(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Entry into a Material Definitive Agreement

Other Events

Financial Statements and Exhibits

Exhibit
No.

Description

/s/ John Gellert

Amendment of the Credit Agreement. The parties hereto agree that:

All references to “this Agreement” shall be deemed to refer to the Credit Agreement, as amended and supplemented hereby, and each reference to the “Credit Agreement”, including any prior iteration thereof, in any Transaction Document shall be deemed to be a reference to the Credit Agreement as amended, supplemented or otherwise modified from time to time, including but not limited to as amended and supplemented by this Amendment.

(i) Each of SEACOR Offshore Mystery and SEACOR Offshore Mischief shall accede to the Credit Agreement as an additional Subsidiary Guarantor, each of Putford Achiever Limited, Putford Saviour Limited, Putford Pride Limited and Putford Jaguar Limited (together, the “Released Subsidiary Guarantors”) and each of Putford Defender Limited and Putford Phoenix Limited (together, the “Released Additional Support Vessel Owners” and, together with the Released Subsidiary Guarantors, the “Released Vessel Owners”) shall be released from their obligations as Subsidiary Guarantors, each of SEACOR Offshore Safety Limited and Boston Putford Offshore Safety Limited (together, the “Released Relevant Parents” and, together with the Released Vessel Owners, the “Released Parties”) shall be released from their obligations as Relevant Parents, and Schedule 1-A of the Credit Agreement shall be replaced in its entirety with Schedule 1-A attached hereto.

Schedule 4 of the Credit Agreement shall be replaced in its entirety with Schedule 4 attached hereto.

Section 1.1 of the Credit Agreement shall be amended by deleting the definition of Designated Jurisdiction and replacing it with the following:

Section 1.1 of the Credit Agreement shall be amended by deleting the definition of Vessel Manager and replacing it with the following:

Section 1.1 of the Credit Agreement shall be amended by adding the following definitions:

Section 2.1(m) of the Credit Agreement shall be amended to read as follows:

Section 9.2(s)(i) of the Credit Agreement shall be amended by replacing “other than bareboat charters to Affiliates” with “other than any Approved Bareboat Charter”.

This Amendment. Each of the parties hereto shall have duly executed and delivered this Amendment;

Corporate Authority. The Facility Agent shall have received the following documents in form and substance reasonably satisfactory to the Facility Agent:

copies, certified as true and complete by an officer, director or managing member (as applicable) of each of SEACOR Offshore Mystery, SEACOR Offshore Mischief, and each other Credit Party (other than the Released Parties) of the resolutions of the directors, members or managers thereof evidencing approval of this Amendment and with respect to the New Vessel Owning Entities, the New Collateral Vessel Security Documents to which each is or is to be a party, as the case may be, and authorizing an appropriate person or persons or attorney-in-fact or attorneys-in-fact to execute the same on its behalf, or other evidence of such approvals and authorizations;

copies, certified as true and complete by an officer, director or managing member (as applicable) of each of SEACOR Offshore Mystery, SEACOR Offshore Mischief and each other Credit Party (other than the Released Parties) of all documents evidencing any other necessary action (including actions by such parties thereto other than SEACOR Offshore Mystery, SEACOR Offshore Mischief and each other Credit Parties (other than the Released Parties) as may be required by the Lenders), approvals or consents with respect to this Amendment and with respect to the New Vessel Owning Entities, the New Collateral Vessel Security Documents to which each is or is to be a party, as the case may be;

copies, certified as true and complete by an officer, director or managing member (as applicable) of each of SEACOR Offshore Mystery, SEACOR Offshore Mischief and each other Credit Party (other than the Released Parties) of the certificate of formation, articles of incorporation, operating agreement or by-laws, as the case may be, or equivalent instruments thereof;

certificate of the jurisdiction of formation of SEACOR Offshore Mystery and SEACOR Offshore Mischief and each other Credit Party (other than the Released Parties) as to the good standing thereof;

copies, certified as true and complete by an officer, managing member or director (as applicable) of each of SEACOR Offshore Mystery, SEACOR Offshore Mischief and each other Credit Party (other than the Released Parties) of the names and true signatures of the officers or directors (as applicable) of such New Vessel Owning Entity and such other Credit Party (other than the Released Parties) signing this Amendment and with respect to the New Vessel Owning Entities, each New Collateral Vessel Security Document to which it is or is to be a party and the other documents to be delivered hereunder and thereunder, as the case may be; and

a certificate signed by an officer, managing member or director (as applicable) of each of SEACOR Offshore Mystery, SEACOR Offshore Mischief and each other Credit Party (other than the Released Parties) (or its managing member) to the effect that the representations and warranties of SEACOR Offshore Mystery, SEACOR Offshore Mischief and such other Credit Party (other than the Released Parties) contained in this Amendment, and with respect to the New Vessel Owning Entities, the other New Collateral Vessel Security Documents to which each is or is to be a party, as the case may be, are true and correct as of the date of such certificate;

