Samson Plaza Two West Second Street Tulsa, Oklahoma 74103-3103 USA Fax 918/591-1796 March 19, 2012 Mr. David Adams Chief Executive Officer Samson Resources Company Samson Investment Company Two West Second Street Tulsa, Oklahoma 74103
Exhibit 2.3
Samson Xxxxx
Xxx Xxxx Xxxxxx Xxxxxx
Xxxxx, Xxxxxxxx 00000-0000
XXX
918/000-0000
Fax 918/000-0000
March 19, 2012
Mr. Xxxxx Xxxxx
Chief Executive Officer
Samson Resources Company
Samson Investment Company
Xxx Xxxx Xxxxxx Xxxxxx
Xxxxx, Xxxxxxxx 00000
Re: | Stock Purchase Agreement dated as of November 22, 2011 among Tulip Acquisition Corporation (now Samson Resources Corporation), Samson Investment Company, and the Selling Stockholders named therein, as amended by that certain Amendment No. 1 to Stock Purchase Agreement dated as of December 12, 2011 (as so amended, the “Agreement”) |
Dear Xx. Xxxxx:
I am writing to confirm the following understandings pursuant to our recent discussions.
First, the parties to the Agreement have agreed to amend, and extend certain time periods set forth in, Section 7.9 of the Agreement for the delivery and/or destruction of Records as follows:
1. | The ninety (90) day time period set forth in Section 7.9(a), as it relates only to Sections 7.9(a)(i) and 7.9(a)(ii), shall be extended to a period of one hundred eighty (180) calendar days. |
2. | The requirements of Section 7.9(a)(iv) shall be limited to only those Company Records relating to the Gulf Coast Division and the Offshore Division. |
3. | The sixty (60) day time period set forth in Section 7.9(b) shall be changed to be the later of: (i) sixty (60) calendar days after final resolution of, and payment provided for in, the Post-Closing Settlement Statement pursuant to Annex B and (ii) one hundred eighty (180) calendar days after Closing. |
Mr. Xxxxx Xxxxx
March 19, 2012
Page 2
Second, the parties to the Agreement acknowledge that the litigation styled Chaparral Energy v. SRC, et al., District Court, Xxxxxxx County, Oklahoma, Case No. CJ-2007-144, pertains to the Selling Stockholder Transaction and accordingly agree that such litigation will be removed from Section 9.3 of the Disclosure Schedule and will be inserted in Section 9.2 of the Disclosure Schedule.
All capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Agreement.
Except as expressly amended hereby, the Agreement shall remain with its original terms, as previously amended.
If the foregoing accurately reflects our agreement, please sign the signed original of this letter to me.
Sincerely, | ||
By: | /s/ Xxxxx Xxxxxxxxxxx, | |
Xxxxx Xxxxxxxxxxx, as an authorized officer of SFT (Delaware) Management LLC | ||
and ST 2008 (Delaware) Management, LLC |
By: | /s/ Xxxxxxx Xxxxxx, | |
Xxxxxxx Xxxxxx, as President of Xxxxxxx | ||
and Xxxx Xxxxxxxxxxx Family Foundation |
AGREED TO AND ACCEPTED MARCH 26, 2012 | ||
By: | /s/ Xxxxx Xxxxx, | |
Xxxxx Xxxxx, as Chief Executive Officer of Samson | ||
Investment Company and Samson Resources Corporation | ||
(formerly known as Tulip Acquisition Corporation) |