Document:

ex101.htm

    TatumTM

    Create more value.

     

     

    Executive
Services Agreement

     

    April 2,
2008

     

    Mr. Torn
Paulsen, Non-Executive Chairman eMagin Corporation

    10500 NE
8th
Street, Suite 1400

    Bellevue,
WA 98004

     

    Dear
Tom:

     

    Tatum,
LLC ("Tatum," "we," or "us") is pleased that eMagin Corporation (the "Company,"
"you" or "your") desires to employ Paul Campbell, a member of Tatum (the
"Employee"). The Employee will become the interim Chief Financial Officer of the
Company effective as of the date Michael D. Fowler, a member of Tatum and the
current interim Chief Financial Officer of the Company, resigns (which is
expected to be on or about April 12; 2008). This letter along with the terms and
conditions attached as Exhibit A and any other exhibits or schedules attached
hereto (collectively, the "Agreement") confirms our mutual understanding of the
terms and conditions upon which we will make available to you the Employee and
Tatum's intellectual capital to the Employee for use in connection with the
Employee's employment relationship with you. Tatum's intellectual capital will
include a designated corroborating Tatum resource ("Corroborating Resource") who
will be available to the Employee on an as needed basis for guidance and
counseling.

     

    Effective
as of April 3, 2008, the Employee will become your employee serving in the
capacity set forth above and, if applicable, a duly elected or appointed officer
of the Company. The Employee will work on a full-time basis and be subject to
the supervision, direction and control of and report directly to the Company's
management. While the Employee will remain a member of Tatum and have access to
Tatum's intellectual capital to be used in connection with the Employee's
employment relationship with you, we will have no supervision, direction or
control over the Employee with respect to the services provided by the Employee
to you.

     

    You will
pay directly to the Employee a salary of $24,500 a month ("Salary"). In
addition, you will reimburse the Employee for out-of-pocket expenses incurred by
the Employee to the same extent that you reimburse other senior managers for
such expenses, In addition, you will pay directly to Tatum a fee of $10,500 a
month plus $300 for each business day during the term of this Agreement for the
Corroborating Resource ("Fees"). The parties acknowledge and agree that the
Salary and Fees set forth above are based upon this Agreement having a minimum
term of three months (the "Minimum Term"). In the event you terminate this
Agreement prior to the expiration of the Minimum Term other than for the
Employee's material failure to perform the obligations of his or her position
with the Company, provided the Employee fails to cure such breach within 10 days
after receipt of written notice of such breach, you agree that the Salary shall
be retroactively increased to $1,750 a day and the Fees shall be retroactively
increased to $750 a day. You agree to pay upon the termination of this Agreement
a lump sum amount (i) to the Employee equal to the difference between the Salary
actually paid and the Salary that should have been paid taking into account the
retroactive adjustment, and (ii) to Tatum equal to the difference between the
Fees actually paid and the Fees that should have been paid taking into account
the retroactive adjustment.

     

    Payments
to the Employee shall be made one pay period in advance on each payroll date via
the Company's standard payroll, and in accordance with expense reimbursement
policies. The Company will pay Tatum the monthly Fees one month in advance, with
the first payment due upon execution of this Agreement. The second payment and
every payment thereafter will be paid in advance before each month-end related
to the following month. Payment instructions are set forth in Exhibit
A.

    

     

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

     

     

    Except as
specifically provided for herein, you will have no obligation to provide the
Employee with any health insurance benefits or equity or cash bonuses. In lieu
of the Employee participating in the Company-sponsored employee health insurance
plans, the Employee will remain on his or her current health insurance
plans.

     

    As an
employee, the Employee will be eligible for any Company employee retirement
and/or 401(k) plan and for vacation and holidays consistent with the Company's
policy as it applies to senior management. The Employee will be exempt from any
delay periods otherwise required for vacation and holiday
eligibility.

     

    You will
have the opportunity to make the Employee a permanent, full-time member of
Company management at any time during the term of this Agreement by entering
into another form of Tatum agreement, the terms of which will be negotiated at
such time.

