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                                                                     EXHIBIT 4.3

                              AMENDED AND RESTATED

                          REGISTRATION RIGHTS AGREEMENT

                           DATED AS OF AUGUST 2, 2001

                                  BY AND AMONG

                              INLAND HOLDINGS LLC,

                             INLAND RESOURCES INC.,

                                       AND

                             HAMPTON INVESTMENTS LLC

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                                TABLE OF CONTENTS
                                                                            Page

SECTION 1.        DEFINITIONS..................................................1

SECTION 2.        DEMAND REGISTRATION RIGHTS...................................2

SECTION 3.        SHELF REGISTRATION...........................................4

SECTION 4.        PIGGY-BACK REGISTRATION......................................4

SECTION 5.        RESTRICTIONS ON DISPOSITIONS AND DEMAND REGISTRATIONS........5

SECTION 6.        REGISTRATION PROCEDURES......................................6

SECTION 7.        REGISTRATION EXPENSES.......................................10

SECTION 8.        INDEMNIFICATION; CONTRIBUTION...............................10

SECTION 9.        RULE 144....................................................12

SECTION 10.       REMEDIES 12

SECTION 11.       BINDING EFFECT; TRANSFEREES; TERMINATION....................13

SECTION 12.       AMENDMENTS AND WAIVERS......................................13

SECTION 13.       NOTICES  13

SECTION 14.       ENTIRE AGREEMENT............................................14

SECTION 15.       COUNTERPARTS................................................14

SECTION 16.       HEADINGS ...................................................14

SECTION 17.       GOVERNING LAW...............................................14

SECTION 18.       SEVERABILITY................................................14

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               AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT
               --------------------------------------------------

                  This Amended and Restated Registration Rights Agreement (the
"AGREEMENT") is made and entered into as of the __ day of August, 2001, by and
among Inland Resources Inc., a Washington corporation (the "Company"), Inland
Holdings, LLC, a California limited liability company ("HOLDINGS") and Hampton
Investments LLC, a Delaware limited liability company ("SMITH").

                                   WITNESSETH
                                   ----------

                  WHEREAS, the Company, Holdings, TCW Portfolio No. 1555 DRV
Sub-Custody Partnership, L.P., a California limited partnership ("PORTFOLIO"),
Joint Energy Development Investments II Limited Partnership, a Delaware limited
partnership, Pengo Securities Corporation ("PENGO"), Smith Energy Partnership
("SEP"), Randall D. Smith, Jeffrey A. Smith, Barbara Stovall Smith, John W.
Adams and Arthur J. Pasmas (collectively, the "SMITH INDIVIDUALS") (Smith,
Pengo, SEP and the Smith Individuals, together with any of their respective
affiliates, the "SMITH GROUP") entered into that certain Registration Rights
Agreement dated September 21, 1999 (the "ORIGINAL AGREEMENT");

                  WHEREAS, Smith has acquired from the other members of the
Smith Group the Registrable Common Stock (as defined in the Original Agreement)
and is concurrently herewith acquiring from Holdings 1,455,390 shares of the
Registrable Common Stock held by Holdings;

                  WHEREAS, Portfolio no longer holds any options or warrants to
acquire Registrable Common Stock and none of the Smith Group (other than Smith)
holds any Registrable Common Stock any longer; and

                  WHEREAS, the parties hereto desire to amend and restate the
Original Agreement in its entirety as provided herein.

                  The parties hereby agree that the Original Agreement is
amended and restated in its entirety as follows:

                  Section 1.        DEFINITIONS. As used in this Agreement, the
following terms have the meanings indicated:

                  "BOARD OF DIRECTORS" means the board of directors of the
Company.

                  "COMMISSION" means the Securities and Exchange Commission or
any similar agency having jurisdiction to enforce the Securities Act.

                  "COMMON STOCK" means the common stock, par value $.001 per
share, of the Company.

                  "DEMAND REGISTRATION" has the meaning ascribed to such term in
SECTION 2(A).

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                  "EXCHANGE ACT" means the Securities Exchange Act of 1934, as
amended, and the rules and regulations promulgated thereunder.

                  "PERSON" means any individual, corporation, partnership,
limited liability company, joint venture, association, joint-stock company,
trust, unincorporated organization or governmental or political subdivision,
agency or instrumentality thereof or other entity or organization of any kind.

                  "PIGGY-BACK REGISTRATION" has the meaning ascribed to such
term in SECTION 4.

                  "REGISTER," "REGISTERED" and "REGISTRATION" refer to a
registration effected by preparing and filing a registration statement in
compliance with the Securities Act and the declaration or ordering of
effectiveness of such registration statement.

                  "REGISTRABLE COMMON STOCK" means, collectively, (a) the shares
of Common Stock held by Holdings as of the date hereof, (b) the shares of Common
Stock held by Smith as of the date hereof and (c) any shares of Common Stock or
other securities issued with respect to the Common Stock described in clauses
(a) and (b) of this definition whether by way of stock dividend or stock split
or in connection with a combination of shares, recapitalization, merger,
consolidation, share exchange, reorganization or otherwise held by Holdings or
Smith; provided, however, such Common Stock or other securities shall cease to
be Registrable Common Stock when (i) a registration statement with respect to
the disposition of such Common Stock or other securities shall have become
effective under the Securities Act and such securities shall have been disposed
of in accordance with the plan of distribution set forth in such registration
statement, (ii) such Common Stock or other securities shall have been sold
pursuant to Rule 144 (or any successor provision) under the Securities Act,
(iii) such Common Stock or other securities shall have ceased to be outstanding
or (iv) all of such Common Stock or other securities held by a Person may be
sold pursuant to Rule 144 (or a successor provision) under the Securities Act
without being restricted by the volume limitations or method of sale
restrictions thereof.

                  "SECURITIES ACT" means the Securities Act of 1933, as amended,
and the rules and regulations promulgated thereunder.

                  "SHELF REGISTRATION STATEMENT" has the meaning ascribed to
such term in SECTION 2(A).

                  Section 2.        DEMAND REGISTRATION RIGHTS.

                  (a)      RIGHT TO DEMAND REGISTRATION. Subject to SECTION
2(B), SECTION 2(E) and SECTION 5 hereof, any holder of Registrable Common Stock
may make a written request to the Company for registration with the Commission
under and in accordance with the provisions of the Securities Act of the
disposition of all or part of the Registrable Common Stock (a "DEMAND
REGISTRATION"). Subject to SECTION 2(B), all requests made pursuant to this
SECTION 2(A) will specify the aggregate amount of Registrable Common Stock to be
registered, will specify the intended methods of disposition thereof and will
specify whether the registration statement to be filed is a "shelf" registration
statement ("SHELF REGISTRATION STATEMENT") pursuant to Rule 415 under the
Securities Act (or any similar rule that may be adopted by the Commission). If
any holder intends to dispose of any of the Registrable Common Stock pursuant to
an underwritten offering, the holder

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will have the right to select the underwriter, which shall be reasonably
acceptable to the Company. No securities other than Registrable Common Stock may
be registered in connection with a Demand Registration without the consent of
the holders of a majority of the outstanding Registrable Common Stock whose
shares are subject to such Demand Registration.

                  (b)      NUMBER OF DEMAND REGISTRATIONS; EFFECTIVE
REGISTRATION; EXPENSES. Subject to SECTION 5, so long as (i) Holdings holds
Registrable Common Stock, it (and its transferees), shall be entitled to
initiate and have effected one (1) Demand Registration which shall be a shelf
registration and (ii) Smith holds Registrable Common Stock, it (and its
transferees) shall be entitled to initiate and have effected an aggregate of
three (3) Demand Registrations; PROVIDED THAT unless the Demand Registration
covers all Registrable Stock owned by the shareholder owning such stock, the
Company shall not be obligated to effect a Demand Registration unless the party
initiating the Demand Registration proposes to sell Registrable Common Stock at
an aggregate price (calculated based upon the market price of the Registrable
Common Stock on the date of filing of the registration statement with respect to
such Registrable Common Stock) to the public of not less than $5,000,000. The
Company shall pay all Registration Expenses of all such Demand Registrations in
accordance with SECTION 7 hereof. The Company shall not be deemed to have
effected a Demand Registration unless and until (i) the Company has filed a
registration statement with the Commission and (ii) the registration statement
has been declared effective by the Commission. Furthermore, if Holdings' right
to make dispositions of Registrable Common Stock pursuant to a Shelf
Registration Statement shall be suspended by the Company under Section 5 below
for a period of more than 100 days or for a period during which the market price
for the Company's common stock shall have reduced by fifty percent (50%) or more
from the closing market price on the day preceding the day notice of suspension
is given by the Company, then Holdings shall be entitled to initiate and have
effective an additional Demand Registration which shall be a shelf registration.

                  (c)      GRANT OF NEW REGISTRATION RIGHTS. From and after the
date of this Agreement and until this Agreement is terminated, the Company shall
not grant any registration rights to any person that could adversely affect the
registration rights of either Holdings or Smith hereunder or are inconsistent
with the registration rights of either Holdings or Smith hereunder without the
prior written consent, as applicable, of Holdings and Smith; PROVIDED, however,
that the granting of piggy-back registration rights that are not superior to the
registration rights granted under SECTION 4 hereof with respect to cut-backs or
reductions required by underwriters shall not, in and of itself, be deemed to
adversely affect the rights of either Holdings or Smith or be inconsistent with
such rights if the piggy-back registration rights granted after the date of this
Agreement are first cut-back or reduced.

