Document:

EX-10.5

 Exhibit 10.5 

ASHFORD HOSPITALITY PRIME, INC. 

ADVISOR EQUITY INCENTIVE PLAN 

November 5, 2013 

 ASHFORD HOSPITALITY PRIME, INC. 

ADVISOR EQUITY INCENTIVE PLAN 

Table of Contents 
  

							
	ARTICLE I INTRODUCTION	  	 	1	  
	1.1	 	 Purpose
	  	 	1	  
	1.2	 	 Shares Subject to the Plan
	  	 	1	  
	1.3	 	 Administration of the Plan
	  	 	1	  
	1.4	 	 Amendment and Discontinuance of the Plan
	  	 	1	  
	1.5	 	 Granting of Awards
	  	 	2	  
	1.6	 	 Term of Plan
	  	 	2	  
	1.7	 	 Definitions
	  	 	2	  
	ARTICLE II PURCHASED STOCK	  	 	4	  
	2.1	 	 Purchased Stock
	  	 	4	  
	2.2	 	 Purchase Price
	  	 	4	  
	2.3	 	 Payment of Purchase Price
	  	 	4	  
	ARTICLE III BONUS STOCK	  	 	4	  
	ARTICLE IV RESTRICTED STOCK	  	 	4	  
	4.1	 	 Restricted Period and Vesting
	  	 	4	  
	ARTICLE V OTHER STOCK-BASED AWARDS	  	 	5	  
	ARTICLE VI CERTAIN PROVISIONS APPLICABLE TO ALL AWARDS	  	 	5	  
	6.1	 	 General
	  	 	5	  
	6.2	 	 Stand-Alone, Additional, Tandem, and Substitute Awards
	  	 	5	  
	6.3	 	 Term of Awards
	  	 	5	  
	6.4	 	 Form and Timing of Payment under Awards; Deferrals
	  	 	5	  
	6.5	 	 Vested and Unvested Awards
	  	 	6	  
	6.6	 	 Other Provisions
	  	 	6	  
	6.7	 	 Change of Control
	  	 	6	  
	6.8	 	 Ownership Limit
	  	 	7	  
	ARTICLE VII MISCELLANEOUS	  	 	7	  
	7.1	 	 No Rights to Awards
	  	 	7	  
	7.2	 	 No Right to Continued Service
	  	 	7	  
	7.3	 	 Governing Law
	  	 	7	  
	7.4	 	 Severability
	  	 	7	  
	7.5	 	 Other Laws
	  	 	7	  
	7.6	 	 No Guarantee of Tax Consequences
	  	 	8	  
	7.7	 	 Claw-back Policy
	  	 	8	  
	7.8	 	 Transfer of Awards
	  	 	8	  

 ASHFORD HOSPITALITY PRIME, INC. 

ADVISOR EQUITY INCENTIVE PLAN 

ARTICLE I 
 INTRODUCTION

 1.1 Purpose. 

The Ashford Hospitality Prime, Inc. Advisor Equity Incentive Plan (the “Plan”) is intended to promote the
interest of Ashford Hospitality Prime, Inc., a Maryland corporation (the “Company”), and its stockholders by encouraging Ashford Hospitality Advisors LLC, a Delaware limited liability company (together with any successors and
assigns, the “Advisor”), to continue to serve as the advisor for the Company and to acquire or increase its equity interests in the Company, including by way of grants made by the Company as partial payment of the incentive
fee to be paid to the Advisor pursuant to the Advisory Agreement (as defined below), thereby giving it an added incentive to work toward the continued growth and success of the Company. 

1.2 Shares Subject to the Plan. 

The aggregate number of shares of Common Stock, $0.01 par value per share, of the Company (“Common Stock”) that
may be issued under the Plan commencing on November 5, 2013, the date the stockholders approved the Plan set forth herein, shall not exceed 1,600,000 shares of outstanding Common Stock. 

