Document:

ex103.htm

    Exhibit
10.3

     

     

    CONSULTING
AGREEMENT

    

    CONSULTING AGREEMENT, dated as
of the 2nd day of May, 2008 (the “Effective Date”), by and between Firstway
Enterprises, Inc., a Delaware corporation (the “Company”) and Cypress Advisors
LLC, a Florida limited liability company  (“Consultant”).

    

    W I T N E S S E T H:

     

    WHEREAS,
Consultant has experience in providing advice on capital raising and will
undertake to contact and present information regarding Company to persons or
entities (the “Services”), where such source may provide, each in its own
discretion, funding and/or financing to the Company including a financing in the
amount of $1,000,000 with The Posner Group (the “Funding”); and

     

    WHEREAS,
the Company desires to engage the service of Consultant in connection with
Services, and Consultant desires to perform such Services, all on and subject to
the terms of this Agreement;

     

    WHEREFORE,
the parties do hereby agree as follows:

     

    1. Services.

     

    (a) The
Company hereby engages Consultant to provide the Services.  In
performing the Services, Consultant shall report to such person as may, from
time to time, be designated by the Company’s chief executive
officer.  Consultant shall not have any authority to execute contracts
or make any commitments on behalf of the Company.

     

    (b) Consultant
accepts the engagement provided in this Agreement and agrees to perform the
Services in a professional manner, diligently, in good faith, in a manner
consistent with the best interests of the Company.  Consultant shall
not be required to devote his full time and attention to the Services. The
Company recognizes that Consultant has other business activities to which he
devotes a significant amount of his time.

     

    2. Term.  This
Agreement shall, subject to Section 5 of this Agreement, have a term (the
“Term”) commencing on the date of this Agreement and ending on the six month
anniversary of the Effective Date.

     

    3. Compensation.  In
consideration of the Services rendered and to be rendered by Consultant the
Company shall grant to Consultant 2,273,438 shares of the Company’s common
stock, par value $.0001 per share (“Common Stock”), which shall be issued
concurrent with the Funding; provided, however, 750,235 shares shall be held by
a third party and shall be delivered to the Consultant upon the closing of a
financing in excess of $2,000,000 resulting from the efforts of Consultant at
terms that are acceptable to the Company.  The 2,273,438 shares of
Common Stock issued under this Agreement shall have piggyback registration
rights.

     

    4. Expenses.  The
Company shall reimburse Consultant for all reasonable and necessary expenses
incurred by Consultant on behalf of the Company upon presentation of appropriate
vouchers and back-up documentation in accordance with the Company’s expense
reimbursement policy.  Consultant will not incur any expenses for
travel or any other expenses involving more than $100 without the prior written
approval of the Company.

     

     

    
      
        
        

      

      
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    5. Confidential
Information.

     

    (a) Consultant
recognizes and acknowledges that during the course of performing the Services it
will acquire information regarding the Company and the Company’s business
methods, technology, products, plans and clients and other information which is
not publicly known and which the Company regards as proprietary to it and
includes any confidential proprietary information (“Confidential
Information”).  Without limiting the generality of the foregoing,
Confidential Information includes all proprietary know-how, use and applications
know-how, technical information, product formulae and formulations and other
trade secrets relating to the Company’s products and proposed products, any
information or other information contained in any patent application, regardless
of whether a patent is ever issued with respect to such application, results of
studies and surveys, in any stage of development, including, without limitation,
modifications, enhancements, designs, concepts, techniques, methods, ideas, flow
charts and all other information relating to the Company’s
products.

     

    (b) Consultant
agree that it will not, at any time, whether during or after the Term, disclose
to any person or use, directly or indirectly, for Consultant’s own benefit or
the benefit of others, or aid or assist others in using any Confidential
Information, or permit any person to examine or make copies of any document
which may contain or is derived from Confidential Information, whether prepared
by Consultant or otherwise coming into Consultant’s possession or
control.

     

    (c) In the
event that Consultant is, pursuant to, or required by, applicable law,
regulation or legal process, to disclose any of the Confidential Information,
Consultant will notify the Company promptly so that the Company may, at its
cost, seek a protective order or other appropriate remedy or, its sole
discretion, waive compliance with the terms of this Section
5.  Consultant shall not disclose any Confidential Information until
the court has made a ruling.  In the event that no such protective
order or other remedy is obtained, or in the event that the disclosing party
waives compliance with the terms of this Section 5, Consultants will furnish
only that portion of the Confidential Information which it is advised by counsel
is legally required and will exercise all reasonable efforts to obtain reliable
assurance that confidential treatment will be accorded the Confidential
Information.

     

    6. Return of Confidential
Information.  Consultant shall, upon completion of the Services
or upon termination of Consultant’s engagement with the Company, or earlier at
the request of the Company, turn over to the Company all documents, papers,
computer disks or other material in Consultant’s possession or under
Consultant’s control which may contain or be derived from Confidential
Information, together with all documents, notes or other work products which are
connected with or derived from the Services.  To the extent that any
Confidential Information is on Consultant’s hard drive or other storage media,
he shall, upon the request of the Company, cause such information to be erased
from his computer disks and all other storage media.

     

    7. Non-Solicitation.

     

    (a) During
the Term and for a period one (1) year following the expiration or
termination of the Term, Consultant will not, directly or
indirectly:

     

    (i) persuade
or attempt to persuade any person or entity which is or was a customer or
supplier of the Company to cease doing business with the Company, or to reduce
the amount of business it does with the Company (the terms “customer,” as used
in this Section 7(a) includes any potential customer to whom the Company
submitted bids or proposals, or with whom the Company conducted negotiations,
during the Term);

     

    (ii) persuade
or attempt to persuade any employee of the Company to leave the Company’s
employ, or to become employed by any person or entity other than the
Company.

     

    (b) Consultant
acknowledge that the restrictive covenants (the “Restrictive Covenants”)
contained in this Section 7 are a condition of Consultant’s engagement by the
Company and the grant of the Common Stock and are reasonable and valid in
geographical and temporal scope and in all other respects. If any court
determines that any of the Restrictive Covenants, or any part of any of the
Restrictive Covenants, is invalid or unenforceable, the remainder of the
Restrictive Covenants and parts thereof shall not thereby be affected and shall
remain in full force and effect, without regard to the invalid portion. If any
court determines that any of the Restrictive Covenants, or any part thereof, is
invalid or unenforceable because of the geographic or temporal scope of such
provision, such court shall have the power to reduce the geographic or temporal
scope of such provision, as the case may be, and, in its reduced form, such
provision shall then be enforceable.

