Document:

exv10w1

Exhibit 10.1

Quanta Services, Inc.

Term Sheet

Annual Incentive Plan 2009 – Corporate

	 	 	 
	Participants

	 	Employees will be selected to participate in the
Annual Incentive Plan at the discretion of the CEO
with the approval of the Compensation Committee.
	 
	 	 
	Target Incentive

	 	§       Target incentive ranges have been or will be
developed for each participant in the Plan.

	 	§	 	Management will make recommendations to the
Compensation Committee regarding the target incentive
for each participant based on a competitive range.

	 	 	 
	Performance Measures

	 	§       The annual incentive will be based on an
operating income target to be determined annually by
the Compensation Committee. This target will be
adjusted, as appropriate, at the discretion of the
Compensation Committee to take into account any
business acquisitions or divestitures during the Plan
year.

	 	§	 	For purposes of the plan, operating income
will be operating income ( before goodwill
amortization, gain (loss) on sale of assets and
non-cash compensation) less interest expense, net of
interest income.
	 
	 	§	 	There will be no discretionary portion for
the annual incentive.

Incentive Determination

	 	 	 
	Percentage of Target /	 	Incentive as a % of
	Objective Obtained	 	Target Incentive
	Less than 75%
	 	0%
	75%
	 	25%
	80%
	 	40%
	85%
	 	55%
	90%
	 	70%
	95%
	 	85%
	100%
	 	100%
	150%
	 	150%
	200% or greater
	 	200%

	 	§	 	The amount of incentive earned will be based on
the table above.
	 
	 	§	 	The salary to be used in the calculation will be
the base salary in effect on the December 31 immediately
preceding the date of the calculation.
	 
	 	§	 	When performance falls between the designated
points in the table, the incentive will be determined by
interpolation.

 

 

	 	 	 
	Limitations

	 	§       Any calculated incentive will be subject to (i)
assessment of overall company performance to ensure that
payout of calculated incentives will not jeopardize the
financial stability of the company and (ii) approval by
the Compensation Committee.

	 	§	 	A participant must be employed by the company on
the date the bonus is paid. Any participant not employed
by the company on the payment date forfeits any and all
rights to such bonus. It is the company’s intention to
pay bonuses earned under the plan in March following the
end of the calculation period.
	 
	 	§	 	A new participant added to this Plan during the
Plan year will be pro-rated from their date of hire. In
any event, a new participant must be employed by October
1 to be eligible for incentives in the current plan year
        .

	 	 	 
	Incentive Payout

	 	Any incentive earned under the Annual Incentive Plan is
intended to be paid in cash.

2

 

Quanta Services, Inc.

Term Sheet

Supplemental Incentive Plan 2009 – Corporate

	 	 	 
	Participants

	 	§       Employees will be selected to participate in
the Supplemental Incentive Plan annually at the
discretion of the CEO with the approval of the
Compensation Committee.

	 	§	 	For purposes of the supplemental incentive,
Corporate participants will be classified annually
into two categories: Stock Eligible or Cash-only
Eligible participants, at the discretion of the CEO
with the approval of the Compensation Committee.

	 	 	 
	Performance Measures

	 	Performance Award
	 
	 	 
	 

	 	Fifty percent of a participant’s supplemental
incentive value will be based on return on equity
after eliminating the effects of goodwill (ROE)
versus the target for the year. This target will be
determined annually by the Compensation Committee.
The target will be adjusted as appropriate, at the
discretion of the Compensation Committee, to take
into account any business acquisitions or
dispositions during the Plan year.
	 
	 	 
	 

	 	Individual Performance Award
	 
	 	 
	 

	 	The remaining fifty percent of a participant’s
supplemental incentive value will be determined on a
discretionary basis. The Individual Performance
Award will be based on obtaining pre-established
objectives established for each participant for the
year and on exhibiting ethical behavior and
compliance with the Code of Ethics and Business
Conduct.

Incentive Determination

	 	 	 
	Percentage of Target /	 	Incentive as a % of
	Objective Obtained	 	Target Incentive
	Less than 75%
	 	0%
	75%
	 	25%
	80%
	 	40%
	85%
	 	55%
	90%
	 	70%
	95%
	 	85%
	100%
	 	100%
	150%
	 	150%
	200% or greater
	 	200%

	 	§	 	The Performance Award will be determined
according to the table above.
	 
