Document:

exv10w1

Exhibit 10.1

	 	 	 	 	 

	 

	 	 	 	 
	 

	 	CONTRACT A
	 	 
	Handelsbanken

	 	SUPPLEMENTARY OVERDRAFT FACILITY	 	 
	Branch

	 	For purposes other than          Facility no.	 	 
	Frölunda

	 	personal consumption	 	 

	 	 	 	 	 

	 

	 	Name
	 	Civic reg. no./Business org. no.
	Borrower

	 	MOBITEC AKTIEBOLAG
	 	556546-6793
	 
	 	 	 	 
	Normal over-

	 	Amount granted
	 	Contract date
	draft facility

	 	12,000,000.00
	 	2011-02-25
	 
	 	 	 	 
	Amount of
	 	SEK (in words)	 	 
	supplemen-
	 	SEVEN MILLION KRONOR	 	 
	tary facility
	 	SEK (in figures)	 	 
	 
	 	7,000,000.00	 	 

	 	 	 	 	 

	Overdraft 

period

	 	As from - to, inclusive (year, month, day)

2011-08-30 - 2011-10-31
	 	In accordance with section 8 of the “General Terms” for the facility,
the Bank can suspend utilisation of the facility during the overdraft
period and/or terminate the facility.

	 	 	 	 	 	 	 

	Interest

	 	Utilisation interest rate, currently %

The interest rate is subject to special terms relating
to money market accounts

STIBOR T/N + 4.2
	 	Contract interest rate

currently %

0.50
	 	The interest is payable as contract interest
on the full overdraft amount and as utilisation
interest on the borrower’s debt.
Contract interest is payable in advance at
the commencement of the facility period.
	 
	 	 
	 	 	Due dates for utilisation interest every (month, day)	 
	 	 	09 30, 12 31	 	 

	 	 	 

	The Bank’s
undertaking

	 	In addition to the above-mentioned normal overdraft facility, Svenska Handelsbanken AB (publ) allows
the borrower to utilise a supplementary overdraft facility up to the above-mentioned facility amount on
the terms and conditions set out in this contract.
	 
	 	 
	The
borrower’s
undertaking

	 	The Borrower shall comply with the terms and conditions of this contract, some of which are set out in the
“General terms” for the facility. On expiry of the agreed overdraft period, the borrower shall immediately
repay his/her debt pursuant to the contract. When the borrower’s right to utilise the normal overdraft facility
and/or supplementary facility has expired, the borrower must immediately return unused cheques and any
other instruments used for operation of the account.
	 
	 	 
	Signature

	 	I/We confirm that I/we have read all pages of the contract including the “General terms” for the facility.

	 	 	 	 	 

	 

	 	Date	 	Date
	 
	 

	 	2011-08-26
	 	2011-08-30
	 
	 	 	 	 
	 

	 	Borrower
	 	Svenska Handelsbanken AB (publ)
	 
	 	 	 	 
	 

	 	Mobitec AB	 	/s/ Patrik Niklasson
	 

	 	 
	 	 
	 

	 	/s/ Agne Axelsson
	 	/s/ Ewa Fredlund

Date            Initials

Documents in order

Page 1 of 1

 

Handelsbanken

GENERAL TERMS CONTRACT A — Supplementary credit for purposes other than personal consumption,
applying from 21 December 2009

	1.	 	General terms for accounts held with Handelsbanken
	 
	 	 	The borrower disposes of the account in accordance with the
terms applying to the account to which
the overdraft facility is linked. The Bank may withdraw funds from the account if the borrower has
ordered this or has approved that the account may be debited.
	 
	 	 	The Bank may also debit the account with amounts corresponding to interest, charges and costs which
are associated with the account. In addition, the Bank may debit the account with amounts
corresponding to charges, costs and outlays for orders effected on behalf of the borrower and for
payment of other due claims which the Bank has on the borrower.
	 
	 	 	When the Bank is entitled to debit the account as stated in the previous paragraph, this may also
be done as at a day which is a public holiday or equivalent day. It is the duty of the borrower to
ensure that a sufficiently large amount is available on the account when the debit occurs. If the
borrower dies during the contract period, the estate of the deceased may not increase the debt on
the account without the consent of the Bank.
	 
	2.	 	Interest
	 
	 	 	The borrower shall pay utilisation interest to the Bank at an annual rate computed on the overdraft
amount outstanding at any time, plus contract interest on the granted overdraft amount. The
utilisation interest is calculated at the interest rate and on the grounds which the Bank applies
to this type of facility from time to time. The interest rates applying when the facility was
provided are set out in the contract. If different interest rates are applied for utilisation
interest in different ranges of the overdraft amount, this is indicated on page one with the
interest rates applying when the contract was entered into.
	 