     

     

     

    
      
        
        

      

      
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    8. Injunctive
Relief.  Consultant acknowledge that the violation or
threatened violation by it of any of the provisions of Sections 5, 6 and 7 of
this Agreement shall cause immediate and irreparable harm to the
Company.  In the event of any breach or threatened breach of any of
said provisions, Consultant consent to the entry of preliminary and permanent
injunctions by a court of competent jurisdiction prohibiting them from any
violation or threatened violation of such provisions and compelling them to
comply with such provisions. This Section 8 shall not affect or limit, and the
injunctive relief provided in this Section 8 shall be in addition to, and not in
lieu of, any other remedies available to the Company at law or in equity for any
such violation by Consultant.

     

    9.           Non-Circumvention. Neither Company nor any
representative of Company shall contact any funding source introduced to the
Company through Consultant without the prior written approval of Consultant for
the duration of this Agreement, or for a period of two years following the
termination of this Agreement.  Furthermore, Company hereby
irrevocably agrees not to circumvent, avoid, bypass, or obviate, directly or
indirectly, the intent of this Agreement, or to avoid payment of fees in any
transaction with any funding source introduced to the Company by
Consultant.

     

    10. Independent
Contractors.  It is expressly agreed that the Company and
Consultant are acting hereunder as independent contractors.  Neither
party shall be deemed to an employer, employee, agent, partner or joint venturer
of the other. No party has authority to enter into agreements on behalf of any
other party or to bind any other party in any way.

     

    11. Notices.  Any
notices required or permitted to be sent hereunder shall be in writing and shall
be sent, by certified or regis­tered mail, return receipt
re­quest­ed, or by messenger or overnight courier which provides
evidence of delivery, or by telecopier or similar means of communication if the
receipt is acknowledged or if a copy thereof is sent in the manner provided in
this Section 11.  Notices shall be sent to the addresses or telecopier
number set forth on the signature page of this Agreement.  Notices
shall be effective upon the date when delivery is either ef­fected or
refused.

     

    12. Survival.  The
provisions of Sections 5, 6 and 7 of this Agreement shall survive any
termination of this Agreement or the Term.  This Agreement shall
survive any change in stock ownership of the Company.

     

    13. Miscellaneous.

     

    (a) Consultant
represents, warrants, covenants and agrees (i) that it has a right to enter into
this Agreement, (ii) that it is not a party to any agreement or understanding,
oral or written, which would prohibit performance of his obligations under this
Agreement, (iii) that it will not use in the performance of his obligations
hereunder any proprietary information of any other party which he is legally
prohibited from using, (iv) that it is an accredited investor within the meaning
of Rule 501 of the Commission pursuant to the Securities Act of 1933 (the
“Securities Act”), (v) that it understands that the Shares constitute restricted
securities within the meaning of Rule 144 of the Securities Exchange Commission
(the “Commission”) pursuant to the Securities Act and may not be sold or
otherwise transferred except pursuant to an effective registration statement or
an exemption from the registration requirements of the Securities Act and (vi)
acknowledges that the certificate or certificates for the Common Stock will bear
the Company’s customary Securities Act restrictive legend.

     

    (b) This
Agreement, and the respective rights, duties and obligations of the parties
pursuant to this Agreement, shall be governed and construed in accordance with
the laws of the State of Florida applicable to agreements executed and to be
performed wholly within such state without regard to principles of conflicts of
law.  Each party hereby (i) irrevocably consents and agrees that any
legal or equitable action or proceeding arising under or in connection with this
Agreement may be brought in any federal or state court situated in Sarasota,
Florida, (ii) irrevocably submits to and accepts, with respect to its properties
and assets, generally and unconditionally, the in personam jurisdiction of the
aforesaid courts and waives the defense of an inconvenient forum to the
maintenance of such action or proceeding, and (iii) agrees that service in any
such action may be made either (x) by mailing or delivering a copy of such
process to such party in the manner set forth in Section 11 of this Agreement,
other than by facsimile transmission, or (y) by any other manner permitted by
law.

     

     

    
      
        
        

      

      
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    (c)  This
Agreement shall bind and inure to the benefit of the parties, and their
respective executors, administrators, successors and assigns; provided, however,
that neither party may assign his or its obligations under this Agreement except
that this Agreement may be assigned by the Company in connection with a merger,
consolidation or sale by the Company of all or substantially all of its
business.

     

    (d) If any
provision of this Agreement is found to be void or unenforceable by a court of
competent jurisdiction, the remaining provisions of this Agreement, shall,
nevertheless, be binding upon the parties with the same force and effect as
though the unenforceable part has been severed and deleted.

     

    (e) Each of
the parties to this Agreement shall execute and deliver to the other party,
without charge to the other party, any further instruments and documents and
take such other action as may be requested by the other party in order to
provide for the other party the benefits of this Agreement.

     

    (f) This
Agreement may be executed in one or more counterparts, all of which shall be
deemed to be duplicate originals.

     

    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

     

    IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the date first above written.

     

    

    FIRSTWAY ENTERPRISES,
INC.

    

    
 

    By:  /s/ Stuart
Posner 

    Name: Stuart Posner

    Title: Chief Executive
Officer

    

    ADDRESS:

    

    12876 Biscayne Boulevard, Suite
276

    Miami,
Florida  33181

    Attention: Stuart Posner,
CEO

    Facsimile:
_____________________

    

    CYPRESS ADVISORS LLC

    

    

    By: /s/Scott Koch 

    Name: Scott Koch

    Title: Managing Member

    

    ADDRESS:

    

    2750 N.E. 185th Street, 2nd
Floor

    Miami Florida 33180

    

    Attention: Scott Koch, Managing
Member

    Facsimile:
_____________________

    
 

     

     

    4Exhibit
10.7

PARTICIPATION
AGREEMENT

LLOG GC 141 PROSPECT

This Participation Agreement (“Agreement”) is entered
into and made effective this 1st day of March, 2008 (“Effective Date”) by and
between LLOG
Exploration Offshore, Inc. (“LLOG”), whose mailing address is 11700
Old Katy Road, Suite 295, Houston, Texas 77079 and Ridgewood Energy Corporation, (“Ridgewood”),
whose mailing address is 11700 Old Katy Road, Suite 280, Houston, Texas 77079,
herein referred to collectively as “Parties” and individually as a “Party”.

