Exhibit 10.39.1
AMENDMENT
TO
RABBI TRUST AGREEMENT
This Amendment to the Trust Agreement (the "Trust Agreement")
between U.S. Trust Company, National Association (the "Trustee") and Conoco Inc.
(the "Company") is hereby entered into this 25th day of February, 2002 and shall
become effective March 1, 2002.
WHEREAS, the Trust Agreement may be amended with respect to certain
matters pursuant to Section 12;
NOW, THEREFORE, effective as of the date specified above, the
Company and Trustee hereby amend Section 15 of the Trust Agreement by adding the
following sentence to the end of the definition of "Change in Control" to read
as follows:
"Notwithstanding any provision to the contrary, neither the transactions
contemplated by the Agreement and Plan of Merger dated as of November 18,
2001 to which Xxxxxxxx Petroleum Company and the Company are parties, nor
the approval of such transactions by the shareholders of either Xxxxxxxx
Petroleum Company or the Company, shall constitute a Change of Control for
purposes of any provision of this Trust Agreement."
IN WITNESS WHEREOF, the Company and the Trustee have signed this
amendment to the Trust Agreement as of the date first written above.
CONOCO INC.
By: /s/ X. X. Xxxxxxx
------------------------------------------
X. X. Xxxxxxx
Senior Vice President, Finance
and Chief Financial Officer
U.S. TRUST COMPANY, NATIONAL ASSOCIATION
By: /s/ Xxxxxxx X. Xxxx
------------------------------------------
Title: Executive Vice President
---------------------------------------
1
