Document:

First Amendment to the Amended and Restated Credit and Security  Agreement

 Exhibit 10.3 
 FIRST AMENDMENT TO AMENDED AND RESTATED 
 CREDIT AND SECURITY AGREEMENT

 PREAMBLE. This First Amendment to Amended and Restated Credit and Security Agreement (this “Amendment”), dated as of February 13,
2006 (the “Amendment Date”), is made among (i) OMNI ENERGY SERVICES CORP., a Louisiana corporation (“Parent Company”); AMERICAN HELICOPTERS INC., a Texas corporation (“AHI”); OMNI ENERGY SERVICES CORP.-MEXICO, a
Louisiana corporation (“Omni Mexico”); OMNI PROPERTIES CORP., a Louisiana corporation (“Omni Properties”); OMNI OFFSHORE AVIATION CORP., a Louisiana corporation (“Omni Offshore”); OMNI LABOR CORPORATION, a Louisiana
corporation, formerly known as OMNI SEISMIC AVIATION CORP. (“Omni Labor”); OMNI ENERGY SEISMIC SERVICES CORP., a Louisiana corporation (“Omni Energy”); (ii) TRUSSCO, INC., a Louisiana corporation (“Trussco”) and
TRUSSCO PROPERTIES, LLC, a Louisiana limited liability company (“Trussco Properties”; Trussco Properties Trussco, Omni Energy, Omni Labor, Omni Offshore, Omni Properties, Omni Mexico, AHI and Parent Company herein called, collectively,
“Initial Borrowers” and, individually, an “Initial Borrower”); (iii) PREHEAT, INC., a Louisiana corporation (“Preheat”; Preheat, together with the Initial Borrowers, herein called, collectively,
“Borrowers” and, individually, a “Borrower”); and (iv) WEBSTER BUSINESS CREDIT CORPORATION, a corporation organized under the laws of the State of New York (“WBCC”), individually, as lender hereunder and as agent
for itself and each other Lender Party (as hereinafter defined) (WBCC, acting in both such capacities, herein called “Lender”), for the purpose of amending the Amended and Restated Credit and Security Agreement, dated as of May 18,
2005, between Initial Borrowers and Lender (herein, as modified and amended to date, pursuant to the “First Consent” and the “Second Consent,” as each of those terms is defined below, as further amended hereby, and as it may be
further modified or amended from time to time hereafter, called the “Credit Agreement”) in order to reflect the acquisition by Parent Company of the Capital Stock of New Borrower and the joinder of Preheat as a Borrower under the Credit
Agreement, among other purposes. 
 1. Definitions. Capitalized terms used in this Amendment, but not expressly defined herein, shall
have the same meanings as given to such terms in the Credit Agreement or, as applicable, in the First Consent and the Second Consent. 
 2.
Amendments. 
 2.1. Definitions. The following new definitions shall be added to Annex One of the Credit
Agreement in the correct alphabetical order: 
 “First Consent” shall mean the Consent, dated as of
July 29, 2005, made between Lender and the Initial Borrowers, modifying and amending the terms of the Credit Agreement to reflect (among other things) the consent of Lender to the “Rotorcraft Sale” (as that term is defined therein).

 “Preheat” shall mean Preheat, Inc., a Louisiana corporation. 
 “Preheat Acquisition” shall mean the acquisition of all Equity Interests in Preheat by the Parent Company from the
Preheat Sellers pursuant to the Preheat Acquisition Agreement. 

 “Preheat Acquisition Agreement” shall mean the Purchase and Sale
Agreement, dated as of December 29, 2005, made among Parent Company, Preheat and the Preheat Sellers, together with all Schedules and Exhibits thereto. 
 “Preheat Sellers” means the “Shareholders,” as that term is defined in the Preheat Acquisition Agreement.