     

    As a
condition to providing the services hereunder, we require a security deposit in
an amount equal to $35,000 (the "Deposit"), which will only be used by us under
the limited circumstances described on Exhibit A. The Deposit previously
received from the Company in that amount in connection with the contract between
the Company and Tatum dated December 26, 2007 will be retained to satisfy this
requirement.

     

    The
Company will provide Tatum or the Employee with written evidence that the
Company maintains directors' and officers' insurance covering the Employee in an
amount reasonably acceptable to the Employee at no additional cost to the
Employee, and the Company will maintain such insurance at all times while this
Agreement remains in effect. Furthermore, the Company will maintain such
insurance coverage with respect to occurrences arising during the term of this
Agreement for at least three years following the termination or expiration of
this Agreement or will purchase a directors' and officers' extended reporting
period or "tail" policy to cover the Employee.

     

    The
Company acknowledges to Tatum and the Employee that, as of the date of this
Agreement, it is -­and has been for a considerable period of time -- in dire
financial condition, having suffered extensive losses, negative EBITDA, and
insufficient cash-flow. As a result, Company has been unable to obtain further
credit or investment and may well need to consider reorganization or liquidation
in bankruptcy. Although the Employee will endeavor to assist the Company in
finding alternatives to bankruptcy, Tatum and the Employee offer no assurances
that the Company can otherwise be restructured or that the Company's distressed
condition can be reversed.

     

    We
appreciate the opportunity to serve you and believe this Agreement accurately
reflects our mutual understanding. We would be pleased to discuss this Agreement
with you at your convenience. If the foregoing is in accordance with your
understanding, please sign a copy of this Agreement and return it to my
attention.

     

    Sincerely,
Tatum, LLC

     

    /s/ Charles R. Gottschalk

    
      
        

      

    

    Charles
R. Gottschalk

    Managing
Partner, Pacific Northwest

     

    By: /s/ Thomas Paulsen

    
      
 Name: Thomas Paulsen

    Title: Non-Executive Chairman

     

     

     

    
      
        
        

      

      
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    Exhibit
A

    Terms and
Conditions

     

    1. Relationship
of the Parties. The parties agree that Tatum will be serving the Company as an
independent contractor for all purposes and not as an employee, agent, partner
of, or joint venturer with the Company and that the Employee will be serving the
Company as an employee of the Company for all purposes and not as an independent
contractor.

     

    2. Payment
Terms. Payments to Tatum should be made by electronic transfer in accordance
with the instructions set forth below or such alternative instructions as
provided by Tatum from time to time. Any amounts not paid when due may be
subject to a periodic service charge equal to the lesser of L5% per month and
the maximum amount allowed under applicable law, until such amounts are paid in
full, including assessed service charges. In lieu of terminating this Agreement,
Tatum may suspend the provision of services (including the Employee's services)
if amounts owed are not paid in accordance with the terms of this
Agreement

     

    Bank
Name: Wells Fargo, N.A.

    Branch:
San Francisco

    Account
Name: Tatum, LLC

    Account
Number: 4121546642

    Routing
Number for ACH Payments: 121000248

    Swift
Code: WFBIUS6S

    Please
reference Company name in the body of the payment.

     

    3. Deposit.
If the Company breaches this Agreement and fails to cure such breach as provided
for herein, Tatum will be entitled to apply the Deposit to its or the Employee's
damages resulting from such breach. In the event the Deposit fails below the
amount required, the Company will pay Tatum an additional amount equal to the
shortfall. Upon the expiration or termination of this Agreement, Tatum will
return to the Company the balance of the Deposit remaining after application of
any amounts to damages as provided for herein, including, without limitation,
unfulfilled payment obligations of the Company to Tatum or the
Employee.

     

    4. Termination.

     

    (a) This
Agreement will terminate immediately upon the effective date of termination or
expiration of the Employee's employment with the Company or upon the Employee
ceasing to be a member of Tatum.

     

    (b) Notwithstanding
subsection (a) above, either party may terminate this Agreement at anytime for
any
reason upon written notice to the other party.

