Document:

EX-10.8

 Exhibit 10.8 

AMENDMENT TO SAMSON RESOURCES 

SPECIAL AGREEMENT WITH [OFFICER NAME] OF [YEAR] 

THIS AMENDMENT TO THE SAMSON RESOURCES SPECIAL AGREEMENT WITH [OFFICER NAME] OF [YEAR] (“Amendment”) is entered into
effective as of November 14, 2014 (the “Effective Date”) by and between Samson Resources Company (the “Company”), and [OFFICER NAME] (the “Executive”). 

WHEREAS, the Company and Executive have previously entered into that certain Samson Resources Special Agreement with [OFFICER NAME] of [YEAR]
(the “Special Agreement”); 
 WHEREAS, on August 29, 2014, the Compensation Committee of the Board of Directors of
Samson Resources Corporation (the “Committee”) approved Officer Retention Agreements to be executed with officers of the Company, including Executive, conditioned upon Executive’s agreement to waive any right to receive any
payments or benefits under a special or employment agreement in connection with a voluntary termination of employment by Executive on or prior to September 1, 2015, except in the case of a Change of Control; 

WHEREAS, on August 29, 2014, the Committee further approved the amendment of the definition of “Change of Control” contained in
the Special Agreement to be effective September 1, 2015; 
 WHEREAS, Executive desires to be eligible for certain payments and benefits
pursuant to the terms and conditions of an Officer Retention Agreement; 
 WHEREAS, the Company and Executive desire to amend the Special
Agreement such that a “Severance” under the Special Agreement shall not include a voluntary termination by the Executive of his employment with the Company for “Good Reason” from the Effective Date through and including
September 1, 2015, except in the case of a “Change of Control;” and 
 WHEREAS, the Company and Executive desire to amend the
Special Agreement with respect to the definition of “Change of Control,” to be effective September 1, 2015. 
 NOW,
THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree that the Special Agreement is hereby amended as follows: 

1. Effective September 1, 2015, Paragraph III(3) (on page 3) of the Special Agreement shall be amended in its entirety to read as
follows: 
 “Change of Control” shall mean (i) the sale of all or substantially all of the assets
(i.e., at least 80%) (in one transaction or a series of related transactions) of Samson Resources Corporation (“SRC”), a corporation controlled by affiliates of Kohlberg Kravis Roberts & Co. L.P., Itochu Corporation, NGP
Energy Capital Management L.L.C. and Crestview Partner L.P. (together, the “Sponsors”) or Samson Investment Company (“SIC”), as applicable, which, based on transactions consummated as of September 1, 2015, are
held by SRC, SIC or any 

 
of their respective Subsidiaries or any entity that is controlled by SRC or SIC and are not as of such date contemplated for sale, to any Person (or group of Persons acting in concert), other
than to the Sponsors or their affiliates; or (ii) a merger, recapitalization or other sale (in one transaction or a series of related transactions) by SRC, the Sponsors or any of their respective affiliates (which includes, for the avoidance of
doubt, SIC), to a Person (or group of Persons acting in concert) of equity interests or voting power that results in any Person (or group of Persons acting in concert) (other than the Sponsors or their affiliates) owning more than 50% of the equity
interests or voting power of SRC or SIC, as applicable (or any resulting company after a merger). For purposes of determining if an asset is sold under clause (i) above, the sale of primary equity securities in a direct or indirect subsidiary
of SRC or SIC to the public or a third party shall not be deemed to be an asset sale; provided, however, that a sale of secondary equity securities in any such subsidiary shall be considered an asset sale to the extent of such sale. For the
avoidance of doubt, none of an initial public offering, stock dividend, stock split or any other similar corporate event shall alone constitute a Change of Control. 

2. Effective as of the Effective Date, Paragraph III(11) of the Special Agreement shall be amended in its entirety to read as follows: 

11. “Severance” shall mean either: (a) the involuntary termination of Executive’s employment by
Samson other than for Cause, or (b) a voluntary termination of Executive’s employment with Samson for Good Reason in connection with a Change of Control (as provided in Section II). Notwithstanding
items (a) and (b) above, the following shall not be considered a Severance: (i) Executive’s voluntary termination of employment with Samson for Good Reason on or prior to September 1, 2015,
except in the case of a Change of Control; (ii) Executive’s refusal, without Good Reason, of an offer to transfer to a comparable position within Samson or a business entity controlled by the purchaser or
purchasers of Samson Resources Corporation in conjunction with a Change of Control or (iii) Executive’s death or total disability. 

All capitalized terms used in this Amendment shall have the same meaning ascribed to them in the Special Agreement unless specifically denoted
otherwise. Except as specifically amended, as set forth herein, the terms and provisions of the Special Agreement remain unchanged. 

