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EXHIBIT 10.1

S-76C+ NEW HELICOPTER SALES AGREEMENT

THIS S-76C+ NEW HELICOPTER SALES AGREEMENT, dated as of the Acceptance Date stated below, by
and between the Sikorsky Contracting Entity (“Sikorsky”) named below and the Buyer named below.

	I.	 	DEFINITIONS / INFORMATION FOR THIS AGREEMENT

	 	 	 
	Buyer:

	 	Offshore Logistics
	 
	Sikorsky Contracting Entity:

	 	Sikorsky Aircraft Corporation
	 
	Sikorsky Contract No:

	 	S76TD02065
	 
	Helicopter Quantity:

	 	15 plus optional additions as described below
	 

Scheduled Presentation Date:

FIRM AIRCRAFT ORDER

Three helicopters in each year from 2002 through 2006 (inclusive of 2006). The calendar year 2002
aircraft will be delivered in December. The calendar year 2003 aircraft will be delivered one each
in February, April and June. In all subsequent years (2004 through 2006), deliveries will be
planned at dates mutually agreed upon by the Parties. Sikorsky shall provide the customer an annual
production schedule each June, beginning in 2003 for use in selecting delivery positions for the
subsequent calendar year. Final delivery positions are to be determined no later than September 15
of the preceding year.

OPTION 1 AIRCRAFT

At Buyer’s option, upon notification to Seller not later than September 15 of the prior year, in
the years 2003 through 2006, Buyer may elect to procure an additional one to three aircraft at the
Helicopter Unit Price for the applicable year listed in Table 1. Delivery timing of these Option 1
Aircraft will be scheduled by mutual agreement.

OPTION 2 AIRCRAFT

At Buyer’s option, upon notification to Seller not later than September 15 of the preceding year of
desired delivery, Buyer may elect to purchase up to six aircraft in each of the years 2007, 2008 at
the applicable Helicopter Unit Price listed in Table 1. Delivery timing of these Option 2 Aircraft
will be scheduled by mutual agreement.

Helicopter Unit Price:

See Table 1

Scheduled Presentation Date, Utility Helicopter:

Following completion to the Utility Helicopter configuration, each Utility Helicopter shall be
scheduled for delivery on the first business day following the ninetieth day after Buyer acceptance
of the Helicopter. See also Section II, paragraph 7. For the three Helicopters accepted by Buyer in
2002, the Scheduled Presentation Date, Utility Helicopter, shall be not later than 30 APR 03.

Payments:

See Section III

 

 

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Buyer’s Contact for Technical Issues:

Doug Foursland or Mike Suldo

Air Logistics L.L.C.

224 Rue de Jean

Lafayette, LA 70508

(337) 365-6771

Buyer’s Address for Legal Notices:

Air Logistics L.L.C.

224 Rue de Jean

Lafayette, LA 70508

(337) 365-6771

	II.	 	DESCRIPTION OF SALE
	 
	1.	 	Sale — Sikorsky shall sell and deliver to the Buyer, and the Buyer
shall purchase from Sikorsky, the Quantity of Sikorsky Model S-76C
Helicopters with Turbomeca 2S1 engines (known as the S-76C+) and
equipped with the items of additional equipment specified in Exhibit
A, Part 1 (the “Helicopter”). In addition, Sikorsky shall sell and
perform the Completion Services for Buyer and Buyer shall purchase the
Completion Services on the Helicopter, which will then be equipped
with the items of additional equipment specified in Exhibit A, Part 2
(the “Utility Helicopter”). The Helicopter shall be accepted at
Sikorsky Aircraft’s designated facilities in Stratford, CT. Subsequent
to the title transfer, Sikorsky shall retain custody of the Helicopter
for the purpose of the performance of the Completion Services. As part
of the Completion Services, Sikorsky will transport the Helicopter, at
its expense, from Connecticut, to Sikorsky’s Designated Completion
Center in West Chester, PA via ferry flight. Upon its arrival at the
Designated Completion Center, the Helicopter shall be inducted into
the facility in order to allow the performance of the Completion
Services.
	 
	2.	 	Presentation of Helicopter for Acceptance — The Helicopter shall be
presented for acceptance at the Sikorsky designated facility in
Connecticut on the Scheduled Presentation Date Helicopter. Upon
Buyer’s request for a demonstration flight of the Helicopter, Sikorsky
shall conduct a demonstration flight at the Sikorsky’s designated
facility in Connecticut during such presentation, which flight shall
be approximately one (1) hour in duration. Buyer’s obligation to
purchase the Helicopter is conditioned upon and subject to Buyer being
satisfied that the Helicopter is in airworthy condition with all
flight critical systems functional and in proper working order, and
has been manufactured in accordance with the specifications of this
Agreement and that the Helicopter has no damage, corrosion or other
defects.
	 
	3.	 	Acceptance and Title Transfer — After presentation of the Helicopter,
Buyer shall evidence its acceptance of the Helicopter by executing a
Certificate of Helicopter Acceptance. Thereafter, Sikorsky shall
transfer title to Buyer at Sikorsky’s designated facility in
Connecticut. Following title transfer, Sikorsky shall provide to Buyer
a FAA Certificate of Airworthiness and a Bill of Sale.
	 
	4.	 	Risk of Loss — Sikorsky shall have risk of loss and damage of the
Helicopter, subsequent to the transfer of title through Buyer’s
acceptance of the Completion Service.
	 
	5.	 	Presentation of Completion Services for Acceptance — Upon the
completion of the Completion Services, the Utility Helicopter shall be
presented for acceptance of the work performed at the Sikorsky
Designated Completion Center on the Scheduled Presentation Date
Completion Services. Upon Buyer’s request for a demonstration flight
of the Utility Helicopter, Sikorsky shall conduct a demonstration
flight of the Utility Helicopter, at the Sikorsky Designated
Completion Center during such presentation, which flight shall be
approximately one (1) hour in duration. Buyer’s obligation to accept
the Utility Helicopter is conditioned upon and subject to Buyer being
satisfied that the Utility Helicopter is in airworthy condition with
all flight critical systems functional and in proper working order.
	 
	6.	 	Acceptance of Completion Services — After presentation, Buyer shall
evidence its acceptance of the Completion Services by executing a
Certificate of Acceptance of the Completion Services. Thereafter, upon
the receipt of the Completion Services Final Payment pursuant to
Article III. 1. below, Sikorsky shall deliver to Buyer a FAA Return to
Service Certificate and the Utility Helicopter shall then be at
Buyer’s risk.