	 	§	 	When performance falls between the designated
points in the table, the incentive will be determined by
interpolation.

3

 

	 	 	 
	Limitations

	 	§       Any calculated incentive will be subject to (i)
assessment of overall company performance to ensure that
payout of calculated incentives will not jeopardize the
financial stability of the company and (ii) approval by
the Compensation Committee.

	 	§	 	In any year, stock awarded under this and all
other plans shall not exceed 1% of the outstanding stock.
The Compensation Committee and the Board of Directors
will review this limitation annually.
	 
	 	§	 	A participant must be employed by the company on
the date the bonus is paid. Any participant not employed
by the company on the payment date forfeits any and all
rights to such bonus. It is the company’s intention to
pay bonuses earned under the plan in March following the
end of the calculation period.
	 
	 	§	 	A new participant added to this Plan during the
Plan year will be pro-rated from their date of hire. In
any event, a new participant must be employed by October
1 to be eligible for incentives in the current plan year

	 	 	 
	Incentive Payout

	 	§        Stock Eligible participants, at the election of
the CEO with approval by the Compensation Committee, may
receive any incentive earned under the Supplemental plan
in cash, restricted stock or a combination thereof.
Subject to the above limitations, the portion of the
incentive awarded in restricted stock will be multiplied
by 1.10 and then that amount will be divided by the
current stock price to determine the number of shares.
Any shares awarded will vest ratably over a three-year
period following the date of grant. A participant
receiving restricted stock must be employed by the
company at each vesting date. If a participant leaves
the employment of the company, all unvested restricted
stock awards are forfeited.

	 	§	 	Cash-only Eligible participants will receive any
incentive earned for the year in cash.

4

 

Quanta Services, Inc.

Term Sheet

Annual Incentive Plan 2009 – Operating Units

	 	 	 
	Participants

	 	Employees will be selected to participate in the
Annual Incentive plan annually at the discretion of
the CEO with the approval of the Compensation
Committee.
	 
	 	 
	Target Incentive

	 	§       Target incentive ranges have been or will be
developed for each participant in the Plan.

	 	§	 	Management will make recommendations to the
Compensation Committee regarding the target incentive
for each participant based on a competitive range.
	 
	Performance Measures	§	 	The Annual Incentive for each Operating Unit
will be based on an operating income target to be
approved by the Compensation Committee annually.
	 
	 	§	 	For purposes of the plan, operating income
will be defined as operating income before goodwill,
plus/minus insurance true-up, plus/minus intercompany
interest income or expense, less external interest
expense, and excluding gains or losses on sales of
property and equipment.
	 
	 	§	 	There will be no discretionary portion for
the annual incentive.

Incentive Determination

	 	 	 
	Percentage of Target /	 	Incentive as a % of
	Objective Obtained	 	Target Incentive
	Less than 75%
	 	0%
	75%
	 	25%
	80%
	 	40%
	85%
	 	55%
	90%
	 	70%
	95%
	 	85%
	100%
	 	100%
	150%
	 	150%
	200% or greater
	 	200%

	 	§	 	Subject to the limitations described below, the
amount of incentive will be determined based on the table
above.
	 
	 	§	 	The salary to be used in the incentive
calculation will be the base salary in effect on the
December 31 immediately preceding the date of the
calculation.
	 
	 	§	 	When performance falls between the designated
points in the table, the incentive will be determined by
interpolation.

5

 

	 	 	 
	Limitations

	 	§       The bonus calculation is subject to the following
limitations; sequenced as follows:

Step 1:

Is target bonus pool > 10% of the operating income
before goodwill and after insurance true-up (before
consideration of intercompany interest income or expense,
interest expense, and gains or losses on the sale of
property and equipment)?

          If Yes, Go to Step 2.

          If No, use the Incentive Determination chart above. Any
bonus earned (for the aggregate pool) is limited to 10%
of operating income (as defined). Further, any
individual bonuses are capped at 200% of the target
bonus.

