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<SEC-DOCUMENT>0001104659-05-047566.txt : 20051006
<SEC-HEADER>0001104659-05-047566.hdr.sgml : 20051006
<ACCEPTANCE-DATETIME>20051006172357
ACCESSION NUMBER:		0001104659-05-047566
CONFORMED SUBMISSION TYPE:	POS EX
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20051006
DATE AS OF CHANGE:		20051006
EFFECTIVENESS DATE:		20051006

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TGC INDUSTRIES INC
		CENTRAL INDEX KEY:			0000799165
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL AND GAS FIELD EXPLORATION SERVICES [1382]
		IRS NUMBER:				742095844
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		POS EX
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-128018
		FILM NUMBER:		051127841

	BUSINESS ADDRESS:	
		STREET 1:		1304 SUMMIT AVE STE 2
		CITY:			PLANO
		STATE:			TX
		ZIP:			75074
		BUSINESS PHONE:		9728811099

	MAIL ADDRESS:	
		STREET 1:		1304 SUMMIT AVE
		STREET 2:		STE 2
		CITY:			PLANO
		STATE:			TX
		ZIP:			75074
</SEC-HEADER>
<DOCUMENT>
<TYPE>POS EX
<SEQUENCE>1
<FILENAME>a05-15384_5posex.htm
<DESCRIPTION>POS EX
<TEXT>
<html>

<head>






</head>

<body lang="EN-US">

<div style="font-family:Times New Roman;">
 <p style="font-weight:bold;margin:0pt 0pt 5.0pt;page-break-after:avoid;text-align:center;"><a name="scotch"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">As filed with the Securities and Exchange Commission on October&nbsp;6, 2005</font></b></a></p> <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0pt 0pt 0pt 0pt;"> <p style="border:none;font-weight:bold;margin:0pt 0pt 12.0pt;padding:0pt;page-break-after:avoid;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:8.5pt;">Registration Statement No.&nbsp;333-128018</font></b></p> </div>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:16.0pt;">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 5.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Washington,
D.C. 20549</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 5.0pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:16.0pt;">Post-Effective
Amendment No. 1</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 4.0pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:16.0pt;">to</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 5.0pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:16.0pt;">FORM&nbsp;SB-2</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 4.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:11.0pt;">REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:16.0pt;">TGC INDUSTRIES, INC.</font></b></p>

<p style="margin:0pt 0pt 5.0pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.5pt;">(Name of small business
issuer in its charter)</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="33%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:33.34%;">
  <p align="center" style="font-size:10.0pt;line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font style="font-weight:bold;">Texas</font></b></p>
  </td>
  <td width="33%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:33.34%;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1382</font></b></p>
  </td>
  <td width="33%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:33.32%;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">74-2095844</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:33.34%;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or jurisdiction of<br>
  incorporation or organization)</font></p>
  </td>
  <td width="33%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:33.34%;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Primary Standard Industrial<br>
  Classification Code Number)</font></p>
  </td>
  <td width="33%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:33.32%;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer<br>
  Identification No.)</font></p>
  </td>
 </tr>
</table>

</div>

<p style="line-height:11.0pt;margin:0pt 0pt 5.0pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">1304 Summit, Suite&nbsp;2<br>
Plano, Texas 75074<br>
(972) 881-1099</font></b></p>

<p style="line-height:11.0pt;margin:0pt 0pt 4.0pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address and telephone number of principal executive
offices)</font></p>

<p style="font-weight:bold;line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wayne A. Whitener<br>
President and Chief Executive Officer<br>
TGC Industries,&nbsp;Inc.<br>
1304 Summit, Suite&nbsp;2<br>
Plano, Texas 75074<br>
(972) 881-1099</font></b></p>

<p style="line-height:11.0pt;margin:0pt 0pt 5.0pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name, address and telephone number of agent for
service)</font></p>

<p style="font-weight:bold;line-height:11.0pt;margin:0pt 0pt 5.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Copies to:</font></b></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;">
 <tr>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.9pt;">
  <p align="center" style="font-size:10.0pt;line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font style="font-weight:bold;">Rice M. Tilley,&nbsp;Jr.</font></b></p>
  </td>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.95pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Robert G. Reedy</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.9pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Brian D. Barnard</font></b></p>
  </td>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.95pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Porter&nbsp;&amp; Hedges, L.L.P.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.9pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Haynes and Boone, LLP</font></b></p>
  </td>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.95pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1000 Main Street, 36<sup>th</sup> Floor</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.9pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">201 Main Street, Suite&nbsp;2200</font></b></p>
  </td>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.95pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Houston, Texas 77002</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.9pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Fort Worth, Texas 76102</font></b></p>
  </td>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.95pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Telephone: (713) 226-6674</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.9pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Telephone: (817) 347-6600</font></b></p>
  </td>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.95pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Facsimile: (713) 226-6274</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.9pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Facsimile: (817) 347-6650</font></b></p>
  </td>
  <td width="304" valign="top" style="padding:0pt .7pt 0pt 0pt;width:227.95pt;">
  <p align="center" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

</div>

<p style="line-height:1.0pt;margin:0pt 0pt 4.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;line-height:11.0pt;margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Approximate date of proposed sale to
the public</font></b>: As soon as practicable after the effective date
of the registration statement.</p>

<p style="font-size:10.0pt;line-height:11.0pt;margin:0pt 0pt 2.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If this form is filed to register additional securities
for an offering pursuant to Rule&nbsp;462(b)&nbsp;under the Securities Act of
1933, as amended, please check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering.&nbsp;</font><font face="Wingdings">o</font></p>

<p style="font-size:10.0pt;line-height:11.0pt;margin:0pt 0pt 3.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If this form is a post-effective amendment filed
pursuant to Rule&nbsp;462(c)&nbsp;under the Securities Act, check the following
box and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. </font><font face="Wingdings">o</font></p>

<p style="font-size:10.0pt;line-height:11.0pt;margin:0pt 0pt 2.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If this form is a post-effective amendment filed
pursuant to Rule&nbsp;462(d)&nbsp;under the Securities Act, check the following
box and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. </font><font face="Wingdings">x</font>&nbsp;&nbsp;333-128018</p>

<p style="font-size:10.0pt;line-height:11.0pt;margin:0pt 0pt 2.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If delivery of the prospectus is expected to be made
pursuant to Rule&nbsp;434, check the following box. </font><font face="Wingdings">o</font></p>

<p style="font-weight:bold;line-height:11.0pt;margin:0pt 0pt 2.0pt;text-indent:20.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Registrant
hereby amends this registration statement on such date or dates as may be
necessary to delay its effective date until the Registrant shall file a further
amendment which specifically states that this registration statement shall
thereafter become effective in accordance with Section&nbsp;8(a)&nbsp;of the
Securities Act of 1933, as amended, or until the registration statement shall
become effective on such date as the Commission, acting pursuant to said Section&nbsp;8(a),
may determine.</font></b></p>


 <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0pt 0pt 0pt 0pt;"> <p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p> </div>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<div>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="PartiiInformationNotRequiredInPro_120427"></a><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">EXPLANATORY NOTE</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Post-Effective
Amendment No. 1 to the Registration Statement on Form SB-2 (File&nbsp;No.&nbsp;333-128018)
of TGC Industries, Inc. is filed solely to file a new Exhibit 1.1 &#147;Underwriting
Agreement&#148; and a new Exhibit 5.1 &#147;Legal Opinion of Haynes and Boone, LLP&#148; as
Exhibits to the Registration Statement. In accordance with Section 462(d) of
the Securities Act of 1933, as amended, this Post-Effective Amendment shall
become effective immediately upon filing with the Securities and Exchange
Commission.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PART&nbsp;II<br>
INFORMATION NOT REQUIRED IN PROSPECTUS</font></b></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">1</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="font-family:Times New Roman;font-size:10.0pt;font-weight:bold;margin:0pt 0pt 6.0pt 47.0pt;page-break-after:avoid;text-indent:-47.0pt;"><a name="Item27_ExhibitsAndFinancialStatem_110813"></a><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Item 27.</font></b><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>EXHIBITS
AND FINANCIAL STATEMENT SCHEDULES.</p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160; EXHIBITS.</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following is a complete list of Exhibits filed as part of this registration
statement. Exhibit&nbsp;numbers correspond to the numbers in the exhibit table
of Item 601 of Regulation S-B.</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">

  <tr>
   <td width="47" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:35.4pt;">
   <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;">EXHIBIT<br>
   NO.</p>
   </td>
   <td width="3" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.4pt;">
   <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><b><font size="1" face="Courier" style="font-size:1.0pt;">&nbsp;</font></b></p>
   </td>
   <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
   <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
   </td>
   <td width="551" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:413.1pt;">
   <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">DESCRIPTION</font></b></p>
   </td>
  </tr>

 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*1.1</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Underwriting Agreement.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.1</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restated Articles of
  Incorporation (with amendment), filed as Exhibit&nbsp;3.4 to the Company&#146;s
  Annual Report on Form&nbsp;10-KSB for the fiscal year ended December&nbsp;31,
  2003, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**3.2</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Bylaws, as amended and
  restated December&nbsp;1, 2004.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**4.1</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;of Specimen
  Stock Certificate.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  Establishing Series&nbsp;of Preferred Stock of TGC Industries,&nbsp;Inc.
  filed as Exhibit&nbsp;2 to the Company&#146;s Current Report on Form&nbsp;8-K
  dated August&nbsp;11, 1993, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  Establishing Series&nbsp;C 8% Convertible Exchangeable Preferred Stock of TGC
  Industries,&nbsp;Inc. filed as Exhibit&nbsp;B to the Company&#146;s Current Report
  on Form&nbsp;8-K dated July&nbsp;15, 1996, and incorporated herein by
  reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  Regarding Series&nbsp;C 8% Convertible Exchangeable Preferred Stock of TGC
  Industries,&nbsp;Inc. filed as Exhibit&nbsp;4.3 to the Company&#146;s Annual
  Report on Form&nbsp;10-KSB/A for the fiscal year ended December&nbsp;30,
  1998, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.5</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  Regarding Series&nbsp;C 8% Convertible Exchangeable Preferred Stock of TGC
  Industries,&nbsp;Inc. filed as Exhibit&nbsp;4.4 to the Company&#146;s Annual
  Report on Form&nbsp;10-KSB for fiscal year ended December&nbsp;31, 2000, and
  incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.6</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  regarding Series&nbsp;C 8% Convertible Exchangeable Preferred Stock of TGC
  Industries,&nbsp;Inc. filed as Exhibit&nbsp;4.5 to the Company&#146;s Annual
  Report on Form&nbsp;10-KSB for fiscal year ended December&nbsp;31, 2001, and
  incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.7</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  regarding Series&nbsp;C 8% Convertible Exchangeable Preferred Stock of TGC
  Industries,&nbsp;Inc. filed as Exhibit&nbsp;4.6 to the Company&#146;s Annual
  Report on Form&nbsp;10-KSB for fiscal year ended December&nbsp;31, 2002, and
  incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.8</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  regarding Series&nbsp;C 8% Convertible Exchangeable Preferred Stock of TGC
  Industries,&nbsp;Inc. filed as Exhibit&nbsp;4.7 to the Company&#146;s Annual
  Report on Form&nbsp;10-KSB for fiscal year ended December&nbsp;31, 2004, and
  incorporated herein by reference</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.9</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;of Debenture
  Agreement and Debenture for 8% Subordinated Convertible Debentures,
  Series&nbsp;A filed as Exhibit&nbsp;4.2 to the Company&#146;s Registration
  Statement on Form&nbsp;SB-2/A on September&nbsp;19, 1996 (Registration
  No.&nbsp;333-12269), and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.10</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;of Warrant
  Agreement dated July&nbsp;28, 1995, as amended, and Warrant, filed as
  Exhibit&nbsp;4.3 to the Company&#146;s Registration Statement on Form&nbsp;SB-2 on
  September&nbsp;19, 1996 (Registration No.&nbsp;333-12269), as amended, and
  incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.11</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Debenture Agreement dated December&nbsp;10, 1999,
  with respect to the Company&#146;s $2,500,000 8</font><font size="1" style="font-size:6.0pt;position:relative;top:-3.0pt;">1</font><font face="Symbol">&#164;</font><font size="1" style="font-size:6.0pt;">2</font>%
  Convertible Subordinated Debenture, Series&nbsp;B payable to Wedge Energy
  Services, L.L.C., filed as Exhibit&nbsp;4.6 to the Company&#146;s Annual Report on
  Form&nbsp;10-KSB for the fiscal year ended December&nbsp;31, 1999, and
  incorporated herein by reference.</p>
  </td>
 </tr>
</table>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">2</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;">4.12</p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution Establishing 8</font><font size="1" style="font-size:6.0pt;position:relative;top:-3.0pt;">1</font><font face="Symbol">&#164;</font><font size="1" style="font-size:6.0pt;">2</font>%
  Senior Convertible Preferred Stock of TGC&nbsp;Industries,&nbsp;Inc. filed as
  Exhibit&nbsp;4.8 to the Company&#146;s Annual Report on Form&nbsp;10-KSB for
  fiscal year ended December&nbsp;31, 2000, and incorporated herein by
  reference.</p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.13</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  regarding 8</font><font size="1" style="font-size:6.0pt;position:relative;top:-3.0pt;">1</font><font face="Symbol">&#164;</font><font size="1" style="font-size:6.0pt;">2</font>%
  Senior Convertible Preferred Stock of TGC&nbsp;Industries,&nbsp;Inc. filed as
  Exhibit&nbsp;4.11 to the Company&#146;s Annual Report on Form&nbsp;10-KSB for
  fiscal year ended December&nbsp;31, 2002, and incorporated herein by
  reference.</p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**4.14</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Warrant
  Agreement and Warrant Certificate dated September&nbsp;10, 2002.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**4.15</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Warrant
  Agreement and Warrant Certificate dated June&nbsp;12, 2003.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**4.16</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Warrant
  Agreement and Warrant Certificate dated December&nbsp;15, 2004.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*5.1</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Legal Opinion of Haynes
  and Boone, LLP.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.1</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Service Mark License
  Agreement dated as of July&nbsp;31, 1986, between the Company and Supreme
  Industries,&nbsp;Inc. (formerly ESI Industries,&nbsp;Inc.), filed as
  Exhibit&nbsp;10(b)&nbsp;to the Company&#146;s Registration Statement on
  Form&nbsp;10 on August&nbsp;18, 1986 (Registration No.&nbsp;0-14908), and
  incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.2</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company&#146;s 1993 Stock
  Option Plan, filed as Exhibit&nbsp;10.4 to the Company&#146;s Registration
  Statement on Form&nbsp;S-2 on December&nbsp;21, 1993 (Registration
  No.&nbsp;33-73216), and incorporated by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.3</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment No.&nbsp;1 to
  the 1993 Stock Option Plan filed as Exhibit&nbsp;10.9 to the Company&#146;s Annual
  Report on Form&nbsp;10-KSB for the fiscal year ended December&nbsp;31, 1998,
  and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.4</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment No.&nbsp;2 to
  the 1993 Stock Option Plan filed as Exhibit&nbsp;10.10 to the Company&#146;s
  Annual Report on Form&nbsp;10-KSB for the fiscal year ended December&nbsp;31,
  1998, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.5</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Warrant Agreements and
  Warrant Certificates dated July&nbsp;30, 1999 issued by the Company to JMS
  Inc. Cust FBO William J. Barrett, JMS Inc. Cust FBO Herbert M. Gardner Keogh,
  Edward&nbsp;L. Flynn, Allen T. McInnes, and Wayne A. Whitener, filed as
  Exhibit&nbsp;10.10 to the Company&#146;s Annual Report on Form&nbsp;10-KSB for the
  fiscal year ended December&nbsp;31, 1999, and incorporated herein by
  reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.6</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1999 Stock Option Plan
  of TGC Industries,&nbsp;Inc. filed as Exhibit&nbsp;10.13 to the Company&#146;s
  Annual Report on Form&nbsp;10-KSB for the fiscal year ended December&nbsp;31,
  1999, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.7</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment No.&nbsp;1 to
  the 1999 Stock Option Plan filed as Exhibit&nbsp;4.2 to the Company&#146;s
  Registration Statement on Form&nbsp;S-8 on August&nbsp;27, 2004 (Registration
  No.&nbsp;333-118588), and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.8</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Master Security
  Agreement by and among TGC Industries,&nbsp;Inc. and General Electric Capital
  Corporation, dated October&nbsp;22, 2004 filed as Exhibit&nbsp;10.1 to the
  Company&#146;s Quarterly Report on Form&nbsp;10-QSB for the quarter ended
  June&nbsp;30, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.9</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note for
  $2,386,649 by and among TGC Industries,&nbsp;Inc. and General Electric
  Capital Corporation, dated October&nbsp;26, 2004 </font>filed as Exhibit&nbsp;10.2 to the
  Company&#146;s Quarterly Report on Form&nbsp;10-QSB for the quarter ended
  June&nbsp;30, 2005, and incorporated herein by reference.</p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.10</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note for
  $3,366,253.04 by and among TGC Industries,&nbsp;Inc. and General Electric
  Capital Corporation, dated June&nbsp;6, 2005 </font>filed as Exhibit&nbsp;10.3 to the
  Company&#146;s Quarterly Report on Form&nbsp;10-QSB for the quarter ended
  June&nbsp;30, 2005, and incorporated herein by reference.</p>
  </td>
 </tr>
</table>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">3</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<br clear="all" style="page-break-before:always;">


