AMENDMENT NUMBER 1 TO REGISTRATION RIGHTS AGREEMENT
EXHIBIT 2
AMENDMENT NUMBER 1 TO
REGISTRATION RIGHTS AGREEMENT
REGISTRATION RIGHTS AGREEMENT
This AMENDMENT NUMBER 1 TO REGISTRATION RIGHTS AGREEMENT, dated as of May 15, 2007 (the
“Amendment”), amends that certain Registration Rights Agreement dated September 8, 2006, among
Geokinetics Inc., a Delaware corporation, Avista Capital Partners, L.P., a Delaware limited
partnership and Avista Capital Partners (Offshore), L.P., as set forth below. Capitalized terms
not otherwise defined herein shall have the meanings specified for such terms in the Agreement.
1. The definition of “Registrable Shares” in the Agreement is hereby amended
and restated to read in its entirety as set forth below:
“Registrable Shares” means, at any time, the Common Stock (including, but not limited
to, the Common Stock acquired upon conversion of Preferred Stock of the Company) and
Preferred Stock of the Company owned by the Holders, whether owned on the date hereof or
acquired hereafter; provided, however, to the extent any determination of the
number or percentage of Registrable Shares is made under the terms of this Agreement, all
Preferred Stock shall be included with all Common Stock on as converted basis for the purpose
of any such determination; provided, further, that Registrable Shares shall
not include any shares (i) the sale of which has been registered pursuant to the Securities
Act and which shares have been sold pursuant to such registration or (ii) which have been
sold pursuant to Rule 144 under the Securities Act.
2. This Amendment shall apply only to the Avista Holders, provided,
that Levant America S.A. may elect to become a party to this Amendment by giving
written notice of such election in the manner provided in Section 4.1 of the
Agreement.
3. In consideration of the inclusion of shares of Common Stock owned by the
Avista Holders within the definition of Registrable Securities herein, the Avista
Holders hereby waive their right to have any of their shares of Common Stock
included within the definition of Registrable Securities under the Registration
Rights Agreement dated as of May 2, 2003 among Geokinetics Inc. and the parties
named therein and acknowledge that they shall not be entitled to any rights under
such Agreement.
4. All other terms and provisions of the Agreement shall remain in full
force and effect.
GEOKINETICS INC. |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Xxxxx X. Xxxxxxx | ||||
President and Chief Executive Officer | ||||
AVISTA CAPITAL PARTNERS, L.P. | ||||||
By: | AVISTA CAPITAL PARTNERS GP, LLC, | |||||
its general partner | ||||||
By: | /s/ Xxxxxx Xxxxx | |||||
Address: | ||||||
0000 Xxxxxxxxx Xxxxxx, Xxxxx 0000 | ||||||
Xxxxxxx, Xxxxx 00000 | ||||||
Telecopy: (000) 000-0000 | ||||||
Attention: Xxxxxx Xxxxx | ||||||
AVISTA CAPITAL PARTNERS (OFFSHORE), L.P. | ||||||
By: | AVISTA CAPITAL PARTNERS GP, LLC, | |||||
its general partner | ||||||
By: | /s/ Xxxxxx Xxxxx | |||||
Address: | ||||||
0000 Xxxxxxxxx Xxxxxx, Xxxxx 0000 | ||||||
Xxxxxxx, Xxxxx 00000 | ||||||
Telecopy: (000) 000-0000 | ||||||
Attention: Xxxxxx Xxxxx | ||||||
Copy to: | ||||||
King & Spalding LLP | ||||||
0000 Xxxxxxxxx, Xxxxx 0000 | ||||||
Xxxxxxx, Xxxxx 00000 | ||||||
Telecopy: (000) 000-0000 | ||||||
Attention: Xxxxx Xxxxx, Esq. |