Document:

<PAGE>

                                                                     Exhibit 4.1

                              Sixth Amendment to
                              Second Amended and
                           Restated Credit Agreement
                           -------------------------

                                 July 31, 2001

Inland Production Company
410  17th Street, Suite 700
Denver, Colorado  80202

Gentlemen:

     This Sixth Amendment to the Second Amended and Restated Credit Agreement
(the "Amendment") will serve to set forth the amended terms of the financing
      ---------
transaction by and between INLAND PRODUCTION COMPANY, a Texas corporation
("Borrower"), FORTIS CAPITAL CORP., a Connecticut corporation as Agent ("Agent")
----------                                                               -----
and as a Lender, and the other Lenders.

     WHEREAS, Borrower and ING (U.S.) Capital LLC, as Agent, entered into the
Second Amended and Restated Credit Agreement, dated as of September 15, 1999, as
amended, (the "Credit Agreement"); and
               ----------------

     WHEREAS, ING (U.S.) Capital LLC has assigned its position as Agent and
Lender under the Credit Agreement to Fortis Capital Corp.,

     WHEREAS, the Borrower has requested that the Lenders make certain
amendments to the Credit Agreement, and the Lenders are willing to do so subject
to the terms and conditions set forth herein;

     NOW, THEREFORE, in consideration of the premises herein contained and other
good and valuable consideration, the sufficiency of which is hereby
acknowledged, the parties hereto, intending to be legally bound, agree as
follows:

     1.  Defined Terms.  All capitalized terms used but not otherwise defined in
         -------------
this Amendment shall have the meaning ascribed to them in the Credit Agreement.
Unless otherwise specified, all section references herein refer to sections of
the Credit Agreement.
<PAGE>

     2.  Amendments to Credit Agreement.  The Credit Agreement is hereby amended
         ------------------------------
as follows:

          2.1  Section 1.1. Definitions.
               -------------------------

               (a)  The term "Change of Control" is amended to read as follows:
                              -----------------

               "`Change of Control' means the occurrence of either of the
                 -----------------
          following events:  (a) any Person or two or more Persons acting as a
          group other than a Smith Party or TCW Party shall acquire beneficial
          ownership (within the meaning of Rule 13d-3 of the Securities and
          Exchange Commission under the Securities Act of 1934, as amended, and
          including holding proxies to vote for the election of directors other
          than proxies held by Parent's management or their designees to be
          voted in favor of Persons nominated by Parent's Board of Directors) of
          35% or more of the outstanding voting securities of Parent, measured
          by voting power (including both common stock and any  preferred stock
          or other equity securities entitling the holders thereof to vote with
          the holders of common stock in elections for directors of Parent) or
          (b) one-half or more of the directors of Parent shall consist of
          Persons not nominated by Parent's Board of Directors (including as
          Board nominees any directors which the Board is obligated to nominate
          pursuant to shareholders agreements, voting trust arrangements or
          similar arrangements which are in place as of the date hereof, but not
          those which arise after the date hereof unless they deal with the same
          parties or their Affiliates and no one else) or a Smith Party or TCW
          Party."

               (b)  The term "Consolidated Tangible Net Worth" is amended to
                              -------------------------------
read as follows:

               "Consolidated Tangible Net Worth" means the remainder of all
                -------------------------------
          Consolidated assets of Parent, other than intangible assets (including
          as intangible assets such assets as patents, copyrights, licenses,
          franchises, goodwill, trade names, trade secrets and leases other than
          oil, gas or mineral leases or leases

                                       2
<PAGE>

          required to be capitalized under GAAP), minus Parent's Consolidated
          liabilities, provided that for purposes of this definition
          Subordinated Debt and accrued unpaid interest thereon shall not be
          included as liabilities in the calculation of Parent's Consolidated
          liabilities.