In the event that at any time after the Effective Date the outstanding shares of Common Stock are changed into or exchanged for a different
number or kind of shares or other securities of the Company by reason of a merger, consolidation, recapitalization, reclassification, stock split, stock dividend, combination of shares or the like, the aggregate number and class of securities
available under the Plan shall be ratably adjusted by the Committee (as defined below), whose determination shall be final and binding upon the Company and all other interested persons. In the event the number of shares to be delivered upon the
exercise or payment of any Award granted under the Plan is reduced for any reason whatsoever or in the event any Award granted under the Plan can no longer under any circumstances be exercised or paid, the number of shares no longer subject to such
Award shall thereupon be released from such Award and shall thereafter be available under the Plan for the grant of additional Awards. Shares issued pursuant to the Plan (i) may be treasury shares, authorized but unissued shares or, if
applicable, shares acquired in the open market and (ii) shall be fully paid and nonassessable. 
 1.3 Administration of the Plan.

 The Plan shall be administered by the Committee. Subject to the provisions of the Plan, the Committee shall interpret the Plan and all
Awards under the Plan, shall make such rules as it deems necessary for the proper administration of the Plan, shall make all other determinations necessary or advisable for the administration of the Plan and shall correct any defect or supply any
omission or reconcile any inconsistency in the Plan or in any Award under the Plan in the manner and to the extent that the Committee deems desirable to effectuate the Plan. Any action taken or determination made by the Committee pursuant to this
and the other paragraphs of the Plan shall be final, binding and conclusive on all parties. The act or determination of a majority of the Committee shall be deemed to be the act or determination of the Committee. 

1.4 Amendment and Discontinuance of the Plan. 

The Board of Directors of the Company (the “Board”) may amend, suspend or terminate the Plan; provided, however, no
amendment, suspension or termination of the Plan may, without the consent of the Advisor, terminate an Award or adversely affect the Advisor’s rights with respect to an Award in any material respect; provided further, however, that any
amendment which would constitute a “material revision” of the Plan (as that term is used in the rules of the New York Stock Exchange) shall be subject to shareholder approval. 

 1.5 Granting of Awards. 

The Committee shall have the authority to grant, prior to the expiration date of the Plan, Awards to the Advisor on the terms and conditions
hereinafter set forth in the Plan. In determining the Awards to be granted, including the type and size of the Award, the Committee may consider any factors that it may deem relevant. 

1.6 Term of Plan. 

The Plan shall be effective as of November 5, 2013 (the “Effective Date”), subject to approval by the
shareholders of the Company. The provisions of the Plan are applicable to all Awards granted on or after the Effective Date. If not sooner terminated under the provisions of Section 1.4, the Plan shall terminate upon, and no further
Awards shall be made, after the tenth anniversary of the Effective Date.  
 1.7 Definitions. 

As used in the Plan, the following terms shall have the meanings set forth below: 

“1934 Act” means the Securities Exchange Act of 1934, as amended. 

“Advisory Agreement” means the advisory agreement, dated as of November 19, 2013, between the Company, Ashford
Hospitality Prime Limited Partnership, a Delaware limited partnership, and the Advisor. 
 “Affiliate” means
(i) Remington, (ii) any entity in which the Company, the Advisor or Remington, directly or indirectly, owns 10% or more of the combined voting power, as determined by the Committee, (iii) any “parent corporation” of the
Company, the Advisor or Remington (as defined in Section 424(e) of the Code), (iv) any “subsidiary corporation” of any such parent corporation (as defined in Section 424(f) of the Code) of the Company, the Advisor or
Remington and (v) any trades or businesses, whether or not incorporated which are members of a controlled group or are under common control (as defined in Sections 414(b) or (c) of the Code) with the Company, the Advisor or Remington. 

“Awards” means, collectively, Bonus Stock, Restricted Stock or Other Stock-Based Awards. 

“Bonus Stock” is defined in Article III. 

