Amendment No. 3 to Employment Agreement between KCS Energy, Inc. and James W. Christmas

Summary

KCS Energy, Inc. and James W. Christmas have agreed to amend Mr. Christmas's employment agreement, originally dated December 1, 2001. This amendment extends the period during which a "change in control" provision applies from August 31, 2006, to August 31, 2008. All other terms of the original agreement remain unchanged and in effect. Both parties have confirmed their acceptance of this amendment by signing the document.

EX-10.7 9 h35269exv10w7.txt AMENDMENT NO.3 TO EMPLOYMENT AGREEMENT - JAMES W. CHRISTMAS EXHIBIT 10.7 Effective Date: April 20, 2006 Mr. James Christmas Re: Amendment No. 3 to Employment Agreement Dear Mr. Christmas: When countersigned by you, this letter will serve as an amendment (referred to here as "AMENDMENT NO. 3") to your existing employment agreement with KCS Energy, Inc. (the "COMPANY") dated December 1, 2001 (the "ORIGINAL AGREEMENT"). 1. "CHANGE IN CONTROL" PROVISION. Section 11.1 of the Original Agreement is amended by deleting the words "after the date of this Agreement and on or before August 31, 2006 (but not thereafter)" and substituting therefor the words "after the date of this Agreement and on or before August 31, 2008 (but not thereafter)". 2. ORIGINAL AGREEMENT RATIFIED. In all other respects, the Original Agreement remains in effect, and is ratified by you and by the Company. * * * Please sign below and return a signed copy to the Company to confirm your agreement with this Amendment No. 3. Very truly yours, KCS ENERGY, INC. By: /s/ William N. Hahne --------------------------------- Name: William N. Hahne Title: President and Chief Operating Officer Accepted and agreed to: /s/ James W. Christmas - ------------------------------------- James W. Christmas