REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • June 25th, 2009 • Transatlantic Petroleum Corp. • Oil & gas field exploration services • New York
Pursuant to an underwriting agreement, dated as of June 4, 2009 (the “Underwriting Agreement”), among the Company, Canaccord Capital Corporation (the “Representative”) and the other underwriters named therein (with the Representative, collectively, the “Underwriters”), the Company is selling 49,182,000 Common Shares (the “Initial Shares”) to the Underwriters and may sell an additional 7,377,300 Common Shares to the Underwriters or their Affiliates, agents or standby purchasers to cover over-allotments (the “Over-Allotment Shares”). In addition, the Company is selling contemporaneously 41,818,000 Common Shares (the “Dalea Shares”) to Dalea Partners, LP (“Dalea”). To induce the Underwriters to purchase the Initial Shares and the Over-Allotment Shares (if any) and to induce Dalea to purchase the Dalea Shares, the Company is entering into this Registration Rights Agreement (the “Agreement”) with the Representative on behalf of the Holders (as defined below) and Dalea, as follows:
