Document:

Change in Control Agreement

 Exhibit 10.10 
 BANCSHARES OF FLORIDA, INC. 
 CHANGE IN CONTROL AGREEMENT 
 THIS CHANGE IN CONTROL AGREEMENT (“Agreement”) is entered into by and between Bancshares of Florida, Inc. (“Employer”)
and R. Mark Manitz (“Employee”). 
 WHEREAS, in recognition of Employee’s prior and continuing contribution to
Employer and its subsidiaries, Employer wishes to protect Employee’s position therewith in the manner provided in the Agreement in the event of a Change in Control of the Employer; 
 NOW, THEREFORE, in consideration of Employee’s management position, contribution and responsibilities, Employer hereby agrees to
provide Employee with certain severance benefits as specifically provided herein. 
 SECTION 1 – DEFINITIONS 
 (a) “Change in Control” means an event that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A
promulgated under the Securities Exchange Act of 1934, as amended (“Exchange Act”) or any successor disclosure item; provided that, without limitation, such a Change in Control (as set forth in 12 U.S.C. Section 1841 (a)(2) of the
Bank Holding Company Act of 1956, as amended) shall be deemed to have occurred if any person (as such term is used in Sections 13(d) and 14(d) of the Exchange Act), other than any person who on the date hereof is a director or officer of Employer:
(i) directly or indirectly, or acting in concert through one or more other persons, owns, controls, or has power to vote 25% or more of any class of the then outstanding voting securities of Employer; or (ii) controls in any manner the
election of the directors of Employer. For purposes of this Agreement, a “Change in Control” shall be deemed not to have occurred in connection with a reorganization, consolidation, or merger of Employer whereby the stockholders of
Employer, immediately before the consummation of the transaction, will own over 50% of the total combined voting power of all classes of stock entitled to vote of the surviving entity immediately after the transaction. 
 (b) Termination for “just cause” means termination because of Employee’s personal dishonesty, incompetence, insubordination, misconduct or
conduct which negatively reflects upon the Employer, breach of fiduciary duty, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than minor traffic violations or similar offenses), or final
cease-and desist order. In determining “incompetence,” the acts or omissions shall be measured against standards generally prevailing in the banking industry. No act, or failure to act on Employee’s part, shall be considered
“willful” unless done, or omitted to be done, by Employee not in good faith and without reasonable belief that Employee’s action or omission was in the best interest of Employer; provided that any act or omission to act on
Employee’s behalf in reliance upon advice or written opinion of Employer’s counsel shall not be deemed to be willful. 
 (c)
“Protected Period” means the term of this Agreement and six months following termination hereof if Employee is employed by Employer at the time Employee first learns of a potential Change in Control, which is later consummated. 

 

 1 

 SECTION 2 – TERM OF AGREEMENT 
 This Agreement shall remain in effect for two years commencing on September 1, 2006, and terminating on August 31, 2008, unless extended or
terminated in accordance with the terms and conditions set forth in Section 8 herein. 
 SECTION 3 – PAYMENTS TO EMPLOYEE UPON
CHANGE IN CONTROL 
 Following a Change in Control and within the Protected Period, if either (i) Employer terminates
Employee’s employment without “just cause;” or (ii) Employee terminates his own employment because Employee has not been offered employment at a comparable salary and position, Employee shall be entitled to receive the
termination benefits described in Section 4 hereof. 
 SECTION 4 – TERMINATION BENEFITS 
 (a) Upon a termination described in Section 3, Employer or its successor(s) shall pay Employee, or in the event of Employee’s subsequent death,
his estate, as severance pay, a sum equal to two-and-one-half years of his “highest annual base salary.” For purposes of this Agreement, Employee’s “highest annual base salary” shall mean the Employee’s highest base
salary during the three years immediately preceding Employee’s termination. Such payment shall be made in one lump sum payment within ten business days of such a termination of employment. 
 (b) Upon a termination described in Section 3, Employer or its successor(s) shall continue to provide life, health, and disability coverage
(“Coverage”) comparable to the coverage maintained by Employer for Employee prior to his severance. Such Coverage shall cease upon the earlier of Employee obtaining new employment and receiving Coverage through another employer, which
provides comparable coverage, or six months from the date of Employee’s termination. 
 SECTION 5 – SUSPENSION OF OBLIGATIONS

