Document:

Supplemental Indenture

 Exhibit 4.1 
 Execution Copy 
 SUPPLEMENTAL INDENTURE 
 THIS SUPPLEMENTAL INDENTURE (the “Supplemental Indenture”), dated as of January 31, 2007, is entered into by and among Seitel,
Inc., a Delaware corporation (the “Company”), the subsidiary guarantors listed on the signature page hereto (each a “Subsidiary Guarantor” and collectively, the “Subsidiary Guarantors”) and LaSalle
Bank National Association, as trustee (the “Trustee”). 
 Recitals 
 A. Seitel Acquisition Corp., a Delaware corporation (“Acquisition Corp.”), Seitel Holdings, LLC, a Delaware limited liability company
(“Holdco”) and the Company have entered into that certain Agreement and Plan of Merger (“Merger Agreement”), dated as of October 31, 2006, pursuant to which Acquisition Corp. will merge with and into the
Company (the “Merger”), with the Company being the surviving company and a wholly-owned subsidiary of Holdco. 
 B. The
Company, the Subsidiary Guarantors and the Trustee are parties to that certain Indenture dated July 2, 2004 (the “Indenture”), which Indenture governs the 11.75% Senior Notes due 2011 (the “Notes”), issued by
the Company. 
 C. Acquisition Corp. commenced a cash tender offer (the “Offer”) to acquire all of the outstanding Notes of
the Company, upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated January 17, 2007 (the “Statement”) and the related Letter of Transmittal and Consent dated
January 17, 2007 (the “Letter of Transmittal”). 
 D. The completion of the Merger Agreement and the Offer is
contingent upon the Company, the Subsidiary Guarantors and the Trustee entering into, executing and delivering the Supplemental Indenture. 
 E. Acquisition Corp. has solicited (the “Solicitation”) from the Holders of the Notes consents (the “Consents”) to amend certain provisions of the Indenture to eliminate or make less restrictive
substantially all of the restrictive covenants and certain of the Events of Default, to amend certain covenants that are triggered or implicated by the Merger or the Merger Agreement, and to make changes to certain terms of the defeasance provisions
(the “Proposed Amendments”). 
 F. Pursuant to the Solicitation, Acquisition Corp. has obtained from the Holders of Notes
such number of Consents (excluding with respect to any Notes owned by the Company or any of its affiliates) as are sufficient in accordance with Section 9.02 of the Indenture to approve the Proposed Amendments. 
  

 G. The Offer and the Solicitation (including as to Proposed Amendments) are conditioned upon (together,
the “Conditions”) the “Requisite Consents Condition,” the “Minimum Tender Condition” and the “Acquisition Condition” (as such terms are defined in the Statement and Letter of Transmittal) and such
additional conditions as are set forth in the Statement and the Letter of Transmittal. 
 H. The Company desires to execute and deliver, and
has requested the Trustee to join with the Company and the Subsidiary Guarantors in the execution and delivery of, this Supplemental Indenture for the purpose of amending the Indenture to effect the Proposed Amendments. However, the amendments set
forth in this Supplemental Indenture shall not become effective or operative until the conditions set forth in the Statement have been satisfied and the Notes tendered in connection with the Offer and Solicitation are accepted for purchase by the
Company (the “Acceptance Date”). 
 I. Pursuant to Section 9.02 of the Indenture, the Trustee is authorized to execute
and deliver this Supplemental Indenture. 
 Agreement 
 Now therefore, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, the Subsidiary Guarantors and the Trustee covenant and agree as
follows: 
 1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the
Indenture. 
 2. Proposed Amendments. Effective as of, and subject to, the Acceptance Date, the Indenture is hereby amended as
follows: 
 (a) The section headings or captions and the text of each of the following Sections of the Indenture are hereby
deleted in their entirety and replaced with the phrase “[Intentionally Omitted]”: Section 4.04 (Payment of Taxes); Section 4.05 (Maintenance of Properties and Insurance); Section 4.06 (Compliance Certificate; Notice of
Default); Section 4.07 (Conduct of Business); Section 4.08 (Waiver of Stay, Extension or Usury Laws); Section 4.09 (Change of Control); Section 4.10 (Limitations on Additional Indebtedness); Section 4.12 (Limitations on
Restricted Payments); Section 4.13 (Limitations on Dividend and Other Restrictions Affecting Restricted Subsidiaries); Section 4.14 (Limitations on Transactions with Affiliates); Section 4.15 (Limitations on Liens); Section 4.16
(Limitations on Asset Sales); Section 4.18 (Limitations on Sale and Leaseback Transactions); Section 4.19 (Limitations on the Issuance or Sale of Equity Interests of Restricted Subsidiaries); Section 4.20 (Additional Note Guarantees);
Section 4.21 (Reports); and Section 4.23 (Limitations on Capital Expenditures). 
 (b) Section 4.03 (Corporate
Existence) is hereby amended to read in its entirety as set forth on Schedule A hereto. 
  

