LETTER AGREEMENT REGARDING THE SYNDICATED CONVERTIBLE LOAN FACILITY AGREEMENTSamson Oil & Gas LTD • December 17th, 2010 • Drilling oil & gas wells
We refer to the Syndicated Convertible Loan Facility Agreement dated 26 May 2006 between Samson Oil and Gas USA, Inc (“Samson”), Macquarie Bank Limited as Agent and Security Trustee (“Macquarie”), Samson Oil and Gas Limited (“Parent”), each party listed in Schedule 1 and each party listed in Schedule 2, as amended from time to time (the “Facility Agreement”).
Re: Lease Purchase Agreement DJ Basin Area Goshen County, WyomingSamson Oil & Gas LTD • December 17th, 2010 • Drilling oil & gas wells
This letter (“Agreement”) shall memorialize the agreement between Chesapeake Exploration, L.L.C., (“Chesapeake”) and Samson Oil & Gas USA, Inc. (“Samson”), whereby subject to the terms and conditions contained herein, Samson agrees to sell, and Chesapeake agrees to buy all of Samson’s right, title and interests in and to those certain oil and gas leases covering lands in Goshen County, Wyoming, as described or identified on the Exhibit “A-1” or as indicated on the map attached hereto as Exhibit “A-2” in Samson’s sale blocks 3, 4, 5 and the Unit (“Sale Blocks”), attached hereto and made a part hereof (“Leases”).