                  (d)      TERMINATION OF PRIOR REGISTRATION RIGHTS. By entering
into this Agreement Holdings and Smith, on behalf of themselves and their
affiliates, expressly consents to and acknowledges that any registration
right(s) related to any securities of the Company held prior to the date hereof
by it is/are terminated as of the date hereof.

                  (e)      CONCERNING THE DEMAND REGISTRATION RIGHTS OF
HOLDINGS. If the Company, at any time, ceases to be obligated to file reports
under the Exchange Act (a "public reporting company"), then the Demand
Registration which Holdings (and its transferees) are entitled to

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initiate and have effected pursuant to SECTION 2(B) above shall expire;
PROVIDED, that if the Company at any time thereafter becomes a public reporting
company, Holdings (and its transferees), as long as it holds Registrable Common
Stock, shall again be entitled to initiate and have effected one (1) Demand
Registration which shall be a shelf registration and otherwise subject to the
proviso in the first sentence of SECTION 2(B).

                  Section 3.        SHELF REGISTRATION. The Company will, as
soon as possible following a written request pursuant to SECTION 2(A) for the
registration of Registrable Common Stock by means of a Shelf Registration
Statement, file a shelf registration statement on Form S-3 covering the
Registrable Common Stock and thereafter shall use its best efforts to cause the
Shelf Registration Statement to be declared effective as soon as practicable
following such filing and to take any and all reasonable action within the
Company's control, subject to and in accordance with SECTION 5, as may be
necessary or appropriate to maintain such effectiveness until such time as
neither any holder nor any of their assignees own any Registrable Common Stock;
PROVIDED however, that the Company shall not be required to maintain the
effectiveness of any such Shelf Registration Statement for longer than ninety
days (90) from the effective date of such registration statement.

                  Section 4.        PIGGY-BACK REGISTRATION. (a) If the Company
proposes to file a registration statement under the Securities Act with respect
to an offering by the Company for its own account or for the account of others
(the "INITIATING SHAREHOLDERS") of any class of security (other than pursuant to
a registration statement on Forms S-4 or S-8 (or successor forms) or in
connection with an exchange offer or an offering of securities solely to the
Company's existing stockholders), including a Demand Registration Statement or a
Shelf Registration Statement, then, subject to the last sentence of SECTION
2(A), the Company shall in each case give written notice of such proposed filing
to the holders of Registrable Common Stock (which notice shall indicate, to the
extent then known, the proposed managing underwriter or underwriters, if such
offering is to be underwritten, and such other terms of the proposed offering
that the Company reasonably believes to be material to the holders of
Registrable Common Stock) and shall include in such registration statement all
or a portion of the Registrable Common Stock owned by such holders which such
holders shall request to be so included by written notice given by such holders
to the Company within 10 business days after such holder's receipt of such
notice from the Company (a "PIGGY-BACK REGISTRATION"). Subject to the last
sentence of SECTION 2(A), the Company shall use its best efforts to effect the
registration of all Registrable Common Stock requested to be so registered in
such offering on the same terms and conditions as any securities of the Company
of the same class included therein. If the managing underwriter or underwriters
of an underwritten offering, if any, advise the holders of Registrable Common
Stock in writing that in its or their reasonable opinion or, in the case of a
Piggyback Registration not being underwritten, the Company shall reasonably
determine (and notify the holders of Registrable Common Stock of such
determination), after consultation with an investment banker of nationally
recognized standing, that the number of shares of Common Stock or other
securities proposed to be sold in such registration will adversely affect the
success of such offering, the Company will include in such registration the
number of securities, if any, which, in the opinion of such underwriter or
underwriters, or the Company, as the case may be, can be sold as follows: (A) if
such registration was initiated by the Company, (i) FIRST, the shares the
Company proposed to sell, (ii) SECOND, the Registrable Common Stock and other
shares of Common Stock requested to be included in such registration by the
holders thereof entitled to participate in such registration under this
Agreement or under any registration rights

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agreement in effect on the date hereof and (iii) THIRD, the Common Stock
requested to be included in such registration by the holders thereof entitled to
participate in such registration under a registration rights agreement effective
after the date hereof and (B) if such registration was initiated as the result
of the exercise of a demand registration right of holders of Common Stock and
the holders referred to in the last sentence of SECTION 2(A) have consented to
the inclusion of such other securities (i) FIRST, the shares of Common Stock
requested to be included in such registration by the demanding holders pro rata
among those requesting such registration on the basis of the number of shares of
Common Stock requested to be included), (ii) SECOND, shares to be issued and
sold by the Company and shares held by Persons other than the demanding holders
and requested to be included in such registration either pursuant to this
Agreement or pursuant to any registration rights agreement in effect on the date
hereof and (iii) THIRD, the Common Stock requested to be included in such
registration by the holders thereof entitled to participate in such registration
under registration rights agreements effective after the date hereof. To the
extent that the privilege of including Registrable Common Stock or other shares
of Common Stock in any Piggyback Registration must be allocated among the
holders thereof pursuant to clause (A)(ii) or (B)(ii) above, the allocation
shall be made pro rata based on the number of shares of Common Stock that each
such participant shall have requested to include therein and to the extent that
the privilege of including Common Stock in any Piggyback Registration must be
allocated among the holders thereof pursuant to clause (A)(iii) or (B)(iii)
above, the allocation shall be made pro rata based on the number of shares of
Common Stock that each such participant shall have requested to include therein.
Notwithstanding the above, if the managing underwriter or underwriters of an
underwritten offering, if any, advise the Company that it or they intend to
sell, as an over-allotment option, a number of shares of Common Stock or other
securities in excess of the number of shares of Common Stock requested to be
sold by the parties pursuant to this SECTION 4(A) (the "EXCESS STOCK"), the
Excess Stock to be sold shall be sold by the holders of the Registrable Common
Stock and shall be allocated among them pro rata based upon the number of shares
of Registrable Common Stock that each such holder holds in excess of the stock
requested to be sold pursuant to this SECTION 4(A).

                  (b)      The holders of Registrable Common Stock to be
distributed by such underwriters shall be parties to the underwriting agreement
between the Company and such underwriters. The representations and warranties
by, and the other agreements on the part of, the Company to and for the benefit
of such underwriters shall also be made to and for the benefit of the holders of
Registrable Common Stock to be distributed by such underwriters, and the
conditions precedent to the obligations of such holders of Registrable Common
Stock under such underwriting agreement shall be reasonably satisfactory to such
holders. Such holders shall not be required to make any representations or
warranties to the Company or its underwriters other than representations or
warranties regarding such holder, such holder's interest in the shares to be
distributed and such holder's intended method of distribution. The Company shall
have the right to discontinue any piggy-back registration under this SECTION 4
at any time prior to the effective date of such registration if the registration
of the securities giving rise to such registration under this SECTION 4 is
discontinued by the Company, but no such discontinuation shall preclude an
immediate or subsequent request by the holders of Registrable Common Stock for
registration pursuant to SECTION 2 hereof if otherwise permitted.

                  Section 5.        RESTRICTIONS ON DISPOSITIONS AND DEMAND
REGISTRATIONS. Notwithstanding anything to the contrary contained herein, the
Company shall not be obligated to

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prepare and file any registration statement pursuant to a Demand Registration or
prepare or file any amendment or supplement thereto and may suspend, by giving
written notice to the holders of Registrable Common Stock, such holders' rights
to make dispositions of Registrable Common Stock pursuant to a Shelf
Registration Statement, at any time when the Company reasonably believes that
the filing thereof at the time requested, or the offering or sale of securities
pursuant thereto, would materially adversely affect a pending or proposed public
offering of the Company's securities, or an acquisition, merger,
recapitalization, consolidation, reorganization or similar transaction or
negotiations, discussions or pending proposals with respect thereto. The rights
of holders of Registrable Common Stock to make dispositions thereof pursuant to
a Shelf Registration Statement may similarly be suspended by the Company upon
written notice to the holders of Registrable Common Stock that the Shelf
Registration Statement is unusable as a result of an event requiring a
post-effective amendment or supplement, which has not yet been filed, and will
remain unusable until the supplement is filed or post-effective amendment is
filed and declared effective. The filing of a registration statement, or any
amendment or supplement thereto, by the Company cannot be deferred, and the
holders' rights to dispose of Registrable Common Stock pursuant to a Shelf
Registration Statement cannot be suspended for more than 90 days, and may not be
so deferred or suspended more than 180 days during any twelve month period,
unless such deferral or suspension is agreed to in writing by the holders of
Registrable Common Stock subject to such suspension or deferral and, with
respect to suspended dispositions, the Company shall be obligated to maintain
the effectiveness of the applicable registration statement for an additional
period of time equal to the period of suspension(s).

                  Section 6.        REGISTRATION PROCEDURES.

                  (a)      CERTAIN COMPANY OBLIGATIONS. Whenever Registrable
Common Stock is to be registered pursuant to SECTIONS 2 OR 3 of this Agreement,
the Company will use reasonable diligence to effect the registration of such
Registrable Common Stock in accordance with the intended method of disposition
thereof as quickly as practicable, and in connection with any such request and
with the Piggy-back Registration or Demand Registration, the Company will as
expeditiously as possible:

                           (i)      prepare and file with the Commission a
                  registration statement which includes the Registrable Common
                  Stock requested to be included and use its best efforts to
                  cause such registration statement to become effective (which
                  registration statement, in the case of a Demand Registration,
                  shall in all events be filed with the Commission within 75
                  days after the Company's receipt of the Demand Registration,
                  subject to the limitations set forth in SECTION 5); provided
                  that before filing a registration statement or prospectus or
                  any amendments or supplements thereto, the Company will
                  furnish to the holders of the Registrable Common Stock covered
                  by such registration statement and the underwriters, if any,
                  draft copies of all such documents proposed to be filed at
                  least five (5) business days prior thereto (or, in the case of
                  any amendments to documents that have previously been filed
                  with the Commission, such shorter period of time if the
                  Company reasonably believes it is necessary in order to effect
                  the registration on a timely basis so long as such period is
                  not less than 24 hours), which documents will be subject to
                  the reasonable review of such holders and underwriters, and
                  provided further that if such registration statement refers to
                  any holder of Registrable Common Stock by

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                  name or otherwise as the holder of any securities of the
                  Company, then such holder shall have the right to require (i)
                  the insertion therein of language, in form and substance
                  satisfactory to such holder, to the effect that the holding by
                  such holder of such securities does not necessarily make such
                  holder a "controlling person" of the Company within the
                  meaning of the Securities Act and is not to be construed as a
                  recommendation by such holder of the investment quality of the
                  Company's securities covered thereby and that such holding
                  does not imply that such holder will assist in meeting any
                  future financial requirements of the Company, or (ii) in the
                  event that such reference to such holder by name or otherwise
                  is not required by the Securities Act or any rules and
                  regulations promulgated thereunder, the deletion of the
                  reference to such holder;

                           (ii)     prepare and file as soon as reasonably
                  practicable with the Commission such amendments and
                  post-effective amendments to the registration statement as may
                  be necessary to keep the registration statement effective for
                  the period of time specified in SECTION 3 with respect to the
                  Shelf Registration Statement and otherwise for 90 days (or
                  such shorter period which will terminate when all Registrable
                  Common Stock covered by such registration statement has been
                  sold or withdrawn); cause the prospectus to be supplemented by
                  any required prospectus supplement, and as so supplemented to
                  be filed pursuant to Rule 424 under the Securities Act; and
                  comply with the provisions of the Securities Act applicable to
                  it with respect to the disposition of all securities covered
                  by such registration statement during the applicable period in
                  accordance with the intended methods of disposition by the
                  holders thereof set forth in such registration statement or
                  supplement to the prospectus;

                           (iii)    furnish to any holder of Registrable Common
                  Stock included in such registration statement and to the
                  managing underwriter or underwriters, if any, without charge,
                  at least one signed copy of the registration statement and any
                  post-effective amendment thereto, upon request, and such
                  number of conformed copies thereof and such number of copies
                  of the prospectus (including each preliminary prospectus) and
                  any amendments or supplements thereto, and any documents
                  incorporated by reference therein, as such holder or
                  underwriter may reasonably request in order to facilitate the
                  disposition of the Registrable Common Stock being sold by such
                  holder;

                           (iv)     notify in writing each holder of Registrable
                  Common Stock included in such registration statement, at any
                  time when a prospectus relating-thereto is required to be
                  delivered under the Securities Act, when the Company becomes
                  aware of the happening of any event as a result of which the
                  prospectus included in such registration statement (as then in
                  effect) contains any untrue statement of a material fact or
                  omits to state a material fact necessary to make the
                  statements therein (in the case of the prospectus or any
                  preliminary prospectus, in light of the circumstances under
                  which they were made) not misleading and, as promptly as
                  practicable thereafter, prepare and file with the Commission
                  and furnish a supplement or amendment to such prospectus so
                  that, as thereafter delivered to the purchasers of such
                  Registrable Common Stock, such prospectus will not contain any

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                  untrue statement of a material fact or omit to state a
                  material fact necessary to make the statements therein, in
                  light of the circumstances under which they were made, not
                  misleading;

                           (v)      use reasonable diligence to cause all
                  Registrable Common Stock included in such registration
                  statement to be listed, by the date of the first sale of
                  Registrable Common Stock pursuant to such registration
                  statement, on each securities exchange on which the Common
                  Stock of the Company is then listed or proposed to be listed,
                  if any, and use reasonable diligence to cause all Registrable
                  Common Stock included in such Registration Statement to be
                  quoted on The Nasdaq Stock Market (or other national or
                  small-cap market), if the Common Stock of the Company is then
                  quoted thereon;

                           (vi)     make generally available to its security
                  holders an earnings statement satisfying the provisions of
                  SECTION 11(A) of the Securities Act as soon as practicable,
                  which earnings statement shall cover the requisite 12-month
                  period, which requirements will be deemed to be satisfied if
                  the Company timely files complete and accurate information on
                  Forms 10-Q, 10-K and 8-K under the Exchange Act and otherwise
                  complies with Rule 158 under the Securities Act as soon as
                  feasible;

                           (vii)    if requested by the managing underwriter or
                  underwriters or any holder of Registrable Common Stock covered
                  by the registration statement, promptly incorporate in a
                  prospectus supplement or post-effective amendment such
                  information as the managing underwriter or underwriters or
                  such holder reasonably requests to be included therein,
                  including, without limitation, with respect to the Registrable
                  Common Stock being sold by such holder to such underwriter or
                  underwriters, the purchase price being paid therefor by such
                  underwriter or underwriters and with respect to any other
                  terms of the underwritten offering of the Registrable Common
                  Stock to be sold in such offering, and promptly make all
                  required filings of such prospectus supplement or
                  post-effective amendment;

                           (viii)   on or prior to the date on which the
                  registration statement is declared effective, use reasonable
                  diligence to register or qualify, and cooperate with the
                  holders of Registrable Common Stock included in such
                  registration statement, the underwriter or underwriters, if
                  any, and their counsel, in connection with the registration or
                  qualification of the Registrable Common Stock covered by the
                  registration statement for offer and sale under the securities
                  or blue sky laws of each state and other jurisdiction of the
                  United States as any such holder or underwriter reasonably
                  requests in writing, to use reasonable diligence to keep each
                  such registration or qualification effective, including
                  through new filings, or amendments or renewals, during the
                  period such registration statement is required to be kept
                  effective and to do any and all other acts or things necessary
                  or advisable to enable the disposition in all such
                  jurisdictions of the Registrable Common Stock covered by the
                  applicable registration statement; provided that the Company
                  will not be required to qualify generally to do business in
                  any jurisdiction where it is not then so

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                  qualified or to take any action which would subject it to
                  general service of process in any such jurisdiction where it
                  is not then so subject;

                           (ix)     cooperate with the holders of Registrable
                  Common Stock covered by the registration statement and the
                  managing underwriter or underwriters, if any, to facilitate
                  the timely preparation and delivery of certificates (not
                  bearing any restrictive legends) representing securities to be
                  sold under the registration statement, and enable such
                  securities to be in such denominations and registered in such
                  names as the managing underwriter or underwriters, if any, or
                  such holders may request;

                           (x)      enter into such customary agreements
                  (including an underwriting agreement in customary form) and
                  take all such other actions as the holders of the Registrable
                  Common Stock being sold or the underwriters retained by
                  holders participating in an underwritten public offering, if
                  any, reasonably request in order to expedite or facilitate the
                  disposition of such Registrable Common Stock;

                           (xi)     make available for inspection by the
                  holders, by any underwriter participating in any disposition
                  to be effected pursuant to such registration statement and by
                  any attorney, accountant or other agent retained by the
                  holders or any such underwriter, all pertinent financial and
                  other records, pertinent corporate documents and properties of
                  the Company, and cause all of the Company's officers,
                  directors and employees to supply all information, reasonably
                  requested by the holders or any such seller, underwriter,
                  attorney, accountant or agent in connection with such
                  registration statement. In that connection, the Company may
                  require the holders, such underwriter and such other persons
                  to conduct their investigation in a manner which does not
                  disrupt the operations of the Company and to execute such
                  confidentiality agreements as the Company may reasonably
                  determine to be advisable;

                           (xii)    notify each holder of Registrable Common
                  Stock of any stop order issued or threatened by the Commission
                  in connection with any registration statement covering
                  Registrable Common Stock and take all reasonable actions
                  required to prevent the entry of such stop order or to remove
                  it if entered; and

                           (xiii)   if such sale is pursuant to an underwritten
                  offering, obtain "cold comfort" letters dated the effective
                  date of the registration statement and the date of the closing
                  under the underwriting agreement from the Company's
                  independent public accountants in customary form and covering
                  such matters of the type customarily covered by "cold comfort"
                  letters as the counsel of the holders of Registrable Common
                  Stock may reasonably request or the managing underwriter
                  reasonably requests.

                  (b)      CERTAIN OBLIGATIONS OF HOLDERS OF REGISTRABLE COMMON
STOCK. Each holder of Registrable Common Stock shall provide the Company in
writing such information as the Company reasonably requests in order to
effectuate the registration and disposition of such holder's Registrable Common
Stock pursuant to this Agreement and such holder shall execute all consents,

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powers of attorney, registration statements and other documents reasonably
required to be signed by such holder in order to effectuate the registration or
disposition of Registrable Common Stock by such holder.

