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EXHIBIT 10.29    
  

Youbet.com, Inc.

5901 DeSoto Avenue

Woodland Hills, California 91367 

May 9,
2001 

Robert
M. Fell

Fell & Company, Inc.

3453 Padaro Lane

Carpinteria, California 93013 

Dear
Bob:

    The
Compensation Committee of the Board of Directors on April 12, 2001 and the Board of Directors on May 9, 2001 have approved the following amendments to the Amended
and Restated Services Agreement dated as of March 1, 1999 (the "Services Agreement") between Fell & Company, Inc. ("FCI") and Youbet.com, Inc. (the "Company") as set forth
below. Capitalized terms used herein without definition shall have the meanings set forth in the Services Agreement. All of the provisions of this letter agreement are subject to the execution of the
proposed licensing agreement with ODS Technologies, L.P. and ODS Properties, Inc. and the related agreements under discussion (collectively, the "TVG Agreement"), and none of such provisions
will become effective unless the TVG Agreement is so executed. 

	1.
	Upon
the execution of the TVG Agreement, the Base Fee will be increased by one hundred fifty thousand dollars ($150,000) retroactive to March 8, 2000.

	2.
	After
the Company shareholders meeting relating to the authorization of certain warrants in connection with the TVG Agreement, FCI will be permitted to terminate the Services
Agreement by giving notice to the Company within 90 days after the date of such shareholders meeting.

	3.
	If
FCI terminates the Service Agreement as provided in paragraph 2 hereof, FCI will be entitled to receive a lump sum payment of two times the Base Fee (as increased pursuant
to paragraph 1 hereof). Such payment will be payable to FCI within five days after the termination of the Services Agreement. In addition, the Company will continue to provide the benefits
described in Section 3 C and D of the Service Agreement for a period of two years following the termination thereof if the Services Agreement is terminated as provided in paragraph 2
hereof. Any unvested stock options held by Robert M. Fell, the Robert M. Fell Living Trust and/or FCI (collectively, "Fell") will also immediately vest in full.

	4.
	Subject
to the execution of the TVG Agreement, upon expiration or termination of the Services Agreement, as the case may be, and if Robert M. Fell is not serving as a director of
the Company, Mr. Fell agrees to serve as a consultant to the Company through May 9, 2003. Such consulting services shall be at the request of the Company, upon mutually agreeable times,
not to exceed ten hours per month, and Mr. Fell shall not receive any additional compensation for such services. In addition, subject to the execution of the TVG Agreement, at the request of
the Board of Directors, Mr. Fell agrees to serve as Chairman of the Board of Directors through May 9, 2002.

	5.
	The
Company has converted the term life insurance policy on Mr. Fell described in the Services Agreement to a whole life policy. The Company will make all payments required
under the policy during the term of the Services Agreement. In addition, if the Services Agreement is terminated as provided in paragraph 2 hereof, the Company will continue to pay all premiums
required to be paid thereunder for two years following the termination of the Services Agreement. 

	6.
	Upon
the execution of the TVG Agreement, the Company will amend the exercise price of seven hundred and fifty thousand (750,000) Company warrants, previously issued to Fell, to the
market price as of April 12, 2001, determined by calculating the average closing price of the underlying stock for the ten (10) trading days prior to such date.

	7.
	Additionally,
upon the execution of the TVG Agreement, the Company will amend the respective exercise prices of any remaining Company warrants and options, previously issued to
Fell, to the current market price at that time, determined by calculating the average closing price of the underlying stock for the ten (10) trading days subsequent to the date the TVG
Agreement is publicly announced. 

    The
Company will cooperate with FCI to minimize the tax consequences arising from the foregoing amendments. 

    Except
as amended hereby, the Services Agreement will remain in full force and effect. Please evidence your approval with the foregoing amendments by executing a copy of this letter
and returning it to the undersigned. 

	

 	
 	

Very truly yours,
	

 	
 	

 Caesar P. Kimmel
	

Agreed and Accepted:	
 	

 
	

Fell & Company, Inc.	
 	

 
	

 Robert M. Fell

Youbet.com, Inc.

5901 DeSoto Avenue

Woodland Hills, California 91367

	
 	

 

Youbet.com, Inc.

