Document:

exhibit10_3.htm

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    UNLESS
      PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT
      TRADE THE SECURITY BEFORE OCTOBER 21, 2007.

     

    THE
      SECURITIES REPRESENTED HEREBY AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF
      ARE SECURITIES OF A UNITED STATES DOMESTIC ISSUER AND HAVE NOT BEEN REGISTERED
      UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
      ACT”).  THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR
      THE BENEFIT OF THE CORPORATION THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR
      OTHERWISE TRANSFERRED ONLY (A) TO THE CORPORATION, (B) PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR (C) OUTSIDE THE UNITED STATES
      IN ACCORDANCE WITH REGULATION S (RULE 901 THROUGH RULE 905, AND PRELIMINARY
      NOTES) UNDER THE SECURITIES ACT.  THIS WARRANT MAY NOT BE EXERCISED BY
      OR ON BEHALF OF ANY U.S. PERSON UNLESS REGISTERED UNDER THE SECURITIES ACT
      OR AN
      EXEMPTION FROM REGISTRATION IS AVAILABLE.  AS USED HEREIN, THE TERMS
“UNITED STATES” AND “U.S. PERSON” HAVE THE MEANINGS ASCRIBED TO THEM IN
      REGULATION S UNDER THE SECURITIES ACT.  HEDGING TRANSACTIONS INVOLVING
      SUCH SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES
      ACT.

     

    
      	
              l
                Warrants

            	
              Warrant
                Certificate No. l

            

    

    WARRANT
      CERTIFICATE OF

     

    GEOGLOBAL
      RESOURCES INC.

     

    (Incorporated
      under the laws of Delaware)

     

    This
      is
      to certify that, for value received, l (the
“Holder”)
      is the registered holder of l common share
      purchase
      warrants (each a “Warrant”) and shall have the right to
      purchase from GeoGlobal Resources Inc. (hereinafter called the
“Corporation”), one fully paid and non-assessable Common Share
      (as defined herein) (each a “Warrant Share”) for each Warrant
      represented hereby, subject to adjustment in certain circumstances, at an
      exercise price of U.S. $7.50 per Common Share (the “Exercise
      Price”) at any time prior to 5:00 p.m. (Toronto time)on June 20, 2009
      the “Expiry Time”) provided that if (i) the trading price of
      the Common Shares on the American Stock Exchange (“AMEX”) or on
      any national securities exchange or automated quotation system on which the
      Common Shares are listed or traded is U.S. $12.00 or more for 20 consecutive
      trading days, (ii) the Registration Statement (as defined herein) has been
      declared effective by the U.S. Securities and Exchange Commission, and (iii)
      the
      hold period applicable to the Warrant Shares pursuant to the securities laws
      of
      the local jurisdictions in Canada where purchasers of Units (as defined herein)
      reside has expired (the occurrence of all such circumstances, the
“Acceleration Event”), then the Expiry Time shall be 5:00 p.m.
      (Toronto time) on the date which is the 30th day following
      the
      date of issuance by the Corporation (or if such 30th day is
      not a
      business day, which, for the purposes of this certificate, is a day on which
      chartered banks are normally open for business in Toronto, Ontario, excluding
      Saturday, Sunday or a statutory or civic holiday, then on the first business
      day
      after such date) of a news release as herein provided announcing the change
      to
      the Expiry Time. No further notice to the Holder shall be
      required.  The Warrants have been purchased pursuant to the terms of a
      subscription agreement (the “Subscription Agreement”) between
      the Corporation and the original Holder hereof relating to the issuance and
      sale
      by the Corporation of an aggregate of up to 5,680,000 units (the
“Units”), each Unit consisting of one (1) Common Share and
      one-half of one (1/2) Warrant and the Warrants are issued subject to the
      representations and warranties therein and the terms, conditions and covenants
      contained in such Subscription Agreement.

     

    The
      Warrants shall be subject to the following terms and conditions:

     

    
      	
              1.  

            	
              For
                the purposes of the Warrants, the term “Common Shares”
                means common stock  with par value of $0.001 in the capital of
                the Corporation as constituted on the date hereof; provided that
                in the
                event of a change, subdivision, redivision, reduction, combination
                or
                consolidation thereof or any other adjustment under Section 8 hereof,
                or
                successive such changes, subdivisions, redivisions, reductions,
                combinations, consolidations or other adjustments, then subject to
                the
                adjustments, if any, having been made in accordance with the provisions
                of
                this Warrant certificate, “Common Shares” shall
                thereafter mean the shares, other securities or other property resulting
                from such change, subdivision, redivision, reduction, combination
                or
                consolidation or other adjustment.

            

    

     

    
      	
              2.  

            	
              All
                Warrant certificates shall be signed by an officer of the Corporation
                holding office at the time of signing, or any successor or replacement
                person and notwithstanding any change in any of the persons holding
                said
                offices between the time of actual signing and the delivery of the
                Warrant
                certificate and notwithstanding that such officer signing may not
                have
                held office at the date of the delivery of the Warrant certificate,
                the
                Warrant certificate so signed shall be valid and binding upon the
                Corporation and the Holder shall be entitled to the benefits of this
                certificate.

            

    

     

    Until
      such time as the same is no longer required under applicable requirements of
      the
      Securities Act or applicable state securities laws, the certificates
      representing the Warrants and all certificates issued in exchange therefor
      or in
      substitution thereof shall bear a legend in substantially the form set forth
      below:

     

    “THE
      SECURITIES REPRESENTED HEREBY AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF
      ARE SECURITIES OF A UNITED STATES DOMESTIC ISSUER AND HAVE NOT BEEN REGISTERED
      UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
      ACT”).  THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR
      THE BENEFIT OF THE CORPORATION THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR
      OTHERWISE TRANSFERRED ONLY (A) TO THE CORPORATION, (B) PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR (C) OUTSIDE THE UNITED STATES
      IN ACCORDANCE WITH REGULATION S (RULE 901 THROUGH RULE 905, AND PRELIMINARY
      NOTES) UNDER THE SECURITIES ACT.  THIS WARRANT MAY NOT BE EXERCISED BY
      OR ON BEHALF OF ANY U.S. PERSON UNLESS REGISTERED UNDER THE SECURITIES ACT
      OR AN
      EXEMPTION FROM REGISTRATION IS AVAILABLE.  AS USED HEREIN, THE TERMS
“UNITED STATES” AND “U.S. PERSON” HAVE THE MEANINGS ASCRIBED TO THEM IN
      REGULATION S UNDER THE SECURITIES ACT.  HEDGING TRANSACTIONS INVOLVING
      SUCH SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES
      ACT.”

     

    Until
      such time as the same is no longer required under applicable requirements of
      the
      Securities Act and applicable state securities laws, certificates representing
      the Warrant Shares and all certificates issued in exchange therefor or in
      substitution thereof shall bear a legend in substantially the form set forth
      below:

     

    "THE
      SECURITIES REPRESENTED HEREBY
ARE SECURITIES OF A
      UNITED
      STATES DOMESTIC ISSUER AND
      HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
      AMENDED (THE “SECURITIES ACT”).  THE HOLDER HEREOF, BY PURCHASING SUCH
      SECURITIES, AGREES FOR THE BENEFIT OF THE CORPORATION THAT SUCH SECURITIES
      MAY
      BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE CORPORATION, (B)
      PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE SECURITIES ACT, (C) OUTSIDE THE UNITED
      STATES IN
      ACCORDANCE WITH REGULATION S (RULE 901 THROUGH RULE 905, AND PRELIMINARY NOTES)
      UNDER THE SECURITIES ACT OR (D) WITHIN THE UNITED STATES PURSUANT TO AN
      AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT, AND IN
      COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS.  DELIVERY
      OF THIS CERTIFICATE MAY NOT
      CONSTITUTE GOOD DELIVERY IN SETTLEMENT OF TRANSACTIONS.  HEDGING
      TRANSACTIONS INVOLVING SUCH SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE
      WITH THE SECURITIES ACT."

     

    Additionally,
      until the expiry of the applicable hold period, the certificates representing
      the Warrants and the Warrant Shares (to the extent such Warrant Shares are
      issued prior to the expiry of the applicable hold period), and all certificates
      issued in exchange therefore or in substitution thereof, shall bear the
      following legend:

     

    “UNLESS
      PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT
      TRADE THE SECURITY BEFORE OCTOBER 21, 2007.”

     

    
      	
              3.  

            	
              All
                rights under any of the Warrants in respect of which the right of
                subscription and purchase therein provided for shall not theretofore
                have
                been exercised shall wholly cease and terminate and such Warrants
                shall be
                wholly void and of no valid or binding effect after the Expiry
                Time.

            

    

     

    
      	
              4.  

            	
              Subject
                to the additional requirements of Section 13 hereof, the right to
                purchase
                Warrant Shares pursuant to the Warrants may only be exercised by
                the
                Holder in whole or in part at or before the Expiry Time
                by:

            

    

     

    
      	
              (a)  

            	
              duly
                completing and executing a subscription substantially in the form
                attached
                hereto as Exhibit “A” (the “Subscription Form”), in the
                manner therein indicated; and

            

    

     

    
      	
              (b)  

            	
              surrendering
                this Warrant certificate and the duly completed and executed subscription
                form to the Corporation at 605 – 1st
                Street, SW,
                Suite 310, Calgary, AB  T2P 3S9, together with payment of the
                purchase price for the Warrant Shares subscribed for in the form
                of cash
                or a certified or bank cheque payable to the Corporation in an amount
                equal to the then applicable Exercise Price multiplied by the number
                of
                Warrant Shares subscribed for.

            

    

     

    
      	
              5.  

