Document:

Exhibit 10.41

 

REGISTRAR AGREEMENT

DATED 11 JULY 2008

 

RESACA EXPLOITATION, INC.

 

AND

 

COMPUTERSHARE INVESTOR SERVICES

(CHANNEL ISLANDS) LIMITED

 

	
  CERTAINTY      INGENUITY     ADVANTAGE

  	
  

  

 

 

CONTENTS

 

	
  1.

  	
  INTERPRETATION

  	
  2

  
	
   

  	
   

  	
   

  
	
  2.

  	
  APPOINTMENT
  OF REGISTRAR

  	
  3

  
	
   

  	
   

  	
   

  
	
  3.

  	
  THE
  COMPANY’S REPRESENTATIONS AND WARRANTIES

  	
  3

  
	
   

  	
   

  	
   

  
	
  4.

  	
  THE
  COMPANY’S COVENANTS

  	
  4

  
	
   

  	
   

  	
   

  
	
  5.
  

  	
  THE
  REGISTRAR’S REPRESENTATIONS AND WARRANTIES 

  	
  4 

  
	
   

  	
   

  	
   

  
	
  6.

  	
  THE
  REGISTRAR’S COVENANTS

  	
  4

  
	
   

  	
   

  	
   

  
	
  7.

  	
  FEES
  AND EXPENSES

  	
  5

  
	
   

  	
   

  	
   

  
	
  8.

  	
  LIABILITY
  AND INDEMNITY

  	
  6

  
	
   

  	
   

  	
   

  
	
  9.

  	
  STATUS

  	
  6

  
	
   

  	
   

  	
   

  
	
  10.

  	
  CONFIDENTIALITY

  	
  6

  
	
   

  	
   

  	
   

  
	
  11.

  	
  ASSIGNMENT
  AND DELEGATION

  	
  7

  
	
   

  	
   

  	
   

  
	
  12.

  	
  NON-EXCLUSIVITY

  	
  7

  
	
   

  	
   

  	
   

  
	
  13.

  	
  TERMINATION

  	
  7

  
	
   

  	
   

  	
   

  
	
  14.

  	
  NOTICES

  	
  8

  
	
   

  	
   

  	
   

  
	
  15.

  	
  ENTIRE
  AGREEMENT

  	
  8

  
	
   

  	
   

  	
   

  
	
  16.

  	
  COUNTERPARTS

  	
  8

  
	
   

  	
   

  	
   

  
	
  17.

  	
  FORCE
  MAJEURE

  	
  9

  
	
   

  	
   

  	
   

  
	
  18.

  	
  GOVERNING
  LAW AND JURISDICTION

  	
  9

  
	
   

  	
   

  	
   

  
	
  SCHEDULE
  1 - THE SERVICES

  	
  10

  
	
   

  	
   

  
	
  SCHEDULE
  2 - FEES

  	
  11

  

 

1

 

REGISTRAR AGREEMENT

 

THIS REGISTRAR AGREEMENT (this “Agreement”) is made on 11
July 2008

 

BETWEEN:

 

RESACA EXPLOITATION, INC., a company incorporated in the State of Texas,
whose registered office is at 1331 Lamai, Suite 1450, Houston, Texas
77010, USA (the “Company”); and

 

COMPUTERSHARE INVESTOR SERVICES (CHANNEL ISLANDS) LIMITED, a company incorporated in Jersey whose
registered office is at Ordnance House, 31 Pier Road, St Helier, Jersey (the
“Registrar”).

 

WHEREAS:

 

The
Company desires to appoint the Registrar to maintain the Company’s register in
Jersey, such register being part of the Company’s register of members and the
Registrar is willing to accept such appointment on the terms and conditions set
out in this Agreement.

 

NOW IT IS AGREED AS FOLLOWS:

 

1.                   INTERPRETATION

 

1.1            In this Agreement, unless the context
otherwise requires, the following expressions shall have the following meanings:

 

	
  “Organisational Documents”

  
	
   

  	
  means
  the Certificate of Formation and Bylaws of the Company, as the same may be
  amended, modified or replaced from time to time;

  
	
   

  	
   

  
	
  “Business Day”

  	
  means
  any day (other than a Saturday or Sunday or public holiday) on which banks
  are normally open for banking business in Jersey;

  
	
   

  	
   

  
	
  “Common Shares”

  	
  means
  common stock of the Company with a par value of US$0.01 per share;

  
	
   

  	
   

  
	
  “Effective Date”

  	
  means
  two days before the date on which the Company’s securities are admitted to
  the AIM Market of the London Stock Exchange or such other date as the parties
  shall agree in writing;

  
	
   

  	
   

  
	
  “Law”

  	
  means
  the Companies (Jersey) Law 1991, as amended from time to time;

  
	
   

  	
   

  
	
  “Shareholders”

  	
  means
  the shareholders of the Company;

  
	
   

  	
   

  
	
  “Placing Shares”

  	
  means
  the Common Shares to be issued or sold pursuant to a conditional placing by
  Seymour Pierce Limited;

  
	
   

  	
   

  
	
  “Register”

  	
  means
  the register of members of the Company maintained in Jersey, Channel Islands
  by the Registrar;

  
	
   

  	
   

  
	
  “Services”

  	
  means
  the Registrar services set out in Schedule 1 hereto;

  
	
   

  	
   

  
	
  “Restricted Period”

  	
  has
  the meaning given to it in Clause 8 of this Agreement;

  

 

2

 

Except
where the context otherwise requires, words denoting the singular include the
plural and vice versa, words denoting a gender include every gender and
references to persons include bodies corporate and unincorporate.

 

1.2            References to “Recitals”, “Clauses” and
“Schedules” are, unless the context otherwise requires, references to recitals
and clauses hereof and schedules hereto and references to sub-clauses are,
unless otherwise stated, references to the sub-clause of the Clause in which
the reference appears.

 

1.3            The Recitals and Schedules form part of this
Agreement and shall have the same force and effect as if they were expressly
set out in the body of this Agreement and any reference to this Agreement shall
include the Recitals and Schedules.

 

1.4            Clause headings and the table of contents are
inserted for convenience only and shall not affect the construction of this
Agreement.

 

1.5            Any reference in this Agreement to any statute
or statutory provision shall, unless the context otherwise requires, be
construed as a reference to such statute or statutory provision as the same may
have been or may from time to time be amended, modified, extended,
consolidated, re-enacted or replaced.

 

1.6            References in this Agreement to any agreements
and documents (including this Agreement) shall be construed as a reference to
such agreement or documents as amended, varied, modified, supplemented or
restated, novated or replaced from time to time.

 

1.7            Any reference to any person or party shall,
unless the context otherwise requires, include reference to its successors and
assignees, whether in security or otherwise.

 

1.8            The word “may” shall be construed as being
permissive and the word “shall” shall be construed as being mandatory.

 

2.                   APPOINTMENT OF REGISTRAR

 

2.1            With effect from the Effective Date, the
Company hereby appoints the Registrar to provide the Services and maintain the Company register in Jersey and the
Registrar hereby accepts such appointment upon the terms and conditions
contained in this Agreement.

 

2.2            The Registrar shall provide such other
services to the Company as may be agreed in writing between the parties from
time to time.