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 (c) Section 4.17 (Limitations on Designation of Unrestricted Subsidiaries) is hereby
amended to read in its entirety as set forth on Schedule B hereto. 
 (d) Section 5.01 (Mergers, Consolidations,
Etc.) is hereby amended to read in its entirety as set forth on Schedule C hereto. 
 (e) Section 6.01 (Events of
Default) is hereby amended to read in its entirety as set forth on Schedule D hereto. 
 (f) Section 8.03
(Conditions to Legal Defeasance or Covenant Defeasance) is hereby amended to read in its entirety as set forth on Schedule E hereto. 
 (g) All references in the Indenture to provisions that have been deleted as a result of the amendments set forth in this Supplemental Indenture are also hereby deleted in their entirety. 
 3. Effect and Operation of Supplemental Indenture. 
 (a) This Supplemental Indenture shall be effective and binding immediately upon its execution by the Parties but, notwithstanding anything in the Indenture or this Supplemental Indenture to the contrary, the
amendments to the Indenture set forth in or pursuant to Section 2 of this Supplemental Indenture shall not become operative until the Acceptance Date and the Indenture will remain in effect in its current form until such amendments
become operative. If the Offer and the Solicitation are terminated, withdrawn or otherwise not completed on or before June 30, 2007, this Supplemental Indenture will have no force or effect and the amendments to the Indenture set forth in or
pursuant to Section 2 of this Supplemental Indenture will not become operative. 
 (b) Except as modified or amended by
this Supplemental Indenture, all provisions of the Indenture shall remain in full force and effect. In the event of conflict between the terms and conditions contained in the Notes and those contained in the Indenture, as modified and amended by
this Supplemental Indenture, the provisions of the Indenture, as modified and amended by this Supplemental Indenture, shall control. 
 (c) The Trustee accepts the modification of the Indenture effected by this Supplemental Indenture, but only upon the terms and conditions set forth in the Indenture. Without limiting the generality of the foregoing, the Trustee assumes no
responsibility for the correctness of the recitals herein contained, which shall be taken as the statements of the Company. The Trustee makes no representation and shall have no responsibility as to the validity and sufficiency of this Supplemental
Indenture or the proper authorization or the due execution hereof by the Company. 
 (d) Except as expressly amended in or
pursuant to Section 2 of this Supplemental Indenture, the Indenture is in all respects ratified and confirmed by the Parties and all the terms, conditions and provisions thereof shall remain in full force and effect. This 

  

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Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered
shall be bound hereby. 
 4. Interpretation. Upon the execution and delivery of this Supplemental Indenture, the Indenture shall be
modified and amended in accordance with this Supplemental Indenture as of (and subject to) the Acceptance Date, and all the terms and conditions of the Indenture and this Supplemental Indenture shall be read together as though they constitute one
instrument, except that, in case of conflict, the provisions of this Supplemental indenture shall control. The Indenture, as modified and amended by this Supplemental Indenture, is hereby ratified and confirmed in all respects and shall bind every
Holder of the Notes. 
 5. Governing Law. This Supplemental Indenture will be governed by and construed in accordance with the laws of
the State of New York. 
 6. Counterparts. This Supplemental Indenture may be executed in one or more counterparts, each of which
shall be an original, but all of which together shall constitute one and the same document. 
 7. Effect of Headings. The Section
headings herein are for convenience only and shall not affect the construction hereof. 
 8. Conflict with Trust Indenture Act. If any
provision in this Supplemental Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act of 1939, as amended (the “TIA”), that is required under the TIA to be a part of or govern any provision of this
Supplemental Indenture, such provision of the TIA shall control. If any provision of this Supplemental Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, such provision of the TIA shall be deemed to apply to
the Indenture as so modified or excluded by this Supplemental Indenture, as the case may be. 
 10. Separability Clause. In case any
provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 11. Indenture Generally. Except as supplemented herein, the Indenture remains in full force and effect. 
  

