FIRST AMENDMENT TO GOLDEN LANE PARTICIPATION AGREEMENT

Exhibit 10.7

This First Amendment to Golden Lane Participation Agreement (this “First Amendment”) is dated as of the day of October, 2007 by and between New Dominion, L.L.C., an Oklahoma limited liability company (“NDL”), Scintilla, L.L.C., an Oklahoma limited liability company (“Scintilla”), North Paradigm Partners, L.P. North Paradigm Partners II, L.P., North Paradigm Partners III-A, L.P., North Paradigm Partners III-B, L.P. (all Delaware limited partnerships), and the Xxxxxxx Xxxxx and Xxxxxx Xxxxx Family Trust dated January 10, 2007 (collectively the “NPP Group”), and CEU Paradigm, LLC, a Delaware limited liability company (“CEU,” and, collectively with Scintilla and the NPP Group, the “Participants”).

RECITALS

A. The Participants have previously entered into that certain Golden Lane Participation Agreement dated effective January 10, 2007 (the “Participation Agreement”).

B. The Participants now desire to amend the Participation Agreement in accordance with the terms of this First Amendment in order to correct (i) the interests shown on Exhibit “A” to the Participation Agreement and (ii) certain township and range descriptions shown on Exhibit “A” to the Participation Agreement.

AGREEMENTS

NOW, THEREFORE, in consideration of the mutual covenants and conditions herein contained, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Participants agree as follows:

1. All capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Participation Agreement.

2. The Participation Agreement is amended as follows:

Exhibit “A” to the Participation Agreement is amended and restated to read as provided in Exhibit “A” attached hereto, effective as of the date of the Participation Agreement.

3. The Participants ratify the terms of the Participation Agreement, as amended by this First Amendment. All of the terms and provisions of the Participation Agreement are and shall remain in full force and effect, subject to the terms of this First Amendment.

[SIGNATURE PAGES FOLLOW]

IN WITNESS WHEREOF, the Participants have executed this First Amendment as of the date first above written.


NDL:		CEU Paradigm, LLC:

NEW DOMINION, L.L.C.		CEU PARADIGM, LLC

By:	/s/ Xxxxx X. Xxxxxxxxx	By:	/s/ Xxx Xxxxxxxxxx
	Xxxxx X. Xxxxxxxxx, Manager		Xxx Xxxxxxxxxx, Chief Operating Officer

SCINTILLA:

SCINTILLA, L.L.C.

By:	/s/ Xxxxx X. Xxxxxxxxx
	Xxxxx X. Xxxxxxxxx, Manager

North Paradigm Partners, L.P.		North Paradigm Partners II, L.P.

NORTH PARADIGM PARTNERS, L.P.		NORTH PARADIGM PARTNERS II, L.P.

By:	/s/ Xxxxxxx X. Xxxxx	By:	/s/ Xxxxxxx X. Xxxxx
Name:	Xxxxxxx X. Xxxxx	Name:	Xxxxxxx X. Xxxxx
Title:	CEO of Managing General Partner	Title:	CEO of Managing General Partner

Signature Page to First Amendment to Golden Lane Participation Agreement


North Paradigm Partners III-A, L.P.		North Paradigm Partners III-B, L.P.

NORTH PARADIGM PARTNERS III-A, L.P.		NORTH PARADIGM PARTNERS III-B, L.P.

By:	/s/ Xxxxxxx X. Xxxxx	By:	/s/ Xxxxxxx X. Xxxxx
Name:	Xxxxxxx X. Xxxxx	Name:	Xxxxxxx X. Xxxxx
Title:	CEO of Managing General Partner	Title:	CEO of Managing General Partner

Waveland Drilling Partners 2006A, L.P.		Waveland Drilling Partners 0000X, X.X.

WAVELAND DRILLING PARTNERS 2006A, L.P.		WAVELAND DRILLING PARTNERS 2006B, L.P.

By:	/s/ Xxxxxxx X. Xxxxx	By:	/s/ Xxxxxxx X. Xxxxx
Name:	Xxxxxxx X. Xxxxx	Name:	Xxxxxxx X. Xxxxx
Title:	CEO of Managing General Partner	Title:	CEO of Managing General Partner

Waveland Drilling Partners 2007A, L.P.		Xxxxxxx Xxxxx and Xxxxxx Xxxxx Family Trust dated January 10, 2007

WAVELAND DRILLING PARTNERS 2007A, L.P.		XXXXXXX XXXXX AND XXXXXX XXXXX FAMILY TRUST DATED JANUARY 10, 2007

By:	/s/ Xxxxxxx X. Xxxxx	By:	/s/ Xxxxxxx X. Xxxxx
Name:	Xxxxxxx X. Xxxxx	Name:	Xxxxxxx X. Xxxxx, Trustee
Title:	CEO of Managing General Partner

		By:	/s/ Xxxxxx X. Xxxxx
		Name:	Xxxxxx X. Xxxxx, Trustee

Signature Page to First Amendment to Golden Lane Participation Agreement

EXHIBIT “A” to First Amendment to Golden Lane Participation Agreement


EXHIBIT “A”
TO THE GOLDEN LANE PARTICIPATION AGREEMENT DATED 1/10/2007

Xxxxx Xxxxxxxx Xxxx		X00X-X0X
		Pottawatomie and Seminole counties
		Oklahoma

CEU		36.0000%
Scintilla		39.0000%
NPP Group		25.0000%

Boomtown Area		T10 and 11N-R5E
		Pottawatomie and Seminole counties
		Oklahoma

CEU		39.0625%
Scintilla		60.9375%

Xxxxx Xxxxxxxx		X00X-X0X
		Pottawatomie and Seminole counties
		Oklahoma

CEU		47.6875%
Scintilla		52.3215%

Xxxxx with outside prior participation agreements in South Paradigm:

Xxxxx #1-18H		X/0 Xxx. 00, X00X, X0X
Scintilla		52.3125%
CEU		47.6875%

Angus #1H		W/2 NE/4 Sec. 11, T10N, R6E
Scintilla		74.4625%
CEU		25.5375%

Xxxxx #2H		SW/4 Sec. 17, T10N, R6E
Scintilla		43.0750%
CEU		56.9250%

Xxxx #1H		NW/4 Sec. 11, T10N, R6E
Scintilla		98.7500%
CEU		1.2500%

Black Tiger #1-23H		SE/4 Sec. 22 and XX/0 Xxx. 00, X00X, X0X
Scintilla		46.5625%
CEU		53.4375%

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Koron #1-18H		X/0 Xxx. 00, X00X, X0X
Scintilla		52.3125%
CEU		47.6875%

Xxxxx #1-20H		W/2 Sec. 20, T10N, R6E
Scintilla		52.3125%
CEU		47.6875%

Xxxx #2H		N/2 Sec. 19, T10N, R6E
Scintilla		61.8196%
CEU		38.1804%

Xxxxx #3H		SW/4 Sec. 11, T10N, R6E
Scintilla		55.2125%
CEU		44.7875%

Xxxxxxxxx #1H		S/2 Sec. 4, T10N, R6E
Scintilla		52.3125%
CEU		47.6875%

Xxxx #0-0X		X/0 Xxx. 0, X00X, X0X
Scintilla		52.3125%
CEU		47.6875%

Xxxxxxx		X00 xxx 00X, X0X
		Xxxxxxxx and Okfuskee counties
		Oklahoma

CEU		37.5000%
Scintilla		37.5000%
NPP Group		25.0000%

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FIRST AMENDMENT TO GOLDEN LANE PARTICIPATION AGREEMENT

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