Document:

FORM OF WARRANT AGREEMENT

 

Exhibit 4.3

[Form of Warrant Agreement for Warrants Sold Alone]

AMERADA HESS CORPORATION

and

[                                      
               ],

as Warrant Agent

[     
             
             
            
        ]

WARRANT AGREEMENT

Dated as of [           
           
          ]

                                              

Warrants to Purchase [               ]

                                              

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 	 	 	 	

	ARTICLE I

	ISSUANCE OF WARRANTS AND EXECUTION AND DELIVERY OF WARRANT CERTIFICATES
	 	 	1	 
	 
	 	 	 	 
	Section 1.01      Issuance of Warrants
	 	 	1	 
	Section 1.02      Execution and Delivery of Warrant Certificates
	 	 	2	 
	Section 1.03      Issuance of Warrant Certificates
	 	 	2	 
	 
	 	 	 	 
	ARTICLE II

	WARRANT PRICE, DURATION AND EXERCISE
	 	 	3	 
	 
	 	 	 	 
	Section 2.01      Warrant Price
	 	 	3	 
	Section 2.02      Duration of Warrants
	 	 	3	 
	Section 2.03      Exercise of Warrants
	 	 	4	 
	 
	 	 	 	 
	ARTICLE III

	OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF WARRANT
	 	 	5	 
	 
	 	 	 	 
	Section 3.01      No Rights as Warrant Securityholder Conferred by Warrants or Warrant Certificates
	 	 	5	 
	Section 3.02      Lost, Mutilated, Stolen or Destroyed Warrant Certificates
	 	 	5	 
	Section 3.03      Enforcement of Rights
	 	 	6	 
	Section 3.04      Merger, Consolidation, Conveyance or Transfer
	 	 	6	 
	 
	 	 	 	 
	ARTICLE IV

	EXCHANGE AND TRANSFER
	 	 	7	 
	 
	 	 	 	 
	Section 4.01      Exchange and Transfer
	 	 	7	 
	Section 4.02      Treatment of Holders of Warrant Certificates
	 	 	7	 
	Section 4.03      Cancellation of Warrant Certificates
	 	 	7	 
	 
	 	 	 	 
	ARTICLE V

	CONCERNING THE WARRANT AGENT
	 	 	8	 
	 
	 	 	 	 
	Section 5.01      Warrant Agent
	 	 	8	 
	Section 5.02      Conditions of Warrant Agent’s Obligations
	 	 	8	 
	Section 5.03      Resignation and Appointment of Successor
	 	 	10	 
	 
	 	 	 	 
	ARTICLE VI

	MISCELLANEOUS
	 	 	11	 
	 
	 	 	 	 
	Section 6.01      Amendment
	 	 	11	 
	Section 6.02      Notices and Demands to the Company and Warrant Agent
	 	 	11	 
	Section 6.03       Addresses
	 	 	11	 

(i)

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 	 	 	 	

	Section 6.04      Applicable Law
	 	 	12	 
	Section 6.05      Delivery of Prospectus
	 	 	12	 
	Section 6.06      Obtaining of Governmental Approval
	 	 	12	 
	Section 6.07      Persons Having Rights Under Warrant Agreement
	 	 	12	 
	Section 6.08      Headings
	 	 	12	 
	Section 6.09      Counterparts
	 	 	12	 
	Section 6.10      Inspection of Agreement
	 	 	12	 
	Section 6.11      Notices to Holders of Warrants
	 	 	12	 
	 
	 	 	 	 
	EXHIBIT A      -      Form of Warrant Certificate
	 	 	 	 

(ii)

 

WARRANT AGREEMENT1

     THIS AGREEMENT dated as of [                    ] between
AMERADA HESS CORPORATION, a corporation duly organized and existing under the
laws of the State of Delaware (the “Company”), and [                    ], a [bank] [trust company] duly incorporated and existing under the laws of
[                    ], as Warrant Agent (the “Warrant Agent”).

W I T N E S S E T H :

     [WHEREAS,
the Company has entered into an Indenture dated as of
[                    ]
(the
“            Indenture”) among the Company, as issuer,
and JPMorgan Chase, as Trustee (the “            Indenture Trustee”), and an
Indenture dated as of
[                    ]
(the
“               
Indenture”) among the Company and JPMorgan Chase, as Trustee
(the
“                
Indenture Trustee”) (together the “Trustees” or “Trustee” and “Indentures” or
“Indenture”), providing for the issuance from time to time of its unsecured
debt securities to be issued in one or more series as provided in the
Indenture; and]

     WHEREAS, the Company proposes to sell [title of such securities being
offered] (the “Offered Securities”) with one or more warrants (the “Warrants”)
representing the right to purchase [title of such securities purchasable
through exercise of Warrants] (the “Warrant Securities”), the Warrants to be
evidenced by warrant certificates issued pursuant to this Agreement (the
“Warrant Certificates”); and

     WHEREAS, the Company desires the Warrant Agent to act on behalf of the
Company in connection with the issuance, transfer, exchange, exercise and
replacement of the Warrant Certificates, and in this Agreement wishes to set
forth, among other things, the form and provisions of the Warrant Certificates
and the terms and conditions on which they may be issued, transferred,
exchanged, exercised and replaced;

     NOW, THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the parties hereto agree as follows:

Article I

ISSUANCE OF WARRANTS AND EXECUTION AND

DELIVERY OF WARRANT CERTIFICATES

     Section 1.01    Issuance
of Warrants.   The Warrants shall be evidenced by one
or more Warrant Certificates. Each Warrant evidenced thereby shall represent
the right, subject to the provisions contained herein
and therein, to purchase [                   shares of the Warrant Securities]
[aggregate principal amount of Warrant Securities].

	1	 	Complete or modify the provisions of this form as appropriate to reflect the terms of the Warrants and Warrant
Securities.

 

 

     Section 1.02 Execution and Delivery of Warrant Certificates. Each
Warrant, whenever issued, shall be evidenced by a Warrant Certificate in
registered form substantially in the form set forth in Exhibit A hereto, shall
be dated and may have such letters, numbers or other marks of identification or
designation and such legends or endorsements printed, lithographed or engraved
thereon as the officers of the Company executing the same may approve
(execution thereof to be conclusive evidence of such approval) and as are not
inconsistent with the provisions of this Agreement, or as may be required to
comply with any law or with any rule or regulation made pursuant thereto or
with any rule or regulation of any stock exchange on which the Warrants may be
listed, or to conform to usage. The Warrant Certificates shall be signed on
behalf of the Company by any officer authorized by the Board of Directors, in
each case under its corporate seal, which may but need not be attested by its
Secretary or one of its Assistant Secretaries. Such signatures may be manual
or facsimile signatures of such authorized officers and may be imprinted or
otherwise reproduced on the Warrant Certificates. The corporate seal of the
Company may be in the form of a facsimile thereof and may be impressed,
affixed, imprinted or otherwise reproduced on the Warrant Certificates.

     No Warrant Certificate shall be valid for any purpose, and no Warrant
evidenced thereby shall be exercisable, until such Warrant Certificate has been
countersigned by the Warrant Agent by manual signature. Such signature by the
Warrant Agent upon any Warrant Certificate executed by the Company shall be
conclusive evidence, and the only evidence, that the Warrant Certificate so
countersigned has been duly issued hereunder.

     In case any officer of the Company who shall have signed any of the
Warrant Certificates either manually or by facsimile signature shall cease to
be such officer before the Warrant Certificates so signed shall have been
countersigned and delivered by the Warrant Agent, such Warrant Certificates may
be countersigned and delivered notwithstanding that the person who signed such
Warrant Certificates ceased to be such officer of the Company; and any Warrant
Certificate may be signed on behalf of the Company by such persons as, at the
actual date of the execution of such Warrant Certificate, shall be the proper
officers of the Company, although at the date of the execution of this
Agreement any such person was not such officer.

     The term “Holder”, when used with respect to any Warrant Certificate shall
mean any person in whose name at the time such Warrant Certificate shall be
registered upon the books to be maintained by the Warrant Agent for that
purpose.

     Section 1.03 Issuance of Warrant Certificates. Warrant Certificates
evidencing the right to purchase [                   shares of the Warrant Securities] [an
aggregate principal amount not exceeding aggregate principal amount of Warrant
Securities] (except as provided in Sections 2.03, 3.02 and 4.01) may be
executed by the Company and delivered to the Warrant Agent upon the execution
of this Warrant Agreement or from time to time thereafter. The Warrant Agent
shall, upon receipt of Warrant Certificates duly
executed on behalf of the Company, countersign Warrant Certificates
evidencing Warrants representing the right to purchase up to [                   
shares of
the Warrant Securities] [$                           aggregate principal amount of Warrant
Securities] and shall deliver such Warrant Certificates to or upon the order of
the Company. Subsequent to such original issuance of the Warrant Certificates,
the Warrant Agent shall countersign a Warrant Certificate only if the Warrant
Certificate is issued in exchange or substitution for one or more

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previously
countersigned Warrant Certificates or in connection with their transfer as
hereinafter provided or as provided in the antepenultimate paragraph of Section
2.03.

     Pending the preparation of definitive Warrant Certificates evidencing
Warrants, the Company may execute and the Warrant Agent shall countersign and
deliver temporary Warrant Certificates evidencing such Warrants (printed,
lithographed, typewritten or otherwise produced, in each case in form
satisfactory to the Warrant Agent). Such temporary Warrant Certificates shall
be issuable substantially in the form of the definitive Warrant Certificates
but with such omissions, insertions and variations as may be appropriate for
temporary Warrant Certificates, all as may be determined by the Company with
the concurrence of the Warrant Agent. Such temporary Warrant Certificates may
contain such reference to any provisions of this Warrant Agreement as may be
appropriate. Every such temporary Warrant Certificate shall be executed by the
Company and shall be countersigned by the Warrant Agent upon the same
conditions and in substantially the same manner, and with like effect, as the
definitive Warrant Certificates. Without unreasonable delay, the Company shall
execute and shall furnish definitive Warrant Certificates and thereupon such
temporary Warrant Certificates may be surrendered in exchange therefor without
charge pursuant to and subject to the provisions of Section 4.01, and the
Warrant Agent shall countersign and deliver in exchange for such temporary
Warrant Certificates definitive Warrant Certificates of authorized
denominations evidencing a like aggregate number of Warrants evidenced by such
temporary Warrant Certificates. Until so exchanged, such temporary Warrant
Certificates shall be entitled to the same benefits under this Warrant
Agreement as definitive Warrant Certificates.

Article II

WARRANT PRICE, DURATION AND EXERCISE

     Section 2.01 Warrant Price. On [                    ], the
exercise price of each Warrant will be $[                    ].
During the period from [                    ], through and including
[                    ],
[                    ],
the exercise price of each Warrant will be $[                    ]
[plus [accrued amortization of the original issue discount] [accrued
interest] from [                    ].]
On [                    ], the exercise price of each Warrant will be
$[                    ]. During the period
from [                    ], through and
including [                    ], the exercise price of each Warrant
will be [plus [accrued amortization of the original issue discount] [accrued
interest] from [                    ].] [In each case, the original
issue discount will be amortized at a      % annual rate, computed on an annual
basis using the “interest” method and using a 360-day year consisting of twelve
30-day months]. Such exercise price of Warrant Securities is referred to in
this Agreement as the
“Warrant Price”. [The original issue discount for each principal amount
of Warrant Securities is $                   .]

     Section 2.02 Duration of Warrants. Subject to Section 4.03(b), each
Warrant may be exercised [in whole but not in part] [in whole or in part] [at
any time, as specified herein, on or after [the date thereof] [          ], and at or
before [time, location] on [          ] (each day during such period may hereinafter
be referred to as an “Exercise Date”)] [on [list of specific dates] (each, an
“Exercise Date”)], or such later date as the Company may designate by notice to
the Warrant

-3-

 

Agent and the Holders of Warrant Certificates [in registered form
and to the beneficial owners of the Global Warrant Certificate] (the
“Expiration Date”). Each Warrant not exercised at or before [time, location]
on the Expiration Date shall become void, and all rights of the Holder [and any
beneficial owners] of the Warrant Certificate evidencing such Warrant under
this Agreement shall cease.