 “Preheat Sellers Debt” shall mean, the Indebtedness evidenced by (i) “Seller Note
No. 1” (as that term is defined in the Preheat Acquisition Agreement); and (ii) “Seller Note No. 2” (as that term is defined in the Preheat Acquisition Agreement). 
 “Preheat Sellers Debt Subordination Agreement” shall mean the Subordination Agreement, dated not later than the Amendment
Date, among Borrowers, Preheat Sellers and Lender in respect of the subordination of the Preheat Sellers Debt. 
 “Second Consent” shall mean the Consent, dated August 26, 2005, made between Lender and the Initial Borrowers, modifying and amending the terms of the Credit Agreement to reflect (among other things) the consent of
Lender to the entry by the Initial Borrowers into the “Junior Credit Agreement” (as that term is defined therein) and the incurrence for certain Indebtedness thereunder. 
 In addition, henceforth, the term “GECC,” as defined and used in the Credit Agreement and the Other Documents, shall mean and refer to “ORIX FINANCE CORP., as successor-in-interest to GECC, having
heretofore obtained a full assignment from GECC of all GECC Debt.” 
 2.2. Acquisition of Preheat. In reference to
Section 7.5, Section 7.9 and Section 7.12 of the Credit Agreement which restrict, respectively, the purchase of Equity Interests in a Person, the incurrence of Subordinated Debt, other than Permitted Subordinated Debt, and the
creation or acquisition of any Subsidiary, Lender does hereby consent to the Preheat Acquisition, the addition of Preheat as a Subsidiary of Parent Company and the incurrence by Parent Company of the Preheat Sellers Debt as Permitted Subordinated
Debt (herein, collectively, the “Related Transactions”) subject, however, to the following terms, covenants and conditions: (i) the Preheat Acquisition shall have been consummated not later than the Amendment Date
and on substantially the terms set forth in the Preheat Acquisition Agreement; (ii) Preheat shall have been joined to the Credit Agreement and the Other Documents as a “Borrower” thereunder in conformity with Section 7.12 of the
Credit Agreement; (iii) all Equity Interests of Preheat owned by Parent Company shall have been pledged by Parent Company to Lender in conformity with the Subsidiary Pledge Agreement; (iv) the holders of the Preheat Sellers Debt shall have
entered into the Preheat Sellers Debt Subordination Agreement with Lender on terms satisfactory to Lender; and (v) the Junior Lenders and the GECC Lenders shall have consented to the Related Transactions on terms satisfactory to Lender. In
respect of the foregoing clause (i), the Parent Company hereby certifies to Lender that the Preheat Acquisition was consummated not later than the Amendment Date in substantially the terms set forth in the Preheat Acquisition Agreement and that, to
the knowledge of Parent, all representations and warranties of the Preheat Sellers set forth in the Preheat Acquisition Agreement continue to be true and correct in all material respects as of the Amendment Date. In respect of the foregoing clause
(ii), Preheat hereby agrees to join the Parent Company and its other Subsidiaries as a Borrower under the Credit Agreement and all other Other Documents, effective as of the Amendment Date, and Preheat hereby affirms all 

  

 2 

 
representations, warranties, covenants and agreements set forth therein as binding on, or applicable to, Borrowers as likewise binding on, and applicable to,
Preheat, including, particularly, but without limitation, (a) the joint and several liability of Preheat for all Obligations in accordance with Article XV of the Credit Agreement and (b) the present grant by Preheat to Lender of a security
interest in all Collateral as security for its payment of the Obligations pursuant to Article IV of the Credit Agreement. In respect of the foregoing clause (iii), the Parent Company acknowledges that all Equity Interests in Preheat acquired by it
pursuant to the Preheat Acquisition are and shall be deemed pledged automatically to Lender as additional security for the payment of the Obligations pursuant to the Subsidiary Pledge Agreement subject to the terms and limitations set forth therein
as they relate to the prior pledge thereof to the GECC Lenders. 
 2.3. Modifications to Financial Covenants. Existing
Sections 8.2, 8.3, 8.4 and 8.5 of the Credit Agreement are deleted, each in its entirety, and the following revised Sections 8.2, 8.3, 8.4 and 8.5 are substituted in their place: 
 8.2. Fixed Charge Coverage Ratio. Maintain as of the ending of each of its Fiscal Quarters specified below, beginning with the
Fiscal Quarter ending March 31, 2005, a Fixed Charge Coverage Ratio for the four (4) Fiscal Quarters then ending, of not less than the amount specified below corresponding to such Fiscal Quarter. 
  