WITNESSETH

WHEREAS, LLOG has acquired leasehold
interests to OCS Oil and Gas lease OCS-G 21785 covering Green Canyon Block 141,
acquired by LLOG from Westport Oil & Gas Corporation and Anadarko
Production Company (hereinafter referred to as the “Prospect”), and 

WHEREAS, pursuant to that certain Offer to
Participate dated February 11, 2008 and that certain conditional letter of
acceptance dated February 15, 2008 by and between LLOG and Ridgewood covering
the Prospect, Ridgewood has advised LLOG of its desire to participate in the
drilling of the initial exploratory well on the Prospect, and

WHEREAS, LLOG and Ridgewood desire to set
forth the terms and conditions under which Ridgewood shall participate in the
initial exploratory well and receive an assignment of an interest in the Leases
comprising the Prospect, all as more fully provided for herein, and

NOW, THEREFORE, for and in consideration of
the sum of Ten Dollars ($10.00) and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged and confessed,
together with the mutual covenants, conditions, and obligations contained
herein, LLOG and Ridgewood do hereby enter into this Agreement under the
following terms and conditions:

ARTICLE
I

DEFINITIONS

1.1     AFE:
shall mean the Authorization for Expenditure for the initial exploratory well
on the Prospect, a copy of which is attached hereto as Exhibit “A-1”.

1.2     Contract
Area: shall mean all of Green Canyon Block 141 and the
South-half of the South-half (S/2 S/2) of Green Canyon Block 97.

1.3     Initial
Exploratory Well (“IEW”): shall mean the first well or its
substitute well(s), as provided for in Article III below, to be drilled within
the Contract Area to the Objective Depth.

1

1.4     Lease(s): shall
mean the Federal OCS Oil and Gas Leases described as OCS-G 21785, Green Canyon
Block 141.

1.5     Objective
Depth: shall
mean a true vertical depth of at least 14,900 feet true vertical depth (15,706’
measured depth), or to a depth sufficient to test the Lentic 1 section, as
defined hereinafter, whichever is deeper. For the purposes of this Agreement,
the Lentic 1 section shall be deemed drilled to a sufficient depth when the IEW
has been drilled to a depth sufficient to evaluate the seismic trough amplitude
event observed at 4.250 seconds on Inline 1777 and Crossline 2071 of the TGS
Diamond 3-D Seismic Survey. Such Lentic 1 section is also identified as the
stratigraphic equivalent of the Lentic 1 section found in the Conoco OCS_G 5093
#1 well located in Green Canyon Block 142 at the interval from 14190’ to 14830’
true vertical depth.

1.6     Operating
Agreement: shall mean the Green Canyon Block 141 Prospect
Operating Agreement attached hereto as Exhibit “B” to be executed among the
working interest owners effective as of March 1, 2008.

1.7     Well Plan:
shall mean the Well Plan for the IEW attached hereto as Exhibits “A-2”, “A-3”
and “A-4”.

1.8     Capitalized terms used throughout this
Agreement and not defined in Sections 1.1 through 1.7 above, shall have the
meanings ascribed to them elsewhere in this Agreement or in the Exhibits
attached hereto.

Article II

EXHIBITS

     The
following Exhibits are attached hereto and made a part of this Agreement: 

	
 

	
 

	
 

	
 

	
Exhibit
  “A-1”

	
Authority
  for Expenditure OCS-G 21785 #2 Well

	
 

	
 

	
 

	
 

	
Exhibit “A-2”

	
Well Schematic for OCS-G 21785 #2 Well

	
 

	
 

	
 

	
 

	
Exhibit “A-3”

	
Directional Survey for OCS-G 21785 #2 Well

	
 

	
 

	
 

	
 

	
Exhibit “A-4”

	
Pore Pressure, Fracture Pressure for OCS-G 21785 #2
  Well

	
 

	
 

	
 

	
 

	
Exhibit “B”

	
Operating Agreement

	
 

	
 

	
 

	
 

	
Exhibit “C”

	
Geologic and Data Information Requirements of
  Ridgewood

	
 

	
 

	
 

	
 

	
Exhibit “D”

	
Form of Assignment of Record Title Interest

	
 

	
 

	
 

	
 

	
Exhibit “E”

	
Existing Burdens on the Contract Area

2

Article III

IEW Participation

          3.1     Subject to rig availability, permitting
and any regulatory approvals by the MMS, on or before April 30, 2008, LLOG as
Operator shall commence the drilling of the IEW at a location that is 7726’ FWL
and 1364’ FSL of OCS-G 31694, Green Canyon Block 97 and drill the IEW to the
Objective Depth in accordance with the AFE and Well Plan. Ridgewood shall bear
and pay twenty-five percent (25%) of the costs and expenses of the IEW.
Ridgewood, having reviewed the Well Plan and AFE with all particulars (i.e.
casing program, mud system, logging/evaluation program, and TD criteria),
hereby acknowledges its agreement with the IEW well design, including but not
limited to, well location (surface and bottom-hole) and the projected
penetration point into the objective interval and does hereby approve such Well
Plan and AFE for the IEW and elects to participate therein for its 25% working
interest. 

          3.2     In the event in the drilling of the IEW
there should be encountered rock salt, heaving shale, excessive water flow,
excessive pressure, igneous or other impenetrable formation or conditions which
would render impracticable and preclude drilling the IEW to the Objective
Depth, then and in such event any party to the Operating Agreement described in
Article IV below may propose within one hundred and twenty (120) days
following rig release for such well the drilling of a substitute well
(“Substitute Well”) provided same is drilled to the same objective zone or
zones as the IEW. If a Substitute Well is proposed under the Operating
Agreement and Ridgewood is a participating Party, this Participation Agreement
shall remain in full force and effect as though the Substitute Well was the
IEW. If a Substitute Well is proposed under the Operating Agreement and
Ridgewood is not a participating Party, this Participation Agreement shall
terminate and the terms of the Operating Agreement shall apply and govern the
interests of the Parties.

Article IV

Operating Agreement and Area of Mutual Interest

          4.1     All operations on the Contract Area
shall be governed by the Operating Agreement attached hereto as Exhibit “B”. The
Parties to the Operating Agreement may, by agreement amongst them, amend the
Operating Agreement from time to time. The Parties agree that all provisions of
the Operating Agreement shall apply to all operations conducted after the
Effective Date within the Contract Area, except as otherwise provided in this
Agreement. Should any conflict or inconsistency exist between the Operating
Agreement and this Agreement as to the matters addressed herein, or in the
event this Agreement addresses matters not included in the Operating Agreement,
this Agreement shall prevail.

