Document:

Massey Executives Plan Agreement between the Registrant and H. Drexel Short,Jr

 Exhibit 10.3 
  
 MASSEY ENERGY 
 Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement 
  
 THIS PLAN AGREEMENT (this “Plan Agreement”) is effective as of January 1, 2005, between Massey Energy Company, a Delaware corporation (the
“Company”), and H. Drexel Short, Jr. (the “Executive”). 
  
 Recital 
  

	A.	The Executive is a key employee of the Company or one of its Subsidiaries, and the Company desires to have the continued services and counsel of the Executive.

  

	B.	The Company maintains the Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) (the “Plan”), as amended from time to
time, and the Executive has been selected to participate in the Plan. The Plan is a continuation of the Fluor Corporation Amended and Restated Executive’s Supplemental Benefit Plan (the “Fluor Plan”) maintained by the Company when
named Fluor Corporation and subsequently the Amended and Restated Massey Executives’ Supplemental Benefit Plan previously maintained by the Company’s subsidiary A. T. Massey Coal Company, Inc. (the “Massey Plan”).

  

	C.	The Executive desires to participate in the Plan. 

  

	D.	The Executive desires to amend and restate the Plan Agreement(s) previously executed by him under the Fluor Plan or the Massey Plan with the understanding that the benefit amounts
previously provided to the Executive in connection with the Plan are not changed unless otherwise expressly provided and that the changes made are intended to comply with Section 409A of the Code (as defined in the Plan), to make Massey Energy
Company the sponsor of the Plan and to revise the administration of the Plan. 

  
 Plan Agreement 
  
 NOW
THEREFORE, it is mutually agreed that: 
  

	1.	Definitions. Unless otherwise provided in this Plan Agreement, the capitalized terms in this Plan Agreement shall have the same meaning as under the Massey Executives’
Supplemental Benefit Plan (as amended and restated effective January 1, 2005) (the “Plan”). 

  

	 	(a)	“Endorsee” shall mean the Executive. 

  

					
	(b)	  	    “Insurer” shall mean  	  	Security Life Insurance Company of Denver, Inc. and Sun Life Assurance of Canada.

  

	 	(c)	“Owner” shall mean the Company or the Trust, as the case may be. 

  

	 	(d)	“Policy” shall mean the following policy or policies on the life of the Executive that are issued by the Insurer: 

  

											
	No.	  	        	  	002205242	 	                    	  	Security Life Insurance Company of Denver, Inc.
	 	  	 	  	 	 	 	  	 	  	 
	No.	  	        	  	C06700018	 	                    	  	Sun Life Assurance of Canada	  	___________________________________

  
  

	2.	Executive’s Benefits. The Executive shall receive no more than one Benefit under the Plan. The Executive’s Pre-Retirement Death Benefit is as defined in Schedule
A-1 and A-2 of Section 2 of this Plan Agreement. The Executive’s options as to the Form of Retirement Benefit are as set forth in Schedule B hereto. In Schedule B, the age column represents the age at which the Executive

  

 1 

 MASSEY ENERGY 
 Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement 
  
 experiences death, Normal Retirement, Approved Early Retirement, or such other event which causes him or her to receive a benefit under the Plan (other
than the economic benefit described in Section 2(c) of the Plan). 
  

	3.	Benefit Election. The Executive elects the Benefit listed below next to which he or she has subscribed his or her initials. If no option is initialed, or if the Executive
elects to defer his or her election of a Form of Retirement Benefit but thereafter fails to make a timely election, then the Executive’s Form of Retirement Benefit shall be the Post-Retirement Death Benefit provided for in Section 6(c)(i)
of the Plan. 

  

					
	 	  	a.	  	The Post-Retirement Death Benefit described in Section 6(c)(i) of the Plan.
	 	  	 	  	 
	 	  	b.	  	The Lump Sum Benefit described in Section 6(c)(ii) of the Plan.
	 	  	 	  	 
	 	  	c.	  	The Salary Continuation Benefit described in Section 6(c)(iii) of the Plan.
	 	  	 	  	 
	 	  	d.	  	If consented to by the Administrative Committee, the Joint and Survivor Insurance Benefit described in
	 	  	 	  	Section 6(d) of the Plan. NOTICE IF MADE, THIS ELECTION IS IRREVOCABLE. THIS OPTION IS NOT CURRENTLY AVAILABLE.

