
            1. 

            

          	
            31310

          	
            AW139

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            2. 

            

          	
            31583

          	
            AW139

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            3.

            

          	
            41339

          	
            AW139

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            4. 

            

          	
            41370

          	
            AW139

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            5. 

            

          	
            41378

          	
            AW139

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            6. 

            

          	
            761044

          	
            S-76D

              

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            7. 

            

          	
            761045

          	
            S-76D

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            8. 

            

          	
            761046

          	
            S-76D

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            9. 

            

          	
            761070

          	
            S-76D

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            0. 

            

          	
            761071

          	
            S-76D

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            1.

            

          	
            920011

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            2. 

            

          	
            920012

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            3. 

            

          	
            920025

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            4.

            

          	
            920065

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            5. 

            

          	
            920066

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            6.

            

          	
            920068

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            7. 

            

          	
            920070

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            8. 

            

          	
            920075

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            9. 

            

          	
            920082

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            10. 

            

          	
            920103

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            11. 

            

          	
            920124

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            12.

            

          	
            920159

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            13. 

            

          	
            920221

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          
	
            14. 

            

          	
            920228

          	
            S-92A

             

            

          	
            Bristow Equipment Leasing Ltd.

          

    

    

  

  
    - 7 - 

    
      

  

  
    Execution Version

    

    

    CONDITIONAL NOVATION AGREEMENT

     

    THIS CONDITIONAL NOVATION AGREEMENT, dated as of May 29, 2020 (this “Agreement”), is entered into among BRISTOW GROUP INC., a Delaware corporation (“Transferor”),
      ERA GROUP INC., a Delaware corporation (“Transferee”), BRISTOW AIRCRAFT LEASING LIMITED, a company limited by shares incorporated under the law of England and Wales, as the borrower (“Borrower”), LOMBARD
      NORTH CENTRAL PLC, in its capacity as administrative agent for the Lenders under the Credit Agreement (as hereafter defined) (“Administrative Agent”), LOMBARD NORTH CENTRAL PLC, in its capacity as security trustee for the Lenders under the
      Credit Agreement (as hereinafter defined) (“Security Trustee”), and LOMBARD NORTH CENTRAL PLC, as sole lender (“Sole Lender”; the Administrative Agent, Security Trustee, and Sole Lender, collectively the “Remaining
        Party”).

     

    RECITALS

     

    WHEREAS, Transferor executed and delivered to the Remaining Party that certain Guaranty, dated as of January 20, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified
      from time to time, the “Guaranty”), which is made in respect of that certain Term Loan Credit Agreement, dated as of November 11, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit
        Agreement”), among Borrower, Administrative Agent, Security Trustee, and the financial institutions named therein as lenders (capitalized words used herein but not otherwise defined have the meaning assigned to such terms in the Guaranty);

     

    WHEREAS, upon the consummation of that certain Agreement and Plan of Merger, dated January 23, 2020, by and among Transferee, Ruby Redux Merger Sub, Inc., a Delaware corporation (“Merger Sub”),
      and Transferor (the “Merger Agreement”), Transferor desires to transfer by novation to Transferee, and Transferee agrees to accept (on the terms set forth herein) the transfer by novation of all the rights and obligations of Transferor under
      and in respect of the Guaranty, in exchange for Transferee’s assumption of the same obligations; and

     

    WHEREAS, the parties hereto desire to enter into this Agreement as of the date hereof (the “Effective Date”) prior to the date of the consummation of the transaction contemplated by the Merger
      Agreement (the “Novation Date”), in order to establish the process for and conditions under which such novations shall occur;

     

    NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby irrevocably agree as follows:

     

    	

          	1.	
            Novation and Transfer.  With effect from and including the Novation Date:

          

     

    	

          	a.	
            Transferor transfers by novation to Transferee, and Transferee accepts the transfer by novation of all the rights, duties and obligations of Transferor, and the Remaining Party accepts Transferee as its sole counterparty with respect the
              Guaranty.

          

     

    	

          	b.	
            Transferee hereby agrees to be bound by the Guaranty in accordance with its terms and conditions as if Transferee had at all times been a party to the Guaranty in place of Transferor.

          

     

    	

          	c.	
            Transferee hereby (i) makes all representations, warranties, covenants and agreements made by Transferor in, and (ii) assumes all obligations, duties, and liabilities of Transferor under (including
              all such obligations, duties and liabilities arising prior to the Novation Date) the Guaranty as if Transferee had at all times been a party to the Guaranty.

          

     

    
      
        

    

    
    	

          	d.	
            Transferor and the Remaining Party each releases and discharges the other from further obligations or liabilities under or with respect to the Guaranty (to the extent arising under the Guaranty) and their respective rights against each
              other thereunder are cancelled.

          

     

    	

          	e.	
            For all purposes of the Credit Agreement and the other Loan Documents, the “Guarantor” shall mean Transferee.

          

     

    	

          	2.	
            Conditions to Effective Date and Novation Date; Effectiveness Under Guaranty.

          

     

    	

          	a.	
            The Effective Date of this Agreement is subject to the receipt by the parties hereto of counterparts of this Agreement executed by Transferor, Transferee and the Remaining Party.

          

     

    	

          	b.	
            The Novation Date of this Agreement is subject to the occurrence of the Effective Date, the consummation of the Merger Agreement, and the satisfaction (or waiver) of the following conditions precedent:

          

     

    	

          	i.	
            Receipt by the Administrative Agent of a certificate signed by the officer of Transferee certifying as to the consummation and effectiveness of the Merger Agreement; and

          

     

    	

          	ii.	
            Receipt by the Administrative Agent of an opinion of Transferee’s counsel confirming that the Guaranty is the legal, valid and binding obligation of Transferee, enforceable against Transferee in accordance with its terms and otherwise in
              form and substance reasonably acceptable to the Remaining Party (with reasonable and customary assumptions and qualifications).

          

     

    	

          	3.	
            Representations and Warranties.

          

     

    	

          	a.	
            By its execution hereof, each of Transferor, Transferee, Borrower, Administrative Agent, Security Trustee and Sole Lender (for the purposes of this Section, each a “Novation Party”) hereby represents and warrants to the other
              parties hereto, on the Effective Date and Novation Date, as follows:

          

     

    	

          	i.	
            Each such Novation Party is duly organized and validly existing under the laws of the jurisdiction of its organization or incorporation and, if relevant under such laws, in good standing;

          

     

    	

          	ii.	
            Such Novation Party has the right, power and authority and has taken all necessary corporate or other action to authorize the execution, delivery and performance of this Agreement in accordance with its terms; and

          

     

    	

          	iii.	
            This Agreement has been duly executed and delivered by its duly authorized officer, and constitutes the legal, valid and binding obligation of such Novation Party, enforceable in accordance with its terms, except as such enforceability may
              be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors’ rights in general and the availability of equitable
              remedies.

          

     

    
      2

      
        

    

    	

          	b.	
            By its execution hereof, the Administrative Agent represents and warrants to Transferor and Transferee, on the Effective Date and Novation Date, that Lender is the sole Lender under the Credit Agreement and no additional Lender consent is
              required to amend the Credit Agreement, to release Transferor under the Guaranty, to novate the Guaranty to Transferee, or to take any other action contemplated by this Agreement.

          

     

    	

          	4.	
            Miscellaneous.

          

     

    	

          	a.	
            Acknowledgment.  Each Remaining Party acknowledges that Transferor will merge with Merger Sub on the Novation Date; but Transferee will not be party to such merger and, as a consequence of the occurrence of the Novation Date,
              Transferee will be bound by the Guaranty, so the merger of Transferor and Merger Sub will not require compliance with Section 10 of the Guaranty, and, to the extent compliance is required by Section 10 of the Guaranty because such merger is a
              condition precedent to the Novation Date, the applicable Remaining Party hereby confirms Transferor's compliance with the requirements of such Section.

          

     

    	

          	b.	
            Governing Law; Jurisdiction.  This Agreement shall be construed in accordance with and be governed by the law (without giving effect to the conflict of law principles thereof other than Section 5-1401 and 5-1402 of the New York
              General Obligations Law) of the State of New York.  Without limiting the foregoing, the terms of Sections 9.2 and 9.3 of the Guaranty shall be incorporated herein by reference, mutatis mutandis.

          

     

    	

          	c.	
            Counterparts; Electronic Execution.  This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall
              constitute a single contract.  Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Agreement.

          

     

    	

          	d.	
            Severability.  If any provision of this Amendment is determined to be illegal, invalid or unenforceable, such provision shall be fully severable and the remaining provisions shall remain in full force and effect and shall be
              construed without giving effect to the illegal, invalid or unenforceable provisions.

          

     

    	

          	e.	
            Loan Document.  This Agreement shall constitute a “Loan Document” under and as defined in the Credit Agreement.

          

     

    	

          	f.	
            Entirety.  This Agreement represents the entire agreement of the parties hereto, and supersede all prior agreements and understandings, oral or
              written, if any, including any commitment letters or correspondence relating to the transactions contemplated herein.

          

     

    	

          	g.	
            Further Assurances.  Each party hereto agrees to take such further actions and to execute, acknowledge and deliver all such further documents as are reasonably requested by another party for carrying out the purposes of this
              Agreement.

          

     

    	

          	h.	
            Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns.

          

     

    	

          	i.	
            Amendment.  This Agreement may be amended or modified only by an agreement in writing executed by all Parties and expressly identified as an amendment
              or modification.

          

     

    
      3

      
        

    

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

     

    	 	
            TRANSFEROR:

          
	 	 
	 	
            BRISTOW GROUP INC.

          
	 	 
	 	
            By:

          	
            /s/ Geoffrey L. Carpenter

          	 
	 	
            Name: Geoffrey L. Carpenter

          
	 	
            Title:   Vice President and Treasurer

          
	 	 
	 	
            BORROWER:

          
	 	 
	 	
            BRISTOW AIRCRAFT LEASING LIMITED

          
	 	
            as BORROWER

          
	 	 	 
	 	
            By:

          	
            /s/ Geoffrey L. Carpenter

          	 
	 	
            Name: Geoffrey L. Carpenter

          
	 	
            Title:   Manager

          

    

    

    Signature Page to Conditional Novation Agreement – Lombard (BALL)

    

    

    
      
        

    

    	 	
            TRANSFEREE:

          
	 	 
	 	
            ERA GROUP INC.

