Document:

Second Amendment to Second Amended and Restated Credit Agreement

 Exhibit 10.3 
 EXECUTION 
 SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT

 THIS SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Second Amendment”) is
entered into as of July 20, 2012, among POSTROCK ENERGY SERVICES CORPORATION, a Delaware corporation (“PESC”), POSTROCK MIDCONTINENT PRODUCTION, LLC, a Delaware limited liability company
(“MidContinent”; and together with PESC, collectively, the “Borrowers” and individually a “Borrower”), ROYAL BANK OF CANADA, as Administrative Agent and Collateral Agent for the
Lenders parties to the hereinafter defined Credit Agreement (in such capacities, the “Administrative Agent” and “Collateral Agent,” respectively) and the undersigned Lenders comprising Required
Lenders. 
 Reference is made to the Second Amended and Restated Credit Agreement dated as of September 21, 2010 among
Borrowers, the Administrative Agent, the Collateral Agent and the Lenders parties thereto, as amended by that certain First Amendment to Second Amended and Restated Credit Agreement dated ad of May 31, 2012 among Borrowers, the Administrative
Agent, the Collateral Agent and the Required Lenders parties thereto (the “Credit Agreement”). Unless otherwise defined in this Second Amendment, capitalized terms used herein shall have the meaning set forth in the Credit
Agreement; all section, exhibit and schedule references herein are to sections, exhibits and schedules in the Credit Agreement; and all paragraph references herein are to paragraphs in this Second Amendment. 

In connection with the redetermination of the Borrowing Base to be effective as of the Second Amendment Effective Date, the Borrowers and
Lenders have agreed to amend the Credit Agreement as hereinafter set forth. 
 Accordingly, for adequate and sufficient
consideration, the parties hereto agree, as follows: 
 Paragraph 1. Amendments. Effective as of the Second
Amendment Effective Date (hereinafter defined), the Credit Agreement is amended as follows: 
 1.1
Definitions. Section 1.01 of the Credit Agreement is amended as follows: 
 (a) The following
definition is amended in its entirety to read as follows: 
 “Agreement means this Second
Amended and Restated Credit Agreement, as amended by the First Amendment and Second Amendment and as may be further amended from time to time.” 
 (b) The following definitions are inserted alphabetically into Section 1.01 of the Credit Agreement: 

“Second Amendment means that certain Second Amendment to Second Amended and Restated Credit Agreement
dated as of July 20, 2012, among the Borrowers, the Guarantors, Royal Bank of Canada, as Administrative Agent, Collateral Agent and the Required Lenders party thereto.” 

“Second Amendment Effective Date means July 20, 2012.” 

  

					
		  	1	  	
		  		  	 Second Amendment to
 Amended and
 Restated Credit Agreement

 1.2 Section 6.23. Section 6.23 of the Credit Agreement
is amended by deleting the date “July 20, 2012” in the first sentence thereof and replacing it with “ by the earlier of (a) two Business Days subsequent to the date that Parent files its quarterly report on Form 10-Q for its
fiscal quarter ending June 30, 2012 with the Securities and Exchange Commission and (b) August 17, 2012” . 

Paragraph 2. Effective Date. This Second Amendment shall not become effective until the date (such date, the
“Second Amendment Effective Date”) the Administrative Agent receives this Second Amendment, executed by the Borrowers, the Guarantors, the Administrative and the Required Lenders. 

Paragraph 3. Acknowledgment and Ratification. The Borrowers and the Guarantors each (i) consent
to the agreements in this Second Amendment and (ii) agree and acknowledge that the execution, delivery, and performance of this Second Amendment shall in no way release, diminish, impair, reduce, or otherwise affect the respective obligations
of the Borrowers or any Guarantor under the Loan Documents to which it is a party, which Loan Documents shall remain in full force and effect, as amended and waived hereby, and all rights thereunder are hereby ratified and confirmed. 