            	
              Upon
                such delivery and payment as aforesaid, the Corporation shall cause
                to be
                issued to the Holder the number of Common Shares to be issued and
                the
                Holder or such person or persons in whose name or names the Holder
                directs
                that the Common Shares be registered shall become a shareholder of
                the
                Corporation in respect of such Common Shares with effect from the
                date of
                such delivery and payment and shall be entitled to delivery of a
                certificate or certificates evidencing such Common Shares bearing
                such
                legends as are provided herein.  The Corporation shall cause
                such certificate or certificates to be mailed to the Holder at the
                address
                or addresses specified in such subscription form within three (3)
                business
                days of such delivery and payment as herein provided or, if so instructed
                by the Holder, held for pick-up by the Holder at the office of the
                Corporation set out herein.

            

    

     

    
      	
              6.  

            	
              The
                holding of a Warrant shall not constitute the Holder a shareholder
                of the
                Corporation nor entitle the Holder to any right or interest in respect
                thereof except as herein expressly
                provided.

            

    

     

    
      	
              7.  

            	
              The
                Corporation covenants and agrees that until the Expiry Time, while
                any of
                the Warrants shall be outstanding, it shall reserve and there shall
                remain
                unissued out of its authorized capital a sufficient number of Common
                Shares to satisfy the right of purchase herein provided, as such
                right of
                purchase may be adjusted pursuant to Sections 8 and 9
                hereof.  All Common Shares which shall be issued upon the
                exercise of the right to purchase herein provided for, upon payment
                therefor of the amount at which such Common Shares may at the time
                be
                purchased pursuant to the provisions hereof, shall be issued as fully
                paid
                and non-assessable shares and the holders thereof shall not be liable
                to
                the Corporation or its creditors in respect thereof.  The
                Corporation will take such actions as may be reasonably necessary
                and as
                are within its power to ensure that all the Common Shares may be
                so issued
                without violation of any applicable laws or the applicable requirements
                of
                any exchange upon which the Common Shares may be listed or in respect
                of
                which the Common Shares are qualified for unlisted trading
                privileges.

            

    

     

    
      	
              8.  

            	
              For
                the purposes of this Section 8, unless there is something in the
                subject
                matter or context inconsistent therewith, the words and terms defined
                below shall have the respective meanings specified therefor in this
                Section:

            

    

     

    
      	
              (a)  

            	
              “Current
                Market Price” of the Common Shares at any date means the price
                per share equal to the weighted average price at which the Common
                Shares
                have traded on AMEX or if the Common Shares are not then listed on
                AMEX,
                such other Canadian or U.S. stock exchange as may be selected by
                the
                directors of the Corporation for such purpose or, if the Common Shares
                are
                not then listed on any Canadian or U.S. stock exchange, in the
                over-the-counter market, during the period of any twenty consecutive
                trading days ending not more than five trading days before such date;
                provided that the weighted average price will be determined by dividing
                the aggregate sale price of all Common Shares sold on the said exchange
                or
                market, as the case may be, during the said twenty consecutive trading
                days by the total number of Common Shares so sold; and provided further
                that if the Common Shares are not then listed on any Canadian or
                U.S.
                stock exchange or traded in the over-the counter market, then the
                Current
                Market Price will be determined by such firm of independent chartered
                accountants as may be selected by the board of directors;
                and

            

    

     

    
      	
              (b)  

            	
              “trading
                day” with respect to AMEX, another stock exchange or an
                over-the-counter market, as the case may be,  means a day on
                which AMEX or such stock exchange or over-the-counter market is open
                for
                business.

            

    

     

    
      	
              (c)  

            	
              If
                and whenever at any time after the date hereof and prior to the Expiry
                Time the Corporation shall (i) subdivide, redivide or change its
                then
                outstanding Common Shares into a greater number of Common Shares,
                (ii)
                reduce, combine or consolidate its then outstanding Common Shares
                into a
                lesser number of Common Shares or (iii) issue Common Shares (or securities
                exchangeable for or convertible into Common Shares) to the holders
                of all
                or substantially all of its then outstanding Common Shares by way
                of a
                stock dividend or other distribution (any of such events herein called
                a
                “Common Share Reorganization”), then the Exercise Price
                shall be adjusted effective immediately after the effective date
                of any
                such event in (i) or (ii) above or the record date at which the holders
                of
                Common Shares are determined for the purpose of any such dividend
                or
                distribution in (iii) above, as the case may be, by multiplying the
                then
                applicable Exercise Price in effect on such effective date or record
                date,
                as the case may be, by a fraction, the numerator of which shall be
                the
                number of Common Shares outstanding on such effective date or record
                date,
                as the case may be, before giving effect to such Common Share
                Reorganization and the denominator of which shall be the number of
                Common
                Shares outstanding immediately after giving effect to such Common
                Share
                Reorganization including, in the case where securities exchangeable
                for or
                convertible into Common Shares are distributed, the number of additional
                Common Shares that would be outstanding if such securities were exchanged
                for or converted into Common Shares after giving effect to such Common
                Share Reorganization.  To the extent that any adjustment in the
                Exercise Price occurs pursuant to this Subsection 8(c) as a result
                of the
                fixing by the Corporation of a record date for the distribution of
                securities exchangeable for or convertible into Common Shares, the
                Exercise Price will be readjusted immediately after the expiry of
                any
                relevant exchange or conversion right to the Exercise Price that
                would
                then be in effect based upon the number of Common Shares actually
                issued
                and remaining issuable after such expiry and will be further readjusted
                in
                such manner upon the expiry of any further such
                rights.

            

    

     

    
      	
              (d)  

            	
              If
                and whenever at any time after the date hereof and prior to the Expiry
                Time, the Corporation fixes a record date for the issue or distribution
                to
                the holders of all or substantially all of the outstanding Common
                Shares
                of rights, options or warrants pursuant to which such holders are
                entitled, during a period expiring not more than 45 days after the
                record
                date for such issue (such period being the “Rights
                Period”), to subscribe for or purchase Common Shares or
                securities exchangeable for or convertible into Common Shares at
                a price
                per Common Share (or in the case of securities exchangeable for or
                convertible into Common Shares at an exchange or conversion price
                per
                Common Share at the date of issue of such securities) which is less
                than
                95% of the Current Market Price of the Common Shares on such record
                date
                for such issue (any of such events being herein called a “Rights
                Offering”), the Exercise Price will be adjusted effective
                immediately after the Rights Period for the Rights Offering to the
                amount
                determined by multiplying the applicable Exercise Price in effect
                at the
                end of the Rights Period by a
                fraction:

            

    

     

    
      	
              (i)  

            	
              the
                numerator of which will be the sum
                of:

            

    

     

    
      	
              (A)  

            	
              the
                number of Common Shares outstanding on the record date for the Rights
                Offering; and

            

    

     

    
      	
              (B)  

            	
              the
                number determined by dividing:

            

    

     

    
      	
              (1)  

            	
              either
                (a) the product of the number of Common Shares offered during the
                Rights
                Period pursuant to the Rights Offering and the price at which such
                Common
                Shares are offered, or, (b) the product of the exchange or conversion
                price of the securities so offered and the number of Common Shares
                for or
                into which the securities offered pursuant to the Rights Offering
                may be
                exchanged or converted, as the case may be,
                by

            

    

     

    
      	
              (2)  

            	
              the
                Current Market Price of the Common Shares as of the record date for
                the
                Rights Offering; and

            

    

     

    
      	
              (ii)  

            	
              the
                denominator of which will be the aggregate of the number of Common
                Shares
                outstanding on such record date and the number of Common Shares actually
                issued or subscribed for during the Rights Period upon exercise of
                the
                rights, warrants or options pursuant to the Rights Offering (including
                in
                the case of the issue or distribution of securities exchangeable
                for or
                convertible into Common Shares the number of Common Shares for or
                into
                which such securities may be exchanged or
                converted).

            

    

     

    
      	
              (e)  

            	
              If
                by the terms of the rights, options, or warrants referred to in Subsection
                8(d), there is more than one purchase, conversion or exchange price
                per
                Common Share, the aggregate price of the total number of additional
                Common
                Shares offered for subscription or purchase, or the aggregate conversion
                or exchange price of the convertible or exchangeable securities so
                offered, will be calculated for purposes of the adjustment on the
                basis of
                the lowest purchase, conversion or exchange price per Common Share,
                as the
                case may be.  Any Common Shares owned by or held for the account
                of the Corporation will be deemed not to be outstanding for the purpose
                of
                any such calculation.  To the extent that any adjustment in the
                Exercise Price occurs pursuant to Subsection 8(d) as a result of
                the
                fixing by the Corporation of a record date for the issue or distribution
                of rights, options or warrants referred to in Subsection 8(d), the
                Exercise Price will be readjusted immediately after the expiry of
                any
                relevant exchange, conversion or exercise right to the Exercise Price
                that
                would then be in effect based upon the number of Common Shares actually
                issued and remaining issuable after such expiry and will be further
                readjusted in such manner upon the expiry of any further such
                rights.

