Document:

Exhibit 10.1

NONE OF THE SECURITIES TO WHICH THIS PRIVATE  PLACEMENT  SUBSCRIPTION  AGREEMENT
(THE  "SUBSCRIPTION  AGREEMENT")  RELATES HAVE BEEN REGISTERED  UNDER THE UNITED
STATES  SECURITIES  ACT OF 1933, AS AMENDED (THE "1933 ACT"),  OR ANY U.S. STATE
SECURITIES  LAWS, AND, UNLESS SO REGISTERED,  NONE MAY BE OFFERED OR SOLD IN THE
UNITED  STATES OR TO U.S.  PERSONS (AS  DEFINED  HEREIN)  EXCEPT  PURSUANT TO AN
EXEMPTION  FROM,  OR  IN  A  TRANSACTION   NOT  SUBJECT  TO,  THE   REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS.

                       FALCONRIDGE OIL TECHNOLOGIES CORP.

                    PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT

                              ACCREDITED INVESTORS

                            INSTRUCTIONS TO PURCHASER

1.   THIS SUBSCRIPTION FORM is for use by United States Accredited Investors and
     non-US investors.

2.   COMPLETE the information on page 2 of this Subscription Agreement.

3.   COMPLETE the Questionnaire on page 16 to this Subscription Agreement for
     non-US investors.

4.   If a US resident, COMPLETE the Questionnaire attached on page 11.

5.   All other information must be filled in where appropriate.

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                    PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT

TO:  FALCONRIDGE OIL TECHNOLOGIES CORP. (the "ISSUER")

Subject  and  pursuant  to the  terms  set  out in the  Terms  on page 3 of this
Subscription  Agreement,  the  General  Provisions  on  pages  5 to 10  of  this
Subscription Agreement and the other schedules and appendices attached which are
hereby  incorporated by reference,  the Purchaser hereby irrevocably  subscribes
for, and on Closing will purchase from the Issuer,  the following  securities at
the following price:
                       _____________________ Common Shares

        USD$1.50 per Shares for a total purchase price of USD$___________

The Purchaser  owns,  directly or  indirectly,  the following  securities of the
Issuer:

--------------------------------------------------------------------------------
[CHECK  IF  APPLICABLE]  The  Purchaser  is an  affiliate  of  the  Issuer  or a
professional advisor of the Issuer.

The Purchaser directs the Issuer to issue, register and deliver the certificates
representing the Shares as follows:

 REGISTRATION INSTRUCTIONS                           DELIVERY INSTRUCTIONS

-----------------------------------    -----------------------------------------
Name to appear on certificate          Name and account reference, if applicable

-----------------------------------    -----------------------------------------
Account reference if applicable        Contact name

-----------------------------------    -----------------------------------------
Address                                Address

-----------------------------------    -----------------------------------------
                                       Telephone Number

EXECUTED BY THE  PURCHASER  THIS DAY OF , 2014. BY EXECUTING  THIS  SUBSCRIPTION
AGREEMENT,  THE  PURCHASER  CERTIFIES  THAT  THE  PURCHASER  AND ANY  BENEFICIAL
PURCHASER FOR WHOM THE PURCHASER IS ACTING IS RESIDENT IN THE JURISDICTION SHOWN
AS THE "ADDRESS OF PURCHASER".

WITNESS:                             EXECUTION BY PURCHASER:

                                     X
-----------------------------------  -------------------------------------------
Signature of Witness                 Signature of individual (if Purchaser IS
                                     an individual)

                                     X
-----------------------------------  -------------------------------------------
Name of Witness                      Authorized signatory (if Purchaser is
                                     NOT an individual)

-----------------------------------  -------------------------------------------
Address of Witness                   Name of Purchaser (PLEASE PRINT)

-----------------------------------  -------------------------------------------
                                     Name of authorized signatory (PLEASE PRINT)

Accepted this __ day of
_____________, 2014                  -------------------------------------------
FALCONRIDGE OIL TECHNOLOGIES CORP.   Address of Purchaser (residence)

                                     -------------------------------------------
Per:                                 *Telephone Number

-----------------------------------  -------------------------------------------
Authorized Signatory                 *E-mail address

                                     -------------------------------------------
                                     *Social Security/Insurance No./Gov ID No.:
*Required from all Purchasers
By signing this acceptance, the Issuer agrees to be bound by the Terms beginning
on page 3 of this Subscription  Agreement,  the General Provisions on pages 5 to
10 of  this  Subscription  Agreement  and the  other  schedules  and  appendices
incorporated by reference.  IF FUNDS ARE DELIVERED TO THE ISSUER'S LAWYERS, THEY
ARE AUTHORIZED TO RELEASE THE FUNDS TO THE ISSUER without further  authorization
from the Purchaser.

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                                      TERMS

Reference date of this
Subscription Agreement       ____________________, 2014 (the "AGREEMENT DATE")

                                  THE OFFERING

The Issuer                   Falconridge Oil Technologies Corp. (the "ISSUER")

Offering                     The offering consists of common shares of the
                             Issuer (the "SHARES" or the "SECURITIES") at $1.50
                             per Share.

Purchased Securities         The "PURCHASED SECURITIES" under this Subscription
                             Agreement are Shares.

Offering Restrictions        This offering is not subject to any minimum
                             offering.

Issue Price                  USD$1.50 per Share.

Selling Jurisdictions        The Shares may only be sold in jurisdictions  where
                             they   may   be   lawfully   sold   (the   "SELLING
                             JURISDICTIONS") including,  without limitation, all
                             provinces of Canada,  but excluding the Province of
                             Quebec.

Securities Exemptions        The offering will be made in accordance with the
                             following prospectus registration exemptions:

                             (a) the Accredited Investor exemption as defined by
                             Regulation D promulgated under the 1933 Act; or

                             (b) the  exemption  afforded by Regulation S of the
                             1933 Act for offerings of securities in an offshore
                             transaction  to persons  who are not U.S.  persons;
                             and

                             (c) the Accredited  Investor  exemption  defined in
                             Canadian National Instrument 45-106; or

                             with  the  approval  of  the  Issuer,   such  other
                             exemptions  as may  be  available  pursuant  to the
                             securities laws of the Selling Jurisdictions.

Closing Date                 On such date determined by the Issuer in its sole
                             discretion.

Resale restrictions and
legends                      The Purchaser  acknowledges  that the  certificates
                             representing the Purchased Securities will bear the
                             following legends:

                             FOR US PURCHASERS:

                             "THE  SECURITIES  REPRESENTED  HEREBY HAVE NOT BEEN
                             REGISTERED  UNDER THE UNITED STATES  SECURITIES ACT
                             OF  1933,  AS  AMENDED  (THE  "1933  ACT").   THESE
                             SECURITIES  MAY  BE  OFFERED,   SOLD,   PLEDGED  OR
                             OTHERWISE TRANSFERRED ONLY PURSUANT TO AN EFFECTIVE
                             REGISTRATION  STATEMENT  UNDER THE 1933 ACT OR: (A)
                             TO THE ISSUER,  (B)  OUTSIDE  THE UNITED  STATES IN
                             COMPLIANCE  WITH RULE 904 OF REGULATION S UNDER THE
                             1933 ACT, (C) IN COMPLIANCE WITH THE EXEMPTION FROM
                             THE  REGISTRATION  REQUIREMENTS  UNDER THE 1933 ACT
                             PROVIDED BY RULE 144 THEREUNDER,  IF AVAILABLE, AND
                             IN  ACCORDANCE  WITH  APPLICABLE  STATE  SECURITIES
                             LAWS,  OR (D) WITH THE PRIOR CONSENT OF THE ISSUER,

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                             IN  A   TRANSACTION   T  HAT   DOES   NOT   REQUIRE
                             REGISTRATION  UNDER THE 1933 ACT OR ANY  APPLICABLE
                             STATE SECURITIES LAWS, AND THE HOLDER HAS FURNISHED
                             TO THE  ISSUER  AN  OPINION  TO  SUCH  EFFECT  FROM
                             COUNSEL   OF   RECOGNIZED    STANDING    REASONABLY
                             SATISFACTORY  TO THE  ISSUER  PRIOR TO SUCH  OFFER,
                             SALE, PLEDGE OR TRANSFER."

                             FOR NON-U.S. PURCHASERS:

                             THIS PRIVATE PLACEMENT  SUBSCRIPTION AGREEMENT (THE
                             "SUBSCRIPTION AGREEMENT") RELATES TO AN OFFERING OF
                             SECURITIES  IN AN OFFSHORE  TRANSACTION  TO PERSONS
                             WHO  ARE  NOT  U.S.  PERSONS  (AS  DEFINED  HEREIN)
                             PURSUANT TO  REGULATION  S UNDER THE UNITED  STATES
                             SECURITIES  ACT OF  1933,  AS  AMENDED  (THE  "1933
                             ACT").

                             NONE OF THE  SECURITIES TO WHICH THIS  SUBSCRIPTION
                             AGREEMENT  RELATES HAVE BEEN  REGISTERED  UNDER THE
                             1933 ACT, OR ANY U.S. STATE  SECURITIES  LAWS, AND,
                             UNLESS SO REGISTERED,  NONE MAY BE OFFERED OR SOLD,
                             DIRECTLY OR INDIRECTLY,  IN THE UNITED STATES OR TO
                             U.S.   PERSONS  (AS  DEFINED   HEREIN)   EXCEPT  IN
                             ACCORDANCE  WITH THE  PROVISIONS  OF  REGULATION  S
                             UNDER  THE  1933  ACT,  PURSUANT  TO  AN  EFFECTIVE
                             REGISTRATION  STATEMENT  UNDER  THE  1933  ACT,  OR
                             PURSUANT TO AN AVAILABLE  EXEMPTION  FROM,  OR IN A
                             TRANSACTION   NOT  SUBJECT  TO,  THE   REGISTRATION
                             REQUIREMENTS  OF THE 1933 ACT AND IN EACH CASE ONLY
                             IN  ACCORDANCE  WITH  APPLICABLE  STATE  SECURITIES
                             LAWS.

                             Purchasers  are  advised to consult  with their own
                             legal  counsel or advisors to determine  the resale
                             restrictions that may be applicable to them.

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                               GENERAL PROVISIONS

1. DEFINITIONS

1.1 In the Subscription  Agreement  (including the first (cover) page, the Terms
on  page  3  and  4,  these  General   Provisions   and  the  other   schedules,
questionnaires  and appendices  incorporated by reference),  the following words
have the following meanings unless otherwise indicated:

     (a)  "1933 ACT" means the United States Securities Act of 1933, as amended;

     (b)  "APPLICABLE LEGISLATION" means all applicable legislation incorporated
          in the  definition  of this  term in other  parts of the  Subscription
          Agreement,   together  with  the   regulations   and  rules  made  and
          promulgated  under  that  legislation  and all  administrative  policy
          statements,   blanket   orders   and   rulings,   notices   and  other
          administrative directions issued by the Commissions to the Issuer;

     (c)  "CLOSING"  means  the  completion  of the  sale  and  purchase  of the
          Purchased Securities;

     (d)  "CLOSING  DATE" means the date on determined by the Issuer in its sole
          discretion;

     (e)  "CLOSING  YEAR" means the  calendar  year in which the  Closing  takes
          place;

     (f)  "COMMISSIONS"  means the Commissions with Jurisdiction over the Issuer
          (as defined below) and the securities commissions  incorporated in the
          definition of this term in other parts of the Subscription Agreement;

     (g)  "FINAL CLOSING" means the last Closing under the Private Placement;

     (h)  "GENERAL   PROVISIONS"   means  those  portions  of  the  Subscription
          Agreement headed "GENERAL PROVISIONs" and contained on pages 5 to 10;

     (i)  "PRIVATE  PLACEMENT" means the offering of the Shares on the terms and
          conditions of this Subscription Agreement;

     (j)  "PURCHASED SECURITIES" has the meaning assigned in the Terms;

     (k)  "REGULATORY AUTHORITIES" means the Commissions;

     (l)  "SECURITIES" has the meaning assigned in the Terms;

     (m)  "SUBSCRIPTION  AGREEMENT"  means the first (cover) page,  the Terms on
          pages 3 to 4, the  General  Provisions  and the  other  schedules  and
          appendices incorporated by reference; and

     (n)  "TERMS"  means those  portions of the  Subscription  Agreement  headed
          "Terms" and contained on pages 3 to 4.

1.2 In the Subscription Agreement, the following terms have the meanings defined
in  Regulation  S under  the 1933  Act:  "DIRECTED  SELLING  EFFORTS",  "FOREIGN
ISSUER",  "OFFSHORE",  "SUBSTANTIAL  U.S. MARKET  INTEREST",  "U.S.  PERSON" and
"UNITED STATES".

1.3 In the Subscription  Agreement,  unless otherwise specified,  currencies are
indicated in U.S. dollars.

1.4 In the Subscription Agreement,  other words and phrases that are capitalized
have the meanings assigned to them in the body hereof.

