Material Agreement Form 8 K

Item 1.01

Entry into a Material Definitive Agreement

In connection with the previously announced private offering of $500 million aggregate principal amount of 8.750% senior notes due 2031 (the "Notes") to eligible purchasers, Kosmos Energy Ltd. (the "Company") issued such Notes under the indenture dated September 24, 2024 (the "Indenture") among the Company, the guarantors named therein (the "Guarantors"), Wilmington Trust, National Association, as trustee, paying agent, transfer agent and registrar, and Circumference Services S.à.r.l. as Luxembourg paying agent, listing agent, registrar and transfer agent.

The Notes

The Notes mature on October 1, 2031. Interest accrues at 8.750% per annum from September 24, 2024 and is payable semi-annually in arrears each April 1 and October 1, commencing on April 1, 2025. The Notes are senior, unsecured obligations of the Company and rank equal in right of payment with all of its existing and future senior indebtedness (including all borrowings under the revolving credit facility (the "Corporate Revolver")) and its senior notes and rank effectively junior in right of payment to all of its existing and future secured indebtedness (including all borrowings under the commercial debt facility (the "Facility")).

The notes will be guaranteed on a senior, unsecured basis by certain subsidiaries owning the Company's U.S. Gulf of Mexico assets and on a subordinated, unsecured basis by certain of our subsidiaries that borrow under, or guarantee, the Facility and, on a subordinated basis, guarantee the Corporate Revolver and senior notes.

Redemption and Repurchase

At any time prior to October 1, 2027, and subject to certain conditions, the Company may, on one or more occasions, redeem up to 40% of the original principal amount of the Notes with an amount not to exceed the net cash proceeds of certain equity offerings at a redemption price of 108.750% of the outstanding principal amount of the Notes, together with accrued and unpaid interest and premium, if any, to, but excluding, the date of redemption. Additionally, at any time prior to October 1, 2027 the Company may, on any one or more occasions, redeem all or a part of the Notes at a redemption price equal to 100%, plus any accrued and unpaid interest, and plus a "make-whole" premium.

On or after October 1, 2027, the Company may redeem all or a part of the Notes at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest:

Year	Percentage
2027	104.375%
2028	102.188%
2029 and thereafter	100.000%

Upon the occurrence of a "change of control triggering event" as defined under the Indenture, the Company will be required to make an offer to repurchase the Notes at a repurchase price equal to 101% of the outstanding principal amount, plus accrued and unpaid interest to, but excluding, the date of repurchase.

If the Company sells assets, under certain circumstances outlined in the Indenture, it will be required to use the net proceeds to make an offer to purchase the Notes at an offer price in cash in an amount equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the repurchase date.

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