            

    

     

    
      	
              (f)  

            	
              If
                and whenever at any time after the date hereof and prior to the Expiry
                Time, the Corporation fixes a record date for the payment, issue
                or
                distribution to the holders of all or substantially all of the Common
                Shares of:

            

    

     

    
      	
              (i)  

            	
              shares
                of the Corporation of any class other than Common
                Shares;

            

    

     

    
      	
              (ii)  

            	
              rights,
                options or warrants to acquire Common Shares or securities exchangeable
                for or convertible into Common Shares (other than rights, options
                or
                warrants pursuant to which holders of Common Shares are entitled,
                during a
                period expiring not more than 45 days after the record date for such
                issue, to subscribe for or purchase Common Shares at a price per
                share (or
                in the case of securities exchangeable for or convertible into Common
                Shares at an exchange or conversion price per share at the date of
                issue
                of such securities) of at least 95% of the Current Market Price of
                the
                Common Shares on such record date);

            

    

     

    
      	
              (iii)  

            	
              evidences
                of indebtedness of the Corporation;
                or

            

    

     

    
      	
              (iv)  

            	
              any
                property or assets (including evidences of the Corporation’s indebtedness)
                of the Corporation;

            

    

     

    and
      if
      such issue or distribution does not constitute a Common Share Reorganization
      or
      a Rights Offering (any of such non-excluded events being herein called a
“Special Distribution”), the Exercise Price will be adjusted
      effective immediately after the record date for the Special Distribution to
      the
      amount determined by multiplying the Exercise Price in effect on the record
      date
      for the Special Distribution by a fraction:

     

    
      	
              (A)  

            	
              the
                numerator of which will be the difference
                between:

            

    

     

    
      	
              (1)  

            	
              the
                product of the number of Common Shares outstanding on such record
                date and
                the Current Market Price of the Common Shares on such record date,
                and

            

    

     

    
      	
              (2)  

            	
              the
                fair value, as determined in good faith by the directors of the
                Corporation, to the holders of the Common Shares, of such dividend,
                cash,
                securities, rights, options, warrants, evidences of indebtedness
                or
                property or assets to be issued or distributed in the Special
                Distribution, and

            

    

     

    
      	
              (B)  

            	
              the
                denominator of which will be the product obtained by multiplying
                the
                number of Common Shares outstanding on such record date by the Current
                Market Price of the Common Shares on such record
                date.

            

    

     

    Any
      Common Shares owned by or held for the account of the Corporation will be deemed
      not to be outstanding for the purpose of such calculation.  To the
      extent that any adjustment in the Exercise Price occurs pursuant to this
      Subsection 8(f) as a result of the fixing by the Corporation of a record date
      for the issue or distribution of rights, options or warrants to acquire Common
      Shares or securities exchangeable for or convertible into Common Shares referred
      to in this Subsection 8(f), the Exercise Price will be readjusted immediately
      after the expiry of any relevant exercise, exchange or conversion right to
      the
      amount that would then be in effect if the fair market value had been determined
      on the basis of the number of Common Shares issued and remaining issuable
      immediately after such expiry, and will be further readjusted in such manner
      upon the expiry of any further such rights.

     

    
      	
              (g)  

            	
              If
                and whenever at any time after the date hereof and prior to the Expiry
                Time there is a capital reorganization of the Corporation or a
                reclassification, redesignation or other change in the Common Shares
                or
                securities (other than a Common Share Reorganization) or a consolidation,
                arrangement or merger or amalgamation of the Corporation with or
                into any
                other corporation or other entity (other than a consolidation,
                arrangement, merger or amalgamation which does not result in any
                reclassification of the outstanding Common Shares or a change of
                the
                Common Shares into other securities), or a transfer, sale or conveyance
                of
                all or substantially all of the Corporation's undertaking or assets
                to
                another corporation or other entity in which the holders of Common
                Shares
                are entitled to receive shares, other securities or other property
                (any of
                such events being called a “Capital Reorganization”), the
                Holder, where the Holder has not exercised the right of subscription
                and
                purchase under this Warrant certificate prior to the effective date
                of
                such Capital Reorganization, shall be entitled to receive and shall
                accept, upon the exercise of such right, on such date or any time
                thereafter, for the same aggregate consideration in lieu of the number
                of
                Common Shares to which the Holder was theretofore entitled to subscribe
                for and purchase upon the exercise of the Warrants, the kind and
                aggregate
                number of shares and/or other securities or property resulting from
                the
                Capital Reorganization which the Holder would have been entitled
                to
                receive as a result of such Capital Reorganization if, on the effective
                date thereof, the Holder had been the registered holder of the number
                of
                Common Shares to which the Holder was theretofore entitled to subscribe
                for and purchase.  If necessary, as a result of any Capital
                Reorganization, appropriate adjustments will be made in the application
                of
                the provisions of this Warrant certificate with respect to the rights
                and
                interest thereafter of the Holder to the end that the provisions
                of this
                Warrant certificate will thereafter correspondingly be made applicable
                as
                nearly as may reasonably be possible in relation to any shares or
                other
                securities and/or property thereafter deliverable upon the exercise
                of the
                Warrants.

            

    

     

    
      	
              (h)  

            	
              If
                and whenever at any time after the date hereof and prior to the Expiry
                Time, any of the events set out in Subsection 8(c), (d), (e) or (f)
                shall
                occur and the occurrence of such event results in an adjustment of
                the
                Exercise Price pursuant to the provisions of this Section 8, then
                the
                number of Common Shares purchasable pursuant to this Warrant upon
                exercise
                thereof shall be adjusted contemporaneously with the adjustment of
                the
                Exercise Price by multiplying the number of Common Shares then otherwise
                purchasable on the exercise thereof by a fraction, the numerator
                of which
                shall be the then applicable Exercise Price in effect immediately
                prior to
                the adjustment and the denominator of which shall be the Exercise
                Price
                resulting from such adjustment.

            

    

     

    
      	
              (i)  

            	
              If
                the Corporation takes any action affecting its Common Shares at any
                time
                after the date hereof and prior to the Expiry Time, other than an
                action
                or event described in this Section 8, which in the opinion of the
                board of
                directors of the Corporation, would have a material adverse effect
                upon
                the rights of the Holder of the Warrants hereunder, the Exercise
                Price
                and/or the number of Common Shares purchasable under this Warrant
                certificate, then the Corporation shall execute and deliver to the
                Holder
                an amendment hereto providing for an adjustment in the application
                of such
                provisions so as to adjust such rights as aforesaid in such manner
                as the
                board of directors of the Corporation may determine to be equitable
                in the
                circumstances, acting in good faith.  The failure of the taking
                of action by the board of directors of the Corporation to so provide
                for
                any adjustment on or prior to the effective date of any action or
                occurrence giving rise to such state of facts will be conclusive
                evidence
                that the board of directors has determined that it is equitable to
                make no
                adjustment in the circumstances.

            

    

     

    
      	
              9.  

            	
              The
                following rules and procedures shall be applicable to the adjustments
                made
                pursuant to Section 8:

            

    

     

    
      	
              (a)  

            	
              any
                Common Shares owned or held by or for the account of the Corporation
                shall
                be deemed not be to outstanding except that, for the purposes of
                Section
                8, any Common Shares owned by a pension plan or profit sharing plan
                for
                employees of the Corporation or any of its subsidiaries shall not
                be
                considered to be owned or held by or for the account of the
                Corporation;

            

    

     

    
      	
              (b)  

            	
              no
                adjustment in the Exercise Price will be required unless a change
                of at
                least 1% of the prevailing Exercise Price would result, provided,
                however,
                that any adjustment which, except for the provisions of this Section
                9(b),
                would otherwise have been required to be made, shall be carried forward
                and taken into account in any subsequent
                adjustment;

            

    

     

    
      	
              (c)  

            	
              the
                adjustments provided for in Section 8 are cumulative and shall apply
                to
                successive subdivisions, consolidations, dividends, distributions
                and
                other events resulting in any adjustment under the provisions of
                such
                Section;

            

    

     

    
      	
              (d)  

            	
              no
                adjustment in the Exercise Price or in the number or kind of securities
                purchasable on the exercise of the Warrants will be made in respect
                of any
                event described in Section 8 hereof if the Holder is entitled to
                participate in such event on the same terms mutatis mutandis as if
                the
                Holder had exercised the Warrants prior to, or on, the record date
                or
                effective date, as the case may be, of such
                event;

            

    

     

    
      	
              (e)  

            	
              in
                the absence of a resolution of the board of directors of the Corporation
                fixing a record date for any dividend or distribution referred to
                in
                Section 8(c) above, the Corporation shall be deemed to have fixed
                as the
                record date therefor the date on which such dividend or distribution
                is
                effected;

            

    

     

    
      	
              (f)  

            	
              if
                the Corporation sets a record date to take any action and thereafter
                and
                before the taking of such action abandons its plan to take such action,
                then no adjustment to the Exercise Price will be required by reason
                of the
                setting of such record date;

            

    

     

    
      	
              (g)  

            	
              forthwith
                after any adjustment to the Exercise Price or the number of Common
                Shares
                purchasable pursuant to the Warrants, the Corporation shall provide
                to the
                Holder a certificate of an officer of the Corporation certifying
                as to the
                amount of such adjustment and, in reasonable detail, describing the
                event
                requiring and the manner of computing or determining such
                adjustment;

            

    

     

    
      	
              (h)  

            	
              if
                any question that at any time or from time to time arises with respect
                to
                the amount of any adjustment to the Exercise Price or the number
                of Common
                Shares purchasable pursuant to (or other adjustment pursuant to)
                Section 8
                shall be conclusively determined by a firm of independent chartered
                accountants (who may be the Corporation's auditors).  Such
                chartered accountants shall have access to all necessary records
                of the
                Corporation and such determination shall be binding on the Corporation
                and
                the Holder, absent manifest error.  In the event that any
                determination is made, the Corporation shall deliver a certificate
                to the
                Holder describing such determination and confirming such
                consent;

            

    

     

    
      	
              (i)  

            	
              all
                adjustments to the Exercise Price or the number of Common Shares
                purchasable pursuant to this Warrant certificate are subject to the
                prior
                approval of AMEX or any other stock exchange upon which the Common
                Shares
                may trade from time to time; and

            

    

     

    
      	
              (j)  

            	
              at
                least ten days prior to any record date or effective date, as the
                case may
                be, for any event that requires or might require an adjustment in
                any of
                the rights of the Holder, including the Exercise Price or the number
                of
                Common Shares that are obtained under this Warrant certificate, the
                Corporation will deliver to the Holder, at the Holder’s registered
                address, a certificate of the Corporation specifying the particulars
                of
                such event and, if determinable, the required adjustment and the
                calculation of such adjustment.  In case any adjustment for
                which a notice in this Section 9 has been given is not then determinable,
                the Corporation will promptly after such adjustment is determinable
                deliver to the Holder, a certificate providing the calculation of
                such
                adjustment.  The Corporation hereby covenants and agrees that
                the register of transfers and share transfer books for the Common
                Shares
                will be open, and that the Corporation will not take any action that
                might
                deprive the Holder of the opportunity of exercising the rights contained
                in this Warrant certificate, during such ten day period. At least
                ten days
                prior to the effective date or record date, as the case may be, of
                any
                event referred to in Section 8, the Corporation shall notify the
                Holder of
                the particulars of such event and the estimated amount of any adjustment
                required as a result thereof.