Paragraph 4. Representations. The Borrowers and the Guarantors each represent and warrant to the Administrative
Agent and the Lenders that as of the Second Amendment Effective Date and after giving effect to the amendments set forth in this Second Amendment (a) all representations and warranties in the Loan Documents are true and correct in all material
respects as though made on the date hereof, except to the extent that any of them speak to a different specific date, and (b) no Default or Event of Default exists. 
 Paragraph 5. Expenses, Funding Losses. The Borrower shall pay on demand all reasonable costs, fees, and expenses paid or incurred by the Administrative Agent incident to this Second
Amendment, including, without limitation, Attorney Costs in connection with the negotiation, preparation, delivery, and execution of this Second Amendment and any related documents, filing and recording costs, and the costs of title insurance
endorsements, if any. 
 Paragraph 6. Miscellaneous. 

(a) This Second Amendment is a “Loan Document” referred to in the Credit Agreement. The provisions relating to Loan Documents
in Article X of the Credit Agreement are incorporated in this Second Amendment by reference. Unless stated otherwise (i) the singular number includes the plural and vice versa and words of any gender include each other gender, in
each case, as appropriate, (ii) headings and captions may not be construed in interpreting provisions, (iii) this Second Amendment will be construed, and its performance enforced, under New York law and applicable federal law and
(iv) if any part of this Second Amendment is for any reason found to be unenforceable, all other portions of it nevertheless remain enforceable. 
 Paragraph 7. Counterparts. This Second Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one
and the same agreement. Delivery of an executed counterpart of a signature page of this Second Amendment by telecopy, facsimile, photocopy or by sending a scanned copy by electronic mail shall be effective as delivery of a manually executed
counterpart of this Second Amendment. Any signature page of a counterpart may be detached therefrom without impairing the legal effect of the signatures thereon and attached to another counterpart identical in form thereto but having attached to it
one or more additional signature pages signed by other parties. 

  

					
		  	2	  	
		  		  	 Second Amendment to
 Amended and
 Restated Credit Agreement

 Paragraph 8. ENTIRE
AGREEMENT. THIS SECOND AMENDMENT REPRESENTS THE FINAL AGREEMENT BETWEEN
THE PARTIES ABOUT THE SUBJECT MATTER OF THIS AMENDMENT AND MAY NOT
BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS
OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES. 
 Paragraph 9. Parties. This Second Amendment binds and inures to the benefit
of the Borrowers, the Guarantors, the Administrative Agent, the Collateral Agent, the Lenders, and their respective successors and assigns. 
 Paragraph 10. Further Assurances. The parties hereto each agree to execute from time to time such further documents as may be necessary to implement the terms of this Second
Amendment. 
 Paragraph 11. Release. As additional consideration for the execution, delivery and
performance of this Second Amendment by the parties hereto and to induce the Administrative Agent, the Collateral Agent and the Lenders to enter into this Second Amendment, the Borrowers warrant and represent to the Administrative Agent, the
Collateral Agent and the Lenders that no facts, events, statuses or conditions exist or have existed which, either now or with the passage of time or giving of notice, or both, constitute or will constitute a basis for any claim or cause of action
against the Administrative Agent, the Collateral Agent or any Lender or any defense to (i) the payment of Obligations under the Revolving Notes and/or the Loan Documents, or (ii) the performance of any of their obligations with respect to
the Revolving Notes and/or the Loan Documents. In the event any such facts, events, statuses or conditions exist or have existed, Borrowers unconditionally and irrevocably hereby RELEASE, RELINQUISH and forever DISCHARGE Administrative Agent, the
Collateral Agent and the Lenders, as well as their predecessors, successors, assigns, agents, officers, directors, shareholders, employees and representatives, of and from any and all claims, demands, actions and causes of action of any and every
kind or character, past or present, which Borrowers may have against any of them or their predecessors, successors, assigns, agents, officers, directors, shareholders, employees and representatives arising out of or with respect to (a) any
right or power to bring any claim for usury or to pursue any cause of action based on any claim of usury, and (b) any and all transactions relating to the Loan Documents occurring prior to the date hereof, including any loss, cost or damage, of
any kind or character, arising out of or in any way connected with or in any way resulting from the acts, actions or omissions of any of them, and their predecessors, successors, assigns, agents, officers, directors, shareholders, employees and
representatives, including any breach of fiduciary duty, breach of any duty of fair dealing, breach of confidence, breach of funding commitment, undue influence, duress, economic coercion, conflict of interest, negligence, bad faith, malpractice,
intentional or negligent infliction of mental distress, tortious interference with contractual relations, tortious interference with corporate governance or prospective business advantage, breach of contract, deceptive trade practices, libel,
slander or conspiracy, but in each case only to the extent permitted by applicable Law. 
 The parties hereto have executed this
Second Amendment in multiple counterparts to be effective as of the Second Amendment Effective Date. 
 Remainder of Page
Intentionally Blank 
 Signature Pages to Follow. 