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 In witness whereof, each of the parties has caused this Supplemental Indenture to be executed as of the
date first written above by their respective officers thereunto duly authorized. duly executed and attested, all as of the date first above written. 
  

			
	 SEITEL, INC.

		
	By:	 	/s/ Robert D. Monson
	 Name:
	 	 Robert D. Monson

	 Title:
	 	Chief Executive Officer
		
		 	
	 GUARANTORS:

	 DATATEL, INC.

	 DDD ENERGY, INC.

	 MATRIX GEOPHYSICAL, INC.

	 SEIC, INC.

	 SEITEL CANADA HOLDINGS, INC.

	 SEITEL DELAWARE, INC.

	 SEITEL IP HOLDINGS, LLC

	 SEITEL MANAGEMENT, INC.

	 SEITEL OFFSHORE CORP.

	 SEITEL SOLUTIONS, INC.

	 SEITEL SOLUTIONS, L.L.C

	 SEITEL SOLUTIONS HOLDINGS, LLC

	 N360X, LLC

	 SEITEL DATA LTD.

	 SEITEL SOLUTIONS LTD.

	 SI HOLDINGS, G.P.

		
	By:	 	/s/ Robert D. Monson
	 Name:
	 	 Robert D. Monson

	 Title:
	 	 Executive Vice President

		 	
	
	 SEITEL DATA CORP.

	
	
		
	By:	 	/s/ Darryl E. Smith
	 Name:
	 	 Darryl E. Smith

	 Title:
	 	 Vice President

			
	 LASALLE BANK NATIONAL ASSOCIATION,
 as
Trustee

		
	 By:
	 	/s/ Victoria Y. Douyon
	 Name:
	 	 Victoria Y. Douyon

	Title:	 	First Vice President

  
  
  

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 Schedule A 
 SECTION 4.03. Corporate Existence. 
 Except as otherwise permitted by Article Five, the Issuer shall do or
cause to be done all things reasonably necessary to preserve and keep in full force and effect its corporate existence and the corporate, partnership or other existence of each of its Restricted Subsidiaries, provided, however, that the Issuer shall
not be required to preserve any such corporate, partnership or other existence with respect to itself or any Restricted Subsidiary, if the loss thereof would not, individually or in the aggregate, have a material adverse effect on the Issuer and the
Guarantors, taken as a whole. 
  

 Schedule B 
 4.17. Limitations on Designation of Unrestricted Subsidiaries. 
 The Issuer may designate any Subsidiary (including any newly
formed or newly acquired Subsidiary) of the Issuer as an “Unrestricted Subsidiary” under this Indenture (a “Designation”) only if no Default shall have occurred and be continuing at the time of or after giving effect to
such Designation. 
 The Issuer may redesignate an Unrestricted Subsidiary as a Restricted Subsidiary (a “Redesignation”)
only if no Default shall have occurred and be continuing at the time of and after giving effect to such Redesignation. 
  

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 Schedule C 
 SECTION 5.01. Mergers, Consolidations, Etc.  
 The Issuer will not, directly or indirectly, in a single transaction or a
series of related transactions, (a) consolidate or merge with or into another Person (other than a merger with an Affiliate solely for the purpose of and with the effect of changing the Issuer’s jurisdiction of incorporation to another
State of the United States), or sell, lease, transfer, convey or otherwise dispose of or assign all or substantially all of the assets of the Issuer or the Issuer and the Restricted Subsidiaries (taken as a whole) or (b) adopt a Plan of
Liquidation unless, in either case, either (i) the Issuer will be the surviving or continuing Person; or (ii) the Person formed by or surviving such consolidation or merger or to which such sale, lease, conveyance or other disposition
shall be made (or, in the case of a Plan of Liquidation, any Person to which assets are transferred) (collectively, the “Successor”) is an entity organized and existing under the laws of any State of the United States of America or
the District of Columbia, and the Successor expressly assumes, by supplemental indenture in form and substance reasonably satisfactory to the Trustee, all of the obligations of the Issuer under the Notes, this Indenture and the Registration Rights
Agreement; provided that at any time the Successor is a Person other than a corporation, there shall be a co-issuer of the Notes that is a corporation that satisfies the requirements of clause (ii) of this covenant. 
 Except as provided in Section 10.04, no Guarantor may consolidate with or merge with or into (whether or not such Guarantor is the surviving Person)
another Person, unless: 
 (1) either: 
 (a) such Guarantor will be the surviving or continuing Person; or 
 (b) the Person formed by or surviving any such consolidation or merger is another Guarantor or assumes, by supplemental indenture in form
and substance reasonably satisfactory to the Trustee, all of the obligations of such Guarantor under the Note Guarantee of such Guarantor, this Indenture and the Registration Rights Agreement; and 
 (2) immediately after giving effect to such transaction, no Default shall have occurred and be continuing. 
 For purposes of the foregoing, the transfer (by lease, assignment, sale or otherwise, in a single transaction or series of transactions) of all or
substantially all of the properties or assets of one or more Restricted Subsidiaries, the Equity Interests of which constitute all or substantially all of the properties and assets of the Issuer, will be deemed to be the transfer of all or
substantially all of the properties and assets of the Issuer. 
  