     Section 2.03 Exercise of Warrants. [With respect to Warrants evidenced by
Warrant Certificates in registered form, during] [During] the period specified
in Section 2.02, any whole number of Warrants may be exercised by providing
certain information as set forth on the reverse side of the Warrant
Certificates evidencing such Warrants and by paying in full in lawful money of
the United States of America [in cash] [by certified check or official bank
check or by bank wire transfer, in each case,] [by bank wire transfer] [in
immediately available funds,] the Warrant Price for each Warrant exercised
[(plus accrued interest, if any, on the Warrant Securities to be issued upon
exercise of such Warrant from and including the Interest Payment Date (as
defined in the Indenture), if any, in respect of such Warrant Securities
immediately preceding the Exercise Date to and including the Exercise Date
(unless the Exercise Date is after the Regular Record Date (as defined in the
Indenture), if any, for such Interest Payment Date, but on or before the
immediately succeeding Interest Payment Date for such Warrant Securities, in
which event no such accrued interest shall be payable))] to the Warrant Agent
at its corporate trust office at [address] [or at ], provided that such
exercise is subject to receipt within five business days of such [payment]
[wire transfer] by the Warrant Agent of the Warrant Certificate evidencing each
Warrant exercised with the form of election to purchase Warrant Securities set
forth on the reverse side of the Warrant Certificate properly completed and
duly executed. [Cashless Exercise Option].

     The date on which payment in full of the Warrant Price (plus any such
accrued interest) is received by the Warrant Agent shall, subject to receipt of
the Warrant Certificate as aforesaid, be deemed to be the date on which the
Warrant is exercised. The Warrant Agent shall deposit all funds received by it
in payment for the exercise of Warrants in an account of the Company maintained
with it (or in such other account as may be designated by the Company) and
shall advise the Company, by telephone or by facsimile transmission or other
form of electronic communication available to both parties, at the end of each
day on which a payment for the exercise of Warrants is received of the amount
so deposited to its account. The Warrant Agent shall promptly confirm such
advice to the Company in writing.

     If a day on which Warrants may be exercised in the city in which such
Warrants are to be exercised shall be a Saturday or Sunday or a day on which
banking institutions in such city are authorized or required to be closed,
then, notwithstanding any other provision of this Agreement or the Warrant
Certificate evidencing such Warrants, but subject to the limitation that no
Warrant may be exercised after the Expiration Date, the Warrants shall be
exercisable on the next succeeding day which in such city is not a Saturday or
Sunday or a day on which banking institutions in such city are authorized or
required to be closed.

     The Warrant Agent shall, from time to time, as promptly as practicable,
advise the Company [and the Trustee] in writing of (i) the number of Warrants
exercised, (ii) the instructions of each Holder of the Warrant Certificates
evidencing such Warrants with respect to delivery of the Warrant Securities to
be issued upon such exercise, (iii) delivery of any Warrant

-4-

 

Certificates
evidencing the balance, if any, of the Warrants remaining after such exercise,
and (iv) such other information as the Company or the Trustee shall reasonably
require.

     As soon as practicable after the exercise of any Warrant , but subject to
receipt by the Warrant Agent of the Warrant Certificate evidencing such Warrant
as provided in this Section, the Company shall issue[, pursuant to the
Indenture, in authorized denominations to or upon the order of the Holder of
the Warrant Certificate evidencing each Warrant, ] the Warrant Securities to
which such Holder is entitled, in fully registered form, registered in such
name or names as may be directed by such Holder. If fewer than all of the
Warrants evidenced by such Warrant Certificate are exercised, the Company shall
execute, and an authorized officer of the Warrant Agent shall manually
countersign and deliver, a new Warrant Certificate evidencing the number of
such Warrants remaining unexercised.

     The Company shall not be required to pay any stamp or other tax or other
governmental charge required to be paid in connection with any transfer
involved in the issuance of the Warrant Securities, and in the event that any
such transfer is involved, the Company shall not be required to issue or
deliver any Warrant Security until such tax or other charge shall have been
paid or it has been established to the Company’s satisfaction that no such tax
or other charge is due.

Article III

OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF WARRANT

     Section 3.01 No Rights as Warrant Securityholder Conferred by Warrants or
Warrant Certificates. No Warrant Certificate or Warrant evidenced thereby
shall entitle the Holder of any beneficial owner thereof to any of the rights
of a holder or beneficial owner of Warrant Securities, including, without
limitation, [the right to receive the payment of principal of (premium, if any)
or interest, if any, on Warrant Securities or to enforce any of the covenants
in the Indenture] [the right to receive dividend payments on the Warrant
Securities or any voting rights].

     Section 3.02 Lost, Mutilated, Stolen or Destroyed Warrant Certificates. Upon receipt by the Warrant Agent of evidence reasonably satisfactory
to it and the Company of the ownership of and the loss, mutilation, theft or
destruction of any Warrant Certificate and of such security or indemnity as may
be required by the Company and the Warrant Agent to hold each of them and any
agent of them harmless and, in the case of mutilation of a Warrant Certificate,
upon surrender thereof to the Warrant Agent for cancellation, then, in the
absence of notice to the Company or the Warrant Agent that such Warrant
Certificate has been acquired by a bona fide purchaser, the Company shall
execute, and an authorized officer of the Warrant Agent shall manually
countersign and deliver, in exchange for or in lieu of the lost, mutilated,
stolen or destroyed Warrant Certificate, a new Warrant Certificate of the same
tenor and evidencing a like number of Warrants. Upon the issuance of any new
Warrant Certificate under this Section, the Company may require the payment of
a sum sufficient to cover any stamp or other tax or other governmental charge
that may be imposed in relation thereto and any other expenses (including the
fees and expenses of the Warrant Agent) in connection therewith. Every
substitute Warrant

-5-

 

Certificate executed and delivered pursuant to this Section
in lieu of any lost, mutilated, stolen or destroyed Warrant Certificate shall
represent an additional contractual obligation of the Company, whether or not
the lost, stolen or destroyed Warrant Certificate shall be at any time
enforceable by anyone, and shall be entitled to the benefits of this Agreement
equally and proportionately with any and all other Warrant Certificates duly
executed and delivered hereunder. The provisions of this Section are exclusive
and shall preclude (to the extent lawful) all other rights and remedies with
respect to the replacement of lost, mutilated, stolen or destroyed Warrant
Certificates.

     Section 3.03 Enforcement of Rights. Notwithstanding any of the provisions
of this Agreement, any Holder of a Warrant Certificate, without the consent of
the Warrant Agent, the relevant Trustee, the holder of any Offered Securities
of the Holder of any other Warrant Certificate, may, in its own behalf and for
its own benefit, enforce, and may institute and maintain any suit , action or
proceeding against the Company suitable to enforce, or otherwise in respect of,
its right to exercise its Warrants in the manner provided in its Warrant
Certificate and in this Agreement.

     Section 3.04 Merger, Consolidation, Conveyance or Transfer. (a) If at
any time there shall be a merger or consolidation of the Company or a sale,
conveyance, transfer, lease or other disposition of its property and assets
substantially as an entirety [as permitted under the Indenture], then in any
such event the successor or assuming corporation referred to therein shall
succeed to and be substituted for the Company, with the same effect[, subject
to the Indenture,] as if it had been named herein and in the Warrant
Certificates as the Company; the Company shall thereupon be discharged from all
obligations hereunder and under the Warrants and the Warrant Certificates.
Such successor or assuming corporation may thereupon cause to be signed, and
may issue either in its own name or in the name of the Company, Warrant
Certificates evidencing any or all of the Warrants issuable hereunder which
theretofore shall not have been signed by the Company, and may execute and
deliver Warrant Securities in its own name[, pursuant to the Indenture], in
fulfillment of its obligations to deliver Warrant Securities upon exercise of
the Warrants. All the Warrants so issued shall in all respects have the same
legal rank and benefit under this Agreement as the Warrants theretofore or
thereafter issued in accordance with the terms of this Agreement as
though all of such Warrants had been issued at the date of the execution
hereof. In any case of any such consolidation, sale, conveyance, transfer,
lease or other disposition such changes in phraseology and form (but not in
substance) may be made in the Warrant Certificates representing the Warrants
thereafter to be issued as may be appropriate.

     (b) The Warrant Agent may receive a written opinion of legal counsel (who
shall be acceptable to the Warrant Agent) as conclusive evidence that any such
merger, consolidation or transfer complies with the provisions of this Section
and the Indentures.

     [Add Anti-Dilution provisions as necessary.]

-6-

 

Article IV

EXCHANGE AND TRANSFER

     Section 4.01 Exchange and Transfer. (a) Upon surrender at the corporate
trust office of the Warrant Agent at [address] [or], Warrant Certificates
evidencing Warrants may be exchanged for Warrant Certificates in other
authorized denominations evidencing such Warrants or the transfer thereof may
be registered in whole or in part; provided, however, that such other Warrant
Certificates shall evidence the same aggregate number of Warrants as the
Warrant Certificates so surrendered.

     (b) The Warrant Agent shall keep, at its corporate trust office at
[address] [and at], books in which, subject to such reasonable regulations as
it may prescribe, it shall register Warrant Certificates and exchanges and
transfers of outstanding Warrant Certificates upon surrender of such Warrant
Certificates to the Warrant Agent at its corporate trust office at [address]
[or] for exchange or registration of transfer, properly endorsed [or
accompanied by appropriate instruments of registration of transfer and written
instructions for transfer, all in form satisfactory to the Company and the
Warrant Agent.]

     (c) No service charge shall be made for any exchange or registration of
transfer of Warrant Certificates, but the Company may require payment of a sum
sufficient to cover any stamp or other tax or other governmental charge that
may be imposed in connection with any such exchange or registration of transfer

     (d) Whenever any Warrant Certificates, are so surrendered for exchange or
registration of transfer, an authorized officer of the Warrant Agent shall
manually countersign and deliver to the person or persons entitled thereto a
Warrant Certificate or Warrant Certificates, duly authorized and executed by
the Company, as so requested. The Warrant Agent shall not effect any exchange
or registration of transfer which will result in the issuance of a Warrant
Certificate, evidencing a fraction of a Warrant or a number of full Warrants
and a fraction of a Warrant.

     (e) All Warrant Certificates, issued upon any exchange or registration of
transfer of Warrant Certificates shall be the valid obligations of the Company,
evidencing the same
obligations, and entitled to the same benefits under this Agreement, as
the Warrant Certificates surrendered for such exchange or registration or
transfer.

     Section 4.02 Treatment of Holders of Warrant Certificates. Each Holder of
a Warrant Certificate, by accepting the same, consents and agrees with the
Company, the Warrant Agent and every subsequent Holder of such Warrant
Certificate that until the transfer of such Warrant Certificate is registered
on the books of such Warrant Agent, the Company and the Warrant Agent may treat
the registered Holder of such Warrant Certificate as the absolute owner thereof
for any purpose and as the person entitled to exercise the rights represented
by the Warrants evidenced thereby, any notice to the contrary notwithstanding.

     Section 4.03 Cancellation of Warrant Certificates. (a) Any Warrant
Certificate surrendered for exchange or registration of transfer or exercise of
the Warrants evidenced

-7-

 

thereby shall, if surrendered to the Company, be
delivered to the Warrant Agent, and all Warrant Certificates surrendered or so
delivered to the Warrant Agent shall be promptly cancelled by the Warrant Agent
and shall not be reissued and, except as expressly permitted by this Agreement,
no Warrant Certificate shall be issued hereunder in exchange therefor or in
lieu thereof. The Warrant Agent shall cause all cancelled Warrant Certificates
to be destroyed and shall deliver a certificate of such destruction to the
Company.

     [(b) If the Company notifies the relevant Trustee of its election to
redeem [, as a whole but not in part,] the Warrant Securities pursuant to the
Indenture or the terms thereof, the Company may elect, and shall give notice to
the Warrant Agent of its election, to cancel the unexercised Warrants, the
Warrant Certificates and the rights evidenced thereby. Promptly after receipt
of such notice by the Warrant Agent, the Company shall, or, at the Company’s
request, the Warrant Agent shall in the name of and at the expense of the
Company, give notice of such cancellation to the Holders of the Warrant
Certificates, such notice to be so given not less than 30 nor more than 60 days
prior to the date fixed for the redemption of the Warrant Securities pursuant
to Indenture or the terms thereof. The unexercised Warrants, the Warrant
Certificates and the rights evidenced thereby shall be cancelled and become
void on the 15th day prior to such date fixed for redemption.]

