Document:

Exhibit 10.13

 

LONE PINE RESOURCES INC. 2011 STOCK INCENTIVE PLAN

 

FORM OF
 RESTRICTED STOCK AGREEMENT

 

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made as of the            day of                 , 20    , between Lone Pine Resources Inc., a Delaware corporation (the “Company”), and                                              (the “Director”).

 

1.             Award.  Pursuant to the Lone Pine Resources Inc. 2011 Stock Incentive Plan (the “Plan”), as of the date of this Agreement,                      shares of the Company’s common stock, par value $.01 per share (the “Restricted Stock”), shall be issued as hereinafter provided in the Director’s name subject to certain restrictions thereon, in consideration for the services that the Director has performed for the Company and/or services that will be provided in the future.  The Restricted Stock shall be issued upon acceptance of this Agreement by the Director and upon satisfaction of the conditions of this Agreement.  The Director acknowledges receipt of a copy of the Plan, and agrees that this award of Restricted Stock shall be subject to all of the terms and provisions of the Plan, including future amendments thereof, if any, pursuant to the terms thereof.  In the event of any conflict between the terms of this Agreement and the Plan, the Plan shall control.

 

2.             Definitions.  Capitalized terms used in this Agreement that are not defined below or in the body of this Agreement shall have the meanings given to them in the Plan.  In addition to the terms defined in the body of this Agreement, the following capitalized words and terms shall have the meanings indicated below:

 

(a)           “Corporate Change” shall mean the occurrence of any one or more of the following events:

 

(i)            the Company shall not be a surviving or continuing entity in any merger, amalgamation, consolidation or other reorganization or business combination (or survives or continues only as a subsidiary of an entity other than a previously wholly-owned subsidiary of the Company);

 

(ii)           the Company sells, leases or exchanges all or substantially all of its assets to any other person or entity (other than a wholly-owned subsidiary of the Company);

 

(iii)          the Company is to be dissolved  and liquidated;

 

(iv)          any person or entity, including a “group” as contemplated by Section 13(d)(3) of the Exchange Act, acquires or gains ownership or control (including, without limitation, power to vote) of more than 50% of the outstanding shares of the Company’s voting stock (based on voting power); or

 

(v)           as a result of or in connection with a contested election of directors, the persons who were directors of the Company before such election shall cease to constitute a majority of the Board.

 

 

Notwithstanding the foregoing, the term “Corporate Change” shall not include (1) any merger, amalgamation, consolidation or other reorganization or business combination involving solely the Company and one or more previously wholly-owned subsidiaries of the Company or (2) a distribution, or spin-off, of some or all of the shares of the Company’s common stock beneficially owned by Forest Oil Corporation to the shareholders of Forest Oil Corporation.

 

(b)          “Disability” shall mean that, in the determination of the Board in its discretion, the Director is permanently and totally unable to serve as a member of the Board as a result of any medically determinable physical or mental impairment as supported by a written medical opinion to the foregoing effect by a physician selected by the Board (unless the Board determines that such medical opinion is not necessary).

 

(c)           “Earned Shares” means the Restricted Stock after the lapse of the Forfeiture Restrictions without forfeiture.

 

(d)          “Forfeiture Restrictions” shall have the meaning specified in Section 3(a) hereof.

 

3.             Restricted Stock.  The Director hereby accepts the Restricted Stock when issued and agrees with respect thereto as follows:

 

(a)           Forfeiture Restrictions.  The Restricted Stock may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions, and in the event of termination of the Director’s membership on the Board for any reason other than death or Disability, the Director shall, for no consideration, forfeit and surrender to the Company all Restricted Stock to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Stock to the Company upon termination of membership on the Board as provided in the preceding sentence are herein referred to as the “Forfeiture Restrictions.”  The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Stock.

 

(b)           Lapse of Forfeiture Restrictions.  Provided that the Director has continuously served as a member of the Board from the date of this Agreement through the lapse date described in this sentence, the Forfeiture Restrictions shall lapse and cease to apply with respect to 100% of the shares of Restricted Stock on the earlier of (i)                               , 20    , (ii) the date upon which a Corporate Change occurs, or (iii) the date upon which the Director’s membership on the Board is terminated by reason of death or Disability.  Any shares of Restricted Stock with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding sentence shall be forfeited and surrendered to the Company for no consideration as of the date of the termination of the Director’s membership on the Board.

