Document:

EX 10.30 CHANGE OF CONTROL AGREEMENT

		
			CHANGE OF CONTROL AGREEMENT
		

		
			 
		

		
			THIS CHANGE OF CONTROL AGREEMENT, dated as of August 14,2012 is between
		

		
			ARI Network Services, Inc. (the "Company") and Marvin A. Berg, III (the "Employee").
		

		
			 
		

		
			WITNESSETH:
		

		
			 
		

		
			WHEREAS, the Employee has been employed by the Company since March 22, 2010
		

		
			currently serves as its Vice President of Operations; and
		

		
			 
		

		
			WHEREAS, the President and Chief Executive Officer ("CEO") of the Company has
		

		
			determined that he wishes to assure the continued availability of the Employee as Vice President
		

		
			of Operations of the Company by entering into this Change of Control Agreement (the
		

		
			"Agreement"); and
		

		
			 
		

		
			WHEREAS, the President and CEO of the Company wants to assure that, in the event of
		

		
			a Change of Control (as hereinafter defined), the Employee's service to the Company will be
		

		
			recognized.
		

		
			 
		

		
			NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth
		

		
			herein, the Company and the Employee hereby agree as follows:
		

		
			 
		

			 1.	
			Definitions. For Purposes of this Agreement:

		
			 
		

		
			(a) Cause. "Cause" means (i) the willful and continued failure by the Employee to
		

		
			substantially perform the Employee's duties with the Company (other than any such failure
		

		
			resulting from the Employee's incapacity due to physical or mental illness) for a period of at
		

		
			least ten days after a written demand for substantial performance is delivered 'to the Employee
		

		
			which specifically identifies the manner in which the Employee has not substantially performed
		

		
			his duties, or (ii) the willful engaging by the Employee in misconduct which is demonstrably and
		

		
			materially injurious to the Company, monetarily or otherwise. For purposes of this Agreement,
		

		
			no act or failure to act on the Employee's part shall be considered "willful" unless done or
		

		
			omitted to be done by the Employee not in good faith and without reasonable belief that such
		

		
			action or omission was in the best interest of the Company. Notwithstanding the foregoing, the
		

		
			Employee shall not be deemed to have been terminated for Cause unless and until there shall
		

		
			have been delivered to the Employee a copy of a resolution, duly adopted by the President and
		

		
			CEO of the Company (after reasonable notice to the Employee and an opportunity for the
		

		
			Employee, together with the Employee's counsel, to be heard before the President and CEO),
		

		
			stating that in the good faith opinion of the President and CEO the Employee was guilty of
		

		
			conduct constituting Cause as set forth above and specifying the particulars thereof in detail.
		

		
			 
		

		
			(b) Change in Control. A "Change in Control" shall mean the first to occur of the
		

		
			following:
		

		
			 
		

		
			(i) the acquisition by an individual, entity or group, acting individually or in
		

		
			conceit (a "Person") of beneficial ownership of more than 50% of the then outstanding
		

		
			shares of common stock of the Company (the "Outstanding Common Stock"); provided,
		

		
			however, that for purposes of this Subsection 1 (b)(i), the following acquisitions shall not
		

		
			constitute a Change in Control: (A) any acquisition directly from the Company, (B) any
		

		

		

		 

 

		acquisition by the Company, (C) any acquisition by any employee benefit plan (or
		

		
			related trust) sponsored or maintained by the Company or any corporation controlled by
		

		
			the Company, or (D) any acquisition by any corporation pursuant to a transaction which
		

		
			complies with clauses (A), (B) and (C) of Subsection I (b )(ii) below; or
		

		
			(ii) consummation of a reorganization, merger or consolidation, share
		

		
			exchange, or sale or other disposition of all or substantially all of the assets of the
		

		
			Company (a "Business Combination"), in each case, unless, immediately following such
		

		
			Business Combination, (A) all or substantially all of the individuals and entities who
		

		
			were the beneficial owners of the Outstanding Common Stock immediately prior to such
		

		
			Business Combination beneficially own, directly or indirectly, more than 50% of,
		

		
			respectively, the then outstanding shares of common stock and the combined voting
		

		
			power of the then outstanding voting securities entitled to vote generally in the election
		

		
			of directors, as the case may be, of the corporation resulting from such Business
		

		
			Combination (including, without limitation, a corporation which as a result of such
		

		
			transaction owns the Company or all or substantially all of the Company's assets either
		

		
			directly or through one or more subsidiaries) in substantially the same proportions as
		

		
			their ownership, immediately prior to such Business Combination of the Outstanding
		

		
			Common Stock, (B) no Person (excluding any employee benefit plan (or related trust) of
		

		
			the Company or such corporation resulting from such Business Combination)
		

		
			beneficially owns, directly or indirectly, more than 50% of, respectively, the then
		

		
			outstanding common stock of the corporation resulting from such Business Combination
		

		
			or the combined voting power of the then outstanding voting securities of such
		

		
			corporation except to the extent that such ownership existed prior to the Business
		

		
			Combination, and (C) at least a majority of the members of the Board of the corporation
		

		
			resulting from such Business Combination were members of the Board of the Company
		

		
			at the time of the execution of the initial agreement providing for such Business
		

		
			Combination; or
		

		
			(iii) approval by the shareholders of the Company of a complete liquidation or
		

		
			dissolution of the Company.
		