	 	 	In the event of an extension of the
facility, additional contract interest is payable for each period of extension, this being payable
in advance for the period concerned.
	 
	 	 	The borrower is liable for contract interest for the period
until the end of the overdraft period set out in the contract, without any obligation for the Bank
to make a refund if the contract should be terminated before then.
	 
	3.	 	Overdrafts
	 
	 	 	If the borrower’s debt to the Bank under this contract exceeds the amount granted, the
borrower shall upon demand pay the difference. In this case, the borrower shall also pay interest
on the overdrawn amount at the rate and on the grounds applied by the Bank at any time, as well as
an unauthorised overdraft fee as set out in section 5 below.
	 
	 	 	Unauthorised overdrafts also entitle the Bank to terminate the facility for repayment and/or
suspend utilisation of the facility in advance. In this case the provisions in section 8 will
apply.
	 
	4.	 	Penalty interest
	 
	 	 	If payment of principal, interest and/or charges is not effected when due, the borrower shall pay
special annual penalty interest on the overdue amount until payment
is made. On amounts not
overdue, the usual interest rate continues to apply.
	 
	 	 	Penalty interest is calculated at the
utilisation interest rate applying to the facility, plus five percentage points or, when the entire
facility is overdue, one percentage point.
	 
	5.	 	Charges and costs
	 
	 	 	The account is subject to charges according to the terms generally applied from time to time by the Bank. Particulars of cur-
rent charges are available at any of the Bank’s branches.
	 
	 	 	The borrower shall reimburse the Bank for the costs and work
associated with obtaining, maintaining and utilising the security
agreed upon, as well as with the lodging of proof and collection
of the Bank’s claim on the borrower or on any other party liable
for payment thereof. The Bank’s written payment reminders
shall thus also be reimbursed.
	 
	6.	 	Order of debt settlement
	 
	 	 	When payment is made, the Bank is entitled to deduct the charges, costs and interest due on the
facility before settling the principal amount.
	 
	7.	 	Facility period
	 
	 	 	The facility period for the supplementary overdraft facility is set out in the contract and will
not be extended. If the Bank does not grant an extension of the normal overdraft facility or if the
normal overdraft facility is terminated for payment in advance, the supplementary overdraft
facility shall be due for payment at the same time as the normal overdraft facility irrespective of
whether the agreed facility period for the supplementary overdraft facility is longer or the
supplementary overdraft facility has not been subject to separate notice of termination.
	 
	8.	 	The Bank’s right to terminate the facility and/or suspend utilisation of the facility
	 
	 	 	The Bank may terminate the facility for payment immediately or at any time determined by the Bank
and suspend utilisation of the overdraft facility, if any of the following circumstances
should apply:

	 	•	 	the borrower has failed to meet his obligations under this
contract or otherwise to the Bank,
	 
	 	•	 	the borrower has used the account improperly in a manner
set out under Section 3,
	 
	 	•	 	the collateral for the loan or for other obligations of the borrower towards the Bank is no longer satisfactory,
	 
	 	•	 	there is reasonable cause to assume that the borrower will
not meet his payment obligations to the Bank.

	 	 	If any of the circumstances set out above are present, the Bank is entitled, regardless of
whether termination has been made, to immediately suspend the right to utilise the facility
further.
	 
	 	 	If the Bank has terminated the facility in accordance with this section, the borrower
shall immediately return unused cheques and other instruments for operating the account.
	 
	9.	 	Closing bill and refund
	 
	 	 	When the agreed overdraft period has expired or when the facility is payable in advance pursuant to
section 3, 7 or 8, the Bank shall prepare a closing bill.
	 
	 	 	The borrower must immediately pay the debt according to the closing bill.
	 
	10.	 	Definition of a pledge, etc.
	 
	 	 	‘Pledge’ also refers to property that is included in a floating charge on
assets. The term ‘pledger’ also refers to an assignor of floating charge,
‘pledging’ also refers to assignment of the floating charge and
‘pledge deed’ also refers to deeds associated with a floating charge and pledge
claims.
	 
	11.	 	The Bank’s right to sell pledged financial instruments
	 
	 	 	If the security for the loan consists in full or in part of financial instruments and if the value
for borrowing purposes assigned by the Bank declines, implying that the security is no longer
satisfactory, the borrower must at the request of the Bank immediately provide additional security.
If such security is not provided, or if the Bank is unable to contact the borrower within a
reasonable period of time, the Bank has the right, but not the obligation, to sell the required
portion of the financial instruments. The proceeds shall be deposited to an interest-bearing
account and continue to constitute a pledge for the loan. That which is stated above does not
restrict the Bank’s right to terminate the facility for immediate payment in accordance
with section 8 and/or the right to immediately suspend utilisation of the facility in accordance
with section 8.
	 
