<SEC-DOCUMENT>0000866829-13-000006.txt : 20130212
<SEC-HEADER>0000866829-13-000006.hdr.sgml : 20130212
<ACCEPTANCE-DATETIME>20130212161629
ACCESSION NUMBER:		0000866829-13-000006
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20130212
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130212
DATE AS OF CHANGE:		20130212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HELIX ENERGY SOLUTIONS GROUP INC
		CENTRAL INDEX KEY:			0000866829
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				953409686
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32936
		FILM NUMBER:		13597398

	BUSINESS ADDRESS:	
		STREET 1:		400 N SAM HOUSTON PKWY E
		STREET 2:		SUITE 400
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77060
		BUSINESS PHONE:		2816180400

	MAIL ADDRESS:	
		STREET 1:		400 N SAM HOUSTON PKWY E
		STREET 2:		SUITE 400
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77060

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAL DIVE INTERNATIONAL INC
		DATE OF NAME CHANGE:	19960821
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
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<DESCRIPTION>HELIX ENERGY SOLUTIONS GROUP, INC FORM 8-K 2-12-13
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 18pt; FONT-WEIGHT: bold">UNITED STATES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 18pt; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE COMMISSION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 18pt; FONT-WEIGHT: bold">Washington, D.C. 20549</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 18pt; FONT-WEIGHT: bold">CURRENT REPORT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">Pursuant to Section 13 OR 15(d) of</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">The Securities Exchange Act of 1934</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="FONT-WEIGHT: bold">February 12, 2013</font> (February 6, 2013)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Date of Report (Date of earliest event reported)</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">(Exact name of registrant as specified in its charter)</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">(State or other jurisdiction</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">of incorporation)</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Check the appropriate box below if the&#160;Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Amendment No. 2 to Equity Purchase Agreement</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">On February 6, 2013, Helix Energy Solutions Group, Inc., a Minnesota corporation (&#8220;Helix&#8221;) and Talos Production LLC, a Delaware limited liability company (&#8220;Talos&#8221;) entered into Amendment No. 2 (the &#8220;Amendment&#8221;) to the Equity Purchase Agreement dated December 13, 2012 between Helix and Talos, as amended by Amendment No. 1 to the Purchase Agreement by and between Helix and Talos dated January 27, 2013 (as amended, the &#8220;Purchase Agreement&#8221;).&#160;&#160;Pursuant to the Purchase Agreement, Helix agreed to sell and Talos agreed to purchase the outstanding interest in Energy Resource Technology GOM, LLC, a Delaware limited liability corporation (&#8220;ERT&#8221;), representing Helix&#8217;s oil and gas exploration business in the Gulf of Mexico.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The Amendment amends the Purchase Agreement to specify the bonding amounts and procedures required to be undertaken by Talos in order to obtain a complete release of Helix&#8217;s financial guarantee&#160;to the Bureau of Ocean Energy Management with respect to ERT&#8217;s lease obligations.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The foregoing description of the Amendment is qualified by reference in its entirety to a copy of the Amendment, which is filed herewith as an exhibit and incorporated herein by reference.</font></div>

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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Amendment No. 2 to Equity Purchase Agreement dated February 6, 2013, between Helix Energy Solutions Group, Inc. and Talos Production LLC.</font></div>
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<td valign="top" width="36%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Executive Vice President and Chief Financial Officer</font></td>
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<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Date:&#160; February 12, 2013</font></td>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Amendment No. 2 to Equity Purchase Agreement dated February 6, 2013, between Helix Energy Solutions Group, Inc. and Talos Production LLC.</font></div>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>exh10-1.htm
<DESCRIPTION>AMENDMENT NO. 2 TO EQUITY PURCHASE AGREEMENT
<TEXT>
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<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">EXHIBIT 10.1</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">AMENDMENT NO. 2 TO EQUITY PURCHASE AGREEMENT</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">THIS AMENDMENT NO. 2 TO EQUITY PURCHASE AGREEMENT (this &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Amendment</font>&#8221;), dated as of February 6, 2013, is entered into by and between<font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt"> Helix Energy Solutions Group, Inc</font>., a Minnesota corporation (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Seller</font>&#8221;), and <font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Talos Production LLC</font>, a Delaware limited liability company (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Buyer</font>&#8221;).</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">WHEREAS</font>, the Parties entered into that certain Equity Purchase Agreement, dated as of December 13, 2012, which was amended by that certain Amendment No. 1 to Equity Purchase Agreement, dated as of January 27, 2013 (as amended, the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Purchase Agreement</font>&#8221;);</font></font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">WHEREAS</font>, the Parties desire to further amend the Purchase Agreement in certain respects as more specifically set forth below; and</font></font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">WHEREAS</font>, capitalized terms not defined herein shall have the meanings given to them in the Purchase Agreement.</font></font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">NOW, THEREFORE</font>, in consideration of the agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:</font></font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">Amendments</font>.&#160;&#160;The Parties agree that the Purchase Agreement is hereby amended as follows:</font></div>

