AMENDMENT XX. 0
XX
XXXXXXXXX
XXXX XXXX XXXXX, XXXXXXXX XXXXXX'X XXXXXXXX OF CHINA
This Amendment made effective the 13th day of December,
1996 among APACHE CHINA CORPORATION LDC, a Cayman Islands
corporation, having its principal office at 0000 Xxxx Xxx
Xxxxxxxxx, Xxxxxxx, Xxxxx 00000 ("Apache"), XCL-CHlNA LTD., a
company organized under the laws of the British Virgin Islands,
having its principal office at 000 Xxx Xxxx Xxxxxxx, Xxxxxxxxx,
Xxxxxxxxx 00000 ("XCL-China") and XCL LTD., a Delaware
corporation, having its principal office at 000 Xxx Xxxx Xxxxxxx,
Xxxxxxxxx, Xxxxxxxxx 70~O$ ("XCL") as parent of XCL-China.
Apache, XCL-China and XCL are sometimes referred to below
as Party or Parties.
WITNESSETH
WHEREAS, the Parties entered into a certain Agreement
effective as of May 1, 1995 (the 'May Agreement") which provided
among other things for Apache to bear and pay XCL China's share
of the costs of drilling certain xxxxx on the Block referred to
above; and
WHEREAS, the Parties have determined it is in their best
interests to modify the May Agreement;
IN CONSIDERATION of the mutual promises made, the Parties
agree that Section 3.1(a)(iii) of the May Agreement shall be
deleted and replaced by the following:
"3.1(a)(iii) the next Appraisal well to be drilled
following the C-3 Appraisal well, namely the D-2
currently drilling on December 13, 1996."
IN WITNESS whereof each Party has caused its duly
authorized representative to sign this Agreement on the dates set
out below but effective on the day and year first above written.
APACHE CHINA CORPORATION LUC
/s/ Xxxxxx Xxxxxx
By: ______________________________________
4/3/97
Date: ____________________________________
XCL-CHlNA LTD.
/s/ Marsden X. Xxxxxx, Xx.
By:_______________________________________
April 3, 1997
Date:_____________________________________
XCL LIMITED
/s/ Marsden X. Xxxxxx, Xx.
By:______________________________________
April 3, 1997
Date:___________________________________