          
	 	 
	 	
            By:

          	
            /s/ Chris Bradshaw

          	 
	 	
            Name: Chris Bradshaw

          
	 	
            Title: President & CEO

          

    

    

    Signature Page to Conditional Novation Agreement – Lombard (BALL)

    

    

    
      
        

    

    	 	
            REMAINING PARTY:

          
	 	 
	 	
            LOMBARD NORTH CENTRAL PLC,

          
	 	
            as SECURITY TRUSTEE

          
	 	 
	 	
            By:

          	
            /s/ Richard Waters

          	 
	 	
            Name: Richard Waters

          
	 	
            Title: Attorney

          
	 	 
	 	
            LOMBARD NORTH CENTRAL PLC,

          
	 	
            as ADMINISTRATIVE AGENT

          
	 	 
	 	
            By:

          	
            /s/ Richard Waters

          	 
	 	
            Name: Richard Waters

          
	 	
            Title: Attorney

          
	 	 
	 	
            LOMBARD NORTH CENTRAL PLC,

          
	 	
            as SOLE LENDER

          
	 	 
	 	
            By:

          	
            /s/ Richard Waters

          	 
	 	
            Name: Richard Waters

          
	 	
            Title: Attorney

          

    

    

    Signature Page to Conditional Novation Agreement – Lombard (BALL)

    

    

    
      
        

    

    
      Execution Version

      

      

      CONDITIONAL NOVATION AGREEMENT

       

      THIS CONDITIONAL NOVATION AGREEMENT, dated as of May 29, 2020 (this “Agreement”), is entered into among BRISTOW GROUP INC., a Delaware corporation (“Transferor”),
        ERA GROUP INC., a Delaware corporation (“Transferee”), BRISTOW U.S. LEASING LLC, a Delaware limited liability company (“Borrower”), LOMBARD NORTH CENTRAL PLC, in its capacity as administrative agent for the Lenders under the Credit
        Agreement (as hereafter defined) (“Administrative Agent”), LOMBARD NORTH CENTRAL PLC, in its capacity as security trustee  for the Lenders under the Credit Agreement (as hereinafter defined) (“Security Trustee”), and LOMBARD NORTH
        CENTRAL PLC, as sole lender (“Sole Lender”; the Administrative Agent, Security Trustee, and Sole Lender, collectively the “Remaining Party”).

       

      RECITALS

       

      WHEREAS, Transferor executed and delivered to the Remaining Party that certain Guaranty, dated as of December 19, 2016 (as amended, restated, amended and restated, supplemented or otherwise
        modified from time to time, the “Guaranty”), which is made in respect of that certain Term Loan Credit Agreement, dated as of November 11, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to
        time, the “Credit Agreement”), among Borrower, Administrative Agent, Security Trustee, and the financial institutions named therein as lenders (capitalized words used herein but not otherwise defined have the meaning assigned to such terms
        in the Guaranty);

       

      WHEREAS, upon the consummation of that certain Agreement and Plan of Merger, dated January 23, 2020, by and among Transferee, Ruby Redux Merger Sub, Inc., a Delaware corporation (“Merger Sub”),
        and Transferor (the “Merger Agreement”), Transferor desires to transfer by novation to Transferee, and Transferee agrees to accept (on the terms set forth herein) the transfer by novation of all the rights and obligations of Transferor under
        and in respect of the Guaranty, in exchange for Transferee’s assumption of the same obligations; and

       

      WHEREAS, the parties hereto desire to enter into this Agreement as of the date hereof (the “Effective Date”) prior to the date of the consummation of the transaction contemplated by the
        Merger Agreement (the “Novation Date”), in order to establish the process for and conditions under which such novations shall occur;

       

      NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby irrevocably agree as follows:

       

      	

            	1.	
              Novation and Transfer.  With effect from and including the Novation Date:

            

       

      	

            	a.	
              Transferor transfers by novation to Transferee, and Transferee accepts the transfer by novation of all the rights, duties and obligations of Transferor, and the Remaining Party accepts Transferee as its sole counterparty with respect the
                Guaranty.

            

       

      	

            	b.	
              Transferee hereby agrees to be bound by the Guaranty in accordance with its terms and conditions as if Transferee had at all times been a party to the Guaranty in place of Transferor.

            

       

      	

            	c.	
              Transferee hereby (i) makes all representations, warranties, covenants and agreements made by Transferor in, and (ii) assumes all obligations, duties, and liabilities of Transferor under
                (including all such obligations, duties and liabilities arising prior to the Novation Date) the Guaranty as if Transferee had at all times been a party to the Guaranty.

            

       

      
        
          

      

      
      	

            	d.	
              Transferor and the Remaining Party each releases and discharges the other from further obligations or liabilities under or with respect to the Guaranty (to the extent arising under the Guaranty) and their respective rights against each
                other thereunder are cancelled.

            

       

      	

            	e.	
              For all purposes of the Credit Agreement and the other Loan Documents, the “Guarantor” shall mean Transferee.

            

       

      	

            	2.	
              Conditions to Effective Date and Novation Date; Effectiveness Under Guaranty.

            

       

      	

            	a.	
              The Effective Date of this Agreement is subject to the receipt by the parties hereto of counterparts of this Agreement executed by Transferor, Transferee and the Remaining Party.

            

       

      	

            	b.	
              The Novation Date of this Agreement is subject to the occurrence of the Effective Date, the consummation of the Merger Agreement, and the satisfaction (or waiver) of the following conditions precedent:

            

       

      	

            	i.	
              Receipt by the Administrative Agent of a certificate signed by the officer of Transferee certifying as to the consummation and effectiveness of the Merger Agreement; and

            

       

      	

            	ii.	
              Receipt by the Administrative Agent of an opinion of Transferee’s counsel confirming that the Guaranty is the legal, valid and binding obligation of Transferee, enforceable against Transferee in accordance with its terms and otherwise in
                form and substance reasonably acceptable to the Remaining Party (with reasonable and customary assumptions and qualifications).

            

       

      	

            	3.	
              Representations and Warranties.

            

       

      	

            	a.	
              By its execution hereof, each of Transferor, Transferee, Borrower, Administrative Agent, Security Trustee and Sole Lender (for the purposes of this Section, each a “Novation Party”) hereby represents and warrants to the other
                parties hereto, on the Effective Date and Novation Date, as follows:

            

       

      	

            	i.	
              Each such Novation Party is duly organized and validly existing under the laws of the jurisdiction of its organization or incorporation and, if relevant under such laws, in good standing;

            

       

      	

            	ii.	
              Such Novation Party has the right, power and authority and has taken all necessary corporate or other action to authorize the execution, delivery and performance of this Agreement in accordance with its terms; and

            

       

      	

            	iii.	
              This Agreement has been duly executed and delivered by its duly authorized officer, and constitutes the legal, valid and binding obligation of such Novation Party, enforceable in accordance with its terms, except as such enforceability
                may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors’ rights in general and the availability of equitable
                remedies.

            

       

      

      
        2

        
          

      

      	

            	b.	
              By its execution hereof, the Administrative Agent represents and warrants to Transferor and Transferee, on the Effective Date and Novation Date, that Lender is the sole Lender under the Credit Agreement and no additional Lender consent
                is required to amend the Credit Agreement, to release Transferor under the Guaranty, to novate the Guaranty to Transferee, or to take any other action contemplated by this Agreement.

            

       

      	

            	4.	
              Miscellaneous.

            

       

      	

            	a.	
              Acknowledgment.  Each Remaining Party acknowledges that Transferor will merge with Merger Sub on the Novation Date; but Transferee will not be party to such merger and, as a consequence of the occurrence of the Novation Date,
                Transferee will be bound by the Guaranty, so the merger of Transferor and Merger Sub will not require compliance with Section 10 of the Guaranty, and, to the extent compliance is required by Section 10 of the Guaranty because such merger is
                a condition precedent to the Novation Date, the applicable Remaining Party hereby confirms Transferor's compliance with the requirements of such Section.

            

       

      	

            	b.	
              Governing Law; Jurisdiction.  This Agreement shall be construed in accordance with and be governed by the law (without giving effect to the conflict of law principles thereof other than Section 5-1401 and 5-1402 of the New York
                General Obligations Law) of the State of New York.  Without limiting the foregoing, the terms of Sections 9.2 and 9.3 of the Guaranty shall be incorporated herein by reference, mutatis mutandis.

            

       

      	

            	c.	
              Counterparts; Electronic Execution.  This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together
                shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this
                Agreement.

            

       

      	

            	d.	
              Severability.  If any provision of this Amendment is determined to be illegal, invalid or unenforceable, such provision shall be fully severable and the remaining provisions shall remain in full force and effect and shall be
                construed without giving effect to the illegal, invalid or unenforceable provisions.

            

       

      	

            	e.	
              Loan Document.  This Agreement shall constitute a “Loan Document” under and as defined in the Credit Agreement.

            

       

      	

            	f.	
              Entirety.  This Agreement represents the entire agreement of the parties hereto, and supersede all prior agreements and understandings, oral or
                written, if any, including any commitment letters or correspondence relating to the transactions contemplated herein.

            

       

      	

            	g.	
              Further Assurances.  Each party hereto agrees to take such further actions and to execute, acknowledge and deliver all such further documents as are reasonably requested by another party for carrying out the purposes of this
                Agreement.

            

       

      	

            	h.	
              Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns.

            

       

      	

            	i.	
              Amendment.  This Agreement may be amended or modified only by an agreement in writing executed by all Parties and expressly identified as an amendment
                or modification.

            

       

      
        3

        
          

      

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

       

      	 	
              TRANSFEROR:

            
	 	 
	 	
              BRISTOW GROUP INC.

            
	 	 
	 	
              By:

            	
              /s/ Geoffrey L. Carpenter

            	 
	 	
              Name: Geoffrey L. Carpenter

            
	 	
              Title:   Vice President and Treasurer

            
	 	 
	 	
              BORROWER:

            
	 	 
	 	
              BRISTOW U.S. LEASING LLC

            
	 	
              as BORROWER

            
	 	 	 	 
	 	
              By:

            	
              /s/ Geoffrey L. Carpenter

            	 
	 	
              Name: Geoffrey L. Carpenter

            
	 	
              Title:   Manager

            

      

      

      Signature Page to Conditional Novation Agreement – Lombard (BULL)

      

      

      
        
          

      

      	 	
              TRANSFEREE:

            
	 	 
	 	
              ERA GROUP INC.

