SECOND AMENDMENT TO THE COMPANY AGREEMENT OF ABRAXAS OPERATING, LLC
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Exhibit 3.8
SECOND AMENDMENT TO THE
COMPANY AGREEMENT OF
ABRAXAS OPERATING, LLC
This Second Amendment to the Company Agreement (the "Amendment") of Abraxas Operating, LLC, a Texas limited liability company (the "Company"), dated effective as of May 25, 2007 (the "Effective Date"), is made and entered into by and among Abraxas Energy Investments, LLC, a Texas limited liability company, and Abraxas General Partner, LLC, a Delaware limited liability company, constituting all of the members of the Company (each a "Member" and collectively, the "Members").
WHEREAS, the initial member entered into that certain Company Agreement of the Company effective as of May 21, 2007 (the "Company Agreement");
WHEREAS, the Company Agreement was amended by that certain First Amendment to the Company Agreement of Abraxas Operating, LLC, dated effective as of May 25, 2007; and
WHEREAS, the Members, with the consent of all of the Members, assigned all of their percentage interests in the Company to Abraxas Energy Partners, L.P., effective as of May 25, 2007.
NOW, THEREFORE, in consideration of the promises and mutual covenants contained herein, the parties hereto, each intending to be legally bound, hereby amend the Company Agreement as follows:
1. Definitions. Unless otherwise defined herein, capitalized terms shall have the meaning ascribed to such terms in the Company Agreement.
2. Amendment of Company Agreement. Schedule A of the Company Agreement is hereby amended and restated to read, in its entirety as set forth in a new Schedule A, in the form attached hereto as Schedule A.
3. Ratification. Except as otherwise amended in this Amendment, the Company Agreement remains in full force and effect.
4. Governing Law. This Amendment and the rights and obligations of the parties hereto shall be governed by and construed and enforced in accordance with the substantive laws of the State of Texas without regard to its conflict of law principles.
5. Titles and Captions. All captions in this Amendment are for convenience only, shall not be deemed part of this Amendment and in no way define, limit, extend or describe the scope or intent of any provisions hereof.
6. Authority. Each of the parties executing this Amendment represents and warrants that it has been fully authorized and has the requisite authority to bind the respective party to the terms hereof.
7. Counterparts. This Amendment may be executed in multiple counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. Facsimile signatures shall be given the same effect as original signatures.
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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above.
MEMBERS: |
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ABRAXAS ENERGY INVESTMENTS, LLC |
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By: |
/s/ Xxxxxxx X. Xxxxxxx |
|
Name: | Xxxxxxx X. Xxxxxxx | |
Title: | President and Chief Operating Officer | |
ABRAXAS GENERAL PARTNER, LLC |
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By: |
/s/ Xxxxxxx X. Xxxxxxx |
|
Name: | Xxxxxxx X. Xxxxxxx | |
Title: | President and Chief Operating Officer |
ACKNOWLEDGED AND AGREED: |
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ABRAXAS ENERGY PARTNERS, L.P. |
||||
By: |
Abraxas General Partner, LLC, its General Partner |
|||
By: |
/s/ Xxxxxxx X. Xxxxxxx |
|||
Name: | Xxxxxxx X. Xxxxxxx | |||
Title: | President and Chief Operating Officer |
SCHEDULE A
to the
ABRAXAS OPERATING, LLC COMPANY AGREEMENT
Effective May 25, 2007
|
Certificate Number |
Company Percentage |
||||
---|---|---|---|---|---|---|
Members: | ||||||
Abraxas Energy Partners, L.P. | 4 | 100.0 | % | |||
Total: |
100 |
% |
SECOND AMENDMENT TO THE COMPANY AGREEMENT OF ABRAXAS OPERATING, LLC
RECITALS
SCHEDULE A to the ABRAXAS OPERATING, LLC COMPANY AGREEMENT Effective May 25, 2007