Document:

Exhibit 10.4

 

KOSMOS ENERGY LTD.

 

AMENDMENT NUMBER TWO 
 TO CONSULTING AGREEMENT

 

THIS AMENDMENT NUMBER TWO TO CONSULTING AGREEMENT (this “Amendment”), effective as of January 1, 2013 (the “Effective Date”), by and between Kosmos Energy Ltd., a company incorporated under the laws of Bermuda (“Kosmos”), and John R. Kemp (“Kemp”). Unless specifically set forth otherwise, reference to the “parties” in this Amendment refers solely to Kosmos and Kemp.

 

WITNESSETH

 

WHEREAS, Kosmos and Kemp entered into a Consulting Agreement dated October 31, 2011 and amended effective as of January 1, 2012 (the “Consulting Agreement”) pursuant to which Kemp serves as a consultant to perform such services as Kosmos may reasonably request from time to time during the term of the Consulting Agreement, in addition to his duties as a member of the Kosmos Board of Directors; and

 

WHEREAS, Kosmos and Kemp desire to amend certain provisions of the Consulting Agreement as set forth in this Amendment.

 

NOW, THEREFORE, in consideration of the promises and mutual covenants and agreements set forth herein and for other good and valuation consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows:

 

1.             Capitalized Terms.  All capitalized terms used but not defined in this Amendment shall have the same meaning as prescribed in the Consulting Agreement.

 

2.             Amendment of Section 3.  Section 3 of the Consulting Agreement shall be amended by replacing the first sentence thereof in its entirety with the following:

 

3. Compensation. As payment for Kemp’s fulfillment of the Consulting Services and covenants set forth in this Agreement, Kosmos shall pay and provide to Kemp: (i) during the period beginning on January 1, 2013 and ending on the expiration or earlier termination of this Agreement, $61,000 per month payable in arrears; and (ii) an award of 12,000 restricted common shares of Kosmos, or a restricted share unit award with respect to 12,000 common shares of Kosmos, as determined by the Compensation Committee of the Board of Directors of Kosmos in its sole discretion, to be granted by Kosmos to Kemp on the first day of each Renewal Term, if any, which award shall become 100% vested (and, in the case of an award of restricted share units, 100% of the common shares underlying such award shall become issuable on or within 30 days after the date of such vesting) at the expiration of each such Renewal Term (collectively, the “Compensation”).

 

3.             Amendment of Section 4.  Section 4 of the Consulting Agreement shall be amended by deleting therefrom the phrase “in traveling from Houston, Texas to Dallas, Texas.”

 

4.             Execution and Delivery.  This Amendment may be executed in several counterparts, all of which will together constitute a single agreement among the parties. Delivery by electronic transmission of an executed counterpart of the signature page to this Amendment shall be as effective as delivery of a manually executed counterpart of this Amendment.

 

5.             No Other Amendments.  Except as modified by this Amendment, all provisions of the Consulting Agreement shall continue in full force and effect.

 

[Signature Page Follows]

 

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment or have caused this Amendment to be executed by their duly authorized representatives to be effective as of the Effective Date.

 

	
 
    	
KOSMOS ENERGY LTD.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ W. Greg Dunlevy
    
	
 
    	
 
    	
Name: W. Greg Dunlevy
    
	
 
    	
 
    	
Title:   Executive Vice President and   Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/ John R. Kemp
    
	
 
    	
 
    	
JOHN R. KEMPExhibit 10.5

 

KOSMOS ENERGY LTD.

 

AMENDMENT NUMBER THREE
 TO CONSULTING AGREEMENT

 

THIS AMENDMENT NUMBER THREE TO CONSULTING AGREEMENT (this “Amendment”), dated effective as of October 1, 2013 (the “Effective Date”), by and between Kosmos Energy Ltd., a company incorporated under the laws of Bermuda (“Kosmos”), and John R. Kemp (“Kemp”). Unless specifically set forth otherwise, reference to the “parties” in this Amendment refers solely to Kosmos and Kemp.

 

WITNESSETH

 

WHEREAS, Kosmos and Kemp entered into a Consulting Agreement dated October 31, 2011 and amended effective as of January 1, 2012 and January 1, 2013 (collectively, the “Consulting Agreement”) pursuant to which Kemp serves as a consultant to perform such services as Kosmos may reasonably request from time to time during the term of the Consulting Agreement, in addition to his duties as a member of the Kosmos Board of Directors; and

 

WHEREAS, Kosmos and Kemp desire to amend certain provisions of the Consulting Agreement as set forth in this Amendment.