<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;">10.11</p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note by and
  among TGC Industries,&nbsp;Inc. and Sovereign Bank, N.A., dated
  April&nbsp;26, 2005 filed as Exhibit&nbsp;10.4 to the Company&#146;s Quarterly
  Report on Form&nbsp;10-QSB for the quarter ended June&nbsp;30, 2005, and
  incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**10.12</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;of Warrant Purchase
  Agreement from Directors.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.13</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Employment Contract by and
  among TGC Industries, Inc. and Wayne A. Whitener, dated August&nbsp;26, 2005,
  filed as Exhibit&nbsp;10.1 to the Company&#146;s Current Report on Form 8-K dated
  August&nbsp;31, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.14</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Indemnification
  Agreement, filed as Exhibit 10.2 to the Company&#146;s Current Report on
  Form&nbsp;8-K dated August&nbsp;31, 2005, and incorporated herein by
  reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.15</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Commercial Lease
  Agreement dated August&nbsp;25, 2005, by and among TGC Industries, Inc. and
  JSS/Capital Avenue, L.P., filed as Exhibit&nbsp;10.3 to the Company&#146;s Current
  Report on Form 8-K dated August&nbsp;31, 2005, and incorporated herein by
  reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.16</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note by and
  among TGC Industries, Inc. and Sovereign Bank, N.A., dated September&nbsp;16,
  2005, filed as Exhibit&nbsp;10.1 to the Company&#146;s Current Report on
  Form&nbsp;8-K dated September&nbsp;20, 2005, and incorporated herein by
  reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.17</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Business Loan Agreement
  by and among TGC Industries, Inc. and Sovereign Bank, N.A., dated
  September&nbsp;16, 2005, filed as Exhibit&nbsp;10.2 to the Company&#146;s Current
  Report on Form&nbsp;8-K dated September&nbsp;20, 2005, and incorporated
  herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.18</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note by and
  among TGC Industries, Inc. and General Electric Capital Corporation, dated
  September&nbsp;2, 2005, filed as Exhibit&nbsp;10.3 to the Company&#146;s Current
  Report on Form&nbsp;8-K dated September&nbsp;20, 2005, and incorporated
  herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.19</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment, dated
  September&nbsp;9, 2005, to the Promissory Note by and among TGC Industries,
  Inc. and General Electric Capital Corporation, dated September&nbsp;2, 2005,
  filed as Exhibit&nbsp;10.4 to the Company&#146;s Current Report on Form&nbsp;8-K
  dated September&nbsp;20, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.20</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note by and
  among TGC Industries, Inc. and General Electric Capital Corporation, dated
  September&nbsp;12, 2005, filed as Exhibit&nbsp;10.5 to the Company&#146;s Current
  Report on Form&nbsp;8-K dated September&nbsp;20, 2005, and incorporated
  herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.21</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment, dated
  September&nbsp;9, 2005, to the Promissory Note by and among TGC Industries,
  Inc. and General Electric Capital Corporation, dated September&nbsp;12, 2005,
  filed as Exhibit&nbsp;10.6 to the Company&#146;s Current Report on Form&nbsp;8-K
  dated September&nbsp;20, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.22</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment, dated
  September&nbsp;12, 2005, to the Promissory Note by and among TGC Industries,
  Inc. and General Electric Capital Corporation, dated September&nbsp;12, 2005,
  filed as Exhibit&nbsp;10.7 to the Company&#146;s Current Report on Form&nbsp;8-K
  dated September&nbsp;20, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**10.23</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Equipment Sales Contract
  by and among TGC Industries, Inc. and Industrial Vehicles International,
  Inc., dated May&nbsp;31, 2005.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**10.24</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sale Agreement by and
  among Tidelands Geophysical Co., Inc. and Geo-X Systems Ltd., dated
  October&nbsp;13, 2004.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**10.25</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sale Agreement by and
  among Tidelands Geophysical Co., Inc. and Texas Seismic Rentals, Ltd., dated
  May&nbsp;23, 2005.</font></p>
  </td>
 </tr>
</table>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">4</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;">10.26</p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note by and
  among TGC Industries, Inc. and General Electric Capital Corporation, dated
  September 19, 2005, Filed as Exhibit 10.1 to the Company&#146;s Current Report on
  Form 8-K filed on September 30, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**21.1</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">List of subsidiaries.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**23.1</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Lane Gorman
  Trubitt LLP.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**23.2</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Grant
  Thornton LLP.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*23.3</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Haynes and
  Boone, LLP (included in its opinion filed as Exhibit&nbsp;5.1)</font></p>
  </td>
 </tr>
 <tr>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**24.1</font></p>
  </td>
  <td width="6" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.8pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="551" valign="top" style="padding:0pt .7pt 0pt 0pt;width:413.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Power of Attorney</font></p>
  </td>
 </tr>
</table>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;">

</font></div>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Filed
herewith.</p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**&#160;&#160;&#160; Previously
filed.<a name="Item28_Undertakings__111211"></a></font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">5</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='II-5',FILE='C:\fc\279153845593_P80363_602736\15384-5-fu.htm',USER='jmsproofassembler',CD='Oct  6 15:39 2005' -->



<br clear="all" style="page-break-before:always;">

<div>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="Signatures_112745"></a><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">SIGNATURES</font></b></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
accordance with the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements of filing on Form&nbsp;SB-2 and authorized this post-effective
amendment to the registration statement to be signed on its behalf by the
undersigned, in the City of Plano, State of Texas, on October&nbsp;6, 2005.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.98%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:50.02%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">TGC INDUSTRIES,
  INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.98%;">
  <p style="margin:24.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.2%;">
  <p style="margin:24.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="44%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:44.82%;">
  <p style="margin:24.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ WAYNE A. WHITENER</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.2%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wayne A. Whitener,<br>
  <i><font style="font-style:italic;">President and Chief Executive</font></i></font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.2%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.82%;">
  <p style="margin:0pt 0pt .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Officer and Director (Principal Executive
  Officer)</font></i></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
to the requirements of the Securities Act, this amendment to the registration
statement on Form&nbsp;SB-2 is signed by the following persons in the
capacities and on the dates indicated.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="55" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:41.05pt;">
  <p style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"></p>
  </td>
  <td width="64" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:48.3pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">SIGNATURE</font></b></p>
  </td>
  <td width="68" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:50.65pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="119" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:89.05pt;">
  <p style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"></p>
  </td>
  <td width="34" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:25.15pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">TITLE</font></b></p>
  </td>
  <td width="108" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:80.8pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="43" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:32.15pt;">
  <p style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"></p>
  </td>
  <td width="37" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:27.75pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">DATE</font></b></p>
  </td>
  <td width="43" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:32.15pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ WAYNE
  A. WHITENER</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President, Chief
  Executive</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;6,
  2005</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wayne
  A. Whitener</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Officer and Director
  (Principal Executive Officer)</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ DANIEL
  G. WINN*</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;6,
  2005</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Daniel
  G. Winn</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ KENNETH
  W. USELTON*</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Secretary,
  Treasurer</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;6,
  2005</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Kenneth
  W. Uselton</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Principal Financial and
  Accounting Officer)</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ WILLIAM
  J. BARRETT*</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;6, 2005</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">William
  J. Barrett</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ EDWARD
  L. FLYNN*</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;6,
  2005</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Edward
  L. Flynn</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ HERBERT
  M. GARDNER*</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;6,
  2005</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Herbert
  M. Gardner</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ WILLIAM
  C. HURTT,&nbsp;JR.*</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;6,
  2005</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">William
  C. Hurtt,&nbsp;Jr.</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ ALLEN
  T. MCINNES*</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;6,
  2005</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Allen
  T. McInnes</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By: /s/ WAYNE
  A. WHITENER</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:12.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;6,
  2005</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:140.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wayne A. Whitener*<br>
  Attorney-in-fact</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="260" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:195.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:14.65pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="123" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:92.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">6</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='II-6',FILE='C:\JMS\irajendran\05-15384-5\task602631\15384-5-jc.htm',USER='irajendran',CD='Oct  7 01:25 2005' -->



<br clear="all" style="page-break-before:always;">

<div>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><a name="IndexToExhibits_113312"></a><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">INDEX TO EXHIBITS</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">

  <tr>
   <td width="46" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:34.8pt;">
   <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;">EXHIBIT<br>
   NO.</p>
   </td>
   <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.6pt;">
   <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><b><font size="1" face="Courier" style="font-size:1.0pt;">&nbsp;</font></b></p>
   </td>
   <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
   <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
   </td>
   <td width="540" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:404.7pt;">
   <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">DESCRIPTION</font></b></p>
   </td>
  </tr>

 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*1.1</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Underwriting Agreement.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.1</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restated Articles of
  Incorporation (with amendment), filed as Exhibit&nbsp;3.4 to the Company&#146;s
  Annual Report on Form&nbsp;10-KSB for the fiscal year ended December&nbsp;31,
  2003, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**3.2</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Bylaws, as amended and
  restated December&nbsp;1, 2004.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**4.1</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;of Specimen
  Stock Certificate.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  Establishing Series&nbsp;of Preferred Stock of TGC Industries,&nbsp;Inc. filed
  as Exhibit&nbsp;2 to the Company&#146;s Current Report on Form&nbsp;8-K dated August&nbsp;11,
  1993, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  Establishing Series&nbsp;C 8% Convertible Exchangeable Preferred Stock of TGC
  Industries,&nbsp;Inc. filed as Exhibit&nbsp;B to the Company&#146;s Current Report
  on Form&nbsp;8-K dated July&nbsp;15, 1996, and incorporated herein by
  reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  Regarding Series&nbsp;C 8% Convertible Exchangeable Preferred Stock of TGC
  Industries,&nbsp;Inc. filed as Exhibit&nbsp;4.3 to the Company&#146;s Annual
  Report on Form&nbsp;10-KSB/A for the fiscal year ended December&nbsp;30,
  1998, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.5</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  Regarding Series&nbsp;C 8% Convertible Exchangeable Preferred Stock of TGC
  Industries,&nbsp;Inc. filed as Exhibit&nbsp;4.4 to the Company&#146;s Annual
  Report on Form&nbsp;10-KSB for fiscal year ended December&nbsp;31, 2000, and
  incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.6</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  regarding Series&nbsp;C 8% Convertible Exchangeable Preferred Stock of TGC
  Industries,&nbsp;Inc. filed as Exhibit&nbsp;4.5 to the Company&#146;s Annual
  Report on Form&nbsp;10-KSB for fiscal year ended December&nbsp;31, 2001, and
  incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.7</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  regarding Series&nbsp;C 8% Convertible Exchangeable Preferred Stock of TGC
  Industries,&nbsp;Inc. filed as Exhibit&nbsp;4.6 to the Company&#146;s Annual
  Report on Form&nbsp;10-KSB for fiscal year ended December&nbsp;31, 2002, and
  incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.8</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution
  regarding Series&nbsp;C 8% Convertible Exchangeable Preferred Stock of TGC
  Industries,&nbsp;Inc. filed as Exhibit&nbsp;4.7 to the Company&#146;s Annual
  Report on Form&nbsp;10-KSB for fiscal year ended December&nbsp;31, 2004, and
  incorporated herein by reference</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.9</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;of Debenture
  Agreement and Debenture for 8% Subordinated Convertible Debentures,
  Series&nbsp;A, filed as Exhibit&nbsp;4.2 to the Company&#146;s Registration
  Statement on Form&nbsp;SB-2/A on September&nbsp;19, 1996 (Registration
  No.&nbsp;333-12269), and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.10</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;of Warrant
  Agreement dated July&nbsp;28, 1995, as amended, and Warrant, filed as Exhibit&nbsp;4.3
  to the Company&#146;s Registration Statement on Form&nbsp;SB-2 on
  September&nbsp;19, 1996 (Registration No.&nbsp;333-12269), as amended,
  and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.11</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Debenture Agreement
  dated December&nbsp;10, 1999, with respect to the Company&#146;s $2,500,000 8</font><font size="1" style="font-size:6.0pt;position:relative;top:-3.0pt;">1</font><font face="Symbol">&#164;</font><font size="1" style="font-size:6.0pt;">2</font>%
  Convertible Subordinated Debenture, Series&nbsp;B payable to Wedge Energy
  Services, L.L.C., filed as Exhibit&nbsp;4.6 to the Company&#146;s Annual Report on
  Form&nbsp;10-KSB for the fiscal year ended December&nbsp;31, 1999, and
  incorporated herein by reference.</p>
  </td>
 </tr>
 <tr>
  <td width="51" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.12</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution Establishing 8</font><font size="1" style="font-size:6.0pt;position:relative;top:-3.0pt;">1</font><font face="Symbol">&#164;</font><font size="1" style="font-size:6.0pt;">2</font>%
  Senior Convertible Preferred Stock of TGC Industries,&nbsp;Inc. filed as
  Exhibit&nbsp;4.8 to the Company&#146;s Annual Report on Form&nbsp;10-KSB for
  fiscal year ended December&nbsp;31, 2000, and incorporated herein by
  reference.</p>
  </td>
 </tr>
</table>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">7</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;">4.13</p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statement of Resolution regarding 8</font><font size="1" style="font-size:6.0pt;position:relative;top:-3.0pt;">1</font><font face="Symbol">&#164;</font><font size="1" style="font-size:6.0pt;">2</font>%
  Senior Convertible Preferred Stock of TGC Industries,&nbsp;Inc. filed as
  Exhibit&nbsp;4.11 to the Company&#146;s Annual Report on Form&nbsp;10-KSB for
  fiscal year ended December&nbsp;31, 2002, and incorporated herein by
  reference.</p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**4.14</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Warrant
  Agreement and Warrant Certificate dated September&nbsp;10, 2002.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**4.15</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Warrant
  Agreement and Warrant Certificate dated June&nbsp;12, 2003.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**4.16</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Warrant
  Agreement and Warrant Certificate dated December&nbsp;15, 2004.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*5.1</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Legal Opinion of Haynes
  and Boone, LLP.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.1</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Service Mark License
  Agreement dated as of July&nbsp;31, 1986, between the Company and Supreme
  Industries,&nbsp;Inc. (formerly ESI Industries,&nbsp;Inc.), filed as
  Exhibit&nbsp;10(b)&nbsp;to the Company&#146;s Registration Statement on
  Form&nbsp;10 on August&nbsp;18, 1986 (Registration No.&nbsp;0-14908),
  and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.2</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company&#146;s 1993 Stock
  Option Plan, filed as Exhibit&nbsp;10.4 to the Company&#146;s Registration
  Statement on Form&nbsp;S-2 on December&nbsp;21, 1993 (Registration
  No.&nbsp;33-73216), and incorporated by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.3</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment No.&nbsp;1 to
  the 1993 Stock Option Plan filed as Exhibit&nbsp;10.9 to the Company&#146;s Annual
  Report on Form&nbsp;10-KSB for the fiscal year ended December&nbsp;31, 1998,
  and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.4</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment No.&nbsp;2 to
  the 1993 Stock Option Plan filed as Exhibit&nbsp;10.10 to the Company&#146;s
  Annual Report on Form&nbsp;10-KSB for the fiscal year ended December&nbsp;31,
  1998, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.5</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Warrant Agreements and
  Warrant Certificates dated July&nbsp;30, 1999 issued by the Company to JMS
  Inc. Cust FBO William J. Barrett, JMS Inc. Cust FBO Herbert M. Gardner Keogh,
  Edward L. Flynn, Allen T. McInnes, and Wayne A. Whitener, filed as
  Exhibit&nbsp;10.10 to the Company&#146;s Annual Report on Form&nbsp;10-KSB for the
  fiscal year ended December&nbsp;31, 1999, and incorporated herein by
  reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.6</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1999 Stock Option Plan
  of TGC Industries,&nbsp;Inc. filed as Exhibit&nbsp;10.13 to the Company&#146;s
  Annual Report on Form&nbsp;10-KSB for the fiscal year ended December&nbsp;31,
  1999, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.7</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment No.&nbsp;1 to
  the 1999 Stock Option Plan, filed as Exhibit&nbsp;4.2 to the Company&#146;s
  Registration Statement on Form&nbsp;S-8 on August&nbsp;27, 2004 (Registration
  No.&nbsp;333-118588), and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.8</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Master Security
  Agreement by and among TGC Industries,&nbsp;Inc. and General Electric Capital
  Corporation, dated October&nbsp;22, 2004 filed as Exhibit&nbsp;10.1 to the
  Company&#146;s Quarterly Report on Form&nbsp;10-QSB for the quarter ended
  June&nbsp;30, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.9</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note for
  $2,386,649 by and among TGC Industries,&nbsp;Inc. and General Electric
  Capital Corporation, dated October&nbsp;26, 2004 </font>filed as Exhibit&nbsp;10.2 to the
  Company&#146;s Quarterly Report on Form&nbsp;10-QSB for the quarter ended
  June&nbsp;30, 2005, and incorporated herein by reference.</p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.10</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note for
  $3,366,253.04 by and among TGC Industries,&nbsp;Inc. and General Electric
  Capital Corporation, dated June&nbsp;6, 2005 </font>filed as Exhibit&nbsp;10.3 to the
  Company&#146;s Quarterly Report on Form&nbsp;10-QSB for the quarter ended
  June&nbsp;30, 2005, and incorporated herein by reference.</p>
  </td>
 </tr>
</table>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">8</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;">10.11</p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note
  by and among TGC Industries,&nbsp;Inc. and Sovereign Bank, N.A., dated
  April&nbsp;26, 2005 filed as Exhibit&nbsp;10.4 to the Company&#146;s Quarterly
  Report on Form&nbsp;10-QSB for the quarter ended June&nbsp;30, 2005, and
  incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**10.12</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;of Warrant Purchase
  Agreement from Directors.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.13</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Employment Contract by
  and among TGC Industries, Inc. and Wayne A. Whitener, dated August&nbsp;26,
  2005, filed as Exhibit&nbsp;10.1 to the Company&#146;s Current Report on Form 8-K
  dated August&nbsp;31, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.14</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Indemnification
  Agreement, filed as Exhibit&nbsp;10.2 to the Company&#146;s Current Report on Form
  8-K dated August&nbsp;31, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.15</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Commercial Lease
  Agreement dated August&nbsp;25, 2005, by and among TGC Industries, Inc. and
  JSS/Capital Avenue,&nbsp;L.P., filed as Exhibit&nbsp;10.3 to the Company&#146;s
  Current Report on Form 8-K dated August&nbsp;31, 2005, and incorporated
  herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.16</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note by and
  among TGC Industries, Inc. and Sovereign Bank, N.A., dated September&nbsp;16,
  2005, filed as Exhibit&nbsp;10.1 to the Company&#146;s Current Report on
  Form&nbsp;8-K dated September&nbsp;20, 2005, and incorporated herein by
  reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.17</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Business Loan Agreement
  by and among TGC Industries, Inc. and Sovereign Bank, N.A., dated
  September&nbsp;16, 2005, filed as Exhibit&nbsp;10.2 to the Company&#146;s Current
  Report on Form&nbsp;8-K dated September&nbsp;20, 2005, and incorporated
  herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.18</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note by and
  among TGC Industries, Inc. and General Electric Capital Corporation, dated
  September&nbsp;2, 2005, filed as Exhibit&nbsp;10.3 to the Company&#146;s Current
  Report on Form&nbsp;8-K dated September&nbsp;20, 2005, and incorporated
  herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.19</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment, dated
  September&nbsp;9, 2005, to the Promissory Note by and among TGC Industries,
  Inc. and General Electric Capital Corporation, dated September&nbsp;2, 2005,
  filed as Exhibit&nbsp;10.4 to the Company&#146;s Current Report on Form&nbsp;8-K
  dated September&nbsp;20, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.20</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note by and
  among TGC Industries, Inc. and General Electric Capital Corporation, dated
  September&nbsp;12, 2005, filed as Exhibit&nbsp;10.5 to the Company&#146;s Current
  Report on Form&nbsp;8-K dated September&nbsp;20, 2005, and incorporated
  herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.21</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment, dated
  September&nbsp;9, 2005, to the Promissory Note by and among TGC Industries,
  Inc. and General Electric Capital Corporation, dated September&nbsp;12, 2005,
  filed as Exhibit&nbsp;10.6 to the Company&#146;s Current Report on Form&nbsp;8-K
  dated September&nbsp;20, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.22</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment, dated
  September&nbsp;12, 2005, to the Promissory Note by and among TGC Industries,
  Inc. and General Electric Capital Corporation, dated September&nbsp;12, 2005,
  filed as Exhibit&nbsp;10.7 to the Company&#146;s Current Report on Form&nbsp;8-K
  dated September&nbsp;20, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**10.23</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Equipment Sales Contract
  by and among TGC Industries, Inc. and Industrial Vehicles International,
  Inc., dated May&nbsp;31, 2005.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**10.24</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sale Agreement by and
  among Tidelands Geophysical Co., Inc. and Geo-X Systems Ltd., dated
  October&nbsp;13, 2004.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**10.25</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sale Agreement by and
  among Tidelands Geophysical Co., Inc. and Texas Seismic Rentals, Ltd., dated
  May&nbsp;23, 2005.</font></p>
  </td>
 </tr>
</table>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">9</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;">10.26</p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promissory Note by and
  among TGC Industries, Inc. and General Electric Capital Corporation, dated
  September 19, 2005, Filed as Exhibit 10.1 to the Company&#146;s Current Report on
  Form 8-K filed on September 30, 2005, and incorporated herein by reference.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**21.1</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">List of subsidiaries.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**23.1</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Lane Gorman
  Trubitt LLP.</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**23.2</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Grant
  Thornton LLP</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*23.3</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Haynes and
  Boone, LLP (included in its opinion filed as Exhibit&nbsp;5.1)</font></p>
  </td>
 </tr>
 <tr>
  <td width="51" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.4pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**24.1</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.6pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="540" valign="top" style="padding:0pt .7pt 0pt 0pt;width:404.7pt;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Power of Attorney</font></p>
  </td>
 </tr>
</table>

