SABA PETROLEUM COMPANY Sample Clauses

SABA PETROLEUM COMPANY. By: ------------------------------ Waltxx X. Xxxxx

SABA PETROLEUM COMPANY. By: ILYAX XXXXXXXXX --------------------------- Ilyax Xxxxxxxxx Chairman BANK: BANK ONE, TEXAS, NA By: LINDX X. XXXXXX --------------------------- Lindx X. Xxxxxx Vice-President GUARANTORS: SABA ENERGY OF TEXAS, INCORPORATED By: ILYAX XXXXXXXXX ------------------------------ Ilyax Xxxxxxxxx Chairman SABA PETROLEUM, INC. By: ILYAX XXXXXXXXX ------------------------------ Ilyax Xxxxxxxxx Chairman SABA PETROLEUM OF MICHIGAN, INC. By: ILYAX XXXXXXXXX ------------------------------ Ilyax Xxxxxxxxx Chairman Existing Mortgages, Financing Statements, Security Agreements and Prior Notes

SABA PETROLEUM COMPANY. (Pursuant to Section 151 of the Delaware General Corporation Law)

SABA PETROLEUM COMPANY. By: Title: Enclosures: cc: [Name of Investor] EXHIBIT 10.1(C)(2) to Registration Rights Agreement [Date] Name and address of transfer agent] Re: Saba Petroleum Company Ladies and Gentlemen: We are counsel to Saba Petroleum Company, a Delaware corporation (the "Company"), and we understand that [Name of Investor] (the "Holder") has purchased from the Company shares of the Company's Series A Convertible Preferred Stock (the "Preferred Stock") and warrants (the "Warrants") that are convertible or exercisable into the Company=s Common Stock, par value $.001 per share (the "Common Stock"). The Preferred Stock and Warrants were purchased by the Holder pursuant to a Securities Purchase Agreement, dated as of December 31, 1997, between the Holder and the Company (the "Agreement"). Pursuant to a Registration Rights Agreement, dated as of December 31, 1997, between the Company and the Holder (the "Registration Rights Agreement"), the Company agreed with the Holder, among other things, to register the Registrable Securities (as that term is defined in the Registration Rights Agreement) under the Securities Act of 1933, as amended (the "Securities Act"), upon the terms provided in the Registration Rights Agreement. In connection with the Company=s obligations under the Registration Rights Agreement, on December 31, 1997, the Company filed a Registration Statement on Form S-3 (File No. 333- ______) (the "Registration Statement") with the Securities and Exchange Commission relating to the Registrable Securities, which names the Holder as a selling stockholder thereunder. [Other introductory language to be inserted] Based on the foregoing, we are of the opinion that the resale of the Registrable Securities has been registered under the Securities Act. [Other appropriate language to be included.] Very truly yours,