July 8, 1996
FX Drilling Company, Inc.
Attn: Xx. Xxxxx X. Xxxxxx
0000 Xxxxxxxx Xx., Xxxxx 000
Xxxx Xxxx Xxxx, XX 00000
Re: CENEX Contract No: FX-94-P90243
Amendment #3
Gentlemen:
In accordance with our mutual understanding, it is hereby agreed that effective
7:00 A.M., July 1, 1996, the above referenced contract, dated July 8, 1994, and
the existing amendments thereto, shall be amended to read as follows:
PAYMENTS:
EFFECTIVE June 1, 1996 payment will be based on gauged run tickets per load for
all properties except MT 9118, Tract 84 will be based off of operators meter at
lease on a P/L ticket for beginning and ending month totalizers. Effective July
1, 1996, Tract 84 will be purchased off operators meter at the lease based on a
PER LOAD basis.
Except as herein provided, all terms and provisions of said contract and
amendment(s) thereto, shall remain in full force and in effect as written.
If this amendment meets with your understanding of our Agreement, please execute
and retain one copy for your records and return two copies to our office.
CENEX, will then execute and return one copy fully executed copy to you for your
records.
AGREED TO AND ACCEPTED ON THIS 16th day of July, 1996
Yours very truly,
FX DRILLING COMPANY, INC. CENEX, Inc.
BY: /s/ Xxxxx X. Xxxxxx, President /s/ Xxxx X. Xxxxxx,
Manager, Lease Crude
Purchasers and Operations
Raw Material Marketing &
Supply
