##### 



Exhibit 4.3
 Conformed Copy
 
 $1,000,000,000
 CREDIT AGREEMENT
 dated as of December 16, 2005,
 among
 PETROLEUM GEO-SERVICES ASA,
 and
 PGS FINANCE, INC., together as Borrowers,
 THE OTHER GUARANTORS PARTY HERETO, as Guarantors,
 THE LENDERS PARTY HERETO,
 UBS SECURITIES LLC, CREDIT SUISSE and BARCLAYS CAPITAL, as Term Loan Lead Arrangers and
Bookrunners,
 BARCLAYS CAPITAL, UBS SECURITIES LLC and CREDIT SUISSE as Revolving Credit Lead
Arrangers and Revolving Credit Lead Bookrunners,
 DnB NOR BANK ASA
as a Revolving Credit Lead Arranger,
 UBS AG, STAMFORD BRANCH, as Term Loan Administrative Agent, Collateral Agent and Revolving
Credit Syndication Agent
 BARCLAYS BANK PLC,
as Issuing Bank and Revolving Credit Administrative Agent
 BARCLAYS CAPITAL
as Term Loan Documentation Agent
 and
 CREDIT SUISSE, CAYMAN ISLANDS BRANCH,
as Term Loan Syndication Agent and Revolving Credit Documentation Agent




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##### 



TABLE OF CONTENTS
 PageARTICLE I DEFINITIONS
    
    
    1SECTION 1.01
    
    Defined Terms
    
    
    1SECTION 1.02
    
    Classification of Loans and Borrowings
    
    
    26SECTION 1.03
    
    Terms Generally
    
    
    26SECTION 1.04
    
    Accounting Terms; GAAP
    
    
    27SECTION 1.05
    
    Resolution of Drafting Ambiguities
    
    
    27ARTICLE II THE CREDITS
    
    
    27SECTION 2.01
    
    Commitments
    
    
    27SECTION 2.02
    
    Loans
    
    
    27SECTION 2.03
    
    Borrowing Procedure
    
    
    28SECTION 2.04
    
    Evidence of Debt; Repayment of Loans
    
    
    29SECTION 2.05
    
    Fees
    
    
    30SECTION 2.06
    
    Interest on Loans
    
    
    31SECTION 2.07
    
    Termination and Reduction of Commitments
    
    
    31SECTION 2.08
    
    Interest Elections
    
    
    32SECTION 2.09
    
    Amortization of Term Borrowings and Repayment Borrowings
    
    
    33SECTION 2.10
    
    Optional and Mandatory Prepayments of Loans
    
    
    33SECTION 2.11
    
    Alternate Rate of Interest
    
    
    35SECTION 2.12
    
    Yield Protection
    
    
    36SECTION 2.13
    
    Breakage Payments
    
    
    37SECTION 2.14
    
    Payments Generally; Pro Rata Treatment; Sharing of Setoffs
    
    
    38SECTION 2.15
    
    Taxes
    
    
    40SECTION 2.16
    
    Mitigation Obligations; Replacement of Lenders
    
    
    42SECTION 2.17
    
    Letters of Credit
    
    
    43SECTION 2.18
    
    Increase in Commitments and Term Loans
    
    
    49ARTICLE III REPRESENTATIONS AND WARRANTIES
    
    
    51SECTION 3.01
    
    Organization; Powers
    
    
    51SECTION 3.02
    
    Authorization; Enforceability
    
    
    52SECTION 3.03
    
    No Conflicts
    
    
    52SECTION 3.04
    
    Financial Statements; Projections
    
    
    52SECTION 3.05
    
    Properties
    
    
    52SECTION 3.06
    
    Intellectual Property
    
    
    53SECTION 3.07
    
    Equity Interests and Subsidiaries
    
    
    53SECTION 3.08
    
    Litigation; Compliance with Laws
    
    
    54SECTION 3.09
    
    Agreements
    
    
    54SECTION 3.10
    
    Federal Reserve Regulations
    
    
    54SECTION 3.11
    
    Investment Company Act; Public Utility Holding Company Act
    
    
    54SECTION 3.12
    
    Use of Proceeds
    
    
    54SECTION 3.13
    
    Taxes
    
    
    54SECTION 3.14
    
    No Material Misstatements
    
    
    55SECTION 3.15
    
    Labor Matters
    
    
    55SECTION 3.16
    
    Solvency
    
    
    55SECTION 3.17
    
    Employee Benefit Plans
    
    
    56SECTION 3.18
    
    Environmental Matters
    
    
    56SECTION 3.19
    
    Insurance
    
    
    57SECTION 3.20
    
    Security Documents
    
    
    57SECTION 3.21
    
    Anti-Terrorism Laws
    
    
    58ARTICLE IV CONDITIONS TO CREDIT EXTENSIONS
    
    
    58SECTION 4.01
    
    Conditions to Initial Credit Extension
    
    
    58SECTION 4.02
    
    Conditions to All Credit Extensions
    
    
    61
 i




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##### 



PageARTICLE V AFFIRMATIVE COVENANTS
    
    
    61SECTION 5.01
    
    Financial Statements. Reports. etc.
    
    
    61SECTION 5.02
    
    Litigation and Other Notices
    
    
    63SECTION 5.03
    
    Existence; Businesses and Properties
    
    
    64SECTION 5.04
    
    Insurance
    
    
    64SECTION 5.05
    
    Obligations and Taxes
    
    
    65SECTION 5.06
    
    Employee Benefits
    
    
    65SECTION 5.07
    
    Maintaining Records; Access to Properties and Inspections; Annual Meetings
    
    
    65SECTION 5.08
    
    Use of Proceeds
    
    
    66SECTION 5.09
    
    Compliance with Environmental Laws; Environmental Reports
    
    
    66SECTION 5.10
    
    Interest Rate Protection
    
    
    66SECTION 5.11
    
    Additional Collateral; Additional Guarantors
    
    
    66SECTION 5.12
    
    Security Interests; Further Assurances
    
    
    67SECTION 5.13
    
    Information Regarding Collateral
    
    
    67SECTION 5.14
    
    Post Closing Obligations
    
    
    68ARTICLE VI NEGATIVE COVENANTS
    
    
    68SECTION 6.01
    
    Indebtedness
    
    
    68SECTION 6.02
    
    Liens
    
    
    69SECTION 6.03
    
    Sale and Leaseback Transactions
    
    
    71SECTION 6.04
    
    Investments, Loans and Advances
    
    
    72SECTION 6.05
    
    Mergers and Consolidations
    
    
    72SECTION 6.06
    
    Asset Sales
    
    
    73SECTION 6.07
    
    Acquisitions
    
    
    75SECTION 6.08
    
    Dividends
    
    
    76SECTION 6.09
    
    Transactions with Affiliates
    
    
    76SECTION 6.10
    
    Financial Covenants
    
    
    77SECTION 6.11
    
    Modifications of Organizational Documents and Other Documents, etc.
    