               (c) The definition of "Eurodollar Margin" is amended to read as
                                      -----------------
follows:

               "Eurodollar Margin" means the following rate per annum as
                -----------------
          applicable based on the Senior Debt to EBITDA Ratio in effect from
          time to time:

               Senior Debt to
               EBITDA Ratio                       Eurodollar Margin
               ------------                       -----------------

               Greater than 4.00
               to 1.00                            3.25%

               Less than or equal to 4.00 to
               1.00 but greater than
               or equal to 3.00 to 1.00           2.75%

               Less than 3.00 to
               1.00                               2.25%

          with each change in the Eurodollar Margin resulting from a change in
          the Senior Debt to EBITDA Ratio taking effect at the time of such
          change.

               (d) For purposes of the Credit Agreement, the term "Maturity
                                                                   --------
Date" shall be deleted and shall be replaced by the term "Revolving Termination
----                                                      ---------------------
Date" which shall have the same meaning as Maturity Date except that the
----
Revolving Termination Date shall be June 30, 2004.

               (e) The definition of "TCW Party" is amended to read as follows:
                                      ---------

                                       3
<PAGE>

               "TCW Party" means any of Trust Company of the West, TCW Asset
                ---------
          Management Company, or any of their Affiliates (including but not
          limited to Inland Holdings, LLC, a California limited liability
          company) or any member, fund participant, holder of a beneficial
          interest or successor in or to any of the foregoing, or party to an
          investment management or similar agreement with any of the foregoing.

               (f)  The following Defined Terms shall be added to the Credit
Agreement:

               "Senior Debt" means, at any time of determination, the Parent's
                -----------
          Consolidated Debt minus the aggregate principal amount of Subordinated
          Debt.

               "Smith Party" means (a) Hampton Investments LLC, SOLVation Inc.,
                -----------
          any of their Affiliates, or any member, fund participant, holder of a
          beneficial interest, as or the date hereof, in any of the foregoing,
          or party to an investment management or similar agreement with any of
          the foregoing, as of the date hereof, (b) any immediate family member
          of any Person falling within (a) above, (c) any direct lineal
          descendant of any Person falling within (a) or (b) above, (d) any
          trust established for the benefit of any Person falling within (a) to
          (c) above and (e) any Person controlling, controlled by or under
          common control with any Person falling within  (a) to (d) above.

               "Subordinated Debt" means the indebtedness of the Parent under
                -----------------
          the Subordinated Debt Documents.

               "Subordinated Debt Documents" means, collectively, the following:
                ---------------------------

                    (i) the Junior Subordinated Notes due March 31, 2010 in the
          original aggregate principal amount of $5,000,000, issued pursuant to
          the Junior Subordinated Note Purchase Agreement, dated as of August 2,
          2001 by and among Parent, as issuer, Borrower, as guarantor, and
          SOLVation Inc., as note purchaser, together with all interest accrued
          pursuant thereto; and

                                       4
<PAGE>

                    (ii) the Senior Subordinated Notes due July 1, 2007, in the
          original aggregate principal amount of $5,000,000, issued pursuant to
          the Senior Subordinated Note Purchase Agreement, dated as of August 2,
          2001, by and among Parent, as issuer, Borrower, as guarantor, and
          SOLVation Inc., as note purchaser, together with all interest accrued
          pursuant thereto; and

                    (iii) the unsecured subordinated notes due September 30,
          2009, in the original aggregate principal amount of $98,968,964.00,
          issued pursuant to the Exchange and Note Issuance Agreement, dated as
          of August 2, 2001, by and among Parent, as issuer, Borrower, as
          guarantor, and Inland Holdings, LLC, as note purchaser, together with
          all interest accrued pursuant thereto; and

                    (iv) Option Agreement, dated as of the date hereof, by and
          between Inland Holdings, LLC and SOLVation Inc.; and

                    (v) TCW Subordination Agreement dated as of the date hereof
               by and among, Inland Resources, Inc., Inland Production Company,
               SOLVation Inc. and Inland Holdings, LLC; and

                    (vi) Junior Sub Note Subordination Agreement dated as of the
               date hereof by and among, Inland Resources, Inc., Inland
               Production Company, SOLVation Inc. and Inland Holdings, LLC.

