Document:

exv10w31

 

Exhibit 10.31

TRIDENT RESOURCES CORP.

-and-

THE STOCKHOLDERS OF TRIDENT RESOURCES CORP. THAT ARE

SIGNATORIES HERETO

-and-

THE SHAREHOLDERS OF TRIDENT EXPLORATION CORP.

(OTHER THAN TRIDENT RESOURCES CORP. AND ITS SUBSIDIARIES)

THAT ARE SIGNATORIES HERETO

 

THIRD AMENDED & RESTATED REGISTRATION RIGHTS AGREEMENT

 

January 5, 2006

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page
	ARTICLE I
	 	DEFINITIONS	 	 	1	 
	 
	 	 	 	 	 	 
	1.1
	 	Definitions	 	 	1	 
	1.2
	 	References and Headings	 	 	6	 
	1.3
	 	Statutory References	 	 	6	 
	1.4
	 	Conflicts	 	 	6	 
	1.5
	 	Computation of Time Periods	 	 	6	 
	 
	 	 	 	 	 	 
	ARTICLE II
	 	REGISTRATION RIGHTS	 	 	6	 
	 
	 	 	 	 	 	 
	2.1
	 	Stockholder Demand Registration	 	 	6	 
	2.2
	 	General Piggyback Registration	 	 	7	 
	2.3
	 	Stockholder Piggyback Registration	 	 	7	 
	2.4
	 	Priority of Registration Rights	 	 	8	 
	2.5
	 	Obligations of TRC	 	 	8	 
	2.6
	 	Furnish Information	 	 	11	 
	2.7
	 	Underwriting Requirements	 	 	11	 
	2.8
	 	Delay of Registration	 	 	11	 
	2.9
	 	Indemnification	 	 	11	 
	2.10
	 	Reports Under the Exchange Act	 	 	14	 
	2.11
	 	Assignment of Registration Rights	 	 	14	 
	2.12
	 	Lock-Up Agreement	 	 	15	 
	2.13
	 	Termination of Registration Rights	 	 	15	 
	2.14
	 	Clarification of Registration Rights	 	 	15	 
	 
	 	 	 	 	 	 
	ARTICLE III
	 	NEW STOCKHOLDERS	 	 	16	 
	 
	 	 	 	 	 	 
	3.1
	 	Party to Agreement	 	 	16	 
	 
	 	 	 	 	 	 
	ARTICLE IV
	 	GENERAL PROVISIONS	 	 	16	 
	 
	 	 	 	 	 	 
	4.1
	 	Limitation of Trustee Liability	 	 	16	 
	4.2
	 	Waiver, Amendment	 	 	16	 
	4.3
	 	Notices	 	 	16	 
	4.4
	 	Time of Essence	 	 	16	 
	4.5
	 	Gender and Number	 	 	17	 
	4.6
	 	Further Assurances	 	 	17	 
	4.7
	 	Invalidity of Provisions	 	 	17	 
	4.8
	 	Entire Agreement; Termination of Prior Agreements	 	 	17	 
	4.9
	 	Governing Law	 	 	17	 
	4.10
	 	Counterparts	 	 	17	 

 

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	4.11
	 	Successors and Assigns	 	 	17	 
	4.12
	 	Independent Advice	 	 	18	 

ii

 

 

REGISTRATION RIGHTS AGREEMENT

          THIS AGREEMENT is made as of the ___day of January, 2006.

BY AND AMONG: TRIDENT RESOURCES CORP., a corporation incorporated under the laws of Delaware
(“TRC”) and EACH STOCKHOLDER OF TRC WHO FROM TIME TO TIME EXECUTES THIS AGREEMENT and THE
SHAREHOLDERS OF TEC (OTHER THAN TRC AND ITS SUBSIDIARIES) THAT ARE SIGNATORIES HERETO

BACKGROUND:

          A. TRC is incorporated under the laws of Delaware.

          B. TRC, its existing stockholders, and certain shareholders of Trident Exploration Corp., an
unlimited liability company existing under the laws of the Province of Nova Scotia, are parties to
a certain Second Amended and Restated Registration Rights Agreement dated March 29, 2005 (the
“Existing Agreement”).

          C. TRC is carrying out a private placement of TRC Common Stock, in respect of which common
stock of TRC will be issued. In connection with such private placement, TRC and the other parties
to the Existing Agreement, together with the purchasers in such private placement, are entering
into this Third Amended and Restated Registration Rights Agreement (this “Agreement”) to
add such purchasers as parties to the Existing Agreement and to extend certain other rights to such
purchasers and current holders of TRC Common Stock to enable them to sell shares of TRC Common
Stock in a public market in the United States or Canada in compliance with applicable laws, all as
hereinafter set forth.

          D. In addition, TRC plans to issue additional shares of TRC Common Stock pursuant to the
exercise of “keep up” rights as provided in Article 10 of the Stockholder Agreement.

          NOW THEREFORE, in consideration of the foregoing and the mutual covenants and agreements set
forth herein, the mutual benefits to be gained by the performance thereof and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged and accepted,
the parties agree as set forth below.

ARTICLE I

DEFINITIONS

          1.1 Definitions. In this Agreement:

          “Affiliate” means with respect to any Person, (a) any other Person directly or
indirectly Controlling or Controlled by, or under direct or indirect common Control

 

 

with, such Person; and (b) any other Person for which that Person or its general partner or
any Person or entity serving in a similar capacity (other than investment advisor), or any of their
respective Affiliates, serves as general partner or in a similar capacity, and all mutual funds,
hedge funds, or other pooled investment vehicles or entities under the control or management of
such other Person or the general partner or investment adviser thereof or any Person serving in a
similar capacity, or any Affiliate of any of them, or any Affiliates of any of the foregoing.

          “Business Day” means a day other than a Saturday, Sunday or a statutory holiday in the
City of Calgary, Alberta or a federally recognized holiday in the United States.

          “Control” means:

          (i) in relation to a body corporate, control of the body corporate, and for the purposes of
this Agreement, a Person or Persons acting in concert control a body corporate and a body corporate
is controlled by a Person or Persons acting in concert if securities of the body corporate to which
are attached more than 50% of the votes that may be cast to elect directors of the body corporate
are held, other than by way of security only, by or for the benefit of that Person or Persons
acting in concert and such securities are sufficient to elect a majority of the directors of the
body corporate, and

          (ii) in relation to an entity other than a body corporate, the possession, directly or
indirectly, of the power to direct the management and policies of such entity, whether through
ownership of voting securities, by contract, by being the sole or controlling general partner of a
limited partnership or otherwise,
and the terms “Controlling” and “Controlled” have meanings correlative to the
foregoing.

          “Effectively Outstanding Common Equity” means at any time the sum of the number of
shares of TRC Common Stock and Series A Preferred Stock then outstanding plus the number of Third
Party TEC Common Shares, then outstanding, provided that:

          (i) shares of TRC Common Stock, Series A Preferred Stock or TEC Common Shares issuable upon
the exercise of options, warrants, securities convertible into such capital stock and other rights
to acquire such capital stock shall not constitute outstanding shares of TRC Common Stock, Series A
Preferred Stock or outstanding TEC Common Shares for purposes of calculating the foregoing until
they are issued; and

          (ii) if, at any time, the number of outstanding TEC Common Shares effectively owned by TRC is
greater or less than the number of outstanding shares of TRC Common Stock and Series A Preferred
Stock (whether as a result of a stock split, consolidation or similar event or any other reason),
then, for purposes of computing the Effectively Outstanding Common Equity at that time:

2

 

          (A) the number of shares of TRC Common Stock and Series A Preferred Stock then
outstanding shall be deemed to be the number of shares of TRC Common Stock and Series A
Preferred Stock actually outstanding multiplied by the Adjustment Factor;

          (B) the number of shares of TRC Common Stock and Series A Preferred Stock held by a
Person shall be deemed to be equal to the number of outstanding shares of TRC Common Stock
and Series A Preferred Stock actually held by that Person at the time multiplied by the
Adjustment Factor;

          (C) the Adjustment Factor will be the number of outstanding TEC Common Shares
effectively owned by TRC at the time divided by the actual number of shares of TRC Common
Stock and Series A Preferred Stock then outstanding. (not counting shares of TRC Common
Stock and Series A Preferred Stock of which the proceeds of issuance were used other than
to fund a subscription for TEC Common Shares by TRC or an Entity Controlled by TRC);

          (D) the number of outstanding TEC Common Shares effectively owned by TRC at any time
is the sum of:

          (1) the number of TEC Common Shares then owned by TRC; plus

          (2) for each entity which TRC Controls, the number of TEC Common Shares then
owned by such entity multiplied by the percentage of the common equity of such
entity then owned by TRC.

          “Exchange Act” means the Securities Exchange Act of 1934, as amended (and any
successor thereto) and the rules and regulations promulgated thereunder.

          “Exchange Rights Agreement” means the exchange rights agreement dated December 4, 2003
among TRC, TEC, the TRC Holders and the holders of Third Party TEC Common Shares, as amended,
supplemented, or restated from time to time.

          “Form S-3” means such form under the Securities Act as in effect on the date hereof or
any successor form under the Securities Act that permits significant incorporation by reference of
TRC’s subsequent public filings under the Exchange Act.

          “General Piggyback Registration” has the meaning attributed to it in Section 2.2.

          “Party” means a party to this Agreement.

          “Person” means any individual, partnership, limited partnership, limited liability
company, joint venture, syndicate, sole proprietorship, company or corporation with or without
share capital, unincorporated association, trust, trustee, executor, administrator or other legal
personal representative, regulatory body or agency,

3

 

government or governmental agency, authority or entity however designated or constituted.

          “Qualified Public Offering” means a public offering of TRC’s Common Stock pursuant to
a registration statement in compliance with the Securities Act, with gross proceeds to TRC of at
least US $50 million.

          “register,” “registered,” and “registration” refer to a registration
effected by preparing and filing a registration statement or similar document in compliance with
the Securities Act, and the declaration or ordering of effectiveness of such registration statement
or document.

          “Registrable Securities” means shares of TRC Common Stock held by a Stockholder from
time to time, including those issued by TRC pursuant to the Exchange Rights Agreement, or issuable
in respect of any Unit held by such Stockholder from time to time (whether such shares are issuable
as dividends on the share of Series A Preferred Stock associated with such Unit or upon exercise of
the warrant associated with such Unit). The number of shares of “Registrable Securities then
outstanding” shall be determined by the number of shares of TRC Common Stock outstanding which
are, and the number of shares of TRC Common Stock issuable pursuant to then exercisable or
convertible securities which are, Registrable Securities.

          “SEC” means the Securities and Exchange Commission.

          “Securities Act” means the Securities Act of 1933, as amended (and any successor
thereto) and the rules and regulations promulgated thereunder.

          “Shelf Registration Rights Agreement” means the Registration Rights Agreement, dated
as of January [ ], 2006, among TRC and the Stockholders party thereto.

          “Stockholder” means a TEC Shareholder or a TRC Holder party to this Agreement.

          “Stockholder Agreement” means the Amended and Restated Stockholder Agreement dated
August 25, 2004 among TRC, TEC, all TRC Holders and Third Party TEC Common Shareholders, as
amended, restated or supplemented from time to time, until said Amended and Restated Stockholder
Agreement as so amended, restated or supplemented is superseded by the Second Amended and Restated
Stockholder Agreement dated March 11, 2005 among TRC, TEC, all TRC Holders and Third Party TEC
Common Shareholders, as amended, restated or supplemented from time to time, and thereafter said
Second Amended and Restated Stockholder Agreement as so amended, restated or supplemented.

          “Stockholder Demand Registration” has the meaning attributed to it in Section 2.1(b).

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          “Stockholder Piggyback Registration” has the meaning attributed to it in Section 2.3.

          “TEC” means Trident Exploration Corp., an unlimited liability company existing under
the laws of the Province of Nova Scotia.

          “TEC Common Shares” means Class A Common Shares in the capital of TEC.

          “TEC Shareholders” means holders of TEC Common Shares and “TEC Shareholder”
means any one of them.

          “Third Party TEC Common Shares” means the outstanding TEC Common Shares that are held
from time to time by any person other than (a) TRC; (b) Aurora Energy, LLC, NexGen Energy Canada,
Inc., Trident CBM Corp. or NRL Energy Investments Ltd.; or (c) any entity Controlled by TRC.

          “Transfer” includes any sale, exchange, assignment, gift, bequest, disposition,
mortgage, charge, hypothecate, pledge, encumbrance, grant of security interest or other arrangement
by which possession, legal title or beneficial ownership passes from one Person to another, or to
the same Person in a different capacity, whether or not voluntary and whether or not for value, and
any agreement to effect any of the foregoing.

          “TRC” means Trident Resources Corp., a corporation incorporated pursuant to the laws
of the State of Delaware.

          “TRC Common Stock” means the common stock of TRC.

          “TRC Holder” means any Person that holds any shares of TRC Common Stock or any Units.

          “TRC Loan” means an advance, as debt, by TRC to TEC or any other subsidiary of TRC of
the proceeds of any issuance of TRC Common Stock.

          “TRC Warrants” means the warrants issued by TRC as part of the Units.

          “Trust” means The McNeil Family Irrevocable GST Trust.

          “Unit” means one share of Series A Cumulative Preferred Stock of TRC and a warrant
exercisable for one share of TRC Common Stock, which share and warrant were sold as a unit pursuant
to the private placement the initial closing of which was March 11, 2005, or pursuant to the
exercise of “keep up” rights under Article 10 of the Stockholder Agreement.

          “Violation” has the meaning attributed to it in Section 2.9.

5

 

          1.2 References and Headings. The references “hereunder,” “herein” and
“hereof” refer to the provisions of this Agreement and references to Articles, Sections and
Subsections herein refer to articles, sections or subsections of this Agreement. Any reference to
time shall refer to Calgary time. The headings of the Articles, Sections, Schedules and any other
headings, captions or indices herein are inserted for convenience of reference only and shall not
be used in any way in construing or interpreting any provision hereof.

          1.3 Statutory References. Any reference to a statute shall include and shall be deemed to
be a reference to such statute and to the regulations made pursuant thereto, and all amendments
made thereto and in force from time to time, and to any statute or regulation that may be passed
which has the effect of supplementing the statute so referred to or the regulations made pursuant
thereto.

          1.4 Conflicts. If there is any conflict or inconsistency between a provision of the body
of this Agreement and that of any document delivered pursuant to this Agreement, including the
Shelf Registration Rights Agreement, the provision of the body of this Agreement shall prevail.

          1.5 Computation of Time Periods. Except as expressly set out in this Agreement, the
computation of any period of time referred to in this Agreement shall exclude the first day and
include the last day of such period. If the time limited for the performance or completion of any
matter under this Agreement expires or falls on a day that is not a Business Day, the time so
limited shall extend to the next following Business Day.

ARTICLE II

REGISTRATION RIGHTS

          2.1 Stockholder Demand Registration.

          (a) (i) If TRC shall receive at any time on or after the 181st day after the effective date of
the first registration statement for a public offering of securities of TRC (other than a
registration statement relating either to the sale of securities to employees of TRC or TEC
pursuant to a stock option, stock purchase or similar plan or to an SEC Rule 145 transaction), a
written request from a Stockholder that TRC file a registration statement under the Securities Act,
which demand specifies the number of Registrable Securities of such Stockholder that such
Stockholder requests to be registered, then TRC shall, provided that it is reasonably anticipated
such Registrable Securities requested to be registered have an aggregate market value of at least
US $5,000,000, use its best efforts to file as soon as practicable, and in any event within 90 days
of the receipt of such request, a registration statement under the Securities Act covering all
Registrable Securities which the Stockholder requests to be registered.

          (b) The expenses of such registration shall be borne by TRC, excluding underwriters’ fees or
commissions on such Registrable Securities, which fees and commissions shall be paid by the
Stockholder. TRC shall have the right to select the

6

 

investment banker(s) and manager(s) to administer the offering of such Registrable Securities,
subject to the approval of such Stockholder, which approval shall not be unreasonably withheld. A
completed sale pursuant to a registration of Registrable Securities pursuant to this Section 2.1
shall be referred to as a “Stockholder Demand Registration” for such Stockholder.

          (c) TRC shall not be obligated to effect more than one Stockholder Demand Registration for
each Stockholder (together, with its Affiliates). If a request for a Stockholder Demand
Registration is made by a Stockholder pursuant to this Section 2.1 and such Stockholder
subsequently withdraws such demand after TRC has incurred expenses of more than US $20,000 in
complying with such request, such aborted registration attempt shall count as such Stockholder’s
Demand Registration.

          (d) TRC may postpone, for up to 90 days, the filing or effectiveness of a Stockholder Demand
Registration if TRC reasonably believes that such Stockholder Demand Registration would have an
adverse effect on any proposal or plan by TRC to engage in any acquisition of assets or any merger,
consolidation, take-over bid or similar transaction. If the filing of a registration statement
respecting a Stockholder Demand Registration would require the disclosure of material information
which TRC has a bona fide business purpose for preserving as confidential, TRC shall not be
required to effect the Stockholder Demand Registration until the earlier of: (i) the date upon
which such material information is disclosed to the public or ceases to be material; or (ii) 90
days after TRC makes such good faith determination. If TRC has been advised by an independent
investment dealer that a Stockholder Demand Registration, at the time and on the terms requested,
would adversely affect any proposed financing by TRC, TRC shall not be required to effect a
Stockholder Demand Registration until the later of: (i) 45 days after completion or abandonment of
such financing; and (ii) termination of any “blackout” required by the underwriters or agents in
connection with such financing. Notwithstanding the foregoing, TRC may postpone the filing or
effectiveness of a registration statement pursuant to this Section 2.1(d) for no more than an
aggregate of 90 days in any 365-day period.

          2.2 General Piggyback Registration. Whenever a Stockholder makes a request for a
Stockholder Demand Registration, TRC will give prompt written notice to all other Stockholders of
its intention to effect a registration in accordance with such request, and will use commercially
reasonable efforts, subject to the limitations herein, to include in such registration all
Registrable Securities held by any other Stockholders in respect of which TRC has received a
written request for inclusion therein from any such other Stockholders within 15 days after such
other Stockholders are in receipt of TRC’s notice (a “General Piggyback Registration”).
The expenses pursuant to the General Piggyback Registration shall be borne by TRC, excluding
underwriters’ fees or commissions on Registrable Securities held by the Stockholder and those held
by the other Stockholders, which shall be paid pro rata by the Stockholder and such other
Stockholders.

          2.3 Stockholder Piggyback Registration. In the event TRC proposes to register any TRC
Common Stock (other than pursuant to a Stockholder Demand

7

 

Registration or a General Piggyback Registration or pursuant to Section 2.5(b)), it shall give
as much prior written notice thereof as is reasonably possible to each Stockholder containing
details of the proposed registration and subject to the limitations herein shall use all
commercially reasonable efforts to include Registrable Securities owned by such Stockholder in the
registration to the extent requested by such Stockholder (each a “Stockholder Piggyback
Registration”). The expenses of such registration shall be borne by TRC, excluding
underwriters’ fees or commissions payable on Registrable Securities owned by such Stockholder which
shall be paid by such Stockholder and excluding underwriters’ fees or commissions payable on
Registrable Securities issued by TRC which will be paid by TRC.