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<hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;">

</font></div>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Filed
herewith.</p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**&#160;&#160;&#160; Previously
filed.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">10</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<DESCRIPTION>EX-1.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 1.1</font></b></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,500,000 Shares of Common Stock</font></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">($.01 par value)</font></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">TGC INDUSTRIES, INC.</font></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UNDERWRITING AGREEMENT<br><br></font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New York, New York</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;5, 2005</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OPPENHEIMER&nbsp;&amp; CO. INC.</font></p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As Representative of the several</font></p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Underwriters named in Schedule&nbsp;A hereto</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">125 Broad Street</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New York, New York 10004</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ladies and Gentlemen:</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">TGC Industries,&nbsp;Inc.,
a Texas corporation (the &#147;Company&#148;), confirms its agreement with Oppenheimer&nbsp;&amp;
Co. Inc. (&#147;Oppenheimer&#148;)&nbsp;and each of the underwriters named in Schedule&nbsp;A
hereto (collectively, the &#147;Underwriters,&#148; or, each, an &#147;Underwriter&#148;), for whom
Oppenheimer is acting as the representative (the &#147;Representative&#148;), with
respect to the sale by the Company, and the purchase by the Underwriters,
acting severally and not jointly, of an aggregate of 5,500,000 shares of the
Company&#146;s common stock, par value $.01 per share (&#147;Common Stock&#148;).&#160; Such shares of Common Stock are hereinafter
referred to as the &#147;Firm Shares.&#148;&#160; Upon
the request of the Underwriters, as provided in Section&nbsp;2(c)&nbsp;hereof,
the Company shall also sell to the Underwriters, acting severally and not
jointly, up to 825,000 additional shares of Common Stock for the purpose of
covering over-allotments, if any (the &#147;Option Shares&#148;).&#160; The Firm Shares and the Option Shares are
hereinafter referred to as the &#147;Securities.&#148;&#160;
The Securities are more fully described in the Registration Statement
and the Prospectus referred to below.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Representations
and Warranties of the Company</u>.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company
represents and warrants to, and agrees with, each of the Underwriters, as of
the date hereof, as of the Closing Date referred to in Section&nbsp;2(b)&nbsp;hereof,
and as of each Option Closing Date (if any)&nbsp;referred to in Section&nbsp;2(a)&nbsp;hereof,
as follows:</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company has prepared and filed with
the Securities and Exchange Commission (the &#147;Commission&#148;)&nbsp;a registration
statement, and an amendment or amendments thereto, on Form&nbsp;SB-2 (File No.&nbsp;333-
128018), including any related preliminary prospectus or prospectuses, for the
registration of the Securities under the Securities Act of 1933, as amended
(the &#147;1933 Act&#148;), and the rules&nbsp;and regulations promulgated thereunder
(the &#147;1933 Act Regulations&#148;), which registration statement and amendment or
amendments have been prepared by the Company in conformity with the
requirements of the 1933 Act and the 1933 Act</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Regulations.&#160; The Company will next file with the
Commission either (1)&nbsp;prior to the effective date of such registration
statement, a further amendment to such registration statement (including the
form of final prospectus)&nbsp;or (2)&nbsp;after the effective date of such
registration statement, a final prospectus in accordance with Rules&nbsp;430A
and 424(b).&#160; In the case of clause (2),
the Company has included in such registration statement, as amended at the
Effective Date (as defined in (iii)&nbsp;below), all information (other than Rule&nbsp;430A
information)&nbsp;required by the 1933 Act and the 1933 Act Regulations to be
included in such registration statement and the Prospectus.&#160; The Company will furnish a copy of any
amendment to such registration statement, or any registration statement filed
pursuant to Rule&nbsp;462(b)&nbsp;under the 1933 Act (a &#147;462(b)&nbsp;Registration
Statement&#148;), to the Representative at least two business days before filing
such registration statement amendment, and will not file any other amendment
thereto or any Rule&nbsp;462(b)&nbsp;Registration Statement to which the
Representative shall have objected in writing.&#160;
Each prospectus used before such registration statement became effective
is herein called a &#147;Preliminary Prospectus.&#148;&#160;
Except as the context may otherwise require, such registration
statement, as amended, on file with the Commission at the time the registration
statement becomes effective (including the prospectus, financial statements,
schedules, exhibits and all other documents filed as a part thereof and all
information deemed to be a part thereof as of such time pursuant to paragraph (b)&nbsp;of
Rule&nbsp;430A or any post-effective amendment filed pursuant to Rule&nbsp;462&nbsp;under
the 1933 Act), is hereinafter called the &#147;Registration Statement,&#148; and the form
of prospectus in the form first filed with the Commission pursuant to Rule&nbsp;424(b)&nbsp;under
the 1933 Act, is hereinafter called the &#147;Prospectus.&#148;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For purposes of this Agreement, all references to the Registration
Statement, any Preliminary Prospectus, the Prospectus or any amendment or
supplement to any of the foregoing shall be deemed to include the copy filed
with the Commission pursuant to its Electronic Data Gathering, Analysis and
Retrieval system (&#147;EDGAR&#148;).</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company
meets the requirements for use of Form&nbsp;SB-2.&#160; Neither the Commission nor any state
regulatory authority has issued any order suspending the effectiveness of the
Registration Statement, any Rule&nbsp;462(b)&nbsp;Registration Statement or any
post-effective amendment thereto, and no proceedings for a stop order
suspending the effectiveness of the Registration Statement have been instituted
or are pending or to the Company&#146;s knowledge, threatened.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">At the
respective times the Registration Statement became, any Rule&nbsp;462(b)&nbsp;Registration
Statement and any post-effective amendments thereto become effective (the &#147;Effective
Date&#148;)&nbsp;and at the Closing Date (and, if any Option Shares are purchased,
at the Option Closing Date), the Registration Statement, the Rule&nbsp;462(b)&nbsp;Registration
Statement and</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">any amendments and supplements thereto complied and will comply in all
material respects with the requirements of the 1933 Act and the 1933 Act Regulations
and did not and will not contain an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the
statements therein not misleading.&#160;
Neither the Prospectus nor any amendments or supplements thereto, at the
respective times the Prospectus or any such amendment or supplement was issued
or will be issued and at the Closing Date (and, if any Option Shares are
purchased, at the Option Closing Date), included or will include an untrue statement
of a material fact or omitted or will omit to state a material fact necessary
in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading. The representations and warranties
in this subsection&nbsp;shall not apply to statements in or omissions from the
Registration Statement or Prospectus made in reliance upon and in conformity
with written information furnished to the Company by any Underwriter through
the Representative expressly for use in the Registration Statement (or any
amendment thereto)&nbsp;or the Prospectus (or any amendment or supplement
thereto).</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each Preliminary Prospectus and the Prospectus filed as part of the
Registration Statement as originally filed or as part of any amendment thereto complied
or will comply when so filed in all material respects with the 1933 Act
Regulations and each Preliminary Prospectus and the Prospectus delivered to the
Underwriters for use in connection with this offering was or will be identical
to the electronically transmitted copies thereof filed with the Commission
pursuant to EDGAR, except to the extent permitted by Regulation S-T and the
1933 Act Regulations.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Each of the Company and its Subsidiaries
(as hereinafter defined)&nbsp;(i)&nbsp;has been duly organized and is validly
existing as a corporation in good standing under the laws of the jurisdiction
of its incorporation, (ii)&nbsp;other than as disclosed in the Registration
Statement, owns no interest in any corporation, partnership, trust, joint
venture or other business entity, (iii)&nbsp;is duly qualified to do business,
and is in good standing as a foreign corporation, in each jurisdiction in which
its ownership or leasing of any properties or the character of its operations
requires such qualification, except for such failure to be so qualified or in
good standing that would not, individually or in the aggregate, have a material
adverse effect on the shareholders equity in, or the condition (financial or
otherwise), earnings, business prospects or properties of the Company and its
Subsidiaries, taken as a whole (a &#147;Material Adverse Effect&#148;), (iv)&nbsp;has all
requisite corporate power and authority, and has obtained any and all necessary
authorizations, approvals, orders, licenses, certificates and permits of and
from all governmental or regulatory officials and bodies, to own or lease its
properties and conduct its business as described in the Prospectus, except for
the failure to obtain such authorizations,</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">approvals, orders,
licenses, certificates and permits that would not, in the aggregate, have a
Material Adverse Effect and (v)&nbsp;is and has been doing business in
compliance with all such authorizations, approvals, orders, licenses,
certificates, permits and all federal, state and local laws, rules&nbsp;and
regulations, and has not received any notice of proceedings relating to the
revocation or modification of any such authorization, approval, order, license,
certificate or permit which, if the subject of an unfavorable decision, ruling
or finding, would, individually or in the aggregate, have a Material Adverse
Effect.&#160; The disclosures in the
Registration Statement concerning the effects of federal, state and local laws,
rules&nbsp;and regulations on each of the Company&#146;s and the Subsidiaries&#146;
business as currently conducted and as contemplated are correct in all material
respects and do not omit to state a material fact necessary to make the
statements contained therein not misleading.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company has
a duly authorized equity capitalization as set forth in the Prospectus under &#147;Capitalization&#148;
and will have the adjusted duly authorized equity capitalization set forth
therein on the Closing Date, based upon the assumptions set forth therein.&#160; Neither the Company nor any of its
Subsidiaries is a party to, or bound by, any instrument, agreement or other
arrangement providing for it to issue any capital stock, rights, warrants,
options or other securities, except for this Agreement and as described in the
Registration Statement and Prospectus.&#160;
The Securities and all other securities issued or issuable by the
Company conform or, when issued and paid for, will conform, in all respects to
all statements with respect thereto contained in the Registration Statement and
the Prospectus. &#160;All issued and
outstanding capital stock of the Company have been duly authorized and validly
issued and are fully paid and nonassessable, and the holders thereof have no
rights of rescission with respect thereto and are not subject to personal
liability by reason of being such holders; and none of such securities were
issued in violation of any preemptive rights of any holders of any security of
the Company or similar contractual rights granted by the Company.&#160; The Securities (i)&nbsp;are not and will not
be issued in violation of any preemptive or other similar rights of any
shareholder, (ii)&nbsp;have been duly authorized for listing, subject to
official notice of issuance on the American Stock Exchange, and (iii)&nbsp;when
issued, paid for and delivered in accordance with the terms hereof, will be
validly issued, fully paid and non-assessable and will conform to the
description thereof contained in the Prospectus.&#160; The holders of the Securities will not be
subject to any liability solely by reason of being such holders.&#160; All corporate action required to be taken by
the Company or any of it Subsidiaries for the authorization, issue and sale of
the Securities has been duly and validly taken; and the certificates
representing the Securities will be in due and proper form according to the
corporate law of Texas.&#160; Upon the
issuance and delivery, pursuant to the terms hereof, of the Securities to be
sold by the Company hereunder,</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and payment therefor, the Underwriters will acquire good and marketable
title to such Securities, free and clear of any lien, charge, claim,
encumbrance, pledge, security interest, defect or other restriction or equity
of any kind whatsoever except for any such lien, charge, claim, encumbrance,
pledge, security interest, defect, other restriction or equity created by the
Underwriters or imposed upon the assets of the Underwriters.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The subsidiaries of the Company listed on
Schedule&nbsp;B hereto (each, a &#147;Subsidiary&#148;, and together, the &#147;Subsidiaries&#148;)&nbsp;are
the only subsidiaries of the Company as defined by Rule&nbsp;1-02 of Regulation
S-X (&#147;Regulation S-X&#148;).&#160; All the
outstanding shares of capital stock of each Subsidiary have been duly and
validly authorized and issued and are fully paid and nonassessable, and, except
as otherwise set forth in the Prospectus, are owned by the Company free and
clear of any security interest, claim, lien or encumbrance.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The financial
statements, including the related notes and schedules thereto, included in the
Registration Statement, each Preliminary Prospectus and the Prospectus, fairly
present in all material respects the financial position, income, changes in
cash flow, changes in shareholders&#146; equity, and results of operations of the
Company and its Subsidiaries at the respective dates and for the respective
periods to which they apply. Such financial statements have been prepared in
conformity with accounting principles generally accepted in the United States,
consistently applied throughout the periods involved.&#160; The outstanding debt, the property, both
tangible and intangible, and the business of the Company and each of its
Subsidiaries conform in all material respects to the descriptions thereof
contained in the Registration Statement and the Prospectus. The other financial
information set forth in the Prospectus fairly present in all material
respects, on the basis stated in the Prospectus, the information set forth
therein, and have been derived from, or compiled on, a basis consistent with
that of the audited financial statements included in the Prospectus.&#160; No other financial statements are required to
be included in the Registration Statement or Prospectus</font><font size="2" style="font-size:10.0pt;">.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(viii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Each of the
Company and its Subsidiaries has filed all federal, state and local tax returns
that are required to be filed or has requested extensions thereof, whether or
not arising from transactions in the ordinary course of business, except as set
forth in or contemplated in the Prospectus and has paid all taxes required to
be paid by it and any other assessment, fine or penalty levied against it, to
the extent that any of the foregoing is due and payable, except for any such
assessment, fine or penalty that is (i)&nbsp;currently being contested in good
faith, whether or not arising from transactions in the ordinary course of
business, (ii)&nbsp;set forth in the</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Prospectus or (iii)&nbsp;would not individually or in the aggregate,
have a Material Adverse Effect.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ix)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company and its Subsidiaries possess
such permits, licenses, certificates, approvals, consents and other
authorizations (collectively, &#147;Governmental Licenses&#148;)&nbsp;issued by
appropriate federal, state, local or foreign regulatory bodies necessary for
the ownership of their respective assets and to conduct the business now
operated by them, except where the failure to have obtained the same would not
have a Material Adverse Effect; the Company and the Subsidiaries are in
compliance with the terms and conditions of all such Governmental Licenses,
except where the failure to so comply would not singly or in the aggregate have
a Material Adverse Effect; all of the Governmental Licenses are valid and in
full force and effect, except where the invalidity or the failure to be in full
force and effect would not singly or in the aggregate have a Material Adverse
Effect; and none of the Company&#146;s nor any of its Subsidiaries&#146; officers,
directors, or crew managers have received any notice of proceedings relating to
the revocation or modification of any such Governmental Licenses which, singly
or in the aggregate, if the subject of an unfavorable decision, ruling or
finding would result in a Material Adverse Effect.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(x)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Neither the Company nor any of its
Subsidiaries has been advised, and has no reason to believe, that it and each
of its Subsidiaries are not conducting business in compliance with all
applicable laws, rules&nbsp;and regulations of the jurisdictions in which it is
conducting business, except where failure to be so in compliance would not
reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company and
each of its Subsidiaries are insured by insurers of recognized financial
responsibility against such losses and risks and in such amounts as are
customary in the businesses in which they are engaged; all policies of
insurance insuring the Company or any of its Subsidiaries or their respective
businesses, assets, employees, officers and directors are in full force and
effect; the Company and its Subsidiaries are in compliance with the terms of
such policies in all material respects; and there are no claims by the Company
or any of its Subsidiaries under any such policy or instrument as to which any
insurance company is denying liability or defending under a reservation of
rights clause;</font><font size="2" style="font-size:10.0pt;">
neither the Company nor any Subsidiary has been refused any insurance coverage
sought or applied for or for which a renewal was sought or applied for since January&nbsp;1,
2000, except where the Company or such Subsidiary obtained similar coverage
from similar insurers</font><font size="2" style="font-size:10.0pt;">; and neither the Company nor any such Subsidiary
has any reason to believe that it will not be able to renew its existing
insurance coverage as and when such coverage expires or to obtain similar
coverage from similar insurers as may be necessary to continue its</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">business at a cost that would not have a Material Adverse Effect,
whether or not arising from transactions in the ordinary course of business.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">There is no
action, suit, proceeding, inquiry, arbitration, investigation, litigation or
governmental proceeding, domestic or foreign, pending or to the Company&#146;s
knowledge, threatened against (or, to the Company&#146;s knowledge, circumstances
that are reasonably likely give rise to the same), or involving the properties
or business of the Company or any of its Subsidiaries which (i)&nbsp;questions
the validity of its capital stock, this Agreement or any action taken or to be
taken by the Company or its Subsidiaries pursuant to, or in connection with,
this Agreement, (ii)&nbsp;is required to be disclosed in the Registration
Statement which is not so disclosed or (iii)&nbsp;except for the matters
described in the Prospectus might, individually or in the aggregate, have a
Material Adverse Effect.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xiii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Except as
described in the Prospectus, and except as would not, singly or in the
aggregate, reasonably be expected to have a Material Adverse Effect, (i)&nbsp;neither
the Company nor any of its Subsidiaries is in violation of any federal, state,
local or foreign statute, law, rule, regulation, ordinance, code or policy,
including any judicial or administrative order, consent, decree or judgment,
relating to pollution or protection of human health, the environment
(including, without limitation, ambient air, surface water, groundwater, land
surface or subsurface strata)&nbsp;or protected species, including, without
limitation, laws and regulations relating to the release or threatened release
of chemicals, pollutants, contaminants, hazardous wastes, toxic substances,
hazardous substances, petroleum or petroleum products (collectively, &#147;Hazardous
Materials&#148;)&nbsp;or to the manufacture, processing, distribution, use,
treatment, storage, disposal, transport or handling of Hazardous Materials
(collectively, &#147;Environmental Laws&#148;), (ii)&nbsp;the Company and its
Subsidiaries have all permits, authorizations and approvals required under any
applicable Environmental Laws and are each in compliance with their
requirements, (iii)&nbsp;there are no pending or, to the knowledge of the
Company, threatened administrative, regulatory or judicial actions, suits,
demands, demand letters, claims, liens, notices of noncompliance or violation,
investigation or proceedings relating to any Environmental Law or relating to
any common law regarding Hazardous Materials against the Company or any of its
Subsidiaries, (iv)&nbsp;to the knowledge of the Company, there are no events or
circumstances that would reasonably be expected to form the basis of an order
for clean-up or remediation, or an action, suit or proceeding by any private
party or governmental body or agency, against or affecting the Company or any
of its Subsidiaries relating to Hazardous Materials or any Environmental Laws, (v)&nbsp;neither
the Company nor either of its Subsidiaries has been named as a &#147;potentially
responsible party&#148; under the Comprehensive Environmental Response,
Compensation, and</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Liability Act of 1980, as amended, or any similar state statute, and </font><em><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:normal;">(vi)&nbsp;to
the Company&#146;s knowledge and after due inquiry, there are no capital or
operating expenditures required within the next twelve months under any
Environmental Laws which would either individually or in the aggregate, result
in a Material Adverse Effect</font></i></em><i><font size="2" style="font-size:10.0pt;font-style:italic;">.</font></i></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xiv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company has
the corporate power and authority to authorize, issue, deliver and sell the
Securities being sold by it hereunder, enter into this Agreement and consummate
the transactions provided for in this Agreement; and this Agreement has been
duly and properly authorized, executed and delivered by the Company and is a
valid and binding agreement of the Company enforceable against it in accordance
with its terms.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">None of the
Company&#146;s issuance or sale of the Securities or the execution or delivery of
this Agreement by the Company, the Company&#146;s performance hereunder or the
conduct of the Company&#146;s or its Subsidiaries&#146; business as described in the
Registration Statement, the Prospectus, and any amendments or supplements
thereto, (A)&nbsp;results in or will result in any breach or violation of any
of the terms or provisions of, (B)&nbsp;constitutes or will constitute a
default under, or (C)&nbsp;results in or will result in the creation or
imposition of any lien, charge, claim, encumbrance, pledge, security interest,
defect or other restriction of any kind whatsoever, upon any property or assets
(tangible or intangible)&nbsp;of the Company or any of its Subsidiaries
pursuant to the terms of any of the following: (i)&nbsp;the articles of
incorporation or by-laws of the Company or its Subsidiaries, (ii)&nbsp;any
license, contract, indenture, mortgage, deed of trust, voting trust agreement,
shareholders agreement, note, indebtedness, loan, lease, deed of trust, credit
agreement or any other agreement or instrument to which the Company or its
Subsidiaries is a party or by which it is or may be bound or to which any of
its properties or assets (tangible or intangible)&nbsp;is or may be subject, or
(iii)&nbsp;any statute, judgment, decree, order, rule&nbsp;or regulation,
applicable to the Company or its Subsidiaries, of any arbitrator, court,
regulatory body or administrative agency or other governmental agency or body,
domestic or foreign, having jurisdiction over the Company, its Subsidiaries or
any of their activities or properties, except in the case of clauses (ii)&nbsp;and
(iii)&nbsp;for such breaches, violations, defaults, liens or other restrictions
that do not or will not, individually or in the aggregate, have a Material
Adverse Effect.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xvi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">No consent,
approval, authorization or order of, and no filing with, any court, regulatory
body, government agency or other body, domestic or foreign, is required in
connection with the transactions contemplated herein or the performance of this
Agreement, except such as have been or may be obtained under the 1933 Act, the
Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), and the rules&nbsp;and
regulations</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" style="border-collapse:collapse;margin-left:1.0in;width:90.0%;">
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">promulgated under these
  acts, or may be required under state securities or Blue Sky laws, the
  rules&nbsp;of the National Association of Securities Dealers,&nbsp;Inc.
  (&#147;NASD&#148;)&nbsp;or the American Stock Exchange in connection with the
  Underwriters&#146; purchase and distribution of the Securities, in the manner
  contemplated herein and in the Prospectus.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xvii)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All executed agreements,
  contracts or other documents or copies of executed agreements, contracts or
  other documents filed as exhibits to the Registration Statement to which the
  Company or any of its Subsidiaries is a party or by which it may be bound or
  to which any of its assets, properties or business may be subject have been
  duly and validly authorized, executed and delivered by it, and constitute the
  legal, valid and binding obligations of the Company or such Subsidiary,
  enforceable against it in accordance with their respective terms. The
  descriptions in the Registration Statement and the Prospectus of agreements,
  contracts and other documents are accurate in all material respects and
  fairly present the information required to be shown with respect thereto on
  Form&nbsp;SB-2. There are no contracts or other documents which are required
  by the 1933 Act or the 1933 Act Regulations to be described in the
  Registration Statement or the Prospectus or to be filed as exhibits to the
  Registration Statement which have not so been described and filed as
  required, and the exhibits which have been filed are in all material respects
  complete and correct copies of the documents of which they purport to be
  copies.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xviii)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Neither the Company nor
  any of its Subsidiaries is in violation or default of (A)&nbsp;any provision
  of its articles of incorporation or by-laws or (B)&nbsp;the terms of any
  indenture, contract, lease, mortgage, deed of trust, note agreement, loan
  agreement or other agreement, obligation, condition, covenant or instrument
  to which it is a party or bound or to which its property is subject except,
  in the case of clause (B), where such violation or default, individually or
  in the aggregate, would not have a Material Adverse Effect.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xix)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No labor problem or
  dispute with the employees of the Company or any of its Subsidiaries exists
  or, to the knowledge of the Company, is threatened or imminent, and the
  Company is not aware of any existing or imminent labor disturbance by the
  employees of any of its or its Subsidiaries&#146; principal suppliers, contractors
  or customers, that could have a Material Adverse Effect, whether or not
  arising from transactions in the ordinary course of business. The Company is
  not aware that any key employee or significant group of employees of the
  Company or either of its Subsidiaries plans to terminate employment with such
  entity.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xx)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No (i)&nbsp;nonexempt &#147;prohibited transaction&#148; (as
  defined in Section&nbsp;406 of the Employee Retirement Income Security Act of
  1974, as amended,</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<br clear="all" style="page-break-before:always;">


