CHANDLER ENERGY, LLC STOCK GRANT AND SHAREHOLDER AGREEMENT APRIL 17, 2007Stock Grant and Shareholder Agreement • April 27th, 2007 • Chandler Collis Paul III • Crude petroleum & natural gas • Colorado
This Stock Grant and Shareholder Agreement (this “Agreement”), is made and entered into effective as of the 17th day of April among the shareholders listed on the signature page hereto (the “Shareholders”) and Chandler Energy, LLC (the “Chandler”) a Colorado limited liability company, will become a material share owner of GeoResources, Inc., a Colorado corporation (“GeoResources”) effective upon closing of the pending merger (the “Merger”) of PICA Energy, LLC, a Colorado limited liability company and wholly owned subsidiary of Chandler (“PICA”) with a subsidiary of GeoResources.