Step 2:

Has the Operating Income Goal been met or exceeded? If
Yes, go to b., If No, go to a.

	 	a.	 	Use the Incentive Determination chart above with the
following limitations: Bonuses earned under this section
( for the pool) are limited to 10% of actual operating
income (as defined).
	 
	 	b.	 	Use the Incentive Determination chart above with the
following limitations:
	 
	 	 	 	Up to 10% of the operating income goal (as defined) can
be earned by the pool participants. For every dollar of
operating income (as defined) in excess of the operating
income goal, $.25 will be contributed to the bonus pool.
Add this amount to the results of the Incentive
Determination chart. The total contribution under this
paragraph b. is limited to 100% of the target bonus for
each of the pool participants.

	 	§	 	Any calculated incentive will be subject to (i)
assessment of overall company performance to ensure that
payout of calculated incentives will not jeopardize the
financial stability of the company and (ii) approval by
the Compensation Committee.

6

 

	 	§	 	A participant must be employed by the company on
the date the bonus is paid. Any participant not employed
by the company on the payment date forfeits any and all
rights to such bonus. It is the company’s intention to
pay bonuses earned under the plan in March following the
end of the calculation period.
	 
	 	§	 	A new participant added to this Plan during the
Plan year will be pro-rated from their date of hire. In
any event, a new participant must be employed by October
1 to be eligible for incentives in the current plan year.

	 	 	 
	Incentive Payout

	 	Any incentive earned under the Annual Incentive Plan is
intended to be paid in cash.

7

 

Quanta Services, Inc.

Term Sheet

Supplemental Incentive Plan

2009 – Operating Units

	 	 	 
	Participants

	 	§       Employees will be selected
to participate in the Supplemental
Incentive Plan annually at the
discretion of the CEO with the
approval of the Compensation
Committee.

	 	§	 	For purposes of the
supplemental incentive, Field Unit
participants will be classified into
two categories: Stock Eligible or
Cash-only Eligible participants, at
the discretion of the CEO with the
approval of the Compensation
Committee.

	 	 	 
	Target Incentive

	 	Each participant will be assigned a
target supplemental incentive
expressed as a dollar value
annually.
	 
	 	 
	Performance
Measures and 

Incentive Determination
	 	Performance Award:

	 	§	 	Fifty percent of a
participant’s supplemental incentive
value will be based on Modified
Return on Asset (MROA) performance
versus target.
	 
	 	§	 	MROA will be calculated by
dividing net operating income by
total assets. Operating Income is
defined as operating income before
goodwill, after insurance true-up
(before consideration of
intercompany interest income or
expense, interest expense, and gains
or losses on the sale of property
and equipment). Total assets will
be based on the quarterly average
for the fiscal year excluding
inter-company accounts and cash on
hand.
	 
	 	§	 	The Performance Award will
be determined according to the table
below:

	 	 	 
	Percentage of Target /	 	Incentive as a % of
	Objective Obtained	 	Target Incentive
	Less than 75%
	 	0%
	75%
	 	25%
	80%
	 	40%
	85%
	 	55%
	90%
	 	70%
	95%
	 	85%
	100%
	 	100%
	150%
	 	150%
	200% or greater
	 	200%

8

 

When performance falls between the designated points in the table, the
incentive will be determined by interpolation.

Discretionary Award

For 2009, the remaining fifty percent of the supplemental incentive will, in
lieu of a discretionary component, be based on the following safety
measurement:

	 	§	 	Total Incident Injury Rate:

	 	Ø	 	Each Operating Unit has a “Total Incident Injury Rate” (“TIIR”)
calculated for the prior year. Subject to each participant’s ethical behavior
and compliance with the Code of Ethics and Business Conduct, the discretionary
award will be based on improvements in TIIR performance. The baseline for
measuring current year performance is the respective actual TIIR for the prior
year expressed as a percentage of hours worked. The following Bonus Eligibility
Scale will be used to measure the amount of bonus earned as a result of
improvement in the TIIR rate from the prior year to the current year:

	 	 	 
	If TIIR rate is	 	Bonus earned
	Reduced by:	 	will be:
	Less than 5%
	 	0%
	5%
	 	25%
	10%
	 	50%
	15%
	 	75%
	20%
	 	100%
	Greater than 35%
	 	125%

	 	Ø	 	When performance falls between the designated
points in the table, the incentive will be determined by
interpolation.
	 