			
	 	  	 Ratio

	 March 31, 2005
	  	1.20 to 1.00
	 June 30, 2005
	  	1.20 to 1.00
	 September 30, 2005
	  	1.20. to 1.00
	 December 31, 2005
	  	1.25 to 1.00
	 March 31, 2006
	  	1.25 to 1.00
	 June 30, 2006
	  	1.25 to 1.00
	 September 30, 2006
	  	1.30 to 1.00
	 December 31, 2006
	  	1.30 to 1.00
	 March 31, 2007
	  	1.30 to 1.00
	 June 30, 2007
	  	1.30 to 1.00
	 September 30, 2007
	  	1.30 to 1.00
	 December 31, 2007
	  	1.30 to 1.00
	 March 31, 2008
	  	1.35 to 1.00
	 June 30, 2008
	  	1.35 to 1.00
	 September 30, 2008
	  	1.35 to 1.00
	 December 31, 2008
	  	1.35 to 1.00
	 March 31, 2009
	  	1.35 to 1.00
	 June 30, 2009
	  	1.35 to 1.00
	 September 30, 2009
	  	1.35 to 1.00
	 December 31, 2009
	  	1.35 to 1.00
	 March 31, 2010
	  	1.35 to 1.00

 8.3. Capital Expenditures. Not contract for, purchase or make any Capital
Expenditure in any Fiscal Year specified below 

  

 3 

 
which would cause total Capital Expenditures to exceed the amount specified below corresponding to such Fiscal Year. 
  

					
	 Fiscal Year
	  	 Maximum
 Capital
 Expenditure
	  	 Post-Acquisition
 Maximum
 Capital
 Expenditure

	 2005
	  	$2,400,000	  	$3,000,000
	 2006
	  	$2,400,000	  	$3,000,000
	 2007
	  	$2,400,000	  	$3,000,000
	 2008
	  	$2,400,000	  	$3,000,000
	 2009
	  	$2,400,000	  	$3,000,000
	 2010
	  	$600,000	  	$3,000,000

 8.4. Leverage Ratio. Fail to maintain a Leverage Ratio at the end of each of
its Fiscal Quarters specified below, beginning with the Fiscal Quarter ending March 31, 2005, of not more than the amount specified below corresponding to such Fiscal Quarter. 
  

			
	 Fiscal Quarter
 Ending
	  	 Maximum
 Leverage Ratio

	 March 31, 2005
	  	4.25 to 1.00
	 June 30, 2005
	  	4.25 to 1.00
	 September 30, 2005
	  	4.25 to 1.00
	 December 31, 2005
	  	4.25 to 1.00
	 March 31, 2006
	  	4.00 to 1.00
	 June 30, 2006
	  	4.00 to 1.00
	 September 30, 2006
	  	3.75 to 1.00
	 December 31, 2006
	  	3.75 to 1.00
	 March 31, 2007
	  	3.75 to 1.00
	 June 30, 2007
	  	3.75 to 1.00
	 September 30, 2007
	  	3.50 to 1.00
	 December 31, 2007
	  	3.50 to 1.00
	 March 31, 2008
	  	3.25 to 1.00
	 June 30, 2008
	  	3.25 to 1.00
	 September 30, 2008
	  	3.00 to 1.00
	 December 31, 2008
	  	3.00 to 1.00
	 March 31, 2009
	  	3.00 to 1.00
	 June 30, 2009
	  	3.00 to 1.00
	 September 30, 2009
	  	3.00 to 1.00
	 December 31, 2009
	  	3.00 to 1.00
	 March 31, 2010
	  	3.00 to 1.00

 8.5. EBITDA. Fail to maintain at the end of each of its Fiscal Quarters
specified below, beginning with the Fiscal Quarter ending March 31, 2005, an EBITDA of Borrowers for the relevant 

  

 4 

 
measurement period then ending of not less than the amount specified below corresponding to such measurement period: 
  

