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                                                                  EXHIBIT 10.24

NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE UPON ITS EXERCISE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), OR ANY APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE
OFFERED, SOLD, OR OTHERWISE TRANSFERRED, PLEDGED, OR HYPOTHECATED UNLESS (I)
PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT OR (II) IN COMPLIANCE WITH AN
EXEMPTION THEREFROM AND ACCOMPANIED, IF REQUESTED BY CONTINENTAL SOUTHERN
RESOURCES, INC., WITH AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE
COMPANY THAT SUCH TRANSFER IS IN COMPLIANCE WITH AN EXEMPTION THEREFROM.

             THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUED UPON
                 ITS EXERCISE ARE SUBJECT TO THE RESTRICTIONS ON
                TRANSFER SET FORTH IN ARTICLE II OF THIS WARRANT

Warrant No. __-____                                   Number of Shares: 700,000
                                                      (subject to adjustment)

Date of Issuance: February 26, 2004

                      CONTINENTAL SOUTHERN RESOURCES, INC.

                          COMMON STOCK PURCHASE WARRANT

         THIS IS TO CERTIFY THAT, for value received, SANDERS MORRIS HARRIS
INC., a Texas corporation (the "Registered Holder"), or its permitted assigns,
is entitled to purchase from CONTINENTAL SOUTHERN RESOURCES, INC., a Nevada
corporation (the "Company"), at the place where the Warrant Office designated
pursuant to Section 2.1 is located, at a purchase price per share of $2.00 (as
adjusted pursuant to the terms of this Warrant, the "Exercise Price"), 700, 000
shares of duly authorized, validly issued, fully paid and nonassessable shares
of Common Stock, $0.001 par value per share, of the Company, and is entitled
also to exercise the other appurtenant rights, powers and privileges hereinafter
set forth. The number of shares of the Common Stock purchasable hereunder and
the Exercise Price are subject to adjustment in accordance with Article III
hereof. This Warrant shall expire at 5:00 p.m., Los Angeles time, on February
26, 2009.

         Certain Terms used in this Warrant are defined in Article IV.

                                    ARTICLE I

                               Exercise of Warrant

         1.1 Method of Exercise. This Warrant may be exercised by the Registered
Holder as a whole or in part from time to time until February 26, 2009, at which
time this Warrant shall expire and be of no further force or effect; provided,
however, that the minimum number of Warrant Shares that may be purchased on a
single exercise shall be 50,000 or the entire number

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of shares remaining available for exercise hereunder, whichever is less. To
exercise this Warrant, the Registered Holder or permitted assignees of all
rights of the Registered Holder shall deliver to the Company, at the Warrant
Office designated in Section 2.1(a), a written notice in the form of the
Purchase Form attached as Exhibit A hereto, stating therein the election of the
Registered Holder or such permitted assignees of the Registered Holder to
exercise this Warrant in the manner provided in the Purchase Form, (b) payment
in full of the Exercise Price (in the manner described below) for all Warrant
Shares purchased hereunder, and (c) this Warrant. Subject to compliance with
Section 3.1(a)(vi), this Warrant shall be deemed to be exercised on the date of
receipt by the Company of the Purchase Form, accompanied by payment for the
Warrant Shares to be purchased and surrender of this Warrant, as aforesaid, and
such date is referred to herein as the "Exercise Date." Upon such exercise
(subject as aforesaid), the Company shall issue and deliver to the Registered
Holder a certificate for the full number of the Warrant Shares purchasable by
the Registered Holder hereunder, against the receipt by the Company of the total
Exercise Price payable hereunder for all such Warrant Shares, (a) in cash or by
certified or cashier's check or (b) if the Common Stock is registered under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), by
surrendering Warrant Shares having a Current Market Price equal to the Exercise
Price for all the Warrant Shares so purchased. The Person in whose name the
certificate(s) for Common Stock is to be issued shall be deemed to have become a
holder of record of such Common Stock on the Exercise Date.

         1.2 Net Exercise. Notwithstanding any provisions herein to the
contrary, if the Common Stock is registered under the Exchange Act, and the
Current Market Price of one share of Common Stock is greater than the Exercise
Price (at the date of calculation as set forth below), in lieu of exercising
this Warrant by payment of cash, the Registered Holder may elect to receive
Warrant Shares equal to the value (as determined below) of this Warrant (or the
portion thereof being canceled) by surrender of this Warrant at the Warrant
Office together with the properly endorsed Purchase Form in which event the
Company shall issue the Registered Holder a number of shares of Common Stock
computed as follows:

                                   X = Y(A-B)
                                       ------
                                          A

Where:            X =      the number of shares of Common Stock to be issued to
                           the Registered Holder.
                  Y =      the number of shares of Common Stock purchasable
                           under the  Warrant  or, if only a portion of the
                           Warrant is being exercised, the portion of the
                           Warrant being canceled (at the date of such
                           calculation)
                  A =      the Current Market Price of one share of Common Stock
                           (at the date of such calculation)
                  B =      Exercise Price (as adjusted to the date of such
                           calculation)

         1.3 Fractional Shares. No fractional shares of Common Stock shall be
issued upon exercise of this Warrant. Instead of any fractional shares of Common
Stock that would otherwise be issuable upon exercise of this Warrant, the
Company shall pay a cash adjustment in respect of such fractional interest equal
to the fair market value of such fractional interest as determined in good faith
by the Board of Directors.

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         1.4 Termination. Notwithstanding any other provision of this Warrant,
the right to exercise this Warrant shall terminate upon the first to occur of
(a) at the close of business on February 26, 2009.

                                   ARTICLE II

                            Warrant Office; Transfer

         2.1 Warrant Office. The Company shall maintain an office for certain
purposes specified herein (the "Warrant Office"), which office shall initially
be the Company's office at 111 Presidential Boulevard, Suite 158A, Bala Cynwyd,
Pennsylvania 19004, and may subsequently be such other office of the Company or
of any transfer agent of the Common Stock in the continental United States of
which written notice has previously been given to the Registered Holder. The
Company shall maintain, at the Warrant Office, a register for the Warrant in
which the Company shall record the name and address of the Registered Holder, as
well as the name and address of each permitted assignee of the rights of the
Registered Holder.

         2.2 Ownership of Warrant. The Company may deem and treat the Registered
Holder as the holder and owner hereof (notwithstanding any notations of
ownership or writing hereon made by anyone other than the Company) for all
purposes and shall not be affected by any notice to the contrary, until
presentation of this Warrant for registration of transfer as provided in this
Article II.

         2.3 Transfer of Warrants. The Company agrees to maintain at the Warrant
Office books for the registration and transfer of this Warrant. This Warrant may
be transferred in whole or in part only in compliance with the applicable law
and only to shareholders, officers, and employees of Sanders Morris Harris Inc.
or to any person who succeeds to all of the assets of Sanders Morris Harris Inc.
The Company, from time to time, shall register the transfer of this Warrant in
such books upon surrender of this Warrant at the Warrant Office, properly
endorsed, together with a written assignment of this Warrant, substantially in
the form of the Assignment attached as Exhibit B hereto. Upon any such transfer,
a new Warrant shall be issued to the transferee, and the Company shall cancel
the surrendered Warrant. The Registered Holder shall pay all taxes and all other
expenses and charges payable in connection with the transfer of Warrants
pursuant to this Section 2.3.

         2.4 Registration Rights. The Company agrees (a) that the Warrant Shares
shall be "Registrable Securities" under the Registration Rights Agreement (the
"Registration Rights Agreement") between the Company and the purchasers of
shares of Common Stock of the Company issued and sold pursuant to the terms of
the Placement Agent Agreement dated as of January 23, 2004, between the Company
and Sanders Morris Harris Inc. and (b) that the Registered Holder shall have the
rights and obligations of a Holder set forth on the Registration Rights
Agreement.

         2.5 No Rights as Shareholder Until Exercise. This Warrant does not
entitle the Registered Holder to any voting rights or other rights as a
shareholder of the Company prior to the exercise hereof. Upon the surrender of
this Warrant and the payment of the aggregate

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Exercise Price, the Warrant Shares so purchased shall be and be deemed to be
issued to the Registered Holder as the record owner of such shares as of the
close of business on the later of the date of such surrender or payment.

         2.6 Expenses of Delivery of Warrants. Except as provided in Section 2.3
above, the Company shall pay all reasonable expenses, taxes (other than transfer
taxes) and other charges payable in connection with the preparation, issuance
and delivery of Warrants and related Warrant Shares hereunder.

         2.7 Compliance with Securities Laws. The Registered Holder (and its
transferees and assigns), by acceptance of this Warrant, covenants and agrees
that such Registered Holder is acquiring the Warrants evidenced hereby, and,
upon exercise hereof, the Warrant Shares, for its own account as an investment
and not with a view to distribution thereof. Neither this Warrant nor the
Warrant Shares issuable hereunder have been registered under the Securities Act
or any state securities laws and no transfer of this Warrant or any Warrant
Shares shall be permitted unless the Company has received notice of such
transfer in the form of the assignment attached hereto as Exhibit B,
accompanied, if requested by the Company, by an opinion of counsel reasonably
satisfactory to the Company that an exemption from registration of such Warrant
or Warrant Shares under the Securities Act is available for such transfer,
except that no such opinion shall be required after the registration for resale
of the Warrant Shares has become effective. Upon any exercise of the Warrants
prior to effective registration for resale or except as in accordance with Rule
144 under the Securities Act, certificates representing the Warrant Shares shall
bear a restrictive legend substantially identical to that set forth as follows:

         "The securities represented by this certificate have not been
         registered under the Securities Act of 1933, as amended, or the
         securities laws of any state (collectively, the "Acts"). Neither the
         shares nor any interest therein may be offered, sold, transferred,
         pledged, or otherwise disposed of in the absence of an effective
         registration statement with respect to the shares under all of the
         applicable Acts, or an opinion of counsel satisfactory to Tarrant
         Apparel Group to the effect that such registrations are not required."

