Read: The Company complied with all financial covenants for the months ended January 31, 2011 and February 28, 2011. Nonetheless, due to the negative impact from the ocean-bottom-cable project in Indonesia, which led to the delay in commencing the ocean-bottom-cable project in Mexico, and when combined with inclement weather in various regions throughout the first quarter, the Company entered into Waiver and Amendment No. 4 with its lenders on April 1, 2011, which provides a waiver of specific events of default that would have occurred on March 31, 2011 for failure to comply with financial covenant requirements (minimum total leverage ratio and cumulative adjusted EBITDA). The fourth amendment revises the monthly cumulative EBITDA targets for the months ending March 31, 2011 through September 30, 2011, which consequently adjusts the minimum total leverage ratio; however, the total cumulative EBITDA target for the full year 2011 is unchanged. The permitted outstanding borrowing amount under the revolver continues to be limited to $40 million less the amount equal to the monthly reserve requirement as defined by the credit agreement, of which $23.0 million was outstanding as of December 31, 2010 and $33.0 million was outstanding as of February 28, 2011. Furthermore, the maturity date of the Revolving Credit Facility was revised to April 15, 2012 from February 12, 2013. The Company believes it will remain in compliance with the revised covenants through December 31, 2011. Based on current cash balances and anticipated cash flow from operations the Company believes it will have sufficient liquidity to execute on the current backlog and fund additional opportunities for the remainder of 2011.