SEC Contract Filing

Filing Date: 2015-02-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>4
<FILENAME>ex109-amendmenttowilsonemp.htm
<DESCRIPTION>EXHIBIT 10.9
<TEXT>
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<a name="sEC5E74F15078CA341EE77B1E9A04C6D7"></a><div></div><br><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">AMENDMENT TO</font></div><div style="line-height:120%;padding-bottom:24px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">AMENDED AND RESTATED EMPLOYMENT AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Amendment to Amended and Restated Employment Agreement (the &#8220;Amendment&#8221;), by and between Magellan Petroleum Corporation, a Delaware corporation (the &#8220;Company&#8221;), and J. Thomas Wilson (the &#8220;Executive&#8221;), is entered into effective as of October 31, 2014 (the &#8220;Effective Date&#8221;), and amends that certain Amended and Restated Employment Agreement, effective as of the Effective Date (the &#8220;Agreement&#8221;), entered into by the Company and Mr. Wilson on December 3, 2014. Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Agreement provides in Section 3.1(a) that as of the Effective Date the Company shall pay the Executive an annual base salary of Three Hundred Ninety-Nine Thousand Six Hundred Dollars ($399,600.00); and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Parties wish to amend the Agreement to reflect the intent of the Parties that the Executive&#8217;s annual base salary be Three Hundred Thousand Dollars ($300,000.00), and that the Company shall also provide the Executive with an annual personal car allowance benefit of Nine Thousand Six Hundred Dollars ($9,600.00);</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree to amend, effective as of the Effective Date, the Agreement as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:left;"><font style="padding-bottom:16px;text-align:left;font-family:inherit;font-size:12pt;color:#010000;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Salary</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#010000;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Section 3.1(a) of the Agreement is hereby amended to revise the first sentence thereof to read as follows:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">As of the Effective Date, the Company shall pay the Executive an annual base salary of Three Hundred Thousand Dollars ($300,000.00). </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#010000;">2.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Benefit Programs</font><font style="font-family:inherit;font-size:12pt;">. Section 3.3 of the Agreement is hereby amended to add the following sentence to the end of Section 3.3:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">In addition, the Company shall provide the Executive with an annual personal car allowance benefit of Nine Thousand Six Hundred Dollars ($9,600.00).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#010000;">3.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Miscellaneous</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#010000;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Continuing Validity</font><font style="font-family:inherit;font-size:12pt;">. All other provisions of the Agreement shall remain in full force and effect. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color: