Exhibit 10.43

EXECUTION VERSION

Dated __23 October__ 2017

Share Sale and Purchase Agreement
relating to the sale and purchase of
shares in Hess International Petroleum, Inc.

between

HESS EQUATORIAL GUINEA INVESTMENTS LIMITED

as Seller

and

HESS CORPORATION

as Seller Guarantor

and
KOSMOS ENERGY EQUATORIAL GUINEA

as Kosmos

and
KOSMOS ENERGY OPERATING

as Kosmos Guarantor

and
TRIDENT ENERGY E.G. OPERATIONS, LTD.

as Trident

--------------------------------------------------------------------------------

Table of Contents
Interpretation
4

Sale and purchase
15

Condition
15

Consideration
16

Pre-Completion Obligations
18

Final statements of accounts
21

Leakage
23

Completion
23

Post-completion covenants
24

Seller’s warranties
24

Seller’s limitations on liability
31

Purchasers' warranties and undertakings
32

Environmental indemnity
33

Termination
33

Non-solicitation of employees
34

Mutual warranties
34

Withholding
36

Access
36

Effect of completion
37

Assurance
37

Insurance
37

Assignment
37

Entire agreement
38

Notices
38

Announcements
40

Guarantees
40

Confidentiality
43

Costs and expenses
44

Counterparts
44

Severance and validity
44

Variations
45

Remedies and waivers.
45

Third party rights
46

Governing law and jurisdiction
46

Agent for service of process
47

Purchaser Obligations are several
47

Schedule 1 (Details of the Group Companies)
48

Part 1 (Details of the Company)
48

Part 2 (Details of the Subsidiary)
49

Schedule 2 (Completion Arrangements)
50

Part 1 (Seller’s Obligations)
50

Part 2 (Purchaser’s Obligations)
52

Schedule 3 (Seller’s Limitations on Liability)
53

Schedule 4 (Form of Resignation Letter)
57

Schedule 5
59

--------------------------------------------------------------------------------

Part 1 (Initial Statement of Accounts Form)
59

Part 2 (Final Statement of Accounts Form)
60

Schedule 6 (Senior Managers)
61

Schedule 7 (Affiliate Contract)
62

Schedule 8 (Transitional Services Agreement Term Sheet)
63

--------------------------------------------------------------------------------

This agreement is made on    2017 (the “Agreement”)
Between:
(1)
HESS EQUATORIAL GUINEA INVESTMENTS LIMITED, an exempted company incorporated
with limited liability under the laws of the Cayman Islands, with company number
219960, and having its registered office at Sterling Trust (Cayman) Limited,
Whitehall House, 238 North Church Street, PO Box 1043, George Town, Grand
Cayman, KY1-1102, Cayman Islands (the “Seller”);

(2)
HESS CORPORATION, a company incorporated under the laws of the State of
Delaware, and having its principal place of business at 1185 Avenue of the
Americas, New York, New York 10036, USA (the “Seller Guarantor”);

(3)
KOSMOS ENERGY EQUATORIAL GUINEA, a company incorporated in the Cayman Islands,
with company number 269135 and having its registered office at Fourth Floor,
Century Yard, Cricket Square, Elgin Avenue, P.O. Box 32322, George Town,
KY1-1209, Grand Cayman, Cayman Islands (“Kosmos”);

(4)
KOSMOS ENERGY OPERATING, a company incorporated in Cayman Islands, with company
number 231417 and having its registered office at Fourth Floor, Century Yard,
Cricket Square, Elgin Avenue, P.O. Box 32322, George Town, KY1-1209, Grand
Cayman,

Cayman Islands (“Kosmos Guarantor”); and
(5)
TRIDENT ENERGY E.G. OPERATIONS, LTD., a company incorporated in the Cayman
Islands, with company number 326264 and having its registered office at c/o
Walkers Corporate Limited, Cayman Corporate Centre, 27 Hospital Road, George
Town, Grand Cayman KY1-9008, Cayman Islands (“Trident”),

(together referred to as the “Parties”, and each individually as a “Party”).
Whereas:
(A)
The Seller has agreed to sell the Shares (as defined below), and the Purchasers
(as defined below) have each agreed to purchase and pay for fifty percent (50%)
of the Shares, in each case, on the terms of this Agreement.

(B)
Particulars of the Company and its Subsidiary are set out in Part 1 of Schedule
1 (Details of the Company) and Part 2 of Schedule 1 (Details of the Subsidiary).

(C)
The Seller Guarantor has agreed to guarantee the obligations of the Seller on
the terms and subject to the conditions of this Agreement and to give the
warranties in Clause 26.15.

(D)
The Kosmos Guarantor has agreed to guarantee the obligations of Kosmos to pay
the Consideration payable by Kosmos under and in accordance with this Agreement
and to give the warranties in Clause 26.14.

(E)
Certain investment funds affiliated with Warburg Pincus LLC have on the
Execution Date provided an equity commitment letter in favour of each of Trident
and the Seller in respect of the obligations of Trident to pay the Consideration
payable by Trident under and in accordance with this Agreement.

Now it is hereby agreed as follows:

1.
Interpretation

1.1
In this Agreement and the Schedules to it:

--------------------------------------------------------------------------------

“ABC Warranties” means the warranties from the Seller set out in Clause 16;
“Accounts” means the unaudited financial statements of the Group Companies for
the accounting reference period that ends on 31 December 2016, such financial
statement comprising, in each case, a balance sheet and a profit and loss
account statement;
“Adjustments” means the adjustments to the Initial Consideration prior to
Completion as described in Clause 4.3 (Consideration) and subsequent adjustments
to the Initial Adjusted Consideration following Completion as described in
Clause 4.4 (Consideration);
“Affiliate” means, in relation to a Party, any subsidiary or subsidiary
undertaking or holding company of that Party and any subsidiary or subsidiary
undertakings of that holding company, which in the case of Trident shall (i)
include any investment fund affiliated with Warburg Pincus LLC and any general
partner, trustee, nominee, manager or adviser of or to any such investment fund
and (ii) exclude any portfolio company of any investment fund affiliated with
Warburg Pincus LLC;
“Affiliate Contract” means the contracts, agreements or arrangements between any
Group Company and any member of the Retained Group listed in Schedule 7;
“Anti-Bribery Laws” means in each case: (i) the UK Bribery Act 2010 (as
amended); (ii) the
U.S. Foreign Corrupt Practices Act of 1977 (as amended); (iii) any other
applicable law, rule or regulation of similar purpose and scope of the Republic
of Equatorial Guinea; and (iv) for each Party, the laws prohibiting bribery and
corruption in the countries of such Party’s place of incorporation, principal
place of business, or place of registration as an issuer of securities, or in
the countries of such Party’s ultimate parent entity’s place of incorporation,
principal place of business, or place of registration as an issuer of
securities. For purposes of this Agreement, the laws described above will be
treated as though they apply to each Party, its Affiliates, its Associated
Persons, directors, officers, employees, agents or consultants;
“Arbitration” has the meaning given in Clause 34.3 (Governing law and
jurisdiction);
“Assets Documents” means all deeds, contracts, permits, instruments, notices and
other documents to the extent affecting or otherwise pertaining to a Licence
Area or a Group Company (including its assets or operations), as any of the same
may have been or may be assigned, amended, modified, varied, replaced or novated
from time to time;
“Associated Person” means, in relation to a company, a person who performs or
has performed services for or on that company’s behalf;
“Assurance” means any warranty, representation, statement, assurance, covenant,
agreement, undertaking, indemnity, guarantee or commitment of any nature
whatsoever;
“Books and Records” includes, without limitation, all notices, correspondence,
orders, inquiries, drawings, plans, Tax Records, books of account and other
documents and all computer disks or tapes or other machine legible programs or
other records (excluding software);
“Business” means the business of the Group Companies comprising activities
related to oil and gas exploration, development, production and transportation
as carried out by the Group Companies at the Execution Date;
“Business Day” means a day (other than a Saturday or a Sunday or a public
holiday) on which commercial banks are open for business in London, New York and
Dallas, Texas;
“Claim” means any claim made by one or more Purchaser under this Agreement
(excluding any claim made under or pursuant to Clauses 4.6 (Consideration), 5
(Pre-Completion

--------------------------------------------------------------------------------

Obligations), 6.3 to 6.7 (Final Statements of Account) or 7 (Leakage)) and
“Claims” shall mean all such claims;
“Companies Act” means the Companies Act 2006 as enacted by the Parliament of the
United Kingdom;
“Company” means Hess International Petroleum, Inc., a company incorporated in
the Cayman Islands, with company number 55991 and having its registered office
at Sterling Trust (Cayman) Limited, Whitehall House, 238 North Church Street, PO
Box 1043, George Town, Grand Cayman, KY1-1102, Cayman Islands, further details
of which are set out in Part 1 of Schedule 1 (Details of the Company);
“Completion” means completion of the sale and purchase of the Shares under this
Agreement;
“Completion Date” means the later of:
(a)
thirty days after (and excluding) the Execution Date; and

(b)
ten (10) Business Days after (and excluding) the day on which the Condition has
been satisfied or waived in accordance with this Agreement,

or such other date as the Seller and the Purchasers agree in writing;
“Condition” has the meaning given in Clause 3.1 (Condition);
“Confidentiality Agreement” means, collectively, the confidentiality agreement
between the Seller and Kosmos Energy Ventures dated 20 March 2017; and the
confidentiality agreement between the Seller and Trident Energy Management
Limited dated 3 April 2017;
“Consideration” means the total consideration payable for the Shares as set out
in Clause 4 (Consideration) of this Agreement;
“Continuing Provisions” means Clause 1 (Interpretation), Clause 22 (Assignment),
Clause 23 (Entire agreement), Clause 24 (Notices), Clause 25 (Announcements),
Clause 26 (Confidentiality), Clause 28 (Costs and expenses), Clause 30
(Severance and validity), Clause 31 (Variations), Clause 32 (Remedies and
waivers), Clause 33 (Third party rights), Clause 34 (Governing law and
jurisdiction) and Clause 35 (Agent for service of process), all of which shall
continue to apply after the termination of this Agreement pursuant to Clause
3.6 (Condition) or Clause 8.3(c) (Completion) without limit in time;
“Data Room Documents” means the documents and data (including correspondence,
electronic files, software and information) made available in a physical and/or
virtual data room by or on behalf the Seller and/or any other member of the
Retained Group and/or any Group Company for inspection by or on behalf of one or
more Purchaser and/or any member of the Kosmos Group or the Trident Group
(and/or any of their Representatives) in relation to or connected with the
Company, its Subsidiary and/or the PSC Licence and/or the JOA: (i) as contained
on one or more hard disk drives or CDs initialled on behalf of the Seller and
the Purchasers and delivered to the Purchasers on or before the date of this
Agreement or in the case of the Updated Disclosure Letter, five (5) days prior
to the Completion Date; or (ii) if not contained on such hard disk drives or
CDs, as annexed to the Disclosure Letter or Updated Disclosure Letter, as
applicable;
“Debt” means, as of any date, any indebtedness outstanding, secured or
unsecured, contingent or otherwise, which is for borrowed money including all
principal, interest, premiums, fees, expenses, overdrafts and penalties with
respect thereto, or evidenced by

--------------------------------------------------------------------------------

bonds, notes, debentures or similar instruments or representing the balance
deferred and unpaid of the purchase price of any property or service, and shall
also include:
(a)
all obligations for the reimbursement of any obligation or on any letter of
credit, banker’s acceptance or similar credit transaction;

(b)
obligations under any swap, hedge or similar protection device; and

(c)
any other obligations, contingent or otherwise, that, in accordance with US
GAAP, should be classified upon the balance sheet as indebtedness;

“Designated Person” means a person or entity:
(a)
listed in the index to, or otherwise subject to the provisions of, the Executive
Order;

(b)
named as a “Specially Designated National and Blocked Person” (“SDN”) on the
most current list published by OFAC at its official website or any replacement
website or other replacement official publication of such list;

(c)
in which an entity on the SDN list has 50% or greater ownership interest or that
is otherwise controlled by an SDN; or

(d)
with which the Seller or any member of the Retained Group is prohibited from
dealing or otherwise engaging in any transaction by any Sanctions Laws and
Regulations;

“Disclosed” means fairly disclosed to the Purchasers and/or any member of the
Kosmos Group or the Trident Group (and/or any of their Representatives) by or on
behalf of the Seller and/or any other member of the Retained Group and/or any
Group Company:
(a)
in the Disclosure Letter; and/or

(b)
in the Updated Disclosure Letter, as applicable; and/or

(c)
in the Data Room Documents;

“Disclosure Letter” means the disclosure letter in the agreed form and dated as
of the date of this Agreement, addressed by the Seller to the Purchasers and
delivered to the Purchasers before the execution of this Agreement;
“Dispute” has the meaning given in Clause 34.2 (Governing law and jurisdiction);
“Documents” has the meaning given in Clause 10.2(b);
“Due Diligence” means the investigation into and the assessment of the affairs
of the Group Companies carried out by or on behalf of a Purchaser and/or any
member of the Purchaser’s Group (and/or their respective Representatives) prior
to the date of this Agreement, including the review and evaluation of all
information, data, materials and other documentation (whether in electronic or
hard copy format) which was Disclosed (whether in electronic or hard copy
format, on-line or pursuant to presentations) to the Purchaser and/or any member
of the Purchaser’s Group (and/or any of their respective Representatives) prior
to the date of this Agreement;
“Economic Date” means 1 January 2017;
“Encumbrance” means any claim, pledge, charge, option, lien (other than liens
arising by operation of law in the ordinary course of trading), assignment,
mortgage, debenture, hypothecation, security interest, title retention,
obligation to purchase an interest, pre-emption right or other rights of any
third persons, or any agreement to create any of the above;

--------------------------------------------------------------------------------

“EG Government” means the government of Equatorial Guinea;
“Environment” means living organisms including the ecological systems of which
they form part and the following media: air (including air within natural or
man-made structures, whether above or below ground); water (including
territorial, coastal and inland waters, water under or within land and water in
drains and sewers); land (including land under water); soil and land and any
ecological systems and living organisms supported by these media;
“Environmental” means relating to the Environment;
“Environmental Indemnity Claim” means any claim made by a Purchaser under Clause
13.2;
“Environmental Law” means all laws, international treaties, national, federal,
provincial, state or local statutes or regulations (including by-laws and other
subordinate legislation), the common law, and any codes and conventions of law
(having legal effect) as amended from time to time to which any member of the
Retained Group or the Group Companies is subject and any obligations owed
thereunder or rules in respect thereof, from time to time, in any relevant
jurisdiction (including any guidelines, notes for industry and decommissioning
programmes in effect from time to time, in each case having legally binding
effect) concerning harm or damage to or protection of the Environment or the
provision of remedies in respect of or compensation for harm or damage to the
Environment, worker or public health and safety, pollution or decommissioning,
abandonment, removing or making safe any property (including platforms,
pipelines, plant, machinery, wells (including well and drill cuttings),
facilities and all other offshore and onshore installations and structures);
“Environmental Liabilities” means any claims, demands, actions, proceedings,
costs, charges, expenses, losses, liabilities or obligations incurred in
relation to or arising out of any breach of Environmental Law, arising in
connection with any of the assets of the Group Companies, including in relation
to cleaning up, decontamination of, removing and disposing of debris or any
property (including platforms, pipelines, plant, machinery, wells (including
well cuttings), facilities and all other offshore and onshore installations and
structures) reinstating any area of land, foreshore or seabed, wherever
situated; and including any residual liability for anticipated or necessary
continuing insurance, maintenance and monitoring costs, and in all cases
irrespective of when such claims, costs, charges, expenses, liabilities or
obligations are or were incurred and regardless in each case of any breach of
obligation or negligence on the part of any of member of the Retained Group or
any Group Company;
“Environmental Warranties” means the warranties listed in Clauses 10.2(jj) to
10.2(ll); “Excluded Matters” means any one or more of the following:
(a)
any country-wide, regional, or industry-wide or other international changes in
the social, political, industrial, market, financial or economic conditions in
which the Group Companies operate or in which the products of the Group
Companies are used or distributed (including changes in energy, electricity or
other operating costs);

(b)
any changes in stock markets, commodity prices, currency, exchange rates or
interest rates;

(c)
any natural decline in the well production levels, reserves or resources of any
of the Group Companies or any reclassification or recalculation of reserves, but
in each case excluding a material adverse impact on the reserves or production
levels that results from an extraordinary or catastrophic operational incident,
blow-out, or similar adverse physical event;

--------------------------------------------------------------------------------

(d)
any change in laws, regulations or accounting practices, or the enforcement or
interpretation thereof, applicable to the Group Companies;

(e)
storms, floods, tornadoes, earthquakes or any other natural disaster (but
excluding such event to the extent that it has a material adverse impact on
production, reserves or resources of any of the Group Companies);

(f)
any hostilities, acts of war, sabotage, terrorism or military action, other than
any such event in or relating to the jurisdiction in which the Group Companies
operate; or

(g)
drilling, completion or production results for a Group Company obtained as a
result of activities by or on behalf of a Group Company conducted in accordance
with the relevant Interest Documents and in the Ordinary Course of Business;

“Execution Date” means the date this Agreement is executed by both the Seller
and the Purchasers;
“Executive Order” means the US presidential Executive Order No. 13224 of 23
September 2001, entitled Blocking Property and Prohibiting Transactions with
Persons Who Commit, Threaten to Commit, or Support Terrorism or any other order
which superseded or amended the Executive Order No. 13224;
“Final Adjusted Consideration” means the Initial Adjusted Consideration adjusted
by the Final Statement of Accounts and any applicable interest, in accordance
with Clauses 4.4 and
6.6 and Schedule 5 (Final Statement of Accounts);
“Final Settlement Amount” means the difference between the Initial Consideration
and the Final Adjusted Consideration;
“Final Statement of Accounts” means a Final Statement of Accounts in the form
set out in Part 2 of Schedule 5 (Final Statement of Accounts);
“Final Statement of Accounts Date” means the date on which the Seller delivers
the Final Statement of Accounts to the Purchasers in accordance with Clause 6.1
(Final statements of accounts);
“Good and Prudent Oilfield Practice” means the exercise of that degree of skill,
diligence, prudence and foresight that would reasonably and ordinarily be
expected to be applied by a skilled and experienced person engaged in the
upstream oil and gas industry;
“Government Official” means (i) any official, employee, agent, advisor or
consultant employed by or acting on behalf of a government or any federal,
regional or local department, agency, state-owned or state-operated enterprise
or corporation or any other instrumentality thereof, (ii) any official or
employee or agent of a public international organisation designated by Executive
Order pursuant to 22 U.S.C. § 288 or as defined in Section 6(6) of the UK
Bribery Act 2010 (as amended), or (iii) any official or employee or agent of a
political party or candidate for political office;
“Governmental or Regulatory Authority” means any court, tribunal, arbitrator,
legislature, government, ministry, committee, inspectorate, authority, agency,
commission, official or other competent authority of any country or any state,
as well as any region, city or other political subdivision of any of the
foregoing;
“Group” means the Kosmos Group or the Trident Group, as the context requires;
“Group Companies” means the Company and the Subsidiary and a “Group Company”
means any of them;

--------------------------------------------------------------------------------

“Guaranteed Obligations” has the meaning given in Clause 26.1; “Interest
Documents” means:
(a)
the PSC Licence; and

(b)
each JOA;

“Initial Adjusted Consideration” means the Initial Consideration due and payable
at Completion, as calculated in the Initial Statement of Accounts, having been
adjusted in accordance with Clause 4.3 (Consideration);
“Initial Consideration” has the meaning given in Clause 4.1 (Consideration);
“Initial Statement of Accounts” means an Initial Statement of Accounts in the
form set out in Part 1 of Schedule 5 (Statement of Accounts);
“JOA” means:
(a)
First Restated Joint Operating Agreement between Triton Equatorial Guinea, Inc.
and Energy Africa Equatorial Guinea Limited dated 1 June 1999 and restated as of
1 January 2000 for operations in Block G offshore Equatorial Guinea; and

(b)
Joint Operating Agreement for Field Development and Production between the
Entities Constituting Part of Contractor (as defined therein) in the Field (as
defined in the PSC Licence), which at the time of signature were Triton
Equatorial Guinea, Inc. and Energy Africa Equatorial Guinea Limited, and/or
their respective successors and assigns, which may include the Republic of
Equatorial Guinea, effective as of the Effective Date for each Field, being the
approval date of the Development Plan (as defined in the PSC Licence) for each
such Field under the terms of the PSC Licence.

“Kosmos Designated Account” means the USD bank account the details of which
shall be notified to the Seller by Kosmos at least five (5) Business Days prior
to the due date of the relevant payment;
“Kosmos Guarantee” has the meaning given in Clause 26.1; “Kosmos Guarantor”
means Kosmos Energy Operating;
“Kosmos Group” means Kosmos and all its subsidiary undertakings, all its holding
companies and all other subsidiary undertakings of each of its holding companies
and “Kosmos Group Company” shall mean any one of them;
“LCIA” has the meaning given in Clause 34.2 (Governing law and jurisdiction);
“Leakage” has the meaning given in Clause 7.1 (Leakage);
“Licence Areas” means the areas on which oil and gas exploration, development
and/or production are authorised pursuant to the PSC Licence;
“Long Stop Date” means 31 December 2017 or such other date as the Parties may
agree in writing;
“Loss” or “Losses” means all losses, liabilities, actions and claims, including
charges, costs, damages, fines, penalties, interest and all legal and other
professional fees and expenses, including, in each case, all related Taxes;
“MAC Event” means any change in the physical condition of the assets of the
Group Companies, the Business, the financial condition or the operations of any
of the Group

Companies occurring from the date of this Agreement that results in or has
resulted in a Material Effect, provided that under no circumstances shall a MAC
Event result in any way from an Excluded Matter;
“Maintained Affiliate Contracts” has the meaning given in Clause 9.3
(Post-Completion Covenants);
“Marketing Services Agreement” means the marketing services agreement dated 15
December 2016 between Hess International Sales LLC and the Subsidiary;
“Material Contract” means a contract, agreement, arrangement, guarantee or
indemnity to which a Group Company is a party, from which a Group Company
benefits or which imposes obligations on a Group Company, in each case which (a)
involves payments or receipts by a Group Company of more than USD 1 million over
its term; (b) involves the giving of a guarantee or indemnity by a Group Company
which could reasonably be expected to result in a payment of more than USD 1
million; or (c) is not on arm's length terms;
“Material Effect” means:
(a)
Losses suffered or incurred by the Group Companies exceeding, in the aggregate,
an amount equal to 20% of the Initial Consideration; or

(b)
a diminution in value of the Shares, in aggregate, in an amount exceeding 20% of
the Initial Consideration;

“MMH Inspection” means the MMH inspection and related matters referred to in
specific disclosure (a) set out in the Disclosure Letter;
“OFAC” means the U.S. Department of the Treasury Office of Foreign Assets
Control;
“Ordinary Course of Business” means the activities of the Group Companies that
are taken in the course of the normal day-to-day operations of the Group
Companies, consistent with:
(a)
applicable law and regulations;

(b)
Good and Prudent Oilfield Practices; and

(c)
their by-laws or articles of association;

“Permitted Dividend” means any and all distributions of paid in capital or
retained earnings, including decapitalisations or dividends paid by the Company
to the Seller made after the Economic Date until (and including) the Completion
Date, provided that such dividend can be satisfied in cash which is available to
the Company from its existing cash resources at the date of payment; and the
payment otherwise complies with applicable law;
“Permitted Encumbrances” means liens, charges, mortgages, pledges, encumbrances,
security interests (whether legal or equitable), production payments, carried
interests, overrides, rights of set off or other burdens, in each case, arising
under or otherwise resulting by operation of law;
“Permitted Equity Contribution” means any contribution of an equity nature paid
to a Group Company by the Seller or on its behalf, in each case in whatever form
insofar as such contribution is paid after the Economic Date until (and
including) the Completion Date but not including any contribution of an equity
nature paid by or on behalf of the Seller to a Group Company, or by the Company
to the Subsidiary, in connection with the satisfaction of the Condition;
“Permitted Leakage” means costs reasonably and properly incurred in accordance
with

--------------------------------------------------------------------------------

previous business practice and in the Ordinary Course of Business by the Group
Companies on a cash basis of accounting after the Economic Date until (and
including) the Completion Date pursuant to Affiliate Contracts, and provided
that where Permitted Leakage falls under paragraph 4 of Schedule 7, such
aggregate amount shall not exceed USD 15 million;
“PSC Licence” means the production sharing contract entered into between the
Republic of Equatorial Guinea (represented by the Ministry of Mines and Energy)
and Triton Equatorial Guinea, Inc. for Block G on 26 March 1997, as amended from
time to time;
“Purchasers” means both of Kosmos and Trident and “Purchaser” means either one
of them;
“Purchaser’s Warranties” means the warranties referred to in Clause 12
(Purchasers' warranties and undertakings);
“Reasonably Endeavour” means the taking by a Party of action in accordance with
Good and Prudent Oilfield Practice and reasonable commercial practice as applied
to the particular matter in question, provided, however, that such action shall
not include the incurring of any unreasonable expense;
“Reference Interest Rate” means three (3) percentage points per annum; “Related
Persons” has the meaning given in Clause 23.4 (Entire agreement);
“Representatives” means, in relation to a person, its directors, officers,
employees, external legal advisers, accountants, consultants, financial advisers
and bankers;
“Retained Group” means the Seller, its subsidiaries and subsidiary undertakings
from time to time, any holding company of the Seller and all other subsidiaries
or subsidiary undertakings of any such holding company, in each case as defined
in the Companies Act and including, for the avoidance of doubt, Hess Corporation
and its subsidiaries but excluding the Group Companies after the Completion
Date;
“Rules” has the meaning given in Clause 34.2 (Governing law and jurisdiction);
“Sanctions Laws and Regulations” means (i) any sanctions or requirements imposed
by, or based upon the obligations or authorities set forth in, the Executive
Order, the USA Patriot Act of 2001, the Iran Threat Reduction and Syria Human
Rights Act of 2012, the U.S. International Emergency Economic Powers Act (50
U.S.C. §§ 1701 et seq.), the U.S. Trading with the Enemy Act (50 U.S.C. App. §§
1 et seq.), the U.S. United Nations Participation Act, the U.S. Syria
Accountability and Lebanese Sovereignty Act, the U.S. Comprehensive Iran
Sanctions, Accountability, and Divestment Act of 2010, the Iran Sanctions Act,
or Section 1245 of the National Defense Authorization Act of 2012, all as
amended, or any of the foreign assets control regulations (including but not
limited to 31 C.F.R., Subtitle B, Chapter V, as amended) or any other law or
executive order relating thereto administered by OFAC, and any similar law,
regulation, or Executive Order enacted in the United States after the date of
this Agreement and (ii) any sanctions measures imposed by the United Nations
Security Council, European Union or any of its present member states, or the
United Kingdom;
“Seadrill Claim” means the claim against the Subsidiary by Seadrill Esparanza
Limited referred to in specific disclosure (c)(14) set out in the Disclosure
Letter;
“Seller’s Designated Account” means the bank account the details of which shall
be notified to the Purchasers by the Seller at least five (5) Business Days
prior to Completion or the due date of the relevant payment;
“Seller Guarantee” has the meaning given in Clause 26.4;

--------------------------------------------------------------------------------

“Seller’s Lawyers” means White & Case LLP, 5 Old Broad Street, London EC2N 1DW;
“Senior Managers” means the individuals listed in Schedule 6 (Senior Managers);
“Settlement Agreement” means the settlement agreement between inter alia The
Republic of Equatorial Guinea and the Subsidiary entered into on or about the
Execution Date;
“Shares” means, subject to Clause 5.6, 35,001 ordinary shares in the Company
with a par value of USD 1 each, representing 100% of the shares in the issued
share capital of the Company;
“Subsidiary” means Hess Equatorial Guinea, Inc., further details of which are
set out in Part 2 of Schedule 1 (Details of the Subsidiary);
“Subsidiary Shares” means 100,001 ordinary shares in the Subsidiary with a par
value of USD 10 each, representing 100% of the shares in the issued share
capital of the Subsidiary;
“Surrender Date” has the meaning given in Clause 5.6(a); “Tax” and “Taxation”
means:
(a)
all taxes, assessments, charges, duties, fees, levies or other governmental
charges in the nature of a tax, including all national, federal, state, local,
municipal, foreign and other income, franchise, profits, gross receipts, capital
gains, capital stock, transfer, property, sales, use, value-added, occupational,
excise, severance, windfall profits, stamp, licence, payroll, social security,
royalties, withholding and other taxes, assessments, charges, duties, fees,
levies or other governmental charges in the nature of a tax (whether payable
directly or by withholding, whether or not requiring filing, whether chargeable
directly or primarily against or attributable directly or primarily to any of
the Group Companies or any other person and whether any amount in respect of any
of them is recoverable from any other person) imposed by any Tax Authority; and

(b)
all penalties, fines and interest included in or relating to any Taxation
falling in paragraph (a) above;

“Tax Authority” means any Governmental or Regulatory Authority or other
authority anywhere in the world that has the power to impose or collect any Tax;
“Tax Records” means all returns, information, statements, accounts,
registrations, computations, disclosures, notices, claims, disclaimers,
elections, surrenders and applications relating to Tax;
“Tax Warranties” means the warranties set out in Clause 10.2(qq) to Clause
10.2(aaa);
“Tax Statute” any directive, statute, enactment, law or regulation wherever
enacted or issued, coming into force or entered into providing for or imposing
any Tax, or providing for the reporting, collection, assessment or
administration of any Tax liability, and shall include orders, regulations,
instruments, bye-laws or other subordinate legislation made under the relevant
statute or statutory provision and any directive, statute, enactment, law,
order, regulation or provision that amends, extends, consolidates or replaces
the same or that has been amended, extended, consolidated or replaced by the
same;
“Title Warranties” means the warranties set out in Clause 10.2(a) to Clause
10.2(i) and Clause 10.2(p) to Clause 10.2(r) (Seller’s warranties);
“Transaction Documents” means:

--------------------------------------------------------------------------------

(a)
this Agreement;

(b)
the Disclosure Letter;

(c)
the Updated Disclosure Letter;

(d)
the Transitional Services Agreement;

and “Transaction Document” shall mean any of them;
“Transitional Services Agreement” means the transitional services agreement
relating to certain transitional services to be provided by the Retained Group
to the Subsidiary following Completion, to be entered into on the Completion
Date substantially on the terms set out in the term sheet set out in Schedule 8;
“Trident Designated Account” means the account the details of which shall be
notified to the Seller by Trident at least five (5) Business Days prior to the
due date of the relevant payment;
“Trident Group” means Trident and all its subsidiary undertakings, all its
holding companies and all other subsidiary undertakings of each of its holding
companies and “Trident Group Company” shall mean any one of them;
“Updated Disclosure Letter” means the disclosure letter described as such and
dated as of the Completion Date, addressed by the Seller to the Purchasers and
delivered to the Purchasers on the Completion Date, substantially in the same
form as the Disclosure Letter;
“US GAAP” means the United States generally accepted accounting principles in
effect from time to time;
“USD”, “Dollars” or “$” means the lawful currency of the United States of
America;
“Warranties” means the warranties set out in Clause 10 (Seller’s warranties) and
Clause 16 (Mutual warranties) given by the Seller and “Warranty” shall be
construed accordingly;
“Wilful Misconduct” means any act or failure to act (whether sole, joint, or
concurrent) by a person or entity which was intended to cause, or which was in
reckless disregard of or wanton indifference to, the harmful consequences such
person or entity knew, or should have known, such act or failure would have on
the safety or property of another person or entity;
“Working Capital Amount” means USD 46,450,000, being the working capital of the
Group Companies as at the Economic Date; and
“Working Hours” means, in relation to any location, 9.30 a.m. to 5.30 p.m. at
such location on a Business Day.
1.2
The expression “in the agreed form” means in the form agreed between the Parties
and signed for the purposes of identification by or on behalf of the Parties.

1.3
Any reference to “writing” or “written” means any method of reproducing words in
a legible and non-transitory form (excluding, for the avoidance of doubt,
email).

1.4
References to “include” or “including” are to be construed without limitation.

1.5
References to a “company” include any company, corporation or other body
corporate wherever and however incorporated or established.

--------------------------------------------------------------------------------

1.6
References to a “person” include any individual, company, partnership, joint
venture, firm, association, trust, Governmental or Regulatory Authority or other
body or entity (whether or not having separate legal personality).

1.7
The expressions “body corporate”, “holding company”, “parent undertaking”,
“subsidiary” and “subsidiary undertaking” shall have the meaning given in the
Companies Act.

1.8
The table of contents and headings are inserted for convenience only and do not
affect the construction of this Agreement.

1.9
Unless the context otherwise requires, words in the singular include the plural
and vice versa and a reference to any gender includes all other genders.

1.10
References to Clauses, paragraphs and Schedules are to clauses and paragraphs
of, and schedules to, this Agreement. The Schedules form part of this Agreement.

1.11
References to any statute or statutory provision include a reference to that
statute or statutory provision as amended, consolidated or replaced from time to
time (whether before or after the date of this Agreement) and include any
subordinate legislation made under the relevant statute or statutory provision
except to the extent that any amendment, consolidation or replacement would
increase or extend the liability of the Seller under this Agreement.

1.12
References to any English legal term for any action, remedy, method of financial
proceedings, legal document, legal status, court, official or any legal concept
or thing shall, in respect of any jurisdiction other than England, be deemed to
include what most nearly approximates in that jurisdiction to the English legal
term.

1.13
All payments required in accordance with this Agreement shall be made in USD.
For the purposes of applying a reference to a monetary sum expressed in USD, an
amount in a different currency shall be converted into USD on a particular date
at an exchange rate equal to the mid-point closing rate for converting that
currency into USD on that date as quoted in the New York edition of the
Financial Times first next published (or, if no such rate is quoted in the
Financial Times, the mid-point closing rate quoted by Barclays Bank PLC in
London). In relation to a Claim, the date of such conversion shall be the date
of receipt of notice of that Claim in accordance with Schedule 3 (Limitations on
Liability).

1.14
This Agreement shall be binding on and be for the benefit of the successors of
the Parties.

2.
Sale and purchase

2.1
The Seller shall sell the Shares and the Purchasers shall each purchase fifty
percent (50%) of the Shares with all rights attaching or accruing to them at
Completion on the terms of this Agreement.

2.2
The Seller shall transfer the title to the Shares to the Purchasers free from
all Encumbrances.

2.3
Neither the Seller nor the Purchasers shall be obliged to complete the sale and
purchase of any of the Shares unless the sale and purchase of all the Shares is
completed simultaneously.

3.
Condition

3.1
The obligations of the Seller and the Purchasers to complete the sale and
purchase of the Shares are in all respects conditional on the satisfaction (or
waiver, as the case may be) of the following condition:

--------------------------------------------------------------------------------

(a)
all sums owing by the Contractor (as defined in the Settlement Agreement) to the
General Treasury of the State pursuant to clause 4 of the Settlement Agreement
having been paid (the “Condition”).

3.2
The Seller shall:

(a)
make an equity contribution to the Company and/or the Subsidiary equal to the
sums owing by the Subsidiary to the General Treasury of the State pursuant to
clause 4 of the Settlement Agreement; and

(b)
use reasonable endeavours to procure the fulfilment of the Condition as soon as
possible and in any event before the Long Stop Date.

3.3
The Seller and the Purchasers may, acting jointly and in writing, waive in whole
or in part the Condition.

3.4
The Seller undertakes to notify the Purchasers in writing, and the Purchasers
undertake to notify the Seller in writing, of anything which will or may prevent
the Condition from being satisfied on or before the Long Stop Date promptly
after it comes to its attention.

3.5
Each Party undertakes to notify the other Party as soon as possible on becoming
aware that the Condition has been satisfied and in any event within two (2)
Business Days of such satisfaction.

3.6
If the Condition is not fulfilled or waived on or before the Long Stop Date, the
Parties shall be entitled to treat this Agreement as terminated subject to, and
on the basis set out in, Clause 14.2 (Termination).

--------------------------------------------------------------------------------

4.
Consideration

Initial Consideration
4.1
The initial consideration for the sale and purchase of the Shares shall be an
aggregate amount equal to USD 650,000,000.00 (six hundred and fifty million
Dollars) (the “Initial Consideration”), as adjusted pursuant to the provisions
of this Clause 4.

Initial Statement of Accounts
4.2
The Seller shall prepare and deliver to the Purchasers, by no later than ten
(10) Business Days prior to the Completion Date, the Initial Statement of
Accounts, prepared in accordance with Part 1 of Schedule 5 (Statement of
Accounts). The Initial Statement of Accounts shall be prepared taking into
account reasonable best estimates available at the time of preparation.

Initial Adjusted Consideration
4.3
The Initial Consideration shall be modified (as applicable) by the following
Adjustments calculated in the Initial Statement of Accounts:

(a)
increased by an amount equal to any and all Permitted Equity Contributions paid
by the Seller to the Company;

(b)
decreased by an amount equal to any and all Permitted Dividends paid by the
Company to the Seller;

(c)
increased by the Working Capital Amount;

(d)
increased by amounts paid by the Seller or a member of the Retained Group for
the benefit of a Group Company after the Economic Date until (and including) the
Completion Date to the extent that such amounts:

(i)
are not Permitted Leakage;

(ii)
are reasonably and properly incurred in the Ordinary Course of Business and in
accordance with previous business practice; and

(iii)
in aggregate do not exceed US$1 million unless otherwise agreed by the
Purchasers;

(e)
decreased by an amount equal to Leakage except for Permitted Leakage;

(f)
increased by an amount equivalent to interest calculated in Dollars, using the
Reference Interest Rate, on the Permitted Equity Contribution from the date of
payment of the Permitted Equity Contribution until (and inclusive of) the
Completion Date;

(g)
increased by an amount equivalent to interest calculated in Dollars, using the
Reference Interest Rate, on the Working Capital Amount from (and exclusive of)
the Economic Date until (and inclusive of) the Completion Date;

(h)
decreased by an amount equivalent to interest calculated in Dollars, using the
Reference Interest Rate, on the Permitted Dividends from the date of payment of
the Permitted Dividend until (and inclusive of) the Completion Date; and

(i)
decreased by an amount equivalent to interest calculated in Dollars, using the
Reference Interest Rate, on an amount equal to Leakage (other than Permitted
Leakage) from the date such Leakage arises until (and inclusive of) the
Completion Date; and

--------------------------------------------------------------------------------

(j)
increased by an amount equivalent to interest calculated in Dollars, using the
Reference Interest Rate, on the Initial Consideration from (and exclusive of)
the Economic Date until (and inclusive of) the Completion Date.