          4.2     LLOG
shall provide Ridgewood with any and all raw well data and information obtained
and/or results of analyses performed through the conduct of the drilling of any
wells by LLOG on the Contract Area in which Ridgewood is a participant, as
further provided for in Exhibit “C”, and any additional data and/or information
that Ridgewood may become entitled to pursuant to the terms of the Operating
Agreement. All data delivered to Ridgewood as provided in this Section 4.3
shall be delivered to Ridgewood pursuant to the Operating Agreement.

3

          4.3     LLOG and Ridgewood
hereby create an Area of Mutual Interest (“AMI”) covering the South-half of the
South-half (S/2 S/2) of Green Canyon Block 97. This AMI shall terminate three
(3) years after the Effective Date, unless earlier terminated by the terms
herein. If a Party acquires an interest or a right to acquire an interest in
Green Canyon Block 97 (the “Acquiring Party”), the interests of the Parties
shall be seventy five percent (75%) to LLOG if Ridgewood is the Acquiring Party
and twenty five percent (25%) to Ridgewood if LLOG is the Acquiring Party.
Under any circumstance, within fifteen (15) days after the date on which the
Acquiring party acquired the interest (or the right to acquire the interest),
it shall notify the non-Acquiring party in writing of such acquisition. The
notice shall describe the interest acquired and the actual costs, burdens
and/or obligations reserved or to be reserved to acquire such interest. Upon
receipt of such notice, the non-Acquiring party shall have thirty (30) days
after receipt of the notice to exercise its right to acquire its share of such
interest. Upon receipt of the non-Acquiring party’s share of the costs or upon
receipt of the non-Acquiring party’s written acceptance of the burdens or
obligations which must be incurred to earn the interest, the Acquiring party
shall assign the appropriate interest to the non-Acquiring party. 

Article V.

Reimbursement of Land Sunk Costs and Assignment of Leases

          5.1     Within five (5)
business days of Ridgewood’s execution of this Participation Agreement,
Ridgewood agrees to pay LLOG $248,075.00, which represents Ridgewood’s
proportionate share of the Lease bonuses, rentals and geological and
geophysical costs (“Land Sunk Costs”) incurred by LLOG prior to the Effective
Date for each Prospect. 

          5.2     Within five (5)
business days of the receipt by LLOG of Ridgewood’s payment as set forth in
Article 5.1 above, LLOG shall execute and deliver or cause to be executed and
delivered to Ridgewood an assignment of an undivided twenty-five percent (25%)
record title interest in Lease OCS-G 21785 covering Green Canyon Block 141.
Thereafter ownership of the Leases in the Contract Area shall be as follows:

	
 

	
 

	
 

	
 

	
LLOG

	
75%

	
 

	
Ridgewood Energy Corporation

	
25%

The form of assignments into Ridgewood shall be
similar to the form of Assignment attached hereto as Exhibit “D”. Ridgewood
shall bear its proportionate 25% share of the Lease royalty and its proportionate
25% share of the overriding royalty burdens on the Leases, such overriding
royalty interest burdens being more fully described on Exhibit “E” attached
hereto.

          5.3     Any
assignment(s) of record title interest delivered by the Parties pursuant to
this Agreement shall be delivered without warranty of title, whether express or
implied, except as to persons lawfully claiming by, through or under the
assignor, but not otherwise, and shall be free and clear of all burdens or
other encumbrances on the leasehold, except for the assignor’s share of the
lessor’s royalty, overriding royalty and those existing burdens as set forth in
Exhibit “E” attached hereto. Further, any such assignment(s) delivered by the
Parties pursuant to this Agreement shall be subject to the terms of this
Agreement, the MC 489 Agreement and the Operating Agreement.

4

          5.4     The
assignment(s) of record title interest executed pursuant to this Agreement
require approval by the MMS. The assignee under any assignment(s) of record
title interest executed pursuant to this Agreement shall promptly (i) file of
record any assignment of record title interest in the appropriate governmental
records and (ii) file for approval with the MMS (or other applicable
governmental agencies) all assignment documents for the assigned interest.
Should approval of the MMS (or any other similar governmental agency having
jurisdiction) be denied, the Party receiving notice of such denial agrees to
provide the other Party with written notice of such occurrence, along with a
copy of all associated written communications, and the Parties agree to develop
a revised form of assignment in an effort to meet the MMS’ or other appropriate
agency’s requirements for approval. In the alternative, each Party shall
execute and deliver, or cause to be executed and delivered, such other
documents and take such other actions as a Party may reasonably request in an
effort to comply with any such approval requirements. Ridgewood shall execute
the necessary “Designation of Operator” form (MMS Form 1123) designating LLOG
as the operator of the Leases and as designated applicant for oil spill
financial responsibility for the Leases, along with any other documents
required to allow LLOG to serve as operator of the Leases.

          5.5     Either Party’s rights
and obligations hereunder may be assigned to a willing and financially able
party subject to the terms and conditions of the Operating Agreement. This
Agreement shall be binding upon and inure to the benefit of the Parties and
their respective heirs, successors, representatives and assigns and shall
constitute a covenant running with the lease comprising the Contract Area.

ARTICLE VI

APPLICABLE LAW

          6.1     THIS AGREEMENT AND ALL OPERATIONS
CONDUCTED HEREUNDER BY THE PARTIES SHALL BE SUBJECT TO ALL VALID APPLICABLE
LAWS, RULES, REGULATIONS AND ORDERS, INCLUDING ALL FEDERAL LAWS, RULES,
REGULATIONS AND ORDERS (“FEDERAL LAW”). TO THE EXTENT REQUIRED BY FEDERAL LAW,
THE LAWS OF THE STATE ADJACENT TO THE CONTRACT AREA SHALL APPLY. THIS AGREEMENT
SHALL OTHERWISE BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE
LAWS OF THE STATE OF TEXAS, EXCLUSIVE OF ANY PROVISIONS THAT WOULD DIRECT THE
APPLICATION OF THE SUBSTANTIVE LAW OF ANY OTHER JURISDICTION.

5

ARTICLE VII
NOTICES

          7.1     Any
notices, communications, or documents that either of the Parties desire to give
to the other Party or that may be required to be delivered to the other Party
pursuant to this Agreement shall be in writing and sent via telecopy, delivered
in person or sent certified mail, postage prepaid, return receipt requested,
addressed to the Parties at the following respective addresses stated for each:

	
 

	
 

	
 

	
 

	
LLOG Exploration Offshore, Inc. 