  

					
		  	3	  	
		  		  	 Second Amendment to
 Amended and
 Restated Credit Agreement

 IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly executed
as of the Second Amendment Effective Date. 
  

			
	BORROWERS:
	
	 POSTROCK ENERGY SERVICES CORPORATION,
 as a Borrower

		
	By:	 	/s/ David J. Klvac
		 	David J. Klvac
		 	Chief Accounting Officer

  

			
	 POSTROCK MIDCONTINENT PRODUCTION, LLC,
 as a Borrower,

		
	By:	 	 POSTROCK ENERGY SERVICES CORPORATION,
 Its sole member

		
	By:	 	/s/ David J. Klvac
		 	David J. Klvac
		 	Chief Accounting Officer

  

			
	GUARANTORS:
	
	 POSTROCK ENERGY CORPORATION,
 a Delaware corporation,
 as Guarantor

		
	By:	 	/s/ David J. Klvac
		 	David J. Klvac
		 	Executive Vice President, Chief Financial Officer and Chief Accounting Officer

  

			
	 STP NEWCO, INC.,
 a Delaware corporation,
 as a Guarantor

		
	By:	 	/s/ David J. Klvac
		 	David J. Klvac
		 	Chief Financial Officer

  

					
		  	Signature Page 1	  	
		  		  	 Second Amendment to
 Amended and
 Restated Credit Agreement

 
					
	 POSTROCK EASTERN PRODUCTION, LLC,
 a Delaware limited liability company,
 as Guarantor

		
	By:	 	 POSTROCK ENERGY SERVICES CORPORATION,
 a Delaware corporation,
 its sole member

			
		 	By:	 	/s/ David J. Klvac
		 		 	David J. Klvac
		 		 	Chief Accounting Officer

  

					
	 POSTROCK KPC PIPELINE, LLC,
 a Delaware limited liability company,
 as Guarantor

		
	By:	 	 POSTROCK ENERGY SERVICES CORPORATION,
 a Delaware corporation,
 its sole member

			
		 	By:	 	/s/ David J. Klvac
		 		 	David J. Klvac
		 		 	Chief Accounting Officer

  

					
		  	Signature Page 2	  	
		  		  	 Second Amendment to
 Amended and
 Restated Credit Agreement

 
			
	ADMINISTRATIVE AGENT:
	
	 ROYAL BANK OF CANADA,
 as Administrative Agent and Collateral Agent

		
	By:	 	/s/ Susan Khokher

 
			
	Name:	 	Susan Khokher

 
			
	Title:	 	Manager, Agency

 AGREED TO AS OF THE SECOND 
 AMENDMENT EFFECTIVE DATE 
 BY THE FOLLOWING REQUIRED 

LENDERS: 
  

			
	L/C ISSUER AND LENDER:
	
	 ROYAL BANK OF CANADA, as Lender
 and L/C Issuer

		
	By:	 	/s/ Leslie P. Vowell
		 	Leslie P. Vowell
		 	Attorney-in-Fact

  

