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Exhibit 10.10  

 
 

EMPLOYMENT AGREEMENT    
    

Effective this, 11 day of August, 2006 

By
and Between 

PARADIGM GEOPHYSICAL CORP.  

(Hereinafter the "Company") 

of the first part 

and 

Jean-Claude Dulac

(Hereinafter
the "Executive") 

Of the second part 

        WHEREAS
the Company desires to employ the Executive on the terms and conditions set forth in this Agreement and the Executive desires to enter into such employment; and 

        WHEREAS
the Executive represents that he has the requisite skills and training to render the services required by the Company; 

        NOW
THEREFORE, in consideration of the mutual promises and undertakings of the parties, the parties to this Agreement agree as follows: 

	1.
	DUTIES
AND RESPONSIBILITIES 

        1.1   Position:
The Executive shall serve as the Executive Vice President & Chief Architect of the Company. Executive also shall
participate in the activities of the Management Board but not be a member of the Management Board, The Company reserves the right to change Executive's duties and positions during the term of this
contract. The parties acknowledge and agree that a change in title or office in which the Executive may serve during the term of this Agreement and any extensions shall not affect the other terms and
conditions of this Agreement. During the term of this Agreement, the Executive shall report to and take work direction from the President of the Company or such other person or committee of persons as
may from time to time be appointed by the President or the Board of Directors of the Company (the "Board") to supervise the Executive. 

        1.2   In
holding such office, the Executive shall have the powers, responsibilities and accountabilities incidental to such office. 

        1.3   During
the term of this Agreement, the Executive 

        (a)   shall
devote his working time and best efforts to the business and affairs of the Company and the performance of his duties hereunder on a full-time basis,
and 

        (b)   shall
not engage in or be associated with, directly or indirectly, any competitive businesses, duties or pursuits without the prior written approval of the Board. 

	2.
	TERM
AND TERMINATION 

        2.1   This
Agreement and the employment relationship between the parties shall commence as of the date hereof (the "Hire Date") and shall continue for three years from the
Hire Date (the "Initial Term") unless terminated as provided in this Agreement. After the expiration of the Initial Term of this 

 

Agreement,
the Agreement shall automatically renew for recurring one year terms unless either party provides thirty days notice to the contrary prior to the expiration of the Initial Term. 

        2.2   Dismissal
With Cause: The Company shall have the right to terminate the employment of Executive at any time for "Cause" as determined by the
President in consultation with the Board, by giving the Executive notice of termination for Cause. In such event, the employment relationship shall be deemed effectively terminated as of the time of
delivery of such notice. 

        2.3   The
term "Cause" shall mean 

        (a)   Executive's
failure to perform the duties required of him as reasonably determined by the President or the Board (other than for the reasons stated in section 2.6
below) and after thirty days written notice
of the specific failure, Executive fails adequately to correct the failure as reasonably determined by the President or the Board; 

        (b)   Executive's
breach of any material provision of this Agreement; 

        (c)   Executive's
violation of any rule, policy, or practice of the Company, and after thirty days written notice of the specific violation, Executive fails adequately to
correct the violation; or 

        (d)   Executive's
intentional misconduct, fraud, gross negligence, conviction or plea of guilty to the commission of a felony, or other similar conduct. 

        If
the Company terminates Executive's employment for Cause, Executive shall be entitled only to the pro rata salary through the date of such termination and no other compensation (except
for those compensation and benefits vested per plan terms), and all future compensation and benefit accrual shall cease. 

        2.4   Resignation:
The Executive is fully committed to working for the Company for a minimum of twenty-four (24) months (the
"Minimum Commitment"). After the Minimum Commitment, Executive may terminate this Agreement by providing three months' written notice to the Company. The Executive acknowledges and the Executive and
Company agree that the provisions of Article 5 apply in the event of a resignation under this paragraph. 

