EXTENSION AGREEMENT
Exhibit 10.8
This Extension Agreement is executed as of December 3, 2008 by and between Quicksilver
Resources Inc. (“QRI”) and Quicksilver Gas Services LP (“KGS”). Capitalized terms not otherwise
defined herein shall have the same meaning ascribed to such term in that certain Omnibus Agreement
dated August 10, 2007 executed between KGS and QRI.
A. Pursuant to Section 2.3 of the Omnibus Agreement, QRI is required to provide KGS a notice
and offer for sale regarding its acquisition of midstream assets in the Quicksilver Counties within
120 days of the consummation of such acquisition (the “Offer”).
B. Pursuant to that certain Purchase and Sale Agreement dated July 3, 2008 and closed on
August 8, 2008, QRI acquired certain oil and gas assets in the Alliance Airport area of Tarrant and
Xxxxxx Counties, Texas which includes midstream assets (the “Alliance Midstream Assets”).
C. QRI and KGS desire to extent the time period and the date by which QRI must provide to KGS
the Offer regarding its acquisition of the Alliance Midstream Assets.
NOW, THEREFORE, in consideration of the mutual premises and covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree to extend the deadline by which QRI shall provide the Offer
to KGS to be no later than March 31, 2009.
EXECUTED as of the date first written above.
QUICKSILVER RESOURCES INC. |
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By: | /s/ Xxxxxx Xxxx | |||
Name: | Xxxxxx Xxxx | |||
Title: | Sr. Vice President and CFO | |||
QUICKSILVER GAS SERVICES LP |
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By: | QUICKSILVER GAS SERVICES GP LLC, its general partner |
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By: | /s/ Xxxxxx X. Xxxxxx | |||
Name: | Xxxxxx X. Xxxxxx | |||
Title: | President and CEO |