0000943663-03-000273 Sample Contracts

PURCHASE AGREEMENT
Purchase Agreement • May 20th, 2003 • Austin Josiah T • Crude petroleum & natural gas • New York

THIS PURCHASE AGREEMENT (this "Agreement"), dated May __, 2003, is by and among HAMBRECHT & QUIST GUARANTY FINANCE, LLC, DONALD M. CAMPBELL, ALPS INVESTMENTS, LLC, CAMPBELL ASSOCIATES, DONALD M. CAMPBELL MONEY PURCHASE PENSION PLAN, DANIEL H. CASE III LIVING TRUST U/A DATED 7/17/00, ESTATE OF DANIEL H. CASE III, STACEY B. CASE LIVING TRUST, MICHAEL D. FULTON, KATHERYN E. COLE, LAURENCE L. SPITTERS (collectively, the "H&Q Parties"), EL CORONADO HOLDINGS, LLC, PATRICK E. MALLOY, III, MUSCULAR DYSTROPHY ASSOCIATION, LOUIS BENZAK, JOHN CALLAGHAN, TED HARTLEY, MAGGIE MALLOY, KATHERINE MALLOY, SHELDON APPEL, MICHAEL CORBETT, NEIL REGO, THE GERALD AND GLORIA LUSHING TRUST OF 1982, WALTER G. GOODRICH and ROBERT C. TURNHAM (each a "Buyer", and collectively, the "Buyers"), GOODRICH PETROLEUM CORPORATION (the "Company") and GUARANTY FINANCE MANAGEMENT, LLC, solely in its capacity as the H&Q Representative ("Guaranty Finance").

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