    
    77SECTION 6.12
    
    Limitation on Certain Restrictions on Restricted Subsidiaries
    
    
    77SECTION 6.13
    
    Limitation on Issuance of Capital Stock
    
    
    78SECTION 6.14
    
    Limitation on Creation of Subsidiaries
    
    
    78SECTION 6.15
    
    Business
    
    
    78SECTION 6.16
    
    Limitation on Accounting Changes
    
    
    78SECTION 6.17
    
    Fiscal Year
    
    
    79SECTION 6.18
    
    No Further Negative Pledge
    
    
    79SECTION 6.19
    
    Anti-Terrorism Laws; Anti-Money Laundering
    
    
    79SECTION 6.20
    
    Embargoed Person
    
    
    79SECTION 6.21
    
    Limitation on Inactive Restricted Subsidiaries
    
    
    80ARTICLE VII GUARANTEES
    
    
    80SECTION 7.01
    
    The Guarantees
    
    
    80SECTION 7.02
    
    Obligations Unconditional
    
    
    81SECTION 7.03
    
    Reinstatement
    
    
    81SECTION 7.04
    
    Subrogation; Subordination
    
    
    82SECTION 7.05
    
    Remedies
    
    
    82SECTION 7.06
    
    Instrument for the Payment of Money
    
    
    82SECTION 7.07
    
    Continuing Guarantee
    
    
    82SECTION 7.08
    
    General Limitation on Guarantee Obligations
    
    
    82SECTION 7.09
    
    Release of Guarantors
    
    
    82ARTICLE VIII EVENTS OF DEFAULT
    
    
    82SECTION 8.01
    
    Events of Default
    
    
    82SECTION 8.02
    
    Rescission
    
    
    84SECTION 8.03
    
    Application of Proceeds
    
    
    85ARTICLE IX AGENTS
    
    
    85SECTION 9.01
    
    Appointment and Authority
    
    
    85SECTION 9.02
    
    Rights as a Lender
    
    
    86
 ii




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##### 



PageSECTION
9.03
    
    Exculpatory Provisions
    
    
    86SECTION 9.04
    
    Reliance by Agent
    
    
    87SECTION 9.05
    
    Delegation of Duties
    
    
    87SECTION 9.06
    
    Resignation of Agent
    
    
    87SECTION 9.07
    
    Non-Reliance on Agent and Other Lenders
    
    
    87SECTION 9.08
    
    No Other Duties, etc.
    
    
    88SECTION 9.09
    
    UK Pledge Agreement
    
    
    88ARTICLE X MISCELLANEOUS
    
    
    88SECTION 10.01
    
    Notices
    
    
    88SECTION 10.02
    
    Waivers; Amendment
    
    
    90SECTION 10.03
    
    Expenses; Indemnity; Damage Waiver
    
    
    92SECTION 10.04
    
    Successors and Assigns
    
    
    94SECTION 10.05
    
    Survival of Agreement
    
    
    96SECTION 10.06
    
    Counterparts; Integration; Effectiveness; Electronic Execution
    
    
    97SECTION 10.07
    
    Severability
    
    
    97SECTION 10.08
    
    Right of Setoff
    
    
    97SECTION 10.09
    
    Governing Law; Jurisdiction; Consent to Service of Process
    
    
    97SECTION 10.10
    
    Waiver of Jury Trial
    
    
    98SECTION 10.11
    
    Headings
    
    
    98SECTION 10.12
    
    Treatment of Certain Information; Confidentiality
    
    
    98SECTION 10.13
    
    USA Patriot Act Notice
    
    
    99SECTION 10.14
    
    Interest Rate Limitation
    
    
    99SECTION 10.15
    
    Lender Addendum
    
    
    99SECTION 10.16
    
    Obligations Absolute
    
    
    99SECTION 10.17
    
    Dollar Equivalent Calculations
    
    
    99SECTION 10.18
    
    Judgment Currency
    
    
    100SECTION 10.19
    
    Euro
    
    
    100SECTION 10.20
    
    Special Provisions Relating to Currencies Other Than Dollars
    
    
    101
 ANNEXESAnnex I
    
    Applicable MarginAnnex II
    
    Amortization TableSCHEDULESSchedule 1.01(a)
    
    Refinancing Indebtedness to Be RepaidSchedule 1.01(b)
    
    Norwegian Obligations GuarantorsSchedule 1.01(c)
    
    US Obligations GuarantorsSchedule 1.01(d)
    
    Material IndebtednessSchedule 1.01(e)
    
    Restricted SubsidiariesSchedule 1.01(f)
    
    Mandatory CostsSchedule 3.03
    
    Governmental Approvals; Compliance with LawsSchedule 3.06(c)
    
    Violations or ProceedingsSchedule 3.07(b)
    
    Consents of Third PartiesSchedule 3.08
    
    Litigation; Compliance with LawsSchedule 3.13
    
    TaxesSchedule 3.18
    
    Environmental MattersSchedule 3.19
    
    InsuranceSchedule 4.01(g)
    
    Local CounselSchedule 6.01(b)
    
    Existing IndebtednessSchedule 6.02(c)
    