 

 

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	7.	 	Liquidated Damages for Late Deliveries — *
	 
	 	 	In the event that Buyer elects to amend the configuration of the
Utility Helicopter by the inclusion of items listed in Exhibit A as
Additional Optional Aircraft Components, Seller reserves the right
to modify the allowed time for performance of Completion Services.
Such modification shall be made known to Buyer at the time of
Buyer’s request to include these items and shall not exceed a
maximum of 45 days.
	 
	III.	 	PRICE/PAYMENT SCHEDULE
	 
	1.	 	Payment Schedule — The Buyer shall pay to Sikorsky the Total Contract
Price by wire transfer to Sikorsky’s to Account No. 57-56685 ABA No. 071-000013
SWIFT:FNBCUS44 at BANKONE N.A., 1 Bank One Plaza, Chicago,IL 60670 as follows:
	 
	 	 	a)	 	Advance Payment — For Firm Aircraft scheduled for delivery in 2002 or
2003, Buyer shall pay the amount listed in Table 1 for these aircraft
on the date Buyer signs this Agreement. For 2004 and later aircraft,
including aircraft under Option 1 or Option 2, this Advance Payment
shall be due not later than September 15 of the year preceding
delivery. For Option 1 Aircraft desired by Buyer for delivery in 2003,
the option election and resultant Advance Payment due date is extended
to December 31, 2002.
	 
	 	 	b)	 	Helicopter Payment — For all aircraft, a Helicopter Payment as
defined in Table 1 shall become due when each Helicopter receives its
Standard Airworthiness Certificate upon completion of baseline build
and acceptance by Buyer.
	 
	 	 	c)	 	Completion Payment — For all aircraft, a Completion Payment is due on
the date of Buyer’s acceptance of Completion Services on each
aircraft. (If Buyer does not make itself available for presentation
and acceptance of the Utility Helicopter, the Completion Payment shall
be due within ten (10) days following receipt by Buyer of written
notification that the Utility Helicopter is ready for presentation and
acceptance.) Such Completion Payment shall include all amounts due on
each aircraft, to include the Completion Payment per Table 1 and any
other adjustments made by amendment applicable to the aircraft. The
Completion Payment may be in the form of a combination of cash via
wire transfer, as well as title to one previously-owned
Sikorsky-manufactured helicopter as provided under Section XI.

Aircraft Payments

     The below Table 1 defines the payments for Firm and Option aircraft in each of the subject years.

*

Adjustment for Additional Quantities

*

	2.	 	Notwithstanding the payment terms in Paragraph 1 above, the price
for each Helicopter shall be as defined in Table 2 below.

*

 

 

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	IV.	 	CONFIGURATION FINALIZATION

	 	1.	 	Finalization Dates — The parties acknowledge that the Helicopter
configuration set forth in Exhibit A is not yet finalized and
therefore agree to finalize the following portions of the
configuration on an individual aircraft basis. For each aircraft
delivered under this Agreement, the below items shall be confirmed by
Buyer not later than 60 days prior to the scheduled delivery date of
each Helicopter.

	 	 	 	Each of these items shall be confirmed no later than 60 days prior to each
Helicopter delivery and induction into completion services:

Interior Rendering Board

Passenger Briefing Text

Aircraft Registration Number

Exterior Paint Rendering

Engine/Transmission Oil

Paint Scheme

	 	 	 	With regards to the first three aircraft (2002 deliveries only) these items
shall be confirmed no later than one week after title transfer of the
Helicopter.

	 	2.	 	Amendment — For this purpose, the Buyer’s Contact for Technical
Issues shall have complete authority on behalf of the Buyer to discuss
configuration issues and amend this Agreement accordingly, with
associated technical, price and/or delivery changes. If the above
dates are not met, Sikorsky may delay the Scheduled Delivery Date for
Completion Services and/or increase the Helicopter Price due to
Sikorsky’s additional costs associated with such delay and/or
terminate this Agreement.
	 
	 	3.	 	Suitability of Configuration — The Buyer is responsible for having
ensured that the helicopter configuration, defined herein, meets all
the operational requirements of the country of
destination/registration as they relate to the specific intended usage
of the helicopter. If requested, Sikorsky shall make a good faith
attempt to assist in the determination of this configuration. If
required for import/registration requirements in the foreign country,
Sikorsky shall endeavor to obtain that country’s design approval of
the configuration items not already approved.

	V.	 	WARRANTIES
	 
	1.	 	Helicopter Airframe — Sikorsky warrants to Buyer that the Helicopter
airframe sold hereunder will be free from defects in material and
manufacture at the time of title transfer under normal use and
service, provided that Sikorsky’s liability and Buyer’s remedy under
this warranty are limited to the repair or replacement, at Sikorsky’s
election, of Helicopter parts which are shown to Sikorsky’s reasonable
satisfaction to have been thus defective and returned to Sikorsky
within 1,500 operational hours after the first use or operation
of the Helicopter upon which such Helicopter part(s) was originally
installed, but in no event later than two (2) years after the date
of acceptance of the Utility Helicopter by Buyer. A written notice of
a warranty claim must be given promptly by Buyer to Sikorsky and, in
no event later than sixty (60) days after Buyer’s discovery of a
defect within the warranty period. Transportation charges for the
return of such defective Helicopter parts to Sikorsky and their
reshipment to Buyer and the risk of loss thereof will be borne by
Sikorsky if returned in accordance with written shipping instructions
from Sikorsky. Replacement (newly manufactured or repaired) Helicopter
parts are warranted for the remainder of the applicable  two (2)
years or 1,500 hours original warranty period.

	 	 	This warranty shall not apply to any Helicopter or Helicopter part which in
Sikorsky’s judgment (1) shall have been repaired or altered outside Sikorsky’s
facilities in any way so as to affect the safety, function or reliability of
the Helicopter or Helicopter part, or (2) has been subject to misuse,
negligence, accident or other abuse.

	1.	 	Inasmuch as avionics and navigation equipment are usually warranted
separately by their respective manufacturers, Sikorsky does not make
any warranty whatsoever with respect to avionics and navigation
equipment. However, if any such manufacturer does not have local
facilities or representation for the processing of warranty claims,
any warranty claim in connection with such equipment may be made
directly to Sikorsky who, as a matter of accommodation, will process
the claim on behalf of the Buyer to the appropriate manufacturer.

 

 

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	2.	 	Engines — Notwithstanding, the warranty in Paragraph 1 above, and in
lieu of such warranty, the engine manufacturer’s warranty (a copy of
which has been furnished to Buyer and which is incorporated herein by
reference), is the warranty applicable to turbine engines installed in
the Helicopter(s) and turbine engine parts sold hereunder.
	 
