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EXHIBIT 99.7
[BANKERS TRUST COMPANY LETTERHEAD]
June 9, 2000
Xxxxxx Brothers Inc.
Three World Financial Center
New York, New York 10285
Attention: Auction Rate Securities Trading Desk
Ladies and Gentlemen:
Reference is made to that Broker-Dealer Agreement between Bankers Trust
Company and Xxxxxx Brothers Inc., dated as of December 22, 1999
(the "Agreement"), relating to the Flexible Money Market Cumulative Preferred
Stock (MMP(R)), Series C, of EOG Resources, Inc. ("EOG").
EOG is currently making an exchange offer to the holders of its
Flexible Money Market Cumulative Preferred Stock (MMP(R)), Series C, and it is
expected that the holders of such stock will exchange such stock for shares of
EOG's Flexible Money Market Cumulative Preferred Stock (MMP(R)), Series D. Upon
that exchange, you and we agree that all references in the Agreement to
"Flexible Money Market Cumulative Preferred Stock (MMP(R)), Series C," or to
"Shares" shall be to the Flexible Money Market Cumulative Preferred Stock
(MMP(R)), Series D, of EOG, and all references in the Agreement to the
"Certificate of Designations" shall be to the Certificate of Designations, as
amended, of EOG establishing the designation, preferences and rights of its
Flexible Money Market Cumulative Preferred Stock (MMP(R)), Series D, as filed
with the Secretary of State of the State of Delaware.
If the foregoing correctly sets forth our agreement, please so indicate
by signing a copy of this letter in the space provided below.
Very truly yours,
BANKERS TRUST COMPANY
By: /s/ Xxxxx X. Xxxxx
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Name: Xxxxx X. Xxxxx
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Title: Vice President
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Xxxxxx and accepted this 12th day of June, 2000
XXXXXX BROTHERS INCORPORATED
By: /s/ Xxx Xxxxxxxx
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Name: Xxx Xxxxxxxx
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Title: Managing Director
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