  
 The Executive may
revise his or her election only as provided in the Plan. 
  

	4.	Integrated Agreement: Parties Bound. The Plan, a copy of which has been delivered to the Executive, is hereby incorporated into and made a part of this Plan Agreement as
though set forth in full in this Plan Agreement. The parties to this Plan Agreement agree to and shall be bound by, and have the benefit of, each and every provision of the Plan as set forth in the Plan. This Plan Agreement and the Plan,
collectively, shall be considered one complete contract between the parties. 

  

	5.	Acknowledgment. The Executive hereby acknowledges that he or she has read and understands this Plan Agreement and the Plan. 

  

	6.	Conditions to Participation. As a condition to participation in the Plan, the Executive must complete, sign, date, and return to the Administrative Committee an original copy
of this Plan Agreement and a Beneficiary Designation Form. 

  

	7.	Successors and Assigns. This Plan Agreement shall inure to the benefit of, and be binding upon, the Company, its successors and assigns, and the Executive.

  

	8.	Governing Law. This Plan Agreement shall be governed by and construed under the laws of the State of Delaware, as in effect at the time of the execution of this Plan
Agreement. 

  

 2 

 MASSEY ENERGY 
 Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement 
  
 IN WITNESS WHEREOF, the Executive has signed and the Company has accepted this Plan Agreement as of the date first written above. 
  

					
	 	 	EXECUTIVE
		
	 December 29, 2005

 Date
	 	 /s/ H. Drexel Short, Jr.

	 	Signature of Executive
		
	 	 	 H. Drexel Short, Jr.

	 	 	Type or Print Name
			
	AGREED AND ACCEPTED BY THE COMPANY:	 	 	 	 
		
	 	 	MASSEY ENERGY COMPANY
			
	 	 	By:	 	 /s/ Bobby R. Inman

	 	 	Its:	 	 Chair, Compensation Committee
 of the Board of
Directors

  

 3 

 MASSEY ENERGY 
 Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement -
Schedule A-1 
  
 ENDORSEMENT 
  

													
	Owner:	 	 Massey Energy Company
	  	(Company),	  	 
	 	 	And its successors and assigns	  	 	  	 
				
	Endorsee:	 	H. Drexel Short, Jr.	  	(Executive),	  	 
	 	 	And his/her successors and assigns	  	 	  	 
	 	 	 	  	 	  	 
	Insurer:	 	 
 SECURITY LIFE OF
DENVER
	 	 	  	 	  	 
	 	 	 	 	 	 	 	 	 	  	 	  	 
	Policy No:	 	    	 	002205242	 	                                      
      	  	 	  	 
				
	Insured:	 	H. Drexel Short, Jr.	  	 	  	 

  
 In consideration of the Plan Agreement
(the “Agreement”) entered into between the above named Owner and Endorsee, Owner and Endorsee agree as follows: 
  
 The above numbered Policy is subject to the Endorsement as specified in the Plan and the Plan Agreement, subject to all terms and conditions of the Policy and to all
liens, if any, which the Insurer may have against the Policy. 
  
 PURPOSE 
  
 This Endorsement grants the Endorsee a right to name
the Beneficiary of the Executive’s Pre-Retirement Death Benefit, in an amount specified below and does not give the Endorsee any other rights. 
  
 BENEFICIARIES 
  

	A.	The Endorsee’s designated Beneficiary shall be the primary Beneficiary of the Executive’s Pre-Retirement Death Benefit under this Schedule A-1, which amount is the amount
of the Policy’s net death proceeds equal to $500,000 or the Policy’s entire net death proceeds, if less. 

  

	B.	Any remaining net death proceeds under the Policy shall be paid to the Owner. 

  

AGREEMENT 
  
 The undersigned hereby agree that the Insurer may rely on the Owner’s written statement of the amount due to be paid to the Beneficiaries upon death of the Insured.
Upon payment of the death proceeds based on such a statement, the Insurer shall be fully released under the Policy and the respective Beneficiaries shall indemnify the Insurer to that effect. This Endorsement shall be binding upon the parties and
their successors, heirs, assigns, devisees, personal representatives and other legal representatives. Insurer will not be liable for any action it takes before this Endorsement is received and acknowledged at the Insurer’s home office. In the
event of any conflict between this Endorsement and the terms in the Plan or Plan Agreement, this Endorsement shall prevail. 
  