Article V

CONCERNING THE WARRANT AGENT

     Section 5.01 Warrant Agent. The Company hereby appoints as Warrant Agent
of the Company in respect of the Warrants and the Warrant Certificates upon the
terms and subject to the conditions herein and in the Warrant Certificates set
forth; and hereby accepts such appointment. The Warrant Agent shall have the
powers and authority granted to and conferred upon it in the Warrant
Certificates and herein and such further powers and authority to act on behalf
of the Company as the Company may hereafter grant to or confer upon it. All of
the terms and provisions with
respect to such powers and authority contained in the Warrant Certificates
are subject to and governed by the terms and provisions hereof.

     Section 5.02 Conditions of Warrant Agent’s Obligations. The Warrant Agent
accepts its obligations herein set forth upon the terms and conditions hereof,
including the following, to all of which the Company agrees and to all of which
the rights hereunder of the Holders from time to time of the Warrant
Certificates shall be subject:

     (a) Compensation and Indemnification. The Company agrees promptly to pay
the Warrant Agent the compensation to be agreed upon with the Company for all
services rendered by the Warrant Agent and to reimburse the Warrant Agent for
reasonable out-of-pocket expenses (including reasonable attorneys’ fees)
incurred by the Warrant Agent without negligence, bad faith or breach of this
Agreement on its part in connection with the services rendered hereunder by the
Warrant Agent. The Company also agrees to indemnify the Warrant Agent for, and
to hold it harmless against, any loss, liability or expense incurred without
negligence or bad faith on the part of the Warrant Agent, arising out of or in
connection with its acting as Warrant Agent

-8-

 

hereunder, as well as the
reasonable costs and expenses of defending against any claim of such liability.

     (b) Agent for the Company. In acting under this Agreement and in
connection with the Warrants and the Warrant Certificates, the Warrant Agent is
acting solely as agent of the Company and does not assume any obligation or
relationship of agency or trust for or with any of the Holders of Warrant
Certificates or beneficial owners of Warrants.

     (c) Counsel. The Warrant Agent may consult with counsel satisfactory to
it in its reasonable judgment, and the advice of such counsel shall be full and
complete authorization and protection in respect of any action taken, suffered
or omitted by it hereunder in good faith and in accordance with the advice of
such counsel.

     (d) Documents. The Warrant Agent shall be protected and shall incur no
liability for or in respect of any action taken or thing suffered by it in
reliance upon any Warrant Certificate, notice, direction, consent, certificate,
affidavit, statement or other paper or document reasonably believed by it to be
genuine and to have been presented or signed by the proper parties.

     (e) Certain Transactions. The Warrant Agent, and its officers, directors
and employees, may become the owner of, or acquire any interest in, Warrants,
with the same rights that it or they would have if it were not the Warrant
Agent hereunder, and, to the extent permitted by applicable law, it or they may
engage or be interested in any financial or other transaction with the Company
and may act on, or as depositary, trustee or agent for, any committee or body
of holders of Warrant Securities or other obligations of the Company as freely
as if it were not the Warrant Agent hereunder. [Nothing in this Warrant
Agreement shall be deemed to prevent the Warrant Agent from acting as Trustee
under the Indenture.]

     (f) No Liability for Interest. The Warrant Agent shall have no liability
for interest on any monies at any time received by it pursuant to any of the
provisions of this Agreement or of the Warrant Certificates.

     (g) No Liability for Invalidity. The Warrant Agent shall not be under any
responsibility with respect to the validity or sufficiency of this Agreement or
the execution and delivery hereof (except the due authorization to execute this
Agreement and the due execution and delivery hereof by the Warrant Agent) or
with respect to the validity or execution of any Warrant Certificates (except
its countersignature thereof).

     (h) No Liability for Recitals. The recitals contained herein shall be
taken as the statements of the Company and the Warrant Agent assumes no
liability for the correctness of the same.

     (i) No Implied Obligations. The Warrant Agent shall be obligated to
perform only such duties as are herein and in the Warrant Certificates
specifically set forth and no implied duties or obligations shall be read into
this Agreement or the Warrant Certificates against the Warrant Agent. The
Warrant Agent shall not be under any obligation to take any action hereunder
which may tend to involve it in any expense or liability, the payment of which
within a reasonable time is not, in its reasonable opinion, assured to it. The
Warrant Agent shall not be accountable or under any duty or responsibility for
the use by the Company of any of the

-9-

 

Warrant Certificates countersigned by the
Warrant Agent and delivered by it to the Company pursuant to this Agreement or
for the application by the Company of the proceeds of the Warrant Certificates.
The Warrant Agent shall have no duty or responsibility in case of any default
by the Company in the performance of its covenants or agreements contained
herein or in the Warrant Certificates or in the case of the receipt of any
written demand from a Holder of a Warrant Certificate with respect to such
default, including, without limiting the generality of the foregoing, any duty
or responsibility to initiate or attempt to initiate any proceedings at law or
otherwise or, except as provided in Section 6.02, to make any demand upon the
Company.

     Section 5.03 Resignation and Appointment of Successor. (a) The Company
agrees, for the benefit of the Holders from time to time of the Warrant
Certificates, that there shall at all times be a Warrant Agent hereunder until
all the Warrants have been exercised or are no longer exercisable.

     (b) The Warrant Agent may at any time resign as such by giving written
notice of its resignation to the Company, specifying the desired date on which
its resignation shall become effective; provided, however, that such date shall
be not less than 90 days after the date on which such notice is given unless
the Company agrees to accept shorter notice. Upon receiving such notice of
resignation, the Company shall promptly appoint a successor Warrant Agent
(which shall be a bank or trust company in good standing, authorized under the
laws of the jurisdiction of its organization to exercise corporate trust
powers) by written instrument in duplicate signed on behalf of the Company, one
copy of which shall be delivered to the resigning Warrant Agent and one copy to
the successor Warrant Agent. The Company may, at any time and for any reason,
remove the Warrant Agent and appoint a successor Warrant Agent (qualified as
aforesaid) by written instrument in duplicate signed on behalf of the Company
and specifying such removal and the date when it is intended to become
effective, one copy of which shall be delivered to the Warrant Agent being
removed and one copy to the successor Warrant Agent. Any resignation or
removal of the Warrant Agent and any appointment of a successor Warrant Agent
shall become effective upon acceptance of appointment by the successor Warrant
Agent
as provided in this subsection (b). In the event a successor Warrant
Agent has not been appointed and accepted its duties within 90 days of the
Warrant Agent’ s notice of resignation, the Warrant Agent may apply to any
court of competent jurisdiction for the designation of a successor Warrant
Agent. Upon its resignation or removal, the Warrant Agent shall be entitled to
the payment by the Company of the compensation and to the reimbursement of all
reasonable out-of-pocket expenses (including reasonable attorneys’ fees)
incurred by it hereunder as agreed to in Section 5.02 (a).

     (c) The Company shall remove the Warrant Agent and appoint a successor
Warrant Agent if the Warrant Agent (i) shall become incapable of acting, (ii)
shall be adjudged bankrupt or insolvent, (iii) shall commence a voluntary case
or other proceeding seeking liquidation, reorganization or other relief with
respect to it or its debts under any bankruptcy, insolvency or other similar
law now or hereafter in effect or seeking the appointment of a trustee,
receiver, liquidator, custodian or other similar official of it or any
substantial part of its property, (iv) shall consent to, or shall have had
entered against it a court order for, any such relief or to the appointment of
or taking possession by any such official in any involuntary case or other
proceedings commenced against it, (v) shall make a general assignment for the
benefit of creditors or (vi) shall fail generally to pay its debts as they
become due. Upon the appointment

-10-

 

as aforesaid of a successor Warrant Agent and
acceptance by it of such appointment, the predecessor Warrant Agent shall, if
not previously disqualified by operation of law, cease to be Warrant Agent
hereunder.

     (d) Any successor Warrant Agent appointed hereunder shall execute,
acknowledge and deliver to its predecessor and the Company an instrument
accepting such appointment hereunder, and thereupon such successor Warrant
Agent, without any further act, deed or conveyance, shall become vested with
all the authority, rights, powers, immunities, duties and obligations of such
predecessor with like effect as if originally named as Warrant Agent hereunder,
and such predecessor shall thereupon become obligated to transfer, deliver and
pay over, and such successor Warrant Agent shall be entitled to receive, all
monies, securities and other property on deposit with or held by such
predecessor as Warrant Agent hereunder.

     (e) Any corporation into which the Warrant Agent hereunder may be merged
or converted or any corporation with which the Warrant Agent may be
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Warrant Agent shall be a party, or any corporation
to which the Warrant Agent shall sell or otherwise transfer all or
substantially all the assets and business of the Warrant Agent, provided that
it shall be qualified as aforesaid, shall be the successor Warrant Agent under
this Agreement without the execution or filing of any paper or any further act
on the part of any of the parties hereto.

Article VI

MISCELLANEOUS

     Section 6.01 Amendment. This Agreement and the terms of the Warrants and the Warrant
Certificates may be amended by the parties hereto, without the consent of the
Holder of any Warrant Certificate or the beneficial owner of any Warrant, for
the purpose of curing any ambiguity, or of curing, correcting or supplementing
any defective or inconsistent provision contained herein or in the Warrant
Certificates, or making any other provisions with respect to matters or
questions arising under this Agreement as the Company and the Warrant Agent may
deem necessary or desirable, provided that such action shall not affect
adversely the interests of the Holders of the Warrant Certificates or the
beneficial owners of Warrants in any material respect.

     Section 6.02 Notices and Demands to the Company and Warrant Agent. If the
Warrant Agent shall receive any notice or demand addressed to the Company by
the Holder of a Warrant Certificate pursuant to the provisions of the Warrant
Certificates, the Warrant Agent shall promptly forward such notice or demand to
the Company.

     Section 6.03 Addresses. Any communication from the Company to the Warrant
Agent with respect to this Agreement shall be addressed to
[  ], Attention:  [
] and any communication from the Warrant Agent to the Company with respect to
this Agreement shall be addressed to Amerada Hess Corporation, 1185 Avenue of
the Americas, New York, NY 10036, Attention:  [ ] (or such other address as
shall be specified in writing by the Warrant Agent or by the Company).

-11-

 

     Section 6.04 Applicable Law. The validity, interpretation and performance
of this Agreement and each Warrant Certificate issued hereunder and of the
respective terms and provisions hereof and thereof shall be governed by, and
construed in accordance with, the laws of the State of New York.

     Section 6.05 Delivery of Prospectus. The Company will furnish to the
Warrant Agent sufficient copies of a prospectus relating to the Warrant
Securities deliverable upon exercise of Warrants (the “Prospectus”), and the
Warrant Agent agrees that upon the exercise of any Warrant, the Warrant Agent
will deliver to the Holder of the Warrant Certificate evidencing such Warrant,
prior to or concurrently with the delivery of the Warrant Securities issued
upon such exercise, a Prospectus. The Warrant Agent shall not, by reason of
any such delivery, assume any responsibility for the accuracy or adequacy of
such Prospectus.

     Section 6.06 Obtaining of Governmental Approval. The Company will from
time to time take all action which may be necessary to obtain and keep
effective any and all permits, consents and approvals of governmental agencies
and authorities and securities acts filings under United States federal and
state laws (including, without limitation, a registration statement in respect
of the Warrants and Warrant Securities under the Securities Act of 1933), which
may be or become requisite in connection with the issuance, sale, transfer and
delivery of the Warrant Certificates, the exercise of the Warrants, the
issuance, sale, transfer and delivery of the Warrant Securities issued
upon exercise of the Warrants or upon the expiration of the period during which
the Warrants are exercisable.

     Section 6.07 Persons Having Rights Under Warrant Agreement. Nothing in
this Agreement shall give to any person other than the Company, the Warrant
Agent and the Holders of the Warrant Certificates any right, remedy or claim
under or by reason of this Agreement.

     Section 6.08 Headings. The descriptive headings of the several Articles
and Sections of this Agreement are inserted for convenience only and shall not
control or affect the meaning or construction of any of the provisions hereof.

     Section 6.09 Counterparts. This Agreement may be executed in any number
of counterparts, each of which as so executed shall be deemed to be an
original, but such counterparts shall together constitute but one and the same
instrument.

     Section 6.10 Inspection of Agreement. A copy of this Agreement shall be
available at all reasonable times at the principal corporate trust office of
the Warrant Agent for inspection by the Holder of any Warrant Certificate. The
Warrant Agent may require such Holder to submit his Warrant Certificate for
inspection by it.