        2.5   Dismissal
Without Cause: The Company may terminate the Executive's employment for any reason that is not "Cause" with thirty days notice,
and in such instance shall pay Executive "Severance Pay," Severance Pay shall be the greater of the following: (a) one year of Base Salary, or (b) equivalent to the Base Salary for the
remainder of the Initial Term of this Agreement had Executive's employment not been terminated. The Company may pay Severance Pay in a lump sum within thirty days following Executive's termination or
may pay Severance Pay in monthly installments commencing thirty days following Executive's termination, at the Company's sole discretion. The Company shall have no further obligations to compensate
the Executive during the period of Severance Pay other than paying accrued but unused vacation upon termination, continuing to accrue benefits up to the date of termination, and reimbursement for
expenses as provided in Section 3.7. The Company shall have the right to discontinue Severance Pay or seek return of a pro rata share of Severance Pay paid in a lump sum for any violation of
Article 5 below or for any reason stated in section 2.3(d) above. 

        2.6   Death/Disability:
In the event that the Executive dies or becomes unable to perform his duties hereunder by reason of mental or physical
disorder or injury for a period exceeding ninety (90) days, then, at the Company may terminate this Agreement by giving of written notice to such effect by the Company to the Executive or his
heirs. The Executive or the Executive's heirs shall be entitled to Executive's pro rata salary through the date of such notice, but the Executive or Executive's heirs shall not be entitled to any
individual bonuses or individual incentive compensation not yet paid to Executive by the date of such termination. 

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	3.
	COMPENSATION
AND BENEFITS 

        3.1   Base
Salary: From the commencement of employment as set out in Section 2.1, the Company shall pay the Executive as compensation for
the employment services provided an annual gross salary of $221,000.00, payable in semi-monthly installments in arrears on or about the 15th and last day of each calendar month ("Base
Salary"). The Company shall increase the annual gross salary to the rate of $281,000 after the first commercial purchase of INGRID. As used within this Agreement all dollar amounts, unless
specifically indicated to the contrary, shall be expressed in the lawful currency of the United States of America. 

        3.2   Such
compensation shall be comprehensive and all-inclusive in that it shall be deemed to include all fringe benefits and other compensation whatsoever other
than in respect of the compensation and benefits specifically identified below. The Executive shall not be entitled to any further compensation or reimbursement of expenses in connection with the
discharge of his responsibilities hereunder, unless and only to the extent that such additional compensation or reimbursable expenses are expressly provided for under this Agreement or are incurred in
the line of normal business travel. 

        3.3   Bonus
Plan: Executive shall receive an annual bonus based on a potential of 40% of Base Salary at the sole discretion of the Company. For
2006, 70% of the bonus will be based on achievement of the Earth Decision Sciences EBITDA target and 30% of the bonus will be based on the achievement of the Company's 2006 EBITDA target. The
Executive is eligible to receive a bonus pro rated for the Executive's Base Salary at Paradigm for 2006. 

        3.4   Benefits:
The Executive shall receive the Company's standard benefits package during employment with the Company under the terms and
conditions applicable to other employees subject to the terms of the applicable plans. The benefits package currently includes medical, dental, vision, life, flexible spending, prescription drug
coverage, AD&D, short- and long-term disability insurance, etc. Executive also shall be immediately eligible to participate in the Company's 401(k) plan. The current Company match is 50%
of an employee's contribution (pre-tax), up to a maximum employee contribution of 6% of base salary plus any commissions/bonus to the maximum allowed by the IRS. For benefits and seniority
purposes, the Company will recognize Executive's past employment history with EDS as employment with the Company. 

        3.5   Vacation:
The Executive shall be entitled to a paid annual vacation of 20 working days during each calendar year of employment with half
that amount available in 2006. If Executive does not use all vacation during a calendar year or by the time of termination of employment, such unused vacation, or the value thereof, shall be dealt
with in accordance with the Company's policy and practice on payment in lieu of vacation at the time. 

        3.6   Taxes:
The Company shall withhold or charge the Executive with all taxes and other compulsory payments as required under law in respect of,
or resulting from, the compensation paid to or received by him and in respect of all other benefits of his employment ("Benefit Withholdings") and such with Benefit Withholdings shall be remitted to
the appropriate taxing or other authorities on behalf of the Executive. 

        3.7   Expenses:
The Company will reimburse the Executive for reasonable out of pocket expenses incurred by the Executive on behalf of the Company
in accordance with the Company's normal practice for reimbursement of expenses to senior executives of the Company. 

        3.8   Offset.
In all cases, the compensation and benefits payable to Executive under this Agreement upon termination of employment shall be offset
by any amounts to which the Executive otherwise may be entitled under any and all benefit plans, severance plans, voluntary payments, and policies of the Company, or its affiliates, or amounts
Executive owes the Company or its affiliates at the time of termination. 