5901 DeSoto Avenue

Woodland Hills, California 91367 

As
of June 29, 2001 

Robert
M. Fell

Fell & Company, Inc.

3453 Padaro Lane

Carpinteria, California 93013 

Dear
Bob: 

    This
letter is made with reference to that certain letter agreement (the "May 9 Letter") dated May 9, 2001, by and between Fell & Company, Inc. ("FCI") and
Youbet.com, Inc. (the "Company"), with respect to amendments to the Amended and Restated Services Agreement dated as of March 1, 1999 (the "Services Agreement") between FCI and the
Company. Capitalized terms used herein without definition shall have the meanings set forth in the May 9 Letter. The May 9 Letter is amended as follows: 

	8.
	Numbered
paragraph 2 of the May 9 Letter is amended to read in its entirety as follows: 

"After
the Company shareholders meeting relating to the authorization of certain warrants in connection with the TVG Agreement, FCI will be permitted to terminate the Services Agreement by giving
notice to the Company within one year after the date of such shareholders meeting." 

	9.
	Numbered
paragraphs 6 and 7 are deleted in their entirety and replaced with the following paragraph: 

"The
Company will amend the exercise price of the one million two hundred thousand (1,200,000) Company warrants and three hundred thousand Company options, previously issued to Fell, to provide for an
exercise price of $1.09 per share, the closing price of the underlying stock on the Nasdaq National Market on June 29, 2001." 

    Except
as amended by this letter, the May 9 Letter and the Services Agreement will remain in full force and effect. Please evidence your approval with the foregoing amendments
by executing a copy of this letter and returning it to the undersigned. 

	

 	
 	

Very truly yours,
	

 	
 	

 Caesar P. Kimmel
	

Agreed and Accepted:	
 	

 
	

Fell & Company, Inc.	
 	

 
	

 Robert M. Fell

	
 	

 

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EXHIBIT 10.29<Page>

                                                                     Exhibit 4.1

                                                                  EXECUTION COPY

                  FIRST AMENDMENT TO COMBINED CREDIT AGREEMENTS

         THIS FIRST AMENDMENT TO COMBINED CREDIT AGREEMENTS, dated as of May 24,
2001 (the "AMENDMENT"), is by and among Forest Oil Corporation, a New York
corporation (the "U.S. BORROWER"), Canadian Forest Oil Ltd. and each other
subsidiary of Canadian Forest which becomes a "Borrower" (as defined in the
Canadian Credit Agreement) under the Canadian Credit Agreement (the "CANADIAN
BORROWERS"), each of the lenders that is a signatory to, or which becomes a
signatory to, the U.S. Credit Agreement (together with its successors and
assigns, the "U.S. LENDERS"), each of the lenders that is a signatory to, or
which becomes a signatory to, the Canadian Credit Agreement (together with its
successors and assigns, the "CANADIAN LENDERS", and together with the U.S.
Lenders, the "COMBINED LENDERS"), Bank of America, N.A., as U.S. Syndication
Agent, Citibank, N.A., as U.S. Documentation Agent, The Chase Manhattan Bank of
Canada, as Canadian Administrative Agent, Bank of Montreal, as Canadian
Syndication Agent, The Toronto-Dominion Bank, as Canadian Documentation Agent,
and The Chase Manhattan Bank, as Global Administrative Agent (in such capacity,
together with its successors in such capacity, the "GLOBAL ADMINISTRATIVE
AGENT").

                              W I T N E S S E T H:
                              - - - - - - - - - -

         1.       The U.S. Borrower, Global Administrative Agent, the U.S.
Syndication Agent, the U.S. Documentation Agent, and the U.S. Lenders are
parties to that certain Credit Agreement dated as of October 10, 2000 (the "U.S.
CREDIT AGREEMENT"), pursuant to which the U.S. Lenders agreed to make loans to
and extensions of credit on behalf of the U.S. Borrower.

         2.       The Canadian Borrowers, Global Administrative Agent, the
Canadian Administrative Agent, the Canadian Syndication Agent, the Canadian
Documentation Agent, and the Canadian Lenders are parties to that certain Credit
Agreement dated as of October 10, 2000 (the "CANADIAN CREDIT AGREEMENT", and
together with the U.S. Credit Agreement, the "COMBINED CREDIT AGREEMENTS"),
pursuant to which the Canadian Lenders agreed to make loans to and extensions of
credit on behalf of the Canadian Borrowers.