[signature pages follow] 

 
	
	
	   

	 Randy L. Limbacher
 Chief Executive
Officer
 Samson Resources Company

	
	Accepted and agreed to by:
	
	   

	[OFFICER NAME]
	
	   

	[ADDRESS]
	
	   

	[ADDRESS]
	             day of             , 2014Exhibit 10.1

 

 

Comprehensive Credit Line Contract 

 

Reference No. : 2014zhenzhongyinbuexiezi
No.0000716

 

Party A: Springpower Technology (Shenzhen) Co.,
Ltd

Business License: 440306503295562

Legal Representative: Dangyu Pan

Address: Factory A, Chaoshun Industrial Zone, Renmin Road, Fumin
Residential Area, Guanlan, BaoAn District,

Postal code: 518000

Deposit A/C and financial institutions: 764057938815/
Bank of China, Pinghu Sub-branch, Shenzhen,

Telephone: 2802 9923; Facsimile: 2802 9923

 

Party B: Bank of China, Buji Sub-branch.

Legal Representative: Yanshan Li

Address: 108, Buji Road, Buji Town, Longgang
District, Shenzhen;

Postal code: 518112

Telephone: 2827 4825; Facsimile: 2827 0847

 

The parties agree as follow.

 

Clause 1 Scope of Business

 

Satisfied by condition precedent defined in
this contract, Party A is allowed to apply for recurring, temporary or one-off credit line from Party B in the form of a short-term
loan, deposit account overdraft, bank acceptance, trade finance, bank guarantee, or other monetary financing or credit authorization
business (“Specific credit line business”).

The trade finance business under this contract
is included and limited to: international letter of credit, domestic letter of credit, import bill advance, shipping guarantee,
packing credit, export bill purchase, export bill discount, import bill advance under LC, negotiation credit and other international
and domestic trade finance business.

The bank guarantee business under this contract
is including bank guarantee, standby letter of credit and all sorts of bank guarantee business.

 

Clause 2 Types and amount of credit line

 

Party B agrees to offer the following:

Currency in: Renminbi

	Amount:	Renmibi Sixty million
	 	RMB  60,000,000.00
	Types:	1. Loans : RMB30,000,000.00
	 	2. Bank Acceptances: RMB30,000,000.00

 

    	 

    	 

    

 

Clause 3 Usage of credit lines

 

	 	1.	Within the credit line period, under the agreed upper limits on each type of credit line, Party A can use the credit line recurrently. If Party A needs to apply for the one-off credit line, a written application is required. And both parties should agree that Party B has the final say on whether and how the one-off credit line will be granted. Party B will notify Party A in written once the decision is made.

 

	 	2.	This contract will override all the credit line contracts previously signed by Party A and Party B. Upon the effective date of this contract, all the used and unused credit lines prior to this contract will be considered as used and unused credit lines under this contract

 

	 	3.	Unless otherwise agreed, the following business will not occupy the credit line under this contract.

 

	 	1)	Export bill purchase business with precisely matched bills, documents and certificates

 

	 	2)	Outwards letters of credit, bank guarantee and trade finance business which Party B agreed to act as confirming bank.

 

	 	3)	Any credit line business which guaranteed by Party A by deposits, government bonds, deposit certificates issued by Party B, bank acceptance, guarantee or standby letters of credit accepted by Party B

 

	 	4)	Any other business agreed by both parties.

The above defined businesses, although
they will not occupy the credit limits under this contract, they will still be considered as inseparable part of the contract.

 

Clause 4 Application of specific credit
line business

 

Written applications or separate contracts
are required from Party A to apply for a specific credit line.

 

Clause 5 Period

 

The credit line defined in clause 2 under
this contract will be started from the effective date and end on Jul 23th 2015.

Upon negotiation, both parties can extend
the contract period by signing supplementary contracts. Party B will continue to provide credit lines under supplementary contracts.
All terms and conditions under this contract have the equivalent legal effects and restrictions on the supplementary contracts.

The termination of a specific credit line
will only occur when all the rights and obligations are fulfilled. The above period has no limitation on specific credit line under
this contract.

  

    	 

    	 

    

 

Clause 6 Condition Precedents of specific
credit line business

 

Party A should fulfill the following conditions
precedent before applying for a specific credit line business

	 	1)	File the necessary documents, stamps and signatures in Party B in relating to this contract and all the specific credit line contract under this contracts;

 

	 	2)	Open the necessary bank account;

 

	 	3)	Make sure the required guarantee contracts are properly in place;

 

	 	4)	Other conditions precedent required for specific credit line contracts;

 

	 	5)	Other conditions precedent required by Party B.

