Document:

Exhibit 10.2

  

INDEMNIFICATION AGREEMENT

 

This Agreement, made
and entered into as of the 5th day of March, 2014 (“Agreement”), by and between Tecnoglass Inc., a Cayman
Islands company (“Company”), and ___________ (“Indemnitee”):

 

WHEREAS, the adoption
of the United States Sarbanes - Oxley Act of 2002 and other laws, rules and regulations being promulgated have increased the potential
for liability of officers and directors of publicly traded companies; and

 

WHEREAS, it is reasonable,
prudent and necessary for the Company to obligate itself contractually to indemnify such persons to the fullest extent permitted
by applicable law so that such persons will serve or continue to serve the Company free from undue concern that they will not be
adequately indemnified; and

 

WHEREAS, this Agreement
is a supplement to and in furtherance of Article 44 of the Company’s Third Amended and Restated Memorandum and Articles of
Association (the “Articles”) and any resolutions adopted pursuant thereto and shall neither be deemed to be a substitute
therefor nor diminish or abrogate any rights of Indemnitee thereunder; and

 

WHEREAS, Indemnitee is
willing to continue to serve and/or to take on additional service for or on behalf of the Company on the condition that he be indemnified
according to the terms of this Agreement;

 

NOW, THEREFORE, in consideration
of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows:

 

		1.	Definitions. For purposes of this Agreement:

 

1.1“Change
in Control” means a change in control of the Company occurring after the date hereof of a nature that would be required to
be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule
or form) promulgated under the Securities Exchange Act of 1934, as amended (“Act”), whether or not the Company is then
subject to such reporting requirement provided, however, that, without limitation, such a Change in Control shall be deemed to
have occurred if after the date hereof (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Act),
other than a person who is an officer or director of the Company as of the date hereof (and any of such person’s affiliates),
is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Act) directly or indirectly, of securities
of the Company representing 50% or more of the combined voting power of the then outstanding securities of the Company without
the prior approval of at least two-thirds of the members of the Board in office immediately prior to such person attaining such
percentage interest; (ii) the Company is a party to a merger, consolidation, sale of assets or other reorganization, or a proxy
contest, as a consequence of which (A) members of the Board of Directors (“Board”) in office immediately prior to such
transaction or event constitute less than a majority of the Board thereafter or (B) the voting securities of the Company outstanding
immediately prior to such transaction do not continue to represent (either by remaining outstanding or by being converted into
voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the surviving
entity outstanding immediately after such transaction with the power to elect at least a majority of the board of directors or
other governing body of such surviving entity; or (iii) during any period of two consecutive years, individuals who at the beginning
of such period constituted the Board (including for this purpose any new director whose election or nomination for election by
the Company’s shareholders was approved by a vote of at least two-thirds of the directors then still in office who were directors
at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to
constitute at least a majority of the Board.

 

    	 

    	 

    

 

1.2“Corporate
Status” means the status of a person who is or was a director, officer, employee, agent or fiduciary of the Company or of
any subsidiary of the Company or any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise
which such person is or was serving at the request of the Company. In addition to any service at the actual request of the Company,
for purposes of this Agreement, Indemnitee shall be deemed to be serving or to have served at the request of the Company as a director,
officer, employee, agent or fiduciary of any other enterprise if Indemnitee is or was serving as a director, officer, employee,
agent or fiduciary of such enterprise and (A) such enterprise is or at the time of such service was an affiliate of the Company,
(B) such enterprise is or at the time of such service was an employee benefit plan (or related trust) sponsored or maintained by
the Company or an affiliate of the Company or (C) the Company or an affiliate of the Company directly or indirectly caused Indemnitee
to be nominated, elected, appointed, designated, employed, engaged or selected to serve in such capacity.

 

1.3“Disinterested
Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification
is sought by Indemnitee.

 

1.4“Expenses”
means all reasonable attorneys’ fees, retainers, court costs (including trial and appeals), transcript costs, fees of experts,
witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees,
and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing
to prosecute or defend, appealing, preparing to appeal, investigating, or being or preparing to be a witness in a Proceeding, and
all federal, state, local, or foreign taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement.

 

1.5“Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently
is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any other matter material to either
such party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” does not include any person who, under the applicable standards of professional
conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine
Indemnitee’s rights under this Agreement. Except as provided in the first sentence of Section 9.3 hereof, Independent Counsel
shall be selected by (a) the Disinterested Directors or (b) a committee of the Board consisting of two or more Disinterested Directors
or if (a) and (b) above are not possible, then by a majority of the full Board.

 

1.6“Proceeding”
means any action, suit, arbitration, alternate dispute resolution mechanism, investigation, administrative hearing or any other
proceeding, whether, conducted by or on behalf of the Company or any other party, whether civil, criminal, administrative or investigative,
except one initiated by an Indemnitee pursuant to Section 11 of this Agreement to enforce his rights under this Agreement.

 

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		2.	Services by Indemnitee.

 

Indemnitee agrees to
continue to serve as a director, officer and/or employee of the Company or one or more of its subsidiaries. Indemnitee may at any
time and for any reason resign from such position (subject to any other contractual obligation or any obligation imposed by operation
of law).

 

		3.	Indemnification - General.

 

The Company shall indemnify,
and advance Expenses to, Indemnitee as provided in this Agreement to the fullest extent permitted by applicable law in effect on
the date hereof and to such greater extent as any amendment to or interpretation of applicable law may thereafter from time to
time permit. The rights of Indemnitee provided under the preceding sentence shall include, but not be limited to, the rights set
forth in the other Sections of this Agreement.

 

		4.	Proceedings Other Than Proceedings by or in the Right
of the Company.

 

Indemnitee shall be
entitled to the rights of indemnification provided in this Section if, by reason of his Corporate Status, he was or is threatened
to be made, a party to any threatened, pending or completed Proceeding, other than a Proceeding by or in the right of the Company.
Pursuant to this Section, Indemnitee shall be indemnified against Expenses, judgments, penalties, fines and amounts paid in settlement
actually and reasonably incurred by him or on his behalf in connection with any such Proceeding or any claim, issue or matter therein,
if he acted in good faith and absent his or her fraud or willful default and, with respect to any criminal Proceeding, had no reasonable
cause to believe his conduct was unlawful.

 

		5.	Proceedings by or in the Right of the Company.

 

Indemnitee shall be
entitled to the rights of indemnification provided in this Section if, by reason of his Corporate Status, he is, was or is threatened
to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Company to procure a judgment
in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses and amounts paid in settlement (such settlement
amounts not to exceed, in the judgment of the Board, the estimated expense of litigating the Proceeding to conclusion) actually
and reasonably incurred by him or on his behalf in connection with any such Proceeding if he or she acted in good faith and absent
his or her fraud or willful default. Notwithstanding the foregoing, no indemnification against such Expenses or amounts paid in
settlement shall be made in respect of any claim, issue or matter in any such Proceeding as to which Indemnitee has been adjudged
to be liable to the Company if applicable law prohibits such indemnification unless the court in which such Proceeding shall have
been brought, was brought or is pending, shall determine that indemnification against Expenses or amounts paid in settlement may
nevertheless be made by the Company.

  

		6.	Indemnification for Expenses of Party Who is Wholly
or Partly Successful.

 

Notwithstanding any
other provision of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a party to and is successful,
on the merits or otherwise, in any Proceeding, he or she shall be indemnified against all Expenses (and, when eligible hereunder,
amounts paid in settlement) actually and reasonably incurred by him or on his behalf in connection therewith. If Indemnitee is
not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims,
issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses (and, when eligible hereunder,
amounts paid in settlement) actually and reasonably incurred by him or on his behalf in connection with each successfully resolved
claim, issue or matter. For purposes of this Section, the term “successful, on the merits or otherwise,” includes,
but is not limited to, (i) any termination, withdrawal, discontinuance or dismissal (with or without prejudice) of any Proceeding
against the Indemnitee without any express finding of liability or guilt against him, and (ii) the expiration of 90 days after
the making of any claim or threat of a Proceeding without the institution of the same and without any promise or payment made to
induce a settlement.

 

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		7.	Indemnification for Expenses as a Witness.

 

Notwithstanding any
other provision of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a witness in any Proceeding,
he shall be indemnified against all Expenses actually and reasonably incurred by him on his behalf in connection therewith.