			
	 SUNTRUST BANK,
 as Lender

		
	By:	 	/s/ Janet R. Naifeh

 
			
	Name:	 	Janet R. Naifeh

 
			
	Title:	 	Senior Vice President

  

			
	 KEYBANK NATIONAL ASSOCIATION,
 as Lender

		
	By:	 	/s/ Carla Laning

 
			
	Name:	 	Carla Laning

 
			
	Title:	 	Senior Vice President

  

			
	 U.S. BANK NATIONAL ASSOCIATION,
 as Lender

		
	By:	 	/s/ Saqib Khawaja

 
			
	Name:	 	Saqib Khawaja

 
			
	Title:	 	Vice President

  

					
		  	Signature Page 3	  	
		  		  	 Second Amendment to
 Amended and
 Restated Credit Agreement

 
			
	 SOCIÉTÉ GÉNÉRALE,
 as Lender

		
	By:	 	/s/ David M. Bornstein

 
			
	Name:	 	David M. Bornstein

 
			
	Title:	 	Director

  

			
	WELLS FARGO BANK, N.A., as Lender
		
	By:	 	/s/ Ronald F. Bentien, Jr.

 
			
	Name:	 	Ronald F. Bentien, Jr.

 
			
	Title:	 	Senior Vice President

  

			
	COMERICA BANK, as Lender
		
	By:	 	/s/ John S. Lesikar

 
			
	Name:	 	John S. Lesikar

 
			
	Title:	 	Assistant Vice President

  

			
	RB INTERNATIONAL FINANCE (USA) LLC, f/k/a RZB FINANCE, LLC, as Lender
		
	By:	 	/s/ John A. Valiska

 
			
	Name:	 	John A. Valiska

 
			
	Title:	 	First Vice President
		
	By:	 	/s/ Peter Armieri

 
			
	Name:	 	Peter Armieri

 
			
	Title:	 	Vice President

  

			
	COMPASS BANK, as Lender
		
	By:	 	/s/ Ian Payne

 
			
	Name:	 	Ian Payne

 
			
	Title:	 	Vice President

  

					
		  	Signature Page 4	  	
		  		  	 Second Amendment to
 Amended and
 Restated Credit Agreement

 
			
	 BOKF, N.A., f/k/a BANK OF OKLAHOMA, N.A.,
 as a Lender

		
	By:	 	/s/ Mike Weatherholt

 
			
	Name:	 	Mike Weatherholt

 
			
	Title:	 	Vice President

  

			
	 AMEGY BANK NATIONAL ASSOCIATION,
 as Lender

		
	By:	 	/s/ Terry O. McCarter

 
			
	Name:	 	Terry O. McCarter

 
			
	Title:	 	Senior Vice President

  

			
	 CITIBANK, N.A.,
 as Lender

		
	By:	 	/s/ Michael Girondo

 
			
	Name:	 	Michael Girondo

 
			
	Title:	 	Vice President

  

			
	 NZC GUGGENHEIM MASTER FUND LTD.,
 as Lender

		
	By:	 	 

 
			
	Name:	 	 

 
			
	Title:	 	 

  

			
	LENDER NOT SIGNING THIS SECOND AMENDMENT:
	
	NZC GUGGENHEIM MASTER FUND LTD.,

  

					
		  	Signature Page 5	  	
		  		  	 Second Amendment to
 Amended and
 Restated Credit AgreementRestricted Stock Award Agreement

 Exhibit 10.6 
 ENDEAVOUR INTERNATIONAL CORPORATION 
 RESTRICTED STOCK AWARD AGREEMENT

 THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made and entered into by and between Endeavour
International Corporation (the “Company”) and Ralph A. Midkiff, an employee of the Company (“Grantee”), dated as of June 1, 2012 and effective as of the grant date(s) shown in Appendix A attached
hereto. 
 WHEREAS, effective Ralph A. Midkiff, Grantee shall be an employee of the Company and as an inducement for such
employment and in connection with Grantee providing services to the Company as an employee, the Compensation Committee of the Board of Directors of the Company, on behalf of the Company, desires to grant to Grantee a number of restricted shares of
the Company’s common stock, par value $.001 per share (the “Common Stock”), subject to the terms and conditions of this Agreement, with a view to increasing Grantee’s interest in the Company’s welfare and growth.