    Existing LiensSchedule 9.01
    
    Role of the Revolving Credit Administrative AgentSchedule 10.03
    
    Indemnification by Borrowers and Lenders
 iii




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##### 



EXHIBITSExhibit A
    
    Form of Administrative QuestionnaireExhibit B
    
    Form of Assignment and AssumptionExhibit C
    
    Form of Borrowing RequestExhibit D
    
    Form of Compliance CertificateExhibit E
    
    Form of Interest Election RequestExhibit F
    
    Form of Joinder AgreementExhibit G
    
    Form of LC RequestExhibit H
    
    Form of Lender AddendumExhibit I
    
    Form of Term NoteExhibit J-l
    
    Form of Assets QuestionnaireExhibit J-2
    
    Form of Assets Questionnaire SupplementExhibit K-l
    
    Form of US Pledge AgreementExhibit K-2
    
    Form of UK Share ChargeExhibit K-3
    
    Form of Norwegian Share MortgageExhibit K-4
    
    Form of Isle of Man Share ChargeExhibit K-5
    
    Form of Brazilian Quota & Pledge AgreementExhibit L
    
    Forms of OpinionsExhibit M
    
    Form of Solvency CertificateExhibit N
    
    Form of Intercompany NoteExhibit O
    
    Form of Non -Bank Certificate
 iv




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##### 



CREDIT AGREEMENT
 Agreement Norwegian Borrower US Borrower Borrowers Article I UBSS Barclays Term Loan Arrangers Revolving Credit Arrangers Term Loan Administrative Agent Collateral Agent Revolving Credit
Syndication Agent Issuing Bank Revolving Credit Administrative
Agent Administrative Agents Term Loan
Documentation Agent Term Loan Syndication Agent Revolving Credit Documentation Agent
 WITNESSETH
   Section 3.12
  ARTICLE I
 DEFINITIONS
 SECTION 1.01 Defined Terms
 ABR
 ABR Term Borrowing
 ABR Term Loan Article II
 1




---



##### 



Adjusted LIBOR Rate minus
 Administrative Agents Article X
 Administrative Agent Fee Section
2.05(b)
 Administrative Questionnaire Exhibit A
 Affiliate provided, however, Section 6.09
 Agents Agent
 Agreement
 Alternate Base Rate plus
 Alternate Currency
 Alternate Currency Equivalent
 Alternate Currency Letter of Credit
 Applicable Fee
 Applicable Margin Annex I
 Applicable Percentage
 Approved Currency
 2




---



##### 



Approved Fund
 Arrangers
 Assets Questionnaire Exhibit J-l
 Assets Questionnaire Supplement Exhibit J-2
 Asset Sale Section
6.06
 Assignment and Assumption Section
10.04(b) Exhibit B
 Attributable Indebtedness
 Base Rate
 Board
 Board of Directors
 Borrowers
 Borrowing
 Borrowing Request Section 2.03 Exhibit C
 3




---



##### 



Business Day provided, however,
 Capital Expenditures
 Capital Lease Obligations
 Cash Equivalents OECD Member State provided
 Cash Interest Expense
 Casualty Event
 4




---



##### 



CERCLA et seq.
 Change in Control
    Change in Law
 Charges Section 10.14
 Class Section 2.18
 Closing Date
 Code
 Collateral
 Collateral Agent provided
 Commercial Letter of Credit
 Commitment Section 2.18
 5




---



##### 



Commitment Fee Section 2.05(a)
 Companies Company
 Compliance Certificate Exhibit D
 Confidential Information Memorandum
 Consolidated Adjusted EBITDA adding thereto
          subtracting therefrom
      6




---



##### 



Consolidated Amortization Expense
 Consolidated Depreciation Expense
 Consolidated Financial Statements
 Consolidated Fixed Charge Coverage Ratio
 Consolidated Fixed Charges plus
    Consolidated Indebtedness
 Consolidated Interest Coverage Ratio
 Consolidated Interest Expense plus
 7




---



##### 



provided
  Consolidated Net Income provided
   8




---



##### 



nonrecurring provided
 Consolidated Tax Expense
 Contested Collateral Lien Conditions Section 6.02
   Contingent Obligation primary obligations primary obligor provided, however,
 9




---



##### 



Control Controlling Controlled
 Credit Extension
 Debt Issuance Section 6.01
 Debt Service
 Default
 Default Rate Section 2.06(c)
 Disqualified Capital Stock provided, however
 Dividend
 dollars $
 Dollar Equivalent
 Eligible Assignee
 10




---



##### 



provided
 Embargoed Person Section 6.20
 Environment
 Environmental Claim
 Environmental Law
 Environmental Permit
 Equity Interest
 ERISA
 ERISA Affiliate
 ERISA Event
 11




---



##### 



euro
 Eurodollar Borrowing
 Eurodollar Loan
 Eurodollar Term Borrowing
 Eurodollar Term Loan Article II
 Event of Default Section 8.01
 Excepted Letters of Credit
 Excess Cash Flow minus
  Section 6.01(b) (r)
 provided
 provided
 Section
6.06(i)
 Excess Cash Flow Period
 12




---



##### 



Exchange Act
 Excluded Taxes Section 2.15(a) Section
2.16 provided Section 2.14(d) Section 2.15(e)
 Executive Order Section 3.21
 Existing Lien Section 6.02(c)
 Federal Funds Effective Rate
 Fees
 Final Maturity Date
 Financial Officer
 Fixed Charge Coverage Ratio
 Foreign Lender
 Foreign Plan
 13




---



##### 



Foreign Subsidiary
 Fund
 GAAP
 Geophysical Services Business Section
6.06(i)
 Governmental Authority
 Guaranteed Obligations Section 7.01
 Guarantees Article VII
 Guarantors Section 5.11
 Hazardous Materials PCBs
 Hedging Agreement
 Hedging Obligations
 Increase Effective Date Section
2.18(a)
 Increase Joinder Section 2.18(c)
 Indebtedness
 14




---



##### 



Indemnified Taxes
 Indemnitee Section 10.03(b)
 Information Section 10.12
 Intellectual Property Section
3.06(a)
 Intercompany Note Exhibit
N
 Interest Election Request Section 2.08(b) Exhibit
E
 Interest Payment Date
 Interest Period provided
 Investments Section 6.04
 Issuing Bank Sections 2.17(j) (k)
 Issuing Bank Fees Section 2.05(c)
 Issuing Bank Fee Letter Section
2.05(c)
 Issuing Country Section 10.19(a)
 Joinder Agreement Exhibit
F
 15




---



##### 



Judgment Currency Section 10.18(a)
 Judgment Currency Conversion Date Section 10.18(a)
 LC Commission Section 2.05(c)
 LC Commitment Section 2.17
 LC Disbursement
 LC Excess Amount Section 2.17(o)
 LC Exposure plus
 LC Request Section
2.17(b) Exhibit G
 Lender Addendum Exhibit H Section 10.15
 Lenders
 Letter of Credit Section 2.17
 Letter of Credit Calculation Date Section 2.17(o)
 Letter of Credit Expiration Date
 LIB OR Reference Banks
 Lien
 16




---



##### 



Loan Documents Section 8.01
 Loan Parties
 Loans
 Mandatory Costs Schedule l.01(f)
 Margin Stock
 Material Adverse Effect
 Material Indebtedness Schedule l.01(d)
 Material Subsidiaries PGS Group
 17




