CHARGE OVER SHARESCharge Over Shares • February 7th, 2005 • Offshore Logistics INC
THIS CHARGE is dated the 26th day of August, 2004 (“Charge”) and made between (1) Secunda Global Marine Incorporated a Company registered and incorporated in accordance with the Laws of Barbados and whose registered office is situate at Suite 102 Warrens Court, Warrens, in the parish of Saint Michael in the Island of Barbados (hereinafter called “the Chargor”) and (2) Wilmington Trust Company of (hereinafter called “the Collateral Agent”) not in its individual capacity but solely as Collateral Agent under a Collateral Agency Agreement, dated the 26th day of August, 2004, (“the Collateral Agency Agreement”) and made between Secunda International Limited (hereinafter called “the Borrower”) and certain of its subsidiaries, Fortis Capital Corp. (hereinafter called “the Agent”) in its capacity as Agent for the benefit of the Lenders (defined below) (hereinafter called “the Lenders”) and Wells Fargo Bank, National Association (hereinafter called “the Trustee”) in its capacity as Trustee for