          2.4 Priority of Registration Rights.

          (a) If in the process of effecting a General Piggyback Registration the managing underwriters
or agents advise TRC in writing that in their opinion the number of securities requested to be
included in such distribution exceeds the number which can be sold in an orderly manner in such
offering within a price range acceptable to holders of the Registrable Securities TRC will include
in such distribution the Registrable Securities requested by all Stockholders to be included in
such distribution on a pro rata basis (based upon each Stockholder’s relative holdings of
Registrable Securities to each other).

          (b) If in the process, of effecting a Stockholder Piggyback Registration and the managing
underwriters or agents advise TRC in writing that in their opinion the number of Registrable
Securities requested to be included in such distribution exceeds the number which can be sold in an
orderly manner in such offering within a price range reasonably acceptable to TRC, TRC will include
in such distribution: (i) first, the Registrable Securities TRC proposes to sell; and (ii) second,
the Registrable Securities held by all other Stockholders that have requested participation
pursuant to registration rights granted to them, and requested to be included in such distribution
on a pro rata basis (based upon each Stockholder’s relative holdings of Registrable Securities to
each other).

          (c) If a Stockholder making the initial request for registration pursuant to a Stockholder
Demand Registration is unable, as the result of cutbacks by the managing underwriters or agents of
TRC for the relevant offering and the effect of the allocations under 2.4(a) above, to include in
such registration more than 25% of the shares initially requested to be registered, then, for
purposes of Section 2.1(c) above (but not Section 2.1(d) above), such Stockholder shall not be
deemed to have made such initial request.

          2.5 Obligations of TRC.

          (a) Whenever required under this Agreement to effect the registration of any Registrable
Securities, TRC shall, as expeditiously as reasonably possible:

8

 

               (i) Prepare and file with the SEC a registration statement with respect to such Registrable
Securities and use its best efforts to cause such registration statement to become effective, and
keep such registration statement effective (a) for up to 120 days, or until the distribution
described in such registration statement is completed, if earlier, or (b) in the case of a
registration statement filed pursuant to Section 2.5(b)(ii), for a period extending until one year
after the date of issuance of the shares of TRC Common Stock received in respect of the Units in
connection with a Qualified Public Offering or, if earlier, until TRC complies with clause (i) of
Section 2.5(b). Except as provided in Section 2.5(b), TRC shall not be required to file, cause to
become effective or maintain the effectiveness of any registration statement that contemplates a
distribution of securities on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act.

               (ii) Prepare and file with the SEC such amendments and supplements to such registration
statement and the prospectus used in connection with such registration statement as may be
necessary to comply with the provisions of the Securities Act with respect to the disposition of
all securities covered by such registration statement (a) for up to 120 days, or until the
distribution described in such registration statement is completed, if earlier, or (b) in the case
of a registration statement filed pursuant to Section 2.5(b)(ii), for a period extending until one
year after the date of issuance of the shares TRC Common Stock received in respect of the Units in
connection with a Qualified Public Offering or, if earlier, until TRC complies with clause (i) of
Section 2.5(b).

               (iii) Furnish to the participating Stockholders such numbers of copies of a prospectus,
including a preliminary prospectus, in conformity with the requirements of the Securities Act, and
such other documents as they may reasonably request in order to facilitate the disposition of
Registrable Securities owned by them.

               (iv) Use its best efforts to register and qualify the securities covered by such registration
statement under such other securities or Blue Sky laws of such jurisdictions as shall be reasonably
requested by the Stockholders, provided that TRC shall not be required in connection therewith or
as a condition thereto to qualify to do business or to file a general consent to service of process
in any such states or jurisdictions.

               (v) In the event of any underwritten public offering, enter into and perform its obligations
under an underwriting agreement, in usual and customary form, with the managing underwriter of such
offering. Each Stockholder participating in such underwriting shall also enter into and perform its
obligations under such an agreement.

               (vi) Notify each participating Stockholder at any time when a prospectus relating to the
applicable registration statement is required to be delivered under the Securities Act of the
happening of any event as a result of which the prospectus included in such registration statement,
as then in effect, includes an untrue statement of a material fact or omits to state a material
fact required to be stated therein or necessary to

9

 

make the statements therein not misleading in the light of the circumstances then existing,
such obligation to continue (a) for up to 120 days, or until the distribution described in such
registration statement is completed, if earlier, or (b) in the case of a registration statement
filed pursuant to Section 2.5(b)(ii), for a period extending until one year after the date of
issuance of the shares TRC Common Stock received in respect of the Units in connection with a
Qualified Public Offering or, if earlier, until TRC complies with clause (i) of Section 2.5(b).

               (vii) Cause all such Registrable Securities registered pursuant hereunder to be listed on each
securities exchange on which similar securities issued by TRC are then listed.

               (viii) Provide a transfer agent and registrar for all Registrable Securities registered
pursuant hereunder and a CUSIP number for all such Registrable Securities, in each case not later
than the effective date of such registration.

               (ix) Use its best efforts to furnish, at the request of any Stockholder requesting
registration of Registrable Securities pursuant to Section 2.1 of this Agreement, on the date that
such Registrable Securities are delivered to the underwriters for sale in connection with a
registration pursuant to this Agreement, if such securities are being sold through underwriters,
(i) an opinion, dated such date, of the counsel representing TRC for the purposes of such
registration, in form and substance as is customarily given to underwriters in an underwritten
public offering, addressed to the underwriters and (ii) a letter dated such date, from the
independent certified public accountants of TRC, in form and substance as is customarily given by
independent certified public accountants to underwriters in an underwritten public offering,
addressed to the underwriters.

          (b) On or prior to the 181st day following the effective date of the registration statement of
TRC filed under the Securities Act in connection with a Qualified Public Offering, TRC shall at its
own expense use reasonable best efforts to do one or more of the following:

               (i) Furnish each holder of shares of TRC Common Stock issued as a result of the exercise of a
warrant associated with any Unit either (A) a no-action letter from the staff of the Securities and
Exchange Commission or (B) an opinion of outside U.S. legal counsel to TRC, in either case
providing that each such Person may, pursuant to Rule 144 promulgated under the Securities Act,
“tack” its holding period for shares of TRC Common Stock received in respect of such holder’s
Unit(s) to its holding period for such Unit(s) for purposes of calculating the holding period
required by Rule 144; or

               (ii) Pursuant to the Securities Act, file and have declared effective a shelf registration
statement pursuant to Rule 415 under the Securities Act covering the shares of TRC Common Stock
received in respect of the Units and, subject to the provisions of Section 2.5(c), maintain the
effectiveness of such registration

10

 

statement until the one-year anniversary of the issuance of such shares of Common Stock; or

               (iii) otherwise take such steps, within the control of TRC, as may be required to allow such
shares of TRC Common Stock to be sold into a public market without legends restricting free
transfer and in compliance with applicable law.

          (c) TRC may terminate, for up to 90 days, the effectiveness of a registration statement filed
pursuant to Section 2.5(b)(ii) if TRC reasonably believes that such registration would have an
adverse effect on any proposal or plan by TRC to engage in any acquisition of assets or any merger,
consolidation, take-over bid or other material action or transaction. If the continued
effectiveness of such registration statement would require the disclosure of material information
which TRC has a bona fide business purpose for preserving as confidential, TRC may suspend the
effectiveness of such registration statement until the earlier of: (i) the date upon which such
material information is disclosed to the public or ceases to be material; or (ii) 90 days after
such suspension. Notwithstanding the foregoing, TRC may terminate the effectiveness of a
registration statement pursuant to this Section 2.5(c) for no more than an aggregate of 90 days in
any 365 day period.

          (d) The expenses of registration under Section 2.5(b)(ii) shall be borne by TRC, excluding
underwriters’ fees or commissions on such Registrable Securities, which fees and commissions shall
be paid by the Stockholder.

          2.6 Furnish Information. It shall be a condition precedent to the obligations of TRC to
take any action pursuant to this Agreement with respect to the registration of any Registrable
Securities of any Stockholder that such Stockholder shall furnish to TRC such information regarding
itself, the Registrable Securities held by it, and the intended method of disposition of such
securities as shall be required to effect the registration of such Stockholder’s Registrable
Securities.

          2.7 Underwriting Requirements. In connection with any offering involving an underwriting
of shares of Registrable Securities, TRC shall not be required under this Agreement to include any
Stockholder’s Registrable Securities in such underwriting unless such Stockholder accepts the terms
of the underwriting as agreed upon between TRC and the underwriters selected by it, and then only
in such quantity as the underwriters determine in their sole discretion will not jeopardize the
success of the offering by TRC.

          2.8 Delay of Registration. No Stockholder shall have any right by virtue of this
Agreement to obtain or seek an injunction restraining or otherwise delaying any such registration
as the result of any controversy that might arise with respect to the interpretation or
implementation of this Agreement.

          2.9 Indemnification. In the event any Registrable Securities are included in a
registration statement under this Agreement:

11

 

          (a) To the extent permitted by law, TRC will indemnify and hold harmless each Stockholder, and
each such Stockholder’s officers, directors, managers, members, employees, partners, consultants
and agents, any underwriter (as defined in the Securities Act) for such Stockholder and each
person, if any, who controls such Stockholder or underwriter within the meaning of the Securities
Act or the Exchange Act, against any losses, claims, damages, or liabilities (joint or several) to
which they may become subject under the Securities Act, the Exchange Act or other federal or state
law, insofar as such losses, claims, damages, or liabilities (or actions in respect thereof) arise
out of or are based upon any of the following statements, omissions or violations (collectively a
“Violation”): (i) any untrue statement or alleged untrue statement of a material fact
contained in such registration statement, including any preliminary prospectus or final prospectus
contained therein or any amendments or supplements thereto, (ii) the omission or alleged omission
to state therein a material fact required to be stated therein, or necessary to make the statements
therein not misleading, or (iii) any violation or alleged violation by TRC of the Securities Act,
the Exchange Act, any state securities law or any rule or regulation promulgated under the
Securities Act, the Exchange Act or any state securities law; and TRC will pay to each such
Stockholder, underwriter or controlling person, as incurred, any legal or other expenses reasonably
incurred by them in connection with investigating or defending any such loss, claim, damage,
liability, or action; provided, however, that the indemnity agreement contained in this Section
2.9(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability, or
action if such settlement is effected without the consent of TRC (which consent shall not be
unreasonably withheld), nor shall TRC be liable to any Stockholder, underwriter or controlling
person for any such loss, claim, damage, liability, or action to the extent that it arises out of
or is based upon a Violation which occurs in reliance upon and in conformity with written
information furnished expressly for use in connection with such registration by any such
Stockholder, underwriter or controlling person.

          (b) To the extent permitted by law, each selling Stockholder will indemnify and hold harmless
TRC, each of its directors, each of its officers who has signed the registration’ statement, each
person, if any, who controls TRC within the meaning of the Securities Act, any underwriter, any
other Stockholder selling securities in such registration statement and any controlling person of
any such underwriter or other Stockholder, against any losses, claims, damages, or liabilities
(joint or several) to which any of the foregoing persons may become subject, under the Securities
Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages, or
liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each
case to the extent (and only to the extent) that such Violation occurs in reliance upon and in
conformity with written information furnished by such Stockholder expressly for use in connection
with such registration; and each such Stockholder will pay, as incurred, any legal or other
expenses reasonably incurred by any person intended to be indemnified pursuant to this subsection
2.9(b), in connection with investigating or defending any such loss, claim, damage, liability, or
action; provided, however, that the indemnity agreement contained in this subsection 2.9(b) shall
not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if
such settlement is effected without the consent of the Stockholder, which consent shall not be
unreasonably withheld; provided,

12

 

that in no event shall any indemnity under this subsection 2.9(b) exceed the net proceeds from
the offering (or from a sale under a registration statement filed by TRC pursuant to Section
2.5(b)(ii)) received by such Stockholder, except in the case of willful fraud by such Stockholder.

          (c) Promptly after receipt by an indemnified party under this Section 2.9 of notice of the
commencement of any action (including any governmental action), such indemnified party will, if a
claim in respect thereof is to be made against any indemnifying party under this Section 2.9,
deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying
party shall have the right to participate in, and, to the extent the indemnifying party so desires,
jointly with any other indemnifying party similarly noticed, to assume the defense thereof with
counsel mutually satisfactory to the parties; provided, however, that an indemnified party
(together with all other indemnified parties which may be represented without conflict by one
counsel) shall have the right to retain one separate counsel, with the reasonable fees and expenses
to be paid by the indemnifying party, if representation of such indemnified party by the counsel
retained by the indemnifying party would be inappropriate due to actual or potential differing
interests between such indemnified party and any other party represented by such counsel in such
proceeding. The failure to deliver written notice to the indemnifying party within a reasonable
time of the commencement of any such action, if prejudicial to its ability to defend such action,
shall relieve such indemnifying party of any liability to the indemnified party under this Section
2.9, but the omission so to deliver written notice to the indemnifying party will not relieve it of
any liability that it may have to any indemnified party otherwise than under this Section 2.9.

          (d) If the indemnification provided for in this Section 2.9 is held by a court of competent
jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim,
damage or expense referred to therein, then the indemnifying party, in lieu of indemnifying such
indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified
party as a result of such loss, liability, claim, damage, or expense in such proportion as is
appropriate to reflect the relative fault of the indemnifying party on the one hand and of the
indemnified party on the other in connection with the statements or omissions that resulted in such
loss, liability, claim, damage or expense as well as any other relevant equitable considerations;
provided, that in no event shall any contribution by a Stockholder under this Subsection 2.9(d)
exceed the net proceeds from the offering (or from a sale under a registration statement filed by
TRC pursuant to Section 2.5(b)(ii)) received by such Stockholder, except in the case of willful
fraud by such Stockholder. The relative fault of the indemnifying party and of the indemnified
party shall be determined by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission to state a material fact relates to information
supplied by the indemnifying party or by the indemnified party and the parties’ relative intent,
knowledge, access to information, and opportunity to correct or prevent such statement or omission.

          (e) Notwithstanding the foregoing, to the extent that the provisions on
indemnification and contribution contained in the underwriting agreement

13

 

entered into in connection with the underwritten public offering are in conflict with the
foregoing provisions, the provisions in the underwriting agreement shall control.

          (f) The obligations of TRC and Stockholders under this Section 2.9 shall survive the
completion of any offering (or from a sale under a registration statement filed by TRC pursuant to
Section 2.5(b)(ii)) of Registrable Securities in a registration statement under this Agreement, and
otherwise.

          2.10 Reports Under the Exchange Act. With a view to making available to the Stockholders
the benefits of Rule 144 promulgated under the Securities Act and any other rule or regulation of
the SEC that may at any time permit a Stockholder to sell securities of TRC to the public without
registration or pursuant to a registration on Form S-3, TRC agrees to:

          (a) make and keep public information available, as those terms are understood and defined in
SEC Rule 144, at all times after 90 days after the effective date of the first registration
statement filed by TRC for the offering of its securities to the general public so long as TRC
remains subject to the periodic reporting requirements under Sections 13 or 15(d) of the Exchange
Act;

          (b) take such action, including the voluntary registration of its TRC Common Stock under
Section 12 of the Exchange Act, as is necessary to enable the TRC Holder to utilize Form S-3 for
the sale of their Registrable Securities, such action to be taken as soon as practicable after the
end of the fiscal year in which the first registration statement filed by TRC for the offering of
its securities to the general public is declared effective;

          (c) file with the SEC in a timely manner all reports and other documents required of TRC under
the Securities Act and the Exchange Act; and

          (d) furnish to any Stockholder, so long as the Stockholder owns any Registrable Securities,
forthwith upon request (i) a written statement by TRC that it has complied with the reporting
requirements of SEC Rule 144 (at any time after 90 days after the effective date of the first
registration statement filed by TRC), the Securities Act and the Exchange Act (at any time after it
has become subject to such reporting requirements), or that it qualifies as a registrant whose
securities may be resold pursuant to Form S-3 (at any time after it so qualifies), (ii) a copy of
the most recent annual or quarterly report of TRC and such other reports and documents so filed by
TRC, and (iii) such other information as may be reasonably requested in availing any Stockholder of
any rule or regulation of the SEC which permits the selling of any such securities without
registration or pursuant to such form.

          2.11 Assignment of Registration Rights. The rights to cause TRC to register Registrable
Securities pursuant to this Agreement may be assigned by a Stockholder to a transferee or assignee
of TRC Common Stock or Third Party TEC Common Shares or Units held by such Stockholder so long as
such transfer or assignment of capital stock complies with the provisions regarding the transfer of
TRC Common

14

 

Stock and TEC
Common Shares and Units contained in the Stockholder Agreement; provided, however, (i) the
transferor shall furnish to TRC written notice of the name and address of such transferee or
assignee and the securities with respect to which such registration rights are being assigned and
(ii) such transferee shall agree to be subject to all restrictions and obligations set forth in
this Agreement.

          2.12 Lock-Up Agreement. Each Stockholder agrees, solely in connection with TRC’s initial
public offering, that such Stockholder shall not sell, transfer, make any short sale of, grant any
option for the purchase of, or enter into any hedging or similar transaction with the same economic
effect as a sale, any shares of TRC Common Stock or other security of TRC (or any TEC Common Shares
or other security of TEC) held by such Stockholder (other than those included in the registration
or purchased on the open market) for a period specified by the representative of the underwriters
of TRC Common Stock (or other securities of TRC) not to exceed one hundred eighty (180) days
following the effective date of the registration statement of TRC filed under the Securities Act;
provided that all officers and directors of TRC and TEC and each holder that beneficially owns at
least one percent (1%) of the Effectively Outstanding Common Equity enter into similar agreements.

          Each Stockholder agrees to execute and deliver such other agreements as may be reasonably
requested by TRC or the underwriter which are consistent with the foregoing or which are necessary
to give further effect thereto. In addition, if requested by TRC or the representative of the
underwriters of TRC Common Stock (or other securities of TRC), each Stockholder shall provide,
within ten (10) days of such request, such information as may be required by TRC or such
representative in connection with the completion of any public offering of TRC’s securities
pursuant to a registration statement filed under the Securities Act. TRC may impose stop-transfer
instructions with respect to the shares of TRC Common Stock (or other securities of TRC) subject to
the foregoing restriction until the end of said one hundred eighty (180) day period.

          2.13 Termination of Registration Rights. No Stockholder shall be entitled to exercise any
registration right provided for in Section 2.1 of this Agreement after such time as Rule 144(k)
under the Securities Act is available for the sale of all of such Stockholder’s shares without
registration; provided, that Section 2.5(b)(ii) shall be applicable in accordance with its terms
unless TRC complies with Section 2.5(b)(i) prior to the termination of the one year period referred
to in Section 2.5(b)(ii) and provided further that such Stockholder’s registration rights shall be
reactivated during any period of time that the Rule 144(k) exemption ceases to be available to such
Stockholder due to a failure by TRC to comply with the reporting requirements of the Exchange Act
or otherwise.

          2.14 Clarification of Registration Rights. The parties hereto agree that none of the
rights contained in this Article 2 shall be construed as an obligation of TRC to register any of
the TEC Common Shares.