“Change of Control” shall be deemed to have occurred upon any of the following events: 

(i) any “person” (as defined in Section 3(a)(9) of the 1934 Act, and as modified in Section 13(d) and 14(d)
of the 1934 Act) other than (A) the Company or any of its subsidiaries, (B) any employee benefit plan of the Company or any of its subsidiaries, (C) Remington, the Advisor or any of their respective Affiliates, (D) a company
owned, directly or indirectly, by stockholders of the Company in substantially the same proportions as their ownership of the Company, or (E) an underwriter temporarily holding securities pursuant to an offering of such securities, becomes the
“beneficial owner” (as defined in Rule 13d-3 of the 1934 Act), directly or indirectly, of securities of the Company representing 30% or more of the shares of voting stock of the Company then outstanding; provided, however, that an initial
public offering of Common Stock shall not constitute a Change of Control; 
 (ii) the consummation of any merger,
organization, business combination or consolidation of the Company or one of its subsidiaries with or into any other company, other than a merger, reorganization, business combination or consolidation which would result in the holders of the voting
securities of the Company outstanding immediately prior thereto holding securities which represent immediately after such merger, reorganization, business combination or consolidation more than 50% of the combined voting power of the voting
securities of the Company or the surviving company or the parent of such surviving company; 
 (iii) the consummation of a
sale or disposition by the Company of all or substantially all of the Company’s assets, other than a sale or disposition if the holders of the voting securities of the Company outstanding immediately prior thereto hold securities immediately
thereafter which represent more than 50% 

  
 -2- 

 
of the combined voting power of the voting securities of the acquiror, or parent of the acquiror, of such assets, or the stockholders of the Company approve a plan of complete liquidation or
dissolution of the Company; or 
 (iv) individuals who, as of the Effective Date, constitute the Board (the
“Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the Effective Date whose election by the Board, was approved by
a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of an election contest with respect to the election or removal of directors or other solicitation of proxies or consents by or on behalf of a person other than the Board. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, and the rules and regulations
thereunder. 
 “Committee” means the compensation committee appointed by the Board to administer the Plan
or, if none, the Board. 
 “Fair Market Value” or “FMV Per Share”. The Fair Market Value or
FMV Per Share of the Common Stock shall be the closing price on the New York Stock Exchange or other national securities exchange or over-the-counter market, if applicable, for the date of the determination or, if no trade of the Common Stock shall
have been reported for such date, the closing sales price quoted on such exchange for the most recent trade prior to the determination date. If shares of the Common Stock are not listed or admitted to trading on any exchange, over-the-counter market
or any similar organization as of the determination date, the FMV Per Share shall be determined by the Committee in good faith using any fair and reasonable means selected in its discretion. 

“Other Stock-Based Award” means an award granted pursuant to Article V of the Plan that may be denominated or
payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Common Stock, as deemed by the Committee to be consistent with the purposes of the Plan, including, without limitation, rights convertible or exchangeable
into Common Stock, purchase rights for Common Stock, Awards with value and payment and/or settlement contingent upon performance of the Company or any other factors designated by the Committee, and Awards valued by reference to the value of Common
Stock or the value of securities of or the performance of specified subsidiaries. 
 “Outstanding Company Common
Stock” means, as of any date of determination, the then outstanding shares of Common Stock of the Company. 

“Outstanding Company Voting Securities” means, as of any date of determination, the combined voting power of
the then outstanding voting securities of the Company entitled to vote generally on the election of directors. 

“Purchased Stock” is defined in Section 2.1. 

“Remington” means Remington Lodging & Hospitality LLC, a Delaware limited liability company, and its
affiliates. 
 “Restricted Period” shall mean the period established by the Committee with respect to an
Award during which the Award either remains subject to forfeiture or is not exercisable by the Advisor. 

“Restricted Stock” shall mean any share of Common Stock, prior to the lapse of restrictions thereon, granted
under Article IV of the Plan. 