---



##### 



Maximum Rate Section 10.14
 Multi-Client Library
 Multiemployer Plan
 Net Cash Proceeds
 provided provided
   Norwegian kroner NOK
 Norwegian Obligations Guarantors Schedule
1.01(b)
 Notes Exhibit I
 18




---



##### 



Obligations
 Obligation Currency Section
10.18(a)
 OFAC Section 6.20
 Officers Certificate
 Organizational Documents
 Other Taxes Section 2.14(d)
 Participant Section 10.04(d)
 Participating Member States
 PBGC
 Permitted Acquisitions Section 6.07
 Permitted Liens Section 6.02
 Permitted Refinancing Indebtedness Section 6.01(b)
 person
 PGS Group
 19




---



##### 



Plan
 Pledge Agreements Exhibit
K-l Exhibit K-2 Exhibit K-3 Exhibit
K-4 Section 5.14(b)
 Pledge Agreement Collateral Section 5.11
 Post-Increase Revolving Lenders Section
2.18(d)
 pounds, GBP £
 Pre-Increase Revolving Lenders Section
2.18(d)
 Preferred Stock
 Preferred Stock Issuance
 Production Services Business Section
6.06(i)
 Pro Forma Basis
 Pro Rata Percentage
 Project Finance Subsidiary
 20




---



##### 



property
 Purchase Money Obligation provided, however
 Qualified Capital Stock
 Quotation Day
     Real Property
 Refinancing Schedule 1.01(a)
 Register Section 10.04(c)
 Regulation D
 Regulation S-X
 Regulation T
 Regulation U
 Regulation X
 21




---



##### 



Reimbursement Obligations Section 2.17(e)
 Relevant Currency Equivalent
 Related Parties
 Release
 Required Lenders
 Required Revolving Lenders
 Requirements of Law
 Response
 Responsible Officer
 Restricted Subsidiary Schedule
1.01(e)
 Revolving Availability Period
 Revolving Borrowing
 Revolving Commitment Schedule I Section 2.07 Section 10.04
 Revolving Credit Administrative Agent Fees Section 2.05(b)
 22




---



##### 



Revolving Credit Administrative Agent Fee Letter Section 2.05(b)
 Revolving Exposure plus
 Revolving Lender
 Revolving Loan Section
2.01(b)
 Revolving Loan LIBOR Rate
   Revolving Maturity Date
 Sale and Leaseback Transaction Section
6.03
 Screen Rate
 Secured Obligations
 Secured Parties Sections 10.03 10.09
 Securities Act
 Securities Collateral
 Security Documents
 23




---



##### 



Senior Leverage Ratio
 Spot Selling Rate
 Standby Letter of Credit
 Statutory Reserves
 Subordinated Indebtedness
 Subsidiary parent
 Subsidiary Guarantor
 Syndication Agent
 TARGET
 Tax Return
 24




---



##### 



Taxes
 Test Period
 Term Borrowing
 Term Commitment Schedule
I Section 2.07 Section 10.04
 Term Lender
 Term Loan Section 2.01(a)
 Term Loan LIBOR Rate provided, however Telerate British Bankers Assoc.
Interest Settlement Rates Page
 Term Loan Repayment Date Section
2.09
 Term Maturity Date
 Total Leverage Ratio
 Transferred Guarantor Section 7.09
 25




---



##### 



Type
 UCC
 UK Material Subsidiaries
 UK Pledge Agreement
 UK Vessel Leases
 United States
 Unrestricted Subsidiary
 USA Patriot Act Section 3.21
 US Obligations Guarantors Schedule
1.01(c)
 Voting Stock
 Wholly Owned Subsidiary
 Withdrawal Liability
 SECTION 1.02 Classification of Loans and Borrowings e.g. e.g. e.g. e.g. e.g. e.g.
 SECTION 1.03 Terms Generally
 26




---



##### 



SECTION 1.04 Accounting Terms; GAAP provided
 SECTION 1.05 Resolution of Drafting Ambiguities
 ARTICLE II
 THE CREDITS
 SECTION 2.01 Commitments
    SECTION 2.02 Loans provided Section 2.17(e )(ii)
 27




---



##### 



Sections 2.11 2.12 Section 2.03 provided provided
 Section 2.17(e)(ii)
 Section 2.02(d)
  SECTION 2.03 Borrowing Procedure
 28




---



##### 



Section 2.02
       Section 2.02(c)
 Sections 4.02(b)-(d)
   SECTION 2.04 Evidence of Debt; Repayment of Loans
 Promise to Repay Section 2.09 Section 2.04(a)
 Lender and Administrative Agent Records prima facie
 29




---



##### 



provided
 Promissory Notes Exhibit K Section 10.04
 SECTION 2.05 Fees
 Commitment Fee Commitment Fee
 Administrative Agent Fees Term Loan Administrative Agent Fees Revolving Credit
Administrative Agent Fee Letter Revolving Credit Administrative Agent Fees Administrative Agent Fees
 LC and Issuing Bank Fees LC Commission Section 2.06
 30




---



##### 



Issuing Bank Fee
Letter Issuing Bank Fees
  SECTION 2.06 Interest on Loans
 ABR Term Loans Section 2.06(c)
 Eurodollar Loans Section 2.06(c)
 Default Rate plus Section 2.06 plus Section 2.06(b) Default Rate
 Interest Payment Dates provided Section 2.06(c)
 Interest Calculation
 Currency for Payment of Interest Section 2.06
 SECTION 2.07 Termination and Reduction of Commitments
 Termination of Commitments
 31




---



##### 



Optional Terminations and Reductions Section 2.13 provided Section 2.10
 Borrower Notice Section
2.07(b)
 SECTION 2.08 Interest Elections
 Generally
   Interest Election Request Section
2.08(a)(i) Section 2.03 Section 2.02
   32




---



##### 



Automatic Conversion of Eurodollar Term Borrowing to One-Month Interest
Period
 Conversion and Continuation of Term Borrowings
 Credit Extensions in respect of Revolving Borrowings Sections
4.02(b) (c)
 SECTION 2.09 Amortization of Term Borrowings and Repayment Borrowings
 Annex II Term Loan Repayment
Date Annex
II Section 2.10(g)
  SECTION 2.10 Optional and Mandatory Prepayments of Loans
 Optional Prepayments Section 2.10 provided
 Revolving Loan Prepayments
 33




