0001193125-04-047384 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • March 23rd, 2004 • Syntroleum Corp • Crude petroleum & natural gas • Delaware

THIS REGISTRATION RIGHTS AGREEMENT is entered into effective as of October 15, 2003 by and among Syntroleum Corporation, a Delaware corporation (the “Company”), and Mr. Ziad Ghandour (“Mr. Ghandour”), principal of TI Capital Management (the “Consultant”).

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AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • March 23rd, 2004 • Syntroleum Corp • Crude petroleum & natural gas

THIS AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT dated as of October 15, 2003 is entered into effective as of February 2, 2004 by and among Syntroleum Corporation, a Delaware corporation (the “Company”), and Mr. Ziad Ghandour (“Mr. Ghandour”), principal of TI Capital Management (the “Consultant”).

Mr. Ziad Ghandour Principal TI Capital Management
Letter Agreement • March 23rd, 2004 • Syntroleum Corp • Crude petroleum & natural gas • Oklahoma
JOINT DEVELOPMENT AGREEMENT between SYNTROLEUM INTERNATIONAL CORPORATION and SOVEREIGN OIL & GAS COMPANY II, LLC March 1, 2004
Joint Development Agreement • March 23rd, 2004 • Syntroleum Corp • Crude petroleum & natural gas • Texas

SYNTROLEUM INTERNATIONAL CORPORATION, a corporation incorporated and existing under the laws of the State of Delaware, with head offices in the City of Tulsa, Oklahoma, in the United States of America (hereinafter referred to as “Syntroleum”);

WARRANT AGREEMENT
Warrant Agreement • March 23rd, 2004 • Syntroleum Corp • Crude petroleum & natural gas • New York

WARRANT AGREEMENT (“Agreement”), dated as of February 2, 2004 (the “Effective Date”) by Syntroleum Corporation, a Delaware corporation (together with any successor thereto, the “Company”), and Mr. Ziad Ghandour (the “Warrantholder”).

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