<SEC-DOCUMENT>0000866829-15-000004.txt : 20150106
<SEC-HEADER>0000866829-15-000004.hdr.sgml : 20150106
<ACCEPTANCE-DATETIME>20150106085943
ACCESSION NUMBER:		0000866829-15-000004
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150106
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150106
DATE AS OF CHANGE:		20150106

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:		15508206

	BUSINESS ADDRESS:	
		STREET 1:		3505 W SAM HOUSTON NORTH
		STREET 2:		SUITE 400
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77043
		BUSINESS PHONE:		281-618-0400

	MAIL ADDRESS:	
		STREET 1:		3505 W SAM HOUSTON NORTH
		STREET 2:		SUITE 400
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77043

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAL DIVE INTERNATIONAL INC
		DATE OF NAME CHANGE:	19960821
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8-k1615.htm
<DESCRIPTION>HELIX ENERGY SOLUTIONS GROUP, INC FORM 8-K DATED 1-6-15
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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>

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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-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">Date of Report </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(Date of earliest event reported):</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold"> January 6, 2015 (January 5, 2015)</font></font></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; FONT-WEIGHT: bold">Item 1.01 Entry into a Material Definitive Agreement.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">On January 5, 2015, Helix Energy Solutions Group, Inc. (&#8220;Helix&#8221;), OneSubsea LLC, OneSubsea B.V., Schlumberger Technology Corporation, Schlumberger B.V. and Schlumberger Oilfield Holdings Ltd. (collectively, the &#8220;Parties&#8221;) entered into a Strategic Alliance Agreement (the &#8220;Alliance Agreement&#8221;) and related agreements for the Parties&#8217; strategic alliance to design, develop, manufacture, promote, market and sell on a global basis integrated equipment and services for subsea well intervention systems.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Under the terms of the Alliance Agreement,</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Helix will provide to the other Parties well intervention vessels and ROVs owned or chartered by Helix (collectively, &#8220;Helix Alliance Assets&#8221;), to the extent they are not Unavailable (as defined in the Alliance Agreement), and operating and maintenance personnel for Helix Alliance Assets and Alliance Well Access Packages (as defined below).</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">OneSubsea will provide engineering and manufacturing of new subsea well access packages to be designed, engineered, developed and owned jointly with Helix for use in subsea well intervention operations (&#8220;Alliance Well Access Packages&#8221;), and will provide to the other Parties operating and maintenance personnel, services and support for the Alliance Well Access Packages.</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Helix and OneSubsea will provide to the other Parties Alliance Well Access Packages, to the extent the same are not Unavailable.</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Schlumberger will provide to the other Parties well intervention services (the &#8220;Schlumberger Well Intervention Services&#8221;) consisting of coiled tubing, coiled tubing conveyed services, cased-hole wireline, mechanical wireline services, slickline and digital slickline conveyed services, and associated in-well services and operating personnel support.</font></div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Subject to certain exceptions, the Parties will exclusively use the Helix Alliance Assets, Alliance Well Access Packages and Schlumberger Well Intervention Services, and will not enter into any other similar strategic alliance, partnership or other similar business arrangement with any other party for the joint design, development, manufacturing, promotion, operation, maintenance, and/or marketing of integrated subsea well intervention systems during the term of the Alliance Agreement.</font></div>

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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>exh10-1.htm
<DESCRIPTION>STRATEGIC ALLIANCE AGREEMENT
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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>

<div>&#160;</div>

<div>&#160;</div>

<div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</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">among</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</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">and</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</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">and</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</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">January 5, 2015</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

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<td colspan="2" width="3%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-WEIGHT: bold">ARTICLE 1</font> DEFINITIONS<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></td>
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<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 1.1<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160; <font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Definitions.</font></font></td>
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<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 1.2<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Other Definitional Provisions.</font></font></td>
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<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-WEIGHT: bold">ARTICLE 2</font> ALLIANCE<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></td>
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</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 2.1<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Formation.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;11</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 2.2<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Alliance Activities.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;11</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 2.3<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Goods and Services to be Provided by Helix.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;11</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 2.4<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Goods and Services to be Provided by OneSubsea.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;12</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 2.5<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Goods and Services to be Provided Jointly by Helix and OneSubsea.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;12</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 2.6<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Goods and Services to be Provided by Schlumberger.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;13</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 2.7<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Exclusivity Among the Parties.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;13</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 2.8<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Joint Marketing Program; Costs and Expenses.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;17</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-WEIGHT: bold">ARTICLE 3</font> GOVERNANCE OF THE ALLIANCE<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;17</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 3.1<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">No Commitment.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;17</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 3.2<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Governance Board.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;17</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 3.3<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Alliance Director.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;18</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 3.4<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Operating Committee.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;18</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-WEIGHT: bold">ARTICLE 4</font> PROVISION OF ADDITIONAL EQUIPMENT, SUPPLIES, CREW AND PERSONNEL<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;19</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 4.1<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Provision of Additional Equipment.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;19</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 4.2<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Crew.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;19</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 4.3<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Quality Control; Maintenance and Repairs.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;19</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 4.4<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Right to Supervise and Replace Personnel; Multiskilling.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;19</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 4.5<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Additional Responsibilities of the Parties.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;19</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-WEIGHT: bold">ARTICLE 5</font> COMPENSATION<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;20</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 5.1<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">General.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;20</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 5.2<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Allocation of Revenue.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;20</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-WEIGHT: bold">ARTICLE 6</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt"> TAXES</font><font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;<font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">21</font></font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 6.1<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Taxes.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;21</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 6.2<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Reporting.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;21</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">ARTICLE 7</font> EXCLUSIVE RIGHTS<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;21</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 7.1<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Noncompetition.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;<font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">21</font></font></td>
</tr></table>
</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
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<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">i</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="center">
<table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 7.2<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Limitation on Noncompetition.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;21</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-WEIGHT: bold">ARTICLE 8</font> CONFIDENTIALITY<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;22</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 8.1<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">General.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;22</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 8.2<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Confidential Treatment.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;22</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 8.3<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Period in Effect.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;22</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-WEIGHT: bold">ARTICLE 9</font> TRANSFER AND LICENSING OF TECHNOLOGY<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;22</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 9.1<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Provision of Technology.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;22</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 9.2<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Improvements, Modifications and Derivative Work.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;23</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 9.3<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Patents and Inventions.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;23</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 9.4<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Acknowledgment of Intellectual Property Rights.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;24</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 9.5<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Licensing.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;25</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 9.6<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Compliance with Licensing.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;25</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 9.7<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Other Governmental Approvals.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;25</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">ARTICLE 10</font> LIABILITIES AND INDEMNIFICATION<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;25</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 10.1<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">INDEMNIFICATION.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;25</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 10.2<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">No Consequential Damages.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;26</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 10.3<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Claims for Reimbursement.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;26</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 10.4<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Defense of Third Party Claims.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;27</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 10.5<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Settlement of Third Party Claims.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;27</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 10.6<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Cooperation</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;27</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">ARTICLE 11</font> REPRESENTATIONS AND WARRANTIES<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;28</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 11.1<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Representations and Warranties of Helix.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;28</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 11.2<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Representations and Warranties of OneSubsea.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;28</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 11.3<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Representations and Warranties of Schlumberger.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;30</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">ARTICLE 12</font> TERM OF AGREEMENT<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;32</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 12.1<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Commencement of Agreement.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;32</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 12.2<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Termination.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;32</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 12.3<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Extension of Term.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;33</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 12.4<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Effect of Termination.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;33</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">ARTICLE 13</font> DISPUTE RESOLUTION<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;33</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 13.1<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Expert Mediation.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;33</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 13.2<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Continuing Disputes.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;34</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 13.3<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Arbitration Tribunal.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;34</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 13.4<font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Procedures for Arbitration.</font></font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;34</font></td>
</tr></table>
</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
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<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
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<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">ii</font></div>