 NOW, THEREFORE, in consideration of the premises, mutual covenants and agreements contained herein, and other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 
 1. Grant of Common Stock. Subject to the restrictions, forfeiture provisions and other terms and conditions set forth herein (a) the Company hereby grants to Grantee the
number of shares of Common Stock (“Restricted Shares”) as set out in Appendix A hereto, and (b) subject to the terms hereof, Grantee shall have and may exercise rights and privileges of ownership of such Restricted Shares,
including, without limitation, the voting rights of such shares and the right to receive dividends declared in respect thereof. This Agreement and the grant of Restricted Shares are subject to administration by and the rules and procedures
established by the Board of Directors of the Company (the “Board”) or a committee appointed by the Board to administer this Agreement (the “Committee”) and the Board or the Committee, if so appointed, shall have the
authority to construe and interpret the terms of this Agreement and to provide omitted terms to carry out this Agreement. Except with respect to Section 3(v), any authority provided to the Company, the Board or Committee herein shall also be
provided to the Committee, if one is appointed by the Board. The Committee shall have the authority to take all actions that it deems advisable for the administration of this Agreement. 

2. Transfer Restrictions; Vesting. 
 (a) Generally. Grantee shall not sell, assign, transfer, exchange, pledge, encumber, gift, devise, hypothecate or otherwise dispose of (collectively, “Transfer”) any
Restricted Shares prior to their vesting in accordance with the Vesting Schedule set out in Appendix A. Further, even after such Restricted Shares become vested, such vested Restricted Shares may not be sold or otherwise disposed of in any manner
which would constitute a violation of any applicable federal or state securities or other applicable law or Company policies as determined 

 
by Company on advice of counsel chosen by the Company in its sole discretion. Restricted Shares shall vest as of each of the Vesting Dates set out in Appendix A provided that Grantee remains an
employee through the Vesting Date, except as may otherwise be provided herein. 
 (b) Dividends, etc. If the
Company (i) declares a dividend or makes a distribution on Common Stock in shares of Common Stock or (ii) subdivides or reclassifies outstanding shares of Common Stock into a greater number of shares of Common Stock or (iii) combines
or reclassifies outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the number of shares of Grantee’s Common Stock subject to the transfer restrictions in this Agreement shall be proportionally increased or
reduced as to prevent enlargement or dilution of Grantee’s rights and duties hereunder. The determination of the Company’s Board of Directors regarding such adjustment should be final and binding. 

3. Vesting on Change in Control. Notwithstanding the provisions in Section 2, on the date immediately preceding the
date of a Change in Control of the Company (as defined below), the Restricted Shares shall be 100% vested. For purposes of this Agreement, a “Change in Control” shall mean the occurrence of any of the following events: 

(i) the Company (A) shall not be the surviving entity in any merger, consolidation or other reorganization (or survives only as a
subsidiary of an entity other than a previously wholly-owned subsidiary of the Company) or (B) is to be dissolved and liquidated, and as a result of or in connection with such transaction, the persons who were directors of the Company before
such transaction shall cease to constitute a majority of the Board, or 
 (ii) any person or entity, including a
“group” as contemplated by Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, acquires or gains ownership or control (including, without limitation, power to vote) of 30% or more of the outstanding shares of the
Company’s voting stock (based upon voting power), and as a result of or in connection with such transaction, the persons who were directors of the Company before such transaction shall cease to constitute a majority of the Board, or 

(iii) the Company sells all or substantially all of the assets of the Company to any other person or entity (other than a wholly-owned
subsidiary of the Company) in a transaction that requires shareholder approval pursuant to applicable corporate law; or 
 (iv)
During a period of two consecutive calendar years, individuals who at the beginning of such period constitute the Board, and any new director(s) whose election by the Board or nomination for election by the Company’s stockholders was approved
by a vote of at least a majority of the directors then still in office, who either were directors at the beginning of the two (2) year period or whose election or nomination for election was previously so approved, cease for any reason to
constitute a majority of the Board; or 
 (v) any other event that a majority of the Board, in its sole discretion, shall
determine constitutes a Change in Control hereunder. 