				
	 Fiscal Quarter
 Ending
	  	 Minimum
 EBITDA

	 March 31, 2005
	  	$	10,500,000
	 June 30, 2005
	  	$	10,500,000
	 September 30, 2005
	  	$	10,500,000
	 December 31, 2005
	  	$	10,500,000
	 March 31, 2006
	  	$	2,150,000
	 June 30, 2006
	  	$	5,100,000
	 September 30, 2006
	  	$	8,500,000
	 December 31, 2006
	  	$	11,500,000
	 March 31, 2007
	  	$	12,250,000
	 June 30, 2007
	  	$	12,750,000
	 September 30, 2007
	  	$	13,000,000
	 December 31, 2007
	  	$	13,000,000
	 March 31, 2008
	  	$	13,250,000
	 June 30, 2008
	  	$	13,500,000
	 September 30, 2008
	  	$	13,500,000
	 December 31, 2008
	  	$	13,500,000
	 March 31, 2009
	  	$	13,500,000
	 June 30, 2009
	  	$	13,500,000
	 September 30, 2009
	  	$	13,500,000
	 December 31, 2009
	  	$	13,500,000
	 March 31, 2010
	  	$	13,500,000

 For purposes hereof, the “relevant measurement period” shall be the four (4) Fiscal
Quarters then ended except that for the Fiscal Quarters ended March 31, 2006, June 30, 2006 and September 30, 2006, it shall be, instead, the one (1), two (2) and three (3) Fiscal Quarters, respectively, then ended.

 3. Conditions to Effectiveness. The amendments set forth hereinabove are further made contingent upon, and shall not become
effective, unless and until: (i) Borrowers shall have executed and/or delivered to Lender this Amendment; (ii) the Borrowers and the Preheat Sellers shall have executed and delivered to Lender the Preheat Sellers Debt Subordination
Agreement; (iii) Lender shall have received and been satisfied with the consents of the Junior Lenders and the GECC Lenders with regard to the Related Transactions; and (iv) Borrowers shall have remitted to WBCC, for its own account, a
fully earned, non-refundable amendment fee of Ten Thousand Dollars ($10,000), which Borrowers hereby authorize Lender to cause to be paid to itself by charging same as a Revolving Advance on the Amendment Date. 
  

 5 

 4. Effective Date. The amendments and modifications to the Credit Agreement set forth in this
Amendment shall be effective as of the Amendment Date (unless and except to the extent as otherwise may be expressly provided hereinabove). 
 5. No Other Changes. Except as expressly amended and modified hereby, the terms of the Credit Agreement shall remain unchanged and continue in full force and effect. 
 6. Other Document. This Amendment constitutes an Other Document and shall be governed and construed accordingly. 
 7. Inducements. To induce Lender to enter into this Amendment and perform hereunder, Borrowers hereby certify to Lender, with the understanding
and intent that Lender will rely hereon in so performing hereunder, that, as of the date of this Amendment, and after giving effect to the amendments set forth herein: (i) no Default or Event of Default exists; (ii) no right of set off,
counterclaim, cross-claim, defense or objection to Borrowers’ continued payment and performance of all Obligations exists; (iii) no consent or approval of any Person is required for Borrowers’ entry into and performance under this
Amendment which has not been obtained by Borrowers on or prior to the date hereof; and (iv) the Credit Agreement and the Other Documents continue to constitute Borrowers’ legal, valid, binding and enforceable obligations. Borrowers hereby
restate, renew and reaffirm all representations, warranties and covenants heretofore made by Borrowers under the Credit Agreement and the Other Documents, effective as of the date hereof. Borrowers further waive, release, relieve and discharge
Lender from any liability which it may have to any Borrower for any action (or inaction) heretofore taken (or failed to be taken) in respect of its entry into, and performance under, the Credit Agreement and all Other Documents. 
  

 6 

 Each of the parties has signed this Amendment as of the day and year first above written. 
  

			
	 “BORROWERS”

	
	 OMNI ENERGY SERVICES CORP.

		
	 By:
	 	 /s/ G. Darcy Klug

		 	 G. Darcy Klug

		 	 Executive Vice President

  

			
	 AMERICAN HELICOPTERS INC.

		
	 By:
	 	 /s/ G. Darcy Klug

		 	 G. Darcy Klug

		 	 Executive Vice President

  

			
	 OMNI ENERGY SERVICES CORP.-MEXICO

		
	 By:
	 	 /s/ G. Darcy Klug

		 	 G. Darcy Klug

		 	 Executive Vice President

  

			
	 OMNI PROPERTIES CORP.

		
	 By:
	 	 /s/ G. Darcy Klug

		 	 G. Darcy Klug

		 	 Executive Vice President

  

			
	 OMNI OFFSHORE AVIATION CORP.