 

(c)           Certificates.  A physical stock certificate evidencing the Restricted Stock shall be issued by the Company in the Director’s name, pursuant to which the Director shall have all of the rights of a stockholder of the Company with respect to the Restricted Stock, including, without limitation, voting rights and the right to receive dividends (provided, however, that dividends paid in shares of the Company’s stock shall be deemed to be Restricted Stock and subject to the Forfeiture Restrictions and further provided that dividends that are paid other than

 

2

 

in shares of the Company’s stock shall be paid no later than the end of the calendar year in which the dividend for such class of stock is paid to stockholders of such class or, if later, the 15th day of the third month following the date the dividend is paid to stockholders of such class of stock).  The Director may not sell, assign, pledge, exchange, hypothecate or otherwise transfer, encumber or dispose of Restricted Stock until the Forfeiture Restrictions have lapsed, and a breach of the terms of this Agreement shall cause a forfeiture of the Restricted Stock. Instead of issuing physical certificates representing Restricted Stock, the Company, in its sole discretion, may elect to evidence and complete the delivery of the Restricted Stock by means of electronic, book-entry statement in the records of the Company’s stock transfer agent.

 

Certificates representing Restricted Stock, if any, shall be delivered upon issuance to the Secretary of the Company or to such other depository as may be designated by the Committee as a depository for safekeeping until the forfeiture of such Restricted Stock occurs or the Forfeiture Restrictions lapse pursuant to the terms of the Plan and this Agreement. Upon the lapse of the Forfeiture Restrictions without forfeiture, the Company shall cause a new certificate or certificates to be issued without legend (except for any legend required pursuant to applicable securities laws or stock exchange rules or any other agreement to which the Director is a party) in the name of the Director in exchange for the certificate or certificates evidencing the Restricted Stock, or, as may be the case, the Company shall issue appropriate instructions to the transfer agent if the electronic, book-entry method is utilized. In any event, the Company, in its sole discretion, may elect to deliver the shares in certificated or electronic, book-entry form to a brokerage account established for the Director’s account at a brokerage or financial institution selected by the Company. Upon request, concurrent with or subsequent to completion and return of this Agreement, the Director shall deliver to the Company a stock power, endorsed in blank, relating to the Restricted Stock to enable it to deliver the Restricted Stock on the Director’s behalf.

 

(d)           Corporate Acts.  The existence of the Restricted Stock shall not affect in any way the right or power of the Board or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any merger, amalgamation, consolidation or other reorganization or business combination of the Company, any issue of debt or equity securities, the dissolution or liquidation of the Company or any sale, lease, exchange or other disposition of all or any part of its assets or business or any other corporate act or proceeding.  The Forfeiture Restrictions shall not apply to the transfer of Restricted Stock pursuant to a plan of reorganization or arrangement of the Company, but the stock, securities or other property received in exchange therefor shall also become subject to the Forfeiture Restrictions and provisions governing the lapsing of such Forfeiture Restrictions applicable to the original Restricted Stock for all purposes of this Agreement, and the certificates representing such stock, securities or other property (if any) shall be legended to show such restrictions.

 

4.             Withholding of Tax.  To the extent that the receipt of the Restricted Stock or the lapse of any Forfeiture Restrictions results in compensation income or wages to the Director for federal, state or local tax purposes, the Director shall deliver to the Company at the time of such receipt or lapse, as the case may be, such amount of money as the Company may require to meet its minimum withholding obligations under applicable tax laws or regulations, and if the Director fails to do so, the Company is authorized to withhold from any cash or stock remuneration

 

3

 

(including withholding any shares of Restricted Stock or Earned Shares distributable to the Director under this Agreement) then or thereafter payable to the Director any tax required to be withheld by reason of such resulting compensation income or wages.  The Director acknowledges and agrees that the Company is making no representation or warranty as to the tax consequences to the Director as a result of the receipt of the Restricted Stock, the lapse of any Forfeiture Restrictions or the forfeiture and surrender of any Restricted Stock pursuant to the Forfeiture Restrictions.

