Document:

Parent Shareholders' Agreement

 Exhibit 10.21 
 STOCKHOLDERS’ AGREEMENT 
 This STOCKHOLDERS’ AGREEMENT is made and entered into as
of January 14,2000, by and among Forman Petroleum Corporation, a Louisiana corporation (the “Company”), and each of the other Persons listed on the signature pages attached hereto or otherwise party to this Agreement (the
“Holders”). 
 WITNESSETH 
 WHEREAS, the Company and each of the Holders deem it to be in their best interests to provide for continuity in the control and operation of the Company, for restrictions on the transfer of certain securities and for various other
matters set forth herein. 
 NOW, THEREFORE, in consideration of the agreements and mutual covenants set forth herein, the parties
agree as follows: 
 SECTION 1 
 DEFINITIONS 
 As used in this Agreement, the following terms have the following meanings: 
 “Affiliate” means, with respect to any specified Person, (a) any subsidiary of such Person; (b) any other Person directly or
indirectly controlling or controlled by or under direct or indirect common control with such specified Person; (c) any other Person that owns, directly or indirectly, 10% or more of such specified Person’s capital stock; (d) any
officer or director of (i) any such specified Person, (ii) any subsidiary of such specified Person, or (iii) any Person described in clause (b) or (c) above; or (e) any heir or legatee or other Person having a
relationship with any natural Person by blood, marriage or adoption not more remote than first cousin or any Person directly or indirectly controlling or controlled by or under common control with such other Person described in this clause (e). For
purposes of this definition, (a) “control,” with respect to any specified Person, means the possession of the power, whether or not exercised, to direct or cause the direction of the management or policies of such person, directly or
indirectly, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative to the foregoing and (b) none of the Holders shall be deemed to
be an Affiliate of the Company. 
 “Agreement” shall mean this Stockholders’ Agreement, including all Exhibits hereto, as it
may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 
 “Approved Sale” has the
meaning assigned to such term in Section 3(a). 
 “Bankruptcy Code” shall mean Title 11 of the United States Code entitled
“Bankruptcy,” as amended, or any successor statute. 
 “Board” shall mean the Board of Directors of the Company.

  

 “Common Shares” shall mean the issued and outstanding shares of common stock, no par value, of
the Company. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. “Forman” shall mean McLain J.
Forman. 
 “Majority Holders” shall mean a majority of the Common Shares held of record by the TCW Funds and their respective
Affiliates, so long as such Persons hold at least 25% of the Common Shares, and, thereafter, shall mean the Holders of record holding a majority of the Common Shares. 
 “Major Decisions” has the meaning assigned to such term in Section 4(b). 
 “Other
Holders” shall mean the Holders designated as such on the signature page hereto. 
 “Permitted Forman Transferee” shall mean
any friend of Forman or immediate member of Forman’s family who receives Securities from Forman by gift, donation or other gratuitous inter vivos Transfer. 
 “Permitted Transfer” means (a) any Transfer by a Holder to any of its Affiliates, (b) any Transfer in connection with an Approved Sale and (c) any Transfer by Forman to a Permitted Forman
Transferee. 
 “Person” shall mean any individual, corporation, partnership, limited liability company, joint venture, association,
joint stock company, trust, unincorporated organization or government or agency or political subdivision thereof. 
 “Public
Offering” has the meaning assigned to such term in the Registration Rights Agreement, dated as of January 14, 2000, among the Company and each of the other Persons listed on the signature pages attached thereto or otherwise party to such
agreement. 
 “Sale of the Company” means, in one or a series of related transactions, the sale of the Company to a Third Party or
“group” (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended) of Third Parties pursuant to which such Person or Persons acquire (a) securities representing a majority of the
Common Shares of the Company on a fully-diluted basis (whether by merger, consolidation, sale, liquidation, dissolution, or transfer of the Company’s outstanding securities) or (b) all or substantially all the Company’s assets
determined on a consolidated basis. 
 “SEC” means the Securities and Exchange Commission, or any successor agency thereto.

 “Securities” shall mean the Common Shares and any other shares of capital stock (and any other securities convertible into,
exchangeable for or otherwise exercisable for shares of capital stock) of the Company existing on the date of this Agreement or issued hereafter. 
 “Securities Act” means the Securities Act of 1933, as amended. “Selling Holders” has the meaning assigned to such term in Section 3 (a). 
  

 2 

 “TCW Funds” shall mean each of the parties to this Agreement listed as a “TCW Fund”
on the signature pages hereto and any Affiliate of such party that holds at any time any of the Securities. 
 “Third Party” shall
mean with respect to any proposed transferee of Securities, any Person other than an Affiliate of the proposed transferor of such Securities. 
 “Transfer” has the meaning assigned to such term in Section 2(a). “Transferee” has the meaning assigned to such term in Section 2(a). “Transferor” has the meaning assigned to such term in
Section 2(a). 
 SECTION 2 
 GENERAL PROVISIONS REGARDING TRANSFER 
 (a) General Restrictions. So long as this Agreement shall remain in force, no
Securities may be issued, sold, assigned, transferred, given away or in any way disposed of by any Holder (any of the foregoing being hereinafter referred to as a “Transfer”), other than pursuant to a Public Offering, unless: 

