Document:

kos_Ex10_10

		

			 

		

		
			Exhibit 10.10
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			DEED OF ASSIGNMENT

		

		
			 
		

		
			 
		

		
			between
		

		
			 
		

		
			 
		

		
			ERHC ENERGY EEZ, LDA
		

		
			 
		

		
			 
		

		
			and
		

		
			 
		

		
			 
		

		
			KOSMOS ENERGY SAO TOME AND PRINCIPE
		

		
			 
		

		
			relating to the Production Sharing Contract 
		

		
			in respect of the Block 11, São Tomé e Principe
		

		
			 
		

		
			

		 

		

			 

		

		

			 

		

		

			 

		

		

			 

		

 

		

			 

		

THIS DEED OF ASSIGNMENT is made on the 16TH day of OCTOBER, 2015 between:
		

		
			 
		

			
	
			
				 (1)
			

			
	
			
			ERHC ENERGY EEZ, LDA, a company organized and existing under the laws of the Democratic Republic of São Tomé e Príncipe whose registered office is at Avenida da Independência, 392, II/III, São Tomé  (hereinafter referred to as “ERHC”); and

		
			 
		

			
	
			
				 (2)
			

			
	
			
			Kosmos ENERGY SAO TOME AND PRINCIPE, a company organized and existing under the laws of the Cayman Islands whose registered office is at 4th Floor Century Yard, Cricket Square, P.O. Box 32322, Georgetown, Grand Cayman KY1 1209 (hereinafter referred to as “KOSMOS”).

		
			 
		

		
			WHEREAS
		

		
			 
		

			
	
			
				 A.
			

			
	
			
			ERHC is the sole Contractor in a production sharing contract between ERHC and the Government of the Democratic Republic São Tomé and Principe covering Block 11 offshore São Tomé and Príncipe, dated July 23, 2014 and any amendment or supplement thereto. 

		
			 
		

			
	
			
				 B.
			

			
	
			
			ERHC has agreed to transfer and assign to KOSMOS one hundred per cent (100%) of its rights and obligations as the Contractor in the Block 11 PSC and the operatorship of Block 11.

		
			 
		

		
			IT IS AGREED AS FOLLOWS:
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			DEFINITIONS AND INTERPRETATION

		
			 
		

			
	
			
				 1.1
			

			
	
			
			Definitions 

		
			 
		

		
			

		 

		

			-2-

		

		

			 

		

 

		

			 

		

Unless the context otherwise requires, the words and expressions defined in the PSC shall bear the same meanings ascribed to them in the PSC wherever used in this Deed of Assignment (including recitals to this Deed of Assignment).
		

		
			 
		

			
	
			
				 1.1.1
			

			
	
			
			Business Day means means a calendar day on which the banks in London, Houston and  São Tomé are customarily open for business;

		
			 
		

			
	
			
				 1.1.2
			

			
	
			
			National Petroleum Agency means the national regulatory agency established by the Government of the Democratic Republic São Tomé and Principe Decree-Law 7/2014 of the 25th of April;

		
			 
		

			
	
			
				 1.1.3
			

			
	
			
			PSC means the Production Sharing Contract between ERHC and the Government of the Democratic Republic São Tomé and Principe covering Block 11 offshore São Tomé and Príncipe, dated July 23, 2014 and any amendment or supplement thereto;  

		
			 
		

			
	
			
				 1.1.4
			

			
	
			
			Parties means the parties to this Deed of Assignment.

		
			 
		

			
	
			
				 1.2
			

			
	
			
			Interpretation

		
			 
		

			
	
			
				 1.2.1
			

			
	
			
			In addition to the definitions in clause 1.1, unless the context requires otherwise:

			
	
			
				 1.2.1.1
			

			
	
			
			the singular includes the plural and vice versa;

			
	
			
				 1.2.1.2
			

			
	
			
			a person includes reference to a body corporate or other legal entity;

			
	
			
				 1.2.1.3
			

			
	
			
			any written law includes that law as amended or re-enacted from time to time;

			
	
			
				 1.2.1.4
			

			
	
			
			any agreement or other document includes that agreement or other document as varied or replaced from time to time;

			
	
			
				 1.2.1.5
			

			
	
			
			a clause is to the relevant clause of this agreement;

		 

		

			-3-

		

		

			 

		

 

		

			 

		

			
	
			
				 1.2.1.6
			

			
	
			
			any party includes that party’s successors and assigns.