---



##### 



Section
2.17(i)
 first second Section
2.17(i)
 Section 10.17 first second Section 2.17(i)
 Section 10.17 Section 2.17(i)
 Asset Sales Section 6.06 Section 6.06(i) Sections 2.10(g) (h) provided
 Section 2.10(c) Section 6.06(c)
 Section 6.06 provided Section 2.10(c)
 Debt Issuance Sections
2.10(g) (h)
 34




---



##### 



Casualty Events Sections
2.10(g) (h) provided
  Section 2.10(e)
 Excess Cash Flow Section 5.01(a) Sections 2.10(g) provided
 Application of Prepayments Section 2.10(c) (d) (e) (f) first then Section 2.10(a) Section 2.10(h)
 Notice of Prepayment Section 2.06 Section 2.13
 SECTION 2.11 Alternate Rate of Interest
  35




---



##### 



SECTION 2.12 Yield Protection
 Increased Costs Generally
  Section 2.15
  36




---



##### 



Capital Requirements
 Certificates for Reimbursement Section 2.12
 Delay in Requests Section 2.12 provided
 SECTION 2.13 Breakage Payments Term Loan Breakage Payments Section 2.16(b)
 37




---



##### 



Section 2.13 Section 2.13
 Revolving Loan Breakage Payments Section 2.16(b) Section 2.13 Section 2.13
 SECTION 2.14 Payments Generally; Pro Rata Treatment; Sharing of Setoffs
 Payments Generally Section 2.12 2.13 2.15 10.03 Sections 2.12 2.13 2.15 10.03
 38




---



##### 



Pro Rata Treatment
 pro rata
 Section
2.09 pro rata pro rata
 Insufficient Funds first second
 Sharing of Set-Off Section 2.14(d) pro rata provided
   Section 2.14(d) Section 2.14(d)
 Borrower Default
 39




---



##### 



Lender Default Section 2.02(c) 2.14(e) 2.18(d) 2.18(e) 10.03(c)
 SECTION 2.15 Taxes
 Payments Free of Taxes provided
 Payment of Other Taxes by Borrower
 Indemnification by Borrower
 Evidence of Payments
 40




---



##### 



Status of Lenders
    Exhibit O
  Treatment of Certain Refunds
 41




---



##### 



provided
 SECTION 2.16 Mitigation Obligations; Replacement of Lenders
 Mitigation Obligation Section 2.12 Section
2.15 Section 2.12 2.15
 Replacement of Lenders Section 2.12 Section
2.15 Section 10.02(d) Section 10.04 provided
 Section 10.04(b)
 Section 2.13 Section 10.02(d)
 Section 2.12 Section 2.15
  42




---



##### 



SECTION 2.17 Letters of Credit
 General provided
 Request for Issuance, Amendment, Renewal Extension; Certain Conditions and
Notices
      provided
    43




---



##### 



Article IV
 Section 2.17(d)
 Expiration Date provided
 44




---



##### 



Participations Section 2.17(e)
 Reimbursement and Indemnification
 provided Section 2.03 Schedule 10.03(c)
 Section 2.02(c) Schedule 10.03
 Section 2.17(h)
 45




---



##### 



Section 2.17(e)
 Obligations Absolute Section 2.17(e) Section
2.17 provided
 Disbursement Procedures provided Section 2.17(e)
 Interim Interest
 46




---



##### 



Section 2.06(c) Section 2.17(e)
 Cash Collateralization Section 8.01(a) provided Section 8.01(g) (h) plus
 Additional Issuing Banks
 Resignation or Removal of the Issuing Bank
 47




---



##### 



Section 2.05(c)
 Other
  Claims under a Letter of Credit
 Letter of Credit Claim
 Section 2.17(e)(i)
   Role of Issuing Bank
   48




---



##### 



Alternative Currency Letters of Credit Letter of Credit Calculation Date LC Excess Amount Sections 2.10(g) (h)
 Deemed Issuance of Letters of Credit on Closing Date Section 2.17
 SECTION 2.18 Increase in Commitments and Term Loans
 Borrower Request.
 49




---



##### 



Increase Effective Date provided
 Conditions provided
 Section 4.02
  Section 5.01(a) (b) Section 6.10
 Section
2.18(d)
  Terms of New Loans and Commitments
       50




---



##### 



Increase
Joinder Section 2.18
 Adjustment of Revolving Loans Pre-Increase Revolving Lenders Post-Increase Revolving Lenders
 Making of New Term Loans
 Equal and Ratable Benefit
 ARTICLE III
 REPRESENTATIONS AND WARRANTIES
  SECTION 3.01 Organization; Powers
 51




---



##### 



SECTION 3.02 Authorization; Enforceability
 SECTION 3.03 No Conflicts Schedule 3.03
 SECTION 3.04 Financial Statements; Projections
 Historical Financial Statements Sections 5.01(a) (b) Section 5.01(b)
 No Liabilities Section 3.04(a)
 Forecasts
 SECTION 3.05 Properties
 Generally
 52




---



##### 



No Casualty Event
 SECTION 3.06 Intellectual Property
 Ownership/No Claims Intellectual Property
 Registrations
 No Violations or Proceedings Schedule
3.06(c)
 SECTION 3.07 Equity Interests and Subsidiaries
 Equity Interests Schedules 1(a) 10(a)
 No Consent of Third Parties Required Schedule
3.07(b)
 53




---



##### 



Organizational Chart Schedule 10(a)
 SECTION 3.08 Litigation; Compliance with Laws Schedule
3.08 Section 3.18
 SECTION 3.09 Agreements
 SECTION 3.10 Federal Reserve Regulations
 SECTION 3.11 Investment Company Act; Public Utility Holding Company Act
 SECTION 3.12 Use of Proceeds
 SECTION 3.13 Taxes Schedule 3.13
 54




---



##### 



SECTION 3.14 No Material Misstatements provided
 SECTION 3.15 Labor Matters
 SECTION 3.16 Solvency
   55




---



##### 



SECTION 3.17 Employee Benefit Plans
   SECTION 3.18 Environmental Matters
 Schedule 3.18
      Schedule 3.18
 56




---



##### 



SECTION 3.19 Insurance
 Schedule 3.19 Schedule 3.19
 SECTION 3.20 Security Documents
 Pledge Agreements
 Sections 5.11 5.12
 57




---



##### 



SECTION 3.21 Anti-Terrorism Laws
 USA Patriot Act Executive Order USA Patriot Act
 Loan Parties
      Conduct of Business by and Transactions of Loan Parties etc.
 ARTICLE IV
 CONDITIONS TO CREDIT EXTENSIONS
 SECTION 4.01 Conditions to Initial Credit Extension
 Section 4.01
 Loan Documents
 Organizational Documents
  58




