Document:

amendmenttrustagreement.htm

     

    Exhibit
10.2

    
 

    THIRD AMENDMENT to INDEMNIFICATION
TRUST AGREEMENT, effective as of June 1st, 2008 ("Third Amendment"), by
and among J.
C. Penney Company, Inc., a Delaware corporation and J. C. Penney Corporation,
Inc., a Delaware corporation and wholly-owned subsidiary of J. C. Penney
Company, Inc. (herein collectively called the "Company"), and JPMorgan Chase
Bank (as successor to Chemical Bank), a bank organized and existing under the
laws of the State of New York, as trustee ("Trustee").

    

    The Company and Trustee have heretofore
executed an Indemnification Trust Agreement, dated as of July 30, 1986, as
amended March 30, 1987 and January 27, 2002 ("Trust Agreement"), for the benefit
of the Indemnitees (as defined on page 1 of the Trust
Agreement).  Pursuant to Section 9(d) of the Trust Agreement, upon the
written consent of the Representatives (as defined in Section 4(a) of the Trust
Agreement), the Company and the Trustee now wish to amend the section of the
Trust Agreement described below to reflect a change in the timing of payment by
the Company to each Representative of his or her annual fee under the Trust
Agreement.

    

    NOW, THEREFORE, the Company and the
Trustee agree that:

    

    
      	
              1.  

            	
              Section
      4(e) of the Trust Agreement shall be amended and restated in its entirety
      as follows:

            

    

    

    (e)  In
consideration for their services hereunder to the beneficiaries hereof, each
Representative shall be paid by the Company an annual fee of $5,000 (payable
monthly in arrears for each full or partial month of service as a Representative
or by such other payment method that the Company deems appropriate), plus $600
for attendance at each meeting (whether by presence in person or by means of
conference telephone or similar communications equipment) of Representatives
regarding any matter relating to this Trust Agreement, and shall be reimbursed
for expenses of meeting attendance.

    

    
      	
              2.  

            	
              This
      Third Amendment may be executed in one or more counterparts, each of which
      shall be deemed an original, but all of which taken together constitute
      one and the same instrument.

            

    

    

    
      	
              3.  

            	
              This
      Third Amendment shall be governed by, and construed in accordance with,
      the laws of the State of New York.

            

    

    

    

    

    

    [Remainder
of page intentionally left blank.  Signature page
follows.]

    

    
      
        
        

      

      
        
        

        
        

      

      
        
        

      

    

    IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Third
Amendment as of the date(s) set forth below.

    

    

    J. C. PENNEY COMPANY,
INC.

    

    ATTEST                                                          By   /s/ Jeffrey J.
Vawrinek                                                 

    Name   Jeffrey J.
Vawrinek      Title   Acting Secretary                                                             

    Date   May 20,
2008                                                            

    By  /s/ Charlotte M.
Thacker                                                     

    Name   Charlotte M.
Thacker                                                             

    Title   Manager - Office of the
Coporate

            
Secretary & Assistant
Secretary                                                             

    Date  May 20,
2008                                                              

    

    

    J.
C. PENNEY CORPORATION, INC.

    

    ATTEST                                                          By   /s/ Jeffrey J.
Vawrinek                    

    Name  Jeffrey J.
Vawrinek                       

    Title   VP, Associate General
Counsel    

                                    and Acting
Secretary                        

    Date    May 20,
2008                                                            

    By   /s/ Charlotte M.
Thacker                    
                                 

    Name   Charlotte M.
Thacker                    
                                           

    Title     Manager -
Office of the Corporate  

               Secretary & Assistant
Secretary       
                                                      

    

    Date    May 20,
2008                                                            

    

    

    JPMORGAN CHASE BANK

    

    ATTEST                                                          By     /s/ Janet
Hudnall                                                   