     

    (c) The
expiration or termination of this Agreement will not destroy or diminish the
binding force and effect of any of the provisions of this Agreement that
expressly, or by reasonable implication, come into or continue in effect on or
after such expiration or termination, including, without limitation, provisions
relating to payment of fees and expenses (including witness fees and expenses),
hiring the Employee, governing law, arbitration, limitation of liability, and
indemnity.

     

    5. Hiring
the Employee Outside of a Tatum Agreement. During the term of this Agreement and
for the 12-month period following the termination or expiration of this
Agreement, other than in connection with this Agreement or another Tatum
agreement, the Company will not employ the Employee or the Corroborating
Resource, or engage the Employee or the Corroborating Resource as an independent
contractor. The parties recognize and agree that a breach by the Company of this
provision would result in the loss to Tatum of the Employee's or the
Corroborating Resource's valuable expertise and revenue potential and that such
injury will
be impossible or very difficult to ascertain. Therefore, in the event
this provision is breached, Tatum will be entitled to receive as liquidated
damages an amount equal to 45% of the Annualized Compensation (as defined
below), which amount the parties agree is reasonably proportionate to the
probable loss to Tatum and is not intended as a penalty. The amount will be due
and payable to Tatum upon written demand to the Company. If a court or
arbitrator determines that liquidated damages are not appropriate for such
breach, Tatum will have the right to seek actual damages and/or injunctive
relief. "Annualized Compensation" means the equivalent of the Employee's Salary
calculated on a full-time annual basis plus the maximum amount of any bonus for
which the Employee was eligible with respect to the then-current bonus
year.

     

     

    
      
        
        

      

      
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    6. Warranties
and Disclaimers. It is understood that Tatum does not have a contractual
obligation to the Company other than to provide the Employee to the Company and
to provide the Employee access to Tatum's intellectual capital to be used in
connection with the Employee's employment relationship with the Company. The
Company acknowledges that  any information including any resources
delivered through Tatum's proprietary  information
and technology system, will be provided by Tatum as a tool to be used in the
discretion of the Company. Tatum will not be responsible for any action taken by
the Company in following or declining to follow any of Tatum's, the
Corroborating Resource's or the Employee's advice or recommendations. Tatum
represents to the Company that Tatum has conducted its standard screening and
investigation procedures with respect to the Employee becoming a member of
Tatum, and the results of the same were satisfactory to Tatum. Tatum disclaims
all other warranties, whether express, implied or statutory. Without limiting
the foregoing, Tatum makes no representation or warranty as to the services
provided by the
Employee, or the accuracy
or reliability of
reports, projections, certifications, opinions, representations, or any
other information prepared or made by Tatum, the Corroborating Resource or the
Employee (collectively, the "Information") even if derived from Tatum's
intellectual capital, and Tatum will not be liable for any claims of reliance on
the Information or that the Information does not comply with federal, state or
local laws or regulations. The services provided by Tatum hereunder are for the
sole benefit of the Company and not any unnamed third parties. The services will
not constitute an audit, review, or compilation, or any other type of financial
staternentaeporting or attestation engagement that is subject to the rules of
the AICPA or other similar state or national professional bodies and will not
result in an opinion or any
form of assurance on internal controls.

     

    7.Limitation
of Liability; Indemnity.

    (a) The
liability of Tatum in any and all categories and for any and all causes arising
out of this Agreement, whether based in contract, tort, negligence, strict
liability or otherwise will, in the aggregate, not exceed the actual Fees paid
by the Company to Tatum over the previous two months' of the Agreement. In no
event will Tatum be liable for incidental, consequential, punitive, indirect or
special damages, including, without limitation, any interruption or loss of
business, profit or goodwill. As a condition for recovery of any liability, the
Company must assert any claim against Tatum within three months after discovery
or 60 days after the termination or expiration of this Agreement, whichever is
earlier.

     

    (b) The
Company agrees to indemnify Tatum, the Corroborating Resource, and the Employee
to the full extent permitted by law for
any losses, costs, damages, and expenses (including reasonable attorneys'
fees), as they are incurred, in connection with any cause of action, suit, or
other proceeding arising in connection with the Employee's services to the
Company.