     Section 6.11 Notices to Holders of Warrants. Any notice to Holders of
Warrants evidenced by Warrant Certificates which by any provisions of this
Warrant Agreement is required or permitted to be given shall be given by first
class mail prepaid at such Holder’s address as it appears on the books of the
Warrant Agent.

-12-

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and their respective corporate seals to be hereunto affixed and
attested, all as of the date first above written.

	 	 	 	 	 
	 	 	AMERADA HESS CORPORATION
	 	 	 	 	 
	 	 	
By	 	 
	 	 	 	 	

	 	 	 	 	Name:
	 	 	 	 	Title:
	 	 	 	 	 
	 	 	[WARRANT AGENT]
	 	 	 	 	 
	 	 	
By	 	 
	 	 	 	 	

	 	 	 	 	Name:
	 	 	 	 	Title:

-13-

 

EXHIBIT A

[FORM OF WARRANT CERTIFICATE]

[Face]

	 	 	 
	Form of Legend if	 	
[Prior to                                              ,
	Warrants are not
immediately exercisable:	 	
Warrants evidenced by this Warrant
Certificate cannot be exercised.]

EXERCISABLE ONLY IF AUTHENTICATED BY THE WARRANT

AGENT AS PROVIDED HEREIN

VOID AFTER THE CLOSE OF BUSINESS ON                    ,           

AMERADA HESS CORPORATION

Warrant Certificate representing

Warrants to purchase

[Title of Warrant Securities]

as described herein

                   

			
	No.	 	
[                    ] Warrants

     This certifies that [     ] or registered assigns is the registered owner of
the above indicated number of Warrants, each Warrant entitling such registered
owner to purchase, at any time [after the close of business on                    ,           ,
and] on or before the close of business on [     ], [          shares of the [Title of
Warrant Securities]] [$                aggregate principal amount of [Title of Warrant
Securities]] (the “Warrant Securities”) of Amerada Hess Corporation (the
“Company”) [, issued or to be issued under the Indenture (as hereinafter
defined),] on the following basis2. [During the period from                    ,           
through and including                    ,            , each Warrant shall entitle the Holder
thereof, subject to the provisions of this Agreement, to purchase from the
Company the [principal] amount of Warrant Securities stated above in this
Warrant Certificate at the exercise price of [     ], [          ]% of the principal
amount thereof [plus accrued amortization, if any, of the original issue
discount of the Warrant Securities] [plus accrued interest, if any, from the
most recent date from which interest shall have been paid on the Warrant
Securities or, if no interest shall have been paid on the Warrant Securities,
from                    ,           ]; [in each case, the original issue discount ($                     
for each $1,000 principal amount of Warrant Securities) will be amortized at a
    % annual rate, computed on a[n] [semi-]annual basis[, using a 360-day year
constituting of twelve 30-day months]] (the “Exercise Price”). The Holder of
this Warrant

	2	 	Complete and modify the following provisions as appropriate to reflect the
terms of the Warrants and the Warrant Securities.

A-1

 

 

     Certificate may exercise the Warrants evidenced hereby, in whole or in
part, by surrendering this Warrant Certificate, with the purchase form set
forth hereon duly completed, accompanied [by payment in full, in lawful money
of the United States of America,] [in cash or by certified check or official
bank check in New York Clearing House funds] [by bank wire transfer in
immediately available funds]], the Exercise Price for each Warrant exercised,
to the Warrant Agent (as hereinafter defined), at the corporate trust office of
[name of Warrant Agent] or its successor as warrant agent (the “Warrant Agent”)
[or at                    ,] at the addresses specified on the reverse hereof and upon
compliance with and subject to the conditions set forth herein and in the
Warrant Agreement (as hereinafter defined). This Warrant Certificate may be
exercised only for the purchase of [shares of] Warrant Securities [in the
principal amount of] or any integral multiple thereof. [Cashless Exercise
Option].

     The term “Holder” as used herein shall mean the person in whose name at
the time such Warrant Certificate shall be registered upon the books to be
maintained by the Warrant Agent for that purpose pursuant to Section 3.01 of
the Warrant Agreement.

     Any whole number of Warrants evidenced by this Warrant Certificate may be
exercised to purchase Warrant Securities in registered form. Upon any exercise
of fewer than all of the Warrants evidenced by this Warrant Certificate, there
shall be issued to the registered owner hereof a new Warrant Certificate
evidencing the number of Warrants remaining unexercised.

     This Warrant Certificate is issued under and in accordance with the
Warrant Agreement dated as of [ ] (the “Warrant Agreement”), between the
Company and the Warrant Agent and is subject to the terms and provisions
contained in the Warrant Agreement, to all of which terms and provisions the
Holder of this Warrant Certificate consents by acceptance hereof. Copies of
the Warrant Agreement are on file at the above-mentioned office of the Warrant
Agent [and at                                       ].

     [The Warrant Securities to be issued and delivered upon the exercise of
Warrants evidenced by this Warrant Certificate will be issued under and in
accordance with an Indenture, dated as of                            (the “Indenture”),
among the Company and JPMorgan Chase, as trustee (such trustee, and any
successors to such trustee, the “Trustee”) and will be subject to the terms and
provisions contained in the Warrant Securities and in the Indenture. Copies of
the Indenture, including the form of the Warrant Securities, are on file at the
corporate trust office of the Trustee [and at ].]

     This Warrant Certificate, and all rights hereunder, may be transferred
when surrendered at the corporate trust office of the Warrant Agent [or
                   ] by the registered owner or his assigns, in person or by an attorney
duly authorized in writing, in the manner and subject to the limitations
provided in the Warrant Agreement.

     After authentication by the Warrant Agent and prior to the expiration of
this Warrant Certificate, this Warrant Certificate may be exchanged at the
corporate trust office of the Warrant Agent [or at                                       ] for
Warrant Certificates representing the same aggregate number of Warrants.

A-2

 

 

     This Warrant Certificate shall not entitle the registered owner hereof to
any of the rights of a registered holder of the Warrant Securities, including,
without limitation, [the right to receive payments of principal of (and
premium, if any) or interest, if any, on the Warrant Securities or to enforce
any of the covenants of the Indenture] [the right to receive dividend payments
on the Warrant Securities or any voting rights].

     Reference is hereby made to the further provisions of this Warrant
Certificate set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.

     This Warrant Certificate shall not be valid or obligatory for any purpose
until authenticated by the Warrant Agent.

     IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be
duly executed under its corporate seal.

	 	 	 	 	 	 	 
	Dated:	 	 	 	AMERADA HESS CORPORATION
	 	 	

	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	By	 	 
	 	 	 	 	 	 	

	 	 	 	 	 	 	 
	Attest:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	
	 	 	 	 

A-3

 

 

Certificate of Authentication

     This is one of the Warrant Certificates referred to in the
within-mentioned Warrant Agreement.

     

			
	 	 	
                                                                            
As Warrant Agent
	 	 	 
	 	 	
By                                                          
Authorized Signature

A-4

 

 

[REVERSE] [FORM OF WARRANT CERTIFICATE]

(Instructions for Exercise of Warrants)

     To exercise any Warrants evidenced hereby, the Holder of this Warrant
Certificate must pay [in cash or by certified check or official bank check in
New York Clearing House funds or by bank wire transfer in immediately available
funds], the Exercise Price in full for each of the Warrants exercised, to [   ]
Corporate Trust Department, [   ], Attn: [   ] [or                        ], which payment
should specify the name of the Holder of this Warrant Certificate and the
number of Warrants exercised by such Holder. In addition, the Holder of this
Warrant Certificate should complete the information required below and present
in person or mail by registered mail this Warrant Certificate to the Warrant
Agent at the addresses set forth below.

[FORM OF EXERCISE]

(To be executed upon exercise of Warrants.)

     The undersigned hereby irrevocably elects to exercise [   ] Warrants,
represented by this Warrant Certificate, to purchase [              shares of [Title
of Equity Securities]] [$                    aggregate principal amount of the [Title of
Debt Securities]] (the “Warrant Securities”) of Amerada Hess Corporation and
represents that he has tendered payment for such Warrant Securities [in cash or
by certified check or official bank check in New York Clearing House funds or
by bank wire transfer in immediately available funds] to the
order of Amerada Hess Corporation, c/o Treasurer in the amount of $[   ] in accordance with the terms
hereof. The undersigned requests that said [principal] amount of Warrant
Securities be in fully registered form, in the authorized denominations,
registered in such names and delivered, all as specified in accordance with the
instructions set forth below.

A-5

 

 

     If said [principal] amount of Warrant Securities is less than all of the
Warrant Securities purchasable hereunder, the undersigned requests that a new
Warrant Certificate representing the remaining balance of the Warrants
evidenced hereby be issued and delivered to the undersigned unless otherwise
specified in the instructions below.

	 	 	 	 	 
	 	 	
Name	 	 
	 	 	 	 	

	Dated:	 	 	 	(Please Print)
	 	 	 	 	 
	. . .

	 	 	 	 
	(Insert Social Security or Other
Identifying Number of Holder)	 	
Address	 	 
	 	 	 	 	

	 	 	 	 	 
	 	 	 	 	

	 	 	 	 	 
	 	 	
Signature	 	 
	 	 	 	 	

	 	 	 	 	(Signed exactly as name appears on the other
side of this Warrant Certificate)

This Warrant may be exercised at the following addresses:

	 	 	 	 	 
	 	 	
By hand at	 	 
	 	 	 	 	

	 	 	 	 	 
	 	 	 	 	

	 	 	 	 	 
	 	 	 	 	

	 	 	 	 	 
	 	 	 	 	

	 	 	 	 	 
	 	 	
By mail at	 	 
	 	 	 	 	

	 	 	 	 	 
	 	 	 	 	

	 	 	 	 	 
	 	 	 	 	

	 	 	 	 	 
	 	 	 	 	

(Instructions as to form and delivery of Warrant Securities and/or Warrant Certificates):

A-6

 

[[FORM OF ASSIGNMENT]

(TO BE EXECUTED TO TRANSFER THE WARRANT CERTIFICATE)

	 	 	 
	FOR VALUE RECEIVED  
               
                
             
            
          
        hereby sells, assigns and transfers unto
	 	 	 
	 	 	Please insert social security or other
identifying number
	 	 	 
	 	 	

	 	 	 
	

(Please print name and
address including zip
code)	 	 
	 	 	 
	

	the right represented by the within Warrant Certificate and does hereby
irrevocably constitute and appoint                    , Attorney, to transfer
said Warrant Certificate on the books of the Warrant Agent with full power of
substitution
	 	 	 
	Dated:	 	 
	 	 	

	 	 	
Signature
	 	 	
(Signed exactly as name appears on
the other side of this Warrant
Certificate)
	Signature Guarantee:	 	 
	 	 	 
	           
                 
                 
                 
                 
                 
                 
      ]	 	 
	Participant in a recognized
Signature Guarantee Medallion
Program (or other signature
guarantor program reasonably
acceptable to the Warrant Agent)	 	 

A-7FORM OF WARRANT AGREEMENT

 

Exhibit 4.4

 

[Form of Warrant Agreement

For Warrant Sold Attached

To Securities]

 

AMERADA HESS CORPORATION

and

[                    
                     ],

as Warrant Agent

WARRANT AGREEMENT

Dated as of
[                    ]

 

Warrants to purchase
[_______________]

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	Page
	 	 	 	 	 	 	 	 
	Article 1	 	ISSUANCE OF WARRANTS AND EXECUTION AND DELIVERY OF WARRANT CERTIFICATES
	 	 	2	 
	 
	    Section 1.01.	 	 	Issuance of Warrants
	 	 	2	 
	    Section 1.02.	 	 	Execution and Delivery of Warrant Certificates
	 	 	2	 
	    Section 1.03.	 	 	Issuance of Warrant Certificates
	 	 	3	 
	 
	Article 2	 	WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS
	 	 	4	 
	 
	    Section 2.01.	 	 	Warrant Price
	 	 	4	 
	    Section 2.02.	 	 	Duration of Warrants
	 	 	4	 
	    Section 2.03.	 	 	Exercise of Warrants
	 	 	4	 
	 
	Article 3	 	OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF WARRANT
	 	 	6	 
	 
