Document:

Exhibit 10.2(b)

                         AMENDMENT TO LICENSE AGREEMENT

     Amendment to License Agreement,  dated as of April 21, 2004, by and between
Pro Tech  Communications,  Inc.,  a Florida  corporation  with  offices  at 4492
Okeechobee  Road, Fort Pierce,  Florida 34947 USA ("Pro Tech"),  and NCT Hearing
Products,  Inc.,  a Delaware  corporation  with  offices  at 20 Ketchum  Street,
Westport, Connecticut 06880 USA ("NCT Hearing").

     WHEREAS Pro Tech and NCT Hearing are parties to a License Agreement,  dated
as of September 12, 2000 (the "License Agreement"); and

     WHEREAS Pro Tech and NCT Hearing  wish to amend the  License  Agreement  to
expand the scope of the license granted therein;

     NOW  THEREFORE,  in  consideration  of the mutual  promises  and  covenants
contained  herein and other good and  valuable  consideration,  the  receipt and
sufficiency of which are hereby acknowledged,  Pro Tech and NCT Hearing agree as
follows:

1.   Section  1.6 of the  License  Agreement  is hereby  amended  to read in its
     entirety as follows:

     1.6  "Licensed  Products" shall mean exclusively those at the ear listening
          and communication devices, including related accessories, which embody
          or employ all or part of the  Licensed  Patents  and/or  the  Licensed
          Technology.

2.   Section  1.8 of the  License  Agreement  is hereby  amended  to read in its
     entirety as follows:

     1.8  "Market" shall mean the worldwide market for Licensed Products.

3.   A new Section 2.7 is hereby added to the License Agreement,  to read in its
     entirety as follows:

     2.7  Trademark   License.   NCT   Hearing   hereby   grants  Pro  Tech  the
          non-exclusive right, in making,  using,  distributing,  selling and/or
          having sold Licensed Products in the Market, to utilize the trademarks
          and service marks "NOISEBUSTER,"  "PROACTIVE" and "CLEARSPEECH" to the
          extent, and subject to the terms and conditions, set forth in Schedule
          E to this Agreement.  To the extent of any inconsistency  between such
          Schedule E and the body of this  Agreement,  Schedule E shall  govern.
          NCT Hearing hereby  represents to Pro Tech that it is a  non-exclusive
          licensee of such trademarks and service marks from NCT Group, Inc.

4.   A new Schedule E is hereby added to the License  Agreement,  to read in its
     entirety as set forth in Schedule E annexed to this Amendment.

5.   Pro Tech shall  immediately issue to NCT Hearing Nine Million Eight Hundred
     Twenty-One  Thousand  Four Hundred  Twenty-Nine  (9,821,429)  shares of its
     common  stock,  par value  $.001 per share (the  "Amendment  Shares").  The
     Amendment Shares, upon issuance, shall be duly authorized,  validly issued,
     fully paid and non-assessable.  The Amendment Shares, upon issuance,  shall
     not be registered under the Securities Act of 1933, and the  certificate(s)
     representing  the Amendment  Shares shall contain a legend so stating.  NCT
     Hearing  hereby

                                       1
<PAGE>

     represents to Pro Tech that it is acquiring  the  Amendment  Shares for its
     own account,  for investment only and not a view toward  distribution.  Pro
     Tech hereby  represents  and warrants to NCT Hearing that (a) Pro Tech is a
     corporation duly organized, validly existing and in good standing under the
     laws of the State of Florida; (b) the issuance by Pro Tech of the Amendment
     Shares as described  herein will not violate the Articles of  Incorporation
     or By-Laws of Pro Tech or any  judicial,  administrative,  governmental  or
     contractual  order or restriction by which Pro Tech is bound or require any
     third party  consent  which  consent will not have been  obtained;  (c) all
     reports  required to be filed by Pro Tech with the  Securities and Exchange
     Commission  (collectively,  the "Reports") have been so filed;  and (d) the
     Reports do not contain  any untrue  statement  of material  fact or omit to
     state a material  fact  required to be stated  therein or necessary to make
     the statements  therein not misleading in light of the circumstances  under
     which they were made.

6.   Each party  hereto  represents  and  warrants  to the other that it has the
     power and authority to enter into and perform this Amendment.

     Except as set forth  herein,  the License  Agreement  shall  remain in full
     force and effect.

     IN WITNESS  WHEREOF,  Pro Tech and NCT Hearing have executed this Amendment
as of the date first written above.