	 	Ø	 	Regardless of the percentage decrease, if an
operating unit has a TIIR below 1.75 at the end of the
current year then 100% of the target bonus is earned.
	 
	 	Ø	 	Regardless of the percentage decrease, if an
operating unit has a TIIR above the industry standard of
5.0; it is ineligible for this incentive component.

9

 

	 	 	 
	Limitations

	 	§       Any calculated incentive will be subject to (i)
assessment of overall company performance to ensure that
payout of calculated incentives will not jeopardize the
financial stability of the company and (ii) approval by
the Compensation Committee.

	 	§	 	In any year, stock awarded under this and all
other plans shall not exceed 1% of the outstanding stock.
The Compensation Committee and the Board of Directors
will review this limitation annually.
	 
	 	§	 	A participant must be employed by the company on
the date the bonus is paid. Any participant not employed
by the company on the payment date forfeits any and all
rights to such bonus. It is the company’s intention to
pay bonuses earned under the plan in March following the
end of the calculation period.
	 
	 	§	 	A new participant added to this Plan during the
Plan year will be pro-rated from their date of hire. In
any event, a new participant must be employed by October
1 to be eligible for incentives in the current plan year.

	 	 	 
	Incentive Payout

	 	§       Stock Eligible participants, at the election of
the CEO with approval by the Compensation Committee, may
receive any incentive earned under the Supplemental plan
in cash, restricted stock or a combination thereof.
Subject to the above limitations, the portion of the
incentive awarded in restricted stock will be multiplied
by 1.10 and then that amount will be divided by the
current stock price to determine the number of shares.
Any shares awarded will vest ratably over a three-year
period following the date of grant. A participant
receiving restricted stock must be employed by the
company at each vesting date. If a participant leaves
the employment of the company, all unvested restricted
stock awards are forfeited.

	 	§	 	Cash-only Eligible participants will receive any
incentive earned for the year in cash.

10

 

Quanta Services, Inc.

Term Sheet

Discretionary Incentive Plan 2009 – All

	 	 	 
	Discretionary Payout

	 	Annually, at the recommendation of the CEO,
discretionary awards will be presented to the
Compensation Committee. These awards will be made at
the discretion of the CEO, with the Compensation
Committee’s approval, in cash, restricted stock, or a
combination thereof. A participant must be employed
by the company on the date the bonus is paid. Any
participant not employed by the company on the
payment date forfeits any and all rights to such
bonus. It is the company’s intention to pay bonuses
earned under the plan in March following the end of
the calculation period.

11exv10w1

Exhibit 10.1

SECOND AMENDMENT TO CREDIT AGREEMENT; AMENDMENT TO ASSIGNMENTS

OF EARNINGS AND ASSIGNMENTS OF INSURANCES

     THIS SECOND AMENDMENT TO CREDIT AGREEMENT; AMENDMENT TO ASSIGNMENTS OF EARNINGS AND
ASSIGNMENTS OF INSURANCES (this “Second Amendment”) is entered into as of May 8, 2009 (the
“Amendment Date”), by and among TRICO MARINE SERVICES, INC., a Delaware corporation (the
“Borrower”), TRICO MARINE ASSETS INC., a Delaware corporation (“Trico Assets”), as
a Guarantor, and TRICO MARINE OPERATORS, INC., a Louisiana corporation (“Trico Operators”),
as a Guarantor, the Lenders party hereto (each, a “Lender” and, collectively, the
“Lenders”) and NORDEA BANK FINLAND PLC, NEW YORK BRANCH, as Administrative Agent (in such
capacity, the “Administrative Agent”) and Collateral Agent (in such capacity, the
“Collateral Agent”). Unless otherwise indicated, all capitalized terms used herein and not
otherwise defined shall have the respective meanings provided such terms in the Credit Agreement
referred to below.

