EXHIBIT 10.36
RESOLUTION
XXXXXX PRODUCTION SERVICES, INC.
BOARD OF DIRECTORS MEETING
AUGUST 7, 1998
RESOLVED THAT, effective this date, the Board hereby approves and adopts
the following amendment to its Rights Agreement, dated as of September 11, 1997,
between the Corporation and Xxxxxx Trust Company of New York as Rights Agent:
Section 3(a)(ii) of the Rights Agreement is amended to read as follows:
"(ii) such date, if any, after the date of commencement or public
announcement of a tender offer or exchange offer by any Person (other than
an Exempt Person), the consummation of which would result in any Person
becoming the Beneficial Owner of Common Stock aggregating 15% or more of
the then outstanding shares of Common Stock, as is subsequently determined
by resolution of the Board of Directors . . ."
