Document:

Amended and Restated Voting Agreement

  
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

BETWEEN 

ROUST TRADING LTD. 
 AND 
 CENTRAL EUROPEAN DISTRIBUTION CORPORATION 

Dated as of July 9, 2012 
  

 

 This AMENDED AND RESTATED VOTING AGREEMENT (this “Agreement”), is entered
into as of July 9, 2012, by and between Roust Trading Ltd., a Bermuda company, with its registered address at 25 Belmont Hills Drive, Warwick WK 06, Bermuda (“Investor”) and Central European Distribution Corporation, a Delaware
corporation, with its registered office at 1013 Centre Road, Wilmington, New Castle County, Delaware 19805 (the “Company”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in
the Amended and Restated Securities Purchase Agreement (as defined below). 
 W I T N E S S E T H: 

WHEREAS, on April 23, 2012, Investor and the Company entered into a Voting Agreement (the “Original Voting
Agreement”) in connection with the Securities Purchase Agreement between Investor and the Company dated as of the same date thereof (the “Original Securities Purchase Agreement”); 

WHEREAS, on May 4, 2012, the Initial Closing under the Original Securities Purchase Agreement occurred and the Company sold, and
Investor or an Affiliate thereof purchased from the Company as an investment in the Company, for an aggregate purchase price of $100,000,000, (i) 5,714,286 shares (the “Initial Shares”) of common stock, $0.01 par value per
share, of the Company (the “Common Stock”), at a subscription price of $5.25 per share in cash, and (ii) a debt instrument structured to be clearable through Euroclear S.A./N.V. with a face value of $70,000,000 (the
“New Debt”); 
 WHEREAS, Investor and the Company are entering into an Amended and Restated Securities Purchase
Agreement, dated as of the date hereof (as it may be amended from time to time in accordance with its terms, the “Amended and Restated Securities Purchase Agreement”), that contemplates, among other things, the issuance by the
Company of Common Stock and certain notes to Investor or an affiliate thereof, the issuance of certain other notes to Investor or an affiliate of Investor (the proceeds of which will be used by the Company to repurchase the Company’s 3.00%
Convertible Senior Notes due 2013 held by Investor or an affiliate of Investor) and the provision of a support arrangement by Investor or an affiliate of Investor to the Company in respect of the Company’s 3.00% Convertible Senior Notes due
2013 not held by Investor or an affiliate thereof, each on the terms and subject to the conditions set forth in the Amended and Restated Securities Purchase Agreement; 
 WHEREAS, as of the date hereof, Investor is the record and/or beneficial owner of the number of shares of Common Stock set forth on Attachment A hereto (together with any shares of Common Stock or
other voting capital stock of the Company acquired after the date hereof, whether upon the exercise of warrants, options, conversion of convertible securities or otherwise, collectively, the “Owned Shares”); 

WHEREAS, as a condition to the willingness of the Company to enter into the Amended and Restated Securities Purchase Agreement, and in
order to induce the Company to enter into the Amended and Restated Securities Purchase Agreement, Investor is willing to enter into this Agreement; and 

 WHEREAS, this Agreement amends, supersedes and restates the Original Voting Agreement in all
respects. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration given to each party
hereto, the receipt of which is hereby acknowledged, the parties agree as follows: 
 1. Agreement to Vote; Irrevocable
Proxy; Non-Solicitation Provisions; Disclosure Obligations. 
 1.1. Agreement to Vote. Investor shall, at any meeting
of the stockholders of the Company, however called, or any adjournment or postponement thereof, or in connection with any written consent of the stockholders of the Company, cause such Owned Shares to be counted as present for purposes of
establishing a quorum and be present (in person or by proxy) and vote or consent (or cause to be voted or consented) all of such Owned Shares (i) in favor of the Company Stockholder Approval (as defined in the Amended and Restated Securities
Purchase Agreement) and any actions reasonably required in furtherance thereof (provided, however, that none of the Initial Shares (as defined in the Amended and Restated Securities Purchase Agreement) acquired by Investor (or an affiliate thereof)
as part of the Initial Closing (as defined in the Amended and Restated Securities Purchase Agreement) shall be voted in respect of this matter nor should such Owned Shares be considered present or represented by proxy at the Stockholders Meeting for
purposes of this matter), (ii) against any other proposal that would reasonably be expected to impede, frustrate, prevent or nullify the Amended and Restated Securities Purchase Agreement or the transactions contemplated thereby, and
(iii) in favor of the other matters specified in Section 8.1(a) of the Amended and Restated Securities Purchase Agreement. The voting covenant set forth in this Section 1.1 and the proxy granted pursuant to
Section 1.2 of this Agreement shall not be effective for any other purpose and Investor retains the right to vote in any manner on all other matters. 
 1.2. Irrevocable Proxy. Solely with respect to the matters described in Section 1.1, Investor hereby irrevocably appoints David Bailey (or any nominee designated by David Bailey) as
Investor’s lawful agent, attorney and proxy with full power of substitution and resubstitution, for and in the name, place and stead of Investor, to the full extent of Investor’s voting rights with respect to Investor’s Owned Shares
(which proxy is irrevocable and which appointment is coupled with an interest, including for purposes of Section 212 of the Delaware General Corporation Law) to vote all Investor’s Owned Shares solely on the matters, and in the manner,
described in Section 1.1, and in accordance herewith. The Company shall use its reasonable best efforts to cause David Bailey to vote Investor’s Owned Shares on the matters, and in the manner, described in Section 1.1,
and in accordance herewith. Investor hereby revokes any proxies previously granted that would otherwise conflict with the proxy contemplated pursuant to this Section 1.2 and agrees to execute any further agreement, form, notice or other
such requirement reasonably necessary or appropriate to confirm and effectuate the grant of the proxy contained herein. Investor hereby acknowledges that the irrevocable proxy set forth in this Section 1.2 is given in connection with the
execution of the Amended and Restated Securities Purchase Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Investor under the Amended and Restated Securities Purchase Agreement. Investor hereby further
acknowledges that the irrevocable proxy is coupled with an 

  
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interest and may under no circumstances be revoked. Investor hereby ratifies and confirms all things or acts that such irrevocable proxy may lawfully do or cause to be done by virtue hereof to
the extent consistent with this Agreement. To the extent that Investor is the beneficial but not the record owner of any Owned Shares, Investor shall cause the record owner of any such Owned Shares to vote and grant a proxy with respect to Owned
Shares in the same manner as described above. For the avoidance of doubt, no proxy shall be given pursuant to this Section 1.2 in respect of the Initial Shares (as defined in the Amended and Restated Securities Purchase Agreement)
acquired by Investor (or an affiliate thereof) as part of the Initial Closing (as defined in the Amended and Restated Securities Purchase Agreement) with respect to the matter described in clause (i) of Section 1.1. 

1.3. Disclosure Obligations. Investor shall discharge any reporting obligations laid down in Articles 69 and 69a of the Polish Act
of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (the “Polish Public Offering Act”) by sending a notification to the Company and the
Polish Financial Supervision Authority in connection with the fact that the Company and Investor together with certain other entities are found to be concert parties in the meaning of Article 87.1.5 and/or 87.1.6 of the Polish Public Offering Act.
Any such notification shall be submitted by Investor within the deadline mentioned in Article 69.1 of the Polish Public Offering Act and shall contain all information required under Articles 69.4-5 and/or 69a.2, as applicable, of the Polish Public
Offering Act. For the avoidance of doubt, the obligations to be assumed by Investor under this Section 1.3 shall be treated as an indication as referred to in Article 87.3 of the Public Offering Act. The Company (i) acknowledges
that Investor will rely on information provided by the Company in this Agreement, and that may otherwise be provided by the Company to Investor with the explicit purpose of being included in notifications delivered by Investor under the Polish
Public Offering Act, in making notifications provided under the Polish Public Offering Act, (ii) represents and warrants to Investor that the information referred to in clause (i) above is and will be accurate and (iii) agrees that
Investor shall have no liability for the inaccuracy of the information referred to in clause (i) above. 
 2. Representations
and Warranties of Investor. Investor hereby represents and warrants to the Company as follows: 
 2.1. Due
Organization. Investor has been duly organized, is validly existing and is in good standing under the laws of the jurisdiction of its formation or organization. 
 2.2. Power; Due Authorization; Binding Agreement. Investor has full legal capacity, power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate
the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Investor and constitutes a valid and binding agreement of Investor, enforceable against Investor in accordance with its terms, except to the
extent that enforceability may be subject to general principles of equity. Investor represents that any proxies previously granted in respect of the Owned Shares are not irrevocable. 