(i) the Person in whose favor such Transfer is made (a “Transferee”) shall deliver to the Company a written acknowledgment of
such Transferee, in the form attached as Exhibit A, that the Securities to be transferred are subject to this Agreement and confirming the Agreement of such Transferee to be bound by the provisions of this Agreement; 
 (ii) if such Transfer shall be made other than pursuant to a public offering registered under the Securities Act, and in accordance with
applicable state law, the person proposing to make such Transfer (the “Transferor”) shall give to the Company, if reasonably requested by the Company, a written opinion in form and substance reasonably satisfactory to the Company’s
legal counsel to the effect that the proposed Transfer may be effected without registration under the Securities Act or any applicable state law; and 
 (iii) the Transferor shall (A) take all such actions and execute and deliver all such documents as may be necessary or reasonably requested by the Company in order to consummate the Transfer of such Securities to
such Transferee and (B) reimburse the Company for all costs and expenses incurred by the Company in connection with the Transfer, including, but not limited to, any applicable stock transfer taxes. 
 Any attempted Transfer other than in accordance with this Agreement shall be void, and the Company shall refuse to recognize any such Transfer and shall not reflect on
the Company’s records any change in record ownership of the Securities pursuant to any such attempted Transfer. 
 (b) Pledge and
Hypothecation Prohibited. Prior to a Public Offering, without the prior written consent of the Majority Holders, no Holder (other than the TCW Funds and Forman) shall in any manner pledge, hypothecate or encumber, or grant options with respect
to, any Securities; provided that any pledgee or other potential Transferee of the TCW Funds or Forman 

  

 3 

 
shall agree to be bound by the provisions of this Agreement with respect to any Securities that are Transferred as a result of any such pledge,
hypothecation, encumbrance or other option grant pursuant to this Section 2(b). 
 (c) Rules 144 and 144A. 
 (i) Rule 144. The Company covenants that it will file any reports required to be filed by it under the Securities Act and the
Exchange Act (or, if the Company is not required to file such reports, it will, upon the request of any Holder of Securities, make publicly available such information) and that it will take such further action as the Holders of Securities may
reasonably request to the extent required from time to time to enable such Holders to sell Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 under the Securities Act, as such Rule
may be amended from time to time, or any similar rule or regulation hereafter adopted by the SEC. Upon the request of any Holder of Securities, the Company will deliver to such Holder (i) a written statement as to whether it has complied with
such reporting requirements and (ii) at the Company’s expense, an opinion of the Company’s counsel as to the availability of an exemption from the registration requirements of the Securities Act in connection with a proposed transfer
of Securities by such Holder. 
 (ii) Rule 144A. The Company shall, at all times during which it is neither subject to
the reporting requirements of Section 13 or 15 (d) of the Exchange Act, nor exempt from reporting pursuant to Rule 12g3-2(b) under the Exchange Act, promptly upon the written request of any Holder of Securities, provide in writing to such
Holder and to any prospective transferee of any of the Securities of such Holder the information concerning the Company described in Rule 144A(d)(4) under the Securities Act (“Rule 144A Information”). The Company also shall, upon the
written request of any such Holder, cooperate with and assist such Holder or any member of the National Association of Securities Dealers, Inc. PORTAL system in applying to designate and thereafter maintain the eligibility of the Common Stock for
trading through PORTAL. The Company’s obligations under this Section 2(c) shall at all times be contingent upon receipt from the prospective transferees of Securities of a written agreement to take all reasonable precautions to safeguard
the Rule 144A Information from disclosure to anyone other than Persons who will assist such transferee in evaluation the purchase of the Securities. 
 SECTION 3 
 SALE OF THE COMPANY 
 (a) Approved Sale. If Holders holding 75% or more of the Common Shares (the “Selling Holders”) approve a Sale of the Company to a Third Party or group of Third Parties and the Board has obtained a
fairness opinion from a reputable, disinterested investment banker with respect to such sale (an “Approved Sale”), then each Holder will consent to and raise no objections against the Approved Sale. If the Approved Sale (A) is
structured as a merger or consolidation, each Holder shall waive any dissenters’ rights, appraisal rights, or similar rights in connection with such merger or consolidation, or (B) is structured as a sale of securities, each Holder shall
agree to sell all of his or its Securities on the terms and conditions approved by the 

  

 4 

 
Majority Holders. Each Holder shall take all necessary or desirable actions in connection with the consummation of the Approved Sale as requested by the
Company. 
 (b) Other Securities. The obligations of the Holders with respect to the Approved Sale are subject to the condition that
each Holder of Securities then currently convertible, exchangeable, or exercisable for Common Shares shall be given an opportunity at the election of the Holder to either (A) exercise such rights before the consummation of the Approved Sale and
participate in such sale as Holders of Common Shares, or (B) to sell such Securities as part of such Approved Sale at a price equal to the full purchase price determined for Common Shares as part of the Approved Sale, reduced by the aggregate
exercise price for such Securities. 
 (c) Purchaser Representative. If the Company or the Selling Holders enter into any negotiation
or transaction for which Rule 506 promulgated under the Securities Act (or any similar rule then in effect) may be available with respect to such negotiation or transaction (including a merger, consolidation, or other reorganization), each Holder
will, at the request of the Company, appoint either a purchaser representative (as such term is defined in Rule 501 promulgated under the Securities Act) designated by the Company, in which event the Company will pay the fees of such purchaser
representative, or another purchaser representative (reasonably acceptable to the Company), in which event such Holder will be responsible for the fees of the purchaser representative so appointed. 
 (d) Expenses of Sale. Each Holder transferring Securities pursuant to this Section 3 will bear its pro rata share (based upon the number of
Securities to be sold) of the costs of any sale of Securities pursuant to an Approved Sale to the extent such costs are incurred for the benefit of all such Holders of Securities and are not otherwise paid by the Company or the acquiring party.
Costs incurred by the Holders of Securities on their own behalf will not be considered costs of the Approved Sale. Each Holder transferring Securities pursuant to this Section 3 shall be obligated to join on a pro rata basis (based upon the
number of Securities to be sold) in any indemnification or other obligations that are part of the terms and conditions of the Approved Sale (other than any such obligations that relate specifically to a particular Holder, such as indemnification
with respect to representations and warranties given by a Holder regarding such Holder’s title to and ownership of Securities); provided, that the aggregate amount of all payments made by each Holder (other than payments in respect of
any such obligations that relate specifically to a particular Holder) in satisfaction of claims for indemnification shall not exceed the aggregate proceeds of the Securities Transferred pursuant to this Section 3 by such Holder. 
 SECTION 4 
 BOARD OF DIRECTORS
REPRESENTATION AND MANAGEMENT RIGHTS 
 (a) Representation. The TCW Funds shall be entitled to designate one (1) member of
the Board (the “TCW Designee”), unless and until the earlier of such date that (i) the TCW Funds collectively own less than 5% of the Common Shares, or (ii) solely as a result of any Transfers by the TCW Funds, the TCW Funds
collectively own less than 10% of the Common Shares. Jefferies & Company, Inc. (“Jefferies”) shall be entitled to designate one (1) member of the Board (the “Jefferies Designee”), unless and until the earlier of
such date that (i) Jefferies owns less than 5% of the Common Shares, or (ii) solely as a result of any Transfers by Jefferies, 