 (a) If Employee is suspended from office and/or temporarily prohibited from participating in the conduct of Employer’s affairs
pursuant to an action brought by the Florida Office of Financial Regulation, Office of the Comptroller of the Currency, Office of Thrift Supervision, or the Federal Deposit Insurance Corporation (any referred to herein as a “Regulatory
Agency”), Employer’s obligations under this Agreement shall be suspended as of the date of such action. The obligations of this Agreement shall be reinstated if the charges of the Regulatory Agency are subsequently dismissed, or if the
Employee is otherwise determined to be not guilty of such charges. 
 (b) If Employee is removed from office and/or permanently prohibited
from participating in the conduct or affairs of Employer by a final order resulting from an action brought by a Regulatory Agency, all obligations of Employer under this Agreement shall terminate as of the effective date of such order. 

 

 2 

 SECTION 6 – NOTICE OF TERMINATION 
 Any purported termination by Employer or by Employee shall be communicated by a Notice of Termination to the other party hereto. For purposes of this
Agreement, a “Notice of Termination” shall mean a written notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide
a basis for termination of Employee’s employment under the provision so indicated. 
 SECTION 7 – AGREEMENT NOT TO COMPETE 

 (a) In consideration of the benefits and protections provided under this Agreement, Employee agrees that during the term of this
Agreement, and for a period of six months following the termination of Employee’s employment for any reason other than that contemplated by Section 3, Employee shall not become employed, directly or indirectly, whether as an employee,
independent contractor, consultant, or otherwise, with any federally-insured financial institution, financial holding company, bank holding company, or other financial services provider located in Broward, Collier, Hillsborough, Lee, Miami-Dade, or
Palm Beach Counties, Florida that offers similar products or services as those offered by the Employer, or with any person or entity whose intent it is to organize another such company or entity located in Broward, Collier, Hillsborough, Lee,
Miami-Dade, or Palm Beach Counties, Florida. 
 (b) Employee hereby agrees that the duration of the anti-competitive covenant set forth
herein is reasonable, and that its geographic scope is not unduly restrictive. 
 (c) The parties acknowledge and agree that money damages
cannot fully compensate Employer in the event of Employee’s violation of the provisions of this Section 7. Thus, in the event of a breach of any of the provisions of this Section 7, Employee agrees that Employer, upon application to a
court of competent jurisdiction, shall be entitled to an injunction restraining Employee from any further breach of the terms and provisions of this Section 7. Employee’s sole remedy, in the event of the wrongful entry of such injunction,
shall be the dissolution of such injunction and any costs as provided for in Section 10 herein. Employee hereby waives any and all claims for damages by reason of the wrongful issuance of any such injunction. 
 SECTION 8 – MODIFICATION AND WAIVER 
 (a) This Agreement may not be modified or amended except as agreed to in writing by the parties hereto. 
 (b) No term or condition
of this Agreement shall be deemed to have been waived, nor shall there be any estoppels against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written
waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition in the future, or as to
any act other than that specifically waived. 
  

 3 

 SECTION 9 – ARBITRATION 
 The parties agree that, except for the specific remedies for injunctive relief as contained in Section 7, any controversy or claim arising out of or
relating to this Agreement or any breach hereof, including, without limitation, any claim that this Agreement or any portion hereof is invalid, illegal, or otherwise voidable, shall be submitted to binding arbitration before and in accordance with
the rules of the American Arbitration Association and judgment upon the determination and/or award of such arbitrator(s) may be entered in any court having jurisdiction thereof. Provided, however, that this Section shall not be construed to permit
the award of punitive damages to either party. The venue of any arbitration shall be in Collier County, Florida. 
 SECTION 10 –
ATTORNEYS’ FEES 
 In the event of any proceeding occurring out of or involving this Agreement, the prevailing party shall be
entitled to the recovery of reasonable attorneys’ fees, expenses, and costs, including fees and costs to enforce an award. 
 SECTION
11 – SEVERABILITY 
 The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
 SECTION 12–
HEADINGS FOR REFERENCE ONLY 
 The headings of the Sections herein are included solely for convenience of reference and shall not control
the meaning or the interpretation of any of the provisions of this Agreement. 
 SECTION 13 – APPLICABLE LAW AND VENUE 

This Agreement shall be governed in all respects and be interpreted by and under the laws of the State of Florida. Any litigation regarding this
Agreement shall be brought in the appropriate court in Collier County, Florida. 
 SECTION 14 – SUCCESSORS 
 Employer shall require any successor to the business and/or assets of Employer in connection with a Change in Control to assume and agree to perform its
obligations under this Agreement in writing. 
 SECTION 15 – NO CONTRACT OF EMPLOYMENT 
 This Agreement shall not, under any circumstances, be deemed to constitute an employment contract between Employer and Employee or to be in consideration
of or an inducement for the continued employment of Employee. Nothing contained in this Agreement shall be deemed to give Employee the right to be retained in the service of Employer, or to interfere with the right of Employer to discharge Employee
at any time. 
  