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        3.9   Salary
Increases. Executive shall be eligible for salary increases from time to time along with other executives of the Company based on
individual and corporate performance. The amount and timing of increases shall be at the sole discretion of the Board. 

	4.
	CONFIDENTIALITY

        4.1   Executive
agrees not, either during employment with the Company or at any time thereafter, except as required by the Company, to use, publish, disclose, appropriate or
communicate, directly or indirectly, any information related to the following that Executive, in any way, has acquired or may acquire during, or by reason of, his employment with the Company:
(i) the research, development, patent and copyright development and licensing thereof, trade secrets, inventions, formulas, designs, drawings, specifications and engineering, laboratory
analysis, production processes, or equipment of the Company or any of its affiliated companies (collectively the "Paradigm Group"); (ii) the Paradigm Group's marketing techniques, price lists,
pricing policies, sales, service, costs, business method, formula, product specifications, planning; (iii) the names of the Paradigm Group's customers and their representatives, customer
services, or the type, quantity and specifications of products purchased by or from customers; (iv) the Paradigm Group's employees and the terms and conditions of their employment with the
Paradigm Group; (v) the Paradigm Group's computer techniques, programs and software, or (vi) any other confidential or proprietary information of the Paradigm Group or the Paradigm
Group's customers, suppliers, vendors, investors, partners, or other third parties that cannot be obtained readily by the public (collective the "Confidential Information"). Executive acknowledges and
agrees that all Confidential Information is valuable proprietary information of the Paradigm Group, and that it is solely due to his employment with the Company that he has or will come into contact
with the Confidential Information. Executive understands the importance of his obligation of confidentiality and acknowledges that the use or disclosure of Confidential Information could be damaging
to the Paradigm Group's business operations, particularly if such disclosure is by or to a competitor, customer or vendor. 

        4.2   The
Executive shall refrain, both during and after his employment, from publishing any oral or written statements about the Company, any subsidiaries or affiliates, or
any of such entities' officers, employees, agents, or representatives that are slanderous, libelous, or defamatory; or that disclose private or confidential information about their business affairs;
or that constitute an intrusion into their seclusion or private lives; or that give rise to unreasonable publicity about their private lives; or that place them in a false light before the public; or
that constitute a misappropriation of their name or likeness. 

	5.
	COMPETITION
AND SOLICITATION 

        5.1   Executive
acknowledges that the Paradigm Group is providing Executive with access to Confidential Information. In order to protect the Confidential Information described
above, and in consideration for Executive's receiving access to this Confidential Information, the restriction on the Company's right to terminate the employment of Executive as stated in
article 2 above, the right to compensation and benefits upon certain terminations as provided in article 2, and receiving other compensation provided in this Agreement and the associated
corporate transaction, the Company and Executive agree that the Executive shall not, without the prior written consent of the Company, 

        (a)   during
the Agreement, and in the event employment is terminated: (i) by the Company for any reason that is not Cause, the period for which Severance Pay is paid
after Executive's termination; (ii) by the Company for Cause, the period which ends on the later of July 4, 2011 or two years after the termination date, whichever is longer; or
(iii) by Executive's resignation, the period that ends on July 4, 2011 or two years after resignation, whichever is longer 

        (b)   either
individually, or in partnership, or jointly in conjunction with any person, as principal, agent, employee, shareholder (other than a holding of shares listed on a
United States 

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stock
exchange that does not exceed 5% of the outstanding shares so listed) or in any other manner whatsoever carry on or be engaged in or be connected with or advise, lend money to, guarantee the
debts or obligations of or permit his name or any part thereof to be used or employed by any person engaged in or concerned with or interested in any business or venture carrying on business that is
engaged in any activities involving 

        (1)   products
or services similar, related or alternative or actual services or products then produced, developed or intended to be developed by the Paradigm Group, or 

        (2)   information,
processes, technology or equipment that is similar, related, or alternative to information, processes, technology or equipment in which the Paradigm Group
then has a proprietary interest. 

        (c)   This
restriction applies to any business or venture operating or conducting business in any location in which the Company has done business in the last twelve
(12) months of the Executive's employment with the Company. 