	
 

	
11700 Old Katy Road, Suite 295

	
 

	
Houston, Texas 77079

	
 

	
Attention:

	
Michael Altobelli

	
 

	
Telephone:

	
(281) 752-1105

	
 

	
Facsimile:

	
(281) 296-0219

	
 

	
 

	
 

	
 

	
Ridgewood Energy Corporation

	
 

	
11700 Old Katy Road, Suite 280

	
 

	
Houston, Texas 77079

	
 

	
Attention:

	
Randy Bennett

	
 

	
Telephone:

	
(281) 293-9384

	
 

	
Facsimile

	
(281) 203-7705

For purposes hereof, if facsimile or personal delivery
is not possible, refusal by any Party hereto to accept correspondence sent by
certified mail or two (2) unsuccessful attempts by the U.S. Postal Service to
serve any communication sent by certified mail shall be deemed receipt of such
correspondence. Any notice delivered on Saturday, Sunday, a legal holiday or
after 4:15 p.m. on any other day, in the office of the recipient, shall be
deemed to have been delivered on the business day next following the date of
actual receipt. Either Party may change its address for notices by written
notice to the other of them in accordance with this Section.

ARTICLE VIII
TERM

          8.1     The term of this
Agreement shall commence on the Effective Date, and shall terminate upon the
earlier of: (i) December 31, 2008 should the IEW not be commenced by such date,
or (ii) the date the IEW reaches the Objective Depth, or (iii) the expiration
of the Operating Agreement, or (iv) by the mutual agreement of the Parties,
whichever event occurs first. Upon termination of this Agreement any and all
future operations to be conducted on the Lease(s) for the joint benefit of the
Parties shall be conducted under the Operating Agreement.

ARTICLE
IX

RENTALS

          9.1     LLOG shall make all rental payments on
behalf of the Parties for the Contract Area during the term of this Agreement.
LLOG shall use reasonable care to make proper and timely payment of all rentals
accruing under the terms of the lease(s) in the Contract Area. Upon receipt by
Ridgewood of proper evidence of any such payments and LLOG’s invoice for
Ridgewood’s twenty-five percent (25%) interest share of such rental payments
accruing from and after the Effective Date, Ridgewood shall reimburse LLOG for
its twenty-five percent (25%) interest share of such rentals. In the event LLOG
fails to make proper payment of any rental accruing under the terms of the
Lease(s) where such payment is required to continue the Lease(s) in force, LLOG
shall not be liable to Ridgewood for any resulting damages or any loss which
results from such non-payment, unless such non-payment results from LLOG’s
gross negligence or willful misconduct. After the execution and delivery of the
assignments referenced in Article V, the applicable terms in the Operating
Agreement shall control as to the payment of rentals.

6

ARTICLE X

MISCELLANEOUS PROVISIONS

          10.1    This Agreement together
with the instruments referred to herein and the Exhibits attached hereto,
embody the entire agreement between the Parties with regard to the subject
matter hereof, and supersede all other prior agreements, arrangements,
understandings, negotiations and discussions, whether oral or written between
the Parties relating to the subject matter hereof and there are no warranties,
representations or other agreements between the Parties in connection with the
subject matter hereof except as specifically set forth in this Agreement or in
subsequent documents delivered pursuant thereto. This Agreement may be
supplemented, altered, amended, modified or revoked only in writing, signed by all
Parties hereto.

          10.2    Except for the
definition headings contained in Article 1, all of the captions, numbering
sequences and paragraph headings used in this Agreement are inserted for
convenience only and shall in no way define, limit or describe the scope or
intent of this Agreement or any part thereof, nor shall they have any legal
effect other than to aid in a reasonable interpretation of this Agreement.

          10.3    Each Party has had the benefit of independent representation with
respect to the subject matter of this Agreement. This Agreement, though drawn by one Party, shall be considered for all
purposes as prepared through the joint efforts of the Parties, and shall not be
construed against one Party or the other as a result of the preparation,
submittal or other events of negotiation, drafting or execution hereof.

          10.4    Each of the Exhibits attached to this Agreement are incorporated into
this Agreement by reference as fully as if the text of each Exhibit were set
forth within the body of this Agreement.

          10.5    In the event of any conflicts or inconsistencies between the provisions
of this Agreement and any other agreement, including any agreement referenced
herein to be executed by the Parties hereafter, the provisions of this
Agreement shall control to the extent of such conflict.

          10.6    The Parties agree that prior to making any public announcement or
statement with respect to the transactions or operations contemplated by this
Agreement, the Party desiring to make such public announcement shall obtain the
prior written approval of the other Party to the text of such announcement or
statement, which approval shall not be unreasonably withheld; provided,
however, that any Party shall have the right, for any reason, to deny approval
in the event the announcement or statement specifically names or otherwise
identifies said Party. Nothing contained in this Article 10.6 shall be
construed to require any Party to obtain approval to disclose information to
any State or Federal governmental authority or agency, to the extent required
by applicable law or by any applicable rules, regulations or orders of any
governmental authority or agency having jurisdiction, or as necessary to comply
with any disclosure requirements of applicable securities laws or any applicable
stock exchanges, or if otherwise permitted under the terms of the Operating
Agreement.

7

          10.7    This
Agreement may be executed by signing the original or a counterpart hereof. If
this Agreement is executed in multiple counterparts, each counterpart shall be
deemed an original and all of which when taken together shall constitute but
one and the same Agreement with the same effect as if all Parties had signed
the same instrument. This Agreement may also be ratified by separate instrument
referring to this Agreement and adopting by reference all the provisions of
this Agreement. A ratification shall have the same effect as an execution of
the original Agreement.

          10.8    This Agreement is
subject to the arbitration provisions of the Operating Agreement.

          10.9    If any provision of this Agreement is for any reason held to violate any
applicable law, governmental rule or regulation, or if the provision is held to
be unenforceable or unconscionable, then such provision shall be deemed null
and void; but the invalidity of that specific provision shall not be held to
invalidate the remaining provisions of this Agreement. All other provisions in
the entirety of this Agreement (including all Exhibits) shall remain in full
force and effect unless the removal of the invalid provision destroys the
legitimate purposes of this Agreement, in which event this Agreement shall be
canceled and terminated. In the event any provision of this Agreement is or
shall become unenforceable because of changes in applicable laws, or interpretations
thereof, or should this Agreement fail to include a provision that is required
as a matter of law, the validity of the other provisions of this Agreement
shall not be affected. If those circumstances should arise, the Parties shall
negotiate in good faith the required modifications to this Agreement to place
themselves in the same position (insofar as possible), as they would have been
in but for the change in applicable laws or interpretations thereof. If they
cannot agree, the matter shall be submitted to arbitration.