	12.	 	Right of guarantor and pledger to prevent extension of overdraft period
	 
	 	 	A guarantor is not entitled to terminate his guarantee and a pledger may not revoke his mortgage.

Page 1 of 3 

 

Handelsbanken

	 	 	However, any guarantor or pledger may separately, not later than six weeks before the due date of
the facility, request in writing that the Bank shall not extend the facility. Such request may
imply that the guarantor becomes forced to pay by virtue of his guarantee, or that the Bank
utilises a pledge.
	 
	 	 	If the Bank within the period set out in the preceding paragraph has received a
request that the facility shall not be extended but nevertheless extends the facility, the
guarantee or pledge provided by the party making such request ceases to be valid. This does not
apply, however, if the Bank, due to the borrower’s negligence, before expiry of the
aforementioned time period, has commenced legal proceedings against the party who has opposed an
extension or has commenced negotiation with this party concerning the guarantee commitment or
pledge.
	 
	13.	 	Sequence of utilisation of security
	 
	 	 	If the borrower fails to meet his obligations under the contract, the Bank may determine the
sequence in which the securities (pledges, guarantees, etc.) shall be utilised.
	 
	14.	 	General right of pledge
	 
	 	 	Property pledged by the borrower in this contract shall also constitute security for any other
obligations towards the Bank for which the borrower is or may in the future be liable, in his
capacity as borrower, principal, account holder, guarantor or otherwise as customer of the Bank.
Such other obligation must have arisen before the borrower’s obligations under this
contract have been met. The Bank shall determine in which order the obligations
are to be settled out of the proceeds of the pledge. However, account must be taken of the right of
guarantors according to section 22.
	 
	 	 	Property thus pledged shall not, however, by reason of the pledge, constitute security for the
borrower’s obligations on account of bills of exchange which have been discounted, or
which may be discounted at the Bank by a third party, unless they concern the renewal of bills, or
have otherwise replaced bills originally discounted by the borrower. Neither shall the property
thus pledged secure any other claims on the borrower which the Bank has acquired or may acquire
from a third party.
	 
	15.	 	Yield on property pledged
	 
	 	 	Yield and all other rights based on the pledge are also covered by the pledging and constitute a
pledge. Thus, the pledging of shares, for example, includes the right of the Bank to participate in
bonus issues, new issues and other issues for which the shares qualify. As stated in section 16,
the Bank is, however, not liable for ensuring that such rights are safeguarded. Where this
nevertheless occurs, the Bank is accountable to the pledger.
	 
	16.	 	Safeguard by the Bank of the pledge
	 
	 	 	The Bank has a duty to take good care of the pledge. 

Where appropriate, the Bank shall renew
limitation periods and lodge proof of claim in case of summons of unknown creditors and also in
bankruptcies, where the pledger so requests after commencement of the bankruptcy. Where
announcement has been made regarding the cancellation of a pledged document, the Bank shall give
notice that it holds the document. However, the Bank is not obliged to take any of these measures
regarding certificates of claim consisting of coupons or which are intended for the open market,
such as bonds, or to which Swedish law does not apply.
	 
	 	 	The Bank is not obliged to maintain personal liability for payment in respect of mortgaged
instruments of debt.
	 
	 	 	The Bank’s safeguard of the pledge does not extend beyond what has
been stated above. Thus the Bank is not, for example,
as far as securities are concerned, obliged to collect dividends
and interest or observe the pledger’s rights in connection with
issues, exchanges of shares, conversions, distributions of net
assets, etc.
	 
	17.	 	How a pledge may be utilised by the Bank
	 
	 	 	The Bank may utilise a pledge as the Bank deems fit. In this respect, the Bank shall proceed with care and, where possible
and if in the opinion of the Bank it can be accomplished without
prejudice to the Bank, notify the pledger to this effect in advance.
	 
	 	 	When applying the above, a financial instrument can be sold in a different way than on a market
where the instrument is registered or is normally traded.
	 
	 	 	If the pledge consists of funds deposited in an account with the Bank, the Bank may immediately
debit the account in reimbursement of the amount due, without informing the pledger in advance.
	 
	 	 	Should the pledge consist of an instrument of debt for which the pledger is liable personally or
with certain property, the instrument is, with respect to the pledger, due for payment on demand,
regardless of the due date stipulated in the instrument.
	 
	18.	 	The Bank’s right to sign on behalf of the pledger
	 
	 	 	Through his pledging, the pledger authorises the Bank, or anyone appointed by the Bank, to sign on
behalf of the pledger, where this is necessary in order to safeguard the Bank’s right of
pledge. This authorisation may not be revoked as long as the pledging is in force.
	 