 

		8.	Advancement of Expenses and Other Amounts.

 

The Company shall advance
all Expenses, judgments, penalties, fines and, when eligible hereunder, amounts paid in settlement, incurred by or on behalf of
Indemnitee in connection with any Proceeding within thirty (30) days after the receipt by the Company of a statement or statements
from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding.
Such statement or statements shall reasonably evidence the Expenses, judgments, penalties, fines and amounts paid in settlement,
incurred by Indemnitee and shall include or be preceded or accompanied by an agreement by or on behalf of Indemnitee to repay any
Expenses, judgments, penalties, fines and amounts paid in settlement advanced if it shall ultimately be determined that Indemnitee
is not entitled to be indemnified against such Expenses, judgments, penalties, fines and, when eligible hereunder, amounts paid
in settlement. In connection with any request for advancement of Expenses, judgments, penalties, fines and amounts paid in settlement,
Indemnitee shall not be required to provide any documentation or information to the extent that the provision thereof would undermine
or otherwise jeopardize attorney-client privilege. The Company’s obligation in respect of the advancement of Expenses, judgments,
penalties, fines and amounts paid in settlement in connection with a criminal Proceeding in which Indemnitee is a defendant shall
terminate at such time as Indemnitee pleads guilty or is convicted after trial and such conviction becomes final and no longer
subject to appeal. Advances shall be unsecured and interest free. Advances shall be made without regard to Indemnitee’s ability
to repay such amounts and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions
of this Agreement.

 

		9.	Procedure for Determination of Entitlement to Indemnification.

 

9.1To obtain indemnification
under this Agreement in connection with any Proceeding, and for the duration thereof, Indemnitee shall submit to the Company a
written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and
is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The duly authorized
officer of the Company shall, promptly upon receipt of any such request for indemnification, advise the Board in writing that Indemnitee
has requested indemnification.

 

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9.2Upon written
request by Indemnitee for indemnification pursuant to Section 9.1 hereof, a determination, if required by applicable law, with
respect to Indemnitee’s entitlement thereto shall be made in such case: (i) if a Change in Control shall have occurred, by
Independent Counsel (unless Indemnitee shall request that such determination be made by the Board or the shareholders, in which
case in the manner provided for in clauses (ii) or (iii) of this Section 9.2) in a written opinion to the Board, a copy of which
shall be delivered to Indemnitee; (ii) if a Change of Control shall not have occurred, at the election of the Company, (A) by the
Board by a majority vote of a quorum consisting of Disinterested Directors, or (B) if a quorum of the Board consisting of Disinterested
Directors is not obtainable, by a majority of a committee of the Board consisting of two or more Disinterested Directors, or (C)
by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee, or (D) by the shareholders
of the Company, by a majority vote of a quorum consisting of shareholders who are not parties to the proceeding, or if no such
quorum is obtainable, by a majority vote of shareholders who are not parties to such proceeding; or (iii) as provided in Section
10.2 of this Agreement. If it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made
within ten (10) days after such determination. Indemnitee shall cooperate with the person, persons or entity making such determination
with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable
advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably
available to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees
and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall
be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company
hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

 

9.3If a Change
of Control shall have occurred, Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such
selection be made by the Board), and Indemnitee shall give written notice to the Company advising it of the identity of Independent
Counsel so selected. The Company or Indemnitee, as the case may be, shall give written notice to the other party advising it of
the identity of Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within seven
days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be,
a written objection to such selection. Such objection may be asserted only on the ground that Independent Counsel so selected does
not meet the requirements of “Independent Counsel” as defined in Section 1 of this Agreement, and the objection shall
set forth with particularity the factual basis of such assertion. If such written objection is made, Independent Counsel so selected
may not serve as Independent Counsel unless and until a court has determined that such objection is without merit. If, within 20
days after submission by Indemnitee of a written request for indemnification pursuant to Section 9.1 hereof, no Independent Counsel
shall have been selected and not objected to, either the Company or Indemnitee may petition the Grand Court of the Cayman Islands
or other court of competent jurisdiction, for resolution of any objection which has been made by the Company or Indemnitee to the
other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by such court
or by such other person as such court shall designate, and the person with respect to whom an objection is so resolved or the person
so appointed shall act as Independent Counsel under Section 9.2 hereof. The Company shall pay any and all reasonable fees and expenses
of Independent Counsel incurred by such Independent Counsel in connection with its actions pursuant to this Agreement, and the
Company shall pay all reasonable fees and expenses incident to the procedures of this Section 9.3, regardless of the manner in
which such Independent Counsel was selected or appointed. Upon the due commencement date of any judicial proceeding pursuant to
Section 11.1(iii) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such
capacity (subject to the applicable standards of professional conduct then prevailing).

 

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		10.	Presumptions and Effects of Certain Proceedings.

 

10.1In making a
determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination
shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification
in accordance with Section 9.1 of this Agreement, and the Company shall have the burden of proof to overcome that presumption by
clear and convincing evidence in connection with the making by any person, persons or entity of any determination contrary to that
presumption.

 

10.2If the person,
persons or entity empowered or selected under Section 9 of this Agreement to determine whether Indemnitee is entitled to indemnification
shall not have made a determination within thirty (30) days after receipt by the Company of the request therefor, the requisite
determination of entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such indemnification,
absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statement not materially misleading, in connection with the request for indemnification, or (ii) prohibition of such indemnification
under applicable law; provided, however, that such 30-day period may be extended for a reasonable time, not to exceed an additional
thirty (30) days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good
faith require(s) such additional time for the obtaining or evaluating of documentation and/or information relating thereto; and
provided, further, however, that the foregoing provisions of this Section 10.2 shall not apply (i) if the determination of entitlement
to indemnification is to be made by the shareholders pursuant to Section 9.2 of this Agreement and if (A) within 15 days after
receipt by the Company of the request for such determination the Board has resolved to submit such determination to the shareholders
for their consideration at an annual meeting thereof to be held within 75 days after such receipt and such determination is made
thereat, or (B) a special meeting of shareholders is called within 15 days after such receipt for the purpose of making such determination,
such meeting is held for such purpose within 60 days after having been so called and such determination is made thereat, or (ii)
if the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement.
In connection with each meeting at which a shareholder determination will be made, the Company shall solicit proxies that expressly
include a proposal to indemnify or reimburse the Indemnitee. The Company shall afford the Indemnitee ample opportunity to present
evidence of the facts upon which the Indemnitee relies for indemnification in any Company proxy statement relating to such shareholder
determination. Subject to the fiduciary duties of its members under applicable law, the Board will not recommend against indemnification
or reimbursement in any proxy statement relating to the proposal to indemnify or reimburse the Indemnitee.

 

10.3The termination
of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo
contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the
right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which
he or she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding,
that Indemnitee had reasonable cause to believe that his conduct was unlawful.

 

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10.4Reliance
as Safe Harbor. For purposes of this Agreement, the Indemnitee shall be deemed to have acted in good faith and in a manner
he reasonably believed to be in or not opposed to the best interests of the Company, or, with respect to any criminal Proceeding,
to have had no reasonable cause to believe his conduct was unlawful, if his action is based on (i) the records or books of account
of the Company, or another enterprise, including financial statements, (ii) information supplied to him by the officers of the
Company or another enterprise in the course of their duties, (iii) the advice of legal counsel for the Company or another enterprise,
or of an independent certified public accountant or an appraiser or other expert selected with reasonable care by the Company or
another enterprise. The term “another enterprise” as used in this Section shall mean any other corporation or any partnership,
joint venture, trust, employee benefit plan or other enterprise of which the Indemnitee is or was serving at the request of the
Company as a director, officer, partner, trustee, employee or agent. The provisions of this Section shall not be deemed to be exclusive
or to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct
set forth herein. Whether or not the foregoing provisions of this Section 10.4 are satisfied, it shall in any event be presumed
that Indemnitee has at all times acted in good faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the Company, or, with respect to any criminal Proceeding, to have had no reasonable cause to believe Indemnitee’s
conduct was unlawful. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by
clear and convincing evidence.

 

		11.	Remedies of Indemnitee.

 

11.1In the event
that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under
this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination
of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall
not have been made and delivered in a written opinion within 30 days after receipt by the Company of the request for indemnification,
(iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the
Company of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination
has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section
9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in the Grand Court of the Cayman Islands, or in any
other court of competent jurisdiction, of his entitlement to such indemnification or advancement of Expenses, judgments, penalties,
fines or, when eligible hereunder, amounts paid in settlement. The Company shall not oppose Indemnitee’s right to seek any
such adjudication.

 

11.2In the event
that a determination shall have been made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification,
any judicial proceeding commenced pursuant to this Section shall be conducted in all respects as a de novo trial on the merits
and Indemnitee shall not be prejudiced by reason of that adverse determination.

 

11.3If a determination
shall have been made or deemed to have been made pursuant to Section 9 or 10 of this Agreement that Indemnitee is entitled to indemnification,
the Company shall be bound by such determination in any judicial proceeding commenced pursuant to this Section, absent (i) a misstatement
by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially
misleading, in connection with the request for indemnification, or (ii) prohibition of such indemnification under applicable law.

 

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11.4The Company
shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section that the procedures and presumptions
of this Agreement are not valid, binding and enforceable and shall stipulate in any such court that the Company is bound by all
the provisions of this Agreement.