The New Credit Support Vessels. The Facility Agent shall have received evidence satisfactory to it that each New Credit Support Vessel:

is in the sole and absolute ownership of the relevant New Vessel Owning Entity and duly registered in such New Vessel Owning Entity’s name under the laws and flag of the relevant Designated Jurisdiction, unencumbered, save and except for the relevant Mortgage recorded against it, the Assignments, and Permitted Liens;

is classed in the highest classification and rating for vessels of the same age and type with the respective Classification Society without any material outstanding recommendations affecting class;

is operationally seaworthy and in every way fit for its intended service; and

insured in accordance with the provisions of the applicable Mortgage and Section 9.1(v) of the Credit Agreement and all requirements of the applicable Mortgage and Section 9.1(v) of the Credit Agreement in respect of such insurance have been fulfilled (including, but not limited to, letters of undertaking from the insurance brokers, including confirmation notices of assignment, notices of cancellation and loss payable clauses acceptable to the Facility Agent);

Mortgages. Each New Vessel Owning Entity shall have duly executed, and delivered to the Facility Agent, the Mortgage over its New Credit Support Vessel;

Recording of the Mortgages. The Facility Agent shall have received satisfactory evidence that the Mortgage over each New Credit Support Vessel has been duly recorded under the laws of the relevant Designated Jurisdiction and constitutes a first preferred mortgage lien under the laws of the relevant Designated Jurisdiction;

Pledge Agreements. Each Relevant Parent of each New Vessel Owning Entity shall have duly executed, and delivered to the Facility Agent, a Pledge Agreement over its New Vessel Owning Entity;

Assignments. Each of the New Vessel Owning Entities shall have delivered to the Facility Agent duly executed copies of the following (collectively, with the Mortgages over the New Credit Support Vessels and the Pledge Agreements relating to the New Vessel Owning Entities, the “New Collateral Vessel Security Documents”):

an Insurances Assignment over each New Credit Support Vessel;

an Earnings Assignment over each New Credit Support Vessel;

a Charter Assignment with respect to any Charter in excess of (or capable of exceeding, by virtue of any optional extension) 12 months over each New Credit Support Vessel (on a commercially reasonable basis if the relevant vessel employment agreement expressly prohibits such assignment); and

the Assignment Notices with respect to the above mentioned Assignments;

Vessel Liens. Each New Vessel Owning Entity shall deliver to the Facility Agent evidence satisfactory to it and to its counsel that, save for the liens created by the Mortgage and the Assignments, there are no liens, charges or encumbrances of any kind whatsoever on its New Credit Support Vessel, or on its earnings except as permitted by the Credit Agreement or by any of the New Collateral Vessel Security Documents;

Compliance with ISM Code, ISPS Code, Annex VI and MTSA. Each New Vessel Owning Entity shall deliver to the Facility Agent evidence satisfactory to it and to its counsel that its New Credit Support Vessel complies and the Operator complies with the requirements of the ISM Code, ISP Code, Annex VI and MTSA including (but not limited to) the maintenance and renewal of valid certificates pursuant thereto and the Facility Agent shall have received a copy of the DOC, SMC, ISSC and IAPPC for each such New Credit Support Vessel;

No Threatened Withdrawal of DOC, ISSC, SMC or IAPPC. Each New Vessel Owning Entity shall deliver to the Facility Agent a certificate of such New Vessel Owning Entity certifying that there is no actual or, to the best of such New Vessel Owning Entity’s knowledge, threatened withdrawal of any Operator’s DOC, ISSC, SMC, IAPPC or other certification or documentation related to the ISM Code, ISPS Code, Annex VI or otherwise required for the operation of its New Credit Support Vessel or in respect to such New Vessel Owning Entity’s New Credit Support Vessel;

Evidence of Current COFR. The Facility Agent shall have received evidence of current compliance with any applicable requirement for a Certificate of Financial Responsibility pursuant to the Oil Pollution Act 1990 for each New Credit Support Vessel, as applicable;

Vessel Appraisals. The Facility Agent shall have received two appraisals of the Fair Market Value of each New Credit Support Vessel in form and substance satisfactory to the Facility Agent, and the aggregate Fair Market Value (as evidenced by such appraisals) of all the New Credit Support Vessels to be mortgaged to the Security Trustee shall, on the Effective Date be equal to or greater than the Fair Market Value of the Released Vessels;