            
	 	 
	 	
              By:

            	
              /s/ Chris Bradshaw

            	 
	 	
              Name: Chris Bradshaw

            
	 	
              Title: President & CEO

            

      

      

      Signature Page to Conditional Novation Agreement – Lombard (BULL)

      

      

      
        
          

      

      	 	
              REMAINING PARTY:

            
	 	 
	 	
              LOMBARD NORTH CENTRAL PLC,

            
	 	
              as SECURITY TRUSTEE

            
	 	 
	 	
              By:

            	
              /s/ Richard Waters

            	 
	 	
              Name: Richard Waters

            
	 	
              Title: Attorney

            
	 	 
	 	
              LOMBARD NORTH CENTRAL PLC,

            
	 	
              as ADMINISTRATIVE AGENT

            
	 	 
	 	
              By:

            	
              /s/ Richard Waters

            	 
	 	
              Name: Richard Waters

            
	 	
              Title: Attorney

            
	 	 
	 	
              LOMBARD NORTH CENTRAL PLC,

            
	 	
              as SOLE LENDER

            
	 	 
	 	
              By:

            	
              /s/ Richard Waters

            	 
	 	
              Name: Richard Waters

            
	 	
              Title: Attorney

            

      

      

      Signature Page to Conditional Novation Agreement – Lombard (BULL)

      

      

      
        
          

      

      
        Execution Version

        

        

        CONDITIONAL NOVATION AND AMENDMENT AGREEMENT

         

        THIS CONDITIONAL NOVATION AND AMENDMENT AGREEMENT, dated as of June 10, 2020 (this “Agreement”), is entered into among BRISTOW GROUP INC., a Delaware
          corporation (“Transferor”), ERA GROUP INC., a Delaware corporation (“Transferee”), BRISTOW U.S. LLC, a Louisiana limited liability company, as borrower (“Borrower”), MACQUARIE BANK LIMITED, in its capacity as administrative
          agent for the Lenders (in such capacity, the “Administrative Agent”), MACQUARIE BANK LIMITED, in its capacity as the security agent for the Lenders (in such capacity, the “Security Agent”), and MACQUARIE LEASING LLC, as sole Lender
          (“MCQ Leasing”) (each of MCQ Leasing, Administrative Agent and Security Agent, a “Remaining Party” and collectively, the “Remaining Parties”).

         

        RECITALS

         

        WHEREAS, Transferor executed and delivered to the Remaining Parties and all other Lenders from time to time party to the Credit Agreement (as hereafter defined) that certain Parent Guaranty,
          dated as of March 7, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, including by the Omnibus Amendment dated as of October 31, 2019, the “Guaranty”), which is made in respect of that
          certain Term Loan Credit Agreement, dated as of February 1, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, including by the First Amendment to Term Loan Credit Agreement dated as of March
          7, 2017, the Second Amendment to Term Loan Credit Agreement and Limited Waiver dated as of August 14, 2018 and the Omnibus Amendment dated as of October 31, 2019, the “Existing Credit Agreement”, as amended hereby the “Amended Credit
            Agreement”), among Borrower, Administrative Agent, Security Agent, and the lenders from time to time party thereto (capitalized words used herein but not otherwise defined have the meaning assigned to such terms (whether by reference to
          another document or otherwise) in the Guaranty);

         

        WHEREAS, Borrower, Administrative Agent and Security Agent entered into that certain Insurance Supplemental Agreement, dated as of February 1, 2017 (as amended, restated, supplemented, replaced
          or otherwise modified from time to time, the “Existing Insurance Supplemental Agreement”, as amended hereby, the “Amended Insurance Supplemental Agreement”);

         

        WHEREAS, Borrower, Administrative Agent, and Security Agent entered into that certain Maintenance, Operations, and Assignment Supplemental Agreement, dated as of February 1, 2017 (as amended,
          restated supplemented, replaced or otherwise modified from time to time, including by the Omnibus Amendment dated as of October 31, 2019, the “Existing Maintenance Supplemental Agreement”, as amended hereby, the “Amended
            Maintenance Supplemental Agreement”; and, together with the Amended Credit Agreement and Amended Insurance Supplemental Agreement, the “Amended Loan Documents”);

         

        WHEREAS, upon the consummation of that certain Agreement and Plan of Merger, dated January 23, 2020, by and among Transferee, Ruby Redux Merger Sub, Inc., a Delaware corporation (“Merger Sub”),
          and Transferor (the “Merger Agreement”), (1) Transferor desires to transfer by novation to Transferee, and Transferee agrees to accept (on the terms set forth herein) the transfer by novation of all the rights and obligations of Transferor
          under and in respect of the Guaranty, in exchange for Transferee’s assumption of the same obligations and (2) Transferee and the Remaining Parties desire to amend the Existing Credit Agreement, the Existing Insurance Supplemental Agreement, and
          the Existing Maintenance Supplemental Agreement as more fully described on Schedule 1; and

         

        
          
            

        

        
        WHEREAS, the parties hereto desire to enter into this Agreement as of the date hereof (the “Effective Date”) prior to the date of the consummation of the transaction contemplated by the
          Merger Agreement (such date, as confirmed by written notice to the Remaining Parties in the form set forth in Schedule 2 hereto, the “Novation Date”), in order to establish the process for and conditions under which such novations
          and amendments shall occur;

         

        NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby irrevocably agree as follows:

         

        	

              	1.	
                Novation and Transfer.  With effect from and including the Novation Date:

              

         

        	

              	a.	
                Transferor releases each Remaining Party from all duties and obligations to Transferor, regardless of whether such rights, duties, liabilities or obligations occurred or existed prior to, or occur or exist after, the Novation Date, and
                  the Transferor accepts that it has no further rights with respect to the Guaranty against each such Remaining Party.

              

         

        	

              	b.	
                Each Remaining Party releases the Transferor from the Transferor’s obligations, duties and liabilities to the Remaining Parties under the Guaranty and each Remaining Party agrees that it has no further rights against the Transferor
                  under the Guaranty.

              

         

        	

              	c.	
                Transferee hereby assumes all obligations, duties, and liabilities of Transferor under (including all such obligations, duties and liabilities arising prior to the Novation Date) the Guaranty as if Transferee had at all times been a
                  party to the Guaranty.

              

         

        	

              	d.	
                Each Remaining Party accepts the assumption by the Transferee of the obligations and liabilities under or with respect to the Guaranty (to the extent arising under the Guaranty) and each Remaining Party acknowledges that its
                  obligations, duties and liabilities under or with respect to the Guaranty are owed to the Transferee.

              

         

        	

              	e.	
                Each Remaining Party agrees not to assert against the Transferee any claim occurring prior to the Novation Date which it may have or have had against the Transferor under the Guaranty prior to the Novation Date.

              

         

        	

              	2.	
                Amendments.  With effect from and including the Novation Date, the Transferee, the Borrower and the Remaining Parties hereby agree to amend each of the Existing Credit Agreement, the Existing Insurance Supplemental Agreement and
                  the Existing Maintenance Supplemental Agreement as set forth in Schedule 1 attached hereto.

              

         

        	

              	3.	
                Conditions to Effective Date and Novation Date; Effectiveness Under Guaranty.

              

         

        	

              	a.	
                The Effective Date of this Agreement is subject to the receipt by the parties hereto of counterparts of this Agreement executed by Transferor, Transferee and each Remaining Party.

              

         

        	

              	b.	
                The novation, transfer and amendments set out in Sections 1 and 2 above are subject to the occurrence of the Effective Date, the consummation of the Merger Agreement, and the satisfaction (or waiver) of the following
                  conditions precedent:

              

         

        
          2

          
            

        

        	

              	i.	
                Receipt by the Administrative Agent of a certificate signed by an officer of Transferee certifying (1) as to the consummation and effectiveness of the Merger Agreement pursuant to the terms thereof,  and (2) that the terms of the
                  Merger Agreement on the Novation Date relating to the ownership structure of each of the Transferee and the Merger Sub are the same as those filed by Transferee with the United States Securities and Exchange Commission (the “SEC”)
                  on January 23, 2020 (the “filing date”), except that, to the extent that any terms of the Merger Agreement on the Novation Date that differ from those filed by Transferee with the SEC on the filing date, such differences not to
                  include any terms specified in clause (2) above, such changes do not affect the ownership of Transferor, Transferee or Borrower and are not otherwise materially adverse to the interests of the Remaining Parties as compared to those filed
                  by Transferee with the SEC on the filing date; and

              

         

        	

              	ii.	
                Receipt by the Administrative Agent of an opinion of Transferee’s counsel confirming that the Guaranty is the legal, valid and binding obligation of Transferee substantially in the form provided to the Remaining Parties prior to the
                  Effective Date or otherwise in form and substance reasonably acceptable to the Remaining Parties (with reasonable and customary assumptions, exceptions and qualifications).

              

         

        	

              	4.	
                Representations and Warranties.

              

         

        a.  To induce the Remaining Parties to enter into this Agreement, each of Transferor, Transferee and Borrower (for the purposes of this Section, each a “Bristow Party”)
          hereby represents and warrants to the Remaining Parties as follows:

         

        	

              	i.	
                Each such Bristow Party is duly organized and validly existing under the laws of the jurisdiction of its organization or incorporation and, if relevant under such laws, in good standing;

              

         

        	

              	ii.	
                Such Bristow Party has the right, power and authority and has taken all necessary corporate or other action to authorize the execution, delivery and performance of this Agreement in accordance with its terms;

              

         

        	

              	iii.	
                The execution, delivery and performance by such Bristow Party of this Agreement (1) do not require any consent or approval or, registration or filing with, or any action by, any Governmental Authority, (2) will not violate any
                  Requirements of Law applicable to such Bristow Party or any judgment, order or ruling of any Governmental Authority, (3) will not violate or result in a default under any indenture, material agreement or other material instrument binding
                  on such Bristow Party or any of its assets or give rise to a right thereunder to require any payment to be made by such Bristow Party, and (4) will not result in the creation or imposition of any Lien on any asset of such Bristow Party
                  prohibited under the Loan Documents;

              

         

        	

              	iv.	
                After giving effect to this Agreement, the representations and warranties contained in the Loan Documents are true and correct in all material respects (or, in the case of any such representation or warranty under the Loan Documents
                  already qualified as to materiality, in all respects), except to the extent that such representations and warranties specifically refer to an earlier date (for the avoidance of doubt, any information heretofore delivered to a Remaining
                  Party specifically describing the business, properties or affairs of the Transferor and as to which any representation or warranty was made in the Loan Documents shall not be deemed to be information describing the business, properties or
                  affairs of the Transferee), and no Default or Event of Default has occurred and is continuing as of the date hereof; and

              

         

        
          3

          
            

        

        	

              	v.	
                This Agreement has been duly executed and delivered by its duly authorized officer, and constitutes the legal, valid and binding obligation of such Bristow Party, enforceable in accordance with its terms, except as such enforceability
                  may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors’ rights in general and the availability of equitable
                  remedies.

