INTERNATIONAL BUSINESS ASSOCIATES LTD. SERIES A REDEEMABLE PREFERRED STOCK SUBSCRIPTION AGREEMENT Dated as of September 10, 2004Redeemable Preferred Stock • September 14th, 2004 • Harken Energy Corp • Crude petroleum & natural gas • New York
This Agreement (the “Agreement”) dated as of September 10, 2004 is entered into by and among International Business Associates Ltd., an exempted limited liability company organized under the laws of the Turks and Caicos Islands, BWI (the “Company”), John Kean, Jr. and Stanley J. Brownell (each individually a “Founder” and collectively, the “Founders”), and International Business Associates Holding Co., Ltd., a British Virgin Islands company (the “Purchaser”). In consideration of the mutual promises and covenants contained in this Agreement, the parties hereto agree as follows:
ContractHarken Energy Corp • September 14th, 2004 • Crude petroleum & natural gas • Turks and Caicos Islands
THIS WARRANT IS ISSUED PURSUANT TO THAT CERTAIN SERIES A REEDEMABLE PREFERRED STOCK SUBSCRIPTION AGREEMENT DATED SEPTEMBER 10, 2004, BETWEEN THE INITIAL HOLDER OF THIS WARRANT (THE “REGISTERED HOLDER”) AND INTERNATIONAL BUSINESS ASSOCIATES LTD., AN EXEMPT LIMITED LIABILITY COMPANY ORGANIZED UNDER THE LAWS OF THE TURKS AND CAICOS ISLANDS, BWI.
STOCKHOLDERS’ AGREEMENTStockholders’ Agreement • September 14th, 2004 • Harken Energy Corp • Crude petroleum & natural gas • Turks and Caicos Islands
This Stockholders Agreement (this “Agreement”) is entered into this 10th day of September, 2004 (the “Effective Date”) by and among International Business Associates Ltd. an exempted limited liability company organized under the laws of the Turks and Caicos Islands, BWI (the “Company”), John Kean, Jr., and Stanley J. Brownell, (each individually a “Founder” and collectively, the “Founders”), and International Business Associates Holding Co., Ltd., a British Virgin Islands company (the “Purchaser”). The Company, each of the Founders, and the Purchaser are individually referred to herein as a “Party”, and collectively, the “Parties.” The Founders and the Purchaser are collectively referred to herein as the “Stockholders.”