  
 -3- 

 ARTICLE II 

PURCHASED STOCK 
 2.1
Purchased Stock. 
 The Committee shall have the authority to authorize the sale of shares of Common Stock
(“Purchased Stock”) to the Advisor, on such terms and conditions as it may establish, subject to the further provisions of this Article II. Each issuance and sale of Purchased Stock under this Plan shall be evidenced by an
agreement which shall be subject to applicable provisions of this Plan and to such other provisions not inconsistent with this Plan as the Committee may approve for the particular sale transaction. 

2.2 Purchase Price. 
 The
price per share of Purchased Stock under this Plan shall be determined in the sole discretion of the Committee, and may be less than, but shall not be greater than the FMV Per Share at the time of purchase. 

2.3 Payment of Purchase Price. 

Payment of the purchase price for Purchased Stock under this Plan shall be made in full in cash or by check payable and acceptable to the
Company. 
 ARTICLE III 

BONUS STOCK 
 The Committee
may, from time to time and subject to the provisions of the Plan, grant shares of Bonus Stock to the Advisor. “Bonus Stock” shall be shares of Common Stock that are not subject to a Restricted Period under Article IV. Unless otherwise
agreed to by the Advisor, Awards granted to the Advisor as partial payment of the incentive fee pursuant to the terms of the Advisory Agreement will be in the form of Bonus Stock. 

ARTICLE IV 
 RESTRICTED
STOCK 
 4.1 Restricted Period and Vesting. 

(a) Unless the Award specifically provides otherwise, Restricted Stock shall be subject to restrictions on transfer by the Advisor and
repurchase by the Company such that the Advisor shall not be permitted to transfer such shares and the Company shall have the right to repurchase or recover such shares for the lesser of the FMV Per Share on the forfeiture day or the amount of cash
paid therefor, if any, if the Advisory Agreement is terminated, provided that such transfer and repurchase restrictions shall lapse with respect to 33.33% of such initial shares on the first anniversary of the date of grant and on each subsequent
anniversary of the date of grant that the Advisor shall remain continuously in service to the Company. 
 (b) Each certificate representing
Restricted Stock awarded under the Plan shall be registered in the name of the Advisor and, during the Restricted Period, shall be left in deposit with the Company and a stock power endorsed in blank. The grantee of Restricted Stock shall have all
the rights of a stockholder with respect to such shares including the right to vote and the right to receive dividends or other distributions paid or made with respect to such shares. Any certificate or certificates representing shares of Restricted
Stock shall bear a legend similar to the following: 
 The shares represented by this certificate have been issued pursuant to the terms of
the Ashford Hospitality Prime, Inc. Advisor Equity Incentive Plan and Grant of Restricted Stock dated                 ,
20        and may not be sold, pledged, transferred, assigned or otherwise encumbered in any manner except as is set forth in the terms of such plan or grant. 

  
 -4- 

 ARTICLE V 

OTHER STOCK-BASED AWARDS 

The Committee is hereby authorized to grant to the Advisor, Other Stock-Based Awards, which shall consist of a right which (i) is not an
Award described in any other Article and (ii) is denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, shares of Common Stock (including, without limitation, securities convertible into
shares of Common Stock) or cash as are deemed by the Committee to be consistent with the purposes of the Plan. Subject to the terms of the Plan, the Committee shall determine the terms and conditions of any such Other Stock-Based Award. 

ARTICLE VI 
 CERTAIN
PROVISIONS APPLICABLE TO ALL AWARDS 
 6.1 General. 

Awards may be granted on the terms and conditions set forth herein. In addition, the Committee may impose on any Award or the exercise thereof,
such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall determine, including terms requiring forfeiture of Awards in the event of termination of the Advisory Agreement and terms permitting the
Advisor to make elections relating to its Award. The Committee shall retain full power and discretion to accelerate or waive, at any time, any term or condition of an Award that is not mandatory under this Plan. Except in cases in which the
Committee is authorized to require other forms of consideration under the Plan, or to the extent other forms of consideration must be paid to satisfy the requirements of the Maryland General Corporation Law, no consideration other than services may
be required for the grant of any Award. 
 6.2 Stand-Alone, Additional, Tandem, and Substitute Awards. 