15

 

ARTICLE III

NEW STOCKHOLDERS

          3.1 Party to Agreement. Any transferee of TRC Common Stock or Units and any Person who is
issued TRC Common Stock by TRC may become a party to this Agreement by executing and delivering to
TRC a written agreement in the form attached hereto as Schedule “B”.

ARTICLE IV

GENERAL PROVISIONS

          4.1 Limitation of Trustee Liability. Notwithstanding anything in this Agreement to the
contrary, Wyoming Bank & Trust and Lynn P. Hendrix are executing this Agreement solely as trustees
of the Trust, and shall have no liability or obligation in their individual capacities or in the
capacities other than as trustees of the Trust. Only those assets and property held by Wyoming Bank
& Trust and Lynn P. Hendrix as trustees of the Trust under and pursuant to the agreement creating
the Trust shall be bound by the terms of this Agreement, and this Agreement shall have no effect on
any assets or property owned by the Wyoming Bank & Trust or by Lynn P. Hendrix in their individual
capacities or in any capacities other than as trustees of the Trust. By executing this Agreement,
Wyoming Bank & Trust and Lynn P. Hendrix represent that they are the sole trustees of the Trust and
that they are authorized under the Trust’s governing documents to execute this Agreement on behalf
of and in their capacity as trustees of the Trust.

          4.2 Waiver, Amendment.

          (a) Subject to Section 4.2(b), any waiver or amendment to any provision of this Agreement
shall bind all of the parties, if such waiver or amendment is agreed to in writing by TRC and by
Stockholders holding at least 95% of the Effectively Outstanding Common Equity held by all
Stockholders at such time.

          (b) Notwithstanding Section 4.2(a), this Agreement may be amended at any time, with the
consent of TRC, to add additional stockholders of TRC.

          4.3 Notices. All notices, offers, requests and other communications to a Party provided
for hereunder shall be in writing, shall be personally delivered, express couriered or sent via
facsimile transmission and shall, unless otherwise expressly provided herein, be effective (a) if
received during normal business hours, when received, or (b) if received after normal business
hours or on a day that is not a Business Day, on the next Business Day, in each case at the address
or facsimile number specified for the Party in Schedule “A” hereto. A Party may change its address
or facsimile number for delivery by notice to the other Parties in the manner set forth herein, and
such changed address or facsimile number for notices, offers, requests and other communications
provided for hereunder, shall be effective for all purposes of this Agreement.

          4.4 Time of Essence. Time is of the essence of this Agreement.

16

 

          4.5 Gender and Number. In this Agreement, unless the context otherwise required, words
indicating the singular include the plural and vice versa and words indicating gender include all
genders.

          4.6 Further Assurances. Each Stockholder will use reasonable efforts to take all steps,
execute all documents and do all acts and things as may be reasonably within that Stockholder’s
power to implement to their full extent the provisions of this Agreement and to cause TRC to act in
the manner contemplated by this Agreement.

          4.7 Invalidity of Provisions. Each of the provisions contained in this Agreement is
distinct and severable and a declaration of invalidity or unenforceability of any provision by a
court of competent jurisdiction will not affect the validity or enforceability of any other
provision.

          4.8 Entire Agreement; Termination of Prior Agreements. This Agreement, the Exchange
Rights Agreement and the Stockholders Agreement constitute the entire agreement between the Parties
pertaining to agreements among the stockholders of TRC and the shareholders of TEC. In addition,
certain of the Parties are party to the Shelf Registration Rights Agreement and certain of the
Parties have executed subscription agreements in connection with their purchase of TRC Common Stock
in the private placement referred to in clause C of the recitals hereto. There are no warranties,
representations or agreements between the Parties in connection with that subject matter except as
specifically set forth or referred to in this Agreement, the Exchange Rights Agreement, the
Stockholder Agreement, the Shelf Registration Rights Agreement and any applicable subscription
agreement between TRC and any Party. No reliance is placed on any representation, opinion, advice
or assertion of fact made by any Party to this Agreement, or its directors, officers and agents, to
any other Party to this Agreement or its directors, officers and agents, except to the extent that
it has been reduced to writing and included as a term referred to in this Agreement. When executed
and delivered by all parties hereto, this Agreement completely supersedes the Existing Agreement,
which shall be of no further force or effect.

          4.9 Governing Law. This Agreement is to be governed by and construed in accordance with
the laws of New York.

          4.10 Counterparts. This Agreement may be signed in counterparts and each counterpart will
constitute an original document and all counterparts, taken together, will constitute one and the
same instrument. A counterpart will include any written document (including facsimile) in which a
Person agrees to be bound by the terms of this Agreement.

          4.11 Successors and Assigns. Except as otherwise provided herein, this Agreement shall
bind and inure to the benefit of and be enforceable by TRC and their successors and assigns, and
each Stockholder and their respective successors and permitted assigns (and heirs, executors and
administrators in the case of individual Stockholders), so long as they beneficially own TRC Common
Stock or TEC Common Shares.

17

 

          4.12 Independent Advice. Each Stockholder acknowledges having been provided with an
opportunity to consider this Agreement and to seek independent legal advice with respect to it.

[intentionally left blank]

18

 

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as
of the date and year first above written.

	 	 	 
	TRIDENT RESOURCES
CORP.
 
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	TRIDENT EXPLORATION LIMITED
PARTNERSHIP, by its General Partner,
981443 ALBERTA LTD.
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	TRIDENT EXPLORATION (2005)
LIMITED PARTNERSHIP I, by its
General Partner, 981443 ALBERTA LTD.
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 

	 	 	 
	AURORA ENERGY PARTNERS, L.P.,
by its General Partner, White Hat Ventures,
LLC
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	TRIDENT EXPLORATION (2003)
LIMITED PARTNERSHIP I, by its
General Partner, 981443 ALBERTA LTD.
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	TRIDENT EXPLORATION (2005) LIMITED PARTNERSHIP II, by its
General Partner, 981443 ALBERTA LTD.
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	THE CHARLES S. MCNEIL FAMILY
TRUST, an Alaska resident trust
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Charles S. McNeil
	Title:

	 	Investment Trustee

	 	 	 
	THE MCNEIL FAMILY IRREVOCABLE GST TRUST
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Lynn P. Hendrix
	Title:

	 	Trustee
	 
	 	 
	By:

	 	Wyoming Bank & Trust, Trustee
	 
	 	 
	 
	 	 
	 
	Name:
	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	CLERY SARL
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	NATURAL RESOURCES PORTFOLIO
OF THE PRUDENTIAL SERIES FUND,
INC.
	 
	 	 
	By:

	 	Jennison Associates LLC, as
sub-advisor to Natural Resources
Portfolio of The Prudential Series
Fund, Inc.
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	JENNISON VALUE FUND
	 
	 	 
	By:

	 	Jennison Associates LLC, as
sub-advisor to Jennison Value Fund
	 
	 	 
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	JENNISON NATURAL RESOURCES
FUND, INC.
	 
	 	 
	By:

	 	Jennison Associates LLC, as
sub-advisor to Jennison Natural
Resources Fund, Inc.
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

	 	 	 
	JENNISON UTILITY FUND OF THE
PRUDENTIAL SECTOR FUNDS INC.
	 
	 	 
	By:

	 	Jennison Associates LLC, as
sub-advisor to Jennison Utility Fund
of the Prudential Sector Funds Inc.
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	VALUE PORTFOLIO OF THE PRUDENTIAL
SERIES FUND, INC.
	 
	 	 
	By:

	 	Jennison Associates LLC, as
sub-advisor to Value Portfolio of
the Prudential Series Fund, Inc.
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	SAMSUNG LIFE INVESTMENT (AMERICA),
LTD.
	 
	 	 
	By:

	 	Jennison Associates LLC, as
sub-advisor to Samsung Life
Investment (America), Ltd.
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	RFG PRIVATE EQUITY LIMITED
PARTNERSHIP NO. 1B, by its agent and
attorney, RFG G.P. No. 1 Limited
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

	 	 	 
	RFG PRIVATE EQUITY LIMITED
PARTNERSHIP NO. 1C, by its agent and
attorney, RFG G.P. No. 1 Limited
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	TD CAPITAL MEZZANINE PARTNERS
(QLP) L.P., by its General
Partner, TD CAPITAL MEZZANINE
PARTNERS (QLP) GP LTD.
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	TORONTO DOMINION
INVESTMENTS, INC.
 
 
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

	 	 	 
	THE TORONTO-DOMINION
BANK
 
 
	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	TD CAPITAL MEZZANINE PARTNERS
(NON-QLP) L.P., by its General
Partner, TD CAPITAL MEZZANINE PARTNERS
GP LTD.
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	BLACKSTONE MEZZANINE
HOLDINGS L.P.
	 
	 	 
	By:

	 	Blackstone Mezzanine Associates,
L.P., its General Partner
	 
	 	 
	By:

	 	Blackstone Mezzanine Management
Associates L.L.C., its General
Partner
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:

	 	Authorized Signer

	 	 	 
	BLACKSTONE MEZZANINE
PARTNERS L.P.
	 
	 	 
	By:

	 	Blackstone Mezzanine Associates,
L.P., its General Partner
	 
	 	 
	By:

	 	Blackstone Mezzanine Management
Associates L.L.C., its General
Partner
	 
	 	 
	Per:
	 	 
	 

	 	 
	Name:
	 	 
	Title:

	 	Authorized Signer

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	PRUDENTIAL CAPITAL
PARTNERS, L.P.
	 
	 	 
	By:

	 	Prudential Capital Group, L.P.
(as its General Partner)
	 
	 	 
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

	 	 	 
	PRUDENTIAL CAPITAL PARTNERS
MANAGEMENT FUND, L.P.
	 
	 	 
	By:

	 	Prudential Investment
Management, Inc. (as its General Partner)
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	PERRY PARTNERS L.P.
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 
	 
	 	 
	AUDA CLASSIC P.L.C.
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

	 	 	 
	PERRY PARTNERS INTERNATIONAL,
INC.
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	BTR GLOBAL ARBITRAGE TRADING

LIMITED
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

	 	 	 
	BTR GLOBAL OPPORTUNITY

TRADING LIMITED
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	CHEYNE SPECIAL SITUATIONS
INVESTMENTS S.a.r.l
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	TCW ENERGY FUND X-NL,
L.P., a

California limited partnership
	 
	 	 
	By:

	 	TCW (ENERGY X) LLC, its 
General
Partner
	 
	 	 
	By:

	 	TCW Asset Management Company,

its Managing Member
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Kurt A. Talbot
	Title:

	 	Managing Director
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Patrick Hickey
	Title:

	 	Senior Vice President
	 
	 	 
	TCW ENERGY FUND XB-NL, L.P., a
California limited partnership
	 
	 	 
	By:

	 	TCW (ENERGY X) LLC, its 
General
Partner
	 
	 	 
	By:

	 	TCW Asset Management Company,

its Managing Member
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Kurt A. Talbot
	Title:

	 	Managing Director
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Patrick Hickey
	Title:

	 	Senior Vice President

	 	 	 
	TCW ENERGY FUND XC-NL, L.P., a
California limited partnership
	 
	 	 
	By:

	 	TCW (ENERGY X) LLC, its 
General
Partner
	 
	 	 
	By:

	 	TCW Asset Management Company,

its Managing Member
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Kurt A. Talbot
	Title:

	 	Managing Director
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Patrick Hickey
	Title:

	 	Senior Vice President
	 
	 	 
	TCW ENERGY FUND XD-NL, L.P., a
California limited partnership
	 
	 	 
	By:

	 	TCW (ENERGY X) LLC, its 
General
Partner
	 
	 	 
	By:

	 	TCW Asset Management Company,

its Managing Member
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Kurt A. Talbot
	Title:

	 	Managing Director
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Patrick Hickey
	Title:

	 	Senior Vice President

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	TCW ASSET MANAGEMENT COMPANY, a
California corporation, as
Investment Manager under the Amended
and Restated Investment Management
and Custody Agreement dated as of
December 3, 2003 among Ensign Peak
Advisors, Inc., TCW Asset Management
Company and Trust Company of the
West, a California trust company, as
Sub-Custodian

	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Kurt A. Talbot
	Title:

	 	Managing Director
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Patrick Hickey
	Title:

	 	Senior Vice President

	 	 	 
	TCW ASSET MANAGEMENT COMPANY, a
California corporation, as
Investment Manager under the Amended
and Restated Investment Management
and Custody Agreement dated as of
December 11, 2003 among Harry L.
Bradley, Jr. Partition Trust, Harry
L. Bradley, Jr. Trust, Jane Bradley
Uihlien Pettit Partition Trust, Jane
Bradley Uihlien Trust, TCW Asset
Management Company and Trust Company
of the West, a California trust
company, as Sub-Custodian
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Kurt A. Talbot
	Title:

	 	Managing Director
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:

	 	Patrick Hickey
	Title:

	 	Senior Vice President

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 
	D.E. SHAW LAMINAR PORTFOLIOS, LLC
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:
	 	 
	Title:
	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 
	2079517 ONTARIO LIMITED	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 
	TRIDENT ENERGY OPPORTUNITY,	 	 
	L.P., by its general partner, TRIDENT	 	 
	ENERGY OPPORTUNITY GP, INC.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 
	GOLDMAN SACHS & CO.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

EDGESTONE CAPITAL MEZZANINE FUND II, L.P.

	 	 	 
	 
	 	 
	By:

	 	Edgestone Capital Mezzanine II
	Partners, Inc., as general partner for and
on behalf of Edgestone Capital Mezzanine Fund II, L.P.
 
	 
	 	 
	By:
	 	 
	Name:

	 	 

	Title:
	 	 

	 	 	 
	 
	 	 
	By:

	 	Edgestone Capital Mezzanine
	Fund II Nominee, Inc., as nominee for and on
behalf of Edgestone Capital Mezzanine Fund II, L.P.
and its parallel investors
	 
	 	 
	By:
	 	 
	Name:

	 	 

	Title:
	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 
	ALEXANDRA GLOBAL MASTER FUND, LTD.	 	 
	 
	 	 	 	 
	By:

	 	Alexandra Investment	 	 
	Management, LLC (as investment advisor)	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 
	AMBER MASTER FUND (CAYMAN)	 	 
	SPC, on behalf of SEGREGATED	 	 
	PORTFOLIO X and SEGREGATED	 	 
	PORTFOLIO Y	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

Michel Brogard
	 	 
	Title:

	 	Director	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 	 	 	 	 	 	 
	VIKING GLOBAL EQUITIES LP	 	 	 	VGE III PORTFOLIO LTD.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 
	ARBITER PARTNERS LP, by its general

partner, BROKEN CLOCK MANAGEMENT LLC	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

Paul J. Isaac
	 	 
	Title:

	 	Managing Director	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 
	FIDUCIARY TRUST INTERNATIONAL COMPANY,
custodian for PAUL J. ISAAC	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 
	FRONTPOINT ENERGY HORIZONS FUND, L.P.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 
	DEEPHAVEN RELATIVE VALUE EQUITY TRADING, LTD.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 	 	 	 	 	 	 
	HOPLITE PARTNERS, L.P.	 	 	 	HOPLITE OFFSHORE FUND, LTD.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 
	STRATEGIC ENERGY FUND	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 	 	 	 	 	 	 
	TREATY OAK MASTER FUND, LP	 	 	 	TREATY OAK IRONWOOD, LTD.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	TREATY OAK ACORN FUND, LP	 	 	 	 	 	 
	 
	By:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Name:
	 	 	 	 	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 	 	 	 	 

[This is a counterparty page to the Third Amended and Restated Registration Rights Agreement.]

 

 

	 	 	 	 	 
	CHILTON NEW ERA INTERNATIONAL, L.P.
	 
	 	 
	By: Chilton Investment Company LLC,
	General Partner
	 
	 	 
	By:
	 	 
	Name:

	 	 

	 
	Title:
	 	 
	 
	 	 
	CHILTON SMALL CAP INTERNATIONAL, L.P.
	 
	 	 
	By: Chilton Investment Company LLC,
	General Partner
	 
	 	 
	By:
	 	 
	Name:

	 	 

	Title:
	 	 
	 
	 	 
	CHILTON GLOBAL
NATURAL RESOURCES

PARTNERS, L.P.
	 
	 	 
	By: Chilton Investment Company LLC,
	General Partner
	 
	 	 
	By:
	 	 
	Name:

	 	 

	Title:
	 	 
	 
	 	 
	CHILTON INTERNATIONAL, L.P.
	 
	 	 
	By: Chilton Investment Company LLC,
	General Partner
	 
	 	 
	By:
	 	 
	Name:

	 	 

	Title:
	 	 

	 	 	 
	CHILTON NEW ERA PARTNERS, L.P.
	 
	 	 
	By: Chilton Investment Company LLC,
	General Partner
	 
	 	 
	By:
	 	 
	Name:

	 	 

	Title:
	 	 
	 
	 	 
	CHILTON SMALL CAP PARTNERS, L.P.
	 
	 	 
	By: Chilton Investment Company LLC,
	General Partner
	 
	 	 
	By:
	 	 
	Name:

	 	 

	Title:
	 	 
	 
	 	 
	CHILTON QP INVESTMENT
PARTNERS, L.P.
	 
	 	 
	By: Chilton Investment Company LLC,
	General Partner
	 
	 	 
	By:
	 	 
	Name:

	 	 

	Title:
	 	 
	 
	 	 
	CHILTON INVESTMENT PARTNERS,
L.P.
	 
	 	 
	By: Chilton Investment Company LLC,
	General Partner
	 
	 	 
	By:
	 	 
	Name:

	 	 

	Title:
	 	 

 

[This
is a counterparty page to the Third Amended and Restated Registration
Rights Agreement.]

 

 

	 	 	 	 	 
	CHILTON OPPORTUNITY TRUST, L.P.	 	 
	 
	 	 	 	 
	By: Chilton Investment Company LLC,	 	 
	General Partner	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	CHILTON OPPORTUNITY INTERNATIONAL, L.P.	 	 
	 
	 	 	 	 
	By: Chilton Investment Company LLC,	 	 
	General Partner	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

	 	 	 	 	 
	CHILTON GLOBAL PARTNERS, L.P.	 	 
	 
	 	 	 	 
	By: Chilton Investment Company LLC,	 	 
	General Partner	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

[This
is a counterparty page to the Third Amended and Restated Registration
Rights Agreement.]

