Document:

EX-10.2

 Exhibit 10.2 

Cooperation Agreement 

This Cooperation Agreement (this “Agreement”), effective as of August 14, 2018 (the “Effective
Date”), is entered into by and among Contango Oil & Gas Company, a Delaware corporation (“Contango”), John C. Goff (“Goff”), the persons and entities identified under that certain Schedule 13D (as
defined below) as Reporting Persons (as defined therein) (the “Goff Entities”) and Wilkie Colyer (“Colyer” and, together with Goff and the Goff Entities, including, without limitation, the affiliates and
subsidiaries of the Goff Entities, the “Goff Parties”). Contango and the Goff Parties are together the “Parties,” and each, a “Party.” 

WHEREAS, the Parties desire that the Contango Board of Directors (the “Board”) take action to expand the number of
members of the Board and to appoint Goff and Colyer (the “Goff Designees”) to the Board; and 
 WHEREAS, the Goff
Entities filed that certain Schedule 13D with the Securities and Exchange Commission on June 13, 2018 (the “Schedule 13D”); 

NOW, THEREFORE, in consideration of the mutual covenants, terms, and conditions set forth herein, the Parties agree as follows: 

1. Board Composition. Upon the Effective Date, or as soon as practicable thereafter, the Board shall adopt resolutions to expand the
number of members of the Board from six directors to eight directors and to appoint the Goff Designees to fill the two newly created board seats. 

2. Non-Disparagement. The Goff Parties acknowledge that the Board is creating two new seats on
the Board and filling the two newly created board seats with the Goff Designees in consideration of the Goff Parties’ agreement that, and the Goff Parties hereby agree that, none of the Parties, any of their Representatives or any person acting
on behalf of the Parties and/or any of their Representatives, will, for a period commencing on the date hereof and ending on the Termination Date (as defined in Section 7), make any public statement, or any statement
reasonably expected to become public, that in any way, directly or indirectly, disparages, calls into disrepute, or otherwise defames or slanders any other Party or Parties or such other Party or Parties’ subsidiaries, affiliates, successors,
assigns, officers (including any current officer of a Party or Parties’ subsidiaries who no longer serves in such capacity following the execution of this Agreement), directors (including any current director of a Party or Parties’
subsidiaries who no longer serves in such capacity following the execution of this Agreement), employees, stockholders, agents, attorneys or representatives, or any of their products or services, in any manner that would damage the business or
reputation of such other Party or Parties, their or its respective products or services or their or its respective subsidiaries, affiliates, successors, assigns, officers (or former officers), directors (or former directors), employees,
stockholders, agents, attorneys or representatives; provided, however, that nothing in this Section 2 will limit the Parties’ obligation to give truthful testimony or information to a court or
governmental entity when required to do so by subpoena, court order, law or administrative regulation. 

 3. Non-Disclosure Agreements. The Goff
Designees shall keep all Confidential Information (as defined in Section 4) secret and confidential in accordance with this Agreement and shall not, without the prior written consent of Contango, disclose Confidential
Information to anyone except (i) as required by law, rule, regulation or other legal process, and/or (ii) their affiliates and their partners, consultants, representatives, attorneys, accountants, lenders,
co-investors, employees, directors, officers, agents and advisors (“Representatives”) who are actually engaged in, and need to know, such Confidential Information to provide advice or
assistance to the Goff Designees solely with respect to their investment in Contango, each of whom must be advised by the Goff Parties in advance of receiving Confidential Information of the confidential nature of the Confidential Information and of
the terms of this Agreement. The Goff Designees shall be responsible for any breach of this Agreement by any of their Representatives. 
 4.
Confidential Information. Except as set forth in Section 5 below, “Confidential Information” means all information that is understood to be confidential by a reasonable person by the context of its
disclosure and/or its content, scope or nature that is disclosed, consistent with the terms of this Agreement, whether before or after the Effective Date by Contango, its affiliates, operating and
non-operating working interest partners, joint venture partners, suppliers, vendors, customers or lenders, or any of its or their respective employees, officers, directors, partners, shareholders, agents,
attorneys, accountants or advisors (collectively, the “Disclosing Parties”) to the Goff Parties, or to any of the Goff Parties’ employees, officers, directors, partners, shareholders, agents, attorneys, or accountants
(collectively, “Representatives”), whether disclosed orally, gathered by visual inspection or disclosed or accessed in written, electronic, or other form or media, including any notes, analyses, reports, models, compilations,
forecasts, studies, proposals, interpretations or other documents prepared by or on behalf of Goff Parties to the extent that they contain, refer to, relate to, are based upon or derived from or otherwise reflect such information in whole or in
part. 
 5. Exclusions from Confidential Information. Except as required by applicable federal, state, or local law or regulation,
Confidential Information shall not include information that: 
 (a) at the time of disclosure is, or as of and at such time
such disclosure thereafter becomes, generally available to the public other than as a result of any material breach of this Agreement by the Goff Parties or any of their Representatives; 

