LEASE AGREEMENT dated as of October 1, 1999, as Amended and Restated as of April 30, 2003 Among GEOLEASE PARTNERS, L.P. as Lessor, GEOKINETICS INC. as Lessee and THE GUARANTORS PARTY HERETO as GuarantorsLease Agreement • May 15th, 2003 • Geokinetics Inc • Crude petroleum & natural gas • Texas
THIS LEASE AGREEMENT (the “Lease”) is hereby amended and restated as of April 30, 2003 (the “Effective Date”), among GEOLEASE PARTNERS, L.P., a Delaware limited partnership (“Lessor”), GEOKINETICS INC., a Delaware corporation (“Lessee”), and the Subsidiary guarantors listed on the signature pages hereto (the “Guarantors” and together with Lessee, the “Obligors”). This Lease is entered into with reference to that certain Lease Agreement, dated as of October 1, 1999, initially between Lessee and Input/Output, Inc., a Delaware corporation, as the same was amended pursuant to that certain Amendment No. 1, dated as of April 9, 2001, that certain Amendment No. 2, dated as of September 30, 2002, that certain Amendment No. 3, dated as of January 1, 2003, and that certain Amendment No. 4, dated as of January 24, 2003, between Lessor and Lessee (collectively, the “Old Equipment Lease”).