         (c) Any purported transfer of the Warrant or Warrant Shares not in
compliance with the provisions of this section shall be null and void. Stop
transfer instructions have been or will be imposed with respect to the Warrant
Shares so as to restrict resale or other transfer thereof, subject to this
Section 2.7.

                                   ARTICLE III

                            Anti-Dilution Provisions

         3.1 Adjustment of Exercise Price and Number of Warrant Shares. The
Exercise Price shall be subject to adjustment from time to time as hereinafter
provided in this Article III. Upon each adjustment of the Exercise Price, except
pursuant to Sections 3.1(a)(iii), (iv), and (v), the Registered Holder shall
thereafter be entitled to purchase, at the Exercise Price resulting from such
adjustment, the number of shares of the Common Stock obtained by multiplying the
Exercise Price in effect immediately prior to such adjustment by the number of
shares of the

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 Common Stock purchasable pursuant hereto immediately prior to such
adjustment and dividing the product thereof by the Exercise Price resulting from
such adjustment.

         (a) Exercise Price Adjustments. The Exercise Price shall be subject to
adjustment from time to time as follows:

                  (i) Adjustment for Stock Splits and Combinations. If the
         Company shall, at any time or from time to time after the date hereof
         (the "Original Issue Date") while this Warrant remains outstanding,
         effect a subdivision of the outstanding Common Stock, the Exercise
         Price in effect immediately before such subdivision shall be
         proportionately decreased. Conversely, if the Company shall at any time
         or from time to time after the Original Issue Date combine the
         outstanding shares of Common Stock into a smaller number of shares, the
         Exercise Price in effect immediately before such combination shall be
         proportionately increased. Any adjustment under this Section 3.1(a)(i)
         shall become effective at the close of business on the date the
         subdivision or combination becomes effective.

                  (ii) Adjustment for Common Stock Dividends and Distributions.
         If the Company, at any time or from time to time after the Original
         Issue Date while this Warrant remains outstanding makes, or fixes a
         record date for the determination of holders of Common Stock entitled
         to receive, a dividend or other distribution payable in additional
         shares of Common Stock, in each such event the Exercise Price that is
         then in effect shall be decreased as of the time of such issuance or,
         in the event such record date is fixed, as of the close of business on
         such record date, by multiplying the Exercise Price then in effect by a
         fraction (i) the numerator of which is the total number of shares of
         Common Stock issued and outstanding immediately prior to the time of
         such issuance or the close of business on such record date, and (ii)
         the denominator of which is the total number of shares of Common Stock
         issued and outstanding immediately prior to the time of such issuance
         or the close of business on such record date plus the number of shares
         of Common Stock issuable in payment of such dividend or distribution;
         provided, however, that if such record date is fixed and such dividend
         is not fully paid or if such distribution is not fully made on the date
         fixed therefor, the Exercise Price shall be recomputed accordingly as
         of the close of business on such record date, and thereafter the
         Exercise Price shall be adjusted pursuant to this Section 3.1(a)(ii) to
         reflect the actual payment of such dividend or distribution.

                  (iii) Adjustment for Reclassification, Exchange and
         Substitution. If at any time or from time to time after the Original
         Issue Date while this Warrant remains outstanding, the Common Stock is
         changed into the same or a different number of shares of any class or
         classes of stock, whether by recapitalization, reclassification or
         otherwise (other than an Acquisition, Asset Transfer, subdivision or
         combination of shares, stock dividend, reorganization, merger,
         consolidation, or sale of assets provided for elsewhere in this Section
         3.1(a)), in any such event the Registered Holder shall have the right
         thereafter to convert such stock into the kind and amount of stock and
         other securities and property receivable upon such recapitalization,
         reclassification or other change by holders of the maximum number of
         shares of Common Stock into which such shares of Common Stock could
         have been converted immediately prior to such recapitalization,

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         reclassification or change, all subject to further adjustment as
         provided herein or with respect to such other securities or property by
         the terms thereof.

                  (iv) Reorganizations, Mergers, Consolidations or Sales of
         Assets. If at any time or from time to time after the Original Issue
         Date while this Warrant remains outstanding, there is a capital
         reorganization of the Common Stock (other than an Acquisition, Asset
         Transfer, recapitalization, or subdivision, combination,
         reclassification, exchange, or substitution of shares provided for
         elsewhere in this Section 3.1(a)), as a part of such capital
         reorganization, provision shall be made so that the Registered Holder
         shall thereafter be entitled to receive upon exercise hereof the number
         of shares of stock or other securities or property of the Company to
         which a holder of the number of shares of Common Stock deliverable upon
         exercise immediately prior to such event would have been entitled as a
         result of such capital reorganization, subject to adjustment in respect
         of such stock or securities by the terms thereof. In any such case,
         appropriate adjustment shall be made in the application of the
         provisions of this Section 3.1(a) with respect to the rights of the
         Registered Holder after the capital reorganization to the end that the
         provisions of this Section 3.1(a) (including adjustment of the Exercise
         Price then in effect and the number of shares issuable upon exercise)
         shall be applicable after that event and be as nearly equivalent as
         practicable.

                  (v) Rounding of Calculations; Minimum Adjustment. All
         calculations under this Section 3.1(a) and under Section 3.1(b) shall
         be made to the nearest cent. Any provision of this Section 3.1 to the
         contrary notwithstanding, no adjustment in the Exercise Price shall be
         made if the amount of such adjustment would be less than one percent,
         but any such amount shall be carried forward and an adjustment with
         respect thereto shall be made at the time of and together with any
         subsequent adjustment which, together with such amount and any other
         amount or amounts so carried forward, shall aggregate one percent or
         more.

                  (vi) Timing of Issuance of Additional Common Stock Upon
         Certain Adjustments. In any case in which the provisions of this
         Section 3.1(a) shall require that an adjustment shall become effective
         immediately after a record date for an event, the Company may defer
         until the occurrence of such event issuing to the Registered Holder
         after such record date and before the occurrence of such event the
         additional shares of Common Stock or other property issuable or
         deliverable upon exercise by reason of the adjustment required by such
         event over and above the shares of Common Stock or other property
         issuable or deliverable upon such exercise before giving effect to such
         adjustment; provided, however, that the Company upon request shall
         deliver to such Registered Holder a due bill or other appropriate
         instrument evidencing such Registered Holder's right to receive such
         additional shares or other property, and such cash, upon the occurrence
         of the event requiring such adjustment.

                  (vii) Voluntary Adjustment by the Company. The Company may at
         any time during the term of this Warrant, reduce the then current
         Exercise Price to any amount and for any period of time deemed
         appropriate by the Board of Directors, in its sole discretion, of the
         Company.

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         (b) Current Market Price. The "Current Market Price" shall mean, as of
any date, 5% of the sum of the average, for each of the 20 consecutive Trading
Days immediately prior to such date, of either: (i) the high and low sales
prices of the Common Stock on such Trading Day as reported on the composite tape
for the principal national securities exchange on which the Common Stock may
then be listed, or (ii) if the Common Stock shall not be so listed on any such
Trading Day, the high and low sales prices of Common Stock in the
over-the-counter market as reported by the Nasdaq Stock Market for National
Market Securities, or (iii) if the Common Shares shall not be included in the
Nasdaq Stock Market as a National Market Security on any such Trading Day, the
representative bid and asked prices at the end of such Trading Day in such
market as reported by the Nasdaq Stock Market or (iv) if there be no such
representative prices reported by the Nasdaq Stock Market, the lowest bid and
highest asked prices at the end of such Trading Day in the over-the-counter
market as reported by the OTC Electronic Bulletin Board or National Quotation
Bureau, Inc., or any successor organization. For purposes of determining Current
Market Price, the term "Trading Day" shall mean a day on which an amount greater
than zero can be calculated with respect to the Common Stock under any one or
more of the foregoing categories (i), (ii), (iii) and (iv), and the "end"
thereof, for the purposes of categories (iii) and (iv), shall mean the exact
time at which trading shall end on the New York Stock Exchange. If the Current
Market Price cannot be determined under any of the foregoing methods, Current
Market Price shall mean the fair value per share of Common Stock on such date as
determined by the Board of Directors in good faith, irrespective of any
accounting treatment.