  
 2 

 4. Forfeiture. 

(a) Termination of Employment. If Grantee’s employment with the Company is terminated by the Company or Grantee for any
reason, then Grantee shall immediately forfeit all Restricted Shares which are unvested unless the Board of Directors, in its sole discretion, determines that any or all of such unvested Restricted Shares shall not be so forfeited. 

(b) Forfeited Shares. Any Restricted Shares forfeited under this Section 4 shall automatically revert to the Company and
become canceled. Any certificate(s) representing Restricted Shares which include forfeited shares shall only represent that number of Restricted Shares which have not been forfeited hereunder. Upon the Company’s request, Grantee agrees for
himself and any other holder(s) to tender to the Company any certificate(s) representing Restricted Shares which include forfeited shares for a new certificate representing the unforfeited number of Restricted Shares. 

5. Issuance of Certificate. 
 (a) The Company shall cause to be issued a stock certificate, registered in the name of the Grantee, evidencing the Restricted Shares upon receipt of a stock power duly endorsed in blank with
respect to such shares. In addition to any other legends that may be required by applicable law or otherwise, each such stock certificate shall bear the legends substantially as follows: 

THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER ANY
APPLICABLE STATE SECURITIES LAWS, AND THEY CANNOT BE OFFERED FOR SALE, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE HYPOTHECATED EXCEPT IN ACCORDANCE WITH THE REGISTRATION REQUIREMENTS OF THE ACT AND SUCH STATE LAWS OR UPON DELIVERY TO THIS CORPORATION
OF AN OPINION OF LEGAL COUNSEL SATISFACTORY TO THE CORPORATION THAT AN EXEMPTION FROM REGISTRATION IS AVAILABLE. 
 THE
TRANSFERABILITY OF THIS CERTIFICATE AND THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE RESTRICTIONS, TERMS AND CONDITIONS (INCLUDING FORFEITURE AND RESTRICTIONS AGAINST TRANSFER) CONTAINED IN THE RESTRICTED STOCK AGREEMENT ENTERED INTO
BETWEEN THE REGISTERED OWNER OF SUCH SHARES AND ENDEAVOUR INTERNATIONAL CORPORATION. COPIES OF THE RESTRICTED STOCK AGREEMENT ARE ON FILE IN THE OFFICE OF THE SECRETARY OF ENDEAVOUR INTERNATIONAL CORPORATION, LOCATED AT 811 MAIN STREET, SUITE 2100,
HOUSTON, TEXAS 77002. 

  
 3 

 The latter legend shall not be removed from the certificate evidencing Restricted Shares until such time as
the restrictions thereon have lapsed. 
 (b) The certificate issued pursuant to this Section 5, together with the
stock powers relating to the Restricted Shares evidenced by such certificate, shall be held by the Company. The Company may issue to the Grantee a receipt evidencing the certificates held by it which are registered in the name of the Grantee.