 

3.                   THE COMPANY’S REPRESENTATIONS AND WARRANTIES

 

3.1            The Company represents and warrants to the
Registrar that, as at the date hereof.

 

a)                  the Company is a company duly incorporated and
validly existing under the laws of the State of Texas;

 

b)                  the Company has the capacity to enter into
this Agreement on the terms hereof and to perform its obligations hereunder;

 

c)                   the execution, delivery and performance by the
Company of this Agreement:

 

i)                     are within the Company’s corporate powers;

 

ii)                  have been duly authorised by all necessary
corporate action; and

 

iii)               do
not contravene the Organisational Documents or , to the actual knowledge of the
Company, any law or any contractual restriction binding on or affecting the
Company;

 

d)                  no authorisation or approval or other action
by and no notice to or filing with, any governmental authority or regulatory
body is required for the due execution, delivery and performance by the Company
of this Agreement other than those which have been obtained and are in full force and effect; and

 

3

 

e)                   this Agreement is the legal, valid and binding
obligation of the Company, enforceable in accordance with its terms (except as
may be limited by bankruptcy, insolvency, moratorium and other similar laws
affecting the rights of creditors generally).

 

4.                   THE COMPANY’S COVENANTS

 

4.1            The Company hereby undertakes with the
Registrar that, during the continuance of this Agreement, the Company shall provide the Registrar with all such
information, documentation and records as the Registrar may reasonably require
to enable it to perform its duties hereunder.

 

5.                   THE
REGISTRAR’S REPRESENTATIONS AND WARRANTIES

 

5.1            The Registrar hereby represents and warrants
to the Company that, as at the date hereof:

 

a)                  the Registrar is a company duly incorporated
and validly existing under the laws of Jersey;

 

b)                  the Registrar has the capacity to enter into
this Agreement on the terms hereof and to perform its obligations hereunder;

 

c)                   the execution, delivery and performance by the
Registrar of this Agreement:

 

i)                     is within the Registrar’s corporate powers;

 

ii)                  have been duly authorised by all necessary
corporate action; and

 

iii)               do not contravene the Registrar’s certificate
of incorporation, memorandum of association or bye-laws of association or any
law of any contractual restriction binding on or affecting the Registrar;

 

d)                  no authorisation or approval or other action
by and no notice to or filing with any governmental authority or regulatory
body is required for the due execution, delivery and performance by the
Registrar of this Agreement, other than those which have been obtained and are
in full force and effect; and

 

e)                   this Agreement is the legal, valid and binding
obligation of the Registrar, enforceable in accordance with its terms (except
as may be limited by bankruptcy, insolvency, moratorium and other similar laws
affecting the rights of creditors generally).

 

6.                   THE REGISTRAR’S COVENANTS

 

6.1            The Registrar hereby undertakes with the
Company that, during the continuance of this Agreement, the Registrar shall:

 

a)                  at all times, exercise and perform its duties
and obligations under this Agreement, will ensure that the Register is at all
times held in Jersey in compliance with the provisions of the Law;

 

b)                  devote to the performance of its duties and
obligations under this Agreement such time and attention as shall be necessary
for the proper and efficient discharge thereof, which shall be at least the
same amounts of time and attention and same level of skill, care and diligence
in the performance of those duties and obligations as a prudent person would so
devote in administering its own duties and obligations;

 

c)                   allocate or procure the allocation by its
agents or delegates of such personnel, office facilities and equipment as may
be necessary to the performance of its duties under this Agreement in a proper
and efficient manner;

 

d)                  comply with any proper directions, orders and
instructions which the Company may from time to time give to it in connection
with the performance of its duties and obligations under this Agreement,
provided that the Registrar shall not be obliged to comply with any such
instructions, directions or orders which would or might involve

 

4

 

it incurring any liability unless and until it shall have been
indemnified to its satisfaction in respect thereof;

 

e)                   obtain and keep in force all licences,
approvals, authorisations and consents, exemptions and registrations which may
be necessary in connection with the performance of the Services (including any
necessary registrations under the Data Protection (Jersey) Law 1987) and shall,
perform its duties and obligations and exercise its discretion under this
Agreement in such a way as not to prejudice the continuation or maintenance of
any such licence, approval, authorisation, consent, exemption or registration;

 

f)                    not fail in any material respect to comply
with any legal, administrative and regulatory requirements in connection with
the performance of its duties and obligations under this Agreement of which it
was aware or, in the case of any law of Jersey, ought to have been aware, it
being understood that the Registrar shall be deemed to have actual knowledge of
any law of any jurisdiction other than Jersey only to the extent that it shall
have been advised thereof in writing by legal counsel; and

 

g)                   observe and comply with all the provisions of
the Organisational Documents.

 

7.                   FEES AND EXPENSES

 

7.1            During the continuance of this Agreement, the
Company shall pay to the Registrar a fee for the provision of the Services in
accordance with the provisions of Schedule 2.

 

7.2            The Company shall bear the reasonable expenses
of the parties hereto incurred in connection with preparation and completion of
this Agreement, which shall not exceed £500.

 

7.3            The Company shall reimburse, or will procure
the reimbursement to the Registrar of all reasonable out of pocket costs, expenses and charges properly incurred
by it in the performance of its obligations hereunder.

 

8.                   US SECURITIES LAWS RESTRICTIONS

 

8.1            The Registrar hereby acknowledges that:.

 

(i)                  the Placing Shares are not being registered
under US Securities Laws and are being offered outside of the United States
under Rule 903 of Regulation S, an exemption from registration under the
Securities Act of 1933, as amended (the “Securities Act”);

 

(ii)               until
the Company notifies the Registrar in writing otherwise, all offers and
transfers must be made in accordance with Regulation S, pursuant to a
registration statement under the Securities Act or pursuant to an available
exemption from registration under the Securities Act;

 

(iii)            the
Placing Shares are deemed to be “restricted securities” as defined in
Rule 144 of the Securities Act and during the period contemplated by
Rule 144 (the “Restricted Period”) resales
of such securities must be made in accordance with Regulation S, the
registration requirements of the Securities Act or an exemption therefrom;

 

(v)              it will not engage in hedging transactions
prior to the expiration of the one-year distribution compliance period; and

 

(v)              it will comply with directions, orders and
instructions from the Company regarding
the treatment of Common Shares as “restricted securities”, including, without
limitation, in the application or removal of restrictive legends from
certificated Common Shares, and will not accept any such directions, orders or
instructions from any other party.

 

5

 

9.                   LIABILITY AND INDEMNITY

 

9.1            The Registrar and its officers and employees
shall not be liable to the Company for any loss sustained by the Company or in any of the assets of the Company as
a result of loss, delay, misdelivery or error in transmission or any cable,
telex, telefax or telegraphic communication, or if any document accepted by the
Registrar shall later proved to be forged or otherwise defective or orroneous
PROVIDED THAT the Registrar shall remain liable for any loss arising from its
fraud, wilful default, negligence or breach of this Agreement.

 

9.2            Neither party or its officers and employees
shall be liable to the other party in respect of any loss, liability, claim, cost, expense (including legal expenses) or
damage suffered or incurred by the other party as a result of the proper and
timely discharge of its duties and obligations hereunder, save where such loss,
liability, claim, cost, expense or damage is suffered or incurred as a result
of its fraud, wilful default or negligence.