	3.	 	Title — Sikorsky warrants to Buyer that it will convey good title to
the Helicopter(s) and Helicopter parts sold hereunder. Sikorsky’s
liability and Buyer’s remedy under this warranty are limited to the
removal of any title defect or at the election of Sikorsky to the
replacement of the Helicopter or Helicopter parts thereof which are
defective in title; provided, however, that the right and remedies of
the parties with respect to patent infringement shall be limited to
the provisions of Paragraph 4 below.
	 
	4.	 	Patent Infringement — Sikorsky shall conduct, at its own expense, the
entire defense of any claim, suit or action alleging that, without
further combination, the use or resale by Buyer or any subsequent
purchaser or user of the Helicopter(s) delivered hereunder directly
infringes any United States patent, but only on the conditions that
(A) Sikorsky receives prompt written notice of such claim, suit, or
action and full opportunity and authority to assume the sole defense
thereof, including settlement and appeals, and all information
available to Buyer and defendant for such defense; (B) said
Helicopter(s) is made according to a specification or design furnished
by Sikorsky or, if a process patent is involved, the process performed
by the Helicopter(s) is recommended in writing by Sikorsky; and (C)
the claim, suit, or action is brought against Buyer or one expressly
indemnified by Buyer. Provided all of the foregoing conditions have
been met, Sikorsky shall, at its own expense, either settle said
claim, suit, or action or shall pay all damages excluding
consequential damages and costs awarded by the court therein, and, if
the use or resale of such Helicopter(s) is finally enjoined, Sikorsky
shall, at Sikorsky’s option: (i) procure for defendant the right to
use or resell the Helicopter(s), (ii) replace them with equivalent
noninfringing Helicopter(s), (iii) modify them so they become
noninfringing but equivalent, or (iv) remove them and refund the
purchase price (less a reasonable allowance for use, damage, and
obsolescence).
	 
	 	 	If a claim, suit, or action is based on a design or specification furnished by
Buyer, or on the performance of a process not recommended in writing by
Sikorsky, or on the use or sale of the Helicopter(s) or Helicopter parts
delivered hereunder in combination with other Helicopter parts not delivered to
Buyer by Sikorsky, Buyer shall indemnify and save Sikorsky harmless therefrom.
	 
	5.	 	Exclusive Warranties and Remedies — THE FOREGOING WARRANTIES ARE
EXCLUSIVE AND ARE GIVEN AND ACCEPTED IN LIEU OF (i) ANY AND ALL OTHER
WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION THE
IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR
PURPOSE; AND (ii) ANY OBLIGATION, LIABILITY, RIGHT, CLAIM, OR REMEDY
IN CONTRACT OR TORT, WHETHER OR NOT ARISING FROM SIKORSKY’S OR ANY OF
ITS AFFILIATE’S NEGLIGENCE, ACTUAL OR IMPUTED, STRICT TORT LIABILITY
OR BREACH OF WARRANTY. THE REMEDIES OF THE BUYER SHALL BE LIMITED TO
THOSE PROVIDED HEREIN TO THE EXCLUSION OF ANY OTHER REMEDIES
INCLUDING, WITHOUT LIMITATION, INCIDENTAL OR CONSEQUENTIAL DAMAGES. NO
AGREEMENT VARYING OR EXTENDING THE FOREGOING WARRANTIES, REMEDIES, OR
THIS LIMITATION WILL BE BINDING UPON SIKORSKY OR ANY OF ITS AFFILIATES
UNLESS IN WRITING, SIGNED BY A DULY AUTHORIZED OFFICER OF SIKORSKY OR
SUCH AFFILIATES.
	 
	VI.	 	STANDARD TERMS AND CONDITIONS
	 
	1.	 	Excusable Delays — Buyer acknowledges that the goods called for
hereunder are to be manufactured for Buyer to fulfill this
Agreement and that the delivery dates are based on the assumption that
there will be no delay due to causes beyond the reasonable control of
Sikorsky. Sikorsky shall not be charged with any liability for delay
or non-delivery when due to delays of suppliers, acts of God or the
public enemy, compliance in good faith with any applicable foreign or
domestic governmental regulation or order whether or not it proves to
be invalid, fires, riots, labor disputes, unusually severe weather, or
any other cause beyond the reasonable control of Sikorsky. To the
extent that such causes actually retard deliveries on the part of
Sikorsky, the time for Sikorsky’s performance shall be extended for as
many days beyond the delivery date as are required to obtain removal
of such causes. This provision shall not, however, relieve Sikorsky
from using reasonable efforts to avoid or remove such causes and
continue performance with reasonable dispatch whenever such causes are
removed.
	 
	2.	 	Inability Or Refusal To Pay — If Buyer is unable or refuses to make
payment to Sikorsky in accordance with any of its obligations to
Sikorsky, Sikorsky may, at its option, terminate this Agreement by
giving to Buyer written notice of its intention to terminate. Upon
such termination, Sikorsky shall be relieved of any further
obligations to Buyer and

 

 

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	 	 	Buyer shall reimburse Sikorsky for its
termination costs and expenses and a reasonable allowance for profit.
All sums paid to Sikorsky from whatever sources may be retained by
Sikorsky and applied toward any amount owed to Sikorsky. In addition,
Sikorsky shall have the right to reduce and set-off against any
amounts payable by Sikorsky to Buyer or against Buyer’s property in
Sikorsky’s possession any indebtedness or other claim which Sikorsky
may have against Buyer. The excess, if any, of such sums over the
total termination amount shall be returned to the Buyer by Sikorsky.
	 
	3.	 	Taxes — In addition to the Total Contract Price, the Buyer shall be
responsible for payment of any and all taxes (including any sales and
use tax, but not including Sikorsky’s income taxes), which may be
imposed by any taxing authority arising from the sale, delivery or use
of the Helicopter. If Sikorsky is held responsible by any taxing
authority for collection or payment, either on its own behalf or that
of the Buyer, Buyer shall pay all such taxes to Sikorsky upon receipt
by Buyer from Sikorsky of its bill therefor. Buyer’s obligations under
this Paragraph 3 shall survive delivery hereunder.
	 
	4.	 	Limitation Of Liability — With respect to any Helicopter, part or
service purchased under this Agreement and alleged to be the direct or
indirect cause of any loss or damage to the Buyer, the sum equal to
the invoiced price of such Helicopter, part or service shall be the
ceiling limit on Sikorsky’s or any of its affiliate’s liability
whether founded in contract or tort (including negligence, strict tort
liability or breach of warranty), arising out of or resulting from (i)
this Agreement or the performance or breach thereof, or (ii) the
design, manufacture, delivery, sale, repair, replacement, or any use
of such Helicopter, or (iii) the furnishing of any such service. In no
event shall Sikorsky or any of its affiliates have any liability for
any incidental or consequential damages.
	 