         (c) Statement Regarding Adjustments. Whenever the Exercise Price shall
be adjusted as provided in Section 3.1(a), and upon each change in the number of
shares of the Common Stock issuable upon exercise of this Warrant, the Company
shall forthwith file, at the office of any transfer agent for this Warrant and
at the principal office of the Company, a statement showing in detail the facts
requiring such adjustment and the Exercise Price and new number of shares
issuable that shall be in effect after such adjustment, and the Company shall
also cause a copy of such statement to be given to the Registered Holder. Each
such statement shall be signed by the Company's chief financial or accounting
officer. Where appropriate, such copy may be given in advance and may be
included as part of a notice required to be mailed under the provisions of
Section 3.1(d).

         (d) Notice to Holders. In the event the Company shall propose to take
any action of the type described in clause (iii) or (iv) of Section 3.1(a), the
Company shall give notice to the Registered Holder, in the manner set forth in
Section 6.6, which notice shall specify the record date, if any, with respect to
any such action and the approximate date on which such action is to take place.
Such notice shall also set forth such facts with respect thereto as shall be
reasonably necessary to indicate the effect of such action (to the extent such
effect may be known at the date of such notice) on the Exercise Price and the
number, kind or class of shares or other securities or property which shall be
deliverable upon exercise of this Warrant. In the case of any action which would
require the fixing of a record date, such notice shall be given at least 10 days
prior to the date so fixed, and in case of all other action, such notice shall
be given at least 15 days prior to the taking of such proposed action. Failure
to give such notice, or any defect therein, shall not affect the legality or
validity of any such action.

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         (e) Treasury Stock. For the purposes of this Section 3.1, the sale or
other disposition of any Common Stock of the Company theretofore held in its
treasury shall be deemed to be an issuance thereof.

         3.2 Costs. The Registered Holder shall pay all documentary, stamp,
transfer or other transactional taxes attributable to the issuance or delivery
of the Warrant Shares upon exercise of this Warrant. Additionally, the Company
shall not be required to pay any taxes which may be payable in respect of any
transfer involved in the issuance or delivery of any certificate for such
Warrant Shares. The Registered Holder shall reimburse the Company for any such
taxes assessed against the Company.

         3.3 Reservations of Shares. The Company shall reserve at all times so
long as this Warrant remains outstanding, free from preemptive rights, out of
its treasury Common Stock or its authorized but unissued shares of Common Stock,
or both, solely for the purpose of effecting the exercise of this Warrant,
sufficient shares of Common Stock to provide for the exercise hereof.

         3.4 Valid Issuance. All shares of Common Stock which may be issued upon
exercise of this Warrant will upon issuance by the Company be duly and validly
issued, fully paid and nonassessable and free from all taxes, liens and charges
with respect to the issuance thereof attributable to any act or omission by the
Company, and the Company shall take no action which will cause a contrary result
(including without limitation, any action which would cause the Exercise Price
to be less than the par value, if any, of the Common Stock).

                                   ARTICLE IV

                                  Terms Defined

         As used in this Warrant, unless the context otherwise requires, the
following terms have the respective meanings set forth below or in the Section
indicated:

         Board of Directors means the Board of Directors of the Company.

         Common Stock means the Company's authorized Common Stock, $0.001 par
value per share.

         Company means Continental Southern Resources, Inc., a Nevada
corporation, and any other corporation assuming or required to assume the
obligations undertaken in connection with this Warrant.

         Current Market Price is defined in Section 3.1(b).

         Exchange Act is defined in Section 1.1.

         Exercise Date is defined in Section 1.1.

         Exercise Price is defined in the Preamble.

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         Original Issue Date is defined in Section 3.1(a)(i).

         Outstanding means when used with reference to Common Stock at any date,
all issued shares of Common Stock (including, but without duplication, shares
deemed issued pursuant to Article III) at such date, except shares then held in
the treasury of the Company.

         Person means any individual, corporation, partnership, trust,
organization, association or other entity.

         Registered Holder is defined in the Preamble.

         Securities Act means the Securities Act of 1933 and the rules and
regulations promulgated thereunder, all as the same shall be in effect at the
time.

         Trading Day is defined in Section 3.1(b).

         Warrant means this Warrant and any successor or replacement Warrant
delivered in accordance with Section 2.3 or 6.8.

         Warrant Office is defined in Section 2.1.

         Warrant Shares means the shares of Common Stock purchased or
purchasable by the Registered Holder, or the permitted assignees of such
Registered Holder, upon exercise of this Warrant pursuant to Article I hereof.

                                    ARTICLE V

                             Covenant of the Company

         The Company covenants and agrees that this Warrant shall be binding
upon any corporation succeeding to the Company by merger, consolidation, or
acquisition of all or substantially all of the Company's assets.

                                   ARTICLE VI

                                  Miscellaneous

         6.1 Entire Agreement. This Warrant and the Registration Rights
Agreement contain the entire agreement between the Registered Holder and the
Company with respect to the Warrant Shares that it can purchase upon exercise
hereof and the related transactions and supersedes all prior arrangements or
understanding with respect thereto.

         6.2 Governing Law. This Warrant shall be governed by and construed in
accordance with the internal laws of the State of Texas, without regard to its
conflict of law provisions.

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         6.3 Waiver and Amendment. Any term or provision of this Warrant may be
waived at any time by the party which is entitled to the benefits thereof, and
any term or provision of this Warrant may be amended or supplemented at any time
by the written consent of the parties (it being agreed that an amendment to or
waiver under any of the provisions of Article III of this Warrant shall not be
considered an amendment of the number of Warrant Shares or the Exercise Price).
No waiver by any party of any default, misrepresentation, or breach of warranty
or covenant hereunder, whether intentional or not, shall be deemed to extend to
any prior or subsequent default, misrepresentation, or breach of warranty or
covenant hereunder or affect in any way any rights arising because of any prior
or subsequent such occurrence.

         6.4 Illegality. In the event that any one or more of the provisions
contained in this Warrant shall be determined to be invalid, illegal or
unenforceable in any respect for any reason, the validity, legality and
enforceability of any such provision in any other respect and the remaining
provisions of this Warrant shall not, at the election of the party for whom the
benefit of the provision exists, be in any way impaired.

         6.5 Copy of Warrant. A copy of this Warrant shall be filed among the
records of the Company.

         6.6 Notice. Any notice or other document required or permitted to be
given or delivered to the Registered Holder shall be delivered at, or sent by
certified or registered mail to such Registered Holder at, the last address
shown on the books of the Company maintained at the Warrant Office for the
registration of this Warrant or at any more recent address of which the
Registered Holder shall have notified the Company in writing. Any notice or
other document required or permitted to be given or delivered to the Company,
other than such notice or documents required to be delivered to the Warrant
Office, shall be delivered at, or sent by certified or registered mail to, the
office of the Company at 111 Presidential Boulevard, Suite 158A, Bala Cynwyd,
Pennsylvania 19004 or any other address within the continental United States of
America as shall have been designated in writing by the Company delivered to the
Registered Holder.

         6.7 Limitation of Liability; Not Stockholders. Subject to the
provisions of Article III, until the exercise of this Warrant, the Registered
Holder shall not have or exercise any rights by virtue hereof as a stockholder
of the Company, including, without limitation, the right to vote, to receive
dividends and other distributions, or to receive notice of, or attend meetings
of stockholders or any other proceedings of the Company. Until the exercise of
this Warrant, no provision hereof, and no mere enumeration herein of the rights
or privileges of the Registered Holder, shall give rise to any liability of such
Registered Holder for the purchase price of any shares of Common Stock or as a
stockholder of the Company, whether such liability is asserted by the Company or
by creditors of the Company.

         6.8 Exchange, Loss, Destruction, etc. of Warrant. Upon receipt of
evidence satisfactory to the Company (an affidavit of the Registered Holder
shall be satisfactory evidence) of the loss, theft, mutilation or destruction of
this Warrant, and, in the case of any such loss, theft or destruction, upon
delivery of a bond of indemnity in such form and amount as shall be reasonably
satisfactory to the Company, or, in the event of such mutilation upon surrender
and cancellation of this Warrant, the Company will make and deliver a new
Warrant of like tenor, in

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lieu of such lost, stolen, destroyed or mutilated Warrant; provided, however,
that the original Registered Holder of this Warrant shall not be required to
provide any such bond of indemnity and may in lieu thereof provide his agreement
of indemnity. Any Warrant issued under the provisions of this Section 6.8 in
lieu of any Warrant alleged to be lost, destroyed or stolen, or in lieu of any
mutilated Warrant, shall constitute an original contractual obligation on the
part of the Company. This Warrant shall be promptly canceled by the Company upon
the surrender hereof in connection with any exchange or replacement. The
Registered Holder of this Warrant shall pay all taxes (including securities
transfer taxes) and all other expenses and charges payable in connection with
the preparation, execution and delivery of replacement Warrant(s) pursuant to
this Section 6.8.

         6.9 Headings. The Article and Section and other headings herein are for
convenience only and are not a part of this Warrant and shall not affect the
interpretation thereof.

         6.10 Successors and Assigns. Subject to applicable securities laws,
this Warrant and the rights and obligations evidenced hereby shall inure to the
benefit of and be binding upon the successors of the Company and the successors
and permitted assigns of Registered Holder. The provisions of this Warrant are
intended to be for the benefit of all Registered Holders from time to time of
this Warrant and shall be enforceable by any such Registered Holder or holder of
Warrant Shares.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed in
its name.

         Dated: February 26, 2004

                                          CONTINENTAL SOUTHERN RESPURCES, INC.

