Fourth Supplemental Indenture to 9.250% Senior Secured Notes Due 2020 – CHC Helicopter S.A. and New Guarantors

FOURTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of October 24, 2014, among CHC Helicopters (Barbados) SRL (“CHC Barbados”), CHC Helicopter (1) S.à r.l., , a private limited liability company (société à responsabilité limitée) governed by the laws of the Grand Duchy of Luxembourg whose registered office is located at 6, rue Eugène Ruppert, L-2453 Luxembourg and with a share capital of EUR 12,502 and registered with the Registre de Commerce et des Sociétés à Luxembourg under number B 190.559 (“CHC 1”), CHC Helicopter (2) S.à r.l., a société à responsabilité limitée, existing under the laws of Luxembourg, with registered office at 6, rue Eugène Ruppert, L-2453 Luxembourg and a share capital of € 12,502, registered with the Registre de Commerce et des Sociétés à Luxembourg under the number B 190.564 (“CHC 2”), CHC Helicopter (3) S.à r.l., a société à responsabilité limitée, existing under the laws of Luxembourg, with registered office at 6, rue Eugène Ruppert, L-2453 Luxembourg and a share capital of € 12,502, registered with the Registre de Commerce et des Sociétés à Luxembourg under the number B 190.568 (“CHC 3”), CHC Helicopter (4) S.à r.l., a société à responsabilité limitée, existing under the laws of Luxembourg, with registered office at 6, rue Eugène Ruppert, L-2453 Luxembourg and a share capital of € 12,502, registered with the Registre de Commerce et des Sociétés à Luxembourg under the number B 190.572 (“CHC 4”), CHC Helicopter (5) S.à r.l., a société à responsabilité limitée, existing under the laws of Luxembourg, with registered office at 6, rue Eugène Ruppert, L-2453 Luxembourg and a share capital of € 12,501, registered with the Registre de Commerce et des Sociétés à Luxembourg under the number B 190.587 (“CHC 5” and, together with CHC Barbados, CHC 1, CHC 2, CHC 3 and CHC 4, the “New Guarantors” and each individually a “New Guarantor”), CHC Helicopter S.A., a public limited liability company (société anonyme) organized under the laws of Luxembourg (the “Issuer”), each other existing Guarantor under the Indenture referred to below, HSBC Corporate Trustee Company (UK) Limited, as collateral agent, and The Bank of New York Mellon, as trustee under the Indenture referred to below (the “Trustee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture.

WHEREAS, the Issuer and the existing Guarantors have heretofore executed and delivered to the Trustee an indenture (as amended by the certain First Supplemental Indenture dated as of February 12, 2012 and that certain Second Supplemental Indenture dated as of January 31, 2014, and as further amended, supplemented or otherwise modified, the “Indenture”), dated as of October 4, 2010 providing for the issuance of 9.250% Senior Secured Notes due 2020 (the “Notes”); and

WHEREAS, Section 4.17 of the Indenture provides that under certain circumstances the New Guarantor shall execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantor shall unconditionally guarantee all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”);

WHEREAS, Section 9.01(a) of the Indenture provides that under certain circumstances the Issuer, the Guarantors, the Trustee and the Collateral Agent may amend or

supplement the Indenture without the consent of any Holder in order to make any change that would provide any additional rights or benefits to the Holders; and

WHEREAS, pursuant to Section 9.01(a)(8) of the Indenture the New Guarantors shall execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantors shall unconditionally guarantee all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and

WHEREAS, pursuant to Section 9.01 of the Indenture, the Issuer, the Trustee and the existing Guarantors are authorized to execute and deliver this Supplemental Indenture.

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties covenant and agree for the equal and ratable benefit of the Holders as follows:

1. DEFINED TERMS. Defined terms used herein without definition shall have the meanings assigned to them in the Indenture.

2. RESERVED.

3. AGREEMENT TO GUARANTEE. Each New Guarantor hereby agrees, jointly and severally with all existing Guarantors, to provide an unconditional Note Guarantee on the terms and subject to the conditions set forth in Article 10 of the Indenture and to be bound by all other applicable provisions of the Indenture and the Notes and to perform all of the obligations and agreements of a Guarantor under the Indenture.

