CONSULTANT AGREEMENTConsultant Agreement • November 5th, 2012 • Phi Inc • Air transportation, nonscheduled • Louisiana
THIS CONSULTANT AGREEMENT (the “Agreement”) is made and entered into by and between PHI, Inc., a Louisiana corporation, with offices at 2001 S.E. Evangeline Thruway, Lafayette, Louisiana 70508 (the “Company”) and Michael J. McCann, an individual having an address at 105 Berwick Circle, Lafayette, LA 70508, (the “Consultant”), to be effective the weekday date immediately following his retirement from PHI in 2012 (the “Effective Date”).
AGREEMENT, RELEASE AND WAIVER This Agreement, Release and Waiver (“Agreement”) is entered into by and between PHI, Inc. (“PHI”) And Michael J. McCann, Employee No. 1739 (“EMPLOYEE”)Severance Agreement • November 5th, 2012 • Phi Inc • Air transportation, nonscheduled • Louisiana
PHI and the EMPLOYEE mutually agree to a severance of the EMPLOYEE’s employment with PHI pursuant to and subject to the terms of this Agreement. You are advised to consult an attorney before signing this Agreement.
FIFTH AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENTLoan Agreement • November 5th, 2012 • Phi Inc • Air transportation, nonscheduled
This FIFTH AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT (the “Fifth Amendment”), dated and effective as of September 28, 2012 (the “Effective Date”), is by and among Whitney Bank, a Louisiana state chartered bank, (“Bank”), PHI Inc., formerly named Petroleum Helicopters, Inc. (hereinafter referred to as “PHI”), PHI Air Medical, L.L.C., successor to Air Evac Services, Inc., PHI Tech Services, Inc., formerly named Evangeline Airmotive, Inc., and International Helicopter Transport, Inc., (individually, collectively and interchangeably, the “Subsidiary Guarantors”).
