<SEC-DOCUMENT>0000894627-15-000065.txt : 20151223
<SEC-HEADER>0000894627-15-000065.hdr.sgml : 20151223
<ACCEPTANCE-DATETIME>20151223135938
ACCESSION NUMBER:		0000894627-15-000065
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20151223
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Material Modifications to Rights of Security Holders
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20151223
DATE AS OF CHANGE:		20151223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VAALCO ENERGY INC /DE/
		CENTRAL INDEX KEY:			0000894627
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				760274813
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32167
		FILM NUMBER:		151305253

	BUSINESS ADDRESS:	
		STREET 1:		9800 RICHMOND AVE.
		STREET 2:		SUITE 700
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77042
		BUSINESS PHONE:		713-499-1465

	MAIL ADDRESS:	
		STREET 1:		9800 RICHMOND AVE.
		STREET 2:		SUITE 700
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77042
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>egy-20151223x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			8-K
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			<a name="_GoBack"></a><font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-weight:bold;font-size:18pt;">UNITED STATES </font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 18pt">
			<font style="display: inline;font-weight:bold;font-size:18pt;">SECURITIES AND EXCHANGE COMMISSION </font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">Washington, D.C. 20549 </font>
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		<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 18pt">
			<font style="display: inline;font-weight:bold;font-size:18pt;">FORM 8-K </font><font style="display: inline;">&nbsp;</font>
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		<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">CURRENT REPORT </font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">Pursuant to Section&nbsp;13 or 15(d) </font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">of the Securities Exchange Act of 1934 </font>
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		<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">Date of Report (Date of earliest event reported):</font><font style="display: inline;font-weight:bold;">&nbsp;</font><font style="display: inline;font-weight:bold;">December </font><font style="display: inline;font-weight:bold;">22</font><font style="display: inline;font-weight:bold;">, 2015</font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 24pt">
			<font style="display: inline;font-weight:bold;font-size:24pt;">VAALCO Energy, Inc.</font><font style="display: inline;font-weight:bold;font-size:24pt;">&nbsp;</font>
		</p>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">(Exact name of registrant as specified in its charter) </font>
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						&nbsp;</p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;font-weight:bold;">Delaware</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;font-size:8pt;">001-32167</font></p>
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						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;font-size:8pt;">76-0274813</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;font-size:8pt;">(State or other jurisdiction</font></p>
					<p style="margin:0pt 0pt 1pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;font-size:8pt;">of incorporation)</font></p>
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						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;font-size:8pt;">(Commission</font></p>
					<p style="margin:0pt 0pt 1pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;font-size:8pt;">File Number)</font></p>
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						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;font-size:8pt;">(IRS Employer</font></p>
					<p style="margin:0pt 0pt 1pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;font-size:8pt;">Identification No.)</font></p>
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						<font style="display: inline;">&nbsp;</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt 0pt 1pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">9800 Richmond Avenue, Suite 700</font></p>
					<p style="margin:0pt 0pt 1pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Houston, Texas</font></p>
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						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;font-size:8pt;">77042</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;font-size:8pt;">(Address of principal executive offices)</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;font-size:8pt;">(Zip Code)</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Registrant&#x2019;s telephone number, including area code: (</font><font style="display: inline;font-weight:bold;font-size:10pt;">713</font><font style="display: inline;font-weight:bold;font-size:10pt;">)&nbsp;</font><font style="display: inline;font-weight:bold;font-size:10pt;">623-0801</font><font style="display: inline;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:6pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Not Applicable </font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
			<font style="display: inline;font-weight:bold;font-size:8pt;">(Former Name or former address if changed since last report.) </font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt 0pt 2pt;border-bottom:1pt solid #000000 ;line-height:normal;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:12pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 6pt">
			<font style="display: inline;">&nbsp;</font>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#x2610;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></p>
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			<font style="display: inline;">&nbsp;</font>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></p>
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			<font style="display: inline;">&nbsp;</font>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></p>
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			<font style="display: inline;">&nbsp;</font>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></p>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 8pt">
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item&nbsp;1.01 Entry into a</font><font style="display: inline;font-weight:bold;font-size:10pt;"> Material Definitive Agreement.</font>
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		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Settlement Agreement</font>
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		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On </font><font style="display: inline;font-size:10pt;">December</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">22</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">2015</font><font style="display: inline;font-size:10pt;">,&nbsp;</font><font style="display: inline;font-size:10pt;">VAALCO Energy, Inc.</font><font style="display: inline;font-size:10pt;">, a Delaware corporation</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">(the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Company</font><font style="display: inline;font-size:10pt;">&#x201D;)</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> entered into a settlement agreement (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Settlement</font><font style="display: inline;font-size:10pt;text-decoration:underline;">&nbsp;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Agreement</font><font style="display: inline;font-size:10pt;">&#x201D;) with </font><font style="display: inline;font-size:10pt;">Group 42, Inc., </font><font style="display: inline;font-size:10pt;">a Delaware corporation, </font><font style="display: inline;font-size:10pt;">Paul A. Bell, Michael Keane</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">(collectively</font><font style="display: inline;font-size:10pt;">, &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Group 42</font><font style="display: inline;font-size:10pt;">&#x201D;), and </font><font style="display: inline;font-size:10pt;">BLR Partners LP, a Texas limited partnership, BLRPart, LP, a Texas limited partnership, BLRGP Inc., a Texas corporation, Fondren Management, LP, a Texas limited partnership, FMLP Inc., a Texas corporation, </font><font style="display: inline;font-size:10pt;">The Radoff Family Foundation, a Texas non-profit corporation </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">Bradley L. Radoff</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">(collectively, the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">BLR Group</font><font style="display: inline;font-size:10pt;">&#x201D; and, together with Group 42, </font><font style="display: inline;font-size:10pt;">the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Group 42-BLR </font><font style="display: inline;font-size:10pt;text-decoration:underline;">Group</font><font style="display: inline;font-size:10pt;">&#x201D;)</font><font style="display: inline;font-size:10pt;">.&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">Under the terms of the </font><font style="display: inline;font-size:10pt;">Settlement</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">Agreement, </font><font style="display: inline;font-size:10pt;">the </font><font style="display: inline;font-size:10pt;">Group </font><font style="display: inline;font-size:10pt;">42</font><font style="display: inline;font-size:10pt;">-</font><font style="display: inline;font-size:10pt;">BLR</font><font style="display: inline;font-size:10pt;"> Group </font><font style="display: inline;font-size:10pt;">agreed to withdraw </font><font style="display: inline;font-size:10pt;">its</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">consent solicitation </font><font style="display: inline;font-size:10pt;">to remove a majority of the </font><font style="display: inline;font-size:10pt;">Company&#x2019;s </font><font style="display: inline;font-size:10pt;">Board </font><font style="display: inline;font-size:10pt;">of Directors (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Board</font><font style="display: inline;font-size:10pt;">&#x201D;)</font><font style="display: inline;font-size:10pt;">.</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">In accordance with the Settlement Agreement</font><font style="display: inline;font-size:10pt;"> and</font><font style="display: inline;font-size:10pt;"> effective</font><font style="display: inline;font-size:10pt;"> upon the execution of the Settlement Agreement,</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">James B. Jennings and O. Donaldson Chapoton</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">retired</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">from</font><font style="display: inline;font-size:10pt;"> the Board</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">the Board </font><font style="display: inline;font-size:10pt;">appoint</font><font style="display: inline;font-size:10pt;">ed</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">Mr. Keane</font><font style="display: inline;font-size:10pt;"> of the </font><font style="display: inline;font-size:10pt;">Group 42-BLR </font><font style="display: inline;font-size:10pt;">Group to the Board</font><font style="display: inline;font-size:10pt;"> as the designee of the Group 42-BLR Group</font><font style="display: inline;font-size:10pt;">.</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">Under the Settlement Agreement, Mr. Keane will also be appointed to each of the Nominating and Corporate Governance Committee and the Compensation Committee. </font><font style="display: inline;font-size:10pt;">In </font><font style="display: inline;font-size:10pt;">the </font><font style="display: inline;font-size:10pt;">event Mr.</font><font style="display: inline;font-size:10pt;"> Keane ceases to be a director, t</font><font style="display: inline;font-size:10pt;">he </font><font style="display: inline;font-size:10pt;">Group 42-BLR Group </font><font style="display: inline;font-size:10pt;">has the right to designate a replacement director </font><font style="display: inline;font-size:10pt;">to be approved by</font><font style="display: inline;font-size:10pt;"> the Board and </font><font style="display: inline;font-size:10pt;">its </font><font style="display: inline;font-size:10pt;">Nominating and Corporate Governa</font><font style="display: inline;font-size:10pt;">nce Committee</font><font style="display: inline;font-size:10pt;">; &nbsp;</font><font style="display: inline;font-size:10pt;">provided</font><font style="display: inline;font-size:10pt;">, however, </font><font style="display: inline;font-size:10pt;">that </font><font style="display: inline;font-size:10pt;">i</font><font style="display: inline;font-size:10pt;">f the ownership of the </font><font style="display: inline;font-size:10pt;">Group 42-BLR </font><font style="display: inline;font-size:10pt;">Group </font><font style="display: inline;font-size:10pt;">falls below 5%</font><font style="display: inline;font-size:10pt;"> or the Settlement Agreement is terminated</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">Mr. Keane or </font><font style="display: inline;font-size:10pt;">any such</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">replace</font><font style="display: inline;font-size:10pt;">ment designee of the Group 42-BL</font><font style="display: inline;font-size:10pt;">R</font><font style="display: inline;font-size:10pt;"> Group</font><font style="display: inline;font-size:10pt;"> will immediately resign from the Board</font><font style="display: inline;font-size:10pt;">. &nbsp;</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">In the Settlement Agreement, the </font><font style="display: inline;font-size:10pt;">Board </font><font style="display: inline;font-size:10pt;">further agreed to </font><font style="display: inline;font-size:10pt;">nominate </font><font style="display: inline;font-size:10pt;">an independent</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">mutual</font><font style="display: inline;font-size:10pt;">l</font><font style="display: inline;font-size:10pt;">y agreed</font><font style="display: inline;font-size:10pt;">-upon</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">designee (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Mutual</font><font style="display: inline;font-size:10pt;text-decoration:underline;">&nbsp;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Designee</font><font style="display: inline;font-size:10pt;">&#x201D;) for election at the 2016 annual general meeting of stockholders (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">2016 Annual Meeting</font><font style="display: inline;font-size:10pt;">&#x201D;)</font><font style="display: inline;font-size:10pt;">. &nbsp;</font><font style="display: inline;font-size:10pt;">T</font><font style="display: inline;font-size:10pt;">he Board agreed to </font><font style="display: inline;font-size:10pt;">limit</font><font style="display: inline;font-size:10pt;"> the size of the Board </font><font style="display: inline;font-size:10pt;">to</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">no more than </font><font style="display: inline;font-size:10pt;">seven </font><font style="display: inline;font-size:10pt;">directors </font><font style="display: inline;font-size:10pt;">until the 2016 </font><font style="display: inline;font-size:10pt;">A</font><font style="display: inline;font-size:10pt;">nnual </font><font style="display: inline;font-size:10pt;">M</font><font style="display: inline;font-size:10pt;">eeting, at which time </font><font style="display: inline;font-size:10pt;">its</font><font style="display: inline;font-size:10pt;"> size </font><font style="display: inline;font-size:10pt;">can</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">increase to </font><font style="display: inline;font-size:10pt;">no more than </font><font style="display: inline;font-size:10pt;">eight</font><font style="display: inline;font-size:10pt;"> directors</font><font style="display: inline;font-size:10pt;">. &nbsp;</font><font style="display: inline;font-size:10pt;">Moreover, p</font><font style="display: inline;font-size:10pt;">ursuant to the </font><font style="display: inline;font-size:10pt;">Settlement Agreement</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">t</font><font style="display: inline;font-size:10pt;">he Board agreed to separate the </font><font style="display: inline;font-size:10pt;">roles of </font><font style="display: inline;font-size:10pt;">Chairman </font><font style="display: inline;font-size:10pt;">of the Board </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">Chief Executive Officer</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">with</font><font style="display: inline;font-size:10pt;"> Andrew Fawthrop</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">serving </font><font style="display: inline;font-size:10pt;">as </font><font style="display: inline;font-size:10pt;">the</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">new Chairman</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">of the Board</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">Mr. Keane </font><font style="display: inline;font-size:10pt;">as Vice Chairman</font><font style="display: inline;font-size:10pt;"> of the Board</font><font style="display: inline;font-size:10pt;">. &nbsp;</font><font style="display: inline;font-size:10pt;">Steven P. Guidry</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">remains a director and</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">the Company&#x2019;s Chief Executive Officer.</font>
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		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Until the termination of the Settlement Agreement</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">the Board </font><font style="display: inline;font-size:10pt;">agreed to </font><font style="display: inline;font-size:10pt;">nominate </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">recommend</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">Mr. Keane</font><font style="display: inline;font-size:10pt;"> &nbsp;(</font><font style="display: inline;font-size:10pt;">or </font><font style="display: inline;font-size:10pt;">any such</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">replacement</font><font style="display: inline;font-size:10pt;"> designee</font><font style="display: inline;font-size:10pt;">)</font><font style="display: inline;font-size:10pt;"> and the </font><font style="display: inline;font-size:10pt;">Mutual </font><font style="display: inline;font-size:10pt;">Designee for election to the Board at each stockholder meeting at which directors a</font><font style="display: inline;font-size:10pt;">re</font><font style="display: inline;font-size:10pt;"> being elected and use its reasonable best efforts to cause the election of both designees. </font><font style="display: inline;font-size:10pt;">In exchange,</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">the </font><font style="display: inline;font-size:10pt;">Group 42-BLR </font><font style="display: inline;font-size:10pt;">Group </font><font style="display: inline;font-size:10pt;">has agreed</font><font style="display: inline;font-size:10pt;"> to vote in favor of (i) the election of each director nominated by the Board, and (ii) in accordance with the Board&#x2019;s recommendations with respect to any other proposal to be submitted at a meeting of stockholders, unless </font><font style="display: inline;font-size:10pt;">Institutional Shareholder Services (&#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">ISS</font><font style="display: inline;font-size:10pt;">&#x201D;)</font><font style="display: inline;font-size:10pt;"> recommends otherwise, in which case the </font><font style="display: inline;font-size:10pt;">Group 42-BLR </font><font style="display: inline;font-size:10pt;">Group </font><font style="display: inline;font-size:10pt;">may v</font><font style="display: inline;font-size:10pt;">ote in accordance with ISS&#x2019; recommendations. </font><font style="display: inline;font-size:10pt;">The</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">Group 42-BLR </font><font style="display: inline;font-size:10pt;">Group</font><font style="display: inline;font-size:10pt;"> also</font><font style="display: inline;font-size:10pt;"> agree</font><font style="display: inline;font-size:10pt;">d</font><font style="display: inline;font-size:10pt;"> to customary standstill restrictions</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> except that Group 42 will be allowed to </font><font style="display: inline;font-size:10pt;">increase its share ownership</font><font style="display: inline;font-size:10pt;"> up to </font><font style="display: inline;font-size:10pt;">a total of </font><font style="display: inline;font-size:10pt;">6.5% and</font><font style="display: inline;font-size:10pt;"> the</font><font style="display: inline;font-size:10pt;"> BLR Group up to</font><font style="display: inline;font-size:10pt;"> a total of</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">8.5% of the Company&#x2019;s shares</font><font style="display: inline;font-size:10pt;">.</font>
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		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Pursuant to the Settlement Agreement, t</font><font style="display: inline;font-size:10pt;">he Company also </font><font style="display: inline;font-size:10pt;">agreed </font><font style="display: inline;font-size:10pt;">to reimburse the expenses of </font><font style="display: inline;font-size:10pt;">the </font><font style="display: inline;font-size:10pt;">Group 42-BLR Group </font><font style="display: inline;font-size:10pt;">associated with its consent solicitation and the execution and negotiation of the Settlement Agreement in an amount not to exceed </font><font style="display: inline;font-size:10pt;">$350,000. </font><font style="display: inline;font-size:10pt;">In addition, pursuant to the Settlement Agreement, the Company agreed to immediately terminate the Rights Agreement.</font>
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			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The Settlement Agreement </font><font style="display: inline;font-size:10pt;">may</font><font style="display: inline;font-size:10pt;"> be terminated by either side </font><font style="display: inline;font-size:10pt;">at any time following </font><font style="display: inline;font-size:10pt;">the date that is 30 days prior to the deadline for the submission of stockholder nominations for the </font><font style="display: inline;font-size:10pt;">Company&#x2019;s </font><font style="display: inline;font-size:10pt;">2017 annual </font><font style="display: inline;font-size:10pt;">general </font><font style="display: inline;font-size:10pt;">meeting of stockholders</font><font style="display: inline;font-size:10pt;">.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The above summary is qualified in its entirety by reference to the full text of the </font><font style="display: inline;font-size:10pt;">Settlement </font><font style="display: inline;font-size:10pt;">Agreement, </font><font style="display: inline;font-size:10pt;">a copy</font><font style="display: inline;font-size:10pt;"> of which </font><font style="display: inline;font-size:10pt;">is</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">attached herewith</font><font style="display: inline;font-size:10pt;"> as Exhibit 10.1 to this Current Report on Form 8-K</font><font style="display: inline;font-size:10pt;"> (this &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Form 8-K</font><font style="display: inline;font-size:10pt;">&#x201D;)</font><font style="display: inline;font-size:10pt;"> and incorporated herein by reference.</font>
		</p>
		<p style="margin:6pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:6pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Rights Agreement</font>
		</p>
		<p style="margin:6pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On December 22</font><font style="display: inline;font-size:10pt;">, 2015, </font><font style="display: inline;font-size:10pt;">the Company</font><font style="display: inline;font-size:10pt;"> entered into Amendment No. 1 (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Amendment</font><font style="display: inline;font-size:10pt;">&#x201D;) to the </font><font style="display: inline;font-size:10pt;">Rights Agreement</font><font style="display: inline;font-size:10pt;"> (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Rights Agreement</font><font style="display: inline;font-size:10pt;">&#x201D;)</font><font style="display: inline;font-size:10pt;">, dated as of </font><font style="display: inline;font-size:10pt;">September 26, 2015</font><font style="display: inline;font-size:10pt;">, between </font><font style="display: inline;font-size:10pt;">the Company</font><font style="display: inline;font-size:10pt;"> and </font><font style="display: inline;font-size:10pt;">Computershare Trust Company, N.A.</font>
		</p>