---



##### 



Officers Certificate Sections
4.01(b), (c), (d), (g), (j), (k), (l)(i)-(iii), (n) and (o) Sections 4.02(b) (c)
 Financings and Other Transactions, Etc.
 Financial Statements; Projections
 Indebtedness and Minority Interests
 Opinions of Counsel Schedule 4.01( g) Exhibit L
 Requirements of Law
 59




---



##### 



Consents
 Litigation
 Fees
 Personal Property Requirements
     USA Patriot Act Section 10.13
 Minimum Adjusted EBITDA and Maximum Total Leverage Ratio
 Solvency Certificate Exhibit O
 60




---



##### 



SECTION 4.02 Conditions to All Credit Extensions
 Notice Section 2.03 Section 2.03 Section 2.17(b)
 No Default provided Section
4.02(b) Section 2.17 Section 2.09(b)
 Representations and Warranties Article III provided Section 4.02.(c) Section 2.17 Section 2.09(b)
 No Legal Bar
 Sections 4.02(b)  (d)
 ARTICLE V
 AFFIRMATIVE COVENANTS
  SECTION 5.01 Financial Statements. Reports. etc.
  61




---



##### 



Annual Reports
 Quarterly Reports
 Financial Officers Certificate Section 5.01(a) (b) 6.10 Section 5.01(a)
 62




---



##### 



Financial Officers Certificate Regarding Collateral Section 5.01(a)
 Public Reports
 Management Letters
 Budgets
 Organization Section 5.01(a) Section
3.07(c) Schedule 10(a)
 Other Information
 SECTION 5.02 Litigation and Other Notices
     63




---



##### 



SECTION 5.03 Existence; Businesses and Properties
 Section 6.05 Section 6.06
 provided Section 5.03(b) Section 6.05 Section 6.06
 SECTION 5.04 Insurance
 Generally Section 3.19 Section 5.04
 Notice to Agents Section 5.04
  64




---



##### 



SECTION 5.05 Obligations and Taxes
 Payment of Obligations
 Filing of Returns
 Tax Shelter Reporting
 SECTION 5.06 Employee Benefits
 Schedule B
 SECTION 5.07 Maintaining Records; Access to Properties and Inspections; Annual Meetings
  65




---



##### 



SECTION 5.08 Use of Proceeds
 Section 3.12
 SECTION 5.09 Compliance with Environmental Laws; Environmental Reports
 provided
 Section 3.18 Section
5.09(a)
 SECTION 5.10 Interest Rate Protection
  SECTION 5.11 Additional Collateral; Additional Guarantors
  66




---



##### 



Section 5.11 Section 5.11
 SECTION 5.12 Security Interests; Further Assurances
  SECTION 5.13 Information Regarding Collateral
  Section
5.01(a)
 67




---



##### 



SECTION 5.14 Post Closing Obligations
 Requirements of Insurance Section 5.04
 Brazilian Quota & Pledge Agreement Exhibit K-5 Exhibit F provided Section 5.14(b) Schedule 4.01(g) Section 4.01(g)
 ARTICLE VI
 NEGATIVE COVENANTS
  SECTION 6.01 Indebtedness
  Schedule
6.01(b) provided plus Permitted Refinancing Indebtedness
 provided
 68




---



##### 



provided
  Section 6.03
  provided
    SECTION 6.02 Liens Permitted Liens
 69




---



##### 



Schedule
6.02(c) provided Section 6.01(b)(ii)(A) Existing Lien
   provided
 70




---



##### 



provided
 provided
    Section 6.01(g) provided
 Section
6.01(j)
 Section 6.02
 provided, however Section 6.02
 SECTION 6.03 Sale and Leaseback Transactions
  71




---



##### 



Sale and Leaseback Transaction Section 6.06 Section 6.02
 SECTION 6.04 Investments, Loans and Advances
 Investments
   Section 6.01(c)
 provided pro forma
  SECTION 6.05 Mergers and Consolidations
  Section 6.06
 Section 6.07
 Sections 5.11 5.12 provided
 72




---



##### 



Section 5.11 Section 5.12
 provided
 SECTION 6.06 Asset Sales
    provided provided further
     provided
 73




---



##### 



pro forma
 Geophysical Services
Business Production Services Business provided pro forma provided
 Section 6.05
 Section 6.04
 Section 6.03
 Section 6.02
   provided
 74




---



##### 



PLCA provided
 SECTION 6.07 Acquisitions
   Section 6.04
  Acquired
Entity provided pro forma pro forma Section 6.01 Section
5.11 Section 5.12
 Section 6.05
 75




---



##### 



provided
 SECTION 6.08 Dividends
    provided pro forma
 SECTION 6.09 Transactions with Affiliates
 Section 6.08 Section
6.04
   provided
 76




---



##### 



SECTION 6.10 Financial Covenants
 Test Period
    
    Leverage RatioClosing Date to December 31, 2006
    
    3.50 to 1.0Fiscal year 2007
    
    3.25 to 1.0Fiscal year 2008 and thereafter
    
    3.00 to 1.0
 Section 6.06
 Minimum Interest Coverage Ratio
 Minimum Fixed Charge Coverage Ratio
 SECTION 6.11 Modifications of Organizational Documents and Other Documents, etc.
 provided Section 6.12
 SECTION 6.12 Limitation on Certain Restrictions on Restricted Subsidiaries
 Section
6.02 Section 6.06 Section 5.12
 77




---



##### 



provided
 SECTION 6.13 Limitation on Issuance of Capital Stock
  Section 6.13 Section 6.06 Section 6.07 Section 6.13(b) Sections 5.11 5.12
 SECTION 6.14 Limitation on Creation of Subsidiaries
 provided Section 6.04 Section 6.06 Section 5.11 Section 5.12
 SECTION 6.15 Business
   SECTION 6.16 Limitation on Accounting Changes
  78




---



##### 



SECTION 6.17 Fiscal Year
  SECTION
6.18 No Further Negative Pledge
 Section
6.02 Section 6.06 provided
 SECTION 6.19 Anti-Terrorism Laws; Anti-Money Laundering
 Section 3.21 Section 6.19
  SECTION 6.20 Embargoed Person
 Embargoed Person Embargoed Persons OFAC et seq. et seq Section 3.21(b)(i) (iv)
 79