 

9.3            The Registrar shall not be required to take
any legal action in connection with this Agreement unless fully indemnified to its reasonable satisfaction for
all costs and liabilities that may be incurred or suffered by the Registrar and,
if the Company requires the Registrar to take any action of whatsoever nature
which (in the reasonable opinion of the Registrar) might make the Registrar
liable for the payment of money or liable in any other way, the Registrar shall
be, and shall be kept, indemnified in any reasonable amount and form
satisfactory to the Registrar as a prerequisite to taking action.

 

9.4            The Registrar shall be entitled to obtain
legal advice from its legal and other professional advisors for the time being and/or the opinion of counsel
on any matter relating to the performance of this Agreement and the opinion of
such advisors shall be full and complete protection in respect of any action
taken, omitted or suffered hereunder in good faith and, if the Company shall
give its prior written approval to the obtaining of any such advice or opinion,
such advice or opinion shall be obtained at the expense of the Company.

 

10.            STATUS

 

10.1     Nothing in
this Agreement shall constitute or be construed as constituting or establishing
any partnership or joint venture between the parties hereto for any purpose
whatsoever,

 

11.            CONFIDENTIALITY

 

11.1     Neither party shall disclose (and shall use
all reasonable efforts to prevent the publication or disclosure) in any way or
form and at any time (whether before or after the date on which this Agreement
shall be terminated) to any person, firm or company any confidential
information relating to the business or affairs of the other party without the
prior written consent of the party.

 

11.2     Clause 11.1
shall not apply if non-disclosure would render the relevant party liable to
legal or administrative sanction, PROVIDED THAT, in any such case, prior to
making any disclosure, such party will give to the other party reasonable prior
written notice of its intention to make such disclosure and the reasons
therefor.

 

11.3     The parties
hereto agree that neither of them will permit any advertisement, statement,
circular, booklet or other document relating to either party and containing a
reference to any other party to be published, save as required by the Company
in compliance with the AIM Rules or other applicable legislation or
regulation without the consent of such other party.

 

11.4     The
provisions of this Clause 11 shall remain in full force and effect notwithstanding
termination of this Agreement.

 

6

 

12.            ASSIGNMENT AND DELEGATION

 

12.1     Neither of
the parties hereto shall be entitled to assign any of its interest in this
Agreement, unless the prior written consent of the other party has been
obtained (which consent shall not be unreasonably withheld).

 

12.2     In the
performance of its duties the Registrar will be entitled to employ agents for
the purposes of carrying out certain matters of a specialist nature which the
Registrar may consider appropriate (including, without limitation, printing,
personalisation, mailing and storage). The Registrar will continue to be liable
for the performance of its duties whether or not any have been performed by
agents.

 

13.            NON-EXCLUSIVITY

 

13.1     Provided
that the Registrar shall not be thereby impaired from properly performing its
duties pursuant to this Agreement, it shall be entitled to act as Registrar for
any other company, corporation or body of persons on such terms as may be
arranged with such company, corporation or body of persons and shall not be
deemed to be affected with notice of or to be under any duty to disclose to the
Company any fact or thing which may come to the knowledge of the Registrar of
any servant or agent of the Registrar in the course of doing so in the course
of its business in any other capacity or in any manner whatsoever otherwise
than in the course of carrying out its duties hereunder.

 

13.2     The
Registrar may acquire, hold or deal with for its own account or for the account
of any customer or other persons and in its own name or in the name of such
customer or person or of a nominee any shares for the time being issued by the
Company.

 

14.            TERMINATION

 

14.1     Subject as
hereinafter provided, the Registrar shall be entitled to resign its appointment
hereunder:

 

a)                  at any time by notice in writing to the
Company if the Company shall go into liquidation (except a voluntary
liquidation for the purposes of reconstruction or amalgamation upon terms
previously approved in writing by the Registrar) or becomes bankrupt as defined
in Article 13 of the Interpretation (Jersey) Law 1954 or if a receiver is
appointed in respect of any of the assets of the Company; or

 

b)                  at any time by notice in writing to the Company
if the Company shall commit any material breach of its obligations under this
Agreement and (if such breach shall be capable of remedy) shall fail within
thirty (30) days of receipt of notice in writing served by the Registrar
requiring it so to do to make good such breach; or

 

c)                   at any time by notice in writing to the
Company if it shall cease to have the appropriate authorisations which permit
it lawfully to perform its obligations under this Agreement; or

 

d)                  by giving six months notice in writing to the
Company (or such lesser notice period as may be reasonable where a suitable
replacement Registrar has been found, provided such replacement is acceptable
to the Company).

 

14.2     The Company
may terminate the appointment of the Registrar hereunder:

 

a)                  at any time by notice in writing to the
Registrar if the Registrar goes into liquidation (except a voluntary
liquidation for the purpose of reconstruction or amalgamation upon terms
previously approved in writing by the Company) or becomes bankrupt as defined
in Article 13 of the Interpretation (Jersey) Law 1954 or if a receiver is
appointed in respect of any of the assets of the Registrar; or

 

b)                  at any time by notice in writing to the
Registrar if the Registrar shall commit any material breach of its obligations
under this Agreement and (if such breach shall be capable of remedy) shall fall
within thirty days of receipt of notice in writing served by the Company
requiring it so to do to make good such breach; or

 

7

 

c)                   by giving six months notice in writing to the
Registrar.

 

14.3     On
termination of the appointment of the Registrar, the Company shall pay to the
Registrar the appropriate portion of the fee payable pursuant to Clause 7 (Fees
and Expenses) accrued and due up to the date of such termination but the
Registrar shall not be entitled to compensation in respect of such termination.

 

14.4     In the
event of termination of the appointment of the Registrar, the Registrar shall
deliver to the Company (or as it shall direct) all books of account, records,
registers, correspondence, documents and assets in relation to the affairs of
or belonging to the Company in its possession or under its control.

 

14.5     Any
provision of this Agreement which is stated to continue after termination of
the Agreement shall remain in full force and effect notwithstanding
termination.

 

15.            NOTICES

 

15.1     Any notice
or communication to be given under this Agreement shall be in writing in the
English language and may be delivered personally or by first class pre-paid
post (or by airmail if overseas, courier delivery service or facsimile
transmission despatched as follows:

 

a)                  if to the Company, at its registered office
address specified at the head of this Agreement or to the following numbers:

 

	
  Facsimile:

  	
  (713)
  655 1711

  
	
   

  	
   

  
	
  For
  the attention of

  	
  Ms. Mary
  Lou Fry

  

 

if
to the Registrar, at its office specified at the head of this Agreement or to
the number below:

 

	
  Facsimile:

  	
  +44
  (0)1534 825247

  
	
   

  	
   

  
	
  For
  the attention of

  	
  Mr
  Graeme Ross

  
	
   

  	
  Ordnance
  House, 31 Pier Road, St Helier, JE4 8PW

  

 

or
to such other address and/or facsimile number as may be notified in accordance
with this Clause by the relevant party to the other party for such purpose.