		<p style="margin:6pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The Amendment accelerates the expiration of the Company&#x2019;s preferred share purchase rights (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Rights</font><font style="display: inline;font-size:10pt;">&#x201D;) from 5:00 p.m., </font><font style="display: inline;font-size:10pt;">New York City</font><font style="display: inline;font-size:10pt;"> time, on </font><font style="display: inline;font-size:10pt;">September 25, 2016</font><font style="display: inline;font-size:10pt;"> to 5:00 p.m., </font><font style="display: inline;font-size:10pt;">New York City</font><font style="display: inline;font-size:10pt;"> time, on</font><font style="display: inline;font-size:10pt;"> December</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">2</font><font style="display: inline;font-size:10pt;">3</font><font style="display: inline;font-size:10pt;">, 2015</font><font style="display: inline;font-size:10pt;">, and has the effect of terminating the Rights Agreement on that date. At the time of the termination of the Rights Agreement, all of the Rights distributed to holders of the Company&#x2019;s common stock pursuant to the Rights Agreement will expire.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The </font><font style="display: inline;font-size:10pt;">foregoing</font><font style="display: inline;font-size:10pt;"> is a summary of the terms of the Amendment. The summary does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is attached </font><font style="display: inline;font-size:10pt;">herewith </font><font style="display: inline;font-size:10pt;">as Exhibit 4.1</font><font style="display: inline;font-size:10pt;"> to this </font><font style="display: inline;font-size:10pt;">Form 8-K</font><font style="display: inline;font-size:10pt;"> and incorporated herein by reference.</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item&nbsp;1.02 Termination of a Material Definitive Agreement. </font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;background-color: #FFFFFF;">The information set forth under Item&nbsp;1.01 is incorporated herein by reference.</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:18pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item&nbsp;3.03 Material Modification to Rights of Security Holders. </font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;background-color: #FFFFFF;">The information set forth under Item&nbsp;1.01 is incorporated herein by reference.</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item 5.02 </font><font style="display: inline;font-weight:bold;font-size:10pt;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font>
		</p>
		<p style="margin:6pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Resignation</font><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;"> of Directors </font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Pursuant to the </font><font style="display: inline;font-size:10pt;">Settlement</font><font style="display: inline;font-size:10pt;"> Agreement, </font><font style="display: inline;font-size:10pt;">Mr.</font><font style="display: inline;font-size:10pt;"> Jennings and </font><font style="display: inline;font-size:10pt;">Mr.</font><font style="display: inline;font-size:10pt;"> Chapoton </font><font style="display: inline;font-size:10pt;">retired </font><font style="display: inline;font-size:10pt;">as directors of the Company</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">effective </font><font style="display: inline;font-size:10pt;">upon the execution of the Settlement Agreement</font><font style="display: inline;font-size:10pt;">. &nbsp;</font><font style="display: inline;font-size:10pt;">Mr. Jennings previously served </font><font style="display: inline;font-size:10pt;">as the Company&#x2019;s Lead Director and </font><font style="display: inline;font-size:10pt;">on the Audit Committee</font><font style="display: inline;font-size:10pt;">, the Nominating and </font><font style="display: inline;font-size:10pt;">Corporate</font><font style="display: inline;font-size:10pt;"> Governance Committee</font><font style="display: inline;font-size:10pt;"> and the Compensation Committee while </font><font style="display: inline;font-size:10pt;">Mr. Chapoton </font><font style="display: inline;font-size:10pt;">served on </font><font style="display: inline;font-size:10pt;">Nominating and </font><font style="display: inline;font-size:10pt;">Corporate</font><font style="display: inline;font-size:10pt;"> Governance Committee, where he was Chairman, and </font><font style="display: inline;font-size:10pt;">the Audit Committee. </font><font style="display: inline;font-size:10pt;">The </font><font style="display: inline;font-size:10pt;">retirements</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">of Mr. Jennings</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">and Mr. Chapoton did not involve any disagreement with the Board, the Company or management on any matter relating the Company&#x2019;s operations, policies or practices.</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Mr. Jennings hold</font><font style="display: inline;font-size:10pt;">s</font><font style="display: inline;font-size:10pt;"> stock o</font><font style="display: inline;font-size:10pt;">ptions granted pursuant to the&nbsp;</font><font style="display: inline;font-size:10pt;">Company&#x2019;s 2012 Long Term Incentive Plan </font><font style="display: inline;font-size:10pt;">and Mr. Chapoton holds stock options granted pursuant to the Company&#x2019;s 2001 Stock Incentive Plan and 2003 Stock Incentive Plan</font><font style="display: inline;font-size:10pt;"> (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Stock Plans</font><font style="display: inline;font-size:10pt;">&#x201D;</font><font style="display: inline;font-size:10pt;"> or, individually</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> &nbsp;&#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Stock Plan</font><font style="display: inline;font-size:10pt;">&#x201D;</font><font style="display: inline;font-size:10pt;">). In </font><font style="display: inline;font-size:10pt;">connection with the</font><font style="display: inline;font-size:10pt;">ir </font><font style="display: inline;font-size:10pt;">retirements</font><font style="display: inline;font-size:10pt;">, the Board </font><font style="display: inline;font-size:10pt;">provided for</font><font style="display: inline;font-size:10pt;"> (i) a one-time payment of $32,500 to </font><font style="display: inline;font-size:10pt;">Mr. </font><font style="display: inline;font-size:10pt;">Jennings and a one-time payment of $27,500 to </font><font style="display: inline;font-size:10pt;">Mr.</font><font style="display: inline;font-size:10pt;"> Chapoton, </font><font style="display: inline;font-size:10pt;">representing the amounts of their respective cash retainers for the first and second quarters of 2016, and (ii) the extension of the expiration period of each of their respective vested stock options issued under the applicable Stock Plan held by </font><font style="display: inline;font-size:10pt;">Mr.</font><font style="display: inline;font-size:10pt;"> Jennings and </font><font style="display: inline;font-size:10pt;">Mr. </font><font style="display: inline;font-size:10pt;">Chapoton to be the earlier to occur of (A) the one-year anniversary o</font><font style="display: inline;font-size:10pt;">f the date of their resignation</font><font style="display: inline;font-size:10pt;">&nbsp;or (B) the 5-year anniversary of the date of grant</font><font style="display: inline;font-size:10pt;"> of the applicable stock option. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Appointment of Directors </font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Pursuant to the </font><font style="display: inline;font-size:10pt;">Settlement Agreement</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> on December 22</font><font style="display: inline;font-size:10pt;">, 2015, the Board </font><font style="display: inline;font-size:10pt;">appointed Mr. Keane</font><font style="display: inline;font-size:10pt;"> as </font><font style="display: inline;font-size:10pt;">the </font><font style="display: inline;font-size:10pt;">designee of the Group 42-BLR Group</font><font style="display: inline;font-size:10pt;"> to the Board </font><font style="display: inline;font-size:10pt;">to fill </font><font style="display: inline;font-size:10pt;">one of the</font><font style="display: inline;font-size:10pt;"> vacan</font><font style="display: inline;font-size:10pt;">cies created by the resignation</font><font style="display: inline;font-size:10pt;"> of Mr. Jennings and Mr. Chapoton</font><font style="display: inline;font-size:10pt;">. Mr. Keane will serve as </font><font style="display: inline;font-size:10pt;">as</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">Vice Chairman</font><font style="display: inline;font-size:10pt;"> of the Board and</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">a member of </font><font style="display: inline;font-size:10pt;">each </font><font style="display: inline;font-size:10pt;">of </font><font style="display: inline;font-size:10pt;">the</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">Nominating and Corporate Governance Committee</font><font style="display: inline;font-size:10pt;"> and the Compenstion Committee</font><font style="display: inline;font-size:10pt;">. &nbsp;</font><font style="display: inline;font-size:10pt;">The Board determined that Mr. Keane satisfies the requirements pertaining to director independence under the applicable provisions of federal securities laws and the rules of the New York Stock Exchange.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;">Mr. Keane </font><font style="display: inline;font-size:10pt;">does not have</font><font style="display: inline;font-size:10pt;"> any famil</font><font style="display: inline;font-size:10pt;">ial</font><font style="display: inline;font-size:10pt;"> relationships with any of the Company&#x2019;s directors or executive officers, and </font><font style="display: inline;font-size:10pt;">Mr. Keane </font><font style="display: inline;font-size:10pt;">is</font><font style="display: inline;font-size:10pt;"> not a</font><font style="display: inline;font-size:10pt;"> party to</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">n</font><font style="display: inline;font-size:10pt;">or has a material interest in</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> any transactions of the type listed in Item 404(a) of Regulation S-K</font><font style="display: inline;font-family:TimesNewRomanPSMT;font-size:8pt;">.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The information set forth under Item 1.01 is incorporated into this Item 5.02 by reference.</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Chairman of </font><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">the </font><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Board</font><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;"> Appointment </font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:0pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">In accordance with the terms of the Settlement Agreement, Mr. Guidry, Chief Executive Officer</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">of the Company, resigned from </font><font style="display: inline;font-size:10pt;">his</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">position </font><font style="display: inline;font-size:10pt;">as</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">Chairman</font><font style="display: inline;font-size:10pt;"> of the Board</font><font style="display: inline;font-size:10pt;">. Mr. Guidry will continue to serve as Chief Executive Officer and director of the Company. The Board appointed </font><font style="display: inline;font-size:10pt;">incumbent director </font><font style="display: inline;font-size:10pt;">Mr.</font><font style="display: inline;font-size:10pt;"> Fawthrop as the Chairman</font><font style="display: inline;font-size:10pt;"> of the Board</font><font style="display: inline;font-size:10pt;">, effective immediately.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:0pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item&nbsp;5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. </font>
		</p>
		<p style="margin:6pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Amendment to Bylaws</font>
		</p>
		<p style="margin:6pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On December 22</font><font style="display: inline;font-size:10pt;">, 2015, the Board adopted and approved the First Amendment (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">First Amendment</font><font style="display: inline;font-size:10pt;">&#x201D;) to the </font><font style="display: inline;font-size:10pt;">Second Amended and Restated Bylaws of the Company, (as amended, the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Bylaws</font><font style="display: inline;font-size:10pt;">&#x201D;)</font><font style="display: inline;font-size:10pt;">. In order to accommodate the requirements of the Settlement Agreement, the First Amendment </font><font style="display: inline;color:#000000;font-size:10pt;">separated the offices of Vice Chairman and Chief Operating Officer</font><font style="display: inline;font-size:10pt;">.</font>
		</p>
		<p style="margin:6pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The </font><font style="display: inline;font-size:10pt;">foregoing</font><font style="display: inline;font-size:10pt;"> is a summary of the terms of the</font><font style="display: inline;font-size:10pt;"> First</font><font style="display: inline;font-size:10pt;"> Amendment. The summary does not purport to be complete and is qualified in its entirety by reference to the </font><font style="display: inline;font-size:10pt;">First </font><font style="display: inline;font-size:10pt;">Amendment, a copy of which is attached </font><font style="display: inline;font-size:10pt;">herewith </font><font style="display: inline;font-size:10pt;">as Exhibit 4.1 </font><font style="display: inline;font-size:10pt;">to this Form 8-K </font><font style="display: inline;font-size:10pt;">and incorporated herein by reference.</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Series A Junior Participating Preferred Stock</font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">In connection with the adoption of the Rights Agreement, </font><font style="display: inline;font-size:10pt;">on September 28, 2015</font><font style="display: inline;font-size:10pt;">, the Company filed a</font><font style="display: inline;font-size:10pt;"> Certificate of Designations of Series A Junior Participating Preferred Stock</font><font style="display: inline;font-size:10pt;"> with the Secretary of State of the State of Delaware setting forth the rights, powers and preferences of the Series A </font><font style="display: inline;font-size:10pt;">Junior </font><font style="display: inline;font-size:10pt;">Participating Preferred Stock issuable upon exercise of the Rights (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Preferred Shares</font><font style="display: inline;font-size:10pt;">&#x201D;).</font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Promptly following the expiration of the Rights and the termination of the Rights Agreement, the Company will file a Certificate of Elimination (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Certificate of Elimination</font><font style="display: inline;font-size:10pt;">&#x201D;) with the Secretary of State of the State of Delaware eliminating the Preferred Shares and returning them to authorized but undesignated shares of the Company&#x2019;s preferred stock.</font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The foregoing is a summary of the terms of the Certificate of Elimination. The summary does not purport to be complete and is qualified in its entirety by reference to the Certificate of Elimination, a copy of which is attached</font><font style="display: inline;font-size:10pt;"> herewith</font><font style="display: inline;font-size:10pt;"> as Exhibit 3.1</font><font style="display: inline;font-size:10pt;"> to this Form 8-K</font><font style="display: inline;font-size:10pt;"> and incorporated herein by reference.</font>
		</p>
		<p style="margin:0pt;line-height:120%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:120%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item&nbsp;7.01 Regulation FD Disclosure. </font>
		</p>
		<p style="margin:6pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On December </font><font style="display: inline;font-size:10pt;">23</font><font style="display: inline;font-size:10pt;">, 2015, the Company </font><font style="display: inline;font-size:10pt;">issued </font><font style="display: inline;font-size:10pt;">a press release announcing the entry into the </font><font style="display: inline;font-size:10pt;">Settlement Agreement</font><font style="display: inline;font-size:10pt;">. &nbsp;</font><font style="display: inline;font-size:10pt;">A copy of the</font><font style="display: inline;font-size:10pt;"> press release</font><font style="display: inline;font-size:10pt;"> is </font><font style="display: inline;font-size:10pt;">attached </font><font style="display: inline;font-size:10pt;">herewith as Exhibit 99.1</font><font style="display: inline;font-size:10pt;"> to this Form 8-K and is incorporated herein by reference.</font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">In accordance with General Instruction B.2 of Form 8-K, the f</font><font style="display: inline;font-size:10pt;">oregoing information, including </font><font style="display: inline;font-size:10pt;">Exhibit 99.</font><font style="display: inline;font-size:10pt;">1</font><font style="display: inline;font-size:10pt;">, shall not be deemed &#x201C;filed&#x201D; for the purposes of Section&nbsp;18 of the Securities Exchange Act of 1934 (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Exchange Act</font><font style="display: inline;font-size:10pt;">&#x201D;) or otherwise subject to the liabilities of that section, nor shall such information, including Exhibit 99.</font><font style="display: inline;font-size:10pt;">1</font><font style="display: inline;font-size:10pt;">, be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;"></font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;CellSpacing:0;background-color: #FFFFFF;margin-left:0pt;">
			<tr style="CellSpacing:0;">
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:218.75pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:191.45pt;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Item&nbsp;9.01 Financial Statements and Exhibits. </font></p>
				</td>
				<td valign="top" style="width:218.75pt;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">(d)</font><font style="display: inline;">&nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">Exhibits.</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:508.50pt;CellSpacing:0;margin-left:0pt;">
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
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				<td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:87.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
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				<td valign="middle" style="width:09.74%;height:11.80pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="middle" style="width:02.66%;height:11.80pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="middle" style="width:87.60%;height:11.80pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="bottom" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:23.60pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit</font></p>
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Number</font></p>
				</td>
				<td valign="bottom" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:23.60pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:23.60pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Exhibit Description</font></p>
				</td>
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				<td valign="bottom" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:12.30pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
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				<td valign="bottom" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:12.30pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:12.30pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:16.95pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">3.1</font></p>
				</td>
				<td valign="top" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:16.95pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:16.95pt">
					<p style="margin:0pt 57pt 0pt 0pt;vertical-align:top;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">First Amendment to the Second Amended and Restated Bylaws of VAALCO Energy, Inc., dated as of December 22, 2015. </font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:24.15pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">3.2</font></p>
				</td>
				<td valign="top" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:24.15pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:24.15pt">
					<p style="margin:0pt 57pt 0pt 0pt;vertical-align:top;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Certificate of Elimination of Series A </font><font style="display: inline;font-size:10pt;">Junior </font><font style="display: inline;font-size:10pt;">Participating Preferred Stock of</font><font style="display: inline;font-size:10pt;"> VAALCO Energy, Inc., dated as of December 22, 2015.</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:23.70pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">4.1</font></p>
				</td>
				<td valign="top" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:23.70pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:23.70pt">
					<p style="margin:0pt 57pt 0pt 0pt;vertical-align:top;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Amendment No. 1 to the Rights Agreement, dated as of December 22, 2015 between VAALCO Energy, Inc. and Computershare Trust Company, N.A.</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:33.15pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">10.1</font></p>
				</td>
				<td valign="top" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:33.15pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:33.15pt">
					<p style="margin:0pt 57pt 0pt 0pt;vertical-align:top;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Settlement Agreement, dated </font><font style="display: inline;font-size:10pt;">as of </font><font style="display: inline;font-size:10pt;">December</font><font style="display: inline;font-size:10pt;"> 22, </font><font style="display: inline;font-size:10pt;">201</font><font style="display: inline;font-size:10pt;">5</font><font style="display: inline;font-size:10pt;">,&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">by </font><font style="display: inline;color:#000000;font-size:10pt;">and among </font><font style="display: inline;font-size:10pt;">VAALCO </font><font style="display: inline;font-size:10pt;">Energy, Inc., Group 42, Inc. Mr. Paul A. Bell, Michael Keane, BLR Partners LP, BLRPart, LP, BLRGP Inc., Fondren Management, LP, FMLP Inc</font><font style="display: inline;font-size:10pt;">., The Radoff Family Foundation</font><font style="display: inline;font-size:10pt;"> and Bradley L. Radoff</font><font style="display: inline;font-size:10pt;">.</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:1.85pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">99.1</font></p>
				</td>
				<td valign="top" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:1.85pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:1.85pt">
					<p style="margin:0pt 57pt 0pt 0pt;vertical-align:top;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Press Release</font><font style="display: inline;font-size:10pt;"> of VAALCO Energy, Inc.</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">dated </font><font style="display: inline;font-size:10pt;">as of </font><font style="display: inline;font-size:10pt;">December</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">23</font><font style="display: inline;font-size:10pt;">, 201</font><font style="display: inline;font-size:10pt;">5</font><font style="display: inline;font-size:10pt;">.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:6pt 0.75pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:6pt 0.75pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">SIGNATURES</font>
		</p>
		<p style="margin:12pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:07.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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				<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:04.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:43.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td colspan="3" valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">VAALCO Energy, Inc.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:12.00pt">
					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:12.00pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:12.00pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:12.00pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Date: </font><font style="display: inline;font-size:10pt;">December </font><font style="display: inline;font-size:10pt;">23</font><font style="display: inline;font-size:10pt;">, 2015</font></p>
				</td>
				<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">By: </font></p>
				</td>
				<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt 0pt 1pt;border-bottom:1pt solid #000000 ;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">/s/ Eric J. Christ</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Name:</font></p>
				</td>
				<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Eric J. Christ</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Title:</font></p>
				</td>
				<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Vice President, General Counsel and Corporate Secretary</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:6pt 0.75pt;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt 0pt 6pt;text-align:center;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 6pt;text-align:center;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;text-transform:uppercase;font-size:10pt;">Exhibit Index</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:508.50pt;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="bottom" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:23.60pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit</font></p>
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Number</font></p>
				</td>
				<td valign="bottom" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:23.60pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:23.60pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Exhibit Description</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="bottom" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:12.30pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:12.30pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:12.30pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:16.95pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">3.1</font></p>
				</td>
				<td valign="top" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:16.95pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:16.95pt">
					<p style="margin:0pt 57pt 0pt 0pt;vertical-align:top;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">First Amendment to the Second Amended and Restated Bylaws of VAALCO Energy, Inc., dated as of December 22, 2015. </font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:24.15pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">3.2</font></p>
				</td>
				<td valign="top" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:24.15pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:24.15pt">
					<p style="margin:0pt 57pt 0pt 0pt;vertical-align:top;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Certificate of Elimination of Series A </font><font style="display: inline;font-size:10pt;">Junior </font><font style="display: inline;font-size:10pt;">Participating Preferred Stock of</font><font style="display: inline;font-size:10pt;"> VAALCO Energy, Inc., dated as of December 22, 2015.</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:23.70pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">4.1</font></p>
				</td>
				<td valign="top" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:23.70pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:23.70pt">
					<p style="margin:0pt 57pt 0pt 0pt;vertical-align:top;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Amendment No. 1 to the Rights Agreement, dated as of December 22, 2015 between VAALCO Energy, Inc. and Computershare Trust Company, N.A.</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:33.15pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">10.1</font></p>
				</td>
				<td valign="top" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:33.15pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:33.15pt">
					<p style="margin:0pt 57pt 0pt 0pt;vertical-align:top;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Settlement Agreement, dated </font><font style="display: inline;font-size:10pt;">as of </font><font style="display: inline;font-size:10pt;">December</font><font style="display: inline;font-size:10pt;"> 22, </font><font style="display: inline;font-size:10pt;">201</font><font style="display: inline;font-size:10pt;">5</font><font style="display: inline;font-size:10pt;">,&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">by </font><font style="display: inline;color:#000000;font-size:10pt;">and among </font><font style="display: inline;font-size:10pt;">VAALCO </font><font style="display: inline;font-size:10pt;">Energy, Inc., Group 42, Inc. Mr. Paul A. Bell, Michael Keane, BLR Partners LP, BLRPart, LP, BLRGP Inc., Fondren Management, LP, FMLP Inc</font><font style="display: inline;font-size:10pt;">., The Radoff Family Foundation</font><font style="display: inline;font-size:10pt;"> and Bradley L. Radoff</font><font style="display: inline;font-size:10pt;">.</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.74%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:1.85pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">99.1</font></p>
				</td>
				<td valign="top" style="width:02.66%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:1.85pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:87.60%;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:1.85pt">
					<p style="margin:0pt 57pt 0pt 0pt;vertical-align:top;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Press Release</font><font style="display: inline;font-size:10pt;"> of VAALCO Energy, Inc.</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">dated </font><font style="display: inline;font-size:10pt;">as of </font><font style="display: inline;font-size:10pt;">December</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">2</font><font style="display: inline;font-size:10pt;">3</font><font style="display: inline;font-size:10pt;">, 201</font><font style="display: inline;font-size:10pt;">5</font><font style="display: inline;font-size:10pt;">.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:12pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>egy-20151223ex31fd2f8b9.htm
<DESCRIPTION>EX-3.1
<TEXT>
<!--HTML document created with Certent Powered by Crossfire 5.16.1.32-->
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<html>
	<head>
		<title>
			Exhibit 3.12
		</title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;">FIRST </font><font style="display: inline;font-weight:bold;">AMENDMENT TO </font><font style="display: inline;font-weight:bold;">THE</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">SECOND AMENDED AND </font><font style="display: inline;font-weight:bold;">RESTATED </font><font style="display: inline;font-weight:bold;">BYLAWS</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">&nbsp;OF </font><font style="display: inline;font-weight:bold;">VAALCO ENERGY, INC.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">This </font><font style="display: inline;">am</font><font style="display: inline;">endment to the Second Amended of Restated Bylaws of </font><font style="display: inline;">VAALCO Energy, Inc.</font><font style="display: inline;"> (the &#x201C;</font><font style="display: inline;font-weight:bold;font-style:italic;">Bylaws</font><font style="display: inline;">&#x201D;)</font><font style="display: inline;">, a Delaware corporation (the &#x201C;</font><font style="display: inline;font-weight:bold;font-style:italic;">Company</font><font style="display: inline;">&#x201D;), </font><font style="display: inline;">is dated as of </font><font style="display: inline;">December 22</font><font style="display: inline;">, 2015 (this &#x201C;</font><font style="display: inline;font-weight:bold;font-style:italic;">First </font><font style="display: inline;font-weight:bold;font-style:italic;">Amendment</font><font style="display: inline;">&#x201D;).</font><font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:underline;">Recitals</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">A.</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">T</font><font style="display: inline;">he </font><font style="display: inline;">Bylaws were previously amended and restated by resolution of the Board of Directors of the Co</font><font style="display: inline;">mpany</font><font style="display: inline;"> (the &#x201C;</font><font style="display: inline;font-weight:bold;font-style:italic;">Board</font><font style="display: inline;">&#x201D;) on </font><font style="display: inline;">September 26, 2015</font><font style="display: inline;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;line-height:normal;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">B.</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">T</font><font style="display: inline;">he </font><font style="display: inline;">Board has approved the amendment to the Bylaws as set forth below, in accordance with A</font><font style="display: inline;">rticle</font><font style="display: inline;"> IX of the Bylaws, effective as of the date of this First Amendment</font><font style="display: inline;">. &nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:underline;">Amendment</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font><font style="display: inline;">NOW, THEREFORE, the Bylaws are hereby amended as follows:</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">1.</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">The first sentence of Section 2, </font><font style="display: inline;">Article V </font><font style="display: inline;">is hereby </font><font style="display: inline;">deleted and replaced in its entirety </font><font style="display: inline;">as follows</font><font style="display: inline;">:</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#x201C;</font><font style="display: inline;">The officers of the corporation shall be chosen by the board of directors and shall be a chief executive officer, chief operating officer, president, one or more vice presidents (an</font><font style="display: inline;">d</font><font style="display: inline;"> one or more of whom may be designated executive vice president or senior vice president), a chief financial officer and a secretary.</font><font style="display: inline;">&#x201D;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">2.</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Section 9, </font><font style="display: inline;">Article V is hereby </font><font style="display: inline;">deleted and replaced in its entirety </font><font style="display: inline;">as follows</font><font style="display: inline;">:</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;font-style:italic;">&#x201C;</font><font style="display: inline;">The vice chairman shall perform the duties of the chairman of the board in </font><font style="display: inline;">his</font><font style="display: inline;"> absences or during any disability or refusal to act</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">shall preside at all meetings of the stockholders, shall have general powers and duties of supervision and active management of the business of the corporation and shall see that all orders and resolutions of the board of directors are carried into effect.</font><font style="display: inline;"> He shall have and perform such other duties and powers as may from time to time be assigned to him by the board of directors.</font><font style="display: inline;">&#x201D;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt 36pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">3.</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Except as amended by this First Amendment, the Bylaws remain the same and in full force and effect.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 9pt">

			<font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-size:9pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;">IN WITNESS WHEREOF</font><font style="display: inline;">, I hereby certify that this First Amendment was duly adopted by the Board to b</font><font style="display: inline;">e effective as of </font><font style="display: inline;">the date first set forth above</font><font style="display: inline;">. &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 24pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;font-size:12pt;">VAALCO Energy, Inc.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 180pt;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By:</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;text-decoration:underline;">/s/ Eric J. Christ</font><font style="display: inline;color:#000000;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;text-decoration:underline;"></font><font style="display: inline;color:#000000;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;text-decoration:underline;"></font><font style="display: inline;color:#000000;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;text-decoration:underline;"></font><font style="display: inline;color:#000000;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 198pt;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">Name: </font><font style="display: inline;">Eric Christ</font>
		</p>
		<p style="margin:0pt 0pt 0pt 234pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">Title: Vice President, General Counsel and </font>
		</p>
		<p style="margin:0pt 0pt 0pt 234pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">Corporate Secretary</font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;">&nbsp;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.2
<SEQUENCE>3
<FILENAME>egy-20151223ex325fe6003.htm
<DESCRIPTION>EX-3.2
<TEXT>
<!--HTML document created with Certent Powered by Crossfire 5.16.1.32-->
<!--Created on: 12/23/2015 12:57:50 PM-->
<html>
	<head>
		<title>
			Exhibit 3.23
		</title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt 0pt 10pt;border-bottom:1pt none #D9D9D9 ;text-align:center;font-weight:bold;font-family:Times New Roman;font-size: 12pt">
			<a name="_GoBack"></a><font style="display: inline;font-size:12pt;">CERTIFICATE OF ELIMINATION </font><br /><font style="display: inline;font-size:12pt;">OF </font><br /><font style="display: inline;font-size:12pt;">SERIES A </font><font style="display: inline;font-size:12pt;">JUNIOR </font><font style="display: inline;font-size:12pt;">PARTICIPATING PREFERRED STOCK </font><br /><font style="display: inline;font-size:12pt;">OF </font><font style="display: inline;font-size:12pt;">VAALCO ENERGY, INC.</font>
		</p>
		<p style="margin:0pt 0pt 10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:center;font-weight:bold;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">December 22, 2015</font><font style="display: inline;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;border-top:1pt none #D9D9D9 ;text-align:center;font-weight:bold;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">(Pursuant to Section 151(g) of the General Corporation Law of the State of Delaware) </font>
		</p>
		<p style="margin:0pt 0pt 10pt;border-bottom:1pt none #D9D9D9 ;text-indent:18pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">VAALCO Energy, Inc.,</font><font style="display: inline;font-size:12pt;"> a Delaware corporation (the &#x201C;Company&#x201D;), certifies as follows: </font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">1.</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;"></font><font style="display: inline;font-size:12pt;">Pursuant to Section 151 of the General Corporation Law of the State of Delaware (the &#x201C;DGCL&#x201D;) and the authority granted in the </font><font style="display: inline;font-size:12pt;">Certificate of Incorporation (the &#x201C;Charter&#x201D;) of the Company</font><font style="display: inline;font-size:12pt;">, the Board of Directors of the Company, by resolution duly adopted, authorized the issuance of </font><font style="display: inline;font-size:12pt;">15,000</font><font style="display: inline;font-size:12pt;"> shares of preferred stock, par value $</font><font style="display: inline;font-size:12pt;">25</font><font style="display: inline;font-size:12pt;">.0</font><font style="display: inline;font-size:12pt;">0</font><font style="display: inline;font-size:12pt;"> per share, of the Company designated as Series A </font><font style="display: inline;font-size:12pt;">Junior </font><font style="display: inline;font-size:12pt;">Participating Preferred Stock (the &#x201C;Series A Preferred Stock&#x201D;). </font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">2.</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;">Pursuant to the provisions of Section 151(g) of the </font><font style="display: inline;font-size:12pt;">DGCL</font><font style="display: inline;font-size:12pt;">, the Board of Directors of the Company adopted the following resolutions: </font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">RESOLVED FURTHER</font><font style="display: inline;font-size:12pt;">, that </font><font style="display: inline;font-size:12pt;">none of the authorized shares of </font><font style="display: inline;font-size:12pt;">Series A Preferred Stock</font><font style="display: inline;font-size:12pt;"> are outstanding, and none of the authorized shares of Series A Preferred Stock will be issued</font><font style="display: inline;font-size:12pt;"> subject to the certificate of designations therefor</font><font style="display: inline;font-size:12pt;">; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">RESOLVED FURTHER</font><font style="display: inline;font-size:12pt;">, that </font><font style="display: inline;font-size:12pt;">the Company be, and hereby is, authorized and directed to file with the Secretary of State of the State of Delaware a certificate (the &#x201C;Certificate of Elimination&#x201D;) containing these resolutions, with the effect under the General Corporation Law of the State of Delaware of eliminating from the Company&#x2019;s </font><font style="display: inline;font-size:12pt;">Charter</font><font style="display: inline;font-size:12pt;"> all matters set forth in the Certificate of Designation</font><font style="display: inline;font-size:12pt;">s</font><font style="display: inline;font-size:12pt;"> of Series A </font><font style="display: inline;font-size:12pt;">Junior </font><font style="display: inline;font-size:12pt;">Participating Preferred Stock of the Company filed with the Secretary of State of the State of Delaware</font><font style="display: inline;font-size:12pt;">; and</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">RESOLVED FURTHER</font><font style="display: inline;font-size:12pt;">, that</font><font style="display: inline;font-size:12pt;">&nbsp;</font><font style="display: inline;font-size:12pt;">any of the Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, Executive Vice President or General Counsel of the Company (each, an &#x201C;Authorized Officer&#x201D;) </font><font style="display: inline;font-size:12pt;">are, and each of them hereby is, authorized and directed, for and on behalf of the Company and in its name, to execute and file the Certificate of Elimination and such time as they deem appropriate, and to take such further actions as they may deem necessary or appropriate to carry out the intent of the foregoing resolutions in accordance with the applicable provisions of the General Corporation Law of the State of Delaware. </font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">3.</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;">Pursuant to the provisions of Section 151(g) of the DGCL, all references to the Series A Preferred Stock in the Charter are hereby eliminated, and the shares that were designated to such series are hereby returned to the status of authorized but unissued shares of preferred stock of the</font><font style="display: inline;font-size:12pt;"> Company. </font>
		</p>
		<p style="margin:0pt 0pt 10pt;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

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			&nbsp;

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 9pt">

			<font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-size:9pt;"></font>

		</p>

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		<p style="margin:0pt 0pt 10pt;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;font-size:12pt;"></font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">IN WITNESS WHEREOF, the Company has caused this Certificate of Elimination to be signed on its behalf by its duly authorized officer on </font><font style="display: inline;font-size:12pt;">the date first set forth above</font><font style="display: inline;font-size:12pt;">. &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;font-size:12pt;">VAALCO Energy, Inc</font><font style="display: inline;font-weight:bold;font-size:12pt;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt 0pt 0pt 180pt;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">By:</font><font style="display: inline;color:#000000;font-size:12pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:12pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;">/s/ Eric J. Christ</font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 198pt;text-indent:18pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;font-size:12pt;">Name: </font><font style="display: inline;color:#000000;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt -3.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;"></font><font style="display: inline;font-size:12pt;">Eric Christ</font>
		</p>
		<p style="margin:0pt 0pt 0pt 252pt;text-indent: -36pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">Title: Vice</font><font style="display: inline;font-size:12pt;"> President, General Counsel and </font><font style="display: inline;font-size:12pt;">Corporate Secretary</font>
		</p>
		<p style="margin:0pt 0pt 0pt 234pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;">&nbsp;</font>
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			&nbsp;

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>4
<FILENAME>egy-20151223ex41788fc5e.htm
<DESCRIPTION>EX-4.1
<TEXT>
<!--HTML document created with Certent Powered by Crossfire 5.16.1.32-->
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	<head>
		<title>
			Exhibit 4.12
		</title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt 0pt 10pt;text-align:center;font-weight:bold;font-family:Times New Roman;font-size: 12pt">
			<a name="_GoBack"></a><font style="display: inline;font-size:12pt;">AMENDMENT NO. 1 TO </font><br /><font style="display: inline;font-size:12pt;">RIGHTS AGREEMENT </font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">This AMENDMENT NO. 1 TO THE RIGHTS AGREEMENT (this &#x201C;</font><font style="display: inline;font-weight:bold;font-size:12pt;">Amendment</font><font style="display: inline;font-size:12pt;">&#x201D;) is dated as of </font><font style="display: inline;font-size:12pt;">December 22</font><font style="display: inline;font-size:12pt;">, 2015</font><font style="display: inline;font-size:12pt;"> (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:12pt;">Effective Date</font><font style="display: inline;font-size:12pt;">&#x201D;) and amends the </font><font style="display: inline;font-size:12pt;">Rights Agreement</font><font style="display: inline;font-size:12pt;">, dated as of </font><font style="display: inline;font-size:12pt;">September 26, 2015</font><font style="display: inline;font-size:12pt;"> (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:12pt;">Rights Agreement</font><font style="display: inline;font-size:12pt;">&#x201D;), by and between </font><font style="display: inline;font-size:12pt;">VAALCO Energy, Inc.</font><font style="display: inline;font-size:12pt;">, a Delaware corporation (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:12pt;">Company</font><font style="display: inline;font-size:12pt;">&#x201D;), and </font><font style="display: inline;font-size:12pt;">Computershare Trust Company, N.A., a national banking association, as Rights Agent</font><font style="display: inline;font-size:12pt;"> (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:12pt;">Rights Agent</font><font style="display: inline;font-size:12pt;">&#x201D;). Capitalized terms used in this Amendment and not otherwise defined have the meaning given to them in the Rights Agreement. </font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-align:center;font-weight:bold;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">RECITALS</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">WHEREAS, in accordance with Section 27 of the Rights Agreement, </font><font style="display: inline;font-size:12pt;">for so long as the Rights are redeemable</font><font style="display: inline;font-size:12pt;">, &nbsp;</font><font style="display: inline;font-size:12pt;">the Company may in its sole and absolute discretion, and the Rights Agent shall if the Company so directs, supplement or amend any provision of the Rights Agreement in any respect without the approval of any holders of Rights</font><font style="display: inline;font-size:12pt;">; and </font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">WHEREAS, </font><font style="display: inline;font-size:12pt;">t</font><font style="display: inline;font-size:12pt;">he Rights are currently redeemable, and pursuant to the terms of the Rights Agreement and in accordance with Section 27 of the Rights Agreement, the Company has d</font><font style="display: inline;font-size:12pt;">etermined</font><font style="display: inline;font-size:12pt;"> that the Rights Agreement be amended as set forth in this Amendment, and </font><font style="display: inline;font-size:12pt;">the Rights Agent is hereby directed to join in this Amendment. </font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-align:center;font-weight:bold;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">AGREEMENT</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth herein, the parties hereby agree as follows: </font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">1.</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;"></font><font style="display: inline;font-style:italic;font-size:12pt;">Amendment of the Rights Agreement</font><font style="display: inline;font-size:12pt;">. &nbsp;</font><font style="display: inline;font-size:12pt;">Clause (i) </font><font style="display: inline;font-size:12pt;">Section </font><font style="display: inline;font-size:12pt;">7</font><font style="display: inline;font-size:12pt;">(</font><font style="display: inline;font-size:12pt;">a</font><font style="display: inline;font-size:12pt;">) of the Rights Agreement is hereby amended and restated in its entirety as follows:</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">&#x201C;(i) the Close of Business on December </font><font style="display: inline;font-size:12pt;">23</font><font style="display: inline;font-size:12pt;">, 2015 (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:12pt;text-decoration:underline;">Final Expiration Date</font><font style="display: inline;font-size:12pt;">&#x201D;);&#x201D;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">2.</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;"></font><font style="display: inline;font-style:italic;font-size:12pt;">Amendment of Exhibits</font><font style="display: inline;font-size:12pt;">. The exhibits to the Rights Agreement shall be deemed to be </font><font style="display: inline;font-size:12pt;">amended in a manner consistent with this</font><font style="display: inline;font-size:12pt;"> Amendment, including all conforming changes.</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">3.</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;"></font><font style="display: inline;font-style:italic;font-size:12pt;">Other Amendment; Effect of Amendment</font><font style="display: inline;font-size:12pt;">. Except as and to the extent expressly modified by this Amendment, the Rights Agreement and the exhibits thereto remain in full force and effect in all respects without any modification. This Amendment will be deemed an amendment to the Rights Agreement and will become effective on the Effective Date. In the event of a conflict or inconsistency between this Amendment and the Rights Agreement and the exhibits thereto, the provisions of this Amendment will govern.</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">4.</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;"></font><font style="display: inline;font-style:italic;font-size:12pt;">Counterparts</font><font style="display: inline;font-size:12pt;">. This Amendment may be executed in any number of counterparts and each of such counterparts will for all purposes be deemed to be an original, and all such counterparts will together constitute one and the same instrument, it being understood that all parties need not sign the same counterpart. A signature to this Amendment transmitted electronically (including by fax and .pdf) will have the same authority, effect and enforceability as an original signature. No party hereto may raise the use of such electronic transmission to deliver a signature, or the fact that any signature or agreement or instrument was transmitted or </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;">1</font>