                  Section 7.        REGISTRATION EXPENSES. The Company shall pay
all expenses incident to the Company's performance of or compliance with its
obligations hereunder, including, without limitation, all registration, filing
and National Association of Securities Dealers, Inc. fees, all fees and expenses
of complying with securities or blue sky laws, all word processing, duplicating
and printing expenses, messenger and delivery expenses, and the reasonable fees
and disbursements of the Company's independent public accountants, the Company's
counsel and reasonable fees and expenses of one law firm acting as counsel to
the holders requesting registration of all or a portion of their Registrable
Common Stock. Holders of Registrable Common Stock requesting registration will
be responsible for any other expenses incurred by them, including for their own
accountants and representatives, as well as any underwriting discounts and
commissions on the sale of the Registrable Common Stock.

                  Section 8.        INDEMNIFICATION; CONTRIBUTION.

                  (a)      INDEMNIFICATION BY THE COMPANY. The Company agrees to
indemnify and hold harmless each holder of Registrable Common Stock, its
officers, directors, partners and members (and officers and directors of such
partners and members) and each person who controls such holder (within the
meaning of the Securities Act) against all losses, claims, damages or
liabilities arising out of or based upon any untrue or alleged untrue statement
of material fact contained in any registration statement registering the
disposition of Registrable Common Stock, any amendment or supplement thereto,
any prospectus or preliminary prospectus or any omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make
the statements therein not misleading, except insofar as the same arise out of
or are based upon, any such untrue statement or omission based upon information
furnished in writing to the Company by such indemnified person expressly for use
therein and will reimburse, as incurred, such holder, officer, director,
partner, member or controlling person for any legal or other expenses incurred
by such holder, officer, director, partner, member or controlling person in
connection with investigating, defending or appearing as a third party witness
in connection with any such loss, claim, damage, or liability. In connection
with an underwritten offering, the Company will indemnify, and reimburse for
expenses, the underwriters thereof, their officers and directors and each person
who controls such underwriters (within the meaning of the Securities Act) to the
same extent as provided above with respect to holders of Registrable Common
Stock.

                  (b)      INDEMNIFICATION BY HOLDERS OF REGISTRABLE COMMON
STOCK. In connection with any registration statement in which a holder of
Registrable Common Stock is participating, such holder will furnish to the
Company in writing such information with respect to the name and address of such
holder and the amount of Registrable Common Stock held by such holder and such
other information as the Company shall reasonably request, for use in connection
with any such registration statement or prospectus and agrees to indemnify the
Company, its directors and officers, any underwriter (within the meaning of the
Securities Act) for the Company or other persons selling securities pursuant to
such registration statement, and each person who controls the Company, against
any losses, claims, damages, liabilities and expenses resulting from any untrue
statement of a material fact or any omission of a material fact required to be
stated in the

                                       10

<PAGE>

registration statement or prospectus or any amendment thereof or supplement
thereto or necessary to make the statements therein not misleading, to the
extent, but only to the extent, that such untrue statement or omission is
contained in any information with respect to such holder so furnished in writing
by such holder expressly for inclusion in any prospectus or registration
statement. In no event shall the liability of any selling holder of Registrable
Common Stock hereunder be greater in amount than the dollar amount of the net
proceeds received by such holder upon the sale of the Registrable Common Stock
giving rise to such indemnification obligation.

                  (c)      CONDUCT OF INDEMNIFICATION PROCEEDINGS. Any person
entitled to indemnification hereunder agrees to give prompt written notice to
the indemnifying party after the receipt by such person of any written notice of
the commencement of any action, suit, proceeding or investigation or threat
thereof made in writing as to which such person will claim indemnification or
contribution pursuant to this Agreement and, unless in the reasonable judgment
of such indemnified party a conflict of interest may exist between such
indemnified party and the indemnifying party with respect to such claim, permit
the indemnifying party to assume the defense of such claim with counsel
reasonably satisfactory to such indemnified party. The failure to notify the
indemnifying party promptly of such commencement or threat shall not relieve the
indemnifying party of its obligation to indemnify the indemnified party, except
to the extent that the indemnifying party is actually prejudiced by such
failure. Whether or not such defense is assumed by the indemnifying party, the
indemnifying party will not be subject to any liability for any settlement made
without its consent (but such consent will not be unreasonably withheld). No
indemnifying party will consent to entry of any judgment or enter into any
settlement which does not include as an unconditional term thereof the giving by
the claimant or plaintiff to such indemnified party of a release from all
liability in respect of such claim or litigation. If the indemnifying party is
not entitled to, or elects not to, assume the defense of a claim, it will not be
obligated to pay the fees and expenses of more than one counsel for the
indemnified party or parties with respect to such claim, unless in the
reasonable judgment of any indemnified party an actual conflict of interest
exists between such indemnified party and any other of such indemnified parties
with respect to such claim, in which event the indemnified party shall be
obligated to pay the fees and expenses of such additional counsel or counsels.

                  (d)      CONTRIBUTION. If the indemnification provided for in
this SECTION 8 from the indemnifying party is unavailable to an indemnified
party hereunder in respect of any losses, claims, damages, liabilities or
expenses referred to herein, then the indemnifying party, in lieu of
indemnifying such indemnified party, shall contribute to the amount paid or
payable by such indemnified party as a result of such losses, claims, damages,
liabilities or expenses in such proportion as is appropriate to reflect the
relative fault of the indemnifying party and indemnified parties in connection
with the actions which resulted in such losses, claims, damages, liabilities or
expenses, as well as any other relevant equitable considerations. The relative
fault of such indemnifying party and indemnified parties shall be determined by
reference to, among other things, whether any action in question, including any
untrue or alleged untrue statement of a material fact, has been made by, or
related to information supplied by, such indemnifying party or indemnified
parties, and the parties' relative intent, knowledge, access to information and
opportunity to correct or prevent such action. The amount paid or payable by a
party as a result of the losses, claims, damages, liabilities and expenses
referred to above shall be deemed to include, subject to the limitations set
forth in SECTION 8(B), any legal or other fees or expenses reasonably incurred
by such party in connection with any investigation or proceeding.

                                       11

<PAGE>

                  The parties hereto agree that it would not be just and
equitable if contribution pursuant to this SECTION 8(D) were determined by pro
rata allocation or by any other method of allocation which does not take account
of the equitable considerations referred to in the immediately preceding
paragraph. Notwithstanding the provisions of this SECTION 8(D), no underwriter
shall be required to contribute any amount in excess of the amount by which the
underwriting discount applicable to the Registrable Common Stock purchased by it
and distributed to the public exceeds the amount of any damages which such
underwriter has otherwise been required to pay by reason of such untrue or
alleged untrue statement or omission or alleged omission, and no selling holder
shall be required to contribute any amount in excess of the amount by which the
total price at which the Registrable Common Stock of such selling holder was
offered to the public exceeds the amount of any damages which such selling
holder has otherwise been required to pay by reason of such untrue statement or
omission. No person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution from
any person who was not guilty of such fraudulent misrepresentation.

                  The obligations of the Company pursuant to this SECTION 8
shall be further subject to such additional express agreements of the Company as
may be required to facilitate an underwritten offering, provided that no such
agreement shall in any way limit the rights of the holders of Registrable Common
Stock under this Agreement, or create additional obligations of such holders not
set forth herein, except as otherwise expressly agreed in writing by any such
holders. The obligations of the Company pursuant to this SECTION 8 shall be in
addition to any liability or obligation the Company may have at common law or
otherwise.

                  Section 9.        RULE 144. The Company covenants that for so
long as any Holder owns any Registrable Common Stock and the Company is a public
reporting company, that it will file, in a timely manner, the reports required
to be filed by it under the Securities Act and the Exchange Act and the rules
and regulations adopted by the Commission thereunder, and it will take such
further action as any holder of Registrable Common Stock may reasonably request,
all to the extent required from time to time to enable such holder to sell
Registrable Common Stock without registration under the Securities Act within
the limitation of the exemptions provided by (a) Rule 144 under the Securities
Act, as such Rule may be amended from time to time, or (b) any similar rule or
regulation hereafter adopted by the Commission. Upon the request of any holder
of Registrable Common Stock, the Company will deliver to such holder a written
statement as to whether it has complied with such requirements.

                  Section 10.       REMEDIES. Each holder of Registrable Common
Stock in addition to being entitled to exercise all rights granted by law,
including recovery of damages, will be entitled to specific performance of its
rights under this Agreement. The Company agrees that monetary damages would not
be adequate compensation for any loss incurred by reason of a breach by it of
the provisions of this Agreement and hereby agrees to waive the defense in any
action for specific performance that a remedy at law would be adequate. If any
party hereto fails to perform any of its obligations under this Agreement, then
the defaulting party shall pay any and all costs and expenses incurred by the
other party on account of such default, including, without limitation, court
costs and reasonable attorneys' fees and disbursements. Any such attorneys' fees
and other expenses incurred by either party in enforcing a judgment in its favor
under this Agreement shall be recoverable separately from and in addition to any
other amount included in such judgment, and

                                       12

<PAGE>

such attorneys' fees obligation is intended to be severable from the other
provisions of this Agreement and to survive and not be merged into any such
judgment.