 

15.2     Any notice
or other communications shall be deemed to have been received:

 

a)                  if sent by post (airmail) or courier delivery
service, seven (7) days after despatch; and

 

b)                  if delivered personally or despatched by
facsimile transmission, at the time of delivery or despatch, unless such
delivery is made outside normal business hours in the place of intended receipt
on a Business Day in that place in which case such notice or communication
shall be deemed to have been received at the opening of business in that place
on the next succeeding Business Day. Evidence that a notice or other
communication was properly addressed, stamped and put into the post shall be
conclusive evidence of posting.

 

16.            ENTIRE AGREEMENT

 

16.1     This
Agreement sets forth the entire agreement and understanding between the parties
in respect of the subject matter of this Agreement and supersedes all previous
agreements. No variation of this Agreement shall be effective unless signed by
or on behalf of each of the parties hereto.

 

17.            COUNTERPARTS

 

17.1     This
Agreement may be executed in any number of counterparts and by each party on a
separate counterpart each of which counterparts when so executed and delivered
shall be an original but all such counterparts shall together constitute one
and the same instrument.

 

8

 

18.            FORCE MAJEURE

 

18.1     Neither
party shall be responsible for delays or failure to perform any of its
obligations herein resulting from acts beyond the reasonable control of such
party. Such acts shall include, but not limited to, acts of God, strikes,
lockout, riots, acts of war, epidemics, governmental regulations superimposed
after the fact, communication line failures, power failure, earthquakes or
other disasters, or any failure or breakdown of any system, computer or otherwise.

 

19.            GOVERNING LAW AND JURISDICTION

 

19.1     This
Agreement is governed by and shall be construed in accordance with the laws of
the Island of Jersey.

 

19.2     Each of the
parties hereto hereby irrevocably an unconditionally submits to the non-exclusive
jurisdiction of each of the Royal Court of Jersey as regards any matter or
claim which may arise out of or in connection with this Agreement.

 

19.3     Each of the
parties hereto hereby irrevocably waives any objection which it may now or
hereafter have to the Royal Court of Jersey being nominated as the forum to
hear and determine any action or proceeding which may arise out of or in
connection with this Agreement and agrees not to claim that any such court is
not a convenient or appropriate forum.

 

19.4     The submission
to the jurisdiction of the Royal Court of Jersey shall not (and shall not be
construed so as to) limit the right of proceeding against either party in any
other court of competent jurisdiction nor shall the taking of proceedings in
any one or more jurisdictions preclude the taking of proceedings in any other
jurisdiction, whether concurrently or not.

 

AS WITNESS the hands of the parties or their duly authorised representatives the
day and year first above written.

 

	
   

  	
  REGISTRAR
  AGREEMENT

  
	
   

  	
   

  
	
   

  	
   

  
	
  SIGNED for and on behalf of

  	
  /s/
  John J. Lendrum, III

  
	
  RESACA EXPLOITATION, INC.

  	
  John
  J. Lendrum, III

  
	
   

  	
  Chief
  Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
  SIGNED for and on behalf of

  	
   

  
	
  COMPUTERSHARE INVESTOR SERVICES

  	
  [Illegible]

  
	
  (CHANNEL ISLANDS) LIMITED

  	
  DIRECTOR

  

 

9

 

SCHEDULE 1 - THE SERVICES

 

The Registrar shall perform the following duties (the
“Services”) in its capacity as
Registrar.-

 

1.                   the maintenance of the Register in Jersey in compliance with the Law, it
being expressly agreed that the Register shall be constituted by and shall
solely consist of the hard copy print from time to time of the electronic
records of the members maintained by the Registrar or its delegates, and the
Register shall at all times be kept in Jersey and any Register or copy thereof
kept elsewhere shall not constitute the main Register;

 

2.                   the maintenance of dividend instruction records;

 

3.                   on the occasion of each issue of shares, the registration of the holders
thereof;

 

4.                   the certification and registration of share transfers;

 

5.                   the registration of probates, letters of administration, powers of
attorney, certificates of death or marriage, stop notices and other instruments
affecting the legal ownership of shares, change of address or similar
documents;

 

6.                   the preparation and authentication of share certificates (which shall be
provided in blank by the Company) with the inclusion of appropriate legends to
the extent required, for the purposes of Regulation S under the Securities Act
and their despatch to the persons entitled thereto or to their agent and
providing duplicate certificates in the place of certificates alleged to be
lost or destroyed;

 

7.                   the preparation of addressed envelopes (or such other communications as
may be permitted by the Law and the Organisational Documents) for the despatch
by or on behalf of the Company and the despatching of the Company’s annual
report and accounts, notices of annual general meetings, and such other
reports, notices and documents as the Company may from time to time require;

 

8.                   the preparation and despatch of dividend warrants (which shall be
provided in blank by the Company);

 

9.                   refusing to register any transfer of any Common Shares not made in
accordance with the provisions of Regulation S under the Securities Act, as
amended, pursuant to registration thereof under the Securities Act or pursuant
to an available exemption from such registration requirements under the
Securities Act. In particular, unless otherwise agreed with the Company, the
Registrar shall not register any transfer within the Restricted Period, without
first obtaining a letter of certification duly signed by the proposed purchaser
of Common Shares;

 

10.            the retention for a period of ten years from
the date thereof all transfers of any shares of the Company or other similar
documents and for a period of two years from the date of cancellation, all
share certificates and dividend mandates which have been cancelled;

 

11.            supplying to the Company as soon as reasonably
practicable all necessary information in order that the Register, open for
inspection at the registered office of the Company in accordance with the Law
and the Organisational Documents, may be kept up to date;

 

12.            upon instructions from the Company, arranging
for the provisions of facilities for the holding of general meetings of the
Shareholders, including the distribution of ballot papers in the event of a
poll, and if so required acting as scrutineers of any vote;

 

13.            generally performing all such functions as are
usually performed by registrars and doing all such acts and things as may be
incidental to the above duties or any of them.

 

10

 

SCHEDULE 2 - FEES

 

	
  (Clause
  7.1)

  	
   

  
	
   

  	
   

  
	
  Take on Fee

  	
  £2,500
  to cover set up of systems and procedures, review of documents and
  agreement’s, negotiations and liaison with the Company’s advisers.

  
	
   

  	
   

  
	
  Should the Company fail to list, the above fee will
  be payable in full.

  
	
   

  	
   

  
	
  Annual Fee

  	
  £8,000
  Management Fee

  
	
   

  	
  £15
  for every transfer exceeding 80 per month

  

 

·                       Any legal fees incurred in the preparation and
negotiation of this Agreement will be rechargeable to the  Company in
accordance with Clause 7.2.

 

·                       Fees will be billed quarterly in arrears and
will be subject to an annual increase in line with the Jersey Cost of Living
Index. This will commence for quarter ending 31st December 2009.

 

·                       Preparation and distribution of dividends are
excluded from the above fee tariff.

