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Exhibit 10.37
FIRST AMENDMENT
TO
MANAGEMENT SERVICES
AGREEMENT
This FIRST AMENDMENT TO MANAGEMENT SERVICES
AGREEMENT (this “First Amendment”) is effective as of
March 1, 2009, by and between VINLAND ENERGY OPERATIONS, LLC, a
Delaware limited liability company (“Manager”) and
VANGUARD NATURAL GAS, LLC, a Kentucky limited liability company,
and its subsidiaries, ARIANA ENERGY, LLC and TRUST ENERGY COMPANY,
LLC (collectively the “Company”).
RECITAL :
WHEREAS, Manager and the Company are parties to
that certain Management Agreement, dated as of January 5, 2007 (the
“Management Agreement”) wherein, Manager agreed to
provide certain management and general and administrative support
services to Company for its Properties, and the Company agreed to
pay to Manager the compensation provided for in this Agreement as
set forth therein.
WHEREAS, Manager and Company now desire to
temporarily amend and/or replace certain terms, provisions or
conditions of the Management Agreement, as provided in and for the
duration of this First Amendment.
NOW THEREFORE, in consideration of the premises
and the mutual covenants and agreements herein contained and other
good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged; the parties agree as
follows:
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The term of
this First Amendment shall commence on March 1, 2009 and shall
continue in full force and effect until December 31,
2009. After December 31, 2009, the term of this First
Amendment shall be extended automatically from month to month
thereafter, unless Manager or the Company gives the other written
notice of its intention to terminate this First Amendment at the
next following monthly renewal which is at least thirty (30) days
after the notice is given. Upon the termination of this
First Amendment, all of the original te
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