4.4
At Completion, the Initial Adjusted Consideration shall be calculated by
increasing or decreasing the Initial Consideration (as the case may be) in
accordance with the Initial Statement of Accounts and in accordance with Clause
4.3 above; provided, however, that the amount of the Initial Consideration shall
not be reduced by the Permitted Leakage, if any.

4.5
Payment by each Purchaser to the Seller of fifty percent (50%) of the Initial
Adjusted Consideration (based on the Initial Statement of Accounts to be
delivered by the Seller to the Purchasers on Completion) shall be made at
Completion in accordance with paragraph 1 of Part 2 of Schedule 2 (Completion
Arrangements).

Final Settlement Amount
4.6
The Initial Adjusted Consideration shall be further adjusted after Completion by
the Final Settlement Amount and an amount equivalent to interest calculated in
Dollars in accordance with Clause 6, using the Reference Interest Rate, on the
Final Settlement Amount as set out in the Final Statement of Accounts, from and
including the day on which Completion takes place to and including the date of
payment thereof, payable in each case by the Purchasers to the Seller if the
Final Adjusted Consideration is greater than the Initial Adjusted Consideration,
and payable in each case by the Seller to the Purchasers if the Final Adjusted
Consideration is less than the Initial Adjusted Consideration. If an amount is
payable by the Purchasers under this clause, each Purchaser shall be liable to
pay the Seller fifty percent

(50%) of such amount. If an amount is payable by the Seller to the Purchasers
under this clause, the Seller shall be liable to pay each Purchaser fifty
percent (50%) of such amount.

--------------------------------------------------------------------------------

5.
Pre-Completion Obligations

5.1
Subject to Clause 5.2, the Seller shall procure that from the Execution Date
until Completion, each Group Company will:

(a)
conduct its business in the Ordinary Course of Business and in substantially the
same manner as in the 24 months prior to the Execution Date;

(b)
subject to the non-Affiliated parties to the JOA and any other non-Affiliated
committee members providing their prior consent, permit the Purchasers, at the
Purchaser’s sole cost to appoint an observer to operating committee meetings and
technical committee meetings under a JOA, provided that any such meeting shall
proceed irrespective of whether such appointee is in attendance;

(c)
consult with the Purchasers with regard to the PSC Licence prior to any material
decision in connection with the PSC Licence which is not in the Ordinary Course
of Business;

(d)
procure that each Purchaser is given reasonable access at reasonable times, on
reasonable advance notice and at the Purchaser’s sole cost, to all material
documents, material information and data reasonably requested by a Purchaser
relating to all material facts, matters and things in respect of the Group
Companies and the Interest Documents;

(e)
conduct its affairs in relation to the PSC Licence materially in accordance with
and in compliance with the Interest Documents (including taking all reasonable
steps to ensure that the PSC Licence is protected and maintained); and

(f)
insure the Business and the assets of the Group Company and the PSC Licence and
operations at the PSC Licence in the Ordinary Course of Business and
substantially in the same manner and to the same extent as prior to the date of
this Agreement and pay all premia thereon,

provided that neither the Seller nor any Group Company shall be required to
comply with paragraphs (b), (c) or (d) above, where (i) the Seller and/or a
Purchaser has given notice that, in its reasonable opinion the Condition is
unlikely to be satisfied on or before the Long Stop Date or (ii) the Seller
reasonably believes that doing so would lead to the disclosure of any
proprietary or commercially sensitive information relating to the Seller or any
of its Affiliates (other than information relating solely to the Business).
5.2
Notwithstanding Clause 5.1, in the period between the Execution Date and
Completion, except as may be required or permitted by this Agreement or as may
be required by any applicable law or any Governmental or Regulatory Authority,
the Seller shall not and shall procure that, no Group Company shall do any of
the following without the prior written consent of each Purchaser (such consent
not to be unreasonably withheld, conditioned or delayed):

(a)
declare, make or pay any dividend or other distribution, other than dividends or
distributions to another Group Company or Permitted Dividends;

(b)
sell or agree to sell the Shares or the Subsidiary Shares (in whole or in part)
to a third party or accept any offer from a third party to purchase the Shares
or the Subsidiary Shares (in whole or in part);

(c)
create, allot or issue any shares in a Group Company, or give, create or enter
into any option over shares in a Group Company, other than to another Group
Company;

--------------------------------------------------------------------------------

(d)
create or grant, or agree to create or grant, any Encumbrance (other than
Permitted Encumbrances) over the Shares or the Subsidiary Shares or over any
material assets of a Group Company;

(e)
sell or agree to sell any material assets of a Group Company (in whole or in
part);

(f)
in respect of the Group Companies only, grant any guarantees or indemnities for
the benefit of any person, other than in the Ordinary Course of Business;

(g)
grant any loans by the Group Companies other than credit under usual terms or
write off or release any debts;

(h)
voluntarily surrender, withdraw from or abandon the PSC Licence (in whole or in
part);

(i)
amend (in any material respect), terminate or agree to amend or terminate any of
the Interest Documents;

(j)
amend, any Affiliate Contract in a manner that would cause Permitted Leakage
arising from such Affiliate Contract to be materially increased;

(k)
waive or agree to waive any of its rights or remedies under the Interest
Documents in so far as such rights and remedies materially affect the PSC
Licence;

(l)
enter into any contract, agreement or arrangement which, once entered into,
would be a Material Contract, or amend (in any material respect), terminate or
agree to amend or terminate any such Material Contract, in any such case, other
than in the Ordinary Course of Business;

(m)
propose any scheme or plan of arrangement, reconstruction, amalgamation, merger
or demerger in respect of the Group Companies;

(n)
propose any winding-up or liquidation of the Group Companies;

(o)
make any material change in the nature or organisation of the business of the
Group Companies;

(p)
discontinue, cease to operate or wind up, or resolve to do any of the foregoing,
as to all or any material part of the business of the Group Companies;

(q)
make any variation to the terms and conditions of employment of any employee of
a Group Company other than in the usual course of business;

(r)
appoint, employ or offer to appoint or employ any person other than in the usual
course of business;

(s)
dismiss any employee other than in the usual course of business;

(t)
incur or pay any management charge or make any other payment in each case to any
member of the Retained Group or their Representatives, other than, for the
avoidance of doubt, payments of such fees to another Group Company and payments
specified as Permitted Leakage or as Permitted Dividends;

(u)
institute, abandon or settle any material legal proceedings (except debt
collection in the Ordinary Course of Business) against or otherwise involving a
Group Company or make any admission of material liability by or on behalf of a
Group Company;

--------------------------------------------------------------------------------

(v)
make, revoke or amend any Tax election or, other than as expressly required to
satisfy the Condition, settle or compromise any Tax liability or agree to an
extension or waiver of the limitation period to any Tax claim made by any Tax
Authority or grant any power of attorney with respect to Taxes or enter into any
closing agreement with respect to any Tax;

(w)
change any method of accounting for Tax purposes; or

(x)
file any amended income Tax return or other material amended Tax return other
than as expressly required to satisfy the Condition.

5.3
Clause 5.2 does not apply in respect of and shall not operate so as to restrict
or prevent:

(a)
any matter reasonably undertaken in an emergency or disaster situation with the
intention of and to the extent only of those matters strictly required with a
view to minimising any adverse effect of such situation (and of which the
Purchasers will be promptly notified in writing);

(b)
the completion or performance of any obligations undertaken pursuant to any
agreement Disclosed prior to the date of this Agreement and which was entered
into prior to the date of this Agreement.

(c)
any matter expressly permitted by, or necessary for performance of, this
Agreement (including, for the avoidance of doubt, the satisfaction of the
Condition and the performance of Clause 5.6) or any of the other Transaction
Documents or necessary for Completion;

(d)
any matter undertaken at the request of the Purchaser (subject to the Seller
being able to undertake such matter);

(e)
providing information to any Regulatory Authority in the Ordinary Course of
Business;

(f)
any matter to the extent required by applicable law;

(g)
any Permitted Leakage.

5.4
It would be unreasonable for the Purchasers to withhold their consent under
Clause 5.2 if the consent being sought is reasonably necessary to maintain the
present status or condition of any of the assets of the Group Companies in
accordance with Good and Prudent Oilfield Practice and/or in order to comply
with its obligations under the Interest Documents as Disclosed prior to the
Execution Date.

5.5
The Seller and the Purchasers (each on behalf of the Subsidiary) shall use all
reasonable endeavours and shall negotiate in good faith to agree as soon as
reasonably practicable after the date of this Agreement, and in any event before
Completion, the final form of the Transitional Services Agreement in accordance
with the principles and agreed terms set out in Schedule 8 (Transitional Service
Agreement Term Sheet). If upon Completion the Seller and the Purchasers (each on
behalf of the Subsidiary) have not agreed the final form of the Transitional
Services Agreement, and/or the parties thereto have not entered into the
Transitional Services Agreement, the Seller shall procure that the Retained
Group provides the relevant transitional services to the Subsidiary in
accordance with the terms set out in the term sheet set out in Schedule 8.

5.6
No later than five (5) Business Days prior to the Completion Date, the Seller
shall:

--------------------------------------------------------------------------------

(a)
irrevocably surrender one Share for zero consideration (the date of such
surrender being the “Surrender Date”), such that on Completion the Company will
have 35,000 shares with a par value of USD 1 each in issue; and

(b)
notify the Purchasers that such surrender has taken place and provide to the
Purchasers a certified copy of the register of members of the Company evidencing
such surrender,

and with effect from the Surrender Date the definition of “Shares” in Clause 1.1
shall be construed accordingly.

--------------------------------------------------------------------------------

6.
Final statements of accounts

6.1
The Seller shall prepare and deliver to the Purchasers, by no later than one
hundred and twenty (120) days after the Completion Date, the Final Statement of
Accounts, prepared in accordance with Part 2 of Schedule 5 (Statement of
Accounts). The Final Statement of Accounts shall be based on actual financial
results where available, or, in the absence of such results, on reasonable best
estimates available at the time of preparation, and shall include any amounts
not previously accounted for at Completion pursuant to the Initial Statement of
Accounts and/or any necessary correction of amounts accounted for pursuant to
the Initial Statement of Accounts.

6.2
During a period of thirty (30) days following the Final Statement of Accounts
Date, the Purchasers may verify all amounts in the Final Statement of Accounts.

6.3
If any Purchaser takes exception to any of the figures contained in the Final
Statement of Accounts, that Purchaser shall notify the Seller in writing, within
forty-five (45) days of the Final Statement of Accounts Date, listing all
figures in the Final Statement of Accounts that it disputes or is otherwise
unable to verify based upon the Seller’s documentation (or lack thereof) and
detailing the basis for each exception, to the extent of the information then
available to the Purchaser. In the event that a Purchaser delivers such a
written notice of dispute to the Seller within the applicable time limit, the
provisions of Clause 6.4 shall apply as to all disputed figures contained in the
Final Statement of Accounts.

6.4
Upon a Purchaser delivering a written notice to the Seller pursuant to Clause
6.3, the Seller and the Purchasers shall Reasonably Endeavour to resolve all of
the written exceptions, and upon such resolution the Final Statement of Accounts
shall be deemed amended accordingly. In the event that the Seller and the
Purchasers have not agreed upon the resolution of all outstanding figures in the
Final Statement of Accounts within fifty-five (55) days of the Final Statement
of Accounts Date, a Purchaser may, by written notice delivered to the Seller
within sixty (60) days of the Final Statement of Accounts Date, refer all
unresolved figures in the Final Statement of Accounts for binding dispute
resolution by an independent expert as provided for in Clause 6.6.

6.5
All figures:

(a)
to which no Purchaser, within the time permitted, takes exception as provided
for in Clause 6.3; or

(b)
that are disputed by a Purchaser pursuant to Clause 6.3 within the time
permitted but are resolved between the Purchasers and the Seller or not referred
by a Purchaser for dispute resolution within sixty (60) days of the Final
Statement of Accounts Date as provided for in Clause 6.4,

shall be deemed finally resolved between the Purchasers and the Seller and shall
be paid, in accordance with the relevant Final Statement of Accounts, by the
owing Party or Parties (as

--------------------------------------------------------------------------------

applicable) to the other Party or Parties (as applicable), by the transfer of
immediately available funds to the Seller’s Designated Account or in equal parts
into the Kosmos Designated Account and the Trident Designated Account (as
applicable) within seventy-five (75) days of the Final Statement of Accounts
Date. In the event that a Purchaser, within the time permitted, takes exception
to any figure in a Final Statement of Accounts pursuant to Clause 6.3 and then,
within the time permitted, a Purchaser invokes binding dispute resolution as to
any outstanding exception as referenced in Clause 6.4, no disputed amount shall
be paid by the relevant Party or Parties (as applicable) until such outstanding
exception is resolved. For the avoidance of doubt, all amounts that are not
disputed shall be paid by the relevant Party or Parties (as applicable) no later
than within seventy-five (75) days of the Final Statement of Accounts Date.
6.6
In the event that a Purchaser notifies the Seller, within the applicable time
limit, of the referral of any dispute regarding any figures contained in the
Final Statement of Accounts for resolution by an independent expert as provided
for in Clause 6.4, the Seller and the Purchasers shall Reasonably Endeavour to
appoint, by agreement, an independent expert, being a member in good standing
for not less than ten (10) years of the American Institute of Certified Public
Accountants, with relevant expertise, and without any conflict of interest
involving any Party or their Affiliates. In the event that the Seller and the
Purchasers do not make such appointment within ten (10) days of delivery of the
Purchaser’s referral notice as described in Clause 6.4, then, upon the
application of any Party, the appointment shall be referred to the New York
Office of the American Arbitration Association. The independent expert shall
consider such written documentation and other submittals as he or she may
request of the Parties and may seek such specialised consultancy advice as he or
she sees fit. The decision of the independent expert so appointed shall be in
writing, delivered not later than sixty (60) Business Days from the date of
appointment of such independent expert unless otherwise agreed by the Parties
and shall, in the absence of fraud or manifest error, be final and binding on
the Parties. The payment of any outstanding amount, as determined by such
independent expert, plus interest on such amount at the Reference Interest Rate
from (and inclusive of) the Completion Date to (and inclusive of) that certain
Business Day immediately preceding the date of payment, as determined to be
owing by either Party to the other, shall be made within fifteen (15) days of
such decision. The costs of the independent expert shall be borne as determined
by the independent expert. Such independent expert shall be deemed to be acting
as an expert and not as an arbitrator.

6.7
All Adjustments shall be accounted for in Dollars, and any Adjustments not
expressly provided herein as Adjustments to be accounted for in Dollars shall be
converted to Dollars, with any such exchange rate conversions being made as
provided for in the definition thereof in Clause 1.1 of this Agreement and in
accordance with the Seller’s normal accounting policies and procedures. Any and
all amounts owing pursuant to this Agreement shall be paid on the due date for
payment in immediately available funds to the Seller’s Designated Account or in
equal parts into the Kosmos Designated Account and the Trident Designated
Account (as applicable).

6.8
No item taken into account in calculating any one Adjustment shall be taken into
account in calculating any other Adjustment such that it would result in a Party
making or receiving payment twice in respect thereof.

6.9
For the avoidance of doubt, all payments made by one Party to another Party
pursuant to the Final Statement of Accounts, including any amount that is
ultimately determined to be owing by one Party to another Party pursuant to the
dispute resolution procedures of Clause 6.6, shall be deemed Adjustments to the
Initial Adjusted Consideration.

7.
Leakage

--------------------------------------------------------------------------------

7.1
Pending Completion, the Seller shall procure that no Group Company shall
undertake any act or course of conduct which would result in Leakage. In this
Agreement, “Leakage” means:

(a)
the declaration, making or payment of any dividend or other distribution, or
making of any redemption, purchase or other acquisition of any of its shares or
other ownership interests, other than Permitted Dividends; and

(b)
the making of any payment (including of consulting, advisory or management fees)
to the Retained Group or their Representatives, other than, for the avoidance of
doubt, payments specified as Permitted Leakage,

but shall not include:
(c)
any matter undertaken at the request of the Purchasers (subject to the Seller
being able to undertake such matter) or with the Purchasers' consent, such
consent not to be unreasonably withheld, conditioned or delayed;

(d)
for the avoidance of doubt, any payment made by a Group Company to the General
Treasury of the State (as referred to in the Settlement Agreement) in order to
satisfy the Condition; and

(e)
any Permitted Leakage.

7.2
Except where an adjustment is made in respect of Leakage under Clause 4.3
(Initial Adjusted Consideration) or 4.6 (Final Settlement Amount), the Seller
shall indemnify and hold each Purchaser harmless from and against all Losses
suffered or incurred by it arising from the breach by the Seller of any
covenants or undertakings contained in Clause 7.1.

7.3
Any payment pursuant to Clause 7.2 shall be treated as an adjustment to the
Initial Adjusted Consideration or Final Adjusted Consideration, as applicable.

8.
Completion

8.1
Completion shall take place on the Completion Date at the offices of the
Seller’s Lawyers or at such other place as is agreed in writing by the Seller
and Purchasers.

8.2
At Completion the Seller shall do those things listed in Part 1 of Schedule 2
(Completion Arrangements) and the Purchasers shall do those things listed in
Part 2 of Schedule 2 (Completion Arrangements).

8.3
If there is a material breach of Clause 8.2 and Schedule 2 (Completion
Arrangements) on the Completion Date, the Seller or, as the case may be, the
Purchasers may (provided, that the Seller or a Purchaser (as applicable) has not
itself materially breached Clause 8.2 and Schedule 2 (Completion Arrangements)):

(a)
defer Completion (with the provisions of this Clause 8 applying to Completion as
so deferred);

(b)
proceed to Completion as far as practicable (without limiting its rights and
remedies under this Agreement); or

(c)
terminate this Agreement by written notice to the other Parties, provided that
the Parties’ accrued rights and obligations under this Agreement (excluding any
right of the Purchasers to claim damages for breach of Warranty) and their
rights and

--------------------------------------------------------------------------------

obligations under the Continuing Provisions shall continue, but in all other
respects the Parties’ rights and obligations under this Agreement shall cease.

--------------------------------------------------------------------------------

9.
Post-completion covenants

9.1
Following Completion, each Purchaser undertakes to the Seller not to bring (and
to procure that no other member of the Kosmos Group (in respect of Kosmos) or
the Trident Group (in respect of Trident) (including, for the avoidance of doubt
in respect of each of Kosmos or Trident, the Group Companies) shall bring) any
action, challenge, claim or proceeding, against all Senior Managers in respect
of any action (or inaction), conduct, default or omission of any such person
prior to Completion except in the case of fraud or Wilful Misconduct.