 4 

 SECTION 16 – LIMITATION OF RIGHTS 
 Neither this Agreement, nor any amendment hereof, nor the payment of any benefits hereunder shall be construed as giving Employee or any other person any
legal or equitable right against Employer except as expressly provided herein. 
 IN WITNESS WHEREOF, Employer has duly executed this Agreement this 1st day of September, 2006. 
  

					
	EMPLOYEE	 	BANCSHARES OF FLORIDA, INC.
			
	 /s/ R. Mark Manitz
	 	By:	 	 /s/ Michael L. McMullan

	R. Mark Manitz	 		 	Michael L. McMullan
		 		 	President and Chief Executive OfficerForm of Subscription Agreement and Investment Representation

 Exhibit 4.1 
 TRANSMERIDIAN EXPLORATION INCORPORATED 
 SUBSCRIPTION AGREEMENT AND INVESTMENT REPRESENTATION 

 Effective April 25, 2007 
 THE COMMON
STOCK OF TRANSMERIDIAN EXPLORATION INCORPORATED ISSUED PURSUANT TO THIS SUBSCRIPTION AGREEMENT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE. THERE ARE
RESTRICTIONS ON THE TRANSFERABILITY OF THE COMMON STOCK WHICH ARE DESCRIBED IN SECTION 3 OF THIS SUBSCRIPTION AGREEMENT. 
 THE INVESTOR CERTIFIES THAT IT IS
NOT A U.S. PERSON AND IS NOT ACQUIRING THE COMMON STOCK FOR THE ACCOUNT OR BENEFIT OF ANY U.S. PERSON. THE INVESTOR AGREES THAT IT WILL HOLD THE COMMON STOCK FOR INVESTMENT PURPOSES ONLY AND THAT ANY RESALE OF SUCH COMMON STOCK WILL BE MADE STRICTLY
IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION. THE INVESTOR FURTHER AGREES NOT TO ENGAGE IN ANY
SHORT SALES, HEDGING TRANSACTIONS OR OTHER TRANSACTIONS WITH REGARD TO THE COMPANY’S COMMON STOCK UNLESS IN STRICT COMPLIANCE WITH THE SECURITIES ACT. THE INVESTOR UNDERSTANDS THAT THE COMPANY IS RELYING UPON THE REPRESENTATIONS, COVENANTS AND
AGREEMENTS CONTAINED IN THIS SUBSCRIPTION AGREEMENT (AND ANY SUPPLEMENTAL INFORMATION) FOR THE PURPOSE OF DETERMINING WHETHER THIS TRANSACTION MEETS THE REQUIREMENTS FOR SUCH EXEMPTION. 
 IT IS IMPOSSIBLE TO FORECAST THE RESULTS TO A PURCHASER FROM AN INVESTMENT IN THE SECURITIES. NO ONE CAN PREDICT WHETHER, TO WHAT EXTENT, OR OVER WHAT TIME FRAME THE BUSINESS OF TRANSMERIDIAN EXPLORATION INCORPORATED
MAY BE SUCCESSFUL. THE PURCHASE OF COMMON STOCK INVOLVES A HIGH DEGREE OF RISK AND SHOULD BE CONSIDERED ONLY BY PERSONS WHO CAN BEAR THE RISK OF AN ENTIRE LOSS OF THEIR INVESTMENT. 
 SECTION 1 
 1.1 Subscription. This Subscription Agreement (the
“Agreement”) is made by and between Transmeridian Exploration Incorporated, a corporation organized under the laws of the State of Delaware (the “Company”), and the “Investor”, as designated on Exhibit “A” to
this Agreement. The Investor, intending to be legally bound, hereby irrevocably subscribes for and agrees to purchase the number of shares of common stock, par value $0.0006 per share, of the 

