Amendment No. 1 to Purchase and Sale Agreement between Danmark East Texas Field L.P., Danmark Operating Company LLC, Quantum Resources Management, LLC, and QRE Operating, LLC
This amendment updates a previous Purchase and Sale Agreement dated October 26, 2012, originally between Danmark East Texas Field L.P. and Danmark Operating Company LLC (the sellers) and Quantum Resources Management, LLC (the buyer). The amendment, effective November 1, 2012, replaces Quantum Resources Management, LLC with QRE Operating, LLC as the buyer in the agreement. All other terms remain unchanged. The amendment is executed by all parties and allows for signatures in counterparts and by facsimile or scan.
Exhibit 2.2
AMENDMENT NO. 1 TO THE PURCHASE AND SALE AGREEMENT
DATED OCTOBER 26, 2012
BY AND BETWEEN DANMARK EAST TEXAS FIELD L.P.
AND DANMARK OPERATING COMPANY LLC
AND
QUANTUM RESOURCES MANAGEMENT, LLC
This Amendment No. 1 (the “Amendment”) dated November 1, 2012, to the Purchase and Sale Agreement (the “PSA”) dated October 26, 2012 by and between DANMARK EAST TEXAS FIELD L.P., a Texas limited partnership, and DANMARK OPERATING COMPANY LLC, a Texas limited liability company (collectively “Seller”) and QUANTUM RESOURCES MANAGEMENT, LLC, a Delaware limited liability company “Buyer”) is made by and among Seller, Buyer and QRE OPERATING, LLC, (“QRE Operating”), a Delaware limited liability company. Buyer, Seller and QRE Operating are sometimes herein individually referred to as a “Party” and collectively as the “Parties.”
WHEREAS, pursuant to recent discussions among the Parties, the Parties have agreed to amend the Agreement to replace Quantum Resources Management, LLC with QRE Operating as the Buyer under the PSA.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree to and hereby amend the PSA as follows:
| 1. | Beginning on Line five of the first paragraph of page one, deleting “QUANTUM RESOURCES MANAGEMENT, L.L.C.” and substituting it its place, “QRE OPERATING, LLC.” |
| 2. | In Section 12.03, in the second indented section, deleting “Quantum Resources Management, LLC” and substituting in its place, “QRE Operating, LLC.” |
| 3. | On page 36, in the signature block for Buyer, deleting “QUANTUM RESOURCES MANAGEMENT, L.L.C.” and substituting in its place “QRE OPERATING, LLC.” |
| 4. | This Amendment may be executed in multiple counterparts, all of which taken together shall constitute a single agreement. A facsimile or scanned signature on a counterpart to this Amendment shall be treated as an original signature for all purposes. |
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.
| QUANTUM RESOURCES MANAGEMENT, L.L.C. | ||
| By | /s/ Mark Castiglione | |
| Name: | Mark Castiglione | |
| Title: | Vice President, Business Development | |
| QRE OPERATING, LLC | ||
| By | /s/ Mark Castiglione | |
| Name: | Mark Castiglione | |
| Title: | Vice President, Business Development | |
| DANMARK EAST TEXAS FIELD L.P. | ||
| By: | Danmark Management LP, | |
| its General Partner | ||
| By: | Danmark Energy Services, Inc., | |
| its General Partner |
| By | /s/ Daniel M. Mitchell | |
| Daniel M. Mitchell, President |
| DANMARK OPERATING COMPANY LLC | ||
| By | /s/ Daniel M. Mitchell | |
| Daniel M. Mitchell, President | ||
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