	19.	 	Release of pledge
	 
	 	 	The Bank may release pledges without being bound to observe any right to the pledge which may
accrue to a guarantor who has made payment to a party other than the Bank by virtue of his
guarantee.
	 
	20.	 	Transfer of unpledged deeds of mortgage
	 
	 	 	When the Bank no longer holds the pledge and has not been informed of a new pledge-holder or
received a request that a written deed of mortgage shall be issued, the Bank is entitled to
transfer an electronic deed of mortgage to the National Land Survey’s register of
mortgages for which no other mortgage-holder is registered, known as the Public Archive.
	 
	21.	 	Payment by the guarantor
	 
	 	 	If a guarantor makes payment to the Bank on account of his guarantee, he shall specifically notify
the Bank that he is paying in his capacity as guarantor and request that this fact be noted by the
Bank.
	 
	22.	 	Guarantor’s right to pledges
	 
	 	 	If a guarantee has been signed on this contract, the following shall apply with regard to the
guarantor’s right to pledges in this contract by the borrower alone or jointly with
another:
	 
	 	 	The pledge shall constitute security for the guarantor’s claim for recourse
against the borrower to the extent that it is not utilised by the Bank for the borrower’s
obligations under this contract. When the pledge constitutes security for the right of recourse of
several guarantors, they shall have rights to the pledge in proportion to the right of recourse of
each of them, unless they agree otherwise.
	 
	 	 	In relation to the Bank, a guarantor is not entitled to any other property which has been pledged
to the Bank by the borrower or another party.
	 
	 	 	The Bank may release yield from the pledge which is not required for payment of amounts due under
this contract, without thereby reducing the liability of any guarantor.
	 
	23.	 	How the pledge may be utilised for a guarantor’s right of recourse
	 
	 	 	Where a guarantor has made payment to the Bank by virtue of his guarantee, he may exercise his
right to a pledge under section 22 only when the Bank has received payment in full for its claim
under this contract. If the guarantor wishes to exercise this right, the Bank is entitled to choose
between releasing the pledge to the guarantor or utilising the pledge on behalf of the guarantor.
Section 17 shall apply in this connection.
	 
	24.	 	Property pledged by a party other than the borrower
	 
	 	 	Property pledged on this contract by a party other than the borrower shall constitute security only for the borrower’s obligations
under this contract, unless otherwise agreed.
	 
	 	 	Without any reduction of the Bank’s right to property which a party other than the
borrower has pledged on this contract, the Bank is entitled to release property pledged by the
borrower or any other party, which has not been pledged on this contract, as well as the yield on
such property. The Bank is also entitled to release the yield on property pledged on this contract
by the

Page 2 of 3 

 

Handelsbanken

	 	 	borrower or any other party, if the yield is due for payment but is not required to cover interest
or costs due under the contract.
	 
	25.	 	Cancellation of the contract
	 
	 	 	The contract will be cancelled one month after the overdraft has been repaid in full, unless the
borrower has asked in advance for it to be returned.
	 
	26.	 	Insurance
	 
	 	 	Property which constitutes security for the Bank’s claim shall be satisfactorily insured.
	 
	 	 	If the borrower fails to show proof that insurance as prescribed above is in force, the Bank shall
be entitled to arrange for such insurance at the borrower’s expense.
	 
	27.	 	Processing of personal data
	 
	 	 	Personal data submitted in connection with a credit application or otherwise registered in
connection
with processing or administration of this credit will be subject to such processing in computer
systems at the Bank as required by the credit agreement. This includes information about contacts
between the borrower and the Bank.
	 
	 	 	This promissory note contains special information on the processing of data for credit references.
	 
	 	 	The personal data is also used for marketing and customer research, business and methods
development and risk management in the Handelsbanken Group. Risk management also involves
processing information on the borrower and loans to assess the quality of loans for purposes of
capital adequacy.
	 
	 	 	The personal data is also used for marketing purposes, unless the borrower has
requested a block on direct advertising from the Bank. The processing of personal data can — within
the framework of current bank confidentiality regulations — take place with other Group companies
and other companies with whom the Bank collaborates in its operations.
	 
	 	 	If the borrower requires
information about the personal data about him/her which is being processed by the Bank, the
borrower can request this in writing from his/her branch of the Bank. Requests to correct
incomplete or incorrect personal data can be made at the Bank branch or sent to Handelsbanken,
Central auditing department, SE-106 70 Stockholm, Sweden.
	 
	 	 	The above statements regarding borrowers
also apply to guarantors, if any, or pledgers other than the borrower.
	 
	28.	 	Notices, etc.
	 
	 	 	The borrower, guarantors and pledgers shall notify the Bank of any changes of address, telephone
number or fax number.
	 