PRO TECH COMMUNICATIONS, INC.

By:  /s/ RICHARD HENNESSEY
   -----------------------------------
         Richard Hennessey
         President

NCT HEARING PRODUCTS, INC.

By:  /s/ IRENE LEBOVICS
   -----------------------------------
         Irene Lebovics
         President

--   To the extent  that the  consent of NCT Group,  Inc.  is  required  for the
     grants  of  rights   from  NCT   Hearing   Products,   Inc.   to  Pro  Tech
     Communications,  Inc.  contained  in the  foregoing  Amendment  to  License
     Agreement  (including  the new Schedule E), NCT Group,  Inc.  hereby grants
     such consent.

NCT GROUP, INC.

By:  /s/ IRENE LEBOVICS
   -----------------------------------
         Irene Lebovics
         President

                                       2
<PAGE>

                                   Schedule E

              Trademark Sublicense from NCT Hearing Products, Inc.
                        to Pro Tech Communications, Inc.

1.   License. NCT Hearing grants to Pro Tech the non-exclusive right and license
     to use the trademarks and service marks described below (collectively,  the
     "Marks") in the Territory in  association  with Licensed  Products that are
     within  the  respective  categories  described  below  (collectively,   the
     "Trademark  Products") and that are manufactured or distributed (or, in the
     case of services,  provided) by Pro Tech or on Pro Tech's  behalf under its
     supervision.

-------------------------- -----------------------------------------------------
          Marks                            Trademark Products
-------------------------- -----------------------------------------------------
      NOISEBUSTER          Active noise reduction headphones and headsets
-------------------------- -----------------------------------------------------
      PROACTIVE            Active noise reduction headphones and headsets
-------------------------- -----------------------------------------------------
      CLEARSPEECH          Audio devices utilizing any of NCT's or NCT Hearing's
                           ClearSpeech noise and echo cancellation algorithms on
                           a digital signal processing platform
-------------------------- -----------------------------------------------------

     The quality of the Trademark Products shall at all times be satisfactory to
     NCT Hearing.

2.   Inspection.  Upon prior  reasonable  notice,  NCT  Hearing  may inspect the
     Trademark  Products  on the  premises  of Pro  Tech  (or,  in the  case  of
     services, through reasonable other means). Upon the request of NCT Hearing,
     Pro  Tech  shall  submit  to NCT  Hearing  samples  of (or,  in the case of
     services, documentation describing) the Trademark Products.

3.   Ownership  of  Marks.  Pro  Tech  acknowledges  that  NCT  Hearing  is  the
     non-exclusive licensee from NCT of the Marks, all registrations thereof and
     all applications for registration  thereof.  Pro Tech shall not do or cause
     to be done any act or thing  contesting  or in any way impairing or tending
     to impair any part of NCT's  ownership  interest or NCT  Hearing's  primary
     license.  Pro Tech shall not  represent  to any third party that it has any
     ownership in the Marks or in any  registration or registration  application
     relating  thereto.  Pro  Tech's  use of the Marks  shall not  create in Pro
     Tech's favor any ownership  interest in the Marks. All rights in and to the
     Marks not  expressly  granted to Pro Tech under this  Agreement  are hereby
     reserved by NCT Hearing for itself and NCT.

4.   Use of  Marks.  When  using  the  Marks,  Pro Tech  shall  comply  with all
     applicable  laws  pertaining to the use of trademarks and service marks and
     shall indicate that such Marks are  trademarks,  service marks,  registered
     trademarks or registered  service marks (as  appropriate) of NCT, or of NCT
     Hearing or Pro Tech as  licensee.  Pro Tech shall  provide NCT Hearing with
     samples of all  literature,  packaging  and  labeling  used by Pro Tech and
     containing the Marks.

5.   Transfer of Marks.  Pro Tech may not assign,  transfer or sublicense any of
     its rights under this  Agreement or authorize any other person or entity to
     use the Marks without NCT Hearing's prior written consent in each instance.

