ENDEAVOUR INTERNATIONAL CORPORATION WARRANT AGREEMENT FOR THE PURCHASE OF SHARES OF COMMON STOCKWarrant Agreement • May 30th, 2012 • Endeavour International Corp • Crude petroleum & natural gas • Nevada
BY THIS WARRANT AGREEMENT (this “Warrant Agreement”), ENDEAVOUR INTERNATIONAL CORPORATION, a Nevada corporation (the “Company”), certifies that, for good and valuable consideration in connection with the letters of credit issued on the date hereof to Hess Limited for the benefit of the Company’s subsidiary, Endeavour Energy UK Limited, the receipt and sufficiency of which are hereby acknowledged, the Person listed on the signature page hereto (along with its registered permitted assigns, each a “Holder”), are entitled to subscribe for and purchase from the Company, subject to the terms and conditions set forth herein, the respective number (subject to adjustment as set forth herein) of fully paid and non-assessable shares (the “Shares”) of the Company’s Common Stock (as defined herein) as set forth on Schedule 1 hereto, at a price per share equal to US$10.50 per Share (the “Exercise Price”), subject to adjustment as set forth herein.
ENDEAVOUR ENERGY UK LIMITED (the “Obligor”) YELLOW ROCK S.À R.L. (the “Payee”) ENDEAVOUR INTERNATIONAL CORPORATION (the “Guarantor”) REIMBURSEMENT AGREEMENT ____________________________________________________________ CONTENTSReimbursement Agreement • May 30th, 2012 • Endeavour International Corp • Crude petroleum & natural gas