        (d)   Executive
agrees that this provision defining the scope of activities constituting competition with the Company is narrow and reasonable for the following reasons:
(i) Executive is free to seek employment with other companies providing products and services that do not directly or indirectly compete with any business of the Company and
(ii) Executive is free to seek employment with other companies in the energy business that do not directly or indirectly compete with any business of the Company, such as oil & gas
exploration companies that do not produce products and services for commercial sale that compete with the Company's products and services. 

        5.2   Non-Solicitation
of Customers. Executive acknowledge that his position involves working with Confidential Information including
identifying, developing, using, and protecting new Confidential Information in the future. Therefore, in exchange for access to such Confidential Information, the restriction on the Company's right to
terminate the employment of Executive as stated in article 2 above, the right to compensation and benefits upon certain terminations as provided in article 2, and receiving other
compensation provided in this Agreement and the associated corporate transaction, Executive agrees, during the Agreement, and in the event employment is terminated: (i) by the Company for any
reason that is not Cause, the period for which Severance Pay is paid after Executive's termination; (ii) by the Company for Cause, the period which ends on the later of July 4, 2011 or
two years after the termination date, whichever is longer; or (iii) by Executive's resignation, the period that ends on July 4, 2011 or two years after resignation, whichever is longer,
not to call on, service, or solicit competing business from customers of the Paradigm Group with whom Executive (i) had or made contact, or (ii) had access to information and files
regarding, during the last twelve (12) months of the Executive's employment. These restrictions are limited to the specific places, addresses, or locations where a customer is present and
available for soliciting or servicing 

        5.3   Hiring
and Solicitation of Employees: The Executive agrees and undertakes that during the Agreement, and in the event employment is
terminated: (i) by the Company for any reason that is not Cause, the period for which Severance Pay is paid after Executive's termination; (ii) by the Company for Cause, the period which
ends on the later of July 4, 2011 or two years after the termination date, whichever is longer; or (iii) by Executive's resignation, the period that ends on July 4, 2011 or two
years after resignation, whichever is longer, he will not, in or on association with any business in which he is carrying on business as principal, agent, employee, shareholder (other than a holding
of shares listed on a United States stock exchange that does not exceed 5% of the outstanding shares so listed) or in any other manner whatsoever, for any purpose or in any place, hire away or induce,
coerce, counsel or entice any employee employed by the Paradigm Group on such date or employed at any time in the preceding twelve (12) months, to leave his/her employment with the Paradigm
Group, nor shall the Executive, during the Agreement, and in the event employment is terminated: (i) by the Company for any reason that is not Cause, the period for which Severance Pay is paid
after Executive's 

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termination;
(ii) by the Company for Cause, the period which ends on the later of July 4, 2011 or two years after the termination date, whichever is longer; or (iii) by
Executive's resignation, the period that ends on July 4, 2011 or two years after resignation, whichever is longer, cause, suggest, recommend, entice or command any other person to so do. 

        5.4   The
Executive agrees that all restrictions in this Article are reasonable, valid and do not go beyond what is necessary to protect the interests of the Paradigm Group,
and all defenses to the strict enforcement thereof by the Paradigm Group are hereby waived by the Executive. The provisions of this Article are only intended to safeguard against the Executive
participating in competitive endeavors against the Paradigm Group and shall not in any way restrict or limit the Executive from being engaged in other employment and businesses that are not in
competition with the Paradigm Group. 

        5.5   If
any term contained in Sections 4.1, 4.2, 5.1, 5.2, or 5.3 are for any reason held to be excessively broad with regard to time, scope of activity or geographic period,
that term shall be construed in a manner to enable it to be enforced to the maximum extent compatible with applicable law, The Executive's obligations under Sections 4.1, 4.2, 5.1, 5.2, and 5.3
survive the termination of employment or the termination of this Agreement. 

	6.
	INVENTIONS

        6.1   Without
additional compensation or consideration, Executive hereby assigns and will in the future assign to the Company, waives and will in the future waive and
acknowledges and will in the future acknowledge the Company's full and exclusive ownership of intellectual property rights, including any moral right, both foreign and domestic, relating to all
inventions, improvements, mask works, discoveries or works, whether or not capable of being patented or copyrighted, which Executive may conceive, make, develop, author, or work on, in whole or in
part, independently or jointly with others during the term of this Agreement. 