 

 

	 	 	 	 	 
	BLACKROCK, INC. on behalf of	 	 
	ALL-CAP ENERGY HEDGE FUND LLC	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	Name:
	 	 	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	BLACKROCK, INC. on behalf of	 	 
	RAYTHEON MASTER PENSION TRUST #2 ALL CAP ENERGY ACCOUNT	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	BLACKROCK, INC. on behalf of	 	 
	RAYTHEON MASTER PENSION TRUST ALL CAP ENERGY ACCOUNT	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	BLACKROCK, INC. on behalf of	 	 
	RAYTHEON COMBINED DB/DC MASTER TRUST ENERGY HEDGE ACCOUNT	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	BLACKROCK, INC. on behalf of	 	 
	UNIVERSITY OF TEXAS GENERAL ENDOWMENT FUND ALL CAP ENERGY PORTFOLIO	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

	 	 	 	 	 
	BLACKROCK, INC. on behalf of	 	 
	EDISON SOURCES LTD.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	BLACKROCK, INC. on behalf of	 	 
	RAYTHEON COMBINED DB-DC MASTER TRUST ALL CAP ENERGY	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	BLACKROCK, INC. on behalf of	 	 
	RAYTHEON MASTER PENSION TRUST ENERGY HEDGE ACCOUNT	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	BLACKROCK, INC. on behalf of	 	 
	SSR ENERGY AND NATURAL RESOURCES HEDGE FUND LLC	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	BLACKROCK, INC. on behalf of	 	 
	UNIVERSITY OF TEXAS PERMANENT UNIVERSITY FUND ALL CAP ENERGY PORTFOLIO	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

[This
is a counterparty page to the Third Amended and Restated Registration
Rights Agreement.]

 

 

	 	 	 	 	 
	MAGNETAR CAPITAL MASTER FUND, LTD.	 	 
	 
	 	 	 	 
	By:

	 	Magnetar Financial LLC, its
	 	 
	 

	 	Investment Manager	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	Name:

	 	Paul Smith	 	 
	Title:

	 	General Counsel	 	 

[This
is a counterparty page to the Third Amended and Restated Registration
Rights Agreement.]

 

 

	 	 	 
	 

	 	 
	Witness as to the signature of Jon Baker

	 	JON BAKER
	 
	 	 
	 

	 	 
	Witness as to the signature of Rich Meli

	 	RICH MELI
	 
	 	 
	 

	 	 
	Witness as to the signature of Steven J. Buchanan

	 	STEVEN J. BUCHANAN

[This
is a counterparty page to the Third Amended and Restated Registration
Rights Agreement.]

 

 

SCHEDULE “A”

ADDRESSES FOR NOTICE

The addresses and facsimile number for delivery of notices hereunder of each of the parties to
this Agreement shall be as follows:

if to TRC:

Trident Resources Corp.

1000, 444-7 Avenue SW

Calgary, Alberta T2P 0X8

Attention: President

Facsimile: (403) 668-5805

With copies to:

Blake, Cassels & Graydon LLP

855 — 2nd Street S.W., Suite 3500

Calgary, Alberta T2P 4J8

Attention: John Eamon

Facsimile: (403) 262-9700

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, NY 10019-6064

Attention: Andrew Foley

Facsimile: (212) 737-3990

if to Jon Baker:

1000, 444-7 Avenue SW

Calgary, Alberta T2P 0X8

Attention: Jon Baker

Facsimile: (403) 668-5805

 

 

if to Rich Meli:

1000, 444-7 Avenue SW

Calgary, Alberta T2P 0X8

Attention: Rich Meli

Facsimile: (403) 668-5805

if to Steven Buchanan:

400 Snowmass Circle

Superior, CO 80027

Attention: Steven Buchanan

Facsimile: (203) 304.2122

if to Aurora Energy Partners, L.P.:

Aurora Energy Partners, L.P.

c/o Argue Pearson Harbison & Myers, LLP

10 W. Broadway, Suite 500

Salt Lake City, UT 84101

Attention: Eric W. Pearson

Facsimile: (801) 519-0400

if to The Charles S. McNeil Family Trust:

The Charles S. McNeil Family Trust

Attention: Charles S. McNeil, Investment Trustee

c/o Alaska Trust Company

1029 West Third Avenue, Suite 510

Anchorage, AK 99501

Fax No: (907) 258-1649

54

 

if to The McNeil Family Irrevocable GST Trust:

Wyoming Bank & Trust

5827 Yellowstone Road

Cheyenne, WY 82009

Attention: Michael E. Bohl, Trustee

Facsimile: (307) 632-7850

if to Clery SARL, at

Clery SARL

c/o Ospraie Management, L.P.

Tudor Investment Corp.

780 — 3rd Avenue, 42nd Floor

New York, NY 10017

Attention: Eric Vincent

Facsimile: (203) 552-6235

with copies to:

Clery Sari

9, rue Schiller, L-2519 Luxembourg

Tel: +352.47.23.23 (general)

Tel: +352.47.23.23.224 (direct)

Fax: +352.47.24.73

if to 981443 Alberta Ltd, General Partner of Trident Exploration Limited Partnership:

981443
Alberta Ltd., General Partner of Trident 
Exploration Limited Partnership

c/o Trident Exploration Corp.

1000, 444-7 Avenue SW

Calgary, Alberta T2P 0X8

Attention: President

Facsimile: (403) 668-5805

55

 

if to 981443 Alberta Ltd, General Partner of Trident Exploration (2003) Limited Partnership I:

981443 Alberta Ltd, General Partner of Trident 
Exploration (2003) Limited
Partnership I

Trident Exploration Corp.

1000, 444-7 Avenue SW

Calgary, Alberta T2P 0X8

Attention: President

Facsimile: (403) 668-5805

if to 981443 Alberta Ltd, General Partner of Trident Exploration (2005) Limited Partnership I:

981443 Alberta Ltd., General Partner of Trident 
Exploration (2005) Limited
Partnership I

c/o Trident Exploration Corp.

1000, 444-7 Avenue SW

Calgary, Alberta T2P 0X8

Attention: President

Facsimile: (403) 668-5805

if to 981443 Alberta Ltd, General Partner of Trident Exploration (2005) Limited Partnership II:

981443 Alberta Ltd, General Partner of Trident 
Exploration (2005) Limited
Partnership II

Trident Exploration Corp.

1000, 444-7 Avenue SW

Calgary, Alberta T2P 0X8

Attention: President

Facsimile: (403) 668-5805

56

 

	 	 	 	 	 
	if to Natural Resources Portfolio of The Prudential Sector Funds, Inc.:
	 
	 	 	 	 
	 	 	Natural Resources Portfolio of The Prudential Sector Funds, Inc.
	 	 	c/o Jennison Associates LLC
	 	 	466 Lexington Avenue, 18th Floor
	 	 	New York, NY 10017
	 	 	Attention: David Kiefer
	 	 	Facsimile: (212) 682-3190
	 
	 	 	 	 
	 	 	with copies to:
	 
	 	 	 	 
	 	 	Natural Resources Portfolio of The Prudential Sector Funds, Inc.
	 	 	c/o Jennison Associates LLC
	 	 	466 Lexington Avenue, 18th Floor
	 	 	New York, NY 10017
	 

	 	Attention:
	 	Monica Sherer,
	 

	 	 	 	Vice President and Corporate Counsel
	 

	 	Facsimile:
	 	(212)682-9831
	 
	 	 	 	 
	if to Jennison Utility Fund:
	 
	 	 	 	 
	 	 	Jennison Utility Fund
	 	 	c/o Jennison Associates LLC
	 	 	466 Lexington Avenue, 18th Floor
	 	 	New York, NY 10017
	 	 	Attention: Shaun Hong
	 	 	Facsimile: (212) 682-0149
	 
	 	 	 	 
	 	 	with copies to:
	 
	 	 	 	 
	 	 	Jennison Utility Fund
	 	 	Jennison Associates LLC
	 	 	466 Lexington Avenue, 18th Floor
	 	 	New York, NY 10017
	 

	 	Attention:
	 	Monica Sherer
	 

	 	 	 	Vice President and Corporate Counsel
	 

	 	Facsimile:
	 	(212)682-9831

57

 

	 	 	 	 	 
	if to Jennison Natural Resources Fund, Inc.:
	 
	 	 	 	 
	 	 	Jennison Natural Resources Fund, Inc.
	 	 	c/o Jennison Associates LLC
	 	 	466 Lexington Avenue, 18th Floor
	 	 	New York, NY 10017
	 	 	Attention: David Kiefer
	 	 	Facsimile: (212) 682-3190
	 
	 	 	 	 
	 	 	with copies to:
	 
	 	 	 	 
	 	 	Jennison Natural Resources Fund, Inc.
	 	 	c/o Jennison Associates LLC
	 	 	466 Lexington Avenue, 18th Floor
	 	 	New York, NY 10017
	 

	 	Attention:
	 	Monica Sherer,
	 

	 	 	 	Vice President and Corporate Counsel
	 

	 	Facsimile:
	 	(212)682-9831
	 
	 	 	 	 
	if to Jennison Value Fund:
	 
	 	 	 	 
	 	 	Jennison Value Fund
	 	 	c/o Jennison Associates LLC
	 	 	466 Lexington Avenue, 18th Floor
	 	 	New York, NY 10017
	 	 	Attention: David Kiefer
	 	 	Facsimile: (212) 682-3190
	 
	 	 	 	 
	 	 	with copies to:
	 
	 	 	 	 
	 	 	Jennison Value Fund
	 	 	c/o Jennison Associates LLC
	 	 	466 Lexington Avenue, 18th Floor
	 	 	New York, NY 10017
	 

	 	Attention:
	 	Monica Sherer
	 

	 	 	 	Vice President and Corporate Counsel
	 

	 	Facsimile:
	 	(212)682-9831

58

 

	 	 	 	 	 
	if to Value Portfolio of The Prudential Series Fund, Inc.:
	 
	 	 	 	 
	 	 	Value Portfolio of The Prudential Series Fund, Inc.
	 	 	c/o Jennison Associates LLC
	 	 	466 Lexington Avenue, 18th Floor
	 	 	New York, NY 10017
	 	 	Attention: David Kiefer
	 	 	Facsimile: (212) 682-3190
	 
	 	 	 	 
	 	 	with copies to:
	 
	 	 	 	 
	 	 	Value Portfolio of The Prudential Series Fund, Inc.
	 	 	c/o Jennison Associates LLC
	 	 	466 Lexington Avenue, 18th Floor
	 	 	New York, NY 10017
	 

	 	Attention:
	 	Monica Sherer
	 

	 	 	 	Vice President and Corporate Counsel
	 

	 	Facsimile:
	 	(212)682-9831
	 
	 	 	 	 
	if to Samsung Life Investment (America), Ltd.:
	 
	 	 	 	 
	 	 	Samsung Life Investment (America), Ltd.
	 	 	c/o Jennison Associates LLC
	 	 	466 Lexington Avenue, 18th Floor
	 	 	New York, NY 10017
	 	 	Attention: David Kiefer
	 	 	Facsimile: (212) 682-3190
	 
	 	 	 	 
	 	 	with copies to:
	 
	 	 	 	 
	 	 	Samsung Life Investment (America), Ltd.
	 	 	c/o Jennison Associates LLC
	 	 	466 Lexington Avenue, 18th Floor
	 	 	New York, NY 10017
	 

	 	Attention:
	 	Monica Sherer,
	 

	 	 	 	Vice President and Corporate Counsel
	 

	 	Facsimile:
	 	(212)682-9831

59

 

	 	 	 	 	 
	if to RFG Private Equity Limited Partnership No. 1B:
	 
	 	 	 	 
	 	 	RFG Private Equity Limited Partnership No. 1B
	 	 	30th Floor, One Lombard Place
	 	 	Winnipeg, Manitoba R3B 0Y1
	 	 	Attention: Secretary
	 	 	Facsimile: (204) 942-6339
	 
	 	 	 	 
	if to RFG Private Equity Limited Partnership No. 1C:
	 
	 	 	 	 
	 	 	RFG Private Equity Limited Partnership No. 1C
	 	 	30th Floor, One Lombard Place
	 	 	Winnipeg, Manitoba R3B 0Y1
	 	 	Attention: Secretary
	 	 	Facsimile: (204) 942-6339
	 
	 	 	 	 
	if to Blackstone Mezzanine Partners L.P.:
	 
	 	 	 	 
	 	 	Blackstone Mezzanine Partners L.P.
	 	 	345 Park Avenue
	 	 	New York, New York 10154
	 

	 	Attention:
	 	Salvatore Gentile or his authorized representative
	 

	 	Facsimile:
	 	(212) 583-5482
	 
	 	 	 	 
	if to Blackstone Mezzanine Holdings L.P.:
	 
	 	 	 	 
	 	 	Blackstone Mezzanine Holdings L.P.
	 	 	345 Park Avenue
	 	 	New York, New York 10154
	 

	 	Attention:
	 	Salvatore Gentile or his authorized representative
	 

	 	Facsimile:
	 	(212) 583-5482

60

 

if to TD Capital Mezzanine Partners (QLP) L.P.:

TD Capital Mezzanine Partners (QLP) L.P.

c/o TD Capital Mezzanine Partners

TD Tower

66 Wellington Street West, 10th Floor

Toronto, ON M5K 1A2

Attention: Ian Kidson

Facsimile: (416) 983-6817

if to The Toronto-Dominion Bank:

The Toronto-Dominion Bank

c/o TD Capital Mezzanine Partners

TD Tower

66 Wellington Street West, 10th Floor

Toronto, ON M5K 1A2

Attention: Ian Kidson

Facsimile: (416) 983-6817

if to Toronto Dominion Investments, Inc.:

Toronto Dominion Investments, Inc.

c/o TD Capital Mezzanine Partners

TD Tower

66 Wellington Street West, 10th Floor

Toronto, ON M5K 1A2

Attention: Ian Kidson

Facsimile: (416) 983-6817

if to TD Capital Mezzanine Partners (Non-QLP) L.P.:

TD Capital Mezzanine Partners (Non-QLP) L.P.

c/o TD Capital Mezzanine Partners

TD Tower

66 Wellington Street West, 10th Floor

Toronto, ON M5K 1A2

Attention: Ian Kidson

Facsimile: (416) 983-6817

61

 

if to Perry Partners International, Inc.:

Perry Capital

599 Lexington Avenue

New York, NY 10022

Attention: Jon Kratz / Joe Leitao

Facsimile: (212) 583-4099

if to Auda Classic P.L.C.:

Perry Capital

599 Lexington Avenue

New York, NY 10022

Attention: Jon Kratz / Joe Leitao

Facsimile: (212) 583-4099

if to Perry Partners L.P.:

Perry Capital

599 Lexington Avenue

New York, NY 10022

Attention: Jon Kratz / Joe Leitao

Facsimile: (212) 583-4099

62

 

if to Prudential Capital Partners, L.P.:

Prudential Capital Partners, L.P.

c/o Prudential Capital Group

2200 Ross Avenue, Suite 4200E

Dallas, TX 75201

Attention: Managing Director

Facsimile: (214) 720-6299

with copies to:

Prudential Capital Partners, L.P.

c/o Prudential Capital Group

Two Prudential Plaza, Suite 5600

180 North Stetson Street

Chicago, IL 60601

Attention: Robert Scavone

Facsimile: (312) 540-4219

if to Prudential Capital Partners Management Fund, L.P.:

Prudential Capital Partners Management Fund, L.P.

c/o Prudential Capital Group

2200 Ross Avenue, Suite 4200E

Dallas, TX 75201

Attention: Managing Director

Facsimile: (214) 720-6299

with copies to:

Prudential Capital Partners Management Fund, L.P.

c/o Prudential Capital Group

Two Prudential Plaza, Suite 5600

180 North Stetson Street

Chicago, IL 60601

Attention: Robert Scavone

Facsimile: (312) 540-4219

63

 

if to BTR Global Arbitrage Trading Limited:

Salida Capital Corp.

2 Bloor Street West

Suite 2700

Toronto, Ontario M4W 3E2

Attention: Dan Hodgkiss

Facsimile: (416) 849-2547

if to BTR Global Opportunity Trading Limited:

Salida Capital Corp.

2 Bloor Street West

Suite 2700

Toronto, Ontario M4W 3E2

Attention: Dan Hodgkiss

Facsimile: (416) 849-2547

if to Samsung Life Investment (America), Ltd.:

Samsung Life Investment (America), Ltd.

c/o Jennison Associates LLC

466 Lexington Avenue, 18th Floor

New York, NY 10017

Attention: Leigh Goehring

Facsimile: (212) 682-9831

with copies to:

Samsung Life Investment (America), Ltd.

c/o Jennison Associates LLC

466 Lexington Avenue, 18th Floor

New York, NY 10017

Attention: Monica Sherer,

 Vice President and Corporate Counsel

Facsimile: (212) 682-9831

64

 

if to D.E. Shaw Laminar Portfolios, LLC:

D.E. Shaw Laminar Portfolios, LLC

120 West 45th Street, 39th Floor

New York, NY 10036

Attention: Maureen Knoblauch

Facsimile: (212) 845-1628

if to 2079517 Ontario Ltd.:

2079517 Ontario Ltd.

One University Avenue, Suite 700

Toronto, Ontario M5J 2P1

Attention: Mary Chang

Facsimile: (416) 361-5042

if to Trident Energy Opportunity, L.P.:

Trident Energy Opportunity, L.P.

400 Snowmass Circle

Superior, CO 80027

Attention: Steven Buchanan

Facsimile: (720) 304-2122

With copies to:

Orrick, Herrigton & Sutcliffe, LLP

405 Howard Street

San Francisco, CA 84105-2669

Attention: Gustav Eriksson

Facsimile: (415) 773-5759

if to Goldman Sachs & Co.:

Goldman Sachs & Co.

GS E&P Capital

1000 Louisiana, Suite 500

Houston, TX 77002

Attention: Kurt Talbot

Facsimile: (713) 658-2603

65

 

With copies to:

Goldman Sachs & Co.

Multistraties Group Operations

85 Broad Street

New York, NY 10004

Attention: Sabrina Ovadya

Facsimile: (212) 902-7470

if to Edgestone Capital Mezzanine Fund, L.P.:

Edgestone Capital Mezzanine Fund, L.P.

c/o Edgestone Capital Partners

The Exchange Tower

130 King Street West, Suite 600

Toronto, ON M5X 1A6

Attention: Romeo Leemrijse

Facsimile: (416) 860-9838

if to Alexandra Global Master Fund, Ltd.:

Alexandra Global Master Fund, Ltd.

