Document:

EXHIBIT 10.3

                    PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT

                (for completion by non-United States residents)

                              QUARTZ VENTURES, INC.

The undersigned (the "Purchaser") hereby irrevocably subscribes for and agrees
to purchase the number of shares of common stock in the capital of Quartz
Ventures, Inc. (the "Company"), a Nevada company, disclosed on page 5 of this
Agreement at a price of US$ per share for the aggregate price disclosed on page
5 of this Agreement (U.S. dollars) (the "Funds"). Together with this
Subscription Agreement, the Purchaser is delivering to the Company the full
amount of the purchase price for the Shares in respect of which it is
subscribing. The Offering is being conducted in reliance upon the exemption from
registration requirements of the Securities Act of 1933 (the "Act") set forth in
Regulation S promulgated under the Act.

2. Representations and Warranties of the Purchaser. In order to induce the
Company to accept this subscription, the Purchaser hereby represents and
warrants to, and covenants with, the Company as follows:

A. The Purchaser is purchasing the Shares for the Purchaser's own account (not
as a nominee or agent) for investment purposes and not with a view towards
resale or distribution of any part thereof. The Purchaser has no present
arrangement or intention to sell or distribute the Shares, or to grant
participation in the Shares. The Purchaser does not have any contract,
undertaking, agreement or arrangement with any person to sell, transfer or grant
participation to such person, or to any third person, with respect to any of the
Shares sold hereby;

B. The Purchaser acknowledges and agrees that the United States Securities &
Exchange Commission has not review the offering of the Shares and that the
Shares have not been registered under the Act and may not be offered or sold in
the United States or to U.S. persons unless the Shares are registered under the
Act, sold in accordance with the provisions of Regulation S of the Act or
pursuant to an available exemption from registration. The certificate
representing the Shares will bear the following legend and the Purchaser agrees
to abide by the terms thereof:

         The Securities represented hereby have not been registered under the
         Securities Act of 1933 (the "Act"), and have been issued in reliance
         upon an exemption from the registration requirements of the Act
         provided by Regulation S promulgated under the Act. Such securities may
         not be re-offered for sale or resold or otherwise transferred except in
         accordance with the provisions of Regulation S, pursuant to an
         effective registration under the Act, or pursuant to an available
         exemption from registration under the Act. Hedging transactions
         involving the securities may not be conducted unless in compliance with
         the Act.

C. The Purchaser has had the opportunity to ask and receive answers to any and
all questions the Purchaser had with respect to the Company, its Business Plan,
Management and current financial condition. The Purchaser acknowledges that the
Company is newly organized, does not have an operating history, will likely
require additional capital to complete its business plan and that there is no
assurance that the Company can obtain additional capital or successfully
complete its Business Plan;

<PAGE>

D. The Purchaser is an accredited investor and has such knowledge and expertise
in financial and business matters that the Purchaser is capable of evaluating
the merits and risks involved in an investment in the Shares and acknowledges
that an investment in the Shares entails a number of very significant risks and
the Purchaser is able to withstand the total loss of its investment. The
Purchaser acknowledges that the Company has recommended that each Purchaser
obtain independent legal and financial advice prior to subscribing, including
but not limited to advice as to the legality of any resale of the Shares, as
well as the suitability of the investment for the Purchaser;

E. Except as set forth in this Agreement, no representations or warranties have
been made to the Purchaser by the Company or any agent, employee or affiliate of
the Company and in entering into this transaction the Purchaser is not relying
upon any information, other than that contained in this Agreement and the result
of independent investigation by the Purchaser;

F. The Purchaser understands that the Shares are being offered and sold to it in
reliance on specific exemptions from the registration requirements of the United
States Federal and State securities laws and that the Company is relying upon
the truth and accuracy of the representations, warranties, agreements,
acknowledgments and understandings of the Purchaser set forth herein in order to
determine the applicability of such exemptions and the suitability of the
Purchaser to acquire the Shares;

G. The Purchaser has full power and authority to execute and deliver this
Agreement and to perform its obligations hereunder, and this Agreement is a
legally binding obligation of the Purchaser enforceable against the Purchaser in
accordance with its terms;

H. The Purchaser is not purchasing the Shares as a result of any advertisement
of the offering of the Shares;

I. This subscription for the Shares has not been induced by any representations
or warranties by any person whatsoever with regard to the future value of the
Company's securities;

J. The Subscriber is not a "U.S. Person" as defined by Regulation S of the Act
and is not acquiring the Shares for the account or benefit of a U.S. Person. A
"U. S. Person" is defined by Regulation S of the Act to be any person who is:

     (a) any natural person resident in the United States;

     (b) any partnership or corporation organized or incorporated under the laws
         of the United States;

     (c) any estate of which any executor or administrator is a U.S. person;

     (d) any trust of which any trustee is a U.S. person;

     (e) any agency or branch of a foreign entity located in the United States;

     (f) any non-discretionary account or similar account (other than an estate
         or trust) held by a dealer or other fiduciary organized, incorporate,
         or (if an individual) resident in the United States; and

     (g) any partnership or corporation if.