         3.       The parties to the Combined Credit Agreements intend to amend
the Combined Credit Agreements as follows:

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, the parties hereto agree as follows:

         I.       AMENDMENTS TO U.S. CREDIT AGREEMENT.

         A.       Section 1.01 of the U.S. Credit Agreement hereby is amended by
inserting the following definitions of "Senior Notes" and "Senior Notes
Document" in appropriate alphabetical order:
<Page>

         "        "SENIOR NOTES" means any unsecured Indebtedness incurred or
         assumed after the date of this Agreement (other than Subordinated
         Indebtedness) of Borrower or its Restricted Subsidiaries and any
         Guarantees thereof which has terms (including interest, amortization,
         covenants and events of default), not more onerous to Borrower and its
         Restricted Subsidiaries than those contained in the Combined Loan
         Documents."

         "        "SENIOR NOTES DOCUMENT" means the indentures or other
         agreements under which any Senior Notes are issued and all other
         instruments, agreements and other documents evidencing or governing
         such Senior Notes or providing for any Guarantee or other right in
         respect thereof."

         B.       SECTION 5.2(a)(iii) of the U.S. Credit Agreement hereby is
amended in its entirety to read as follows:

         "        (a)    the incurrence, or any proposed incurrence, of
         Subordinated Indebtedness or Senior Notes by Borrower or any of its
         Restricted Subsidiaries; and".

         C.       SECTION 7.1(a) of the U.S. Credit Agreement hereby is amended
by (i) amending SUBSECTION (ii) thereof in its entirety to read as follows:

         "        (ii)    Senior Notes or Subordinated Debt with an aggregate
         principal amount outstanding not to exceed the sum of U.S.$200,000,000
         LESS any increase in the principal amount of Subordinated
         Indebtedness-10-1/2% Senior Subordinated Notes not otherwise permitted
         under SECTION 7.1(a)(iii) in excess of the principal amount for such
         notes set forth on SCHEDULE 7.1(a), PROVIDED, that the aggregate
         principal amount outstanding for all Senior Notes shall not exceed at
         any time U.S.$400,000,000;",

and (ii) amending SUBSECTION (iii) thereof in its entirety to read as follows:

         "        (iii)    Indebtedness existing on the date hereof and set
         forth in SCHEDULE 7.1(a), and any Senior Notes or Subordinated
         Indebtedness ("REFINANCING INDEBTEDNESS") issued in exchange for or the
         proceeds of which are used to repay, refund, refinance or discharge or
         otherwise retire any Indebtedness set forth on SCHEDULE 7.1(a)
         ("REFINANCED INDEBTEDNESS"), PROVIDED that such Refinancing
         Indebtedness shall not exceed the principal amount (other than through
         the capitalization of premiums, fees, expenses and interest on the
         Refinanced Indebtedness) of the Refinanced Indebtedness as of the date
         of this Agreement;".

         D.       SECTION 7.1(c)(i) of the U.S. Credit Agreement hereby is
amended by replacing each use of "U.S.$100,000,000" with "U.S.$150,000,000".

                                       2
<Page>

         E.       SECTION 7.4(h)(ii) of the U.S. Credit Agreement hereby is
amended by replacing each use of "U.S.$60,000,000" with "U.S.$150,000,000".

         F.       SECTION 7.5(f) of the U.S. Credit Agreement hereby is amended
in its entirety to read as follows:

         "        (f)    the sale, transfer or other disposition in one or more
         transactions of Property (other than Equity Interests in Restricted
         Subsidiaries) not constituting (i) if the Applicable Rating Level is
         Level III, Borrowing Base Properties, (ii) if the Applicable Rating
         Level is Level II, Mortgaged Properties and Oil and Gas Properties
         given value in the calculation of Present Value or (iii) if the
         Applicable Rating Level is Level I, Mortgaged Properties; PROVIDED that
         the aggregate value of such Property so sold, transferred or disposed
         of during any twelve (12) month period does not exceed (A) if the
         Applicable Rating Level is Level I or Level II, U.S.$75,000,000 or (B)
         if the Applicable Rating Level is Level III, U.S.$50,000,000; and".