 

5.             Status of Stock.  The Director agrees that the Restricted Stock and Earned Shares issued under this Agreement will not be sold or otherwise disposed of in any manner which would constitute a violation of any applicable federal, provincial, state or local securities laws.  The Director also agrees that (a) the certificates (or uncertificated book-entry shares, as the case may be) representing the Restricted Stock and Earned Shares may bear such legend or legends as the Committee, in its sole discretion, deems appropriate in order to reflect the Forfeiture Restrictions and to comply with the terms and provisions of this Agreement and applicable securities laws and stock exchange rules, (b) the Company may refuse to register the transfer of the Restricted Stock or Earned Shares on the stock transfer records of the Company if such proposed transfer would constitute a violation of the Forfeiture Restrictions or, in the opinion of counsel satisfactory to the Company, of any applicable securities law, and (c) the Company may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Restricted Stock or Earned Shares.

 

6.             Membership on the Board.  Nothing in the adoption of the Plan, nor the award of the Restricted Stock thereunder pursuant to this Agreement, shall confer upon the Director the right to continued membership on the Board or affect in any way the right of the Company to terminate such membership at any time.  Any question as to whether and when there has been a termination of the Director’s membership on the Board, and the cause of such termination, shall be determined by the Board or its delegate, and its determination shall be final.

 

7.             Notices.  Any notices or other communications provided for in this Agreement shall be sufficient if in writing.  In the case of the Director, such notices or communications shall be effectively delivered if hand delivered to the Director or if sent by registered or certified mail to the Director at the last address the Director has filed with the Company.  In the case of the Company, such notices or communications shall be effectively delivered if sent by registered or certified mail to the Company at its principal executive offices.

 

8.             Entire Agreement; Amendment.  This Agreement replaces and merges all previous agreements and discussions relating to the same or similar subject matters between the Director and the Company and constitutes the entire agreement between the Director and the Company with respect to the subject matter of this Agreement.  This Agreement may not be modified in any respect by any verbal statement, representation or agreement made by any employee, officer, or representative of the Company or by any written agreement unless signed by an officer of the Company who is expressly authorized by the Company to execute such document.

 

9.             Binding Effect; Survival.  This Agreement shall be binding upon and inure to the benefit of any successors to the Company and all persons lawfully claiming under the Director.  

 

4

 

The provisions of Section 5 shall survive the lapse of the Forfeiture Restrictions without forfeiture.

 

10.           Clawback.             Notwithstanding any provisions in this Agreement to the contrary, any portion of the payments and benefits provided under this Agreement or the sale of shares of stock shall be subject to a clawback to the extent necessary to comply with applicable law including, without limitation, the requirements of the United States Dodd-Frank Wall Street Reform and Consumer Protection Act or any United States Securities and Exchange Commission rule.

 

11.           Controlling Law.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware.

 

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer thereunto duly authorized, and the Director has executed this Agreement, all as of the date first above written.

 

	
 
    	
LONE   PINE RESOURCES INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
DIRECTOR
    

 

5Exhibit 10.14

 

LONE PINE RESOURCES INC. 2011 STOCK INCENTIVE PLAN

 

FORM OF

PHANTOM STOCK UNIT (in lieu of RESTRICTED STOCK) AGREEMENT FOR

CANADIAN DIRECTOR GRANTEES

 

THIS PHANTOM STOCK UNIT AGREEMENT (this “Agreement”) is made as of the            day of                 , 20    , between Lone Pine Resources Inc., a Delaware corporation (the “Company”), and                                              (the “Director”).

 

1.             Award.  Pursuant to the Lone Pine Resources Inc. 2011 Stock Incentive Plan (the “Plan”), as of the date of this Agreement, and in consideration of the services that the Director has provided to the Company and the services to be provided by the Director to the Company in the future, the Company hereby makes a grant of Phantom Stock Units (as defined below).