2.3. Ownership of Shares. As of the date hereof, the Owned Shares set forth opposite Investor’s name on Attachment A
hereto are, and any Owned Shares acquired after the date hereof will be, owned of record and/or beneficially by Investor in the manner reflected 

  
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thereon and include all of the Owned Shares owned of record and/or beneficially by Investor or an affiliate of Investor. Investor has (and, with respect to shares acquired after the date hereof,
will have) the sole power to vote (or cause to be voted or consents to be executed), the sole power to issue instructions with respect to matters set forth in this Agreement and the sole power to agree to all of the matters set forth in this
Agreement, in each case with respect to all of the Owned Shares with no limitations, qualifications or restrictions on such rights, subject to applicable securities laws and the terms of this Agreement. 

2.4. No Conflicts. The execution and delivery of this Agreement by Investor does not, and the performance of the terms of this
Agreement by Investor will not, (a) require Investor to obtain a permit from, or the authorization, consent or approval of, or make any filing with or notification to, any governmental authority, other than as set forth in
Section 1.3 above and in any of the Operative Agreements, (b) require the consent or approval of any other person or entity pursuant to any agreement, obligation or instrument binding on Investor or its properties and assets,
(c) result in a violation or breach of, or constitute (with or without notice or lapse of time or both) a default (or give rise to any third party right of termination, cancellation, material modification or acceleration) under any of the
terms, conditions or provisions of any note, loan agreement, bond, mortgage, indenture, license, contract, commitment, arrangement, understanding, agreement or other instrument or obligation of any kind to which Investor is a party or by which
Investor or the Owned Shares may be bound or (d) conflict with or violate any organizational document or law, rule, regulation, order, judgment or decree applicable to Investor or pursuant to which any of its properties or assets are bound.
Other than as provided for in any of the Operative Agreements, the Owned Shares are not, and with respect to Owned Shares acquired after the date hereof will not be, subject to any other agreement (including any voting agreement, stockholders
agreement, irrevocable proxy or voting trust) that would adversely affect the ability of Investor to perform its obligations hereunder. 
 2.5. No Encumbrances. The Owned Shares and the certificates representing such shares are now, and at all times during the term of this Agreement will be, held by Investor, or by a nominee or
custodian for the benefit of Investor, free and clear of all encumbrances, proxies, voting trusts or agreements, understandings or arrangements or any other rights whatsoever that would adversely affect the ability of Investor to perform its
obligations hereunder. 
 2.6. Absence of Litigation. There are no actions or lawsuits pending or, to the knowledge of
Investor threatened, against or affecting Investor before or by any court or governmental authority that could reasonably be expected to impair the ability of Investor to perform its obligations hereunder. 

2.7. Other Holdings. None of Investor’s subsidiaries or related parties (as defined in Section 4.4 below) owns or
has any interest in or has agreed to acquire shares of Common Stock or any voting rights attaching thereto, other than as provided for or permitted by the Amended and Restated Securities Purchase Agreement, any of the other Operative Agreements or
the Right of First Offer Agreement among Investor, the Company, WVC 2007 Family LLC and The William V. Carey Revocable Trust, dated as of April 23, 2012. None of Investor’s subsidiaries or related parties is party to any agreement or
understanding (whether or not legally enforceable) referred to in Article 87.1.5 and/or 87.1.6 of the Polish Public Offering Act. 

  
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 3. Representations and Warranties of the Company. The Company hereby represents and
warrants to Investor as follows: 
 3.1. Power; Due Authorization; Binding Agreement. The Company is a corporation duly
organized, validly existing and in good standing under the laws of Delaware. The Company has full power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby.
The execution and delivery of this Agreement and the consummation by the Company of the transactions contemplated hereby have been duly and validly authorized by all necessary actions on the part of the Company, and no other proceedings on the part
of the Company are necessary to authorize this Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Company and constitutes a valid and binding agreement of the
Company, except that enforceability may be subject to general principles of equity. 
 3.2. No Conflicts. The execution
and delivery of this Agreement by the Company does not, and the performance of the terms of this Agreement by the Company will not, (a) require the Company to obtain the consent or approval of, or make any filing with or notification to, any
governmental authority other than as set forth in Section 1.3 above and in any of the Operative Agreements, or (b) conflict with or violate any organizational document or law, rule, regulation, order, judgment or decree applicable
to the Company or pursuant to which any of its or its subsidiaries’ property or assets are bound. 
 4. Certain
Covenants of Investor. 
 4.1. Restriction on Transfer. Investor shall not, other than as may be required by a court
order, (a) directly or indirectly sell, transfer, pledge, hypothecate, encumber (except as set forth on Attachment A or as a result of this Agreement), assign or otherwise dispose of (including, without limitation, by gift, merger,
consolidation or reorganization), or enter into any contract, option or other agreement providing for the sale, transfer, pledge, hypothecation, encumbrance, assignment or other direct or indirect disposition of or any interest in, or limitation on
the voting rights of, or otherwise transfer (any such foregoing action, a “Transfer”) any of the Owned Shares, (b) enter into any contract, option or other agreement or understanding with respect to any Transfer of any or all
of the Owned Shares or any interest therein, (c) grant any proxies or powers of attorney or other authorization in or with respect to the Owned Shares, deposit any Owned Shares into a voting trust or enter into a voting agreement or arrangement
with respect to any Owned Shares or (d) take any other action, that would in any way restrict, limit or interfere with the performance of its obligations hereunder. If any involuntary Transfer of any of the Owned Shares occurs (including, but
not limited to, a sale by Investor’s trustee in any bankruptcy, or a sale to a purchaser at any creditor’s or court sale or any sale or transfer by operation of law, including, without limitation, by will or intestacy), the transferee
(which term, as used herein, shall include any and all transferees and subsequent transferees of the initial transferee) shall take and hold such Owned Shares subject to all of the restrictions, liabilities and covenants under this Agreement, which
shall continue in full force and effect until valid termination of this Agreement. Any Transfer in violation of this Section 4.1 shall be void. 

  
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 4.2. No Additional Acquisitions. Without prejudice to any obligations which Investor
may have under any applicable laws (including but not limited to any insider dealings rules), until valid termination of this Agreement, other than as contemplated or permitted by the Amended and Restated Securities Purchase Agreement, Investor
shall not directly or indirectly, either alone or together with any other person, without the Company’s prior written consent: 
  

	 	4.2.1.	acquire, or cause another person to acquire any shares of Common Stock or beneficial ownership thereof or any other interest therein; 

 

	 	4.2.2.	enter into an agreement or understanding (whether or not legally enforceable) or do or omit to do any act as a result of which Investor or any of Investor’s
subsidiaries or related persons (as defined in Section 4.4 below) may acquire any shares of Common Stock or beneficial ownership thereof or any other interest therein; or 

 

	 	4.2.3.	enter into an agreement or understanding (whether or not legally enforceable) referred to in Article 87.1.5 and/or 87.1.6 of the Polish Public Offering Act;

 provided, that nothing in this Agreement shall preclude any transaction contemplated by this Agreement
or the other Operative Agreements, or any acquisition of any shares of Common Stock or beneficial ownership thereof or any other interest therein solely between any of Investor and/or its affiliates. 

4.3. Investor shall ensure that each of Investor’s subsidiaries and its related persons (as defined in Section 4.4
below) complies with Section 4.2. 
 4.4. For the purposes of Sections 2.7, 4.2, 4.3 and
4.5, “subsidiary” shall have the meaning ascribed to this term in the Polish Public Offering Act, and the term “related persons” shall refer to those persons specified in Article 87.4 of the Polish Public Offering Act.