<div>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" style="border-collapse:collapse;margin-left:1.0in;width:90.0%;">
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">including the regulations and published
  interpretations thereunder (&#147;ERISA&#148;), or Section&nbsp;4975 of the Internal
  Revenue Code of 1986, as amended from time to time (the &#147;Code&#148;)),
  (ii)&nbsp;&#147;accumulated funding deficiency&#148; (as defined in Section&nbsp;302 of
  ERISA) within the six (6)-year period immediately preceding the date of this
  Agreement, or (iii)&nbsp; event set forth in Section&nbsp;4043(b)&nbsp;of
  ERISA (other than events with respect to which the 30-day notice requirement
  under Section&nbsp;4043 of ERISA has been waived) has occurred with respect
  to any employee benefit plan or program (&#147;Plan&#148;) that is maintained or
  contributed to by the Company or any entity that, within the six (6)-year
  period immediately preceding the date of this Agreement, is a member of the
  Company&#146;s controlled group as defined in Code Section&nbsp;414 or ERISA
  Section&nbsp;4001 (&#147;ERISA Affiliate&#148;) and which could have a Material Adverse
  Effect; each Plan is maintained and is in compliance in all material respects
  with its terms and applicable law, including ERISA and the Code; neither the
  Company nor any ERISA Affiliate has incurred or could incur any withdrawal
  liability under Section&nbsp;4201 of ERISA, any liability under
  Section&nbsp;4062, 4063, or 4064 of ERISA, or any other liability under Title
  IV of ERISA in excess of $100,000; and each &#147;pension plan&#148; (as defined in
  ERISA) for which the Company could have any liability that is intended to be
  qualified under Section&nbsp;401(a)&nbsp;of the Code is so qualified in all
  material respects and nothing has occurred, whether by action or by failure
  to act, which would adversely affect such qualified status.&nbsp; Neither the Company nor any of its
  Subsidiaries maintains or is required to contribute to a &#147;welfare plan&#148; (as
  defined in Section&nbsp;3(1)&nbsp;of ERISA) which provides retiree or other
  post-employment welfare benefits or insurance coverage (other than
  &#147;continuation coverage&#148; (as defined in Section&nbsp;602 of ERISA)).&nbsp; The Company and its ERISA Affiliates are in
  material compliance with the requirements of the Consolidated Omnibus Budget
  Reconciliation Act of 1985, as amended.&nbsp;
  There are no pending, or to the knowledge of the Company, threatened,
  claims (other than ordinary claims for benefits submitted by the participants
  and beneficiaries) for which the Company could have a material liability with
  respect to any Plan.&nbsp; No Plan provides
  for severance or other benefits that will be vested or payable solely in
  connection with the transactions contemplated by this Agreement.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxi)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Neither the Company, its
  Subsidiaries nor, any of their respective directors or affiliates nor, to the
  knowledge of the Company, any of the Company&#146;s or its Subsidiaries&#146;
  employees, shareholders, partners or their affiliates of any of the foregoing
  has taken or will take, directly or indirectly, any action designed to or
  which has constituted or which might be expected to cause or result in, under
  the Exchange Act and the rules&nbsp;and regulations promulgated thereunder,
  stabilization or manipulation of the price of any security of the Company to
  facilitate the sale or resale of the Securities or otherwise.</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='10',FILE='C:\JMS\smani\05-15384-4\task602566\15384-4-ka-01.htm',USER='smani',CD='Oct  7 01:00 2005' -->


<br clear="all" style="page-break-before:always;">


<div>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" style="border-collapse:collapse;margin-left:1.0in;width:90.0%;">
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxii)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company and each of
  its Subsidiaries owns or has obtained licenses for the trade and service
  marks, trade and service mark registrations, trade names, copyrights, trade
  secrets, technology, know-how and other intellectual property referenced or
  described in the Prospectus as being owned by or licensed to it
  (collectively, the &#147;Intellectual Property&#148;).&nbsp;
  To the knowledge of the Company, there are no rights of third parties
  to any such Intellectual Property; to the knowledge of the Company, there is
  no infringement by third parties of any such Intellectual Property; there is
  no pending or, to the knowledge of the Company, threatened action, suit,
  proceeding or claim by others challenging the Company&#146;s or its Subsidiaries&#146;
  rights in or to any such Intellectual Property, and the Company is unaware of
  any facts which would form a reasonable basis for any such claim; there is no
  domestic or foreign, pending or, to the knowledge of the Company, threatened,
  action, suit, proceeding or claim by others challenging the validity or scope
  of any such Intellectual Property, and the Company is unaware of any facts
  which would form a reasonable basis for any such claim; and there is no
  pending or, to the knowledge of the Company, threatened action, suit,
  proceeding or claim by others that the Company infringes or otherwise
  violates any patent, trademark, copyright, trade secret or other proprietary
  rights of others, and the Company is unaware of any other fact which would
  form a reasonable basis for any such claim.&nbsp;
  The Company owns, possesses, licenses or has other rights to use, on
  reasonable terms, all Intellectual Property necessary for the conduct of the
  Company&#146;s business as now conducted or as proposed in the Prospectus to be
  conducted.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxiii)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company and each of
  its Subsidiaries has good and marketable title to, or valid and enforceable
  leasehold estates in, all items of real and personal property stated in the
  Registration Statement and the Prospectus to be owned or leased by it, free
  and clear of all liens, charges, claims, encumbrances, pledges, security
  interests, defects, or other restrictions or equities of any kind whatsoever,
  other than those referred to in the Registration Statement and the Prospectus
  and taxes, lessor&#146;s interests and liens for taxes not yet due and payable.
  All of the leases and subleases material to the business of the Company or
  its Subsidiaries, are in full force and effect, and none of the Company&#146;s,
  nor any of its Subsidiaries&#146; officers, directors or crew managers have
  received any notice of any material claim of any sort that has been asserted
  by anyone adverse to the rights of the Company or any of its Subsidiaries
  under any of the leases or subleases mentioned above, or affecting or
  questioning the rights of the Company or any of its Subsidiaries to the
  continued possession of the leased or subleased premises under any such lease
  or sublease.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxiv)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each of Lane Gorman Trubitt,
  LLP and Grant Thornton LLP, which have certified certain financial statements
  of the Company and delivered their reports with respect to the audited
  financial statements and</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" style="border-collapse:collapse;margin-left:1.0in;width:90.0%;">
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">schedules included in the
  Registration Statement and the Prospectus, is (i)&nbsp;an independent
  certified public accountant as required by the 1933 Act and the 1933 Act
  Regulations, (ii)&nbsp;in compliance with the applicable requirements
  relating to the qualification of accountants under Rule&nbsp;2-01 of
  Regulation S-X, and (iii)&nbsp;a registered public accounting firm as defined
  by the Public Company Accounting Oversight Board, whose registration has not
  been suspended or revoked and who has not requested such registration to be
  withdrawn.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxv)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except as described in the
  Prospectus under &#147;Underwriting,&#148; there are no claims, payments, issuances,
  arrangements or understandings, whether oral or written, of the Company for
  services in the nature of a finder&#146;s or origination fee with respect to the
  sale of the Securities by it hereunder or any other arrangements, agreements,
  understandings, payments or issuances with respect to the Company or, to the
  Company&#146;s knowledge, any of its officers, directors, shareholders, partners,
  employees or affiliates that may affect the Underwriters&#146; compensation, as
  determined by the NASD.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxvi)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Neither the Company nor,
  to its knowledge, any of its officers, employees, agents, or any other person
  acting on behalf of the Company, has, directly or indirectly, given or agreed
  to give any money, gift or similar benefit (other than legal price
  concessions to customers in the ordinary course of business)&nbsp;to any
  customer, supplier, employee or agent of a customer or supplier, or official
  or employee of any governmental agency (domestic or foreign)&nbsp;or
  instrumentality of any government (domestic or foreign)&nbsp;or any political
  party or candidate for office (domestic or foreign)&nbsp;or other person who
  was, is or may be in a position to help or hinder the business of the Company
  or any of its Subsidiaries (or assist the Company in connection with any
  actual or proposed transaction)&nbsp;which (i)&nbsp;might subject the
  Company, any of its Subsidiaries, or any other such person, to any fine or
  penalty in any civil, criminal or governmental litigation or proceeding
  (domestic or foreign), (ii)&nbsp;if not given in the past, might have had a
  Material Adverse Effect, or (iii)&nbsp;if not continued in the future, might
  have a Material Adverse Effect.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxvii)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company has
  established and will maintain disclosure controls and procedures (as such is
  defined in Rule&nbsp;13a-15 under the Exchange Act), which (a)&nbsp;are
  designed to ensure that information relating to the Company is made known to
  the Company&#146;s Principal Executive Officer and its Principal Financial
  Officer, or persons performing similar functions, by others within the
  Company, particularly during the periods in which the periodic reports
  required under the Exchange Act are being prepared, (b)&nbsp;have been
  evaluated for effectiveness as of June&nbsp;30, 2005 and (c)&nbsp;are
  effective in all material respects to perform the functions for which they
  were established.&nbsp; Based on the
  evaluation of the Company&#146;s</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='12',FILE='C:\JMS\smani\05-15384-4\task602566\15384-4-ka-01.htm',USER='smani',CD='Oct  7 01:00 2005' -->