767 Third Avenue, 39th Floor

New York, New York 10017

Attention: Allan Hong and Steve Turner

Facsimile: (212) 301-1810

66

 

if to Cheyne Special Situations Investments S.á.r.l.:

12, rue Leon Thyes

L-2636 Luxembourg

Attention: John Heywood

Facsimile: (011) 362.42.64.43

With copies to:

BisysHedge Fund Services (Ireland) Limited

4th Floor, Block A

George’s Quay, Dublin 2 Ireland

Attention: Bart Zech

Facsimile: (011) 353.1672.5361

if to TCW Energy Fund X-NL, L.P.:

c/o TCW Asset Management Company

Three Allen Center

333 Clay Street, Suite 4150

Houston, TX 77002

Attention: Patrick Hickey

Facsimile: (713) 615-7460

With copies to:

Trust Company of the West

865 S. Figueroa Street, Suite 2100

Los Angeles, CA 90017

Attention: Arthur Carlson

Facsimile: (13) 244-0604

if to TCW Energy Fund XB-NL, L.P.:

c/o TCW Asset Management Company

Three Allen Center

333 Clay Street, Suite 4150

Houston, TX 77002

Attention: Patrick Hickey

Facsimile: (713) 615-7460

67

 

With copies to:

Trust Company of the West

865 S. Figueroa Street, Suite 2100

Los Angeles, CA 90017

Attention: Arthur Carlson

Facsimile: (13) 244-0604

if to TCW Energy Fund XC-NL, L.P.:

c/o TCW Asset Management Company

Three Allen Center

333 Clay Street, Suite 4150

Houston, TX 77002

Attention: Patrick Hickey

Facsimile: (713) 615-7460

With copies to:

Trust Company of the West

865 S. Figueroa Street, Suite 2100

Los Angeles, CA 90017

Attention: Arthur Carlson

Facsimile: (13) 244-0604

if to TCW Energy Fund XD-NL, L.P.:

c/o TCW Asset Management Company

Three Allen Center

333 Clay Street, Suite 4150

Houston, TX 77002

Attention: Patrick Hickey

Facsimile: (713) 615-7460

With copies to:

Trust Company of the West

865 S. Figueroa Street, Suite 2100

Los Angeles, CA 90017

Attention: Arthur Carlson

Facsimile: (13) 244-0604

68

 

if to Trust Company of the West as Sub-Custodian under the
Amended and Restated Investment Management and Custody
Agreement Dated as of December 3, 2003, among Ensign Peak
Advisors, Inc., TWC Asset Management Company and Trust
Company of the West:

c/o TCW Asset Management Company

Three Allen Center

333 Clay Street, Suite 4150

Houston, TX 77002

Attention: Patrick Hickey

Facsimile: (713) 615-7460

With copies to:

Trust Company of the West

865 S. Figueroa Street, Suite 2100

Los Angeles, CA 90017

Attention: Arthur Carlson

Facsimile: (13) 244-0604

if to Trust Company of the West as Sub-Custodian under the
Amended and Restated Investment Management and Custody
Agreement Dated as of December 11, 2003, among Harry L.
Bradley, Jr. Partition Trust, Harry L. Bradley, Jr. Trust, Jane
Bradley Uihlien Pettit Partition Trust, Jane Bradley Uihlien
Trust, TWC Asset Management Company and Trust Company
of the West:

c/o TCW Asset Management Company

Three Allen Center

333 Clay Street, Suite 4150

Houston, TX 77002

Attention: Patrick Hickey

Facsimile: (713) 615-7460

With copies to:

Trust Company of the West

865 S. Figueroa Street, Suite 2100

Los Angeles, CA 90017

Attention: Arthur Carlson

Facsimile: (13) 244-0604

69

 

if to Amber Master Fund (Cayman) SPC:

Amber Master Fund (Cayman) SPC, on behalf of

Segregated Portfolio X and Segregated Portfolio Y

c/o Amber Capital Investment Management

600 Lexington Avenue, 34th Floor

New York, New York 10022

Attention: Ted Kim

Facsimile: (212) 340-7350

if to Viking Global Equities LP:

Viking Global Equities LP

c/o Viking Global Investors LP

55 Railroad Avenue

Greenwich, CT 06830

Attention: Lee Mysel

Facsimile: (203) 625-8705

if to VGE III Portfolio Ltd.:

VGE III Portfolio Ltd.

c/o Viking Global Investors LP

55 Railroad Avenue

Greenwich, CT 06830

Attention: Lee Mysel

Facsimile: (203) 625-8705

if to Arbiter Partners LP:

Arbiter Partners LP

c/o Cadogen Management, L.L.C.

149 Fifth Avenue, 15th Floor

New York, NY 10010

Attention: Matt Jenel

Facsimile: (212) 585-1620

70

 

if to Fiduciary Trust International Company, custodian for Paul J. Isaac:

Fiduciary Trust International Company, custodian for Paul J. Isaac

75 Prospect Avenue

Larchmont, NY 10538

Attention: Paul J. Isaac

Facsimile: (212) 327-4798

if to Hoplite Partners, L.P.:

Hoplite Partners, L.P.

810 Seventh Avenue

New York, NY 10019

Attention: Jonathan Herr

Facsimile: (646) 428-0901

if to Hoplite Offshore Fund, Ltd.:

Hoplite Offshore Fund, Ltd.

810 Seventh Avenue

New York, NY 10019

Attention: Jonathan Herr

Facsimile: (646) 428-0901

if to Treaty Oak Ironwood, Ltd.:

Treaty Oak Ironwood, Ltd.

c/o Treaty Oak Capital Management, LP

301 Congress Avenue, Suite 520

Austin, TX 78701

Attention: Jennifer Ward

Facsimile: (512) 236-1444

71

 

if to Treaty Oak Master Fund, LP:

Treaty Oak Master Fund, LP

c/o Treaty Oak Capital Management, LP

301 Congress Avenue, Suite 520

Austin, TX 78701

Attention: Jennifer Ward

Facsimile: (512) 236-1444

if to Treaty Oak Acorn Fund, LP:

Treaty Oak Acorn Fund, LP

c/o Treaty Oak Capital Management, LP

301 Congress Avenue, Suite 520

Austin, TX 78701

Attention: Jennifer Ward

Facsimile: (512) 236-1444

if to FrontPoint Energy Horizons Fund, L.P.:

FrontPoint Energy Horizons Fund, L.P.

Two Greenwich Plaza

Greenwich, CT 06830

Attention: Arthur Lev

Facsimile: (203) 622-5450

if to Deephaven Relative Value Equity Trading, Ltd.

Deephaven Relative Value Equity Trading, Ltd.

130 Cheshire Lane, Suite 102

Minnetokna, MN 55305

Attention: Deb Roesler

Facsimile: (952) 249-5399

72

 

if to Chilton New Era International, L.P.:

Chilton New Era International, L.P.

c/o Chilton Investment Company

1266 East Main Street, 7th Floor

Stamford, CT 06902

Attention: General Counsel

Facsimile: (203) 352-4006

if to Chilton New Era Partners, L.P.:

Chilton New Era Partners, L.P.

c/o Chilton Investment Company

1266 East Main Street, 7th Floor

Stamford, CT 06902

Attention: General Counsel

Facsimile: (203) 352-4006

if to Chilton Small Cap International, L.P.:

Chilton Small Cap International, L.P.

c/o Chilton Investment Company

1266 East Main Street, 7th Floor

Stamford, CT 06902

Attention: General Counsel

Facsimile: (203) 352-4006

if to Chilton Small Cap Partners, L.P.:

Chilton Small Cap Partners, L.P.

c/o Chilton Investment Company

1266 East Main Street, 7th Floor

Stamford, CT 06902

Attention: General Counsel

Facsimile: (203) 352-4006

73

 

if to Chilton Opportunity International, L.P.:

Chilton Opportunity International, L.P.

c/o Chilton Investment Company

1266 East Main Street, 7th Floor

Stamford, CT 06902

Attention: General Counsel

Facsimile: (203) 352-4006

if to Chilton Global Partners, L.P.:

Chilton Global Partners, L.P.

c/o Chilton Investment Company

1266 East Main Street, 7th Floor

Stamford, CT 06902

Attention: General Counsel

Facsimile: (203) 352-4006

if to Chilton Global Natural Resources Partners, L.P.:

Chilton Global Natural Resources Partners, L.P.

c/o Chilton Investment Company

1266 East Main Street, 7th Floor

Stamford, CT 06902

Attention: General Counsel

Facsimile: (203) 352-4006

if to Chilton QP Investment Partners, L.P.:

Chilton QP Investment Partners, L.P.

c/o Chilton Investment Company

1266 East Main Street, 7th Floor

Stamford, CT 06902

Attention: General Counsel

Facsimile: (203) 352-4006

74

 

if to Chilton International, L.P.:

Chilton International, L.P.

c/o Chilton Investment Company

1266 East Main Street, 7th Floor

Stamford, CT 06902

Attention: General Counsel

Facsimile: (203) 352-4006

if to Chilton Investment Partners, L.P.:

Chilton Investment Partners, L.P.

c/o Chilton Investment Company

1266 East Main Street, 7th Floor

Stamford, CT 06902

Attention: General Counsel

Facsimile: (203) 352-4006

if to Chilton Opportunity Trust, L.P.:

Chilton Opportunity Trust, L.P.

c/o Chilton Investment Company

1266 East Main Street, 7th Floor

Stamford, CT 06902

Attention: General Counsel

Facsimile: (203) 352-4006

if to Strategic Energy Fund:

Strategic Energy Fund

130 King Street West, Suite 2850

Toronto, ON M5X 1A4

Attention: William Seto

Facsimile: (416) 364-2398

75

 

if to All-Cap Energy Hedge Fund LLC:

c/o Blackrock, Inc.

One Financial Center

Boston, MA 02111

Attention: James F. Desmarais

Facsimile: (671) 988-7243

if to Edison Sources Ltd:

c/o Blackrock, Inc.

One Financial Center

Boston, MA 02111

Attention: James F. Desmarais

Facsimile: (671) 988-7243

if to Raytheon Master Pension Trust #2 All Cap Energy Account:

c/o Blackrock, Inc.

One Financial Center

Boston, MA 02111

Attention: James F. Desmarais

Facsimile: (671) 988-7243

if to Raytheon Combined DB-DC Master Trust All Cap Energy:

c/o Blackrock, Inc.

One Financial Center

Boston, MA 02111

Attention: James F. Desmarais

Facsimile: (671) 988-7243

if to Raytheon Master Pension Trust All Cap Energy Account:

c/o Blackrock, Inc.

One Financial Center

Boston, MA 02111

Attention: James F. Desmarais

Facsimile: (671) 988-7243

76

 

if to Raytheon Master Pension Trust Energy Hedge Account:

c/o Blackrock, Inc.

One Financial Center

Boston, MA 02111

Attention: James F. Desmarais

Facsimile: (671) 988-7243

if to Raytheon Combined DB/DC Master Trust Energy Hedge Account:

c/o Blackrock, Inc.

One Financial Center

Boston, MA 02111

Attention: James F. Desmarais

Facsimile: (671) 988-7243

if to SSR Energy and Natural Resources Hedge Fund LLC:

c/o Blackrock, Inc.

One Financial Center

Boston, MA 02111

Attention: James F. Desmarais

Facsimile: (671) 988-7243

if to University of Texas General Endowment Fund All Cap Energy Portfolio:

c/o Blackrock, Inc.

One Financial Center

Boston, MA 02111

Attention: James F. Desmarais

Facsimile: (671) 988-7243

77

 

if to University of Texas Permanent University Fund All Cap Energy Portfolio:

c/o Blackrock, Inc.

One Financial Center

Boston, MA 02111

Attention: James F. Desmarais

Facsimile: (671) 988-7243

if to Magnetar Capital Master Fund, Ltd.:

Magnetar Financial LLC

1603 Orrington Avenue, 13th Floor

Evenston, IL 60201

Attention: Doug Litowitz

Facsimile: (847) 905-5685

78

 

SCHEDULE “B”

STOCKHOLDER UNDERTAKING

			
	TO:	 	Trident Resources Corp. (“TRC”), the TRC Holders and the TEC Shareholders, as
defined in the registration rights agreement made as of January [ ], 2006 (the “Third
Amended & Restated Registration Rights Agreement”).

               WHEREAS the undersigned has been issued or is the transferee of TRC Common Stock;

               AND WHEREAS capitalized words and phrases used herein that are not otherwise defined shall
have the meanings attributed to them in the Registration Rights Agreement.

               NOW THEREFORE, for good and valuable consideration, the undersigned hereby:

               (a) acknowledges receipt of a copy of the Registration Rights Agreement;

               (b) acknowledges and agrees that, by executing this undertaking and delivering it to TRC, the
undersigned is deemed to be a party to the Registration Rights Agreement; and

               (c) agrees to perform all obligations and to be subject to all restrictions which may be
applicable to the undersigned as a TRC Holder under the terms of the Registration Rights Agreement.

               THIS UNDERTAKING executed effective the                      day of                                         , 200___.

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name:	 	 
	 

	 	 	 	 	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Address for Notices:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Facsimile No:exv10w32

 

Exhibit 10.32

REGISTRATION RIGHTS AGREEMENT

     This registration rights agreement (this “Agreement”) is made and entered into as of
January 5, 2006, by and between Trident Resources Corp., a Delaware corporation (the
“Company”), and the undersigned Holders (as defined herein).

     1. Definitions. As used in this Agreement, the following terms shall have the
following meanings:

     “Affiliate” means, as to any specified Person, (i) any Person that directly, or
indirectly through one or more intermediaries, controls or is controlled by, or is under common
control with, the specified Person, (ii) any executive officer, director, trustee or general
partner of the specified Person and (iii) any legal entity for which the specified Person acts as
an executive officer, director, trustee or general partner. For purposes of this definition,
“control” (including the correlative meanings of the terms “controlled by” and “under common
control with”), as used with respect to any Person, means the possession, directly, or indirectly
through one or more intermediaries, of the power to direct or cause the direction of the management
and policies of such Person, whether by contract, through the ownership of voting securities,
partnership interests or other equity interests or otherwise.

     “Agreement” is defined in the introductory paragraph above.

     “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday that is not
a day on which banking institutions in New York, New York are authorized or obligated by applicable
law, regulation or executive order to close.

     “Closing Date” means January 5, 2006.

     “Commission” means the Securities and Exchange Commission.

     “Common Stock” means shares of common stock, par value $0.001 per share, of the
Company.

     “Company” is defined in the introductory paragraph of this Agreement, and includes any
successor thereto.

     “Controlling Person” is defined in Section 5(a).

     “Effective Date” means the effective date of the registration statement the Company
files under the Securities Act of 1933, as amended, in respect of the initial public offering by
the Company of shares of its common stock.

     “End of Suspension Notice” is defined in Section 4(b).

     “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules
and regulations promulgated by the Commission pursuant thereto.

 

 

     “Existing Registration Rights Agreement” means the Second Amended and Restated
Registration Rights Agreement dated as of March 29, 2005 among the Company and the other
signatories thereto.

     “Holder” means each record owner of any Registrable Shares from time to time.

     “Holder Representative” means TD Securities Inc. and Credit Suisse First Boston;

     “Indemnified Party” is defined in Section 5(c).

     “Indemnifying Party” is defined in Section 5(c).

     “Liabilities” is defined in Section 5(a).

     “Lock-Up Agreement” means the agreement contained in Section 2.12 of the Existing
Registration Rights Agreement.

     “Mandatory Shelf Registration Statement” is defined in Section 2(a).

     “NASD” means the National Association of Securities Dealers, Inc.

     “No Objections Letter” is defined in Section 3(s).

     “Offering” means the private placement offering by the Company of up to 2,280,000
shares of its common stock made pursuant to the offering memorandum, dated December 16, 2005.

     “Person” means an individual, limited liability company, partnership, corporation,
trust, unincorporated organization, government or agency or political subdivision thereof, or any
other legal entity.

     “Prospectus” means the prospectus included in the Mandatory Shelf Registration
Statement, including any preliminary prospectus, and all other amendments and supplements to any
such prospectus, including post-effective amendments, and all material incorporated by reference or
deemed to be incorporated by reference, if any, in such prospectus.

     “Purchaser Indemnitee” is defined in Section 5(a).

     “Registrable Shares” means Registrable Securities as defined in the Existing
Registration Rights Agreement, upon original issuance thereof, and at all times subsequent thereto,
including upon the transfer thereof by the original holder or any subsequent holder and any shares
or other securities issued in respect of such Registrable
Shares by reason of or in connection with any stock dividend, stock distribution, stock split,
purchase in any rights offering or in connection with any exchange for or replacement of such
Registrable Shares or any combination of shares, recapitalization,

2

 

merger or consolidation, or any
other equity securities issued pursuant to any other pro rata distribution with
respect to the Common Stock, and including any shares of Common Stock issued pursuant to any
Liquidity Entitlement under any applicable subscription agreement (as such term is defined in such
subscription agreement), until the earliest to occur of:

	 	(i)	 	the date on which it has been sold pursuant to a registration statement or sold
pursuant to Rule 144;
	 
	 	(ii)	 	the date on which it is saleable without registration under the Securities Act,
pursuant to Rule 144(k);
	 
	 	(iii)	 	with respect to any Holder, the date on which such Holder could sell all of such
Holder’s shares of Common Stock pursuant to Rule 144 in a 90 day period;
	 
	 	(iv)	 	the date on which it is sold to the Company or its subsidiaries; or
	 
	 	(v)	 	the date which is the second anniversary of the closing of the Offering.

     “Registration Default” is defined in Section 2(d).

     “Registration Expenses” means any and all expenses incident to the performance of or
compliance with this Agreement, including: (i) all Commission, securities exchange, NASD
registration, listing, inclusion and filing fees, (ii) all fees and expenses incurred in connection
with compliance with international, federal or state securities or blue sky laws (including any
registration, listing and filing fees and reasonable fees and disbursements of counsel in
connection with blue sky qualification of any of the Registrable Shares and the preparation of a
blue sky memorandum and compliance with the rules of the NASD), (iii) all expenses of any Persons
in preparing or assisting in preparing, word processing, duplicating, printing, delivering and
distributing the Mandatory Shelf Registration Statement, any Prospectus, any amendments or
supplements thereto, any underwriting agreements, securities sales agreements, certificates and any
other documents relating to the performance under and compliance with this Agreement, (iv) all fees
and expenses incurred in connection with the listing or inclusion of any of the Registrable Shares
on the New York Stock Exchange, The NASDAQ Stock Market or the Toronto Stock Exchange pursuant to
Section 3(n), (v) the fees and disbursements of counsel for the Company and of the independent
public accountants of the Company (including the expenses of any special audit and “cold comfort”
letters required by or incident to such performance), and (vi) any fees and disbursements
customarily paid in issues and sales of securities (including the fees and expenses of any experts
retained by the Company in connection with the Mandatory
Shelf Registration Statement), provided, however, that Registration Expenses
shall exclude all brokers’ or underwriters’ discounts and commissions and transfer taxes, if

3

 

any,
relating to the sale or disposition of Registrable Shares by a Holder and the fees and
disbursements of any counsel to the Holders.

     “Rule 144”, “Rule 158”, “Rule 415” or “Rule 424”,
respectively, means such specified rule promulgated by the Commission pursuant to the Securities
Act, as such rule may be amended from time to time, or any similar rule or regulation hereafter
adopted by the Commission as a replacement thereto having substantially the same effect as such
rule.

     “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated by the Commission thereunder.

     “Selling Holders’ Counsel” means one counsel, reasonably acceptable to the Company,
for the Holders, selected by the Holders holding a majority of the Registrable Shares.

     “Shelf Request Notice” is defined in Section 2(a).

     “Suspension Event” is defined in Section 4(b).

     “Suspension Notice” is defined in Section 4(b).

     “Underwritten Offering” means a sale of securities of the Company to an underwriter or
underwriters for reoffering to the public.

     2. Registration Rights.

          (a) Mandatory Shelf Registration. As set forth in Section 3, upon the written request
of any Holder delivered to the Company on or prior to the one hundred twentieth (120th )
day following the Effective Date ( the “Shelf Request Notice”), the Company agrees to file
with the Commission within one hundred fifty (150) days following the Effective Date, a shelf
registration statement on Form S-1 or such other form under the Securities Act then available to
the Company providing for the resale of Registrable Shares pursuant to Rule 415 from time to time
by the Holders (including the Prospectus, amendments and supplements to such registration statement
or Prospectus, including pre- and post-effective amendments, all exhibits thereto and all material
incorporated by reference or deemed to be incorporated by reference, if any, in such registration
statement, the “Mandatory Shelf Registration Statement”).