		
	 By:
	 	 /s/ G. Darcy Klug

		 	 G. Darcy Klug

		 	 Executive Vice President

  

 7 

			
	 OMNI LABOR CORPORATION F/K/A

	 OMNI SEISMIC AVIATION CORP.

		
	 By:
	 	 /s/ G. Darcy Klug

		 	 G. Darcy Klug

		 	 Executive Vice President

  

			
	 OMNI ENERGY SEISMIC SERVICES CORP.

		
	 By:
	 	 /s/ G. Darcy Klug

		 	 G. Darcy Klug

		 	 Executive Vice President

  

			
	 TRUSSCO, INC.

		
	 By:
	 	 /s/ G. Darcy Klug

		 	 G. Darcy Klug

		 	 Executive Vice President

  

			
	 TRUSSCO PROPERTIES, LLC

		
	 By:
	 	 /s/ G. Darcy Klug

		 	 G. Darcy Klug

		 	 Executive Vice President

  

			
	 PREHEAT, INC.

		
	 By:
	 	 /s/ G. Darcy Klug

		 	 G. Darcy Klug

		 	 Executive Vice President

  

 8 

			
	 “LENDER”

	
	 WEBSTER BUSINESS CREDIT
 CORPORATION

		
	 By:
	 	 /s/ Arthur V. Lippens

		 	 Authorized Officer

  

 9Robert H. Rhyne, Jr. Employment Agreement

 Exhibit 10.4 
 ROBERT H. RHYNE, JR. 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (this “Agreement”) is made effective as of January 1, 2006, between Preheat, Inc. (“Preheat”), a
Louisiana limited liability company that is a wholly-owned subsidiary of OMNI Energy Services Corp. (“OMNI”) and Robert H. Rhyne, Jr., a resident of St. Martin Parish, Louisiana (“Employee”). In order to protect the goodwill of
Preheat and in consideration of the premises and the mutual covenants contained herein, the parties hereby agree as follows: 
 1.
Employment. Preheat hereby agrees to employ Employee and Employee hereby agrees to work for Preheat as a Manager or such other salaried, executive position as Preheat and Employee shall mutually agree. So long as Employee is employed by
Preheat, 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 Preheat. 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 Preheat and OMNI. 
 2. Term of Employment. Employee’s employment by Preheat pursuant to this Agreement shall continue in effect until December 31, 2007 (the “Initial Period”), which may be automatically
extended at the option of Preheat for one (1) additional twelve-month period (the “Additional Period”) commencing on January 1, 2008. 
 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 Preheat.

 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 and, if applicable, the Additional Period, Preheat shall pay Employee an
Annual Base Salary, payable semi-monthly, in equal semi-monthly installments at a rate equal to $120,000.00 per year. 
 (b)
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 law. 
 5. Fringe Benefits; Expenses. 
 (a) During the Employee’s 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. 
 (b) Preheat 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 Preheat’s and OMNI’s policies as are in effect and are
made known to Employee. 
 (c) During the Employee’s term of employment, Employee shall be entitled to 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 Preheat’s and OMNI’s policies in effect for 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. 
 6. Termination or Non-Renewal of Employment. 
 (a) Termination by Preheat Without
Cause. Preheat may terminate Employee’s employment hereunder at any time during the term of this Agreement Without Cause by delivery of thirty (30) days prior written notice by Preheat to Employee. After such termination of employment,
Preheat shall pay: (i) the Annual Base Salary then in effect in semi-monthly payments and in accordance with Preheat’s normal payroll practices for the remainder of the Initial Period if Employee is terminated during the Initial Period,
and (ii) vacation pay earned during the current year but not taken to the date of such termination. Upon termination of Employee’s employment hereunder, Employee shall be deemed to have resigned from all offices, directorships, and
committee positions then held with Preheat, OMNI or any Affiliate. 
 (b) Termination by Employee. Employee may
terminate Employee’s employment hereunder at any time during the term of this Agreement by delivery of thirty (30) days prior written notice by Employee to Preheat. Promptly after such termination of employment, Preheat 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 such termination, and (ii) vacation pay earned during the
current year but not taken to the date of such termination. Upon termination of Employee’s employment hereunder, Employee shall be deemed to have resigned from all offices, directorships, and committee positions then held with Preheat, OMNI or
any Affiliate. 
 (c) Termination for Cause. If Preheat terminates Employee’s employment for Cause (as defined in
Exhibit A attached hereto) (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 hereunder, Employee shall be deemed to have resigned from all offices, directorships, and committee positions then held with Preheat, OMNI or any Affiliate. 
 (d) Non-Renewal of Employment. Preheat may elect not to continue Employee’s employment hereunder beyond the end of the Initial
Period by delivery of thirty (30) calendar days prior written notice to the Employee. At the expiration of the employment term, pursuant to this subparagraph, Preheat 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) vacation pay earned during the current year but not taken to the date of such termination. Upon termination of
Employee’s employment hereunder, 