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<hr style="COLOR: black" noshade size="2">
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<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="center">
<table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 13.5<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Consent to Jurisdiction.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;35</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 13.6<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">No Other Actions.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;35</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 13.7<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">No Suspension of Obligations.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;35</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td colspan="2" width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-WEIGHT: bold">ARTICLE 14</font> MISCELLANEOUS<font id="TAB2" style="LETTER-SPACING: 3pt; FONT-FAMILY: arial; FONT-SIZE: 14pt"> </font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;35</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.1<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Notices.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;35</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.2<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Severability.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;36</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.3<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Entire Agreement; Amendments.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;37</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.4<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Waiver of Rights.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;37</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.5<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Binding Effect.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;37</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.6<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Parties Not a Partnership or Legal Entity.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;37</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.7<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Assignment.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;37</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.8<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Publicity.</font></font></td>
<td width="4%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;38</font></td>
</tr><tr bgcolor="white">
<td width="2%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
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<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.9<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Compliance by Affiliates.</font></font></td>
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<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.11&#160;&#160;&#160;&#160;&#160;&#160; <font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Good Faith and Fair Dealing.</font></font></td>
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<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.13&#160;&#160;&#160;&#160;&#160;&#160; <font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Construction of Ambiguity.</font></font></td>
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<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.14&#160;&#160;&#160;&#160;&#160;&#160; <font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Expenses.</font></font></td>
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<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.15&#160;&#160;&#160;&#160;&#160;&#160; <font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Prohibited Payments.</font></font></td>
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<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.16&#160;&#160;&#160;&#160;&#160;&#160; <font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Choice of Law.</font></font></font></td>
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<td width="94%"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt"><font style="FONT-FAMILY: arial; FONT-SIZE: 14pt">Section 14.17&#160;&#160;&#160;&#160;&#160;&#160; <font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Counterparts.</font></font></font></td>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Schedule 2.3(a)(i)</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">STRATEGIC ALLIANCE 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 Strategic Alliance Agreement (this &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Agreement</font>&#8221;) is executed effective January 5, 2015 (the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Effective Date</font>&#8221;), by and among OneSubsea LLC, a limited liability company organized under the laws of the State of Delaware (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">OneSubsea US</font>&#8221;), OneSubsea B.V., a Netherlands private company with limited liability (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">OneSubsea BV</font>&#8221;), Helix Energy Solutions Group, Inc., a corporation organized under the laws of Minnesota (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Helix</font>&#8221;), Schlumberger Technology Corporation, a corporation organized under the laws of Texas (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">STC</font>&#8221;), Schlumberger B.V., a limited liability company organized under the laws of the Netherlands (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">SLBV</font>&#8221;), and Schlumberger Oilfield Holdings Limited, a Business Company of the British Virgin Islands (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">SOHL</font>&#8221;).&#160;&#160;OneSubsea US and OneSubsea BV are parties to this Agreement only in connection with their individual respective businesses/holdings and shall be individually or collectively referred to hereafter as &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">OneSubsea</font>&#8221; as the context of the reference requires.&#160;&#160;STC, SLBV and SOHL are parties to this Agreement only in connection with their individual respective businesses/holdings and shall be individually or collectively referred to hereafter as &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Schlumberger</font>&#8221; as the context of the reference requires.&#160;&#160;Each of OneSubsea, Helix, and Schlumberger may be referred to in this Agreement individually as a &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Party</font>&#8221; and collectively as the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Parties</font>&#8221;.</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="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Recitals</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">WHEREAS, OneSubsea has significant experience in designing, engineering, manufacturing, assembling, operating and maintaining subsea well access packages, consisting of among other things lower riser packages, emergency disconnect packages, open water wireline dynamic seals, and high pressure riser systems, specialty joints and ancillary components for use in subsea well intervention operations (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Well Access Packages</font>&#8221;); and</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">WHEREAS, Helix has significant experience in providing well intervention vessels, remotely operated vehicles (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">ROVs</font>&#8221;), design expertise, know-how and vessel and ROV operating and maintenance personnel, as well as experience in designing, engineering, assembling, operating and maintaining Well Access Packages; and</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<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">WHEREAS, Schlumberger has significant experience in providing well intervention services, including coiled tubing, coiled tubing conveyed services, cased-hole wireline, mechanical wireline services, slickline, digital slickline conveyed services, and the like, along with in-well services operating and maintenance personnel; and</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<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">WHEREAS, the Parties desire to combine their efforts in a strategic alliance to design, develop, manufacture, promote, market and provide to customers on a global basis competent, cost-effective and technologically advanced integrated subsea well intervention non-rig vessel-based packages, including in-well technology, robotics and services and other related and complementary services, and believe that combining their efforts in the manner set forth in this Agreement is the best way to achieve same;</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">NOW, THEREFORE, in consideration of their mutual promises, covenants and agreements set forth in this Agreement, the Parties hereby agree as follows:</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 1.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Definitions</font>.</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">The following terms shall, when used herein, have the following meanings, with each such definition to be equally applicable both to the singular and the plural forms of the term so defined.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Affiliate</font>&#8221; of a Party means (i)&#160;any Person directly or indirectly controlled by such Party and (ii)&#160;any director or officer of such Party or of any Person referred to in clause (i).&#160;&#160;For purposes of this definition, &#8220;control&#8221; of a Person includes (a)&#160;with respect to any corporation or other Person having voting shares or the equivalent and elected directors, managers or Persons performing similar functions, the ownership of, or power to vote, directly or indirectly, shares or the equivalent representing fifty percent (50%) or more of the power to vote in the election of directors, managers or Persons performing similar functions, (b)&#160;ownership of fifty percent (50%) or more of the equity or beneficial interest in any other entity or (c)&#160;the ability to direct the business and affairs of any Person by acting as a general partner, manager or otherwise.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Alliance</font>&#8221; has the meaning set forth in Section&#160;2.1.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Alliance Activity</font>&#8221; has the meaning set forth in Section&#160;2.2.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Alliance Well Access Packages</font>&#8221; has the meaning set forth in Section&#160;2.4.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Anti-Corruption Laws</font>&#8221; shall mean all Laws relating to anti-bribery or anti-corruption (governmental or commercial) that may apply to Alliance Activities, including Laws that prohibit the payment, offer, promise or authorization of the payment or transfer of anything of value (including gifts or entertainment), directly or indirectly, to any government official, government employee or commercial entity to obtain a business advantage, the U.S. Foreign Corrupt Practices Act of 1977, as amended from time to time, the U.K. Bribery Act 2010, and all other Laws that may apply to the Alliance Activities enacted to implement the OECD Convention on Combating Bribery of Foreign Officials in International Business Transactions.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Background Intellectual Property</font>&#8221; has the meaning set forth in Section&#160;9.1.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Capital Stock</font>&#8221; means (i)&#160;with respect to any Person that is a corporation, any and all shares, interests, participations or other equivalents (however designated and whether or not voting) of corporate stock, including each class of common stock and preferred stock of such Person, and (ii)&#160;with respect to any Person that is not a corporation, any and all partnership, membership or other equity interests of such Person.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Change of Control</font>&#8221; with respect to a Party means the occurrence of one or more of the following events:</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of such Party to any Person or Persons acting together, other than to an Affiliate of such Party or a Person owning fifty percent (50%) or more of a Party as of the Effective Date;</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the approval by the holders of the Capital Stock of such Party of any plan or proposal for the liquidation or dissolution of such Party; or</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;any Person or Persons acting together (excluding with respect to OneSubsea, Cameron International Corporation and/or Schlumberger Limited or their affiliates) becoming the legal or beneficial owner of securities or other interests representing at least a majority of the aggregate voting power represented by the Capital Stock of such Party.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Confidential Information</font>&#8221; means any and all technical, operational, business, financial or other information of a Party which is directly or indirectly and in whatever form (including without limitation written, oral, electronic and any other forms) disclosed by such Party or its representatives to another Party or its Representatives, including any and all Intellectual Property and trade secrets concerning the business or affairs of the disclosing Party, product specification, data, know-how, formulae, compositions, processes, designs, sketches, photographs, graphs, drawings, samples, inventions and ideas, past, current, and planned research and development, current and planned manufacturing or distribution methods and processes, customer lists, current and anticipated customer requirements, price lists, market studies, business plans, computer software and database technologies, systems, structures and architectures (and related processes, formulae, composition, improvements, devices, know-how, inventions, discoveries, concepts, ideas, designs, methods and information), and any other information, however documented, that is a trade secret within the meaning of applicable Law.&#160;&#160;The terms of the Confidential Memorandum shall expressly constitute Confidential Information.&#160;&#160;&#8220;Confidential Information&#8221; shall not include any information which (i)&#160;the receiving Party can demonstrate is at the time of disclosure in the public domain, (ii)&#160;after disclosure becomes part of the public domain through no fault of the receiving Party or any of its Affiliates or any person to whom Confidential Information was disclosed, (iii)&#160;is at the time of disclosure legally in the possession of the receiving Party or any of its Affiliates without any obligation of confidentiality with respect thereto, as evidenced by its written records, prior to receipt thereof from the disclosing Party, (iv)&#160;is disclosed to the receiving Party or any of its Affiliates by a person or entity who or which to the receiving Party&#8217;s actual knowledge after due inquiry has the right to make such disclosure and to the receiving Party&#8217;s actual knowledge after due inquiry is not under any obligation of confidentiality with respect thereto, or (v)&#160;the receiving Party can demonstrate is independently developed by such receiving Party (or its Affiliates) without reliance on or reference to such Confidential Information.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Confidential Memorandum</font>&#8221; means the Confidential Memorandum, dated of even date herewith, executed by and among the Parties.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Direct Litigation Option</font>&#8221; has the meaning set forth in Section&#160;10.4.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Disclosing Party</font>&#8221; has the meaning set forth in Section&#160;10.1.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Effective Date</font>&#8221; has the meaning set forth in the Preamble.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">EPC</font>&#8221; means engineering, procurement and construction.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Event of Force Majeure</font>&#8221; means war, act of terrorism, insurrection, riot, civil commotion, strikes, unavailability of essential supplies, breakdown of essential equipment through no fault of such Party, governmental action or inaction, or change in applicable Law which materially precludes or frustrates the purposes of this Agreement or the transactions contemplated hereby, or any catastrophic act of nature (including without limitation storm, flood, fire or earthquake), which the Parties cannot reasonably prevent or foresee; <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">provided</font>, however, that an affected Party shall be required to seek diligently to overcome the effects of any such Event of Force Majeure.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Foreground Intellectual Property</font>&#8221; has the meaning set forth in Section&#160;9.2.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">GAAP</font>&#8221; shall mean U.S. generally accepted accounting principles, as recognized by the U.S. Financial Accounting Standards Board (or any generally recognized successor).</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Governance Board</font>&#8221; has the meaning set forth in Section&#160;3.2.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Governmental Authority</font>&#8221; means any federal, state, local or foreign government or political subdivision thereof, or any agency or instrumentality of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory authority or quasi-governmental authority (to the extent that the rules, regulations or orders of such organization or authority have the force of Law), or any arbitrator, court or tribunal of competent jurisdiction.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Helix</font>&#8221; has the meaning set forth in the Preamble.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Helix Alliance Assets</font>&#8221; has the meaning set forth in Section&#160;2.3(a)(i).</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Helix Business</font>&#8221; means the provision of services to the offshore energy industry, including well intervention and access, and robotics operations.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Helix Existing Well Access Packages</font>&#8221; means Well Access Packages which, as of the Effective Date, are (a)&#160;owned by Helix, and/or (b)&#160;being assembled by Helix.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Indemnified Party</font>&#8221; has the meaning set forth in Section&#160;10.3.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Indemnifying Party</font>&#8221; has the meaning set forth in Section&#160;10.3.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Intellectual Property</font>&#8221; means all intellectual property and other proprietary rights in any jurisdiction including such rights in and to all (i) patents, patent applications, patent disclosures, and all related continuations, continuations-in-part, divisionals, reissues, re-examinations, substitutions, and extensions and foreign equivalents thereof, (ii) trade secrets and all other confidential or proprietary information, know-how, inventions, data, discoveries, processes, formulae, models, methodologies, and materials, (iii) software, copyrights and copyrightable</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">subject matter and (iv) designs, drawings, computer programs, flow charts, algorithms, manufacturing methods, processes, data processing techniques, manuals.</font></font></div>