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<PAGE>
2. ACKNOWLEDGEMENTS, REPRESENTATIONS AND WARRANTIES OF PURCHASER

2.1 ACKNOWLEDGEMENTS CONCERNING OFFERING

The Purchaser acknowledges that:

     (a)  the Securities have not been  registered  under the 1933 Act, or under
          any state  securities  or "blue  sky" laws of any state of the  United
          States,  and are being offered only in a transaction not involving any
          public  offering  within the meaning of the 1933 Act,  and,  unless so
          registered, may not be offered or sold in the United States or to U.S.
          Persons  (as  defined   herein),   except  pursuant  to  an  effective
          registration statement under the 1933 Act, or pursuant to an exemption
          from,   or  in  a  transaction   not  subject  to,  the   registration
          requirements of the 1933 Act, and in each case only in accordance with
          applicable state securities laws;

     (b)  the Issuer will refuse to register any transfer of the  Securities not
          made in accordance with the provisions of Regulation S, pursuant to an
          effective  registration statement under the 1933 Act or pursuant to an
          available  exemption  from,  or in a  transaction  not subject to, the
          registration requirements of the 1933 Act;

     (c)  the  Issuer  has not  undertaken,  and  will  have no  obligation,  to
          register any of the Securities under the 1933 Act;

     (d)  the decision to execute this  Subscription  Agreement and purchase the
          Shares  agreed to be purchased  hereunder  has not been based upon any
          oral or written  representation  as to fact or otherwise made by or on
          behalf of the Issuer and such decision is based entirely upon a review
          of information (the "ISSUER  INFORMATION")  which has been provided by
          the Issuer to the  Purchaser.  If the Issuer has  presented a business
          plan or any other  type of  corporate  profile to the  Purchaser,  the
          Purchaser  acknowledges  that the business plan, the corporate profile
          and any projections or predictions contained in any such documents may
          not be achieved or be achievable;

     (e)  the Purchaser  and the  Purchaser's  advisor(s)  have had a reasonable
          opportunity  to ask  questions of and receive  answers from the Issuer
          regarding the Offering, and to obtain additional  information,  to the
          extent possessed or obtainable without unreasonable effort or expense,
          necessary to verify the accuracy of the  information  contained in the
          Issuer  Information,  or any business plan,  corporate  profile or any
          other document provided to the Purchaser;

     (f)  the books and records of the Issuer  were  available  upon  reasonable
          notice   for   inspection,    subject   to   certain   confidentiality
          restrictions, by the Purchaser during reasonable business hours at its
          principal place of business and that all documents,  records and books
          pertaining to this Offering have been made available for inspection by
          the Purchaser, the Purchaser's attorney and/or advisor(s);

     (g)  by execution  hereof the  Purchaser has waived the need for the Issuer
          to communicate  its acceptance of the purchase of the Shares  pursuant
          to this Subscription Agreement;

     (h)  the Issuer is entitled to rely on the  representations  and warranties
          and the  statements  and answers of the  Purchaser  contained  in this
          Subscription  Agreement  and in the  Questionnaire,  and the Purchaser
          will hold harmless the Issuer from any loss or damage it may suffer as
          a  result  of the  Purchaser's  failure  to  correctly  complete  this
          Subscription Agreement or the Questionnaire;

     (i)  the Purchaser  will  indemnify and hold harmless the Issuer and, where
          applicable,  its respective directors,  officers,  employees,  agents,
          advisors  and  shareholders   from  and  against  any  and  all  loss,
          liability,  claim, damage and expense whatsoever  (including,  but not
          limited to, any and all fees, costs and expenses whatsoever reasonably
          incurred in  investigating,  preparing or defending against any claim,
          lawsuit,  administrative proceeding or investigation whether commenced

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<PAGE>
          or  threatened)  arising  out of or based upon any  representation  or
          warranty of the Purchaser  contained  herein,  the Questionnaire or in
          any  other  document  furnished  by the  Purchaser  to the  Issuer  in
          connection  herewith,  being  untrue in any  material  respect  or any
          breach or failure by the  Purchaser  to comply  with any  covenant  or
          agreement made by the Purchaser to the Issuer in connection therewith;

     (j)  the  issuance  and sale of the  Shares  to the  Purchaser  will not be
          completed  if it would be  unlawful  or if, in the  discretion  of the
          Issuer  acting  reasonably,  it is not in the  best  interests  of the
          Issuer;

     (k)  the Purchaser has been advised to consult its own legal, tax and other
          advisors  with respect to the merits and risks of an investment in the
          Shares and with respect to applicable  resale  restrictions  and it is
          solely  responsible  (and the  Issuer is in any way  responsible)  for
          compliance with applicable resale restrictions;

     (l)  the  Securities  are not  listed on any stock  exchange  or  automated
          dealer  quotation  system and no  representation  has been made to the
          Purchaser that any of the  Securities  will become listed on any stock
          exchange or automated dealer quotation system;

     (m)  neither  the  SEC nor  any  other  securities  commission  or  similar
          regulatory  authority  has  reviewed  or passed  on the  merits of the
          Securities ;

     (n)  no documents in  connection  with this  Offering have been reviewed by
          the SEC or any state securities administrators;

     (o)  there  is no  government  or  other  insurance  covering  any  of  the
          Securities ; and

     (p)  this Subscription Agreement is not enforceable by the Purchaser unless
          it has been accepted by the Issuer, and the Purchaser acknowledges and
          agrees that the Issuer  reserves the right to reject any  Subscription
          for any reason.

2.2 REPRESENTATIONS BY THE PURCHASER

The  Purchaser  represents  and warrants to the Issuer that, as at the Agreement
Date and at the Closing:

     (a)  the Purchaser is resident at the address indicated on page 2 hereof;

     (b)  the  Purchaser  has  received  and  carefully  read this  Subscription
          Agreement;

     (c)  the Purchaser has the legal  capacity and competence to enter into and
          execute this  Subscription  Agreement and to take all actions required
          pursuant  hereto and, if the  Purchaser is a  corporation,  it is duly
          incorporated and validly subsisting under the laws of its jurisdiction
          of  incorporation  and  all  necessary  approvals  by  its  directors,
          shareholders and others have been obtained to authorize  execution and
          performance of this Subscription Agreement on behalf of the Purchaser;

     (d)  the  Purchaser  (i) has adequate net worth and means of providing  for
          its current financial needs and possible personal contingencies,  (ii)
          has no need for  liquidity  in this  investment,  and (iii) is able to
          bear  the  economic  risks  of an  investment  in  the  Shares  for an
          indefinite  period of time,  and can afford the complete  loss of such
          investment;

     (e)  the Purchaser is aware that an investment in the Issuer is speculative
          and  involves  certain  risks,  including  the  possible  loss  of the
          investment;

     (f)  the entering into of this Subscription  Agreement and the transactions
          contemplated hereby do not result in the violation of any of the terms
          and  provisions  of any law  applicable  to,  or, if  applicable,  the

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          constating documents of, the Purchaser,  or of any agreement,  written
          or  oral,  to which  the  Purchaser  may be a party  or by  which  the
          Purchaser is or may be bound;

     (g)  the  Purchaser  has duly  executed  and  delivered  this  Subscription
          Agreement  and it  constitutes  a valid and binding  agreement  of the
          Purchaser enforceable against the Purchaser;

     (h)  the Purchaser has the requisite  knowledge and experience in financial
          and  business  matters as to be capable of  evaluating  the merits and
          risks  of the  investment  in the  Shares  and  the  Issuer,  and  the
          Purchaser is providing  evidence of such  knowledge and  experience in
          these matters through the information requested in the Questionnaire;

     (i)  the Purchaser  understands  and agrees that the Issuer and others will
          rely   upon  the   truth  and   accuracy   of  the   acknowledgements,
          representations   and  agreements   contained  in  this   Subscription
          Agreement,   and  agrees   that  if  any  of  such   acknowledgements,
          representations  and  agreements  are no longer  accurate or have been
          breached, the Purchaser shall promptly notify the Issuer;

     (j)  all  information  contained  in  the  Questionnaire  is  complete  and
          accurate and may be relied upon by the Issuer,  and the Purchaser will
          notify  the  Issuer  immediately  of any  material  change in any such
          information  occurring  prior to the  Closing of the  purchase  of the
          Securities ;

     (k)  the  Purchaser  is  purchasing  the  Shares  for its own  account  for
          investment  purposes  only and not for the account of any other person
          and not for distribution, assignment or resale to others, and no other
          person has a direct or indirect  beneficial  interest is such  Shares,
          and the Purchaser has not  subdivided  his interest in the Shares with
          any other person;

     (l)  the  Purchaser  is not an  underwriter  of, or dealer  in,  the common
          shares of the Issuer, nor is the Purchaser participating,  pursuant to
          a  contractual  agreement or  otherwise,  in the  distribution  of the
          Securities ;

     (m)  the Purchaser has made an independent examination and investigation of
          an  investment  in the Shares and the Issuer and has  depended  on the
          advice of its legal and financial  advisors and agrees that the Issuer
          will not be  responsible  in  anyway  whatsoever  for the  Purchaser's
          decision to invest in the Shares and the Issuer;

     (n)  if the  Purchaser is acquiring  the Shares as a fiduciary or agent for
          one or more  investor  accounts,  the investor  accounts for which the
          Purchaser  acts as a fiduciary or agent  satisfy the  definition of an
          "Accredited  Investor",  as the term is defined under  Regulation D of
          the 1933 Act;

     (o)  if the  Purchaser is acquiring  the Shares as a fiduciary or agent for
          one or more  investor  accounts,  the  Purchaser  has sole  investment
          discretion  with respect to each such  account,  and the Purchaser has
          full power to make the foregoing acknowledgements, representations and
          agreements on behalf of such account;

     (p)  the Purchaser is not aware of any  advertisement  of any of the Shares
          and is not  acquiring  the  Shares as a result of any form of  general
          solicitation   or  general   advertising   including   advertisements,
          articles,  notices or other communications published in any newspaper,
          magazine or similar media or broadcast  over radio or  television,  or
          any seminar or meeting  whose  attendees  have been invited by general
          solicitation or general advertising; and

     (q)  no  person   has  made  to  the   Purchaser   any   written   or  oral
          representations:

          (i)  that any person will resell or repurchase any of the Securities ;

          (ii) that any  person  will  refund the  purchase  price of any of the
               Securities;

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          (iii) as to the future price or value of any of the Securities; or

          (iv) that any of the Securities  will be listed and posted for trading
               on any stock  exchange or automated  dealer  quotation  system or
               that  application  has  been  made to list  and  post  any of the
               Securities  of the  Issuer on any  stock  exchange  or  automated
               dealer quotation system.

2.3 RELIANCE, INDEMNITY AND NOTIFICATION OF CHANGES

The representations and warranties in the Subscription  Agreement (including the
first (cover) page, the Terms,  the General  Provisions and the other  schedules
and  appendices  incorporated  by reference)  are made by the Purchaser with the
intent that they be relied upon by the Issuer in determining  its suitability as
a  purchaser  of  Purchased  Securities,  and the  Purchaser  hereby  agrees  to
indemnify the Issuer against all losses,  claims, costs, expenses and damages or
liabilities  which  any of them may  suffer  or incur  as a result  of  reliance
thereon. The Purchaser undertakes to notify the Issuer immediately of any change
in any representation,  warranty or other information  relating to the Purchaser
set forth in the Subscription  Agreement  (including the first (cover) page, the
Terms,   the  General   Provisions  and  the  other   schedules  and  appendices
incorporated by reference) which takes place prior to the Closing.

2.4 SURVIVAL OF REPRESENTATIONS AND WARRANTIES

The  representations  and warranties  contained in this Section will survive the
Closing.

3. ISSUER'S ACCEPTANCE

The Subscription Agreement, when executed by the Purchaser, and delivered to the
Issuer,  will constitute a subscription  for Shares which will not be binding on
the Issuer until accepted by the Issuer by executing the Subscription  Agreement
in the space provided on the face page(s) of the Agreement and,  notwithstanding
the Agreement Date, if the Issuer accepts the subscription by the Purchaser, the
Subscription Agreement will be entered into on the date of such execution by the
Issuer.

4. CLOSING

4.1 On or before  the end of the  business  day  before the  Closing  Date,  the
Purchaser  will  deliver  to the  Issuer  the  Subscription  Agreement  and  all
applicable schedules and required forms, duly executed,  and payment in full for
the total price of the Purchased Securities to be purchased by the Purchaser.

4.2 At  Closing,  the Issuer  will  deliver to the  Purchaser  the  certificates
representing the Purchased  Securities  purchased by the Purchaser registered in
the name of the Purchaser or its nominee, or as directed by the Purchaser.

5. MISCELLANEOUS

5.1 The  Purchaser  agrees to sell,  assign or transfer the  Securities  only in
accordance with the  requirements of applicable  securities laws and any legends
placed on the Securities as contemplated by the Subscription Agreement.

5.2 The Purchaser  hereby  authorizes the Issuer to correct any minor errors in,
or complete  any minor  information  missing  from any part of the  Subscription
Agreement and any other schedules,  forms, certificates or documents executed by
the  Purchaser  and  delivered  to the  Issuer in  connection  with the  Private
Placement.

5.3 The Issuer may rely on delivery  by fax machine of an executed  copy of this
subscription,  and  acceptance  by the Issuer of such faxed copy will be equally
effective to create a valid and binding  agreement between the Purchaser and the
Issuer in accordance with the terms of the Subscription Agreement.

5.4 Without limitation,  this subscription and the transactions  contemplated by
this  Subscription  Agreement are  conditional  upon and subject to the Issuer's
having  obtained  such  regulatory   approval  of  this   subscription  and  the
transactions contemplated by this Subscription Agreement as the Issuer considers
necessary.