     

    8.           Governing
Law, Arbitration, and Witness Fees.

     

    (a) This
Agreement will be governed by and construed in accordance with the laws of the
State of Georgia,
without regard to conflicts of laws provisions.

     

    (b) If the
parties are unable to resolve any dispute arising out of or in connection with
this
Agreement, the parties agree and stipulate that any such disputes will be
settled by binding arbitration in accordance with the Commercial Arbitration
Rules of the American Arbitration Association ("AAA"). The arbitration will be
conducted in
the Atlanta, Georgia office of the AAA by a single arbitrator selected by
the parties according to the rules of the AAA, and the
decision of the arbitrator will be final and binding on both parties. in
the event that the parties fail to agree on the selection of the arbitrator
within 30 days after either party's request for arbitration under this Section,
the arbitrator will be chosen by the AAA. The arbitrator may in his or her
discretion order documentary discovery but will not allow depositions without a
showing of compelling need. The arbitrator will render his or her decision
within 90 days after the call for arbitration. Judgment on the award of the
arbitrator may be entered in and enforced by any court of competent
jurisdiction. The arbitrator will have no authority to award damages in excess
or in contravention of this Agreement and may not amend or disregard any
provision of this Agreement, including this Section. Notwithstanding the
foregoing, either party may seek appropriate injunctive relief from any court of
competent jurisdiction, and Tatum may pursue payment of undisputed amounts
through any court of competent jurisdiction.

     

    (c) In
the event any member or employee of Tatum (including, without limitation, the
Employee to the extent not otherwise entitled in his or her capacity as an
employee of the Company) is requested or authorized by the Company or is
required by government regulation, subpoena, or other legal process to produce
documents or appear as witnesses in connection with any action, suit or other
proceeding initiated by a third party against the Company or by the Company
against a third party, the Company will, so long as Tatum is not a party to the
proceeding in which the information is sought, reimburse Tatum for its member's
or employee's professional time (based on customary rates) and expenses, as well
as the fees and expenses of its counsel (including the allocable cost of
in-house counsel), incurred in responding to such requests.

     

     

    
      
        
        

      

      
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    9.           Miscellaneous.

     

        (a)This
Agreement constitutes the entire agreement between the parties with regard to
the subject matter
hereof and supersede any and all agreements, whether oral or written, between
the parties with respect to its subject matter. No amendment or modification to
this Agreement will be valid unless in writing and signed by both
parties.

     

    (b) If any
portion of this Agreement is found to be invalid or unenforceable, such
provision will be deemed severable from the remainder of this Agreement and will
not cause the invalidity or unenforceability of the remainder of this Agreement,
except to the extent that the severed provision deprives either party of a
substantial portion of its bargain.

     

    (c) Neither
the Company nor Tatum will be deemed to have waived any rights or remedies
accruing under this Agreement unless such waiver is in writing and signed by the
party electing to waive the right or remedy. The waiver by any party of a breach
or violation of any provision of this Agreement will not operate or be construed
as a waiver of any subsequent breach of such provision or any other provision of
this Agreement.

     

    (d) Neither
party will be liable for any delay or failure to perform under this Agreement
(other than with respect to payment obligations) to the extent such delay or
failure is a result of an act of God, war, earthquake, civil disobedience, court
order, labor dispute, or other cause beyond such party's reasonable
control.

     

    (e) The
Company may not assign its rights or obligations under this Agreement without
the express written consent of Tatum. Nothing in this Agreement will confer any
rights upon any person or entity other than the parties hereto and their
respective successors and permitted assigns, the Employee and the Corroborating
Resource.

     

    (f) The
Company agrees to reimburse Tatum for all costs and expenses incurred by Tatum
in enforcing collection of any monies due under this Agreement, including,
without limitation, reasonable attorneys' fees.

     

    (g) The
Company agrees to allow Tatum to use the Company's logo and name on Tatum's
website and other marketing materials for the sole purpose of identifying the
Company as a client of Tatum. Tatum will not use the Company's logo or name in
any press release or general circulation advertisement without the Company's
prior written consent.