		
			 
		

		
			(c) Date of Termination. "Date of Termination" means the date specified in the
		

		
			Notice of Termination where required (which date shall be on or after the date of the Notice of
		

		
			Termination) or in any other case during the Term, upon the Employee's ceasing to perform
		

		
			services for the Company. In either case, the Date of Termination shall be the date on which
		

		
			Employee has a "separation from service" from the Company, as determined in accordance with
		

		
			Treasury Regulation 1.409A-l(h)(l).
		

		
			 
		

		
			(d) Effective Date. "Effective Date" means the date on which the Change of
		

		
			Control occurs.
		

		
			 
		

		
			(e) Good Reason. "Good Reason" means, without the Employee's written consent,
		

		
			the occurrence of one or more of the following during the Term:
		

		
			 
		

		
			(i) a material diminution of or interference with the Employee's duties and
		

		
			responsibilities as Vice President of Operations of the Company, including, but not
		

		
			limited to a material demotion of the Employee, a material reduction in the number or
		

		
			seniority of other Company personnel reporting to the Employee, or a material reduction
		

		
			in the frequency with which, or in the nature of the matters with respect to which, such
		

		
			personnel are to report to the Employee;
		

		

		

		 

 

		(ii) a change in the principal workplace of the Employee to a location outside
		

		
			of a 50-mile radius from Milwaukee, WI;
		

		
			(iii) a reduction or adverse change in the salary, bonus, perquisites, benefits,
		

		
			contingent benefits or vacation time which had theretofore been provided to the
		

		
			Employee; or
		

		
			(iv) an unreasonable increase in the workload of the Employee.
		

		
			For purposes hereof, any good faith determination made by the Employee that he has
		

		
			Good Reason to terminate his employment with the Company shall be conclusive. The
		

		
			Employee's continued employment or failure to give Notice of Termination will not constitute
		

		
			consent to, or a waiver of rights with respect to, any circumstance constituting Good Reason
		

		
			hereunder.
		

		
			 
		

		
			(f) Notice of Termination. Any termination of the Employee's employment by the
		

		
			Company without Cause, or termination by the Employee for Good Reason, during the Term will
		

		
			be communicated by a Notice of Termination to the other patty hereto. A "Notice of
		

		
			Termination" means a written notice which specifies a Date of Termination (which date shall be
		

		
			on or after the date of the Notice of Termination), indicates the provision in this Agreement
		

		
			applying to the termination and, if applicable, sets forth in reasonable detail the facts and
		

		
			circumstances claimed to provide a basis for termination of the Employee's employment under
		

		
			the provision so indicated.
		

		
			 
		

		
			(g) Term. The "Term" means a period beginning on the Effective Date and ending
		

		
			on the date two years after the occurrence of a Change of Control. Term also includes the three
		

		
			month period immediately preceding the closing of a Change of Control with respect to any
		

		
			Company initiated involuntary termination of Employee's employment without Cause that is
		

		
			made in anticipation of the Change of Control.
		

		
			 
		

		
			 
		

		
			2. Termination of Employment During the Term.
		

		
			 
		

		
			(a) Termination by the Company Without Cause or by the Employee for Good
		

		
			Reason. If the Employee's employment is terminated during the Term by the Company without
		

		
			Cause or by the Employee for Good Reason, the Employee shall be entitled to the following:
		

		
			(i) the Company shall pay the Employee his full base salary and commissions
		

		
			(if applicable) through the Date of Termination at the rate in effect at the time the Notice
		

		
			of Termination is given;
		

		
			(ii) as the annual current year bonus for the year in which the Date of
		

		
			Termination occurs, the Company will pay the Employee an amount (not less than zero)
		

		
			equal to (A) the product of (i) the average of the Employee's annual current year bonus
		

		
			for the three fiscal years of the Company ending prior to the Date of Termination and
		

		
			(ii) a fraction, the numerator of which is the actual number of days the Employee was
		

		
			employed by the Company during the fiscal year in which the Date of Termination occurs
		

		
			and the denominator of which is 365, minus (B) the aggregate payments previously made
		

		
			by the Company, if any, with respect to the current year annual bonus;
		

		
			(iii) the Company shall pay to the Employee as a severance benefit a lump-sum
		

		
			amount equal to two (2) times the sum of (l!) the Employee's annual base salary as in
		

		
			effect on the Effective Date or Date of Termination, whichever is greater, without
		

		
			reduction for any mandatory or voluntary deferrals, (12) 100% of the targeted
		

		
			commissions, if any, for the year in which the Effective Date or Date of Termination
		

		

		

		 