 If signing for an entity, the undersigned represents. that he or she has authority to bind the entity. 
  
 Schedule A-1 

 MASSEY ENERGY 
 Massey
Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement - Schedule A-1 
  

					
	 H. Drexel Short, Jr.

	 	 	 	 Massey Energy Company

	ENDORSEE (Print Name of Executive)	 	 	 	OWNER (Print name of Company)
			
	  

	 	 	 	  

	SIGNATURE OF ENDORSEE	 	 	 	AUTHORIZED SIGNATURE OF COMPANY
	 	 	 	 	(and if an entity print title of authorized signor)
			
	  

	 	 	 	  

			
	  

	 	 	 	  

	ADDRESS	 	 	 	ADDRESS
	  
  

	  
 ACKNOWLEDGED AND
ACCEPTED
	 	 	 	 

  

							
	  

	 	 	 	            Date:	 	  

  
 Filed at the Home Office of the
Insurer this      day of                 , 200  . The Insurer assumes no responsibility for the validity of the
contents of this document. 
  

	
	  

	Insurer

  
 Schedule A-1

 MASSEY ENERGY 
 Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement -
Schedule A-2 
  
 ENDORSEMENT 
  

													
	Owner:	 	Massey Energy Company	 	 	  	(Company),	  	 
	 	 	And its successors and assigns	 	 	  	 	  	 
					
	Endorsee:	 	H. Drexel Short Jr.	 	 	  	(Executive),	  	 
	 	 	And his/her successors and assigns	 	 	  	 	  	 
	 	 	 	 	 	 	 	 	 	  	 	  	 
	Insurer:	 	SUN LIFE OF CANADA	 	 	  	 	  	 
	 	 	 	 	 	 	 	 	 	  	 	  	 
	Policy No:	 	    	 	C06700018	 	                                       
      
	  	 	  	 
					
	Insured:	 	H. Drexel Short Jr.	 	 	  	 	  	 

  
 In consideration of the Plan Agreement
(the “Agreement”) entered into between the above named Owner and Endorsee, Owner and Endorsee agree as follows: 
  
 The above numbered Policy is subject to the Endorsement as specified in the Plan and the Plan Agreement, subject to all terms and conditions of the Policy and to all
liens, if any, which the Insurer may have against the Policy. 
  
 PURPOSE 
  
 This Endorsement grants the Endorsee a right to name
the Beneficiary of the Executive’s Pre-Retirement Death Benefit, in an amount specified below and does not give the Endorsee any other rights. 
  
 BENEFICIARIES 
  

	A.	The Endorsee’s designated Beneficiary shall be the primary Beneficiary of the Executive’s Pre-Retirement Death Benefit under this Schedule A-2, which amount is the amount
of the Policy’s net death proceeds equal to $500,000 or the Policy’s entire net death proceeds, if less. 

  

	B.	Any remaining net death proceeds under the Policy shall be paid to the Owner. 

  

AGREEMENT 
  
 The undersigned hereby agree that the Insurer may rely on the Owner’s written statement of the amount due to be paid to the Beneficiaries upon death of the Insured.
Upon payment of the death proceeds based on such a statement, the Insurer shall be fully released under the Policy and the respective Beneficiaries shall indemnify the Insurer to that effect. This Endorsement shall be binding upon the parties and
their successors, heirs, assigns, devisees, personal representatives and other legal representatives. Insurer will not be liable for any action it takes before this Endorsement is received and acknowledged at the Insurer’s home office. In the
event of any conflict between this Endorsement and the terms in the Plan or Plan Agreement, this Endorsement shall prevail. 
  
 If signing for an entity, the undersigned represents. that he or she has authority to bind the entity. 
  
 Schedule A-2 

 MASSEY ENERGY 
 Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement -
Schedule A-2 
  

					
	 H. Drexel Short, Jr.

	 	 	 	 Massey Energy Company

	ENDORSEE (Print Name of Executive)	 	 	 	OWNER (Print name of Company)
			
	  

	 	 	 	  

	SIGNATURE OF ENDORSEE	 	 	 	AUTHORIZED SIGNATURE OF COMPANY
	 	 	 	 	(and if an entity print title of authorized signor)
			
	  

	 	 	 	  

			
	  

	 	 	 	  

	ADDRESS	 	 	 	 ADDRESS
  

  

  
 Filed at the Home Office of the Insurer this      day of
                , 200  . The Insurer assumes no responsibility for the validity of the contents of this document. 
  

