AMENDMENT 9 TO S-76 NEW
HELICOPTER SALES AGREEMENT
S76TD02065
THIS
AMENDMENT, dated as of
the Acceptance Date stated below, by and between the Sikorsky
Contracting Entity (“Sikorsky”) named below and the
Buyer named below, hereby amends the S-76 New Helicopter Sales
Agreement between the parties as follows:
1.
DEFINITIONS / INFORMATION FOR THIS AMENDMENT
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Offshore
Logistics, Inc.
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Sikorsky
Contracting Entity:
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Sikorsky
Aircraft Corporation
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S76TD02065
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9
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2.
Amendment — Amend the S-76 Sales Agreement as
follows:
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Article I is revised as follows:
Helicopter Quantity
Delete: “15 plus optional additions as described
below”
Add: “47 plus optional additions as described
below”
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Scheduled
Presentation Date
Delete the
first sentence: “Three helicopters in each year from 2002
through 2006 (inclusive of 2006).”
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Add
to the end of the paragraph: “The Baseline Presentation and
Utility Presentation dates for aircraft 13-47 are as
follows”:
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Firm
Helicopter Quantity/Schedule:
2006: Ten
Scheduled as Follows (referenced Helicopter numbers are
cumulative):
2007: Ten
Scheduled as Follows:
Add to the end
of the paragraph: “Buyer’s option is deemed exercised
by this Amendment 9”.
Delete:
“Buyer may elect to purchase up to six aircraft in each of
the years 2007, 2008” *
Aircraft
Delivery Deferral — 2006
Buyer may elect
to defer completed delivery of aircrafts 19, 20, 21 and 22 for up
to 12 months from their currently scheduled dates.
*
Aircraft
Delivery Deferral — 2007
Buyer may elect
to defer completed delivery of aircrafts 27, 28, 29, 30, 31 and 32
for up to 12 months from their currently scheduled dates.
*
Add: “See
Table 2 in Section III.2.” of Amendment 9
Scheduled
Presentation Date, Utility Helicopter
Add: For
aircraft 13-47 See Article 1 “FIRM AIRCRAFT ORDER”
of this Amendment 9
Delete:
“See Section III”
Add: “See
Table 1 Section III.1”
Article II
is revised as follows:
For aircraft
14-47, as well as any subsequently ordered option aircraft, subject
to Article VII.5, Sikorsky shall sell and deliver to the
Buyer, and the Buyer shall purchase from Sikorsky, the Quantity of
Sikorsky Model S-76C Helicopters with Turbomeca 2S2 engines (known
as the S-76C++) and equipped with the items of additional equipment
specified in Exhibit A, Part 1 (the
“Helicopter”). The Helicopter shall be accepted at
Sikorsky’s designated facilities in Stratford, CT and title
to the Helicopter shall be transferred to the Buyer. Further,
Sikorsky anticipates granting by the FAA of a revised Type
Certificate for the inclusion of the 2S2 engine on the S-76C+. Such
Certification will be accomplished at Sikorsky’s expense, but
is a condition precedent to Sikorsky’s obligation to deliver
the Helicopters. In addition, at Buyer’s option, Sikorsky
shall sell and perform the Completion Services for Buyer and Buyer
shall purchase the Completion Services on the Helicopter, which
will then be equipped with the items of additional equipment
specified by Buyer (similar to that in Exhibit A, Part 2
(the “Utility Helicopter”)). The Buyer and Sikorsky
will make every effort to finalize the final configuration of the
Utility Helicopter twelve months prior to the scheduled Baseline
Presentation Date. Any subsequent configuration changes may have a
price impact and component lead-time impact that may affect the
presentation dates in this Amendment 9. The Helicopter shall be
accepted at Sikorsky’s designated facilities in Stratford,
CT. Subsequent to the title transfer, Sikorsky shall retain custody
of the Helicopter for the purpose of the performance of the
Completion Services. As part of the Completion Services, Sikorsky
will transport the Helicopter, at its expense, from Connecticut, to
Sikorsky’s Designated Completion Center in Pennsylvania, via
ferry flight. Upon its arrival at the Designated Completion Center,
the Helicopter shall be inducted into the facility in order to
allow the performance of the Completion Services.