 

		occurs, whichever is greater, and (c) 100% of the targeted short-term annual bonus and
		

		
			long-term bonus for the year in which the Effective Date or Date of Termination occurs,
		

		
			whichever is greater, or, where the targeted short-term annual bonus or long-term bonus
		

		
			amounts have not been set as of the Effective Date or Date of Termination, 100% of the
		

		
			average of the Employee's targeted annual short-term and long-term bonus for the three
		

		
			fiscal years of the Company ending prior to the Date of Termination, without reduction
		

		
			for any amounts that would otherwise be deferred to future fiscal years, within thirty days
		

		
			after the Date of Termination;
		

		
			(iv) any unpaid annual installments of long-term bonuses from prior fiscal
		

		
			years, which installments shall become immediately vested as if the targeted performance
		

		
			levels for future years were met if applicable;
		

		
			(v) for a 24-month period after the Date of Termination starting with the
		

		
			month immediately after the month in which the Date of Termination occurs, the
		

		
			Company will arrange to provide the Employee and the Employee's eligible dependents,
		

		
			at the Company's expense, with benefits under the medical and dental plans of the
		

		
			Company, or, if such benefits are not available, benefits substantially similar to the
		

		
			benefits the Employee was receiving during the 90-day period immediately prior to the
		

		
			Date of Termination; provided, however, that benefits otherwise receivable by the
		

		
			Employee pursuant to this Subsection 2(a)(iv) will be reduced to the extent other
		

		
			comparable benefits are actually received by the Employee from subsequent employment
		

		
			during the 24-month period following the Date of Termination, and any such benefits
		

		
			actually received by the Employee will be reported to the Company; and provided,
		

		
			further that any access to insurance continuation coverage that the Employee may be
		

		
			entitled to receive under the Consolidated Omnibus Budget Reconciliation Act of 1986
		

		
			("COBRA") will commence on the Date of Termination; and
		

		
			(vi) all restrictions limiting the exercise, transferability or other incidents of
		

		
			ownership of any outstanding award, including but not limited to restricted stock,
		

		
			options, stock appreciation rights, or other property or rights of the Company granted to
		

		
			the Employee shall lapse, and such awards shall become fully vested and be held by the
		

		
			Employee free and clear of all such restrictions.
		

		
			 
		

		
			(b) Termination for Any Other Reason. If the Employee's employment with the
		

		
			Company is terminated during the Term for any reason not specified in Subsection 2(a) above,
		

		
			the Employee will be entitled to the following:
		

		
			(i) the Company will pay the Employee his full base salary and commissions
		

		
			(if applicable) through the Date of Termination at the rate in effect on the Date of
		

		
			Termination; and
		

		
			(ii) as the annual current year bonus for the year in which the Date of
		

		
			Termination occurs, the Company will pay the Employee an amount (not less than zero)
		

		
			equal to (A) the product of (i) the average of the Employee's annual current year bonus
		

		
			for the three fiscal years of the Company ending prior to the Date of Termination and
		

		
			(ii) a fraction, the numerator of which is the actual number of days the Employee was
		

		
			employed by the Company during the fiscal year in which the Date of Termination occurs
		

		
			and the denominator of which is 365, minus (B) the aggregate payments previously made
		

		
			by the Company, if any, with respect to the current year annual bonus. Notwithstanding
		

		
			the foregoing, no bonus will be paid to the Employee under this Subsection 2(b)(ii) if the
		

		
			Employee's employment is terminated for Cause.
		

		
			 
		

		
			(c) Timing of Payments. Where a payment of benefits under any of
		

		

		

		 

 

		Subsections 2(a)(ii), (iii) and (iv) or Subsection 2(b)(ii) is required to be delayed for six months
		

		
			after the Date of Termination under Internal Revenue Code Section 409A, the Company shall
		

		
			make payment of such amounts to the Employee on the date that is six months after the Date of
		

		
			Termination. Where a payment of benefits under Subsections 2(a)(ii), (iii) and (iv) and
		

		
			Subsection 2(b)(ii) is not required to be delayed for six months after the Date of Termination
		

		
			under Internal Revenue Code Section 409A, the Company shall make payment of such amounts
		

		
			to the Employee within thirty (30) days after the Date of Termination.
		

		
			 
		

		
			3. Limitation on Payments. Subsections 2(a)(iii), (iv), (v) and (vi), above, provide for
		

		
			certain payments to be made or benefits to be given to the Employee if the Employee's
		

		
			employment with the Company terminates during the Term (the "Change of Control Payments").
		

		
			Notwithstanding such subsections, the Change of Control Payments will be reduced such that the
		

		
			present value of the payments to the Employee or for the Employee's benefit, receipt of which is
		

		
			deemed to be contingent on a change of control under Section 280G(b )(2) of the Internal
		

		
			Revenue Code of 1986, as amended (the "Code"), shall not exceed an amount equal to the
		

		
			maximum which the Company may pay without loss of deduction under Section 280G(a) of the
		

		
			Code (the "Golden Parachute Threshold"). If the Golden Parachute Threshold is exceeded, the
		

		
			payments made pursuant to Subsections 2(a)(iii) and (iv) will be reduced, but not below zero, so
		

		
			that the total amount paid to the Employee or for the Employee's benefit is not in excess of the
		

		
			Golden Parachute Threshold. Notwithstanding the foregoing, if not reducing the Change of
		

		
			Control Payments would result in a greater after-tax amount to the Employee, such payments
		

		
			shall not be reduced. All calculations required pursuant to this Section 3 shall be made in
		

		
			accordance with proposed, temporary or final regulations promulgated under Section 280G of
		

		
			the Code or other applicable authority by the Company's public accountants, the Company's
		

		
			lawyers or such other third party as is mutually agreed between the Employee and the Company.
		

