Magnum Hunter Resources, Inc.
000 Xxxx Xxx Xxxxxxx Xxxx., Xxxxx 0000
Xxxxxx, Xxxxx 00000
February 20, 1998
Oklahoma Oil Company
Xx. Xxxx Xxxxxxxx
000 Xxxxxxxx Xxxxx, Xxxxx 0000
Xxxxxx, Xxxxx 00000
Gentlemen:
Reference is made to the letter agreement dated October 13, 1997 (the
"Agreement") setting forth the terms of the compensation arrangement between you
and Magnum Hunter Resources, Inc. with respect to a possible acquisition of TEL
Offshore Trust. Magnum Hunter Resources, Inc. and you hereby agree, effectively
immediately, to amend the Agreement to delete paragraph 3 thereof in its
entirety.
If this letter correctly sets forth the understanding between Magnum Hunter
Resources, Inc. and you, please so indicate by signing below in the space
provided.
Very truly yours,
Magnum Hunter Resources, Inc.
/s/ Xxxx X. Xxxxx
By:_____________________________
Xxxx X. Xxxxx, President
ACCEPTED AND AGREED:
OKLAHOMA OIL COMPANY
/s/ Xxxxxxx X. Xxxxx
By:_______________________
Xxxxxxx X. Xxxxx,
President
/s/ Xxxx Xxxxxxxx
By:_______________________
Xxxx Xxxxxxxx