                  Section 11.       BINDING EFFECT; TRANSFEREES; TERMINATION.
Except to the extent otherwise provided herein, the provisions of this Agreement
shall be binding upon and accrue to the benefit of the parties hereto and their
respective heirs, legal representatives, successors and permitted assigns. A
transferee of Registrable Common Stock, which acquires such securities from a
holder of Registrable Common Stock in a transfer, whether in a public
distribution or otherwise, which results in such transferred securities not
being Registrable Common Stock in the hands of such transferee, shall not be a
holder of Registrable Common Stock hereunder and shall not have any rights or
obligations hereunder as a result of such transfer of Registrable Common Stock.
Except as provided in the preceding sentence, a transferee of a holder of
Registrable Common Stock, whether becoming such by sale, transfer, assignment,
operation of law or otherwise, shall be deemed to be a holder of Registrable
Common Stock hereunder and such transferee shall be entitled to the rights, and
subject to the obligations, of such a holder hereunder; provided, (i) notice of
such transfer (containing the name and address of the transferee) is given to
the Company and (ii) such transferee agrees to be bound by the terms of this
Agreement as a holder of Registrable Common Stock. This Agreement shall
terminate as to any Person at such time as such Person no longer holds shares of
Registrable Common Stock.

                  Section 12.       AMENDMENTS AND WAIVERS. This Agreement may
be amended, but only with the written consent of each party being adversely
affected by such amendment; provided that SECTION 2(C) and the cutback
provisions of SECTION 4 may be amended or waived only with the consent of both
(i) the holders of a majority of the Registrable Common Stock then held by
Holdings and its affiliates, and (ii) the holders of a majority of the
Registrable Common Stock then held by Smith and its affiliates. No failure or
delay (whether by course of conduct or otherwise) by the parties hereto in
exercising any right, power or remedy which they may have under this Agreement
shall operate as a waiver thereof or of any other right, power or remedy, nor
shall any single or partial exercise by the parties hereto of any such right,
power or remedy preclude any other or further exercise thereof or of any other
right, power or remedy. No waiver of any provision of this Agreement and no
consent to any departure therefrom shall ever be effective unless it is in
writing and signed by each party being adversely affected by such waiver or
consent; provided that SECTION 2(C) and the cutback provisions of SECTION 4 may
be amended or waived with the consent of both (i) the holders of a majority of
the Registrable Common Stock then held by Holdings and its affiliates, and (ii)
the holders of a majority of the Registrable Common Stock then held by Smith and
its affiliates, and then such waiver or consent shall be effective only in the
specific instances and for the purposes for which given and to the extent
specified in such writing. The remedies provided for herein are cumulative and
are not exclusive of any remedies that may be available to the parties at law or
in equity or otherwise.

                  Section 13.       NOTICES. All notices, requests, consents,
demands and other communications required or permitted under this Agreement
shall be in writing and shall be deemed sufficiently given or furnished upon
delivery, when delivered by personal delivery, by telecopy, by delivery service
with proof of delivery, or three days after being deposited in the US mail as
registered or certified United States mail, postage prepaid, if to a holder of
Registrable Common Stock at the most current address given by such holder to the
Company; if to the Company at:

                                       13

<PAGE>

                                    Inland Resources Inc.
                                    410 17th Street, Suite 700
                                    Denver, Colorado 80202
                                    Attn:  Marc MacAluso
                                    Telephone: (303) 893-0102
                                    Facsimile: (303) 893-0103

                  Section 14.       ENTIRE AGREEMENT This Agreement constitutes
the entire understanding between the parties with respect to the subject matter
hereof, superseding all prior negotiations, preliminary agreements,
correspondence or understandings, written or oral between the parties with
respect to the subject matter hereof. Except as expressly provided herein, there
are no representations or warranties of any party hereto.

                  Section 15.       COUNTERPARTS. Two or more duplicate
originals of this Agreement may be signed by the parties, each of which shall be
an original but all of which together shall constitute one and the same
instrument.

                  Section 16.       HEADINGS. The headings in this Agreement are
for convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

                  Section 17.       GOVERNING LAW. This Agreement shall be
governed by and interpreted in accordance with the internal laws of the State of
New York without reference to the conflicts of the law provisions thereof.

                  Section 18.       SEVERABILITY. In the event that any one or
more of the provisions contained herein, or the application thereof in any
circumstance, is held invalid, illegal or unenforceable, the validity, legality
and enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be affected or impaired thereby.

                         [REMAINDER OF PAGE LEFT BLANK]

                                       14

<PAGE>

                  IN WITNESS WHEREOF, the parties have executed this
Registration Rights Agreement as of the date first written above.

                                   INLAND RESOURCES INC.,
                                   a Washington corporation

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

                                   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:  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

<PAGE>

                                   HAMPTON INVESTMENTS LLC,
                                   a Delaware limited liability company

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

                                                                     EXHIBIT 4.4

                   AMENDED AND RESTATED SHAREHOLDERS AGREEMENT

                  This Amended and Restated Shareholders Agreement (this
"AGREEMENT") is made and entered into as of August 2, 2001, by and among Inland
Resources Inc., a Washington corporation (the "INLAND"), Inland Holdings, LLC, a
California limited liability company ("TCW"), and Hampton Investments LLC, a
Delaware limited liability company ("SMITH").

                               W I T N E S S E T H

                  WHEREAS, Inland, TCW, Fund V (as defined below), Joint Energy
Development Investments II Limited Partnership, a Delaware limited partnership
("JEDI"), Pengo Securities Corp., a Delaware corporation ("PENGO"), Smith Energy
Partnership, a New York general partnership ("SEP"), Randall D. Smith, Jeffrey
A. Smith, Barbara Stovall Smith, John W. Adams and Arthur J. Pasmas
(collectively, the "SMITH INDIVIDUALS") (Smith, Pengo, SEP and the Smith
Individuals, together with any of their respective affiliates, the "SMITH
GROUP") entered into that certain Shareholders Agreement dated as of September
21, 1999 (the "ORIGINAL AGREEMENT");

                  WHEREAS, Smith has acquired a total of 570,698 shares of
Inland's Common Stock (as defined in the Original Agreement) from the other
members of the Smith Group and 292,098 shares of Common Stock from JEDI, and
Smith is concurrently herewith acquiring from TCW 1,455,390 shares of Common
Stock held by TCW;

                  WHEREAS, after the sale of Common Stock by TCW described
above, TCW will own 297,196 shares of Inland's Common Stock (the "TCW COMMON
STOCK") and no other equity securities of Inland;

                  WHEREAS, after the purchase of Common Stock from TCW described
above, Smith will own a total of 2,318,186 shares of Inland's Common Stock (the
"SMITH COMMON STOCK") and no other equity securities of Inland;

                  WHEREAS, the parties hereto desire to amend and restate the
Original Agreement in its entirety as provided herein; and

                  WHEREAS, TCW and Smith desire to make certain provisions
regarding, among other things, the transfer of shares of capital stock of
Inland.

                  NOW, THEREFORE, in consideration of the mutual promises,
representations, warranties, covenants, conditions and agreements contained
herein, the parties hereto, intending to be legally bound by the terms hereof,
agree that the Original Agreement is amended and restated in its entirety as
follows:

                  SECTION 1.        DEFINITIONS

                  As used in this Agreement, the following terms have the
following meanings:

                                        1

<PAGE>

                  "AFFILIATE" or "AFFILIATE" shall mean, with respect to any
Person, (i) any other Person directly or indirectly owning, controlling or
holding with power to vote 50% or more of the outstanding voting securities of
the specified Person; (ii) any other Person 50% or more of whose outstanding
voting securities are directly or indirectly owned, controlled or held with
power to vote by the specified Person; (iii) any other Person directly or
indirectly controlling, controlled by or under common control with the specified
Person; or (iv) any officer, director, partner or sanguineous or affined kin of
the specified Person or of any other Person described in clause (iii) above. For
the avoidance of doubt and without limiting the generality of the foregoing, the
following Persons shall be deemed to be Affiliates of Smith: (a) Randall D.
Smith, Jeffrey A. Smith, Barbara Stovall Smith, Arthur J. Pasmas, John W. Adams,
(b) any immediate family member of any Person falling within (a) above, (c) any
direct lineal descendant of any Person falling within (b) above, (d) any trust
established for the benefit of any Person falling within (a) to (c) above, (e)
Bruce Schnelwar, and (f) any Person controlling, controlled by or under common
control with (a) to (e) above. For the further avoidance of doubt and without
limiting the generality of the foregoing, any partner, member, shareholder,
participant or beneficial interest owner of any TCW partner, member,
shareholder, participant or beneficial interest owner of any of the foregoing
shall be deemed to be an Affiliate of TCW.

                  "BOARD" or "BOARD OF DIRECTORS" shall mean the board of
directors of Inland and every Subsidiary thereof.

                  "COMMISSION" shall mean the United States Securities and
Exchange Commission or any other similar or successor agency of the federal
government administering the Securities Act.

                  "COMMON STOCK" shall mean the common stock of Inland, par
value $.001 per share.

                  "DRAG-ALONG NOTICE" shall have the meaning ascribed to such
term in SECTION 4.

                  "DRAG-ALONG PARTY" shall have the meaning ascribed to such
term in SECTION 4.

                  "DRAG-ALONG PERIOD" shall have the meaning ascribed to such
term in SECTION 4.

                  "DRAG-ALONG SHARES" shall have the meaning ascribed to such
term in SECTION 4.