 4.5. Additional Shares. Without prejudice to Investor’s obligations under Section 4.2, Investor
hereby agrees that any shares of Common Stock acquired of record and/or beneficially by Investor after the date hereof shall be subject to the terms of this Agreement as though owned by Investor on the date hereof. Investor shall notify the Company
as promptly as practicable (and in any event within 5 days) in writing of (i) any proposed acquisition by itself and/or subsidiaries or related persons (as defined in Section 4.4 above) of new shares of Common Stock, beneficial
ownership thereof or any other interest therein, (ii) the number of any additional Owned Shares of which Investor acquires beneficial ownership by itself and/or subsidiaries or related persons (as defined in Section 4.4 above) on or
after the date hereof and (iii) any proposed permitted Transfer contemplated in Section 4.1 of the Owned Shares, beneficial ownership thereof or any other interest therein. 

4.6. No Limitations on Actions. Investor signs this Agreement solely in its capacity as the record and/or beneficial owner, as
applicable, of the Owned Shares; this 

  
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Agreement shall not limit or otherwise affect the actions of Investor in any other capacity; and nothing herein shall limit or affect the Company’s rights in connection with the Amended and
Restated Securities Purchase Agreement. 
 4.7. No Contrary Transfer; Change in Common Stock. Investor shall not request
that the Company register the transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any of the Owned Shares, and the Company shall not recognize any such transfer, unless such transfer is made in compliance
with this Agreement. In the event of a stock dividend or distribution, or any change in the Common Stock by reason of any stock dividend, split-up, recapitalization, combination, exchange of shares or the like, the term “Owned Shares” as
used in this Agreement shall refer to and include the Owned Shares as well as all such stock dividends and distributions and any shares into which or for which any or all of the Owned Shares may be changed or exchanged or which are received in such
transaction. 
 5. Miscellaneous. 
 5.1. Termination of this Agreement. This Agreement shall terminate upon the earlier to occur of (i) the first Business Day following the date on which the Company Stockholder Approval shall
have been obtained and (ii) termination of the Amended and Restated Securities Purchase Agreement by any party thereto in accordance with its terms. 
 5.2. Effect of Termination. In the event of termination of this Agreement pursuant to Section 5.1, this Agreement shall become void and of no effect with no liability on the part of any
party hereto; provided, that no such termination shall relieve any party hereto from any liability for any breach of this Agreement occurring prior to such termination. 
 5.3. Non-Survival. The representations and warranties made herein shall not survive the termination of this Agreement. 
 5.4. Entire Agreement; Assignment. This Agreement and the agreements referred to herein constitute the entire understanding and agreement among the parties hereto with respect to the subject matter
hereof and supersede all other prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof. Nothing in this Agreement, express or implied, is intended to or shall confer upon any other
person or entity not a party hereto any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. This Agreement may not be assigned by operation of law or otherwise without the prior written consent of the other
parties hereto and shall be binding upon and inure solely to the benefit of each party hereto. 
 5.5. Amendments. This
Agreement may not be amended, altered, supplemented, waived or otherwise modified except upon the execution and delivery of a written agreement executed by each of the parties hereto. 

  
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 5.6. Notices. Any notice, request, claim, demand and other communication required to
be given hereunder shall be in writing, and sent by facsimile transmission (provided that any notice received by facsimile transmission or otherwise at the addressee’s location on any Business Day after 5:00 p.m. (addressee’s local time)
shall be deemed to have been received at 9:00 a.m. (addressee’s local time) on the next Business Day), by reliable overnight delivery service (with proof of service), hand delivery or certified or registered mail (return receipt requested and
first-class postage prepaid), addressed as follows: 
  

					
	If to Investor, to it at:
		
		  	Roust Trading Ltd.
		  	25 Belmont Hills Drive
		  	Warwick WK 06, Bermuda
		  	Attention:	  	Wendell M. Hollis
	
	with a copy to:
		
		  	Ropes & Gray LLP
		  	One Metro Center
		  	700 12th Street, NW, Suite 900
		  	Washington, DC 20005-3948
		  	Attention:	  	James Myers
		  	Facsimile:	  	+1 (202) 383-8349
			
		  	and	  	
		
		  	Ropes & Gray LLP
		  	The Prudential Tower
		  	800 Boylston Street
		  	Boston, MA 02199-3600
		  	Attention:	  	Christopher Comeau
		  	Facsimile:	  	+1 (617) 951-7050
	
	If to the Company, to it at:
		
		  	 Central European Distribution Corporation
 Bobrowiecka 6
 00-728 Warsaw

		  	Poland
		  	Attention:	  	David Bailey
		  	Facsimile:	  	+48 22 456 60 01
	
	with a copy to:
		
		  	Skadden, Arps, Slate, Meagher & Flom (UK) LLP
		  	40 Bank St., Canary Wharf
		  	London E14 5DS
		  	UK
		  	Attention:	  	Scott Simpson, Esq.
		  	Facsimile:	  	+44 20 7519 7070

  
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 and, subject to the provision in this Section 5.6 above, such notice shall be deemed to have
been delivered as of the date so telecommunicated, personally delivered or received. Any party to this Agreement may notify the other party of any changes to the address or any of the other details specified in this Section 5.6;
provided, that such notification shall only be effective on the date specified in such notice or two Business Days after the notice is given, whichever is later. Rejection or other refusal to accept or the inability to deliver because of
changed address of which no notice was given shall be deemed to be receipt of the notice as of the date of such rejection, refusal or inability to deliver. 
 5.7. Governing Law. 
  

	 	5.7.1.	This Agreement shall be governed by and construed in accordance with the internal, procedural and substantive laws of the State of New York without regard to any
conflicts of laws concepts which would apply the substantive law of some other jurisdiction. 

  

	 	5.7.2.	Each of the parties hereto irrevocably submits to the jurisdiction of the United States District Court and other courts of the United States sitting in the State of New
York and the state courts in the State of New York, in all cases, located in the Borough of Manhattan, and all appellate courts relating thereto, for the purpose of any suit, action, proceeding or judgment relating to or arising out of this
Agreement and the transactions contemplated hereby. Service of process in connection with any such suit, action or proceeding may be served on each party hereto anywhere in the world by the same methods as are specified for the giving of notices
under this Agreement. Each party hereto irrevocably waives any objection to the laying of venue of any such suit, action or proceeding brought in such courts and irrevocably waives any claim that any such suit, action or proceeding brought in any
such court has been brought in an inconvenient forum. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS
WAIVER. 

 5.8. Specific Performance. Each of the parties hereto acknowledges and agrees that damages will
not be an adequate remedy for any material breach or violation of this Agreement if such material breach or violation would cause immediate and irreparable harm (an “Irreparable Breach”). Accordingly, in the event of a threatened or
ongoing Irreparable Breach, each party hereto shall be entitled to seek equitable relief of a kind appropriate in light of the nature of the ongoing or threatened Irreparable Breach, which relief may include, without limitation, specific performance
or injunctive relief. Such remedies shall not be the parties’ exclusive remedies, but shall be in addition to all other remedies provided in this Agreement. 
 5.9. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original but all of which together shall be considered one and

  
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the same agreement and shall become effective when counterparts have been signed by each of the parties hereto and delivered to the other party, it being understood that all parties need not sign
the same counterpart. This Agreement may be executed and delivered by facsimile transmission or by scan and exchange of signatures by email. 
 5.10. Descriptive Headings. The descriptive headings used herein are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this
Agreement. 
 5.11. Severability. Any term or provision of this Agreement that is invalid or unenforceable in any
situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. If
the final judgment of a court of competent jurisdiction declares that any term or provision hereof is invalid or unenforceable, the parties hereto agree that the court making such determination shall have the power to limit the term or provision, to
delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or
provision, and this Agreement shall be enforceable as so modified. In the event such court does not exercise the power granted to it in the prior sentence, the parties hereto agree to replace such invalid or unenforceable term or provision with a
valid and enforceable term or provision that will achieve, to the extent possible, the economic, business and other purposes of such invalid or unenforceable term. 
 5.12. No Obligation to Exercise Rights. Notwithstanding any provision in this Agreement to the contrary, nothing in this Agreement shall obligate Investor to exercise any right to acquire shares of
Common Stock. 
 5.13. Further Assurances. From time to time, at the other party’s request and without further
consideration, each party hereto shall execute and deliver such additional documents and take all such further lawful action as may be necessary to consummate and make effective, in the most expeditious manner practicable, the transactions
contemplated by this Agreement. 
 5.14. Remedies Cumulative. All rights, powers and remedies provided under this
Agreement or otherwise available in respect hereof at law or in equity shall be cumulative and not alternative, and the exercise of any thereof by any party hereto shall not preclude the simultaneous or later exercise of any other such right, power
or remedy by such party. 
 5.15. No Waiver. The failure of any party hereto to exercise any right, power or remedy
provided under this Agreement or otherwise available in respect hereof at law or in equity, or to insist upon compliance by any other party hereto with its obligations hereunder, and any custom or practice of the parties at variance with the terms
hereof, shall not constitute a waiver by such party of its right to exercise any such or other right, power or remedy or to demand such compliance. 

