Document:

exv4w11

 

Exhibit 4.11

FIRST AMENDMENT TO

REGISTRATION RIGHTS AGREEMENT

     This First Amendment to the Registration Rights Agreement (the “Registration Rights
Agreement”) is executed effective as of February 15, 2008 (the “Effective Date”), by and among
Toreador Resources Corporation, a Delaware corporation (the “Company”), Capital Ventures
International (“Capital Ventures”) and Goldman, Sachs & Co. (“Goldman”).

WITNESSETH:

     A. Due to a change in Rule 144 promulgated pursuant to the 1933 Act, the Company, Capital
Ventures and Goldman have agreed to enter into this amendment to the Registration Rights Agreement
(the “Amendment”) to modify certain requirements of the Company under the Registration Rights
Agreement.

     B. Section 11 of the Registration Rights Agreement permits the Registration Rights Agreement
to be amended by the written consent of the Company and holders of two thirds of the Registrable
Securities and provides that an amendment approved in accordance with Section 11 of the
Registration Rights Agreement is binding on each of Capital Ventures, Goldman, SF Capital Partners
Ltd., Old Lane, LP on behalf of Old Lane Cayman Master Fund, LP, Old Lane, LP on behalf of Old Lane
HMA Master Fund, LP and Old Lane, LP on behalf of Old Lane US Master Fund, LP (collectively, the
“Buyers”).

     C. Unless otherwise defined herein, all terms used herein with their initial letter
capitalized shall have the meaning given such terms in the Registration Rights Agreement.

     NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein
contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged and confessed, the Company, Capital Ventures and Goldman hereby agree as
follows:

     1. Amendments. Subject to the terms and conditions contained herein, the Registration
Rights Agreement is hereby amended effective as of the Effective Date, in the manner provided in
this Section 1.

          1.1 Amendment to Section 2(d). Section 2(d) of the Registration Rights Agreement is
deleted in its entirety.

          1.2 Amendment to Section 3(a). Section 3(a) of the Registration Rights Agreement is
amended to read in full as follows:

     The Company shall submit to the SEC, within five Business Days after the
Company learns that no review of a particular Registration Statement will be made
by the staff of the SEC or that the staff of the SEC has no further comments
on a particular Registration Statement, as the case may be, a request for
acceleration of effectiveness of such Registration Statement to a time and date not
later than 48 hours after the submission of such request. The Company shall keep
such Registration Statement effective pursuant to Rule 415 at all times until the
earlier of (i) the date as of which the

 

 

Investors may sell all of the Registrable
Securities covered by such Registration Statement pursuant to Rule 144(b)(1)(i) (or
any successor thereto) promulgated under the 1933 Act or (ii) the date on which
Investors shall have sold all the Registrable Securities covered by such
Registration Statement (the “Registration Period”). The Company shall ensure that
each Registration Statement (including any amendments or supplements thereto and
prospectuses contained therein) shall not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein, or
necessary to make the statements therein (in the case of prospectuses, in the light
of the circumstances in which they were made) not misleading.

          1.3 Effectiveness of Amendment. This Amendment shall be effective automatically and
without the necessity of any further action by the Company or any Buyers when counterparts hereof
have been executed by the Company, Capital Ventures and Goldman (which may include telecopy or
other electronic transmission of a signed signature page of this Amendment).

     2. Miscellaneous.

          2.1 Counterparts. This Amendment may be executed in counterparts, and all signatories
need not execute the same counterpart. Facsimiles or other electronic communications (e.g., pdf)
shall be effective as originals.

          2.2 Complete Agreement. THIS AMENDMENT AND THE REGISTRATION RIGHTS AGREEMENT
REPRESENT THE FINAL AGREEMENT WITH RESPECT TO THE SUBJECT MATTER HEREOF AND THEREOF AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS WITH RESPECT TO THE SUBJECT MATTER OF THIS AMENDMNET AND THE REGISTRATION RIGHTS
AGREEMENT.

          2.3 Headings. The headings, captions and arrangements used in this Amendment are,
unless specified otherwise, for convenience only and shall not be deemed to limit, amplify or
modify the terms of this Amendment, nor affect the meaning thereof.

          2.4 Reference to Agreement. The Registration Rights Agreement and any and all other
agreements, documents, or instruments now or hereafter executed and delivered pursuant to the terms
hereof, are hereby amended so that any reference in such documents to the Registration Rights
Agreement shall mean a reference to the Registration Rights Agreement as amended hereby.

          2.5 Severability. Any provision of this Amendment held by a court of competent
jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this
Amendment and the effect thereof shall be confined to the provision so held to be invalid or
unenforceable.

