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Delek Group, Ltd., et al. – ‘SC 13D/A’ on 10/5/20 re: Gulfslope Energy, Inc.

On:  Monday, 10/5/20, at 4:11pm ET   ·   Accession #:  950127-20-53   ·   File #:  5-86205

Previous ‘SC 13D’:  ‘SC 13D/A’ on 10/25/19   ·   Latest ‘SC 13D’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/05/20  Delek Group, Ltd.                 SC 13D/A               2:118K Gulfslope Energy, Inc.            White & Case LLP/FA
          Delek Gom Holdings, LLC
          Delek Gom Investments, LLC
          DKL Investments Ltd.
          Sharon Itshak

Amendment to Statement of Acquisition of Beneficial Ownership by an “Active” Investor   —   Sch. 13D   —   WA’68
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment No. 3 to Schedule 13D                     HTML     66K 
 2: EX-7.6      Letter Agreement, Dated as of October 1, 2020,      HTML     24K 
                Between Gulfslope Energy Inc. and Delek Gom                      
                Investments, LLC                                                 


‘SC 13D/A’   —   Amendment No. 3 to Schedule 13D


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 C: 
 
UNITED STATES
 
 
SECURITIES AND EXCHANGE COMMISSION
 
 
Washington, D.C. 20549
 
 
 
 
 
SCHEDULE 13D
 
 
Under the Securities Exchange Act of 1934
(Amendment No. 3)*

GULFSLOPE ENERGY, INC.
(Name of Issuer)
 
Common Stock, $0.001 par value (the “Common Stock”)
(Title of Class of Securities)
 
40273W105
(CUSIP Number)
 
Leora Pratt Levin
Delek Group Ltd.
19 Abba Eban Blvd. P.O.B. 2054
Herzliya 4612001, Israel
Tel: (+972 9) 8638492
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
October 1, 2020
(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. □
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

CUSIP No.  40273W105
 
1.
Names of Reporting Persons
SHARON ITSHAK
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
 
(a)
 □
 
 
(b)
 □
 
3.
SEC Use Only
 
4.
Source of Funds (See Instructions)
OO
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     □
 
6.
Citizenship or Place of Organization
Israel
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.
Sole Voting Power
0
8.
Shared Voting Power
294,018,459*
9.
Sole Dispositive Power
0
10.
Shared Dispositive Power
294,018,459*
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
294,018,459*
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   □
 
13.
Percent of Class Represented by Amount in Row (11)
23.2%**
 
14.
Type of Reporting Person (See Instructions)
IN
 
*Consists of 294,018,459 shares of common stock, $0.001 par value (the “Common Stock”), of GulfSlope Energy, Inc. (the “Issuer”) held of record by Delek GOM Investments, LLC. (“Delek GOM Investments”).  See Item 2 of the Original Schedule 13D for information on the reporting person’s indirect beneficial ownership of the shares of Common Stock.

** This percentage is calculated based on (i) information set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on August 14, 2020, according to which there were  1,250,740,346 shares of Common Stock outstanding as of August 13, 2020 and (ii) 17,500,000 shares of Common Stock to be issued to Delek GOM Investments pursuant to the Letter Agreement, dated October 1, 2020 (the “Letter Agreement”), between the Issuer and Delek GOM Investments.



CUSIP No.  40273W105
 
1.
Names of Reporting Persons
DELEK GROUP LTD.
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
 
(a)
 

(b)


SEC Use Only
 
4.
Source of Funds (See Instructions)
OO
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     □
 
6.
Citizenship or Place of Organization
Israel
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.
Sole Voting Power
0
8.
Shared Voting Power
294,018,459*
9.
Sole Dispositive Power
0
10.
Shared Dispositive Power
294,018,459*
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
294,018,459*
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   □
 
13.
Percent of Class Represented by Amount in Row (11)
23.2%**
 
14.
Type of Reporting Person (See Instructions)
CO

* Consists of 294,018,459 shares of Common Stock of Issuer held of record by Delek GOM Investments.  See Item 2 of the Original Schedule 13D for information on the reporting person’s indirect beneficial ownership of the shares of Common Stock.

** This percentage is calculated based on (i) information set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on August 14, 2020, according to which there were  1,250,740,346 shares of Common Stock outstanding as of August 13, 2020 and (ii) 17,500,000 shares of Common Stock to be issued to Delek GOM Investments pursuant to the Letter Agreement.

 

CUSIP No.  40273W105
 
1.
Names of Reporting Persons
DKL INVESTMENTS LIMITED
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
 
(a)
 
 
(b)
 
3.
SEC Use Only
 
4.
Source of Funds (See Instructions)
OO
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     □
 
6.
Citizenship or Place of Organization
Jersey (Channel Islands)
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.
Sole Voting Power
0
8.
Shared Voting Power
294,018,459*
9.
Sole Dispositive Power
0
10.
Shared Dispositive Power
294,018,459*
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
294,018,459*
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   □
 
13.
Percent of Class Represented by Amount in Row (11)
23.2%**
 
14.
Type of Reporting Person (See Instructions)
CO

* Consists of 294,018,459 shares of Common Stock of Issuer held of record by Delek GOM Investments.  See Item 2 of the Original Schedule 13D for information on the reporting person’s indirect beneficial ownership of the shares of Common Stock.

** This percentage is calculated based on (i) information set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on August 14, 2020, according to which there were  1,250,740,346 shares of Common Stock outstanding as of August 13, 2020 and (ii) 17,500,000 shares of Common Stock to be issued to Delek GOM Investments pursuant to the Letter Agreement.
 

CUSIP No. 40273W105
 
1.
Names of Reporting Persons
DELEK GOM HOLDINGS, LLC
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
 
(a)
 
 
(b)
 
3.
SEC Use Only
 
4.
Source of Funds (See Instructions)
OO
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     □
 
6.
Citizenship or Place of Organization
Delaware
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.
Sole Voting Power
0
8.
Shared Voting Power
294,018,459*
9.
Sole Dispositive Power
0
10.
Shared Dispositive Power
294,018,459*
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
294,018,459*
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   □
 
13.
Percent of Class Represented by Amount in Row (11)
23.2%**
 
14.
Type of Reporting Person (See Instructions)
OO

* Consists of 294,018,459 shares of Common Stock of Issuer held of record by Delek GOM Investments.  See Item 2 of the Original Schedule 13D for information on the reporting person’s indirect beneficial ownership of the shares of Common Stock.

** This percentage is calculated based on (i) information set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on August 14, 2020, according to which there were  1,250,740,346 shares of Common Stock outstanding as of August 13, 2020 and (ii) 17,500,000 shares of Common Stock to be issued to Delek GOM Investments pursuant to the Letter Agreement.

CUSIP No.  40273W105
 
1.
Names of Reporting Persons
DELEK GOM INVESTMENTS, LLC
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
 
(a)
 
 
(b)
 
3.
SEC Use Only
 
4.
Source of Funds (See Instructions)
OO
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     □
 
6.
Citizenship or Place of Organization
Delaware
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.
Sole Voting Power
0
8.
Shared Voting Power
294,018,459*
9.
Sole Dispositive Power
0
10.
Shared Dispositive Power
294,018,459*
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
294,018,459*
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   □
 
13.
Percent of Class Represented by Amount in Row (11)
23.2%**
 
14.
Type of Reporting Person (See Instructions)
OO

* Consists of 294,018,459 shares of Common Stock of Issuer held of record by Delek GOM Investments.  See Item 2 of the Original Schedule 13D for information on the reporting person’s beneficial ownership of the shares of Common Stock.

** This percentage is calculated based on (i) information set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on August 14, 2020, according to which there were  1,250,740,346 shares of Common Stock outstanding as of August 13, 2020 and (ii) 17,500,000 shares of Common Stock to be issued to Delek GOM Investments pursuant to the Letter Agreement.



Introductory Note

This Amendment No. 3 to Schedule 13D (“Amendment No. 3”) amends and supplements the Schedule 13D originally filed with the SEC on March 7, 2019, as amended by Amendment No. 1 to Schedule 13D filed with the SEC on March 27, 2019 and Amendment No. 2 to Schedule 13D filed with the SEC on October 25, 2019 (as amended by Amendment No. 1 and Amendment No. 2, the “Original Schedule 13D” and, the Original Schedule 13D as amended by Amendment No. 3, the “Schedule 13D”), on behalf of the Reporting Persons with respect to the shares of common stock, par value $0.001 per share (the “Common Stock”), of GulfSlope Energy, Inc., a Delaware corporation (the “Issuer”). The Original Schedule 13D remains in full force and effect, except as specifically amended by this Amendment No. 3.