              

         

        	

              	b.	
                By its execution hereof, the Administrative Agent represents and warrants to Transferor and Transferee that MCQ Leasing is the [sole] Lender under the Existing Credit Agreement and no additional Lender consent is required to amend the
                  Existing Credit Agreement, the Existing Insurance Supplemental Agreement and the Existing Maintenance Supplemental Agreement, to release Transferor under the Guaranty, to novate the Guaranty to Transferee, or to take any other action
                  contemplated by this Agreement.

              

         

        	

              	5.	
                Effect of Amendment.  Except as set forth expressly herein, all terms of the Existing Credit Agreement, the Existing Insurance Supplemental Agreement, the Existing Maintenance Supplemental Agreement and the other Loan Documents
                  shall be and remain in full force and effect and shall constitute the legal, valid, binding and enforceable obligations of the parties thereto.  The execution, delivery and effectiveness of this Agreement shall not, except as expressly
                  provided herein, (i) operate as a waiver of any right, power or remedy of the Lenders under the Existing Credit Agreement, the Existing Insurance Supplemental Agreement, the Existing Maintenance Supplemental Agreement or any other Loan
                  Document or (ii) constitute a waiver of any provision of the Amended Loan Documents.

              

         

        	

              	6.	
                Costs and Expenses.  The Borrower agrees to pay on demand all reasonable, out-of-pocket costs and expenses of the Administrative Agent, Security Agent and Lenders in connection with the preparation, execution and delivery of
                  this Agreement, including, without limitation, the reasonable and documented fees and out-of-pocket expenses of outside counsel with respect thereto.

              

         

        	

              	7.	
                Miscellaneous.

              

         

        	

              	a.	
                Governing Law; Jurisdiction.  This Agreement shall be construed in accordance with and be governed by the law (without giving effect to the conflict of law principles thereof other than Section 5-1401 and 5-1402 of the New York
                  General Obligations Law) of the State of New York.  Without limiting the foregoing, the terms of Section 11 of the Guaranty shall be incorporated herein by reference, mutatis mutandis.

              

         

        	

              	b.	
                Counterparts; Electronic Execution.  This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together
                  shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this
                  Agreement.

              

         

        	

              	c.	
                Severability.  If any provision of this Agreement is determined to be illegal, invalid or unenforceable, such provision shall be fully severable and the remaining provisions shall remain in full force and effect and shall be
                  construed without giving effect to the illegal, invalid or unenforceable provisions.

              

         

        
          4

          
            

        

        	

              	d.	
                Loan Document.  Upon its effectiveness pursuant to the terms hereof, this Agreement shall constitute a “Loan Document” for all purposes of the Amended Loan Documents.

              

         

        	

              	e.	
                Entirety.  This Agreement represents the entire agreement of the parties hereto, and supersede all prior agreements and understandings, oral or
                  written, if any, including any commitment letters or correspondence relating to the transactions contemplated herein.

              

         

        	

              	f.	
                Further Assurances.  Each party hereto agrees to take such further actions and to execute, acknowledge and deliver all such further documents as are reasonably requested by another party for carrying out the purposes of this
                  Agreement.

              

         

        	

              	g.	
                Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns.

              

         

        	

              	h.	
                Amendment.  This Agreement may be amended or modified only by an agreement in writing executed by all Parties and expressly identified as an
                  amendment or modification.

              

         

        [Remainder of page intentionally blank]

         

        
          5

          
            

        

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

         

        	 	
                TRANSFEROR:

              
	 	 
	 	
                BRISTOW GROUP INC.

              	 
	 	 
	 	
                By:

              	
                /s/ Geoffrey L. Carpenter

              	 
	 	
                Name: Geoffrey L. Carpenter

              
	 	
                Title: Vice President and Treasurer

              

        

        

        
          	 	
                  BORROWER:

                
	 	 
	 	
                  BRISTOW U.S. LLC,

                
	 	
                  as Borrower

                
	 	 
	 	
                  By:

                	
                  /s/ Geoffrey L. Carpenter

                	 
	 	
                  Name:  Geoffrey L. Carpenter

                
	 	
                  Title:    Manager

                

          

          

        

        Signature Page to Conditional Novation and Amendment Agreement

        

        

        
          
            

        

        	 	
                TRANSFEREE:

              
	 	 
	 	
                ERA GROUP INC.

              
	 	 
	 	
                By:

              	
                /s/ Chris Bradshaw

              	 
	 	
                Name: Chris Bradshaw

              
	 	
                Title: President & CEO

              

        

        

        Signature Page to Conditional Novation and Amendment Agreement

        

        

        
          
            

        

        	 	
                REMAINING PARTIES:

              
	 	 
	 	
                MACQUARIE BANK LIMITED,

              
	 	
                as Security Agent

              
	 	 
	 	
                By:

              	
                /s/ Peter Burton

              	 
	 	
                Name: Peter Burton

              
	 	
                Title: Attorney

              
	 	 
	 	
                By:

              	
                /s/ Matthew Chapman

              	 
	 	
                Name: Matthew Chapman

              
	 	
                Title: Attorney

              
	 	 	 	 
	 	
                MACQUARIE BANK LIMITED,

              
	 	
                as Administrative Agent

              
	 	 
	 	
                By:

              	
                /s/ Peter Burton

              	 
	 	
                Name: Peter Burton

              
	 	
                Title: Attorney

              
	 	 
	 	
                By:

              	
                /s/ Matthew Chapman

              	 
	 	
                Name: Matthew Chapman

              
	 	
                Title: Attorney

              
	 	 
	 	
                MACQUARIE LEASING LLC,

              
	 	
                as sole Lender

              
	 	 
	 	
                By:

              	
                /s/ Sarah Johnston

              	 
	 	
                Name: Sarah Johnston

              
	 	
                Title: Attorney

              	 
	 	 	 	 
	 	
                By:

              	
                /s/ Greg Allen A’slinger

              	 
	 	
                Name: Greg Allen A’slinger

              
	 	
                Title: Attorney

              

        

        

        Signature Page to Conditional Novation and Amendment Agreement

        

        

        
          
            

        

        
        SCHEDULE 1

         

        AMENDMENTS TO EXISTING CREDIT AGREEMENT

         

        The following amendments will be made to the Existing Credit Agreement on the Novation Date:

         

        
          	
                  SECTION 

                  REF.

                   

                    

                	
                  DESCRIPTION

                	
                  AMENDED PROVISION

                
	
                  Existing Credit Agreement - Section 1.1

                	
                  Definition of “Guarantor” shall be deleted and replaced with the following:

                	
                  “Guarantor” shall mean Bristow Group Inc. (formerly known as Era Group Inc.)

                
	
                  Existing Credit Agreement - Section 1.1

                	
                  The following definition of “Intermediate Owner” shall be added in the appropriate place alphabetically:

                	
                  “Intermediate Owner” shall mean Bristow Holdings U.S. Inc. (formerly known as Bristow Group Inc.)

                
	
                  Existing Credit Agreement - Section 1.1

                	
                  Definition of “Loan Party” shall be deleted and replaced with the following:

                	
                  “Loan Party” shall mean, collectively or individually, the Borrower, the Intermediate Owner and the Guarantor, as the context requires.

                
	
                  Existing Credit Agreement - Section 1.1

                	
                  Definition of “Material Adverse Effect” shall be deleted and replaced with the following:

                	
                  “Material Adverse Effect” shall mean, with respect to any event, act, condition or occurrence of whatever nature (including any adverse determination in any litigation, arbitration, or governmental
                    investigation or proceeding), whether singularly or in conjunction with any other event or events, act or acts, condition or conditions, occurrence or occurrences whether or not related, (i) a material adverse change in, or a material
                    adverse effect on the business, assets, liabilities (actual or contingent), operations, or condition (financial or otherwise) of the Guarantor and its Subsidiaries, taken as a whole, or the Intermediate Owner and its Subsidiaries, taken
                    as a whole, or (ii) a material impairment on the ability of the Borrower or of the Guarantor, to perform any of their respective material obligations under the Loan Documents or consummate the transactions described herein.

                
	
                  Existing Credit Agreement - Section 1.1

                	
                  Definition of “Parent Guaranty” shall be deleted and replaced with the following:

                	
                  “Parent Guaranty” means the Guaranty Agreement dated the Funding Date and otherwise amended and novated following the Funding Date, by the Guarantor in favor of the Lenders, the Security Agent and the
                    Administrative Agent.

                
	
                  Existing Credit Agreement - Section 1.1

                	
                  Definition of “Relevant Default” shall be deleted and replaced with the following:

                	
                  “Relevant Default” means (i) a Default by the Borrower in respect of any payment obligation hereunder or (ii) an involuntary proceeding shall be commenced or an involuntary petition shall be filed
                    seeking (A) liquidation, reorganization or other relief in respect of the Borrower, Intermediate Owner or the Guarantor or its debts, or any substantial part of its assets, under any federal, state or foreign bankruptcy, insolvency or
                    other similar law now or hereafter in effect or (B) the appointment of a custodian, trustee, receiver, liquidator or other similar official for the Borrower, the Intermediate Owner or the Guarantor or for a substantial part of its
                    assets.

                
	
                  Existing Credit Agreement - Section 8.1

                	
                  Subsection (g) shall be deleted and replaced by the following:

                	
                  (g) the Borrower, the Intermediate Owner or the Guarantor (whether as primary obligor or as guarantor or other surety) shall fail to make payments when due on any Indebtedness
                    which individually or in the aggregate the principal amount thereof exceeds $50,000,000, or breach of any covenant contained in any agreement relating to such Indebtedness causing or permitting the acceleration of such Indebtedness
                    after the giving of notice and the expiration of any applicable grace period;

                   

                

        

         

        

        
          Schedule 1

          
            

        

        
        	
                SECTION 

                REF.

