Waiver Agreement by Quicksilver Resources Inc. Regarding Omnibus Agreement Obligations (November 19, 2009)

Summary

Quicksilver Resources Inc. has agreed to waive a specific obligation under a previous Omnibus Agreement with Quicksilver Gas Services LP and its general partner. Specifically, Quicksilver waives the requirement for the general partner to ensure that a partnership group member elects to purchase the Hill County Dry System, which was listed as a retained asset. This waiver means the general partner is no longer required to make or be considered to have made this purchase election.

EX-10.2 3 ex10_2.htm WAIVER, DATED NOVEMBER 19, 2009, BY QUICKSILVER RESOURCES INC. ex10_2.htm

Exhibit 10.2

WAIVER

November 19, 2009

Reference is hereby made to that certain Omnibus Agreement, dated as of August 10, 2007 (the “Omnibus Agreement”), by and among Quicksilver Resources Inc., a Delaware corporation (“Quicksilver”), Quicksilver Gas Services LP, a Delaware limited partnership (the “MLP”), and Quicksilver Gas Services GP LLC, a Delaware limited liability company and the general partner of the MLP (the “General Partner”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Omnibus Agreement.

Quicksilver, intending to be legally bound hereby, waives the obligation of the General Partner set forth in Section 2.3(a) of the Omnibus Agreement to cause, and notwithstanding the provisions of Section 2.3(a) of the Omnibus Agreement, the General Partner will not be deemed to have caused, a Partnership Group Member to elect to purchase the Hill County Dry System (one of the “Retained Assets” listed on Schedule A to the Omnibus Agreement).

	QUICKSILVER RESOURCES INC.

	By:	/s/ Philip Cook
	Name:	Philip Cook
	Title:	Senior Vice President – Chief Financial Officer