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<div style="TEXT-INDENT: 72pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(a)</font><font id="TAB2" style="FONT-FAMILY: Arial; LETTER-SPACING: 9pt; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The first paragraph of <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Section 8.13(a)</font> is hereby amended and restated in its entirety as follows:</font></font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#8220;(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Buyer and Seller agree to work jointly together to obtain from BOEM the amount of a bond or bonds required to obtain from BOEM a full release of Seller from its financial guarantee to BOEM with respect to the obligations of the Acquired Companies.&#160;&#160;With respect to the Shelf Properties, Buyer shall provide a bond or bonds to BOEM in the aggregate amount of $86,945,000 at or prior to Closing, and subsequent to Closing, Buyer shall take all actions required by BOEM (or reasonable action requested by Seller) to obtain a complete release of Seller&#8217;s financial guarantee to BOEM with respect to the Shelf Properties, including without limitation, providing a supplemental bond or bonds to BOEM in amounts sufficient to secure all lease obligations as specified or estimated by BOEM as soon as reasonably practicable following such specification or estimation, but in no event later than thirty (30) days thereafter.&#160;&#160;With respect to the Deep Water Properties, Buyer shall provide a bond or bonds to BOEM in the aggregate amount of $7,600,000 at or prior to Closing to guarantee the lease obligations of the Acquired Companies, and subsequent to Closing, Buyer shall take all actions required by BOEM (or reasonable action requested by Seller) to obtain a complete release of Seller&#8217;s financial guarantee to BOEM with respect to the Deep Water Properties, including without limitation, providing a supplemental bond or bonds to BOEM in amounts sufficient to secure all lease obligations as specified or estimated by BOEM promptly, but in any event within eighty (80) days after the Closing, unless extended by mutual agreement of Buyer and Seller, or if such specification or estimation from BOEM is not available by such date, Buyer shall provide such supplemental bond or bonds to BOEM as soon as reasonably practicable following such specification or estimation, but in no event later than thirty (30) days thereafter.&#160;&#160;In addition, </font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Buyer shall not, and shall cause the Acquired Companies not to, drill any additional new wells until the earlier of (i) six (6) months following the Closing or (ii) the release of Seller&#8217;s financial guarantee to BOEM; provided, that this restriction shall not apply to the Shelf Properties at such time as the Seller&#8217;s financial guarantee to BOEM is released with respect to the Shelf Properties.&#160;&#160;Notwithstanding the foregoing, Buyer shall be permitted to engage in recompletions and workovers on existing wells.&#160;&#160;Until such time as Seller&#8217;s financial guarantee is released by BOEM, Buyer shall use commercially reasonable efforts to ensure BOEM seeks any damages first against the bonds provided by Buyer to BOEM pursuant to this Section 8.13(a) prior to the guarantee by Seller, provided, that any rights that Buyer may have to indemnification pursuant to Section 13.2 shall not be prejudiced or affected thereby.&#160;&#160;In furtherance hereof and in addition to the foregoing, Buyer shall submit or cause to be submitted to BOEM the form(s) necessary to accomplish the foregoing, including Form BOEM-2028A attached hereto as <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">Exhibit 8.13(a)</font> with the second box checked as reflected on such exhibit.&#8221;</font></div>

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<div style="TEXT-INDENT: 72pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(b)</font><font id="TAB2" style="FONT-FAMILY: Arial; LETTER-SPACING: 9pt; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Schedule&#160;4.2(ff)</font> is hereby amended to add the disclosure set forth in <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Exhibit A</font> to this Amendment.</font></font></div>

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<div style="TEXT-INDENT: 72pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(c)</font><font id="TAB2" style="FONT-FAMILY: Arial; LETTER-SPACING: 9pt; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Schedule&#160;8.4(i)</font> is hereby amended to add the disclosure set forth in <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Exhibit B</font> to this Amendment.</font></font></div>

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<div style="TEXT-INDENT: 72pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(e)</font><font id="TAB2" style="FONT-FAMILY: Arial; LETTER-SPACING: 9pt; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Schedule&#160;8.13(c)</font>&#160;is hereby amended and restated in its entirety as set forth in <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Exhibit D</font> to this Amendment.</font></font></div>

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<div style="TEXT-INDENT: 72pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(f)</font><font id="TAB2" style="FONT-FAMILY: Arial; LETTER-SPACING: 9pt; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The Helix Producer I Lease Agreement attached as <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Exhibit 10.2(c)</font> to the Purchase Agreement is hereby amended and restated in its entirety as set forth in <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Exhibit&#160;E</font> to this Amendment.</font></font></div>

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