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Exhibit 4.6
FIRST AMENDMENT
TO THE
RANGE RESOURCES CORPORATION
1994 OUTSIDE DIRECTORS STOCK OPTION PLAN
I, Jeffery A. Bynum, hereby certify that I am the Secretary of Lomak
Petroleum Inc., (the "Company") and that, as such, I am authorized to execute
this amendment on behalf of the Company, and, DO HEREBY FURTHER CERTIFY THAT the
following resolution was duly approved and adopted by the Shareholders of the
Company on June 8, 1995 at the Company's Annual Meeting of the Shareholders:
RESOLVED, that Lomak Petroleum, Inc. 1994 Outside Directors Stock
Option Plan be amended by deleting Section 1 and Section 3(a) thereof in their
entirety and substituting the following therefore:
"SECTION 1. PURPOSE OF THE PLAN.
The purpose of this Lomak Petroleum, Inc. 1994 Stock Option
Plan for Outside Directors (the "Plan") is to strengthen the ability of Lomak
Petroleum, Inc. (the "Company") to attract and to retain the services of
experienced and knowledgeable independent individuals as members of the Board of
the Company, to extend to them the opportunity to acquire a proprietary interest
in the Company so that they will apply their best efforts for the benefit of the
Company, and to provide those individuals with an additional incentive to
continue in their position, for the best interest of the Company and its
stockholders. In furtherance of such purpose, Eligible Directors (as defined
below) shall each receive 6,000 Stock Options on June 1, 1994 and thereafter
8,000 options per annum, subject to adjustment, for their service on the Board
on each June 1 that they are serving as an Eligible Director commencing on June
1, 1995."
"SECTION 3. SHARES OF COMMON STOCK SUBJECT TO PLAN
"(a) The Company shall automatically grant to each
Eligible Director, in office on June 1, 1994, a Stock
Option for 6,000 shares of Common Stock and to each
Eligible Director in office on each subsequent June 1
thereafter a Stock Option for 8,000 shares of Common
Stock. The maximum number of shares which may be
issued under the Plan are 200,000 shares."
June 8, 1995
/s/ Jeffery A. Bynum
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Jeffery A. Bynum
Corporate Secretary
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