	 	 	Registered letters regarding the overdraft facility which the Bank has
forwarded to any of the parties mentioned above shall be deemed to have reached the addressee not
later than on the seventh day after despatch if the letter has been sent to the address which is
known to the Bank.
	 
	 	 	Notices sent by fax shall be deemed to have reached the addressee no later than the next business
day if the fax message was sent to a number which the addressee has submitted to the Bank. A
business day is a day other than a Sunday, public holiday, Saturday, Midsummer’s Eve,
Christmas Eve or New Year’s Eve.
	 
	 	 	These provisions do not apply to notices renewing periods of limitation.
	 
	29.	 	Limitation of the Bank’s liability
	 
	 	 	The Bank shall not be held responsible for any loss or damage resulting from a legal enactment
(Swedish or foreign), the intervention of a public authority (Swedish or foreign), an act of war, a
strike, a blockade, a boycott, a lockout or any other similar circumstance. The reservation in
respect of strikes, blockades, boycotts and lockouts applies even if the Bank itself is subjected
to such measures or takes such measures.
	 
	 	 	Any damage which occurs in other circumstances shall not
be compensated by the Bank, provided the Bank has exercised normal standards of care. The Bank
shall in no case be liable for indirect damage.
	 
	 	 	Where a circumstance as referred to in the first paragraph should prevent the Bank from making a
payment or taking other measures, such payment or measures may be postponed until the obstacle no
longer exists. In the event of a postponement of payment the Bank shall, if it is committed to pay
interest, pay such interest at the interest rate prevailing on the due date for the postponed
payment. Where the Bank is not committed to pay interest, the Bank shall not be obliged to pay
interest at a higher rate than the prevailing reference rate of Sveriges Riks-bank pursuant to the
Section 9 of the Interest Act (1975:635), plus two percentage points. Where a circumstance as
referred to in the first paragraph should prevent the Bank from receiving payments, the Bank shall,
as long as the obstacle exists, be entitled to interest only on the terms prevailing on the due
date of the payment.

Page 3 of 3Exhibit_4-1

FOURTH WARRANT CONFIRMATION AMENDMENT AGREEMENT

THIS FOURTH WARRANT CONFIRMATION AMENDMENT AGREEMENT (this “Agreement”) dated as of August 30, 2011 is between Core Laboratories N.V. (“Issuer”) and Citibank, N.A. (“Dealer”).  Unless otherwise defined herein, each capitalized term used herein shall have the meaning assigned to such term in the Confirmation referred to below.

RECITALS

WHEREAS, Issuer and Dealer (by way of an assignment from Lehman Brothers OTC Derivatives Inc. (“Lehman”) dated March 10, 2009) are parties to a confirmation dated October 31, 2006 (as amended by that certain letter agreement dated as of November 15, 2006 between Lehman, as represented by its agent Lehman Brothers Inc. as its agent, and Issuer, the First Warrant Amendment (as defined below), the Second Warrant Amendment (as defined below) and the Third Warrant Amendment (as defined below), the “Confirmation”), relating to Warrants on shares of common stock (par value EUR 0.04) of Issuer issued by Issuer to Dealer;

WHEREAS, Issuer has declared and paid dividends and also had a two-for-one stock split that reduced the par value of the common stock to EUR 0.02 since the date of the Confirmation that collectively have resulted in an adjustment to the number of outstanding and Daily Warrants and the Strike Price; 

WHEREAS, Issuer and Dealer entered into a Warrant Confirmation Amendment Agreement dated as of May 4, 2011 to accelerate the expiration of part of the Transaction consisting of 1,648,040 Warrants in the aggregate (the “First Warrant Amendment”);

WHEREAS, Issuer and Dealer entered into a Second Warrant Confirmation Amendment Agreement dated as of June 6, 2011 to accelerate the expiration of part of the Transaction consisting of an additional 1,648,040 Warrants in the aggregate (the “Second Warrant Amendment”);

WHEREAS, Issuer and Dealer entered into a Third Warrant Confirmation Amendment Agreement dated as of August 2, 2011 to accelerate the expiration of part of the Transaction consisting of an additional 1,651,660 Warrants in the aggregate (the “Third Warrant Amendment”);

WHEREAS, as of the date of this Agreement, the current aggregate number of outstanding Warrants is 1,651,651 Warrants, the Daily Number of Warrants is 82,583 per day for the first nineteen (19) days of this Agreement and 82,574 for the twentieth (20th) day of this Agreement and the current Strike Price is $61.1355;

WHEREAS, Issuer and Dealer have agreed to amend the Confirmation and accelerate the expiration of part of the Transaction evidenced thereby, subject to the terms and conditions of this Agreement; 

NOW, THEREFORE, in consideration of the premises set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.Amendments to Confirmation.  