	    Section 3.01.	 	 	No Rights as Warrant Securityholder Conferred by Warrant or Warrant Certificates
	 	 	6	 
	    Section 3.02.	 	 	Lost, Mutilated, Stolen, or Destroyed Warrant Certificates
	 	 	6	 
	    Section 3.03.	 	 	Enforcement of Rights
	 	 	6	 
	    Section 3.04.	 	 	Merger, Consolidation, Conveyance or Transfer
	 	 	6	 
	 
	Article 4	 	EXCHANGE AND TRANSFER
	 	 	7	 
	 
	    Section 4.01.	 	 	Exchange and Transfer
	 	 	7	 
	    Section 4.02.	 	 	Treatment of Holders of Warrant Certificates
	 	 	8	 
	    Section 4.03.	 	 	Treatment of Holders of Warrant Certificates
	 	 	8	 
	 
	Article 5	 	CONCERNING THE WARRANT AGENT
	 	 	9	 
	 
	    Section 5.01.	 	 	Warrant Agent
	 	 	9	 
	    Section 5.02.	 	 	Conditions of Warrant Agent’s Obligations
	 	 	9	 
	    Section 5.03.	 	 	Resignation and Appointment of Successor
	 	 	11	 
	 
	Article 6	 	MISCELLANEOUS
	 	 	12	 
	 
	    Section 6.01.	 	 	Amendment
	 	 	12	 
	    Section 6.02.	 	 	Notices And Demands to the Company and Warrant Agent
	 	 	12	 
	    Section 6.03.	 	 	Addresses
	 	 	12	 
	    Section 6.04.	 	 	Applicable Law
	 	 	12	 
	    Section 6.05.	 	 	Delivery of Prospectus
	 	 	12	 
	    Section 6.06.	 	 	Obtaining of Governmental Approval
	 	 	13	 
	    Section 6.07.	 	 	Persons Having Rights Under Warrant Agreement
	 	 	13	 

(i)

 

	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	Page
	 	 	 	 	 	 	 	 
	    Section 6.08.	 	 	Headings
	 	 	13	 
	    Section 6.09.	 	 	Counterparts
	 	 	13	 
	    Section 6.10.	 	 	Inspection of Agreement
	 	 	13	 
	    Section 6.11.	 	 	Notices to Holders of Warrants
	 	 	13	 
	 
	TESTIMONIUM	 	 
	 	 	15	 
	    SIGNATURES	 	 
	 	 	15	 
	 
	    EXHIBIT A – Form of Warrant Certificate	 	 		 

(ii)

 

WARRANT AGREEMENT1

          THIS AGREEMENT dated as of [
         
         
] between AMERADA HESS
CORPORATION, a corporation duly organized and existing under the laws of the
State of Delaware (the “Company”), and [
         
           ], a [bank] [trust
company] duly incorporated and existing under the laws of [Delaware], as
Warrant Agent (the “Warrant Agent”).

          
Bracketed language here and throughout this Agreement should be inserted
as follows:

          
1.     If Warrants are immediately detachable from the Offered Securities; and

          
2.     If Warrants are detachable from the Offered Securities only after the
Detachable Date.

W I T N E S S E T H :

          [
WHEREAS, the Company has entered into an Indenture dated as of [
          
          ]
(the
“           Indenture”) among the Company, as issuer, and JPMorgan
Chase, as Trustee (the “           Indenture Trustee”), and an Indenture dated as
of [
         
          ] (the “           Indenture”) among the Company and
JPMorgan Chase, as Trustee (the “           Indenture Trustee”) (together,
the “Trustees” or “Trustee” and “Indentures” or “Indenture”), providing for the
issuance from time to time of its unsecured debt securities to be issued in one
or more series, fully and unconditionally guaranteed by the Cable Guarantors as
provided in the Indenture; and]

          
WHEREAS, the Company proposes to sell [title of such securities being
offered] (the “Offered Securities”) with one or more warrants (the “Warrants”)
representing the right to purchase [title of such securities purchasable
through exercise of Warrants] (the “Warrant Securities”), the Warrants to be
evidenced by Warrant certificates issued pursuant to this Agreement (the
“Warrant Certificates”); and

          
WHEREAS, the Company desires the Warrant Agent to act on behalf of the
Company in connection with the issuance, transfer, exchange, exercise and
replacement of the Warrant Certificates, and in this Agreement wishes to set
forth, among other things, the form and provisions of the Warrant Certificates
and the terms and conditions on which they may be issued, transferred,
exchanged, exercised and replaced;

          
NOW, THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the parties hereto agree as follows:

           

1     
Complete or modify the provisions of this form as appropriate to reflect the terms of the Warrants and Warrant Securities.

 

 

Article 1

ISSUANCE OF WARRANTS AND EXECUTION

AND DELIVERY OF WARRANT CERTIFICATES

          
Section 1.01.  Issuance of Warrants. The Warrants shall be evidenced by
one or more Warrant Certificates. Each Warrant evidenced thereby shall
represent the right, subject to the provisions contained herein and therein,
to purchase [____ shares of the Warrant Securities] [$____ aggregate principal
amount of Warrant Securities I and shall be initially issued in connection with
the issuance of the Offered Securities] and shall be separately transferable
immediately thereafter] [2: but shall not be separately transferable until on
and after ____, ____(the “Detachable Date”)]. The Warrants shall be initially
issued [in units] with the Offered Securities, and each Warrant [included in
such a unit] shall evidence the right, subject to the provisions contained
herein and in the Warrant Certificates, to purchase [_____ shares of the
Warrant Securities] [$______ aggregate principal amount of Warrant Securities]
[included in such a unit].

          
Section 1.02.  Execution and Delivery of Warrant Certificates. Each
Warrant, whenever issued, shall be evidenced by a Warrant Certificate in
registered form, substantially in the form set forth in Exhibit A hereto, shall
be dated and may have such letters, numbers or other marks of identification or
designation and such legends or endorsements printed, lithographed or engraved
thereon as the officers of the Company executing the same may approve
(execution thereof to be conclusive evidence of such approval) and as are not
inconsistent with the provisions of this Agreement, or as may be required to
comply with any law or with any rule or regulation made pursuant thereto or
with any rule or regulation of any stock exchange on which the Warrants may be
listed, or to conform to usage. The Warrant Certificates shall be signed on
behalf of the Company by any officer authorized by the Board of Directors, in
each case under its corporate seal, which may but need not be, attested by its
Secretary or one of its Assistant Secretaries. Such signatures may be manual
or facsimile signatures of such authorized officers and may be imprinted or
otherwise reproduced on the Warrant Certificates. The corporate seal of the
Company may be in the form of a facsimile thereof and may be impressed,
affixed, imprinted or otherwise reproduced on the Warrant Certificates.

          
No Warrant Certificate shall be valid for any purpose, and no Warrant
evidenced thereby shall be exercisable, until such Warrant Certificate has been
countersigned by the Warrant Agent by manual signature. Such signature by the
Warrant Agent upon any Warrant Certificate executed by the Company shall be
conclusive evidence, and the only evidence, that the Warrant Certificate so
countersigned has been duly issued hereunder.

          
In case any officer of the Company who shall have signed any of the
Warrant Certificates either manually or by facsimile signature shall cease to
be such officer before the Warrant Certificates so signed shall have been
countersigned and delivered by the Warrant Agent as provided herein, such
Warrant Certificates may be countersigned and delivered notwithstanding that
the person who signed such Warrant Certificates ceased to be such officer
of the Company; and any Warrant Certificate may be signed on behalf of the
Company by such persons as, at the actual date of the execution of such Warrant
Certificate, shall be the proper

-2-

 

officers of the Company, although at the date
of the execution of this Agreement any such person was not such officer.

          
The term “Holder”, when used with respect to any Warrant Certificate,
shall mean any person in whose name at the time such Warrant Certificate shall
be registered upon the books to be maintained by the Warrant Agent for that
purpose or, prior to the Detachable Date, any person in whose name at the time
the Offered Security to which such Warrant Certificate is attached is
registered upon the register of the Offered Securities. Prior to the
Detachable Date, the Company will, or will cause the registrar of the Offered
Securities to, make available at all times to the Warrant Agent such
information as to holders of the Offered Securities with Warrants as may be
necessary to keep the Warrant Agent’s records up to date .]

          
Section 1.03.  Issuance of Warrant Certificates. Warrant Certificates
evidencing the right to purchase [_____ shares of the Warrant Securities] [an
aggregate principal amount not exceeding aggregate principal amount of Warrant
Securities] (except as provided in Sections 2.03, 3.02 and 4. 01) may be
executed by the Company and delivered to the Warrant Agent upon the execution
of this Warrant Agreement or from time to time thereafter. The Warrant Agent
shall, upon receipt of Warrant Certificates duly executed on behalf of the
Company, countersign Warrant Certificates evidencing [   ] Warrants representing
the right to purchase up to [____ shares of the Warrant
Securities] [$____ aggregate principal amount of Warrant Securities] and shall deliver such
Warrant Certificates to or upon the order of the Company. Subsequent to such
original issuance of the Warrant Certificates, the Warrant Agent shall
countersign a Warrant Certificate only if the Warrant Certificate is issued in
exchange or substitution for one or more previously countersigned Warrant
Certificates or in connection with their transfer as hereinafter provided or as
provided in the antepenultimate paragraph of Section 2.03.

          
Pending the preparation of definitive Warrant Certificates evidencing
Warrants, the Company may execute and the Warrant Agent shall countersign and
deliver temporary Warrant Certificates evidencing such Warrants (printed,
lithographed, typewritten or otherwise produced, in each case in form
satisfactory to the Warrant Agent). Such temporary Warrant Certificates shall
be issuable substantially in the form of the definitive Warrant Certificates
but with such omissions, insertions and variations as may be appropriate for
temporary Warrant Certificates, all as may be determined by the Company with
the concurrence of the Warrant Agent. Such temporary Warrant Certificates may
contain such reference to any provisions of this Warrant Agreement as may be
appropriate. Every such temporary Warrant Certificate shall be executed by the
Company and shall be countersigned by the Warrant Agent upon the same
conditions and in substantially the same manner, and with like effect, as the
definitive Warrant Certificates. Without unreasonable delay, the Company shall
execute and shall furnish definitive Warrant Certificates and thereupon such
temporary Warrant Certificates may be surrendered in exchange therefor without
charge pursuant to and subject to the provisions of Section 4.01, and the
Warrant Agent shall countersign and deliver in exchange for such temporary
Warrant Certificates definitive Warrant Certificates of authorized
denominations evidencing a like aggregate number of Warrants evidenced by such temporary Warrant
Certificates. Until so exchanged, such temporary Warrant Certificates shall be
entitled to the same benefits under this Warrant Agreement as definitive
Warrant Certificates.

-3-

 

Article 2

WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS

          
Section 2.01.  Warrant Price.
On [                     ] the exercise price of
each Warrant will be $[                     ].
During the period from [                     ],
through and including, [                     ],
the exercise price of each Warrant will be
$[                     ] [plus [accrued
amortization of the original issue discount] [accrued
interest] from [                     ].]
On [                     ], the exercise
price of each Warrant will be $[                     ].
During the period from [                     ], through and including [                     ],
the exercise price of each
Warrant will be $[                     ] [plus
[accrued amortization of the original issue
discount] [accrued interest] from [                
    ].] [In each case, the original issue
discount will be amortized at a [     ]% annual rate, computed on an annual basis
using the “interest” method and using a 360-day year consisting of twelve
30-day months]. Such exercise price of Warrant Securities is referred to in
this Agreement as the “Warrant Price”. [The original issue discount for each
principal amount of Warrant Securities is $[                     ].]

          
Section 2.02.  Duration of Warrants. Subject to Section 4.03(b), each
Warrant may be exercised [in whole but not in part] [in whole or in part] [at
any time, as specified herein, on or after [the date thereof] [,] and at or
before [time, location] on [                     ] (each day during such period may
hereinafter be referred to as an “Exercise Date”)] [on [list of specific dates]
(each, an “Exercise Date”)], or such later date as the Company may designate by
notice to the Warrant Agent and the Holders of Warrant Certificates [in
registered form and to the beneficial owners of the Global Warrant Certificate]
(the “Expiration Date”). Each Warrant not exercised at or before [time,
location] on the Expiration Date shall become void, and all rights of the
Holder [and any beneficial owners] of the Warrant Certificate evidencing such
Warrant under this Agreement shall cease.

