PARTICIPATION AND RIGHT OF FIRST OFFER AGREEMENT AMENDMENT 1Participation and Right of First Offer Agreement • February 12th, 2008 • Ausam Energy Corp • Crude petroleum & natural gas • Texas
THIS PARTICIPATION AND RIGHT OF FIRST OFFER AGREEMENT (this “Agreement”) is made and delivered effective as of January 25, 2008, by and among Ausam Energy Corporation, a body corporate incorporated pursuant to the laws of the Province of Alberta (“AEC”), SKH Management L.P., a Delaware limited partnership (“SKH Management”), SKH Management II L.P., a Delaware limited partnership (“SKH Management II”), SKH Management III L.L.C., a Delaware limited liability company (“SKH Management III”), SKH Energy Fund, L.P., a Delaware limited partnership (“SKH Energy”) and Antares Exploration Fund, L.P., a Delaware limited partnership (“Antares” and, together with SKH Management, SKH Management II and III and SKH Energy, collectively, the “Vendors”). Capitalized terms that are not otherwise defined in this Agreement shall have the meanings given to them in that certain Asset Purchase Agreement of even date herewith, by and among AEC and the Vendors (the “Purchase Agreement”).