  
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 5.16. No Third Party Beneficiaries. This Agreement is not intended to be for the
benefit of, and shall not be enforceable by, any person or entity who or which is not a party hereto. 
 5.17. Fees and
Expenses. All costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring the cost or expense. 

5.18. Costs of Enforcement. In the event that legal proceedings are commenced by any party to this Agreement against any other
party to this Agreement in connection with this Agreement, the non-prevailing party in such proceedings shall pay the reasonable attorneys’ fees and other reasonable out-of-pocket costs and expenses incurred by the prevailing party in such
proceedings. 
 5.19. Amendment and Restatement. This Agreement amends, supersedes and restates the Original Voting
Agreement in all respects. 
 [REMAINDER OF PAGE INTENTIONALLY
BLANK] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amended and Restated Voting
Agreement to be duly executed as of the day and year first above written. 
  

					
	ROUST TRADING LTD.
		
	By:	 	 /s/ Wendell M. Hollis

		 	Name:	 	Wendell M. Hollis
		 	Title:	 	Director
		
	By:	 	 /s/ Dana Bean

		 	Name:	 	Dana Bean
		 	Title:	 	Secretary

 VOTING AGREEMENT SIGNATURE PAGE 

 
					
	CENTRAL EUROPEAN DISTRIBUTION CORPORATION
		
	By:	 	 /s/ David Bailey

		 	Name:	 	David Bailey
		 	Title:	 	Interim Chief Executive Officer

 VOTING AGREEMENT SIGNATURE PAGE 

 ATTACHMENT A 
 Details of Ownership 
  

			
	 Shares
	  	 Entity or Individual Name

		
	12,920,411	  	Roust Trading Ltd.Employment Agreement

 Exhibit 10.36 
 EMPLOYMENT AGREEMENT 
 This Agreement dated as of July 18, 2011. 

BETWEEN: 
 Heli-One American
Support LLC., a Delaware limited liability company, 
 (“Employer”) 

AND: 
 John Graber, 6684
Miami Woods Drive, Loveland, Ohio, 45150 USA. 
 (“Executive”) 
 WHEREAS Employer wishes to employ the Executive in the position of Senior Vice President, for the CHC Helicopter group of companies which shall include CHC Helicopter S.A. and its direct and
indirect subsidiaries, and associated companies (together, “CHC”) and as President, for CHC’s Helicopter Services division (“HS”). 
 AND WHEREAS Employer and the Executive wish to provide for the following compensation to be paid to the Executive and other matters respecting his employment by Employer; 

THEREFORE Employer and the Executive in consideration of the mutual covenants contained herein agree as follows: 

 

	1.	EMPLOYMENT 

 1.1 Employer acknowledges the
Executive will be employed as Senior Vice President of CHC and as President, HS. The Executive agrees to perform all duties and services commensurate with his position and as may be reasonably assigned or delegated to him from time to time by the
President and Chief Executive Officer of CHC. 
 1.2 The Executive agrees to devote his full working time and effort and attention to the
business, operations and affairs of CHC. The Executive will not join any boards or accept other external professional commitments without prior approval of the Board, provided that the Executive may, without the consent of the Board,
(i) purchase securities and otherwise invest his personal or family assets in any other company or business so long as those activities do not create a conflict of interest with his role with CHC and are not inconsistent with his duties under
this Agreement, (ii) write fictional and non-fictional books and articles for publication, and (iii) engage in governmental, political, educational or charitable activities, but only to the extent that those activities (A) are not
inconsistent with any direction of the Board or any duties under this Agreement, and (B) do not interfere with the devotion by the Executive of his time, attention and energies during normal business hours to the business of CHC. 

1.3 The Executive agrees to observe and be bound by CHC’s Code of Ethics and Integrity at all times during his term of employment and, where
applicable, thereafter. 

  
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 1.4 The Executive agrees to observe and be bound by all of CHC’s policies and procedures as they exist
from time to time, and to observe and be bound by all agreements relating to confidentiality and non-disclosure of sensitive information that the Executive is required to sign in the course of his duties under this Agreement and, where applicable,
thereafter. 
 1.5 The Executive agrees that the employment created hereby may be transferred to such affiliate of CHC as CHC may designate from
time to time for the purpose of employing executives of CHC provided that CHC shall guarantee the performance of such affiliate of its obligations to the Executive. 
 1.6 Employer and the Executive shall use all commercially reasonable efforts to obtain the necessary Canadian visas and work permits required for the Executive to perform his duties hereunder and Employer
shall reimburse the Executive for all reasonable expenses, including legal fees and administrative charges, incurred by the Executive in connection with obtaining such visas and/or work permits. So long as the Executive complies with the obligation
set out in this subparagraph 1.6, the failure to obtain or the future revocation of any necessary Canadian visa or work permit shall not, in and of itself, constitute Cause, as subsequently defined herein. 

 

	2.	TERM OF EMPLOYMENT 

 2.1 This Agreement
shall be for an indefinite term commencing July 18, 2011 subject to the right of Employer or the Executive to terminate it in accordance with the provisions set out in paragraph 5 hereof. 

 

	3.	COMPENSATION 

 The Executive shall be paid
the following compensation: 
 3.1 Base Salary. Employer shall pay the Executive a base salary (the “Base Salary”) of US
$400,000 per annum. At the end of each fiscal year, Employer shall review the amount of the Executive’s Base Salary and shall maintain or increase such Base Salary for the following year to such amount as the President and Chief Executive
Officer in consultation with the Compensation Committee of the Board may determine in its discretion. Base Salary shall be payable in accordance with Employer’s normal payroll practices as they exist from time to time. 

3.2 Lump Sum Payment Signing Consideration. As valuable consideration for entering into this Agreement, Employer shall pay to the Executive, three
lump-sum payments of US$128,000 each as follows: the first payment upon commencement of this agreement, the second on October 1, 2011 and the third and final payment on January 1, 2012. If any payment date is a day on which banks are
closed for business in Vancouver, British Columbia then the payment due on that day shall be paid on the next following day on which banks are open for business in Vancouver, British Columbia. Should the Executive die prior to all payments due under
this subparagraph 3.2 being paid and provided that Executive has not resigned or been terminated for cause, Employer shall make any unpaid payments to the Executive’s estate. No payments shall be payable following Executive’s resignation
or termination for cause. 
 3.3 Tax Equalization. The Executive shall be entitled to the benefits of CHC’s Tax Equalization Policy
as it exists from time to time. 

  
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 3.4 Vacation. The Executive shall be entitled to four (4) weeks’ vacation per annum. The
vacation shall be taken at a time mutually convenient to Employer and the Executive and in accordance with Employer’s vacation policy. 

3.5 Incentive Plans. The Executive shall be eligible to participate in the Short Term Incentive Plan (“STIP”) and the Share Incentive
Plan (“SIP”) (collectively, the “Plans”) provided that eligibility to participate in the Plans is governed by the terms and conditions thereof, as they exist from time to time. 

