Amendment to Letter of Intent between Chesapeake Energy Corporation and Gothic Energy Corporation (August 14, 2000)

Summary

Chesapeake Energy Corporation and Gothic Energy Corporation, along with its subsidiary Gothic Production Company, have agreed to amend their original letter of intent dated June 30, 2000. This amendment extends certain deadlines in the original agreement from August 15, 2000, to August 31, 2000. All other terms of the original letter of intent remain unchanged and in effect. The amendment is effective upon signature by both parties and may be executed by fax or in counterparts.

EX-2.5.1 2 d78326aex2-5_1.txt LETTER AMENDMENT TO THE LETTER OF INTENT 1 EXHIBIT 2.5.1 August 14, 2000 VIA TELEFACSIMILE Mr. Michael K. Paulk President Gothic Energy Corporation Gothic Production Company 6120 South Yale Avenue Tulsa, Oklahoma 74136 Dear Mr. Paulk: This letter amends that certain letter of intent dated June 30, 2000 (the "Letter of Intent") among Chesapeake Energy Corporation, an Oklahoma corporation ("Chesapeake") and Gothic Energy Corporation, an Oklahoma corporation and Gothic Production Company, an Oklahoma corporation and wholly owned subsidiary of Gothic (the "Gothic Parties"). Chesapeake and the Gothic Parties hereby amend paragraph 5, paragraph 6 and paragraph 10 of the Letter of Intent deleting the date "August 15, 2000" set forth in such paragraphs and replacing such date with "August 31, 2000". Chesapeake and the Gothic Parties hereby further acknowledge and agree that except as specifically amended hereby, the Letter of Intent remains in full force and effect in all respects. Please sign and return one copy of this amendment to letter of intent to our offices no later than 5:00 p.m., August 15, 2000. Each of the parties agrees that this letter of intent may be signed in counterparts or by facsimile without affecting the validity or enforceability of this letter of intent. Best Regards, /s/ MARCUS C. ROWLAND - -------------------------- Marcus C. Rowland Chief Financial Officer 2 Mr. Michael K. Paulk August 14, 2000 Page 2 AGREED TO AND ACCEPTED this 15th day of August, 2000. GOTHIC ENERGY CORPORATION, an Oklahoma corporation By /s/ MICHAEL K. PAULK -------------------------- Michael K. Paulk, President GOTHIC PRODUCTION COMPANY, an Oklahoma corporation By /s/ MICHAEL K. PAULK -------------------------- Michael K. Paulk, President