Document:

Employment Agreement - Brian J. Recatto

 Exhibit 10.1 
 BRIAN J. RECATTO 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (“Agreement”) is made effective as of December 1, 2008, between OMNI Energy Services Corp., a Louisiana
corporation (“OMNI”) and Brian J. Recatto, a resident of Lafayette, Louisiana (“Employee”). In order to protect the goodwill of OMNI and in consideration of the premises and the mutual covenants contained herein, the parties
hereby agree as follows: 
 1.    Employment.    OMNI hereby agrees to employ Employee and
Employee hereby agrees to work for OMNI as President and Chief Executive Officer or such other salaried, executive position as OMNI and Employee shall mutually agree upon. So long as Employee is employed by OMNI, Employee shall devote
Employee’s skill, energy and substantially all of his business-related efforts to the faithful discharge of Employee’s duties as a salaried, exempt employee of OMNI. In providing services hereunder, Employee shall comply with and follow
all directives, policies, standards and regulations from time to time established by the Board of Directors of OMNI. 
 2.    Term of Employment.    Employee’s employment by OMNI pursuant to this Agreement shall continue in effect until June 30, 2012 (the “Initial Period”), which shall be
automatically extended for additional, successive one year periods (the “Additional Periods”) commencing on July 1, 2012 unless either party gives notice of non-renewal as provided for in Section 6(d) or otherwise terminates this
Agreement in accordance with the other provisions of Section 6. 
 3.    Representations and
Warranties.    Employee represents and warrants that Employee is under no contractual or other restrictions or obligations that will limit Employee’s activities on behalf of OMNI or will prohibit or limit the disclosure
or use by Employee of any information which directly or indirectly relates to the business of OMNI or the services to be rendered by Employee under this Agreement. OMNI acknowledges and consents to Employee’s ownership in CHI Labor, L.L.C.
Nothing in this Agreement shall be construed to prohibit Employee’s ownership or operation of CHI Labor, L.L.C. during the term of this Agreement or while the obligations set forth in Sections 7, 8, 9, and 10 are in effect. 
 4.    Compensation.    Subject to the provisions of Section 6, Employee will be entitled to the
compensation and benefits set forth in this Section 4. 
 (a)    During the Initial Period, OMNI
shall pay Employee an Annual Base Salary, payable bi-weekly, in equal bi-weekly installments at a rate equal to $300,000.00 per year. In each Additional Period, OMNI shall pay to Employee an Annual Base Salary (not less than $300,000.00 per year)
determined by the OMNI Board of Directors following its annual salary and performance review. Employee’s Annual Base Salary will be reviewed annually in the second quarter of each fiscal year of Employee’s employment hereunder, commencing
in the second quarter of fiscal year 2009. 

 (b)    Employee shall be eligible to receive an annual bonus through OMNI’s Senior Executive Bonus Plan. In 2008, Employee will be eligible to earn up to 125% of annual salary through achievement of targets to be
determined upon board approval of the 2008 OMNI Business Plan. In lieu of cash, bonus payments may be in the form of Restricted OMNI Common Stock if mutually agreeable by both parties. Bonus goals for subsequent years will be developed by the Board,
and presented to Employee before April 1st of each bonus year. If a bonus is awarded by the Board, it will be paid following the closing of the
books and records of OMNI for the calendar year, but not later than April 1 of the following calendar year. 
 (c)    All payments of salary and other compensation to Employee shall be made after deduction of any taxes required to be withheld with respect thereto under applicable federal and state laws. 
 5.    Fringe Benefits; Expenses. 
 (a)    During his Term of Employment, Employee shall be entitled to participate in all employee benefit plans sponsored by OMNI and made available for salaried, exempt employees, including sick
leave and disability leave, health insurance and 401(k) plans. In addition, Employee shall be eligible to participate in OMNI’s Long Term Incentive Compensation Plan. 
 (b)    OMNI will reimburse Employee for all reasonable business expenses incurred by Employee in the scope of
Employee’s employment; provided, however, that Employee must file expense reports with respect to such expenses and otherwise comply with OMNI’s policies. 
 (c)    Employee shall be entitled to four (4) weeks paid vacation during each calendar year (prorated for any
partial year) and to paid holidays and other paid leave set forth in and in accordance with OMNI’s policies in effect for other salaried, exempt employees. Any vacation not used during a calendar year may not be used during any subsequent
period. Employee shall be compensated for any unused vacation upon termination of this Agreement for any reason. 
 (d)    Employee will be entitled to an automobile allowance of $950 per month or provided with a Company vehicle, mutually agreeable to both parties, during his employment with the Company. 
 (e)    Employee shall be eligible to participate in a Long Term Incentive Program as separately agreed to between the
parties. 
 (f)    Employer will obtain a Key Man Insurance Policy, and Employee shall cooperate in the
obtaining of said policy. 
 6.    Termination or Non-Renewal of Employment. 
 (a)    Termination by OMNI Without Cause.    OMNI may terminate Employee’s employment
at any time during the term of this Agreement Without Cause by delivery of thirty 

  