9.2
Subject to Clause 9.3, the Seller shall procure that each Affiliate Contract and
any other contract or arrangement between a Group Company and any member of the
Retained Group shall be terminated at Completion and, except in respect of
issuance pursuant to Clause 9.4 and payment of any bona fide invoices issued,
the Seller shall, and shall procure that its Affiliates shall, release in full
and hold the Group Companies harmless in respect of and the relevant Group
Company shall release in full and hold the Seller, and its Affiliates, harmless
against all claims and liabilities (other than in respect of third party claims)
arising directly under the Affiliate Contracts up to and including the
Completion Date. Notwithstanding termination of the Marketing Services Agreement
pursuant to this Clause 9.2 (or as otherwise agreed), the Seller shall procure
that Hess International Sales LLC or any member of the Retained Group will pay
to the Subsidiary all sums that would, but for the termination, have been
payable by Hess International Sales LLC to the Subsidiary under the Marketing
Services Agreement (or otherwise) in relation to any Sales Agreements (as
defined under the Marketing Services Agreement) entered into prior to the date
of such termination.

9.3
The Purchasers may request in writing to the Seller at least fifteen (15)
Business Days prior to Completion that certain Affiliate Contracts shall remain
in place following Completion (the “Maintained Affiliate Contracts”). On receipt
of a written request from the Purchasers, the Seller shall procure that each
Maintained Affiliate Contract shall not be terminated at Completion.

9.4
If, at Completion, any amounts have been reasonably and properly incurred in
accordance with an Affiliate Contract or a Maintained Affiliate Contract but
have not been invoiced to the Group Company, within thirty (30) days of
Completion the Seller shall or shall procure that its Affiliate shall, issue a
final invoice under that Affiliate Contract or the latest invoice under that
Maintained Affiliate Contract requesting payment of such outstanding amounts.

10.
Seller’s warranties

10.1
Any Warranties that are qualified by the knowledge, belief or awareness of the
Seller shall mean the actual (but not constructive or imputed) knowledge, belief
or awareness of the Senior Managers (having made all reasonable enquiries of
such other Senior Managers), provided, that, in the event of any breach or claim
with respect to the Warranties, such individuals shall not incur any liability
under the Agreement on the basis of their responses to such enquiry.

10.2
The Seller warrants to the Purchasers as of the Execution Date and as of the
Completion Date that:

Incorporation and Authority

--------------------------------------------------------------------------------

(a)
The Seller and the Group Companies are companies duly incorporated and validly
existing under laws of the Cayman Islands and each of the Group Companies have
full corporate power and authority to carry on its business as it is now being
conducted and to own the assets it now owns.

(b)
The Seller has full power and authority to enter into and perform this Agreement
and the Seller has full power and authority to enter into and perform the other
Transaction Documents to which it is a party and all other documents executed by
the Seller which are to be delivered at Completion (together, the “Documents”),
each of which constitutes (when executed) legal, valid and binding obligations
of the Seller in accordance with its respective terms.

(c)
The execution, delivery and performance by the Seller of the Documents will not
constitute a breach of any laws or regulations in any relevant jurisdiction or
result in a breach of or constitute a default under (i) any provision of the
memorandum and articles of association of the Seller; (ii) any order, judgment
or decree of any court or governmental authority by which the Seller, or the
Company is bound; or (iii) any agreement or instrument to which the Seller or
any Group is a party or by which it is bound.

(d)
The Seller and any the Group Company are not insolvent or unable to pay its
debts within the meaning of the Insolvency Act 1986 (or under the insolvency
laws of any applicable jurisdiction) or has stopped paying debts as they fall
due. No order has been made, petition presented or resolution passed for the
winding up of the Seller or any Group Company. No administrator or any receiver
or manager has been appointed by any person in respect of the Seller or any
Group Company or all or any of its or their assets and no steps have been taken
to initiate any such appointment and no voluntary arrangement has been proposed.
The Seller and any Group Company have not become subject to any analogous
proceedings, appointments or arrangements under the laws of any applicable
jurisdiction.

Ownership of the Shares
(e)
The Seller is and will at the Completion Date be the sole legal and beneficial
owner of, and has the right to exercise all voting and other rights over, all of
the Shares. The Company is and will at the Completion Date be the sole legal and
beneficial owner of, and has the right to exercise all voting and other rights
over, all of the Subsidiary Shares in the Subsidiary.

(f)
The Shares are and will at the Completion Date constitute the entire allotted
and issued share capital of the Company and are fully paid up. The Subsidiary
Shares are and will at the Completion Date constitute the entire allotted and
issued share capital of the Subsidiary and are fully paid up.

(g)
The Shares are and will at the Completion Date be free from all Encumbrances and
there is no agreement or commitment to give or create any Encumbrance over or
affecting the Shares and no claim has been made by any person to be entitled to
any such Encumbrance. The Subsidiary Shares are and will at the Completion Date
be free from all Encumbrances and there is no agreement or commitment to give or
create any Encumbrance over or affecting the Subsidiary Shares and no claim has
been made by any person to be entitled to any such Encumbrance.

(h)
There are and will be no agreements or commitments outstanding which call for
the issue of any shares, loan stock or debentures in or other securities of any
Group Company

--------------------------------------------------------------------------------

or accord to any person the right to call for the issue of any such shares, loan
stock, debentures or other securities.

--------------------------------------------------------------------------------

(i)
No notices have been received by any of the Seller or any Group Company and so
far as the Seller is aware no steps have been taken in relation to any
expropriation, nationalisation or dilution or similar of the share capital of
any Group Company or the PSC Licence.

Corporate and business
(j)
The information relating to the Group Companies set out in Schedule 1 (Details
of the Group Companies) is true and accurate in all respects.

(k)
No Group Company has any subsidiary undertakings or any interest in the shares
or other capital of any entity, other than, in the case of the Company, the
Subsidiary.

(l)
The copies of the constitutional documents of the Group Companies, the PSC
Licence, the JOA and, so far as the Seller is aware, the minutes of the
Operating Committee (excluding any attachments, annexes or schedules thereto)
included in the Data Room Documents are true and complete copies of the
originals of such documents.

(m)
The books, registers and records (including all accounting records) of the Group
Companies are in all material respects complete and accurate and up to date in
accordance with applicable laws and are maintained and retained in accordance
and for the period required by applicable laws. All such books, registers and
records and other necessary documents and records relating to its affairs are in
the possession or under the direct control, and subject to the unrestricted
access, of the relevant Group Company. So far as the Seller is aware, the Group
Companies have not received any application for rectification of any of its
registers, including the register of members.

(n)
So far as the Seller is aware, there is no power of attorney given by any Group
Company in force and no outstanding authority by which any person may enter into
an agreement, arrangement or obligation to do anything on behalf of any Group
Company (other than any authority of its directors, branch manager and certain
legal representatives to act in the ordinary and usual course of their duties).

(o)
No Group Company is subject to any actual or contingent liability arising out of
or in connection with any production sharing contract or equivalent arrangement
(other than the PSC Licence) to which it has been a party or in which it has
held an interest.

Asset and title to the PSC Licence
(p)
The relevant Group Company is the holder of an 80.75% equity participating
interest in the PSC Licence, which is burdened by an 85% paying working interest
in the PSC Licence, but otherwise free from any Encumbrances (other than the
rights in favour of GEPetrol and other Governmental or Regulatory Authority
according to the terms of the PSC Licence and applicable laws).

(q)
So far as the Seller is aware, the PSC Licence and the JOA are valid and in full
force and effect.

(r)
No Group Company is or, so far as the Seller is aware, has in the past been in
default or in breach of any material terms or conditions of any of the PSC
Licence or the JOA and no event has occurred or failed to occur which
constitutes, or with the giving of notice or lapse of time or both, would
constitute, a material breach or default of the PSC Licence or the JOA by a
Group Company.

(s)
So far as the Seller is aware, no other party to the JOA is in default or in
breach of any material terms or conditions of any of the JOA and so far as the
Seller is aware, no

--------------------------------------------------------------------------------

event has occurred or failed to occur which constitutes, or with the giving of
notice or lapse of time or both, would constitute, a material breach or default
of the JOA by any other party to it.
(t)
So far as the Seller is aware, the Group Companies have paid all material fees
and charges imposed by any applicable Governmental or Regulatory Authority,
which have become due and payable with respect to the PSC Licence.

(u)
So far as the Seller is aware, no Group Company has received any written
notification from any applicable Governmental or Regulatory Authority that any
investigation or inquiry is being or has been conducted by any such Governmental
or Regulatory Authorities in respect of violations of Environmental Law in
relation to the PSC Licence.

(v)
The PSC Licence, together with applicable laws, contains the entirety of the
obligation of the relevant Group Company to the Governmental or Regulatory
Authorities, and no other understanding or agreement exists between the relevant
Group Company and the Governmental or Regulatory Authorities in relation to the
subject matter of the PSC Licence.

Material assets
(w)
The material assets included in the Accounts or acquired by the Group Companies
since the Economic Date (other than trading stock disposed of since that date in
the ordinary course of business) and all other material assets owned by the
Group Companies are the absolute property of the relevant Group Company (save to
the extent cost recovered under the PSC Licence) and are free from any
Encumbrance.

(x)
The Group Companies do not have any Encumbrances subsisting over the whole or
any part of its present or future revenues or material assets.

(y)
All such material assets owned by the Group Companies are not the subject of any
leasing, hiring or hire purchase agreement or agreement for payment on deferred
terms or assignment or factoring or other similar agreement.

(z)
All such material assets are in the possession or under the control of the
relevant Group Company.

Any reference to “assets” in (w) and (z) shall not include any assets
constituting the participating interest in the PSC Licence (including any Joint
Property as defined in the JOA) or the PSC Licence.
Accounts
(aa)    The Accounts:
(i)
have been prepared by the Group Companies in accordance with the applicable law
and US GAAP;

(ii)
have been prepared in accordance with the Group Companies' relevant accounting
principles (as Disclosed), and in a manner consistent with the Group Companies'
past practice of applying such accounting principles;

(iii)
are accurate in all material respects;

(iv)
show a true and fair view of the financial position, assets, liabilities, profit
or loss and cash flows of the Group Companies as of the dates and periods
indicated therein; and

(v)
the Disclosure Letter contains true and accurate copies of all the Accounts,

provided that no warranty given by this paragraph (aa) shall be construed as a
warranty relating to the appropriate inclusion in the Accounts of any reserve or
accrual for uncertain or contingent Tax positions as required by US GAAP.

Debt
(bb)
Save as Disclosed, the Group Companies have no Debt and are not party to nor
bound by any agreement relating to Debt. On the Closing Date, no Group Company
will have any Debt whatsoever nor be party to nor be bound by any agreement
relating to Debt;

Material Disputes
(cc)
Save as Disclosed, no Group Company is a plaintiff nor, so far as the Seller is
aware, a defendant in or otherwise a party to any litigation, arbitration or
administrative proceedings of a material nature;

(dd)
So far as the Seller is aware, no Group Company has received any written
notification of any material dispute which in the reasonable opinion of the
Seller is likely to give rise to any such litigation, arbitration or
administrative proceedings as are referred to in (cc) above.

Compliance with Laws
(ee)
So far as the Seller is aware, each Group Company (i) has carried on, and is
carrying on, the Business (including, in the case of the Subsidiary, as Operator
and in relation to the ownership of the participating interest in the PSC
Licence) in compliance in all material respects with applicable laws and (ii)
holds (and is in compliance with) all material authorisations, permissions,
licences, permits, consents and approvals from and agreements with any
Governmental or Regulatory Authority required under applicable law in relation
to its acting as Operator, the conduct of the Business and operations and the
ownership of the participating interest in the PSC Licence.

(ff)
Save as Disclosed, (i) there is no ongoing disagreement in writing between any
Group Company and any Governmental or Regulatory Authority in relation to cost
recovery in respect of a material amount, (ii) so far as the Seller is aware, no
Governmental or Regulatory Authority has indicated in writing that any material
sums incurred in relation to operations under the PSC Licence are not capable of
being cost recovered; and (iii) no written request for an official audit, review
or investigation in relation to cost recovery has been received by any Group
Company from any Governmental or Regulatory Authority.

(gg)
None of the Seller, any member of the Retained Group nor any of their respective
Representatives acting or benefiting in any capacity in connection with the
transactions contemplated by this Agreement and other Transaction Documents is
or will be at the Completion Date: (i) in violation of any Sanctions Laws and
Regulations; (ii) a Designated Person or otherwise the target of Sanctions;
(iii) involved in any transactions directly or indirectly, relating to or with
entities located in countries subject to U.S. economic sanctions; or (iv)
engaged in dealings in or with any property or interest in property blocked
pursuant to any Sanctions Laws and Regulations.

--------------------------------------------------------------------------------

Contracts

(hh)
Other than those agreements contained in the Data Room Documents, there is no
outstanding amount over the amount of USD$25,000 which is due and payable under
any material agreement to which any Group Company is a party.

(ii)
Other than as Disclosed, there is no material agreement to which any Group
Company is a party, including any area of mutual interest agreement, joint
bidding agreement, guarantee, indemnity, credit support or suretyship.

Environment, Health and Safety
(jj)
The Subsidiary complies and has at all times in the ten years prior to the date
of this Agreement complied in all material respects with Environmental Law;

(kk)
So far as the Seller is aware, the Subsidiary has not received in the ten years
prior to the date of this Agreement a written complaint or a notice alleging a
material breach of, or a material liability under, Environmental Law.

(ll)
So far as the Seller is aware, the Subsidiary has obtained and complies, and at
all times in the ten years prior to the date of this Agreement has obtained and
complied, in all material respects with each material Environmental permit
required to carry on the Business and its operations under the PSC Licence.

Employees
(mm)    The current employees of the Group Companies are listed in the
Disclosure Letter. (nn)    The Group Companies have complied in all material
respects with all employee
benefit plans, employment contracts, union agreements and local labour laws in
respect of the employees of the Group Companies.
(oo)
Save as Disclosed, there are no material disputes with (or claims by) any
unions, works councils, staff associations or other employee representative
bodies in relation to the employees of the Group Companies so far as the Seller
is aware.

(pp)
So far as the Seller is aware, the Group Companies have funded all reserves
required by local labour laws in respect of end of service severance payments,
retirement funds and other benefit plans and programs.

Tax
(qq)
For all periods commencing on or after the Economic Date, each Group Company has
complied, in all jurisdictions, in all material respects with all statutory
provisions, rules, regulations, orders and directions required of it under any
Tax Statute or otherwise required by law, and all Tax Records submitted after
the Economic Date which relate to periods commencing on or after the Economic
Date remain at the date of this Agreement complete, correct and accurate in all
material respects.

(rr)
Each Group Company has complied in all material respects with all statutory
provisions, rules, regulations, orders and directions required of it in relation
to records, invoices and other information required to be kept in relation to
Tax.

(ss)
For all periods commencing on or after the Economic Date, each Group Company has
duly and timely paid all Tax (including where required by way of deduction or
withholding and including any requirement to account for such deducted or
withheld Tax) for which it is liable and no Group Company is liable, nor has for
all periods commencing on or after the Economic Date been liable, to pay any
interest, fine or other penalty in connection with Tax.

--------------------------------------------------------------------------------

(tt)    Since the Economic Date:
(i)
no Group Company has been involved in any transaction outside the Ordinary
Course of Business which has given or may give rise to a liability to Tax on any
Group Company (or would have given or might give rise to such a Tax liability
but for the availability of any Tax relief);

(ii)
no accounting period of any Group Company has ended; and

(iii)
there has been no change to the approach taken by any Group Company to matters
relating to Tax as compared to any positions taken in any Tax Returns which have
been filed prior to the Economic Date save as required by the Settlement
Agreement.

(uu)
For all periods commencing on or after the Economic Date, no Group Company has
been or is involved in any material dispute with any Tax Authority, and no Group
Company is the subject of any enquiry with any Tax Authority concerning any
matter other than routine enquiries of a minor nature and the Seller is not
aware of any circumstances which would or would be liable to give rise to such a
dispute or enquiry.

(vv)
The Company is incorporated, and has its registered office, in the Cayman
Islands. No Tax Authority in any jurisdiction considers the Company is resident
for Tax purposes in or has a permanent establishment in its jurisdiction. The
Company is tax- exempted in the Cayman Islands.

(ww)
The Subsidiary is incorporated, and has its registered office, in the Cayman
Islands. No Tax Authority in any jurisdiction (other than the Republic of
Equatorial Guinea) considers that the Subsidiary is resident for Tax purposes in
or has a permanent establishment in its jurisdiction. The Subsidiary is
tax-exempted in the Cayman Islands.

(xx)
Since the Economic Date, all transactions entered into by each Group Company
have been entered into on an arm's length basis and the consideration (if any)
which has been charged, received or paid by the relevant Group Company on all
transactions entered into by it since the Economic Date has been equal to the
consideration which would have been expected to be charged, received or paid
between independent persons dealings at arm's length.

(yy)
No Group Company is or has been party to any scheme, arrangement, transaction or
series of transactions the main purpose, or one of the main purposes of which,
was the avoidance of Tax which was either entered into after the Economic Date
or otherwise has effect for any period after the Economic Date.

(zz)
No Group Company is bound by or party to any Tax sharing or Tax allocation
agreement.

(aaa)
So far as the Seller is aware, no transaction, act, omission or event has
occurred in consequence of which any Group Company is or may be held liable for
any Tax (including under an indemnity) which Tax is primarily or directly
chargeable against or attributable to any person other than any of the Group
Companies, whether such liability arises as a result of the operation of law or
any agreement entered into by any of the Group Companies.

10.3
Each Purchaser acknowledges and confirms, that:

(a)
it does not rely on and has not been induced to enter into this Agreement on the
basis

--------------------------------------------------------------------------------

of any warranties, representations, covenants, undertakings, indemnities or
other statements whatsoever other than the Warranties. In particular, no
warranty, representation, covenant, undertaking, indemnity or other statement
has been given (expressly or impliedly) in respect of, and each Purchaser
acknowledges that it has had an adequate opportunity to review, agrees to hold
the Retained Group harmless and is solely responsible for forming its own
opinion as to:
(i)
the amount, quality or deliverability of hydrocarbons attributable to any asset
of any Group Company;

(ii)
any geological, geophysical, engineering, economic or other interpretations,
forecasts or evaluations;

(iii)
any forecast of expenditures, budgets or financial projections (including any
projections as to the future profitability or future value of any Group
Company);

(iv)
any geological formation, drilling prospect or hydrocarbon reserves;

(v)
the repair, condition, working order, fitness for purpose or future performance
or capability of any property, plant or equipment forming part of or relating to
the assets of any Group Company; and

(vi)
the future performance of any Group Company (including revenues and costs);

(b)
none of the Seller, any Group Company, any member of the Retained Group nor any
of their Representatives have given any such warranties, representations,
covenants, undertakings, indemnities or other statements;

(c)
it has carried out such investigations, made such enquiries and taken such
advice as is necessary to evaluate the merits and risks of acquiring the Group
Companies and to protect its interests in connection with such acquisition; and

(d)
it has had adequate access to information regarding the Business, the Seller,
the Retained Group and any Group Companies and it has performed Due Diligence to
its full satisfaction and in a manner and to a degree customary with respect to
the type and size of transaction contemplated by this Agreement.

10.4
Nothing in Clause 10.3 shall limit the Warranties given by the Seller or the
standard of Disclosure required to limit the Seller's liability in respect
thereof under Schedule 3 (Seller’s Limitations on Liability).

10.5
Each of the Warranties (subject to Clause 11 (Seller’s limitations on liability)
and Schedule 3 (Seller’s Limitations on Liability) below) shall be construed as
a separate and independent warranty and shall not be limited or restricted by
reference to or inference from the terms of any of the other Warranties.