 

11Exhibit 10.42

 

	
   

  	
  DATED

  	
  JULY 14, 2008

  	
   

  

 

RESACA
EXPLOITATION, INC. (1)

 

SEYMOUR
PIERCE LIMITED (2)

 

ROYAL BANK
OF CANADA EUROPE LIMITED (3)

 

and

 

NGP CAPITAL
RESOURCES COMPANY (4)

 

	
   

  	
   

  	
   

  
	
   

  	
  LOCK-IN AND

  	
   

  
	
   

  	
  ORDERLY MARKETING DEED

  	
   

  
	
   

  	
   

  	
   

  

 

 

Solicitors and Registered Foreign Lawyers

Regulated by the Solicitors Regulation Authority

 

 

CONTENTS

 

	
  1.

  	
  DEFINITIONS
  AND INTERPRETATION

  	
  1

  
	
   

  	
   

  	
   

  
	
  2.

  	
  CONDITION
  PRECEDENT

  	
  4

  
	
   

  	
   

  	
   

  
	
  3.

  	
  LOCK-IN
  AND ORDERLY MARKETING ARRANGEMENTS

  	
  4

  
	
   

  	
   

  	
   

  
	
  4.

  	
  ORDERLY
  MARKETING

  	
  6

  
	
   

  	
   

  	
   

  
	
  5.

  	
  WARRANTIES
  AND REPRESENTATIONS

  	
  6

  
	
   

  	
   

  	
   

  
	
  6.

  	
  ISSUE
  OF ADMISSION DOCUMENT

  	
  6

  
	
   

  	
   

  	
   

  
	
  7.

  	
  ENTIRE
  AGREEMENT

  	
  7

  
	
   

  	
   

  	
   

  
	
  8.

  	
  ASSIGNMENT

  	
  7

  
	
   

  	
   

  	
   

  
	
  9.

  	
  THIRD
  PARTY RIGHTS

  	
  7

  
	
   

  	
   

  	
   

  
	
  10.

  	
  FURTHER
  ASSURANCE

  	
  7

  
	
   

  	
   

  	
   

  
	
  11.

  	
  COUNTERPARTS
  AND EXECUTION

  	
  7

  
	
   

  	
   

  	
   

  
	
  12.

  	
  INVALIDITY

  	
  7

  
	
   

  	
   

  	
   

  
	
  13.

  	
  VARIATION
  OF TERMS

  	
  8

  
	
   

  	
   

  	
   

  
	
  14.

  	
  NOTICES

  	
  8

  
	
   

  	
   

  	
   

  
	
  15.

  	
  GOVERNING
  LAW AND JURISDICTION

  	
  9

  
	
   

  	
   

  	
   

  
	
  16.

  	
  AGENT
  FOR SERVICE OF PROCESS

  	
  9

  

 

 

	
  THIS DEED is made on

  	
   

  	
  JULY 14, 2008

  

 

BETWEEN:

 

(1)                             RESACA EXPLOITATION, INC. (a corporation registered in Texas), whose
registered office is at 1331 Lamar, Suite 1450, Houston, Texas 77010, USA
(the “Company”);

 

(2)                             SEYMOUR PIERCE LIMITED (a company registered in England and Wales
with registered number 2104188), whose registered office is at 20 Old Bailey,
London EC4M 7EN (“Seymour Pierce”);

 

(3)                             ROYAL BANK OF CANADA EUROPE
LIMITED (incorporated in England and Wales with registered number
995939) whose registered office is at 71 Queen Victoria Street, London EC4V 4DE
(“RBC”); and

 

(4)                             NGP CAPITAL RESOURCES
COMPANY, whose address is
1221 McKinney Street, Suite 2975, Houston, Texas 77010 (the “Covenantor”).

 

BACKGROUND:

 

(A)                         The Company will apply to the London Stock
Exchange for all of the Enlarged Share Capital to be admitted to trading on
AIM. Seymour Pierce has agreed to act as Nominated Adviser and Broker to the
Company, and RBC has agreed to act as Broker to the Company, in connection with
such application and thereafter.

 

(B)                           Seymour Pierce has requested, as a condition
of making the application for Admission, that the Covenantor enters into this
agreement.

 

IT IS AGREED THAT :

 

1.                                       DEFINITIONS AND
INTERPRETATION

 

1.1                                 In this agreement the following words and
expressions shall have the following meanings:

 

“Act” means
the Companies Act 2006;

 

“Admission” means the admission to trading on AIM of all of the Enlarged Share
Capital in accordance with the AIM Rules, and any reference in this agreement to Admission “becoming effective” is to be construed in accordance with
rule 6 of the AIM Rules;

 

“Admission Document” means the document in the agreed form proposed
to be published by the Company in connection with the Placing and Admission as
required by and in accordance with rule 3 of the AIM Rules;

 

“Affiliates” means subsidiaries, holding companies and any subsidiaries of any such
holding companies;

 

“AIM” means
the AIM market operated by the London Stock Exchange;

 

“AIM Rules” means the rules published by the London Stock Exchange governing
admission to AIM and the regulation of AIM companies as amended or re-issued
from time to time;

 

“Board” means the board of directors of the Company or a duly authorised
committee of such board of directors;

 

“Brokers” means Seymour Pierce and RBC, appointed by the Company pursuant to
rule 35 of the AIM Rules;

 

“Business Day” means a day
(excluding Saturdays, Sundays and public holidays) on which 

 

1

 

banks
are open for business in the City of London;

 

“City Code” means the City Code on Takeovers and Mergers issued by the Panel on
Takeovers and Mergers, from time to time;

 

“Disposal” includes any direct or indirect, unconditional or conditional, sale,
grant of options over, assignment, transfer, charge, pledge, or other disposal
or agreement to dispose of any Shares or any interest in Shares and “dispose” shall be construed accordingly;

 

“Enlarged Share Capital” means the Existing Shares and the Placing
Shares;

 

“Existing Shares” means the 59,945,609 Shares in issue at the date of this agreement,
including the Sale Shares;

 

“Family Member” means in relation to an individual, the parent, sibling, spouse, widow,
adult child or grandchild (including such child or grandchild by adoption or a
step-child) of such individual;

 

“FSMA” means the Financial Services and Markets Act 2000;

 

“interest”, in relation to the Shares, shall have the meaning given to that term in
section 820 of the Act and the term “interested”
shall be construed accordingly;

 

“Locked-In Shares” has the meaning given in clause 3.3(b)(ii);

 

“London Stock Exchange” means London Stock Exchange plc;

 

“Nominated Adviser” means Seymour Pierce appointed by the Company pursuant to rule 1 of
the AIM Rules and assuming the responsibilities set out in rule 39 of
the AIM Rules;

 

“OM Shares” has the meaning given in clause 4;

 

“OM Specified Price” has the meaning given in clause 4;

 

“Orderly Marketing Period” means the period of 6 months from the end of
the Restricted Period;

 

“Placing” means the proposed placing of the Placing Shares and the Sale Shares by
Seymour Pierce in accordance with the terms and conditions set out in the
Admission Document;

 

“Placing Shares” means the 32,313,130 Shares to be issued by the Company pursuant to the
Placing;

 

“Restricted Interests” has the meaning given in clause 3.1;

 

“Restricted Period” means the period of 12 months from the date of Admission;

 

“Sale Shares” means the 8,686,870 Existing Shares to be sold by existing shareholders
in the Company, pursuant to the Placing;

 

“Shares” means the common stock of the Company, par value US$0.01;

 

“Share Transfer Agreement” means the share transfer agreement, in the
agreed form, between the partners in the Company;

 

“Specified Price” has the meaning given in clause 3.3(b)(ii);

 

“U.S. Securities Act” means the United States Securities Act of
1933; and

 

2

 

“in compliance with U.S. Securities Laws” includes (i) outside of the United States
in an offshore transaction in accordance with Rule 904 under the U.S.
Securities Act; (ii) pursuant to another available exemption from
registration under the U.S. Securities Act; or (iii) pursuant to an
effective registration statement under the U.S. Securities Act, in each of
cases (ii) or (iii) in accordance with any applicable securities laws
of any state of the United States.