			
	 By:
	 	  

	 	 	 Insurer

  
 Schedule A-2

 MASSEY ENERGY 
 Massey
Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Option as to Form of Retirement Benefit - Schedule B

  

										
	 Age

	  	 Post-Retirement
 Death
 Benefit *

	  	 Lump Sum
 Benefit

	  	 Salary Continuation
 Benefit
 (120 Monthly
 Payments)

	 65
	  	$	1,000,000	  	$	460,164	  	$	7,077.91
	 64
	  	 	1,000,000	  	 	400,143	  	 	6,154.70
	 63
	  	 	1,000,000	  	 	347,950	  	 	5,351.91
	 62
	  	 	1,000,000	  	 	302,565	  	 	4,653.83
	 61
	  	 	1,000,000	  	 	263,100	  	 	4,046.81
	 60
	  	 	1,000,000	  	 	228,783	  	 	3,518.97
	 59
	  	 	1,000,000	  	 	198,942	  	 	3,059.97
	 58
	  	 	1,000,000	  	 	172,993	  	 	2,660.84
	 57
	  	 	1,000,000	  	 	150,428	  	 	2,313.77
	 56
	  	 	1,000,000	  	 	130,807	  	 	2,011.97
	 55
	  	 	1,000,000	  	 	113,746	  	 	1,749.54

	*	The Post-Retirement Death Benefit is a lump sum taxable benefit payable by the Company to the Executive’s named Beneficiary as described in the Plan. 

 
 Schedule B 

 MASSEY ENERGY 
 Massey
Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Beneficiary Designation and Spousal Consent Form -
Schedule C 
  
 [not provided] 
  
 Schedule CStock Option Agreement - Employees

 Exhibit 4.1 
  

THIS AGREEMENT made as of the
                             day of
                                    . 
  
 BETWEEN: 
  
                                        
                                        
         , an individual resident in
                                , (the “Executive”) 
  
 - and - 
  
 GASTAR EXPLORATION LTD., a body corporate, having its registered office in the City of Calgary, in the Province of
Alberta (the “Corporation”) 
  
 STOCK OPTION
AGREEMENT 
  
 WHEREAS: 
  

	A.	the Corporation is governed by the laws of the Province of Alberta, having an authorized capital consisting of an unlimited number of Common Shares and an unlimited number of
Preferred Shares, all without nominal or par value; and 

  

	B.	the Board of Directors have agreed to grant unto the Executive an option to purchase an aggregate of Common Shares without par value of its authorized unissued share capital
in consideration of the Executive’s ongoing services and contributions to the Corporation; and 

  

	C.	the granting of such option to the Executive was authorized by the Board of Directors of the Corporation effective ; 

  
 NOW, THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and
mutual covenants hereinafter set forth, and for other valuable consideration, the Parties have agreed as follows: 
  
 ARTICLE I 
 DEFINITIONS 
  

	1.1	In this Agreement the following terms shall have the following meanings: 

  

	 	(a)	“Board” means the Board of Directors of the Corporation. 

  

	 	(b)	“Corporation” means Gastar Exploration Ltd. and any successor or continuing corporation resulting from any form of corporate reorganization. 

  

	 	(c)	“Option Shares” means the Shares the Executive is entitled to purchase under a Share Option. 

  

	 	(d)	“Parties” means the Executive and the Corporation, collectively. 

  

	 	(e)	“Share Option” means an option to purchase treasury shares granted to the Executive pursuant to this Agreement, and includes any portion of that option.

	 	(f)	“Share Option Agreement” means this Agreement and any novations thereof. 

  

	 	(g)	“Expiration Date” means . 

  

	 	(h)	“Option Date” in respect of the Share Option means the date of this Agreement. 

  

	 	(i)	“Option Price” means the price per share for each portion of the Share Option set forth in Clause 2.1 hereof. 

  

	 	(j)	“Share” means a Common Share of the Corporation as constituted at the date hereof. 

  

	 	(k)	“Treasury Share” means a theretofore-unissued Share which is purchased directly from the Corporation by or for the account of the Executive. 

  

	 	(l)	“Market Price” means the price at which the Shares are being offered for upon the Exchange. 

  

	 	(m)	“Option Period” means the period commencing upon the Option Date and expiring upon the Expiration Date. 

  

	 	(n)	“Exchange” means the stock exchanges upon which the Corporation may be listed upon during the Option Period. 