<PAGE>

     1   . organized or incorporated under the laws of any foreign jurisdiction;
                                                                            -and

     2.  formed by a U.S. person principally for the purpose of investing in
         securities not registered under the Act, unless it is organized or
         incorporated, and owned, by accredited investors [as defined in Section
         230.501 (a) of the Act] who are not natural persons, estates or trusts.

K. The Purchaser agrees not to engage in hedging transactions with regard to the
Shares unless in compliance with the Act; and

L. The Purchaser agrees to execute an agreement imposing restrictions on
transfer of the Shares in the form the Company requires.

3. Representations of the Company. The Company represents and warrants to the
Purchaser that:

A. The Company is duly incorporated under the laws of the State of Nevada and is
in good standing in accordance with all applicable federal and state laws;

B. The execution, delivery and performance of this Agreement by the Company and
the performance of its obligations hereunder do not and will not constitute a
breach or violation of any of the terms and provisions of, or constitute a
default under or conflict with or violate any provisions of (i) the Company's
Articles of Incorporation or By-laws, (ii) any indenture, mortgage, deed of
trust, agreement or any instrument to which the Company is a party or by which
it or any of its property is bound, (iii) any applicable statute or regulation,
or (iv) any judgment, decree or order of any court or government body having
jurisdiction over the Company or any of its property;

C. The execution, delivery and performance of this Agreement and the
consummation of the issuance of the Shares and the transactions contemplated by
this Agreement are within the Company's corporate powers and have been duly
authorized by all necessary corporate and stockholder action on behalf of the
Company;

D. There is no action, suit or proceeding before or by any court or governmental
agency or body, domestic or foreign, now pending or, to the knowledge of the
Company, threatened against or affecting the Company or any of its properties,
which might result in any material adverse change in the condition (financial or
otherwise) or in the earnings, business affairs or business prospects of the
Company, or which might materially and adversely affect the properties or assets
thereof;

E. The Company is not in default in the performance or observance of any
material obligation agreement, covenant or condition contained in any material
indenture, mortgage, deed of trust or other material instrument or agreement to
which it is a party or by which it or its property may be bound; and neither the
execution, nor the delivery by the Company, nor the performance by the Company
of its obligations under this Agreement will conflict with or result in the
breach or violation of any of the terms or provisions of, or constitute a
default or result in the creation or imposition of a lien or charge on any
assets or properties of the Company under any material deed of trust or other
material agreement or instrument to which the Company is party or by which it is
bound or any statute or the Articles of Incorporation or By-laws of the Company,
or any decree, judgment, order, ruling or regulation of any court or government
agency or body having jurisdiction over the Company or its properties;

<PAGE>

F. There is no fact known to the Company (other than general economic conditions
known to the public generally) that has not been disclosed in writing to the
Purchaser that (i) could reasonably be expected to have a material adverse
effect on the condition (financial or otherwise) or on the earnings, business
affairs, business prospects, properties or assets of the Company, or (ii) could
reasonably be expected to materially and adversely affect the ability of the
Company to perform its obligations pursuant to this Agreement.

4. Non-Binding Until Accepted. The Purchaser understands that this subscription
is not binding upon the Company until the Company accepts it, which acceptance
is at the sole discretion of the Company and is to be evidenced by the Company's
execution of this Agreement where indicated. The funds advanced by the Purchaser
cannot be used by the Company until the Company has accepted the subscription
and has executed this Agreement.

5. Non-Assignability. Neither this Agreement nor any of the rights of the
Purchaser hereunder may be transferred or assigned by the Purchaser. Moreover,
the Company shall refuse to register any transfer of the common stock not made
in accordance with the provisions of Regulation S, pursuant to registration
under the Act, or pursuant to an available exemption from registration.

6. Modification/Entire Agreement. This Agreement (i) may only be modified by a
written instruction executed by the Purchaser and the Company; (ii) sets forth
the entire agreement of the Purchaser and the Company with respect to the
subject matter hereof; and (iii) shall enure heirs, legal representatives,
successors and permitted assigns.