		
			In the event that the provisions of Sections 280G and 4999 of the Code or any successor
		

		
			provision are repealed without succession this Section 3 shall be of no further force or effect.
		

		
			 
		

		
			4. No Mitigation. The Employee shall not be required to mitigate the amount of any
		

		
			salary or other payment or benefit provided for in this Agreement by seeking other employment
		

		
			or otherwise, nor shall the amount of any payment or benefit provided for in this Agreement be
		

		
			reduced by any compensation earned by the Employee as a result of employment by another
		

		
			employer other than as provided in subsection 2(a)(v), above, by retirement benefits distributed
		

		
			after the Date of Termination, or otherwise.
		

		
			 
		

		
			5. No Assignments.
		

		
			 
		

		
			(a) Successors and Assigns. This Agreement is personal to the Employee, and the
		

		
			Employee may not assign or delegate any of the Employee's rights or obligations hereunder
		

		
			without first obtaining the written consent of Company. The Company will require any
		

		
			successor or assign (whether direct or indirect, by purchase, merger, consolidation or otherwise)
		

		
			to all or substantially all of the business and/or assets of the Company, by an assumption
		

		
			agreement in form and substance satisfactory to the Employee, to expressly assume and agree to
		

		
			perform this Agreement in the same manner and to the same extent that the Company would be
		

		
			required to perform it if no such succession or assignment had taken place. If such succession or
		

		
			assignment does not take place, and if this Agreement is not otherwise binding on the
		

		
			Company's successors or assigns by operation of law, the Employee is entitled to compensation
		

		
			from the Company in the same amount and on the same terms as the compensation pursuant to
		

		

		

		 

 

		Subsection 2(a) hereof.
		

		
			 
		

		
			(b) Inurement. This Agreement and all rights of the Employee hereunder shall
		

		
			inure to the benefit of and be enforceable by the Employee's personal and legal representatives,
		

		
			executors, administrators, successors, heirs, distributees, devisees and legatees. If the Employee
		

		
			should die while any amount would still be payable to the Employee hereunder if the Employee
		

		
			had continued to live, all such amounts, unless otherwise provided herein, shall be paid in
		

		
			accordance with the terms of this Agreement to the Employee's devisee, legatee or other
		

		
			designee or if there is no such designee, to the Employee's estate.
		

		
			 
		

		
			6. Notice. For the purposes of this Agreement, notices and all other communication
		

		
			provided for in the Agreement shall be in writing and shall be deemed to have been duly given
		

		
			when personally delivered or sent by fax with confirmation printed on the sending fax machine,
		

		
			or five days after mailing certified mail, return receipt requested, postage prepaid, addressed to
		

		
			the respective addresses set forth opposite the parties' signatures to this Agreement (provided
		

		
			that all notices to the Company shall be directed to the attention of the President and CEO of the
		

		
			Company with a copy to the Secretary of the Company), or to such other address as either party
		

		
			may have furnished to the other in writing in accordance herewith.
		

		
			 
		

		
			7. Prior Agreements. This Agreement shall replace and supersede all prior agreements
		

		
			between the Company and the Employee relating to the subject matter hereof.
		

		
			 
		

		
			8. Amendments. No amendments or additions to this Agreement shall be binding
		

		
			unless in writing and signed by both patties hereto.
		

		
			 
		

		
			9. Severability. The provisions of this Agreement shall be deemed severable and the
		

		
			invalidity or unenforceability of any provision shall not affect the validity or enforceability of the
		

		
			other provisions hereof.
		

		
			 
		

		
			10. Governing Law. This Agreement shall be governed by the laws of the State of
		

		
			Wisconsin, without giving effect to its principles of conflicts of laws.
		

		
			 
		

		
			11. Arbitration. Any dispute or controversy arising under or in connection with this
		

		
			Agreement shall be settled exclusively by arbitration by a single arbitrator mutually agreed to by
		

		
			the disputing patties in accordance with the rules of the American Arbitration Association then in
		

		
			effect. Such arbitration shall be held in Milwaukee, Wisconsin, or such other place as is
		

		
			mutually agreeable to the parties hereto. Judgment may be entered on the Arbitrator's award in
		

		
			any court having jurisdiction.
		

		
			 
		

		
			 
		

		
			IN WITNESS WHEREOF, the patties have executed this Agreement as of the day and
		

		
			year first above written.
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

 

		ARI NETWORK SERVICES, INC.
		