 

11.5In the event
that Indemnitee, pursuant to this Section, seeks a judicial adjudication of his or her rights under, or to recover damages for
breach of, this Agreement, or any other agreement, including any other indemnification, contribution or advancement agreement,
or any provision of the Articles now or hereafter in effect, or for recovery under directors’ and officers’ liability
insurance policies maintained by the Company, Indemnitee shall be entitled to recover from the Company, and shall be indemnified
by the Company against, any and all expenses (of the kinds described in the definition of Expenses) actually and reasonably incurred
by him or her in such judicial adjudication, but only if he or she prevails therein. If it shall be determined in such judicial
adjudication that Indemnitee is entitled to receive less than all of the indemnification or advancement of expenses sought, the
expenses incurred by Indemnitee in connection with such judicial adjudication shall be appropriately prorated. In addition, the
Company shall, if so requested by Indemnitee, advance the foregoing expenses to Indemnitee, subject to and in accordance with Section
8.

 

		12.	Procedure Regarding Indemnification.

 

With respect to any
Proceedings, the Indemnitee, prior to taking any action with respect to such Proceeding, shall consult with the Company as to the
procedure to be followed in defending, settling, or compromising the Proceeding and may not consent to any settlement or compromise
of the Proceeding without the written consent of the Company (which consent may not be unreasonably withheld or delayed). The Company
shall be entitled to participate in defending, settling or compromising any Proceeding and to assume the defense of such Proceeding
with counsel of its choice and shall assume such defense if requested by the Indemnitee. Notwithstanding the election by, or obligation
of, the Company to assume the defense of a Proceeding, the Indemnitee shall have the right to participate in the defense of such
Proceeding and to employ counsel of Indemnitee’s choice, but the fees and expenses of such counsel shall be at the expense
of the Indemnitee unless (i) the employment of such counsel has been authorized in writing by the Company, or (ii) the Indemnitee
has reasonably concluded that there may be defenses available to him or her which are different from or additional to those available
to the Company (in which latter case the Company shall not have the right to direct the defense of such Proceeding on behalf of
the Indemnitee), in either of which events the fees and expenses of not more than one additional firm of attorneys selected by
the Indemnitee shall be borne by the Company. If the Company assumes the defense of a Proceeding, then counsel for the Company
and Indemnitee shall keep Indemnitee reasonably informed of the status of the Proceeding and promptly send to Indemnitee copies
of all documents filed or produced in the Proceeding, and the Company shall not compromise or settle any such Proceeding without
the written consent of the Indemnitee (which consent may not be unreasonably withheld or delayed) if the relief provided shall
be other than monetary damages and shall promptly notify the Indemnitee of any settlement and the amount thereof.

 

		13.	Non-Exclusivity; Survival of Rights; Insurance; Subrogation; Contribution.

 

13.1The rights
of indemnification and to receive advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any other
rights to which Indemnitee may at any time be entitled under applicable law, the Articles, any agreement, a vote of shareholders
or a resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or any provision hereof shall
be effective as to any Indemnitee with respect to any action taken or omitted by such Indemnitee in his Corporate Status prior
to such amendment, alteration or repeal.

 

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13.2To the extent
that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees, agents
or fiduciaries of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise
which such person serves at the request of the Company, Indemnitee shall be covered by such policy or policies in accordance with
its or their terms to the maximum extent of the coverage available for any such director, officer, employee, agent or fiduciary
under such policy or policies.

 

13.3In the event
of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery
of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of
such documents as are reasonably necessary to enable the Company to bring suit to enforce such rights.

 

13.4The Company
shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent
that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

 

13.5(a)If a
determination is made that Indemnitee is not entitled to indemnification, after Indemnitee submits a written request therefor,
under this Agreement, then in respect of any threatened, pending or completed Proceeding in which the Company is jointly liable
with the Indemnitee (or would be if joined in such Proceeding), the Company shall contribute to the amount of Expenses, judgments,
fines and amounts paid in settlement by the Indemnitee in such proportion as is appropriate to reflect (i) the relative benefits
received by the Company on the one hand and the Indemnitee on the other hand from the transaction from which the Proceeding arose,
and (ii) the relative fault of the Company on the one hand and of the Indemnitee on the other hand in connection with the events
that resulted in such Expenses, judgments, fines or amounts paid in settlement, as well as any other relevant equitable considerations.
The relative fault of the Company on the one hand and of the Indemnitee on the other hand shall be determined by reference to,
among other things, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
the circumstances resulting in such Expenses, judgments, fines or amounts paid in settlement. The Company agrees that it would
not be just and equitable if contribution pursuant to this Section were determined by pro rata allocation or any other method of
allocation that does not take into account the foregoing equitable considerations.

 

(b)The determination
as to the amount of the contribution, if any, shall be made by:

 

(i)a court
of competent jurisdiction upon the applicable of both the Indemnitee and the Company (if the Proceeding had been brought in, and
final determination had been rendered by such court);

 

(ii)the
Board by a majority vote of a quorum consisting of Disinterested Directors; or

 

(iii)Independent
Counsel, if a quorum is not obtainable for purpose of (ii) above, or, even if obtainable, a quorum of Disinterested Directors so
directs.

 

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		14.	Duration of Agreement.

 

This Agreement shall
continue until and terminate upon the later of: (a) ten (10) years after the date that Indemnitee shall have ceased to serve as
a director and/or officer of the Company, or (b) the final termination of all pending Proceedings in respect of which Indemnitee
is granted rights of indemnification or advancement of Expenses, judgments, penalties, fines or amounts paid in settlement hereunder
and or any proceeding commenced by Indemnitee pursuant to Section 11 of this Agreement. This Agreement shall be binding upon the
Company and its successors and assigns and shall inure to the benefit of Indemnitee and his spouse, heirs, executors, personal
representatives and administrators. The Company shall require and cause any successor (whether direct or indirect by purchase,
merger, consolidation, or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of the Company,
by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement
in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

 

		15.	Severability.

 

If any provision or
provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity,
legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any Section
of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal
or unenforceable) shall not in any way be affected or impaired thereby; and (b) to the fullest extent possible, the provisions
of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held
to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give
effect to the intent manifested by the provision held invalid, illegal or unenforceable.

 

		16.	Entire Agreement.

 

Save for Article 44
of the Articles, which this Agreement supplements, this Agreement constitutes the entire agreement between the Company and the
Indemnitee with respect to the subject matter hereof and supercedes all prior agreements, understanding, negotiations and discussion,
both written and oral, between the parties hereto with respect to such subject matter (the “Prior Agreements”); provided,
however, that if this Agreement shall ever be held void or unenforceable for any reasons whatsoever, and is not amended pursuant
to Section 15 hereof, then (i) this Agreement shall not be deemed to have superceded any Prior Agreements; (ii) all of such Prior
Agreements shall be deemed to be in full force and effect notwithstanding the execution of this Agreement; and (iii) the Indemnitee
shall be entitled to maximum indemnification benefits provided under any Prior Agreements, as well as those provided under applicable
law, the Articles, a vote of shareholders or resolution of directors.

 

    	10

    	 

    

 

		17.	Exception to Right of Indemnification or Advancement
of Expenses.

 

17.1Except as provided in Section 11.5
and under Article 44 of the Articles, Indemnitee shall not be entitled to indemnification or advancement of Expenses under this
Agreement with respect to any Proceeding, or any claim therein, brought or made by him against the Company.

 

17.2Indemnitee shall not be entitled
to indemnification under this Agreement with respect to any Proceeding, or any claim therein, arising from the purchase and sale
by Indemnitee of securities in violation of Section 16(b) of the Exchange Act or any similar successor statute.

 

		18.	Covenant Not to Sue; Limitation of Actions; Release
of Claims.

 

In consideration of
the services provided by Indemnitee, no legal action shall be brought and no cause of action shall be asserted by or on behalf
of the Company (or any of its subsidiaries) against the Indemnitee, his spouse, heirs, executors, personal representatives or administrators
after the expiration of two (2) years from the date of accrual of such cause of action and any claim or cause of action of the
Company (or any of its subsidiaries) shall be extinguished and deemed released unless asserted by the filing of a legal action
within such two (2) year period; provided, however, that if any shorter period of limitation is otherwise applicable to any such
cause of action, such shorter period shall govern. The Company hereby waives its right to assert a longer period in which to bring
any such action that might be available to it under law.

 

		19.	Identical Counterparts.

 

This Agreement may
be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together
shall constitute one and the same Agreement.

 

		20.	Headings.

 

The headings of the
paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or
to affect the construction thereof.

 

		21.	Modification and Waiver.

 

No supplement, modification
or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the
provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar)
nor shall such waiver constitute a continuing waiver.