(a)    The following terms set forth in the Confirmation are hereby amended as follows:
		
	Number of Warrants:
	1,651,651 (it being understood that such number represents the original Number of Warrants, as adjusted to the date of the Fourth Warrant Confirmation Amendment Agreement dated as of August 30, 2011 between Issuer and Dealer (the “Fourth Warrant Amendment”), as reduced by the number of Warrants that have been exercised or expired prior to the 

1

date of the Fourth Warrant Amendment as a result of the Warrant Confirmation Amendment Agreement dated as of May 4, 2011, the Second Warrant Amendment dated as of June 6, 2011 and the Third Warrant Amendment dated as of August 2, 2011 between Issuer and Dealer.
		
	Remaining Daily Number of Warrants:  
	82,583 per day for the first nineteen (19) days of this Agreement and 82,574 for the twentieth (20th) day of this Agreement.

		
	Strike Price:
	For Warrants with Expiration Dates that fall in the period beginning on and including the First Expiration Date and ending on and including the Final Expiration Date, the Strike Price shall be $61.1355; for Warrants with Expiration Dates that fall in the period beginning on and including the Fourth Starting Accelerated Expiration Date and ending on and including the Fourth Final Accelerated Expiration Date, the Strike Price for all Warrants with each such particular Expiration Date will be determined by reference to the table set forth in Annex A, using as the input the VWAP Price on such Expiration Date (using linear interpolation or extrapolation if the particular VWAP Price on such Expiration Date does not appear in such table).

		
	Expiration Date(s):
	Each Scheduled Trading Day in the period beginning on and including the First Expiration Date and ending on and including the Final Expiration Date shall be an “Expiration Date” for a number of Warrants equal to the Remaining Daily Number of Warrants on such date, and each Scheduled Trading Day in the period beginning on and including the Fourth Starting Accelerated Expiration Date and ending on and including the Fourth Final Accelerated Expiration Date (such period, the “Fourth Accelerated Expiration Period”) shall be an “Expiration Date” for a number of Warrants equal to the Fourth Accelerated Daily Number of Warrants on such date.

Notwithstanding the foregoing and anything to the contrary in the Equity Definitions, if a Market Disruption Event occurs on any Expiration Date that falls in the period beginning on and including the First Expiration Date and ending on and including the Final Expiration Date, the Calculation Agent shall (i) make adjustments, if applicable, to the Remaining Daily Number of Warrants for which such day shall be an Expiration Date and (ii) designate the Scheduled Trading Day immediately following such day (which may be an Expiration Date for another Remaining Daily Number of Warrants) as the Expiration Date for the Remaining Daily Number of Warrants or a portion thereof for the original Expiration Date; provided that any such designation shall be subject to legal, regulatory or self-regulatory requirements and related policies and procedures applicable to Dealer (whether or not such requirements, policies or procedures are imposed by law or have been voluntarily adopted by Dealer); provided further that if such 

2

Expiration Date has not occurred pursuant to immediately preceding clause (ii) as of the third Scheduled Trading Day following the Final Expiration Date under this Transaction, the Calculation Agent shall have the right to declare such Scheduled Trading Day to be the final Expiration Date and the Calculation Agent shall determine its good faith estimate of the fair market value for the Shares as of the Valuation Time on that third Scheduled Trading Day or on any subsequent Scheduled Trading Day, as the Calculation Agent shall determine using commercially reasonable means.
Notwithstanding the foregoing and anything to the contrary in the Equity Definitions, if a Market Disruption Event occurs on any Expiration Date that falls in the period beginning on and including the Fourth Starting Accelerated Expiration Date and ending on and including the Fourth Final Accelerated Expiration Date, the Calculation Agent shall (i) make adjustments, if applicable, to the Fourth Accelerated Daily Number of Warrants for which such day shall be an Expiration Date and (ii) designate the Scheduled Trading Day immediately following such day (which may be an Expiration Date for another Fourth Accelerated Daily Number of Warrants) as the Expiration Date for the remaining Fourth Accelerated Daily Number of Warrants or a portion thereof for the original Expiration Date; provided that any such designation shall be subject to legal, regulatory or self-regulatory requirements and related policies and procedures applicable to Dealer (whether or not such requirements, policies or procedures are imposed by law or have been voluntarily adopted by Dealer); provided further that if such Expiration Date has not occurred pursuant to immediately preceding clause (ii) as of the third Scheduled Trading Day following the Fourth Final Accelerated Expiration Date under this Transaction, the Calculation Agent shall have the right to declare such Scheduled Trading Day to be the final Expiration Date for Warrants scheduled to expire during the Fourth Accelerated Expiration Period and the Calculation Agent shall determine its good faith estimate of the fair market value for the Shares as of the Valuation Time on that third Scheduled Trading Day or on any subsequent Scheduled Trading Day, as the Calculation Agent shall determine using commercially reasonable means.

