Document:

exhibit10-1.htm

Exhibit 10.1

HYPERDYNAMICS CORPORATION

STOCK OPTION AGREEMENT

O-133

THIS OPTION AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOFMAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR
UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT.

Date of Grant:     August 27, 2009

THIS GRANT, dated as of the date of grant first stated above (the "Date of Grant"), is delivered by Hyperdynamics Corporation (the "Company") to Robert A. Solberg (the "Grantee"), who is an employee, consultant, officer or director of the Company or one of its subsidiaries (the Company is sometimes referred to herein as the "Employer").

WHEREAS, the Board of Directors of the Company (the "Board") granted to Grantee the right to purchase shares of the Common Stock of the Company, par value $0.001 per share (the "Stock"), in accordance with the terms and provisions hereof.

NOW, THEREFORE, the parties hereto, intending to be legally bound hereby, agree as follows:

	
1.
	
Grant of Option.

Subject to the terms and conditions hereinafter set forth, the Company, with the approval and at the direction of the Board, hereby grants to the Grantee, as of the Date of Grant, an option to purchase up to 250,000 shares of Stock at a price of $1.15 per share which shall be the Fair Market Value on the Date of Grant (subject to paragraph
7).  Such option is hereinafter referred to as the "Option" and the shares of stock purchasable upon exercise of the Option are hereinafter sometimes referred to as the "Option Shares."

	
2.
	
Option Type

It is the intent of the Board that the Option is to be a Non-Statutory Option.

	
3.
	
Vesting.

All options vest immediately

 

 

  

  

  

4.           Acceleration of Expiration Date Of This Option

In the event of a corporate action in the nature of a merger in which the corporation is not the surviving entity, the sale of substantially all of the assets of the corporation or an exchange or purchase from shareholders of their stock of the corporation, that requires the vote or consent of shareholders, then the expiration date of these
options shall accelerate to be the date of such a corporate action.

	
5
	
Termination of Option.

	
  
	
(a)
	
The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of five years from the Date of Grant (the "Option Term").

	
  
	
(b)
	
In the event of the death of the Grantee, the Option may be exercised by the Grantee's legal representative(s), but only to the extent that the Option would otherwise have been exercisable by the Grantee.

	
6.
	
Exercise of Options.

	
  
	
(a)
	
The Grantee may exercise the Option with respect to all or any part of the number of Option Shares then exercisable hereunder by giving the Secretary of the Company   written notice of intent to exercise.  The notice of exercise shall specify the number of Option Shares as to which the Option is to be exercised and the date of exercise thereof, which date shall be at least five days after
the giving of such notice unless an earlier time shall have been mutually agreed upon.

	
  
	
(b)
	
Full payment (in U.S. dollars) by the Grantee of the option price for the Option Shares purchased shall be made on or before the exercise date specified in the notice of exercise by wire transfer, check, or money order, or, with the prior written consent of the Board, in whole or in part through the surrender of previously acquired shares of Stock at their fair market value on the exercise date, or cashless exercise
using the intrinsic value of the option itself.

On the exercise date specified in the Grantee's notice or as soon thereafter as is practicable, but not to exceed ten (10) business days, the Company shall cause to be delivered to the Grantee, a certificate or certificates for the Option Shares then being purchased (out of theretofore unissued Stock or reacquired Stock, as the Company
may elect) upon full payment for such Option Shares.

	
  
	
(c)
	
If the Grantee fails to pay for any of the Option Shares specified in such notice, the Grantee's right to purchase such Option Shares may be terminated by the Company.  The date specified in the Grantee's notice as the date of exercise shall be deemed the date of exercise of the Option, provided that payment in full for the Option Shares to be purchased upon such exercise shall have been received by such
date.

 

 

  

  

  

	
7.
	
Adjustment of and Changes in Stock of the Company.

In the event of a reorganization, recapitalization, change of shares, stock split, spin-off, stock dividend, reclassification, subdivision or combination of shares, merger, consolidation, rights offering, or any other change in the corporate structure or shares of capital stock of the Company, the Board shall make such adjustment  in
the number and kind of shares of Stock subject to the Option or in the option price; provided, however, that no such adjustment shall give the Grantee any additional benefits under the Option.

