Exhibit 3.3
AMENDMENT NO. 1
TO
AMENDED AND RESTATED OPERATING AGREEMENT
OF
XXXXXX OFFSHORE LLC
This Amendment No. 1 ("this Amendment") to the Amended and Restated
Operating Agreement dated as of December 16, 1997 (the "Operating Agreement") of
Xxxxxx Offshore LLC, a Delaware limited liability company (the "Company") is
adopted by the Members signatory hereto, which in the aggregate hold not less
than 90% of the Membership Interests.
WHEREAS, the Managers have unanimously proposed and recommended to the
Members that the Operating Agreement be amended as set forth in this Amendment;
NOW THEREFORE, the Members signatory hereto, which in the aggregate
hold not less than 90% of the Membership Interests, agree as follows:
1. Capitalized Terms. All capitalized terms used and not otherwise
defined herein are used with the meanings ascribed thereto in the Operating
Agreement.
2. Amendment. The Operating Agreement is hereby amended by deleting
therefrom in its entirety the definition of "Tax Distribution" and replacing the
following therefor:
"Tax Distribution" means an amount equal to (i) the product of (x)
the taxable income of the Company and (y) the highest effective marginal
combined rate of Federal, state and city income tax, imposed on an
individual taxpayer (taking into account for purposes of determining the
rate of "state and city income tax" the highest combined New York State and
New York City income tax rate imposed upon individuals) reduced by (ii) to
the extent not previously taken into account, any income tax benefit
attributable to the Company which could be realized (without regard to the
actual realization) by its Members in the current or any prior Taxable Year
or a portion thereof, commencing on or after April 28, 1998 (including any
tax losses or tax credits) computed at the applicable percentage calculated
pursuant to
subclause (y) of clause (i) above for the Taxable Year that such benefit is
taken into account for purposes of this computation. Cash Distributions in
respect of the Tax Distribution shall be made quarterly as provided in
Section 4.1 hereof, based on a reasonable estimate of the amount of Tax
Distribution for such Taxable Year. The amount of Tax Distribution shall
be computed by the accountants that regularly prepare the Company's tax
returns and related information.
3. Miscellaneous. From and after the Effective Date (as defined
below), all references in the Operating Agreement to "this Agreement" shall be
deemed references to the Amended and Restated Operating Agreement of Xxxxxx
Offshore LLC, as amended by this Amendment No. 1. Except as specifically
amended by this Amendment, the Operating Agreement remains in full force and
effect. The section and other headings contained in this Amendment are for
reference purposes only and shall not affect the meaning or interpretation of
this Amendment. This Amendment may be executed in several counterparts, all of
which together shall constitute one instrument binding on all Members,
notwithstanding that all the Members have not signed the same counterpart, or
any counterpart hereof; provided, however, this Amendment shall not become
effective unless and until Members that in the aggregate hold not less than 90%
of the Membership Interests shall have executed a counterpart hereof. This
Amendment shall be construed according to and governed by the laws of the State
of Delaware without regard to principles and conflict of laws.
IN WITNESS WHEREOF, this Amendment is executed by the Members
signatory hereto, which in the aggregate hold not less than 90% of the
Membership Interests, to be effective April 28, 1998 (the "Effective Date").
2
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
of
GROUP A MEMBERS
SEACOR OFFSHORE RIGS INC.
By: /s/ XXXXXXX XXXXX
---------------------------------
Name: Xxxxxxx Xxxxx
Title: Vice-President
GROUP B MEMBERS
COI, LLC
By: /s/ XXXXXXX X. XXXXXX
---------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: President
3
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
GROUP C MEMBERS
/s/ XXX XXXXXX
---------------------------------
Name: Xxx Xxxxxx
ASHTON GROUP INC.
