EXHIBIT 10.11
HARKEN ENERGY CORPORATION
SEVERANCE AGREEMENT
THIS SEVERANCE AGREEMENT (the "Agreement") is made and entered into this ____ day of June, 2002
by and between HARKEN ENERGY CORPORATION, a Delaware corporation, whose principal office is 580
WestLake Park Blvd., Suite 600, Houston, Texas 77079 ("the Company") and RICH COTTLE an individual
employee of the Company, whose home address is ____________________________________, (the
"Employee").
WHEREAS, the Employee is, as of the Date here of, in the employ of the Company and is an executive officer of
the Company on whom the Company relies and whom the Company desires to retain in its employment; and
WHEREAS, the Company and Employee, on February 1, 2000 but effective as of December 28, 2000,
previously entered into the Amendment to Agreement Regarding Compensation in Event of Change in Control
(the "Change of Control Agreement") pursuant to which the employee would become entitled to a certain
payment in the event a Change of Control, as defined in such agreement, occurred; and,
WHEREAS, the Change of Control Agreement is no longer in the best interests of either the Company nor
Employee and it is their common desire and intention to terminate such Change of Control Agreement and
partially replace it with this Agreement; and,
WHEREAS, the Company and Employee are entering into this Agreement in order to provide inducement to
Employee to remain with the Company by providing to Employee assurance of additional severance that would
be paid by the Company to Employee should the Company terminate Employee's employment during the term of
this Agreement.
NOW THEREFORE, for and in the mutual considerations recited and acknowledged by both parties hereto, the
Company and the Employee agree as follows:
1. Severance Upon Involuntary Termination:
In the event that Employee is Involuntarily terminated by the Company during the Term of this Agreement, then
the Company will pay to Employee a sum of money, IN ADDITION TO any and all seve