                  "DRAG-ALONG TRANSACTION" shall have the meaning ascribed to
such term in SECTION 4.

                  "EXCHANGE AND NOTE ISSUANCE AGREEMENT" shall mean that certain
Exchange and Note Issuance Agreement dated the date hereof by and among Inland,
Inland Production Company, Inland Working Capital Company, Inland Holdings LLC
and TCW Portfolio No. 1555 DRV Sub-Custody Partnership, LP.

                  "FUND V" shall mean Trust Company of the West, a California
trust company, solely in its capacity as custodian for Mellon Bank for the
benefit of Account No. CPFF 873-3032 AND TCW Portfolio No. 1555 DR V Sub-Custody
Partnership, L.P., a California limited partnership.

                                        2

<PAGE>

                  "HOLDER" or "HOLDERS" shall mean the Persons holding any of
the Securities, either individually or collectively as the context so requires.

                  "NEW SECURITIES" shall have the meaning ascribed to such term
in SECTION 8.1(A).

                  "PERSON" shall mean any individual, corporation, partnership,
limited liability company, joint venture, association, joint stock company,
trust, unincorporated organization or government or agency or political
subdivision thereof.

                  "SALE CONTRACT" shall have the meaning ascribed to such term
in SECTION 4.3.

                  "SECURITIES ACT" shall mean the Securities Act of 1933, as
amended, or any successor Federal statute and the rules and regulations of the
Commission promulgated thereunder, all as the same shall be in effect at the
time.

                  "SECURITIES" shall mean the TCW Common Stock and Smith Common
Stock.

                  "SMITH COMMON STOCK" shall have the meaning ascribed to such
term in the recitals hereto.

                  "SUBSIDIARIES" shall mean the subsidiaries of Inland.

                  "TAG TRANSACTION" shall have the meaning ascribed to such term
in SECTION 3.1.

                  "TAGALONG PARTY" shall have the meaning ascribed to such term
in SECTION 3.1.

                  "TCW COMMON STOCK" shall have the meaning ascribed to such
term in the recitals hereto.

                  "TCW ENTITY" shall have the meaning ascribed to such term in
SECTION 4.2.

                  "TCW SUB NOTES" shall mean the unsecured subordinated note(s)
of Inland issued pursuant to the Exchange and Note Issuance Agreement.

                  "TRANSFER" shall have the meaning ascribed to such term in
SECTION 2. For the avoidance of doubt, the term "Transfer" shall not include a
pledge or hypothecation, but shall include any transfer upon the foreclosure or
realization of collateral arising from a pledge or hypothecation.

                  "TRANSFEROR" shall have the meaning ascribed to such term in
SECTION 3.1.

                  "TRANSFEREE" shall have the meaning ascribed to such term in
SECTION 3.1.

                  "VOTING STOCK" shall mean the capital stock of any class or
classes of Inland, including, without limitation, the Common Stock, the holders
of which are entitled to participate generally in the election of the members of
Inland's Board, and any securities of Inland convertible into, or exercisable or
exchangeable for, any such capital stock of Inland.

                                        3

<PAGE>

                  SECTION 2.        RESTRICTIVE LEGEND AND RIGHT TO TRANSFER

                  2.1      Each party hereto understands and agrees that Inland
will cause the legend set forth below to be placed upon any certificates or
other documents or instruments evidencing ownership of the Smith Common Stock
and the TCW Common Stock, until such time as the later of a certificate bearing
such legend is transferred to a non-affiliate of Smith or TCW or the repayment
in full of the TCW Sub Notes (at which time Inland agrees to remove such
legend(s) upon request of a holder of such certificate):

         "THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
         TAG-ALONG, AND DRAG-ALONG RIGHTS AND VOTING AGREEMENTS AS SET FORTH IN
         THAT CERTAIN AMENDED AND RESTATED SHAREHOLDERS AGREEMENT DATED AUGUST
         2, 2001 AMONG INLAND RESOURCES, INC., INLAND HOLDINGS, LLC AND HAMPTON
         INVESTMENTS LLC. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL
         OFFICE OF THE COMPANY. CERTAIN OF SUCH RIGHTS AND AGREEMENTS ARE
         BINDING ON CERTAIN TRANSFEREES OF THESE SHARES."

                  2.2      Except as provided in Sections 3 or 4 herein and
subject to applicable securities laws, any restrictive legends on certificates
evidencing the Securities and any other agreements governing or restricting
transfer of the Securities, each of TCW and Smith shall have the right to freely
sell, assign, transfer, give away or dispose of (any of the foregoing being
hereinafter referred to as a "Transfer") their respective interests in the
Securities, whether in whole or in part, to any Person without restriction other
than as set forth herein.

                  SECTION 3.        TAGALONG RIGHTS

                  3.1      If Smith or any affiliate thereof ("TRANSFEROR")
transfers, other than in a public offering pursuant to a registration statement,
any shares of Common Stock held by such Transferor to any Person or Persons
other than to an affiliate of Smith (a "TRANSFEREE") in one transaction or a
series of related transactions, which transfer or transfers constitute the
Transfer of a majority of the shares of Smith Common Stock held by Smith as of
the date hereof (a "TAG TRANSACTION"), then TCW or any Affiliate of TCW (the
"TAGALONG PARTY") shall have the right to sell to the Transferee, at the same
price per share and otherwise on the same terms and conditions as provided with
respect to the sale by the Transferor to the Transferee, up to the number of
shares of Common Stock (rounded to the nearest whole share) equal to the product
of (i) the total number of shares of Common Stock which the Tagalong Party then
owns and (ii) a fraction with a numerator equal to the number of shares of
Common Stock then proposed to be sold by the Transferor and a denominator equal
to the total number of shares of Common Stock owned by the Transferor as of the
date hereof. The right of the Transferor to sell shall be subject to the
condition that the Transferor shall cause the Transferee that proposes to
purchase the shares of the Transferor to offer to purchase, at the same price
per share and otherwise on the same terms, such number of shares from the
Tagalong Party; PROVIDED, HOWEVER, that if the Transferee is for any reason
unwilling or unable to purchase the aggregate number of shares from the
Transferor to be purchased together with the Tagalong Party desiring to Transfer
shares in such transaction, then the number of shares to be sold by each shall
be proportionally reduced (based on the total

                                        4

<PAGE>

number of shares originally proposed to tag along or be sold) to such number as,
when taken with the number of shares to be sold by each other such party, shall
be equal to the number of shares which such Transferee is willing or able to
purchase (provided that such Transfer shall satisfy the conditions set forth in
the first sentence of this SECTION 3.1). Each Tagalong Party shall only be
entitled to sell shares of Common Stock under this SECTION 3 that it owns as of
the date hereof and any securities acquired after the date hereof concurrently
with securities of the same type acquired by Smith; other securities acquired
after the date hereof in any manner shall not be subject to the tagalong rights
provided in this SECTION 3.

                  3.2      The Transferor shall give written notice to TCW, and
to any Affiliate of TCW to whom TCW has Transferred TCW Common Stock (notice of
which such Affiliate transferees has been given to Smith or any other
Transferor) at least fifteen (15) business days prior to any proposed
Transfer(s) of Common Stock constituting a Tag Transaction. The notice shall
specify the proposed Transferee, the number of shares of Common Stock to be
sold, the amount and type of consideration to be received therefor, and the
place and date on which the sale is to be consummated. If the Tagalong Party
desires to include shares of Common Stock in such sale pursuant to SECTION 3.1,
the Tagalong Party shall be required to notify the Transferor not more than ten
(10) business days after its receipt of the notice required to be delivered by
the Transferor in order to exercise its tagalong rights under SECTION 3.1.

                  3.3      If a Transferor proposes to Transfer to any Affiliate
thereof any of the Smith Common Stock held by such Transferor, then such
Transferor, as a condition to the Transfer, (i) shall cause such Affiliate to
agree to be bound by this Section 3 and such Affiliate shall thereupon be deemed
to be a party hereto and (ii) shall notify TCW of the identity and address of
the Affiliate transferee. The tag along rights set forth in this SECTION 3 shall
not be applicable to transferees of TCW other than to Affiliates of TCW.

                  SECTION 4.        DRAG-ALONG.

                  4.1      If a Transferor sells, other than in a public
offering pursuant to a registration statement, shares of Common Stock held by
such Transferor to a Transferee in one transaction or a series of related
transactions on arms-length terms which constitute the transfer of all of the
Common Stock then owned by Smith and its Affiliates, the Transferor and/or its
affiliates may, at their option, cause TCW (together with any party deemed to be
included in such definition pursuant to SECTION 4.2 below, a "DRAG-ALONG PARTY")
to sell to the Transferee, on the same terms and conditions as provided with
respect to the sale by the Transferor to such Transferee in such transaction,
all shares of Common Stock which the Drag-Along Party then owns (such shares
being "DRAG-ALONG SHARES" and such transaction being a "DRAG-ALONG
TRANSACTION"); PROVIDED, HOWEVER, that: (x) the price for the Drag-Along Shares
may not be lower than the price per share paid to the Transferor in the same or
related transaction; and (y) the consideration for the Drag-Along Shares shall
be paid in cash at the closing of the Drag-Along Transaction(s) unless the
relevant Drag-Along Party consents to payment in a form other than cash or, at
the option of the relevant Drag-Along Party, in the same form of payment as
received by the Transferor.

