Hallwood Consolidated Resources Corp Watch

from 10-K ~5 pages Letter Amendment No. 1 to Subordinated Note Agrmnt

from 10-Q 1 page Extension of Management Agreement This Extension of Management Agreement Dated May 5, 1998 Is Between Hallwood Petroleum, Inc. ("Hpi") and Hallwood Consolidated Resources Corporation ("Hcrc"). Whereas, Hpi and Hcrc Are Parties to a Management Agreement Dated May 18, 1992, and Whereas, the Management Agreement Provided That It May Be Extended for Successive One Year Terms by Written Agreement of the Parties, and Whereas, the Parties Desire to Extend the Management Agreement Until May 18, 1999, Now, Therefore, in Consideration of the Mutual Agreements Contained Herein, the Parties Agree That the Term of the Management Agreement Is Extended to May 18, 1999. Hallwood Petroleum, Inc. By: /S/Russell P. Meduna Russell P. Meduna Executive Vice President Hallwood Consolidated Resources Corporation By: /S/William L. Guzzetti William L. Guzzetti President

from 10-Q ~5 pages Option Letter to Thomas Jung - Hcrc

from 10-K405 ~50 pages Subordinated Note and Warrant Purchase Agreement

from 10-K405 1 page Extension of Management Agreement This Extension of Management Agreement Dated May 18, 1997 Is Between Hallwood Petroleum, Inc. ("Hpi") and Hallwood Consolidated Resources Corporation ("Hcrc"). Whereas, Hpi and Hcrc Are Parties to a Management Agreement Dated May 18, 1992, and Whereas, the Management Agreement Provided That It May Be Extended for Successive One Year Terms by Written Agreement of the Parties, and Whereas, the Parties Desire to Extend the Management Agreement Until May 18, 1998, Now, Therefore, in Consideration of the Mutual Agreements Contained Herein, the Parties Agree That the Term of the Management Agreement Is Extended to May 18, 1998. Hallwood Petroleum, Inc. by Russell P. Meduna Vice President Hallwood Consolidated Resources Corporation by William L. Guzzetti President

from 10-Q ~10 pages 1997 Stock Option Plan