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<div>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" style="border-collapse:collapse;margin-left:1.0in;width:90.0%;">
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">disclosure controls and
  procedures described above, the Company is not aware of (i)&nbsp;any
  deficiency in the design or operation of internal controls which could
  adversely affect the Company&#146;s ability to record, process, summarize and
  report financial data or any material weaknesses in internal controls or
  (ii)&nbsp;any fraud, whether or not material, that involves management or
  other employees who have a significant role in the Company&#146;s internal
  controls.&nbsp; Since the most recent
  evaluation of the Company&#146;s disclosure controls and procedures described
  above, there have been no significant changes in internal controls or in
  other factors that could significantly affect internal controls.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxviii)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company and each of
  its Subsidiaries maintains a system of internal controls over financial
  reporting sufficient to provide reasonable assurances that
  (i)&nbsp;transactions are executed in accordance with management&#146;s general or
  specific authorization; (ii)&nbsp;transactions are recorded as necessary to
  permit preparation of financial statements in conformity with generally
  accepted accounting principles and to maintain accountability for assets;
  (iii)&nbsp;access to assets is permitted only in accordance with management&#146;s
  general or specific authorization; and (iv)&nbsp;the recorded accountability
  for assets is compared with existing assets at reasonable intervals and
  appropriate action is taken with respect to any differences.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxix)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The minute books of the
  Company and each of its Subsidiaries have been made available to the
  Underwriters and counsel for the Underwriters, and such books
  (i)&nbsp;contain a complete summary of all meetings and actions of the board
  of directors (including each board committee)&nbsp;and shareholders (or
  analogous governing bodies and interest holders, as applicable)&nbsp;of the
  Company and each of its Subsidiaries since the time of its respective
  incorporation through the date of the latest meeting and action, and
  (ii)&nbsp;accurately reflect in all material respects all transactions
  referred to in such minutes.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxx)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No forward-looking
  statement (within the meaning of Section&nbsp;27A of the 1933 Act and
  Section&nbsp;21E of the Exchange Act)&nbsp;contained in the Registration
  Statement or the Prospectus has been made or reaffirmed without a reasonable
  basis or has been disclosed other than in good faith.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxxi)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company is in
  compliance with all applicable provisions of the Sarbanes-Oxley Act of 2002
  and all rules&nbsp;and regulations promulgated thereunder or implementing the
  provisions thereof (the &#147;Sarbanes-Oxley Act&#148;)&nbsp;that are currently
  applicable to the Company and is actively taking steps to ensure that it will
  be in compliance with other provisions of the Sarbanes-Oxley Act not
  currently applicable to the Company upon and at all times after the
  effectiveness of such provisions and when such provisions become applicable
  to the Company.</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='13',FILE='C:\JMS\smani\05-15384-4\task602566\15384-4-ka-01.htm',USER='smani',CD='Oct  7 01:00 2005' -->


<br clear="all" style="page-break-before:always;">


<div>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" style="border-collapse:collapse;margin-left:1.0in;width:90.0%;">
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxxii)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company has taken all
  necessary actions to ensure that it is in compliance with all applicable
  corporate governance requirements of the American Stock Exchange that are currently
  applicable to the Company, except for such requirements that have been waived
  and disclosed in the Registration Statement, and is actively taking steps to
  ensure that it will be in compliance with other applicable corporate
  governance requirements of the American Stock Exchange not currently in
  effect upon and all times after the effectiveness of such requirements and
  when such provisions become applicable to the Company.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxxiii)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except as set
  (i)&nbsp;forth in the Registration Statement and the Prospectus or
  (ii)&nbsp;as need not be described pursuant to Item 404 of Regulation S-B
  under the 1933 Act, no officer, director or, to the knowledge of the Company,
  any 5% shareholder of the Company, or any &#147;affiliate&#148; or &#147;associate&#148; (as
  these terms are defined in Rule&nbsp;405 under the 1933 Act)&nbsp;of any of
  the foregoing persons or entities has or has had, either directly or
  indirectly, (i)&nbsp;an interest in any person or entity which
  (A)&nbsp;furnishes or sells services or products which are furnished or sold
  or are proposed to be furnished or sold by the Company or any of its
  Subsidiaries, or (B)&nbsp;purchases from or sells or furnishes to the Company
  or any of its Subsidiaries any goods or services, or (ii)&nbsp;a beneficial
  interest in any contract or agreement to which the Company or any of its
  Subsidiaries is a party or by which it may be bound or affected.&nbsp; Except as set forth in the Prospectus,
  there are no existing agreements, arrangements, understandings or
  transactions, or proposed agreements, arrangements, understandings or
  transactions, between or among the Company or any of its Subsidiaries or any
  officer, director, or of the Company or any of its Subsidiaries, or any
  partner, affiliate or associate of any of the foregoing persons or entities.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxxiv)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There are no outstanding
  loans, advances (except normal advances for business expense in the ordinary
  course of business)&nbsp;or guarantees or indebtedness by the Company to or
  for the benefit of any of the officers or directors of the Company, except as
  disclosed in the Registration Statement and the Prospectus.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxxv)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There are no transactions,
  arrangements or other relationships between and/or among the Company, any of
  its affiliates (as such term is defined in Rule&nbsp;405 of the 1933
  Act)&nbsp;and any unconsolidated entity, including, but not limited to, any
  structure finance, special purpose or limited purpose entity that could
  reasonably be expected to materially affect the Company&#146;s liquidity or the
  availability of or requirements for its capital resources required to be
  described in the Prospectus which have not been described as required.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxxvi)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except as described in the
  Prospectus, no holders of any securities of the Company or of any options,
  warrants or other convertible or</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" style="border-collapse:collapse;margin-left:1.0in;width:90.0%;">
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">exchangeable securities of
  the Company have the right to include any securities issued by the Company in
  the Registration Statement or any registration statement to be filed by the
  Company or to require the Company to file a registration statement under the
  1933 Act, other than those holders who have waived such rights.&nbsp; Except as described in the Prospectus, no
  holder of any securities of the Company or any other person has the right,
  contractual or otherwise, which has not been satisfied or effectively waived,
  to cause the Company to sell or otherwise issue to them, or permit them to
  underwrite the sale of, any of the Securities.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxxvii)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Neither the Company nor any of its Subsidiaries is,
  nor upon consummation of the transactions contemplated hereby will be, an
  &#147;investment company&#148; within the meaning of such term under the Investment
  Company Act of 1940 (the &#147;Investment Company Act&#148;), and the rules&nbsp;and
  regulations of the Commission promulgated thereunder.</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.16%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="9%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:9.44%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxxviii)</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No Subsidiary of the Company is currently
  prohibited, directly or indirectly, from paying any dividends to the Company,
  from making any other distribution on such Subsidiary&#146;s capital stock, from
  repaying to the Company any loans or advances to such Subsidiary from the
  Company or from transferring any of such Subsidiary&#146;s property or assets to
  the Company or any other Subsidiary of the Company, except as described in
  the Prospectus.</font></p>
  </td>
 </tr>
 <tr>
  <td width="9%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:9.44%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="9%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:9.44%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xxxix)</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There are no transfer taxes or other similar fees or
  charges under federal law or the laws of any state, or any political
  subdivision thereof, required to be paid in connection with the execution and
  delivery of this Agreement or the issuance by the Company or the sale by the
  Company of the Securities.</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Any certificate
signed by any officer of the Company, and delivered to the Underwriters or to
Porter&nbsp;&amp; Hedges, L.L.P. (&#147;Underwriters&#146; Counsel&#148;), shall be deemed a
representation and warranty by the Company to the Underwriters as to the
matters covered thereby.&#160; The Company
acknowledges that the Underwriters, and, for purposes of the opinion to be
delivered pursuant to Section&nbsp;6(d)&nbsp;hereof, Underwriters&#146; Counsel will
rely on the accuracy and truthfulness of the foregoing representations and
warranties and hereby consents to such reliance.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Purchase, Sale and Delivery of the Securities</u>.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">On the basis of
the representations, warranties, covenants and agreements herein contained, but
subject to the terms and conditions herein set forth, the Company agrees to
sell to each Underwriter, and each Underwriter, severally and not jointly,
agrees to purchase from the Company at a price of $7.0125 per share of</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Common Stock, that number of Firm Shares set forth in Schedule&nbsp;A
opposite the name of such Underwriter.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Payment of the
purchase price and delivery of certificates for the Firm Shares shall be made
at the offices of Porter&nbsp;&amp; Hedges, L.L.P., 1000 Main, 36th Floor,
Houston, Texas 77002, or at such other place as shall be agreed upon by the
Representative and the Company.&#160; Such
delivery and payment shall be made at 10:00&nbsp;a.m. (New York City time) on October&nbsp;12,
2005, or at such other time and date as shall be agreed upon by the
Representative and the Company, but not more than three business days after the
foregoing date (such time and date of payment and delivery being herein called
the &#147;Closing Date&#148;).&#160; Delivery of the
Firm Shares shall be made to the Representative for the respective accounts of
the several Underwriters against payment by the several Underwriters through
the Representative of the respective aggregate purchase prices of the Firm
Shares being sold by the Company, to or upon the order of, the Company by wire
transfer payable in same day funds to the accounts specified by the
Company.&#160; Delivery of the Firm Shares
shall be made through the facilities of The Depository Trust Company unless the
Representative shall otherwise instruct.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In addition, on
the basis of the representations, warranties, covenants and agreements herein
contained, but subject to the terms and conditions herein set forth, the
Company hereby grants an option to the Underwriters to purchase all or any part
of the Option Shares at the same purchase price per share as the Underwriters
shall pay for the Firm Shares.&#160; Said
option may be exercised only to cover over-allotments in the sale of the Firm
Shares by the Underwriters.&#160; Said option
may be exercised from time to time on or before the 30th day after the date of
the Prospectus upon written or telegraphic notice by the Representative to the
Company setting forth the number of shares of the Option Shares as to which the
several Underwriters are exercising the option and any Option Closing
Date.&#160; The number of the Option Shares to
be purchased by each Underwriter shall be the same percentage of the total
number of shares of the Option Shares to be purchased by the several
Underwriters as such Underwriter is purchasing of the Firm Shares, subject to
such adjustments as the Representative in its absolute discretion shall make to
eliminate any fractional shares.&#160; The
maximum number of Option Shares to be sold by the Company is 825,000 shares.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">If the option
provided for in Section&nbsp;(c)&nbsp;hereof is exercised after the third
business day prior to the Closing Date, the Company will deliver the Option
Shares (at the expense of the Company) to the Representative at Porter&nbsp;&amp;
Hedges, L.L.P., 1000 Main, 36th Floor, Houston, Texas 77002, on the date
specified by the Representative which shall be within three business days after
exercise of said option (each such date and time of payment and delivery being
herein called an &#147;Option Closing Date&#148;), against payment by the several
Underwriters through the Representative thereof to, or upon the order of, the
Company by wire transfer payable in same day funds to the account specified by
the Company.&#160; Delivery of the Option
Shares shall be made through facilities of The Depository Trust Company unless
the Representative shall otherwise instruct.&#160;
If settlement for the</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Option Shares occurs after the Closing Date, the Company will deliver
to the Representative on any settlement date for the Option Shares, and the
obligation of the Underwriters to purchase the Option Shares shall be
conditioned upon receipt of, supplemental opinions, certificates and letters
confirming as of such date the opinions, certificates and letters delivered on
the Closing Date pursuant to Section&nbsp;6 hereof.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Public Offering of the Securities</u>.&#160; It
is understood that the several Underwriters propose to offer the Securities for
sale to the public as set forth in the Prospectus.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Covenants and Agreements of the Company</u>.&#160; The
Company agrees with each of the several Underwriters that:</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company
will use its reasonable best efforts to cause the Registration Statement, if
not effective at the date and time that this Agreement is executed and
delivered by the parties hereto (the &#147;Execution Time&#148;), and any amendment
thereof, to become effective as promptly as possible.&#160; Prior to the termination of the offering of
the Securities, the Company will not file any amendment to the Registration
Statement or supplement to the Prospectus or any Rule&nbsp;462(b)&nbsp;Registration
Statement unless the Company has furnished the Representative a copy for their
review prior to filing and will not file any such proposed amendment or
supplement to which the Representative reasonably objects.&#160; Subject to the foregoing sentence, if the Registration
Statement has become or becomes effective pursuant to Rule&nbsp;430A, or filing
of the Prospectus is otherwise required under Rule&nbsp;424(b), the Company
will cause the Prospectus, properly completed, and any supplement thereto to be
filed with the Commission pursuant to the applicable paragraph of Rule&nbsp;424(b)&nbsp;within
the time period prescribed therein and will provide evidence satisfactory to
the Representative of such timely filing.&#160;
The Company will promptly advise the Representative (i)&nbsp;when the
Registration Statement, if not effective at the Execution Time, shall have
become effective, (ii)&nbsp;when the Prospectus, and any supplement thereto,
shall have been filed (if required)&nbsp;with the Commission pursuant to Rule&nbsp;424(b)&nbsp;or
when any Rule&nbsp;462(b)&nbsp;Registration Statement shall have been filed with
the Commission, (iii)&nbsp;when, prior to termination of the offering of the
Securities, any amendment to the Registration Statement shall have been filed
or become effective, (iv)&nbsp;of any request by the Commission or its staff
for any amendment of the Registration Statement, or any Rule&nbsp;462(b)&nbsp;Registration
Statement, or for any supplement to the Prospectus or of any additional
information, (v)&nbsp;of the issuance by the Commission of any stop order
suspending the effectiveness of the Registration Statement or the institution
or threatening of any proceeding for that purpose and (vi)&nbsp;of the receipt
by the Company of any notification with respect to the suspension of the
qualification of the Securities for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose.&#160; The Company will use its reasonable best
efforts to prevent the issuance of any such stop order or the suspension of any
such qualification and, if issued, to obtain as soon as possible the withdrawal
thereof.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">If, at any time
when a prospectus relating to the Securities is required to be delivered under
the 1933 Act and the 1933 Act Regulations promulgated thereunder, any event
occurs as a result of which the Prospectus as then supplemented would include
any untrue statement of a material fact or omit to state any material fact
necessary to make the statements therein in the light of the circumstances
under which they were made not misleading, or if it shall be necessary to amend
the Registration Statement or supplement the Prospectus to comply with the 1933
Act and the 1933 Act Regulations promulgated thereunder, the Company promptly
will (A)&nbsp;notify the Representative of any such event, (B)&nbsp;prepare and
file with the Commission, subject to Section&nbsp;4(a)(i), an amendment or
supplement which will correct such statement or omission or effect such
compliance and (C)&nbsp;supply any supplemented Prospectus to each of the
Underwriters in such quantities as each such Underwriter may reasonably
request.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company
will endeavor in good faith, in cooperation with the Representative, at or
prior to the Effective Date, to qualify the Securities for offering and sale
under the securities laws of such jurisdictions as the Representative may
designate to permit the continuance of sales and dealings therein for as long
as may be necessary to complete the distribution, and shall make such
applications, file such documents and furnish such information as may be
required for such purpose; provided, however, the Company shall not be required
to qualify as a foreign corporation or file a general or limited consent to
service of process in any such jurisdiction.&#160;
In each jurisdiction where such qualification shall be effected, the
Company will, unless the Representative agrees that such action is not at the
time necessary or advisable, use all reasonable efforts to file and make such
statements or reports at such times as are or may reasonably be required by the
laws of such jurisdiction to continue such qualification.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">As soon as
practicable, but in any event not later than 45 days after the end of the 12-month
period beginning on the day after the end of the fiscal quarter of the Company
during which the Effective Date occurs (90 days in the event that the end of
such fiscal quarter is the end of the Company&#146;s fiscal year), the Company shall
make generally available to its security holders, in the manner specified in Rule&nbsp;158
under the 1933 Act, and to the Representative, an earnings statement which will
be in the detail required by, and will otherwise comply with, the provisions of
Section&nbsp;11(a)&nbsp;of the 1933 Act and Rule&nbsp;158 under the 1933 Act.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">During a period
of two years from the date hereof, the Company will furnish to its shareholders
annual reports (including financial statements audited by independent public
accountants)&nbsp;and will deliver to the Representative:</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 2.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">concurrently with furnishing the
above-mentioned quarterly reports to its shareholders, statements of income of
the Company for each quarter, in the form furnished to the Company&#146;s
shareholders and certified by the Company&#146;s principal financial or accounting
officer;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 2.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">concurrently with furnishing the
above-mentioned annual reports to its shareholders, a balance sheet of the
Company as at the end of the preceding fiscal year, together with statements of
operations, </font><font size="2" style="font-size:10.0pt;">shareholder</font><font size="2" style="font-size:10.0pt;">s&#146; equity, and cash flows of the Company for such
fiscal year, accompanied by a copy of the report thereon of independent
certified public accountants;</font></p>

<p align="left" style="margin:0in 0in .0001pt 2.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 2.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">as soon as they are available, copies of
all reports (financial or other)&nbsp;mailed to shareholders;</font></p>

<p align="left" style="margin:0in 0in .0001pt 2.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 2.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">as soon as they are available, copies of
all reports and financial statements furnished to or filed with the Commission
or securities exchange on which any class of securities of the Company is
listed; and</font></p>