	 	(i)	 	Effectiveness and Scope. The Company shall use its commercially
reasonable efforts to cause the Mandatory Shelf Registration Statement to be declared
effective by the Commission as soon as reasonably
practicable following the date that is one hundred eighty (180) days following the
Effective Date, and to remain effective until the date on which all Common Stock in respect
thereof cease to be Registrable Shares, as herein defined. Notwithstanding the foregoing,
the Company shall not be required to cause the Mandatory Shelf Registration Statement to be
declared effective by the

4

 

	 	 	 	Commission for so long as all Holders are subject to the Lock-Up
Agreement. The Mandatory Shelf Registration Statement shall provide for the resale from
time to time, and pursuant to any method or combination of methods legally available
(including an Underwritten Offering), by the Holders of any and all Registrable Shares.

          (b) Expenses. The Company shall pay all Registration Expenses in connection with the
registration of sales of the Registrable Shares pursuant to this Agreement. Each Holder
participating in a registration pursuant to this Section 2 shall bear such Holder’s proportionate
share (based on the total number of Registrable Shares sold in such registration) of all discounts
and commissions payable to underwriters or brokers and all transfer taxes in connection with a
registration of Registrable Shares pursuant to this Agreement and any other expense of the Holders
not specifically allocated to the Company pursuant to this Agreement relating to the sale or
disposition of such Holder’s Registrable Shares pursuant to the Mandatory Shelf Registration
Statement.

     3. Registration Procedures. In connection with the obligations of the Company with
respect to the Mandatory Shelf Registration Statement pursuant to this Agreement, the Company
shall:

          (a) notify the Holder Representative and the Selling Holders’ Counsel, in writing, at least
ten (10) Business Days prior to filing the Mandatory Shelf Registration Statement, of its intention
to file the Mandatory Shelf Registration Statement with the Commission and, at least five (5)
Business Days prior to filing, provide a copy of the Mandatory Shelf Registration Statement to the
Holder Representative and the Selling Holders’ Counsel; prepare and file with the Commission, as
specified in this Agreement, the Mandatory Shelf Registration Statement, which Mandatory Shelf
Registration Statement shall comply as to form in all material respects with the requirements of
the applicable form and include all financial statements required by the Commission to be filed
therewith and shall be reasonably acceptable to the Holder Representative and the Selling Holders’
Counsel; notify the Holder Representative and the Selling Holders’ Counsel at least five (5)
Business Days prior to filing of any amendment or supplement to the Mandatory Shelf Registration
Statement and, at least three (3) Business Days prior to filing, provide a copy of such amendment
or supplement to the Holder Representative and the Selling Holders’ Counsel for review and comment;
promptly following receipt from the Commission, provide to the Holder Representative and the
Selling Holders’ Counsel copies of any comments made by the staff of the Commission relating to the
Mandatory Shelf Registration Statement and the Company’s responses thereto for review and comment;
and use its commercially reasonable efforts to
cause the Mandatory Shelf Registration Statement to become effective as soon as practicable
after filing and to remain effective as set forth in Section 2(a)(i);

          (b) subject to Section 3(i), (i) prepare and file with the Commission such amendments and
post-effective amendments to the Mandatory Shelf Registration Statement as may be necessary to keep
the Mandatory Shelf Registration Statement effective for the period described in Section 2(a)(i),
(ii) cause each Prospectus

5

 

contained therein to be supplemented by any required Prospectus
supplement, and as so supplemented to be filed pursuant to Rule 424 or any similar rule that may be
adopted under the Securities Act, (iii) amend or supplement the Mandatory Shelf Registration
Statement to include the Company’s quarterly and annual financial information and other material
developments (until the Company is eligible to incorporate such information by reference into the
Mandatory Shelf Registration Statement), during which time sales of the Registrable Shares under
the Mandatory Shelf Registration Statement will be suspended until such amendment or supplement is
effective, and (iv) comply in all material respects with the provisions of the Securities Act with
respect to the disposition of all securities covered by the Mandatory Shelf Registration Statement
during the applicable period in accordance with the intended method or methods of distribution by
the selling Holders thereof;

          (c) furnish to the Holders, without charge, as many copies of each Prospectus, including each
preliminary Prospectus, and any amendment or supplement thereto and such other documents as such
Holder may reasonably request, in order to facilitate the public sale or other disposition of the
Registrable Shares (and the Company hereby consents to the use of such Prospectus, including each
preliminary Prospectus, by the Holders, if any, in connection with the offering and sale of the
Registrable Shares covered by any such Prospectus);

          (d) use its commercially reasonable efforts to register or qualify, or obtain exemption from
registration or qualification for, all Registrable Shares by the time the Mandatory Shelf
Registration Statement is declared effective by the Commission under all applicable state
securities or “blue sky” laws of such domestic jurisdictions as any Holder covered by the Mandatory
Shelf Registration Statement shall request in writing, keep each such registration or qualification
or exemption effective during the period the Mandatory Shelf Registration Statement is required to
be kept effective pursuant to Section 2(a)(i) and do any and all other acts and things that may be
reasonably necessary or advisable to enable such Holder to consummate the disposition in each such
jurisdiction of such Registrable Shares owned by such Holder; provided, however,
that the Company shall not be required to (i) qualify generally to do business in any jurisdiction
or to register as a broker or dealer in such jurisdiction where it would not otherwise be required
to qualify but for this Section 3(d), (ii) subject itself to taxation in any such jurisdiction, or
(iii) submit to the general service of process in any such jurisdiction;

          (e) use its commercially reasonable efforts to cause all Registrable Shares covered by the
Mandatory Shelf Registration Statement to be registered and approved by such other domestic
governmental agencies or authorities, if
any, as may be necessary to enable the Holders thereof to consummate the disposition of such
Registrable Shares;

          (f) notify each Holder with Registrable Shares covered by the Mandatory Shelf Registration
Statement promptly and, if requested by any such Holder, confirm such advice in writing (i) when
the Mandatory Shelf Registration Statement has become effective and when any post-effective
amendments and supplements thereto

6

 

become effective, (ii) of the issuance by the Commission or any
state securities authority of any stop order suspending the effectiveness of the Mandatory Shelf
Registration Statement or the initiation of any proceedings for that purpose, (iii) of any request
by the Commission or any other federal or state governmental authority for amendments or
supplements to the Mandatory Shelf Registration Statement or related Prospectus or for additional
information, (iv) of the happening of any event during the period the Mandatory Shelf Registration
Statement is effective as a result of which the Mandatory Shelf Registration Statement or the
related Prospectus or any document incorporated by reference therein contains any untrue statement
of a material fact or omits to state any material fact required to be stated therein or necessary
to make the statements therein not misleading (which information shall be accompanied by an
instruction to suspend the use of the Mandatory Shelf Registration Statement and the Prospectus
until the requisite changes have been made) and (v) at the request of any such Holder, promptly to
furnish to such Holder a reasonable number of copies of a supplement to or an amendment of such
Prospectus prepared in accordance with Section 3(i);

          (g) during the period of time referred to in Section 2(a)(i), use its commercially reasonable
efforts to avoid the issuance of, or if issued, to obtain the withdrawal of, any order enjoining or
suspending the use or effectiveness of the Mandatory Shelf Registration Statement or suspending the
qualification (or exemption from qualification) of any of the Registrable Shares for sale in any
jurisdiction, as promptly as practicable;

          (h) upon request, furnish to each requesting Holder with Registrable Shares covered by the
Mandatory Shelf Registration Statement, without charge, at least one conformed copy of the
Mandatory Shelf Registration Statement and any post-effective amendment or supplement thereto
(without documents incorporated therein by reference or exhibits thereto, unless requested);

          (i) except as provided in Section 4, upon the occurrence of any event contemplated by Section
3(f)(iv), use its commercially reasonable efforts to promptly prepare a supplement or
post-effective amendment to the Mandatory Shelf Registration Statement or the related Prospectus or
any document incorporated therein by reference or file any other required document so that, as
thereafter delivered to the purchasers of the Registrable Shares, such Prospectus will not contain
any untrue statement of a material fact or omit to state a material fact required to be stated
therein or necessary to make the statements therein, in the light of the circumstances under which
they were made, not misleading, and, upon request, promptly furnish to each requesting Holder
covered by the Mandatory Shelf Registration Statement a reasonable number of copies of each such
supplement or post-effective amendment;

          (j) use its commercially reasonable efforts (including seeking to cure in the Company’s
listing or inclusion application any deficiencies cited by the exchange or market) to list or
include all Registrable Shares on the New York Stock Exchange, The Nasdaq Stock Market or the
Toronto Stock Exchange and thereafter maintain the listing or inclusion on such exchange or market;

7

 

          (k) provide a CUSIP number for all Registrable Shares by a date not later than the date shares
of the Common Stock are listed or included on an exchange or market pursuant to Section 3(n);

          (l) (i) otherwise use its commercially reasonable efforts to comply in all material respects
with all applicable rules and regulations of the Commission and (ii) delay filing the Mandatory
Shelf Registration Statement or Prospectus or amendment or supplement to the Mandatory Shelf
Registration Statement or Prospectus to which the Holder Representative or the Selling Holders’
Counsel shall have reasonably objected on the grounds that the Mandatory Shelf Registration
Statement or Prospectus or amendment or supplement does not comply in all material respects with
the requirements of the Securities Act, the Holder Representative and the Selling Holders’ Counsel
having been furnished with a copy thereof at least five (5) Business Days before the filing
thereof, provided that the Company may file the Mandatory Shelf Registration Statement or
Prospectus or amendment or supplement following such time as the Company shall have made a good
faith effort to resolve any such issue with the Holder Representative or the Selling Holders’
Counsel and shall have advised the Holder Representative or the Selling Holders’ Counsel in writing
of its reasonable belief that such filing complies in all material respects with the requirements
of the Securities Act;

          (m) appoint a registrar and transfer agent for all Registrable Shares covered by the Mandatory
Shelf Registration Statement by a date not later than the date shares of the Common Stock are
listed or included on an exchange or market pursuant to Section 3(n);

          (n) in connection with any sale or transfer of the Registrable Shares (whether or not pursuant
to the Mandatory Shelf Registration Statement) that will result in the securities being delivered
no longer constituting Registrable Shares, cooperate with the Holders to facilitate the timely
preparation and delivery of certificates representing the Registrable Shares to be sold, which
certificates shall not bear any transfer restrictive legends (other than as required by the
Company’s charter or by-laws), and to enable such Registrable Shares to be in such denominations
and registered in such names as the Holders may request, which request shall be made at least two
(2) Business Days prior to any sale of the Registrable Shares; and

     The Company may require the Holders to furnish to the Company such information regarding the
proposed distribution by such Holder as the Company may from time to time reasonably request in
writing or as shall be required to effect the registration of the Registrable Shares, and no Holder
shall be entitled to be named as a selling stockholder in the Mandatory Shelf Registration
Statement and no Holder shall be entitled to use the Prospectus forming a part thereof if such
Holder does not timely
provide such information in writing to the Company. Each Holder further agrees to furnish
promptly to the Company in writing all information required from time to time to make the
information previously furnished by such Holder not misleading.

     Each Holder agrees that, upon receipt of any notice from the Company of the happening of any
event of the kind described in Section 3(f)(ii), 3(f)(iii) or 3(f)(iv),

8

 

such Holder will
immediately discontinue disposition of Registrable Shares pursuant to the Mandatory Shelf
Registration Statement until (i) any such stop order is vacated or (ii) if an event described in
Section 3(f)(iii) or 3(f)(iv) occurs, such Holder’s receipt of the copies of the supplemented or
amended Prospectus. If so directed by the Company, such Holder will deliver to the Company (at the
reasonable expense of the Company) all copies in its possession, other than permanent file copies
then in such Holder’s possession, of the Prospectus covering such Registrable Shares current at the
time of receipt of such notice.

     4. Suspension Period.

          (a) Subject to the provisions of this Section 4, following the effectiveness of the Mandatory
Shelf Registration Statement (and the filings with any international, federal or state securities
commissions), the Company may direct the Holders, in accordance with Section 4(b), to suspend sales
of the Registrable Shares pursuant to the Mandatory Shelf Registration Statement for such times as
the Company reasonably may determine is necessary and advisable (but in no event for more than an
aggregate of ninety (90) days in any consecutive twelve (12)-month period commencing on the date
the Lock-Up Agreement is terminated with respect to all of the Holders or more than sixty (60)
days in any consecutive ninety (90)-day period, except as a result of a review of any
post-effective amendment by the Commission prior to declaring any post-effective amendment to the
Mandatory Shelf Registration Statement effective), provided that the Company has used its
commercially reasonable efforts to cause such post-effective amendment to be declared effective),
if any of the following events shall occur: (i) the representative of the underwriters of an
Underwritten Offering of primary shares by the Company has advised the Company that the sale of
Registrable Shares pursuant to the Mandatory Shelf Registration Statement would have a material
adverse effect on a public offering by the Company; (ii) an officer of the Company shall have
determined in good faith that (1) the offer or sale of any Registrable Shares would materially
impede, delay or interfere with any proposed financing, offer or sale of securities, acquisition,
merger, tender offer, business combination, corporate reorganization, consolidation or other
significant transaction involving the Company, (2) upon the advice of counsel, the sale of
Registrable Shares pursuant to the Mandatory Shelf Registration Statement would require disclosure
of non-public material information not otherwise required to be disclosed under applicable law, and
(3) either (x) the Company has a bona fide business purpose for preserving the confidentiality of
such transaction, (y) disclosure would have a material adverse effect on the Company or the
Company’s ability to consummate such transaction, or (z) the proposed transaction renders the
Company unable to comply with Commission requirements, in each case
under circumstances that would make it impractical or inadvisable to cause the Mandatory Shelf
Registration Statement (or such filings) to become effective or to promptly amend or supplement the
Mandatory Shelf Registration Statement on a post-effective basis, as applicable; or (iii) an
officer of the Company shall have determined in good faith, upon the advice of counsel, that the
Company is required by law, rule or regulation to supplement the Mandatory Shelf Registration
Statement or file a post-effective amendment to the Mandatory Shelf Registration Statement in order
to incorporate information into the Mandatory Shelf Registration Statement for the purpose

9

 

of (1)
including in the Mandatory Shelf Registration Statement any prospectus required under Section
10(a)(3) of the Securities Act; (2) reflecting in the prospectus included in the Mandatory Shelf
Registration Statement any facts or events arising after the effective date of the Mandatory Shelf
Registration Statement (or of the most-recent post-effective amendment) that, individually or in
the aggregate, represents a material change in the information set forth therein; or (3) including
in the prospectus included in the Mandatory Shelf Registration Statement any material information
with respect to the plan of distribution not disclosed in the Mandatory Shelf Registration
Statement or any material change to such information. Upon the occurrence of any such suspension,
the Company shall use its commercially reasonable efforts to cause the Mandatory Shelf Registration
Statement to become effective or to promptly amend or supplement the Mandatory Shelf Registration
Statement on a post-effective basis or to take such action as is necessary to make resumed use of
the Mandatory Shelf Registration Statement compatible with the Company’s best interests, as
applicable, so as to permit the Holders to resume sales of the Registrable Shares as soon as
possible.

          (b) In the case of an event that causes the Company to suspend the use of the Mandatory Shelf
Registration Statement (a “Suspension Event”), the Company shall give written notice (a
“Suspension Notice”) to the Holders to suspend sales of the Registrable Shares and such
notice shall state generally the basis for the notice and that such suspension shall continue only
for so long as the Suspension Event or its effect is continuing and the Company is using
commercially reasonable efforts to terminate suspension of the use of the Mandatory Shelf
Registration Statement as promptly as possible. No Holder shall effect any sales of the
Registrable Shares pursuant to the Mandatory Shelf Registration Statement (or such filings) at any
time after it has received a Suspension Notice from the Company and prior to receipt of an End of
Suspension Notice (as defined below). If so directed by the Company, each Holder will deliver to
the Company (at the expense of the Company) all copies other than permanent file copies then in
such Holder’s possession of the Prospectus covering the Registrable Shares at the time of receipt
of the Suspension Notice. The Holders may recommence effecting sales of the Registrable Shares
pursuant to the Mandatory Shelf Registration Statement (or such filings) following further notice
to such effect (an “End of Suspension Notice”) from the Company, which End of Suspension
Notice shall be given by the Company to the Holders in the manner described above promptly
following the conclusion of any Suspension Event and its effect.

     5. Indemnification and Contribution.

          (a) The Company agrees to indemnify and hold harmless (i) each Holder, (ii) each Person, if
any, who controls (within the meaning of Section 15 of the Securities Act or Section 20(a) of the
Exchange Act) any of the foregoing (a “Controlling Person”), and (iii) the respective
officers, directors, partners, members, employees, representatives and agents of any such Person or
any Controlling Person (any Person referred to in clause (i), (ii) or (iii) may hereinafter be
referred to as a “Purchaser Indemnitee”) from and against any and all losses, claims,
damages, judgments, actions, reasonable out-of-pocket expenses, and other liabilities, including,
as incurred, reimbursement of all reasonable costs of investigating, preparing, pursuing or
defending

10

 

any claim or action, or any investigation or proceeding by any governmental agency or
body, commenced or threatened, including the reasonable fees and expenses of outside counsel to any
Purchaser Indemnitee, joint or several (the “Liabilities”), directly or indirectly related
to, based upon, arising out of or in connection with any untrue statement or alleged untrue
statement of a material fact contained in the Mandatory Shelf Registration Statement or Prospectus
(as amended or supplemented if the Company shall have furnished to such Purchaser Indemnitee any
amendments or supplements thereto), or any preliminary Prospectus or any other document prepared by
the Company used to sell the Registrable Shares, or any omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the statements therein
(in the case of a Prospectus, in light of the circumstances under which they were made), not
misleading, except insofar as such Liabilities arise out of or are based upon (i) any untrue
statement or omission or alleged untrue statement or omission made in reliance upon and in
conformity with information relating to any Purchaser Indemnitee furnished to the Company in
writing by such Purchaser Indemnitee expressly for use therein, (ii) any untrue statement contained
in or omission from a preliminary Prospectus if a copy of the Prospectus (as then amended or
supplemented, if the Company shall have furnished to or on behalf of the Holder participating in
the distribution relating to the relevant Registration Statement any amendments or supplements
thereto) was not sent or given by or on behalf of such Holder to the Person asserting any such
Liabilities who purchased Common Stock, if such Prospectus (or Prospectus as amended or
supplemented) is required by law to be sent or given at or prior to the written confirmation of the
sale of such Common Stock to such Person and the untrue statement contained in or omission from
such preliminary Prospectus was corrected in the Prospectus (or the Prospectus as amended or
supplemented), or (iii) any sales by any Holder after the delivery by the Company to such Holder of
a Suspension Notice and before the delivery by the Company of an End of Suspension Notice. The
Company shall notify the Holders promptly of the institution, threat or assertion of any claim,
proceeding (including any governmental investigation), or litigation of which it shall have become
aware in connection with the matters addressed by this Agreement which involves the Company or a
Purchaser Indemnitee. The indemnity provided for herein shall remain in full force and effect
regardless of any investigation made by or on behalf of any Purchaser Indemnitee.