3.6 The Executive shall be eligible for an annual bonus (STIP Bonus) pursuant to the STIP with a target payout of 85% of his Base Salary. A specific
amount of the STIP Bonus shall be determined as a function of performance against pre-negotiated annual objectives. The maximum STIP Bonus is governed by the terms of the STIP. Payment of STIP Bonuses shall be subject to the terms and conditions of
the STIP and, for better certainty, shall be dependent upon CHC meeting the corporate performance thresholds for paying STIP Bonuses as they are established by CHC from time to time. 
 3.7 Notwithstanding anything to the contrary in this Agreement, provided the Executive has not resigned or been terminated for Cause prior to the end of the fiscal year ending April 30, 2012, the
Employer shall pay the Executive on May 1, 2012 the sum of US$255,000. In the event, the Executive’s entitlement to a bonus pursuant to STIP for the fiscal year ending April 30, 2012 is determined to be greater than US$255,000, the
Employer shall on the date that bonus payments under the STIP are generally payable pay to the Executive the additional amount by which such bonus exceeds US$255,000. 
 3.8 Subject to the terms and conditions of the SIP, the Executive shall be granted options to purchase 1,200,000 Ordinary B Shares of 6922767 Holding (Cayman) Inc. (“CaymanCo”) at an exercise
price of US$1.00 per share, and granted the right to subscribe for 50,000 Special A shares of CaymanCo for the subscription price of US$0.01 per share. 
 3.9 Upon the Executive subscribing for the 50,000 Special A Shares referred to in subparagraph 3.8, the Employer shall pay to the Executive a sum equal to 75% of the net income tax payable by the
Executive as a result of the subscription for such Special A Shares. 
 3.10 If the Executive subscribes for 475,000 Ordinary B Shares of
CaymanCo at a subscription price of US$1.00 per share within six months of the date of this Agreement, then upon payment of the aggregate subscription price for such shares, the Executive shall be granted an additional 1,583,000 options to purchase
ordinary B Shares at an exercise price of US$1.00 in accordance with the terms and conditions of the SIP and the Employer shall pay to the Executive a sum, which after deduction of any applicable income tax, shall equal US$57,000. 

3.11 Other Compensation Arrangements. The Executive shall be eligible to participate in other bonus, compensation and stock option arrangements,
as they exist from time to time. 
 3.12 Automobile Allowance. Employer will provide the Executive with an automobile allowance of USD
$900 per month and shall pay all reasonable operating costs for the use of the vehicle. 
 3.13 Other Benefits. The Executive shall be
entitled to participate in all employee insurance and other benefit plans as may be provided by Employer to its executive employees which may include medical, dental, insurance and other plans as may be introduced, changed or terminated from time to
time by CHC. Where any benefit plan has a waiting period before a new employee can participate in such plan that cannot be waived by the Employer, the Employer shall pay the cost of Executive’s COBRA coverage during any such waiting period. Any
insurance coverage provided by Employer to Executive shall not prohibit Executive from piloting private aircraft and shall cover Executive while piloting private aircraft. 

  
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 3.14 Relocation Assistance. For the time being the Executive shall maintain his residence in
Loveland, Ohio. The Employer will relocate Executive and his immediate family to Vancouver, British Columbia or a city in the continental United States, as requested by the Executive and approved by the Employer. Upon relocation, the Employer will
provide the Employee with the benefits under CHC’s Relocation Policy provided that where the benefits under that policy are different from those set out hereafter, the benefits set out herein shall be provided, namely: 

packing, shipping and unpacking of the Executive’s household goods; 

moving three vehicles, one ski boat on trailer and any other similar large items currently owned by the Executive; 

payment of the realtor’s commission on the sale of a home; 
 three house hunting trips for the Executive and his immediate family, and 

temporary living arrangements, if required, for a reasonable period of time. 
 3.15 Pension Plans. The Executive shall be eligible to participate in Employer’s designated defined contribution pension plan in accordance with the terms and conditions of that plan as it
exists from time to time. The Executive shall also be entitled to participate in CHC’s Supplemental Pension Plan in accordance with the terms and conditions of that plan as it exists from time to time. 

 

	4.	EXPENSES 

 Employer shall promptly
reimburse the Executive for: 
 4.1 All reasonable expenses paid or incurred by the Executive in connection with the performance of the
Executive’s duties and responsibilities hereunder, including travel expenses for first class on domestic routes and business class on international routes including to and from Loveland, Ohio, upon presentation of expense vouchers or other
appropriate documentation. 
 4.2 All reasonable professional expenses, such as licenses and dues and professional educational expenses paid or
incurred by the Executive during the Term. 
 4.3 The costs of a personal computer, cellular telephone and fax machine for the Executive’s
residence, including the monthly fees related to such devices. 
  

	5.	TERMINATION 

 This Agreement may be
terminated by Employer or by the Executive in accordance with the terms of this paragraph. 
 5.1 Definitions. For the purpose of this
paragraph the following terms shall have the following meaning: 
  

	 	(a)	“Cause” shall mean: 

  

	 	(i)	the Executive’s wilful and continued failure to substantially perform the duties and responsibilities of his position or otherwise fail to comply with any of the
material provisions of this Agreement; 

  
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	 	(ii)	an act of gross negligence on the part of the Executive in the performance of the duties and responsibilities of his position; 

 

	 	(iii)	the commission by the Executive of any activity constituting a material violation or breach under any federal, provincial or local law or regulation (excluding for
greater certainty minor traffic violations); 

  

	 	(iv)	fraud, breach of fiduciary duty, dishonesty, misappropriation or other intentional material damage to the property or business of CHC by the Executive; or

  

	 	(v)	the Executive’s admission or conviction of, any offence that, in the judgment of the Board, adversely affects the CHC’s reputation or the Executive’s
ability to carry out his responsibilities under this Agreement. 

  

	 	(b)	“Change in Control” means the occurrence of any of the following events: 

 

	 	(i)	a transaction or series of transactions as a result of which there is direct or indirect acquisition, by a “person” or “group” of persons (as such
terms are used in Rule 13d-3 under the Securities Exchange Act of 1934 as now and hereafter amended), other than the person or group of persons (or their respective affiliates) who hold at least 50% of the voting securities of CHC Helicopter
S.A. on the effective date of this Agreement, acting jointly or in concert, of voting securities of CHC Helicopter S.A. that when taken together with any voting securities owned directly or indirectly by such person or group of persons at the time
of the acquisition, constitute 50% or more of the outstanding voting securities of CHC Helicopter S.A.; 

  

	 	(ii)	the consummation of a merger, amalgamation, consolidation, reorganization or other business combination after which the present holders of voting securities of CHC
Helicopter S.A. (or their respective affiliates) do not collectively own 50% or more of the voting securities of the entity surviving such merger, amalgamation, consolidation, reorganization or other business combination; 

 

	 	(iii)	there is a sale, transfer or other disposition of all or substantially all of the assets of CHC Helicopter S.A.; or 

 

	 	(iv)	there is a liquidation, dissolution or winding-up of CHC Helicopter S.A., 

 but does not include any broad public offering of securities of CHC Helicopter S.A. or any transaction, including a dissolution or wind up whereby the assets of CHC Helicopter S.A. remain with an
affiliate or subsidiary of CHC Helicopter S.A., that may occur between CHC Helicopter S.A., any affiliate or subsidiary of CHC Helicopter S.A. or, as applicable, any person associated with CHC Helicopter S.A. or any affiliate or subsidiary of CHC
Helicopter S.A., which, but for such relationship the transaction would otherwise constitute a Change of Control hereunder. 

  
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	 	(c)	“Change in Control Period” shall mean a date that is within one hundred and eighty (180) days after the consummation of a Change in Control.

  

	 	(d)	“Good Reason” shall mean: 

  

	 	(i)	the Executive is assigned duties inconsistent with his position or duties hereunder and which result in a material reduction in the nature or scope of the powers,
authority, functions, or duties of the Executive; 

  

	 	(ii)	a material decrease in the Executive’s compensation under this Agreement or a failure by CHC to pay any material amounts due to the Executive hereunder or
otherwise comply with any of the material provisions of this Agreement. 

  

	 	(e)	“Notice of Termination” shall mean a written notice which (i) indicates the specific termination provision in this Agreement relied upon, (ii) sets
forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (iii) specifies the proposed termination date. No purported termination of
Executive’s employment shall be effective without a Notice of Termination. 