W I T N E S S E T H:

     WHEREAS, the Borrower, Trico Assets, Trico Operators, the Lenders from time to time party
thereto, and the Administrative Agent are parties to an Amended and Restated Credit Agreement,
dated as of August 29, 2008, and amended by the First Amendment to Credit Agreement, dated as of
March 10, 2009 (as further amended, modified and/or supplemented to, but not including, the date
hereof, the “Credit Agreement”);

     WHEREAS, Trico Assets and Trico Operators entered into those certain Assignments of Earnings
in favor of the Collateral Agent, dated August 29, 2008 in respect of each of M/V Kings River, M/V
Elm River and M/V Big Blue River, dated October 30, 2008 in respect of M/V Trico Mystic and dated
December 31, 2008 in respect of the M/V Trico Moon (each, an “Assignment of Earnings” and
together, the “Assignments of Earnings”);

     WHEREAS, Trico Assets and Trico Operators entered into those certain Assignments of Insurances
in favor of the Collateral Agent, dated August 29, 2008 in respect of each of M/V Kings River, M/V
Elm River and M/V Big Blue River, dated October 30, 2008 in respect of M/V Trico Mystic and dated
December 31, 2008 in respect of the M/V Trico Moon (each, an “Assignment of Insurances” and
together, the “Assignments of Insurances”);

     WHEREAS, subject to the terms and conditions of this Second Amendment, the parties hereto wish
to amend certain provisions of the Credit Agreement as herein provided and the parties hereby
acknowledge and agree that the amendments set forth below shall apply retroactively as of August
29, 2008 (the “Second Amendment Effective Date”); and

     NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained
herein, the parties agree as follows:

     I. Amendments to Credit Agreement.

          1. Schedule XVII to the Credit Agreement is hereby amended by deleting the text
“$1,000,000,000” in paragraph (a)(ii)(y) thereof and inserting the text “$76,000,000” in lieu

 

 

thereof.

     II. Amendments to Assignments of Earnings and Assignments of Insurances.

          1. Each Assignment of Earnings is hereby amended by deleting Section 11(a) of each such
Assignment of Earnings in its entirety and inserting the following new Section 11(a) in lieu
thereof:

     “Section 11. (a) THIS ASSIGNMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW
YORK. ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT
DOCUMENT TO WHICH THE ASSIGNOR OR THE OPERATOR IS A PARTY MAY BE BROUGHT IN THE COURTS OF
THE STATE OF NEW YORK LOCATED IN NEW YORK COUNTY IN THE CITY OF NEW YORK OR OF THE UNITED
STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, IN EACH CASE LOCATED WITHIN THE
CITY OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE ASSIGNOR AND THE
OPERATOR HEREBY IRREVOCABLY ACCEPT FOR EACH OF THEMSELVES AND IN RESPECT OF THEIR PROPERTY,
GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. THE ASSIGNOR AND
THE OPERATOR FURTHER IRREVOCABLY CONSENT TO THE SERVICE OF PROCESS OUT OF ANY OF THE
AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY
REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE ASSIGNOR AT ITS ADDRESS SET FORTH
OPPOSITE ITS SIGNATURE BELOW, SUCH SERVICE TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING.
NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE COLLATERAL AGENT UNDER THIS AGREEMENT TO SERVE
PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE
PROCEED AGAINST ANY CREDIT PARTY IN ANY OTHER JURISDICTION.”

          2. Each Assignment of Insurances is hereby amended by deleting the 13th paragraph of each such
Assignment of Insurances in its entirety and inserting the following new 13th paragraph in lieu
thereof:

     “THIS ASSIGNMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK. ANY LEGAL
ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT TO WHICH
THE ASSIGNOR IS A PARTY MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK LOCATED IN NEW
YORK COUNTY IN THE CITY OF NEW YORK OR OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN
DISTRICT OF NEW YORK, IN EACH CASE LOCATED WITHIN THE COUNTY OF NEW YORK, AND, BY EXECUTION
AND DELIVERY OF THIS AGREEMENT, THE ASSIGNOR HEREBY IRREVOCABLY

2

 

ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE
JURISDICTION OF THE AFORESAID COURTS. THE ASSIGNOR FURTHER IRREVOCABLY CONSENTS TO THE
SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING
BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE
ASSIGNOR AT ITS ADDRESS SET FORTH OPPOSITE ITS SIGNATURE BELOW, SUCH SERVICE TO BECOME
EFFECTIVE 30 DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE
COLLATERAL AGENT UNDER THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW
OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY CREDIT PARTY IN ANY OTHER
JURISDICTION.”

