Amendment to Consulting Services Agreement between Helmerich & Payne, Inc. and Walter H. Helmerich, III
Helmerich & Payne, Inc. and Walter H. Helmerich, III have agreed to amend their existing Consulting Services Agreement. The amendment, effective January 1, 1991, changes the contract's renewal terms so that it will automatically renew each year unless either party gives thirty days' written notice to terminate. All other terms of the original agreement remain unchanged.
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Exhibit 10.2
AMENDMENT TO CONSULTING SERVICES AGREEMENT
THIS AMENDMENT TO CONSULTING SERVICES AGREEMENT ("Amendment") is made and entered into this 26th day of December, 1990, and effective as of January 1, 1991, by and between Helmerich & Payne, Inc., ("H&P") and Walter H. Helmerich, III, ("WHH").
Paragraph 3 of the Consulting Services Agreement dated December 30, 1990, is hereby deleted, with the following to be substituted therefor:
"3. This Agreement shall be effective as of January 1, 1991, and shall be automatically renewed for subsequent one-year terms unless H&P or WHH shall terminate the same upon thirty (30) days' prior written notice."
Except as amended hereby, all the terms, conditions, and provisions of the Consulting Services Agreement shall remain valid and binding.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment in duplicate on the date first written above.
"H&P" | ||||
HELMERICH & PAYNE, INC. | ||||
By: | Steven R. Mackey Vice President | |||
"WHH" | ||||
WALTER H. HELMERICH, III | ||||
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