Assignment of Earnings and Insurances Sample Contracts

WILMINGTON TRUST COMPANY, AS COLLATERAL AGENT FOR THE COLLATERAL AGENT, THE AGENT, THE LENDERS, THE TRUSTEE AND THE NOTEHOLDERS and THE ASSIGNORS, as set forth on the signature page hereto

Assignment of Earnings and Insurances • February 7th, 2005 • Offshore Logistics INC • New York

• Contract Type
  Assignment of Earnings and Insurances
• Filed
  February 7th, 2005
• Company
  Offshore Logistics INC
• Jurisdiction
  New York

Assignment of Earnings and Insurances, dated as of August 26, 2004 (the “Assignment”), by and between each of the undersigned assignors (each, an “Assignor” and, collectively, the “Assignors”) and Wilmington Trust Company, not in its individual capacity but solely as Collateral Agent (the “Collateral Agent”), under the Collateral Agency Agreement, dated as of August 26, 2004 (the “Collateral Agency Agreement”) by and among Secunda International Limited (“Secunda” or the “Borrower”) and certain of its subsidiaries, Fortis Capital Corp. (the “Agent”) in its capacity as Agent for the benefit of the Lenders and Wells Fargo Bank, National Association (the “Trustee”) in its capacity as Trustee for the benefit of the Noteholders and the Collateral Agent.