            

    

     

    
      	
              10.  

            	
              Notwithstanding
                anything contained herein to the contrary, the Corporation will not
                be
                required to issue fractional Common Shares in satisfaction of its
                obligations hereunder.  If any fractional interest in a Common
                Share would be deliverable upon the exercise of a Warrant, the Corporation
                will, in lieu of delivering the fractional Common Share, satisfy
                the right
                to receive such fractional interest by payment to the Holder of an
                amount
                in cash equal (computed in the case of a fraction of a cent to the
                next
                lower cent) to the value of the right to acquire such fractional
                interest
                on the basis of the Current Market Price of the Common Shares on
                the date
                of exercise.

            

    

     

    
      	
              11.  

            	
              On
                the happening of each and every such event set out in Section 8,
                the
                applicable provisions of this Warrant, including the Exercise Price,
                shall, ipso facto, be deemed to be amended accordingly and the Corporation
                shall take all necessary action so as to comply with such provisions
                as so
                amended.

            

    

     

    
      	
              12.  

            	
              The
                Corporation covenants that it will at all times while this Warrant
                remains
                outstanding, maintain its corporate existence and carry on and conduct
                its
                business in a proper and business-like manner and cause to be kept
                in
                proper books of account in accordance with generally accepted accounting
                practice.  The Corporation represents that it is authorized to
                create and issue the Warrants.  The Corporation covenants that
                it will cause the Common Shares from time to time subscribed and
                paid for
                pursuant to the exercise of the Warrants in the manner herein provided
                and
                the certificates representing such Common Shares to be duly issued
                and
                delivered in accordance with the Warrants and the terms
                hereof.  The Corporation covenants that all Common Shares that
                shall be issued upon exercise of the right to purchase provided for
                herein, upon payment of the Exercise Price, shall be issued as fully
                paid
                and non-assessable.  The Corporation covenants that it will use
                its commercially reasonable efforts to maintain the trading of the
                Common
                Shares on AMEX while this Warrant remains outstanding.  The
                Corporation covenants that it will use its commercially reasonable
                efforts
                to maintain its status as a reporting issuer or equivalent not in
                default,
                and not be in default in any material respect of the applicable
                requirements of, the applicable securities laws of the provinces
                of
                British Columbia, Alberta, Ontario and Quebec and shall continue
                to have a
                class of equity securities registered under Section 12(g) under the
                United States Securities Exchange Act of 1934, as amended, and
                file periodic and other reports and schedules pursuant thereto so
                long as
                this Warrant remains outstanding.  The Corporation covenants
                that if, in the opinion of outside counsel, any instrument is required
                to
                be filed with, or any permission, order or ruling is required to
                be
                obtained from any securities administrator, regulatory agency or
                governmental authority in Canada or the United States or any other
                step is
                required under any Canadian federal or provincial law before the
                Common
                Shares underlying the Warrants may be issued or delivered, the Corporation
                will use its commercially reasonable efforts to file such instrument,
                obtain such permission, order or ruling or take all such other actions,
                at
                its expense, as are required.  The Corporation covenants that it
                will perform all its covenants and carry out all of the acts or things
                to
                be done by it as provided in this Warrant certificate.  The
                Corporation hereby represents and warrants that this Warrant certificate
                is a valid and enforceable obligation of the Corporation, enforceable
                in
                accordance with the provisions of this Warrant certificate. The
                Corporation covenants that in the event the Acceleration Event occurs,
                it
                will publish notice of the new Expiry Time in national newspapers
                in
                Canada and the United States of general circulation. The Corporation
                covenants that it will file with, and thereafter use its best efforts
                to
                have declared effective by the United States Securities and Exchange
                Commission, a registration statement (the “Registration
                Statement”) under the US Securities Act with
                respect to the Warrant Shares issuable on the exercise of the
                Warrants.

            

    

     

    
      	
              13.  

            	
              The
                Warrants have not been and, subject to Section 12 hereof, will not
                be
                registered under the U.S. Securities Act or any state securities
                laws.  Each certificate for a Warrant Share issued in accordance
                with the terms of this Warrant shall have imprinted thereon the applicable
                legends provided by Section 2 hereof.  Each person exercising a
                Warrant shall provide to the Corporation at the time of surrendering
                the
                Warrant for exercise the following:

            

    

     

    
      	
              (a)  

            	
              a
                written certification, meeting the requirements of Rule 903(b)(5)
                under
                the US Securities Act, that such person is not a U.S. Person, as
                defined
                in Regulation S under the US Securities Act, and that such Warrant
                is not
                being exercised on behalf of a U.S. Person;
                or

            

    

     

    
      	
              (b)  

            	
              a
                written opinion of counsel (who may be counsel to the Corporation)
                to the
                effect that the Warrant and the Common Shares issuable on exercise
                have
                been registered under the US Securities Act or are exempt from
                registration thereunder.

            

    

     

    No
      Warrant may be exercised from within the United States and the Corporation
      (or
      its transfer agent) shall not deliver Common Shares upon exercise other than
      in
      an offering deemed by the Corporation, based on certifications and other
      evidence provided by the Holder, to meet the definition of an "offshore
      transaction" pursuant to Rule 902(h) under the US Securities Act, unless such
      issuance of Common Shares has been registered under the US Securities Act or
      an
      exemption from such registration is available.   If the Holder
      purporting to exercise a Warrant is a U.S. Person, the Corporation shall require
      written evidence from the Holder that the Holder is an "accredited investor,"
      as
      defined in Regulation D under the US Securities Act, at the time the Warrant
      is
      exercised.  In connection with any exercise of a Warrant, the
      Corporation may require the Warrantholder to deliver to the Corporation such
      additional certifications or written opinions of counsel as the Corporation
      may
      consider necessary to assure that such exercise will not violate the
      requirements of the US Securities Act or any other provision of
      law.

     

    
      	
              14.  

            	
              The
                Corporation shall not be required to deliver certificates for Common
                Shares while the share transfer books of the Corporation are properly
                closed, having regard to the provisions of Sections 8 and 9 hereof,
                prior
                to any meeting of shareholders or for the payment of dividends or
                for any
                other purpose and in the event of the surrender of any Warrant in
                accordance with the provisions hereof and the making of any subscription
                and payment for the Common Shares called for thereby during any such
                period delivery of certificates for Common Shares may be postponed
                for not
                more than five (5) days after the date of the re-opening of said
                share
                transfer books.  Provided, however, that any such postponement
                of delivery of certificates shall be without prejudice to the right
                of the
                Holder so surrendering the same and making payment during such period
                to
                receive after the share transfer books shall have been re-opened
                such
                certificates for the Common Shares called for, as the same may be
                adjusted
                pursuant to Sections 8 and 9 hereof as a result of the completion
                of the
                event in respect of which the transfer books were
                closed.

            

    

     

    
      	
              15.  

            	
              Subject
                as hereinafter provided, all or any of the rights conferred upon
                the
                Holder by the terms hereof may be enforced by the Holder by appropriate
                legal proceedings.  No recourse under or upon any obligation,
                covenant or agreement contained herein shall be had against any
                shareholder or officer of the Corporation either directly or through
                the
                Corporation, it being expressly agreed and declared that the obligations
                under the Warrants are solely corporate obligations and that no personal
                liability whatever shall attach to or be incurred by the shareholders
                or
                officers of the Corporation or any of them in respect thereof, any
                and all
                rights and claims against every such shareholder, officer or director
                being hereby expressly waived as a condition of and as consideration
                for
                the issue of the Warrants.

            

    

     

    
      	
              16.  

            	
              The
                Holder may subscribe for and purchase any lesser number of Common
                Shares
                than the number of shares expressed in the Warrant
                certificate.  In the case of any subscription for a lesser
                number of Common Shares than expressed in any Warrant certificate,
                the
                Holder hereof shall be entitled to receive at no cost to the Holder
                a new
                Warrant certificate in respect of the balance of Warrants not then
                exercised.  Such new Warrant certificate shall be mailed to the
                Holder by the Corporation contemporaneously with the mailing of the
                certificate or certificates representing the Common Shares issued
                pursuant
                to Section 5.

            

    

     

    
      	
              17.  

            	
              If
                any Warrant certificate becomes stolen, lost, mutilated or destroyed,
                the
                Corporation shall, on such terms as it may in its discretion acting
                reasonably impose, issue and sign a new Warrant certificate of like
                denomination, tenor and date as the Warrant certificate so stolen,
                lost,
                mutilated or destroyed for delivery to the
                Holder.

            

    

     

    
      	
              18.  