Item 2.  Identity and Background.

(a) This statement is being filed jointly by (i) Itshak Sharon Tshuva; (ii) Delek Group Ltd., a company limited by shares organized under the laws of Israel (“Delek Group”); (iii) DKL Investments Limited, a company organized under the laws of Jersey, Channel Islands (“DKL Investments”); (iv) Delek GOM Holdings, LLC, a Delaware limited liability company (“Delek GOM Holdings”); and (v) Delek GOM Investments, LLC, a Delaware limited liability company (“Delek GOM Investments” and, collectively, the “Reporting Persons”). The Reporting Persons have entered into a joint filing agreement, dated as of March 7, 2019, a copy of which is attached as Exhibit 99.1 to the Schedule 13D filed on March 7, 2019.

The sole member of Delek GOM Investments is Delek GOM Holdings.  The sole member of Delek GOM Holdings is DKL Investments.  The sole stockholder of DKL Investments is Delek Group.  The majority of Delek Group’s outstanding share capital and voting rights are owned, directly and indirectly, by Itshak Sharon Tshuva through private companies wholly-owned by him, and the remainder is held by the public.  Information regarding the directors and executive officers (the “Covered Persons”) of Delek Group is set forth on Schedule I attached hereto, which schedule is incorporated by reference herein.

(b) The address of the principal office of Itshak Sharon Tshuva and Delek Group is 19 Abba Eban Blvd. P.O.B. 2054, Herzliya 4612001, Israel.

The address of the principal office of DKL Investments is Crestbridge Limited, 47 Esplanade, St Helier, Jersey JE1 0BD, Channel Islands.

The address of the principal office of Delek GOM Holdings and Delek GOM Investments is c/o The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801.
 
The address of each of the Covered Persons is set forth on Schedule I hereto.

(c) The Reporting Persons are engaged in oil and gas exploration and production in Israel and abroad through investee companies.  Delek Group also markets fuel products in Israel, and maintains holdings in several additional operations. Additionally, the present principal occupation of each of the Covered Persons and the name, principal business and address of the organizations in which such occupation is conducted is set forth on Schedule I hereto.
 
(d) During the last five years, none of the Reporting Persons have been convicted, and, to the Reporting Persons’ knowledge, none of the Covered Persons has been convicted, in any criminal proceeding (excluding traffic violations or similar misdemeanors).
 
(e) During the last five years, none of the Reporting Persons have been a party, and, to the Reporting Persons’ knowledge, none of the Covered Persons has been a party, to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which proceeding he or she was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
  
(f) Please refer to Item 6 on each cover sheet for each Reporting Person. The citizenship of each of the Covered Persons is set forth on Schedule I hereto.


Item 3. Source and Amount of Funds or Other Consideration

Item 3 of the Original Schedule 13D is hereby amended and supplemented as follows:

On October 1, 2020, the Issuer and Delek GOM Investments entered into a letter agreement (the “Letter Agreement”) pursuant to which the Issuer agreed to repay Delek GOM Investments in full the principal and interest owed on the Convertible Debenture issued to Delek GOM Investments on October 22, 2019 with a principal amount of $1,220,548.  The total pay off amount (“Loan Payoff Amount”) of $1,349,759 ($1,220,548 of principal and $129,211 of accrued and unpaid interest as of September 30, 2020) to be paid by the Issuer consists of a cash payment of $1,220,548 and 17,500,000 shares of Common Stock.  Upon receipt of the Loan Payoff Amount, (i) all liabilities, obligations, and indebtedness of the Issuer for credit extended under the Convertible Debenture, interest thereof and fees thereunder will be deemed fully paid and discharged, and (ii) the Convertible Debenture will be deemed terminated and of no further force and effect, except for provisions of the Convertible Debenture which by its terms survive the payment of the principal amount and interest.

Item 5. Purpose of Transaction

a.
Aggregate number and percentage of securities.

Delek GOM Investments is the owner of record of 294,018,459 shares of Common Stock beneficially owned pursuant to its exercise of the Warrants and receipt of the Insurance Proceeds Shares.  Each of the Reporting Persons, as a result of the relationships described in Item 2, may be deemed to directly or indirectly beneficially own the shares of Common Stock beneficially owned by Delek GOM Investments.

