CLOSING AGREEMENT AND AMENDMENTClosing Agreement and Amendment • May 10th, 2013 • Denbury Resources Inc • Crude petroleum & natural gas
This Closing Agreement and Amendment (this “Agreement”) is entered into on March 27, 2013, between Burlington Resources Oil & Gas Company LP, a limited partnership organized and existing under the laws of the State of Delaware, with offices at 600 North Dairy Ashford, Houston, Texas 77079 (“ASSIGNOR”), and Denbury Onshore, LLC, a Delaware limited liability company with offices at 5320 Legacy Drive, Plano, Texas 75024 (“ASSIGNEE”), in connection with the Closing of the transactions contemplated by that certain Purchase and Sale Agreement dated January 14, 2013, by and among ASSIGNOR and ASSIGNEE (the “Purchase and Sale Agreement”), to clarify and agree upon the matters and amendments to the Purchase and Sale Agreement set forth below. ASSIGNOR and ASSIGNEE are sometimes referred to in this Agreement collectively as the “Parties” and individually as a “Party.” The Parties hereby agree as follows:
STOCK APPRECIATION RIGHTS AGREEMENT OFFICER CLIFF VESTING AWARDS FOR DENBURY RESOURCES INC.Stock Appreciation Rights Agreement • May 10th, 2013 • Denbury Resources Inc • Crude petroleum & natural gas • Delaware
A total of _________ (_____________________) Stock Appreciation Rights (individually, and collectively, “SAR(s)”) are hereby granted to __________________ (the “Holder”) on the Date of Grant at the Grant Value determined in this SAR Agreement, and in all respects subject to the terms, definitions and provisions, of the 2004 Omnibus Stock and Incentive Plan for Denbury Resources Inc. (the “Plan”), which is incorporated herein by reference except to the extent otherwise expressly provided in this SAR Agreement.