		
			10850 W. Park Place, Ste. 1200
		

		
			Milwaukee, Wisconsin 53224
		

		
			 
		

		
			 
		

		
			By: \s\ Roy W. Olivier
		

		
			Roy W. Olivier, President &  CEO
		

		
			 
		

		
			 
		

		
			EMPLOYEE
		

		
			N76 Wl7085 Kolbrook Ct.
		

		
			Menomonee Falls, WI 5305
		

		
			                                                                        By: \s\ Marvin A. Berg, III
		

		
			Marvin A. Berg, III ~KMP-2012.9.30 EX. 4.1

KINDER MORGAN ENERGY PARTNERS, L.P. AND SUBSIDIARIES

EXHIBIT - 4.1
        
KINDER MORGAN MANAGEMENT, LLC
KINDER MORGAN G.P., INC.

OFFICERS' CERTIFICATE
PURSUANT TO SECTION 301 OF INDENTURE

Each of the undersigned, Kimberly A. Dang and Joesph Listengart, the Vice President and Chief Financial Officer and the Vice President, General Counsel and Secretary, respectively, of (i) Kinder Morgan Management, LLC (the "Company"), a Delaware limited liability company and the delegate of Kinder Morgan G.P., Inc. and (ii) Kinder Morgan G.P., Inc., a Delaware corporation and the general partner of Kinder Morgan Energy Partners, L.P., a Delaware limited partnership (the "Partnership"), on behalf of the Partnership, does hereby establish the terms of a series of senior debt Securities of the Partnership under the Indenture relating to senior debt Securities, dated as of January 31, 2003 (the "Indenture"), between the Partnership and U.S. Bank National Association, as successor trustee to Wachovia Bank, National Association (the "Trustee"), pursuant to resolutions adopted by the Board of Directors of the Company, or a committee thereof, on July 18, 2012 and August 8, 2012 and in accordance with Section 301 of the Indenture, as follows:
1.    The titles of the Securities shall be "3.45% Senior Notes due 2023" (the “2023 Notes”) and "5.00% Senior Notes due 2042" (the “2042 Notes” and, together with the 2023 Notes, the "Notes");
2.    The aggregate principal amounts of the 2023 Notes and the 2042 Notes which initially may be authenticated and delivered under the Indenture shall be limited to a maximum of $625,000,000 and $625,000,000, respectively, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to the terms of the Indenture, and except that any additional principal amount of the Notes may be issued in the future without the consent of Holders of the Notes so long as such additional principal amount of Notes are authenticated as required by the Indenture;
3.    The Notes shall be issued on August 13, 2012; the principal of the 2023 Notse shall be payable on February 15, 2023, and the principal of the 2042 Notes shall be payable on August 15, 2042; the Notes will not be entitled to the benefit of a sinking fund; 
4.    The 2023 Notes shall bear interest at the rate of 3.45% per annum and the 2042 Notes shall bear interest at the rate of 5.00% per annum, in each case which interest shall accrue from August 13, 2012, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, which dates shall be February 15 and August 15 of each year, and such interest shall be payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2013, to holders of record at the close of business on the February 1 or August 1, respectively, next preceding each such Interest Payment Date;
5.    The principal of, premium, if any, and interest on, the Notes shall be payable at the office or agency of the Partnership maintained for that purpose in the Borough of Manhattan, New York, New York; provided, however, that at the option of the Partnership, payment of interest may be made from such office in the Borough of Manhattan, New York, New York by check mailed to the address of the person entitled 

thereto as such address shall appear in the Security Register. If at any time there shall be no such office or agency in the Borough of Manhattan, New York, New York, where the Notes may be presented or surrendered for payment, the Partnership shall forthwith designate and maintain such an office or agency in the Borough of Manhattan, New York, New York, in order that the Notes shall at all times be payable in the Borough of Manhattan, New York, New York.  The Partnership hereby initially designates the Corporate Trust Office of the Trustee in the Borough of Manhattan, New York, New York, as one such office or agency;
6.    U.S. Bank National Association, successor trustee to Wachovia Bank, National Association, is appointed as the Trustee for the Notes, and U.S. Bank National Association, and any other banking institution hereafter selected by the officers of the Company, on behalf of the Partnership, are appointed agents of the Partnership (a) where the Notes may be presented for registration of transfer or exchange, (b) where notices and demands to or upon the Partnership in respect of the Notes or the Indenture may be made or served and (c) where the Notes may be presented for payment of principal and interest;
7.    At any time prior to November 15, 2022 (three months before the maturity date of the 2023 Notes) in the case of the 2023 Notes, and February 15, 2042 (six months before the maturity date of the 2042 Notes) in the case of the 2042 Notes, the notes of the applicable series will be redeemable, at the Partnership's option, at any time in whole, or from time to time in part, upon not less than 30 and not more than 60 days notice mailed to each Holder of the Notes to be redeemed at the Holder's address appearing in the Security Register, at a price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest to, but excluding, the Redemption Date, subject to the right of Holders of record on the relevant Record Date to receive interest due on an Interest Payment Date that is on or prior to the Redemption Date, plus a make-whole premium, if any.  At any time on or after November 15, 2022 (three months before the maturity date of the 2023 Notes) in the case of the 2023 Notes, and February 15, 2042 (six months before the maturity date of the 2042 Notes) in the case of the 2042 Notes, the notes of the applicable series will be redeemable in whole or in part, at the Partnership's option, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus unpaid interest accrued to, but excluding, the date of redemption. In no event will the Redemption Price ever be less than 100% of the principal amount of the Notes being redeemed plus accrued interest to, but excluding, the Redemption Date.
The amount of the make-whole premium on any Note, or portion of a Note, to be redeemed will be equal to the excess, if any, of:
		