          (b) In connection with the Mandatory Shelf Registration Statement in which a Holder is
participating, such Holder agrees, severally and not jointly, to indemnify and hold harmless the
Company, each Person who controls the Company within the meaning of Section 15 of the Securities
Act or Section 20(a) of the Exchange Act, and the respective officers, directors, partners,
members, representatives, employees and agents of such Person or Controlling Person to the same
extent as the foregoing indemnity from the Company to each Purchaser Indemnitee, but only with
reference to (i) untrue statements or omissions or alleged untrue statements or omissions made in
reliance upon and in conformity with information relating to such Holder furnished to the Company
in writing by such Holder expressly for use in the Mandatory Shelf Registration Statement or
Prospectus, any amendment or supplement thereto, or any preliminary Prospectus and (ii) any sales
by any Holder after the delivery by the Company to such Holder of a Suspension Notice and before
the delivery by the Company of an End of Suspension Notice. The liability of any Holder pursuant
to clause (i) of the

11

 

immediately preceding sentence shall in no event exceed the net proceeds
received by such Holder from sales of Registrable Shares giving rise to such obligations.

          (c) If any suit, action, proceeding (including any governmental or regulatory investigation),
claim or demand shall be brought or asserted against any Person in respect of which indemnity may
be sought pursuant to Section 5(a) or 6(b), such Person (the “Indemnified Party”), shall
promptly notify the Person against whom such indemnity may be sought (the “Indemnifying
Party”), in writing (to the extent legally advisable) of the commencement thereof (but the
failure to so notify an Indemnifying Party shall not relieve it from any Liability which it may
have under this Section 5, except to the extent the Indemnifying Party is materially prejudiced by
the failure to give notice), and the Indemnifying Party, upon request of the Indemnified Party,
shall retain counsel reasonably satisfactory to the Indemnified Party to represent the Indemnified
Party and any others the Indemnifying Party may reasonably designate in such proceeding and shall
assume the defense of such proceeding and pay the fees and expenses actually incurred by such
counsel related to such proceeding. Notwithstanding the foregoing, in any such proceeding, any
Indemnified Party may retain its own counsel, but the fees and expenses of such counsel shall be at
the expense of such Indemnified Party, unless (i) the Indemnifying Party and the Indemnified Party
shall have mutually agreed in writing to the contrary, (ii) the Indemnifying Party failed within a
reasonable time after notice of commencement of the action to assume the defense and employ counsel
reasonably satisfactory to the Indemnified Party, or (iii) the named parties to any such action
(including any impleaded parties) include both such Indemnified Party and the Indemnifying Party,
or any affiliate of the Indemnifying Party, and such Indemnified Party shall have been reasonably
advised by counsel that, either (x) there may be one or more legal defenses available to it which
are different from or additional to those available to the Indemnifying Party or such affiliate of
the Indemnifying Party or (y) a conflict may exist between such Indemnified Party and the
Indemnifying Party or such affiliate of the Indemnifying Party, in which event the Indemnifying
Party may not assume or direct the defense of such action on behalf of such Indemnified Party, it
being understood, however, that the Indemnifying Party shall not, in connection with any one such
action or separate but substantially similar or related actions arising out of the same general
allegations or circumstances, be liable for the fees and expenses of more than one
separate firm of attorneys (in addition to any local counsel) for all such Indemnified
Parties, which firm shall be designated in writing by those Indemnified Parties who sold a majority
of the Registrable Shares sold by all such Indemnified Parties and any such separate firm for the
Company, the directors, the officers and such control Persons of the Company as shall be designated
in writing by the Company. The Indemnifying Party shall not be liable for any settlement of any
proceeding effected without its written consent, which consent shall not be unreasonably withheld
or delayed, but if settled with such consent or if there be a final judgment for the plaintiff, the
Indemnifying Party agrees to indemnify any Indemnified Party from and against any Liability by
reason of such settlement or judgment to the extent provided in this Section 5 without reference to
this sentence. No Indemnifying Party shall, without the prior written consent of the Indemnified
Party, effect any settlement of any pending or threatened proceeding in respect of which any
Indemnified Party is or could have been a party and indemnity could have been sought hereunder by
such Indemnified Party, unless such settlement

12

 

includes an unconditional release of such
Indemnified Party from all Liability on claims that are the subject matter of such proceeding.

          (d) If the indemnification provided for in Section 5(a) or 5(b) is for any reason held to be
unavailable to an Indemnified Party in respect of any Liabilities referred to therein (other than
by reason of the exceptions provided therein) or is insufficient to hold harmless a party
indemnified thereunder, then each Indemnifying Party under such sections, in lieu of indemnifying
such Indemnified Party thereunder, shall contribute to the amount paid or payable by such
Indemnified Party as a result of such Liabilities (i) in such proportion as is appropriate to
reflect the relative benefits of the Indemnified Party on the one hand and the Indemnifying Parties
on the other in connection with the statements or omissions that resulted in such Liabilities, or
(ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such
proportion as is appropriate to reflect not only the relative benefits referred to in clause (i)
above but also the relative fault of the Indemnifying Parties and the Indemnified Party, as well as
any other relevant equitable considerations. The relative fault of the Company, on the one hand,
and any Purchaser Indemnitees, on the other, shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information supplied by the Company or by such
Purchaser Indemnitees and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission.

          (e) The parties agree that it would not be just and equitable if contribution pursuant to this
Section 5 were determined by pro rata allocation (even if such Indemnified Parties
were treated as one entity for such purpose), or by any other method of allocation that does not
take account of the equitable considerations referred to in Section 5(d). The amount paid or
payable by an Indemnified Party as a result of any Liabilities referred to in Section 5(d) shall be
deemed to include, subject to the limitations set forth above, any reasonable legal or other
expenses actually incurred by such Indemnified Party in connection with investigating or defending
any such action or claim. Notwithstanding the provisions of this Section 5, in no event shall a
Purchaser Indemnitee be required to contribute any amount in excess of the amount by which
proceeds received by such Purchaser Indemnitee from sales of Registrable Shares exceeds the
amount of any damages that such Purchaser Indemnitee has otherwise been required to pay by reason
of such untrue or alleged untrue statement or omission or alleged omission. For purposes of this
Section 5, each Person, if any, who controls (within the meaning of Section 15 of the Act or
Section 20(a) of the Exchange Act) a Holder shall have the same rights to contribution as such
Holder, as the case may be, and each Person, if any, who controls (within the meaning of Section 15
of the Act or Section 20(a) of the Exchange Act) the Company, and each officer, director, partner,
member, employee, representative, agent or manager of the Company shall have the same rights to
contribution as the Company. Any party entitled to contribution will, promptly after receipt of
notice of commencement of any action, suit or proceeding against such party in respect of which a
claim for contribution may be made against another party or parties, notify each party or parties
from

13

 

whom contribution may be sought, but the omission to so notify such party or parties shall not
relieve the party or parties from whom contribution may be sought from any obligation it or they
may have under this Section 5 or otherwise, except to the extent that any party is materially
prejudiced by the failure to give notice. No Person guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act), shall be entitled to contribution from any
Person who was not guilty of such fraudulent misrepresentation.

          (f) The indemnity and contribution agreements contained in this Section 5 will be in addition
to any Liability which the indemnifying parties may otherwise have to the indemnified parties
referred to above. Each Purchaser Indemnitee’s obligations to contribute pursuant to this Section
5 are not joint but are several in the proportion that the number of Registrable Shares sold by
such Purchaser Indemnitee under the Mandatory Shelf Registration Statement bears to the number of
Registrable Shares sold by all Purchaser Indemnitees under the Mandatory Shelf Registration
Statement.

     6. Termination of the Company’s Obligations. The Company shall have no further
obligations pursuant to this Agreement at such time as no Registrable Shares are outstanding after
their original issuance, provided, however, that the Company’s obligations under
Sections 5 and 7 (and any related definitions) shall remain in full force and effect following such
time.

     7. Miscellaneous.

          (a) Remedies. In the event of a breach by the Company of any of its obligations under
this Agreement, each Holder, in addition to being entitled to exercise all rights provided herein,
or granted by law, including recovery of damages, will be entitled to specific performance of its
rights under this Agreement. Subject to Section 5, the Company agrees that monetary damages would
not be adequate compensation for any loss incurred
by reason of a breach by it of any of the provisions of this Agreement and hereby further
agrees that, in the event of any action for specific performance in respect of such breach, it
shall waive the defense that a remedy at law would be adequate.

          (b) Amendments and Waivers. This Agreement may not be amended, modified or
supplemented, and waivers or consents to or departures from the provisions hereof may not be given,
without the written consent of the Company and Holders beneficially owning a majority of the
Registrable Shares; provided, however, that for purposes of this Agreement,
Registrable Shares owned, directly or indirectly, by an entity that is an Affiliate of the Company
due to the Company’s owning an interest in such entity shall not be deemed to be outstanding.
Notwithstanding the foregoing, a waiver or consent to or departure from the provisions hereof with
respect to a matter that relates exclusively to the rights of a Holder whose securities are being
sold pursuant to the Mandatory Shelf Registration Statement and that does not directly or
indirectly affect, impair, limit or compromise the rights of other Holders may be given by such
Holder; provided that the provisions of this sentence may not be amended, modified or
supplemented except in accordance with the provisions of the immediately preceding sentence.

14

 

          (c) Notices. All notices and other communications, provided for or permitted
hereunder shall be made in writing and delivered by facsimile or other electronic means (with
receipt confirmed), overnight courier or registered or certified mail, return receipt requested,
addressed as follows:

	 	(i)	 	if to a Holder, at the most current address given by the Holder to the Company in
writing; and
	 
	 	(ii)	 	if to the Company, at the offices of the Company at Suite 1000, 444 – 7th Avenue
S.W., Calgary, Alberta, T2P 0X8, Attention: Secretary and Treasurer.

          (d) Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to
the benefit of and be binding upon the successors and assigns of each of the parties hereto and
shall inure to the benefit of each Holder. The Company agrees that the Holders shall be third
party beneficiaries to the agreements made hereunder by the Company, and each Holder shall have the
right to enforce such agreements directly to the extent it deems such enforcement necessary or
advisable to protect its rights hereunder; provided, however, that such Holder
fulfills all responsibilities and obligations hereunder as if it is a signatory hereto.

          (e) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement.

          (f) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE
OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT OF THE
SOUTHERN DISTRICT OF NEW YORK OR THE SUPREME COURT OF THE STATE OF NEW YORK OR SITTING IN NEW YORK
COUNTY IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT,
AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY,
THE JURISDICTION OF THE AFORESAID COURTS. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR
HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY
SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS
BEEN BROUGHT IN AN INCONVENIENT FORUM.

15

 

          (g) Severability. If any term, provision, covenant or restriction of this Agreement
is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in
full force and effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their commercially reasonable efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such term, provision,
covenant or restriction. It is hereby stipulated and declared to be the intention of the parties
hereto that they would have executed the remaining terms, provisions, covenants and restrictions
without including any of such that may be hereafter declared invalid, illegal, void or
unenforceable.

          (h) Entire Agreement. This Agreement, together with the Existing Registration Rights
Agreement, is intended by the parties hereto as a final expression of their agreement and is
intended to be a complete and exclusive statement of the agreement and understanding of the parties
hereto in respect of the subject matter contained herein and therein and, for the avoidance of
doubt, the Company’s obligations under this Agreement shall exist notwithstanding the last sentence
of Section 2.5(a)(i) in the Existing Registration Rights
Agreement and (ii) this Agreement is a valid agreement among the parties hereto
notwithstanding Section 4.8 in the Existing Registration Rights Agreement.

          (i) Registrable Shares Held by the Company or its Affiliates. Whenever the consent or
approval of Holders of a specified percentage of Registrable Shares is required hereunder,
Registrable Shares held by the Company or entities that are Affiliates of the Company due to the
Company’s owning an interest in such entities shall not be counted in determining whether such
consent or approval was given by the Holders of such required percentage.

          (j) Survival. The indemnification and contribution obligations under Section 5 shall
survive the termination of the Company’s obligations under Section 2.

          (k) Headings. The headings in this Agreement are for convenience of reference only
and shall not limit or otherwise affect the provisions of this Agreement. All references made in
this Agreement to “Section” refer to such Section of this Agreement, unless expressly stated
otherwise.

          (l) Adjustment for Stock Splits, etc. Wherever in this Agreement there is a reference
to a specific number of shares with respect to any securities, then upon the occurrence of any
subdivision, combination, or stock dividend of such shares, the specific number of shares with
respect to any securities so referenced in this Agreement shall automatically be proportionally
adjusted to reflect the effect on the outstanding shares of such class or series of stock by such
subdivision, combination, or stock dividend.

[Remainder of this Page Intentionally Left Blank]

16

 

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written.

	 	 	 	 	 
	 	TRIDENT RESOURCES CORP.

 	 
	 	By:  	                                      /s/ Paul K. O'Donoghue
 	 
	 	 	Name:  	Paul K. O'Donoghue 	 
	 	 	Title:  	Secretary & Treasurer 	 
	 

[This is a counterparty page to the Registration Rights Agreement.]

 

	 	 	 	 	 	 	 
	 	 	 	 	
    AURORA ENERGY PARTNERS, L.P.,

    by its General Partner, White Hat Ventures,
LLC
	 
	 
	 	 	 	 	
    Per:	 	
    /s/ Jon Baker

     
Name:
    Jon Baker

    Title: Manager
	 
	 
	
    TRIDENT EXPLORATION LIMITED	 	
    TRIDENT EXPLORATION (2003)
	
    PARTNERSHIP, by its General Partner,	 	
     LIMITED PARTNERSHIP I, by its 
	
    981443 ALBERTA LTD. 	 	
    General Partner, 981443 ALBERTA LTD.
	 
	 
	
    Per:	 	
    /s/ Paul K. O’Donoghue	 	
    Per:	 	
    /s/ Paul K. O’Donoghue
	 	 	 	 	 	 	 
	 	 	
    Name: Paul K. O’Donoghue	 	 	 	
    Name: Paul K. O’Donoghue
	 	 	
    Title: Secretary & Treasurer	 	 	 	
    Title: Secretary & Treasurer
	 
	 
	
    TRIDENT EXPLORATION (2005)	 	
    TRIDENT EXPLORATION (2005)
	
    LIMITED PARTNERSHIP I, by its	 	
    LIMITED PARTNERSHIP II, by its
	
    General Partner, 981443 ALBERTA LTD. 	 	
    General Partner, 981443 ALBERTA LTD.
	 
	 
	
    By:	 	
    /s/ Paul K. O’Donoghue	 	
    Per:	 	
    /s/ Paul K. O’Donoghue
	 	 	 	 	 	 	 
	 	 	
    Name: Paul K. O’Donoghue	 	 	 	
    Name: Paul K. O’Donoghue
	 	 	
    Title: Secretary & Treasurer	 	 	 	
    Title: Secretary & Treasurer

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    THE CHARLES S. MCNEIL FAMILY

TRUST,
    an Alaska resident trust	 	
    THE MCNEIL FAMILY IRREVOCABLE

GST TRUST
	 
	 
	
    By:	 	
    /s/ Charles S. McNeil	 	
    By:	 	 
	 	 	 	 	 	 	 
	 	 	
    Name: Charles S. McNeil	 	 	 	
    Name: Lynn P. Hendrix
	 	 	
    Title: Investment Trustee	 	 	 	
    Title: Trustee
	 
	 
	 	 	 	 	
    By:	 	
    Wyoming Bank & Trust, Trustee
	 
	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name:

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    THE CHARLES S. MCNEIL FAMILY

TRUST,
    an Alaska resident trust	 	
    THE MCNEIL FAMILY IRREVOCABLE

GST TRUST
	 
	 
	
    By:	 	 	 	
    By:	 	
    /s/ Lynn P. Hendrix
	 	 	 	 	 	 	 
	 	 	
    Name: Charles S. McNeil	 	 	 	
    Name: Lynn P. Hendrix
	 	 	
    Title: Investment Trustee	 	 	 	
    Title: Trustee
	 
	 
	 	 	 	 	
    By:	 	
    Wyoming Bank & Trust, Trustee
	 
	 
	 	 	 	 	 	 	
    /s/ Michael E. Bahl
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name: Michael E. Bahl

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    BTR GLOBAL ARBITRAGE TRADING

    LIMITED	 	
    BTR GLOBAL OPPORTUNITY

TRADING LIMITED
	 
	 
	
    By:	 	
    /s/ Gary Ostoiski	 	
    By:	 	
    /s/ Gary Ostoiski
	 	 	 	 	 	 	 
	 	 	
    Name: Gary Ostoiski	 	 	 	
    Name: Gary Ostoiski
	 	 	
    Title: Director	 	 	 	
    Title: Director

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    PERRY PARTNERS L.P.	 	
    PERRY PARTNERS INTERNATIONAL,

INC.
	 
	 
	
    
    By:

    	 	
    /s/ Michael C. Neus	 	
    By:	 	
    /s/ Michael C. Neus
	 	 	 	 	 	 	 
	 	 	
    Name: Michael C. Neus	 	 	 	
    Name: Michael C. Neus
	 	 	
    Title: General Counsel	 	 	 	
    Title: General Counsel
	 
	 
	
    
    By:

    	 	
    Perry Corp. Managing Partner for	 	
    By:	 	
    Perry Corp. Investment Advisor for
	 	 	
    Perry Partners L.P.	 	 	 	
    Perry Partners Int’l Inc.
	 
	 
	
    AUDA CLASSIC P.L.C	 	 	 	 
	 
	 
	
    
    By:

    	 	
    /s/ B. Scott Reid	 	 	 	 
	 	 	 	 	 	 	 
	 	 	
    Name: B. Scott Reid	 	 	 	 
	 	 	
    Title: Director	 	 	 	 

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    NATURAL RESOURCES PORTFOLIO

OF THE PRUDENTIAL SERIES FUND, INC.	 	
    JENNISON UTILITY FUND OF THE

PRUDENTIAL SECTOR FUNDS INC.
	 
	 
	
    By:	 	
    Jennison Associates LLC, as sub-

advisor to Natural Resources
    Portfolio

of The Prudential Series Fund, Inc.	 	
    By:	 	
    Jennison Associates LLC, as sub-

advisor to Jennison Utility Fund
    of the 

Prudential Sector Funds, Inc.
	 
	 
	
    Per:	 	
    /s/ David A. Kiefer	 	
    Per:	 	
    /s/ Uborg Edemeka
	 	 	 	 	 	 	 
	 	 	
    Name: David A. Kiefer	 	 	 	
    Name: Uborg Edemeka
	 	 	
    Title: Executive Vice President	 	 	 	
    Title: Vice President
	 
	 
	
    JENNISON VALUE FUND	 	
    VALUE PORTFOLIO OF THE

PRUDENTIAL SERIES FUND, INC.
	 