         G.       SECTION 7.5(g) of the U.S. Credit Agreement hereby is amended
in its entirety to read as follows:

         "        (g)    the sale, transfer or other disposition in one or more
         transactions of Property constituting either Equity Interests in
         Restricted Subsidiaries or Properties which are (i) if the Applicable
         Rating Level is Level III, Borrowing Base Properties, (ii) if the
         Applicable Rating Level is Level II, Mortgaged Properties and Oil and
         Gas Properties given value in the calculation of Present Value or (iii)
         if the Applicable Rating Level is Level I, Mortgaged Properties,
         PROVIDED that, during any time when the Applicable Rating Level is
         Level III, if the aggregate fair market value of such Property so sold,
         transferred or disposed of during the period since the most recent
         redetermination of the Global Borrowing Base shall exceed 10% of the
         amount of the then current Borrowing Base, then the Borrowing Base
         shall be reduced by an amount equal to value assigned such Property in
         the most recently prepared Reserve Reports (or if such no such value
         was assigned, by an amount to be agreed upon by Borrower and the
         Technical Lenders), and PROVIDED FURTHER that, during any time when the
         Applicable Rating Level is Level II, if the aggregate fair market value
         of such Property so sold, transferred or disposed of during the period
         since the most recent redetermination of the Present Value shall exceed
         10% of the amount of the then current Present Value, then the Present
         Value shall be reduced by an amount equal to value assigned such
         Property in the most recent calculation of the Present Value (or if
         such no such value was assigned, by an amount to be agreed upon by
         Borrower and the Technical Lenders)."

         H.       SECTION 7.8(b)(iv) of the U.S. Credit Agreement hereby is
amended in its entirety to read as follows:

                                       3
<Page>

         "        (iv)    purchase any Subordinated Indebtedness with the
         proceeds of any Loans or the proceeds of any sale of Equity Interests,
         Senior Notes or Refinancing Indebtedness."

         I.       SUBSECTION (i) of the first proviso of SECTION 7.10 of the
U.S. Credit Agreement hereby is amended in its entirety to read as follows:

         "(i) the foregoing shall not apply to restrictions and conditions
         imposed by law or by any Combined Loan Document, any Senior Notes
         Document or any Subordinated Indebtedness Document,".

         J.       The U.S. Credit Agreement hereby is amended by replacing
SCHEDULE 7.5 to the Credit Agreement with SCHEDULE 7.5 to this Amendment.

         II.      AMENDMENTS TO CANADIAN CREDIT AGREEMENT.

         SUBSECTION (i) of the first proviso of SECTION 7.2 of the Canadian
Credit Agreement hereby is amended in its entirety to read as follows:

         "(i) the foregoing shall not apply to restrictions and conditions
         imposed by law or by any Combined Loan Document, any Senior Notes
         Document or any Subordinated Indebtedness Document,".

         III.     EFFECTIVENESS. This Amendment shall become effective as of the
date hereof when the Global Administrative Agent shall have received
counterparts hereof duly executed by the U.S. Borrower, the Canadian Borrowers,
the Global Administrative Agent and at least the Required Lenders (or, in the
case of any party as to which an executed counterpart shall not have been
received, telegraphic, telex, or other written confirmation from such party of
execution of a counterpart hereof by such party).

         IV.      REAFFIRMATION OF REPRESENTATIONS AND WARRANTIES. To induce the
Combined Lenders and the Global Administrative Agent to enter into this
Amendment, the U.S. Borrower and the Canadian Borrowers hereby reaffirm, as of
the date hereof, the following:

                  (i)      The representations and warranties of each Loan Party
         (as such term is defined in the U.S. Credit Agreement and the Canadian
         Credit Agreement, collectively, the "COMBINED LOAN PARTIES") set forth
         in the Combined Loan Documents to which it is a party are true and
         correct on and as of the date hereof (or, if stated to have been made
         expressly as of an earlier date, were true and correct in all material
         respects as of such date).

                  (ii)     Each of the U.S. Borrower and its Restricted
         Subsidiaries is duly organized, validly existing and in good standing
         under the laws of the jurisdiction of its organization, has all
         requisite power and authority to carry on its business as now conducted
         and, except where the failure to do so, individually or in the
         aggregate, could not reasonably be expected

                                       4
<Page>

         to result in a Material Adverse Effect, is qualified to do business in,
         and is in good standing in, every jurisdiction where such qualification
         is required.