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<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Investigation Period</font>&#8221; has the meaning set forth in Section&#160;10.3.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Irrevocable Material Dispute</font>&#8221; means a disagreement among the Parties with respect to this Agreement and/or the operation hereof that is so profound so as to frustrate the purpose of forming a contractual alliance among the Parties and entering into this 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">&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">JEMA</font>&#8221; means the Joint Engineering and Manufacturing Agreement, dated of even date herewith, executed by and among Helix, OneSubsea US and OneSubsea BV.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Licensee</font>&#8221; has the meaning set forth in Section&#160;9.3(b).</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Licensor</font>&#8221; has the meaning set forth in Section&#160;9.3(b).</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Notifying Party</font>&#8221; has the meaning set forth in Section&#160;2.7(f)(i).</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">OneSubsea</font>&#8221; has the meaning set forth in the Preamble.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">OneSubsea Business</font>&#8221; means (a)&#160;the development (including research), design, engineering, manufacturing, marketing, sale and servicing of products and services, installed or provided on the seabed or between the seabed and any platform or vessel on the surface, and which are associated with the control, handling, delivery, pumping, compression and processing of hydrocarbons and associated well fluids between the seabed and submerged processing and production facilities, (b)&#160;the provision, marketing and sale of consulting services aimed at assisting the customer to minimize any impediments associated with flow lines and umbilicals or other equipment on the seabed or between the seabed and the surface and to improve reservoir recovery rates, (c)&#160;the provision, marketing, sale and servicing of products and services that allow for the intervention of subsea wells that cannot be accessed at the surface, including the use and procurement of vessels to assist in such intervention services and the design, engineering, manufacturing, assembly, operation and maintenance of Well Access Packages; and (d)&#160;(i)&#160;the provision, marketing, sale and servicing of products and services associated with measuring (excluding wellbore measurements) certain characteristics and parameters of said hydrocarbons, associated well fluids and the environment and (ii)&#160;subsea metering and surveillance.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">OneSubsea BV</font>&#8221; has the meaning set forth in the Preamble.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">OneSubsea </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Existing Well Access Packages</font>&#8221; means Well Access Packages which, as of the Effective Date, are (a)&#160;owned by OneSubsea, and/or (b)&#160;being manufactured by OneSubsea.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">OneSubsea US</font>&#8221; has the meaning set forth in the Preamble.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Operating Committee</font>&#8221; has the meaning set forth in Section&#160;3.4.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Party</font>&#8221; has the meaning set forth in the Preamble.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Person</font>&#8221; means a natural person, corporation, limited liability company, partnership, trust, estate, unincorporated organization, association or other entity.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Potential Alliance Activity</font>&#8221; has the meaning set forth in Section&#160;2.7(f)(i).</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Prohibited Payment</font>&#8221; means an offer, gift or payment, or authorization of promise of an offer, gift or payment, of any money or any other thing of value to or for the benefit of any third party (including any official or employee of any Governmental Authority or any person acting in an official capacity on behalf of such Governmental Authority, or any political party or official of any political party, or any candidate for political office) for the purpose of influencing any act or decision of such person (or party, as applicable), or inducing such person or party to use his or its influence to affect or influence any act or decision, in order to assist any Party in obtaining or retaining business for or with, or directing business to, any person or entity in connection with or in any way related to the Alliance.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Proscribed Activity</font>&#8221; has the meaning set forth in Section&#160;7.1.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Receiving Party</font>&#8221; has the meaning set forth in Section&#160;10.1.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Related Party</font>&#8221; means, with respect to a Party, such Party&#8217;s Affiliates, and its and their respective shareholders, directors, officers, employees, attorneys, agents and other representatives.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Revenue</font>&#8221; means gross revenue received from the conduct of an Alliance Activity, less (i)&#160;any applicable withholding taxes (with receipt therefor) or other indirect Taxes, and (ii)&#160;any transfer charges and exchange fees which may be incurred in transferring or exchanging such funds.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">ROV</font>&#8221; has the meaning set forth in the Recitals.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Schlumberger</font>&#8221; has the meaning set forth in the Preamble.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Schlumberger Business</font>&#8221; means formation evaluation products and services, such as wireline logging, logging while drilling, seismic acquisition and related data processing; drilling products and services, such as drill bits, drilling tools and directional drilling services; well products and services, such as hydraulic fracturing, well cementing, coiled tubing, slickline, stimulation and sand control; well completion products and services including well testing, artificial lift, and completion hardware; associated interpretation and consulting services and software; and integrated project management.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Schlumberger Well Intervention Services</font>&#8221; has the meaning set forth in Section&#160;2.6.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">SLBV</font>&#8221; has the meaning set forth in the Preamble.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">SOHL</font>&#8221; has the meaning set forth in the Preamble.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">STC</font>&#8221; has the meaning set forth in the Preamble.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Subsea Well Intervention Systems</font>&#8221; has the meaning set forth in Section&#160;2.1.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Taxes</font>&#8221; means liabilities or claims for any value added taxes, income taxes, sale taxes, property taxes, stamp taxes, document taxes, road taxes, housing taxes, source tax, surtaxes, surcharges or any other taxes or governmental charges that any Governmental Authority claiming jurisdiction over this Agreement may impose, assess or levy against a Party on account of or resulting from such Party&#8217;s execution of or performance under this 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">&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Third Party Claim</font>&#8221; has the meaning set forth in Section&#160;10.3.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Unavailable</font>&#8221; means:</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; with respect to Helix Alliance Assets, that Helix in good faith determines that such Helix Alliance Asset is not available for a proposed Alliance Activity during the stated time frame of such proposed Alliance Activity, which bona fide reasons for such unavailability include that the Helix Alliance Asset is then under contract or that Helix is considering a contract, tender, bid or project for such Helix Alliance Asset that could conflict with such Alliance Activity, or an Event of Force Majeure which would preclude such Helix Alliance Asset from being available;</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;with respect to Alliance Well Access Packages, that Helix and OneSubsea in good faith together determine that such Alliance Well Access Package is not available for a proposed Alliance Activity during the stated time frame of such proposed Alliance Activity, which bona fide reasons for such unavailability include that the Alliance Well Access Package is then under contract, or that Helix and OneSubsea are considering a sale, lease, contract, tender, bid or project for such Alliance Well Access Package that could conflict with such Alliance Activity, or an Event of Force Majeure which would preclude such Alliance Well Access Package from being available; and</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;with respect to Schlumberger Well Intervention Services, that Schlumberger in good faith determines that such Schlumberger Well Intervention Services are not available for a proposed Alliance Activity during the stated time frame of such proposed Alliance Activity, which bona fide reasons shall include that Schlumberger&#8217;s available well intervention equipment or crew are under contract, or an Event of Force Majeure which would preclude the performance of the applicable Schlumberger Well Intervention Services.</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;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Well Access Packages</font>&#8221; has the meaning set forth in the Recitals.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 1.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Other Definitional Provisions</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">All references in this Agreement to an &#8220;Article,&#8221; &#8220;Section,&#8221; &#8220;subsection&#8221; or &#8220;Schedule&#8221; shall be to an Article, Section, subsection or Schedule of this Agreement, unless the context requires otherwise.&#160;&#160;Unless the context otherwise requires, the words &#8220;this Agreement,&#8221; &#8220;hereof,&#8221;</font></div>

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<div style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#8220;hereunder,&#8221; &#8220;herein,&#8221; &#8220;hereby,&#8221; or words of similar import shall refer to this Agreement as a whole and not to a particular Article, Section, subsection, clause or other subdivision hereof. Unless expressly stated otherwise, references to &#8220;third party&#8221; or &#8220;Third Party&#8221; shall mean all Persons that are not included in the definition of &#8220;Party&#8221; or &#8220;Parties&#8221; herein. Whenever the context requires, the words used herein shall include the masculine, feminine and neuter gender, and the singular and the plural. The term &#8220;including&#8221; (and with correlative meaning &#8220;include&#8221;) means including without limiting the generality of any description preceding such term.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 2.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Formation</font>.</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">The Parties hereby form a contractual alliance pursuant to the terms of this Agreement (the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Alliance</font>&#8221;) to design, develop, manufacture, promote, market and sell on a global basis integrated subsea well intervention systems, including Alliance Well Access Packages, in-well technology and services, non-rig vessels, ROVs, and other related and complementary well intervention products and services (collectively &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Subsea Well Intervention Systems</font>&#8221;).</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 2.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Alliance Activities</font>.</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">If two or more Parties participate in the provision of a Subsea Well Intervention System to one or more third parties, whether as a primary contractor, subcontractor or joint contractor, as provided in Section&#160;2.7(f) hereof (an &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Alliance Activity</font>&#8221;), such Parties shall jointly manage the design, development, manufacture, promotion, and marketing of, and negotiation of and contracting for, as applicable and appropriate for the relevant Alliance Activity, the applicable Subsea Well Intervention Systems to such third parties.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 2.3</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Goods and Services to be Provided by Helix</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Helix shall provide to the other Parties the following goods and services for the performance of Alliance Activities as provided in Section&#160;2.7(f), as applicable and appropriate for the relevant Alliance Activity and as otherwise provided herein:</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(i)&#160;&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">well intervention vessels owned or chartered by Helix or an Affiliate thereof, as set forth on Schedule&#160;2.3(a)(i), as may be amended from time to time, and ROVs owned by Helix or an Affiliate thereof (collectively, &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Helix Alliance Assets</font>&#8221;), to the extent such Helix Alliance Assets are not Unavailable;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(ii)&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">design expertise, engineering and know-how for Helix Alliance Assets and Alliance Well Access Packages;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iii)&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">operating and maintenance personnel for Helix Alliance Assets;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iv)&#160; <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">operating and maintenance personnel for Alliance Well Access Packages as set forth on Schedule 2.3(a)(iv) to the Confidential Memorandum</font></font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">; and</font></font></div>

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<div style="TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(v)&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">marketing services, materials and support for Alliance Activities.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Helix shall also provide such additional goods and services with respect to Alliance Activities as provided in Article&#160;4 of this Agreement.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The Parties agree that the day rates and other costs that Helix will charge and are payable for the Helix Alliance Assets in connection with Alliance Activities are set forth on Schedule&#160;2.3(b) to the Confidential Memorandum.&#160;&#160;For any asset that subsequently is constructed, purchased, chartered, or otherwise joins the Helix well intervention fleet during the term hereof, in order to be subject to this Agreement (including Sections&#160;2.3(a) and 2.7(d)), rates and costs for such asset shall first be agreed upon by the Parties, and Schedule&#160;2.3(b) to the Confidential Memorandum shall be amended to include the same.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 2.4</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Goods and Services to be Provided by OneSubsea</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">As more particularly described in the JEMA, OneSubsea shall provide the equipment for, manufacture of, and services associated with, new well access packages (the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Alliance Well Access Packages</font>&#8221;) to be designed, engineered, developed and owned jointly (on a 50/50 basis) by Helix and OneSubsea, such equipment and services consisting of among other things lower riser packages, emergency disconnect packages, open water wireline dynamic seals, and high pressure riser systems, specialty joints and ancillary components, and associated design, engineering, manufacturing, and maintenance services and support for Alliance Well Access Packages.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">OneSubsea shall provide to the other Parties the following goods and services for the performance of Alliance Activities as provided in Section&#160;2.7(f) and as otherwise provided herein:</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(i)&#160;&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">design expertise, engineering and know-how for Alliance Well Access Packages;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(ii)&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">operating and maintenance services and support for Alliance Well Access Packages;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iv)&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">marketing services, materials and support for Alliance Activities.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">OneSubsea shall also provide such additional goods and services with respect to Alliance Activities as provided in Article&#160;4 of this Agreement.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 2.5</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Goods and Services to be Provided Jointly by Helix and OneSubsea</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Helix and OneSubsea shall provide to the other Parties Alliance Well Access Packages, to the extent the same are not Unavailable and as provided in Section&#160;2.7(f) and as otherwise provided herein.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The lease rates and other costs, that Helix and OneSubsea shall charge and that are payable for the lease of Alliance Well Access Packages in connection with Alliance</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><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">Activities used on a Helix vessel are set forth on Schedule 2.5(b) to the Confidential Memorandum. For any Well Access Package that is jointly developed by Helix and OneSubsea during the term hereof that does not conform to the Alliance Well Access Packages as set forth on Schedule 2.1 to the JEMA, in order for such Well Access Package to be subject to this Agreement (including Sections 2.5(a) and 2.7(b)), rates and costs for such Well Access Package shall first be agreed upon by the Parties, and Schedule 2.5(b) to the Confidential Memorandum shall be amended to include the same.</font></font></font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Schlumberger shall provide to the other Parties, as provided in Section&#160;2.7(f) and as otherwise provided herein, well intervention services (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Schlumberger Well Intervention Services</font>&#8221;) for the performance of Alliance Activities from time to time, consisting of:</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(i)&#160;&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">coiled tubing, coiled tubing conveyed services, cased-hole wireline, mechanical wireline services, slickline, and digital slickline conveyed services, as specified on the Currently In-Scope Schlumberger Well Intervention Services portion of Schedule&#160;2.6(a)(i), to the extent such are not Unavailable;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(ii)&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">associated in-well services and operating personnel support as necessary, to the extent such are not Unavailable; and</font></font></div>