(b) at the time of disclosure is, or as of and at such time such disclosure thereafter becomes, available to the Goff Parties
or their Representatives on a non-confidential basis from a third-party source, provided that, to the Goff Parties’ or their Representative’s knowledge, such third-party is not and was not prohibited
from disclosing such Confidential Information to the Goff Parties or their Representative by any applicable law or contractual obligation; 

(c) was legally obtained by the Goff Parties or their Representatives prior to being disclosed by or on behalf of a Disclosing
Party pursuant to this Agreement; or 
 (d) was or is independently developed by the Goff Parties or any of their
Representatives without reliance on, or reference to, any Confidential Information. 

 6. Press Release. Upon the Effective Date, or as soon as practicable thereafter,
Contango shall issue a press release in form and content that is mutually agreeable to the Goff Parties regarding the appointment of Goff and Colyer to the board of directors of Contango and such other matters that Goff, Colyer and Contango may
mutually agree, such agreement not to be unreasonably withheld. 
 7. Term; Termination. The term of this Agreement shall commence on
the Effective Date and shall continue until terminated in accordance with this Agreement. Except where any other period is specifically provided herein, this Agreement shall terminate by giving five (5) business days’ advance notice to the
other Parties (the effective date of termination, the “Termination Date”), except that no Party shall be permitted to terminate this Agreement until the day after Contango’s 2019 annual meeting of stockholders (the
“2019 Annual Meeting”) or June 15, 2019, if the 2019 Annual Meeting is not held by such date; provided, however, that either Goff or Contango may earlier terminate this Agreement if and when Contango, in the case
of Goff’s termination, or any of the Goff Parties, in the case of Contango’s termination, commits a material breach of this Agreement that is not cured within 15 days after such breaching party’s receipt of written notice thereof from
the Party seeking termination, or if impossible to cure within 15 days, which the breaching party has not taken any substantive action to correct within 15 days of the breaching party’s receipt of written notice from the terminating party.
Termination of this Agreement shall not relieve either Party from its responsibilities in respect of any breach of this Agreement prior to such termination. 

8. No Other Discussions or Arrangements. The Goff Parties represent and warrant that, as of the date of this Agreement, except as
specifically disclosed on the Schedule 13D, or as disclosed to Contango in writing prior to the Effective Date, (a) the Goff Parties do not own, of record or beneficially, any voting securities of Contango or any securities convertible into, or
exchangeable or exercisable for, any voting securities of Contango and (b) the Goff Parties have not entered into, directly or indirectly, any agreements or understandings with any person (other than its own Representatives) with respect to any
potential transaction involving Contango or the voting or disposition of any securities of Contango. 
 9. Governing Law and Venue.
This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether of the State of Texas, the State of Delaware or any
other jurisdiction) that would cause the application of laws of any jurisdiction other than those of the State of Delaware. Each Party agrees that it shall bring any suit, action or other proceeding in respect of any claim arising out of or related
to this Agreement (“Actions”) exclusively in (a) the Delaware Court of Chancery in and for New Castle County, (b) in the event (but only in the event) that such court does not have subject matter jurisdiction over such
suit, action or other proceeding, the United States District Court for the District of Delaware or (c) in the event (but only in the event) such courts identified in clauses (a) and (b) do not have subject matter jurisdiction over such
suit, action or other proceeding, any other Delaware state court (the “Chosen Courts”), and solely in connection with Actions (i) irrevocably submits to the exclusive jurisdiction of the Chosen Courts, (ii) irrevocably
submits to the exclusive venue of any such Action in the Chosen Courts and waives any objection to laying venue in any such Action in the Chosen Courts, (iii) waives any objection that the Chosen Courts are an inconvenient forum or do not have
jurisdiction over any Party hereto and (iv) agrees that service of process upon such Party in any such Action shall be effective if notice is given in accordance with Section 10 of this Agreement. Each Party hereto
irrevocably waives any and all right to trial by jury in any Action. Each Party agrees that a final judgment in any Action brought in the Chosen Courts shall be conclusive and binding upon each of the Parties and may be enforced in any other courts
the jurisdiction of which each of the Parties is or may be subject, by suit upon such judgment. 