 

1.2                                 In this agreement unless otherwise specified,
reference to:

 

(a)                                  “includes” and “including”
shall mean including without limitation;

 

(b)                                 a “subsidiary
undertaking” and “parent
undertaking” are to be construed in accordance with section 1162 of
the Act, a “subsidiary” or “holding company” is to be construed in accordance
with section 1159 of the Act and an “associated company” is to be construed in
accordance with section 416 et seq of the Income and Corporation Taxes Act
1988;

 

(c)                                  a document in the “agreed form” is a reference to that document in the form
approved and for the purposes of identification signed by or on behalf of each
of Seymour Pierce and the Company;

 

(d)                                 a party means a party to this agreement and
includes its permitted assignees and/or the successors in title to
substantially the whole of its undertaking which includes this agreement and,
in the case of an individual, to his or her estate and personal
representatives;

 

(e)                                  a person includes any person, individual,
company, firm, corporation, government, state or agency of a state or any
undertaking or organisation (whether or not having separate legal personality
and irrespective of the jurisdiction in or under the law of which it was
incorporated or exists);

 

(f)                                    a statute or statutory instrument or
accounting standard or any of their provisions is  to be construed as a reference to that statute
or statutory instrument or accounting standard or such provision as the same
may have been or may from time to time hereafter be amended, re-enacted or
modified, save to the extent that any such amendment, re-enactment or
modification which takes effect after the date of this agreement would impose
any new or extended obligation or liability on, or otherwise adversely affect
the rights of, any party;

 

(g)                                 “recitals”, “clauses” or “paragraphs”
are to recitals, clauses and paragraphs of this agreement.
References to this agreement shall, unless the context otherwise requires,
include references to the recitals;

 

(h)                                 writing shall include typewriting, printing,
lithography, photography and other modes of representing words in a legible
form (other than writing on an electronic or visual display screen) or other
writing in non-transitory form;

 

(i)                                     words denoting the singular shall include the
plural and vice versa and words denoting any gender shall include all genders;
and

 

(j)                                     the time of day is reference to time in
London, England.

 

1.3                                 The index to and the headings in this
agreement are for information only and are to be ignored in construing the
same.

 

1.4                                 Any term, condition or provision of this agreement
which is expressed to bind or which is given by more than one person shall,
unless expressly stated to the contrary, bind them jointly and each of them
severally.

 

1.5                                 All commissions, fees and expenses payable
under or in connection with this agreement are stated exclusive of VAT (if
any).

 

3

 

2.                                       CONDITION PRECEDENT

 

2.1                                 The obligation of the parties hereunder are
conditional upon Admission.

 

2.2                                 If the condition set out in clause 2.1 is not
fulfilled by 5:00 p.m. on 31 July 2008, this agreement shall cease
and determine and no party shall have any claim against any other party for
costs, damages, compensation or otherwise in respect of it.

 

3.                                       LOCK-IN AND ORDERLY MARKETING
ARRANGEMENTS

 

3.1                                 The Covenantor hereby undertakes with each of
the Company, Seymour Pierce and RBC that, except as provided in clauses 3.2 and
3.3, he will not during the Restricted Period effect any Disposal of his
interest in all or any Shares or warrants, options or other rights of
whatsoever nature to subscribe for or convert or exchange any securities into,
or otherwise acquire, any Shares (irrespective of whether such options or
rights are conditional or contingent) which are, in each case, beneficially
owned, held or controlled by him at Admission excluding any Sale Shares (the “Restricted Interests”).

 

3.2                            Subject to clause 3.3, the restrictions
contained in clauses 3.1 and 4 shall not apply to any of the following:

 

(a)                                  any Disposal which is notified in writing in
advance to the Board, Seymour Pierce and RBC and to which each of the Board,
Seymour Pierce and RBC acting reasonably and in good faith gives its prior
consent in writing;

 

(b)                                 any Disposal by way of gift:

 

(i)                                     by any individual to a Family Member;

 

(ii)                                  by any individual to any person or persons
acting in the capacity of trustee or trustees of a trust created by such
individual or, upon any change of trustees of a trust so created, to the new
trustee or trustees, provided that there are no persons beneficially interested
under the trust other than the individual and his Family Members;

 

(iii)                               by any individual to any person or persons
acting in the capacity of trustee or trustees of a trust established for
charitable purposes only or, upon any change of trustees of a trust so created,
to the new trustee or trustees; or

 

(iv)                              by the trustee or trustees of a trust to which
subparagraphs (ii) or (iii) apply to any person beneficially
interested under that trust,

 

provided
that, prior to the making of any such Disposal, the Board (acting reasonably
and in good faith) are satisfied that the transferee falls within one of the
categories (i) to (iv) above and any such transferee first gives an
undertaking to the Company, Seymour Pierce and RBC in like terms to those in
this clause 3 and contained in a deed, in such form as Seymour Pierce and RBC
may require, duly executed by the transferee and delivered to the Company,
Seymour Pierce and RBC;

 

(c)                                  in the event of an intervening court order;

 

(d)                                 to the acceptance of a general, partial or
tender offer made to shareholders of the Company (or to all such shareholders
other than the offeror and/or any body corporate controlled by the offeror
and/or any persons acting in concert with the offeror) to acquire all the
issued Shares (other than any Shares which are already owned by the person
making such offer and any other person acting in concert with him or it);

 

(e)                                  to the execution of an irrevocable undertaking
to accept a general, partial or tender offer made to shareholders of the
Company (or to all such shareholders other than

 

4

 

the
offeror and/or any body corporate controlled by the offeror and/or any persons
acting in concert with the offeror) to acquire all the issued Shares (other
than any Shares which are already owned by the person making such offer and any
other person acting in concert with him or it);

 

(f)                                    to a Disposal pursuant to a compromise or
arrangement between the Company and its creditors or any class of them or between
the Company and its shareholders or any class of them which is agreed to by the
creditors or shareholders in accordance with relevant laws and regulations;

 

(g)                                 any Disposal to or by  the personal representatives of any Director who shall die during the
Restricted Period;

 

(h)                                 any Disposal pursuant to acceptance of an
offer by the Company to purchase its own Shares which is made on identical
terms to all holders of its Shares;

 

(i)                                     if the Shares are no longer listed on AIM;

 

(j)                                     any Disposal to Affiliates, shareholders,
partners, members, directors, managers, employees or consultants of the
Covenantor, provided that such Affiliates, shareholders, partners, members,
directors, managers, employees or consultants agree to be bound in writing by
the restrictions on further Disposal and requirements of orderly marketing set
forth herein;

 

(k)                                  any Disposal of interests in the Shares as
collateral for a loan extended to the Covenantor, provided that the lender
agrees in writing to be bound by the restrictions on further Disposal and
requirements of orderly marketing set forth in herein; or

 

(l)                                     any Disposal required to be made pursuant to
the Share Transfer Agreement.

