FIRST AMENDMENT TO SERVICES AGREEMENT THIS FIRST AMENDMENT TO SERVICES AGREEMENT ("First Amendment") dated as of January 15, 1999, is made between XCL Ltd. ("XCL") and Benjamin B. Blanchet ("Blanchet"), who agree as follows: Recitals WHEREAS, XCL and Blanchet entered into that certain Services Agreement executed as of August 1, 1997 (the "Services Agreement") to provide for the furnishing of legal counsel services by Blanchet to XCL and its subsidiaries; and WHEREAS, the parties to the Services Agreement have agreed to amend the Services Agreement to provide that Blanchet will bill XCL $10,000 per month for up to 80 hours of legal counsel services per month rather than charging XCL at an hourly rate of $175 for legal counsel services. NOW, THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: Section 1. Paragraph 1 of the Services Agreement is hereby amended by deleting the current Paragraph 1 and inserting in its place the following: Blanchet is hereby engaged to act as counsel to XCL to perform such services as XCL may request of him in that capacity from time to time, provided that Blanchet shall not be required to provide more than 80 hours of services per month under this agreement in any calendar month. Blanchet may be granted such bonuses or other compensation under this Agreement as the Company, in its discretion, may deem appropriate. Amounts due under this agreement shall be paid to Blanchet monthly on the last business day of the month. Section 2. Paragraph 2 of the Services Agreement is hereby amended by deleting the current Paragraph 2 and inserting in its place the following: Compensation for services under this agreement will be at the rate of $10,000 per month. Further, XCL shall provide Blanchet with furnished office space and supplies, reasonable secretarial assistance, a reasonable library allowance, professional liability insurance in an amount agreed to by the parties, CLE, bar dues and other similar matters. In addition, Blanchet shall be entitled to reimbursement for expenses incurred by him in the performance of services under this agreement. Section 3. Paragraph 5 of the Services Agreement is hereby amended by deleting the current Paragraph 5 and inserting in its place the following: Blanchet shall not be required to submit time sheets or otherwise account for his time under this agreement. Section 4. Except as expressly amended hereby, the Services Agreement shall remain in full force and effect. Section 5. This First Amendment shall be construed in accordance with and governed by the laws of the State of Louisiana. IN WITNESS WHEREOF, XCL and Blanchet have caused this First Amendment to be duly executed effective as of the date first above written. XCL LTD. By:________________________________ Name:___________________________ Title:_________________________ ________________________________ Benjamin B. Blanchet