FIRST AMENDMENT TO SECOND AND RESTATED REGISTRATION RIGHTS AGREEMENT

EX-4.4 5 a10-23410_1ex4d4.htm EX-4.4

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.

 

 

 

 

 

By:

/s/ Richard F. Miles

 

Name:

Richard F. Miles

 

Title:

President

 

2



 

 

 

PETROLEUM GEO-SERVICES ASA

 

 

 

 

 

 

 

 

By:

/s/ Gottfred Langseth

 

 

Name:

Gottfred Langseth

 

 

Title:

Chief Financial Officer

 

 

 

 

 

Address:

 

 

Strandveien 4

 

 

P.O. Box 89

 

 

N-1325 Lysaker

 

 

Norway

 

 

Attention: General Counsel

 

 

Facsimile: +47 67 53 68 83

 

 

 

 

Copy to:

 

 

 

 

 

 

 

Baker Botts L.L.P.

 

 

 

One Shell Plaza

 

 

 

910 Louisiana

 

 

 

Houston, Texas 77002

 

 

 

Attention: Joe S. Poff

 

 

 

Facsimile: (713) 229-7710

 

 

3



 

 

 

AVISTA CAPITAL PARTNERS, L.P.

 

 

 

 

 

By: AVISTA CAPITAL PARTNERS GP, LLC,
its general partner

 

 

 

 

 

 

 

 

By:

/s/ Jeff Gunst

 

 

 

Jeff Gunst

 

 

 

Authorized Signatory

 

 

 

 

 

 

Address:

 

 

1000 Louisiana Street, Suite 1200

 

 

Houston, Texas 77002

 

 

Telecopy: (713) 328-1097

 

 

Attention: Jeff Gunst

 

 

 

 

 

 

 

 

AVISTA CAPITAL PARTNERS
(OFFSHORE), L.P.

 

 

 

 

 

By: AVISTA CAPITAL PARTNERS GP, LLC,
its general partner

 

 

 

 

 

 

 

 

By:

/s/ Jeff Gunst

 

 

 

Jeff Gunst

 

 

 

Authorized Signatory

 

 

 

 

 

 

Address:

 

 

1000 Louisiana Street, Suite 1200

 

 

Houston, Texas 77002

 

 

Telecopy: (713) 328-1097

 

 

Attention: Jeff Gunst

 

 

 

 

Copy to:

 

 

 

 

 

 

Gardere Wynne Swell LLP

 

 

1000 Louisiana Street, Suite 3400

 

 

Houston, Texas 77002

 

 

Facsimile: (713) 276-6202

 

 

Attention: Steven D. Rubin

 

4



 

 

 

LEVANT AMERICA S.A.

 

 

 

 

 

 

 

 

By:

/s/ K.H. Hannan, Jr.

 

 

K. H. Hannan, Jr.

 

 

Attorney in Fact

 

 

 

 

 

Colonial Navigation Company, Inc.

 

 

750 Lexington Ave. 26th Floor

 

 

New York, New York 10022

 

 

Telecopy: (212) 319-2826

 

 

Attention: K. H. Hannan, Jr.

 

5