		</p>

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 10pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;font-size:12pt;">communicated through such electronic transmission, as a defense to the formation of a contract, and each party forever waives any such defense, except to the extent such defense relates to lack of authenticity.</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">5.</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;"></font><font style="display: inline;font-style:italic;font-size:12pt;">Severability</font><font style="display: inline;font-size:12pt;">. If any term, provision, covenant or restriction of this Amendment is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment will remain in full force and effect and will in no way be af</font><font style="display: inline;font-size:12pt;">fected, impaired or invalidated.</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">6.</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;"></font><font style="display: inline;font-style:italic;font-size:12pt;">Descriptive Headings</font><font style="display: inline;font-size:12pt;">. The descriptive headings of the several Sections of this Amendment are inserted for convenience only and will not control or affect the meaning or construction of any of the provisions hereof.</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">7.</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;"></font><font style="display: inline;font-style:italic;font-size:12pt;">Further Assurances</font><font style="display: inline;font-size:12pt;">. Each of the parties to this Amendment will cooperate and take such action as may be reasonably requested by the other party in order to carry out the provisions and purposes of this Amendment, the Rights Agreement and the transactions contemplated hereunder and thereunder.</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">8.</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;"></font><font style="display: inline;font-style:italic;font-size:12pt;">Governing Law</font><font style="display: inline;font-size:12pt;">. This Amendment will be deemed to be a contract made pursuant to the laws of the State of Delaware and for all purposes will be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts made and to be perfo</font><font style="display: inline;font-size:12pt;">rmed entirely within such State</font><font style="display: inline;font-size:12pt;">.</font>
		</p>
		<p style="margin:0pt 0pt 10pt;border-bottom:1pt none #D9D9D9 ;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">&nbsp;</font><font style="display: inline;font-size:12pt;">[Signature page follows.]</font>
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:left;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;">2</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt 0pt 10pt;text-indent:36pt;text-align:left;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;font-size:12pt;">IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the day and year first written above. </font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;font-size:12pt;">VAALCO Energy, Inc.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 252pt;text-indent: -36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">By:</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;"></font><font style="display: inline;font-size:12pt;text-decoration:underline;">/s/ Eric J. Christ</font><font style="display: inline;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;font-size:12pt;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 252pt;text-indent: -36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;font-size:12pt;">Name:</font><font style="display: inline;color:#000000;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 18pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;"></font><font style="display: inline;font-size:12pt;">Eric </font><font style="display: inline;font-size:12pt;">J. </font><font style="display: inline;font-size:12pt;">Christ</font>
		</p>
		<p style="margin:0pt 0pt 0pt 252pt;text-indent: -36pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">Title:</font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 14.4pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;"></font><font style="display: inline;font-size:12pt;">Vice</font><font style="display: inline;font-size:12pt;"> President, General Counsel and </font><font style="display: inline;font-size:12pt;">Corporate Secretary</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt 198pt;text-indent:18pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;font-size:12pt;">Computershare Trust Company, N.A.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 252pt;text-indent: -36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">By:</font><font style="display: inline;color:#000000;font-size:12pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;">/s/ Kevin Laurita</font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font><font style="display: inline;color:#000000;font-size:12pt;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 252pt;text-indent: -36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;font-size:12pt;">Name: </font><font style="display: inline;color:#000000;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 14.4pt 0pt 0pt;"></font><font style="display: inline;color:#000000;font-size:12pt;">Kevin Laurita</font>
		</p>
		<p style="margin:0pt 0pt 0pt 252pt;text-indent: -36pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">Title: </font><font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;">Vice President</font>
		</p>
		<p style="margin:0pt 0pt 0pt 252pt;text-indent: -36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 252pt;text-indent: -36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
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			&nbsp;

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>5
<FILENAME>egy-20151223ex101922e4e.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--HTML document created with Certent Powered by Crossfire 5.16.1.32-->
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		<title>
			Exhibit 10.12
		</title>
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	<body><div style="margin-left:72pt;margin-right:72pt;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

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		<p style="margin:0pt 0pt 12pt;text-align:center;font-weight:bold;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_GoBack"></a><font style="display: inline;">SETTLEMENT</font><font style="display: inline;"> AGREEMENT</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">This </font><font style="display: inline;">SETTLEMENT</font><font style="display: inline;"> AGREEMENT (this &#x201C;</font><font style="display: inline;text-decoration:underline;">Agreement</font><font style="display: inline;">&#x201D;) is made and</font><font style="display: inline;"> entered into as of December 22</font><font style="display: inline;">, 2015, </font><font style="display: inline;">among</font><font style="display: inline;"> VAALCO Energy, Inc., a Delaware corporation (the &#x201C;</font><font style="display: inline;text-decoration:underline;">Company</font><font style="display: inline;">&#x201D;), on the one hand, and Group 42, Inc</font><font style="display: inline;">.</font><font style="display: inline;">, a Delaware corporation, </font><font style="display: inline;">Mr. </font><font style="display: inline;">Paul A. Bell,</font><font style="display: inline;"> and Mr. Michael Keane (collectively, &#x201C;</font><font style="display: inline;text-decoration:underline;">Group 42</font><font style="display: inline;">&#x201D;),</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">and </font><font style="display: inline;">BLR Partners LP, a Texas limited partnership, BLRPart, LP, a Texas limited partnership, BLRGP Inc., a Texas corporation, Fondren Management, LP, a Texas limited partnership, FMLP Inc., a Texas corporation, The Ra</font><font style="display: inline;">d</font><font style="display: inline;">off Family Foundation, a Texas non-profit corporation, and Bradley L. Radoff&nbsp;&nbsp;(</font><font style="display: inline;">collectively, the &#x201C;</font><font style="display: inline;text-decoration:underline;">BLR Group</font><font style="display: inline;">&#x201D; and, together with Group 42, </font><font style="display: inline;">the &#x201C;</font><font style="display: inline;text-decoration:underline;">Stockholder Group</font><font style="display: inline;">&#x201D;), on the other hand. </font><font style="display: inline;">The </font><font style="display: inline;">Company and the </font><font style="display: inline;">Stockholder Group </font><font style="display: inline;">are each referred to herein as a &#x201C;</font><font style="display: inline;text-decoration:underline;">Party</font><font style="display: inline;">&#x201D; and collectively, as the &#x201C;</font><font style="display: inline;text-decoration:underline;">Parties</font><font style="display: inline;">.&#x201D;</font>
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		<p style="margin:0pt 0pt 12pt;text-align:center;font-weight:bold;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">RECITALS</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">WHEREAS, as of the date hereof, the Stockholder Group beneficially owns</font><font style="display: inline;">, in the aggregate,</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">6,474,692</font><font style="display: inline;font-weight:bold;">&nbsp;</font><font style="display: inline;">shares of common stock </font><font style="display: inline;">of the Company, par value $0.10 per share (&#x201C;</font><font style="display: inline;text-decoration:underline;">Common Stock</font><font style="display: inline;">&#x201D;); </font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">WHEREAS, the Company and the Stockholder Group have determined to come to an agreement with respect to the composition of the Board of Directors of the Company (the &#x201C;</font><font style="display: inline;text-decoration:underline;">Board</font><font style="display: inline;">&#x201D;) and certain other matters, as provided in this Agreement</font><font style="display: inline;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">NOW, THEREFORE</font><font style="display: inline;">, in consideration of the foregoing premises and the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally bound hereby, agree as follows:</font>
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		<p style="margin:0pt 0pt 12pt;text-indent:36pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref409158300"></a><font style="display: inline;color:#000000;">1.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Withdrawal of the </font><font style="display: inline;text-decoration:underline;color:#000000;">Consent Solicitation</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Group 42 hereby withdraws its Notice of Proposed Action by Written Consent of Stockholders to the Company dated November 6, 2015 (the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Notice</font><font style="display: inline;color:#000000;">&#x201D;) with immediate effect.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(b)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Each member of the Stockholder Group shall, and shall cause its Representatives to, immediately cease the </font><font style="display: inline;color:#000000;">consent solicitation (the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Consent Solicitation</font><font style="display: inline;color:#000000;">&#x201D;)</font><font style="display: inline;color:#000000;"> pursuant to the Stockholder Group&#x2019;s definitive consent solicitation statement on</font><font style="display: inline;color:#000000;"> Schedule</font><font style="display: inline;color:#000000;"> 14A filed with the SEC on</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">December 4,</font><font style="display: inline;color:#000000;"> 2015</font><font style="display: inline;color:#000000;"> (the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Consent Solicitation Statement</font><font style="display: inline;color:#000000;">&#x201D;)</font><font style="display: inline;color:#000000;">. &nbsp;</font><font style="display: inline;color:#000000;">The </font><font style="display: inline;color:#000000;">Stockholder Group shall</font><font style="display: inline;color:#000000;"> not</font><font style="display: inline;color:#000000;">, and shall cause its Representatives </font><font style="display: inline;color:#000000;">not </font><font style="display: inline;color:#000000;">to</font><font style="display: inline;color:#000000;">, mail or otherwise deliver any </font><font style="display: inline;color:#000000;">Consent Solicitation Statement</font><font style="display: inline;color:#000000;"> or any consent card in respect of the </font><font style="display: inline;color:#000000;">Consent Solicitation </font><font style="display: inline;color:#000000;">to any of the Company&#x2019;s stockholders. </font><font style="display: inline;color:#000000;"> Each member of the Stockholder Group agrees that it shall not, and shall not permit its Representatives to, vote, deliver or otherwise use any </font><font style="display: inline;color:#000000;">consents</font><font style="display: inline;color:#000000;"> that may have been received by the Stockholder Group or any of its Representatives to date with respect to the </font><font style="display: inline;color:#000000;">Consent Solicitation</font><font style="display: inline;color:#000000;">.&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">2.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Board Composition and Related Matters</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Effective upon </font><font style="display: inline;color:#000000;">the execution of this Agreement, </font><font style="display: inline;color:#000000;">Mr. </font><font style="display: inline;color:#000000;">James B. Jennings </font><font style="display: inline;color:#000000;">and Mr. </font><font style="display: inline;color:#000000;">O. Donaldson Chapoton</font><font style="display: inline;color:#000000;"> shall </font><font style="display: inline;color:#000000;">resign</font><font style="display: inline;color:#000000;"> from the Board</font><font style="display: inline;color:#000000;">, and the Board shall accept their resignations with immediate effect</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(b)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Effective</font><font style="display: inline;color:#000000;"> upon </font><font style="display: inline;color:#000000;">the execution of this Agreement, </font><font style="display: inline;color:#000000;">Mr. Michael Keane</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">shall be appointed </font><font style="display: inline;color:#000000;">to the Board (the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Stockholder Group Designee</font><font style="display: inline;color:#000000;">&#x201D;).</font><font style="display: inline;color:#000000;"> Prior to his appointment to the Board, the </font><font style="display: inline;color:#000000;">Stockholder Group Designee</font><font style="display: inline;color:#000000;"> (and any </font><font style="display: inline;color:#000000;">Stockholder Group</font><font style="display: inline;color:#000000;"> Replacement</font><font style="display: inline;color:#000000;"> Designee</font><font style="display: inline;color:#000000;">) shall execute an irrevocable resignation as director in the form attached hereto as </font><font style="display: inline;text-decoration:underline;color:#000000;">Exhibit A</font><font style="display: inline;text-decoration:underline;color:#000000;">.</font><font style="display: inline;color:#000000;"> Following his appointment to the</font><font style="display: inline;color:#000000;"> Board</font><font style="display: inline;color:#000000;">, the Board</font><font style="display: inline;color:#000000;"> shall appoint the Stockholder Group Designee (and any </font><font style="display: inline;color:#000000;">Stockholder Group Replacement Designee</font><font style="display: inline;color:#000000;">) to </font><font style="display: inline;color:#000000;">each of </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Nominating and Corporate Governance </font><font style="display: inline;color:#000000;">C</font><font style="display: inline;color:#000000;">ommittee</font><font style="display: inline;color:#000000;"> and the Compensation Committee</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(c)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Effective upon the execution of this Agreement</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">the roles of Chairman of the Board and Chief Executive Officer</font><font style="display: inline;color:#000000;"> shall be separated and</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"> Mr. </font><font style="display: inline;color:#000000;">Andrew L. Fawthrop</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">shall be </font><font style="display: inline;color:#000000;">the Chairman of the Board</font><font style="display: inline;color:#000000;"> and </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">the Stockholder Group Designee </font><font style="display: inline;color:#000000;">shall be </font><font style="display: inline;color:#000000;">Vice Chairman of the Board.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(d)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Prior to the nomination of directors for election at the 2016 annual meeting of stockholders (the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">2016 Annual Meeting</font><font style="display: inline;color:#000000;">&#x201D;), the Board </font><font style="display: inline;color:#000000;">shall</font><font style="display: inline;color:#000000;"> nominate for election at the 2016 Annual Meeting an additional</font><font style="display: inline;color:#000000;"> designee mutually agreed upon between the Stockholder Group and the Company (</font><font style="display: inline;color:#000000;">the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Mutual</font><font style="display: inline;text-decoration:underline;color:#000000;"> Designee</font><font style="display: inline;color:#000000;">&#x201D;, and</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> collectively with the Stockholder Group Designee, the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Designees</font><font style="display: inline;color:#000000;">&#x201D;). </font><font style="display: inline;color:#000000;">The </font><font style="display: inline;color:#000000;">Mutual </font><font style="display: inline;color:#000000;">Designee</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">shall </font><font style="display: inline;color:#000000;">qualify </font><font style="display: inline;color:#000000;">as an &#x201C;independent director&#x201D; under applicable rules of the SEC, the rules of the New York Stock Exchange (&#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">NYSE</font><font style="display: inline;color:#000000;">&#x201D;) and under the Company&#x2019;s corporate governance guidelines</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Immediately </font><font style="display: inline;color:#000000;">following the execution of this Agreement</font><font style="display: inline;color:#000000;">, the Company and </font><font style="display: inline;color:#000000;">the Stockholder Group </font><font style="display: inline;color:#000000;">shall engage in good faith discussions with respect to the individual who shall be the Mutual</font><font style="display: inline;color:#000000;"> Designee</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Each of the </font><font style="display: inline;color:#000000;">Stockholder Group </font><font style="display: inline;color:#000000;">and the Company shall be entitled to recommend individuals for consideration to be selected as the Mutual</font><font style="display: inline;color:#000000;"> Designee</font><font style="display: inline;color:#000000;">. &nbsp;</font><font style="display: inline;color:#000000;">The Company shall not unreasonably withhold consent with respect to any Mutual Designee recommended by the Stockholder Group; provided that the Company may withhold consent if it reasonably determines that the Mutual Designee is not independent from the Stockholder Group as a result of material business or personal </font><font style="display: inline;color:#000000;">relationship with the</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Stockholder Group or any of its </font><font style="display: inline;color:#000000;">Affiliates or Associates.</font><a name="_Ref409157906"></a>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">During the time period starting on the date hereof and ending on the </font><font style="display: inline;color:#000000;">Termination Date (the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Commitment Period</font><font style="display: inline;color:#000000;">&#x201D;),</font><font style="display: inline;color:#000000;"> the Board shall </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"> nominate the </font><font style="display: inline;color:#000000;">Designees</font><font style="display: inline;color:#000000;"> for election to the Board at each Stockholder Meeting </font><font style="display: inline;color:#000000;">or in respect of any solicitation of written consents of stockholders </font><font style="display: inline;color:#000000;">at which directors are to be elected; </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"> cause the Company to file a definitive proxy statement </font><font style="display: inline;color:#000000;">or definitive consent statement </font><font style="display: inline;color:#000000;">in respect of each Stockholder Meeting </font><font style="display: inline;color:#000000;">or solicitation of written consents of stockholders </font><font style="display: inline;color:#000000;">at which directors are to be elected and recommend that the Company&#x2019;s stockholders vote </font><font style="display: inline;color:#000000;">or consent </font><font style="display: inline;color:#000000;">directly or by proxy in favor of, and otherwise use reasonable best efforts to cause, the election of all </font><font style="display: inline;color:#000000;">Designees</font><font style="display: inline;color:#000000;">; and </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"> cause the Company to file a definitive consent revocation statement in respect of any solicitation of written consents of stockholders to remove any </font><font style="display: inline;color:#000000;">of the Designees</font><font style="display: inline;color:#000000;"> and recommend that the Company&#x2019;s stockholders do not sign consents to remove any </font><font style="display: inline;color:#000000;">of the Designees</font><font style="display: inline;color:#000000;"> and use reasonable best efforts to cause the revocation of any such consents</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(f)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">During the </font><font style="display: inline;color:#000000;">Commitment Period</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">in</font><font style="display: inline;color:#000000;"> the event that the Stockholder Group Designee ceases to be a director for any reason, the Stockholder Group </font><font style="display: inline;color:#000000;">shall be entitled to designate</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">for consideration by the </font><font style="display: inline;color:#000000;">Nominating </font><font style="display: inline;color:#000000;">and Corporate Governance </font><font style="display: inline;color:#000000;">Committee </font><font style="display: inline;color:#000000;">of the Board (the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Nominating Committee</font><font style="display: inline;color:#000000;">&#x201D;),</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">a</font><font style="display: inline;color:#000000;"> candidate for</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">replacement</font><font style="display: inline;color:#000000;"> for such </font><font style="display: inline;color:#000000;">Stockholder Group Designee</font><font style="display: inline;color:#000000;"> (such replacement, a &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Stockholder Group Replacement Designee</font><font style="display: inline;color:#000000;">&#x201D;)</font><font style="display: inline;color:#000000;">. The </font><font style="display: inline;color:#000000;">Nominating Committee</font><font style="display: inline;color:#000000;">, in good faith and consistent with its fiduciary duties, shall </font><font style="display: inline;color:#000000;">make a decision with respect to</font><font style="display: inline;color:#000000;"> such candidate within </font><font style="display: inline;color:#000000;">five</font><font style="display: inline;color:#000000;"> (5) Business Days after a completed D&amp;O </font><font style="display: inline;color:#000000;">q</font><font style="display: inline;color:#000000;">uestionnaire has been received by the Nominating Committee</font><font style="display: inline;color:#000000;"> (the form of questionnaire shall be delivered to </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">the Stockholder Group Replacement Designee immediately following its designation by the Stockholder Group);</font><font style="display: inline;color:#000000;"> and</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> subject to the Nominating Committee&#x2019;s approval, which approval shall not be unreasonably withheld, the Board shall appoint such candidate approved by the Nominating Committee within </font><font style="display: inline;color:#000000;">two</font><font style="display: inline;color:#000000;"> &nbsp;(</font><font style="display: inline;color:#000000;">2</font><font style="display: inline;color:#000000;">) Business Days. In the event the Nominating Committee decline</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> to recommend </font><font style="display: inline;color:#000000;">a</font><font style="display: inline;color:#000000;"> candidate designated by </font><font style="display: inline;color:#000000;">the Stockholder Group</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">the Stockholder Group </font><font style="display: inline;color:#000000;">may propose one or more replacement designees, subject to the above criteria</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(g)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">T</font><font style="display: inline;color:#000000;">he </font><font style="display: inline;color:#000000;">size of the </font><font style="display: inline;color:#000000;">Board shall </font><font style="display: inline;color:#000000;">be fixed at no more than </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"> seven directors, prior to the </font><font style="display: inline;color:#000000;">2016 Annual Meeting</font><font style="display: inline;color:#000000;">, and </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"> eight directors, following the </font><font style="display: inline;color:#000000;">2016 Annual Meeting</font><font style="display: inline;color:#000000;"> and until the end of the </font><font style="display: inline;color:#000000;">Commitment Period</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(h)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">The Company agrees that the Board and all applicable committees of the Board shall take all necessary actions, effective immediately following the execution of this Agreement, to determine that each Designee, including any Stockholder Group Replacement Designee, is deemed to be a member of the &#x201C;Incumbent Board&#x201D; </font><font style="display: inline;color:#000000;">(as such term is defined in the applicable agreement</font><font style="display: inline;color:#000000;"> or instrument</font><font style="display: inline;color:#000000;">) &nbsp;</font><font style="display: inline;color:#000000;">for purposes of determining whether there has been a &#x201C;Change in Control&#x201D; under (i) any employment agreements between the Company and any of its named executive officers entered into following the execution of this Agreement and (ii) the Company&#x2019;s 2014 Long Term Incentive Plan for any grants following the execution of this Agreement.