                 

              	
                DESCRIPTION

              	
                AMENDED PROVISION

              
	
                Existing Credit Agreement - Section 8.1

              	
                Subsection (i) shall be deleted and replaced by the following:

              	
                (i) Borrower, the Intermediate Owner or the Guarantor shall (i) commence a voluntary case or other proceeding or file any petition seeking liquidation, reorganization or other relief under any federal, state
                  or foreign bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a custodian, trustee, receiver, liquidator or other similar official of it or any substantial part of its property, (ii)
                  consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (i) of this Section 8.1(i), (iii) apply for or consent to the appointment of a custodian, trustee,
                  receiver, liquidator or other similar official for the Borrower, the Intermediate Owner or the Guarantor or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any
                  such proceeding, (v) make a general assignment for the benefit of creditors, or (vi) take any board action for the purpose of effecting any of the foregoing;

                 

                 

              
	
                Existing Credit Agreement - Section 8.1

              	
                Subsection (j) shall be deleted and replaced by the following:

              	
                (j) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of the Borrower, the Intermediate Owner or the
                  Guarantor or its debts, or any substantial part of its assets, under any federal, state or foreign bankruptcy, insolvency or other similar law now or hereafter in effect or (ii) the appointment of a custodian, trustee, receiver,
                  liquidator or other similar official for the Borrower, the Intermediate Owner or the Guarantor or for a substantial part of its assets, and in any such case, such proceeding or petition shall remain undismissed for a period of 60 days or
                  an order or decree approving or ordering any of the foregoing shall be entered;

                 

              
	
                Existing Credit Agreement - Section 8.1

              	
                Subsection (k) shall be deleted and replaced by the following:

              	
                (k) the Borrower, the Intermediate Owner or the Guarantor shall become unable to pay, shall admit in writing its inability to pay, or shall fail to pay generally, its debts as they become due;

                 

              
	
                Existing Credit Agreement - Section 8.1

              	
                Subsection (m) shall be deleted and replaced by the following:

              	
                (m) any final judgment or order for the payment of money in excess of $50,000,000 (but excluding any portion thereof that is subject to insurance coverage within applicable
                  policy limits and where the insurer has not denied or contested coverage) is rendered against the Borrower, the Intermediate Owner or the Guarantor, which judgments, orders, fines, penalties, awards or impositions remain in effect for 30
                  days without being satisfied, discharged, stayed, deferred, or vacated;

                 

              

        

        

        
          Schedule 1

          
            

        

        
        AMENDMENT TO EXISTING INSURANCE SUPPLEMENTAL AGREEMENT

         

        The following amendment will be made to the Existing Insurance Supplemental Agreement on the Novation Date:

         

        	
                SECTION

                 REF.

                 

                  

              	
                DESCRIPTION

              	
                AMENDED PROVISION

              
	
                Existing Insurance Supplemental Agreement – Clause (f)

              	
                Existing Insurance Supplemental Agreement - Clause (f) shall be deleted and replaced by the following:

              	
                Self-Insurance.  The Borrower (or any of its Affiliates, on its behalf) may self-insure (by deductible, premium adjustment, or risk retention arrangement of any kind) the insurance required to be
                  maintained hereunder pursuant to the Guarantor’s global aviation placement, subject to an aggregate limit of $5,000,000.00.  For the avoidance of doubt, the term “Guarantor’s global aviation placement” set forth in this clause (f) of the
                  Insurance Supplemental Agreement shall include Guarantor’s global aviation placement and/or Intermediate Owner’s global aviation placement, whether separate or combined, applicable to the Aircraft.  The Borrower agrees to give the
                  Security Agent prompt notice of any damage to or loss of, the Aircraft, or any part thereof.

              

        

        

        
          Schedule 1

          
            

        

        
        AMENDMENT TO EXISTING MAINTENANCE SUPPLEMENTAL AGREEMENT

         

        The following amendment will be made to the Existing Maintenance Supplemental Agreement on the Novation Date:

         

        	
                SECTION 

                REF.

                 

                  

              	
                DESCRIPTION

              	
                AMENDED PROVISION

              
	
                Existing Maintenance Supplemental Agreement – Section 2(l)

              	
                The following Amended Provision shall be added after the last sentence in Section 2(l), as a new paragraph:

              	
                The Borrower, or any successor or assign, covenants that if a new or modified Maintenance Program Agreement is entered into in order to combine the aircraft fleets of Intermediate Owner and Parent, upon
                  request by the Administrative Agent and to the extent not prohibited by a confidentiality agreement, Borrower shall (or shall cause its Affiliate to) promptly provide to the Administrative Agent summaries of the Maintenance Program
                  Agreement; provided, that the Administrative Agent acknowledges that (i) a Maintenance Provider may require that the Administrative Agent and other relevant Finance Parties enter into a non-disclosure agreement as a condition to the
                  Administrative Agreement and other relevant Finance Parties receiving a copy of the related Maintenance Program Agreement, (ii) a Maintenance Provider may require that certain provisions of the related Maintenance Program Agreement be
                  redacted, and (iii) a Maintenance Provider may refuse to permit Borrower (or Borrower’s Affiliate) to disclose to the Administrative Agent and other relevant Finance Parties the related Maintenance Program Agreement; and provided,
                  further, however that Borrower may redact certain provisions of the related Maintenance Program Agreement which Borrower reasonably considers confidential as it relates to certain business or economic terms and conditions or as it
                  relates to aircraft other than the Aircraft, notwithstanding that the relevant Maintenance Provider has not required redaction of such provisions.  Notwithstanding anything to the contrary contained herein, provided that Borrower
                  has used commercially reasonable efforts to comply with its obligations under this Section 2(l), the failure by Borrower to provide the Administrative Agent and other relevant Finance Parties with summaries of a Maintenance
                  Program Agreement shall not constitute a Default or an Event of Default.  Each of the Administrative Agent and Borrower agrees (and shall cause its Affiliate to) comply with the terms of and provisions of the Maintenance Program Agreement
                  in regard to any owner and operator side letters, acknowledgments or consents required to be provided by the parties to the Maintenance Provider in respect of the Maintenance Program Agreement and to provide signed copies of any such
                  owner and operator side letters, acknowledgements or consents to the other party as were provided at the time of the initial closing on this Loan Agreement.

              

        

        

        
          Schedule 1

          
            

        

        
        SCHEDULE 2

         

        FORM OF CONFIRMATION OF NOVATION DATE

         

        [___], 2020

        

        

        Macquarie Bank Limited

        Level 5, 50 Martin Place

        Sydney NSW 2000

        Australia

        Attention:     Jonathan Watkinson, Peter Burton

        E-mail:  jonathan.watkinson@macquarie.com, peter.burton@macquarie.aero

        

        

        Macquarie Leasing LLC

        Two Embarcadero Center

        Suite #200

        San Francisco, CA 94111

        Attention:      John Petkovic, Sarah Johnston

        E-mail: john.petkovic@macquarie.aero, sarah.johnston@macquarie.aero

        

        

        
          	
                  Re:

                	
                  Confirmation of Novation Date

                

        

        

        

        Ladies & Gentlemen:

        

        

        Reference is hereby made to the Conditional Novation and Amendment Agreement dated as of [___], 2020 by and among Transferor, as transferor, Transferee, as transferee, Borrower, as borrower,
          Macquarie Bank Limited, as administrative agent, Macquarie Bank Limited, as security agent and Macquarie Leasing LLC, as lender (the "Conditional Novation") pertaining to the novation and amendment of each
          of the Existing Credit Agreement, the Existing Insurance Supplemental Agreement and the Existing Maintenance Supplemental Agreement (each as defined in the Conditional Novation).  Any and all initially capitalized terms used herein shall have the
          meanings ascribed thereto in the Conditional Novation, unless specifically defined herein.

        

        

        In accordance with the Conditional Novation, the undersigned hereby confirm that the transaction contemplated by the Merger Agreement has occurred today, ____________, 2020, which such date shall
          be the “Novation Date” for all purposes of the Conditional Novation.

        

        

        [SIGNATURE PAGE FOLLOWS]

         

        

        
          Schedule 2

          
            

        

        	 	
                Sincerely,

              
	 	 
	 	
                BRISTOW HOLDINGS U.S. INC.,

              
	 	
                f/k/a Bristow Group Inc.

              
	 	 
	 	
                By:

              	 	 

        	 	
                Name:

              
	 	
                Title:

              
	 	 	 
	 	
                BRISTOW GROUP INC.,

              
	 	
                f/k/a Era Group Inc.

              
	 	 
	 	
                By:

              	 	 

        	 	
                Name:

              
	 	
                Title:

              
	 	 	 
	 	
                BRISTOW U.S. LLC,

              
	 	
                as Borrower

              
	 	 
	 	
                By:

              	 	 

        	 	
                Name:

              
	 	
                Title:

              

        

        

        

        

      

    

  

  Schedule 2Exhibit 10.12

      

      

      

      INDEMNIFICATION AGREEMENT

       

      

    

    
      This Indemnification Agreement, dated as of [___________], 2020 (this “Agreement”), is made by and between
        Bristow Group Inc., a Delaware corporation (the “Company”), and [___________] (“Indemnitee”).

       

      

    

    
      RECITALS:

       

      

    

    
      A. Section 141 of the Delaware General Corporation Law provides that the business and affairs of a corporation shall be managed by or under the direction of its board of directors.

      

      

      B. By virtue of the managerial prerogatives vested in the directors of a Delaware corporation, directors act as fiduciaries of the corporation and its stockholders.

      

      

      C. Thus, it is critically important to the Company and its stockholders that the Company be able to attract and retain the most capable persons reasonably available to serve as directors of the
        Company.

      

      

      D. In recognition of the need for corporations to be able to induce capable and responsible persons to accept positions in corporate management, Delaware law authorizes (and in some instances
        requires) corporations to indemnify their directors and officers, and further authorizes corporations to purchase and maintain insurance for the benefit of their directors and officers.

      

      

      E. Both the Company and Indemnitee recognize the increased risk of litigation and other claims being asserted against officers and directors of public companies in today’s environment.

      

      

      F. The Delaware courts have recognized that indemnification by a corporation serves the dual policies of (1) allowing corporate officials to resist unjustified lawsuits, secure in the knowledge
        that, if vindicated, the corporation will bear the expense of litigation, and (2) encouraging capable persons to serve as corporate directors and officers, secure in the knowledge that the corporation will absorb the costs of defending their
        honesty and integrity.

      

      

      G. Under Delaware law, a director’s right to be reimbursed for the costs of defense of criminal actions, whether such claims are asserted under state or federal law, does not depend upon the merits
        of the claims asserted against the director and is separate and distinct from any right to indemnification the director may be able to establish.

      

      

      H. Indemnitee is, or will be, a director or officer of the Company and his or her willingness to serve in such capacity is predicated, in substantial part, upon the Company’s willingness to
        indemnify him or her in accordance with the principles reflected above, to the fullest extent permitted by the laws of the State of Delaware, and upon the other undertakings set forth in this Agreement.