	5.	 	Assignment/Construction/Merger — This Agreement shall inure to the
benefit of and be binding upon the successors and assigns of the
parties hereto, but it may not be voluntarily assigned, wholly or in
part, by either party hereto without the prior written consent of the
other party. This Agreement shall be interpreted in accordance with
the plain English meaning of its terms, and the construction thereof
shall be governed by the laws of the State of Connecticut, United
States of America. The parties further agree to submit to the
jurisdiction of both the state and federal courts of Connecticut. The
terms and conditions contained in this Agreement constitute the entire
agreement between the parties hereto and shall supersede all previous
communications, representations or agreements, either oral or written,
between the parties hereto with respect to the subject matter hereof,
and no agreement or understanding varying or extending the same will
be binding upon either party hereto unless in writing, signed by a
duly authorized officer or representative thereof.
	 
	6.	 	Notices — All notices or communications of any kind under and with
respect to this Agreement shall be in the English language. All legal
notices shall be given by hand delivery or registered mail and, if to
the Buyer, shall be addressed as indicated in Article 1; and if to
Sikorsky, shall be addressed to Sikorsky Aircraft Corporation, 6900
Main Street, P. O. Box 9729, Stratford, Connecticut 06497-9129,
U.S.A., Attention: Vice President — Contracts and Counsel. The
effective date of each such notice shall be the date it is received.
	 
	VII.	 	HELICOPTER RELATED PROVISIONS

	1.	 	Type Design and Production Approval — The Federal Aviation
Administration (FAA) has granted Sikorsky Type Certificate H1NE for
the S-76C aircraft with Turbomeca Arriel 2S1 engines (commonly
referred to as the S-76C+). The Helicopter is manufactured in
accordance with the U. S. Department of Transportation, Federal
Aviation Administration (FAA) Regulation Part 21.
	 
	2.	 	Publications — With each Helicopter sold and delivered hereunder,
Sikorsky shall furnish the Buyer with four copies of the Pilot’s
Flight Operating Manual and two copies of the Maintenance Manual with
revision service per aircraft, one each of the following: Illustrated
Parts Catalog, Wiring Manual, Engine Operating and Maintenance Manual
and Engine Illustrated Parts Breakdown, and all revisions to each
manual through the Revision Suspense Date. [Revision Suspense Date is
defined as two years following the end of the latest calendar year
during which at least two aircraft have been delivered to Buyer.] In
addition, the Buyer may elect S-76 Interactive Electronic Technical
Manuals (IETM) contained on one (1) CD-ROM computer disk for the
Maintenance Manual, Illustrated Parts Catalog and Airworthiness
Limitations and Inspection Requirements Manuals (Chapters 4 and 5).
The Buyer shall receive all revisions to the IETM through the Revision
Suspense Date.
	 
	3.	 	Special Flight Tests — Flight test work required for prototyping,
functional checkout, or qualification of any additional equipment
contracted may be performed by the Sikorsky Aircraft Corporation on
the Helicopter prior to acceptance of completed Utility Helicopter
thereto to the Buyer. The delivery of the Utility Helicopter may be
delayed to the extent necessary to accomplish the flight test work
objectives without any liability on the part of 

 

 

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	 	 	Sikorsky for any such
delay. In the event the Utility Helicopter is destroyed during the
period of such flight tests, such destruction arising from any cause
whatsoever, Sikorsky shall be under no obligation to furnish a
substitute Utility Helicopter but shall rather be relieved of all
obligations with respect to the delivery of such Utility Helicopter so
destroyed, except that Sikorsky shall promptly refund to Buyer all
amounts theretofore paid by Buyer with respect to the purchase price
thereof.

	4.	 	Buyer’s Changes to Configuration and Additional Equipment — In the
event that Buyer desires to change the Helicopter configuration and/or
obtain additional equipment for the Helicopter, the parties must agree
to a mutually acceptable amendment to this Agreement reflecting such
technical changes and setting forth any changes in the price and/or
delivery schedule. For this purpose, the Buyer hereby appoints the
Buyer’s Contact for Technical Issues as set forth in Article I, which
person has authority to negotiate any such changes with Sikorsky and
execute a legally binding Amendment reflecting such technical, price
and/or delivery changes.
	 
	5.	 	Future Upgrades and Configuration Enhancements — For S-76 model
enhancements introduced into Sikorsky’s baseline production
configuration during the term of this Agreement, Buyer will be
provided a proposed amendment to this Agreement. Such amendment,
including price and effectivity, will be negotiated for any change
that has material impact to the aircraft value. In case of inability
to reach agreement, Sikorsky or Buyer may terminate the future year
procurements without penalty.
	 
	6.	 	Unqualified Equipment — [If applicable] The following Buyer-specific
equipment has not yet been approved for installation on the Helicopter
by the appropriate regulatory authority:

	 	 	 	 	 
	Nomenclature
	 	Part Number

(none presently selected)
	 	Supplier

	 	 	In order to support the Scheduled Presentation Date, the equipment supplier
must provide substantiating data and/or analysis to Sikorsky in a timely manner
to accomplish the qualification approval. If the supplier is not capable or
willing to provide this substantiation in a timely manner to support delivery
of the Helicopter, the Helicopter will be delivered with space and power
provisions, as applicable, with the equipment furnished on delivery as loose
equipment. The Buyer will be offered the alternative of having Sikorsky perform
necessary tests, without guaranty of results, for an additional price.

	VIII.	 	TRAINING PROVISIONS

	1.	 	Transitional Pilot Training — With each Helicopter sold and delivered
hereunder, Sikorsky shall make available to five (5) Buyer pilots
an S-76 transitional pilot training course approximately five (5) days
in duration.
	 
	2.	 	Annual Maintenance — For the duration of this contract, Sikorsky
shall provide an annual initial S-76 maintenance training course
approximately five (5) days in duration and to be conducted in New
Iberia. Each class session has a maximum of ten students. The course
includes inspection and maintenance troubleshooting. Each mechanic
must have background experience in one or more of the following
categories: certified (by Federal Aviation Administration [“FAA”] or
by an equivalent airworthiness authority) airframe mechanic with one
(1) year practical experience as a rated aircraft mechanic; one (1)
year experience as an active mechanic on a commercial or military
helicopter; or three (3) years general experience as a commercial or
military aircraft mechanic.
	 
