EX-10 4 s11-5051_ex102.txt EXHIBIT 10.2 Exhibit 10.2 AMENDMENT TO THE OPERATING AGREEMENT OF MAVERICK BASIN EXPLORATION, LLC DATED JUNE 23, 2004 July 14, 2004 AMENDMENT TO THE OPERATING AGREEMENT OF MAVERICK BASIN EXPLORATION, LLC THIS AMENDMENT to the Operating Agreement of MAVERICK BASIN EXPLORATION, LLC, a Delaware Limited Liability Company, ("Operating Agreement") is entered into and shall be effective this 14th day of July, 2004, among Touchstone Resources USA, Inc. ("Touchstone") (the "Withdrawing Class A Member" and the "Initial Class B Member"), PHT Gas, LLC ("PHT") (the "Initial Class C Member") and South Oil, Inc. ("South Oil") (the "Additional Class A Member") (collectively the "Members"). W I T N E S S E T H: WHEREAS, Touchstone, prior to making any membership contributions to the Company, has withdrawn as a Class A Member; and WHEREAS, South Oil has agreed to become an Additional Class A Member and assume the capital contribution requirements of the Class A Member. NOW, THEREFORE, intending to be legally bound, the Members hereby approve the amendment to the Operating Agreement to admit South Oil as an Additional Class A Member. The Ownership interest of Maverick Basin Exploration LLC shall be amended to reflect those percentages listed on Exhibit A, attached. WITHDRAWING CLASS A MEMBER TOUCHSTONE RESOURCES USA, INC. By: /s/ Stephen P. Harrington ------------------------------------ Stephen P. Harrington, President ADDITIONAL CLASS A MEMBER SOUTH OIL, INC. By: /s/ Mark A. Bush ------------------------------------ Mark A. Bush, President [Signatures Continued on Following Page] CLASS B MEMBER TOUCHSTONE RESOURCES USA, INC. By: /s/ Stephen P. Harrington ------------------------------------ Stephen P. Harrington, President CLASS C MEMBER PHT GAS, LCC By: RMS ADVISORS, INC., Manager By: /s/ Howard M. Appel ------------------------------------ Howard M. Appel, President