FIRST AMENDMENT TO SECOND AND RESTATED REGISTRATION RIGHTS AGREEMENT
Exhibit 4.4
FIRST AMENDMENT TO
SECOND AND RESTATED
REGISTRATION RIGHTS AGREEMENT
FIRST AMENDMENT (the Amendment) to that certain Second Amended and Restated Registration Rights Agreement (the Registration Rights Agreement) dated February 12, 2010, among Geokinetics Inc., a Delaware corporation (including its successors, the Company), Avista Capital Partners, L.P., a Delaware limited partnership, Avista Capital Partners (Offshore), L.P., a Bermuda limited partnership (together with Avista Capital Partners, L.P., the Avista Holders), Levant America S.A., a Liberian corporation (Levant), and Petroleum Geo-Services ASA, a Norwegian corporation (PGS, and collectively with the Avista Holders and Levant, the Security Holders).
Capitalized terms not otherwise defined herein shall have the meanings specified for such terms in the Registration Rights Agreement.
WHEREAS, the Avista Holders, PGS and Levant collectively constitute Requesting Holders;
NOW THEREFORE, the undersigned hereby agree as follows:
1. The first sentence of Section 2.1(i) of the Registration Rights Agreement is hereby amended and restated to read in its entirety as follows:
(i) In lieu of any of the Demand Registration and if the Company has established a shelf offering of newly issued shares of Common Stock (the Company Shelf Shares) under the Securities Act to be made on a continuous basis pursuant to Rule 415 on Form S-3 (the Company Shelf), each of the Avista Holders and PGS may issue a Demand Request for the Company to sell Company Shelf Shares and use the proceeds from such sale to purchase all or any portion of (i) t he Registrable Shares held by such Requesting Holder (the Shelf Funded Repurchase) at a price equal to the price at which the Company Shelf Shares were sold less any underwriting discounts and commission (the Net Price) or (ii) to purchase all or any portion of any warrants to purchase Registrable Shares held by such Requesting Holder at a price per Registrable Share underlying the warrant (Warrant Share) equal to the Net Price less the applicable exercise price per Warrant Share.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized signatories as of the date first written above.
| GEOKINETICS INC. | |
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| By: | /s/ Richard F. Miles |
| Name: | Richard F. Miles |
| Title: | President |
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| PETROLEUM GEO-SERVICES ASA | ||
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| By: | /s/ Gottfred Langseth | |
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| Name: | Gottfred Langseth | |
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| Title: | Chief Financial Officer | |
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| Address: | ||
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| Strandveien 4 | ||
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| P.O. Box 89 | ||
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| N-1325 Lysaker | ||
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| Norway | ||
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| Attention: General Counsel | ||
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| Facsimile: +47 67 53 68 83 | ||
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| Copy to: |
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| Baker Botts L.L.P. |
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| One Shell Plaza |
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| 910 Louisiana |
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| Houston, Texas 77002 |
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| Attention: Joe S. Poff |
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| Facsimile: (713) 229-7710 |
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| AVISTA CAPITAL PARTNERS, L.P. | |
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| By: AVISTA CAPITAL PARTNERS GP, LLC, | |
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| By: | /s/ Jeff Gunst |
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| Jeff Gunst |
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| Authorized Signatory |
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| Address: | |
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| 1000 Louisiana Street, Suite 1200 | |
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| Houston, Texas 77002 | |
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| Telecopy: (713) 328-1097 | |
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| Attention: Jeff Gunst | |
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| AVISTA CAPITAL PARTNERS | |
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| By: AVISTA CAPITAL PARTNERS GP, LLC, | |
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| By: | /s/ Jeff Gunst |
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| Jeff Gunst |
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| Authorized Signatory |
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| Address: | |
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| 1000 Louisiana Street, Suite 1200 | |
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| Houston, Texas 77002 | |
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| Telecopy: (713) 328-1097 | |
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| Attention: Jeff Gunst | |
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| Copy to: |
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| Gardere Wynne Swell LLP | |
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| 1000 Louisiana Street, Suite 3400 | |
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| Houston, Texas 77002 | |
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| Facsimile: (713) 276-6202 | |
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| Attention: Steven D. Rubin |
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| LEVANT AMERICA S.A. | |
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| By: | /s/ K.H. Hannan, Jr. |
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| K. H. Hannan, Jr. | |
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| Attorney in Fact | |
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| Colonial Navigation Company, Inc. | |
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| 750 Lexington Ave. 26th Floor | |
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| New York, New York 10022 | |
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| Telecopy: (212) 319-2826 | |
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| Attention: K. H. Hannan, Jr. |
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