Callon Petroleum Company (a Delaware corporation) Underwriting Agreement June 16, 2004 3,000,000 Shares of Common Stock (par value $0.01 per share)Underwriting Agreement • June 17th, 2004 • Callon Petroleum Co • Crude petroleum & natural gas • New York
Callon Petroleum Company, a Delaware corporation (the “Company”), confirms its agreement with Johnson Rice & Company L.L.C. (the “Underwriter”), with respect to the issue and sale by the Company and the purchase by the Underwriter of 3,000,000 shares of common stock, par value $0.01 per share (the “Common Stock”), of the Company (the “Firm Shares”). In addition, the Company grants to the Underwriter an option to purchase up to an additional 450,000 shares of the Common Stock on the terms and for the purposes set forth in Section 2 (the “Option Shares”). The Firm Shares to be purchased by the Underwriter, together with the Option Shares, if purchased, are hereinafter collectively called the “Securities.” The Company understands that the Underwriter proposes to make a public offering of the Securities as soon as the Underwriter deems advisable after this Agreement has been executed and delivered.