	 	 	3. Electrical Training Services — With each Helicopter sold and
delivered hereunder, Sikorsky shall make available to two (2) Buyer
mechanics an S-76 electrical training course approximately ten (10)
days in duration. The course includes inspection and maintenance
troubleshooting and use of a maintenance trainer. Each mechanic must
have background experience in one or more of the following categories:
certified (by Federal Aviation Administration [“FAA”] or by an
equivalent airworthiness authority) airframe mechanic with one (1)
year practical experience as a rated aircraft mechanic; one (1) year
experience as an active mechanic on a commercial or military
helicopter; or three (3) years general experience as a commercial or
military aircraft mechanic.
	 
	4.	 	Engine Training Services — With each Helicopter sold and delivered
hereunder, Sikorsky shall make available to two (2) Buyer mechanics,
an engine maintenance course at the engine manufacturer’s facility.
This course is approximately five (5) days in duration.

 

 

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	5.	 	Scheduling — Within thirty days of Buyer’s execution of the
Agreement, the Buyer shall provide Sikorsky written notice as to
whether the Buyer’s personnel or designees are going to attend the
S-76 transitional pilot training. Sikorsky will, if practical,
schedule the ground school portion of the pilot training course and
the maintenance/electrical training course so that completion will be
accomplished immediately prior to the delivery of the Helicopter to
Buyer. If the Buyer elects to have five (5) pilots attend the S-76
transitional pilot training course, all pilots must, unless Sikorsky
agrees otherwise, attend the course concurrently. Unless Sikorsky
notifies Buyer to the contrary, all training will be conducted at or
near Sikorsky Aircraft Corporation’s Designated Completion Center. In
any event the training services in Paragraphs (1) or (3) above must be
scheduled and completed within twelve (12) months of the Helicopter
delivery to which such services are allocable, in default of which
Buyer shall no longer be entitled to such services. The training
services provided in accordance with Paragraphs (1) or (3) above will
be conducted in the English language. With regards to the Transitional
Pilot Training and Electrical Maintenance Training, the customer may
enroll pilots or electrical mechanics at an accelerated rate to that
of aircraft delivery but may not exceed the number of students granted
by the base number of aircraft purchased under this contract.
	 
	6.	 	Hold Harmless and Indemnification — In consideration of Sikorsky
making training services available to the Buyer hereunder, the Buyer,
as the Helicopter owner whose employees or designees will be the
recipient of such training services, shall secure and protect itself
and shall indemnify Sikorsky, FlightSafety International, Inc., their
affiliates and their respective directors, officers, employees,
service representatives, and agents, from any liability, claim of
liability, expense, cause of action, loss or damage whatsoever,
whether arising in tort or otherwise, for any injury, including death,
to any person or property whatsoever (including the Buyer’s
Helicopter(s)), arising out of or in conjunction with the performance
of such training services.

	7.	 	Insurance Requirements — Toward effectuating the security, protection
and indemnification of Paragraph 5 above, and in addition to Buyer’s
obligations under such Paragraph 5, Buyer agrees to carry as a minimum
on each Utility Helicopter purchased under this Agreement the
following insurance from the scheduled time of delivery of the Utility
Helicopter through the completion of all of the flight training
services provided hereunder:

	 	(i)	 	Aircraft Public Liability, Bodily Injury and Property Damage and
Passenger Legal Liability Insurance, including Contractual Liability
Insurance to cover the liabilities herein assumed by Buyer, with a
limit of not less than $50,000,000.00 for a single occurrence.
	 
	 	(ii)	 	Aircraft Hull All Risk Loss or Damage Insurance covering the
Helicopter in the amount of the Helicopter Unit Price.
	 
	 	 	 	All of the insurance policies shall be issued by companies satisfactory to
Sikorsky, shall be in form and substance satisfactory to Sikorsky, shall name
Sikorsky, FlightSafety International, Inc. and their respective affiliates as
additional insureds, shall contain a provision prohibiting cancellation except
upon at least ten (10) days prior written notice to Sikorsky and FlightSafety
International, Inc., shall contain a complete waiver of subrogation by the
insurer against Sikorsky, FlightSafety International, Inc., and their
respective affiliates, and shall be primary and non-contributory with respect
to any insurance carried by Sikorsky and/or FlightSafety International, Inc.
Buyer shall furnish to Sikorsky either certified copies of such policies or
certificates evidencing such insurance and waiver. Such copies or certificates
shall be presented to Sikorsky thirty (30) days prior to the scheduled
commencement of the flight training.

	8.	 	Further Understandings — Sikorsky assumes no liability for any
expense of the Buyer, including those of Buyer’s personnel, directly
or indirectly connected with the furnishing of training services
provided for herein nor for any expenses for the operation or
maintenance of the Buyer’s Helicopter(s). The parties expressly
understand and agree that the responsibility of Sikorsky in the
furnishing of the training services described above is limited to the
furnishing of such and shall not extend to the results thereof. The
parties further understand and agree that, in the event Buyer elects
not to take all or any portion of the training services provided for
herein, no refund or other financial adjustment of the Total Contract
Price will be made.
	 
	IX.	 	PROVISIONS APPLICABLE TO FOREIGN SALES
	 
	 	 	All deliveries under this Agreement are initially intended for registration in
the U.S. under the requirements of the FAA. It is understood by the Parties
that Sikorksy’s assistance may be required for the subsequent export by Buyer
to as-yet-unidentified foreign destinations. If approval by foreign
airworthiness authorities is required, Sikorsky will make a reasonable effort
to obtain this approval (generally referred to as a validation of the FAA Type
Certificate) of

 

 

Page 9 of 14
 

	 	 	the helicopter configuration described herein. As such
destinations are presently unknown, such assistance may require amendment to
this Agreement.

	1.	 	Export/Import License — Sikorsky will on Buyer’s request apply for
and use its best efforts to obtain any United States Government export
license or similar authorization which may be required for the
exportation of the Helicopter. Nothing herein contained shall be
construed as imposing an obligation on Sikorsky to furnish or obtain
any such export license or similar authorization or to be in any way
responsible for its issuance or its continuance in force if issued.
Sikorsky and Buyer specifically acknowledge that this Agreement is
conditioned upon the ability of Sikorsky and Buyer to conform to the
laws and regulations of the U.S. Government and its various cognizant
departments regarding the sale of the Helicopter to Buyer.
	 
	2.	 	Import License — With respect to any import laws and other
regulations of the country of destination and its various cognizant
departments regarding the import of the Helicopter hereunder, the
Buyer shall be solely responsible for obtaining and complying with any
and all import licenses or other authorizations which may be required
for importing the Helicopter hereunder.
	 