4. NO RECOURSE AGAINST OTHERS. To the extent permitted by law, no past, present or future director, manager, officer, employee, incorporator, stockholder or member of the Company, any parent entity of the Company or any Subsidiary, as such, will have any liability for any obligations of the Issuer or the Guarantors under the Notes, this Supplemental Indenture, the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

5. NOTICES. All notices or other communications to the New Guarantors shall be given as provided in Section13.02 of the Indenture.

6. RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.

7. GOVERNING LAW. THE INDENTURE, THIS SUPPLEMENTAL INDENTURE, THE NOTES AND THE NOTE GUARANTEES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

8. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES, THE NOTE GUARANTEES, THE SECURITY DOCUMENTS, THE INTERCREDITOR AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

9. APPOINTMENT OF PROCESS AGENT. Any suit, action or proceeding against any New Guarantor or its properties, assets or revenues with respect to this Supplemental Indenture, the Indenture, the Notes, the Note Guarantees, the Security Documents, or the Intercreditor Agreement may be brought in any state or Federal court in the Borough of Manhattan in The City of New York, New York, as the Person bringing such proceeding arising out of or related to this Supplemental Indenture, the Indenture, the Notes, the Note Guarantees, the Security Documents or the Intercreditor Agreement may elect in its sole discretion. Each New Guarantor hereby consents to the non-exclusive jurisdiction of each such court for the purpose of any such proceeding and has irrevocably waived any objection to the laying of venue of any such proceeding brought in any such court and to the fullest extent it may effectively do so and the defense of an inconvenient forum to the maintenance of any such proceeding or any such suit, action or proceeding in any such court. Each New Guarantor has agreed that service of all writs, claims, process and summonses in any such proceeding brought against it in the State of New York may be made upon CT Corporation (the “Process Agent”). Each New Guarantor has irrevocably appointed the Process Agent as its agent and true and lawful attorney in fact in its name, place and stead to accept such service of any and all such writs, claims, process and summonses, and has agreed that the failure of the Process Agent to give any notice to it of any such service of process shall not impair or affect the validity of such service or of any judgment based thereon. Each New Guarantor has agreed to maintain at all times an agent with offices in New York City to act as its Process Agent. Nothing in this Supplemental Indenture shall in any way be deemed to limit the ability to serve any such writs, process or summonses in any other manner permitted by applicable law.

10. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

11. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Supplemental Indenture. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this

Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

12. TRUSTEE MAKES NO REPRESENTATIONS. The Trustee makes no representation as to the recitals contained in this Supplemental Indenture or any representation as to the validity or sufficiency of this Supplemental Indenture or any Note Guarantee.

13. This Supplemental Indenture amends and restates and supersedes in its entirety that certain Third Supplemental Indenture dated as of October 15, 2014.

IN WITNESS WHEREOF, each of the parties hereto has caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.