            	
              The
                Corporation will maintain a register of holders of Warrants at its
                principal office: (i) in which will be entered the names and addresses
                of
                holders of Warrants and particulars of the Warrants held by them;
                and (ii)
                in which all transfers of Warrants and the date and other particulars
                of
                each transfer will be entered.  All such transfers will be
                subject to the provisions of Section 22 hereof.  This register
                will at all reasonable times be open for inspection by holders of
                Warrants.  The Corporation may deem and treat the registered
                holder of any Warrant certificate as the absolute owner of the Warrants
                represented thereby for all purposes, and the Corporation shall not
                be
                affected by any notice or knowledge to the contrary except where
                the
                Corporation is required to take notice by statute or by order of
                a court
                of competent jurisdiction.  A Holder shall be entitled to the
                rights evidenced by such Warrant free from all equities or rights
                of
                set-off or counterclaim between the Corporation and the original
                or any
                intermediate holder thereof and all persons may act accordingly and
                the
                receipt by any such Holder of the Common Shares purchasable pursuant
                to
                such Warrant shall be a good discharge to the Corporation for the
                same and
                the Corporation shall not be bound to inquire into the title of any
                such
                Holder except where the Corporation is required to take notice by
                statute
                or by order of a court of competent
                jurisdiction.

            

    

     

    
      	
              19.  

            	
              The
                Corporation shall notify the Holder forthwith of any change of address
                of
                the Corporation.

            

    

     

    
      	
              20.  

            	
              In
                addition to all other powers conferred on them by the other provisions
                of
                this Warrant certificate or by law, the Holders shall have the power
                from
                time to time by an extraordinary resolution (as defined
                herein):

            

    

     

    
      	
              (a)  

            	
              to
                assent to or sanction any amendment, modification, abrogation, alteration,
                compromise or arrangement of the rights of the Holders of Warrants
                against
                the Corporation which shall be agreed to by the Corporation;
                and/or

            

    

     

    
      	
              (b)  

            	
              to
                assent to any modification of or change in or omission from the provisions
                contained herein or in any instrument ancillary or supplemental hereto
                which shall be agreed to by the Corporation and to authorize the
                Holders
                to concur in and execute any ancillary or supplemental instrument
                embodying the change or omission;
                and/or

            

    

     

    
      	
              (c)  

            	
              to
                restrain any Holder of a Warrant from taking or instituting any suit
                or
                proceedings against the Corporation for the enforcement of any of
                the
                covenants on the part of the Corporation conferred upon the Holders
                by the
                terms of the Warrants or to enforce any right of the Holders;
                and/or

            

    

     

    
      	
              (d)  

            	
              to
                amend, alter or repeal any extraordinary resolution previously passed;
                and/or

            

    

     

    
      	
              (e)  

            	
              to
                direct any Holder who, as such, has brought any suit, action or
                proceeding, to stay or discontinue or otherwise deal therewith on
                payment
                of the costs, charges and expenses reasonably and properly incurred
                by him
                in connection therewith; and/or

            

    

     

    
      	
              (f)  

            	
              to
                assent to any compromise or arrangement with any creditor or creditors
                or
                any class or classes of creditors, whether secured or otherwise,
                and with
                holders of any shares or other securities of the Corporation where
                the
                consent of the holders of the securities of the Corporation is
                required.

            

    

     

    Any
      such
      extraordinary resolution as aforesaid shall be binding upon all the Holders
      of
      Warrants whether or not assenting in writing to any such extraordinary
      resolution, and each Holder of any of the Warrants shall be bound to give effect
      thereto accordingly.  Such extraordinary resolution shall, where
      applicable, be binding on the Corporation which shall give effect thereto
      accordingly.

     

    Any
      one
      or more of the powers, and any combination of the powers, herein stated to
      be
      exercisable by the Holders by extraordinary resolution or otherwise, may be
      exercised from time to time, and the exercise of any one or more of such powers
      or any combination of such powers from time to time shall not prevent the
      Holders from exercising such power or powers or combination of powers thereafter
      from time to time.

     

    The
      Corporation shall forthwith upon receipt of an extraordinary resolution provide
      notice to all Holders of the date and text of such resolution.  The
      Holders of Warrants assenting to an extraordinary resolution agree to provide
      the Corporation forthwith with a copy of any extraordinary resolution
      passed.

     

    The
      expression “extraordinary resolution” when used herein shall
      mean a resolution assented to in writing, in one or more counterparts, by the
      Holders of Warrants calling in the aggregate for not less than 66 2/3% of the
      aggregate number of shares called for by all of the Warrants which are, at
      the
      applicable time, outstanding.

     

    
      	
              21.  

            	
              All
                notices to be sent hereunder shall be deemed to be validly given
                to the
                Holders of the Warrants if delivered personally or if sent by registered
                letter through the post addressed to such holders at their post office
                addresses appearing in the register of Warrant holders caused to
                be
                maintained by the Corporation pursuant to Section 18, and such notice
                shall be deemed to have been given, if delivered personally when
                so
                delivered, and if sent by post on the fifth business day next following
                the post thereof.

            

    

     

    
      	
              22.  

            	 

    

     

    
      	
              (a)  

            	
              Subject
                to the provisions hereof, the Holder may transfer the Warrants evidenced
                hereby either in whole or in part by completing the Assignment form
                attached hereto as Exhibit “B”.  The Warrants may only be
                transferred in accordance with applicable laws.  Any such
                transfer, accompanied by this Warrant certificate, must be delivered
                to
                the Corporation at its principal office set out herein, together
                with such
                evidence of identity or title as the Corporation may reasonably require,
                whereupon the transfer will be registered and duly noted by endorsement
                hereon signed by the Corporation.  If part only of the Warrants
                evidenced hereby is transferred, the Corporation will deliver to
                the
                Holder and the transferee replacement Warrant certificates substantially
                in the form of this certificate.

            

    

     

    
      	
              (b)  

            	
              Each
                Holder has agreed as a condition to its purchase of Units from the
                Corporation and each transferee of Warrants or Warrant Shares issued
                on
                exercise of Warrants shall agree, as a condition to such transfer,
                that it
                will not offer, sell, pledge or otherwise transfer the Common Shares
                and
                Warrants comprising the Units or the Warrant Shares except: (A) to
                the
                Corporation, (B) pursuant to an effective registration statement
                under the
                Securities Act or (C) outside the United States in accordance with
                Regulation S (Rule 901 through Rule 905, and preliminary notes) under
                the
                Securities Act, and that, absent compliance with the foregoing, the
                Corporation shall refuse transfer of the securities.  The Holder
                and any transferee understand and agree that the certificates representing
                the Common Shares and Warrants comprising the Units and the Warrant
                Shares
                will bear a legend to the foregoing effect and that prior to any
                transfer
                pursuant to the foregoing, the Corporation may require that the seller
                furnish the Corporation and the Corporation’s transfer agent with an
                opinion of counsel of recognized standing, in substance and form
                satisfactory to the Corporation, that such transfer is exempt from
                registration under the U.S. Securities Act and any applicable state
                securities laws and any transferee understands and acknowledges that
                the
                certificates for the Common Shares and Warrants comprising the Units
                and
                the Warrant Shares and any certificates issued in replacement thereof
                or
                exchange therefor, shall have endorsed thereon the legend set forth
                in
                Section 2 hereof reflecting such restrictions on
                transfer.

            

    

     

    No
      Warrant may be issued on transfer of a Warrant unless the transferee shall
      provide to the Corporation as a condition to such transfer a certification
      in a
      form acceptable to the Corporation certifying that the transferee is not a
      U.S.
      Person as defined in Rule 902(k) under the US Securities Act or, if such
      transferee is a U.S. Person, that such transfer does not violate the
      registration requirements of the US Securities Act.

     

    Such
      Warrants shall not be transferred by the Corporation and the Holder hereof
      agrees that the Corporation shall refuse to transfer such Warrants except upon
      compliance with the restrictions on transfer set forth in this
      Warrant.

     

    Transfers
      of the Warrants evidenced hereby may be subject to restrictions under applicable
      securities law.  Holders of Warrants should consult their own
      professional advisors in order to assess the legal aspects of a transfer of
      the
      Warrants evidenced hereby.

     

    
      	
              23.  

            	
              This
                Warrant shall be governed by the laws of the State of
                Delaware.

            

    

     

    
      	
              24.  

            	
              Time
                shall be of the essence of this Warrant
                certificate.

            

    

     

    
      	
              25.  

            	
              This
                Warrant certificate will enure to the benefit of and will be binding
                upon
                the Holder and the Corporation and their respective successors and
                permitted assigns.

            

    

     

    (The
      remainder of this page was left blank intentionally.)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF the Corporation has caused this Warrant certificate to
      be signed by its duly authorized officer.

     

    DATED
      as
      of the 20th day of June, 2007.

     

    
      	 	 	
              GEOGLOBAL
                RESOURCES INC.

            
	 	 	
              Per:

            	 
	 	 	 	
              Name:  Allan
                J. Kent

            
	 	 	 	
              Title:    Executive
                Vice President and CFO

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “A”

     

    

     

    SUBSCRIPTION
      FORM

     

    TO
      BE COMPLETED IF WARRANTS ARE TO BE EXERCISED:

    

    The
      undersigned hereby irrevocably subscribes for   common shares of
      GeoGlobal Resources Inc. according to the terms and conditions set forth in
      the
      annexed warrant certificate (or such number of other securities or property
      to
      which such warrant entitles the undersigned to acquire under the terms and
      conditions set forth in the annexed warrant certificate). The subscriber
      acknowledges and agrees that the common shares issuable upon exercise of the
      common share purchase warrants may be subject to resale
      restrictions.