 

Clause 7 Guaranty

 

For all the liabilities occurred under this
contract and the specific credit line contract affiliated to this contract should be guaranteed by the following:

Maximum Amount Guarantee provided by:

	1)	Shenzhen Highpower Technology Co. Ltd, a guarantee contract is signed separately;

	2)	Huizhou Highpower Technology Co. Ltd,
a guarantee contract is signed separately;

	3)	Dangyu Pan, a guarantee contract is signed
separately;

	4)	Wenliang Li, a guarantee contract is signed
separately

 

Collateral on the Maximum Amount

	 	1)	The collateral is provided by Ganzhou Highpower Technology Co. Ltd, a collateral contract is signed separately;

Under certain circumstances that Party A or
the Guarantor might be unable to fulfill or make Party B believe they are unable to fulfill the contractual capacity, e.g: Guarantee
Contracts are invalid, Party A is or will be under significant business difficulties or risks: deteriorated financials, litigation
issues which might affect its repayment ability, Guarantors were found default in other contracts with Party B, devaluation, dismissal
or damage of collaterals which might cause the value of the collaterals slaked or losses. Party B reserves the right to and Party
A has the obligation to additional or replace the guarantor.

 

Clause 8 Statement and Commitment

 

	 	1.	Party A’s statement:

 

	 	1)	Party A is legally registered and operating, and owning the full civil rights required by this contract.

	 	2)	Signing and performing the contract is the true will of Party A, Party A has been granted all. necessary authorizations in effect before signing the contract. The contract does not form a default for other contracts signed and performed by Party A. It is Party A’s responsibility to complete all required approvals, registrations, permits and filings.

 

    	 

    	 

    

 

	 	3)	All documents and information provided by Party A to Party B are true, complete, accurate and effective.
	 	4)	All the transactions mentioned by Party A for apply specific credit line should be real and not for illegal purposes such as: money laundry.
	 	5)	No hidden events regarding Party A and guarantor’s financial and repayment abilities.

 

	 	2.	Party A’s commitment:

 

	 	1)	Timely delivery of the financial statements and other relevant information, (including but not limited to annual, quarterly and monthly financial reports.

 

	 	2)	Cooperate in Party B’s exam and inspection on the utilization of the loan as well as Party A’s financials and operations.

 

	 	3)	Any counter-guarantee agreement between the guarantors and Party A will not affect the Party B’s underlying rights under this contract.

 

	 	4)	Under circumstances Party A or Guarantor’s capability of performing the contract might be affected, Party A should notify Party B in time. Those circumstances include but are not limited to significant organizational changes, e.g. business splitting, merger and termination, disposal of major assets, restructuring, reorganization, joint venture arrangement with foreign capitals, changing of controlling shareholders or de facto control of Party A, capital reduction, liquidation, re-pledge of the encumbered assets, withdrawal, bankruptcy, dissolution and involvement in significant lawsuits.

 

	 	5)	As for undefined business practice, Party A is committed to follow Party B’s regulation and normal practice in daily operation.

 

	 	6)	Party A committed not to distribute bonus during the credit period.

 

	 	7)	Agreed by both parties, for the purpose to ensure the Party B’s claims on credit funds and Party B’s convenience to monitoring the repayment progress, Party A should guarantee the proportion of sales fund received in Party A’s account opened with Party B over Party A’s total sales should be matching to the proportion of Party A’s credit line received from Party B over Party A’s total credit line received from financial institution.
	 	8)	At any time, credit balance does not exceed 10 million.

 

    	 

    	 

    

 

Clause 9 Related party and related party
transaction of Party A

 

Party A is not defined as Group Credit Customer
by Party B in accordance with “Guidance of Risk Management by Commercial Banks for Granting Credit to Customer Groups”

 

Clause 10 Breach of Covenants

 

Any of the following situations would be considered
as breach of contract covenant:

	 	1.	Party A does not perform the repayment obligation under this contract or the affiliated specific credit line contracts.

 

	 	2.	Party A does not use the credit funds according to agreed purposes.

 

	 	3.	Party A’s statement in this contract or the affiliated specific contracts are untrue or in violation with Party A’s commitment in this or the affiliated specific contracts.
	 	4.	Under the circumstance defined in 2.4) in Clause 8, Party A refused to provide additional guarantee or replacement of new guarantor.
	 	5.	Party B is or will be under significant business difficulties or risks: deteriorated financials, significant financial losses and loss of assets (including but not limited asset losses for fulfill guarantee obligations) or other financial crisis.
	 	6.	Party A is in violation with other rights and obligations agreed in this contract.
	 	7.	Party A breaches the covenants on other credit line contracts with Party B or other affiliated institutions of Bank of China.
	 	8.	Guarantors breach the covenants on other credit line contracts with Party B or other affiliated institutions of Bank of China.