See also items 11 and 13 of the cover pages to, and Item 2 of, this Schedule 13D for the aggregate number of shares of Common Stock and percentage of Common Stock beneficially owned by each of the Reporting Persons. The ownership percentages reported in this Schedule 13D are based on (i) an aggregate of 1,250,740,346 shares of Common Stock outstanding as of August 13, 2020 as reported in the Issuer’s Quarterly Report on Form 10-Q filed on August 14, 2020 and (ii) 17,500,000 shares of Common Stock that will be directly owned by Delek GOM Investments upon receipt as part of the Loan Payoff Amount.

b.
Power to vote and dispose. See items 7 through 10 of the cover pages to, and Item 2 of, this Schedule 13D for the number of shares of Common Stock beneficially owned by each of the Reporting Persons as to which there is sole or shared power to vote or to direct the vote, and sole or shared power to dispose or to direct the disposition.

c.
Transactions within the past 60 days. Except for the information set forth herein, including in Items 3, 4 and 6, which is incorporated herein by reference, none of the Reporting Persons, nor, to the knowledge of the Reporting Persons, the Covered Persons has effected any transaction related to the Common Stock during the past 60 days.

d.
Certain rights of other persons. Not applicable.

e.
Date ceased to be a 5% owner. Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6 of the Original Schedule 13D is hereby amended and restated in its entirety as set forth below:

The information in Item 3 regarding the terms of the Letter Agreement and Convertible Debenture is incorporated by reference herein to the extent applicable.


Participation Agreement

On January 1, 2018, the Issuer entered into a participation agreement (the “Participation Agreement”) with Delek GOM Investments, a subsidiary of Delek Group, and Texas South Energy, Inc. (“Texas South”) governing the parties’ participation in the drilling of a multi-phase exploration program targeting the Issuer’s prospects located on the Issuer’s existing leases. Pursuant to the Participation Agreement, Delek Group will have the right to enter into a stock purchase agreement to purchase up to 5% of the Issuer’s Common Stock for each phase (capped at 20% in the aggregate), upon the fulfillment of milestones and obligations for each phase, at a price per share equal to a 10% discount to the 30-day weighted average closing price for the Common Stock preceding the purchase.  This right to enter into a stock purchase agreement to purchase shares of the Issuer’s Common Stock will expire on January 1, 2020.  On March 11, 2019, Delek GOM Investments notified the Issuer that it is exercising such right under the Participation Agreement to enter into a stock purchase agreement.   The Parties have not yet entered into any stock purchase agreement or any other agreement with respect to the exercise of the right.

Term Loan Agreement

On March 1, 2019, the Issuer entered into the Term Loan Agreement by and between the Issuer, as borrower, and Delek GOM Investments, as lender.  In the Term Loan Agreement, Delek GOM Investments agreed to provide the Issuer with multiple draw term loans in an aggregate stated principal amount of up to $11.0 million (the “Term Loan Facility” and the loans thereunder, the “Loans”).  As of March 7, 2019, the Issuer had borrowed a total of $10.0 million under the Term Loan Facility. The maturity date of the Term Loan Facility is six months following the closing date of the Term Loan Agreement.  Until such maturity date, the Loans under the Term Loan Agreement shall bear interest at a rate per annum equal to 5.0%, payable in arrears on the maturity date.  If an event of default occurs, all Loans under the Term Loan Agreement shall bear interest at a rate equal to 7.0%, payable on demand.  The Term Loan Agreement contains certain customary representations and warranties, certain affirmative and negative covenants and certain events of default.  Amounts outstanding under the Term Loan Agreement are secured by a security interest in substantially all of the properties and assets of the Issuer.

In connection with the exercise of the Warrants, Delek GOM Investments extinguished the Issuer’s outstanding obligations under the Term Loan Agreement as of March 6, 2019.  If the Issuer requests additional Loans up to $1.0 million under the Term Loan Agreement, the Issuer will be obligated to issue a new warrant to purchase the number of shares of Common Stock equal to the quotient of the total Loans divided by $0.042, with an exercise price of $0.042 per share.