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5.5 This  Subscription  Agreement is not  assignable or  transferable  by either
party  hereto  without  the express  written  consent of the other party to this
Subscription Agreement.

5.6 Time is of the essence of this Subscription Agreement.

5.7 Except as  expressly  provided  in this  Subscription  Agreement  and in the
agreements, instruments and other documents contemplated or provided for in this
Subscription   Agreement,   this  Subscription  Agreement  contains  the  entire
agreement  between the parties with respect to the  Securities  and there are no
other  terms,  conditions,  representations  or  warranties  whether  expressed,
implied, oral or written, by statute, by common law, by the Issuer, or by anyone
else.

5.8 The  parties to this  Subscription  Agreement  may amend  this  Subscription
Agreement only in writing.

5.9 This Subscription Agreement enures to the benefit of and is binding upon the
parties  to this  Subscription  Agreement  and their  successors  and  permitted
assigns.

5.10 A party to this  Subscription  Agreement  will give all notices to or other
written  communications  with the  other  party to this  Subscription  Agreement
concerning this  Subscription  Agreement by hand or by registered mail addressed
to the address given on page 2.

5.11 This  Subscription  Agreement  is to be read with all  changes in gender or
number as required by the context.

5.12 This Subscription Agreement will be governed by and construed in accordance
with the internal laws of Ontario (without  reference to its rules governing the
choice or  conflict  of laws),  and the parties  hereto  irrevocably  attorn and
submit to the  exclusive  jurisdiction  of the courts of Ontario with respect to
any dispute related to this Subscription Agreement.

                            End of General Provisions

                                       10
<PAGE>
                                  UNITED STATES
                        ACCREDITED INVESTOR QUESTIONNAIRE

All  capitalized  terms  herein,  unless  otherwise  defined,  have the meanings
ascribed thereto in the Subscription Agreement.

This Questionnaire is for use by each Purchaser who is a US person (as that term
is defined  Regulation S of the United States  Securities Act of 1933 (the "1933
Act")) and has  indicated an interest in  purchasing  Shares of the Issuer.  The
purpose of this  Questionnaire  is to assure the Issuer that each Purchaser will
meet the  standards  imposed by the 1933 Act and the  appropriate  exemptions of
applicable  state  securities  laws.  The  Issuer  will rely on the  information
contained  in this  Questionnaire  for the purposes of such  determination.  The
Securities  will not be  registered  under  the 1933  Act in  reliance  upon the
exemption  from  registration  afforded by Section 3(b) and/or  Section 4(2) and
Regulation  D of the  1933  Act.  This  Questionnaire  is not  an  offer  of the
Securities  or any other  securities of the Issuer in any state other than those
specifically authorized by the Issuer.

All information contained in this Questionnaire will be treated as confidential.
However,  by signing and returning this  Questionnaire,  each  Purchaser  agrees
that, if necessary,  this  Questionnaire may be presented to such parties as the
Issuer deems  appropriate to establish the  availability,  under the 1933 Act or
applicable  state  securities law, of exemption from  registration in connection
with the sale of the Securities hereunder.

The Purchaser covenants, represents and warrants to the Issuer that it satisfies
one or  more  of  the  categories  of  "Accredited  Investors",  as  defined  by
Regulation D promulgated under the 1933 Act, as indicated below: (Please initial
in the space provide those categories, if any, of an "Accredited Investor" which
the Purchaser satisfies.)

____ Category 1     An organization described in Section 501(c)(3) of the United
                    States Internal Revenue Code, a corporation, a Massachusetts
                    or similar business trust or partnership, not formed for the
                    specific  purpose of acquiring  the  Securities,  with total
                    assets in excess of US $5,000,000.

____ Category 2     A natural person whose  individual  net worth,  or joint net
                    worth with that  person's  spouse  (excluding  their primary
                    residence), on the date of purchase exceeds US $1,000,000.

____ Category 3     A natural  person who had an individual  income in excess of
                    US $200,000  in each of the two most  recent  years or joint
                    income with that person's spouse in excess of US $360,000 in
                    each of those  years  and has a  reasonable  expectation  of
                    reaching the same income level in the current year.

____ Category 4     A "bank" as defined under Section  (3)(a)(2) of the 1933 Act
                    or savings  and loan  association  or other  institution  as
                    defined in Section  3(a)(5)(A) of the 1933 Act acting in its
                    individual or fiduciary capacity; a broker dealer registered
                    pursuant  to Section 15 of the  SECURITIES  EXCHANGE  ACT OF
                    1934  (United  States);  an  insurance  Issuer as defined in
                    Section  2(13)  of  the  1933  Act;  an  investment   Issuer
                    registered  under the INVESTMENT  ISSUER ACT OF 1940 (United
                    States)  or a  business  development  Issuer as  defined  in
                    Section  2(a)(48) of such Act; a Small  Business  Investment
                    Issuer  licensed by the U.S. Small  Business  Administration
                    under Section 361(c) or (d) of the SMALL BUSINESS INVESTMENT
                    ACT OF 1958  (United  States);  a plan with total  assets in
                    excess of $5,000,000  established and maintained by a state,
                    a   political   subdivision   thereof,   or  an   agency  or
                    instrumentality  of  a  state  or  a  political  subdivision
                    thereof,  for the  benefit  of its  employees;  an  employee
                    benefit plan within the meaning of the  EMPLOYEE  RETIREMENT
                    INCOME SECURITY ACT OF 1974 (United States) whose investment
                    decisions  are  made  by a plan  fiduciary,  as  defined  in
                    Section 3(21) of such Act,  which is either a bank,  savings
                    and  loan   association,   insurance  Issuer  or  registered
                    investment  adviser,  or if the  employee  benefit  plan has
                    total assets in excess of $5,000,000, or, if a self-directed
                    plan, whose investment  decisions are made solely by persons
                    that are accredited investors.

                                       11
<PAGE>
____ Category 5     A private business  development Issuer as defined in Section
                    202(a)(22)  of the  INVESTMENT  ADVISERS ACT OF 1940 (United
                    States).

____ Category 6     A director or executive officer of the Issuer.

____ Category 7     A trust  with  total  assets in excess  of  $5,000,000,  not
                    formed for the specific purpose of acquiring the Securities,
                    whose  purchase  is directed  by a  sophisticated  person as
                    described in Rule 506(b)(2)(ii) under the 1933 Act.

____ Category 8     An entity  in which all of the  equity  owners  satisfy  the
                    requirements of one or more of the foregoing categories.

Note that prospective  Purchaser claiming to satisfy one of the above categories
of  Accredited  Investor  may be  required  to supply the Issuer  with a balance
sheet,   prior  years'   federal   income  tax  returns  or  other   appropriate
documentation to verify and substantiate the Purchaser's status as an Accredited
Investor.

If the Purchaser is an entity which  initialled  Category 8 in reliance upon the
Accredited Investor  categories above, state the name,  address,  total personal
income  from all  sources  for the  previous  calendar  year,  and the net worth
(exclusive of home, home  furnishings and personal  automobiles) for each equity
owner of the said entity:

PURCHASER'S ACKNOWLEDGEMENTS.  The Purchaser acknowledges and agrees (on its own
behalf and, if applicable,  on behalf of each beneficial  purchaser for whom the
Purchaser is contracting hereunder) with the Issuer, the U.S. Affiliates and the
Agents (which  acknowledgements  and agreements shall survive the Closing) that:

     (a)  no agency, governmental authority,  regulatory body, stock exchange or
          other entity has made any finding or determination as to the merit for
          investment of, nor have any such agencies or governmental authorities,
          regulatory  bodies,   stock  exchanges  or  other  entities  made  any
          recommendation or endorsement with respect to, the Securities;

     (b)  the sale and delivery of the Securities is conditional  upon such sale
          being exempt from the prospectus filing and registration requirements,
          and  being  exempt  from  the   requirement  to  deliver  an  offering
          memorandum in connection with the distribution of the Securities under
          the  applicable  securities  laws or upon the issuance of such orders,
          consents or  approvals  as may be required to permit such sale without
          the requirement of filing a prospectus or registration statement;

     (c)  none of the Securities have been or will be registered  under the 1933
          Act or the securities  laws of any state and the Securities may not be
          offered or sold,  directly or indirectly,  in the United States to, or
          for the account or benefit of, a U.S. Person or a person in the United
          States unless registered under the 1933 Act and the securities laws of
          all applicable  states or unless an exemption  from such  registration
          requirements is available, and the Issuer has no obligation or present
          intention of filing a registration statement under the U.S. Securities
          Act in respect of any of the Securities ;

     (d)  the Purchaser may not offer,  sell or transfer the  Securities  within
          the United  States or to, or for the  account  or  benefit  of, a U.S.
          Person,  unless the Securities  are registered  under the 1933 Act and
          the securities laws of all applicable states or an exemption from such
          registration requirements is available;

     (e)  the  acquisition  of the  Securities has not been made through or as a
          result of any "general  solicitation or general  advertising" (as such
          terms are used in Rule 502(c) of Regulation D) the distribution of the
          Securities has not been accompanied by any  advertisement,  including,
          without  limitation,  in printed  public media,  radio,  television or
          telecommunications,  including  electronic  display,  or as  part of a
          general solicitation;

                                       12
<PAGE>
     (f)  the Issuer is relying on an exemption from the requirements to provide
          the Purchaser with a prospectus or registration  statement and to sell
          securities  through a person or Issuer  registered to sell  securities
          under the securities laws or other applicable  securities  legislation
          and,  as a  consequence  of  acquiring  Securities  pursuant  to  this
          exemption,  certain  protections,  rights and remedies provided by the
          securities laws or other applicable  securities  legislation including
          statutory  rights of rescission  or damages,  will not be available to
          the Purchaser; and

     (g)  no  person   has  made  to  the   Purchaser   any   written   or  oral
          representations:

          (i)  that any person will resell or repurchase the Securities ;

          (ii) that any person will refund the purchase price of the Securities;
               or

          (iii) as to the future price or value of any of the Securities.

REPRESENTATIONS,  WARRANTIES AND COVENANTS.  The Purchaser hereby represents and
warrants to, and covenants with the Issuer which representations, warranties and
covenants  shall  survive  the  Closing,  that  as  at  the  execution  date  of
certificate and the Closing Date:

     (a)  it  acknowledges  that  the  Issuer  has  not  filed a  prospectus  or
          registration  statement with any of the  securities  regulators or any
          other  securities  commission or similar  authority in connection with
          the distribution of the Securities and that:

          (i)  the Purchaser is restricted from using most of the civil remedies
               available under the applicable securities laws;

          (ii) the Purchaser may not receive information that would otherwise be
               required to be provided  to him under the  applicable  securities
               laws;

          (iii)the Purchaser is relieved from certain  obligations that it would
               otherwise  be  required to give if it  provided a  prospectus  or
               registration statement under the applicable securities laws; and

          (iv) the  issuance  and sale of the  Securities  to the  Purchaser  is
               subject  to  the  sale  being  exempt  from  the  prospectus  and
               registration requirements of the applicable securities laws.

     (b)  the Purchaser further acknowledges that:

          (i)  no  securities  commission  or similar  regulatory  authority has
               reviewed or passed on the merits of the Securities;

          (ii) there  is  no   government  or  other   insurance   covering  the
               Securities; (iii) there are risks associated with the purchase of
               the Securities; and

          (iv) there  are   restrictions   on  the  Purchaser's  (or  beneficial
               purchaser's, if applicable) ability to re-sell the Securities and
               it is the  responsibility of the Purchaser to find out what those
               restrictions  are and to comply  with  them  before  selling  the
               Securities;

     (c)  if required by applicable  Securities  Laws, and any other  applicable
          law the Purchaser will execute, deliver, file and otherwise assist the
          Issuer in filing such reports,  undertakings  and other documents with
          respect to the issuance of the Securities as may be required.