  

 5 

 
Jefferies owns less than 10% of the Common Shares. McLain J. Forman shall be entitled to designate one (1) member of the Board (the “Forman
Designee”), unless and until the date he has Transferred 50% or more of the Securities of the Company that he owned as of the date hereof to Persons other than Permitted Forman Transferees and the aggregate ownership interest of Forman and
Permitted Forman Transferees represents (or which when converted into, exchanged for or exercised for shares of capital stock of the corporation, would represent) less than 10% of the voting power of the Company. Any Person entitled to designate a
member of the Board pursuant to the foregoing provisions also shall be entitled, exclusively and in such person’s sole discretion, to designate such member for removal from the Board. The Holders shall take all action within their respective
power, including the voting of Common Shares, required to cause the election of the TCW Designee, the Jefferies Designee and the Forman Designee to the Board, or to remove any member of the Board designated for removal by the TCW Funds, Jefferies or
Forman, as applicable. The TCW Funds and Jefferies shall select which Board member shall serve as Chairman of the Board; provided that such Holder is entitled to designate a member of the Board at such time. The parties agree that a fourth
director shall be elected by the stockholders of the Company in accordance with the Company’s bylaws. The parties understand that neither the TCW Designee nor the Jefferies Designee nor the fourth director to be elected by the stockholders may
be a current director, officer, or employee of Jefferies or any Affiliate of Jefferies. Any Person entitled to designate a member of the Board pursuant to the foregoing provisions agrees to certify in writing, in form reasonably satisfactory to the
Company, the number of Common Shares beneficially owned by such Person as of the record date set for the stockholders meeting at which the directors will be elected and to deliver such certificate to the Company within five days after such record
date. 
 (b) Major Decisions. Subject to clause (c) below, no action shall be taken, sum expended, decision made or obligation
..incurred by or on behalf of the Company with respect to any matter unless approved or ratified by a majority of the Board if such action would constitute a Major Decision. “Major Decisions” shall mean and consist of the following:

 (i) approval of the annual and quarterly capital expenditure and operating budgets of the Company; 
 (ii) approving or incurring any capital expenditure, purchase or other expenditure of the Company which exceeds in the aggregate with all
other capital expenditures, purchases or other expenditures during the fiscal year in which such purchase or expenditure is approved or incurred, $50,000, unless such capital expenditure, purchase or other expenditure is identified in the annual or
quarterly capital expenditure and operating budget of the Company previously approved by the Board; 
 (iii) the sale, lease
or other disposition of assets of the Company, other than assets having a fair market value, individually or in the aggregate with assets sold, leased or otherwise disposed in a transaction or series of related transactions, of less than $50,000;

 (iv) entering into any contract or agreement that could by its terms require an expenditure by the Company of more than
$10,000 during any fiscal year, whether for purposes of acquisition of seismic data, exploration or otherwise; 
  

 6 

 (v) the incurrence or assumption of any indebtedness for borrowed money by, or the
repayment (other than in accordance with the express terms thereof) refinancing of any indebtedness of, the Company or the granting of any mortgage, lien or other encumbrance on any of the assets of the Company or the giving of any guaranty by the
Company; 
 (vi) the commitment to drill or drilling of any well (whether exploratory or developmental) by the Company;

 (vii) the issuance of any Securities of the Company; 
 (viii) terminating or materially modifying any material agreement, including any lease relating to an oil and gas property, to which the
Company is or hereafter becomes a party; 
 (ix) the acquisition of a working interest in or under any lease relating to an
oil and gas property, or entering into an operating agreement with respect thereto; 
 (x) the appointment or termination of
the officers or senior managers of the Company and the establishment of (a) benefit plans, salaries and bonuses for officers or directors of the Company and (b) the organizational structure and staffing plan, including salary ranges for
each position; 
 (xi) payment of any dividend, distribution, redemption payment or other payment to the stockholders of the
Company; 
 (xii) any amendment of the bylaws of the Company; 
 (xiii) granting to any individual the authority to open and draw checks on bank accounts in the name of the Company or endorse checks for
deposit to such accounts; 
 (xiv) any decision with respect to the principal place of business of the Company or the fiscal
year of the Company; 
 (xv) the entry by the Company into any transaction or agreement with any Affiliate of the Company; and

 (xvi) the engagement or retention of outside legal counsel by the Company. 
 In addition, any action by the Company to materially amend, modify or supplement any document, instrument, transaction or other matter described above as
a Major Decision shall require the approval of a majority of the Board if the same as so amended, modified or supplemented would be inconsistent with the terms previously approved with respect thereto by the Board. 
 (c) Compensation. Members of the Board shall not be entitled to any compensation for their service on such Board (other than reimbursement of
reasonable out-of-pocket expenses incurred in connection with Board meetings or director-related activities for services as a Board 

  