	
8.
	
Fair Market Value.

As used herein, "Fair Market Value" means (i) if the Common Stock is not listed or admitted to trade on a national securities exchange and if bid and ask prices for the Common Stock are not furnished through NASDAQ or a similar organization, the value established by the Committee, in its sole discretion, for purposes of the Plan; (ii) if
the Common Stock is listed or admitted to trade on a national securities exchange or a national market system, the closing price of the Common Stock, as published in the Wall Street Journal, so listed or admitted to trade on such date or, if there is no trading of the Common Stock on such date, then the closing price of the Common Stock on the next preceding day on which there was trading in such shares; or (iii) if the Common Stock is not listed or admitted to trade on a national securities exchange or a national
market system, the mean between the bid and ask price for the Common Stock on such date, as furnished by the National Association of Securities Dealers, Inc. through NASDAQ or a similar organization if NASDAQ is no longer reporting such information. If trading in the stock or a price quotation does not occur on the Date of Grant, the next preceding date on which the stock was traded or a price was quoted will determine the fair market value.

	
9.
	
No Rights of Stockholders.

Neither the Grantee nor any personal representative shall be, or shall have any of the rights and privileges of, a stockholder of the Company with respect to any shares of Stock purchasable or issuable upon the exercise of the Option, in whole or in part, prior to the date of exercise of the Option.

	
10.
	
Non-Transferability of Option.

During the Grantee's lifetime, the Option hereunder shall be exercisable only by the Grantee or any guardian or legal representative of the Grantee, and the Option shall not be transferable except, (i) in case of the death of the Grantee, by will or the laws of descent and distribution, and (ii) to a child, grandchild or stepchild of the
Grantee or to a trust or partnership created by the Grantee, who, in each case, will be subject to all of the provisions hereof, nor shall the Option be subject to attachment, execution or other similar process.  In the event of (a) any attempt by the Grantee to alienate, assign, pledge, hypothecate or otherwise dispose of the Option, except as provided for herein, or (b) the levy of any attachment, execution or similar process upon the rights or interest hereby conferred, the Company may terminate
the Option by notice to the Grantee and it shall thereupon become null and void and of no value to any such party.

	
11.
	
Notice.

Any notice to the Company provided for in this instrument shall be addressed to it in care of its Secretary at its executive offices at Hyperdynamics Corporation, and any notice to the Grantee shall be addressed to the Grantee at the current address shown on the records of the Company.  Any notice shall be deemed to be duly given
if and when properly addressed and posted by registered or certified mail, postage prepaid.

	
12.
	
Governing Law.

The validity, construction, interpretation and effect of this instrument shall exclusively be governed by and determined in accordance with the law of the State of Texas, except to the extent preempted by federal law, which shall to the extent govern.

13.           Stock and Stock Option Plan

This Option is subject to the terms and conditions of the Hyperdynamics Stock and Stock Option Plan, as amended, which is attached hereto.

IN WITNESS WHEREOF, the Company has caused its duly authorized officer to execute this Stock Option Agreement.

HYPERDYNAMICS CORPORATION

By: ___________________

Title:  President & CEO

GRANTEE

 

________________________

Robert A. SolbergExhibit
4.1

     

    SECOND
SUPPLEMENTAL INDENTURE

     

    SECOND
SUPPLEMENTAL INDENTURE dated as of August 31, 2009 (this “Supplemental Indenture”),
among Comcast Corporation, a Pennsylvania corporation (the “Company”), Comcast Cable
Holdings, LLC, a Delaware limited liability company, Comcast Cable
Communications, LLC (f/k/a Comcast Cable Communications, Inc.), a Delaware
limited liability company, Comcast MO Group, Inc., a Delaware corporation,
Comcast MO of Delaware, LLC (f/k/a Comcast MO of Delaware, Inc.), a Delaware
limited liability company (collectively the “Guarantors”), and The Bank of
New York Mellon (f/k/a The Bank of New York), as trustee (the “Trustee”).

