Exhibit 10.3

 

	
PRESIDENCY OF THE REPUBLIC
    	
 
    	
REPUBLIC   OF GUINEA
    
	
 
    	
 
    	
 
    
	
GENERAL SECRETARIAT
    	
 
    	
Work —   Justice — Solidarity
    
	
OF THE GOVERNMENT
    	
 
    	
 
    


 

DECREE D/2016/275/PRG/SGG

APPROVING THE SECOND AMENDMENT TO THE HYDROCARBON

PRODUCTION SHARING CONTRACT BETWEEN THE REPUBLIC OF GUINEA AND THE

COMPANY SCS CORPORATION LTD

(SUBSIDIARY OF HYPERDYNAMICS CORPORATION)

 

THE PRESIDENT OF THE REPUBLIC

 

	
In view of
    	
 
    	
The Constitution;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Order No. 119/PRG of September 23, 1986 concerning the   Petroleum Code of the Republic of Guinea (Reference code of the Hydrocarbon   Production Sharing Contract between the Republic of Guinea and SCS   Corporation Ltd.);
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Law L/2015/0222/AN of August 13, 2015, concerning the   financial governance of Companies and Public Establishments in the Republic   of Guinea;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Decree D/2015/226/PRG/SGG of December 26, 2015, appointing   the Prime Minister, Head of the Government;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Decree D/2015/227/PRG/SGG of December 30, 2015, concerning   the structure of the Government
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Decree D/2016/003/PRG of January 3, 2016, appointing the   members of the Government
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Decree D/2015/165/PRG/SGG of August 29, 2015 concerning the   Creation, Articles of Association, Mission, Attribution and Organization of   the National Petroleum Office (ONAP);
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
The Hydrocarbon Production Sharing Contract signed on   September 22, 2006 by the Republic of Guinea and the Company SCS   Corporation Ltd., as amended on March 25, 2010;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
The notification to the State of the voluntary separation   agreement between Hyperdynamics and its partners (Dana Petroleum and Tullow   Oil) dated August 15, 2016;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
The request for an extension submitted by the Company SCS   Corporation
    


 











 

	
 
    	
 
    	
Ltd. on July 16, 2016 for a non-renewable period of one   (01) year of the second exploration period and the extension for the same   period of the Production Sharing Contract;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
The Second Amendment to the Hydrocarbons Production Sharing   Contract between the Republic of Guinea and the Company SCS Corporation Ltd.   dated September 14, 2016;
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
At the proposal of the Director General of the ONAP;
    


 

DECREES

 


	
Article 1:
    	
 
    	
The Second Amendment to the Hydrocarbon Production Sharing Contract between the Republic of Guinea and   the Company SCS Corporation dated September 14, 2016 is approved.
    
	
 
    	
 
    	
 
    
	
Article 2:
    	
 
    	
The projected budget and the exploration expenses incurred in   connection with the Hydrocarbon Production Sharing Contract will be validated   by the Petroleum Operations Management Committee (CDOP).
    
	
 
    	
 
    	
 
    
	
Article 3:
    	
 
    	
This Decree, which takes effect as of the date it is signed,   will be recorded and published in the Journal Officiel   of the Republic
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
Conakry, Sep. 21, 2016
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
[Signed]
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
Prof. Alpha CONDE