	 
	
    By:	 	
    Jennison Associates LLC, as sub-

advisor to Jennison Value Fund	 	
    By:	 	
    Jennison Associates LLC, as sub-

advisor to Value Portfolio of
    the 

Prudential Series Fund, Inc.
	 
	 
	
    Per:	 	
    /s/ David A. Kiefer	 	
    Per:	 	
    /s/ David A. Kiefer
	 	 	 	 	 	 	 
	 	 	
    Name: David A. Kiefer	 	 	 	
    Name: David A. Kiefer
	 	 	
    Title: Executive Vice President	 	 	 	
    Title: Executive Vice President
	 
	 
	
    JENNISON NATURAL RESOURCES

    FUND, INC.	 	
    SAMSUNG LIFE INVESTMENT 

(AMERICA), LTD.
	 
	 
	
    
    By:

    	 	
    Jennison Associates LLC, as sub-

advisor to Jennison Natural
    Resources 

Fund, Inc.	 	
    By:	 	
    Jennison Associates LLC, as sub-

advisor to Samsung Life
    Investment 

(America), Inc.
	 
	 
	
    
    Per:

    	 	
    /s/ David A. Kiefer	 	
    Per:	 	
    /s/ David A. Kiefer
	 	 	 	 	 	 	 
	 	 	
    Name: David A. Kiefer	 	 	 	
    Name: David A. Kiefer
	 	 	
    Title: Executive Vice President	 	 	 	
    Title: Executive Vice President

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	
    ALEXANDRA GLOBAL MASTER 

FUND, LTD.
	 
	 
	 	 	 	 	
    By:	 	
    Alexandra Investment Management, 

LLC (as investment advisor)
	 
	 
	 	 	 	 	
    By:	 	
    /s/ Gena Lovett
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name: Gena Lovett
	 	 	 	 	 	 	
    Title: Chief Operating Officer

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	
    TRIDENT ENERGY OPPORTUNITY,

    L.P., by its general partner, TRIDENT

    ENERGY OPPORTUNITY GP, INC.
	 
	 
	 	 	 	 	
    By:	 	
    /s/ Steve Buchanan
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name: Steve Buchanan
	 	 	 	 	 	 	
    Title: President

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    PRUDENTIAL CAPITAL PARTNERS, 

L.P.	 	
    PRUDENTIAL CAPITAL PARTNERS, 

MANAGEMENT FUND, L.P.
	 
	 
	
    
    By:

    	 	
    Prudential Capital Group, L.P. (as its

    General Partner)	 	
    By:	 	
    Prudential Investment Management,

    Inc. (as its General Partner)
	 
	 
	
    
    By:

    	 	
    /s/ Kelly A. Brandel	 	
    By:	 	
    /s/ Kelly A. Brandel
	 	 	 	 	 	 	 
	 	 	
    Name: Kelly A. Brandel	 	 	 	
    Name: Kelly A. Brandel
	 	 	
    Title: Vice President	 	 	 	
    Title: Vice President

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	
    EDGESTONE CAPITAL MEZZANINE

    FUND II, L.P.
	 
	 
	 	 	 	 	
    By:	 	
    Edgestone Capital Mezzanine II 

Partners, Inc., as general
    partner for 

and on behalf of Edgestone Capital 

Mezzanine
    Fund II, L.P.
	 
	 
	 	 	 	 	
    By:	 	
    /s/
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name:
	 	 	 	 	 	 	
    Title: Vice President
	 
	 
	 	 	 	 	
    By:	 	
    Edgestone Capital Mezzanine Fund II 

Nominee, Inc., as
    nominee for and on 

behalf of Edgestone Capital 

Mezzanine
    Fund II, L.P. and its 

parallel investors
	 
	 
	 	 	 	 	
    By:	 	
    /s/
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name:
	 	 	 	 	 	 	
    Title: Vice President

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	 	 	
    D.E. SHAW LAMINAR PORTFOLIOS, 

LLC
	 
	 
	 	 	 	 	
    By:	 	
    /s/ Julius Gaudio
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name: Julius Gaudio
	 	 	 	 	 	 	
    Title: Authorized Signatory

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	 	 	
    CLERY SARL
	 
	 
	 	 	 	 	
    Per:	 	
    /s/
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name: Luxembourg Corporation 

            Company S.A.
	 	 	 	 	 	 	
    Title: Manager

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    BLACKSTONE MEZZANINE

    HOLDINGS L.P.	 	
    BLACKSTONE MEZZANINE

    PARTNERS L.P.
	 
	 
	
    By:	 	
    Blackstone Mezzanine Associates,

    L.P., its General Partner	 	
    By:	 	
    Blackstone Mezzanine Associates,

    L.P., its General Partner
	 
	 
	
    By:	 	
    Blackstone Mezzanine Management

    Associates L.L.C., its General Partner	 	
    By:	 	
    Blackstone Mezzanine Management

    Associates L.L.C., its General Partner
	 
	 
	
    Per:	 	
    /s/	 	
    Per:	 	
    /s/
	 	 	 	 	 	 	 
	 	 	
    Name:	 	 	 	
    Name:
	 	 	
    Title: Authorized Signer	 	 	 	
    Title: Authorized Signer

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    TD CAPITAL MEZZANINE PARTNERS

    (QLP) L.P., by its General Partner, TD

    CAPITAL MEZZANINE PARTNERS

    (QLP) GP LTD.	 	
    THE TORONTO-DOMINION BANK
	 
	 
	
    Per:	 	
    /s/ Ian Kidson	 	
    Per:	 	
    /s/ Ian Kidson
	 	 	 	 	 	 	 
	 	 	
    Name: Ian Kidson	 	 	 	
    Name: Ian Kidson
	 	 	
    Title: Managing Director	 	 	 	
    Title: Managing Director
	 
	 
	
    TORONTO DOMINION

    INVESTMENTS, INC.	 	
    TD CAPITAL MEZZANINE PARTNERS

    (NON-QLP) L.P., by its General Partner,

    TD CAPITAL MEZZANINE PARTNERS

    GP LTD.
	 
	 
	
    Per:	 	
    /s/ Martha L. Gariepy	 	
    Per:	 	
    /s/ Ian Kidson
	 	 	 	 	 	 	 
	 	 	
    Name: Martha L. Gariepy	 	 	 	
    Name: Ian Kidson
	 	 	
    Title: President	 	 	 	
    Title: Managing Director

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	 	 	
    2079517 ONTARIO LIMITED
	 
	 
	 	 	 	 	
    By:	 	
    /s/ Don Morrison

     
Name:
    Don Morrison

    Title: Director
	 
	 
	 	 	 	 	
    By:	 	
    /s/ Mary Chaney

     
Name:
    Mary Chaney

    Title: Director

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    /s/	 	
    /s/ Jon Baker
	 	 	 
	
    Witness as to the signature of Jon Baker	 	
    JON BAKER
	 
	 
	 	 	 
	
    Witness as to the signature of Rich Meli	 	
    RICH MELI
	 
	 
	 	 	 
	
    Witness as to the signature of Steven J. Buchanan	 	
    STEVEN J. BUCHANAN

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 
	 
	 	 	 
	
    Witness as to the signature of Jon Baker	 	
    JON BAKER
	 
	 
	
    /s/	 	
    /s/ Rich Meli
	 	 	 
	
    Witness as to the signature of Rich Meli	 	
    RICH MELI
	 
	 
	 	 	 
	
    Witness as to the signature of Steven J. Buchanan	 	
    STEVEN J. BUCHANAN

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 
	 
	 	 	 
	
    Witness as to the signature of Jon Baker	 	
    JON BAKER
	 
	 
	 	 	 
	
    Witness as to the signature of Rich Meli	 	
    RICH MELI
	 
	 
	
    /s/	 	
    /s/ Steven J. Buchanan
	 	 	 
	
    Witness as to the signature of Steven J. Buchanan	 	
    STEVEN J. BUCHANAN

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	 	 	
    MAGNETAR CAPITAL MASTER

    FUND, LTD.
	 
	 
	 	 	 	 	
    By:	 	
    Magnetar Financial LLC, its

    Investment Manager
	 
	 
	 	 	 	 	
    By:	 	
    

     
Name:
    Paul Smith

    Title: General Counsel

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    BLACKROCK, INC. on behalf of

    ALL-CAP ENERGY HEDGE FUND LLC	 	
    BLACKROCK, INC. on behalf of

    EDISON SOURCES LTD.
	 
	 
	
    By:	 	
    /s/ Dan Rice	 	
    By:	 	
    /s/ Dan Rice
	 	 	 	 	 	 	 
	 	 	
    Name: Dan Rice	 	 	 	
    Name: Dan Rice
	 	 	
    Title: Managing Director	 	 	 	
    Title: Managing Director
	 
	 
	
    BLACKROCK, INC. on behalf of

    RAYTHEON MASTER PENSION

    TRUST #2 ALL CAP ENERGY

    ACCOUNT	 	
    BLACKROCK, INC. on behalf of

    RAYTHEON COMBINED DB-DC

    MASTER TRUST ALL CAP ENERGY
	 
	
    By:	 	
    /s/ Dan Rice	 	
    By:	 	
    /s/ Dan Rice
	 	 	 	 	 	 	 
	 	 	
    Name: Dan Rice	 	 	 	
    Name: Dan Rice
	 	 	
    Title: Managing Director	 	 	 	
    Title: Managing Director
	 
	 
	
    BLACKROCK, INC. on behalf of

    RAYTHEON MASTER PENSION

    TRUST ALL CAP ENERGY ACCOUNT	 	
    BLACKROCK, INC. on behalf of

    RAYTHEON MASTER PENSION

    TRUST ENERGY HEDGE ACCOUNT
	 
	 
	
    By:	 	
    /s/ Dan Rice	 	
    By:	 	
    /s/ Dan Rice
	 	 	 	 	 	 	 
	 	 	
    Name: Dan Rice	 	 	 	
    Name: Dan Rice
	 	 	
    Title: Managing Director	 	 	 	
    Title: Managing Director
	 
	 
	
    BLACKROCK, INC. on behalf of

    RAYTHEON COMBINED DB/DC

    MASTER TRUST ENERGY HEDGE

    ACCOUNT	 	
    BLACKROCK, INC. on behalf of

    SSR ENERGY AND NATURAL

    RESOURCES HEDGE FUND LLC
	 
	 
	
    By:	 	
    /s/ Dan Rice	 	
    By:	 	
    /s/ Dan Rice
	 	 	 	 	 	 	 
	 	 	
    Name: Dan Rice	 	 	 	
    Name: Dan Rice
	 	 	
    Title: Managing Director	 	 	 	
    Title: Managing Director
	 
	 
	
    BLACKROCK, INC. on behalf of

    UNIVERSITY OF TEXAS GENERAL

    ENDOWMENT FUND ALL CAP

    ENERGY PORTFOLIO	 	
    BLACKROCK, INC. on behalf of

    UNIVERSITY OF TEXAS PERMANENT

    UNIVERSITY FUND ALL CAP

    ENERGY PORTFOLIO
	 
	 
	
    By:	 	
    /s/ Dan Rice	 	
    By:	 	
    /s/ Dan Rice
	 	 	 	 	 	 	 
	 	 	
    Name: Dan Rice	 	 	 	
    Name: Dan Rice
	 	 	
    Title: Managing Director	 	 	 	
    Title: Managing Director

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    VIKING GLOBAL EQUITIES LP	 	
    VGE III PORTFOLIO LTD.
	 
	 
	
    By:	 	
    /s/ Brian G. Smith	 	
    By:	 	
    /s/ Brian G. Smith
	 	 	 	 	 	 	 
	 	 	
    Name: Brian G. Smith	 	 	 	
    Name: Brian G. Smith
	 	 	
    Title: Chief Financial Officer	 	 	 	
    Title: Chief Financial Officer

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    TREATY OAK MASTER FUND, LP	 	
    TREATY OAK IRONWOOD, LTD.
	 
	 
	
    By:	 	
    /s/ Jenny McCann	 	
    By:	 	
    /s/ Jenny McCann
	 	 	 	 	 	 	 
	 	 	
    Name: Jenny McCann	 	 	 	
    Name: Jenny McCann
	 	 	
    Title: CFO	 	 	 	
    Title: CFO
	 
	 
	
    TREATY OAK ACORN FUND, LP	 	 	 	 
	 
	 
	
    By:	 	
    /s/ Jenny McCann	 	 	 	 
	 	 	 	 	 	 	 
	 	 	
    Name: Jenny McCann	 	 	 	 
	 	 	
    Title: CFO	 	 	 	 

[This is a counterparty page to the Registration Rights
Agreement.]

 

 

	 	 	 	 	 	 	 
	 	 	 	 	
    STRAGEGIC ENERGY FUND
	 
	 	 	 	 	
    By:	 	
    Glenn MacNeill
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name: Glenn MacNeill
	 	 	 	 	 	 	
    Title: V.P. Investments

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    HOPLITE PARTNERS, L.P.	 	
    HOPLITE OFFSHORE FUND, LTD.
	 
	
    
    By:

    	 	
    /s/ John T. Lykonvetsis	 	
    By:	 	
    /s/ John T. Lykonvetsis
	 	 	 	 	 	 	 
	 	 	
    Name: John T. Lykonvetsis	 	 	 	
    Name: John T. Lykonvetsis
	 	 	
    Title: Managing Member	 	 	 	
    Title: Director

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	 	 	
    FRONTPOINT ENERGY HORIZONS
FUND, L.P.
	 
	 	 	 	 	
    By:	 	
    /s/ Arthur J. Lev
	 	 	 	 	 	 	 
	 
	 	 	 	 	
    By:	 	
    FrontPoint Energy Horizons Fund GP,
LLC, as
    general partners
	 
	 	 	 	 	
    By:	 	
    Arthur J. Lev

    Authorized Signatory

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	 	 	
    DEEPHAVEN RELATIVE VALUE
EQUITY TRADING, LTD.
	 
	 	 	 	 	
    By:	 	
    /s/ Deb Roesler
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name: Deb Roesler
	 	 	 	 	 	 	
    Title: CFO

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    CHILTON NEW ERA
INTERNATIONAL, L.P.	 	
    CHILTON NEW ERA PARTNERS, L.P.
	 
	
    
    By:

    	 	
    Chilton Investment Company LLC,
General Partner	 	
    By:	 	
    Chilton Investment Company LLC,
General Partner
	 
	
    
    By:

    	 	
    /s/ Norman B. Champ III	 	
    By:	 	
    /s/ Norman B. Champ III
	 	 	 	 	 	 	 
	 	 	
    Name: Norman B. Champ III	 	 	 	
    Name: Norman B. Champ III
	 	 	
    Title: Executive Vice President	 	 	 	
    Title: Executive Vice President
	 
	
    CHILTON SMALL CAP
INTERNATIONAL, L.P.	 	
    CHILTON SMALL CAP PARTNERS,
L.P.
	 
	
    
    By:

    	 	
    Chilton Investment Company LLC,
General Partner	 	
    By:	 	
    Chilton Investment Company LLC,
General Partner
	 
	
    
    By:

    	 	
    /s/ Norman B. Champ III	 	
    By:	 	
    /s/ Norman B. Champ III
	 	 	 	 	 	 	 
	 	 	
    Name: Norman B. Champ III	 	 	 	
    Name: Norman B. Champ III
	 	 	
    Title: Executive Vice President	 	 	 	
    Title: Executive Vice President
	 
	
    CHILTON GLOBAL NATURAL
RESOURCES PARTNERS, L.P.	 	
    CHILTON QP INVESTMENT
PARTNERS, L.P.
	 
	
    
    By:

    	 	
    Chilton Investment Company LLC,
General Partner	 	
    By:	 	
    Chilton Investment Company LLC,
General Partner
	 
	
    
    By:

    	 	
    /s/ Norman B. Champ III	 	
    By:	 	
    /s/ Norman B. Champ III
	 	 	 	 	 	 	 
	 	 	
    Name: Norman B. Champ III	 	 	 	
    Name: Norman B. Champ III
	 	 	
    Title: Executive Vice President	 	 	 	
    Title: Executive Vice President
	 
	
    CHILTON INTERNATIONAL, L.P.	 	
    CHILTON INVESTMENT PARTNERS,
L.P.
	 
	
    
    By:

    	 	
    Chilton Investment Company LLC,
General Partner	 	
    By:	 	
    Chilton Investment Company LLC,
General Partner
	 
	
    
    By:

    	 	
    /s/ Norman B. Champ III	 	
    By:	 	
    /s/ Norman B. Champ III
	 	 	 	 	 	 	 
	 	 	
    Name: Norman B. Champ III	 	 	 	
    Name: Norman B. Champ III
	 	 	
    Title: Executive Vice President	 	 	 	
    Title: Executive Vice President

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	
    CHILTON OPPORTUNITY TRUST, L.P.	 	
    CHILTON GLOBAL PARTNERS, L.P.
	 
	
    
    By:

    	 	
    Chilton Investment Company LLC,
General Partner	 	
    By:	 	
    Chilton Investment Company LLC,
General Partner
	 
	
    
    By:

    	 	
    /s/ Norman B. Champ III	 	
    By:	 	
    /s/ Norman B. Champ III
	 	 	 	 	 	 	 
	 	 	
    Name: Norman B. Champ III	 	 	 	
    Name: Norman B. Champ III
	 	 	
    Title: Executive Vice President	 	 	 	
    Title: Executive Vice President
	 
	
    CHILTON OPPORTUNITY
INTERNATIONAL, L.P.	 	 	 	 
	 
	
    
    By:

    	 	
    Chilton Investment Company LLC,
General Partner	 	 	 	 
	 
	
    
    By:

    	 	
    /s/ Norman B. Champ III	 	 	 	 
	 	 	 	 	 	 	 
	 	 	
    Name: Norman B. Champ III	 	 	 	 
	 	 	
    Title: Executive Vice President	 	 	 	 

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	 	 	
    FIDUCIARY TRUST INTERNATIONAL 

COMPANY, custodian for
    PAUL J. 

ISAAC
	 
	 	 	 	 	
    By:	 	
    /s/ Pamela D. Taitt
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name:Pamela D. Taitt
	 	 	 	 	 	 	
    Title: Assistant Vice President

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	 	 	
    ARBITER PARTNERS LP, by its general 

partner, BROKEN CLOCK
    

MANAGEMENT LLC
	 
	 	 	 	 	
    By:	 	
    /s/ Paul J. Isaac
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name: Paul J. Isaac
	 	 	 	 	 	 	
    Title: Managing Director

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	 	 	
    AMBER MASTER FUND (CAYMAN) 

SPC, on behalf of SEGREGATED
    

PORTFOLIO X and SECREGATED 

PORTFOLIO Y
	 
	 	 	 	 	
    By:	 	
    /s/ Michael Brogard
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name: Michael Brogard
	 	 	 	 	 	 	
    Title: Director

[This is a counterparty page to the Registration Rights
Agreement.]

 

	 	 	 	 	 	 	 
	 	 	 	 	
    CHEYNE SPECIAL SITUATIONS 

INVESTMENTS S.a.r.l.
	 
	 	 	 	 	
    By:	 	
    /s/ D. Hendry
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
    Name:D. Hendry
	 	 	 	 	 	 	
    Title: Director

[This is a counterparty page to the Registration Rights
Agreement.]

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