		
			 
		

			
	
			
				 1.3
			

			
	
			
			Clause headings are inserted for convenience only and shall be ignored in construing this Deed of Assignment.

		
			 
		

		
			NOW THIS DEED WITNESSETH THAT
		

		
			 
		

			
	
			
				 2.
			

			
	
			
			With effect from the date first written above, ERHC hereby assigns and by novation transfers to KOSMOS one hundred per cent (100%) of its rights, interests, liabilities and/or obligations under the PSC (the “Transferred Interest”) to hold the same and subject to performance and observance by KOSMOS of the terms and conditions contained in the PSC and on the part of the Contractor therein described to be performed and observed, in so far as they relate to the Transferred Interest.

		
			 
		

			
	
			
				 3.
			

			
	
			
			KOSMOS hereby undertakes and covenants with ERHC that it will hold the Transferred Interest subject to all of the terms and conditions of the PSC and, will perform, observe, discharge and be bound by all of the duties, liabilities and obligations arising under the PSC in respect of the Transferred Interest in the place of ERHC.

		
			 
		

			
	
			
				 4.
			

			
	
			
			ERHC shall cease, for all purposes, to be a holder of the Transferred Interest and KOSMOS shall, for all purposes, take the place of ERHC in respect of the Transferred Interest.

		
			 
		

			
	
			
				 5.
			

			
	
			
			ERHC confirms that the rights and privileges of the Democratic Republic of São Tomé and Principe under the PSC shall not be prejudiced by the provisions of this Deed of Assignment.

		
			 
		

			
	
			
				 6.
			

			
	
			
			KOSMOS covenants with and in favour of the National Petroleum Agency that they will perform and observe the terms and conditions contained in the PSC and on the part of the Contractor therein described to be performed and observed.

		
			

		 

		

			-4-

		

		

			 

		

 

		

			 

		

 
		

			
	
			
				 7.
			

			
	
			
			For the purpose of this Deed of Assignment, all notices shall be sent to the following email addresses:

		
			 
		

			
	
			
				 7.1
			

			
	
			
			If to ERHC

		
			
		

		
			Tel:  +1 713 626 4700
		

		
			Email: slyodobulu@erhc.com
		

		
			Attention : Sylvan Odobulu
		

		
			 
		

			
	
			
				 7.2
			

			
	
			
			If to KOSMOS

		
			 
		

		
			Tel: + 1-214-445-9792
		

		
			E-mail: jdoughty@kosmosenergy.com
		

		
			Attention: Jason Doughty, General Counsel 
		

		
			 
		

			
	
			
				 8.
			

			
	
			
			If any clause or provision of this Deed of Assignment shall be ruled invalid or unenforceable by any court of competent jurisdiction or appropriate arbitral body, the invalidity or unenforceability of such clause or provision shall not affect any remaining clause or provision.

		
			 
		

			
	
			
				 9.
			

			
	
			
			This Deed of Assignment may be executed in any number of counterparts with the same effect as if the signatures on the counterparts were upon a single engrossment of this Deed of Assignment provided that this Deed of Assignment shall not be effective until all the counterparts have been executed.

		
			 
		

			
	
			
				 10.
			

			
	
			
			The construction, validity and performance of this Deed of Assignment shall be governed by the Laws of Democratic Republic of São Tomé and Principe and any disputes hereunder shall be resolved pursuant to Article 25 of the PSC. 

		
			 
		

		
			IN WITNESS WHEREOF the parties hereunto affixed their respective common seals the day and year first above written.
		

		

		 

		

			-5-

		

		

			 

		

 

		

			 

		

	
					
						 

					
					
						 

				
	
					
						The Common Seal of ERHC ENERGY

					
					
						)

				
	
					
						EEZ, LDA was hereunto

					
					
						)

				

		
			 
		

			
					
						affixed in the presence of:

					
					
						)

				
	
					
						 

					
					
						)

				
	
					
						 

					
					
						)

				
	
					
						Director /s/ Peter Ntephe

					
					
						)

				
	
					
						 

					
					
						)

				
	
					
						 

					
					
						)

				
	
					
						 

					
					
						)

				
	
					
						Director/Secretary /s/ Sylvan Odobulu

					
					
						)

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						The Common Seal of KOSMOS ENERGY

					
					