  

	 	(f)	“Permanent Disability” shall mean a physical or mental disability such that the Executive is substantially unable to perform those duties that the Executive
would otherwise be expected to perform and the non-performance of such duties has continued for any one hundred and twenty (120) consecutive days or one hundred and eighty (180) non- consecutive days in any twelve (12) consecutive
months. 

 5.2 Termination for Cause 
 The Executive’s employment under this Agreement may be terminated by Employer for Cause by giving the Executive Notice of Termination. The Executive shall have ten (10) business days after such
Notice of Termination is received to cure such conduct, to the extent cure is possible. Notwithstanding the foregoing Employer may not terminate the Executive’s employment for Cause unless the Executive is provided with written notice and the
opportunity to address a special meeting called by the Board to consider the termination of the Executive’s employment and the termination is approved by the Board at such meeting. The Executive shall be provided with written notice of this
meeting no less than five (5) days prior. If the Executive’s employment is terminated by Employer for Cause, Employer shall pay to the Executive all amounts properly due and owing up to the date of termination and shall have no further
compensation obligations to the Executive under this Agreement. 
 5.3 Termination for Death or Disability 

The Executive’s employment under this Agreement will be terminated upon the death of the Executive or upon the Executive becoming permanently
disabled. While Employer will attempt to accommodate any Permanent Disability suffered by the Executive, Employer and the Executive recognize it is a fundamental term of this Agreement that the Executive be able to attend actively at work in British
Columbia (or future locations of a CHC head office) and frequently to travel globally. The Executive acknowledges and agrees that, given the nature of CHC’s business and the critical importance of the Executive’s position in the operations
of CHC, it would constitute an unreasonable accommodation on the part of Employer to operate without the services of the Executive for more than one hundred and twenty (120) consecutive days or for more than one hundred and eighty
(180) non-consecutive days in any twelve (12) consecutive months. Further, the Executive acknowledges that it would be impractical for 

  
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Employer to hire a replacement for the Executive, unless the replacement is hired on a permanent basis. In the event that the Executive’s employment is terminated as a result of Permanent
Disability, Employer shall pay to the Executive the amounts set out in subparagraph 5.4(a) of this Agreement in the manner set out therein. 

5.4 Termination by Employer other than for Cause. Disability or Death 

 

	 	(a)	Employer may terminate the employment of the Executive on written notice to the Executive and on the earlier of 90 days following the date of such termination and the
date upon which the Executive provides the release referred to in paragraph 5.4(b) below, shall provide to the Executive: 

  

	 	(i)	Base Salary accrued to the date of termination; 

  

	 	(ii)	A lump sum amount to reflect the bonus the Executive would have earned under the STIP in the year of termination pro-rated according to the number of days in the year
prior to the termination date, divided by 365. Any pro-rated bonus shall be based on the average bonus earned by the Executive under the STIP in each of the two years immediately preceding the year in which the termination occurred. In the event the
Executive is terminated prior to completing two years of service, the pro-rated bonus shall be calculated based on the prior year bonus under the STIP and in the event the Executive is terminated prior to completing one year of service, the
pro-rated bonus shall be based on the target bonus under the STIP for the uncompleted year of service; 

  

	 	(iii)	Any expense amounts properly accruing to the Executive pursuant to paragraph 3 or otherwise reimbursable to the Executive under this Agreement;

  

	 	(iv)	In addition to the above, the Executive shall be entitled to: 

  

	 	(1)	a lump sum amount equal to twelve (12) months of the Executive’s then Base Salary; 

 

	 	(2)	subject to the terms and conditions of the applicable benefit plan, the continuation of the Executive’s medical and insurance benefits, as set out in paragraph 3
of this Agreement for a period of twelve (12) months. 

  

	 	(b)	The Executive understands and agrees that prior to receiving the payments noted in paragraph 5.4(a), he will sign a general release in a form satisfactory to Employer
and to the Executive. The general release shall not release the obligation to make such payments or any obligations which under the terms of paragraph 22 below are to survive. 

 5.5 Termination on a Change of Control or Good Reason 
  

	 	(a)	During the Change of Control Period, if the Executive resigns or if the Executive’s employment with Employer is terminated, other than for Cause, Employer will,
immediately upon termination of employment, pay to the Executive the amount of payments and benefits set out in paragraph 5.4(a) of this Agreement. 

  
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	 	(b)	Upon the occurrence of a Good Reason event, at the Executive’s election, of which the Executive shall advise Employer, by notice in writing within ninety
(90) days of the event, and provided that the event described herein has not been remedied by Employer within thirty (30) days of receiving the said notice in writing, the Executive’s employment under this Agreement shall be deemed to
have been terminated by Employer and Employer will, immediately upon termination of employment, pay to the Executive the amount of payments and benefits set out in paragraph 5.4(a) of this Agreement. 

5.6 Resignation by the Executive 
 The
Executive shall have the right to terminate his employment under this Agreement upon giving Employer at least three (3) months prior written notice of resignation. Employer may, at its option, waive such notice and if it does so, the Executive
shall be deemed to have resigned as of the date Employer waives such notice. If the Executive’s employment is terminated under this paragraph 5.6, Employer shall pay to the Executive all amounts properly arising up to the date of termination
and shall have no further compensation obligations to the Executive under this Agreement. 
 5.7 No Further Payments 

The Executive acknowledges and agrees that unless otherwise expressly agreed in writing between the Executive and Employer, the Executive shall not be
entitled, by reason of the Executive’s employment with Employer or by reason of any termination of such employment, howsoever arising, to any remuneration, compensation or other benefits other than those expressly provided for or referenced in
this Agreement. 
  

	6.	INDEMNIFICATION 

 The Executive shall be
indemnified and held harmless by Employer against all actions, proceedings, costs, charges, expenses (including reasonable attorney’s fees), losses, damages or liabilities incurred or sustained by him, (other than by reason of the
Executive’s dishonesty, wilful default or fraud), in or about the conduct of the business or affairs of CHC (including as a result of any mistake of judgement) or in the execution or discharge of his duties, powers, authorities or discretions,
including without prejudice to the generality of the foregoing, any costs, expenses (including reasonable attorney’s fees), losses or liabilities incurred by him in defending (whether successfully or otherwise) any civil proceedings concerning
CHC or its affairs in any court whether in Canada or elsewhere. Notwithstanding the foregoing, if the Executive’s employment has been terminated for Cause, and such event constituting cause is directly related to the Executive’s need for
indemnification, Employer shall have no obligation whatsoever to indemnify the Executive for any claim arising out of such event constituting Cause. The Employer shall cover the Executive under the directors’ and officers’ liability
insurance obtained by CHC in the same amount and to the same extent as CHC covers directors and officers of CHC group companies. 
  

	7.	CONFIDENTIAL INFORMATION 

 7.1 The
Executive acknowledges that, by reason of the Executive’s employment with Employer, the Executive will have access to Confidential Information, as hereinafter defined, of CHC, that CHC has spent time, effort and money to develop and acquire.
For the purposes of this paragraph and for greater certainty, any reference to “CHC” shall mean CHC and its affiliates and subsidiaries. The term “Confidential Information” as used in this Agreement means all trade secrets,
proprietary information and other data or information (and any tangible evidence, record or representation thereof) whether prepared, conceived or developed by an employee or agent of CHC (including the Executive) or received by CHC from an outside
source which is maintained in confidence by CHC or the outside source who provided the information in question. Without limiting the generality of the foregoing, Confidential Information includes information of CHC pertaining to: 

 

	 	(a)	any ideas, improvements, know-how, research, inventions, innovations, products, services, sales, processes, methods, machines, procedures, tests, treatments,
developments, technical data, designs, devices, patterns, concepts, computer programs or software, records, data, training or service manuals, plans for new or revised services or products or other plans, items or strategy methods on compilation of
information, or works in process, or any inventions or parts thereof, and any and all revisions and improvements relating to any of the foregoing (in each case whether or not reduced to tangible form) that relate to the business or affairs of CHC or
that result from its marketing, research and/or development activities; 

  
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	 	(b)	the identities of clients and potential clients, customers and potential customers (collectively, “Customers”); the identities of contact persons at
Customers; the preferences and needs of Customers; customer contact persons; information regarding sales terms, service plans, methods, practices, strategies, forecasts, know-how, and other marketing techniques; the identities of key accounts,
potential key accounts; the identities of suppliers and contractors, and all information about those supplier and contractor relationships such as contact person(s), pricing and other terms; 

 

	 	(c)	any information relating to the relationship of CHC with any personnel, suppliers, principals, investors, contacts or prospects of CHC and any information relating to
the requirements, specifications, proposals, orders, contracts or transactions of or with any such persons; 

  

	 	(d)	any marketing material, plan or survey, business plan, opportunity or strategy, development plan or specification or business proposal; 

 

	 	(e)	financial information, including CHC’s costs, financing or debt arrangements, income, profits, salaries or wages; and 

 

	 	(f)	any information relating to the present or proposed business of CHC. 