 
Employee shall be deemed to have resigned from all offices, directorships, and committee positions then held with Preheat, OMNI or any Affiliate. 

(e) Waiver of Claims. In the event this Agreement is terminated by Preheat 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, benefits and vesting of rights 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 Preheat or 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 Preheat under this Agreement, (i) the Employee’s employment will terminate on the date of his death, (ii) Preheat will pay to Employee’s estate the remainder of Employee’s Annual Base Salary at the rate
then in effect through the end of the 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 Preheat’s and OMNI’s
Employee Benefit Plans, and Stock Incentive Plan. 
 (g) Disability. If Employee becomes disabled during his employment
by Preheat as the result of a Disability, (i) the Employee’s employment will terminate on the date of his Disability, (ii) Preheat will pay to Employee the remainder of Employee’s Annual Base Salary at the rate then in affect
through the end of the month following the month in which such Disability occurred, and (iii) Employee shall be entitled to all rights and benefits that Employee may have under the terms of Preheat’s and OMNI’s Employee Benefit Plans
and Stock Incentive Plans. 
 7. Covenant Not to Compete; Non-solicitation. 
 (a) During Employee’s employment with Preheat or any of its Affiliates and thereafter (unless terminated Without Cause) during the
Restricted Period (as defined in Exhibit A attached hereto), Employee will not (i) 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, any business in the Parishes and Counties listed on Exhibit “B” or the
offshore waters within one-hundred (100) miles of the coast of Texas, Louisiana, or Mississippi, that directly or indirectly competes with the oil field equipment sales and rental business, the commercial/industrial equipment sales and rental
business, the stress relieving services, the rig maintenance services, the oil field seismic support service, or the industrial, commercial and oilfield environmental services sold, provided, conducted or developed, by Preheat, OMNI or any of its
Affiliates on the date of termination of Employee’s employment, and (ii) whether for the Employee’s own account or the account of any other Person solicit, employ, or otherwise engage as an employee, independent contractor, or
otherwise, any Person who is an employee of Preheat or OMNI or any of its Affiliates or in any 

 
manner induce or attempt to induce any employee of Preheat or OMNI and any such Affiliate to terminate his employment with Preheat or OMNI or such Affiliate.

 (b) Notwithstanding the foregoing, Employee shall not be deemed to be in violation of Section 7(a)(i) 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. 
 (c) Employee acknowledges that the limitations set forth in this Section 7 are reasonable and necessary for the protection of Preheat and 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 Preheat and OMNI and its Affiliates. Employee further
acknowledges that the parties anticipate that Employee will be actively seeking markets for the products and services of Preheat and OMNI and its Affiliates throughout the United States during Employee’s employment with Preheat. 
 (d) In the event any portion of Section 7 of this Agreement is deemed to be unenforceable, void, or of no force and effect, all other
portions of Section 7 shall remain in full force and effect, and the parties to this Agreement agree that the unenforceable or void portions shall be modified by operation of law only so much as necessary to render the provision valid and
enforceable. 
 (e) Employee agrees that the remedy at law for any breach by Employee of this Section 7 will be
inadequate and that Preheat and OMNI shall also be entitled to injunctive relief. 
 8. Confidential Information; Business
Opportunity. During and after the term of Employee’s employment hereunder, Employee shall not use or disclose, without the prior written consent of Preheat, Confidential Information (as defined in Exhibit A attached hereto) relating to
Preheat or OMNI or any of its Affiliates. Upon termination of Employee’s employment, Employee will return to Preheat all written materials in Employee’s possession embodying such Confidential Information. Employee will promptly disclose to
Preheat all Confidential Information, as well as any business opportunity related to Preheat or OMNI which comes to Employee’s attention during the term of Employee’s employment with Preheat. 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 Preheat. Employee agrees that the remedy at law for any breach by Employee of this
Section 8 will be inadequate and that Preheat and OMNI shall also be entitled to injunctive relief. 
 9. Intellectual Property.