 6. Tax Requirements. 
 (a) Tax Withholding. The Company shall have the power and the right to deduct or withhold, or require the Participant to remit to the Company, an amount sufficient to satisfy federal, state, and
local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this grant. 
 (b) Share Withholding. With respect to tax withholding required upon any taxable event arising as a result of this grant, Participant may elect, subject to the approval of the Board or Committee in
its sole discretion, to satisfy the withholding requirement, in whole or in part, by having the Company withhold shares of common stock having a fair market value on the date the tax is to be determined equal to the statutory total tax which could
be imposed on the transaction. All such elections shall be made in writing, signed by the Participant, and shall be subject to any restrictions or limitations that the Committee, in its discretion, deems appropriate. Any fraction of a share of
common stock required to satisfy such obligation shall be disregarded and the amount due shall instead be paid in cash by the Participant. 
 7. Miscellaneous. 
 (a) Certain Transfers Void. Any purported
transfer of Restricted Shares in breach of any provision of this Agreement shall be void and ineffectual, and shall not operate to transfer any interest or title in the purported transferee. 

(b) No Fractional Shares. All provisions of this Agreement concern whole shares of Common Stock. If the application of any
provision hereunder would yield a fractional share, the value of such fractional share shall be paid to the Grantee in cash. 

(c) Not an Employment Agreement. This Agreement is not an employment agreement, and this Agreement shall not be, and no provision
of this Agreement shall be construed or interpreted to create any employment relationship or right to continued employment with the Company, Company affiliates, parent, subsidiary or their affiliates. 

(d) Investment Representation. Grantee represents and warrants to the Company as follows: 

(i) Grantee is acquiring the Restricted Shares granted pursuant to the terms hereof, for his own account, for investment, and not with a
view to (or for sale in connection 

  
 4 

 
with) any distribution thereof, other than pursuant to any effective registration statement filed under the Securities Act of 1933, as amended (the “Securities Act”), registering
the of resale of the Restricted Shares. Grantee has no present intention of selling, granting any participation in or otherwise distributing the Restricted Shares. Grantee (a) has such knowledge and experience in financial and business matters
and with respect to investments in securities as to be capable of evaluating the merits and risks of the investments contemplated by this Agreement, (b) can bear the economic risk of the investments contemplated by this Agreement (including a
complete loss of its investment) for an indefinite period of time. 
 (ii) Grantee is a bona fide resident of the State of
Colorado and he has no present intention of becoming a resident of any other state or jurisdiction. 
 (iii) Grantee understands
that the Registered Shares have not been registered under the Securities Act, have not been registered under the securities laws of any state or jurisdiction and may be required to be held indefinitely unless a subsequent disposition thereof is
registered under the Securities Act or applicable blue sky laws or unless an exemption from such registration is available. 

(iv) Grantee believes it has received all the information it considers necessary or appropriate for deciding whether to acquire the
Restricted Shares. Grantee further represents that it has had an opportunity to ask questions and receive answers from the Company regarding his investment in the Company. 
 (e) Dispute Resolution. 
 (i) Arbitration. All disputes and
controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance,
enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: 
 (1)
After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by
such party demanding arbitration, together with a statement of the matter in controversy. 
 (2) Within 30 days
after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator
shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator
by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be
filled by the method set forth in this Section for the original appointment of such arbitrator. 

  
 5 

 (3) Each party shall bear its own arbitration costs and expenses. The
arbitration hearing shall be held in Houston, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the
substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. 
 (4) The
arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a
majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered
and enforced by either party in any court of competent jurisdiction. 
 (5) Except as set forth in
Section 7(e)(ii), the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any
controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. 

No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the
other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other
party. 
 (ii) Emergency Relief. Notwithstanding anything in this Section 7(e) to the contrary, any party may seek
from a court any provisional remedy that may be necessary to protect any rights or property of such party pending the establishment of the arbitral tribunal or its determination of the merits of the controversy or to enforce a party’s rights
under Section 7(e). 
 (f) Notices. Any notice, instruction, authorization, request or demand required
hereunder shall be in writing, and shall be delivered either by personal in-hand delivery, by telecopy or similar facsimile means, by certified or registered mail, return receipt requested, or by courier or delivery service, addressed to the Company
at the address indicated beneath its signature on the execution page of this Agreement, and to Grantee at his address indicated on the Company’s stock records, or at such other address and number as a party shall have previously designated by
written notice given to the other party in the manner herein set forth. Notices shall be deemed given when received, if sent by facsimile means (confirmation of such receipt by confirmed facsimile transmission being deemed receipt of communications
sent by facsimile means), and when delivered and receipted for (or upon the date of attempted delivery where delivery is refused), if hand-delivered, sent by express courier or delivery service, or sent by certified or registered mail, return
receipt requested. 