	(1)
	the sum of the present values, calculated as of the Redemption Date, of:

each interest payment that, but for the redemption, would have been payable on the Note, or portion of a Note, being redeemed on each interest payment date occurring after the Redemption Date, excluding any accrued interest for the period prior to the Redemption Date; and
the principal amount that, but for the redemption, would have been payable at the stated maturity of the Note, or portion of a Note, being redeemed;
over
		
	(2)
	the principal amount of the Note, or portion of a Note, being redeemed.

The present value of interest and principal payments referred to in clause (1) above will be determined in accordance with generally accepted principles of financial analysis. The present values will be calculated by discounting the amount of each payment of interest or principal from the date that each such payment 

would have been payable, but for the redemption, to the Redemption Date at a discount rate equal to the Treasury Yield, as defined below, plus 0.30% in the case of the 2023 Notes and 0.35% in the case of the 2042 Notes.
The make-whole premium will be calculated by an independent investment banking institution of national standing appointed by the Partnership.  If the Partnership fails to make that appointment at least 30 business days prior to the redemption date, or if the institution so appointed is unwilling or unable to make the calculation, the financial institution named in the Notes will make the calculation. If the financial institution named in the Notes is unwilling or unable to make the calculation, an independent investment banking institution of national standing appointed by the Trustee will make the calculation. 
For purposes of determining the make-whole premium, Treasury Yield refers to an annual rate of interest equal to the weekly average yield to maturity of United States Treasury Notes that have a constant maturity that corresponds to the remaining term to maturity of the Notes to be redeemed, calculated to the nearer 1/12 of a year (the "Remaining Term"). The Treasury Yield will be determined as of the third business day immediately preceding the applicable redemption date.
The weekly average yields of United States Treasury Notes will be determined by reference to the most recent statistical release published by the Federal Reserve Bank of New York and designated "H.15(519) Selected Interest Rates" or any successor release (the "H.15 Statistical Release"). If the H.15 Statistical Release sets forth a weekly average yield for United States Treasury Notes having a constant maturity that is the same as the Remaining Term of the Notes to be redeemed, then the Treasury Yield will be equal to that weekly average yield. In all other cases, the Treasury Yield will be calculated by interpolation, on a straight-line basis, between the weekly average yields on the United States Treasury Notes that have a constant maturity closest to and greater than the Remaining Term of the Notes to be redeemed and the United States Treasury Notes that have a constant maturity closest to and less than the Remaining Term, in each case as set forth in the H.15 Statistical Release. Any weekly average yields so calculated by interpolation will be rounded to the nearer 0.01%, with any figure of 0.0050% or more being rounded upward. If weekly average yields for United States Treasury Notes are not available in the H.15 Statistical Release or otherwise, then the Treasury Yield will be calculated by interpolation of comparable rates selected by the independent investment banking institution.
If less than all of the Notes are to be redeemed, the Trustee will select the Notes to be redeemed by a method that the Trustee deems fair and appropriate. The Trustee may select for redemption Notes and portions of Notes in amounts of $1,000 or integral multiples of $1,000 in excess thereof.
8.    Payment of principal of, and interest on, the Notes shall be without deduction for taxes, assessments or governmental charges paid by Holders of the Notes;
9.    The Notes are approved in the form attached hereto as Exhibit A and shall be issued upon original issuance in whole in the form of one or more book-entry Global Securities, and the Depositary shall be The Depository Trust Company; and
10.    The Notes shall be entitled to the benefits of the Indenture, including the covenants and agreements of the Partnership set forth therein, except to the extent expressly otherwise provided herein or in the Notes.
Any initially capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Indenture.

IN WITNESS WHEREOF, each of the undersigned has hereunto signed his or her name this 8th day of August, 2012.

/s/ Kimberly A. Dang    
Kimberly A. Dang
Vice President and Chief Financial Officer

/s/ Joseph Listengart    
Joseph Listengart
Vice President, General Counsel and Secretary

Exhibit A

Form of Global Note attached.

