TERMINATION OF FIRST RIGHT OF REFUSAL AGREEMENT

EX-10.7 2 mcfexhibit10733113.htm TERMINATION OF FIRST RIGHT OF REFUSAL AGREEMENT MCF Exhibit 10.7 3.31.13

TERMINATION OF FIRST RIGHT OF REFUSAL AGREEMENT

The undersigned hereby agree to terminate the First Right of Refusal Agreement dated January 1, 2013 effective as of March 31, 2013 except that any Compensation due and owing shall be promptly made upon presentation.

CONTANGO OIL & GAS COMPANY

By: /s/ SERGIO CASTRO

Name: Sergio Castro

Title: Vice President

JUNEAU EXPLORATION, L.P.

By: Juneau GP, LLC

its General Partner

By: /s/ JOHN B. JUNEAU

Name: John B. Juneau

Title: Sole Manager