Magnum Hunter Resources, Inc. 600 East Las Colinas Blvd., Suite 1200 Irving, Texas 75039 February 20, 1998 Oklahoma Oil Company Mr. Chip Langston 300 Crescent Court, Suite 1170 Dallas, Texas 75201 Gentlemen: Reference is made to the letter agreement...Compensation Arrangement • February 23rd, 1998 • Magnum Hunter Resources Inc • Crude petroleum & natural gas
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.