                                       13
<PAGE>
     (d)  The  Purchaser   understands   that  the   Securities  are  restricted
          securities (as defined in Rule 144 under the 1933 Act) and agrees that
          if it decides to offer, sell or otherwise transfer the Securities,  it
          will not offer,  sell or  otherwise  transfer  any of such  securities
          directly or indirectly, unless:

          (i)  the transfer is to the Issuer;

          (ii) The  transfer  is  outside  the  United  States in a  transaction
               meeting the  requirements  of Rule 904 of  Regulation S under the
               1933 Act ("REGULATION S") and in compliance with applicable local
               laws and regulations of the jurisdiction(s) in which such sale is
               made;

          (iii)the  transfer  is  made  pursuant  to  the  exemption  from  t he
               registration requirements under the 1933 Act provided by Rule 144
               thereunder, if available, and in accordance with applicable state
               securities laws; or

          (iv) the  Securities are  transferred  in a transaction  that does not
               require  registration  under the 1933 Act or any applicable state
               securities  laws,  and the  Purchaser  has  prior  to  such  sale
               furnished  to the Issuer an  opinion  of  counsel  of  recognized
               standing  or  other   evidence  of  exemption,   in  either  case
               reasonably satisfactory to the Issuer; and

     (e)  the  Purchaser  understands  and  acknowledges  that upon the issuance
          thereof,  and until such time as the same is no longer  required under
          the applicable  requirements  of the 1933 Act or applicable U.S. state
          securities laws and  regulations,  the  certificates  representing the
          Securities,  and all  securities  issued in exchange  therefore  or in
          substitution   thereof,  will  bear  a  legend  in  substantially  the
          following form:

                "THE  SECURITIES  REPRESENTED  HEREBY  HAVE  NOT BEEN
                REGISTERED UNDER THE UNITED STATES  SECURITIES ACT OF
                1933, AS AMENDED (THE "1933 ACT").  THESE  SECURITIES
                MAY  BE   OFFERED,   SOLD,   PLEDGED   OR   OTHERWISE
                TRANSFERRED    ONLY    PURSUANT   TO   AN   EFFECTIVE
                REGISTRATION  STATEMENT UNDER THE 1933 ACT OR: (A) TO
                THE  ISSUER,   (B)  OUTSIDE  THE  UNITED   STATES  IN
                COMPLIANCE  WITH RULE 904 OF  REGULATION  S UNDER THE
                1933 ACT, (C) IN COMPLIANCE  WITH THE EXEMPTION  FROM
                THE  REGISTRATION  REQUIREMENTS  UNDER  THE  1933 ACT
                PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN
                ACCORDANCE WITH APPLICABLE  STATE SECURITIES LAWS, OR
                (D)  WITH  THE  PRIOR  CONSENT  OF THE  ISSUER,  IN A
                TRANSACTION T HAT DOES NOT REQUIRE REGISTRATION UNDER
                THE 1933 ACT OR ANY APPLICABLE STATE SECURITIES LAWS,
                AND THE HOLDER HAS FURNISHED TO THE ISSUER AN OPINION
                TO SUCH EFFECT FROM  COUNSEL OF  RECOGNIZED  STANDING
                REASONABLY  SATISFACTORY  TO THE ISSUER PRIOR TO SUCH
                OFFER, SALE, PLEDGE OR TRANSFER."

                      [THIS PART LEFT INTENTIONALLY BLANK]

                                       14
<PAGE>
The  Purchaser  hereby   certifies  that  the  information   contained  in  this
Questionnaire  is complete and accurate and the Purchaser will notify the Issuer
promptly of any change in any such information.  If this  Questionnaire is being
completed on behalf of a corporation,  partnership,  trust or estate, the person
executing on behalf of the  Purchaser  represents  that it has the  authority to
execute and deliver this Questionnaire on behalf of such entity.

IN WITNESS  WHEREOF,  the undersigned has executed this  Questionnaire as of the
_____ day of __________________, 2014.

If a Corporation, Partnership or             If an Individual:
Other Entity:

-----------------------------------          -----------------------------------
Print of Type Name of Entity                 Signature

-----------------------------------          -----------------------------------
Signature of Authorized Signatory            Print or Type Name

-----------------------------------          -----------------------------------
Type of Entity                               Social Security/Tax I.D. No.

                                       15
<PAGE>
                     DECLARATION OF REGULATION S ELIGIBILITY

Regulation  S  of  the  United  States   Securities  Act  of  1933,  as  amended
("SECURITIES  ACT") is  available  for the use of non-U.S.  Persons  only.  This
Declaration  must be answered  fully and  returned to  FALCONRIDGE  TECHNOLOGIES
CORP. (the "COMPANY") to ensure the Company is in compliance with the Securities
Act in  connection  with the proposed  acquisition  of securities of the Company
(the  "SECURITIES") by the Shareholder (as defined below).  All information will
be held in the strictest  confidence and used only to determine investor status.
No  information  will be disclosed  other than as required by law or regulation,
other demand by proper legal process or in  litigation  involving the Company or
its affiliates,  controlling persons, officers, directors,  partners, employees,
shareholders, attorneys or agents.

I, ____________________________  (the "SHAREHOLDER"),  HEREBY AFFIRM AND DECLARE
THAT:

1.   The  Shareholder  is not a "US  Person,"  as such term is  defined  in Rule
     902(k) of Regulation S which,  without  restricting  the generality of such
     definition, includes

     (a)  a natural person resident in the United States,

     (b)  a partnership or corporation  organized or incorporated under the laws
          of the United States,

     (c)  an estate of which any executor or administrator is a U.S. Person,

     (d)  a trust of which any trustee is a U.S. Person,

     (e)  a  non-discretionary  account or similar account (other than an estate
          or trust)  held by a dealer or other  fiduciary  for the  benefit of a
          U.S. Person,

     (f)  a  discretionary  account or similar  account (other than an estate or
          trust) held by a dealer or other fiduciary organized,  incorporated or
          (if an individual) resident in the United States, and

     (g)  a partnership or corporation if

          (i)  organized  or   incorporated   under  the  laws  of  any  foreign
               jurisdiction, and

          (ii) formed by a U.S. Person  principally for the purpose of investing
               in securities  not  registered  under the 1933 Act,  unless it is
               organized or incorporated,  and owned, by `Accredited  Investors'
               who are not natural persons, estates or trusts..

2.   The  Shareholder  is not  purchasing the Securities for the benefit of a US
     Person.

3.   The  Shareholder  is not purchasing the Securities in the name of a company
     incorporated  in the  United  States of  America  or for the  benefit  of a
     company incorporated in the United States of America.

4.   The Shareholder is not purchasing the Securities in its capacity as trustee
     for a U.S.-based trust.

5.   The  Shareholder  is not  purchasing  the  securities in its capacity as an
     executor or administrator of the estate of a U.S. resident.

6.   The Shareholder is not a U.S. resident  purchasing the Securities through a
     brokerage  account located outside of the United States of America,  nor is
     it using a non-U.S.  brokerage  account to purchase the  Securities for the
     benefit of individuals  or corporate  entities  resident  within the United
     States of America.

                                       16
<PAGE>
7.   The  Shareholder  is not purchasing the Securities as part of a transaction
     or series of transactions that,  although in technical  compliance with the
     provisions  of  Regulation  S, is part of a plan or  scheme  to  evade  the
     registration  provisions  of the  Securities  Act and  will not  engage  in
     hedging transactions  involving the Securities unless such transactions are
     in compliance with the Securities Act.

8.   The  Shareholder is purchasing the Securities as an investment and not with
     a view towards resale.

9.   It has been  called to the  Shareholder's  attention  that this  investment
     involves a high  degree of risk,  and no  assurances  are or have been made
     regarding the economic advantages,  if any, which may inure to its benefit.
     The economic  benefit from an investment in the  Securities  depends on the
     ability of the Company to successfully conduct its business activities. The
     accomplishment  of such goals in turn  depends on many  factors  beyond the
     control of the Company or its management.  Accordingly, the suitability for
     any  particular  investor in the Securities  will depend upon,  among other
     things, such investor's  investment  objectives and such investor's ability
     to  accept  speculative  risks,  including  the  risk  of a  total  loss of
     investment in the Securities. The Shareholder's advisor(s), if any, and the
     Shareholder  have carefully  reviewed and understand the risk of, and other
     considerations relating to, an investment in the securities.

10.  The Shareholder is able to bear the economic risks of this  investment,  is
     able to hold the  Securities  for an  indefinite  period  of time,  and has
     sufficient  net worth to  sustain a loss of the  entire  investment  in the
     Company in the event such loss should occur.

11.  The Company has answered all inquiries that the  Shareholder has made of it
     concerning  the Company or any other  matters  relating to the business and
     proposed operation of the Company and the offer and sale of the Securities.

12.  The Shareholder will offer, sell or otherwise  transfer the Securities only
     (A) pursuant to a registration  statement that has been declared  effective
     under the  Securities  Act,  (B)  pursuant  to offers  and sales that occur
     outside  the  United  States  within  the  meaning  of  Regulation  S  in a
     transaction meeting the requirements of Rule 904 (or other applicable Rule)
     under the Securities  Act, or (C) pursuant to another  available  exemption
     from the  registration  requirements of the Securities Act,  subject to the
     Company's  right prior to any offer,  sale or transfer  pursuant to clauses
     (B) or (C) to require the  delivery of an opinion of counsel,  certificates
     or other information reasonably satisfactory to the Company for the purpose
     of determining the availability of an exemption.

13.  To  the  Shareholder's  knowledge,  without  having  made  any  independent
     investigation,  neither the Company nor any person  acting for the Company,
     has conducted any  "directed  selling  efforts" in the United States as the
     term  "directed  selling  efforts" is defined in Rule 902 of  Regulation S,
     which,  in general,  means any activity  undertaken  for the purpose of, or
     that could  reasonably be expected to have the effect of,  conditioning the
     marketing in the United  States for any of the  securities  being  offered.
     Such activity includes, without limitation, the mailing of printed material
     to  investors  residing in the United  States,  the holding of  promotional
     seminars in the United  States,  and the placement of  advertisements  with
     radio or  television  stations  broadcasting  in the  United  States  or in
     publications with a general circulation in the United States, which discuss
     the offering of the securities.  To the  Shareholder's  knowledge,  without
     having made any independent investigation,  the securities were not offered
     to it  through,  and the  Shareholder  is not aware of, any form of general
     solicitation or general advertising,  including without limitation, (i) any
     advertisement,  article,  notice or other  communication  published  in any
     newspaper, magazine or similar media or broadcast over television or radio,
     and (ii) any seminar or meeting  whose  attendees  have been invited by any
     general solicitation or general advertising.

14.  The  Shareholder is permitted to purchase the Securities  under the laws of
     its home jurisdiction.

15.  The Shareholder has been independently advised as to the applicable holding
     period  imposed in respect of the  Securities by securities  legislation in
     the  jurisdiction  in which it resides and confirms that no  representation

                                       17
<PAGE>
     has been made respecting the applicable  holding periods for the Securities
     in such jurisdiction and is aware of the risks and other characteristics of
     the Securities  and of the fact that holders of such  Securities may not be
     able to  resell  such  Securities  except  in  accordance  with  applicable
     securities legislation and regulatory policy.

16.  The Shareholder  understands that if it knowingly and willingly makes false
     statements  as to  eligibility  to  purchase  or  resell  securities  under
     Regulation S, it may become subject to civil and criminal proceedings being
     taken by the United States Securities and Exchange Commission.

17.  The  Shareholder  has no present  intention of becoming,  a resident of the
     United  States  (defined as being any  natural  person  physically  present
     within  the United  States for at least 183 days in a 12-month  consecutive
     period or any entity who  maintained  an office in the United States at any
     time during a 12-month  consecutive  period).  The Shareholder  understands
     that the Company  may rely upon the  representations  and  warranty of this
     paragraph as a basis for an exemption from  registration  of the securities
     under the Securities  Act, and the provisions of relevant state  securities
     laws.

DATED: _____________________, 2014

                                            The Shareholder

                                            ------------------------------------
                                            Signature

                                            ------------------------------------
                                            (Please print name)

                                       18EX-10.1

 EXHIBIT 10.1 

RETIREMENT AND CONSULTING AGREEMENT 

THIS RETIREMENT AND CONSULTING AGREEMENT (the “Agreement”) is entered into effective as of January 30, 2014 (the
“Effective Date”), by and between Bristow Group Inc., a Delaware corporation (the “Company”), and William E. Chiles (“Executive”). 

RECITALS 
 WHEREAS, the
Company and Executive are party to that certain Amended and Restated Employment Agreement, dated as of June 6, 2006 and as amended on January 1, 2007 and on March 10, 2008 (the “Employment Agreement”); and 

WHEREAS, Executive has expressed his desire to retire from officer positions and separate from employment with the Company and its affiliates
and subsidiaries under certain terms herein set forth, and the Company desires to retain Executive’s services on a non-exclusive consulting basis though the Consulting Period (as defined below); and 

WHEREAS, in consideration of the mutual promises contained herein, Executive voluntarily enters into this Agreement upon the terms and
conditions herein set forth; and 
 WHEREAS, in consideration of the mutual promises contained herein, the Company is willing to enter into
this Agreement upon the terms and conditions herein set forth. 
 AGREEMENT 

NOW, THEREFORE, intending to be legally bound and in consideration of the mutual covenants and agreements hereinafter set forth, the Company
and Executive agree to the following terms and conditions: 
 1. Employment as Officer. During the period beginning on the Effective
Date and ending immediately upon conclusion of the annual general meeting of the stockholders of the Company occurring in calendar year 2014, which the Company and Executive anticipate will occur on or about July 31, 2014 (the “Resignation
Date”) or any earlier termination of Executive’s employment with the Company and its subsidiaries and affiliates (the “Officer Employment Period”), Executive shall continue to serve as President and Chief Executive Officer
of the Company. Executive’s compensation and benefits during the Officer Employment Period shall be as follows: 
 (a)
Salary. Executive shall be paid a base salary at the rate of $950,000 per annum, commencing effective January 1, 2014, in accordance with the Company’s standard payroll practices (the “Base Salary”). 

(b) Annual Bonus for Fiscal Year Ending March 31, 2014. Executive shall be eligible for an annual bonus with
respect to the Company’s fiscal year ending March 31, 2014 (the “2014 Bonus”), as determined by the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) in
accordance with the Company’s FY 2014 Annual Incentive Compensation Plan effective as of June 6, 2013, but based on an annual salary of $950,000 for the entire fiscal year. The 2014 Bonus shall be paid to Executive at the same time such
bonuses attributable to the Company’s fiscal year ending March 31, 2014 are paid to other executives of the Company. 
  