 

(a)           Units.   Pursuant to the Plan,                  units (the “Phantom Stock Units”) shall be granted to the Director as hereinafter provided and credited to a notional account maintained by the Company in the Director’s name, subject to certain restrictions thereon.  On the terms and conditions set out herein and in the Plan, the Phantom Stock Units shall be settled in newly-issued shares of the Company’s common stock, par value $.01 per share (the “Shares”).   The Phantom Stock Units constitute a “Phantom Stock Award” under the Plan.

 

(b)           Grant of Phantom Stock Units.  The Phantom Stock Units shall be granted upon acceptance hereof by the Director.  The Director acknowledges receipt of a copy of the Plan and agrees that this award of Phantom Stock Units shall be subject to all of the terms and provisions of the Plan, including future amendments thereof, if any, pursuant to the terms thereof.  In the event of any conflict between the terms of this Agreement and the Plan, the Plan shall control.

 

2.             Definitions.  Capitalized terms used in this Agreement that are not defined below or in the body of this Agreement shall have the meanings given to them in the Plan.  In addition to the terms defined in the body of this Agreement, the following capitalized words and terms shall have the meanings indicated below:

 

(a)           “Corporate Change” shall mean the occurrence of any one or more of the following events:

 

(i)            the Company shall not be a surviving or continuing entity in any merger, amalgamation, consolidation or other reorganization or business combination (or survives or continues only as a subsidiary of an entity other than a previously wholly-owned subsidiary of the Company);

 

(ii)           the Company sells, leases or exchanges all or substantially all of its assets to any other person or entity (other than a wholly-owned subsidiary of the Company);

 

 

(iii)          the Company is to be dissolved  and liquidated;

 

(iv)          any person or entity, including a “group” as contemplated by Section 13(d)(3) of the Exchange Act, acquires or gains ownership or control (including, without limitation, power to vote) of more than 50% of the outstanding shares of the Company’s voting stock (based on voting power); or

 

(v)           as a result of or in connection with a contested election of directors, the persons who were directors of the Company before such election shall cease to constitute a majority of the Board.

 

Notwithstanding the foregoing, the term “Corporate Change” shall not include (1) any merger, amalgamation, consolidation or other reorganization or business combination involving solely the Company and one or more previously wholly-owned subsidiaries of the Company or (2) a distribution, or spin-off, of some or all of the shares of the Company’s common stock beneficially owned by Forest Oil Corporation to the shareholders of Forest Oil Corporation.

 

(b)           “Disability” shall mean that, in the determination of the Board in its discretion, the Director is permanently and totally unable to serve as a member of the Board as a result of any medically determinable physical or mental impairment as supported by a written medical opinion to the foregoing effect by a physician selected by the Board (unless the Board determines that such medical opinion is not necessary).

 

(c)           “Forfeiture Restrictions” shall have the meaning specified in Section 3(a) hereof.

 

(d)           “Vesting Date” shall mean the date, if any, upon which the Forfeiture Restrictions lapse pursuant to Section 3(b) below.

 

3.             Terms of Phantom Stock Unit Grant.  The Director hereby accepts the Phantom Stock Units when granted and agrees with respect thereto as follows:

 

(a)           Forfeiture Restrictions.  The Phantom Stock Units may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of prior to the Vesting Date, and in the event of termination of the Director’s membership on the Board prior to the Vesting Date for any reason other than death or Disability, the Director shall, for no consideration, forfeit and surrender to the Company all Phantom Stock Units to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Phantom Stock Units to the Company upon termination of membership on the Board as provided in the preceding sentence are herein referred to as the “Forfeiture Restrictions.”

 

(b)           Lapse of Forfeiture Restrictions and Settlement of Phantom Stock Units.  Provided that the Director has continuously served as a member of the Board from the date of this Agreement through the Vesting Date described in this sentence, the Phantom Stock Units shall vest and the Forfeiture Restrictions shall lapse and cease to apply with respect to 100% of the Phantom Stock Units on the earlier of (i)                               , 20    , (ii) the date upon which a Corporate Change occurs, or (iii) the date upon which

 

2

 

the Director’s membership on the Board is terminated by reason of death or Disability.  Any Phantom Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding sentence shall be forfeited and surrendered to the Company for no consideration as of the date of the termination of the Director’s membership on the Board.

