0001104659-05-057059 Sample Contracts

COLLATERAL AGREEMENT
Collateral Agreement • November 21st, 2005 • Clayton Williams Energy Inc /De • Crude petroleum & natural gas • Texas

For value received, and in consideration of one or more loans, letters of credit or other financial accommodations (including, without limitation, entry into derivative or foreign exchange transactions) extended by JPMORGAN CHASE BANK, N.A. or any of its subsidiaries or affiliates (the “Bank”), to CLAYTON WILLIAMS PARTNERSHIP, LTD. (the “Obligor”, and, if more than one, collectively, the “Obligor”), the undersigned and the Bank agree as follows:

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