    
THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.
UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION, TO THE PARTNERSHIP OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.
KINDER MORGAN ENERGY PARTNERS, L. P.
[____]% SENIOR NOTE DUE 20[__]
NO.  [___]        U.S.$[__________]
CUSIP No. 494550 [___]
KINDER MORGAN ENERGY PARTNERS, L.P., a Delaware limited partnership (herein called the "Partnership," which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of [___________] United States Dollars (U.S.$[__________]) on [______], 20[__], and to pay interest thereon from [______], 20[__], or from the most recent Interest Payment Date to which interest has been paid, semi-annually on [______] and [______] in each year, commencing [______], 20[__], at the rate of [____]% per annum, until the principal hereof is paid. The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year. The amount of interest payable for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the days elapsed in any partial month.  In the event that any date on which interest is payable on this Security is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the date the payment was originally payable.  A "Business Day" shall mean, when used with respect to any Place of Payment, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment are authorized or obligated by law, 

executive order or regulation to close.  The interest so payable, and punctually paid, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the [______] or [______] (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date.  Any such interest not so punctually paid shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Securities of this series may be listed or traded, and upon such notice as may be required by such exchange or automated quotation system, all as more fully provided in such Indenture.
The principal of, premium, if any, and interest on, this Security shall be payable at the office or agency of the Partnership maintained for that purpose in the Borough of Manhattan, New York, New York; provided, however, that at the option of the Partnership, payment of interest may be made from such office in the Borough of Manhattan, New York, New York by check mailed to the address of the person entitled thereto as such address shall appear in the Security Register. If at any time there shall be no such office or agency in the Borough of Manhattan, New York, New York where this Security may be presented or surrendered for payment, the Partnership shall forthwith designate and maintain such an office or agency in the Borough of Manhattan, New York, New York, in order that this Security shall at all times be payable in the Borough of Manhattan, New York, New York.  The Partnership hereby initially designates the Corporate Trust Office of the Trustee in the Borough of Manhattan, New York, New York, as one such office or agency.
Payment of the principal of (and premium, if any) and any such interest on this Security will be made by transfer of immediately available funds to a bank account designated by the Holder in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.
Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.
Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.
IN WITNESS WHEREOF, the Partnership has caused this instrument to be duly executed.
Dated: [______], 20[__]
KINDER MORGAN ENERGY PARTNERS, L.P.,

		
	By:
	Kinder Morgan G.P., Inc.,

its general partner

		
	By:
	Kinder Morgan Management, LLC,

its delegate  

By:            
David D. Kinder
Vice President and Treasurer

        

This is one of the Securities designated therein referred to in the within-mentioned Indenture.
U.S. BANK NATIONAL ASSOCIATION,
As Trustee

By:            
Authorized Signatory

This Security is one of a duly authorized issue of securities of the Partnership (the "Securities"), issued and to be issued in one or more series under an Indenture dated as of January 31, 2003 relating to senior debt Securities (the "Indenture"), between the Partnership and U.S. Bank National Association, as successor trustee to Wachovia Bank, National Association (the "Trustee", which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Partnership, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered.  As provided in the Indenture, the Securities may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear interest, if any, at different rates, may be subject to different redemption provisions, if any, may be subject to different sinking, purchase or analogous funds, if any, may be subject to different covenants and Events of Default and may otherwise vary as in the Indenture provided or permitted.  This Security is one of the series designated on the face hereof.  This series of Securities may be reopened for issuances of additional Securities without the consent of Holders.
Before [_________], 20[__], the Securities of this series will be redeemable, at the option of the Partnership, at any time in whole, or from time to time in part, upon not less than 30 and not more than 60 days notice mailed to each Holder of these Securities to be redeemed at the Holder's address appearing in the Security Register, at a price equal to 100% of the principal amount of the Securities of this series to be redeemed plus accrued and unpaid interest to, but excluding, the Redemption Date, subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on an Interest Payment Date that is on or prior to the Redemption Date, plus a make-whole premium, if any. At any time on or after [_________], 20[__], the Securities of this series will be redeemable in whole or in part, at the option of the Partnership, at a redemption price equal to 100% of the principal amount of the Securities of this series to be redeemed plus unpaid interest accrued to, but excluding, the date of redemption. In no event will the Redemption Price ever be less than 100% of the principal amount of the Securities of this series being redeemed plus accrued interest to the Redemption Date.
The amount of the make-whole premium on any of these Securities, or portion of these Securities, to be redeemed will be equal to the excess, if any, of:
		
	(1)
	the sum of the present values, calculated as of the Redemption Date, of:

		
	•
	each interest payment that, but for the redemption, would have been payable on the Security, or portion of a Security, being redeemed on each Interest Payment Date occurring after the Redemption Date, excluding any accrued interest for the period prior to the Redemption Date; and

		
	•
	the principal amount that, but for the redemption, would have been payable at the Stated Maturity of the Security, or portion of a Security, being redeemed;

over
		
	(2)
	the principal amount of the Security, or portion of a Security, being redeemed.