By: /s/ XXXXXX XXXX
---------------------------------
Name: Xxxxxx Xxxx
Title: President
/s/ XXXXX X. XXXXXX
---------------------------------
Name: Xxxxx X. Xxxxxx
/s/ XXXX XXXXXXXX/XXXXX X. XXXXXXXX
---------------------------------
Name: Xxxx and Xxxxx X. Xxxxxxxx,
as tenants in common
/s/ XXXX X. XXXXXX
---------------------------------
Name: Xxxx X. Xxxxxx
4
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
/s/ XXX XXXXX
---------------------------------
Name: Xxx Xxxxx
/s/ XXXXX X. XXXXX
---------------------------------
Name: Xxxxx X. Xxxxx
/s/ XXXXX XXXXX/XXXXX XXXXX
---------------------------------
Name: Xxxxx and Xxxxx Xxxxx, as
tenants in common
/s/ XXXX X. XXXXXX
---------------------------------
Name: Xxxx X. Xxxxxx
/s/ XXXXXX X. XXXXX/XXXX XXXXXXXXXXX XXXXX
----------------------------------------
Name: Xxxxxx X. and Xxxx Xxxxxxxxxxx Xxxxx,
as joint tenants with rights of
survivorship
/s/ XXXXXXX XXXXXXXXX
---------------------------------
Name: Xxxxxxx Xxxxxxxxx
/s/ XXXX XXXXXX
---------------------------------
Name: Xxxx Xxxxxx
5
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
/s/XXXXXX X. XXXXXXX
---------------------------------
Name: Xxxxxx X. Xxxxxxx
/s/XXXXXX XXXXXXXXX
---------------------------------
Name: Xxxxxx Xxxxxxxxx
/s/XXXXXX XXXXXXXXX
---------------------------------
Name: Xxxxxx Xxxxxxxxx
/s/XXXXX XXXXXX
---------------------------------
Name: Xxxxx Xxxxxx
/s/XXXXXXXX XXXXXX
---------------------------------
Name: Xxxxxxxx Xxxxxx
/s/XXXXXX X. XXXX
---------------------------------
Name: Xxxxxx X. Xxxx
/s/XXXX X. XXXXXXXXX
---------------------------------
Name: Xxxx X. Xxxxxxxxx
6
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
/s/XXXXX XXXXX
---------------------------------
Name: Xxxxx Xxxxx
/s/XXXX X. XXXXXX
---------------------------------
Name: Xxxx X. Xxxxxx
/s/XXXXX XXXXXX
---------------------------------
Name: Xxxxx Xxxxxx
/s/XXXXXXXX X. XXXXXX
---------------------------------
Name: Xxxxxxxx X. Xxxxxx
/s/XXX XXXX
---------------------------------
Name: Xxx Xxxx
/s/XXXXXX XxXXXX
---------------------------------
Name: Xxxxxx XxXxxx
/s/XXXXXX XXXXXXX
---------------------------------
Name: Xxxxxx Xxxxxxx
7
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
/s/XXXX XXXXXXX
---------------------------------
Name: Xxxx Xxxxxxx
/s/XXXXXX XXXXXX/XXXXXXXX XXXXXX
---------------------------------
Name: Xxxxxx and Xxxxxxxx Xxxxxx,
as joint tenants with rights
of survivorship
/s/XXXXXX XXXXX, JR.
---------------------------------
Name: Xxxxxx Xxxxx, Jr.
/s/XXX XXXXX
---------------------------------
Name: Xxx Xxxxx
/s/XXXXXX XXXXXXX
---------------------------------
Name: Xxxxxx Xxxxxxx
A.R.E. INVESTMENT PARTNERSHIP
By:/s/XXXXX XXXXXXX
---------------------------------
Name: Xxxxx Xxxxxxx
Title: Partner
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
XXXXXXX XXXXXXX ENTERPRISES
By:/s/XXXXX XXXXXXX
---------------------------------
Name: Xxxxx Xxxxxxx
Title: President
/s/XXXXX X. XXXXXXXXX
---------------------------------
Name: Xxxxx X. Xxxxxxxxx
XXXXX X. XXXXXXXXX FOR JOINT
ACCOUNT OF XXXXX X. XXXXXXXXX/
XXXX XXXXXXX AND XXXXXX XXXXXXX
By:/s/XXXXX X. XXXXXXXXX
---------------------------------
Name: Xxxxx X. Xxxxxxxxx
Title: Authorized Signatory
BASSOE RIG PARTNERS, LTD.
By:/s/XXXXXXXX X. XXXXXXXXX
---------------------------------
Name: Xxxxxxxx X. Xxxxxxxxx
Title: Vice President
9
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
/s/XXXXXXX XXXXXXXXX III/XXXXXXX XXXXXXXXX
---------------------------------
Name: Xxxxxxx and Xxxxxxx Xxxxxxxxx III,
as joint tenants with rights of
survivorship
/s/XXXX X. LOCKER
---------------------------------
Name: Xxxx X. Locker
BOSCHWITZ FAMILTY TRUST
By:/s/XXXXX X. XXXXXXXXX
---------------------------------
Name: Xxxxx X. Xxxxxxxxx
Title: Trustee
/s/ROME XXXXXX
---------------------------------
Name: Rome Xxxxxx
XXXX TRADING, INC.