     

    The
      undersigned hereby acknowledges that the following legend will be placed on
      the
      certificates representing the Common Shares being acquired if the Warrants
      are
      exercised prior to October 21, 2007:

     

    “UNLESS
      PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT
      TRADE THE SECURITY BEFORE OCTOBER 21, 2007.

     

    And
      the
      following legend will be placed on the certificates representing the Common
      Shares being acquired until such time as the same is no longer required under
      applicable requirements of the Securities Act and applicable state securities
      laws

    

    THE
      SECURITIES REPRESENTED HEREBY ARE SECURITIES OF A UNITED STATES DOMESTIC ISSUER
      AND HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933,
      AS
      AMENDED (THE “SECURITIES ACT”).  THE HOLDER HEREOF, BY PURCHASING SUCH
      SECURITIES, AGREES FOR THE BENEFIT OF THE CORPORATION THAT SUCH SECURITIES
      MAY
      BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE CORPORATION, (B)
      PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, (C)
      OUTSIDE THE UNITED STATES IN ACCORDANCE WITH REGULATION S (RULE 901 THROUGH
      RULE
      905, AND PRELIMINARY NOTES) UNDER THE SECURITIES ACT OR (D) WITHIN THE UNITED
      STATES PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES
      ACT, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES
      LAWS.  DELIVERY OF THIS CERTIFICATE MAY NOT CONSTITUTE GOOD DELIVERY
      IN SETTLEMENT OF TRANSACTIONS.  HEDGING TRANSACTIONS INVOLVING SUCH
      SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES
      ACT.”

    

     

    Direction
      as to Registration:

    Name
      and
      Address:                                                                                                                                

    

    

    

    

    

    

    

    Direction
      as to
      Delivery:

    Name
      and
      Address:                                                                                                                                

    

    

    

    

    

    

    

    
      	
              Attention:

            	 	 

    

    

    Exercise
      Price Tendered

    
      	
               

            	
              (U.S.
                $7.50 per share)$

            

    

    

    If
      any
      Warrants represented by this certificate are not being exercised, a new Warrant
      certificate representing the number of Warrants which are not exercised hereby
      will be issued and delivered with the Common Share certificate(s).

     

    Dated
      at
 , this   day of  ,
      200 .

    

    
      	
               

            	
              Witness:

            	
              )

            	
              _____________________________________

            

    

    
      	
               

            	
              )

            	
              Holder's
                Name

            

    

    )

    
      	
               

            	
              )

            	
              _____________________________________

            

    

    )      Authorized
      Signature

    )

    
      	
               

            	
              )

            	
              _____________________________________

            

    

    )      Title
      (if applicable)

    

    Signature
      medallion guaranteed:

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “B”

     

    

     

    ASSIGNMENT
      FORM

     

    TO
      BE COMPLETED IF WARRANTS ARE TO BE ASSIGNED:

    

     

    TO:                      GeoGlobal
      Resources Inc.

    605
–
1st
      Street, SW – Suite
      310

    Calgary,
      AB  T2P
      3S9

    

     

    

     

    

     

    ________________________________________
      Warrants evidenced by this Warrant certificate are hereby transferred to
      _______________________ residing at   for good and valuable
      consideration.  You are hereby irrevocably appointed as the attorney
      of the undersigned to transfer the said securities on the books maintained
      by
      the Corporation with full power of substitution.

     

    

     

    

     

    Dated
      at
      _____________________, this ____ day of ___________, 200___.

     

    

     

    

     

    

     

    
      	
               

            	
              Witness:

            	
              )

            	 	 

    

    
      	
               

            	
              )

            	
              Holder's
                Name

            

    

    )

    )      

    ______________________________                                                                                     )           Authorized
      Signature

    )

    )      

    )      Title
      (if applicable)

    

     

    Signature
      medallion guaranteed:

     

    PrivatePlacement/2007/WarrantCertif/WarrantCertificate
      FINAL Version 6-20-07exhibit10_4.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    GEOGLOBAL
      RESOURCES INC.

    REGISTRATION
      RIGHTS AGREEMENT

    

    This
      Registration Rights Agreement (this “Agreement”) is made and
      entered into as of the 19 day of June, 2007 between GeoGlobal Resources Inc.,
      a
      Delaware corporation (the “Company”), and Primary Capital Inc.
      and Jones, Gable & Company Limited (the
“Agents”).

    

    RECITALS

    

    WHEREAS
      the Company proposes to issue to the Subscribers (as defined herein) units
      comprised of common shares of the Company (“Common Shares”) and
      common share purchase warrants entitling the Subscribers to subscribe for common
      shares of the Company (“Warrant Shares”) pursuant to
      subscription agreements as described in the Agency Agreement dated June 19,
      2007
      between the Company and the Agents (the “Agency
      Agreement”);

    

    AND
      WHEREAS the Company proposes to issue to the Agents compensation
      options exercisable for units comprised of common shares of the Company
      (“Compensation Shares”) pursuant to the Agency
      Agreement;

    

    AND
      WHEREAS, pursuant to the Agency Agreement, the Company has agreed to
      effect the registration of the Common Shares, Warrant Shares and Compensation
      Shares on the terms and subject to the conditions set forth therein and
      herein;

    

    NOW
      THEREFORE, in consideration of the foregoing premises and for other
      good and valuable consideration, the parties hereby agree as
      follows:

    

    1.           REGISTRATION
      RIGHTS.

    

    1.1           Certain
      Definitions.  As used in this Agreement, the following terms
      shall have the meanings set forth below:

    

    
      	
               

            	
              (a)

            	
              “Closing”
                shall mean the closing of the initial sale of the Registrable
                Securities;

            

    

    

    
      	
               

            	
              (b)

            	
              “Commission”
                shall mean the United States Securities and Exchange Commission or
                any
                other federal agency at the time administering the Securities
                Act;

            

    

    

    
      	
               

            	
              (c)

            	
              “Exchange
                Act” shall mean the United States Securities Exchange Act of
                1934, as amended;

            

    

    

    
      	
               

            	
              (d)

            	
              “Holder”
                shall mean any holder of Registrable Securities and any holder of
                Registrable Securities to whom the registration rights conferred
                by this
                Agreement have been transferred in compliance with Section 1.8
                hereof;

            

    

    

    
      	
               

            	
              (e)

            	
              “Registrable
                Securities” shall mean (i) the Common Shares, (ii) the Warrant
                Shares, (iii) the Compensation Shares, and (iv) any common shares
                of the
                Company issued as a dividend or other distribution with respect to
                or in
                exchange for or in replacement of the shares referenced in (i), (ii)
                and
                (iii) above, provided, however, that Registrable Securities shall
                not
                include (a) any common shares of the Company which have previously
                been
                registered or which have been sold to the public either pursuant
                to a
                registered public offering or Rule 144, or (b) any common shares
                of the
                Company held by a Holder that may immediately be sold under Rule
                144
                during any 90-day period and including Rule
                144(k);

            

    

    

    
      	
               

            	
              (f)

            	
              The
                terms “register,” “registered” and
                “registration” shall refer to a registration effected by
                preparing and filing the Registration Statement, and the declaration
                or
                ordering of the effectiveness of such registration
                statement;

            

    

    

    
      	
               

            	
              (g)

            	
              “Registration
                Expenses” shall mean all expenses incurred in effecting any
                registration pursuant to this Agreement, including, without limitation,
                all registration, qualification and filing fees, printing expenses,
                escrow
                fees, fees and disbursements of counsel for the Company, blue sky
                fees and
                expenses, fees and disbursements of counsel for the Holders (which
                shall
                not exceed US$10,000) and expenses of any regular or special audits
                incident to or required by any such registration, but shall not include
                Selling Expenses, and the compensation of regular employees of the
                Company, which shall be paid in any event by the
                Company;

            

    

    

    
      	
               

            	
              (h)

            	
              “Registration
                Statement” shall mean the registration statement filed pursuant
                to the Securities Act relating to the resale of the Registrable Securities
                by the Holders, and all amendments and supplements to such Registration
                Statement, including pre- and post-effective
                amendments;

            

    

    

    
      	
               

            	
              (i)

            	
              “Rule
                144” shall mean Rule 144 as promulgated by the Commission under
                the Securities Act, as such Rule may be amended from time to time,
                or any
                similar successor rule that may be promulgated by the
                Commission;

            

    

    

    
      	
               

            	
              (j)

            	
              “Securities
                Act” shall mean the United States Securities Act of
                1933, as amended;

            

    

    

    
      	
               

            	
              (k)

            	
              “Selling
                Expenses” shall mean all underwriting discounts, selling
                commissions and stock transfer taxes applicable to the sale of Registrable
                Securities; and

            

    

    

    
      	
               

            	
              (l)

            	
              “Subscribers”
                shall mean the persons buying Registrable Securities pursuant to
                subscription agreements in the form agreed upon by the Agents and
                the
                Company.

            

    

    

    1.2           Registration

    

    (a)           The
      Company covenants to prepare and file with the Commission, as promptly as
      practicable following the Closing and in any event within 60 days after the
      Closing, a Registration Statement for an offering to be made on a continuous
      shelf basis following the date of effectiveness covering the resale of the
      Registrable Securities by the Holders.  The Registration Statement
      shall be on Form S-3 under the Securities Act or another appropriate form
      selected by the Company permitting registration of the resale of the Registrable
      Securities by the Holders from time to time.  The Company shall use
      its reasonable best efforts to cause the Registration Statement to become
      effective pursuant to the Securities Act within 90 days after the
      Closing.