 
Company (the “Subscribed Stock”) designated on Exhibit “A” for the consideration specified on such Exhibit “A,” under the terms
specified below. The Investor hereby agrees that this Agreement shall be irrevocable and binding on the Investor and any successors in interest, representatives or assigns of the Investor. (The Subscribed Stock is sometimes herein referred to as the
“Common Stock.”) 
 1.2 Closing. On or prior to April 30, 2007, the Investor will transfer by wire to the Company in
same day funds the total consideration specified on Exhibit “A,” according to the wire transfer instructions provided by the Company, as payment in full for the Common Stock to be purchased hereunder (such transfer of funds by the Investor
and receipt thereof by the Company hereinafter referred to as the “Closing”). This Agreement shall be null and void if funds are not received by the Company as of April 30, 2007 (the “Final Closing Date”). 
 1.3 Multiple Closing and Funding. The Investor understands and acknowledges that at any time on or prior to the Final Closing Date, multiple
closings and fundings may occur upon execution of substantially identical subscription agreements by other investors. 
 1.4 Acceptance or
Rejection. The Investor understands and acknowledges that this Agreement shall be deemed to be accepted by the Company only when the Agreement, together with Exhibit “A” hereto, is signed by an authorized officer of the Company on
behalf of the Company. Notwithstanding anything in this Agreement to the contrary, the Company shall have no obligation to consummate the Closing and issue the Common Stock to any person to whom the issuance of the Common Stock would constitute a
violation of the Securities Act or the securities laws of any state of the United States or any foreign country. 
 1.5 AMEX Approval.
The Investor understands and acknowledges that the issuance of the Common Stock purchased hereby is subject to receipt of approval from the American Stock Exchange, and no shares of Common Stock may be issued prior to such approval. If such approval
is not received, the Investor shall be entitled to return of any funds paid at the Closing. 
 1.6 Delivery of Shares. The Company
will transmit certificates representing the Subscribed Stock promptly following approval of the issuance of the Common Stock by the American Stock Exchange. Such Common Stock will contain one or more restrictive legends as specified in
Section 3, below. The Subscribed Stock shall not be deemed issued to, or owned by, the Investor until the Investor delivers the funds and the agreed upon number of shares of Common Stock are issued to the Investor in accordance with the terms
of each Closing. 
 1.7 Expenses of Transaction. In the absence of an agreement in writing, each party shall bear its own direct
expenses of the transaction. The Company shall bear all costs of issuing the Common Stock to the Investor. 
 1.8 No Brokerage Fees.
The Company shall not be liable for any brokerage or other financial advisory fees payable to any third party out of the proceeds of the investment. This provision shall not restrict the use by either party of any business, financial, legal,
engineering, accounting, tax or other professional services to evaluate and consummate the transaction. 
  

 -2- 

 SECTION 2 
 2.1 Registration. The Company shall, as promptly as practicable, (a) use all reasonable efforts to include the Subscribed Stock on a Form S-3 registration statement (the “Registration Statement”)
filed with the U.S. Securities and Exchange Commission (the “SEC”) and (b) have such Registration Statement declared effective by the SEC. 
 2.2 Purchase Price. The price to be paid per share of Common Stock purchased by the Investor hereunder shall be $2.70 per share (based on the last sale price of the Common Stock on the American Stock Exchange
on April 25, 2007, less a discount of approximately five percent). 
 SECTION 3 
 3.1 Investor Representations and Warranties. The Investor hereby acknowledges, represents and warrants to, and agrees with, the Company, as
follows: 
 (a) General: 
 (i) The Investor is acquiring the Common Stock for its own account as principal, for investment purposes only, and not with a view to, or for, resale, distribution or fractionalization thereof, in whole or in part and
no other person has a direct or indirect beneficial interest in such Common Stock (excluding the current shareholders and management of the Investor). 
 (ii) The Investor acknowledges its understanding that the offering and sale of the Common Stock is intended to be exempt from registration under the Securities Act and, in furtherance thereof, the Investor represents
and warrants to and agrees with the Company as follows: 
 (A) The Investor has the financial ability to bear the economic
risk of its investment, has adequate means for providing for its current financial needs and contingencies and has no need for liquidity with respect to its investment in the Company; 
 (B) The Investor has such knowledge and experience in financial and business matters, including the risks associated with operating in
the Republic of Kazakhstan, as to be fully capable of evaluating the merits and risks of the prospective investment; and 
  