Awards granted under the Plan may, in the discretion of the Committee, be granted either alone or in addition to, in tandem with, or in
substitution or exchange for, any other Award or any award granted under another plan of the Company, the Advisor, any of their respective Affiliates, or any business entity to be acquired by the Company, the Advisor or any of their respective
Affiliates, or any other right of the Advisor to receive payment from the Company or its Affiliates. Such additional, tandem and substitute or exchange Awards may be granted at any time. If an Award is granted in substitution or exchange for another
Award, the Committee shall require the surrender of such other Award in consideration for the grant of the new Award. In addition, Awards may be granted in lieu of cash compensation, including in lieu of cash amounts payable under other plans of the
Company or its Affiliates. 
 6.3 Term of Awards. 

The term or Restricted Period of each Award that is Restricted Stock shall be for such period as may be determined by the Committee; provided
that in no event shall the term of any such Award exceed a period of ten (10) years. 
 6.4 Form and Timing of Payment under Awards;
Deferrals. 
 Subject to the terms of the Plan and any applicable Award agreement, payments to be made by the Company or a subsidiary
upon the exercise of an Award, or settlement of an Award may be made in a single payment or transfer, in installments, or on a deferred basis. The settlement of any Award may, subject to any limitations set forth in the Award agreement, be
accelerated and cash paid in lieu of shares in connection with such settlement, in the discretion of the Committee or upon occurrence of one or more specified events. Installment or deferred payments may be required by the Committee (subject to
Section 1.4 of the Plan, including the consent provisions thereof in the case of any deferral of an outstanding Award not provided for in the original Award agreement) or 

  
 -5- 

 
permitted at the election of the Advisor on terms and conditions established by the Committee. Payments may include, without limitation, provisions for the payment or crediting of reasonable
interest on installment or deferred payments or the grant or crediting of amounts in respect of installment or deferred payments denominated in shares. 

6.5 Vested and Unvested Awards. 

After the satisfaction of all of the terms and conditions set by the Committee with respect to an Award of Restricted Stock, a certificate,
without the legend set forth in Section 4.1(b), for the number of shares that are no longer subject to such restrictions, terms and conditions shall be delivered to the Advisor. Upon termination of the Advisory Agreement under
circumstances that do not cause the Advisor to become fully vested, any remaining unvested shares of Restricted Stock or Other Stock-Based Awards, as the case may be, shall either be forfeited back to the Company or, if appropriate under the terms
of the Award, shall continue to be subject to the restrictions, terms and conditions set by the Committee with respect to such Award. 

6.6 Other Provisions. 
 No
grant of any Award shall be construed as limiting any right which the Company may have to terminate the Advisory Agreement, pursuant to the terms thereof. 

6.7 Change of Control. 

In the event of a Change of Control, the following provisions shall apply. 

(a) General. Unless otherwise provided in the Award, in connection with a Change of Control, the Board shall have the
authority in its sole discretion to take any one or more of the following actions with respect to the Awards: 
 (i)
The Board may accelerate vesting of any unvested Awards; 
 (ii) the Board may waive, alter and/or amend the performance
goals and other restrictions and conditions of Awards then outstanding, with the result that the affected Awards may be deemed vested, and the Restricted Period or other limitations on payment in full with respect thereto shall be deemed to have
expired, as of the date of the Change of Control or such other date as may be determined by the Board; 
 (iii) the Board may
cause the acquirer to assume the Plan and the Awards or exchange the Awards for awards for the acquirer’s stock; 
 (iv)
the Board may terminate the Plan; and 
 (v) the Board may terminate and cancel all outstanding unvested or unexercised
Awards as of the date of the Change of Control on such terms and conditions as it deems appropriate. 
 Notwithstanding the above provisions
of this Section 6.7(a), the Board shall not be required to take any action described in the preceding provisions of this Section 6.7(a), and any decision made by the Board, in its sole discretion, not to take some or all
of the actions described in the preceding provisions of this Section 6.7(a) shall be final, binding and conclusive with respect to the Company and all other interested persons. 