          2.2  Section 2.16 is added to the Credit Agreement as follows:
               ------------

               Section 2.16. Term Loan. On the Revolving Termination Date, the
               ------------------------
               Borrower's right to request Loans hereunder shall terminate and
               the outstanding principal of each of the Loans on such Revolving
               Termination Date shall automatically be converted into a single
               term loan payable in twelve (12) equal quarterly installments,
               each such installment payable, together with accrued interest, on
               the last Business Day of each such quarterly period

                                       5
<PAGE>

               beginning on September 30, 2004, provided however, that the
                                                -------- -------
               aggregate unpaid principal balance of the term loan shall mature
               and be due and payable on June 30, 2007.

          2.3. Borrowing Base. The Borrowing Base on the date hereof is
               --------------
               $83,500,000. Notwithstanding anything to the contrary in Section
               2.9 of the Credit Agreement, the next scheduled determination of
               the Borrowing Base shall be made prior to March 31, 2002, which
               next determination of the Borrowing Base shall be based on an
               Engineering Report dated as of January 1, 2002 and such other
               information, reports and data as the Agent and the Lenders deem
               relevant.  Thereafter, scheduled determinations of the Borrowing
               Base shall be made at the times set forth in Section 2.9, with
               the first such subsequent scheduled determination to be made
               based on an Engineering Report, information, reports and data
               submitted to the Agent by October 1, 2002.

          2.4  Section 7.10.  Working Capital.  Section 7.10 of the Credit
               ------------------------------
               Agreement in its present form is deleted and new Section 7.10 is
               added to the Credit Agreement as follows:

               "Section 7.10.  Current Ratio.  The ratio of Parent's
               ----------------------------
               Consolidated Current Assets to Parent's Consolidated Current
               Liabilities will never be less than 1.0 to 1.0.  For purposes of
               this Section 7.10, Consolidated Current Assets and Consolidated
               Current Liabilities shall be determined in accordance with GAAP,
               except that (a) Consolidated Current Assets and Consolidated
               Current Liabilities will be calculated without including any
               amounts resulting from the application of FASB Statement 133, (b)
               Consolidated Current Liabilities will be calculated without
               including any amounts relating to the Subordinated Debt, and (c)
               the unused portion of the commitment under the Credit Agreement
               shall be treated as a Consolidated Current Asset."

                                       6
<PAGE>

     3.   Waivers and Consents.  The Lenders hereby agree, approve and consent
          --------------------
               as follows:

          3.1  Warrants.  The Warrants to Purchase Common Stock of Inland
               --------
               Resources Inc., dated as of March 5, 1999 (the "Warrants") issued
               to each of the Lenders are hereby cancelled and such Lenders
               shall have no further rights thereunder; it being represented and
               warranted to Borrower and Guarantor by Lender that Lender has all
               right, title and interest in and to its Warrants and has not
               assigned, conveyed or otherwise transferred its Warrants (or any
               part thereof) to any Person any time prior to the cancellation
               referenced in this Section 3.1.

          3.2  Inland Working Capital Company.  The Lenders consent to the
               ------------------------------
               dissolution and liquidation of Inland Working Capital Company and
               the transfer of its assets and liabilities to Parent.

          3.3  Redemption of Preferred Stock.
               -----------------------------

               Parent may redeem all of its Series D Preferred Stock and Series
          E Preferred Stock in exchange for (i) unsecured subordinated notes due
          September 30, 2009, to be issued to Inland Holdings, LLC , pursuant to
          the Exchange and Note Issuance Agreement dated as of August 2, 2001
          and (ii) $2,000,000 in cash.

          3.4  Change of Control.  The acquisition by Hampton Investments LLC
               -----------------
               of the Common Stock of Parent from the Smith Party and TCW Party
               concurrently with the effectiveness of this Amendment, and the
               nomination by Hampton Investments LLC of one-half or more of the
               members of Parent's Board of Directors will not be considered a
               change of control within the meaning of the Credit Agreement.

          3.5  Subordinated Debt Documents.  The incurrence of the indebtedness
               ---------------------------
               under the Subordinated Debt Documents.

          3.6  Chairman Payments.  Payment to Arthur J. Pasmas of a fee of
               -----------------
               $200,000 annually (payable in equal monthly

                                       7
<PAGE>

               installments) so long
               as he is and remains Chairman of the Board of Directors of
               Borrower and/or Guarantor.