        6.2   Executive
will promptly disclose and describe to the Company all inventions which Executive may solely or jointly conceive, develop, or reduce to practice during the
term of this Agreement (i) which relate to the Company business or to actual or demonstrably anticipated research or development undertaken by the Company, (ii) which are developed in
whole or in part on Company time or with the use of any of the Company's equipment, supplies, facilities or trade secret information, or (iii) which result directly or indirectly from the
Executive's performance of his duties for the Company under this Agreement. Executive agrees to assign and does hereby assign to the Company or its designee(s) all of Executive's right, title and
interest worldwide in such inventions and in all intellectual property rights based upon such inventions. 

        6.3   Executive
will, at the Company's expense, assist in preparation and registration of patents and all other intellectual property in favor of the Company in any
jurisdiction deemed appropriate by the Company. Such assistance shall include, without limitation, the preparation of documents, drawings and other data and execution of assignments, applications and
other forms. Executive agrees to perform this obligation during and after the term of this Agreement. 

        6.4   In
further consideration for the covenants contained in this Agreement and the Share Purchase Agreement between Executive and the Company or an affiliate of the Company,
and on behalf of his heirs and assigns, for all time, Executive hereby waives and agrees not to assert any and all claims Executive has or might have to the ownership or any interest in any
intellectual property, including, without limitations, both foreign and domestic, relating to all inventions, improvements, copyrights, software, discoveries works, or trade secrets, whether or not
capable of being patented or copyrighted, which Executive has or may have conceived, made, developed, authored, or worked on, in whole or in part, independently or jointly with others, which relate in
whole or in part to the Company's current or future business, or can be useful in the Company's current or future business in any manner. In particular, Executive agrees that Executive will not assert
any ownership rights to any 

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computer
code used in GOCAD or INGRID software, or any other software that is being developed or used in whole or in part in any product or service sold or licensed by the Company, This
Section 6.4 will survive termination of this Agreement, 

        6.5   Further,
to the extent Executive is called upon by the Company, Executive agrees to assist the Company to help secure ownership in intellectual property, or to help
defend it against all claims that seek to divest the Company of intellectual property rights. 

	7.
	WARRANTIES

        7.1   The
Executive represents and warrants that on the date hereof he is free to be employed by the Company upon the terms contained in this Agreement and that there is no
employment contracts, consulting contracts or restrictive covenants preventing full performance of his duties hereunder. 

        7.2   The
Executive represents and warrants that he will not use during the course of his employment with the Company any trade secrets or proprietary information which is the
property of the Executive's previous employer(s) in such a manner that may breach any confidentiality or other obligation the Executive may have with such former employer(s). 

	8.
	GENERAL
PROVISIONS 

        8.1   This
Agreement shall not be amended, modified or varied by any oral agreement or representation or otherwise than by written instrument executed by both parties and
their duly authorized representatives. 

        8.2   No
failure, delay or forbearance of either party in exercising any power or right hereunder shall in any way restrict or diminish such party's rights and powers under
this Agreement, or operate as a waiver of any breach or non-performance by either party of any of the terms or conditions hereof. 

        8.3   If
any term or provision of this Agreement shall be declared invalid, illegal or unenforceable, then such term or provision shall be enforceable to the extent that a
court shall deem it reasonable to enforce such term or provision and, if any such term or provision shall be unreasonable to enforce to any extent, such term or provision shall be severed and all
remaining terms and provisions shall be unaffected and shall continue in full force and effect. 

        8.4   The
terms and conditions of this Agreement supersede those of all previous agreements and arrangements, either written or oral, relating to the subject hereof. Article
and section headings contained in this Agreement are provided for convenience and reference only, and do not define or effect the meaning, construction, or scope of any of the provisions of this
Agreement. Executive and the Company agree that this Agreement shall become null and void if the purchase of EDS by the Company (including its affiliates) is not completed. 

        8.5   This
Agreement is personal to the Executive, and the Executive shall not assign or delegate his rights or duties to a third party, whether by contract, will or operation
of law, without the Company's prior written consent. 

        8.6   This
Agreement shall endure to the benefit of the Company's successors and assigns. 

        8.7   Each
notice and/or demand given by one party pursuant to this Agreement may be given in writing and shall be sent by certified mail to the Company at Two Memorial Plaza,
820 Gessner, Houston, TX 77024, with attention to the President of the Company and to Executive at his last address on file with the Company, and such notice and/or demand shall be deemed given at the
expiration of seven (7) days from the date of mailing by certified mail or immediately if delivered by hand. Such address shall be effective unless notice of a change in address is provided by
certified mail to the other party. 