  

	1.2	In this Agreement, the masculine gender shall include the feminine gender and the singular shall include the plural and vice versa wherever the context requires.

  
 ARTICLE II 
 SHARE OPTION 
  

	2.1	Subject to the terms and conditions hereinafter set out, the Corporation hereby grants to the Executive, an irrevocable option to purchase
                         Shares of the Corporation at an exercise price of per
                         Share, which may be exercised on the following basis: 

  

	 	a.	                         Shares at any time or from
time to time during the period commencing                  and expiring on the Expiration Date; 

  

	 	b.	                         Shares at any time or from
time to time during the period commencing                  and expiring on the Expiration Date; 

  

	 	c.	                         Shares at any time or from
time to time during the period commencing                  and expiring on the Expiration Date; and 

  

	 	d.	the remaining                          Shares at any
time or from time to time during the period commencing                  and expiring on the Expiration Date. 

  

	2.2	Notwithstanding Clause 2.1 hereof, in the event of: 

  

	 	a.	any disposition of substantially all of the assets of the Corporation, or the dissolution, merger, amalgamation or consolidation of the Corporation, with or into any other
corporation, or the merger, amalgamation or consolidation of any other corporation into the Corporation; or 

  

	 	b.	any Change in Control of the Corporation; 

  

 2 

 the Executive may exercise of any or all of the remaining Optioned Shares prior to the completion of any such
transaction. Upon the Corporation entering into an agreement to effect any of the transactions set forth in Clause 2.2(a) or a change in control being effected as contemplated in Clause 2.2(b), the Option shall be deemed to have been amended to
permit the exercise thereof in whole or in part by the Executive at any time or from time to time prior to the completion of such transaction. 
  
 For the purposes of this Agreement, a “Change in Control” shall be deemed to have occurred if any person, or any two or more persons acting as a group, and all
affiliates of such person or persons, who prior to such time beneficially owned less than 20% of the then outstanding Shares, shall acquire such additional Shares in one or more transactions, or series of transactions, such that following such
transaction or transactions, such person or group and affiliates beneficially own 20% or more of the Shares outstanding. 
  

	2.3	At 4:30 p.m., Calgary time, on the Expiration Date, the Share Option shall forthwith expire and terminate and be of no further force or effect whatsoever as to such of the Option
Shares in respect of which the Share Option hereby granted has not then been exercised. 

  
 ARTICLE III 
 CURRENCY DURING TERM OF EMPLOYMENT 
  

	3.1	If subsequent to the Option Date and prior to the Expiration Date, the Executive’s position as a director, an officer, a consultant to the Corporation and/or the
Corporation’s subsidiary, or as an employee of the Corporation and/or the Corporation’s subsidiary, as the case may be, is terminated by reason of the death or disability of the Executive, the Share Option may be exercised during the
period expiring the earlier of the Expiration Date or one year after such date of death or the date of termination of his employment by reason of disability. In the event of the Executive’s death or disability, the rights of the Executive under
the Share Option may be exercised by the person or persons to whom the Executive’s rights under the Share Option shall pass by will or applicable law or, if no such person has such right, by the Executive’s executors or administrators,
subject to the time limitations as aforesaid. 

  

	3.2	If subsequent to the Option Date and prior to the Expiration Date, the Executive’s position as a director, an officer, a consultant to the Corporation and/or the
Corporation’s subsidiary, or an employee of the Corporation and/or the Corporation’s subsidiary, as the case may be, is terminated for any reason other than the death or disability of the Executive, the Share Option may be exercised in
respect of any outstanding Option Shares for which the Share Option was capable of exercise prior to the termination (but this shall not include any Option Shares for which the defined period for exercise of the Option has not yet started at the
effective date of the termination) during the ninety (90) day period following the date on which the Executive’s position with the Corporation is terminated, and upon the expiry of such ninety (90) day period, the Share Option shall
expire. 

  
 ARTICLE IV 
 MATERIAL CHANGE 
  

	4.1	In the event that, prior to the Expiration Date or exercise in full of the Share Option, the outstanding share capital of the Corporation shall be subdivided or consolidated into a
greater or lesser number of Shares, or, in the event of the payment of a stock dividend by the Corporation, or in the event that all of the shareholders of the Corporation are granted the right to purchase additional Shares of the Corporation, the
number and price of Option Shares remaining subject to the Share Option hereunder shall be increased or reduced accordingly, as the case may be. 