          3.7  Working Capital.  Compliance with Section 7.10 of the Credit
               ---------------
               Agreement for the period April 1, 2001 through the effectiveness
               of this Amendment is hereby waived.

     4.   Effectiveness of Amendment.  This Amendment shall be effective upon
          --------------------------
receipt by Agent of:

          (a) Execution and receipt of the documentation relating to the
issuance by the Parent of the Subordinated Debt on terms and conditions
satisfactory to the Agent;

          (b) The receipt by the Parent of proceeds from the issuance of the
Subordinated Debt issued under the Subordinated Debt Documents described in
clauses (i) and (ii) of the definition thereof;

          (c) Execution of a Subordination Agreement by the holders of the
Subordinated Debt, the Parent, the Borrower and the Agent on terms and
conditions satisfactory to the Agent;

          (d) Delivery by the Borrower to the Agent of replacement Promissory
Notes reflecting the terms of this Amendment;

          (e) Receipt by the Agent of a Budget and Development Plan for Parent
and Borrower taking into account the effect of the issuance of the Subordinated
Debt;

          (f) Receipt by the Agent, on behalf of the Lenders, of an amendment
fee equal to 0.375% of the Borrowing Base;

          (g) A Consent and Agreement executed by Inland Resources Inc. as
guarantor, and

          (h) A Compliance Certificate executed by Borrower.

     5.   Ratifications, Representations and Warranties.
          ---------------------------------------------

                                       8
<PAGE>

          (a)  The terms and provisions set forth in this Amendment shall modify
and supersede all inconsistent terms and provisions set forth in the Credit
Agreement and, except as expressly modified and superseded by this Amendment,
the terms and provisions of the Credit Agreement are ratified and confirmed and
shall continue in full force and effect. The Borrower and Lenders agree that the
Credit Agreement and the Loan Documents, as amended hereby, shall continue to be
legal, valid, binding and enforceable in accordance with their respective terms.

          (b)  In order to induce Lenders to enter into this Amendment, each of
Borrower and Parent represents and warrants to Lenders that:

               (i)  The representations and warranties contained in Article V of
          the Credit Agreement are true and correct at and as of the time of the
          effectiveness hereof.

               (ii) Each Restricted Person is duly authorized to execute and
          deliver each Loan Document to the extent a party thereto and Borrower
          is and will continue to be duly authorized to borrow and to perform
          its obligations under the Credit Agreement as amended hereby.  Each
          Restricted Person has duly taken all action necessary to authorize the
          execution and delivery of each Loan Document to which it is a party
          and to authorize the performance of the obligations of each Restricted
          Person thereunder.

     6.   Benefits.  This Amendment shall be binding upon and inure to the
          --------
benefit of the Lenders and Borrower, and their respective successors and
assigns; provided, however, that Borrower may not, without the prior written
consent of the Lenders, assign any rights, powers, duties or obligations under
this Amendment, the Credit Agreement or any of the other Loan Documents.

     7.   Construction.  This Amendment shall be governed by and construed in
          ------------
accordance with the laws of the State of New York.

     8.   Invalid Provisions.  If any provision of this Amendment is held to be
          ------------------
illegal, invalid or unenforceable under present or future laws, such provision
shall be fully severable and the remaining provisions of this Amendment shall
remain in full force and effect and shall not be affected by the illegal,
invalid or unenforceable provision or by its severance.

                                       9
<PAGE>

     9.   Entire Agreement.  The Credit Agreement, as amended by this Amendment,
          ----------------
contains the entire agreement among the parties regarding the subject matter
hereof and supersedes all prior written and oral agreements and understandings
among the parties hereto regarding same.

     10.  Reference to Credit Agreement.  The Credit Agreement and any and all
          -----------------------------
other agreements, documents or instruments now or hereafter executed and
delivered pursuant to the terms hereof or pursuant to the terms of the Credit
Agreement, as amended hereby, are hereby amended so that any reference in the
Credit Agreement to the Credit Agreement shall mean a reference to the Credit
Agreement as amended hereby.

