EXHIBIT 10.7
AMENDMENT
TO
OPTION TO PURCHASE COMMON STOCK
THIS AMENDMENT (the "Amendment") to the Option to Purchase Common Stock
(the "Option"), dated August 4, 2003, issued to Xxxxxx X. Xxxxxxxxxx (the
"Holder") to purchase 200,000 shares of common stock, par value $.001, of
Continental Southern Resources, Inc., a Nevada corporation (the "Company"), is
made and entered into February 26, 2004. Capitalized terms not otherwise defined
herein shall have the meanings ascribed to such terms in the Option.
RECITALS
WHEREAS, the parties hereto desire to amend the Option to delete
Section 3.3(a).
NOW, THEREFORE, in consideration of the foregoing premises, and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, and intending to be legally bound hereby, the parties
hereto hereby agree as follows:
1. Section 3.3(a) is hereby deleted in its entirety.
2. Except as expressly provided herein, the Option shall remain
in full force and effect.
3. This Amendment may be executed in counterpart, each of which shall
be deemed to be an original, and both of which together shall constitute one and
the same agreement.
IN WITNESS WHEREOF, the Holder and the Company have caused this
Amendment to be signed by their respective officers hereunto duly authorized,
all as of the date first written above.
CONTINENTAL SOUTHERN RESOURCES, INC.
By: /s/ XXXXXXX X. XXXXXXXXXX
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Name:
Title:
/s/ XXXXXX X. XXXXXXXXXX
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Xxxxxx X. Xxxxxxxxxx