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<div style="TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iii)&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">marketing services, materials and support for Alliance Activities.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Schlumberger shall also provide such additional goods and services with respect to Alliance Activities as provided in Article&#160;4 of this Agreement.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The Parties agree that the day rates and other costs that Schlumberger will charge and are payable for Schlumberger Well Intervention Services in connection with Alliance Activities are set forth on Schedule&#160;2.6(b)&#160;&#160;to the Confidential Memorandum.&#160;&#160;For additional services (such as those services listed in the Further Schlumberger Well Intervention Services portion of Schedule&#160;2.6(a)(i)) to become part of the Alliance Activities pursuant to the terms hereof (including Sections&#160;2.6(a) and 2.7), rates and costs for such services shall first be agreed upon by the Parties, and Schedule&#160;2.6(b) to the Confidential Memorandum shall be amended to include the same.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 2.7</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Exclusivity Among the Parties</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The Parties each continue to have the right to provide and procure goods and services individually, except as provided in this Section&#160;2.7.&#160;&#160;Subject to the terms and conditions of this Agreement, the Parties agree to market the Subsea Well Intervention Systems in accordance with this Section&#160;2.7.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">During the term of this Agreement, if Helix desires to lease a Well Access Package for use on a Helix vessel (it being understood that each of Helix&#8217;s vessels is currently equipped with Well Access Packages), other than as set forth in Schedule&#160;2.5(b) to the Confidential Memorandum, Helix shall lease an Alliance Well Access Package at the applicable rate set forth on Schedule&#160;2.5(b) to the Confidential Memorandum, to the extent an Alliance </font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Well Access Package is not Unavailable, <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">except</font> in the event the applicable Helix customer specifically requires a Well Access Package other than an Alliance Well Access Package. For each occasion when a Helix customer so requires a Well Access Package other than an Alliance Well Access Package, Helix shall promptly provide written notification to the Governance Board.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">During the term of this Agreement, OneSubsea and Helix shall jointly engineer and own (on a 50/50 basis) Well Access Packages, as more specifically provided in the JEMA, and OneSubsea and Helix shall provide Well Access Packages to the market exclusively with each other, <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">provided</font> that (i)&#160;Helix may sell and/or lease Helix Existing Well Access Packages, and (ii)&#160;OneSubsea may (x)&#160;sell OneSubsea Existing Well Access Packages and/or new Well Access Packages based on OneSubsea&#8217;s pre-2014 Well Access Package design without Helix participation as part of an integrated subsea system (<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">i.e.</font>, EPC contracts) or as a stand-alone package for rig-based operations and (y)&#160;lease OneSubsea Existing Well Access Packages without Helix participation as part of an integrated subsea system (<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">i.e.</font>, EPC contracts) or as a stand-alone package for rig-based operations, <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">provided further</font> that OneSubsea shall not sell or lease Well Access Packages to any competitor of Helix in Helix&#8217;s Business without Helix&#8217;s prior written consent, such consent not to be unreasonably withheld or delayed (failure to respond within seven (7) days of such request shall be deemed consent).</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(d)</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">During the term of this Agreement, if either of OneSubsea or Schlumberger requires a vessel or ROV services in connection with such Party&#8217;s provision of Subsea Well Intervention Systems, or has the opportunity to use or specify a vessel and/or ROV services in the performance of a contract or project or in a proposal, bid, tender, or similar process for the provision by such Party of Subsea Well Intervention Systems, such Party (or Parties) shall exclusively use or specify the Helix Alliance Assets that meet the criteria for such Alliance Activity at the applicable rate and other charges set forth on Schedule&#160;2.3(b) to the Confidential Memorandum, to the extent such Helix Alliance Assets are not Unavailable, <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">except</font> in the event the applicable OneSubsea or Schlumberger customer specifically requires an asset other than a Helix Alliance Asset.&#160;&#160;For each occasion when a OneSubsea or Schlumberger customer so requires an asset other than a Helix Alliance Asset, OneSubsea or Schlumberger, as appropriate, shall promptly provide written notification to the Governance Board.&#160;&#160;During the term of this Agreement, if either of OneSubsea or Schlumberger requires a vessel or ROV services which are not set forth on Schedule&#160;2.3(a)(i) in connection with such Party&#8217;s provision of Subsea Well Intervention Systems, such Party (or Parties) shall disclose such requirement to Helix and shall first present the opportunity to Helix such that the Parties may negotiate in good faith for Helix&#8217;s potentially providing of such vessel or ROV services, except in the event the applicable OneSubsea or Schlumberger customer specifically requires a provider of vessel or ROV services other than Helix.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">During the term of this Agreement, if either of OneSubsea or Helix requires well intervention services described in Section&#160;2.6(a)(i) and Section&#160;2.6(a)(ii) in connection with such Party&#8217;s provision of Subsea Well Intervention Systems, or has the opportunity to use or specify the well intervention services subcontractor in the performance of a contract or project or in a proposal, bid, tender, or similar process for the provision by such Party of Subsea Well Intervention Systems, such Party (or Parties) shall exclusively use or specify Schlumberger Well Intervention Services at the applicable rate and other charges set forth on Schedule&#160;2.6(b) to the </font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Confidential Memorandum, to the extent such Schlumberger Well Intervention Services are not Unavailable, <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">except</font> in the event the applicable OneSubsea or Helix customer specifically requires a provider of well intervention services other than Schlumberger. For each occasion when a OneSubsea or Helix customer so requires a provider of well intervention services other than Schlumberger, OneSubsea or Helix, as appropriate, shall promptly provide written notification to the Governance Board. During the term of this Agreement, if either of OneSubsea or Helix requires well intervention services described in the Further Schlumberger Well Intervention Services portion of Schedule 2.6(a)(i) in connection with such Party&#8217;s provision of Subsea Well Intervention Systems, such Party (or Parties) shall disclose such requirement to Schlumberger and shall first present the opportunity to Schlumberger such that the Parties may negotiate in good faith for Schlumberger&#8217;s potentially providing of such Further Schlumberger Well Intervention Services, except in the event the applicable OneSubsea or Helix customer specifically requires a provider of well intervention services other than Schlumberger.</font></font></div>

