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SEC Filings

S-4/A
KEY ENERGY SERVICES INC filed this Form S-4/A on 03/08/1996
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appraisal must be executed by or on behalf of the stockholder of record and must
reasonably inform WellTech of the identity of the stockholder of record and that
such record  stockholder  intends  thereby to demand  appraisal  of the WellTech
Common Stock. A person having a beneficial interest in shares of WellTech Common
Stock that are held of record in the name of another  person,  such as a broker,
fiduciary  or other  nominee,  must act  promptly to cause the record  holder to
follow the steps  summarized  herein  properly and in a timely manner to perfect
whatever appraisal rights are available.  If the shares of WellTech Common Stock
are owned of record by a person  other than the  beneficial  owner,  including a
broker,  fiduciary (such as a trustee,  guardian or custodian) or other nominee,
such  demand  must be  executed  by or for the  record  owner.  If the shares of
WellTech Common Stock are owned of record by more than one person, as in a joint
tenancy or tenancy in common,  such  demand must be executed by or for all joint
owners.  An authorized  agent,  including an agent for two or more joint owners,
may execute the demand for appraisal for a stockholder of record;  however,  the
agent must  identify the record owner and  expressly  disclose the fact that, in
exercising the demand, such person is acting as agent for the record owner.

         A record owner, such as a broker, fiduciary or other nominee, who holds
shares of WellTech Common Stock as a nominee for others,  may exercise appraisal
rights  with  respect  to the  shares  held for all or less than all  beneficial
owners of shares as to which such person is the record owner.  In such case, the
written demand must set forth the number of shares covered by such demand. Where
the number of shares is not  expressly  stated,  the demand  will be presumed to
cover all shares of WellTech Common Stock outstanding in the name of such record
owner.

         A stockholder who elects to exercise  appraisal  rights,  if available,
should mail or deliver his, her or its written demand to:  WellTech,  Inc., 3535
Briarpark, Suite 200, Houston, TX 77042.

         The written demand for appraisal should specify the stockholder's  name
and mailing  address,  the number of shares of WellTech Common Stock owned,  and
that the stockholder is thereby demanding appraisal of his, her or its shares. A
vote  against the Merger  Agreement  will not itself  constitute  such a demand.
Within ten days after the Effective Time, the surviving corporation must provide
notice of the Effective Time to all  stockholders who have complied with Section
262.

         Within  120  days  after  the  Effective  Time,  either  the  surviving
corporation or any stockholder who has complied with the required  conditions of
Section 262 may file a petition in the Delaware Court, with a copy served on the
surviving  corporation  in  the  case  of a  petition  filed  by a  stockholder,
demanding  a  determination  of the fair value of the  shares of all  dissenting
stockholders. Accordingly, WellTech stockholders who desire to have their shares
appraised  should  initiate any petitions  necessary for the perfection of their
appraisal rights within the time periods and in the manner prescribed in Section
262. If  appraisal  rights are  available,  within 120 days after the  Effective
Time,  any  stockholder  who  has  theretofore   complied  with  the  applicable
provisions  of Section 262 will be entitled,  upon written  request,  to receive
from the surviving corporation a statement setting forth the aggregate number of
shares of WellTech Common Stock not voting in favor of the Merger  Agreement and
with respect to which  demands for  appraisal  were received by WellTech and the
number of holders of such shares.  Such  statement must be mailed within 10 days
after  the  written  request   therefor  has  been  received  by  the  surviving
corporation.

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