EMPLOYMENT AGREEMENTEmployment Agreement • August 16th, 2004 • Warren Resources Inc • Oil & gas field exploration services • New York
EMPLOYMENT AGREEMENT (this “Agreement”), dated effective as of January 1, 2004, by and between Warren Resources, Inc., a New York corporation (the “Company”), and Ellis G. Vickers (the “Employee”). This Agreement shall supercede and replace the prior Employment Agreement dated September 1, 2001 between the Company and the Employee.
FORM OF SUBSCRIPTION AND REGISTRATION RIGHTS AGREEMENTSubscription and Registration Rights Agreement • August 16th, 2004 • Warren Resources Inc • Oil & gas field exploration services • Maryland
The undersigned desires to invest in Warren Resources, Inc. (the “Company”) on the terms and conditions described in this Subscription And Registration Rights Agreement (this “Subscription Agreement”) and the Company’s Supplemental Confidential Private Placement Memorandum dated July 9, 2004 (the “Supplemental Memorandum”). Pursuant to the terms described in the Supplemental Memorandum and in this Subscription Agreement, the Company is offering to subscribers who are accredited investors up to 975,000 (the “Units”), with each Unit consisting of one share of the Company’s common stock, par value $0.0001 per share (the “Common Shares”), 0.25 Class A Warrants, with an entire Class A Warrant entitling its holder to purchase one Common Share at an exercise price of $10.00 per share, and 0.25 Class B Warrants, with an entire Class B Warrant entitling its holder to purchase one Common Share at an exercise price of $12.50 per share. Notwithstanding anything to the contrary in the foregoing, th