(b)    The Confirmation is hereby amended by inserting new sections in Part 2 of the Confirmation as follows:
		
	Fourth Starting Expiration Date:
	The Scheduled Trading Day that is 20 Scheduled Trading Days prior to the Fourth Final Accelerated Expiration Date.

Fourth Final Accelerated Expiration Date: September 27, 2011
Fourth Accelerated Daily Number of Warrants: 82,583 per day for the first nineteen (19) days of this Agreement and 82,574 for the twentieth (20th) day of this 

3

Agreement. 

		
	Settlement Method Election:
	Applicable; provided that (i) references to “Physical Settlement” in Section 7.1 of the Equity Definitions shall be replaced by references to “Net Share Settlement”; (ii) any election by Issuer of Cash Settlement shall be deemed to be a representation and warranty to Dealer on the date of such election that (A) the representations and warranties set forth in Section 2(b)(1) and 2(b)(2) of the Fourth Warrant Amendment are true and correct as of the date of such election and (B) Issuer is electing Cash Settlement in good faith and not as part of a plan or scheme to evade compliance with the federal securities laws; and (iii) each election of settlement method shall apply to all Warrants scheduled to expire on a specific Expiration Date.

		
	Electing Party:
	Issuer

		
	Settlement Method Election Date:
	With respect to the Warrants scheduled to expire on a specific Expiration Date, by 9:15 a.m., New York City time, on that Expiration Date and communicated to Dealer by e-mail by that time (and notwithstanding the terms of Section 7.1 of the Equity Definitions, Electing Party shall not be required to provide written confirmation confirming the substance of any e-mail notice).

		
	Default Settlement Method:
	Cash Settlement.

2.Representations.  

(a)On the date of this Agreement, each party represents to the other party that (i) it is duly organized and  validly existing under the laws of the jurisdiction of its organization or incorporation; (ii) it has the power to execute this Agreement, to deliver this Agreement and to perform its obligations under this Agreement and has taken all necessary action to authorize such execution delivery and performance; and (iii) its obligations under this Agreement constitute its legal, valid and binding obligations, enforceable in accordance with their terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)).

(b)On the date of this Agreement, Issuer represents to Dealer as follows:  

(1)    (A) none of Issuer and its officers and directors is aware of any material nonpublic information regarding Issuer or the Shares and (B) all reports and other documents filed by Issuer with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934 (the “Exchange Act”) when considered as a whole (with the more recent such reports and documents deemed to amend inconsistent statements contained in any earlier such reports and documents), do not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading.
                
(2)    (A) the assets of Issuer at their fair valuation exceed the liabilities of Issuer, including contingent liabilities, (B) the capital of Issuer is adequate to conduct the business of Issuer and (C) Issuer has the ability to pay its debts and obligations as such debts mature and does 

4

not intend to, or does not believe that it will, incur debt beyond its ability to pay as such debts mature.
                
(3)    Issuer is receiving no additional payment for the issuance and delivery of Shares to Dealer.

(4)    Issuer is not compensating any financial advisor in connection with this Agreement.

(c)      On the date of this Agreement, Dealer represents to Issuer as follows:
            
(1)    Dealer is the beneficial owner of the Warrants, free and clear of any lien and any other limitation or restriction, other than limitations and restrictions set forth in the Confirmation as imposed by applicable securities laws, and has been for a period of at least one (1) year prior to the date of this Agreement.

(2)     Dealer is not, and has not been during the preceding three months, an “affiliate” of Issuer as that term is defined in Rule 144(a)(1) promulgated under the Securities Act of 1933.

(3)    Dealer is making no additional payment for the delivery of Shares by Issuer in connection with a Net Share Settlement of the Warrants. 

3.Acknowledgement of Dealer.  Dealer acknowledges that Issuer is the issuer of the Shares.  Dealer also understands and acknowledges that, for this and other reasons, Issuer has access to (and may be or is in possession of) information about Issuer and the Shares (which may include material, non-public information) that may be or is material and superior to the information available to Dealer, that Dealer does not have such access to such information, and that Issuer is not sharing any such information with Dealer.  Dealer acknowledges that it is entering into this Agreement without any reliance on Issuer or any of Issuer's representatives (except that Dealer is relying on Issuer's representations, warranties and agreements set forth in the Confirmation and in this Agreement), that this Agreement has not been solicited by Issuer and has been entered into at Dealer's initiative based on Dealer's current investment or trading strategies.  Dealer represents to Issuer that Dealer, together with Dealer's professional advisers, is a sophisticated investor with respect to the Shares and Issuer, and is capable of evaluating the risks associated with the Transaction under the Confirmation as amended by this Agreement, including the risk of transacting on the basis of inferior information, and that Dealer is capable of sustaining any loss resulting therefrom without material injury. 
Dealer also specifically acknowledges that Issuer would not enter into this Agreement in the absence of Dealer's representations and acknowledgments set out in this Agreement, and that this Agreement, including such representations and acknowledgments, are a fundamental inducement to Issuer, and a substantial portion of the consideration provided by Dealer, in this transaction, and that Issuer would not enter into this transaction but for this inducement.  
        
