FIRST AMENDMENT TO GOLDEN LANE PARTICIPATION AGREEMENT

EX-10.6 9 dex106.htm FIRST AMENDMENT TO GOLDEN LANE PARTICIPATION AGREEMENT First Amendment to Golden Lane Participation Agreement

Exhibit 10.6

FIRST AMENDMENT TO GOLDEN LANE PARTICIPATION AGREEMENT

This First Amendment to Golden Lane Participation Agreement (this “First Amendment”) is dated as of the     day of October, 2007 by and between New Dominion, L.L.C., an Oklahoma limited liability company (“NDL”), Scintilla, L.L.C., an Oklahoma limited liability company (“Scintilla”), North Paradigm Partners, L.P. North Paradigm Partners II, L.P., North Paradigm Partners III-A, L.P., North Paradigm Partners III-B, L.P. (all Delaware limited partnerships), and the Michael Greer and Vickie Greer Family Trust dated January 10, 2007 (collectively the “NPP Group”), and CEU Paradigm, LLC, a Delaware limited liability company (“CEU,” and, collectively with Scintilla and the NPP Group, the “Participants”).

RECITALS

A. The Participants have previously entered into that certain Golden Lane Participation Agreement dated effective January 10, 2007 (the “Participation Agreement”).

B. The Participants now desire to amend the Participation Agreement in accordance with the terms of this First Amendment in order to correct (i) the interests shown on Exhibit “A” to the Participation Agreement and (ii) certain township and range descriptions shown on Exhibit “A” to the Participation Agreement.

AGREEMENTS

NOW, THEREFORE, in consideration of the mutual covenants and conditions herein contained, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Participants agree as follows:

1. All capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Participation Agreement.

2. The Participation Agreement is amended as follows:

Exhibit “A” to the Participation Agreement is amended and restated to read as provided in Exhibit “A” attached hereto, effective as of the date of the Participation Agreement.

3. The Participants ratify the terms of the Participation Agreement, as amended by this First Amendment. All of the terms and provisions of the Participation Agreement are and shall remain in full force and effect, subject to the terms of this First Amendment.

[SIGNATURE PAGES FOLLOW]


IN WITNESS WHEREOF, the Participants have executed this First Amendment as of the date first above written.

 

NDL:   CEU Paradigm, LLC:
NEW DOMINION, L.L.C.   CEU PARADIGM, LLC
By:  

/s/ David J. Chernicky

  By:  

/s/ Stu Rubenstein

  David J. Chernicky, Manager     Stu Rubenstein, Chief Operating Officer
SCINTILLA:    
SCINTILLA, L.L.C.    
By:  

/s/ David J. Chernicky

   
  David J. Chernicky, Manager    
North Paradigm Partners, L.P.   North Paradigm Partners II, L.P.
NORTH PARADIGM PARTNERS, L.P.   NORTH PARADIGM PARTNERS II, L.P.
By:  

/s/ Michael J. Greer

  By:  

/s/ Michael J. Greer

Name:  

Michael J. Greer

  Name:  

Michael J. Greer

Title:  

CEO of Managing General Partner

  Title:  

CEO of Managing General Partner

 

Signature Page to First Amendment to Golden Lane Participation Agreement


North Paradigm Partners III-A, L.P.   North Paradigm Partners III-B, L.P.
NORTH PARADIGM PARTNERS III-A, L.P.   NORTH PARADIGM PARTNERS III-B, L.P.
By:  

/s/ Michael J. Greer

  By:  

/s/ Michael J. Greer

Name:  

Michael J. Greer

  Name:  

Michael J. Greer

Title:  

CEO of Managing General Partner

  Title:  

CEO of Managing General Partner

Waveland Drilling Partners 2006A, L.P.   Waveland Drilling Partners 2006B, L.P.
WAVELAND DRILLING PARTNERS 2006A, L.P.   WAVELAND DRILLING PARTNERS 2006B, L.P.
By:  

/s/ Michael J. Greer

  By:  

/s/ Michael J. Greer

Name:  

Michael J. Greer

  Name:  

Michael J. Greer

Title:  

CEO of Managing General Partner

  Title:  

CEO of Managing General Partner

Waveland Drilling Partners 2007A, L.P.   Michael Greer and Vickie Greer Family Trust dated January 10, 2007
WAVELAND DRILLING PARTNERS 2007A, L.P.   MICHAEL GREER AND VICKIE GREER FAMILY TRUST DATED JANUARY 10, 2007
By:  

/s/ Michael J. Greer

  By:  

/s/ Michael J. Greer

Name:  

Michael J. Greer

  Name:  

Michael J. Greer, Trustee

Title:  

CEO of Managing General Partner

   
    By:  

/s/ Vickie J. Greer

    Name:  

Vickie J. Greer, Trustee

 

Signature Page to First Amendment to Golden Lane Participation Agreement


EXHIBIT “A” to First Amendment to Golden Lane Participation Agreement

 

EXHIBIT “A”
TO THE GOLDEN LANE PARTICIPATION AGREEMENT DATED 1/10/2007
North Paradigm Area    T11N-R6E
   Pottawatomie and Seminole counties
   Oklahoma
CEU    36.0000%
Scintilla    39.0000%
NPP Group    25.0000%
Boomtown Area    T10 and 11N-R5E
   Pottawatomie and Seminole counties
   Oklahoma
CEU    39.0625%
Scintilla    60.9375%
South Paradigm    T10N-R6E
   Pottawatomie and Seminole counties
   Oklahoma
CEU    47.6875%
Scintilla    52.3215%
Wells with outside prior participation agreements in South Paradigm:
Votaw #1-18H    W/2 Sec. 18, T10N, R6E
Scintilla    52.3125%
CEU    47.6875%
Angus #1H    W/2 NE/4 Sec. 11, T10N, R6E
Scintilla    74.4625%
CEU    25.5375%
Stitt #2H    SW/4 Sec. 17, T10N, R6E
Scintilla    43.0750%
CEU    56.9250%
Sims #1H    NW/4 Sec. 11, T10N, R6E
Scintilla    98.7500%
CEU    1.2500%
Black Tiger #1-23H    SE/4 Sec. 22 and SW/4 Sec. 23, T10N, R6E
Scintilla    46.5625%
CEU    53.4375%

 

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Koron #1-18H    E/2 Sec. 18, T10N, R6E
Scintilla    52.3125%
CEU    47.6875%
Speer #1-20H    W/2 Sec. 20, T10N, R6E
Scintilla    52.3125%
CEU    47.6875%
Mona #2H    N/2 Sec. 19, T10N, R6E
Scintilla    61.8196%
CEU    38.1804%
Robyn #3H    SW/4 Sec. 11, T10N, R6E
Scintilla    55.2125%
CEU    44.7875%
Gleichman #1H    S/2 Sec. 4, T10N, R6E
Scintilla    52.3125%
CEU    47.6875%
Tull #1-4H    N/2 Sec. 4, T10N, R6E
Scintilla    52.3125%
CEU    47.6875%
Paradox    T10 and 11N, R7E
   Seminole and Okfuskee counties
   Oklahoma
CEU    37.5000%
Scintilla    37.5000%
NPP Group    25.0000%

 

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