from 10-Q
1 page
Agreement Regarding Initial Exercise Price Reference Is Hereby Made to That Certain Common Stock Purchase Warrant Dated June 8, 1999 (The "Warrant"), Relating to the Right to Purchase Shares of the Common Stock, $0.01 Par Value, of Hallwood Energy Corporation, a Delaware Corporation (The "Company"), and Issued to the Prudential Insurance Company of America ("Prudential"). Pursuant to the Provisions of Section 1a of the Warrant, the Company and Prudential Agree That the Initial Exercise Price (As Defined in the Warrant) Has Been Determined as Provided in Such Section 1a and Is $ . June , 1999 Hallwood Energy Corporation By: /S/ Cathleen M. Osborn Name: Cathleen M. Osborn Title: Vice President the Prudential Insurance Company of America By: /S/ Ric Abel Name: Ric Abel Title: Vice President Dal02:230291 <page>