    

    (b)           The
      Registration Statement shall not be deemed to have become effective under the
      Securities Act (i) unless it has been filed and has been declared effective
      under the Securities Act by the Commission and remains effective pursuant to
      the
      Securities Act with respect to the disposition of all Registrable Securities
      on
      a continuous shelf basis until all such Registrable Securities are sold or
      cease
      to be Registrable Securities, or (ii) if the offering of the Registrable
      Securities pursuant to such Registration Statement is interfered with by any
      stop order, cease trade order, injunction or other order or requirement of
      the
      Commission or any other governmental agency, court or stock
      exchange.

    

    1.3           Expenses
      of Registration.  The Company shall pay all Registration
      Expenses whether or not such registration shall become effective.

    

    1.4           Registration
      Procedures.  In the case of the registration effected by the
      Company pursuant to this Agreement, the Company will keep each Holder advised
      in
      writing as to the initiation of such registration and as to the completion
      thereof.  At its expense, the Company will use its best efforts
      to:

    

    
      	
               

            	
              (a)

            	
              Keep
                such registration effective until all such Registrable Securities
                are sold
                or cease to be Registrable
                Securities;

            

    

    

    
      	
               

            	
              (b)

            	
              Prepare
                and file with the Commission such amendments and supplements to such
                Registration Statement and the prospectus used in connection with
                such
                registration statement as may be necessary to comply with the provisions
                of the Securities Act with respect to the disposition of all Registrable
                Securities covered by such Registration
                Statement;

            

    

    

    
      	
               

            	
              (c)

            	
              Furnish
                such number of prospectuses and other documents incident thereto,
                including any amendment of or supplement to the prospectus, as a
                Holder
                from time to time may reasonably
                request;

            

    

    

    
      	
               

            	
              (d)

            	
              Notify
                each seller of Registrable Securities covered by such Registration
                Statement at any time when a prospectus relating thereto is required
                to be
                delivered under the Securities Act of the happening of any event
                as a
                result of which the prospectus included in such registration statement,
                as
                then in effect, (i) no longer meets the requirements of Section 10(a)(3)
                of the Securities Act, or (ii) includes an untrue statement of a
                material
                fact or omits to state a material fact required to be stated therein
                or
                necessary to make the statements therein not misleading or incomplete
                in
                the light of the circumstances then existing, and that offers and
                sales of
                Registrable Securities in reliance on the prospectus included in
                the
                Registration Statement must cease.  At the request of any such
                seller, the Company shall prepare and furnish to such seller a reasonable
                number of copies of a supplement to or an amendment of such prospectus
                as
                may be necessary so that, as thereafter delivered to the purchasers
                of
                such shares, such prospectus used shall meet the requirements of
                Section
                10(a)(3) of the Securities Act, or not include an 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 not misleading
                or
                incomplete in the light of the circumstances then
                existing;

            

    

    

    
      	
               

            	
              (e)

            	
              Cause
                all such Registrable Securities registered pursuant hereunder to
                be listed
                on each securities exchange on which similar securities issued by
                the
                Company are then listed;

            

    

    

    
      	
               

            	
              (f)

            	
              Use
                its best efforts to obtain all other approvals, consents, exemptions
                or
                authorizations from such governmental agencies or authorities as
                may be
                necessary to enable the Holders to consummate the disposition of
                the
                Registrable Securities;

            

    

    

    
      	
               

            	
              (g)

            	
              Provide
                a transfer agent and registrar for all Registrable Securities registered
                pursuant to the Registration Statement and a CUSIP number for all
                such
                Registrable Securities, in each case not later than the effective
                date of
                such registration;

            

    

    

    
      	
               

            	
              (h)

            	
              Otherwise
                use its best efforts to comply with all applicable rules and regulations
                of the Commission, and make available to its security holders, as
                soon as
                reasonably practicable, an earnings statement covering the period
                of at
                least 12 months, but not more than 18 months, beginning with the
                first
                month after the effective date of the Registration Statement, which
                earnings statement shall satisfy the provisions of Section 11(a)
                of the
                Securities Act;

            

    

    

    
      	
               

            	
              (i)

            	
              Subject
                to compliance with the requirements of the Securities Act, cooperate
                with
                the Holders to facilitate the timely preparation and delivery of
                certificates not bearing any restrictive legends representing the
                Registrable Securities sold pursuant to the Registration Statement,
                and
                cause such Registrable Securities to be issued in such denominations
                and
                registered in such names in accordance with instructions of the Holders
                that are provided to the Company;

            

    

    

    
      	
               

            	
              (j)

            	
              In
                connection with any underwritten offering pursuant to a registration
                statement filed pursuant to Section 1 hereof, the Company will enter
                into
                an underwriting agreement with an underwriter selected and retained
                by the
                selling security holders, and reasonably acceptable to the Company
                in its
                discretion, in form reasonably necessary to effect the offer and
                sale of
                common shares, provided such underwriting agreement contains reasonable
                and customary provisions; and

            

    

    

    
      	
               

            	
              (k)

            	
              Furnish,
                on the date that such Registrable Securities are delivered to the
                underwriters for sale, if such securities are being sold through
                underwriters or, if such securities are not being sold through
                underwriters, on the date that the Registration Statement becomes
                effective, (i) an opinion, dated as of such date, of the counsel
                representing the Company for the purposes of such registration, in
                form
                and substance as is customarily given to underwriters in a underwritten
                public offering, and (ii) a letter, dated as of such date, from the
                independent certified public accountants of the Company, in form
                and
                substance as is customarily given by the Company’s independent registered
                public accountants to underwriters in an underwritten public offering,
                addressed to the underwriters, if any, and if permitted by applicable
                accounting standards, to the Holders participating in such
                registration.

            

    

    

    1.5           Indemnification.

    

    
      	
              (a)

            	
              The
                Company will indemnify each Holder, each of its officers, directors
                and
                partners, legal counsel, and accountants and each person controlling
                such
                Holder within the meaning of Section 15 of the Securities Act, with
                respect to which registration, qualification or compliance has been
                effected pursuant to this Agreement, and each underwriter, if any,
                and
                each person who controls within the meaning of Section 15 of the
                Securities Act any underwriter, against all expenses, claims, losses,
                damages, and liabilities (or actions, proceedings or settlements
                in
                respect thereof) arising out of or based on any untrue statement
                (or
                alleged untrue statement) of a material fact contained in any prospectus
                or other document (including any related registration statement,
                notification or the like) incident to any such registration, qualification
                or compliance, or based on any omission (or alleged omission) to
                state
                therein a material fact required to be stated therein or necessary
                to make
                the statements therein not misleading, or any violation by the Company
                of
                the Securities Act or any rule or regulation thereunder applicable
                to the
                Company and relating to action or inaction required of the Company
                in
                connection with any such registration, qualification or compliance,
                and
                will reimburse each such Holder, each of its officers, directors,
                partners, legal counsel, and accountants and each person controlling
                such
                Holder, each such underwriter, and each person who controls any such
                underwriter, for any legal and any other expenses reasonably incurred
                in
                connection with investigating and defending or settling any such
                claim,
                loss, damage, liability or action, provided that the Company will
                not be
                liable in any such case to the extent that any such claim, loss,
                damage,
                liability or expense arises out of or is based on any untrue statement
                or
                omission based upon written information furnished to the Company
                by such
                Holder or underwriter and stated to be specifically for use
                therein.  It is agreed that the indemnity agreement contained in
                this Section 1.5 shall not apply to amounts paid in settlement of
                any such
                loss, claim, damage, liability or action if such settlement is effected
                without the consent of the Company (which consent shall not be
                unreasonably withheld).

            

    

    

    
      	
              (b)

            	
              Each
                Holder will, if Registrable Securities held by such Holder are included
                in
                the securities as to which such registration, qualification or compliance
                is being effected, indemnify the Company, each of its directors,
                officers,
                partners, legal counsel, and accountants and each underwriter, if
                any, of
                the Company’s securities covered by such a registration statement, each
                person who controls the Company or such underwriter within the meaning
                of
                Section 15 of the Securities Act, each other such Holder, and each
                of
                their officers, directors, and partners, and each person controlling
                such
                Holder, against all claims, losses, damages and liabilities (or actions
                in
                respect thereof) arising out of or based on any untrue statement
                (or
                alleged untrue statement) of a material fact contained in any such
                registration statement, prospectus or other document, or any omission
                (or
                alleged omission) to state therein a material fact required to be
                stated
                therein or necessary to make the statements therein not misleading,
                and
                will reimburse the Company and such Holders, directors, officers,
                partners, legal counsel, and accountants, persons, underwriters,
                or
                control persons for any legal or any other expenses reasonably incurred
                in
                connection with investigating or defending any such claim, loss,
                damage,
                liability or action, in each case to the extent, but only to the
                extent,
                that such untrue statement (or alleged untrue statement) or omission
                (or
                alleged omission) is made in such registration statement, prospectus
                or
                other document in reliance upon and in conformity with written information
                furnished to the Company by such Holder and stated to be specifically
                for
                use therein provided, however, that the obligations of such Holder
                hereunder shall not apply to amounts paid in settlement of any such
                claims, losses, damages or liabilities (or actions in respect thereof)
                if
                such settlement is effected without the consent of such Holder (which
                consent shall not be unreasonably withheld); and provided that in
                no event
                shall any indemnity under this Section 1.5 exceed the gross proceeds
                from
                the offering received by such
                Holder.

