EXHIBIT 10.3a
AMENDMENT TO GAS PROCESSING AGREEMENT
Dated November 19, 1999
April 27, 2000
Upper Cumberland Natural Gas Company, Inc. and Little Creek Farms, Inc. whose
address is 0000 Xxx Xxxx, Xxxxxx, Xxxxxxxxx 00000, hereinafter referred to as
"UCNGC", and Westfield Oil & Gas, Inc. whose address is 00000 Xxxxx Xxxx,
Xxxxxxx, Xxxxx 00000, hereinafter referred to as "Westfield" entered into a GAS
PROCESSING AGREEMENT DATED NOVEMBER 19, 1999, attached hereto and made part of
this agreement. Due to the extraordinary and unexpected expenses associated with
the various labor, parts, service, construction, and related costs to
"Westfield" to install the Liquids plant, and its related components, including
the replacement of the Compressors and rebuild and modify the "UCNGC" gathering
system, to meet system requirements. It is agreed and understood that "UCNGC"
hereby agrees to the following terms and conditions:
To pay 50% of the Gross revenues from the sale of UCNGC gas to "Westfield" until
"Westfield" has recovered its expenses totaling $175,000.00 plus a service fee
of 25% for a total of $218,750.00 (two hundred eighteen thousand seven hundred
and fifty dollars). In addition to the gas revenue, "Westfield" will receive
100% of the proceeds from the sale of the extracted liquids until such time the
$218,750.00.
It is further agreed and understood that Upper Cumberland Natural Gas and
Westfield Oil & Gas will select a mutually acceptable Bank in Tennessee and
appoint them as the Trust for the disbursement of any and all funds generated
from the sale of the aforementioned natural gas. The City of Xxxxxxxxxx
Tennessee, and or any other purchaser of said natural gas will be instructed by
UCNGC & Westfield Oil & Gas to pay all invoices to the TRUST. The Trust will
have written disbursement instructions agreed to by UCNGC and Westfield, which
shall dictate the exact disbursements to the parties. This disbursement cannot
be changed by either party without specific instructions, modified and
authorized by both of the parties, submitted to the Trust in writing and
executed in the presence of a Notary Public and filed with the Trust Bank.
Dated this ______day of _____, 2000
UPPER CUMBERLAND NATURAL GAS COMPANY, INC.
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BY: Xxxxxxx Xxxxxxx, President
LITTLCREEK FARMS, INC
AMMENDMENT TO CONTACT (Page 2)
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BY: Xxxxxxx Xxxxxxx, President
ACKNOWLEDGEMENT
STATE OF TENNESSEE
COUNTY OF _______________________
Before me the undersigned authority, on this day personally appeared Xxxxxxx
Xxxxxxx, known to me to be the person whose name is subscribed to the foregoing
instrument and acknowledged to me that he executed for the purposes and
consideration therein expressed.
Given Under my hand and seal of office this __________ day of May, 2000
Seal _________________________
Notary
My commission expires ______________________
WESTFIELD OIL & GAS, INC.
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BY: Xxxx Xxxxxx, Agent