     

     

    5Exhibit 10.1

        PARTICIPATION
        AGREEMENT

        West Cameron Block
        149 (NE/4)

        

        
                This
        Participation Agreement (“Agreement”) is made and entered into effective as of
        the 7th day of November, 2007 (the “Effective Date”), by and between
        Newfield Exploration Company (“Newfield”) and Ridgewood Energy Corporation
        (“Ridgewood”). Newfield and Ridgewood are also sometimes hereinafter referred
        to collectively as the “Parties” or individually as a
        “Party”.

        
        WITNESSETH:

        

        
                
        WHEREAS, Newfield has entered into a formal Farmout Agreement (” FOA”) with
        El Paso E&P Company, L.P. (“El Paso”) dated effective October 26, 2007
        covering the Contract Area as defined below. Pursuant to the Agreement El Paso shall
        reserve an overriding royalty interest (“ORRI”) of 8.33333% of 6/6ths
        escalating to 10.00000% of 6/6ths at Project Payout. These burdens may be proportionately
        reduced in the event El Paso owns less than one hundred percent (100%) of the operating
        rights in the Contract Area, which Newfield may earn. The FOA is attached hereto as Exhibit
        “A”.

        

        
                
        WHEREAS, the Agreement covers the following oil and gas lease and area, hereinafter
        referred to as the “Contract Area”:

        

        	 
                	
                            Oil and Gas Lease
                    effective June 10, 1947 by and between the State of Louisiana as Lessor, and
                    The Superior Oil Company, as Lessee, validated by the United State of America
                    under Section 6 of the Outer Continental Shelf Lands Act and designated Serial
                    No. OCS 00253, covering all of Block 149, West Cameron Area, OCS Leasing Map,
                    Louisiana Map No. 1, containing approximately 5000.00
                    acres.

                    INSOFAR AND ONLY
                    INSOFAR as the Lease covers the northeast quarter (NE/4 of West Cameron
                    Block
                    149.

                    
                

        

                            
                
        WHEREAS, Ridgewood agrees to bear a disproportionate share of drilling costs associated
        with the Test Well (defined in Article 4 hereinbelow) in order to earn an interest in the
        Contract Area, pursuant to the terms and conditions of this Agreement.

        

        
                
        WHEREAS, the Parties desire to enter into this Agreement to set forth the manner in
        which the cost of drilling, producing and operating wells, and the production from the
        Contract Area and interest in the Contract Area shall be shared and/or owned.

        

                            
                WHEREAS,
        the terms and provisions of this Agreement are expressly subject to the FOA referenced
        above and attached hereto as Exhibit “A”.

        

                            
                
        NOW, THEREFORE, for the consideration, being the mutual benefits and advantages
        accruing hereunder, the sufficiency of which is hereby acknowledged, the Parties agree as
        follows:

        
        

        

         

        Article 1 –
        Interest of the Parties

        

                            
                The
        costs, risk and liabilities associated with the exploration and development of the Contract
        Area (including all wells, platforms, pipelines, facilities and equipment associated
        directly with the specified operations herein) and all oil and gas produced from wells
        drilled pursuant to the terms hereof, shall be borne and owned, subject to the terms and
        conditions set out herein, and unless otherwise agreed, by the Parties in accordance with
        the following percentage working interests (“Working Interests”):

	 	Party	 	 Working Interests	 
	 	 
	 	
	 
	 	Newfield	 	75.00000%	 
	 	Ridgewood	 	  25.00000%*	 

        

                            *     
        Subject to an obligation to pay a disproportionate share of Test Well costs, as further
        described in Article 4.

        Article 2 —
        Operating Agreement

        

        
                3.1    
        Newfield is designated as the Operator of the Contract Area, and all operations conducted
        on the Contract Area shall be performed in accordance with and shall be subject to the
        terms and provisions of this Agreement, the FOA attached hereto as Exhibit “A”,
        and the Operating Agreement attached hereto as Exhibit “B” (“Operating
        Agreement”). The Parties shall execute the Operating Agreement simultaneously with
        this Agreement.