By:/s/XXXXXXX X. XXXXXXX
---------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: President
/s/XXXXXX XXXXXXXXX
---------------------------------
Name: Xxxxxx Xxxxxxxxx
10
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
/s/XXXXXX X. GOLD
---------------------------------
Name: Xxxxxx X. Gold
/s/XXXXX X. XXXXX
---------------------------------
Name: Xxxxx X. Xxxxx
XXXXX XXXXXXX REVOCABLE TRUST,
DATED 11/3/89
By:/s/XXXXX XXXXXXX
---------------------------------
Name: Xxxxx Xxxxxxx
Title: Trustee
XXXXXXXXXXX-CLOSE INVESTMENT
PARTNERSHIP, LP
By:/s/XXXXXX X. XXXXXXXXXXX
---------------------------------
Name: Xxxxxx X. Xxxxxxxxxxx
Title: Managing Member
11
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
X. XXXXXXXXXXX INVESTMENT
PARTNERSHIP, L.P.
By:/s/XXXXXX X. XXXXXXXXXXX
---------------------------------
Name: Xxxxxx X. Xxxxxxxxxxx
Title: Managing Member
PIEROT ENTERPRISES, INC.
By:/s/XXXXXX X. XXXXXX, XX.
---------------------------------
Name: Xxxxxx X. Xxxxxx, Xx.
Title: President
XXXXXXXXXX FAMILY LTD. PARTNERSHIP
By:/s/XXXXX XXXXXXXXXX
---------------------------------
Name: Xxxxx Xxxxxxxxxx
Title: General Partner
/s/XXXXXXX X. XXXXX/XXXXX X. XXXXX
---------------------------------
Name: Xxxxxxx R and Xxxxx X. Xxxxx,
as joint tenants with rights
of survivorship
/s/XXXXXXX X. XxXXXXX/XXXXX X. XxXXXXX
---------------------------------
Name: Xxxxxxx X. and Xxxxx X. XxXxxxx,
as tenants in common
12
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
/s/XXXXXX X. XXXXXXXX
---------------------------------
Name: Xxxxxx X. Xxxxxxxx
/s/XXXXXX X. XXXX/XXXX X. XXXX
---------------------------------
Name: Xxxxxx X. and Xxxx X. Xxxx,
as tenants in common
/s/XXXXXX XXXXXXXX
---------------------------------
Name: Xxxxxx Xxxxxxxx
/s/XXXXXXX XXXXX
---------------------------------
Name: Xxxxxxx Xxxxx
/s/XXXXXXXXX XXXXX
---------------------------------
Name: Xxxxxxxxx Xxxxx
SOUTH STREET CAPITAL, L.P.
13
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
By SOUTH STREET INVESTMENTS, INC.,
as General Partner
By:/s/XXXXXXXXX X. XXXXXXX
---------------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Secretary
/s/XXXXXXX XXXXX
---------------------------------
Name: Xxxxxxx Xxxxx
XXXXXXXX FOREIGN PARTNERS L.P.
By XXXXXXXX PARTNERS, LLC, as
General Partner
By:/s/XXXXX X. XXXXXXXXX
---------------------------------
Name: Xxxxx X. Xxxxxxxxx
Title: Executive Vice President
XXXXXXXX PARTNERS L.P.
By XXXXXXXX PARTNERS, LLC, as
General Partner
By:/s/XXXXX X. XXXXXXXXX
---------------------------------
Name: Xxxxx X. Xxxxxxxxx
Title: Executive Vice President
14
[Signature page to Operating Agreement of
Xxxxxx Offshore LLC]
WINDCREST PARTNERS
By:/s/XXXXXX X. XXXXXXX
---------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: General Partner
WOODLAND PARTNERS
By:/s/XXXXX XXXXXXXXXX
---------------------------------
Name: Xxxxx Xxxxxxxxxx
Title: General Partner
/s/XXX XXXXXXXXX XX.
---------------------------------
Name: Xxx Xxxxxxxxx, by Xxx
Xxxxxxxxx Xx. as Attorney-
in-fact
15