    Name  Janet
Hudnall                     
                                         

    Title     Vice President
& Senior         

                                        Fiduciary
Officer                
Date   5/9/2008                                                            

    By   /s/ Allison T.
Heath                                                    

    Name  Allison
T. Heath                          
                                    

    Title   Vice President &
Fiduciary Officer
                                                             

    Date   5/9/2008                                     
                      

    
      
        
           

        

         

      

      
         

        
        

      

      
         

      

    

    CONSENT
OF THE REPRESENTATIVES

    

    Third
Amendment to

    Indemnification
Trust Agreement,

    effective
as of June 1st, 2008

    

    

    We, the undersigned, being
Representatives, as defined in the Indemnification Trust Agreement between J. C.
Penney Company, Inc., J. C. Penney Corporation, Inc. and JPMorgan Chase Bank (as
successor to Chemical Bank), dated as of July 30, 1986, as amended March 30,
1987 and January 27, 2002, hereby approve the Third Amendment to Indemnification
Trust Agreement, effective as of June 1st, 2008.

    

    

    Dated
as of the date(s) set forth below.

    

    

    By        /s/ Colleen C. Barrett                                      

    Name       Colleen
C. Barrett     

    Date         
5/9/2008             

    

    

    By       /s/ Thomas J. Engibous   

    Name       Thomas J. Engibous  

    Date         
5/9/2008        
       

    

    

    

    By       /s/ Burl
Osborne                      

    Name       Burl Osborne      

    Date        
5/9/2008                     

    

    

    

    By       /s/ R. Gerald Turner                  

    Name       R. Gerald Turner   

    Date        
5/9/200820-F

Exhibit 4.2  

GUILDHALL MINERALS
LTD.

320 – 1100 Melville Street

Vancouver, B.C. V6E 4A6

phone: (604) 688-3931; fax:
(604) 688-2921

Nicoya
Explorations Ltd.

6237
Nelson Avenue

West Vancouver, BC

V7W 2A2

EXTENSION AGREEMENT

We are
parties to an Option Agreement dated February 20, 2007 (“Agreement”) pursuant
to which
you have optioned to this company British Columbia mineral claim “Bridge” –
Tenure No. 374400 (“Claim”). Clauses 2 and 3 of the Agreement provide that
Guildhall is to issue certain shares to you and expend minimum amounts of money on the Claim
on or before various dates, the
first of which was February 15, 2008. We acknowledge that we have not issued
the shares to you, nor done the minimum required work on the Claim and we have
mutually agreed to an extension of the
deadline for the fulfillment of those obligations as hereinafter provided.

In
consideration of the sum of $1,000 paid to you by Guildhall (the receipt of
which you hereby acknowledge)
we mutually agree that each of the dates contained in sub-clauses (c), (d) and
(e) of Clause 2, and (b) and (c) of Clause 3, are extended by one year so that
the first of such dates shall now hereafter
be February 15, 2009.

DATED
at Vancouver, BC effective March 20, 2008.

	
 

	
 

	
 

	
 

	
GUILDHALL
  MINERALS LTD.

	
 

	
 

	
 

	
 

	
 

	

	
 

	

Per:

	

AGREED:

NICOYA
EXPLORATIONS LTD.

	
 

	
 

	
 

	

	
Per:20-F

Exhibit 4.3  

GUILDHALL
MINERALS LTD.
320 -
1100 Melville Street 
Vancouver, B.C.
V6E 4A5 
Tel: (604) 688-3931 
Fax: (604) 688-2921

May 1, 2008

British
American Natural Gas Corporation 
520 Post Oak Blvd., Suite 275 
Houston, Texas, USA
77027

Attention:
          Mr. David Melman,
Pres. & CEO

LETTER OF INTENT

          WHEREAS Guildhall Minerals Ltd.
(“Guildhall”) is a British Columbia company, the shares of which are listed for
trading on the NEX board (“NEX”) of the TSX Venture Exchange (the “TSXV”) in Canada. Guildhall is a reporting
issuer in the provinces in British Columbia and Alberta. It is also registered with the U.S.
SEC pursuant to the filing of a 20-F Registration Statement. The shares are
also quoted for trading on the NASD OTC Bulletin Board. It has 16,643,012 voting
common shares issued. It has no other shares issued. Its authorized capital
consists of an unlimited number of voting common shares without par value. It has approximately
$625,000 cash on hand and no debts except current trade debts.