          10.10   This Agreement does not
benefit or create any rights in any person or entity not a party to this
Agreement. It is expressly agreed that the duties, obligations and liabilities
of the Parties are several and not joint, and nothing contained herein shall be
construed to create or impose a partnership duty, obligation or liability on
any of the Parties. Further, each Party represents that upon execution of this
Agreement it has secured all necessary management approvals or other corporate
approvals necessary to make this Agreement a fully binding contract.

          10.11   Waiver:
No waiver by either Party of any default by the other Party in the performance
of any provision, condition or requirement herein shall be deemed to be a
waiver of, or in any manner a release of the other Party from, performance of
any other provision, condition or requirement herein, nor deemed to be a waiver
of, or in any manner a release of the other Party from, future performance of
the same provision, condition or requirement; nor shall any delay or omission
of either Party to exercise any right hereunder in any manner impair the
exercise of any such right or any like right accruing to it thereafter.

8

          10.13   
Pre-Spud. LLOG will hold a pre-spud meeting for the benefit of the
participating party(s) on or before April 10, 2008.

EXECUTED as of the dates shown below, but effective
for all purposes as of the Effective Date.

	
 

	
 

	
LLOG
  Exploration Offshore, Inc.

	
 

	
 

	
By:

	
 

	
 

	

	
Name:

	
Michael Altobelli

	
Title:

	
Land Manager – GOM Deepwater

	
Date:

	
 

	
 

	

	
 

	
 

	
Ridgewood Energy Corporation

	
 

	
 

	
By

	
 

	
 

	

	
Name:

	
W. Greg Tabor

	
Title:

	
Executive Vice President

	
Date: 

	
 

	
 

	

9

Exhibit
“A-1”

Attached to and made a part of that certain Participation Agreement effective 

March 1, 2008 by and between LLOG Exploration Offshore, Inc. and 

Ridgewood Energy Corporation.

AFE FOR OCS-G 21785 #2

10

Exhibit
“A-2”

Attached to and made a part of that certain Participation Agreement effective

March 1, 2008 by and between LLOG Exploration Offshore, Inc. and

Ridgewood Energy Corporation.

WELL SCHEMATIC FOR OCS-G 21785 #2

11

Exhibit
“A-3”

Attached to and made a part of that certain Participation Agreement effective 

March 1, 2008 by and between LLOG Exploration Offshore, Inc. and 

Ridgewood Energy Corporation.

DIRECTIONAL SURVEY FOR OCS-G 21785 #2 

12

Exhibit
“A-4”

Attached to and made a part of that certain Participation Agreement effective 

March 1, 2008 by and between LLOG Exploration Offshore, Inc. and 

Ridgewood Energy Corporation.

PORE PRESSURE, FRACTURE PRESSURE FOR OCS-G 21785 #2

13

Exhibit “B”
Attached to and made a part of that
certain Participation Agreement effective

March 1, 2008 by and between LLOG Exploration Offshore, Inc. and 

Ridgewood Energy Corporation.

OPERATING AGREEMENT

14

Exhibit
“C”

Attached to and made a part of that certain
Participation Agreement effective

March 1, 2008 by and between LLOG Exploration Offshore, Inc. and

Ridgewood Energy Corporation.

GEOLOGIC AND DATA INFORMATION
REQUIREMENTS OF RIDGEWOOD

	
 

	
 

	
WELL:

	
OCS-G-21785 No. 2

	
LOCATION:

	
Green Canyon Block 141

	
OPERATOR:

	
LLOG Exploration Offshore, Inc.

	
ADDRESS:

	
11700 Old Katy Road, Suite 295

  Houston, Texas 77079

Ridgewood Energy Corporation (Ridgewood) requests the
following data:

	
 

	
 

	
 

	
 

	
DAILY REPORTS

	
 

	

	
 

	
BY FAX OR 

	
 

	
 

	
EMAIL:

	
Daily drilling reports by 8:00 AM to:

	
 

	
 

	
 

	
 

	
 

	
FAX: 281-

	
 

	
 

	
Mudlogs, LWD/MWD logs by 8:00 AM to ATTN: _____________ , FAX: 281-_______,
  (VOICE MAIL __________)

	
 

	
 

	
Cement Bond Logs by email
  to:

	
 

	
 

	
 

	
 

	
BY MAIL:

	
All preliminary (field) and final logs, reports and
  other data and correspondence to the above address to the attention of ___________ or as appropriate.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
ENGINEERING AND REGULATORY DATA

	
 

	
 

	
 

	
COPIES

	
 

	
ITEM

	
 

	
FIELD

	
 

	
FINAL

	
 

	

	

	

	

	

	
 

	
Drilling Prognosis (complete drilling program)

	
 

	
 

	
 

	
2

	
 

	
Authority for Expenditure (AFE)

	
 

	
 

	
 

	
1

	
 

	
Location Plat and Elevation

	
 

	
 

	
 

	
1

	
 

	
Application for Permit to Drill, Approved Drilling
  Permit

	
 

	
 

	
 

	
1

	
 

	
Directional Wall Plot (if directional well)

	
 

	
2

	
 

	
N/A

	
 

	
Daily Drilling Report (Email or Fax Daily)

	
 

	
1

	
 

	
 

	
 

	
DST/Potential Test Reports, Reservoir Fluid Analyses

	
 

	
1

	
 

	
2

	
 

	
Directional Survey Report and Digital data (CD)

	
 

	
1

	
 

	
2

	
 

	
Completion/End of Well Reports

	
 

	
 

	
 

	
2

	
 

	
Other MMS/Government Reports and Correspondence

	
 

	
 

	
 

	
1

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
GEOLOGIC DATA

	
 

	
 

	
 

	
COPIES

	
 

	
ITEM

	
 

	
FIELD

	
 

	
FINAL

	
 

	

	

	

	

	

	
 

	
Geological Prognosis

	
 

	
 

	
 

	
1

	
 

	
Mudlogs, Pressure Logs & Show Rpts (Fax or
  Email Daily)

	
 

	
1

	
 

	
4

	
 

	
Mudlogs, Pressure Logs – Film

	
 

	
 

	
 

	
1

	
 

	
LWD Logs (Fax or Email Daily)

	
 

	
1

	
 

	
4

	
 

	
Wireline Logs (Email or Fax: 281-847-6006)

	
 

	
1

	
 

	
 

	
 

	
Open Hole Logs (LWD & Wireline) – Prints

	
 

	
2

	
 

	
4

	
 

	
Open Hole Logs (LWD & Wireline) – Film

	
 

	
 

	
 

	
1

	
 

	
Open Hole Logs (LWD & Wireline) – CD
  (LAS/DLIS/PDS/EMF)

	
 