---



##### 



SECTION 6.21 Limitation on Inactive Restricted Subsidiaries
 Section 5.11
 Article VI
 ARTICLE VII
 GUARANTEES
 SECTION 7.01 The Guarantees
 Norwegian Guaranteed Obligations
 US
Guaranteed Obligations Guaranteed Obligations
 80




---



##### 



SECTION 7.02 Obligations Unconditional Section 7.01
     Section 7.09
  SECTION 7.03 Reinstatement Article
VII
 81




---



##### 



SECTION 7.04 Subrogation; Subordination Section 7.01 Section 6.01(d)
 SECTION 7.05 Remedies Section 8.01 Section 8.01 Section 7.01 Section 7.01
 SECTION 7.06 Instrument for the Payment of Money Article VII
 SECTION 7.07 Continuing Guarantee Article VII
 SECTION 7.08 General Limitation on Guarantee Obligations Section 7.01 Section 7.01
 SECTION 7.09 Release of Guarantors Transferred Guarantor Section 10.03 Section
7.09
 ARTICLE VIII
 EVENTS OF DEFAULT
 SECTION 8.01 Events of Default Events of Default
  82




---



##### 



Section 5.02 5.03(a) 5.08 Article VI
      83




---



##### 



SECTION 8.02 Rescission Section 10.02
 84




---



##### 



SECTION 8.03 Application of Proceeds
 First
 Second
 Third pro rata
 Fourth pro rata
 Fifth
 Sixth
 Section 8.03
 ARTICLE IX
 AGENTS
 SECTION 9.01 Appointment and Authority Schedule 9.01
 85




---



##### 



SECTION 9.02 Rights as a Lender
 SECTION 9.03 Exculpatory Provisions
  provided
  Section 10.02
 Article IV
 86




---



##### 



SECTION 9.04 Reliance by Agent
 SECTION 9.05 Delegation of Duties
 SECTION 9.06 Resignation of Agent Article IX Section 10.03
 SECTION 9.07 Non-Reliance on Agent and Other Lenders
 87




---



##### 



SECTION 9.08 No Other Duties, etc.
 SECTION 9.09 UK Pledge Agreement
 ARTICLE X
 MISCELLANEOUS
 SECTION 10.01 Notices
 Generally
  
  
  
 88




---



##### 



Electronic Communications Section 10.01(d) provided Article II Section
10.01(d) provided
 provided
 Change of Address, Etc.
 Posting
 89




---



##### 



Communications joselin.fernandes@ubs.com Section 10.01
 provided
 Platform
 Notices to Administrative Agents
 SECTION 10.02 Waivers; Amendment
 Generally Section 10.02
 Required Consents Section 10.02(c) (d)
 90




---



##### 



provided
  Section 2.06(c)
 Section 2.09 Section
2.06(c)
   Article VII
 Section 2.18
 Section 2.14(b) (c) (d) pro rata pro rata Sections 2.02(a) 2.17(d)
 Section 10.02(b) Section 10.02(c) Section 2.18
  91




---



##### 



Article X
   Section 2
 Section 4.02
 provided, further
 Collateral
 Dissenting Lenders Section
10.02(b) Section 2.16(b)
 SECTION 10.03 Expenses; Indemnity; Damage Waiver
 Costs and Expenses
 92




---



##### 



Section
10.03
 Indemnification by Borrower Indemnitee Schedule 10.03(c) provided
 Reimbursement and Indemnification by Lenders Section 10.03 pro rata
 93




---



##### 



pro rata Schedule
10.03 Schedule 9.01 provided Section 2.14 pro rata
 Waiver of Consequential Damages, Etc.
 Payments
 SECTION 10.04 Successors and Assigns
 Successors and Assigns Generally Section
6.06(i) Section 10.04 Section 10.04
 Assignments by Lenders provided
  94




---



##### 



pro rata
  provided
 provided
  Section 10.04 Sections 2.12 2.13 2.15 10.03 Section 10.04 Sections 2.12 2.15
 Register Register
 95




---



##### 



Participations Participant provided
 provided Section 10.02(b) Sections 2.12 2.13 2.15 Section 10.08 Section 2.14
 Limitations on Participant Rights Sections 2.12 2.13 2.15
 Certain Pledges provided
 SECTION 10.05 Survival of Agreement Sections 2.12 2.14 2.15 Article
X
 96




---



##### 



SECTION 10.06 Counterparts; Integration; Effectiveness; Electronic Execution
 Counterparts; Integration; Effectiveness Section 4.01
 Electronic Execution of Assignments
 SECTION 10.07 Severability
 SECTION 10.08 Right of Setoff provided
 SECTION 10.09 Governing Law; Jurisdiction; Consent to Service of Process
 Governing Law
 Submission to Jurisdiction
 97




---



##### 



Waiver of Venue Section 10.09(b)
 Service of Process Section 10.01
 SECTION 10.10 Waiver of Jury Trial
 SECTION 10.11 Headings
 SECTION 10.12 Treatment of Certain Information; Confidentiality Section 10.12 Information
 98




---



##### 



provided
 SECTION 10.13 USA Patriot Act Notice
 SECTION 10.14 Interest Rate Limitation Charges Maximum Rate
 SECTION 10.15 Lender Addendum
 SECTION 10.16 Obligations Absolute
       SECTION 10.17 Dollar Equivalent Calculations
 99




---



##### 



SECTION 10.18 Judgment Currency
 Obligation
Currency Judgment Currency Judgment Currency Conversion Date
  Section 10.18
 SECTION 10.19 Euro
 Issuing Country
  100




---



##### 



SECTION 10.20 Special Provisions Relating to Currencies Other Than Dollars
  Section 10.20(b)
  101




---



##### 



PETROLEUM GEO-SERVICES ASABy:
    /s/ Erlend BakkenName:
    Erlend BakkenTitle:
    General CounselPGS FINANCE, INC.By:
    /s/ Erlend BakkenName:
    Erlend BakkenTitle:
    General CounselPGS SHIPPING ASBy:
    /s/ Erlend BakkenName:
    Erlend BakkenTitle:
    General CounselPGS SHIPPING (ISLE OF MAN) LIMITEDBy:
    /s/ Gottfred LangsethName:
    Gottfred LangsethTitle:
    Senior Vice President and