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<div style="TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(i)&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">In connection with Sections&#160;2.7(b), (c) (d) and (e), as the case may be, relating to an opportunity received by any Party to pursue any contract, project, proposal, bid, tender, or similar process for the provision of Subsea Well Intervention Systems that could involve subcontracting the goods or services of the other Parties described in Sections&#160;2.3, 2.4, 2.5 and 2.6, the applicable contracting, tendering or bidding Party (the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Notifying Party</font>&#8221;) shall provide prompt written notice (an &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Activity Notice</font>&#8221;) to the other Parties&#8217; representatives to the Operating Committee of any such contract, project, proposal, bid, tender or similar process (the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Potential Alliance Activity</font>&#8221;) that it is considering pursuing.&#160;&#160;The Activity Notice shall include any materials received by the Notifying Party regarding the Potential Alliance Activity subcontracting opportunity (to the extent that the Notifying Party is permitted to provide such materials), as well as: (x)&#160;the proposed scope of the subcontract and time frame for its performance (including any proposed liquidated damages to be imposed on the subcontracting Party for late delivery), (y)&#160;special requirements of and specifications for the subcontract and subcontracting terms and conditions, if available, and (z)&#160;any other information that the Notifying Party reasonably believes the other Party or Parties, as applicable, would deem necessary or appropriate to evaluate the Potential Alliance Activity as a subcontractor.&#160;&#160;If representatives to the Operating Committee of the Parties other than the Notifying Party deem their respective products and services (as described in Sections&#160;2.3, 2.4, 2.5 and 2.6, as applicable) to be Unavailable or have another bona fide reason for not participating in the Potential Alliance Activity, such representatives shall notify the representatives of the other Parties as soon as reasonably practicable (and Notifying Party shall specify a reasonable deadline by when such other Parties must respond in consideration of the requirements of the Potential Alliance Activity), as well as the reasons for the Unavailability.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(ii)&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">In the case of a Potential Alliance Activity opportunity not described in Section&#160;2.7(f)(i) (<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">i.e.</font>, where the relationship of the applicable Parties is not that of a subcontract, but a joint bid or other joint or collaborative arrangement), each Party shall endeavor to use the goods and services of the other Parties (described in Sections&#160;2.3, 2.4, 2.5 and 2.6) who desire to participate in such Alliance Activity opportunity where such </font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iii) </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">If any Party delivers notice to the other Parties&#8217; representatives to the Operating Committee that such Party is Unavailable or declines to participate in an Alliance Activity in accordance with Section&#160;2.7(f)(i) or Section&#160;2.7(f)(ii) by the referenced date(s) in such sections, then the remaining Party or Parties may pursue such activity individually to the exclusion of the other Party or Parties notwithstanding the provisions of this Section&#160;2.7.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(g)</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">In the event that any provision of this Section&#160;2.7 shall be held invalid, illegal, void, inoperative, or unenforceable by a court of competent jurisdiction, by reason of the geographic or business scope or the duration of such provision, such invalidity, illegality, voidness, inoperability, or unenforceability shall attach only to the scope or duration of such provision and shall not affect or render invalid, illegal, void, inoperative or unenforceable any other provision of this Agreement, and, to the fullest extent permitted by law, this Agreement </font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(h)</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Each of the Parties agrees that the remedy at law for any breach of this Section&#160;2.7 may be inadequate and that in the event of any such breach or violation by any of the Parties, the other Parties shall be entitled to seek injunctive relief, without posting bond or other security, in addition to any other remedy in arbitration, at law, in equity or under this Agreement to which they may be entitled.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 2.8</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Joint Marketing Program; Costs and Expenses</font>.</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">The Parties shall agree on and commence a joint marketing program for the Alliance, which may include a website designed by and containing statements, information and other content as may be mutually agreed among the Parties.&#160;&#160;Each Party shall coordinate its marketing efforts to market Alliance Subsea Well Intervention Systems and advise the other Parties of its various marketing efforts as they take place.&#160;&#160;The Parties shall assist each other in the marketing of Alliance Subsea Well Intervention Systems as may be reasonably requested and to the extent personnel of each Party are available from their other duties to assist in such marketing.&#160;&#160;Upon any Party&#8217;s receipt of a communication from a customer or prospective customer with respect to the terms and conditions of an inquiry that could involve an Alliance Activity, such Party shall promptly supply the other Parties with a copy (if written) or summary (if oral) of the communication.&#160;&#160;Unless otherwise agreed by the Parties, each Party shall bear its own costs and expenses arising from the marketing of the goods and services to be provided by the Parties pursuant to Sections&#160;2.3, 2.4, 2.5 and 2.6.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 3.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">No Commitment</font>.</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">No Party shall agree or commit to conduct any Alliance Activity on behalf of the Alliance or any other Party unless such protocol for an Alliance Activity is approved in accordance with Section&#160;2.7(f).&#160;&#160;Neither Helix nor OneSubsea shall make any contractual commitment with respect to any Alliance Well Access Package to any Third Party, including but not limited to the assumption by the Parties of contractual risks and liabilities associated with any Alliance Well Access Package and related Alliance Activity, without the other Party&#8217;s prior written consent, and such Parties shall develop a protocol with respect to the means for obtaining such consent.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 3.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Governance Board</font>.</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">Each Party will designate senior representatives to the Alliance Governance Board (the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Governance Board</font>&#8221;).&#160;&#160;OneSubsea will designate two (2) senior representatives, Helix will designate three (3) senior representatives, and Schlumberger will designate one (1) senior representative.&#160;&#160;The Governance Board will provide strategic direction, provide input concerning market opportunities, contracting and bidding strategies, and provide general oversight of the Alliance.&#160;&#160;All actions of the Governance Board shall require the affirmative consent of at least four (4) members of the Governance Board, <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">provided</font> that the Governance Board shall not have</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">the right to require or compel any other Party to participate in an Alliance Activity generally or on terms and conditions that are not acceptable to such Party. The Governance Board shall meet regularly at such time and place as shall from time to time be determined by the representatives to the Governance Board, but no less frequently than quarterly each calendar year.</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 initial members of the Governance Board are as follows:</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">OneSubsea Representatives</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;Mike Garding</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">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Henning Berg</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">Helix Representatives</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;Owen Kratz</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">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Scotty Sparks</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">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Alisa Johnson</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">Schlumberger Representative</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;Zied Ben Hamad</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 3.3</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Alliance Director</font>.</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">The Governance Board shall designate an individual to serve as the Alliance Director from time to time, initially with the task of serving as Chairman of, and coordinating meetings of, the Operating Committee, and serving as liaison of the Operating Committee to the Governance Board.&#160;&#160;The Alliance Director shall not have authority to bind the Alliance or any Party.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 3.4</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Operating Committee</font>.</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">An Operating Committee consisting of such individuals as each Party deems appropriate shall meet on a regular basis to coordinate the day-to-day activities of the Alliance and to provide operational guidance to the Alliance.&#160;&#160;The Operating Committee will be tasked with the creation of a pursuit authorization review (PAR) process, to be reviewed and approved by the Governance Board, which will formalize the approval process for authorizing pursuits of future Alliance Activities.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 4.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Provision of Additional Equipment</font>.</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">The Parties, in addition to the goods and services to be provided in accordance with Sections&#160;2.3, 2.4, 2.5 and 2.6, shall supply any additional equipment as may be agreed by the Parties.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 4.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Crew</font>.</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">Each Party shall organize, operate and administer the crew for each Alliance Activity for the provision of its respective products and services to be provided in accordance with Sections&#160;2.3, 2.4, and 2.6, respectively, including local personnel to the extent they are required for the relevant Alliance Activity, either by direct employment or by subcontract, and in compliance with applicable Laws.&#160;&#160;Unless otherwise provided in this Agreement, all such personnel shall remain employees of the supplying Party.&#160;&#160;The salary, insurance, benefits, accommodation and travel expenses of such personnel shall be paid solely by the employing Party, unless the Parties agree otherwise in writing.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 4.3</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Quality Control; Maintenance and Repairs</font>.</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">Each Party may designate a technical liaison to supervise and ensure quality control over performance of its respective Alliance Activity.&#160;&#160;In the case of the lease of Alliance Well Access Packages, OneSubsea will provide planned maintenance and repairs of the Alliance Well Access Packages, and will provide qualification, testing, and certification of the Alliance Well Access Packages as required.&#160;&#160;However, Helix may perform any and all work on Alliance Well Access Packages deployed to Helix Alliance Assets if, in the sole judgment of Helix, such work is necessary to maintain the uptime of the Helix Alliance Assets.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 4.4</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Right to Supervise and Replace Personnel; Multiskilling</font>.</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">Each Party shall have the right to supervise all its own personnel and the right to dismiss personnel at its sole discretion or, in the case of a customer contract or project, at the request of the customer.&#160;&#160;The Parties agree to work together to identify crew multiskilling opportunities and implement, when and as appropriate (and at all times prioritizing the safety of all persons, the environment, and property), crew multiskilling programs that will allow the Parties&#8217; respective crews and equipment on Helix Alliance Assets to be more effectively utilized.&#160;&#160;The goals of such multiskilling programs shall include significantly reducing the size of required offshore service crew; significantly reducing the use of short-term, call-off and ad hoc service personnel; and significantly increasing vessel crew continuity.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 4.5</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Additional Responsibilities of the Parties</font>.</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">For each of the Parties&#8217; respective products and services described in Sections&#160;2.3, 2.4, 2.5 and 2.6, each Party shall also provide the following services without charge in the conduct of Alliance Activities:</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">obtaining all licenses, consents, registrations, business licenses and other approvals necessary or advisable for the establishment and operation of each Alliance Activity and the provision of the Parties&#8217; services from the relevant Governmental Authorities;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">managing all customs clearance activities for Alliance Activities, including the import and the export of equipment as may be required in connection with such Alliance Activities, as applicable; and</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">procurement of local personnel for Alliance Activities.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 5.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">General</font>.</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">The Parties shall receive compensation for the provision of goods and services in Alliance Activities by sharing in the Revenue earned from an Alliance Activity, which Revenue shall be determined in accordance with the terms and conditions of the governing Alliance Activity contract.&#160;&#160;Compensation shall be calculated upon an Alliance Activity-by-Alliance Activity basis in accordance with this Article&#160;5.&#160;&#160;No other compensation shall be due any Party for its performance of this Agreement unless expressly stated in this Agreement or subsequently otherwise agreed in writing by the Parties.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 5.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Allocation of Revenue</font>.</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">Any Revenue from an Alliance Activity will be shared as follows:</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Helix shall receive one hundred percent (100%) of all Revenue related to Helix Alliance Assets.&#160;&#160;Helix shall be responsible for providing operational maintenance, including storage and routine maintenance on the Helix Alliance Assets that are in service, or if not in service, onshore as required to maintain systems in operational readiness.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">With respect to any sale of an Alliance Well Access Package to a third party, or a lease of an Alliance Well Access Package to a third party on a &#8220;stand alone&#8221; basis (<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">i.e.</font>, not in connection with the use of a Helix vessel), OneSubsea and Helix shall each retain fifty percent (50%) of all net Revenue related to such sale or lease of such Alliance Well Access Package, as described further in the JEMA.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Schlumberger shall receive one hundred percent (100%) of all Revenue related to the supply of Schlumberger Well Intervention Services.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(d)</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">If an Alliance Activity third-party contract includes an incentivization scheme, the Parties shall agree in writing to an appropriate revenue allocation mechanism prior to undertaking work under the contract.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 6.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Taxes</font>.</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">Each Party shall bear and pay its own Taxes.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 6.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Reporting</font>.</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">Each Party agrees to make all reports and take all other actions legally required to satisfy tax, accounting and reporting requirements of any Governmental Authority rightfully claiming jurisdiction over any and all contracts which arise from the transactions contemplated by this Agreement and such Party&#8217;s performance under such contracts.&#160;&#160;Each Party agrees to withhold from wages, salaries, fees or other remuneration of its agents, servants, employees or sub-contractors, all sums required to be withheld by the Laws of the country having jurisdiction over such contracts and to pay such sums promptly when due to the proper Governmental Authorities.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 7.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Noncompetition</font>.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 7.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Limitation on Noncompetition</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">the acquisition (i)&#160;by a Party or its parent company (a Person owning fifty percent (50%) or more of a Party) or any of its Affiliates, whether by asset purchase, stock purchase, merger, consolidation or otherwise, of any Person partially engaged in any Proscribed Activity, or (ii)&#160;of a Party or any of its Affiliates or its parent company by a Person that is partially engaged in a Proscribed Activity; or</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">the provision of any Helix Alliance Assets, OneSubsea Well Access Packages (other than as may be limited pursuant to Section&#160;2.7(c)), or Schlumberger Subsea Well Intervention Services to other customers in the normal course of either Party&#8217;s business, or the sale (or termination of charter) of any Helix Alliance Assets or Schlumberger Subsea Well Intervention Services business lines to a third party in a business transaction.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 8.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">General</font>.</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">No right or ownership interest shall be acquired by a Party in any Confidential Information from another Party.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 8.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Confidential Treatment</font>.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 9.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Provision of Technology</font>.</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">Except as expressly provided herein, this Agreement shall not be construed to transfer, grant or promise either ownership or any licensing rights to any Party or to any Party&#8217;s Affiliates, of any other Party&#8217;s Intellectual Property in its possession prior to the date of this Agreement together with any and all Intellectual Property developed by that party outside of the work done under this Agreement (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Background Intellectual Property</font>&#8221;).&#160;&#160;Each Party grants to the other Parties and their respective Affiliates a worldwide, non-exclusive, nontransferable, non sublicensable, royalty-free right to use the Background Intellectual Property contributed by that Party solely for purposes of performance of Alliance Activities.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 9.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Improvements, Modifications and Derivative Work</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Any Intellectual Property in all improvements, modifications or other derivative work created or developed, or any activity pursued while working under this Agreement (&#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Foreground Intellectual Property</font>&#8221;), shall vest as follows:</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The Parties acknowledge that OneSubsea or its designated Affiliate owns any and all Foreground Intellectual Property created solely by OneSubsea or its Affiliate.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The Parties acknowledge that Helix or its designated Affiliate owns any and all Foreground Intellectual Property created solely by Helix or its Affiliate.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The Parties acknowledge that Schlumberger or its designated Affiliate owns any and all Foreground Intellectual Property created solely by Schlumberger or its Affiliate.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(d)</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">OneSubsea, Helix and Schlumberger agree that jointly developed systems, components and methodology, including with respect to the Alliance Well Access Packages that are developed by OneSubsea and Helix pursuant to the JEMA, shall be Foreground Intellectual Property jointly owned by the Parties to which such jointly developed Foreground Intellectual Property is attributed.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">In the event of any dispute regarding in whom the ownership of any Foreground Intellectual Property vests in accordance with Sections&#160;9.2(a)-(d) above, such dispute shall be resolved pursuant to Section&#160;13.2.