                                          By:  /s/ STEPHEN P. HARRINGTON
                                               --------------------------------
                                          Name:  Stephen P, Harrington
                                                 ------------------------------
                                          Title: President
                                                 ------------------------------

                                       11

<PAGE>

                                    Exhibit A

                                  PURCHASE FORM

To:   Continental Southern Resources, Inc.              Dated:__________, 200__
      111 Presidential Boulevard, Suite 158A
      Bala Cynwyd, Pennsylvania 19004

         The undersigned, pursuant to the provisions set forth in the attached
Warrant (No. ____), hereby irrevocably elects to purchase ________ shares of the
Common Stock covered by such Warrant.

         The undersigned herewith makes payment of the full exercise price for
such shares at the price per share provided for in such Warrant, which is $_____
per share in lawful money of the United States.

                                          [________________________________]

                                           ________________________________
                                           Name:___________________________
                                           Title:__________________________

                                       12

<PAGE>

                                    Exhibit B

                                   ASSIGNMENT

 For value received, _____________________________, hereby sells, assigns and
transfers unto _______________________________ the within Warrant, together with
all right, title and interest therein and does hereby irrevocably constitute and
appoint attorney, to transfer said Warrant on the books of the Company, with
full power of substitution.

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

Dated: ___________________, 200_

                                       13<PAGE>
                                                                  EXHIBIT 10.25

                      CONTINENTAL SOUTHERN RESOURCES, INC.

                          SECURITIES PURCHASE AGREEMENT

                                  COMMON STOCK

                                February 4, 2004

                                  CONFIDENTIAL

<PAGE>

                               NOTICE TO OFFEREES

         THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR QUALIFIED UNDER THE
APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. THIS SECURITIES
PURCHASE AGREEMENT AND THE OTHER OFFERING DOCUMENTS DO NOT CONSTITUTE AN OFFER
TO SELL OR SOLICITATION OF AN OFFER TO BUY THE SECURITIES IN ANY JURISDICTION IN
WHICH SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

         THE SECURITIES ARE BEING SOLD FOR INVESTMENT PURPOSES ONLY, WITHOUT A
VIEW TO RESALE OR DISTRIBUTION THEREOF, AND MAY NOT BE TRANSFERRED, RESOLD OR
OFFERED FOR RESALE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER
THE SECURITIES ACT AND EFFECTIVE REGISTRATION OR QUALIFICATION UNDER THE
APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, OR THE
AVAILABILITY OF AN EXEMPTION THEREFROM.

         NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR THE SECURITIES
COMMISSION OR OTHER REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION HAS
APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ADEQUACY OR
ACCURACY OF THIS SECURITIES PURCHASE AGREEMENT OR ANY OF THE OTHER OFFERING
DOCUMENTS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

<PAGE>

CONFIDENTIAL

                          SECURITIES PURCHASE AGREEMENT

         THIS SECURITIES PURCHASE AGREEMENT (this "Agreement"), dated February
4, 2004, by and between CONTINENTAL SOUTHERN RESOURCES, INC., a Nevada
corporation (the "Company"), and the purchaser or purchasers identified on the
signature page hereof ("Purchaser").

                                R E C I T A L S:

         WHEREAS, Purchaser desires to purchase and the Company desires to sell
shares of the Company's common stock on the terms and conditions set forth
herein.

         NOW, THEREFORE, in consideration of the premises hereof and the
agreements set forth herein below, the parties hereto hereby agree as follows:

         1.   The Offering.

              (a) Private Offering. The securities offered by this Agreement are
being offered in a private offering (the "Offering") of up to 100,000 shares
("Shares") of the Company's common stock, $.001 par value per share ("Common
Stock"). The Shares will be sold on a reasonable "best efforts" basis at a
purchase price of $2.00 per Share pursuant to Section 4(2) of the Securities Act
of 1933, as amended (the "Securities Act"), and Rule 506 of Regulation D
thereunder. The Shares are being offered solely to a limited number of
"accredited investors" as that term is defined in Rule 501(a) of the Securities
Act during an offering period commencing February 4, 2004, and terminating at
the sole discretion of the Company.

              (b) Use of Proceeds. Assuming all of the Shares in the Offering
are sold, the net proceeds to the Company are estimated to be approximately
$200,000 (after deducting offering expenses payable by the Company estimated at
$10,000. The Company intends to use the net proceeds for general working capital
purposes and other general corporate purposes.

              (c) Placement and Finder's Fees. The Company reserves the right to
pay placement or finder's fees in connection with the sale of the Shares in an
amount of up to five percent (5%) of the Purchase Price of such Shares.

         2.   Sale and Purchase of Shares.

              (a) Sale and Purchase of Shares. Subject to the terms and
conditions hereof, the Company agrees to sell, and Purchaser agrees to purchase,
the number of Shares specified on the signature page of this Agreement at a
purchase price of $2.00 per Share. The aggregate purchase price for the Share
shall be as set forth on the signature page hereto (the "Purchase Price") and
shall be payable upon execution hereof by check or wire transfer of immediately
available funds.

                                       1

<PAGE>

(b) Subscription Procedure. In order to purchase Shares, Purchaser shall deliver
to the Company, at its principal executive office identified in Section 16
hereof: (i) one completed and duly executed copy of this Agreement; and (ii)
immediately available funds in an amount equal to the Purchase Price. Execution
and delivery of this Agreement shall constitute an irrevocable subscription for
that number of Shares set forth on the signature page hereto. Payment for the
Shares may be made by wire transfer to:

                    Sovereign Bank
                    Wyomissing, PA.
                    ABA#231372691
                    For the account of: Continental Southern Resources, Inc.
                    Acct.#236 102 5973

or by check made payable to Continental Southern Resources, Inc. This Agreement
may be rejected by the Company, in whole or in part, in its sole discretion, in
which event the Purchase Price will be returned (by mail) to Purchaser within
ten (10) business days thereafter. Unless the Offering is otherwise terminated
by the Company, as soon as possible after the receipt and acceptance by the
Company of this Agreement and collection of the funds paid therefor, the Company
will issue certificates for the Shares to Purchaser, together with a copy of
Purchaser's executed Agreement countersigned by the Company.

              (c) Closing.

              (i) Closing Date. The closing of the transactions (the "Closing")
shall take place at such time, on such date and in such manner as the parties
may agree.

              (ii) Closing Transactions. At the Closing, the Company shall
execute and deliver to Purchaser a certificate representing the number of Shares
specified on the signature page of this Agreement, against payment of the
Purchase Price specified on the signature page of this Agreement by wire
transfer or check payable to the Company.

         3.   Representations and Warranties of Purchaser. Purchaser represents
and warrants to the Company as follows:

              (a) Organization and Qualification.

              (i) If Purchaser is an entity, Purchaser is duly organized,
validly existing and in good standing under the laws of its jurisdiction of
organization, with the corporate or other entity power and authority to own and
operate its business as presently conducted, except where the failure to be or
have any of the foregoing would not have a material adverse effect on Purchaser,
and Purchaser is duly qualified as a foreign corporation or other entity to do
business and is in good standing in each jurisdiction where the character of its
properties owned or held under lease or the nature of their activities makes
such qualification necessary, except for such failures to be so qualified or in
good standing as would not have a material adverse effect on it.

                                       2

<PAGE>

              (ii) If Purchaser is an entity, the address of its principal place
of business is as set forth on the signature page hereto, and if Purchaser is an
individual, the address of its principal residence is as set forth on the
signature page hereto.

              (b) Authority; Validity and Effect of Agreement.

              (i) If Purchaser is an entity, Purchaser has the requisite
corporate or other entity power and authority to execute and deliver this
Agreement and perform its obligations under this Agreement. The execution and
delivery of this Agreement by Purchaser, the performance by Purchaser of its
obligations hereunder and all other necessary corporate or other entity action
on the part of Purchaser have been duly authorized by its Boards of Directors or
similar governing body, and no other corporate or other entity proceedings on
the part of Purchaser is necessary for Purchaser to execute and deliver this
Agreement and perform its obligations hereunder.

              (ii) This Agreement has been duly and validly authorized, executed
and delivered by Purchaser and, assuming it has been duly and validly executed
and delivered by the Company, constitutes a legal, valid and binding obligation
of Purchaser, in accordance with its terms.

              (c) No Conflict; Required Filings and Consents. Neither the
execution and delivery of this Agreement by Purchaser nor the performance by
Purchaser of its obligations hereunder will: (i) if Purchaser is an entity,
conflict with Purchaser's Articles of Incorporation or Bylaws, or other similar
organizational documents; (ii) violate any statute, law, ordinance, rule or
regulation, applicable to Purchaser or any of the properties or assets of
Purchaser; or (iii) violate, breach, be in conflict with or constitute a default
(or an event which, with notice or lapse of time or both, would constitute a
default) under, or permit the termination of any provision of, or result in the
termination of, the acceleration of the maturity of, or the acceleration of the
performance of any obligation of Purchaser under, or result in the creation or
imposition of any lien upon any properties, assets or business of Purchaser
under, any material contract or any order, judgment or decree to which Purchaser
is a party or by which it or any of its assets or properties is bound or
encumbered except, in the case of clauses (ii) and (iii), for such violations,
breaches, conflicts, defaults or other occurrences which, individually or in the
aggregate, would not have a material adverse effect on its obligation to perform
its covenants under this Agreement.