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(i)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">The obligations of the Company pursuant to</font><font style="display: inline;">&nbsp;</font><font style="display: inline;color:#000000;">paragraphs (b), (e)</font><font style="display: inline;">&nbsp;</font><font style="display: inline;color:#000000;">(solely with respect to the Stockholder Group Designee and any Stockholder Group Replacement Designee), and (f</font><font style="display: inline;color:#000000;">) &nbsp;</font><font style="display: inline;color:#000000;">of</font><font style="display: inline;">&nbsp;</font><font style="display: inline;color:#000000;">this Section 2 shall terminate immediately in the event the Stockholder Group ceases to beneficially own 5% or more of the issued and out</font><font style="display: inline;color:#000000;">standing shares of Common Stock</font><font style="display: inline;color:#000000;">.&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">3.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Shareholder Rights Plan</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">Immediately</font><font style="display: inline;color:#000000;"> following the execution of this Agreement, the Board shall terminate </font><font style="display: inline;color:#000000;">that certain R</font><font style="display: inline;color:#000000;">ights </font><font style="display: inline;color:#000000;">A</font><font style="display: inline;color:#000000;">greement entered into by and between the Company and Computershare Trust Company</font><font style="display: inline;color:#000000;">, N.A.,</font><font style="display: inline;color:#000000;"> dated as of September 26, 2015, </font><font style="display: inline;color:#000000;">by </font><font style="display: inline;color:#000000;">amending such agreement to accelerate</font><font style="display: inline;color:#000000;"> its expiration date</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and shall take all other actions consistent with and necessary to facilitate such termination.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref409158006"></a><font style="display: inline;color:#000000;">4.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Voting</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref437981815"></a><font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">During the </font><font style="display: inline;color:#000000;">Commitment Period</font><font style="display: inline;color:#000000;">, each member of the </font><font style="display: inline;color:#000000;">Stockholder Group shall, and shall cause its </font><font style="display: inline;color:#000000;">Affiliates and Associates</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">under its control </font><font style="display: inline;color:#000000;">to, appear in person or by proxy, or deliver a consent or consent revocation, as applicable, at each Stockholder Meeting and in respect of any solicitation of written consents of stockholders and to vote all shares of Common Stock beneficially owned by such person and over which such person has voting power at such Stockholder Meeting or solicitation by written consent </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">in </font><font style="display: inline;color:#000000;">accordance with the Board&#x2019;s recommendations with respect to each election of directors and any removal of directors</font><font style="display: inline;color:#000000;">, in each case as set forth in the Board&#x2019;s applicable definitive proxy statement</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> consent solicitation statement </font><font style="display: inline;color:#000000;">or consent revocation statement </font><font style="display: inline;color:#000000;">filed in respect thereof; and </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">in </font><font style="display: inline;color:#000000;">accordance with the Board&#x2019;s recommendations with respect to any other proposal to be submitted to the stockholders</font><font style="display: inline;color:#000000;"> of the Company,</font><font style="display: inline;color:#000000;"> in each case as set forth in the Board&#x2019;s applicable definitive proxy statement</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> consent solicitation statement </font><font style="display: inline;color:#000000;">or consent revocation statement </font><font style="display: inline;color:#000000;">filed in respect thereof</font><font style="display: inline;color:#000000;">; &nbsp;</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">provided</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">however</font><font style="display: inline;color:#000000;">, that</font><font style="display: inline;color:#000000;">, solely in respect of clause (ii),</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">to the extent</font><font style="display: inline;color:#000000;"> that</font><font style="display: inline;color:#000000;"> the recommendation of</font><font style="display: inline;color:#000000;"> Institutional Shareholder Services (&#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">ISS</font><font style="display: inline;color:#000000;">&#x201D;) </font><font style="display: inline;color:#000000;">differs from the </font><font style="display: inline;color:#000000;">Board&#x2019;s recommendation</font><font style="display: inline;color:#000000;">, the </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">Stockholder Group shall have the right to vote</font><font style="display: inline;color:#000000;"> any or </font><font style="display: inline;color:#000000;">all shares held by it in accordance with the recommendation of ISS.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(b)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Each member of the Stockholder Group agrees that it shall not, and that it shall not permit any of its </font><font style="display: inline;color:#000000;">Affiliates and Associates </font><font style="display: inline;color:#000000;">to, directly or indirectly, </font><font style="display: inline;color:#000000;">take any action inconsistent with this Section</font><font style="display: inline;color:#000000;"> &nbsp;4</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref409158308"></a><font style="display: inline;color:#000000;">5.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Standstill</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">During the </font><font style="display: inline;color:#000000;">Commitment Period</font><font style="display: inline;color:#000000;">, without the prior written consent of the Board, </font><font style="display: inline;color:#000000;">each member of the Stockholder Group shall not, and shall cause its </font><font style="display: inline;color:#000000;">Affiliates and Associates</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">under its control </font><font style="display: inline;color:#000000;">not to, </font><font style="display: inline;color:#000000;">directly or indirectly:</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"> (i) </font><font style="display: inline;color:#000000;">acquire or acquire rights to acquire (except by way of stock dividends or other distributions or offerings made available to holders of voting securities of the Company generally on a pro rata basis), directly or indirectly, whether by purchase, tender or exchange offer, through the acquisition of control of another person, by joining a group, through swap or hedging transactions or otherwise, any voting securities of the Company or any voting rights decoupled from the underlying voting securities which would result in the </font><font style="display: inline;color:#000000;">ownership</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">control</font><font style="display: inline;color:#000000;"> or </font><font style="display: inline;color:#000000;">other</font><font style="display: inline;color:#000000;"> beneficial ownership interest in more than</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(A) </font><font style="display: inline;color:#000000;">for </font><font style="display: inline;color:#000000;">Group&nbsp;42 and </font><font style="display: inline;color:#000000;">its </font><font style="display: inline;color:#000000;">Affiliates and Associates under its control</font><font style="display: inline;color:#000000;"> 6.5</font><font style="display: inline;color:#000000;">% of the then-outstanding shares of the Common Stock</font><font style="display: inline;color:#000000;"> in the aggregate</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">provided, however</font><font style="display: inline;color:#000000;">, that this shall exclude any grants of equity securities received by Michael Keane in his capacity as director of the Company or shares Mr. Keane is otherwise required by the Company to acquire or hold</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">and </font><font style="display: inline;color:#000000;">(B) </font><font style="display: inline;color:#000000;">for the BLR </font><font style="display: inline;color:#000000;">Group and </font><font style="display: inline;color:#000000;">its </font><font style="display: inline;color:#000000;">Affiliates and Associates under its control,</font><font style="display: inline;color:#000000;"> 8.5</font><font style="display: inline;color:#000000;">% of the then-outstanding shares of the Common Stock</font><font style="display: inline;color:#000000;"> in the aggregate; </font><font style="display: inline;text-decoration:underline;color:#000000;">provided, however</font><font style="display: inline;color:#000000;">, that the foregoing ownership limitations shall be determined independently with respect to Group 42 and its Affiliates and Associates under its control, on the one hand, and the BLR Group and its Affiliates and Associates under its control, on the other hand; </font><font style="display: inline;text-decoration:underline;color:#000000;">provided further</font><font style="display: inline;color:#000000;">, that the calculation of such ownership limitations shall exclude any stock buyback transaction by the Company that treats stockholders pro rata; </font><font style="display: inline;color:#000000;">or </font><font style="display: inline;color:#000000;">(ii) </font><font style="display: inline;color:#000000;">knowingly sell all or substantially all, through swap or hedging transactions or otherwise, the voting securities of the Company or any voting rights decoupled from the underlying voting securities held by the </font><font style="display: inline;color:#000000;">Stockholder</font><font style="display: inline;color:#000000;"> Group and its Representatives to any Third Party which would</font><font style="display: inline;color:#000000;">, to the actual knowledge of the Stockholder Group,</font><font style="display: inline;color:#000000;"> result in such Third Party, together with its </font><font style="display: inline;color:#000000;">Affiliates and Associates</font><font style="display: inline;color:#000000;">, having beneficial ownership interest of </font><font style="display: inline;color:#000000;">5.0</font><font style="display: inline;color:#000000;">% or more of the then-outstanding shares of Common Stock</font><font style="display: inline;color:#000000;"> (except for Schedule 13G filers that are mutual funds, pension funds or index funds)</font><font style="display: inline;color:#000000;">;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref409025427"></a><a name="_Ref409157626"></a><font style="display: inline;color:#000000;">(b)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(i) </font><font style="display: inline;color:#000000;">nominate or recommend for nomination a person for election at any Stockholder Meeting at which directors of the Board are to be elected or any solicitation of written consents of stockholders of the Company; </font><font style="display: inline;color:#000000;">(ii) </font><font style="display: inline;color:#000000;">initiate, encourage or participate in </font><font style="display: inline;color:#000000;">any solicitation of proxies or consents in respect of any election contest or removal contest with respect to the Company&#x2019;s directors; </font><font style="display: inline;color:#000000;">(iii) </font><font style="display: inline;color:#000000;">submit any stockholder proposal for consideration at, or bring any other business before, any Stockholder Meeting; </font><font style="display: inline;color:#000000;">(iv) </font><font style="display: inline;color:#000000;">initiate, encourage or participate in any solicitation </font><font style="display: inline;color:#000000;">of proxies or consents in respect of any stockholder proposal for consideration at, or bring any other business before, any Stockholder Meeting; </font><font style="display: inline;color:#000000;">(v) </font><font style="display: inline;color:#000000;">initiate, encourage or participate in any solicitation of written consents of stockholders; or </font><font style="display: inline;color:#000000;">(vi) </font><font style="display: inline;color:#000000;">initiate, encourage or participate in any &#x201C;withhold&#x201D; or similar campaign with respect to any </font><font style="display: inline;color:#000000;">Stockholder Meeting</font><font style="display: inline;color:#000000;"> or any </font><font style="display: inline;color:#000000;">solicitation of written consents of stockholders</font><font style="display: inline;color:#000000;">; &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">provided, however</font><font style="display: inline;color:#000000;">, that nothing in this Section</font><font style="display: inline;color:#000000;"> &nbsp;5</font><font style="display: inline;color:#000000;"> shall restrict the Stockholder Group from identifying and designating any of the Designees</font><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(c)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">form, join or in any way participate in any group with respect to any voting securities of the Company in connection with any election or removal contest with respect to the Company&#x2019;s directors (other than with other members of the Stockholder Group or one or more of their </font><font style="display: inline;color:#000000;">A</font><font style="display: inline;color:#000000;">ffiliates to the extent that any such person signs a joinder to this Agreement reasonably agreeable to the Company);</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(d)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">deposit any Company voting securities in any voting trust or subject any Company voting securities to any arrangement or agreement with respect to the voting thereof;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">seek, alone or in concert with others, to amend any provision of the Company&#x2019;s certificate of incorporation or bylaws; </font><font style="display: inline;text-decoration:underline;color:#000000;">provided</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">however</font><font style="display: inline;color:#000000;">, that nothing herein shall be deemed to restrict the ability of </font><font style="display: inline;color:#000000;">each Designee </font><font style="display: inline;color:#000000;">to propose any changes he deems appropriate in accordance with his fiduciary duties as a director of the Company; </font><a name="_Ref438019391"></a>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(f)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">e</font><font style="display: inline;color:#000000;">ffect or seek to effect, offer or propose to effect, cause or participate in, or in any way assist or facilitate any other person to effect or seek, offer or propose to effect or participate in</font><font style="display: inline;">&nbsp;</font><font style="display: inline;color:#000000;">any tender offer or exchange offer, merger, acquisition, share exchange or other business combination </font><font style="display: inline;color:#000000;">with </font><font style="display: inline;color:#000000;">the Company or any of its subsidiaries; or any recapitalization, restructuring, liquidation, dissolution or other extraordinary transaction with respect to the Company or any of its subsidiaries or any material portion of its or their businesses; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(g)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">enter into any discussions, negotiations, agreements or understandings with any Third Party with respect to the foregoing, or encourage or seek to persuade any Third Party to take any action with respect to any of the foregoing, or otherwise take or cause any action </font><font style="display: inline;color:#000000;">materially </font><font style="display: inline;color:#000000;">inconsistent with any of the foregoing</font><font style="display: inline;color:#000000;">; or</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(h)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">take any action challenging the validity or enforceability of this Section </font><font style="display: inline;color:#000000;">5</font><font style="display: inline;color:#000000;"> or this Agreement, or publicly make or in any way advance publicly any request or proposal that the Company or Board amend, modify or waive any provision of this Agreement</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">Nothing </font><font style="display: inline;color:#000000;">in this Section 5</font><font style="display: inline;color:#000000;"> shall be deemed to limit </font><font style="display: inline;color:#000000;">the ability of the</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Designees</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">to exercise</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">their</font><font style="display: inline;color:#000000;"> fiduciary duties </font><font style="display: inline;color:#000000;">under law </font><font style="display: inline;color:#000000;">solely in </font><font style="display: inline;color:#000000;">their capacity as</font><font style="display: inline;color:#000000;"> director</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> of the Company and in a manner consistent with </font><font style="display: inline;color:#000000;">their</font><font style="display: inline;color:#000000;"> obligations under this Agreement</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref409158314"></a><a name="_Ref438018079"></a><font style="display: inline;color:#000000;">6.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Mutual Non-Disparagement</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">During the </font><font style="display: inline;color:#000000;">Commitment Period</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">each Party shall not, and shall not permit any of its </font><font style="display: inline;color:#000000;">Affiliates and Associates</font><font style="display: inline;color:#000000;"> to, </font><font style="display: inline;color:#000000;">publicly disparage or criticize</font><font style="display: inline;color:#000000;"> the other Party, its business or any current or former directors, officers or employees of the other Party, as applicable. </font><a name="_Ref436919571"></a>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref438020742"></a><font style="display: inline;color:#000000;">7.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">No</font><font style="display: inline;text-decoration:underline;color:#000000;"> Litigation</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">During </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Commitment Period</font><font style="display: inline;color:#000000;">:</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Each </font><font style="display: inline;color:#000000;">Party hereby </font><font style="display: inline;color:#000000;">covenants and agrees that it shall not, and shall not permit any of its </font><font style="display: inline;color:#000000;">Affiliates and Associates</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">under its control </font><font style="display: inline;color:#000000;">to, directly or indirectly, alone or in concert with others, pursue, or assist any other person to initiate or pursue, any </font><font style="display: inline;color:#000000;">lawsuit, claim or proceeding before any court (collectively, &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Legal Proceeding&#x201D;) </font><font style="display: inline;color:#000000;">against </font><font style="display: inline;color:#000000;">the other Party </font><font style="display: inline;color:#000000;">or any of its Representatives, except for any </font><font style="display: inline;color:#000000;">Legal Proceeding </font><font style="display: inline;color:#000000;">initiated solely to remedy a breach of or to enforce this Agreement; </font><font style="display: inline;text-decoration:underline;color:#000000;">provided</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">however</font><font style="display: inline;color:#000000;">, that the foregoing shall not prevent any </font><font style="display: inline;color:#000000;">Party </font><font style="display: inline;color:#000000;">or any of their Representatives from responding to a Legal Requirement in connection with any Legal Proceeding if such Legal Proceeding has not been initiated by, or on behalf of, or at the suggestion of, </font><font style="display: inline;color:#000000;">such Party </font><font style="display: inline;color:#000000;">or any of their Representatives; </font><font style="display: inline;text-decoration:underline;color:#000000;">provided</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">further</font><font style="display: inline;color:#000000;">, that in the event </font><font style="display: inline;color:#000000;">any </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">Party</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">or any of its Representatives receives such Legal Requirement, such Party shall give prompt written notice of such Legal Requirement to the </font><font style="display: inline;color:#000000;">other Party</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt 36pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">8.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Press Release and SEC Filings</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">No later than </font><font style="display: inline;color:#000000;">one (1) Business Day</font><font style="display: inline;color:#000000;"> following the execution of this Agreement, the Company and the Stockholder Group shall announce the entry into this Agreement and the material terms hereof by means of a mutually agreed upon press release in the form attached hereto as </font><font style="display: inline;text-decoration:underline;color:#000000;">Exhibit </font><font style="display: inline;text-decoration:underline;color:#000000;">B</font><font style="display: inline;color:#000000;"> or as otherwise agreed to by the Parties (the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Mutual Press Release</font><font style="display: inline;color:#000000;">&#x201D;). Prior to the issuance of the Mutual Press Release, neither the Company nor the Stockholder Group shall issue any press release or public announcement regarding this Agreement or take any action that would require public disclosure thereof without the prior written consent of the other Party.&nbsp;&nbsp;No Party or any of its Representatives shall make any public statement (including, without limitation, in any filing required under the Exchange Act) concerning the subject matter of this Agreement inconsistent with the Press Release</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">except as required by law or the rules of </font><font style="display: inline;color:#000000;">any applicable stock exchange </font><font style="display: inline;color:#000000;">or with the prior written consent of the </font><font style="display: inline;color:#000000;">Stockholder </font><font style="display: inline;color:#000000;">Group and/or the Company, as applicable, and otherwise in accordance with this Agreement</font><font style="display: inline;color:#000000;">.