<p align="left" style="margin:0in 0in .0001pt 2.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 2.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">every press release and every news item
or article&nbsp;of interest to the financial community in respect of the
Company or its affiliates which was released and prepared by or on behalf of
the Company.</font></p>

<p align="left" style="margin:0in 0in .0001pt 2.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Delivery to the Representative will be deemed to have been made to the
extent the Company has filed the above-referenced materials (including those in
Section&nbsp;4(d)&nbsp;above) with the Commission.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">For a period of
one year from the Closing Date, the Company shall furnish to the
Representative, at the Representative&#146;s request and at the Company&#146;s sole
expense, on a quarterly basis (i)&nbsp;a readily available list of the
securities positions of participants in the Depository Trust Company in the
Common Stock and (ii)&nbsp;as provided from the transfer agent to the Company,
a list of holders of all of the Company&#146;s securities.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company
will furnish to the Representative and Underwriters&#146; Counsel, without charge,
at such place as the Representative may designate, signed copies of the
Registration Statement (including exhibits thereto) and to each other
Underwriter a copy of the Registration Statement (without exhibits
thereto)&nbsp;and, so long as delivery of a prospectus by an Underwriter or
dealer may be required by the 1933 Act and the 1933 Act Regulations promulgated
thereunder, as many copies of each Preliminary Prospectus and the Prospectus
and any supplement thereto as the Representative may reasonably request.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">At the
Execution Time, the Underwriter shall have received an agreement substantially
in the form of Exhibit&nbsp;A hereto signed by the persons listed on Schedule&nbsp;C
hereto (the &#147;Lock-Up Agreements&#148;).&#160; On or
before the Closing Date, the Company shall deliver instructions to the Transfer
Agent authorizing it to place appropriate stop transfer orders on the Company&#146;s
ledgers, subject to the terms and conditions of the Lock-Up Agreements.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company will not offer, sell,
contract to sell, pledge or otherwise dispose of, directly or indirectly, or
file with the Commission a registration statement under</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the Securities Act
relating to, any shares of Common Stock or securities convertible into or exchangeable
or exercisable for any shares of Common Stock, or publicly disclose the
intention to make any offer, sale, pledge, disposition or filing, without the
prior written consent of the Representative for a period of 120 days (&#147;Lock Up
Period&#148;) after the Execution Date (as defined herein).&#160; The foregoing restriction will not apply to
the filing of a registration statement on Form&nbsp;S-8 under the Securities
Act to register securities issuable under the Company&#146;s existing employee
benefit plans, issuance of Common Stock upon exercise of an existing option or
warrant or conversion of existing preferred stock, or the Company&#146;s granting of
awards pursuant to the Company&#146;s existing employee benefit plans.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(j)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Prior to the
completion of the distribution of the Securities by the Underwriters, neither
the Company nor any of its officers or directors nor any of their respective
affiliates (within the meaning of the Exchange Act)&nbsp;will take, and the
Company will use its reasonable best efforts to prevent any 5% shareholder from
taking, directly or indirectly, any action designed to, or which might in the
future reasonably be expected to, cause or result in, under the Exchange Act
and the rules&nbsp;and regulations thereunder or otherwise, stabilization or
manipulation of the price of the Common Stock or any other reference security
with respect to the Common Stock, whether to facilitate the sale or resale of
the Securities or otherwise, and the Company will, and will use reasonable
efforts to cause each of its affiliates to, comply with all applicable
provisions of Regulation M in connection with the distribution of the
Securities.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(k)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company
shall apply the net proceeds from the sale of the Securities in the manner, and
subject to the conditions, set forth under &#147;Use of Proceeds&#148; in the
Prospectus.&#160; Except as described in the
Prospectus, no portion of the net proceeds will be used, directly or
indirectly, to acquire any securities issued by the Company.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(l)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company
shall timely file all such reports, forms or other documents as may be required
from time to time, under the 1933 Act, the Exchange Act and the rules&nbsp;and
regulations promulgated thereunder and all such reports, forms and documents
filed will comply as to form and substance in all material respects with the
applicable requirements under the 1933 Act, the Exchange Act and the rules&nbsp;and
regulations promulgated thereunder.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(m)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company
shall cause the Securities to be listed, subject to notice of issuance, on the
American Stock Exchange and shall use its reasonable best efforts to maintain
the listing of the Common Stock by the American Stock Exchange for so long as
shares of Common Stock are listed on the American Stock Exchange.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Payment of Expenses</u>.&#160; The
Company will pay all costs and expenses in connection with the proposed public
offering of the Securities, including, but not limited to the following:&#160; fees and expenses of filing with the NASD and
the Commission, printing and duplicating costs, all postage and mailing
expenses with respect to the transmission of prospectuses,</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">registrar, warrant and transfer agent fees, &#147;road show&#148; travel related
expenses for Company personnel, its own counsel and accounting fees, costs of
independent due diligence investigations (not to exceed $5,000), bound volumes,
issue and transfer taxes, if any, &#147;blue sky&#148; filing fees, &#147;blue sky&#148; and NASD
counsel fees and expenses and fees and expenses incurred in connection with the
listing of the Securities on the American Stock Exchange.&#160; It is agreed that Underwriters&#146; Counsel shall
perform the required blue-sky legal services, if necessary.&#160; The Representative is authorized upon
consummation of the proposed offering to place customary &#147;tombstone&#148;
advertisements in publications of its choice at its expense.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Conditions of the Underwriters&#146; Obligations</u>.&#160; The
obligations of the Underwriters hereunder shall be subject to (A)&nbsp;the
continuing accuracy of the representations and warranties of the Company
herein, as of the date hereof and as of the Closing Date as if such
representations and warranties had been made on and as of the Closing Date, (B)&nbsp;the
continuing accuracy of the representations and warranties of the Company
herein, as of the date hereof and as of any Option Closing Date, as if such
representations and warranties had been made on and as of the Option Closing
Date, (C)&nbsp; the accuracy on and as of the Closing Date or any Option
Closing Date, of the statements of the officers of the Company made pursuant to
the provisions hereof, (D)&nbsp;the performance by the Company on and as of the
Closing Date and any Option Closing Date, of its covenants and obligations
hereunder, (E)&nbsp;the accuracy of the statements of the Company made in any
certificates pursuant to the provisions hereof, and (F)&nbsp;the following
further conditions:</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">If the
Registration Statement has not become effective prior to the Execution Time,
unless the Representative agrees in writing to a later time, the Registration
Statement will become effective not later than (i)&nbsp;6:00 PM New York City
time on the date of determination of the public offering price, if such
determination occurred at or prior to 3:00 PM New York City time on such date
or (ii)&nbsp;9:30 AM New York City time on the business day following the day
on which the public offering price was determined, if such determination
occurred after 3:00 PM New York City time on such date; if filing of the
Prospectus, or any supplement thereto, is required pursuant to Rule&nbsp;424(b),
the Prospectus, and any such supplement, shall be filed in the manner and
within the time period required by Rule&nbsp;424(b); and no stop order
suspending the effectiveness of the Registration Statement shall have been
issued and no proceedings for that purpose shall have been instituted or threatened.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The
Representative shall not have advised the Company that the Registration
Statement, or any amendment thereto, contains an untrue statement of fact
which, in the Representative&#146;s reasonable opinion, after consultation with
legal counsel, is material or omits to state a fact which, in the
Representative&#146;s opinion, is material and is required to be stated therein or
is necessary to make the statements therein not misleading, or that the
Prospectus, or any supplement thereto, contains an untrue statement of fact
which, in the Representative&#146;s opinion, is material, or omits to state a fact
which, in the Representative&#146;s opinion, is material and is required to be
stated therein or is necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">On or prior to
the Closing Date, the Representative shall have received from Underwriters&#146;
Counsel, such opinions or statements with respect to the organization of the
Company, the validity of the Securities, the compliance as to form of the
Registration Statement, and the Prospectus with the requirements of the 1933
Act and the 1933 Act Regulations promulgated thereunder, and other related
matters as the Representative requests.&#160;
Underwriters&#146; Counsel shall have received such papers and information as
it requests to enable it to pass upon such matters.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">At the Closing Date and, if applicable,
the Option Closing Date, the Underwriters shall have received the favorable
opinion of Haynes and Boone, L.L.P., counsel to the Company, dated the Closing
Date, addressed to the Underwriters and in form and substance satisfactory to
Underwriters&#146; Counsel, to the effect set forth in <u>Exhibit&nbsp;B</u> hereto
with such qualifications and explanatory notes thereto as Underwriters&#146; Counsel
may reasonably accept.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">At any Option
Closing Date, the Underwriters shall have received the favorable opinion of
Haynes and Boone, L.L.P., dated such Option Closing Date, addressed to the
Underwriters and in form and substance satisfactory to Underwriters&#146; Counsel,
confirming, as of such Option Closing Date, the statements made by Haynes and
Boone, L.L.P. in its opinion delivered on such Closing Date.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Prior to each
of the Closing Date and any Option Closing Date, other than as set forth in the
Registration Statement or Prospectus, (i)&nbsp;there shall have been no adverse
change nor development involving a prospective adverse change in the condition,
financial or otherwise, prospects, shareholders&#146; equity or the business
activities of the Company and any of its Subsidiaries taken as a whole, whether
or not in the ordinary course of business, from the latest dates as of which
such condition is set forth in the Registration Statement and Prospectus; (ii)&nbsp;there
shall have been no transaction, not in the ordinary course of business, entered
into by the Company or any of its Subsidiaries, from the latest date as of
which the financial condition of the Company and its Subsidiaries, taken as a whole,
is set forth in the Registration Statement and Prospectus which is adverse to
the Company and its Subsidiaries, taken as a whole; (iii)&nbsp;neither the
Company or any of its Subsidiaries, shall be in default under any provision of
any instrument relating to any outstanding indebtedness; (iv)&nbsp;since the
date of the Prospectus, neither the Company nor any of its Subsidiaries shall
have issued any securities (other than the Securities); (v)&nbsp;since the date
of the Prospectus and except as in accordance with the conversion of the
Company&#146;s 8&#189;% Senior Convertible Preferred Stock, neither the Company nor any
of its Subsidiaries shall have declared or paid any dividend or made any
distribution in respect of its capital stock of any class; (vi)&nbsp;since the
date of the Prospectus, there shall have been no change in the capital stock of
the Company, or any material change in the debt (long or short term)&nbsp;or
liabilities or obligations of the Company or any of its Subsidiaries
(contingent or otherwise); (vii)&nbsp;since the date of the Prospectus, no
amount of the assets of the Company or any of its Subsidiaries shall have been
pledged or mortgaged; (viii)&nbsp;no actions, suits or proceedings, at law or
in equity,</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">shall have been pending or, to the best knowledge of the Company,
threatened (or circumstances giving rise to same)&nbsp;against the Company or
any of its Subsidiaries, or affecting any of its properties or business, before
or by any court or federal, state or foreign commission, board or other
administrative agency wherein unfavorable decisions, rulings or findings may
have, individually or in the aggregate, a Material Adverse Effect; and (ix)&nbsp;no
stop order shall have been issued under the 1933 Act and no proceedings
therefor shall have been initiated or, to the best knowledge of the Company,
threatened or contemplated by the Commission.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">At each of the
Closing Date and any Option Closing Date, the Underwriters shall have received
a certificate of the Company signed by the principal executive officer and by
the principal financial officer of the Company, dated the Closing Date or such
Option Closing Date, as the case may be, to the effect that each such person
has carefully examined the Registration Statement, the Prospectus and this
Agreement, and that:</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the
representations and warranties of the Company in this Agreement are true and
correct in all respects as if made on and as of such Closing Date or Option
Closing Date, as the case may be, and the Company has complied with all
agreements and covenants and satisfied all conditions contained in this
Agreement on its part to be performed or satisfied at or prior to such Closing
Date or Option Closing Date, as the case may be;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">no stop order
suspending the effectiveness of the Registration Statement or any part thereof
has been issued, and no proceedings for that purpose have been instituted or
are pending or, to the best of each of such person&#146;s knowledge, after due
inquiry, are contemplated or threatened;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Registration
Statement and the Prospectus and, if any, each amendment and each supplement
thereto, contain all statements and information required to be included
therein, and neither the Registration Statement nor any amendment or supplement
thereto includes any untrue statement of a material fact or omits to state any
material fact required to be stated therein or necessary to make the statements
therein not misleading and neither the Prospectus nor any supplement thereto
included any untrue statement of a material fact or omitted to state any
material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not
misleading; and</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.65in;text-align:left;text-indent:-.65in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">since the date
of the most recent financial statements included in the Prospectus (exclusive
of any supplement thereto), there has been no material adverse change in the
condition (financial or otherwise), earnings, business, prospects or properties
of the Company and its Subsidiaries, taken as a whole, whether or not arising
from transactions in the ordinary course of business.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company
shall have requested and caused Lane Gorman Trubitt, LLP to have furnished to
the Representative letters, at the Execution Time, the Closing Date and Option
Closing Date, as the case may be, dated respectively as of the Execution Time,
the Closing Date and Option Closing Date, as the case may be, in form and
substance satisfactory to the Representative, containing statements and
information of the type ordinarily included in accountant&#146;s &#147;comfort letters&#148;
with respect to the financial statements and certain financial information
contained in the Registration Statement and the Prospectus.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">On each of the
Closing Date any Option Closing Date, there shall have been duly tendered to
the Representative for the several Underwriters&#146; accounts the appropriate
number of Securities.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(j)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">No order
suspending the sale of the Securities in any jurisdiction designated by the
Representative pursuant to subsection&nbsp;(c)&nbsp;of Section&nbsp;4 hereof
shall have been issued on either the Closing Date or any Option Closing Date,
and no proceedings for that purpose shall have been instituted or shall be
contemplated.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(k)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">At the Closing
Date, the Securities shall have been approved for listing, and admitted to
trading, on the American Stock Exchange, subject only to official notice of
issuance.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(l)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">On the Closing Date and Option Closing
Date, if applicable, Wayne A. Whitener shall be the then current and acting
President and Chief Executive Officer of the Company.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(m)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">If required
under its regulations, the NASD shall have confirmed that it has not raised any
objection with respect to the fairness and reasonableness of the underwriting
terms and arrangements.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(n)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">On or prior to
the date of this Agreement, each of the individuals identified on <u>Schedule&nbsp;C</u>
shall have executed and delivered to the Representative an agreement
substantially in the form of <u>Exhibit&nbsp;A</u> hereto; such agreements
shall not have been amended or revoked; and such agreements shall be in full
force and effect.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(o)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Prior to the
Closing Date, the Company shall have furnished to the Representative such
further information, certificates and documents as the Representative may reasonably
request.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If any of the conditions specified in this Section&nbsp;6, if not
otherwise qualified as to materiality, shall not have been fulfilled in all
material respects, and if otherwise qualified as to materiality, shall not have
been fulfilled in all respects, when and as provided in this Agreement, or if
any of the opinions and certificates mentioned above or elsewhere in this
Agreement, if not otherwise qualified as to materiality shall not be in all
material respects, and if otherwise qualified as to materiality shall not be,
reasonably satisfactory in form and substance to the Representative and
Underwriters&#146; Counsel, this Agreement and all obligations of the Underwriters
hereunder may be canceled at, or at any time prior to, the Closing Date by the
Representative.&#160; Notice of such
cancellation</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">shall be given to the Company in writing or by telephone or facsimile
confirmed in writing.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The documents required to be delivered by this Section&nbsp;6 shall be
delivered at the offices of Porter&nbsp;&amp; Hedges, L.L.P., 1000 Main, 36<sup>th</sup>
Floor, Houston, Texas 77002, on the Closing Date.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Reimbursement of Underwriters&#146; Expenses</u>.&#160; If
the sale of the Securities provided for herein is not consummated because any
condition to the obligations of the Underwriters set forth in Section&nbsp;6
hereof is not satisfied, because of any termination pursuant to Section&nbsp;11
hereof or because of any refusal, inability or failure on the part of the
Company to perform any agreement herein or comply with any provision hereof
other than by reason of a default by any of the Underwriters, the Company will
reimburse the Underwriters severally through the Representative on demand for
all of its reasonable and accountable out-of-pocket expenses (including
reasonable fees and disbursements of counsel)&nbsp;that shall have been
incurred by them in connection with the proposed purchase and sale of the
Securities; provided, further, that if the transactions contemplated by this
Agreement are not consummated because of the Company&#146;s actions or
failure to take such actions as the Representative believes are reasonably
required to complete the offering contemplated herein, then the Company shall
promptly reimburse the Representative for all of its reasonable and accountable out-of-pocket expenses not to exceed
$175,000.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Indemnification and Contribution</u>.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company
agrees to indemnify and hold harmless each Underwriter, the directors,
officers, employees and agents of each Underwriter and each person who controls
any Underwriter within the meaning of either the 1933 Act or the Exchange Act
against any and all losses, claims, damages or liabilities, joint or several,
to which they or any of them may become subject under the 1933 Act, the
Exchange Act or other federal or state statutory law or regulation, at common
law or otherwise, insofar as such losses, claims, damages or liabilities (or
actions in respect thereof)&nbsp;arise out of or are based upon any untrue
statement or alleged untrue statement of a material fact contained in the
registration statement for the registration of the Securities as originally
filed or in any amendment thereof, or in any Preliminary Prospectus or the
Prospectus, or in any amendment thereof or supplement thereto, or arise out of or
are based upon the omission or alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements therein
not misleading, and agrees to reimburse each such indemnified party, as
incurred, for any legal or other expenses reasonably incurred by them in
connection with investigating or defending any such loss, claim, damage,
liability or action; provided, however, that the Company will not be liable in
any such case to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or alleged untrue
statement or omission or alleged omission made therein in reliance upon and in
conformity with written information furnished to the Company by or on behalf of</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">any Underwriter through the Representative specifically for inclusion
therein.&#160; This indemnity agreement will
be in addition to any liability which the Company may otherwise have.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Each
Underwriter severally and not jointly agrees to indemnify and hold harmless the
Company, each of its directors, each of its officers who signs the Registration
Statement, and each person who controls the Company within the meaning of
either the 1933 Act or the Exchange Act to the same extent as the foregoing
indemnities to each Underwriter, but only with reference to written information
relating to such Underwriter furnished to the Company by or on behalf of such
Underwriter through the Representative specifically for inclusion in the
documents referred to in the foregoing indemnity.&#160; This indemnity agreement will be in addition
to any liability which any Underwriter may otherwise have.&#160; The Company acknowledges that the statements
set forth under the heading &#147;Underwriting&#148;, (i)&nbsp;the sentences related to
concessions and reallowances and (ii)&nbsp;the paragraph related to
stabilization, syndicate covering transactions and penalty bids in any
Prospectus or the Registration Statement constitute the only information
furnished in writing by or on behalf of the several Underwriters for inclusion
in any Prospectus or the Registration Statement.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Promptly after receipt by an
indemnified party under this Section&nbsp;8 of notice of the commencement of
any action, such indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section&nbsp;8, notify the
indemnifying party in writing of the commencement thereof; but the failure so
to notify the indemnifying party (i)&nbsp;will not relieve it from liability
under paragraphs (a)&nbsp;or (b)&nbsp;above unless and to the extent it did not
otherwise learn of such action and such failure results in the forfeiture by
the indemnifying party of substantial rights and defenses and (ii)&nbsp;will
not, in any event, relieve the indemnifying party from any obligations to any
indemnified party other than the indemnification obligation provided in
paragraphs (a)&nbsp;or (b)&nbsp;above. The indemnifying party shall be entitled
to appoint counsel of the indemnifying party&#146;s choice at the indemnifying party&#146;s
expense to represent the indemnified party in any action for which
indemnification is sought (in which case the indemnifying party shall not
thereafter be responsible for the fees and expenses of any separate counsel
retained by the indemnified party or parties except as set forth below); provided,
however, that such counsel shall be reasonably satisfactory to the indemnified
party.&#160; Notwithstanding the indemnifying
party&#146;s election to appoint counsel to represent the indemnified party in an
action, the indemnified party shall have the right to employ separate counsel
(including local counsel), and the indemnifying party shall bear the reasonable
fees, costs and expenses of such separate counsel if (i)&nbsp;the use of