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 Upon any consolidation, combination or merger of the Issuer or a Guarantor, or any transfer of all or
substantially all of the assets of the Issuer in accordance with the foregoing, in which the Issuer or such Guarantor is not the continuing obligor under the Notes or its Note Guarantee, the surviving entity formed by such consolidation or into
which the Issuer or such Guarantor is merged or to which the conveyance, lease or transfer is made will succeed to, and be substituted for, and may exercise every right and power of, the Issuer or such Guarantor under this Indenture, the Notes and
the Note Guarantees with the same effect as if such surviving entity had been named therein as the Issuer or such Guarantor and, except in the case of a conveyance, transfer or lease, the Issuer or such Guarantor, as the case may be, will be
released from the obligation to pay the principal of and interest on the Notes or in respect of its Note Guarantee, as the case may be, and all of the Issuer’s or such Guarantor’s other obligations and covenants under the Notes, this
Indenture and its Note Guarantee, if applicable. 
 Notwithstanding the foregoing, any Restricted Subsidiary may consolidate with, merge with
or into or convey, transfer or lease, in one transaction or a series of transactions, all or substantially all of its assets to the Issuer or another Restricted Subsidiary. 
  

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 Schedule D 
 SECTION 6.01. Events of Default. 
 Each of the following is an “Event of Default”: 
 (1) failure by the Issuer to pay interest on any of the Notes when it becomes due and payable and the continuance of any such failure for
30 days; 
 (2) failure by the Issuer to pay the principal on any of the Notes when it becomes due and payable, whether at
Stated Maturity, upon redemption, upon purchase, upon acceleration or otherwise; 
 (3) failure by the Issuer to comply with
Section 5.01 or in respect of its obligations to make an Excess Cash Flow Offer as described under Section 4.22; 
 (4) Intentionally Omitted 
 (5) Intentionally Omitted 
 (6) Intentionally Omitted 
 (7) the Issuer or any Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law: 
 (a) commences a voluntary case, 
 (b) consents to the entry of an order for relief against it
in an involuntary case, 
 (c) consents to the appointment of a Custodian of it or for all or substantially all of its assets,
or 
 (d) makes a general assignment for the benefit of its creditors; 
 (8) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (a) is for relief against the Issuer or any Significant Subsidiary as debtor in an involuntary case, 
 (b) appoints a Custodian of the Issuer or any Significant Subsidiary or a Custodian for all or substantially all of the assets of the
Issuer or any Significant Subsidiary, or 
  

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 (c) orders the liquidation of the Issuer or any Significant Subsidiary, and the order or
decree remains unstayed and in effect for 60 days; or 
 (9) any Note Guarantee of any Significant Subsidiary ceases to be in
full force and effect (other than in accordance with the terms of such Note Guarantee and this Indenture) or is declared null and void and unenforceable or found to be invalid or any Guarantor denies its liability under its Note Guarantee (other
than by reason of release of a Guarantor from its Note Guarantee in accordance with the terms of this Indenture and the Note Guarantee). 
 (10) Intentionally Omitted 
  

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 Schedule E 
 SECTION 8.03. Conditions to Legal Defeasance or Covenant Defeasance. 
 The following shall be the conditions to the
application of either Section 8.02(b) or 8.02(c) hereof to the outstanding Notes: 
 (1) the Issuer must irrevocably
deposit with the Trustee, in trust, for the benefit of the Holders, U.S. Legal Tender, U.S. Government Obligations or a combination thereof, in such amounts as will be sufficient (without reinvestment), in the opinion of a nationally recognized firm
of independent public accountants selected by the Issuer, to pay the principal of and interest on the Notes on the stated date for payment or on the Redemption Date of the principal or installment of principal of or interest on the Notes,

 (2) no Default shall have occurred and be continuing on the date of such deposit (other than a Default resulting from the
borrowing of funds to be applied to such deposit), 
 (3) the Legal Defeasance or Covenant Defeasance shall not result in a
breach or violation of, or constitute a Default under this Indenture or a default under any other material indenture or senior credit agreement or instrument to which the Issuer or any of its Subsidiaries is a party or by which the Issuer or any of
its Subsidiaries is bound (other than any such Default or default resulting solely from the borrowing of funds to be applied to such deposit), and 
 (4) the Issuer shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that the conditions provided for in, in the case of the Officers’ Certificate, clauses
(1) through (3) and, in the case of the Opinion of Counsel, clause (3) of this Section 8.03 have been complied with. 
  

