EXHIBIT I
SCHEDULE 13D GROUP FILING AGREEMENT
AGREEMENT by and among Somerset Drilling Associates, L.L.C., a
Delaware limited liability company ("Somerset"), Somerset Capital Partners, a
New York general partnership ("SCP") and the sole managing member of Somerset,
Xxxxxx X. X'Xxxxx, Xx., an individual ("X'Xxxxx"), Xxxxxx X. Xxxxxxx, an
individual ("Xxxxxxx") and Xxxxxxx X. Xxxxxxx, an individual ("Xxxxxxx"),
whereby each of them agrees to jointly file a statement on Schedule 13D with the
Securities and Exchange Commission (the "Commission"), pursuant to Section 13D
of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and the
rules and regulations promulgated by the Commission thereunder, in connection
with their ownership of certain securities (inclusive of shares of common stock
and shadow warrants to purchase shares of common stock) of Grey Wolf Inc. (f/k/a
DI Industries Inc.) (the "Company"), and any required amendments thereto, and
that such Schedule 13D (inclusive of any amendments thereto) with respect to the
beneficial ownership of shares of common stock of the Company, shall be deemed
to be filed on behalf of each of them.
IN WITNESS WHEREOF, each of the undersigned have executed this
Agreement as of the 8th day of October, 1997.
SOMERSET DRILLING ASSOCIATES, L.L.C.
By: Somerset Capital Partners, Managing Member
By:/s/ XXXXXXX X. XXXXXXX
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Name: Xxxxxxx X. Xxxxxxx
Title: Partner
SOMERSET CAPITAL PARTNERS
By:/s/ XXXXXXX X. XXXXXXX
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Name: Xxxxxxx X. Xxxxxxx
Title: Partner
/s/ XXXXXX X. X'XXXXX, XX.
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Xxxxxx X. X'Xxxxx, Xx., Individually
/s/ XXXXXX X. XXXXXXX
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Xxxxxx X. Xxxxxxx, Individually
/s/ XXXXXXX X. XXXXXXX
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Xxxxxxx X. Xxxxxxx, Individually