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(30) days prior written notice to Employee. After such termination of employment, if Employee is not in breach of his obligations under this Agreement, OMNI
shall pay: (i) the Annual Base Salary then in effect in semi-monthly payments and in accordance with OMNI’s normal payroll practices for the remainder of the Initial Period or twelve months, whichever is greater, and (ii) vacation pay
earned but not taken to the date of such termination. If an annual bonus is awarded pursuant to Section 4(b) hereof, it shall be prorated through the date of termination and paid in accordance with Section 4(b). Upon termination of
Employee’s employment, Employee shall be deemed to have resigned from all offices, directorships, and committee positions then held with OMNI or any Affiliate. Upon termination of Employee’s employment, all options granted hereunder shall
vest immediately. 
 (b)    Termination by Employee.    Employee may terminate
his employment at any time during the term of this Agreement, and by delivery of thirty (30) days prior written notice by Employee to OMNI. Promptly after such termination of employment, OMNI shall pay to Employee an amount equal to the sum of:
(i) Employee’s earned but unpaid Annual Base Salary through the date of termination of employment at the rate in effect at the time of termination and (ii) pay for vacation earned but not used through the date of termination. If an
annual bonus is awarded pursuant to Section 4(b) hereof, it shall be prorated through the date of termination and paid in accordance with Section 4(b). Upon termination of Employee’s employment, Employee shall be deemed to have
resigned from all offices, directorships, and committee positions then held with OMNI or any Affiliate. 
 (c)    Termination for Cause.    If OMNI terminates Employee’s employment for Cause (by delivering written notice of termination setting forth the event or events constituting Cause and
the effective date of such termination) the payments due to Employee shall be limited to the amounts described in Section 6(b)(i) and (ii). Upon termination of Employee’s employment, Employee shall be deemed to have resigned from all
offices, directorships, and committee positions then held with OMNI or any affiliate. 
 (d)    Non-Renewal of Employment.    Either OMNI or Employee may elect not to renew Employee’s employment hereunder at the end of the Initial Period, or at the end of any Additional Period
thereafter, by delivery of sixty (60) calendar days prior written notice. At the expiration of the employment term, OMNI shall pay to Employee an amount equal to the sum of: (i) Employee’s earned but unpaid Annual Base Salary through
the date of termination of employment at the rate then in effect, and (ii) pay for vacation earned but not used through the date of termination. If an annual bonus is awarded pursuant to Section 4(b) hereof, it shall be prorated through
the date of termination and paid in accordance with Section 4(b). Upon termination of Employee’s employment hereunder, Employee shall be deemed to have resigned from all offices, directorships, and committee positions then held with OMNI
or any affiliate. 
 (e)    Waiver of Claims.    In the event this Agreement is
terminated by OMNI without Cause, Employee agrees to accept, in full settlement of any and all claims, losses, damages and other demands that Employee may have arising out of such termination or non-renewal, as liquidated damages and not as a
penalty, the payments and benefits set forth in this Agreement. Employee hereby waives any and all rights Employee may have to bring any cause of action or proceeding contesting any such termination or non-renewal, provided, however, that such
waiver shall not be deemed to affect Employee’s rights to enforce any other obligations of 

  

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OMNI unrelated to employment. Under no circumstances shall Employee be entitled to any compensation or confirmation of any benefits under this Agreement for
any period of time following Employee’s date of termination if Employee’s termination is for Cause. 
 (f)    Death.    If Employee dies
during his employment by OMNI under this Agreement, (i) the Employee’s employment will terminate on the date of his death, (ii) OMNI will pay to Employee’s estate the remainder of Employee’s Annual Base Salary at the rate
then in effect and any accrued incentive bonus through the end of the twelfth (12th) calendar month following the month in which such death
occurred, and (iii) Employee’s estate shall be entitled to all rights and benefits that Employee may have under the terms of OMNI’s Employee Benefit Plans. 
 7.    Covenant Not to Compete. 
 (a)    During
Employee’s employment with OMNI or any of its Affiliates and thereafter during the Covenant Period (as defined in Exhibit “A” attached hereto), Employee will not engage in or carry on, directly or indirectly, either in Employee’s
individual capacity or as a member of a partnership or as a shareholder, investor, owner, officer or director of a company or other entity, or as an employee, agent, associate or consultant of any person, partnership, corporation or other entity in
Texas, Louisiana, Mississippi or any parish or county thereof (including but not limited to the Parishes and Counties listed on Exhibit “B”) or the offshore waters within one-hundred (100) miles of the coast of any such state that
directly competes with OMNI’s Restricted Business (as defined in Exhibit “A” attached hereto), including any services or products produced, sold, provided, conducted or developed, by the Restricted Business on the date of termination
of Employee’s employment. Employee shall not be deemed to be in violation of this Section 7(a) based solely on the ownership of less than five (5%) percent of any class of securities registered under the Securities Exchange Act of
1934, as amended. 
 (b)    Employee acknowledges that the limitations set forth in this Section 7
are reasonable and necessary for the protection of OMNI and its Affiliates. In this regard, Employee specifically agrees that the limitations as to period of time and geographic area, as well as all other restrictions on Employee’s activities
specified herein, are reasonable and necessary for the protection of OMNI and its Affiliates. Employee further acknowledges that the parties anticipate that Employee will be actively seeking markets for the products and services of OMNI and its
Affiliates throughout the United States during Employee’s employment with OMNI. 
 (c)    In the
event that there shall be any violation of the covenants set forth in this Section 7, then the time limitation thereof shall be automatically extended for a period of time equal to the period of time during which such violation continues; and
in the event OMNI is required to seek relief from such violation in any court, board of arbitration or other tribunal, then the covenant shall be extended for a period of time equal to the pendency of such proceedings, including all appeals.

 (d)    Employee agrees that the remedy at law for any breach by Employee of this Section 7 will be
inadequate and that OMNI shall also be entitled to injunctive relief. 
  