  
 6 

 (g) Amendment and Waiver. This Agreement may be amended, modified or superseded only
by written instrument executed by the Company and Grantee. Any waiver of the terms or conditions hereof shall be made only by a written instrument executed and delivered by the party waiving compliance. Any amendment or waiver agreed to by the
Company shall be effective only if executed and delivered by a duly authorized executive officer of the Company other than Grantee. The failure of any party at any time or times to require performance of any provisions hereof shall in no manner
effect the right to enforce the same. No waiver by any party of any term or condition in this Agreement, or breach thereof, in one or more instances shall be deemed a continuing waiver of any such condition or breach, a waiver of any other
condition, or the breach of any other term or condition. 
 (h) Independent Legal and Tax Advice. The Grantee has been
advised and Grantee hereby acknowledges that he or she has been advised to obtain independent legal and tax advice regarding this grant of Restricted Shares and the disposition of such shares, including, without limitation, the election available
under Section 83(b) of the Internal Revenue Code of 1986, as amended. 
 (i) Governing Law and Severability. This
Agreement shall be governed by the internal laws, and not the laws of conflict, of the State of Texas. The invalidity of any provision of this Agreement shall not affect any other provision of this Agreement which shall remain in full force and
effect. 
 (j) Successors and Assigns. Subject to the limitations which this Agreement imposes upon transferability of
Restricted Shares, this Agreement shall bind, be enforceable by and inure to the benefit of the Company and its successors and assigns, and Grantee, and, upon his death, on his estate and beneficiaries thereof (whether by will or the laws of descent
and distribution). 
 (k) Community Property. Each spouse individually is bound by, and such spouse’s interest, if
any, in any shares is subject to, the terms of this Agreement. Nothing in this Agreement shall create a community property interest where none otherwise exists. 
 (l) Entire Agreement. This Agreement supersedes any and all other prior understandings and agreements, either oral or in writing, between the parties with respect to the subject matter hereof and
constitute the sole and only agreements between the parties with respect to the said subject matter. All prior negotiations and agreements between the parties with respect to the subject matter hereof are merged into this Agreement. Each party to
this Agreement acknowledges that no representations, inducements, promises, or agreements, orally or otherwise, have been made by any party or by anyone acting on behalf of any party, which are not embodied in this Agreement and that any agreement,
statement or promise that is not contained in this Agreement shall not be valid or binding or of any force or effect. 

[Signature page follows] 

  
 7 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first
above written. 
  

			
	COMPANY:
	
	ENDEAVOUR INTERNATIONAL CORPORATION
		
	By:	 	/s/ William L. Transier
	Name:	 	William L. Transier
	Title:	 	Chairman, CEO and President
		
	Address:	 	811 Main Street, Suite 2100
		 	Houston, Texas 77002
	Attention:	 	Corporate Secretary
	
	GRANTEE:
	
	/s/ Ralph A. Midkiff
	Ralph A. Midkiff

  
 8 

 APPENDIX A TO 
 RESTRICTED STOCK AGREEMENT 
 Grantee’s Name:    Ralph A.
Midkiff 
  

					
	 Grant Date:
	  	Number of
Restricted 
Shares Granted	 
	 06/01/2012
	  	 	50,000	  

 Vesting Schedule: 
  

					
	 Date
	  	Number of Shares Vested	 
	 06/01/2013
	  	 	16,666	  
	 06/01/2014
	  	 	16,667	  
	 06/01/2015
	  	 	16,667	  

 Note: All vesting is subject to the terms and conditions of the Agreement.

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