  

 (c) Long-Term Incentive Awards. Executive shall be eligible for a grant of
long-term incentive awards in June 2014 in an amount as determined by the Compensation Committee in its sole discretion (the “2014 Equity Awards”). Based on values of forms of award as determined by the Compensation Committee, the
2014 Equity Awards shall be divided equally among nonqualified stock options, restricted stock units and a performance cash award, which performance cash award shall be subject to the achievement of performance criteria established by the
Compensation Committee in its sole discretion for executive officers of the Company during the three performance periods, the last of which ends on March 31, 2017. The outstanding 2014 Equity Awards shall be subject to vesting as provided in
Section 5(a). 
 (d) Annual Bonus for Fiscal Year Beginning April 1, 2014. Executive shall be eligible for
an annual bonus under the Company’s annual bonus plan for the fiscal year beginning April 1, 2014 (the “2015 Bonus”). The 2015 Bonus actually paid under this Section 1(d) shall be the greater of:
(i) “target” (100% of Executive’s Base Salary) or (ii) such higher amount determined in good faith by the Compensation Committee based on criteria applicable to the Company’s Chief Executive Officer, shall be pro-rated
based on the number of days in the Officer Employment Period during such fiscal year, and shall be paid to Executive at the same time such bonuses are paid to active executives of the Company. 

(e) Deferred Compensation Plan. Executive shall be entitled to continue to participate in the Bristow Group Inc.
Deferred Compensation Plan, as amended and restated effective as of August 1, 2008 (the “Deferred Compensation Plan”), through the end of the Officer Employment Period, as contemplated by the terms of such plan and the
Employment Agreement. For the avoidance of doubt, Executive shall participate in the Deferred Compensation Plan through the end of the Officer Employment Period, notwithstanding that the Officer Employment Period ends prior to December 31,
2014. 
 (f) 401(k) Plan and Welfare Plans. During the Officer Employment Period, Executive shall continue to be
eligible to participate in the Company’s 401(k) Plan, and Executive and his spouse and dependents, as applicable, shall continue to be eligible to participate in welfare plans sponsored by the Company, in each case, to the same extent as in
effect immediately prior to the Effective Date. 
 2. Retirement and Resignation from Officer and Director Positions. Effective
immediately upon the end of the Officer Employment Period, Executive hereby resigns from his position as President and Chief Executive Officer of the Company and any and all director, manager and other officer (or equivalent) positions he holds with
the Company and its subsidiaries and affiliates. Executive agrees to take any and all further acts necessary to accomplish these resignations. 

3. Payments and Benefits as a Result of Resignation or Qualifying Event. Upon Executive’s resignation on the Resignation Date or
upon a Qualifying Event (if it occurs prior to the Resignation Date), Executive shall be entitled to the following benefits and payments: 

  
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 (a) Resignation Payment. Executive shall be entitled to a single lump sum
cash payment of $3,800,000 on the earlier to occur of the Resignation Date or Qualifying Event, which the parties agree is equivalent to the severance benefit specified in Section 4(a)(i)B(1) of the Employment Agreement. 

(b) Restricted Stock, Restricted Stock Units and Options. All outstanding awards of restricted stock, restricted stock
units and non-qualified stock options, in each case other than the 2014 Equity Awards, shall fully vest effective on the earlier to occur of the Resignation Date or Qualifying Event, with any unexercised options remaining exercisable for the full
original ten-year term of the option. Appendix A hereto lists Executive’s outstanding equity awards as of the Effective Date, the projected unvested awards as of the Resignation Date and the expiration date with respect to unexercised stock
options. 
 (c) Performance Cash Awards. Upon the earlier to occur of the Resignation Date or Qualifying Event,
Executive shall be fully vested in the right to receive an amount, without pro-ration, based on the actual achievement of the performance criteria applicable to his outstanding performance cash awards, which shall be paid to Executive on the same
date such awards are paid to the Company’s active employees. Appendix A hereto lists Executive’s outstanding performance cash awards as of the Effective Date, the projected unvested awards as of the Resignation Date and the amount payable
upon achievement of “target” level performance criteria. 
 (d) Deferred Compensation Plan. As further
described in Section 9(l) of this Agreement, the Resignation Date or earlier termination of Executive’s employment with the Company and its subsidiaries and affiliates shall constitute Executive’s “separation from service”
within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) for purposes of any deferred compensation accrued by Executive as of, or attributable to Executive’s service prior to, the
Resignation Date or earlier termination of Executive’s employment with the Company and its subsidiaries and affiliates, and, as a result, any such deferred compensation amounts or benefits of Executive payable upon a “separation from
service” shall be paid to Executive in accordance with the terms of the relevant plans and arrangements and in compliance with Section 9(l) of this Agreement. Consistent with the foregoing, Executive’s benefit under the Deferred
Compensation Plan shall be paid to Executive on the first business day occurring on or after the date that is six months after the Resignation Date or earlier termination of Executive’s employment with the Company and its subsidiaries and
affiliates, pursuant to the terms of the Deferred Compensation Plan and in compliance with the six-month delay requirement under Section 409A(a)(2)(B)(i) of the Code. 

(e) Life Insurance. The Company shall continue to pay the premiums through the end of the Officer Employment Period for
the Pruco Life Insurance Company life insurance policy #L4219661-T referenced in Section 2(f) of the Employment Agreement, with a maximum death benefit of $3,000,000 payable to the designated beneficiary under the policy. In order for Executive
to continue the life insurance coverage, he must pay any premium amounts due after the Resignation Date. The parties acknowledge that Executive is the owner of such insurance policy, and that upon Executive’s request the Company shall assign,
to the extent assignable, any and all rights it may have in such insurance policy to Executive. 

  
 Page 3 

 (f) Additional Payments and Benefits upon Qualifying Event. If a
Qualifying Event occurs prior to the Resignation Date, the Company shall (i) pay to Executive, in a single lump sum cash payment on the date that is thirty (30) days after the Qualifying Event, an amount equal to the difference between
(A) $554,167 less (B) the total amount of salary paid to Executive during the Officer Employment Period pursuant to Section 1(a) hereof, (ii) pay to Executive the 2014 Bonus, to the extent not already paid to Executive, at the
same time as bonuses for the Company’s 2014 fiscal year are paid to other executives of the Company, (iii) pay to Executive the 2015 Bonus, prorated based on a number of days in the Employment Period that is no less than the number of days
in the period of April 1, 2014 through July 31, 2014, at the same time such bonuses are paid to active executives of the Company, (iv) award Executive the 2014 Equity Awards, if the Company has not already awarded Executive the 2014
Equity Awards pursuant to Section 1(c) hereof, and (v) pay Executive an amount equal to 20% of each of the amounts paid pursuant to the forgoing Sections 3(f)(i), (ii) and (iii) to the extent such amounts have not been included
in Executive’s compensation for purposes of his participation in the Deferred Compensation Plan, within thirty (30) days after the later to occur of the Qualifying Event or the payment of the amount on which such additional payment is
based. Nothing in this Agreement shall provide for duplication of any compensation or benefits payable hereunder, whether payable during the Officer Employment Period or the Consulting Period or as a result of termination of Executive’s
employment at any time. 
 4. Consulting Period. During the period beginning on the Resignation Date and ending on July 31, 2016
or such earlier date as the parties may mutually agree (the “Consulting Period”), Executive shall be an employee of the Company and shall perform consulting services on behalf of the Company. During the Consulting Period, Executive
will perform such duties as reasonably requested by the Company, including, without limitation, advice and consulting regarding the achievement of certain business objectives and matters of strategy during the Consulting Period, provided that
Executive shall have no policy-making duties or authorities during the Consulting Period. Consulting services shall be performed primarily at the Company’s Houston, Texas headquarters. During the Consulting Period, Executive may perform
consulting or other services for persons not affiliated with the Company so long as such services do not violate the provisions of Section 7 hereof or materially interfere with Executive’s performance of duties on behalf of the Company
hereunder, and provided that Executive first provides timely advance notice to the Chairman of the Board of Directors of the Company (the “Board”), which timing of such advance notice shall take into account Executive’s
responsibilities for ongoing projects or assignments at such time. Executive’s compensation and benefits during the Consulting Period shall be as provided below in this Section 4. 

(a) Salary. Executive shall be paid a salary at the rate of $950,000 per annum, payable in installments in accordance
with the Company’s standard payroll practices. 
 (b) Discretionary Cash Bonus. Executive shall be eligible for
consideration for a cash bonus with respect to the period starting on the date the Consulting Period begins and ending on the first anniversary of such date in the sole discretion of the Compensation Committee based on its good faith assessment of
Executive’s contributions to the Company’s performance during such period (the “Consulting Bonus”). If the Compensation Committee determines that a Consulting Bonus is payable to Executive pursuant to this
Section 4(b), such cash bonus shall be paid to Executive in a single lump sum in August 2015. 

  
 Page 4 

 (c) 401(k) Plan and Welfare Plans. During the period beginning on the
Resignation Date and ending on July 31, 2016, and notwithstanding any earlier termination of the Consulting Period by the Company without Cause, Executive shall continue to be eligible to participate in the Company’s 401(k) Plan, and
Executive and his spouse and dependents, as applicable, shall continue to be eligible to participate in welfare plans sponsored by the Company, in each case, to the same extent as in effect immediately prior to the Resignation Date and provided that
the terms of such plans permit such continued participation. 
 (d) Deferred Compensation Benefit. During the
Consulting Period, Executive will not be eligible to participate in the Deferred Compensation Plan pursuant to the terms of such plan and relevant provisions of the Code, and, as a result, will not receive the Level 1 Employer Contribution Credit of
20% of Executive’s base and incentive pay as provided in Section 4.5(a)(i) of the Deferred Compensation Plan. The Company shall provide the Deferred Compensation Benefit (as defined below) to Executive in order to mitigate the impact of
Executive’s ineligibility to participate in the Deferred Compensation Plan. The “Deferred Compensation Benefit” shall be an amount that is 20% of (i) the salary paid to Executive pursuant to Section 4(a) hereof during
the Consulting Period, or to which Executive becomes entitled pursuant to Section 5(d) hereof, and (ii) any Consulting Bonus payable pursuant to Section 4(b) hereof. 

(e) No Equity Awards. Executive and the Company understand and agree that Executive is not eligible for or entitled to
receive awards or grants of equity in the Company during the Consulting Period. 
 (f) Office and Support; Expenses.
During the Consulting Period, the Company will provide Executive with an office, computer, cell phone and other reasonable administrative support services at the Company’s Houston, Texas headquarters. During the Consulting Period, Executive
shall be eligible for prompt reimbursement for business expenses reasonably incurred by Executive in the performance of his services to the Company in accordance with the policies of the Company in effect from time to time. 

5. Separation Benefits. Upon a Qualifying Event (as defined below) that occurs during the Officer Employment Period or the Consulting
Period (including upon the expiration of the Consulting Period), subject to timely execution by or on behalf of Executive (other than in the case of death) without revocation of the Release (as defined below) pursuant to Section 6 hereof,
Executive shall be entitled to the following payments and benefits, as applicable: 
 (a) Equity. The 2014 Equity
Awards shall become fully vested and exercisable, with any unexercised options remaining exercisable for the full original ten-year term of the option. For purposes of the 2014 Equity Awards in the form of performance cash awards, Executive shall be
fully vested in the right to receive an amount, without pro-ration, based on the actual achievement of the performance criteria applicable to his outstanding performance cash awards, which shall be paid to Executive on the same date such awards are
paid to the Company’s active employees. 

  
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 (b) Medical Payment. Executive shall be entitled to a lump sum cash
payment of $250,000, payable on the date that is thirty (30) days after the Qualifying Event, which payment is intended to compensate Executive for the expense of COBRA continuation coverage and a market medical insurance policy for his spouse
until his spouse attains age 65. 
 (c) Deferred Compensation Benefit. The Company shall pay to Executive the Deferred
Compensation Benefit on the date that is thirty (30) days after the Qualifying Event. 
 (d) Severance Benefits.
If the Qualifying Event occurs prior to July 31, 2016, the Company shall pay to Executive, in a single lump sum cash payment on the date that is thirty (30) days after the Qualifying Event, an amount equal to the difference between
(A) $1,900,000 less (B) the total amount of salary paid to Executive during the Consulting Period pursuant to Section 4(a) hereof. For the avoidance of doubt, Executive shall be entitled to the payment specified in this
Section 5(d) notwithstanding the occurrence of a Qualifying Event prior to commencement of the Consulting Period. Except as specified in this Agreement, Executive shall not be entitled to any severance payments or benefits under any other plan
or arrangement of the Company. 
 (e) Benefits. As an employee of the Company, Executive shall be entitled to any
benefits accrued through the date of his termination under any of the Company’s employee benefit plans, programs or arrangements which amount shall be payable in accordance with the terms and conditions of such employee benefits plans, programs
or arrangements. 
 (f) Forfeiture of Benefits. If (i) Executive experiences a termination of employment with the
Company and its subsidiaries and affiliates during the Officer Employment Period or the Consulting Period that is not a Qualifying Event or (ii) Executive experiences a Qualifying Event during the Officer Employment Period or the Consulting
Period (including the expiration of the Consulting Period) but fails to return the Release (except if due to Executive’s death) or revokes the Release prior to the Release becoming irrevocable pursuant to its terms, then, immediately on the
date of a termination that is not a Qualifying Event, or on the date that is thirty (30) days after the date of the Qualifying Event, as applicable, Executive shall forfeit, and the Company shall have no obligation to pay or provide to
Executive, the payments and benefits specified in Sections 5(a), 5(b), 5(c) and 5(d) hereof. 
 (g) Definitions. The
following definitions apply for purposes of this Agreement: 
 (i) “Qualifying Event” shall mean the
cessation of Executive’s employment and consulting services on behalf of the Company and all of its subsidiaries and affiliates at any time from and after the Effective Date due to (A) the expiration of the Consulting Period,
(B) termination of employment and the consulting relationship due to Disability, (C) termination of employment and the consulting relationship by the Company not for Cause or (D) Executive’s death. For purposes of clarity, a
“Qualifying Event” does not include Executive’s voluntary termination of employment and consulting services on behalf of the Company and all of its subsidiaries and affiliates prior to the end of the Consulting Period or the
involuntary termination of Executive’s employment and consulting services by the Company for Cause. 