10.6
Each Purchaser agrees and undertakes that (in the absence of fraud or Wilful
Misconduct) it has no rights against and shall not make any claim against any
Representative of any member of the Retained Group or any Group Company on whom
it may have relied before agreeing to any term of any of the Transaction
Documents.

--------------------------------------------------------------------------------

11.
Seller’s limitations on liability

The liability of the Seller in respect of Claims shall be limited as provided in
Schedule 3 (Seller’s Limitations on Liability).

--------------------------------------------------------------------------------

12.
Purchasers' warranties and undertakings

12.1
Each Purchaser warrants to the Seller on the Execution Date and on the
Completion Date (in respect of itself only) that:

(a)
it has the requisite power and authority, and has received all necessary
approvals, to enter into and perform its obligations under this Agreement and
the other Transaction Documents to which it is party;

(b)
its obligations under this Agreement and the other Transaction Documents will
when delivered constitute binding obligations of it in accordance with their
respective terms except as enforceability may be limited by bankruptcy,
insolvency, reorganisation, moratorium or other laws affecting creditors' rights
generally and general principles of equity (whether considered in a proceeding
at law or in equity);

(c)
the execution and delivery of, and the performance by it of its obligations
under, this Agreement and the other Transaction Documents will not: (i) result
in a material breach of any provision of the constitutional documents of it;
(ii) result in a material breach of, or constitute a default under, any
instrument to which it is a party or by which it is bound; (iii) so far as it is
aware, result in a material breach of any order, judgment or decree of any court
or governmental agency to which it is a party or by which it is bound; or (iv)
require the consent of its shareholders;

(d)
it is not nor will it be required to give any notice to or make any filing with
or obtain any permit, consent, waiver or other authorisation from any
Governmental or Regulatory Authority in connection with the execution, delivery
and performance of the Transaction Documents;

(e)
no order has been made, petition presented or resolution passed for the winding
up of it. No administrator nor any receiver or manager has been appointed by any
person in respect of it or all or any of its assets and, so far as it is aware,
no steps have been taken to initiate any such appointment and no voluntary
arrangement has been proposed. It has not become subject to any analogous
proceedings, appointments or arrangements under the laws of any applicable
jurisdiction;

(f)
all information, including, without limitation, any financial information,
supplied by any member of its Group or any of their respective Representatives
in connection with the transactions contemplated in the Transaction Documents
was when given and remains true and accurate in all respects and not misleading;

(g)
it has and will have at Completion immediately available on an unconditional
basis (subject only to Completion) the cash resources required to meet in full
its obligations under the Transaction Documents;

(h)
none of it, any member of its Group nor any of their respective Representatives
acting or benefiting in any capacity in connection with the transactions
contemplated by this Agreement and other Transaction Documents is or will be at
the Completion Date: (i) in violation of any Sanctions Laws and Regulations;
(ii) a Designated Person or otherwise the target of Sanctions; (iii) involved in
any transactions directly or indirectly, relating to or with entities located in
countries subject to U.S. economic sanctions; or (iv) engaged in dealings in or
with any property or interest in property blocked pursuant to any Sanctions Laws
and Regulations; and

--------------------------------------------------------------------------------

(i)
none of the it, any member of the its Group, nor any of their respective
Representatives acting or benefiting in any capacity in connection with the
transactions contemplated by this Agreement and other Transaction Documents: (i)
will permit the Company to engage in any transactions with or relating to
countries or persons subject to Sanctions; and (ii) none of the proceeds used in
connection with the acquisition of the shares in the Company will be derived
from or in any way related directly or indirectly to business with countries or
persons subject to Sanctions.

12.2
Kosmos warrants to the Seller and Trident on the Execution Date and on the
Completion Date that it is a company duly incorporated and organised and validly
existing under the laws of the Cayman Islands.

12.3
Trident warrants to the Seller and Kosmos on the Execution Date and on the
Completion Date that it is a company duly incorporated and organised and validly
existing under the laws of the Cayman Islands.

12.4
Each Purchaser shall at its own cost procure that no later than six (6) months
following Completion:

(a)
no member of its Group shall use "Hess" or any other mark, logo, name, symbol or
design which, in the opinion of the Seller, is capable of being confused with
Hess; and

(b)
all references to any member of the Retained Group wherever and however any such
reference is made by its Group in connection with the Business are removed,

and each of the Purchaser undertakes to the Seller that in the event of any sale
of the whole or any part of the its Group or its businesses to any third party,
it shall procure that any successor in title shall enter into equivalent
undertakings in respect of the Retained Group.
12.5
If Completion does not take place, each Purchaser undertakes to the Seller that
it shall forthwith hand over, or procure the handing over of, all books,
records, documents and papers of or relating to the Retained Group which shall
have been made available to it and all copies or other records derived from such
materials and that it shall remove any information derived from such materials
or otherwise concerning the subject matter of this Agreement from any computer,
word processor or other device containing information.

13.
Environmental indemnity

13.1
Subject to Completion occurring, and other than as set out in Clause 13.2, the
Purchasers agree that no member of the Retained Group shall have any liability
to any member of the Trident Group, any member of the Kosmos Group, or to any
Group Company in respect of any Environmental Liabilities of whatsoever nature
and howsoever arising whether before, on or after the Economic Date.

13.2
Subject to Completion occurring, the Seller hereby indemnifies each Purchaser
against any and all Losses suffered or incurred by it and in respect of any
Claims arising out of, relating to or attributable to any breach of any of the
Environmental Warranties.

14.
Termination

14.1
This Agreement shall terminate and, subject to Clause 14.3, each Party’s rights
and obligations shall cease to have force and effect from such termination if at
any time prior to Completion a Purchaser gives written notice of termination to
the Seller following:

--------------------------------------------------------------------------------

(a)
a breach by the Seller of any of the Title Warranties, in which case this
Agreement shall terminate with immediate effect on the date set out in the
notice;

(b)
the occurrence and continuance of a MAC Event, in which case this Agreement
shall terminate with effect from the earlier of (i) the Business Day following
the day on which the Condition has been satisfied or waived in accordance with
this Agreement, unless the Purchasers notify the Seller that the MAC Event has
been cured to their reasonable satisfaction or no longer exists; and (ii) the
Long Stop Date; provided that if the MAC

Event occurs after the Condition has been satisfied or waived in accordance with
this Agreement then the termination shall occur with immediate effect.
14.2
Save for the Parties’ express right to terminate in this Clause 14 and Clauses
3.6 (Condition), 8.3(c) (Completion) and 16(f) (Mutual Warranties) , the Parties
shall not be entitled to rescind or terminate this Agreement, whether before or
after Completion. Nothing in this Clause 14 shall operate to limit or exclude
any liability for fraud.

14.3
If this Agreement is terminated by a Party in accordance with:

(a)
Clause 3.6 (Condition);

(b)
Clause 8.3(c) (Completion);

(c)
Clause 14.1 (Termination); or

(d)
Clause 16(f) (Mutual Warranties),

the rights and obligations of the Parties under this Agreement shall cease
immediately, save in respect of antecedent breaches (but excluding any right of
the Purchasers to claim damages for breach of Warranty or of the Seller’s
obligations under Clause 5 (Pre-Completion Obligations)) and under the
Continuing Provisions.

--------------------------------------------------------------------------------

15.
Non-solicitation of employees

Each Purchaser shall not and undertakes to procure that each member of the its
Group will not, either pending or within two (2) years after Completion, solicit
or entice away from the employment of any member of the Retained Group any
person employed by a member of the Retained Group at the date of this Agreement
except for any employee who answers a general public advertisement without
further solicitation.

16.
Mutual warranties

The Parties make the following warranties to each other as of the date of this
Agreement and the Completion Date:
(a)
Each Party warrants that, since January 1, 2012, and except as otherwise
Disclosed, it, its Affiliates, its Associated Persons, its directors, officers,
employees, agents, or consultants, or any other person acting for, or on behalf
of the Party or its Affiliates, and except as set forth in subsection (a)(iii)
below in connection with this Agreement and the Agreement’s subject matter (and
in the case of the Seller, in connection with the PSC Licence, the Seller’s and
Seller Guarantor’s activities in Equatorial Guinea including Block G, and the
activities of any Group Company), directly or indirectly:

(i)
have not violated or committed any act that would constitute a violation of, or
an offence under, any Anti-Bribery Laws or Sanctions Laws and Regulations,
irrespective of whether the Anti-Bribery Laws or Sanctions Laws and Regulations
apply;

(ii)
have not paid, offered, promised, or authorised the payment, directly or
indirectly, of any monies or anything of value to any person for the purpose of
improperly influencing any act or decision by that person, or by a Government
Official, to obtain, retain, or direct business or to secure an improper
advantage;

(iii)
have not, to the knowledge of the Party, been the subject of any actual, pending
or threatened, legal, administrative, arbitral or other proceeding, claim, suit,
inquiry, or action against, or government investigation in connection with any
Anti-Bribery Laws or Sanctions Laws and Regulations in or concerning any
jurisdiction, whether or not relating to operations or activities in Equatorial
Guinea, nor, so far as the Party is aware, are there any circumstances likely to
give rise to any such investigation, inquiry or proceeding in or concerning
activities or operations in Equatorial Guinea; or

(iv)
have no injunction, order, judgment, ruling, or decree against them by or before
any government in connection with any Anti-Bribery Laws or Sanctions Laws or
Regulations.

(b)
In connection with the Agreement, each Party warrants and undertakes that it,
its Affiliates, its directors, officers, employees, agents or consultants, and
any other person acting for, or on behalf of, such Party, directly or indirectly
shall not violate any Anti-Bribery Law or Sanctions Law or Regulation, or engage
any act, practice, or conduct that would constitute a violation of, or an
offence under, the Anti-Bribery Laws or Sanctions Laws and Regulations, as if
those laws applied to it.

(c)
Each Party shall defend, indemnify and hold the other Party and its Affiliates
harmless from and against any and all claims and Losses (including all Losses,
suffered or incurred in investigating, settling or disputing any such action
(actual or potential) and/or the reasonable costs of obtaining advice as to any
such action (actual or potential)) which the other Party or its Affiliates may
suffer or incur or which may be brought against it in any jurisdiction arising,
directly or indirectly, out of, in respect of, or in connection with any breach
of the warranties and undertakings under this Clause 16.

(d)
Notwithstanding anything in this Agreement to the contrary, no provision shall
be interpreted or applied so as to require any Party to do, or refrain from
doing, anything which would constitute a violation of any law or regulation
applicable to such Party.

(e)
For the term of this Agreement and for a period of five (5) years thereafter,
each Party shall reasonably cooperate in good faith with any reasonable request
of any other Party to be entitled to review relevant documentation, and further
each Party agrees to encourage its representatives, management and/or staff to
engage in interviews at the request of any other Party, in order to verify
compliance with the terms of this Clause

16 and the requirements of the Anti-Bribery Laws or Sanctions Laws and
Regulations. Each Party shall cooperate fully and in good faith in any such
audit or investigation conducted by another Party in relation to compliance with
this Clause 16 and the Anti-Bribery Laws and Sanctions Laws and Regulations.

--------------------------------------------------------------------------------

(f)
Notwithstanding anything in this Agreement to the contrary, each Party shall
have the right to suspend or terminate this Agreement and any payments hereunder
if the other Party has failed to materially comply with any of the terms of
Clause 16(a) and Clause 16(b).

17.
Withholding

17.1
Any payments made or due from a Party (the "Payer") under this Agreement shall
be effected by the Payer without any deduction or withholding of any Tax unless
required by law. In the event that the Payer is obliged to deduct or withhold
any such Tax under applicable law when effecting any such payment, the Payer
shall:

(a)
make the deduction or withholding and account to the relevant Tax Authority for
the amount deducted or withheld within the time allowed and in the minimum
amount required by law and promptly provide the Party receiving the relevant
payment (the "Payee") with evidence reasonably satisfactory to the Payee that it
has done so; and

(b)
(other than where the relevant payment is, or is in respect, of the
Consideration) increase the amount payable to the Payee to the extent necessary
to ensure that after making the required deduction or withholding the Payee
receives the payment in the amount it would have received had the Payer had no
obligation to make the required deduction or withholding.

17.2
The Payer covenants to pay to the Payee on demand an amount equal to any Losses
incurred or suffered by the Payee as a result of any failure by the Payer to
comply with its obligations under Clause 17.1(a).

18.
Access

18.1
The Purchasers shall make available to the Seller copies of any Books and
Records of the Group Companies (or, if practicable, the relevant parts of those
Books and Records) which are reasonably required by the Seller for the purpose
of dealing with its Tax or accounting affairs and/or in preparation of the Final
Statement of Accounts in accordance with Clause 6.1 (Statements of accounts)
and, accordingly, the Purchasers shall, upon being given reasonable notice by
the Seller and subject to the Seller giving such undertaking as to
confidentiality as the Purchasers shall reasonably require, procure that such
Books and Records are made available to the Seller and its Representatives for
inspection (during Working Hours) and copying (at the Seller’s expense) for and
only to the extent necessary for such purpose and for a period of five (5) years
from Completion.

18.2
The Seller shall make available to the Purchasers copies of any Books and
Records of members of the Retained Group (or, if practicable, the relevant parts
of those Books and Records) which are reasonably required by the Purchasers for
the purpose of dealing with its Tax or accounting affairs and, accordingly, the
Seller shall, upon being given reasonable notice by the Purchasers and subject
to the Purchasers giving such undertaking as to confidentiality as the Seller
shall reasonably require, procure that such Books and Records are made available
to the Purchasers and their Representatives for inspection (during Working
Hours) and copying (at the Purchasers' expense) for and only to the extent
necessary for such purpose and for a period of five (5) years from Completion.

18.3
In the event that any proceeding, enquiry or investigation of any judicial or
Governmental or Regulatory Authority is pending at the time of expiry of the
period of five (5) years from Completion, or if at such time the Seller or the
Purchasers (as applicable) is in the process of

--------------------------------------------------------------------------------

using any Books and Records in connection with satisfying applicable laws or
regulations, the Seller or the Purchasers (as applicable) shall be entitled to
continuing access to the Books and Records on the same terms as provided in
Clauses 18.1 and 18.2 for a further period until completion of the relevant
enquiry, investigation or other event.

19.
Effect of completion

Any provision of the Transaction Documents which is capable of being performed
after, but which has not been performed at or before Completion, shall remain in
full force and effect notwithstanding Completion.

20.
Assurance

20.1
Each Purchaser, for itself and its successors and assigns, covenants that, at
any time and from time to time on or after Completion, it and they will execute
and deliver all such instruments of assumption and acknowledgements or take such
other action as the Seller may reasonably request in order to give full effect
to this Agreement and the Transaction Documents.

20.2
The Seller, for itself and its successors and assigns, covenants that, at any
time and from time to time on or after Completion, it and they will execute and
deliver all such instruments of assumption and acknowledgements or take such
other action as the Purchasers may reasonably request in order to give full
effect to this Agreement and the Transaction Documents.

21.
Insurance

The Purchasers undertake that with effect from the Completion Date it will
arrange insurance cover in respect of the Group Companies and acknowledges that
with effect from the Completion Date any pre-existing insurance cover maintained
by the Retained Group shall no longer apply to the Group Companies.

--------------------------------------------------------------------------------

22.
Assignment

22.1
Subject to Clause 22.2, a Purchaser may not assign, transfer, charge, declare a
trust of or otherwise dispose of all or any part of its rights and benefits
under this Agreement or any other Transaction Documents (including any cause of
action arising in connection with any of them) or of any right or interest in
any of them without the prior written consent of the Seller and the other
Purchaser.

22.2
A Purchaser may assign all or any of its rights under any Transaction Document
by way of security or charge (or both of the foregoing) for the benefit of:

(a)
any bank(s), and/or financial institution(s), and/or holder(s) of debt
securities or any other person lending money or making other banking or credit
facilities available to such Purchaser and/or its Affiliates (including in
connection with any refinancing or replacement of such facilities) in connection
with the transaction contemplated by this Agreement; and/or

(b)
any person from time to time appointed by any bank(s), and/or financial
institution(s), and/or holder(s) of debt securities or any other person referred
to in Clause 22.2(a) to act on its/their behalf as facility or security agent,
security trustee, arranger of finance, receiver or person fulfilling a similar
or related role in connection with the transaction contemplated by this
Agreement,

and any such beneficiary of security may assign all or any of those rights for
the purpose of enforcing such security assignment or charge.

--------------------------------------------------------------------------------

23.
Entire agreement

23.1
This Agreement, together with the Transaction Documents and any other documents
referred to in this Agreement or any Transaction Document, constitutes the whole
agreement between the Parties and supersedes any previous arrangements or
agreements between them relating to the sale and purchase of the Shares.

23.2
A Party’s only right or remedy in respect of any provision of this Agreement or
any other Transaction Document shall be for breach of this Agreement or that
Transaction Document.

23.3
Save in relation to breach of this Agreement or any other Transaction Document,
no Party nor any of its Related Persons shall have any right or remedy, or make
any claim, against another Party nor any of its Related Persons in connection
with the sale and purchase of the Shares.

23.4
In this Clause 23, “Related Persons” means, in relation to a Party, members of
the Retained Group (in respect of the Seller), the Kosmos Group (in respect of
Kosmos) or the Trident Group (in respect of Trident) (as applicable) and the
Representatives of that Party and of members of the Retained Group (in respect
of the Seller), the Kosmos Group (in respect of Kosmos) or the Trident Group (in
respect of Trident) (as applicable).

23.5
Nothing in this Clause 23 shall operate to limit or exclude any liability for
fraud.

24.
Notices

24.1
Any notice or other communication to be given under or in connection with this
Agreement shall be in the English language in writing and signed by or on behalf
of the Party giving it. A notice may be delivered personally or sent by fax,
pre-paid recorded delivery or international courier to the address or fax number
provided in Clause 24.3, and marked for the attention of the person specified in
that Clause.

24.2
A notice shall be deemed to have been received:

(a)
at the time of delivery if delivered personally;

(b)
at the time of transmission if sent by fax;

(c)
two (2) Business Days after the time and date of posting if sent by pre-paid
recorded delivery; or

(d)
three (3) Business Days after the time and date of posting if sent by
international courier,

provided that if deemed receipt of any notice occurs after 5.30 p.m. or is not
on a Business Day, deemed receipt of the notice shall be 9.30 a.m. on the next
Business Day. References to time in this Clause 24 are to local time in the
country of the addressee.
24.3
Notices under this Agreement shall be sent to a Party at its address or number
and for the attention of the individual set out below:

Seller
Name:    Hess Equatorial Guinea Investments Limited
Address:
care of Hess Corporation, 1501 McKinney, Houston, Texas 77010, USA

Attn:    General Counsel
Facsimile no.:    +1 713 496-8052

--------------------------------------------------------------------------------

with a copy to:
care of Hess Corporation, 1185 Avenue of the Americas, New York, NY 10036, USA

Attn:    Timothy Goodell, General Counsel
Facsimile no.:    +1 212 536-8241

Seller Guarantor

Name:    Hess Corporation
Address:
1185 Avenue of the Americas, New York, New York 10036, USA

Attn:    Timothy Goodell, General Counsel
Facsimile no.:    +1 212 536-8241

Purchasers Kosmos
Name:    Kosmos Energy Equatorial Guinea
Address:    c/o Wilmington Trust (Cayman Islands)
Fourth Floor, Century Yard, Cricket Square, Elgin Avenue,
P.O. Box 32322, George Town, KY1-1209, Grand Cayman, Cayman Islands
Attn:    General Counsel
Facsimile no.:    +1 214 445-9705 With a copy to:
Name:    Kosmos Energy LLC

Address:
8176 Park Lane, Suite 500 Dallas, Texas 75231 U.S.A.