          AND WHEREAS Guildhall is restructuring
itself to engage in oil and gas exploration, development and production.

          AND WHEREAS Guildhall has agreed to acquire
First West Petroleum Inc. (“First West”) for the
issuance of 26,000,000 shares of Guildhall Common Stock in order to acquire
producing oil and gas assets in Canada.

          AND WHEREAS British American Natural Gas
Corporation (“BANG”) is a private Nevada company which is the owner of
interests in concessions (“Interests”) covering approximately 11,400,000 acres
onshore and offshore Mozambique – which are held in four wholly owned
subsidiary corporations, three incorporated in Mauritius and one in The
Bahamas.

          AND WHEREAS Guildhall wishes to acquire
BANG for the exploration potential of its Interests.

          AND WHEREAS BANG has maturing contractual
obligations with respect to funding participation in one exploration well and
potentially two appraisal wells to be drilled on the Interests which will require a
$2,000,000 loan to be available by June 17, 2008 (the “Interim Funding”).

          AND WHEREAS BANG has 9,361,597 shares of
Common Stock issued and outstanding held by 22 registered or beneficial
shareholders which are to be acquired by Guildhall for the issuance of 46,807,985 shares of Guildhall Common Stock.

          AND WHEREAS BANG has 2,080,345 Preferred
Stock issued and outstanding (“BANG Preferred Shares”), the holders of which have the right to convert them
into shares of Common Stock or which are automatically converted to or
exchanged for shares of Common Stock on the occurrence of certain events – and
it is expected that the within agreement will trigger the exchange of such
shares for 10,401,725 shares of Guildhall
Common Stock.

          AND WHEREAS BANG also has warrants outstanding
(“BANG Warrants”) to purchase shares of BANG Common Stock which will be exchanged for
new warrants to acquire 7,634,930 shares of Guildhall Common Stock at $0.75 per share.

          AND WHEREAS David Melman (“Melman”), the
President and Chief Executive of BANG, holds options to purchase 900,000 shares of BANG
Common Stock which options are to be exchanges for options to purchase 4,500,000 shares of
Guildhall Common Stock at a price of $0.75 per share.

          AND WHEREAS BANG’s legal and tax advisors
have advised that the preferred way of effecting the acquisition of BANG by Guildhall is for Guildhall to
purchase all issued and outstanding shares
of BANG in consideration for the issuance and allotment of 57,209,710 of
Guildhall Common Stock (the “Acquisition”).

          AND WHEREAS concurrently with the closing
of Guildhall’s acquisition of First West and BANG, the parties wish
for Guildhall to graduate to the Toronto Stock Exchange (the “Exchange”).

          AND WHEREAS it is recognized that, to have
the within transaction accepted by the Exchange, the TSXV and NEX, as the case
may be, Guildhall will have to present to the Exchange, the TSXV and NEX, as the case may be, at least:

	
 

	
 

	
 

	
(a)     a report on all or a
  portion of the Interests prepared in compliance with the requirements of Canadian National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI
  51-101”);

	
 

	
 

	
 

	
(b)     financial
  statements of BANG audited to December 31, 2007 with comparative figures for the two previous years;

	
 

	
 

	
 

	
(c)     a sponsorship
  agreement;

	
 

	
 

	
 

	
(d)     Form 4 Personal Information Forms completed by
  the persons who will be the directors, officers and insiders of Guildhall
  upon the completion of the within transaction.