                  4.2      If TCW or any of its Affiliates (a "TCW ENTITY")
proposes to Transfer to any Affiliate thereof any of the Common Stock held by
such TCW Entity, then such TCW

                                        5

<PAGE>

Entity, as a condition to the Transfer, shall cause such Affiliate to agree to
be bound by this SECTION 4 and such Affiliate shall thereupon be deemed to be a
party hereto and shall notify Smith of the identity and address of such
Affiliate. Thereupon such Affiliate shall also be deemed a "Drag-Along Party"
for purposes of this Agreement. The drag-along rights set forth in this SECTION
4 shall not be applicable to transferees of the Drag-Along Party other than to
other Affiliates of such Drag-Along Party.

                  4.3      To exercise a drag-along right, Transferor shall give
written notice (the "DRAG-ALONG NOTICE") to the Drag-Along Party against whom
the right is to be enforced at least fifteen (15) business days prior to any
proposed Transfer of Common Stock. The notice shall specify the terms of such
Transfer and certify as to the facts supporting exercise of the drag-along right
and include a copy of the contract between the Transferor and Transferee to
consummate the Drag-Along Transfer (the "SALE CONTRACT"), if such a Sale
Contract has been signed . During the Drag-Along Period (as defined below), the
Drag-Along Party in receipt of the Drag-Along Notice may not Transfer any
Securities subject to Transferor's drag-along rights under this SECTION 4 to any
Person other than Transferor or the Transferee. The "Drag-Along Period" shall be
the period commencing on the date the Drag Along Notice is given and terminating
on the earlier of (i) the 120th day following delivery of the Drag-Along Notice
or (ii) the date of termination of the Sale Contract.

                  SECTION 5.        BOARD OF DIRECTORS REPRESENTATION

                  5.1      BOARD OF DIRECTORS REPRESENTATION. From and after the
date hereof, each of Smith and any of its affiliates and successors to the Smith
Common Stock and TCW and any of its affiliates and successors to the TCW Common
Stock who hold Voting Stock shall vote their respective shares of Voting Stock
(including any shares of Voting Stock hereafter acquired, owned or controlled by
such Holder), at any regular or special meeting of shareholders of Inland called
for the purpose of filling positions on the Board, or in any written consent
executed in lieu of such a meeting of shareholders, in such a manner that, and
shall otherwise take all actions in their capacities as shareholders necessary
to ensure that, (i) the Board of Inland consists of six (6) members (unless the
Requisite Holders (as defined in the Exchange and Note Issuance Agreement) have
exercised their rights under the Exchange and Note Issuance Agreement and, as a
result of the failure of a then existing director to resign or otherwise, it is
necessary to increase the size of the Board in order to permit the Requisite
Holders to exercise such rights), (ii) for so long as Smith and its Affiliates
hold not less than a majority of the Common Stock, Smith and its Affiliates, as
a group, shall have the right to appoint not less than two individuals
designated for election to, and be elected to, the Board or, if greater, that
number of individuals representing not less than one third of the members of the
Board, and (iii) for so long as there shall be any TCW Sub Notes outstanding and
the provisions of SECTIONS 5.2, 5.3 and 9.2 of the Exchange and Note Issuance
Agreement are applicable, the Requisite Holders shall have the right to have one
or more individuals designated for election to, and be elected to, the Board as
set forth in and pursuant to Sections 5.2, 5.3 and 9.2 of the Exchange and Note
Issuance Agreement. In the event that either the Requisite Holders of TCW Sub
Notes or Smith has a right to replace a member of each Board designated by the
other party with its own designee, Smith or the Requisite Holders of TCW Sub
Notes (as the case may be) shall take all necessary action in their capacities
as shareholders to cause one of its own designees on the Board to resign

                                        6

<PAGE>

from the Board and to ensure that the individual designated for election by the
other party is elected to the Board.

                  5.2      DIRECTOR COMPENSATION. Except for the Chairman of the
Board, no member of the Board designated by any party shall be entitled to
receive compensation if such member is an employee, an affiliate, or an employee
of an affiliate of Smith or TCW (an "AFFILIATED DIRECTOR"). Subject to Section
5.2 of the Exchange and Note Issuance Agreement, any member of the Board who is
not an Affiliated Director shall be entitled to receive compensation at such
levels as the Board may determine from time to time. Subject to Section 5.2 of
the Exchange and Note Issuance Agreement, one member of the Board designated by
the Requisite Holders of TCW Sub Notes (whether serving on the board of
directors of Inland or any Subsidiary) and one observer designated by the
Requisite Holders of TCW Sub Notes shall be entitled to reimbursement of
reasonable travel and other expenses at a level not less than that received by
other members of the Board.

                  5.3      REPRESENTATION ON BOARD COMMITTEES. Each of Smith and
the Requisite Holders of TCW Sub Notes shall have a right to have the director
designated by Smith and the director or observer designated by the Requisite
Holders of TCW Sub Notes, respectively, be appointed to all committees
established by Inland or Subsidiaries of Inland, including without limitation
the audit committee.

                  5.4      THIRD PARTY BENEFICIARIES. The parties hereto
acknowledge and agree that the Requisite Holders of the TCW Sub Notes are
express third party beneficiaries of this SECTION 5 and shall be entitled to
enforce the provisions hereof. SECTION 6. Waiver of Anti-takeover Rights

                  To the extent permitted by law, TCW and its affiliates and
Smith and its affiliates, expressly waive all rights and claims against TCW or
Inland or Smith or otherwise with respect to the transactions currently
contemplated by the parties hereto or any future or subsequent transactions
under any anti-takeover statutes of applicable law including, but not limited
to, Chapter 19 of the Washington Business Corporation Act (RCW 23B.19.010 -
19.050).

                  SECTION 7.        REPRESENTATIONS AND WARRANTIES

                  7.1      Smith hereby represents, warrants and covenants to
TCW that: (a) Smith owns the Smith Common Stock and no other equity securities
of Inland, (b) Smith is the beneficial holder (and has the contractual right to
become the record holder) of the Smith Common Stock and (c) Smith has neither
sold, assigned, conveyed, transferred or otherwise disposed of, in whole or in
part, its securities constituting all or a portion of the Smith Common Stock,
nor, as of the date hereof, has entered into any agreement to sell, assign,
convey, transfer or otherwise dispose of, in whole or in part, such securities.

                  7.2      TCW hereby represents, warrants and covenants to
Smith that: ( a) TCW owns the TCW Common Stock and no other equity securities of
Inland, (b) TCW is the legal and beneficial holder of the TCW Common Stock and
(c) TCW has neither sold, assigned, conveyed, transferred or otherwise disposed
of, in whole or in part, its securities constituting all or a portion

                                        7

<PAGE>

of the TCW Common Stock, nor, as of the date hereof, has entered into any
agreement to sell, assign, convey, transfer or otherwise dispose of, in whole or
in part, such securities.

                  7.3      Each of the Smith record owners set forth on the
signature pages hereto (the "SMITH RECORD OWNERS") represents that it is a
record owner of certain of the Smith Common Stock beneficially owned by Smith as
of the date hereof, and has agreed to transfer record ownership of such Smith
Common Stock to Smith. Each of the Smith Record Owners agrees that, for so long
as such Smith Record Owner is the record owner of Smith Common Stock
beneficially owned by Smith, (i) Smith shall be deemed to be the record owner of
such Smith Common Stock held by such Smith Record Owner for all purposes under
this Agreement (other than the representations in SECTION 7.1 hereof) and (ii)
such Smith Record Owner shall be bound by all the terms and conditions of this
Agreement on the same basis as Smith.

                  7.4      Inland hereby represents, warrants and covenants to
Smith and TCW, as of the date hereof and immediately thereafter, that the
authorized capital stock of Inland will consist solely of (i) 25,000,000 shares
of Common Stock, of which 2,897,732 shares of will be issued and outstanding and
(ii) 20,000,000 shares of preferred stock, of which no shares will be issued and
outstanding. As of the date hereof and immediately thereafter, all of the
outstanding shares of the Company's capital stock shall be duly authorized,
validly issued, fully paid and nonassessable.

                  SECTION 8.        PREEMPTIVE RIGHTS

                  8.1      Inland hereby grants to TCW and Smith the right to
purchase a pro rata share of New Securities (as defined in this SECTION 8.1)
which Inland may, from time to time, propose to sell and issue. Each of TCW's or
Smith's pro rata share, for purposes of this right, is the ratio of the number
of shares of Common Stock owned by TCW or Smith, as the case may be, immediately
prior to the issuance of the New Securities, to the total number of shares of
Common Stock held by all holders of Common Stock immediately prior to the
issuance of the New Securities. This right shall be subject to the following
provisions:

                  (a)      "NEW SECURITIES" shall mean any capital stock of
Inland whether now authorized or not, and rights, options or warrants to
purchase such capital stock, and securities of any type whatsoever that are, or
may become, convertible into capital stock; PROVIDED that the term "New
Securities" does not include (i) securities issued in connection with a merger,
acquisition, reorganization or other similar transaction undertaken by Inland;
(ii) any borrowings, direct or indirect, from financial institutions or other
persons by Inland, whether or not presently authorized, including any type of
loan or payment evidenced by any type of debt instrument, even if such
borrowings have equity features including warrants, options or other rights to
purchase capital stock and are not convertible into capital stock of Inland;
(iii) securities issued to employees, consultants, officers or directors of
Inland pursuant to any stock option, stock purchase bonus plan, warrant,
agreement or arrangement approved by the Board of Directors; (iv) securities
issued in connection with obtaining lease financing, whether issued to a lessor,
guarantor or other person and such issuance is undertaken for purposes primarily
other than equity financing; (v) securities issued in connection with any stock
split, stock dividend or recapitalization of Inland; and (vi) any right, option
or warrant to acquire any security

                                        8

<PAGE>

convertible into the securities excluded from the definition of New Securities
pursuant to subsections (i) through (v) above.