	
 

	
 

	
2

	
 

	
Core/Sidewall Core Analyses - CD

	
 

	
1

	
 

	
2

	
 

	
Geochemical Analyses of cuttings, gas, liquid
  samples

	
 

	
1

	
 

	
2

	
 

	
Paleontological Analyses

	
 

	
1

	
 

	
2

	
 

	
Velocity Survey/VSP Data

	
 

	
1

	
 

	
2

	
 

	
Mudlogging Final Report (incl. LAS digital data)

	
 

	
 

	
 

	
2

15

	
 

	
 

	
 

	
 

	
 

	
WELL CUTTINGS SAMPLES

	
 

	
 

	
 

	
TYPE

	
 

	
SETS

	
 

	

	

	

	
 

	
Wet Samples

	
 

	
1

	
 

	
Washed and Dried Samples

	
 

	
None

	
 

	
Canned Geochemical Samples

	
 

	
None

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NOTIFICATION LIST

	
 

	
NAME/TITLE

	
 

	
OFFICE PHONE

	
 

	
Home Phone

	
 

	
EMAIL

	
 

	
CELL/PAGER

	

	

	

	

	

	

	

	

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
_________ (Geologist)

	
 

	
281-_______

	
 

	
281-

	
 

	
 

	
 

	
 

	
__________ (Res. Eng.)

	
 

	
281-________

	
 

	
281-304-8495

	
 

	
 

	
 

	
 

	
___________ (Drlg. Eng.)

	
 

	
281-________

	
 

	
281-

	
 

	
 

	
 

	
 

	
__________ (Ops. Eng.)

	
 

	
281-________

	
 

	
281-356-6687

	
 

	
 

	
 

	
 

          Please
notify ___________ or one of the above contacts prior to any unscheduled coring
or logging.

          Ridgewood
requests the following on the subject well:

	
 

	
 

	
 

	
 

	
I.

	
General Requirements

	
 

	
 

	
 

	
 

	
 

	
 

	
A.

	
In accordance with the
  Operating Agreement, Ridgewood, at its own risk and expense, through its
  representative, shall have complete and immediate access at all times to the
  well or wells and the records and information collected in relation thereto.
  Ridgewood may observe the conduct of operations, if desired. In this regard,
  Operator will provide Ridgewood transportation on a space-available basis to
  and from said well or wells on regularly scheduled trips at the sole risk of
  Ridgewood.

	
 

	
 

	
 

	
 

	
 

	
 

	
B.

	
Ridgewood shall be notified in
  sufficient time to allow a representative to be present for all logging,
  testing, and coring operations and shall be notified when a show of oil or
  gas deemed worthy of evaluation is detected during operations. Such notice
  shall be given to one of the parties listed on the notification list.

	
 

	
 

	
 

	
 

	
II.

	
Drill Cuttings, Cores, and Fluid Samples 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
A.

	
Ridgewood requests a set of wet
  samples. Please have samples shipped to: 

	
 

	
 

	
 

	
 

	
______________________.

	
 

	
 

	
 

	
 

	
______________________
  

	
 

	
 

	
 

	
 

	
Houston,
  Texas ______

	
 

	
 

	
 

	
 

	
Phone:
  __________ Fax: ___________ 

	
 

	
 

	
 

	
 

	
Email:
  

16

	
 

	
 

	
 

	
 

	
 

	
 

	
B.

	
If requested, and pending
  availability, the Operator shall provide Ridgewood with a sample of fluids
  recovered from wireline or conventional well tests. An accompanying
  transmittal letter for each sample should contain the well name, fluid type,
  test number, depth interval, date and time of collection, and any other
  pertinent data.

	
 

	
 

	
 

	
 

	
 

	
 

	
C.

	
Ridgewood shall be furnished a
  copy of all analyses performed by third-party vender(s) on cuttings, whole
  core or sidewall core samples, and fluid samples. Upon request, and pending
  availability, the Operator shall provide Ridgewood with a split of all whole
  core, rotary sidewall cores, and percussion sidewall cores for additional
  testing or analyses.

	
 

	
 

	
 

	
 

	
III.

	
Mudlogs, LWD/MWD Logs, Wireline Logs, Core Analyses, and
  Reports

	
 

	
 

	
 

	
 

	
 

	
 

	
A.

	
The 1” mud log, the 1” LWD/MWD
  log, and the mudlogger’s report should be faxed or emailed daily to Ridgewood
  as noted on page 1. On directional or deviated wells, both measured-depth
  (MD) and true-vertical-depth (TVD) logs are requested.

	
 

	
 

	
 

	
 

	
 

	
 

	
B.

	
Prior to any unscheduled
  wireline logging, Operator shall notify Ridgewood so that Ridgewood may elect
  to have a representative present on location. 

	
 

	
 

	
 

	
 

	
 

	
 

	
C.

	
A graphical format of the
  wireline logs should be provided to Ridgewood as soon as possible after each
  log run. Email distribution of raster image files, faxing (LogNet-style),
  INSITE-ANYWHERE and Petrolink have been used successfully on past wells.
  

	
 

	
 

	
 

	
 

	
 

	
 

	
D.

	
Ridgewood should be provided
  with a final composite of the merged LAS files on wireline/LWD/MWD log
  digital data as soon as possible at the end of the well or after the final
  logging run. In addition, the digital data should be available as soon as
  possible after each intermediate log run.

	
 

	
 

	
 

	
 

	
 

	
 

	
E.

	
Ridgewood’s log and report
  requirements are listed on page 1.

	
 

	
 

	
 

	
 

	
IV.

	
Cement Bond Logs 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
A.

	
Ridgewood requests a copy
  of any Cement Bond Log be mailed and emailed to the attention of:

	
 

	
 

	
 

	
 

	
 

	
 

	
Mr. ____________

	
 

	
 

	
 

	
 

	
 

	
Ridgewood Energy
  Corporation

	
 

	
 

	
 

	
 

	
 

	
11700 Old Katy Road,
  Suite 280

	
 

	
 

	
 

	
 

	
 

	
Houston, Texas 77079

	
 

	
 

	
 

	
 

	
Email address:

	
____________________

17

Exhibit
“D”

Attached to and made a part of that certain Participation
Agreement effective 

March 1, 2008 by and between LLOG Exploration Offshore, Inc. and 

Ridgewood Energy Corporation.

