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EXHIBIT 10.2
SIDE LETTER AGREEMENT
This Agreement is between Amoco Production Company ("Amoco") and HS
Resources, Inc. ("HS") and is dated this 25 day of November, 1997.
Amoco desires to sell, assign and convey to HS and HS desires to purchase
and accept certain oil and gas properties and related interests;
Amoco and HS also desire to exchange certain oil and gas properties;
The parties have reached agreement regarding such sale, purchase, and
exchange and wish to set forth in this side letter their agreement regarding the
total consideration for the transaction for purposes of public announcement and
press releases with respect thereto.
In consideration of the mutual promises set forth herein and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows;
1. The total consideration to be paid by HS for the purchase of the
properties as described in the Agreement is as follows:
a. US$290,000,000 in cash;
b. 1,200,000 shares of HS common stock; and
c. Conveyance of certain of HS properties as described in
Exhibit B to the Agreement.
2. For the purpose of any press release or public announcement regarding
this transaction, the parties agree to use $333,000,000.00 as the total
consideration to be paid or to be received in conjunction with the closing of
the transaction.
AMOCO PRODUCTION COMPANY HS RESOURCES, INC.
By: /s/ XXX X. XXXXXXX By: /s/ XXXXXX X. XXXXXX
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Name: Xxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxx
Title: Attorney-In-Fact Title: Vice President, Acquisitions
and Divestitures