 (a) To the extent they relate to, or result from, directly or indirectly, the actual or anticipated operations of Preheat,
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 or prior to the term of this Agreement (“Intellectual Property”), or otherwise 

 
developed, purchased or acquired by Preheat or OMNI or any of its Affiliates, shall be the exclusive property of Preheat, OMNI or such Affiliate, as the case
may be. 
 (b) Employee will hold all Intellectual Property in trust for Preheat and will deliver all Intellectual Property in
Employee’s possession or control to Preheat upon request and, in any event, at the end of Employee’s employment with Preheat. 
 (c) Employee shall assign to Preheat 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 Preheat to evidence, transfer, vest or confirm Preheat’s right, title and interest in the Intellectual Property.

 (d) Employee will not contest the validity of any invention, any copyright, any patent, or any trademark registration owned
by or vesting in Preheat, OMNI or any of its Affiliates under this Agreement. 
 10. 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 temporary injunctive relief from a court of competent jurisdiction to enforce the provisions of Sections 7, 8, or 9 of
this Agreement. 
 11. Definitions. As used in this Agreement, the terms defined in Exhibit A have the meanings assigned to such terms
in such exhibit. 
 12. 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: 

 Robert H. Rhyne, Jr. 
 PO Box 3761 
 Lafayette, LA 70502

  

	 	(b)	If to Preheat: 

 Preheat, Inc. 
 4500 N.E. Evangeline Thruway 
 Carencro, LA
70520 
 Attention: Mr. James C. Eckert 

 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. 
 13. 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 Preheat. Preheat 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 Preheat or 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. Preheat 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 Preheat to expressly assume and agree to perform, by a written agreement, all of the obligations of Preheat
under this Agreement. 
 14. Survival. The provisions of this Agreement shall survive the termination of Employee’s employment
hereunder in accordance with their terms. 
 15. 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. 
 16. 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. 
 17. Entire Agreement. This Agreement constitutes the entire agreement between Preheat and Employee with respect to the terms of employment of
Employee by Preheat and supersedes all prior agreements and understandings, whether written or oral, between them concerning such terms of employment. 
 18. 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. 
 19. 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 Preheat and Preheat’s rights and remedies hereunder are in addition to all other obligations of Employee and rights and remedies of Preheat created pursuant to any other agreement
and to applicable law. 
 20. 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. 
 21. Severability. In the event that any provision or provisions of this Agreement is held to be invalid, illegal or unenforceable by any court of
law or otherwise, the remaining 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. 
 22. Attorneys’ Fees and Costs. If any action at law or in equity, including any dispute in arbitration, 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. 
 23. 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 except as disclosed in Exhibit C. 
 IN WITNESS WHEREOF, Preheat and
Employee have executed this Agreement on the date first above written. 
  

			
	COMPANY:
	
	Preheat, Inc.
		
	By:	 	/s/ G. Darcy Klug
	Name:	 	G. Darcy Klug
	Title:	 	Executive Vice President

  

			
	EMPLOYEE:
	
	/s/ Robert H. Rhyne, Jr.
	Robert H. Rhyne, Jr.