	3.	 	Operations Within United States — If, after transfer of title, the
Helicopter is to be flown within the jurisdiction of the United States
for any reason, including flight training, Buyer, shall, prior to such
operation, obtain and carry currently effective certificates of
registration and airworthiness issued or rendered valid by the country
of registry and shall display the nationality and registration
markings of that country, as required by Title 14 Part 375 of the U.S.
Code of Federal Regulations. The Buyer will comply with all other
United States federal, state and local laws and regulations that may
be applicable to the operation of the Helicopter in the United States.

	4.	 	Special Airworthiness and/or Operational Requirements — The Buyer is
responsible for ensuring that the Helicopter configuration meets all
the operational requirements of the country of
destination/registration/operation for the Buyer’s intended usage. In
the event Buyer wishes to have changes made in the Helicopter sold
hereunder to meet specific airworthiness and/or operational
requirements of the country of destination/registration/operation,
Buyer shall supply to Sikorsky, in the English language, copies of the
applicable standards and a complete description of the changes
desired. Sikorsky will review all requested changes and promptly
submit a quotation to Buyer of the effect on prices and delivery of
incorporating such changes. If acceptable to Buyer, this Agreement
shall be amended to incorporate such changes. Although Sikorsky may
provide Buyer with assistance in evaluating the specific airworthiness
and/or operational requirements of the country of destination and
suggest changes to meet such requirements, Sikorsky assumes no
responsibility for the acceptability of such changes (special
equipment and/or special certification conditions) to government
authorities.

	X.	 	ADDITIONAL PRODUCT SUPPORT REQUIREMENTS

*

	XI.	 	AIRCRAFT AND SPARE PART TRADE INS

	1.	 	*

	2.	 	Sikorsky shall accept in trade any S-76A model components
currently in the Buyer’s inventory during any of the calendar
years of this contract in which the buyer takes title to three (3)
or more aircraft provided that those parts are not considered
obsolete for the S-76 aircraft model they were originally
purchased to support. The price/trade-in allowance for these
parts will be established by Helicopter Support Inc.
	 
	XII.	 	OPTIONAL AIRCRAFT CONFIGURATION ITEMS
	 
	1.	 	The Buyer may elect to add components to the aircraft configuration.
Exhibit A contains a listing of requested additional aircraft
components and the base year 2002 per aircraft price for incorporation
of each item. The price of each item shall be escalated for out year
delivery in accordance with the escalation rates established in Table
1 of this document. The Buyer shall inform Sikorsky of the inclusion
of any of these options at the same time as the delivery finalization
date September 15. Should any component not contained in Exhibit A be
requested its price and possible impact to the delivery date shall be
mutually agreed upon by the parties.

 

 

Page 10 of 14

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

	 	 	 	 	 
	Offshore Logistics, Inc.:

	 	Sikorsky Aircraft Corporation:
	 	ATTACHMENTS:
	By: /s/ Drury Milke

	 	By: /s/ Dean C. Borgman
	 	Exhibit A Helicopter Configuration
	Name: Drury Milke

	 	Name: Dean C. Borgman
	 	Exhibit B Optional Aircraft Components
	Title: Exec. VP

	 	Title: President
	 	Exhibit C Used Helicopter Purchase Agreement
	Date: December 19, 2002

	 	Acceptance Date: December 19, 2002	 	 

S-76 NEW HELICOPTER SALES AGREEMENT

EXHIBIT A — Part 1

HELICOPTER CONFIGURATION

The following items of standard and optional equipment as described below, which have been
selected by the Buyer, shall be installed on the Helicopter to be delivered under the Agreement.

BASELINE AIRCRAFT

0102 Standard S-76C+ Aircraft featuring: two Turbomeca Arriel 2S1 Engines, Integrated
Instrument Display System (IIDS), Four Blade Articulated Main Rotor System, Dual Controls, 28 Volt
Electrical System with two 200 Amp Starter/Generators, Retractable Landing Gear, 281 Gallons Usable
Fuel, Dual Windshield Wipers, Extensive Exterior Lighting, Bleed Air Heating and Defogging, Pilot
and Copilot Seats with 5 Point Restraint/Harness, Large Cabin Area, 38 Cubic Foot Baggage
Compartment. Includes provisions for Emergency Floatation System and Overhead Lateral Absorber.

* Collins Pro Line II Avionics Package featuring: Dual Collins VHF 22A Comms and VIR 32 Navs,
single ADF 462 ADF, TDR 90 Transponder, DME 42 DME with IND 42A Indicator, 4-Tube Honeywell EDZ 756
EFIS with 5” x 6” Indicators Displaying Airspeed, Altitude and Vertical Speed, Dual Litef AHRS,
Dual Penny and Giles Air Data Computers, Dual Honeywell Digital SPZ 7600 Automatic Flight Control
System, 3” Backup Airspeed Indicator and Altimeter, Altitude Alerter, ALT 55B Radio Altimeter with
Expanded Scale ALI 55A Indicator, Dual 375 VA Static Inverters, 3” Standby Attitude Indicator, ELT
100HM, CVR 30A Provisions, Dual dB Systems Audio’s with ICS and VOX plus one maintenance jack in
cabin and two jacks in baggage compartment, dual ICS foot switches with 45(Degree) pedestal mount,
three David Clark Headsets, Avionics and EFIS Master Switches.

* Cabin PA/Chime System

* Cabin Speaker Wiring

* Passenger Briefing System — PBS 250

* Wx Avoidance Radar — Primus 440 (removed under Completion Services)

* Electric Door Locks — Cabin

* 10 KVA AC Generator

* Nose Vibration Absorber

* Windshield Washer System

* Heated Glass Windshields

* Engine Inlet Snow Protection Kit

 

 

Page 11 of 14

S-76 NEW HELICOPTER SALES AGREEMENT

EXHIBIT A- Part 2

COMPLETED UTILITY HELICOPTER

ADDITIONAL AVIONICS ITEMS

3061 Cabin ICS

3125 Speakers — Headliner, Six

3761 FDR/CVR — SSCVFDR 2000, exchange for CVR 30A Provisions

PAINTS & FINISHES

5001 Utility Interior Paint Prep & Finish

5011 Utility Exterior Paint Preparation & Finish

5115 Custom Aircraft Call Number

INTERIORS

6000 Utility Interior Group, featuring: Hard Panel Utility Interior — Composite Panels with
Epoxy Paint Finish (choice of Gray or Tan) for Aft Cabin Sidewalls and Cabin Entrance Doors,
Acoustic Blanket Treatment, Lightweight Fabric Upholstery with choice of three colors, Nite-Flite
Curtains, Bronze Inner Window Tint for Cabin Sidewall and Cabin Door Windows, Illuminated No
Smoking/Fasten Seat Belt Signs, Set of three Cabin Dome Lights with Cockpit Control.