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 8.    Non-solicitation.    During Employee’s
employment with OMNI or any of its Affiliates and thereafter during the Covenant Period, whether on his own behalf or on behalf of any other Person, Employee will not (A) solicit, employ, or otherwise engage as an employee, independent
contractor, or otherwise, any Person who is an employee of OMNI or any of its Affiliates or in any manner induce or attempt to induce any employee of OMNI and any such Affiliate to terminate his employment with OMNI or such Affiliate or
(B) interfere with OMNI’s or any of its Affiliate’s relationship with any Person, including any Person who at any time during the Employee’s employment with OMNI was an employee, contractor, supplier, or customer of OMNI or any
such Affiliate. 
 9.    Confidential Information; Business Opportunity.    During the term of
Employee’s employment hereunder, and for three (3) years after Employee’s termination of employment, Employee shall not use or disclose, without the prior written consent of OMNI, Confidential Information (as defined in Exhibit
“A” attached hereto) relating to OMNI or any of its Affiliates, and upon termination of Employee’s employment will return to OMNI all written materials in Employee’s possession embodying such Confidential Information. Employee
will promptly disclose to OMNI all Confidential Information, as well as any domestic business opportunity related to OMNI which comes to Employee’s attention during the term of Employee’s employment with OMNI. Employee will not take
advantage of or divert any such business opportunity for the benefit of Employee or any other Person (as defined in Exhibit “A” attached hereto) without the prior written consent of OMNI. Employee agrees that the remedy at law for any
breach by Employee of this Section 7 will be inadequate and that OMNI shall also be entitled to injunctive relief. 
 10.    Intellectual Property. 
 (a)    To the extent they relate to,
or result from, directly or indirectly, the actual or anticipated operations of OMNI or any of its Affiliates, Employee hereby agrees that all patents, trademarks, copyrights, trade secrets, and other intellectual property rights, all inventions,
whether or not patentable, and any product, drawing, design, recording, writing, literary work or other author’s work, in any other tangible form developed in whole or in part by Employee during the term of this Agreement, or otherwise
developed, purchased or acquired by OMNI or any of its Affiliates, shall be the exclusive property of OMNI or such Affiliate, as the case may be (“Intellectual Property”). 
 (b)    Employee will hold all Intellectual Property in trust for OMNI and will deliver all Intellectual Property in
Employee’s possession or control to OMNI upon request and, in any event, at the end of Employee’s employment with OMNI. 
 (c)    Employee shall assign to OMNI all property rights that Employee may now or hereafter have in the Intellectual Property. Employee shall take such action, including, but not limited to, the execution,
acknowledgment, delivery and assistance in preparation of documents, and the giving of testimony, as may be requested by OMNI to evidence, transfer, vest or confirm OMNI’s right, title and interest in the Intellectual Property. 
  

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 (d)    Employee will not contest the validity of any invention, any
copyright, any patent, or any trademark registration owned by or vesting in OMNI or any of its Affiliates under this Agreement. 
 11.    Arbitration.    Any controversy or claim arising out of or relating to this Agreement shall be submitted to and settled by arbitration administered by the American Arbitration
Association under its National Rules for the Resolution of Employment Disputes and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. This provision shall not preclude either party from
seeking injunctive relief from a court of competent jurisdiction to enforce the provisions of Sections 7, 8, 9, or 10 of this Agreement. 
 12.    Definitions.    As used in this Agreement, the terms defined in Exhibit “A” have the meanings assigned to such terms in such exhibit. 
 13.    Notices.    All notices, requests, demands and other communications required by or permitted under
this Agreement shall be in writing and shall be sufficiently delivered if delivered by hand, by courier service, or sent by registered or certified mail, postage prepaid, to the parties at their respective addresses listed below: 
  

			
	 (a)
	  	If to Employee:
		
		  	Brian J. Recatto
		  	117 Thibodeaux Drive
		  	Lafayette, LA 70503
		
	 (b)
	  	If to OMNI:
		
		  	OMNI Energy Services Corp.
		  	P.O. Box 3761
		  	Lafayette, LA 70502-3761
		  	Attention: Chair, Compensation Committee

  
 Any party may change such
party’s address by furnishing notice to the other party in accordance herewith, except that notices of changes of address shall be effective only upon receipt. 
 14.    Assignment.    This Agreement is personal to Employee, and Employee shall not assign any of Employee’s rights or delegate any of Employee’s duties
hereunder without the prior written consent of OMNI. OMNI shall have the right to assign this Agreement to a successor in interest in connection with a merger, sale of substantially all assets, or the like; provided however, that an assignment of
this Agreement to an entity with operations, products or services outside of the industries in which OMNI is then active shall not be deemed to expand the scope of Employee’s covenant not to compete with such operations, products or services
without Employee’s written consent. OMNI shall require any Person who is the successor (whether direct or indirect, by purchase, merger, consolidation, reorganization, or otherwise) to all or substantially all of the business and/or assets of
OMNI to expressly assume and agree to perform, by a written agreement, all of the obligations of OMNI under this Agreement. 
  