 10. Notices. All notices, requests, consents, claims, demands, waivers, and other
communications hereunder shall be in writing and shall be deemed to have been given: (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier
(receipt requested); (c) on the date sent by facsimile or email (with confirmation of transmission) if sent during normal business hours of the Goff Parties, and on the next business day if sent after normal business hours of the Goff Parties; or
(d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to the respective parties at the addresses set forth in this
Section 10 (or to such other address that may be designated by a Party from time to time in accordance with this Section 10). 

If to Contango, to its address at: 

Contango Oil & Gas Company 

717 Texas Avenue, Suite 2900 

Houston, Texas 77002 
 Attention:
Corporate Secretary 
 If to a Goff Party, to the address at: 

500 Commerce Street, Suite 700 

Fort Worth, Texas 76102 

Attention: John C. Goff 
 11.
Entire Agreement. This Agreement constitutes the sole and entire agreement of the Parties with respect to the subject matter contained herein, and supersedes all prior and contemporaneous understandings, agreements, representations, and
warranties, both written and oral, with respect to such subject matter. This Agreement may only be amended, modified, or supplemented by an agreement in writing signed by each Party hereto. 

12. Severability. If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity,
illegality, or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. 

13. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together
shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, email, or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this
Agreement. 

 14. Assignment. Neither Party may assign any of its rights or delegate any of its
obligations hereunder without the prior written consent of the other Party, provided that either Party may assign any of its rights and delegate any of its obligations hereunder to any person or entity that acquires substantially all of that
Party’s assets, whether by stock sale, merger, asset sale or otherwise. Any purported assignment or delegation in violation of this Section 14 shall be null and void. No assignment or delegation shall relieve the
assigning or delegating Party of any of its obligations hereunder. This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall
confer upon any other person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 

15. Waivers. No waiver by any Party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed
by the Party so waiving. No waiver by any Party shall operate or be construed as a waiver in respect of any failure, breach, or default not expressly identified by such written waiver, whether of a similar or different character, and whether
occurring before or after that waiver. No failure to exercise, or delay in exercising, any right, remedy, power, or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of
any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege. 

[Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the Parties have executed this Agreement to be effective as of
the Effective Date. 
  

			
	CONTANGO:
	
	CONTANGO OIL & GAS COMPANY
		
	By:	 	 /s/ Joseph J. Romano

	Name:	 	Joseph J. Romano
	Title:	 	Chairman

 
			
	GOFF PARTIES:
	
	JOHN C. GOFF
		
	By:	 	 /s/ John C. Goff

	
	WILKIE COLYER
		
	By:	 	 /s/ Wilkie Colyer

	
	GOFF MCF PARTNERS, LP
	
	By: Goff Capital, Inc., its General Partner
		
	By:	 	 /s/ John C. Goff

	Name:	 	John C. Goff
	Title:	 	President
	
	GOFF REN HOLDINGS, LLC
	
	By: GFS REN GP, LLC, its Manager
		
	By:	 	 /s/ John C. Goff

	Name:	 	John C. Goff
	Title:	 	Chief Executive Officer
	
	GOFF REN HOLDINGS II, LLC
	
	By: GFS REN GP, LLC, its Manager
		
	By:	 	 /s/ John C. Goff

	Name:	 	John C. Goff
	Title:	 	Chief Executive Officer
	
	GOFF FAMILY INVESTMENTS, LP
	
	By: Goff Capital, Inc., its General Partner
		
	By:	 	 /s/ John C. Goff

	Name:	 	John C. Goff
	Title:	 	President
	
	GOFF CAPITAL, INC.
		
	By:	 	 /s/ John C. Goff

	Name:	 	John C. Goff
	Title:	 	President

			
	
	GFS REN GP, LLC
		
	By:	 	 /s/ John C. Goff

	Name:	 	John C. Goff
	Title:	 	Chief Executive Officer
	
	GFS MANAGEMENT, LLC
	
	By: Goff Focused Strategies LLC, its Manager
		
	By:	 	 /s/ John C. Goff

	Name:	 	John C. Goff
	Title:	 	Chief Executive Officer
	
	GOFF FOCUSED STRATEGIES LLC
		
	By:	 	 /s/ John C. Goff

	Name:	 	John C. Goff
	Title:	 	Chief Executive Officer
	
	GFT STRATEGIES, LLC
	
	By: The John C. Goff 2010 Family Trust
		
	By:	 	 /s/ John C. Goff

	Name:	 	John C. Goff
	Title:	 	Trustee
	
	THE JOHN C. GOFF 2010 FAMILY TRUST
		
	By:	 	 /s/ John C. Goff

	Name:	 	John C. Goff
	Title:	 	TrusteeExhibit 4.1

 