6007 Forward Facing Bench — 2-Place (4 Pt Restraint) (4 Each)

6032 Forward Facing Divan — 4-Place (4 Pt Restraint)

7701 Push-out Cabin Windows — Forward Opera

7703 Push-out Cabin Windows — Hinged Door, LH

7704 Push-out Cabin Windows — Hinged Door, RH

7709 Push-out Cabin Windows — Aft Opera

AIRCRAFT ITEMS

8331 Fuel — Single Point Refueling, LH

8351 Hydraulic Quick Disconnect Relocation

8355 Remove LH Accessory & AC Gen Drives — CSN 76-205

8531 Anti-Collision Light, Red — Top Exchange for Grimes

8532 Anti-Collision Light White — Bottom

8601 Approach Plate Holder, Lighted — Pilot

8602 Approach Plate Holder, Lighted — Copilot

8851 Floats Completion

8902 Cargo Hook Provisions

CUSTOMER UNIQUE ITEMS

9001 Exchange Marathon NiCad for Concord Lead Acid Battery

9002 HUMS Provisions

S-76 NEW HELICOPTER SALES AGREEMENT

EXHIBIT B

ADDITIONAL OPTIONAL ARICRAFT COMPONENTS As DEFINED IN SECTION XII Of THIS CONTRACT

*

 

 

Page 12 of 14

S-76 TRADE-IN AGREEMENT

EXHIBIT C

THIS TRADE-IN AGREEMENT, dated as of the
Acceptance Date stated below, by and between the
Sikorsky Contracting Entity (“Sikorsky”) named below and the Seller named below.

	I.	 	DEFINITION / INFORMATION FOR THIS AGREEMENT

Seller:

Sikorsky Contracting Entity:

Sikorsky Contract No:

Trade-In Helicopter: Model ___Serial Number

Trade-In Helicopter Price: U.S.$

Trade-In Helicopter Delivery Location:

Trade-In Helicopter Flight Hours:

(at time of delivery)

Corresponding S-76 New Helicopter Sales

Agreement Contract No.:

Seller’s Address for Legal Notices:

	II.	 	DESCRIPTION OF PURCHASE

	 	1.	 	Description of Purchase — The Seller shall sell and deliver to
Sikorsky the Trade-In Helicopter pursuant to the terms of this
Agreement.
	 
	 	2.	 	Delivery — The Trade-In Helicopter shall be delivered by Seller to
Sikorsky or Sikorsky’s designee set up ready for flight at the
Trade-In Helicopter Delivery Location on or before the date of
delivery of the new S-76 helicopter by Sikorsky to Seller pursuant to
the Corresponding S-76 New Helicopter Sales Agreement. Upon Sikorsky’s
request for a demonstration flight of the Trade-In Helicopter, the
Seller shall conduct a demonstration flight prior to delivery of the
Trade-In Helicopter, which flight shall be approximately one (1) hour
in duration.
	 
	 	3.	 	Price/Payment — Sikorsky agrees to pay Seller the Trade-In Helicopter
Price for the Trade-In Helicopter at the time of delivery to Sikorsky,
to be paid as a credit against the amount due from Seller to Sikorsky
under the Corresponding New S-76 Sales Agreement.

	III.	 	WARRANTIES

	1.	 	Representations Of Seller — Seller will deliver, and Sikorsky will
accept, the Trade-In Helicopter “as is, where is”, but Seller makes
the following representations:

     A. At the time of delivery of the Trade-In Helicopter, Seller shall
deliver to Sikorsky, or Sikorsky’s representative, all loose equipment (fly
away gear), flight manual, maintenance manual, engine log book, airframe log
book and other maintenance records, and other documents associated with the
Trade-In Helicopter, together with a Bill of Sale in recordable form from
Seller to Sikorsky and a Certificate of Airworthiness for such Trade-In
Helicopter.

     B. The Trade-In Helicopter to be delivered hereunder shall be delivered
by Seller to Sikorsky in “flight ready” condition. Seller shall provide, at no
additional charge, any and all necessary support personnel for the flight test
prior to delivery of the Trade-In Helicopter as required by Sikorsky.

     C. All Airworthiness Directives and Manufacturers’ mandatory Service
Bulletins applicable to the Trade-In Helicopter or the equipment thereon as of
the time of delivery hereunder shall have been complied with; there shall have
been an Annual Inspection performed on the Trade-In Helicopter during the
period forty-five (45) days prior to the time of delivery hereunder; the
Trade-In Helicopter shall have reasonably clean interiors and glass, and shall
have no evidence of salt-water corrosion.

     D. The total time on the Trade-In Helicopter shall not have exceeded the
Trade-In Helicopter Flight

 

 

Page 13 of 14

	 	 	Hours on the date of delivery to Sikorsky. In the
event the delivery of the Trade-In Helicopter is delayed as a result of a delay
in the delivery of the new S-76 helicopter by Sikorsky to Seller pursuant to
the terms and conditions of the Corresponding New S-76 Sales Agreement, such
total flight time shall be increased by twenty-five (25) flight hours for each
month of delivery delay.

     E. Seller represents and warrants to Sikorsky that Seller has full legal
and equitable title to the Trade-In Helicopter at the time of delivery to
Sikorsky and that Seller shall convey such title to Sikorsky free and clear of
any and all liens and encumbrances.

     F. Any major components which may have been changed for any cause after
the Acceptance Date of this Agreement must be replaced with serviceable
components having equivalent value and durability or better than the replaced
component at the time of delivery of the Trade-In Helicopter hereunder. In the
event that such components are replaced with components having greater value,
Sikorsky shall not be obligated to compensate Seller for any enhancement in
value of the Trade-In Helicopter.

	 	2.	 	Assignment of Warranties/Product Support Plans — Seller hereby
assigns to Sikorsky any and all remaining applicable manufacturer’s
warranties and/or product support plans that are transferable
(including Sikorsky’s Powertrain Assurance Program credits, if
applicable), with unrestricted right in Sikorsky to reassign such
warranties or product support plans to a third party purchaser of the
Trade-In Helicopter.

	IV.	 	TERMS AND CONDITIONS

	 	1.	 	Assignment — Sikorsky may assign any or all of its rights, interests
or obligations hereunder.
	 
	 	2.	 	Construction/Merger — This Agreement shall be interpreted in
accordance with the plain English meaning of its terms, and the
construction thereof shall be governed by the laws of the State of
Connecticut, United States of America. The terms and conditions
contained in this Agreement constitute the entire agreement between
the parties hereto and shall supersede all previous communications,
representations or agreements, either oral or written, between the
parties hereto with respect to the subject matter hereof, and no
agreement or understanding varying or extending the same will be
binding upon either party hereto unless in writing, signed by a duly
authorized officer or representative thereof.
	 