              (d) Accredited Investor. Purchaser is an "accredited investor" as
that term is defined in Rule 501(a) of Regulation D under the Securities Act. If
Purchaser is an entity, Purchaser was not formed for the specific purpose of
acquiring the Shares, and, if it was, all of Purchaser's equity owners are
"accredited investors" as defined above.

              (e) No Government Review. Purchaser understands that neither the
United States Securities and Exchange Commission ("SEC") nor any securities
commission or other governmental authority of any state, country or other
jurisdiction has approved the issuance of the Shares or passed upon or endorsed
the merits of the Shares, or this Agreement or any of the other documents
relating to the proposed Offering (collectively, the "Offering Documents"), or

                                       3

<PAGE>

confirmed the accuracy of, determined the adequacy of, or reviewed this
Agreement or the other Offering Documents.

              (f) Investment Intent. The Shares are being acquired for the
Purchaser's own account for investment purposes only, not as a nominee or agent
and not with a view to the resale or distribution of any part thereof, and
Purchaser has no present intention of selling, granting any participation in or
otherwise distributing the same. By executing this Agreement, Purchaser further
represents that Purchaser does not have any contract, undertaking, agreement or
arrangement with any person to sell, transfer or grant participation to such
person or third person with respect to any of the Shares.

              (g) Restrictions on Transfer. Purchaser understands that the
Shares are "restricted securities" as such term is defined in Rule 144 under the
Securities Act and have not been registered under the Securities Act or
registered or qualified under any state securities law, and may not be, directly
or indirectly, sold, transferred, offered for sale, pledged, hypothecated or
otherwise disposed of without registration under the Securities Act and
registration or qualification under applicable state securities laws or the
availability of an exemption therefrom. In any case where such an exemption is
relied upon by Purchaser from the registration requirements of the Securities
Act and the registration or qualification requirements of such state securities
laws, Purchase shall furnish the Company with an opinion of counsel stating that
the proposed sale or other disposition of such securities may be effected
without registration under the Securities Act and will not result in any
violation of any applicable state securities laws relating to the registration
or qualification of securities for sale, such counsel and opinion to be
satisfactory to the Company. Purchaser acknowledges that it is able to bear the
economic risks of an investment in the Shares for an indefinite period of time,
and that its overall commitment to investments that are not readily marketable
is not disproportionate to its net worth.

              (h) Investment Experience. Purchaser has such knowledge,
sophistication and experience in financial, tax and business matters in general,
and investments in securities in particular, that it is capable of evaluating
the merits and risks of this investment in the Shares, and Purchaser has made
such investigations in connection herewith as it deemed necessary or desirable
so as to make an informed investment decision without relying upon the Company
for legal or tax advice related to this investment. In making its decision to
acquire the Shares, Purchaser has not relied upon any information other than
information provided to Purchaser by the Company or its representatives and
contained herein and in the other Offering Documents.

              (i) Access to Information. Purchaser acknowledges that it has had
access to and has reviewed all documents and records relating to the Company,
including, but not limited to, the Company's filings with the SEC, that it has
deemed necessary in order to make an informed investment decision with respect
to an investment in the Shares; that it has had the opportunity to ask
representatives of the Company certain questions and request certain additional
information regarding the terms and conditions of such investment and the
finances, operations, business and prospects of the Company and has had any and
all such questions and requests answered to its satisfaction; and that it
understands the risks and other considerations relating to such investment.

                                       4

<PAGE>

              (j) Reliance on Representations. Purchaser understands that the
Shares are being offered and sold to it in reliance on specific exemptions from
the registration requirements of the federal and state securities laws and that
the Company is relying in part upon the truth and accuracy of, and such
Purchaser's compliance with, the representations, warranties, agreements,
acknowledgments and understandings of such Purchaser set forth herein in order
to determine the availability of such exemptions and the eligibility of such
Purchaser to acquire the Shares. Purchaser represents and warrants to the
Company that any information that Purchaser has heretofore furnished or
furnishes herewith to the Company is complete and accurate, and further
represents and warrants that it will notify and supply corrective information to
the Company immediately upon the occurrence of any change therein occurring
prior to the Company's issuance of the Shares. Within five (5) days after
receipt of a request from the Company, Purchaser will provide such information
and deliver such documents as may reasonably be necessary to comply with any and
all laws and regulations to which the Company is subject.

              (k) No General Solicitation. Purchaser is unaware of, and in
deciding to participate in the Offering is in no way relying upon, and did not
become aware of the Offering through or as a result of, any form of general
solicitation or general advertising including, without limitation, any article,
notice, advertisement or other communication published in any newspaper,
magazine or similar media, or broadcast over television or radio or the
internet, in connection with the Offering.

              (l) Placement and Finder's Fees. No agent, broker, investment
banker, finder, financial advisor or other person acting on behalf of Purchaser
or under its authority is or will be entitled to any broker's or finder's fee or
any other commission or similar fee, directly or indirectly, in connection with
the Offering, and no person is entitled to any fee or commission or like payment
in respect thereof based in any way on agreements, arrangements or understanding
made by or on behalf of Purchaser.

              (m) Offering Risks. Purchaser understands that purchasing Shares
in the Offering will subject Purchaser to certain risks, including, but not
limited to, each of the following:

              (i) The offering price of the Shares offered hereby has been
determined solely by the Company and does not necessarily bear any relationship
to the value of the Company's assets, current or potential earnings of the
Company, or any other recognized criteria used for measuring value, and
therefore, there can be no assurance that the offering price of the Shares is
representative of the actual value of the underlying Shares.

              (ii) The Company has provided herein that it intends to use the
net proceeds from the Offering for general working capital purposes and other
general corporate purposes. Thus, Purchaser is making its investment in the
Shares based in part upon very limited information regarding the specific uses
to which the net proceeds will be applied.

              (iii) An investment in the Shares may involve certain material
legal, accounting and federal and state tax consequences. Purchaser should
consult with its legal

                                       5

<PAGE>

counsel, accountant and/or business adviser as to the legal, accounting, tax and
related matters accompanying such an investment.

              (n) Legends. The certificates and agreements evidencing the Shares
shall have endorsed thereon the following legend (and appropriate notations
thereof will be made in the Company's stock transfer books), and stop transfer
instructions reflecting these restrictions on transfer will be placed with the
transfer agent of the Shares:

         THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
         SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
         APPLICABLE STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE SOLD,
         TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO REGISTRATION
         UNDER THE SECURITIES ACT AND REGISTRATION OR QUALIFICATION UNDER
         APPLICABLE STATE SECURITIES LAWS, OR PURSUANT TO AN AVAILABLE EXEMPTION
         THEREFROM. NO TRANSFER OF THE SECURITIES REPRESENTED HEREBY MAY BE MADE
         IN THE ABSENCE OF SUCH REGISTRATION OR QUALIFICATION UNLESS THERE SHALL
         HAVE BEEN DELIVERED TO THE ISSUER A WRITTEN OPINION OF UNITED STATES
         COUNSEL OF RECOGNIZED STANDING, IN FORM AND SUBSTANCE SATISFACTORY TO
         THE ISSUER, TO THE EFFECT THAT SUCH TRANSFER MAY BE MADE WITHOUT
         REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT AND
         REGISTRATION OR QUALIFICATION UNDER APPLICABLE STATE SECURITIES LAWS.

         4.   Representations and Warranties of the Company. The Company
represents and warrants to Purchaser as follows:

              (a) Organization and Qualification. The Company is duly organized,
validly existing and in good standing under the laws of its jurisdiction of
organization, with the corporate power and authority to own and operate its
business as presently conducted, except where the failure to be or have any of
the foregoing would not have a material adverse effect on the Company. The
Company is duly qualified as a foreign corporation or other entity to do
business and is in good standing in each jurisdiction where the character of its
properties owned or held under lease or the nature of their activities makes
such qualification necessary, except for such failures to be so qualified or in
good standing as would not have a material adverse effect on the Company.

              (b) Authority; Validity and Effect of Agreement.

              (i) The Company has the requisite corporate power and authority to
execute and deliver this Agreement, perform its obligations under this
Agreement, and conduct the Offering. The execution and delivery of this
Agreement by the Company, the performance by the Company of its obligations
hereunder, the Offering and all other necessary corporate action

                                       6

<PAGE>

on the part of the Company have been duly authorized by its Board of Directors,
and no other corporate proceedings on the part of the Company is necessary to
authorize this Agreement or the Offering. This Agreement has been duly and
validly executed and delivered by the Company and, assuming that it has been
duly authorized, executed and delivered by Purchaser, constitutes a legal, valid
and binding obligation of the Company, in accordance with its terms, subject to
the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium and other similar laws relating to or affecting creditors' rights
generally, general equitable principles (whether considered in a proceeding in
equity or at law) and an implied covenant of good faith and fair dealing.

              (ii) The Shares have been duly authorized and, when issued and
paid for in accordance with this Agreement, will be validly issued, fully paid
and non-assessable shares of Common Stock with no personal liability resulting
solely from the ownership of such shares and will be free and clear of all
liens, charges, restrictions, claims and encumbrances imposed by or through the
Company.

