CREDIT AGREEMENT dated as of December 16, 2005, among PETROLEUM GEO-SERVICES ASA, and PGS FINANCE, INC., together as Borrowers, THE OTHER GUARANTORS PARTY HERETO, as Guarantors, THE LENDERS PARTY HERETO, UBS SECURITIES LLC, CREDIT SUISSE and BARCLAYS...Credit Agreement • April 5th, 2006 • Petroleum Geo Services Asa • Oil & gas field exploration services • New York
This CREDIT AGREEMENT (this “Agreement”) dated as of December 16, 2005, among PETROLEUM GEO-SERVICES ASA, a Norwegian public limited liability company (the “Norwegian Borrower”) and PGS FINANCE, INC., a Delaware corporation (the “US Borrower” and, together with Norwegian Borrower, “Borrowers”), the Guarantors (such term and each other capitalized term used but not defined herein having the meaning given to it in Article I), the Lenders, UBS SECURITIES LLC (“UBSS”), CREDIT SUISSE and BARCLAYS CAPITAL (“Barclays”), as term loan lead arrangers and bookrunners (in such capacity, the “Term Loan Arrangers”), BARCLAYS, UBSS and CREDIT SUISSE, as revolving credit lead arrangers and revolving credit lead bookrunners, DnB NOR BANK ASA as a revolving credit lead arranger (in such capacity, together with Barclays, UBSS and Credit Suisse in their respective capacities as revolving credit lead arrangers, the “Revolving Credit Arrangers”), UBS AG, STAMFORD BRANCH, as term loan administrative agent (i
CONTRACT OF EMPLOYMENT Between Petroleum Geo-Services ASA (“PGS” or the “Company”), Lysaker, Norway. and the Group Managing Director/CEO (the “CEO”), Svein Rennemo (“Rennemo”)Contract of Employment • April 5th, 2006 • Petroleum Geo Services Asa • Oil & gas field exploration services
Svein Rennemo, born 24 July 1947, was appointed as the CEO of PGS, effective as of 7 November 2002. This Contract of Employment shall supersede and replace all previous contracts of employment between PGS and the CEO.
