Exhibit 10.1

 

FIRST AMENDMENT

 

TO

 

REGISTRATION RIGHTS AGREEMENT

 

This First Amendment to the Registration Rights Agreement (this “First
Amendment”) is made and entered into as of March 28, 2006, by and among
Geokinetics Inc., a Delaware corporation (the “Company”), and the purchasers
signatory hereto (each such purchaser is a “Purchaser,” and collectively, the
“Purchasers”).

 

RECITALS

 

WHEREAS, the Company and the Purchasers are parties to that certain Registration
Rights Agreement, dated as of November 30, 2005 (the “Registration Rights
Agreement”), and that certain Securities Purchase Agreement, dated as of
November 30, 2005 (the “Purchase Agreement”); and

 

WHEREAS, the Company and the Purchasers desire to amend the Registration Rights
Agreement as set forth herein.

 

NOW, THEREFORE, in consideration of the mutual covenants contained in this First
Amendment, the Company and the Purchasers hereby agree as follows:

 

1.             Amendment to Effectiveness Date. The definition of “effectiveness
date” under Section 1 of the Registration Rights Agreement is hereby deleted and
replaced with the following:

 

“Effectiveness Date” means, with respect to the initial Registration Statement
required to be filed hereunder, April 30, 2006 (May 31, 2006 in the case of a
“full review” by the Commission) and, with respect to any additional
Registration Statements which may be required pursuant to Section 3(c), the 90th
calendar day following the date on which the Company first knows, or reasonably
should have known, that such additional Registration Statement is required
hereunder; provided, however, in the event the Company is notified by the
Commission that one of the above Registration Statements will not be reviewed or
is no longer subject to further review and comments, the Effectiveness Date as
to such Registration Statement shall be the fifth Trading Day following the date
on which the Company is so notified if such date precedes the dates required
above.

 

2.             Amendment to Liquidated Damages. Section 2(b) of the Registration
Rights Agreement is hereby amended to add the following new sentence as the last
sentence thereof:

 

“Notwithstanding the foregoing, in no event shall the foregoing liquidated
damages exceed an amount equal to ten percent (10%) of the aggregate purchase
price paid by such Holder pursuant to the Purchase Agreement for any Registrable
Securities then held by such Holder.”

 

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3.             Remainder of Registration Rights Agreement Unchanged. Except as
set forth herein, the terms and provisions of the Registration Rights Agreement
shall be unchanged hereby and shall remain in full force and effect.

 

4.             Governing Law. All questions concerning the construction,
validity, enforcement and interpretation of this First Amendment shall be
determined with the provisions of the Purchase Agreement.

 

5.             Counterparts. This First Amendment may be executed in two or more
counterparts, each of which shall constitute an original, but all of which, when
taken together, shall constitute but one and the same instrument, and shall
become effective when one or more counterparts have been signed by each party
hereto and delivered (including by facsimile) to the other party.

 

6.             Binding Effect. This First Amendment shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
permitted assigns.

 

[Remainder of Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be
executed by their duly authorized representatives as of the day and year first
above written.

 

 

GEOKINETICS INC.

 

 

 

 

 

By:

 

 

 

 

Tom Concannon, Chief Financial Officer

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

REGISTRATION RIGHTS AGREEMENT]

 

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PURCHASER:

 

 

 

 

 

 

 

 

Alan Williams, Individually

 

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PURCHASER:

 

 

 

BATTERSEA CAPITAL, INC.

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

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PURCHASER:

 

 

 

 

 

ENABLE GROWTH PARTNERS, LP

 

 

 

 

 

By:

 

 

 

 

Brendan O’Neil

 

 

 

Principal and Portfolio Manager

 

 

 

 

 

 

 

 

 

 

ENABLE OPPORTUNITY PARTNERS LP

 

 

 

 

 

By:

 

 

 

 

Brendan O’Neil

 

 

 

Principal and Portfolio Manager

 

 

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PURCHASER:

 

 

 

 

 

LANDSBERGER FAM. TRUST

 

 

 

 

 

By:

 

 

 

Name: John A. Landsberger

 

Title: Trustee

 

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PURCHASER:

 

 

 

MAPLE LEAF OFFSHORE LTD.

 

 

 

 

 

By:

 

 

 

 

Dane C. Andreeff, Director

 

 

 

 

 

 

 

 

 

 

MAPLE LEAF PARTNERS L.P.

 

 

 

 

 

By:

 

 

 

 

Dane C. Andreeff, General Partner

 

 

 

 

 

 

 

 

 

 

MAPLE LEAF PARTNERS I, L.P.

 

 

 

 

 

 

 

 

By:

 

 

 

 

Dane C. Andreeff, General Partner

 

 

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PURCHASER:

 

 

 

 

 

 

 

 

Michael Thesman, Individually

 

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PURCHASER:

 

 

 

 

 

S.A.C. CAPITAL ASSOCIATES, LLC

 

 

 

 

 

By:

S.A.C. CAPITAL ADVISORS, LLC

 

 

 

 

 

 

 

 

 

By:

 

 

 

 

Thomas J. Conheeney

 

 

 

Chief Operating Officer

 

 

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PURCHASER:

 

 

 

SPICEWOOD INVESTMENT PARTNERS
2004, LTD.

 

 

 

 

 

By:

 

 

 

 

Christopher M. Harte, General Partner

 

 

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PURCHASER:

 

 

 

 

 

 

 

 

Stephen S. Taylor, Individually

 

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PURCHASER:

 

 

 

LEVANT AMERICA S.A.

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

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PURCHASER:

 

 

 

IRONMAN ENERGY CAPITAL, L.P.

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

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PURCHASER:

 

 

 

 

 

 

 

 

William Ziegler, Individually

 

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PURCHASER:

 

 

 

 

 

 

 

 

StevenWebster, Individually

 

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PURCHASER:

 

 

 

KESTRAL CAPITAL, L.P.

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

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PURCHASER:

 

 

 

STRAUS PARTNERS, LP

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

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PURCHASER:

 

 

 

STRAUS-GEPT PARTNERS, LP

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

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PURCHASER:

 

 

 

NITE CAPITAL, LP

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

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