OFFSHORE LOGISTICS INC
AMENDMENT #1 TO SIKORSKY AGREEMENT
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<TYPE>EX-10.2
<SEQUENCE>8
<FILENAME>h31190exv10w2.htm
<DESCRIPTION>AMENDMENT #1 TO SIKORSKY AGREEMENT
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT
10.2</B>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AMENDMENT TO S-76 NEW HELICOPTER SALES AGREEMENT</B>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>THIS AMENDMENT</B>, dated as of the Acceptance Date stated below, by and between the Sikorsky
Contracting Entity (&#147;Sikorsky&#148;) named below and the Buyer named below, hereby amends the S-76 New
Helicopter Sales Agreement between the parties as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;<I>Definitions/Information for this Amendment</I>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Buyer:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Offshore Logistics, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Sikorsky Contracting Entity:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sikorsky Aircraft Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Sikorsky Contract No.:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">S76TD02065</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amendment No.:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1</TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;<I>Amendment </I>&#151; Amend the S-76 Sales Agreements as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revise Exhibit&nbsp;A. FOR THE 2002 DELIVERED AIRCRAFT ONLY, as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;Add 6086 Collective guards.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;Add 8660 Rotor Pedals Lube Kit
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;Add 9009 Vertical Pylon Access Panels, CSN-76-207
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;Add 9011 Three (3)&nbsp;Corrosion Inspection Holes
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;Add 8876 Cyclic Stick Position Guard
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;Add 8301 Annuciator &#147;Fuel Transfer Feed On&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;Delete 9014 Meggitt Avionics CVR: SC500-120
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;Add 9021 L3 CVR (replaces Meggitt SCR500-120)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;Add 9016: Life Vest Pouches (remove from fuel deck).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;Add 9017: Boarding Card Stowage on ERDA Seats.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;Add 9018: Covers and Drains on Flight Manual Holders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;Add 9019: Delete Floor Cover and Add Non-Skid.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;Add 9020 Mobile 291 Engine Oil
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;Change 9002 to read HUMS provisions (wire harness shelving)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.&nbsp;Add 3451 Standby Attitude Indicator ADI-335D to aircraft 527
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.&nbsp;Add 3452 NAVLNAV2 switch for AD-335D to aircraft 527
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="font-size:14pt"><B>*</B></FONT>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment and Price changes in Items 17 and 18 above reflect a credit to Buyer in
the amount of $46,000 as a result of the specified configuration changes.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.&nbsp;Delete Exhibit&nbsp;D and substitute the attached Aircraft Envelope and Weight Breakdown
charts.
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Reaffirmation </I>&#151; Except as modified above, all of the provisions of
the Agreement remain the same, and the Agreement as modified hereby,
is reaffirmed.</TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>IN WITNESS WHEREOF, </B>this Amendment has been executed by each party&#146;s authorized
representative.
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Offshore Logistics, Inc.:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sikorsky Aircraft Corporation:</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>/s/ Drury A. Milke</U>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: <U>/s/ Tommy H. Thomason</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name: <u>Drury A. Milke</u>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: <u>Tommy H. Thomason</u></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: <u>Executive Vice President</u>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: <u>Vice President &#151; Civil Programs</u></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: <u>February&nbsp;12, 2003</u>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date: <u>February&nbsp;14, 2003</u></TD>
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