            

    

    

    
      	
              (c)

            	
              Each
                party entitled to indemnification under this Section 1.5 (the
                “Indemnified Party”) shall give notice to the party
                required to provide indemnification (the “Indemnifying
                Party”) promptly after such Indemnified Party has actual
                knowledge of any claim as to which indemnity may be sought, and shall
                permit the Indemnifying Party to assume the defense of such claim
                or any
                litigation resulting therefrom, provided that counsel for the Indemnifying
                Party, who shall conduct the defense of such claim or any litigation
                resulting therefrom, shall be approved by the Indemnified Party (whose
                approval shall not be unreasonably withheld), and the Indemnified
                Party
                may participate in such defense at such party’s expense, and provided
                further that the failure of any Indemnified Party to give notice
                as
                provided herein shall not relieve the Indemnifying Party of its
                obligations under this Section 1.5, to the extent such failure is
                not
                prejudicial.  No Indemnifying Party, in the defense of any such
                claim or litigation, shall, except with the consent of each Indemnified
                Party, consent to entry of any judgment or enter into any settlement
                that
                does not include as an unconditional term thereof the giving by the
                claimant or plaintiff to such Indemnified Party of a release from
                all
                liability in respect to such claim or litigation.  Each
                Indemnified Party shall furnish such information regarding itself
                or the
                claim in question as an Indemnifying Party may reasonably request
                in
                writing and as shall be reasonably required in connection with the
                defense
                of such claim and litigation resulting
                therefrom.

            

    

    

    
      	
              (d)

            	
              If
                the indemnification provided for in this Section 1.5 is held by a
                court of
                competent jurisdiction to be unavailable to an Indemnified Party
                with
                respect to any loss, liability, claim, damage or expense referred
                to
                therein, then the Indemnifying Party, in lieu of indemnifying such
                Indemnified Party hereunder, shall contribute to the amount paid
                or
                payable by such Indemnified Party as a result of such loss, liability,
                claim, damage or expense in such proportion as is appropriate to
                reflect
                the relative fault of the Indemnifying Party on the one hand and
                of the
                Indemnified Party on the other in connection with the statements
                or
                omissions that resulted in such loss, liability, claim, damage or
                expense
                as well as any other relevant equitable considerations.  The
                relative fault of the Indemnifying Party and of the Indemnified Party
                shall be determined by reference to, among other things, whether
                the
                untrue or alleged untrue statement of a material fact or the omission
                to
                state a material fact relates to information supplied by the Indemnifying
                Party or by the Indemnified Party and the parties’ relative intent,
                knowledge, access to information and opportunity to correct or prevent
                such statement or omission.

            

    

    

    
      	
              (e)

            	
              Notwithstanding
                the foregoing, to the extent that the provisions on indemnification
                and
                contribution contained in the underwriting agreement entered into
                in
                connection with the underwritten public offering are in conflict
                with the
                foregoing provisions, the provisions in the underwriting agreement
                shall
                control.

            

    

    

    1.6           Information
      by Holder.  Each Holder shall furnish to the Company such
      information regarding such Holder and the distribution proposed by such Holder
      as the Company may reasonably request in writing and as shall be reasonably
      required in connection with any registration, qualification or compliance
      referred to in this Agreement.

    

    1.7           Rule
      144 Reporting.  With a view to making available the benefits
      of certain rules and regulations of the Commission that may permit the sale
      of
      the Registrable Securities to the public without registration, the Company
      agrees to use its best efforts to:

    

    
      	
               

            	
              (a)

            	
              File
                with the Commission in a timely manner all reports and other documents
                required of the Company under the Securities Act and the Exchange
                Act at
                any time it is subject to such reporting requirements;
                and

            

    

    

    
      	
               

            	
              (b)

            	
              So
                long as a Holder owns any Registrable Securities, furnish to the
                Holder
                forthwith upon written request a written statement by the Company
                as to
                its compliance with the reporting requirements of Rule 144, and of
                the
                Securities Act and the Exchange Act, a copy of the most recent annual
                or
                quarterly report of the Company, and such other reports and documents
                so
                filed as a Holder may reasonably request in availing itself of any
                rule or
                regulation of the Commission allowing a Holder to sell any such securities
                without registration.

            

    

    

    1.8           Transfer
      or Assignment of Registration Rights.  The registration
      rights granted to a Holder by the Company under this Agreement may be
      transferred or assigned by a Holder provided that the Company is given written
      notice at the time of or within a reasonable time after said transfer or
      assignment, stating the name and address of the transferee or assignee and
      identifying the Registrable Securities being transferred or
      assigned.  Such transferees (other than transferees that acquire the
      Registrable Securities in a registered public offering or pursuant to a sale
      under Rule 144) shall automatically be entitled to receive the benefits of
      and
      be conclusively deemed to have agreed to be bound by the terms and provisions
      of
      this Agreement as if it were a party hereto, and shall be deemed to be Holders
      under this Agreement.

    

    1.9           Delay
      of Registration.  No Holder shall have any right to take any
      action to restrain, enjoin or otherwise delay any registration as the result
      of
      any controversy that might arise with respect to the interpretation or
      implementation of this Section 1.

    

    2.           COVENANTS
      OF THE COMPANY.

    

    The
      Company hereby covenants and agrees, so long as any Holder owns any Registrable
      Securities, as follows:

    

    2.1           Maintain
      Listing.  The Company covenants that, once it has registered
      the Registrable Securities under the Securities Act, it shall use its reasonable
      best efforts to maintain the listing of such securities on each stock exchange
      or quotation system on which such securities are listed or quoted.

    

    3.           MISCELLANEOUS.

    

    3.1           Governing
      Law.  This Agreement shall be governed by and be construed in
      accordance with the laws of the State of Delaware and the laws of the United
      States of America applicable therein and the parties hereto irrevocably attorn
      to the jurisdiction of the courts of the State of Delaware.

    

    3.2           Third
      Party Beneficiaries.  Each Holder (other than the Agents)
      shall be a beneficiary of this Agreement and entitled to all of the rights
      and
      benefits of this Agreement as if such Holder was a party and signatory to this
      Agreement and shall, for all purposes, be deemed a Holder under this
      Agreement.  If the Company shall so request, each Holder (other than
      the Agents) shall agree in writing to be subject to all of the terms
      hereof.

    

    3.3           Successors
      and Assigns.  Except as otherwise expressly provided herein,
      the provisions hereof shall inure to the benefit of, and be binding upon, the
      successors, assigns, heirs, executors and administrators of the parties
      hereto.

    

    3.4           Entire
      Agreement; Amendment; Waiver.  This Agreement (including the
      Exhibit hereto) constitutes the full and entire understanding and agreement
      between the parties with regard to the subjects hereof.  Neither this
      Agreement nor any term hereof may be amended, waived, discharged or terminated,
      except by a written instrument signed by the Company and the holders of at
      least
      50% of the Registrable Securities and any such amendment, waiver, discharge
      or
      termination shall be binding on all the Holders, but in no event shall the
      obligation of any Holder hereunder be materially increased, except upon the
      written consent of such Holder.  This Agreement may be amended to add
      additional stockholders as parties hereto with the consent of the Company
      only.

    

    3.5           Notices,
      etc.  All notices and other communications required or
      permitted hereunder shall be in writing and shall be mailed by United States
      first-class mail, postage prepaid, sent by facsimile or delivered personally
      by
      hand or nationally recognized courier addressed (a) if to a Holder, as indicated
      on the list of Holders attached hereto as Exhibit “A”, or at such other address
      or facsimile number as such holder or permitted assignee shall have furnished
      to
      the Company in writing, or (b) if to the Company, at such address or facsimile
      number as the Company shall have furnished to each Holder in
      writing.  All such notices and other written communications shall be
      effective on the date of mailing, confirmed facsimile transfer or
      delivery.

    

    3.6           Delays
      or Omissions.  No delay or omission to exercise any right,
      power or remedy accruing to any Holder, upon any breach or default of the
      Company under this Agreement shall impair any such right, power or remedy of
      such Holder nor shall it be construed to be a waiver of any such breach or
      default, or an acquiescence therein, or of or in any similar breach or default
      thereafter occurring; nor shall any waiver of any single breach or default
      be
      deemed a waiver of any other breach or default therefore or thereafter
      occurring.  Any waiver, permit, consent or approval of any kind or
      character on the part of any Holder of any breach or default under this
      Agreement or any waiver on the part of any Holder of any provisions or
      conditions of this Agreement must be made in writing and shall be effective
      only
      to the extent specifically set forth in such writing.  All remedies,
      either under this Agreement or by law or otherwise afforded to any Holder,
      shall
      be cumulative and not alternative.

    

    3.7           Rights;
      Severability.  Unless otherwise expressly provided herein, a
      Holder’s rights hereunder are several rights, not rights jointly held with any
      of the other Holders.  In case any provision of the Agreement 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.

    

    3.8           Information
      Confidential.  Each Holder acknowledges that the information
      received by them pursuant hereto may be confidential and for its use only,
      and
      it will not use such confidential information in violation of the Exchange
      Act
      or reproduce, disclose or disseminate such information to any other person
      (other than its employees or agents having a need to know the contents of such
      information, and its attorneys), except in connection with the exercise of
      rights under this Agreement, unless the Company has made such information
      available to the public generally or such Holder is required to disclose such
      information by a governmental body.

    

    3.9           Titles
      and Subtitles.  The titles of the paragraphs and
      subparagraphs of this Agreement are for convenience of reference only and are
      not to be considered in construing or interpreting this Agreement.

    

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                  -  -      

           
    

      

    

    3.10           Counterparts.  This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      an original, but all of which together shall constitute one
      instrument.

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Registration Rights
      Agreement effective as of the day and year first above written.

    

    

    GEOGLOBAL
      RESOURCES INC.

    

    

    Per:           /s/
      Allan J. Kent

    Authorized
      Signing
      Officer

    

    

    PRIMARY
      CAPITAL INC.

    

    

    Per:           /s/
      Barry Gordon

    Authorized
      Signing
      Officer

    

    

    JONES,
      GABLE & COMPANY LIMITED

    

    

    Per:           /s/
      Robb Hindson

    Authorized
      Signing
      Officer

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