EXCO OPERATING COMPANY, LP. 12377 Merit Drive, Suite 1700 Dallas, Texas 75251
Exhibit 10.16
EXCO OPERATING COMPANY, LP.
00000 Xxxxx Xxxxx, Xxxxx 0000
Xxxxxx, Xxxxx 00000
February 1, 2011
BG US Production Company, LLC
0000 Xxxxxxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Attention: Xxx Xxxxxx
RE: Amendment to Joint Development Agreement
Dear Sirs:
Reference is made to that certain Joint Development Agreement among EXCO Operating Company, LP (“EOC”), EXCO Production Company, LP (which entity merged into EOC and terminated its separate existence) and BG US Production Company, LLC (“BG”), dated as of August 14, 2009 (as it may have been amended from time to time, the “JDA”). In consideration of the mutual promises contained herein and in the JDA and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, EOC and BG hereby agree to amend the JDA as follows:
The definition of “Applicable EXCO Escrow Period” in Section I.C. of Exhibit H of the JDA shall be replaced in its entirety with the following:
C. | “Applicable EXCO Escrow Period” shall mean, with respect to any relevant Calendar Month, the period beginning on the first day of the succeeding Calendar Month and ending on the last day of the third Calendar Month following such succeeding Calendar Month. |
Except as amended by this letter the JDA remains in full force and effect. Capitalized terms used in this letter but not otherwise defined in this letter shall have the meaning given to such terms in the JDA. The terms of Sections 13.1 and 13.2 of the JDA are incorporated by reference as if set out in full herein. This letter may be executed in any number of counterparts, and each such counterpart hereof shall be deemed to be an original instrument, but all of such counterparts shall constitute for all purposes one agreement. Any signature hereto delivered by a Party by facsimile transmission shall be deemed an original signature hereto.
[Signature Page Follows]
If this letter correctly sets forth our understanding, please execute two copies of this letter, and return one original to the undersigned at the address provided in the JDA. This letter was executed as of the date first set forth above but shall be effective as of January 1, 2011.
Very truly yours, | ||
EXCO OPERATING COMPANY, LP | ||
By: |
Exco Partners OLP GP, LLC | |
By: /s/ XXXXXXX X. BOEING | ||
Name: XXXXXXX X. BOEING | ||
Title: VICE PRESIDENT AND GENERAL COUNSEL |
Agreed and accepted on February 1, 2011, effective as of the effective date set forth above.
BG US PRODUCTION COMPANY, LLC | ||
By: |
/s/ XXXXXXXXX XXXXXX |
Name: |
XXXXXXXXX XXXXXX |
Title: |
PRESIDENT |
cc:
BG US Production Company, LLC
0000 Xxxxxxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Attention: Xxxx Xxx
BG North America, LLC
0000 Xxxxxxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Attention: Xxxxx Xxxxxx, Principal Counsel
EXCO Operating Company, LP.
00000 Xxxxx Xxxxx, Xxxxx 0000
Xxxxxx, Xxxxx 00000
Attention: Xxxxxxx X. Boeing Vice President, General Counsel
And Secretary
Xxxxxx & Xxxxxx L.L.P.
2500 First City Tower
0000 Xxxxxx Xxxxxx
Xxxxxxx, Xxxxx 00000-0000
Attention: Xxxxx Xxxxxxxxxxx
Xxxxxx, Xxxxx & Xxxxxxx LLP
0000 Xxxxxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Attention: Xxxxx X. Xxxxx