  
 Page 6 

 (ii) “Cause” shall mean: 

(A) Executive’s willful failure to substantially perform Executive’s duties under this Agreement, or
Executive’s willful failure to perform specific directives of the Board (as opposed to unsatisfactory performance), which directives are consistent with the scope and nature of Executive’s duties, other than any such failure resulting from
incapacity due to physical or mental illness, which failure has continued for a period of at least thirty (30) days following delivery to Executive of a written demand for substantial performance specifying the manner in which Executive has
failed hereunder; or 
 (B) Executive’s commission of malfeasance, fraud, or dishonesty, or Executive’s willful
and material violation of Company policies; or 
 (C) Executive’s indictment or formal charge for, and subsequent
conviction of, or plea of guilty or nolo contendere to, a felony, or a misdemeanor involving moral turpitude; or 
 (D)
Executive’s failure to provide advance notice of his performance of services for a third party to the Chairman of the Board as required pursuant to Section 4 hereof; or 

(E) Executive’s material breach of Section 7 of this Agreement. 

A termination of employment of Executive shall not be deemed to be for “Cause” unless and until there shall have been delivered to
Executive a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board (not including Executive) at a meeting of the Board called and held for such purpose, finding that, in the good
faith opinion of the Board, Executive is guilty of the conduct described in one or more of the clauses in Section 5(g)(ii) above, and specifying the particulars thereof. 

(iii) “Disability” shall mean the inability of Executive to perform Executive’s duties with the Company
for 150 consecutive days during the period beginning on the Effective Date and ending on the termination of the Consulting Period as a result of incapacity due to mental or physical illness, which is determined to be total and permanent by a
licensed physician selected by the Company or its insurers and reasonably acceptable to Executive or Executive’s legal representative. If the parties cannot agree on a licensed physician, each party shall select a licensed physician and the two
physicians shall select a third who shall be the approved licensed physician for these purposes. 
 6. Post-Consulting Release.
Executive acknowledges that this Agreement provides Executive with additional rights and privileges to which Executive would not otherwise be entitled, and, in exchange for the same, Executive agrees to take action to timely execute a full

  
 Page 7 

 
and complete release of claims against the Company, its affiliates, officers and directors in the form attached hereto as Exhibit A (“Release”) on or after the date of a
Qualifying Event (other than death). Executive acknowledges that the Company retains the right to modify the required form of the Release as reasonably necessary in order to effectuate a full and complete release of claims against the Company, its
affiliates, officers and directors. Notwithstanding any provision herein to the contrary, if Executive has not delivered to the Company an irrevocable Release executed by or on behalf of Executive on or before the thirtieth (30th) day after the
Qualifying Event (other than death), Executive shall have no rights to the payments and benefits specified in Sections 5(a), 5(b), 5(c) and 5(d) hereof, and the Company shall have no further obligations to Executive pursuant to this Agreement. 

7. Covenants. Executive recognizes that the Company’s willingness to enter into this Agreement is based in material part on
Executive’s agreement to the provisions of this Section 7, and that Executive’s breach of the provisions of this Section 7 could materially damage the Company. 

(a) Confidential Information. The Company will provide and has provided its confidential and trade secret information to
Executive, and Executive agrees to hold in a fiduciary capacity for the benefit of the Company and any entity controlled by, controlling or under common control with the Company (the “Affiliated Group”), all Confidential Information
(as defined below). Executive shall not communicate, divulge or disseminate Confidential Information at any time during or after Executive’s employment with the Company and the Affiliated Group, except with the prior written consent of the
Company, or as otherwise required by law or legal process or governmental inquiry or as such disclosure or use may be required in the course of Executive performing Executive’s duties and responsibilities. Notwithstanding the foregoing
provisions, if Executive is required to disclose any such confidential or proprietary information pursuant to applicable law or governmental inquiry or a subpoena or court order, Executive shall promptly notify the Company in writing of any such
requirement so that the Company or the appropriate member of the Company and the Affiliated Group may seek an appropriate protective order or other appropriate remedy. Executive shall reasonably cooperate with the Company and the Affiliated Group to
obtain such a protective order or other remedy. If such order or other remedy is not obtained prior to the time Executive is required to make the disclosure, then unless the Company waives compliance with the provisions hereof, Executive shall
disclose only that portion of the confidential or proprietary information which Executive is advised by counsel in writing (either Executive’s or the Company’s) that Executive is legally required to so disclose. Upon Executive’s
termination of employment with the Company and the Affiliated Group for any reason, Executive shall promptly return to the Company all records, files, memoranda, correspondence, notebooks, notes, reports, customer lists, drawings, plans, documents,
and other documents and the like relating to the business of the Company and the Affiliated Group or containing any trade secrets relating to the Company and the Affiliated Group or that Executive uses, prepares or comes into contact with during the
course of Executive’s employment with the Company and the Affiliated Group, and all keys, credit cards and passes, and such materials shall remain the sole property of the Company and/or the Affiliated Group, as applicable. Executive agrees to
execute any standard form confidentiality agreements with the Company that the Company generally enters into or may enter into in the future with its senior executives. For purposes of this Agreement, “Confidential Information”
shall mean any and all secret 

  
 Page 8 

 
or confidential information, knowledge or data relating to the Company and the Affiliated Group and their businesses (including, without limitation, any proprietary and not publicly available
information concerning any processes, methods, trade secrets, research or secret data, costs, names of users or purchasers of their respective products or services, business methods, operating procedures or programs or methods of promotion and sale)
that Executive obtains during Executive’s employment by the Company and the Affiliated Group that is not public knowledge. 

(b) Work Product and Inventions. The Company and/or its nominees or assigns shall own all right, title and interest in
and to the Developments (as defined below), whether or not patentable, reduced to practice or registrable under patent, copyright, trademark or other intellectual property law anywhere in the world, made, authored, discovered, reduced to practice,
conceived, created, developed or otherwise obtained by Executive (alone or jointly with others) during Executive’s employment with the Company and the Affiliated Group, and arising from or relating to such employment or the business of the
Company or of other member of the Affiliated Group (whether during business hours or otherwise, and whether on the premises of using the facilities or materials of the Company or of other members of the Affiliated Group or otherwise). Executive
shall promptly and fully disclose to the Company and to no one else all Developments, and hereby assigns to the Company without further compensation all right, title and interest Executive has or may have in any Developments, and all patents,
copyrights, or other intellectual property rights relating thereto, and agrees that Executive has not acquired and shall not acquire any rights during the course of Executive’s employment with the Affiliated Group or thereafter with respect to
any Developments. For purposes of this Agreement, “Developments” shall mean any and all inventions, ideas, trade secrets, technology, devices, discoveries, improvements, processes, developments, designs, know how, show-how, data,
computer programs, algorithms, formulae, works of authorship, works modifications, trademarks, trade names, documentation, techniques, designs, methods, trade secrets, technical specifications, technical data, concepts, expressions, patents, patent
rights, copyrights, moral rights, and all other intellectual property rights or other developments whatsoever. 
 (c) Non-Solicitation of Affiliated Group Employees. Executive shall not, at any time during the Restricted Period (as defined below), other than in the ordinary exercise of Executive’s duties while employed by
the Company, without the prior written consent of the Company, directly or indirectly, solicit, recruit, or employ (whether as an employee, officer, agent, consultant or independent contractor) any person who is or was at any time during the
previous twelve (12) months, an employee, representative, officer or director of the Company or any member of the Affiliated Group. Further, during the Restricted Period, Executive shall not take any action that could reasonably be expected to
have the effect of directly encouraging or inducing any person to cease their relationship with the Company or any member of the Affiliated Group for any reason. A general employment advertisement by an entity of which Executive is a part will not
constitute solicitation or recruitment. 
 (d) Non-Competition. In
consideration of the Company’s promise to provide Executive with the confidential and trade secret information of the Company, Executive agrees as follows: 

  
 Page 9 

 (i) Areas Other Than Louisiana. Except with respect to competition in the
State of Louisiana, or with respect to competition in or above the waters off the State of Louisiana in the areas specified in subparagraph (B) of Section 7(d)(ii) of this Agreement, during the Restricted Period, Executive shall not,
either directly or indirectly, compete with the business of the Company anywhere in the world where the Company or any member of the Affiliated Group conducts business by (1) becoming an officer, agent, employee, partner or director of any
other corporation, partnership or other entity, or otherwise render services to or assist or hold an interest (except as a less than 2-percent shareholder of a publicly traded corporation or as a less than 5-percent shareholder of a corporation that is not publicly traded) in any Competitive Business (as defined below), or (2) soliciting, servicing, or accepting the business of (A) any active customer of the
Company or any member of the Affiliated Group, or (B) any person or entity who is or was at any time during the previous twelve (12) months a customer of the Company or any member of the Affiliated Group, provided that such business is
competitive with any significant business of the Company or any member of the Affiliated Group. 
 (ii) Louisiana.
With respect to competition in the State of Louisiana, or with respect to competition in or above the waters specified in subparagraph (B) of this Section 7(d)(ii). 

(A) Executive, during the Restricted Period, agrees to refrain from carrying on or engaging in a business similar to the
business of the Company or any member of the Affiliated Group, or from soliciting customers of the business of the Company or any member of the Affiliated Group, within the Parishes of Lafayette, Vermillion, Cameron, Iberia, St. Mary,
Plaquemines, Terrebonne, Lafourche, St. Bernard, Orleans, Calcasieu and Jefferson in the State of Louisiana, so long as the Company or any member of the Affiliated Group carries on a like business therein during the Restricted Period, and 

(B) Executive, during the Restricted Period, agrees to refrain from carrying on or engaging in a business similar to the
business of the Company or any member of the Affiliated Group or from soliciting customers of the business of the Company or any member of the Affiliated Group in or above the waters of the Gulf of Mexico adjacent to the Parishes of Lafayette,
Vermillion, Cameron, Iberia, St. Mary, Plaquemines, Terrebonne, Lafourche, St. Bernard, Orleans, Calcasieu and Jefferson in the State of Louisiana, so long as the Company or any member of the Affiliated Group carries on a like business
therein during the Restricted Period. 
 (C) All non-capitalized terms in subparagraphs (A) and (B) of this
Section 7(d)(ii) are intended to and shall have the same meanings that those terms (to the extent they appear therein) have in La. R.S. 23:921.C. Subject to and only to the extent not inconsistent with the foregoing sentence, the parties
understand the following phases to have the following meanings: 

  
 Page 10 

 (1) The phrase “carrying on or engaging in a business similar to the
business of the Company or any member of the Affiliated Group” includes engaging, as principal, agent, trustee, or through the agency of any corporation, partnership, association or agent or agency, in any business that conducts an offshore oil
and gas helicopter service business in competition with the Company or any member of the Affiliated Group or being the owner (except as a less than 2-percent shareholder of a publicly traded corporation or as a less than 5-percent shareholder of a
corporation that is not publicly traded) of any interest in any corporation or other entity, or an officer, director, or employee of any corporation or other entity (other than the Company or any member of the Affiliated Group), or a member or
employee or any partnership, or an owner or employee of any other business that conducts an offshore oil and gas helicopter service business in competition with the Company or any member of the Affiliated Group. Moreover, the term also includes
(i) directly or indirectly inducing any current customers of the Company or any member of the Affiliated Group to patronize any offshore oil and gas helicopter service business in competition with the Company or any member of the Affiliated
Group; (ii) canvassing, soliciting, or accepting any offshore oil and gas helicopter service business of the type conducted by the Company or any member of the Affiliated Group; (iii) directly or indirectly requesting or advising any
current customers of the Company or any member of the Affiliated Group to withdraw, curtail or cancel such customer’s offshore oil and gas helicopter service business with the Company or any member of the Affiliated Group; or (iv) directly
or indirectly disclosing to any other person, firm, corporation or entity, the names and addresses of any of the current customers of the Company or any member of the Affiliated Group. In addition, the term includes, directly or indirectly, through
any person, firm, association, corporation or other entity with which Executive is now or may hereafter become associated, causing or inducing any present employee of the Company or any of its subsidiaries to leave the employ of the Company or any
of its subsidiaries to accept employment with Executive or with such person, firm association, corporation, or other entity. 