7. Governing Law. This Agreement will be construed and enforced in accordance
with and governed by the laws of the State of Nevada.

8. Notices. All Notices or other communication hereunder shall be in writing and
shall be deemed to have been duly given if delivered personally (including
courier service) or mailed by certified or registered mail, return receipt
requested, postage prepaid.

<PAGE>

IN WITNESS WHEREOF the Purchaser has executed this Securities Subscription
Agreement on the date set forth below.

The Subscriber hereby offers to subscribe for _____________ Shares on the terms
and conditions of this Agreement and agrees to pay the Funds and delivers
herewith a certified check, money order or bank draft in the sum of $ _________
(U.S.) made payable to the Company.

DATED:  __________________

                  (sign below if Subscriber is an individual)

SIGNED, SEALED AND DELIVERED by the Subscriber in
the presence of:

                                                   ) ___________________________
                                                   ) SIGNATURE OF THE SUBSCRIBER

__________________________________________________ ) PRINTED NAME OF SUBSCRIBER
                                                   )
                                                   )
                                                    ____________________________
                                                   ) RESIDENTIAL ADDRESS OF
                                                     SUBSCRIBER
                                                   )
                                                   )

                   (sign below if Subscriber is a corporation)

 EXECUTED by                                        )
                                                    ) __________________________
 in the presence of:                                ) per:
                                                    )
                                                    ) __________________________
____________________________________________________) AUTHORIZED SIGNATORY
 WITNESS                                            )

<PAGE>

ACCEPTANCE BY THE COMPANY
_________________________

This Agreement is accepted by the Company as of the      day of

                                                    QUARTZ VENTURES, INC.

                                                    per:

                                                    ____________________________
                                                    Authorized SignatoryExhibit 4.5

 

GLOBAL GEOPHYSICAL SERVICES, INC.

 

AMENDED AND RESTATED

 

PLAN OF RECAPITALIZATION

 

Whereas, Global Geophysical Services, Inc.
(the “Company”) is a corporation
organized and existing under the laws of the State of Delaware;

 

Whereas, at
a Special Meeting held on July 28, 2006, the Company’s shareholders
approved a Plan of Recapitalization dated July 14, 2006 (the “Original Plan”) that provided
for the conversion of all of the Company’s outstanding capital stock into a
single, new class of Common Stock, the amendment of the Company’s governing
documents to reflect the new capital structure, and the authorization of the
Company’s Board of Directors to
split the new Common Stock at a ratio to be determined by the Board of
Directors in the event of a public
offering of the Company’s stock on or before March 31, 2007 (the “Deadline”);

 

Whereas, no
public offering occurred by the Deadline, as result of which the Original Plan
terminated by its own terms on that date;

 

Whereas, the
Board of Directors of the Company has determined that it is in the best
interest of the Company to revive the Original Plan, and to amend it by
extending the Deadline, adapting the definitions of the Original Plan to
conform to intervening changes in the Company’s Certificate of Incorporation
and capital structure, and omitting certain provisions of the Original Plan
that have already been put into effect, such as the division of the Board of
Directors of the Company into three classes;

 

Now, therefore, this Amended and Restated Plan of Recapitalization (the “Plan”) revives the Original
Plan and amends it by restatement in its entirety to read as follows:

 

1.                 Summary

 

The Company has obtained financing through a series of private
placements of equity securities, principally a series of preferred stock, to
accredited investors. In addition, employees have received shares of capital
stock pursuant to written agreements with the Company. As a result of these
issuances, the Company’s authorized capital structure consists of two classes
of common stock and three series of preferred stock.

 

The Board of Directors of the Company has determined that it may be in
the Company’s best interest to seek additional financing through an initial
public offering of equity securities of the Company that will be registered
with the United States Securities and Exchange Commission and pursuant to the
securities laws of applicable states. To facilitate such a public offering, the
Board of Directors believes that it may be in the best interest of the Company
and its stockholders (i) to simplify the Company’s capital structure by
effecting the conversion of all existing shares of common and preferred stock
and creating a single class of common stock, (ii) to adopt a Third Amended
and Restated Certificate of Incorporation to reflect the foregoing conversion,
and (iii) to authorize the Board of Directors of the Company to split the
Company’s 

 

1

 

existing or new capital stock at a ratio to be determined by the Board
if the Board deems it desirable to do so in order to facilitate the public
offering.