 

NOW, THEREFORE, in consideration of the promises and mutual covenants and agreements set forth herein and for other good  and  valuation consideration, the receipt and  sufficiency of  which are hereby acknowledged, the parties, intending to be legally bound, agree as follows:

 

1.             Capitalized Terms. All capitalized terms used but not defined in this Amendment shall have the same meaning as prescribed in the Consulting Agreement.

 

2.             Amendment of Section 2. Effective as of the Effective Date, Section 2 of the Consulting Agreement shall be amended by replacing the second sentence thereof in its entirety with the following:

 

“Thereafter, this Agreement shall automatically renew and continue for an indefinite period of time (such period of time is referred to in this Agreement as the “Renewal Term”), unless and until on or after November 1, 2013 either party gives the other party written notice of termination at least five (5) days in advance; provided, however, in no event shall the Renewal Term exceed twelve (12) months in duration.”

 

3.             Amendment of Section 3. Effective as of the Effective Date, Section 3 of the Consulting Agreement shall be amended by replacing the first sentence thereof in its entirety with the following:

 

“3. Compensation. As payment for Kemp’s fulfillment of the Consulting Services and covenants set forth in this Agreement, each month of the Renewal Term Kosmos shall pay and provide to Kemp: (i) $61,000 payable in arrears; and (ii) an award of 1,000 restricted common shares of Kosmos, or a restricted share unit award with respect to 1,000 common shares of Kosmos, as determined by the Compensation Committee of the Board of Directors of Kosmos in its sole discretion, to be granted by Kosmos to Kemp on the first day of each such month, if any, which award shall become 100% vested (and, in the case of an award of restricted share units, 100% of the common shares underlying such award shall become issuable on or within 30 days after the date of such vesting) at the expiration of the Renewal Term (collectively, the “Compensation”).  In the event the Renewal Term is terminated prior to the end of a calendar month, the Compensation for such calendar month shall be proportionately reduced based on the number of days remaining in such calendar month after the termination date, divided by the total number of days in such calendar month.”

 

4.             Execution and Delivery. This Amendment may be executed in several counterparts, all of which will together constitute a single agreement among the parties. Delivery by electronic transmission of an executed counterpart of the signature page to this Amendment shall be as effective as delivery of a manually executed counterpart of this Amendment.

 

5.             No Other Amendments.  Except as  modified by  this  Amendment, all  provisions of  the  Consulting Agreement shall continue in full force and effect.

 

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[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment or have caused this Amendment to be executed by their duly authorized representatives to be effective as of the Effective Date.

 

 

	
 
    	
KOSMOS ENERGY LTD.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Jason E. Doughty
    
	
 
    	
Name:
    	
Jason   E. Doughty
    
	
 
    	
Title:   
    	
Senior   Vice President, General Counsel and Secretary
    
	
 
    	
 
    
	
 
    	
Date:
    	
8/29/2013
    
	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
/s/   John R. Kemp
    
	
 
    	
JOHN R. KEMP
    
	
 
    	
 
    
	
 
    	
Date:   
    	
8/29/2013
    
				

 

3Exhibit 10.6

 

 

November 22, 2011

 

Darrell McKenna
 5535 Memorial Drive, Suite F-455 
 Houston, Texas 77007

 

RE:         REVISED Offer of Employment (terminating all previous offers)

 

Dear Darrell,

 

On behalf of the Kosmos organization, I am pleased to extend an offer of employment to you with Kosmos Energy, LLC (“Kosmos Energy” or the “Company”) as Chief Operating Officer. This letter serves to confirm our offer of employment to you including the following:

 

	
Compensation:
    	
 
    	
A salary of $20,833.33 per semi-monthly pay period   (annualized to $500,000). Salary is paid on the 15th and last day of each   month. This position provides for an annual discretionary bonus that is   targeted, based on market comparisons, in the 75% range.
    
	
 
    	
 
    	
 
    
	
Signing Bonus:
    	
 
    	
A signing bonus of $600,000 will be paid in your first   paycheck. Should you voluntarily terminate your employment for any reason   within the first 12 months of employment, you agree to reimburse Kosmos   Energy for your signing bonus.
    
	
 
    	
 
    	
 
    
	
Incentive Compensation:
    	
 
    	
Kosmos Energy, Ltd. will grant you participation   in the Incentive Compensation Program (“Program”) with a face value of five (5) times your base annual salary. The face   value will be converted into participation in the Program by calculation   using Kosmos Energy, Ltd’s stock price on the first of the month following   your start date. The Incentive Compensation Award granted to you shall vest   in accordance with the program’s standard four year vesting cycle and will be   based on a mix of a 50% time-vesting schedule and a 50% performance-vesting   schedule. All terms and conditions of the Incentive Compensation Award   granted to you, including without limitation, the vesting schedules and   forfeiture restrictions, shall be subject to the provisions of the Long-Term   Incentive Plan as well as the attached form of Award Agreement(s) which   have been incorporated into this Offer Letter by reference.
    