III
PRICE/PAYMENT SCHEDULE
Article III is revised as
follows:
III.1.a
Price/Payment Schedule Advance Payment
Add: “For firm aircraft 13-47, payment listed in III.1. Table
1 a. or III.1b if Buyer elects to purchase only Baseline Helicopter
the applicable “Advance Payment” shall be due based on
the following scheduled:
Replace Table 1
with the following Tables:
Replace Table 2
with the following Tables:
Add Table 3
— This is for information purposes to show the Price and
Escalation based on aircraft quantities.
Adjustment for Additional
Quantities
VII
HELICOPTER RELATED PROVISIONS
Article VII Paragraph 1 is amended to
add the additional sentence:
1. Type
Design and Production Approval
As set forth in
Article II, paragraph 1 of this Amendment 9, Sikorsky
anticipates granting by the FAA of a revised Type Certificate for
the inclusion of the 2S2 engine on the S-76C+ (To be designated as
the S-76C++).
Article VII Paragraph 5 is amended to
add the following paragraph:
Provided
further, Sikorsky may develop and certify a derivative model of its
S-76 helicopter, herein referred to as “S-76D”;
provided further, that Customer wishes to reserve delivery
position(s) for S-76D for delivery in accordance with the delivery
schedule in Amendment 9 for years 2009-2012 and that the terms and
conditions, including pricing, performance and delivery dates may
be mutually agreed between the parties pursuant to a future
agreement between the parties; provided further, that no provision
in this Agreement represents a binding commitment: (a) on Sikorsky
to develop and certify either the S-76D or any of its features or
improvements or (b) on Buyer to purchase the S-76D or any of its
features or
improvements.
Any deliveries dates set forth herein are estimates only and are
subject to completion of the development and certification
contemplated by Sikorsky.
Article VIII is amended to add
Paragraph 9 as follows
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9
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Flight Control System
Maintenance — During the years 2006
through 2008, inclusive, Sikorsky shall provide a bi-annual course
for S-76 maintenance training of the Honeywell Digital SPZ 7600
Automatic Flight Control System. The course will have a duration of
approximately five (5) days and will be conducted in New
Iberia, Louisiana. Should any of the requested course topics
require initial courseware preparation there may be additional lead
time or cost impacts. Should any of the requested course topics
require additional lead time or have a cost impact the Sikorsky
shall provide the Buyer with a proposal detailing the cost or
schedule impact. Each class session will have a maximum of ten
students. Each mechanic must have background experience in one or
more of the following categories: certified (by Federal Aviation
Administration [“FAA”] or by an equivalent
airworthiness authority) airframe mechanic with one (1) year
practical experience as a rated aircraft mechanic; one
(1) year experience as an active mechanic on a commercial or
military helicopter; or three (3) years general experience as
a commercial or military aircraft mechanic. Travel costs to and
from the training are at the expense of the Buyer.
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X.
ADDITIONAL PRODUCT SUPPORT REQUIREMENTS
Article X is replaced by the following
Paragraphs in its entirety:
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1.
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*
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2.
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Turbomeca Support By the Hour
Program (SBH®) — Sikorsky shall provide
reasonable assistance to Buyer in support of its discussions with
Turbomeca for the purposes of extension of Buyer’s current
(SBH®) Program for 2S1 engines and for the inclusion of 2S2
engines within that program. It shall be Buyer’s obligation
to complete any required definitive agreements.
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3.
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Spares Consignment
— Sikorsky,
through HSI, shall provide to Buyer a consigned inventory to be
held at Buyers facility. The actual composition of this inventory
will be determined by Buyer, from an initial list of components at
Buyers discretion, based on the number of and utilization of
aircraft in the Buyer’s 76 fleet. Buyer will select the
components and quantity levels of each from the previously
mentioned listing. A definitive consignment agreement between OLOG
and H.S.I. will contain all relevant contractual terms and
conditions and will be signed by both parties. The agreement may be
adjusted periodically by the parties to add or subtract
“required” and/or “high usage”
items.
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a.
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The
Consignment Parts will be stored at Customer’s facility for
use by Customer to support the OLOG fleet. However, at
Buyer’s discretion the consigned parts may be used by Service
Provider to support other operators. The reallocation of Consigned
Parts to other operators will only be required in the event that
the other operator is in an AOG condition. Consignor will provide,
with due dispatch, a replacement Consigned Part at no
transportation cost to Consignee. Once the Consigned Part has been
released by Consignee for reallocation, Consignor shall bear all
subsequent costs of transportation and risk of loss for the
Consigned Part. Consignee shall not be charged a Consigned
P
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