          2.6 Applicable Law. This Amendment shall be governed by and construed in accordance
with the internal laws of the State of New York in accordance with Section 12(d) of the
Registration Rights Agreement.

2

 

     IN WITNESS WHEREOF, the signatories hereto have caused this Amendment to be duly executed by
their respective authorized officers on the date and year first above written.

	 	 	 	 	 
	 	TOREADOR RESOURCES CORPORATION

 	 
	 	By:  	/s/ Nigel Lovett
 	 
	 	 	Nigel Lovett, President and Chief Executive 	 
	 	 	Officer 	 
	 
	 	CAPITAL VENTURES INTERNATIONAL

(Owner of 1,023,666 Registrable Securities)

 	 
	 	By:  	Heights Capital Management, Inc., its Authorized agent 	 
	 	 	 	 
	 	By:  	                                                 /s/ Martin Kobinger
 	 
	 	 	Martin Kobinger, Investment Manager 	 
	 	 	 	 
	 	GOLDMAN, SACHS & CO.

(Owner of 1,066,666 Registrable Securities)

 	 
	 	By:  	/s/ Albert Dombrowski
 	 
	 	 	Albert Dombrowski, Authorized Signatory 	 
	 	 	 	 

3<PAGE>

                                                                    EXHIBIT 10.4

                              AMENDMENT NUMBER ONE
                                     TO THE
                         TOREADOR RESOURCES CORPORATION
                   AMENDED AND RESTATED 1990 STOCK OPTION PLAN

         THIS AMENDMENT NUMBER ONE TO THE TOREADOR RESOURCES CORPORATION AMENDED
AND RESTATED 1990 STOCK OPTION PLAN (this "Amendment"), dated as of May 30, 2002
is made and entered into by Toreador Resources Corporation, a Delaware
corporation (the "Company"). Terms used in this Amendment with initial capital
letters that are not otherwise defined herein shall have the meanings ascribed
to such terms in the Toreador Resources Corporation Amended and Restated 1990
Stock Option Plan (the "Plan").

                                    RECITALS

WHEREAS, Article VIII of the Plan provides that the Board of Directors of the
Company (the "Board") may amend the Plan at any time; and

WHEREAS, the Board desires to amend the Plan to more accurately reflect its
original intent to grant officers, key employees and key consultants of the
Corporation or its affiliates stock options under either the 1990, 1994, or 2002
Stock Option Plan; and

WHEREAS, the Board submitted the proposal to amend the Plan to the Company's
stockholders at the 2002 Annual Meeting of Stockholders; and

NOW, THEREFORE, in accordance with Article VIII of the Plan, the Company hereby
amends the Plan as follows:

1. Article III of the Plan is hereby amended effective May 30, 2002 by deleting
said Article in its entirety and substituting in lieu thereof the following:

         Subject to the provisions of Articles XI and XII of the Plan, the
         maximum number of shares of Common Stock issuable pursuant to the
         exercise of Stock Options granted under the Plan shall be 1,000,000
         shares of Common Stock. The Committee and the appropriate officers of
         the Corporation shall from time to time take whatever actions are
         necessary to execute, acknowledge, file and deliver any documents
         required to be filed with or delivered to any governmental authority or
         any stock exchange or transaction reporting system on which shares of
         Common Stock are listed or quoted in order to makes shares of Common
         Stock available for issuance pursuant to this Plan. Shares of Common
         Stock subject to Stock Options that (i) are forfeited or terminated,
         (ii) expire unexercised, (iii) are settled in cash in lieu of Common
         Stock, or (iv) are exchanged for Common Stock owned by the Participant
         upon exercise of a Stock Option, shall immediately become available for
         the subsequent granting of Stock Options; provided, however, that in no
         event shall the number of shares of Common Stock subject to Incentive
         Stock Options exceed, in the aggregate 1,000,000 shares of Common Stock
         plus shares subject to Incentive Stock Options which are forfeited or
         terminated, or expire unexercised. Shares to be

                                       1
<PAGE>

         distributed and sold may be made available from either authorized but
         unissued Common Stock or Common Stock or Common Stock held by the
         Corporation in its treasury.

2. Except as expressly amended by this Amendment, the Plan shall continue in
full force and effect in accordance with the provisions thereof.

                           [Signature Page to Follow]

                                       2
<PAGE>

IN WITNESS WHEREOF, the Company has caused this Amendment to be duly executed as
of the date first written above, by its Chief Executive Officer and Secretary
pursuant to prior action taken by the Board and by the stockholders.

                                       TOREADOR RESOURCES CORPORATION

                                       By:   /s/ G. Thomas Graves III
                                             -----------------------------------
                                             G. Thomas Graves III
                                             President and CEO

Attest:

/s/ Gerry Cargile
-------------------------------
Gerry Cargile
Secretary

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