MEIP Share Loan means the loan by the Company to each MEIP Shareholder provided to fund the purchase of Common Shares MEIP Shareholders means those employees who have acquired shares in Orbit Garant pursuant to the MEIP being R enaud Mercier R obert Brouillette Sylvain L aroche Alain L aplante and R aymond L eclerc Named Executive Officers means the CEO CFO and the three other most highly compensated persons who were serving as executive officers of Orbit Garant as of the end of the most recently completed financial yearend New Credit Agreement means the credit agreement to be entered into by Orbit Garant and Orbit Garant Drilling a general partnership on the Closing Date New Option Plan means Orbit Garants option plan to be implemented in connection with this Offering NonCompete Area means Canada the United States British Guyana F rench Guyana Burundi Suriname or other jurisdictions where Orbit Garant carried on business prior to the date of entering into an employment contract Normalized EBITD A means EBITD A adjusted for management fees integration fees and extraordinary transaction fees NRC means National R esources Canada Offered Shares means the Common Shares offered pursuant to the Offering including the issuance of Common Shares on exercise of the Over Allotment Option Offering means collectively the T reasury Offering and the Secondary Offering Offering P rice means 400 per Offered Share Option P rice means the price per Common Share at which Common Shares may be purchased under the Option Plan Orbit means F orage Orbit Inc Orbit Garant means Orbit Garant Drilling Inc a company amalgamated under the laws of Canada Orbit Share P urchase Agreement means the share purchase agreement dated January 31 2007 between the Orbit V endors Garant and Orbit pursuant to which Garant acquired from the Orbit V endors all of the issued and outstanding securities of Orbit Orbit V endors means P ierre Alexandre Eric Alexandre Richard Alexandre Marc R ochefort Gilles P aquin 28673820 Qu ebec Inc and 90143330 Qu ebec Inc Original Garant V endors means the shareholders of Garant who sold 75 of their interest in Garant to P rivate Equity Investors being 96052 Canada Lt ee Michel Mathieu Johann Duval Monique Harvey and Ken Mathieu OverAllotment Option means the option granted by the Selling Shareholders to the Underwriters to purchase up to 2250000 additional Common Shares exercisable for a period of 30 days after the Closing PhylDon means PhylDon Holdings and Management Ltd the former parent of Drift P reference Shares means the preference shares issuable in series of Orbit Garant P rior Option Plan means Orbit Garants existing stock option adopted as of January 31 2007 P rivate Equity Investors means 1684182 Ontario and 1684182 International collectively production drilling means drilling completed at a producing surface or underground mine R est of the W orld category means regions other than Canada reverse circulation drilling means the surface drilling process whereby a pneumatic piston forces compressed air and water down the outer shell of a doublewalled rod and drives a tungstenstudded button bit to cut and 17