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 9.3</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Patents and Inventions</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Each Party agrees to notify in writing the other Parties of any invention created by a Party in connection with the transactions contemplated by this Agreement promptly after it receives an invention disclosure.&#160;&#160;In the event such invention shall be owned solely by one Party, consistent with Section&#160;9.2(a), 9.2(b) or 9.2(c), the owning Party shall inform the other Parties of the preparation, filing, prosecution and maintenance of all patent applications and patents relating to such invention.&#160;&#160;In the event such invention falls within the occurrence of Section&#160;9.2(d), the owning Parties, upon agreement among those Parties or resolution pursuant to Article&#160;13, will proceed to (i)&#160;prepare, file, prosecute and maintain of all patent applications and patents relating to such invention and keep the other Parties informed of same in case of a sole owning Party or (ii)&#160;will mutually agree on management of the related patent applications and patents in case of joint ownership and will keep the non-owning Party informed of same.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Upon request, a Party shall give all reasonable assistance to the owning Party or Parties in prosecuting any patent applications and shall execute any instrument necessary to enable the owning Party or Parties to obtain a patent on such application.&#160;&#160;The costs of drafting, filing, prosecuting, defending and maintaining patent applications and patents shall be supported by the owning Party or Parties.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Decisions with respect to obtaining patent or other intellectual property protection on Foreground Intellectual Property will be made by the owning Party under Section&#160;9.2(a), 9.2(b) or 9.2(c), or Parties under 9.2(d) and the owning Party or Parties shall pay the costs of </font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(d)</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Each Party (the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Licensor</font>&#8221;) grants to the other Parties and their respective Affiliates (the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Licensees</font>&#8221;) a perpetual, worldwide, royalty-free, non-exclusive, nontransferable license to use Licensor&#8217;s solely owned or its share of jointly owned Foreground Intellectual Property only for the respective business (<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">i.e.</font> Helix Business, OneSubsea Business, or Schlumberger Business) of each Licensee.&#160;&#160;The Licensee cannot sublicense such license to any third party without the prior written consent of the Licensor.&#160;&#160;Further, upon the consent of the Licensor, in the event the Licensee sublicenses a right to a Foreground Intellectual Property to a third party outside the scope of such Licensee&#8217;s own business, then Licensor and Licensee shall negotiate to determine a fair mechanism for sharing royalties derived therefrom.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Any owner or co-owner of Foreground Intellectual Property, at its sole discretion, individually or jointly, may bring enforcement actions against any infringer of any sole or joint owned Foreground Intellectual Property right.&#160;&#160;The costs of any joint proceeding shall be borne equally by the Parties unless otherwise agreed.&#160;&#160;If a Party chooses not to participate in the enforcement action, the enforcing Party shall bear all costs and expenses associated with such enforcement action.&#160;&#160;The non-enforcing Party agrees to cooperate with the enforcing party and will join as an indispensable party when required by law.&#160;&#160;Any money recovered by way of damages or otherwise in respect to any such proceeding shall be kept by the Party which bore the costs of such proceeding; or, in the case where the parties have shared the costs, shall be shared in the same proportion as the costs, unless otherwise agreed.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 9.4</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Acknowledgment of Intellectual Property Rights</font>.</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">Each Party recognizes and acknowledges the ownership by each other Party and its Affiliates of all patents, copyrights, trademarks, service marks, business or corporate names, know how, trade secrets and other intellectual property rights which such Party currently owns and further agrees that the owning Party shall have the right to take all appropriate actions to protect such rights and the other Parties shall inform the owning Party should any action be taken which threatens such owning Party&#8217;s intellectual property rights.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 9.5</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Licensing</font>.</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">The Parties agree that supply of technology and equipment to the Alliance for conduct of Alliance Activities outside the United States pursuant to the transactions contemplated by this Agreement may be subject to the issuance of an export license by applicable Governmental Authorities, if any, and the execution of a license agreement by the Parties, if applicable.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 9.6</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Compliance with Licensing</font>.</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">The Parties recognize that Governmental Authorities may restrict usage of certain technology and equipment which may be used in connection with Alliance Activities.&#160;&#160;A Party may require any of the other Parties and/or any applicable third party participant in an Alliance Activity to enter into a standard equipment license agreement incorporating restrictions on the use of such equipment or technology in accordance with applicable Law.&#160;&#160;The Parties shall abide by all conditions imposed by the applicable export license(s) and equipment license agreement(s), as may be applicable.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 9.7</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Other Governmental Approvals</font>.</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">Each Party shall use its best efforts on an ongoing basis to obtain and maintain all necessary approvals, licenses, permits, multiple entry-exit visas, and other documents or permissions as may be required from applicable Governmental Authorities for the Parties&#8217; conduct of Alliance Activities.</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt">ARTICLE 10</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 10.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">INDEMNIFICATION</font>.</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">EACH PARTY SHALL INDEMNIFY, DEFEND AND HOLD HARMLESS THE OTHER PARTIES, THEIR AFFILIATES AND RELATED PARTIES FROM AND AGAINST ANY AND ALL ACTIONS, CLAIMS, JUDGMENTS, DAMAGES, LOSSES, PENALTIES, FINES, LIABILITIES (INCLUDING STRICT LIABILITY), ENCUMBRANCES, LIENS, COSTS AND EXPENSES OF DEFENSE (INCLUDING REASONABLE ATTORNEY&#8217;S FEES AND DISBURSEMENTS) RELATED TO OR ARISING WITH RESPECT TO SUCH PARTY&#8217;S: (I)&#160;INTELLECTUAL PROPERTY INFRINGEMENT AS A RESULT OF THE USE OF THAT PARTY&#8217;S (THE &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">DISCLOSING PARTY</font>&#8221;) GOODS AND SERVICES PROVIDED TO THE OTHER PARTIES (IN EACH CASE, THE &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">RECEIVING PARTY</font>&#8221;) IN CONNECTION WITH ALLIANCE ACTIVITIES, EXCEPT TO THE EXTENT SUCH INTELLECTUAL PROPERTY INFRINGEMENT CLAIMS ARE BASED ON: (A)&#160;THE RECEIVING PARTY&#8217;S USE OF PRODUCTS OR SERVICES IN COMBINATION WITH PRODUCTS OR SERVICES NOT PROVIDED BY THE DISCLOSING PARTY; (B)&#160;WHERE THE DISCLOSING PARTY&#8216;S PRODUCTS OR SERVICES HAVE BEEN SPECIALLY MODIFIED, DESIGNED AND/OR MANUFACTURED BASED ON THE RECEIVING PARTY&#8217;S REQUEST OR INFORMATION; (C)&#160;UNAUTHORIZED ADDITIONS OR MODIFICATIONS BY OR ON BEHALF OF THE RECEIVING PARTY TO THE DISCLOSING PARTY&#8217;S PRODUCTS OR SERVICES; OR (D)&#160;THE RECEIVING PARTY&#8217;S USE OF THE DISCLOSING PARTY&#8217;S PRODUCTS OR SERVICES WHICH USE DOES </font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">NOT CORRESPOND TO THE DISCLOSING PARTY&#8217;S PUBLISHED STANDARDS OR SPECIFICATIONS; (II) BREACH OR OTHER INACCURACY OF ANY REPRESENTATION OR WARRANTY OF SUCH PARTY AS SET FORTH IN ARTICLE 12; AND (III) BREACH OF LAWS.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 10.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">No Consequential Damages</font>.</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">NO PARTY SHALL BE LIABLE TO ANY OTHER PARTY FOR, OR REQUIRED TO INDEMNIFY OR PAY TO SUCH PARTY, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, OR SPECULATIVE DAMAGES FOR ANY PURPOSES WHATSOEVER UNDER THIS AGREEMENT, INCLUDING WITHOUT LIMITATION LOSS OF BUSINESS PROFIT, LOSS OF BUSINESS OPPORTUNITY, DAMAGES BASED UPON THEORIES OF QUASI-CONTRACT OR PROMISSORY ESTOPPEL, OR SIMILAR DAMAGES.&#160;&#160;For purposes of the foregoing, actual damages may, however, include indirect, consequential, punitive or speculative damages to the extent (a)&#160;the injuries or losses resulting in or giving rise to such damages are incurred or suffered by a third party who is not an Affiliate of a Party and (b)&#160;such damages are recovered against an Indemnified Party by a Person that is a third party who is not an Affiliate of such Party.&#160;&#160;This Section&#160;10.2 shall operate only to limit a Party&#8217;s liability and shall not operate to increase or expand any contractual obligation of a Party hereunder.</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">In the event that any Party shall have (i)&#160;suffered any loss or (ii)&#160;received any notice of the commencement of any action, investigation or other proceeding, or the making of any claim or demand by a third party (a &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Third Party Claim</font>&#8221;), in respect of which indemnification may be sought by such Party pursuant to this Article&#160;10 (the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Indemnified Party</font>&#8221;), the Indemnified Party shall give the indemnifying Party (the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Indemnifying Party</font>&#8221;) prompt written notice of such loss or Third Party Claim setting forth in reasonable detail such information as it shall have pertaining to such Third Party Claim and the Indemnified Party&#8217;s demand for indemnification in respect to such Third Party Claim.&#160;&#160;Written notice of Third Party Claims shall be given to the Indemnifying Party as promptly as practicable (and in any event within thirty (30) days after the service of any initial citation or summons or delivery of a demand letter).&#160;&#160;Failure to timely provide such notice of a Third Party Claim shall not affect the right of the Indemnified Party&#8217;s indemnification hereunder, except to the extent the Indemnifying Party is materially prejudiced by such delay or omission.&#160;&#160;The Indemnifying Party shall have thirty (30) days from the date of receipt of each such notice (the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Investigation Period</font>&#8221;) to investigate and dispute the nature, validity or amount of any such Third Party Claim, and acknowledge in writing its obligation to indemnify the Indemnified Party for such Third Party Claim.&#160;&#160;During the Investigation Period, the Indemnifying Party shall have reasonable access, during normal business hours, to the books and records of the Indemnified Party relating to such Third Party Claim for the purpose of such investigation.&#160;&#160;If the Indemnifying Party does not acknowledge in writing its obligation to indemnify the Indemnified Party for a Third Party Claim within the Investigation Period, the Indemnifying Party will be deemed to have rejected such Third Party Claim.&#160;&#160;In the event that the Indemnifying Party disputes the nature, validity or amount of a Third Party Claim, the Indemnifying Party shall give the Indemnified Party written notice of such dispute within the Investigation Period, and the Indemnified and Indemnifying Parties shall meet promptly after </font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 10.4</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Defense of Third Party Claims</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">In the event an Indemnifying Party acknowledges in writing its obligation to indemnify the Indemnified Party for a Third Party Claim, then the Indemnifying Party shall have the option to assume control of the defense and investigation of such Third Party Claim and to employ and engage attorneys of its own choice to handle and defend such Third Party Claim, at the Indemnifying Party&#8217;s sole cost, risk and expense (the &#8220;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">Direct Litigation Option</font>&#8221;).&#160;&#160;In order to exercise the Direct Litigation Option the Indemnifying Party shall give written notice of such exercise to the Indemnified Party.&#160;&#160;If the Indemnifying Party so elects, the Indemnified Party shall cooperate in all reasonable respects with the Indemnifying Party and its attorneys in the investigation, trial and defense of such Third Party Claim and any appeal arising from such claim; <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">provided</font>, however, that the Indemnified Party may, at its own cost, participate in (but not control) such investigation, trial and defense of such Third Party Claim and any appeal arising therefrom.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">If the Indemnifying Party does not elect the Direct Litigation Option or otherwise does not acknowledge in writing its obligation to indemnify the Indemnified Party pursuant to Section&#160;10.3, then the Indemnified Party shall defend against the Third Party Claim in the manner it deems appropriate, subject to Section&#160;10.5 below; <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">provided</font>, however, that the Indemnifying Party may, at its own cost, participate in (but not control) any defense of such Third Party Claim and any appeal arising therefrom.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 10.5</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Settlement of Third Party Claims</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">If the Indemnifying Party exercises the Direct Litigation Option, it shall have the right to settle the Third Party Claim, <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">provided</font> that the Indemnifying Party shall not enter into any compromise or settlement of such Third Party Claim without the Indemnified Party&#8217;s written consent, but <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">provided</font> <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">further</font> that such consent shall not be required if (a)&#160;the compromise or settlement contains a complete and unconditional general release by the third party asserting the claim to all Indemnified Parties affected by the claim, (b)&#160;the compromise or settlement does not contain any sanction or restriction upon the conduct of any business by the Indemnified Party or its Affiliates and (c)&#160;the compromise or settlement does not create a financial or other obligation on the part of the Indemnified Party or any other person other than the Indemnifying Party.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">If the Indemnifying Party does not elect the Direct Litigation Option, the Indemnified Party shall have the right to settle the Third Party Claim, <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">provided</font> that the Indemnified Party may not enter into any compromise or settlement of such Third Party Claim if indemnification is to be sought hereunder without the Indemnifying Party&#8217;s consent (which consent shall not be unreasonably withheld, conditioned or delayed).</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 10.6</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Cooperation</font>.</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">If requested by the Indemnifying Party, the Indemnified Party agrees, at the sole cost and expense of the Indemnifying Party, to cooperate with the Indemnifying Party and its counsel in contesting any Third Party Claim that the Indemnifying Party elects to contest, including the </font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">making of any reasonably related counterclaim against the third party asserting the Third Party Claim or any cross complaint against any person and making the books and records and personnel of the Indemnified Party reasonably available during normal business hours.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 11.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Representations and Warranties of Helix</font>.</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">Helix hereby represents and warrants to OneSubsea and Schlumberger effective as of the Effective Date as follows:</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Helix is a corporation duly organized and validly existing under the laws of the State of Minnesota and has full legal right, power, and authority to perform this Agreement in accordance with its terms.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iv) </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The execution, delivery, and performance of this Agreement does not materially violate (x)&#160;any Laws, (y)&#160;any provision of OneSubsea BV&#8217;s Articles of Association, or (z)&#160;any material contract or instrument by which OneSubsea BV or any of its assets is bound.</font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(vi) </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The only OneSubsea entities engaged in the OneSubsea Business are OneSubsea US and OneSubsea BV and their respective Affiliates.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">STC hereby represents and warrants to Helix and OneSubsea effective as of the Effective Date as follows:</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(ii)&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">This Agreement has been executed by a duly authorized representative of STC and constitutes valid and legally binding obligations of STC.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(v)&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Each Schedule (including each Schedule to the Confidential Memorandum) prepared by STC constitutes a true, accurate, and complete list in all material respects of the information disclosed, and accurately describes in all material respects the specified items on such Schedule without any material omission of fact.</font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iv)&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The execution, delivery, and performance of this Agreement does not materially violate (x)&#160;any Laws, (y)&#160;any provision of SLBV&#8217;s constitutional documents, or (z)&#160;any material contract or instrument by which SLBV or any of its assets is bound.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(v)&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Each Schedule (including each Schedule to the Confidential Memorandum) prepared by SLBV constitutes a true, accurate, and complete list in all material respects of the information disclosed, and accurately describes in all material respects the specified items on such Schedule without any material omission of fact.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(vi) </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The only Affiliates of Schlumberger Limited engaged in the provision of Schlumberger Well Intervention Services are STC, SLBV, SOHL, and STC&#8217;s, SLBV&#8217;s and SOHL&#8217;s Affiliates.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(i)&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">SOHL is a Business Company duly organized and validly existing under the laws of the British Virgin Islands and has full legal right, power, and authority to perform this Agreement in accordance with its terms.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(ii)&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">This Agreement has been executed by a duly authorized representative of SOHL and constitutes valid and legally binding obligations of SOHL.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iii)&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">SOHL is not a party to any pending discussions, litigation, court action, settlement, or other proceeding (and has no knowledge of any such threatened litigation, court action or other proceeding) which would impair (x)&#160;its ability to fully perform this Agreement or which seeks to enjoin or obtain damages with respect to the transactions provided for in this Agreement or (y)&#160;any of the other Parties&#8217; freedom to operate the technology expected to be developed during the term of this Agreement.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iv)&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The execution, delivery, and performance of this Agreement does not materially violate (i)&#160;any Laws, (ii)&#160;any provision of SOHL&#8217;s constitutional documents, or (iii)&#160;any material contract or instrument by which SOHL or any of its assets is bound.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(v)&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Each Schedule (including each Schedule to the Confidential Memorandum) prepared by SOHL constitutes a true, accurate, and complete list in all material respects of the information disclosed, and accurately describes in all material respects the specified items on such Schedule without any material omission of fact.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(vi) </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The only Affiliates of Schlumberger Limited engaged in the provision of Schlumberger Well Intervention Services are STC, SLBV, SOHL, and STC&#8217;s, SLBV&#8217;s and SOHL&#8217;s Affiliates.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 12.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Commencement of Agreement</font>.</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">This Agreement shall take effect on the Effective Date.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 12.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Termination</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">This Agreement may be terminated at any time by the mutual agreement of the Parties in writing.&#160;&#160;This Agreement shall also terminate:</font></font></div>