 

		22.	Notice by Indemnitee.

 

Indemnitee agrees promptly
to notify the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information or
other document relating any Proceeding or matter which may be subject to indemnification or advancement of Expenses, judgments,
penalties, fines or amounts paid in settlement covered hereunder. The failure to notify the Company on a timely basis shall not
constitute a waiver of Indemnitee’s rights under this Agreement, except to the extent that such failure or delay (i) causes
the amounts paid or to be paid by the Company to be greater than they otherwise would have been, (ii) adversely affects the Company’s
ability to obtain for itself or Indemnitee coverage or proceeds under any insurance policy available to the Company or Indemnitee,
or (iii) otherwise results in prejudice to the Company.

 

    	11

    	 

    

 

		23.	Notices.

 

All notices, requests,
demands and other communications hereunder shall be in writing and shall be deemed to have been duly given if (i) delivered by
hand and receipted for by the party to whom such notice or other communication shall have been directed, or (ii) mailed by certified
or registered mail with postage prepaid, on the third business day after the date on which it is so mailed:

 

If to Indemnitee, to:

 

 

 

 

 

 

 

If to the Company, to:

 

Tecnoglass
Inc.

Avenida
Circunvalar a 100 mts de la Via 40

Barrio Las
Flores Barranquilla

Colombia

Attention:
Chief Executive Officer

 

or to such other address or such other
person as Indemnitee or the Company shall designate in writing in accordance with this Section, except that notices regarding changes
in notices shall be effective only upon receipt.

 

		24.	Governing Law.

 

    	12

    	 

    

 

The parties agree
that this Agreement shall be governed by, and construed and enforced in accordance with, the law of the Cayman Islands without
giving effect to the principles of conflicts of law and the parties submit to the non-exclusive jurisdiction of the Courts of
the Cayman Islands.

 

		25.	Miscellaneous.

  

Use of the masculine
pronoun shall be deemed to include usage of the feminine pronoun where appropriate.

 

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

 

 

	 	TECNOGLASS INC.
	 	 
	 	By: 	
	 	 	Name:
Title:
	 	 	 
	 	 	 
	 	 	 
	 	
	 	 
	 	 
	 	 
	 	[Indemnitee]
	 	 	 

 

 

    	13Exhibit 10.1

 

FARMOUT AGREEMENT

 

This Farmout Agreement
("Agreement") is made and entered into this 28th day of February, 2014, by and between Fort Peck Energy
Company, LLC, a Delaware Limited Liability Company whose address is 1515 Wynkoop Street, Suite 360, Denver, Colorado 80202 U.S.A.
("FPEC") and Samson Oil and Gas USA Montana, Inc., a Colorado corporation whose address is 1331 17th Street, Suite
710, Denver, CO 80202 U.S.A. ("Samson") (Samson and FPEC are each a "Farmor" and collectively
are the "Farmors"), and Momentus Energy LLC, a Delaware Limited Liability Company whose address is 1221 Avenue
of the Americas, New York, NY 10020 ("Momentus" or "Farmee"). FPEC, Samson and Momentus are each
a "Party" and collectively are the "Parties".

 

RECITALS

 

WHEREAS, the Farmors
own, collectively, an undivided one hundred percent (100%) leasehold interest in the oil and gas leases and lands described in
Exhibit 1 (the "Farmout Lands") and depicted on the map attached as Exhibit 2, excluding there out those
two (2) sections of lands as identified in crossed-hatch and more specifically described below as the Workover Lands; and

 

WHEREAS, FPEC owns
a net thirty three and one third percent (33.30%) leasehold interest, and Samson owns a net sixty six and two thirds percent (66.70%)
leasehold interest in the Farmout Lands; and

 

WHEREAS, Farmors agree
that Momentus may earn an undivided fifty percent (50%) working interest in Farmors leasehold interest in the Farmout Lands by
procuring approximately twenty (20) square miles of three dimensional seismic data which will be located on the Farmout Lands as
depicted on map in Exhibit 3 (the "Seismic Data Lands"), and drilling a well horizontally within the Bakken Formation
to a minimum lateral length of four thousand and nine hundred feet (4,900'), such well to be drilled within the boundaries of the
Seismic Data Lands (the "Test Well"), subject to the terms and conditions set forth below; and

 

WHEREAS, Samson holds:
(i) a one hundred percent (100%) working interest in the horizontally drilled Australia II 12 KA 6 Well (the “Australia
II Well”) and the related spacing unit which is all of Section 29, T28N, R55E (the “Australia Workover Lands”)
and; (ii) a 99.978565% working interest in the Gretel II 12 KA 3 Well (the “Gretel II Well”) (collectively,
the Australia II Well and the Gretel II Well are referred to as the “Existing Wells”) and the related spacing
unit which is all of Section 26, T28N, R53E, (the “Gretel Workover Lands”) (collectively, the Australia Workover
Lands and the Gretel Workover Lands are referred to as the “Workover Lands”) both in Roosevelt County, Montana
(the oil and gas leases and lands covered by the Workover Lands are described in Exhibit 4A (attached) and the Workover Lands are
shown in crossed-hatch areas on the map attached as Exhibit 4B); and

 

    	1

    	 

    

 

 

WHEREAS, Samson agrees
that Momentus shall have the right to earn an undivided fifty percent (50%) working interest in the Australia Workover Lands and
Australia II Well if Momentus conducts workover operations on the Australia II Well, subject to the terms and conditions set forth
below; and

 

WHEREAS Samson agrees
that Momentus shall have the right to earn an undivided fifty percent (50%) working interest in the Gretel Workover Lands and Gretel
II Well, if Momentus conducts workover operations on the Gretel II Well, subject to the terms and conditions set forth below;

 

NOW THEREFORE, in consideration
of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are acknowledged,
the Parties agree as follows:

 

AGREEMENT

 

1.Three Dimensional
Seismic Data Acquisition:

 

(a)On or before February
28, 2014, Momentus will provide a written proposal to Farmors, describing the program to acquire approximately twenty (20) contiguous
square miles of three dimensional seismic data on the Seismic Data Lands with a projected cost of approximately $ 1,200,000.00
U.S. Dollars ("3D Seismic Data Program"). The 3D Seismic Data Program will include the acquisition and processing
parameters. Momentus may proceed with the acquisition of the 3D Seismic Data Program upon the approval of the 3D Seismic Data Program
by Farmors, which approval shall not be unreasonably denied or delayed. If Momentus does not provide a seismic program reasonably
acceptable to Farmors, then the rights of Momentus under this Agreement shall terminate and Momentus shall not incur any liability
to the Farmors.

 

(b)Within thirty
(30) days of approval of the 3D Seismic Data Program by Farmors (subject to approval from the BIA or other related governmental
agencies, permits being obtained, seismic contractors availability and weather delays/conditions), Momentus shall commence or cause
to be commenced the 3D Seismic Program (“Seismic Date”) . Momentus will arrange for the simultaneous transmission to
Farmors of all field data and processed data as such data are received from the seismic vendor. Upon completion of the 3D Seismic
Data Program Momentus will provide each of Farmors, at no cost or expense, one (1) licensed copy of data which shall include both
field and processed data provided that the Farmors agree to be bound by the terms of such license. Momentus shall hold one hundred
percent (100%) of all trading rights pertaining to the data from the 3D Seismic Program and will be entitled to receive one hundred
percent (100%) of all rights and benefits related to the marketing and sales(s) of the data to third parties.

 

    	2

    	 

    

 

 

(c)In the event the
3D Seismic Data Program is not commenced on or before the Seismic Date, or the data received from the 3D Seismic Data Program is
not processed and interpreted by Momentus on or before six (6) months after the Seismic Date, then the rights of Momentus under
this Agreement shall terminate and Momentus shall not be incur any liability to the Farmors.

 

(d)Momentus shall,
within forty five (45) days following the receipt of a Pre- stack Time Migrated (PSTM) data volume received from the 3D Seismic
Data Program (the date forty five (45) days following receipt of same being the "Option Date"), provide a full
presentation of its interpretation of the processed data to the Farmors, including all interpretation project data volumes (which
would include, but not be limited to, digital horizon files, fault files, map files, seismic synthetics, etc., as well as hard
copies of same) and a power-point presentation of the resulting interpretation. In the event Momentus fails to make its presentation
to Farmors by the Option Date, then the rights granted to Momentus to earn an interest in the Farmout Lands from the Farmors as
a result of drilling the Test Well under this Agreement shall terminate and Momentus shall not incur any liability to the Farmors.