 -3- 

 (b) Information Concerning the Company: The Investor and such of its business,
financial, legal, engineering and tax advisors as it, in its sole discretion, may choose to engage (collectively, the “Advisors”), acknowledge that it: 
 (i) Has been furnished with a copy of the Company’s most recent Form 10-K (and amendments thereto), Form 10-Q and proxy statement for
the Company’s 2007 annual meeting. In addition, the Company will provide such other materials and documents as the Investor or its Advisors may reasonably request. All of these materials are collectively referred to as the
“Information.” As a condition to consummating the Closing, the Investor represents that it and/or its Advisors have carefully read the Information and understand and have evaluated the risks of the purchase of Common Stock and the
considerations described in the Information; and have relied solely (except as indicated in subsections (ii) and (iii) below) on the Information; 
 (ii) Is familiar with the business and financial condition, properties, operations, and prospects of the Company, all as generally described in the Information; has been given the opportunity to ask questions of, and
receive answers from, the appropriate officers of the Company concerning the terms and conditions of the offering and other matters pertaining to this investment and has asked such questions as it desires to ask and all such questions have been
answered to the full satisfaction of the Investor; has been given the opportunity to obtain such additional information necessary to verify the accuracy of the information contained in the Information or that which was otherwise provided in order
for him to evaluate the merits and risks of purchase of the Common Stock to the extent the Company possesses such information or can acquire it without unreasonable effort or expense; and has not been furnished any other offering literature or
prospectus except as mentioned herein or in the Information; 
 (iii) Has not been furnished with any oral representation or
warranty in connection with the offering of the Common Stock by the Company or any officer, employee, agent, affiliate or subsidiary, which is not contained in the Information, and is relying solely on the information contained in the Information
and the answers to questions with respect thereto furnished to the Investor by the Company; 
 (iv) Understands that the
purchase of the Common Stock involves various risks including, but not limited to, those outlined in the Information and in this Agreement, and has determined that the Common Stock is a suitable investment and that it could bear a complete loss of
its investment; 
 (v) Is not relying on the Company with respect to the economic considerations of the Investor related to
this investment. The Investor has relied on the advice of, or has consulted with, regarding the economic considerations related to this investment, only its own personnel and Advisors; 
  

 -4- 

 (vi) The Investor is authorized and qualified to become a stockholder in, and authorized
to make its capital contributions to, the Company, and the person signing this Agreement and Investment Representation on behalf of such entity has been duly authorized by such entity to do so; 
 (vii) Any information which the Investor has heretofore represented or furnished to the Company with respect to its financial position and
business experience is correct and complete as of the date of this Agreement and if there should be any material change in such information it will immediately furnish such revised or corrected information to the Company; and 
 (viii) The Investor understands that, unless the Investor notifies the Company in writing to the contrary before the Closing, all the
representations and warranties contained in this Agreement will be deemed to have been reaffirmed and confirmed as of the Closing, taking into account all information received by the Investor. 
 (c) Investor Awareness. The Investor acknowledges, represents, agrees and is aware that: 
 (i) Substantially all of the Company’s current operations are located in the Republic of Kazakhstan, and the Company is subject to
the political and economic risks of operating in this country and region of the world. 
 (iii) No federal or state agency has
passed upon the Common Stock or made any finding or determination as to the fairness of this investment; 
 (iv) The Company
is subject to substantial risks, including those described in Item 1 of its annual report on Form 10-K for the year ended December 31, 2006, and the Investor acknowledges that these risks, as well as others incident to the investment in
the Common Stock of the Company, could result in the loss of part or all of the purchase price paid hereunder for the Subscribed Stock; 
 (v) Any projections or forward looking information provided to the Investor are based on various estimates and forecasts by the Company and/or its consultants and are subject to the caveats set forth in the
Information. The Investor specifically acknowledges that actual results may differ materially from these estimates and forecasts; 
  