     11.  Counterparts.  This Amendment may be separately executed in any number
          ------------
of counterparts, each of which shall be an original, but all of which, taken
together, shall be deemed to constitute one and the same agreement.

                                       10
<PAGE>

     If the foregoing correctly sets forth our mutual agreement, please so
acknowledge by signing and returning  this Amendment to the undersigned.

                    Very truly yours,

                    FORTIS CAPITAL CORP., as Agent and Lender

                    By:    /s/ Darrell H. Holley
                        ---------------------------------
                    Name:  Darrell H. Holley
                    Title: Managing Director

                    By:    /s/ Deirdre Sanborn
                        ---------------------------------
                    Name:  Deirdre Sanborn
                         --------------------------------
                    Title: Vice President
                          -------------------------------

                    U. S. BANK NATIONAL ASSOCIATION, as LC Issuer and a Lender

                    By:    /s/ Kathryn A. Gaiter
                        ---------------------------------
                    Name:  Kathryn A. Gaiter
                         --------------------------------
                    Title: Vice President
                          -------------------------------

ACCEPTED as of the date
first written above.

BORROWER:

INLAND PRODUCTION COMPANY

By:    /s/ Bill I. Pennington
    --------------------------
Name:  Bill I. Pennington
Title: President
<PAGE>

                             CONSENT AND AGREEMENT
                             ---------------------

     Inland Resources Inc. hereby consents to the provisions of this Sixth
Amendment to Second Amended and Restated Credit Agreement and the transactions
contemplated herein, and hereby ratifies and confirms its Guaranty dated as of
September 15, 1999, as amended, supplemented, or restated to the date hereof,
made by it for the benefit of Agent and Lenders, and agrees that its obligations
and covenants thereunder are unimpaired hereby and shall remain in full force
and effect.

                                        INLAND RESOURCES INC.

                                        By:    /s/ Bill I. Pennington
                                            ---------------------------
                                        Name:  Bill I. Pennington
                                        Title: Chief Financial Officer
                                        Dated: July 31, 2001
                                              -------------------------
<PAGE>

                            COMPLIANCE CERTIFICATE
                            ----------------------

                                 July 31, 2001

     Reference is made to (i) that certain Second Amended and Restated Credit
Agreement dated as of September 15, 1999 (as amended, supplemented, or restated
to the date hereof, the "Original Agreement"), between Inland Production
Company, a Texas corporation ("Borrower"), Inland Resources Inc., a Washington
corporation ("Parent"), and ING (U.S.) Capital LLC, as Agent, and certain other
financial institutions, as Lenders and (ii) that certain Sixth Amendment to
Second Amended and Restated Credit Agreement dated as of July 31, 2001 between
Borrower, Fortis Capital Corp. and Lenders (the "Amendment"; the Original
Agreement as amended by the Amendment is herein referred to as the "Credit
Agreement"). Terms which are defined in the Credit Agreement and which are used
but not defined herein shall have the meanings given them in the Credit
Agreement. The undersigned, Marc MacAluso and Bill Pennington, do hereby certify
in the name, and on behalf, of Borrower that Borrower has made a thorough
inquiry into all matters certified herein and based upon such inquiry,
experience, and the advice of counsel, do hereby further certify that:

     1.   Marc MacAluso and Bill Pennington are the duly elected, qualified, and
acting Chief Executive Officer and Chief Financial Officer, respectively of
Borrower.

     2.   All representations and warranties made by any Restricted Person in
any Loan document delivered on or before the date hereof (including, without
limitation, the representations and warranties contained in Section 4 of the
Amendment) are true in all material respects on and as of the date hereof
(except to the extent that the facts upon which such representations are based
have been changed by the transactions contemplated in the Credit Agreement) as
if such representations and warranties had been made as of the date hereof.

     3.   No Default exists on the date hereof.

     4.   Each Restricted Person has performed and complied with all agreements
and conditions required in the Loan Document to be performed or complied with by
it on or prior to the date hereof.

                                       1
<PAGE>

     IN WITNESS WHEREOF, this instrument is executed by the undersigned as of
the date first above written.