 

2.Test Well:

 

(a)Subject to the
results of the 3D Seismic Date Program and Momentus’ interpretation of such processed data, Momentus shall have the option
to elect, in its sole discretion, to drill a Test Well. Momentus shall drill the Test Well pursuant to the terms of the Amended
JOA (as hereinafter defined). Momentus shall notify Farmors on or before the Option Date in writing of its election to drill a
Test Well. The notification shall include the location that the Test Well will be drilled, which shall be on the Seismic Data Lands
and will provide that the well bore and bottom hole location shall be located entirely within the Seismic Data Lands. Momentus
shall thereafter prosecute the drilling of the Test Well diligently, without unnecessary delay and in a workmanlike manner horizontally
to a minimum lateral length of four thousand and nine hundred feet (4,900') within the Bakken Formation as defined as the stratigraphic
equivalent found at a measured depth of 9,418 to 9,440 feet TVD in the Australia II 12 KA 6 well located in the NW4NW4 of Section
29, T28N-R55E, in Roosevelt County, Montana (the "Contract Depth''). The Test Well shall be designed in a manner to
allow evaluation of the Bakken Formation. Momentus shall use its commercially reasonable efforts to commence or cause to be commenced
the actual drilling of a Test Well within ninety (90) days following the Option Date (the “Spud Date”), subject to
the availability of a drilling rig capable of drilling to the Contract Depth, surface conditions of the access road and well pad
location, and the receipt of the following necessary regulatory approvals:

 

    	3

    	 

    

 

(i)An
Application for Drilling Permit approved by the BLM, the BIA, and the MBOGC;

 

(ii)A
surface use agreement with the surface owners for the access road and well pad location; and

 

(iii)Any
necessary Montana or Tribal road access permits for the movement or hauling of equipment exceeding the normal load rating for the
access roads to the well pad location.

 

If Momentus cannot commence drilling of
the Test Well within ninety (90) days following the Option Date as a result of a delay caused by any of the foregoing or as a result
of an event of Force Majeure, the Spud Date shall be extended for a reasonable period thereafter for so long as it takes Momentus
to resolve such matters causing the delay.

 

(b)Momentus shall
notify Farmors of the spudding of the Test Well. After drilling has commenced and until the Test Well has been completed or plugged
and abandoned as a dry hole, Momentus shall furnish to Farmors daily reports as to the progress of drilling the Test Well.

 

(c)Momentus shall
bear 100% of Farmors' proportionate share of any costs, expenses or risks of drilling, testing, completing, and equipping through
the production tanks, or, if determined pursuant to Section 2(e) that the well is not capable of producing oil and gas in commercial
quantities, the plugging and abandoning the Test Well.

 

(d)Momentus agrees
to promptly test any formation that either before or after logging appears favorable for the production of oil and or gas in the
opinion of a reasonably prudent operator.

 

(e)If the Test Well
proves to be capable of producing oil and or gas in commercial quantities, in the sole discretion of Momentus, it shall be equipped
for production by Momentus through the crude oil tanks and natural gas metering facilities provided by Momentus. If the Test Well
proves to be incapable of producing oil or gas in commercial quantities, in the sole discretion of Momentus, then Momentus shall
plug the same in accordance with the laws of Montana, and shall reclaim the site in accordance with the Amended JOA.

 

    	4

    	 

    

 

 

3.Substitute
Well:

 

If during the drilling of the Test Well
Momentus encounters impenetrable substances or other conditions making further drilling impracticable, Momentus may elect to discontinue
drilling the Test Well before Contract Depth is reached. Momentus shall have the right but not the obligation to drill a substitute
well ("Substitute Well") at a location selected by Momentus within the Seismic Data Lands, provided the actual
drilling of the Substitute Well is commenced not later than one hundred and twenty (120) days after the abandonment of the original
Test Well. If the Substitute Well is drilled, tested, and completed or if found not to be capable of commercial production pursuant
to Section 2(e), plugged and abandoned in accordance with all of the requirements specified for the original Test Well, the Substitute
Well shall be considered as the original Test Well for all purposes of this Agreement. Each reference herein to the Test Well shall
include a reference to a Substitute Well. All of the costs of drilling, testing, completing, and equipping or, if found not to
be capable of commercial production pursuant to Section 2(e), plugging and abandoning in accordance with all of the requirements
specified for the original Test Well for the Substitute Well shall be borne by Momentus and Momentus shall not incur any liability
to the Farmors.

 

4.Failure
to Drill the Test Well:

 

If Momentus does not commence, or cause
to be commenced, the drilling of the Test Well by the Spud Date (subject to any extension to the Spud Date in the event of a delay
provided for in Section 2(a) above) or the Substitute Well if applicable, then Momentus will lose any rights to earn a fifty percent
(50%) working interest in the Farmout Lands exclusive of the Workover Lands and this Agreement shall terminate and Momentus shall
not incur any liability to the Farmors.

 

5.Earning
Provision – Assignment Of Interest In Farmout Lands:

 

Within fifteen (15) days after Momentus
has reached Contract Depth in the Test Well consistent with the provisions of this Agreement, Momentus shall earn an undivided
fifty percent (50%) working interest in and to the Farmout Lands, subject to its working interest share of all existing burdens
listed in Exhibit 7 attached hereto. Upon earning Samson and FPEC shall execute and deliver all such assignments and documents
as may be reasonably required to effect the assignment of the earned interest in the Test Well and the Farmout Lands, free and
clear of all burdens other than those burdens set forth in Exhibit 7.

 

The assignment and the date of earning
shall be effective as of 7:00 A.M on the first day of the month following date Contract Depth was reached in the Test Well (“Test
Well Earning Date”). Following the effective date of earning, the interest in the Test Well's leasehold operating rights,
material and equipment and the production from the Test Well, shall be owned by the Parties as set forth on Exhibit A of the Amended
JOA and the Test Well shall be operated as a well drilled for the joint account under the terms and provisions of the Amended JOA.

 

    	5

    	 

    

 

6.Scope of
Assignment:

 

Any assignment of interest made under this
Agreement shall be subject to all of the provisions of this Agreement and shall be in forms attached as Exhibits 6-A, 6-B, and
6-C. Any assignment shall be made with warranty of title against claims arising by, through or under, but not otherwise. The Parties
shall execute BIA, BLM or county forms of assignment, as applicable, to convey the subject interests to Momentus.

 

7.Joint Operations
for the Test Well following Earning:

 

If and when Momentus earns an interest
in the Farmout Lands in accordance with this Agreement, the Farmors shall become responsible for their working interest ownership
share of costs and expenses as to the after earning percentages as described in Exhibit 7 . The Amended JOA shall govern all operations
on jointly-owned Farmout Lands, but in the event of any conflict between the Amended JOA and this Agreement, this Agreement shall
be the governing Agreement.

 

8.Operatorship:

 

Provided that Momentus successfully earns
its interest in the Farmout Lands in accordance with Section 5, the Parties to the Amended JOA shall appoint Momentus to be the
operator on the Farmout Lands pursuant to the terms of the Amended JOA and Samson shall, in accordance with its obligations under
the Amended JOA, do all things necessary to infer operatorship (including delivery of all books and records pertaining to joint
operations) on Momentus as of the Test Well Earning Date in Section 5 hereto.

 

9.Well Information:

 

Momentus shall provide Farmors with the
geological information (in paper and electronic form) as provided for in the Amended JOA for the Test Well and any other well that
may be drilled in accordance with this Agreement.

 

10.Workover
of Existing Wells on Workover Lands:

 

(a) Upon written
certification from Momentus that it has signed an agreement with a geophysical data acquisition company to acquire the 3D Seismic
Data Program, Samson shall provide Momentus access to review the well files and related data and information (the “Well
Data”) pertaining to the Existing Well(s). Momentus shall review the Well Data at Samson's office during normal business
hours or at a location that is mutually agreed upon between Samson and Momentus.

 

 

    	6

    	 

    

 

(b)Within forty five
(45) days following Momentus' review of the Well Data, but no later than June 1, 2014, Momentus may provide to Samson a detailed
written workover program for either one or both of the Existing Wells (the “Workover Program”), which will be
subject to Samson’s approval in its entirety which shall not be reasonably denied or delayed. The Workover Program will describe
the proposed operations to be performed, the costs associated with the workover operation and the date on which the work will be
commenced. The Workover Program for one or both of the Existing Wells shall include construction of a 75 KVA three phase power
supply to the respective Existing Well/s. Said power supply construction to at least one of the Existing Wells would need to begin
within one hundred and twenty (120) days following the first day of production of oil and gas. If Momentus does not submit to Samson
the Workover Program by June 1, 2014 and/or does not complete the Workover Program, including the above mentioned construction
of the power supply to the respective Existing Well/s, Momentus’ right to conduct the Workover Program and Momentus’
right to earn a working interest as set forth below in either or both of the Existing Wells and associated Workover Lands shall
terminate and Momentus shall not incur any liability to Samson.