By:     /s/ John Mackenzie                

Name: John Mackenzie

Title: Director

in the presence of

By:     /s/ Annette Callewoer                

Name: Annette Callewoer

Title: Staff Accountant

By:     /s/ Hille-Paul Schut                

Name: Hill-Paul Schut

Title: Manager B

in the presence of

By:     /s/ Jean Seckler                

Name: Jean Seckler

Title: Notary Public

By:     /s/ Hill-Paul Schut                

Name: Hill- Paul Schut

Title: Manager B

in the presence of

By:     /s/ Jean Seckler                

Name: Jean Seckler

Title: Notary Public

By:     /s/ Hill-Paul Schut                

Name: Hill- Paul Schut

Title: Manager B

in the presence of

By:     /s/ Jean Seckler                

Name: Jean Seckler

Title: Notary Public

By:     /s/ Hill-Paul Schut                

Name: Hill- Paul Schut

Title: Manager B

in the presence of

By:     /s/ Jean Seckler                

Name: Jean Seckler

Title: Notary Public

By:     /s/ Hill-Paul Schut                

Name: Hill- Paul Schut

Title: Manager B

in the presence of

By:     /s/ Jean Seckler                

Name: Jean Seckler

Title: Notary Public

THE BANK OF NEW YORK MELLON, as Trustee

By:     /s/ Jaime Nielsen                

Name: Jaime Nielsen

Title:Vice President

in the presence of

By:     /s/ Christopher J. Traina            

Name: Christopher J. Traina

Title: Notary Public

CHC HELICOPTER S.A., as Issuer

By:     /s/ Hill-Paul Schut                

Name: Hill- Paul Schut

Title: Manager B

in the presence of

By:     /s/ Jean Seckler                

Name: Jean Seckler

Title: Notary Public

 

CHC GLOBAL OPERATIONS CANADA (2008) INC., as Guarantor

By:     /s/ Russ Hill                    

Name: Russ Hill

Title: Director

in the presence of

By:     /s/ Gareth D. Carline                

Name: Gaerth D. Carline

Title: Barrister & Solicitor, and a Notary Public in

and for the Province of British Columba

4740 Agar Driver, Richmond, BC, V7B 1A3

Canada

Tel: 604 ###-###-#### Fax: 604 ###-###-####

HELI-ONE CANADA INC., as Guarantor

By:     /s/ Russ Hill                    

Name: Russ Hill

Title: Director

in the presence of

By:     /s/ Gareth D. Carline                

Name: Gaerth D. Carline

Title: Barrister & Solicitor, and a Notary Public in

and for the Province of British Columba

4740 Agar Driver, Richmond, BC, V7B 1A3

Canada

Tel: 604 ###-###-#### Fax: 604 ###-###-####

CHC GROUP LTD., as Guarantor

By:                         

Name:

Title:

in the presence of

By:                         

Name:

Title: Notary Public

HELI-ONE LEASING INC., as Guarantor

By:     /s/ Russ Hill                    

Name: Russ Hill

Title: Director

in the presence of

By:     /s/ Gareth D. Carline                

Name: Gaerth D. Carline

Title: Barrister & Solicitor, and a Notary Public in

and for the Province of British Columba

4740 Agar Driver, Richmond, BC, V7B 1A3

Canada

Tel: 604 ###-###-#### Fax: 604 ###-###-####

CHC GLOBAL OPERATIONS (2008) INC., as Guarantor

By:     /s/ Russ Hill                    

Name: Russ Hill

Title: Director

in the presence of

By:     /s/ Gareth D. Carline                

Name: Gaerth D. Carline

Title: Barrister & Solicitor, and a Notary Public in

and for the Province of British Columba

4740 Agar Driver, Richmond, BC, V7B 1A3

Canada

Tel: 604 ###-###-#### Fax: 604 ###-###-####

HELl-ONE USA INC., as Guarantor

By:     /s/ Russ Hill                    

Name: Russ Hill

Title: Director

in the presence of

By:     /s/ Gareth D. Carline                

Name: Gaerth D. Carline

Title: Barrister & Solicitor, and a Notary Public in

and for the Province of British Columba

4740 Agar Driver, Richmond, BC, V7B 1A3

Canada

Tel: 604 ###-###-#### Fax: 604 ###-###-####

HELl-ONE (U.S.) INC., as Guarantor

By:     /s/ Russ Hill                    

Name: Russ Hill

Title: Director

in the presence of

By:     /s/ Gareth D. Carline                

Name: Gaerth D. Carline

Title: Barrister & Solicitor, and a Notary Public in

and for the Province of British Columba

4740 Agar Driver, Richmond, BC, V7B 1A3

Canada

Tel: 604 ###-###-#### Fax: 604 ###-###-####

CHC GLOBAL OPERATIONS INTERNATIONAL INC., as Guarantor

By:     /s/ Russ Hill                    

Name: Russ Hill

Title: Director

in the presence of

By:     /s/ Gareth D. Carline                

Name: Gaerth D. Carline

Title: Barrister & Solicitor, and a Notary Public in

and for the Province of British Columba

4740 Agar Driver, Richmond, BC, V7B 1A3

Canada

Tel: 604 ###-###-#### Fax: 604 ###-###-####

6922767 HOLDING S.À R.L., as Guarantor

By:     /s/ Hille-Paul Schut                

Name: Hille-Paul Schut

Title: Manager B

in the presence of

By:     /s/ Jean Seckler                

Name: Jean Seckler

Title: Notary Public

CHC HELICOPTER HOLDING S.À R.L., as Guarantor

By:     /s/ Hille-Paul Schut                

Name: Hille-Paul Schut

Title: Manager B

in the presence of

By:     /s/ Jean Seckler                

Name: Jean Seckler

Title: Notary Public

CHC HELICOPTERS (BARBADOS) LIMITED, as Guarantor

By:     /s/ John Mackenzie                

Name: John Mackenzie

Title: Director

in the presence of

By:     /s/ Marissa Dhauraj-Raudlini            

Name: Marissa Dhauraj-Raudlini

Title: Senior Accountant

LLOYD BASS STRAIT HELICOPTERS PTY. LTD., as Guarantor

By:     /s/ David Good                

Name: David Good

Title:Director

in the presence of

By:     /s/ Paul D'Angelo                

Name: Paul D'Angelo

Title: Notary Public

LLOYD HELICOPTERS INTERNATIONAL PTY. LTD.

By:     /s/ David Good                

Name: David Good

Title:Director

in the presence of

By:     /s/ Paul D'Angelo                

Name: Paul D'Angelo

Title: Notary Public

LLOYD HELICOPTERS PTY. LTD., as Guarantor

By:     /s/ David Good                

Name: David Good

Title:Director

in the presence of

By:     /s/ Paul D'Angelo                

Name: Paul D'Angelo

Title: Notary Public

LLOYD HELICOPTER SERVICES PTY. LTD., as Guarantor

By:     /s/ David Good                

Name: David Good

Title:Director

in the presence of

By:     /s/ Paul D'Angelo                

Name: Paul D'Angelo

Title: Notary Public

CHC HELICOPTER AUSTRALIA PTY LTD., as Guarantor

By:     /s/ David Good                

Name: David Good

Title:Director

in the presence of

By:     /s/ Paul D'Angelo                

Name: Paul D'Angelo

Title: Notary Public

CHC HOLDING (UK) LIMITED, as Guarantor

By:     /s/ Dennis Corbett                

Name: Dennis Corbett

Title: Director

in the presence of

By:     /s/ Yasmin Strachan                

Name: Yasmin Strachan

Title: Notary Public

LLOYD HELICOPTER SERVICES LIMITED, as Guarantor

By:     /s/ Dennis Corbett                

Name: Dennis Corbett

Title: Director

in the presence of

By:     /s/ Yasmin Strachan                

Name: Yasmin Strachan

Title: Notary Public

MANAGEMENT AVIATION LIMITED, as Guarantor

By:     /s/ Dennis Corbett                

Name: Dennis Corbett

Title: Director

in the presence of

By:     /s/ Yasmin Strachan                

Name: Yasmin Strachan

Title: Notary Public

HELI-ONE HOLDINGS (UK) LIMITED, as Guarantor

By:     /s/ Dennis Corbett                

Name: Dennis Corbett

Title: Director

in the presence of

By:     /s/ Yasmin Strachan                

Name: Yasmin Strachan

Title: Notary Public

HELI-ONE (NETHERLANDS) B.V., as Guarantor

By:     /s/ CHristian Krajewski            

Name: Christian Krajewski

Title: solely authorized director

Date: 22 October 2014

Place: Hoofddorp

in the presence of

By:     /s/ Elmar Dijkstra                

Name: Elmar Dijkstra

Title: Deputising for Daan ter Braak

civil-law notary in Amsterdam (the Netherlands)

Date: 22 October 2014

Place: Hoofddorp

CHC HOOFDDORP B.V., as Guarantor

By:     /s/ CHristian Krajewski            

Name: Christian Krajewski

Title: solely authorized director

Date: 22 October 2014

Place: Hoofddorp

in the presence of

By:     /s/ Elmar Dijkstra                

Name: Elmar Dijkstra

Title: Deputising for Daan ter Braak

civil-law notary in Amsterdam (the Netherlands)