Attn:    General Counsel
Facsimile no.:    +1 214 445-9705

Trident
Name:    Trident Energy E.G. Operations, Ltd.
Address:
c/o Walkers Corporate Limited, Cayman Corporate Centre, 27 Hospital Road, George
Town, Grand Cayman KY1-9008, Cayman Islands

Attn:    General Counsel

With a copy to :    c/o Trident Energy Management Limited
Address:    129 Wilton Road, London SW1V 1JZ, United Kingdom
Attn:    General Counsel

--------------------------------------------------------------------------------

Kosmos Guarantor:
Name:    Kosmos Energy Operating
Address:
c/o Kosmos Energy LLC 8176 Park Lane, Suite 500 Dallas, Texas 75231 U.S.A.

Attn:    General Counsel
Facsimile no.:    +1-214-445-9705

24.4
A Party shall notify the other Parties of any change to its details in Clause
24.3 in accordance with the provisions of this Clause 24, provided that such
notification shall only be effective on the later of the date specified in the
notification and five (5) Business Days after deemed receipt.

25.
Announcements

No Party nor its Affiliates shall make any public announcements or other
statements regarding the execution of this Agreement, the Transaction Documents,
Completion or any other matter involving this Agreement or any of the
transactions or documents contemplated under this Agreement without the prior
written consent of the other Parties, such consent not to be unreasonably
withheld, conditioned or delayed, except that a Party may make a public
announcement that is required by law or to comply with any directives or other
requirements of any law of any relevant jurisdiction or any securities exchange,
Governmental or Regulatory Authority provided that, to the extent permissible,
such Party gives the other Parties notice and a copy of the announcement at
least forty-eight (48) hours prior to such announcement being made. Without
limiting the scope of the foregoing provision and for the avoidance of doubt,
the Purchasers are not authorised to include the ‘Hess’ logo in any form in any
public announcement or statement, the Seller and Kosmos are not authorised to
include the ‘Trident’ logo in any form in any public announcement or statement
and the Seller and Trident are not authorised to include the ‘Kosmos’ logo in
any form in any public announcement or statement.

26.
Guarantees

26.1
In consideration of the Seller entering into this Agreement, the Kosmos
Guarantor irrevocably and unconditionally guarantees to the Seller punctual
performance by Kosmos of its obligations to pay all monies owed by Kosmos to the
Seller in connection with the purchase of the Shares on the terms and subject to
the conditions of this Agreement (the “Guaranteed Obligations”), and undertakes
to the Seller that whenever Kosmos does not fulfil a Guaranteed Obligation, the
Kosmos Guarantor shall immediately on demand pay that amount as if it was the
principal obligor so that the same benefits are conferred on the Seller as it
would have received if such obligation had been performed and satisfied by
Kosmos (the “Kosmos Guarantee”).

26.2
The Kosmos Guarantor, as principal obligor and as a separate and independent
obligation and liability from its obligations and liabilities under the Kosmos
Guarantee, undertakes to indemnify and hold the Seller harmless from and against
any Loss suffered or incurred by it arising directly or indirectly out of, as a
result of or in connection with the non-performance by Kosmos of any of the
Guaranteed Obligations.

26.3
The Kosmos Guarantee is a continuing guarantee and will extend to the ultimate
balance of sums payable by Kosmos under the Guaranteed Obligations, regardless
of any intermediate payment or discharge in whole or in part.

26.4
In consideration of each of the Purchasers entering into this Agreement, the
Seller Guarantor irrevocably and unconditionally guarantees to each of the
Purchasers punctual performance by the Seller of all of the Seller’s obligations
under this Agreement and undertakes to each Purchaser that:

(a)
whenever the Seller does not pay any amount when due under or in connection with
this Agreement and any other Transaction Document, the Seller Guarantor shall
immediately on demand pay that amount to the Purchasers as if it was the
principal obligor; and

(b)
whenever the Seller fails to perform any other obligations under this Agreement
or any other Transaction Document, the Seller Guarantor shall immediately on
demand perform (or procure performance of) and satisfy (or procure the
satisfaction of) that obligation,

so that the same benefits are conferred on each of the Purchasers as it would
have received if such obligation had been performed and satisfied by the Seller
(the “Seller Guarantee”).
26.5
The Seller Guarantor, as principal obligor and as a separate and independent
obligation and liability from its obligations and liabilities in Clause 26.4,
undertakes to indemnify and hold each Purchaser harmless from and against any
Loss suffered or incurred by it arising directly or indirectly out of, as a
result of or in connection with the non-performance by the Seller of any of its
obligations in accordance with the Seller Guarantee.

26.6
The Seller Guarantee is a continuing guarantee and will extend to any sums
payable by the Seller to the Purchasers under this Agreement, regardless of any
intermediate payment or discharge in whole or in part.

26.7
The obligations of the Kosmos Guarantor and/or the Seller Guarantor, as the case
may be, will not be affected by any act, omission, matter or thing which, but
for this Clause 26.7 would reduce, release or prejudice any of its obligations
under this Agreement or any other Transaction Document including:

(a)
any time, waiver or consent granted to the Purchasers, Seller (as the case may
be) or any other person;

(b)
the taking, variation, compromise, exchange, renewal or release of, or refusal
or neglect to perfect, take up or enforce, any rights against any guaranteed
Party under this Agreement or any other Transaction Document;

(c)
the insolvency (or similar proceedings) of the Seller or Kosmos (as applicable),
any incapacity or lack of power, authority or legal personality of the Seller or
Kosmos (as applicable) or change in control, ownership or status of the Seller
or Kosmos (as applicable);

(d)
any amendment to this Agreement or any other Transaction Document;

(e)
any illegality, invalidity or unenforceability of any obligation of any person
under this Agreement or any other Transaction Document; or

(f)
any other act, event or omission which might operate to discharge, impair or
otherwise affect any of the obligations of the Kosmos Guarantor or Seller
Guarantor

--------------------------------------------------------------------------------

(as applicable) or any of the rights, powers and remedies conferred on the
Purchaser, in each case under this Agreement or any other Transaction Document.
26.8
The Kosmos Guarantor waives any right which it may have to first require the
Seller to proceed against Kosmos before claiming from the Kosmos Guarantor. The
Seller Guarantor also waives any right which it may have to first require the
Purchasers to proceed against the Seller before claiming from the Seller
Guarantor, in each case under this Clause 26.

26.9
Until all amounts which may be or become payable:

(a)
by Kosmos to the Seller under the Guaranteed Obligations have been irrevocably
paid in full:

(i)
the Kosmos Guarantor will not make demand for the payment of any sum from Kosmos
connected with or in relation to the sum demanded by the Seller or claim any
set-off or counterclaim against Kosmos;

(ii)
if Kosmos is insolvent or in liquidation, the Kosmos Guarantor will not prove in
any such insolvency or liquidation in competition with the Seller;

(iii)
the Seller shall not be obliged to apply any sums held or received by it from
the Kosmos Guarantor towards payment of Kosmos’s obligations; and

(iv)
the Kosmos Guarantor will not exercise any rights which it may have to be
indemnified by the Seller or otherwise claim from the Seller any sums which may
be owing to it from the Seller.

(b)
by the Seller to the Purchasers under or in connection with this Agreement and
any other Transaction Document have been irrevocably paid in full:

(i)
the Seller Guarantor will not make demand for the payment of any sum from the
Seller connected with or in relation to the sum demanded by the Purchasers or
claim any set-off or counterclaim against the Seller;

(ii)
if the Seller is insolvent or in liquidation, the Seller Guarantor will not
prove in any such insolvency or liquidation in competition with the Purchasers;

(iii)
the Purchasers shall not be obliged to apply any sums held or received by them
from the Seller Guarantor towards payment of the Seller’s obligations; and

(iv)
the Seller Guarantor will not exercise any rights which they may have to be
indemnified by the Purchasers or otherwise claim from the Purchaser any sums
which may be owing to it from either Purchaser.

26.10
The Kosmos Guarantor undertakes to hold any security taken from Kosmos in
connection with the Kosmos Guarantee and any monies or rights received by the
Kosmos Guarantor from Kosmos as trustee on trust for the Seller pending
discharge in full of all of the Kosmos Guarantor’s obligations under the Kosmos
Guarantee.

26.11
The Seller Guarantor undertakes to hold any security taken from the Seller in
connection with the Seller Guarantee and any monies or rights received by the
Seller Guarantor from the Seller as trustee on trust for the Purchasers pending
discharge in full of all of the Seller Guarantor’s obligations under the Seller
Guarantee.

26.12
The Seller Guarantor agrees that:

--------------------------------------------------------------------------------

(a)
if any payment received by the Purchasers from the Seller in relation to its
obligations under this Agreement is avoided or set aside on the subsequent
insolvency or liquidation of the Seller any amount received by the Purchasers
and subsequently repaid, shall not discharge or diminish the liability of the
Seller Guarantor under this Clause 26, and this Clause 26 shall apply as if such
payment had at all times remained owing by the Seller; and

(b)
after a demand has been made by the Purchasers under this Clause 26 and until
the amount demanded has been paid in full, the Purchasers may take such action
as it thinks fit against the Seller to recover all sums due and payable to it
under this Agreement, without affecting the obligations of the Seller Guarantor
under this Clause 26.

26.13
The Kosmos Guarantor agrees that:

(a)
if any payment received by the Seller from Kosmos in relation to its obligations
under this Agreement is avoided or set aside on the subsequent insolvency or
liquidation of Kosmos any amount received by the Seller and subsequently repaid,
shall not discharge or diminish the liability of the Kosmos Guarantor under this
Clause 26, and this Clause 26 shall apply as if such payment had at all times
remained owing by Kosmos; and

(b)
after a demand has been made by the Seller under this Clause 26 and until the
amount demanded has been paid in full, the Seller may take such action as it
thinks fit against Kosmos to recover all sums due and payable to it under this
Agreement, without affecting the obligations of the Kosmos Guarantor under this
Clause 26.

26.14
The Kosmos Guarantor warrants to the Seller as of the Execution Date and as of
the Completion Date in the terms of Clause 10.2(a) to 10.2(d) (inclusive) (with
all references to “the Seller” and/or the “Group Companies” deemed to be
references to the “Kosmos Guarantor”).

26.15
The Seller Guarantor warrants to the Purchasers as of the Execution Date and as
of the Completion Date in the terms of Clause 10.2(a) to 10.2(d) (inclusive)
(with all references to “the Seller” and/or the “Group Companies” deemed to be
references to the “Seller Guarantor”).

--------------------------------------------------------------------------------

27.
Confidentiality

27.1
Save as expressly provided in Clause 27.3, the Seller shall and shall procure
that each member of the Retained Group shall treat as confidential the
provisions of the Transaction Documents, all information they possess relating
to each Group Company and all information they have received or obtained
relating to the Purchasers' Group as a result of negotiating or entering into
the Transaction Documents.

27.2
Save as expressly provided in Clause 27.3, each Purchaser shall, and shall
procure that each member of its Group shall, treat as confidential the
provisions of the Transaction Documents and all information it has received or
obtained about the Retained Group as a result of negotiating or entering into
the Transaction Documents.

27.3
A Party may disclose, or permit the disclosure of, information which would
otherwise be confidential if and to the extent that it:

(a)
is disclosed to Representatives of that Party or its Affiliates, if this is
reasonably required in connection with this Agreement (and provided that such
persons are required to treat that information as confidential);

(b)
is required to do so by law or any securities exchange, or by compulsory process
issued by any Governmental or Regulatory Authority or Taxation Authority;

(c)
was already in the lawful possession of that Party or its Representatives
without any obligation of confidentiality (as evidenced by written records);

(d)
comes into the public domain other than as a result of a breach by a Party of
this Clause 27;

(e)
lawfully comes into the possession of that Party, its Affiliates or their
Representatives from a third party that expressly represents that it has the
right to disseminate such information at the time it is acquired by such Party;
or

(f)
receives prior written consent to the disclosure from the other Party,

provided that prior written notice of any confidential information to be
disclosed pursuant to this Clause 27 shall be given to the other Parties at
least five business days in advance of the disclosure and their reasonable
comments taken into account in good faith.
27.4
The confidentiality restrictions in Clauses 27.1 to 27.3 shall continue to apply
after the termination of this Agreement without limit in time.

27.5
The Parties acknowledge and agree that, to the extent applicable, the Purchasers
shall also be bound by the provisions of the Confidentiality Agreement in
respect of any “Confidential Information” (as that term is used and defined in
the Confidentiality Agreement) that relates to any member of the Retained Group
(other than the Seller), which shall remain in force and full effect in
accordance with its terms. If there is any inconsistency between this Agreement
and the Confidentiality Agreement, this Agreement shall prevail.

--------------------------------------------------------------------------------

28.
Costs and expenses

28.1
Each Party shall pay its own costs and expenses in relation to the negotiations
leading up to the sale and purchase of the Shares and the preparation, execution
and carrying into effect of this Agreement and the other Transaction Documents.
Each Party shall bear and pay the costs and expenses of any advisers,
consultants, investment bankers or other parties hired by it in connection with
the transaction contemplated in this Agreement and the other Transaction
Documents.

28.2
Each Purchaser shall bear fifty percent (50%) of all stamp duty, stamp duty
reserve Tax or other documentary or transaction duties imposed by any Tax
Authority of the Cayman Islands, arising as a result or in consequence of this
Agreement (or any other Transaction Document) or of its implementation
(including, but not limited to, any Registrar’s fees related to the transfer of
Shares envisaged in this Agreement).

29.
Counterparts

This Agreement may be executed in counterparts and shall be effective when each
Party has executed and delivered a counterpart. Each counterpart shall
constitute an original of this Agreement, but all the counterparts shall
together constitute one and the same instrument.

30.
Severance and validity

If any provision of this Agreement is or becomes illegal, invalid or
unenforceable in any respect under the law of any jurisdiction (a) a suitable
and equitable provision shall be substituted therefor in order to carry out, so
far as may be valid and enforceable, the intent

and purpose of such invalid or unenforceable provision and (b) the remainder of
this Agreement and the application of such provision to other persons or
circumstances shall not be affected by such invalidity or unenforceability, nor
shall such invalidity or unenforceability affect the validity or enforceability
of such provision, or the application thereof, in any other jurisdiction.

31.
Variations

No variation of this Agreement shall be effective unless in writing and signed
by or on behalf of the Parties.

32.
Remedies and waivers

32.1
No waiver of any right under this Agreement or any other Transaction Document
shall be effective unless in writing. Unless expressly stated otherwise a waiver
shall be effective only in the circumstances for which it is given.

32.2
No delay or omission by any Party in exercising any right or remedy provided by
law or under this Agreement, except in relation to any right or remedy contained
in Clause 11 (Seller’s Limitations on Liability), shall constitute a waiver of
such right or remedy.

32.3
The single or partial exercise of a right or remedy under this Agreement shall
not preclude any other nor restrict any further exercise of any such right or
remedy.

32.4
The rights and remedies provided in this Agreement are cumulative and do not
exclude any rights or remedies provided by law except as otherwise expressly
provided.

32.5
No Double Recovery

A Party shall not be entitled to recover damages or obtain payment,
reimbursement, restitution or indemnity more than once in respect of any one
shortfall, damage, deficiency, breach or other set of circumstances which gives
rise to one or more claim under this Agreement. For the purposes of this Clause
32.5, recovery by any Group Companies following Completion shall be deemed to be
recovery by the Purchasers.
32.6
Exclusion of Limitations

Nothing in this Agreement shall apply to limit a claim under this Agreement that
arises or is delayed as a result of fraud or Wilful Misconduct by a Party, any
other member of a Group, the Retained Group or any Group Company or any of their
respective officers or employees.
32.7
Consequential Loss

Notwithstanding anything to the contrary contained in this Agreement, in no
event shall a Party be liable to another Party for any claims for liabilities
for any actual or expected:
(a)
indirect or consequential loss of profits;

(b)
loss of revenue, loss of goodwill, loss of opportunity, or loss of business, in
each case that are indirect or consequential; or

--------------------------------------------------------------------------------

(c)
any other special, indirect or consequential loss.

--------------------------------------------------------------------------------

33.
Third party rights

33.1
Save as expressly provided in Clause 33.2, a person who is not a Party or its
successor or permitted assignee shall have no right under the Contracts (Rights
of Third Parties) Act 1999 to enforce any of the terms of this Agreement.

33.2
Clauses 9 (Post-completion covenants), 10 (Seller’s warranties), 12 (Purchasers'
warranties and undertakings), 13 (Environmental indemnity), 18.2 (Access), 20
(Assurance), 25 (Announcements) and 27 (Confidentiality) are intended to benefit
members of the Retained Group and Clause 23 (Entire agreement) is intended to
benefit a Party’s Related Persons, and each such Clause shall be enforceable by
any of them under the Contracts (Rights of Third Parties) Act 1999, subject to
the other terms and conditions of this Agreement.

33.3
The Parties may amend or vary this Agreement in accordance with its terms
without the consent of any other person.

34.
Governing law and jurisdiction

34.1
This Agreement, including any non-contractual obligations arising out of or in
connection with this Agreement and any and all other agreements and instruments
executed and other documents delivered pursuant hereto, are governed by and
shall be construed in accordance with English law.

34.2
The Parties agree that any claim, dispute or difference of whatever nature
arising under, out of or in connection with this Agreement (including a claim,
dispute or difference regarding its existence, termination or validity or any
non-contractual obligations arising out of or in connection with this Agreement
) (a “Dispute”), shall be referred to and finally settled by arbitration in
accordance with the London Court of International Arbitration (“LCIA”) Rules
(the “Rules”) as in force at the date of this Agreement and as modified by this
Clause, which Rules shall be deemed incorporated into this Clause. The number of
arbitrators shall be three, one of whom shall be nominated by the claimant(s),
one by the respondent(s) and the third of whom, who shall act as presiding
arbitrator shall be nominated by the two party-nominated arbitrators, provided
that if the third arbitrator has not been nominated within thirty days of the
nomination of the second party-nominated arbitrator, such third arbitrator shall
be appointed by the LCIA Court. The seat of arbitration shall be London, England
and the language of arbitration shall be English. Sections 45 and 69 of the
Arbitration Act 1996 shall not apply. The Emergency Arbitrator provisions in
Article 9B of the Rules shall not apply. Notwithstanding any inconsistencies
with the Rules, a Request for Arbitration must be served on all other Parties to
the dispute in accordance with Clause 24 (Notices) of this Agreement.