 

(c)Upon Samson's
approval of the Workover Program, Samson shall designate Momentus as the designated operator of either or both of the Existing
Wells, as applicable pursuant to the Workover Program, with the Bureau of Land Management ("BLM"), the State of
Montana ("Montana"), the Montana Board of Oil and Gas Conservation ("MBOGC"), the Bureau of Indian
Affairs ("BIA"), and the Fort Peck Tribes Departments of Minerals, and Natural Resources.

 

(d)The Workover Lands
are subject to a Joint Operating Agreement between Farmors (the "JOA"), attached as Exhibit 5. Upon approval of
the Workover Program, Momentus, Samson and FPEC will amend the JOA to add Momentus as a party to the JOA and to name Momentus as
operator of either or both of the Existing Wells , pursuant to the Workover Program, as applicable (the "Amended JOA'').
In the event that one of the Existing Wells is completed for production of oil or gas, then upon completion of such well, (i) all
costs (including but not limited to all equipping and operating costs) incurred after conclusion of the portion of the Workover
Program applicable to such well and (ii) the revenue received from such well will be shared by Momentus fifty percent (50%) and
Samson fifty percent (50%), pursuant to the terms of the Amended JOA. If an Existing Well is abandoned or otherwise determined
to be incapable of production in commercial quantities at the time Momentus completes the Workover Program as determined in the
sole discretion of Momentus then all costs of the plugging and of the abandonment operations of such well shall be borne one hundred
percent (100%) by Momentus. All plugging and abandonment operations shall be conducted in accordance with the terms of the Amended
JOA, including the right of a Party to take over the Existing Well proposed to be plugged and abandoned pursuant to Section VI(E)
of the Amended JOA. If, pursuant to the Amended JOA, a Party decides to take over the Existing Well proposed to be plugged and
abandoned than Momentus shall have no further obligation or liability associated with plugging and abandoning such Existing Well
and shall transfer operatorship to the Party taking over such Existing Well.

 

 

    	7

    	 

    

 

(e)The Amended JOA
shall also be amended as to Exhibit C thereof (“Accounting Procedure Joint Operations”), Article III Overhead, paragraph
1. Drilling and Producing Operations, subsection A. Technical Services, subparagraph (ii.) to amend the selection from “Alternative
1-All Overhead” to now read “Alternative 3-Drilling Direct”.

 

(f)Within sixty (60)
days following the date the Workover Program is approved by Samson (but subject to rig availability, surface conditions, regulatory
requirements, and the results of Momentus’ seismic review, in its sole discretion Momentus, as the designated operator of
either or both of the Existing Wells, as applicable pursuant to the Workover Program, shall entirely at its own cost, risk and
expense, commence and conduct the operations in the same manner as proposed in the approved Workover Program. If the Workover Program
includes workover of both Existing Wells, then Momentus' operation of the second Existing Well shall commence within ninety (90)
days following the conclusion of the portion of the Workover Program relating to the Existing Well first subject to such Workover
Program.

 

(g)Within fifteen
(15) days after Momentus has concluded the portion of the Workover Program applicable to an Existing Well in a manner consistent
with the provisions of this Agreement (“Workover Earning Date”) Momentus shall earn an undivided fifty percent
(50%) working interest in such Existing Well and an undivided fifty percent (50%) of Samson's leasehold interest in the Workover
Lands applicable to such Existing Well, subject to its working interest share of all existing burdens listed in Exhibit 7 attached
hereto. Upon earning Samson shall execute and deliver all such assignments and documents as may be reasonably required to effect
the assignment of the earned interest in such Existing Well and the applicable Workover Lands, free and clear of all burdens other
than those burdens set forth in Exhibit 7.

 

11.Plugging
And Abandonment:

 

Upon abandonment of the either one or both
of the Existing Wells or of the Test Well pursuant to this Agreement, Momentus agrees to plugging operations to be conducted in
accordance with the Amended JOA and the rules and regulations established by the State of Montana and other governmental agencies.

 

    	8

    	 

    

 

12.Well Access:

 

Farmors shall have access to the rig floor
(and the location of any operation pursuant to this Agreement), at its own cost, risk, expense, and Samson shall be entitled to
all information free of cost to the workover operation, equipping, operating and production data, as it relates to the Existing
Well(s) and Farmors shall be entitled to all information of the drilling, testing, surveying, completing, equipping, operating
and production data of the Test Well.

 

13.Prerequisite
Corporate Qualifications:

 

Momentus, on or before April 30th,
2014, shall file all the necessary and requisite paperwork to be qualified to hold oil and gas leases on Indian lands and conduct
business operations contemplated by this Agreement. The actions taken by Momentus shall include, but are not limited to, the following:

 

(a)Form a business entity
under the laws of a State within the United States of America for its operating activities in Montana and the United States;

 

(b)Register Momentus to do
business in Montana;

 

(c)File corporate paperwork
as necessary for Momentus to do business on an Indian reservation, including but not limited to a performance bond, an irrevocable
letter of credit, or other form of surety with the BIA;

 

(d)File corporate paperwork
as necessary for Momentus to do business on an Indian reservation with the BLM; and

 

(e)File corporate paperwork
as necessary for Momentus to do business on the Fort Peck Indian Reservation with the necessary Tribal Departments as follows:

 

		(i)	Minerals Department;

 

		(ii)	Natural Resources Department; and

 

		(iii)	Tribal Employment Rights Office.

 

14.Assignment
of Project Development Agreement:

 

The Farmors, on or before fifteen (15)
days prior to the Spud Date, shall initiate the process for approval of the assignment of fifty (50%) percent of their interests
in the Project Development Agreement between the Assiniboine and Sioux Tribes of the Fort Peck Reservation (the "Tribes")
and FPEC dated December 12, 2011 (the "PDA") pursuant to this Agreement, subject to the performance of Momentus
under Sections 1 through 6 of this Agreement. The assignment will require a resolution from the Fort Peck Tribal Executive Board
("TEB") as the duly elected body representing the Tribes. The assignment of the PDA will be limited to the assignment
of interests to Momentus in the event the Test Well or subsequent wells are drilled on Farmout Lands which include in an approved
spacing unit in that portion of the bed of the Missouri River owned by the Tribes.

 

 

    	9

    	 

    

 

15.Liens:

 

Momentus will not allow any liens to attach
to the Workover Lands or Farmout Lands during the Workover Program or during the drilling operations of the Test Well. Momentus
shall promptly satisfy all obligations for which a lien could attach to the Workover Lands or the Farmout Lands by operation of
law so that such liens are never perfected or enforced due to default by Momentus, its successors, or assigns. It is agreed that
the perfection or filing of such lien against the Workover Lands or the Farmout Lands shall be considered a material breach of
this Agreement unless Momentus shall, within sixty (60) days from the date of such perfection or filing, either:

 

		(i)	cause such lien to be released; or

 

		(ii)	if Momentus claims that such lien does not result from a bona fide indebtedness, furnish security
satisfactory to Farmors that Momentus will cause such lien to be released.

 

16.Representations
and Warranties of the Parties:

 

Each Party severally and not jointly makes
the following representations and warranties as of the date hereof:

 

(a)Status.
It is duly organized, validly existing and in good standing under the laws of its organization, and is licensed to do business
in the State of Montana.

 

(b)Power.
It has all requisite power and authority to carry on its business as presently conducted. The execution and delivery of this Agreement
does not, and the fulfillment of and compliance with the terms and conditions hereof will not violate, or be in conflict with,
any material provision of its governing documents, any material provision of any agreement or instrument to which it is a party
or by which it is bound, or any judgment, decree, order, statute, rule or regulation applicable to it.

 

(c)Authorization
and Enforceability. This Agreement constitutes its legal, valid and binding obligation, enforceable in accordance with its
terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection
of creditors, as well as to general principles of equity, regardless of whether such enforceability is considered in a proceeding
in equity or at law.

 

 

    	10

    	 

    

 

(d)Finder’s
Fees. It has not incurred any obligation or liability, contingent or otherwise, for brokers' or finders' fees in respect of
this Agreement for which the other Parties shall have any obligation or liability.

 

17.Representations
And Warranties Of Farmors:

 

Farmors, each as an individual company
owns a leasehold and certain working interest in the Farmout Lands and in the Workover Lands, make the following representations
and warranties individually as of the date hereof:

 

(a)No
Liens. Other than as set forth in Exhibit 7, the Farmout Lands and Workover Lands are free and clear of all liens and encumbrances
arising by, through or under Farmors, but not otherwise.

 

(b)No
Bankruptcy. There are no bankruptcy, reorganization or receivership proceedings pending, being contemplated by or, to the knowledge
of Farmors, threatened against Farmors.

 

(c)Litigation.
There is no action, suit, proceeding, claim or investigation pending or, to the knowledge of Farmors, threatened (i) against Farmors
with respect to the Farmout Lands and Workover Lands or (ii) that impedes or is likely to impede Farmors' ability to consummate
the transaction contemplated by this Agreement.