 7 

 
member) without the written consent of Majority Holders; provided, however, that no member of the Board who is an employee or officer of
(i) the Company, (ii) any Holder or (iii) any Affiliate of the Company or any Holder shall be entitled to compensation (other than reimbursement of reasonable out-of-pocket expenses incurred in connection with Board meetings or
director-related activities for services) as a Board member. 
 (d) D&O Insurance. The Company shall at all times maintain in
force for the benefit of all directors and officers of the Company coverage from a reputable insurer selected by the Majority Holders with coverages (including, without limitation, commercially available coverages against environmental liabilities)
which are not less than Twenty Five Million Dollars ($25,000,000) and deductibles which are approved by the Majority Holders. If the Company shall ever fail to pay when due any premium or other charge with respect to such insurance coverage, or
otherwise fail to renew such coverage, the Majority Holders or their Affiliates may pay such premium or charge, or renew such coverage, and the Company shall promptly reimburse such Majority Holders or their Affiliates. 
 SECTION 5 
 BUSINESS OPPORTUNITIES

 Any of the Majority Holders and any member of the Board who is a TC W Designee and Forman (subject to the restrictions as set forth in
Article V, Section 3 of his Employment Agreement), or any of their respective Affiliates, may engage or possess an interest in another business, activity or Person of any kind, nature or description, independently or with others, regardless of
whether such business, activity or Person involves the oil and gas exploration and development business or is otherwise competitive with the Company. Neither the Company nor any Holder or member of the Board shall have any rights or obligations by
virtue of this Agreement or the relationship created hereby in or to such venture or income or profits or losses derived therefrom, and the pursuit of such venture, even if competitive with the business of the company, shall not be deemed wrongful
or improper. Nothing in this Agreement or any fiduciary or other duty created hereby or as a result of serving as a member of the Board or being a shareholder of the Company is intended to impose on any of the Majority Holders or any member of the
Board who is a TC W Designee and Forman (subject to the restrictions as set forth in Article V, Section 3 of his Employment Agreement), or any of their respective Affiliates, the obligation to make available to the Company or any Holder any
specific investment or other business opportunity or to share in or impose a constructive trust on any fees, property or other considerations earned or investments made by any of the Majority Holders or any member of the board who is a TCW Designee
and Forman (subject to the restrictions as set forth in Article V, Section 3 of his Employment Agreement), or any of their respective Affiliates, including, without limitation, any investment funds or partnerships in which such Persons may
participate. 
 SECTION 6 
 CERTIFICATES 
 (a) Restrictive Endorsements. Each certificate evidencing any Securities shall bear a legend in
substantially the following form: 
  

 8 

 “The securities evidenced by this certificate are subject to a Stockholders’ Agreement dated as
of January 14,2000, copies of which are on file at the principal office of the corporation and will be furnished to the Holder on request to the Secretary of the corporation. Such Stockholders’ Agreement provides, among other things, for
certain restrictions on voting, sale, transfer, pledge, hypothecation or other disposition of the securities evidenced by this certificate.” 
 In
addition, unless counsel to the Company has advised that such legend is no longer needed, each certificate evidencing the Securities shall bear a legend in substantially the following form: 
 “The securities evidenced by this certificate have not been registered pursuant to the Securities Act of 1933, as amended (the “Act”), or
any state securities law, and such securities may not be sold, transferred or otherwise disposed of unless the same are registered and qualified in accordance with the Act and any applicable state securities laws, or in the opinion of counsel
reasonably satisfactory to the corporation such registration and qualification are not required.” 
 (b) Replacement
Certificates. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of any of its respective certificates evidencing any Securities, and (in the case of loss, theft or destruction) of
indemnity reasonably satisfactory to it, upon surrender and cancellation of such certificate or receipt of such indemnity, the Company will execute, register and deliver a new certificate of like tenor in lieu of such lost, stolen, destroyed or
mutilated certificate. 
 SECTION 7 
 EQUITABLE RELIEF 
 The parties hereto agree and declare that legal remedies may be inadequate to enforce the provisions of
this Agreement and that equitable relief, including specific performance and injunctive relief, may be used to enforce such provisions. 
 SECTION 8 
 MISCELLANEOUS 
 (a) Company Information. The Company agrees that so long as the Company shall not have registered any of its Securities pursuant to Section 12 of the Exchange Act, or filed a registration statement
pursuant to the requirements of the Securities Act, the Company will cause to be conducted an annual audit of the Company and will distribute quarterly financial statements to the shareholders, along with a brief and general summary of the financial
condition of the Company prepared by management. 
 (b) Notices. All notices and other communications provided for or permitted under
this Agreement shall be made in writing by hand-delivery, certified first-class mail, return receipt requested, next-day air courier or facsimile, in the case of the case of the Company, as follows: 
  

 9 

 Forman Petroleum Corporation 
 650 Poydras Street, Suite 2200 
 New Orleans, Louisiana 70130 
 Attn: McLain J. Forman 
 or, if to the Holders, to the addresses listed below their names on the signature pages hereto and, if to any other Person who is the registered Holder of any Securities,
to the address for the purpose of such Holder as it appears in the stock ledger of the Company or at such other address as such party may have furnished in writing to each other party hereto. Any notice shall be deemed to have been duly given when
delivered by hand, if personally delivered, and if sent by mail, two business days after being deposited in the mail, postage prepaid. 
 (c)
Amendment. This Agreement may be changed, modified or amended by a writing signed by the Majority Holders; provided that no such change, modification or amendment shall be enforceable against any party to this Agreement whose rights or
obligations hereunder will be materially and adversely affected thereby unless the same shall be in writing and signed by such party. 
 (d)
Termination. This Agreement may be terminated at any time by an instrument in writing signed by the Majority Holders and, for so long as he is entitled to designate a member of the Board pursuant to Section 4(a), Forman, provided
that, for so long as he or his heirs and legatees own Securities of the Company, Section 2(c) shall not be terminated without the consent of Forman. 
 (e) Waiver. No failure or delay on the part of the parties or any of them in exercising any right, power or privilege hereunder, nor any course of dealing between the parties or any of them shall operate as a
waiver of any such right, power or privilege nor shall any single or partial exercise of any such right, power or privilege preclude the simultaneous or later exercise of any other right, power or privilege. The rights and remedies herein expressly
provided are cumulative and are not exclusive of any rights or remedies which the parties or any of them would otherwise have. No notice to or demand on the Company shall entitle the Company to any other or further notice or demand in similar or
other circumstances or constitute a waiver of the rights of the other parties or any of them to take any other or further action in any circumstances without notice or demand. 
 (f) Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which
together shall constitute one and the same instrument. 
 (g) Governing Law. This Agreement shall be construed in accordance with and
governed by the internal laws of the State of Louisiana applied to contracts to be made and to be performed therein without giving effect to the considerations of conflicts of laws. 
 (h) Filing. A copy of this Agreement and of all amendments hereto shall be filed at the principal office of the Company. 
 (i) All Securities Subject to this Agreement. 
  