						)

				
	
					
						SAO TOME AND PRINCIPE was hereunto

					
					
						)

				
	
					
						affixed in the presence of:

					
					
						)

				
	
					
						 

					
					
						)

				
	
					
						 

					
					
						)

				
	
					
						President  /s/ Brian F. Maxted

					
					
						)

				
	
					
						 

					
					
						)

				
	
					
						 

					
					
						)

				
	
					
						 

					
					
						)

				
	
					
						Secretary  /s/ Richard Stephens

					
					
						)

				

		
			 
		

		
			 
		

		
			

		 

		

			-6-

		

		

			 

		

 

		

			 

		

CONSENT 
		

		
			 
		

		
			By executing this Deed of Assignment, the National Petroleum Agency herein represented by its Executive Director does on behalf of the Government of the Democratic Republic São Tomé and Principe consent and approve to the assignment of the Transferred Interest by ERHC ENERGY EEZ, LDA to KOSMOS ENERGY SAO TOME AND PRINCIPE in accordance with the provisions of the PSC.
		

		
			 
		

		
			 
		

		
			APPROVED BY THE EXECUTIVE DIRECTOR OF THE NATIONAL PETROLEUM AGENCY:
		

		
			 
		

		
			 
		

		
			 
		

		
			 /s/ Orlando Pontes                
		

		
			The Executive Director
		

		
			 
		

		
			 
		

		
			 
		

		
			  October 20, 2015                  
		

		
			Date
		

		 

		

			-7-kos_Ex10_11

		
			Exhibit 10.11
		

		
			 
		

		
			FIRST ADDENDUM TO THE PRODUCTION SHARING CONTRACT BY AND BETWEEN
		

		
			THE DEMOCRATIC REPUBLIC OF SAO TOME AND PRINCIPE REPRESENTED BY THE
		

		
			AGENCIA NACIONAL DO PETROLEO OF SAO TOME AND PRINCIPE AND
		

		
			KOSMOS ENERGY SAO TOME AND PRINCIPE FOR
		

		
			BLOCK 11
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Addendum Executed 17 day of December 2015
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

THIS ADDENDUM TO THE PRODUCTION SHARING CONTRACT is entered into on 17 December 2015 among:
		

		
			 
		

		
			(1)     THE DEMOCRATIC REPUBLIC OF SAO TOME AND PRINCIPE (the "State") represented by the Agencia Nacional do Petr6leo de Sao Tome e Principe, ("ANP-STP");
		

		
			 
		

		
			(2)    KOSMOS  ENERGY  SAO  TOME  AND  PRINCIPE,  a   company  organized and established under the laws of the Cayman Islands, whose registered office is  located at 4th Floor, Century Yard, Cricket Square, Hutchins Drive, Elgin Avenue,  George Town, Grand  Cayman  KY l-1209, Cayman  Islands,  hereinafter named ("Kosmos");
		

		
			 
		

		
			WHEREAS
		

		
			 
		

			
	
			
				 A.
			

			
	
			
			ANP and  ERHC  ENERGY  EEZ,  LDA  ("EHRC")  are  parties  to  the Production Sharing Contract signed with the State on 23 July, 2014 (the "Contract"), in pursuance of which EHRC have obtained the exclusive right to undertake petroleum operations in Block 11 within the Exclusive Economic Zone of Sao Tome and Principe;

			
	
			
				 B.
			

			
	
			
			Under article 19 of the Contract EHRC  and Kosmos  executed  on  16 October 2015 the Deed of Assignment by way of which EHRC assigned  one hundred  percent (100%) of its eighty-five percent (85%) participating interest in the Contract to Kosmos, which consequently made the percentage interests held by the parties in the Contract to be the following as of that date:

		
			ANP-STP - fifteen per cent (15%); KOSMOS - eighty-five per cent (85%);
		

		
			IT IS AGREED:
		

		
			 
		

		
			The State, ANP-STP and Kosmos (hereinafter collectively identified as the "Parties") hereby execute this addendum to the Contract (the "Addendum"), subject to  the following terms and conditions:
		

		
			 
		

		
			1. Capitalized terms in this Addendum not specifically defined herein shall have the same meaning as defined in the Contract.
		

