0000950123-11-017846 Sample Contracts

PARTICIPATION AGREEMENT SUPPLEMENTAL INCOME PLAN OF GULFMARK OFFSHORE, INC.
Participation Agreement • February 24th, 2011 • Gulfmark Offshore Inc • Oil & gas field machinery & equipment

As provided in the above referenced Plan dated January 1, 2000 you, Bruce A. Streeter, are hereby invited to participate. By accepting the invitation to participate in the Plan, you acknowledge that you have read the Plan, understand its terms, understand that benefits will be paid pursuant to the Plan only under specific circumstances described therein, understand that you are a general creditor of the Company and that you have no interest in specific assets owned by the Company. Capitalized terms used herein shall have the same meaning defined in the Plan.

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SPLIT-DOLLAR INSURANCE AGREEMENT (Collateral Assignment)
Split-Dollar Insurance Agreement • February 24th, 2011 • Gulfmark Offshore Inc • Oil & gas field machinery & equipment • Louisiana

THIS AGREEMENT is entered into this 1st day of January, 2000, effective as of January 1, 2000, by and between GM Offshore, Inc., a Delaware corporation, hereinafter call “the Company,” and John E. Leech, hereinafter call “Employee.”

SPLIT-DOLLAR INSURANCE AGREEMENT (Collateral Assignment)
Split-Dollar Insurance Agreement • February 24th, 2011 • Gulfmark Offshore Inc • Oil & gas field machinery & equipment • Louisiana

THIS AGREEMENT is entered into this 1st day of January, 2000, effective as of January 1, 2000, by and between GM Offshore, Inc., a Delaware corporation, hereinafter call “the Company,” and Bruce A. Streeter hereinafter call “Employee.”

AMENDMENT ONE TO PARTICIPATION AGREEMENT SUPPLEMENTAL INCOME PLAN OF GULFMARK OFFSHORE, INC. Compliance with IRC § 409A for post-2004 deferrals
Participation Agreement • February 24th, 2011 • Gulfmark Offshore Inc • Oil & gas field machinery & equipment

You, John E. Leech, became a participant in the Supplemental Income Plan of Gulfmark Offshore, Inc. (the “Plan”) effective January 1, 2000. Effective generally as of January 1, 2005 for amounts deferred under the Plan after 2004, Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) imposed new requirements on nonqualified deferred compensation. This Amendment One to Participation Agreement (this “Amendment”) conforms your participation in the Plan to the requirements of Section 409A for amounts deferred under the Plan after 2004.

AMENDMENT ONE TO PARTICIPATION AGREEMENT SUPPLEMENTAL INCOME PLAN OF GULFMARK OFFSHORE, INC. Compliance with IRC § 409A for post-2004 deferrals
Participation Agreement • February 24th, 2011 • Gulfmark Offshore Inc • Oil & gas field machinery & equipment

You, Bruce A. Streeter, became a participant in the Supplemental Income Plan of Gulfmark Offshore, Inc. (the “Plan”) effective January 1, 2000. Effective generally as of January 1, 2005 for amounts deferred under the Plan after 2004, Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) imposed new requirements on nonqualified deferred compensation. This Amendment One to Participation Agreement (this “Amendment”) conforms your participation in the Plan to the requirements of Section 409A for amounts deferred under the Plan after 2004.

PARTICIPATION AGREEMENT SUPPLEMENTAL INCOME PLAN OF GULFMARK OFFSHORE, INC.
Participation Agreement • February 24th, 2011 • Gulfmark Offshore Inc • Oil & gas field machinery & equipment

As provided in the above referenced Plan dated January 1, 2000 you, John E. Leech, are hereby invited to participate. By accepting the invitation to participate in the Plan, you acknowledge that you have read the Plan, understand its terms, understand that benefits will be paid pursuant to the Plan only under specific circumstances described therein, understand that you are a general creditor of the Company and that you have no interest in specific assets owned by the Company. Capitalized terms used herein shall have the same meaning defined in the Plan.

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