(b) Right to Cash-Out. The Board shall, in connection with a Change of Control, have the right to require the Advisor to
transfer and deliver to the Company all Awards previously granted to the Advisor in exchange for an amount equal to the Cash Value (as defined below) of the Awards. Such right shall be exercised by written notice to the Advisor. The amount payable
to the Advisor by the Company shall be in cash or by certified check paid within five (5) days following the transfer and delivery of such Award (but in no event later than fifty (50) days following the date of the Change of Control).
“Cash Value” of an Award means the sum of (i) in the case of any Award which is not an Award of Restricted Stock, the value of all benefits to which the Advisor 

  
 -6- 

 
would be entitled as if the Award were vested and settled or exercised and (ii) in the case of an Award of Restricted Stock, the FMV Per Share of Restricted Stock, multiplied by the
number of shares subject to such Award, all as determined by the Board as of the date of the Change of Control or such other date as may be determined by the Board. 

6.8 Ownership Limit. 

Notwithstanding any provision of the Plan or the terms of any Awards, the Company shall not be required to, and shall not, issue any Awards
hereunder if such issuance would cause the Company to violate the Ownership Limits set forth in its Articles of Amendment and Restatement. As used herein and in the Company’s Articles of Amendment and Restatement, the term “Ownership
Limit” means (i) with respect to any class or series shares of Common Stock, 9.8% (in value or number of shares, whichever is more restrictive) of the outstanding shares of such class or series of Common Stock of the Company and
(ii) with respect to any class or series of shares of preferred stock or other stock, 9.8% (in value or number of shares, whichever is more restrictive) of the outstanding shares of such class or series of preferred stock or other stock of the
Company. 
 ARTICLE VII 

MISCELLANEOUS 
 7.1 No
Rights to Awards. 
 The Advisor shall not have any claim to be granted any Award and the terms and conditions of Awards need not be the
same with respect to each grant of an Award. 
 7.2 No Right to Continued Service. 

The grant of an Award shall not be construed as giving the Advisor the right to continue to provide services to the Company or any of its
Affiliates. Further, the Company may at any time terminate the Advisory Agreement, pursuant to the terms thereof, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or in any Award agreement. 

7.3 Governing Law. 
 The
validity, construction, and effect of the Plan and any rules and regulations relating to the Plan shall be determined in accordance with applicable federal law and the laws of the State of Maryland, without regard to any principles of conflicts of
law. 
 7.4 Severability. 

If any provision of the Plan or any Award is, becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to the
Advisor or any Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended
without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction or Award and the remainder of the Plan and any such Award shall remain in full force
and effect. 
 7.5 Other Laws. 

The Committee may refuse to issue or transfer any shares or other consideration under an Award if, acting in its sole discretion, it determines
that the issuance of transfer or such shares or such other consideration might violate any applicable law. 

  
 -7- 

 7.6 No Guarantee of Tax Consequences. 

The Advisor shall be solely responsible for and liable for any tax consequences (including but not limited to any interest or penalties) as a
result of its participation in the Plan. None of the Board, the Company or the Committee makes any commitment or guarantee that any federal, state or local tax treatment will apply or be available to the Advisor and assumes no liability whatsoever
for the tax consequences to the Advisor. 
 7.7 Claw-back Policy. 

All Awards (including any proceeds, gains or other economic benefit actually or constructively received by the Advisor upon any receipt or
exercise of any Award or upon the receipt or resale of any shares of Common Stock underlying the Award) shall be subject to the provisions of any claw-back policy implemented by the Company, the Advisor or any Affiliate, as applicable, including,
without limitation, any claw-back policy adopted to comply with the requirements of any federal or state laws and any rules or regulations promulgated thereunder, to the extent set forth in such claw-back policy and/or in the applicable Award
agreement. 
 7.8 Transfer of Awards. 