                  (iii)    The execution, delivery and performance by U.S.
         Borrower of this Amendment and each other Combined Loan Document
         executed or to be executed by it, and the execution, delivery and
         performance by each other Combined Loan Party of this Amendment and
         each other Combined Loan Document executed or to be executed by it, are
         within U.S. Borrower's and each such Combined Loan Party's corporate,
         limited liability company and/or partnership powers, and have been duly
         authorized by all necessary corporate, limited liability company and/or
         partnership action, and if required, stockholder, member and/or partner
         action. This Amendment and each other Combined Loan Document executed
         or to be executed by it has been duly executed and delivered by U.S.
         Borrower and constitutes, and this Amendment and each other Combined
         Loan Document executed or to be executed by any Combined Loan Party,
         when executed and delivered by such Combined Loan Party, will
         constitute, a legal, valid and binding obligation of U.S. Borrower or
         such Combined Loan Party (as the case may be), enforceable in
         accordance with their respective terms, subject to applicable
         bankruptcy, insolvency, reorganization, moratorium or other laws
         affecting creditors' rights generally and subject to general principles
         of equity, regardless of whether considered in a proceeding in equity
         or at law.

                  (iv)     The execution, delivery and performance by the U.S.
         Borrower of this Amendment and each other Combined Loan Document
         executed or to be executed by it, and the execution, delivery and
         performance by each other Combined Loan Party of this Amendment and
         each Loan Document executed or to be executed by such Combined Loan
         Party, (a) do not require any Governmental Approval or third party
         approvals, except such as have been obtained or made and are in full
         force and effect and except filings necessary to perfect Liens created
         under the Combined Loan Documents, (b) will not violate any applicable
         Governmental Rule or the Organic Documents of U.S. Borrower or any such
         Combined Loan Party or any order of any Governmental Authority, (c)
         will not violate or result in a default under any indenture, agreement
         or other instrument binding upon U.S. Borrower or any such Combined
         Loan Party or its assets, or give rise to a right thereunder to require
         any payment to be made by U.S. Borrower or any such Combined Loan
         Party, and (d) will not result in the creation or imposition of any
         Lien on any asset of U.S. Borrower or any such Combined Loan Party
         except Liens created under the Combined Loan Documents.

                  (v)      No Default under the Combined Loan Documents has
         occurred and is continuing and the U.S. Borrower is in compliance with
         the financial covenants set forth in ARTICLE VI of the U.S. Credit
         Agreement.

                  (vi)     No event or events have occurred which individually
         or in the aggregate could reasonably be expected to have a Material
         Adverse Effect.

         V.       DEFINED TERMS. Except as amended hereby, terms used herein
when defined in the U.S. Credit Agreement shall have the same meanings herein
unless the context otherwise requires.

                                      5
<Page>

         VI.      REAFFIRMATION OF COMBINED CREDIT AGREEMENTS. This Amendment
shall be deemed to be an amendment to the Combined Credit Agreements, and the
Combined Credit Agreements, as amended hereby, are hereby ratified, approved and
confirmed in each and every respect. All references to the Combined Credit
Agreements herein and in any other document, instrument, agreement or writing
shall hereafter be deemed to refer to the Combined Credit Agreements as amended
hereby.

         VII.     GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK.

         VIII.    SEVERABILITY OF PROVISIONS. Any provision of this Amendment
held to be invalid, illegal or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such invalidity, illegality
or unenforceability without affecting the validity, legality and enforceability
of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other
jurisdiction.

         IX.      COUNTERPARTS. This Amendment may be executed in counterparts
(and by different parties hereto on different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a
single contract. Delivery of an executed counterpart of a signature page of this
Amendment by telecopy shall be effective as delivery of a manually executed
counterpart of this Amendment.

         X.       HEADINGS. Article and section headings used herein are for
convenience of reference only, are not part of this Amendment and shall not
affect the construction of, or be taken into consideration in interpreting, this
Amendment.

