0001104659-05-028957 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • June 20th, 2005 • Warren Resources Inc • Crude petroleum & natural gas • New York

EMPLOYMENT AGREEMENT (this “Agreement”), dated effective as of July 1, 2005, by and between Warren Resources, Inc., a New York corporation (the “Company”), and Lloyd G. Davies (the “Employee”).

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SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • June 20th, 2005 • Warren Resources Inc • Crude petroleum & natural gas

This Second Amendment (“Amendment”) dated June 17, 2005 is made and entered into effective as of January 1, 2005 (the “Effective Date”) to the Employment Agreement referenced below by and between Warren Resources, Inc. (“Company” or “Employer”), and Timothy A. Larkin, an individual (“Employee”) (together the “Parties”).

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