	 	3.	 	Notices — All notices or communications of any kind under and with
respect to this Agreement shall be in the English language. All legal
notices shall be given by hand delivery or registered mail and, if to
the Seller, shall be addressed as indicated in Article 1; and if to
Sikorsky, shall be addressed to Sikorsky Aircraft Corporation, 6900
Main Street, P. O. Box 9729, Stratford, Connecticut 06497-9129,
U.S.A., Attention: Vice President — Contracts and Counsel. The
effective date of each such notice shall be the date it is received.
	 
	 	4.	 	Brokerage Claims — Each party represents that the parties hereto were
not introduced by any third person and that all negotiations relating
to this Agreement and the sale and purchase provided for herein have
been carried on by it directly with the other party without the
intervention of any third person. Each party shall indemnify and hold
harmless the other party against and in respect of all claims for
brokerage commissions, finders’ fees and similar compensation arising
out of this Agreement or the sale and purchase provided for herein,
which claims are based in any way upon breach of the indemnifying
party’s foregoing representations.
	 
	 	5.	 	Termination — In the event that Seller does not take delivery of the
new S-76 helicopter pursuant to and in accordance with the
Corresponding S-76 New Helicopter Sales Agreement, then this Agreement
shall be null and void and any consideration paid to either party
shall be forthwith returned.

	V.	 	DAMAGE PRIOR TO DELIVERY

	 	1.	 	Total Damage — In the event that the Trade-In Helicopter is damaged
prior to delivery by Seller to Sikorsky and is not repairable in the
reasonable opinion of Seller, Seller shall not be obligated to replace
the Trade-In Helicopter with a similar aircraft of like
characteristics and value, and as to the Trade-In Helicopter, this
Agreement shall be canceled and in such event, Sikorsky shall have no
obligation to make the payment to Seller referred to in Article II.3
above for the Trade-In Helicopter.
	 
	 	2.	 	Partial Damage — If the Trade-In Helicopter is only partially
damaged, Seller shall use reasonable efforts to arrange for the
Trade-In Helicopter to be fully repaired on or prior to scheduled
delivery date of the Trade-In

 

 

Page 14 of 14

	 	 	Helicopter hereunder at Seller’s sole
cost and expense so as to place it in the same condition as it was in
before such damage. In the event the value of the repaired Trade-In
Helicopter is adversely affected by the damage, the Seller and
Sikorsky shall on or prior to scheduled delivery date of the Trade-In
Helicopter hereunder, negotiate an equitable change to the Trade-In
Helicopter Price, failing which, Sikorsky may cancel this Agreement,
and in such event Sikorsky shall have no obligation to make the
payment to Seller referred to in Article II.3 above for the Trade-In
Helicopter. In the event Seller is unable to deliver the Trade-In
Helicopter at the time the new S-76 helicopter is ready for delivery
under the corresponding S-76 New Helicopter Sales Agreement, Sikorsky
shall have the right to cancel this Agreement and thereafter neither
party shall have any further obligation to the other.
	 
	3.	 	After Delivery — Seller shall assume all risk of loss or damage of
the Trade-In Helicopter and insure the Trade-In Helicopter at its own
expense until delivery of the Trade-In Helicopter to Sikorsky. Upon
delivery of the Trade-In Helicopter from Seller to Sikorsky and
passage of title thereto, Sikorsky shall assume all risk of loss of or
damage to the Trade-In Helicopter.

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

	 	 	 	 	 	 	 
	Seller:	 	Sikorsky Contracting Entity:
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	Name:

	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 
	Title:

	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 
	Date:

	 	 	 	Acceptance Date:	 	 
	 

	 	 
	 	 	 	 

ATTACHMENTS:

Exhibit A: Aircraft Description

     * Redacted pursuant to request for confidential treatment submitted to SEC on
October ___, 2005.exv10w2

 

EXHIBIT
10.2

AMENDMENT TO S-76 NEW HELICOPTER SALES AGREEMENT

THIS AMENDMENT, dated as of the Acceptance Date stated below, by and between the Sikorsky
Contracting Entity (“Sikorsky”) named below and the Buyer named below, hereby amends the S-76 New
Helicopter Sales Agreement between the parties as follows:

     1. Definitions/Information for this Amendment

	 	 	 
	Buyer:

	 	Offshore Logistics, Inc.
	Sikorsky Contracting Entity:

	 	Sikorsky Aircraft Corporation
	Sikorsky Contract No.:

	 	S76TD02065
	Amendment No.:

	 	1

     2. Amendment — Amend the S-76 Sales Agreements as follows:

     Revise Exhibit A. FOR THE 2002 DELIVERED AIRCRAFT ONLY, as follows:

     1. Add 6086 Collective guards.

     2. Add 8660 Rotor Pedals Lube Kit

     3. Add 9009 Vertical Pylon Access Panels, CSN-76-207

     4. Add 9011 Three (3) Corrosion Inspection Holes

     5. Add 8876 Cyclic Stick Position Guard

     6. Add 8301 Annuciator “Fuel Transfer Feed On”.

     7. Delete 9014 Meggitt Avionics CVR: SC500-120

     8. Add 9021 L3 CVR (replaces Meggitt SCR500-120)

     9. Add 9016: Life Vest Pouches (remove from fuel deck).

     10. Add 9017: Boarding Card Stowage on ERDA Seats.

     11. Add 9018: Covers and Drains on Flight Manual Holders.

     12. Add 9019: Delete Floor Cover and Add Non-Skid.

     13. Add 9020 Mobile 291 Engine Oil

     14. Change 9002 to read HUMS provisions (wire harness shelving)

     15. Add 3451 Standby Attitude Indicator ADI-335D to aircraft 527

     16. Add 3452 NAVLNAV2 switch for AD-335D to aircraft 527

*

     Payment and Price changes in Items 17 and 18 above reflect a credit to Buyer in
the amount of $46,000 as a result of the specified configuration changes.

     19. Delete Exhibit D and substitute the attached Aircraft Envelope and Weight Breakdown
charts.

	3.	 	Reaffirmation — Except as modified above, all of the provisions of
the Agreement remain the same, and the Agreement as modified hereby,
is reaffirmed.

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

	 	 	 
	Offshore Logistics, Inc.:

	 	Sikorsky Aircraft Corporation:
	By: /s/ Drury A. Milke

	 	By: /s/ Tommy H. Thomason
	Name: Drury A. Milke

	 	Name: Tommy H. Thomason
	Title: Executive Vice President

	 	Title: Vice President — Civil Programs
	Date: February 12, 2003

	 	Date: February 14, 2003

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