                                       3
<PAGE>

6.   Maintenance of Marks.  If a Mark is registered with a governmental or other
     trademark  authority,  Pro Tech shall do nothing  that would or could cause
     the termination or invalidation of such  registration  and shall,  upon the
     request of NCT  Hearing,  cooperate  with NCT Hearing or NCT (at Pro Tech's
     expense)  in any effort by NCT Hearing or NCT to renew,  extend,  maintain,
     protect or prosecute such registration.  If a Mark is not registered with a
     governmental or other trademark authority in a geographic area in which Pro
     Tech uses or intends to use such Mark, Pro Tech shall,  upon the request of
     NCT Hearing,  cooperate with NCT Hearing or NCT (at Pro Tech's  expense) in
     any effort by NCT Hearing or NCT to register such Mark in such area.

7.   Indemnity. NCT Hearing assumes no liability to Pro Tech or to third parties
     with respect to the use of the Marks in the Territory or the performance or
     characteristics  of the  Trademark  Products.  In addition,  Pro Tech shall
     indemnify  and hold harmless NCT Hearing,  NCT,  their  affiliates  and the
     directors,  officers,  employees and agents of all thereof, against any and
     all losses,  damages and expenses,  including but not limited to reasonable
     attorneys'  fees,  incurred  as a result of or in  connection  with any (a)
     breach  by Pro Tech of any  provision  of this  Schedule  E, (b) claim by a
     third party  involving the  manufacture,  distribution  or provision of the
     Trademark Products by Pro Tech or its sublicensee or (c) use by Pro Tech of
     any of the Marks.

8.   Term  and  Termination.  The  grant  of  rights  in this  Schedule  E shall
     terminate  automatically  as of the date that NCT Hearing's  license in the
     Marks from NCT terminates.  NCT Hearing  represents to Pro Tech that, as of
     the date hereof,  such license from NCT is scheduled to last until July 26,
     2012.  NCT  Hearing  shall  give  Pro  Tech as much  advance  notice  as is
     practicable  under the circumstances in the event that its license from NCT
     terminates prior to such date.  Notwithstanding the foregoing,  NCT Hearing
     may, upon ten days' prior written notice to Pro Tech,  terminate the rights
     granted to Pro Tech in this  Schedule E (a) for the material  breach of the
     provisions of this  Schedule E by Pro Tech,  which  termination  shall take
     effect  unless Pro Tech cures such  breach  prior to the  effectiveness  of
     termination;  or (b)  without  cause,  if Pro Tech no longer  controls,  is
     controlled by or is under common control with NCT Hearing.  Upon expiration
     or any  termination  of the rights  granted to Pro Tech in this Schedule E,
     Pro Tech shall  cease all use of the Marks and shall not use any  trademark
     or service mark similar to or likely to be confused with any Mark.

                                       4_

Exhibit 10.2

 

[Amended and Restated Form of Grant for Employees under
Plan]

 

SEITEL, INC.

RESTRICTED STOCK AWARD
AGREEMENT

 

THIS RESTRICTED STOCK AGREEMENT (this
"Agreement") is made and entered into by and between Seitel, Inc., a Delaware
corporation (the "Company"), and [Name of Employee] ("Grantee"),
effective as of the grant date shown in Appendix A attached hereto
pursuant to the Seitel, Inc. 2004 Stock Option Plan (the "Plan").  The Plan is
incorporated by reference herein in its entirety.  Capitalized terms not otherwise
defined in this Agreement shall have the meaning given such terms as defined in
the Plan.

WHEREAS, Grantee is an employee of the Company
and in connection with such employment, the Committee on behalf of the Company
has authorized a grant to Grantee a number of restricted shares of the
Company's Stock, par value $.01 per share (the "Common Stock"), effective [Date],
in the amount indicated on Appendix A and which is pursuant to and shall be
subject to the terms and conditions of this Agreement and the Plan, with a view
to increasing Grantee's interest in the Company's welfare and growth; and

WHEREAS, Grantee desires to receive shares of
the Common Stock as Restricted Stock pursuant to this Agreement in connection
with his employment.

NOW, THEREFORE, in consideration of the
premises, mutual covenants and agreements contained herein, and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto, intending to be legally bound hereby, agree
as follows:

1.                 
Grant of Common Stock.  Subject to the
restrictions, forfeiture provisions and other terms and conditions set forth
herein (a) the Company hereby grants to Grantee the number of shares of
Common Stock ("Restricted Shares") as set out in Appendix A hereto, and
(b) subject to the terms hereof, Grantee shall have and may exercise
rights and privileges of ownership of such Restricted Shares, including,
without limitation, the voting rights of such shares and the right to receive
dividends declared in respect thereof.  This Agreement and the grant of
Restricted Shares are subject to administration by and the rules and procedures
established by the Committee under the Plan.