        

        
                3.2    
        Notwithstanding anything herein to the contrary, the non-consent penalties set forth in
        Article XII of the Operating Agreement shall not be applicable to drilling operations on
        the Test Well, or substitute therefore, prior to the Parties drilling an Earning Well (as
        hereinafter defined).

        Article 3 —
        Test Well

        

        
                4.1     Newfield
        has commenced drilling operations for the West Cameron Block 149 (OCS-00253) No. 8 Well
        (“Test Well”). The Test Well is planned to be drilled in accordance with
        Newfield’s AFE No. 14176 attached hereto as Exhibit “C”
        (“AFE”). The Test Well will be drilled to an approximate depth of 10,300’
        MD/TVD, or a depth sufficient to test the “Rob L Sands”, whichever depth is
        shallower (“Contract Depth”).

        

        
                4.2    
        As additional consideration for the opportunity to earn its Working Interest in the
        Contract Area, the Parties will pay the following percentages of the costs to drill the
        Test Well to Casing Point (as described in Article 4.3 below):

	 	Newfield 	 	66.66667%	 
	 	Ridgewood   	 	 33.33333%	 

        

         

         

        
        
        Participation Agreement-West Cameron
        Block 149 dated November 7, 2007

        Newfield Exploration Company & Ridgewood Energy Corporation

        
        
        -2-

        
        

        

        The dry hole well
        cost for the Test Well is estimated to be $7,748,266.00 (“Dry Hole Cost”) as
        outlined on the above referenced drilling AFE. Ridgewood’s disproportionate cost
        sharing will cease once cumulative costs and expenses for the Test Well, and if drilled,
        the substitute well therefore, exceeds 105% of the Dry Hole Cost for the Test Well or upon
        reaching Casing Point, whichever occurs first.

        

        Thereafter Newfield will bear its
        75% and Ridgewood will bear its 25% share of subsequent costs, subject to the non-consent
        rights set out in the Operating Agreement.

        

        
                4.3    
        Casing Point is defined as that point in time when the Test Well, or substitute well
        therefor, has been drilled to the Contract Depth, and all open-hole logs and all
        appropriate tests have been performed and delivered to the Parties, and a recommendation is
        made to (i) set casing and complete the well, (ii) plug and abandon the well or (iii)
        conduct other operations as provided within the priority of operations outlined within the
        Operating Agreement.

        

        
                4.4    
        If the Test Well is either, i) unable to reach the Contract Depth due to encountering domal
        material, heaving shale, saltwater, salt or other impenetrable substance, or suffers any
        adverse condition (mechanical, structural, stratigraphic or otherwise) in drilling said
        well, which substance or condition cannot be overcome at a reasonable cost by means
        considered customary or ordinary in the industry; or, ii) plugged and abandoned as a dry
        hole, then any Party shall have the right to propose a substitute well in the same manner
        as provided for hereinabove. Ridgewood shall have the option, but not the obligation, to
        participate in such substitute well; however, if Ridgewood elects not to participate in a
        substitute well, it shall forfeit its rights under this Agreement. If actual drilling
        operations are commenced on the substitute well within ninety (90) days from the date of
        rig release of the Test Well, then said well shall be considered the Test Well for purposes
        of this Agreement.

        Article 5 —
        Assignment and Assumption of Rights

        

        
                5.1    
        Upon Ridgewood’s participation pursuant to the terms and conditions set forth herein
        and upon the Parties drilling the Test Well or its substitute, reaching Contract Depth,
        Ridgewood will have earned under the Agreement and shall receive from Newfield an
        assignment of an undivided 25% working interest in the Contract Area.

        

        
                5.2    
        The interest assigned to Ridgewood pursuant hereto will be subject to its proportionate
        share of the federal 1/8th royalty (subject to any applicable royalty relief granted by the
        Minerals Management Service) and a 3% ORRI in favor of Fairfield and the El Paso ORRI. The
        interest shall be free and clear of any other overriding royalty interest, production
        payments, or other burdens on production.

        Article 6 —
        Ownership of Production

        

                Production
        from each well drilled on the Contract Area will be owned pursuant to the terms of this
        Agreement and the Operating Agreement.