          NOW THEREFORE for good and valuable
consideration, the receipt and sufficiency of which we hereby acknowledge the
Parties hereto agree that:

	
 

	
 

	
1.

	
Guildhall
  is to enter into a support agreement with First West and a lock up agreement
  with each of Chris Wright and Sam Davaraj (together, the “FW Controlling
  Shareholders”), whereby Guildhall agrees to purchase all of the issued and
  outstanding share capital of First West and the FW Controlling Shareholders
  agree to tender their shares to a formal take-over bid of First West by Guildhall.

	
 

	
 

	
2.

	
Guildhall
  will initiate an application to have the common shares of Guildhall listed on
  the Exchange
  and to have the within transaction approved by the Exchange and will, in that
  respect, comply
  with the requirements of the Exchange. If Guildhall does not meet the listing
  requirements
  of the Exchange, Guildhall will initiate an application to have the common
  shares of Guildhall
  listed on the TSXV and to have the within transaction approved by the TSXV
  and will, in that respect, comply with the requirements of the TSXV.
  Guildhall will also comply with the reactivation and other applicable rules of NEX.

- 2 -

	
 

	
 

	
3.

	
Guildhall
  will hold a Special Meeting of its shareholders and seek approval of the
  within transaction and if applicable, the acquisition of First West,
  including listing of its common shares on the Exchange or the TSXV, as the case may be, the subdivision of
  its issued shares on a 1.5 new for 1.0 old
  basis so that Guildhall has 24,964,518 shares issued and outstanding, the name
  change to British American Natural
  Gas Corporation and appointment of up to six directors, including four nominees chosen by BANG.

	
 

	
 

	
4.

	
Guildhall will seek and
  secure not less than the requisite special majority approval of Guildhall
  shareholders in support of the within transaction and ancillary actions
  described in paragraph 3 above.

	
 

	
 

	
5.

	
Intentionally
  Deleted.

	
 

	
 

	
6.

	
BANG
  and Melman will seek to have 100% of the BANG Preferred Shares converted to
  BANG Shares
  so that, upon the closing of the within transaction, BANG will have no
  outstanding Preferred
  shares.

	
 

	
 

	
7.

	
BANG
  and Melman will seek and secure not less than a 67% vote in support of the
  within transaction by
  the shareholders of BANG.

	
 

	
 

	
8.

	
All issued and outstanding
  BANG Warrants shall be exchanged for replacement warrants issued by Guildhall to purchase 7,634,930 shares of
  Guildhall Common Stock at $0.75 per Guildhall share.

	
 

	
 

	
9.

	
Guildhall
  will use its best efforts to engage brokers to secure purchasers for not less
  than 26,666,666
  nor more than 40,000,000 shares of Guildhall Common Stock at a price of not
  less than $0.75 per share to
  provide Guildhall with gross proceeds of at least $20,000,000 nor more than $30,000,000, such share sales to close
  prior to the closing of the Acquisition (the “Financing”). BANG and Guildhall shall pay to such brokers a cash
  commission of 8% of the gross
  proceeds of the Financing and broker warrants exercisable for 10% of the
  number of shares of Guildhall Common Stock issued pursuant to the
  Financing at $0.75 per share.

	
 

	
 

	
10.

	
BANG
  shall retain an independent qualified reserves evaluator or auditor (as those
  terms are defined in NI 51-101) to prepare a report on all or a portion of the
  Interests in compliance with NI
  51-101.

	
 

	
 

	
11.

	
If the
  closing of the Acquisition does not occur on or prior to June 16, 2008,
  Guildhall will secure and advance to BANG the funds required by BANG to meet
  the Interim Funding requirement. Should
  Guildhall be unable to make such advance, the intended transaction as
  described herein shall be deemed
  terminated with no further liability to anyone of Guildhall, First West or
  BANG.

	
 

	
 

	
12.