         XI.      SUCCESSORS AND ASSIGNS. This Amendment shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and assigns.

         XII.     NO ORAL AGREEMENTS. THIS AMENDMENT, THE COMBINED CREDIT
AGREEMENTS, AS AMENDED HEREBY, AND THE OTHER COMBINED LOAN DOCUMENTS REPRESENT
THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE
OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.

         THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

                      [SIGNATURES BEGIN ON FOLLOWING PAGE]

                                       6
<Page>

        IN WITNESS WHEREOF, the U.S. Borrower, the Canadian Borrowers, the
Combined Lenders, the Global Administrative Agent, and the other "agents" under
the Combined Credit Agreements have executed this Amendment as of the date first
above written.

                                     U.S. BORROWER

                                     FOREST OIL CORPORATION

                                     By: /s/
                                         ---------------------------------------
                                     Name:    Donald H.  Stevens
                                     Title:   Vice President and Treasurer

                                     CANADIAN BORROWER

                                     CANADIAN FOREST OIL LTD.

                                     By:/s/
                                         ---------------------------------------
                                     Name:    Joan C. Sonnen
                                     Title:   Vice President

                                      S-1
<Page>

                                     AGENTS AND COMBINED LENDERS

                                     THE CHASE MANHATTAN BANK, as Global
                                     Administrative Agent and as a U.S. Lender

                                     By: /s/
                                         ---------------------------------------
                                     Name:    Robert C. Mertensotto
                                     Title:   Managing Director

                                      S-2
<Page>

                                     BANK OF AMERICA, N.A., as U.S. Syndication
                                     Agent and as a U.S. Lender

                                     By: /s/
                                         ---------------------------------------
                                     Name:    Richard L. Stein
                                     Title:   Vice President

                                      S-3
<Page>

                                     CITIBANK, N.A., as U.S. Documentation Agent
                                     and as a U.S. Lender

                                     By: /s/
                                         ---------------------------------------
                                     Name:    John Mugno
                                     Title:   Managing Director - Global Energy

                                      S-4
<Page>

                           BANK OF MONTREAL, as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    James B. Whitmore
                           Title:   Managing Director

                                      S-5
<Page>

                           TORONTO DOMINION (TEXAS), INC., as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Debbie A. Greene
                           Title:   Vice President

                                      S-6
<Page>

                           ABN AMRO BANK N.V., as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Frank R. Russo, Jr.
                           Title:   Group Vice President

                           By: /s/
                               -------------------------------------------------
                           Name:    Bo Ford
                           Title:   Assistant Vice President

                                      S-7
<Page>

                           BANK OF SCOTLAND, as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Joseph Fratus
                           Title:   Vice President

                                       S-8
<Page>

                           BANK ONE, NA (Main Office Chicago), as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Carl E. Skoog
                           Title:   Officer

                                      S-9
<Page>

                           CHRISTIANIA BANK OG KREDITKASSE, ASA NEW YORK BRANCH,
                           as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Peter M. Dodge
                           Title:   Senior Vice President

                           By: /s/
                               -------------------------------------------------
                           Name:    William S. Phillips
                           Title:   First Vice President

                                      S-10
<Page>

                           FORTIS CAPITAL CORP., as a U.S. Lender

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

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

                                      S-11
<Page>

                           U.S. BANK NATIONAL ASSOCIATION, as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Caroline M. McClurg
                           Title:   Vice President

                                      S-12
<Page>

                            BNP PARIBAS, as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    A. David Dodd
                           Title:   Vice President

                           By: /s/
                               -------------------------------------------------
                           Name:    Larry Robinson
                           Title:   Vice President

                                      S-13
<Page>

                           CREDIT AGRICOLE INDOSUEZ, as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Brian D. Knezeak
                           Title:   First Vice President

                           By: /s/
                               -------------------------------------------------
                           Name:    Patrick Cocquerel
                           Title:   FVP, Managing Director

                                      S-14
<Page>

                           CREDIT SUISSE FIRST BOSTON, as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Paul L. Colon
                           Title:   Vice President

                           By: /s/
                               -------------------------------------------------
                           Name:    Andrea E. Shkane
                           Title:   Vice President

                                      S-15
<Page>

                           GENERAL ELECTRIC CAPITAL CORPORATION, as a U.S.
                           Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Mike DePriest
                           Title:   Portfolio Manager

