ex10_2.htm


    
      

    

    
      
        Exhibit
          10.2

      

      
        
EXERCISE
          NOTICE

      

      
         

        TO
          BE  EXECUTED

        BY
          THE REGISTERED HOLDER TO EXERCISE THIS WARRANT

      

      
        


        HYPERDYNAMICS
          CORPORATION

         

      

      
        The
          undersigned holder hereby exercises the right to purchase Two Hundred
          Eighty-Six Thousand (286,000) of the shares of Common Stock ("Warrant
          Shares") of Hyperdynamics Corporation (the "Company"), evidenced by
          the attached Amended and Restated Warrant No, CCP-002 (the "Warrant").
          Capitalized terms used herein and not otherwise defined shall have the
          respective meaning set forth in the Warrant.

      

      
         

        Specify
          Method of exercise by check mark:

      

      
        


         

        
          	
                	
                  1.
                    x

                	
                  Cash
                    Exercise

                


        

      

      
         

        (a)
          Payment of Warrant Exercise Pride. The holder shall pay the Aggregate
          Exercise Price of $286,000 (Two Hundred Eighty-Six Thousand Dollars) to
          the Company in accordance with the terms of the Warrant.

      

      
         

        
          
            
              
                
                  
                    (b)
                      Delivery of Warrant Shares. The Company shall deliver to the holder
Two  Hundred Eighty-Six Thousand (286,000) Warrant Shares in
                      accordance with the terms of
                      the Warrant.

                  

                

              

            

          

        

      

      
         

        
          	
                	
                  2.
                     ̈

                	
                  Cashless
                    Exercise

                


        

      

      
         

        (a)
          Payment of Warrant Exercise Price. In lieu of making payment of the
          Aggregate Exercise Price, the holder elects to receive upon such exercise
          the
          Net Number of shares of Common Stock determined in accordance with the
          terms of the Warrant.

      

      
         

        (b)
          Delivery of Warrant Shares. The Company shall deliver to the holder
          286,000 Warrant Shares in accordance with the terms of the
          Warrant.

      

      
         

        Date:
          December 12, 2007

      

      
         

        YA
          Global Investments, L.P. (f/k/a Cornell Capital Partners,
          L.P.)

      

      
        	
                By:

              	
                Yorkville
                  Advisors, LLC

              
	
                Its:

              	
                Investment
                  Manager

              
	 	 
	 	/s/
                Matt Beckman 


      

      
        	
                By:

              	
                Matt
                  Beckman

              
	
                Its:

              	
                Managing
                  Member

              


      


      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      


      
        EXERCISE
          NOTICE

      

      
         

        TO
          BE EXECUTED

        BY
          THE REGISTERED HOLDER T0 EXERCISE THIS WARRANT

      

      
         

        HYPERDYNAMICS
          CORPORATION

      

      
         

      

      
        The
          undersigned holder hereby exercises the right to purchase Two Hundred
          Fifty-Eight Thousand Shares (258,000) of the shares of Common Stock
          ("Warrant Shares") of Hyperdynamics Corporation (the "Company"),
          evidenced by the attached Amended and Restated Warrant No. CCP-003 (the
          "Warrant"). Capitalized terms used herein and not otherwise defined shall
          have the respective meanings set forth in the
          Warrant.

         

      

      
        Specify
          Method of exercise by check mark:

      

       

      
        
          	
                	
                  1.
                    x

                	
                  Cash
                    Exercise

                


        

      

      
         

        (a)
          Payment of Warrant Exercise Price. The holder shall pay the Aggregate
          Exercise Price of $258,000 (Two Hundred Fifty Eight Thousand Dollars) to
          the Company in accordance with the terms of the Warrant.

      

      
         

        (b)
          Delivery of Warrant Shares. The Company shall deliver to the holder
Two Hundred Fifty-Eight Thousand Shares (258,000) Warrant Shares in
          accordance with the terms of the Warrant.

      

      
         

        
          	
                	
                  2.
                     ̈

                	
                  Cashless
                    Exercise

                


        

      

      
         

        (a)
          Payment of Warrant Exercise Price. In lieu of making payment of the
          Aggregate Exercise Price, the holder elects to receive upon such exercise
          the
          Net Number of shares of Common Stock determined in accordance with the
          terms of
          the Warrant.

      

      
         

        (b)
          Delivery of Warrant Shares. The Company shall deliver to
          the holder 258,000 Warrant Shares in accordance with the terms of the
          Warrant.

      

      
         

        Date:
          December 12, 2007

      

      
        


      

      
        YA
          Global Investments, L.P. (f/k/a Cornell Capital Partners,
          L.P.)

      

      
        	
                By:

              	
                Yorkville
                  Advisors, LLC

              
	
                Its:

              	
                Investment
                  Manager

              
	 	 
	 	/s/
                Matt Beckman
	
                By:

              	
                Matt
                  Beckman

              
	
                Its:

              	
                Managing
                  Member