FORM OF DRILLING AND OPERATING AGREEMENT EXHIBIT (10) (a) Form of Drilling and Operating Agreement DRILLING AND OPERATING AGREEMENTDrilling and Operating Agreement • June 10th, 2003 • PDC 2003 Drilling Program I
This Agreement is entered into by and between PDC 2003- Limited Partnership, hereinafter designated and referred to as the "Partnership", and Petroleum Development Corporation, hereinafter referred to and designated as "PDC".
ESCROW AGREEMENT WITH BANK ONE, WEST VIRGINIA, N.A. SUBSCRIPTION ESCROW AGREEMENTSubscription Escrow Agreement • June 10th, 2003 • PDC 2003 Drilling Program I • New York
Subscription Escrow Agreement (the "Escrow Agreement") dated as of the effective date (the "Effective Date") set forth on schedule 1 attached hereto ("Schedule 1") by and among the limited partnership identified on Schedule 1 (the "Issuer"), the corporation identified on Schedule 1 (the Depositor") and Bank One, West Virginia, as escrow agent hereunder (the "Escrow Agent").
DEALER-MANAGER AGREEMENT EXHIBIT (1) (a) Dealer-Manager Agreement PDC 2003 Drilling Program I DEALER/MANAGER AGREEMENTDealer-Manager Agreement • June 10th, 2003 • PDC 2003 Drilling Program I • West Virginia
The undersigned, Petroleum Development Corporation, a Nevada corporation ("PDC"), the Managing General Partner of PDC 2003 Drilling Program I , a series of limited partnerships to be organized under the laws of West Virginia (the "Partnership"), hereby confirms and agrees as follows:
SELLING DEALERS AGREEMENT EXHIBIT (1) (b) Selling Dealers Agreement PDC SECURITIES INCORPORATED BRIDGEPORT, WEST VIRGINIA 26330 Selling Dealers AgreementSelling Dealers Agreement • June 10th, 2003 • PDC 2003 Drilling Program I • West Virginia
We have entered into a Dealer Manager Agreement (the "Dealer Manager Agreement") with Petroleum Development Corporation, a Nevada corporation ("PDC"), the proposed Managing General Partner of PDC 2003-C, and D, a series of limited partnerships to be formed under the laws of West Virginia (the "Partnership"), under which we have agreed to use our best efforts to place with qualified investors preformation partnership interests in the Partnership ("Units"). PDC and the Partnership are offering up to $52,500,000 of Units consisting of 2,625 Units at a price of $20,000 per Unit with fractional Units available as described in the Partnership's Offering Prospectus, dated ________________, 2003 (the "Prospectus"), a copy of which has previously been furnished to you.