     

    WHEREAS,
the Company is the issuer under the Indenture, dated as of January 7, 2003, as
supplemented by a First Supplemental Indenture, dated as of March 25, 2003
(collectively, the “Original
Indenture” and together with this Supplemental Indenture, the “Indenture”), pursuant to which
the Company issued, and the Trustee authenticated and delivered certain
securities which are, as of the date hereof, outstanding (the “Outstanding Securities”) and
pursuant to which the Company may issue securities in the future (the “New Securities,” and together
with the Outstanding Securities, the “Securities”);

     

    WHEREAS,
the Guarantors identified above along with Comcast Cable Communications
Holdings, Inc., a Delaware corporation (the “Non-Surviving Guarantor”),
irrevocably, fully and unconditionally guaranteed, jointly and severally, on an
unsecured basis, the full and punctual payment (whether at maturity, upon
redemption, or otherwise) of the principal and interest on, and all other
amounts payable under, each Security, and the full and punctual payment of all
other amounts payable by the Company under the Original Indenture;

     

    WHEREAS,
as of the date hereof, the Non-Surviving Guarantor has merged with and into
Comcast Cable, with Comcast Cable as the surviving entity;

     

    WHEREAS,
the Company and the Guarantors have requested that the Trustee execute and
deliver this Supplemental Indenture to reflect the merger of the Non-Surviving
Guarantor with and into Comcast Cable, and all requirements necessary to make
this Supplemental Indenture a valid instrument in accordance with its terms, and
the execution and delivery of this Supplemental Indenture have been duly
authorized in all respects;

     

    WHEREAS,
pursuant to Section 7.01(g) of the Indenture, the Company and the Trustee, may,
without consent of the Holders, when so authorized by the Board of Directors of
the Company, enter into a supplement to the Indenture to make any change that
does not adversely affect the rights of any Holder;

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    NOW,
THEREFORE, the Company, the Guarantors and the Trustee do hereby supplement and
amend the Original Indenture pursuant to Section 7.01 without notice to or
consent of any Holder as follows:

     

     

    ARTICLE
1

    Definitions

     

    Section
1.01 .  Definitions.  Capitalized
terms that are defined in the preamble or the recitals hereto shall have such
meanings throughout this Supplemental Indenture.  Capitalized terms
used but not defined in this Supplemental Indenture have the meanings assigned
thereto in the
Original Indenture.  The meanings assigned to all defined terms
used in this Supplemental Indenture shall be equally applicable to both the
singular and plural forms of such defined terms.

     

     

    ARTICLE
2

    Amendments

     

    Section
2.01.  Amendment.  The
Original Indenture is hereby amended as follows:

     

    “Cable Guarantor” means each of
Comcast Cable Holdings, LLC, Comcast Cable Communications, LLC, Comcast MO
Group, Inc. and Comcast MO of Delaware, LLC, in each case excluding such
entities’ Subsidiaries and unless and until such Cable Guarantor is released
from its Cable Guarantee pursuant to this Indenture.

     

     

    ARTICLE
3

    Miscellaneous

     

    Section
3.01 .  Date and Time of
Effectiveness.  This Supplemental Indenture shall become a
legally effective and binding instrument at and as of the date
hereof.

     

    Section
3.02 .  Supplemental Indenture
Incorporated Into Indenture.  The terms and conditions of this
Supplemental Indenture shall be deemed to be part of the Indenture for all
purposes relating to the Securities.  The Original Indenture is hereby
incorporated by reference herein and the Original Indenture, as supplemented by
this Supplemental Indenture, is in all respects adopted, ratified and
confirmed.

     

    Section
3.03 .  Outstanding Securities
Deemed Conformed.  As of the date hereof, the provisions of the
Outstanding Securities shall be deemed to be 

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    conformed,
without the necessity for any reissuance or exchange of such Outstanding
Security or any other action on the party of the holders of Outstanding
Securities, the Company or the Trustee, so as to reflect this Supplemental
Indenture.

     

    Section
3.04 .  Separability.  In
case any provision in this Supplemental Indenture, or in the Indenture, shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby,
it being intended that all of the provisions hereof shall be enforceable to the
full extent permitted by law.