                  (b)      In the event Inland proposes to undertake an issuance
of New Securities, it shall give TCW and Smith (and their respective Affiliate
transferees of which Inland has received notice of the name and address of such
transferee) written notice of its intention, describing the type of New
Securities, their price and the general terms upon which Inland proposes to
issue same. TCW or Smith (or their respective Affiliates) shall have ten (10)
business days after any such notice is received to agree to purchase TCW's or
Smith's pro rata share of such New Securities for the price and upon the terms
specified in the notice by giving written notice to Inland and stating therein
the quantity of New Securities to be purchased.

                  (c)      In the event TCW or Smith (or their respective
Affiliates) fail to exercise fully the right within said ten (10) business day
period, Inland shall have one hundred eighty (180) business days thereafter to
sell or enter into an agreement (pursuant to which the sale of New Securities
covered thereby shall be closed, if at all, within one hundred eighty (180)
business days from the date of said agreement) to sell the New Securities
respecting TCW's or Smith's (or their respective Affiliate's) right option set
forth in this SECTION 8.1, at a price and upon terms no more favorable to the
purchasers thereof than specified in Inland's notice to TCW and Smith pursuant
to SECTION 8.1(B). In the event Inland has not sold the New Securities within
such one hundred eighty (180) business day period or entered into an agreement
to sell the New Securities in accordance with the foregoing within one hundred
eighty (180) business days from the date of said agreement, Inland shall not
thereafter issue or sell any New Securities, without first again offering such
securities to TCW and Smith (and its Affiliates) in the manner provided in
SECTION 8.1(B) above.

                  (d)      If the preemptive rights under this SECTION 8 are
exercised by the affiliates of TCW or Smith, (i) such affiliates must act
together with TCW or Smith as a group, as applicable, in the exercise of the
rights under this SECTION 8; and (ii) as a condition to the purchase of the New
Securities by such affiliates, each such affiliate must agree to be bound by
SECTION 4 of this Agreement as if it were a party hereto and, if it has not
already done so, it must notify Smith of its identity and address.

                  (e)      The preemptive rights under this SECTION 8 shall not
be assignable by either TCW or Smith other than to a respective affiliate
thereof which also acquires Common Stock therefrom.

                  (f)      The preemptive rights of TCW (and any affiliate
transferee thereof) shall terminate at any time that (i) TCW and its affiliate
transferees collectively own less than 50% of the TCW Common Stock or (ii) as a
result of the failure by TCW (and its affiliate transferees) on one or more
occasions to exercise preemptive rights hereunder, and/or the transfer of TCW
Common Stock by TCW and its affiliates, TCW and its affiliates, collectively,
own shares of Common Stock which constitute less than four percent (4%) of the
Common Stock then outstanding.

                                        9

<PAGE>

                  SECTION 9.        MISCELLANEOUS

                  9.1      ATTORNEY'S FEES AND EXPENSES. If any party hereto
fails to perform any of its obligations under this Agreement, then the
defaulting party shall pay any and all costs and expenses incurred by the other
party on account of such default, including, without limitation, court costs and
reasonable attorneys' fees and disbursements. Any such attorneys' fees and other
expenses incurred by either party in enforcing a judgment in its favor under
this Agreement shall be recoverable separately from and in addition to any other
amount included in such judgment, and such attorneys' fees obligation is
intended to be severable from the other provisions of this Agreement and to
survive and not be merged into any such judgment.

                  9.2      SUCCESSORS AND ASSIGNS; TERMINATION. Except as
otherwise expressly provided herein, this Agreement shall inure to the benefit
of and be binding upon the successors and permitted assigns of the parties
hereto; PROVIDED, HOWEVER, (i) this Agreement shall terminate and not apply when
(a) Common Stock is no longer held by Smith, TCW or their respective affiliates
and (b) no TCW Sub Notes are outstanding, and (ii) any transferee (or successor)
of Voting Stock from Smith during the time any TCW Sub Notes shall be
outstanding shall be bound by SECTION 5 and SECTION 9 hereof and Smith (and
Smith's successors) shall condition any transfer of such Voting Stock on the
prospective transferee's written acknowledgement of the foregoing and agreement
to be bound thereby.

                  9.3      AMENDMENT AND WAIVER, ETC. This Agreement may be
amended, but only with the written consent of each of the parties hereto. No
failure or delay (whether by course of conduct or otherwise) by the parties
hereto in exercising any right, power or remedy which they may have under this
Agreement shall operate as a waiver thereof or of any other right, power or
remedy, nor shall any single or partial exercise by the parties hereto of any
such right, power or remedy preclude any other or further exercise thereof or of
any other right, power or remedy. No waiver of any provision of this Agreement
and no consent to any departure therefrom shall ever be effective unless it is
in writing and signed by each party being adversely affected by such waiver or
consent, and then such waiver or consent shall be effective only in the specific
instances and for the purposes for which given and to the extent specified in
such writing. The remedies provided for herein are cumulative and are not
exclusive of any remedies that may be available to the parties at law or in
equity or otherwise.

                  9.4      COUNTERPARTS. Two or more duplicate originals of this
Agreement may be signed by the parties, each of which shall be an original but
all of which together shall constitute one and the same instrument.

                  9.5      SEVERABILITY. In the event that any one or more of
the provisions contained herein, or the application thereof in any circumstance,
is held invalid, illegal or unenforceable, the validity, legality and
enforceability of any such provision in every other respect and of the remaining
provisions contained herein shall not be affected or impaired thereby.

                  9.6      SPECIFIC PERFORMANCE. Each party recognizes that
money damages may be inadequate to compensate the other parties for a breach
hereunder, and each party irrevocably agrees that the other parties shall be
entitled to the remedy of specific performance or the granting of such other
equitable remedies as may be awarded by a court of competent

                                       10

<PAGE>

jurisdiction in order to afford each party the benefits of this Agreement and
that each party shall not object and hereby waives any right to object to such
remedy or such granting of other equitable remedies on the grounds that money
damages will not be sufficient to compensate the other parties.

                  9.7      NOTICES. All notices, requests, consents, demands and
other communications required or permitted under this Agreement shall be in
writing and shall be deemed sufficiently given or furnished upon delivery, when
delivered by personal delivery, by telecopy, by delivery service with proof of
delivery, or three (3) days after being deposited in the U.S. mail as registered
or certified United States mail, postage prepaid, at the addresses set forth on
the signature pages hereto (unless changed by similar notice in writing given by
the particular person whose address is to be changed).

                  9.8      GOVERNING LAW. This Agreement shall be construed in
accordance with and governed by the law of the State of Washington.

                  9.9      ORIGINAL AGREEMENT; ENTIRE AGREEMENT. Upon execution
of this Agreement by the parties hereto, the Original Agreement shall be
automatically amended and restated in full as provided herein as of the date
hereof. This Agreement constitutes the entire understanding between the parties
with respect to the subject matter hereof, superseding all prior negotiations,
preliminary agreements, correspondence or understandings, written or oral
between the parties with respect to the subject matter hereof. Except as
expressly provided herein, there are no representations or warranties of any
party hereto.

                                       11

<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have executed this
Shareholders Agreement as of the day and year first above written.

                                   INLAND RESOURCES INC.,
                                   a Washington corporation

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

                                   Address for Notices:

                                   410 17th Street, Suite 700
                                   Denver, Colorado  80202
                                   Attention:  Marc MacAluso
                                   Telephone:  (303) 893-0102
                                   Facsimile:  (303) 893-0113

                                   With a Copy To:

                                   Glast, Phillips, Murray & Co.
                                   2200 One Galleria Tower
                                   13355 Noel Road, L.B. 48
                                   Dallas, Texas 75240
                                   Attention:  Michael D. Parsons, Esq.
                                   Telephone:  (972) 419-8311
                                   Facsimile:  (972) 419-8329

<PAGE>

                                   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:

                                   865 South Figueroa Street
                                   Los Angeles, California 90017
                                   Attention:  Arthur R. Carlson
                                   Attention:  Thomas F. Mehlberg
                                   Telephone:  (213) 244-0053
                                   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>

                                   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

                                   With a copy to:

                                   Paul, Weiss, Rifkind, Wharton & Garrison
                                   1285 Avenue of the Americas
                                   New York, New York  10019
                                   Attention:  Judith Thoyer, Esq.
                                   Telephone:  (212) 373-3000
                                   Facsimile:   (212) 757-3990

<PAGE>

                                   ACKNOWLEDGED AND ACCEPTED:

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

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

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

                                   Address for Notices:

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

                                   With Copies To:

                                   TCW Asset Management Company
                                   1000 Louisiana, Suite 2175
                                   Houston, Texas 77002
                                   Attention:  Marc MacAluso
                                   Telephone:  (713) 615-7415
                                   Facsimile:  (713) 615-7460

                                   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

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