Amendment No. 2 to Oil and Gas Operations and Sale Agreement
Exhibit 10.1
Amendment No. 2 to Oil and Gas Operations and Sale Agreement
This Amendment No. 2 to Oil and Gas Operations and Sale Agreement (this “Second
Amendment”) is entered into as of January 12, 2009 by and between Great Plains Exploration, LLC, an
Ohio limited liability company (“Great Plains”), and Xxxx X. Oil and Gas Company, a Maryland
Corporation (the “Company”).
RECITALS
Whereas, Great Plains and the Company have previously entered into an Oil & Gas
Operations and Sale Agreement dated January 1, 2006 and Amendment No. 1 to Oil and Gas Operations
and Sale Agreement dated November 14, 2006 (collectively, the “Agreement”);
Whereas, Great Plains and the Company desire to amend the Agreement to increase the
rate charged for gathering by $0.10 per mcf.
Now, Therefore, in consideration of the foregoing premises and the respective
agreements hereinafter set forth and the mutual benefits to be derived herefrom, Great Plains and
the Company hereby agree as follows:
1. Capitalized terms not otherwise defined in this Second Amendment have the meanings assigned
to them in the Agreement.
2. All terms and conditions of the Agreement will remain in effect and binding on both
parties, except for the revisions set forth herein. This Second Amendment shall be effective
November 1, 2008.
3. Section 4(e) of the Agreement shall be amended and replaced in its entirety with the
following:
(e) $0.40 per mcf (1,000 cubic) feet for gathering.
4. To the extent the terms of this Second Amendment conflict with those of the Agreement, this
Second Amendment will control.
In Witness Whereof, Great Plains and the Company have caused this Second Amendment to
be duly executed and delivered on the date first written above.
Xxxx X. Oil and Gas Company
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Great Plains Exploration, LLC | |||
/s/ Xxxxxxx X. Xxxxxxx
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/s/ Xxxxxxx X. Xxxxxxx | |||
By Xxxxxxx X. Xxxxxxx, President
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By Xxxxxxx X. Xxxxxxx, Managing Member |
