0000898430-02-003168 Sample Contracts

AMENDMENT TO GAS SALES AGREEMENT
Gas Sales Agreement • August 14th, 2002 • Tipperary Corp • Crude petroleum & natural gas

This Amendment to Gas Sales Agreement (“Amendment”) is executed as of May 30, 2002, by Tipperary Oil & Gas (Australia) Pty Ltd (ACN 077 536 871) of GPO Box 1100, Brisbane, Queensland, Australia 4001 (“Seller”), and QUEENSLAND FERTILISER ASSETS LIMITED (ACN 011 062 294) of 76 Arthur Street, Roma, Queensland, Australia (“Buyer”).

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FIRST AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT
Credit Agreement • August 14th, 2002 • Tipperary Corp • Crude petroleum & natural gas • New York

This FIRST AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT (this “First Amendment”), dated as of July 31, 2002, is entered into by and between TIPPERARY CORPORATION, a Texas corporation (“Borrower”), TIPPERARY OIL & GAS (AUSTRALIA) PTY LTD (ACN 077 536 871), a Queensland, Australia corporation (“TOGA”), TIPPERARY OIL & GAS CORPORATION, a Texas corporation (“TOGC”), LENDERS (as defined in the Credit Agreement, as defined below), TCW ASSET MANAGEMENT COMPANY, a California corporation (“TAMCO”), as Agent (as defined in the Credit Agreement, as defined below); and TAMCO, as Collateral Agent (as defined in the Credit Agreement, as defined below).

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