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 15.    Survival.    The provisions of this Agreement shall
survive the termination of Employee’s employment hereunder in accordance with their terms. 
 16.    Governing
Law.    This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Louisiana without regard to the choice-of-law principles thereof. 
 17.    Choice of Forum; Consent to Jurisdiction.    Subject to the provisions of § 11, any suit,
action or proceeding arising with respect to the validity, construction, enforcement or interpretation of this Agreement, and all issues relating in any manner thereto, shall be brought in the United States District Court for the Western District of
Louisiana, Lafayette Division, or in the event that federal jurisdiction does not pertain, in the state courts of the State of Louisiana in Lafayette Parish. Each of the parties hereto hereby submits and consents to the jurisdiction of such courts
for the purpose of any such suit, action or proceeding and hereby irrevocably waives (a) any objection which any of them may now or hereafter have to the placing of venue in such courts, and (b) any claim that any such suit, action or
proceeding brought in such court has been brought in an inconvenient forum. 
 18.    Binding Upon
Successors.    This Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective heirs, legal representatives, successors and permitted assigns. 
 19.    Entire Agreement.    This Agreement constitutes the entire agreement between OMNI and Employee with
respect to the terms of employment of Employee by OMNI and supersedes all prior agreements and understandings, whether written or oral, between them concerning such terms of employment. 
 20.    Amendments and Waivers.    This Agreement may be amended, modified or supplemented, and any
obligation hereunder may be waived, only by a written instrument executed by the parties hereto. The waiver by either party of a breach of any provision of this Agreement shall not operate as a waiver of any subsequent breach. No failure on the part
of any party to exercise, and no delay in exercising, any right or remedy hereunder shall operate as a waiver hereof, nor shall any single or partial exercise of any such right or remedy by such party preclude any other or further exercise thereof
or the exercise of any other right or remedy. 
 21.    Cumulative Rights and Remedies.    All
rights and remedies hereunder are cumulative and are in addition to all other rights and remedies provided by law, agreement or otherwise. Employee’s obligations to OMNI and OMNI’s rights and remedies hereunder are in addition to all other
obligations of Employee and rights and remedies of OMNI created pursuant to any other agreement and to applicable law. 
 22.    Construction.    Each party to this Agreement has had the opportunity to review this Agreement with legal counsel. This Agreement shall not be construed or interpreted against any party
on the basis that such party drafted or authored a particular provision, parts of or the entirety of this Agreement. 
 23.    Severability.    In the event that any provision or provisions of this Agreement are held to be invalid, illegal or unenforceable by any court of law or otherwise, the remaining 

  

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provisions of this Agreement shall nevertheless continue to be valid, legal and enforceable as though the invalid or unenforceable parts had not been
included therein. In addition, in such event the parties hereto shall negotiate in good faith to modify this Agreement so as to affect the original intent of the parties as closely as possible with respect to those provisions which were held to be
invalid, illegal or unenforceable. 
 24.    Attorneys’ Fees and Costs.    If any action
at law or in equity is brought to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition to any other relief to which it may be
entitled. 
 25.    Management/Employment Agreements.    By execution hereof, Employee
represents and warrants that he has no current employment agreements, management agreements or consulting agreements with any third party other than those set forth in Section 3. 
 IN WITNESS WHEREOF, OMNI and Employee have executed this Agreement on the date first above written. 
  

			
	 COMPANY:

	
	 OMNI Energy Services Corp.

		
	 By:
	 	/s/ Richard C. White
	 Name:
	 	Richard C. White
	 Title:
	 	Chairman – Compensation Committee
	
	EMPLOYEE:
	
	/s/ Brian J. Recatto
	Brian J. Recatto

  

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 EXHIBIT “A” 
 DEFINITIONS 
 “Annual Base Salary” means the salary of Employee in effect at the
relevant time determined in accordance with Section 4(a) hereof. 
 “Affiliate” means, with respect to any Person, each
other Person who controls, is controlled by, or is under common control with the Person specified. 
 “Cause” when used in
connection with the termination of employment with OMNI, means the termination of Employee’s employment by OMNI by reason of: (i) the conviction of, the indictment for (or its procedural equivalent), or the entering of a guilty plea or
plea of no contest with respect to, any felony, the equivalent thereof, or any crime or offense causing harm to OMNI or any of its Affiliates (whether or not for personal gain) or involving acts of theft, fraud, embezzlement, moral turpitude or
similar conduct; (ii) the commission (or attempted commission) by Employee of an act of fraud upon OMNI or any of its Affiliates; (iii) the misuse or diversion (or attempted misuse or diversion) of OMNI’s or any of its
Affiliates’ funds or property; (iv) fraudulent or willful and material misrepresentation or concealment on any written report submitted to OMNI or any of its Affiliates; (v) misconduct, failure by Employee to adhere to any written
policy of OMNI or any of its Affiliates, breach of this Agreement, or failure to perform material duties assigned to Employee hereunder or the habitual neglect thereof; (vi) the appropriation (or attempted appropriation) of a material business
opportunity of OMNI or any of its Affiliates, including attempting to secure or securing personal profit in connection with any transaction entered into on behalf of OMNI or any of its Affiliates; (vii) the engagement by Employee in any
conflict of interest with OMNI or any of its Affiliates (except as provided in Section 7(b) of this Agreement) without compliance with OMNI’s conflict of interest policy, if any, then in effect; (viii) the engagement by Employee,
without the prior written approval of the Board of Directors of OMNI, in any activity or venture which competes with the domestic business of OMNI or any of its Affiliates; (ix) the engagement in any behavior or conduct which would constitute a
material violation of the provisions of OMNI’s insider trading policy or business ethics policy, if any, then in effect; or (x) the engagement in any behavior or conduct which, in the judgment of the Board of Directors, is detrimental to
or harms the business or reputation of OMNI or any of its Affiliates; (xi) any violation of paragraphs 7, 8, or 9 of this Agreement; or (xii) the engagement by or acceptance of employment with another company or entity. 
 “Change of Control” shall mean: 
 1.    The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the 1934 Act of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the 1934 Act)
of more than 50% of the outstanding shares of the Common Stock; provided, however, that for purposes of this subsection 1., the following shall not constitute a Change of Control: 
 (a)    any acquisition of Common Stock directly or indirectly from OMNI, 