      

      

      I. Therefore, in recognition of the need to provide Indemnitee with substantial protection against personal liability, in order to procure Indemnitee’s continued service as a director or officer of
        the Company and to enhance Indemnitee’s ability to serve the Company in an effective manner, and in order to provide such protection pursuant to express contract rights (intended to be enforceable irrespective of, among other things, any amendment
        to the Company’s certificate of incorporation or bylaws (collectively, the “Constituent Documents”), any change in the composition of the Company’s Board of Directors (the “Board”) or any change-in-control or business combination
        transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification of and the advancement of Expenses to Indemnitee as set forth in this Agreement and for the continued coverage of Indemnitee under the
        Company’s directors’ and officers’ liability insurance policies.

      

      

      J. In light of the considerations referred to in the preceding recitals, it is the Company’s intention and desire that the provisions of this Agreement be construed liberally, subject to their
        express terms, to maximize the protections to be provided to Indemnitee hereunder.

      

      

    

    
      AGREEMENT:

      

      

    

    
      NOW, THEREFORE, the parties hereby agree as follows:

      

      

      1. Certain Definitions. In addition to terms defined elsewhere herein, the following terms have the following meanings when used in this Agreement with initial capital letters:

      

      

    

    
      (a) “Change in Control” means the occurrence after the date of this Agreement of any of the following events:

      

      

      
        1

        
          

      

    

    
      (i)   any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 25% or more of the Company’s then outstanding Voting Securities unless the change in relative
        Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors;

      

      

      (ii)   the consummation of a reorganization, merger or consolidation, unless immediately following such reorganization, merger or consolidation, all of the Beneficial Owners of the Voting Securities of the Company
        immediately prior to such transaction beneficially own, directly or indirectly, more than 50% of the combined voting power of the outstanding Voting Securities of the entity resulting from such transaction;

      

      

      (iii)  during any period of two consecutive years, not including any period prior to the execution of this Agreement, individuals who at the beginning of such period constituted the Board (including for this purpose
        any new directors whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the
        period or whose election or nomination for election was previously so approved) cease for any reason to constitute at least a majority of the Board; or

      

      

      (iv)  the stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets.

    

    
       (b) “Claim” means (i) any threatened, asserted, pending or completed claim, demand, action, suit or proceeding, whether civil, criminal, administrative,
        arbitrative, investigative or other, and whether made pursuant to federal, state or other law; and (ii) any inquiry or investigation, whether made, instituted or conducted, by the Company or any other Person, including without limitation any
        federal, state or other governmental entity, that Indemnitee determines might lead to the institution of any such claim, demand, action, suit or proceeding. For the avoidance of doubt, the Company intends indemnity to be provided hereunder in
        respect of acts or failure to act prior to, on or after the date hereof.

      

      

      (c) “Controlled Affiliate” means any corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise, whether or not for profit, that is directly or
        indirectly controlled by the Company. For purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of an entity or enterprise, whether
        through the ownership of voting securities, through other voting rights, by contract or otherwise; provided that direct or indirect beneficial ownership of capital stock or other interests in an entity or enterprise entitling the holder to cast 15%
        or more of the total number of votes generally entitled to be cast in the election of directors (or persons performing comparable functions) of such entity or enterprise shall be deemed to constitute control for purposes of this definition.

      

      

      (d) “Disinterested Director” means a director of the Company who is not and was not a party to the Claim in respect of which indemnification is sought by Indemnitee.

      

      

      (e) “Expenses” means attorneys’ and experts’ fees and expenses and all other costs and expenses paid or payable in connection with investigating, defending, being a witness in or
        participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in (including on appeal), any Claim.

      

      

      
        2

        
          

      

      (f) “Indemnifiable Claim” means any Claim based upon, arising out of or resulting from (i) any actual, alleged or suspected act or failure to act by Indemnitee in his or her capacity as a
        director, officer, employee or agent of the Company or as a director, officer, employee, member, manager, trustee or agent of any other corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise, whether
        or not for profit, as to which Indemnitee is or was serving at the request of the Company, (ii) any actual, alleged or suspected act or failure to act by Indemnitee in respect of any business, transaction, communication, filing, disclosure or other
        activity of the Company or any other entity or enterprise referred to in clause (i) of this sentence, or (iii) Indemnitee’s status as a current or former director, officer, employee or agent of the Company or as a current or former director,
        officer, employee, member, manager, trustee or agent of the Company or any other entity or enterprise referred to in clause (i) of this sentence or any actual, alleged or suspected act or failure to act by Indemnitee in connection with any
        obligation or restriction imposed upon Indemnitee by reason of such status. In addition to any service at the actual request of the Company, for purposes of this Agreement, Indemnitee shall be deemed to be serving or to have served at the request
        of the Company as a director, officer, employee, member, manager, agent, trustee or other fiduciary of another entity or enterprise if Indemnitee is or was serving as a director, officer, employee, member, manager, agent, trustee or other fiduciary
        of such entity or enterprise and (A) such entity or enterprise is or at the time of such service was a Controlled Affiliate, (B) such entity or enterprise is or at the time of such service was an employee benefit plan (or related trust) sponsored
        or maintained by the Company or a Controlled Affiliate, or (C) the Company or a Controlled Affiliate (by action of the Board, any committee thereof or the Company’s Chief Executive Officer (“CEO”) (other than as the CEO him or herself))
        caused or authorized Indemnitee to be nominated, elected, appointed, designated, employed, engaged or selected to serve in such capacity.

      

      

      (g) “Indemnifiable Losses” means any and all Losses relating to, arising out of or resulting from any Indemnifiable Claim; provided, however, that Indemnifiable Losses shall not include
        Losses incurred by Indemnitee in respect of any Indemnifiable Claim (or any matter or issue therein) as to which Indemnitee shall have been adjudged liable to the Company, unless and only to the extent that the Delaware Court of Chancery or the
        court in which such Indemnifiable Claim was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification for
        such Expenses as the court shall deem proper.

      

      

      (h) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been,
        retained to represent: (i) the Company (or any subsidiary of the Company) or Indemnitee in any matter material to either such party (other than with respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees under
        similar indemnification agreements) or (ii) any other named (or, as to a threatened matter, reasonably likely to be named) party to the Indemnifiable Claim giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the
        term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine
        Indemnitee’s rights under this Agreement.

      

      

      (i) “Losses” means any and all Expenses, damages, losses, liabilities, judgments, fines, penalties (whether civil, criminal or other) and amounts paid or payable in settlement, including
        without limitation all interest, assessments and other charges paid or payable in connection with or in respect of any of the foregoing.

      

      

      (j) “Person” means any individual, entity, or group, within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended.

      

      

      (k) “Standard of Conduct” means the standard for conduct by Indemnitee that is a condition precedent to indemnification of Indemnitee hereunder against Indemnifiable Losses relating to,
        arising out of or resulting from an Indemnifiable Claim. The Standard of Conduct is (i) good faith and reasonable belief by Indemnitee that his or her action was in or not opposed to the best interests of the Company and, with respect to any
        criminal action or proceeding, that Indemnitee had no reasonable cause to believe that his or her conduct was unlawful, or (ii) any other applicable standard of conduct that may hereafter be substituted under Section 145(a) or (b) of the Delaware
        General Corporation Law or any successor to such provision(s).

       

      

    

    
      2. Indemnification Obligation. Subject only to Section 7 and to the proviso in this Section, the Company shall indemnify, defend and hold harmless Indemnitee, to the fullest extent
        permitted or required by the laws of the State of Delaware in effect on the date hereof or as such laws may from time to time hereafter be amended to increase the scope of such permitted indemnification, against any and all Indemnifiable Claims and
        Indemnifiable Losses; provided, however, that, except as provided in Sections 4 and 23, Indemnitee shall not be entitled to indemnification pursuant to this Agreement in connection with any Claim initiated by Indemnitee against the Company or any
        director or officer of the Company unless the Company has joined in or consented to the initiation of such Claim. The Company acknowledges that the foregoing obligation may be broader than that now provided by applicable law and the Company’s
        Constituent Documents and intends that it be interpreted consistently with this Section and the recitals to this Agreement.

      

      

      
        3

        
          

      

      3. Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all Expenses relating to,
        arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines in good faith are reasonably likely to be paid or incurred by Indemnitee and as to which Indemnitee’s counsel provides supporting
        documentation. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the
        foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication),
        (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest any amounts actually
        advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such
        Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without
        reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable
        Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

      

      

      4. Indemnification for Additional Expenses. Without limiting the generality or effect of the foregoing, the Company shall indemnify and hold harmless Indemnitee against and, if requested by
        Indemnitee, shall reimburse Indemnitee for, or advance to Indemnitee, within five business days of such request accompanied by supporting documentation for specific Expenses to be reimbursed or advanced, any and all Expenses paid or incurred by
        Indemnitee or which Indemnitee determines in good faith are reasonably likely to be paid or incurred by Indemnitee in connection with any Claim made, instituted or conducted by Indemnitee for (a) indemnification or reimbursement or advance payment
        of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Constituent Documents now or hereafter in effect relating to Indemnifiable Claims, and/or (b) recovery under any directors’ and
        officers’ liability insurance policies maintained by the Company, regardless in each case of whether Indemnitee ultimately is determined to be entitled to such indemnification, reimbursement, advance or insurance recovery, as the case may be;
        provided, however, that Indemnitee shall return, without interest, any such advance of Expenses (or portion thereof) which remains unspent at the final disposition of the Claim to which the advance related.

      

      

      5. Partial Indemnity. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of any Indemnifiable Loss but not for all of
        the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.

      

      

      6. Procedure for Notification. To obtain indemnification under this Agreement in respect of an Indemnifiable Claim or Indemnifiable Loss, Indemnitee shall submit to the Company a written
        request therefor, including a brief description (based upon information then available to Indemnitee) of the nature of such Indemnifiable Claim or Indemnifiable Loss which Indemnitee intends to seek indemnification or advancement of Expenses
        hereunder as soon as reasonably practicable following the receipt by Indemnitee of written notice thereof. If, at the time of the receipt of such request, the Company has directors’ and officers’ liability insurance in effect under which coverage
        for such Indemnifiable Claim or Indemnifiable Loss is potentially available, the Company shall give prompt written notice of such Indemnifiable Claim or Indemnifiable Loss to the applicable insurers in accordance with the procedures set forth in
        the applicable policies. The Company shall provide to Indemnitee a copy of such notice delivered to the applicable insurers and, upon Indemnitee’s request, copies of all subsequent correspondence between the Company and such insurers regarding the
        Indemnifiable Claim or Indemnifiable Loss, in each case substantially concurrently with the delivery thereof by the Company. The Secretary of the Company shall, promptly upon receipt of such a request for indemnification, advise the Board in
        writing that Indemnitee has requested indemnification. The failure by Indemnitee to timely notify the Company of any Indemnifiable Claim or Indemnifiable Loss shall not relieve the Company from any liability hereunder unless, and only to the extent
        that, the Company did not otherwise learn of such Indemnifiable Claim or Indemnifiable Loss and such failure results in forfeiture by the Company of substantial defenses, rights or insurance coverage.