 7Agreement between Seagate Technology and Stephen J. Luczo

 EXHIBIT 10.2(d) 
 AGREEMENT 
 Stephen J. Luczo 
 This AGREEMENT (“Agreement”) is entered into as of the 26th day of October 2006, by and between Seagate Technology, a limited company domiciled
in the Cayman Islands (“Company”), and Stephen J. Luczo (“Luczo”). 
 Luczo and a subsidiary of the Company, Seagate
Technology (US) Holdings, Inc., a Delaware corporation (“ST US”) previously entered into an amended and restated employment agreement, dated July 3, 2004 (the “Employment Agreement”) pursuant to which Luczo, in relevant
part, has been employed as an executive officer of the Company and ST US and as executive Chairman of the Board of Directors of the Company. 
 Effective as of the close of business on October 26, 2006 (the “Commencement Time”), the Company and Luczo (collectively, the “Parties”) have agreed that (i) the Employment Agreement shall terminate and no
longer be of any force or effect and (ii) Luczo will no longer serve as an employee or officer of the Company or ST US, or serve in any other position with the Company, ST US, or any of their affiliates, except that Luczo will continue to serve
as Chairman of the Board of Directors of the Company, in a non-executive capacity, pursuant to the terms of this Agreement. 
 In
consideration of the promises and mutual covenants herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 1. Term of Employment. At the Commencement Time, Luczo shall no longer serve as an employee or officer of the Company or ST US, or serve in any
other position with the Company, ST US, or any of their affiliates, except that Luczo shall continue to serve as Chairman of the Board of Directors of the Company in a non-executive capacity. Luczo’s employment with the Company and ST US will
terminate for all purposes as of the Commencement Time. Luczo’s service as non-executive Chairman of the Board of Directors of the Company following the Commencement Time shall continue in accordance with provisions of the Company’s
governing documents and the law of the Cayman Islands. 
 2. Position. Luczo shall serve as the non-executive Chairman of the Board of
Directors of the Company (“Chairman”). In such position, Luczo shall have duties and authority at a level consistent with such position and such other duties and responsibilities as shall be determined from time to time by the Board of
Directors of the Company (the “Board”), so long as any such determinations are consistent with the Company’s governing documents and the law of the Cayman Islands. 
 3. Termination of Employment. Luczo acknowledges and agrees that for all purposes (including under the Employment Agreement or otherwise),
Luczo’s employment with the Company and ST US will terminate effective as of the Commencement Time, at which time Luczo will transition into his position as non-executive Chairman of the Board. Luczo further agrees that none of the execution of
this Agreement, the cessation of Luczo’s service as an employee and officer of the Company and ST US, the cessation of any other service with the Company, ST US or any of their affiliates pursuant to this Agreement, or the performance of
Luczo’s services as non-executive Chairman on and after the Commencement Time under the Agreement will entitle Luczo to any payment or benefit under any plan, program, arrangement or agreement with the Company, ST US or any of their respective
affiliates other than as expressly set forth herein or as provided under the terms of the Company’s 2004 Stock Compensation Plan (“2004 Plan”). 
 4. Directors Fees; Equity Awards. During the period commencing as of July 1, 2006 and ending on the date that Luczo’s service as a member of the Board ceases (the “Term”), Luczo shall be
entitled to receive (i) an annual cash retainer and other cash directors’ fees payable generally to non-management members of the Board, with such amounts payable at such times as such amounts are paid to non-management members of the
Board generally, and (ii) for so long as Luczo remains non-executive Chairman of the Board, an additional annual retainer in the amount of $150,000, payable in equal quarterly installments (collectively, the “Directors Fees”). 