counsel chosen by the indemnifying party to represent the indemnified party
would present such counsel with a conflict of interest, (ii)&nbsp;the actual or
potential defendants in, or targets of, any such action include both the
indemnified party and the indemnifying party and the indemnified party shall
have reasonably concluded that there may be legal defenses available to it
and/or other indemnified parties which are different from or additional to
those available to the indemnifying party, (iii)&nbsp;the indemnifying</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">party shall not have employed counsel satisfactory to the indemnified
party to represent the indemnified party within a reasonable time after notice
of the institution of such action or (iv)&nbsp;the indemnifying party shall
authorize the indemnified party to employ separate counsel at the expense of
the indemnifying party.&#160; An indemnifying
party will not, without the prior written consent of the indemnified parties,
settle or compromise or consent to the entry of any judgment with respect to
any pending or threatened claim, action, suit or proceeding in respect of which
indemnification or contribution may be sought hereunder (whether or not the
indemnified parties are actual or potential parties to such claim or
action)&nbsp;unless such settlement, compromise or consent includes an unconditional
release of each indemnified party from all liability arising out of such claim,
action, suit or proceeding.</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In the event that the
indemnity provided in paragraphs (a)&nbsp;or (b)&nbsp;of this Section&nbsp;8 is
unavailable to or insufficient to hold harmless an indemnified party for any
reason, the Company and the Underwriters agree to contribute to the aggregate
losses, claims, damages and liabilities (including legal or other expenses
reasonably incurred in connection with investigating or defending same)&nbsp;(collectively
&#147;Losses&#148;)&nbsp;to which the Company and one or more of the Underwriters may be
subject in such proportion as is appropriate to reflect the relative benefits
received by the Company and by the Underwriters from the offering of the
Securities; provided, however, that in no case shall any Underwriter (except as
may be provided in any agreement among underwriters relating to the offering of
the Securities)&nbsp;be responsible for any amount in excess of the
underwriting discount or commission applicable to the Securities purchased by
such Underwriter hereunder.&#160; If the
allocation provided by the immediately preceding sentence is unavailable for
any reason, the Company and the Underwriters shall contribute in such proportion
as is appropriate to reflect not only such relative benefits but also the
relative fault of the Company and of the Underwriters in connection with the
statements or omissions which resulted in such Losses as well as any other
relevant equitable considerations.&#160;
Benefits received by the Company shall be deemed to be equal to the
total net proceeds from the offering (before deducting expenses)&nbsp;received
by it and benefits received by the Underwriters shall be deemed to be equal to
the total underwriting discounts and commissions, in each case as set forth on
the cover page&nbsp;of the Prospectus.&#160;
Relative fault shall be determined by reference to, among other things,
whether any untrue or any alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information
provided by the Company or the Underwriters, the intent of the parties and
their relative knowledge, access to information and opportunity to correct or
prevent such untrue statement or omission.&#160;
The Company and the Underwriters agree that it would not be just and
equitable if contribution were determined by pro rata allocation or any other
method of allocation that does not take account of the equitable considerations
referred to above. Notwithstanding the provisions of this paragraph (e), no
person guilty of fraudulent misrepresentation (within the meaning of Section&nbsp;11(f)&nbsp;of
the 1933 Act)&nbsp;shall be entitled to contribution from any person who was
not guilty of such fraudulent misrepresentation.&#160; For</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">purposes of this Section&nbsp;8, each person who controls an
Underwriter within the meaning of either the 1933 Act or the Exchange Act and
each director, officer, employee and agent of an Underwriter shall have the
same rights to contribution as such Underwriter, and each person who controls
the Company within the meaning of either the 1933 Act or the Exchange Act, each
officer of the Company and each director of the Company shall have the same
rights to contribution as the Company, subject in each case to the applicable
terms and conditions of this subsection&nbsp;8 (e).</font></p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Representations and Indemnities to Survive
Delivery</u>.&#160; All representations, warranties, agreements,
indemnities and other statements of the Company or its officers and of the Underwriters,
contained in this Agreement or contained in certificates of officers of the
Company submitted pursuant hereto, shall be deemed to be representations,
warranties and agreements as of the Closing Date and as of any Option Closing
Date, as the case may be, and such representations, warranties and agreements
and the indemnity agreements contained in Section&nbsp;8 hereof, shall remain
operative and in full force and effect regardless of any investigation made by
or on behalf of any Underwriter, the Company or any controlling person of any
Underwriter or the Company, and shall survive the termination of this Agreement
or the issuance, sale and delivery of the Securities to the Underwriters and
the Representative, as the case may be.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Effective Date</u>.&#160; This
Agreement shall become effective upon the later of when (i)&nbsp;the
Underwriters and the Company shall have received notification of the
effectiveness of the Registration Statement or (ii)&nbsp;the execution of this
Agreement.&#160; If either the public offering
price or the purchase price per Security has not been agreed upon prior to 5:00&nbsp;P.M.,
New York time, on the fifth full business day after the Registration Statement
shall have become effective, this Agreement shall thereupon terminate without
liability to the Company or the Underwriters except as herein expressly
provided.&#160; Until this Agreement becomes
effective as aforesaid, it may be terminated by the Company by notifying the
Representative or by the Representative by notifying the Company.&#160; Notwithstanding the foregoing, the provisions
of this Section&nbsp;10 and of Section&nbsp;5 hereof shall at all times be in
full force and effect.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Termination</u>.&#160; This Agreement shall be
subject to termination in the absolute discretion of the Representative, by
notice given to the Company prior to delivery of and payment for the
Securities, if at any time prior to such time (i)&nbsp;trading in any
securities of the Company shall have been suspended by the Commission or the
American Stock Exchange or trading in securities generally on the New York
Stock Exchange, the Nasdaq National Market or American Stock Exchange shall
have been suspended or limited or minimum prices shall have been established on
any of such exchanges or by such system or by order of the Commission, the NASD
or any governmental authority, (ii)&nbsp;the Company shall have sustained a
loss material or substantial to the Company by fire, flood, accident,
hurricane, earthquake, theft, sabotage or other calamity or malicious act
which, whether or not such loss shall have been insured, will, in the
Representative&#146;s opinion, make it impracticable or inadvisable to proceed with
the delivery of the Securities, (iii)&nbsp;a banking moratorium shall have been
declared either by federal or New York state authorities, (iv)&nbsp;any
domestic or international event or act or occurrence has</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">materially disrupted, or in the Representative&#146;s opinion, will in the
immediate future materially adversely disrupt, the financial markets, (v)&nbsp;any
material adverse change in the financial markets shall have occurred, or (vi)&nbsp;there
shall have occurred any outbreak or escalation of hostilities, declaration by
the United States of a national emergency or war, or other calamity or crisis
the effect of which on financial markets is such as to make it, in the sole
judgment of the Representative, impractical or inadvisable to proceed with the
offering or delivery of the Securities as contemplated by the Prospectus.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If this Agreement shall be terminated pursuant to any of the provisions
hereof (otherwise than pursuant to (i)&nbsp;notification by the Representative
as provided in Section&nbsp;10 hereof or (ii)&nbsp;Section&nbsp;12 or 13
hereof), or if the sale of the Securities provided for herein is not
consummated because any condition to the obligations of the Underwriters set
forth herein is not satisfied or because of any refusal, inability or failure
on the part of the Company to perform any agreement herein or comply with any
provision hereof, the Company will, subject to demand by the Representative,
reimburse the Underwriters for all reasonable out-of-pocket expenses (including
the reasonable fees and expenses of their counsel), incurred by the
Underwriters in connection herewith.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Default by an Underwriter</u>.&#160; If
any one or more Underwriters shall fail to purchase and pay for any of the
Securities agreed to be purchased by such Underwriter or Underwriters hereunder
and such failure to purchase shall constitute a default in the performance of
its or their obligations under this Agreement, the remaining Underwriters shall
be obligated severally to take up and pay for (in the respective proportions
which the amount of Securities set forth opposite their names in Schedule&nbsp;A
hereto bears to the aggregate amount of Securities set forth opposite the names
of all the remaining Underwriters)&nbsp;the Securities which the defaulting
Underwriter or Underwriters agreed but failed to purchase; provided, however,
that in the event that the aggregate amount of Securities which the defaulting
Underwriter or Underwriters agreed but failed to purchase shall exceed 10% of
the aggregate amount of Securities set forth in Schedule&nbsp;A hereto, the
remaining Underwriters shall have the right to purchase all, but shall not be
under any obligation to purchase any, of the Securities, and if such
nondefaulting Underwriters do not purchase all the Securities, this Agreement
will terminate without liability to any non-defaulting Underwriter or the
Company.&#160; In the event of a default by
any Underwriter as set forth in this Section&nbsp;12, the Closing Date shall be
postponed for such period, not exceeding five business days, as the
Representative shall determine in order that the required changes in the
Registration Statement and the Prospectus or in any other documents or arrangements
may be effected.&#160; Nothing contained in
this Agreement shall relieve any defaulting Underwriter of its liability, if
any, to the Company and any nondefaulting Underwriter for damages occasioned by
its default hereunder.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Default by the Company</u>. &#160;If
the Company shall fail on the Closing Date or on any Option Closing Date, as
applicable, to sell and deliver the number of Securities which it is obligated
to sell hereunder on such date, then this Agreement shall terminate (or, if
such default shall occur with respect to any Option Shares to be purchased on
an Option Closing Date, the Underwriters may, at the Representative&#146;s option,
by notice from the Representative to the Company, terminate the Underwriters&#146;
obligation to purchase Option Shares from the Company on such
date)&nbsp;without any liability on the part of any</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">29</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">non-defaulting party other than pursuant to Sections 5 and 8
hereof.&#160; No action taken pursuant to this
Section&nbsp;13 shall relieve the Company from liability, if any, in respect of
such default.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Notices</u>.&#160; All notices and communications
hereunder, except as herein otherwise specifically provided, shall be in
writing and shall be deemed to have been duly given if mailed or transmitted by
any standard form of telecommunication.&#160;
Notices to the Underwriters shall be directed to Oppenheimer&nbsp;&amp;
Co. Inc., 125 Broad Street, New York, New York 10004, Attention: Henry P.
Williams, (Facsimile Number: (212)&nbsp;425-2028), with a copy to Porter&nbsp;&amp;
Hedges, L.L.P., 1000 Main, 36<sup>th</sup> Floor, Houston, Texas 77002,
Attention: Robert G. Reedy (Facsimile Number:&#160;
(713)&nbsp;226-6274).&#160; Notices to
the Company shall be directed to the Company at TGC Industries,&nbsp;Inc., 1304
Summit, Suite&nbsp;2, Plano, Texas 75074, Attention:&#160; Wayne A. Whitener, (Facsimile Number:&#160; (972)&nbsp;424-3943), with a copy to Haynes and Boone, L.L.P., 201 Main Street, Suite&nbsp;2900,
Forth Worth, Texas 76102, Attention:&#160;
Rice M. Tilley,&nbsp;Jr. (Facsimile Number:&#160; (817)&nbsp;347-6650).</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Parties</u>.&#160; This Agreement shall inure
solely to the benefit of and shall be binding upon, the Underwriters, the
Company and the controlling persons, directors and officers referred to in Section&nbsp;8
hereof, and their respective successors, legal representatives and assigns, and
no other person shall have or be construed to have any legal or equitable
right, remedy or claim under or in respect of or by virtue of this Agreement or
any provisions herein contained.&#160; No
purchaser of Securities from any Underwriter shall be deemed to be a successor by
reason merely of such purchase.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Applicable Law</u>.&#160; This
Agreement and all questions relating to its validity, interpretation,
performance and enforcement shall be governed by and construed in accordance
with the laws of the State of New York.&#160;
Each of the parties irrevocably submits to the exclusive jurisdiction of
the state and federal courts of competent jurisdiction sitting in New York City
and waives any objection to venue in such courts.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Counterparts</u>.&#160; This
Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original, and all of which taken together shall be deemed to be
one and the same agreement.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Headings</u>.&#160; The section&nbsp;headings used
herein are for convenience only and shall not affect the construction hereof.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Entire Agreement; Amendments</u>.&#160; This
Agreement constitutes the entire agreement of the parties hereto and supersedes
all prior written or oral agreements, understandings and negotiations with
respect to the subject matter hereof.&#160;
This Agreement may not be amended except in a writing, signed by the
Representative and the Company.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">30</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the foregoing correctly sets forth the understanding between the
Underwriters and the Company, please so indicate in the space provided below
for that purpose, whereupon this letter shall constitute a binding agreement
among us.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.36%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:51.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Very truly yours,</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.36%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="51%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:51.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.36%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:51.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">TGC INDUSTRIES, INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.36%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="51%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:51.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.36%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="51%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:51.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.36%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Wayne A. Whitener</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.36%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.16%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wayne A. Whitener</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.36%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.16%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President and Chief
  Executive Officer</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Confirmed and accepted as of<br>
the date first above written.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OPPENHEIMER&nbsp;&amp; CO. INC.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For itself and as Representative<br>
of the several Underwriters named<br>
in Schedule&nbsp;A hereto.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.76%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="28%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:28.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Henry P. Williams</font></p>
  </td>
  <td width="68%" valign="top" style="padding:0in 0in 0in 0in;width:68.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name: Henry P. Williams</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title: Managing Director</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SCHEDULE&nbsp;A</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="81%" valign="bottom" style="padding:0in 0in 0in 0in;width:81.1%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.52%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.14%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">No.&nbsp;of Securities</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.26%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="81%" valign="bottom" style="padding:0in 0in 0in 0in;width:81.1%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.52%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="15%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:15.14%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">to be Purchased</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.26%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="81%" valign="bottom" style="padding:0in 0in 0in 0in;width:81.1%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.52%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:15.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.26%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="81%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:81.1%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Oppenheimer&nbsp;&amp;
  Co. Inc.</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.52%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:15.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,300,000</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.26%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="81%" valign="bottom" style="padding:0in 0in 0in 0in;width:81.1%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.52%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.26%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="81%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:81.1%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sanders Morris Harris
  Inc.</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.52%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:15.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,200,000</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.26%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="81%" valign="bottom" style="padding:0in 0in 0in 0in;width:81.1%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.52%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:15.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.26%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="81%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:81.1%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">TOTAL:</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.52%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:double windowtext 1.5pt;padding:0in 0in 0in 0in;width:15.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,500,000</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.26%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-1</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SCHEDULE&nbsp;B</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subsidiaries</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="60%" style="border-collapse:collapse;width:60.0%;">
 <tr>
  <td width="66%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:66.02%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Name</font></b></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.48%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="28%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:28.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Jurisdiction</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="66%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:66.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tidelands Geophysical Co.,&nbsp;Inc.</font></p>
  </td>
  <td width="5%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:5.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:28.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Texas</font></p>
  </td>
 </tr>
 <tr>
  <td width="66%" valign="top" style="padding:0in 0in 0in 0in;width:66.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="66%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:66.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exploration Surveys,&nbsp;Inc.</font></p>
  </td>
  <td width="5%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:5.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:28.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Texas</font></p>
  </td>
 </tr>
</table>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SCHEDULE&nbsp;C</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">List of Person Subject to the Lock-Up</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">William J. Barrett</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Edward L. Flynn</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Allen T. McInnes</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">William C. Hurtt,&nbsp;Jr.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Herbert M. Gardner</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Kenneth W. Uselton</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wayne A. Whitener</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Daniel G. Winn</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-1</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EXHIBIT&nbsp;A</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;of Lock-Up</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TGC
INDUSTRIES, INC.<br>
</font></b>(a Texas corporation)</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2005</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Oppenheimer&nbsp;&amp;
Co. Inc.<br>
Sanders Morris Harris Group Inc.<br>
c/o Oppenheimer&nbsp;&amp; Co. Inc.<br>
125 Broad Street<br>
New York, New York 10004</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ladies and Gentlemen:</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned understands that TGC Industries,&nbsp;Inc.,
a Texas corporation (the &#147;Company&#148;), has filed with the Securities and Exchange
Commission a registration statement on Form&nbsp;SB-2 (the &#147;<b><font style="font-weight:bold;">Registration Statement</font></b>&#148;) relating to an
underwritten public offering (the &#147;<b><font style="font-weight:bold;">Offering</font></b>&#148;)
of common stock, $0.01 par value (the &#147;<b><font style="font-weight:bold;">Common
Stock</font></b>&#148;), of the Company.&#160; To
induce Oppenheimer&nbsp;&amp; Co. Inc. (&#147;<b><font style="font-weight:bold;">Oppenheimer</font></b>&#148;)
to enter into an underwriting agreement (the &#147;<b><font style="font-weight:bold;">Underwriting
Agreement</font></b>&#148;) with the Company the undersigned hereby agrees that
during the period commencing on the date hereof and ending on the 120th day
following the effective date of the Registration Statement (the &#147;<b><font style="font-weight:bold;">Restricted Period</font></b>&#148;) the undersigned will
not, without the prior written consent of Oppenheimer: (i)&nbsp;offer, sell,
contract to sell, pledge, or otherwise dispose of, directly or indirectly, or
file a registration statement under the Securities Act of 1933, as amended (the
&#147;<b><font style="font-weight:bold;">Securities Act</font></b>&#148;), relating to,
any shares of the Common Stock or securities convertible into or exchangeable
or exercisable for any shares of the Common Stock; (ii)&nbsp;enter into a transaction
that would have the same effect or enter into any swap, hedge, or other
arrangement that transfers, in whole or in part, any of the economic
consequences of ownership of the Common Stock, whether any of these
transactions are to be settled by delivery of the Common Stock or other
securities; or (iii)&nbsp;publicly disclose, unless required by law, the
intention to make any offer, sale, pledge, or disposition or enter into any
transaction, swap, hedge, or other arrangement, without, in each case, the prior
written consent of Oppenheimer.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If (i)&nbsp;the Company issues an earnings release or
announces material news, or a material event relating to the Company occurs,
during the last 17 days of the Restricted Period, or (ii)&nbsp;prior to the
expiration of the Restricted Period, the Company announces that it will release
earnings results during the 16-day period beginning on the last day of the
Restricted Period, the restrictions imposed by this letter shall continue to
apply until the expiration of a 17-day period beginning on the issuance of the
earnings release, the announcement of material news, or the occurrence of a
material event.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
restrictions contained in the foregoing paragraphs shall not apply to: (i)&nbsp;the
transfer of any shares of Common Stock pursuant to a tender offer, exchange
offer, merger, business</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-1</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='A-1',FILE='C:\JMS\mschroe\05-15384-4\task602799\15384-4-ka-03.htm',USER='mschroea',CD='Oct  6 16:05 2005' -->