(2) The phrase “a similar business to the business of the Company or any member of the Affiliated Group” means an
offshore oil and gas helicopter service business. 
 (3) The phrase “carries on a like business” includes, without
limitation, actions taken by or through a wholly-owned subsidiary or other affiliated corporation or entity. 

(D) Notwithstanding any other provision of this Agreement, Section 7(d)(ii) of this Agreement shall not apply with
respect to any geographic area outside of the geographic territory expressly set forth in this Section 7(d)(ii). 

  
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 (iii) For purposes of this Agreement, “Competitive Business”
shall mean any person or entity (including any joint venture, partnership, firm, corporation, or limited liability company) that engages in any principal or significant business of the Company or any member of the Affiliated Group at any time during
Executive’s employment with the Company and through the date of the termination of the Consulting Period (or any material or significant business that is or was actively pursued at any time during Executive’s employment with the Company
and through the date of the termination of the Consulting Period that the Company or any member of the Affiliated Group enters into during the Restricted Period). 

(e) Restricted Period. For purposes of this Agreement, “Restricted Period” shall mean the period
beginning on the Effective Date and ending on the date that is eighteen (18) months following the expiration of the Consulting Period. 

(f) Non-Disparagement. Executive agrees to refrain from any criticisms or disparaging comments about the Company or any
of its affiliates (including any current or former officer, director or employee of the Company) and, during the Restricted Period, Executive agrees not to take any action, or assist any person in taking any action, that is inconsistent with
fostering the goodwill of the Company and its affiliates. The Company agrees that it will refrain from any criticisms or disparaging comments about Executive to third parties, whether such criticisms or comments are made on behalf of the Company
directly or indirectly through its affiliates or its or their respective officers, directors or employees. Nothing in this Section 7(f) shall apply to or restrict in any way the communication of information by either party to any state or
federal law enforcement agency, so long as Executive uses his best efforts to the extent reasonably practicable to provide prior notice to the Company thereof, and neither party will be in breach of the covenants contained in this Section 7(f)
solely by reason of testimony which is compelled by process of law. 
 (g) Assistance. Executive agrees that during
and after Executive’s employment by the Company, upon request by the Company, Executive will assist the Company and the Affiliated Group in the defense of any claims, or potential claims that may be made or threatened to be made against the
Company and/or any member of the Affiliated Group in any action, suit or proceeding, whether civil, criminal, administrative, investigative or otherwise (a “Proceeding”), and will assist the Company and the Affiliated Group in the
prosecution of any claims that may be made by the Company and/or any member of the Affiliated Group in any Proceeding, to the extent that such claims may relate to Executive’s employment or the period of Executive’s employment by the
Company. Executive agrees, unless precluded by law, to promptly inform the Company if Executive is asked to participate (or otherwise become involved) in any Proceeding involving such claims or potential claims. Executive also agrees, unless
precluded by law, to promptly inform the Company if Executive is asked to assist in any investigation (whether governmental or otherwise) of the Company and/or any member of the Affiliated Group (or their actions), regardless of whether a lawsuit
has then been filed against the Company and/or any member of the Affiliated Group with respect to such investigation. Executive agrees to fully and completely cooperate with any 

  
 Page 12 

 
investigations conducted by or on behalf of the Company and for any member of the Affiliated Group from time to time. The Company agrees to reimburse Executive for all of Executive’s
reasonable out-of-pocket expenses associated with such assistance, including travel expenses and any attorneys’ fees, and shall pay a reasonable per diem fee for Executive’s service. In addition, Executive agrees to provide such services
as are reasonably requested by the Company to assist any successor to Executive in the transition of duties and responsibilities to such successor. Any services or assistance contemplated in this Section 7(g) shall be at mutually agreed to and
convenient times. 
 (h) Remedies. Executive acknowledges and agrees that the terms of this Section 7:
(i) are reasonable in geographic and temporal scope, (ii) are necessary to protect legitimate proprietary and business interests of the Company in, inter alia, near permanent customer relationships and confidential information. Executive
further acknowledges and agrees that (x) Executive’s breach of the provisions of this Section 7 will cause the Company irreparable harm, which cannot be adequately compensated by money damages, and (y) if the Company elects to
prevent Executive from breaching such provisions by obtaining an injunction against Executive, there is a reasonable probability of the Company’s eventual success on the merits. Executive consents and agrees that if Executive commits any such
breach or threatens to commit any breach, the Company shall be entitled to temporary and permanent injunctive relief from a court of competent jurisdiction, in addition to, and not in lieu of, such other remedies as may be available to the Company
for such breach, including the recovery of money damages. If any of the provisions of this Section 7 are determined to be wholly or partially unenforceable, Executive hereby agrees that this Agreement or any provision hereof may be reformed so
that it is enforceable to the maximum extent permitted by law. If any of the provisions of this Section 7 are determined to be wholly or partially unenforceable in any jurisdiction, such determination shall not be a bar to or in any way
diminish the Company’s right to enforce any such covenant in any other jurisdiction. 
 8. Release of Claims by Executive. In
exchange for the consideration offered to Executive under this Agreement, which Executive acknowledges provides consideration to which Executive would not otherwise have an undisputed right to receive, Executive, on his behalf and on behalf of his
heirs, devisees, legatees, executors, administrators, personal and legal representatives, assigns and successors in interest, hereby IRREVOCABLY, UNCONDITIONALLY AND GENERALLY RELEASES, ACQUITS, AND FOREVER DISCHARGES, to the fullest extent
permitted by law, the Company, its subsidiaries and each of their directors, officers, employees, representatives, stockholders, predecessors, successors, assigns, agents, attorneys, divisions, subsidiaries and affiliates (and agents, directors,
officers, employees, representatives and attorneys of such stockholders, predecessors, successors, assigns, divisions, subsidiaries and affiliates), and all persons acting by, through, under or in concert with any of them (collectively, the
“Releasees” and each a “Releasee”), or any of them, from any and all charges, complaints, claims, damages, actions, causes of action, suits, rights, demands, grievances, costs, losses, debts, and expenses (including
attorneys’ fees and costs incurred), of any nature whatsoever, known or unknown, that Executive now has, owns, or holds, or claims to have, own, or hold, or which Executive at any time heretofore had, owned, or held, or claimed to have, own, or
hold from the beginning of time to the date that Executive signs this Agreement, including, but not limited to, those claims arising out of or relating to (i) any agreement, commitment, contract, mortgage, deed of trust, bond, indenture, lease,
license, note, franchise, certificate, option, warrant, right or other instrument, document, obligation or arrangement, 

  
 Page 13 

 
whether written or oral, or any other relationship, involving Executive and/or any Releasee, (ii) breach of any express or implied contract, breach of implied covenant of good faith and fair
dealing, misrepresentation, interference with contractual or business relations, personal injury, slander, libel, assault, battery, negligence, negligent or intentional infliction of emotional distress or mental suffering, false imprisonment,
wrongful termination, wrongful demotion, wrongful failure to promote, wrongful deprivation of a career opportunity, discrimination (including disparate treatment and disparate impact), hostile work environment, sexual harassment, retaliation, any
request to submit to a drug or polygraph test, and/or whistleblowing, whether said claim(s) are brought pursuant to laws of the United States or any other jurisdiction applicable to Executive’s actions on behalf of the Company or any of its
subsidiaries or affiliates, and (iii) any other matter; provided, however, that nothing contained herein shall operate to release any obligations of the Company or its successors or assigns arising under this Agreement. Notwithstanding anything
in this Agreement to the contrary, it is the express intention of Executive and the Company that this Agreement shall not act as a release or waiver of (1) any rights of defense or indemnification which would be otherwise afforded to Executive
under the Certificate of Incorporation, By-Laws or similar governing documents of the Company or its subsidiaries, or any indemnity agreement entered into with Executive, (2) any rights of defense or indemnification which would be otherwise
afforded to Executive under any director or officer liability or other insurance policy maintained by the Company or its subsidiaries; (3) any rights of Executive to benefits accrued under any plan or arrangement referenced in Section 5(e)
of this Agreement, (4) any rights under this Agreement, and (5) such rights or claims as may arise after the date of this Agreement. 

9. Miscellaneous. 

(a) Dispute Resolution. In the event of any dispute or controversy relating to or arising under this Agreement,
including any challenges to the validity hereof, the parties hereto mutually consent to the exclusive jurisdiction of the state courts in the State of Texas and of the federal courts within Texas. In the event any of the provisions of this Agreement
or the application of any such provisions to the parties hereto with respect to their obligations, shall be held by a court of competent jurisdiction to be contrary to the laws of the State of Texas or federal law, the remaining provisions of the
Agreement shall remain in force and effect. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW, THE PARTIES HERETO KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVE ANY RIGHT TO TRIAL BY JURY THAT SUCH PARTY MAY HAVE IN ANY ACTION OR PROCEEDING, IN LAW
OR IN EQUITY, IN CONNECTION WITH THIS AGREEMENT. Executive acknowledges that by agreeing to this provision, he knowingly and voluntarily waives any right he may have to a jury trial based on any claims he has, had, or may have against the
Company, including any right to a jury trial under any local, municipal, state or federal law including, without limitation, claims under Title VII of the Civil Rights Act of 1964, the Americans With Disabilities Act of 1990, the Age Discrimination
In Employment Act of 1967, the Older Workers Benefit Protection Act, the Texas Commission on Human Rights Act, claims of harassment, discrimination or wrongful termination, and any other statutory or common law claims. 

(b) Governing Law. This Agreement is entered into under, and shall be governed, interpreted and enforced for all
purposes by, the laws of the State of Texas, without regard to conflicts of laws principles thereof. 

  
 Page 14 

 (c) Entire Agreement. Except as specifically set forth herein, this
Agreement contains the entire agreement and understanding between the parties hereto and supersedes the Employment Agreement (except to the extent the Employment Agreement is specifically incorporated herein by reference) and any other prior or
contemporaneous written or oral agreements, representations and warranties between them respecting the subject matter hereof. 

(d) Amendment. This Agreement may be amended only by a writing signed by Executive and by a duly authorized
representative of the Company. 
 (e) Tax Withholding; Right of Offset. The Company may withhold and deduct from any
benefits and payments made or to be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling, (b) all other normal deductions made with
respect to the Company’s employees generally, and (c) any advances made to Executive and owed to the Company. 

(f) Assignability. The Company shall have the right to assign this Agreement and its rights hereunder, in whole or in
part. Executive shall not have any right to pledge, hypothecate, anticipate, or in any way create a lien upon any amounts provided under this Agreement, and no payments or benefits due hereunder shall be assignable in anticipation of payment either
by voluntary or involuntary acts or by operation of law. 
 (g) Severability. It is the desire of the parties hereto
that this Agreement (including the provisions of the Employment Agreement and other arrangements incorporated by reference herein) be enforced to the maximum extent permitted by law, and should any provision contained herein be held unenforceable by
a court of competent jurisdiction, the parties hereby agree and consent that such provision shall be reformed to create a valid and enforceable provision to the maximum extent permitted by law; provided, however, if such provision cannot be
reformed, it shall be deemed ineffective and deleted herefrom without affecting any other provision of this Agreement. This Agreement should be construed by limiting and reducing it only to the minimum extent necessary to be enforceable under then
applicable law. 
 (h) Construction. The headings and captions of this Agreement are provided for convenience only and
are intended to have no effect in construing or interpreting this Agreement. The language in all parts of this Agreement shall be in all cases construed according to its fair meaning and not strictly for or against the Company or Executive. 

(i) Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an original,
and all of which together will constitute one document. 
 (j) Nonwaiver. No failure or neglect of either party hereto
in any instance to exercise any right, power or privilege hereunder or under law shall constitute a waiver of any other right, power or privilege or of the same right, power or privilege in any other instance. All waivers by either party hereto must
be contained in a written instrument signed by the party to be charged and, in the case of the Company, by an officer of the Company (other than Executive) or other person duly authorized by the Company. 

  
 Page 15 

 (k) Notices. Any notice, request, consent or approval required or
permitted to be given under this Agreement or pursuant to law shall be sufficient if in writing, and if and when sent by certified or registered mail, with postage prepaid, to Executive’s residence (as noted in the Company’s records), or
to the Company’s principal office, as the case may be. 
 (l) Section 409A. 

(i) Interpretation. Each payment under this Agreement is intended to be (1) exempt from Section 409A of the
Code, the regulations and other binding guidance promulgated thereunder (“Section 409A”), including, but not limited to, by compliance with the short-term deferral exemption as specified in Treas. Reg. § 1.409A-1(b)(4), or
(2) compliant with Section 409A, and the provisions of this Agreement will be administered, interpreted and construed accordingly. 

(ii) Separation from Service. Executive shall be considered to have incurred a “separation from service” with
the Company and its affiliates within the meaning of Treas. Reg. § 1.409A-1(h)(1)(ii) as of the Resignation Date. As of the Resignation Date, the parties anticipate that the level of Executive’s services to the Company and its
affiliates will permanently decrease and will be on a non-exclusive consulting basis. Furthermore, on and after the Resignation Date, Executive shall have no policy-making duties or authorities for or on behalf of the Company and its affiliates.