                                      S-16
<Page>

                           THE FUJI BANK, LIMITED, as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Masatoshi Abe
                           Title:   Vice President & Manager

                                      S-17
<Page>

                           THE BANK OF NEW YORK, as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Peter Keller
                           Title:   Vice President

                                      S-18
<Page>

                           HIBERNIA NATIONAL BANK, as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Daria M. Mahoney
                           Title:   Vice President

                                      S-19
<Page>

                           THE INDUSTRIAL BANK OF JAPAN, LIMITED, NEW YORK
                           BRANCH, as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Michael N. Oakes
                           Title:   Senior Vice President, Houston Office

                                      S-20
<Page>

                           THE SANWA BANK, LIMITED, as a U.S. Lender

                           By: /s/
                               -------------------------------------------------
                           Name:    Clyde Redford
                           Title:   V.P.

                                      S-21
<Page>

                           SOCIETE GENERALE, SOUTHWEST AGENCY, as a U.S. Lender

                           By: [not signed]
                               -------------------------------------------------
                           Name:
                           Title:

                                      S-22
<Page>

                           ING (U.S.) CAPITAL LLC, as a U.S. Lender

                           By: [not signed]
                               -------------------------------------------------
                           Name:
                           Title:

                                      S-23
<Page>

                           THE CHASE MANHATTAN BANK OF CANADA, as Canadian
                           Administrative Agent

                           By: /s/
                               -------------------------------------------------
                           Name:    Drew McDonald
                           Title:   Vice President

                           By: /s/
                               -------------------------------------------------
                           Name:    Christine Chan
                           Title:   Vice President

                                      S-24
<Page>

                          THE CHASE MANHATTAN BANK, TORONTO BRANCH, as a
                          Canadian Lender

                          By: /s/
                              -------------------------------------------------
                          Name:    Drew McDonald
                          Title:   Authorized Representative

                          By: /s/
                              -------------------------------------------------
                          Name:    Christine Chan
                          Title:   Authorized Representative

                                      S-25
<Page>

                          BANK OF MONTREAL, as Canadian Syndication Agent and
                          as a Canadian Lender

                          By: /s/
                              -------------------------------------------------
                          Name:    Dana Kathleen Amell
                          Title:   Director

                                      S-26
<Page>

                          THE TORONTO-DOMINION BANK, as Canadian Documentation
                          Agent and as a Canadian Lender

                          By: /s/
                              -------------------------------------------------
                           Name:    Parin Kanji
                           Title:   Assistant Manager

                                      S-27
<Page>

                          BANK OF AMERICA CANADA, as a Canadian Lender

                          By: /s/
                              -------------------------------------------------
                          Name:    Donald R. Chung
                          Title:   Vice President
                                   Corporate Investment Banking

                                      S-28
<Page>

                                  SCHEDULE 7.5

                             ANTICIPATED ASSET SALES

AS OF SEPTEMBER 30, 2000 (000's)

    ALABAMA FERRY                   U.S.$   1,773.3
    PINEVIEW, N                               987.7
    CONGER                                    930.1
    DEADMAN CANYON                            823.2
    KURTEN                                    281.0
    WAYNO BUENO                               254.6
    MARHOLL                                   207.9
    FORT COLLINS                              183.6
    MARNIE, SOUTH                             180.6
    SHIP SHOAL 58                             143.0
    BREED CREEK                               141.3
    BROUSSARD, N                              139.2
    WOLF MOUNTAIN                             127.4
    CHOCTAW                                   114.3
    CULBERTSON                                108.8
    HOUMA, N                                  101.9
    HIGH ROAD                                  99.2
    SHEPHERD                                   94.6
    FULLERTON                                  92.3
    BRAVO                                      87.9
    RAVEN CREEK                                85.1
    ELK                                        80.0
    TEAGUE                                     80.0
    VINTAGE                                    79.0
    ANNA K                                     68.5
    DOUBLE A                                   66.0
    MOUSER                                     65.6
    SOMERSET                                   63.9
    CINNABAR                                   58.4
    ALUM CREEK                                 56.1
    GLADIOLA                                   52.6
    BLANCO                                     52.4
    TULK                                       45.4
    WINCHESTER                                 39.1
    TAYLOR                                     37.7
    SIDNEY                                     37.3
    SPEARMAN, E                                37.3
    GUYMON-HUGOTON GAS                         36.9
    CALCASIEU PASS                             36.4
    ARAPAHOE                                   35.3
    BOZEMAN TRAIL                              32.2
    GOPHER CREEK                               32.1
    BLINEBRY                                   30.4
    LEUCITE HILLS                              29.6
    BOWERS                                     26.9
    WALLACE CREEK                              24.8
    BLOCKER                                    20.8
    HANSFORD, N                                19.0
    SLICK CREEK                                16.9
    LAVERTY                                    12.4
    OAK GROVE                                  10.3
    KNUTSON                                    10.0
    PEACH CREEK                                 8.4
    CEDAR HILLS, S                              6.8
    REDMOND CREEK                               6.6
    WANTZ                                       4.3
    BAIRDSTOWN                                  3.3
    CROFF                                       3.0
    SPRABERRY                                   2.9
    GRASSY BUTTE                                2.7
    CARTER KNOX                                 1.2
    FORT HILL                                   0.6
    IMPERIAL                                    0.5
    ATHENS                                      0.0
    BAYOU DES GLAISE                            0.0
    BURTON RANCH                                0.0
    CALUMET                                     0.0
    CHAVEROO                                    0.0
    CISCO                                       0.0