        8.8   It
is hereby agreed between the parties that the laws of Texas shall apply to this Agreement. The prevailing party in any litigation related to this Agreement shall be
entitled to recover, in addition to any other relief available, its attorneys fees and related expenses. 

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        IN
WITNESS THEREOF, the parties have executed this Agreement as of the day and year first above written. 

	 	 	The Executive
	

 	
 	

/s/  JEAN-CLAUDE DULAC      
	 	 	
 Jean-Claude Dulac
	

    	
 	

 	

 
	

 	
 	

PARADIGM GEOPHYSICAL CORP.
	

 	
 	

By:	

/s/  JOHN W. GIBSON      

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Exhibit 10.11  

  

October 3,
2005 

CONFIDENTIAL  

Mr. Eldad
Weiss

Gav-Yam Center No. 3

9 Shenkar Street

P.O.B. 2061 Herzliya B 46120

Israel 

Dear
Eldad: 

        You
have indicated your interest to resign from your positions as Chief Executive Officer of Paradigm Geotechnology B.V. ("Parent") and Paradigm Geophysical Ltd. ("Company"). The
purpose of this letter is to address your status. Reference is made to your Employment Agreement with the Parent and Company dated as of October 31, 2002 (the "Agreement"). 

	1.
	Effective
as of September 30, 2005 (the "Effective Date"), you will be treated as having delivered to the Company written notice of your termination of the Agreement and the
employment relationship thereunder pursuant to Section 2.1.1 of the Agreement.

	2.
	The
Company has elected to terminate you in an "Early Termination" under Section 2.1.1 of the Agreement as of the Effective Date and, accordingly, you will receive a
"Buy-out Payment," subject to the following modifications: (a) you will vest in any options which would have vested during the "Notice Period" (as defined in Section 2.1.1 of
the Agreement) running from the Effective Date; (b) your "Extended Exercise Options" shall remain exercisable as described in Section 10.2 of Appendix B to the Agreement rather
than Section 10.3 (i.e., as if you were terminated by the Company without Justifiable Cause); and (c) the Buy-out Payment will
be paid in twelve equal monthly installments beginning on the 30-day anniversary of the Effective Date.

	3.
	The
Company will allow you to continue serving as a member of the Managing Board of the Company over the next year, subject to its right (and the right of its shareholders) to remove
you from such position at any time. 

Paradigm
Geophysical

Telestone 8, Teleport, Naritaweg 165, 1043 BW Amsterdam, The Netherlands 

 

	4.
	Nothing
in this letter shall limit or otherwise waive the Company's right to deliver notice to you either before or after the Effective Date stating that the Company has decided to
terminate the Agreement for Justifiable Cause pursuant to Section 2.1.2 thereof, and thereafter to cease all payments and vesting of options including any amounts due you as part of the
Buy-Out Payment. If the Company elects to deliver such a notice to you, then the Company agrees to arbitrate, and you agree to submit to arbitration, any claim you may have that there was
no Justifiable Cause. If you prevail in such an arbitration, you may be awarded up to $25,000 to cover your attorney's fees and costs in connection with such arbitration. The place and manner of such
arbitration shall be subject to the reasonable agreement of the parties; provided that if the parties cannot agree on a single arbitrator, each party shall select an arbitrator, and those two
arbitrators will select a third.

	5.
	You
will be given an opportunity to review, prior to their distribution, the Company's internal memorandum and press release relating to your resignation.

	6.
	You
remain subject to the covenants contained in Sections 4 and 5 of the Agreement. You hereby release all claims as provided in Annex A hereto and further agree to the
non-disparagement covenants set forth in such Annex.

	7.
	Any
breach of your obligations as referenced in part 6 above will result in the termination of any payments otherwise due you from the Company, including without limitation, any
amounts attributable to the Buy-out Payment, and the Company shall be entitled to injunctive relief to remedy any such breach, in addition to any other remedies it may have.