2.                 
Transfer Restrictions; Vesting.

(a)              
Generally.  Grantee shall not sell, assign, transfer,
exchange, pledge, encumber, gift, devise, hypothecate or otherwise dispose of
(collectively, "Transfer") any Restricted Shares prior to their vesting in
accordance with the Vesting Dates set out in Appendix A.  Further, even after
such Restricted Shares become vested, such vested Restricted Shares may not be
sold or otherwise disposed of in any manner which would constitute a violation
of any applicable federal or state securities laws or other applicable law,
rules of any exchange on which the Company's securities are traded or listed,
or Company rules or policies as determined by Company in its sole discretion. 
Restricted Shares shall vest as of each of the Vesting Dates set out in
Appendix A provided that Grantee remains employed with the Company through the
Vesting Date, except as may otherwise be provided herein.

(b)              
Dividends, etc.  If the Company (i) declares a dividend
or makes a distribution on Common Stock in shares of Common Stock or
(ii) subdivides or reclassifies outstanding shares of Common Stock into a
greater number of shares of Common Stock or (iii) combines or reclassifies
outstanding shares of Common Stock into a smaller number of shares of Common
Stock, then the number of shares of Grantee's Common Stock subject to the
transfer restrictions in this Agreement shall be proportionally increased or
reduced as to prevent enlargement or dilution of Grantee's rights and duties
hereunder.  The determination of the Company's Board of Directors regarding
such adjustment should be final and binding.

3.                 
Vesting on Change in Control.  Notwithstanding
the provisions in Section 2, on the date immediately preceding the date of
a Change in Control (as defined below), the Restricted Shares shall be 100%
vested.  For purposes of this Agreement, a "Change in Control" shall
mean the occurrence of any of the following events:

(a)              
any Person (other than the Company, any trustee or other fiduciary
holding securities under any employee benefit plan of the Company, or any
company owned, directly or indirectly, by the stockholders of the Company
immediately prior to the occurrence with respect to which the evaluation is
being made in substantially the same proportions as their ownership of the
common stock of the Company) acquires securities of the Company and immediately
thereafter is the Beneficial Owner (except that a Person shall be deemed to be
the Beneficial Owner of all shares that any such Person has the right to
acquire pursuant to any agreement or arrangement or upon exercise of conversion
rights, warrants or options or otherwise, without regard to the 60-day period
referred to in Rule 13d-3 under the Securities Exchange Act of 1934 (the
"Exchange Act"), directly or indirectly, of securities of the Company
representing 50% or more of the combined voting power of the Company's then
outstanding securities (except that an acquisition of original issue securities
directly from the Company shall not be deemed an acquisition for purposes of
this clause (a));

(b)              
during any period of two consecutive years, individuals who at the
beginning of such period constitute the Board, and any new director (other than
a director designated by a person who has entered into an agreement with the
Company to effect a transaction described in clause (a), (c), or (d) of this
paragraph) whose election by the Board or nomination for election by the
Company's stockholders was approved by a vote of at least two thirds of the
directors then still in office who either were directors at the beginning of
the two-year period or whose election or nomination for election was previously
so approved but excluding for this purpose any such new director whose initial
assumption of office occurs as a result of either an actual or threatened
election contest (as such terms are used in Rule 14a-11 of Regulation 14A
promulgated under the Exchange Act) or other actual or threatened solicitation
of proxies or consents by or on behalf of an individual, corporation,
partnership, group, associate or other entity or Person other than the Board,
cease for any reason to constitute at least a majority of the Board; 
 

(c)               
the consummation of a merger or consolidation of the Company with
any other entity, other than  (i) a merger or consolidation which would
result in the voting securities of the Company outstanding immediately prior
thereto continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving or resulting entity) more
than 50% of the combined voting power of the surviving or resulting entity
outstanding immediately after such merger or consolidation or (ii) a merger or consolidation in which no premium is intended to be paid to any
shareholder participating in the merger or consolidation;

(d)              
the stockholders of the Company approve a plan or agreement for the
sale or disposition of all or substantially all of the consolidated assets of
the Company (other than such a sale or disposition immediately after which such
assets will be owned directly or indirectly by the stockholders of the Company,
in substantially the same proportions as their ownership of the common stock of
the Company immediately prior to such sale or disposition) in which case the
Board shall determine the effective date of the Change in Control resulting
therefrom; or

(e)               
any other event occurs which the Board determines, in its discretion,
would materially alter the structure of the Company or its ownership.