              (c) No Conflict; Required Filings and Consents. Neither the
execution and delivery of this Agreement by the Company nor the performance by
the Company of its obligations hereunder will: (i) conflict with the Company's
Articles of Incorporation or Bylaws; (ii) violate any statute, law, ordinance,
rule or regulation, applicable to the Company or any of the properties or assets
of the Company; or (iii) violate, breach, be in conflict with or constitute a
default (or an event which, with notice or lapse of time or both, would
constitute a default) under, or permit the termination of any provision of, or
result in the termination of, the acceleration of the maturity of, or the
acceleration of the performance of any obligation of the Company, or result in
the creation or imposition of any lien upon any properties, assets or business
of the Company under, any material contract or any order, judgment or decree to
which the Company is a party or by which it or any of its assets or properties
is bound or encumbered except, in the case of clauses (ii) and (iii), for such
violations, breaches, conflicts, defaults or other occurrences which,
individually or in the aggregate, would not have a material adverse effect on
its obligation to perform its covenants under this Agreement; and

              (d) Placement and Finder's Fees. Except as provided in Section
1(c), neither the Company nor any of its respective officers, directors,
employees or managers, has employed any broker, finder, advisor or consultant,
or incurred any liability for any investment banking fees, brokerage fees,
commissions or finders' fees, advisory fees or consulting fees in connection
with the Offering for which the Company has or could have any liability.

         5.   Indemnification. Purchaser agrees to indemnify, defend and hold
harmless the Company and its respective affiliates and agents from and against
any and all demands, claims, actions or causes of action, judgments,
assessments, losses, liabilities, damages or penalties and reasonable attorneys'
fees and related disbursements incurred by the Company which arise out of or
result from a breach of any representations or warranties made by Purchaser
herein, and Purchaser agrees that in the event of any breach of any
representations or warranties made by Purchaser herein, the Company may, at its
option, forthwith rescind the sale of the Shares to Purchaser.

                                       7

<PAGE>

         6.   Registration Rights. The Company covenants and agrees as follows:

              6.1 For the purpose of this Section 6, the following definitions
shall apply:

              (a) "Exchange Act" shall mean the Securities Exchange Act of 1934,
as amended, and the rules and regulations of the SEC thereunder, all as the same
shall be in effect at the time.

              (b) "Person" shall mean an individual, partnership (general or
limited), corporation, limited liability company, joint venture, business trust,
cooperative, association or other form of business organization, whether or not
regarded as a legal entity under applicable law, a trust (inter vivos or
testamentary), an estate of a deceased, insane or incompetent person, a
quasi-governmental entity, a government or any agency, authority, political
subdivision or other instrumentality thereof, or any other entity.

              (c) "Register," "registered," and "registration" shall refer to a
registration effected by preparing and filing a registration statement in
compliance with the Securities Act, and the declaration or order of
effectiveness of such registration statement or document.

              (d) "Registration Statement" shall mean any registration statement
of the Company filed with the SEC pursuant to the provisions of Section 6.2 of
this Agreement, which covers the resale of the Restricted Stock on an
appropriate form then permitted by the SEC to be used for such registration and
the sales contemplated to be made thereby under the Securities Act, or any
similar rule that may be adopted by the SEC, and all amendments and supplements
to such registration statement, including any pre- and post- effective
amendments thereto, in each case including the prospectus contained therein, all
exhibits thereto and all materials incorporated by reference therein.

              (e) "Restricted Stock" shall mean (i) the Shares; and (ii) any
additional shares of Common Stock of the Company issued or issuable after the
date hereof in respect of any of the foregoing securities, by way of a stock
dividend or stock split; provided that as to any particular shares of Restricted
Stock, such securities shall cease to constitute Restricted Stock when (x) a
Registration Statement with respect to the sale of such securities shall have
become effective under the Securities Act and such securities shall have been
disposed of thereunder, (y) such securities are permitted to be transferred
pursuant to Rule 144 (or any successor provision to such rule) under the
Securities Act or (z) such securities are otherwise freely transferable to the
public without further registration under the Securities Act.

              (f) "Selling Stockholders" shall mean Purchaser and any other
purchaser of Shares in the Offering, and their respective successors and
assigns.

         6.2  Registration of the Shares.

              (a) The Company shall notify all Selling Stockholders in writing
at least twenty (20) days prior to the filing of any registration statement
under the Securities Act for purposes of registering securities of the Company,
excluding registration statements on SEC

                                       8

<PAGE>

Forms S-4, S-8 or any similar or successor forms, and will afford each such
Selling Stockholder an opportunity to include in such registration statement all
or part of such Restricted Stock held by such Selling Stockholder. Each Selling
Stockholder desiring to include in any such registration statement all or any
part of the Restricted Stock held by it shall, within ten (10) days after the
above-described notice from the Company, so notify the Company in writing. Such
notice shall state the intended method of disposition of the Restricted Stock by
such Selling Stockholder. If a Selling Stockholder decides not to include all of
its Restricted Stock in any registration statement thereafter filed by the
Company, such Selling Stockholder shall nevertheless continue to have the right
to include any Restricted Stock in any subsequent registration statement or
registration statements as may be filed by the Company with respect to offerings
of its securities, all upon the terms and conditions set forth herein. The
Company may, without the consent of the Selling Stockholders, withdraw such
registration statement prior to its becoming effective if the proposal to
register the securities proposed to be registered thereby is abandoned.

              (b) In the event that any registration pursuant to Section 6.2(a)
shall be, in whole or in part, an underwritten public offering of Common Stock
on behalf of the Company, all Purchasers proposing to distribute their
Restricted Stock through such underwriting shall enter into an underwriting
agreement in customary form with the underwriter or underwriters selected for
such underwriting by the Company. If the managing underwriter thereof advises
the Company in writing that in its opinion the number of securities requested to
be included in such registration exceeds the number which can be sold in an
orderly manner in such offering within a price range acceptable to the Company,
the Company shall include in such registration (i) first, the securities the
Company proposes to sell, and (ii) second, the Restricted Stock and any other
registrable securities eligible and requested to be included in such
registration to the extent that the number of shares to be registered under this
clause (ii) will not, in the opinion of the managing underwriter, adversely
affect the offering of the securities pursuant to clause (i). In such a case,
shares shall be registered pro rata among the holders of such Restricted Stock
and registrable securities on the basis of the number of shares eligible for
registration that are owned by all such holders and requested to be included in
such registration.

              (c) Notwithstanding anything to the contrary contained herein, the
Company's obligation in Sections 6.2(a) and 6.2(b) above shall extend only to
the inclusion of the Restricted Stock in a Registration Statement. The Company
shall have no obligation to assure the terms and conditions of distribution, to
obtain a commitment from an underwriter relative to the sale of the Restricted
Stock or to otherwise assume any responsibility for the manner, price or terms
of the distribution of the Restricted Stock.

              (d) The Company shall have the right to terminate or withdraw any
registration initiated by it under this Section 6.2 prior to the effectiveness
of such registration without thereby incurring liability to the holders of the
Restricted Stock, regardless of whether any holder has elected to include
securities in such registration. The Registration Expenses (as defined in
Section 6.5) of such withdrawn registration shall be borne by the Company in
accordance with Section 6.4 hereof.

                                       9

<PAGE>

              6.3 Registration Procedures. Whenever it is obligated to register
any Restricted Stock pursuant to this  Agreement, the Company shall:

              (a) prepare and file with the SEC a Registration Statement with
respect to the Restricted Stock in the manner set forth in Section 6.2 hereof
and use its reasonable best efforts to cause such Registration Statement to
become effective as promptly as possible and to remain effective until the
earlier of (i) the sale of all shares of Restricted Stock covered thereby, (ii)
the availability under Rule 144 for the Selling Stockholder to immediately,
freely resell without restriction all Restricted Stock covered thereby, or (iii)
one (1) year from the effective date of the first Registration Statement filed
by the Company with the SEC pursuant to this Agreement or with respect to any
subsequent Registration Statement, 180 days from the effective date of such
Registration Statement;

              (b) prepare and file with the SEC such amendments (including
post-effective amendments) and supplements to such Registration Statement and
the prospectus used in connection therewith as may be necessary to keep such
Registration Statement effective for the period specified in Section 6.3(a)
above and to comply with the provisions of the Act with respect to the
disposition of all Restricted Stock covered by such Registration Statement in
accordance with the intended method of disposition set forth in such
Registration Statement for such period;

              (c) furnish to the Selling Stockholders such number of copies of
the Registration Statement and the prospectus included therein (including each
preliminary prospectus) as such person may reasonably request in order to
facilitate the public sale or other disposition of the Restricted Stock covered
by such Registration Statement;

              (d) use its reasonable best efforts to register or qualify the
Restricted Stock covered by such Registration Statement under the state
securities laws of such jurisdictions as any Selling Stockholder shall
reasonably request; provided, however, that the Company shall not for any such
purpose be required to qualify generally to transact business as a foreign
corporation in any jurisdiction where it is not so qualified or to consent to
general service of process in any such jurisdiction;

              (e) in the event of any underwritten public offering, enter into
and perform its obligations under an underwriting agreement, in usual and
customary form, with the managing underwriter(s) of such offering. Each
Purchaser participating in such underwriting shall also enter into and perform
its obligations under such an agreement, as described in Section 6.2(b);