Following the end of any applicable Restricted Period for any Awards granted to the Advisor pursuant to this Plan, unless otherwise limited in
the Award agreement or the underlying Award itself, the Advisor may allocate all or a portion of any Award, or ownership or profits interests in any Award, to the Advisor’s officers or other personnel of the Advisor or its Affiliates. Any such
allocation shall not affect the applicable terms of this Plan or any such Award. 

  
 -8-EX-10.6

 Exhibit 10.6 

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

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

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

	I.	DEFINITIONS / INFORMATION FOR THIS AGREEMENT 

  

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

Title: Director Fleet Planning and Analysis
 Address:

 
 Phone: (602) 276-7500

Fax:

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

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

Fax:

  
  

Page 1 of 21 

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

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

Attention: Vice President, Legal Services & Corporate Secretary

Address:  4740 Agar Drive

                Richmond, British Columbia

                Canada

                V7B 1A3

 
	  	

  

	II.	SIKORSKY’S COMMITMENTS TO THE CUSTOMER 

  

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

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

 

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

  

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

  

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

  
  

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

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

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

 

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

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

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

	7	[***] 

  

	III.	INSPECTION, ACCEPTANCE, DELIVERY AND TITLE TRANSFER 

  

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

  
  

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

  

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

  

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

  

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

  
  

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

  

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

  

	IV.	PAYMENT AND INVOICE OBLIGATIONS 

  

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

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

  
  

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

	 	1.	For [***]: 

  

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

  

	 	2.	For [***]: 

  

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

  

	 	3.	For [***]: 

  

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

  

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

  

	 	4.	For [***]: 

  

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

  

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

  

	2	[***] 

  

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

  

	4	[***] 

  

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

  
  

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

  

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

  

	V.	HELICOPTER RELATED PROVISIONS 

  

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

  

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

  

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

  
  

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

 

	5	Separate Consideration Items for the Helicopter Configuration – 

  

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

  

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

 

	 	a.	[***] 

  

	 	b.	[***] 

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

  
  

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

  

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

  

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

 

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

 

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

  

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

  

	 	7.3.1.1	Aircraft Completion Specification 

	 	7.3.1.2	Audio Specification (if applicable) 

	 	7.3.1.3	Interior Configuration Document 

  
  

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	 	7.3.1.4	Interior Material Board 

	 	7.3.1.5	Seat Upholstery Style (if applicable) 

	 	7.3.1.6	Exterior Paint Rendering (if applicable) 

	 	7.3.1.7	Exterior Paint Colors 

	 	7.3.1.8	Exterior Paint Production Drawing 

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

	 	7.3.1.10	Registration numbers and ICAO addresses for each Helicopter 

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

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

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

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

For existing certified options or development options: 

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

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

  
  

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

  

	9	[***] 

  

	10	Charter Time – [***] 

  

	VI.	INTERNATIONAL SALES PROVISIONS 

  

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

 

	 	(i)	the intended destination for the Custom Helicopter; 

  

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

 

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

  
  

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

 

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

 

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

  

	 	a.	the applicable legal name of the entity; 

	 	b.	address of such entity; 

	 	c.	country of incorporation for such entity; 

	 	d.	name of point of contact; and 

	 	e.	telephone number of point of contact. 

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

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

  

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

  

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

  

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

  
  

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

  

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

  

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

 

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

  

	VII.	TERMS AND CONDITIONS 

  

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

  
  

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	2	Delays by Sikorsky – [***] 

  

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

  
  

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

 

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

  

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

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

  

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

  

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

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

  

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

  

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

  

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

  

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

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

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

 ATTACHMENTS: 
  