      

      

      
        4

        
          

      

      7. Determination of Right to Indemnification.

      

      

    

    
      (a) To the extent that Indemnitee shall have been successful on the merits or otherwise in defense of any Indemnifiable Claim or any portion thereof or in defense of any issue or matter therein,
        including without limitation dismissal without prejudice, Indemnitee shall be indemnified against all Indemnifiable Losses relating to, arising out of or resulting from such Indemnifiable Claim in accordance with Section 2 and no Standard of
        Conduct Determination (as defined in Section 7(b)) shall be required.

      

      

      (b) To the extent that the provisions of Section 7(a) are inapplicable to an Indemnifiable Claim that shall have been finally disposed of, any determination of whether Indemnitee has satisfied the
        applicable Standard of Conduct (a “Standard of Conduct Determination”) shall be made as follows: (i) if a Change in Control shall not have occurred, or if a Change in Control shall have occurred but Indemnitee shall have requested that the
        Standard of Conduct Determination be made pursuant to this clause (i), (A) by a majority vote of the Disinterested Directors, even if less than a quorum of the Board, (B) if such Disinterested Directors so direct, by a majority vote of a committee
        of Disinterested Directors designated by a majority vote of all Disinterested Directors, or (C) if there are no such Disinterested Directors, or if a majority of the Disinterested Directors so direct, by Independent Counsel in a written opinion
        addressed to the Board, a copy of which shall be delivered to Indemnitee; and (ii) if a Change in Control shall have occurred and Indemnitee shall not have requested that the Standard of Conduct Determination be made pursuant to clause (i), by
        Independent Counsel in a written opinion addressed to the Board, a copy of which shall be delivered to Indemnitee. Indemnitee shall cooperate with reasonable requests of the individual or firm making such Standard of Conduct Determination,
        including providing to such Person documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination without incurring any
        unreimbursed cost in connection therewith. The Company shall indemnify and hold harmless Indemnitee against and, if requested by Indemnitee, shall reimburse Indemnitee for, or advance to Indemnitee, within five business days of such request
        accompanied by supporting documentation for specific costs and expenses to be reimbursed or advanced, any and all costs and expenses (including attorneys’ and experts’ fees and expenses) incurred by Indemnitee in so cooperating with the Person
        making such Standard of Conduct Determination.

      

      

      (c) The Company shall use its reasonable efforts to cause any Standard of Conduct Determination required under Section 7(b) to be made as promptly as practicable. If (i) the Person empowered or
        selected under Section 7 to make the Standard of Conduct Determination shall not have made a determination within 30 calendar days after the later of (A) receipt by the Company of written notice from Indemnitee advising the Company of the final
        disposition of the applicable Indemnifiable Claim (the date of such receipt being the “Notification Date”) and (B) the selection of an Independent Counsel, if such determination is to be made by Independent Counsel, that is permitted under
        the provisions of Section 7(e) to make such determination, and (ii) Indemnitee shall have fulfilled his or her obligations set forth in the second sentence of Section 7(b), then Indemnitee shall be deemed to have satisfied the applicable Standard
        of Conduct; provided that such 30-day period may be extended for a reasonable time, not to exceed an additional 30 calendar days, if the Person making such determination in good faith requires such additional time for the obtaining or evaluation or
        documentation and/or information relating thereto.

      

      

      
        5

        
          

      

      (d) If (i) Indemnitee shall be entitled to indemnification hereunder against any Indemnifiable Losses pursuant to Section 7(a), (ii) no determination of whether Indemnitee has satisfied any
        applicable standard of conduct under Delaware law is a legally required condition precedent to indemnification of Indemnitee hereunder against any Indemnifiable Losses, or (iii) Indemnitee has been determined or deemed pursuant to Section 7(b) or
        (c) to have satisfied the applicable Standard of Conduct, then the Company shall pay to Indemnitee, within five business days after the later of (x) the Notification Date in respect of the Indemnifiable Claim or portion thereof to which such
        Indemnifiable Losses are related, out of which such Indemnifiable Losses arose or from which such Indemnifiable Losses resulted and (y) the earliest date on which the applicable criterion specified in clause (i), (ii) or (iii) above shall have been
        satisfied, an amount equal to the amount of such Indemnifiable Losses. Nothing herein is intended to mean or imply that the Company is intending to use Section 145(f) of the Delaware General Corporation Law to dispense with a requirement that
        Indemnitee meet the applicable Standard of Conduct where it is otherwise required by such statute.

      

      

      (e) If a Standard of Conduct Determination is required to be, but has not been, made by Independent Counsel pursuant to Section 7(b)(i), the Independent Counsel shall be selected by the Board or a
        Board Committee, and the Company shall give written notice to Indemnitee advising him or her of the identity of the Independent Counsel so selected. If a Standard of Conduct Determination is required to be, or to have been, made by Independent
        Counsel pursuant to Section 7(b)(ii), the Independent Counsel shall be selected by Indemnitee, and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either case, Indemnitee or
        the Company, as applicable, may, within five business days after receiving written notice of selection from the other, deliver to the other a written objection to such selection; provided, however, that such objection may be asserted only on the
        ground that the Independent Counsel so selected does not satisfy the criteria set forth in the definition of “Independent Counsel” in Section 1(h), and the objection shall set forth with particularity the factual basis of such assertion. Absent a
        proper and timely objection, the Person so selected shall act as Independent Counsel. If such written objection is properly and timely made and substantiated, (i) the Independent Counsel so selected may not serve as Independent Counsel unless and
        until such objection is withdrawn or a court has determined that such objection is without merit and (ii) the non-objecting party may, at its option, select an alternative Independent Counsel and give written notice to the other party advising such
        other party of the identity of the alternative Independent Counsel so selected, in which case the provisions of the two immediately preceding sentences and clause (i) of this sentence shall apply to such subsequent selection and notice. If
        applicable, the provisions of clause (ii) of the immediately preceding sentence shall apply to successive alternative selections. If no Independent Counsel that is permitted under the foregoing provisions of this Section 7(e) to make the Standard
        of Conduct Determination shall have been selected within 30 calendar days after the Company gives its initial notice pursuant to the first sentence of this Section 7(e) or Indemnitee gives its initial notice pursuant to the second sentence of this
        Section 7(e), as the case may be, either the Company or Indemnitee may petition the Court of Chancery of the State of Delaware for resolution of any objection which shall have been made by the Company or Indemnitee to the other’s selection of
        Independent Counsel and/or for the appointment as Independent Counsel of a person or firm selected by the Court or by such other person as the Court shall designate, and the person or firm with respect to whom all objections are so resolved or the
        person or firm so appointed will act as Independent Counsel. In all events, the Company shall pay all of the actual and reasonable fees and expenses of the Independent Counsel incurred in connection with the Independent Counsel’s determination
        pursuant to Section 7(b).

       

      

    

    
      8. Presumption of Entitlement. It is the intention of the parties that this Agreement provide Indemnitee with rights to indemnification that are as favorable as may be permitted by Delaware
        law and the public policy of the State of Delaware. Accordingly, the parties agree that the following procedures and presumptions shall apply in the event that there is any question as to whether the Indemnitee is entitled to indemnification under
        this Agreement. Notwithstanding any other provision hereof, in making any Standard of Conduct Determination, the Person making such determination shall presume that Indemnitee has satisfied the applicable Standard of Conduct, if Indemnitee has
        submitted a request for indemnification in accordance with Section 6 of this Agreement, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is
        adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable
        Standard of Conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable Standard of Conduct.

      

      

      
        6

        
          

      

      9. No Other Presumption. For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea
        of nolo contendere or its equivalent, will not create a presumption that Indemnitee did not meet any applicable Standard of Conduct or that indemnification hereunder is otherwise not permitted.

      

      

      10. Reliance as Safe Harbor.  For purposes of any Standard of Conduct Determination, Indemnitee shall be deemed to have complied with the Standard of Conduct if Indemnitee’s action is based
        on the records or books of account of the Company or a Controlled Affiliate, including financial statements, or on information supplied to Indemnitee by the directors, officers or employees of the Company or a Controlled Affiliate in the course of
        their duties, or on the advice of legal counsel for the Company or a Controlled Affiliate or on information or records given or reports made to the Company or a Controlled Affiliate by an independent certified public accountant or by an appraiser
        or other expert selected with the reasonable care by the Company or a Controlled Affiliate. The provisions of this Section 10 shall not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed
        to have met the Standard of Conduct.

      

      

      11. Actions of Others.  The knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Company or a Controlled
          Affiliate shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement.

      

        

      12. Non Exclusivity. The rights of indemnification and to receive advancement of Expenses as provided to Indemnitee hereunder will be in addition to any other rights Indemnitee may have
        under the Constituent Documents, a vote of stockholders, a resolution of directors or the substantive laws of the Company’s jurisdiction of incorporation, any other contract or otherwise (collectively, “Other Indemnity Provisions”);
        provided, however, that (a) to the extent that Indemnitee otherwise would have any greater right to indemnification under any Other Indemnity Provision, Indemnitee will without further action be deemed to have such greater right hereunder, and (b)
        to the extent that any change is made to any Other Indemnity Provision which permits any greater right to indemnification than that provided under this Agreement as of the date hereof, Indemnitee will be deemed to have such greater right hereunder.
        The Company may not, without the consent of Indemnitee, adopt any amendment to any of the Constituent Documents the effect of which would be to deny, diminish or encumber Indemnitee’s right to indemnification under this Agreement or any Other
        Indemnity Provision.

      

      

      13. Liability Insurance and Funding. For the duration of Indemnitee’s service as a director and/or officer of the Company and for not less than six years thereafter, the Company shall use
        commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to cause to be maintained in effect policies of directors’ and officers’ liability insurance providing coverage for
        Indemnitee that is at least as favorable in scope and amount to that provided by the Company’s current policies of directors’ and officers’ liability insurance. Upon request, the Company shall provide Indemnitee or his or her counsel with a copy of
        all directors’ and officers’ liability insurance applications, binders, policies, declarations, endorsements and other related materials. In all policies of directors’ and officers’ liability insurance obtained by the Company, Indemnitee shall be
        named as an insured in such a manner as to provide Indemnitee the same rights and benefits, subject to the same limitations, as are accorded to the Company’s directors and officers most favorably insured by such policy. Notwithstanding the
        foregoing, the Company may, but shall not be required to, create a trust fund, grant a security interest or use other means, including without limitation a letter of credit, to ensure the payment of such amounts as may be necessary to satisfy its
        obligations to indemnify and advance expenses pursuant to this Agreement.