                                        INLAND PRODUCTION COMPANY

                                        By:  /s/ Marc MacAluso
                                            ------------------------
                                             Marc MacAluso
                                             Chief Executive Officer

                                        By:  /s/ Bill I. Pennington
                                            ------------------------
                                             Bill I. Pennington
                                             Chief Financial Officer<PAGE>

                                                                    EXHIBIT 10.1

                         COMMON STOCK PURCHASE AGREEMENT

                  This COMMON STOCK PURCHASE AGREEMENT (this "Agreement") is
dated as of August 2, 2001, by and between Inland Holdings, LLC (the "Seller")
and Hampton Investments LLC (the "Buyer").

                  Subject to the terms and conditions hereof, the Seller wishes
to sell to the Buyer, and the Buyer wishes to purchase from the Seller,
1,455,390 shares of the common stock, $.001 par value per share, of Inland
Resources, Inc. (the "Company") (collectively, the "Shares") for an aggregate
purchase price of One Thousand dollars ($1,000.00) (the "Purchase Price").

                  NOW, THEREFORE, in consideration of the promises contained
herein and other good and valuable consideration, the sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

                  SECTION 1.        SALE AND PURCHASE.

                  A.       As of the date hereof (the "Closing Date"), the
Seller hereby sells, assigns, transfers and conveys to the Buyer all of the
Seller's right, title and interest in and to the Shares. On the Closing Date,
the Seller shall deliver to the Company's transfer agent (i) the certificate(s)
evidencing the Seller's shares in the common stock of the Company, (ii) stock
powers duly executed by the Seller transferring the Shares to the Buyer and
(iii) instructions to issue a new stock certificate to the Buyer evidencing the
Shares and instructions to issue a new stock certificate to the Seller
evidencing its remaining shares in the Company, other than the Shares.

                  B.       On the Closing Date, Buyer shall pay the Seller the
Purchase Price by wire transfer of immediately available funds in accordance
with the wire instructions set forth on Schedule 1 hereto.

                  SECTION 2.        REPRESENTATIONS AND WARRANTIES OF SELLER.
The Seller hereby represents and warrants to the Buyer, as of the date hereof
and as of the Closing Date:

                  A.       The Seller has been duly formed, is validly existing
and in good standing under the laws of the state of California and has all
requisite power and authority to execute and deliver, and to perform all of its
obligations under, this Agreement.

                  B.       The Seller is the legal and the beneficial owner of
the Shares to be sold by the Seller hereunder and is conveying to the Buyer such
Shares, free and clear of any liens, claims, interests, charges and
encumbrances.

                  C.       The execution, delivery and performance of this
Agreement and any other instruments and documents executed and delivered by the
Seller in connection herewith have been duly authorized by all necessary action
and do not and will not (i) require any consent or approval of Seller's
shareholders, if applicable, or any other person, firm, entity, court or
governmental authority or agency other than any consent or approval that has
already been obtained or (ii) violate any law, rule, regulation, order, writ or
judgment presently in effect applicable to the Seller or any provision of the
charter documents or by-laws.
<PAGE>

                  D.       Except for filings related to ownership of securities
required by the Securities Exchange Act of 1934, as amended, no consent,
approval, authorization of, action by, notice to, or filing with any
governmental or regulatory authority ("Governmental Body") or any other person,
and no lapse of a waiting period, is necessary or required in connection with
the execution, delivery or performance by the Seller of this Agreement or the
transactions contemplated hereby.

                  E.       This Agreement has been duly executed and delivered
by Seller and constitutes a legal, valid and binding obligation of the Seller,
enforceable against it in accordance with its terms, except as may be limited by
bankruptcy, insolvency, reorganization, moratorium or other similar laws
relating to or affecting the rights of creditors generally or by general
principles of equity relating to enforceability (regardless of whether
considered in a proceeding at law or in equity).

                  F.       There are no brokerage commissions, finder's fees or
similar fees or commissions payable by Seller in connection with the
transactions contemplated hereby based on any agreement, arrangement or
understanding with, or action taken by, Seller.

                  G.       Seller acknowledges that Buyer will be relying upon
the representations and warranties set forth in this Section 2 in purchasing the
Shares from Seller.