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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">combination or similar transaction that will result in
the holders of the Common Stock outstanding immediately prior to such
transaction failing to continue to represent at least 50% percent of the
combined voting power of the Common Stock or such surviving or other entity
outstanding immediately after such transaction; (ii)&nbsp;the sale or
disposition of all or substantially all of the Company&#146;s assets (or
consummation of any transaction, or series of related transactions, having
similar effect); (iii)&nbsp;the transfer of shares of Common Stock as family
gifts and/or gifts to any charitable institution (but not to exceed a total of
25,000 shares) by the undersigned after the filing of the Registration
Statement and until September&nbsp;20, 2005; (iv)&nbsp;the sale by the undersigned&#146;s spouse of up to an
aggregate of 25,000 shares of Common Stock, owned by such spouse, after the 30-day
post-Offering stabilization period following the closing of the Offering; (v)&nbsp;the delivery by the undersigned (or the
undersigned&#146;s spouse) of Common Stock in fulfillment of the over allotment
option referred to in the Registration Statement; (vi)&nbsp;the repurchase by
the Company from its directors of stock purchase warrants as contemplated by
the Registration Statement; (vii)&nbsp;any shares of Common Stock issued, or
options to purchase Common Stock granted, or transfers to the Company of
existing shares of Common Stock in connection with a &#147;cashless exercise&#148; of
options,&#160; in accordance with the terms
contained in the current stock option plans of the Company; (viii)&nbsp;the
issuance by the Company of Common Stock upon the conversion or exercise of
outstanding securities of the Company exercisable or convertible into shares of
Common Stock;; (ix)&nbsp;the transfer to any trust for the benefit of the
undersigned or the undersigned&#146;s immediate family; or (x) the transfer by will
or intestacy to the undersigned&#146;s legal representative, heir, or legatee.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition,
the undersigned hereby waives any and all rights to request or demand
registration pursuant to the Securities Act of any shares of Common Stock that
are registered in the name of the undersigned, such waiver to be effective with
respect to the period from the date hereof until the expiration of the
Restricted Period.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Anything contained</font><font size="2" style="font-size:10.0pt;"> herein to the contrary notwithstanding,
any person (other than charitable institutions) to whom shares of Common Stock
are transferred from the undersigned shall be bound by the terms hereof by
executing and delivering to Oppenheimer a duplicate form of this letter.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">It is understood that, if the Company notifies you that it does not
intend to proceed with the Offering, if the Underwriting Agreement is not
executed, or if the Underwriting Agreement (other than the provisions thereof
which survive termination) shall terminate or be terminated prior to payment
for and delivery of the shares of the Common Stock in the Offering, the
undersigned shall be released from all obligations under this letter.&#160; In any event the restrictions contained
herein shall expire on December&nbsp;1, 2005.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[<i><font style="font-style:italic;">Signature Page&nbsp;Follows</font></i>]</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-2</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='A-2',FILE='C:\JMS\mschroe\05-15384-4\task602799\15384-4-ka-03.htm',USER='mschroea',CD='Oct  6 16:05 2005' -->


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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:36.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:36.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Signature)</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:36.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:36.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Printed Name)</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:36.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:36.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Signature of Spouse)</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:36.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:36.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;(Printed Name of Spouse)</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.92%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-3</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='A-3',FILE='C:\JMS\mschroe\05-15384-4\task602799\15384-4-ka-03.htm',USER='mschroea',CD='Oct  6 16:05 2005' -->


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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EXHIBIT&nbsp;B</font></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">FORM&nbsp;OF OPINION OF COUNSEL</font></b></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(HAYNES AND BOONE, L.L.P.)</font></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Each
of the Company and its Subsidiaries is incorporated and validly existing as a
corporation and is in good standing under the laws of the State of Texas, and
has the corporate power and authority to own or lease its properties and to
conduct its business as described in the Prospectus.&#160; Each of the Company and its Subsidiaries is
qualified to do business as a foreign corporation and is in good standing in
each jurisdiction set forth on an exhibit to such counsel&#146;s opinion.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
Company has the authorized capital stock as set forth in the Prospectus under
the caption, &#147;Description of Capital Stock&#148; and it conforms in all material
respects to the description thereof contained therein.&#160; Since 1986, all of the issued and outstanding
shares of capital stock of the Company have been duly and validly authorized
and issued.&#160; The Securities have been
duly and validly authorized, and when the Securities are issued and duly
delivered against payment therefor as contemplated by the Underwriting
Agreement, the Securities will be fully paid and nonassessable.&#160; The form of certificates used to evidence the
Common Stock complies in all material respects with applicable Texas law and
any applicable requirements of the articles of incorporation and by-laws of the
Company.&#160; Except as set forth in the
Prospectus, the holders of outstanding shares of capital stock of the Company
are not entitled to preemptive or other rights to subscribe for the Securities
pursuant to any Material Agreement.&#160;
Except as set forth in the Prospectus, solely based upon such counsel&#146;s
review of the Material Agreements and the minute books of the Company, no
options, warrants or other rights to purchase, agreements or other obligations
to issue, or rights to convert any obligations into or exchange any securities
for, shares of capital stock of or ownership interests in the Company are
outstanding.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
issued and outstanding shares of capital stock of each Subsidiary have been
duly authorized and validly issued, are fully paid and non-assessable and are
owned directly by the Company, free and clear of all liens, encumbrances,
equities or claims, and none of such securities were issued in violation of any
preemptive right pursuant to a Material Agreement or the Texas Business
Corporation Act.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
Registration Statement has become effective under the 1933 Act.&#160; Any required filing of the Prospectus
pursuant to Rule&nbsp;424(b)&nbsp;has been made in the manner and within the
time period required by Rule&nbsp;424(b).&#160;
To such counsel&#146;s knowledge, no stop order suspending the effectiveness
of the Registration Statement under the 1933 Act has been issued and, to the
knowledge of such counsel, no proceedings for that purpose have been instituted
or threatened by the Commission.&#160; The
Registration Statement and the Prospectus and each amendment or supplement
thereto made by the Company prior to the Closing Date (other than the financial
statements and any related schedules therein and other statements of a
financial or accounting nature therein, as to which such counsel expresses no
opinion) comply as to form in all material respects with the requirements of
the 1933 Act and the rules&nbsp;and regulations thereunder.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
descriptions in the Registration Statement and the Prospectus and any
supplement or amendment thereto of contracts and other documents to which the
Company or any of its Subsidiaries is a party or by which it is bound, are
accurate in all material respects and fairly represent the information required
to be shown by Form&nbsp;SB-2, except with respect to Wayne Whitener&#146;s
employment agreement.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To
the knowledge of such counsel, other than as set forth in the Registration
Statement, there are no actions, suits or proceedings pending or threatened, at
law or in equity, or before or by any federal, state, municipal or other
governmental court, department, commission, board, bureau, agency or other
instrumentality or any arbitrator affecting the Company or either of its
Subsidiaries that would, if adversely determined, have a Material Adverse
Effect or adversely affect the consummation of the transactions contemplated by
the Underwriting Agreement or that are of a character required to be described
in the Registration Statement that are not described as required.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
Company has the corporate power and authority to enter into the Underwriting
Agreement and to perform its obligations thereunder.&#160; The Underwriting Agreement has been duly
authorized, executed and delivered by the Company.&#160; Neither the issue and sale of the Securities,
nor the consummation of any other transaction contemplated by the Underwriting
Agreement will conflict with, result in a breach or violation of, or an
imposition of any lien, charge or encumbrance upon any property or assets of
the Company or any of its Subsidiaries pursuant to, (A)&nbsp;the articles of
incorporation or by-laws of the Company or any of its Subsidiaries (B)&nbsp;any
Material Agreements, or (C)&nbsp;any federal, New York or Texas law, or any
Material Order.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except as described in the Prospectus, no
consent, approval, authorization, order of, or registration or filing with any
federal or New York or Texas court or other governmental or regulatory
authority or agency is required for the Company&#146;s execution, delivery and
performance of the Underwriting Agreement and consummation of the transactions
contemplated thereby, except such as (A)&nbsp;have been obtained or made by the
Company and are in full force and effect under the Act, or (B)&nbsp;may be
required by applicable state securities or blue sky laws and by the National
Association of Securities Dealers and the American Stock Exchange.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
statements in the Prospectus under &#147;Description of Capital Stock,&#148; insofar as
such statements purport to constitute a summary of the terms of the Company&#146;s
capital stock, fairly summarize in all material respects the matters referred
to therein.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Neither
the Company nor either of its Subsidiaries is an &#147;investment company,&#148; within
the meaning of the Investment Company Act of 1940, as amended.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To
such counsel&#146;s knowledge, the Company and its Subsidiaries possess all licenses,
certificates, authorizations and permits issued by the appropriate federal, New
York or Texas regulatory authorities necessary to conduct their businesses,
except for such licenses, certificates, authorizations or permits the failure
of which to maintain would not have a Material Adverse Effect.&#160; To such counsel&#146;s knowledge, neither the
Company nor any Subsidiary has received any notice of proceedings relating to
the revocation or</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-2</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">modification of
any such certificate, authorization or permit which, singly or in the
aggregate, if the subject of an unfavorable decision, ruling or finding, would
have a Material Adverse Effect.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Securities are listed and admitted for
trading on the American Stock Exchange, subject only to official notice of
issuance.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>There
are no preemptive or other rights to subscribe for or to purchase the
Securities pursuant to the Company&#146;s or either of its Subsidiaries&#146; articles of
incorporation or bylaws or pursuant to any Material Agreement.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Such counsel shall also have furnished to the Representative a written
statement, addressed to the Underwriters and dated the Closing Date, to the
effect that based on such counsel&#146;s examination of the Registration Statement
and investigations made in connection therewith and &#147;conferences with certain
officers and employees of and with auditors for and counsel to the Company,&#148;
that, although such legal counsel does not assume any responsibility for the
accuracy, completeness or fairness of the statements contained in the
Registration Statement (and such legal counsel expresses no legal opinion with
respect thereto), nothing has come to such legal counsel&#146;s attention in the
course of its representation of the Company in connection with the Registration
Statement that causes it to believe that, as of its effective date, the
Registration Statement or any further amendment thereto made by the Company
prior to the Closing Date (other than the financial statements and any related
schedules therein and other statements of a financial or accounting nature
therein, as to which such legal counsel expresses no opinion) contained an
untrue statement of a material fact or omitted to state a material fact
required to be stated therein or necessary to make the statements therein not
misleading or that, as of its date or the Closing Date, the Prospectus or any
further amendment or supplement thereto made by the Company prior to such
Closing Date (other than the financial statements and any related schedules
therein and other statements of a financial or accounting nature therein as to
which such legal counsel expresses no opinion) contained or contains an untrue
statement of a material fact or omitted or omits to state a material fact
necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In rendering such opinion, such counsel may rely, as to matters of
fact, to the extent they deem proper, on certificates and written statements of
the Company, and certificates or other written statements of officers of
departments of various jurisdictions having custody of documents respecting the
corporate existence or good standing of the Company or any of its Subsidiaries,
provided that copies of any such statements or certificates shall be delivered
to Underwriters&#146; Counsel if requested.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Such opinion shall not state that it is to be governed or qualified by,
or that it is otherwise subject to, any treatise, written policy or other
document relating to legal opinions, including, without limitation, the Legal
Opinion Accord of the ABA Section&nbsp;of Business Law (1991), or any
comparable State bar accord.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-3</font></p>

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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 5.1</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;6, 2005</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">TGC Industries,&nbsp;Inc.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1304 Summit, Suite&nbsp;2</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Plano, TX 75074</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Re:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Registration Statement
on Form&nbsp;SB-2 of 6,325,000 Shares of Common Stock of TGC Industries,&nbsp;Inc.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ladies and Gentlemen:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We have acted as counsel to TGC Industries,&nbsp;Inc., a Texas
corporation (the &#147;Company&#148;), in connection with the preparation of the Company&#146;s
registration statement on Form&nbsp;SB-2 (Registration No.&nbsp;333-128018)
including Post-Effective Amendment No.&nbsp;1 (the &#147;Registration Statement&#148;)
under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), filed by
the Company with the Securities and Exchange Commission (the &#147;Commission&#148;) on
the date hereof.&#160; The Registration
Statement relates to the public offering by the Company of up to an aggregate
of 6,325,000 shares (the &#147;Shares&#148;) of the Company&#146;s common stock, par value
$0.01 per share (&#147;Common Stock&#148;), which includes 825,000 shares of Common Stock
issuable upon exercise of the underwriters&#146; over-allotment option.&#160; This opinion replaces the legal opinion issued
by us on September 20, 2005 as Exhibit 5.1 to the Registration statement, amended
by Amendment No. 1.&#160; The September 20,
2005 opinion is now null and void and replaced by this opinion.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In rendering the opinion set forth herein, we have reviewed the Registration
Statement, including the prospectus contained therein (the &#147;Prospectus&#148;), the
Articles of Incorporation of the Company, as amended to date, and the Bylaws of
the Company, as amended to date.&#160; In
addition, we have examined originals or photostatic or certified copies of
certain of the records and documents of the Company, copies of public
documents, certificates of officers of the Company, and such other agreements,
instruments and documents as we have deemed necessary in connection with the opinion
hereinafter expressed.&#160; As to the various
questions of fact material to the opinion expressed below, we have relied
solely upon certificates or comparable documents of officers and
representatives of the Company without independent check or verification of
their accuracy.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In making such examination, we have assumed the genuineness of all
signatures, the legal capacity of all natural persons, the authenticity of all
documents submitted to us as originals, the conformity to original documents of
all documents submitted to us as certified, conformed or photostatic copies and
the authenticity of the originals of such latter documents.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Based on our examination described above, subject to the assumptions
and limitations stated herein, and relying on the statements of fact contained
in the documents that we have examined, we are of the opinion that the Shares
have been duly authorized and, once issued for the consideration set forth in
the Registration Statement, will be<b><font style="font-weight:bold;"> </font></b>validly
issued, fully paid and non-assessable.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The opinions expressed herein is limited to the federal laws of the
United States of America, and, to the extent relevant to the opinions expressed
herein, the Texas Business Corporation Act (the &#147;TBCA&#148;) and applicable
provisions of the Texas Constitution, in each case as currently in effect, and
judicial decisions reported as of the date hereof and interpreting the TBCA and
such provisions of the Texas Constitution.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We hereby consent to the filing of this opinion with the Commission as Exhibit&nbsp;5.1
to the Registration Statement.&#160; We
further consent to the reference to our firm under the caption &#147;Legal Matters&#148;
in the Prospectus constituting a part of the Registration Statement.&#160; In giving this consent, we are not admitting
that we are within the category of persons whose consent is required under Section&nbsp;7
of the Securities Act or the rules&nbsp;and regulations of the Commission.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:3.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Very truly yours,</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:3.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Haynes and Boone, LLP</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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