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EXHIBIT 10.23(b)
AMENDMENT NO. 1
TO
MERGER AND PURCHASE AGREEMENT
THIS AMENDMENT NO. 1 TO MERGER AND PURCHASE AGREEMENT (the "First
Amendment") is made as of the first day of February, 1999, among Union Pacific
Resources Company, a Delaware corporation, Union Pacific Fuels, Inc., a
Delaware corporation and a wholly-owned subsidiary of Seller, Duke Energy Field
Services, Inc., a Colorado corporation, and DEFS Merger Sub Corp., a Delaware
corporation and a wholly-owned subsidiary of Buyer.
WHEREAS, the parties hereto heretofore entered into a Merger and
Purchase Agreement, dated November 20, 1998 (the "Original Agreement")
(capitalized terms not otherwise defined herein have the same meanings ascribed
to such terms in the Original Agreement);
WHEREAS, the parties hereto desire to amend the Original Agreement, as
described below, by entering into this First Amendment;
NOW, THEREFORE, in consideration of the premises and of the mutual
agreements, representations, warranties, provisions and covenants herein
contained, the parties hereto hereby agree as follows:
1. Exhibit A (Property Schedule) is hereby amended by deleting the
legal description labeled Ladder Creek Plant/High Plains Gathering System in
its entirety and substituting the attached legal description it is place.
2. Exhibit B (Restructuring Activities) and Schedules 1.01(1)
(Excluded Businesses and Assets), 1.01(4) (Purchased Assets) and 5.01(a)(ix)
(Risk Management Positions) to the Original Agreement are hereby amended and
restated in their entirety as attached hereto.
3. This First Amendment is executed, and shall be considered, as an
amendment to the Original Agreement and shall form a part thereof, and the
provisions of the Original Agreement, as amended by this First Amendment, are
hereby ratified and confirmed in all respects.
4. This First Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, and all of which taken together
shall constitute but one and the same instrument. This Agreement shall become
binding only when each party hereto has executed and delivered to the other
parties one or more counterparts.
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IN WITNESS WHEREOF, the parties hereto have executed this First
Amendment or have caused this Agreement to be duly executed by their respective
authorized officers as of the day and year first above written.
UNION PACIFIC RESOURCES COMPANY
By: /s/ XXXXXX X. XXXXXX
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Name: Xxxxxx X. XxXxxx
Title: Vice President, General Counsel
and Corporate Secretary
UNION PACIFIC FUELS, INC.
By: /s/ XXXXX X. XXXXXXXX
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Name: Xxxxx X. Xxxxxxxx
Title: Vice President
DUKE ENERGY FIELD SERVICES, INC.
By: /s/ X. X. XXXX
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Name: X. X. Xxxx
Title: President
DEFS MERGER SUB CORP.
By: /s/ X. X. XXXX
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Name: X. X. Xxxx
Title: President