 (b)    any acquisition of Common Stock by OMNI, 
 (c)    any acquisition of Common Stock by any employee benefit plan (or related trust) sponsored or maintained by OMNI
or any corporation controlled by OMNI, or 
 (d)    any acquisition of Common Stock by any corporation
pursuant to a transaction that complies with clauses (a), (b) and (c) of subsection (3) of this definition; or 
 2.
Individuals who, as of the date of execution of this Agreement (“Execution Date”), constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any
individual becoming a director subsequent to the Execution Date whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall
be considered a member of the Incumbent Board, unless such individual’s initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or
threatened solicitation of proxies or consents by or on behalf of a person other than the Incumbent Board; or 
 3. Approval by the
shareholders of OMNI of a reorganization, merger or consolidation, or sale or other disposition of all of substantially all of the assets of the Company (a “Business Combination”), in each case, unless, following such Business Combination,

 (a)    all or substantially all of the individuals and entities who were the beneficial owners of
OMNI’s outstanding common stock and OMNI’s voting securities entitled to vote generally in the election of directors immediately prior to such Business Combination have direct or indirect beneficial ownership, respectively, of more than
50% of the then outstanding shares of common stock, and more than 50% of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, of the corporation resulting from such Business
Combination (which, for purposes of this paragraph (a) and paragraphs (b) and (c), shall include a corporation which as a result of such transaction controls the Company or all or substantially all of the Company’s assets either
directly or through one or more subsidiaries), and 
 (b)    except to the extent that such ownership
existed prior to the Business Combination, no person (excluding any corporation resulting from such Business Combination or any employee benefit plan or related trust of the Company or such corporation resulting from such Business Combination)
beneficially owns, directly or indirectly, 30% or more of the then outstanding shares of common stock of the corporation resulting from such Business Combination or 30% or more of the combined voting power of the then outstanding voting securities
of such corporation, and 
  

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 (c)    at least a majority of the members of the board of directors
of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or 
 4. Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 
 “Confidential Information” includes information conveyed or assigned to OMNI or any of its Affiliates by Employee or conceived,
compiled, created, developed, discovered or obtained by Employee from and during Employee’s employment relationship with OMNI, whether solely by Employee or jointly with others, which concerns the affairs of OMNI or its Affiliates and which
OMNI could reasonably be expected to desire be held in confidence, or the disclosure of which would likely be embarrassing, detrimental or disadvantageous to OMNI or its Affiliates and without limiting the generality of the foregoing includes
information relating to inventions, and the trade secrets, technologies, algorithms, methods, products, services, finances, business plans, marketing plans, legal affairs, supplier lists, client lists, potential clients, business prospects, business
opportunities, personnel assignments, contracts and assets of OMNI or any of its Affiliates and information made available to OMNI or any of its Affiliates by other parties under a confidential relationship. Confidential Information, however, shall
not include information (a) which is, at the time in question, in the public domain through no wrongful act of Employee, (b) which is later disclosed to Employee by one not under obligations of confidentiality to OMNI or any of its
Affiliates or Employee, (c) which is required by court or governmental order, law or regulation to be disclosed, or (d) which OMNI has expressly given Employee the right to disclose pursuant to written agreement. 
 “Covenant Period” means the period beginning on the effective date of the termination of Employee’s employment with OMNI and its
Affiliates and ending two (2) years after the termination of Employee’s employment, except as provided otherwise in this definition. In the event of a termination of Employee’s employment after June 30, 2011 for any reason other
than Cause, the Covenant Period shall mean the period beginning on the effective date of the termination of Employee’s employment with OMNI and its Affiliates and ending one (1) year after the termination of Employee’s employment.

 “Person” means any individual, corporation, trust, partnership, limited partnership, foundation, association, limited
liability company, limited liability partnership, joint stock association or other legal entity. 
 “Restricted Business”
means all business operations (including marketing, sales, operations, or otherwise) of OMNI Energy Services Corp, including its Affiliates and subsidiaries. 
  

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 EXHIBIT B 
 SECTION 7 NON-COMPETE 
 PARISHES AND COUNTIES 
  

							
	 Texas
	 		 	Louisiana	 	Mississippi
	 Aransas
	 	Jones	 	Acadia	 	Amite
	 Archer
	 	Karnes	 	Allen	 	Hancock
	 Austin
	 	Kenedy	 	Ascension	 	Harrison
	 Baylor
	 	Kleberg	 	Assumption	 	Jackson
	 Bee
	 	Lavaca	 	Beauregard	 	Lamar
	 Brazoria
	 	Lee	 	Bienville	 	Lincoln
	 Brazos
	 	Liberty	 	Bossier	 	Marion
	 Brooks
	 	Limestone	 	Caddo	 	Pearl River
	 Burleson
	 	Live Oak	 	Calcasieu	 	Pike
	 Calhoun
	 	Madison	 	Cameron	 	
	 Chambers
	 	Matagorda	 	Desoto	 	Utah
	 Clay
	 	Montague	 	East Baton Rouge	 	Carbon
	 Coleman
	 	Navarro	 	Evangeline	 	Duchesne
	 Colorado
	 	Newton	 	Iberia	 	Grand
	 Cooke
	 	Nolan	 	Iberville	 	Uintah
	 Denton
	 	Nueces	 	Jackson	 	
	 Dewitt
	 	Orange	 	Jefferson	 	Alabama
	 Duval
	 	Palo Pinto	 	Jefferson Davis	 	Baldwin
	 Eastland
	 	Parker	 	Lafayette	 	Mobile
	 Erath
	 	Polk	 	Lafourche	 	
	 Fannin
	 	Refugio	 	La Salle	 	Arkansas
	 Fayette
	 	Robertson	 	Lincoln	 	Conway
	 Fisher
	 	Sabine	 	Livingston	 	Faulkner
	 Fort Bend
	 	San Augustine	 	Orleans	 	Van Buren
	 Freestone
	 	San Patricio	 	Plaquemines	 	
		 		 		 	