     IV. Miscellaneous Provisions.

          1. In order to induce the Lenders to enter into this Second Amendment, the Borrower hereby
represents and warrants that other than with respect to a Default or Event of Default that has
occurred under Section 11.03(ii) of the Credit Agreement as a result of a violation of Section 9.03
of the Credit Agreement (which Default or Event of Default is cured by this Second Amendment), (i)
no Default or Event of Default exists as of the Second Amendment Effective Date (as defined herein)
before giving effect to this Second Amendment, (ii) no Default or Event of Default exists as of the
Second Amendment Effective Date (as defined herein) after giving effect to this Second Amendment
and (iii) all of the representations and warranties contained in the Credit Agreement or the other
Credit Documents are true and correct in all material respects on the Second Amendment Effective
Date both before and after giving effect to this Second Amendment, with the same effect as though
such representations and warranties had been made on and as of the Second Amendment Effective Date
(it being understood that any representation or warranty made as of a specific date shall be true
and correct in all material respects as of such specific date).

          2. The Credit Agreement is modified only by the express provisions of this Second Amendment
and this Second Amendment shall not constitute a modification, acceptance or waiver of any other
provision of the Credit Agreement or any other Credit Document except as specifically set forth
herein.

          3. This Second Amendment may be executed in any number of counterparts and by the different
parties hereto on separate counterparts, each of which counterparts when executed and delivered
shall be an original, but all of which shall together constitute one and the same instrument. A
complete set of counterparts shall be lodged with the Borrower and the Administrative Agent.

          4. THIS SECOND AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

3

 

          5. This Second Amendment shall become effective on the Amendment Date (and the amendments and
other modifications set forth herein shall apply retroactively as of the Second Amendment
Effective Date) when the Borrower, each other Credit Party and the Required Lenders shall have
signed a counterpart hereof (whether the same or different counterparts) and shall have delivered
(including by way of facsimile or other electronic transmission) the same to White & Case LLP,
1155 Avenue of the Americas, New York, NY 10036; Attention: May Yip (facsimile number:
212-354-8113 / email: myip@whitecase.com).

          6. From and after the Second Amendment Effective Date, all references in the Credit Agreement
and each of the other Credit Documents to the Credit Agreement shall be deemed to be references to
the Credit Agreement, as modified hereby.

* * *

4

 

          IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute
and deliver this Second Amendment as of the date first above written.

	 	 	 	 	 
	 	TRICO MARINE SERVICES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	TRICO MARINE ASSETS INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	TRICO MARINE OPERATORS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	NORDEA BANK FINLAND PLC, NEW YORK BRANCH,

Individually and as Administrative Agent and as

Collateral Agent

 	 
	 	By:  	 	 
	 	 	Name:  	Martin Lunder 	 
	 	 	Title:  	Senior Vice President 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	Martin Kahm 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE SECOND AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE FIRST DATE WRITTEN ABOVE, AMONG TRICO MARINE
SERVICES, INC., TRICO MARINE ASSETS INC., TRICO MARINE
OPERATORS, INC., VARIOUS FINANCIAL INSTITUTIONS AND NORDEA
BANK FINLAND PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

NAME OF INSTITUTION:

NORDEA BANK NORGE ASA, CAYMAN ISLANDS BRANCH

 	 
	 	By:  	 	 
	 	 	Name:  	Martin Lunder 	 
	 	 	Title:  	Senior Vice President 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	Martin Kahm 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE SECOND AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE FIRST DATE WRITTEN ABOVE, AMONG TRICO MARINE
SERVICES, INC., TRICO MARINE ASSETS INC., TRICO MARINE
OPERATORS, INC., VARIOUS FINANCIAL INSTITUTIONS AND NORDEA
BANK FINLAND PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

NAME OF INSTITUTION:

BAYERISCHE HYPO-UND VEREINSBANK AG

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}]]