THIS
PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS AND
MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED, ASSIGNED OR OTHERWISE DISPOSED OF, AND NO TRANSFER OF THIS PROMISSORY NOTE WILL BE
MADE BY THE COMPANY OR ITS TRANSFER AGENT IN THE ABSENCE OF SUCH REGISTRATION OR AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY
THAT SUCH REGISTRATION IS NOT REQUIRED.

 

10%
SUBORDINATED PROMISSORY NOTE

 

	$_______	Durham,
North Carolina

August
 , 2018 (the “Issue Date”)

 

FOR
VALUE RECEIVED, Icagen, Inc., a Delaware corporation (the “Company”), with its principal place of business
at 4222 Emperor Boulevard, Suite 350, Research Triangle Park, Durham, North Carolina 27703, its successors and assigns (the “Company”),
promises to pay to the order of _______________________________ (“Payee”), having an address at ________________
___________________________, the principal sum of __________________ Dollars ($___________) on the earlier of (i) the date that
is twelve (12) months after the Issue Date or (ii) the Company’s receipt of the proceeds of funding from its next collaboration/
partnership (the “Maturity Date”), together with interest on the principal amount hereof at the rate of 10%
per annum, payable on the Maturity Date, commencing on the Issue Date. Payments on both principal and interest are to be made
in lawful money of the United States of America unless Payee agrees to another form of payment.

 

1. 
This Note is one of a series of a maximum of One Million Five Hundred Thousand Dollars ($1,500,000) of notes being issued by and
among the Company and certain note investors (the “Investors”) as part of a bridge financing. This Note and
all obligations hereunder, and the other Notes issued as part of this series to the Investors and all obligations thereunder,
respectively, shall rank pari passu with each other and shall be subordinated in right of payment in all respects
to that certain Senior Secured Convertible Note, dated May 10, 2017, in the principal amount of $2,000,000 issued by the Company
to GPB Debt Holdings II, LLC (“GPB”) and the guarantee by the Company of the debt underlying the Senior Secured Convertible
Note dated May 10, 2017, in the principal amount of $8,000,000 issued by Icagen-T, Inc. to GPB.

 

2. 
As used herein, a “Default” means a material default by the Company of this Note, the Note Purchase Agreement
dated the date hereof between the Company and Payee, or the Pledge Agreement issued by the Company to Payee on the date hereof.
Amounts not paid when due hereunder shall bear interest from the due date until such amounts are paid at the rate of one percent
(1%) per month; provided, however, that in the event such interest rate would violate any applicable usury law,
the default rate shall be the highest lawful interest rate permitted under such usury law. Upon the occurrence of a Default and
receipt of written notice by the Company from Payee of such Default, the principal and interest due hereunder shall be immediately
due and payable by the Company to Payee.

 

3. 
Presentment, demand, protest or notice of any kind are hereby waived by the Company. The Company may not set off against any amounts
due to Payee hereunder any claims against Payee or other amounts owed by Payee to the Company.

 

4. 
All rights and remedies of Payee under this Note are cumulative and in addition to all other rights and remedies available at
law or in equity, and all such rights and remedies may be exercised singly, successively and/or concurrently. Failure to exercise
any right or remedy shall not be deemed a waiver of such right or remedy.

 

5. 
The Company agrees to pay all reasonable costs of collection, including attorneys' fees which may be incurred in the collection
of this Note or any portion thereof and, in case an action is instituted for such purposes, the amount of all attorneys' fees
shall be such amount as the court shall adjudge reasonable.

 

6. 
This Note is made and delivered in, and shall be governed, construed and enforced under the laws of the State of New York.

 

7. 
This Note shall be subject to prepayment, at the option of the Company, in whole or in part, at any time and from time to time,
without premium or penalty.

 

8. 
This Note or any benefits or obligations hereunder may not be assigned or transferred by the Company.

 

	 	ICAGEN, INC.
	 	 	 
	 	By: 	 
	 	Name:  	Richard Cunningham
	 	Title: 	Chief Executive Officer

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