         

        
        Participation
        Agreement-West Cameron Block 149 dated November 7, 2007

Newfield Exploration
        Company & Ridgewood Energy Corporation

        
        -3-

        
        

        

        Article 7 —
        Insurance

        

        
                In
        connection with any drilling and/or production operations on the Contract Area, the
        Operator shall carry the type and amount of insurance required by the Operating Agreement.
        No other insurance shall be required of the Operator hereunder.

        Article 8 —
        Confidentiality

        

        
                Except
        for required disclosures, including but not limited to disclosures to governmental agencies
        and/or stock exchanges, as provided in the Operating Agreement, no Party shall release any
        geological, geophysical, or reservoir information or any logs or other information
        pertaining to the progress, tests, or results of any well drilled pursuant to this
        Agreement, without the prior approval of the other Party.

        Article 9 —
        Conflicts

                In the event
        of any conflict between the terms and conditions as set forth herein and the terms and
        conditions set forth in the Operating Agreement, the terms and condition set forth herein
        shall control.

        

        Article 10
        — Notices

        

        
                All
        notices, requests or demands to be given under this Agreement shall be in writing and shall
        be deemed to have been given (i) three (3) business days after being sent by registered
        mail or certified mail, postage prepaid, or (ii) on the day sent, if hand delivered or sent
        by facsimile, with receipt confirmed and verbal confirmation, in each case addressed as
        follows or to such other address as may have been furnished in writing to the other Parties
        hereto in accordance herewith:

	 	If to Newfield:	 	If to Ridgewood:	 
	 	  
  	 	
	 
	 	Newfield Exploration Company	 	Ridgewood Energy Corporation	 
	 	363 N. Sam Houston Pkwy. E., Suite 2020	 	11700 Old Katy Road, Suite 280	 
	 	Houston, Texas  77060                                	 	Houston, Texas  77079	 
	 	Attention: Ms. Christina Linscomb	 	Attn: Mr. W. Greg Tabor	 
	 	Office Phone:   (281) 847-6074                     	 	Office Phone:   (281) 293-8449	 
	 	Fax Number:     (281) 405-4207                     	 	Fax Number:     (281) 293-7705	 

         Participation Agreement-West Cameron Block 149 dated November 7, 2007 

Newfield Exploration Company & Ridgewood Energy Corporation

-4-

        
        

        

        Article 11
        — Topical Headings

        

                Topical
        headings appearing at the top of each numbered article have been inserted for convenience
        only and are to be given no force or affect whatsoever in the interpretation of this
        Agreement.

        Article 12
        — Successors and Assigns

        

                This
        Agreement shall be binding upon each Party and their successors and assigns. An assignment
        by a Party of any lands affected by this Agreement shall be made expressly subject to, and
        the assignee shall expressly agree to assume and comply with, the terms and provisions of
        this Agreement and the Operating Agreement.

        Article 13
        — Counterpart Execution

        

                This
        Agreement may be executed by signing the original or a counterpart thereof. If this
        Agreement is executed in counterparts, all counterparts taken together shall have the same
        effect as if all the Parties had signed the same instrument. However, this Agreement shall
        not be effective as to any Party, until it has been executed by all Parties.

        

                IN
        WITNESS WHEREOF, the Parties have duly executed this Agreement as of the Effective Date
        hereinabove first written.

	WITNESSES:			NEWFIELD EXPLORATION COMPANY
	 	 	 	 	 	 	 
	 
 	 
	 	 	By:	
	 
	  	  	 	 	Name:	W.M. Blumenshine	 
	 
 	 
	 	 	Title:	Vice President - Land	 
	 	 	 	 	 	 	 
	WITNESSES:			RIDGEWOOD ENERGY CORPORATION
	 	 	 	 	 	 	 
	 
 	 
	 	 	By:	
	 
	  	  	 	 	Name:	W. Greg Tabor	 
	 
 	 
	 	 	Title:	Executive Vice President	 

        
        
                 Participation Agreement-West Cameron
        Block 149 dated November 7, 2007

        Newfield Exploration Company & Ridgewood Energy Corporation

        -5-

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