 10 

 (i) Any Securities now or hereafter held by any Person who is a party to this Agreement
shall be held by such Person subject to the transfer and other restrictions of this Agreement and such Person shall be deemed to be a “Holder” for all such purposes of this Agreement; 
 (ii) A Holder who ceases to own any Securities as provided for in this Agreement shall cease to be a Holder for purposes of this
Agreement; and 
 (iii) The provisions of this Agreement shall be deemed to apply equally to any Security or other equity
securities distributed in respect of the Securities. 
 (j) Benefit and Binding Effect. Except as otherwise provided in this
Agreement, no right under this Agreement shall be assignable and any attempted assignment in violation of this provision shall be void. The rights of McLain J. Forman under this Agreement shall vest automatically in his heirs and legatees upon
compliance with the requirements of Section 2(a), except that no legal opinion shall be required. 
 (k) Severability. In the
event that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provisions in every other respect and of
the remaining provisions contained herein shall not be affected or impaired thereby. 
 (l) Further Assurances. Each Holder shall
cause all Securities that are entitled to vote and are registered in the name of such Holder to be voted, and will otherwise take or cause to be taken all such other action as may be necessary, to implement the provisions of this Agreement and shall
not take any action inconsistent herewith or therewith. 
 [The remainder of this page intentionally left blank.] 
  

 11 

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

			
	 FORMAN PETROLEUM CORPORATION,
 a
Louisiana corporation

		
	 By:
	 	 /s/ McLain J. Forman

		 	 Name: McLain J. Forman
 Title: CEO

  

			
	 TCW FUNDS:
  
 TCW/CRESCENT MEZZANINE PARTNERS, L.P.
 TCW/CRESCENT MEZZANINE
TRUST
 TCW/CRESCENT MEZZANINE INVESTMENT PARTNERS, L.P.

		
	 By:
	 	 TCW/Crescent Mezzanine, L.L.C.
 Its General Partner or Managing Director

		
	 By:
	 	/s/ Nicholas W. Tell, Jr.
		 	 Name: Nicholas W. Tell, Jr.
 Title: Managing Director

		
	 By:
	 	/s/ Darryl L. Schall
		 	 Name: Darryl L. Schall
 Title: Senior Vice President

  

			
	TCW SHARED OPPORTUNITY FUND II, L.P.
		
	 By:
	 	 TCW Asset Management Company,
 Its Investment Manager

		
	 By:
	 	/s/ Nicholas W. Tell, Jr.
		 	 Name: Nicholas W. Tell, Jr.
 Title: Managing Director

		
	 By:
	 	/s/ Darryl L. Schall
		 	 Name: Darryl L. Schall
 Title: Senior Vice President

 SIGNATURE PAGE TO STOCKHOLDERS’ AGREEMENT 

			
	TCW LEVERAGED INCOME TRUST, L.P.
		
	 By:
	 	 TCW Advisors (Bermuda), Ltd.
 As General Partner

		
	 By:
	 	/s/ Nicholas W. Tell, Jr.
		 	 Name: Nicholas W. Tell, Jr.
 Title: Managing Director

		
	 By:
	 	/s/ Darryl L. Schall
		 	 Name: Darryl L. Schall
 Title: Senior Vice President

 SIGNATURE PAGE TO STOCKHOLDERS’ AGREEMENT 
  

			
	 OTHER HOLDERS:
  
 JEFFERIES & COMPANY, INC.

		
	 By:
	 	/s/ Jerry M. Gluck
		 	 Name: Jerry M. Gluck
 Title: Executive Vice President

 SIGNATURE PAGE TO STOCKHOLDERS’ AGREEMENT 
  

			
	BANKAMERICA INVESTMENT CORP.
		
	 By:
	 	/s/ P. F. Van Winkk
		 	 Name: P. F. Van Winkk
 Title: Attorney-in-Fact

 SIGNATURE PAGE TO STOCKHOLDERS’ AGREEMENT 
  

			
	KOCH INDUSTRIES, INC.
		
	 By:
	 	/s/ James R. McBride
		 	 Name: James R. McBride
 Title: Director, Koch Ind, Inc.

 SIGNATURE PAGE TO STOCKHOLDERS’ AGREEMENT 
  

			
	MCLAIN J. FORMAN
		
	 By:
	 	/s/ McLain J. Forman
		 	 McLain J. Forman

 SIGNATURE PAGE TO STOCKHOLDERS’ AGREEMENT 
  

	
	
	   
	 Type or Print Name of Beneficial Holder

			
		
	 By:
	 	  
		 	 Name:
 Its:

  

			
		
	 Address:
	 	  
	  
	  
	  

 SIGNATURE PAGE TO STOCKHOLDERS’ AGREEMENT 
  
  