The present value of interest and principal payments referred to in clause (1) above will be determined in accordance with generally accepted principles of financial analysis. The present values will be calculated by discounting the amount of each payment of interest or principal from the date that each such payment would have been payable, but for the redemption, to the Redemption Date at a discount rate equal to the Treasury Yield, as defined below, plus 0.[__]%.
The make-whole premium will be calculated by an independent investment banking institution of national standing appointed by the Partnership.  If the Partnership fails to make that appointment at least 30 business days prior to the Redemption Date, or if the institution so appointed is unwilling or unable to make 

the calculation, [______] will make the calculation. If [______] is unwilling or unable to make the calculation, an independent investment banking institution of national standing appointed by the Trustee will make the calculation.
For purposes of determining the make-whole premium, Treasury Yield refers to an annual rate of interest equal to the weekly average yield to maturity of United States Treasury Notes that have a constant maturity that corresponds to the remaining term to maturity of the Securities to be redeemed, calculated to the nearer 1/12 of a year (the "Remaining Term"). The Treasury Yield will be determined as of the third business day immediately preceding the applicable Redemption Date.
The weekly average yields of United States Treasury Notes will be determined by reference to the most recent statistical release published by the Federal Reserve Bank of New York and designated "H.15(519) Selected interest Rates" or any successor release (the "H.15 Statistical Release"). If the H.15 Statistical Release sets forth a weekly average yield for United States Treasury Notes having a constant maturity that is the same as the Remaining Term of the Securities to be redeemed, then the Treasury Yield will be equal to that weekly average yield. In all other cases, the Treasury Yield will be calculated by interpolation, on a straight-line basis, between the weekly average yields on the United States Treasury Notes that have a constant maturity closest to and greater than the Remaining Term of the Securities to be redeemed and the United States Treasury Notes that have a constant maturity closest to and less than the Remaining Term, in each case as set forth in the H.15 Statistical Release. Any weekly average yields so calculated by interpolation will be rounded to the nearer 0.01%, with any figure of 0.0050% or more being rounded upward. If weekly average yields for United States Treasury Notes are not available in the H.15 Statistical Release or otherwise, then the Treasury Yield will be calculated by interpolation of comparable rates selected by the independent investment banking institution.
If less than all of these Securities are to be redeemed, the Trustee will select the Securities to be redeemed by a method that the Trustee deems fair and appropriate. The Trustee may select for redemption these Securities and portions of these Securities in amounts of U.S.$1,000 or whole multiples of U.S.$1,000.
In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.
If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of, and any premium and accrued but unpaid interest on, the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.
The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Partnership and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Partnership and the Trustee with the consent of not less than the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series to be affected (voting as one class).  The Indenture also contains provisions permitting the Holders of a majority in aggregate principal amount of the Outstanding Securities of all affected series (voting as one class), on behalf of the Holders of all Securities of such series, to waive compliance by the Partnership with certain provisions of the Indenture.  The Indenture permits, with certain exceptions as therein provided, the Holders of a majority in principal amount of Securities of any series then Outstanding to waive past defaults under the Indenture with respect to such series and their consequences.  Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.

As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 90 days after receipt of such notice, request and offer of indemnity.  The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.
No reference herein to the Indenture and no provision of this Security or of the Indenture shall, without the consent of the Holder, alter or impair the obligation of the Partnership, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place(s) and rate, and in the coin or currency, herein prescribed.
This Security shall be entitled to the benefits of the Indenture, including the covenants and agreements of the Partnership set forth therein, except to the extent expressly otherwise set forth herein.
This Global Security or portion hereof may not be exchanged for Definitive Securities of this series except in the limited circumstances provided in the Indenture.
The Holders of beneficial interests in this Global Security will not be entitled to receive physical delivery of Definitive Securities except as described in the Indenture and will not be considered the Holders thereof for any purpose under the Indenture.
The Securities of this series are issuable only in registered form without coupons in denominations of U.S.$1,000 and any integral multiple thereof.  As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same.
No service charge shall be made for any such registration of transfer or exchange, but the Partnership may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.
Prior to due presentment of this Security for registration of transfer, the Partnership, the Trustee and any agent of the Partnership or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security is overdue, and neither the Partnership, the Trustee nor any such agent shall be affected by notice to the contrary.
Obligations of the Partnership under the Indenture and the Securities thereunder, including this Security, are non-recourse to Kinder Morgan Management, LLC ("Management") and its Affiliates (other than the Partnership and Kinder Morgan G.P., Inc. (the "General Partner")), and payable only out of cash flow and assets of the Partnership and the General Partner.  The Trustee, and each Holder of a Security by its acceptance hereof, will be deemed to have agreed in the Indenture that (1) neither Management nor its assets (nor any of its Affiliates other than the Partnership and the General Partner, nor their respective assets) shall be liable for any of the obligations of the Partnership under the Indenture or such Securities, including 

this Security, and (2) neither Management nor any director, officer, employee, stockholder or unitholder, as such, of the Partnership, the Trustee, the General Partner, Management or any Affiliate of any of the foregoing entities shall have any personal liability in respect of the obligations of the Partnership under the Indenture or such Securities by reason of his, her or its status.
The Indenture contains provisions that relieve the Partnership from the obligation to comply with certain restrictive covenants in the Indenture and for satisfaction and discharge at any time of the entire indebtedness upon compliance by the Partnership with certain conditions set forth in the Indenture.
This Security shall be governed by and construed in accordance with the laws of the State of New York.
All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

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