Registration Rights Agreement

On March 25, 2019, the Issuer and Delek GOM Investments entered into a registration rights agreement (the “Registration Rights Agreement”) pursuant to which the Issuer has agreed to file a registration statement upon demand relating to the registered resale from time to time of (i) shares of Common Stock issued or issuable upon the exercise of the Warrants and (ii) certain other shares of Common Stock owned or acquired by Delek GOM Investments or its affiliates.  The Registration Rights Agreement also provides piggyback registration rights.   In connection with the Post-Drilling Agreement, the Issuer has agreed to amend the Registration Rights Agreement to include the shares of Common Stock underlying the Insurance Proceeds Shares.

Post-Drilling Agreement

On October 22, 2019, the Issuer entered into the Post-Drilling Agreement pursuant to which, among other items, the Issuer agreed to issue the Insurance Proceeds Shares and issue the Convertible Debenture, as described below, as payment of the Term Loan Payoff under the Term Loan Agreement.  In addition, the Issuer agreed to amend the Registration Rights Agreement as described above.

Convertible Debenture

On October 22, 2019, the Issuer issued the Convertible Debenture to Delek GOM Investments.  The Convertible Debenture is convertible at the option of Delek GOM Investments at any time in whole or in part for up to 24,410,960 shares of Common Stock at a conversion price of $0.05 per share.  Interest on the Convertible Debenture


is accruable at 12% per annum and the maturity of the Convertible Debenture is October 22, 2020 (which interest rate will increase to 15% per annum upon any Event of Default).  The Issuer has a right to prepay the Convertible Debenture prior to maturity for an amount equal to the outstanding principal balance plus accrued and unpaid interest.  Absent any restrictions under the federal securities laws, Delek GOM Investment’s ability to sell shares of Common Stock issued upon conversion of the Convertible Debenture will be limited, in any one-month period, to 10% (ten percent) of the total volume of such converted shares.

Letter Agreement

On October 1, 2020, the Issuer and Delek GOM Investments entered into the Letter Agreement pursuant to which the Issuer agreed to repay Delek GOM Investments in full the principal, interest and fees owed on the Convertible Debenture issued to Delek GOM Investments on October 22, 2019 with a principal amount of $1,220,548.  The Loan Payoff Amount of $1,349,759 ($1,220,548 of principal and $129,211 of accrued and unpaid interest as of September 30, 2020) paid by the Issuer consisted of a cash payment of $1,220,548 and 17,500,000 shares of Common Stock.  Upon receipt of the Loan Payoff Amount, (i) all liabilities, obligations, and indebtedness of the Issuer for credit extended under the Convertible Debenture, interest thereof and fees thereunder will be deemed fully paid and discharged, and (ii) the Convertible Debenture will be deemed terminated and of no further force and effect, except for provisions of the Convertible Debenture which by its terms survive the payment of the principal amount and interest.


The foregoing descriptions of the Participation Agreement, Term Loan Agreement, the Warrants, the Registration Rights Agreement, the Convertible Debenture and the Letter Agreement are qualified in their entirety by reference to such agreements, copies of which are filed as Exhibits 7.1, 7.2, 7.3, 7.4, 7.5 and 7.6 hereto, respectively, and incorporated herein by reference.
 
Item 7. Material to be Filed as Exhibits
 
Item 7 of the Original Schedule 13D is hereby amended and restated in its entirety as set forth below:

Exhibit 7.1
 
Participation Agreement, dated January 1, 2018 by and among the Issuer, Texas South Energy, Inc. and Delek GOM Investments, LLC (incorporated by reference to Exhibit 99.2 to the Current Report on Form 8-K of the Issuer filed on January 12, 2018).
 
 
 
Exhibit 7.2
 
Term Loan Agreement by and between the Issuer and Delek GOM Investments, LLC, dated as of March 1, 2019 (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K of the Issuer filed on March 7, 2019).
 
 
 
Exhibit 7.3
 
Form of Warrant Agreement (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K of the Issuer filed on March 7, 2019).
 
 
 
Exhibit 7.4
 
Registration Rights Agreement, dated March 25, 2019, between the Issuer and Delek GOM Investments, LLC (incorporated by reference to Exhibit 7.4 to Amendment No. 1 to Schedule 13D of the Reporting Persons filed on March 27, 2019).
 
 
 
Exhibit 7.5
 
Convertible Debenture, dated October 22, 2019 (incorporated by reference to Exhibit 7.5 to Amendment No. 2 to Schedule 13D of the Reporting Persons filed on October 25, 2019).
     
