0001193125-05-230776 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • November 22nd, 2005 • Gastar Exploration LTD • Crude petroleum & natural gas • Texas

REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of November 4, 2005, by and between Gastar Exploration Ltd., an Alberta, Canada corporation (the “Company”), and Chesapeake Energy Corporation, an Oklahoma corporation (the “Purchaser”).

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COMMON SHARE PURCHASE AGREEMENT between GASTAR EXPLORATION LTD. and CHESAPEAKE ENERGY CORPORATION dated as of November 4, 2005
Common Share Purchase Agreement • November 22nd, 2005 • Gastar Exploration LTD • Crude petroleum & natural gas • Texas

THIS COMMON SHARE PURCHASE AGREEMENT, dated effective as of November 4, 2005 (“Agreement”), between CHESAPEAKE ENERGY CORPORATION, an Oklahoma corporation (the “Purchaser”) and GASTAR EXPLORATION LTD., an Alberta corporation (the “Company”).

PARTICIPATION AND OPERATING AGREEMENT BETWEEN GEOSTAR CORPORATION AND GASTAR EXPLORATION LTD.
Participation and Operating Agreement • November 22nd, 2005 • Gastar Exploration LTD • Crude petroleum & natural gas • Michigan

This Participation and Operating Agreement (the “Agreement”) is made and entered into this 15th day of June, 2001 by and between GEOSTAR CORPORATION, a Delaware company, and any and all of its subsidiaries, located at 2274 Enterprise Drive, Suite 101, Mt. Pleasant, MI 48858 (“GeoStar”) and GASTAR EXPLORATION, LTD., an Alberta, Canada company, and any and all of its subsidiaries, located at 2274 Enterprise Drive, Suite 101, Mt. Pleasant, MI 48858 (“Gastar”). GeoStar and Gastar are sometimes collectively referred to herein as the “Participants” and individually as “Participant”.

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