Hemisphere Energy Corp Sample Contracts

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • April 30th, 2015 • Hemisphere Energy Corp • Crude petroleum & natural gas

NOW THEREFORE in consideration of the mutual promises of the parties hereinafter set forth and for other good and valuable consideration given to the Executive by the Corporation, the receipt and sufficiency of which are hereby acknowledged by each of the parties hereto, the parties hereby covenant and agree as follows:

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SHAREHOLDER RIGHTS PLAN AGREEMENT MADE AS OF MARCH 9, 2010 BETWEEN HEMISPHERE ENERGY CORPORATION AND COMPUTERSHARE INVESTOR SERVICES INC. AS RIGHTS AGENT
Shareholder Rights Plan Agreement • July 22nd, 2014 • Hemisphere Energy Corp • British Columbia

HEMISPHERE ENERGY CORPORATION, a corporation incorporated under the Business Corporations Act (British Columbia) (hereinafter referred to as the “Corporation”)

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • July 22nd, 2014 • Hemisphere Energy Corp • Alberta

Hemisphere Energy Corporation, a body corporate having its head office at Vancouver, British Colombia (the “Corporation”)

SECOND AMENDING AGREEMENT TO THE COMMITMENT LETTER DATED SEPTEMBER 19 2013
Second Amending Agreement • April 30th, 2015 • Hemisphere Energy Corp • Crude petroleum & natural gas • Alberta

We refer to our Letter Agreement dated September 19, 2013 between Hemisphere Energy Corporation (the "Borrower") and Alberta Treasury Branches (the "Lender"), as amended by the First Amending Agreement, dated as of the 23rdday of June, 2014 (collectively, the "Commitment Letter”) and confirm our agreement to amend our offer of financial assistance to the Borrower on the terms and conditions described below. Capitalized terms and paragraph references used herein without definition shall have the meaning and application given to them in the Commitment Letter.

FIRST AMENDING AGREEMENT TO THE COMMITMENT LETTER DATED SEPTEMBER 19 2013
First Amending Agreement • July 22nd, 2014 • Hemisphere Energy Corp • Alberta

We refer to our Letter Agreement dated September 19, 2013 (the “Commitment Letter”), between Hemisphere Energy Corporation (the “Borrower”) and Alberta Treasury Branches (the “Lender”), and confirm our agreement to renew our offer of financial assistance to the Borrower on the terms and conditions set out in the Commitment Letter, subject to the amendments described below. Capitalized terms used herein without definition shall have the meeting given to them in the Commitment Letter.

THIRD AMENDING AGREEMENT TO THE COMMITMENT LETTER DATED SEPTEMBER 19 2013
Third Amending Agreement • July 29th, 2015 • Hemisphere Energy Corp • Crude petroleum & natural gas • Alberta

We refer to our Letter Agreement dated September 19, 2013 between Hemisphere Energy Corporation (the "Borrower") and Alberta Treasury Branches (the "Lender"), as amended by the First Amending Agreement, dated as of the 23rdday of June, 2014 and the Second Amending Agreement dated as of the 28th day of November, 2014 (collectively, the "Commitment Letter”) and confirm our agreement to amend our offer of financial assistance to the Borrower on the terms and conditions described below. Capitalized terms and paragraph references used herein without definition shall have the meaning and application given to them in the Commitment Letter.

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