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<div style="TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(i)&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">on January 5, 2025;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(ii)&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">in the event (i)&#160;an order is made or resolution passed for the winding up, dissolution, liquidation or bankruptcy of any Party (otherwise than for the purpose of reconstruction or amalgamation) which remains in effect for a period of thirty (30) days or more, or (ii)&#160;a receiver is appointed for a Party or (iii)&#160;a Party suspends payment or ceases to carry on business generally;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iii) </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">upon delivery of written notice of termination by a non-breaching Party, in the event the other Party/ies breaches any material provision of this Agreement and the breaching Party/ies fails to remedy such breach within sixty (60) days from the receipt of written notice of such breach from the non-breaching Party;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(iv) </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">upon delivery of written notice by a Party upon the occurrence of a Change of Control with respect to another Party which the terminating Party reasonably believes to permit the exercise of control over the nonterminating Party by a competitor of the terminating Party;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(v)&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">upon delivery of written notice of termination in the event of the occurrence of an Irrevocable Material Dispute, unless such Irrevocable Material Dispute arises within the first three (3) years of the term hereof;</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(vi) </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">upon delivery of written notice of termination by Helix or OneSubsea in the event of the termination of the JEMA pursuant to the terms thereof; or</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(vii)</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">for any other reason specified in this Agreement.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">In the event this Agreement is terminated pursuant to Section&#160;12.2(a)(ii), (iii), (iv), (v) or (vi) by one, but not all, of the Parties who have the right to terminate the Agreement pursuant to such provision, the non-terminating Parties shall in good faith enter into a new agreement which preserves the provisions of this Agreement applicable to such non-terminating Parties (as well as general provisions not specifically applicable to the terminated Party) and under which such remaining Parties shall continue to pursue existing and future Alliance Activities consistent with the objectives of such Parties vis-&#224;-vis one another in forming the Alliance pursuant to this Agreement, and until such new agreement is entered into, such Parties agree that the provisions of this Agreement applicable to the non-terminating Parties (as well as </font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">general provisions not specifically applicable to the terminated Party) shall remain in full force and effect.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 12.3</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Extension of Term</font>.</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">The term of this Agreement may be extended for additional periods of one (1) year each if the Parties agree in writing to such extension at any time prior to the termination of this Agreement.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 12.4</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Effect of Termination</font>.</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">Termination of this Agreement shall have no effect (i)&#160;on any rights or obligations of the Parties which accrued or arose on or before the date of such termination, expressly including without limitation Articles&#160;9, 10, 11 and 13 of this Agreement, (ii)&#160;any provisions which by their express terms contemplate performance following such termination, or (iii)&#160;any right or cause of action and related remedies arising out of a Party&#8217;s breach of this Agreement.&#160;&#160;For the sake of clarity, the Parties expressly agree that each Party shall retain any rights it may have to share in Revenue received from performance of Alliance Activities in accordance with this Agreement even after termination of this Agreement.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 13.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Expert Mediation</font>.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 13.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Continuing Disputes</font>.</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">Any dispute arising from or related to this Agreement or the transactions contemplated hereby which is not resolved following the process set forth in Section&#160;13.1 above, upon written notice by one Party to the other Parties shall be submitted to final and binding arbitration before an Arbitration Tribunal in accordance with the Commercial Arbitration Rules of the AAA.&#160;&#160;Matters not specifically provided for in Sections&#160;13.2-13.7 shall be governed by the AAA Rules.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 13.3</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Arbitration Tribunal</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">The Arbitration Tribunal shall consist of three (3) arbitrators, comprised as follows:</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(i)&#160;&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">In the event the applicable dispute is among all Parties, each of the arbitrators shall be appointed by the AAA, with one of the three arbitrators serving as the presiding arbitrator on the Arbitration Tribunal.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">(ii)&#160; </font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">In the event the applicable dispute is between exactly two (2) Parties, then each Party shall appoint one (1) arbitrator.&#160;&#160;The two arbitrators thus appointed shall appoint the third arbitrator, who shall serve as the presiding officer of the Arbitration Tribunal.&#160;&#160;If a Party fails to appoint its arbitrator within thirty (30) days of the receipt of a written request from a Party for arbitration, such arbitrator shall be appointed by the other Party&#8217;s appointed arbitrator.&#160;&#160;If the two arbitrators thus appointed fail to agree on the appointment of the third arbitrator within ten (10) days of the appointment of the second arbitrator and if the Parties do not otherwise agree, the AAA shall appoint the third arbitrator.&#160;&#160;The third arbitrator shall be the presiding arbitrator on the Arbitration Tribunal.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">In all disputes, each arbitrator must be (i)&#160;an independent arbitrator who does not have any financial or other personal interest in the dispute and (ii)&#160;experienced in and knowledgeable about the offshore oilfield services industry.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 13.4</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Procedures for Arbitration</font>.</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">The arbitration shall be conducted in the English language and shall take place in Houston, Texas.&#160;&#160;The Arbitration Tribunal shall decide by majority vote on points of substance, law and otherwise, and the decision of the Arbitration Tribunal shall be rendered in writing and shall state the reasons for the decision and the date and the place of the decision.&#160;&#160;All decisions of the Arbitration Tribunal shall be rendered in the English language and shall be final and non-appealable and binding on the Parties and may be entered against them in a court of competent jurisdiction.&#160;&#160;The Arbitration Tribunal shall determine the costs of arbitration in its awards, and such costs shall be allocated between the Parties as determined by the Arbitration Tribunal.&#160;&#160;The Arbitration Tribunal shall not have any authority to award exemplary or punitive damages.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 13.5</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Consent to Jurisdiction</font>.</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">Each of the Parties agrees that any judgment rendered by the Arbitration Tribunal may be executed against its assets in any jurisdiction.&#160;&#160;By execution of this Agreement, each of the Parties hereby irrevocably submits to the nonexclusive jurisdiction of the appropriate courts in Harris County, Texas in any legal action or proceeding relating to such execution of judgment.&#160;&#160;The Parties hereby irrevocably waive any objection they may have to any suit, action or proceeding arising out of or relating to the enforcement of an arbitration judgment under this Agreement, whether brought in Harris County, Texas or in any other jurisdiction in which it has assets, and hereby further irrevocably waives any claim that any such suit, action or proceeding brought in any jurisdiction has been brought in any inconvenient forum.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 13.6</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">No Other Actions</font>.</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">No Party will commence or prosecute any suit or action against another Party relating to any dispute arising from or related to this Agreement or the transactions contemplated hereby, other than as may be necessary to compel arbitration under this Article&#160;13, seek injunctive relief pending arbitration hereunder, or to enforce the award of the Arbitration Tribunal.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 13.7</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">No Suspension of Obligations</font>.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Neither the existence of any dispute, controversy, or claim nor the fact that any arbitration is pending shall relieve any of the Parties of its obligations under this Agreement except for obligations related to matters in dispute and under such pending arbitration.&#160;&#160;Notwithstanding the foregoing, the Parties&#8217; obligations set forth in Article&#160;7 shall not be suspended even if related to matters in dispute and under pending arbitration.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.1</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Notices</font>.</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">Unless otherwise expressly provided in this Agreement, all notices, statements, services of process and other communications to be given under this Agreement by any Party to another Party shall be given to their addresses listed below in writing and delivered by registered mail, messenger service or any form of electronic transmission (including telex and facsimile transmission) provided that confirmation of delivery is received:</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Helix Energy Solutions Group, Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">3505 W. Sam Houston Pkwy N.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Suite 400</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Houston, Texas&#160;&#160;77043</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Attention:&#160;&#160;General Counsel</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Fax:&#160;&#160;+1 (281) 618-0505</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">OneSubsea LLC</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">4646 W. Sam Houston Pkwy N.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Suite 400</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Houston, Texas&#160;&#160;77041</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Attention:&#160;&#160;Chief Legal Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Fax:&#160;&#160;+1 (713) 939-2753</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">OneSubsea B.V.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">4646 W. Sam Houston Pkwy N.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Suite 400</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Houston, Texas&#160;&#160;77041</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Attention:&#160;&#160;Chief Legal Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Fax:&#160;&#160;+1 (713) 939-2753</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Schlumberger Technology Corporation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">300 Schlumberger Drive</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Sugar Land, Texas&#160;&#160;77478</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Attention:&#160;&#160;General Counsel</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Attention:&#160;&#160;Eileen Hardell, Esq.</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">Craigmuir Chambers, P.O. Box 761</font></div>