          
Section 2.03.  Exercise of Warrants. During the period specified in
Section 2.02, any whole number of Warrants may be exercised by providing
certain information as set forth on the reverse side of the Warrant
Certificates evidencing such Warrants and by paying in full [in lawful money of
the United States of America] [in cash] [by certified check or official bank
check or by bank wire transfer, in each case,] [by bank wire transfer] [in
immediately available funds,] the Warrant Price for each Warrant exercised
[(plus accrued interest, if any, on the Warrant Securities to be issued upon
exercise of such Warrant from and including the Interest Payment Date (as
defined in the Indenture), if any, in respect of such Warrant Securities
immediately preceding the Exercise Date to and including the Exercise Date
(unless the Exercise Date is after the Regular Record Date (as defined in the
Indenture), if any, for such Interest Payment Date, but on or before the
immediately succeeding Interest Payment Date for such Warrant Securities,
in which event no such accrued interest shall be payable in respect of Warrant
Securities to be issued in registered form))] to the Warrant Agent at its
corporate trust office at [address] [or at ], provided that such exercise is
subject to receipt within five business days of such [payment] [wire transfer]
by the Warrant Agent of the Warrant Certificate evidencing each Warrant
exercised with the form of election to purchase Warrant Securities set forth on
the reverse side of the Warrant Certificate properly completed and duly
executed. [Cashless Exercise Option]

-4-

 

          
The date on which payment in full of the Warrant Price (plus any such
accrued interest) is received by the Warrant Agent shall, subject to receipt of
the Warrant Certificate as aforesaid, be deemed to be the date on which the
Warrant is exercised. The Warrant Agent shall deposit all funds received by it
in payment f or the exercise of Warrants in an account of the Company
maintained with it (or in such other account as may be designated by the
Company) and shall advise the Company, by telephone or by facsimile
transmission or other form of electronic communication available to both
parties, at the end of each day on which a payment for the exercise of Warrants
is received of the amount so deposited to its account. The Warrant Agent shall
promptly confirm such advice to the Company in writing.

          
If a day on which Warrants may be exercised in the city in which such
Warrants are to be exercised shall be a Saturday or Sunday or a day on which
banking institutions in such city are authorized or required to be closed,
then, notwithstanding any other provision of this Agreement or the Warrant
Certificate evidencing such Warrants, but subject to the limitation that no
Warrant may be exercised after the Expiration Date, the Warrants shall be
exercisable on the next succeeding day which in such city is not a Saturday or
Sunday or a day on which banking institutions in such city are authorized or
required to be closed. The Warrant Agent shall, from time to time, as promptly
as practicable, advise the Company and the Trustee in writing of (i) the number
of Warrants exercised, (ii) the instructions of each Holder of the Warrant
Certificates evidencing such Warrants with respect to delivery of the Warrant
Securities to be issued upon such exercise, (iii) delivery of any Warrant
Certificates evidencing the balance, if any, of the Warrants remaining after
such exercise, and (iv) such other information as the Company or the Trustee
shall reasonably require.

          
As soon as practicable after the exercise of any Warrant, but subject to
receipt by the Warrant Agent of the Warrant Certificate evidencing such Warrant
as provided in this Section, the Company shall issue[, pursuant to the
Indenture, in authorized denominations to or upon the order of the Holder of
the Warrant Certificate evidencing each Warrant,] the Warrant Securities to
which such Holder is entitled, in fully registered form, registered in such
name or names as may be directed by such Holder. If fewer than all of the
Warrants evidenced by such Warrant Certificate are exercised, the Company shall
execute, and an authorized officer of the Warrant Agent shall manually
countersign and deliver, a new Warrant Certificate evidencing the number of
such Warrants remaining unexercised.

          
The Company shall not be required to pay any stamp or other tax or other
governmental charge required to be paid in connection with any transfer
involved in the issuance of the Warrant Securities, and in the event that any
such transfer is involved, the Company shall not be required to issue or
deliver any Warrant Security until such tax or other charge shall have
been paid or it has been established to the Company’s satisfaction that no
such tax or other charge is due.

-5-

 

Article 3

OTHER PROVISIONS RELATING TO

RIGHTS OF HOLDERS OF WARRANT

          
Section 3.01.  No Rights as Warrant Securityholder Conferred by Warrant or
Warrant Certificates. No Warrant Certificate or Warrant evidenced thereby
shall entitle the Holder or any beneficial owner thereof to any of the rights
of a holder or beneficial owner of Warrant Securities, including, without
limitation, [the right to receive the payment of principal of (premium, if any)
or interest, if any, on Warrant Securities or to enforce any of the covenants
in the Indenture] [the right to receive dividend payments on the Warrant
Securities or any voting rights].

          
Section 3.02.  Lost, Mutilated, Stolen, or Destroyed Warrant Certificates.
Upon receipt by the Warrant Agent of evidence reasonably satisfactory to it and
the Company of the ownership of and the loss, mutilation, theft or destruction
of any Warrant Certificate and of such security or indemnity as may be required
by the Company and the Warrant Agent to hold each of them and any agent of them
harmless and, in the case of mutilation of a Warrant Certificate, upon
surrender thereof to the Warrant Agent for cancellation, then, in the absence
of notice to the Company or the Warrant Agent that such Warrant Certificate has
been acquired by a bona fide purchaser, the Company shall execute, and an
authorized officer of the Warrant Agent shall manually countersign and deliver,
in exchange for or in lieu of the lost, mutilated, stolen or destroyed Warrant
Certificate, a new Warrant Certificate of the same tenor and evidencing a like
number of Warrants. Upon the issuance of any new Warrant Certificate under
this Section, the Company may require the payment of a sum sufficient to cover
any stamp or other tax or other governmental charge that may be imposed in
relation thereto and any other expenses (including the fees and expenses of the
Warrant Agent) in connection therewith. Every substitute Warrant Certificate
executed and delivered pursuant to this Section in lieu of any lost, mutilated,
stolen or destroyed Warrant Certificate shall represent an additional
contractual obligation of the Company, whether or not the lost, stolen or
destroyed Warrant Certificate shall be at any time enforceable by anyone, and
shall be entitled to the benefits of this Agreement equally and proportionately
with any and all other Warrant Certificates duly executed and delivered
hereunder. The provisions of this Section are exclusive and shall preclude (to
the extent lawful) all other rights and remedies with respect to the
replacement of lost, mutilated, stolen or destroyed Warrant Certificates.

          
Section 3.03.  Enforcement of Rights. Notwithstanding any of the
provisions of this Agreement, any Holder of a Warrant Certificate, without the
consent of the Warrant Agent, the Trustee, the holder of any
Offered Securities or the Holder of any other Warrant Certificate, may, in
its own behalf and for its own benefit, enforce, and may institute and maintain
any suit, action or proceeding against the Company suitable to enforce, or
otherwise in respect of, its right to exercise its Warrants in the manner
provided in its Warrant Certificate and in this Agreement.

          
Section 3.04.  Merger, Consolidation, Conveyance or Transfer. (a) If at
any time there shall be a merger or consolidation of the Company or a sale,
conveyance, transfer, lease or other disposition of its property and assets
substantially as an entirety[as permitted under the

-6-

 

Indenture], then in any
such event the successor or assuming corporation referred to therein shall
succeed to and be substituted for the Company, with the same effect[, subject
to the Indenture,] as if it had been named herein and in the Warrant
Certificates as the Company; the Company shall thereupon be discharged from all
obligations hereunder and under the Warrants and the Warrant Certificates.
Such successor or assuming corporation may thereupon cause to be signed, and
may issue either in its own name or in the name of the Company, Warrant
Certificates evidencing any or all of the Warrants issuable hereunder which
theretofore shall not have been signed by the Company, and may execute and
deliver Warrant Securities in its own name [, pursuant to the Indenture,] in
fulfillment of its obligations to deliver Warrant Securities upon exercise of
the Warrants. All the Warrants so issued shall in all respects have the same
legal rank and benefit under this Agreement as the Warrants theretofore or
thereafter issued in accordance with the terms of this Agreement as though all
of such Warrants had been issued at the date of the execution hereof. In any
case of any such merger, consolidation, sale, conveyance, transfer, lease or
other disposition such changes in phraseology and form (but not in substance)
may be made in the Warrant Certificates representing the Warrants thereafter to
be issued as may be appropriate.

          
(b)    The Warrant Agent may receive a written opinion of legal counsel (who
shall be acceptable to the Warrant Agent) as conclusive evidence that any such
merger, consolidation or transfer complies with the provisions of this Section
and the Indenture.

          [
Add Anti-Dilution provisions as necessary.]

Article 4

EXCHANGE AND TRANSFER

          
Section 4.01.  Exchange and Transfer. (a)
[1:  Upon] [2:  Prior to the
Detachable Date, a Warrant Certificate may be exchanged or transferred only
together with the Offered Security to which such Warrant Certificate was
initially attached, and only for the purpose of effecting, or in conjunction
with, an exchange or transfer of such Offered Security. Prior to any
Detachable Date, each transfer of the Offered Security, shall operate also to
transfer the related Warrant Certificates. On or after the Detachable Date,
upon] surrender at the corporate trust office of the Warrant Agent at [address]
[or ], Warrant Certificates evidencing Warrants may be exchanged for Warrant
Certificates in other authorized denominations evidencing such Warrants or the
transfer thereof may be
registered in whole or in part; provided, however, that such other Warrant
Certificates shall evidence the same aggregate number of Warrants as the
Warrant Certificates so surrendered.

          
(b)    The Warrant Agent shall keep, at its corporate trust office at
[address] [and at], books in which, subject to such reasonable regulations as
it may prescribe, it shall register Warrant Certificates and exchanges and
transfers of outstanding Warrant Certificates upon surrender of such Warrant
Certificates to the Warrant Agent at its corporate trust office at [address]
[or] for exchange or registration of transfer, properly endorsed [or
accompanied by appropriate instruments of registration of transfer and written
instructions for transfer, all in form satisfactory to the Company and the
Warrant Agent.]

-7-

 

          
(c)    No service charge shall be made for any exchange or registration of
transfer of Warrant Certificates, but the Company may require payment of a sum
sufficient to cover any stamp or other tax or other governmental charge that
may be imposed in connection with any such exchange or registration of
transfer.

          
(d)    Whenever any Warrant Certificates, are so surrendered for exchange or
registration of transfer, an authorized officer of the Warrant Agent shall
manually countersign and deliver to the person or persons entitled thereto a
Warrant Certificate or Warrant Certificates, duly authorized and executed by
the Company, as so requested. The Warrant Agent shall not effect any exchange
or registration of transfer which will result in the issuance of a Warrant
Certificate, evidencing a fraction of a Warrant or a number of full Warrants
and a fraction of a Warrant

          
(e)    All Warrant Certificates, issued upon any exchange or registration of
transfer of Warrant Certificates shall be the valid obligations of the Company,
evidencing the same obligations, and entitled to the same benefits under this
Agreement, as the Warrant Certificates surrendered for such exchange or
registration or transfer.

          
Section 4.02.  Treatment of Holders of Warrant Certificates. Each Holder
of a Warrant Certificate, by accepting the same, consents and agrees with the
Company, the Warrant Agent and every subsequent Holder of such Warrant
Certificate that until the transfer of such Warrant Certificate is registered
on the books of such Warrant Agent [2: or, prior to the Detachable Date, until
the transfer of the Offered Security to which such Warrant Certificate is
attached, is registered in the register of the Offered Securities], the Company
and the Warrant Agent may treat the registered Holder of such Warrant
Certificate as the absolute owner thereof for any purpose and as the person
entitled to exercise the rights represented by the Warrants evidenced thereby,
any notice to the contrary notwithstanding.

          
Section 4.03.  Treatment of Holders of Warrant Certificates. (a) Any
Warrant Certificate surrendered for exchange or registration of transfer or
exercise of the Warrants evidenced thereby shall, if surrendered to the
Company, be delivered to the Warrant Agent, and all Warrant Certificates
surrendered or so delivered to the Warrant Agent shall be promptly cancelled by
the Warrant Agent and shall not be reissued and, except as expressly permitted
by this Agreement, no Warrant Certificate shall be issued hereunder in
exchange therefor or in lieu thereof. The Warrant Agent shall cause all
cancelled Warrant Certificates to be destroyed and shall deliver a certificate
of such destruction to the Company.