	
Melman
  will surrender the 900,000 BANG options he holds and Guildhall will,
  concurrently with the closing of the Acquisition, grant him an option to
  acquire 4.5 million shares of Guildhall Common Stock on substantially the same terms as
  the BANG options currently issued to Melman, except that the exercise price shall be
  $0.75 per share provided that the offering described in paragraph 9 is not at a lower price.
  One half of the newly issued options will be fully vested upon the grant date, 25% shall vest
  on January 1, 2009 and the remaining 25% shall vest on January 1, 2010.

- 3 -

	
 

	
 

	
13.

	
All of
  the Parties agree to undertake the satisfaction of their responsibilities and
  obligations expeditiously with a view to having the within Agreement documented,
  accepted by the Exchange or the
  TSXV, as the case may be, and closed at the earliest reasonable date.

	
 

	
 

	
14.

	
It is
  acknowledged that the closing of the acquisition by Guildhall of First West,
  the Financing referred to in paragraph 9 and the closing of the within Agreement are
  to occur sequentially following
  the Exchange’s, or the TSXV’s, as the case may be, acceptance of the
  transactions.

	
 

	
 

	
15.

	
To the extent that neither
  the TSX nor the TSXV policies impose a hold period on the shares of Guildhall Common Stock issued to First West
  shareholders, concurrently with the closing of the acquisition of First West,
  Guildhall shall enter into lock-up agreements with the FW Controlling Shareholders to the effect that neither
  shareholder will offer, sell, contract to sell, pledge or otherwise
  dispose of, (or enter into any transaction which is designed to, or might
  reasonably be expected to, result in the
  disposition by such shareholder or any affiliate of such shareholder), directly or indirectly, any shares of Guildhall
  Common Stock or any securities convertible into, or exercisable or exchangeable for shares of
  Guildhall Common Stock, or publicly announce an intention to effect any such transaction, for
  the period commencing on the closing date and ending on the date that
  is 90 days after the closing date.

	
 

	
 

	
16.

	
Intentionally
  Deleted.

	
 

	
 

	
17.

	
BANG
  will deliver year end December 31, 2007 financial statements audited pursuant
  to US GAAP standards by
  April 30, 2008.

	
 

	
 

	
18.

	
BANG is to expeditiously
  complete due diligence, to be conducted by such counsel, geological consultants, and financial consultants as it,
  in its absolute and sole discretion, chooses to retain to examine the
  business affairs and financial affairs of Guildhall and of First West, and
  the title to and geologic viability of
  the First West Assets;

	
 

	
 

	
19.

	
Each of the Parties agrees
  to negotiate in good faith to structure the Acquisition in the most tax effective manner to BANG, its shareholders,
  Guildhall and its shareholders. The obligation of BANG to complete the Acquisition is conditional
  upon BANG receiving an opinion of counsel of its choice that the Acquisition will be tax-free in the United States
  and Canada for BANG shareholders.

	
 

	
 

	
20.

	
Each of
  the Parties shall be responsible for its own fees and expenses in connection
  with the Acquisition.

	
 

	
 

	
21.

	
Time
  is of the essence in this Agreement.

- 4 -

	
 

	
 

	
22.

	
This
  Agreement shall be governed by the laws of the Province of British Columbia
  and the federal laws of
  Canada applicable therein. Each of the parties agrees to attorn to the
  exclusive jurisdiction of the courts of British Columbia.

AGREED TO effective this 21st
day of May, 2008.

	
 

	
 

	
 

	
GUILDHALL MINERALS LTD.

	
 

	
 

	
 

	
 

	
Per:

	

	
 

	
 

	

	
 

	
 

	
Michael M.D. Laidlaw,
  President

	
 

	
 

	
 

	
 

	
BRITISH AMERICAN NATURAL GAS 

  CORPORATION

	
 

	
 

	
 

	
 

	
Per:

	

	
 

	
 

	

	
 

	
 

	
David
  A. Melman, President and CEO

	
 

- 5 -

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