 

2.                 Definitions

 

Capitalized terms used in the Plan shall have the meanings assigned to
them in this Section 2.  Singular
terms shall include the plural as well as the singular, and vice versa.  Use of the masculine gender shall include the
feminine as well.  The terms “herein,” “hereof”
and “hereunder,” and other words of similar import, refer to the Plan as a
whole and not to any particular Section or other subdivision.

 

“Board” means the Board of
Directors of the Company.

 

“Certificate” means the Second Amended
and Restated Certificate of Incorporation of the Company filed with the
Delaware Secretary of State on March 22, 2007 together with the
Certificate of Correction thereto filed with the Delaware Secretary of State on
March 29, 2007, as it may be amended hereafter and prior to the Effective
Date.

 

“Commission” means the United States
Securities and Exchange Commission.

 

“Company” means Global Geophysical
Services, Inc., a Delaware corporation.

 

“Custody Letter” means the Letter of
Transmittal and Custody Agreement to the Stock Transfer Agent in the form to be
provided to Stockholders.

 

“DGCL” means the Delaware General
Corporation Law, as amended.

 

“Effective Date” means the effective time
and date stated in the Restated Certificate filed with the Delaware Secretary
of State pursuant to Section 4(a) of the Plan.

 

“Existing Common Stock” means the
Existing A Common Stock and the Existing B Common Stock, each as hereinafter
defined.

 

“Existing A Common Stock” means the
30,000,000 shares of Class A common stock of the Company authorized to be
issued by the Certificate, 3,709,100 shares of which are presently issued and
outstanding.

 

“Existing B Common Stock” means the
120,000,000 shares of Class B common stock of the Company authorized to be
issued by the Certificate, 4,601,655 shares of which are presently issued and
outstanding.

 

“Existing Covenants” means those
certain letter agreements, together with the rights, privileges and obligations
contained therein, by and between the Company and its employees who own shares
of Existing Common Stock.

 

2

 

“Existing Preferred Stock” means the
existing Series A Convertible Preferred Stock of the Company authorized to
be issued by the Certificate, 20,243,040 shares of which are presently issued
and outstanding.

 

“New Common Stock” means the new,
single class of common stock of the Company to be authorized upon the filing of
the Third Amended and Restated Certificate of Incorporation of the Company with
the Delaware Secretary of State.

 

“Plan” means this Plan of
Recapitalization, as it may hereafter be amended.

 

“Public Offering” means the
proposed initial public offering of New Common Stock by the Company pursuant to
the Registration Statement.

 

“Registration Statement” means a
registration statement on the form prescribed by the Commission that may be
filed by the Company with the Commission for the Public Offering.

 

“Requisite Amount” means the
affirmative vote of at least a majority of the issued and outstanding shares
(excluding those held in the Company’s treasury) of Existing A Common Stock,
the Existing B Common Stock, and the Existing Preferred Stock, each voting as a
separate class.

 

“Restated Certificate” means the
Third Amended and Restated Certificate of Incorporation of the Company in the
form attached hereto as Exhibit A.

 

“Securities Act” means the Securities Act of
1933, as amended.

 

“Stock Transfer Agent” means the stock
transfer agent to be selected by the Company to serve as the stock transfer
agent for the New Common Stock.

 

“Stockholders” means, at any particular
time prior to the Effective Date, the holders of the Existing Common Stock
and/or Existing Preferred Stock.

 

3.                 Conditions to
Implementation of the Plan

 

The Plan will not be effective and will not be implemented until each
of the following conditions has been satisfied:

 

(a)                Approval by the
Stockholders.  The
Stockholders must vote for and approve the Plan in accordance with the DGCL, by
the Requisite Amount, either by written consent or at a special meeting of the
Stockholders.  As a condition to
approving the Plan, the Stockholders must also vote for and approve the Restated
Certificate and authorize the Board to split the New Common Stock, each by the
Requisite Amount.

 

3

 

(b)               Registration
Statement Declared Effective.  The Registration Statement must be declared
effective by the Commission, and such declaration shall not have been revoked.

 

(c)                Closing of
Public Offering.  The
underwriters and the Company shall have executed and delivered the underwriting
agreement for the Public Offering, and the managing underwriter shall have
notified the Company that the managing underwriter is prepared, subject to the
terms of the underwriting agreement, to close the Public Offering.

 

(d)               Board Approval.  The Board shall have adopted a resolution
determining to put into effect the Plan, or any portion thereof. (For example,
the Board may determine to further split the existing three shares of the
Company’s stock, but not to carry out the conversion of Existing Preferred
Stock and Existing Common Stock into New Common Stock as contemplated by
paragraph 4 (b) and (d) below.)