 EXHIBIT A 
 ACKNOWLEDGMENT OF TRANSFEREE 
 This Acknowledgment (“Acknowledgment”) is executed pursuant
to the terms of the Stockholders’ Agreement of Forman Petroleum Corporation (the “Company”) dated as of January 14, 2000, a copy of which is attached hereto (the “Agreement”), by the transferee (“Transferee”)
executing this Acknowledgment. By the execution of this Acknowledgment, the Transferee agrees as follows: 
 1. Acknowledgment.
Transferee acknowledges that Transferee is acquiring certain Securities of the Company, subject to the terms and conditions of the Agreement (including the Exhibits thereto). Capitalized terms used herein without definition are defined in the
Agreement and are used herein with the same meanings set forth therein. 
 2. Agreement. Transferee (a) agrees that the
Securities acquired by Transferee shall be bound by and subject to the terms of the Agreement (including the Exhibits thereto) and (b) hereby joins in, and agrees to be bound by, the Agreement (including the Exhibits thereto) with the same
force and effect as if he were originally a party thereto. 
 3. Notice. Any notice required as permitted by the Agreement shall be
given to Transferee at the address listed beside Transferee’s signature below. 
 4. Joinder. The spouse of the undersigned
Transferee, if applicable, executes this Acknowledgment to acknowledge its fairness and that it is in such spouse’s best interests, and to bind such spouse’s community interest, if any, in the Securities to the terms of the Agreement
(including the Exhibits thereto). 
 EXECUTED AND DATED on this
             day of             ,             .

  

			
	TRANSFEREE:
		
	 By:
	 	  
	 Notice
 Address:
	 	  
	  
	  

  

			
	SPOUSE:
		
	 By:
	 	  
		 	

 EXHIBIT AForm of Voting Agreement

 Exhibit 10.112 
 [FORM OF] VOTING AGREEMENT 
 This VOTING AGREEMENT (this “Agreement”) dated as of
October 24, 2006, is entered into among Microsemi Corporation, a Delaware corporation (the “Parent”), and the undersigned shareholder (the “Shareholder”) of PowerDsine Ltd., an Israeli company (the “Company”).
Except as otherwise provided herein, capitalized terms that are used but not otherwise defined herein shall have the meanings assigned to them in the Merger Agreement (as defined below). 
 RECITALS 
 A. Contemporaneously with the execution of this Agreement, the
Company, the Parent and Pinnacle Acquisition Corporation Ltd (“Merger Sub”) are entering into an Agreement and Plan of Merger of even date herewith (the “Merger Agreement”), providing for, among other things, the merger of Merger
Sub with and into the Company, pursuant to which Merger Sub will cease to exist and the Company will become a wholly-owned subsidiary of the Parent (the “Merger”); and 
 B. As a condition to their willingness to enter into the Merger Agreement, the Parent and Merger Sub have required that the Shareholder enter into this
Agreement. 
 AGREEMENT 
 NOW, THEREFORE, in order to induce the Parent and Merger Sub to enter into the Merger Agreement, the parties hereto, intending to be legally bound, agree as follows: 
 1. Representations of Shareholder. The Shareholder represents and warrants to the Parent that: 
 (a) As of the date hereof, the Shareholder lawfully owns beneficially (as such term is defined in Rule 13d-3 of the 1934 Act) or of record each of the
ordinary shares, par value NIS 0.01 per share, of the Company (the “Company Shares”), set forth on Schedule 1(a) (the “Shares”), free and clear of all Liens (other than as set forth on Schedule 1(a) and proxies and other
restrictions in favor of the Parent and Merger Sub pursuant to this Agreement and except for such transfer restrictions of general applicability as may be provided under securities laws, including the 1933 Act and the “blue sky” laws of
the various states of the United States) and, except for this Agreement and as set forth on Schedule 1(a), there are no options, warrants or other rights, agreements, arrangements or commitments of any character to which the Shareholder is a party
relating to the pledge, disposition or Voting (as defined below) of any shares of capital stock of the Company and there are no Voting trusts or Voting agreements with respect to such Shares; 
 (b) as of the date hereof, other than as set forth on Schedule 1(a), the Shareholder does not beneficially own (as such term is used in Rule 13d-3 of the
1934 Act, but ignoring the 60-day limitation set forth therein) any Company Shares other than the Shares and does not have any options, warrants or other rights to acquire any additional shares of capital stock of the Company or any security
exercisable for or convertible or exchangeable into shares of capital stock of the Company; 

 (c) the Shareholder has full power and authority and has taken all actions necessary to enter into,
execute and deliver this Agreement and to perform fully the Shareholder’s obligations hereunder; 
 (d) this Agreement has been duly
executed and delivered by the Shareholder and constitutes the legal, valid and binding obligation of the Shareholder enforceable against the Shareholder in accordance with its terms, subject, as to enforcement, to applicable bankruptcy, insolvency,
reorganization, fraudulent conveyance and similar laws relating to creditors’ rights and to general principles of equity; 
 (e)
assuming that all consents contemplated by the Merger Agreement have been obtained, other than filings under the 1934 Act and other than such as, if not made, obtained or given, would not reasonably be expected to prevent or materially delay the
performance by Shareholder of any of its obligations under this Agreement, no notices, reports or other filings are required to be made by the Shareholder with, nor are any consents, registrations, approvals, permits or authorizations required to be
obtained by the Shareholder from, any Governmental Authority or any other Person or entity, in connection with the execution and delivery of this Agreement by the Shareholder; and 
 (f) the execution, delivery and performance of this Agreement by the Shareholder does not, and the consummation by the Shareholder of the transactions
contemplated hereby will not, result in a violation or breach of, or constitute (with or without due notice or lapse of time or both) a default (or give rise to any right of termination, cancellation, modification or acceleration) (whether after the
giving of or the passage of time of both) under any contract, agreement, arrangement or commitment to which the Shareholder is a party or which is binding on it, him or her or its, his or her assets and will not result in the creation of any Lien on
any of the assets or properties of the Shareholder (other than the Shares), except for such violations, breaches, defaults, terminations, cancellations, modifications, accelerations or Liens as would not reasonably be expected to prevent or
materially delay the performance by Shareholder of any of its obligations under this Agreement. 
 2. Voting. From the date hereof
until any termination of this Agreement in accordance with its terms, Shareholder hereby agrees that at any meeting of the shareholders of the Company, however called, and in any written action by consent of shareholders of the Company, Shareholder
shall cause to be counted as present thereat for purposes of establishing a quorum and shall Vote, or cause to be Voted, any and all of the Shares (or, with respect to New Shares (as defined in Section 3), owned hereafter) as follows:

 (a) FOR the adoption and approval of the Merger Agreement and the transactions contemplated thereby (the “Transactions”),
including the Merger; 
 (b) AGAINST any action or agreement that would compete with, or materially impede, or interfere with or that would
reasonably be expected to discourage the Transactions; or inhibit the timely consummation of the Transactions, and 
 (c) except for the
Merger, AGAINST any Acquisition Proposal, or merger, consolidation, business combination, reorganization, recapitalization, liquidation or sale or transfer of any material assets of the Company or its Subsidiaries not permitted pursuant to
Section 6.01 of the Merger Agreement. 
  

 2 

 For purposes of this Agreement, “Vote” includes voting in person or by proxy in favor of or against any action,
otherwise consenting or withholding consent in respect of any action. “Voting” shall have a correlative meaning. 
 3.
Proxy. In furtherance of the Shareholder’s agreement in Section 2 above, the Shareholder hereby appoints                     
and                      and each of them as his, her or its proxies, with power of substitution and resubstitution, to Vote all of the Shares
and all Company Shares which the Shareholder purchases or otherwise of which the Shareholder acquires beneficial ownership (as such term is used in Rule 13d-3 of the 1934 Act, but ignoring the 60-day limitation set forth therein, and excluding any
Company Shares that may be deemed to be beneficially owned by the Shareholder as a result of the grant to the Shareholder of proxies in connection with the Company Shareholder Meeting) after the execution of this Agreement (“New Shares”)
in the manner described by Section 2 above. 
 This proxy (this “Proxy”) applies to any Vote (i) at any meeting of the
shareholders of the Company, and any adjournment or postponement thereof, at which the matters described above are considered, including the Company Shareholder Meeting, and (ii) in connection with any written consent of the shareholders of the
Company. THIS PROXY IS COUPLED WITH AN INTEREST, IS GRANTED TO SECURE THE RIGHTS OF PARENT AND MERGER SUB, REVOKES ALL PRIOR PROXIES GRANTED BY THE SHAREHOLDER AND IS IRREVOCABLE (to the fullest extent permitted by Israeli law and the Company
Charter Documents) until such time as this Agreement terminates in accordance with its terms, at which time this Proxy shall expire. 
 4.
No Voting Trusts. From the date hereof until any termination of this Agreement in accordance with its terms, the Shareholder will not, nor will the Shareholder permit any entity under the Shareholder’s control to, deposit any of the
Shares or New Shares in a Voting trust or subject any of the Shares or New Shares to any arrangement with respect to the Voting of such Shares or New Shares other than agreements entered into with the Parent. 
 5. No Proxy Solicitations. Except in connection with activities permitted under Section 6.03(b) of the Merger Agreement, from the date hereof
until any termination of this Agreement in accordance with its terms, the Shareholder will not, nor will the Shareholder permit any entity under the Shareholder’s control, to: 
 (a) solicit, initiate, or take an action intended to encourage or induce the making, submission or announcement of any Acquisition Proposal; 

(b) take an action intended to, directly or indirectly, encourage, or initiate or cooperate in, a shareholders’ Vote or action by consent of the
Company’s shareholders in opposition to or in competition with the consummation of the Transactions, including the Merger; or 
 (c)
become a member of a “group” (as such term is used in Section 13(d) of the 1934 Act) with respect to any voting securities of the Company for the purpose of opposing or competing with the consummation of the Transactions, including
the Merger. 
  

 3 

 6. Transfer and Encumbrance. On or after the date hereof and during the term of this Agreement,
the Shareholder agrees not to (a) directly or indirectly, sell, offer, contract or grant any option to sell (including without limitation any short sale), pledge, transfer, or otherwise dispose of any of the Shares or the New Shares, or
(b) publicly announce an intention to do any of the foregoing. 
 7. Shareholder Capacity. To the extent that the Shareholder is
an officer or director of the Company, nothing in this Agreement shall be construed as preventing or otherwise affecting any actions taken by the Shareholder in his or her capacity as an officer or director of the Company or any of its Subsidiaries
or from fulfilling the obligations of such office (including the performance of obligations required by the fiduciary duties of the Shareholder acting solely in his or her capacity as an officer or director) , including, without limitation,
participating in any such capacity in any discussions or negotiations in accordance with Section 6.03 of the Merger Agreement. 
 8.
Specific Performance. The parties acknowledge that there may be no adequate remedy at law for a breach of this Agreement and that money damages may not be an appropriate remedy for breach of this Agreement. Therefore, the parties agree that
each party has the right to seek injunctive relief and specific performance of this Agreement in the event of any breach hereof in addition to any rights it may have for damages. The remedies set forth in this Section 8 are cumulative and shall
in no way limit any other remedy any party hereto has at law, in equity or pursuant hereto. 
 9. Entire Agreement; Amendment; Waiver.
This Agreement (including the schedule hereto) contains the entire agreement between the parties hereto with respect to the subject matter hereof and thereof and supersedes all prior agreements and understandings, oral or written, with respect to
such matters. Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed, in the case of an amendment, by the parties, or in the case of a waiver, by the party against whom the waiver
is to be effective. No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the
exercise of any other right, power or privilege. 
 10. Notices. All notices, claims, demands and other communications hereunder shall
be in writing and shall be deemed given when delivered personally or by internationally recognized overnight courier (providing proof of delivery), or sent via telecopy (receipt confirmed) to the parties at the following addresses or telecopy
numbers (or at such other address or telecopy numbers for a party as shall be specified by like notice): 
 To the Parent: 
  