		
			 
		

		 

 

			
	
			
				 1.
			Clause 7.2 of the Contract is amended by deleting the Phase I Minimum Work Obligation and replacing said Phase I Minimum Work Obligation with the following:

		
			 
		

		
			Phase I:  The Contractor shall:
		

		
			 
		

			
	
			
				 ·
			

			
	
			
			 carry out environmental studies;

		
			 
		

			
	
			
				 ·
			

			
	
			
			 acquire of magnetic and gravity surveys covering 2.000 km2;

		
			 
		

			
	
			
				 ·
			

			
	
			
			 acquire, process and interpret a minimum of 2.000 km2 3D seismic;

		
			 
		

			
	
			
				 ·
			

			
	
			
			 hand over full documentation of the interpretation and an extensive evaluation report covering all relevant stratigraphic levels in the full  block,  based  on all newly acquired 3D data - to ANP-STP no later than 3 months before the expiry of phase I.

		
			 
		

			
	
			
				 2.
			

			
	
			
			Clause 28 of the Contract is amended as follows:

		
			 
		

		
			"28.1 KOSMOS ENERGY SAO TOME AND PRINCIPE is hereby designated as the Operator under this Contract"
		

		
			 
		

			
	
			
				 3.
			

			
	
			
			Clause 30 of the Contract is amended as follows:

		
			 
		

		
			"30.1      Any notice or other communication required to be given by a Party to
		

		
			another shall be in writing ( in Portuguese and in English) and shall be considered as duly delivered if given by hand delivery in person, by courier or by facsimile at the following  addresses:
		

		
			Agencia Nacional do Petroleo (ANP-STP)
		

		
			Avenida das Nacoes Unidas, 225 C.P.1048
		

		
			Sao Tome, Sao Tome and Principe Attention: Executive Director
		

		
			Fax: +239-2226937  Tel: +239-2226940
		

		
			E-mail: anp  geral @cstome.net
		

		
			 
		

		
			KOSMOS ENERGY SAO TOME AND PRINCIPE
		

		
			 
		

		
			4th Floor, Century Yard, Cricket Square,
		

		
			 
		

		
			

		 

 

Hutchins Drive, Elgin  Avenue,
		

		
			 
		

		
			George Town, Grand Cayman KY 1-1209, Cayman Islands
		

		
			Attention:  License Manager
		

		
			Fax:  +1 214 445 9705
		

		
			 
		

		
			Tel: +1 214 445  9600
		

		
			 
		

		
			(This address will be replaced by an address located in Sao Tome e Principe within 30 days)
		

		
			E-mail: SaoTomeLicenseManager@ KosmosEnergy.com Cc:E-mail: KosmosGeneralCounsel@ KosmosEnergy.com "
		

		
			 
		

		
			 
		

		
			 
		

			
	
			
				 4.
			All the remaining provisions of the Contract, which are not expressly modified by this Addendum, shall remain in full force and effect in their precise original terms.

		
			 
		

		
			 
		

		
			 
		

		
			IN WITNESS WHEREOF the Parties have caused this Addendum to be executed in three (3) originals as of the date above  written.
		

		
			 
		

		
			SIGNED AND DELIVERED for and on behalf of THE STATE represented by the Agencia  Nacional  do Petr6leo of Sao Tome and Principe
		

		
			 
		

		
			 
		

		
			Signature:    /s/ Orlando Pontes                                                
		

		
			 
		

		
			Name:   ORLANDO MENEZES SOUSA PONTES                
		

		
			 
		

		
			Designation:     EXECUTIVE DIRECTOR                                           
		

		
			 
		

		
			 
		

		
			In the presence of:
		

		
			Signature:    /s/ Alavaro da Costa Varela da Silva                          
		

		
			Name:   ALVARO DA COSTA VARELA DA SILVA                  
		

		
			Designation:     LEGAL AND ECONOMIC DIRECTOR              
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

SIGNED AND DELIVERED  for  and  on  behalf  of  Kosmos  Energy  Sao  Tome  and Principe
		

		
			 
		

		
			Signature:    /s/ Paul Dailly                                                     
		

		
			 
		

		
			Name:     PAUL DAILLY                                                      
		

		
			 
		

		
			Designation:     SVP                                                                             
		

		
			 
		

		
			In the presence of:
		

		
			 
		

		
			Signature:    /s/ Carlos Silva                                                   
		

		
			 
		

		
			Name:     CARLOS COSTA E SILVA                                  
		

		
			 
		

		
			Designation:     LAWYER

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