FIRST AMENDMENT TO LIMITED PARTNERSHIP AGREEMENT
Exhibit 3.1
FIRST AMENDMENT TO LIMITED PARTNERSHIP AGREEMENT
This FIRST AMENDMENT (this “Amendment”) to the Limited Partnership Agreement (the
“Agreement”) of Rockies Region Private Limited Partnership (the “Partnership”) is made as of
this 15th day of June, 2011. Capitalized terms used but not defined in this Amendment shall have
the respective meanings given to such terms in the Agreement. Each reference to “hereof,”
“hereunder,” “hereby” and “this Agreement” in the Agreement shall, from and after the date of this
Amendment, refer to the Agreement as amended by this Amendment.
WHEREAS, pursuant to Section 11.09 of the Agreement, the Agreement may not be amended without
the consent of the Investor Partners owning a majority of the then outstanding Units entitled to
vote; and
WHEREAS, at a Special Meeting of the Investor Partners held on June 15, 2011, the Investor
Partners approved an amendment to the Agreement as set forth herein;
NOW, THEREFORE, the Managing General Partner of the Partnership amends the Agreement as
follows:
Section 7.08 of the Agreement is hereby amended by the addition of the following
sentence to the end thereof:
“In addition to the preceding voting rights of Investor Partners described in this Section,
the affirmative vote of the Investor Partners holding a majority of the then outstanding Units
held by the Investor Partners is required for the Partnership to enter into a merger transaction
whether or not the Partnership shall be the surviving entity.”
IN WITNESS WHEREOF, the Managing General Partner has caused this Amendment to be duly executed
by an authorized officer as of the date first written above.
PETROLEUM DEVELOPMENT CORPORATION, Managing General Partner |
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By: | /s/ Xxxxxx X. Xxxxxx | |||
Name: | Xxxxxx X. Xxxxxx | |||
Title: | General Counsel and Secretary | |||