***Block #***]

OCS-G
_____ 

(FORM OF)

ASSIGNMENT OF RECORD TITLE INTEREST

	
 

	
 

	
UNITED
  STATES OF AMERICA

	
§

	
OUTER
  CONTINENTAL SHELF

	
§

	
OFFSHORE
  LOUISIANA

	
§

          For
good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, and in consideration of the covenants and agreements of Assignee
herein contained, and subject to the terms and conditions hereinafter set
forth, LLOG
Exploration Offshore, Inc., a Louisiana corporation, whose address
is 433 Metairie Road, Suite 600, Metairie, Louisiana 70005 (“Assignor”), hereby
sells, transfers, assigns, conveys and delivers unto and Ridgewood Energy Corporation.,
whose address is 11700 Old Katy Road, Suite 280, Suite 280, Houston, Texas
77079 (“Assignee”), effective as of                 
          
       ,
at 7:00 a.m., local time where the Lease is located the “Effective Time”),           
              percent of
eight-eighths (       % of 8/8ths) record title interest in and
to the following oil and gas lease (the “Assigned Interest” ):

	
 

	
 

	
 

	
 

	
Serial Number OCS-G ___________________: Oil and Gas
  Lease of Submerged Lands under the Outer Continental Shelf Lands Act dated
  effective _________________, issued by the United States of America, as
  lessor, to _____________, as lessee, covering all of Block
  ____________, Mississippi Canyon, OCS Official Protraction Diagram, NG 15-2,
  containing approximately 5,760.00 acres, more or less (the “Lease”)

	
 

	
 

	
 

	
 

	
 

	

TO HAVE AND TO HOLD the Assigned Interest unto
  Assignee, its successors and assigns forever.

	
 

          This
Assignment of Record Title Interest is made free and clear of all burdens and
encumbrances on the Lease, except for the lessor’s royalty and those existing
burdens and encumbrances set forth in Exhibit “A” attached hereto in existence
as of the Effective Time and is delivered and accepted without any warranty of
title, express or implied, except as to persons lawfully claiming by, through
or under Assignor, but not otherwise, or other representations or warranties.
Assignee shall have the rights of full substitution and subrogation in and to
any and all rights and actions of warranty which the Assignor has or may have
against all preceding owners of the Assigned Interest. 

          Assignee
hereby accepts this Assignment of Record Title Interest subject thereto and
hereby assumes and agrees to fully discharge, comply with and perform its share
of all duties, liabilities, obligations, both express and implied, imposed on
the lessee of the Lease and to comply with all applicable state, federal and
local laws and the rules and regulations of all state and federal regulatory
and administrative bodies having jurisdiction over the Lease premises or
operations for and the production of oil and gas therefrom. 

          This
Assignment of Record Title Interest is subject to that certain Participation
Agreement dated effective March 1, 2008 by and between Assignor and Assignee
and that certain Operating Agreement dated effective July _, 2007 by and
between Assignor and Assignee.

18

          This
Assignment of Record Title Interest is subject to the approval of the Minerals
Management Service of the United States Department of the Interior and/or any
other governmental department or agency having jurisdiction, which approval(s)
Assignee shall earnestly seek to secure by promptly filing this Assignment of
Record Title Interest with the appropriate offices of same.

          The
provisions hereof shall bind and inure to the benefit of Assignee and Assignor
and their respective affiliates, heirs, devisees, legal representatives,
successors and assigns. 

          EXECUTED
this _______ day of _____ 2008, but effective as of the above-stated Effective
Time.

	
 

	
 

	
 

	
WITNESSES:

	
ASSIGNOR:

	
 

	
 

	
 

	
 

	
LLOG
  Exploration Offshore, Inc. 

	
 

	
 

	
 

	
 

	
By:

	
 

	

	
 

	

	
 

	
Name:

	
 

	
 

	
 

	

	
 

	
Title: 

	
 

	

	
 

	

	
 

	
 

	
 

	
WITNESSESS:

	
ASSIGNEE:

	
 

	
 

	
 

	
 

	
Ridgewood
  Energy Corporation

	
 

	
 

	
 

	
 

	
By:

	
 

	

	
 

	

	
 

	
Name:

	
 

	
 

	
 

	

	
 

	
Title: 

	
 

	
 

	
 

	

	

	
 

	
 

19

	
 

	
 

	
STATE
  OF LOUISIANA

	
§

	
COUNTY
  OF __________

	
§

On this ___ day of _____ 2008, before me appeared
Kemberlia Ducote to me personally known, who, being by me duly sworn, did say
that she is the Secretary of LLOG Exploration Offshore, Inc., a Louisiana
corporation, and that the said instrument was signed on behalf of said
corporation by authority of its Board of Directors and appearer herein
acknowledged said instrument to be the free act and deed of said corporation.

          GIVEN
under my hand and seal of office the day and year last above written.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NOTARY PUBLIC in and for the aforesaid

	
 

	
 

	
 

	
County and State

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
State Notarial No.

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
My Commission expires

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
STATE
  OF TEXAS

	
§

	
COUNTY
  OF HARRIS

	
§

On this ___ day of _____ 2008, before me appeared
___________ to me personally known, who, being by me duly sworn, did say that
he is the ________ of Ridgewood Energy Corporation, a _____________
corporation, and that the said instrument was signed on behalf of said
corporation by authority of its Board of Directors and appearer herein acknowledged
said instrument to be the free act and deed of said corporation.

          GIVEN
under my hand and seal of office the day and year last above written.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NOTARY PUBLIC in and for the aforesaid

	
 

	
 

	
 

	
County and State

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
State Notarial No.

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
My Commission expires

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

20

Exhibit “E”

Attached
to and made a part of that certain Participation Agreement effective

March 1,
2008 by and between LLOG Exploration Offshore, Inc. and

Ridgewood
Energy Corporation.

EXISTING
BURDENS ON THE CONTRACT AREA

OCS-G 21785, Green Canyon Block
141

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
WI

	
 

	
 

	
NRI

	
 

	
 

	
 

	

	
 

	
 

	

	
LLOG EXPLORATION

	
 

	
 

	
1.00000000

	
 

	
 

	
0.79125000

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MMS ROYALTY

	
 

	
 

	
 

	
 

	
 

	
0.12500000

	
WESTPORT GENERATORS

	
 

	
 

	
 

	
 

	
 

	
0.00200000

	
KERR-MCGEE ORRI

	
 

	
 

	
 

	
 

	
 

	
0.00112500

	
WESTPORT DATA VENDOR

	
 

	
 

	
 

	
 

	
 

	
 

	
BLUE STREAK EXPLORATION

	
 

	
 

	
 

	
 

	
 

	
0.02000000

	
 

	
 

	
 

	

	

	

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
1.00000000

	
 

	
 

	
1.00000000

21

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