 

3.3                                 Any Disposals permitted pursuant to the
provisions of clause 3.2 shall be subject to the following provisions:

 

(a)                                  except as prohibited by applicable law,
regulation or judicial order, any Disposals shall be notified in advance to the
Company, Seymour Pierce and RBC in writing at least 5 Business Days prior to
the entry into of any agreement or undertaking relating to the same, save in
respect of:

 

(i)                                     any Disposal to trustees pursuant to clause
3.2(b)(iii), where only prior notice shall be required;

 

(ii)                                  any Disposal to personal representatives
pursuant to clause 3.2(g), where notice shall be as soon after such Disposal as
shall be reasonably practicable; and

 

(iii)                               any Disposal required to be made pursuant to
the Share Transfer Agreement, where notice shall be as soon after such Disposal
as shall be reasonably practicable.

 

(b)                                 if a Covenantor wishes to make a Disposal
pursuant to clause 3.2(a) or 3.2(g) (insofar as it relates to a sale
by the personal representatives) he, or in the case of clause 3.2(g) the
personal representative, shall:

 

(i)                                     notify the Company, Seymour Pierce and RBC in
advance of his intention to effect such a sale pursuant to paragraph
(a) above; and

 

(ii)                                  instruct RBC to arrange the Disposal of such
shares (the “Locked-In Shares”) at not less than the minimum price
which he requests for the Locked-In Shares (the “Specified Price”) and
if RBC fails to satisfy any of the following:

 

5

 

(1)                                 arrange for the Disposal of the Locked-In
Shares at a price not less than the Specified Price within 5 Business Days of
RBC being - instructed to do so;

 

(2)                                 provide best execution and competitive terms
of disposal; or

 

(3)                                 offer a fee and commission competitive with
those charged by other reputable brokers,

 

then the Covenantor shall be entitled to sell all or any of the
Locked-In Shares otherwise than through RBC provided that the Locked-In Shares
are not sold at a price less than the Specified Price,

 

subject
always to the Company, Seymour Pierce and RBC having the right, at their
reasonable discretion, to waive the notice period pursuant to paragraph 3.3(a) above.

 

4.                                      ORDERLY MARKETING

 

The
Covenantor hereby undertakes with
each of the Company, Seymour Pierce and RBC that, in respect of any Disposal of
any Restricted Interest during the Orderly Marketing Period, he will instruct
RBC to arrange for the Disposal of such shares (the “OM Shares”) at not less than the minimum price which he
requests for the Locked-In Shares (the “OM Specified Price”) and if RBC fails to satisfy any of the
following:

 

(a)                                 arrange for the Disposal of the OM Shares at a
price not less than the OM Specified Price within 5 Business  Days of RBC being instructed to do so;

 

(b)                                 provide best execution and competitive terms
of disposal; or

 

(c)                                  offer a fee and commission competitive with
those charged by other reputable brokers,

 

then
the Covenantor shall be entitled to sell all or any of the OM Shares otherwise
than through RBC provided that the OM Shares are not sold at a price less than
the OM Specified Price.

 

5.                                      WARRANTIES AND
REPRESENTATIONS

 

The
Covenantor warrants, represents and undertakes to the Company, Seymour Pierce
and RBC that any Disposal made by it during the Restricted Period and the
Orderly Marketing Period shall be in compliance with U.S. Securities Laws and
any other applicable laws.

 

6.                                      ISSUE OF ADMISSION DOCUMENT

 

6.1                               Admission Document

 

The
Covenantor acknowledges that the existence of this agreement and its contents
are to be referred to in the Admission Document and that these are matters
which can reasonably be expected to influence the decision of potential
investors (both immediately prior to Admission and subsequently) whether or not
to subscribe for or purchase Shares.

 

6.2                               Covenantor’s
consent

 

The
Covenantor consents to the inclusion in the Admission Document of references to
this agreement and its contents.

 

6

 

7.                                      ENTIRE AGREEMENT

 

7.1                               Entire agreement

 

This
agreement represents the whole and only agreement between the parties in
relation to the way the Restricted Interests are to be dealt with from
Admission up to and including the end of the Orderly Marketing Period and
supersedes any previous agreement whether written or oral between all or any of
the parties in relation to that subject matter. Accordingly, all other terms,
conditions, representations, warranties and other statements which would
otherwise be implied (by law or otherwise) shall not form part of this
agreement.

 

7.2                               No liability unless statement
made fraudulently

 

No
party shall have any liability or remedy in tort in respect of any
representation, warranty or other statement (other than those contained in this
agreement) being false, inaccurate or incomplete unless it was made
fraudulently, wilfully or deliberately.

 

8.                                      ASSIGNMENT

 

This
agreement, and the rights and obligations arising under it, shall not be
assignable nor transferable without the prior written agreement of each of the
other parties hereto (such agreement not to be unreasonably withheld or
delayed), provided that the Covenantor shall be permitted to assign rights and
obligations under this agreement if and to the extent necessary to comply with
clause 3.2(j).

 

9.                                      THIRD PARTY RIGHTS

 

Except
as otherwise expressly stated herein, nothing in this agreement shall confer
any rights on any person (other than the parties hereto) pursuant to the
Contracts (Rights of Third Parties) Act 1999.

 

10.                               FURTHER ASSURANCE

 

At
any time after the date of this agreement, the Covenantor shall, and shall use
all reasonable endeavours to procure (to the extent that he can) that any
necessary third party shall, execute such documents and do such acts and things
as the Company, Seymour Pierce or RBC may reasonably require for the purpose of
giving the Company, Seymour Pierce or RBC the full benefit of all the
provisions of this agreement in relation to the obligations of the Covenantor.

 

11.                               COUNTERPARTS AND EXECUTION

 

11.1                        Any number of counterparts

 

This
agreement may be executed in any number of counterparts and by the parties on
separate counterparts but shall not be effective until each of the parties has
executed at least one counterpart.

 

11.2                        Each counterpart an original

 

Each
counterpart shall constitute an original of this agreement but all the
counterparts shall together constitute but one and the same instrument.

 

11.3                        Execution as a deed

 

The
parties to this agreement have agreed to execute this agreement as a deed.

 

12.                               INVALIDITY

 

If
at any time any provision of this agreement is or becomes illegal, invalid or
unenforceable in any respect under the law of any jurisdiction that shall not
affect or impair:

 

(a)                                 the legality, validity or enforceability in
that jurisdiction of any other provision of this agreement; or

 

7

 

(b)                                 the legality, validity or enforceability under
the law of any other jurisdiction of that or any other provision of this
agreement.

 

13.                               VARIATION OF TERMS

 

The
provisions of the agreement may be varied from time to time by agreement of the
parties, provided that no such variation shall be effective unless in writing
and signed by or on behalf of each of the parties.