&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(b)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">No later than </font><font style="display: inline;color:#000000;">two</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(2) </font><font style="display: inline;color:#000000;">Business Days following the execution of this Agreement, the Stockholder Group shall file with the SEC a Schedule 13D in compliance with Section 13 of the Exchange Act, reporting its entry into this Agreement, disclosing applicable items to conform to its obligations hereunder and appending this Agreement as an exhibit thereto (the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Schedule&nbsp;13D</font><font style="display: inline;color:#000000;">&#x201D;).&nbsp;&nbsp;The Schedule 13D shall be consistent with the Mutual Press Release and the terms of this Agreement.&nbsp;&nbsp;The Stockholder Group shall provide the Company and its Representatives with a reasonable opportunity to review the Schedule 13D prior to it being filed with the SEC and consider in good faith any comments of the C</font><font style="display: inline;color:#000000;">ompany and its Representatives.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(c)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">No later than </font><font style="display: inline;color:#000000;">two</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(2) </font><font style="display: inline;color:#000000;">Business Days following the execution of this Agreement, the Company shall file with the SEC a Current Report on Form 8-K, reporting its entry into this Agreement and appending this Agreement and the Mutual Press Release as an exhibit thereto (the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Form 8-K</font><font style="display: inline;color:#000000;">&#x201D;).&nbsp;&nbsp;The Form 8-K shall be consistent with the Mutual Press Release and the terms of this Agreement.&nbsp;&nbsp;The Company shall provide the Stockholder Group and its Representatives with a reasonable opportunity to review and comment on the Form 8-K prior to the filing with the SEC and consider in good faith any comments of the Stockholder Group and its Representatives. </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref438014759"></a><a name="_Ref409158135"></a><font style="display: inline;color:#000000;">9.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Confidentiality</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Each member of the Stockholder Group </font><font style="display: inline;color:#000000;">acknowledges that certain information concerning the business and affairs of the Company (&#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Confidential Information</font><font style="display: inline;color:#000000;">&#x201D;) may be disclosed to the Stockholder Group and its Representatives by the Company and its Representatives.&nbsp; </font><font style="display: inline;color:#000000;">Each member of</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">the Stockholder Group </font><font style="display: inline;color:#000000;">agrees that the Confidential Information shall be kept confidential and that </font><font style="display: inline;color:#000000;">the Stockholder Group </font><font style="display: inline;color:#000000;">and its Representatives shall not disclose any of the Confidential Information in any manner whatsoever without the specific prior written consent of the Company unless pursuant to paragraph (b) below; </font><font style="display: inline;text-decoration:underline;color:#000000;">provided</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">however</font><font style="display: inline;color:#000000;">, that the term &#x201C;Confidential Information&#x201D; shall not include information that </font><font style="display: inline;color:#000000;">(i) </font><font style="display: inline;color:#000000;">was already in the possession</font><font style="display: inline;color:#000000;"> of the Stockholder Group, (ii) </font><font style="display: inline;color:#000000;">was in or enters the public domain, or was or becomes generally available to the public, other than as a result of the disclosure by </font><font style="display: inline;color:#000000;">any member of the Stockholder Group </font><font style="display: inline;color:#000000;">or any of its Representatives in violation of the terms of this </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">Agreement; or </font><font style="display: inline;color:#000000;">(iii)</font><font style="display: inline;">&nbsp;</font><font style="display: inline;color:#000000;">was independently developed or acquired by </font><font style="display: inline;color:#000000;">any member of the Stockholder Group </font><font style="display: inline;color:#000000;">without violating any of the obligations of </font><font style="display: inline;color:#000000;">any member of the Stockholder Group</font><font style="display: inline;color:#000000;"> or any of its Representatives under this Agreement or any other confidentiality agreement, or under any other contractual, legal, fiduciary or binding obligation of </font><font style="display: inline;color:#000000;">any member of the Stockholder Group</font><font style="display: inline;color:#000000;"> or any of its Representatives and without use of any Confidential Information.&nbsp;&nbsp;</font><font style="display: inline;color:#000000;">Each member of the Stockholder Group </font><font style="display: inline;color:#000000;">shall undertake reasonable precautions to safeguard and protect the confidentiality of the Confidential Information, to accept responsibility for any breach of this Section</font><font style="display: inline;color:#000000;"> &nbsp;9</font><font style="display: inline;color:#000000;"> by any of its Representatives, including taking all reasonable measures (including </font><font style="display: inline;color:#000000;">Legal</font><font style="display: inline;color:#000000;"> Proceedings) to restrain its Representatives from prohibited or unauthorized disclosures or uses of the Confidential Information. For the avoidance of doubt, the term &#x201C;Confidential Information&#x201D; shall include any information relating to the discussions or negotiations between the Company and its Representatives, on the one hand, and </font><font style="display: inline;color:#000000;">the Stockholder Group</font><font style="display: inline;color:#000000;"> and its Representatives, on the other hand. </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(b)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">In the event that any member of the Stockholder Group </font><font style="display: inline;color:#000000;">or</font><font style="display: inline;color:#000000;"> any of </font><font style="display: inline;color:#000000;">its </font><font style="display: inline;color:#000000;">Representatives is required to disclose any Confidential Information by </font><font style="display: inline;color:#000000;">law, regulation, the rules of any applicable stock exchange, including, but not limited to, by </font><font style="display: inline;color:#000000;">oral questions, interrogatories, requests for information or </font><font style="display: inline;color:#000000;">documents</font><font style="display: inline;color:#000000;">, subpoenas, civil investigative demands or similar processes (a &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Legal Requirement</font><font style="display: inline;color:#000000;">&#x201D;), </font><font style="display: inline;color:#000000;">such </font><font style="display: inline;color:#000000;">member of the Stockholder Group</font><font style="display: inline;color:#000000;"> and its </font><font style="display: inline;color:#000000;">Representatives shall</font><font style="display: inline;color:#000000;">, to the extent legally permitted</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(i) </font><font style="display: inline;color:#000000;">provide the Company </font><font style="display: inline;color:#000000;">reasonably </font><font style="display: inline;color:#000000;">prompt notice of such Legal Requirement so that the Company may seek an appropriate protective order and waive compliance with the provisions of this Agreement; and </font><font style="display: inline;color:#000000;">(ii) </font><font style="display: inline;color:#000000;">consult with the Company as to the advisability of taking legally available steps to resist or narrow any disclosure pursuant to such Legal Requirement.&nbsp;&nbsp;If, in the absence of a protective order or the receipt of a waiver hereunder, </font><font style="display: inline;color:#000000;">such </font><font style="display: inline;color:#000000;">member of the Stockholder Group is advised by </font><font style="display: inline;color:#000000;">its </font><font style="display: inline;color:#000000;">outside legal counsel that it is legally required </font><font style="display: inline;color:#000000;">or advised </font><font style="display: inline;color:#000000;">to disclose such Confidential Information, </font><font style="display: inline;color:#000000;">such </font><font style="display: inline;color:#000000;">member of the Stockholder Group may disclose to the required person that portion (and only that portion) of the Confidential Information that such counsel has advised it is required</font><font style="display: inline;color:#000000;"> or advised</font><font style="display: inline;color:#000000;"> to be disclosed; </font><font style="display: inline;text-decoration:underline;color:#000000;">provided</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">however</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> that </font><font style="display: inline;color:#000000;">such </font><font style="display: inline;color:#000000;">member of the Stockholder Group shall give the Company written notice as far in advance of its disclosure as is reasonably practicable and shall </font><font style="display: inline;color:#000000;">reasonably </font><font style="display: inline;color:#000000;">cooperate using commercially reasonable efforts in assisting the Company in connection with the Company seeking to obtain an order or other reliable assurance that confidential treatment </font><font style="display: inline;color:#000000;">shall</font><font style="display: inline;color:#000000;"> be accorded to such portion of the Confidential Information required to be disclosed.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(c)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">For the avoidance of doubt, the obligations under this Section </font><font style="display: inline;color:#000000;">9</font><font style="display: inline;color:#000000;"> shall be in addition to, and not in lieu of, the Stockholder</font><font style="display: inline;color:#000000;"> Designee</font><font style="display: inline;color:#000000;">&#x2019;s confidentiality obligations under Delaware law and the certificate of incorporation, bylaws and applicable corporate </font><font style="display: inline;color:#000000;">governance </font><font style="display: inline;color:#000000;">policies of the </font><font style="display: inline;color:#000000;">Company</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref409158145"></a><font style="display: inline;color:#000000;">10.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Compliance with Securities Laws</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Each member of the Stockholder Group acknowledges that the U.S. securities laws generally prohibit any person who has received from an issuer material, non-public information concerning such issuer from purchasing or selling securities of such issuer or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref409158153"></a><a name="_Ref438014811"></a>
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		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;"></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">11.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Affiliates and Associates</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;">&nbsp;</font><font style="display: inline;color:#000000;">Each member of the Stockholder Group </font><font style="display: inline;color:#000000;">shall</font><font style="display: inline;color:#000000;"> cause its </font><font style="display: inline;color:#000000;">controlled </font><font style="display: inline;color:#000000;">Affiliates and Associates to comply with the terms of this Agreement and shall be responsible for any breach of this Agreement by any such </font><font style="display: inline;color:#000000;">controlled Affiliate or Associate.&nbsp;&nbsp;A</font><font style="display: inline;color:#000000;"> breach of this Agreement by a</font><font style="display: inline;color:#000000;"> controlled</font><font style="display: inline;color:#000000;"> Affiliate or Associate of any member of the </font><font style="display: inline;color:#000000;">Stockholder </font><font style="display: inline;color:#000000;">Group, if such </font><font style="display: inline;color:#000000;">controlled </font><font style="display: inline;color:#000000;">Affiliate or Associate is not a </font><font style="display: inline;color:#000000;">P</font><font style="display: inline;color:#000000;">arty, shall be deemed to occur if such </font><font style="display: inline;color:#000000;">controlled</font><font style="display: inline;color:#000000;"> Affiliate or Associate engages in conduct that would constitute a breach of this Agreement if such </font><font style="display: inline;color:#000000;">controlled</font><font style="display: inline;color:#000000;"> Affiliate or Associate was a </font><font style="display: inline;color:#000000;">P</font><font style="display: inline;color:#000000;">arty to the same extent as the </font><font style="display: inline;color:#000000;">Stockholder </font><font style="display: inline;color:#000000;">Group</font><font style="display: inline;color:#000000;">.</font>
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		<p style="margin:0pt 0pt 12pt;text-indent:36pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">12.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Representations and Warranties</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref409158523"></a><font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Each of </font><font style="display: inline;color:#000000;">Mr. Bell</font><font style="display: inline;color:#000000;">, Mr. Keane</font><font style="display: inline;color:#000000;"> and Mr. Radoff </font><font style="display: inline;color:#000000;">represents and warrants that he is </font><font style="display: inline;font-style:italic;color:#000000;">sui juris</font><font style="display: inline;color:#000000;"> and of full capacity. Each member of the Stockholder Group represents and warrants that it has full power and authority to execute, deliver and carry out the terms and provisions of this Agreement and to consummate the transactions contemplated hereby, and that this Agreement has been duly and validly executed and delivered by </font><font style="display: inline;color:#000000;">each </font><font style="display: inline;color:#000000;">member of the Stockholder Group, constitutes a valid and binding obligation and agreement of </font><font style="display: inline;color:#000000;">each member of the Stockholder Group </font><font style="display: inline;color:#000000;">and is enforceable against each member of the Stockholder Group in accordance with its terms.&nbsp;&nbsp;Each member of the Stockholder Group represents and warrants that, as of the date of this Agreement, </font><font style="display: inline;color:#000000;">the Stockholder Group</font><font style="display: inline;color:#000000;"> beneficially owns </font><font style="display: inline;color:#000000;">6,474,692</font><font style="display: inline;color:#000000;"> shares of the Common Stock, has voting authority over such shares, and owns no Synthetic Equity Interests or any Short Interests in the Company.&nbsp;&nbsp;Each member of the Stockholder Group represents and warrants that it has not formed, is no member of, any group with any other person </font><font style="display: inline;color:#000000;">(other than the members of the group formed pursuant to the Stockholder Group&#x2019;s Schedule 13D filed with the SEC) </font><font style="display: inline;color:#000000;">and does not act in concert with any other person.&nbsp;&nbsp;&nbsp;Each member of the Stockholder Group represents and warrants that </font><font style="display: inline;color:#000000;">it </font><font style="display: inline;color:#000000;">has not, directly or indirectly, compensated or agreed to, and </font><font style="display: inline;color:#000000;">shall</font><font style="display: inline;color:#000000;"> not, compensate either of the </font><font style="display: inline;color:#000000;">Designees</font><font style="display: inline;color:#000000;"> for his respective service as a director of the Company with any cash, securities (including any rights or options convertible into or exercisable for or exchangeable into securities or any profit sharing agreement or arrangement) or other form of compensation directly or indirectly related to the Company or its securities, </font><font style="display: inline;color:#000000;">except for</font><font style="display: inline;color:#000000;">, in the case of the </font><font style="display: inline;color:#000000;">Stockholder Group </font><font style="display: inline;color:#000000;">Designee</font><font style="display: inline;color:#000000;"> &nbsp;(</font><font style="display: inline;color:#000000;">and</font><font style="display: inline;color:#000000;"> any </font><font style="display: inline;color:#000000;">Stockholder Group </font><font style="display: inline;color:#000000;">Replacement</font><font style="display: inline;color:#000000;"> Designee</font><font style="display: inline;color:#000000;">), any performance-based compensation tied to the investments of </font><font style="display: inline;color:#000000;">Group 42, Fondren Management, LP or their </font><font style="display: inline;color:#000000;">Affiliates</font><font style="display: inline;color:#000000;"> (other than the Company).</font><a name="_Ref409158323"></a>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(b)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">The Company hereby represents and warrants that it has the power and authority to execute, deliver and carry out the terms and provisions of this Agreement and to consummate the transactions contemplated hereby, and that this Agreement has been duly and validly authorized, executed and delivered by the Company, constitutes a valid and binding obligation and agreement of the Company and is enforceable against the Company in accordance with its terms.</font><font style="display: inline;color:#000000;"> The Company further represents and warrants that prior to the execution of this Agreement, consistent with their fiduciary duties, the Board approved the Stockholder Group Designee.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref409158207"></a><a name="_Ref438014847"></a><font style="display: inline;color:#000000;">13.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Termination</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Each Party shall have the right to terminate this Agreement by giving written notice to the other Party at any time </font><font style="display: inline;color:#000000;">following the date that is the thirtieth (30</font><font style="display: inline;color:#000000;font-size:6pt;top:-4pt;position:relative;line-height:100%">th</font><font style="display: inline;color:#000000;">) day prior to the nomination deadline for the 2017 annual general meeting of stockholders (the date of such termination, the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Termination Date</font><font style="display: inline;color:#000000;">&#x201D;)</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Notwithstanding the foregoing,</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;"></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">obligations</font><font style="display: inline;color:#000000;"> of the Stockholder Group pursuant to Section </font><font style="display: inline;color:#000000;">4</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">Section </font><font style="display: inline;color:#000000;">5, Section 6</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and Section </font><font style="display: inline;color:#000000;">7</font><font style="display: inline;color:#000000;"> shall terminate in the event the Company materially breaches its obligations pursuant to Section </font><font style="display: inline;color:#000000;">2, Section 3, </font><font style="display: inline;color:#000000;">Section </font><font style="display: inline;color:#000000;">6</font><font style="display: inline;color:#000000;"> or Section </font><font style="display: inline;color:#000000;">7</font><font style="display: inline;color:#000000;"> or the representations and warranties in Section&nbsp;</font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">12(b)</font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"> of this Agreement </font><font style="display: inline;color:#000000;">and</font><font style="display: inline;color:#000000;"> such breach has not been cured within 30 days following written notice of such breach; </font><font style="display: inline;text-decoration:underline;color:#000000;">provided</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">however</font><font style="display: inline;color:#000000;">, that any termination in respect of a breach of Section </font><font style="display: inline;color:#000000;">6</font><font style="display: inline;color:#000000;"> requires a determination of a court of competent jurisdiction that the Company has materially breached Section </font><font style="display: inline;color:#000000;">6</font><font style="display: inline;color:#000000;">; &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">provided</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">further</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">that the obligations of the Stockholder Group pursuant to </font><font style="display: inline;color:#000000;">Section </font><font style="display: inline;color:#000000;">7</font><font style="display: inline;color:#000000;"> shall terminate immediately in the event that the Company materially breaches its obligations under Section </font><font style="display: inline;color:#000000;">7</font><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(b)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">obligations</font><font style="display: inline;color:#000000;"> of the </font><font style="display: inline;color:#000000;">Company </font><font style="display: inline;color:#000000;">pursuant to Section </font><font style="display: inline;color:#000000;">2</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">Section </font><font style="display: inline;color:#000000;">3,</font><font style="display: inline;color:#000000;"> Section </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">&#x200E;</font><font style="display: inline;color:#000000;">6</font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and Section 7 </font><font style="display: inline;color:#000000;">shall terminate in the event any member of the Stockholder Group materially breaches its obligations in Section 1, Section </font><font style="display: inline;color:#000000;">4</font><font style="display: inline;color:#000000;">, Section </font><font style="display: inline;color:#000000;">5</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">Section </font><font style="display: inline;color:#000000;">6,</font><font style="display: inline;color:#000000;"> Section </font><font style="display: inline;color:#000000;">7</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">or Section 9 </font><font style="display: inline;color:#000000;">or the representations and warranties in Section </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">12(a)</font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and</font><font style="display: inline;color:#000000;"> such breach has not been cured within 30 days following written notice of such breach; </font><font style="display: inline;text-decoration:underline;color:#000000;">provided</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">however</font><font style="display: inline;color:#000000;">, that any termination in respect of a breach of Section </font><font style="display: inline;color:#000000;">&#x200E;</font><font style="display: inline;color:#000000;">6</font><font style="display: inline;color:#000000;"> requires a determination of a court of competent jurisdiction that the </font><font style="display: inline;color:#000000;">Stockholder Group </font><font style="display: inline;color:#000000;">has materially breached Section </font><font style="display: inline;color:#000000;">6</font><font style="display: inline;color:#000000;">; &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">provided</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">further</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">that the obligations of the Company pursuant to </font><font style="display: inline;color:#000000;">Section </font><font style="display: inline;color:#000000;">7</font><font style="display: inline;color:#000000;"> shall terminate immediately in the event that any member of the Stockholder Group materially breaches its obligations under Section </font><font style="display: inline;color:#000000;">7; and</font><font style="display: inline;color:#000000;">&nbsp;</font>
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		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(c)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Section </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">9</font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">this Section </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">13</font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"> and </font><font style="display: inline;color:#000000;">Sections </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">14</font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"> to </font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">19</font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">shall continue to be in effect for a period of two years following such termination.</font>