	 Galveston
	 	Shackleford	 	Pointe Coupee	 	Wyoming
	 Goliad
	 	Starn	 	Red River	 	Fremont
	 Grayson
	 	Stephens	 	Sabine	 	Sublette
	 Grimes
	 	Stonewall	 	St. Bernard	 	Sweetwater
	 Hardeman
	 	Tarrant	 	St. Charles	 	
	 Hardin
	 	Taylor	 	St. James	 	Gulf of Mexico
	 Harris
	 	Throckmorton	 	St. John the Baptist	 	
	 Henderson
	 	Tyler	 	St. Landry	 	

  

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	 Texas cont
	 		 	Louisiana cont	 	Oklahoma
	 Hidalgo
	 	Victoria	 	St. Martin	 	Atoka
	 Hill
	 	Walker	 	St. Mary	 	Coal
	 Hood
	 	Waller	 	St. Tammany	 	Latimer
	 Hopkins
	 	Washington	 	Tangipahoa	 	Pittsburg
	 Jack
	 	Webb	 	Terrebonne	 	
	 Jackson
	 	Wharton	 	Vermillion	 	
	 Jasper
	 	Willacy	 	Webster	 	
	 Jefferson
	 	Wise	 	West Baton Rouge	 	
	 Jim Hogg
	 	Young	 		 	
	 Jim Wells
	 	Zapata	 		 	
	 Johnson
	 		 		 	

  

 5Letter Agreement dated December 10, 2008 and effective December 11, 2008

 Exhibit 10.1 
 

 
 December 10, 2008 
 The Parent Company 
 1099 18th St., Suite 80202 
 Denver, CO 80202 
 Attention: Michael Wagner, Chief Executive Officer 
 Gentlemen: 

Reference is hereby made to the Amended and Restated Credit Agreement dated as of October 12, 2007 by and among The Parent Company, a Colorado
corporation (“Parent”), BabyUniverse, Inc., a Colorado corporation (“BabyUniverse”), eToys Direct, Inc., a Colorado corporation (“eToys Direct”), PoshTots, Inc, a Colorado corporation
(“PoshTots”), Dreamtime Baby, Inc., a Colorado corporation (“Dreamtime”), My Twinn, Inc., a Colorado corporation (“My Twinn”, and collectively with Parent, BabyUniverse, eToys Direct, PoshTots and
Dreamtime, the “Borrowers”), the other Loan Parties from time to time party thereto, and the Lenders from time to time party thereto and The CIT Group/Business Credit, Inc., as Administrative Agent and Collateral Agent for the
Lenders (the “Administrative Agent”), as modified by that certain letter agreement dated as of December 14, 2007, as amended by that certain First Amendment to Amended and Restated Credit Agreement and Consent dated as of
January 8, 2008, as amended by that certain Second Amendment to Amended and Restated Credit Agreement dated as of February 1, 2008, as amended by that certain Third Amendment to Amended and Restated Credit Agreement dated as of
March 10, 2008, as amended by that certain Fourth Amendment to Amended and Restated Credit Agreement dated as of July 10, 2008 and as amended by that certain Fifth Amendment to Amended and Restated Credit Agreement dated as of
October 31, 2008 (as so modified and amended, the “Credit Agreement”). All capitalized terms used herein without definition shall have the meanings assigned to such terms in the Credit Agreement. 
 Reference is also hereby made (i) to the letter dated December 1, 2008 from CIT (as
hereinafter defined) to Parent (the “December 1st Reservation of Rights Letter”),
(ii) to the letter agreement dated December 4, 2008 (the “December 4th Letter Agreement”) between CIT and Parent and acknowledged by D. E. Shaw Laminar Lending, Inc. (“Shaw”) and (iii) the letter agreement dated as of the date hereof between CIT and Shaw (the “Shaw Letter
Agreement”). 
 The Loan Parties, by their execution of this letter, do hereby acknowledge and agree that as of the
date of this letter (i) the Aggregate Revolving Exposure exceeds the Borrowing Base such that an Overadvance exists, (ii) The CIT Group/Business Credit, Inc., in its capacities as both Administrative Agent and sole Lender under the Credit
Agreement (in both such capacities, “CIT”) has demanded that the Borrowers immediately repay the outstanding Overadvance, (iii) the Borrowers are currently unable to repay the outstanding Overadvance, (iv) as a result of
the failure of the Borrowers to repay the outstanding Overadvance, an Event of Default has occurred and is continuing (the “Existing Event of Default”), and (v) CIT is presently entitled to exercise all of its rights and
remedies against the Loan Parties, including, without limitation, the right to demand that the Loan Parties repay the outstanding Obligations in full, the right to refuse to make additional Revolving Loans or extend further credit to the Borrowers,
and the right to take enforcement actions against the Loan Parties and the Collateral. As of the date hereof, CIT has elected not to exercise any such rights, but hereby expressly reserves the right to exercise any and all such rights at any time in
the future for any reason whatsoever, subject to the term and conditions hereof. 