 

Settlement of vested Phantom Stock Units shall be made by delivery from the Company of one newly-issued Share for each whole Phantom Stock Unit.  As soon as reasonably practicable after the Vesting Date (but in no event later than December 15 of the calendar year in which the Vesting Date occurs), the Company will deliver Shares to the Director in settlement of the Director’s vested Phantom Stock Units, subject to (a) the Director’s satisfaction of applicable taxes and other required source deductions (as described in Section 4) and (b) the condition that if at any time the Board or the Committee shall determine in its discretion that the listing, registration, or qualification of the Shares is required under any federal, provincial or state laws or under the rules of any securities exchange, or consent or approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the issuance of the Shares, then this grant of Phantom Stock Units will not vest in whole or in part unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board or the Committee.  Upon the lapse of the Forfeiture Restrictions without forfeiture, the Company shall cause the applicable number of Shares to be issued in the name of the Director in exchange for and as settlement of the vested Phantom Stock Units.  Instead of issuing physical certificates representing the Shares, the Company, in its sole discretion, may elect to evidence and complete the delivery of the Shares by means of electronic, book-entry statement in the records of the Company’s stock transfer agent.  In any event, the Company, in its sole discretion, may elect to deliver the Shares either in certificated form or electronic, book-entry form to a brokerage account established for the Director’s benefit at a brokerage or financial institution selected by the Company.  Certificates representing Shares, if any, may bear such legend or legends as the Committee, in its sole discretion, deems appropriate in order to comply with the terms and provisions of this Agreement and applicable securities laws and stock exchange rules.    The Director agrees to complete and sign any documents, including stock powers, and to take any additional action that the Company may request to enable it to deliver the Shares on the Director’s behalf.  Further, the Director agrees that any Shares issued under this Agreement will not be sold or otherwise disposed of in any manner which would constitute a violation of any applicable federal, provincial, state or local securities laws.

 

(c)           Corporate Acts.  The existence of the Phantom Stock Units shall not affect in any way the right or power of the Board or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any merger, amalgamation, consolidation or other reorganization or business combination of the Company, any issue of debt or equity securities, the dissolution or liquidation of the Company or any sale, lease, exchange or other disposition of all or any part of its assets or business or any other corporate act or proceeding. Prior to the settlement date, the Committee shall have the right, in its sole discretion, to determine to make or determine not to make adjustments to any Phantom

 

3

 

Stock Units in the event of a recapitalization, reorganization or other change in the Company’s capital structure or business, or any merger, amalgamation, consolidation or other reorganization or business combination as described in the Plan.

 

4.             Withholding of Tax.  To the extent that the receipt of the Phantom Stock Units or the settlement of Phantom Stock Units results in employment income, compensation income, wages or other taxable income to the Director for federal, state, provincial or local tax purposes, the Director shall deliver to the Company at the time of such receipt or settlement, as the case may be, such amount of money as the Company may require to ensure that it can comply with its withholding obligations under applicable tax laws or regulations, and if the Director fails to do so, the Company is authorized to withhold from any cash or stock remuneration (including withholding any Shares distributable to the Director under this Agreement) then or thereafter payable to the Director in respect of any tax or other source deductions required to be withheld by reason of such resulting employment income, compensation income, wages or other taxable income.  The Director acknowledges and agrees that the Company is making no representation or warranty as to the tax consequences to the Director as a result of the grant, settlement or forfeiture and surrender of Phantom Stock Units.

 

5.             Membership on the Board.  Nothing in the adoption of the Plan, nor the award of the Phantom Stock Units thereunder pursuant to this Agreement, shall confer upon the Director the right to continued membership on the Board or affect in any way the right of the Company to terminate such membership at any time.  Any question as to whether and when there has been a termination of the Director’s membership on the Board, and the cause of such termination, shall be determined by the Board or its delegate, and its determination shall be final.