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		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">No termination shall relieve any Party from liability for any breach of this Agreement prior to such termination</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref409158172"></a><a name="_Ref438014865"></a><font style="display: inline;color:#000000;">14.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Expenses</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Each Party shall be responsible for its own fees and expenses incurred in connection with the negotiation, execution and effectuation of this Agreement and the transactions contemplated hereby</font><font style="display: inline;color:#000000;">, including, but not limited to, matters related to the </font><font style="display: inline;color:#000000;">C</font><font style="display: inline;color:#000000;">onsent </font><font style="display: inline;color:#000000;">S</font><font style="display: inline;color:#000000;">olicitation; </font><font style="display: inline;text-decoration:underline;color:#000000;">provided</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">however</font><font style="display: inline;color:#000000;">, that the Company shall reimburse the Stockholder Group for reasonable</font><font style="display: inline;color:#000000;"> and documented </font><font style="display: inline;color:#000000;">expenses associated with the negotiation</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> execution</font><font style="display: inline;color:#000000;"> and effectuation</font><font style="display: inline;color:#000000;"> of this Agreement</font><font style="display: inline;color:#000000;"> and the C</font><font style="display: inline;color:#000000;">onsent </font><font style="display: inline;color:#000000;">S</font><font style="display: inline;color:#000000;">olicitation</font><font style="display: inline;color:#000000;">, including, but not limited to, legal fees,</font><font style="display: inline;color:#000000;"> in an amount not to exceed $</font><font style="display: inline;color:#000000;">350</font><font style="display: inline;color:#000000;">,000.</font>
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			<a name="_Ref409158572"></a>
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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;"></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">15.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Notices</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;All notices, demands and other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given when delivered by hand, with written confirmation of receipt; upon sending if sent by facsimile to the facsimile numbers below, with electronic confirmation of sending; one day after being sent by a nationally recognized overnight carrier to the addresses set forth below; or when actually delivered if sent by any other method that results in delivery, with written confirmation of receipt:</font>
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		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
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					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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						&nbsp;</p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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						&nbsp;</p>
					<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden">
						&nbsp;</p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden">
						&nbsp;</p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden">
						&nbsp;</p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 12pt">
						<font style="display: inline;color:#000000;">H</font><font style="display: inline;color:#000000;">. Liekefett, Esq.</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 12pt">
						<font style="display: inline;color:#000000;">212.237.0100</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden">
						&nbsp;</p>
					<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden">
						&nbsp;</p>
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				<td valign="top" style="width:48.14%;padding:0pt;">
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">If to the Company:</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">VAALCO Energy, Inc.</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">9800 Richmond Avenue, Suite 700</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Houston, Texas 7704</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Attention:&nbsp;&nbsp;General Counsel</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Facsimile:&nbsp;&nbsp;713.623.0982</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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				<td valign="top" style="width:51.86%;padding:0pt;">
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">with a copy (which shall not constitute notice) to:</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Vinson &amp; Elkins L.L.P.</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">666 Fifth Avenue, 26th Floor</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">New York, NY&nbsp;&nbsp;10103-0040</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Attention:&nbsp;&nbsp;Stephen M. Gill, Kai </font><font style="display: inline;color:#000000;">H</font><font style="display: inline;color:#000000;">. Liekefett, Esq.</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Facsimile:&nbsp; </font><font style="display: inline;color:#000000;">212.237.0100</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">If to the Stockholder Group:</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Group 42, Inc.</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">312 Pearl Pkwy.</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">CIA Building II, Suite 2403</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">San Antonio, TX 78215</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Attention: Paul A. Bell</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Facsimile: </font><font style="display: inline;color:#000000;">210.824.5848</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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				<td valign="top" style="width:51.86%;padding:0pt;">
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">with a copy (which shall not constitute notice) to:</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Olshan Frome Wolosky LLP</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Park Avenue Tower</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">65 East 55th Street</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">New York, NY 10022</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Attention:&nbsp; </font><font style="display: inline;color:#000000;">Steve Wolosky</font><font style="display: inline;color:#000000;">, Esq.</font><font style="display: inline;color:#000000;">, Aneliya S. Crawford, Esq.</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Facsimile:&nbsp;&nbsp;212.451.</font><font style="display: inline;color:#000000;">2222</font></p>
					<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">16.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Governing Law; Jurisdiction; Jury Waiver</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">This Agreement, and any disputes arising out of or related to this Agreement (whether for breach of contract, tortious conduct or otherwise), shall be governed by, and construed in accordance with, the laws of the State of </font><font style="display: inline;color:#000000;">Delaware</font><font style="display: inline;color:#000000;">, without giving effect to its conflict of laws principles.&nbsp;&nbsp;The Parties agree that exclusive jurisdiction and venue for any </font><font style="display: inline;color:#000000;">Legal Proceeding </font><font style="display: inline;color:#000000;">arising out of or related to this Agreement shall exclusively lie in the Court of Chancery of the State of Delaware or, if such Court does not have subject matter jurisdiction, to the Superior Court of the State of Delaware or, if jurisdiction is vested exclusively in the Federal courts of the United States, the Federal courts of the United States sitting in the State of Delaware, and any appellate court from any such state or Federal court.&nbsp;&nbsp;Each Party waives any objection it may now or hereafter have to the laying of venue of any such </font><font style="display: inline;color:#000000;">Legal Proceeding</font><font style="display: inline;color:#000000;">, and irrevocably submits to personal jurisdiction in any such court in any such </font><font style="display: inline;color:#000000;">Legal Proceeding </font><font style="display: inline;color:#000000;">and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any court that any such </font><font style="display: inline;color:#000000;">Legal Proceeding </font><font style="display: inline;color:#000000;">brought in any such court has been brought in any inconvenient forum.&nbsp;&nbsp;Each Party consents to accept service of process in any </font><font style="display: inline;color:#000000;">such </font><font style="display: inline;color:#000000;">Legal Proceeding </font><font style="display: inline;color:#000000;">by service of a copy thereof upon either its registered agent in the State of Delaware or the Secretary of State of the State of Delaware, with a copy delivered to it by certified or registered mail, postage prepaid, return receipt requested, addressed to it at the address set forth in Section</font><font style="display: inline;color:#000000;"> 15</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Nothing contained herein shall be deemed to affect the right of any Party to serve process in any manner permitted by law.&nbsp;&nbsp;EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY </font><font style="display: inline;color:#000000;">LEGAL</font><font style="display: inline;color:#000000;"> PROCEEDING</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">ARISING OUT OF OR RELATED TO THIS AGREEMENT</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref409159048"></a><font style="display: inline;color:#000000;">17.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Specific Performance</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">Each member of the Stockholder Group, on the one hand, and the Company, on the other hand, acknowledges and agrees that irreparable injury to the other Party would occur in the event any provision of this Agreement were not performed in accordance with such provision&#x2019;s specific terms or were otherwise breached or threatened to be breached and that such injury </font><font style="display: inline;color:#000000;">would</font><font style="display: inline;color:#000000;"> not be adequately compensable by the remedies available at law (including the payment of money damages).&nbsp;&nbsp;It is accordingly agreed that each member of the Stockholder Group, on the one hand, and the Company, on the other hand (the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Moving Party</font><font style="display: inline;color:#000000;">&#x201D;), shall each be entitled to specific enforcement of, and injunctive relief to prevent any violation of, the terms hereof, and the other Party hereto shall not take action, directly or indirectly, in opposition to the Moving Party seeking such relief on the grounds that any other remedy or relief is available at law or in equity.&nbsp;&nbsp;This Section</font><font style="display: inline;color:#000000;"> 17</font><font style="display: inline;color:#000000;"> shall not be the exclusive remedy for any violation of this Agreement.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">18.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Certain Definitions and Interpretations</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;As used in this Agreement:&nbsp; </font><font style="display: inline;color:#000000;">(a) </font><font style="display: inline;color:#000000;">the terms </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Affiliate</font><font style="display: inline;color:#000000;">&#x201D; and &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Associate</font><font style="display: inline;color:#000000;">&#x201D; &nbsp;</font><font style="display: inline;color:#000000;">(and any plurals thereof) have the meanings ascribed to such terms under</font><font style="display: inline;color:#000000;"> Rule 12b-2 promulgated by the SEC under the Exchange Act and shall include all persons or entities that at any time </font><font style="display: inline;color:#000000;">prior to the Termination Date </font><font style="display: inline;color:#000000;">become Affiliates or Associates of any person or entity referred to in this Agreement</font><font style="display: inline;color:#000000;">; &nbsp;</font><font style="display: inline;color:#000000;">(b) </font><font style="display: inline;color:#000000;">the term</font><font style="display: inline;color:#000000;">&nbsp;&#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Annual Meeting</font><font style="display: inline;color:#000000;">&#x201D; means each </font><font style="display: inline;color:#000000;">annual meeting of stockholders of the Company and any adjournment, postponement, reschedulings or continuations thereof</font><font style="display: inline;color:#000000;">; &nbsp;</font><font style="display: inline;color:#000000;">(c) </font><font style="display: inline;color:#000000;">the term </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Exchange Act</font><font style="display: inline;color:#000000;">&#x201D; means the Securities </font><font style="display: inline;color:#000000;">Exchange</font><font style="display: inline;color:#000000;"> Act of 1934, as amended, and the rules and regulations promulgated thereunder;</font><font style="display: inline;color:#000000;">(d) </font><font style="display: inline;color:#000000;">&nbsp;the terms &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">beneficial ownership</font><font style="display: inline;color:#000000;">,&#x201D; &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">group</font><font style="display: inline;color:#000000;">,&#x201D; &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">person</font><font style="display: inline;color:#000000;">,&#x201D; &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">proxy</font><font style="display: inline;color:#000000;">,&#x201D; and &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">solicitation</font><font style="display: inline;color:#000000;">&#x201D; (and any plurals thereof) have the meanings ascribed to such terms under the Exchange Act; </font><font style="display: inline;color:#000000;">(e) </font><font style="display: inline;color:#000000;">the term &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Business Day</font><font style="display: inline;color:#000000;">&#x201D; means any day that is not a Saturday, Sunday or other day on which commercial banks in the State of Delaware are authorized or obligated to be closed by applicable law; </font><font style="display: inline;color:#000000;">(f) </font><font style="display: inline;color:#000000;">the term &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Representatives</font><font style="display: inline;color:#000000;">&#x201D; means a person&#x2019;s </font><font style="display: inline;color:#000000;">A</font><font style="display: inline;color:#000000;">ffiliates and </font><font style="display: inline;color:#000000;">A</font><font style="display: inline;color:#000000;">ssociates </font><font style="display: inline;color:#000000;">under its control </font><font style="display: inline;color:#000000;">and its and their respective directors, officers, employees, partners, members, managers, consultants, legal or other advisors, </font><font style="display: inline;color:#000000;">agents and other representatives</font><font style="display: inline;color:#000000;">; &nbsp;</font><font style="display: inline;color:#000000;">(g) </font><font style="display: inline;color:#000000;">the term &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">SEC</font><font style="display: inline;color:#000000;">&#x201D; means the U.S. Securities and Exchange Commission; </font><font style="display: inline;color:#000000;">(h) </font><font style="display: inline;color:#000000;">the term </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Short Interests</font><font style="display: inline;color:#000000;">&#x201D; means any agreement, arrangement, understanding or relationship, including any repurchase or similar so-called &#x201C;stock borrowing&#x201D; agreement or arrangement, engaged in, directly or indirectly, by such person, the purpose or effect of which is to mitigate loss to, reduce the economic risk (of ownership or otherwise) of shares of any class or series of the Company&#x2019;s equity securities by, manage the risk of share price changes for, or increase or decrease the voting power of, such person with respect to the shares of any class or series of the Company&#x2019;s equity securities, or which provides, directly or indirectly, the opportunity to profit from any decrease in the price or value of the shares of any class or series of the Company&#x2019;s equity securities;</font><font style="display: inline;color:#000000;">(i) </font><font style="display: inline;color:#000000;">the term </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Stockholder Meeting</font><font style="display: inline;color:#000000;">&#x201D; means each </font><font style="display: inline;color:#000000;">annual or special meeting of stockholders of the Company, or any other meeting of stockholders held in lieu thereof, and any adjournment, postponement, reschedulings or continuations thereof;</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(j) </font><font style="display: inline;color:#000000;">the term </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Synthetic Equity Interests</font><font style="display: inline;color:#000000;">&#x201D; means any derivative, swap or other transaction or series of transactions engaged in, directly or indirectly, by such person, the purpose or effect of which is to give such person economic risk similar to ownership of equity securities of any class or series of the Company, including due to the fact that the value of such derivative, swap or other transactions are determined by reference to the price, value or volatility of any shares of any class or series of the Company&#x2019;s equity securities, or which derivative, swap or other transactions provide, directly or indirectly, the opportunity to profit from any increase in the price or value of shares of any class or series of the Company&#x2019;s equity securities, without regard to whether </font><font style="display: inline;color:#000000;">(i) </font><font style="display: inline;color:#000000;">the derivative, swap or other transactions convey any voting rights in such equity securities to such person; </font><font style="display: inline;color:#000000;">(ii) </font><font style="display: inline;color:#000000;">the derivative, swap or other transactions are required to be, or are capable of being, </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">settled through delivery of such equity securities; or </font><font style="display: inline;color:#000000;">(iii) s</font><font style="display: inline;color:#000000;">uch person may have entered into other transactions that hedge or mitigate the economic effect of such derivative, swap or other transactions;</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and </font><font style="display: inline;color:#000000;">(k) </font><font style="display: inline;color:#000000;">the term &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Third Party</font><font style="display: inline;color:#000000;">&#x201D; refer</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> to any person that is not a Party, a member of the Board, a director or officer of the Company, or legal counsel to any Party.&nbsp; </font><font style="display: inline;color:#000000;">In this Agreement, unless a clear contrary intention appears, </font><font style="display: inline;color:#000000;">(i) </font><font style="display: inline;color:#000000;">the word &#x201C;including&#x201D; (in its various forms) means &#x201C;including, without limitation;&#x201D; </font><font style="display: inline;color:#000000;">(ii) t</font><font style="display: inline;color:#000000;">he words &#x201C;hereunder,&#x201D; &#x201C;hereof,&#x201D; &#x201C;hereto&#x201D; and words of similar import are references in this Agreement as a whole and not to any particular provision of this Agreement; </font><font style="display: inline;color:#000000;">(iii) </font><font style="display: inline;color:#000000;">the word &#x201C;or&#x201D; is not exclusive; and </font><font style="display: inline;color:#000000;">(iv) </font><font style="display: inline;color:#000000;">references to &#x201C;Sections&#x201D; in this Agreement are references to Sections of this Agreement unless otherwise indicated.&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_Ref409158175"></a><font style="display: inline;color:#000000;">19.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Miscellaneous</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">This Agreement contains the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the Parties with respect to the subject matter hereof and thereof.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(b)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">This Agreement is solely for the benefit of the Parties and is not enforceable by any other persons.&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(c)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">This Agreement shall not be assignable by operation of law or otherwise by a Party without the consent of the other Party.&nbsp;&nbsp;Subject to the foregoing sentence, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by and against the permitted successors and assigns of each Party.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(d)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Neither the failure nor any delay by a Party in exercising any right, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise </font><font style="display: inline;color:#000000;">thereof</font><font style="display: inline;color:#000000;"> preclude any other or further exercise thereof or the exercise of any right, power or privilege hereunder.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated.&nbsp;&nbsp;It is hereby stipulated and declared to be the intention of the Parties that the Parties would have executed the remaining terms, provisions, covenants and restrictions without including any of such which may be hereafter declared invalid, void or unenforceable.&nbsp;&nbsp;In addition, the Parties agree to use their reasonable best efforts to agree upon and substitute a valid and enforceable term, provision, covenant or restriction for any of such that is held invalid, void or enforceable by a court of competent jurisdiction.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(f)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Any amendment or modification of the terms and conditions set forth herein or any waiver of such terms and conditions must be agreed to in a writing signed by each Party.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(g)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same agreement. Signatures to this Agreement transmitted by facsimile transmission, by electronic mail in &#x201C;portable document format&#x201D; (&#x201C;.pdf&#x201D;) form, or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, shall have the same effect as physical delivery of the paper document bearing the original signature.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;">IN WITNESS WHEREOF, each of the </font><font style="display: inline;">P</font><font style="display: inline;">arties has executed this Agreement, or caused the same to be executed by its duly authorized representative, as of the date first above written.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">GROUP 42, INC,</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;text-decoration:underline;">/s/ Paul A. Bell</font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Name:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Paul A. Bell</font>
		</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Title:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">President and Chief Executive Officer</font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">PAUL A. BELL</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:underline;">/s/ Paul A. Bell</font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Paul A. Bell</font>
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;font-style:italic;">Signature Page to </font><font style="display: inline;font-style:italic;">Settlement Agreement</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;">MICHAEL KEANE</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:underline;">/s/ Michael Keane</font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Michael Keane</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;font-style:italic;">Signature Page to </font><font style="display: inline;font-style:italic;">Settlement Agreement</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;">BLR PARTNERS LP</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By: BLPPart, LP, General Partner</font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By: BLRGP Inc., General Partner</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;text-decoration:underline;">/s/ Bradley L. Radoff</font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Name:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Bradley L. Radoff</font>
		</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Title:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Sole Director</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">BLRPART, LP</font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By: BLRGP Inc., General Partner</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;text-decoration:underline;">/s/ Bradley L. Radoff</font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Name:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Bradley L. Radoff </font>