 The Parent Company 
 December 10, 2008 
  Page
 2
 
  

 Notwithstanding that an outstanding Overadvance exists, the Existing Event of Default has occurred
and is continuing, and CIT has no further obligation whatsoever to make additional Revolving Loans or extend further credit to the Loan Parties, the Loan Parties have requested that CIT (x) forbear during the Forbearance Period (as hereinafter
defined) from exercising its default-related rights or remedies against the Loan Parties or the Collateral as a result of the occurrence and continuance of the Existing Event of Default, (y) continue to make Revolving Loans to the Borrowers
during the Forbearance Period and (z) permit the Overadvance to remain outstanding during the Forbearance Period. 
 In consideration of
and reliance on the acknowledgments, representations, warranties and agreements of the Loan Parties contained herein and the acknowledgements and agreements of Shaw contained in the Shaw Letter Agreement, CIT hereby agrees solely during the
Forbearance Period to forbear from exercising its default-related remedies under the Loan Documents to the extent the availability of any such remedies arises exclusively from the Existing Event of Default, provided that the Loan Parties and
Shaw shall comply at all times during the Forbearance Period with all of the provisions, limitations, restrictions and prohibitions set forth herein or in the Shaw Letter Agreement or that would otherwise be effective or applicable under any of the
Loan Documents (whether or not during the occurrence and continuance of any Default or Event of Default), except that during the Forbearance Period Overadvances shall be permitted to remain outstanding in accordance with clause (i) of the
immediately succeeding paragraph of this letter. Upon the occurrence of a Forbearance Termination Event (as hereinafter defined), the agreement of CIT to forbear with respect to the exercise of its default-related remedies under the Loan Documents
shall immediately terminate without the requirement of any demand, presentment, protest or notice of any kind, all of which the Loan Parties hereby expressly waive. The Loan Parties hereby agree that CIT may at any time thereafter proceed to
exercise any and all of its rights and remedies under any or all of the Loan Documents and/or applicable law, including without limitation, any and all of its rights and remedies under or in respect of the Guaranty. As used herein, the term
“Forbearance Period” means the period commencing on the date hereof and ending on the earliest to occur (any such occurrence being a “Forbearance Termination Event”) of (i) December 12, 2008, (ii) the
occurrence of any Default or Event of Default other than the Existing Event of Default, (iii) the failure of any Loan Party or Shaw to comply with any of its obligations under this letter or under the Shaw Letter Agreement or the inaccuracy in
any material respect of any representation, warranty or acknowledgment made by any Loan Party in this letter or by Shaw in the Shaw Letter Agreement or (iv) the taking of any action by or on behalf of Shaw to repudiate or revoke or attempt to
repudiate or revoke the Guaranty or the taking by Shaw of any action to contest the validity or enforceability of the Guaranty. 
 To induce
CIT (x) to continue to make Revolving Loans to the Borrowers during the Forbearance Period, (y) to permit Overadvances to remain outstanding during the Forbearance Period, and (z) to forbear during the Forbearance Period from exercising
its default-related rights or remedies against the Loan Parties or the Collateral, the Loan Parties each hereby represent, warrant, ratify, affirm, covenant, acknowledge and agree with CIT that (a) as of December 8, 2009, the outstanding
principal amount of the Revolving Loans totaled $15,688,867 (it being understood that such outstanding principal amount was been determined after giving effect to the Revolving Loan in the principal amount of $550,000 made on December 9, 2009),
the Availability Block totaled $10,000,000, the Borrowing Base (based on the Borrowing Base Certificate dated as of December 6, 2008) totaled $11,162,843, and if the Borrowing Base were to be calculated as of the date hereof, the Borrowing Base
as so calculated would be lower than the Borrowing Base calculated as of December 6, 2008, (b) the Credit Agreement and the other Loan Documents represent the valid, enforceable and collectible obligations of the Loan Parties, (c) the
Loan Parties do not have any claims, causes of action, defenses, or rights of set off against CIT, (d) the Loan Parties hereby release, waive, and forever discharge CIT (together with its predecessors, successors and assigns) from any and all
actions, causes of action, suits, debts, defenses, rights of set off, or other claims 

 The Parent Company 
 December 10, 2008 
  Page
 3
 
  

 
whatsoever, in law or in equity, known or unknown, against CIT (and its predecessors, successors and assigns) with respect to events, acts or omissions
occurring or arising on or prior to the date hereof, (e) nothing herein shall be deemed to constitute a release or relinquishment of the security interests, liens and rights of CIT, all of which security interests, liens and rights are hereby
ratified and confirmed, (f) CIT has not waived, and nothing herein shall be deemed to constitute a waiver by CIT of, the Existing Event of Default, (g) all financial statements and information that the Loan Parties have delivered to CIT, and
all additional financial statements and information that the Loan Parties will in the future deliver to CIT, including, without limitation, all Borrowing Base Certificates, are and will be true and correct in all material respects, (h) pursuant to
Section 5.06 of the Credit Agreement, the Loan Parties shall permit any representatives, consultants, advisors or independent contractors designated by the Administrative Agent to visit and remain on or at the properties of the Loan Parties, to
examine, monitor and make extracts from the books and records of the Loan Parties, to inspect, monitor and verify the Collateral and to take such other actions as are contemplated by Section 5.06 of the Credit Agreement, all at such times and
with such frequency as the Administrative Agent may determine and all at the sole cost and expense of the Loan Parties and (i) the Borrowers shall not permit the outstanding principal amount of the Revolving Loans as of the dates set forth
below to exceed the maximum principal balance set forth below opposite such dates nor shall the Borrowers permit the Aggregate Revolving Exposure as of the dates set forth below to exceed the Borrowing Base by more than the maximum Overadvance
Amounts set forth below opposite such dates: 
  