 EXHIBIT A 
 ROBERT H. RHYNE, JR EMPLOYMENT AGREEMENT 
 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 Preheat, means
the Employee: (i) is convicted of, indicted for (or its procedural equivalent), or enters a guilty plea or plea of no contest with respect to, any felony, the equivalent thereof, or any crime or offense causing harm to Preheat, 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) fails to adhere to any written policy of Preheat, OMNI or any of their affiliates, receives written
notice of such failure and thereafter fails to cure or correct such failure to the satisfaction of the Board of Directors of OMNI within thirty (30) days of the receipt of said notice; (iii) in the good faith opinion of the Employer, fails
to perform the duties assigned to him hereunder, receives written notice of such failure and thereafter fails to cure or correct such failure to the satisfaction of the Board of Directors of OMNI within thirty (30) days of the receipt of said
notice; (iv) engages in any behavior or conduct which, in the judgment of the Board of Directors of OMNI, is detrimental to or harms the business or reputation of Preheat, OMNI or any of its Affiliates; or (v) accepts employment with or is
engaged by another company or entity. 
 “Confidential Information” includes information conveyed or assigned to Preheat,
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 Preheat, whether solely by Employee or jointly with others, which
concerns the affairs of Preheat, OMNI or its Affiliates and which Preheat or OMNI could reasonably be expected to desire be held in confidence, or the disclosure of which would likely be embarrassing, detrimental or disadvantageous to Preheat, 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 Preheat, OMNI or any of its Affiliates and information made available to Preheat, 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 Preheat, 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
Preheat has expressly given Employee the right to disclose pursuant to written agreement. 

 “Disability” means that Employee (i) has become physically or mentally incapable
(excluding infrequent and temporary absences due to ordinary illnesses) of properly performing the services required of him in accordance with this employment obligations, (ii) such capacity shall exist or be reasonable expected to exist for
more than 180 days in the aggregate during any period of 12 consecutive months, and (iii) either Employee and his physician or the OMNI Compensation Committee shall have given the other 60 days written notice of his or its intention to
terminate Employee’s active employment because of such Disability. Notwithstanding the foregoing definition, Employee shall be deemed to have become disabled for purposes of this Agreement, if the insurer providing Preheat’s Disability
policy (if any) shall find, during the term of such policy and pursuant to the provisions of such policy, that Employee is so mentally or physically disabled as to be unable to reasonably engage in his job responsibility and that such Disability is
permanent and will be continuous during the remainder of Employee’s life, and either the Employee and his physician of the OMNI Compensation Committee shall have given the other 60 days written notice of his or its intention to terminate
Employee’s active employment because of such Disability. 
 “Person” means any natural or juridical person. 

“Restricted Period” means the period beginning on the effective date of the termination of Employee’s employment with Preheat,
OMNI and its Affiliates for any reason (including non-renewal) and ending two (2) years after the termination of Employee’s employment. 
 “Without Cause” when used in connection with the termination of employment with Preheat, means the termination of Employee’s employment by Preheat for any reason that is not the result of death, Disability, non-renewal
of employment or termination for Cause. 

 EXHIBIT “B” 
 ROBERT H. RHYNE, JR. EMPLOYMENT AGREEMENT 
 SECTION 7 NON-COMPETE 
 PARISHES AND COUNTIES 
  

					
	 Louisiana:
	  	 Texas:
	  	Mississippi:
	 Beauregard
	  	 San Augustine
	  	Hancock
	 Calcasieu
	  	 Sabine
	  	Harrison
	 Cameron
	  	 Tyler
	  	Jackson
	 Allen
	  	 Jasper
	  	
	 Jefferson Davis
	  	 Newton
	  	
	 Evangeline
	  	 Harris
	  	
	 Acadia
	  	 Liberty
	  	
	 Vermilion
	  	 Hardin
	  	
	 St. Landry
	  	 Orange
	  	
	 Lafayette
	  	 Jefferson
	  	
	 St. Martin
	  	 Chambers
	  	
	 Iberia
	  	 Galveston
	  	
	 West Baton Rouge
	  	 Fort Bend
	  	
	 Iberville
	  	 Wharton
	  	
	 East Baton Rouge
	  	 Lavaca
	  	
	 St. Mary
	  	 Dewitt
	  	
	 Livingston
	  	 Victoria
	  	
	 Ascension
	  	 Jackson
	  	
	 Assumption
	  	 Matagorda
	  	
	 St. James
	  	 Brazoria
	  	
	 Terrebonne
	  	 Calhoun
	  	
	 Tangipahoa
	  	 Refugio
	  	
	 St. John the Baptist
	  	 Goliad
	  	
	 St. Charles
	  	 Bee
	  	
	 Lafourche
	  	 Aransas
	  	
	 St. Tammany
	  	 San Patricio
	  	
	 Orleans
	  	 Nueces
	  	
	 Jefferson
	  	 Kleberg
	  	
	 St. Bernard
	  	 Kenedy
	  	
	 Plaquemines

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}]]