BACKSTOP CONVERSION COMMITMENT AGREEMENT AMONG GLOBAL GEOPHYSICAL SERVICES, INC., CERTAIN SUBSIDIARIES OF GLOBAL GEOPHYSICAL SERVICES, INC., THE INVESTORS PARTY HERETO AND SOLELY FOR PURPOSES OF SECTION 7.13(b), THE OFFICIAL COMMITTEE OF UNSECURED...Backstop Conversion Commitment Agreement • September 24th, 2014 • Global Geophysical Services Inc • Oil & gas field exploration services • New York
THIS BACKSTOP CONVERSION COMMITMENT AGREEMENT (this “Agreement”), dated as of September 23, 2014, is made by and among Global Geophysical Services, Inc. (as a debtor in possession and a reorganized debtor, as applicable, the “Company”) and certain Subsidiaries of the Company (each such Subsidiary and the Company, as a debtor in possession and a reorganized debtor, as applicable, a “Debtor” and collectively, the “Debtors”), the Investors set forth on Schedule 1 hereto (each referred to herein individually as an “Investor” and collectively as the “Investors”), and to the extent they deliver a signature counterpart hereto following the date of this Agreement in accordance with Section 11.13 and solely for purposes of Section 7.13(b), the Official Committee of Unsecured Creditors appointed in the Chapter 11 Proceedings (as defined below) (the “Committee”). The Company, each other Debtor and each Investor is referred to herein as a “Party” and collectively, the “Parties.” Capitalized terms
ContractKey Employee Incentive Plan • September 24th, 2014 • Global Geophysical Services Inc • Oil & gas field exploration services