                  SECTION 3.        REPRESENTATIONS AND WARRANTIES OF THE BUYER.
The Buyer hereby represents and warrants to the Seller, as of the date hereof,
and as of the Closing Date:

                  A.       The Buyer has been duly formed, is validly existing
and in good standing under the laws of the state of Delaware and has all
requisite power and authority to execute and deliver, and to perform all of its
obligations under, this Agreement.

                  B.       The execution, delivery and performance of this
Agreement and any other instruments and documents executed and delivered by the
Buyer in connection herewith have been duly authorized by all necessary action
and do not and will not (i) require any consent or approval of Buyer's
shareholders, if applicable, or any other person, firm, entity, court or
governmental authority or agency other than any consent or approval that has
already been obtained or (ii) violate any law, rule, regulation, order, writ or
judgment presently in effect applicable to the Buyer or any provision of the
charter documents or by-laws.

                  C.       Except for filings related to ownership of securities
required by the Securities Exchange Act of 1934, as amended, no consent,
approval, authorization of, action by, notice to, or filing with any
Governmental Body or any other person, and no lapse of a waiting period, is
necessary or required in connection with the execution, delivery or performance
by the Buyer of this Agreement or the transactions contemplated hereby

                  D.       This Agreement has been duly executed and delivered
by Buyer and constitutes a legal, valid and binding obligation of Buyer,
enforceable against it in accordance with its terms, except as may be limited by
bankruptcy, insolvency, reorganization, moratorium or other similar laws
relating to or affecting the rights of creditors generally or by general
principles of equity relating to enforceability (regardless of whether
considered in a proceeding at law or in equity).

                  E.       There are no brokerage commissions, finder's fees or
similar fees or commissions payable by Buyer in connection with the transactions
contemplated hereby based on any agreement, arrangement or understanding with,
or action taken by, Buyer.

                                       2
<PAGE>

                  F.       Buyer is acquiring the Shares for investment for its
own account and not with a view to, or for resale in connection with, any
distribution thereof in violation of the Securities Act of 1933, as amended.

                  G.       Buyer is an "accredited investor" within the meaning
of Rule 501 of Regulation D promulgated under the Securities Act of 1933, as
presently in effect.

                  H.       Buyer has such knowledge and experience in financial
and business matters, including investing in securities of new and speculative
companies, as to be able to evaluate the merits and risks of acquiring the
Shares.

                  I.       Buyer acknowledges that the acquisition of the Shares
involves a high degree of risk and represents that it understands the economic
risks of such an investment. Buyer is prepared to bear the economic risk of
retaining the Shares for an indefinite period, all without prejudice, however,
to the rights of Buyer lawfully to sell or otherwise dispose of all or any part
of the Shares held by it.

                  J.       Buyer has performed its own independent investigation
and evaluation of the Company and the transactions contemplated hereby and has
not, in connection with the transactions contemplated hereby, relied upon any
representations or warranties of any kind whatsoever, whether express or implied
by Seller, any of its affiliates or any of their respective officers, employees,
representatives or agents except for such representations and warranties
expressly set forth herein.

                  K.       Buyer acknowledges that Seller will be relying upon
the representations and warranties set forth in this Section 3 in selling the
Shares to Buyer.

                  SECTION 4.        SURVIVAL OF REPRESENTATIONS AND WARRANTIES.
The representations, warranties, covenants and agreements of the parties
contained herein shall survive the consummation of the purchase and sale of the
Shares contemplated in this Agreement, and each party recognizes that the other
is relying on such other party's representations, warranties, covenants and
agreements.

                  SECTION 5.        FURTHER ASSURANCES. Each party shall execute
and deliver all further documents or instruments, and take all such further
actions, reasonably requested by the other party in order to effectuate the
intent and purposes of, and carry out terms of, this Agreement and to obtain the
full benefit of this Agreement.

                  SECTION 6.        GOVERNING LAW. This Agreement shall be
governed by and interpreted in accordance with the internal laws of the State of
Washington without reference to the conflicts of the law provisions thereof.