(f)                
"Beneficial Owner" shall have the meaning ascribed to such term in
Rule 13d-3 under the Exchange Act and any successor to such Rule.

(g)              
 "Person" shall have the meaning ascribed to such term in Section
3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof, and
shall include a "group" as defined in Section 13(d) thereof.

4.                 
Forfeiture.

(a)              
Termination of Service.  If Grantee's employment with the
Company is terminated by the Company or Grantee for any reason, other than on
account of Grantee's death or "Permanent Disability" (as defined in Section
22(e)(3) of the Internal Revenue Code of 1986, as amended) then Grantee shall
immediately forfeit all Restricted Shares which are unvested unless the
Committee, in its sole discretion, determines that any or all of such unvested
Restricted Shares shall not be so forfeited..

(b)              
Death or Permanent Disability.  In the event of Grantee's
death or Permanent Disability the Restricted Shares shall be 100% vested.

(c)               
Forfeited Shares.  Any Restricted Shares forfeited under this
Section 4 shall automatically revert to the Company and become canceled and
such shares shall be again subject to the Plan as provided in Section 4 of the
Plan.  Any certificate(s) representing Restricted Shares which include
forfeited shares shall only represent that number of Restricted Shares which
have not been forfeited hereunder.  Upon the Company's request, Grantee agrees
for himself and any other holder(s) to tender to the Company any certificate(s)
representing Restricted Shares which include forfeited shares for a new
certificate representing the unforfeited number of Restricted Shares.

5.                 
Issuance of Certificate.

(a)              
The Company shall cause to be issued a stock certificate, registered
in the name of the Grantee, evidencing the Restricted Shares upon receipt of a
stock power duly endorsed in blank with respect to such shares.  Each such
stock certificate shall bear the following legend:

THE TRANSFERABILITY OF THIS
CERTIFICATE AND THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE
RESTRICTIONS, TERMS AND CONDITIONS (INCLUDING FORFEITURE AND RESTRICTIONS
AGAINST TRANSFER) CONTAINED IN THE RESTRICTED STOCK AGREEMENT ENTERED INTO
BETWEEN THE REGISTERED OWNER OF SUCH SHARES AND SEITEL, INC.  COPIES OF
THE RESTRICTED STOCK AGREEMENT ARE ON FILE IN THE OFFICE OF THE SECRETARY OF
SEITEL, INC., LOCATED AT 10811 S. WESTVIEW CIRCLE DRIVE, SUITE 100, BLDG. C, HOUSTON, TEXAS  77043.

Such legend shall not be removed from the
certificate evidencing Restricted Shares until such time as the restrictions
thereon have lapsed.

(b)              
The certificate issued pursuant to this Section 5, together with the
stock powers relating to the Restricted Shares evidenced by such certificate,
shall be held by the Company.  The Company may issue to the Grantee a receipt
evidencing the certificates held by it which are registered in the name of the
Grantee.

6.                 
Miscellaneous.

(a)              
Certain Transfers Void.  Any purported transfer of Restricted
Shares in breach of any provision of this Agreement shall be void and
ineffectual, and shall not operate to transfer any interest or title in the
purported transferee.

(b)              
No Fractional Shares.  All provisions of this Agreement concern
whole shares of Common Stock.  If the application of any provision hereunder
would yield a fractional share, the value of such fractional share shall be
paid to the Grantee in cash.

(c)               
Not an Agreement for Continued Employment or Services.  This
Agreement shall not, and no provision of this Agreement shall be construed or
interpreted to, create any right of Grantee to continue employment with or
provide services to the Company, Company affiliates, parent, subsidiary or
their affiliates.   

(d)              
Dispute Resolution.

(i)                 
Arbitration. All disputes and controversies of every kind and
nature between any parties hereto arising out of or in connection with this
Agreement or the transactions described herein as to the construction,
validity, interpretation or meaning, performance, non-performance, enforcement,
operation or breach, shall be submitted to arbitration pursuant to the
following procedures:

(1)              
After a dispute or controversy arises, any party may, in a written
notice delivered to the other parties to the dispute, demand such arbitration.
Such notice shall designate the name of the arbitrator (who shall be an
impartial person) appointed by such party demanding arbitration, together with
a statement of the matter in controversy.