	
 
    	
 
    	
 
    
	
Vacation:
    	
 
    	
Based on your years of relevant industry-related work   experience, Kosmos Energy offers you five (5) weeks of annual vacation allowance.
    

 

 

	
Relocation:
    	
 
    	
The Company will pay or reimburse you for all   reasonable and customary costs associated with moving your household goods   and effects to the Dallas/Fort Worth area, as indicated below:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
·      The cost of packing and transporting   standard furniture and personal effects belonging to you and members of your   immediate family will be covered.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
·      We will pay/reimburse your one-way   airfare for you and your immediate family from Australia to Dallas, Texas.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
In addition to the above:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
·      We will provide reasonable   expenses, including travel, for up to five days for you and your family to   attain housing in the Dallas/Fort Worth area. This is a taxable item, but it will be grossed up.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
·      We will pay/reimburse necessary   transitional temporary housing (approved by the Company in advance) as you   relocate from your current residence to the Dallas/Fort Worth area for up to   three (3) months. This is a taxable item, but it will   be grossed up.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
·      We will pay you a one-time lump sum of   $5,000 to cover miscellaneous expenses. Please be aware that this shall be   considered taxable income to you and will not be grossed up for federal   income tax purposes.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
·      Kosmos agrees to pay up to $25,000 to   cover the loss on the sale of your two vehicles in Australia. This is a   taxable item and will not be   grossed up for federal income tax purposes.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Other:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
·      Should you voluntarily terminate your   employment for any reason within the first 12 months of employment, you agree   to reimburse Kosmos Energy for the expenses incurred by the Company pursuant   to the “Relocation” section of this offer.
    
	
 
    	
 
    	
 
    
	
Spouse Assistance:
    	
 
    	
We will provide employment assistance through The MI   Group for your spouse. This benefit covers items such as,
    

 

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but not limited to, career counseling, employment   search coaching, resume development, career development workshops, etc.   This benefit is to be commenced within 90 days of your move date to Dallas   and should be completed within 1 year.
    
	
 
    	
 
    	
 
    
	
Severance Program:
    	
 
    	
If you are terminated through no fault of your own or   your position is eliminated and you are not offered a comparable position in   Dallas you will receive your current Base Annual Salary plus Estimated Bonus   for 1 year. Additionally, Kosmos will reimburse you the amount of COBRA   payment to cover medical and dental health insurance for you and your   dependents for 1 year.
    
	
 
    	
 
    	
 
    
	
Benefits Program:
    	
 
    	
As a full-time regular employee of Kosmos Energy, you   are entitled to participate in the Company benefit plans. For the 2012 Plan   Year, the company is paying 100% of the cost of these Employer Paid Plans.   Kosmos retains the right to change benefits and their costs at the Company’s   sole discretion.
    
	
 
    	
 
    	
 
    
	
Holiday:
    	
 
    	
The Company’s office closes for nine of the nationally   recognized, major U.S. holidays. Additionally, the company provides employees   the option to take two additional “floating” holidays of their choice.
    

 

Please be advised that your employment with Kosmos Energy will be at-will and nothing in this letter shall be deemed to be construed as a contract for a term of employment.

 

We look forward to receiving a response from you within the next week. If you have any additional questions, please do not hesitate to call me at 214-445-9606.

 

We believe Kosmos Energy is an outstanding organization with a capable, dedicated team and know you will be a valuable, enthusiastic addition.

 

	
 
    	
Sincerely,
    
	
 
    	
 
    
	
 
    	
/s/ Brian Maxted
    
	
 
    	
Brian Maxted
    
	
 
    	
President & Chief Executive Officer
    

 

cc: Grace Weisberg

 

3

 

I agree to the terms of the employment set forth above. Furthermore, I represent to Kosmos Energy that I am not subject to any obligation or agreement (e.g., an employment agreement or non-compete agreement) that would prevent me from becoming an employee of Kosmos Energy or that will adversely impact my ability to perform my duties.

 

I also agree that the terms and conditions of my employment offer are confidential.

 

	
/s/ Darrell McKenna
    	
 
    	
01/04/2012
    	
 
    	
01/03/2012
    
	
Darrell McKenna
    	
 
    	
Date
    	
 
    	
Start Date
    

 

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