                  SECTION 7.        ENTIRE AGREEMENT. This Agreement sets forth
the entire agreement and understanding of the parties hereto, and supersedes all
prior agreements and understandings between the parties hereto with respect to
the purchase and sale of the Shares contemplated hereby. Except as expressly
provided herein, there are no restrictions, promises, representations,
warranties, covenants or undertakings of either party hereto. This Agreement
shall be binding on, and inure to the benefit of, the parties hereto and their
successors and assigns.

                  SECTION 8.        COUNTERPARTS. This Agreement may be executed
in counterparts each of which when so executed shall be an original, but all
such counterparts shall together constitute but one and the same instrument.
Transmission by telecopier of an executed counterpart of this Agreement shall be
deemed to constitute due and sufficient delivery of such counterpart, PROVIDED
that any party that

                                       3
<PAGE>

delivers a counterpart by telecopier shall, promptly after such delivery,
deliver the original of such counterpart of this Agreement to the other party
hereto.

                  SECTION 9.        CONFIDENTIALITY. Except to the extent
required by law, the parties acknowledge that the terms and conditions of this
Agreement are confidential and neither party shall (and each party shall cause
its employees, affiliates and representatives not to) disclose to any person or
entity the terms and conditions of this Agreement including without limitation,
the Purchase Price; PROVIDED, that nothing herein shall prevent the disclosure
of any such information (i) to the parties' respective employees, directors,
agents, fund participants, attorneys, accountants and other professional
advisors, (ii) upon the request or demand of any examiner or other Governmental
Body having jurisdiction over such party; or (iii) in connection with the
exercise of any remedy hereunder.

                                       4
<PAGE>

                  IN WITNESS WHEREOF, the undersigned have duly executed this
Agreement as of the date first above written.

SELLER:                       INLAND HOLDINGS LLC, a California limited
                              liability company,

                              By:  TRUST COMPANY OF THE WEST, a
                                   California trust company, as Sub-Custodian
                                   for Mellon Bank for the benefit of
                                   Account No. CPFF 873-3032, Member

                              By:       /s/ Arthur R. Carlson
                                        ---------------------------------------
                                        Arthur R. Carlson
                                        Managing Director

                              By:       /s/ Thomas F. Mehlberg
                                        ---------------------------------------
                                        Thomas F. Mehlberg
                                        Managing Director

                              By:  TCW PORTFOLIO NO. 1555 DR V SUB-CUSTODY
                                   PARTNERSHIP, L.P., a California limited
                                   partnership, Member

                              By:       TCW ROYALTY COMPANY, a California
                                        corporation, Managing General Partner

                                   By:  /s/ Thomas F. Mehlberg
                                        ---------------------------------------
                                        Thomas F. Mehlberg
                                        Vice President

                              Address for Notices:

                              Trust Company of the West
                              865 South Figueroa Street
                              Los Angeles, California 90017
                              Attention:  Arthur R. Carlson
                              Telephone:  (213) 244-0000
                              Facsimile:  (213) 244-0604

                              With a Copy To:

                              Milbank, Tweed, Hadley & McCloy LLP
                              601 South Figueroa Street, 30th Floor
                              Los Angeles, CA  90017
                              Attention:  David A. Lamb, Esq.
                              Telephone:  (213) 892-4000
                              Facsimile:  (213) 629-5063
<PAGE>

BUYER:                        HAMPTON INVESTMENTS LLC,
                              a Delaware limited liability company

                              By:       /s/     Steven R. Kamen
                                        ---------------------------------------
                                        Name:   Steven R. Kamen
                                        Title:  Senior Vice President

                              Address for Notices:

                              Hampton Investments LLC
                              c/o Smith Management LLC
                              885 3rd Avenue, 34th Floor
                              New York, New York  10022
                              Attention:  General Counsel
                              Telephone:  (212) 888-5500
                              Facsimile:  (212) 702-0145
<PAGE>

                                                                      SCHEDULE 1
                                                                      ----------

WIRE TRANSFER INSTRUCTIONS:

Boston Safe Deposit
ABA No.:  011001234
Real Estate Wiring No.:  039624
Cost Center #3137
A/C# CPFF 873-3032
Re:  Mellon Bank/JP Morgan/Fund V/Inland

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}]]