 (iii) Specified Employee. Notwithstanding any other provision in this Agreement to the contrary, on the date of
Executive’s “separation from service” within the meaning of Section 409A, if Executive is a “specified employee” (as defined in Section 409A), then payments and benefits payable under this Agreement due to a
“separation from service” within the meaning of Section 409A that are deferred compensation subject to (and not otherwise exempt from) Section 409A that would otherwise be paid or provided during the six-month period commencing
on the date of Executive’s “separation from service” within the meaning of Section 409A, shall be deferred until the first business day after the date that is six (6) months following Executive’s “separation from
service” within the meaning of Section 409A. 
 (iv) Unfunded Status. Amounts payable pursuant to this
Agreement are intended to be unfunded for purposes of Section 409A. Although bookkeeping accounts may be established with respect to payments due under the Agreement, any such accounts shall be used merely as a bookkeeping convenience. No
provision of this Agreement shall require the Company to purchase assets, place assets in a trust or segregate assets in connection with amounts due under the Agreement. Any obligation of the Company to Executive under this Agreement shall be based
solely upon any contractual obligations that may be created by this Agreement. 
 (v) Reimbursements. All expenses
eligible for reimbursement under any plan, policy or agreement with Executive shall be paid to Executive promptly, but in any event by no later than December 31st of the calendar year following the calendar year in which such expenses were
incurred. Furthermore, the expenses 

  
 Page 16 

 
incurred by Executive in any calendar year that are eligible for reimbursement shall not affect the expenses incurred by Executive in any other calendar year that are eligible for reimbursement,
and Executive’s right to receive any reimbursement shall not be subject to liquidation or exchange for any other benefit. 

(m) Press Release. The Company and Executive shall cooperate in the preparation of a press release by the Company
announcing Executive’s planned retirement from the Company, the content of which shall be subject to the review and approval of Executive, which approval shall not be unreasonably withheld, conditioned or delayed. In no event shall
Executive’s rights under this Section 9(m) prevent the Company from fulfilling its obligations under applicable stock exchange rules and securities laws and regulations. 

(n) No Duty to Mitigate. In no event shall Executive be obligated to seek other employment or take any other action by
way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement and such amounts shall not be reduced whether or not Executive obtains other employment. 

(o) Director’s and Officer’s Insurance. The Company shall provide Executive with Director’s and
Officer’s insurance coverage, including indemnification, on terms no less favorable than the terms of the coverage provided to similarly situated current and former directors and officers of the Company. In the event that the validity of this
Section 9(o) is challenged (other than by Executive or Executive’s representatives), Executive’s reasonable expenses incurred in connection therewith shall be reimbursed by the Company. 

(p) Potential Reduction in Payments. Notwithstanding any other provision of this Agreement to the contrary, if any
Payment (as hereinafter defined) would be subject to the Excise Tax (as hereinafter defined), then the Payment shall be either 

(i) delivered in full pursuant to the terms of this Agreement, or 

(ii) reduced in accordance with this Section 9(p) to the extent necessary to avoid the Excise Tax, 

based on which of (i) or (ii) would result in the greater Net After-Tax Receipt (as hereinafter defined) to Executive. 

For purposes of this Section 9(p): 

“Payment” means any payment, distribution, or other benefit to or for the benefit of Executive, whether paid or payable or
distributed or distributable pursuant to the terms of this Agreement or otherwise, that constitutes a “parachute payment” within the meaning of Section 280G of the Code; 

“Excise Tax” means the excise tax imposed by Section 4999 of the Code or any similar or successor provision thereto; and

  
 Page 17 

 “Net After-Tax Receipt” means the present value (as determined in accordance
with Section 280G of the Code) of the Payments net of all applicable federal, state and local income, employment, and other applicable taxes and the Excise Tax. 

If Payments are reduced, the reduction shall be accomplished first by reducing cash Payments under this Agreement, in the order in which such
cash Payments otherwise would be paid and then by forfeiting any equity-based awards that vest in connection with the event triggering the Excise Tax, starting with the most recently granted equity-based awards, to the extent necessary to accomplish
such reduction. 
 All determinations under this Section 9(p) shall be made by the Company’s independent accountants or
compensation consultants (the “Third Party”) and all such determinations shall be conclusive, final and binding on the parties hereto. The Company and Executive shall furnish to the Third Party such information and documents as the
Third Party may reasonably request in order to make a determination under this Section 9(p). The Company shall bear all reasonable fees and costs of the Third Party with respect to determinations under or contemplated by this Section 9(p).

 [Execution Page Follows] 

  
 Page 18 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date set forth
below, but effective as of the Effective Date. 
  

									
	COMPANY	 		 	
					
	By:	 	/s/ Thomas C. Knudson	 		 	Date:	 	1/30/14
		 	 Name: Thomas C. Knudson
	 		 		 	
		 	 Title: Chairman
	 		 		 	

  

							
	EXECUTIVE	 		 	
				
	 /s/ William E. Chiles
	 		 	    Date:	 	1/30/14
	William E. Chiles	 		 		 	

  
 Page 19 

 EXHIBIT A 

RELEASE 
 Pursuant to the terms of the
Retirement and Consulting Agreement effective as of                     , 2014, between Bristow Group, Inc. (the “Company”) and me
(the “Agreement”), and in consideration of the payments made to me and other benefits to be received by me pursuant thereto, I, WILLIAM E. CHILES, do freely and voluntarily enter into this RELEASE (the “Release”),
which shall become effective and binding on the eighth day following my signing this Release as provided herein (the “Waiver Effective Date”). It is my intent to be legally bound, according to the terms set forth below. 

In exchange for the payments and other benefits to be provided to me by the Company pursuant to Sections 5(a), 5(b), 5(c) and 5(d) of the Agreement (the
“Separation Benefits”), I hereby agree and state as follows: 
 1. I, individually and on behalf of my heirs, personal
representatives, successors, and assigns, release, waive, and discharge the Company, its predecessors, successors, parents, subsidiaries, merged entities, operating units, affiliates, divisions, insurers, administrators, trustees, and the agents,
representatives, officers, directors, shareholders, employees and attorneys of each of the foregoing (hereinafter “Released Parties”), from all claims, debts, liabilities, demands, obligations, promises, acts, agreements, costs,
expenses, damages, actions, and causes of action, whether in law or in equity, whether known or unknown, suspected or unsuspected, arising from my employment and termination from employment with the Company, including but not limited to any and all
claims pursuant to Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act of 1991 (42 U.S.C. § 2000e, et seq.), which prohibits discrimination in employment based on race, color, national origin, religion or sex; the
Civil Rights Act of 1866 (42 U.S.C. §§1981, 1983 and 1985), which prohibits violations of civil rights; the Age Discrimination in Employment Act of 1967, as amended, and as further amended by the Older Workers Benefit Protection Act (29
U.S.C. §621, et seq.), which prohibits age discrimination in employment; the Employee Retirement Income Security Act of 1974, as amended (29 U.S.C. § 1001, et seq. ), which protects certain employee benefits; the Americans with
Disabilities Act of 1990, as amended (42 U.S.C. § 12101, et seq.), which prohibits discrimination against the disabled; the Family and Medical Leave Act of 1993 (29 U.S.C. § 2601, et seq.), which provides medical and family leave; the Fair
Labor Standards Act (29 U.S.C. § 201, et seq.), including the wage and hour laws relating to payment of wages; and all other federal, state and local laws and regulations prohibiting employment discrimination. This Release also includes, but is
not limited to, a release of any claims for breach of contract, mental pain, suffering and anguish, emotional upset, impairment of economic opportunities, unlawful interference with employment rights, defamation, intentional or negligent infliction
of emotional distress, fraud, wrongful termination, wrongful discharge in violation of public policy, breach of any express or implied covenant of good faith and fair dealing, that the Company has dealt with me unfairly or in bad faith, and all
other common law contract and tort claims. 
 Notwithstanding the foregoing, I am not waiving any rights or claims under the Agreement or that may arise
after this Release is signed by me. Moreover, this Release does not apply to any claims or rights which, by operation of law, cannot be waived, including the right to file an administrative charge or participate in an administrative investigation or
proceeding; however, by signing this Release I disclaim and waive any right to share or participate in any monetary award resulting from the prosecution of such charge or investigation or proceeding. Nothing in

  
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this Release shall affect in any way my rights of indemnification and directors and officers liability insurance coverage provided to me pursuant to the Company’s by-laws and/or pursuant to
any other agreements or policies in effect prior to the effective date of my termination of employment or service to the Company, which shall continue in full force and effect, in accordance with their terms, following the Waiver Effective Date.
Nothing in this Release shall affect my rights as a shareholder of the Company. 
 2. I forever waive and relinquish any right or claim to
reinstatement to active employment or service with the Company, its affiliates, subsidiaries, divisions, parent, and successors. I further acknowledge that the Company has no obligation to rehire or return me to active duty or service at any time in
the future. 
 3. I acknowledge that all agreements applicable to my employment respecting non-competition, non-solicitation,
non-recruitment, and the confidential or proprietary information of the Company shall continue in full force and effect as described in the Agreement. 

4. I hereby acknowledge and affirm as follows: 

(a) I have been advised to consult with an attorney prior to signing this Release. 

(b) I have been extended a period of 21 days in which to consider this Release. 

(c) I understand that for a period of seven days following my execution of this Release, I may revoke the Release by notifying
the Company, in writing, of my desire to do so. I understand that after the seven-day period has elapsed and I have not revoked this Release, it shall then become effective and enforceable. 

(d) I acknowledge that I have received payment for all wages and other compensation due at the time of my employment and
service termination, including any reimbursement for any and all business related expenses. I further acknowledge that the Separation Benefits are consideration to which I am not otherwise entitled under any Company plan, program, or prior
agreement. 
 (e) I certify that I have returned all property of the Company, including but not limited to, keys, credit and
fuel cards, files, lists, and documents of all kinds regardless of the medium in which they are maintained. 
 (f) I have
carefully read the contents of this Release and I understand its contents. I am executing this Release voluntarily, knowingly, and without any duress or coercion. 

5. I acknowledge that this Release shall not be construed as an admission by any of the Released Parties of any liability whatsoever, or as an
admission by any of the Released Parties of any violation of my rights or of any other person, or any violation of any order, law, statute, duty or contract. 

6. In the event that any provision of this Release should be held void, voidable, or unenforceable, the remaining portions shall remain in
full force and effect. 

  
 Page 21 

 7. I hereby declare that this Release and the Agreement constitute the entire and final
settlement between me and the Company, superseding any and all prior agreements, and that the Company has not made any promise or offered any other agreement, except those expressed in this Release and the Agreement, to induce or persuade me to
enter into this Release. 
 8. I understand that in order to be effective this Release must be executed by me, without subsequent
revocation, and delivered to the Company such that the Waiver Effective Date occurs on or before the date that is thirty (30) days after the Qualifying Event, as prescribed in the Agreement. 

IN WITNESS WHEREOF, I have signed this Release on the              day of
                , 201    . 
  

	
	 William E. Chiles

  
 Page 22 

 APPENDIX A 

Outstanding Equity and Cash Performance Awards 

1. Options 
  

																			
	 Grant Date
	  	Option Price	 	  	Options Remaining
Exercisable
(Projected as of July 31,
2014 assuming
no
intervening
Exercise)	 	  	Unvested Options as
of Effective Date	 	  	Options Accelerating
(Projected as of the
Resignation Date)	 	  	Option Expiration
	 5/24/2007
	  	$	46.45	  	  	 	29,000	  	  				  	 	—  	  	  	5/24/2017
	 6/5/2008
	  	$	50.25	  	  	 	36,100	  	  				  	 	—  	  	  	6/5/2018
	 6/9/2010
	  	$	30.16	  	  	 	23,034	  	  				  	 	—  	  	  	6/7/2020
	 6/8/2011
	  	$	43.79	  	  	 	61,862	  	  	 	20,621	  	  	 	0	  	  	6/8/2021
	 5/25/2012
	  	$	43.38	  	  	 	73,481	  	  	 	48,988	  	  	 	24,494	  	  	5/25/2022
	 6/6/2013
	  	$	62.65	  	  	 	67,581	  	  	 	67,581	  	  	 	45,054	  	  	6/6/2023
	 

 2. Restricted stock 
  

																	
	 Grant Date
	  	Shares
Granted	 	  	Unvested Shares as of
Effective Date	 	  	Unvested Shares
Projected as of July 31,
2014	 	  	Shares Subject to
Accelerated Vesting
As of the Resignation
Date	 
	 6/8/2011
	  	 	25,982	  	  	 	25,982	  	  	 	0	  	  	 	0	  

 3. Restricted stock units (RSUs) 
  

																	
	 Grant Date
	  	RSUs Granted	 	  	Unvested RSUs as of
Effective Date	 	  	Unvested RSUs
Projected as of July 31,
2014	 	  	RSUs Subject to
Accelerated Vesting
As of the Resignation
Date	 
	 5/25/2012
	  	 	26,894	  	  	 	26,894	  	  	 	26,894	  	  	 	26,894	  
	 6/6/2013
	  	 	25,681	  	  	 	25,681	  	  	 	25,681	  	  	 	25,681	  

 4. Performance cash awards 
  

					
	 Grant Date
	  	Target Amount
(Subject to Section 3(c) of the Agreement, Executive has vested right
to
payment without pro-ration based on actual performance criteria results)	 
	 6/8/2011
	  	$	1,137,500	  
	 5/25/2012
	  	$	1,166,667	  
	 6/6/2013
	  	$	1,575,000	  

  
 Page 23

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