Emerald Oil, Inc. 12,000,000 Shares of Common Stock UNDERWRITING AGREEMENTEmerald Oil, Inc. • May 17th, 2013 • Crude petroleum & natural gas • New York
Notwithstanding the foregoing, and subject to the conditions below, the undersigned may transfer Shares, options or warrants to acquire Shares or other securities exchangeable or exercisable for or convertible into Shares without the prior written consent of the Representatives; provided that either (a) it is pursuant to a planned trading program under Rule 10b5-1 of the Exchange Act which has been approved by the Representatives or (b) (1) the Representatives receive a signed lock-up agreement in the form of this agreement for the balance of the Lock-Up Period from each donee, trustee, distributee, or transferee, as the case may be, (2) any such transfer shall not involve a disposition for value, (3) such transfers are not publicly reportable under the Securities Act of 1933, as amended, the Exchange Act and their related rules and regulations, and (4) the undersigned does not otherwise voluntarily effect any public filing or report regarding such transfers:
