0000950123-11-095958 Sample Contracts

FORM OF PHI, INC. RESTRICTED STOCK UNIT AGREEMENT under the AMENDED AND RESTATED PETROLEUM HELICOPTERS, INC. 1995 INCENTIVE COMPENSATION PLAN
Restricted Stock Unit Agreement • November 7th, 2011 • Phi Inc • Air transportation, nonscheduled • Louisiana

This document (referred to below as the “Agreement” or the “Award Agreement”) spells out the terms and conditions of the Restricted Stock Units provided by PHI, Inc., a Louisiana corporation (the “Company”), to the individual employee designated above (the “Employee”) pursuant to the Amended and Restated Petroleum Helicopters, Inc. 1995 Incentive Compensation Plan (the “Plan”) on and as of the Award Date designated above. Except as otherwise defined herein, capitalized terms used in this Agreement have the respective meanings set forth in the Plan.

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FORM OF INDEMNITY AGREEMENT
Indemnification Agreement • November 7th, 2011 • Phi Inc • Air transportation, nonscheduled • Louisiana

In consideration of Indemnitee’s continued service after the date hereof, the Corporation and Indemnitee do hereby agree as follows:

THIRD AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT DATED AS OF MARCH 31, 2008
Loan Agreement • November 7th, 2011 • Phi Inc • Air transportation, nonscheduled

This Third Amendment to Amended and Restated Loan Agreement dated and effective as of September 26, 2011 (“Third Amendment”) is by and among PHI, Inc., formerly named Petroleum Helicopters, Inc. (“PHI”), PHI Air Medical, L.L.C., successor to Air Evac Services, Inc., PHI Tech Services, Inc., formerly named Evangeline Airmotive, Inc., International Helicopter Transport, Inc., (individually, collectively and interchangeably, the “Subsidiary Guarantors”), and Whitney Bank (“Bank”).

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