 

14.                               NOTICES

 

14.1                        Form of notices

 

All
notices and other communications relating to this agreement:

 

(a)                                 shall be in English and in writing;

 

(b)                                 shall be delivered by hand or sent by post or
fax;

 

(c)                                  subject to clause 15 shall be delivered or
sent to the party concerned at the relevant address or number, as appropriate,
and marked all as shown in clause 14.3;

 

(d)                                 shall take effect:

 

(i)                                     if delivered, upon delivery;

 

(ii)                                  if posted, at the earlier of the time of
delivery and (if posted in the United Kingdom by first class registered post)
10:00 am on the second Business Day after posting or (if posted outside the
United Kingdom by first class registered air mail post) 10:00 am on the fifth
Business Day after posting; or

 

(e)                                  if sent by fax, when confirmation of its
uninterrupted transmission has been recorded by the sender’s fax machine;

 

provided
that if any communication would otherwise become effective on a non-Business
Day or after 5 pm on a Business Day, it shall instead become effective at 10:00
am on the next Business Day and if it would otherwise become effective at
before 9:00 am on a Business Day, it shall instead become effective at 10:00 am on that Business Day.

 

14.2                        In this clause 14 reference to a “Business Day” shall mean a day, other than a Saturday, Sunday
or public holiday, in the jurisdiction in which the recipient of a notice or
other communication is located.

 

14.3                        Initial details of the
parties

 

The
initial details for the purposes of clause 14.1 are:

 

	
  Party:

  	
  Resaca
  Exploitation, Inc.

  
	
  Address:

  	
  1331
  Lamar, Suite 1450, Houston, Texas 77010, USA

  
	
  Fax
  Number:

  	
  +1
  713 650 1246

  
	
  Marked
  for the Attention of:

  	
  Chief
  Financial Officer

  
	
   

  	
   

  
	
  Party:

  	
  Seymour
  Pierce Limited

  
	
  Address:

  	
  20
  Old Bailey, London EC4M 7EN

  
	
  Fax
  Number:

  	
  +44
  207 107 8100

  
	
  Marked
  for the Attention of:

  	
  Jonathan
  Wright

  
	
   

  	
   

  
	
  Party:

  	
  Royal
  Bank of Canada Europe Limited

  
	
  Address:

  	
  71
  Queen Victoria Street, London EC4V 4DE

  

 

8

 

	
  Fax
  Number:

  	
  +44
  207 029 7924

  
	
  Marked
  for the Attention of:

  	
  Andrew
  Smith

  
	
   

  	
   

  
	
  Party:

  	
  NGP
  Capital Resources Company

  
	
  Address:

  	
  Attn:
  R. Kelly Plato

  
	
   

  	
  1221
  McKinney Street, Suite 2975

  
	
   

  	
  Houston,
  Texas 77010

  
	
  Fax
  Number:

  	
  +1
  713 752 0063

  

 

14.4                        Notice to personal
representatives

 

If
any of the parties (being an individual) dies, then until receipt by the other
parties of a certified copy of the grant of representation to the estate of the
deceased, any notice or other communication addressed to the deceased or to his
personal representatives and sent or delivered in accordance with clause 14.1
shall for all purposes be deemed sufficient service of that communication on
the deceased and his personal representatives and shall be effectual as if the
deceased were still living.

 

15.                               GOVERNING LAW AND
JURISDICTION

 

This
agreement shall be governed by and interpreted in accordance with English law
and the parties hereto submit to the exclusive jurisdiction of the English
courts.

 

16.                               AGENT FOR SERVICE OF PROCESS

 

The
Company and the Covenantor each irrevocably appoints King & Spalding
International LLP as its/his agent for service and agrees that any document to
be served in relation to this agreement may be sufficiently and effectively
served on it/him in connection with proceedings in England by service on King &
Spalding International LLP (marked for the attention of Jonathan Martin) in
accordance with the provisions of clause 14. In the event of that agent (or any
replacement agent) ceasing so to act, the Company and the Covenantor undertake
to appoint another person resident in England as its/his agent for that purpose
and to procure that notice of that appointment is given to the each of the
other parties to this agreement in accordance with the provisions of clause 14.

 

9

 

IN WITNESS
of which the parties have executed this document as a deed on the date set out
above.

 

 

	
  EXECUTED and DELIVERED as
  a DEED by

  	
  )

  	
   

  
	
  RESACA EXPLOITATION, INC

  	
  )

  	
  /s/
  [ILLEGIBLE]

  
	
   

  	
  Authorised
  Signatory

  
	
   

  	
   

  
	
   

  	
  /s/
  [ILLEGIBLE]

  
	
   

  	
  Authorised
  Signatory

  
	
   

  	
   

  
	
   

  	
   

  
	
  EXECUTED and DELIVERED as
  a DEED by

  	
  )

  	
   

  
	
  SEYMOUR
  PIERCE LIMITED

  	
  )

  	
  /s/
  [ILLEGIBLE]

  
	
   

  	
  Director

  
	
   

  	
   

  
	
   

  	
  /s/
  [ILLEGIBLE]

  
	
   

  	
  Director/Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
  EXECUTED and DELIVERED as
  a DEED by

  	
  )

  	
   

  
	
  ROYAL BANK OF CANADA EUROPE LIMITED

  	
  )

  	
   

  
	
   

  	
  Authorised
  Signatory

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Authorised
  Signatory

  

 

 

	
  EXECUTED and DELIVERED as
  a DEED by

  	
  )

  	
   

  
	
  SEYMOUR
  PIERCE LIMITED

  	
  )

  	
   

  
	
   

  	
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Director/Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
  EXECUTED and DELIVERED as
  a DEED for

  	
  )

  	
   

  
	
  and on behalf of

  	
  )

  	
   

  
	
  ROYAL BANK OF CANADA EUROPE

  	
  )

  	
   

  
	
  LIMITED:

  	
  /s/
  [ILLEGIBLE]

  
	
   

  	
  Managing
  Director (GIB)

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Witness

  	
   

  	
   

  
	
  Signature

  	
  /s/
  Sarah Wharry

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name

  	
  :

  	
  Sarah
  Wharry

  	
   

  
	
  Occupation

  	
  :

  	
  Investment
  Banker

  	
   

  
	
  Address

  	
  :

  	
  47
  Parma Crescent

  	
   

  
	
   

  	
   

  	
  London
  SW11 1LT

  	
   

  
					

 

 

	
  EXECUTED and DELIVERED as
  a DEED by

  	
  )

  	
   

  
	
  NGP CAPITAL RESOURCES COMPANY

  	
  )

  	
  /s/
  [ILLEGIBLE]

  
	
   

  	
  Authorised
  Signatory

  

 

In
the presence of:

 

	
  Witness
  Signature :

  	
  /s/
  Nichole Dotson-Olajuwon

  	
   

  
	
   

  	
   

  	
   

  
	
  Witness
  Name :

  	
  Nichole
  Dotson-Olajuwon

  	
   

  
	
   

  	
   

  	
   

  
	
  Witness
  Address:

  	
  333
  Clay Street, Houston TX 77002

  	
   

  
	
   

  	
   

  	
   

  
	
  Witness
  Occupation:

  	
  attorney

  	
   

  

 

Signature Page to Lock-In and Orderly Marketing Deed

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}]]