34.3
In order to facilitate the comprehensive resolution of related disputes, all
claims between any of the Parties that arise out of or in connection with this
Agreement any other Transfer Document or other instrument executed pursuant to
this Agreement, or any of the Assets Documents may be brought in a single
arbitration. Upon the request of any Party to an arbitration commenced pursuant
to Clause 34.2 (an “Arbitration”), the arbitral tribunal shall consolidate the
Arbitration with any other arbitration proceeding relating to this Agreement,
any other Transfer Document or other instrument executed pursuant to this
Agreement, or to any of the Assets Documents, and in respect of which the
arbitral tribunal was constituted after the constitution of the arbitral
tribunal in the Arbitration, if either:

(a)
all parties concerned agree; or

(b)
the arbitral tribunal determines that (i) there are issues of fact or law common
to the two proceedings so that a consolidated proceeding would be more efficient
than

separate proceedings; and (ii) no party would be prejudiced as a result of such
consolidation through undue delay or otherwise.
In the event of an order for consolidation, (i) where the parties in the two
proceedings are identical, the tribunal constituted first in time shall serve as
the arbitral tribunal for the consolidated arbitration and (ii) where the
parties in the two proceedings are not identical, a new arbitral tribunal for
the consolidated arbitration shall be constituted in accordance with the
provisions of Clause 34.2. Where a new tribunal is so constituted, for the
avoidance of doubt, any rulings, directions or orders made by the arbitral
tribunal constituted first in time, with the exception of outstanding orders for
costs, will be of no effect. For the purpose of the constitution of the arbitral
tribunal under this provision, and without prejudice to any party’s rights under
applicable limitation periods, the consolidated arbitration will be considered
to have been commenced on the date of receipt by all the parties of the order
for consolidation.
34.4
The Parties agree that before the constitution of the arbitral tribunal, any
party to an Arbitration may effect joinder by serving notice on any party to
this Agreement, the Transfer Documents or any instrument executed pursuant to
this Agreement, or any one of the Assets Documents whom it seeks to join,
provided that such notice is also sent to all other parties to the Arbitration
and the LCIA Court within 30 days of service of the Request for Arbitration. The
joined party will become a claimant or respondent party (as appropriate) in the
Arbitration and participate in the arbitrator appointment process in Clause
34.2.

34.5
The Parties agree that irreparable damage would occur if any provision of this
Agreement were not performed in accordance with the terms hereof and that the
Parties shall be entitled to seek an injunction or injunctions to prevent
breaches of this Agreement.

34.6
The Parties irrevocably submit to the non-exclusive jurisdiction of the courts
of England to support any arbitration pursuant to this Clause 34 including, if
necessary, the grant of interlocutory relief.

35.
Agent for service of process

35.1
The Seller and Seller Guarantor irrevocably appoint Maclay Murray & Spens LLP,
Trident irrevocably appoints Trident Energy Management Limited (a company
incorporated in England and Wales, with company number 10280693 and having its
registered office at Suite 1, 3rd Floor 11-12 St. James's Square, London, United
Kingdom, SW1Y 4LB), and Kosmos and the Kosmos Guarantor irrevocably appoints
Capita Asset Services of 4th Floor, 40 Dukes Place, London EC3A 7NH, United
Kingdom, in each case as its agent for service of process in England.

--------------------------------------------------------------------------------

35.2
If any person appointed as agent for service of process ceases to act as such
the relevant Party shall immediately appoint another person to accept service of
process on its behalf in England and notify the other Parties of such
appointment. If it fails to do so within ten (10) Business Days the other
Parties shall be entitled by notice to the relevant Party to appoint a
replacement agent for service of process.

36.
Purchaser Obligations are several

The liability and obligation of each Purchaser under this Agreement is several,
not joint, and neither Purchaser shall have any liability or obligation arising
out of a breach by another Purchaser of its obligations, representations,
warranties or covenants in this Agreement.
In Witness Whereof each Party has executed this Agreement, or caused this
Agreement to be executed by its duly authorised representatives.

--------------------------------------------------------------------------------

Schedule 1

(Details of the Group Companies)

Part 1
(Details of the Company)

Company name    :    Hess International Petroleum, Inc.

Date of incorporation and place of incorporation

:    8 September 1994, Cayman Islands

Registration number    :    55991
Registered office address    :    Sterling Trust (Cayman) Limited, Whitehall
House,
238 North Church Street, PO Box 1043, George Town, Grand Cayman, KY1-1102,
Cayman Islands
Type of company    :    Exempted company with limited liability Authorised share
capital    :    USD 50,000 consisting of 50,000 ordinary shares
with a nominal value of USD 1 each

Shareholding of the Seller    :    100%

Shareholder – number of issued shares

:
Seller - 35,001 ordinary shares with a nominal value of USD 1 each (subject to
Clause 5.6)

Directors
:    Gregory P Hill, John P Rielly, John B Hess and Timothy B Goodell (4)

--------------------------------------------------------------------------------

Part 2
(Details of the Subsidiary)

Company name    :    Hess Equatorial Guinea, Inc.

Date    of    incorporation and    place    of incorporation

:    30 September 1996, Cayman Islands

Registration number    :    68666
Registered office address
: Sterling Trust (Cayman) Limited, Whitehall House, 238 North Church Street, PO
Box 1043, George Town, Grand Cayman, KY1- 1102, Cayman Islands

Type of company    :    Exempted company with limited liability
Authorised share capital
: USD 5,000,000.00 divided into 500,000 ordinary shares with a nominal value of
USD 10 each

Shareholding of the Company    :    100%
Shareholder – number of issued shares    :    Company - 100,001 ordinary shares
with a
nominal value of USD 10 each
Directors
: Gregory P Hill, John P Rielly, John B Hess and Timothy B Goodell (4)

--------------------------------------------------------------------------------

Schedule 2

(Completion Arrangements)

Part 1
(Seller’s Obligations)

At Completion, the Seller shall:
1.
execute and deliver to the Purchasers counterparts of the Transaction Documents
to be executed by the Seller at Completion and procure the execution and
delivery of those Transaction Documents (if any) to which a member of the
Retained Group or a related person or the Company is a party; and

2.
deliver to the Purchasers:

Accounts
2.1
a copy of the Initial Statement of Accounts;

Authorisations
2.2
a certified copy of each power of attorney under which any document to be
delivered to the Purchasers has been executed (if any);

2.3
a copy of the minutes of the meeting of the board of directors (and, where
required under applicable law or the relevant entity's constitutional documents,
of the members) of the Seller, the Seller Guarantor, the Company and the
Subsidiary (or its equivalent) duly authorising: (x) the execution of this
Agreement and other Transaction Documents to which each is a party; and (y) the
matters contemplated by this Agreement and the Transaction Document to which
each is party (including, without limitation, (i) the transfer of fifty percent
(50%) of the Shares from the Seller to Trident and fifty percent (50%) of the
Shares from the Seller to Kosmos; (ii) the issue of a share certificate in the
name of the Trident in respect of fifty percent (50%) of the Shares and a share
certificate in the name of the Kosmos in respect of fifty percent (50%) of the
Shares in each case relating to individually numbered shares; (iii) the changes
in the Company's and the Subsidiary's directors (and for this purpose the
Purchasers shall notify the Seller of the incoming directors no later than ten
Business Days prior to Completion); and (iv) the change in the Company's and the
Subsidiary's registered office);

Director and Officer Documents
2.4
letters of resignation signed by all the directors of the Company and of the
Subsidiary, substantially in the form of Schedule 4 (Form of Resignation Letter)
(the “Outgoing Directors and Officers”);

2.5
a certified copy (certified by the registered office service provider of the
Company) of the register of directors and officers of the Company maintained by
(or on behalf of) the Company as updated to record the registration therein, as
at Completion, of (x) the resignation of the Outgoing Directors and Officers of
the Company and (y) the appointment of each Director and each Officer to the
Company nominated by the Purchasers;

2.6
a certified copy (certified by the registered office service provider of the
Subsidiary) of the register of directors and officers of the Subsidiary
maintained by (or on behalf of) the Subsidiary as updated to record the
registration therein, as at Completion, of (x) the

--------------------------------------------------------------------------------

resignation of the Outgoing Directors and Officers of the Subsidiary and (y) the
appointment of each Director and each Officer to the Subsidiary nominated by the
Purchasers;
Registered Office Documents
2.7
evidence that the registered office of the Company and the Subsidiary have been
changed from their existing location to such registered office(s) (located in
the Cayman Islands) as the Purchasers shall notify the Seller in writing no
later than ten Business Days prior to Completion;

Register of Mortgages and Charges
2.8
a certified copy (certified by the registered office service provider of the
Company or the Subsidiary, as applicable) of the register of mortgages and
charges of the Company and of the Subsidiary;

Share Documents
2.9
a copy of the share transfer instruments executed by the Seller for the purposes
of transferring fifty percent (50%) of the Shares to Kosmos' share account and
fifty percent (50%) of the Shares to Trident's share account;

2.10
each share certificate as previously issued in the name of the Seller in respect
of the Shares, each such share certificate being duly cancelled;

2.11
a share certificate in the name of the Trident in respect of fifty percent (50%)
of the Shares and a share certificate in the name of the Kosmos in respect of
fifty percent (50%) of the Shares;

2.12
a certified copy (certified by the registered office service provider of the
Company) of the register of members of the Company maintained by (or on behalf
of) the Company as updated to record the registration therein, as at Completion,
of the transfer of fifty percent (50%) of the Shares from the Seller to Trident
and fifty percent (50%) of the Shares from the Seller to Kosmos;

2.13
a share certificate in the name of the Company in respect of one hundred percent
of the Subsidiary Shares;

2.14
a certified copy (certified by the registered office service provider of the
Subsidiary) of the register of members of the Subsidiary maintained by (or on
behalf of) the Subsidiary recording the registration of the Company as the
holder of one hundred per cent (100%) of the Subsidiary Shares; and

Other
2.15
the assessment issued in respect of the Subsidiary in accordance with clause 3
of the Settlement Agreement.

The Seller shall, as soon as reasonably practicable following Completion but no
later than 5:00 p.m. (local time in the Cayman Islands) on the Completion Date,
deliver to the new registered office of the Company and the Subsidiary as
notified to the Seller in accordance with paragraph 2.7 above:
1.
originals of the registers referred to in paragraphs 2.5, 2.6, 2.8, 2.12 and
2.14 above;

2.
the certificate of incorporation of the Company and of the Subsidiary;

3.
each certificate of incorporation on change of name of the Company and of the
Subsidiary;

4.
the memorandum of association of the Company and of the Subsidiary;

5.
the articles of association of the Company and of the Subsidiary;

--------------------------------------------------------------------------------

6.
a certificate of good standing in respect of the Company and of the Subsidiary
to be dated within twenty (20) days of Completion or such other date as is
nominated by the Purchasers;

7.
the minutes of all meetings of, and all resolutions consented to by, the
directors, members, committees of directors and committees of members of the
Company and of the Subsidiary;

8.
the tax exemption certificate of the Company and of the Subsidiary; and

9.
all common seal(s) of the Company and of the Subsidiary.

Part 2
(Purchaser’s Obligations)

At Completion, each Purchaser shall:
1.
procure that fifty percent (50%) of the Initial Adjusted Consideration shall be
transferred to the Seller’s Designated Account by wire transfer in immediately
available cleared funds and shall deliver to the Seller SWIFT confirmations (in
a form satisfactory to the Seller) that the payment of the above stated amount
has been made pursuant to this Agreement;

2.
execute and deliver to the Seller or the Seller’s Lawyers the Transaction
Documents to be signed by it or any relevant member of its Group or a Related
Person;

3.
deliver to the Seller or the Seller’s Lawyers:

3.1
a copy of the minutes of the meeting of the board of directors of it and the
Kosmos Guarantor (or the equivalent of the board of directors) and any other
necessary corporate approvals authorising its execution of this Agreement and
other Transaction Documents to which each is a party;

3.2
a certified copy of each power of attorney under which any document to be
delivered to the Seller has been executed by it (if any); and

3.3
a copy of the share transfer instructions executed by it for the purpose of
transferring fifty percent (50%) of the Shares to its share account.

Schedule 3

(Seller’s Limitations on Liability)

1.
Purchasers' Knowledge (actual, constructive and imputed)

1.1
The Seller shall not be liable to a Purchaser in respect of a Claim (other than
a Claim for breach of a Title Warranty) to the extent that the facts and
circumstances giving rise to such Claim were:

(a)
Disclosed before the execution of this Agreement or, in respect of matters
arising between execution of this Agreement and Completion, Disclosed before
Completion; or

(b)
otherwise known at the date of this Agreement by it or any member of its Group.

1.2
If a Purchaser (or any member of its Group or any of their respective
Representatives) becomes aware of a matter which might reasonably give rise to a
Claim, the Seller shall not be liable to that Purchaser in respect of it unless
written notice of all relevant facts is given by that Purchaser to the Seller as
soon as practicable following their so becoming aware and in any event within

--------------------------------------------------------------------------------

thirty (30) days of such event. If the matter is capable of remedy, the
Purchasers shall only be entitled to compensation if the matter is not remedied
within thirty (30) days after the date on which such notice served on the
Seller.
2.
Limitations on Quantum

2.1
The liability of the Seller in respect of any Claim:

(a)
shall not arise unless and until the amount of such Claim exceeds five hundred
thousand Dollars (USD 500,000) (in which case the liability of the Seller shall
be for the full amount of the Claim);

(b)
shall not arise unless and until the amount of all Claims for which it would, in
the absence of this provision, be liable exceeds fifteen million Dollars (USD
15,000,000) less an amount equal to the aggregate of any and all Losses suffered
or incurred by the Company and/or the Subsidiary arising out of, relating to or
attributable to the MMH Inspection and the Seadrill Claim up to an aggregate
amount of two million, five hundred thousand Dollars (USD 2,500,000) (in which
case the liability of the Seller shall be for the full amount of the Claim); and

(c)
shall not (when aggregated with the amount of all other Claims) exceed
thirty-five per cent (35%) of the Initial Consideration, other than the
liability of the Seller in respect of any Title Warranty which shall not exceed
one hundred per cent (100%) of the Initial Consideration.

3.
Time Limits

3.1
The Seller shall not be liable in respect of any Claim (other than an
Environmental Indemnity Claim or in respect of a Tax Warranty or an ABC
Warranty) unless written notice containing full details of such Claim is given
by or on behalf of a Purchaser to the Seller by no later than eighteen (18)
months from the Completion Date provided that any such Claim shall (if not
previously satisfied, settled or withdrawn) be deemed to have been withdrawn and
the Seller shall have no liability for such Claim unless arbitration proceedings
in respect of it have been properly issued and validly served within six (6)
months of such written notice being given to the Seller.

3.2
The Seller shall not be liable in respect of any Environmental Indemnity Claim
unless written notice containing full details of such Environmental Indemnity
Claim is given by or on behalf of the Purchaser to the Seller by no later than
three (3) years from the Completion Date provided that any such Claim shall (if
not previously satisfied, settled or withdrawn) be deemed to have been withdrawn
and the Seller shall have no liability for such Claim unless arbitration
proceedings in respect of it have been properly commenced within six (6) months
of such written notice being given to the Seller.

3.3
The Seller shall not be liable for a Claim in respect of any Tax Warranty or ABC
Warranty unless written notice containing full details of such Claim is given by
or on behalf of the Purchaser to the Seller by no later than five (5) years from
the Completion Date provided that any such Claim shall (if not previously
satisfied, settled or withdrawn) be deemed to have been withdrawn and the Seller
shall have no liability for such Claim unless arbitration proceedings in respect
of it have been properly commenced within six (6) months of such written notice
being given to the Seller.

4.
Allowances, Provisions or Reserves

--------------------------------------------------------------------------------

The Seller shall not be liable for any Claim to the extent that allowance,
provision or reserve has been made in the Accounts for the matter giving rise to
such Claim (but only to the extent of such allowance, provision or reserve).
5.
Contingent Liability

The Seller shall not be liable for any Claim based upon a liability which is
contingent unless and until such contingent liability becomes an actual
liability.
6.
Retrospective Legislation

The Seller shall not be liable for any Claim to the extent that the Claim arises
(or is increased) as a result of any change in any legislation or any change in
the practice (including the withdrawal of any extra-statutory concession) of any
Tax Authority or in the judicial interpretation of the law on or after the date
of this Agreement.
7.
Voluntary Acts or Omissions

The Seller shall not be liable to a Purchaser for any Claim to the extent that
Claim arises or increases directly or indirectly as a result of any voluntary
act or omission of any member of that Purchaser’s Group (including, following
Completion, the Group Companies) after the date of this Agreement.
8.
Cease in Ownership

The Seller shall not be liable to a Purchaser for any Claim arising out of an
event, matter, circumstance, act or omission in respect of the Group Companies
which occurs after such Group Companies have ceased to be subsidiaries of that
Purchaser or of any other member of its Group.
9.
Reliefs

The Seller shall not be liable for any Claim to the extent that any Tax relief
or other deduction arising before Completion is available (or would be available
upon the making of a Claim by the relevant Group Company) to reduce or otherwise
mitigate the liability of the Group Company which is the subject of such Claim.

10.
Duty to Mitigate

The Purchasers shall mitigate any loss or damage which it may suffer as a result
of a breach by the Seller of this Agreement or as a result of any fact, matter,
event or circumstance likely to give rise to a Claim.
11.
Loss Otherwise Compensated

11.1
The Seller shall not be liable to a Purchaser for any Claim to the extent that:

(a)
the matter giving rise to such Claim has been (or is capable of being) made good
or is (or is capable of being) otherwise compensated for without loss to that
Purchaser; or

(b)
the Claim is recoverable under any insurance policy.

11.2
In assessing a Claim, corresponding savings by, or net benefits to, the
Purchaser’s Group shall be taken into account (including the amount by which
Taxation is actually saved as a result of the Loss which is the subject of the
Claim).

12.
Recovery from Third Parties

--------------------------------------------------------------------------------

Where a Purchaser is entitled to recover from any other person an amount in
respect of any matter relating to a Claim, that Purchaser shall promptly notify
the Seller in writing and use its reasonable endeavours to recover such amount.
The Purchaser shall keep the Seller fully informed of the progress of such
recovery and shall provide copies of all relevant correspondence and
documentation. Upon recovery of such amount the Purchaser shall:
12.1
deduct the full amount from the Claim (if the entitlement of the Purchaser to
recover arose before payment is made by the Seller under the Claim); or

12.2
repay to the Seller the lesser of such amount paid by the Seller to the
Purchaser under the Claim or the full amount recovered by that Purchaser (if the
entitlement to recover arose after payment had been made by the Seller under the
Claim).

13.
Conduct of Claims

If a Purchaser or any member of its Group becomes aware of any matter which may
result in a claim being brought against it by another person (a “Third Party
Claim”) which may lead to a Claim, that Purchaser shall and shall procure that
each member of its Group shall:
13.1
make no admission of liability or settle or compromise the Third Party Claim
without the prior consent in writing of the Seller such consent not to be
unreasonably withheld or delayed provided that it will take all reasonable
action to mitigate any loss that may arise in respect of any resulting Claim;

13.2
for the duration of the Third Party Claim keep the Seller reasonably informed of
all material developments in relation to the Third Party Claim within its
knowledge (including reasonable access to premises and personnel and the right
to examine and copy at the Seller’s costs and expense all relevant documents and
records);

13.3
subject to the Purchaser being indemnified by the Seller against all reasonable
costs which may be incurred by reason of such action, the Purchaser shall
consult with and follow the instructions of the Seller in relation to all
matters connected with the Third Party Claim and take all such action as the
Seller may reasonably request in relation to the Third Party Claim, including
commencing, conducting, defending, resisting, settling, compromising or
appealing against any proceedings; and

13.4
subject to paragraph 13.5, permit the Seller at its own cost and expense to have
sole conduct of the Third Party Claim and permit the Seller to take such action
as it decides is necessary at any time and in its sole discretion to avoid,
defend, dispute, mitigate, appeal, settle or compromise the Third Party Claim.