Insurance Report. The Facility Agent shall have received a detailed report from a firm of independent marine insurance consultants appointed by the Facility Agent in respect of the insurances on each New Credit Support Vessel, in form and substance satisfactory to the Facility Agent, the cost of such report to be for the account of the Borrower;

Vessel Manager Documents. Each Vessel Manager managing a New Credit Support Vessel shall have duly executed and delivered to the Facility Agent the Vessel Manager’s Undertaking relating to the relevant New Credit Support Vessel together with a copy of the Management Agreement;

Filings. Each New Vessel Owning Entity shall have duly delivered to the Facility Agent the Uniform Commercial Code financing statements for filing with such jurisdictions as the Facility Agent may reasonably require;

Licenses, Consents and Approvals. The Facility Agent shall have received satisfactory evidence that all necessary licenses, consents and approvals in connection with the transactions contemplated by this Amendment and the New Collateral Vessel Security Documents have been obtained;

Know Your Customer Requirements. The Facility Agent shall have received documentation to the satisfaction of each Lender in connection with its know your customer requirements relating to the New Vessel Owning Entities;

Legal Opinions. The Facility Agent shall have received legal opinions addressed to the Lenders from Watson Farley & Williams LLP, special counsel to the Security Parties and Vessel Owning Entities, as to matters of New York law, Delaware law, Marshall Islands law and United States maritime law, in such form as the Facility Agent may require, as well as such other legal opinions as the Facility Agent shall have required as to all or any matters under the laws of the United States of America, the State of New York, the State of Delaware and the Republic of the Marshall Islands in a form acceptable to the Facility Agent and its counsel;

Charters. The Facility Agent shall have received certified copies of all Charters relating to the New Credit Support Vessels; and

Inventory of Hazardous Materials. The Facility Agent shall have received a copy of the Inventory of Hazardous Materials with respect to each New Credit Support Vessel, commencing on the date of the first drydocking of such New Credit Support Vessel after the Closing Date.

a Charter Assignment relating to the SEACOR CHEETAH Charter, in form and substance acceptable to the Facility Agent, together with a certified copy of the SEACOR CHEETAH Charter;

a letter of undertaking given by the Charterer of the SEACOR CHEETAH, addressed to The Director General of the Nigerian Maritime Administration and Safety Agency granting the Charterer’s irrevocable consent to the deregistration of the SEACOR CHEETAH if, inter alia, there is an Event of Default under the Credit Agreement;

a deregistration power of attorney given by the SEACOR CHEETAH Charterer in favor of, inter alios, the Security Trustee;

evidence satisfactory to the Facility Agent that the SEACOR CHEETAH is in the sole and absolute ownership of Sea-Cat Crewzer LLC and duly bareboat registered under the laws and flag of Nigeria, unencumbered, save and except for the Mortgage recorded against it and reflected in the bareboat registration, the Assignments, and Permitted Liens;

if applicable, a Vessel Manager’s Undertaking relating to the SEACOR CHEETAH together with a copy of the Management Agreement;

if applicable, an Insurances Assignment relating to the SEACOR CHEETAH together with any Assignment Notices;

a Nigerian legal opinion and any other legal opinions as may be required by the Facility Agent, each in form and substance acceptable to the Facility Agent and each being from such Nigerian or other legal counsel acceptable to the Facility Agent in its sole discretion; provided that the Facility Agent may in its sole discretion consent to the delivery of such legal opinions following commencement of the bareboat registration by such time as the Facility Agent may specify; and

any other document, undertaking, or information reasonably required by the Facility Agent in connection with the bareboat registration.

all acts, filings, conditions and things required to be done and performed and to have happened (including, without limitation, the obtaining of all necessary corporate or shareholder approvals and all governmental approvals, including those of any monetary or exchange control authority) precedent to the entering into of this Amendment to constitute this Amendment the duly authorized, legal, valid and binding obligation of such Credit Party (other than the Released Parties) or SEACOR Offshore Mystery and SEACOR Offshore Mischief, as applicable, enforceable in accordance with its terms, have been done, performed and have happened in due and strict compliance with all applicable laws; and

immediately after giving effect to this Amendment, the representations and warranties set forth in the Credit Agreement, as amended hereby, are true and correct in all material respects, except for (A) representations and warranties which expressly relate to an earlier date, in which case such representations and warranties shall be true and correct, in all material respects, as of such earlier date, or (B) representations and warranties which are no longer true and correct as of a result of a transaction expressly permitted by the Credit Agreement as amended hereby, and no Event of Default shall have occurred and be continuing.

Borrower

Party

Parent Guarantor

Subsidiary Guarantors

Relevant Parents