 

(d)Judgments.
There are no unsatisfied judgments or injunctions issued by a court or federal, state, municipal, tribal or other governmental
entity outstanding against Farmors, nor are Farmors in violation or default under any order, writ, injunction, or decree of any
court or federal, state, municipal or other governmental entity.

 

(e)No
Unrecorded Interests. Farmors have not granted any interest in any of the Farmout Lands or Workover Lands that is not of record
in Roosevelt or Richland Counties, Montana, as of the date hereof, and to the knowledge of Farmors, no third party has granted,
or is entitled to, any interest in any lease that is subject to this Agreement, as of the date hereof.

 

(f)Rights
of First Refusal or Preferential Rights to Purchase. None of the Farmout Lands or Workover Lands are subject to any rights
of first refusal or other preferential or pre-emptive rights of purchase whereby any person (including the other Farmor) would
have the right to acquire any of the Farmout Lands as a consequence of Momentus conducting the work and earning an interest in
any of the Farmout Lands or Workover Lands or the Existing Wells in accordance herewith, except as shown on Schedule I.

 

    	11

    	 

    

 

 

(g)Areas
of Mutual Interest. None of the Farmout Lands or Workover Lands are subject to an agreement which provides for an area of mutual
interest, except as shown on Schedule II.

 

(h)Notice
of Default. Farmors have not received written notice of any default or purported default under any of the title and operating
documents pertaining to the Farmout Lands or the Workover Lands that remains outstanding in any material respect or that has not
been remedied in all material respects and to the knowledge of the Farmors, there has been no act or omission by the Farmors that
reasonably could constitute a breach of or a default under any such title and operating document that has not been remedied in
all material respects or which, if un-remedied, could reasonably be expected to have a material adverse effect on the value of
the Farmout Lands or Workover Lands.

 

(i)Applicable
Laws. Farmors have not received written notice of any breach or purported breach of any applicable law pertaining to the Farmout
Lands or Workover Lands or the ownership or operation, if any, thereof (excluding any applicable law relating to the environment)
that remains outstanding in any material respect or that has not been remedied in all material respects and, to the knowledge of
the Farmors, there has been no act or omission by either of the Farmors that reasonably could constitute a breach of any such applicable
law that has not been remedied in all material respects or which, if un-remedied, could reasonably be expected to have a material
adverse effect on the value of the Farmout Lands or Workover Lands.

 

(j)Lease
Payments. to the extent pertaining to the Farmout Lands or Workover Lands: (i) all lessor royalties and all lease rentals;
(ii) all ad valorem and property taxes; and (iii) all production, severance and similar taxes, charges and assessments based upon
or measured by the ownership or production (if any) of petroleum substances or any of them or the receipt of proceeds from the
sale thereof, that became due and payable to third parties on or prior to the date of this Agreement or on the date that Momentus
earns an interest in any of the Farmout Lands or Workover Lands have been fully paid, except, in each case, for amounts that are
being disputed in good faith.

 

    	12

    	 

    

 

 

(k)Environmental
Notices. Farmor has not received written notice of any orders or directives from any government authority: (i) that are specific
to the Farmout Lands or Workover Lands or any portion thereof, related to environmental liabilities which require any work, repairs,
construction or capital expenditures with respect to the Farmout Lands or Workover Lands which have not been complied with in all
material respects; and with respect to the breach of any applicable law relating to the environment that are specifically applicable
to the Farmout Lands or Workover Lands or any portion thereof which remain outstanding in any material respect.

 

(l)Permits.
The Farmors possesses all material permits necessary for the operation of the Farmout Lands or Workover Lands.

 

(m)AFEs.
there are no authorities for expenditure or other financial commitments pertaining to the Farmout Lands or Workover Lands.

 

(n)Wells.
All wells (including the Existing Wells) located on the Farmout Lands or Workover Lands have been drilled, completed, constructed,
installed, maintained and operated and, if applicable, abandoned in all material respects in accordance with good oil and gas field
practices and the material requirements of applicable law.

 

(o)Operations.
All operations conducted on the Farmout Lands or Workover Lands have been conducted in all material respects in accordance with
good oil and gas field practices and the material requirements of applicable law.

 

(p)No
Midstream Agreement. There are no production sales contracts, transportation agreements or processing agreements which pertain
to production from the Farmout Lands or the Workover Lands.

 

18.Repetition
of Representations and Warranties

 

All representations and warranties given
under Sections 16 and 17 above shall be deemed repeated and valid, true and correct as of the effective date of assignment of each
of the earned interests, as such dates are determined pursuant to Section 5 (Earning Provision – Assignment Of Interest In
the Farmout Lands) and Section 10 (f) (Earning Provision – Assignment Of Interest the Workover Lands) and each Party agrees
to inform the other Party of any material changes to the facts in the representations and warranties prior to the Test Well Earning
Date and to the Workover Earning Date.

 

    	13

    	 

    

 

19.Insurance:

 

As to all operations under this Agreement,
Momentus shall carry for the benefit and protection of the Parties insurance described in Exhibit D of the Amended JOA.

 

20.Title:

 

Farmors shall provide Momentus with the
right to review all title opinions, abstracts of title and other title information in Farmors possession with respect to the Farmout
Lands or Workover Lands, at the FPEC and Samson offices provided, however, furnishing such items shall not be construed as a warranty
or representation by FPEC and Samson of title or ownership. Momentus shall provide Farmors with a copy of all curative work and
title information resulting from any additional title examinations conducted by Momentus.

 

21.Indemnity:

 

SUBJECT TO SECTION 21(B) BELOW, THE PARTIES
SHALL INDEMNIFY, HOLD HARMLESS AND DEFEND EACH PARTY INDIVIDUALLY AND EACH PARTY'S AFFILIATES, AND THEIR RESPECTIVE SHAREHOLDERS,
OFFICERS, DIRECTORS, MEMBERS, PARTNERS, INVESTORS, EMPLOYEES, AGENTS, REPRESENTATIVES, SUCCESSORS OR ASSIGNS (COLLECTIVELY, THE
"INDEMNIFIED PARTIES") FROM AND AGAINST ANY AND ALL CLAIMS, DEMANDS, LAWSUITS, DAMAGES, AWARDS, PENALTIES, SETTLEMENTS,
LOSSES, LIABILITIES, COSTS AND EXPENSES (INCLUDING, WITHOUT LIMITATION, COURT COSTS, EXPERT WITNESS EXPENSES AND REASONABLE ATTORNEYS'
FEES) (COLLECTIVELY, "CLAIMS") ARISING FROM AN INDIVIDUAL PARTY'S PERFORMANCE UNDER THIS AGREEMENT OR AN INDIVIDUAL
PARTY'S ACTS OR OMISSIONS (OR THE ACTS OR OMISSIONS OF AN INDIVIDUAL PARTY'S CONTRACTORS OR THEIR SUBCONTRACTORS OF ANY TIER) ON
THE LANDS SUBJECT TO THIS AGREEMENT FROM AND AFTER THE EFFECTIVE DATE; PROVIDED, HOWEVER, A PARTY SHALL HAVE NO OBLIGATION TO INDEMNIFY
A SPECIFIC INDIVIDUAL PARTY FROM ANY CLAIM ARISING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THAT SPECIFIC INDIVIDUAL
PARTY. A PARTY SHALL NOT BE LIABLE FOR, AND SHALL HAVE NO OBLIGATION TO INDEMNIFY ANOTHER PARTY FOR, ANY CLAIMS FOR CONSEQUENTIAL,
INDIRECT, PUNITIVE OR EXEMPLARY DAMAGES (INCLUDING COMPENSATION FOR BUSINESS INTERRUPTION, LOSS OF PROFITS, LOSS OF OPPORTUNITY,
OPPORTUNITY COSTS, RESERVOIR OR FORMATION DAMAGE, THE INABILITY TO PRODUCE PETROLEUM SUBSTANCES OR A DELAY IN THEIR PRODUCTION).

 

    	14

    	 

    

 

 

22.Successors
and Assigns

 

This Agreement is binding upon the Parties
and their respective heirs, successors and assigns, and shall be a covenant running with the Farmout Lands and Workover Lands.

 

23.Force
Majeure:

 

If Momentus is rendered unable, wholly
or in part, by Force Majeure, to carry out its obligations under this Agreement, the obligations of Momentus, so far as they are
affected by Force Majeure, shall be suspended from the inception and during the continuance of the inability, and the cause of
the Force Majeure, as far as possible, shall be remedied with commercially reasonable diligence. Momentus shall provide Farmors
with written notice of the Force Majeure event, with reasonably full detail of the Force Majeure within a reasonable time after
Momentus learns of the occurrence of the Force Majeure event. The settlement of strikes, lockouts and other labor difficulty shall
be entirely within the discretion of Momentus and nothing in this Agreement shall require the settlement of strikes, lockouts,
or other labor difficulty. "Force Majeure" means any cause or condition not within the reasonable control of Momentus
and which, by the exercise of reasonable diligence, Momentus is unable to prevent or overcome, and without limiting the generality
of the foregoing, such shall include delays or inabilities to obtain requisite permits to conduct the operations contemplated by
this Agreement.