          [
(b)    If the Company notifies the Trustee of its election to redeem [2:
  prior to the Detachable Date] [, as a whole but
not in part,] [2:   the Offered
Securities [or] [and]] the Warrant Securities pursuant to the Indenture or the
terms thereof, the Company may elect, and shall give notice to the Warrant
Agent of its election, to cancel the unexercised Warrants, the Warrant
Certificates and the rights evidenced thereby. Promptly after receipt of such
notice by the Warrant Agent, the Company shall, or, at the Company’s request,
the Warrant Agent shall in the name of and at the expense of the Company, give
notice of such cancellation to the Holders of the Warrant Certificates, such
notice to be so given not less than 30 nor more than 60 days prior to the date
fixed for the redemption of [2:   the Offered Securities [or] [and]] the Warrant

-8-

 

Securities pursuant to the Indenture or the terms thereof. The unexercised
Warrants, the Warrant Certificates and the rights evidenced thereby shall be
cancelled and become void on the 15th day prior to such date fixed for
redemption.]

Article 5

CONCERNING THE WARRANT AGENT

          
Section 5.01.  Warrant Agent. The Company hereby appoints [                     ] as
Warrant Agent of the Company in respect of the Warrants and the Warrant
Certificates upon the terms and subject to the conditions herein and in the
Warrant Certificates set forth; and [                     ] hereby accepts such appointment.
The Warrant Agent shall have the powers and authority granted to and conferred
upon it in the Warrant Certificates and herein and such further powers and
authority to act on behalf of the Company as the Company may hereafter grant to
or confer upon it. All of the terms and provisions with respect to such powers
and authority contained in the Warrant Certificates are subject to and governed
by the terms and provisions hereof.

          
Section 5.02.  Conditions of Warrant Agent’s Obligations. The Warrant
Agent accepts its obligations herein set forth upon the terms and conditions
hereof, including the following, to all of which the Company agrees and to all
of which the rights hereunder of the Holders from time to time of the Warrant
Certificates shall be subject:

		
	 	     (a)    
Compensation and Indemnification. The Company agrees promptly
to pay the Warrant Agent the compensation to be agreed upon with the
Company for all services rendered by the Warrant Agent and to reimburse
the Warrant Agent for reasonable out-of-pocket expenses (including
reasonable attorneys’ fees) incurred by the Warrant Agent without
negligence, bad faith or breach of this Agreement on its part in
connection with the services rendered hereunder by the Warrant Agent.
The Company also agrees to indemnify the Warrant Agent for, and to hold
it harmless against, any loss, liability or expense incurred without
negligence or bad faith on the part of the Warrant Agent,
arising out of or in connection with its acting as Warrant Agent
hereunder, as well as the reasonable costs and expenses of defending
against any claim of such liability.
	 
	 	     (b)    
Agent for the Company. In acting under this Agreement and in
connection with the Warrants and the Warrant Certificates, the Warrant
Agent is acting solely as agent of the Company and does not assume any
obligation or relationship of agency or trust for or with any of the
Holders of Warrant Certificates or beneficial owners of Warrants.
	 
	 	     (c)    
Counsel. The Warrant Agent may consult with counsel
satisfactory to it in its reasonable judgment, and the advice of such
counsel shall be full and complete authorization and protection in
respect of any action taken, suffered or omitted by it hereunder in good
faith and in accordance with the advice of such counsel.
	 
	 	     (d)    
Documents. The Warrant Agent shall be protected and shall incur
no liability for or in respect of any action taken or thing suffered by
it in reliance upon any 

-9-

 

		
	 	Warrant Certificate, notice, direction, consent,
certificate, affidavit, statement or other paper or document reasonably
believed by it to be genuine and to have been presented or signed by the
proper parties.
	 
	 	     (e)    
Certain Transactions. The Warrant Agent, and its officers,
directors and employees, may become the owner of, or acquire any interest
in, Warrants, with the same rights that it or they would have if it were
not the Warrant Agent hereunder, and, to the extent permitted by
applicable law, it or they may engage or be interested in any financial
or other transaction with the Company and may act on, or as depositary,
trustee or agent for, any committee or body of holders of Warrant
Securities or other obligations of the Company as freely as if it were
not the Warrant Agent hereunder. [Nothing in this Warrant Agreement
shall be deemed to prevent the Warrant Agent from acting as Trustee under
the Indenture.]
	 
	 	     (f)    
No Liability for Interest. The Warrant Agent shall have no
liability for interest on any monies at any time received by it pursuant
to any of the provisions of this Agreement or of the Warrant
Certificates.
	 
	 	     (g)    
No Liability for Invalidity. The Warrant Agent shall not be
under any responsibility with respect to the validity or sufficiency of
this Agreement or the execution and delivery hereof (except the due
authorization to execute this Agreement and the due execution and
delivery hereof by the Warrant Agent) or with respect to the validity or
execution of any Warrant Certificates (except its countersignature
thereof).
	 
	 	     (h)    
No Liability for Recitals. The recitals contained herein shall
be taken as the statements of the Company and the Warrant Agent assumes
no liability for the correctness of the same.
	 
	 	     (i)    
No Implied Obligations. The Warrant Agent shall be obligated to
perform only such duties as are herein and in the Warrant Certificates
specifically set forth and no implied duties or obligations shall be read
into this Agreement or the Warrant Certificates
against the Warrant Agent. The Warrant Agent shall not be under any
obligation to take any action hereunder which may tend to involve it in
any expense or liability, the payment of which within a reasonable time
is not, in its reasonable opinion, assured to it. The Warrant Agent
shall not be accountable or under any duty or responsibility for the use
by the Company of any of the Warrant Certificates countersigned by the
Warrant Agent and delivered by it to the Company pursuant to this
Agreement or for the application by the Company of the proceeds of the
Warrant Certificates. The Warrant Agent shall have no duty or
responsibility in case of any default by the Company in the performance
of its covenants or agreements contained herein or in the Warrant
Certificates or in the case of the receipt of any written demand from a
Holder of a Warrant Certificate with respect to such default, including,
without limiting the generality of the foregoing, any duty or
responsibility to initiate or attempt to initiate any proceedings at law
or otherwise or, except as provided in Section 6.02, to make any demand
upon the Company.

-10-

 

          
Section 5.03.  Resignation and Appointment of Successor. (a) The Company
agrees, for the benefit of the Holders from time to time of the Warrant
Certificates, that there shall at all times be a Warrant Agent hereunder until
all the Warrants have been exercised or are no longer exercisable.

          
(b)    The Warrant Agent may at any time resign as such by giving written
notice of its resignation to the Company, specifying the desired date on which
its resignation shall become effective; provided, however, that such date shall
be not less than 90 days after the date on which such notice is given unless
the Company agrees to accept shorter notice. Upon receiving such notice of
resignation, the Company shall promptly appoint a successor Warrant Agent
(which shall be a bank or trust company in good standing, authorized under the
laws of the jurisdiction of its organization to exercise corporate trust
powers) by written instrument in duplicate signed on behalf of the Company, one
copy of which shall be delivered to the resigning Warrant Agent and one copy to
the successor Warrant Agent. The Company may, at any time and for any reason,
remove the Warrant Agent and appoint a successor Warrant Agent (qualified as
aforesaid) by written instrument in duplicate signed on behalf of the Company
and specifying such removal and the date when it is intended to become
effective, one copy of which shall be delivered to the Warrant Agent being
removed and one copy to the successor Warrant Agent. Any resignation or
removal of the Warrant Agent and any appointment of a successor Warrant Agent
shall become effective upon acceptance of appointment by the successor Warrant
Agent as provided in this subsection (b). In the event a successor Warrant
Agent has not been appointed and accepted its duties within 90 days of the
Warrant Agent’s notice of resignation, the Warrant Agent may apply to any court
of competent jurisdiction for the designation of a successor Warrant Agent.
Upon its resignation or removal, the Warrant Agent shall be entitled to the
payment by the Company of the compensation and to the reimbursement of all
reasonable out-of-pocket expenses (including reasonable attorneys’ fees)
incurred by it hereunder as agreed to in Section 5.02(a).

          
(c)    The Company shall remove the Warrant Agent and appoint a successor
Warrant Agent if the Warrant Agent (i) shall become incapable of acting, (ii)
shall be adjudged
bankrupt or insolvent, (iii) shall commence a voluntary case or other
proceeding seeking liquidation, reorganization or other relief with respect to
it or its debts under any bankruptcy, insolvency or other similar law now or
hereafter in effect or seeking the appointment of a trustee, receiver,
liquidator, custodian or other similar official of it or any substantial part
of its property, (iv) shall consent to, or shall have had entered against it a
court order for, any such relief or to the appointment of or taking possession
by any such official in any involuntary case or other proceedings commenced
against it, (v) shall make a general assignment for the benefit of creditors or
(vi) shall fail generally to pay its debts as they become due. Upon the
appointment as aforesaid of a successor Warrant Agent and acceptance by it of
such appointment, the predecessor Warrant Agent shall, if not previously
disqualified by operation of law, cease to be Warrant Agent hereunder.

          
(d)    Any successor Warrant Agent appointed hereunder shall execute,
acknowledge and deliver to its predecessor and the Company an instrument
accepting such appointment hereunder, and thereupon such successor Warrant
Agent, without any further act, deed or conveyance, shall become vested with
all the authority, rights, powers, immunities,

-11-

 

duties and obligations of such
predecessor with like effect as if originally named as Warrant Agent hereunder,
and such predecessor shall thereupon become obligated to transfer, deliver and
pay over, and such successor Warrant Agent shall be entitled to receive, all
monies, securities and other property on deposit with or held by such
predecessor as Warrant Agent hereunder.

          
(e)    Any corporation into which the Warrant Agent hereunder may be merged
or converted or any corporation with which the Warrant Agent may be
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Warrant Agent shall be a party, or any corporation
to which the Warrant Agent shall sell or otherwise transfer all or
substantially all the assets and business of the Warrant Agent, provided that
it shall be qualified as aforesaid, shall be the successor Warrant Agent under
this Agreement without the execution or filing of any paper or any further act
on the part of any of the parties hereto.

Article 6

MISCELLANEOUS

          
Section 6.01.  Amendment. This Agreement and the terms of the Warrants and
the Warrant Certificates may be amended by the parties hereto, without the
consent of the Holder of any Warrant Certificate or the beneficial owner of any
Warrant, for the purpose of curing any ambiguity, or of curing, correcting or
supplementing any defective or inconsistent provision contained herein or in
the Warrant Certificates, or making any other provisions with respect to
matters or questions arising under this Agreement as the Company and the
Warrant Agent may deem necessary or desirable, provided that such action shall
not affect adversely the interests of the Holders of the Warrant Certificates
or the beneficial owners of Warrants in any material respect.

          
Section 6.02.  Notices And Demands to the Company and Warrant Agent.
If the Warrant Agent shall receive any notice or demand addressed to
the Company by the Holder of a Warrant Certificate pursuant to the provisions
of the Warrant Certificates, the Warrant Agent shall promptly forward such
notice or demand to the Company.

          
Section 6.03.  Addresses. Any communication from the Company to the
Warrant Agent with respect to this Agreement shall be addressed to [                     ],
Attention: [                     ], and any communication from the Warrant Agent to the
Company with respect to this Agreement shall be addressed to Amerada Hess
Corporation, 1185 Avenue of the Americas, New York, NY 10036,
Attention:  [                     ] (or such other address as shall be specified in writing by the
Warrant Agent or by the Company).

          
Section 6.04.  Applicable Law. The validity, interpretation and
performance of this Agreement and each Warrant Certificate issued hereunder and
of the respective terms and provisions hereof and thereof shall be governed by,
and construed in accordance with, the laws of the State of New York.

          
Section 6.05.  Delivery of Prospectus. The Company will furnish to the
Warrant Agent sufficient copies of a prospectus relating to the Warrant
Securities deliverable upon

-12-

 

exercise of Warrants (the “Prospectus”), and the
Warrant Agent agrees that upon the exercise of any Warrant, the Warrant Agent
will deliver to the Holder of the Warrant Certificate evidencing such Warrant,
prior to or concurrently with the delivery of the Warrant Securities issued
upon such exercise, a Prospectus. The Warrant Agent shall not, by reason of
any such delivery, assume any responsibility for the accuracy or adequacy of
such Prospectus.