              (f) immediately notify each Selling Stockholder at any time when a
prospectus relating thereto is required to be delivered under the Act, of the
happening of any event as a result of which the prospectus contained in such
Registration Statement, as then in effect, includes an untrue statement of a
material fact or omits to state a material fact required or necessary to be
stated therein in order to make the statements contained therein not misleading
in light of the circumstances under which they were made. The Company will use
reasonable efforts to amend or supplement such prospectus in order to cause such
prospectus not to include

                                       10

<PAGE>

any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein not
misleading in the light of the circumstances under which they were made;

              (g) prepare and file with the Commission such amendments and
supplements to such Registration Statement and the prospectus used in connection
with such Registration Statements as may be necessary to comply with the
provisions of the Securities Act with respect to the disposition of all
securities covered by such Registration Statement;

              (h) make available for inspection by any Selling Stockholder and
any attorney, accountant or other agent retained by any Selling Stockholder, all
financial and other records, pertinent corporate documents and properties of the
Company, and cause the Company's officers, directors and employees to supply all
information reasonably requested by any Selling Stockholder, attorney,
accountant or agent in connection with such Registration Statement; provided,
however, that such Selling Stockholder, underwriter, attorney or accountant
shall agree to hold in confidence and trust all information so provided;

              (i) use its reasonable best efforts to list the Restricted Stock
covered by such Registration Statement on each exchange or automated quotation
system on which similar securities issued by the Company are then listed (with
the listing application being made at the time of the filing of such
Registration Statement or as soon thereafter as is reasonably practicable);

              (j) notify each Selling Stockholder of any threat by the SEC or
state securities commission to undertake a stop order with respect to sales
under the Registration Statement; and

              (k) cooperate in the timely removal of any restrictive legends
from the shares of Restricted Stock in connection with the resale of such shares
covered by an effective Registration Statement.

              6.4 Delay of Registration. No Selling Stockholder shall have any
right to obtain or seek an injunction restraining or otherwise delaying any such
registration as the result of any controversy that might arise with respect to
the interpretation or implementation of this Section 6.

              6.5 Expenses.

              (a) For the purposes of this Section 6.5, the term "Registration
Expenses" shall mean: all expenses incurred by the Company in complying with
Section 6.2 of this Agreement, including, without limitation, all registration
and filing fees, printing expenses, fees and disbursements of counsel and
independent public accountants for the Company, reasonable fees and
disbursements of a single special counsel for the Selling Stockholders, fees
under state securities laws, fees of the National Association of Securities
Dealers, Inc. ("NASD"), fees and expenses of listing shares of Restricted Stock
on any securities exchange or automated quotation system on which the Company's
shares are listed and fees of transfer agents

                                       11

<PAGE>

and registrars. The term "Selling Expenses" shall mean: all underwriting
discounts and selling commissions applicable to the sale of Restricted Stock and
all accountable or non-accountable expenses paid to any underwriter in respect
of such sale.

              (b) Except as otherwise provided herein, the Company will pay all
Registration Expenses in connection with the Registration Statements filed
pursuant to Section 6.2 of this Agreement. All Selling Expenses in connection
with any Registration Statements filed pursuant to Section 6.1 of this Agreement
shall be borne by the Selling Stockholders pro rata on the basis of the number
of shares registered by each Selling Stockholder whose shares of Restricted
Stock are covered by such Registration Statement, or by such persons other than
the Company (except to the extent the Company may be a seller) as they may
agree.

              6.6 Obligations of the Selling Stockholders.

              (a) In connection with each registration hereunder, each Selling
Stockholder will furnish to the Company in writing such information with respect
to it and the securities held by it and the proposed distribution by it, as
shall be reasonably requested by the Company in order to assure compliance with
applicable federal and state securities laws as a condition precedent to
including the Selling Stockholder's Restricted Stock in the Registration
Statement. Each Selling Stockholder shall also promptly notify the Company of
any changes in such information included in the Registration Statement or
prospectus as a result of which there is an untrue statement of material fact or
an omission to state any material fact required or necessary to be stated
therein in order to make the statements contained therein not misleading in
light of the circumstances under which they were made.

              (b) In connection with the filing of the Registration Statement,
each Selling Stockholder shall furnish to the Company in writing such
information and affidavits as the Company reasonably requests for use in
connection with such Registration Statement or prospectus.

              (c) In connection with each registration pursuant to this
Agreement, each Selling Stockholder agrees that it will not effect sales of any
Restricted Stock until notified by the Company of the effectiveness of the
Registration Statement, and thereafter will suspend such sales after receipt of
telegraphic or written notice from the Company to suspend sales to permit the
Company to correct or update a Registration Statement or prospectus. At the end
of any period during which the Company is obligated to keep a Registration
Statement current, each Selling Stockholder shall discontinue sales of
Restricted Stock pursuant to such Registration Statement upon receipt of notice
from the Company of its intention to remove from registration the Restricted
Stock covered by such Registration Statement which remains unsold, and each
Selling Stockholder shall notify the Company of the number of shares registered
which remain unsold immediately upon receipt of such notice from the Company.

              6.7 Information Blackout and Holdbacks.

              (a) At any time when a Registration Statement effected pursuant to
Section 6.2 is effective, upon written notice from the Company to Purchaser
that the Company

                                       12

<PAGE>

has determined in good faith that the sale of Restricted Stock pursuant to the
Registration Statement would require disclosure of non-public material
information, Purchaser shall suspend sales of Restricted Stock pursuant to such
Registration Statement until such time as the Company notifies Purchaser that
such material information has been disclosed to the public or has ceased to be
material, or that sales pursuant to such Registration Statement may otherwise be
resumed.

              (b) Notwithstanding any other provision of this Agreement,
Purchaser shall not effect any public sale or distribution (including sales
pursuant to Rule 144 under the Securities Act), if and when available, of equity
securities of the Company, or any securities convertible into or exchangeable or
exercisable for such securities, during the thirty (30) days prior to the
commencement of any primary offering to be undertaken by the Company of shares
of its unissued Common Stock ("Primary Offering"), which may also include other
securities, and ending one hundred twenty (120) days after completion of any
such Primary Offering, unless the Company, in the case of a non-underwritten
Primary Offering, or the managing underwriter, in the case of an underwritten
Primary Offering, otherwise agree.

              6.8 Indemnification.

              (a) The Company agrees to indemnify, to the extent permitted by
law, each Selling Stockholder, such Selling Stockholder's respective partners,
officers, directors, underwriters and each Person who controls any Selling
Stockholder (within the meaning of the Securities Act) against all losses,
claims, damages, liabilities and expenses caused by (i) any untrue statement of
or alleged untrue statement of material fact contained in the Registration
Statement, prospectus or preliminary prospectus or any amendment or supplement
thereto, (ii) any omission of or alleged omission of a material fact required to
be stated therein or necessary to make the statements therein not misleading, or
(iii) any violation or alleged violation by the Company of the Securities Act,
the Exchange Act, any state securities law or any rule or regulation promulgated
under the Securities Act, the Exchange Act or any state securities law in
connection with the offering covered by such registration statement
("Violations"); provided, however, that the indemnity agreement contained in
this Section 6.8(a) shall not apply to amounts paid in settlement of any such
loss, claim, damage, liability or action if such settlement is effected without
the consent of the Company, which consent shall not be unreasonably withheld,
nor shall the Company be liable in for any loss, claim, damage, liability or
action to the extent that it arises out of or is based upon a Violation which
occurs in reliance upon and in conformity with written information furnished
expressly for use in connection with such registration by such Selling
Stockholder, partner, officer, director, underwriter or controlling person of
such Selling Stockholder.

              (b) To the extent permitted by law, each Selling Stockholder shall
indemnify and hold harmless the Company, each of its directors, its officers and
each person, if any, who controls the Company within the meaning of the
Securities Act, any underwriter and any other Selling Stockholder selling
securities under such registration statement or any of such other Selling
Stockholder's partners, directors or officers or any person who controls such
Selling Stockholder, against any losses, claims, damages or liabilities (joint
or several) to which the Company or any such director, officer, controlling
person, underwriter or other such Selling Stockholder, or partner, director,
officer or controlling person of such other Selling Stockholder,

                                       13

<PAGE>

may become subject under the Securities Act, the Exchange Act or other federal
or state law, insofar as such losses, claims, damages or liabilities (or actions
in respect thereto) arise out of or are based upon any Violation, in each case
to the extent (and only to the extent) that such Violation (i) occurs in
reliance upon and in conformity with written information furnished by such
Selling Stockholder under an instrument duly executed by such Selling
Stockholder for use in connection with such registration; (ii) occurs as a
result of any failure to deliver a copy of the prospectus relating to such
Registration Statement, or (iii) occurs as a result of any disposition of the
Restricted Stock in a manner that fails to comply with the permitted methods of
distribution identified within the Registration Statement.