							
	 Date
	  	Maximum Principal Balance	  	Maximum Overadvance Amount
	 December 10, 2008
	  	$	14,482,000	  	$	3,319,000
	 December 11, 2008
	  	$	13,955,000	  	$	2,792,000
	 December 12, 2008
	  	$	13,448,000	  	$	2,325,000

 This letter shall confirm that during the Forbearance Period, CIT will continue to honor requests
from the Borrowers for additional Revolving Loans, provided that (i) in no event shall the outstanding principal amount of the Revolving Loans as of any date during such period exceed the Maximum Principal Balance for such date as set
forth above (the occurrence of any such excess being a “Maximum Principal Balance Excess Event”) and (ii) in no event shall the Aggregate Revolving Exposure as of any date during such period exceed the Borrowing Base by more
than the Maximum Overadvance Amount for such date as set forth above (the occurrence of any such excess being a “Maximum Overadvance Excess Event”). For avoidance of doubt, the Loan Parties expressly acknowledge and agree that the
occurrence of a Maximum Principal Balance Excess Event or a Maximum Overadvance Excess Event shall constitute a Forbearance Termination Event for purposes of this letter. 
 The Loan Parties expressly acknowledge and agree that CIT’s willingness to continue to make Revolving Loans to the Loan Parties during the Forbearance Period as set forth herein is expressly conditioned upon,
among other things, the receipt by CIT of (x) a counterpart of this letter duly executed by each of the Loan Parties and (y) a counterpart to the Shaw Letter Agreement duly executed by Shaw. The Loan Parties further acknowledge and agree
that neither CIT’s agreement to forbear from the exercise of its default-related remedies in respect of the Existing Event of Default during the Forbearance Period as provided herein nor any funding by CIT of any additional Revolving Loans
after the date hereof, shall constitute (x) a waiver by CIT of the Existing Event of Default or any other Default or Event of Default which may now exist or occur in the future, (y) an amendment to the Credit Agreement or any other Loan
Document or (z) a waiver of any right or remedy that may be available to CIT under the Credit Agreement, the other Loan Documents or applicable law, all of which rights and remedies are expressly reserved. 

 The Parent Company 
 December 10, 2008 
  Page
 4
 
  

 This letter agreement, together with the
December 1st Reservation of Rights Letter and the December 4th Letter Agreement (i) set forth the entire understanding of the parties with respect to the Overadvance, the continuing Event of Default, and the rights and remedies available to CIT, and (ii) supersede all
prior communications and draft letter agreements between the parties regarding the Overadvance, the continuing Event of Default, and the rights and remedies available to CIT. 

 The Parent Company 
 December 10, 2008 
  Page
 5
 
  

 IN WITNESS WHEREOF, the parties hereto have caused this letter agreement to be duly executed and
delivered by their proper and duly authorized officers as of the day and year first above written. 
  

			
	BORROWERS:
	THE PARENT COMPANY
		
	By:	 	 /s/ Michael J. Wagner

	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	BABYUNIVERSE, INC.
		
	By:	 	 /s/ Michael J. Wagner

	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	eTOYS DIRECT, INC.
		
	By:	 	 /s/ Michael J. Wagner

	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	POSHTOTS, INC.
		
	By:	 	 /s/ Michael J. Wagner

	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	DREAMTIME BABY, INC.
		
	By:	 	 /s/ Michael J. Wagner

	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer

 The Parent Company 
 December 10, 2008 
  Page
 6
 
  

			
	MY TWINN, INC.
		
	By:	 	 /s/ Michael J. Wagner

	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	 LOAN GUARANTORS:
 eTOYS DIRECT 1, LLC

		
	By:	 	eTOYS DIRECT, INC.,
		 	Its Managing Member
		
	By:	 	 /s/ Michael J. Wagner

	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	eTOYS DIRECT 2, LLC
		
	By:	 	eTOYS DIRECT, INC.,
		 	Its Managing Member
		
	By:	 	 /s/ Michael J. Wagner

	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	eTOYS DIRECT 3, LLC
		
	By:	 	eTOYS DIRECT, INC.,
		 	Its Managing Member
		
	By:	 	 /s/ Michael J. Wagner

	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer
	
	GIFT ACQUISITION, L.L.C.
		
	By:	 	eTOYS DIRECT, INC.,
		 	Its Managing Member
		
	By:	 	 /s/ Michael J. Wagner

	Name:	 	Michael J. Wagner
	Title:	 	Chief Executive Officer

			
	ADMINISTRATIVE AGENT AND SOLE LENDER:
	
	THE CIT GROUP/BUSINESS CREDIT, INC., individually, as Administrative Agent, Collateral Agent and Lender
		
	By:	 	 /s/ Renee M. Singer

	Name:	 	Renee M. Singer
	Title:	 	Senior Vice President

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