<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">Road Town, Tortola, B.V.I.</font></div>

<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">Attention:&#160;&#160;Eileen Hardell, Assistant Secretary</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Fax: +31-80-310-5485</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 address at which any Party may receive a notice may be changed by delivery of written notice of a new address to the other Parties.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.2</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Severability</font>.</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">If any term, provision or condition of this Agreement, or any application thereof, is held invalid, illegal or unenforceable in any respect under any Law, this Agreement shall be reformed to the extent necessary to conform, in each case consistent with the intention of the Parties, to such Law, and to the extent such term, provision or condition cannot be so reformed, then such term, provision or condition (or such invalid, illegal or unenforceable application thereof) shall be deemed deleted from (or prohibited under) this Agreement, as the case may be, and the validity, legality and enforceability of the remaining terms, provisions and conditions contained herein (and any other application of such term, provision or condition) shall not in any way be affected or impaired thereby.&#160;&#160;Upon such determination that any term or other provision or </font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">condition is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible.</font></font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.3</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Entire Agreement; Amendments</font>.</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">This Agreement, the Confidential Memorandum and the JEMA, and the Schedules (including amendments and supplements thereto) hereto and thereto, contain the entire understanding among the Parties relating to the subject matter contained herein and therein and merges all prior negotiations, agreements, letters of intent, protocols, and discussions among them relating to the subject matter contained herein and therein.&#160;&#160;That certain Letter of Intent dated August 7, 2014, as amended, among Helix, OneSubsea US and STC, is hereby terminated.&#160;&#160;This Agreement may be altered, amended, or repealed, and a new agreement adopted, only by the mutual written agreement of the Parties.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.4</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Waiver of Rights</font>.</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">A Party may, only by an instrument in writing, waive compliance by another Party with any term or provision of this Agreement on the part of such other Party to be performed or complied with.&#160;&#160;The waiver by any Party of a breach of any term or provision of this Agreement shall not be construed as a waiver of any subsequent breach.&#160;&#160;No failure or delay on the part of any Party in the exercise of any power or right under this Agreement shall operate as a waiver, nor shall any single or partial exercise of any such power or right preclude any other or further exercise of such right or power.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.5</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Binding Effect</font>.</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">This Agreement shall be binding upon and inure to the sole benefit of the Parties, and subject to the terms of this Agreement, their respective successors and permitted assigns, and no other person shall be entitled to enforce this Agreement, rely on any representation, warranty, covenant or agreement contained herein, receive any rights hereunder or be a third party beneficiary of this Agreement.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.6</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Parties Not a Partnership or Legal Entity</font>.</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">This Agreement shall constitute a contractual commitment of the Parties and shall not be deemed a partnership, limited partnership, limited liability company, joint stock company, or other legal entity for any purpose or to appoint one Party to act as the general agent of another Party.&#160;&#160;Each Party specifically disclaims liability to any third Party for the actions or failures of the other Party, whether or not such actions or failure are in accordance with this Agreement.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.7</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Assignment</font>.</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">No Party shall assign any of its rights or obligations under this Agreement to a third party without the prior written consent of each of the other Parties; <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">provided</font> that such assignment shall not relieve such assigning Party of any of its obligations and responsibilities to the non-assigning Party unless expressly released from same in writing by such non-assigning Parties.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.8</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Publicity</font>.</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">As soon as practicable following the execution of this Agreement the Parties shall prepare a joint press release in mutually agreeable form announcing the execution of this Agreement and describing certain of the provisions contained herein.&#160;&#160;At mutually acceptable times during the term of this Agreement the Parties shall prepare additional joint press releases in mutually agreeable form announcing the completion of various achievements or milestones resulting from the provisions contained in this Agreement.&#160;&#160;Each Party agrees that each of the other Parties may be required to make certain disclosures with respect to this Agreement and the transactions contemplated hereby in accordance with applicable Laws.&#160;&#160;Other than the Current Report on Form 8-K to be filed by Helix following the execution of this Agreement, the filing of which is hereby acknowledged and agreed, prior to making any such required disclosure the Party required to make such disclosure will use its reasonable efforts to provide the other Parties in advance of such disclosure the content of the proposed disclosure and the proposed time, manner and place of such disclosure.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.9</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Compliance by Affiliates</font>.</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">Each Party shall cause its Affiliates to comply with the provisions of this Agreement, including Article&#160;2.&#160;&#160;Any breach of the provisions of this Agreement by an Affiliate of a Party shall be deemed a breach of the provisions of this Agreement by such Party.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.10</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Equitable Remedies</font>.</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">Notwithstanding the provisions of Article&#160;13 above, each Party hereby acknowledges and agrees that nothing contained in this Agreement shall preclude any Party from seeking equitable relief, including specific performance, in a court of competent jurisdiction, in addition to all other remedies available to such Party.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.11</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Good Faith and Fair Dealing</font>.</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">With regard to their respective obligations and commitments under this Agreement, each Party covenants that it shall act in good faith and deal fairly with the other Parties hereto.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.12</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Further Assurance</font>.</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">The Parties shall execute and deliver, or cause to be executed and delivered, such other agreements, assignments, conveyances, certificates, and documents as are required, necessary, or appropriate to effect the purposes of this Agreement.&#160;&#160;The Parties shall also make all provisions of notice, governmental registrations, administrative filings, and receipt of consents necessary or advisable to make the transactions contemplated by this Agreement.</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.13</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Construction of Ambiguity</font>.</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">Each Party agrees and acknowledges that this Agreement has been jointly negotiated and drafted and expresses the collective intent of the Parties.&#160;&#160;Accordingly, in the event an ambiguity exists with regard to the interpretation of any particular provision of this Agreement, the rule of </font></div>

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<div style="TEXT-INDENT: 36pt; 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="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; FONT-SIZE: 14pt">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">examples shall not be construed to limit, expressly or by implication, the matter they illustrate;</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.14</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Expenses</font>.</font></font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Section 14.16</font><font id="TAB2" style="LETTER-SPACING: 9pt; FONT-FAMILY: Arial; 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">Choice of Law</font>.</font></font></div>

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<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td valign="top" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
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<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
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<div style="TEXT-INDENT: 0pt; DISPLAY: block">
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<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
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<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td valign="top" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">&#160;</font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

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<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
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<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

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<div>
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<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid; BORDER-RIGHT: black 2px solid">
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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">TBD</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">(under construction)</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">TBD</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">(under construction)</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">Chartered (time charter)</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">Note: Some of the Helix Alliance Assets are under long-term contracts.&#160;&#160;For example, depending on the date the vessels are constructed and delivered, under current contracts <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Siem Helix 1</font> and <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt">Siem Helix 2</font> may be 100% Unavailable for a term of years.</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="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 14pt; TEXT-DECORATION: underline">SCHLUMBERGER ALLIANCE SERVICES</font></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">Standard Cased-hole Wireline Services in the Gulf of Mexico and North Sea</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">Standard Slickline Services in the Gulf of Mexico and North Sea</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">Standard Coiled Tubing Services in the Gulf of Mexico and North Sea</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"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Service Name</font></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"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Description</font></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">Additional Cased-hole Wireline services</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">Needed for understanding of well and reservoir to optimize production. Includes services such as Scanner services, ReSOLVE instrumented wireline, Analysis behind casing, StreamLine, etc.</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">Additional Coiled Tubing services</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">CT applications include matrix and fracture stimulation, wellbore cleanout, logging, perforating, nitrogen kickoff, sand control, drilling, cementing, well circulation, and mechanical isolation</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">Integrated Project Management (IPM)</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">Delivering project management for well intervention necessary to abanadon, maintain or increase production. Will cover well engineering, wellsite supervision, logistics, procurement etc.</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">Cementing services for supporting and protecting well casing and providing zonal isolation.</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">Solids control and drilling waste management services to optimize drilling</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"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 14pt">Description</font></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">Well Testing</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">Well testing services for confirming well performance</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">Completions Products</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">Completion products needed for well intervention</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">Perforating</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">Optimized perforating system to achieve enhanced production including TCP, wireline perforating etc.</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">Sand Control</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">Sand control services for prevention of migration of reservoir sand into the wellbore and providing stability and increasing productivity</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">Stimulation</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">Hydraulic fracturing and matrix stimulation treatment for enhancing well productivity</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">ESP</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">Electric submersible pump for enhancing well production</font></div>
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<td valign="middle" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid">
<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">Production Logging, monitoring and optimization</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">Production logging for downhole flow regime</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">Multilateral and Sidetracking</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">Multilateral technology for reentering existing well</font></div>
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