		</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Title:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Sole Director</font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">BLRGP INC.</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;text-decoration:underline;">/s/ Bradley L. Radoff</font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Name:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Bradley L. Radoff </font>
		</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Title:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Sole Director</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">FONDREN MANAGEMENT, LP</font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By: FMLP INC., General Partner</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;text-decoration:underline;">/s/ Bradley L. Radoff</font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Name:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Bradley L. Radoff</font>
		</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Title:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Sole Director</font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">FMLP INC.</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;text-decoration:underline;">/s/ Bradley L. Radoff</font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Name:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Bradley L. Radoff</font>
		</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Title:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Sole Director</font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;font-style:italic;">Signature Page to </font><font style="display: inline;font-style:italic;">Settlement Agreement</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;">THE RADOFF FAMILY FOUNDATION</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By:</font><font style="display: inline;">&nbsp;</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;text-decoration:underline;">/s/ Bradley L. Radoff</font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Name:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Bradley L. Radoff</font>
		</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Title:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Director</font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">BRADLEY L. RADOFF</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:underline;">/s/ Bradley L. Radoff</font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bradley L. Radoff</font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;font-style:italic;">Signature Page to </font><font style="display: inline;font-style:italic;">Settlement Agreement</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;"></font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">VAALCO ENERGY, INC. </font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:202pt;"><font style="display: inline;">By:</font><font style="display: inline;">&nbsp;</font><font style="display: inline;text-decoration:underline;">/s/ Steven P. Guidry</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:right"><font style="display: inline;text-decoration:underline;"></font></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:10pt;"><font style="display: inline;">Name:</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;">Steven P. Guidry</font></font>
		</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:17pt;"><font style="display: inline;">Title:</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;">Chief Executive Officer</font></font>
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;font-style:italic;">Signature Page to </font><font style="display: inline;font-style:italic;">Settlement Agreement</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;text-decoration:underline;">Exhibit A</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">Resignation Letter</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;line-height:normal;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;font-weight:bold;"></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">December </font><font style="display: inline;">22</font><font style="display: inline;">, 2015</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">Board of Directors</font><br /><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">VAALCO Energy, Inc.</font><br /><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">9800 Richmond Avenue, Suite 700</font><br /><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Houston, Texas 7704</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">Re: Resignation</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">Ladies and Gentlemen:</font>
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		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">This irrevocable resignation is delivered pursuant to that certain </font><font style="display: inline;color:#000000;">Settlement Agreement (the &#x201C;</font><font style="display: inline;color:#000000;text-decoration:underline;">Agreement</font><font style="display: inline;color:#000000;">&#x201D;) dated as of </font><font style="display: inline;">December </font><font style="display: inline;">22</font><font style="display: inline;">, 2015</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">among</font><font style="display: inline;"> VAALCO Energy, Inc.</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">(the &#x201C;</font><font style="display: inline;text-decoration:underline;">Company</font><font style="display: inline;">&#x201D;) and Group 42, Inc</font><font style="display: inline;">., P</font><font style="display: inline;">aul A. Bell, </font><font style="display: inline;">Michael Keane, </font><font style="display: inline;">BLR Partners LP, BLRPart, LP, BLRGP Inc., Fondren Management, LP, FMLP Inc., </font><font style="display: inline;">The Radoff Family Foundation </font><font style="display: inline;">and Bradley L. Radoff&nbsp;&nbsp;(collectively, the &#x201C;</font><font style="display: inline;text-decoration:underline;">Stockholder Group</font><font style="display: inline;">&#x201D;)</font><font style="display: inline;">. &nbsp;</font><font style="display: inline;color:#000000;">Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement.</font>
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		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">Effective </font><font style="display: inline;color:#000000;">immediately </font><font style="display: inline;color:#000000;">upon</font><font style="display: inline;color:#000000;"> (i) </font><font style="display: inline;color:#000000;">such time as the </font><font style="display: inline;color:#000000;">Stockholder Group&#x2019;s ownership in the Company </font><font style="display: inline;">falls below 5% of the outstanding Common Stock</font><font style="display: inline;"> or (ii) the Termination Date,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">I hereby irrevocably resign from my position as a director of the </font><font style="display: inline;color:#000000;">Board</font><font style="display: inline;color:#000000;"> and from any and all</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">committees of the Board on which I serve</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;I acknowledge that upon such resignation I shall have no rights to nominate, recommend, appoint or participate in a Board vote in respect of any replacement director. </font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Very truly yours, </font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;color:#000000;text-decoration:underline;">/s/ Michael Keane</font><font style="display: inline;color:#000000;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;text-decoration:underline;"></font><font style="display: inline;color:#000000;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;text-decoration:underline;"></font><font style="display: inline;color:#000000;text-decoration:underline;"></font>
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		<p style="margin:0pt 0pt 6pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Name:</font><font style="display: inline;"> &nbsp;Michael Keane</font>
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			&nbsp;

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			<font style="display: inline;text-decoration:underline;">Exhibit </font><font style="display: inline;text-decoration:underline;">B</font>
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			<font style="display: inline;font-weight:bold;">Mutual Press Release</font>
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			<font style="display: inline;">&nbsp;</font>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>6
<FILENAME>egy-20151223ex9915dea8a.htm
<DESCRIPTION>EX-99.1
<TEXT>
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			Exhibit 99.12
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			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:11pt;"><img src="egy-20151223ex9915dea8ag001.jpg" style="width: 0.8736111in; height: 0.8736111in" alt="Picture 2"></font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-weight:bold;font-size:13pt;">VAALCO ENERGY ANNOUNCES AGREEMENT WITH GROUP 42-BLR GROUP AND CHANGES TO BOARD COMPOSITION</font><font style="display: inline;font-weight:bold;font-size:13pt;"> AND OTHER </font><font style="display: inline;font-weight:bold;font-size:13pt;">SHAREHOLDER FRIENDLY </font><font style="display: inline;font-weight:bold;font-size:13pt;">ACTIONS</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-style:italic;font-size:13pt;">GROUP 42-BLR GROUP</font><font style="display: inline;font-style:italic;font-size:13pt;"> SUPPORTS BOARD ACTIONS TO ENHANCE SHAREHOLDER VALUE; WITHDRAWS</font><font style="display: inline;font-style:italic;font-size:13pt;"> CONSENT SOLICITATION </font>
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			<font style="display: inline;font-style:italic;font-size:13pt;">UNDER</font><font style="display: inline;font-style:italic;font-size:13pt;"> AGREEMENT</font><font style="display: inline;font-style:italic;font-size:13pt;">,</font><font style="display: inline;font-style:italic;font-size:13pt;"> VAALCO TERMINATES</font><font style="display: inline;font-style:italic;font-size:13pt;"> STOCKHOLDER RIGHTS PLAN AND</font><font style="display: inline;font-style:italic;font-size:13pt;"> CANCELS</font><font style="display: inline;font-style:italic;font-size:13pt;"> PLANS FOR SPECIAL MEETING</font>
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			<font style="display: inline;font-weight:bold;font-size:13pt;">HOUSTON &#x2013; </font><font style="display: inline;font-weight:bold;font-size:13pt;">DECEMBER 23</font><font style="display: inline;font-weight:bold;font-size:13pt;">, 2015</font><font style="display: inline;font-size:13pt;"> &#x2013; VAALCO Energy, Inc. (NYSE: EGY) (&#x201C;VAALCO&#x201D; or &#x201C;the Company&#x201D;), today announced that it has entered into an agreement with Group 42, Inc., Bradley L. Radoff and certain other participants (collectively, the &#x201C;Group 42-BLR Group&#x201D;), which beneficially</font><font style="display: inline;font-size:13pt;"> owns approximately 11.1</font><font style="display: inline;font-size:13pt;">% of the Company&#x2019;s outstanding stock, regarding the composition of the VAALCO Board of Directors</font><font style="display: inline;font-size:13pt;"> and certain other positive changes</font><font style="display: inline;font-size:13pt;">.&nbsp;&nbsp;In connection with the agreement, the Group 42-BLR Group has withdrawn its consent solicitation to replace a majority of the directors of VAALCO, and the Company has cancelled </font><font style="display: inline;font-size:13pt;">its plans for a special meeting of stockholders on January 5, 2016.</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:13pt;">Under the terms of the agreement,</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">incumbent directors Messrs. James B. Jennings and O. Donaldson Chapoton will </font><font style="display: inline;font-size:13pt;">retire</font><font style="display: inline;font-size:13pt;"> from the Board, effective immediately</font><font style="display: inline;font-size:13pt;">.&nbsp; </font><font style="display: inline;font-size:13pt;">VAALCO will appoint</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">the </font><font style="display: inline;font-size:13pt;">Chairman of Group 42,</font><font style="display: inline;font-size:13pt;"> Mr. Michael Keane</font><font style="display: inline;font-size:13pt;">,</font><font style="display: inline;font-size:13pt;"> to its Board</font><font style="display: inline;font-size:13pt;"> and the Nominating and </font><font style="display: inline;font-size:13pt;">Corporate </font><font style="display: inline;font-size:13pt;">Governance and Compensation committees</font><font style="display: inline;font-size:13pt;"> effective immediately</font><font style="display: inline;font-size:13pt;">.</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">In connection with the settlement with the </font><font style="display: inline;font-size:13pt;">Group 42-BLR Group, the</font><font style="display: inline;font-size:13pt;"> Board has also appointed</font><font style="display: inline;font-size:13pt;"> another independent director</font><font style="display: inline;font-size:13pt;">, a representative of another stockholder of the Company</font><font style="display: inline;font-size:13pt;">. &nbsp;</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">In addition, VAALCO has committed to nominate for election a mutually agreeable independent member to its Board at the 2016 annual meeting of stockholders.</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">VAALCO has agreed to fix the size of the Board at </font><font style="display: inline;font-size:13pt;">no more than </font><font style="display: inline;font-size:13pt;">seven members until the 2016 annual meeting of stockholders at which time it will be increased to</font><font style="display: inline;font-size:13pt;"> no more</font><font style="display: inline;font-size:13pt;"> than</font><font style="display: inline;font-size:13pt;"> eight members.</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">The Company </font><font style="display: inline;font-size:13pt;">has also agreed to</font><font style="display: inline;font-size:13pt;"> separate its Chairman and Chief Executive Officer roles. Mr. Andrew Fawthrop will assume the role of Chairman of the Board and Mr. Michael Keane will become Vice Chairman, effective immediately. </font>
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			<font style="display: inline;font-size:13pt;">Pursuant to the agreement, VAALCO has</font><font style="display: inline;font-size:13pt;"> also</font><font style="display: inline;font-size:13pt;"> terminated its stockholder rights</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">plan</font><font style="display: inline;font-size:13pt;">.&nbsp; </font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:13pt;">The Group 42-BLR Group agreed to vote all of its shares in favor of the VAALCO Board&#x2019;s nominees at the 2016 annual meeting of stockholders and has entered into other customary standstill and voting commitments.</font><font style="display: inline;font-size:13pt;"> &nbsp; &nbsp;</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:13pt;">Andrew Fawthrop, VAALCO&#x2019;s newly appointed Chairman, commented: &#x201C;</font><font style="display: inline;font-size:13pt;">We </font><font style="display: inline;font-size:13pt;">believe this agreement </font><font style="display: inline;font-size:13pt;">with the Group 42-BLR</font><font style="display: inline;font-size:13pt;"> Group reflects a collaborative </font><font style="display: inline;font-size:13pt;">solution and we have appreciated their valuab</font><font style="display: inline;font-size:13pt;">le input </font><font style="display: inline;font-size:13pt;">on </font><font style="display: inline;font-size:13pt;">ways to improve the </font><font style="display: inline;font-size:13pt;">Company.</font><font style="display: inline;font-size:13pt;"> &nbsp;We </font><font style="display: inline;font-size:13pt;">welcome Michael as a new independent director of the VAALCO Board</font><font style="display: inline;font-size:13pt;"> and</font><font style="display: inline;font-size:13pt;"> expect to benefit from his perspective as we continue to execute our strategy to drive enhanced value for stockholders and ensure that VAALCO successfully navigates a challenging environment for the oil and gas industry. On behalf of the Board, I want to thank Jim and Don for their distinguished service and contributions to VAALCO.</font><font style="display: inline;font-size:13pt;"> &nbsp;Jim and Don have provided the VAALCO Board with valuable insights and direction drawn from decades of combined business experience.</font><font style="display: inline;font-size:13pt;">&#x201D;</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:13pt;">&#x201C;We appreciate VAALCO&#x2019;s constructive approach and the collaborative solutions offered by all parties and believe this agreement represents a great step in the right direction for VAALCO and its stockholders,&#x201D; said Paul A. Bell, Group 42&#x2019;s Chief Executive Officer and a principal member of the Group 42-BLR Group.&nbsp;&nbsp;&#x201C;We look forward to working together with Steve and his team towards our mutual goal of positioning VAALCO for success and increasing long-term value for all stockholders.&#x201D;</font>
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			<font style="display: inline;font-size:13pt;">Steve Guidry, Chief Executive Officer and Director, said: &#x201C;We are pleased to have</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">reached an agreement. </font><font style="display: inline;font-size:13pt;">We look forward to working with our new board members in focusing and executing on our business strategy.</font><font style="display: inline;font-size:13pt;">&#x201D;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-size:13pt;">T</font><font style="display: inline;font-size:13pt;">he Delaware Chancery Court ruled as invalid the provision in VAALCO&#x2019;s stockholder-approved charter that states the Company&#x2019;s duly elected directors can be removed from office only for cause. </font><font style="display: inline;font-size:13pt;">&nbsp;</font>
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			<font style="display: inline;font-size:13pt;">Vinson &amp; Elkins L.L.P. and </font><font style="display: inline;font-size:13pt;">Young Conaway Stargatt &amp; Taylor, LLP</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">are</font><font style="display: inline;font-size:13pt;"> serving as legal counsel to the Company.&nbsp; </font><font style="display: inline;font-size:13pt;">Olshan Frome Wolosky LLP </font><font style="display: inline;font-size:13pt;">is </font><font style="display: inline;font-size:13pt;">serv</font><font style="display: inline;font-size:13pt;">ing</font><font style="display: inline;font-size:13pt;"> as legal advisor to the </font><font style="display: inline;font-size:13pt;">Group 42-BLR Group.&nbsp; </font>
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			<font style="display: inline;font-weight:bold;font-size:13pt;">About Michael Keane</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:13pt;">Mr. Keane is an executive with over 25 years of experience in business strategy, corporate finance and investment banking. He has served as the Chairman of the Board at Group 42, Inc. since 2010. Keane was previously a Clinical Professor of</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">Finance at the University of Southern California&#x2019;s Marshall School of Business where he served for more than 10 years teaching courses in investments and corporate finance. He has also been a corporate finance executive for several NYSE-traded companies and was Managing Director of Investment Banking for Susquehanna International Group, Seidler Companies, Incorporated, and Kemper</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">Securities, where he specialized in mergers and acquisitions, public offerings and private placements.</font><font style="display: inline;font-size:13pt;"> &nbsp; &nbsp;</font><font style="display: inline;font-size:13pt;">Michael Keane holds a law degree from the University of Texas, and an MBA in Finance from the University of Chicago.</font>
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			<font style="display: inline;font-weight:bold;font-size:13pt;">About VAALCO</font>
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		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-size:13pt;">VAALCO Energy, Inc. is a Houston based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil.&nbsp;&nbsp;VAALCO's strategy is to increase reserves and production through the exploration and exploitation of oil and natural gas properties with the emphasis on international opportunities.&nbsp;&nbsp;The Company's properties and exploration acreage are located primarily in Gabon, Angola and Equatorial Guinea in West Africa.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-weight:bold;font-size:13pt;">About Group 42, Inc.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-size:13pt;">Group 42 is a U.S.-based holding company that deli</font><font style="display: inline;font-size:13pt;">vers innovative energy services </font><font style="display: inline;font-size:13pt;">to international and enterprise class customer</font><font style="display: inline;font-size:13pt;">s around the globe. Through its </font><font style="display: inline;font-size:13pt;">subsidiaries and international joint ventures, it partners with other multinational</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">energy companies that have expertise in applying technology-oriented solutions.</font><font style="display: inline;font-size:13pt;"> &nbsp; &nbsp;</font><font style="display: inline;font-size:13pt;">Group 42 operates in North America, Asia Pacific, the Arabian Gulf, West Africa</font><font style="display: inline;font-size:13pt;">&nbsp;</font><font style="display: inline;font-size:13pt;">and the North Sea.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-weight:bold;font-size:13pt;">About Bradley L. Radoff</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-size:13pt;">Bradley L. Radoff is a private investor.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 13pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 13pt"><font style="display: inline;font-weight:bold;font-size:13pt;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-weight:bold;font-size:13pt;">Forward Looking Statements</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-size:13pt;">This news release includes &#x201C;forward-looking statements&#x201D; within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those concerning VAALCO&#x2019;s plans, expectations, and objectives for future drilling, completion and other operations and activities. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include expected capital expenditures, future drilling plans, prospect evaluations, liquidity, negotiations with governments and third parties, expectations regarding processing facilities, and reserve growth. These statements are based on assumptions made by VAALCO based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO&#x2019;s control. These risks include, but are not limited to, oil and gas price volatility, inflation, general economic conditions, the Company's success in discovering, developing and producing reserves, lack of availability of goods, services and capital, environmental risks, drilling risks, foreign operational risks, and regulatory changes. These and other risks are further described in VAALCO&#x2019;s annual report on Form 10-K for the year ended December 31, 2014, subsequent quarterly reports on Form 10-Q, and other reports filed with the SEC, which can be reviewed at http://www.sec.gov, or which can be received by contacting VAALCO at 9800 Richmond Avenue, Suite 700, Houston, Texas 77042, (713) 623-0801. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. VAALCO assumes no obligation to update any forward-looking statement as of any future date.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-weight:bold;font-size:13pt;">Investor Contacts</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-size:13pt;">Don McCormack</font><font style="display: inline;font-size:13pt;;font-size: 13pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:13pt;"></font><font style="display: inline;font-size:13pt;;font-size: 13pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:13pt;"></font><font style="display: inline;font-size:13pt;;font-size: 13pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:13pt;"></font><font style="display: inline;font-size:13pt;;font-size: 13pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:13pt;"></font><font style="display: inline;font-size:13pt;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-size:13pt;">Chief Financial Officer</font><font style="display: inline;font-size:13pt;;font-size: 13pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:13pt;"></font><font style="display: inline;font-size:13pt;;font-size: 13pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:13pt;"></font><font style="display: inline;font-size:13pt;;font-size: 13pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:13pt;"></font><font style="display: inline;font-size:13pt;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-size:13pt;">713-212-1038</font><font style="display: inline;font-size:13pt;;font-size: 13pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:13pt;"></font><font style="display: inline;font-size:13pt;;font-size: 13pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:13pt;"></font><font style="display: inline;font-size:13pt;;font-size: 13pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:13pt;"></font><font style="display: inline;font-size:13pt;;font-size: 13pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:13pt;"></font><font style="display: inline;font-size:13pt;"></font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-size:13pt;">Al Petrie</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-size:13pt;">Investor Relations Coordinator</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-size:13pt;">713-543-3422</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr>
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