                             Schedule 7.5 - Page 1
<Page>

    CLODINE, N                                  0.0
    COBURN                                      0.0
    CONRACK                                     0.0
    CROWLEY                                     0.0
    CRUCE, W                                    0.0
    DEEP KNOX                                   0.0
    DONKEY CREEK, N                             0.0
    DOUBLE L QUEEN                              0.0
    DRINKARD                                    0.0
    EL CAMPO, W                                 0.0
    GIDDINGS                                    0.0
    HORSESHOE BAYOU                             0.0
    IDS                                         0.0
    JALMAT                                      0.0
    KATY                                        0.0
    MUNGERVILLE, NW                             0.0
    NASH, SE                                    0.0
    OWEN MESA                                   0.0
    PENLON                                      0.0
    PENROSE SKELLY                              0.0
    REED                                        0.0
    RIGHT HAND CREEK                            0.0
    SUMATRA                                     0.0
    SWD                                         0.0
    THEALL                                      0.0
    TIMBER CREEK, NW                            0.0
    WATTENBERG                                  0.0

                                    ---------------
    TOTAL (1)                       U.S.$   8,290.6

(1)  PV10 Borrowing Base ELV - 12/31/1999 Reserve Reports @ Chase Pricing

AS OF MAY 11, 2001 (000's)

     DEER ISLAND                    U.S.$    99,174.3
     SATURDAY ISLAND                         17,398.5
     TIGRE LAGOON                            12,814.5
     WHITE LAKE, E                            5,294.4
     HENSHAW, W                               4,661.6
     HOWARD GLASSCOCK                         4,125.5
     DOLLARHIDE                               3,859.4
     IATAN                                    3,592.3
     HOBBS                                    2,519.2
     MCFARLAND                                2,397.5
     MALJAMAR                                 2,034.7
     CULP DRAW                                2,015.9
     LANE                                     1,937.5
     BIRCH                                    1,564.5
     TABLE MOUNTAIN                           1,186.9

                             Schedule 7.5 - Page 2
<Page>

     LOVINGTON                                1,008.7
     TOBAC                                      700.9
     CROSSROADS                                 595.9
     BURTON FLAT                                581.6
     LOVING, N                                  473.6
     BYERS                                      394.7
     FLYING M, S                                381.4
     VADA                                       367.7
     BAGLEY, N                                  361.9
     NADINE                                     268.3
     COWDEN, S                                  213.5
     MAGUTEX                                    185.4
     VINTAGE                                    182.7
     COWDEN, N                                  138.0
     VACUUM, N                                  110.6
     VACUUM                                     109.1
     LEA, S                                      88.9
     EUMONT                                      77.7
     CAPROCK, E                                  76.5
     BAUM                                        39.8
     BOUGH                                       34.6
     FADEAWAY RIDGE                              11.0

                                    -----------------
     TOTAL (2)                      U.S.$   170,979.2

(2)  DFNR @ 9.00% - 12/31/2000 Reserve Reports @ Chase Pricing

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