Chief Financial OfficerPGS PRODUCTION ASBy:
    /s/ Erlend BakkenName:
    Erlend BakkenTitle:
    General CounselGOLAR-NOR OFFSHORE ASBy:
    /s/ Erlend BakkenName:
    Erlend BakkenTitle:
    General CounselMULTIKLIENT INVEST ASBy:
    /s/ Erlend BakkenName:
    Erlend BakkenTitle:
    General CounselPETROLEUM GEO-SERVICES (UK) LIMITEDBy:
    /s/ Gottfred LangsethName:
    Gottfred LangsethTitle:
    Senior Vice President and

Chief Financial Officer 102




---



##### 



PGS EXPLORATION (UK) LIMITEDBy:
    /s/ Gottfred LangsethName:
    Gottfred LangsethTitle:
    Senior Vice President and

Chief Financial OfficerGOLAR-NOR OFFSHORE (UK) LIMITEDBy:
    /s/ Asle B. BratalienName:
    Asle B. BråtalienTitle:
    DirectorHARA SKIP ASBy:
    /s/ Erlend BakkenName:
    Erlend BakkenTitle:
    General CounselPETROLEUM GEO SERVICES, INC.By:
    /s/ Erlend BakkenName:
    Erlend BakkenTitle:
    General CounselPGS ONSHORE INC.By:
    /s/ Erlend BakkenName:
    Erlend BakkenTitle:
    General CounselPGS GEOPHYSICAL ASBy:
    /s/ Erlend BakkenName:
    Erlend BakkenTitle:
    General CounselPGS PETROJARL VARG ASBy:
    /s/ Erlend BakkenName:
    Erlend BakkenTitle:
    General CounselUBS SECURITIES LLC,as a Term Loan Lead Arranger and BookrunnerBy:
    /s/ Eric H. CoombsName:
    Eric H. CoombsTitle:
    Managing DirectorBy:
    /s/ Warren JerveyName:
    Warren JerveyTitle:
    Director and Counsel- Region

Americas Legal 103




---



##### 



UBS AG, STAMFORD BRANCH, as Term LoanAdministrative Agent, Collateral Agent andRevolving Credit Syndication AgentBy:
    /s/ Joselin FernandesName:
    Joselin FernandesTitle:
    Associate Director - Banking Products
Services, USBy:
    /s/Irja R. OtsaName:
    Irja R. OtsaTitle:
    Associate Director - Banking Products
Services, USUBS SECURITIES LLC, as a Revolving Credit LeadArranger and Revolving Credit Lead BookrunnerBy:
    /s/ Eric H. CoombsName:
    Eric H. CoombsTitle:
    Managing DirectorBy:
    /s/ Warren JerveyName:
    Warren JerveyTitle:
    Director and Counsel- Region

Americas LegalCREDIT SUISSE, as a Term Loan Lead Arrangerand BookrunnerBy:
    /s/ David DoddName:
    David DoddTitle:
    Vice PresidentBy:
    /s/ Nupur KumarName:
    Nupur KumarTitle:
    AssociateCREDIT SUISSE, CAYMAN ISLANDS
BRANCH, as Term Loan Syndication Agent and Revolving CreditDocumentation AgentBy:
    /s/ David DoddName:
    David DoddTitle:
    Vice PresidentBy:
    /s/ Nupur KumarName:
    Nupur KumarTitle:
    AssociateCREDIT SUISSE, as a Revolving Credit LeadArranger and Revolving Credit Lead BookrunnerBy:
    /s/ David DoddName:
    David DoddTitle:
    Vice President 104




---



##### 



By:
    /s/ Nupur KumarName:
    Nupur KumarTitle:
    AssociateBARCLAYS CAPITAL, as a Term Loan
Lead Arrangerand Bookrunner and Term Loan Documentation AgentBy:
    /s/ Douglas BerneggerName:
    Douglas BerneggerTitle:
    DirectorBARCLAYS BANK PLC, as Issuing Bank andRevolving Credit Administrative AgentBy:
    /s/ Douglas BerneggerName:
    Douglas BerneggerTitle:
    DirectorBARCLAYS CAPITAL, as a Revolving Credit LeadArranger and Revolving Credit Lead BookrunnerBy:
    /s/ Douglas BerneggerName:
    Douglas BerneggerTitle:
    DirectorDnB NOR BANK ASA, as a Revolving Credit LeadArrangerBy:
    /s/ Nils FykseName:
    Nils FykseTitle:
    Senior Vice PresidentBy:
    /s/ Christopher WentworthName:
    Christopher WentworthTitle:
    First Vice President 105




---



##### 



Annex I
 Applicable Margin
 Term LoansTotal Leverage Ratio Level I
    
    Eurodollar
    
    ABRLevel IGreater than or equal to 2.25:1.00
    
    
    2.50
    %
    
    
    1.50
    %Level IILess than 2.25:1.00
    
    
    2.25
    %
    
    
    1.25
    %
 Total Leverage Ratio
    
    Revolving LoansLevel IGreater than or equal to 2.25: 1.00
    
    
    2.25
    %Level IILess than 2.25: 1.00 but greater than or equal to
2.00:1.00
    
    
    2.00
    %Level IIILess than 2.00: 1.00
    
    
    1.75
    %
 Sections
5.01(a) (b) (c) Sections 5.01(a) (b) (c) Sections 5.01(a) (b) (c)
 106




---



##### 



Annex II
 Amortization Table
 Term LoanDate
    
    Amount (in dollars)March 31, 2006
    
    
    2,125,000June 30, 2006
    
    
    2,125,000September 30, 2006
    
    
    2,125,000December 31, 2006
    
    
    2,125,000March 31, 2007
    
    
    2,125,000June 30, 2007
    
    
    2,125,000September 30, 2007
    
    
    2,125,000December 31, 2007
    
    
    2,125,000March 31, 2008
    
    
    2,125,000June 30, 2008
    
    
    2,125,000September 30, 2008
    
    
    2,125,000December 31, 2008
    
    
    2,125,000March 31, 2009
    
    
    2,125,000June 30, 2009
    
    
    2,125,000September 30, 2009
    
    
    2,125,000December 31, 2009
    
    
    2,125,000March 31, 2010
    
    
    2,125,000June 30, 2010
    
    
    2,125,000September 30, 2010
    
    
    2,125,000December 31, 2010
    
    
    2,125,000March 31, 2011
    
    
    2,125,000June 30, 2011
    
    
    2,125,000September 30, 2011
    
    
    2,125,000December 31, 2011
    
    
    2,125,000March 31, 2012
    
    
    2,125,000June 30, 2012
    
    
    2,125,000September 30, 2012
    
    
    2,125,000December 31, 2012
    
    Remainder
 107