Date: 22 October 2014

Place: Hoofddorp

CHC HOLDING NL B.V., as Guarantor

By:     /s/ CHristian Krajewski            

Name: Christian Krajewski

Title: solely authorized director

Date: 22 October 2014

Place: Hoofddorp

in the presence of

By:     /s/ Elmar Dijkstra                

Name: Elmar Dijkstra

Title: Deputising for Daan ter Braak

civil-law notary in Amsterdam (the Netherlands)

Date: 22 October 2014

Place: Hoofddorp

CHC DEN HELDER B.V., as Guarantor

By:     /s/ Dennis Corbett                

Name: Dennis Corbett

Title: Director

in the presence of

By:     /s/ Yasmin Strachan                

Name: Yasmin Strachan

Title: Notary Public

CAPITAL AVIATION SERVICES B.V., as Guarantor

By:     /s/ CHristian Krajewski            

Name: Christian Krajewski

Title: solely authorized director

Date: 22 October 2014

Place: Hoofddorp

in the presence of

By:     /s/ Elmar Dijkstra                

Name: Elmar Dijkstra

Title: Deputising for Daan ter Braak

civil-law notary in Amsterdam (the Netherlands)

Date: 22 October 2014

Place: Hoofddorp

CHC NORWAY ACQUISITION CO AS, as Guarantor

By:     /s/ Rene Berg                    

Name: Rene Berg

Title: Director

in the presence of

By:     /s/ Elisabeth Nygaard                

Name: Elisabeth Nygaard

Title: Notary Public

HELICOPTER SERVICES GROUP AS, as Guarantor

By:     /s/ Rene Berg                    

Name: Rene Berg

Title: Director

in the presence of

By:     /s/ Elisabeth Nygaard                

Name: Elisabeth Nygaard

Title: Notary Public

HELl-ONE (EUROPE) AS, as Guarantor

By:     /s/ Rene Berg                    

Name: Rene Berg

Title: Director

in the presence of

By:     /s/ Elisabeth Nygaard                

Name: Elisabeth Nygaard

Title: Notary Public

HELI-ONE LEASING (NORWAY) AS, as Guarantor

By:     /s/ Rene Berg                    

Name: Rene Berg

Title: Director

in the presence of

By:     /s/ Elisabeth Nygaard                

Name: Elisabeth Nygaard

Title: Notary Public

HELl-ONE (NORWAY) AS, as Guarantor

By:     /s/ Rene Berg                    

Name: Rene Berg

Title: Director

in the presence of

By:     /s/ Elisabeth Nygaard                

Name: Elisabeth Nygaard

Title: Notary Public

HELl-ONE (U.K.) LIMITED, as Guarantor

By:     /s/ Peter Das                    

Name: Peter Das

Title: Director

in the presence of

By:     /s/ Yashim Strachan            

Name: Yashim Strachan

Title: Notary Public

HELIWORLD LEASING LIMITED, as Guarantor

By:     /s/ Dennis Corbett        

Name: Dennis Corbett

Title: Director

in the presence of

By:     /s/ Yashin Steachan            

Name: Yashin Steachan

Title: Notary Public

INTEGRA LEASING AS, as Guarantor

By:     /s/ Rune Berg                    

Name: Rune Berg

Title: Director

in the presence of

By:     /s/ Elisabeth Nygaard            

Name: Elisabeth Nygaard

Title: Notary Public

CHC LEASING (IRELAND) LIMITED, as Guarantor

By:     /s/ Clark Mironn            

Name: Clark Mironn

Title: Managing Director

in the presence of

By:                         

Name:

Title: Notary Public

CHC NETHERLANDS B.V., as Guarantor

By:     /s/ Christian Krajewski    

Name: Christian Krajewski

Title: jointly authorized director A

By:     /s/ Cees Johan van den Heuvel        

Name: Cees Johan van den Heuvel

Title: jointly authorized director B

in the presence of

By:     /s/ Elmar Dijkstra            

Name: Elmar Dijkstra

Title: Deputising for Daan ter Braak

 

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