13.5
The Seller shall not be entitled to take sole conduct of a Third Party Claim in
accordance with paragraph 13.4 to the extent such Third Party Claim has been
brought against the Purchaser or Group Company by the EG Government or any
Governmental or Regulatory Authority of the Republic of Equatorial Guinea, save
that where such Third Party Claim has been brought by a Tax Authority or an
Environmental authority the Seller and the Purchasers shall:

(a)
ensure that the other Parties are kept fully informed of the progress of any
such Third Party Claim;

(b)
ensure that the other Parties receive copies of, or extracts from, all material
written correspondence to or from any relevant Tax Authority or Environmental
authority which has brought the relevant Third Party Claim; and

(c)
consult with each other (in good faith and from time to time) as to the
appropriate steps to be taken in relation to the conduct of any such Third Party
Claim including any decision

--------------------------------------------------------------------------------

to avoid, defend, dispute, mitigate, appeal, settle or compromise the Third
Party Claim (provided that in circumstances where there is any disagreement
between the Seller and the Purchasers (each acting reasonably) with regard to
any step proposed to be taken in relation to the conduct of such a Third Party
Claim, the Purchasers shall be entitled to take, or procure that there is taken,
such step as they consider to be appropriate).
14.
Purchaser's diligence

Each Purchaser acknowledges that it is an experienced, sophisticated buyer and
has conducted its own investigation with respect to the acquisition of the Group
Companies.

--------------------------------------------------------------------------------

Schedule 4

(Form of Resignation Letter)

To:    Hess International Petroleum, Inc.
Hess Equatorial Guinea, Inc.

Address:    Sterling Trust (Cayman) Limited,
Whitehall House, 238 North Church Street, PO Box 1043, George Town,
Grand Cayman, KY1-1102, Cayman Islands

[     ] 2017

Dear Sirs,
I, [●] hereby resign as a Director and (if appointed as officer) officer of Hess
International Petroleum, Inc., (registration number 5991) and Hess Equatorial
Guinea, Inc. (registration number 68666), each having its registered office at
Sterling Trust (Cayman) Limited, Whitehall House, 238 North Church Street, PO
Box 1043, George Town, Grand Cayman, KY1-1102, Cayman Islands, (the “Companies”)
with immediate effect.
I acknowledge that I have no claim whatsoever against the Companies in respect
of fees, remuneration, expenses, compensation for loss of office, or otherwise
arising from my resignation as a director and officer of the Companies, except
only for any accrued remuneration and for any reimbursable business expenses
incurred up to and including the date of this deed. To the extent that any such
claim exists or may exist, I irrevocably and unconditionally waive such claim
and release the Companies from any liability in respect thereof. I confirm that
no arrangement is outstanding under which the Companies have or may have any
obligation to me.

For the avoidance of doubt however, all other terms and conditions under my
employment contract dated [●] with [●] (the “Employment Contract”) will remain
unaltered by this letter and any actual or potential claim (whether contractual,
statutory or otherwise) in connection with my Employment Contract
(notwithstanding my resignation as a director and officer of the Companies)
pursuant to this letter) will continue in effect until terminated in accordance
with the terms therein.

This deed and all contractual and non-contractual obligations arising out of it
shall be governed by and construed in accordance with English law.

In witness whereof, this letter is executed as a deed on the date first
mentioned.

EXECUTED as a DEED by

[Name of director]

in the presence of:    …………………………………………………
…………………………………………. Witness
Name Address Occupation

--------------------------------------------------------------------------------

Schedule 5

Part 1
(Initial Statement of Accounts Form)

Column A    Column B
 

Total

Clause    Account    US$    US$
    

Initial Consideration    4.1    x

Permitted Equity Contributions    4.3(a)    x

Permitted Dividends    4.3(b)    (x)

Working Capital Amount    4.3(c)    x

Amounts paid for benefit of Group Company subject to exceptions

4.3(d)    x

Leakage other than Permitted Leakage
4.3(e)
(x)
 
Interest to Completion Date
 
 
 
Permitted Equity Contributions
4.3(f)
X
 
Working Capital Amount
4.3(g)
X
 
Permitted Dividends
4.3(h)
(x)
 
Leakage other than Permitted Leakage
4.3(i)
(x)
 
Initial Consideration
4.3(j)
X
 
Initial Adjusted Consideration Due at Completion
 
 
X

Part 2
(Final Statement of Accounts Form)

Column A    Column B
 

Total

Clause    Account    US$    US$
    

Initial Consideration    4.1    x

Permitted Equity Contributions    4.3(a)    x

Permitted Dividends    4.3(b)    (x)

Working Capital Amount    4.3(c)    x

Amounts paid for benefit of Group Company subject to exceptions

4.3(d)    x

Leakage other than Permitted Leakage    4.3(e)    (x)

Interest to Completion Date
Permitted Equity Contributions
4.3(f)
x
Working Capital Amount
4.3(g)
x
Permitted Dividends
4.3(h)
(x)
Leakage other than Permitted Leakage
4.3(i)
(x)
Initial Consideration
4.3(j)
X

Final Adjusted Consideration as per Final    X
Statement of Accounts

Less Initial Adjusted Consideration Paid at Completion

4.3    (x)

Final Settlement Amount
4.6
x
Interest on Final Settlement Amount
4.6
x

Final Adjusted Consideration to/(from) Seller

4.6
_
X

--------------------------------------------------------------------------------

Schedule 6

(Senior Managers)

Larry Coday (currently General Manager, Hess Equatorial Guinea, Inc., and former
Senior Finance Manager, Offshore Americas & West Africa, Hess Corporation and
former Planning Manager, Global Production Planning, Hess Corporation)

Dougie McMichael (Former West Africa Asset Director, Hess Corporation)
Barsanulio Ndong Mifumu (Government Relations, Hess Equatorial Guinea, Inc.)
Peter Blair (Director of International Tax, Hess Corporation)
Mike Shu (Operations Manager, Hess Equatorial Guinea, Inc.)

Segismundo Mengue Nsue (Finance Manager, Hess Equatorial Guinea, Inc.)

--------------------------------------------------------------------------------

Schedule 7 (Affiliate Contract)
1.
International Transfer of Data Agreement dated 26 December 2009 between Hess
Denmark ApS, Shannon LNG Limited, Hess Norge A/S, Hess Services UK Limited, Hess
Energy Trading Company (U.K.) Limited and Hess Energy Power & Gas Company (U.K.)
and Hess (Rhourde El Rhoun) Limited, Hess Exploration Australia Pty Ltd, Hess
(ACG) Limited, Hess Brasil Petroleo Ltda, Hess Egypt West Mediterranean Limited,
Hess Equatorial Guinea, Inc., Hess (Indonesia- Pangkah) Limited, Hess 'Libya
Exploration Limited, Hess Oil & Gas Sdn Bhd, ZAO Samara - Nafta, Hess Energy
Trading Company Singapore PTE. LTD., Hess Oil St Lucia Limited, Fisher Hess St
Lucia Limited, Hess (Thailand) Limited, Hess Corporation, Hess Energy Trading
Company, LLC, Hovensa L.L.C and Hovic Marketing Corp. Limited, as amended.

2.
Master International Intercompany Staff Secondment Agreement dated 1 January
2010 between Hess Corporation, Hess Services UK Limited, Hess Norge A/S, Hess
Denmark ApS, Hess Exploration Australia PTY Limited Hess (Indonesia- Semai V)
Limited, Hess (Indonesia- South Sesulu) Limited, Hess (Malaysia- SB 302)
Limited, Hess Oil Company of Thailand Ltd. Co., Hess Egypt West Mediterranean
Limited (Cayman), Hess Equatorial Guinea Inc, Hess (GEA) Limited, Hess Libya
(Waha) Limited, Hess Libya Exploration Libya, Hess (Indonesia-West Timor)
Limited and Hess Oil Company of Thailand (JDA) Limited, amongst others, as
amended.

3.
Marketing Services Agreement dated 15 December 2016 between Hess International
Sales LLC and Hess Equatorial Guinea, Inc.

4.
Any payments properly due and payable by the Group Companies to either the
Seller or any of its Affiliates (as applicable) in respect of general and
administrative costs, actual time writing costs, and other costs, including in
respect of any insurance costs, incurred by the Seller or any of its other
Affiliates (as applicable) and made in the Ordinary Course of Business and in
accordance with past practice.

--------------------------------------------------------------------------------

Schedule 8    (Transitional Services Agreement Term Sheet)

Parties
1.    Hess Equatorial Guinea, Inc. (to be renamed) (“Subsidiary”)
2.    Hess Equatorial Guinea Investments Limited (“Seller”)
Term
•    This Agreement shall enter into force on the date of Completion under the
SPA and shall remain in full force and effect until the earlier of the signing
of a Transition Services Agreement by the parties or the end of the month during
which the 90th day after Completion occurs. Upon mutual agreement, the Parties
may agree to extend the term of this Agreement in one month increments for a
maximum of three additional months (or a maximum of six additional months for
Services relating to ERP). Services may be terminated early by Subsidiary. To
terminate early, Subsidiary must provide written notice to Seller at least 10
days prior to the end of a month or must pay the following month’s Service Fee.
Services to be Provided
•    Annex 1 shall be used as a framework for discussion in the Workshop
(defined below) to set out the services to be provided by the Seller and the
cost of those Services (“Services”).
•    Until otherwise agreed by the Parties, the Services shall include the work
currently done on behalf of the Seller (within the most recent six months),
including without limitation marketing, accounting, tax, finance, human
resources, supply chain, information services and information technology, and
which are generally identified in Annex 1, but specifically excluding geology,
geophysics and reservoir engineering.
•    The parties may agree that the Seller will provide additional services to
the Subsidiary.
•    Seller, its Affiliates and/or regular outside consultants or contractors
which render Services shall employ its/their relevant tested know-how and
technical and organizational experience in performing such Services.
•    Any Services provided by the Seller’s Affiliates shall be provided on the
terms of this Agreement until the Transition Services Agreement is entered into
between the parties.
•    The Seller shall use its employees, employees of Seller’s Affiliates and
regular outside consultants or contractors to provide the Services.
Any Services reasonably determined by Seller to be necessary in an emergency to
protect health, safety, life or the environment, provided that Seller will
notify Subsidiary as soon as practicable of any such emergency.
Process for Requesting Services
•    Subsidiary shall provide Seller with a written request for the Services as
soon as practicable, including details of the exact Service to be provided and
expected duration for

--------------------------------------------------------------------------------

 
each Service and reasonable guidance on Subsidiary’s needs for specific
individuals.
Where the Subsidiary requests services that are additional to the Services set
out in Annex 1 the Seller shall confirm in writing whether it will perform these
additional services and the additional cost for such services.
Cost of Services
•    Unless otherwise agreed, the monthly cost for the Services shall be
$2,100,000. (“Service Fee”). Subsidiary may notify Seller of specific services
to be excluded, and the parties will negotiate in good faith to agree to a
reduction to the Service Fee that is consistent with that reduction in Services
and with the costs reflected in the cost tracker (such negotiation to include
any related or similar Services that Seller reasonably believes should be
excluded alongside the Services to be excluded as requested by Subsidiary). For
avoidance of doubt, this Service Fee does not include reservoir engineering,
geology or geophysics support.
•    Marketing costs to be charged in accordance with the Hess International
Sales contract dated 15 December 2016.
•    Service Fee for Services performed for any partial calendar month, shall be
prorated for the number of days the Services are performed in that month (based
on a thirty-day calendar month).
•    The Service Fee is intended to compensate Seller fully for all direct,
indirect, general and administrative and internal overhead costs only (including
but not limited to internal office overhead, field overhead and employee
salaries, whether or not such costs are cost-recoverable or billable under any
applicable Operating Agreement), and there shall be no separate charges from
Seller to Subsidiary for such expenses.
•    Subsidiary shall reimburse Seller for all reasonable and documented actual
out-of-pocket costs and actual expenses incurred in the performance of Services.
•    Those costs and expenses incurred by the Seller prior to the Completion
Date under the SPA, or immediately thereafter, in the normal handover of
ownership shall not be charged to the Subsidiary under this Agreement.
Subsidiary has the right to audit all costs billed to Subsidiary by the Seller
in connection with the provision of the Services and any additional services
within six months of the end of the term of the Transition Services Agreement or
this term sheet.
Invoicing and Payment for Services
•    Subsidiary will pay the Service Fee for each month on or before the 15th
day of the month for which the Service Fee applies. If Completion occurs after
the 12th day of a month, Subsidiary will pay for that partial month on or before
the 15th day of the following month. Payment shall be notwithstanding
Subsidiary’s right to later audit any charges in an invoice.
•    Seller will invoice Subsidiary for any additional costs within 30 days of
the end of each calendar month and

--------------------------------------------------------------------------------

 
payment will be due to Seller within 15 days of delivery of the invoice.
Subsidiary will gross up all payments for any withholdings required by EG law,
such that Seller is paid the full amount invoiced.
Currency
All amounts payable under this Agreement will be paid in US dollars.
Standard of Performance of Services
•    Seller shall perform the Services in a good, competent, professional and
safe manner consistent with recent past practice prior to Closing in accordance
with applicable laws and regulations, standards and practices of the
international petroleum industry, and under the supervision and direction of the
Subsidiary, subject to the below.
•    Subsidiary must request any change in practice for any of the Services in
writing to the Seller. The Seller may refuse any change at its reasonable
discretion.
•    Subsidiary shall be responsible for any increase in costs incurred by the
Seller, including any costs that would be part of the Service Fee, caused by any
change in practice of any Service as requested by the Subsidiary.
•    Seller shall control the selection of staff to provide the Services
provided that such staff shall have the required qualifications and experience
to perform the Services.
•    Seller recognizes the value of continuity of staff in providing the
Services and will make reasonable efforts to make the individuals identified in
Annex 1 (if any) available to provide the Services; provided however, Seller
shall be under no obligation to offer any retention, incentives or otherwise
bear any increase in costs to do so, and further provided that Seller may
consider its other business needs in determining which individuals are to be
provided. In relation to Services where no individuals are specified, the Seller
will use reasonable endeavors to maintain the current staff, to the extent
practicable, but without diminishing the Seller’s right to select its staff.
Subsidiary reserves the right to provide services similar to the Services for
itself or to obtain similar services from third parties and is under no
obligation to request the Services from the Seller.
Indemnities
•    A knock-for-knock indemnity between Subsidiary and Seller, regardless of
cause, for all claims arising out of personal injury, illness, death, or
property loss or damage by any member of each of Subsidiary’s and Seller’s
group.
•    Subsidiary shall be liable for and indemnify Seller group from and against
all claims arising out of personal injury, illness, death, or property loss or
damage by any third party. Notwithstanding the previous sentence, Seller group
shall be liable for and indemnify Subsidiary from and against all claims arising
out of personal injury, illness, death, or property loss of damage by any third
party, to the extent attributable to the Gross Negligence (as defined in the
JOA) of Seller’s Senior Supervisory Personnel (to be

--------------------------------------------------------------------------------

 
defined in the Transitional Services Agreement).
•    Neither party shall be liable for any consequential loss or damage.
Subsidiary agrees to indemnify Seller for Equatorial Guinea taxes on Services
provided under this Agreement.
Miscellaneous
•    Confidentiality as per the SPA or as agreed
•    Governing Law – England and Wales Disputes resolved under LCIA as per SPA
Workshop
Parties agree to a meet within fifteen days of signing of SPA to further define
the scope, cost and structure of this term sheet or to agree the Transition
Services Agreement. This meeting will also define the timeline and/or milestones
to transition away from Seller group’s enterprise systems and licenses. Seller
will discontinue providing email and Microsoft-related services as soon as
practicable after Completion, and in any event before the expiration of the
90-day term of this Agreement. Seller will provide reasonable notice of that
discontinuance. Seller and Subsidiary will discuss this timeline, and the needs
of Subsidiary, at or before the Workshop.

Annex 1
Transition Services Agreement - Scope of Services

No.
Line item of Service
Term (if less than full term)
Service Provider (if not Subsidiar y)
Specific Individual (if any)
 
Support and management of the Transition Services Seller (Hess) transition
manager: Ryan Lamothe Subsidiary transition manager: Francois Raux (T); Taran
Smith (K)
•
•
•
1.
[Operational services]
Seller to provide Operational and EHS continuity to run the business as-is until
designated hand-over dates of Operations Services and Support Services to
Subsidiary
Examples:
•    Operational management
•    Maintenance, Reliability and Integrity support to the business
•    Production Engineering support to the business
•    Design intent of systems and any known technical limitations of these
systems, if required, beyond handover procedures
•    Shadowing period
•
•
•
2.
Crude marketing and sales services under PSC
•    Market entitlement for one lifting after Completion for buyers (Specifics
to be
•
•
•

 
discussed regarding timing of liftings, sales agreed prior to signing and during
the interim period)
 
 
 
3.
Accounting Services: Seller’s Houston Shared Services team to provide Accounting
Services for Subsidiary in a manner substantially consistent with the applicable
current general practices prior to the Execution Date.
Examples: (i) payment of invoices and billing of same to Working Interest
owners; (ii) collection of accounts receivable, including revenue and joint
interest billings; (iii) disbursement of revenue proceeds to applicable third
parties; (iv) maintaining the general ledger and accounts thereof
•
•
•
4.
[Hydrocarbon accounting]
•
•
•
5.
[Tax services] (To be discussed)
•
•
•
6.
[IT services] Examples:
•    Provide secure access to infrastructure and applications required to
support day to day operations
•    SAP and related applications
•    Local Network connection
•    Telephone services
•    Desktop applications
•    Operations applications
•    Note: Seller is not obligated to provide Subsidiary with a license to use
its proprietary or enterprise applications
•
•
•
7.
[Continuation of remediation and environmental response services]
Examples:
•    Emergency Response and Crisis Management
•    Evacuation services
•    Security support
•    Transfer of EHS regulatory compliance information
•
•
•
8.
Vendor Management Supply Chain Management
[Consultancy Services – access to Hess’ retained employees to ensure an
effective transition]
•    [Transfer of materials/contracts]
•    [Administration and closeout of Requisitions, POs, etc.]
•    Operational Logistics Management
•    Contract Management and project control
•
•
•
9.
Consultation and Availability of Employees
•    To provide reasonable access at reasonable
•
•
•

 
times during normal business hours to employees for consultation concerning
matters related to the Services while each such Service is being provided
 
 
 

Signed for and on behalf
of HESS EQUATORIAL GUINEA INVESTMENTS LIMITED

................................................................
Authorised signatory

Signed for and on behalf
of HESS
CORPORATION    ................................................................
Authorised signatory

Signed for and on behalf
of KOSMOS ENERGY EQUATORIAL
GUINEA    ................................................................
Director / Authorised signatory

Signed for and on behalf
of KOSMOS ENERGY OPERATING

................................................................
Authorised signatory

Signed for and on behalf
of TRIDENT ENERGY E.G.
OPERATIONS,
LTD.    ................................................................
Director / Authorised signatory