 -5- 

 (vi) Until the Registration Statement is declared effective by the SEC, the investment in
the Company is an illiquid investment, and the Investor must bear the economic risk of investment in the Common Stock during such period of time; and 
 (d) Accredited Investor Status. The Investor represents that the Investor qualifies as an Accredited Investor under U.S. securities laws and the regulations of the SEC and any similar laws and regulations which
may be applicable to this transaction in any other jurisdiction which may govern the Investor or this transaction. 
 (e)
Restrictions on Transfer or Sale of the Common Stock: 
 (i) The Investor is acquiring the Common Stock subscribed for
solely for the Investor’s own beneficial account, for investment purposes, and not with a view to, or for resale in connection with, any distribution of the Common Stock. The Investor understands that the offer and sale of the Common Stock is
intended to be exempt from registration under U.S. and state securities laws and has not been registered under the Securities Act or the securities laws of any state of the United States in reliance on specific exemptions under the provisions
thereof. These exemptions depend in part upon the investment intent of the Investor and of the other representations made by the Investor in this Agreement. In particular, the Investor certifies that it is not a U.S. person and is not acquiring the
Common Stock for the account or benefit of any U.S. person, nor is the Investor a U.S. person who purchased securities in a transaction that did not require registration under the Securities Act. The Investor agrees that it will hold the Common
Stock for investment purposes only and that any resale of such Common Stock will be made strictly in accordance with (i) the provisions of Regulation S promulgated under the Securities Act, (ii) an effective registration statement under
the Securities Act, or (iii) pursuant to an available exemption from registration. The Investor further agrees not to engage in any short sales, hedging transactions or other similar transactions with regard to the Company’s Common Stock
unless in strict compliance with the Securities Act. The Investor understands that the Company is relying upon the representations, covenants and agreements contained in this Agreement (and any supplemental information) for the purpose of
determining whether this transaction meets the requirements for such exemptions. 
 (ii) The Investor understands that the
shares of Common Stock are restricted securities under applicable U.S. securities laws and that the Securities Act, and that the rules of the SEC provide in substance that the Investor may dispose of the Common Stock only pursuant to an effective
registration statement under the Securities Act or an exemption therefrom. The Investor understands that, other than as expressly provided for in this Agreement, the Company has no obligation or intention to register any of the Common Stock
purchased by the Investor hereunder, or to take any affirmative action so as to permit sales pursuant to the Securities Act. 

  

 -6- 

 
As a consequence, the Investor understands that it must bear the economic risks of the investment in the Common Stock until such time as the Registration
Statement becomes effective. The Investor understands that the Investor may not at any time demand the purchase by the Company of the Investor’s Common Stock. 
 (iii) The Investor agrees: (A) that the Investor will not sell, assign, pledge, give, transfer or otherwise dispose of the Common
Stock or any interest therein, or make any offer or attempt to do any of the foregoing, except pursuant to a registration of the Common Stock under the Securities Act and all applicable state securities laws or in a transaction which is exempt from
the registration provisions of the Securities Act and all applicable state securities laws; (B) that the Company and any transfer agent for the Common Stock shall not be required to give effect to any purported transfer of any of the Common
Stock except upon compliance with the foregoing restrictions; and (C) that a legend in substantially the following form will be placed on the certificates representing the Common Stock: 
 THE SHARES OF COMMON STOCK REPRESENTED BY THIS CERTIFICATE HAVE BEEN TAKEN WITHOUT A VIEW TO THE DISTRIBUTION THEREOF WITHIN THE MEANING OF THE
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OR ANY STATE SECURITIES LAWS AND NEITHER THE COMMON STOCK NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, HYPOTHECATED,
ASSIGNED, TRANSFERRED OR OTHERWISE DISPOSED OF IN THE UNITED STATES OR TO U.S. PERSONS EXCEPT PURSUANT TO REGULATION S PROMULGATED UNDER THE SECURITIES ACT, AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT, OR AN EXEMPTION FROM
REGISTRATION UNDER SUCH SECURITIES ACT WHICH, IN THE OPINION OF COUNSEL FOR THE COMPANY, IS AVAILABLE. THE HOLDER AGREES NOT TO ENGAGE IN ANY SHORT SALES, HEDGING TRANSACTIONS OR OTHER SIMILAR TRANSACTIONS WITH REGARD TO THE COMMON STOCK OF THE
COMPANY UNLESS IN STRICT COMPLIANCE WITH THE SECURITIES ACT. 
 (iv) The Investor has not offered or sold any portion of
the Subscribed Stock and has no present intention of dividing such Common Stock with others or of reselling or otherwise disposing of any portion of such Common Stock either currently or after the passage of a fixed or determinable period of time or
upon the occurrence or nonoccurrence of any predetermined event or circumstance. 
  

