ENDEAVOUR INTERNATIONAL CORPORATION WARRANT AGREEMENT FOR THE PURCHASE OF SHARES OF COMMON STOCKWarrant Agreement • August 8th, 2014 • Endeavour International Corp • Crude petroleum & natural gas • New York
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 Settlement Agreement and Release between the Company and SM Energy Company, a Delaware corporation (“SM Energy”), Potato Creek, LLC, a Pennsylvania limited liability company, Open Flow Gas Supply Corporation, a Pennsylvania business corporation (“Open Flow”), and SJ Exploration, LLC, a Delaware limited liability company (“SJX”), dated as of the date hereof, the receipt and sufficiency of which are hereby acknowledged, SM Energy / Open Flow / SJX (the “Holder”) is 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