      

      

      
        7

        
          

      

      14. Subrogation. In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the related rights of recovery of Indemnitee
        against other Persons (other than Indemnitee’s successors), including any entity or enterprise referred to in clause (i) of the definition of “Indemnifiable Claim” in Section 1(f). Indemnitee shall execute all papers reasonably required to evidence
        such rights (all of Indemnitee’s reasonable Expenses, including attorneys’ fees and charges, related thereto to be reimbursed by or, at the option of Indemnitee, advanced by the Company).

      

      

      15. No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment to Indemnitee in respect of any Indemnifiable Losses to the extent Indemnitee has
        otherwise already actually received payment (net of Expenses incurred in connection therewith) under any insurance policy, the Constituent Documents and Other Indemnity Provisions or otherwise (including from any entity or enterprise referred to in
        clause (i) of the definition of “Indemnifiable Claim” in Section 1(f)) in respect of such Indemnifiable Losses otherwise indemnifiable hereunder.

      

      

      16. Defense of Claims. Subject to the provisions of applicable policies of directors’ and officers’ liability insurance, the Company shall be entitled to participate in the defense of any
        Indemnifiable Claim or to assume or lead the defense thereof with counsel reasonably satisfactory to the Indemnitee; provided that if Indemnitee determines, after consultation with counsel selected by Indemnitee, that (a) the use of counsel chosen
        by the Company to represent Indemnitee would present such counsel with an actual or potential conflict, (b) the named parties in any such Indemnifiable Claim (including any impleaded parties) include both the Company and Indemnitee and Indemnitee
        shall conclude that there may be one or more legal defenses available to him or her that are different from or in addition to those available to the Company, (c) any such representation by such counsel would be precluded under the applicable
        standards of professional conduct then prevailing, or (d) Indemnitee has interests in the claim or underlying subject matter that are different from or in addition to those of other Persons against whom the Claim has been made or might reasonably
        be expected to be made, then Indemnitee shall be entitled to retain separate counsel (but not more than one law firm plus, if applicable, local counsel in respect of any particular Indemnifiable Claim for all indemnitees in Indemnitee’s
        circumstances) at the Company’s expense. The Company shall not be liable to Indemnitee under this Agreement for any amounts paid in settlement of any threatened or pending Indemnifiable Claim effected without the Company’s prior written consent.
        The Company shall not, without the prior written consent of the Indemnitee, effect any settlement of any threatened or pending Indemnifiable Claim which the Indemnitee is or could have been a party unless such settlement solely involves the payment
        of money and includes a complete and unconditional release of the Indemnitee from all liability on any claims that are the subject matter of such Indemnifiable Claim. Neither the Company nor Indemnitee shall unreasonably withhold its consent to any
        proposed settlement; provided that Indemnitee may withhold consent to any settlement that does not provide a complete and unconditional release of Indemnitee.

      

      

      17. Successors, Binding Agreement and Survival.

      

      

    

    
      (a) The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of
        the Company expressly to assume and agree to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. This Agreement shall be binding upon and inure to the
        benefit of the Company and any successor to the Company, including without limitation any Person acquiring directly or indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation,
        reorganization or otherwise (and such successor will thereafter be deemed the “Company” for purposes of this Agreement), but shall not otherwise be assignable or delegable by the Company.

      

      

      (b) This Agreement shall inure to the benefit of and be enforceable by the Indemnitee’s personal or legal representatives, executors, administrators, heirs, distributees, legatees and other
        successors.

      

      

      
        8

        
          

      

      (c) This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or delegate this Agreement or any rights or obligations hereunder except
        as expressly provided in Sections 17(a) and 17(b). Without limiting the generality or effect of the foregoing, Indemnitee’s right to receive payments hereunder shall not be assignable, whether by pledge, creation of a security interest or
        otherwise, other than by a transfer by the Indemnitee’s will or by the laws of descent and distribution, and, in the event of any attempted assignment or transfer contrary to this Section 17(c), the Company shall have no liability to pay any amount
        so attempted to be assigned or transferred.

      

      

       (d) For the avoidance of doubt, this Agreement shall survive and continue even though Indemnitee may have terminated his or her service as a director, officer, employee, agent or fiduciary of the
        Company or as a director, officer, employee, member, manager, trustee or agent of any other corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise, whether or not for profit, as to which Indemnitee
        is or was serving at the request of the Company.

      

      

    

    
      18. Notices. For all purposes of this Agreement, all communications, including without limitation notices, consents, requests, demands  or approvals, required or permitted to be given
        hereunder must be in writing and shall be deemed to have been duly given when hand delivered or dispatched by electronic facsimile or other electronic transmission (with receipt thereof orally confirmed), or one business day after having been sent
        for next day delivery by a nationally recognized overnight courier service, addressed to the Company (to the attention of the Secretary of the Company) and to Indemnitee at the applicable address shown on the signature page hereto, or to such other
        address as any party may have furnished to the other in writing and in accordance herewith, except that notices of changes of address will be effective only upon receipt.

      

      

      19. Enforcement. The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce
        Indemnitee to serve as a director of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director of the Company.

      

      

      20. Governing Law. The validity, interpretation, construction and performance of this Agreement shall be governed by and construed in accordance with the substantive laws of the State of
        Delaware, without giving effect to the principles of conflict of laws of such State. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the Chancery Court of the State of Delaware for all purposes in connection with
        any action or proceeding which arises out of or relates to this Agreement, waive all procedural objections to suit in that jurisdiction, including without limitation objections as to venue or inconvenience, agree that service in any such action may
        be made by notice given in accordance with Section 18 and also agree that any action instituted under this Agreement shall be brought only in the Chancery Court of the State of Delaware.

      

      

      21. Validity. If any provision of this Agreement or the application of any provision hereof to any Person or circumstance is held invalid, unenforceable or otherwise illegal, the remainder
        of this Agreement and the application of such provision to any other Person or circumstance shall not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal shall be reformed to the extent, and only to the extent,
        necessary to make it enforceable, valid or legal. In the event that any court or other adjudicative body shall decline to reform any provision of this Agreement held to be invalid, unenforceable or otherwise illegal as contemplated by the
        immediately preceding sentence, the parties thereto shall take all such action as may be necessary or appropriate to replace the provision so held to be invalid, unenforceable or otherwise illegal with one or more alternative provisions that
        effectuate the purpose and intent of the original provisions of this Agreement as fully as possible without being invalid, unenforceable or otherwise illegal.

      

      

      22. Miscellaneous. No provision of this Agreement may be waived, modified, supplemented or discharged unless such waiver, modification, supplement or discharge is agreed to in writing
        signed by Indemnitee and the Company. No waiver by either party hereto at any time of any breach by the other party hereto 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. No agreements or representations, oral or otherwise, expressed or implied with respect to the subject matter hereof have been made by either party
        that are not set forth expressly in this Agreement.

      

      

      
        9

        
          

      

      23. Legal Fees and Expenses. It is the intent of the Company that Indemnitee not be required to incur legal fees and or other Expenses associated with the interpretation, enforcement or
        defense of Indemnitee’s rights under this Agreement by litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to Indemnitee hereunder. Accordingly, without limiting the
        generality or effect of any other provision hereof, if it should reasonably appear to Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other Person takes or
        threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or proceeding designed to improperly deny, or to improperly recover from, Indemnitee the benefits provided or intended to be
        provided to Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of Indemnitee’s choice, at the expense of the Company as hereafter provided, to advise and represent Indemnitee in connection
        with any such interpretation, enforcement or defense, including without limitation the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, stockholder or other Person affiliated
        with the Company, in any jurisdiction. Without limiting the generality or effect of any other provision hereof or respect to whether Indemnitee prevails, in whole or in part, in connection with any of the foregoing, the Company will pay and be
        solely financially responsible for any and all attorneys’ and related fees and expenses actually and reasonably incurred by Indemnitee in connection with any of the foregoing.

      

      

      24. Contribution.  To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the
        Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any claim
        relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Claim in order to reflect (i) the relative benefits received by the Company and Indemnitee as
        a result of the event(s) and/or transaction(s) giving cause to such Claim; and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s).

      

      

      25. Certain Interpretive Matters. Unless the context of this Agreement otherwise requires, (a) “it” or “its” or words of any gender include each other gender, (b) words using the singular or
        plural number also include the plural or singular number, respectively, (c) the terms “hereof,” “herein,” “hereby” and derivative or similar words refer to this entire Agreement, (d) the terms “Article,” “Section,” “Annex” or “Exhibit” refer to the
        specified Article, Section, Annex or Exhibit of or to this Agreement, (e) the terms “include,” “includes” and “including” will be deemed to be followed by the words “without limitation” (whether or not so expressed), and (f) the word “or” is
        disjunctive but not exclusive. Whenever this Agreement refers to a number of days, such number will refer to calendar days unless business days are specified and whenever action must be taken (including the giving of notice or the delivery of
        documents) under this Agreement during a certain period of time or by a particular date that ends or occurs on a non-business day, then such period or date will be extended until the immediately following business day. As used herein, “business
        day” means any day other than Saturday, Sunday or a United States federal holiday.

      

      

      26. Entire Agreement. This Agreement and the Constituent Documents constitute the entire agreement, and supersede all prior agreements and understandings, both written and oral, between the
        parties hereto with respect to the subject matter of this Agreement. Any prior agreements or understandings between the parties hereto with respect to indemnification are hereby terminated and of no further force or effect.

      

      

      27. Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original but all of which together shall constitute one and the same
        agreement.

      

      

    

    
      [SIGNATURE PAGE FOLLOWS]

      

      

    

    
      10

      
        

    

    
      IN WITNESS WHEREOF, Indemnitee has executed and the Company has caused its duly authorized representative to execute this Agreement as of the date first above written.

      

      

    

    	
            BRISTOW GROUP INC.

          
	 
	
            By:

          
	
            Name:

          
	
            Title:

          

    
      

      

    

    	
            INDEMNITEE

          
	 
	
            Name:

          
	 
	
            Address:

          

    

    

    [Signature Page to Indemnification Agreement]

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