 
Letter Agreement, dated as of October 1, 2020, between the Issuer and Delek GOM Investments, LLC.
 
 
 
Exhibit 99.1
 
Joint Filing Agreement, dated as of March 7, 2019, by and among the Reporting Persons (incorporated by reference to Exhibit 99.1 to the Schedule 13D of the Reporting Persons filed on March 7, 2019).
 

SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date: October 5, 2020
 
 
 
 
 
 
By:
 
 
 
 
 
 

DELEK GROUP LTD.
 
 
 
 
By:
 
Its: 
Authorized Person
 
 
 
 

DKL INVESTMENTS LIMITED
 
 
 
 
By:
 
Its:
Authorized Person
 
 
 
 

DELEK GOM HOLDINGS, LLC
 
 
 
 
By:
 
Its: 
Authorized Person
 
 

DELEK GOM INVESTMENTS, LLC
 
 
 
 
By: 
 
Its: 
Authorized Person


 Schedule I

DIRECTORS AND EXECUTIVE OFFICERS OF DELEK GROUP LTD.

The directors and executive officers of Delek Group Ltd. are set forth below.

Each of the individuals listed below is a citizen of Israel. The principal business address of each of the executive officers, and, unless otherwise noted, directors listed below is 19 Abba Eban Blvd. P.O.B. 2054, Herzliya 4612001, Israel. The present principal occupation or employment of each of the executive officers is his or her position at the Company. For each of the directors, the present principal occupation or employment, and the name, principal business and address of any corporation or other organization in which such employment is conducted is below.

Name
Title
Idan Wallace
CEO
Barak Mashraki
Executive VP
Tamir Polikar
Executive VP and CFO
Executive VP and Chief Legal Counsel
Yossi Barnea
Chief Investment Officer
Ido Adar
Treasurer
Niv Sarne
Head of Energy, Business Development & M&A
Adv. Boaz M. Schnitzer
Head of Global Taxation & Structuring
Itzhak Sharon Tshuva
Director
Gabriel Last
Director
Roni Ron Milo
Director
Ehud Erez
Director
Carmit Elroy
Director
Ruth Dahan Portnoy
Director
Shimon Doron
Director



EXHIBIT INDEX
 

Exhibit 7.1
 
Participation Agreement, dated January 1, 2018 by and among the Issuer, Texas South Energy, Inc. and Delek GOM Investments, LLC (incorporated by reference to Exhibit 99.2 to the Current Report on Form 8-K of the Issuer filed on January 12, 2018).
 
 
 
Exhibit 7.2
 
Term Loan Agreement by and between the Issuer and Delek GOM Investments, LLC, dated as of March 1, 2019 (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K of the Issuer filed on March 7, 2019).
 
 
 
Exhibit 7.3
 
Form of Warrant Agreement (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K of the Issuer filed on March 7, 2019).
 
 
 
Exhibit 7.4
 
Registration Rights Agreement, dated March 25, 2019, between the Issuer and Delek GOM Investments, LLC (incorporated by reference to Exhibit 7.4 to Amendment No. 1 to Schedule 13D of the Reporting Persons filed on March 27, 2019).
 
 
 
Exhibit 7.5
 
Convertible Debenture, dated October 22, 2019 (incorporated by reference to Exhibit 7.5 to Amendment No. 2 to Schedule 13D of the Reporting Persons filed on October 25, 2019).
     
 
Letter Agreement, dated as of October 1, 2020, between the Issuer and Delek GOM Investments, LLC.
 
 
 
Exhibit 99.1
 
Joint Filing Agreement, dated as of March 7, 2019, by and among the Reporting Persons (incorporated by reference to Exhibit 99.1 to the Schedule 13D of the Reporting Persons filed on March 7, 2019).


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13D/A’ Filing    Date    Other Filings
10/22/20
Filed on:10/5/204
10/1/204
9/30/2010-K,  8-K
8/14/2010-Q
8/13/20
1/1/20
10/25/19SC 13D/A
10/22/194,  8-K
3/27/19SC 13D/A
3/25/198-K
3/11/19
3/7/193,  4,  8-K,  SC 13D
3/6/19
3/1/198-K
1/12/188-K
1/1/18
 List all Filings 
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