(2)              
Within 30 days after receipt of such demand, the other parties shall, in
a written notice delivered to the first party, name such parties' arbitrator
(who shall be an impartial person). If such parties fail to name an arbitrator,
then the second arbitrator shall be named by the American Arbitration Association
(the "AAA"). The two arbitrators so selected shall name a third
arbitrator (who shall be an impartial person) within 30 days, or in lieu of
such agreement on a third arbitrator by the two arbitrators so appointed, the
third arbitrator shall be appointed by the AAA. If any arbitrator appointed
hereunder shall die, resign, refuse or become unable to act before an
arbitration decision is rendered, then the vacancy shall be filled by the
method set forth in this Section for the original appointment of such
arbitrator.

(3)              
Each party shall bear its own arbitration costs and expenses. The
arbitration hearing shall be held in Houston, Texas at a location designated by
a majority of the arbitrators. The Commercial Arbitration Rules of the American
Arbitration Association shall be incorporated by reference at such hearing and
the substantive laws of the State of Texas (excluding conflict of laws
provisions) shall apply.

(4)              
The arbitration hearing shall be concluded within ten (10) days unless
otherwise ordered by the arbitrators and the written award thereon shall be
made within fifteen (15) days after the close of submission of evidence. An
award rendered by a majority of the arbitrators appointed pursuant to this
Agreement shall be final and binding on all parties to the proceeding, shall
resolve the question of costs of the arbitrators and all related matters, and
judgment on such award may be entered and enforced by either party in any court
of competent jurisdiction.

(5)              
Except as set forth in Section 6(e)(ii), the parties stipulate that
the provisions of this Section shall be a complete defense to any suit, action
or proceeding instituted in any federal, state or local court or before any
administrative tribunal with respect to any controversy or dispute arising out
of this Agreement or the transactions described herein. The arbitration
provisions hereof shall, with respect to such controversy or dispute, survive
the termination or expiration of this Agreement.

No party to an arbitration may disclose the existence or
results of any arbitration hereunder without the prior written consent of the
other parties; nor will any party to an arbitration disclose to any third party
any confidential information disclosed by any other party to an arbitration in
the course of an arbitration hereunder without the prior written consent of
such other party.

(ii)               
Emergency Relief. Notwithstanding anything in this Section 6(d)
to the contrary, any party may seek from a court any provisional remedy that
may be necessary to protect any rights or property of such party pending the
establishment of the arbitral tribunal or its determination of the merits of
the controversy or to enforce a party's rights under Section 6(d).

(e)               
Notices.  Any notice, instruction, authorization, request or
demand required hereunder shall be in writing, and shall be delivered either by
personal in-hand delivery, by telecopy or similar facsimile means, by certified
or registered mail, return receipt requested, or by courier or delivery
service, addressed to the Company at the address indicated beneath its
signature on the execution page of this Agreement, and to Grantee at his
address indicated herewith, or at such other address and number as a party
shall have previously designated by written notice given to the other party in
the manner herein set forth.  Notices shall be deemed given when received, if
sent by facsimile means (confirmation of such receipt by confirmed facsimile
transmission being deemed receipt of communications sent by facsimile means),
and when delivered and receipted for (or upon the date of attempted delivery
where delivery is refused), if hand-delivered, sent by express courier or
delivery service, or sent by certified or registered mail, return receipt
requested.

(f)                
Amendment and Waiver.  This Agreement may be amended,
modified or superseded only by written instrument executed by the Company and
Grantee.  Any waiver of the terms or conditions hereof shall be made only by a
written instrument executed and delivered by the party waiving compliance.  Any
amendment or waiver agreed to by the Company shall be effective only if
executed and delivered by a duly authorized executive officer of the Company. 
The failure of any party at any time or times to require performance of any
provisions hereof shall in no manner effect the right to enforce the same.  No
waiver by any party of any term or condition in this Agreement, or breach
thereof, in one or more instances shall be deemed a continuing waiver of any
such condition or breach, a waiver of any other condition, or the breach of any
other term or condition.

(g)              
Independent Legal and Tax Advice.  The Grantee has been
advised and Grantee hereby acknowledges that he has been advised to obtain
independent legal and tax advice regarding this grant of the Restricted Shares
and the disposition of such shares, including, without limitation, the election
available under Section 83(b) of the Internal Revenue Code.