 

(e)                Compliance with
Laws.  The Company and the Board
shall comply with any other conditions necessitated by compliance with
applicable securities laws and the DGCL, all in the Board’s discretion.

 

4.                 Implementation
of the Plan

 

Following the satisfaction of the conditions set forth in Section 3,
the Plan will be implemented as follows:

 

(a)                Conversion of
Existing Common Stock and Existing Preferred Stock.  If the Board determines to carry out the
conversion of Existing Preferred Stock and Existing Common Stock into New
Common Stock, then:

 

(i)                 Filing of
Restated Certificate.  Prior to
the execution and delivery of the underwriting agreement for the Public
Offering, the Company shall execute and file the Restated Certificate with the
Delaware Secretary of State.

 

(ii)                Conversion of
Existing Common Stock and Existing Preferred Stock. On the
Effective Date, each issued and outstanding share of Existing Preferred Stock
and Existing Common Stock shall be automatically converted into one (1) share
of New Common Stock.

 

(iii)               Cancellation of
Shares not Outstanding.  All
shares of Existing Common Stock and Existing Preferred Stock not outstanding
shall be automatically canceled.

 

(iv)              Effectiveness
of Existing Covenants.  The
Existing Covenants shall remain in full force and effect with respect to the
shares of New Common Stock issued and outstanding pursuant to the Restated
Certificate, after giving effect to the Plan and the split contemplated in Section 4(b),
if any.

 

4

 

(v)               Delivery of
Certificates and Custody Letter.  As soon as practicable before or after the
Effective Date, Stockholders shall be notified and requested to surrender
certificates for shares of Existing Preferred Stock or Existing Common Stock,
duly endorsed in blank, together with the Custody Letter.  Such stock certificates and Custody Letters
shall be delivered to the Stock Transfer Agent, who will issue certificates
representing the appropriate number of shares of New Common Stock in accordance
with the Custody Letter terms.  The Stock
Transfer Agent will, in its reasonable discretion, determine the procedure to
address lost certificates and similar matters regarding the exchange of
Existing Common and Existing Preferred Stock for shares of New Common
Stock.  No fractional shares or
certificates will be issued in connection with the Plan.  Rather, the Company will pay cash in lieu of
any fraction of a share which any Stockholder would otherwise receive.  The price for such fractional shares will be
the price per share of New Common Stock in the Public Offering.

 

(b)               Stock Split.  On the Effective Date, at the option of the
Board, either (i) the Existing Preferred Stock and Existing Common Stock
may be split or reverse split into a larger or smaller number of shares of the
same class and series or (ii) if the conversion of Existing Preferred
Stock and Existing Common Stock into New Common Stock has occurred,  the New Common Stock may be split or reverse
split into a larger or smaller number of shares of New Common Stock, in each
case at a ratio to be determined by the Board, all in its sole discretion.

 

5.                 Miscellaneous

 

(a)                No Waiver of
Approval Rights.  By
approving the Plan, the holders of the Existing Preferred Stock are not waiving
any approval rights under the Certificate of Designation for the Existing
Preferred Stock, including approval over issuances or repurchases of shares
pursuant to Section C(c) of such Certificate of Designations.

 

(b)               Termination of
the Plan.  At any time
prior to the Effective Date, the Board may, in its sole discretion, elect to
terminate the Plan. If all conditions set forth in Section 3 hereof are
not satisfied on or before December 31, 2011, or if the Board should
sooner determine, for any reason, not to proceed with the Plan, this Plan will
terminate.  No person shall have any
rights or claims against the Company, the Board or any officers, employees or
representatives of the Company or any subsidiaries of the Company in the event
the Plan is terminated.

 

(c)                Amendment to
the Plan.  The Plan
may not be amended by the Board without the approval of the Stockholders in
accordance with the DGCL, either by written consent or at a special meeting of
the Stockholders.

 

(d)               Right to Rely
upon Documents Deemed Genuine.  The Company, the Board, and the directors,
officers and employees of the Company or its subsidiaries shall have the right
to rely upon documents and records deemed in good faith to be genuine,
authorized or properly executed and shall incur no liability or obligation for
acting in reliance thereon.

 

5

 

(e)                Governing Law.  The Plan, and the rights and obligations of
all parties under the Plan, will be governed by and construed in accordance
with the internal laws of the State of Delaware.

 

Dated April 14, 2008.

 

 

	
   

  	
  Global
  Geophysical Services, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /S/
  Richard A. Degner

  
	
   

  	
   

  	
  Richard
  A. Degner, President

  

 

6

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