 7.2 The Executive acknowledges that the Confidential Information is a valuable and unique asset of CHC and that the Confidential Information is and will remain the exclusive property of CHC. 

7.3 The Executive agrees to maintain securely and hold in strict confidence all Confidential Information received, acquired or developed by the Executive
or disclosed to the Executive as a result of or in connection with the Executive’s association with CHC. The Executive agrees that, both during the term of this Agreement and after the termination of the Executive’s employment with
Employer, the Executive will not, directly or indirectly, divulge, communicate, use, copy or disclose or permit others to use, copy or disclose, any Confidential Information to any person, except as such disclosure or use is required to perform the
Executive’s duties hereunder. The obligation of confidentiality imposed by this Agreement shall not apply to information that appears in issued patents or printed publications, that otherwise becomes generally known in the industry through no
act of the Executive in breach of this Agreement, or that is required to be disclosed by court order or applicable law. 
 7.4 The Executive
understands that CHC has from time to time in its possession information belonging to third parties or which is claimed by third parties to be confidential or proprietary and which CHC has agreed to keep confidential. The Executive agrees that all
such information shall be Confidential Information for the purposes of this Agreement. 

  
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 7.5 For purposes of the copyright laws of the United States of America, to the extent, if any, that such
laws are applicable to any Confidential Information, it shall be considered a work made for hire and CHC shall be considered the author thereof. 
 7.6 The Executive agrees that documents, copies, records and other property or materials made or received by the Executive that pertain to the business and affairs of CHC, including all Confidential
Information which is in the Executive’s possession or under the Executive’s control are the property of CHC and that the Executive will return same and any copies of same to Employer immediately upon termination of this Agreement or at any
time upon the request of Employer. 
 7.7 Notwithstanding the foregoing terms of this paragraph 7, the Executive shall be permitted to retain
copies of this Agreement, and any documentation related to this compensation, benefits and equity rights arising under or contemplated by this Agreement. 
  

	8.	DISCLOSURE OF DISCOVERIES. IDEAS AND INVENTIONS 

 8.1 Any new technology, knowledge or information developed by the Executive related to the business of CHC during the term of this Agreement shall be the exclusive property of CHC to the extent that such
technology, knowledge or information is owned by the Executive. 
 8.2 The Executive acknowledges that all Confidential Information (as defined
above) and all other discoveries, know-how, inventions, ideas, concepts, processes, products, protocols, treatments, methods, tests and improvements, computer programs, or parts thereof, conceived, developed, reduced to practice or otherwise made by
him either alone or with others, during the course of his employment with Employer pursuant to this Agreement or any previous employment agreements or arrangements between the Executive and CHC, whether or not conceived, developed, reduced to
practice or made during the Executive’s regular working hours or on the premises of CHC (collectively “Inventions”), and any and all services and products which embody, emulate or employ any such Inventions will be the sole property
of CHC and all copyrights, patents, patent rights, trademarks, service marks and reproduction rights to, and other proprietary rights in, each such Invention, whether or not patentable or copyrightable, will belong exclusively to CHC. For purposes
of the copyright laws of the United States of America, to the extent, if any, that such laws are applicable to any such Invention or any such service or product, it will be considered a work made for hire and CHC will be considered the author
thereof. 
 8.3 The Executive shall disclose promptly to Employer, its successors or assigns, any Inventions. 

8.4 The Executive hereby assigns and agrees to assign all his rights, title and interest in the Inventions, to Employer or its nominee. 

8.5 Whenever requested to do so by Employer, the Executive shall execute any and all applications, assignments or other instruments which CHC shall deem
necessary to apply for and obtain patents or copyrights of Canada, the United States or any foreign country or to otherwise protect CHC’s interest in the Inventions and shall assist CHC in every proper way (entirely at CHC’s expense,
including reimbursement to the Executive for all expense and loss of income) to obtain such patents and copyrights and to enforce them. 

  
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 8.6 The Executive hereby waives for the benefit of CHC and its successors and assigns any and all moral
rights in respect of any Inventions. 
  

	9.	NON-COMPETITION 

 9.1 The Executive
recognizes and understands that in performing the duties and responsibilities of his employment as provided in this Agreement, he will occupy a position of high fiduciary trust and confidence, pursuant to which he will develop and acquire wide
experience and knowledge with respect to all aspects of CHC’s global helicopter services and other businesses carried on by CHC and its affiliates and the manner in which such businesses are conducted. It is the express intent and agreement of
the Executive and Employer that such knowledge and experience shall not be used in any manner which would be detrimental to the business interests of CHC and such affiliates whether during the currency of his employment by Employer or at any time
following the termination of his employment with Employer. The Executive covenants and agrees with Employer that the Executive will not, without the prior written consent of Employer, at any time within a period of twelve (12) months following
the termination of the Executive’s employment for any reason, either individually or in partnership or in conjunction with any person, whether as principal, agent, shareholder, director, officer, employee, investor, or in any other manner
whatsoever, directly or indirectly, advise, manage, carry on, be engaged in, own or lend money to, or permit the Executive’s name or any part thereof to be used or employed by any person managing, carrying on or engaged in a business of
supplying global, national or local helicopter (including helicopter maintenance) services. 
 9.2 The Executive shall not, for a period of
twelve (12) months after the termination of employment for any reason, without the prior written consent of Employer, for his account or jointly with another, either directly or indirectly, for or on behalf of himself or any individual,
partnership, corporation or other legal entity, as principal, agent, employee or otherwise, solicit, influence, entice or induce, attempt to solicit, influence, entice or induce: 

 

	 	(a)	any person who is employed by CHC or any affiliated company to leave such employment; or 

 

	 	(b)	any person, firm or corporation whatsoever, who or which has at any time in the last two (2) years of the Executive’s employment with Employer or any
predecessor of Employer, been a customer of CHC, an affiliate company, or of any of their respective predecessors, provided that this subparagraph shall not prohibit the Executive from soliciting business from any such customer if the business is in
no way similar to the business carried on by CHC, an affiliated company, any of their respective predecessors, subsidiaries or associates to cease its relationship with CHC or any affiliated company. 

 

	10.	INJUNCTIVE RELIEF 

 10.1 The Executive
understands and agrees that CHC has a material interest in preserving the relationships it has developed with its customers against impairment by competitive activities of a former employee. Accordingly, the Executive agrees that the restrictions
and covenants contained in paragraphs 7 and 9 are reasonably required for the protection of CHC and its goodwill and that his agreement to same by his execution of this Agreement are of the essence to this Agreement and constitute a material
inducement to Employer to enter into this Agreement and to employ the Executive, and that Employer would not enter into this Agreement absent such an inducement. 
 10.2 The parties recognize that a breach by the Executive of any of the covenants herein contained would result in damages to CHC and that CHC could not adequately be compensated for such

  
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damages by monetary award. Accordingly, the Executive agrees that in the event of any such breach, in addition to all other remedies available to CHC at law or in equity, CHC shall be entitled as
a matter of right to apply to a court of competent jurisdiction for such relief by way of restraining order, injunction, decree or otherwise, as may be appropriate to ensure compliance with the provisions of this Agreement. 