	8.
	For
twelve months following the Effective Date (the "Buy-out Period"), in addition to serving as a member of the Managing Board of the Company (as provided in part 3
above), you shall cooperate with the Company as requested with respect to transition assistance, consulting and other matters relating to the Company and your responsibilities while employed. The
Company shall, to the extent it determines necessary in its sole discretion, provide you with access to its facilities and office space in connection with your provision of services to the Company.
Following the conclusion of the Buy-out Period, you and the Company will discuss an appropriate consulting arrangement to permit access to your industry knowledge and contacts.

	9.
	Except
as modified pursuant to this letter, the Agreement shall remain in full force and effect. 

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        Please
confirm your understanding of the terms of this letter by signing below and returning a copy to the undersigned. 

	 	 	Sincerely,
	

 	
 	

/s/ John Gibson
 John Gibson

On behalf of Paradigm Geotechnology B.V. & Paradigm Geophysical, Ltd.

	AGREED AND ACKNOWLEDGED:	 	 
	

/s/ Eldad Weiss
 Eldad Weiss

	
 	

 

JGW/cga

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ANNEX A    
    

        For purposes of this Annex A, the definition of "Company" shall include the Company and affiliated entities, including without limitation, Fox Paine Capital Fund,
L.P., FPC Investors, L.P., Fox Paine Capital, LLC, Fox Paine Capital Fund II GP, LLC, Fox Paine Capital Fund II, L.P., Fox Paine Capital Fund II International, L.P., Fox Paine Capital Fund II
Co-Investors International, L.P., FPC Investment GP, and all corporate entities that are partners in any such related entities and each of their past and present directors, members,
managers, officers, employees, servants, divisions, owners, shareholders and successors (including, without limitation, Saul Fox and Dexter Paine and their immediate families (including former spouses
and former step-children)), and all affiliates of the foregoing. 

1.    Releases:    

        (a)   In
consideration of the payments provided for herein, you on behalf of yourself, your heirs, beneficiaries and assigns, voluntarily, knowingly and willingly release and
forever discharge the Company, its subsidiaries, divisions, parents, shareholders and related entities from any and all claims, charges, complaints, liens, demands, causes of action, obligations,
damages and liabilities (including legal expenses) (all hereinafter referred to as "Claims"), known or unknown, that you ever had, now have or may hereafter claim to have against the Company as of the
date hereof with respect to any matter whatsoever, including, without limitation, any Claims arising directly or indirectly out of, or in any way connected with, based upon, or related to, your
employment and its termination with the Company or any claim to compensation or benefits from your employment with the Company. 

        (b)   You
further represent that you have not, at any time up to and including the date on which you sign this letter, commenced, and will not in the future commence, to the
full extent permitted by law, any action or proceeding, or file any charge or complaint, of any nature and you waive to the full extent permitted by law, any right to any monetary or equitable relief
in any proceeding that may relate to the matters released by in paragraph (a) above. 

        (c)   You
agree that in the event of a breach by you or your heirs or assigns of this release: (i) the Company will be irreparably damaged and will have no adequate
remedy at law, and will be entitled to an injunction as a matter of right from any court of competent jurisdiction restraining any further breach of this release; (ii) you will indemnify and
hold the Company harmless from and against any and all damages or losses incurred by the Company (including reasonable attorneys' fees and expenses) as a result of such breach; and (iii) the
Company's remaining obligations under the Agreement and this letter, if any, shall immediately terminate (unless otherwise amended herein). You further agree that this release may and shall be pleaded
as a full and complete defense to any action, suit or other proceeding covered by the terms of 

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this
release which is or may be instituted, prosecuted or maintained by you, your heirs and assigns. 

        2.     Non-Disparagement.
You agree that all times you shall present your employment with the Company in a positive light and that you will not at any time
disparage, denigrate or call into question or encourage or induce others to disparage, denigrate or call into question the Company, including Saul Fox, Dexter Paine and each of their respective
immediate families, or call into question the business operations, status or reputation of the Company. For the purposes of this paragraph, the term "disparage" includes, without limitation, comments
or statements to the press and/or media or any individual or entity with whom the Company has a business relationship that may adversely affect in any manner (a) the conduct of the business of
the Company (including, without limitation, any business plans or prospects) or (b) the business reputation of the Company or the quality, standing or character of any of the Company's (or
those of its affiliates) services or products. 

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QuickLinks

ANNEX A

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