Exhibit 4.1
REGISTRATION RIGHTS AGREEMENT
THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of March 4, 2024, but to be effective only as of the Closing (as defined below), by and among Talos Energy Inc., a Delaware corporation (“Parent”), and each of the Persons listed on Schedule A attached hereto, together with any of such Persons’ Permitted Transferees (as defined below), each of which is referred to in this Agreement as a “Holder” (and further defined below).
RECITALS
WHEREAS, this Agreement is being made in connection with the entry into that certain Agreement and Plan of Merger, by and among QuarterNorth Energy Inc., a Delaware corporation (the “Company”), Parent, Compass Star Merger Sub Inc., a Delaware corporation and a direct wholly-owned subsidiary of Parent (“Merger Sub”), and Michael T. Dane and Thomas R. Lamme in their collective capacity as Equityholders’ Representative, dated as of January 13, 2024 (the “Merger Agreement”), pursuant to which, among other things, (i) Merger Sub will be merged with and into the Company in accordance with the General Corporation Law of the State of Delaware (the “Merger”), (ii) by virtue of the Merger, former stockholders of the Company will receive cash and newly issued shares of common stock, par value $0.01 per share, of Parent (“Common Stock”) and cease to be stockholders of the Company and (iii) Parent has agreed to provide certain registration rights with respect to the Registrable Securities (as defined below) received by the Holders party hereto in connection with the Merger on the terms and conditions set forth in this Agreement, effective as of the Closing;
WHEREAS, pursuant to (and subject to the provisions of) Section 5.05 of the Merger Agreement, Parent has filed, or will shortly hereafter file, with the SEC and will make effective a registration statement covering the resale of all of the shares of Common Stock issued as consideration in the Merger (including, without limitation, but subject to the provisions of Section 5.05 of the Merger Agreement, all of the Registrable Securities) (the “Merger Agreement Registration Statement”); and
WHEREAS, as contemplated by the Merger Agreement, the parties hereto desire to enter into this Agreement, effective as of Closing.
NOW, THEREFORE, in consideration of the representations, covenants and agreements contained herein, and certain 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:
ARTICLE 1
DEFINITIONS
For purposes of this Agreement:
“Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with such Person, or advised, managed or sub-advised by the investment adviser to such Person or an investment adviser affiliated with such investment adviser. For purposes of this definition, “control” when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” have correlative meanings.