 

6.             Rights as Holder of Phantom Stock Units.  The Phantom Stock Units represent an unsecured and unfunded right to receive a payment in Shares, which right is subject to the terms, conditions and restrictions set forth in this Agreement and the Plan.  Accordingly, the Director will have no rights as a stockholder with respect to any Shares covered by this Agreement until the Phantom Stock Units vest and the Shares, if any, are issued by the Company and are deposited in the Director’s account at a transfer agent or other custodian selected by the Committee, or are otherwise issued to the Director with respect to those vested Phantom Stock Units.  Notwithstanding the preceding provisions of this Section 6 to the contrary, if the Company pays dividends to holders of its common stock prior to the earlier of the forfeiture of the Phantom Stock Units or the transfer to the Director of Shares in settlement of vested Phantom Stock Units, then the Director shall be entitled to receive “dividend equivalents” payable in the same amount, time and form with respect to each Phantom Stock Unit as is applicable to a share of the Company’s common stock; provided, however, that (a) dividend equivalents for dividends paid in shares of the Company’s stock shall be satisfied by way of the issuance of additional Phantom Stock Units, which shall be subject to the Forfeiture Restrictions, and shall be paid and satisfied in newly-issued Shares only if and when Shares are transferred to the Director in settlement of vested Phantom Stock Units hereunder, and (b) dividend equivalents for dividends paid other than in shares of the Company’s stock shall be paid no later than the end of the calendar year in which the dividend for such class of stock is paid to stockholders of such class.

 

7.             Committee’s Powers.  No provision contained in this Agreement shall in any way terminate, modify or alter, or be construed or interpreted as terminating, modifying or

 

4

 

altering, any of the powers, rights or authority vested in the Committee pursuant to the terms of the Plan, including, without limitation, the Committee’s rights to make certain determinations and elections with respect to the Phantom Stock Units.

 

8.             Resolution of Disputes.  As a condition of the granting of the Phantom Stock Units hereby, the Director and the Director’s heirs, personal representatives and successors agree that any dispute or disagreement which may arise hereunder shall be determined by the Committee in its sole discretion and judgment, and that any such determination and any interpretation by the Committee of this Agreement shall be final and shall be binding and conclusive, for all purposes, upon the Company, the Director, the Director’s heirs, personal representatives and successors or any person or entity claiming through any of them.

 

9.             Notices.  Any notices or other communications provided for in this Agreement shall be sufficient if in writing.  In the case of the Director, such notices or communications shall be effectively delivered if hand delivered to the Director or if sent by registered or certified mail to the Director at the last address the Director has filed with the Company.  In the case of the Company, such notices or communications shall be effectively delivered if sent by registered or certified mail to the Company at its principal executive offices.

 

10.          Entire Agreement; Amendment.  This Agreement replaces and merges all previous agreements and discussions relating to the same or similar subject matters between the Director and the Company and constitutes the entire agreement between the Director and the Company with respect to the subject matter of this Agreement.  This Agreement may not be modified in any respect by any verbal statement, representation or agreement made by any employee, officer, or representative of the Company or by any written agreement unless signed by an officer of the Company who is expressly authorized by the Company to execute such document.

 

11.          Binding Effect; Survival.  This Agreement shall be binding upon and inure to the benefit of any successors to the Company and all persons lawfully claiming under the Director.  The provisions of Section 3(b) shall survive the lapse of the Forfeiture Restrictions without forfeiture.

 

12.          Clawback.  Notwithstanding any provisions in this Agreement to the contrary, any portion of the payments and benefits provided under this Agreement or the sale of Shares shall be subject to a clawback to the extent necessary to comply with applicable law including, without limitation, the requirements of the United States Dodd-Frank Wall Street Reform and Consumer Protection Act or any United States Securities and Exchange Commission rule.

 

13.          Controlling Law.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware.

 

[Signatures begin on the following page.]

 

5

 

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer thereunto duly authorized, and the Director has executed this Agreement, all as of the date first above written.

 

	
 
    	
LONE   PINE RESOURCES INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
DIRECTOR
    

 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]