 

 

When any of the above mentioned
situations noticed, Party B will perform the following in separate or all at the same time:

	 	1)	Request Party A or Guarantor to rectify within a definite time.

 

	 	2)	Reduce, temporarily pause or permanently terminate Party A’s Credit limit in part or in all.

 

	 	3)	Temporarily pause or permanently terminate in part or in all of Party A’s application on specific credit line under this contract.

 

	 	4)	Announce the immediate expiration on all the credit lines granted under this contract and affiliated specific credit line contracts.

 

	 	5)	Terminate or release this contract, terminate or release in part or in all of the affiliated specific credit line contracts as well as the other contracts signed between Party A and Party B.

 

	 	6)	Request compensation from Party A on the losses thereafter caused.

 

    	 

    	 

    

 

	 	7)	Party A’s deposit account in Party B will be hold in custody for debt pay off for the comprehensive credit line and specific credit line under this contract. All the undue liabilities were deeming due and entitled the immediate payoff from Party A’s restricted accounts. If the currency in deposit account is different from the currency of the liabilities, the exchange rate on the date of the hold in custody will be applied.

 

	 	8)	Real rights granted by way of security will be executed.

 

	 	9)	Assume the guarantee responsibility on Guarantors.

 

	 	10)	Other necessary procedures on Party B’s concern.

 

Clause 11 Rights reserved

 

Either party might reserve part of or all
of the rights under this contract and the affiliated specific credit line contracts, this does not imply the party has surrendered
or remitted the unperformed rights and obligations.

 

Either party might sometimes tolerate, extend
or delay the execution of certain rights, this does not deem as the party has surrendered or remitted the rights.

  

Clause 12 Change, Modification, Termination
and Partial invalidity

 

Upon negotiation and agreement by both parties,
this contract can be changed and modified, the written record of the changes and modifications should form the inseparable part
of this contract.

 

Unless ruled by law or both parties formed
a separate agreement, the contract would not be terminated prior to all the rights and obligations defined are fulfilled.

 

Unless ruled by law or both parties formed
a separate agreement, the void of single terms under this contract should no invalid other contract under this contract.

 

Clause 13 Applicable Law and Resolution
for Dispute 

 

	 	1.	This contract is entered into according with the People’s Republic of China, and applicable to the law of the People’s Republic of China.

 

	 	2.	The resolution of dispute should be appealed in Party B or other Bank of China subsidiaries defined in this contract or other affiliated contracts.

 

    	 

    	 

    

  

Clause 14 Attachments 

 

Below attachments are agreed by both parties,
formed an inseparable part of this contract, thereafter in the same legal position as this contract.

Attachment 1: Appendix terms.

 

Clause 15 Other terms and conditions

 

	 	1.	Without Party B’s prior written approval, Party A is not allowed to transfer the rights and obligations under this contract to any 3rd Party.

 

	 	2.	Party A should give the consent that Party B might somehow authorize other affiliated institutions of Bank of China to perform the obligation. The performing party is entitled to all the rights and obligations under this contract and the affiliated credit line contracts, the performing party reserves the rights to appeal a resolution of dispute if necessary. 

 

	 	3.	The contract has equivalent restrictions to the successors or inherits of both parties.

 

	 	4.	Unless otherwise agreed, the domicile addresses stated in this contract are for corresponding use; both parties should notify each other in writing if there is any change of its domicile addresses.

 

	 	5.	The title and name of business product are for business purposes, will not used for interpretation of the contract terms and the rights and obligations.

 

	 	6.	If required by the governing institutions, Party B might not be able to perform the obligations agreed in this contract. Party B is exempted from punishment under this circumstance.

 

Clause 16 Effectiveness of the contract

 

This contract is established and comes into
effect upon signing or sealing by the legal representatives (or person-in-charge) of Party A and Party B or their duly authorized
agents, together with sealing by the company chop.

 

This contract will be printed and signed in
seven copies, Party A and the guarantors hold one copy each, Party B holds three copies, collateral registry authority holds one
copy, each copy has the same legal effect.

 

/s/ Dangyu Pan

Stamp of Party A

Signature of director or authorized
representative

Jul 23, 2014

 

/s/ [COMPANY SEAL]

Stamp of Party B

Signature of legal representative or authorized
representative

Jul 23, 2014

 

    	 

    	 

    

 

Attachment 1:

If there are discrepancies in contents
in the attachment with this contract, this contract should prevail.

Specific to the 2nd paragraph of
Clause 3: “This contract will override all the credit line contracts previously signed by Party A and Party B. Upon
the effective date of this contract, all the used and unused credit lines prior to this contract will be considered as used and
unused credit lines under this contract”.

In preceding clause, “all the credit
line contracts previously signed” refers to “Comprehensive Credit Line Contract” 2013zhenzhongyinbuexiezi No.
00000132.

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