4.Effectiveness.  This Agreement shall become effective when each party hereto shall have received a counterpart hereof signed by the other party hereto.  Upon the effectiveness of this Agreement, (a) all references to the Confirmation will be deemed to be the Confirmation, as amended by this Agreement, and (b) all references in the Confirmation to the “Transaction” will be deemed to be to the Transaction as amended by this Agreement.

5.Amendments.  No amendment, modification or waiver in respect of this Agreement will be effective unless in writing and executed by each of the parties hereto.

6.No Additional Amendments or Waivers.  Except as amended hereby, all the terms of the Transaction and provisions in the Confirmation shall remain and continue in full force and effect and are hereby confirmed in all respects.

5

7.Counterparts.  This Agreement may be signed in any number of counterparts (including by PDF, facsimile or email transmission), each of which shall be an original, with the same effect as if all of the signatures hereto were upon the same instrument.

8.(a)    Waiver of Trial by Jury.  EACH OF ISSUER AND DEALER HEREBY IRREVOCABLY WAIVES (ON ITS OWN BEHALF AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF OF ITS STOCKHOLDERS) ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF DEALER OR ITS AFFILIATES IN THE NEGOTIATION, PERFORMANCE OR ENFORCEMENT HEREOF.
(b)    Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.  THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE UNITED STATES COURT FOR THE SOUTHERN DISTRICT OF NEW YORK IN CONNECTION WITH ALL MATTERS RELATING HERETO AND WAIVE ANY OBJECTION TO THE LAYING OF VENUE IN, AND ANY CLAIM OF INCONVENIENT FORUM WITH RESPECT TO, THESE COURTS.
[Signature page follows.]

6

The parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

CITIBANK, N.A.

	
		
	By:
	/s/ James Heathcote

	Name:
	James Heathcote

	Title:
	Authorized Rpresentative

	 
	 

CORE LABORATORIES N.V.
 By:    Core Laboratories International 
B.V., its Sole Managing Director

	
		
	By:
	/s/ Jacobus Schouten

	Name:
	Jacobus Schouten

	Title:
	Manging Director of Core Laboratories International B.V.

	 
	 

7

Annex A

	
		
	CLB VWAP
	New Strike

	100.0000
	59.7990

	100.5000
	59.8308

	101.0000
	59.8626

	101.5000
	59.8944

	102.0000
	59.9262

	102.5000
	59.9552

	103.0000
	59.9820

	103.5000
	60.0088

	104.0000
	60.0355

	104.5000
	60.0623

	105.0000
	60.0890

	105.5000
	60.1158

	106.0000
	60.1388

	106.5000
	60.1611

	107.0000
	60.1835

	107.5000
	60.2058

	108.0000
	60.2282

	108.5000
	60.2506

	109.0000
	60.2729

	109.5000
	60.2917

	110.0000
	60.3103

	110.5000
	60.3289

	111.0000
	60.3474

	111.5000
	60.3660

	112.0000
	60.3845

	112.5000
	60.4031

	113.0000
	60.4191

	113.5000
	60.4344

	114.0000
	60.4497

	114.5000
	60.4650

	115.0000
	60.4803

	115.5000
	60.4956

	116.0000
	60.5109

	116.5000
	60.5251

	117.0000
	60.5376

	117.5000
	60.5502

	118.0000
	60.5627

	118.5000
	60.5753

	119.0000
	60.5878

	119.5000
	60.6003

	120.0000
	60.6129

	120.5000
	60.6235

	121.0000
	60.6337

	121.5000
	60.6439

	122.0000
	60.6542

	122.5000
	60.6644

	123.0000
	60.6746

	123.5000
	60.6848

	124.0000
	60.6950

	124.5000
	60.7033

1

	
		
	125.0000
	60.7116

	125.5000
	60.7198

	126.0000
	60.7281

	126.5000
	60.7363

	127.0000
	60.7446

	127.5000
	60.7528

	128.0000
	60.7611

	128.5000
	60.7680

	129.0000
	60.7746

	129.5000
	60.7812

	130.0000
	60.7878

	130.5000
	60.7945

	131.0000
	60.8011

	131.5000
	60.8077

	132.0000
	60.8143

	132.5000
	60.8204

	133.0000
	60.8256

	 
	 

	 
	 

2

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