  

	4.2	 If, prior to the Expiration Date or exercise in full of the Share Option granted hereby, the Corporation shall, at any time arrange with or merge into another
corporation, the Executive will thereafter receive, upon the exercise of the Share Option, the securities or properties to which a holder of the number of shares then deliverable upon the exercise of the Share Option would have been entitled upon
such 

  

 3 

	 	 
arrangement or merger, and the Corporation will take steps in connection with such arrangement or merger as may be necessary to assure that the provisions
hereof shall thereafter be applicable, in relation to any securities or property thereafter deliverable upon the exercise of the Share Option granted hereby. A sale of all or substantially all of the assets of the Corporation for consideration,
(apart from the assumption of obligations), consisting primarily of securities shall be deemed to be an arrangement or merger for the foregoing purposes. 

  
 ARTICLE V 
 RESERVATION OF TREASURY SHARES 
  

	5.1	The Corporation shall at all times during the term of this Agreement, reserve and keep available a sufficient number of Treasury Shares to satisfy the requirements hereof.

  
 ARTICLE VI 
 RESTRICTION ON ASSIGNMENT 
  

	6.1	The Share Option granted hereby is, insofar as the Executive is concerned, personal and non-assignable and neither this Agreement nor any rights in regard thereto shall be
transferable or assignable except upon the death of the Executive pursuant to Clause 3.1 hereof. 

  
 ARTICLE VII 
 EXERCISE OF THE SHARE OPTION 
  

	7.1	The Share Option may be exercised by the Executive in accordance with the provisions hereof in whole or in part, from time to time, by delivery of written notice of such exercise
and by tendering the payment therefor in cash or by certified cheque to the Corporation at its principal office in the City of Houston, in the State of Texas. Such notice shall state the number of the Option Shares with respect to which the Share
Option is then being exercised. The Share Option shall be deemed for all purposes to have been exercised to the extent stated in such notice upon delivery of the notice and a tender of payment in full, notwithstanding any delay in the issuance and
delivery of the certificates for the Shares so purchased. 

  
 ARTICLE VIII 
 RIGHTS OF THE EXECUTIVE PRIOR TO EXERCISE DATE 
  

	8.1	The Share Option herein granted shall not entitle the Executive to any rights whatsoever as a shareholder of the Corporation with respect to any Shares subject to the Share Option
until it has been exercised in accordance with Clause 7.1 and Option Shares have been issued as fully paid and non-assessable. 

  
 ARTICLE IX 
 FURTHER ASSURANCES

  

	9.1	The Parties covenant that they shall and will from time to time and at all times hereafter do and perform all such acts and things and execute all such additional documents as may
be required to give effect to the terms and intention of this Agreement. 

  

 4 

 ARTICLE X 
 INTERPRETATION 
  

	10.1	It is understood and agreed by the Parties that questions may arise as to the interpretation, construction or enforcement of this Agreement and the parties are desirous of having
the Board determine any such question of interpretation, construction or enforcement. It is therefore understood and agreed by and between the Parties that any question arising under the terms of this Agreement as to interpretation, construction or
enforcement shall be referred to the Board and their majority decision shall be final and binding on both of the Parties. 

  
 ARTICLE XI 
 ENTIRE AGREEMENT

  

	11.1	This Agreement supersedes all other agreements, documents, writings and verbal understandings among the parties relating to the subject matter hereof and represents the entire
agreement between the parties relating to the subject matter hereof. 

  
 ARTICLE XII 
 ENUREMENT 
  

	12.1	Subject to the other provisions hereof, this Agreement shall enure to the benefit of and be binding upon the Parties and their respective heirs, executors, administrators,
successors and permitted assigns. 

  

	12.2	This Agreement shall continue to constitute a binding obligation of the Corporation notwithstanding any change of control of its voting securities during the term hereof.

  
 IN WITNESS WHEREOF the
Parties have executed this Agreement as of the day and year first above written. 
  

					
	 SIGNED, SEALED AND DELIVERED
 in the presence of:
	 	 )
 )
	 	 
	 	 	 )
	 	 
	  	 	 )
	 	  
	 Witness
	 	 )
	 	 

  

							
	 	 	 	 	GASTAR EXPLORATION LTD.
			
	 	 	Per:	 	 
			
	 	 	Per:	 	 

  

 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}]]