EQUITY COMMITMENT AGREEMENT AMONG PHI, INC. THE OTHER DEBTORS AND THE COMMITMENT PARTIES PARTY HERETO Dated as of July 11, 2019Equity Commitment Agreement • July 17th, 2019 • Phi Inc • Air transportation, nonscheduled • New York
THIS EQUITY COMMITMENT AGREEMENT (this “Agreement”), dated as of July 11, 2019, is made by and among PHI, Inc., a Louisiana corporation (including as debtor in possession and a reorganized debtor, as applicable, the “Company”), and each of the other Debtors (as defined below), on the one hand, and each Commitment Party (as defined below), on the other hand. The Company, the other Debtors and each Commitment Party is referred to herein, individually, as a “Party” and, collectively, as the “Parties”. Capitalized terms that are used but not otherwise defined in this Agreement shall have the meanings given to them in Section 1.1 hereof or, if not defined therein, shall have the meanings given to them in the Plan (as defined below).