          
Section 6.06.  Obtaining of Governmental Approval. The Company will from
time to time take all action which may be necessary to obtain and keep
effective any and all permits, consents and approvals of governmental agencies
and authorities and securities acts filings under United States federal and
state laws (including, without limitation, a registration statement in respect
of the Warrants and Warrant Securities under the Securities Act of 1933), which
may be or become requisite in connection with the issuance, sale, transfer and
delivery of the Warrant Certificates, the exercise of the Warrants, the
issuance, sale, transfer and delivery of the Warrant Securities issued upon
exercise of the Warrants or upon the expiration of the period during which the
Warrants are exercisable.

          
Section 6.07.  Persons Having Rights Under Warrant Agreement. Nothing in
this Agreement shall give to any person other than the Company, the Warrant
Agent and the Holders of the Warrant Certificates any right, remedy or claim
under or by reason of this Agreement.

          
Section 6.08.  Headings. The descriptive headings of the several Articles
and Sections of this Agreement are inserted for convenience only and shall not
control or affect the meaning or construction of any of the provisions hereof.

          
Section 6.09.  Counterparts. This Agreement may be executed in any number
of counterparts, each of which as so executed shall be deemed to be an
original, but such counterparts shall together constitute but one and the same
instrument.

          
Section 6.10.  Inspection of Agreement. A copy of this Agreement shall be
available at all reasonable times at the principal corporate trust office of
the Warrant Agent for inspection by the Holder of any Warrant Certificate. The
Warrant Agent may require such Holder to submit his Warrant Certificate for
inspection by it.

          
Section 6.11.  Notices to Holders of Warrants. Any notice to Holders of
Warrants evidenced by Warrant Certificates which by any provisions of this
Warrant Agreement is required or permitted to be given shall be given by first
class mail prepaid at such Holder’s address as it appears on the books of the
Warrant Agent.

-13-

 

          
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and their respective corporate seals to be hereunto affixed and
attested, all as of the date first above written.

	 	 	 	 	 
	 	 	AMERADA HESS CORPORATION
	 	 	 	 	 
	 	 	
By	 	 
	 	 	 	 	

	 	 	 	 	Name:

Title:
	 	 	 	 	 
	 	 	[WARRANT AGENT]
	 	 	 	 	 
	 	 	
By	 	 
	 	 	 	 	

	 	 	 	 	Name:

Title:

 

 

EXHIBIT A

[FORM OF WARRANT CERTIFICATE]

[Face]

	 	 	 
	 	 	
Prior to ___________, this
Warrant Certificate may be
transferred or exchanged if and only
if the [Title of Offered Security]
to which it was initially attached
is so transferred or exchanged.
	 	 	 
	Form of Legend if Warrants are not
immediately exercisable:	 	
[Prior to ___________ Warrants
evidenced by this Warrant
Certificate cannot be exercised.]

EXERCISABLE ONLY IF AUTHENTICATED

BY THE WARRANT AGENT AS PROVIDED HEREIN

VOID AFTER THE CLOSE OF BUSINESS ON _____________, ____

AMERADA HESS CORPORATION

Warrant Certificate representing

Warrants to purchase

[Title of Warrant Securities]

as described herein

	 	 	 
	No.	 	
________Warrants

     This certifies that
 [                     ]
or registered assigns is the registered
owner of the above indicated number of Warrants, each Warrant entitling such
registered owner to purchase, at any time [after the close of business on
________, ____, and] on or before
the close of business on _______, ____,
[_______shares of the [Title of Warrant Securities]] [$_____ aggregate principal
amount of [Title of Warrant Securities]] (the
“Warrant Securities”) of Amerada Hess
Corporation (the “Company”) [, issued or to be issued under the Indenture (as
hereinafter defined),] on the following basis.2 [During the period from
_________, ____ through and including
_________, ____, each Warrant shall entitle
the Holder thereof, subject to the provisions of this Agreement, to purchase
from the Company the [principal] amount of Warrant

2     Complete and modify the following
provisions as appropriate to reflect the terms of the Warrants and the Warrant Securities.

 

 

Exhibit A

page 2

Securities stated above in this Warrant Certificate at the exercise price
of [ ____ ] [____% of the principal amount thereof [plus accrued amortization,
if any, of the original issue discount of the Warrant Securities] [plus accrued
interest, if any, from the most recent date from which interest shall have been
paid on the Warrant Securities or, if no interest shall have been paid on the
Warrant Securities, from ______________, ____]; [in each case, the original
issue discount ($_______for each $1,000 principal amount of Warrant Securities)
will be amortized at a ____% annual rate, computed on a[n] [semi-]annual basis[,
using a 360-day year constituting twelve 30-day months]] (the “Exercise
Price”). The Holder of this Warrant Certificate may exercise the Warrants
evidenced hereby, in whole or in part, by surrendering this Warrant
Certificate, with the purchase form set forth hereon duly completed,
accompanied [by payment in full, in lawful money of the United States of
America,] [in cash or by certified check or official bank check in New York
Clearing House funds] [by bank wire transfer in immediately available funds]],
the Exercise Price for each Warrant exercised, to the Warrant Agent (as
hereinafter defined), at the corporate trust office of [name of Warrant Agent],
or its successor as warrant agent (the “Warrant Agent”) [or at
____________,] at the addresses specified on the reverse hereof and upon
compliance with and subject to the conditions set forth herein and in the
Warrant Agreement (as hereinafter defined). This Warrant Certificate may be
exercised only for the purchase of [shares of] Warrant Securities [in the
principal amount of] or any integral multiple thereof. [Cashless Exercise
Option]

     The term “Holder”
as used herein shall mean, prior to [                     ] (the
“Detachable Date”), the registered owner of the Company’s [title of Offered
Securities] to which such Warrant Certificate was initially attached, and after
such Detachable Date, the person in whose name at the time such Warrant
Certificate shall be registered upon the books to be maintained by the Warrant
Agent for that purpose pursuant to Section 3.01 of the Warrant Agreement.

     Any whole number of Warrants evidenced by this Warrant Certificate may be
exercised to purchase Warrant Securities in registered form. Upon any exercise
of fewer than all of the Warrants evidenced by this Warrant Certificate, there
shall be issued to the registered owner hereof a new Warrant Certificate
evidencing the number of Warrants remaining unexercised.

     This Warrant Certificate is issued under and in accordance with the
Warrant Agreement dated as of [                     ] (the “Warrant Agreement”),
between the Company and the Warrant Agent and is subject to the terms and
provisions contained in the Warrant Agreement, to all of which terms and
provisions the Holder of this Warrant Certificate consents by acceptance
hereof. Copies of the Warrant Agreement are on file at the above-mentioned
office of the Warrant Agent [and at ___________].

     [The Warrant Securities to be issued and delivered upon the exercise of
Warrants evidenced by this Warrant Certificate will be issued under and in
accordance with an Indenture, dated as of ___________ (the “Indenture”), among
the Company, as issuer, and JPMorgan Chase, as trustee (such trustee, and any
successors to such trustee, the “Trustee”) and will be subject to the terms and
provisions contained in the Warrant Securities and in the Indenture.

 

 

Exhibit A

page 3

Copies of the Indenture, including the form of the Warrant Securities, are
on file at the corporate trust office of the Trustee [and at ___________].]

     Prior to [
                     ] (the “Detachable Date”), this Warrant
Certificate may be exchanged or transferred only together with the [title of
Offered Security] (the “Offered Security”) to which this Warrant Certificate
was initially attached, and only for the purpose of effecting, or in
conjunction with, an exchange or transfer of such Offered Security.

     Additionally, on or prior to the Detachable Date, each transfer of such
Offered Security on the register of the Offered Securities shall operate also
to transfer this Warrant Certificate. After the Detachable Date, this Warrant
Certificate, and all rights hereunder, may be transferred when surrendered at
the corporate trust office of the Warrant Agent [or ___________ ] by the registered
owner or his assigns, in person or by an attorney duly authorized in writing,
in the manner and subject to the limitations provided in the Warrant Agreement.

     Except as provided in the immediately preceding paragraph, after
authentication by the Warrant Agent and prior to the expiration of this Warrant
Certificate, this Warrant Certificate may be exchanged at the corporate trust
office of the Warrant Agent [or at ___________ ] for Warrant Certificates
representing the same aggregate number of Warrants.

     This Warrant Certificate shall not entitle the registered owner hereof to
any of the rights of a registered holder of the Warrant Securities, including,
without limitation, [the right to receive payments of principal of (and
premium, if any) or interest, if any, on the Warrant Securities or to enforce
any of the covenants of the Indenture] [the right to receive dividend payments
on the Warrant Securities or any voting rights].

     Reference is hereby made to the further provisions of this Warrant
Certificate set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.

     This Warrant Certificate shall not be valid or obligatory for any purpose
until authenticated by the Warrant Agent.

 

 

Exhibit A

page 4

     IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be
duly executed under its corporate seal.

Dated:_____________________________

	 	AMERADA HESS CORPORATION

	 	By______________________________

Attest:

___________________________________

Certificate of Authentication

     This is one of the Warrant Certificates referred to in the
within-mentioned Warrant Agreement.

_________________________________

                    As Warrant Agent

By_______________________________

                    Authorized Signature

 

 

Exhibit A

page 5

[REVERSE] [FORM OF WARRANT CERTIFICATE]

(Instructions for Exercise of Warrants)

     To exercise any Warrants evidenced hereby, the Holder of this Warrant
Certificate must pay [in cash or by certified check or official bank check in
New York Clearing House funds or by bank wire transfer in immediately available
funds], the Exercise Price in full for each of the Warrants exercised, to [      
], Corporate Trust Department, [            
], Attn: [            ] [or ________
],
which payment should specify the name of the Holder of this Warrant Certificate
and the number of Warrants exercised by such Holder. In addition, the Holder
of this Warrant Certificate should complete the information required below and
present in person or mail by registered mail this Warrant Certificate to the
Warrant Agent at the addresses set forth below.

[FORM OF EXERCISE]

(To be executed upon exercise of Warrants.)

     The undersigned hereby irrevocably elects to exercise
[                     ]
Warrants, represented by this Warrant Certificate, to purchase [____shares of
[Title of Warrant Securities]] [$_______ aggregate principal amount of the
[Title of Warrant Securities]] (the “Warrant
Securities”) of Amerada Hess Corporation and represents that he has tendered payment for such Warrant
Securities [in cash or by certified check or official bank check in New York
Clearing House funds or by bank wire transfer in immediately available funds]
to the order of Amerada Hess Corporation, c/o Treasurer in the amount of $[      
              ] in
accordance with the terms hereof. The undersigned requests that said
[principal] amount of Warrant Securities be in fully registered form, in the
authorized denominations, registered in such names and delivered, all as
specified in accordance with the instructions set forth below.

 

 

Exhibit A

page 6

     If said [principal] amount of Warrant Securities is less than all of the
Warrant Securities purchasable hereunder, the undersigned requests that a new
Warrant Certificate representing the remaining balance of the Warrants
evidenced hereby be issued and delivered to the undersigned unless otherwise
specified in the instructions below.

	 	 	 	 	 
	Dated:	 	Name	 	     
	 	 	 	 	(Please Print)
	 	 	 	 	 
	(Insert Social Security or Other

Identifying Number of Holder)	 	 
Address	 	     
	 	 	 	 	     
	 	 	 	 	     
	 	 	 	 	     
	 	 	 	 	 
	 	 	Signature	 	     

(Signed exactly as name appears

on the other side of this Warrant

Certificate)

	 	 
	This Warrant may be exercised at the following addresses:
	 	 
	By hand at	 
	 	 
	 	 
	 	 
	 	 
	 	          
	By mail at	 
	 	 
	 	 
	 	 
	 	 

 

	 
	(Instructions as to form and delivery of Warrant Securities and/or Warrant Certificates):

 

 

Exhibit A

page 7

[[FORM OF ASSIGNMENT]

(TO BE EXECUTED TO TRANSFER THE WARRANT CERTIFICATE)

          
     FOR VALUE RECEIVED ______________ hereby sells, assigns and transfers unto

          
     Please insert social security or other identifying number

          
     ___________________________________________

	 	 
	 
	
	 
	(Please print name and address including zip code)	 

the right represented by the within Warrant Certificate and does hereby
irrevocably constitute and appoint ______________________, Attorney, to transfer
said Warrant Certificate on the books of the Warrant Agent with full power of
substitution.

Dated:

	 	

Signature

(Signed exactly as name appears on the
other side of this Warrant Certificate)

Signature Guarantee:

_________________________________________]

Participant in a recognized Signature Guarantee

Medallion Program (or other signature guarantor

program reasonably acceptable to the Warrant

Agent)

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