10.3 The parties further agree that a breach by the Executive of any of the covenants contained in paragraphs 7, and 9 will nullify and make void the
obligation that Employer has to make the payments referred to in paragraph 5 and where such payments have already been made, the Executive agrees to reimburse Employer the amount paid. Where the Executive fails to reimburse Employer, the amount paid
to the Executive shall be a debt due and owing from the Executive to Employer. The parties also agree that a breach by the Employer of its obligation to make the payments referred to in subparagraphs 5(3), 5(4) and 5(5) of this Agreement will
nullify and make void the Executive’s obligations under paragraph 9. 
 10.4 The parties agree that all restrictions in paragraphs 7, 8 and
9 of this Agreement are necessary and fundamental to the protection of the business of CHC and are reasonable and valid, and all defences to the strict enforcement thereof by CHC are hereby waived by the Executive, other than any defence based upon
a breach by the Employer of its obligation to make the payments referred to in subparagraphs 5(3), 5(4) and 5(5) of this Agreement. 
  

	11.	REPRESENTATION AND WARRANTY OF THE EXECUTIVE 

 The Executive represents and warrants that he is not under any obligation, contractual or otherwise, to any other firm or corporation, which would prevent his entry into the employ of Employer or his
performance of the terms of this Agreement. 
  

	12.	ENTIRE AGREEMENT 

 12.1 This Agreement
contains the entire agreement between Employer and the Executive with respect to the subject matter hereof, and may not be amended, waived, changed, modified or discharged except by an instrument in writing executed by the parties hereto.

 12.2 The Executive acknowledges and agrees that this Agreement replaces and supersedes any previous employment agreement with Employer, or
any prior representations made to the Executive by Employer or CHC. 
  

	13.	ASSIGNABILITY 

 The services of the
Executive hereunder are personal in nature, and neither this Agreement nor the rights or obligations of Employer hereunder may be assigned by Employer, whether by operation of law or otherwise, without the Executive’s prior written consent.
This Agreement shall be binding upon, and inure to the benefit of, Employer, CaymanCo and its direct and indirect subsidiaries and its and their permitted successors and assigns hereunder. This Agreement shall not be assignable by the Executive, but
shall inure to the benefit of the Executive’s heirs, executors, administrators and legal representatives. 
  

	14.	NOTICE 

 Any notice that may be given
hereunder shall be in writing and be deemed given when hand delivered and acknowledged or, if mailed, one day after mailing by registered or certified mail, return receipt requested, or if delivered by an overnight delivery service, one (1) day
after the notice is delivered to such service, to either party hereto at their respective addresses stated above, or at such other address as either party may by similar notice designate. 

  
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	15.	NO THIRD PARTY BENEFICIARIES 

 Nothing in
this Agreement, express or implied, is intended to confer upon any person or entity other than the parties (and the Executive’s heirs, executors, administrators and legal representatives and the permitted transferees of the Options) any rights
or remedies of any nature under or by reason of this Agreement. 
  

	16.	SUCCESSOR LIABILITY 

 Employer shall
require any subsequent successor, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all of the business assets of Employer or CHC to assume expressly and agree to perform this Agreement in the same
manner and to the same extent that Employer would be required to perform it if no such succession had taken place. 
  

	17.	MITIGATION 

 The Executive shall not be
required to mitigate the amount of the payment provided for in this Agreement by seeking other employment or otherwise, nor shall the amount of any payment or benefit provided for in this Agreement be reduced by any compensation earned by the
Executive as the result of employment by another employer or by retirement benefits payable after the termination of this Agreement, except that Employer shall not be required to provide the Executive and his eligible dependents with medical
insurance coverage as long as the Executive and his eligible dependents are receiving comparable medical insurance coverage from another employer. 
  

	18.	WAIVER OF BREACH 

 The failure at any time
to enforce or exercise any right under any of the provisions of this Agreement or to require at any time performance by the other parties of any of the provisions hereof shall in no way be construed to be a waiver of such provisions or to affect
either the validity of this Agreement or any part hereof, or the right of any party hereafter to enforce or exercise its rights under each and every provision in accordance with the terms of this Agreement. 

 

	19.	NO ATTACHMENT 

 Except as required by law,
no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge or hypothecation or to execution, attachment, levy or similar process or assignment by
operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect; provided, however, that nothing in this paragraph 19 shall preclude the assumption of such rights by executors,
administrators or other legal representatives of the Executive or his estate and their assigning any rights hereunder to the person or persons entitled thereto. 
  

	20.	ARBITRATION 

 Any dispute arising out of
or relating to the application or interpretation of this Agreement shall be submitted to binding arbitration in accordance with the provisions of the Commercial Arbitration Act of British Columbia except for any dispute arising from
paragraphs 7 and 9 when injunctive relief may be reasonably required. 

  
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	21.	SEVERABILITY 

 The invalidity or
unenforceability of any term, phrase, clause, paragraph, restriction, covenant, agreement or other provision hereof shall in no way affect the validity or enforceability of any other provision, or any part thereof, but this Agreement shall be
construed as if such invalid or unenforceable term, phrase, clause, paragraph, restriction, covenant, agreement or other provision had never been contained herein unless the deletion of such term, phrase, clause, paragraph, restriction, covenant,
agreement or other provision would result in such a material change as to cause the covenants and agreements contained herein to be unreasonable or would materially and adversely frustrate the objectives of the parties as expressed in this
Agreement. 
  

	22.	SURVIVAL 

 The obligations set out in
paragraph 3, 4, and 5 of this Agreement shall survive the termination of this Agreement and shall remain binding upon Employer until such time as such benefits are paid in full to the Executive or his estate. The obligations set out in paragraphs 6,
7, 8 and 10 of this Agreement shall survive indefinitely and the obligations set out in paragraph 9 shall survive for twelve (12) months following termination of the Executive’s employment under this Agreement. 

 

	23.	EMPLOYMENT STANDARDS LEGISLATION 

 In the
event that minimum standards in the Employment Standards Act, R.S.B.C. 1996, c. 113, the Canada Labour Code, R.S.C. 1958, c. L-2, as. am., or any other employment standards legislation, that may be applicable are more favourable to the
Executive in any respect, including but not limited to the provisions herein in respect of notice of termination or vacation entitlement, the provisions of the Employment Standards Act, or the Canada Labour Code, or such other
applicable employment standards legislation, shall apply. 
  

	24.	CONSTRUCTION 

 Except as otherwise
provided in paragraph 25, this Agreement shall be governed by, and construed in accordance with the laws of the Province of British Columbia and the laws of Canada applicable therein, without giving effect to principles of conflict of laws. All
headings in this Agreement have been inserted solely for convenience of reference only, are not to be considered a part of this Agreement and shall not affect the interpretation of any of the provisions of this Agreement. 

 

	25.	COMPLIANCE WITH 409A 

 To the extent
applicable, it is intended that this Agreement (including all amendments thereto) comply with the provisions of Section 409A of the United States Internal Revenue Code of 1986, as amended (the “Code”), so that the income inclusion
provision of Section 409A (a)(1) of the Code does not apply to Executive. This Agreement shall be interpreted and administered in a manner consistent with this intent. Employer will reimburse the Executive for the cost incurred by the
Executive, up to a maximum of US$8,000, to obtain an opinion from legal counsel of the Executive’s choosing concerning this Agreement’s compliance with Section 409A of the Code. 

  
 Page 14 of 15

 THIS SPACE LEFT BLANK INTENTIONALLY. 

 

	26.	INDEPENDENT LEGAL ADVICE 

 The Executive
agrees that the contents, terms and effect of this Agreement have been explained to him by a lawyer and are fully understood or that the Executive has waived his right to seek legal advice but fully understands and accepts the contents, terms and
affect of this Agreement. 
  

	27.	COUNTERPARTS 

 This Agreement may be
executed in one or more counterparts in .pdf format or otherwise, each of which shall be deemed to be an original copy of this Agreement and all of which, when taken together, shall be deemed to constitute one and the same agreement. 

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

 

							
	 /s/ John Graber
	 		 	 /s/ illegible
	 	
	John Graber	 		 	Witness	 	
				
	 Heli-One American Support LLC.
	 		 		 	
				
	 /s/ Bill Amelio
	 		 		 	
	Bill Amelio	 		 		 	
	Chairman	 		 		 	

  
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