     

    Section
3.05 .  Benefits of
Supplemental Indenture.  Nothing in this Supplemental
Indenture, expressed or implied, shall give or be construed to give to any
person, firm or corporation, other than the parties hereto and the holders of
Securities, any benefit or any legal or equitable right, remedy or claim under
this Supplemental Indenture or the Indenture.

     

    Section
3.06 .  Successors.  Subject
to Section 13.09 of the Original Indenture, all agreements of the Company, the
Guarantors and the Trustee in this Supplemental Indenture and in the Indenture
shall bind their respective successors.

     

    Section
3.07 . New York Law to
Govern.  This
Supplemental Indenture shall be deemed to be a contract under the laws of the
State of New York, and for all purposes shall be construed in accordance with
the laws of such State.

     

    Section
3.08 .  Counterparts.  This
Supplemental Indenture may be executed in any number of counterparts, each of
which shall be an original; but such counterparts shall together constitute but
one and the same instrument.

     

    Section
3.09 .  Effect Of
Headings.  The Article and Section headings herein are for
convenience only and shall not affect the construction hereof.

     

    Section
3.10 . Trustee.  The
Trustee makes no representations as to the validity or sufficiency of this
Supplemental Indenture. The recitals and statements herein are deemed to be
those of the Company and the Guarantors and not of the Trustee.

     

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    IN
WITNESS WHEREOF, each the parties have caused this Supplemental Indenture to be
duly executed, all as of the first date written above.

     

    
      	
              COMCAST
      CORPORATION

            
	 	 
	 	 
	
              By:

            	
              /s/
      William E. Dordelman

            
	 
    	
              Name:

            	
              William
      E. Dordelman

            
	 
    	
              Title:

            	
              Vice
      President and
Treasurer

            

    

    [CORPORATE
SEAL]

     

    Attest:

     

    
      	
              By:

            	
              /s/
      Arthur R. Block

            

    

    

     

    
      	
              COMCAST
      CABLE COMMUNICATIONS, LLC

            
	 
	 
	
              By:

            	
              /s/
      William E. Dordelman

            
	 
    	
              Name:

            	
              William
      E. Dordelman

            
	 
    	
              Title:

            	
              Vice
      President and
Treasurer

            

    

    [CORPORATE
SEAL]

     

    Attest:

     

    
      	
              By:

            	
              /s/
      Arthur R. Block

            

    

    

     

    
      	
              COMCAST
      MO GROUP, INC.

            
	 
	 
	
              By:

            	
              /s/
      William E. Dordelman

            
	 
    	
              Name:

            	
              William
      E. Dordelman

            
	 
    	
              Title:

            	
              Vice
      President and Treasurer

            

    

    [CORPORATE
SEAL]

     

    Attest:

     

    
      	
              By:

            	
              /s/
      Arthur R. Block

            

    

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              COMCAST
      CABLE HOLDINGS, LLC

            
	 
	 
	
              By:

            	
              /s/
      William E. Dordelman

            
	 
    	
              Name:

            	
              William
      E. Dordelman

            
	 
    	
              Title:

            	
              Vice
      President and
Treasurer

            

    

     

    [CORPORATE
SEAL]

     

    Attest:

     

    
      	
              By:

            	
              /s/
      Arthur R. Block

            

    

    

     

    
      	
              COMCAST
      MO OF DELAWARE, LLC

            
	 
	 
	
              By:

            	
              /s/
      William E. Dordelman

            
	 
    	
              Name:

            	
              William
      E. Dordelman

            
	 
    	
              Title:

            	
              Vice
      President and
Treasurer

            

    

    [CORPORATE
SEAL]

     

    Attest:

     

    
      	
              By:

            	
              /s/
      Arthur R. Block

            

    

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    
      	
              THE
      BANK OF NEW YORK MELLON, as Trustee

            
	 
	 
	
              By:

            	
              /s/
      Mary Miselis

            
	 
    	
              Name:

            	
              Mary
      Miselis

            
	 
    	
              Title:

            	
              Vice
      President

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