 -7- 

 SECTION 4 
 4.1 Survival; Indemnification. All representations, warranties and covenants contained in this Agreement and the indemnification contained in this Section 4.1 shall survive (i) the acceptance of the
Agreement by the Company and the Closing, (ii) changes in the transactions, documents and instruments described in the Information which are not material or which are to the benefit of the Investor, and (iii) the merger, sale, bankruptcy,
insolvency or other change in the legal status of the Investor. The Investor acknowledges the meaning and legal consequences of the representations, warranties and covenants in Section 3 hereof and that the Company has relied upon such
representations, warranties and covenants in determining the Investor’s qualification and suitability to purchase the Common Stock. The Investor hereby agrees to indemnify, defend and hold harmless the Company, its officers, directors,
employees, agents and controlling persons, from and against any and all losses, claims, damages, liabilities, expenses (including attorneys’ fees and disbursements), judgments or amounts paid in settlement of actions arising out of or resulting
from the failure of any representation herein or the breach of any warranty or covenant herein. Notwithstanding the foregoing, however, no representation, warranty, covenant or acknowledgment made herein by the Investor shall in any manner be deemed
to constitute a waiver of any rights granted to it under the Securities Act or the securities laws of any state of the United States. 
 4.2
Modification. Neither this Agreement nor any provisions hereof shall be modified, discharged or terminated except by an instrument in writing signed by the party against whom any waiver, change, discharge or termination is sought. 

4.3 Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and
shall be deemed given and effective on the earliest of (a) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number specified in this Section 4.3 prior to 5:00 p.m. (Houston time) on a
business day, (b) the next business day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number specified in this Section on a day that is not a business day or later than 5:00 p.m.
(Houston time) on any business day, or (c) upon delivery, if sent by an internationally recognized courier service. The addresses for such notices and communications shall be as follows: 
 if to the Investor, addressed as specified in Exhibit “A”; and 
 if to the Company, addressed to: 
 Transmeridian Exploration Incorporated 
 397 N. Sam Houston Pkwy E, Suite 300 
 Houston, Texas 77060 
 Attention: Chief Financial Officer 
 Facsimile No.: 281-999-9094 
  

 -8- 

 or to such other address or addresses or facsimile number or numbers as any such party may most recently have designated
in writing to the other parties hereto by such notice. 
 4.4 Counterparts. This Agreement may be executed through the use of separate
signature pages or in any number of counterparts, and each of such counterparts shall, for all purposes, constitute one agreement binding on all the parties, notwithstanding that all parties are not signatories to the same counterpart. 

4.5 Binding Effect. Except as otherwise provided herein, this Agreement shall be binding upon and inure to the benefit of the parties and their
heirs, executors, administrators, successors, legal representatives and assigns. If the Investor is more than one person, the obligation of the Investor shall be joint and several and the agreements, representations, warranties and acknowledgments
herein contained shall be deemed to be made by and be binding upon each such person and its heirs, executors, administrators and successors. 
 4.6 Entire Agreement. This instrument contains the entire agreement of the parties, and there are no representations, covenants or other agreements except as stated or referred to herein. 
 4.7 Assignability. This Agreement is not transferable or assignable by the Investor except as may be provided herein. 
 4.8 Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas. 
 IN WITNESS WHEREOF, the undersigned have executed this Agreement effective as of the date first written above. 
  

			
	TRANSMERIDIAN EXPLORATION INCORPORATED
		
	By:	 	  

		 	Earl W. McNiel
		 	Vice President and Chief Financial Officer
	
	INVESTOR:
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 -9- 

 Exhibit “A” 
 Subscription Details, Investor Information and Signature Page 
 Subscription Agreement and
Investment Representation 
 Dated April     , 2007 
  

							
	 Name of Investor:
	 	  
	 		 	
				
	 Number of Shares:
	 	  
	 		 	
				
	 Price per Share:
	 	  
	 		 	
				
	 Total Consideration:
	 	  
	 		 	
				
	 Signature:
	 	  
	 		 	
				
	 Title or Capacity:
	 	  
	 		 	
				
	 Address:
	 	  
	 		 	
		 	  
	 		 	
		 	  
	 		 	
				
	 Telephone #:
	 	  
	 		 	
				
	 Fax #:
	 	  
	 		 	
				
	 Citizenship:
	 	  
	 		 	
				
	 Primary Residence:
	 	  
	 		 	

  

							
	Agreed and Accepted:	  		  	
		
	TRANSMERIDIAN EXPLORATION INCORPORATED	  	
				
	By:	  	  
	  		  	
		  	Earl W. McNiel	  		  	
		  	Vice President and Chief Financial Officer	  	

  

 -10-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}]]