			
	Microsemi Corporation
	2381 Morse Avenue
	Irvine, California 92614
	Telecopy No.: +1-949-756-0308
	Attention:	  	   Steve Litchfield

  

 4 

 with a copy (which shall constitute notice) to : 
  

			
	O’Melveny & Myers LLP
	2765 Sand Hill Road
	Menlo Park, California 94025
	USA
	Telecopy No.: +1 650.473.2601
	Attention:	  	   Warren Lazarow
		  	   Steve L. Camahort

 and: 
 Yigal Arnon & Co. 
 22 Rivlin Street 
 Jerusalem 94263 
 Israel 
 Telecopy No.: +972.3.623.9236 
 Attention:
      Barry Levenfeld, Adv. 
 If to the Shareholder, to the address or facsimile number set forth for the
Shareholder on the signature page hereof: 
 with a copy to : 
 Paul, Weiss, Rifkind, Wharton & Garrison LLP 
 1285 Avenue of the Americas 
 New York, New York 10019 
 Telecopy No.:
+1.212.759.5700 
 Attention:       Douglas A. Cifu 
 and: 
 Davis Polk & Wardwell

 1600 El Camino Real 
 Menlo
Park, California 94025 
 Telecopy No.: +1 650.752.2111 
 Attention:       Alan F. Denenberg 
 and: 
 Gross, Kleinherdler, Hodak, Halevy, Greenberg & Co. 
 1 Azrieli Center 
 Tel Aviv 67021 
 Israel 
 Telecopy No.: +972.3.607.4470

 Attention:       Amir Halevy, Adv. 
  

 5 

 11. Miscellaneous. 
 (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY OTHER CHOICE OF LAW OR CONFLICT OF LAW PROVISION OR RULE
(WHETHER OF THE STATE OF DELAWARE OR OTHERWISE) THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION, OTHER THAN THE STATE OF DELAWARE. 
 (b) Venue; Waiver of Jury Trial. In addition, each of the parties (a) consents to submit itself to the personal jurisdiction of any Federal court (and if such Federal court finds that it can not exercise jurisdiction any
Delaware state court) sitting in Newcastle County in the State of Delaware and higher courts sitting in other locations with jurisdiction with respect to any appeals from such courts, if any dispute arises out of this Agreement, (b) agrees that
it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, including (i) any claim that it is not personally subject to the jurisdiction of the above-named courts for any reason
other than the failure to lawfully serve process, (ii) that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to
judgment, attachment in aid of execution of judgment, execution of judgment or otherwise), (iii) to the fullest extent permitted by applicable law, that (1) the suit, action or proceeding in any such court is brought in an inconvenient
forum, (2) the venue of such suit, action or proceeding is improper and (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such courts and (c) agrees that it will not bring any action relating to this
Agreement in any court other than a Federal court (or if such Federal court finds that it can not exercise jurisdiction) such Delaware state court sitting in Newcastle County in the State of Delaware. EACH OF THE PARENT AND THE SHAREHOLDER
IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE NEGOTIATION OR ENFORCEMENT
HEREOF. Each party to this Agreement hereby agrees that in connection with any such action process may be served in the same manner as notices may be delivered under Section 11 and irrevocably waives any defenses or objections it may have to
service in such manner 
 (c) Severability. If any term or other provision of this Agreement or the application hereof is invalid,
illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect. If the final judgment of a court of competent jurisdiction or other
authority declares that any term or provision hereof is invalid, void or unenforceable, the parties agree that the court making such determination shall have the power to and shall, subject to the discretion of such court, reduce the scope,
duration, area or applicability of the term or provision, to delete specific words or phrases, or to replace any invalid, void or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to
expressing the intention of the invalid or unenforceable term or provision. 
  

 6 

 (d) Binding Effect and Assignment. This Agreement and all of the provisions hereof shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, but, except as otherwise specifically provided herein, neither this Agreement nor any of the rights, interests or obligations of the
parties hereto may be assigned or delegated by either of the parties without prior written consent of the other. 
 (e) Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall be considered (whether delivered by telecopy or otherwise) one and the same agreement and shall become effective when one or more counterparts have been signed by each of
the parties and delivered to the other parties, it being understood and agreed that all parties need not sign the same counterpart. 
 (f)
Termination. This Agreement shall terminate upon the earliest to occur of (i) the Closing and (ii) the termination of the Merger Agreement in accordance with its terms; provided, however, that termination of this Agreement
shall not relieve any party from breach of its obligations hereunder prior to such termination. 
 (g) Further Assurances. Each party
hereto shall execute and deliver such additional instruments and other documents and shall take such further actions as may be reasonably necessary or desirable to effectuate, carry out and comply with all of the terms of this Agreement and the
transactions contemplated hereby. 
 (h) Headings. The heading references herein hereof are for convenience purposes only, and shall
not be deemed to limit or affect any of the provisions hereof. 
 (i) THIRD PARTY BENEFICIARIES. NOTHING IN THIS AGREEMENT, EXPRESS OR
IMPLIED, IS INTENDED TO CONFER UPON ANY PERSON OTHER THAN THE PARENT, THE SHAREHOLDER AND THEIR RESPECTIVE SUCCESSORS AND ASSIGNS, ANY RIGHTS OR REMEDIES UNDER OR BY REASON OF THIS AGREEMENT. 
 (j) Rules of Construction. The parties hereto agree that they have been represented by counsel during the negotiation and execution of this
Agreement and, therefore, waive the application of any law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document. 

 

 7 

 The parties hereto have executed and delivered this Agreement as of the date first written above.

  

			
	 MICROSEMI CORPORATION

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[SHAREHOLDER]
		
	By:	 	  

	Name:	 	
	Address:	 	
	
	Facsimile:

 Schedule 1(a) 
 Shareholder: 
 Shares Held of Record: 
 Shares Beneficially Owned: 
 Options and Other Rights: 
 Liens: 
  

 1(a)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]