	Exhibit A	Prices, Delivery Schedule. and Payment Schedule 

	Exhibit B	Helicopter Configuration 

	Exhibit C	Publications 

	Exhibit D	Training 

	Exhibit E	Warranty 

	Exhibit F	Spare Parts Provisioning and Technical Support 

	Exhibit G	Acceptance Certificates 

	     Part I	Form of Certificate of Helicopter Acceptance 

	Exhibit H	General Electric Engine Warranty 

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT A 

Price, Delivery, and Payment Schedule — Firm Helicopters 
  

											
	
FIRM

HELICOPTER
	 	Delivery	 	Price
	Helicopter #	 	 Scheduled
Presentation

Date Baseline
Helicopter*
	 	 Scheduled
Presentation

Date Completion
Services*
	 	 Baseline

Helicopter
Unit Price
	 	 Completion

Services Unit

Price
	 	 Custom

Helicopter
 Unit
Price

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

  

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

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

  

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

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

  

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

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

  

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

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

  

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT A 

Price, Delivery, and Payment Schedule — Option Helicopters 

 

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

  

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

  
  

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 SEPARATE CONSIDERATION ITEMS FOR THE OFFSHORE HELICOPTER CONFIGURATION 

 

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

	 [***]
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[***]

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[***]

	 [***]
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[***]

	 [***]
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[***]

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

	 [***]
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[***]

	 [***]
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[***]

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

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

	 [***]
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[***]

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[***]

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[***]

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[***]

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

	 [***]
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[***]

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT B 

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

Part 1 
 Baseline Helicopter Items

 PROPULSION 
 [***] 

ROTOR SYSTEMS 
 [***] 

FLIGHT CONTROL SYSTEMS  
 [***] 

AVIONICS SYSTEMS 
 [***] 

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

 AIRFRAME FEATURES 
 [***] 

ELECTRICAL SYSTEM 
 [***] 

FUEL SYSTEM 
 [***] 

LIGHTING 
 [***] 

COCKPIT AND CABIN FURNISHINGS & COMFORT SYSTEM 

[***] 
 LOOSE TOOLS & EQUIPMENT 

[***] 
 

OFFSHORE HELICOPTER CONFIGURATION 
 Part 2

 Custom Completion Center Installed Items for Offshore Configuration 
  

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

  

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

  

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

  

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

  

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

 
  

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

  

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

  

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT C 

PUBLICATIONS 
  

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

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

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

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

  

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

 

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT D 

TRAINING 
  

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

 

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

  

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

  

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

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

  

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

 

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

  

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

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

  

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

  

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

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

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

 

	10	Personnel to Receive Training – [***] 

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT E 

WARRANTY 
  

	1.	WARRANTY 

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

	2.	DURATION 

  

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

  

	3.	SIKORSKY OBLIGATIONS 

  

	A.	REPAIR/REPLACEMENT. 

  

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

  

	 	(ii)	[***] 

  

	 	(iii)	[***] 

  

	B.	[***] 

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	4.	CUSTOMER’S OBLIGATIONS 

  

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

 

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

 

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

 

	5.	TRANSPORTATION 

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

	6.	WARRANTY ON REPLACEMENT PARTS 

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

	7.	EXCLUSIONS 

 This warranty does not apply to: 

 

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

  

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

 

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

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

 

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

 

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

 

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

  

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

  

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

  

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

 

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

 

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

  

	8.	DISCLAIMER 

  

	A.	TITLE 

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

  
  

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	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

	B.	PATENT INFRINGEMENT 

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

	C.	EXCLUSIVE WARRANTIES & REMEDIES 

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

  
  

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	9.	GENERAL 

  

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

  

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

  
  

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 EXHIBIT F 

SPARE PARTS PROVISIONING AND TECHNICAL SUPPORT 

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

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

  
  

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 EXHIBIT G

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

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

[CUSTOMER] 
 By: 

Name: 
 Title: 

  
  

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

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT G

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

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

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

By: 
 Name: 

Title: 

  
  

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

					
	 

	  	S-92 NEW HELICOPTER SALES AGREEMENT	  	

  
  

 

 EXHIBIT H 

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

[***] 

  
  

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

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