 
The Company and Luczo agree that the Company shall pay to Luczo at the Commencement Time the quarterly installments of the Directors Fees payable during that
portion of the Term that elapsed prior to the Commencement Time. Luczo acknowledges and agrees that the Directors Fees shall be Luczo’s only cash remuneration during the Term, and that Luczo shall have no right to any bonus compensation in
respect of the fiscal year ending June 29, 2007 or any subsequent fiscal year. Nothing herein shall affect Luczo’s right to any bonus or other compensation for the fiscal year ending June 30, 2006. Pursuant to the terms and conditions
of the 2004 Plan, as amended from time to time (and/or any subsequent or successor plan), from and after the Commencement Time, Luczo shall be entitled to receive such equity awards as generally granted each year to members of the Board who are not
employees of the Company. 
 5. Benefits. During the Term, Luczo shall be provided with the use of an office at the Company’s
corporate offices in Scotts Valley, California and the services of an administrative assistant to the extent reasonably necessary to support Luczo in his role as an outside director and Chairman of the Board. In addition, during the Term, Luczo
shall be entitled to the use for personal reasons of the Company’s corporate aircraft and car service (so long as such aircraft and/or car service are not being used in the business of the Company and are otherwise available); provided that
Luczo reimburses the Company for the Company’s full cost associated with any such use (as reasonably determined by the Company). 
 6.
Business Expenses. During the Term, reasonable business expenses incurred by Luczo in the performance of Luczo’s duties hereunder shall be reimbursed by the Company in accordance with Company policies. 
 7. Miscellaneous. 
 a. Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the Cayman Islands, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof. 
 b. Entire Agreement/Amendments. This Agreement contains the entire understanding of the Parties with respect to the service of Luczo with the
Company, and this Agreement supersedes all prior agreements and understandings (including the Employment Agreement and any verbal agreements) between Luczo and the Company, ST US and/or its affiliates regarding the terms and conditions of
Luczo’s employment with the Company, ST US and/or its affiliates. There are no restrictions, agreements, promises, warranties, covenants or undertakings between the Parties with respect to the subject matter herein other than those expressly
set forth herein. This Agreement may not be altered, modified, or amended except by written instrument signed by the Parties. 
 c. No
Waiver. The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict
adherence to that term or any other term of this Agreement. 
 d. Severability. In the event that any one or more of the provisions
of this Agreement shall be or become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected thereby. 
 e. Assignment. This Agreement shall not be assignable by Luczo. This Agreement may be assigned by the Company to a person or entity which is an
affiliate or a successor in interest to substantially all of the business operations of the Company. Upon such assignment, the rights and obligations of the Company hereunder shall become the rights and obligations of such affiliate or successor
person or entity. 
 f. Set Off. The Company’s obligation to pay Luczo the amounts provided and to make the arrangements
provided hereunder shall be subject to set-off, counterclaim or recoupment of amounts owed by Luczo to the Company or its affiliates. 
 g.
Successors; Binding Agreement. This Agreement shall inure to the benefit of and be binding upon personal or legal representatives, executors, administrators, successors, heirs, distributes, devises and legatees. 

 h. Notice. For the purpose of this Agreement, notices and all other communications provided for
in the Agreement shall be in writing and shall be deemed to have been duly given when delivered by hand or overnight courier or three days after it has been mailed by United States registered mail, return receipt requested, postage prepaid,
addressed to the respective addresses set forth below, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt.

 If to the Company: 
 Seagate
Technology 
 920 Disc Drive 
 Scotts Valley, CA 95066 
 Attention: General Counsel 
 If to Luczo: To the most recent address of Luczo set forth in the records of the Company. 
 i. Luczo
Representation. Luczo hereby represents to the Company that the execution and delivery of this Agreement by Luczo and the Company and the performance by Luczo of Luczo’s duties hereunder shall not constitute a breach of, or otherwise
contravene, the terms of any agreement or policy to which Luczo is a party or otherwise bound. 
 j. Cooperation. Luczo shall provide
his reasonable cooperation in connection with any action or proceeding (or any appeal from any action or proceeding) that relates to events occurring during Luczo’s service hereunder or prior employment with the Company and/or ST US. This
provision shall survive any termination of this Agreement. 
 k. Withholding Taxes. The Company may withhold from any amounts payable
under this Agreement such Federal, state, local and other taxes as may be required to be withheld pursuant to any applicable law or regulation. 
 l. Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written. 
  

			
	SEAGATE TECHNOLOGY
	
	 /s/ William D. Watkins

	By:	 	William D. Watkins
	Title:	 	Chief Executive Officer

  

	
	 /s/ Stephen J. Luczo

	Stephen J. Luczo

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