              (c) Any Person entitled to indemnification hereunder shall (i)
give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification (provided that the failure to give prompt
notice shall not impair any Person's right to indemnification hereunder to the
extent such failure has not prejudiced the indemnifying party), and (ii) unless
in such indemnified party's reasonable judgment a conflict of interest between
such indemnified and indemnifying parties may exist with respect to such claim,
permit such indemnifying party to assume the defense of such claim with counsel
reasonably satisfactory to the indemnified party. If such defense is assumed,
the indemnifying party shall not be subject to any liability for any settlement
made by the indemnified party without its consent (but such consent shall not be
unreasonably withheld). An indemnifying party who is not entitled to, or elects
not to, assume the defense of a claim shall not be obligated to pay the fees and
expenses of more than one counsel for all parties indemnified by such
indemnifying party with respect to such claim, unless in the reasonable judgment
of any indemnified party a conflict of interest may exist between such
indemnified party and any other of such indemnified parties with respect to such
claim.

              (d) If the indemnification provided for in this Section 6.8 is
held by a court of competent jurisdiction to be unavailable to an indemnified
party with respect to any losses, claims, damages or liabilities referred to
herein, the indemnifying party, in lieu of indemnifying such indemnified party
thereunder, shall to the extent permitted by applicable law contribute to the
amount paid or payable by such indemnified party as a result of such loss,
claim, damage or liability in such proportion as is appropriate to reflect the
relative fault of the indemnifying party on the one hand and of the indemnified
party on the other in connection with the violation(s) described in Section
6.8(a) that resulted in such loss, claim, damage or liability, as well as any
other relevant equitable considerations. The relative fault of the indemnifying
party and of the indemnified party shall be determined by a court of law by
reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission to state a material fact relates to
information supplied by the indemnifying party or by the indemnified party and
the parties' relative intent, knowledge, access to information and opportunity
to correct or prevent such statement or omission; provided, that in no event
shall any contribution by a Selling Stockholder hereunder exceed the net
proceeds from the offering received by such Selling Stockholder.

              (e) The indemnification provided for under this Agreement shall
remain in full force and effect regardless of any investigation made by or on
behalf of the indemnified party or any officer, director or controlling Person
of such indemnified party and

                                       14

<PAGE>

shall survive the transfer of securities. The Company also agrees to make such
provisions as are reasonably requested by any indemnified party for contribution
to such party in the event the Company's indemnification is unavailable for any
reason.

         7.   Confidentiality. Purchaser acknowledges and agreements that:

              (a) All of the information contained herein and in the other
Offering Documents is of a confidential nature and may be regarded as material
non-public information under Regulation FD of the Securities Act.

              (b) This Agreement and the other Offering Documents have been
furnished to Purchaser by the Company for the sole purpose of enabling Purchaser
to consider and evaluate an investment in the Company, and will be kept
confidential by Purchaser and not used for any other purpose.

              (c) The information contained herein shall not, without the prior
written consent of the Company, be disclosed by Purchaser to any person or
entity, other than Purchaser's personal financial and legal advisors for the
sole purpose of evaluating an investment in the Company, and will not, directly
or indirectly, disclose or permit Purchaser's personal financial and legal
advisors to disclose, any of such information without the prior written consent
of the Company.

              (d) Purchaser shall make its representatives aware of the terms of
this section and to be responsible for any breach of this Agreement by such
representatives.

              (e) Purchaser shall not, without the prior written consent of the
Company, directly or indirectly, make any statements, public announcements or
release to trade publications or the press with respect to the subject matter of
this Agreement and the other Offering Documents.

              (f) If Purchaser decides to not pursue further investigation of
the Company or to not participate in the Offering, Purchaser will promptly
return this Agreement, the other Offering Documents and any accompanying
documentation to the Company.

         8.   Non-Public Information. Purchaser acknowledges that information
concerning the matters that are the subject matter of this Agreement may
constitute material non-public information under United States federal
securities laws, and that United States federal securities laws prohibit any
person who has received material non-public information relating to the Company
from purchasing or selling securities of the Company, or from communicating such
information to any person under circumstances in which it is reasonably
foreseeable that such person is likely to purchase or sell securities of the
Company. Accordingly, until such time as any such non-public information has
been adequately disseminated to the public, Purchaser shall not purchase or sell
any securities of the Company, or communicate such information to any other
person.

         9.   Entire Agreement. This Agreement contains the entire agreement
between the parties and supercedes all prior agreements and understandings, both
written and oral, between

                                       15

<PAGE>

the parties with respect to the subject matter hereto, and no party shall be
liable or bound to any other party in any manner by any warranties,
representations, guarantees or covenants except as specifically set forth in
this Agreement. Nothing in this Agreement, express or implied, is intended to
confer upon any party other than the parties hereto or their respective
successors and assigns any rights, remedies, obligations or liabilities under or
by reason of this Agreement, except as expressly provided in this Agreement.

         10.   Amendment and Modification. This Agreement may not be amended,
modified or supplemented except by an instrument or instruments in writing
signed by the party against whom enforcement of any such amendment, modification
or supplement is sought.

         11.   Extensions and Waivers. At any time prior to the Closing, the
parties hereto entitled to the benefits of a term or provision may (a) extend
the time for the performance of any of the obligations or other acts of the
parties hereto, (b) waive any inaccuracies in the representations and warranties
contained herein or in any document, certificate or writing delivered pursuant
hereto, or (c) waive compliance with any obligation, covenant, agreement or
condition contained herein. Any agreement on the part of a party to any such
extension or waiver shall be valid only if set forth in an instrument or
instruments in writing signed by the party against whom enforcement of any such
extension or waiver is sought. No failure or delay on the part of any party
hereto in the exercise of any right hereunder shall impair such right or be
construed to be a waiver of, or acquiescence in, any breach of any
representation, warranty, covenant or agreement.

         12.   Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns, provided, however, that no party hereto may assign its rights or
delegate its obligations under this Agreement without the express prior written
consent of the other party hereto. Except as provided in Section 5, nothing in
this Agreement is intended to confer upon any person not a party hereto (and
their successors and assigns) any rights, remedies, obligations or liabilities
under or by reason of this Agreement.

         13.   Survival of Representations, Warranties and Covenants. The
representations and warranties contained herein shall survive the Closing and
shall thereupon terminate eighteen (18) months from the Closing, except that the
representations contained in Sections 3(a), 3(b), 4(a), and 4(b) shall survive
indefinitely. All covenants and agreements contained herein which by their terms
contemplate actions following the Closing shall survive the Closing and remain
in full force and effect in accordance with their terms. All other covenants and
agreements contained herein shall not survive the Closing and shall thereupon
terminate.

         14.   Headings; Definitions. The Section headings contained in this
Agreement are inserted for convenience of reference only and will not affect the
meaning or interpretation of this Agreement. All references to Sections
contained herein mean Sections of this Agreement unless otherwise stated. All
capitalized terms defined herein are equally applicable to both the singular and
plural forms of such terms

         15.   Severability. If any provision of this Agreement or the
application thereof to any person or circumstance is held to be invalid or
unenforceable to any extent, the remainder of this

                                       16

<PAGE>

Agreement shall remain in full force and effect and shall be reformed to render
the Agreement valid and enforceable while reflecting to the greatest extent
permissible the intent of the parties.

16. Notices. All notices hereunder shall be sufficiently given for all purposes
hereunder if in writing and delivered personally, sent by documented overnight
delivery service or, to the extent receipt is confirmed, telecopy, telefax or
other electronic transmission service to the appropriate address or number as
set forth below:

                  If to the Company:
                  -----------------

                           Continental Southern Resources, Inc.
                           111 Presidential Boulevard, Suite 158A
                           Bala Cynwyd, PA 19004
                           Attention:  Stephen P. Harrington, President

                  with a copy to:
                  --------------

                           Spector Gadon & Rosen, P.C.
                           Seven Penn Center
                           1635 Market Street, 7th Floor
                           Philadelphia, PA 19103
                           Attention:  Vincent A. Vietti, Esquire

                  If to Purchaser:
                  ---------------

                  To that address indicated on the signature page hereof.

         17. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the Commonwealth of Pennsylvania, without regard to
the laws that might otherwise govern under applicable principles of conflicts of
laws thereof.

         18. Arbitration. If a dispute arises as to the interpretation of this
Agreement, it shall be decided in an arbitration proceeding conforming to the
Rules of the American Arbitration Association applicable to commercial
arbitration then in effect at the time of the dispute. The arbitration shall
take place in the Commonwealth of Pennsylvania. The decision of the arbitrators
shall be conclusively binding upon the parties and final, and such decision
shall be enforceable as a judgment in any court of competent jurisdiction. The
parties shall share equally the costs of the arbitration.

         19. Counterparts. This Agreement may be executed and delivered by
facsimile in two or more counterparts, each of which shall be deemed to be an
original, but all of which together shall constitute one and the same agreement.

                  [Remainder of page intentionally left blank]

                                       17

<PAGE>

         IN WITNESS WHEREOF, intending to be legally bound, the parties hereto
have caused this Agreement to be executed as of the date set forth below.

                                          PURCHASER

Date: _____________________               _____________________________________

                                          By:__________________________________
                                             Name:
                                             Title:
                                             Address:

                                          Number of Shares Purchased: _________

                                          Purchase Price
                                          @ $2.00 per Share: $_________________

                                          CONTINENTAL SOUTHERN RESOURCES, INC.

Date:______________________               By:__________________________________
                                             Stephen P. Harrington
                                             President

                                       18

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