0001010549-05-000297 Sample Contracts

RECITALS:
Waiver Agreement • May 2nd, 2005 • Blue Dolphin Energy Co • Crude petroleum & natural gas

THIS WAIVER AGREEMENT is entered into by Blue Dolphin Energy Company, a Delaware corporation (the "Company"), and ________________ (the "Investor") Certain capitalized terms not defined herein have the meanings assigned to them in the Purchase Agreement (as defined below).

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RECITALS:
Form of Note Modification Agreement • May 2nd, 2005 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas
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