(h)              
Governing Law and Severability.  This Agreement shall be
governed by the internal laws, and not the laws of conflict, of the State of Delaware.  The invalidity of any provision of this Agreement shall not affect any other
provision of this Agreement which shall remain in full force and effect.

(i)                 Successors and Assigns.  Subject to the limitations which
this Agreement imposes upon transferability of Restricted Shares, this
Agreement shall bind, be enforceable by and inure to the benefit of the Company
and its successors and assigns, and Grantee, and, upon his death, on his estate
and beneficiaries thereof (whether by will or the laws of descent and
distribution).

(j)                
Community Property.  Each spouse individually is bound by,
and such spouse's interest, if any, in any shares is subject to, the terms of
this Agreement. Nothing in this Agreement shall create a community property
interest where none otherwise exists.

(k)              
Entire Agreement.  This Agreement supersedes any and all
other prior understandings and agreements, either oral or in writing, between
the parties with respect to the subject matter hereof and constitute the sole
and only agreements between the parties with respect to the said subject
matter. All prior negotiations and agreements between the parties with respect
to the subject matter hereof are merged into this Agreement. Each party to this
Agreement acknowledges that no representations, inducements, promises, or
agreements, orally or otherwise, have been made by any party or by anyone
acting on behalf of any party, which are not embodied in this Agreement and
that any agreement, statement or promise that is not contained in this
Agreement shall not be valid or binding or of any force or effect.

(l)                
Compliance with Other Laws and Regulations.  This Agreement,
the grant of Restricted Shares and issuance of Common Stock shall be subject to
all applicable federal and state laws, rules, regulations and applicable rules
and regulations of any exchanges on which such securities are traded or listed,
and Company rules or policies.  Any determination in this connection by the
Committee shall be final, binding and conclusive on the parties hereto and on
any third parties, including any individual or entity.

(m)            
Tax Requirements.

(i)                  Tax Withholding.  This grant under this Agreement is subject to
and the Company shall have the power and the right to deduct or withhold, or
require the Grantee to remit to the Company, an amount sufficient to satisfy
federal, state, and local taxes, domestic or foreign, required by law or
regulation to be withheld with respect to any taxable event arising as a result
of the Plan and this Agreement.

(ii)               
Share Withholding.  With respect to tax withholding required upon
any taxable event arising as a result of this Agreement, Grantee may elect,
subject to the approval of the Committee in its discretion, to satisfy the
withholding requirement, in whole or in part, by having the Company withhold
shares of Stock having a Fair Market Value on the date the tax is to be
determined equal to the statutory total tax which could be imposed on the
transaction.  All such elections shall be made in writing, signed by the
Grantee, and shall be subject to any restrictions or limitations that the
Committee, in its discretion, deems appropriate.  Any fraction of a share of
Stock required to satisfy such obligation shall be disregarded and the amount
due shall instead be paid in cash by the Grantee.

(n)              
Grantee's Address.   

            Grantee's
address of record is:                          _________________________________

                                                                                    _________________________________

                                                                                    _________________________________

 

Grantee shall be responsible to notify the
Company of any changes to his address.

 

 

[Signature page follows]

 

IN WITNESS
WHEREOF, the parties have caused this Agreement to be executed on the date
first above written.

                                                                               COMPANY:

                                                                               SEITEL,
INC.

                                                                               

                                                                               By:                                                                                    

                                                                               Name:                                                                               

                                                                               Title:                                                                                  

 

 

                                                                               Address:     Seitel,
Inc.

                                                                                                  10811 S. Westview Circle Drive, 

                                                                                                  Suite 100, Bldg. C

                                                                                                  Houston, TX   77043

                                                                                                  Facsimile: 
(713) 881-2815

                                                                                                  Attention:
Secretary

 

 

                                                                               GRANTEE:

 

 

                                                                                                                                                            

                                                                               Signature

 

                                                                                                                                                            

                                                                               Printed
Name

 

APPENDIX A TO

RESTRICTED STOCK
AGREEMENT

 

Grantee's Name:       [Name]                                                

	
  Grant
  Date:

  	
  Number
  of

  Restricted
  Shares Granted

  
	
  __________________

  	
  __________________

  

 

Vesting Dates:

	
  Date

  	
  Number
  of

  Restricted
  Shares Granted

  
	
  __________________

  	
  33.3%

  
	
  __________________

  	
  33.3%

  
	
  __________________

  	
  33.4%

  

 

Note:  All vesting is subject to the terms and
conditions of the Agreement.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}]]