 

24.Notices:

 

All notices authorized or required by any
provision of this Agreement shall be given in writing and delivered in person, by certified or registered U.S. Mail, overnight
courier service, postage or charges prepaid, by facsimile or electronic mail over the Internet ("Email") and shall
be addressed to the Party to whom the notice is given as follows (or to such other address as such Party may notify in writing):

 

 

		(a)	If to FPEC:

 

Fort Peck Energy Company, LLC

1515 Wynkoop Street, Suite 360

Denver, CO 80202

		Telephone:	303-546-7951

		Facsimile:	303-448-8882

 

    	15

    	 

    

 

 

		(b)	If to Samson:

 

Samson Oil and Gas USA Montana,
Inc.

1331 17th Street,
Suite 710

Denver, Colorado 80202

		Attention:	Land Department

		Telephone:	303-295-0344

		Facsimile:	303-295-1961

 

		(c)	If to Momentus:

 

Momentus Energy LLC c/o Dentons
U.S. LLP

1221 Avenue of the Americas

New York, NY 10020

		Attention:	Julia Papastravidis

		Telephone:	212-768-6700

		Facsimile:	212-768-6800

 

and copy sent to:

Momentus Energy Corp.

Suite 370, 800 – 6th
Avenue SW,

Calgary ABT2P 3G3

		Attention:	Land Department

		Telephone:	403-861-6329

 

25.Governing
Law, Venue, and Waiver of Jury Trial:

 

(a)The
domestic law, without regard to conflicts of laws principles, of the state of Montana will govern all questions concerning the
construction, validity and interpretation of this Agreement and the performance of the obligations imposed by this Agreement.

 

(b)Each
of the Parties submits to the exclusive jurisdiction of any state or federal court sitting in the State of Montana, in any action
or proceeding arising out of or relating to this Agreement and agrees that all claims in respect of the action or proceeding may
be heard and determined in any such court. Each Party also agrees not to bring any action or proceeding arising out of or relating
to this Agreement in any other court. Each of the Parties waives any defense of inconvenient forum to the maintenance of any action
or proceeding so brought and waives any bond, surety or other security that might be required of any other Party with respect to
any such action or proceeding. The Parties agree that either or both of them may file a copy of this paragraph with any court as
written evidence of the knowing, voluntary and bargained agreement between the Parties irrevocably to waive any objections to venue
or to convenience of forum.

 

    	16

    	 

    

 

 

(c)Each
Party acknowledges and agrees that any controversy that may arise under this Agreement is likely to involve complicated and difficult
issues, and therefore it irrevocably and unconditionally waives any right it may have to a trial by jury in respect of any litigation
directly or indirectly arising out of or relating to this Agreement. Each Party certifies and acknowledges that (i) no representative,
agent or attorney of any other Party has represented, expressly or otherwise, that such other Party would not, in the event of
litigation, seek to enforce the foregoing waiver, (ii) it understands and has considered the implications of such waiver, (iii)
it makes such waiver voluntarily and (iv) it has been induced to enter into this Agreement by, among other things, the mutual waiver
and certifications in this Section 25.

 

26.Entire
Agreement:

 

This Agreement, together with all Exhibit(s),
constitutes the entire Agreement between the Parties as to the subject matter herein and supersedes all prior negotiations or agreements
pertaining to such. Any amendments to this Agreement shall be made in writing.

 

27.Momentus
Energy Corp.:

 

Momentus Energy Corp. (an Alberta company),
Momentus Energy USA Corp (an Alberta company), and Momentus Energy Inc. (a Delaware company), (the latter being the sole member
of Momentus, each an affiliate of Momentus, shall herein be known individually and collectively as “Momentus Companies”.
Momentus Companies shall be jointly and severally liable with Momentus for any duties, obligations, or liabilities of Momentus
incurred pursuant to this Agreement as an affiliate of Momentus Companies. Any reference to "Momentus" or "Farmee"
in this Agreement shall also refer to Momentus Companies to the extent Momentus Companies becomes a party to or performs any obligation
pursuant to this Agreement as an affiliate of or parent of Momentus. Momentus Companies shall guarantee the performance of Momentus,
and any payment or obligation incurred by Momentus pursuant to this Agreement. Farmors need not exhaust remedies against Momentus,
but may proceed directly against Momentus Companies to secure any payment or obligation incurred by Momentus or Momentus Companies
pursuant to this Agreement.

 

 

    	17

    	 

    

 

28.Relationship
of the Parties:

 

With respect to this Agreement, each Party
shall not be considered the agent, partner, employee or fiduciary of any other Party, nor shall this Agreement be construed as
creating a mining partnership, joint venture or other partnership or association. Each Party shall be responsible only for its
obligations as provided in this Agreement and shall be liable only for its proportionate share of the costs of performing its obligations
under this Agreement. All of the obligations and liabilities under this Agreement shall be several and not joint or collective.
The Parties elect not to be treated as a partnership under the Internal Revenue Code of 1986 or under any Income Tax Laws of the
state in which the lands covered hereby are located, and specifically elect to be excluded from all such provisions thereof.

 

29.Headings:

 

The heading of the several paragraphs and/or
Sections of this Agreement are for convenience only and shall not control or affect the meaning or construction of the terms and
provisions hereof.

 

30.Time:

 

Time is of the essence of this Agreement.

 

31.Further
Assurances:

 

The Parties agree to execute, acknowledge
and deliver any additional instruments, agreements or other documents and to do any other acts and things which may be necessary
to more fully and effectively accomplish the intent of the Parties as set forth in this Agreement.

 

32.Memorandum
of Agreement:

 

This Agreement shall not be placed of record;
however, a Memorandum of Agreement, in the form attached as Exhibit 8, shall be placed of record in Roosevelt County, Montana.

 

33.Counterparts
and Facsimile or Email Signatures:

 

This Agreement may be executed by the Parties
in any number of counterparts, each of which shall be deemed an original instrument, but all of which together shall constitute
but one and the same instrument. Facsimile or Email signatures shown on imaged documents are considered binding.

 

    	18

    	 

    

 

 

34.Exhibits:

 

The Exhibit(s) to this Agreement are hereby
incorporated in this Agreement by reference and constitute a part of this Agreement.

 

 

 

 

 

 

 

[this space intentionally left blank]

 

    	19

    	 

    

 

IN WITNESS WHEREOF, the Parties
have executed this Agreement, as of the date first set forth above.

 

	FORT
    PECK ENERGY COMPANY, LLC
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	By:	Lynn D. Becker,
    Manager	 
	Date:	 	 
	 	 	 
	SAMSON
    OIL AND GAS USA MONTANA, INC.
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	By:	Terry Barr, President
    and CEO	 
	Date:	 	 
	 	 	 
	MOMENTUS
    ENERGY LLC, by its sole member MOMENTUS ENERGY INC.
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	By:	Peter Henry, Director,
    Momentus Energy Inc.	 
	Date:	 	 

  

 

 

The undersigned acknowledge their joint
and several liability with respect to the duties, obligations or liabilities of Momentus in this Agreement, in accordance with
the terms and conditions thereof.

 

    	20

    	 

    

 

 

	MOMENTUS
    ENERGY CORP.
	 	 	 
	 	 	 
	 	 	 
	By:	Paul Starnino,
    Director	 
	Date:	 	 
	 	 	 
		 	 
	MOMENTUS
    ENERGY USA CORP.
	 	 	 
	 	 	 
	 	 	 
	By:	Paul Starnino, Director	 
	Date:	 	 
	 	 	 
	 	 	 
	 	 	 
	MOMENTUS
    ENERGY INC.
	 	 	 
	 	 	 
	 	 	 
	By:	Peter Henry, Director	 
	Date:	 	 

 

 

    	21

    	 

    

 

 

EXHIBITS

 

		1.	Farmout Lands – Descriptions of Leases and Lands

 

		2.	Farmout Lands – Map

 

		3.	Seismic Data Lands - Map

  

		4.	A.Workover Lands - Descriptions of Leases and
Lands

 

B.Workover
Lands - Map

  

		5.	Existing Joint Operating Agreement with Exhibits

 

  

		6.	A.Form of Federal Assignment

 

B.Form
of County Assignment

 

C.Form
of Project Development Agreement Assignment

 

		7.	Farmout Interests – Existing Burdens, Liens &
WI Ownership

 

		8.	Memorandum of Farmout Agreement

 

  

SCHEDULES

 

		I.	Rights of First Refusal or Preferential Rights to Purchase.

 

		II.	Areas of Mutual Interest.

 

 

    	22

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